# Derivative instruments
At the end of period open foreign exchange forwards
| Class |  | amount |  | equivalent value | maturity | counterparty | market value in EUR | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| CHF R H | Buy | CHF 8,235,000 | against | EUR 7,904,361 | 18/03/2022 | VP Bank AG | 45,323 | 0.13 |
| CHF I H | Buy | CHF 5,695,000 | against | EUR 5,466,343 | 18/03/2022 | VP Bank AG | 31,344 | 0.09 |
| CHF R H | Buy | CHF 205,000 | against | EUR 197,661 | 18/03/2022 | VP Bank AG | 237 | 0.00 |
| CHF I H | Buy | CHF 160,000 | against | EUR 154,054 | 18/03/2022 | VP Bank AG | 403 | 0.00 |

Volume of open contracts in derivative financial instruments
| Foreign exchange forward short | EUR | 77,307 |
| --- | --- | --- |

| Total bound cash / underlyings out of derivatives in EUR: | 77,307 |
| --- | --- |

During the period executed hedging derivatives
| Derivative | counterparty | maturity | Balance | Purchases | Sales |
| --- | --- | --- | --- | --- | --- |
| S&P500 E-Mini Future Mar/21 | DUMMY | 19/03/2021 | 0 | 7 | 7 |
| STX Europe 600 Future Mar/21 | EUREX | 19/03/2021 | 0 | 56 | 56 |
| S&P500 E-Mini Future Jun/21 | DUMMY | 18/06/2021 | 0 | 13 | 13 |
| STOXX EURO ESG-X Futures Jun/21 | EUREX | 18/06/2021 | 0 | 205 | 205 |
| S&P500 E-Mini Future Dec/21 | DUMMY | 17/12/2021 | 0 | 7 | 7 |
| Dow Jones E-Mini Future Dec/21 | DUMMY | 17/12/2021 | 0 | 18 | 18 |
| EUSTX50 Future Dec/21 | EUREX | 17/12/2021 | 0 | 175 | 175 |

During the period executed foreign exchange forwards
| Foreign exchange forward | Forward date |
| --- | --- |
| Buy CHF 40,000 against EUR 37,137 | 18/03/2021 |
| Buy CHF 100,000 against EUR 92,678 | 18/03/2021 |
| Buy CHF 40,000 against EUR 37,137 | 18/03/2021 |
| Buy EUR 139,331 against CHF 150,000 | 18/03/2021 |
| Buy EUR 169,042 against CHF 185,000 | 18/03/2021 |
| Buy EUR 87,525 against CHF 95,000 | 18/03/2021 |
| Buy EUR 157,914 against CHF 175,000 | 18/03/2021 |
| Buy CHF 40,000 against EUR 37,123 | 18/03/2021 |
| Buy CHF 80,000 against EUR 73,944 | 18/03/2021 |
| Buy EUR 6,892,481 against CHF 7,590,000 | 18/03/2021 |
| Buy CHF 110,000 against EUR 102,136 | 18/03/2021 |
| Buy EUR 76,701 against CHF 85,000 | 18/03/2021 |
| Buy EUR 199,708 against CHF 215,000 | 18/03/2021 |
| Buy EUR 90,613 against CHF 100,000 | 18/03/2021 |
| Buy CHF 23,000 against EUR 21,298 | 18/03/2021 |
| Buy CHF 255,000 against EUR 235,653 | 18/03/2021 |
| Buy CHF 75,000 against EUR 69,182 | 18/03/2021 |

| Buy CHF 145,000 against EUR 134,633 | 18/03/2021 |
| --- | --- |
| Buy CHF 50,000 against EUR 46,404 | 18/03/2021 |
| Buy CHF 3,825,000 against EUR 3,532,835 | 18/03/2021 |
| Buy CHF 45,000 against EUR 41,559 | 18/03/2021 |
| Buy CHF 95,000 against EUR 88,028 | 18/03/2021 |
| Buy EUR 4,045,587 against CHF 4,455,000 | 18/03/2021 |
| Buy CHF 90,000 against EUR 83,465 | 18/03/2021 |
| Buy CHF 275,000 against EUR 254,135 | 18/03/2021 |
| Buy CHF 135,000 against EUR 123,276 | 18/06/2021 |
| Buy EUR 103,875 against CHF 115,000 | 18/06/2021 |
| Buy EUR 36,523 against CHF 40,000 | 18/06/2021 |
| Buy CHF 25,000 against EUR 22,829 | 18/06/2021 |
| Buy EUR 114,082 against CHF 125,000 | 18/06/2021 |
| Buy CHF 105,000 against EUR 94,954 | 18/06/2021 |
| Buy EUR 6,849,692 against CHF 7,460,000 | 18/06/2021 |
| Buy EUR 91,266 against CHF 100,000 | 18/06/2021 |
| Buy CHF 7,690,000 against EUR 6,989,067 | 18/06/2021 |
| Buy EUR 180,652 against CHF 200,000 | 18/06/2021 |
| Buy CHF 90,000 against EUR 82,184 | 18/06/2021 |
| Buy CHF 4,520,000 against EUR 4,108,008 | 18/06/2021 |
| Buy EUR 4,154,807 against CHF 4,525,000 | 18/06/2021 |
| Buy CHF 120,000 against EUR 109,529 | 17/09/2021 |
| Buy EUR 75,576 against CHF 82,000 | 17/09/2021 |
| Buy CHF 170,000 against EUR 157,393 | 17/09/2021 |
| Buy CHF 195,000 against EUR 179,816 | 17/09/2021 |
| Buy EUR 69,023 against CHF 75,000 | 17/09/2021 |
| Buy EUR 7,557,904 against CHF 8,210,000 | 17/09/2021 |
| Buy CHF 95,000 against EUR 86,710 | 17/09/2021 |
| Buy EUR 101,233 against CHF 110,000 | 17/09/2021 |
| Buy CHF 4,565,000 against EUR 4,194,770 | 17/09/2021 |
| Buy CHF 7,510,000 against EUR 6,900,924 | 17/09/2021 |
| Buy EUR 4,566,042 against CHF 4,960,000 | 17/09/2021 |
| Buy CHF 125,000 against EUR 115,267 | 17/09/2021 |
| Buy CHF 130,000 against EUR 119,996 | 17/09/2021 |
| Buy CHF 50,000 against EUR 46,551 | 17/09/2021 |
| Buy CHF 105,000 against EUR 97,893 | 17/09/2021 |
| Buy CHF 20,000 against EUR 18,474 | 17/09/2021 |
| Buy CHF 55,000 against EUR 50,677 | 17/09/2021 |
| Buy CHF 175,000 against EUR 163,155 | 17/09/2021 |
| Buy CHF 47,000 against EUR 43,383 | 17/09/2021 |
| Buy EUR 178,066 against CHF 190,000 | 03/11/2021 |
| Buy EUR 121,835 against CHF 130,000 | 03/11/2021 |
| Buy CHF 120,000 against EUR 114,253 | 17/12/2021 |
| Buy CHF 130,000 against EUR 121,405 | 17/12/2021 |
| Buy CHF 25,000 against EUR 23,312 | 17/12/2021 |
| Buy CHF 115,000 against EUR 108,850 | 17/12/2021 |
| Buy CHF 120,000 against EUR 113,325 | 17/12/2021 |
| Buy CHF 25,000 against EUR 23,789 | 17/12/2021 |
| Buy CHF 175,000 against EUR 164,088 | 17/12/2021 |
| Buy CHF 25,000 against EUR 23,999 | 17/12/2021 |
| Buy CHF 20,000 against EUR 18,932 | 17/12/2021 |
| Buy EUR 239,854 against CHF 250,000 | 17/12/2021 |
| Buy CHF 140,000 against EUR 132,513 | 17/12/2021 |

| Buy EUR 198,596 against CHF 215,000 | 17/12/2021 |
| --- | --- |
| Buy EUR 311,772 against CHF 325,000 | 17/12/2021 |
| Buy CHF 130,000 against EUR 121,894 | 17/12/2021 |
| Buy CHF 140,000 against EUR 134,023 | 17/12/2021 |
| Buy CHF 75,000 against EUR 71,754 | 17/12/2021 |
| Buy CHF 25,000 against EUR 23,999 | 17/12/2021 |
| Buy CHF 85,000 against EUR 81,566 | 17/12/2021 |
| Buy EUR 359,781 against CHF 375,000 | 17/12/2021 |
| Buy CHF 20,000 against EUR 18,932 | 17/12/2021 |
| Buy EUR 211,045 against CHF 220,000 | 17/12/2021 |
| Buy CHF 135,000 against EUR 127,491 | 17/12/2021 |
| Buy CHF 35,000 against EUR 32,187 | 17/12/2021 |
| Buy CHF 115,000 against EUR 110,365 | 17/12/2021 |
| Buy EUR 181,326 against CHF 195,000 | 17/12/2021 |
| Buy CHF 85,000 against EUR 80,531 | 17/12/2021 |
| Buy CHF 8,245,000 against EUR 7,595,228 | 17/12/2021 |
| Buy CHF 190,000 against EUR 178,153 | 17/12/2021 |
| Buy CHF 70,000 against EUR 66,648 | 17/12/2021 |
| Buy CHF 185,000 against EUR 175,405 | 17/12/2021 |
| Buy CHF 4,980,000 against EUR 4,587,536 | 17/12/2021 |
| Buy EUR 8,075,189 against CHF 8,420,000 | 17/12/2021 |
| Buy CHF 75,000 against EUR 71,754 | 17/12/2021 |
| Buy CHF 175,000 against EUR 167,946 | 17/12/2021 |
| Buy CHF 165,000 against EUR 154,712 | 17/12/2021 |
| Buy CHF 130,000 against EUR 124,450 | 17/12/2021 |
| Buy EUR 5,639,206 against CHF 5,880,000 | 17/12/2021 |
| Buy CHF 15,000 against EUR 14,215 | 17/12/2021 |
| Buy CHF 30,000 against EUR 27,701 | 17/12/2021 |
| Buy CHF 50,000 against EUR 47,701 | 17/12/2021 |
| Buy CHF 120,000 against EUR 113,776 | 17/12/2021 |
| Buy EUR 216,014 against CHF 225,000 | 17/12/2021 |
| Buy EUR 60,442 against CHF 65,000 | 17/12/2021 |


## Solitaire Global Bond Fund

## Statement of net assets as per 31/12/2021
| Solitaire Global Bond Fund | (in USD) |
| --- | --- |
| Bank deposits |  |
| Bank deposits, at sight | 2,599,169.75 |
| Transferable securities |  |
| Shares | 836,170.77 |
| Bonds | 402,136,408.88 |
| Derivative instruments |  |
| Derivatives | 3,005,646.85 |
| Other assets |  |
| Interests receivable | 7,617,415.80 |
| Total assets | 416,194,812.05 |
| Liabilities | -926,537.00 |
| Net asset value | 415,268,275.05 |
| - thereof share class CHF A | 16,478,568.74 |
| - thereof share class CHF H | 48,888,685.68 |
| - thereof share class CHF I H | 37,412,768.72 |
| - thereof share class EUR A | 19,159,380.36 |
| - thereof share class EUR H | 30,895,239.16 |
| - thereof share class EUR I H | 38,916,851.27 |
| - thereof share class GBP H | 2,617,138.82 |
| - thereof share class USD | 94,093,061.68 |
| - thereof share class USD A | 11,579,562.26 |
| - thereof share class USD I | 41,960,141.60 |
| - thereof share class USD X | 73,266,876.76 |
| Shares in circulation |  |
| Share class CHF A | 1,402,796.993 |
| Share class CHF H | 323,566.731 |
| Share class CHF I H | 277,493.279 |
| Share class EUR A | 1,531,296.000 |
| Share class EUR H | 190,898.882 |
| Share class EUR I H | 273,060.809 |
| Share class GBP H | 19,620.000 |
| Share class USD | 576,788.397 |
| Share class USD A | 943,940.870 |
| Share class USD I | 301,025.114 |

| Share class USD X | 526,400.000 |
| --- | --- |
| Net asset value per share |  |
| Share class CHF A | CHF 10.70 |
| Share class CHF H | CHF 137.68 |
| Share class CHF I H | CHF 122.85 |
| Share class EUR A | EUR 11.00 |
| Share class EUR H | EUR 142.32 |
| Share class EUR I H | EUR 125.33 |
| Share class GBP H | GBP 98.47 |
| Share class USD | USD 163.13 |
| Share class USD A | USD 12.27 |
| Share class USD I | USD 139.39 |
| Share class USD X | USD 139.18 |


## Profit and loss accounts from 01/01/2021 until 31/12/2021
| Solitaire Global Bond Fund | (in USD) |
| --- | --- |
| Income from securities |  |
| Bonds | 21,187,344.14 |
| - thereof share class CHF A | 880,722.05 |
| - thereof share class CHF H | 2,587,772.23 |
| - thereof share class CHF I H | 1,675,426.89 |
| - thereof share class EUR A | 855,230.67 |
| - thereof share class EUR H | 1,847,142.86 |
| - thereof share class EUR I H | 2,161,532.89 |
| - thereof share class GBP H | 70,083.20 |
| - thereof share class USD | 5,102,071.72 |
| - thereof share class USD A | 531,636.22 |
| - thereof share class USD I | 1,756,204.04 |
| - thereof share class USD X | 3,719,521.37 |
| Other income | 2,718,491.22 |
| - thereof share class CHF A | 121,899.13 |
| - thereof share class CHF H | 357,259.05 |
| - thereof share class CHF I H | 204,676.71 |
| - thereof share class EUR A | 79,377.31 |
| - thereof share class EUR H | 263,565.80 |
| - thereof share class EUR I H | 265,171.89 |
| - thereof share class GBP H | 281.92 |
| - thereof share class USD | 655,463.32 |
| - thereof share class USD A | 75,803.73 |
| - thereof share class USD I | 211,318.34 |
| - thereof share class USD X | 483,674.02 |
| Adjustment to current income due to issuance of shares | 5,166,198.45 |
| - thereof share class CHF A | 238,300.32 |
| - thereof share class CHF H | 476,659.99 |
| - thereof share class CHF I H | 619,414.96 |
| - thereof share class EUR A | 377,570.87 |
| - thereof share class EUR H | 226,925.26 |
| - thereof share class EUR I H | 617,766.07 |
| - thereof share class GBP H | 2,613.69 |
| - thereof share class USD | 768,752.36 |
| - thereof share class USD A | 185,715.05 |
| - thereof share class USD I | 832,256.58 |
| - thereof share class USD X | 820,223.30 |

| Total income | 29,072,033.81 |
| --- | --- |
| - thereof share class CHF A | 1,240,921.50 |
| - thereof share class CHF H | 3,421,691.27 |
| - thereof share class CHF I H | 2,499,518.56 |
| - thereof share class EUR A | 1,312,178.85 |
| - thereof share class EUR H | 2,337,633.92 |
| - thereof share class EUR I H | 3,044,470.85 |
| - thereof share class GBP H | 72,978.81 |
| - thereof share class USD | 6,526,287.40 |
| - thereof share class USD A | 793,155.00 |
| - thereof share class USD I | 2,799,778.96 |
| - thereof share class USD X | 5,023,418.69 |
| Interest payable | 6,851.57 |
| - thereof share class CHF A | 284.95 |
| - thereof share class CHF H | 871.79 |
| - thereof share class CHF I H | 515.28 |
| - thereof share class EUR A | 196.94 |
| - thereof share class EUR H | 664.06 |
| - thereof share class EUR I H | 663.55 |
| - thereof share class GBP H | 3.67 |
| - thereof share class USD | 1,709.10 |
| - thereof share class USD A | 176.76 |
| - thereof share class USD I | 541.53 |
| - thereof share class USD X | 1,223.94 |
| Management fee |  |
| to the management company | 2,970,773.98 |
| - thereof share class CHF A | 172,645.62 |
| - thereof share class CHF H | 507,233.80 |
| - thereof share class CHF I H | 188,197.41 |
| - thereof share class EUR A | 167,534.51 |
| - thereof share class EUR H | 361,294.41 |
| - thereof share class EUR I H | 242,130.89 |
| - thereof share class GBP H | 13,859.53 |
| - thereof share class USD | 1,012,794.06 |
| - thereof share class USD A | 105,759.81 |
| - thereof share class USD I | 199,323.94 |

| to the depositary | 107,123.84 |
| --- | --- |
| - thereof share class CHF A | 4,426.78 |
| - thereof share class CHF H | 13,006.05 |
| - thereof share class CHF I H | 8,426.77 |
| - thereof share class EUR A | 4,295.76 |
| - thereof share class EUR H | 9,263.92 |
| - thereof share class EUR I H | 10,841.66 |
| - thereof share class GBP H | 355.44 |
| - thereof share class USD | 25,969.09 |
| - thereof share class USD A | 2,711.75 |
| - thereof share class USD I | 8,924.91 |
| - thereof share class USD X | 18,901.71 |
| Audit expenses | 23,595.26 |
| - thereof share class CHF A | 984.19 |
| - thereof share class CHF H | 2,897.98 |
| - thereof share class CHF I H | 1,853.92 |
| - thereof share class EUR A | 924.29 |
| - thereof share class EUR H | 2,081.05 |
| - thereof share class EUR I H | 2,396.04 |
| - thereof share class GBP H | 71.31 |
| - thereof share class USD | 5,689.17 |
| - thereof share class USD A | 597.38 |
| - thereof share class USD I | 1,941.83 |
| - thereof share class USD X | 4,158.10 |
| Other expense and costs | 60,461.48 |
| - thereof share class CHF A | 2,318.08 |
| - thereof share class CHF H | 6,801.62 |
| - thereof share class CHF I H | 4,348.24 |
| - thereof share class EUR A | 7,155.49 |
| - thereof share class EUR H | 4,894.71 |
| - thereof share class EUR I H | 5,656.90 |
| - thereof share class GBP H | 181.63 |
| - thereof share class USD | 13,422.97 |
| - thereof share class USD A | 1,404.92 |
| - thereof share class USD I | 4,551.86 |
| - thereof share class USD X | 9,725.06 |

| Adjustment to current income due to redemption of shares | 1,534,577.10 |
| --- | --- |
| - thereof share class CHF A | 134,039.03 |
| - thereof share class CHF H | 190,283.54 |
| - thereof share class CHF I H | 52,125.20 |
| - thereof share class EUR A | 14,191.54 |
| - thereof share class EUR H | 180,429.67 |
| - thereof share class EUR I H | 349,034.82 |
| - thereof share class GBP H | 647.41 |
| - thereof share class USD | 323,187.30 |
| - thereof share class USD A | 38,429.66 |
| - thereof share class USD I | 88,918.13 |
| - thereof share class USD X | 163,290.80 |
| Total expenses | 4,703,383.23 |
| - thereof share class CHF A | 314,698.65 |
| - thereof share class CHF H | 721,094.78 |
| - thereof share class CHF I H | 255,466.82 |
| - thereof share class EUR A | 194,298.53 |
| - thereof share class EUR H | 558,627.82 |
| - thereof share class EUR I H | 610,723.86 |
| - thereof share class GBP H | 15,118.99 |
| - thereof share class USD | 1,382,771.69 |
| - thereof share class USD A | 149,080.28 |
| - thereof share class USD I | 304,202.20 |
| - thereof share class USD X | 197,299.61 |
| Net investment income | 24,368,650.58 |
| - thereof share class CHF A | 926,222.85 |
| - thereof share class CHF H | 2,700,596.49 |
| - thereof share class CHF I H | 2,244,051.74 |
| - thereof share class EUR A | 1,117,880.32 |
| - thereof share class EUR H | 1,779,006.10 |
| - thereof share class EUR I H | 2,433,746.99 |
| - thereof share class GBP H | 57,859.82 |
| - thereof share class USD | 5,143,515.71 |
| - thereof share class USD A | 644,074.72 |
| - thereof share class USD I | 2,495,576.76 |
| - thereof share class USD X | 4,826,119.08 |

| Realised capital gains (losses) | -5,961,864.88 |
| --- | --- |
| - thereof share class CHF A | -580,816.09 |
| - thereof share class CHF H | -1,611,542.88 |
| - thereof share class CHF I H | -918,759.66 |
| - thereof share class EUR A | -1,284,996.75 |
| - thereof share class EUR H | -2,247,623.35 |
| - thereof share class EUR I H | -2,775,340.60 |
| - thereof share class GBP H | -78,881.66 |
| - thereof share class USD | 1,596,445.79 |
| - thereof share class USD A | 161,560.25 |
| - thereof share class USD I | 624,604.76 |
| - thereof share class USD X | 1,153,485.31 |
| Realised income | 18,406,785.70 |
| - thereof share class CHF A | 345,406.76 |
| - thereof share class CHF H | 1,089,053.61 |
| - thereof share class CHF I H | 1,325,292.08 |
| - thereof share class EUR A | -167,116.43 |
| - thereof share class EUR H | -468,617.25 |
| - thereof share class EUR I H | -341,593.61 |
| - thereof share class GBP H | -21,021.84 |
| - thereof share class USD | 6,739,961.50 |
| - thereof share class USD A | 805,634.97 |
| - thereof share class USD I | 3,120,181.52 |
| - thereof share class USD X | 5,979,604.39 |
| Net change in unrealised capital gains (losses) | -5,721,991.52 |
| - thereof share class CHF A | -14'228.68 |
| - thereof share class CHF H | 44'337.43 |
| - thereof share class CHF I H | -287'348.94 |
| - thereof share class EUR A | -498'312.17 |
| - thereof share class EUR H | -75'714.02 |
| - thereof share class EUR I H | -715'468.72 |
| - thereof share class GBP H | -77'911.67 |
| - thereof share class USD | -1'696308.79 |
| - thereof share class USD A | -151'782.69 |
| - thereof share class USD I | -947'704.35 |
| - thereof share class USD X | -1'301'548.92 |

| Net income | 12,684,794.18 |
| --- | --- |
| - thereof share class CHF A | 331'178.08 |
| - thereof share class CHF H | 1'133'391.04 |
| - thereof share class CHF I H | 1'037'943.14 |
| - thereof share class EUR A | -665'428.60 |
| - thereof share class EUR H | -544'331.27 |
| - thereof share class EUR I H | -1'057'062.33 |
| - thereof share class GBP H | -98'933.51 |
| - thereof share class USD | 5'043'652.71 |
| - thereof share class USD A | 653'852.28 |
| - thereof share class USD I | 2'172'477.17 |
| - thereof share class USD X | 4'678'055.47 |


## Distribution of net investment income
| Solitaire Global Bond Fund | (in USD) |
| --- | --- |
| Net investment income of period | 24,368,650.58 |
| - thereof share class CHF A | 926,222.85 |
| - thereof share class CHF H | 2,700,596.49 |
| - thereof share class CHF I H | 2,244,051.74 |
| - thereof share class EUR A | 1,117,880.32 |
| - thereof share class EUR H | 1,779,006.10 |
| - thereof share class EUR I H | 2,433,746.99 |
| - thereof share class GBP H | 57,859.82 |
| - thereof share class USD | 5,143,515.71 |
| - thereof share class USD A | 644,074.72 |
| - thereof share class USD I | 2,495,576.76 |
| - thereof share class USD X | 4,826,119.08 |
| Distributable capital gains of previous period | 0.00 |
| - thereof share class CHF A | 0.00 |
| - thereof share class CHF H | 0.00 |
| - thereof share class CHF I H | 0.00 |
| - thereof share class EUR A | 0.00 |
| - thereof share class EUR H | 0.00 |
| - thereof share class EUR I H | 0.00 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 0.00 |
| - thereof share class USD A | 0.00 |
| - thereof share class USD I | 0.00 |
| - thereof share class USD X | 0.00 |
| Distributable capital gains of period | 0.00 |
| - thereof share class CHF A | 0.00 |
| - thereof share class CHF H | 0.00 |
| - thereof share class CHF I H | 0.00 |
| - thereof share class EUR A | 0.00 |
| - thereof share class EUR H | 0.00 |
| - thereof share class EUR I H | 0.00 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 0.00 |
| - thereof share class USD A | 0.00 |
| - thereof share class USD I | 0.00 |
| - thereof share class USD X | 0.00 |

| Balance carried forward from previous period | 725'195.53 |
| --- | --- |
| - thereof share class CHF A | 262'480.54 |
| - thereof share class CHF H | 0.00 |
| - thereof share class CHF I H | 0.00 |
| - thereof share class EUR A | 298'926.75 |
| - thereof share class EUR H | 0.00 |
| - thereof share class EUR I H | 0.00 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 0.00 |
| - thereof share class USD A | 0.00 |
| - thereof share class USD I | 163'788.24 |
| - thereof share class USD X | 0.00 |
| Income available for distribution | 25'093'846.11 |
| - thereof share class CHF A | 1'188'703.39 |
| - thereof share class CHF H | 2,700,596.49 |
| - thereof share class CHF I H | 2,244,051.74 |
| - thereof share class EUR A | 1'416'807.07 |
| - thereof share class EUR H | 1,779,006.10 |
| - thereof share class EUR I H | 2,433,746.99 |
| - thereof share class GBP H | 57,859.82 |
| - thereof share class USD | 5,143,515.71 |
| - thereof share class USD A | 807'862.96 |
| - thereof share class USD I | 2,495,576.76 |
| - thereof share class USD X | 4,826,119.08 |
| Income distribution | 2'408'939.84 |
| - thereof share class CHF A | 846'727.77 |
| - thereof share class CHF H | 0.00 |
| - thereof share class CHF I H | 0.00 |
| - thereof share class EUR A | 987'352.07 |
| - thereof share class EUR H | 0.00 |
| - thereof share class EUR I H | 0.00 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 0.00 |
| - thereof share class USD A | 574'859.99 |
| - thereof share class USD I | 0.00 |
| - thereof share class USD X | 0.00 |

| Income retained for reinvestment | 21'680'472.69 |
| --- | --- |
| - thereof share class CHF A | 0.00 |
| - thereof share class CHF H | 2,700,596.49 |
| - thereof share class CHF I H | 2,244,051.74 |
| - thereof share class EUR A | 0.00 |
| - thereof share class EUR H | 1,779,006.10 |
| - thereof share class EUR I H | 2,433,746.99 |
| - thereof share class GBP H | 57,859.82 |
| - thereof share class USD | 5,143,515.71 |
| - thereof share class USD A | 0.00 |
| - thereof share class USD I | 2,495,576.76 |
| - thereof share class USD X | 4,826,119.08 |
| Balance carried forward | 1'004'433.58 |
| - thereof share class CHF A | 341'975.62 |
| - thereof share class CHF H | 0.00 |
| - thereof share class CHF I H | 0.00 |
| - thereof share class EUR A | 429'455.00 |
| - thereof share class EUR H | 0.00 |
| - thereof share class EUR I H | 0.00 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 0.00 |
| - thereof share class USD A | 233'002.97 |
| - thereof share class USD I | 0.00 |
| - thereof share class USD X | 0.00 |


## Three-year comparison
| Solitaire Global Bond Fund | (in USD) |
| --- | --- |
| Net assets |  |
| 31/12/2019 | 256,444,918.81 |
| - Share class CHF A | 9,593,853.78 |
| - Share class CHF H | 33,531,903.60 |
| - Share class CHF I H | 19,116,513.47 |
| - Share class EUR A | 8,626,940.55 |
| - Share class EUR H | 23,897,693.75 |
| - Share class EUR I H | 19,053,523.58 |
| - Share class USD | 46,290,077.31 |
| - Share class USD A | 7,056,560.85 |
| - Share class USD I | 19,961,963.35 |
| - Share class USD X | 69,315,888.57 |
| 31/12/2020 | 309,071,967.72 |
| - Share class CHF A | 13,834,796.40 |
| - Share class CHF H | 40,796,832.87 |
| - Share class CHF I H | 23,740,639.92 |
| - Share class EUR A | 9,170,210.42 |
| - Share class EUR H | 30,375,800.14 |
| - Share class EUR I H | 30,344,159.78 |
| - Share class USD | 73,700,688.43 |
| - Share class USD A | 8,618,285.30 |
| - Share class USD I | 23,839,142.67 |
| - Share class USD X | 54,651,411.79 |
| 31/12/2021 | 415,268,275.05 |
| - Share class CHF A | 16,478,568.74 |
| - Share class CHF H | 48,888,685.68 |
| - Share class CHF I H | 37,412,768.72 |
| - Share class EUR A | 19,159,380.36 |
| - Share class EUR H | 30,895,239.16 |
| - Share class EUR I H | 38,916,851.27 |
| - Share class GBP H | 2,617,138.82 |
| - Share class USD | 94,093,061.68 |
| - Share class USD A | 11,579,562.26 |
| - Share class USD I | 41,960,141.60 |
| - Share class USD X | 73,266,876.76 |
| Shares in circulation |  |
| 31/12/2019 |  |
| - Share class CHF A | 910,812.711 |
| - Share class CHF H | 270,302.353 |
| - Share class CHF I H | 174,370.245 |

| - Share class EUR A | 736,652.194 |
| --- | --- |
| - Share class EUR H | 172,102.005 |
| - Share class EUR I H | 157,506.121 |
| - Share class USD | 336,655.345 |
| - Share class USD A | 623,868.668 |
| - Share class USD I | 171,614.616 |
| - Share class USD X | 605,000.000 |
| 31/12/2020 |  |
| - Share class CHF A | 1,151,000.719 |
| - Share class CHF H | 275,253.797 |
| - Share class CHF I H | 180,369.437 |
| - Share class EUR A | 686,883.400 |
| - Share class EUR H | 183,702.497 |
| - Share class EUR I H | 209,280.121 |
| - Share class USD | 480,121.103 |
| - Share class USD A | 715,620.534 |
| - Share class USD I | 182,664.403 |
| - Share class USD X | 422,200.000 |
| 31/12/2021 |  |
| - Share class CHF A | 1,402,796.993 |
| - Share class CHF H | 323,566.731 |
| - Share class CHF I H | 277,493.279 |
| - Share class EUR A | 1,531,296.000 |
| - Share class EUR H | 190,898.882 |
| - Share class EUR I H | 273,060.809 |
| - Share class GBP H | 19,620.000 |
| - Share class USD | 576,788.397 |
| - Share class USD A | 943,940.870 |
| - Share class USD I | 301,025.114 |
| - Share class USD X | 526,400.000 |

| Net asset value per share |  |
| --- | --- |
| 31/12/2019 |  |
| - Share class CHF A | 10.53 |
| - Share class CHF H | 124.05 |
| - Share class CHF I H | 109.63 |
| - Share class EUR A | 11.71 |
| - Share class EUR H | 138.86 |
| - Share class EUR I H | 120.97 |
| - Share class USD | 137.50 |
| - Share class USD A | 11.31 |
| - Share class USD I | 116.32 |
| - Share class USD X | 114.57 |
| 31/12/2020 |  |
| - Share class CHF A | 12.02 |
| - Share class CHF H | 148.22 |
| - Share class CHF I H | 131.62 |
| - Share class EUR A | 13.35 |
| - Share class EUR H | 165.35 |
| - Share class EUR I H | 144.99 |
| - Share class USD | 153.50 |
| - Share class USD A | 12.04 |
| - Share class USD I | 130.51 |
| - Share class USD X | 129.44 |
| 31/12/2021 |  |
| - Share class CHF A | 11.75 |
| - Share class CHF H | 151.09 |
| - Share class CHF I H | 134.82 |
| - Share class EUR A | 12.51 |
| - Share class EUR H | 161.84 |
| - Share class EUR I H | 142.52 |
| - Share class GBP H | 133.39 |
| - Share class USD | 163.13 |
| - Share class USD A | 12.27 |
| - Share class USD I | 139.39 |
| - Share class USD X | 139.18 |


## Change in net assets
| Solitaire Global Bond Fund | (in USD) |
| --- | --- |
| Net assets, beginning of period | 309,071,967.72 |
| - thereof share class CHF A | 13,834,796.40 |
| - thereof share class CHF H | 40,796,832.87 |
| - thereof share class CHF I H | 23,740,639.92 |
| - thereof share class EUR A | 9,170,210.42 |
| - thereof share class EUR H | 30,375,800.14 |
| - thereof share class EUR I H | 30,344,159.78 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 73,700,688.43 |
| - thereof share class USD A | 8,618,285.30 |
| - thereof share class USD I | 23,839,142.67 |
| - thereof share class USD X | 54,651,411.79 |
| Distributions | -1,276,240.93 |
| - thereof share class CHF A | -555,818.01 |
| - thereof share class CHF H | 0.00 |
| - thereof share class CHF I H | 0.00 |
| - thereof share class EUR A | -368,580.24 |
| - thereof share class EUR H | 0.00 |
| - thereof share class EUR I H | 0.00 |
| - thereof share class GBP H | 0.00 |
| - thereof share class USD | 0.00 |
| - thereof share class USD A | -351,842.68 |
| - thereof share class USD I | 0.00 |
| - thereof share class USD X | 0.00 |
| Subscriptions | 147,649,041.57 |
| - thereof share class CHF A | 6,669,380.07 |
| - thereof share class CHF H | 12,978,182.88 |
| - thereof share class CHF I H | 16,040,076.78 |
| - thereof share class EUR A | 12,267,480.92 |
| - thereof share class EUR H | 6,670,698.06 |
| - thereof share class EUR I H | 17,074,328.91 |
| - thereof share class GBP H | 2,772,132.64 |
| - thereof share class USD | 27,993,738.48 |
| - thereof share class USD A | 4,778,059.74 |
| - thereof share class USD I | 19,484,001.09 |
| - thereof share class USD X | 20,920,962.00 |

| Redemptions | -49,229,666.14 |
| --- | --- |
| - thereof share class CHF A | -3,696,706.51 |
| - thereof share class CHF H | -5,733,344.66 |
| - thereof share class CHF I H | -2,838,601.36 |
| - thereof share class EUR A | -880,922.81 |
| - thereof share class EUR H | -5,560,432.18 |
| - thereof share class EUR I H | -7,175,843.84 |
| - thereof share class GBP H | -54,094.03 |
| - thereof share class USD | -12,199,452.88 |
| - thereof share class USD A | -1,971,506.99 |
| - thereof share class USD I | -2,792,140.88 |
| - thereof share class USD X | -6,326,620.00 |
| Income equalization | -3,631,621.35 |
| - thereof share class CHF A | -104,261.29 |
| - thereof share class CHF H | -286,376.45 |
| - thereof share class CHF I H | -567,289.76 |
| - thereof share class EUR A | -363,379.33 |
| - thereof share class EUR H | -46,495.59 |
| - thereof share class EUR I H | -268,731.25 |
| - thereof share class GBP H | -1,966.28 |
| - thereof share class USD | -445,565.06 |
| - thereof share class USD A | -147,285.39 |
| - thereof share class USD I | -743,338.45 |
| - thereof share class USD X | -656,932.50 |
| Net income | 12,684,794.18 |
| - thereof share class CHF A | 331'178.08 |
| - thereof share class CHF H | 1'133'391.04 |
| - thereof share class CHF I H | 1'037'943.14 |
| - thereof share class EUR A | -665'428.60 |
| - thereof share class EUR H | -544'331.27 |
| - thereof share class EUR I H | -1'057'062.33 |
| - thereof share class GBP H | -98'933.51 |
| - thereof share class USD | 5'043'652.71 |
| - thereof share class USD A | 653'852.28 |
| - thereof share class USD I | 2'172'477.17 |
| - thereof share class USD X | 4'678'055.47 |

| Net assets, end of period | 415,268,275.05 |
| --- | --- |
| - thereof share class CHF A | 16,478,568.74 |
| - thereof share class CHF H | 48,888,685.68 |
| - thereof share class CHF I H | 37,412,768.72 |
| - thereof share class EUR A | 19,159,380.36 |
| - thereof share class EUR H | 30,895,239.16 |
| - thereof share class EUR I H | 38,916,851.27 |
| - thereof share class GBP H | 2,617,138.82 |
| - thereof share class USD | 94,093,061.68 |
| - thereof share class USD A | 11,579,562.26 |
| - thereof share class USD I | 41,960,141.60 |
| - thereof share class USD X | 73,266,876.76 |


## Shares in circulation
Solitaire Global Bond Fund
| Balance, beginning of period |  |
| --- | --- |
| - Share class CHF A | 1,151,000.719 |
| - Share class CHF H | 275,253.797 |
| - Share class CHF I H | 180,369.437 |
| - Share class EUR A | 686,883.400 |
| - Share class EUR H | 183,702.497 |
| - Share class EUR I H | 209,280.121 |
| - Share class GBP H | 0.000 |
| - Share class USD | 480,121.103 |
| - Share class USD A | 715,620.534 |
| - Share class USD I | 182,664.403 |
| - Share class USD X | 422,200.000 |
| Issued shares |  |
| - Share class CHF A | 563,511.800 |
| - Share class CHF H | 86,246.580 |
| - Share class CHF I H | 118,526.814 |
| - Share class EUR A | 910,906.000 |
| - Share class EUR H | 40,124.156 |
| - Share class EUR I H | 113,867.638 |
| - Share class GBP H | 20,020.000 |
| - Share class USD | 173,177.317 |
| - Share class USD A | 389,080.708 |
| - Share class USD I | 138,751.960 |
| - Share class USD X | 151,200.000 |
| Redeemed shares |  |
| - Share class CHF A | -311,715.526 |
| - Share class CHF H | -37,933.646 |
| - Share class CHF I H | -21,402.972 |
| - Share class EUR A | -66,493.400 |
| - Share class EUR H | -32,927.771 |
| - Share class EUR I H | -50,086.950 |
| - Share class GBP H | -400.000 |
| - Share class USD | -76,510.023 |
| - Share class USD A | -160,760.372 |
| - Share class USD I | -20,391.249 |
| - Share class USD X | -47,000.000 |

| Balance, end of period |  |
| --- | --- |
| - Share class CHF A | 1,402,796.993 |
| - Share class CHF H | 323,566.731 |
| - Share class CHF I H | 277,493.279 |
| - Share class EUR A | 1,531,296.000 |
| - Share class EUR H | 190,898.882 |
| - Share class EUR I H | 273,060.809 |
| - Share class GBP H | 19,620.000 |
| - Share class USD | 576,788.397 |
| - Share class USD A | 943,940.870 |
| - Share class USD I | 301,025.114 |
| - Share class USD X | 526,400.000 |


## Assets as per 31/12/2021
Solitaire Global Bond Fund
|  | Balance 01/01/2021 | Purchases 1 | Sales 1 | Balance 31/12/2021 | Price | Value in USD | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities, that are listed or traded on a regulated market |
| Bonds |  |  |  |  |  |  |  |
| Bonds in EUR |  |  |  |  |  |  |  |
| Ageasfinlux ewig Var | 0 | 2,000,000 | 2,000,000 | 0 | 0.00 | 0 | 0.00 |
| Total Bonds in EUR |  |  |  |  |  | 0 | 0.00 |
| Total Bonds |  |  |  |  |  | 0 | 0.00 |
| Total Transferable securities, that are listed or traded on a regulated market |  |  | 0 | 0.00 |
| Transferable securities, that are listed or traded on an official stock exchange |
| Shares |  |  |  |  |  |  |  |
| Shares in GBP |  |  |  |  |  |  |  |
| Petra Diamonds (N) | 0 | 834,173 | 0 | 834,173 | 0.74 | 836,171 | 0.20 |
| Petra Diamonds (N) | 0 | 41,708,682 | 41,708,682 | 0 | 0.00 | 0 | 0.00 |
| Total Shares in GBP |  |  |  |  |  | 836,171 | 0.20 |
| Shares in USD |  |  |  |  |  |  |  |
| Petra Diamonds (N) | 0 | 41,708,682 | 41,708,682 | 0 | 0.00 | 0 | 0.00 |
| Total Shares in USD |  |  |  |  |  | 0 | 0.00 |
| Total Shares |  |  |  |  |  | 836,171 | 0.20 |
| Floating rate notes |  |  |  |  |  |  |  |
| Floating rate notes in EUR |  |  |  |  |  |  |  |
| Trafigura Grp ewig Var | 5,500,000 | 0 | 0 | 5,500,000 | 108.10 | 6,760,863 | 1.63 |
| Bco Credito Soc 31 Var | 0 | 2,000,000 | 0 | 2,000,000 | 104.08 | 2,367,157 | 0.57 |
| Bco Credito Soc 27 Var | 1,000,000 | 0 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |
| Total Floating rate notes in EUR |  |  |  |  |  | 9,128,020 | 2.20 |
| Floating rate notes in USD |  |  |  |  |  |  |  |
| Aegon ewig Var 2 | 4,000,000 | 0 | 0 | 4,000,000 | 93.76 | 3,750,280 | 0.90 |
| CREDIT BANK MOS ewig Var | 0 | 4,000,000 | 0 | 4,000,000 | 93.09 | 3,723,400 | 0.90 |
| Coastal Emer ewig Var | 0 | 3,000,000 | 0 | 3,000,000 | 99.57 | 2,986,950 | 0.72 |
| Argentinien 41 Var | 8,002,125 | 0 | 0 | 8,002,125 | 35.59 | 2,848,196 | 0.69 |
| Intesa Sanpaolo ewig Var | 2,400,000 | 0 | 0 | 2,400,000 | 111.90 | 2,685,480 | 0.65 |
| YPF 26 Var 2 | 0 | 3,363,000 | 0 | 3,363,000 | 79.77 | 2,682,497 | 0.65 |
| Argentinien 35 Var | 8,049,545 | 0 | 0 | 8,049,545 | 32.02 | 2,577,223 | 0.62 |
| SMC Global ewig Var | 2,500,000 | 0 | 0 | 2,500,000 | 99.34 | 2,483,425 | 0.60 |
| AXA ewig Var | 2,500,000 | 0 | 0 | 2,500,000 | 95.01 | 2,375,125 | 0.57 |
| Barclays ewig Var | 2,000,000 | 0 | 0 | 2,000,000 | 107.44 | 2,148,860 | 0.52 |
| Ecuador 35 0.5% 2 | 3,139,190 | 0 | 0 | 3,139,190 | 65.66 | 2,061,035 | 0.50 |
| General Electric ewig Var | 2,000,000 | 0 | 0 | 2,000,000 | 99.12 | 1,982,340 | 0.48 |
| Credit Agricole ewig Var | 1,500,000 | 0 | 0 | 1,500,000 | 118.59 | 1,778,850 | 0.43 |
| BBVA ewig Var | 1,600,000 | 0 | 0 | 1,600,000 | 106.12 | 1,697,968 | 0.41 |
| HSBC Holdings ewig Var CV | 1,500,000 | 0 | 0 | 1,500,000 | 110.59 | 1,658,850 | 0.40 |
| General Electric 26 Var | 1,793,000 | 0 | 102,000 | 1,691,000 | 98.05 | 1,658,009 | 0.40 |
| Yapi Kredi Bankasi ewig Var | 3,000,000 | 0 | 2,000,000 | 1,000,000 | 107.89 | 1,078,880 | 0.26 |
| Akbank 28 Var | 1,000,000 | 0 | 0 | 1,000,000 | 96.70 | 967,000 | 0.23 |
| Noble Tradg 23 Var 2 | 1,229,898 | 0 | 0 | 1,229,898 | 66.47 | 817,476 | 0.20 |

|  | Balance 01/01/2021 | Purchases 1 | Sales 1 | Balance 31/12/2021 | Price | Value in USD | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Trafigura Grp ewig Var | 200,000 | 0 | 0 | 200,000 | 100.14 | 200,282 | 0.05 |
| Turkiye Is Bankasi 28 Var | 1,000,000 | 0 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |
| Turkiye Is Bankasi 30 Var | 200,000 | 0 | 200,000 | 0 | 0.00 | 0 | 0.00 |
| Total Floating rate notes in USD |  |  |  |  |  | 42,162,126 | 10.15 |
| Total Floating rate notes |  |  |  |  |  | 51,290,147 | 12.35 |
| Zerobonds |  |  |  |  |  |  |  |
| Zerobonds in EUR |  |  |  |  |  |  |  |
| 0% AMS AG | 3,600,000 | 2,000,000 | 0 | 5,600,000 | 89.91 | 5,725,855 | 1.38 |
| Total Zerobonds in EUR |  |  |  |  |  | 5,725,855 | 1.38 |
| Zerobonds in USD |  |  |  |  |  |  |  |
| Rutas 2 & 7 Finance 36 0% | 4,000,000 | 0 | 0 | 4,000,000 | 74.13 | 2,965,120 | 0.71 |
| Chile Electric 28 0% | 0 | 3,500,000 | 0 | 3,500,000 | 81.48 | 2,851,695 | 0.69 |
| Total Zerobonds in USD |  |  |  |  |  | 5,816,815 | 1.40 |
| Total Zerobonds |  |  |  |  |  | 11,542,670 | 2.78 |
| Bonds |  |  |  |  |  |  |  |
| Bonds in CHF |  |  |  |  |  |  |  |
| Credito Real 22 2.875% | 0 | 1,500,000 | 1,500,000 | 0 | 0.00 | 0 | 0.00 |
| Total Bonds in CHF |  |  |  |  |  | 0 | 0.00 |
| Bonds in EUR |  |  |  |  |  |  |  |
| Vittoria Ass 28 5.75% | 2,000,000 | 0 | 0 | 2,000,000 | 117.04 | 2,661,824 | 0.64 |
| Cote d'Ivoire 48 6.625% | 1,000,000 | 1,000,000 | 0 | 2,000,000 | 99.55 | 2,264,174 | 0.55 |
| Kamerun 32 5.95% | 0 | 2,000,000 | 0 | 2,000,000 | 94.05 | 2,139,107 | 0.52 |
| Stand Pr Auto 26 6.25% | 0 | 2,000,000 | 0 | 2,000,000 | 82.50 | 1,876,350 | 0.45 |
| SGL Carbon 23 3% CV | 1,000,000 | 200,000 | 0 | 1,200,000 | 99.52 | 1,358,027 | 0.33 |
| Grenke Finance 25 0.625% | 0 | 1,200,000 | 0 | 1,200,000 | 95.15 | 1,298,434 | 0.31 |
| Adient Glb Holding 24 3.5% | 1,100,000 | 0 | 0 | 1,100,000 | 101.42 | 1,268,663 | 0.31 |
| SGL Carbon 24 4.625% | 1,000,000 | 0 | 0 | 1,000,000 | 101.94 | 1,159,220 | 0.28 |
| Credito Real 27 5% 2 | 0 | 500,000 | 0 | 500,000 | 57.83 | 328,816 | 0.08 |
| Central Bk Tunisia 26 6.375% | 100,000 | 0 | 0 | 100,000 | 76.62 | 87,132 | 0.02 |
| Fluor 23 1.75% | 2,200,000 | 0 | 2,200,000 | 0 | 0.00 | 0 | 0.00 |
| Senegal 28 4.75% | 1,000,000 | 0 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |
| WD Inv 24 1.9% CV | 8,800,000 | 0 | 8,800,000 | 0 | 0.00 | 0 | 0.00 |
| Total Bonds in EUR |  |  |  |  |  | 14,441,746 | 3.48 |
| Bonds in USD |  |  |  |  |  |  |  |
| PEMEX 50 7.69% 2 | 11,000,000 | 1,000,000 | 0 | 12,000,000 | 96.58 | 11,589,600 | 2.79 |
| Sasol Financing 28 6.5% | 7,000,000 | 0 | 0 | 7,000,000 | 108.63 | 7,603,960 | 1.83 |
| Teva Pharma Finance 28 6.75% 2 | 0 | 6,500,000 | 0 | 6,500,000 | 107.46 | 6,985,030 | 1.68 |
| Nigeria 49 9.248% | 5,000,000 | 1,000,000 | 0 | 6,000,000 | 101.88 | 6,112,800 | 1.47 |
| Howmet Aerospc 28 6.75% | 3,500,000 | 1,000,000 | 0 | 4,500,000 | 118.85 | 5,348,115 | 1.29 |
| TI Capital 33 6.375% | 3,900,000 | 1,000,000 | 0 | 4,900,000 | 107.80 | 5,282,347 | 1.27 |
| Gunvor Group 26 6.25% 2 | 0 | 5,000,000 | 0 | 5,000,000 | 97.48 | 4,874,000 | 1.17 |
| Tuerkei 47 5.75% | 0 | 9,000,000 | 3,000,000 | 6,000,000 | 81.10 | 4,866,000 | 1.17 |
| Norddeutsch LB Giro 24 6.25% | 4,600,000 | 0 | 0 | 4,600,000 | 104.26 | 4,796,144 | 1.15 |
| Beazley Ins 29 5.5% 2 | 2,000,000 | 2,200,000 | 0 | 4,200,000 | 112.48 | 4,724,034 | 1.14 |
| Gran Tierra Energy 27 7.75% | 5,000,000 | 0 | 0 | 5,000,000 | 91.24 | 4,562,050 | 1.10 |
| Petrobras Glob 44 7.25% | 0 | 4,000,000 | 0 | 4,000,000 | 111.00 | 4,440,000 | 1.07 |

|  | Balance 01/01/2021 | Purchases 1 | Sales 1 | Balance 31/12/2021 | Price | Value in USD | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Unicredit ewig Var | 4,000,000 | 0 | 0 | 4,000,000 | 109.63 | 4,385,000 | 1.06 |
| Puma Int Finan 26 5% | 4,200,000 | 0 | 0 | 4,200,000 | 100.38 | 4,215,834 | 1.02 |
| Andrade Gut 24 9.5% | 2,500,000 | 3,800,000 | 0 | 6,300,000 | 64.88 | 4,087,503 | 0.98 |
| NYRSTAR HLDG 26 0% | 4,600,000 | 0 | 0 | 4,600,000 | 86.29 | 3,969,432 | 0.96 |
| MT(Maur) Inv 26 6.5% | 3,500,000 | 0 | 0 | 3,500,000 | 112.14 | 3,924,900 | 0.95 |
| Oman 48 6.75% | 3,800,000 | 0 | 0 | 3,800,000 | 102.10 | 3,879,686 | 0.93 |
| EQT 30 7% | 3,000,000 | 0 | 0 | 3,000,000 | 128.68 | 3,860,490 | 0.93 |
| Adani Abbot 22 4.45% | 3,960,000 | 0 | 0 | 3,960,000 | 96.54 | 3,823,103 | 0.92 |
| Fidelity Bank 26 7.625% | 0 | 3,800,000 | 0 | 3,800,000 | 98.63 | 3,747,750 | 0.90 |
| Nordstrom 44 5% 2 | 4,000,000 | 0 | 0 | 4,000,000 | 93.41 | 3,736,240 | 0.90 |
| Transocean 31 7.5% 2 | 5,300,000 | 1,000,000 | 0 | 6,300,000 | 59.14 | 3,726,009 | 0.90 |
| GTLK Eur Cptl 28 4.8% | 1,600,000 | 2,000,000 | 0 | 3,600,000 | 100.55 | 3,619,872 | 0.87 |
| Inver Atlantida 26 7.5% | 0 | 4,500,000 | 1,000,000 | 3,500,000 | 102.05 | 3,571,645 | 0.86 |
| ASG Finance 24 7.875% | 7,600,000 | 0 | 4,000,000 | 3,600,000 | 98.19 | 3,534,768 | 0.85 |
| Peru LNG 30 5.375% | 4,000,000 | 0 | 0 | 4,000,000 | 86.74 | 3,469,600 | 0.84 |
| Braskem Nether 50 5.875% 2 | 3,000,000 | 0 | 0 | 3,000,000 | 115.26 | 3,457,800 | 0.83 |
| Syngenta Finance 28 5.182% 2 | 2,000,000 | 1,000,000 | 0 | 3,000,000 | 112.43 | 3,372,870 | 0.81 |
| CNAC (HK) Finbr 29 3.875% 2 | 0 | 3,000,000 | 0 | 3,000,000 | 107.80 | 3,233,850 | 0.78 |
| Huarong Finance II 25 5.5% | 0 | 4,000,000 | 1,000,000 | 3,000,000 | 105.40 | 3,162,120 | 0.76 |
| IENOVA 48 4.875% | 3,000,000 | 0 | 0 | 3,000,000 | 101.28 | 3,038,340 | 0.73 |
| Seagate HDD 29 3.125% 2 | 0 | 3,000,000 | 0 | 3,000,000 | 97.92 | 2,937,660 | 0.71 |
| Ulker Biskuvi 25 6.95% | 3,000,000 | 0 | 0 | 3,000,000 | 94.69 | 2,840,700 | 0.68 |
| CBOM Finance 27 Var | 2,800,000 | 0 | 0 | 2,800,000 | 100.08 | 2,802,128 | 0.67 |
| Telcomm Svcs 29 8.875% 2 | 2,500,000 | 0 | 0 | 2,500,000 | 106.49 | 2,662,350 | 0.64 |
| Marathon Oil 37 6.6% | 2,000,000 | 0 | 0 | 2,000,000 | 132.76 | 2,655,120 | 0.64 |
| Credivalores 25 8.875% 2 | 3,500,000 | 0 | 0 | 3,500,000 | 75.38 | 2,638,160 | 0.64 |
| Alfa 44 6.875% 2 | 2,000,000 | 0 | 0 | 2,000,000 | 131.17 | 2,623,480 | 0.63 |
| Occidental Pete 46 6.6% | 2,000,000 | 0 | 0 | 2,000,000 | 129.91 | 2,598,140 | 0.63 |
| Prumo Part Inv 31 7.5% | 2,750,000 | 0 | 0 | 2,750,000 | 108.08 | 2,588,646 | 0.62 |
| Delhi Intl Air 26 6.125% 2 | 2,500,000 | 0 | 0 | 2,500,000 | 102.65 | 2,566,175 | 0.62 |
| Caiyun Intl 22 5.5% | 0 | 3,000,000 | 0 | 3,000,000 | 84.59 | 2,537,790 | 0.61 |
| Wens Foodstuff 30 3.258% 2 | 0 | 3,500,000 | 0 | 3,500,000 | 71.67 | 2,508,275 | 0.60 |
| Unifin Financ 28 8.375% 2 | 2,000,000 | 1,000,000 | 0 | 3,000,000 | 83.01 | 2,490,240 | 0.60 |
| Italien 33 5.375% | 0 | 2,000,000 | 0 | 2,000,000 | 123.63 | 2,472,600 | 0.60 |
| Rolls-Royce 10/27 5.75% 2 | 200,000 | 2,000,000 | 0 | 2,200,000 | 110.64 | 2,434,124 | 0.59 |
| EQM Midstrm Ptr 48 6.5% | 2,000,000 | 0 | 0 | 2,000,000 | 121.61 | 2,432,100 | 0.59 |
| Credito Real 28 8% 2 | 0 | 4,000,000 | 0 | 4,000,000 | 60.35 | 2,414,000 | 0.58 |
| Petkim Petrokimya 23 5.875% | 1,400,000 | 1,000,000 | 0 | 2,400,000 | 100.43 | 2,410,320 | 0.58 |
| DNO 26 7.875% | 0 | 2,330,000 | 0 | 2,330,000 | 103.09 | 2,401,997 | 0.58 |
| ACWA Pwr 39 5.95% | 2,000,000 | 0 | 0 | 2,000,000 | 118.95 | 2,374,540 | 0.57 |
| Bth & Bdy Wrks 33 6.95% | 2,000,000 | 0 | 0 | 2,000,000 | 117.12 | 2,342,440 | 0.56 |
| Embraer Neth 27 5.4% 2 | 2,200,000 | 0 | 0 | 2,200,000 | 104.51 | 2,299,198 | 0.55 |
| Camposol 27 6% 2 | 2,200,000 | 0 | 0 | 2,200,000 | 103.72 | 2,281,906 | 0.55 |
| Ghana 30 10.75% | 2,000,000 | 0 | 0 | 2,000,000 | 112.17 | 2,243,460 | 0.54 |
| ShaMaran Pete 23 12% | 1,683,014 | 600,000 | 63,418 | 2,219,596 | 100.42 | 2,228,830 | 0.54 |
| Phoenix Grp 27 5.375% | 0 | 2,000,000 | 0 | 2,000,000 | 111.20 | 2,224,000 | 0.54 |
| Liberty Intrctv 30 8.25% | 0 | 2,000,000 | 0 | 2,000,000 | 110.33 | 2,206,520 | 0.53 |
| BOAD 31 4.7% | 1,000,000 | 1,000,000 | 0 | 2,000,000 | 109.27 | 2,185,340 | 0.53 |
| Deutsche Bank ewig Var | 3,000,000 | 0 | 1,000,000 | 2,000,000 | 108.80 | 2,175,960 | 0.52 |
| Agua Saneamnts 23 6.625% 2 | 4,000,000 | 0 | 0 | 4,000,000 | 53.05 | 2,122,000 | 0.51 |
| CSInova 28 6.75% 2 | 2,000,000 | 0 | 0 | 2,000,000 | 105.52 | 2,110,440 | 0.51 |

|  | Balance 01/01/2021 | Purchases 1 | Sales 1 | Balance 31/12/2021 | Price | Value in USD | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Afreximbank 31 3.798% | 0 | 2,000,000 | 0 | 2,000,000 | 102.45 | 2,049,000 | 0.49 |
| Italien 29 2.875% | 0 | 2,000,000 | 0 | 2,000,000 | 102.12 | 2,042,400 | 0.49 |
| TRINIDAD GENER 27 5.25% 2 | 2,000,000 | 0 | 0 | 2,000,000 | 101.84 | 2,036,860 | 0.49 |
| CNAC (HK) Finbr 30 3% | 0 | 2,000,000 | 0 | 2,000,000 | 101.60 | 2,032,000 | 0.49 |
| BRF 30 4.875% | 2,000,000 | 0 | 0 | 2,000,000 | 101.54 | 2,030,800 | 0.49 |
| 1MDB Global 23 4.4% | 1,000,000 | 1,000,000 | 0 | 2,000,000 | 100.61 | 2,012,220 | 0.48 |
| SoftBank Group 31 5.25% | 0 | 2,000,000 | 0 | 2,000,000 | 100.13 | 2,002,500 | 0.48 |
| Eastern 28 4.125% | 0 | 2,000,000 | 0 | 2,000,000 | 99.59 | 1,991,700 | 0.48 |
| Transocean 27 11.5% | 2,000,000 | 0 | 0 | 2,000,000 | 98.23 | 1,964,520 | 0.47 |
| Hunt Oil Peru 28 6.375% | 0 | 2,000,000 | 0 | 2,000,000 | 101.65 | 1,947,614 | 0.47 |
| Frontera Energy 06/28 7.875% 2 | 0 | 2,000,000 | 0 | 2,000,000 | 93.98 | 1,879,500 | 0.45 |
| Fidelity Bank 22 10.5% | 1,800,000 | 0 | 0 | 1,800,000 | 103.73 | 1,867,086 | 0.45 |
| Bahamas 32 8.95% | 0 | 2,000,000 | 0 | 2,000,000 | 93.28 | 1,865,500 | 0.45 |
| El Salvador 52 9.5% | 1,000,000 | 2,000,000 | 0 | 3,000,000 | 62.07 | 1,862,100 | 0.45 |
| Aegypten 32 7.0529% | 0 | 2,000,000 | 0 | 2,000,000 | 92.68 | 1,853,600 | 0.45 |
| Limakport Isken 36 9.5% | 0 | 2,000,000 | 0 | 2,000,000 | 92.52 | 1,850,400 | 0.45 |
| Tadschikistan 27 7.125% 2 | 0 | 2,000,000 | 0 | 2,000,000 | 88.67 | 1,773,480 | 0.43 |
| Debt and Asset 25 1% | 1,920,000 | 0 | 0 | 1,920,000 | 91.94 | 1,765,171 | 0.43 |
| Kondor Finance 26 7.625% | 0 | 2,000,000 | 0 | 2,000,000 | 87.83 | 1,756,600 | 0.42 |
| Societe Generale ewig Var | 1,500,000 | 0 | 0 | 1,500,000 | 116.00 | 1,740,000 | 0.42 |
| BRF 26 4.35% | 1,700,000 | 0 | 0 | 1,700,000 | 101.28 | 1,721,726 | 0.41 |
| Financiera Ind 24 8% 2 | 1,000,000 | 1,000,000 | 0 | 2,000,000 | 86.07 | 1,721,340 | 0.41 |
| Macy's Rtl Holding 34 4.5% | 1,700,000 | 0 | 0 | 1,700,000 | 99.39 | 1,689,545 | 0.41 |
| Petra Dmnds US 10.5% | 0 | 1,569,000 | 0 | 1,569,000 | 103.57 | 1,677,607 | 0.40 |
| Eskom Hold SOC 28 8.45% | 1,500,000 | 0 | 0 | 1,500,000 | 108.10 | 1,621,425 | 0.39 |
| Empresa Elect Cochr 27 5.5% | 2,000,000 | 0 | 0 | 2,000,000 | 100.36 | 1,590,537 | 0.38 |
| Eskom Hold SOC 25 7.125% | 1,500,000 | 0 | 0 | 1,500,000 | 103.52 | 1,552,845 | 0.37 |
| Turkcell Iletisim 28 5.8% | 1,600,000 | 0 | 0 | 1,600,000 | 96.33 | 1,541,296 | 0.37 |
| Central Bk Tunisia 25 5.75% | 2,000,000 | 0 | 0 | 2,000,000 | 76.83 | 1,536,640 | 0.37 |
| SoftBank Group 27 5.125% | 1,500,000 | 0 | 0 | 1,500,000 | 100.40 | 1,505,940 | 0.36 |
| H&H Intl 24 5.625% | 0 | 1,500,000 | 0 | 1,500,000 | 100.10 | 1,501,425 | 0.36 |
| Fantasia Holdings 23 11.875% 2 | 0 | 6,200,000 | 0 | 6,200,000 | 24.17 | 1,498,230 | 0.36 |
| Guacolda 25 4.56% | 0 | 3,750,000 | 0 | 3,750,000 | 39.69 | 1,488,525 | 0.36 |
| San M / NG Pet 28 3.5% | 0 | 1,500,000 | 0 | 1,500,000 | 98.44 | 1,476,600 | 0.36 |
| Easy Tactic 24 11.625% 2 | 0 | 4,000,000 | 0 | 4,000,000 | 35.29 | 1,411,600 | 0.34 |
| Provincia Chubut 30 7.75% 2 | 1,800,000 | 0 | 0 | 1,800,000 | 79.89 | 1,349,359 | 0.32 |
| Royal Caribbean 25 11.5% | 1,400,000 | 0 | 217,000 | 1,183,000 | 112.52 | 1,331,100 | 0.32 |
| Credit Agricole ewig Var 2 | 1,200,000 | 0 | 0 | 1,200,000 | 109.71 | 1,316,544 | 0.32 |
| DP World 48 5.625% | 1,000,000 | 0 | 0 | 1,000,000 | 123.44 | 1,234,440 | 0.30 |
| Kohl's 45 5.55% 2 | 1,000,000 | 0 | 0 | 1,000,000 | 116.15 | 1,161,450 | 0.28 |
| Nordstrom 28 6.95% | 1,000,000 | 0 | 0 | 1,000,000 | 112.75 | 1,127,470 | 0.27 |
| Beazley Ins 26 5.875% 2 | 1,000,000 | 0 | 0 | 1,000,000 | 112.27 | 1,122,730 | 0.27 |
| Trinidad Pet 26 9.75% | 1,000,000 | 0 | 0 | 1,000,000 | 108.75 | 1,087,450 | 0.26 |
| EQT 27 3.9% | 1,000,000 | 0 | 0 | 1,000,000 | 107.49 | 1,074,880 | 0.26 |
| Teva Pharmaceutical 36 6.15% 2 | 7,000,000 | 0 | 6,000,000 | 1,000,000 | 106.18 | 1,061,780 | 0.26 |
| Huarong Finance II 25 5% | 0 | 1,000,000 | 0 | 1,000,000 | 104.50 | 1,044,950 | 0.25 |
| Africa Finance 29 3.75% | 0 | 1,000,000 | 0 | 1,000,000 | 104.02 | 1,040,150 | 0.25 |
| Digicel Holding 24 8.75% 2 | 0 | 1,000,000 | 0 | 1,000,000 | 103.10 | 1,031,040 | 0.25 |
| CAR Inc 22 8.875% | 1,000,000 | 0 | 0 | 1,000,000 | 100.25 | 1,002,540 | 0.24 |
| Citadel Finance 26 3.375% | 0 | 1,000,000 | 0 | 1,000,000 | 100.06 | 1,000,626 | 0.24 |
| CGG 27 8.75% | 0 | 1,000,000 | 0 | 1,000,000 | 99.13 | 991,300 | 0.24 |

|  | Balance 01/01/2021 | Purchases 1 | Sales 1 | Balance 31/12/2021 | Price | Value in USD | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Costa Rica 44 7% | 1,000,000 | 0 | 0 | 1,000,000 | 98.41 | 984,060 | 0.24 |
| Suedafrika 49 5.75% | 1,000,000 | 0 | 0 | 1,000,000 | 96.35 | 963,500 | 0.23 |
| Aegypten 32 7.625% | 0 | 1,000,000 | 0 | 1,000,000 | 94.99 | 949,900 | 0.23 |
| MHP Lux 29 6.25% | 0 | 1,000,000 | 0 | 1,000,000 | 94.33 | 943,300 | 0.23 |
| MR FFEM 28 4.875% | 0 | 1,000,000 | 0 | 1,000,000 | 93.51 | 935,050 | 0.23 |
| Termocandelaria 29 7.875% | 0 | 1,000,000 | 0 | 1,000,000 | 100.39 | 928,561 | 0.22 |
| Brooge Pet&Gas 25 8.5% | 900,000 | 0 | 31,500 | 868,500 | 103.00 | 894,555 | 0.22 |
| PEMEX 60 6.95% | 1,000,000 | 0 | 0 | 1,000,000 | 89.11 | 891,130 | 0.21 |
| Ice 43 6.375% | 1,000,000 | 0 | 0 | 1,000,000 | 85.62 | 856,240 | 0.21 |
| Unifin Financ 29 9.875% | 0 | 1,000,000 | 0 | 1,000,000 | 84.70 | 846,950 | 0.20 |
| FS Luxembourg 25 10% 2 | 750,000 | 0 | 0 | 750,000 | 110.00 | 824,970 | 0.20 |
| ShaMaran Pete 25 12% | 0 | 800,000 | 0 | 800,000 | 100.75 | 806,000 | 0.19 |
| Ghana 51 8.95% | 0 | 1,000,000 | 0 | 1,000,000 | 80.36 | 803,600 | 0.19 |
| Mendoza Province 29 2.75% | 1,150,000 | 0 | 0 | 1,150,000 | 67.25 | 773,410 | 0.19 |
| Waldorf Prodtn 24 9.75% | 0 | 700,000 | 0 | 700,000 | 101.43 | 710,024 | 0.17 |
| Bth & Bdy Wrks 37 7.6% | 521,000 | 0 | 0 | 521,000 | 122.04 | 635,808 | 0.15 |
| Bth & Bdy Wrks 36 6.75% | 500,000 | 0 | 0 | 500,000 | 123.38 | 616,895 | 0.15 |
| Shimao Grp 27 5.2% 2 | 0 | 1,000,000 | 0 | 1,000,000 | 61.50 | 614,950 | 0.15 |
| ams-OSRAM 22 0.875% CV 2 | 600,000 | 0 | 0 | 600,000 | 98.30 | 589,794 | 0.14 |
| Kaisa Group 25 11.25% | 0 | 2,000,000 | 0 | 2,000,000 | 26.66 | 533,100 | 0.13 |
| Braskem Idesa 29 7.45% | 500,000 | 0 | 0 | 500,000 | 104.20 | 520,985 | 0.13 |
| Alsea 26 7.75% 2 | 0 | 500,000 | 0 | 500,000 | 103.33 | 516,650 | 0.12 |
| Occidental Pete 49 0% | 500,000 | 0 | 0 | 500,000 | 101.94 | 509,680 | 0.12 |
| Fantasia Holdings 23 9.25% | 0 | 2,000,000 | 0 | 2,000,000 | 24.17 | 483,300 | 0.12 |
| Grupo IDESA 26 9.375% | 629,956 | 34,720 | 0 | 664,676 | 66.85 | 444,343 | 0.11 |
| Vedanta Resourc 24 6.125% | 500,000 | 0 | 0 | 500,000 | 87.82 | 439,085 | 0.11 |
| Embarer Neth Finance 25 5.05% | 400,000 | 0 | 0 | 400,000 | 103.68 | 414,724 | 0.10 |
| Oilflow SPV 1 22 12% | 6,200,000 | 535,000 | 0 | 6,735,000 | 100.21 | 403,294 | 0.10 |
| Kaisa Group 25 9.95% | 0 | 1,500,000 | 0 | 1,500,000 | 26.70 | 400,500 | 0.10 |
| Prov. Entre Rios 28 5% | 500,000 | 18,013 | 0 | 518,013 | 69.99 | 362,552 | 0.09 |
| Ecuador 30 0.5% | 434,700 | 0 | 0 | 434,700 | 82.95 | 360,579 | 0.09 |
| JAPFA Comfeed 03/26 5.375% | 0 | 300,000 | 0 | 300,000 | 103.45 | 310,338 | 0.07 |
| Ecuador 40 0.5% | 522,100 | 0 | 0 | 522,100 | 58.51 | 305,486 | 0.07 |
| Embraer Neth 28 6.95% | 250,000 | 0 | 0 | 250,000 | 111.04 | 277,600 | 0.07 |
| Nos Oil&Gas Finance 22 8% | 1,000,000 | 0 | 0 | 1,000,000 | 27.23 | 272,330 | 0.07 |
| Kaisa Group 24 9.375% | 0 | 1,000,000 | 0 | 1,000,000 | 26.53 | 265,300 | 0.06 |
| India Air Inf 25 6.25% | 0 | 250,000 | 0 | 250,000 | 98.98 | 247,450 | 0.06 |
| Invt Ener Res 29 6.25% | 0 | 200,000 | 0 | 200,000 | 107.71 | 215,424 | 0.05 |
| Amaggi Lux Int 28 5.25% | 0 | 200,000 | 0 | 200,000 | 101.40 | 202,790 | 0.05 |
| Pr Buenos Aires 37 3.5% | 0 | 548,112 | 0 | 548,112 | 36.88 | 202,127 | 0.05 |
| MC Brazil 31 7.25% | 0 | 200,000 | 0 | 200,000 | 99.83 | 199,660 | 0.05 |
| BRF 50 5.75% | 200,000 | 0 | 0 | 200,000 | 99.58 | 199,160 | 0.05 |
| CSResources 06/31 4.625% | 0 | 200,000 | 0 | 200,000 | 95.53 | 191,050 | 0.05 |
| Argentinien 29 1% | 375,835 | 0 | 0 | 375,835 | 36.57 | 137,439 | 0.03 |
| O1 Propert Finance 21 8.25% | 1,000,000 | 0 | 0 | 1,000,000 | 11.97 | 119,690 | 0.03 |
| Ecuador 30 0% | 93,334 | 0 | 0 | 93,334 | 56.42 | 52,660 | 0.01 |
| Pr Buenos Aires 37 3.9% | 0 | 89,349 | 0 | 89,349 | 42.88 | 38,308 | 0.01 |
| Petroleos Vzla 26 6% | 500,000 | 0 | 0 | 500,000 | 4.38 | 21,875 | 0.01 |
| 361 Degrees 21 7.25% | 1,000,000 | 0 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |
| Andrade Gut 24 Temp Code | 0 | 2,500,000 | 2,500,000 | 0 | 0.00 | 0 | 0.00 |
| Bi Hai 22 6.25% | 0 | 1,000,000 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |

|  | Balance 01/01/2021 | Purchases 1 | Sales 1 | Balance 31/12/2021 | Price | Value in USD | % of NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Carnival 23 11.5% | 400,000 | 0 | 400,000 | 0 | 0.00 | 0 | 0.00 |
| Chandra Asri Pe 24 4.95% | 200,000 | 0 | 200,000 | 0 | 0.00 | 0 | 0.00 |
| DME Airport 21 5.875% | 900,000 | 0 | 900,000 | 0 | 0.00 | 0 | 0.00 |
| Ford Motor 30 9.625% | 2,000,000 | 0 | 2,000,000 | 0 | 0.00 | 0 | 0.00 |
| Ford Motor 31 7.45% | 2,000,000 | 0 | 2,000,000 | 0 | 0.00 | 0 | 0.00 |
| Frontera Energy 23 9.7% | 2,000,000 | 0 | 2,000,000 | 0 | 0.00 | 0 | 0.00 |
| General Electric 32 6.75% | 1,000,000 | 0 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |
| Global Liman 21 8.125% | 1,800,000 | 0 | 1,800,000 | 0 | 0.00 | 0 | 0.00 |
| Grupo Famsa 20 7.25% | 230,000 | 0 | 0 | 230,000 | 0.00 | 0 | 0.00 |
| HP 41 6% | 1,000,000 | 0 | 1,000,000 | 0 | 0.00 | 0 | 0.00 |
| Louis Dr Comp 23 5.25% | 200,000 | 0 | 200,000 | 0 | 0.00 | 0 | 0.00 |
| Macy's 25 8.375% | 250,000 | 0 | 250,000 | 0 | 0.00 | 0 | 0.00 |
| NMC Hlth Jersey 25 1.875% CV | 1,400,000 | 0 | 1,400,000 | 0 | 0.00 | 0 | 0.00 |
| Petra Dmnds US 22 7.25% | 3,000,000 | 0 | 3,000,000 | 0 | 0.00 | 0 | 0.00 |
| Pr Buenos Aires 35 4% | 600,000 | 0 | 600,000 | 0 | 0.00 | 0 | 0.00 |
| Ronesans Gayr 23 7.25% | 1,200,000 | 0 | 1,200,000 | 0 | 0.00 | 0 | 0.00 |
| Seagate HDD 29 3.125% | 0 | 3,000,000 | 3,000,000 | 0 | 0.00 | 0 | 0.00 |
| Tuerkei 45 6.625% | 6,000,000 | 0 | 6,000,000 | 0 | 0.00 | 0 | 0.00 |
| Total Bonds in USD |  |  |  |  | 324,861,846 | 78.23 |
| Total Bonds |  |  |  |  | 339,303,592 | 81.71 |
| Total Transferable securities, that are listed or traded on an official stock exchange | 402,972,580 | 97.04 |
| Total Transferable securities |  |  |  |  | 402,972,580 | 97.04 |
| Bank deposits |  |  |  |  |  | 2,599,170 | 0.63 |
| Derivative instruments |  |  |  |  |  | 3,005,647 | 0.72 |
| Other assets |  |  |  |  |  | 7,617,416 | 1.83 |
| Total assets |  |  |  |  | 416,194,812 | 100.22 |
| Liabilities |  |  |  |  |  | -926,537 | -0.22 |
| Net assets |  |  |  |  | 415,268,275 | 100.00 |
| 1  incl. splits, security exchanges‚ bonus shares and right allocations |  |

| Wertpapierleihe |  |
| --- | --- |
| Art der Wertpapierleihe | Principal-Geschäft |
| Kommissionen aus der Wertpapierleihe | 98,296.18 |
| Wert der ausgeliehenen Wertpapiere | 50'257'967.94 |
| Ein Anteil von 50% der Kommissionen aus der Wertpapierleihe wird von der VP Bank AG einbehalten. Wertpapiergeschäfte werden nur mit der VP Bank AG getätigt. |

2 
This position is lended to the custodian

Translation (ENDE, 2021-12-31):
# Derivative Finanzinstrumente
Am Ende der Berichtsperiode offene Devisentermingeschäfte
| Klasse |  | Betrag |  | Gegenwert | Fälligkeit | Gegenpartei | Verkehrswert in USD | % des NAV |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Kauf | USD 3'264'377 | gegen | EUR 2'810'000 | 04.02.2022 | VP Bank AG | 66'873 | 0.05 |
|  | Kauf | USD 526'876 | gegen | CHF 470'000 | 09.02.2022 | VP Bank AG | 10'622 | 0.01 |
|  | Kauf | USD 554'121 | gegen | CHF 500'000 | 09.02.2022 | VP Bank AG | 4'914 | 0.00 |
| CHF H | Kauf | CHF 100'000 | gegen | USD 108'213 | 18.03.2022 | VP Bank AG | 1'744 | 0.00 |
| CHF H | Kauf | CHF 13'170'000 | gegen | USD 14'269'617 | 18.03.2022 | VP Bank AG | 211'719 | 0.15 |
| GBP I H | Kauf | GBP 2'125'000 | gegen | USD 2'810'780 | 18.03.2022 | VP Bank AG | 66'979 | 0.05 |
| EUR I H | Kauf | EUR 28'065'000 | gegen | USD 31'679'491 | 18.03.2022 | VP Bank AG | 287'487 | 0.20 |
| CHF I H | Kauf | CHF 29'665'000 | gegen | USD 32'141'851 | 18.03.2022 | VP Bank AG | 476'889 | 0.33 |
| EUR H | Kauf | EUR 9'010'000 | gegen | USD 10'170'398 | 18.03.2022 | VP Bank AG | 92'295 | 0.06 |
| EUR H | Kauf | EUR 285'000 | gegen | USD 323'304 | 18.03.2022 | VP Bank AG | 1'321 | 0.00 |
| CHF H | Kauf | CHF 25'000 | gegen | USD 27'206 | 18.03.2022 | VP Bank AG | 283 | 0.00 |
| CHF H | Kauf | CHF 140'000 | gegen | USD 152'356 | 18.03.2022 | VP Bank AG | 1'584 | 0.00 |

Volumen über offene Kontrakte in derivativen Finanzinstrumenten
| Devisentermin long | USD | 82'409 |
| --- | --- | --- |
| Devisentermin short | USD | 1'140'299 |

| Total aus Derivategeschäften gebundene Mittel / Basiswerte in USD: | 1'222'708 |
| --- | --- |

Während der Berichtsperiode getätigte Devisentermingeschäfte
| Devisentermingeschäft | Termin |
| --- | --- |
| Kauf CHF 400'000 gegen USD 453'721 | 18.03.2021 |
| Kauf EUR 45'000 gegen USD 54'743 | 18.03.2021 |
| Kauf CHF 210'000 gegen USD 233'697 | 18.03.2021 |
| Kauf CHF 800'000 gegen USD 859'938 | 18.03.2021 |
| Kauf USD 8'267'674 gegen CHF 7'660'000 | 18.03.2021 |
| Kauf CHF 75'000 gegen USD 84'746 | 18.03.2021 |
| Kauf USD 6'292'455 gegen EUR 5'290'000 | 18.03.2021 |
| Kauf USD 10'669'815 gegen EUR 8'970'000 | 18.03.2021 |
| Kauf EUR 445'000 gegen USD 539'963 | 18.03.2021 |
| Kauf CHF 80'000 gegen USD 89'246 | 18.03.2021 |
| Kauf CHF 40'000 gegen USD 44'964 | 18.03.2021 |
| Kauf CHF 300'000 gegen USD 337'268 | 18.03.2021 |
| Kauf EUR 30'000 gegen USD 36'066 | 18.03.2021 |
| Kauf EUR 50'000 gegen USD 60'695 | 18.03.2021 |
| Kauf CHF 150'000 gegen USD 168'843 | 18.03.2021 |
| Kauf CHF 100'000 gegen USD 112'045 | 18.03.2021 |
| Kauf USD 42'375 gegen EUR 35'000 | 18.03.2021 |
| Kauf CHF 100'000 gegen USD 112'423 | 18.03.2021 |
| Kauf CHF 80'000 gegen USD 89'246 | 18.03.2021 |

| Kauf EUR 145'000 gegen USD 172'333 | 18.03.2021 |
| --- | --- |
| Kauf CHF 60'000 gegen USD 67'514 | 18.03.2021 |
| Kauf EUR 160'000 gegen USD 191'851 | 18.03.2021 |
| Kauf EUR 50'000 gegen USD 59'425 | 18.03.2021 |
| Kauf CHF 75'000 gegen USD 83'547 | 18.03.2021 |
| Kauf CHF 180'000 gegen USD 202'771 | 18.03.2021 |
| Kauf EUR 250'000 gegen USD 301'400 | 18.03.2021 |
| Kauf EUR 110'000 gegen USD 135'267 | 18.03.2021 |
| Kauf CHF 663'000 gegen USD 738'554 | 18.03.2021 |
| Kauf CHF 50'000 gegen USD 56'281 | 18.03.2021 |
| Kauf CHF 115'000 gegen USD 128'549 | 18.03.2021 |
| Kauf USD 14'533'189 gegen CHF 13'465'000 | 18.03.2021 |
| Kauf EUR 50'000 gegen USD 60'205 | 18.03.2021 |
| Kauf USD 30'463 gegen EUR 25'000 | 18.03.2021 |
| Kauf EUR 90'000 gegen USD 110'448 | 18.03.2021 |
| Kauf USD 850'955 gegen EUR 700'000 | 04.05.2021 |
| Kauf USD 896'724 gegen EUR 760'000 | 04.05.2021 |
| Kauf USD 763'106 gegen EUR 630'000 | 04.05.2021 |
| Kauf CHF 75'000 gegen USD 80'060 | 18.06.2021 |
| Kauf EUR 8'980'000 gegen USD 10'704'789 | 18.06.2021 |
| Kauf CHF 375'000 gegen USD 415'835 | 18.06.2021 |
| Kauf USD 8'164'841 gegen EUR 6'735'000 | 18.06.2021 |
| Kauf EUR 75'000 gegen USD 90'623 | 18.06.2021 |
| Kauf EUR 30'000 gegen USD 35'742 | 18.06.2021 |
| Kauf EUR 160'000 gegen USD 192'992 | 18.06.2021 |
| Kauf EUR 40'000 gegen USD 48'904 | 18.06.2021 |
| Kauf EUR 5'310'000 gegen USD 6'329'892 | 18.06.2021 |
| Kauf EUR 370'000 gegen USD 448'551 | 18.06.2021 |
| Kauf CHF 75'000 gegen USD 83'547 | 18.06.2021 |
| Kauf CHF 20'000 gegen USD 22'210 | 18.06.2021 |
| Kauf CHF 25'000 gegen USD 27'914 | 18.06.2021 |
| Kauf EUR 260'000 gegen USD 317'434 | 18.06.2021 |
| Kauf CHF 235'000 gegen USD 258'953 | 18.06.2021 |
| Kauf CHF 70'000 gegen USD 78'125 | 18.06.2021 |
| Kauf USD 598'604 gegen EUR 495'000 | 18.06.2021 |
| Kauf USD 18'295'126 gegen CHF 16'440'000 | 18.06.2021 |
| Kauf CHF 75'000 gegen USD 82'048 | 18.06.2021 |
| Kauf EUR 60'000 gegen USD 72'090 | 18.06.2021 |
| Kauf EUR 130'000 gegen USD 153'322 | 18.06.2021 |
| Kauf CHF 35'000 gegen USD 38'971 | 18.06.2021 |
| Kauf EUR 45'000 gegen USD 55'125 | 18.06.2021 |
| Kauf CHF 13'500'000 gegen USD 14'612'287 | 18.06.2021 |
| Kauf EUR 1'850'000 gegen USD 2'266'065 | 18.06.2021 |
| Kauf CHF 60'000 gegen USD 66'771 | 18.06.2021 |
| Kauf CHF 60'000 gegen USD 66'667 | 18.06.2021 |
| Kauf CHF 7'770'000 gegen USD 8'410'183 | 18.06.2021 |
| Kauf USD 27'861 gegen CHF 25'000 | 18.06.2021 |
| Kauf EUR 55'000 gegen USD 66'673 | 18.06.2021 |
| Kauf CHF 80'000 gegen USD 87'710 | 18.06.2021 |
| Kauf EUR 100'000 gegen USD 117'940 | 18.06.2021 |
| Kauf EUR 65'000 gegen USD 77'441 | 18.06.2021 |
| Kauf CHF 370'000 gegen USD 410'154 | 18.06.2021 |
| Kauf CHF 70'000 gegen USD 76'578 | 18.06.2021 |
| Kauf EUR 95'000 gegen USD 113'316 | 18.06.2021 |
| Kauf USD 9'453'594 gegen CHF 8'495'000 | 18.06.2021 |
| Kauf CHF 340'000 gegen USD 368'005 | 18.06.2021 |

| Kauf USD 13'808'097 gegen EUR 11'390'000 | 18.06.2021 |
| --- | --- |
| Kauf CHF 40'000 gegen USD 44'703 | 18.06.2021 |
| Kauf CHF 45'000 gegen USD 49'337 | 18.06.2021 |
| Kauf EUR 565'000 gegen USD 675'345 | 18.06.2021 |
| Kauf CHF 145'000 gegen USD 157'506 | 18.06.2021 |
| Kauf CHF 195'000 gegen USD 216'546 | 18.06.2021 |
| Kauf EUR 70'000 gegen USD 84'245 | 18.06.2021 |
| Kauf EUR 100'000 gegen USD 121'223 | 18.06.2021 |
| Kauf EUR 160'000 gegen USD 194'256 | 18.06.2021 |
| Kauf CHF 1'155'000 gegen USD 1'289'322 | 18.06.2021 |
| Kauf EUR 100'000 gegen USD 121'680 | 18.06.2021 |
| Kauf CHF 145'000 gegen USD 160'581 | 18.06.2021 |
| Kauf USD 2'546'439 gegen EUR 2'100'000 | 04.08.2021 |
| Kauf USD 120'324 gegen CHF 110'000 | 09.09.2021 |
| Kauf USD 697 gegen CHF 639 | 09.09.2021 |
| Kauf CHF 130'000 gegen USD 142'170 | 17.09.2021 |
| Kauf EUR 80'000 gegen USD 95'560 | 17.09.2021 |
| Kauf CHF 360'000 gegen USD 392'029 | 17.09.2021 |
| Kauf EUR 190'000 gegen USD 224'922 | 17.09.2021 |
| Kauf CHF 2'650'000 gegen USD 2'903'791 | 17.09.2021 |
| Kauf EUR 185'000 gegen USD 220'983 | 17.09.2021 |
| Kauf GBP 500'000 gegen USD 692'350 | 17.09.2021 |
| Kauf EUR 30'000 gegen USD 35'535 | 17.09.2021 |
| Kauf CHF 60'000 gegen USD 65'826 | 17.09.2021 |
| Kauf GBP 25'000 gegen USD 34'480 | 17.09.2021 |
| Kauf EUR 100'000 gegen USD 117'230 | 17.09.2021 |
| Kauf CHF 15'000 gegen USD 16'442 | 17.09.2021 |
| Kauf EUR 90'000 gegen USD 106'488 | 17.09.2021 |
| Kauf EUR 303'000 gegen USD 356'752 | 17.09.2021 |
| Kauf CHF 150'000 gegen USD 163'470 | 17.09.2021 |
| Kauf CHF 120'000 gegen USD 130'605 | 17.09.2021 |
| Kauf EUR 50'000 gegen USD 59'095 | 17.09.2021 |
| Kauf EUR 11'615'000 gegen USD 14'108'160 | 17.09.2021 |
| Kauf CHF 105'000 gegen USD 114'754 | 17.09.2021 |
| Kauf CHF 130'000 gegen USD 141'798 | 17.09.2021 |
| Kauf EUR 97'000 gegen USD 114'819 | 17.09.2021 |
| Kauf USD 34'947'896 gegen EUR 29'570'000 | 17.09.2021 |
| Kauf EUR 9'000'000 gegen USD 10'701'900 | 17.09.2021 |
| Kauf CHF 65'000 gegen USD 71'397 | 17.09.2021 |
| Kauf CHF 35'000 gegen USD 37'932 | 17.09.2021 |
| Kauf EUR 60'000 gegen USD 71'274 | 17.09.2021 |
| Kauf EUR 40'000 gegen USD 47'260 | 17.09.2021 |
| Kauf EUR 150'000 gegen USD 179'175 | 17.09.2021 |
| Kauf CHF 415'000 gegen USD 459'477 | 17.09.2021 |
| Kauf EUR 35'000 gegen USD 41'118 | 17.09.2021 |
| Kauf CHF 70'000 gegen USD 77'502 | 17.09.2021 |
| Kauf EUR 545'000 gegen USD 640'757 | 17.09.2021 |
| Kauf EUR 60'000 gegen USD 71'094 | 17.09.2021 |
| Kauf CHF 10'000 gegen USD 10'862 | 17.09.2021 |
| Kauf EUR 6'845'000 gegen USD 8'314'279 | 17.09.2021 |
| Kauf EUR 105'000 gegen USD 127'470 | 17.09.2021 |
| Kauf USD 155'584 gegen EUR 130'000 | 17.09.2021 |
| Kauf GBP 1'207'000 gegen USD 1'673'964 | 17.09.2021 |
| Kauf CHF 220'000 gegen USD 240'437 | 17.09.2021 |
| Kauf CHF 350'000 gegen USD 381'471 | 17.09.2021 |
| Kauf CHF 144'000 gegen USD 157'670 | 17.09.2021 |

| Kauf EUR 30'000 gegen USD 35'214 | 17.09.2021 |
| --- | --- |
| Kauf CHF 30'000 gegen USD 32'855 | 17.09.2021 |
| Kauf CHF 50'000 gegen USD 54'538 | 17.09.2021 |
| Kauf CHF 25'000 gegen USD 27'239 | 17.09.2021 |
| Kauf EUR 30'000 gegen USD 35'244 | 17.09.2021 |
| Kauf CHF 745'000 gegen USD 814'831 | 17.09.2021 |
| Kauf EUR 145'000 gegen USD 171'376 | 17.09.2021 |
| Kauf CHF 250'000 gegen USD 276'030 | 17.09.2021 |
| Kauf EUR 290'000 gegen USD 345'970 | 17.09.2021 |
| Kauf CHF 170'000 gegen USD 186'138 | 17.09.2021 |
| Kauf EUR 60'000 gegen USD 70'128 | 17.09.2021 |
| Kauf USD 9'200'858 gegen EUR 7'785'000 | 17.09.2021 |
| Kauf CHF 110'000 gegen USD 120'442 | 17.09.2021 |
| Kauf EUR 160'000 gegen USD 189'392 | 17.09.2021 |
| Kauf CHF 40'000 gegen USD 43'745 | 17.09.2021 |
| Kauf CHF 155'000 gegen USD 167'785 | 17.09.2021 |
| Kauf CHF 80'000 gegen USD 86'787 | 17.09.2021 |
| Kauf USD 29'485'687 gegen CHF 27'100'000 | 17.09.2021 |
| Kauf CHF 80'000 gegen USD 87'604 | 17.09.2021 |
| Kauf CHF 230'000 gegen USD 250'463 | 17.09.2021 |
| Kauf CHF 56'000 gegen USD 61'283 | 17.09.2021 |
| Kauf EUR 100'000 gegen USD 118'930 | 17.09.2021 |
| Kauf EUR 65'000 gegen USD 76'759 | 17.09.2021 |
| Kauf CHF 50'000 gegen USD 54'855 | 17.09.2021 |
| Kauf CHF 180'000 gegen USD 200'691 | 17.09.2021 |
| Kauf CHF 75'000 gegen USD 81'762 | 17.09.2021 |
| Kauf EUR 40'000 gegen USD 47'844 | 17.09.2021 |
| Kauf EUR 40'000 gegen USD 46'752 | 17.09.2021 |
| Kauf USD 10'553'917 gegen CHF 9'700'000 | 17.09.2021 |
| Kauf CHF 16'855'000 gegen USD 18'805'297 | 17.09.2021 |
| Kauf CHF 520'000 gegen USD 568'741 | 17.09.2021 |
| Kauf CHF 50'000 gegen USD 54'496 | 17.09.2021 |
| Kauf CHF 55'000 gegen USD 60'228 | 17.09.2021 |
| Kauf EUR 140'000 gegen USD 164'861 | 17.09.2021 |
| Kauf USD 2'479'770 gegen GBP 1'792'000 | 17.09.2021 |
| Kauf USD 59'300 gegen EUR 50'000 | 17.09.2021 |
| Kauf USD 6'934 gegen GBP 5'000 | 17.09.2021 |
| Kauf CHF 100'000 gegen USD 108'743 | 17.09.2021 |
| Kauf EUR 35'000 gegen USD 41'500 | 17.09.2021 |
| Kauf CHF 270'000 gegen USD 294'374 | 17.09.2021 |
| Kauf EUR 185'000 gegen USD 221'427 | 17.09.2021 |
| Kauf EUR 1'005'000 gegen USD 1'193'036 | 17.09.2021 |
| Kauf GBP 65'000 gegen USD 88'504 | 17.09.2021 |
| Kauf CHF 55'000 gegen USD 59'809 | 17.09.2021 |
| Kauf EUR 45'000 gegen USD 53'100 | 17.09.2021 |
| Kauf EUR 195'000 gegen USD 231'485 | 17.09.2021 |
| Kauf EUR 1'390'000 gegen USD 1'688'364 | 17.09.2021 |
| Kauf CHF 115'000 gegen USD 127'058 | 17.09.2021 |
| Kauf CHF 2'730'000 gegen USD 3'043'818 | 17.09.2021 |
| Kauf CHF 30'000 gegen USD 32'708 | 17.09.2021 |
| Kauf EUR 4'000'000 gegen USD 4'727'480 | 17.09.2021 |
| Kauf CHF 75'000 gegen USD 81'646 | 17.09.2021 |
| Kauf CHF 8'590'000 gegen USD 9'583'952 | 17.09.2021 |
| Kauf USD 115 gegen EUR 99 | 02.11.2021 |
| Kauf USD 26'150 gegen CHF 24'000 | 02.11.2021 |
| Kauf USD 803 gegen CHF 735 | 02.11.2021 |

| Kauf USD 584'024 gegen CHF 536'000 | 02.11.2021 |
| --- | --- |
| Kauf USD 336'217 gegen EUR 290'000 | 02.11.2021 |
| Kauf USD 60'191 gegen CHF 55'000 | 03.11.2021 |
| Kauf CHF 1'290 gegen USD 1'416 | 03.11.2021 |
| Kauf USD 986'725 gegen EUR 830'000 | 04.11.2021 |
| Kauf EUR 520'000 gegen USD 613'361 | 04.11.2021 |
| Kauf USD 2'974'100 gegen EUR 2'500'000 | 04.11.2021 |
| Kauf EUR 21'488 gegen USD 24'273 | 09.12.2021 |
| Kauf USD 52'549 gegen CHF 48'477 | 09.12.2021 |
| Kauf EUR 10'749 gegen USD 12'120 | 10.12.2021 |
| Kauf USD 2'796'030 gegen GBP 2'115'000 | 17.12.2021 |
| Kauf USD 21'468 gegen CHF 20'000 | 17.12.2021 |
| Kauf GBP 25'000 gegen USD 34'020 | 17.12.2021 |
| Kauf GBP 10'000 gegen USD 13'768 | 17.12.2021 |
| Kauf EUR 90'000 gegen USD 104'328 | 17.12.2021 |
| Kauf CHF 330'000 gegen USD 359'360 | 17.12.2021 |
| Kauf CHF 536'000 gegen USD 584'834 | 17.12.2021 |
| Kauf EUR 60'000 gegen USD 69'564 | 17.12.2021 |
| Kauf CHF 20'000 gegen USD 21'920 | 17.12.2021 |
| Kauf CHF 100'000 gegen USD 109'745 | 17.12.2021 |
| Kauf EUR 130'000 gegen USD 150'605 | 17.12.2021 |
| Kauf CHF 335'000 gegen USD 362'201 | 17.12.2021 |
| Kauf CHF 24'000 gegen USD 26'187 | 17.12.2021 |
| Kauf EUR 290'000 gegen USD 336'574 | 17.12.2021 |
| Kauf CHF 220'000 gegen USD 237'171 | 17.12.2021 |
| Kauf GBP 30'000 gegen USD 40'605 | 17.12.2021 |
| Kauf EUR 500'000 gegen USD 587'600 | 17.12.2021 |
| Kauf EUR 55'000 gegen USD 64'581 | 17.12.2021 |
| Kauf CHF 95'000 gegen USD 102'714 | 17.12.2021 |
| Kauf CHF 110'000 gegen USD 118'675 | 17.12.2021 |
| Kauf USD 13'450'324 gegen CHF 12'455'000 | 17.12.2021 |
| Kauf EUR 355'000 gegen USD 401'363 | 17.12.2021 |
| Kauf CHF 30'000 gegen USD 32'531 | 17.12.2021 |
| Kauf EUR 140'000 gegen USD 162'288 | 17.12.2021 |
| Kauf CHF 55'000 gegen USD 59'434 | 17.12.2021 |
| Kauf GBP 40'000 gegen USD 53'480 | 17.12.2021 |
| Kauf CHF 195'000 gegen USD 211'749 | 17.12.2021 |
| Kauf EUR 235'000 gegen USD 269'146 | 17.12.2021 |
| Kauf CHF 27'390'000 gegen USD 29'875'654 | 17.12.2021 |
| Kauf CHF 15'000 gegen USD 16'361 | 17.12.2021 |
| Kauf EUR 55'000 gegen USD 62'992 | 17.12.2021 |
| Kauf USD 4'621'297 gegen EUR 3'980'000 | 17.12.2021 |
| Kauf CHF 165'000 gegen USD 178'687 | 17.12.2021 |
| Kauf USD 10'132'200 gegen EUR 9'000'000 | 17.12.2021 |
| Kauf CHF 860'000 gegen USD 942'776 | 17.12.2021 |
| Kauf CHF 602'000 gegen USD 655'331 | 17.12.2021 |
| Kauf EUR 290'000 gegen USD 328'280 | 17.12.2021 |
| Kauf CHF 555'000 gegen USD 595'813 | 17.12.2021 |
| Kauf CHF 70'000 gegen USD 76'461 | 17.12.2021 |
| Kauf GBP 1'790'000 gegen USD 2'477'700 | 17.12.2021 |
| Kauf GBP 120'000 gegen USD 165'240 | 17.12.2021 |
| Kauf CHF 50'000 gegen USD 53'996 | 17.12.2021 |
| Kauf CHF 10'000 gegen USD 10'851 | 17.12.2021 |
| Kauf EUR 30'000 gegen USD 34'011 | 17.12.2021 |
| Kauf CHF 9'765'000 gegen USD 10'651'178 | 17.12.2021 |
| Kauf EUR 235'000 gegen USD 271'519 | 17.12.2021 |

| Kauf CHF 106'000 gegen USD 115'017 | 17.12.2021 |
| --- | --- |
| Kauf EUR 220'000 gegen USD 254'364 | 17.12.2021 |
| Kauf CHF 70'000 gegen USD 76'228 | 17.12.2021 |
| Kauf USD 31'556'174 gegen EUR 28'030'000 | 17.12.2021 |
| Kauf CHF 60'000 gegen USD 64'844 | 17.12.2021 |
| Kauf CHF 110'000 gegen USD 119'371 | 17.12.2021 |
| Kauf CHF 55'000 gegen USD 60'274 | 17.12.2021 |
| Kauf GBP 100'000 gegen USD 132'300 | 17.12.2021 |
| Kauf CHF 40'000 gegen USD 43'122 | 17.12.2021 |
| Kauf EUR 70'000 gegen USD 82'117 | 17.12.2021 |
| Kauf USD 44'996 gegen EUR 40'000 | 17.12.2021 |
| Kauf EUR 50'000 gegen USD 58'200 | 17.12.2021 |
| Kauf EUR 105'000 gegen USD 121'706 | 17.12.2021 |
| Kauf USD 63'811 gegen EUR 55'000 | 17.12.2021 |
| Kauf CHF 75'000 gegen USD 81'610 | 17.12.2021 |
| Kauf USD 31'943'844 gegen CHF 29'580'000 | 17.12.2021 |
| Kauf USD 133'360 gegen GBP 100'000 | 17.12.2021 |
| Kauf CHF 105'000 gegen USD 114'019 | 17.12.2021 |
| Kauf EUR 485'000 gegen USD 571'427 | 17.12.2021 |
| Kauf GBP 15'000 gegen USD 20'325 | 17.12.2021 |
| Kauf USD 59'200 gegen EUR 50'000 | 17.12.2021 |
| Kauf GBP 40'000 gegen USD 54'836 | 17.12.2021 |
| Kauf USD 11'319 gegen EUR 10'000 | 17.12.2021 |
| Kauf EUR 35'000 gegen USD 39'410 | 17.12.2021 |
| Kauf USD 237'581 gegen CHF 220'000 | 17.12.2021 |
| Kauf EUR 145'000 gegen USD 168'273 | 17.12.2021 |
| Kauf EUR 7'820'000 gegen USD 9'260'366 | 17.12.2021 |
| Kauf USD 290'461 gegen CHF 268'000 | 17.12.2021 |
| Kauf CHF 15'000 gegen USD 16'267 | 17.12.2021 |
| Kauf GBP 45'000 gegen USD 59'540 | 17.12.2021 |
| Kauf CHF 240'000 gegen USD 260'728 | 17.12.2021 |
| Kauf CHF 85'000 gegen USD 91'467 | 17.12.2021 |
| Kauf CHF 50'000 gegen USD 54'657 | 17.12.2021 |
| Kauf EUR 29'750'000 gegen USD 35'229'653 | 17.12.2021 |
| Kauf EUR 20'000 gegen USD 22'540 | 17.12.2021 |
| Kauf EUR 5'379 gegen USD 6'072 | 27.12.2021 |
| Kauf USD 151'956 gegen CHF 140'000 | 28.12.2021 |
| Kauf USD 322'634 gegen EUR 285'000 | 28.12.2021 |

| Green Tech ESG Equity Fund | (in EUR) |
| --- | --- |
| Bankguthaben |  |
| Bankguthaben auf Sicht | 1'003'951.91 |
| Wertpapiere |  |
| Aktien | 32'903'142.98 |
| Derivative Finanzinstrumente |  |
| Derivate | 77'306.67 |
| Sonstige Vermögenswerte |  |
| Forderungen aus Dividenden | 368.10 |
| Gesamtvermögen | 33'984'769.66 |
| Verbindlichkeiten | -132'922.00 |
| Bankverbindlichkeiten auf Sicht | -7'900.38 |
| Gesamtverbindlichkeiten | -140'822.38 |
| Nettovermögen | 33'843'947.28 |
| - davon Anteilklasse CHF I H | 5'606'808.87 |
| - davon Anteilklasse CHF R H | 8'073'961.71 |
| - davon Anteilklasse EUR I | 7'578'200.74 |
| - davon Anteilklasse EUR R | 3'637'265.58 |
| - davon Anteilklasse USD I | 4'175'253.48 |
| - davon Anteilklasse USD R | 4'772'456.90 |
| Anteile im Umlauf |  |
| Anteilklasse CHF I H | 4'959.000 |
| Anteilklasse CHF R H | 71'653.590 |
| Anteilklasse EUR I | 6'436.662 |
| Anteilklasse EUR R | 31'006.715 |
| Anteilklasse USD I | 4'179.000 |
| Anteilklasse USD R | 47'937.553 |
| Nettoinventarwert pro Anteil |  |
| Anteilklasse CHF I H | CHF 1'171.56 |
| Anteilklasse CHF R H | CHF 116.76 |
| Anteilklasse EUR I | EUR 1'177.35 |
| Anteilklasse EUR R | EUR 117.31 |
| Anteilklasse USD I | USD 1'136.16 |
| Anteilklasse USD R | USD 113.21 |

Green Tech ESG Equity Fund Vermögensrechnung per 31.12.2021

## Erfolgsrechnung vom 01.01.2021 bis 31.12.2021
| Green Tech ESG Equity Fund | (in EUR) |
| --- | --- |
| Erträge der Geldmarktinstrumente | 3'921.71 |
| - davon Anteilklasse CHF I H | 589.24 |
| - davon Anteilklasse CHF R H | 959.68 |
| - davon Anteilklasse EUR I | 783.25 |
| - davon Anteilklasse EUR R | 477.84 |
| - davon Anteilklasse USD I | 513.91 |
| - davon Anteilklasse USD R | 597.79 |
| Erträge der Wertpapiere |  |
| Aktien | 249'405.57 |
| - davon Anteilklasse CHF I H | 38'106.01 |
| - davon Anteilklasse CHF R H | 59'209.49 |
| - davon Anteilklasse EUR I | 50'657.96 |
| - davon Anteilklasse EUR R | 30'484.09 |
| - davon Anteilklasse USD I | 32'622.94 |
| - davon Anteilklasse USD R | 38'325.08 |
| Sonstige Erträge | 240.32 |
| - davon Anteilklasse CHF I H | 35.82 |
| - davon Anteilklasse CHF R H | 58.67 |
| - davon Anteilklasse EUR I | 48.53 |
| - davon Anteilklasse EUR R | 29.70 |
| - davon Anteilklasse USD I | 31.03 |
| - davon Anteilklasse USD R | 36.57 |
| Einkauf in laufende Erträge bei der Ausgabe von Anteilen | -16'733.55 |
| - davon Anteilklasse CHF I H | -2'429.07 |
| - davon Anteilklasse CHF R H | -5'270.22 |
| - davon Anteilklasse EUR I | -5'049.21 |
| - davon Anteilklasse EUR R | -1'334.06 |
| - davon Anteilklasse USD I | -1'054.42 |
| - davon Anteilklasse USD R | -1'596.57 |
| Total Erträge | 236'834.05 |
| - davon Anteilklasse CHF I H | 36'302.00 |
| - davon Anteilklasse CHF R H | 54'957.62 |
| - davon Anteilklasse EUR I | 46'440.53 |
| - davon Anteilklasse EUR R | 29'657.57 |
| - davon Anteilklasse USD I | 32'113.46 |
| - davon Anteilklasse USD R | 37'362.87 |

| Passivzinsen | 5'535.43 |
| --- | --- |
| - davon Anteilklasse CHF I H | 816.61 |
| - davon Anteilklasse CHF R H | 1'369.70 |
| - davon Anteilklasse EUR I | 1'096.80 |
| - davon Anteilklasse EUR R | 676.43 |
| - davon Anteilklasse USD I | 730.02 |
| - davon Anteilklasse USD R | 845.87 |
| Reglementarische Vergütung |  |
| an die Verwaltungsgesellschaft | 364'200.66 |
| - davon Anteilklasse CHF I H | 49'536.44 |
| - davon Anteilklasse CHF R H | 97'594.13 |
| - davon Anteilklasse EUR I | 64'385.97 |
| - davon Anteilklasse EUR R | 48'622.86 |
| - davon Anteilklasse USD I | 41'692.31 |
| - davon Anteilklasse USD R | 62'368.95 |
| an die Verwahrstelle | 8'874.49 |
| - davon Anteilklasse CHF I H | 1'363.39 |
| - davon Anteilklasse CHF R H | 2'106.40 |
| - davon Anteilklasse EUR I | 1'805.30 |
| - davon Anteilklasse EUR R | 1'064.69 |
| - davon Anteilklasse USD I | 1'168.95 |
| - davon Anteilklasse USD R | 1'365.76 |

| Aufwand für Wirtschaftsprüfer | 16'406.11 |
| --- | --- |
| - davon Anteilklasse CHF I H | 2'538.28 |
| - davon Anteilklasse CHF R H | 3'879.01 |
| - davon Anteilklasse EUR I | 3'351.62 |
| - davon Anteilklasse EUR R | 1'981.41 |
| - davon Anteilklasse USD I | 2'146.44 |
| - davon Anteilklasse USD R | 2'509.35 |
| Sonstige Aufwendungen und Gebühren | 35'151.13 |
| - davon Anteilklasse CHF I H | 5'401.16 |
| - davon Anteilklasse CHF R H | 8'277.01 |
| - davon Anteilklasse EUR I | 7'264.36 |
| - davon Anteilklasse EUR R | 4'250.33 |
| - davon Anteilklasse USD I | 4'592.87 |
| - davon Anteilklasse USD R | 5'365.40 |
| Ausrichtung laufender Nettoerträge bei der Rücknahme von Anteilen | -5'439.32 |
| - davon Anteilklasse CHF I H | -79.18 |
| - davon Anteilklasse CHF R H | -2'089.33 |
| - davon Anteilklasse EUR I | -536.74 |
| - davon Anteilklasse EUR R | -1'514.99 |
| - davon Anteilklasse USD I | -483.23 |
| - davon Anteilklasse USD R | -735.85 |
| Total Aufwendungen | 424'728.50 |
| - davon Anteilklasse CHF I H | 59'576.70 |
| - davon Anteilklasse CHF R H | 111'136.92 |
| - davon Anteilklasse EUR I | 77'367.31 |
| - davon Anteilklasse EUR R | 55'080.73 |
| - davon Anteilklasse USD I | 49'847.36 |
| - davon Anteilklasse USD R | 71'719.48 |
| Nettoerfolg | -187'894.45 |
| - davon Anteilklasse CHF I H | -23'274.70 |
| - davon Anteilklasse CHF R H | -56'179.30 |
| - davon Anteilklasse EUR I | -30'926.78 |
| - davon Anteilklasse EUR R | -25'423.16 |
| - davon Anteilklasse USD I | -17'733.90 |
| - davon Anteilklasse USD R | -34'356.61 |

| Realisierte Kapitalgewinne/-verluste | 2'282'077.95 |
| --- | --- |
| - davon Anteilklasse CHF I H | 487'324.48 |
| - davon Anteilklasse CHF R H | 625'370.74 |
| - davon Anteilklasse EUR I | 374'004.15 |
| - davon Anteilklasse EUR R | 226'027.14 |
| - davon Anteilklasse USD I | 267'095.58 |
| - davon Anteilklasse USD R | 302'255.86 |
| Realisierter Erfolg | 2'094'183.50 |
| - davon Anteilklasse CHF I H | 464'049.78 |
| - davon Anteilklasse CHF R H | 569'191.44 |
| - davon Anteilklasse EUR I | 343'077.37 |
| - davon Anteilklasse EUR R | 200'603.98 |
| - davon Anteilklasse USD I | 249'361.68 |
| - davon Anteilklasse USD R | 267'899.25 |
| Veränderung der nicht realisierten Kapitalgewinne/-verluste seit letztem Geschäftsjahresende | 402'100.15 |
| - davon Anteilklasse CHF I H | 95'859.18 |
| - davon Anteilklasse CHF R H | 70'795.67 |
| - davon Anteilklasse EUR I | 77'800.53 |
| - davon Anteilklasse EUR R | 66'424.86 |
| - davon Anteilklasse USD I | 2'602.79 |
| - davon Anteilklasse USD R | 88'617.12 |
| Gesamterfolg | 2'496'283.65 |
| - davon Anteilklasse CHF I H | 559'908.96 |
| - davon Anteilklasse CHF R H | 639'987.11 |
| - davon Anteilklasse EUR I | 420'877.90 |
| - davon Anteilklasse EUR R | 267'028.84 |
| - davon Anteilklasse USD I | 251'964.47 |
| - davon Anteilklasse USD R | 356'516.37 |


## Verwendung des Erfolgs
| Green Tech ESG Equity Fund | (in EUR) |
| --- | --- |
| Nettoertrag des Rechnungsjahres | -187'894.45 |
| - davon Anteilklasse CHF I H | -23'274.70 |
| - davon Anteilklasse CHF R H | -56'179.30 |
| - davon Anteilklasse EUR I | -30'926.78 |
| - davon Anteilklasse EUR R | -25'423.16 |
| - davon Anteilklasse USD I | -17'733.90 |
| - davon Anteilklasse USD R | -34'356.61 |
| Zur Ausschüttung bestimmte Kapitalgewinne früherer Rechnungsjahre | 0.00 |
| - davon Anteilklasse CHF I H | 0.00 |
| - davon Anteilklasse CHF R H | 0.00 |
| - davon Anteilklasse EUR I | 0.00 |
| - davon Anteilklasse EUR R | 0.00 |
| - davon Anteilklasse USD I | 0.00 |
| - davon Anteilklasse USD R | 0.00 |
| Zur Ausschüttung bestimmte Kapitalgewinne des Rechnungsjahres | 0.00 |
| - davon Anteilklasse CHF I H | 0.00 |
| - davon Anteilklasse CHF R H | 0.00 |
| - davon Anteilklasse EUR I | 0.00 |
| - davon Anteilklasse EUR R | 0.00 |
| - davon Anteilklasse USD I | 0.00 |
| - davon Anteilklasse USD R | 0.00 |
| Vortrag des Vorjahres | 0.00 |
| - davon Anteilklasse CHF I H | 0.00 |
| - davon Anteilklasse CHF R H | 0.00 |
| - davon Anteilklasse EUR I | 0.00 |
| - davon Anteilklasse EUR R | 0.00 |
| - davon Anteilklasse USD I | 0.00 |
| - davon Anteilklasse USD R | 0.00 |
| Zur Verteilung verfügbarer Erfolg | -187'894.45 |
| - davon Anteilklasse CHF I H | -23'274.70 |
| - davon Anteilklasse CHF R H | -56'179.30 |
| - davon Anteilklasse EUR I | -30'926.78 |
| - davon Anteilklasse EUR R | -25'423.16 |
| - davon Anteilklasse USD I | -17'733.90 |
| - davon Anteilklasse USD R | -34'356.61 |

| Zur Ausschüttung an die Anleger vorgesehener Nettoertrag | 0.00 |
| --- | --- |
| - davon Anteilklasse CHF I H | 0.00 |
| - davon Anteilklasse CHF R H | 0.00 |
| - davon Anteilklasse EUR I | 0.00 |
| - davon Anteilklasse EUR R | 0.00 |
| - davon Anteilklasse USD I | 0.00 |
| - davon Anteilklasse USD R | 0.00 |
| Zur Wiederanlage zurückbehaltener Erfolg | -187'894.45 |
| - davon Anteilklasse CHF I H | -23'274.70 |
| - davon Anteilklasse CHF R H | -56'179.30 |
| - davon Anteilklasse EUR I | -30'926.78 |
| - davon Anteilklasse EUR R | -25'423.16 |
| - davon Anteilklasse USD I | -17'733.90 |
| - davon Anteilklasse USD R | -34'356.61 |
| Vortrag auf neue Rechnung | 0.00 |
| - davon Anteilklasse CHF I H | 0.00 |
| - davon Anteilklasse CHF R H | 0.00 |
| - davon Anteilklasse EUR I | 0.00 |
| - davon Anteilklasse EUR R | 0.00 |
| - davon Anteilklasse USD I | 0.00 |
| - davon Anteilklasse USD R | 0.00 |

- 
## Jahres-Vergleich

| Green Tech ESG Equity Fund | (in EUR) |
| --- | --- |
| Nettovermögen |  |
| 31.12.2020 | 20'901'656.99 |
| - Anteilklasse CHF I H* | 4'069'001.62 |
| - Anteilklasse CHF R H* | 3'199'853.08 |
| - Anteilklasse EUR I* | 4'155'174.82 |
| - Anteilklasse EUR R* | 2'556'701.90 |
| - Anteilklasse USD I* | 2'955'751.08 |
| - Anteilklasse USD R* | 3'965'174.49 |
| 31.12.2021 | 33'843'947.28 |
| - Anteilklasse CHF I H | 5'606'808.87 |
| - Anteilklasse CHF R H | 8'073'961.71 |
| - Anteilklasse EUR I | 7'578'200.74 |
| - Anteilklasse EUR R | 3'637'265.58 |
| - Anteilklasse USD I | 4'175'253.48 |
| - Anteilklasse USD R | 4'772'456.90 |
| Anteile im Umlauf |  |
| 31.12.2020 |  |
| - Anteilklasse CHF I H* | 4'073.000 |
| - Anteilklasse CHF R H* | 32'045.000 |
| - Anteilklasse EUR I* | 3'842.000 |
| - Anteilklasse EUR R* | 23'655.000 |
| - Anteilklasse USD I* | 3'220.000 |
| - Anteilklasse USD R* | 43'222.553 |
| 31.12.2021 |  |
| - Anteilklasse CHF I H | 4'959.000 |
| - Anteilklasse CHF R H | 71'653.590 |
| - Anteilklasse EUR I | 6'436.662 |
| - Anteilklasse EUR R | 31'006.715 |
| - Anteilklasse USD I | 4'179.000 |
| - Anteilklasse USD R | 47'937.553 |

| Nettoinventarwert pro Anteil |  |
| --- | --- |
| 31.12.2020 |  |
| - Anteilklasse CHF I H* | 999.02 |
| - Anteilklasse CHF R H* | 99.85 |
| - Anteilklasse EUR I* | 1'081.51 |
| - Anteilklasse EUR R* | 108.08 |
| - Anteilklasse USD I* | 917.94 |
| - Anteilklasse USD R* | 91.74 |
| 31.12.2021 |  |
| - Anteilklasse CHF I H | 1'130.63 |
| - Anteilklasse CHF R H | 112.68 |
| - Anteilklasse EUR I | 1'177.35 |
| - Anteilklasse EUR R | 117.31 |
| - Anteilklasse USD I | 999.10 |
| - Anteilklasse USD R | 99.56 |

* Erstes Geschäftsjahresende

## Veränderung des Nettovermögens
| Green Tech ESG Equity Fund | (in EUR) |
| --- | --- |
| Nettovermögen zu Beginn der Berichtsperiode | 20'901'656.99 |
| - davon Anteilklasse CHF I H | 4'069'001.62 |
| - davon Anteilklasse CHF R H | 3'199'853.08 |
| - davon Anteilklasse EUR I | 4'155'174.82 |
| - davon Anteilklasse EUR R | 2'556'701.90 |
| - davon Anteilklasse USD I | 2'955'751.08 |
| - davon Anteilklasse USD R | 3'965'174.49 |
| Ausschüttungen | 0.00 |
| - davon Anteilklasse CHF I H | 0.00 |
| - davon Anteilklasse CHF R H | 0.00 |
| - davon Anteilklasse EUR I | 0.00 |
| - davon Anteilklasse EUR R | 0.00 |
| - davon Anteilklasse USD I | 0.00 |
| - davon Anteilklasse USD R | 0.00 |
| Mittelveränderung aus Anteilsausgaben | 12'329'396.65 |
| - davon Anteilklasse CHF I H | 1'151'837.85 |
| - davon Anteilklasse CHF R H | 4'862'297.95 |
| - davon Anteilklasse EUR I | 3'225'948.13 |
| - davon Anteilklasse EUR R | 1'215'552.66 |
| - davon Anteilklasse USD I | 1'171'685.92 |
| - davon Anteilklasse USD R | 702'074.14 |
| Mittelveränderung aus Anteilsrücknahmen | -1'894'684.24 |
| - davon Anteilklasse CHF I H | -176'289.45 |
| - davon Anteilklasse CHF R H | -631'357.32 |
| - davon Anteilklasse EUR I | -228'312.58 |
| - davon Anteilklasse EUR R | -401'836.89 |
| - davon Anteilklasse USD I | -204'719.18 |
| - davon Anteilklasse USD R | -252'168.82 |
| Ertragsausgleich | 11'294.23 |
| - davon Anteilklasse CHF I H | 2'349.89 |
| - davon Anteilklasse CHF R H | 3'180.89 |
| - davon Anteilklasse EUR I | 4'512.47 |
| - davon Anteilklasse EUR R | -180.93 |
| - davon Anteilklasse USD I | 571.19 |
| - davon Anteilklasse USD R | 860.72 |

| Gesamterfolg | 2'496'283.65 |
| --- | --- |
| - davon Anteilklasse CHF I H | 559'908.96 |
| - davon Anteilklasse CHF R H | 639'987.11 |
| - davon Anteilklasse EUR I | 420'877.90 |
| - davon Anteilklasse EUR R | 267'028.84 |
| - davon Anteilklasse USD I | 251'964.47 |
| - davon Anteilklasse USD R | 356'516.37 |
| Nettovermögen am Ende der Berichtsperiode | 33'843'947.28 |
| - davon Anteilklasse CHF I H | 5'606'808.87 |
| - davon Anteilklasse CHF R H | 8'073'961.71 |
| - davon Anteilklasse EUR I | 7'578'200.74 |
| - davon Anteilklasse EUR R | 3'637'265.58 |
| - davon Anteilklasse USD I | 4'175'253.48 |
| - davon Anteilklasse USD R | 4'772'456.90 |


## Anteile im Umlauf
Green Tech ESG Equity Fund
| Stand zu Beginn der Berichtsperiode |  |
| --- | --- |
| - Anteilklasse CHF I H | 4'073.000 |
| - Anteilklasse CHF R H | 32'045.000 |
| - Anteilklasse EUR I | 3'842.000 |
| - Anteilklasse EUR R | 23'655.000 |
| - Anteilklasse USD I | 3'220.000 |
| - Anteilklasse USD R | 43'222.553 |
| Neu ausgegebene Anteile |  |
| - Anteilklasse CHF I H | 1'056.000 |
| - Anteilklasse CHF R H | 45'774.972 |
| - Anteilklasse EUR I | 2'797.662 |
| - Anteilklasse EUR R | 10'750.730 |
| - Anteilklasse USD I | 1'183.000 |
| - Anteilklasse USD R | 7'345.000 |
| Zurückgenommene Anteile |  |
| - Anteilklasse CHF I H | -170.000 |
| - Anteilklasse CHF R H | -6'166.382 |
| - Anteilklasse EUR I | -203.000 |
| - Anteilklasse EUR R | -3'399.015 |
| - Anteilklasse USD I | -224.000 |
| - Anteilklasse USD R | -2'630.000 |
| Stand am Ende der Berichtsperiode |  |
| - Anteilklasse CHF I H | 4'959.000 |
| - Anteilklasse CHF R H | 71'653.590 |
| - Anteilklasse EUR I | 6'436.662 |
| - Anteilklasse EUR R | 31'006.715 |
| - Anteilklasse USD I | 4'179.000 |
| - Anteilklasse USD R | 47'937.553 |


## Vermögensinventar per 31.12.2021
Green Tech ESG Equity Fund
|  | Anfangsbestand 01.01.2021 | Käufe 1 | Verkäufe 1 | Endbestand 31.12.2021 | Kurs | Kurswert in EUR | % des NAV |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Wertpapiere, die an einer Börse gehandelt werden |
| Aktien |  |  |  |  |  |  |  |
| Aktien in CAD |  |  |  |  |  |  |  |
| Northland Pwr (N) | 29'228 | 10'855 | 40'083 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in CAD |  |  |  |  |  | 0 | 0.00 |
| Aktien in CHF |  |  |  |  |  |  |  |
| ABB (N) | 0 | 84'800 | 39'400 | 45'400 | 34.90 | 1'529'106 | 4.52 |
| Geberit (N) | 1'656 | 2'500 | 4'156 | 0 | 0.00 | 0 | 0.00 |
| Gurit Holding I | 360 | 210 | 570 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in CHF |  |  |  |  |  | 1'529'106 | 4.52 |
| Aktien in DKK |  |  |  |  |  |  |  |
| Orsted (N) | 4'794 | 3'770 | 8'564 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in DKK |  |  |  |  |  | 0 | 0.00 |
| Aktien in EUR |  |  |  |  |  |  |  |
| Schneider El | 0 | 17'700 | 8'800 | 8'900 | 172.46 | 1'534'894 | 4.54 |
| Linde (N) | 0 | 9'500 | 4'800 | 4'700 | 306.00 | 1'438'200 | 4.25 |
| Eurofins Scientific | 11'340 | 15'600 | 13'940 | 13'000 | 108.80 | 1'414'400 | 4.18 |
| ASML Holding Br | 0 | 2'200 | 200 | 2'000 | 706.70 | 1'413'400 | 4.18 |
| Smg SDI Sp GDR-Unty (N) | 0 | 10'000 | 0 | 10'000 | 120.40 | 1'204'000 | 3.56 |
| EDP Renovaveis Br (N) | 0 | 125'000 | 72'000 | 53'000 | 21.84 | 1'157'414 | 3.42 |
| Umicore | 21'059 | 31'000 | 22'059 | 30'000 | 35.75 | 1'072'500 | 3.17 |
| Corbion | 0 | 40'000 | 40'000 | 0 | 0.00 | 0 | 0.00 |
| Iberdrola | 71'555 | 141'997 | 213'552 | 0 | 0.00 | 0 | 0.00 |
| Iberdrola Br-WI21 | 0 | 2'375 | 2'375 | 0 | 0.00 | 0 | 0.00 |
| Iberdrola Br-WI21 | 0 | 1'022 | 1'022 | 0 | 0.00 | 0 | 0.00 |
| Kingspan Grp (N) | 14'187 | 15'500 | 29'687 | 0 | 0.00 | 0 | 0.00 |
| Metso Outotec (N) | 0 | 118'000 | 118'000 | 0 | 0.00 | 0 | 0.00 |
| Siemens Energy (N) | 0 | 35'000 | 35'000 | 0 | 0.00 | 0 | 0.00 |
| SMA Solar Tech I | 0 | 21'000 | 21'000 | 0 | 0.00 | 0 | 0.00 |
| Veolia Environnem | 0 | 47'000 | 47'000 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in EUR |  |  |  |  |  | 9'234'808 | 27.29 |
| Aktien in GBP |  |  |  |  |  |  |  |
| Ceres Pwr Holdings (N) | 69'156 | 0 | 69'156 | 0 | 0.00 | 0 | 0.00 |
| Johnson Matthey (N) | 0 | 28'500 | 28'500 | 0 | 0.00 | 0 | 0.00 |
| Spirax-Sarco Eng (N) | 6'883 | 9'640 | 16'523 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in GBP |  |  |  |  |  | 0 | 0.00 |
| Aktien in NOK |  |  |  |  |  |  |  |
| Tomra Systems (N) | 20'166 | 55'700 | 53'866 | 22'000 | 631.00 | 1'384'449 | 4.09 |
| Bakkafrost (N) | 0 | 14'000 | 14'000 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in NOK |  |  |  |  |  | 1'384'449 | 4.09 |

| Anfangsbestand 01.01.2021 | Käufe 1 | Verkäufe 1 | Endbestand 31.12.2021 | Kurs | Kurswert in EUR | % des NAV |
| --- | --- | --- | --- | --- | --- | --- |
| Aktien in SEK |  |  |  |  |  |  |  |
| NIBE Industrie Rg-B (N) | 30'845 | 8'665 | 39'510 | 0 | 0.00 | 0 | 0.00 |
| NIBE Industrie Rg-B (N) | 0 | 138'040 | 138'040 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in SEK |  |  |  |  |  | 0 | 0.00 |
| Aktien in USD |  |  |  |  |  |  |  |
| NVIDIA (N) | 0 | 6'300 | 0 | 6'300 | 294.11 | 1'629'372 | 4.81 |
| Weyerhaeuser REI (N) | 0 | 74'900 | 32'900 | 42'000 | 41.18 | 1'520'918 | 4.49 |
| Verisk Analytics (N) | 4'947 | 8'450 | 5'997 | 7'400 | 228.73 | 1'488'418 | 4.40 |
| Cadence Design (N) | 0 | 8'700 | 0 | 8'700 | 186.35 | 1'425'669 | 4.21 |
| Trane Tech (N) | 6'936 | 21'100 | 20'336 | 7'700 | 202.03 | 1'367'970 | 4.04 |
| NextEra Energy (N) | 13'118 | 38'465 | 34'983 | 16'600 | 93.36 | 1'362'821 | 4.03 |
| Thermo Fisher Sc (N) | 2'100 | 3'136 | 2'936 | 2'300 | 667.24 | 1'349'522 | 3.99 |
| Amer Wtr Works (N) | 6'588 | 10'890 | 9'428 | 8'050 | 188.86 | 1'336'921 | 3.95 |
| Tetra Tech (N) | 0 | 8'600 | 0 | 8'600 | 169.80 | 1'284'122 | 3.79 |
| Waste Management (N) | 0 | 8'700 | 0 | 8'700 | 166.90 | 1'276'867 | 3.77 |
| Acuity Brands (N) | 0 | 6'800 | 0 | 6'800 | 211.72 | 1'266'021 | 3.74 |
| Xylem (N) | 0 | 13'000 | 1'300 | 11'700 | 119.92 | 1'233'808 | 3.65 |
| GFL Environ Rg-SV (N) | 0 | 35'000 | 0 | 35'000 | 37.85 | 1'164'941 | 3.44 |
| First Solar (N) | 0 | 15'000 | 0 | 15'000 | 87.16 | 1'149'684 | 3.40 |
| Plug Power (N) | 30'062 | 72'400 | 60'462 | 42'000 | 28.23 | 1'042'630 | 3.08 |
| FuelCell Energy (N) | 0 | 262'000 | 75'000 | 187'000 | 5.20 | 855'096 | 2.53 |
| Alg Pwr & Util (N) | 0 | 84'000 | 84'000 | 0 | 0.00 | 0 | 0.00 |
| Atl Sust Infra (N) | 27'505 | 0 | 27'505 | 0 | 0.00 | 0 | 0.00 |
| Ballard Power Sy (N) | 0 | 50'000 | 50'000 | 0 | 0.00 | 0 | 0.00 |
| Cal Water Serv G (N) | 0 | 24'000 | 24'000 | 0 | 0.00 | 0 | 0.00 |
| Canadian Solar (N) | 21'647 | 1'700 | 23'347 | 0 | 0.00 | 0 | 0.00 |
| Ecolab Inc (N) | 0 | 6'300 | 6'300 | 0 | 0.00 | 0 | 0.00 |
| Enphase Energy (N) | 5'815 | 26'300 | 32'115 | 0 | 0.00 | 0 | 0.00 |
| JinkoSolar Sp ADR (N) | 0 | 28'000 | 28'000 | 0 | 0.00 | 0 | 0.00 |
| Lam Research Cor (N) | 2'159 | 483 | 2'642 | 0 | 0.00 | 0 | 0.00 |
| Republic Service (N) | 10'352 | 12'300 | 22'652 | 0 | 0.00 | 0 | 0.00 |
| Trimble (N) | 0 | 18'000 | 18'000 | 0 | 0.00 | 0 | 0.00 |
| Xcel Energy (N) | 15'347 | 20'100 | 35'447 | 0 | 0.00 | 0 | 0.00 |
| Total Aktien in USD |  |  |  |  |  | 20'754'780 | 61.32 |
| Total Aktien |  |  |  |  |  | 32'903'143 | 97.22 |
| Anrechte |  |  |  |  |  |  |  |
| Anrechte in EUR |  |  |  |  |  |  |  |
| berdrola --- Rights 2021-26.01.21 For Shares | 0 | 71'555 | 71'555 | 0 | 0.00 | 0 | 0.00 |
| Iberdrola --- Rights | 0 | 95'000 | 95'000 | 0 | 0.00 | 0 | 0.00 |
| Total Anrechte in EUR |  |  |  |  | 0 | 0.00 |
| Total Anrechte |  |  |  |  | 0 | 0.00 |
| Total Wertpapiere, die an einer Börse gehandelt werden |  |  |  |  | 32'903'143 | 97.22 |
| Total Wertpapiere |  |  |  |  | 32'903'143 | 97.22 |

| Anfangsbestand 01.01.2021 | Käufe 1 | Verkäufe 1 | Endbestand 31.12.2021 | Kurs | Kurswert in EUR | % des NAV |
| --- | --- | --- | --- | --- | --- | --- |
| Andere Wertpapiere und Wertrechte, die an einer Börse gehandelt werden |
| Fonds |  |  |  |  |  |  |  |
| Fonds in USD |  |  |  |  |  |  |  |
| iShs Dow Jns In | 0 | 7'600 | 7'600 | 0 | 0.00 | 0 | 0.00 |
| Total Fonds in USD |  |  | 0 | 0.00 |
| Total Fonds |  |  | 0 | 0.00 |
| Total Andere Wertpapiere und Wertrechte, die an einer Börse gehandelt werden |  |  | 0 | 0.00 |
| Total Andere Wertpapiere und Wertrechte |  |  | 0 | 0.00 |
| Bankguthaben |  |  | 1'003'952 | 2.97 |
| Derivative Finanzinstrumente |  |  | 77'307 | 0.23 |
| Sonstige Vermögenswerte |  |  | 368 | 0.00 |
| Gesamtvermögen |  |  | 33'984'770 | 100.42 |
| Bankverbindlichkeiten |  |  | -7'900 | -0.02 |
| Verbindlichkeiten |  |  | -132'922 | -0.39 |
| Nettovermögen |  |  | 33'843'947 | 100.00 |
| 1  inklusive Split, Umtausch‚ Gratisaktien und Zuteilung aus Anrechten |  |  |  |  |