# EFG LIFE INVEST – 40
Category Other Funds for Traditional Investments
| Three-year comparison |  |
| --- | --- |
|  | ISIN | 31.12.2021 |  | 31.12.2020 |  | 31.12.2019 |
| Net fund assets in CHF |  | 31 568 747.38 |  | 28 080 234.05 |  | 22 563 432.24 |
| CLASS R | CH0110906226 |  |  |  |  |  |
| Net asset value per unit in CHF |  | 145.00 |  | 137.70 |  | 128.11 |
| Number of units outstanding |  | 217 718.4500 |  | 203 919.1500 |  | 176 130.4500 |
| Performance |  |  |  |  |  |  |
|  |  | Currency | 2021 |  | 2020 | 2019 |
| CLASS R 1 |  | CHF | 5.3% |  | 7.5% | 9.4% |

1 
The sub-fund in accordance with the fund contract does not have a benchmark, which means that the performance of the sub-fund cannot be compared with a benchmark. Historical performance is no indicator of current or future performance.
The performance data does not take account of any commissions and costs charged when subscribing and redeeming units.
| Structure of the securities portfolio |  |
| --- | --- |
| THE 10 LARGEST ISSUERS IN % OF TOTAL ASSETS |  |
| New Capital Institutional Fund – Bonds CHF | 13.69 |
| White Fleet III – Globes Conviction Swiss Stocks | 11.96 |
| New Capital Institutional Fund – Foreign Bond | 9.06 |
| SYZ AM CH Track – CHF Bonds | 7.87 |
| New Capital Ucits Fund Plc New Cap Global Equity | 7.34 |
| New Capital Multihelvetia M | 7.26 |
| New Cap Ucits Fund-New Cap Wealth Nations | 5.05 |
| New Cap Ucits Fund Plc-New Cap Glb Conv Bond Fund | 5.04 |
| New Capital UCITS Fund-Dynamic European Equity Fund | 2.62 |
| Invesco At1 Capital Bond Ucits ETF | 2.62 |
| Others | 24.12 |
| TOTAL | 96.63 |
| There may be differences in the way the percentages mentioned above are rounded off. |  |

Report of the Portfolio Manager
2021 was a good year for financial markets in general, on the back of optimism regarding the strong economic recovery. The rebound in the global economy signifi- cantly boosted corporate earnings and share prices, benefiting all sectors.
Overall, developed country equity markets outper- formed emerging markets, with Europe and the US leading the way, while China and Latin America disap- pointed expectations.
On the macro side, despite the emergence of the new Omicron variant and some downward revisions to mid- year expectations due to supply chain issues, we con- tinued to see encouraging data on economic growth in general, particularly due to gradual post-COVID reopening. Corporate earnings have shown resilience in this environment with a robust growth outlook.
Concerns about inflation, which is proving more persis- tent than expected, led several central banks to review their strategies. In December, the Federal Reserve (Fed) accelerated tapering and projected several rate hikes over the next three years; the European Central Bank (ECB) reduced stimulus related to the COVID-19 emergency.
As mentioned above, within equities, most developed countries have performed strongly since the beginning of the year, supported by investor sentiment in the resil- ience of the world’s economies to pre-pandemic levels, despite the emergence of the new Omicron variant.
Annual Report as of 31 December 2021 EFG LIFE INVEST – 40
| Statement of assets |  |
| --- | --- |
|  | 31.12.2021 | 31.12.2020 |
| Market values | CHF | CHF |
| Bank deposits |  |  |
| – at sight | 1 005 965.88 | 1 325 575.24 |
| Securities – Units of other collective investment schemes | 30 530 046.40 | 26 707 111.46 |
| Derivative financial instruments | 0.00 | 23 160.20 |
| Other assets | 61 001.85 | 52 434.60 |
| Total fund assets | 31 597 014.13 | 28 108 281.50 |
| Other liabilities | -28 266.75 | -28 047.45 |
| Net fund assets | 31 568 747.38 | 28 080 234.05 |
| Statement of income |  |  |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
| Income | CHF | CHF |
| Income from bank assets | 696.39 | 113.83 |
| Negative interest | -8 396.20 | -8 179.47 |
| Income from securities |  |  |
| – from units of other collective investment schemes | 356 555.33 | 289 279.47 |
| Income from securities lending | 3 033.14 | 3 554.68 |
| Offset payments from securities lending | 9 468.03 | 0.00 |
| Purchase of current net income on issue of units | -6 359.84 | -7 660.67 |
| Total income | 354 996.85 | 277 107.84 |
|  |  |  |
| Expenses |  |  |
| Interest payable | -70.67 | -1 586.76 |
| Audit expenses | -14 385.00 | -15 492.65 |
| Commission remuneration of the Fund Management |  |  |
| in accordance with the fund contract Class R | -359 389.39 | -254 280.82 |
| Fiscal adaption due to earnings from target funds Class R 1 | 279 585.88 | 281 759.91 |
| Other expenses | -185.00 | -90.00 |
| Payment of current net income on redemption of units | 7 803.84 | 3 650.46 |
| Total expenses | -86 640.34 | 13 960.14 |
|  |  |  |
| Net income | 268 356.51 | 291 067.98 |
| Realized capital gains and losses | 438 248.33 | 857 269.27 |
| Fiscal adaption due to earnings from target funds Class R 1 | -279 585.88 | -281 759.91 |
| Realized result | 427 018.96 | 866 577.34 |
| Unrealized capital gains and losses | 1 137 571.67 | 1 271 302.27 |
| Total result | 1 564 590.63 | 2 137 879.61 |
| Allocation of result |  |  |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
|  | CHF | CHF |
| Net income of the financial year | 268 356.51 | 291 067.98 |
| Available for distribution | 268 356.51 | 291 067.98 |
| Less federal withholding tax | -93 924.78 | -101 873.79 |
| Net income retained for reinvestment | -174 431.73 | -189 194.19 |
| Balance carried forward | 0.00 | 0.00 |
| 1  according to ESTV circular No. 24, item 2.8.3, dated 20.11.2017 |  |  |

Annual Report as of 31 December 2021 EFG LIFE INVEST – 40
| Changes in net fund assets |  |
| --- | --- |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
|  | CHF | CHF |
| Net fund assets at the beginning of the financial year | 28 080 234.05 | 22 563 432.24 |
| Balance of unit movements | 1 923 922.70 | 3 378 922.20 |
| Total result | 1 564 590.63 | 2 137 879.61 |
| Net fund assets at the end of the reporting period | 31 568 747.38 | 28 080 234.05 |
| Development of the outstanding units |  |  |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
| Class R | Number | Number |
| Situation at the beginning of the financial year | 203 919.1500 | 176 130.4500 |
| Units issued | 45 549.0000 | 58 534.9800 |
| Units redeemed | -31 749.7000 | -30 746.2800 |
| Situation at the end of the period | 217 718.4500 | 203 919.1500 |
| Difference between units issued and units redeemed | 13 799.3000 | 27 788.7000 |
| Net income retained for reinvestment (accumulation) |  |  |
| Class R |  |  |
| Reinvestment on 30 March 2022 |  |  |
| Gross accumulation | CHF	1.232 |  |
| Less federal withholding tax 1 | CHF	-0.431 |  |
| Net accumulation per unit | CHF	0.801 |  |

1 
If the reporting procedure pursuant to FTA Circular No. 24, item 2.4, dated 20.11.2017 in conjunction with ART. 38a of the WHTO (VStV) applies, a gross distribution will be made.
Annual Report as of 31 December 2021 EFG LIFE INVEST – 40
| Inventory of Fund assets |  |
| --- | --- |
| Security |  | 31.12.2020 Quantity/ Nominal | Purchases 1 | Sales 2 | 31.12.2021 Quantity/ Nominal | Market value 3 in CHF | in % 3 | Thereof in lending Quantity/Nominal |
| Securities traded on an exchange |  |  |  |  |  |  |  |  |
| Investment certificates, open end |  |  |  |  |  |  |  |  |
| Global |  |  |  |  |  |  |  |  |
| INVESCO AT1 CAPITAL BOND UCITS ETF-HEDGED EUR* | EUR | 39 000 |  |  | 39 000 | 827 157 | 2.62 |  |
| NEUBERGER BERMAN SHORT DURATION EMER MRKT DEBT FD-I-CHF-DIST* | CHF | 61 000 |  |  | 61 000 | 476 410 | 1.51 |  |
| X-TRACKERS MSCI WORLD SWAP INDEX ETF-1C-CAPITALISATION* | USD | 14 000 |  | 14 000 |  |  |  |  |
| Total Global |  |  |  |  |  | 1 303 567 | 4.13 |  |
| Switzerland |  |  |  |  |  |  |  |  |
| BONHOTE - IMMOBILIER* | CHF |  | 1 829 | 1 829 |  |  |  |  |
| SWISSCANTO (CH) REAL ESTATE FUND IFCA* | CHF |  | 1 686 |  | 1 686 | 295 050 | 0.93 |  |
| UBS (CH) PROP FUND - SWISS RESIDENTIAL ‘ANFOS’* | CHF |  | 6 000 |  | 6 000 | 557 400 | 1.76 |  |
| UBS (CH) PROP FUND - LEMAN RESIDENTIAL ‘FONCIPARS’* | CHF |  | 2 235 |  | 2 235 | 318 488 | 1.01 |  |
| UBS (CH) PROP FUND - SWISS MIXED ‘SIMA’* | CHF |  | 3 351 |  | 3 351 | 497 959 | 1.58 |  |
| Total Switzerland |  |  |  |  |  | 1 668 896 | 5.28 |  |
| United States |  |  |  |  |  |  |  |  |
| ISHARES EDGE MSCI USA VALUE FACTOR UCITS ETF-CAP* | USD |  | 75 000 |  | 75 000 | 646 632 | 2.05 |  |
| LYXOR UCITS ETF DAILY DOUBLE SHORT 10Y US TREASURY-C USD-ETF* Total United States | USD |  | 20 000 | 20 000 |  | 646 632 | 2.05 |  |
| Total Investment certificates, open end |  |  |  |  |  | 3 619 095 | 11.45 |  |
| Rights |  |  |  |  |  |  |  |  |
| Switzerland |  |  |  |  |  |  |  |  |
| UBS (CH) PTY FD-LEMAN RESIDENCIAL FONCIPARS RIGHTS 07.05.21* | CHF |  | 2 016 | 2 016 |  |  |  |  |
| Total Switzerland |  |  |  |  |  |  | 0.00 |  |
| Total Rights |  |  |  |  |  |  | 0.00 |  |
| Total Securities traded on an exchange |  |  |  |  |  | 3 619 095 | 11.45 |  |

Securities traded neither on an exchange nor on a regulated market
Investment certificates, open end
| Asia |  |
| --- | --- |
| NEW CAP UCITS FND PLC-NEW CAPL ASIA FUT LEADERS FD-I-USD-CAP** | USD | 3 200 |  |  | 3 200 | 592 291 | 1.87 |
| Total Asia |  |  |  |  |  | 592 291 | 1.87 |
| Asia ex Japan |  |  |  |  |  |  |  |
| SCHRODER INTERNATIONAL SELEC FUND SICAV-PACIFIC EQUITY-C** | USD |  | 13 716 |  | 13 716 | 403 577 | 1.28 |
| Total Asia ex Japan |  |  |  |  |  | 403 577 | 1.28 |
| China |  |  |  |  |  |  |  |
| ALLIANZ CHINA A-SHARES SHS-PT(USD)-CAPITALISATION** | USD | 258 |  | 258 |  |  |  |
| Total China |  |  |  |  |  |  | 0.00 |
| Europe |  |  |  |  |  |  |  |
| NEW CAPITAL UCITS FD-DYNAMIC EUROPEAN EQUITY FUND-EUR-ACCUM** | EUR | 4 977 |  |  | 4 977 | 828 470 | 2.62 |
| Total Europe |  |  |  |  |  | 828 470 | 2.62 |
| Global |  |  |  |  |  |  |  |
| CREDIT SUISSE (CH) UMBRELLA-EQUITY EMERGING MARKETS BLUE-QA** | CHF | 315 |  |  | 315 | 434 394 | 1.37 |
| FIRST SENTIER INVEST GLOB-GLOB LI INFRA FD-ACC-VI-PF HGD CHF** | CHF |  | 48 500 |  | 48 500 | 488 526 | 1.55 |
| KONWAVE TRANSITION METALS FUND C- CAPITALISATION** | CHF |  | 5 108 |  | 5 108 | 648 892 | 2.05 |
| LAZARD GLOBAL INVESTMENT FUNDS PLC-ACCUM -E- HEDGED CHF-CAP** | CHF | 3 454 |  |  | 3 454 | 399 788 | 1.27 |
| LOMBARD ODIER FDS SICAV - INVESTMENT GRADE A-BBB (CHF)-N CAP** | CHF |  | 99 958 | 99 958 |  |  |  |
| NE CAP UCITS FD PLC-NEW CAP GLB CONV BD FD-ACCUM SHS-I-USD** | USD | 7 980 | 5 691 |  | 13 671 | 1 591 383 | 5.04 |
| NEW CAP UCITS FD-NEW CAP WEALTH NATIONS BD FD-S-EUR-ACC** | EUR | 12 934 |  |  | 12 934 | 1 595 646 | 5.05 |
| NEW CAPITAL INSTITUTIONAL FUND - FOREIGN BOND** | CHF | 32 000 |  |  | 32 000 | 2 863 680 | 9.06 |
| NEW CAPITAL INSTITUTIONAL FUND - BONDS CHF** | CHF | 51 500 |  | 13 000 | 38 500 | 4 324 705 | 13.69 |
| NEW CAPITAL UCITS FUND PLC NEW CAP GLOBAL EQU ACC SHS-I-CHF** | CHF | 14 000 |  |  | 14 000 | 2 319 660 | 7.34 |
| NORDEA 1-EUROPEAN FINANCIAL DEBT FUND-HBI-CHF-CAP** | CHF | 3 639 |  | 3 639 |  |  |  |
| SYZ AM CH - CHF BONDS-ANTEILE-I2-DISTRIBUTIVE** | CHF | 10 500 | 13 988 |  | 24 488 | 2 485 754 | 7.87 |
| Total Global |  |  |  |  |  | 17 152 428 | 54.28 |
| Japan |  |  |  |  |  |  |  |
| NEW CAPITAL UCITS-NEW CAPITAL JAPAN EQUITY FUND-ACC-INST-CHF** | CHF | 2 584 |  |  | 2 584 | 304 828 | 0.96 |
| Total Japan |  |  |  |  |  | 304 828 | 0.96 |
| Switzerland |  |  |  |  |  |  |  |
| CSIF SWITZERLAND TOTAL MARKET INDEX BLUE-FA-CHF-DIST** | CHF | 325 |  |  | 325 | 798 207 | 2.53 |
| NEW CAPITAL MULTIHELVETIA M** | CHF | 15 300 |  |  | 15 300 | 2 294 388 | 7.26 |
| WHITE FLEET III - GLOBES CONVICTION SWISS STOCKS-I (CHF)-CAP** | CHF | 19 120 |  |  | 19 120 | 3 778 494 | 11.96 |
| Total Switzerland |  |  |  |  |  | 6 871 089 | 21.75 |
| United States |  |  |  |  |  |  |  |
| JPMORGAN FUNDS-US SMALLER COMPANIES-C-USD-ACC** | USD | 2 993 |  |  | 2 993 | 758 268 | 2.41 |
| Total United States |  |  |  |  |  | 758 268 | 2.41 |
| Total Investment certificates, open end |  |  |  |  |  | 26 910 951 | 85.18 |
| Total Securities traded neither on an exchange nor on a regulated market |  |  |  |  |  | 26 910 951 | 85.18 |

Annual Report as of 31 December 2021 EFG LIFE INVEST – 40
Total securities and similar instruments	30 530 046	96.63
(thereof in lending	0.00)
Bank deposits at sight	1 005 966	3.18
Other assets	61 002	0.19
Total fund assets	31 597 014	100.00
Other liabilities	-28 267
Net fund assets	31 568 747
| Valuation categories | Market value as of | in % |
| --- | --- | --- |
|  | 31.12.2021 | of the total |
|  |  | fund assets 3 |
| Investments valued at prices paid on the main market | 3 619 095 | 11.45 |
| Investments valuation based on market-observed parameters | 26 910 951 | 85.18 |
| Investments valued with suitable valuation models taking account of the current market circumstances | – | – |
| Total | 30 530 046 | 96.63 |

1 
Purchases include the following transactions: allotment from subscription / allotment from option rights / option rights / allotment of subscription rights from underlying stocks / bonus securities / change of corporate names / conversions / purchases / share exchange between companies / stock splits / stock dividends / optional dividends / transfers / transfer due to redenomination in euro / subscriptions in kind
2 
Sales include the following transactions: cancellation as a result of expiry / draws by lot / exercise of rights / options / repayments / reverse-splits / sales / share exchange between companies / transfers / transfer due to redenomination in euro / redemptions in kind
3 
Divergences in the totals may be attributed to rounding differences
* valued at prices paid on the main market (art. 88 para. 1 CISA)
| ** valuation based on market-observed parameters |  |
| --- | --- |
| Derivative financial instruments |
| CISO-FINMA Art. 23 |
| Transactions in exposure-reducing derivatives during the period under review |
| Instrument |  | Currency | Purchase/ Contracts | Sale/ Contracts |
| Futures on interest rate instruments/bonds |  |  |  |  |
| US 10YR TREASURY NOTE FUTURE 21.09.21 |  | USD | 30 | 30 |
| Transactions in exposure-increasing derivatives during the period under review |  |  |  |  |
| Instrument |  | Currency | Purchase/ Contracts | Sale/ Contracts |
| Futures on indices/commodities/currencies |  |  |  |  |
| EURO STOXX 50 INDEX FUTURE 19.03.21 |  | EUR | 0 | 15 |
| Transactions in derivatives on currencies during the period under review |  |  |  |  |
| Sale	Sale	Purchase Currency	Amount	Currency | Purchase Amount |  |  | Maturity |
| Forward exchange transactions |  |  |  |  |
| CHF | 12 | USD | 13 | 06.04.2021 |
| EUR | 1 300 000 | CHF | 1 415 570 | 28.05.2021 |
| EUR | 1 200 000 | CHF | 1 315 740 | 28.05.2021 |

Translation (ENIT, 2021-12-31):
# EFG LIFE INVEST – 40
Categoria altri fondi per investimenti tradizionali
| Confronto su tre anni |  |
| --- | --- |
|  | ISIN | 31.12.2021 |  | 31.12.2020 |  | 31.12.2019 |
| Patrimonio netto del fondo in CHF |  | 31 568 747.38 |  | 28 080 234.05 |  | 22 563 432.24 |
| CLASSE R | CH0110906226 |  |  |  |  |  |
| Valore d’inventario netto per quota in CHF |  | 145.00 |  | 137.70 |  | 128.11 |
| Quantità di quote in circolazione |  | 217 718,4500 |  | 203 919,1500 |  | 176 130,4500 |
| Performance |  |  |  |  |  |  |
|  |  | Moneta | 2021 |  | 2020 | 2019 |
| CLASSE R 1 |  | CHF | 5.3% |  | 7.5% | 9.4% |

1 
Il comparti non dispone conformemente al contractto del fondo di un indice di riferimento e pertanto non è possibile paragonare la sua performance a quella di un benchmark. La performance del passato non è indicativa dei rendimenti attuali o futuri.
La performance indicata non tiene conto delle commissioni e dei costi addebitati all’atto dell’emissione e del riscatto di quote.
Rapporto del Portfolio Manager
Il 2021 è stato un anno positivo per i mercati finanziari in generale, sulla scia dell’ottimismo riguardante la forte ripresa economica. Il rimbalzo dell’economia mondiale ha incrementato significativamente gli utili aziendali e le quotazioni, con benefici su tutti i settori.
Complessivamente i mercati azionari dei Paesi sviluppati hanno fatto meglio di quelli emergenti, con Europa e Stati Uniti a fare da traino, mentre Cina e America Latina hanno deluso le aspettative.
Sul lato macroeconomico, malgrado l’apparizione della nuova variante Omicron ed alcune revisioni al ribasso rispetto alle attese di metà anno viste le problematiche dal lato supply chain, abbiamo continuato a vedere dati incoraggianti riguardo la crescita economica in generale dovuti in particolar modo alle graduali riaperture post- COVID. Gli utili aziendali hanno, in tale contesto, mostrato resilienza con prospettive di crescita robuste.
Le preoccupazioni legate all’inflazione, che si sta rive- lando più persistente del previsto, hanno portato diverse Banche Centrali a rivedere le proprie strategie. A dicem- bre la Federal Reserve (Fed) ha accelerato il tapering e proiettato numerosi rialzi dei tassi nei prossimi tre anni; la Banca Centrale Europea (BCE) ha ridotto gli stimoli legati all’emergenza COVID-19.
Come anticipato, all’interno del comparto azionario, da inizio anno, si registrano performance decisamente posi- tive per la maggior parte dei Paesi sviluppati, supportati dal sentimento favorevole degli investitori nella capacità di ripresa delle economie mondiali, ai livelli pre-pandemia, malgrado l’apparizione della nuova variante Omicron.
Struttura del portafoglio titoli
I 10 MAGGIORI EMITTENTI IN % DEL PATRIMONIO GLOBALE DEL FONDO	
New Capital Institutional Fund – Bonds CHF	13,69
White Fleet III – Globes Conviction Swiss Stocks	11,96
New Capital Institutional Fund – Foreign Bond	9,06
SYZ AM CH Track – CHF Bonds	7,87
New Capital Ucits Fund Plc New Cap Global Equity	7,34
New Capital Multihelvetia M	7,26
New Cap Ucits Fund-New Cap Wealth Nations	5,05
New Cap Ucits Fund Plc-New Cap Glb Conv Bond Fund	5,04 New Capital UCITS Fund-Dynamic European Equity Fund	2,62 Invesco At1 Capital Bond Ucits ETF	2,62
Altri	24,12
TOTALE	96,63
Le percentuali sopra indicate possono contenere differenze di arrotondamento.
Rapporto annuale al 31 dicembre 2021 EFG LIFE INVEST – 40
| Conto patrimoniale |  |
| --- | --- |
|  | 31.12.2021 | 31.12.2020 |
| Valori di mercato | CHF | CHF |
| Averi bancari – a vista | 1 005 965.88 | 1 325 575.24 |
| Valori mobiliari – Quote di altri organismi di investimento collettivo | 30 530 046.40 | 26 707 111.46 |
| Strumenti finanziari derivati | 0.00 | 23 160.20 |
| Altri valori patrimoniali | 61 001.85 | 52 434.60 |
| Patrimonio globale del fondo | 31 597 014.13 | 28 108 281.50 |
| Altri impegni | -28 266.75 | -28 047.45 |
| Patrimonio netto del fondo | 31 568 747.38 | 28 080 234.05 |
| Conto economico |  |  |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
| Redditi | CHF | CHF |
| Redditi degli averi bancari | 696.39 | 113.83 |
| Interessi negativi | -8 396.20 | -8 179.47 |
| Redditi dei valori mobiliari – da quote di altri organismi di investimento collettivo | 356 555.33 | 289 279.47 |
| Redditi dal prestito di titoli | 3 033.14 | 3 554.68 |
| Pagamenti di compensazione dal Securities Lending | 9 468.03 | 0.00 |
| Pagamenti dei sottoscrittori per acquisizione del diritto ai redditi netti trascorsi | -6 359.84 | -7 660.67 |
| Totale dei redditi | 354 996.85 | 277 107.84 |
|  |  |  |
| Costi |  |  |
| Interessi passivi | -70.67 | -1 586.76 |
| Spese di revisione | -14 385.00 | -15 492.65 |
| Remunerazione contrattuale della commissione alla direzione del fondo Classe R | -359 389.39 | -254 280.82 |
| Adeguamento fiscale dovuto al reddito da fondi target Classe R 1 | 279 585.88 | 281 759.91 |
| Altre spese | -185.00 | -90.00 |
| Redditi netti pagati ai partecipanti uscenti, al momento del riscatto | 7 803.84 | 3 650.46 |
| Totale dei costi | -86 640.34 | 13 960.14 |
|  |  |  |
| Reddito netto | 268 356.51 | 291 067.98 |
| Utili e perdite di capitale realizzati | 438 248.33 | 857 269.27 |
| Adeguamento fiscale dovuto al reddito da fondi target Classe R 1 | -279 585.88 | -281 759.91 |
| Risultato economico | 427 018.96 | 866 577.34 |
| Utili e perdite di capitale non realizzati | 1 137 571.67 | 1 271 302.27 |
| Risultato economico globale | 1 564 590.63 | 2 137 879.61 |
| Utilizzazione del risultato economico |  |  |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
|  | CHF | CHF |
| Reddito netto dell’esercizio contabile | 268 356.51 | 291 067.98 |
| Risultato disponibile per la distribuzione | 268 356.51 | 291 067.98 |
| Meno imposta preventiva federale | -93 924.78 | -101 873.79 |
| Importo previsto per essere reinvestito | -174 431.73 | -189 194.19 |
| Riporto sul nuovo conto | 0.00 | 0.00 |
| 1  secondo la circolare AFC n. 24 del 20.11.2017, cifra 2.8.3 |  |  |

Rapporto annuale al 31 dicembre 2021 EFG LIFE INVEST – 40
| Variazione del patrimonio netto del fondo |  |  |
| --- | --- | --- |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
|  | CHF | CHF |
| Patrimonio netto del fondo all’inizio dell’esercizio contabile | 28 080 234.05 | 22 563 432.24 |
| Saldo dei movimenti delle quote | 1 923 922.70 | 3 378 922.20 |
| Risultato economico globale | 1 564 590.63 | 2 137 879.61 |
| Patrimonio netto del fondo alla fine del periodo in rassegna | 31 568 747.38 | 28 080 234.05 |
| Andamento delle quote in circolazione |  |  |
|  | 1.1.2021–31.12.2021 | 1.1.2020–31.12.2020 |
| Classe R | Quantità | Quantità |
| Situazione all’inizio dell’esercizio contabile | 203 919,1500 | 176 130,4500 |
| Quote emesse | 45 549,0000 | 58 534,9800 |
| Quote riscattate | -31 749,7000 | -30 746,2800 |
| Situazione alla fine del periodo | 217 718,4500 | 203 919,1500 |
| Differenza tra il numero delle quote emesse e quello delle quote riscattate | 13 799,3000 | 27 788,7000 |
| Importo previsto per essere reinvestito (capitalizzazione) |  |  |
| Classe R |  |  |
| Reinvestimento al 30 marzo 2022 |  |  |
| Capitalizzazione lordo | CHF	1.232 |  |
| Meno imposta preventiva federale 1 | CHF	-0.431 |  |
| Capitalizzazione netto per quota | CHF	0.801 |  |

1 
Se si applica la procedura di notifica ai sensi della circolare AFC n. 24 del 20.11.2017, cifra 2.4 in combinato disposto con l’art. 38a della OIPrev, viene effettuata una distribuzione lorda.
Rapporto annuale al 31 dicembre 2021 EFG LIFE INVEST – 40
| Inventario del patrimonio del fondo |  |
| --- | --- |
| Titoli |  | 31.12.2020 Quantità/ Nominale | Acquisti 1 | Vendite 2 | 31.12.2021 Quantità/ Nominale | Valore venale 3 in CHF | in % 3 | di cui in prestito Quantità/Nominale |
| Valori mobiliari negoziati in borsa |  |  |  |  |  |  |  |  |
| Certificati d’investimento open end |  |  |  |  |  |  |  |  |
| Globale |  |  |  |  |  |  |  |  |
| INVESCO AT1 CAPITAL BOND UCITS ETF-HEDGED EUR* | EUR | 39 000 |  |  | 39 000 | 827 157 | 2,62 |  |
| NEUBERGER BERMAN SHORT DURATION EMER MRKT DEBT FD-I-CHF-DIST* | CHF | 61 000 |  |  | 61 000 | 476 410 | 1,51 |  |
| X-TRACKERS MSCI WORLD SWAP INDEX ETF-1C-CAPITALISATION* | USD | 14 000 |  | 14 000 |  |  |  |  |
| Totale Globale |  |  |  |  |  | 1 303 567 | 4,13 |  |
| Svizzera |  |  |  |  |  |  |  |  |
| BONHOTE - IMMOBILIER* | CHF |  | 1 829 | 1 829 |  |  |  |  |
| SWISSCANTO (CH) REAL ESTATE FUND IFCA* | CHF |  | 1 686 |  | 1 686 | 295 050 | 0,93 |  |
| UBS (CH) PROP FUND - SWISS RESIDENTIAL ‘ANFOS’* | CHF |  | 6 000 |  | 6 000 | 557 400 | 1,76 |  |
| UBS (CH) PROP FUND - LEMAN RESIDENTIAL ‘FONCIPARS’* | CHF |  | 2 235 |  | 2 235 | 318 488 | 1,01 |  |
| UBS (CH) PROP FUND - SWISS MIXED ‘SIMA’* | CHF |  | 3 351 |  | 3 351 | 497 959 | 1,58 |  |
| Totale Svizzera |  |  |  |  |  | 1 668 896 | 5,28 |  |
| Stati Uniti |  |  |  |  |  |  |  |  |
| ISHARES EDGE MSCI USA VALUE FACTOR UCITS ETF-CAP* | USD |  | 75 000 |  | 75 000 | 646 632 | 2,05 |  |
| LYXOR UCITS ETF DAILY DOUBLE SHORT 10Y US TREASURY-C USD-ETF* Totale Stati Uniti | USD |  | 20 000 | 20 000 |  | 646 632 | 2,05 |  |
| Totale Certificati d’investimento open end |  |  |  |  |  | 3 619 095 | 11,45 |  |
| Diritti |  |  |  |  |  |  |  |  |
| Svizzera |  |  |  |  |  |  |  |  |
| UBS (CH) PTY FD-LEMAN RESIDENCIAL FONCIPARS RIGHTS 07.05.21* | CHF |  | 2 016 | 2 016 |  |  |  |  |
| Totale Svizzera |  |  |  |  |  |  | 0,00 |  |
| Totale Diritti |  |  |  |  |  |  | 0,00 |  |
| Totale Valori mobiliari negoziati in borsa |  |  |  |  |  | 3 619 095 | 11,45 |  |

Valori mobiliari non negoziati in borsa o su un altro mercato regolamentato e accessibile al pubblico
Certificati d’investimento open end
| Asia |  |
| --- | --- |
| NEW CAP UCITS FND PLC-NEW CAPL ASIA FUT LEADERS FD-I-USD-CAP** | USD | 3 200 |  |  | 3 200 | 592 291 | 1,87 |
| Totale Asia |  |  |  |  |  | 592 291 | 1,87 |
| Asia, Giappone escluso |  |  |  |  |  |  |  |
| SCHRODER INTERNATIONAL SELEC FUND SICAV-PACIFIC EQUITY-C** | USD |  | 13 716 |  | 13 716 | 403 577 | 1,28 |
| Totale Asia, Giappone escluso |  |  |  |  |  | 403 577 | 1,28 |
| Cina |  |  |  |  |  |  |  |
| ALLIANZ CHINA A-SHARES SHS-PT(USD)-CAPITALISATION** | USD | 258 |  | 258 |  |  |  |
| Totale Cina |  |  |  |  |  |  | 0,00 |
| Europa |  |  |  |  |  |  |  |
| NEW CAPITAL UCITS FD-DYNAMIC EUROPEAN EQUITY FUND-EUR-ACCUM** | EUR | 4 977 |  |  | 4 977 | 828 470 | 2,62 |
| Totale Europa |  |  |  |  |  | 828 470 | 2,62 |
| Globale |  |  |  |  |  |  |  |
| CREDIT SUISSE (CH) UMBRELLA-EQUITY EMERGING MARKETS BLUE-QA** | CHF | 315 |  |  | 315 | 434 394 | 1,37 |
| FIRST SENTIER INVEST GLOB-GLOB LI INFRA FD-ACC-VI-PF HGD CHF** | CHF |  | 48 500 |  | 48 500 | 488 526 | 1,55 |
| KONWAVE TRANSITION METALS FUND C- CAPITALISATION** | CHF |  | 5 108 |  | 5 108 | 648 892 | 2,05 |
| LAZARD GLOBAL INVESTMENT FUNDS PLC-ACCUM -E- HEDGED CHF-CAP** | CHF | 3 454 |  |  | 3 454 | 399 788 | 1,27 |
| LOMBARD ODIER FDS SICAV - INVESTMENT GRADE A-BBB (CHF)-N CAP** | CHF |  | 99 958 | 99 958 |  |  |  |
| NE CAP UCITS FD PLC-NEW CAP GLB CONV BD FD-ACCUM SHS-I-USD** | USD | 7 980 | 5 691 |  | 13 671 | 1 591 383 | 5,04 |
| NEW CAP UCITS FD-NEW CAP WEALTH NATIONS BD FD-S-EUR-ACC** | EUR | 12 934 |  |  | 12 934 | 1 595 646 | 5,05 |
| NEW CAPITAL INSTITUTIONAL FUND - FOREIGN BOND** | CHF | 32 000 |  |  | 32 000 | 2 863 680 | 9,06 |
| NEW CAPITAL INSTITUTIONAL FUND - BONDS CHF** | CHF | 51 500 |  | 13 000 | 38 500 | 4 324 705 | 13,69 |
| NEW CAPITAL UCITS FUND PLC NEW CAP GLOBAL EQU ACC SHS-I-CHF** | CHF | 14 000 |  |  | 14 000 | 2 319 660 | 7,34 |
| NORDEA 1-EUROPEAN FINANCIAL DEBT FUND-HBI-CHF-CAP** | CHF | 3 639 |  | 3 639 |  |  |  |
| SYZ AM CH - CHF BONDS-ANTEILE-I2-DISTRIBUTIVE** | CHF | 10 500 | 13 988 |  | 24 488 | 2 485 754 | 7,87 |
| Totale Globale |  |  |  |  |  | 17 152 428 | 54,28 |
| Giappone |  |  |  |  |  |  |  |
| NEW CAPITAL UCITS-NEW CAPITAL JAPAN EQUITY FUND-ACC-INST-CHF** | CHF | 2 584 |  |  | 2 584 | 304 828 | 0,96 |
| Totale Giappone |  |  |  |  |  | 304 828 | 0,96 |
| Svizzera |  |  |  |  |  |  |  |
| CSIF SWITZERLAND TOTAL MARKET INDEX BLUE-FA-CHF-DIST** | CHF | 325 |  |  | 325 | 798 207 | 2,53 |
| NEW CAPITAL MULTIHELVETIA M** | CHF | 15 300 |  |  | 15 300 | 2 294 388 | 7,26 |
| WHITE FLEET III - GLOBES CONVICTION SWISS STOCKS-I (CHF)-CAP** | CHF | 19 120 |  |  | 19 120 | 3 778 494 | 11,96 |
| Totale Svizzera |  |  |  |  |  | 6 871 089 | 21,75 |
| Stati Uniti |  |  |  |  |  |  |  |
| JPMORGAN FUNDS-US SMALLER COMPANIES-C-USD-ACC** | USD | 2 993 |  |  | 2 993 | 758 268 | 2,41 |
| Totale Stati Uniti |  |  |  |  |  | 758 268 | 2,41 |
| Totale Certificati d’investimento open end |  |  |  |  |  | 26 910 951 | 85,18 |

Totale Valori mobiliari non negoziati in borsa o su un altro mercato regolamentato e accessibile al pubblico	26 910 951	85,18
Rapporto annuale al 31 dicembre 2021 EFG LIFE INVEST – 40
Totale valori mobiliari	30 530 046	96,63
(di cui in prestito	0,00)
Averi bancari a vista	1 005 966	3,18
Altri valori patrimoniali	61 002	0,19
Patrimonio globale del fondo	31 597 014	100,00
Altri impegni	-28 267
Patrimonio netto del fondo	31 568 747
| Categoria di valutazione | Valore venale al | In percento |
| --- | --- | --- |
|  | 31.12.2021 | del patrimonio |
|  |  | globale del fondo 3 |
| Investimenti valutati in base ai corsi pagati sul mercato principale | 3 619 095 | 11,45 |
| Investimenti valutati in base ai parametri osservabili sul mercato | 26 910 951 | 85,18 |
| Investimenti valutati con opportuni modelli di valutazione considerando le condizioni attuali dei mercati | – | – |
| Totale | 30 530 046 | 96,63 |

1 
«Acquisti» comprendono: acquisti / azioni gratuite / cambiamenti di nome / conversioni / distribuzioni in titoli / frazionamenti di azioni / scambi tra società / «splits» / trasferimenti / trasferimenti dovuti a ridenominazioni in Euro / sottoscritti in natura
2 
«Vendite» comprendono: esercizi di diritti d’opzione / «reverse splits» / rimborsi / scambi tra società / tiraggi a sorte / trasferimenti / trasferimenti dovuti a ridenominazioni in Euro / uscite per scadenza / vendite / rimborsi in natura
3 
Le eventuali differenze nei totali sono dovute ad arrotondamenti
* valutati in base ai corsi pagati sul mercato principale (art. 88 cpv. 1 LlCol)
| ** valutati in base ai parametri osservabili sul mercato |  |
| --- | --- |
| Strumenti finanziari derivati |
| Secondo OICol-FINMA, Art. 23 |
| Strumenti derivati a riduzione d’impegno esercitati nel corso del periodo in rassegna |
| Strumento |  | Moneta | Acquisti/ Contratti | Vendite/ Contratti |
| Futures su strumenti d’interesse/Obbligazioni |  |  |  |  |
| US 10YR TREASURY NOTE FUTURE 21.09.21 |  | USD | 30 | 30 |
| Strumenti derivati ad aumento d’impegno esercitati nel corso del periodo in rassegna |  |  |  |
| Strumento |  | Moneta | Acquisti/ Contratti | Vendite/ Contratti |
| Futures su indici/materie prime/divise |  |  |  |  |
| EURO STOXX 50 INDEX FUTURE 19.03.21 |  | EUR | 0 | 15 |
| Strumenti derivati su divise esercitati nel corso del periodo in rassegna |  |  |  |  |
| Vendita	Vendita	Acquisto Moneta	Importo	Moneta | Acquisto Importo |  |  | Scadenza |
| Operazioni a termine su divise |  |  |  |  |
| CHF | 12 | USD | 13 | 06.04.2021 |
| EUR | 1 300 000 | CHF | 1 415 570 | 28.05.2021 |
| EUR | 1 200 000 | CHF | 1 315 740 | 28.05.2021 |