# INFORMATION RELATING TO THE REMUNERATION POLICY - UCITS:
## Remuneration policy
Candriam France is a portfolio management company and holds an authorisation concerning the management of undertakings for collective investment in transferable securities (UCITS) under Directive 2009/65/CE (UCITS Directive) and an authorisation concerning the management of alternative investment funds (AIFs) under Directive 2011/61/EU (AIFM Directive).
The responsibilities of Candriam France under these two directives are quite similar and Candriam France considers that its personnel is paid in the same way for tasks relating to the administration of UCITS or alternative investment funds.
Remuneration paid by Candriam France, acting as financial management delegate, to its personnel for the year ended 31 December 2019:
- Gross total amount of fixed remuneration paid (excluding payments or benefits which may be regarded as forming part of a general and non-discretionary policy and having no incentive effect on risk management): EUR 14,524,423
- Gross total amount of variable remuneration paid: EUR 4,672,700
- Number of beneficiaries: 168Aggregate amount of remuneration, allocated between senior managers and the asset manager's personnel whose activities have a significant impact on the fund's risk profile. The systems in Candriam France do not allow identification of this kind according to managed fund. The figures below also present the aggregate amount of remuneration at global level in Candriam France.
- Aggregate amount of remuneration of senior managers: EUR 1,934,715
- Aggregate amount of remuneration of Candriam France personnel whose activities have a significant impact on the risk profile of the funds of which it is the management company (excluding senior managers): EUR 3,837,345.

The remuneration policy was most recently reviewed by the remuneration committee of Candriam France on 31 December 2019, and was adopted by its strategic committee.
ANNUAL ACCOUNTS FOR THE FINANCIAL YEAR ENDED 30 December 2019 BALANCE SHEET - ASSETS
|  | 2019 financial year | 2018 financial year |
| --- | --- | --- |
| NET FIXED ASSETS | - | - |
| DEPOSITS | - | - |
| FINANCIAL INSTRUMENTS |  |  |
| Equities and equivalent securities |  |  |
| Traded on a regulated or equivalent market | - | - |
| Not traded on a regulated or equivalent market | - | - |
| Bonds and equivalent securities |  |  |
| Traded on a regulated or equivalent market | - | - |
| Not traded on a regulated or equivalent market | - |  |
| Debt securities |  |  |
| Traded on a regulated or equivalent market |  |  |
| Negotiable debt securities | 4,199,292.30 | 8,057,851.50 |
| Other debt securities | - | 2,500,000.00 |
| Not traded on a regulated or equivalent market | - | - |
| Undertakings for collective investment |  |  |
| General UCITS and AIFs aimed at non-professionals and equivalents in other countries | 7,488,048.15 | 7,800,605.47 |
| Other funds aimed at non-professionals and equivalents in other countries which are Member States of the European Union | - | - |
| General professional funds and equivalents in other countries which are Member States of the European Union and listed securitisation vehicles | - | - |
| Other professional investment funds and equivalents in other countries which are Member States of the European Union and unlisted securitisation vehicles | - | - |
| Other non-European undertakings | - | - |
| Temporary securities transactions |  |  |
| Receivables representing reverse repurchase agreements | 71,377,090.80 | 55,987,793.65 |
| Claims representing securities loaned | - | - |
| Securities borrowed | - | - |
| Repurchase agreements | - | - |
| Other temporary transactions | - | - |
| Financial contracts |  |  |
| Transactions on a regulated or equivalent market | 1,066,659.15 | 4,223,019.24 |
| Other transactions | - | - |
| Other financial instruments | - | - |
| RECEIVABLES |  |  |
| Foreign currency forward exchange transactions | - | - |
| Other | 3,615,002.71 | 6,781,378.17 |
| CASH AND BANKS |  |  |
| Cash | 7,908,578.82 | 7,390,077.87 |
| TOTAL ASSETS | 95,654,671.93 | 92,740,725.90 |

BALANCE SHEET LIABILITIES
|  | 2019 financial year | 2018 financial year |
| --- | --- | --- |
| EQUITY CAPITAL |  |  |
| Capital | 77,699,842.92 | 92,493,155.35 |
| Earlier undistributed capital gains and losses (a) | - | - |
| Retained earnings (a) | - | - |
| Net capital gains and losses during financial year (a, b) | 17,956,921.14 , | -4,249,469.01 |
| Profit for the year (a, b) | -3,519,677.69 | -717,638.82 |
| TOTAL EQUITY (= amount representative of net assets) | 92,137,086.37 | 87,526,047.52 |
| FINANCIAL INSTRUMENTS |  |  |
| Disposals of financial instruments | - | - |
| Temporary securities transactions |  |  |
| Debts representing repurchase agreements | - | - |
| Debts representing securities borrowed | - | - |
| Other temporary transactions | - | - |
| Financial contracts |  |  |
| Transactions on a regulated or equivalent market | 1,058,647.07 | 4,081,230.44 |
| Other transactions | - | - |
| DEBTS |  |  |
| Foreign currency forward exchange transactions | - | - |
| Other | 2,307,000.96 | 125,302.80 |
| CASH AND BANKS |  |  |
| Current bank lending | 151,937.53 | 1,008,145.14 |
| Borrowings | - | - |
| TOTAL LIABILITIES | 95,654,671.93 | 92,740,725.90 |

- Including adjustment accounts
- Less interim dividends paid over the financial yearOFF-BALANCE SHEET

|  | 2019 financial year | 2018 financial year |
| --- | --- | --- |
| HEDGING TRANSACTIONS |  |  |
| - Commitments on regulated or equivalent markets |  |  |
| - OTC commitments |  |  |
| - Other commitments |  |  |
| OTHER TRANSACTIONS |  |  |
| - Commitments on regulated or equivalent markets |  |  |
| 10Y BTP ITALIAN BOND 06/03/2020 | 5,555,940.00 | - |
| 10Y BTP ITALIAN BOND 07/03/2019 | - | 12,526,360.00 |
| 10Y TREASURY NOTES USA 20/03/2019 | - | 11,700,336.70 |
| 10Y TREASURY NOTES USA 20/03/2020 | 4,703,691.93 | - |
| 3M SHORT STERLING 17/03/2021 | 593,109,331.15 | - |
| 3M SHORT STERLING 17/06/2020 | - | 1,447,862,107.74 |
| 5Y TREASURY NOTES USA 29/03/2019 | - | 12,810,354.63 |
| 5Y TREASURY NOTES USA 31/03/2020 | 2,329,559.41 | - |
| 90 DAYS - EURO $ FUTURE 14/12/2020 | 36,882,849.11 | - |
| 90 DAYS - EURO $ FUTURE 15/06/2020 | - | 747,649,306.92 |
| AUD/USD SPOT CROSS 16/03/2020 | 625,965.10 | - |
| AUD/USD SPOT CROSS 18/03/2019 | - | 9,438,646.20 |
| BRL/USD SPOT CROSS - USD EQ 31/01/2020 | 776,632.30 | - |
| CAC 40 17/01/2020 | 2,270,120.00 | - |
| CAC 40 18/01/2019 | - | 3,179,680.00 |
| CBOE SPX VOLATILITY INDEX 16/01/2019 | - | 287,922.52 |
| CBOE SPX VOLATILITY INDEX 22/01/2020 | 1,011,581.20 | - |
| CURRENCY FUTURE /CAD 17/03/2020 | 2,257,290.13 | - |
| CURRENCY FUTURE /CAD 19/03/2019 | - | 13,423,376.62 |
| DAX-INDEX 15/03/2019 | - | 3,168,450.00 |
| DAX-INDEX 20/03/2020 | 2,318,137.50 | - |
| DJ CBOT MINI SIZED DJ IND AV 15/03/2019 | - | 402,903.49 |
| DJ CBOT MINI SIZED DJ IND AV 20/03/2020 | 2,665,417.06 | - |
| EUR/JPY SPOT - CROSS RATES 16/03/2020 | 10,617,916.23 | - |
| EUR/JPY SPOT - CROSS RATES 18/03/2019 | - | 13,264,717.75 |
| EUR/USD SPOT -CROSS RATES 16/03/2020 | 2,260,644.00 | - |
| EUR/USD SPOT -CROSS RATES 18/03/2019 | - | 6,923,701.30 |
| EURIBOR 360 /3 MONATE 15/03/2021 | 647,289,750.00 | - |
| EURIBOR 360 /3 MONATE 15/06/2020 | - | 2,627,327,950.00 |
| EURO BUND 06/03/2020 | 7,842,540.00 | - |
| EURO BUND 07/03/2019 | - | 40,885,000.00 |
| EURO OAT FUTURES 06/03/2020 | 4,557,560.00 | - |

|  | 2019 financial year | 2018 financial year |
| --- | --- | --- |
| EURO OAT FUTURES 07/03/2019 | - | 28,048,800.00 |
| EURO STOXX 50 PR 15/03/2019 | - | 4,074,380.00 |
| EURO STOXX 50 PR 20/03/2020 | 1,155,990.00 | - |
| GBP/USD SPOT CROSS 16/03/2020 | 2,492,870.53 | - |
| GBP/USD SPOT CROSS 18/03/2019 | - | 278,543.01 |
| HONG KONG HANG SENG INDICES 30/01/2019 | - | 5,140,405.60 |
| HONG KONG HANG SENG INDICES 30/01/2020 | 488,737.68 | - |
| INR/USD SPOT CROSS 29/01/2020 | 2,807,604.77 | - |
| JAPANESE GOV. BDS FUTURE 10Y 13/03/2019 | - | 8,453,683.51 |
| JAPANESE GOV. BDS FUTURE 10Y 13/03/2020 | 7,478,046.57 | - |
| JPY/USD SPOT CROSS 16/03/2020 | 11,218,871.33 | - |
| JPY/USD SPOT CROSS 18/03/2019 | - | 5,178,910.32 |
| KOREA 3YEAR BOND 17/03/2020 | 26,542,525.20 | - |
| KOREA 3YEAR BOND 19/03/2019 | - | 183,475,474.26 |
| MXN/USD SPOT/CROSS 16/03/2020 | 7,430,093.27 | - |
| MXN/USD SPOT/CROSS 18/03/2019 | - | 2,130,106.26 |
| NASDAQ 100 E-MINI INDEX 15/03/2019 | - | 1,871,271.15 |
| NASDAQ 100 INDEX 100-INDEX 20/03/2020 | 4,989,155.17 | - |
| NIKKEI 225 INDICES D 07/03/2019 | - | 707,826.50 |
| NIKKEI 225 INDICES D 12/03/2020 | 3,971,514.46 | - |
| NZD/USD SPOT CROSS 16/03/2020 | 5,052,671.04 | - |
| NZD/USD SPOT CROSS 18/03/2019 | - | 2,408,474.35 |
| RUB/USD SPOT -CROSS RATES 16/03/2020 | 5,998,125.59 | - |
| RUSSELL 2000 INDEX 15/03/2019 | - | 3,166,233.77 |
| RUSSELL 2000 INDEX 20/03/2020 | 744,588.74 | - |
| S&P / ASX 200 INDEX 19/03/2020 | 4,420,187.09 | - |
| S&P / ASX 200 INDEX 21/03/2019 | - | 4,830,565.89 |
| S&P 500 EMINI INDEX 15/03/2019 | - | 7,935,545.94 |
| S&P 500 EMINI INDEX 20/03/2020 | 2,157,919.40 | - |
| SOUTH AFRICA RAND SA RAND 16/03/2020 | 1,970,243.67 | - |
| SOUTH AFRICA RAND SA RAND 18/03/2019 | - | 2,792,765.32 |
| TOPIX INDEX (TOKYO) 07/03/2019 | - | 828,015.24 |
| TOPIX INDEX (TOKYO) 12/03/2020 | 3,805,607.28 | - |
| TREASURY BONDS USA 20/03/2019 | - | 7,509,155.41 |
| TREASURY BONDS USA 20/03/2020 | 418,396.04 | - |
| UKX FTSE 100 INDEX 15/03/2019 | - | 1,774,864.43 |
| UKX FTSE 100 INDEX 20/03/2020 | 793,867.71 | - |
| - OTC commitments |  | , |
| - Other commitments |  |  |

INCOME STATEMENT (in euros)
|  | 2019 financial year | 2018 financial year |
| --- | --- | --- |
| INCOME ON FINANCIAL TRANSACTIONS |  |  |
| Income on deposits and cash and banks | 79,655.43 | 129,883.19 |
| Income on equities and equivalent securities | - | - |
| Income on bonds and equivalent securities | - | - |
| Income on debt securities | -30,629.59 | -29,629.15 |
| Income on temporary purchases and sales of securities | - | 0.08 |
| Income on financial contracts | - | - |
| Other financial income | - | - |
| TOTAL I | 49,025.84 | 100,254.12 |
| CHARGES ON FINANCIAL TRANSACTIONS |  |  |
| Charges on temporary purchases and sales of securities | -367,851.51 | -640,789.63 |
| Charges on financial contracts | - | - |
| Charges on financial debts | -330.84 | -36,460.54 |
| Other financial charges | -6,879.28 | -731.55 |
| TOTAL II | -375,061.63 | -677,981.72 |
| PROFIT/LOSS ON FINANCIAL TRANSACTIONS (I - II) | -326,035.79 | -577,727.60 |
| Other income (III) | - | - |
| Management fees and depreciation charges (IV) | -2,997,652.34 | -686,516.70 |
| NET PROFIT/LOSS FOR THE FINANCIAL YEAR (L. 214-17-1) (I - II + III - IV) | -3,323,688.13 | -1,264,244.30 |
| Revenue adjustment for the financial year (V) | -195,989.56 | 546,605.48 |
| Advance payments on profit for the financial year (VI) | - | - |
| PROFIT/LOSS (I - II + III - IV +/- V - VI) | -3,519,677.69 | -717,638.82 |

Translation (ENDE, 2019-12-30):
# INFORMATIONEN ÜBER DIE GRUNDSÄTZE FÜR DIE VERGÜTUNG – OGAW
## Grundsätze für die Vergütung
In ihrer Eigenschaft als Vermögensverwaltungsgesellschaft verfügt Candriam France im Rahmen der Verwaltung von Organismen für gemeinsame Anlagen in Wertpapieren (OGAW) entsprechend der Richtlinie 2009/65/EG (OGAW-Richtlinie) sowie im Rahmen der Verwaltung von alternativen Investmentfonds (AIF) über eine Zulassung gemäß der Richtlinie 2011/61/EU (AIFM-Richtlinie).
Die Candriam France im Rahmen dieser beiden Richtlinien obliegenden Aufgaben sind sich relativ ähnlich, und Candriam France geht davon aus, dass das Personal für Aufgaben im Zusammenhang mit der Verwaltung von OGAW oder von alternativen Investmentfonds (AIF) dieselbe Vergütung erhält.
In ihrer Funktion als Finanzverwaltungsgesellschaft hat Candriam France ihren Mitarbeitern für das Geschäftsjahr zum 31. Dezember 2019 die folgenden Vergütungen gezahlt:
- Bruttosumme der geleisteten fixen Vergütungen (ohne Zahlungen oder Vergünstigungen, die als Teil einer allgemeinen und unterschiedslosen Vergütungspolitik angesehen werden könnten und keine Anreizwirkung auf das Risikomanagement haben): 14.524.423 EUR
- Bruttosumme der geleisteten variablen Vergütungen: 4.672.700 EUR
- Zahl der Begünstigten: 168Summe der Vergütungen, aufgeschlüsselt nach Führungskräften und Mitarbeitern, deren berufliche Tätigkeit sich wesentlich auf das Risikoprofil des Fonds auswirkt. Die von Candriam France verwendeten Systeme erlauben keine derartige Identifizierung pro verwaltetem Fonds. Auch die im Folgenden aufgeführten Zahlen zeigen die Summe der Vergütungen für Candriam France weltweit.
- Summe der Vergütungen an Führungskräfte: 1.934.715 EUR
- Summe der Vergütungen an Mitarbeiter von Candriam France, deren berufliche Tätigkeit sich wesentlich auf das Risikoprofil des Fonds auswirkt, deren Verwaltungsgesellschaft sie ist (ohne Führungskräfte): 3.837.345 EUR.

Die Grundsätze für die Vergütung wurden zuletzt am 31. Dezember 2019 durch das Vergütungskomitee von Candriam France überprüft und vom strategischen Komitee von Candriam France angenommen.
JAHRESABSCHLUSS FÜR DAS GESCHÄFTSJAHR ZUM 30. Dezember 2019
AKTIVA
|  | Geschäftsjahr 2019 | Geschäftsjahr 2018 |
| --- | --- | --- |
| NETTOANLAGEVERMÖGEN | - | - |
| EINLAGEN | - | - |
| FINANZINSTRUMENTE |  |  |
| Aktien und ähnliche Wertpapiere |  |  |
| An einem geregelten oder gleichwertigen Markt gehandelt | - | - |
| Nicht an einem geregelten oder gleichwertigen Markt gehandelt | - | - |
| Anleihen und ähnliche Wertpapiere |  |  |
| An einem geregelten oder gleichwertigen Markt gehandelt | - | - |
| Nicht an einem geregelten oder gleichwertigen Markt gehandelt | - |  |
| Schuldtitel |  |  |
| An einem geregelten oder gleichwertigen Markt gehandelt |  |  |
| Marktfähige Schuldtitel | 4.199.292,30 | 8.057.851,50 |
| Sonstige Schuldtitel | - | 2.500.000,00 |
| Nicht an einem geregelten oder gleichwertigen Markt gehandelt | - | - |
| Organismen für gemeinsame Anlagen |  |  |
| OGAW und AIF mit allgemeiner Zielsetzung, die sich an nicht institutionelle Anleger richten, und vergleichbare Fonds aus sonstigen Ländern | 7.488.048,15 | 7.800.605,47 |
| Sonstige Fonds, die sich an nicht institutionelle Anleger richten, und vergleichbare Fonds aus sonstigen Mitgliedstaaten der Europäischen Union | - | - |
| Institutionelle Fonds mit allgemeiner Zielsetzung und vergleichbare Fonds aus sonstigen Mitgliedstaaten der Europäischen Union und börsennotierte Organismen für Verbriefungen | - | - |
| Sonstige institutionelle Investmentfonds und vergleichbare Fonds aus sonstigen Mitgliedstaaten der Europäischen Union und nicht börsennotierte Organismen für Verbriefungen | - | - |
| Sonstige nicht-europäische Organismen | - | - |
| Befristete Wertpapiergeschäfte |  |  |
| Forderungen aus in Pension genommenen Wertpapieren | 71.377.090,80 | 55.987.793,65 |
| Forderungen aus verliehenen Wertpapieren | - | - |
| Entliehene Wertpapiere | - | - |
| In Pension gegebene Wertpapiere | - | - |
| Sonstige befristete Geschäfte | - | - |
| Finanzkontrakte |  |  |
| Geschäfte an einem geregelten oder gleichwertigen Markt | 1.066.659,15 | 4.223.019,24 |
| Sonstige Geschäfte | - | - |
| Sonstige Finanzinstrumente | - | - |
| FORDERUNGEN |  |  |
| Devisentermingeschäfte | - | - |
| Sonstiges | 3.615.002,71 | 6.781.378,17 |
| FINANZKONTEN |  |  |
| Flüssige Mittel | 7.908.578,82 | 7.390.077,87 |
| AKTIVA INSGESAMT | 95.654.671,93 | 92.740.725,90 |

PASSIVA
|  | Geschäftsjahr 2019 | Geschäftsjahr 2018 |
| --- | --- | --- |
| EIGENKAPITAL |  |  |
| Kapital | 77.699.842,92 | 92.493.155,35 |
| Nicht ausgeschüttete Nettokapitalgewinne/-verluste aus Vorperioden (a) | - | - |
| Ergebnisvortrag (a) | - | - |
| Nettokapitalgewinne/-verluste aus dem Geschäftsjahr (a, b) | 17.956.921,14 . | -4.249.469,01 |
| Ergebnis des Geschäftsjahres (a, b) | -3.519.677,69 | -717.638,82 |
| EIGENKAPITAL INSGESAMT (= Nettovermögen) | 92.137.086,37 | 87.526.047,52 |
| FINANZINSTRUMENTE |  |  |
| Abtretung von Finanzinstrumenten | - | - |
| Befristete Wertpapiergeschäfte |  |  |
| Verbindlichkeiten aus in Pension gegebenen Wertpapieren | - | - |
| Verbindlichkeiten aus entliehenen Wertpapieren | - | - |
| Sonstige befristete Geschäfte | - | - |
| Finanzkontrakte |  |  |
| Geschäfte an einem geregelten oder gleichwertigen Markt | 1.058.647,07 | 4.081.230,44 |
| Sonstige Geschäfte | - | - |
| VERBINDLICHKEITEN |  |  |
| Devisentermingeschäfte | - | - |
| Sonstiges | 2.307.000,96 | 125.302,80 |
| FINANZKONTEN |  |  |
| Kurzfristige Bankverbindlichkeiten | 151.937,53 | 1.008.145,14 |
| Darlehen | - | - |
| PASSIVA INSGESAMT | 95.654.671,93 | 92.740.725,90 |

- Einschließlich Rechnungsabgrenzungsposten
- Abzüglich für das Geschäftsjahr geleistete AbschlagszahlungenAUSSERBILANZIELLE POSITIONEN

|  | Geschäftsjahr 2019 | Geschäftsjahr 2018 |
| --- | --- | --- |
| SICHERUNGSGESCHÄFTE |  |  |
| - Geschäfte an einem geregelten oder gleichwertigen Markt |  |  |
| - Außerbörsliche Geschäfte |  |  |
| - Sonstige Geschäfte |  |  |
| SONSTIGE GESCHÄFTE |  |  |
| - Geschäfte an einem geregelten oder gleichwertigen Markt |  |  |
| 10Y BTP ITALIAN BOND 06/03/2020 | 5.555.940,00 | - |
| 10Y BTP ITALIAN BOND 07/03/2019 | - | 12.526.360,00 |
| 10Y TREASURY NOTES USA 20/03/2019 | - | 11.700.336,70 |
| 10Y TREASURY NOTES USA 20/03/2020 | 4.703.691,93 | - |
| 3M SHORT STERLING 17/03/2021 | 593.109.331,15 | - |
| 3M SHORT STERLING 17/06/2020 | - | 1.447.862.107,74 |
| 5Y TREASURY NOTES USA 29/03/2019 | - | 12.810.354,63 |
| 5Y TREASURY NOTES USA 31/03/2020 | 2.329.559,41 | - |
| 90 DAYS - EURO $ FUTURE 14/12/2020 | 36.882.849,11 | - |
| 90 DAYS - EURO $ FUTURE 15/06/2020 | - | 747.649.306,92 |
| AUD/USD SPOT CROSS 16/03/2020 | 625.965,10 | - |
| AUD/USD SPOT CROSS 18/03/2019 | - | 9.438.646,20 |
| BRL/USD SPOT CROSS - USD EQ 31/01/2020 | 776.632,30 | - |
| CAC 40 17/01/2020 | 2.270.120,00 | - |
| CAC 40 18/01/2019 | - | 3.179.680,00 |
| CBOE SPX VOLATILITY INDEX 16/01/2019 | - | 287.922,52 |
| CBOE SPX VOLATILITY INDEX 22/01/2020 | 1.011.581,20 | - |
| CURRENCY FUTURE /CAD 17/03/2020 | 2.257.290,13 | - |
| CURRENCY FUTURE /CAD 19/03/2019 | - | 13.423.376,62 |
| DAX-INDEX 15/03/2019 | - | 3.168.450,00 |
| DAX-INDEX 20/03/2020 | 2.318.137,50 | - |
| DJ CBOT MINI SIZED DJ IND AV 15/03/2019 | - | 402.903,49 |
| DJ CBOT MINI SIZED DJ IND AV 20/03/2020 | 2.665.417,06 | - |
| EUR/JPY SPOT - CROSS RATES 16/03/2020 | 10.617.916,23 | - |
| EUR/JPY SPOT - CROSS RATES 18/03/2019 | - | 13.264.717,75 |
| EUR/USD SPOT -CROSS RATES 16/03/2020 | 2.260.644,00 | - |
| EUR/USD SPOT -CROSS RATES 18/03/2019 | - | 6.923.701,30 |
| EURIBOR 360 /3 MONATE 15/03/2021 | 647.289.750,00 | - |
| EURIBOR 360 /3 MONATE 15/06/2020 | - | 2.627.327.950,00 |
| EURO BUND 06/03/2020 | 7.842.540,00 | - |
| EURO BUND 07/03/2019 | - | 40.885.000,00 |
| EURO OAT FUTURES 06/03/2020 | 4.557.560,00 | - |

|  | Geschäftsjahr 2019 | Geschäftsjahr 2018 |
| --- | --- | --- |
| EURO OAT FUTURES 07/03/2019 | - | 28.048.800,00 |
| EURO STOXX 50 PR 15/03/2019 | - | 4.074.380,00 |
| EURO STOXX 50 PR 20/03/2020 | 1.155.990,00 | - |
| GBP/USD SPOT CROSS 16/03/2020 | 2.492.870,53 | - |
| GBP/USD SPOT CROSS 18/03/2019 | - | 278.543,01 |
| HONG KONG HANG SENG INDICES 30/01/2019 | - | 5.140.405,60 |
| HONG KONG HANG SENG INDICES 30/01/2020 | 488.737,68 | - |
| INR/USD SPOT CROSS 29/01/2020 | 2.807.604,77 | - |
| JAPANESE GOV. BDS FUTURE 10Y 13/03/2019 | - | 8.453.683,51 |
| JAPANESE GOV. BDS FUTURE 10Y 13/03/2020 | 7.478.046,57 | - |
| JPY/USD SPOT CROSS 16/03/2020 | 11.218.871,33 | - |
| JPY/USD SPOT CROSS 18/03/2019 | - | 5.178.910,32 |
| KOREA 3YEAR BOND 17/03/2020 | 26.542.525,20 | - |
| KOREA 3YEAR BOND 19/03/2019 | - | 183.475.474,26 |
| MXN/USD SPOT/CROSS 16/03/2020 | 7.430.093,27 | - |
| MXN/USD SPOT/CROSS 18/03/2019 | - | 2.130.106,26 |
| NASDAQ 100 E-MINI INDEX 15/03/2019 | - | 1.871.271,15 |
| NASDAQ 100 INDEX 100-INDEX 20/03/2020 | 4.989.155,17 | - |
| NIKKEI 225 INDICES D 07/03/2019 | - | 707.826,50 |
| NIKKEI 225 INDICES D 12/03/2020 | 3.971.514,46 | - |
| NZD/USD SPOT CROSS 16/03/2020 | 5.052.671,04 | - |
| NZD/USD SPOT CROSS 18/03/2019 | - | 2.408.474,35 |
| RUB/USD SPOT -CROSS RATES 16/03/2020 | 5.998.125,59 | - |
| RUSSELL 2000 INDEX 15/03/2019 | - | 3.166.233,77 |
| RUSSELL 2000 INDEX 20/03/2020 | 744.588,74 | - |
| S&P / ASX 200 INDEX 19/03/2020 | 4.420.187,09 | - |
| S&P / ASX 200 INDEX 21/03/2019 | - | 4.830.565,89 |
| S&P 500 EMINI INDEX 15/03/2019 | - | 7.935.545,94 |
| S&P 500 EMINI INDEX 20/03/2020 | 2.157.919,40 | - |
| SOUTH AFRICA RAND SA RAND 16/03/2020 | 1.970.243,67 | - |
| SOUTH AFRICA RAND SA RAND 18/03/2019 | - | 2.792.765,32 |
| TOPIX INDEX (TOKYO) 07/03/2019 | - | 828.015,24 |
| TOPIX INDEX (TOKYO) 12/03/2020 | 3.805.607,28 | - |
| TREASURY BONDS USA 20/03/2019 | - | 7.509.155,41 |
| TREASURY BONDS USA 20/03/2020 | 418.396,04 | - |
| UKX FTSE 100 INDEX 15/03/2019 | - | 1.774.864,43 |
| UKX FTSE 100 INDEX 20/03/2020 | 793.867,71 | - |
| - Außerbörsliche Geschäfte |  |  |
| - Sonstige Geschäfte |  |  |

ERGEBNISRECHNUNG (in Euro)
|  | Geschäftsjahr 2019 | Geschäftsjahr 2018 |
| --- | --- | --- |
| ERTRÄGE AUS FINANZGESCHÄFTEN |  |  |
| Erträge aus Einlagen und Finanzkonten | 79.655,43 | 129.883,19 |
| Erträge aus Aktien und ähnlichen Wertpapieren | - | - |
| Erträge aus Anleihen und ähnlichen Wertpapieren | - | - |
| Erträge aus Schuldtiteln | -30.629,59 | -29.629,15 |
| Erträge aus befristeten Wertpapiergeschäften | - | 0,08 |
| Erträge aus Finanzkontrakten | - | - |
| Sonstige Finanzerträge | - | - |
| SUMME I | 49.025,84 | 100.254,12 |
| AUFWENDUNGEN FÜR FINANZGESCHÄFTE |  |  |
| Aufwendungen aus befristeten Wertpapiergeschäften | -367.851,51 | -640.789,63 |
| Aufwendungen aus Finanzkontrakten | - | - |
| Aufwendungen aus Finanzverbindlichkeiten | -330,84 | -36.460,54 |
| Sonstige Finanzaufwendungen | -6.879,28 | -731,55 |
| SUMME II | -375.061,63 | -677.981,72 |
| ERGEBNIS AUS FINANZGESCHÄFTEN (I – II) | -326.035,79 | -577.727,60 |
| Sonstige Erträge (III) | - | - |
| Verwaltungsgebühren und Abschreibungen (IV) | -2.997.652,34 | -686.516,70 |
| NETTOERGEBNIS DES GESCHÄFTSJAHRES (L. 214-17-1) (I - II + III - IV) | -3.323.688,13 | -1.264.244,30 |
| Abgrenzung von Erträgen des Geschäftsjahres (V) | -195.989,56 | 546.605,48 |
| Für das Geschäftsjahr geleistete Abschlagszahlungen (VI) | - | - |
| ERGEBNIS (I – II + III – IV +/– V – VI) | -3.519.677,69 | -717.638,82 |