# ODDO BHF
## Notes to the financial statements
- ORGANISATION


### Notes to the financial statements
SICAV ODDO BHF (the “Company”) is an open-ended investment company with variable capital (Société d’Investissement à Capital Variable, “SICAV”) with multiple Sub-Funds organised as a Société Anonyme under the laws of the Grand Duchy of Luxembourg. The Company was incorporated in Luxembourg on 18 December 1998 for an unlimited period.
The Management Company is Oddo BHF Asset Management SAS since 1 February 2016.
The Company is registered as an undertaking for collective investment pursuant to the Part I of the law of 17 December 2010 (2010 Law), as amended and to the law of 10 August 1915, as amended.
Its   initial   Articles   of   Incorporation   were   published   in   the   “Mémorial   C”   on 1 February 1999. The last amendment of the articles has been endorsed by an extraordinary general meeting of shareholders as of 2 November 2016 and was published in the “Recueil Electronique des Sociétés et Associations” on 7 December 2016. The Company is registered with the Registre de Commerce et des Sociétés with the District Court of Luxembourg under number B 67 580.
As at 31 October 2021, the Sub-Funds and the shares in issue are the following:
Sub-Fund		Sub-Fund base currency
Available Share Classes
Sustainable Euro Corporate Bond (formerly Euro Corporate Bond)
EUR	I Shares EUR, R Shares EUR, N Shares EUR, P Shares EUR, GC Shares EUR, oN Shares EUR
| Euro High Yield Bond | EUR | I Shares EUR, R Shares EUR, R Shares CHF [H], N Shares EUR, P Shares EUR, DP15 Shares EUR, GC Shares EUR |
| --- | --- | --- |
|  | EUR | I Shares EUR, R Shares EUR, R Shares CHF [H], R Shares USD [H], N Shares EUR, |
| Euro Credit Short Duration |  | N Shares CHF [H], N Shares GBP [H], P Shares CHF [H], P Shares EUR, P Shares CHF [H], |
|  |  | P Shares GBP [H], P Shares USD [H], CG Shares EUR |
| Algo Trend Eurozone | EUR | I Shares EUR, R Shares EUR, N Shares EUR, Rw Shares EUR |
| Convertibles Global | EUR | I Shares EUR, R Shares EUR, R Shares USD [H], N Shares EUR, GC Shares EUR |
| Objectifs Revenus | EUR | I Shares EUR |
| Sustainable Credit Opportunities (formerly Credit Opportunities) | EUR | I Shares EUR, I Shares CHF [H], I Shares USD [H], R Shares EUR, N Shares EUR, |
|  |  | oP Shares EUR, GC Shares EUR, X Shares EUR |
| Algo Trend US | EUR | I Shares EUR, I Shares USD [H], R Shares EUR, N Shares EUR, Iw Shares EUR |
| Global Credit Short Duration | EUR | I Shares EUR, R Shares EUR, P Shares EUR, Pw Shares EUR, F Shares EUR |
|  |  | I Shares EUR, I Shares EUR [H], I Shares USD, Iw Shares EUR [H], Iw Shares USD, |
| Millennials | USD | R Shares EUR, R Shares EUR [H], R Shares USD, Rw Shares EUR, Rw Shares EUR [H] |
|  |  | N Shares EUR, N Shares EUR [H], N Shares USD, Nw Shares EUR, Nw Shares EUR [H], |
|  |  | Nw Shares USD |
|  |  | I Shares EUR, I Shares EUR [H], I Shares USD, Iw Shares EUR [H], Iw Shares USD, |
| Artificial Intelligence | USD | R Shares EUR, R Shares EUR [H], R Shares USD, Rw Shares EUR [H], N Shares EUR |
|  |  | N Shares EUR [H], N Shares USD, Nw Shares USD, P Shares EUR, P Shares EUR [H] |
|  |  | I Shares EUR, I Shares EUR [H], I Shares USD, Iw Shares EUR [H], Iw Shares USD, |
| Green Planet | USD | R Shares EUR, R Shares EUR [H], R Shares USD, Rw Shares EUR [H], N Shares EUR, |
|  |  | N Shares EUR [H], N Shares USD, Nw Shares USD |
| Polaris Moderate F | EUR | R Shares EUR, N Shares EUR |
| Polaris Balanced F | EUR | R Shares EUR, N Shares EUR |
| Polaris Flexible F | EUR | R Shares EUR, N Shares EUR |

- ORGANISATION (continued)As described in the current prospectus of SICAV ODDO BHF, the net asset value per share of each class in respect of each Sub-Fund is calculated in the reference currency of the share class.

Events
The Board of Directors of the Company resolved to consolidate the shares of the DI-EUR class of shares of the sub-fund ODDO BHF Objectifs Revenus on the basis of one new distribution share for one hundred old distribution shares on the basis of the net asset value calculated on 16 September 2021.
The Board of Directors of the Company decided to launch the following share classes as of the 8 December 2020:
- I Shares USD [H] for the sub-fund ODDO BHF Algo Trend US;
- I Shares USD [H] for the sub-fund ODDO BHF Sustainable Credit Opportunities;
- I Shares CHF [H] for the sub-fund ODDO BHF Sustainable Credit Opportunities.

The Board of Directors of the Company decided to launch the sub-fund ODDO BHF Polaris Moderate F with effective date 4 October 2021.
The Board of Directors of the Company decided to launch the sub-fund ODDO BHF Polaris Balanced F with effective date 4 October 2021.
The Board of Directors of the Company decided to launch the sub-fund ODDO BHF Polaris Flexible F with effective date 4 October 2021.
The Shares
As from 11 December 2017, Classes of Shares with the letter “I” in their denomination may be acquired by eligible counterparties and professional investors within the meaning of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, amended by Directive (EU) 2016/1034 of 23 June 2016 only.
GC Classes of Shares are reserved to (i) insurance companies, approved by the Management Company, to represent unit linked products subscribed as part of “advisory management” contracts in their range and for (ii) ODDO BHF SCA’s clients having signed an advisory agreement with an ODDO BHF SCA financial investment advisory partner. GC Shares may be accumulation Shares or distributions Shares.
Classes of Shares with the letter “N” in their denomination are available solely at the discretion of the Management Company and will not pay any distribution fees or rebates.
As from 11 December 2017, Classes of Shares with the letter “N” in their denomination are reserved to (i) investors subscribing via an intermediary providing the service of investment advice on an independent basis pursuant to the European Directive 2014/65/EU (so-called “MIFID II Directive”), (ii) investors subscribing via a financial intermediary on the basis of a fee agreement concluded between the investor and the intermediary and mentioning that the intermediary is exclusively paid by the investor, (iii) companies providing the service of portfolio management pursuant to the MIFID II Directive, (iv) UCIs managed by ODDO BHF Group entities, and
(v) ODDO BHF SCA when providing the service of investment advice on the basis of a written fee agreement concluded with its client.
Classes of Shares with the letter “P” in their denomination may be offered to Institutional Investors only who have made a prior arrangement with the Management Company.
Classes of Shares with the letter “R” in their denomination may be acquired by any type of investors (i.e. retail and Institutional Investors”).
Classes of Shares with the letter “X” in their denomination may be offered to Institutional Investors only subject to the prior conclusion of a special individual agreement between the Shareholder and the Management Company. The Management Company may, at its own discretion, decide whether to approve the individual agreement and how any special individual agreement is to be structured. Notwithstanding the above, the Class of Shares with the
- ORGANISATION (continued)The Shares (continued)letter “X” in its denomination offered in the Credit Opportunities Sub-Fund shall be dedicated to the CAVEC (Caisse d'assurance vieillesse des experts-comptables et des commissaires aux comptes).

Classes of Shares with the letter “F” in their denomination may be offered to all investors. The Company will automatically and definitely cease to issue an “F” Class of Shares once the assets under management of such relevant Class of Shares reach EUR 100 million or, in any case, 6 months after the launch the relevant Class of Shares.
Classes of Shares with the letters “oN”, together or separately, in their denomination may be offered only to clients of the private banking division of ODDO BHF AG benefiting from portfolio management or investment advisory services provided by a company of the ODDO BHF Group (in particular ODDO BHF Trust GmbH).
Classes of Shares with the letter “S” in their denomination may be acquired by any type of investors (i.e. retail and Institutional Investors) solely at the discretion of the Management Company.
Shares may be denominated in different currencies. The term “EUR” refers to the single currency of the European Union Member States that belong to the Economic and Monetary Union, the Euro. The term “USD” refers to the currency of the United States of America, the U.S. dollar. The term “CHF” refers to the currency of Switzerland, the Swiss franc. The term “GBP” refers to the currency of the United Kingdom, the British pound. The term “SEK” refers to the currency of Sweden, the Swedish crown.
Classes of Shares followed by [H] are hedged against the Reference Currency of the respective Sub-Fund (subject to any specific rule provided for a particular Sub-Fund) or when the hedged Class of Shares is denominated in the same Reference Currency than the Sub-Fund, the Company will hedge these Class of Shares against the currency risk arising from assets that are not denominated in the Reference Currency of the Sub-Fund. The characteristics of the hedged Classes of Shares remain unchanged with the exception that the costs in relation to the hedging shall be borne by such Classes. The Net Asset Value of all the Classes of Shares of a Sub-Fund may be affected by such hedging transaction.
Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.
Payments for subscriptions of Classes of Shares with the letter “I” or “P”, Classes of Shares “GC” and “X” Shares in each Sub-Fund shall be made in the Reference Currency of the relevant Sub-Fund or in any other currency specified by the investor (in which case any currency conversion cost shall be borne by the investor).
General Information
The annual general meeting takes place at the registered office of the Company or at such other place in the Grand-Duchy of Luxembourg as may be specified in the notice of meeting on the first Friday in the month of March at 10.00 a.m. If such day is a legal or a bank holiday in Luxembourg, the annual general meeting shall be held on the next following business day. All shares in the Company are in registered form. Notices of all general meetings are sent to the Shareholders at their addresses in the register of Shareholders at least eight days prior to the meeting. Such notices include the agenda, specify the time and place of the meeting and the conditions of admission and refer to the requirements of the amended Luxembourg law of 10 August 1915 on Commercial Companies with regard to the necessary quorum and majorities required for the meeting.
The accounting year of the Company commences on the 1 November of each year and terminates on the 31 October of the following year.
- 
###### SIGNIFICANT ACCOUNTING POLICIES
	- G
	- ENERALThese financial statements are prepared in accordance with generally accepted accounting principles in the Grand Duchy of Luxembourg applicable to UCITS (Undertakings for Collective Investment in Transferable Securities).


All figures disclosed in the financial statements are reported without decimals. As a result, small rounding differences may occur.
- I
- NVESTMENT VALUATIONThe value of transferable securities, money market instruments and any financial assets listed or dealt in on a stock exchange or on a regulated market, or any other regulated market, are generally valued at the last available known price in the relevant market prior to the time of valuation. Fixed income securities not traded on such markets are generally valued at the last available price or yield equivalents obtained from one or more dealers or pricing services approved by the Board of Directors of the Company; if such prices are not representative of their value, such assets are stated at the fair value at which it is expected they may be resold, as determined in good faith by or under the direction of the Board of Directors of the Company.

All other transferable securities, money market instruments and any financial assets, including equity and debt securities, for which prices are supplied by a pricing agent but are not deemed to be representative of market value, are valued at fair value as determined by whom in good faith pursuant to procedures established by the Board of Directors of the Company.
Money market instruments with a remaining maturity of one year or less are valued by the amortized cost method, which approximates the market value.
- C
- ONVERSION OF FOREIGN CURRENCIESThe books and records of each Sub-Fund are denominated in the base currency of the corresponding Sub-Fund. Amounts denominated in other currencies are translated into the base currency on the following basis: (i) investment valuations and other assets and liabilities initially expressed in other currencies are converted each business day into the base currency on exchange rates prevailing on each business day; (ii) purchases and sales of foreign investments, income and expenses are converted into the base currency using currency exchange rates prevailing on the respective dates of such transactions.

Net realised gains and losses on foreign exchange represent: (i) foreign exchange gains and losses from the sale and holding of foreign currencies; (ii) gains and losses between trade date and settlement date on securities or derivatives transactions; (iii) gains and losses arising from the difference between amounts of dividends and interest or other income, respectively expenses recorded and the amounts actually received, respectively paid.
The resulting gains and losses on foreign exchange transactions are included in the Statement of Operations and Changes in Net Assets.
The reference currency of the combined statements is EUR. The combined statements are the sum of the statements of each Sub-Fund.
The exchange rates applied as at 31 October 2021 are as follows:
| 1 EUR = 1.54075 AUD | 1 EUR = 7.43925 DKK | 1 EUR = 9.7895 NOK | 1 EUR = 32.1814 TWD |
| --- | --- | --- | --- |
| 1 EUR = 1.43445 CAD | 1 EUR = 0.84425 GBP | 1 EUR = 4.61355 PLN | 1 EUR = 1.15725 USD |
| 1 EUR = 1.0574 CHF | 1 EUR = 9.0023 HKD | 1 EUR = 9.939 SEK |  |
| 1 EUR = 7.4095 CNH | 1 EUR = 131.95545 JPY | 1 EUR = 1.56055 SGD |  |
| 1 EUR = 7.4056 CNY | 1 EUR = 1,352.3045 KRW | 1 EUR = 38.40045 THB |  |

2. SIGNIFICANT ACCOUNTING POLICIES (continued)
- S
- ECURITIES TRANSACTIONS AND INVESTMENT INCOMESecurities transactions are recorded on a trade date basis. Dividend income is accrued on the ex-dividend date, net of withholding tax. Interest income is recorded on an accrual basis and disclosed net of withholding taxes, if any. Dividends and interest received by the Company on its investments may be subject to non-recoverable withholding or other taxes in the countries of origin. Net realised gains/losses on sales of investment are determined on the basis of the average cost of securities sold.
- F
- ORWARD 
- C
- URRENCY EXCHANGE CONTRACTS
- , 
- FINANCIAL FUTURES CONTRACTS
- , 
- OPTIONS CONTRACTS AND SWAP CONTRACTSThe Company enters into forward currency exchange contracts, financial futures contracts, option contracts and swap contracts which, to varying degrees, represent a market risk in excess of the amount reflected on the Statement of Net Assets. The amount of the contracts represents the extent of the Company’s participation in these financial instruments. Market risks associated with such contracts arise due to the possible movements in foreign exchange rates, indices, interest rates and security values underlying these instruments.

Other market and credit risks include the possibility that there may be an illiquid market for the contracts, that a change in the value of the contracts may not directly correlate with changes in the value of underlying currencies, indices, or securities, or that the counterparty to a contract defaults on its obligation to perform under the terms of the contract.
Forward currency exchange contracts
A forward currency exchange contract is an agreement to buy or sell a specific amount of foreign currency at a certain date, on or before a certain date. Outstanding forward currency exchange contracts are valued on 31 October 2021, by reference to the forward rate of exchange applicable to the maturity of the contracts. The net unrealised gain or loss is shown in the Statement of Net Assets under “Net unrealised gain on forward currency exchange contracts” or “Net unrealised loss on forward currency exchange contracts”. Net realised gains and losses and the change in Net unrealised appreciation/(depreciation) are included in the Statement of Operations and Changes in Net Assets respectively under “Net Realised gain/(loss) on Forward currency exchange contracts” and “Movement in net unrealised appreciation/(depreciation) on Forward currency exchange contracts”.
Financial futures contracts
A financial futures contract is an agreement to buy or sell a standard amount of a financial instrument at a final price and a fixed future date. Financial futures contracts are valued on 31 October 2021, which reflects the latest available price at close of business. The net unrealised gain or loss is shown in the Statement of Net Assets under “Net unrealised gain on financial futures contracts” or “Net unrealised loss on financial futures contracts”. Net realised gains and losses and the change in net unrealised appreciation/(depreciation) are included in the Statement of Operations and Changes in Net Assets respectively under “Net realised gain/(loss) on Financial futures contracts” and “Movement in net unrealised appreciation/(depreciation) on Financial futures contracts”.
Options contracts
Options contracts are contractual agreements that convey the right, but not the obligation, for the purchaser either to buy or sell a specific amount of a financial instrument at a fixed price, either at a fixed future date or at any time within a specified period. Options contracts are valued on 31 October 2021 and the market value is shown in the Statement of Net Assets under “Options contracts purchased at market value ” under Assets. Written option contracts are valued on 31 October 2021, and the market value and the cost are shown in the Statement of Net Assets under “Options contracts sold at market value” under Liabilities. Net realised gains and losses and the change in net unrealised appreciation/(depreciation) are included in the Statement of Operations and Changes in Net Assets respectively under “Net realised gain/(loss) on Options contracts” and “Movement in net unrealised appreciation/(depreciation)  on  Options  contracts”.  There  is  no  outstanding  options  contract  as  at 31 October 2021.
Swaptions
The Company may use options on swaps (“swaptions”). A swaption is an option granting its owner the right but not the obligation to enter into an underlying swap. There is no outstanding swaption as at 31 October 2021.
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
- F
- ORWARD 
- C
- URRENCY EXCHANGE CONTRACTS
- , 
- FINANCIAL FUTURES CONTRACTS
- , 
- OPTION CONTRACTS AND SWAP CONTRACTS 
- (
- CONTINUED
- )Interest rate swapsAn interest rate swap is a bilateral agreement in which each of the parties agree to exchange a series of interest payments (usually fixed/floating) based on a notional amount that serves as a computation basis and that is usually not exchanged. Interest rate swaps are valued at their market value. The valuation method involve a current value of each interest rate and capital series converted into the currency of the Company on the closing date. There is no outstanding interest rate swap as at 31 October 2021.

Credit default swaps
A credit default swap is a credit derivate transaction in which two parties enter into an agreement, whereby one party pays the other a periodic payment for the specified life of the agreement. The other party makes no payment unless a credit event, relating to a predetermined reference asset, occurs. If such an event occurs, the party will then make a payment to the first party, and the swap will terminate. Credit default swaps are valued at their market value. The valuation method involves the current value of the interest rate series and the current value of the credit spread traded on the market converted into the currency of the Company on the closing date. The result of these revaluations is shown in the Statement of Net Assets under “Net unrealised gain on swaps” or “Net unrealised loss on swaps”. Net realised gains or losses and the change in net unrealised appreciation/(depreciation) are included in the Statement of Operations and Changes in Net Assets respectively under “Net realised gain/(loss) on Swap contracts” and “Movement in net unrealised appreciation/(depreciation) on Swap contracts”.
Total return swaps
A total return swap is a transaction in which the buyer receives the performance of an underlying asset and in return the buyer pays funding costs and generally, an arrangement fee. The underlying asset may be, but not limited to, a specific security, basket of securities, other instruments and index. Total Return Swap contracts are valued by reference to the mark to market value based on the market value of the underlying asset. The net unrealised gain or loss is shown in the Statement of Net Assets under “Unrealised gain on swaps” or “Unrealised loss on swaps”. Net realised gains or losses and the change in net unrealised appreciation/(depreciation) are included in the Statement of Operations and Changes in Net Assets respectively under “Net Realised gain/(loss) on Swap contracts” and “Movement in net unrealised appreciation/(depreciation) on Swap contracts”. There is no outstanding total return swap as at 31 October 2021.
- R
- EPURCHASE 
- / R
- EVERSE 
- R
- EPURCHASE AGREEMENTSRepurchase agreements are equivalent to securities lending and guaranteed by underlying assets, presented in the securities portfolio of the Sub-Fund, which remains exposed to market risk. Reverse Repurchase agreements are equivalent to taking in securities. In this case, the Sub-Fund is not subject to the risk of an impairment loss for the underlying assets. The Repurchase/Reverse Repurchase agreements are respectively considered as borrowing and lending for the amount of cash received and/or paid.

Borrowings under the Repurchase agreements are recorded in the Statement of Net Assets at nominal value under the caption “Repurchase agreements”, increased or decreased by accrued interests and expenses which are presented in the Statement of Operations and Changes in Net Assets as “Interest on repurchase agreements” and “Expenses on repurchase agreements”. Please refer to note 9 for the details of the outstanding Repurchase agreements.
- TRANSACTION COSTSThe transaction costs are costs incurred by the Sub-Funds in connection with transactions on securities and on financial futures contracts. They consist of commissions and taxes relating to these transactions.

There are no brokerage fees charged separately for transactions on fixed income instruments and derivatives (except for financial futures contracts and options contracts). These transaction costs are included in the transaction price, which is known as “marked up”. Transaction costs are recorded in the Statement of Operations and Changes in Net Assets under “Transaction costs”.
2. SIGNIFICANT ACCOUNTING POLICIES (continued)
- INCOME EQUALISATIONThe Company applies a so-called income equalisation procedure for the share classes of the Sub-Funds. This means that the proportional income and net realised capital gains/losses accruing during the financial year which the acquirer of shares must pay as part of the subscription price and which the seller of shares receives as payment as part of the redemption price is continuously netted. The expenses incurred are accounted for in the calculation of the income equalisation procedure.

The income equalisation procedure serves to adjust fluctuations in the relationship between income and net realised capital gains/losses on the one hand and other assets on the other hand, that are caused through net inflows or outflows due to the issue or redemption of shares. Otherwise, every net inflow of capital would reduce the share of income and net realised capital gains/losses on the net asset value of a Sub-Fund and each outflow would increase it. As at 31 October 2021, there is no “Income Equalisation” recorded in the Statement of Operations and Changes in Net Assets
.

###### 3. INVESTMENT MANAGEMENT FEE
The Management Company is paid, out of the assets of each of the Sub-Funds, an Investment Management fee, equal to a percentage per annum of the daily net asset value of each class of shares within each Sub-Fund and payable quarterly in arrears. The Management Company is responsible for paying the remuneration due to any Investment Manager out of its fees.
The Investment Management fees rates p.a.:
| Sub-Funds | I Shares | Iw Shares | R Shares | Rw Shares | N Shares | N Shares GBP | Nw Shares |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sustainable Euro Corporate Bond | 0.45% | - | 0.90% | - | 0.65% | - | - |
| Euro High Yield Bond | 0.70% | - | 1.40% | - | 1.00% | - | - |
| Euro Credit Short Duration | 0.50% | - | 0.80% | - | 0.60% | 0.54% | - |
| Algo Trend Eurozone | 0.60% | 0.75% | 1.40% | 1.60% | 0.90% | - | 0.75% |
| Convertibles Global | 0.70% | - | 1.40% | - | 1.05% | - | - |
| Objectifs Revenus | 0.50% | - | - | - | - | - | - |
| Sustainable Credit Opportunities | 0.50% | 0.75% | 1.00% | 1.20% | 0.70% | - | 0.75% |
| Global Credit Short Duration | 0.55% | 0.65% | 0.90% | 1.00% | 0.60% | - | 0.70% |
| Algo Trend US | 0.60% | 0.70% | 1.20% | 1.40% | 0.75% | - | - |
| Millennials | 0.80% | 0.95% | 1.60% | 1.90% | 0.95% | - | 1.10% |
| Artificial Intelligence | 0.80% | 0.95% | 1.60% | 1.90% | 0.95% | - | 1.10% |
| Green Planet | 0.80% | 0.95% | 1.60% | 1.90% | 0.95% | - | 1.10% |
| Polaris Moderate F | - | - | 0.55% (1) | - | 0.40% (1) | - | - |
| Polaris Balanced F | - | - | 0.70% (1) | - | 0.55% (1) | - | - |
| Polaris Flexible F | - | - | 0.80% (1) | - | 0.50% (1) | - | - |

(1)The sub-fund was launched with effective date on 4 October 2021. No investment management fee applied since the launch of these shares classes.
3. INVESTMENT MANAGEMENT FEE (continued)
| Sub-Funds	P Shares		Pw		oN Shares	Shares | DP15 Shares EUR | GC	Xw Shares	Shares	F Shares |
| --- | --- | --- |
| Sustainable Euro Corporate Bond | 0.30% | - | 0.65% | - | 0.45% | - | - |
| Euro High Yield Bond | 0.45% | - |  | 0.60% | 0.70% | - | - |
| Euro Credit Short Duration | 0.40% | - |  | - | 0.50% | - | - |
| Algo Trend Eurozone | - | - |  | - | - | - | - |
| Convertibles Global | - | - |  | - | 0.70% | - | - |
| Objectifs Revenus | - | - |  | - | 0.50% | - | - |
| Sustainable Credit Opportunities | 0.40% | 0.65% |  | - | 0.50% | 0.50% (2) | - |
| Global Credit Short Duration | 0.45% | 0.55% |  | - | - | - | 0.25% |
| Algo Trend US | 0.45% | - |  | - | - | - | - |
| Millennials | - | - |  | - | - | - | - |
| Artificial Intelligence | 0.50% | - |  | - | - | - | - |
| Green Planet | - | 0.50% |  | - | - | - | - |
| Polaris Moderate F | - | - |  | - | - | - | - |
| Polaris Balanced F | - | - |  | - | - | - | - |
| Polaris Flexible F | - | - |  | - | - | - | - |

(2)Since the launch of this shares class, the investment management rate applied is 0.42% p.a..

###### 4. PERFORMANCE FEE
In addition to the above investment management fee mentioned in Note 3, the Management Company may be paid on an annual basis in arrears, out of the assets of one Sub-Fund a Performance-related fee (the “Performance Fee”).
For the financial year ended 31 October 2021, the Sub-Fund Algo Trend Eurozone subject to a Performance Fee of maximum 10% - inclusive of taxes - of the Sub-Fund's outperformance relative to the benchmark, the EURO STOXX (Net Return), dividend reinvested (SXXT Index), provided that the Sub-Fund's performance, during the Performance Period, is positive.
The Sub-Fund Sustainable Credit Opportunities (formerly Credit Opportunities) pays a Performance Fee of maximum 10% - inclusive of taxes- of the Sub-Fund’s outperformance relative to the EONIA index +3% (capitalised), provided that the Sub-Fund’s performance, during the Performance Period, is positive and being noted that Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.
The Sub-Fund Global Credit Short Duration pays a Performance Fee of maximum 10% - inclusive of taxes- of the Sub-Fund’s outperformance relative to the benchmark, the EONIA index +1.5% (capitalised), provided that the Sub-Fund’s performance, during the Performance Period, is positive and being noted that Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.
The Sub-Fund Algo Trend US pays a Performance Fee of maximum 10% - inclusive of taxes - of the Sub-Fund’s outperformance relative to the benchmark, the S&P 500 NR (Net Return), provided that the Sub-Fund’s performance, during the Performance Period, is positive and being noted that Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.
The Sub-Fund Millennials pays a Performance Fee of maximum 20% - inclusive of taxes- of the Sub-Fund’s outperformance relative to the benchmark, the MSCI AC World Daily Total Return Net USD (capitalised), provided that the Sub-Fund’s performance, during the Performance Period, is positive and being noted that Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.
- PERFORMANCE FEE (continued)The Sub-Fund Artificial Intelligence pays a Performance Fee of maximum 20% - inclusive of taxes - of the Sub- Fund’s outperformance relative to the benchmark, the MSCI World NR USD, provided that the Sub-Fund’s performance, during the Performance Period, is positive and being noted that Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.

The Sub-Fund Green Planet pays a Performance Fee of maximum 20% - inclusive of taxes - of the Sub-Fund’s outperformance relative to the benchmark, the MSCI ACWI NR USD Index, provided that the Sub-Fund’s performance, during the Performance Period, is positive and being noted that Classes of Shares with the letter “w” in their denomination are Classes of Shares without performance fees.
A Performance Fee of EUR 468,853 was paid and due for the financial year ended 31 October 2021.
The Management Company shall be responsible for paying the remuneration due to any Investment Manager out of its fee. Rebates on the investment management fee may be granted by the Management Company to certain distributors and/or investors.
- 
###### DEPOSITARY, DOMICILIARY, ADMINISTRATIVE AND TRANSFER AGENCY FEES

The Depositary and the Central Administration Agent are paid by the Company in accordance with usual market practice.
The Central Administration Agent and the Depositary are entitled to receive a fee of 0.045% p.a. calculated monthly as a percentage of the Net Asset Value of each Class of Shares within each Sub-Fund and payable monthly in arrears. These percentage figures also include the transaction fees on portfolio transactions charged by the Depositary and its correspondents.
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###### DIVIDENDS

The Board of Directors of the Company resolved to distribute for the financial year ended 31 October 2021 the following dividends:
Sub-Fund	Distribution Share class Dividend per Share
Ex-date	Pay-date
Sustainable Euro Corporate Bond	I Shares EUR	EUR	0.1118	25 November 2020	30 November 2020 (Formerly Euro Corporate Bond)
Sustainable Euro Corporate Bond	P Shares EUR	EUR	0.1202	25 November 2020	30 November 2020 (Formerly Euro Corporate Bond)
Sustainable Euro Corporate Bond (Formerly Euro Corporate Bond)
R Shares EUR	EUR	0.4495	25 November 2020	30 November 2020
Euro Credit Short Duration	I Shares EUR	EUR	25.8160	25 November 2020	30 November 2020
Euro Credit Short Duration	P Shares EUR	EUR	0.2397	25 November 2020	30 November 2020
Euro Credit Short Duration	R Shares EUR	EUR	0.1675	25 November 2020	30 November 2020
Euro High Yield Bond	DP15 Shares EUR	EUR	0.3537	25 November 2020	30 November 2020
Euro High Yield Bond	I Shares EUR	EUR	0.3355	25 November 2020	30 November 2020
Euro High Yield Bond	P Shares EUR	EUR	0.3709	25 November 2020	30 November 2020
Euro High Yield Bond	R Shares EUR	EUR	0.2246	25 November 2020	30 November 2020
Objectifs Revenus	I Shares EUR	EUR	49.5121	18 December 2020	22 December 2020
Objectifs Revenus	I Shares EUR	EUR	9.8710	19 March 2021	23 March 2021
Objectifs Revenus	I Shares EUR	EUR	1.9709	18 June 2021	18 June 2021
Objectifs Revenus	I Shares EUR	EUR	39.2881	24 September 2021	28 September 2021
Global Credit Short Duration	Pw Shares EUR	EUR	32.1231	25 November 2020	30 November 2020
Artificial Inteligence	R Shares USD	USD	5.5400	25 November 2020	30 November 2020
| I Shares EUR | EUR | 9.4358 | 25 November 2020 | 30 November 2020 |
| --- | --- | --- | --- | --- |
| R Shares EUR | EUR | 0.9300 | 25 November 2020 | 30 November 2020 |

Artificial Inteligence	I shares USD	USD	5.6600	25 November 2020	30 November 2020 Sustainable Credit Opportunities
(formerly Credit Opportunities) Sustainable Credit Opportunities (formerly Credit Opportunities)
- 
###### TAXATION
	- T
	- AXE D
	- ’
	- ABONNEMENTThe Company is not liable to any Luxembourg tax on profits or income, nor are distributions paid by the Company liable to any Luxembourg withholding tax. The Company is, however, liable in Luxembourg to a subscription tax (“taxe d’abonnement”) of 0.05% per annum of its net asset value, such tax being payable quarterly on the basis of the value of the aggregate net assets of the Sub-Funds at the end of the relevant calendar quarter. This rate is however of 0.01% per annum for individual compartments of UCIs (undertakings for collective investment) with multiple compartments referred to in the 2010 Law, as well as for individual classes of shares issued within a UCI or within a compartment of a UCI with multiple compartments, provided that the securities of such compartments or classes are reserved to one or more institutional investors.


No stamp duty or other tax is payable in Luxembourg on the issue of shares. No Luxembourg tax is payable on the realised capital appreciation of the assets of the Company.
- P
- ROVISION FOR FOREIGN TAXESCapital gains, dividends and interest on securities received from other countries may be subject to withholding or capital gains taxes imposed by such countries. It is the Company’s policy to provide for any potential liability to foreign capital gains and income taxes.
- 
###### TRAILER FEES AND REBATES

As part of marketing the Company in Switzerland, reimbursements may be made from the investment management fees received – in accordance with the SFAMA (Swiss Funds & Asset Management Association) definition – to the following institutional shareholders owning Company’s shares for economic third parties:
- Life insurance companies,
- Pension funds and other similar institutions,
- Investment funds,
- Swiss fund management companies,
- Foreign fund management companies and providers,
- Investment companies.

As part of marketing the Company in Switzerland, trailers fees may also be paid from the investment management fees received – in accordance with the SFAMA definition – to the following distributors and partners:
- authorised distributors and distributors exempted from the authorisation requirement,
- sales partners or distributors placing the Company’s shares exclusively with institutional investors with professional treasury facilities,
- sales partners or distributors placing the Company’s shares exclusively with their clients remunerated discretionary on the basis of a written asset management mandate.

There were no trailer fees and rebates during the year ended 31 October 2021.
- 
###### REPURCHASE AGREEMENTS

As at 31 October 2021, the following Sub-Funds entered into Repurchase agreements contracts:
Euro High Yield Bond
| Currency | Quantity | Maturity | Description | Market value in EUR |
| --- | --- | --- | --- | --- |
| EUR | 206,000 | 30/09/26 | ALMIRALL SA | 207,531 |
| EUR | 2,000,000 | 15/01/28 | ALTICE FINCO SA | 1,898,820 |
| EUR | 900,000 | 15/02/28 | ALTICE FRANCE HOLDIN | 842,126 |
| EUR | 500,000 | 31/07/25 | AMS AG | 529,538 |
| EUR | 500,000 | 30/11/28 | BCP V MODULAR SERVIC | 500,268 |
| EUR | 732,000 | 15/05/26 | CHEMOURS CO | 740,908 |
| EUR | 600,000 | 01/04/28 | CIDRON AIDA FINCO SA | 591,774 |
| EUR | 603,000 | 15/01/26 | CMA CGM | 663,951 |
| EUR | 744,000 | 15/01/26 | CMA CGM | 819,204 |
| EUR | 119,000 | 15/04/26 | CT INVESTMENT GMBH | 121,181 |
| EUR | 100,000 | 15/02/27 | EIRCOM FINANCE | 98,699 |
| EUR | 657,000 | 14/05/27 | GOLDEN GOOSE S.P.A. | 652,427 |
| EUR | 822,000 | 15/10/26 | HSE FINANCE S.A R.L. | 845,723 |
| EUR | 1,000,000 | 15/10/26 | HSE FINANCE S.A R.L. | 1,015,400 |
| EUR | 400,000 | 30/07/26 | IDEAL STANDARD INTER | 375,266 |
| EUR | 770,000 | 15/11/27 | MATTERHORN TELECOM | 782,439 |
| EUR | 434,000 | 01/10/26 | MAXEDA DIY HOLDING B | 438,444 |
| EUR | 820,000 | 15/06/28 | NOBEL BIDCO | 790,361 |
| EUR | 1,000,000 | 15/06/28 | NOBEL BIDCO | 963,855 |
| EUR | 600,000 | 20/07/27 | PARTS EUROPE SA | 601,371 |
| EUR | 499,000 | 15/04/26 | PCF GMBH | 508,676 |
| EUR | 1,200,000 | 01/07/27 | PICARD BONDCO SA | 1,185,600 |
| EUR | 800,000 | 01/07/27 | PICARD BONDCO SA | 790,400 |
| EUR | 500,000 | 01/04/28 | RENAULT SA | 501,250 |
| EUR | 299,000 | 30/10/25 | ROSSINI SARL | 299,635 |
| EUR | 300,000 | 15/04/26 | SAPPI PAPIER HOLDING | 303,158 |
| EUR | 182,000 | 01/07/25 | SYNTHOMER PLC | 187,292 |
| EUR | 266,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 269,945 |
| EUR | 449,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 447 024 |
| EUR | 897,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 893,053 |
| EUR | 103,000 | 03/10/78 | VODAFONE GROUP | 114,946 |
| EUR | 400,000 | 06/05/27 | ZF FINANCE GMBH | 400,764 |
| EUR | 278,000 | 28/02/30 | ZIGGO BOND COMPANY | 274,410 |

Euro Credit Short Duration
| Currency | Quantity | Maturity | Description | Market value in EUR |
| --- | --- | --- | --- | --- |
| EUR | 588,000 | 30/09/26 | ALMIRALL SA | 592,369 |
| EUR | 233,000 | 31/07/25 | AMS AG | 246,764 |
| EUR | 1,350,000 | 19/05/23 | ARCELORMITTAL | 1,368,212 |
| EUR | 700,000 | 19/11/25 | ARCELORMITTAL SA | 732,435 |
| EUR | 300,000 | 15/04/26 | CT INVESTMENT GMBH | 305,498 |
| EUR | 329,000 | 15/04/26 | CT INVESTMENT GMBH | 335,029 |

9. REPURCHASE AGREEMENTS (continued)
Euro Credit Short Duration 
(continued)
| Currency | Quantity | Maturity | Description | Market value in EUR |
| --- | --- | --- | --- | --- |
| EUR | 352,000 | 13/09/23 | DOMETIC GROUP AB | 367,972 |
| EUR | 927,000 | 13/09/23 | DOMETIC GROUP AB | 969,063 |
| EUR | 772,000 | 13/09/23 | DOMETIC GROUP AB | 807,030 |
| EUR | 300,000 | 13/09/23 | DOMETIC GROUP AB | 313,613 |
| EUR | 302,000 | 13/09/23 | DOMETIC GROUP AB | 315,703 |
| EUR | 670,000 | 13/09/23 | DOMETIC GROUP AB | 700,401 |
| EUR | 1,849,000 | 01/11/24 | EIRCOM FINANCE | 1,854,492 |
| EUR | 300,000 | 01/11/24 | EIRCOM FINANCE | 300,891 |
| EUR | 600,000 | 11/05/23 | FCE BANK PLC | 611,892 |
| EUR | 542,000 | 30/05/24 | FNAC DARTY SA | 545,924 |
| EUR | 200,000 | 30/05/24 | FNAC DARTY SA | 201,448 |
| EUR | 200,000 | 15/07/25 | GAMMA BIDCO S.P.A. | 201,714 |
| EUR | 600,000 | 01/03/26 | GOLDSTORY SAS | 617,439 |
| EUR | 200,000 | 01/05/25 | GRIFOLS SA | 200,644 |
| EUR | 347,000 | 15/10/26 | HSE FINANCE S.A R.L. | 357,014 |
| EUR | 200,000 | 30/07/26 | IDEAL STANDARD INTER | 187,633 |
| EUR | 700,000 | 20/06/22 | K S REGS | 710,640 |
| EUR | 1,000,000 | 06/12/21 | K S REGS | 1,003,355 |
| EUR | 564,000 | 15/09/24 | MATTERHORN TELECOM | 566,933 |
| EUR | 200,000 | 15/09/24 | MATTERHORN TELECOM | 201,040 |
| EUR | 730,000 | 15/09/24 | MATTERHORN TELECOM | 733,796 |
| EUR | 1,200,000 | 28/04/23 | MOL HUNGARIAN OIL | 1,246,050 |
| EUR | 1,900,000 | 08/08/23 | NEXANS SA | 1,994,221 |
| EUR | 300,000 | 08/08/23 | NEXANS SA | 314,877 |
| EUR | 800,000 | 08/08/23 | NEXANS SA | 839,672 |
| EUR | 1,100,000 | 31/10/24 | NEXI SPA | 1,119,668 |
| EUR | 607,000 | 15/07/26 | NOBIAN FINANCE B.V. | 589,707 |
| EUR | 700,000 | 18/07/22 | OTE PLC | 712,670 |
| EUR | 266,000 | 15/04/26 | PCF GMBH | 271,158 |
| EUR | 200,000 | 15/04/26 | PCF GMBH | 203,878 |
| EUR | 792,000 | 15/04/26 | PCF GMBH | 807,357 |
| EUR | 100,000 | 05/08/26 | PHOENIX PIB DUTCH FI | 102,831 |
| EUR | 300,000 | 05/08/26 | PHOENIX PIB DUTCH FI | 308,493 |
| EUR | 223,000 | 30/10/25 | ROSSINI SARL | 223,474 |
| EUR | 2,471,000 | 26/03/22 | SCHAEFFLER AG | 2,478,858 |
| EUR | 600,000 | 22/03/24 | SPIE SA | 627,981 |
| EUR | 940,000 | 01/07/25 | SYNTHOMER PLC | 967,331 |
| EUR | 322,000 | 01/07/25 | SYNTHOMER PLC | 331,362 |
| EUR | 812,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 824,042 |
| EUR | 100,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 101,483 |
| EUR | 560,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 557,536 |
| EUR | 1,120,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 1,115,072 |

- REPURCHASE AGREEMENTS (continued)Global Credit Short Duration

| Currency | Quantity | Maturity | Description | Market value in EUR |
| --- | --- | --- | --- | --- |
| EUR | 233,000 | 31/07/25 | AMS AG | 246,764 |
| EUR | 115,000 | 13/09/23 | DOMETIC GROUP AB | 120,218 |
| EUR | 151,000 | 01/11/24 | EIRCOM FINANCE | 151,448 |
| EUR | 434,000 | 22/11/24 | GAZ CAPITAL | 451,753 |
| EUR | 109,000 | 15/09/24 | MATTERHORN TELECOM | 109,567 |
| EUR | 153,000 | 15/09/24 | MATTERHORN TELECOM | 153,796 |
| EUR | 101,000 | 15/04/26 | PCF GMBH | 102,958 |
| EUR | 100,000 | 05/08/26 | PHOENIX PIB DUTCH FI | 102,831 |
| EUR | 100,000 | 22/03/24 | SPIE SA | 104,664 |
| EUR | 157,000 | 01/07/25 | SYNTHOMER PLC | 161,565 |
| EUR | 100,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 101,483 |

ODDO BHF SCA is the counterparty for repurchase agreements transactions.
- 
###### STATEMENT OF CHANGES IN PORTFOLIO

A statement giving the changes in the portfolio of investments for the year ended 31 October 2021 can be obtained free of charge from the registered office of the Company as well as the Company’s Paying and Information Agents.
- 
###### RELATED PARTY

During the financial year ended 31 October 2021, the Company invested its assets in the units of other investment funds promoted by Oddo BHF Asset Management S.A.S.. As the Company intends to invest in other target investment funds, there may be duplication of management, subscription, redemption and conversion fees for Sub-Funds investing in them. The Company will endeavour to ensure that the minimum level of underlying fees be applicable to the Sub-Fund when investing in target investment funds.
A management fee of 0.04% p.a. is charged to the Sub-Fund Oddo BHF Jour CR-EUR in which the Sub-Fund ODDO BHF Objectifs Revenus invests as at 31 October 2021.
A management fee of 0.40% p.a. is charged to the Sub-Fund Oddo BHF Euro Short Term BD CR EUR CAP in which the Sub-Fund ODDO BHF Objectifs Revenus invests as at 31 October 2021.
The Directors for their services to the Company, do not receive any customary fees for the year ended 31 October 2021.
- 
###### PROFESSIONAL FEES

The item “Professional fees” in the Statement of Operations and Changes in Net Assets is composed of CSSF (Commission de Surveillance du Secteur Financier) fees, Audit fees, Registration fees, Professional charges, FINMA (Autorité Fédérale de Surveillance des Marchés Financiers) fees and other legal fees.
- 
###### SWING PRICING

If on any dealing day the aggregate transactions in units of all classes of a Sub-Fund result in a net increase or decrease of units which exceeds a threshold, the Net Asset Value of the relevant Sub-Fund may be adjusted by an amount which reflects the estimated dealing costs to be incurred by the Fund and the estimated bid/offer spread of the assets in which the Fund invests. The swing price policy is described in the prospectus.
- SWING PRICING (continued)The SICAV uses the partial swing methodology, with an adjustment coefficient called the swing factor.

For further and additional information, the investors can consult the swing pricing policy on the following website https://am.oddo-bhf.com (regulatory information part).
During the year under review, a swing factor was applied to some Net Asset Values of the following Sub-Funds: ODDO BHF Sustainable Euro Corporate Bond
ODDO BHF Euro High Yield Bond
ODDO BHF Global Credit Short Duration ODDO BHF Euro Credit Short Duration
As of 31 October 2021, no swing pricing factor was applied.
The shareholders are informed that the previous measure which was : the swing factor will normally not exceed 2% of the net asset value of the sub-fund unless exceptional market conditions occur, has been deleted and is not anymore applicable.
- 
###### MASTER / FEEDER

The Sub-Fund Polaris Moderate F is a feeder fund of the ODDO BHF Polaris Moderate (hereafter the “Master Fund”) and shall permanently invest from 85% to 100% of its net assets in units of the Master Fund and up to 15% in cash on ancillary basis.
The Sub-Fund Polaris Balanced F is a feeder fund of the ODDO BHF Exklusiv: Polaris Balanced (hereafter the “Master Fund”), the Master Fund being a sub-fund of ODDO BHF Exklusiv. The Sub-Fund shall permanently invest from 85% to 100% of its net assets in units of the Master Fund and up to 15% in cash on an ancillary basis.
The Sub-Fund Polaris Flexible F is a feeder fund of the ODDO BHF Polaris Flexible (hereafter the “Master Fund”) and shall permanently invest from 85% to 100% of its net assets in units of the Master Fund and up to 15% in cash on an ancillary basis.
The feeder compartments invest in the ID classes of their respective master funds as follows, as of 31 October 2021.
| Feeder sub-fund | Master Fund | % of class ID |
| --- | --- | --- |
| Polaris Moderate F | ODDO BHF Polaris Moderate | 0.00 |
| Polaris Balanced F | ODDO BHF Exklusiv: Polaris Balanced | 0.00 |
| Polaris Flexible F | ODDO BHF Polaris Flexible | 0.00 |

The investment strategies of the Master Funds are available in the information sheets of the corresponding sub-funds, in the prospectus of the Company.
As of 31 October 2021, all feeder and master fund fees are as follows:
| Feeder sub-fund | Total fees in EUR | % NAV 31.10.2021 |
| --- | --- | --- |
| Polaris Moderate F | 0.00 | 0.00 |
| Master Fund | Total fees in EUR | % NAV 31.10.2021 |
| ODDO BHF Polaris Moderate | 3,564,254.66 | 0.23 |

| 14. MASTER / FEEDER (continued) |  |
| --- | --- |
| Feeder sub-fund | Total fees in EUR | % NAV 31.10.2021 |  |
| Polaris Balanced F | 0.00 | 0.00 |  |
| Master Fund | Total fees in EUR | % NAV 31.10.2021 |  |
| ODDO BHF Exklusiv: Polaris Balanced | 985,280.11 | 0.10 |  |
| Feeder sub-fund | Total fees in EUR | % NAV 31.10.2021 |  |
| Polaris Flexible F | 0.00 | 0.00 |  |
| Master fund | Total fees in EUR | % NAV 31.10.2021 |  |
| ODDO BHF Polaris Flexible | 637,860.13 | 0.12 |  |
| 15. ERRONEOUS NAV |  |  |  |

Due to a double accounting of a forward exchange in the NAV as of end of October 2020 in the sub-fund ODDO BHF Convertibles Global, the NAV was undervalued of EUR 194,447.
Actually, the correct NAV is Euros 13,634,864.
|  | Net asset value per share as at 31.10.2020 |
| --- | --- |
| Share classes | Accurate NAV | Erroneous NAV |
| Net asset value in EUR | 13,634,864 | 13,440,417 |
| I Shares EUR - Capitalisation | 1,203.30 | 1,186.14 |
| R Shares EUR - Capitalisation | 116.88 | 115.21 |
| R Shares USD [H] - Capitalisation | 126.79 | 124.98 |
| GC Shares EUR - Capitalisation | 120.19 | 118.48 |
| N Shares EUR - Capitalisation | 103.64 | 102.17 |


###### 16. SUBSEQUENT EVENTS
Dividend distribution occurred in November and December 2021 :
Sub-Fund	Distribution Share class
Dividend per Share
Ex-date	Pay-date
| Sustainable Euro Corporate Bond	I Shares EUR | EUR | 0.1411 | 30 November 2021 | 3 December 2021 |
| --- | --- | --- | --- | --- |
| Sustainable Euro Corporate Bond	P Shares EUR | EUR | 0.1481 | 30 November 2021 | 3 December 2021 |
| Sustainable Euro Corporate Bond	R Shares EUR | EUR | 0.6848 | 30 November 2021 | 3 December 2021 |
| (formerly Euro Corporate Bond) |  |  |  |  |  |
| Euro Credit Short Duration | I Shares EUR | EUR | 24.3419 | 30 November 2021 | 3 December 2021 |
| Euro Credit Short Duration | P Shares EUR | EUR | 0.2262 | 30 November 2021 | 3 December 2021 |
| Euro Credit Short Duration | R Shares EUR | EUR | 0.2140 | 30 November 2021 | 3 December 2021 |
| Euro High Yield Bond | P15 Shares EUR | EUR | 0.3580 | 30 November 2021 | 3 December 2021 |
| Euro High Yield Bond | I Shares EUR | EUR | 0.3390 | 30 November 2021 | 3 December 2021 |
| Euro High Yield Bond | P Shares EUR | EUR | 0.3759 | 30 November 2021 | 3 December 2021 |
| Euro High Yield Bond | R Shares EUR | EUR | 0.2247 | 30 November 2021 | 3 December 2021 |
| Global Credit Short Duration | Pw Shares EUR | EUR | 29.9845 | 30 November 2021 | 3 December 2021 |
| Artificial Intelligence | P Shares EUR | EUR | 61.9228 | 30 November 2021 | 3 December 2021 |
| Artificial Intelligence | R shares USD | USD | 8.4505 | 30 November 2021 | 3 December 2021 |
| Artificial Intelligence | I Shares USD | USD | 8.6877 | 30 November 2021 | 3 December 2021 |

(formerly Euro Corporate Bond) (formerly Euro Corporate Bond)

###### 16. SUBSEQUENT EVENTS (CONTINUED)
| Distribution Share class	Dividend per	Ex-date | Pay-date |
| --- | --- |
| R Shares USD	USD	6.3085	30 November 2021	3 December 2021 |
| I Shares USD | USD | 63.8847 | 30 November 2021 | 3 December 2021 |
| I Shares EUR | EUR | 20.5862 | 30 November 2021 | 3 December 2021 |
| R Shares EUR | EUR | 1.15118 | 30 November 2021 | 3 December 2021 |
| I Shares EUR | EUR | 7.83114 | 20 December 2021 | 22 December 2021 |

Sub-Fund
Green Planet Green Planet
Sustainable Credit Opportunities (formerly Credit Opportunities) Sustainable Credit Opportunities (formerly Credit Opportunities) Objectifs Revenus
Share

### APPENDIX (unaudited)

###### APPENDIX 1
TOTAL EXPENSE RATIO
This ratio expresses the total of commissions and costs which are charged to the net assets of the Company (operational expenditure) on an ongoing basis, retrospectively for the last 12 months as a percentage of the net assets. The Total Expense Ratio (TER) was calculated according to the guidelines dated 16 May 2008 as amended on 20 April 2015 by the Swiss Fund and Asset Management Association (SFAMA). The transaction costs have not been included in the TER calculation.
TER for the year ended 31 October 2021
| Sub-Funds | Share Class | Code ISIN | TER without performance fees (in %) | Performance fees (in %) |
| --- | --- | --- | --- | --- |
| Euro Corporate Bond | I Shares EUR - Capitalisation | LU0145975065 | 0.53 | 0.00 |
| Euro Corporate Bond | I Shares EUR - Distribution | LU0145975149 | 0.52 | 0.00 |
| Euro Corporate Bond | R Shares EUR - Capitalisation | LU0145975222 | 1.01 | 0.00 |
| Euro Corporate Bond | N Shares EUR - Capitalisation | LU1752464104 | 0.77 | 0.00 |
| Euro Corporate Bond | oN Shares EUR – Capitalisation | LU2291339005 | 0.12 | 0.00 |
| Euro Corporate Bond | P Shares EUR - Distribution | LU0456625358 | 0.38 | 0.00 |
| Euro Corporate Bond | R Shares EUR - Distribution | LU1815136756 | 1.02 | 0.00 |
| Euro High Yield Bond | I Shares EUR - Capitalisation | LU0115288721 | 0.79 | 0.00 |
| Euro High Yield Bond | I Shares EUR - Distribution | LU0115293481 | 0.78 | 0.00 |
| Euro High Yield Bond | R Shares EUR - Capitalisation | LU0115290974 | 1.52 | 0.00 |
| Euro High Yield Bond | R Shares EUR - Distribution | LU0243919577 | 1.52 | 0.00 |
| Euro High Yield Bond | R Shares CHF [H] - Capitalisation | LU1486847319 | 1.53 | 0.00 |
| Euro High Yield Bond | N Shares EUR - Capitalisation | LU1486847152 | 1.12 | 0.00 |
| Euro High Yield Bond | P Shares EUR - Capitalisation | LU0456627131 | 0.53 | 0.00 |
| Euro High Yield Bond | P Shares EUR - Distribution | LU0456627214 | 0.53 | 0.00 |
| Euro High Yield Bond | DP15 Shares EUR - Distribution | LU0456627487 | 0.68 | 0.00 |
| Euro High Yield Bond | GC Shares EUR - Capitalisation | LU1551630038 | 0.83 | 0.00 |
| Euro Credit Short Duration | I Shares EUR - Capitalisation | LU0628638032 | 0.58 | 0.00 |
| Euro Credit Short Duration | I Shares EUR - Distribution | LU1486846261 | 0.59 | 0.00 |
| Euro Credit Short Duration | R Shares EUR - Capitalisation | LU1486845537 | 0.92 | 0.00 |
| Euro Credit Short Duration | R Shares EUR - Distribution | LU0628638974 | 0.70 | 0.00 |
| Euro Credit Short Duration | R Shares CHF [H] - Capitalisation | LU1486845701 | 0.92 | 0.00 |
| Euro Credit Short Duration | R Shares USD [H] - Capitalisation | LU1486845610 | 0.92 | 0.00 |
| Euro Credit Short Duration | N Shares EUR - Capitalisation | LU1486845883 | 0.72 | 0.00 |
| Euro Credit Short Duration | N Shares CHF [H] - Capitalisation | LU1486845966 | 0.72 | 0.00 |
| Euro Credit Short Duration | P Shares EUR - Capitalisation | LU0628638206 | 0.48 | 0.00 |
| Euro Credit Short Duration | P Shares EUR - Distribution | LU0628638388 | 0.48 | 0.00 |
| Euro Credit Short Duration | P Shares CHF [H] - Capitalisation | LU1486846428 | 0.48 | 0.00 |
| Euro Credit Short Duration | P Shares USD [H] - Capitalisation | LU1486846774 | 0.48 | 0.00 |
| Euro Credit Short Duration | GC Shares EUR - Capitalisation | LU1752464799 | 0.61 | 0.00 |
| Algo Trend Eurozone | I Shares EUR - Capitalisation | LU1361561365 | 0.72 | 0.00 |
| Algo Trend Eurozone | R Shares EUR - Capitalisation | LU1361561100 | 1.55 | 0.00 |
| Algo Trend Eurozone | Rw Shares EUR - Distribution | LU1361561282 | n/a | n/a |
| Algo Trend Eurozone | N Shares EUR - Capitalisation | LU1752465929 | 1.05 | 0.00 |
| Convertibles Global | I Shares EUR - Capitalisation | LU1493432618 | 0.81 | 0.00 |

| Sub-Funds | Share Class | Code ISIN | TER without performance fees (in %) | Performance fees (in %) |
| --- | --- | --- | --- | --- |
| Convertibles Global | N Shares EUR - Capitalisation | LU1752466141 | 1.17 | 0.00 |
| Convertibles Global | R Shares CHF - Capitalisation | LU1493433343 | 1.46 | 0.00 |
| Convertibles Global | R Shares EUR - Capitalisation | LU1493433004 | 1.55 | 0.00 |
| Convertibles Global | R Shares USD [H] - Capitalisation | LU1493433186 | 1.51 | 0.00 |
| Convertibles Global | GC Shares EUR - Capitalisation | LU1493433426 | 0.84 | 0.00 |
| Objectifs Revenus | I Shares EUR - Capitalisation | LU1493433699 | 0.59 | 0.00 |
| Objectifs Revenus | I Shares EUR - Distribution | LU1493433772 | 0.57 | 0.00 |
| Sustainable Credit Opportunities | I Shares EUR - Capitalisation | LU1752459799 | 0.58 | 0.11 |
| Sustainable Credit Opportunities | I Shares EUR - Distribution | LU1785344166 | 0.58 | 0.15 |
| Sustainable Credit Opportunities | I Shares CHF - Capitalisation | LU2270288314 | 0.52 | 0.00 |
| Sustainable Credit Opportunities | I Shares USD - Capitalisation | LU2270288405 | 0.54 | 0.00 |
| Sustainable Credit Opportunities | P Shares EUR - Capitalisation | LU1752461183 | 0.43 | 0.00 |
| Sustainable Credit Opportunities | R Shares EUR - Capitalisation | LU1752460292 | 1.12 | 0.16 |
| Sustainable Credit Opportunities | R Shares EUR - Distribution | LU1785344083 | 1.12 | 0.12 |
| Sustainable Credit Opportunities | R Shares SEK - Distribution | LU1752463122 | n/a | n/a |
| Sustainable Credit Opportunities | N Shares EUR - Capitalisation | LU1752460706 | 0.82 | 0.12 |
| Sustainable Credit Opportunities | GC Shares EUR - Capitalisation | LU1752461696 | 0.62 | 0.21 |
| Sustainable Credit Opportunities | Xw Shares EUR - Capitalisation | LU1752462587 | 0.50 | 0.00 |
| Algo Trend US | I Shares EUR - Capitalisation | LU1833929307 | 0.69 | 0.00 |
| Algo Trend US | IW Shares EUR - Capitalisation | LU1833929992 | 0.78 | 0.00 |
| Algo Trend US | R Shares EUR - Distribution | LU1833929646 | n/a | n/a |
| Algo Trend US | R Shares EUR - Capitalisation | LU1833929729 | 1.32 | 0.00 |
| Algo Trend US | N Shares EUR - Capitalisation | LU1833929216 | 0.87 | 0.00 |
| Global Credit Short Duration | I Shares EUR - Capitalisation | LU1833930578 | 0.63 | 0.18 |
| Global Credit Short Duration | R Shares EUR - Capitalisation | LU1833930495 | 1.02 | 0.16 |
| Global Credit Short Duration | Pw Shares EUR - Capitalisation | LU1833931113 | 0.63 | 0.00 |
| Global Credit Short Duration | P Shares EUR - Distribution | LU1833930735 | 0.53 | 0.17 |
| Global Credit Short Duration | F Shares EUR - Capitalisation | LU1833930222 | 0.37 | 0.58 |
| Millennials | I Shares EUR - Capitalisation | LU1833931204 | 0.89 | 0.25 |
| Millennials | I Shares EUR [H] - Capitalisation | LU1833931386 | 0.90 | 0 |
| Millennials | I Shares USD - Capitalisation | LU2003710972 | 0.44 | 0 |
| Millennials | IW Shares EUR [H] - Capitalisation | LU1833931972 | 1.05 | 0 |
| Millennials | IW Shares USD - Capitalisation | LU1833932277 | 0.47 | 0 |
| Millennials | N Shares EUR - Capitalisation | LU1833931626 | 1.09 | 0 |
| Millennials | N Shares EUR [H] - Capitalisation | LU2003710899 | 1.09 | 0 |
| Millennials | N Shares USD - Capitalisation | LU2003711277 | 1.07 | 0 |
| Millennials | NW Shares EUR - Capitalisation | LU2003711434 | 0.49 | 0 |
| Millennials | NW Shares EUR [H] - Capitalisation | LU2003711350 | 1.18 | 0 |
| Millennials | NW Shares USD - Capitalisation | LU2003711517 | 0.52 | 0 |
| Millennials | R Shares EUR - Capitalisation | LU1833931469 | 1.73 | 0 |

| Sub-Funds | Share Class | Code ISIN | TER without performance fees (in %) | Performance fees (in %) |
| --- | --- | --- | --- | --- |
| Millennials | R Shares EUR [H] - Capitalisation | LU1833931543 | 1.69 | 0 |
| Millennials | R Shares USD - Capitalisation | LU2003711194 | 2.41 | 0 |
| Millennials | RW Shares EUR - Capitalisation | LU1833932194 | 2.34 | 0 |
| Millennials | Rw Shares EUR [H] - Capitalisation | LU1833932350 | 2.00 | 0 |
| Artificial Intelligence | I Shares EUR - Capitalisation | LU1833932434 | 0.89 | 0.00 |
| Artificial Intelligence | I Shares EUR [H] - Capitalisation | LU1833933242 | 0.94 | 0.00 |
| Artificial Intelligence | I Shares USD - Capitalisation | LU1833932517 | 0.88 | 0.42 |
| Artificial Intelligence | I Shares USD - Distribution | LU1919842341 | 0.87 | 0.05 |
| Artificial Intelligence | Iw Shares EUR [H] - Capitalisation | LU1833932947 | 1.04 | 0.00 |
| Artificial Intelligence | Iw Shares USD [H] - Capitalisation | LU1833933325 | 1.04 | 0.00 |
| Artificial Intelligence | P Shares EUR [H] - Capitalisation | LU2209755847 | n/a | n/a |
| Artificial Intelligence | P Shares EUR - Distribution | LU2209778385 | 0.54 | 0.01 |
| Artificial Intelligence | R Shares EUR - Capitalisation | LU1919842267 | 1.73 | 0.00 |
| Artificial Intelligence | R Shares EUR [H] - Capitalisation | LU1833932608 | 1.73 | 0.04 |
| Artificial Intelligence | R Shares USD - Capitalisation | LU1833932780 | 1.73 | 0.13 |
| Artificial Intelligence | R Shares USD - Distribution | LU1919842853 | 1.72 | 0.08 |
| Artificial Intelligence | Rw Shares EUR [H] - Capitalisation | LU1833933085 | 2.03 | 0.00 |
| Artificial Intelligence | N Shares EUR - Capitalisation | LU1919842424 | 1.08 | 0.01 |
| Artificial Intelligence | N Shares EUR [H] - Capitalisation | LU1833932863 | 1.08 | 0.01 |
| Artificial Intelligence | N Shares USD - Capitalisation | LU1919842697 | 1.08 | 0.02 |
| Artificial Intelligence | Nw Shares USD - Capitalisation | LU1919842937 | 1.23 | 0.00 |
| Green Planet | I Shares EUR - Capitalisation | LU2189930287 | 0.89 | 0.00 |
| Green Planet | I shares EUR [H] - Capitalisation | LU2189929438 | 0.89 | 0.00 |
| Green Planet | I Shares USD - Distribution | LU2189930873 | 0.89 | 0.00 |
| Green Planet | I Shares USD - Capitalisation | LU2189929941 | 0.88 | 0.00 |
| Green Planet | IW Shares EUR [H] - Capitalisation | LU2189929602 | 1.05 | 0.00 |
| Green Planet | IW Shares USD - Capitalisation | LU2189930527 | 1.04 | 0.00 |
| Green Planet | N Shares EUR - Capitalisation | LU2189930360 | 1.08 | 0.00 |
| Green Planet | N Shares EUR [H] - Capitalisation | LU2189929784 | 1.08 | 1.21 |
| Green Planet | N Shares USD - Capitalisation | LU2189930444 | 1.08 | 0.08 |
| Green Planet | NW Shares USD - Capitalisation | LU2189930956 | 1.24 | 0.00 |
| Green Planet | R Shares EUR - Capitalisation | LU2189930105 | 1.73 | 0.00 |
| Green Planet | R Shares EUR [H] - Capitalisation | LU2189929511 | 1.74 | 0.00 |
| Green Planet | R Shares USD - Capitalisation | LU2189930014 | 1.73 | 0.00 |
| Green Planet | R Shares USD - Distribution | LU2189930790 | 1.67 | 1.80 |
| Green Planet | RW Shares EUR [H] - Capitalisation | LU2189929867 | 2.06 | 0.00 |
| Polaris Flexible F | N Shares EUR - Capitalisation | LU2324315477 | n/a | n/a |
| Polaris Flexible F | R Shares EUR - Capitalisation | LU2324315634 | n/a | n/a |
| Polaris Balanced F | N Shares EUR - Capitalisation | LU2324315717 | n/a | n/a |
| Polaris Balanced F | R Shares EUR - Capitalisation | LU2324315980 | n/a | n/a |

| Sub-Funds | Share Class | Code ISIN | TER without performance fees (in %) | Performance fees (in %) |
| --- | --- | --- | --- | --- |
| Polaris Moderate F | N Shares EUR - Capitalisation | LU2324316012 | n/a | n/a |
| Polaris Moderate F | R Shares EUR - Capitalisation | LU2324316285 | n/a | n/a |

* Share class activated during the last 12 months. Calculation of the TER on a yearly basis as an indication only. “n/a” refers to the classes of shares:
- which have less than three months of operation,
- which were closed
- which have a low level of assets and for which the TER is not representative;SICAV ODDO BHF


### APPENDIX (unaudited)

###### APPENDIX 2 - HISTORICAL PERFORMANCES
|  | ISIN code | Creation date | Share | Curren cy | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

Year To Date Year To Date  1 Month	1 Year	1 Year	1 Year  3 Years  3 Years  5 Years  5 Years	5 Years Since Inception  43100  42735  42735  42735	42369  43465  43098  42734  42734	31.12.2015	42004
| FIXED INCOME |  |  |
| --- | --- | --- |

TOTAL RETURN
| MULTI ASSET CREDIT | ODDO BHF Sustainable Credit Opportunities CI-EUR | LU1752459799 | 07.09.2018 | CI-EUR | EUR | - | - | - | - | 4.2% | 3.0% | 3.8% | 4.6% | - | - | - | - | 2.6% | 6.7% | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.80 | 0.53 | 2.67 | - | - | - | - | - | - |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Sustainable Credit Opportunities CN-EUR | LU1752460706 | 07.09.2018 | CN-EUR | EUR | - | - | - | - | 3.7% | 2.7% | 3.7% | 4.4% | - | - | - | - | 2.5% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.38 | 0.49 | 2.55 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities CXw-EUR | LU1752462587 | 07.09.2018 | CXw-EUR | EUR | - | - | - | - | 4.3% | 3.1% | 4.1% | 4.9% | - | - | - | - | 2.6% | - | 2.1% | - | - | - | - | - | - |  | - | - | - | - | 1.58 | 0.62 | 2.55 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities DI-EUR | LU1785344166 | 07.09.2018 | DI-EUR | EUR | - | - | - | - | 4.2% | 3.5% | 3.8% | 4.6% | - | - | - | - | 2.6% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.56 | 0.52 | 2.67 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities DR-EUR | LU1785344083 | 07.09.2018 | DR-EUR | EUR | - | - | - | - | 3.7% | 1.9% | 3.5% | 4.1% | - | - | - | - | 2.6% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.36 | 0.37 | 2.41 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities GC-EUR | LU1752461696 | 07.09.2018 | GC-EUR | EUR | - | - | - | - | 4.0% | 2.9% | 3.8% | 4.6% | - | - | - | - | 2.5% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.52 | 0.52 | 2.66 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities CR-EUR | LU1752460292 | 07.09.2018 | CR-EUR | EUR | - | - | - | - | 3.7% | 2.5% | 3.5% | 4.1% | - | - | - | - | 2.6% | 6.7% | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.36 | 0.45 | 2.41 | - | - | - | - | - | - |  |

GLOBAL CREDIT
| SHORT DURATION | ODDO BHF Global Credit Short Duration CF-EUR | LU1833930222 | 22.10.2018 | CF-EUR | EUR | - | - | - | - | 2.1% | -0.8% | 2.3% | 2.7% | - | - | - | - | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | - | 1.98 | -0.04 | 1.94 | - | - | - | - | - | - |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Global Credit Short Duration CI-EUR | LU1833930578 | 27.11.2018 | CI-EUR | EUR | - | - | - | - | 2.5% | -1.0% | 2.2% | 2.5% | - | - | - | - | - | 7.9% | 1.4% | - | - | - | - | - | - |  | - | - | - | - | - | -0.07 | 1.82 | - | - | - | - | - | - |  |
| ODDO BHF Global Credit Short Duration CR-EUR | LU1833930495 | 07.11.2018 | CR-EUR | EUR | - | - | - | - | 1.4% | -1.4% | 2.0% | 2.1% | - | - | - | - | - | 7.9% | 1.4% | - | - | - | - | - | - |  | - | - | - | - | - | -0.12 | 1.44 | - | - | - | - | - | - |  |
| ODDO BHF Global Credit Short Duration DPw-EUR | LU1833931113 | 23.10.2018 | DPw-EUR | EUR | - | - | - | - | 1.9% | -1.0% | 2.3% | 2.6% | - | - | - | - | 1.3% | - | 1.5% | - | - | - | - | - | - |  | - | - | - | - | 1.76 | -0.07 | 1.76 | - | - | - | - | - | - |  |
| ODDO BHF Global Credit Short Duration CP-EUR | LU1833930735 | 19.06.2019 | CP-EUR | EUR | - | - | - | - | 0.6% | -1.0% | 2.2% | 2.6% | - | - | - | - | - | - | 1.5% | - | - | - | - | - | - |  | - | - | - | - | - | -0.06 | 1.73 | - | - | - | - | - | - |  |
|  |  |  |  |  |
| SHORT DURATION | ODDO BHF Euro Credit Short Duration CI-EUR | LU0628638032 | 24.08.2011 | CI-EUR | EUR | 1.1% | 3.2% | 1.9% | -0.6% | 1.2% | -1.5% | 2.7% | 3.2% | 1.7% | 1.6% | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | 1.16 | 2.19 | 5.13 | -0.30 | 1.15 | -0.14 | 2.20 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DR-EUR | LU0628638974 | 24.08.2011 | DR-EUR | EUR | 0.3% | 2.5% | 1.1% | -1.4% | 0.3% | -2.4% | 2.8% | 3.0% | 1.7% | 1.7% | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | 1.12 | 2.66 | 5.20 | -1.33 | 0.48 | -0.24 | 2.07 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CP-EUR | LU0628638206 | 04.10.2013 | CP-EUR | EUR | 1.3% | 3.5% | 2.0% | -0.5% | 1.3% | -1.4% | 2.8% | 3.3% | 1.7% | 1.6% | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | 1.08 | 2.80 | 4.24 | 0.38 | 1.23 | -0.13 | 2.27 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DP-EUR | LU0628638388 | 01.06.2011 | DP-EUR | EUR | 1.3% | 3.5% | 2.0% | -0.5% | 1.3% | -1.4% | 2.8% | 3.2% | 1.7% | 1.6% | 0.6% | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | 1.11 | 2.72 | 5.00 | -0.18 | 1.23 | -0.13 | 2.28 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CP-USD[H] | LU1486846774 | 17.10.2016 | CP-USD[H] | USD | - | - | 3.6% | 1.8% | 3.5% | 0.1% | 3.3% | 4.1% | - | - | 5.5% | 0.8% | 1.3% | - | 2.8% | - | - | - | - | - | - |  | - | - | 1.64 | 0.06 | 0.91 | -0.03 | 4.87 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CR-EUR | LU1486845537 | 11.10.2016 | CR-EUR | EUR | - | - | 1.5% | -0.9% | 0.8% | -1.9% | 2.6% | 2.8% | - | - | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | - | - | 3.35 | 0.38 | 0.88 | -0.18 | 1.94 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CR-USD[H] | LU1486845610 | 17.10.2016 | CR-USD[H] | USD | - | - | 3.2% | 1.5% | 3.4% | -0.2% | 3.0% | 3.6% | - | - | 0.6% | 0.9% | 1.2% | - | 2.8% | - | - | - | - | - | - |  | - | - | 3.99 | -0.17 | 0.79 | 0.00 | 4.22 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DN-GBP[H] | LU1486846188 | 17.10.2016 | DN-GBP | GBP | - | - | 2.7% | 0.3% | 2.3% | - | - | - | - | - | 0.6% | 0.8% | 1.2% | - | - | - | - | - | - | - | - |  | - | - | 4.26 | -0.32 | 1.22 | - | - | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DP-GBP[H] | LU1486846931 | 17.10.2016 | DP-GBP | GBP | - | - | 2.7% | 0.4% | 2.6% | - | - | - | - | - | 0.6% | 0.8% | 1.2% | - | - | - | - | - | - | - | - |  | - | - | 4.42 | -0.15 | 1.41 | - | - | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CN-CHF[H] | LU1486845966 | 03.01.2017 | CN-CHF[H] | CHF | - | - | - | -1.5% | 0.1% | -2.3% | 2.9% | 2.8% | - | - | - | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | -2.48 | -0.39 | -0.33 | 1.56 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CP-CHF[H] | LU1486846428 | 01.02.2017 | CP-CHF[H] | CHF | - | - | - | -1.3% | 0.3% | -2.1% | 2.6% | 2.9% | - | - | - | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | -2.23 | -0.21 | -0.26 | 1.66 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CR-CHF[H] | LU1486845701 | 19.12.2016 | CR-CHF[H] | CHF | - | - | - | -1.7% | -0.2% | -2.5% | 2.4% | 2.6% | - | - | - | 0.8% | 1.3% | - |  | - | - | - | - | - | - |  | - | - | - | -2.74 | -0.66 | -0.25 |  | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DI-EUR | LU1486846261 | 03.02.2017 | DI-EUR | EUR | - | - | - | -0.6% | 1.2% | -1.5% | 2.7% | 3.1% | - | - | - | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | -0.30 | 1.15 | -0.14 | 2.20 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CN-EUR | LU1486845883 | 21.08.2017 | CN-EUR | EUR | - | - | - | -0.7% | 1.0% | -1.7% | 2.7% | 3.0% | - | - | - | 0.9% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | 0.67 | 1.04 | -0.15 | 2.08 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration GC-EUR | LU1752464799 | 25.05.2018 | GC-EUR | EUR | - | - | - | -0.2% | 1.1% | -1.6% | 2.7% | 3.1% | - | - | - |  | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | - | 1.12 | -0.14 | 2.17 | - | - | - | - | - | - |  |

^
SICAV ODDO BHF

### APPENDIX (unaudited) (continued)

###### APPENDIX 2 - HISTORICAL PERFORMANCES (CONTINUED)
|  | ISIN code | Creation date | Share | Curren cy | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

Year To Date  Year To Date  1 Month  1 Year	1 Year	1 Year  3 Years  3 Years  5 Years  5 Years	5 Years  Since Inception  43100  42735  42735	42735	42369  43465  43098  42734  42734	31.12.2015	42004
| FIXED INCOME |  |  |
| --- | --- | --- |

TOTAL RETURN
| TRADITIONAL | ODDO BHF Sustainable Euro Corporate Bond CI-EUR | LU0145975065 | 13.03.2002 | CI-EUR | EUR | 0.5% | 4.8% | 2.9% | -2.0% | 6.5% | 0.5% | 1.5% | 1.4% | 2.7% | 2.6% | 2.4% | 1.6% | 2.1% | 7.0% | 1.8% | 0.7% | 0.7% | 0.8% | 0.5% | 0.3% | 1.1% | 0.6% | 0.44 | 2.20 | 1.34 | -0.71 | 3.00 | 0.23 | 0.88 | 1.02 | 0.47 | 1.37 | -0.58 | 0.92 | -0.60 | 1.82 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Sustainable Euro Corporate Bond DI-EUR | LU0145975149 | 29.08.2002 | DI-EUR | EUR | 0.6% | 4.8% | 2.9% | -2.0% | 5.1% | 0.5% | 1.5% | 1.4% | 2.7% | 2.6% | 2.4% | 1.6% | 2.1% | - | 1.8% | 0.7% | 0.7% | 0.8% | 0.5% | 0.3% | 1.1% | 0.6% | 0.43 | 2.17 | 1.35 | -0.71 | 3.00 | 0.16 | 0.87 | 1.06 | 0.49 | 1.44 | -0.58 | 0.94 | -0.20 | 1.82 |
| ODDO BHF Sustainable Euro Corporate Bond DP-EUR | LU0456625358 | 15.12.2009 | DP-EUR | EUR | 0.6% | 5.0% | 3.0% | -1.8% | 5.1% | 0.6% | 1.6% | 1.5% | 2.7% | 2.6% | 2.4% | 1.6% | 2.1% | - | 1.8% | 0.8% | 0.8% | 0.8% | 0.5% | 0.4% | 1.1% | 0.6% | 0.25 | 2.03 | 1.37 | -0.70 | 3.07 | 0.18 | 0.96 | 0.25 | -0.06 | 1.54 | -0.56 | 1.36 | -0.20 | 2.07 |
| ODDO BHF Sustainable Euro Corporate Bond CN-EUR | LU1752464104 | 18.03.2019 | CN-EUR | EUR | - | - | - | - | 4.0% | 0.2% | 1.4% | 1.1% | - | - | - | - | - | - | 1.8% | - | - | - | - | - | 1.1% | 0.6% | - | - | - | - | - | - | 74.2% | - | - | - | - | - | -20.0% | 142.1% |
| ODDO BHF Sustainable Euro Corporate Bond DR-EUR | LU1815136756 | 31.08.2018 | DR-EUR | EUR | - | - | - | - | 5.8% | 0.0% | 1.2% | 0.9% | - | - | - | - | 2.1% | - | 1.8% | - | - | - | - | 0.3% | 1.1% | 0.6% | - | - | - | - | 2.76 | 0.09 | 0.60 | - | - | - | - | -0.58 | -1.10 | 1.01 |
| ODDO BHF Sustainable Euro Corporate Bond CR-EUR | LU0145975222 | 19.03.2002 | CR-EUR | EUR | -0.2% | 4.1% | 2.2% | -2.6% | 5.8% | 0.0% | 1.2% | 0.9% | 2.8% | 2.6% | 2.4% | 1.6% | 2.1% | 7.0% | 1.8% | 0.7% | 0.8% | 0.9% | 0.5% | 0.3% | 1.1% | 0.6% | 0.42 | 2.17 | 1.06 | -0.71 | 2.70 | 0.09 | 0.61 | 0.88 | 0.45 | -0.29 | -0.60 | -0.95 | -1.10 | 1.03 |
| ODDO BHF Crossover Credit CR- EUR* | LU1254989491 | 03.12.2013 | CR-EUR | EUR | -0.6% | 5.2% | 3.3% | -2.4% | 4.5% | - | - |  | 3.2% | 3.8% | 2.2% | 1.9% | 2.5% | - |  | 0.7% | 0.7% | 1.0% | 0.7% | 0.7% | 1.5% |  | -0.16 | 1.55 | 1.68 | -0.53 | 1.99 | - |  | -1.18 | -0.66 | -0.73 | 0.01 | -0.45 | 1.50 |  |
| ODDO BHF Crossover Credit DR- EUR* | LU1254989574 | 08.04.2014 | DR-EUR | EUR | -0.8% | 6.1% | 3.3% | -1.3% | 0.3% | - | - |  | 3.6% | 3.8% | 2.2% | 1.8% | 0.9% | - |  | 1.7% | 1.7% | 2.0% | 1.1% | 2.2% | 2.2% |  | -0.21 | 1.78 | 1.69 | -0.49 | 0.89 | - |  | -0.62 | 0.09 | -0.68 | 0.13 | -2.06 | -2.10 |  |
| ODDO BHF Crossover Credit CI- EUR* | LU1254989061 | 03.12.2013 | CI-EUR | EUR | -0.1% | 5.7% | 3.8% | -1.9% | 4.6% | - | - |  | 3.2% | 3.8% | 2.1% | 1.9% | 2.5% | - |  | 0.7% | 1.0% | 0.4% | 0.7% | 0.6% | 0.6% |  | -0.01 | 1.69 | 1.96 | -0.57 | 2.02 | - |  | -0.47 | -0.14 | 0.52 | -0.02 | -0.43 | -0.40 |  |
| ODDO BHF Crossover Credit CI- USD** | LU1387839795 | 03.03.2015 | CI-USD | USD |  | 5.4% | 10.3% | -4.7% | -11.0% | - | - |  |  | 8.8% | 8.1% | 7.3% | 6.3% | - |  |  | 1.9% | 1.7% | 1.7% | 1.2% | - |  |  | 0.60 | 1.16 | -0.81 | - | - |  |  | 0.15 | 0.17 | -0.02 | -0.58 | - |  |
| ODDO BHF Crossover Credit DI- EUR* | LU1254989145 | 03.12.2013 | DP-EUR | EUR | -0.2% | 6.7% | 3.8% | -2.0% | 4.6% | - | - |  | 3.7% | 3.8% | 2.2% | 1.8% | 2.4% | - |  | 1.9% | 2.0% | 0.4% | 0.6% | 0.5% | 0.5% |  | -0.02 | 1.94 | 1.90 | -0.88 | 2.06 | - |  | -0.19 | 0.39 | 0.51 | -0.91 | -0.52 | 0.50 |  |

HIGH YIELD
| TARGET MATURITY	TRADITIONAL | ODDO BHF Euro High Yield Bond CR-EUR | LU0115290974 | 14.08.2000 | CR-EUR | EUR | 1.9% | 6.6% | 5.9% | -1.8% | 3.2% | -0.7% | 5.9% | 6.5% | 3.5% | 4.7% | 1.9% | 2.2% | 3.3% | 14.1% | 2.9% | 1.1% | 1.1% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 1.02 | 1.89 | 4.24 | -0.03 | 1.00 | 0.05 | 2.01 | 0.42 | 1.03 | 0.57 | 1.21 | -2.06 | 0.30 | -4.28 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Euro High Yield Bond CR-CHF[H] | LU1486847319 | 15.12.2016 | CR- CHF[H] | CHF | - | - | - | -2.7% | 2.3% | -1.2% | 5.8% | 6.2% | - | - | - | 2.2% | 3.3% | 14.1% |  | - | - | - | 60.0% | 60.0% | 2.2% |  | - | - | - | -1.40 | 0.70 | 0.00 |  | - | - | - | -2.90 | -4.00 | 0.20 |  |
| ODDO BHF Euro High Yield Bond CI-EUR | LU0115288721 | 30.06.2000 | CI-EUR | EUR | 2.6% | 7.5% | 6.7% | -1.1% | 4.0% | 0.0% | 6.3% | 7.3% | 3.4% | 4.6% | 1.9% | 2.2% | 3.3% | 14.1% | 2.9% | 1.0% | 1.0% | 1.3% | 0.5% | 0.9% | 2.2% | 0.5% | 0.80 | 1.71 | 3.80 | -0.35 | 1.23 | 0.03 | 2.28 | -0.33 | 0.33 | -2.54 | -0.14 | -1.20 | 0.50 | -2.60 |
| ODDO BHF Euro High Yield Bond DI-EUR | LU0115293481 | 07.08.2002 | DI-EUR | EUR | 2.6% | 7.4% | 6.7% | -1.1% | 4.0% | 0.1% | 6.3% | 7.2% | 3.4% | 4.6% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.3% | 0.5% | 0.9% | 2.2% | 0.5% | 0.80 | 1.89 | 3.80 | -0.35 | 1.23 | 0.03 | 2.28 | -0.32 | 0.98 | -2.52 | -0.14 | -1.19 | 0.50 | -2.62 |
| ODDO BHF Euro High Yield Bond DR-EUR | LU0243919577 | 24.02.2006 | DR-EUR | EUR | 1.8% | 6.7% | 5.9% | -1.8% | 3.2% | -0.7% | 5.9% | 6.4% | 3.5% | 4.7% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.2% | 1.2% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 0.55 | 1.92 | 3.37 | -0.03 | 1.00 | -0.02 | 2.00 | -0.97 | 1.10 | -5.57 | 1.19 | -2.08 | -0.10 | -4.31 |
| ODDO BHF Euro High Yield Bond DP15-EUR | LU0456627487 | 15.12.2009 | DP15- EUR | EUR | 2.7% | 7.6% | 6.7% | -1.0% | 4.1% | 0.2% | 6.4% | 7.3% | 3.4% | 4.6% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 0.82 | 1.91 | 3.82 | -0.02 | 1.27 | 0.04 | 2.32 | -0.22 | 1.04 | -2.40 | 1.25 | -1.08 | 0.50 | -2.36 |
| ODDO BHF Euro High Yield Bond CN-EUR | LU1486847152 | 16.05.2018 | CN-EUR | EUR | - | - | - | - | 3.7% | -0.3% | 6.2% | 6.9% | - | - | - | - | 3.3% | - | 2.9% | - | - | - | - | 0.9% | 2.2% | 0.5% | - | - | - | - | 1.15 | 0.06 | 2.16 | - | - | - | - | -1.49 | 0.30 | -3.32 |
| ODDO BHF Euro High Yield Bond GC-EUR | LU1551630038 | 03.02.2017 | GC-EUR | EUR | - | - | - | -1.1% | 3.9% | 0.0% | 6.3% | 7.2% | - | - | - | 2.0% | 3.3% | - | 2.9% | - | - | - | 0.6% | 0.9% | 2.2% | 0.5% | - | - | - | -0.29 | 1.22 | 0.03 | 2.26 | - | - | - | -0.04 | -1.24 | 0.50 | -2.73 |
| ODDO BHF Euro High Yield Bond CP-EUR | LU0456627131 | 19.07.2013 | CP-EUR | EUR | 2.9% | 7.7% | 7.0% | -0.9% | 4.2% | 0.3% | 6.5% | 7.5% | 3.4% | 4.6% | 1.8% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 0.88 | 1.76 | 4.00 | -0.02 | 1.31 | 0.05 | 2.37 | -0.03 | 0.48 | -1.18 | 1.25 | -0.90 | 0.30 | -2.03 |
| ODDO BHF Euro High Yield Bond DP-EUR | LU0456627214 | 15.12.2009 | DP-EUR | EUR | 2.8% | 7.8% | 7.0% | -0.9% | 4.2% | 0.3% | 6.5% | 7.4% | 3.4% | 4.7% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.3% | 0.5% | 0.9% | 2.2% | 0.5% | 0.84 | 1.90 | 3.96 | -0.03 | 1.31 | 0.05 | 2.37 | -0.16 | 1.05 | -1.45 | 1.23 | -0.91 | 0.30 | -2.02 |
| ODDO BHF Euro Credit Laufzeitfonds 2018 DP-EUR | LU0984055342 | 02.12.2013 | DP-EUR | EUR | 1.1% | 4.4% | 0.7% | -0.5% | - | - | - |  | 2.2% | 2.3% | 0.4% | 0.2% | - | - |  | - | - | - | - | - | - |  | 0.77 | 2.27 | 3.69 | -0.58 | - | - |  | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Laufzeitfonds 2019 DI-EUR | LU1123026541 | 03.12.2014 | DI-EUR | EUR | - | 5.7% | 2.0% | 0.0% | - | - | - |  | - | 3.1% | 0.8% | 0.4% | - | - |  | - | - | - | - | - | - |  | - | 2.21 | 3.00 | 1.05 | - | - |  | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Laufzeitfonds 2019 DP-EUR (a) | LU1123027432 | 03.12.2014 | DP-EUR | EUR | - | 6.0% | 2.2% | - | -0.1% | - | - |  | - | 3.1% | 0.8% | - | - | - |  | - | - | - | - | - | - |  | - | 2.00 | 3.25 | - | - | - |  | - | - | - | - | - | - |  |

|  | ISIN code | Creation date | Share | Curren cy | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| EQUITIES FUNDAMENTAL |  |  |
| --- | --- | --- |

| EUROZONE - TRADITIONAL | ODDO BHF Euro Small Cap CR-EUR (b) | LU0269724349 | 15.11.2006 | CR-EUR | EUR | 23.3% | -1.8% | 24.6% | -16.8% | 5.2% | -9.9% | -12.9% |  | 16.2% | 21.8% | 9.2% | 15.8% | 17.7% | - |  | 0.0% | 2.6% | 2.4% | 3.1% | 4.1% | 5.7% |  | 1.45 | 0.03 | 2.71 | -1.05 | 0.28 | - |  | -0.19 | 0.21 | -0.06 | -2.07 | -1.24 | 1.10 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Euro Small Cap CN-EUR | LU1752464526 | 22.08.2018 | CN-EUR | EUR | - | - | - | - | 6.0% | -13.7% | - |  | - | - | - | - | 17.7% | - |  | - | - | - | - | 4.1% | - |  | - | - | - | - | 0.32 | - |  | - | - | - | - | -1.05 | - |  |
| ODDO BHF Euro Small Cap DI-EUR (b) | LU0456631083 | 15.12.2009 | DI-EUR | EUR | 25.0% | -0.5% | 26.0% | -15.7% | 6.5% | -11.2% | -12.4% |  | 16.2% | 21.8% | 9.3% | 15.8% | 17.7% | - |  | 0.0% | 2.6% | 2.4% | 3.1% | 4.1% | 5.7% |  | 1.56 | 0.04 | 2.85 | -0.98 | 0.35 | - |  | 0.43 | 0.24 | 0.55 | -1.68 | -0.92 | 0.90 |  |

THEMATIC
| IA | ODDO BHF Artificial Intelligence CI-EUR | LU1833932434 | 14.01.2019 | CI-EUR | EUR | - | - | - | - | 18.6% | 8.0% | 23.6% | 30.7% | - | - | - | - | - | - | 16.4% | - | - | - | - | - | 13.100% | 11.343% | - | - | - | - | - | 0.35 | 1.64 | - | - | - | - | - | 0.30 | -1.09 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Artificial Intelligence CI-EUR[H] | LU1833933242 | 14.01.2019 | CI-EUR[H] | EUR | - | - | - | - | 13.1% | 17.5% | 26.7% | 28.3% | - | - | - | - | - | - |  | - | - | - | - | - | - |  | - | - | - | - | - |  |  | - | - | - | - | - | - |  |
| ODDO BHF Artificial Intelligence CI-USD | LU1833932517 | 14.01.2019 | CI-USD | USD | - | - | - | - | 15.9% | 12.9% | 28.1% | 30.3% | - | - | - | - | - | - | 18.1% | - | - | - | - | - | 6.7% | 10.3% | - | - | - | - | - | 0.47 | 1.31 | - | - | - | - | - | 1.30 | -0.78 |
| ODDO BHF Artificial Intelligence CIw-EUR[H] | LU1833932947 | 14.01.2019 | CIw-EUR[H] | EUR | - | - | - | - | 2.1% | 11.9% | 26.7% | 28.2% | - | - | - | - | - | - | 18.6% | - | - | - | - | - | 7.9% | 11.1% | - | - | - | - | - | 0.45 | 1.21 | - | - | - | - | - | 1.00 | -0.89 |
| ODDO BHF Artificial Intelligence CN-EUR[H] | LU1833932863 | 14.01.2019 | CN-EUR[H] | EUR | - | - | - | - | 13.3% | 11.0% | 26.5% | 27.9% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.7% | 10.5% | - | - | - | - | - | 0.43 | 1.21 | - | - | - | - | - | 1.00 | -0.99 |
| ODDO BHF Artificial Intelligence CN-USD | LU1919842697 | 01.04.2019 | CN-USD | USD | - | - | - | - | 5.5% | 12.5% | 27.6% | 29.6% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.7% | 10.4% | - | - | - | - | - | 0.45 | 1.28 | - | - | - | - | - | 1.20 | -0.83 |
| ODDO BHF Artificial Intelligence CR-EUR | LU1919842267 | 14.01.2019 | CR-EUR | EUR | - | - | - | - | 17.7% | 7.9% | 23.0% | 29.5% | - | - | - | - | - | - | 16.1% | - | - | - | - | - | 12.5% | 11.1% | - | - | - | - | - | 0.35 | 1.60 | - | - | - | - | - | 0.30 | -1.22 |
| ODDO BHF Artificial Intelligence CR-EUR[H] | LU1833932608 | 14.01.2019 | CR-EUR[H] | EUR | - | - | - | - | 12.7% | 9.9% | 26.1% | 27.1% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.8% | 10.5% | - | - | - | - | - | 0.39 | 1.17 | - | - | - | - | - | 0.80 | -1.07 |
| ODDO BHF Artificial Intelligence CR-USD | LU1833932780 | 14.01.2019 | CR-USD | USD | - | - | - | - | 15.2% | 11.9% | 27.1% | 28.7% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.7% | 10.4% | - | - | - | - | - | 0.44 | 1.22 | - | - | - | - | - | 1.10 | -0.92 |
| ODDO BHF Artificial Intelligence CNw-USD | LU1919842937 | 11.06.2019 | CNw-USD | USD | - | - | - | - | 7.4% | 14.6% | 27.5% | 29.4% | - | - | - | - | - | 28.8% | 18.7% | - | - | - | - | - | 7.9% | 11.2% | - | - | - | - | - | 0.50 | 1.24 | - | - | - | - | - | 130.0% | -77.5% |
| ODDO BHF Artificial Intelligence CRw-EUR[H] | LU1833933085 | 14.01.2019 | CRw-EUR[H] | EUR | - | - | - | - | 12.4% | 10.9% | 28.1% | 26.9% | - | - | - | - | - | - |  | - | - | - | - | - | 8.0% |  | - | - | - | - | - | 0.42 |  | - | - | - | - | - | 80.0% |  |
| ODDO BHF Artificial Intelligence CIw-USD | LU1833933325 | 19.12.2018 | CIw-USD | USD | - | - | - | - | 21.2% | 14.6% | 27.6% | 29.7% | - | - | - | - | - | 29.5% | 18.7% | - | - | - | - | - | 7.9% | 11.2% | - | - | - | - | - | 0.51 | 1.25 | - | - | - | - | - | 1.30 | -0.75 |
| ODDO BHF Artificial Intelligence CN-EUR | LU1919842424 | 14.01.2019 | CN-EUR | EUR | - | - | - | - | 18.1% | 8.4% | 23.4% | 30.4% | - | - | - | - | - | - | 16.2% | - | - | - | - | - | 12.4% | 11.0% | - | - | - | - | - | 0.37 | 1.63 | - | - | - | - | - | 0.30 | -1.18 |
| ODDO BHF Artificial Intelligence DI-USD | LU1919842341 | 30.04.2020 | DI-USD | USD | - | - | - | - | 6.2% | 3.6% | 27.3% | 28.7% |  |  |  |  |  |  | 18.1% |  |  |  |  |  |  | 10.5% |  |  |  |  |  |  | 1.28 |  |  |  |  |  |  | -0.82 |
| ODDO BHF Artificial Intelligence DR-USD | LU1919842853 | 30.04.2020 | DR-USD | USD | - | - | - | - | - | - | 27.1% | 27.9% |  |  |  |  |  |  | 18.2% |  |  |  |  |  |  | 10.6% |  |  |  |  |  |  | 1.24 |  |  |  |  |  |  | -0.88 |

|  |  |  |  |  | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ISIN code | Creation date | Share | Currency | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to |
|  |  |  |  | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 30/10/2020 | 30/04/2021 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 30/10/2020 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 30/10/2020 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 29/10/2021 |

Year To Date Year To Date 1 Month  1 Year  1 Year	1 Year  3 Years  3 Years  5 Years  5 Years	5 Years Since Inception 43100  42735  42735  42735	42369  43465  43098  42734  42734	31.12.2015	42004
| EQUITIES FUNDAMENTAL |  |  |
| --- | --- | --- |
| ODDO BHF Millenials CI-EUR | LU1833931204 | 04.11.2019 | CI-EUR | EUR | - | - | - | - | - | - | 12.6% | 18.1% |  |  |  |  |  |  | 14.3% |  |  |  |  |  |  | 9.957% |  |  |  |  |  |  | 1.16 |  |  |  |  |  |  | -2.01 |
| ODDO BHF Millenials CR-EUR | LU1833931469 | 04.11.2019 | CR-EUR | EUR | - | - | - | - | - | - | 12.3% | 17.3% |  |  |  |  |  |  | 14.7% |  |  |  |  |  |  | 10.3% |  |  |  |  |  |  | 1.08 |  |  |  |  |  |  | -2.02 |
| ODDO BHF Millenials CRw-EUR | LU1833932194 | 04.11.2019 | CRw-EUR | EUR | - | - | - | - | - | - | 11.9% | 16.4% |  |  |  |  |  |  | 14.8% |  |  |  |  |  |  | 10.5% |  |  |  |  |  |  | 1.01 |  |  |  |  |  |  | -2.07 |
| ODDO BHF Millenials CN-EUR | LU1833931626 | 04.11.2019 | CN-EUR | EUR | - | - | - | - | - | - | 11.7% | 17.1% |  |  |  |  |  |  | 14.5% |  |  |  |  |  |  | 9.8% |  |  |  |  |  |  | 1.03 |  |  |  |  |  |  | -2.21 |
| ODDO BHF Millenials CRw-EUR[H] | LU1833932350 | 04.11.2019 | CRw- EUR[H] | EUR | - | - | - | - | - | - | 15.1% | 15.0% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.69 |  |  |  |  |  |  | -1.87 |
| ODDO BHF Millenials CIw-USD | LU1833932277 | 04.11.2019 | CIw-USD | USD | - | - | - | - | - | - | 16.6% | 17.9% |  |  |  |  |  |  | 17.2% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.82 |  |  |  |  |  |  | -1.57 |
| ODDO BHF Millenials CIw-EUR[H] | LU1833931972 | 04.11.2019 | CIw- EUR[H] | EUR | - | - | - | - | - | - | 15.6% | 16.1% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.75 |  |  |  |  |  |  | -1.75 |
| ODDO BHF Millenials CR-EUR[H] | LU1833931543 | 04.11.2019 | CR- EUR[H] | EUR | - | - | - | - | - | - | 15.2% | 15.2% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.70 |  |  |  |  |  |  | -1.84 |
| ODDO BHF Millenials CI-EUR[H] | LU1833931386 | 04.11.2019 | CI- EUR[H] | EUR | - | - | - | - | - | - | 16.4% | 16.9% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.9% |  |  |  |  |  |  | 0.80 |  |  |  |  |  |  | -1.65 |
| ODDO BHF Millenials CNw-USD | LU2003711517 | 04.11.2019 | CNw-USD | USD | - | - | - | - | - | - | 16.6% | 17.8% |  |  |  |  |  |  | 17.2% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.82 |  |  |  |  |  |  | -1.57 |
| ODDO BHF Millenials CNw-EUR | LU2003711434 | 04.11.2019 | CNw-EUR | EUR | - | - | - | - | - | - | 12.9% | 18.7% |  |  |  |  |  |  | 14.8% |  |  |  |  |  |  | 10.5% |  |  |  |  |  |  | 1.17 |  |  |  |  |  |  | -1.85 |
| ODDO BHF Millenials CNw-EUR[H] | LU2003711350 | 04.11.2019 | CNw- EUR[H] | EUR | - | - | - | - | - | - | 15.6% | 15.9% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.74 |  |  |  |  |  |  | -1.78 |
| ODDO BHF Millenials CN-USD | LU2003711277 | 04.11.2019 | CN-USD | USD | - | - | - | - | - | - | 16.6% | 17.6% |  |  |  |  |  |  | 17.3% |  |  |  |  |  |  | 9.6% |  |  |  |  |  |  | 0.77 |  |  |  |  |  |  | -1.68 |
| ODDO BHF Millenials CR-USD | LU2003711194 | 04.11.2019 | CR-USD | USD | - | - | - | - | - | - | 15.7% | 15.7% |  |  |  |  |  |  | 17.3% |  |  |  |  |  |  | 9.6% |  |  |  |  |  |  | 0.67 |  |  |  |  |  |  | -1.86 |
| ODDO BHF Millenials CI-USD | LU2003710972 | 04.11.2019 | CI-USD | USD | - | - | - | - | - | - | 16.7% | 18.0% |  |  |  |  |  |  | 17.3% |  |  |  |  |  |  | 9.6% |  |  |  |  |  |  | 0.80 |  |  |  |  |  |  | -1.63 |
| ODDO BHF Millenials CN-EUR[H] | LU2003710899 | 04.11.2019 | CN- EUR[H] | EUR | - | - | - | - | - | - | 15.6% | 16.1% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.75 |  |  |  |  |  |  | -1.76 |
| ODDO BHF Green Planet CI-EUR[H] | LU2189929438 | 26.10.2020 | CI- EUR[H] | EUR | - | - | - | - | - | - | 19.0% | 28.5% |  |  |  |  |  |  | 19.5% |  |  |  |  |  |  | 11.614% |  |  |  |  |  |  | 1.37 |  |  |  |  |  |  | -0.45 |
| ODDO BHF Green Planet CR-EUR[H] | LU2189929511 | 26.10.2020 | CR- EUR[H] | EUR | - | - | - | - | - | - | 17.6% | 26.4% |  |  |  |  |  |  | 19.8% |  |  |  |  |  |  | 11.8% |  |  |  |  |  |  | 1.25 |  |  |  |  |  |  | -0.61 |
| ODDO BHF Green Planet CIw-EUR[H] | LU2189929602 | 26.10.2020 | CIw- EUR[H] | EUR | - | - | - | - | - | - | 19.1% | 28.5% |  |  |  |  |  |  | 20.6% |  |  |  |  |  |  | 12.6% |  |  |  |  |  |  | 1.30 |  |  |  |  |  |  | -0.42 |
| ODDO BHF Green Planet CN-EUR[H] | LU2189929784 | 26.10.2020 | CN- EUR[H] | EUR | - | - | - | - | - | - | 19.0% | 27.7% |  |  |  |  |  |  | 19.0% |  |  |  |  |  |  | 10.9% |  |  |  |  |  |  | 1.36 |  |  |  |  |  |  | -0.55 |
| ODDO BHF Green Planet CRw-EUR[H] | LU2189929867 | 26.10.2020 | CRw- EUR[H] | EUR | - | - | - | - | - | - | 18.2% | 26.9% |  |  |  |  |  |  | 20.6% |  |  |  |  |  |  | 12.6% |  |  |  |  |  |  | 1.22 |  |  |  |  |  |  | -0.54 |
| ODDO BHF Green Planet CI-USD | LU2189929941 | 26.10.2020 | CI-USD | USD | - | - | - | - | - | - | 19.3% | 29.4% |  |  |  |  |  |  | 19.9% |  |  |  |  |  |  | 11.9% |  |  |  |  |  |  | 1.36 |  |  |  |  |  |  | -0.36 |
| ODDO BHF Green Planet CR-USD | LU2189930014 | 26.10.2020 | CR-USD | USD | - | - | - | - | - | - | 18.1% | 27.6% |  |  |  |  |  |  | 19.8% |  |  |  |  |  |  | 11.8% |  |  |  |  |  |  | 1.28 |  |  |  |  |  |  | -0.51 |
| ODDO BHF Green Planet CI-EUR | LU2189930287 | 26.10.2020 | CI-EUR | EUR | - | - | - | - | - | - | 15.9% | 30.9% |  |  |  |  |  |  | 18.3% |  |  |  |  |  |  | 12.0% |  |  |  |  |  |  | 1.68 |  |  |  |  |  |  | -0.35 |
| ODDO BHF Green Planet CN-EUR | LU2189930360 | 26.10.2020 | CN-EUR | EUR | - | - | - | - | - | - | 14.3% | 29.2% |  |  |  |  |  |  | 18.6% |  |  |  |  |  |  | 12.0% |  |  |  |  |  |  | 1.55 |  |  |  |  |  |  | -0.53 |
| ODDO BHF Green Planet CIw-USD | LU2189930527 | 26.10.2020 | CIw-USD | USD | - | - | - | - | - | - | 19.8% | 29.9% |  |  |  |  |  |  | 20.6% |  |  |  |  |  |  | 12.6% |  |  |  |  |  |  | 1.34 |  |  |  |  |  |  | -0.30 |
| ODDO BHF Green Planet CR-EUR | LU2189930105 | 26.10.2020 | CR-EUR | EUR | - | - | - | - | - | - | 14.1% | 28.3% |  |  |  |  |  |  | 18.5% |  |  |  |  |  |  | 12.1% |  |  |  |  |  |  | 1.53 |  |  |  |  |  |  | -0.56 |

MOMENTUM
|  | ISIN code | Creation date | Share | Currency | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

|  | EQUITIES FUNDAMENTAL |  |  |
| --- | --- | --- | --- |
| US | ODDO BHF Algo Trend US CI-EUR | LU1833929307 | 16.07.2018 | CI-EUR | EUR | - | - | - | - | 14.9% | 5.4% | 20.4% | 39.4% | - | - | - | - | 16.8% | 28.1% | 13.8% | - | - | - | - | 2.723% | 3.700% | 4.084% |  |  |  |  | 0.88 | 0.21 | 2.50 | - | - | - | - | -0.25 | 0.20 | -0.71 |
| ODDO BHF Algo Trend US CIw-EUR | LU1833929992 | 12.02.2020 | CIw-EUR | EUR | - | - | - | - | - | pas calculé | - 20.3% | 39.3% 39.1% | - | - | - | - | - | pas calculé | - | - | - | - | - | - | pas calculé | - | - | - | - | - | - | pas calculé | - 2.48 | - | - | - | - | - | pas calculé | - |
| ODDO BHF Algo Trend US CN-EUR | LU1833929216 | 16.07.2018 | CN-EUR | EUR | - | - | - | - | 14.7% | 5.2% | - | - | - | - | 16.7% | - | 13.8% | - | - | - | - | 2.678% | 3.700% | 4.082% |  |  |  |  | 0.86 | 0.20 | - | - | - | - | -0.34 | 0.20 | -0.77 |
| ODDO BHF Algo Trend US CR-EUR | LU1833929729 | 16.07.2018 | CR-EUR | EUR | - | - | - | - | 14.2% | 4.7% | 20.0% | 38.5% | - | - | - | - | 16.8% | 28.1% | 13.7% | - | - | - | - | 2.7% | 3.7% | 4.1% |  |  |  |  | 0.83 | 0.19 | 2.44 | - | - | - | - | -0.52 | 0.10 | -0.90 |
| ODDO BHF Algo Trend US DR-EUR | LU1833929646 | 12.11.2019 | DR-EUR | EUR | - | - | - | - | - | - | 20.6% | 42.1% |  |  |  |  |  |  | 14.3% |  |  |  |  |  |  | 5.4% |  |  |  |  |  |  | 2.65 |  |  |  |  |  |  | 0.15 |
| EUROZONE - TRADITIONAL | ODDO BHF Algo Trend Eurozone CR-EUR | LU1361561100 | 01.03.2016 | CR-EUR | EUR | - | - | 18.1% | -5.7% | 14.0% | -11.8% | 26.6% | 38.4% | - | - | 8.0% | 11.2% | 12.1% | 31.1% | 15.6% | - | - | 2.6% | 2.4% | 3.271% | 4.300% | 4.205% | - | - | 2.34 | -0.48 | 1.12 | -0.36 | 1.92 | - | - | -0.54 | 0.09 | -0.03 | 0.30 | -1.06 |
| ODDO BHF Algo Trend Eurozone CN-EUR | LU1752465929 | 22.11.2018 | CN-EUR | EUR | - | - | - | - | 17.7% | -11.4% | 26.9% | 39.0% | - | - | - | - | - | - | 15.6% | - | - | - | - | - | 4.3% | 4.2% | - | - | - | - | - | -0.35 | 1.96 | - | - | - | - | - | 10.0% | -90.2% |
| ODDO BHF Algo Trend Eurozone CI-EUR | LU1361561365 | 01.03.2016 | CI-EUR | EUR | - | - | 19.1% | -4.9% | 14.8% | -11.1% | 27.1% | 39.5% | - | - | 8.0% | 11.2% | 12.1% | 31.1% | 15.6% | - | - | 0.0% | 2.3% | 3.2% | 4.3% | 4.2% | - | - | 2.56 | -0.41 | 1.19 | -0.34 | 1.99 | - | - | 0.06 | 0.46 | 0.23 | 0.30 | -0.80 |
| Convertible |  |  |

|  | ODDO BHF Convertibles Global CI-EUR | LU1493432618 | 31.12.2013 | CI-EUR | EUR | 0.06 | -0.03 | 0.06 | -0.05 | 5.4% | 11.2% | 15.8% | 18.4% | - | - | 0.04 | 0.07 | 6.4% | 14.5% | 11.6% | - | - | 0.0% | 1.5% | 1.3% | 3.0% | 3.7% | 0.00 | 0.00 | 1.81 | -0.62 | 0.80 | 0.86 | 1.33 | - | - | -1.11 | 0.05 | 0.57 | -1.00 | 1.52 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Convertibles Global CR-EUR | LU1493433004 | 31.12.2013 | CR-EUR | EUR | 5.3% | -3.6% | 5.2% | -5.2% | 4.6% | 10.3% | 15.4% | 17.5% | - | - | 3.5% | 6.7% | 6.4% | 14.5% | 11.6% | - | - | 1.1% | 1.5% | 1.3% | 3.0% | 3.7% | 0.00 | 0.00 | 1.59 | -0.73 | 0.68 | 0.80 | 1.25 | - | - | -1.85 | -0.44 | -0.01 | -1.30 | 1.29 |
| ODDO BHF Convertibles Global CR-USD[H] | LU1493433186 | 31.12.2013 | CR-USD[H] | USD | 5.5% | -2.6% | 7.0% | -3.1% | 7.3% | 12.4% | 15.8% | 18.3% | - | - | 3.5% | 6.7% | 6.2% | - | 11.5% | - | - | 7.4% | 7.1% | 4.8% | 9.7% | 5.8% | - | - | 1.74 | -0.70 | 0.80 | 0.88 | 1.28 | - | - | -0.94 | 0.66 | 1.01 | -0.70 | 1.45 |
| ODDO BHF Convertibles Global GC-EUR | LU1493433426 | 31.12.2013 | GC-EUR | EUR | - | -2.9% | 6.0% | -4.5% | 5.4% | 11.1% | 15.8% | 18.4% | - | - | 3.5% | 6.7% | 6.4% |  | 11.6% | - | - | 1.1% | 1.5% | 1.3% | 3.0% | 3.7% | 0.00 | 0.00 | 1.81 | -0.62 | 0.79 | 0.85 | 1.32 | - | - | -1.11 | 0.05 | 0.55 | -1.00 | 1.51 |
| MULTI-ASSET |  |  |

DEFENSIVE
| TOTAL RETURN | ODDO BHF Optimal Capital DP-EUR | LU1233785044 | 30.06.2015 | DP-EUR | EUR | 0.01 | 0.0 | 0.01 | - | - | - | - |  | - | 0.01 | 0.01 | - | - | - |  | - | 1.4% | 0.9% | - | - | - |  | - | 0.25 | 1.39 | - | - | - |  | - | 0.26 | 1.41 | - | - | - |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Optimal Capital DR-EUR | LU1233785390 | 30.06.2015 | DR-EUR | EUR | 0.6% | -0.6% | 0.3% | - | - | - | - |  | - | 1.4% | 0.9% | - | - | - |  | - | 0.0% | 1.4% | - | - | - |  | - | -0.30 | 0.75 | - | - | - |  | - | -1.91 | 0.77 | - | - | - |  |
| MONEY MARKET |  |  |
| High Yield | ODDO BHF Objectifs Revenus CI-EUR | LU1493433699 | 16.12.2016 | CI-EUR | EUR | - | - | -1.0% | -1.3% | -1.2% | -1.3% | -0.4% | -1.0% | - | - | - | 0.3% | 0.4% | 1.2% | 0.2% | - | - | - | 0.3% | 0.4% | 1.2% | 0.2% | - | - | - | -3.14 | -2.05 | -0.77 | -3.53 | - | - | - | -3.11 | -2.03 | -0.90 | -4.42 |
| ODDO BHF Objectifs Revenus DI-EUR | LU1493433772 | 16.12.2016 | DI-EUR | EUR | - | - | - | -1.3% | -1.3% | -1.3% | -0.4% | -1.1% | - | - | - | 0.4% | 1.2% | - | 0.3% | - | - | - | 0.4% | 1.2% | 1.2% | 0.3% | - | - | - | -2.51 | -1.56 | -0.73 | -1.93 | - | - | - | -2.48 | -1.55 | -0.90 | -2.40 |

This document has been drawn up by ODDO BHF Asset Management for internal purpose only and mustn't be communicated to any investor or distributor.
Remind that past performance is not a reliable indication of future returns and is not constant over time.
ODDO BHF Asset Management SAS (France)
*21/06/2018 - 21/06/2019
** 19/01/2018 - 21/01/2019
Since inception data
- 	11.03.2019
- 	14.05.2020


###### APPENDIX 3
1/ GLOBAL EXPOSURE CALCULATION METHOD
The commitment approach
The Company calculates all the Sub-Funds’ global exposure using the commitment approach in order to monitor and measure the global exposure except for the Sub-Fund Credit Opportunities which using the VaR approach.
The global exposure of the Sub-Funds is calculated based on the commitment approach in accordance with the methodology described in the ESMA's guidelines 10-788.
The absolute VaR approach
The Sub-Fund Credit Opportunities uses the absolute Value at Risk (VaR) approach in order to monitor and measure the global exposure.
The limit is set at 20%.
The utilisation of the VaR limit during the financial year was as follows (from 01/11/2020 to 31/10/2021):
- Lowest utilisation :	1.23%
- Highest utilisation :	6.12%
- Average utilisation :	3.29%The VaR figures have been calculated based on the following input data:
- Model used:	Historical simulation
- Confidence level:	99%
- Holding period:	20 days
- Length of data history:	3 years (with decay factor, half-life = 6 months)The average level of leverage calculated using the sum of notionals approach was 36.5%.

2/ REPORT ON REMUNERATION OF THE MANAGEMENT COMPANY PURSUANT TO THE UCITS V DIRECTIVE
- Quantitative items

|  | Fixed remuneration | Variable remuneration (*) | Number of benficiaries (**) |
| --- | --- | --- | --- |
| Total amount of remuneration paid	from	January	to December 2021 | EUR 10,009,368 | EUR 14,517,528 | 165 |

(*) Variable remuneration awarded for the year 2021.
(**) Beneficiaries shall be understood as all OBAM employees having received remuneration in 2021 (Permanent contract/Temporary contract/Apprenticeship/Internship/Foreign offices).
|  | Senior executives | Number of beneficiaries | Members of staff who have a material impact on the risk profile of the Company | Number of beneficiaries |
| --- | --- | --- | --- | --- |
| Aggregate amount of remuneration paid for the 2021 financial year (fixed and variable*) | EUR 3,138,252 | 6 | EUR 16,574,085 | 44 |

(*) Variable remuneration in respect of 2021 paid in 2022 and subsequent years
- Qualitative items
	-  ​Financial and non-financial criteria of remuneration policy and practices
		- Fixed remunerationFixed remuneration rates are determined in a discretionary manner, in accordance with market forces, so as to enable us to meet our objectives for the recruitment of qualified operational personnel.


- Variable remunerationPursuant to the AIFM 2011/61 and UCITS V 2014/91 directives, ODDO BHF Asset Management SAS (“OBAM SAS”) has established a remuneration policy intended to identify and describe the methods for implementing the variable remuneration policy, covering in particular the identification of the persons concerned, the establishment of governance, the remuneration committee and the payment terms for variable remuneration.

Variable remuneration paid within the Management Company is determined on a largely discretionary basis. As such, once fairly accurate estimates of the results for the year are available (mid-November), a budget for variable remuneration is determined and the various managers – in association with the group HRD – are invited to propose an individual budget breakdown.
This process takes place after the appraisal meetings, in which managers can discuss the quality of each employee’s professional performance with them for the year under way (in relation to previously established targets) and set targets for the next year. This appraisal has a highly objective component that addresses whether responsibilities have been met (quantitative targets, sales figures or how the management places in a specific ranking, performance fees generated by the fund managed), as well as a qualitative component (the employee’s attitude during the year).
It should be noted that, as part of their variable remuneration, some managers may receive a portion of the performance fees received by OBAM SAS. However, the amount to be allocated to each manager is determined in line with the abovementioned process and there are no individualised contractual packages that regulate the distribution and payment of these performance fees.
2/ REPORT ON REMUNERATION OF THE MANAGEMENT COMPANY PURSUANT TO THE
UCITS V DIRECTIVE (continued)
2.1.2. Variable remuneration (continued)
All OBAM SAS employees fall within the scope of application of the remuneration policy set out below, including employees who do not work in France.
- Specific provisions for risk takers and deferred variable remuneration
-  Risk takersEach year, OBAM SAS shall identify those persons who may be qualified as risk takers in accordance with the regulations in force. The list of employees thus identified as risk takers shall then be submitted to the Remuneration Committee and passed on to the relevant management body.
-  Deferred variable remunerationOBAM SAS has set EUR 100,000 as the proportionality threshold triggering payment of a deferred variable remuneration amount.

As such, employees whose variable remuneration falls below this EUR 100,000 threshold will receive their variable remuneration immediately, regardless of whether or not they are risk takers. In contrast, an employee classed as a risk taker whose variable remuneration is more than EUR 100,000 must receive deferred payment of part of this variable remuneration in accordance with the terms set out below. To ensure consistency throughout OBAM SAS, a decision has been made to apply the same variable remuneration payment terms to all company employees, whether or not they are risk takers. An employee who is not a risk taker but whose variable remuneration exceeds EUR 100,000 will therefore receive deferred payment of part of this variable remuneration in accordance with the provisions set out below.
Deferred remuneration shall consist of 40% of the entire variable remuneration amount, from the first euro. All of this deferred portion will be subject to indexation as described below.
As regards the indexation of deferred remuneration, in accordance with the commitments made by OBAM SAS, the provisions relating to the deferred part of variable remuneration will be calculated using a tool introduced by OBAM SAS. This tool will consist of a basket of funds that are representative of each of OBAM's asset management strategies.
This indexation will not be capped, nor will a floor be applied. As such, provisions for variable remuneration will fluctuate in line with the outperformance or underperformance of the funds representing the OBAM SAS range against their benchmark, where applicable. Where no there is no benchmark, absolute performance is used.
- Changes to the remuneration policy made during the last financial yearThe management body of the management company met on 22 December 2020 to review the general principles of the remuneration policy with members of the Compliance team and in particular the calculation methods for indexed variable remuneration (composition of indexation basket).

There were no major changes made to the remuneration policy last year.

Translation (ENIT, 2021-10-31):
# ODDO BHF
## Note ai prospetti finanziari

### Nota integrativa al bilancio
- 
##### ORGANIZZAZIONE

SICAV ODDO BHF (la "Società") è una società d'investimento a capitale variabile (Société d'Investissement à Capital Variable, "SICAV") articolata in diversi comparti e avente lo status giuridico di Société Anonyme, in conformità alla normativa in vigore nel Granducato di Lussemburgo. La Società è stata costituita in Lussemburgo in data 18 dicembre 1998 per un periodo di tempo illimitato.
Dal 1 febbraio 2016 la Società di gestione è Oddo BHF Asset Management S.A.S..
La Società risulta registrata come organismo d'investimento collettivo del risparmio ai sensi della Parte I della legge del 17 dicembre 2010 ("Legge del 2010"), e successive modificazioni, e della legge del 10 agosto 1915, e successive modificazioni.
Il suo Statuto è stato pubblicato nel "Mémorial C" del 1° febbraio 1999. Il più recente emendamento allo Statuto è stato approvato da un'assemblea generale straordinaria degli azionisti in data 2 novembre 2016 e pubblicato nel "Recueil Electronique des Sociétés et Associations" del 7 dicembre 2016. La Società è iscritta nel Registre de Commerce et de Sociétés del Tribunale distrettuale di Lussemburgo con il n° B 67 580.
Al 31 ottobre 2021, risultano emessi i comparti e le azioni seguenti:
Comparto
Sustainable Euro Corporate Bond
Valuta di base del Comparto
Classi di azioni disponibili
(Precedentemente Euro Corporate	EUR	I Azioni EUR, R Azioni EUR, N Azioni EUR, P Azioni EUR, GC Azioni EUR
| Bond) Euro High Yield Bond | EUR | I Azioni EUR, R Azioni EUR, R Azioni CHF [H], N Azioni EUR, P Azioni EUR, DP15 Azioni EUR, GC Azioni EUR |
| --- | --- | --- |
|  | EUR | I Azioni EUR, R Azioni EUR, R Azioni CHF [H], R Azioni USD [H], N Azioni EUR, |
| Euro Credit Short Duration |  | N Azioni CHF [H], N Azioni GBP [H], P Azioni CHF [H], P Azioni EUR, P Azioni CHF [H], |
|  |  | P Azioni GBP [H], P Azioni USD [H], CG Azioni EUR |
| Algo Trend Eurozone | EUR | I Azioni EUR, R Azioni EUR, N Azioni EUR, Rw Azioni EUR |
| Convertibles Global | EUR | I Azioni EUR, R Azioni EUR, R Azioni USD [H], GC Azioni EUR, N Azioni EUR |
| Objectifs Revenus | EUR | I Azioni EUR |
| Sustainable Credit Opportunities (Precedentemente Credit Opportunities) | EUR | I Azioni EUR,, I Action CHF [H], I Action USD [H], R Azioni EUR, N Azioni EUR, GC Azioni EUR, X Azioni EUR |
| Algo Trend US | EUR | I Azioni EUR, R Azioni EUR, N Azioni EUR, Iw Azioni EUR, R Azioni EUR |
| Global Credit Short Duration | EUR | I Azioni EUR, R Azioni EUR, P Azioni EUR, Pw Azioni EUR, F Azioni EUR |
|  |  | I Azioni EUR, I Azioni EUR [H], I Azioni USD, Iw Azioni EUR [H], Iw Azioni USD, |

Millennials(1)	USD
|  | Nw Azioni USD, R Azioni EUR, R Azioni EUR [H], R Azioni USD, Rw Azioni EUR, Rw Azioni EUR [H], P Azioni EUR, P Azioni EUR [H] |
| --- | --- |
| Green Planet(2) | USD | I Azioni EUR, I Azioni EUR [H], I Azioni USD, Iw Azioni EUR [H], Iw Azioni USD, N Azioni EUR, N Azioni EUR [H], N Azioni USD, Nw Azioni USD, R Azioni EUR, |
|  |  | R Azioni EUR [H, R Azioni USD, Rw Azioni EUR [H] |
| Polaris Moderate F | EUR | R Azioni EUR, N Azioni EUR |
| Polaris Balanced F | EUR | R Azioni EUR, N Azioni EUR |
| Polaris Flexible F | EUR | R Azioni EUR, N Azioni EUR |

Artificial Intelligence	USD
N Azioni EUR, N Azioni EUR [H], N Azioni USD, Nw Azioni EUR, Nw Azioni EUR [H], Nw Azioni USD, R Azioni EUR, R Azioni EUR [H], R Azioni USD, Rw Azioni EUR,
Rw Azioni EUR [H]
I Azioni EUR, I Azioni EUR [H], I Azioni USD, Iw Azioni EUR [H], Iw Azioni USD,
N Azioni EUR, N Azioni EUR [H], N Azioni USD, Nw Azioni EUR, Nw Azioni EUR [H],
Come indicato nel prospetto informativo vigente di SICAV ODDO BHF, il valore patrimoniale netto per azione riferito a ciascuna classe di ogni comparto è calcolato nella valuta di riferimento della classe di azioni.

### Nota integrativa al bilancio (segue)
- 
###### ORGANIZZAZIONE (segue)

Eventi
Il Consiglio di amministrazione della Società ha deciso di consolidare le azioni della classe di azioni DI-EUR del Comparto SICAV ODDO BHF - Objectifs Revenus con un rapporto di una nuova azione di distribuzione ogni cento vecchie azioni di distribuzione sulla base del valore patrimoniale netto calcolato il 16 settembre 2021.
Il Consiglio di amministrazione della Società ha deciso di lanciare le seguenti classi di azioni a partire dall’8 dicembre 2020:
- Azioni I USD [H] per il comparto ODDO BHF Algo Trend US;
- Azioni I USD [H] per il comparto ODDO BHF Sustainable Credit Opportunities;
- Azioni I CHF [H] per il comparto ODDO BHF Sustainable Credit Opportunities.

Il Consiglio di amministrazione della Società ha deciso di lanciare il comparto ODDO BHF Polaris Moderate F con decorrenza dal 4 ottobre 2021.
Il Consiglio di amministrazione della Società ha deciso di lanciare il comparto ODDO BHF Polaris Balanced F con decorrenza dal 4 ottobre 2021.
Il Consiglio di amministrazione della Società ha deciso di lanciare il comparto ODDO BHF Polaris Flexible F con decorrenza dal 4 ottobre 2021.
Le Azioni
Dall’11 dicembre 2017, le Classi di Azioni contenenti la lettera “I” nella loro denominazione potrebbero essere acquisite da controparti idonee e investitori professionali ai sensi della Direttiva 2014/65/UE del Parlamento europeo e del Consiglio del 15 maggio 2014 relativa ai mercati degli strumenti finanziari, come modificata dalla sola Direttiva (UE) 2016/1034 del 23 giugno 2016.
Le Classi di Azioni GC sono riservate a (i) società assicurative, autorizzate dalla Società di gestione, per rappresentare prodotti unit-linked sottoscritti come parte di contratti per “attività di consulenza” nel loro ambito, e a
(ii) clienti di ODDO BHF SCA che hanno sottoscritto un contratto di consulenza con un partner della società di consulenza in investimenti finanziari ODDO BHF SCA. Le Azioni GC possono essere Azioni ad accumulazione o Azioni a distribuzione.
Le Classi di Azioni contenenti la lettera “N” nella loro denominazione sono disponibili esclusivamente a discrezione della Società di gestione e non riconosceranno alcuna commissione di distribuzione o sconto.
A partire dall’11 dicembre 2017, le Classi di Azioni contenenti la lettera “N” nella loro denominazione sono riservate a (i) investitori che sottoscrivono attraverso un intermediario che offre il servizio di consulenza d’investimento su base indipendente in conformità con la Direttiva europea 2014/65/UE (cosiddetta “Direttiva MIFID II”), (ii) investitori che sottoscrivono attraverso un intermediario finanziario sulla base di un accordo commissionale stipulato fra l’investitore e l’intermediario, il quale specifichi che l’intermediario è retribuito esclusivamente dall’investitore,
(iii) società che offrono il servizio di gestione del portafoglio in conformità con la Direttiva MIFID II, (iv) OIC gestiti da entità del Gruppo ODDO BHF, e (v) ODDO BHF SCA per l’offerta di servizi di consulenza d’investimento basati su un accordo commissionale scritto stipulato con il suo cliente.
Le Classi di Azioni contenenti la lettera “P” nella loro denominazione possono essere offerte esclusivamente a Investitori istituzionali che abbiano precedentemente stipulato un accordo con la Società di gestione.
Le Classi di Azioni contenenti la lettera “R” nella loro denominazione possono essere acquistate da qualsiasi tipo di investitori (ossia Investitori Retail e Istituzionali).

### Nota integrativa al bilancio (segue)
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###### ORGANIZZAZIONE (segue)

Le azioni (segue)
Le Classi di Azioni contenenti la lettera “X” nella loro denominazione possono essere offerte a Investitori istituzionali solo previa stipula di un accordo individuale speciale tra l’Azionista e la Società di gestione. La Società di gestione può, a sua discrezione, decidere se stipulare un accordo individuale e come strutturare un eventuale accordo individuale speciale. Fermo restando quanto sopra, la Classe di Azioni contenente la lettera “X” nella sua denominazione e offerta dal Comparto Credit Opportunities sarà riservata alla CAVEC (Caisse d'assurance vieillesse des experts-comptables et des commissaires aux comptes).
Le Classi di Azioni contenenti la lettera "F" nella loro denominazione possono essere offerte a tutti gli investitori. La Società cesserà automaticamente e definitivamente di emettere una Classe di Azioni "F" quando le attività in gestione di tale Classe di Azioni raggiungeranno i 50 milioni di EUR o, in ogni caso, 6 mesi dopo il lancio della relativa Classe di Azioni.
Le Azioni possono essere denominate in diverse valute. Il termine “EUR” si riferisce alla moneta unica dei Paesi membro dell’UE appartenente all’Unione Economica e Monetaria, l’euro. Il termine “USD” si riferisce alla moneta degli Stati Uniti d’America, il dollaro USA. Il termine “CHF” si riferisce alla moneta della Svizzera, il franco svizzero. Il termine “GBP” si riferisce alla moneta del Regno Unito, la sterlina britannica. Il termine “CHF” si riferisce alla moneta della Svezia, la corona svedese.
Per le Classi di Azioni seguite dalla lettera [H], che sono coperte dalla Valuta di riferimento del rispettivo Comparto (fatta salva ogni regola specifica riguardante un particolare comparto), o quando la Classe di Azioni coperta è denominata nella stessa Valuta di riferimento del comparto, la Società effettuerà una copertura di queste Classi di Azioni dal rischio valutario derivante da attivi che non sono denominati nella Valuta di riferimento del comparto. Le caratteristiche delle Classi di Azioni coperte restano invariate, ad esclusione dei costi relativi alla copertura che saranno sostenuti da tali Classi. Tale operazione di copertura può incidere sul Valore patrimoniale netto di tutte le Classi di Azioni di un comparto.
Le Classi di Azioni contenenti la lettera “w” nella loro denominazione sono Classi di Azioni senza commissioni di performance.
I pagamenti per le sottoscrizioni di Classi di Azioni con la lettera “I” o “P”, Classi di Azioni “GC” e Azioni “X” in ciascun Comparto saranno effettuati nella Valuta di Riferimento del relativo Comparto o in qualsiasi altra valuta specificata dall’investitore (nel qual caso qualsiasi costo di conversione valutaria sarà a carico dell’investitore).
INFORMAZIONI GENERALI
L'assemblea generale annuale si tiene presso la sede legale della Società, ovvero in qualunque altro luogo nel Granducato di Lussemburgo indicato nell'avviso di convocazione, il primo venerdì di marzo alle ore 10.00. Nel caso in cui tale giorno non sia un giorno lavorativo bancario o legale in Lussemburgo, l'assemblea generale annuale si terrà nel giorno lavorativo immediatamente successivo. Tutte le azioni della Società sono in forma nominativa. Gli avvisi di convocazione delle assemblee generali vengono inviati agli Azionisti all'indirizzo da loro indicato nel registro degli Azionisti almeno otto giorni prima dell'assemblea. Tali avvisi, oltre a contenere l'ordine del giorno, specificano la data e il luogo della riunione nonché le condizioni di ammissione, e indicano i requisiti della legge lussemburghese del 10 agosto 1915 sulle società commerciali con riferimento al quorum minimo e alla maggioranza richiesti affinché la riunione sia valida.
L'esercizio contabile della Società ha inizio il 1° novembre di ogni anno e si conclude il 31 ottobre dell'anno successivo.
- 
##### PRINCIPALI CRITERI CONTABILI
	- P
	- RINCIPI GENERALIIl presente bilancio è stato redatto in conformità agli standard contabili generalmente riconosciuti nel Granducato di Lussemburgo applicabili agli OICVM.


Tutte le cifre indicate nel bilancio sono riportate senza decimali. Ciò potrebbe dar luogo a lievi differenze dovute agli arrotondamenti.

### Nota integrativa al bilancio (segue)

###### 2. PRINCIPALI CRITERI CONTABILI (segue)
- V
- ALUTAZIONE DELLE POSIZIONI IN TITOLIIl valore dei titoli mobiliari, degli strumenti del mercato monetario e di qualsiasi strumento finanziario quotato o negoziato in una borsa valori o in un mercato regolamentato, o in qualsivoglia altro mercato regolamentato, è generalmente attribuito in base all'ultimo prezzo noto disponibile nel mercato di riferimento prima dell'ora di valutazione. I titoli a reddito fisso non negoziati in tali mercati vengono generalmente valutati in base all'ultimo prezzo o rendimento equivalente disponibile, pervenuto da uno o più operatori o servizi di diffusione dei prezzi autorizzati dal Consiglio di amministrazione della Società; qualora tali prezzi non siano rappresentativi del valore dei titoli, questi ultimi saranno contabilizzati in base al valore equo corrispondente al prezzo di vendita previsto, individuato in buona fede dal Consiglio di amministrazione della Società oppure da altri sotto la sua direzione.

Tutti gli altri valori mobiliari, strumenti del mercato monetario e gli altri strumenti finanziari, compresi i titoli azionari e obbligazionari, i cui prezzi comunicati da un agente incaricato della loro diffusione non siano rappresentativi del valore di mercato, verranno valutati in base al valore equo individuato in buona fede con le modalità indicate dal Consiglio di amministrazione della Società.
Gli strumenti del mercato monetario con una durata residua pari o inferiore a un anno sono valutati in base al metodo del costo ammortizzato, che si avvicina al valore di mercato.
- C
- ONVERSIONE DI VALUTE ESTEREI libri e le scritture contabili di ogni comparto sono espressi nella valuta di riferimento di quest'ultimo. Gli importi espressi in altre valute sono convertiti nella valuta di riferimento secondo i criteri seguenti: (i) le valutazioni di posizioni in titoli e le altre attività e passività inizialmente espresse in altre valute sono convertite in ogni giorno di negoziazione nella valuta di riferimento, utilizzando i tassi di cambio in vigore in quel giorno di negoziazione; (ii) gli acquisti e le vendite di posizioni in titoli esteri, i proventi e le spese sono convertiti nella valuta di riferimento utilizzando i tassi di cambio in vigore alle rispettive date di tali operazioni.

Le plusvalenze e le minusvalenze nette realizzate sulle operazioni in valuta estera rappresentano: (i) plusvalenze e minusvalenze in valuta estera derivanti dalla vendita e dal possesso di valute estere; (ii) plusvalenze e minusvalenze incorse tra la data di stipula e la data di regolamento delle operazioni su titoli o derivati; (iii) plusvalenze e minusvalenze derivanti dalla differenza tra gli importi dei dividendi e interessi o altri proventi (rispettivamente spesi) registrati e gli importi realmente incassati (rispettivamente sborsati).
Le plusvalenze e le minusvalenze risultanti dalle operazioni sono riportate nel Conto economico e prospetto delle variazioni del patrimonio netto.
La valuta di riferimento del bilancio consolidato è l'euro. Il bilancio consolidato è il risultato della somma dei bilanci dei singoli comparti.
I tassi di cambio applicati al 31 ottobre 2021 sono i seguenti:
| 1 EUR = 1.54075 AUD | 1 EUR = 7.43925 DKK | 1 EUR = 9.7895 NOK | 1 EUR = 32.1814 TWD |
| --- | --- | --- | --- |
| 1 EUR = 1.43445 CAD | 1 EUR = 0.84425 GBP | 1 EUR = 4.61355 PLN | 1 EUR = 1.15725 USD |
| 1 EUR = 1.0574 CHF 1 EUR = 7.4095 CNH 1 EUR = 7.4056 CNY | 1 EUR = 9.0023 HKD 1 EUR = 131.95545 JPY 1 EUR = 1,352.3045 KRW | 1 EUR = 9.939 SEK 1 EUR = 1.56055 SGD 1 EUR = 38.40045 THB |  |

- O
- PERAZIONI SU TITOLI E PROVENTI DA POSIZIONI IN TITOLILe operazioni su titoli sono registrate in base alla data di stipula. I proventi da dividendi maturano alla data ex- dividendo, al netto della ritenuta alla fonte. I proventi da interessi sono contabilizzati in base al criterio della competenza e presentati al netto di eventuali ritenute alla fonte. I dividendi e gli interessi percepiti dalla Società sui propri investimenti possono essere soggetti a ritenuta alla fonte o ad altre imposte non recuperabili nei paesi di origine. Le plusvalenze e le minusvalenze nette realizzate sono determinate in base al prezzo medio dei titoli venduti.


### Nota integrativa al bilancio (segue)

###### 2. PRINCIPALI CRITERI CONTABILI (segue)
- C
- ONTRATTI A TERMINE SU VALUTE, FINANCIAL FUTURES, CONTRATTI DI OPZIONE E DI SWAPLa Società stipula contratti a termine su valute, financial futures, contratti di opzione e di swap, che rappresentano a vari livelli un rischio di mercato eccedente l'importo indicato nello Stato patrimoniale. L'importo dei contratti rappresenta il limite della partecipazione della Società in tali strumenti finanziari. I rischi di mercato associati ai contratti in oggetto sono imputabili alle possibili variazioni dei tassi di cambio, degli indici, dei tassi di interesse e dei valori dei titoli sottostanti.

I rischi di mercato e di credito includono inoltre l'eventualità che il mercato presenti una liquidità insufficiente per i contratti in oggetto, o che una variazione di valore dei contratti non sia in correlazione diretta con le variazioni di valore relative alle valute, agli indici o ai titoli sottostanti, oppure che la controparte di un contratto non sia in grado di adempiere agli obblighi in esso previsti.
Contratti a termine su valute
Un contratto a termine su valute è un impegno ad acquistare o vendere un importo specifico di valuta estera a un determinato tasso, in corrispondenza o prima di una certa data. I contratti a termine su valute in essere sono valutati al 31 ottobre 2021 in riferimento al tasso di cambio a termine applicabile alla scadenza dei contratti stessi. Le plusvalenze e le minusvalenze non realizzate sono indicate nello Stato patrimoniale alla voce "Plusvalenze non realizzate su contratti a termine su valute" o "Minusvalenze non realizzate su contratti a termine su valute". Le plusvalenze e le minusvalenze realizzate e la variazione delle plusvalenze/(minusvalenze) non realizzate sono iscritte nel Conto economico e prospetto delle variazioni del patrimonio netto alla voce "Plusvalenze/(minusvalenze) nette realizzate su contratti a termine su valute" e "Variazione delle plusvalenze/(minusvalenze) nette non realizzate su contratti a termine su valute".
Financial futures
Un financial futures è un impegno ad acquistare o vendere un importo standard di uno strumento finanziario a un prezzo prestabilito e a una data futura predeterminata. I contratti futures sono valutati al 31 ottobre 2021, in base all'ultima quotazione disponibile alla chiusura delle contrattazioni. Le plusvalenze e le minusvalenze non realizzate sono indicate nello Stato patrimoniale alla voce "Plusvalenze non realizzate su financial futures" o "Minusvalenze non realizzate su financial futures". Le plusvalenze e le minusvalenze realizzate e la variazione delle plusvalenze/(minusvalenze) non realizzate sono iscritte nel Conto economico e prospetto delle variazioni del patrimonio netto alla voce "Plusvalenze/(minusvalenze) nette realizzate su financial futures" e "Variazione delle plusvalenze/(minusvalenze) nette non realizzate su financial futures".
Contratti di opzione
I contratti di opzione conferiscono all'acquirente il diritto, ma non l'obbligo, di acquistare o vendere uno specifico ammontare di uno strumento finanziario a un prezzo prestabilito a una data futura predeterminata o in qualsiasi momento entro una data specificata. I contratti di opzione sono valutati al 31 ottobre 2021 e il relativo valore di mercato è indicato nello Stato patrimoniale alla voce "Contratti di opzione acquistati al valore di mercato" nella sezione dell'Attivo. I contratti di opzione sottoscritti sono valutati al 31 ottobre 2021 e il relativo valore di mercato e costo sono indicati nello Stato patrimoniale alla voce "Contratti di opzione venduti al valore di mercato" nella sezione del Passivo. Le plusvalenze e le minusvalenze realizzate e la variazione delle plusvalenze/(minusvalenze) non realizzate sono iscritte nel Conto economico e prospetto delle variazioni del patrimonio netto alla voce "Plusvalenze/(minusvalenze) nette realizzate su contratti di opzione" e "Variazione delle plusvalenze/(minusvalenze) nette non realizzate su contratti di opzione".
Swaption
La società potrebbe usare opzioni su swap ("swaption"). Una swaption è un'opzione che conferisce al titolare il diritto, ma non l'obbligo, di stipulare uno swap sottostante. Non vi sono swaption in essere al 31 ottobre 2021.
Swap su tassi d'interesse
Uno swap su tassi d'interesse è un contratto bilaterale nel quale ciascuna delle parti accetta di scambiare una serie di pagamenti di interessi (generalmente a tasso fisso/variabile) sulla base di un importo nozionale che funge da base di calcolo e che di solito non è oggetto di scambio. Gli swap su tassi d'interesse sono valutati al valore di mercato. Il metodo di valutazione utilizzato prevedeva il calcolo del valore corrente di ciascun tasso d'interesse e di capitale convertiti nella valuta di riferimento della Società alla data di chiusura dell'esercizio. Non vi sono swap su tassi d'interesse in essere al 31 ottobre 2021.

### Nota integrativa al bilancio (segue)

###### 2. PRINCIPALI CRITERI CONTABILI (Segue)
- C
- ONTRATTI A TERMINE SU VALUTE, FINANCIAL FUTURES, CONTRATTI DI OPZIONE E DI SWAP (SEGUE)Credit default swapUn credit default swap è una transazione in derivati di credito su base contrattuale, nella quale una parte effettua pagamenti periodici a favore della controparte per la durata specificata. L'altra parte non effettua alcun pagamento a meno che non si verifichi un evento di credito, relativo a un'attività di riferimento prestabilita. Qualora si verifichi un tale evento, la seconda parte effettuerà un pagamento a favore della prima, ponendo termine allo swap. I credit default swap sono valutati al valore di mercato. Il metodo di valutazione prevede il calcolo del valore corrente di ciascun tasso d'interesse e del valore corrente dello spread creditizio negoziato sui mercati, convertiti nella valuta della Società alla data di chiusura dell'esercizio. Il risultato delle rivalutazioni, unitamente agli interessi attivi e passivi relativi ai credit default swap al 31 ottobre 2021, è riportato nello Stato patrimoniale alla voce "Plusvalenze non realizzate su swap" o "Minusvalenze non realizzate su swap".

Total return swap
Un total return swap è una transazione nella quale l'acquirente riceve la performance di un'attività sottostante a fronte del pagamento dei costi di finanziamento e, in generale, di una commissione di organizzazione ("arrangement fee"). L'attività sottostante può essere, ad esempio, uno specifico titolo, un paniere di titoli, un altro strumento o un indice. I total return swap sono valutati con riferimento al valore "mark to market" basato sul valore di mercato dell'attività sottostante. Le plusvalenze e le minusvalenze non realizzate sono indicate nello Stato patrimoniale alla voce "Plusvalenze non realizzate su swap" o "Minusvalenze non realizzate su swap". Le plusvalenze e le minusvalenze realizzate e la variazione delle plusvalenze/(minusvalenze) non realizzate sono iscritte nel Conto economico e prospetto delle variazioni del patrimonio netto alla voce "Plusvalenze/(minusvalenze) nette realizzate su contratti di swap" e "Variazione delle plusvalenze/(minusvalenze) nette non realizzate su contratti di swap". Al 31 ottobre 2021 non vi sono total return swap in essere.
- CONTRATTI DI RIACQUISTO/DI RIACQUISTO INVERSOI contratti di riacquisto equivalgono al prestito di titoli e sono garantiti da attivi sottostanti, elencati nel portafoglio titoli del comparto, che rimane esposto al rischio di mercato. I contratti di riacquisto inverso equivalgono all’assunzione di titoli. In questo caso, il comparto non è soggetto al rischio di una perdita di valore per gli attivi sottostanti. I contratti di riacquisto/di riacquisto inverso sono considerati rispettivamente assunzioni e concessioni di prestiti per la somma in contanti ricevuta e/o pagata.

Le assunzioni di prestiti ai sensi dei contratti di riacquisto sono registrate nello Stato patrimoniale al valore nominale, aumentato dagli interessi maturati riportati nel Conto economico e Prospetto delle variazioni del patrimonio netto alla voce “Interessi su contratti di riacquisto”. Si rimanda alla nota 9 per i dettagli sui contratti di riacquisto in essere.
- COSTI DI TRANSAZIONEI costi di transazione sono costi sostenuti dai comparti nell'ambito delle operazioni in titoli e in financial futures, e consistono di commissioni e imposte dovute in relazione a tali operazioni.

Non vi sono commissioni di intermediazione addebitate separatamente per le operazioni in strumenti a reddito fisso e derivati (ad eccezione di financial futures e contratti di opzione). Tali costi di transazione sono inclusi nel prezzo di transazione, secondo una procedura detta di "mark up". I costi di transazione sono iscritti nel Conto economico e prospetto delle variazioni del patrimonio netto alla voce "Costi di transazione".

###### 2. PRINCIPALI CRITERI CONTABILI (Segue)
2. 
PEREQUAZIONE DEI PROVENTI
La Società applica la procedura detta di perequazione dei proventi per le classi di azioni dei comparti. Ciò implica che la quota proporzionale dei proventi e delle plusvalenze/minusvalenze realizzate che matura nel corso dell'esercizio finanziario, che gli acquirenti di azioni devono versare come parte del prezzo di sottoscrizione e che i venditori di azioni ricevono come parte del prezzo di rimborso, venga calcolata su base netta in maniera continuativa. Le spese sostenute vengono contabilizzate ai fini del calcolo della perequazione dei proventi.
La procedura di perequazione dei proventi mira a rettificare le oscillazioni nel rapporto tra i proventi e le plusvalenze/minusvalenze realizzate da un lato e le altre attività dall'altro. Tali oscillazioni sono ascrivibili agli afflussi o ai deflussi netti derivanti dall'emissione o dal rimborso di azioni. In mancanza di tale procedura, ogni afflusso netto di capitale ridurrebbe la quota di proventi e di plusvalenze/minusvalenze realizzate sul valore patrimoniale netto di un comparto, mentre ogni deflusso la incrementerebbe. Non vi è alcuna "Perequazione dei proventi" iscritta nel Conto economico al 31 ottobre 2021
.

##### 3. COMMISSIONE DI GESTIONE DEGLI INVESTIMENTI
La Società di gestione percepisce una Commissione di gestione degli investimenti prelevata dal patrimonio di ciascun comparto, corrispondente a una percentuale annua del valore patrimoniale netto giornaliero di ciascuna classe di azioni di ogni comparto. Tale commissione è pagabile posticipatamente ogni trimestre. La Società di gestione è responsabile del versamento del compenso dovuto agli eventuali Subgestori, a valere sulle commissioni da essa percepita.
| Comparto | I Azioni | Iw Azioni | R Azioni | Rw Azioni | N Azioni | N Azioni GBP | Nw Azioni |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sustainable Euro Corporate Bond | 0.45% | - | 0.90% | - | 0.65% | - | - |
| Euro High Yield Bond | 0.70% | - | 1.40% | - | 1.00% | - | - |
| Euro Credit Short Duration | 0.50% | - | 0.80% | - | 0.60% | 0.54% | - |
| Algo Trend Eurozone | 0.60% | 0.75% | 1.40% | 1.60% | 0.90% | - | 0.75% |
| Convertibles Global | 0.70% | - | 1.40% | - | 1.05% | - | - |
| Objectifs Revenus | 0.50% | - | - | - | - | - | - |
| Sustainable Credit Opportunities | 0.50% | 0.75% | 1.00% | 1.20% | 0.70% | - | 0.75% |
| Global Credit Short Duration | 0.55% | 0.65% | 0.90% | 1.00% | 0.60% | - | 0.70% |
| Algo Trend US | 0.60% | 0.70% | 1.20% | 1.40% | 0.75% | - | - |
| Millennials | 0.80% | 0.95% | 1.60% | 1.90% | 0.95% | - | 1.10% |
| Artificial Intelligence | 0.80% | 0.95% | 1.60% | 1.90% | 0.95% | - | 1.10% |
| Green Planet | 0.80% | 0.95% | 1.60% | 1.90% | 0.95% | - | 1.10% |
| Polaris Moderate F | - | - | 0.55% (1) | - | 0.40% (1) | - | - |
|  |  |  |  |  |  |  | - |
|  |  |  |  |  |  |  | - |

(1) Il comparto è stato lanciato con decorrenza dal 4 ottobre 2021. Dal lancio di queste classi di azioni, non è stata applicata alcuna commissione di gestione degli investimenti.

###### 3. COMMISSIONE DI GESTIONE DEGLI INVESTIMENTI (segue)
| Comparto | P Azioni | Pw Azioni | oN Azioni | DP15 Azioni EUR | GC Azioni	X Azioni  F Azioni |
| --- | --- | --- | --- | --- | --- |
| Sustainable Euro Corporate Bond | 0.30% | - | 0.65% | - | 0.45% | - | - |
| Euro High Yield Bond | 0.45% | - |  | 0.60% | 0.70% | - | - |
| Euro Small Cap(1) | 0.40% | - |  | - | 0.50% | - | - |
| Euro Credit Short Duration | - | - |  | - | - | - | - |
| Algo Trend Eurozone(1) | - | - |  | - | 0.70% | - | - |
| Convertibles Global | - | - |  | - | 0.50% | - | - |
| Objectifs Revenus | 0.40% | 0.65% |  | - | 0.50% | 0.50% (2) | - |
| Sustainable Credit Opportunities | 0.45% | 0.55% |  | - | - | - | 0.25% |
| Global Credit Short Duration | 0.45% | - |  | - | - | - | - |
| Algo Trend US | - | - |  | - | - | - | - |
| Millennials(3) | 0.50% | - |  | - | - | - | - |
| Artificial Intelligence | - | 0.50% |  | - | - | - | - |
| Green Planet(4) | 1.10% | - | 0.50% | - | - | - | - |
| Polaris Moderate F | - | - |  | - | - | - | - |
| Polaris Balanced F | - | - |  | - | - | - | - |
| Polaris Flexible F | - | - |  | - | - | - | - |

(2) Dal lancio di questa classe di azioni, è stata applicata una commissione di gestione degli investimenti dello 0,42% annuo.

##### 4. COMMISSIONE DI PERFORMANCE
Oltre alla commissione di gestione degli investimenti di cui alla precedente Nota 3, la Società di gestione può ricevere una Commissione collegata alla performance (la "Commissione di performance") pagabile in via posticipata ogni anno e prelevata dal patrimonio di un comparto.
Per l'esercizio chiuso al 31 ottobre 2021, il comparto Algo Trend Europe precedentemente Trend Dynamics Europe) è soggetto a una Commissione di performance pari a un importo massimo del 10%, al lordo delle imposte, della sovraperformance del comparto rispetto all'indice di riferimento, lo EU RO STOXX (Net Return), con reinvestimento dei dividendi, a condizione che la performance del comparto nel periodo di calcolo rilevante sia positiva.
Il Comparto Sustainable Credit Opportunities (precedentemente Credit Opportunities) paga una Commissione di performance massima del 10% - imposte incluse - della sovraperformance realizzata rispetto all'indice EONIA +3% (capitalizzato), a condizione che la performance del Comparto, durante il Periodo di performance, sia positiva, e prendendo atto che le Classi di Azioni contenenti la lettera “w” nella loro denominazione sono Classi di Azioni senza commissioni di performance.
Anche il Comparto Global Credit Short Duration paga una Commissione di performance massima del 10% - imposte incluse - della sovraperformance realizzata rispetto all'indice di riferimento EONIA +1,5% (capitalizzato), a condizione che la performance del Comparto, durante il Periodo di performance, sia positiva, e prendendo atto che le Classi di Azioni contenenti la lettera “w” nella loro denominazione sono Classi di Azioni senza commissioni di performance.
Il Comparto Algo Trend US paga una Commissione di performance massima del 10% - imposte incluse - della sovraperformance realizzata rispetto all'indice S&P500, a condizione che la performance del Comparto, durante il Periodo di performance, sia positiva, e prendendo atto che le Classi di Azioni contenenti la lettera “w” nella loro denominazione sono Classi di Azioni senza commissioni di performance.
Il Comparto Millennials paga una Commissione di performance massima del 20% - imposte incluse - della sovraperformance realizzata rispetto al benchmark, MSCI AC World Daily Total Return Net USD (capitalizzato), purché registri una performance positiva durante il Periodo di performance e fermo restando che le Classi di Azioni la cui denominazione include la lettera “w” sono Classi di Azioni senza commissioni di performance.
- 
###### COMMISSIONE DI PERFORMANCE (segue)

Il Comparto di Artificial Intelligence paga una commissione di performance pari al 20% massimo della sovraperformance del comparto rispetto all'indice di riferimento, MSCI World NR USD, tasse incluse, a condizione che la performance del Comparto durante il periodo di performance essere positivo e si noti che le categorie di azioni con la lettera "w" nella loro formulazione sono categorie di azioni senza commissione di performance.
Il Comparto Green Planet paga una Commissione di performance massima del 20% - imposte incluse - della sovraperformance realizzata rispetto al benchmark, l’Indice MSCI ACWI NR USD, purché registri una performance positiva durante il Periodo di performance e fermo restando che le Classi di Azioni la cui denominazione include la lettera “w” sono Classi di Azioni senza commissioni di performance.
Una Commissione di performance pari a EUR 468.853 era dovuta ed è stata pagata per l'esercizio finanziario chiuso al 31 ottobre 2021.
La Società di gestione sarà responsabile del versamento del compenso dovuto agli eventuali Gestori degli investimenti, utilizzando parte della commissione da essa percepita. La Società di gestione potrà concedere ad alcuni distributori e/o investitori uno sconto sulla commissione di gestione degli investimenti.
- 
##### COMMISSIONI DELLA BANCA

La Banca depositaria e l'Agente amministrativo sono remunerati dalla Società in conformità con le prassi di mercato vigenti.
L'agente amministrativo e il depositario hanno il diritto di ricevere una commissione dello 0,045% p.a calcolata mensilmente come percentuale del Valore patrimoniale netto di ciascuna Classe di azioni all'interno di ciascun Comparto e pagabile mensilmente in via posticipata. Queste percentuali includono anche i costi di transazione sulle transazioni di portafoglio fatturate dal depositario e dai suoi corrispondenti.
- 
##### DIVIDENDI

Il Consiglio di amministrazione della Società ha deciso di distribuire i seguenti dividendi per l'esercizio chiuso al 31 ottobre 2021:
Comparto	Classe di azioni
Dividendo per Azioni
Data ex dividendo	Data di pagamento
(Precedentemente Euro Corporate Bond)
Sustainable Euro Corporate Bond	
I Azioni EUR	EUR	0.1118	25 Novembre 2020	30 Novembre 2020
(Precedentemente Euro Corporate Bond)
Sustainable Euro Corporate Bond	
P Azioni EUR	EUR	0.1202	25 Novembre 2020	30 Novembre 2020
(Precedentemente Euro Corporate Bond)
Sustainable Euro Corporate Bond	
R Azioni EUR	EUR	0.4495	25 Novembre 2020	30 Novembre 2020
Euro Credit Short Duration	I Azioni EUR	EUR	25.8160	25 Novembre 2020	30 Novembre 2020
Euro Credit Short Duration	P Azioni EUR	EUR	0.2397	25 Novembre 2020	30 Novembre 2020
Euro Credit Short Duration	R Azioni EUR	EUR	0.1675	25 Novembre 2020	30 Novembre 2020
Euro High Yield Bond	DP15 Azioni EUR	EUR	0.3537	25 Novembre 2020	30 Novembre 2020
Euro High Yield Bond	I Azioni EUR	EUR	0.3355	25 Novembre 2020	30 Novembre 2020
Euro High Yield Bond	P Azioni EUR	EUR	0.3709	25 Novembre 2020	30 Novembre 2020
Euro High Yield Bond	R Azioni EUR	EUR	0.2246	25 Novembre 2020	30 Novembre 2020
Objectifs Revenus	I Azioni EUR	EUR	49.5121	18 Dicembre 2020	22 Dicembre 2020
Objectifs Revenus	I Azioni EUR	EUR	9.8710	19 Marzo 2021	23 Marzo 2021
Objectifs Revenus	I Azioni EUR	EUR	1.9709	18 Guigno 2021	18 Guigno 2021
| I Azioni EUR | EUR | 9.4358 | 25 Novembre 2020 | 30 Novembre 2020 |
| --- | --- | --- | --- | --- |
| R Azioni EUR | EUR | 0.9300 | 25 Novembre 2020 | 30 Novembre 2020 |

Objectifs Revenus	I Azioni EUR	EUR	39.2881	24 Septembre 2021	28 September 2021 Sustainable Credit Opportunities
(anciennement Credit Opportunities) Sustainable Credit Opportunities (anciennement Credit Opportunities)
(1) Il Comparto è stato liquidato con data di decorrenza 14 maggio 2020.
- 
##### REGIME FISCALE
	- T
	- AXE D
	- ’
	- ABONNEMENTLa Società non è soggetta ad alcuna imposta lussemburghese sul reddito o sugli utili, né a ritenute alla fonte sulle distribuzioni da essa effettuate. Tuttavia, la Società è soggetta in Lussemburgo a un'imposta di registro ("taxe d'abonnement") pari allo 0,05% annuo del proprio valore patrimoniale netto, pagabile trimestralmente sulla base del valore complessivo dei patrimoni netti dei comparti alla fine del trimestre solare considerato. Tale aliquota è pari tuttavia allo 0,01% annuo per i singoli comparti di OICR multicomparto di cui alla Legge del 2010, nonché per le singole classi di azioni emesse nell'ambito di un OICR o di un comparto di un OICR multicomparto, a condizione che i titoli di tali comparti o classi siano riservati a uno o più investitori istituzionali.


In Lussemburgo l'emissione di azioni non è soggetta a imposte di bollo o di altra natura. Non è dovuta alcuna imposta lussemburghese sulle plusvalenze realizzate sul patrimonio della Società.
- A
- CCANTONAMENTI PER IMPOSTE DOVUTE ALL'ESTEROLe plusvalenze, i dividendi e gli interessi sui titoli provenienti da paesi esteri possono essere soggetti a ritenuta alla fonte o a imposte sulle plusvalenze previste in tali paesi. La Società costituisce adeguate riserve a fronte di eventuali passività fiscali derivanti da imposte sulle plusvalenze e sui redditi applicate all'estero.
- 
##### COMMISSIONI DI RETROCESSIONE E SCONTI

Nell'ambito della distribuzione della Società in Svizzera, è possibile effettuare rimborsi dalle commissioni di gestione degli investimenti percepite – conformemente alla definizione della SFAMA (Swiss Funds & Asset Management Association) – ai seguenti investitori istituzionali che possiedono azioni della Società per aventi diritto economico terzi:
- Società di assicurazione sulla vita;
- Fondi pensione e altre istituzioni simili;
- Fondi d'investimento;
- Società di gestione di fondi d'investimento svizzere;
- Società di gestione di fondi d'investimento e fornitori esteri;
- Società d'investimento.

Nell'ambito della distribuzione della Società in Svizzera, è possibile anche pagare commissioni di retrocessione dalle commissioni di gestione degli investimenti percepite – conformemente alla definizione della SFAMA – ai seguenti distributori e partner:
- distributori autorizzati e distributori esenti dal requisito di autorizzazione;
- partner di vendita o distributori che collocano le azioni della Società esclusivamente presso investitori istituzionali con strutture di tesoreria professionali;
- partner di vendita o distributori che collocano le azioni della Società esclusivamente presso i propri clienti sulla base di un mandato discrezionale di gestione patrimoniale scritto e retribuito.

Nel corso dell'esercizio chiuso al 31 ottobre 2021 non sono stati offerti sconti e commissioni di retrocessione.
- 
##### CONTRATTI DI RIACQUISTO

Al 31 ottobre 2021, i comparti seguenti hanno stipulato contratti di riacquisto:
Euro High Yield Bond
| Valuta acquistata | Montanto acquistato | Valuta venduta | Montanto venduto | Valore di mercato (EUR) |
| --- | --- | --- | --- | --- |
| EUR | 206,000 | 30/09/26 | ALMIRALL SA | 207,531 |
| EUR | 2,000,000 | 15/01/28 | ALTICE FINCO SA | 1,898,820 |
| EUR | 900,000 | 15/02/28 | ALTICE FRANCE HOLDIN | 842,126 |
| EUR | 500,000 | 31/07/25 | AMS AG | 529,538 |
| EUR | 500,000 | 30/11/28 | BCP V MODULAR SERVIC | 500,268 |
| EUR | 732,000 | 15/05/26 | CHEMOURS CO | 740,908 |
| EUR | 600,000 | 01/04/28 | CIDRON AIDA FINCO SA | 591,774 |
| EUR | 603,000 | 15/01/26 | CMA CGM | 663,951 |
| EUR | 744,000 | 15/01/26 | CMA CGM | 819,204 |
| EUR | 119,000 | 15/04/26 | CT INVESTMENT GMBH | 121,181 |
| EUR | 100,000 | 15/02/27 | EIRCOM FINANCE | 98,699 |
| EUR | 657,000 | 14/05/27 | GOLDEN GOOSE S.P.A. | 652,427 |
| EUR | 822,000 | 15/10/26 | HSE FINANCE S.A R.L. | 845,723 |
| EUR | 1,000,000 | 15/10/26 | HSE FINANCE S.A R.L. | 1,015,400 |
| EUR | 400,000 | 30/07/26 | IDEAL STANDARD INTER | 375,266 |
| EUR | 770,000 | 15/11/27 | MATTERHORN TELECOM | 782,439 |
| EUR | 434,000 | 01/10/26 | MAXEDA DIY HOLDING B | 438,444 |
| EUR | 820,000 | 15/06/28 | NOBEL BIDCO | 790,361 |
| EUR | 1,000,000 | 15/06/28 | NOBEL BIDCO | 963,855 |
| EUR | 600,000 | 20/07/27 | PARTS EUROPE SA | 601,371 |
| EUR | 499,000 | 15/04/26 | PCF GMBH | 508,676 |
| EUR | 1,200,000 | 01/07/27 | PICARD BONDCO SA | 1,185,600 |
| EUR | 800,000 | 01/07/27 | PICARD BONDCO SA | 790,400 |
| EUR | 500,000 | 01/04/28 | RENAULT SA | 501,250 |
| EUR | 299,000 | 30/10/25 | ROSSINI SARL | 299,635 |
| EUR | 300,000 | 15/04/26 | SAPPI PAPIER HOLDING | 303,158 |
| EUR | 182,000 | 01/07/25 | SYNTHOMER PLC | 187,292 |
| EUR | 266,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 269,945 |
| EUR | 449,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 447 024 |
| EUR | 897,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 893,053 |
| EUR | 103,000 | 03/10/78 | VODAFONE GROUP | 114,946 |
| EUR | 400,000 | 06/05/27 | ZF FINANCE GMBH | 400,764 |
| EUR | 278,000 | 28/02/30 | ZIGGO BOND COMPANY | 274,410 |

Euro Credit Short Duration
| Valuta acquistata | Montanto acquistato | Valuta venduta | Montanto venduto | Valore di mercato (EUR) |
| --- | --- | --- | --- | --- |
| EUR | 588,000 | 30/09/26 | ALMIRALL SA | 592,369 |
| EUR | 233,000 | 31/07/25 | AMS AG | 246,764 |
| EUR | 1,350,000 | 19/05/23 | ARCELORMITTAL | 1,368,212 |
| EUR | 700,000 | 19/11/25 | ARCELORMITTAL SA | 732,435 |
| EUR | 300,000 | 15/04/26 | CT INVESTMENT GMBH | 305,498 |
| EUR | 329,000 | 15/04/26 | CT INVESTMENT GMBH | 335,029 |


###### 9. CONTRATTI DI RIACQUISTO (segue)
Euro Credit Short Duration
| Valuta acquistata | Montanto acquistato | Valuta venduta | Montanto venduto | Valore di mercato (EUR) |
| --- | --- | --- | --- | --- |
| EUR | 352,000 | 13/09/23 | DOMETIC GROUP AB | 367,972 |
| EUR | 927,000 | 13/09/23 | DOMETIC GROUP AB | 969,063 |
| EUR | 772,000 | 13/09/23 | DOMETIC GROUP AB | 807,030 |
| EUR | 300,000 | 13/09/23 | DOMETIC GROUP AB | 313,613 |
| EUR | 302,000 | 13/09/23 | DOMETIC GROUP AB | 315,703 |
| EUR | 670,000 | 13/09/23 | DOMETIC GROUP AB | 700,401 |
| EUR | 1,849,000 | 01/11/24 | EIRCOM FINANCE | 1,854,492 |
| EUR | 300,000 | 01/11/24 | EIRCOM FINANCE | 300,891 |
| EUR | 600,000 | 11/05/23 | FCE BANK PLC | 611,892 |
| EUR | 542,000 | 30/05/24 | FNAC DARTY SA | 545,924 |
| EUR | 200,000 | 30/05/24 | FNAC DARTY SA | 201,448 |
| EUR | 200,000 | 15/07/25 | GAMMA BIDCO S.P.A. | 201,714 |
| EUR | 600,000 | 01/03/26 | GOLDSTORY SAS | 617,439 |
| EUR | 200,000 | 01/05/25 | GRIFOLS SA | 200,644 |
| EUR | 347,000 | 15/10/26 | HSE FINANCE S.A R.L. | 357,014 |
| EUR | 200,000 | 30/07/26 | IDEAL STANDARD INTER | 187,633 |
| EUR | 700,000 | 20/06/22 | K S REGS | 710,640 |
| EUR | 1,000,000 | 06/12/21 | K S REGS | 1,003,355 |
| EUR | 564,000 | 15/09/24 | MATTERHORN TELECOM | 566,933 |
| EUR | 200,000 | 15/09/24 | MATTERHORN TELECOM | 201,040 |
| EUR | 730,000 | 15/09/24 | MATTERHORN TELECOM | 733,796 |
| EUR | 1,200,000 | 28/04/23 | MOL HUNGARIAN OIL | 1,246,050 |
| EUR | 1,900,000 | 08/08/23 | NEXANS SA | 1,994,221 |
| EUR | 300,000 | 08/08/23 | NEXANS SA | 314,877 |
| EUR | 800,000 | 08/08/23 | NEXANS SA | 839,672 |
| EUR | 1,100,000 | 31/10/24 | NEXI SPA | 1,119,668 |
| EUR | 607,000 | 15/07/26 | NOBIAN FINANCE B.V. | 589,707 |
| EUR | 700,000 | 18/07/22 | OTE PLC | 712,670 |
| EUR | 266,000 | 15/04/26 | PCF GMBH | 271,158 |
| EUR | 200,000 | 15/04/26 | PCF GMBH | 203,878 |
| EUR | 792,000 | 15/04/26 | PCF GMBH | 807,357 |
| EUR | 100,000 | 05/08/26 | PHOENIX PIB DUTCH FI | 102,831 |
| EUR | 300,000 | 05/08/26 | PHOENIX PIB DUTCH FI | 308,493 |
| EUR | 223,000 | 30/10/25 | ROSSINI SARL | 223,474 |
| EUR | 2,471,000 | 26/03/22 | SCHAEFFLER AG | 2,478,858 |
| EUR | 600,000 | 22/03/24 | SPIE SA | 627,981 |
| EUR | 940,000 | 01/07/25 | SYNTHOMER PLC | 967,331 |
| EUR | 322,000 | 01/07/25 | SYNTHOMER PLC | 331,362 |
| EUR | 812,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 824,042 |
| EUR | 100,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 101,483 |
| EUR | 560,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 557,536 |
| EUR | 1,120,000 | 15/09/25 | VIRIDIAN GRP FINANCE | 1,115,072 |

- 
###### CONTRATTI DI RIACQUISTO (segue)

Global Credit Short Duration
| Valuta acquistata | Montanto acquistato | Valuta venduta | Montanto venduto | Valore di mercato (EUR) |
| --- | --- | --- | --- | --- |
| EUR | 233,000 | 31/07/25 | AMS AG | 246,764 |
| EUR | 115,000 | 13/09/23 | DOMETIC GROUP AB | 120,218 |
| EUR | 151,000 | 01/11/24 | EIRCOM FINANCE | 151,448 |
| EUR | 434,000 | 22/11/24 | GAZ CAPITAL | 451,753 |
| EUR | 109,000 | 15/09/24 | MATTERHORN TELECOM | 109,567 |
| EUR | 153,000 | 15/09/24 | MATTERHORN TELECOM | 153,796 |
| EUR | 101,000 | 15/04/26 | PCF GMBH | 102,958 |
| EUR | 100,000 | 05/08/26 | PHOENIX PIB DUTCH FI | 102,831 |
| EUR | 100,000 | 22/03/24 | SPIE SA | 104,664 |
| EUR | 157,000 | 01/07/25 | SYNTHOMER PLC | 161,565 |
| EUR | 100,000 | 01/10/26 | VERDE BIDCO SPA ITAL | 101,483 |

ODDO BHF SCA è la controparte per le operazioni di riacquisto.
- 
##### PROSPETTO DELLE VARIAZIONI IN PORTAFOGLIO

Il prospetto indicante le variazioni intervenute nel portafoglio titoli nel corso dell'esercizio chiuso al 31 ottobre 2021 è disponibile gratuitamente presso la sede legale della Società e presso gli Agenti pagatori e informativi della Società.
- 
##### PARTI CORRELATE

Nel corso del 2021 la Società ha investito il suo patrimonio in quote di altri fondi d'investimento promossi da Oddo BHF Asset Management S.A.S. Dato che la Società intende investire in altri fondi d'investimento target, potrebbe verificarsi una duplicazione delle commissioni di gestione, sottoscrizione, rimborso e conversione per i comparti che effettuano tali investimenti. La Società si adopera per assicurare che ai comparti che investono in fondi d'investimento target sia applicabile il livello minimo di commissioni sottostanti.
Una commissione di gestione dello 0,04% annuo è a carico del comparto Oddo BHF Jour CR-EUR nel quale al 31 ottobre 2021 sono investiti i comparti ODDO BHF - Objectifs Revenus.
Una commissione di gestione dello 0,40% annuo è a carico del comparto Oddo BHF Euro Short Term BD CR EUR CAP nel quale al 31 ottobre 2021 sono investiti i comparti ODDO BHF - Objectifs Revenus.
Gli Amministratori non percepiscono alcuna commissione abituale per i servizi prestati alla Società per l'esercizio chiuso il 31 ottobre 2021.
- 
##### COMPENSI PROFESSIONALI

La voce “Compensi professionali” nel Conto economico e variazioni del patrimonio netto è composta da commissioni della CSSF, compensi per la revisione contabile, diritti di registrazione, Compensi professionali, commissioni FINMA e altre spese legali.
- 
##### SWING PRICING

Qualora in qualsiasi giorno di negoziazione le operazioni complessive in quote di tutte le classi di un Comparto determinino un aumento o un decremento netto delle quote superiore a una soglia, il valore patrimoniale netto del Comparto pertinente potrà essere rettificato di un importo che riflette sia i costi di negoziazione stimati sostenuti dal Fondo che il differenziale denaro-lettera stimato delle attività in cui investe il Fondo. La politica di swing pricing è descritta nel prospetto.
- 
###### SWING PRICING (segue)

La SICAV utilizza la metodologia dello swing parziale, con un coefficiente di aggiustamento chiamato fattore di swing. Per ulteriori e maggiori informazioni, gli investitori possono consultare la politica di swing pricing sul seguente sito web https://am.oddo-bhf.com (parte delle informazioni sulle normative).
Nell’anno in esame, è stato applicato un fattore di swing pricing al Valore patrimoniale netto dei Comparti seguenti: ODDO BHF Sustainable Euro Corporate Bond
ODDO BHF Euro High Yield Bond ODDO BHF Global Credit Short Duration ODDO BHF Euro Credit Short Duration
A partire dal 31 ottobre 2021, non è stato applicato alcun fattore di swing pricing.
Si informano gli azionisti che la precedente misura, ossia “il fattore di swing di norma non supererà il 2% del valore patrimoniale netto del Compart, salvo in caso di condizioni di mercato eccezionali” è stata cancellata e non sarà più applicabile.
- 
##### MASTER / FEEDER

Il Comparto Polaris Moderate F è un fondo feeder di ODDO BHF Polaris Moderate (di seguito il “Fondo Master”) e investirà permanentemente dall’85% al 100% del suo patrimonio netto in quote del Fondo Master e fino al 15% in liquidità su base accessoria.
Il Comparto Polaris Balanced F è un fondo feeder di ODDO BHF Exklusiv: Polaris Balanced (di seguito “Fondo Master”) è un comparto di ODDO BHF Exklusiv. Il Comparto investirà permanentemente dall’85% al 100% del suo patrimonio netto in quote del Fondo Master e fino al 15% in liquidità su base accessoria.
Il Comparto Polaris Flexible F è un fondo feeder di ODDO BHF Polaris Flexible (di seguito il “Fondo Master”) e investirà permanentemente dall’85% al 100% del suo patrimonio netto in quote del Fondo Master e fino al 15% in liquidità su base accessoria.
I comparti feeder investono nelle classi ID dei rispettivi fondi master come segue, al 31 ottobre 2021.
| Comparto feeder | Fundo Master | % della class ID |
| --- | --- | --- |
| Polaris Moderate F | ODDO BHF Polaris Moderate | 0.00 |
| Polaris Balanced F | ODDO BHF Exklusiv: Polaris Balanced | 0.00 |
| Polaris Flexible F | ODDO BHF Polaris Flexible | 0.00 |

Le strategie di investimento dei Fondi Master sono disponibili nelle schede informative dei corrispondenti comparti, nel prospetto della Società.
Al 31 ottobre 2021, tutte le commissioni dei fondi feeder e master sono le seguenti:
| Comparto feeder | Commissioni totali in EUR | % VPN 31.10.2021 |
| --- | --- | --- |
| Polaris Moderate F | 0.00 | 0.00 |
| Fundo Master | Commissioni totali in EUR | % VPN 31.10.2021 |
| ODDO BHF Polaris Moderate | 3,564,254.66 | 0.23 |
| Comparto feeder | Commissioni totali in EUR | % VPN 31.10.2021 |
| Polaris Moderate F | 0.00 | 0.00 |

| 15. MASTER / FEEDER (segue) |  | % VPN |  |
| --- | --- | --- | --- |
| Fundo Master | Commissioni totali in EUR | 31.10.2021 |
| ODDO BHF Exklusiv: Polaris Balanced | 985,280.11 | 0.10 |
| Comparto feeder | Commissioni totali in EUR | % VPN 31.10.2021 |
| Polaris Flexible F | 0.00 | 0.00 |  |
| Fundo Master | Commissioni totali in EUR | % VPN 31.10.2021 |  |
| ODDO BHF Polaris Flexible | 637,860.13 | 0.12 |  |

- 
##### NAV ERRATO

A causa di una doppia contabilizzazione di un cambio a termine, il NAV di fine ottobre 2020 del comparto ODDO BHF Convertible Global è stato sottovalutato di 194.447 euro
In realtà, il NAV corretto è 13.634.864 euro
|  | Valore patrimoniale netto per azione al 31.10.2020 |
| --- | --- |
| Comparto | NAV Correta | NAV Errato |
| Net asset value in EUR | 13,634,864 | 13,440,417 |
| I Shares EUR - Capitalisation | 1,203.30 | 1,186.14 |
| R Shares EUR - Capitalisation | 116.88 | 115.21 |
| R Shares USD [H] - Capitalisation | 126.79 | 124.98 |
| GC Shares EUR - Capitalisation | 120.19 | 118.48 |
| N Shares EUR - Capitalisation | 103.64 | 102.17 |

- 
##### EVENTI SUCCESSIVI

La distribuzione dei dividendi è avvenuta a novembre e dicembre 2021:
Comparto	Classe di azioni
Dividendo per Azioni
Data ex dividendo	Data di pagamento
Sustainable Euro Corporate Bond	I Azioni EUR	EUR	0.1411	30 November 2021	3 Dicember 2021 (precedentemente Euro Corporate Bond)
Sustainable Euro Corporate Bond	P Azioni EUR	EUR	0.1481	30 November 2021	3 Dicember 2021 (precedentemente Euro Corporate Bond)
Sustainable Euro Corporate Bond	R Azioni EUR	EUR	0.6848	30 November 2021	3 Dicember 2021 (precedentemente Euro Corporate Bond)
Euro Credit Short Duration	I Azioni EUR	EUR	24.3419	30 November 2021	3 Dicember 2021
Euro Credit Short Duration	P Azioni EUR	EUR	0.2262	30 November 2021	3 Dicember 2021
Euro Credit Short Duration	R Azioni EUR	EUR	0.2140	30 November 2021	3 Dicember 2021
Euro High Yield Bond	P15 Azioni EUR	EUR	0.3580	30 November 2021	3 Dicember 2021
Euro High Yield Bond	I Azioni EUR	EUR	0.3390	30 November 2021	3 Dicember 2021
Euro High Yield Bond	P Azioni EUR	EUR	0.3759	30 November 2021	3 Dicember 2021
Euro High Yield Bond	R Azioni EUR	EUR	0.2247	30 November 2021	3 Dicember 2021
Global Credit Short Duration	Pw Azioni EUR	EUR	29.9845	30 November 2021	3 Dicember 2021
Artificial Intelligence	P Azioni EUR	EUR	61.9228	30 November 2021	3 Dicember 2021
Artificial Intelligence	R Azioni USD	USD	8.4505	30 November 2021	3 Dicember 2021
Artificial Intelligence	I Azioni USD	USD	8.6877	30 November 2021	3 Dicember 2021
| I Azioni USD | USD | 63.8847 | 30 November 2021 | 3 Dicember 2021 |
| --- | --- | --- | --- | --- |
| I Azioni EUR | EUR | 20.5862 | 30 November 2021 | 3 Dicember 2021 |
| R Azioni EUR | EUR | 1.15118 | 30 November 2021 | 3 Dicember 2021 |
| I Azioni EUR | EUR | 7.83114 | 20 Dicember 2021 | 22 Dicember 2021 |

Green Planet	R Azioni USD	USD	6.3085	30 November 2021	3 Dicember 2021 Green Planet
Sustainable Credit Opportunities (precedentement Credit Opportunities) Sustainable Credit Opportunities (precedentement Credit Opportunities) Objectifs Revenus

##### ALLEGATO 1
TOTAL EXPENSE RATIO
L'indice "TER" (Total Expense Ratio) esprime il totale delle spese e commissioni addebitate al patrimonio netto della Società (spese operative) su base ricorrente, considerato retroattivamente per gli ultimi 12 mesi come percentuale del patrimonio netto. Il TER è calcolato conformemente alle direttive emesse dalla Swiss Fund and Asset Management Association (SFAMA) il 16 maggio 2008 e successivamente modificate il 20 aprile 2015. I costi di transazione non sono inclusi nel calcolo del TER.
TER al 31 ottobre 2021
| Comparto | Classe di azioni | Codice ISIN | TER (%) | Commissioni di performance (%) |
| --- | --- | --- | --- | --- |
| Euro Corporate Bond | I Shares EUR - Capitalisation | LU0145975065 | 0.53 | 0.00 |
| Euro Corporate Bond | I Shares EUR - Distribution | LU0145975149 | 0.52 | 0.00 |
| Euro Corporate Bond | R Shares EUR - Capitalisation | LU0145975222 | 1.01 | 0.00 |
| Euro Corporate Bond | N Shares EUR - Capitalisation | LU1752464104 | 0.77 | 0.00 |
| Euro Corporate Bond | oN Shares EUR – Capitalisation | LU2291339005 | 0.12 | 0.00 |
| Euro Corporate Bond | P Shares EUR - Distribution | LU0456625358 | 0.38 | 0.00 |
| Euro Corporate Bond | R Shares EUR - Distribution | LU1815136756 | 1.02 | 0.00 |
| Euro High Yield Bond | I Shares EUR - Capitalisation | LU0115288721 | 0.79 | 0.00 |
| Euro High Yield Bond | I Shares EUR - Distribution | LU0115293481 | 0.78 | 0.00 |
| Euro High Yield Bond | R Shares EUR - Capitalisation | LU0115290974 | 1.52 | 0.00 |
| Euro High Yield Bond | R Shares EUR - Distribution | LU0243919577 | 1.52 | 0.00 |
| Euro High Yield Bond | R Shares CHF [H] - Capitalisation | LU1486847319 | 1.53 | 0.00 |
| Euro High Yield Bond | N Shares EUR - Capitalisation | LU1486847152 | 1.12 | 0.00 |
| Euro High Yield Bond | P Shares EUR - Capitalisation | LU0456627131 | 0.53 | 0.00 |
| Euro High Yield Bond | P Shares EUR - Distribution | LU0456627214 | 0.53 | 0.00 |
| Euro High Yield Bond | DP15 Shares EUR - Distribution | LU0456627487 | 0.68 | 0.00 |
| Euro High Yield Bond | GC Shares EUR - Capitalisation | LU1551630038 | 0.83 | 0.00 |
| Euro Credit Short Duration | I Shares EUR - Capitalisation | LU0628638032 | 0.58 | 0.00 |
| Euro Credit Short Duration | I Shares EUR - Distribution | LU1486846261 | 0.59 | 0.00 |
| Euro Credit Short Duration | R Shares EUR - Capitalisation | LU1486845537 | 0.92 | 0.00 |
| Euro Credit Short Duration | R Shares EUR - Distribution | LU0628638974 | 0.70 | 0.00 |
| Euro Credit Short Duration | R Shares CHF [H] - Capitalisation | LU1486845701 | 0.92 | 0.00 |
| Euro Credit Short Duration | R Shares USD [H] - Capitalisation | LU1486845610 | 0.92 | 0.00 |
| Euro Credit Short Duration | N Shares EUR - Capitalisation | LU1486845883 | 0.72 | 0.00 |
| Euro Credit Short Duration | N Shares CHF [H] - Capitalisation | LU1486845966 | 0.72 | 0.00 |
| Euro Credit Short Duration | P Shares EUR - Capitalisation | LU0628638206 | 0.48 | 0.00 |
| Euro Credit Short Duration | P Shares EUR - Distribution | LU0628638388 | 0.48 | 0.00 |
| Euro Credit Short Duration | P Shares CHF [H] - Capitalisation | LU1486846428 | 0.48 | 0.00 |
| Euro Credit Short Duration | P Shares USD [H] - Capitalisation | LU1486846774 | 0.48 | 0.00 |
| Euro Credit Short Duration | GC Shares EUR - Capitalisation | LU1752464799 | 0.61 | 0.00 |
| Algo Trend Eurozone | I Shares EUR - Capitalisation | LU1361561365 | 0.72 | 0.00 |
| Algo Trend Eurozone | R Shares EUR - Capitalisation | LU1361561100 | 1.55 | 0.00 |
| Algo Trend Eurozone | Rw Shares EUR - Distribution | LU1361561282 | n/a | n/a |
| Algo Trend Eurozone | N Shares EUR - Capitalisation | LU1752465929 | 1.05 | 0.00 |
| Convertibles Global | I Shares EUR - Capitalisation | LU1493432618 | 0.81 | 0.00 |


###### ALLEGATO 1 (segue)
TOTAL EXPENSE RATIO (segue)
TER al 31 ottobre 2021 (segue)
| Comparto | Classe di azioni | Codice ISIN | TER (%) | Commissioni di performance (%) |
| --- | --- | --- | --- | --- |
| Convertibles Global | N Shares EUR - Capitalisation | LU1752466141 | 1.17 | 0.00 |
| Convertibles Global | R Shares CHF - Capitalisation | LU1493433343 | 1.46 | 0.00 |
| Convertibles Global | R Shares EUR - Capitalisation | LU1493433004 | 1.55 | 0.00 |
| Convertibles Global | R Shares USD [H] - Capitalisation | LU1493433186 | 1.51 | 0.00 |
| Convertibles Global | GC Shares EUR - Capitalisation | LU1493433426 | 0.84 | 0.00 |
| Objectifs Revenus | I Shares EUR - Capitalisation | LU1493433699 | 0.59 | 0.00 |
| Objectifs Revenus | I Shares EUR - Distribution | LU1493433772 | 0.57 | 0.00 |
| Sustainable Credit Opportunities | I Shares EUR - Capitalisation | LU1752459799 | 0.58 | 0.11 |
| Sustainable Credit Opportunities | I Shares EUR - Distribution | LU1785344166 | 0.58 | 0.15 |
| Sustainable Credit Opportunities | I Shares CHF - Capitalisation | LU2270288314 | 0.52 | 0.00 |
| Sustainable Credit Opportunities | I Shares USD - Capitalisation | LU2270288405 | 0.54 | 0.00 |
| Sustainable Credit Opportunities | P Shares EUR - Capitalisation | LU1752461183 | 0.43 | 0.00 |
| Sustainable Credit Opportunities | R Shares EUR - Capitalisation | LU1752460292 | 1.12 | 0.16 |
| Sustainable Credit Opportunities | R Shares EUR - Distribution | LU1785344083 | 1.12 | 0.12 |
| Sustainable Credit Opportunities | R Shares SEK - Distribution | LU1752463122 | n/a | n/a |
| Sustainable Credit Opportunities | N Shares EUR - Capitalisation | LU1752460706 | 0.82 | 0.12 |
| Sustainable Credit Opportunities | GC Shares EUR - Capitalisation | LU1752461696 | 0.62 | 0.21 |
| Sustainable Credit Opportunities | Xw Shares EUR - Capitalisation | LU1752462587 | 0.50 | 0.00 |
| Algo Trend US | I Shares EUR - Capitalisation | LU1833929307 | 0.69 | 0.00 |
| Algo Trend US | IW Shares EUR - Capitalisation | LU1833929992 | 0.78 | 0.00 |
| Algo Trend US | R Shares EUR - Distribution | LU1833929646 | n/a | n/a |
| Algo Trend US | R Shares EUR - Capitalisation | LU1833929729 | 1.32 | 0.00 |
| Algo Trend US | N Shares EUR - Capitalisation | LU1833929216 | 0.87 | 0.00 |
| Global Credit Short Duration | I Shares EUR - Capitalisation | LU1833930578 | 0.63 | 0.18 |
| Global Credit Short Duration | R Shares EUR - Capitalisation | LU1833930495 | 1.02 | 0.16 |
| Global Credit Short Duration | Pw Shares EUR - Capitalisation | LU1833931113 | 0.63 | 0.00 |
| Global Credit Short Duration | P Shares EUR - Distribution | LU1833930735 | 0.53 | 0.17 |
| Global Credit Short Duration | F Shares EUR - Capitalisation | LU1833930222 | 0.37 | 0.58 |
| Millennials | I Shares EUR - Capitalisation | LU1833931204 | 0.89 | 0.25 |
| Millennials | I Shares EUR [H] - Capitalisation | LU1833931386 | 0.90 | 0 |
| Millennials | I Shares USD - Capitalisation | LU2003710972 | 0.44 | 0 |
| Millennials | IW Shares EUR [H] - Capitalisation | LU1833931972 | 1.05 | 0 |
| Millennials | IW Shares USD - Capitalisation | LU1833932277 | 0.47 | 0 |
| Millennials | N Shares EUR - Capitalisation | LU1833931626 | 1.09 | 0 |
| Millennials | N Shares EUR [H] - Capitalisation | LU2003710899 | 1.09 | 0 |
| Millennials | N Shares USD - Capitalisation | LU2003711277 | 1.07 | 0 |
| Millennials | NW Shares EUR - Capitalisation | LU2003711434 | 0.49 | 0 |
| Millennials | NW Shares EUR [H] - Capitalisation | LU2003711350 | 1.18 | 0 |
| Millennials | NW Shares USD - Capitalisation | LU2003711517 | 0.52 | 0 |
| Millennials | R Shares EUR - Capitalisation | LU1833931469 | 1.73 | 0 |

| Sub-Funds | Share Class | Code ISIN | TER without performance fees (in %) | Performance fees (in %) |
| --- | --- | --- | --- | --- |
| Millennials | R Shares EUR [H] - Capitalisation | LU1833931543 | 1.69 | 0 |
| Millennials | R Shares USD - Capitalisation | LU2003711194 | 2.41 | 0 |
| Millennials | RW Shares EUR - Capitalisation | LU1833932194 | 2.34 | 0 |
| Millennials | Rw Shares EUR [H] - Capitalisation | LU1833932350 | 2.00 | 0 |
| Artificial Intelligence | I Shares EUR - Capitalisation | LU1833932434 | 0.89 | 0.00 |
| Artificial Intelligence | I Shares EUR [H] - Capitalisation | LU1833933242 | 0.94 | 0.00 |
| Artificial Intelligence | I Shares USD - Capitalisation | LU1833932517 | 0.88 | 0.42 |
| Artificial Intelligence | I Shares USD - Distribution | LU1919842341 | 0.87 | 0.05 |
| Artificial Intelligence | Iw Shares EUR [H] - Capitalisation | LU1833932947 | 1.04 | 0.00 |
| Artificial Intelligence | Iw Shares USD [H] - Capitalisation | LU1833933325 | 1.04 | 0.00 |
| Artificial Intelligence | P Shares EUR [H] - Capitalisation | LU2209755847 | n/a | n/a |
| Artificial Intelligence | P Shares EUR - Distribution | LU2209778385 | 0.54 | 0.01 |
| Artificial Intelligence | R Shares EUR - Capitalisation | LU1919842267 | 1.73 | 0.00 |
| Artificial Intelligence | R Shares EUR [H] - Capitalisation | LU1833932608 | 1.73 | 0.04 |
| Artificial Intelligence | R Shares USD - Capitalisation | LU1833932780 | 1.73 | 0.13 |
| Artificial Intelligence | R Shares USD - Distribution | LU1919842853 | 1.72 | 0.08 |
| Artificial Intelligence | Rw Shares EUR [H] - Capitalisation | LU1833933085 | 2.03 | 0.00 |
| Artificial Intelligence | N Shares EUR - Capitalisation | LU1919842424 | 1.08 | 0.01 |
| Artificial Intelligence | N Shares EUR [H] - Capitalisation | LU1833932863 | 1.08 | 0.01 |
| Artificial Intelligence | N Shares USD - Capitalisation | LU1919842697 | 1.08 | 0.02 |
| Artificial Intelligence | Nw Shares USD - Capitalisation | LU1919842937 | 1.23 | 0.00 |
| Green Planet | I Shares EUR - Capitalisation | LU2189930287 | 0.89 | 0.00 |
| Green Planet | I shares EUR [H] - Capitalisation | LU2189929438 | 0.89 | 0.00 |
| Green Planet | I Shares USD - Distribution | LU2189930873 | 0.89 | 0.00 |
| Green Planet | I Shares USD - Capitalisation | LU2189929941 | 0.88 | 0.00 |
| Green Planet | IW Shares EUR [H] - Capitalisation | LU2189929602 | 1.05 | 0.00 |
| Green Planet | IW Shares USD - Capitalisation | LU2189930527 | 1.04 | 0.00 |
| Green Planet | N Shares EUR - Capitalisation | LU2189930360 | 1.08 | 0.00 |
| Green Planet | N Shares EUR [H] - Capitalisation | LU2189929784 | 1.08 | 1.21 |
| Green Planet | N Shares USD - Capitalisation | LU2189930444 | 1.08 | 0.08 |
| Green Planet | NW Shares USD - Capitalisation | LU2189930956 | 1.24 | 0.00 |
| Green Planet | R Shares EUR - Capitalisation | LU2189930105 | 1.73 | 0.00 |
| Green Planet | R Shares EUR [H] - Capitalisation | LU2189929511 | 1.74 | 0.00 |
| Green Planet | R Shares USD - Capitalisation | LU2189930014 | 1.73 | 0.00 |
| Green Planet | R Shares USD - Distribution | LU2189930790 | 1.67 | 1.80 |
| Green Planet | RW Shares EUR [H] - Capitalisation | LU2189929867 | 2.06 | 0.00 |
| Polaris Flexible F | N Shares EUR - Capitalisation | LU2324315477 | n/a | n/a |
| Polaris Flexible F | R Shares EUR - Capitalisation | LU2324315634 | n/a | n/a |
| Polaris Balanced F | N Shares EUR - Capitalisation | LU2324315717 | n/a | n/a |
| Polaris Balanced F | R Shares EUR - Capitalisation | LU2324315980 | n/a | n/a |

- Classe di azioni attivata negli ultimi 12 mesi. Il calcolo su base annua è solo indicativo. “n/d” si riferisce alle classi di azioni:
	- operative da meno di tre mesi
	- con un basso livello di attivi e per le quali il TER non è rappresentativo
	- che hanno chiuso;



#### SICAV ODDO BHF
APPENDICEE (non certificata)

##### ALLEGATO 2 - PERFORMANCE HISTORICHE
|  | ISIN code | Creation date | Share | Curren cy | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

Year To Date Year To Date  1 Month	1 Year	1 Year	1 Year  3 Years  3 Years  5 Years  5 Years	5 Years Since Inception  43100  42735  42735  42735	42369  43465  43098  42734  42734	31.12.2015	42004
| FIXED INCOME |  |  |
| --- | --- | --- |

TOTAL RETURN
| MULTI ASSET CREDIT | ODDO BHF Sustainable Credit Opportunities CI-EUR | LU1752459799 | 07.09.2018 | CI-EUR | EUR | - | - | - | - | 4.2% | 3.0% | 3.8% | 4.6% | - | - | - | - | 2.6% | 6.7% | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.80 | 0.53 | 2.67 | - | - | - | - | - | - |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Sustainable Credit Opportunities CN-EUR | LU1752460706 | 07.09.2018 | CN-EUR | EUR | - | - | - | - | 3.7% | 2.7% | 3.7% | 4.4% | - | - | - | - | 2.5% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.38 | 0.49 | 2.55 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities CXw-EUR | LU1752462587 | 07.09.2018 | CXw-EUR | EUR | - | - | - | - | 4.3% | 3.1% | 4.1% | 4.9% | - | - | - | - | 2.6% | - | 2.1% | - | - | - | - | - | - |  | - | - | - | - | 1.58 | 0.62 | 2.55 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities DI-EUR | LU1785344166 | 07.09.2018 | DI-EUR | EUR | - | - | - | - | 4.2% | 3.5% | 3.8% | 4.6% | - | - | - | - | 2.6% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.56 | 0.52 | 2.67 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities DR-EUR | LU1785344083 | 07.09.2018 | DR-EUR | EUR | - | - | - | - | 3.7% | 1.9% | 3.5% | 4.1% | - | - | - | - | 2.6% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.36 | 0.37 | 2.41 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities GC-EUR | LU1752461696 | 07.09.2018 | GC-EUR | EUR | - | - | - | - | 4.0% | 2.9% | 3.8% | 4.6% | - | - | - | - | 2.5% | - | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.52 | 0.52 | 2.66 | - | - | - | - | - | - |  |
| ODDO BHF Sustainable Credit Opportunities CR-EUR | LU1752460292 | 07.09.2018 | CR-EUR | EUR | - | - | - | - | 3.7% | 2.5% | 3.5% | 4.1% | - | - | - | - | 2.6% | 6.7% | 1.9% | - | - | - | - | - | - |  | - | - | - | - | 1.36 | 0.45 | 2.41 | - | - | - | - | - | - |  |

GLOBAL CREDIT
| SHORT DURATION | ODDO BHF Global Credit Short Duration CF-EUR | LU1833930222 | 22.10.2018 | CF-EUR | EUR | - | - | - | - | 2.1% | -0.8% | 2.3% | 2.7% | - | - | - | - | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | - | 1.98 | -0.04 | 1.94 | - | - | - | - | - | - |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Global Credit Short Duration CI-EUR | LU1833930578 | 27.11.2018 | CI-EUR | EUR | - | - | - | - | 2.5% | -1.0% | 2.2% | 2.5% | - | - | - | - | - | 7.9% | 1.4% | - | - | - | - | - | - |  | - | - | - | - | - | -0.07 | 1.82 | - | - | - | - | - | - |  |
| ODDO BHF Global Credit Short Duration CR-EUR | LU1833930495 | 07.11.2018 | CR-EUR | EUR | - | - | - | - | 1.4% | -1.4% | 2.0% | 2.1% | - | - | - | - | - | 7.9% | 1.4% | - | - | - | - | - | - |  | - | - | - | - | - | -0.12 | 1.44 | - | - | - | - | - | - |  |
| ODDO BHF Global Credit Short Duration DPw-EUR | LU1833931113 | 23.10.2018 | DPw-EUR | EUR | - | - | - | - | 1.9% | -1.0% | 2.3% | 2.6% | - | - | - | - | 1.3% | - | 1.5% | - | - | - | - | - | - |  | - | - | - | - | 1.76 | -0.07 | 1.76 | - | - | - | - | - | - |  |
| ODDO BHF Global Credit Short Duration CP-EUR | LU1833930735 | 19.06.2019 | CP-EUR | EUR | - | - | - | - | 0.6% | -1.0% | 2.2% | 2.6% | - | - | - | - | - | - | 1.5% | - | - | - | - | - | - |  | - | - | - | - | - | -0.06 | 1.73 | - | - | - | - | - | - |  |
|  |  |  |  |  |
| SHORT DURATION | ODDO BHF Euro Credit Short Duration CI-EUR | LU0628638032 | 24.08.2011 | CI-EUR | EUR | 1.1% | 3.2% | 1.9% | -0.6% | 1.2% | -1.5% | 2.7% | 3.2% | 1.7% | 1.6% | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | 1.16 | 2.19 | 5.13 | -0.30 | 1.15 | -0.14 | 2.20 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DR-EUR | LU0628638974 | 24.08.2011 | DR-EUR | EUR | 0.3% | 2.5% | 1.1% | -1.4% | 0.3% | -2.4% | 2.8% | 3.0% | 1.7% | 1.7% | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | 1.12 | 2.66 | 5.20 | -1.33 | 0.48 | -0.24 | 2.07 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CP-EUR | LU0628638206 | 04.10.2013 | CP-EUR | EUR | 1.3% | 3.5% | 2.0% | -0.5% | 1.3% | -1.4% | 2.8% | 3.3% | 1.7% | 1.6% | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | 1.08 | 2.80 | 4.24 | 0.38 | 1.23 | -0.13 | 2.27 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DP-EUR | LU0628638388 | 01.06.2011 | DP-EUR | EUR | 1.3% | 3.5% | 2.0% | -0.5% | 1.3% | -1.4% | 2.8% | 3.2% | 1.7% | 1.6% | 0.6% | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | 1.11 | 2.72 | 5.00 | -0.18 | 1.23 | -0.13 | 2.28 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CP-USD[H] | LU1486846774 | 17.10.2016 | CP-USD[H] | USD | - | - | 3.6% | 1.8% | 3.5% | 0.1% | 3.3% | 4.1% | - | - | 5.5% | 0.8% | 1.3% | - | 2.8% | - | - | - | - | - | - |  | - | - | 1.64 | 0.06 | 0.91 | -0.03 | 4.87 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CR-EUR | LU1486845537 | 11.10.2016 | CR-EUR | EUR | - | - | 1.5% | -0.9% | 0.8% | -1.9% | 2.6% | 2.8% | - | - | 0.6% | 0.8% | 1.2% | 7.9% | 1.4% | - | - | - | - | - | - |  | - | - | 3.35 | 0.38 | 0.88 | -0.18 | 1.94 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CR-USD[H] | LU1486845610 | 17.10.2016 | CR-USD[H] | USD | - | - | 3.2% | 1.5% | 3.4% | -0.2% | 3.0% | 3.6% | - | - | 0.6% | 0.9% | 1.2% | - | 2.8% | - | - | - | - | - | - |  | - | - | 3.99 | -0.17 | 0.79 | 0.00 | 4.22 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DN-GBP[H] | LU1486846188 | 17.10.2016 | DN-GBP | GBP | - | - | 2.7% | 0.3% | 2.3% | - | - | - | - | - | 0.6% | 0.8% | 1.2% | - | - | - | - | - | - | - | - |  | - | - | 4.26 | -0.32 | 1.22 | - | - | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DP-GBP[H] | LU1486846931 | 17.10.2016 | DP-GBP | GBP | - | - | 2.7% | 0.4% | 2.6% | - | - | - | - | - | 0.6% | 0.8% | 1.2% | - | - | - | - | - | - | - | - |  | - | - | 4.42 | -0.15 | 1.41 | - | - | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CN-CHF[H] | LU1486845966 | 03.01.2017 | CN-CHF[H] | CHF | - | - | - | -1.5% | 0.1% | -2.3% | 2.9% | 2.8% | - | - | - | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | -2.48 | -0.39 | -0.33 | 1.56 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CP-CHF[H] | LU1486846428 | 01.02.2017 | CP-CHF[H] | CHF | - | - | - | -1.3% | 0.3% | -2.1% | 2.6% | 2.9% | - | - | - | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | -2.23 | -0.21 | -0.26 | 1.66 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CR-CHF[H] | LU1486845701 | 19.12.2016 | CR-CHF[H] | CHF | - | - | - | -1.7% | -0.2% | -2.5% | 2.4% | 2.6% | - | - | - | 0.8% | 1.3% | - |  | - | - | - | - | - | - |  | - | - | - | -2.74 | -0.66 | -0.25 |  | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration DI-EUR | LU1486846261 | 03.02.2017 | DI-EUR | EUR | - | - | - | -0.6% | 1.2% | -1.5% | 2.7% | 3.1% | - | - | - | 0.8% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | -0.30 | 1.15 | -0.14 | 2.20 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration CN-EUR | LU1486845883 | 21.08.2017 | CN-EUR | EUR | - | - | - | -0.7% | 1.0% | -1.7% | 2.7% | 3.0% | - | - | - | 0.9% | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | 0.67 | 1.04 | -0.15 | 2.08 | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Short Duration GC-EUR | LU1752464799 | 25.05.2018 | GC-EUR | EUR | - | - | - | -0.2% | 1.1% | -1.6% | 2.7% | 3.1% | - | - | - |  | 1.2% | - | 1.4% | - | - | - | - | - | - |  | - | - | - | - | 1.12 | -0.14 | 2.17 | - | - | - | - | - | - |  |

^

#### SICAV ODDO BHF
APPENDICEE (non certificata) (segue)

##### ALLEGATO 2 - PERFORMANCE HISTORICHE (SEGUE)
|  | ISIN code | Creation date | Share | Curren cy | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

Year To Date  Year To Date  1 Month  1 Year	1 Year	1 Year  3 Years  3 Years  5 Years  5 Years	5 Years  Since Inception  43100  42735  42735	42735	42369  43465  43098  42734  42734	31.12.2015	42004
| FIXED INCOME |  |  |
| --- | --- | --- |

TOTAL RETURN
| TRADITIONAL | ODDO BHF Sustainable Euro Corporate Bond CI-EUR | LU0145975065 | 13.03.2002 | CI-EUR | EUR | 0.5% | 4.8% | 2.9% | -2.0% | 6.5% | 0.5% | 1.5% | 1.4% | 2.7% | 2.6% | 2.4% | 1.6% | 2.1% | 7.0% | 1.8% | 0.7% | 0.7% | 0.8% | 0.5% | 0.3% | 1.1% | 0.6% | 0.44 | 2.20 | 1.34 | -0.71 | 3.00 | 0.23 | 0.88 | 1.02 | 0.47 | 1.37 | -0.58 | 0.92 | -0.60 | 1.82 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Sustainable Euro Corporate Bond DI-EUR | LU0145975149 | 29.08.2002 | DI-EUR | EUR | 0.6% | 4.8% | 2.9% | -2.0% | 5.1% | 0.5% | 1.5% | 1.4% | 2.7% | 2.6% | 2.4% | 1.6% | 2.1% | - | 1.8% | 0.7% | 0.7% | 0.8% | 0.5% | 0.3% | 1.1% | 0.6% | 0.43 | 2.17 | 1.35 | -0.71 | 3.00 | 0.16 | 0.87 | 1.06 | 0.49 | 1.44 | -0.58 | 0.94 | -0.20 | 1.82 |
| ODDO BHF Sustainable Euro Corporate Bond DP-EUR | LU0456625358 | 15.12.2009 | DP-EUR | EUR | 0.6% | 5.0% | 3.0% | -1.8% | 5.1% | 0.6% | 1.6% | 1.5% | 2.7% | 2.6% | 2.4% | 1.6% | 2.1% | - | 1.8% | 0.8% | 0.8% | 0.8% | 0.5% | 0.4% | 1.1% | 0.6% | 0.25 | 2.03 | 1.37 | -0.70 | 3.07 | 0.18 | 0.96 | 0.25 | -0.06 | 1.54 | -0.56 | 1.36 | -0.20 | 2.07 |
| ODDO BHF Sustainable Euro Corporate Bond CN-EUR | LU1752464104 | 18.03.2019 | CN-EUR | EUR | - | - | - | - | 4.0% | 0.2% | 1.4% | 1.1% | - | - | - | - | - | - | 1.8% | - | - | - | - | - | 1.1% | 0.6% | - | - | - | - | - | - | 74.2% | - | - | - | - | - | -20.0% | 142.1% |
| ODDO BHF Sustainable Euro Corporate Bond DR-EUR | LU1815136756 | 31.08.2018 | DR-EUR | EUR | - | - | - | - | 5.8% | 0.0% | 1.2% | 0.9% | - | - | - | - | 2.1% | - | 1.8% | - | - | - | - | 0.3% | 1.1% | 0.6% | - | - | - | - | 2.76 | 0.09 | 0.60 | - | - | - | - | -0.58 | -1.10 | 1.01 |
| ODDO BHF Sustainable Euro Corporate Bond CR-EUR | LU0145975222 | 19.03.2002 | CR-EUR | EUR | -0.2% | 4.1% | 2.2% | -2.6% | 5.8% | 0.0% | 1.2% | 0.9% | 2.8% | 2.6% | 2.4% | 1.6% | 2.1% | 7.0% | 1.8% | 0.7% | 0.8% | 0.9% | 0.5% | 0.3% | 1.1% | 0.6% | 0.42 | 2.17 | 1.06 | -0.71 | 2.70 | 0.09 | 0.61 | 0.88 | 0.45 | -0.29 | -0.60 | -0.95 | -1.10 | 1.03 |
| ODDO BHF Crossover Credit CR- EUR* | LU1254989491 | 03.12.2013 | CR-EUR | EUR | -0.6% | 5.2% | 3.3% | -2.4% | 4.5% | - | - |  | 3.2% | 3.8% | 2.2% | 1.9% | 2.5% | - |  | 0.7% | 0.7% | 1.0% | 0.7% | 0.7% | 1.5% |  | -0.16 | 1.55 | 1.68 | -0.53 | 1.99 | - |  | -1.18 | -0.66 | -0.73 | 0.01 | -0.45 | 1.50 |  |
| ODDO BHF Crossover Credit DR- EUR* | LU1254989574 | 08.04.2014 | DR-EUR | EUR | -0.8% | 6.1% | 3.3% | -1.3% | 0.3% | - | - |  | 3.6% | 3.8% | 2.2% | 1.8% | 0.9% | - |  | 1.7% | 1.7% | 2.0% | 1.1% | 2.2% | 2.2% |  | -0.21 | 1.78 | 1.69 | -0.49 | 0.89 | - |  | -0.62 | 0.09 | -0.68 | 0.13 | -2.06 | -2.10 |  |
| ODDO BHF Crossover Credit CI- EUR* | LU1254989061 | 03.12.2013 | CI-EUR | EUR | -0.1% | 5.7% | 3.8% | -1.9% | 4.6% | - | - |  | 3.2% | 3.8% | 2.1% | 1.9% | 2.5% | - |  | 0.7% | 1.0% | 0.4% | 0.7% | 0.6% | 0.6% |  | -0.01 | 1.69 | 1.96 | -0.57 | 2.02 | - |  | -0.47 | -0.14 | 0.52 | -0.02 | -0.43 | -0.40 |  |
| ODDO BHF Crossover Credit CI- USD** | LU1387839795 | 03.03.2015 | CI-USD | USD |  | 5.4% | 10.3% | -4.7% | -11.0% | - | - |  |  | 8.8% | 8.1% | 7.3% | 6.3% | - |  |  | 1.9% | 1.7% | 1.7% | 1.2% | - |  |  | 0.60 | 1.16 | -0.81 | - | - |  |  | 0.15 | 0.17 | -0.02 | -0.58 | - |  |
| ODDO BHF Crossover Credit DI- EUR* | LU1254989145 | 03.12.2013 | DP-EUR | EUR | -0.2% | 6.7% | 3.8% | -2.0% | 4.6% | - | - |  | 3.7% | 3.8% | 2.2% | 1.8% | 2.4% | - |  | 1.9% | 2.0% | 0.4% | 0.6% | 0.5% | 0.5% |  | -0.02 | 1.94 | 1.90 | -0.88 | 2.06 | - |  | -0.19 | 0.39 | 0.51 | -0.91 | -0.52 | 0.50 |  |

HIGH YIELD
| TARGET MATURITY	TRADITIONAL | ODDO BHF Euro High Yield Bond CR-EUR | LU0115290974 | 14.08.2000 | CR-EUR | EUR | 1.9% | 6.6% | 5.9% | -1.8% | 3.2% | -0.7% | 5.9% | 6.5% | 3.5% | 4.7% | 1.9% | 2.2% | 3.3% | 14.1% | 2.9% | 1.1% | 1.1% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 1.02 | 1.89 | 4.24 | -0.03 | 1.00 | 0.05 | 2.01 | 0.42 | 1.03 | 0.57 | 1.21 | -2.06 | 0.30 | -4.28 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Euro High Yield Bond CR-CHF[H] | LU1486847319 | 15.12.2016 | CR- CHF[H] | CHF | - | - | - | -2.7% | 2.3% | -1.2% | 5.8% | 6.2% | - | - | - | 2.2% | 3.3% | 14.1% |  | - | - | - | 60.0% | 60.0% | 2.2% |  | - | - | - | -1.40 | 0.70 | 0.00 |  | - | - | - | -2.90 | -4.00 | 0.20 |  |
| ODDO BHF Euro High Yield Bond CI-EUR | LU0115288721 | 30.06.2000 | CI-EUR | EUR | 2.6% | 7.5% | 6.7% | -1.1% | 4.0% | 0.0% | 6.3% | 7.3% | 3.4% | 4.6% | 1.9% | 2.2% | 3.3% | 14.1% | 2.9% | 1.0% | 1.0% | 1.3% | 0.5% | 0.9% | 2.2% | 0.5% | 0.80 | 1.71 | 3.80 | -0.35 | 1.23 | 0.03 | 2.28 | -0.33 | 0.33 | -2.54 | -0.14 | -1.20 | 0.50 | -2.60 |
| ODDO BHF Euro High Yield Bond DI-EUR | LU0115293481 | 07.08.2002 | DI-EUR | EUR | 2.6% | 7.4% | 6.7% | -1.1% | 4.0% | 0.1% | 6.3% | 7.2% | 3.4% | 4.6% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.3% | 0.5% | 0.9% | 2.2% | 0.5% | 0.80 | 1.89 | 3.80 | -0.35 | 1.23 | 0.03 | 2.28 | -0.32 | 0.98 | -2.52 | -0.14 | -1.19 | 0.50 | -2.62 |
| ODDO BHF Euro High Yield Bond DR-EUR | LU0243919577 | 24.02.2006 | DR-EUR | EUR | 1.8% | 6.7% | 5.9% | -1.8% | 3.2% | -0.7% | 5.9% | 6.4% | 3.5% | 4.7% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.2% | 1.2% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 0.55 | 1.92 | 3.37 | -0.03 | 1.00 | -0.02 | 2.00 | -0.97 | 1.10 | -5.57 | 1.19 | -2.08 | -0.10 | -4.31 |
| ODDO BHF Euro High Yield Bond DP15-EUR | LU0456627487 | 15.12.2009 | DP15- EUR | EUR | 2.7% | 7.6% | 6.7% | -1.0% | 4.1% | 0.2% | 6.4% | 7.3% | 3.4% | 4.6% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 0.82 | 1.91 | 3.82 | -0.02 | 1.27 | 0.04 | 2.32 | -0.22 | 1.04 | -2.40 | 1.25 | -1.08 | 0.50 | -2.36 |
| ODDO BHF Euro High Yield Bond CN-EUR | LU1486847152 | 16.05.2018 | CN-EUR | EUR | - | - | - | - | 3.7% | -0.3% | 6.2% | 6.9% | - | - | - | - | 3.3% | - | 2.9% | - | - | - | - | 0.9% | 2.2% | 0.5% | - | - | - | - | 1.15 | 0.06 | 2.16 | - | - | - | - | -1.49 | 0.30 | -3.32 |
| ODDO BHF Euro High Yield Bond GC-EUR | LU1551630038 | 03.02.2017 | GC-EUR | EUR | - | - | - | -1.1% | 3.9% | 0.0% | 6.3% | 7.2% | - | - | - | 2.0% | 3.3% | - | 2.9% | - | - | - | 0.6% | 0.9% | 2.2% | 0.5% | - | - | - | -0.29 | 1.22 | 0.03 | 2.26 | - | - | - | -0.04 | -1.24 | 0.50 | -2.73 |
| ODDO BHF Euro High Yield Bond CP-EUR | LU0456627131 | 19.07.2013 | CP-EUR | EUR | 2.9% | 7.7% | 7.0% | -0.9% | 4.2% | 0.3% | 6.5% | 7.5% | 3.4% | 4.6% | 1.8% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.4% | 0.5% | 0.9% | 2.2% | 0.5% | 0.88 | 1.76 | 4.00 | -0.02 | 1.31 | 0.05 | 2.37 | -0.03 | 0.48 | -1.18 | 1.25 | -0.90 | 0.30 | -2.03 |
| ODDO BHF Euro High Yield Bond DP-EUR | LU0456627214 | 15.12.2009 | DP-EUR | EUR | 2.8% | 7.8% | 7.0% | -0.9% | 4.2% | 0.3% | 6.5% | 7.4% | 3.4% | 4.7% | 1.9% | 2.2% | 3.3% | - | 2.9% | 1.0% | 1.0% | 1.3% | 0.5% | 0.9% | 2.2% | 0.5% | 0.84 | 1.90 | 3.96 | -0.03 | 1.31 | 0.05 | 2.37 | -0.16 | 1.05 | -1.45 | 1.23 | -0.91 | 0.30 | -2.02 |
| ODDO BHF Euro Credit Laufzeitfonds 2018 DP-EUR | LU0984055342 | 02.12.2013 | DP-EUR | EUR | 1.1% | 4.4% | 0.7% | -0.5% | - | - | - |  | 2.2% | 2.3% | 0.4% | 0.2% | - | - |  | - | - | - | - | - | - |  | 0.77 | 2.27 | 3.69 | -0.58 | - | - |  | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Laufzeitfonds 2019 DI-EUR | LU1123026541 | 03.12.2014 | DI-EUR | EUR | - | 5.7% | 2.0% | 0.0% | - | - | - |  | - | 3.1% | 0.8% | 0.4% | - | - |  | - | - | - | - | - | - |  | - | 2.21 | 3.00 | 1.05 | - | - |  | - | - | - | - | - | - |  |
| ODDO BHF Euro Credit Laufzeitfonds 2019 DP-EUR (a) | LU1123027432 | 03.12.2014 | DP-EUR | EUR | - | 6.0% | 2.2% | - | -0.1% | - | - |  | - | 3.1% | 0.8% | - | - | - |  | - | - | - | - | - | - |  | - | 2.00 | 3.25 | - | - | - |  | - | - | - | - | - | - |  |

|  | ISIN code | Creation date | Share | Curren cy | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| EQUITIES FUNDAMENTAL |  |  |
| --- | --- | --- |

| EUROZONE - TRADITIONAL | ODDO BHF Euro Small Cap CR-EUR (b) | LU0269724349 | 15.11.2006 | CR-EUR | EUR | 23.3% | -1.8% | 24.6% | -16.8% | 5.2% | -9.9% | -12.9% |  | 16.2% | 21.8% | 9.2% | 15.8% | 17.7% | - |  | 0.0% | 2.6% | 2.4% | 3.1% | 4.1% | 5.7% |  | 1.45 | 0.03 | 2.71 | -1.05 | 0.28 | - |  | -0.19 | 0.21 | -0.06 | -2.07 | -1.24 | 1.10 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Euro Small Cap CN-EUR | LU1752464526 | 22.08.2018 | CN-EUR | EUR | - | - | - | - | 6.0% | -13.7% | - |  | - | - | - | - | 17.7% | - |  | - | - | - | - | 4.1% | - |  | - | - | - | - | 0.32 | - |  | - | - | - | - | -1.05 | - |  |
| ODDO BHF Euro Small Cap DI-EUR (b) | LU0456631083 | 15.12.2009 | DI-EUR | EUR | 25.0% | -0.5% | 26.0% | -15.7% | 6.5% | -11.2% | -12.4% |  | 16.2% | 21.8% | 9.3% | 15.8% | 17.7% | - |  | 0.0% | 2.6% | 2.4% | 3.1% | 4.1% | 5.7% |  | 1.56 | 0.04 | 2.85 | -0.98 | 0.35 | - |  | 0.43 | 0.24 | 0.55 | -1.68 | -0.92 | 0.90 |  |

THEMATIC
| IA | ODDO BHF Artificial Intelligence CI-EUR | LU1833932434 | 14.01.2019 | CI-EUR | EUR | - | - | - | - | 18.6% | 8.0% | 23.6% | 30.7% | - | - | - | - | - | - | 16.4% | - | - | - | - | - | 13.100% | 11.343% | - | - | - | - | - | 0.35 | 1.64 | - | - | - | - | - | 0.30 | -1.09 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Artificial Intelligence CI-EUR[H] | LU1833933242 | 14.01.2019 | CI-EUR[H] | EUR | - | - | - | - | 13.1% | 17.5% | 26.7% | 28.3% | - | - | - | - | - | - |  | - | - | - | - | - | - |  | - | - | - | - | - |  |  | - | - | - | - | - | - |  |
| ODDO BHF Artificial Intelligence CI-USD | LU1833932517 | 14.01.2019 | CI-USD | USD | - | - | - | - | 15.9% | 12.9% | 28.1% | 30.3% | - | - | - | - | - | - | 18.1% | - | - | - | - | - | 6.7% | 10.3% | - | - | - | - | - | 0.47 | 1.31 | - | - | - | - | - | 1.30 | -0.78 |
| ODDO BHF Artificial Intelligence CIw-EUR[H] | LU1833932947 | 14.01.2019 | CIw-EUR[H] | EUR | - | - | - | - | 2.1% | 11.9% | 26.7% | 28.2% | - | - | - | - | - | - | 18.6% | - | - | - | - | - | 7.9% | 11.1% | - | - | - | - | - | 0.45 | 1.21 | - | - | - | - | - | 1.00 | -0.89 |
| ODDO BHF Artificial Intelligence CN-EUR[H] | LU1833932863 | 14.01.2019 | CN-EUR[H] | EUR | - | - | - | - | 13.3% | 11.0% | 26.5% | 27.9% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.7% | 10.5% | - | - | - | - | - | 0.43 | 1.21 | - | - | - | - | - | 1.00 | -0.99 |
| ODDO BHF Artificial Intelligence CN-USD | LU1919842697 | 01.04.2019 | CN-USD | USD | - | - | - | - | 5.5% | 12.5% | 27.6% | 29.6% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.7% | 10.4% | - | - | - | - | - | 0.45 | 1.28 | - | - | - | - | - | 1.20 | -0.83 |
| ODDO BHF Artificial Intelligence CR-EUR | LU1919842267 | 14.01.2019 | CR-EUR | EUR | - | - | - | - | 17.7% | 7.9% | 23.0% | 29.5% | - | - | - | - | - | - | 16.1% | - | - | - | - | - | 12.5% | 11.1% | - | - | - | - | - | 0.35 | 1.60 | - | - | - | - | - | 0.30 | -1.22 |
| ODDO BHF Artificial Intelligence CR-EUR[H] | LU1833932608 | 14.01.2019 | CR-EUR[H] | EUR | - | - | - | - | 12.7% | 9.9% | 26.1% | 27.1% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.8% | 10.5% | - | - | - | - | - | 0.39 | 1.17 | - | - | - | - | - | 0.80 | -1.07 |
| ODDO BHF Artificial Intelligence CR-USD | LU1833932780 | 14.01.2019 | CR-USD | USD | - | - | - | - | 15.2% | 11.9% | 27.1% | 28.7% | - | - | - | - | - | - | 18.2% | - | - | - | - | - | 6.7% | 10.4% | - | - | - | - | - | 0.44 | 1.22 | - | - | - | - | - | 1.10 | -0.92 |
| ODDO BHF Artificial Intelligence CNw-USD | LU1919842937 | 11.06.2019 | CNw-USD | USD | - | - | - | - | 7.4% | 14.6% | 27.5% | 29.4% | - | - | - | - | - | 28.8% | 18.7% | - | - | - | - | - | 7.9% | 11.2% | - | - | - | - | - | 0.50 | 1.24 | - | - | - | - | - | 130.0% | -77.5% |
| ODDO BHF Artificial Intelligence CRw-EUR[H] | LU1833933085 | 14.01.2019 | CRw-EUR[H] | EUR | - | - | - | - | 12.4% | 10.9% | 28.1% | 26.9% | - | - | - | - | - | - |  | - | - | - | - | - | 8.0% |  | - | - | - | - | - | 0.42 |  | - | - | - | - | - | 80.0% |  |
| ODDO BHF Artificial Intelligence CIw-USD | LU1833933325 | 19.12.2018 | CIw-USD | USD | - | - | - | - | 21.2% | 14.6% | 27.6% | 29.7% | - | - | - | - | - | 29.5% | 18.7% | - | - | - | - | - | 7.9% | 11.2% | - | - | - | - | - | 0.51 | 1.25 | - | - | - | - | - | 1.30 | -0.75 |
| ODDO BHF Artificial Intelligence CN-EUR | LU1919842424 | 14.01.2019 | CN-EUR | EUR | - | - | - | - | 18.1% | 8.4% | 23.4% | 30.4% | - | - | - | - | - | - | 16.2% | - | - | - | - | - | 12.4% | 11.0% | - | - | - | - | - | 0.37 | 1.63 | - | - | - | - | - | 0.30 | -1.18 |
| ODDO BHF Artificial Intelligence DI-USD | LU1919842341 | 30.04.2020 | DI-USD | USD | - | - | - | - | 6.2% | 3.6% | 27.3% | 28.7% |  |  |  |  |  |  | 18.1% |  |  |  |  |  |  | 10.5% |  |  |  |  |  |  | 1.28 |  |  |  |  |  |  | -0.82 |
| ODDO BHF Artificial Intelligence DR-USD | LU1919842853 | 30.04.2020 | DR-USD | USD | - | - | - | - | - | - | 27.1% | 27.9% |  |  |  |  |  |  | 18.2% |  |  |  |  |  |  | 10.6% |  |  |  |  |  |  | 1.24 |  |  |  |  |  |  | -0.88 |

|  |  |  |  |  | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 31/10/2014 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ISIN code | Creation date | Share | Currency | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to | to |
|  |  |  |  | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 30/10/2020 | 30/04/2021 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 30/10/2020 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 30/10/2020 | 29/10/2021 | 31/10/2015 | 31/10/2016 | 31/10/2017 | 31/10/2018 | 31/10/2019 | 31/10/2020 | 29/10/2021 |

Year To Date Year To Date 1 Month  1 Year  1 Year	1 Year  3 Years  3 Years  5 Years  5 Years	5 Years Since Inception 43100  42735  42735  42735	42369  43465  43098  42734  42734	31.12.2015	42004
| EQUITIES FUNDAMENTAL |  |  |
| --- | --- | --- |
| ODDO BHF Millenials CI-EUR | LU1833931204 | 04.11.2019 | CI-EUR | EUR | - | - | - | - | - | - | 12.6% | 18.1% |  |  |  |  |  |  | 14.3% |  |  |  |  |  |  | 9.957% |  |  |  |  |  |  | 1.16 |  |  |  |  |  |  | -2.01 |
| ODDO BHF Millenials CR-EUR | LU1833931469 | 04.11.2019 | CR-EUR | EUR | - | - | - | - | - | - | 12.3% | 17.3% |  |  |  |  |  |  | 14.7% |  |  |  |  |  |  | 10.3% |  |  |  |  |  |  | 1.08 |  |  |  |  |  |  | -2.02 |
| ODDO BHF Millenials CRw-EUR | LU1833932194 | 04.11.2019 | CRw-EUR | EUR | - | - | - | - | - | - | 11.9% | 16.4% |  |  |  |  |  |  | 14.8% |  |  |  |  |  |  | 10.5% |  |  |  |  |  |  | 1.01 |  |  |  |  |  |  | -2.07 |
| ODDO BHF Millenials CN-EUR | LU1833931626 | 04.11.2019 | CN-EUR | EUR | - | - | - | - | - | - | 11.7% | 17.1% |  |  |  |  |  |  | 14.5% |  |  |  |  |  |  | 9.8% |  |  |  |  |  |  | 1.03 |  |  |  |  |  |  | -2.21 |
| ODDO BHF Millenials CRw-EUR[H] | LU1833932350 | 04.11.2019 | CRw- EUR[H] | EUR | - | - | - | - | - | - | 15.1% | 15.0% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.69 |  |  |  |  |  |  | -1.87 |
| ODDO BHF Millenials CIw-USD | LU1833932277 | 04.11.2019 | CIw-USD | USD | - | - | - | - | - | - | 16.6% | 17.9% |  |  |  |  |  |  | 17.2% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.82 |  |  |  |  |  |  | -1.57 |
| ODDO BHF Millenials CIw-EUR[H] | LU1833931972 | 04.11.2019 | CIw- EUR[H] | EUR | - | - | - | - | - | - | 15.6% | 16.1% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.75 |  |  |  |  |  |  | -1.75 |
| ODDO BHF Millenials CR-EUR[H] | LU1833931543 | 04.11.2019 | CR- EUR[H] | EUR | - | - | - | - | - | - | 15.2% | 15.2% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.70 |  |  |  |  |  |  | -1.84 |
| ODDO BHF Millenials CI-EUR[H] | LU1833931386 | 04.11.2019 | CI- EUR[H] | EUR | - | - | - | - | - | - | 16.4% | 16.9% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.9% |  |  |  |  |  |  | 0.80 |  |  |  |  |  |  | -1.65 |
| ODDO BHF Millenials CNw-USD | LU2003711517 | 04.11.2019 | CNw-USD | USD | - | - | - | - | - | - | 16.6% | 17.8% |  |  |  |  |  |  | 17.2% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.82 |  |  |  |  |  |  | -1.57 |
| ODDO BHF Millenials CNw-EUR | LU2003711434 | 04.11.2019 | CNw-EUR | EUR | - | - | - | - | - | - | 12.9% | 18.7% |  |  |  |  |  |  | 14.8% |  |  |  |  |  |  | 10.5% |  |  |  |  |  |  | 1.17 |  |  |  |  |  |  | -1.85 |
| ODDO BHF Millenials CNw-EUR[H] | LU2003711350 | 04.11.2019 | CNw- EUR[H] | EUR | - | - | - | - | - | - | 15.6% | 15.9% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.74 |  |  |  |  |  |  | -1.78 |
| ODDO BHF Millenials CN-USD | LU2003711277 | 04.11.2019 | CN-USD | USD | - | - | - | - | - | - | 16.6% | 17.6% |  |  |  |  |  |  | 17.3% |  |  |  |  |  |  | 9.6% |  |  |  |  |  |  | 0.77 |  |  |  |  |  |  | -1.68 |
| ODDO BHF Millenials CR-USD | LU2003711194 | 04.11.2019 | CR-USD | USD | - | - | - | - | - | - | 15.7% | 15.7% |  |  |  |  |  |  | 17.3% |  |  |  |  |  |  | 9.6% |  |  |  |  |  |  | 0.67 |  |  |  |  |  |  | -1.86 |
| ODDO BHF Millenials CI-USD | LU2003710972 | 04.11.2019 | CI-USD | USD | - | - | - | - | - | - | 16.7% | 18.0% |  |  |  |  |  |  | 17.3% |  |  |  |  |  |  | 9.6% |  |  |  |  |  |  | 0.80 |  |  |  |  |  |  | -1.63 |
| ODDO BHF Millenials CN-EUR[H] | LU2003710899 | 04.11.2019 | CN- EUR[H] | EUR | - | - | - | - | - | - | 15.6% | 16.1% |  |  |  |  |  |  | 17.1% |  |  |  |  |  |  | 9.7% |  |  |  |  |  |  | 0.75 |  |  |  |  |  |  | -1.76 |
| ODDO BHF Green Planet CI-EUR[H] | LU2189929438 | 26.10.2020 | CI- EUR[H] | EUR | - | - | - | - | - | - | 19.0% | 28.5% |  |  |  |  |  |  | 19.5% |  |  |  |  |  |  | 11.614% |  |  |  |  |  |  | 1.37 |  |  |  |  |  |  | -0.45 |
| ODDO BHF Green Planet CR-EUR[H] | LU2189929511 | 26.10.2020 | CR- EUR[H] | EUR | - | - | - | - | - | - | 17.6% | 26.4% |  |  |  |  |  |  | 19.8% |  |  |  |  |  |  | 11.8% |  |  |  |  |  |  | 1.25 |  |  |  |  |  |  | -0.61 |
| ODDO BHF Green Planet CIw-EUR[H] | LU2189929602 | 26.10.2020 | CIw- EUR[H] | EUR | - | - | - | - | - | - | 19.1% | 28.5% |  |  |  |  |  |  | 20.6% |  |  |  |  |  |  | 12.6% |  |  |  |  |  |  | 1.30 |  |  |  |  |  |  | -0.42 |
| ODDO BHF Green Planet CN-EUR[H] | LU2189929784 | 26.10.2020 | CN- EUR[H] | EUR | - | - | - | - | - | - | 19.0% | 27.7% |  |  |  |  |  |  | 19.0% |  |  |  |  |  |  | 10.9% |  |  |  |  |  |  | 1.36 |  |  |  |  |  |  | -0.55 |
| ODDO BHF Green Planet CRw-EUR[H] | LU2189929867 | 26.10.2020 | CRw- EUR[H] | EUR | - | - | - | - | - | - | 18.2% | 26.9% |  |  |  |  |  |  | 20.6% |  |  |  |  |  |  | 12.6% |  |  |  |  |  |  | 1.22 |  |  |  |  |  |  | -0.54 |
| ODDO BHF Green Planet CI-USD | LU2189929941 | 26.10.2020 | CI-USD | USD | - | - | - | - | - | - | 19.3% | 29.4% |  |  |  |  |  |  | 19.9% |  |  |  |  |  |  | 11.9% |  |  |  |  |  |  | 1.36 |  |  |  |  |  |  | -0.36 |
| ODDO BHF Green Planet CR-USD | LU2189930014 | 26.10.2020 | CR-USD | USD | - | - | - | - | - | - | 18.1% | 27.6% |  |  |  |  |  |  | 19.8% |  |  |  |  |  |  | 11.8% |  |  |  |  |  |  | 1.28 |  |  |  |  |  |  | -0.51 |
| ODDO BHF Green Planet CI-EUR | LU2189930287 | 26.10.2020 | CI-EUR | EUR | - | - | - | - | - | - | 15.9% | 30.9% |  |  |  |  |  |  | 18.3% |  |  |  |  |  |  | 12.0% |  |  |  |  |  |  | 1.68 |  |  |  |  |  |  | -0.35 |
| ODDO BHF Green Planet CN-EUR | LU2189930360 | 26.10.2020 | CN-EUR | EUR | - | - | - | - | - | - | 14.3% | 29.2% |  |  |  |  |  |  | 18.6% |  |  |  |  |  |  | 12.0% |  |  |  |  |  |  | 1.55 |  |  |  |  |  |  | -0.53 |
| ODDO BHF Green Planet CIw-USD | LU2189930527 | 26.10.2020 | CIw-USD | USD | - | - | - | - | - | - | 19.8% | 29.9% |  |  |  |  |  |  | 20.6% |  |  |  |  |  |  | 12.6% |  |  |  |  |  |  | 1.34 |  |  |  |  |  |  | -0.30 |
| ODDO BHF Green Planet CR-EUR | LU2189930105 | 26.10.2020 | CR-EUR | EUR | - | - | - | - | - | - | 14.1% | 28.3% |  |  |  |  |  |  | 18.5% |  |  |  |  |  |  | 12.1% |  |  |  |  |  |  | 1.53 |  |  |  |  |  |  | -0.56 |

MOMENTUM
|  | ISIN code | Creation date | Share | Currency | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 30/04/2021 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 30/10/2020 | 31/10/2020 to 29/10/2021 | 31/10/2014 to 31/10/2015 | 31/10/2015 to 31/10/2016 | 31/10/2016 to 31/10/2017 | 31/10/2017 to 31/10/2018 | 31/10/2018 to 31/10/2019 | 31/10/2019 to 31/10/2020 | 31/10/2020 to 29/10/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

|  | EQUITIES FUNDAMENTAL |  |  |
| --- | --- | --- | --- |
| US | ODDO BHF Algo Trend US CI-EUR | LU1833929307 | 16.07.2018 | CI-EUR | EUR | - | - | - | - | 14.9% | 5.4% | 20.4% | 39.4% | - | - | - | - | 16.8% | 28.1% | 13.8% | - | - | - | - | 2.723% | 3.700% | 4.084% |  |  |  |  | 0.88 | 0.21 | 2.50 | - | - | - | - | -0.25 | 0.20 | -0.71 |
| ODDO BHF Algo Trend US CIw-EUR | LU1833929992 | 12.02.2020 | CIw-EUR | EUR | - | - | - | - | - | pas calculé | - 20.3% | 39.3% 39.1% | - | - | - | - | - | pas calculé | - | - | - | - | - | - | pas calculé | - | - | - | - | - | - | pas calculé | - 2.48 | - | - | - | - | - | pas calculé | - |
| ODDO BHF Algo Trend US CN-EUR | LU1833929216 | 16.07.2018 | CN-EUR | EUR | - | - | - | - | 14.7% | 5.2% | - | - | - | - | 16.7% | - | 13.8% | - | - | - | - | 2.678% | 3.700% | 4.082% |  |  |  |  | 0.86 | 0.20 | - | - | - | - | -0.34 | 0.20 | -0.77 |
| ODDO BHF Algo Trend US CR-EUR | LU1833929729 | 16.07.2018 | CR-EUR | EUR | - | - | - | - | 14.2% | 4.7% | 20.0% | 38.5% | - | - | - | - | 16.8% | 28.1% | 13.7% | - | - | - | - | 2.7% | 3.7% | 4.1% |  |  |  |  | 0.83 | 0.19 | 2.44 | - | - | - | - | -0.52 | 0.10 | -0.90 |
| ODDO BHF Algo Trend US DR-EUR | LU1833929646 | 12.11.2019 | DR-EUR | EUR | - | - | - | - | - | - | 20.6% | 42.1% |  |  |  |  |  |  | 14.3% |  |  |  |  |  |  | 5.4% |  |  |  |  |  |  | 2.65 |  |  |  |  |  |  | 0.15 |
| EUROZONE - TRADITIONAL | ODDO BHF Algo Trend Eurozone CR-EUR | LU1361561100 | 01.03.2016 | CR-EUR | EUR | - | - | 18.1% | -5.7% | 14.0% | -11.8% | 26.6% | 38.4% | - | - | 8.0% | 11.2% | 12.1% | 31.1% | 15.6% | - | - | 2.6% | 2.4% | 3.271% | 4.300% | 4.205% | - | - | 2.34 | -0.48 | 1.12 | -0.36 | 1.92 | - | - | -0.54 | 0.09 | -0.03 | 0.30 | -1.06 |
| ODDO BHF Algo Trend Eurozone CN-EUR | LU1752465929 | 22.11.2018 | CN-EUR | EUR | - | - | - | - | 17.7% | -11.4% | 26.9% | 39.0% | - | - | - | - | - | - | 15.6% | - | - | - | - | - | 4.3% | 4.2% | - | - | - | - | - | -0.35 | 1.96 | - | - | - | - | - | 10.0% | -90.2% |
| ODDO BHF Algo Trend Eurozone CI-EUR | LU1361561365 | 01.03.2016 | CI-EUR | EUR | - | - | 19.1% | -4.9% | 14.8% | -11.1% | 27.1% | 39.5% | - | - | 8.0% | 11.2% | 12.1% | 31.1% | 15.6% | - | - | 0.0% | 2.3% | 3.2% | 4.3% | 4.2% | - | - | 2.56 | -0.41 | 1.19 | -0.34 | 1.99 | - | - | 0.06 | 0.46 | 0.23 | 0.30 | -0.80 |
| Convertible |  |  |

|  | ODDO BHF Convertibles Global CI-EUR | LU1493432618 | 31.12.2013 | CI-EUR | EUR | 0.06 | -0.03 | 0.06 | -0.05 | 5.4% | 11.2% | 15.8% | 18.4% | - | - | 0.04 | 0.07 | 6.4% | 14.5% | 11.6% | - | - | 0.0% | 1.5% | 1.3% | 3.0% | 3.7% | 0.00 | 0.00 | 1.81 | -0.62 | 0.80 | 0.86 | 1.33 | - | - | -1.11 | 0.05 | 0.57 | -1.00 | 1.52 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Convertibles Global CR-EUR | LU1493433004 | 31.12.2013 | CR-EUR | EUR | 5.3% | -3.6% | 5.2% | -5.2% | 4.6% | 10.3% | 15.4% | 17.5% | - | - | 3.5% | 6.7% | 6.4% | 14.5% | 11.6% | - | - | 1.1% | 1.5% | 1.3% | 3.0% | 3.7% | 0.00 | 0.00 | 1.59 | -0.73 | 0.68 | 0.80 | 1.25 | - | - | -1.85 | -0.44 | -0.01 | -1.30 | 1.29 |
| ODDO BHF Convertibles Global CR-USD[H] | LU1493433186 | 31.12.2013 | CR-USD[H] | USD | 5.5% | -2.6% | 7.0% | -3.1% | 7.3% | 12.4% | 15.8% | 18.3% | - | - | 3.5% | 6.7% | 6.2% | - | 11.5% | - | - | 7.4% | 7.1% | 4.8% | 9.7% | 5.8% | - | - | 1.74 | -0.70 | 0.80 | 0.88 | 1.28 | - | - | -0.94 | 0.66 | 1.01 | -0.70 | 1.45 |
| ODDO BHF Convertibles Global GC-EUR | LU1493433426 | 31.12.2013 | GC-EUR | EUR | - | -2.9% | 6.0% | -4.5% | 5.4% | 11.1% | 15.8% | 18.4% | - | - | 3.5% | 6.7% | 6.4% |  | 11.6% | - | - | 1.1% | 1.5% | 1.3% | 3.0% | 3.7% | 0.00 | 0.00 | 1.81 | -0.62 | 0.79 | 0.85 | 1.32 | - | - | -1.11 | 0.05 | 0.55 | -1.00 | 1.51 |
| MULTI-ASSET |  |  |

DEFENSIVE
| TOTAL RETURN | ODDO BHF Optimal Capital DP-EUR | LU1233785044 | 30.06.2015 | DP-EUR | EUR | 0.01 | 0.0 | 0.01 | - | - | - | - |  | - | 0.01 | 0.01 | - | - | - |  | - | 1.4% | 0.9% | - | - | - |  | - | 0.25 | 1.39 | - | - | - |  | - | 0.26 | 1.41 | - | - | - |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ODDO BHF Optimal Capital DR-EUR | LU1233785390 | 30.06.2015 | DR-EUR | EUR | 0.6% | -0.6% | 0.3% | - | - | - | - |  | - | 1.4% | 0.9% | - | - | - |  | - | 0.0% | 1.4% | - | - | - |  | - | -0.30 | 0.75 | - | - | - |  | - | -1.91 | 0.77 | - | - | - |  |
| MONEY MARKET |  |  |
| High Yield | ODDO BHF Objectifs Revenus CI-EUR | LU1493433699 | 16.12.2016 | CI-EUR | EUR | - | - | -1.0% | -1.3% | -1.2% | -1.3% | -0.4% | -1.0% | - | - | - | 0.3% | 0.4% | 1.2% | 0.2% | - | - | - | 0.3% | 0.4% | 1.2% | 0.2% | - | - | - | -3.14 | -2.05 | -0.77 | -3.53 | - | - | - | -3.11 | -2.03 | -0.90 | -4.42 |
| ODDO BHF Objectifs Revenus DI-EUR | LU1493433772 | 16.12.2016 | DI-EUR | EUR | - | - | - | -1.3% | -1.3% | -1.3% | -0.4% | -1.1% | - | - | - | 0.4% | 1.2% | - | 0.3% | - | - | - | 0.4% | 1.2% | 1.2% | 0.3% | - | - | - | -2.51 | -1.56 | -0.73 | -1.93 | - | - | - | -2.48 | -1.55 | -0.90 | -2.40 |

This document has been drawn up by ODDO BHF Asset Management for internal purpose only and mustn't be communicated to any investor or distributor.
Remind that past performance is not a reliable indication of future returns and is not constant over time.
ODDO BHF Asset Management SAS (France)
*21/06/2018 - 21/06/2019
** 19/01/2018 - 21/01/2019
Since inception data
- 	11.03.2019
- 	14.05.2020


### APPENDICE (non certificata) (segue)
3) METODO DI CALCOLO DELL'ESPOSIZIONE GLOBALE
L’approcio fondato sugli impegni
La Società calcola l'esposizione globale di tutti i comparti con l'approccio fondato sugli impegni, ad eccezione del Comparto Credit Opportunities che applica l’approcio del VaR assoluto, allo scopo di monitorare e misurare l'esposizione globale.
L'esposizione globale dei comparti è calcolata in base all'approccio fondato sugli impegni conformemente alla metodologia descritta nelle linee guida ESMA 10-788.
L’approcio del VaR assoluto
Il Comparto Credit Opportunities applica il metodo del Value at Risk (VaR) assoluto per monitorare e misurare l’esposizione globale.
Il limite è fissato al 20 %.
I limiti di VaR applicati nell’esercizio considerato sono i seguenti (du 01/11/2020 al 31/10/2021):
- Limite più basso: 1,23%
- Limite più alto: 6,12%- Media: 3,29%I dati di input utilizzati per il calcolo del VaR sono i seguenti:
- Modello: Simulazione storica
- Intervallo di confidenza: 99 %
- Periodo di detenzione: 20 giorni
- Durata dei dati storici: 3 ans (con fattore du decadimento, emivita = 6 mesi)Il livello medio di leva finanziaria calcolato utilizzando l’approccio delle somme dei nozionali è stato pari allo 36,50 %.


### APPENDICE (non certificata) (segue)
4/ RELAZIONE SULLA REMUNERAZIONE DELLA SOCIETÀ DI GESTIONE CONFORMEMENTE ALLA DIRETTIVA OICVM V
- - Voci quantitative

|  | Remunerazione fissa | Remunerazione variabile (*) | Numero di beneficiari (**) |
| --- | --- | --- | --- |
| Remunerazione totale pagata per	l'esercizio	finanziario 2021 | EUR 10,009,368 | EUR 14,517,528 | 165 |

(*) Remunerazione variabile assegnata per l’anno 2021.
(**) “Beneficiari” sono tutti i collaboratori di Oddo BHF Asset Management S.A.S. (“OBAM SAS”) che hanno ricevuto una remunerazione nel 2021 (con contratti di lavoro permanenti/di durata fissa, apprendistato, tirocinio, o dipendenti che lavorano n filiali all'estero).
|  | Senior executive | Numero di beneficiari | Membri del personale che esercitano un'influenza di rilievo sul profilo di rischio della Società | Numero di beneficiari |
| --- | --- | --- | --- | --- |
| Importo totale della remunerazione pagata da gennaio a dicembre 2021 | EUR 3,138,252 | 6 | EUR 16,574,085 | 44 |

(*) Remunerazione variabile per il 2021, pagata nel 2022 e negli anni successivi
- - Voci qualitative
	-  ​Prassi e politica di remunerazione: criteri finanziari e non finanziari
		- Remunerazione fissaI tassi della remunerazione fissa sono stabiliti in modo discrezionale, tenendo conto delle tendenze del mercato, in modo da consentirci di realizzare i nostri obiettivi per il reclutamento di personale operativo qualificato.


- Remunerazione variabileAi sensi delle direttive AIFM 2011/61 e UCITS V 2014/91, ODDO BHF Asset Management SAS (“OBAM SAS”) ha istituito una politica remunerativa intesa a identificare e descrivere i metodi di attuazione della politica di remunerazione variabile, riguardante in particolare l’identificazione dei soggetti interessati, la creazione di un sistema di governance, il comitato per le remunerazioni e i termini di pagamento della remunerazione variabile.

I tassi della remunerazione variabile pagata nell'ambito della Società di gestione sono stabiliti principalmente su base discrezionale. Pertanto, quando i risultati dell'esercizio finanziario in corso sono previsti con un certo grado di accuratezza (metà novembre), si stabilisce un bilancio per la remunerazione variabile e si chiede ai vari gestori – in associazione con il dipartimento delle risorse umane del Gruppo - di esprimere raccomandazioni relative alle modalità di allocazione di tale bilancio tra le singole persone.
Tale processo tiene conto dei risultati di colloqui tra i gestori e ciascun collaboratore mirati a valutare la qualità della loro performance professionale nell'anno in corso (rispetto agli obiettivi stabiliti precedentemente) e stabilire gli obiettivi per l'anno successivo. Tale valutazione include una disanima altamente obiettiva delle modalità con cui sono svolti i compiti (in base a obiettivi quantitativi, generazione di attività o posizione della gestione in un quadro di classificazione specifico, commissioni di performance generate dal fondo gestito, nonché criteri qualitativi (ad esempio, il comportamento del collaboratore durante l'anno).

### APPENDICE (non certificata) (segue)
3/	RELAZIONE	SULLA	REMUNERAZIONE	DELLA	SOCIETÀ	DI	GESTIONE CONFORMEMENTE ALLA DIRETTIVA OICVM V (segue)
2.1.2. Remunerazione variabile (segue)
Tutti i dipendenti di OBAM SAS rientrano nel campo di applicazione della politica di remunerazione di seguito esposta, compresi i dipendenti che non lavorano in Francia.
- Disposizioni specifiche per gli assuntori di rischio e la remunerazione variabile differita
	-  ​Assuntori di rischioOgni anno, OBAM SAS identificherà i soggetti interessati che potrebbero essere qualificati in quanto soggetti che assumono il rischio in conformità con i regolamenti vigenti. L’elenco dei dipendenti così identificati come soggetti che assumono il rischio sarà sottoposto al Comitato per le remunerazioni e trasmesso all’organo di amministrazione competente.

-  ​Remunerazione variabile differitaOBAM SAS ha definito EUR 100.000 come la soglia di proporzionalità che fa scattare il pagamento di un importo di remunerazione variabile differita.

Di conseguenza, i dipendenti la cui remunerazione variabile è inferiore a tale soglia di EUR 100.000 riceveranno immediatamente la remunerazione variabile loro spettante, indipendentemente dal fatto che siano soggetti che assumono il rischio. Per contro, un dipendente classificato come soggetto che assume il rischio e la cui remunerazione variabile superi EUR 100.000 deve ricevere un pagamento differito di tale componente variabile in conformità con i termini di seguito definiti. Al fine di garantire uniformità all’interno di OBAM SAS, è stato deciso di applicare gli stessi termini di pagamento della remunerazione variabile a tutti i dipendenti della società, indipendentemente dal fatto che siano soggetti che assumono il rischio. Un dipendente che non sia un soggetto che assume il rischio, ma la cui remunerazione variabile superi EUR 100.000, riceverà pertanto un pagamento differito della componente di tale remunerazione variabile in conformità con quanto di seguito definito.
La remunerazione differita sarà costituita dal 40% dell’importo della remunerazione variabile totale, dal primo euro. Tutta la suddetta componente differita sarà soggetta a indicizzazione come di seguito descritto.
Per quanto attiene all’indicizzazione della remunerazione differita, in conformità con gli impegni assunti da OBAM SAS, gli accantonamenti relativi alla componente differita della remunerazione variabile saranno calcolati utilizzando uno strumento introdotto da OBAM SAS. Questo strumento comprenderà un paniere di fondi rappresentativi di ciascuna delle strategie di gestione patrimoniale di OBAM.
A tale indicizzazione non saranno applicati livelli né massimi né minimi. Gli accantonamenti per la remunerazione variabile fluttueranno pertanto in linea con le sovraperformance o le sottoperformance dei fondi che rappresentano il range OBAM SAS a fronte del rispettivo benchmark, ove applicabile. In assenza di un benchmark, si utilizza la performance assoluta.
- Modifiche alla politica di remunerazione apportate durante l'ultimo esercizioL’organo di amministrazione della società di gestione si è riunito il 22 dicembre 2020 per rivedere i principi generali della politica di remunerazione con i membri del team Compliance e in particolare i metodi di calcolo della remunerazione variabile indicizzata (composizione del paniere di indicizzazione).Lo scorso anno  non  sono  state  apportate  modifiche  di  rilievo  alla  politica  di  remunerazion.