# ODDO BHF
## Convertibles Global

##### Financial Statements as at 31.10.2021
Statement of net assets as at 31.10.2021
Expressed in EUR
| Assets |  | 13,455,639 |
| --- | --- | --- |
| Investments at market value | Note 2b | 12,322,861 |
| Acquisition cost |  | 10,986,528 |
| Cash at bank |  | 634,073 |
| Interest receivable |  | 15,416 |
| Receivable on sale of investments |  | 229,108 |
| Receivable on subscriptions |  | 17,189 |
| Dividends receivable |  | 795 |
| Receivable on forward currency exchange contracts |  | 236,197 |
| Liabilities |  | 423,146 |
| Bank overdrafts |  | 68,043 |
| Payable on purchase of investments |  | 64,999 |
| Payable on redemptions |  | 10,648 |
| Net unrealised loss on forward currency exchange contracts | Note 2e | 27,594 |
| Investment management and domiciliary, administrative and transfer agency fees payable Payable on forward currency exchange contract |  | 14,709 236,130 |
| Other liabilities |  | 1,023 |
| Net asset value |  | 13,032,493 |

Changes in number of shares outstanding from 01.11.2020 to 31.10.2021
|  | Shares outstanding as at 01.11.2020 | Shares subscribed | Shares redeemed | Shares outstanding as at 31.10.2021 |
| --- | --- | --- | --- | --- |
| I Shares EUR - Capitalisation | 64.24 | 276.99 | 67.73 | 273.50 |
| R Shares EUR - Capitalisation | 99,518.51 | 26,084.29 | 63,181.69 | 62,421.11 |
| R Shares CHF [H] - Capitalisation | 0.00 | 4,835.00 | 90.00 | 4,745.00 |
| R Shares USD [H] - Capitalisation | 474.14 | 9,047.31 | 1,590.30 | 7,931.15 |
| GC Shares EUR - Capitalisation | 15,442.13 | 8,451.28 | 6,800.25 | 17,093.16 |
| N Shares EUR - Capitalisation | 175.00 | 3,884.73 | 1,453.00 | 2,606.73 |

| Year ended as at: | 31.10.2021 | 31.10.2020 | 31.10.2019 |
| --- | --- | --- | --- |
| EUR | 13,032,493 | 13,440,417 | 20,368,494 |

Statistics
Total Net Assets
| I Shares EUR - Capitalisation Number of shares |  | 273.50 | 64.24 | 4,424.20 |
| --- | --- | --- | --- | --- |
| Net asset value per share | EUR | 1,404.62 | 1,186.14 | 1,067.01 |
| R Shares EUR - Capitalisation Number of shares |  | 62,421.11 | 99,518.51 | 129,790.46 |
| Net asset value per share | EUR | 135.43 | 115.21 | 104.45 |
| R Shares CHF [H] - Capitalisation Number of shares |  | 4,745.00 | - | - |
| Net asset value per share | CHF | 104.64 | - | - |
| R Shares USD [H] - Capitalisation Number of shares |  | 7,931.15 | 474.14 | 2,378.76 |
| Net asset value per share | USD | 147.89 | 124.98 | 111.20 |
| GC Shares EUR - Capitalisation Number of shares |  | 17,093.16 | 15,442.13 | 17,377.15 |
| Net asset value per share | EUR | 140.24 | 118.48 | 106.67 |
| N Shares EUR - Capitalisation Number of shares |  | 2,606.73 | 175.00 | - |
| Net asset value per share | EUR | 120.55 | 102.17 | - |

| Quantity	Denomination	Quotation	Acquisition cost currency | Market value | % of net assets |
| --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing and / or dealt in on another regulated market	 10,431,055 | 11,778,619 | 90.38 |
| Shares	 565,069 | 627,236 | 4.81 |
| The Netherlands	 22,180 | 18,802 | 0.14 |
| 170 AIRBUS SE	EUR	22,180 | 18,802 | 0.14 |
| United States of America	 413,631 | 460,015 | 3.54 |

| 1,197 AMERICAN ELECTRIC  6.125 20-25 15/08Q | USD | 51,340 | 53,647 | 0.41 |
| --- | --- | --- | --- | --- |
| 3,081 BECTON DICKINSON&CO --- DEPOSITARY SHS | USD | 140,180 | 140,638 | 1.08 |
| 203 CAESARS ENTERTAINMENT - REGISTERED SHS | USD | 7,217 | 19,201 | 0.15 |
| 35 DANAHER CORP - PFD REGISTERED SHS | USD | 34,347 | 50,228 | 0.39 |
| 500 DOMINION ENERGY | USD | 45,309 | 43,279 | 0.33 |
| 347 FORTIVE CORP | USD | 21,674 | 22,702 | 0.17 |
| 256 II VI INC	6.0 20-23 01/07Q	USD | 46,746 | 56,832 | 0.44 |
| 460 REDFIN CORPORATION - REGISTERED	USD | 18,820 | 20,407 | 0.16 |
| 1,200 SOUTHERN CO	USD | 47,998 | 53,081 | 0.41 |
| Japan | 24,539 | 24,841 | 0.19 |
| 227 GMO PAYMENT GATEWAY INC	JPY | 24,539 | 24,841 | 0.19 |
| Jersey Island | 59,140 | 82,472 | 0.63 |
| 494 APTIV PLC	USD | 59,140 | 82,472 | 0.63 |
| Bermuda | 18,922 | 18,851 | 0.14 |
| 23,834 KUNLUN ENERGY | HKD | 18,922 | 18,851 | 0.14 |
| South Korea |  | 26,657 | 22,255 | 0.17 |
| 36 LG CHEM	KRW | 26,657 | 22,255 | 0.17 |
| Bonds | 312,460 | 349,924 | 2.69 |
| France | 172,858 | 177,428 | 1.37 |
| 881 SCHNEIDER ELECTRIC SE	20-26 15/06A	EUR | 172,858 | 177,428 | 1.37 |
| United States of America | 139,602 | 172,496 | 1.32 |
| 95,000 DEXCOM INC 0.25 21-25 15/05S | USD | 79,846 | 105,166 | 0.80 |
| 60,000 HANNON ARMSTRONG SUST 0.00 20-23 15/08U | USD | 59,756 | 67,330 | 0.52 |
| Convertible bonds | 9,553,526 | 10,801,459 | 82.88 |
| France | 975,974 | 926,965 | 7.11 |
| 2,000 ELIS SA CV	0.00 17-23 06/10U	EUR | 63,869 | 62,879 | 0.48 |
| 200,000 MICHELIN CV | 0.00 17-22 10/01U | USD | 180,750 | 177,026 | 1.36 |
| 505 ORPEA CV | 0.375 19-27 17/05A | EUR | 73,983 | 70,682 | 0.54 |
| 200,000 TOTALENERGIES CV 0.50 15-22 02/12S	USD | 190,171 | 177,351 | 1.36 |
| 200,000 VINCI SA CV	0.375 17-22 16/02S	USD | 196,246 | 192,760 | 1.48 |
| 2,369 WORLDLINE SA DIRTY 0.00 19-26 30/07U	EUR | 270,955 | 246,267 | 1.89 |
| The Netherlands | 427,696 | 470,991 | 3.61 |
| 200,000 IBERDROLA INTL BV CV 0.00 15-22 11/11A | EUR | 204,750 | 247,258 | 1.89 |
| 200,000 STMICROELECTRON CV 0.0001 17-27 04/08S | USD | 222,946 | 223,733 | 1.72 |
| Switzerland | 141,377 | 217,813 | 1.67 |
| 140,000 SIKA CV	0.15 18-25 05/06A	CHF | 141,377 | 217,813 | 1.67 |
| Germany | 579,000 | 604,418 | 4.64 |
| 200,000 FRESENIUS SE & CO. KG CV 0.00 17-24 31/01U | EUR | 202,240 | 199,777 | 1.53 |
| 200,000 LEG IMMOBILIEN AG CV 0.875 17-25 01/09S | EUR | 217,600 | 249,235 | 1.92 |
| 100,000 MTU AERO ENG. CV	0.125 16-23 17/05A | EUR | 159,160 | 155,406 | 1.19 |
| Italy |  | 111,375 | 112,703 | 0.86 |
| 100,000 NEXI S.P.A. CV 1.75 20-27 24/04S	EUR | 111,375 | 112,703 | 0.86 |
| Spain | 135,850 | 135,699 | 1.04 |
| 100,000 CELLNEX TELECOM SA CV 0.50 19-28 05/07A	EUR | 135,850 | 135,699 | 1.04 |
| United States of America | 5,867,302 | 6,882,192 | 52.82 |
| 150,000 ALARM.COM HOLDINGS CV 0.0 21-26 15/01U | USD | 124,743 | 119,532 | 0.92 |
| 21,000 APELLIS PHARMACEUTICALS CV 3.5 19-26 15/09S | USD | 26,874 | 21,675 | 0.17 |
| 90,000 AVALARA INC CV	0.25 21-26 01/08S	USD | 78,489 | 81,535 | 0.63 |
| 65,000 BANDWIDTH INC CV	0.25 20-26 03/01S | USD | 64,974 | 65,023 | 0.50 |
| 40,000 BLOOMIN BRANDS IN CV 5.00 20-25 01/05S | USD | 61,041 | 69,227 | 0.53 |
| 135,000 BOOKING HOLDINGS INC CV 0.75 20-25 02/11S | USD | 146,555 | 173,330 | 1.33 |
| 55,000 CARDLYTICS INC CV 1.0000 20-25 15/09S | USD | 50,467 | 58,017 | 0.45 |
| 65,000 CERIDIAN HCM HOLD CV 0.25 21-26 15/03S | USD | 53,867 | 64,561 | 0.50 |
| 120,000 CHENIERE CV	4.25 15-45 09/03S	USD | 82,137 | 88,236 | 0.68 |
| 120,000 CRACKER BA OLD CTY ST CV 0.625 21-26 15/06S | USD | 99,018 | 102,129 | 0.78 |
| 15,000 DEXCOM INC CV	0.75 19-23 01/12S | USD | 26,685 | 49,020 | 0.38 |
| 215,000 DRAFTKINGS INC CV  0.00 21-28 15/03U | USD | 180,896 | 162,354 | 1.25 |
| 135,000 ENPHASE ENERGY CV  0.00 21-28 01/03U | USD | 110,644 | 129,943 | 1.00 |

| Quantity	Denomination | Quotation currency | Acquisition cost | Market value | % of net assets |
| --- | --- | --- | --- | --- |
| 40,000 ENVESTNET INC CV	1.75 18-23 01/06 | USD | 39,416 | 45,568 | 0.35 |
| 40,000 ETSY INC CV	0.125 20-26 01/10S | USD | 79,313 | 100,012 | 0.77 |
| 94,000 ETSY INC CV 0.25 21-28 11/06S | USD | 78,579 | 103,353 | 0.79 |
| 85,000 EURONET WORLDWIDE CV 0.75 19-49 15/03S | USD | 82,554 | 78,860 | 0.61 |
| 95,000 EXACT SCIENCES CORP CV 0.375 19-27 15/03S | USD | 91,435 | 93,215 | 0.72 |
| 215,000 FORD MOTOR CREDIT CO CV 0.00 21-26 15/03U | USD | 180,226 | 219,114 | 1.68 |
| 75,000 FTI CONSULTING INC CV 2.0 18-23 15/08S | USD | 87,941 | 95,747 | 0.73 |
| 200,000 GLENCORE FDING CV	0.00 18-25 20/03U | USD | 151,978 | 179,496 | 1.38 |
| 75,000 GREENBIER COS CV	2.875 17-24 01/02S | USD | 63,479 | 66,437 | 0.51 |
| 125,000 GUIDEWIRE SOFTWARE CV 1.25 18-25 15/03S | USD | 120,303 | 134,583 | 1.03 |
| 25,000 HEALTH CATALYST CV  2.500 20-25 15/04S | USD | 23,648 | 39,478 | 0.30 |
| 20,000 HUBSPOT INC CV	0.375 20-25 01/06S | USD | 18,658 | 49,733 | 0.38 |
| 180,000 INSULET CORP CV 0.375 20-26 01/09S | USD | 189,255 | 230,679 | 1.77 |
| 96,000 INTEGRA LIFESCIENCES CV 0.5 21-25 15/02S | USD | 89,300 | 90,351 | 0.69 |
| 80,000 JETBLUE AIRWAYS CV  0.50 21-26 01/04S | USD | 68,127 | 66,873 | 0.51 |
| 148,000 JOHN BEAN TECHNOLOGIES CV 0.25 21-26 15/05S | USD | 128,871 | 139,421 | 1.07 |
| 200,000 JPMORGAN CHASE & CO CV 0.25 18-23 01/05S | USD | 175,978 | 196,388 | 1.51 |
| 245,000 JPMORGAN CHASE BANK N CV 0.125 20-23 01/01S | USD | 237,044 | 220,144 | 1.69 |
| 60,000 LIBERTY MEDIA CORP CV  1.00 17-23 30/01S | USD | 59,985 | 79,437 | 0.61 |
| 55,000 LUMENTUM HOLDINGS CV 0.25 17-24 15/03S | USD | 58,999 | 69,031 | 0.53 |
| 20,000 MERCADOLIBRE INC CV	2.00 18-28 15/08S | USD | 16,175 | 58,472 | 0.45 |
| 99,000 MICROCHIP TECHNOLOGY CV 0.125 20-24 01/12S | USD | 97,719 | 95,855 | 0.74 |
| 170,000 MIDDLEBY CORP CV	1.00 20-25 01/09S | USD | 145,710 | 221,302 | 1.70 |
| 110,000 NEXTERA ENERGY PARTNE CV 0.00 20-25 15/11U | USD | 97,826 | 110,329 | 0.85 |
| 205,000 NUVASIVE INC CV 0.375 21-25 15/03S | USD | 165,832 | 168,006 | 1.29 |
| 80,000 OAK STREET HEAL CV  0.00 21-26 15/03U | USD | 67,013 | 64,668 | 0.50 |
| 55,000 OKTA CV	0.125 19-25 01/09S | USD | 49,698 | 69,071 | 0.53 |
| 130,000 PALO ALTO NETWORKS CV I 0.375 21-25 01/06S | USD | 125,773 | 196,800 | 1.51 |
| 80,000 PAR TECHNOLOGY CV  1.5 21-22 15/04S | USD | 67,688 | 75,899 | 0.58 |
| 135,000 PEBBLEBROOK HOTEL TR CV 1.75 20-26 15/12S | USD | 121,256 | 130,501 | 1.00 |
| 25,000 PENN NATIONAL GAMIN CV 2.75 20-26 15/05S | USD | 23,047 | 68,394 | 0.52 |
| 75,000 PIONEER NATURAL CV 0.25 20-25 15/05S | USD | 75,864 | 115,067 | 0.88 |
| 55,000 PRA GROUP CV & 3.50	17-23 01/06S | USD | 46,850 | 52,723 | 0.40 |
| 80,000 PROGRESS SOFTWARE CV 1.00 21-26 15/04S | USD | 67,286 | 73,942 | 0.57 |
| 45,000 RAPID7 INC CV  2.25 20-25 01/05S | USD | 42,472 | 84,686 | 0.65 |
| 80,000 REPAY HOLDINGS CV  0.0 21-26 01/02U | USD | 68,831 | 64,174 | 0.49 |
| 237,000 RINGCENTRAL CV	0.0 20-25 01/03U | USD | 217,001 | 210,439 | 1.61 |
| 45,000 SAILPOINT TECHNO CV 0.125 19-24 15/09S | USD | 40,866 | 68,619 | 0.53 |
| 15,000 SERVICENOW INC CV  0.00 18-22 01/06 | USD | 14,206 | 67,071 | 0.51 |
| 120,000 SHAKE SHACK INC CV 0.0 21-28 01/03U | USD | 95,589 | 85,651 | 0.66 |
| 210,000 SNAP INC CV	0.0 21-27 01/0 | USD | 177,251 | 184,037 | 1.41 |
| 65,000 SOLAREDGE TECH  CV 0.00 21-25 15/09U | USD | 65,841 | 83,233 | 0.64 |
| 51,000 SOUTHWEST AIRLINES CO CV 1.25 20-25 01/05S | USD | 59,479 | 61,984 | 0.48 |
| 185,000 SPLUNK INC CV 1.125 20-27 15/12S | USD | 171,920 | 166,830 | 1.28 |
| 45,000 SQUARE INC CV 0.50 19-23 15/05S | USD | 49,218 | 127,052 | 0.97 |
| 52,000 SUNPOWER CV	4.00 16-23 15/01S | USD | 44,086 | 68,225 | 0.52 |
| 188,000 UBER TECHNOLOGIES CV 0.00 20-25 15/12U | USD | 161,887 | 156,989 | 1.20 |
| 70,000 WESTERN DIGITAL CORP CV 1.500 18-24 01/02S | USD | 55,398 | 60,823 | 0.47 |
| 155,000 WORKDAY INC CV 0.25	17-22 01/10S | USD | 185,401 | 264,974 | 2.03 |

| 35,000 ZSCALER INC CV 0.125 21-25 01/07S | USD | 35,777 | 65,340 | 0.50 |
| --- | --- | --- | --- | --- |
| 80,000 ZYNGA INC CV 0.25 19-24 01/06S | USD | 82,863 | 78,534 | 0.60 |
| India |  | 179,832 | 229,240 | 1.76 |
| 200,000 BHARTI AIRTEL LTD CV 1.50 20-25 17/02S | USD | 179,832 | 229,240 | 1.76 |
| Japan |  | 555,584 | 594,464 | 4.56 |
| 20,000,000 KYUSHU ELECTRIC PO CV 0.00 17-22 31/03U | JPY | 166,623 | 151,320 | 1.16 |
| 20,000,000 MITSUBISHI CHEMICAL CV 0.00 17-24 29/03U | JPY | 165,062 | 159,916 | 1.23 |
| 10,000,000 MITSUMI ELEC REGS CV 0.00 15-22 03/08U | JPY | 93,829 | 105,909 | 0.81 |
| 10,000,000 NAGOYA RAILROAD CV  0.00 14-24 11/12U | JPY | 85,227 | 77,112 | 0.59 |
| 5,000,000 SONY CORP CV	0.00 15-22 30/09U | JPY | 44,843 | 100,207 | 0.77 |
| Singapore |  | 59,034 | 80,715 | 0.62 |
| 63,000 MAXEON SOLAR TECHNOL CV 6.5 20-25 15/07S | USD | 59,034 | 80,715 | 0.62 |
| Cayman Islands |  | 420,557 | 423,861 | 3.25 |
| 90,000 NIO INC CV 0.5 21-27 15/01S | USD | 63,624 | 66,355 | 0.51 |
| 154,000 SEA LTD CV  0.25 21-26 15/09S | USD | 131,695 | 140,094 | 1.06 |
| 7,000 SEA LTD CV 2.375 21-25 01/06S | USD | 7,150 | 23,083 | 0.18 |
| 110,000 TRIP COM GROUP LTD CV 1.99 15-25 01/07S | USD | 109,802 | 91,905 | 0.71 |

| Quantity	Denomination	Quotation currency | Acquisition cost | Market value | % of net assets |
| --- | --- | --- | --- |
| 55,000 WEIBO CORP CV 1.25 17-22 15/11S	USD | 45,821 | 46,606 | 0.36 |

| 70,000 YY INCORPORATION | 0.75 19-25 15/06S | USD | 62,465 | 55,818 | 0.43 |
| --- | --- | --- | --- | --- | --- |
| Liberia |  |  | 99,945 | 122,398 | 0.94 |
| 105,000 ROYAL CARIBBEAN CV | 4.25 20-23 15/06S | USD | 99,945 | 122,398 | 0.94 |

| Other transferable securities | 328,837 | 317,614 | 2.44 |
| --- | --- | --- | --- |
| Shares |  | 20,604 | 24,572 | 0.19 |
|  | United States of America | 20,604 | 24,572 | 0.19 |
| 25 FLUOR CORP	6.5 21-99 31/12Q | USD | 20,604 | 24,572 | 0.19 |
| Convertible bonds |  | 308,233 | 293,042 | 2.25 |
| United States of America |  | 227,291 | 226,203 | 1.74 |
| 250 2020 CASH EXCH TRUS CV 5.25 20-23 01/06Q | USD | 227,291 | 226,203 | 1.74 |
| Japan |  | 80,942 | 66,839 | 0.51 |
| 10,000,000 HIS CO CV	0.00 17-24 15/11U | JPY | 80,942 | 66,839 | 0.51 |
| Shares/Units of UCITS/UCIS |  | 226,636 | 226,627 | 1.74 |
| Shares/Units in investment funds |  | 226,636 | 226,627 | 1.74 |
| Ireland |  | 226,636 | 226,627 | 1.74 |
| 4,940 SPDR REFINITIV GLOBAL CONV BD UCITS ETF | USD | 226,636 | 226,627 | 1.74 |
| Total Investments |  | 10,986,528 | 12,322,861 | 94.55 |
| Cash Net |  |  | 566,031 | 4.34 |
| Other Assets/(Liabilities) |  |  | 143,601 | 1.11 |
| Total Net Assets |  |  | 13,032,493 | 100.00 |


##### Geographic allocation of portfolio
% of Net Assets
United States of America	59.61
France	8.48
Japan	5.26
Germany	4.64
The Netherlands	3.75
Cayman Islands	3.25
India	1.76
Ireland	1.74
Switzerland	1.67
Spain	1.04
Liberia	0.94
Italy	0.86
Jersey Island	0.63
Singapore	0.62
South Korea	0.17
Bermuda	0.14
Other assets
5.44
100.00
Statement of Operations and Changes in Net Assets from 01.11.2020 to 31.10.2021
Expressed in EUR
| Income |  | 125,222 |
| --- | --- | --- |
| Dividends income, Net | Note 2d | 26,701 |
| Interest on bonds, Net | Note 2d | 97,562 |
| Bank interest |  | 959 |
| Expenses |  | 234,127 |
| Investment management fee | Note 3 | 208,619 |
| Depositary fees | Note 5 | 786 |
| Taxe d'abonnement | Note 7a | 8,053 |
| Domiciliary, administrative and transfer agency fees | Note 5 | 6,867 |
| Professional fees | Note 12 | 6,355 |
| Bank charges |  | 792 |
| Transaction costs | Note 2g | 1,290 |
| Sundry expenses |  | 1,365 |
| Net loss from investments |  | (108,905) |
| Net Realised gain / (loss) on: - Sales of investments | Note 2d | 2,623,816 |
| - Forward currency exchange contracts | Note 2e | (563,536) |
| - Foreign exchange | Note 2c | (129,000) |
| Net realised profit |  | 1,822,375 |
| Movement in net unrealised appreciation / (depreciation) on: - Investments |  | 267,901 |
| - Forward currency exchange contracts | Note 2e | 359,620 |
| Increase in net assets as a result of operations |  | 2,449,896 |
| Subscription capitalisation shares |  | 6,969,204 |
| Redemption capitalisation shares |  | (9,827,024) |
| Decrease in net assets |  | (407,924) |
| Net assets at the beginning of the year |  | 13,440,417 |
| Net assets at the end of the year |  | 13,032,493 |

The accompanying notes form an integral part of these financial statements

Translation (ENIT, 2021-10-31):
# ODDO BHF
## Consolidato

### Prospetti finanziari al 31.10.2021
Stato patrimoniale al 31.10.2021
Valori espressi in EUR
| Attivo |  | 3,455,855,624 |
| --- | --- | --- |
| Portafoglio titoli a prezzo di mercato | Nota 2b | 3,200,193,431 |
| Prezzo d'acquisto |  | 3,132,117,423 |
| Depositi bancari a vista e liquidità |  | 151,788,468 |
| Altre liquidità |  | 3,900,692 |
| Depositi vincolati |  | 54,216,232 |
| Interessi maturati |  | 28,493,013 |
| Crediti verso broker per vendita titoli |  | 9,533,752 |
| Sottoscrizioni da regolare |  | 6,323,038 |
| Dividendi da incassare |  | 215,814 |
| Plusvalenze non realizzate su future su cambi | Nota 2e | 169,786 |
| Plusvalenze non realizzate su future | Nota 2e | 310,100 |
| Crediti su contratti a termine su valute |  | 711,298 |
| Passivo |  | 118,416,503 |
| Debiti bancari a vista |  | 3,073,753 |
| Debiti verso broker per acquisto titoli |  | 26,524,085 |
| Minusvalenze non realizzate su contratti a termine su valute | Nota 2f, 9 | 53,359,760 |
| Commissioni di performance | Nota 4 | 465,857 |
| Rimborsi chiesti e non regolati |  | 17,431,261 |
| Minusvalenze non realizzate su future su cambi | Nota 2e | 778,795 |
| Minusvalenze non realizzate su future | Nota 2e | 2,187,615 |
| Minusvalenze non realizzate su swaps | Nota 2e | 11,493,550 |
| Commissioni di gestione e consulenza |  | 1,671,213 |
| Importi dovuti su contratti a termine su valute |  | 709,351 |
| Altre voci del passivo |  | 721,263 |
| Valore netto d'inventario |  | 3,337,439,121 |

Conto economico e variazioni patrimoniali dal 01.11.2020 al 31.10.2021
Valori espressi in EUR
| Proventi |  | 84,944,726 |
| --- | --- | --- |
| Dividendi netti | Nota 2d | 2,990,398 |
| Cedole nette da obbligazzioni | Nota 2d | 80,832,892 |
| Interessi bancari su conti correnti |  | 19,766 |
| Interessi bancari su conti bancari |  | 254 |
| Altri proventi finanziari |  | 113,902 |
| Interessi su pronti contro termine | Nota 2f | 451,681 |
| Interessi su interessi tasso swaps |  | 535,833 |
| Spese |  | 24,417,521 |
| Commissioni di gestione e consulenza | Nota 3 | 17,050,963 |
| Commissioni della banca depositaria e sub-depositaria | Nota 5 | 93,517 |
| Tassa d'abbonamento | Nota 7a | 588,508 |
| Commissioni di performance | Nota 4 | 468,853 |
| Commissioni di domiciliazione | Nota 5 | 1,346,561 |
| Onorari | Nota 12 | 529,091 |
| Interessi bancari su conti correnti |  | 601,777 |
| Spese di transazioni | Nota 2g | 1,416,165 |
| Spese su reverse repos | Nota 2f | 4,856 |
| Interessi su interessi tasso swaps |  | 2,099,358 |
| Altre spese |  | 217,872 |
| Reddito netto da investimenti |  | 60,527,205 |
| Utile netto realizzato / perdita netta realizzata su: - negoziazione di titoli | Nota 2d | 92,099,396 |
| - opzioni | Nota 2e | (363,347) |
| - future su cambi | Nota 2e | (5,063,515) |
| - future | Nota 2e | 515,015 |
| - swaps | Nota 2e | 11,620,691 |
| - cambi | Nota 2c | (10,996,080) |
| Utile netto realizzato |  | 148,339,365 |
| Variazioni nette delle plusvalenze / minusvalenze latenti su: - investimenti | Nota 2e | 46,428,899 |
| - future su cambi | Nota 2e | 1,786,068 |
| - future | Nota 2e | (1,104,562) |
| - swaps | Nota 2e | (10,651,319) |
| Aumento del patrimonio netto da operazioni di mercato |  | 184,798,451 |
| Dividendi distribuiti | Nota 6 | (62,524,208) |
| Sottoscrizione di azioni a capitalizzazione |  | 1,212,025,557 |
| Sottoscrizione di azioni a distribuzione |  | 303,917,196 |
| Riscatto di azioni a capitalizzazione |  | (733,907,764) |
| Riscatto di azioni a distribuzione |  | (347,980,184) |
| Aumento del patrimonio netto | 556,329,048 |
| Rivalutazione del bilancio iniziale | 797,607 |
| Patrimonio netto all'inizio dell'anno | 2,780,312,466 |
| Patrimonio netto a fine dell'anno | 3,337,439,121 |