# - Convertible Global
### Financial Statements as at 30 April 2018
Statement of net assets as at 30 April 2018
Expressed in EUR
| Assets |  | 27,199,439 |
| --- | --- | --- |
| Investments at market value | Note 2b | 24,922,521 |
| Acquisition cost |  | 24,927,555 |
| Options contracts purchased at market value | Note 2e | 93,903 |
| Options contracts purchased at cost |  | 123,840 |
| Cash at bank |  | 178,536 |
| Margin deposits |  | 473,169 |
| Interest receivable |  | 55,147 |
| Receivable on sale of investments |  | 719,072 |
| Receivable on subscriptions |  | 24,302 |
| Receivable on forward currency exchange contracts |  | 732,789 |
| Liabilities |  | 1,664,634 |
| Options contracts sold at market value | Note 2e | 115,108 |
| Options contracts sold at cost |  | 168,677 |
| Bank overdrafts |  | 238,831 |
| Payable on purchase of investments |  | 101,703 |
| Payable on redemptions |  | 37,690 |
| Unrealised loss on forward currency exchange contracts | Note 2e | 407,629 |
| Investment management and administrative fees payable |  | 25,354 |
| Payable on forward currency exchange contract |  | 734,159 |
| Other liabilities |  | 4,160 |
| Net asset value |  | 25,534,805 |

Changes in number of shares outstanding from 1 November 2017 to 30 April 2018
|  | Shares outstanding as at 1 November 2017 | Shares subscribed | Shares redeemed | Shares outstanding as at 30 April 2018 |
| --- | --- | --- | --- | --- |
| I Shares EUR Capitalisation shares | 59,442.08 | 1,912.00 | 52,904.54 | 8,449.54 |
| GC Shares EUR Capitalisation shares | 4,056.71 | 7,512.54 | 3,463.86 | 8,105.39 |
| R Shares EUR Capitalisation shares | 167,095.11 | 8,430.77 | 25,476.90 | 150,048.98 |
| R Shares USD [H] Capitalisation shares | 2,953.88 | 275.00 | 1,519.74 | 1,709.14 |

Statistics
Period ended as at:
30 April 2018
31 October 2017
31 October 2016
Total Net Assets
EUR
25,534,805	81,311,834	-
| I Shares EUR | EUR | EUR | EUR |
| --- | --- | --- | --- |
| Capitalisation shares |  |  |  |
| Number of shares | 8,449.54 | 59,442.08 | - |
| Net asset value per share | 1,052.69 | 1,060.06 | - |

| GC Shares EUR | EUR | EUR | EUR |
| --- | --- | --- | --- |
| Capitalisation shares |  |  |  |
| Number of shares | 8,105.39 | 4,056.71 | - |
| Net asset value per share | 105.27 | 106.01 | - |

| R Shares EUR | EUR | EUR | EUR |
| --- | --- | --- | --- |
| Capitalisation shares |  |  |  |
| Number of shares | 150,048.98 | 167,095.11 | - |
| Net asset value per share | 104.20 | 105.32 | - |

| R Shares USD [H] | USD | USD | USD |
| --- | --- | --- | --- |
| Capitalisation shares |  |  |  |
| Number of shares | 1,709.14 | 2,953.88 | - |
| Net asset value per share | 107.00 | 106.92 | - |

| Quantity	Denomination	Quotation	Acquisition cost currency | Market value | % of net assets |
| --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing and / or dealt in on another regulated market	 20,383,771 | 20,296,899 | 79.49 |
| Bonds	 1,803,572 | 1,766,973 | 6.92 |
| France	 187,538 | 183,645 | 0.72 |

| 200,000 VINCI SA CONV	0.375 17-22 16/02S	USD | 187,538 | 183,645 | 0.72 |
| --- | --- | --- | --- |
| United States of America | 1,425,770 | 1,378,499 | 5.40 |
| 400,000 DISH DBS CORP	5.875 15-24 15/11S	USD | 341,468 | 283,433 | 1.11 |
| 100,000 HUBSPOT INC	0.25 17-22 01/06S	USD | 93,272 | 105,482 | 0.41 |
| 100,000 II VI INC	0.25 17-22 01/09S	USD | 95,462 | 89,789 | 0.35 |
| 500,000 LAM RESEARCH	2.75 15-20 15/03S	USD | 478,863 | 412,328 | 1.61 |
| 440,000 SERVICENOW INC CV  0.00 17-22 01/06U | USD | 416,705 | 487,467 | 1.92 |
| British Virgin Islands |  | 190,264 | 204,829 | 0.80 |
| 200,000 CP FOODS HLDGS LTD  0.50 16-21 22/09S	USD | 190,264 | 204,829 | 0.80 |
| Convertible bonds | 18,580,199 | 18,529,926 | 72.57 |
| Luxembourg | 347,245 | 360,012 | 1.41 |
| 200,000 AROUNDTOWN PROPERT 1.50 15-21 18/01Q	EUR | 246,495 | 256,644 | 1.01 |
| 100,000 CORESTATE CAPITAL CV 1.375 17-22 22/11S	EUR | 100,750 | 103,368 | 0.40 |
| France | 474,881 | 511,507 | 2.00 |
| 100,000 ARCHER OBLIG CV	0.00 17-23 31/03U	EUR | 102,250 | 121,387 | 0.48 |
| 700 LVMH MOET HENNESSY CV 0.00 16-21 16/02U	USD | 176,030 | 205,695 | 0.80 |
| 200,000 TOTAL CV	0.50 15-22 02/12S	USD | 196,601 | 184,425 | 0.72 |
| The Netherlands | 897,523 | 883,985 | 3.46 |
| 100,000 AIRBUS GROUP CV	0.00 15-22 01/07U | EUR | 121,200 | 120,130 | 0.47 |
| 100,000 AIRBUS GROUP SE	0.00 16-21 14/06U | EUR | 111,560 | 128,240 | 0.50 |
| 250,000 SIMENS FIN NV	1.65 15-19 16/08S	USD | 271,984 | 231,483 | 0.91 |
| 400,000 STMICROELECTRONICS 0.25 17-24 03/07S	USD | 392,779 | 404,132 | 1.58 |
| Germany | 1,182,844 | 1,187,300 | 4.65 |
| 100,000 AURELIUS SE CV	1.00 15-20 01/12A	EUR | 120,675 | 127,001 | 0.50 |
| 250,000 BASF CV	0.925 17-23 09/03S	USD | 237,496 | 203,522 | 0.80 |
| 100,000 BAYER AG CV	0.05 17-20 15/06A	EUR | 107,349 | 116,520 | 0.46 |
| 200,000 DEUSTCHE WOHNEN REGS 0.325 17-24 26/07A | EUR | 200,634 | 213,016 | 0.83 |
| 200,000 DEUTSCHE POST AG CV 0.05 17-25 30/06A | EUR | 208,350 | 207,418 | 0.81 |
| 100,000 LEG IMMOBILIEN AG CV 0.875 17-25 01/09S | EUR | 100,000 | 107,801 | 0.42 |
| 200,000 RAG STIFTUNG	0.00 17-23 16/03U	EUR | 208,340 | 212,022 | 0.83 |
| Italy | 100,450 | 104,649 | 0.41 |
| 100,000 PRYSMIAN SPA CV	0.00 17-22 17/01U	EUR | 100,450 | 104,649 | 0.41 |
| United States of America |  | 6,640,026 | 6,695,678 | 26.23 |
| 400,000 BIOMARIN PHARM CV SUB 0.599 17-24 01/08S | USD | 331,069 | 320,569 | 1.26 |
| 130,000 CITRIX SYS CV	0.50 15-19 15/04S	USD | 146,461 | 154,768 | 0.61 |
| 310,000 DYCOM INDUSTRIES CV 0.75 15-21 15/09S | USD | 312,418 | 317,295 | 1.24 |
| 170,000 EXACT SCIENCES CV  1.00 18-25 15/01S | USD | 142,757 | 137,648 | 0.54 |
| 100,000 GUIDEWIRE SOFTWARE CV 1.25 18-25 15/03S | USD | 80,339 | 84,166 | 0.33 |
| 500,000 IAC INTERACTIVE CV  0.875 17-22 01/10S | USD | 444,311 | 508,685 | 1.98 |
| 240,000 ILLUMINA CV	0.50 15-21 15/06S | USD | 226,822 | 247,572 | 0.97 |
| 200,000 J2 GLOBAL CV	3.25 14-29 15/06S | USD | 210,592 | 211,955 | 0.83 |
| 320,000 LIBERTY INTERACTIVE 1.75 16-46 30/09Q | USD | 334,908 | 277,480 | 1.09 |
| 450,000 LIBERTY MEDIA CORP  1.00 17-23 30/01S | USD | 449,888 | 388,176 | 1.52 |
| 160,000 LUMENTUM HOLDINGS CV 0.25 17-24 15/03S | USD | 157,836 | 147,561 | 0.58 |
| 100,000 MEDICINES CO CV	2.50 15-22 15/01S	USD | 92,071 | 91,265 | 0.36 |
| 400,000 MICROCHIP TECH CV 1.625 17-27 15/02S | USD | 326,387 | 373,816 | 1.46 |
| 100,000 MICRON TECHNOLOGY CV 3.00 13-43 15/11S | USD | 122,276 | 131,552 | 0.52 |
| 350,000 NABOR INDUSTRIES CV	0.75 17-24 15/01S | USD | 316,288 | 228,247 | 0.89 |
| 310,000 NEUROCRINE BIOSCIENCE CV 2.25 17-24 15/05S | USD | 289,241 | 331,999 | 1.30 |
| 380,000 NUANCE COMMUNICATION 1.25 17-25 01/10S | USD | 320,100 | 310,775 | 1.22 |
| 150,000 NUVASIVE INC	2.25 16-21 15/03S | USD | 177,587 | 137,082 | 0.54 |
| 170,000 OKTA INC CV	0.250 18-23 15/02S | USD | 155,562 | 161,364 | 0.63 |
| 400,000 ON SEMICONDUCTOR 144A 1.625 17-23 15/10S | USD | 383,075 | 428,429 | 1.68 |
| 250,000 PRICELINE.COM CV	0.35 13-20 15/06S | USD | 306,184 | 346,642 | 1.36 |
| 110,000 REALPAGE 144A	1.50 17-22 15/11S	USD | 125,474 | 127,956 | 0.50 |
| 250,000 SAREPTA THERAP CV  1.50 17-24 15/11S | USD | 221,335 | 265,488 | 1.04 |
| 200,000 STARWOOD PROPERTY CV 4.00 13-19 15/01S | USD | 211,760 | 177,633 | 0.70 |
| 100,000 SYNAPTICS 144A CV  0.50 17-22 15/06S | USD | 92,571 | 77,555 | 0.30 |
| 250,000 TERADYNE INC CV	1.25 16-23 15/12S | USD | 261,748 | 255,022 | 1.00 |
| 80,000 WORKDAY 144A CV	0.25 17-22 01/10S | USD | 67,947 | 71,652 | 0.28 |
| 350,000 YAHOO CV	0.00 13-18 01/12U	USD | 333,019 | 383,326 | 1.50 |

| Quantity	Denomination	Quotation currency | Acquisition cost | Market value | % of net assets |
| --- | --- | --- | --- |
| Austria | 556,277 | 545,790 | 2.14 |
| 600,000 AMS CV	0.875 17-22 28/09S	USD | 556,277 | 545,790 | 2.14 |
| Japan | 2,037,289 | 2,083,309 | 8.16 |
| 30,000,000 KANDENKO CV	0.00 16-21 31/03U	JPY | 261,348 | 275,159 | 1.08 |

| 20,000,000 MITSUBISHI CHEM CV  0.00 17-24 29/03U | JPY | 168,988 | 164,700 | 0.65 |
| --- | --- | --- | --- | --- |
| 10,000,000 MITSUMI ELEC REGS CV 0.00 15-22 03/08U | JPY | 88,159 | 94,896 | 0.37 |
| 30,000,000 NAGOYA RAILROAD CV  0.00 14-24 11/12U | JPY | 257,696 | 250,389 | 0.98 |
| 30,000,000 SAPPORO HOLDINGS CV 0.0 18-21 27/04U | JPY | 233,805 | 235,743 | 0.92 |
| 10,000,000 SHIMIZU CORP	0.00 15-20 16/10A | JPY | 87,103 | 81,739 | 0.32 |
| 40,000,000 SONY CORP CV	0.00 15-22 30/09U | JPY | 348,402 | 390,296 | 1.52 |
| 10,000,000 TERUMO CORP CV	0.00 14-21 06/12U	JPY | 102,592 | 122,138 | 0.48 |
| 10,000,000 TOPPAN PRINTING CO CV 0.00 13-19 19/12U | JPY | 88,726 | 78,452 | 0.31 |
| 30,000,000 TORAY INDUSTRIES CV 0.00 14-21 31/08U | JPY | 305,629 | 291,308 | 1.14 |
| 10,000,000 UNICHARM CORP CV	0.00 15-20 25/09U | JPY | 94,841 | 98,489 | 0.39 |
| Jersey Island |  | 233,892 | 176,109 | 0.69 |
| 250,000 ENSCO JERSEY FIN CV 3.00 16-24 31/01S | USD | 233,892 | 176,109 | 0.69 |
| Hong Kong |  | 192,031 | 160,144 | 0.63 |
| 200,000 BAGAN CAPITAL LTD CV	16-21 23/09U	USD | 192,031 | 160,144 | 0.63 |
| Cayman Islands | 2,930,065 | 2,864,192 | 11.22 |
| 2,000,000 ASM PACIFIC TECHNO CV 2.00 14-19 28/03S	HKD | 267,795 | 250,820 | 0.98 |
| 200,000 AYC FINANCE CV	0.50 14-19 02/05S	USD | 194,293 | 173,044 | 0.68 |
| 200,000 CHINA OVERSEAS FIN CV	16-23 05/01U	USD | 192,749 | 174,279 | 0.68 |
| 2,000,000 CIFI HOLDINGS	0.00 18-19 12/02U	HKD | 206,791 | 208,050 | 0.81 |
| 660,000 CTRIP COM INTL CV  1.25 17-22 15/09S | USD | 607,902 | 552,358 | 2.17 |
| 400,000 ENDEAVOUR CV	3.00 18-23 15/02S | USD | 338,577 | 334,190 | 1.31 |
| 4,000,000 HARVEST INTL CV	0.00 17-22 21/11U | HKD | 441,185 | 450,155 | 1.76 |
| 510,000 WEIBO CORP CV  1.25  17-22 15/11S | USD | 464,422 | 481,427 | 1.89 |
| 2,000,000 ZHONGSHENG GROUP	0.00 17-18 25/10U | HKD | 216,351 | 239,869 | 0.94 |
| Bermuda | 885,344 | 861,504 | 3.37 |
| 400,000 JAZZ INVESTMENT CV | 1.500 17-24 15/08S | USD | 332,284 | 326,907 | 1.28 |
| 300,000 JAZZ INVESTMENT CV | 1.875 14-21 15/08S | USD | 274,136 | 260,214 | 1.02 |
| 2,000,000 KUNLUN ENERGY CV | 1.625 16-19 25/07 | CNH | 278,924 | 274,383 | 1.07 |
| South Korea | 152,050 | 155,706 | 0.61 |
| 200,000,000 LOTTE SHOP CO LTD RCV 0.00 18-23 04/04U	KRW | 152,050 | 155,706 | 0.61 |
| China | 526,553 | 432,791 | 1.69 |
| 250,000 CHINA RAILWAY CONST CV 0.00 16-21 29/01U | USD | 278,755 | 221,922 | 0.86 |
| 250,000 CRRC CORP LTD CV	0.00 16-21 05/02U | USD | 247,798 | 210,869 | 0.83 |
| South Africa | 163,254 | 137,290 | 0.54 |
| 200,000 SIBANYE GOLD LTD CV 1.875 17-23 26/09S	USD | 163,254 | 137,290 | 0.54 |
| British Virgin Islands | 1,084,996 | 1,195,347 | 4.68 |
| 400,000 CN YANGTZE PWR INTL  0 16-21 09/11U | USD | 378,953 | 393,455 | 1.54 |
| 600,000 SHANGHAI PORT GRP BVI 0.00 17-22 09/08U | USD | 506,043 | 547,538 | 2.14 |
| 200,000 3SBIO	0.00 17-22 21/07U	EUR | 200,000 | 254,354 | 1.00 |
| United Arab Emirates | 175,479 | 174,613 | 0.68 |
| 200,000 DP WORLD CV	1.75 14-24 19/06S	USD | 175,479 | 174,613 | 0.68 |

| nsferable securities | 4,543,783 | 4,625,622 | 18.11 |
| --- | --- | --- | --- |
| Bonds | 475,702 | 476,704 | 1.87 |

| United States of America | 151,935 | 154,180 | 0.60 |
| --- | --- | --- | --- |
| 180,000 ZENDESK INC	0.25 18-23 15/03S	USD | 151,935 | 154,180 | 0.60 |
| Japan | 323,767 | 322,524 | 1.27 |
| ,000,000 HIS CO	0.00 17-24 15/11U	JPY | 323,767 | 322,524 | 1.27 |
| Convertible bonds | 4,068,081 | 4,148,918 | 16.24 |
| Luxembourg |  |  | 241,747 | 205,289 | 0.80 |
| 200,000 APERAM REGS CV | 0.625 14-21 08/07S | USD | 241,747 | 205,289 | 0.80 |
| France | 234,041 | 241,163 | 0.94 |
| 4,270 ELIS SA CONV	0.00 17-23 06/10U	EUR | 136,361 | 139,488 | 0.54 |
| 3,300 GENFIT CV	3.50 17-22 16/10S	EUR | 97,680 | 101,675 | 0.40 |
| The Netherlands | 438,960 | 435,240 | 1.70 |
| 100,000 ACS ACTIVIDADES CV | 1.625 14-19 27/03Q | EUR | 108,630 | 111,846 | 0.44 |
| 200,000 BE SEMICONDUCTOR | 2.50 16-23 02/12S | EUR | 330,330 | 323,394 | 1.26 |
| Spain |  |  | 427,000 | 438,618 | 1.72 |
| 100,000 CELLINEX TELECOM SA 1.5 18-26 16/01A | EUR | 100,000 | 105,696 | 0.41 |
| 300,000 ENCE ENERGIA RCV	1.25 18-23 05/03S | EUR | 327,000 | 332,922 | 1.31 |

Other tra
40
Quantity	Denomination	Quotation
currency
Acquisition cost
Market value
% of net assets
| United States of America | 1,466,840 | 1,538,791 | 6.03 |
| --- | --- | --- | --- |
| 400,000 GLENCORE FDING | 0.00 18-25 20/03U | USD | 303,956 | 323,489 | 1.27 |
| 260,000 NUTANIX INC | 0.00 18-23 15/01U | USD | 230,236 | 267,188 | 1.05 |
| 200,000 PATRICK INDUSTRIES  1.00 18-23 01/02S | USD | 166,433 | 158,707 | 0.62 |
| 200,000 QUOTIENT TECNOLOGY 1.75 17-22 01/12S | USD | 171,564 | 172,995 | 0.68 |
| 300,000 SUPERNUS PHARMA	0.625 18-23 01/04S | USD | 251,045 | 270,894 | 1.06 |
| 400,000 WESTERN DIG CV CORP 1.5 18-24 01/02S | USD | 343,606 | 345,518 | 1.35 |
| Japan |  | 254,432 | 255,487 | 1.00 |
| 20,000,000 NIPRO CORP CV	0.00 16-21 29/01U | JPY | 174,383 | 177,233 | 0.69 |
| 10,000,000 SUMITOMO METAL CO  0.00 18-23 15/03U | JPY | 80,049 | 78,254 | 0.31 |
| Cayman Islands |  | 596,648 | 607,476 | 2.38 |
| 2,000,000 CHINA EVERGRANDE CV 4.25 18/23 14/02S | HKD | 198,387 | 200,554 | 0.79 |
| 460,000 CHINA LODGING GRP LTD 0.375 17-22 01/11S | USD | 398,261 | 406,922 | 1.59 |
| Malaysia |  | 408,413 | 426,854 | 1.67 |
| 500,000 CINDAI CAPITAL LTD 0.00 18-23 08/02U | USD | 408,413 | 426,854 | 1.67 |
| Total Investments |  | 24,927,554 | 24,922,521 | 97.60 |
| Cash Net |  |  | (60,295) | (0.24) |
| Other Assets/(Liabilities) |  |  | 672,580 | 2.63 |
| Total Net Assets |  |  | 25,534,805 | 100.00 |

|  | Geographic allocation of portfolio |  |
| --- | --- | --- |
|  | % of portfolio |
| United States of America |  | 39.19 |
| Cayman Islands |  | 13.93 |
| Japan |  | 10.68 |
| British Virgin Islands |  | 5.62 |
| The Netherlands |  | 5.29 |
| Germany |  | 4.76 |
| France |  | 3.76 |
| Bermuda |  | 3.46 |
| Luxembourg |  | 2.27 |
| Austria |  | 2.19 |
| Spain |  | 1.76 |
| China |  | 1.74 |
| Malaysia |  | 1.71 |
| Jersey Island |  | 0.71 |
| United Arab Emirates |  | 0.70 |
| Hong Kong |  | 0.64 |
| South Korea |  | 0.62 |
| South Africa |  | 0.55 |
| Italy |  | 0.42 |
|  |  | 100.00 |

Statement of Operations and Changes in Net Assets from 1 November 2017 to 30 April 2018
Expressed in EUR
| Income |  | 153,444 |
| --- | --- | --- |
| Dividends income, Net |  | 259 |
| Interest on bonds |  | 152,517 |
| Bank interest |  | 668 |
| Expenses |  | 273,022 |
| Investment management fees | Note 3 | 198,737 |
| Depositary fees | Note 5 | 1,269 |
| Taxe d'abonnement | Note 7a | 4,466 |
| Domiciliary, administrative and transfer agency fees | Note 5 | 8,880 |
| Professional fees |  | 3,800 |
| Bank charges |  | 5,395 |
| Transaction costs | Note 2g | 47,347 |
| Sundry expenses |  | 3,128 |
| Net loss from investments |  | (119,578) |
| Net Realised gain / (loss) on: - Sales of investments | Note 2d | 2,873,811 |
| - options contracts |  | (375,200) |
| - Forward currency exchange contracts |  | 1,627,932 |
| - Financial futures contracts |  | 1,816 |
| - Foreign exchange | Note 2c | (4,892,930) |
| Net realised loss |  | (884,149) |
| Movement in net unrealised appreciation / (depreciation) on: - Investments |  | (227,113) |
| - Options contracts |  | 313,519 |
| - Forward currency exchange contracts |  | 430,706 |
| Decrease in net assets as a result of operations |  | (367,037) |
| Subscription capitalisation shares |  | 3,728,447 |
| Redemption capitalisation shares |  | (59,138,439) |
| Decrease in net assets |  | (55,777,029) |
| Net assets at the beginning of the period |  | 81,311,834 |
| Net assets at the end of the period |  | 25,534,805 |

The accompanying notes form an integral part of these financial statements
SICAV ODDO BHF (formerly Oddo
Compass)

Translation (ENDE, 2018-04-30):
# - Convertible Global
### Nettovermögensaufstellung zum 30.04.2018
Bilanz zum 30.04.2018
Ausgedrückt in EUR
| Aktiva |  | 27.199.439 |
| --- | --- | --- |
| Wertpapierbestand zum Marktwert | Erläut. 2b | 24.922.521 |
| Kosten für	Anschaffung |  | 24.927.555 |
| Gekaufte Optionen zum Marktwert | Erläut. 2e | 93.903 |
| Zu den Anschaffungskosten gekaufte Optionen |  | 123.840 |
| Bankguthaben |  | 178.536 |
| Einschusszahlungen |  | 473.169 |
| Zinsguthaben |  | 55.147 |
| Forderungen aus dem Verkauf von Anlagen |  | 719.072 |
| Forderungen aus Zeichnungen |  | 24.302 |
| Forderungen aus Devisentermingeschäften |  | 732.789 |
| Passiva |  | 1.664.634 |
| Leerverkauf von Optionen zu Marktpreise | Erläut. 2e | 115.108 |
| Leerverkauf von Optionen zu Einstandspreise |  | 168.677 |
| Bankkredite |  | 238.831 |
| Verbindlichkeiten aus dem Kauf von Anlagen |  | 101.703 |
| Verbindlichkeiten aus Rücknahmen |  | 37.690 |
| Nicht realisierter Verlust aus Devisentermingeschäften | Erläut. 2e | 407.629 |
| Verbindlichkeiten aus Verwaltungs- und Administrationsgebühren |  | 25.354 |
| Verbindlichkeiten aus Devisentermingeschäften |  | 734.159 |
| Sonstige Verbindlichkeiten |  | 4.160 |
| Nettovermögen |  | 25.534.805 |

Veränderungen im Anteilumlauf vom 01.11.2017 bis zum 30.04.2018
Anteile im Umlauf am
01.11.2017
Ausgegebene Anteile
Zurückgekaufte Anteile
Anteile im Umlauf am
30.04.2018
| I Anteile EUR Thesaurierende Anteile | 59.442,08 | 1.912,00 | 52.904,54 | 8.449,54 |
| --- | --- | --- | --- | --- |
| GC Anteile EUR Thesaurierende Anteile | 4.056,71 | 7.512,54 | 3.463,86 | 8.105,39 |
| R Anteile EUR Thesaurierende Anteile | 167.095,11 | 8.430,77 | 25.476,90 | 150.048,98 |
| R Anteile USD [H] Thesaurierende Anteile | 2.953,88 | 275,00 | 1.519,74 | 1.709,14 |

Statistische Angaben
|  | Ende der Periode am: | 30.04.2018 | 31.10.2017 | 31.10.2016 |
| --- | --- | --- | --- | --- |
| Gesamtvermögen | EUR | 25.534.805 | 81.311.834 | - |

I Anteile EUR
Thesaurierende Anteile
EUR	EUR	EUR
| Anzahl Anteile | 8.449,54 | 59.442,08 | - |
| --- | --- | --- | --- |
| Nettoinventarwert je Anteil | 1.052,69 | 1.060,06 | - |

GC Anteile EUR
Thesaurierende Anteile
EUR	EUR	EUR
| Anzahl Anteile | 8.105,39 | 4.056,71 | - |
| --- | --- | --- | --- |
| Nettoinventarwert je Anteil | 105,27 | 106,01 | - |

R Anteile EUR
Thesaurierende Anteile
EUR	EUR	EUR
| Anzahl Anteile | 150.048,98 | 167.095,11 | - |
| --- | --- | --- | --- |
| Nettoinventarwert je Anteil | 104,20 | 105,32 | - |

R Anteile USD [H]
Thesaurierende Anteile
USD	USD	USD
| Anzahl Anteile | 1.709,14 | 2.953,88 | - |
| --- | --- | --- | --- |
| Nettoinventarwert je Anteil | 107,00 | 106,92 | - |

Menge/
| An einer amtlichen Wertpapierbörse notierte und/oder an einem sonstigen geregelten Markt gehandelte übertragbare Wertpapiere | 20.383.771 | 20.296.899 | 79,49 |
| --- | --- | --- | --- |
| Renten |  | 1.803.572 | 1.766.973 | 6,92 |
|  | Frankreich | 187.538 | 183.645 | 0,72 |

Nennwert	Bezeichnung	Währung
Kosten für Anschaffung
Marktwert		% des Nettoverm.
| 200.000 VINCI SA CONV	0.375 17-22 16/02S | USD | 187.538 | 183.645 | 0,72 |
| --- | --- | --- | --- | --- |
| Vereinigte Staaten von Amerika |  | 1.425.770 | 1.378.499 | 5,40 |
| 400.000 DISH DBS CORP	5.875 15-24 15/11S | USD | 341.468 | 283.433 | 1,11 |
| 100.000 HUBSPOT INC	0.25 17-22 01/06S | USD | 93.272 | 105.482 | 0,41 |
| 100.000 II VI INC	0.25 17-22 01/09S | USD | 95.462 | 89.789 | 0,35 |
| 500.000 LAM RESEARCH	2.75 15-20 15/03S | USD | 478.863 | 412.328 | 1,61 |
| 440.000 SERVICENOW INC CV 0.00 17-22 01/06U | USD | 416.705 | 487.467 | 1,92 |
| Britisch Virgin Islands |  | 190.264 | 204.829 | 0,80 |
| 200.000 CP FOODS HLDGS LTD 0.50 16-21 22/09S | USD | 190.264 | 204.829 | 0,80 |
| Wandelanleihen |  | 18.580.199 | 18.529.926 | 72,57 |
| Luxemburg |  | 347.245 | 360.012 | 1,41 |
| 200.000 AROUNDTOWN PROPERT 1.50 15-21 18/01Q | EUR | 246.495 | 256.644 | 1,01 |
| 100.000 CORESTATE CAPITAL CV 1.375 17-22 22/11S | EUR | 100.750 | 103.368 | 0,40 |
| Frankreich |  | 474.881 | 511.507 | 2,00 |
| 100.000 ARCHER OBLIG CV	0.00 17-23 31/03U | EUR | 102.250 | 121.387 | 0,48 |
| 700 LVMH MOET HENNESSY CV 0.00 16-21 16/02U | USD | 176.030 | 205.695 | 0,80 |
| 200.000 TOTAL CV	0.50 15-22 02/12S | USD | 196.601 | 184.425 | 0,72 |
| Niederlande |  | 897.523 | 883.985 | 3,46 |
| 100.000 AIRBUS GROUP CV	0.00 15-22 01/07U | EUR | 121.200 | 120.130 | 0,47 |
| 100.000 AIRBUS GROUP SE	0.00 16-21 14/06U | EUR | 111.560 | 128.240 | 0,50 |
| 250.000 SIMENS FIN NV	1.65 15-19 16/08S | USD | 271.984 | 231.483 | 0,91 |
| 400.000 STMICROELECTRONICS 0.25 17-24 03/07S | USD | 392.779 | 404.132 | 1,58 |
| Deutschland |  | 1.182.844 | 1.187.300 | 4,65 |
| 100.000 AURELIUS SE CV	1.00 15-20 01/12A | EUR | 120.675 | 127.001 | 0,50 |
| 250.000 BASF CV	0.925 17-23 09/03S | USD | 237.496 | 203.522 | 0,80 |
| 100.000 BAYER AG CV	0.05 17-20 15/06A | EUR | 107.349 | 116.520 | 0,46 |
| 200.000 DEUSTCHE WOHNEN REGS 0.325 17-24 26/07A | EUR | 200.634 | 213.016 | 0,83 |
| 200.000 DEUTSCHE POST AG CV 0.05 17-25 30/06A | EUR | 208.350 | 207.418 | 0,81 |
| 100.000 LEG IMMOBILIEN AG CV 0.875 17-25 01/09S | EUR | 100.000 | 107.801 | 0,42 |
| 200.000 RAG STIFTUNG	0.00 17-23 16/03U | EUR | 208.340 | 212.022 | 0,83 |
| Italien |  | 100.450 | 104.649 | 0,41 |
| 100.000 PRYSMIAN SPA CV	0.00 17-22 17/01U | EUR | 100.450 | 104.649 | 0,41 |
| Vereinigte Staaten von Amerika |  | 6.640.026 | 6.695.678 | 26,23 |
| 400.000 BIOMARIN PHARM CV SUB 0.599 17-24 01/08S | USD | 331.069 | 320.569 | 1,26 |
| 130.000 CITRIX SYS CV	0.50 15-19 15/04S | USD | 146.461 | 154.768 | 0,61 |
| 310.000 DYCOM INDUSTRIES CV 0.75 15-21 15/09S | USD | 312.418 | 317.295 | 1,24 |
| 170.000 EXACT SCIENCES CV  1.00 18-25 15/01S | USD | 142.757 | 137.648 | 0,54 |
| 100.000 GUIDEWIRE SOFTWARE CV 1.25 18-25 15/03S | USD | 80.339 | 84.166 | 0,33 |
| 500.000 IAC INTERACTIVE CV 0.875 17-22 01/10S | USD | 444.311 | 508.685 | 1,98 |
| 240.000 ILLUMINA CV	0.50 15-21 15/06S | USD | 226.822 | 247.572 | 0,97 |
| 200.000 J2 GLOBAL CV	3.25 14-29 15/06S | USD | 210.592 | 211.955 | 0,83 |
| 320.000 LIBERTY INTERACTIVE 1.75 16-46 30/09Q | USD | 334.908 | 277.480 | 1,09 |
| 450.000 LIBERTY MEDIA CORP 1.00 17-23 30/01S | USD | 449.888 | 388.176 | 1,52 |
| 160.000 LUMENTUM HOLDINGS CV 0.25 17-24 15/03S | USD | 157.836 | 147.561 | 0,58 |
| 100.000 MEDICINES CO CV	2.50 15-22 15/01S | USD | 92.071 | 91.265 | 0,36 |
| 400.000 MICROCHIP TECH CV 1.625 17-27 15/02S | USD | 326.387 | 373.816 | 1,46 |
| 100.000 MICRON TECHNOLOGY CV 3.00 13-43 15/11S | USD | 122.276 | 131.552 | 0,52 |
| 350.000 NABOR INDUSTRIES CV	0.75 17-24 15/01S | USD | 316.288 | 228.247 | 0,89 |
| 310.000 NEUROCRINE BIOSCIENCE CV 2.25 17-24 15/05S | USD | 289.241 | 331.999 | 1,30 |
| 380.000 NUANCE COMMUNICATION 1.25 17-25 01/10S | USD | 320.100 | 310.775 | 1,22 |
| 150.000 NUVASIVE INC	2.25 16-21 15/03S | USD | 177.587 | 137.082 | 0,54 |
| 170.000 OKTA INC CV	0.250 18-23 15/02S | USD | 155.562 | 161.364 | 0,63 |
| 400.000 ON SEMICONDUCTOR 144A 1.625 17-23 15/10S | USD | 383.075 | 428.429 | 1,68 |
| 250.000 PRICELINE.COM CV	0.35 13-20 15/06S | USD | 306.184 | 346.642 | 1,36 |
| 110.000 REALPAGE 144A	1.50 17-22 15/11S | USD | 125.474 | 127.956 | 0,50 |
| 250.000 SAREPTA THERAP CV  1.50 17-24 15/11S | USD | 221.335 | 265.488 | 1,04 |
| 200.000 STARWOOD PROPERTY CV 4.00 13-19 15/01S | USD | 211.760 | 177.633 | 0,70 |
| 100.000 SYNAPTICS 144A CV  0.50 17-22 15/06S | USD | 92.571 | 77.555 | 0,30 |
| 250.000 TERADYNE INC CV	1.25 16-23 15/12S | USD | 261.748 | 255.022 | 1,00 |
| 80.000 WORKDAY 144A CV	0.25 17-22 01/10S | USD | 67.947 | 71.652 | 0,28 |
| 350.000 YAHOO CV	0.00 13-18 01/12U | USD | 333.019 | 383.326 | 1,50 |

| Men e/ Nennwert	Bezeichnung	Währung | Kosten für Anschaffung | Marktwert	% des Nettoverm. |
| --- | --- | --- |
| Österreich |  | 556.277 | 545.790	2,14 |
| 600.000 AMS CV	0.875 17-22 28/09S | USD | 556.277 | 545.790 | 2,14 |
| Japan |  | 2.037.289 | 2.083.309 | 8,16 |
| 30.000.000 KANDENKO CV	0.00 16-21 31/03U | JPY | 261.348 | 275.159 | 1,08 |
| 20.000.000 MITSUBISHI CHEM CV 0.00 17-24 29/03U | JPY | 168.988 | 164.700 | 0,65 |
| 10.000.000 MITSUMI ELEC REGS CV 0.00 15-22 03/08U | JPY | 88.159 | 94.896 | 0,37 |
| 30.000.000 NAGOYA RAILROAD CV 0.00 14-24 11/12U | JPY | 257.696 | 250.389 | 0,98 |
| 30.000.000 SAPPORO HOLDINGS CV 0.0 18-21 27/04U | JPY | 233.805 | 235.743 | 0,92 |
| 10.000.000 SHIMIZU CORP	0.00 15-20 16/10A | JPY | 87.103 | 81.739 | 0,32 |
| 40.000.000 SONY CORP CV	0.00 15-22 30/09U | JPY | 348.402 | 390.296 | 1,52 |
| 10.000.000 TERUMO CORP CV	0.00 14-21 06/12U	JPY | 102.592 | 122.138	0,48 |
| 10.000.000 TOPPAN PRINTING CO CV 0.00 13-19 19/12U | JPY | 88.726 | 78.452 | 0,31 |
| 30.000.000 TORAY INDUSTRIES CV 0.00 14-21 31/08U | JPY | 305.629 | 291.308 | 1,14 |
| 10.000.000 UNICHARM CORP CV	0.00 15-20 25/09U | JPY | 94.841 | 98.489 | 0,39 |
| Jersey Inseln |  | 233.892 | 176.109 | 0,69 |
| 250.000 ENSCO JERSEY FIN CV 3.00 16-24 31/01S | USD | 233.892 | 176.109 | 0,69 |
| HongKong |  | 192.031 | 160.144 | 0,63 |
| 200.000 BAGAN CAPITAL LTD CV	16-21 23/09U | USD | 192.031 | 160.144 | 0,63 |
| Kaimaninseln |  | 2.930.065 | 2.864.192 | 11,22 |
| 2.000.000 ASM PACIFIC TECHNO CV 2.00 14-19 28/03S	HKD | 267.795 | 250.820	0,98 |
| 200.000 AYC FINANCE CV	0.50 14-19 02/05S	USD | 194.293 | 173.044	0,68 |
| 200.000 CHINA OVERSEAS FIN CV	16-23 05/01U	USD | 192.749 | 174.279	0,68 |
| 2.000.000 CIFI HOLDINGS	0.00 18-19 12/02U	HKD | 206.791 | 208.050	0,81 |
| 660.000 CTRIP COM INTL CV  1.25 17-22 15/09S | USD | 607.902 | 552.358 | 2,17 |
| 400.000 ENDEAVOUR CV	3.00 18-23 15/02S | USD | 338.577 | 334.190 | 1,31 |
| 4.000.000 HARVEST INTL CV	0.00 17-22 21/11U | HKD | 441.185 | 450.155 | 1,76 |
| 510.000 WEIBO CORP CV  1.25  17-22 15/11S | USD | 464.422 | 481.427 | 1,89 |
| 2.000.000 ZHONGSHENG GROUP	0.00 17-18 25/10U | HKD | 216.351 | 239.869 | 0,94 |
| Bermuda |  | 885.344 | 861.504 | 3,37 |
| 400.000 JAZZ INVESTMENT CV 1.500 17-24 15/08S | USD | 332.284 | 326.907 | 1,28 |
| 300.000 JAZZ INVESTMENT CV 1.875 14-21 15/08S | USD | 274.136 | 260.214 | 1,02 |
| 2.000.000 KUNLUN ENERGY CV	1.625 16-19 25/07 | CNH | 278.924 | 274.383 | 1,07 |
| Südkorea |  | 152.050 | 155.706 | 0,61 |

200.000.000 LOTTE SHOP CO LTD RCV 0.00 18-23 04/04U
China
KRW
526.553
155.706152.050 0,61
432.791	1,69
| 250.000 CHINA RAILWAY CONST CV 0.00 16-21 29/01U | USD | 278.755 | 221.922 | 0,86 |
| --- | --- | --- | --- | --- |
| 250.000 CRRC CORP LTD CV	0.00 16-21 05/02U | USD | 247.798 | 210.869 | 0,83 |
| Südafrika 200.000 SIBANYE GOLD LTD CV 1.875 17-23 26/09S | USD | 163.254 163.254 | 137.290 137.290 | 0,54 0,54 |
| Britisch Virgin Islands |  | 1.084.996 | 1.195.347 | 4,68 |
| 400.000 CN YANGTZE PWR INTL  0 16-21 09/11U | USD | 378.953 | 393.455 | 1,54 |
| 600.000 SHANGHAI PORT GRP BVI 0.00 17-22 09/08U | USD | 506.043 | 547.538 | 2,14 |
| 200.000 3SBIO	0.00 17-22 21/07U | EUR | 200.000 | 254.354 | 1,00 |
| Vereinigte Emirate |  | 175.479 | 174.613 | 0,68 |
| 200.000 DP WORLD CV	1.75 14-24 19/06S | USD | 175.479 | 174.613 | 0,68 |
| Sonstige übertragbare Wertpapiere |  | 4.543.783 | 4.625.622 | 18,11 |
| Renten |  |  |  | 475.702 | 476.704 | 1,87 |
| Vereinigte Staaten von Amerika |  | 151.935 | 154.180 | 0,60 |
| 180.000 ZENDESK INC	0 | .25 18-23 15/03S | USD | 151.935 | 154.180 | 0,60 |
| Japan |  |  |  | 323.767 | 322.524 | 1,27 |
| 40.000.000 HIS CO	0.00 | 17-24 15/11U | JPY | 323.767 | 322.524 | 1,27 |
| Wandelanleihen |  |  |  | 4.068.081 | 4.148.918 | 16,24 |
| Luxemburg |  |  | 241.747 | 205.289 | 0,80 |
| 200.000 APERAM REGS CV | 0.625 14-21 08/07S | USD | 241.747 | 205.289 | 0,80 |
| Frankreich |  |  | 234.041 | 241.163 | 0,94 |
| 4.270 ELIS SA CONV	0.00 17-23 06/10U	EUR	136.361	139.488	0,54 |
| 3.300 GENFIT CV | 3.50 17-22 16/10S | EUR | 97.680 | 101.675 | 0,40 |
| Niederla | nde |  |  | 438.960 | 435.240 | 1,70 |
| 100.000 ACS ACTIVIDA | DES CV 1.625 14-19 27/03Q | EUR | 108.630 | 111.846 | 0,44 |
| 200.000 BE SEMICOND | UCTOR	2.50 16-23 02/12S | EUR | 330.330 | 323.394 | 1,26 |
| Spanien |  |  |  | 427.000 | 438.618 | 1,72 |
| 100.000 CELLINEX TELECOM SA 1.5 18-26 16/01A | EUR | 100.000 | 105.696 | 0,41 |
| 300.000 ENCE ENERGIA RCV	1.25 18-23 05/03S | EUR | 327.000 | 332.922 | 1,31 |

Menge/
| Vereinigte Staaten von Amerika |  | 1.466.840 | 1.538.791 | 6,03 |
| --- | --- | --- | --- | --- |
| 400.000 GLENCORE FDING	0.00 18-25 20/03U | USD | 303.956 | 323.489 | 1,27 |
| 260.000 NUTANIX INC	0.00 18-23 15/01U | USD | 230.236 | 267.188 | 1,05 |
| 200.000 PATRICK INDUSTRIES 1.00 18-23 01/02S | USD | 166.433 | 158.707 | 0,62 |
| 200.000 QUOTIENT TECNOLOGY 1.75 17-22 01/12S | USD | 171.564 | 172.995 | 0,68 |
| 300.000 SUPERNUS PHARMA	0.625 18-23 01/04S | USD | 251.045 | 270.894 | 1,06 |
| 400.000 WESTERN DIG CV CORP 1.5 18-24 01/02S | USD | 343.606 | 345.518 | 1,35 |
| Japan |  | 254.432 | 255.487 | 1,00 |
| 20.000.000 NIPRO CORP CV	0.00 16-21 29/01U | JPY | 174.383 | 177.233 | 0,69 |
| 10.000.000 SUMITOMO METAL CO  0.00 18-23 15/03U | JPY | 80.049 | 78.254 | 0,31 |
| Kaimaninseln |  | 596.648 | 607.476 | 2,38 |
| 2.000.000 CHINA EVERGRANDE CV 4.25 18/23 14/02S | HKD | 198.387 | 200.554 | 0,79 |
| 460.000 CHINA LODGING GRP LTD 0.375 17-22 01/11S | USD | 398.261 | 406.922 | 1,59 |
| Malaysia |  | 408.413 | 426.854 | 1,67 |
| 500.000 CINDAI CAPITAL LTD 0.00 18-23 08/02U | USD | 408.413 | 426.854 | 1,67 |
| Summe Anlagen |  | 24.927.554 | 24.922.521 | 97,60 |
| Barmittel |  |  | -60.295 | -0,24 |
| Sonstige Vermögenswerte/-Verbindlichkeiten |  |  | 672.580 | 2,63 |
| Summe Nettovermögen |  |  | 25.534.805 | 100,00 |

Nennwert	Bezeichnung	Währung
Kosten für Anschaffung
Marktwert		% des Nettoverm.

### Geografische Allokation des Portfolios
| Vereinigte Staaten von Amerika | % des Nettovermögens 39,19 |
| --- | --- |
| Kaimaninseln | 13,93 |
| Japan | 10,68 |
| Britisch Virgin Islands | 5,62 |
| Niederlande | 5,29 |
| Deutschland | 4,76 |
| Frankreich | 3,76 |
| Bermuda | 3,46 |
| Luxemburg | 2,27 |
| Österreich | 2,19 |
| Spanien | 1,76 |
| China | 1,74 |
| Malaysia | 1,71 |
| Jersey Inseln | 0,71 |
| Vereinigte Emirate | 0,70 |
| HongKong | 0,64 |
| Südkorea | 0,62 |
| Südafrika | 0,55 |
| Italien | 0,42 |


###### 	100,00
Ertrags- und Aufwandsrechnung und Veränderung des Nettovermögens vom 01.11.2017 bis 30.04.2018
Ausgedrückt in EUR
| Erträge |  | 153.444 |
| --- | --- | --- |
| Dividendenertrag (netto) |  | 259 |
| Nettozinsen auf Renten |  | 152.517 |
| Bankzinsen bei Sicht |  | 668 |
| Ausgaben |  | 273.022 |
| Verwaltungs- und Beratergebühren | Erläut. 3 | 198.737 |
| Verwahrstellengebühr | Erläut. 5 | 1.269 |
| Taxe d'abonnement | Erläut. 7a | 4.466 |
| Domizilstellen-, Verwaltungsstellen- und Transferstellengebühren | Erläut. 5 | 8.880 |
| Honorare |  | 3.800 |
| Bankgebühren |  | 5.395 |
| Transaktionskosten | Erläut. 2g | 47.347 |
| Sonstige Aufwendungen |  | 3.128 |
| Verluste aus Anlagen |  | -119.578 |
| Realisierter Nettogewinn / -verlust aus: - Verkauf von Anlagen | Erläut. 2d | 2.873.811 |
| - Optionen |  | -375.200 |
| - Devisentermingeschäften |  | 1.627.932 |
| - Finanztermingeschäften |  | 1.816 |
| - Devisengeschäften | Erläut. 2c | -4.892.930 |
| Realisierter Nettoverlust |  | -884.149 |
| Veränderung des nicht realisierten Nettogewinns / -verlustes aus: - Anlagen |  | -227.113 |
| - Optionsgeschäften |  | 313.519 |
| - Devisentermingeschäften |  | 430.706 |
| Nettovermögensabnahme durch Geschäftstätigkeit |  | -367.037 |
| Zeichnungen kummulativer Anteile |  | 3.728.447 |
| Rücknahmen kummulativer Anteile |  | -59.138.439 |
| Verminderung des Nettovermögens |  | -55.777.029 |
| Nettovermögen zu Beginn der Periode |  | 81.311.834 |
| Nettovermögen am Ende der Periode |  | 25.534.805 |

Die beiliegenden Erläuterungen sind integraler Bestandteil dieses Berichtes
SICAV ODDO BHF (früher Oddo
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