# OYSTER
## - BM Alternativos

### Financial Statements as at 31/12/2021

#### Statement of net assets as at 31/12/2021
Expressed in EUR
| Assets |  | 237,937,795.31 |
| --- | --- | --- |
| Securities portfolio at market value | Note 2 | 231,318,433.65 |
| Unrealised profit on the securities portfolio |  | 15,704,858.20 |
| Cash at banks and liquidities |  | 5,351,948.46 |
| Subscriptions receivable |  | 1,267,413.20 |
| Liabilities |  | 4,656,802.46 |
| Brokers payable |  | 4,200,000.00 |
| Redemptions payable | Note 2 | 116,071.42 |
| Management fees payable | Note 3 | 221,765.11 |
| Other liabilities |  | 118,965.93 |
| Net asset value |  | 233,280,992.85 |


#### Statement of operations and changes in net assets from 01/01/2021 to 31/12/2021
Expressed in EUR
| Income |  | 449.40 |
| --- | --- | --- |
| Bank interest on cash account |  | 449.40 |
| Expenses |  | 2,669,021.75 |
| Management fees and Management Company fees | Note 3 | 1,992,653.37 |
| Depositary fees | Note 6 | 21,354.04 |
| Taxe d'abonnement | Note 5 | 49,508.84 |
| Administrative expenses | Note 3 | 229,697.46 |
| Bank interest |  | 24,152.10 |
| Legal fees |  | 17,733.49 |
| Transaction fees | Note 8 | 16,496.12 |
| Other expenses | Note 10 | 317,426.33 |
| Net loss from investments |  | (2,668,572.35) |
| Net realised profit / loss on: - sales of investment securities | Note 2 | 1,142,525.87 |
| - forward foreign exchange contracts | Note 2 | (187,106.26) |
| - foreign exchange | Note 2 | (124,449.63) |
| Net realised loss |  | (1,837,602.37) |
| Movement in net unrealised appreciation / depreciation on: - investments |  | 9,078,554.79 |
| - forward foreign exchange contracts |  | (5,658.66) |
| Increase in net assets as a result of operations |  | 7,235,293.76 |
| Subscription capitalisation shares |  | 132,754,130.45 |
| Redemption capitalisation shares |  | (28,870,779.70) |
| Increase in net assets |  | 111,118,644.51 |
| Net assets at the beginning of the year |  | 122,162,348.34 |
| Net assets at the end of the year |  | 233,280,992.85 |

Statistics
|  | Year ending as at: | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| --- | --- | --- | --- | --- |
| Total Net Assets | EUR | 233,280,992.85 | 122,162,348.34 | 56,418,902.00 |
| C - EUR - Capitalisation Number of shares |  | 952,288.033 | 451,788.990 | 171,600.832 |
| Net asset value per share | EUR | 163.85 | 157.31 | 151.80 |
| I - EUR - Capitalisation Number of shares |  | 3,119.110 | 2,291.810 | 1,000.000 |
| Net asset value per share | EUR | 1,101.48 | 1,048.83 | 1,003.82 |
| R - EUR - Capitalisation Number of shares |  | 442,607.152 | 306,541.404 | 193,138.672 |
| Net asset value per share | EUR | 166.76 | 158.83 | 152.05 |

Changes in number of shares outstanding from 01/01/2021 to 31/12/2021
|  | Shares outstanding as at 01/01/2021 | Shares issued | Shares redeemed | Shares outstanding as at 31/12/2021 |
| --- | --- | --- | --- | --- |
| C - EUR - Capitalisation | 451,788.990 | 580,031.931 | 79,532.888 | 952,288.033 |
| I - EUR - Capitalisation | 2,291.810 | 1,335.634 | 508.334 | 3,119.110 |
| R - EUR - Capitalisation | 306,541.404 | 230,166.242 | 94,100.494 | 442,607.152 |

Securities portfolio as at 31/12/2021
Expressed in EUR
Quantity	Denomination	Quotation
currency
Cost price
Market value
% of net assets
| Shares/Units of UCITS/UCIS | 215,613,575.45 | 231,318,433.65 | 99.16 |
| --- | --- | --- | --- |
| Shares/Units in investment funds | 215,613,575.45 | 231,318,433.65 | 99.16 |
| Ireland | 91,416,161.39 | 99,994,801.44 | 42.86 |
| 92,964 AKO GLOBAL UCITS B2 EUR | EUR | 13,020,898.58 | 15,297,943.30 | 6.56 |
| 182,571 LAZARD RATHMORE ALTERNATIVE FUND A ACC E | EUR | 20,498,200.03 | 23,128,630.53 | 9.90 |
| 131,508 MAN GLG ALPHA SELECT ALT INH EUR | EUR | 13,848,119.43 | 15,061,645.37 | 6.46 |
| 91,285 MARSHALL WACE DEVELOPED EUE TOPS -A- EUR | EUR | 18,967,813.63 | 21,150,209.15 | 9.07 |
| 76,164 MONTLAKE UCITS PLATFORM ICAV - ADVENT GL | EUR | 9,422,524.56 | 9,433,360.65 | 4.04 |
| 55,331 MONTLAKE UCITS PLATFORM ICAV CRABEL GE | EUR | 6,046,306.02 | 6,244,224.65 | 2.68 |
| 521,450 VERITAS GLOBAL REAL RETURN FUND A INC H | EUR | 9,612,299.14 | 9,678,787.79 | 4.15 |
| Luxembourg |  | 124,197,414.06 | 131,323,632.21 | 56.30 |
| 47,194 ALMA PLATINUM QUANTICA MANAG FUT I1CE C | EUR | 5,437,236.33 | 5,163,474.64 | 2.21 |
| 112,144 BR EME COMP ABSOLUTE RETR D2 EUR HED CAP | EUR | 14,140,000.00 | 14,819,828.28 | 6.35 |
| 98,877 COREMONT INVESTMENT FUND SICAV LANDSEE | EUR | 10,000,000.00 | 9,978,810.51 | 4.28 |
| 17,837 ELEVA ABSOLUTE RETURN EUROPE I | EUR | 20,257,992.00 | 22,339,675.51 | 9.59 |
| 160,130 LUMYNA PSAM GLOB EV BC | EUR | 17,676,833.05 | 18,740,069.49 | 8.03 |
| 91,186 LUMYNA SANDBAR GLB EQT MARK NE UCITS B C | EUR | 9,433,731.25 | 8,738,390.70 | 3.75 |
| 121,025 LYXOR SANDLER US EQ I EUR | EUR | 14,228,116.78 | 14,489,922.58 | 6.21 |
| 97,709 MLIS YORK A E-D -EUR B (ACC)- CAP | EUR | 15,649,958.15 | 15,634,414.05 | 6.70 |
| 64,054 N1 ALP 15 MA BI-BASE- CAP | EUR | 5,558,657.91 | 6,864,678.33 | 2.94 |
| 59,812 SERV PLTF SEL EQ LS UCITS -I- | EUR | 11,814,888.59 | 14,554,368.12 | 6.24 |
| Total securities portfolio |  | 215,613,575.45 | 231,318,433.65 | 99.16 |
| Cash at bank/(bank liabilities) |  |  | 5,351,948.46 | 2.29 |
| Other net assets/(liabilities) |  |  | (3,389,389.26) | (1.45) |
| Total net assets |  |  | 233,280,992.85 | 100.00 |

Translation (ENFR, 2021-12-31):
# OYSTER
## Consolidé

##### Etats Financiers au 31/12/2021

###### Etat du Patrimoine au 31/12/2021
Exprimé en USD
| Actifs |  | 2.050.741.605,53 |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | Note 2 | 1.958.135.042,67 |
| Plus-value non réalisée sur le portefeuille-titres |  | 81.393.966,12 |
| Options achetées à la valeur de marché | Note 2 | 131.521,00 |
| Avoirs en banque et liquidités |  | 73.437.184,67 |
| Dépôts à terme |  | 4.100.000,00 |
| Intérêts à recevoir | Note 2 | 5.067.813,26 |
| Brokers à recevoir |  | 188.818,30 |
| Souscriptions à recevoir |  | 2.706.660,28 |
| Dividendes à recevoir | Note 2 | 545.924,57 |
| Plus-value non réalisée sur contrats de change à terme | Note 2 | 3.881.755,54 |
| Plus-value non réalisée sur "futures" | Note 2 | 846.885,49 |
| A recevoir sur change spot |  | 12.931,12 |
| Autres actifs |  | 1.687.068,63 |
| Passifs |  | 9.477.276,52 |
| Brokers à payer |  | 5.017.942,77 |
| Commission de performance | Note 4 | 1.524,46 |
| Rachats à payer | Note 2 | 1.750.857,62 |
| Commission de gestion et conseil à payer | Note 3 | 1.677.572,56 |
| A payer sur change spot |  | 12.947,65 |
| Autres passifs |  | 1.016.431,46 |
| Valeur nette d'inventaire |  | 2.041.264.329,01 |


###### Etat des Opérations et des Variations des Actifs Nets du 01/01/2021 au 31/12/2021
Exprimé en USD
| Revenus |  | 36.213.306,16 |
| --- | --- | --- |
| Dividendes nets | Note 2 | 18.676.019,10 |
| Intérêts nets sur obligations |  | 17.395.174,76 |
| Intérêts bancaires à vue |  | 35.441,15 |
| Intérêts bancaires à terme |  | 4.281,01 |
| Autres revenus financiers | Note 7 | 52.044,78 |
| Autres revenus |  | 50.345,36 |
| Dépenses |  | 29.879.061,57 |
| Commissions de gestion et de conseil | Note 3 | 19.018.802,28 |
| Commissions de banque dépositaire et sous-dépositaire | Note 6 | 262.413,91 |
| Taxe d'abonnement | Note 5 | 583.375,17 |
| Frais administratifs | Note 3 | 3.843.138,75 |
| Commission de performance | Note 4 | 1.524,46 |
| Intérêts bancaires sur découvert |  | 414.709,41 |
| Frais légaux |  | 472.111,27 |
| Frais de transaction | Note 8 | 1.603.310,53 |
| Autres dépenses | Note 10 | 3.679.675,79 |
| Revenus nets des investissements |  | 6.334.244,59 |
| Bénéfice net / Perte nette réalisé(e) sur : - vente de titres | Note 2 | 109.941.905,35 |
| - options | Note 2 | (3.706.655,77) |
| - contrats de change à terme | Note 2 | (18.156.636,93) |
| - futures | Note 2 | 8.994.051,18 |
| - change | Note 2 | (1.151.702,20) |
| Bénéfice net réalisé |  | 102.255.206,22 |
| Variation de la plus- ou moins-value nette non réalisée sur : - portefeuille-titres |  | 15.589.203,08 |
| - options |  | (371.743,37) |
| - contrats de change à terme |  | 853.641,16 |
| - futures |  | 47.867,31 |
| Augmentation des actifs nets résultant des opérations |  | 118.374.174,40 |
| Dividendes payés | Note 9 | (222.465,43) |
| Souscriptions actions de capitalisation |  | 714.388.798,14 |
| Souscriptions actions de distribution |  | 15.219.191,90 |
| Rachats actions de capitalisation |  | (530.275.979,33) |
| Rachats actions de distribution |  | (18.860.525,19) |
| Augmentation des actifs nets | 298.623.194,49 |
| Réévaluation de la balance d'ouverture | (106.911.213,48) |
| Actifs nets au début de l'année | 1.849.552.348,00 |
| Actifs nets à la fin de l'année | 2.041.264.329,01 |