# Statement of changes in net assets for the year ended December 31, 2020
|  | Candriam Quant Equities Europe | Candriam Quant Equities Multi-Factor EMU | Candriam Quant Equities Multi-Factor Global |
| --- | --- | --- | --- |
| EUR | EUR | EUR |
| Net assets at the beginning of the year |  | 510,157,040 | 28,979,751 | 70,590,428 |
| Income Dividends, net | 2g | 9,515,851 | 498,583 | 1,030,042 |
| Interest on securities lending | 7 | 91,004 | 4,760 | 7,262 |
| Bank interest |  | 663 | 62 | 450 |
| Other income |  | 0 | 2,144 | 0 |
| Total income |  | 9,607,518 | 505,549 | 1,037,754 |
| Expenses Management fees | 3 | 1,720,647 | 67,833 | 288,517 |
| Operating and Administrative Expenses | 4 | 880,644 | 41,613 | 123,081 |
| Performance fees | 5 | 432,810 | 0 | 0 |
| Depositary fees | 4 | 11,401 | 544 | 1,560 |
| Subscription tax | 6 | 119,779 | 2,047 | 26,490 |
| Transaction costs | 2f | 1,452,365 | 13,881 | 28,216 |
| Bank interest |  | 15,366 | 975 | 1,420 |
| Total expenses |  | 4,633,012 | 126,893 | 469,284 |
| Net income / (loss) from investments |  | 4,974,506 | 378,656 | 568,470 |
| Net realised gain / (loss) on sales of investments | 2b | (19,043,161) | (1,192,101) | (198,501) |
| Net realised gain / (loss) on forward foreign exchange contracts | 2e | (3,096) | 0 | 0 |
| Net realised gain / (loss) on foreign exchange |  | (3,414,867) | (67) | (1,131,653) |
| Net realised gain / (loss) |  | (17,486,618) | (813,512) | (761,684) |

Statement of changes in net assets for the year ended December 31, 2020
|  | Candriam Quant Equities USA | Combined |
| --- | --- | --- |
| USD | EUR |
| Net assets at the beginning of the year |  | 545,674,891 | 1,095,852,064 |
| Income Dividends, net | 2g | 5,153,689 | 15,256,555 |
| Interest on securities lending | 7 | 51,599 | 145,198 |
| Bank interest |  | 2,265 | 3,026 |
| Other income |  | 0 | 2,144 |
| Total income |  | 5,207,553 | 15,406,923 |
| Expenses Management fees | 3 | 1,958,616 | 3,677,762 |
| Operating and Administrative Expenses | 4 | 991,467 | 1,855,658 |
| Performance fees | 5 | 5,787 | 437,540 |
| Depositary fees | 4 | 13,776 | 24,764 |
| Subscription tax | 6 | 161,958 | 280,683 |
| Transaction costs | 2f | 309,439 | 1,747,365 |
| Bank interest |  | 3,829 | 20,890 |
| Total expenses |  | 3,444,872 | 8,044,662 |
| Net income / (loss) from investments |  | 1,762,681 | 7,362,261 |
| Net realised gain / (loss) on sales of investments | 2b | 26,115,186 | 910,020 |
| Net realised gain / (loss) on forward foreign exchange contracts | 2e | 869,790 | 707,778 |
| Net realised gain / (loss) on foreign exchange |  | (20,683) | (4,563,491) |
| Net realised gain / (loss) |  | 28,726,974 | 4,416,568 |

Statement of changes in net assets for the year ended December 31, 2020
|  | Candriam Quant Equities Europe | Candriam Quant Equities Multi-Factor EMU | Candriam Quant Equities Multi-Factor Global |
| --- | --- | --- | --- |
| EUR | EUR | EUR |
| Change in net unrealised appreciation / depreciation on investments | 2a | (2,306,151) | (1,142,256) | (3,396,691) |
| Change in net unrealised appreciation / depreciation on forward foreign exchange contracts | 2e | 0 | 0 | (209) |
| Net increase / (decrease) in net assets as a result of operations |  | (19,792,769) | (1,955,767) | (4,158,585) |
| Evolution of the capital |  |  |  |  |
| Subscriptions of shares |  | 120,652,845 | 6,006,769 | 3,012,263 |
| Redemptions of shares |  | (218,045,289) | (19,210,163) | (36,758,262) |
| Dividends distributed | 8 | (2,821,384) | (23) | (106,082) |
| Currency translation |  | 0 | 0 | 0 |
| Net assets at the end of the year |  | 390,150,443 | 13,820,567 | 32,579,762 |

Statement of changes in net assets for the year ended December 31, 2020
|  | Candriam Quant Equities USA | Combined |
| --- | --- | --- |
| USD | EUR |
| Change in net unrealised appreciation / depreciation on investments | 2a | 33,865,234 | 20,832,752 |
| Change in net unrealised appreciation / depreciation on forward foreign exchange contracts | 2e | (60,757) | (49,865) |
| Net increase / (decrease) in net assets as a result of operations |  | 62,531,451 | 25,199,455 |
| Evolution of the capital |  |  |  |
| Subscriptions of shares |  | 71,826,836 | 188,375,515 |
| Redemptions of shares |  | (197,563,834) | (435,481,438) |
| Dividends distributed | 8 | (445,369) | (3,291,486) |
| Currency translation |  | 0 | (40,148,064) |
| Net assets at the end of the year |  | 482,023,975 | 830,506,046 |

Translation (ENDE, 2020-12-31):
# Veränderung des Nettovermögens am 31. Dezember 2020 endende Geschäftsjahr
|  | Candriam Quant Equities Europe | Candriam Quant Equities Multi-Factor EMU | Candriam Quant Equities Multi-Factor Global |
| --- | --- | --- | --- |
| EUR | EUR | EUR |
| Nettovermögen zu Beginn des Geschäftsjahres |  | 510.157.040 | 28.979.751 | 70.590.428 |
| Erträge Dividenden, netto | 2g | 9.515.851 | 498.583 | 1.030.042 |
| Zinsen aus Wertpapierleihe | 7 | 91.004 | 4.760 | 7.262 |
| Bankzinsen |  | 663 | 62 | 450 |
| Sonstige Erträge |  | 0 | 2.144 | 0 |
| Total Erträge |  | 9.607.518 | 505.549 | 1.037.754 |
| Aufwendungen Verwaltungsgebühren | 3 | 1.720.647 | 67.833 | 288.517 |
| Betriebliche und administrative Aufwendungen | 4 | 880.644 | 41.613 | 123.081 |
| Performancegebühren | 5 | 432.810 | 0 | 0 |
| Depotbankgebühr | 4 | 11.401 | 544 | 1.560 |
| Abonnementssteuer | 6 | 119.779 | 2.047 | 26.490 |
| Transaktionskosten | 2f | 1.452.365 | 13.881 | 28.216 |
| Bankzinsen |  | 15.366 | 975 | 1.420 |
| Total Kosten |  | 4.633.012 | 126.893 | 469.284 |
| Nettoertrag / (-verlust) aus Anlagen |  | 4.974.506 | 378.656 | 568.470 |
| Realisierter Nettogewinn / (-verlust) aus Wertpapierverkäufen | 2b | (19.043.161) | (1.192.101) | (198.501) |
| Realisierter Nettogewinn / (-verlust) aus Devisentermingeschäften | 2e | (3.096) | 0 | 0 |
| Nettogewinn / (-verlust) aus Währung |  | (3.414.867) | (67) | (1.131.653) |
| Realisierter Nettogewinn / (-verlust) |  | (17.486.618) | (813.512) | (761.684) |

Veränderung des Nettovermögens am 31. Dezember 2020 endende Geschäftsjahr
|  | Candriam Quant Equities USA | Kombiniert |
| --- | --- | --- |
| USD | EUR |
| Nettovermögen zu Beginn des Geschäftsjahres |  | 545.674.891 | 1.095.852.064 |
| Erträge Dividenden, netto | 2g | 5.153.689 | 15.256.555 |
| Zinsen aus Wertpapierleihe | 7 | 51.599 | 145.198 |
| Bankzinsen |  | 2.265 | 3.026 |
| Sonstige Erträge |  | 0 | 2.144 |
| Total Erträge |  | 5.207.553 | 15.406.923 |
| Aufwendungen Verwaltungsgebühren | 3 | 1.958.616 | 3.677.762 |
| Betriebliche und administrative Aufwendungen | 4 | 991.467 | 1.855.658 |
| Performancegebühren | 5 | 5.787 | 437.540 |
| Depotbankgebühr | 4 | 13.776 | 24.764 |
| Abonnementssteuer | 6 | 161.958 | 280.683 |
| Transaktionskosten | 2f | 309.439 | 1.747.365 |
| Bankzinsen |  | 3.829 | 20.890 |
| Total Kosten |  | 3.444.872 | 8.044.662 |
| Nettoertrag / (-verlust) aus Anlagen |  | 1.762.681 | 7.362.261 |
| Realisierter Nettogewinn / (-verlust) aus Wertpapierverkäufen | 2b | 26.115.186 | 910.020 |
| Realisierter Nettogewinn / (-verlust) aus Devisentermingeschäften | 2e | 869.790 | 707.778 |
| Nettogewinn / (-verlust) aus Währung |  | (20.683) | (4.563.491) |
| Realisierter Nettogewinn / (-verlust) |  | 28.726.974 | 4.416.568 |

Veränderung des Nettovermögens am 31. Dezember 2020 endende Geschäftsjahr
|  | Candriam Quant Equities Europe | Candriam Quant Equities Multi-Factor EMU | Candriam Quant Equities Multi-Factor Global |
| --- | --- | --- | --- |
| EUR | EUR | EUR |
| Veränderung der nicht realisierten Gewinn / Verlust aus | 2a | (2.306.151) | (1.142.256) | (3.396.691) |
| Wertpapieren |  |  |  |  |
| Veränderung der nicht realisierten Gewinn / Verlust aus Devisentermingeschäften | 2e | 0 | 0 | (209) |
| Nettoerhöhung / (Nettoverminderung) des Nettovermögens aus |  | (19.792.769) | (1.955.767) | (4.158.585) |
| Geschäftstätigkeit |  |  |  |  |
| Entwicklung des Fondsvermögens |  |  |  |  |
| Zeichnung von Aktien |  | 120.652.845 | 6.006.769 | 3.012.263 |
| Rücknahme von Aktien |  | (218.045.289) | (19.210.163) | (36.758.262) |
| Ausgeschüttete Dividenden | 8 | (2.821.384) | (23) | (106.082) |
| Währungsdifferenz |  | 0 | 0 | 0 |
| Nettovermögen am Ende des Geschäftsjahres |  | 390.150.443 | 13.820.567 | 32.579.762 |

Veränderung des Nettovermögens am 31. Dezember 2020 endende Geschäftsjahr
|  | Candriam Quant Equities USA | Kombiniert |
| --- | --- | --- |
| USD | EUR |
| Veränderung der nicht realisierten Gewinn / Verlust aus | 2a | 33.865.234 | 20.832.752 |
| Wertpapieren |  |  |  |
| Veränderung der nicht realisierten Gewinn / Verlust aus Devisentermingeschäften | 2e | (60.757) | (49.865) |
| Nettoerhöhung / (Nettoverminderung) des Nettovermögens aus |  | 62.531.451 | 25.199.455 |
| Geschäftstätigkeit |  |  |  |
| Entwicklung des Fondsvermögens |  |  |  |
| Zeichnung von Aktien |  | 71.826.836 | 188.375.515 |
| Rücknahme von Aktien |  | (197.563.834) | (435.481.438) |
| Ausgeschüttete Dividenden | 8 | (445.369) | (3.291.486) |
| Währungsdifferenz |  | 0 | (40.148.064) |
| Nettovermögen am Ende des Geschäftsjahres |  | 482.023.975 | 830.506.046 |