# CARMIGNAC PORTFOLIO
## Notes to the financial statements - Schedule of derivative
instruments
As at 31/12/20, the following option contracts were outstanding :
CARMIGNAC PORTFOLIO Unconstrained Global Bond
|  | Commitment | Market value | Unrealised |
| --- | --- | --- | --- |
| Quantity Denomination	Currency | (in absolute value) | (in EUR) | (in EUR) |

OTC Options long positions at market value OTC options
Options on currency
| 6,000,000.00 USD(P)/RUB(C)OTC FEB 72.00 16.02.21 PUT | USD | 0.00 | 1,454,063.99 | 665,824.22 |
| --- | --- | --- | --- | --- |
| Total OTC Options long positions at market value |  |  | 1,454,063.99 | 665,824.22 |
| The counterparty to OTC option is HSBC Bank |  |  |  |  |
| CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income |  |  |  |  |
| Quantity Denomination	Currency | Commitment (in absolute value) | Market value (in EUR) | Unrealised (in EUR) |

OTC Options long positions at market value OTC options
Options on interest rates
| 20,000,000.00 EURIBOR6M  OTC MAR -0.10 01.03.21 CALL | EUR | 0.00 | 253,422.00 | (334,578.00) |
| --- | --- | --- | --- | --- |
| 20,000,000.00 EURIBOR6M  OTC MAR 0.350 01.03.21 PUT | EUR | 0.00 | 31,014.40 | (556,985.60) |
| 50,000,000.00 IXOVER345M OTC FEB 3.000 17.02.21 PUT | EUR | 0.00 | 220,449.00 | (125,051.00) |
| 50,000,000.00 IXOVER345M OTC FEB 3.000 17.02.21 PUT | EUR | 0.00 | 220,449.00 | (262,051.00) |
| 100,000,000.00 IXOVER345M OTC JAN 3.000 20.01.21 PUT | EUR | 0.00 | 161,829.00 | (438,171.00) |
| Total OTC Options long positions at market value |  |  | 887,163.40 | (1,716,836.60) |
| OTC Options short positions at market value |  |  |  |  |
| OTC options |  |  |  |  |
| Options on interest rates |  |  |  |  |
| 50,000,000.00 IXOVER345M OTC FEB 4.000 17.02.21 PUT | EUR | 4,523,616.00 | (75,798.50) | 74,201.50 |
| 100,000,000.00 IXOVER345M OTC JAN 4.000 20.01.21 PUT | EUR | 2,063,429.00 | (20,350.00) | 109,650.00 |
| Total OTC Options short positions at market value |  |  | (96,148.50) | 183,851.50 |
| Long positions |  |  |  |  |
| Listed options |  |  |  |  |
| Options on futures |  |  |  |  |
| 6,000.00 EURO$ 3YR MID-CV JUN 99.125 11.06.21 PUT | USD | 0.00 | 612,970.45 | (118,707.12) |
| 3,600.00 US BOND FUTR FEB 168.00 22.01.21 PUT | USD | 0.00 | 551,673.41 | (2,190,661.33) |
| 500.00 US BOND FUTR FEB 170.00 22.01.21 PUT | USD | 0.00 | 197,938.38 | (91,343.66) |
| Total Purchase of options |  |  | 1,362,582.24 | (2,400,712.11) |
| Short positions |  |  |  |  |
| Listed options |  |  |  |  |
| Options on futures |  |  |  |  |
| 230.00 EURO-BUXL FUTR MARS 232.00 19.02.21 CAL | EUR | 11,863,390.80 | 243,800.00 | 243,800.00 |
| 400.00 US BOND FUTR MAR 176.00 19.02.21 CALL | USD | 17,482,093.91 | (347,349.92) | 74,390.46 |
| Total Sale of options |  |  | (103,549.92) | 318,190.46 |

The counterparty to OTC options is BNP Paribas, Barclays Bank Ireland PLC, BofA Securities Europe SA The counterparty to listed options is Société Générale
CARMIGNAC PORTFOLIO Emerging Patrimoine
|  | Commitment | Market value | Unrealised |
| --- | --- | --- | --- |
| Quantity Denomination	Currency | (in absolute value) | (in EUR) | (in EUR) |

OTC Options long positions at market value OTC options
Options on currency
| 23,600,000.00 USD(C)/JPY(P)OTC FEB 105.0 18.02.21 CALL | USD | 0.00 | 56,687.45 | (14,141.46) |
| --- | --- | --- | --- | --- |
| 23,600,000.00 USD(C)/ZAR(P)OTC MAR 15.50 18.03.21 CALL | USD | 0.00 | 280,663.22 | (5,306.78) |
| 10,000,000.00 USD(P)/BRL(C)OTC FEB 5.000 12.02.21 PUT | USD | 0.00 | 2,414,449.76 | 585,361.77 |
| 9,000,000.00 USD(P)/RUB(C)OTC FEB 72.00 16.02.21 PUT | USD | 0.00 | 2,181,095.99 | 998,736.34 |
| 2,850,000.00 USD(P)/RUB(C)OTC MAR 71.00 05.03.21 PUT Options on interest rates | USD | 0.00 | 537,320.09 | 166,166.33 |
| 21,700,000.00 IXOVER345M OTC FEB 3.000 17.02.21 PUT | EUR | 0.00 | 95,674.87 | (11,740.13) |
| Total OTC Options long positions at market value |  |  | 5,565,891.38 | 1,719,076.07 |
| Long positions |  |  |  |  |
| Listed options |  |  |  |  |
| Options on futures |  |  |  |  |
| 510.00 US BOND FUTR MAR 168.00 19.02.21 PUT | USD | 0.00 | 253,999.63 | (12,808.05) |
| Total Purchase of options |  |  | 253,999.63 | (12,808.05) |

The counterparties to OTC options are BofA Securities Europe SA, HSBC Bank, BNP Paribas, JP Morgan AG Frankfurt. The counterparty to listed option is Société Générale.
| CARMIGNAC | PORTFOLIO Long-Short European Equities |  |
| --- | --- | --- |
| Quantity | Denomination | Currency | Commitment (in absolute value) | Market value (in EUR) | Unrealised (in EUR) |
| Long positions |  |  |  |  |  |
| Listed options |  |  |  |  |  |
|  | Options on equities |  |  |  |  |
| 185.00 | ADVERUM BIOTEC JAN 10.000 15.01.21 PUT | USD | 0.00 | 5,896.78 | (4,952.89) |
| 16.00 | BOOKING HOLDIN JAN 1300.0 21.01.22 CALL | USD | 0.00 | 1,282,563.03 | 755,924.10 |
| 1,225.00 | DELL TECHNOLGE DEC 62.500 17.12.21 CALL | USD | 0.00 | 1,606,902.05 | 497,318.95 |
| 1,158.00 | DEUTSCHE WOHNE SEP 44.000 17.09.21 CALL | EUR | 0.00 | 358,980.00 | 133,007.88 |
| 4,105.00 | GSX TECHEDU IN JAN 30.000 15.01.21 PUT | USD | 0.00 | 268,399.33 | (1,375,364.71) |
| 568.00 | MICROSOFT	SEP 220.00 17.09.21 CALL | USD | 0.00 | 1,025,932.74 | (165,783.90) |
| 924.00 | REGENXBIO INC JAN 30.000 15.01.21 CALL | USD | 0.00 | 1,193,183.77 | 788,335.60 |
| 580.00 | VMWARE	DEC 140.00 17.12.21 PUT | USD | 0.00 | 967,022.19 | (145,903.64) |
| 643.00 | VMWARE	DEC 250.00 17.12.21 PUT | USD | 0.00 | 5,969,907.24 | (787,292.34) |

Options on index
1,533.00 ESTX50	JAN 3600.0 04.01.21 CALL	EUR	0.00	99,645.00	(20,464.02)
Total Purchase of options Short positions
Listed options
12,778,432.13	(325,174.97)
Options on equities
| 588.00 DELL INC | DEC 62.500 17.12.21 PUT | USD | 926,309.41 | (215,054.55) | 292,918.71 |
| --- | --- | --- | --- | --- | --- |
| 3,600.00 GSX TECHEDU IN JAN 15.000 15.01.21 PUT | USD | 167,358.59 | (44,133.87) | 560,448.09 |
| 342.00 MICROSOFT	SEP 230.00 17.09.21 PUT | USD | 3,145,782.83 | (771,460.10) | 413,552.01 |
| 869.00 VMWARE	DEC 140.00 17.12.21 CALL | USD | 5,229,873.61 | (1,147,729.15) | 596,082.48 |
| 32.00 VMWARE	DEC 60.000 17.12.21 CALL | USD | 341,516.56 | (210,011.85) | 37,553.22 |

CARMIGNAC PORTFOLIO Long-Short European Equities
Quantity Denomination
Currency
Commitment (in absolute value)
Market value
(in EUR)
Unrealised (in EUR)
137.00 VMWARE	DEC 65.000 17.12.21 CALL	USD	1,451,124.42	(843,128.60)	153,677.48
Total Sale of options
The counterparty to listed options is Société Générale.
(3,231,518.12)	2,054,231.99
CARMIGNAC PORTFOLIO Patrimoine
|  | Commitment | Market value | Unrealised |
| --- | --- | --- | --- |
| Quantity Denomination	Currency | (in absolute value) | (in EUR) | (in EUR) |

OTC Options long positions at market value OTC options
Options on currency
| 12,400,000.00 | EUR(P)/GBP(C)OTC FEB 0.885 02.02.21 PUT | EUR | 0.00 | 58,522.30 | 7,992.30 |
| --- | --- | --- | --- | --- | --- |
| 30,000,000.00 | EUR(P)/GBP(C)OTC FEB 0.892 02.02.21 PUT | EUR | 0.00 | 230,688.30 | 46,848.30 |
| 12,400,000.00 | EUR(P)/GBP(C)OTC FEB 0.892 02.02.21 PUT | EUR | 0.00 | 95,351.16 | (1,244.84) |
| 60,000,000.00 | EUR(P)/GBP(C)OTC JAN 0.892 29.01.21 PUT | EUR | 0.00 | 429,234.00 | (9,966.00) |
| 45,000,000.00 | EUR(P)/GBP(C)OTC JAN 0.896 21.01.21 PUT | EUR | 0.00 | 365,763.15 | 32,763.15 |
| 2,750,000.00 | USD(P)/BRL(C)OTC FEB 4.950 22.02.21 PUT | USD | 0.00 | 573,104.90 | (287,920.36) |
| 1,375,000.00 | USD(P)/BRL(C)OTC MAR 4.950 01.03.21 PUT | USD | 0.00 | 300,734.54 | (173,067.33) |
| 55,000,000.00 | USD(P)/CNH(C)OTC JAN 6.800 15.01.21 PUT | USD | 0.00 | 2,052,842.92 | 1,885,410.82 |
| 17,000,000.00 | USD(P)/CNH(C)OTC JAN 6.800 15.01.21 PUT | USD | 0.00 | 634,515.08 | 584,696.60 |
| 71,500,000.00 | USD(P)/CNH(C)OTC JAN 6.800 19.01.21 PUT | USD | 0.00 | 2,661,997.80 | 2,456,845.37 |
| 2,400,000.00 | USD(P)/KRW(C)OTC JUN 1050 16.06.21 PUT | USD | 0.00 | 464,896.41 | 23,505.75 |
| 2,500,000.00 | USD(P)/NOK(C)OTC FEB 8.400 24.02.21 PUT | USD | 0.00 | 710,126.27 | 321,536.12 |
| 1,000,000.00 | USD(P)/NOK(C)OTC FEB 8.400 24.02.21 PUT | USD | 0.00 | 284,050.51 | 155,584.71 |
| 1,800,000.00 | USD(P)/RUB(C)OTC FEB 72.00 15.02.21 PUT | USD | 0.00 | 433,232.81 | 36,955.58 |
| 1,800,000.00 | USD(P)/RUB(C)OTC FEB 72.00 19.02.21 PUT | USD | 0.00 | 439,588.08 | (10,356.33) |
| 1,200,000.00 | USD(P)/TRY(C)OTC FEB 7.200 15.02.21 PUT | USD | 0.00 | 196,817.46 | 41,995.12 |
| 600,000.00 | USD(P)/TRY(C)OTC FEB 7.200 19.02.21 PUT | USD | 0.00 | 97,942.87 | 21,929.36 |
| 1,200,000.00 | USD(P)/TRY(C)OTC MAR 7.400 17.03.21 PUT | USD | 0.00 | 343,302.68 | 161,514.19 |
| 600,000.00 | USD(P)/TRY(C)OTC MAR 7.400 18.03.21 PUT | USD | 0.00 | 171,048.18 | 79,340.30 |
| 600,000.00 | USD(P)/TRY(C)OTC MAR 7.400 19.03.21 PUT | USD | 0.00 | 167,571.41 | 60,468.03 |

Total OTC Options long positions at market value OTC Options short positions at market value OTC options
10,711,330.83	5,434,830.84
Options on currency
| 12,400,000.00 | EUR(P)/GBP(C)OTC FEB 0.869 02.02.21 PUT | EUR | 1,389,855.24 | (16,415.37) | 8,074.63 |
| --- | --- | --- | --- | --- | --- |
| 30,000,000.00 | EUR(P)/GBP(C)OTC FEB 0.869 02.02.21 PUT | EUR | 3,362,553.00 | (39,714.60) | (3,624.60) |
| 12,400,000.00 | EUR(P)/GBP(C)OTC FEB 0.885 02.02.21 PUT | EUR | 3,851,537.09 | (58,522.30) | 3,229.70 |
| 60,000,000.00 | EUR(P)/GBP(C)OTC JAN 0.869 29.01.21 PUT | EUR | 5,877,672.00 | (63,415.80) | 43,084.20 |
| 45,000,000.00 | EUR(P)/GBP(C)OTC JAN 0.874 21.01.21 PUT | EUR | 4,751,576.55 | (44,021.25) | 15,828.75 |
| 72,000,000.00 | USD(P)/CNH(C)OTC JAN 6.800 15.01.21 PUT | USD | 61,486,124.02 | (2,687,358.00) | (2,481,091.21) |
| 71,500,000.00 | USD(P)/CNH(C)OTC JAN 6.800 19.01.21 PUT | USD | 60,975,438.42 | (2,661,997.80) | (2,459,351.23) |

Total OTC Options short positions at market value	(5,571,445.12)	(4,873,849.76)
The counterparties to OTC options are Morgan Stanley Bank AG, Société Générale International Limited, Natwest Markets NV, JP Morgan AG Frankfurt, Goldman Sachs International Paris, Société Générale, BofA Securities Europe SA, HSBC Bank, Citibank Europe PLC, Standard Chartered Bank London.
CARMIGNAC PORTFOLIO Sécurité
Quantity Denomination
OTC Options long positions at market value OTC options
Currency
Commitment (in absolute value)
Market value
(in EUR)
Unrealised (in EUR)
Options on interest rates
| 24,000,000.00 IXOVER345M OTC FEB 3.000 17.02.21 PUT | EUR | 0.00 | 105,815.52 | (60,024.48) |
| --- | --- | --- | --- | --- |
| 23,800,000.00 IXOVER345M OTC FEB 3.000 17.02.21 PUT | EUR | 0.00 | 104,933.72 | (124,736.28) |
| 24,000,000.00 IXOVER345M OTC JAN 3.000 20.01.21 PUT | EUR | 0.00 | 38,838.96 | (105,161.04) |
| Total OTC Options long positions at market value |  |  | 249,588.20 | (289,921.80) |
| OTC Options short positions at market value |  |  |  |  |
| OTC options |  |  |  |  |
| Options on interest rates |  |  |  |  |
| 23,800,000.00 | IXOVER345M OTC FEB 4.000 17.02.21 PUT | EUR | 2,153,241.22 | (36,080.09) | 35,319.91 |
| 24,000,000.00 | IXOVER345M OTC FEB 4.000 17.02.21 PUT | EUR | 2,171,335.68 | (36,383.28) | 14,016.72 |
| 24,000,000.00 | IXOVER345M OTC JAN 4.000 20.01.21 PUT | EUR | 495,222.96 | (4,884.00) | 26,316.00 |

Total OTC Options short positions at market value
The counterparty to OTC options is BNP Paribas, BofA Securities Europe SA.
(77,347.37)	75,652.63
CARMIGNAC PORTFOLIO Unconstrained Credit
|  | Commitment | Market value | Unrealised |
| --- | --- | --- | --- |
| Quantity Denomination	Currency | (in absolute value) | (in EUR) | (in EUR) |

OTC Options long positions at market value OTC options
Options on equities
| 1,200,000.00 CASINO GUICHAOTC DEC 20.00 17.12.21 PUT | EUR | 0.00 | 2,920,950.76 | 564,208.51 |
| --- | --- | --- | --- | --- |
| Total OTC Options long positions at market value |  |  | 2,920,950.76 | 564,208.51 |
| OTC Options short positions at market value |  |  |  |  |
| OTC options |  |  |  |  |
| Options on equities 1,200,000.00 CASINO GUICHAOTC DEC 15.00 17.12.21 PUT | EUR | 30,228,000.00 | (1,427,003.45) | (334,686.80) |
| Total OTC Options short positions at market value |  |  | (1,427,003.45) | (334,686.80) |
| The counterparty to OTC options is UBS Limited. |  |  |  |  |

CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt)
|  | Commitment | Market value | Unrealised |
| --- | --- | --- | --- |
| Quantity Denomination	Currency | (in absolute value) | (in EUR) | (in EUR) |

OTC Options long positions at market value OTC options
Options on currency
| 3,000,000.00 | EUR(C)/USD(P)OTC MAR 1.200 02.03.21 CALL | EUR | 0.00 | 72,068.64 | 48,188.64 |
| --- | --- | --- | --- | --- | --- |
| 1,500,000.00 | USD(C)/HUF(P)OTC JAN 325.0 20.01.22 CALL | USD | 0.00 | 20,233.39 | (7,541.88) |
| 2,000,000.00 | USD(C)/JPY(P)OTC FEB 105.0 18.02.21 CALL | USD | 0.00 | 4,804.02 | (1,198.43) |
| 2,000,000.00 | USD(C)/MXN(P)OTC FEB 21.00 18.02.21 CALL | USD | 0.00 | 13,902.73 | (413.32) |
| 2,000,000.00 | USD(C)/ZAR(P)OTC MAR 15.50 18.03.21 CALL | USD | 0.00 | 23,785.02 | (449.73) |
| 250,000.00 | USD(P)/BRL(C)OTC FEB 5.000 12.02.21 PUT | USD | 0.00 | 60,361.24 | 14,634.04 |

CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt)
| Quantity Denomination	Currency | Commitment (in absolute value) | Market value (in EUR) | Unrealised (in EUR) |
| --- | --- | --- | --- |
| 250,000.00 USD(P)/JPY(C)OTC APR 99.00 09.04.21 PUT | USD | 0.00 | 22,622.70 | (4,803.36) |
| 200,000.00 USD(P)/RUB(C)OTC FEB 72.00 16.02.21 PUT | USD | 0.00 | 48,468.80 | 22,194.14 |
| 150,000.00 USD(P)/RUB(C)OTC MAR 71.00 05.03.21 PUT | USD | 0.00 | 28,280.00 | 8,745.59 |
| Options on interest rates |  |  |  |  |
| 2,000,000.00 IXOVER345M OTC FEB 3.000 17.02.21 PUT | EUR | 0.00 | 8,817.96 | (1,082.04) |
| Total OTC Options long positions at market value |  |  | 303,344.50 | 78,273.65 |
| Long positions |  |  |  |  |
| Listed options |  |  |  |  |
| Options on futures |  |  |  |  |
| 49.00 US BOND FUTR MAR 168.00 19.02.21 PUT | USD | 0.00 | 24,403.89 | (1,230.57) |
| Total Purchase of options |  |  | 24,403.89 | (1,230.57) |

The counterparties to OTC options are BofA Securities Europe SA, HSBC Bank, Crédit Agricole CACIB London, Goldman Sachs International Paris, BNP Paribas, JP Morgan AG Frankfurt.
The counterparty to listed option is Société Générale.
CARMIGNAC PORTFOLIO Alpha Themes (launched on 03/04/20)
|  | Commitment | Market value | Unrealised |
| --- | --- | --- | --- |
| Quantity Denomination	Currency | (in absolute value) | (in EUR) | (in EUR) |

Long positions Listed options
Options on index
| 148.00 DJ EURO STOXX JAN 3350.0 15.01.21 PUT | EUR | 0.00 | 21,904.00 | (37,296.00) |
| --- | --- | --- | --- | --- |
| Total Purchase of options |  |  | 21,904.00 | (37,296.00) |
| Short positions |  |  |  |  |
| Listed options |  |  |  |  |
| Options on index 148.00 DJ EURO STOXX JAN 3150.0 15.01.21 PUT | EUR | 247,121.64 | (8,732.00) | 16,872.00 |
| Total Sale of options |  |  | (8,732.00) | 16,872.00 |
| The counterparty to listed options is Société Générale. |  |  |  |  |

As at 31/12/20, the following forward foreign exchange contracts were outstanding :
The contracts marked with an asterisk are those specifically related to the hedging of a class of shares.
CARMIGNAC PORTFOLIO Grande Europe
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 35,723,250.00 | EUR | 39,490,353.27 | 26/01/21 | 404,929.43 | Société Générale |
| EUR | 20,000,000.00 | GBP | 18,451,922.00 | 26/01/21 | (607,023.79) | Morgan Stanley Europe SE |
| CHF | 9,711.89 | EUR | 8,978.19 | 29/01/21 | 3.01 | * CACEIS Bank, Luxembourg Branch |
| USD | 54,846.12 | EUR | 44,943.86 | 29/01/21 | (145.82) | * CACEIS Bank, Luxembourg Branch |
| USD | 1,342,404.78 | EUR | 1,100,038.74 | 29/01/21 | (3,569.25) | * CACEIS Bank, Luxembourg Branch |
| USD | 542,172.90 | EUR | 444,285.66 | 29/01/21 | (1,441.55) | * CACEIS Bank, Luxembourg Branch |
| USD | 164,485.43 | EUR | 134,788.22 | 29/01/21 | (437.35) | * CACEIS Bank, Luxembourg Branch |
| CHF | 631,397.46 | EUR | 582,668.86 | 29/01/21 | 1,224.50 | * CACEIS Bank, Luxembourg Branch |
| CHF | 952,680.04 | EUR | 879,156.21 | 29/01/21 | 1,847.57 | * CACEIS Bank, Luxembourg Branch |
| CHF | 233,470.01 | EUR | 215,110.34 | 29/01/21 | 794.22 | * CACEIS Bank, Luxembourg Branch |
| USD | 3,516.32 | EUR | 2,876.08 | 29/01/21 | (3.97) | * CACEIS Bank, Luxembourg Branch |
| USD | 12,087.29 | EUR | 9,886.46 | 29/01/21 | (13.62) | * CACEIS Bank, Luxembourg Branch |
| EUR | 19,050,333.91 | GBP | 17,271,328.00 | 26/01/21 | (238,086.60) | Goldman Sachs International Paris |
| USD | 36,790.55 | EUR | 30,029.42 | 29/01/21 | 20.92 | * CACEIS Bank, Luxembourg Branch |
| CHF | 26,103.40 | EUR | 24,103.86 | 29/01/21 | 35.61 | * CACEIS Bank, Luxembourg Branch |
| CHF | 18,401.31 | EUR | 16,991.76 | 29/01/21 | 25.10 | * CACEIS Bank, Luxembourg Branch |
| USD | 1,469.97 | EUR | 1,199.83 | 29/01/21 | 0.83 | * CACEIS Bank, Luxembourg Branch |
| USD | 24,423.73 | EUR | 19,940.67 | 29/01/21 | 8.51 | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | (441,832.25) |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Green Gold (formerly Commodities)
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| JPY | 887,127,000.00 | CAD | 10,979,555.45 | 26/01/21 | (19,756.83) | HSBC Bank |
| NOK | 31,724,348.00 | USD | 3,625,172.85 | 26/01/21 | 65,418.07 | Morgan Stanley Europe SE |
|  |  |  |  |  | 45,661.24 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Emerging Discovery
| Currency purchased | Quantity purchased | Currency sold | Quantity sold | Maturity date | Unrealised (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1,589,090.92 | EUR | 1,302,186.65 | 29/01/21 | (4,225.15) | * CACEIS Bank, Luxembourg Branch |
| USD | 1,446,204.97 | EUR | 1,185,098.21 | 29/01/21 | (3,845.24) | * CACEIS Bank, Luxembourg Branch |
| CHF | 410,612.51 | EUR | 378,923.17 | 29/01/21 | 796.31 | * CACEIS Bank, Luxembourg Branch |
| CHF | 136,177.91 | EUR | 125,668.27 | 29/01/21 | 264.10 | * CACEIS Bank, Luxembourg Branch |
| USD | 3,649.41 | EUR | 2,991.52 | 29/01/21 | (10.70) | * CACEIS Bank, Luxembourg Branch |
| USD | 11,781.43 | EUR | 9,618.91 | 29/01/21 | 4.10 | * CACEIS Bank, Luxembourg Branch |
| USD | 38,399.34 | EUR | 31,203.50 | 29/01/21 | 160.89 | * CACEIS Bank, Luxembourg Branch |
| USD | 35,294.95 | EUR | 28,680.86 | 29/01/21 | 147.88 | * CACEIS Bank, Luxembourg Branch |
| CHF | 3,011.28 | EUR | 2,774.07 | 29/01/21 | 10.65 | * CACEIS Bank, Luxembourg Branch |
| CHF | 10,431.86 | EUR | 9,648.86 | 29/01/21 | (1.86) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | (6,699.02) |  |

CARMIGNAC PORTFOLIO Unconstrained Global Bond
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| MXN | 316,589,007.94 | USD | 15,851,949.07 | 26/01/21 | (3,395.41) | Crédit Suisse |
| EUR | 540,104,016.25 | USD | 657,806,724.09 | 26/01/21 | 2,774,458.51 | BofA Securities Europe SA |
| USD | 41,066,173.12 | GBP | 30,529,790.00 | 26/01/21 | (550,455.19) | Société Générale |
| THB | 634,509,514.63 | USD | 21,056,706.06 | 26/01/21 | 99,665.28 | Société Générale |
| CZK | 546,628,754.28 | EUR | 20,654,557.63 | 26/01/21 | 148,928.99 | JP Morgan AG Frankfurt |
| CNH | 204,776,357.53 | EUR | 25,692,859.79 | 26/01/21 | 17,428.91 | Standard Chartered Bank |
| USD | 51,643,913.86 | AUD | 69,626,861.02 | 27/01/21 | (1,714,834.99) | Goldman Sachs International Paris |
| BRL | 110,775,100.46 | USD | 21,484,535.02 | 26/01/21 | (132,105.14) | BofA Securities Europe SA |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Unconstrained Global Bond
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 8,862,187.00 | EUR | 7,300,754.85 | 26/01/21 | (61,688.71) | JP Morgan AG Frankfurt |
| BRL | 53,003,785.43 | USD | 10,348,948.54 | 26/01/21 | (119,617.94) | BofA Securities Europe SA |
| BRL | 52,951,430.10 | USD | 10,348,948.54 | 26/01/21 | (127,855.94) | Goldman Sachs International Paris |
| EUR | 36,813,301.94 | USD | 44,759,663.00 | 26/01/21 | 251,395.84 | HSBC Bank |
| USD | 43,549,779.69 | AUD | 57,106,975.73 | 27/01/21 | (432,134.21) | BofA Securities Europe SA |
| EUR | 11,841,490.86 | USD | 14,461,384.00 | 26/01/21 | 28,688.93 | Société Générale |
| BRL | 108,117,419.41 | USD | 20,864,435.71 | 26/01/21 | (43,391.31) | BNP Paribas SA |
| CNH | 204,270,154.96 | EUR | 25,535,365.33 | 26/01/21 | 111,554.61 | Natwest Markets NV |
| USD | 31,921,519.60 | IDR | 453,030,206,163.20 | 26/01/21 | (210,418.55) | Barclays Bank Ireland PLC |
| EUR | 6,357.60 | CHF | 6,879.50 | 29/01/21 | (4.31) | * CACEIS Bank, Luxembourg Branch |
| EUR | 20,055.26 | CHF | 21,701.60 | 29/01/21 | (13.59) | * CACEIS Bank, Luxembourg Branch |
| EUR | 180,548.77 | CHF | 195,370.02 | 29/01/21 | (122.28) | * CACEIS Bank, Luxembourg Branch |
| USD | 17,407.53 | EUR | 14,284.02 | 29/01/21 | (65.64) | * CACEIS Bank, Luxembourg Branch |
| GBP | 17,009.77 | EUR | 18,606.25 | 29/01/21 | 389.05 | * CACEIS Bank, Luxembourg Branch |
| CHF | 585.61 | EUR | 541.37 | 29/01/21 | 0.18 | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,407,638.47 | USD | 1,717,574.00 | 26/01/21 | 4,636.39 | Standard Chartered Bank AG |
| CHF | 1,430.97 | EUR | 1,320.74 | 29/01/21 | 2.57 | * CACEIS Bank, Luxembourg Branch |
| CHF | 501.03 | EUR | 462.44 | 29/01/21 | 0.89 | * CACEIS Bank, Luxembourg Branch |
| GBP | 2,447,194.35 | EUR | 2,714,568.49 | 29/01/21 | 18,284.19 | * CACEIS Bank, Luxembourg Branch |
| USD | 793,660.90 | EUR | 650,368.47 | 29/01/21 | (2,110.23) | * CACEIS Bank, Luxembourg Branch |
| USD | 3,743,851.54 | EUR | 3,067,913.50 | 29/01/21 | (9,954.33) | * CACEIS Bank, Luxembourg Branch |
| USD | 15,063,139.73 | EUR | 12,343,547.60 | 29/01/21 | (40,050.59) | * CACEIS Bank, Luxembourg Branch |
| USD | 2,948,865.01 | EUR | 2,416,458.74 | 29/01/21 | (7,840.58) | * CACEIS Bank, Luxembourg Branch |
| CHF | 4,072,390.27 | EUR | 3,758,100.34 | 29/01/21 | 7,897.76 | * CACEIS Bank, Luxembourg Branch |
| CHF | 12,845,792.74 | EUR | 11,854,408.55 | 29/01/21 | 24,912.41 | * CACEIS Bank, Luxembourg Branch |
| CHF | 117,670,355.88 | EUR | 108,589,053.35 | 29/01/21 | 228,203.25 | * CACEIS Bank, Luxembourg Branch |
| CHF | 13,911.20 | EUR | 12,839.62 | 29/01/21 | 24.95 | * CACEIS Bank, Luxembourg Branch |
| EUR | 49,174.56 | CHF | 53,291.95 | 29/01/21 | (107.87) | * CACEIS Bank, Luxembourg Branch |
| CHF | 98,634.27 | EUR | 91,017.14 | 29/01/21 | 196.24 | * CACEIS Bank, Luxembourg Branch |
| EUR | 25.65 | GBP | 23.13 | 29/01/21 | (0.18) | * CACEIS Bank, Luxembourg Branch |
| USD | 18,796.98 | EUR | 15,404.19 | 29/01/21 | (50.91) | * CACEIS Bank, Luxembourg Branch |
| CHF | 21,654.44 | EUR | 19,951.57 | 29/01/21 | 73.67 | * CACEIS Bank, Luxembourg Branch |
| EUR | 215.38 | CHF | 234.27 | 29/01/21 | (1.27) | * CACEIS Bank, Luxembourg Branch |
| EUR | 564.45 | CHF | 613.95 | 29/01/21 | (3.31) | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,004.88 | CHF | 4,356.11 | 29/01/21 | (23.48) | * CACEIS Bank, Luxembourg Branch |
| EUR | 89.53 | GBP | 80.63 | 29/01/21 | (0.51) | * CACEIS Bank, Luxembourg Branch |
| CHF | 5,395.16 | EUR | 4,968.83 | 29/01/21 | 20.42 | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,698.75 | EUR | 1,564.51 | 29/01/21 | 6.43 | * CACEIS Bank, Luxembourg Branch |
| CHF | 52,072.07 | EUR | 47,957.29 | 29/01/21 | 197.06 | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,124.50 | USD | 5,043.10 | 29/01/21 | 5.32 | * CACEIS Bank, Luxembourg Branch |
| EUR | 113.33 | GBP | 103.01 | 29/01/21 | (1.71) | * CACEIS Bank, Luxembourg Branch |
| EUR | 197,571.79 | CHF | 214,039.40 | 29/01/21 | (363.98) | * CACEIS Bank, Luxembourg Branch |
| EUR | 6,942.40 | CHF | 7,521.05 | 29/01/21 | (12.78) | * CACEIS Bank, Luxembourg Branch |
| EUR | 21,837.01 | CHF | 23,657.13 | 29/01/21 | (40.24) | * CACEIS Bank, Luxembourg Branch |
| EUR | 12.37 | GBP | 11.23 | 29/01/21 | (0.17) | * CACEIS Bank, Luxembourg Branch |
| USD | 16,193.52 | EUR | 13,221.14 | 29/01/21 | 5.65 | * CACEIS Bank, Luxembourg Branch |
| EUR | 848,920.92 | CHF | 919,555.38 | 29/01/21 | (1,450.12) | * CACEIS Bank, Luxembourg Branch |
| CHF | 187,562.56 | EUR | 172,787.50 | 29/01/21 | 663.52 | * CACEIS Bank, Luxembourg Branch |
| CHF | 6,445.90 | EUR | 5,938.13 | 29/01/21 | 22.80 | * CACEIS Bank, Luxembourg Branch |
| CHF | 20,280.37 | EUR | 18,682.80 | 29/01/21 | 71.75 | * CACEIS Bank, Luxembourg Branch |
| GBP | 5.86 | EUR | 6.48 | 29/01/21 | 0.06 | * CACEIS Bank, Luxembourg Branch |
| EUR | 44,827.61 | USD | 55,175.50 | 29/01/21 | (239.60) | * CACEIS Bank, Luxembourg Branch |
| CHF | 913.70 | EUR | 841.58 | 29/01/21 | 3.38 | * CACEIS Bank, Luxembourg Branch |
| EUR | 3,058.80 | USD | 3,764.88 | 29/01/21 | (16.34) | * CACEIS Bank, Luxembourg Branch |
| CHF | 45,017.14 | EUR | 41,638.20 | 29/01/21 | (7.99) | * CACEIS Bank, Luxembourg Branch |
| CHF | 4,964.52 | EUR | 4,591.89 | 29/01/21 | (0.88) | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,552.96 | EUR | 1,436.40 | 29/01/21 | (0.28) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 259,358.45 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 223,060,754.11 | USD | 271,616,619.06 | 26/01/21 | 1,190,687.37 | BofA Securities Europe SA |
| EUR | 36,325,602.99 | AUD | 59,503,045.00 | 27/01/21 | (1,190,242.35) | Citibank Dublin |
| EUR | 30,546,813.22 | GBP | 27,623,419.05 | 26/01/21 | (302,674.86) | Standard Chartered Bank |
| EUR | 274,441.14 | USD | 334,116.00 | 26/01/21 | 1,518.48 | Morgan Stanley Europe SE |
| USD | 1,193,166.00 | EUR | 978,336.99 | 26/01/21 | (3,698.38) | Société Générale |
| USD | 2,538,683.00 | EUR | 2,066,217.73 | 26/01/21 | 7,515.84 | Société Générale |
| USD | 596,458.00 | EUR | 485,421.36 | 26/01/21 | 1,797.81 | BNP Paribas SA |
| EUR | 8,870.37 | USD | 10,813.34 | 29/01/21 | 38.11 | * CACEIS Bank, Luxembourg Branch |
| EUR | 7,794.91 | CHF | 8,434.79 | 29/01/21 | (5.28) | * CACEIS Bank, Luxembourg Branch |
| EUR | 5,051.14 | CHF | 5,465.79 | 29/01/21 | (3.42) | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,877.76 | USD | 5,945.62 | 29/01/21 | 21.42 | * CACEIS Bank, Luxembourg Branch |
| CHF | 12,956.77 | EUR | 11,977.93 | 29/01/21 | 4.02 | * CACEIS Bank, Luxembourg Branch |
| USD | 25,548.90 | EUR | 20,939.83 | 29/01/21 | (71.62) | * CACEIS Bank, Luxembourg Branch |
| CHF | 19,208.13 | EUR | 17,728.52 | 29/01/21 | 34.46 | * CACEIS Bank, Luxembourg Branch |
| USD | 17,878,686.18 | EUR | 14,650,757.94 | 29/01/21 | (47,536.71) | * CACEIS Bank, Luxembourg Branch |
| CHF | 8,263,074.45 | EUR | 7,625,365.16 | 29/01/21 | 16,024.94 | * CACEIS Bank, Luxembourg Branch |
| CHF | 13,563,310.78 | EUR | 12,516,551.57 | 29/01/21 | 26,303.92 | * CACEIS Bank, Luxembourg Branch |
| CHF | 11,654.45 | EUR | 10,756.71 | 29/01/21 | 20.90 | * CACEIS Bank, Luxembourg Branch |
| CHF | 56,917.00 | EUR | 52,521.53 | 29/01/21 | 113.24 | * CACEIS Bank, Luxembourg Branch |
| CHF | 17,416.18 | EUR | 16,071.20 | 29/01/21 | 34.65 | * CACEIS Bank, Luxembourg Branch |
| EUR | 16,665.88 | USD | 20,413.45 | 29/01/21 | (7.72) | * CACEIS Bank, Luxembourg Branch |
| EUR | 15,579.34 | CHF | 16,945.65 | 29/01/21 | (91.36) | * CACEIS Bank, Luxembourg Branch |
| EUR | 9,599.59 | CHF | 10,441.47 | 29/01/21 | (56.29) | * CACEIS Bank, Luxembourg Branch |
| EUR | 13,506.90 | USD | 16,518.60 | 29/01/21 | 14.60 | * CACEIS Bank, Luxembourg Branch |
| EUR | 15,138.45 | CHF | 16,444.60 | 29/01/21 | (68.90) | * CACEIS Bank, Luxembourg Branch |
| EUR | 9,381.04 | CHF | 10,190.44 | 29/01/21 | (42.70) | * CACEIS Bank, Luxembourg Branch |
| USD | 39,657.60 | EUR | 32,435.77 | 29/01/21 | (43.64) | * CACEIS Bank, Luxembourg Branch |
| USD | 35,150.15 | EUR | 28,690.49 | 29/01/21 | 19.98 | * CACEIS Bank, Luxembourg Branch |
| CHF | 26,113.03 | EUR | 24,112.76 | 29/01/21 | 35.62 | * CACEIS Bank, Luxembourg Branch |
| CHF | 15,656.49 | EUR | 14,457.19 | 29/01/21 | 21.36 | * CACEIS Bank, Luxembourg Branch |
| USD | 67,080.58 | EUR | 54,767.70 | 29/01/21 | 23.38 | * CACEIS Bank, Luxembourg Branch |
| USD | 10,296.97 | EUR | 8,367.37 | 29/01/21 | 43.14 | * CACEIS Bank, Luxembourg Branch |
| CHF | 3,449.14 | EUR | 3,177.44 | 29/01/21 | 12.20 | * CACEIS Bank, Luxembourg Branch |
| CHF | 5,805.65 | EUR | 5,348.32 | 29/01/21 | 20.53 | * CACEIS Bank, Luxembourg Branch |
| EUR | 3,959.97 | USD | 4,874.08 | 29/01/21 | (21.17) | * CACEIS Bank, Luxembourg Branch |
| EUR | 966.88 | USD | 1,183.88 | 29/01/21 | (0.11) | * CACEIS Bank, Luxembourg Branch |
| EUR | 2,079.71 | CHF | 2,249.23 | 29/01/21 | (0.30) | * CACEIS Bank, Luxembourg Branch |
| EUR | 3,274.49 | CHF | 3,541.39 | 29/01/21 | (0.47) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | (300,259.31) |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Emerging Patrimoine
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 25,736,544.72 | USD | 31,348,007.10 | 26/01/21 | 129,917.43 | Standard Chartered Bank |
| THB | 873,671,522.54 | USD | 28,992,593.91 | 26/01/21 | 137,962.83 | Morgan Stanley Europe SE |
| JPY | 2,334,174,914.00 | EUR | 18,446,295.90 | 26/01/21 | 26,277.31 | HSBC Bank |
| RUB | 1,048,082,118.97 | USD | 14,044,877.70 | 26/01/21 | 75,592.73 | Société Générale |
| BRL | 150,421,219.16 | USD | 29,173,793.91 | 26/01/21 | (179,385.23) | BofA Securities Europe SA |
| USD | 31,103,176.65 | EUR | 25,703,318.18 | 26/01/21 | (296,771.39) | Goldman Sachs International Paris |
| USD | 20,529,642.00 | EUR | 16,912,516.44 | 26/01/21 | (142,904.57) | JP Morgan AG Frankfurt |
| USD | 15,357,957.41 | BRL | 78,148,966.28 | 26/01/21 | 257,644.44 | BofA Securities Europe SA |
| TRY | 151,214,917.38 | USD | 18,671,504.98 | 26/01/21 | 1,258,099.85 | HSBC Bank |
| USD | 14,261,326.63 | RUB | 1,048,082,118.97 | 26/01/21 | 101,721.77 | Goldman Sachs International Finance |
| EUR | 2,844,395.61 | USD | 3,451,851.00 | 26/01/21 | 24,755.92 | Morgan Stanley Europe SE |
| BRL | 64,013,260.24 | USD | 12,478,218.37 | 26/01/21 | (127,852.15) | Citibank Dublin |
| USD | 126,499.92 | EUR | 103,801.51 | 29/01/21 | (477.01) | * CACEIS Bank, Luxembourg Branch |
| USD | 1,163,185.91 | EUR | 953,177.15 | 29/01/21 | (3,092.73) | * CACEIS Bank, Luxembourg Branch |
| USD | 6,414,711.67 | EUR | 5,256,560.07 | 29/01/21 | (17,055.74) | * CACEIS Bank, Luxembourg Branch |
| CHF | 2,590,263.90 | EUR | 2,390,358.24 | 29/01/21 | 5,023.41 | * CACEIS Bank, Luxembourg Branch |
| CHF | 2,507,479.31 | EUR | 2,313,962.62 | 29/01/21 | 4,862.86 | * CACEIS Bank, Luxembourg Branch |
| CHF | 24,858.07 | EUR | 22,938.38 | 29/01/21 | 49.46 | * CACEIS Bank, Luxembourg Branch |
| USD | 12,207.43 | EUR | 10,006.75 | 29/01/21 | (35.78) | * CACEIS Bank, Luxembourg Branch |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Emerging Patrimoine
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 1,490.46 | EUR | 1,219.04 | 29/01/21 | (1.64) | * CACEIS Bank, Luxembourg Branch |
| CHF | 584.83 | EUR | 539.93 | 29/01/21 | 0.90 | * CACEIS Bank, Luxembourg Branch |
| USD | 5,648.23 | EUR | 4,611.48 | 29/01/21 | 1.97 | * CACEIS Bank, Luxembourg Branch |
| CHF | 6,401.94 | EUR | 5,896.60 | 29/01/21 | 23.68 | * CACEIS Bank, Luxembourg Branch |
| CHF | 64,082.02 | EUR | 59,272.09 | 29/01/21 | (11.37) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 1,254,346.95 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Emergents
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| HKD | 5,629,865.58 | EUR | 596,578.20 | 26/01/21 | (3,436.39) | Standard Chartered Bank |
| KRW | 1,028,215,256.00 | EUR | 777,786.07 | 26/01/21 | (4,423.18) | UBS Europe SE |
| EUR | 599,000.00 | HKD | 5,629,625.85 | 26/01/21 | 5,884.57 | JP Morgan AG Frankfurt |
| TWD | 26,550,027.00 | EUR | 784,000.00 | 26/01/21 | (12,083.71) | UBS Europe SE |
| EUR | 781,000.00 | KRW | 1,028,165,999.00 | 26/01/21 | 7,675.12 | UBS Europe SE |
| EUR | 300,000.00 | INR | 26,932,890.00 | 27/01/21 | (307.92) | UBS Europe SE |
| EUR | 227,000.00 | BRL | 1,400,296.17 | 26/01/21 | 6,829.83 | BNP Paribas SA |
| EUR | 421,000.00 | CNY | 3,342,613.70 | 26/01/21 | 4,122.44 | Standard Chartered Bank AG |
| CNY | 4,142,476.00 | EUR | 520,000.00 | 26/01/21 | (3,363.24) | HSBC Bank |
| EUR | 779,000.00 | TWD | 26,391,931.00 | 26/01/21 | 11,680.05 | BNP Paribas SA |
| EUR | 17,891.95 | CHF | 19,360.41 | 29/01/21 | (11.85) | * CACEIS Bank, Luxembourg Branch |
| USD | 196,621.15 | EUR | 161,340.59 | 29/01/21 | (741.42) | * CACEIS Bank, Luxembourg Branch |
| USD | 1,319,988.84 | EUR | 1,081,669.92 | 29/01/21 | (3,509.65) | * CACEIS Bank, Luxembourg Branch |
| USD | 1,986,582.62 | EUR | 1,627,912.74 | 29/01/21 | (5,282.02) | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,635,636.29 | EUR | 1,509,404.77 | 29/01/21 | 3,172.06 | * CACEIS Bank, Luxembourg Branch |
| CHF | 20,814,221.05 | EUR | 19,207,867.12 | 29/01/21 | 40,365.93 | * CACEIS Bank, Luxembourg Branch |
| CHF | 65,635.50 | EUR | 60,566.73 | 29/01/21 | 130.59 | * CACEIS Bank, Luxembourg Branch |
| CHF | 58,397.52 | EUR | 53,805.24 | 29/01/21 | 198.66 | * CACEIS Bank, Luxembourg Branch |
| CHF | 449,942.61 | EUR | 414,387.73 | 29/01/21 | 1,702.80 | * CACEIS Bank, Luxembourg Branch |
| CHF | 48,913.32 | EUR | 45,043.43 | 29/01/21 | 189.83 | * CACEIS Bank, Luxembourg Branch |
| RUB | 26,349,720.88 | EUR | 291,000.00 | 11/01/21 | (142.32) | UBS Europe SE |
| EUR | 100,000.00 | CNY | 803,010.00 | 26/01/21 | (150.54) | HSBC Bank |
| INR | 26,982,059.00 | EUR | 299,000.00 | 27/01/21 | 1,861.06 | Barclays Bank Ireland PLC |
| BRL | 1,396,741.05 | EUR | 219,000.00 | 26/01/21 | 616.54 | BNP Paribas SA |
| EUR | 48,568.94 | CHF | 52,610.12 | 29/01/21 | (82.96) | * CACEIS Bank, Luxembourg Branch |
| USD | 50,332.49 | EUR | 41,118.24 | 29/01/21 | (6.91) | * CACEIS Bank, Luxembourg Branch |
| USD | 39,946.92 | EUR | 32,633.93 | 29/01/21 | (5.49) | * CACEIS Bank, Luxembourg Branch |
| CHF | 38,246.75 | EUR | 35,375.99 | 29/01/21 | (6.79) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 50,875.09 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Long-Short European Equities
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 14,387,978.96 | USD | 17,519,954.22 | 26/01/21 | 76,802.33 | BofA Securities Europe SA |
| GBP | 3,399,999.88 | USD | 4,578,156.28 | 26/01/21 | 57,416.19 | HSBC Bank |
| EUR | 4,075,600.28 | PLN | 18,224,283.86 | 26/01/21 | 79,729.90 | Goldman Sachs International Finance |
| EUR | 25,839,472.04 | GBP | 23,366,580.30 | 26/01/21 | (256,031.90) | Standard Chartered Bank |
| EUR | 7,688,282.90 | NOK | 81,888,128.74 | 26/01/21 | (124,198.57) | BNP Paribas SA |
| EUR | 11,937,064.20 | CHF | 12,923,399.94 | 26/01/21 | (13,760.37) | Standard Chartered Bank |
| EUR | 6,926,036.84 | HKD | 65,360,511.72 | 26/01/21 | 39,895.13 | Standard Chartered Bank |
| EUR | 874,000.00 | HKD | 8,252,485.86 | 26/01/21 | 4,548.40 | Goldman Sachs International Paris |
| EUR | 5,097,000.00 | USD | 6,209,924.85 | 26/01/21 | 24,420.65 | BofA Securities Europe SA |
| NOK | 7,293,018.34 | EUR | 683,000.00 | 26/01/21 | 12,786.43 | Société Générale |
| GBP | 2,627,503.29 | EUR | 2,898,000.00 | 26/01/21 | 36,365.51 | Société Générale |
| GBP | 4,247,754.85 | EUR | 4,709,638.00 | 26/01/21 | 34,196.82 | Morgan Stanley Europe SE |
| EUR | 6,609,000.00 | USD | 8,004,548.51 | 26/01/21 | 70,502.75 | Goldman Sachs International Paris |
| USD | 8,019,124.08 | EUR | 6,600,000.00 | 26/01/21 | (49,585.37) | HSBC Bank |
| USD | 9,490,093.29 | GBP | 7,166,583.67 | 26/01/21 | (251,651.50) | Goldman Sachs International Paris |
| USD | 9,488,829.94 | GBP | 7,164,532.40 | 26/01/21 | (250,391.95) | HSBC Bank |
| GBP | 3,567,416.00 | USD | 4,780,704.88 | 26/01/21 | 78,943.03 | Morgan Stanley Europe SE |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Long-Short European Equities
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| GBP | 7,300,000.00 | USD | 9,812,389.90 | 26/01/21 | 137,318.10 | Standard Chartered Bank AG |
| NOK | 6,252,218.00 | EUR | 589,215.76 | 26/01/21 | 7,271.64 | Morgan Stanley Europe SE |
| EUR | 292,047.86 | USD | 355,440.00 | 26/01/21 | 1,706.74 | Morgan Stanley Europe SE |
| GBP | 396,559.00 | EUR | 437,883.39 | 26/01/21 | 4,988.96 | BNP Paribas SA |
| GBP | 1,376,558.00 | EUR | 1,519,932.49 | 26/01/21 | 17,391.07 | BNP Paribas SA |
| GBP | 3,222,954.11 | EUR | 3,541,000.00 | 26/01/21 | 58,363.21 | Société Générale |
| GBP | 63,700.00 | USD | 85,008.35 | 26/01/21 | 1,700.74 | Credit Agricole CIB |
| EUR | 3,740,000.00 | USD | 4,544,561.89 | 26/01/21 | 27,778.34 | Credit Agricole CIB |
| EUR | 3,832,021.00 | USD | 4,664,732.19 | 26/01/21 | 21,634.61 | Goldman Sachs International Paris |
| EUR | 1,615,000.00 | USD | 1,962,430.11 | 26/01/21 | 11,990.56 | Standard Chartered Bank AG |
| EUR | 980,656.76 | USD | 1,193,615.00 | 26/01/21 | 5,652.43 | Morgan Stanley Europe SE |
| EUR | 1,014,521.85 | GBP | 919,150.00 | 26/01/21 | (11,974.05) | Morgan Stanley Europe SE |
| CHF | 3,780,235.17 | EUR | 3,509,000.00 | 26/01/21 | (13,251.02) | Standard Chartered Bank AG |
| GBP | 10,710,836.00 | EUR | 11,846,596.45 | 26/01/21 | 115,130.09 | Société Générale |
| EUR | 603,000.00 | GBP | 544,908.25 | 26/01/21 | (5,546.54) | Société Générale |
| GBP | 7,198,820.98 | USD | 9,719,410.40 | 26/01/21 | 100,253.56 | HSBC Bank |
| EUR | 11,867,792.69 | GBP | 10,710,836.00 | 26/01/21 | (93,926.07) | Société Générale |
| GBP | 10,710,836.00 | USD | 14,465,972.63 | 26/01/21 | 145,196.85 | Standard Chartered Bank AG |
| EUR | 800,200.33 | HKD | 7,562,070.00 | 26/01/21 | 3,488.10 | Morgan Stanley Europe SE |
| GBP | 7,220,585.33 | USD | 9,741,667.14 | 26/01/21 | 106,382.46 | UBS Europe SE |
| EUR | 657,000.00 | GBP | 592,753.42 | 26/01/21 | (4,979.03) | Goldman Sachs International Paris |
| USD | 1,274,370.14 | EUR | 1,040,000.00 | 26/01/21 | 972.94 | Société Générale |
| NOK | 150,963,385.94 | EUR | 14,216,000.00 | 26/01/21 | 186,536.14 | BofA Securities Europe SA |
| EUR | 14,105,000.00 | NOK | 149,545,301.86 | 26/01/21 | (162,232.54) | Goldman Sachs International Paris |
| GBP | 11,185,025.91 | USD | 15,033,643.45 | 26/01/21 | 211,096.56 | Goldman Sachs International Paris |
| EUR | 841,000.00 | GBP | 759,888.27 | 26/01/21 | (7,633.44) | BNP Paribas SA |
| USD | 895,188.72 | EUR | 732,000.00 | 26/01/21 | (763.27) | BNP Paribas SA |
| GBP | 19,598,769.85 | EUR | 21,740,080.85 | 29/01/21 | 146,432.04 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,179,414.99 | EUR | 1,785,929.97 | 29/01/21 | (5,794.73) | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,914,153.37 | EUR | 1,766,427.07 | 29/01/21 | 3,712.20 | * CACEIS Bank, Luxembourg Branch |
| EUR | 50.02 | GBP | 45.11 | 29/01/21 | (0.36) | * CACEIS Bank, Luxembourg Branch |
| USD | 25,190,844.21 | GBP | 18,670,402.26 | 26/01/21 | (273,739.95) | Goldman Sachs International Paris |
| GBP | 984,095.03 | EUR | 1,085,000.00 | 26/01/21 | 14,026.19 | BNP Paribas SA |
| EUR | 1,117,000.00 | USD | 1,366,946.68 | 26/01/21 | 406.43 | BNP Paribas SA |
| EUR | 2,404,000.00 | HKD | 22,838,826.98 | 26/01/21 | (2,221.68) | Morgan Stanley Europe SE |
| USD | 13,641.06 | EUR | 11,083.53 | 29/01/21 | 58.42 | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 317,413.18 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Investissement
Currency
Quantity Currency
Quantity
Maturity
Unrealised
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 365,644.99 | EUR | 302,000.00 | 26/01/21 | (3,323.78) | Barclays Bank Ireland PLC |
| EUR | 366,000.00 | CNY | 2,907,979.80 | 26/01/21 | 3,327.73 | HSBC Bank |
| EUR | 347,000.00 | USD | 420,886.50 | 26/01/21 | 3,199.54 | Barclays Bank Ireland PLC |
| USD | 481,634.01 | EUR | 396,000.00 | 26/01/21 | (2,577.45) | Morgan Stanley Europe SE |
| EUR | 350,000.00 | USD | 426,886.50 | 26/01/21 | 1,297.40 | Goldman Sachs International Paris |
| CNY | 2,908,064.50 | EUR | 365,000.00 | 26/01/21 | (2,315.12) | Société Générale |
| USD | 3,116,179.75 | EUR | 2,553,565.44 | 29/01/21 | (8,285.44) | * CACEIS Bank, Luxembourg Branch |
| USD | 88,362.09 | EUR | 72,408.65 | 29/01/21 | (234.94) | * CACEIS Bank, Luxembourg Branch |
| CNY | 5,514,823.80 | EUR | 687,000.00 | 26/01/21 | 802.43 | JP Morgan AG Frankfurt |
| USD | 6,447,467.06 | EUR | 5,244,000.00 | 26/01/21 | 22,641.71 | Société Générale |
| HKD | 7,938,716.66 | EUR | 833,000.00 | 26/01/21 | 3,397.58 | Société Générale |
|  |  |  |  |  | 17,929.66 |  |

CARMIGNAC PORTFOLIO Patrimoine
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| MXN | 56,067,235.00 | USD | 2,135,000.00 | 25/03/21 | 538,720.46 | Goldman Sachs International Paris |
| RUB | 97,779,210.00 | USD | 1,150,000.00 | 24/03/21 | 132,784.74 | Morgan Stanley Europe SE |
| USD | 1,150,000.00 | RUB | 97,359,000.00 | 24/03/21 | (128,141.49) | Natwest Markets NV |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 2,135,000.00 | MXN | 56,067,235.00 | 25/03/21 | (538,720.46) | Natwest Markets NV |
| USD | 4,143,367.41 | RUB | 316,346,102.02 | 24/03/21 | (81,223.74) | Natwest Markets NV |
| RUB | 316,346,102.02 | USD | 4,173,431.43 | 24/03/21 | 56,449.46 | Natwest Markets NV |
| EUR | 1,766,000.00 | USD | 1,942,324.50 | 24/03/21 | 181,685.61 | Credit Agricole CIB |
| USD | 1,579,879.24 | EUR | 1,431,000.00 | 23/06/21 | (145,202.90) | Société Générale, Paris |
| TRY | 23,724,000.00 | USD | 3,000,000.00 | 16/02/21 | 118,626.15 | Goldman Sachs International Paris |
| USD | 3,000,000.00 | TRY | 23,760,000.00 | 16/02/21 | (122,584.78) | JP Morgan AG Frankfurt |
| USD | 11,000,000.00 | BRL | 59,697,000.00 | 19/01/21 | (402,827.50) | HSBC Bank |
| BRL | 64,232,120.00 | USD | 11,800,000.00 | 19/01/21 | 462,573.98 | Goldman Sachs International Paris |
| USD | 700,000.00 | BRL | 3,795,400.00 | 19/01/21 | (25,083.76) | Banco Santander Central, Madrid |
| USD | 5,850,000.00 | BRL | 31,701,150.00 | 21/01/21 | (206,642.43) | HSBC Bank |
| USD | 2,166,354.57 | NOK | 19,158,000.00 | 30/11/21 | (55,740.69) | Goldman Sachs International Paris |
| NOK | 19,158,000.00 | USD | 2,166,288.60 | 30/11/21 | 55,794.69 | UBS Europe SE |
| USD | 641,780.63 | EUR | 530,753.87 | 16/12/21 | (10,425.88) | Goldman Sachs International Paris |
| EUR | 632,709.08 | USD | 763,670.94 | 16/12/21 | 13,566.79 | HSBC Bank |
| CNH | 127,112,050.60 | EUR | 15,956,991.09 | 26/01/21 | 2,292.97 | Barclays Bank Ireland PLC |
| CZK | 803,833,461.23 | EUR | 30,392,076.29 | 26/01/21 | 200,045.02 | BNP Paribas SA |
| USD | 3,637,180.80 | GBP | 2,700,000.00 | 26/01/21 | (44,298.99) | Standard Chartered Bank |
| CNH | 339,003,112.63 | USD | 51,835,266.99 | 26/01/21 | 221,485.51 | BofA Securities Europe SA |
| JPY | 3,899,121,862.00 | EUR | 30,834,056.61 | 26/01/21 | 23,442.95 | HSBC Bank |
| EUR | 787,643.23 | GBP | 712,157.71 | 26/01/21 | (7,685.53) | Standard Chartered Bank |
| EUR | 276,029,892.37 | USD | 336,196,128.01 | 26/01/21 | 1,408,010.73 | UBS Europe SE |
| EUR | 175,183,093.88 | USD | 213,367,752.85 | 26/01/21 | 893,597.70 | UBS Europe SE |
| RUB | 1,979,136,045.97 | USD | 26,339,839.71 | 26/01/21 | 291,571.35 | HSBC Bank |
| RUB | 134,460,000.00 | USD | 1,800,000.00 | 26/01/21 | 11,203.64 | BofA Securities Europe SA |
| BRL | 92,869,611.34 | USD | 18,011,813.20 | 26/01/21 | (110,751.90) | BofA Securities Europe SA |
| EUR | 698,561.85 | GBP | 629,976.00 | 26/01/21 | (4,986.75) | Morgan Stanley Europe SE |
| RUB | 148,900,000.00 | USD | 2,000,000.00 | 26/01/21 | 6,923.58 | HSBC Bank |
| USD | 13,009,271.63 | BRL | 66,396,837.63 | 26/01/21 | 186,905.78 | Banco Santander Central, Madrid |
| USD | 2,321,756.00 | BRL | 11,791,966.55 | 26/01/21 | 42,456.78 | Goldman Sachs International Paris |
| USD | 3,904,175.00 | BRL | 19,866,394.49 | 26/01/21 | 65,496.28 | BofA Securities Europe SA |
| USD | 3,490,253.25 | EUR | 2,888,645.70 | 26/01/21 | (37,643.99) | Goldman Sachs International Paris |
| BRL | 22,967,100.00 | USD | 4,500,000.00 | 26/01/21 | (64,658.41) | HSBC Bank |
| BRL | 8,676,460.00 | USD | 1,700,000.00 | 26/01/21 | (24,426.51) | HSBC Bank |
| EUR | 1,505,730.85 | USD | 1,829,794.69 | 26/01/21 | 11,064.49 | Morgan Stanley Europe SE |
| MXN | 186,059,144.31 | USD | 9,285,083.43 | 26/01/21 | 23,484.77 | Goldman Sachs International Paris |
| EUR | 1,069,000.00 | USD | 1,298,227.17 | 26/01/21 | 8,544.53 | Barclays Bank Ireland PLC |
| EUR | 1,698,000.00 | USD | 2,066,236.77 | 26/01/21 | 10,194.87 | Standard Chartered Bank AG |
| BRL | 47,809,463.35 | USD | 9,383,604.19 | 26/01/21 | (147,821.77) | JP Morgan AG Frankfurt |
| USD | 1,490,716.46 | EUR | 1,221,000.00 | 26/01/21 | (3,306.34) | UBS Europe SE |
| MXN | 114,615,392.08 | USD | 5,726,626.39 | 26/01/21 | 8,839.91 | BofA Securities Europe SA |
| MXN | 73,298,658.59 | USD | 3,656,979.00 | 26/01/21 | 9,999.60 | Natwest Markets NV |
| BRL | 24,069,535.80 | USD | 4,691,917.31 | 26/01/21 | (48,073.51) | Citibank Dublin |
| USD | 2,002,686.28 | EUR | 1,632,000.00 | 26/01/21 | 3,901.37 | Société Générale |
| GBP | 1,578,660.55 | EUR | 1,751,140.93 | 29/01/21 | 11,794.94 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,684,160.35 | EUR | 2,199,545.49 | 29/01/21 | (7,136.77) | * CACEIS Bank, Luxembourg Branch |
| USD | 39,041,951.77 | EUR | 31,993,077.07 | 29/01/21 | (103,806.61) | * CACEIS Bank, Luxembourg Branch |
| USD | 8,023,340.81 | EUR | 6,574,757.39 | 29/01/21 | (21,332.84) | * CACEIS Bank, Luxembourg Branch |
| USD | 8,414,543.20 | EUR | 6,895,329.69 | 29/01/21 | (22,372.99) | * CACEIS Bank, Luxembourg Branch |
| USD | 442,500.36 | EUR | 362,608.62 | 29/01/21 | (1,176.54) | * CACEIS Bank, Luxembourg Branch |
| CHF | 2,561,363.24 | EUR | 2,363,688.01 | 29/01/21 | 4,967.36 | * CACEIS Bank, Luxembourg Branch |
| CHF | 2,353,172.78 | EUR | 2,171,564.81 | 29/01/21 | 4,563.62 | * CACEIS Bank, Luxembourg Branch |
| CHF | 102,044,665.89 | EUR | 94,169,288.31 | 29/01/21 | 197,899.67 | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,073,000.00 | USD | 4,973,515.86 | 26/01/21 | 10,376.82 | Standard Chartered Bank AG |
| EUR | 8,650,000.00 | USD | 10,562,463.10 | 26/01/21 | 22,037.69 | Standard Chartered Bank AG |
| USD | 177.57 | EUR | 145.52 | 29/01/21 | (0.48) | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,672,134.20 | CHF | 5,063,332.00 | 29/01/21 | (10,248.85) | * CACEIS Bank, Luxembourg Branch |
| CHF | 22,900.13 | EUR | 21,131.64 | 29/01/21 | 45.57 | * CACEIS Bank, Luxembourg Branch |
| USD | 61,166.82 | EUR | 50,140.03 | 29/01/21 | (179.28) | * CACEIS Bank, Luxembourg Branch |
| EUR | 10,766.19 | USD | 13,164.01 | 29/01/21 | 13.90 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,236.60 | EUR | 1,829.31 | 29/01/21 | (2.47) | * CACEIS Bank, Luxembourg Branch |
| USD | 177.61 | EUR | 145.01 | 29/01/21 | 0.06 | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,063.87 | CHF | 4,402.00 | 29/01/21 | (6.93) | * CACEIS Bank, Luxembourg Branch |
| HKD | 17,884,956.96 | EUR | 1,877,000.00 | 26/01/21 | 7,301.21 | BNP Paribas SA |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| CNH | 15,743,994.62 | EUR | 1,965,000.00 | 26/01/21 | 11,726.53 | BNP Paribas SA |
| PLN | 36,253,732.00 | EUR | 7,900,000.00 | 26/01/21 | 49,102.62 | Goldman Sachs International Finance |
| USD | 356.05 | EUR | 289.30 | 29/01/21 | 1.52 | * CACEIS Bank, Luxembourg Branch |
| USD | 173,822.33 | EUR | 142,001.07 | 29/01/21 | (23.86) | * CACEIS Bank, Luxembourg Branch |
| USD | 59,921.07 | EUR | 48,951.46 | 29/01/21 | (8.23) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 2,932,952.04 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Sécurité
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 3,260,530.92 | CHF | 3,532,305.63 | 26/01/21 | (5,943.90) | Barclays Bank Ireland PLC |
| EUR | 142,933,800.46 | USD | 174,031,907.43 | 26/01/21 | 775,823.69 | Credit Agricole CIB |
| EUR | 1,998,809.99 | GBP | 1,808,137.51 | 26/01/21 | (20,495.56) | Société Générale |
| EUR | 302,161.47 | AUD | 495,013.00 | 27/01/21 | (9,937.38) | Morgan Stanley Europe SE |
| USD | 767,428.89 | EUR | 635,148.80 | 26/01/21 | (8,277.08) | Goldman Sachs International Paris |
| EUR | 528,722.34 | USD | 648,141.00 | 26/01/21 | (713.63) | Morgan Stanley Europe SE |
| EUR | 508,810.50 | USD | 623,725.00 | 26/01/21 | (681.18) | Morgan Stanley Europe SE |
| EUR | 3,473.53 | GBP | 3,177.48 | 29/01/21 | (74.89) | * CACEIS Bank, Luxembourg Branch |
| EUR | 6,438.76 | USD | 7,849.10 | 29/01/21 | 27.68 | * CACEIS Bank, Luxembourg Branch |
| EUR | 7,201.98 | USD | 8,779.50 | 29/01/21 | 30.95 | * CACEIS Bank, Luxembourg Branch |
| EUR | 27,475.71 | CHF | 29,731.19 | 29/01/21 | (18.61) | * CACEIS Bank, Luxembourg Branch |
| EUR | 5,967.37 | CHF | 6,457.23 | 29/01/21 | (4.04) | * CACEIS Bank, Luxembourg Branch |
| EUR | 22,726.82 | USD | 27,702.28 | 29/01/21 | 99.80 | * CACEIS Bank, Luxembourg Branch |
| EUR | 54,005.09 | CHF | 58,437.50 | 29/01/21 | (35.77) | * CACEIS Bank, Luxembourg Branch |
| GBP | 831.65 | EUR | 922.75 | 29/01/21 | 5.98 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,199.27 | EUR | 1,802.52 | 29/01/21 | (6.17) | * CACEIS Bank, Luxembourg Branch |
| CHF | 5,759.95 | EUR | 5,316.26 | 29/01/21 | 10.33 | * CACEIS Bank, Luxembourg Branch |
| GBP | 5,772,486.09 | EUR | 6,403,173.02 | 29/01/21 | 43,129.08 | * CACEIS Bank, Luxembourg Branch |
| USD | 15,290,068.23 | EUR | 12,529,505.03 | 29/01/21 | (40,653.96) | * CACEIS Bank, Luxembourg Branch |
| USD | 16,227,474.38 | EUR | 13,297,666.10 | 29/01/21 | (43,146.39) | * CACEIS Bank, Luxembourg Branch |
| CHF | 10,676,394.42 | EUR | 9,852,435.26 | 29/01/21 | 20,705.20 | * CACEIS Bank, Luxembourg Branch |
| CHF | 52,634,288.89 | EUR | 48,572,196.13 | 29/01/21 | 102,075.97 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,216.15 | EUR | 1,816.35 | 29/01/21 | (6.21) | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,178.46 | EUR | 1,087.68 | 29/01/21 | 2.12 | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,210.04 | CHF | 4,562.55 | 29/01/21 | (9.24) | * CACEIS Bank, Luxembourg Branch |
| CHF | 231,391.66 | EUR | 213,522.20 | 29/01/21 | 460.37 | * CACEIS Bank, Luxembourg Branch |
| USD | 21,922.28 | EUR | 17,965.39 | 29/01/21 | (59.38) | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,492.35 | GBP | 1,345.82 | 29/01/21 | (10.57) | * CACEIS Bank, Luxembourg Branch |
| EUR | 526.18 | CHF | 572.33 | 29/01/21 | (3.09) | * CACEIS Bank, Luxembourg Branch |
| EUR | 2,137.27 | CHF | 2,324.71 | 29/01/21 | (12.53) | * CACEIS Bank, Luxembourg Branch |
| USD | 1,293.91 | EUR | 1,056.71 | 29/01/21 | 0.15 | * CACEIS Bank, Luxembourg Branch |
| USD | 1,212.63 | EUR | 990.33 | 29/01/21 | 0.14 | * CACEIS Bank, Luxembourg Branch |
| CHF | 42,291.48 | EUR | 38,965.75 | 29/01/21 | 143.87 | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,002.47 | GBP | 911.36 | 29/01/21 | (15.29) | * CACEIS Bank, Luxembourg Branch |
| USD | 3,633.07 | EUR | 2,971.57 | 29/01/21 | (4.10) | * CACEIS Bank, Luxembourg Branch |
| USD | 3,730.95 | EUR | 3,051.63 | 29/01/21 | (4.21) | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,086.33 | CHF | 1,180.06 | 29/01/21 | (4.94) | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,449.61 | CHF | 4,833.52 | 29/01/21 | (20.25) | * CACEIS Bank, Luxembourg Branch |
| CHF | 122,199.00 | EUR | 112,530.95 | 29/01/21 | 474.23 | * CACEIS Bank, Luxembourg Branch |
| GBP | 3,516.10 | EUR | 3,875.00 | 29/01/21 | 51.53 | * CACEIS Bank, Luxembourg Branch |
| USD | 7,081.70 | EUR | 5,780.27 | 29/01/21 | 4.03 | * CACEIS Bank, Luxembourg Branch |
| USD | 7,132.29 | EUR | 5,821.56 | 29/01/21 | 4.06 | * CACEIS Bank, Luxembourg Branch |
| CHF | 3,699.24 | EUR | 3,415.88 | 29/01/21 | 5.04 | * CACEIS Bank, Luxembourg Branch |
| CHF | 19,830.58 | EUR | 18,311.55 | 29/01/21 | 27.05 | * CACEIS Bank, Luxembourg Branch |
| USD | 172,798.38 | EUR | 141,080.63 | 29/01/21 | 60.22 | * CACEIS Bank, Luxembourg Branch |
| CHF | 17,323.68 | EUR | 15,993.57 | 29/01/21 | 26.74 | * CACEIS Bank, Luxembourg Branch |
| CHF | 10,648.05 | EUR | 9,830.50 | 29/01/21 | 16.43 | * CACEIS Bank, Luxembourg Branch |
| GBP | 36.27 | EUR | 40.13 | 29/01/21 | 0.37 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,031.88 | EUR | 1,651.12 | 29/01/21 | 8.51 | * CACEIS Bank, Luxembourg Branch |
| USD | 2,067.21 | EUR | 1,679.83 | 29/01/21 | 8.66 | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,575.41 | CHF | 1,711.02 | 29/01/21 | (6.88) | * CACEIS Bank, Luxembourg Branch |
| EUR | 417.94 | CHF | 453.92 | 29/01/21 | (1.83) | * CACEIS Bank, Luxembourg Branch |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 177.25 | GBP | 158.78 | 29/01/21 | (0.07) | * CACEIS Bank, Luxembourg Branch |
| USD | 3,482.29 | EUR | 2,844.80 | 29/01/21 | (0.48) | * CACEIS Bank, Luxembourg Branch |
| USD | 3,570.76 | EUR | 2,917.07 | 29/01/21 | (0.49) | * CACEIS Bank, Luxembourg Branch |
| CHF | 183.43 | EUR | 169.66 | 29/01/21 | (0.03) | * CACEIS Bank, Luxembourg Branch |
| EUR | 60.80 | CHF | 65.76 | 29/01/21 | (0.01) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 813,054.04 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Unconstrained Credit
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 170,396,403.04 | USD | 207,469,548.45 | 26/01/21 | 924,886.68 | Credit Agricole CIB |
| EUR | 10,486,579.73 | GBP | 9,486,233.43 | 26/01/21 | (107,528.16) | Société Générale |
| EUR | 9,323,787.00 | USD | 11,340,000.00 | 26/01/21 | 60,712.63 | BofA Securities Europe SA |
| EUR | 8,256,538.58 | USD | 10,000,000.00 | 26/01/21 | 88,061.30 | HSBC Bank |
| EUR | 3,451,378.78 | USD | 4,193,867.00 | 26/01/21 | 25,621.95 | BofA Securities Europe SA |
| EUR | 699,111.32 | USD | 850,834.00 | 26/01/21 | 4,107.67 | Société Générale |
| USD | 2,450,598.00 | EUR | 2,009,573.40 | 26/01/21 | (7,800.55) | Société Générale |
| USD | 7,400,000.00 | EUR | 6,036,504.54 | 26/01/21 | 8,208.27 | JP Morgan AG Frankfurt |
| GBP | 3,200,000.00 | EUR | 3,556,772.76 | 26/01/21 | 16,940.46 | Goldman Sachs International Paris |
| EUR | 3,750,000.00 | USD | 4,603,606.13 | 26/01/21 | (10,472.75) | Goldman Sachs International Paris |
| EUR | 702,732.64 | USD | 860,942.00 | 26/01/21 | (530.26) | Société Générale |
| CHF | 1,000.51 | EUR | 924.87 | 29/01/21 | 0.37 | * CACEIS Bank, Luxembourg Branch |
| CHF | 912.64 | EUR | 843.64 | 29/01/21 | 0.34 | * CACEIS Bank, Luxembourg Branch |
| CHF | 3,432.70 | EUR | 3,173.17 | 29/01/21 | 1.27 | * CACEIS Bank, Luxembourg Branch |
| EUR | 3,395,773.39 | USD | 4,138,772.00 | 26/01/21 | 15,015.32 | BofA Securities Europe SA |
| USD | 5,754.47 | EUR | 4,721.92 | 29/01/21 | (21.70) | * CACEIS Bank, Luxembourg Branch |
| USD | 27,722.90 | EUR | 22,748.46 | 29/01/21 | (104.53) | * CACEIS Bank, Luxembourg Branch |
| CHF | 25,022.07 | EUR | 23,131.73 | 29/01/21 | 7.77 | * CACEIS Bank, Luxembourg Branch |
| EUR | 833.72 | CHF | 903.70 | 29/01/21 | (1.99) | * CACEIS Bank, Luxembourg Branch |
| EUR | 2,875.99 | CHF | 3,117.39 | 29/01/21 | (6.86) | * CACEIS Bank, Luxembourg Branch |
| EUR | 864.66 | CHF | 937.24 | 29/01/21 | (2.06) | * CACEIS Bank, Luxembourg Branch |
| USD | 20,725,677.93 | EUR | 16,983,736.24 | 29/01/21 | (55,106.42) | * CACEIS Bank, Luxembourg Branch |
| USD | 14,515,178.43 | EUR | 11,894,518.62 | 29/01/21 | (38,593.65) | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,296,072.67 | EUR | 1,196,047.24 | 29/01/21 | 2,513.53 | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,363,222.70 | EUR | 1,258,014.91 | 29/01/21 | 2,643.76 | * CACEIS Bank, Luxembourg Branch |
| CHF | 3,945,343.10 | EUR | 3,640,858.13 | 29/01/21 | 7,651.38 | * CACEIS Bank, Luxembourg Branch |
| USD | 99,948.54 | EUR | 81,930.41 | 29/01/21 | (292.94) | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,319.63 | CHF | 1,435.36 | 29/01/21 | (7.74) | * CACEIS Bank, Luxembourg Branch |
| EUR | 3,950.82 | CHF | 4,297.31 | 29/01/21 | (23.17) | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,375.12 | CHF | 1,495.72 | 29/01/21 | (8.06) | * CACEIS Bank, Luxembourg Branch |
| EUR | 4,753.79 | CHF | 5,163.95 | 29/01/21 | (21.63) | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,525.85 | CHF | 1,657.50 | 29/01/21 | (6.94) | * CACEIS Bank, Luxembourg Branch |
| EUR | 1,579.81 | CHF | 1,716.12 | 29/01/21 | (7.19) | * CACEIS Bank, Luxembourg Branch |
| USD | 70,004.78 | EUR | 57,256.60 | 29/01/21 | (77.05) | * CACEIS Bank, Luxembourg Branch |
| CHF | 2,175.83 | EUR | 2,009.16 | 29/01/21 | 2.97 | * CACEIS Bank, Luxembourg Branch |
| CHF | 2,031.07 | EUR | 1,875.49 | 29/01/21 | 2.77 | * CACEIS Bank, Luxembourg Branch |
| CHF | 6,321.73 | EUR | 5,837.48 | 29/01/21 | 8.63 | * CACEIS Bank, Luxembourg Branch |
| USD | 24,517.71 | EUR | 20,017.40 | 29/01/21 | 8.54 | * CACEIS Bank, Luxembourg Branch |
| CHF | 1,252.45 | EUR | 1,153.79 | 29/01/21 | 4.43 | * CACEIS Bank, Luxembourg Branch |
| CHF | 508.18 | EUR | 468.15 | 29/01/21 | 1.80 | * CACEIS Bank, Luxembourg Branch |
| CHF | 547.39 | EUR | 504.27 | 29/01/21 | 1.94 | * CACEIS Bank, Luxembourg Branch |
| USD | 99,500.07 | EUR | 80,845.07 | 29/01/21 | 426.09 | * CACEIS Bank, Luxembourg Branch |
| CHF | 183.05 | EUR | 169.31 | 29/01/21 | (0.03) | * CACEIS Bank, Luxembourg Branch |
| CHF | 679.14 | EUR | 628.16 | 29/01/21 | (0.12) | * CACEIS Bank, Luxembourg Branch |
| CHF | 161.15 | EUR | 149.05 | 29/01/21 | (0.02) | * CACEIS Bank, Luxembourg Branch |
|  |  |  |  |  | 936,216.05 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| HUF | 148,314,050.00 | USD | 502,404.67 | 26/01/21 | (1,675.20) | Société Générale |
| IDR | 32,044,200,000.00 | USD | 2,256,157.15 | 26/01/21 | 16,315.67 | Goldman Sachs International Paris |
| BRL | 26,677,556.74 | USD | 5,174,040.91 | 26/01/21 | (31,814.39) | BofA Securities Europe SA |
| TRY | 11,971,013.70 | USD | 1,500,000.00 | 26/01/21 | 81,603.85 | Goldman Sachs International Finance |
| INR | 92,277,500.00 | USD | 1,248,173.95 | 25/01/21 | 9,609.82 | BofA Securities Europe SA |
| USD | 1,518,400.12 | BRL | 7,726,379.01 | 26/01/21 | 25,472.62 | BofA Securities Europe SA |
| EUR | 211,698.25 | USD | 256,909.00 | 26/01/21 | 1,842.49 | Morgan Stanley Europe SE |
| CNY | 9,846,600.00 | USD | 1,500,000.00 | 26/01/21 | 2,780.80 | Barclays Bank Ireland PLC |
| USD | 1,248,984.87 | INR | 92,277,500.00 | 25/01/21 | (8,945.48) | HSBC Bank |
| EUR | 184,701.19 | USD | 224,570.00 | 26/01/21 | 1,261.31 | HSBC Bank |
| BRL | 6,412,500.00 | USD | 1,250,000.00 | 26/01/21 | (12,807.54) | Citibank Dublin |
|  |  |  |  |  | 83,643.95 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Patrimoine Europe
Currency
Quantity Currency
Quantity
Maturity
Unrealised
purchased
purchased
sold
sold
date
(in EUR)	Counterparty
| EUR | 9,417,555.00 | USD | 11,463,613.00 | 26/01/21 | 53,503.15 | BofA Securities Europe SA |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 6,495,898.24 | USD | 7,970,764.00 | 26/01/21 | (15,048.26) | Goldman Sachs International Paris |
|  |  |  |  |  | 38,454.89 |  |

CARMIGNAC PORTFOLIO Long-Short Global Equities
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 1,688,093.34 | USD | 2,053,076.00 | 26/01/21 | 11,039.08 | BofA Securities Europe SA |
| EUR | 626,256.00 | CHF | 677,935.71 | 26/01/21 | (660.36) | Goldman Sachs International Paris |
| EUR | 1,012,008.00 | GBP | 914,615.49 | 26/01/21 | (9,422.89) | Goldman Sachs International Paris |
| EUR | 3,778,036.00 | USD | 4,592,547.69 | 26/01/21 | 26,616.38 | Goldman Sachs International Paris |
| EUR | 11,537,096.31 | GBP | 10,458,938.51 | 26/01/21 | (143,325.64) | Goldman Sachs International Paris |
| EUR | 36,499,513.32 | USD | 44,454,877.90 | 26/01/21 | 186,536.65 | Goldman Sachs International Paris |
| EUR | 6,862,157.33 | CHF | 7,433,412.71 | 26/01/21 | (11,838.98) | Goldman Sachs International Paris |
| EUR | 893,231.72 | PLN | 3,997,935.45 | 26/01/21 | 16,641.01 | Credit Agricole CIB |
| EUR | 1,140,891.15 | HKD | 10,770,025.00 | 26/01/21 | 6,200.99 | Credit Agricole CIB |
| EUR | 2,202,643.08 | INR | 198,854,617.69 | 27/01/21 | (14,670.79) | BNP Paribas SA |
| EUR | 1,280,373.75 | USD | 1,553,137.92 | 26/01/21 | 11,695.50 | Goldman Sachs International Paris |
| USD | 1,771,245.00 | EUR | 1,455,255.48 | 26/01/21 | (8,414.15) | Credit Agricole CIB |
| CHF | 375,892.82 | EUR | 349,108.00 | 26/01/21 | (1,503.42) | Goldman Sachs International Paris |
| EUR | 665,127.00 | USD | 809,661.36 | 26/01/21 | 3,755.14 | Goldman Sachs International Paris |
| EUR | 987,723.00 | HKD | 9,320,658.95 | 26/01/21 | 5,732.88 | Credit Agricole CIB |
| EUR | 434,839.00 | INR | 39,159,426.15 | 27/01/21 | (1,801.89) | JP Morgan AG Frankfurt |
| GBP | 674,899.35 | EUR | 740,160.00 | 26/01/21 | 13,561.40 | Goldman Sachs International Paris |
| EUR | 1,726,937.19 | USD | 2,101,743.00 | 26/01/21 | 10,128.67 | Credit Agricole CIB |
| GBP | 1,439,543.00 | EUR | 1,592,636.63 | 26/01/21 | 15,026.67 | Goldman Sachs International Paris |
| GBP | 123,937.00 | EUR | 137,141.78 | 26/01/21 | 1,269.47 | Goldman Sachs International Paris |
| EUR | 1,775,167.51 | USD | 2,174,127.00 | 26/01/21 | (773.94) | Goldman Sachs International Paris |
| GBP | 4,485,406.08 | EUR | 4,979,558.00 | 26/01/21 | 29,680.13 | Goldman Sachs International Paris |
| EUR | 597,528.00 | USD | 732,535.63 | 26/01/21 | (846.00) | Goldman Sachs International Paris |
| EUR | 4,787,343.00 | GBP | 4,388,261.47 | 26/01/21 | (113,436.39) | Goldman Sachs International Paris |
| GBP | 5,918,062.00 | EUR | 6,448,294.98 | 26/01/21 | 160,957.76 | Goldman Sachs International Paris |
| CHF | 1,930,883.00 | EUR | 1,783,028.73 | 26/01/21 | 2,541.87 | Goldman Sachs International Paris |
| EUR | 1,794,281.62 | USD | 2,198,260.00 | 26/01/21 | (1,373.27) | Goldman Sachs International Paris |
| GBP | 1,158,440.57 | EUR | 1,285,008.80 | 29/01/21 | 8,655.27 | * CACEIS Bank, Luxembourg Branch |
| EUR | 901,786.36 | USD | 1,101,268.00 | 26/01/21 | 2,214.06 | Goldman Sachs International Paris |
| EUR | 915,149.25 | USD | 1,117,540.00 | 26/01/21 | 2,285.16 | Goldman Sachs International Paris |
| EUR | 528,374.00 | HKD | 5,002,127.44 | 26/01/21 | 1,367.59 | Goldman Sachs International Paris |
| EUR | 552,443.00 | USD | 674,623.06 | 26/01/21 | 1,376.22 | Goldman Sachs International Paris |
| GBP | 2,931,511.00 | EUR | 3,263,332.16 | 26/01/21 | 10,534.65 | Goldman Sachs International Paris |
| GBP | 188,457.12 | EUR | 209,780.00 | 26/01/21 | 686.05 | Goldman Sachs International Paris |
| EUR | 1,090,063.79 | GBP | 981,585.00 | 26/01/21 | (6,156.34) | Goldman Sachs International Paris |
| GBP | 981,585.00 | EUR | 1,090,534.77 | 26/01/21 | 5,685.19 | Goldman Sachs International Paris |
| EUR | 1,790,917.40 | USD | 2,197,156.57 | 26/01/21 | (3,837.47) | Goldman Sachs International Paris |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
FORWARD FOREIGN EXCHANGE CONTRACTS
CARMIGNAC PORTFOLIO Long-Short Global Equities
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 2,680,785.74 | CHF | 2,912,443.96 | 26/01/21 | (12,475.18) | Goldman Sachs International Paris |
| EUR | 1,316,652.12 | GBP | 1,197,085.62 | 26/01/21 | (20,240.71) | JP Morgan AG Frankfurt |
| GBP | 1,197,086.00 | EUR | 1,325,248.68 | 26/01/21 | 11,641.41 | Goldman Sachs International Paris |
| GBP | 25,540.06 | EUR | 28,257.67 | 29/01/21 | 263.65 | * CACEIS Bank, Luxembourg Branch |
| EUR | 721,998.00 | USD | 887,562.54 | 26/01/21 | (3,011.30) | Goldman Sachs International Paris |
| HKD | 2,219,444.81 | EUR | 233,006.00 | 26/01/21 | 827.49 | Goldman Sachs International Paris |
| EUR | 285,463.00 | CHF | 308,602.09 | 26/01/21 | 85.29 | Goldman Sachs International Paris |
| USD | 2,735,942.00 | EUR | 2,234,924.09 | 26/01/21 | (63.10) | Goldman Sachs International Paris |
|  |  |  |  |  | 193,153.81 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
CARMIGNAC PORTFOLIO Alpha Themes (launched on 03/04/20)
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| EUR | 1,169,495.00 | USD | 1,421,627.95 | 26/01/21 | 8,239.13 | Goldman Sachs International Paris |
| EUR | 222,335.00 | KRW | 295,246,408.00 | 26/01/21 | 267.77 | Goldman Sachs International Paris |
| USD | 245,485.00 | EUR | 201,887.43 | 26/01/21 | (1,363.13) | JP Morgan AG Frankfurt |
| USD | 52,707.00 | EUR | 43,342.58 | 26/01/21 | (288.89) | JP Morgan AG Frankfurt |
| USD | 73,730.88 | EUR | 60,599.14 | 26/01/21 | (372.09) | Goldman Sachs International Paris |
| EUR | 18,600.37 | USD | 22,565.98 | 26/01/21 | 167.38 | JP Morgan AG Frankfurt |
| EUR | 121,442.60 | USD | 147,400.00 | 26/01/21 | 1,039.10 | Goldman Sachs International Paris |
| EUR | 24,789.55 | GBP | 22,565.98 | 26/01/21 | (411.91) | Goldman Sachs International Paris |
| SEK | 28,707,824.64 | EUR | 2,806,716.00 | 26/01/21 | 49,523.25 | JP Morgan AG Frankfurt |
| CHF | 1,487,091.39 | EUR | 1,380,497.00 | 26/01/21 | (5,318.46) | JP Morgan AG Frankfurt |
| DKK | 10,885,197.12 | EUR | 1,462,383.00 | 26/01/21 | (67.96) | JP Morgan AG Frankfurt |
| USD | 17,215,306.88 | EUR | 14,182,716.00 | 26/01/21 | (120,414.86) | JP Morgan AG Frankfurt |
| GBP | 4,058,249.83 | EUR | 4,455,364.00 | 26/01/21 | 76,850.42 | JP Morgan AG Frankfurt |
| EUR | 1,380,497.00 | CHF | 1,486,523.86 | 26/01/21 | 5,843.20 | JP Morgan AG Frankfurt |
| CHF | 400,509.61 | USD | 451,481.00 | 26/01/21 | 1,574.90 | JP Morgan AG Frankfurt |
| EUR | 4,455,364.00 | GBP | 4,057,418.46 | 26/01/21 | (75,921.62) | JP Morgan AG Frankfurt |
| PLN | 7,988,333.13 | EUR | 1,784,952.00 | 26/01/21 | (33,423.38) | JP Morgan AG Frankfurt |
| USD | 451,481.00 | CHF | 400,682.16 | 26/01/21 | (1,734.44) | BofA Securities Europe SA |
| EUR | 1,462,383.00 | DKK | 10,885,477.02 | 26/01/21 | 30.36 | JP Morgan AG Frankfurt |
| EUR | 2,806,716.00 | SEK | 28,718,418.31 | 26/01/21 | (50,577.50) | JP Morgan AG Frankfurt |
| EUR | 14,182,716.00 | USD | 17,214,603.42 | 26/01/21 | 120,989.79 | JP Morgan AG Frankfurt |
| EUR | 1,281,416.71 | CHF | 1,380,497.00 | 26/01/21 | 4,810.69 | JP Morgan AG Frankfurt |
| EUR | 274,368.88 | SEK | 2,806,716.00 | 26/01/21 | (4,880.86) | JP Morgan AG Frankfurt |
| CHF | 451,481.00 | USD | 508,874.97 | 26/01/21 | 1,827.89 | BofA Securities Europe SA |
| EUR | 11,680,159.97 | USD | 14,182,716.00 | 26/01/21 | 95,024.51 | JP Morgan AG Frankfurt |
| EUR | 196,458.26 | DKK | 1,462,383.00 | 26/01/21 | 2.05 | JP Morgan AG Frankfurt |
| EUR | 4,893,580.19 | GBP | 4,455,364.00 | 26/01/21 | (82,126.70) | JP Morgan AG Frankfurt |
| EUR | 483,495.80 | KRW | 637,447,926.00 | 26/01/21 | 4,045.44 | BofA Securities Europe SA |
| GBP | 500,000.00 | USD | 666,659.20 | 26/01/21 | 13,836.96 | Goldman Sachs International Paris |
| EUR | 226,194.37 | GBP | 204,022.16 | 26/01/21 | (1,654.81) | Goldman Sachs International Paris |
| EUR | 398,838.38 | PLN | 1,784,952.00 | 26/01/21 | 7,468.31 | JP Morgan AG Frankfurt |
| EUR | 1,784,952.00 | PLN | 7,986,950.68 | 26/01/21 | 33,726.62 | JP Morgan AG Frankfurt |
| EUR | 610,144.53 | USD | 741,550.75 | 26/01/21 | 4,409.35 | BofA Securities Europe SA |
| USD | 598,586.00 | EUR | 491,873.87 | 26/01/21 | (2,918.99) | JP Morgan AG Frankfurt |
| EUR | 406,283.25 | USD | 494,481.00 | 26/01/21 | 2,366.50 | JP Morgan AG Frankfurt |
| USD | 660,075.00 | EUR | 542,392.08 | 26/01/21 | (3,209.91) | JP Morgan AG Frankfurt |
| EUR | 60,905.91 | GBP | 55,520.00 | 26/01/21 | (1,098.31) | JP Morgan AG Frankfurt |
| EUR | 35,620.23 | GBP | 32,475.00 | 26/01/21 | (647.55) | JP Morgan AG Frankfurt |
| USD | 610,874.00 | EUR | 502,237.60 | 26/01/21 | (3,245.41) | JP Morgan AG Frankfurt |
| USD | 577,465.52 | EUR | 474,342.00 | 26/01/21 | (2,639.28) | JP Morgan AG Frankfurt |
| EUR | 607,754.00 | GBP | 554,167.72 | 26/01/21 | (11,135.43) | Goldman Sachs International Paris |
| GBP | 75,753.00 | EUR | 83,729.12 | 26/01/21 | 870.90 | BofA Securities Europe SA |
| USD | 290,795.00 | EUR | 238,860.32 | 26/01/21 | (1,324.42) | BofA Securities Europe SA |
| EUR | 30,547.30 | GBP | 27,598.00 | 26/01/21 | (273.79) | JP Morgan AG Frankfurt |
| USD | 19,213.00 | EUR | 15,742.08 | 26/01/21 | (47.92) | JP Morgan AG Frankfurt |
| EUR | 74,878.37 | USD | 91,974.00 | 26/01/21 | (250.96) | BofA Securities Europe SA |
| GBP | 148,673.00 | EUR | 164,720.85 | 26/01/21 | 1,315.19 | JP Morgan AG Frankfurt |
| GBP | 148,520.00 | EUR | 163,595.83 | 26/01/21 | 2,269.67 | JP Morgan AG Frankfurt |
| USD | 116,147.00 | EUR | 94,840.70 | 26/01/21 | 34.29 | JP Morgan AG Frankfurt |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
FORWARD FOREIGN EXCHANGE CONTRACTS
CARMIGNAC PORTFOLIO Alpha Themes (launched on 03/04/20)
| purchased | purchased | sold | sold | date | (in EUR) | Counterparty |
| --- | --- | --- | --- | --- | --- | --- |
| USD | 95,304.00 | EUR | 77,891.76 | 26/01/21 | (42.48) | BofA Securities Europe SA |
| EUR | 206,810.25 | USD | 252,184.00 | 26/01/21 | 813.56 | BofA Securities Europe SA |
| EUR | 31,784.52 | GBP | 28,897.19 | 26/01/21 | (487.57) | JP Morgan AG Frankfurt |
| USD | 645,950.00 | EUR | 525,519.96 | 26/01/21 | 2,127.05 | JP Morgan AG Frankfurt |
| EUR | 61,577.44 | GBP | 55,395.00 | 26/01/21 | (286.88) | BofA Securities Europe SA |
| EUR | 71,842.00 | DKK | 534,542.43 | 26/01/21 | 31.69 | Goldman Sachs International Paris |
| EUR | 119,261.00 | CHF | 128,928.06 | 26/01/21 | 35.64 | Goldman Sachs International Paris |
| EUR | 100,223.00 | GBP | 90,248.41 | 26/01/21 | (565.14) | UBS Europe SE |
| EUR | 544,336.00 | USD | 668,907.84 | 26/01/21 | (2,064.15) | UBS Europe SE |
|  |  |  |  |  | 30,746.81 |  |

Currency
Quantity Currency
Quantity
Maturity
Unrealised
As at 31/12/20, the following future contracts were outstanding :
CARMIGNAC PORTFOLIO Green Gold (formerly Commodities)
Quantity
Commitment
(in EUR)
Unrealised
| (370) DJ EURO STOXX 50 03/21	EUR | 13,144,768.00 | (83,250.00) | Société Générale, Paris |
| --- | --- | --- | --- |
| 229 DJ.STOXX600 BASI 03/21	EUR | 5,717,443.00 | 83,585.00 | Société Générale, Paris |
| 459 DJ.STOXX600.OIL(EUX) 03/21	EUR | 5,425,150.50 | 39,015.00 | Société Générale, Paris |
| 2,317 EURO STOX BANK IDX 03/21	EUR | 8,546,254.50 | (115,850.00) | Société Générale, Paris |
| (16) NASDAQ 100 E-MINI 03/21	USD | 3,370,724.20 | (76,338.18) | Société Générale, Paris |
|  |  | (152,838.18) |  |
| CARMIGNAC PORTFOLIO Unconstrained Global Bond |  |  |  |
| Quantity | Commitment (in EUR) | Unrealised |  |
| (purchase/(sale)) Denomination	Currency | (in absolute value) | (in EUR) | Broker |
| Futures on bonds |  |  |  |
| (773) US ULTRA BD CBT 30YR 03/21 | USD | 82,603,694.17 | 1,026,623.35 | Société Générale, Paris |
| (600) US 10 YEARS NOTE 03/21 | USD | 54,439,438.52 | (260,512.44) | Société Générale, Paris |
|  |  |  | 766,110.91 |  |

(purchase/(sale)) Denomination Futures on index
Currency
(in absolute value)
(in EUR)
Broker
CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income
Quantity
Commitment
(in EUR)
Unrealised
(purchase/(sale)) Denomination Futures on interest rates
Currency
(in absolute value)
(in EUR)
Broker
| (950) | EURO/USD 90DAY(CME) 06/23 | USD | 776,429,242.78 | (180,519.80) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| 950 | EURO/USD 90DAY(CME) 09/25 | USD | 776,429,242.78 | (48,526.83) | Société Générale, Paris |
| 2,000 | 90DAY GBP LIBOR INDX 06/22 | GBP | 1,117,193,609.65 | 0.00 | Société Générale, Paris |
|  |  |  |  | (229,046.63) |  |

Futures on bonds
| (379) | EURO BTP FUTURE -EUX 03/21 | EUR | 48,352,251.50 | (386,580.00) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| 312 | EURO BUND FUTURE 03/21 | EUR | 32,962,488.00 | 134,160.00 | Société Générale, Paris |
| (90) | EURO BUXL FUTURE 03/21 | EUR | 15,514,110.00 | (197,865.00) | Société Générale, Paris |
| (356) | EURO-OAT-FUTURES-EUX 03/21 | EUR | 45,491,638.00 | (174,440.00) | Société Générale, Paris |
| 463 | US TREASURY BOND 03/21 | USD | 59,268,011.12 | (532,134.98) | Société Générale, Paris |
| 63 | US ULTRA BD CBT 30YR 03/21 | USD | 6,732,254.51 | (94,885.53) | Société Générale, Paris |
| 2,539 | US 10 YEARS NOTE 03/21 | USD | 230,369,557.33 | (87,529.88) | Société Générale, Paris |
|  |  |  |  | (1,339,275.39) |  |

Futures on currency
236
EUR/USD (CME) 03/21
USD	24,110,171.22
245,923.75
245,923.75
Société Générale, Paris
CARMIGNAC PORTFOLIO Emerging Patrimoine
Quantity (purchase/(sale)) Denomination
Futures on index
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
| 408 H-SHARES IDX (HKG) 01/21 | HKD | 23,090,290.65 | 733,236.71 | Société Générale, Paris |
| --- | --- | --- | --- | --- |
| (208) MINI MSCI EMG MKT 03/21 | USD | 10,975,559.32 | (211,646.44) | Société Générale, Paris |
|  |  |  | 521,590.27 |  |

CARMIGNAC PORTFOLIO Long-Short European Equities
Quantity
Commitment
(in EUR)
Unrealised
(purchase/(sale)) Denomination Futures on index
Currency
(in absolute value)
(in EUR)
Broker
| (608) | DJ EURO STOXX 50 03/21 | EUR | 21,600,051.20 | (713,865.57) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (119) | DJ EURO STOXX 600 03/21 | EUR | 3,591,479.50 | (189,805.00) | Société Générale, Paris |
| (161) | DJ STOXX 600 FOOD 03/21 | EUR | 5,755,186.50 | (150,258.08) | Société Générale, Paris |
| (132) | DJ ST600 HLTH (EUX) 03/21 | EUR | 5,801,004.00 | (114,259.86) | Société Générale, Paris |
| (773) | DJ.STOXX600.TLC(EUX) 03/21 | EUR | 7,949,918.50 | 146,870.00 | Société Générale, Paris |
| (48) | E-MINI RUSSELL 2000 03/21 | USD | 3,873,688.86 | (130,444.82) | Société Générale, Paris |
| (83) | NASDAQ 100 E-MINI 03/21 | USD | 17,485,631.81 | (396,004.32) | Société Générale, Paris |
| (101) | S&P 500 EMINI INDEX 03/21 | USD | 15,502,556.90 | (254,205.42) | Société Générale, Paris |
| (1,101) | STOXX EUR 600 03/21 | EUR | 21,966,601.50 | (132,120.00) | Société Générale, Paris |
|  |  |  |  | (1,934,093.07) |  |

Other futures
| (729) | ALLIANZ AG (EUX) 03/21 | EUR | 14,631,030.00 | (696,508.47) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (5,268) | BASF AG (EUREX) 03/21 | EUR | 34,094,496.00 | (850,782.00) | Société Générale, Paris |
|  |  |  |  | (1,547,290.47) |  |

CARMIGNAC PORTFOLIO Investissement
Quantity (purchase/(sale)) Denomination
Futures on index
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
| 734 EURO STOX BANK IDX 03/21 | EUR | 2,707,359.00 | (37,255.00) | Société Générale, Paris |
| --- | --- | --- | --- | --- |
| 65 S&P 500 EMINI INDEX 03/21 | USD | 9,976,893.06 | 67,222.44 | Société Générale, Paris |
|  |  |  | 29,967.44 |  |

CARMIGNAC PORTFOLIO Patrimoine
Quantity (purchase/(sale)) Denomination
Futures on bonds
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
| (74) | EURO BUXL FUTURE 03/21 | EUR | 12,756,046.00 | 128,096.20 | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (223) | US ULTRA BD CBT 30YR 03/21 | USD | 23,830,043.73 | (346,173.53) | Société Générale, Paris |
|  |  |  |  | (218,077.33) |  |

Futures on index
| 2,642 | EURO STOX BANK IDX 03/21 | EUR | 9,745,017.00 | (132,100.00) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (150) | NASDAQ 100 E-MINI 03/21 | USD | 31,600,539.41 | (715,670.47) | Société Générale, Paris |
| (719) | S&P 500 EMINI INDEX 03/21 | USD | 110,359,786.28 | (1,789,244.71) | Société Générale, Paris |
|  |  |  |  | (2,637,015.18) |  |

CARMIGNAC PORTFOLIO Sécurité
Quantity (purchase/(sale)) Denomination
Futures on bonds
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
| (642) EURO BTP FUTURE -EUX 03/21 | EUR | 81,905,397.00 | (594,026.40) | Société Générale, Paris |
| --- | --- | --- | --- | --- |
| (796) EURO-OAT-FUTURES-EUX 03/21 | EUR | 101,717,258.00 | (394,968.40) | Société Générale, Paris |
| (133) US ULTRA BD CBT 30YR 03/21 | USD | 14,212,537.29 | (273,448.68) | Société Générale, Paris |
|  |  |  | (1,262,443.48) |  |

CARMIGNAC PORTFOLIO Unconstrained Credit
Quantity (purchase/(sale)) Denomination
Futures on bonds
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
(56)
US ULTRA BD CBT 30YR 03/21
USD	5,984,226.23
74,373.75
74,373.75
Société Générale, Paris
CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt)
Commitment
| Quantity (purchase/(sale)) Denomination | Currency | (in EUR) (in absolute value) | Unrealised (in EUR) | Broker |
| --- | --- | --- | --- | --- |
| Futures on currency |  |  |  |  |
| (70) EUR/USD (CME) 03/21 | USD | 7,151,321.97 | (65,792.16) | Société Générale, Paris |
| (20) JPN YEN CURR FUT 03/21 | USD | 20,432.35 | (2,145.40) | Société Générale, Paris |
| 25 KRW/USD -CME 01/21 | USD | 25,540,435.62 | 7,662.13 | Société Générale, Paris |
| 110 USD/MXN (CME) 03/21 | USD | 449,511.67 | 5,843.65 | Société Générale, Paris |
| 120 USD-RUB (CME) 03/21 | USD | 2,451,881.82 | (35,552.29) | Société Générale, Paris |
|  |  |  | (89,984.07) |  |

CARMIGNAC PORTFOLIO Patrimoine Europe
Quantity (purchase/(sale)) Denomination
Futures on bonds
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
| (70) | EURO BUND FUTURE 03/21 | EUR | 7,395,430.00 | (30,100.00) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (70) | EURO BUXL FUTURE 03/21 | EUR | 12,066,530.00 | (156,970.00) | Société Générale, Paris |
| (18) | US ULTRA BD CBT 30YR 03/21 | USD | 1,923,501.29 | (35,399.04) | Société Générale, Paris |
| (636) | US 10 YEARS NOTE 03/21 | USD | 57,705,804.83 | (98,125.33) | Société Générale, Paris |
|  |  |  |  | (320,594.37) |  |

Futures on index
| 755 | DJ EURO STOXX 50 03/21 | EUR | 26,822,432.00 | (3,780.24) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (75) | SWISS MARKET INDEX 03/21 | CHF | 7,381,073.46 | (208,034.76) | Société Générale, Paris |
|  |  |  |  | (211,815.00) |  |

CARMIGNAC PORTFOLIO Flexible Allocation 2024
Quantity (purchase/(sale)) Denomination
Futures on index
Currency
Commitment
(in EUR)
(in absolute value)
Unrealised (in EUR)
Broker
(105)
DJ EURO STOXX 50 03/21
EUR	3,730,272.00
(23,625.00)
(23,625.00)
Société Générale, Paris
CARMIGNAC PORTFOLIO Long-Short Global Equities
Quantity
Commitment
(in EUR)
Unrealised
| (395) DJ EURO STOXX 50 03/21 | EUR | 14,032,928.00 | (517,430.00) | Société Générale, Paris |
| --- | --- | --- | --- | --- |
| (102) NASDAQ 100 E-MINI 03/21 | USD | 21,488,366.80 | (397,722.85) | Société Générale, Paris |
| (54) S&P 500 EMINI INDEX 03/21 | USD | 8,288,495.77 | (97,056.18) | Société Générale, Paris |
|  |  |  | (1,012,209.03) |  |

(purchase/(sale)) Denomination Futures on index
Currency
(in absolute value)
(in EUR)
Broker
CARMIGNAC PORTFOLIO Alpha Themes (launched on 03/04/20)
Quantity
Commitment
(in EUR)
Unrealised
(purchase/(sale)) Denomination Futures on index
Currency
(in absolute value)
(in EUR)
Broker
| (153) | DJ EURO STOXX 50 03/21 | EUR | 5,435,539.20 | (33,150.00) | Société Générale, Paris |
| --- | --- | --- | --- | --- | --- |
| (118) | DJ STX 600 REA (EUX) 03/21 | EUR | 1,008,015.00 | (34,755.13) | Société Générale, Paris |
| (93) | DJ.STOXX 600 AUTO 03/21 | EUR | 2,451,759.00 | (91,140.00) | Société Générale, Paris |
| (45) | DJ.STOXX 600 CONS 03/21 | EUR | 1,108,642.50 | (11,475.00) | Société Générale, Paris |
| (20) | DJ.STOXX 600 RETL 03/21 | EUR | 395,920.00 | (12,035.00) | Société Générale, Paris |
| (680) | EURO STOX BANK IDX 03/21 | EUR | 2,508,180.00 | 35,000.00 | Société Générale, Paris |
| (8) | MSCI CHINA INDEX 03/21 | USD | 385,730.05 | (11,209.19) | Société Générale, Paris |
| (7) | NASDAQ 100 E-MINI 03/21 | USD | 1,474,691.84 | (33,397.96) | Société Générale, Paris |
| (22) | S&P 500 EMINI INDEX 03/21 | USD | 3,376,794.57 | (55,371.48) | Société Générale, Paris |
| (160) | STOXX EUR 600 03/21 | EUR | 3,192,240.00 | (19,200.00) | Société Générale, Paris |
|  |  |  |  | (266,733.76) |  |

Futures on currency
15 EUR/USD (CME) 03/21
USD	1,532,426.14
15,630.75
15,630.75
Société Générale, Paris

###### SWAPS
Interests Rate Swaps
The SICAV has entered into swap agreements whereby it exchanges fixed income (product of the notional amount and the fixed rate) for variable income (product of the notional amount and the variable rate) and vice versa. These amounts are calculated and recorded each time the Net Asset Value is calculated.
CARMIGNAC PORTFOLIO Unconstrained Global Bond
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 18,591,946,000.00 | HUF | 17/06/24 | 0.979% | HUF BUBOR 6 MONTHS | (127,528.43) |
| NEWEDGE PARIS | 18,591,945,000.00 | HUF | 17/06/24 | 0.979% | HUF BUBOR 6 MONTHS | (127,528.41) |
| BNP PARIBAS SA | 1,630,000,000.00 | CNY | 15/06/24 | CNY SWAP HKSH 7D DEPO | 2.78% | 344,173.38 |
| NEWEDGE PARIS | 970,000,000.00 | CZK | 16/12/25 | 0.7025% | CZK PRIBOR 6 MONTHS | 735,437.13 |
| NEWEDGE PARIS | 581,999,000.00 | CZK | 16/12/25 | 0.706% | CZK PRIBOR 6 MONTHS | 437,467.30 |
| NEWEDGE PARIS | 195,000,000.00 | PLN | 16/12/25 | 0.668% | PLN WIBOR 6 MONTHS | (126,167.31) |
| NEWEDGE PARIS | 195,000,000.00 | PLN | 16/12/25 | 0.655% | PLN WIBOR 6 MONTHS | (98,941.68) |
| NEWEDGE PARIS | 388,001,000.00 | CZK | 16/12/25 | 0.715% | CZK PRIBOR 6 MONTHS | 285,141.71 |
|  | Total: | 1,322,053.69 |

CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 70,000,000.00 | AUD | 18/12/29 | AUD BANK BILL 6 MONTHS | 1.6475% | 544,075.31 |
| NEWEDGE PARIS | 35,000,000,000.00 | HUF | 14/04/23 | 1.67% | HUF BUBOR 6 MONTHS | (1,661,887.86) |
| BANCO SANTANDER SA | 65,000,000,000.00 | CLP | 15/05/25 | CLP OIS ON COMPOUND AV | 2.24% | 434,299.43 |


###### SWAPS
CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income (continued)
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 150,000,000.00 | AUD | 20/05/26 | AUD BANK BILL 6 MONTHS | 0.895% | 70,303.95 |
| NEWEDGE PARIS | 1,300,000,000.00 | CNY | 28/08/24 | CNY SWAP HKSH 7D DEPO | 2.84% | 349,676.36 |
| GOLDMAN SACHS INTL PARIS | 10,000,000,000.00 | RUB | 05/10/24 | RUB MOSPRIME 3 MONTHS | 5.983% | (358,127.44) |
| NEWEDGE PARIS | 1,300,000,000.00 | PLN | 15/10/23 | 0.4325% | PLN WIBOR 6 MONTHS | 45,180.08 |
| NEWEDGE PARIS | 700,000,000.00 | PLN | 19/11/22 | 0.257% | PLN WIBOR 3 MONTHS | (128,585.51) |
| NEWEDGE PARIS | 133,000,000.00 | USD | 24/11/30 | USD LIBOR 3 MONTHS | 1.2503% | (891,288.33) |
| NEWEDGE PARIS | 1,130,000,000.00 | NOK | 24/11/30 | 1.43% | NOK OIBOR 6 MONTHS | 1,086,246.03 |
| NEWEDGE PARIS | 300,000,000.00 | PLN | 08/12/25 | 0.739% | PLN WIBOR 6 MONTHS | (431,899.33) |
| NEWEDGE PARIS | 1,300,000,000.00 | NOK | 21/12/24 | 1.068% | NOK OIBOR 6 MONTHS | 85,835.87 |
| NEWEDGE PARIS | 600,000,000.00 | NOK | 22/12/24 | 1.09% | NOK OIBOR 6 MONTHS | 15,891.01 |
|  | Total: | (840,280.43) |

CARMIGNAC PORTFOLIO Emerging Patrimoine
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| JP MORGAN AG FRANKFURT | 1,770,000,000.00 | RUB | 18/12/24 | RUB MOSPRIME 3 MONTHS | 7.765% | 1,372,806.05 |
| GOLDMAN SACHS INTERNATIONAL | 1,730,000,000.00 | RUB | 18/12/24 | RUB MOSPRIME 3 MONTHS | 7.611% | 1,239,494.50 |
| GOLDMAN SACHS INTERNATIONAL | 2,042,500,000.00 | RUB | 17/06/24 | RUB MOSPRIME 3 MONTHS | 7.57% | 1,331,710.07 |
| JP MORGAN AG FRANKFURT | 867,691,000.00 | CNY | 15/06/24 | CNY SWAP HKSH 7D DEPO | 2.625% | (133,098.46) |


###### SWAPS
CARMIGNAC PORTFOLIO Emerging Patrimoine (continued)
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 940,245,000.00 | CNY | 15/06/24 | CNY SWAP HKSH 7D DEPO | 2.675% | (33,660.09) |
| NEWEDGE PARIS | 21,000,000,000.00 | HUF | 17/06/24 | 1.0875% | HUF BUBOR 6 MONTHS | (357,565.83) |
| NEWEDGE PARIS | 2,545,913,000.00 | CZK | 15/12/23 | 1.00% | CZK PRIBOR 6 MONTHS | 141,594.30 |
| NEWEDGE PARIS | 175,345,000.00 | PLN | 16/06/26 | 0.8025% | PLN WIBOR 6 MONTHS | (184,770.71) |
|  | Total: | 3,376,509.83 |

CARMIGNAC PORTFOLIO Patrimoine
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 3,122,829,000.00 | HUF | 17/06/25 | 1.115% | HUF BUBOR 6 MONTHS | (42,471.57) |
| NEWEDGE PARIS | 1,573,823,000.00 | HUF | 17/06/25 | 1.1325% | HUF BUBOR 6 MONTHS | (24,711.90) |
| NEWEDGE PARIS | 1,553,033,000.00 | HUF | 17/06/25 | 1.14% | HUF BUBOR 6 MONTHS | (25,784.17) |
| NEWEDGE PARIS | 2,700,000,000.00 | HUF | 16/12/23 | 1.01% | HUF BUBOR 6 MONTHS | (32,752.13) |
| NEWEDGE PARIS | 2,700,000,000.00 | HUF | 16/12/23 | 1.0225% | HUF BUBOR 6 MONTHS | (35,462.36) |
| NEWEDGE PARIS | 5,280,000,000.00 | HUF | 16/12/23 | 0.9825% | HUF BUBOR 6 MONTHS | (52,388.58) |
| NEWEDGE PARIS | 2,700,000,000.00 | HUF | 16/12/23 | 0.9825% | HUF BUBOR 6 MONTHS | (26,789.63) |
| NEWEDGE PARIS | 2,700,000,000.00 | HUF | 16/12/23 | 0.99% | HUF BUBOR 6 MONTHS | (28,415.76) |
| GOLDMAN SACHS INTL PARIS | 1,510,000,000.00 | RUB | 15/09/24 | RUB MOSPRIME 3 MONTHS | 5.3925% | (206,579.33) |


###### SWAPS
CARMIGNAC PORTFOLIO Patrimoine (continued)
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| JP MORGAN AG FRANKFURT | 1,520,618,000.00 | RUB | 15/09/24 | RUB MOSPRIME 3 MONTHS | 5.385% | (211,304.26) |
| GOLDMAN SACHS INTL PARIS | 776,794,000.00 | RUB | 15/09/24 | RUB MOSPRIME 3 MONTHS | 5.301% | (126,665.14) |
| NEWEDGE PARIS | 214,066,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.82% | 41,965.85 |
| NEWEDGE PARIS | 321,098,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.813% | 57,700.80 |
| NEWEDGE PARIS | 102,596,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.813% | 18,436.33 |
| NEWEDGE PARIS | 20,520,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.775% | 1,866.87 |
| NEWEDGE PARIS | 103,150,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.7125% | (5,667.42) |
| NEWEDGE PARIS | 199,645,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.635% | (47,093.51) |
| NEWEDGE PARIS | 37,155,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.7025% | (2,908.91) |
| NEWEDGE PARIS | 98,404,740.00 | MXN | 14/06/23 | MXN TIIE 28D | 4.58875% | 18,641.88 |
| NEWEDGE PARIS | 98,404,740.00 | MXN | 14/06/23 | 4.805% | MXN TIIE 28D | (35,190.94) |
| NEWEDGE PARIS | 212,497,000.00 | CNY | 21/12/24 | CNY SWAP HKSH 7D DEPO | 2.765% | (3,786.62) |
| NEWEDGE PARIS | 212,496,000.00 | CNY | 21/12/24 | CNY SWAP HKSH 7D DEPO | 2.735% | (18,568.15) |
| NEWEDGE PARIS | 212,496,000.00 | CNY | 21/12/24 | CNY SWAP HKSH 7D DEPO | 2.68% | (45,667.64) |
| NEWEDGE PARIS | 212,495,000.00 | CNY | 21/12/24 | CNY SWAP HKSH 7D DEPO | 2.673% | (49,116.44) |
| NEWEDGE PARIS | 1,100,000,000.00 | HUF | 17/06/25 | 1.0275% | HUF BUBOR 6 MONTHS | (3,402.25) |
| NEWEDGE PARIS | 54,000,000.00 | CNY | 21/09/24 | CNY SWAP HKSH 7D DEPO | 2.9425% | 26,030.58 |


###### SWAPS
CARMIGNAC PORTFOLIO Patrimoine (continued)
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| JP MORGAN AG | 235,000,000.00 | RUB | 15/09/24 | RUB MOSPRIME | 5.47% | (26,924.08) |
| FRANKFURT |  |  |  | 3 MONTHS |  |  |
| NEWEDGE PARIS | 2,350,000,000.00 | HUF | 16/12/23 | 0.889% | HUF BUBOR 6 | (5,672.29) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 83,000,000.00 | PLN | 08/12/25 | 0.77% | PLN WIBOR 6 | (147,006.28) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 22,361,000.00 | PLN | 08/12/25 | 0.7675% | PLN WIBOR 6 | (39,007.12) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 30,500,000.00 | PLN | 09/12/25 | 0.75% | PLN WIBOR 6 MONTHS | (47,385.41) |
| NEWEDGE PARIS | 15,251,000.00 | PLN | 09/12/25 | 0.755% | PLN WIBOR 6 MONTHS | (24,510.13) |
| NEWEDGE PARIS | 98,404,740.00 | MXN | 14/06/23 | 4.58875% | MXN TIIE 28D | (18,641.88) |
| NEWEDGE PARIS | 98,404,740.00 | MXN | 14/06/23 | MXN TIIE 28D | 4.805% | 35,190.94 |
| NEWEDGE PARIS | 25,000,000.00 | PLN | 04/01/26 | 0.67% | PLN WIBOR 6 MONTHS | (14,543.12) |
| NEWEDGE PARIS | 12,500,000.00 | PLN | 04/01/26 | 0.7% | PLN WIBOR 6 MONTHS | (11,331.32) |
| NEWEDGE PARIS | 12,500,000.00 | PLN | 04/01/26 | 0.7% | PLN WIBOR 6 MONTHS | (11,331.32) |
| NEWEDGE PARIS | 12,500,000.00 | PLN | 04/01/26 | 0.68% | PLN WIBOR 6 MONTHS | (8,624.81) |
| NEWEDGE PARIS | 6,250,000.00 | PLN | 04/01/26 | 0.67% | PLN WIBOR 6 MONTHS | (3,635.78) |
| NEWEDGE PARIS | 15,249,000.00 | PLN | 09/12/25 | 0.754% | PLN WIBOR 6 MONTHS | (24,343.76) |
|  | Total: | (1,207,850.76) |


###### SWAPS
CARMIGNAC PORTFOLIO Sécurité
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 919,551,000.00 | CZK | 12/10/25 | 0.649% | CZK PRIBOR 6 MONTHS | 730,077.23 |
| NEWEDGE PARIS | 126,437,000.00 | PLN | 12/10/25 | 0.59% | PLN WIBOR 6 | (12,098.58) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 50,575,000.00 | PLN | 12/10/25 | 0.575% | PLN WIBOR 6 | 3,021.45 |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 276,411,000.00 | CZK | 13/10/25 | 0.612% | CZK PRIBOR 6 | 238,108.28 |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 17,700,000.00 | PLN | 12/10/25 | 0.55% | PLN WIBOR 6 | 5,642.64 |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 25,288,000.00 | PLN | 12/10/25 | 0.58% | PLN WIBOR 6 | 200.57 |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 10,589,000.00 | EUR | 19/11/30 | (0.2333%) | EUR EURIBOR 6 | (37,826.06) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 70,962,000.00 | PLN | 20/11/25 | 0.624% | PLN WIBOR 6 | (20,502.36) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 52,038,000.00 | PLN | 20/11/25 | 0.6135% | PLN WIBOR 6 | (9,249.10) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 3,100,000.00 | EUR | 23/11/30 | (0.2433%) | EUR EURIBOR 6 | (7,848.45) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 360,000,000.00 | NOK | 26/11/30 | 1.11% | NOK OIBOR 6 | 585,898.92 |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 6,000,000.00 | EUR | 26/11/35 | (0.0478%) | EUR EURIBOR 6 | (29,613.70) |
|  |  |  |  |  | MONTHS |  |
| NEWEDGE PARIS | 356,354,000.00 | NOK | 03/12/30 | 1.15% | NOK OIBOR 6 | 454,917.43 |
|  |  |  |  |  | MONTHS |  |
|  | Total: | 1,900,728.27 |


###### SWAPS
CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt)
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| GOLDMAN SACHS INTL PARIS | 350,000,000.00 | RUB | 16/12/25 | RUB MOSPRIME 3 MONTHS | 5.904% | 3,006.45 |
| BOFA SECURITIES EUROPE SA | 152,000,000.00 | RUB | 16/12/25 | RUB MOSPRIME 3 MONTHS | 5.49% | (28,048.37) |
| JP MORGAN AG FRANKFURT | 36,924,000.00 | CNY | 15/06/24 | CNY SWAP HKSH 7D DEPO | 2.625% | (5,663.92) |
| NEWEDGE PARIS | 80,000,000.00 | CNY | 15/06/24 | CNY SWAP HKSH 7D DEPO | 2.68% | (1,923.19) |
| NEWEDGE PARIS | 15,000,000.00 | PLN | 17/03/24 | 0.43% | PLN WIBOR 6 MONTHS | (7,238.24) |
| NEWEDGE PARIS | 67,824,000.00 | CZK | 16/06/25 | 0.708% | CZK PRIBOR 6 MONTHS | 43,846.78 |
| NEWEDGE PARIS | 1,000,000,000.00 | HUF | 16/06/24 | 1.24% | HUF BUBOR 6 MONTHS | (25,407.47) |
| NEWEDGE PARIS | 1,500,000,000.00 | HUF | 16/06/24 | 0.964% | HUF BUBOR 6 MONTHS | (4,530.38) |
| NEWEDGE PARIS | 15,000,000.00 | PLN | 17/03/24 | 0.425% | PLN WIBOR 6 MONTHS | (6,747.42) |
| NEWEDGE PARIS | 67,824,000.00 | CZK | 16/06/25 | 1.1% | CZK PRIBOR 6 MONTHS | 3,852.07 |
|  | Total: | (28,853.69) |

Cross Currency Interests Rate Swaps
The SICAV has entered into swap agreements whereby it exchanges interest payments and principal denominated in two different currencies. In a cross-currency swap, interest payments and principal in one currency are exchanged for principal and interest payments in a different currency.
CARMIGNAC PORTFOLIO Sécurité
| Counterparty | Maturity | Sub-fund received | Sub-fund paid | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- |
| Nominal | Interest Rate | Nominal | Interest Rate |
| GOLDMAN SACHS INTERNATIONAL | 20/09/21 | 3,812,970.00 EUR | 0.542% | 4,200,000.00 USD | 3.001% | 342,633.92 |
|  | Total: | 342,633.92 |


###### SWAPS
Inflation Swaps
An inflation swap is a contract used to transfer inflation risk from one party to another through an exchange of fixed cash flows. In an inflation swap, one party paid a fixed rate cash flow on a notional principal amount while the other party paid a floating rate linked to an inflation index, such as the Consumer Price Index (CPI).
CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 31,200,000.00 | USD | 09/11/30 | 1.915% | CPURNSA URBAN CONSUMER | 852,073.51 |
| NEWEDGE PARIS | 75,000,000.00 | USD | 08/12/25 | 1.956% | CPURNSA URBAN CONSUMER | 570,262.42 |
|  | Total: | 1,422,335.93 |

CARMIGNAC PORTFOLIO Patrimoine
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 25,411,000.00 | USD | 09/11/30 | 1.9325% | CPURNSA URBAN CONSUMER | 655,095.88 |
| NEWEDGE PARIS | 12,589,000.00 | USD | 09/11/30 | 1.924% | CPURNSA URBAN CONSUMER | 333,904.00 |
| NEWEDGE PARIS | 39,339,000.00 | USD | 04/12/30 | 2.0835% | CPURNSA URBAN CONSUMER | 453,508.01 |
|  | Total: | 1,442,507.89 |


###### SWAPS
CARMIGNAC PORTFOLIO Patrimoine Europe
| Counterparty | Nominal | Currency | Maturity | Sub-fund paid | Sub-fund received | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 10,000,000.00 | EUR | 15/12/30 | 1.1487% | CPTFEMU EURO EX TOBACCO | (13,419.20) |
|  | Total: | (13,419.20) |

Credit Default Swap (CDS)
A Credit Default Swap (CDS) is a bilateral financial contract under which a counterparty (the protection buyer) paid a periodic commission in exchange for compensation by the protection seller in the event of the occurrence of a credit event affecting the reference issuer.
The protection buyer acquires the right either to sell at par a particular bond or other bonds of the reference issuer or to receive the difference between the par value and the market price of such reference bond or bonds (or any other previously defined reference value or exercise price) upon the occurrence of a credit event.
CARMIGNAC PORTFOLIO Unconstrained Global Bond
| Counterparty | Nominal | Currency | Maturity | Buy - Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| GOLDMAN SACHS INTL PARIS | 3,870,000.00 | EUR | 20/06/21 | Sell | RYANAIR | (23,197.71) |
|  | Total: | (23,197.71) |

CARMIGNAC PORTFOLIO Unconstrained Euro Fixed Income
| Counterparty | Nominal | Currency | Maturity | Buy - Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 15,000,000.00 | EUR | 20/12/25 | Buy | ITRAXX XOVER S34 V1 MKT | (1,781,949.24) |
| JP MORGAN AG |  |  |  |  |  |  |
| FRANKFURT | 5,000,000.00 | EUR | 20/12/24 | Sell | TIKEHAU | (83,435.84) |
| CITIGROUP GLOBAL |  |  |  |  |  |  |
| MARKETS LONDON | 25,000,000.00 | EUR | 20/12/21 | Sell | BARCLAYS PLC | 185,851.03 |
| JP MORGAN AG |  |  |  |  |  |  |
| FRANKFURT | 3,500,000.00 | EUR | 20/12/21 | Sell | EASYJET PLC | (33,410.29) |
|  | Total: | (1,712,944.34) |


###### SWAPS
CARMIGNAC PORTFOLIO Emerging Patrimoine
| Counterparty | Nominal | Currency | Maturity | Buy - Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| BARCLAYS BANK IRELAND PLC | 24,742,000.00 | USD | 20/12/25 | Buy | KINGDOM OF SAUDI ARABIA | (325,734.17) |
| GOLDMAN SACHS INTL PARIS | 9,450,000.00 | USD | 20/12/25 | Buy | REPUBLIC OF TURKEY | 713,399.17 |
| BNP PARIBAS SA | 9,000,000.00 | USD | 20/12/25 | Buy | REPUBLIC OF TURKEY | 679,427.78 |
|  | Total: | 1,067,092.78 |

CARMIGNAC PORTFOLIO Sécurité
| Counterparty | Nominal | Currency | Maturity | Buy - Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| NEWEDGE PARIS | 23,419,000.00 | EUR | 20/12/25 | Buy | ITRAXX XOVER S34 V1 MKT | (2,782,097.96) |
| MORGAN STANLEY |  |  |  |  |  |  |
| BANK AG GERMANY | 23,419,000.00 | USD | 20/12/25 | Buy | CDX EM S34 V1 MKT | 459,364.97 |
| JP MORGAN AG |  |  |  |  |  |  |
| FRANKFURT | 825,000.00 | EUR | 20/06/25 | Sell | EASYJET PLC | (47,942.94) |
| CITIGROUP GLOBAL |  |  |  |  |  |  |
| MARKETS LONDON | 3,300,000.00 | EUR | 20/06/25 | Sell | EASYJET PLC | (191,771.80) |
| CITIGROUP GLOBAL |  |  |  |  |  |  |
| MARKETS LONDON | 63,000,000.00 | EUR | 20/12/21 | Sell | BARCLAYS PLC | 468,344.63 |
|  | Total: | (2,094,103.10) |

CARMIGNAC PORTFOLIO Unconstrained Credit
| Counterparty | Nominal | Currency | Maturity | Buy - Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| BOFA SECURITIES EUROPE SA | 13,000,000.00 | USD | 20/12/25 | Buy | CDX NA HY S35 V1 MKT | (990,806.31) |
| JP MORGAN AG FRANKFURT | 7,000,000.00 | USD | 20/12/25 | Buy | CDX NA HY S35 V1 MKT | (533,511.10) |
| BNP PARIBAS SA | 7,000,000.00 | USD | 20/12/25 | Buy | CDX NA HY S35 V1 MKT | (533,511.10) |


###### SWAPS
CARMIGNAC PORTFOLIO Unconstrained Credit (continued)
| Counterparty | Nominal | Currency | Maturity | Buy-Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| BNP PARIBAS SA | 1,000,000.00 | USD | 20/12/25 | Buy | CDX EM S34 V1 MKT | 19,615.06 |
| GOLDMAN SACHS |  |  |  |  |  |  |
| INTL PARIS | 5,000,000.00 | USD | 20/12/25 | Buy | CDX EM S34 V1 MKT | 98,075.27 |
| BNP PARIBAS SA | 7,000,000.00 | USD | 20/12/25 | Buy | CDX NA HY S35 V1 MKT | (533,511.10) |
| BNP PARIBAS SA | 8,500,000.00 | USD | 20/12/25 | Buy | CDX NA HY S35 V1 MKT | (647,834.90) |
| CITIGROUP GLOBAL |  |  |  |  |  |  |
| MARKETS LONDON | 5,975,000.00 | USD | 20/12/25 | Buy | CDX EM S34 V1 MKT | 117,199.95 |
| NEWEDGE PARIS | 68,000,000.00 | EUR | 20/12/25 | Buy | ITRAXX XOVER S34 V1 MKT | (8,078,169.91) |
| JP MORGAN AG FRANKFURT | 5,000,000.00 | USD | 20/12/25 | Buy | CDX NA HY S35 V1 MKT | (381,079.35) |
| JP MORGAN |  |  |  |  |  |  |
| SECURITIES LONDON | 400,000.00 | EUR | 20/12/23 | Sell | ALTICE LUXEMBOURG | 34,362.23 |
| CITIGROUP GLOBAL MARKETS LONDON | 200,000.00 | EUR | 20/12/23 | Sell | ALTICE LUXEMBOURG | 17,181.13 |
| NEWEDGE PARIS | 4,000,000.00 | EUR | 20/06/24 | Buy | CARREFOUR | (79,656.79) |
| JP MORGAN AG |  |  |  |  |  |  |
| FRANKFURT | 5,000,000.00 | EUR | 20/12/24 | Sell | TIKEHAU | (83,435.84) |
| JP MORGAN AG |  |  |  |  |  |  |
| FRANKFURT | 1,250,000.00 | EUR | 20/06/25 | Sell | EASYJET PLC | (72,640.88) |
| CITIGROUP GLOBAL |  |  |  |  |  |  |
| MARKETS LONDON | 5,000,000.00 | EUR | 20/06/25 | Sell | EASYJET PLC | (290,563.35) |
| GOLDMAN SACHS |  |  |  |  |  |  |
| INTL PARIS | 1,000,000.00 | EUR | 20/06/21 | Sell | RYANAIR | (5,994.24) |
| JP MORGAN AG |  |  |  |  |  |  |
| FRANKFURT | 1,500,000.00 | EUR | 20/12/21 | Sell | EASYJET PLC | (14,318.68) |
|  | Total: | (11,958,599.91) |


###### SWAPS
CARMIGNAC PORTFOLIO Unconstrained EM Debt (formerly Unconstrained Emerging Markets Debt)
| Counterparty | Nominal | Currency | Maturity | Buy-Sell | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- | --- | --- | --- |
| BARCLAYS BANK IRELAND PLC | 1,267,000.00 | USD | 20/12/25 | USD | KINGDOM OF SAUDI ARABIA | (16,680.31) |
| GOLDMAN SACHS INTL PARIS | 480,000.00 | USD | 20/12/25 | USD | REPUBLIC OF TURKEY | 36,236.16 |
| BNP PARIBAS SA | 1,000,000.00 | USD | 20/12/25 | USD | REPUBLIC OF TURKEY | 75,491.94 |
|  | Total: | 95,047.79 |

Contracts for difference (CFD)
Interest on contracts for differences is included in the "Operating and establishment fees" item.
CARMIGNAC PORTFOLIO Green Gold (formerly Commodities)
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| ZAR | (145,000) | KUMBA IRON ORE | (772,905.20) |
| GBP | (324,670) | ANTOFAGASTA PLC | (678,285.00) |
| USD | (25,000) | NATIONAL OILWELL VARCO INC | (30,035.55) |
| EUR | (9,539) | REPSOL SA | (1,831.49) |
| EUR | (9,539) | REPSOL SA	28.01.21 RIGHT | (2,677.60) |
| USD | 54.08 | BS01H21 VEH1* | (47,420.94) |
|  | Total: | (1,533,155.78) |

*The positions above correspond to a basket of equities.
The counterparties are BofA Securities Europe SA,UBS Europe SE, Morgan Stanley Bank AG Germany, JP Morgan AG Frankfurt.
Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BS01H21 VEH1_MAR21 | RTS FORTS Index | Index | Buy | BofA Securities Europe SA | Russia |


###### SWAPS
CARMIGNAC PORTFOLIO Emerging Patrimoine
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| USD | 208.02 | BS01H21 VEH1 | (182,405.77) |
|  | Total: | (182,405.77) |

The counterparty is BofA Securities Europe SA.
Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BS01H21 VEH1_MAR21 | RTS FORTS Index | Index | Buy | BofA Securities Europe SA | Russia |

CARMIGNAC PORTFOLIO Long-Short European Equities
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| CHF | (6,700) | ROCHE HOLDING LTD | 0.00 |
| CHF | (23,716) | NOVARTIS AG REG SHS | (63,924.99) |
| EUR | (30,269) | FRAPORT AG | (47,451.89) |
| PLN | (64,304) | CD PROJEKT SA | 0.00 |
| USD | 31,265 | SALESFORCE.COM INC | (293,241.94) |
| GBP | (410,955) | J SAINSBURY PLC | (66,112.75) |
| USD | (87,945) | TEXAS ROADHOUSE -A- | (169,629.52) |
| CHF | 46,865 | DUFRY GROUP | 211,456.89 |
| USD | (39,531) | LIVE NATION ENT | (160,809.40) |
| USD | (10,249) | VMWARE INC -A- | (3,099.28) |
| HKD | (184,500) | ASM PACIFIC TECHNOLOGY | (129,541.88) |
| EUR | 28,537 | VOLKSWAGEN AG VORZ.AKT | 30,916.73 |
| USD | (130,683) | SEAGATE TECHNOLOGY PLC | (272,329.93) |
| EUR | (13,364) | ADIDAS AG NAMEN AKT | (408,938.40) |
| USD | (12,452) | JINKOSOLAR HOLDINGS CO LTD REP.2SHS | 72,968.69 |
| TWD | 396,000 | TAIWAN SEMICONDUCTOR CO | 282,816.69 |
| USD | 32,676 | FACEBOOK -A- | (101,749.47) |
| EUR | (350) | SAP AG | (1,834.00) |
| USD | 65,218 | CARA THERAPEUTICS | 24,519.05 |
| GBP | (366,820) | PEARSON PLC | (136,876.19) |
| GBP | 152,170 | PERSIMMON PLC | 188,703.72 |
| GBP | (207,012) | BOOHOO GROUP PLC | (69,381.75) |
| USD | 676,049 | SABRE | 425,448.68 |
| USD | 93,840 | JD.COM INC SADR REPR 2 SHS -A- | 195,571.90 |
| GBP | 123,082 | INFORMA PLC | 25,851.21 |
| EUR | (57,537) | NN GROUP NV | (92,283.02) |
| EUR | 4,892 | AENA SME SA | 27,395.20 |
| USD | 306,727 | REGENXBIO INC | 2,603,238.44 |


###### SWAPS
CARMIGNAC PORTFOLIO Long-Short European Equities (continued)
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| USD | 5,962 | ALPHABET INC -A- | (26,951.98) |
| USD | (14,025) | PENUMBRA INC | 99,471.11 |
| ZAR | (10,055,293) | STEINHOFF INTERNATIONAL HOLDINGS N.V. | (89,517.39) |
| EUR | (5,069,170) | STEINHOFF INTERNATIONAL HOLDINGS N.V. | (17,583.60) |
| USD | 57,636 | CHEMOCENTRYX | 26,883.19 |
| GBP | (251,066) | BLUE PRISM GRP | (816,223.95) |
| USD | 14,430 | MONGODB INC | 761,486.25 |
| EUR | (60,467) | HELLOFRESH SE | (838,565.78) |
| USD | 646 | AMAZON.COM INC | 51,965.76 |
| USD | 2,254 | BOOKING HOLDINGS INC | 366,262.34 |
| EUR | (284,153) | DEUTSCHE LUFTHANSA AG REG SHS | (397,257.20) |
| ZAR | (28,284,621) | STEINHOFF INTERNATIONAL HOLDINGS N.V. | (251,804.25) |
| ZAR | (18,863,647) | STEINHOFF INTERNATIONAL HOLDINGS N.V. | (167,933.89) |
| ZAR | (6,409,279) | STEINHOFF INTERNATIONAL HOLDINGS N.V. | (57,058.70) |
| EUR | (1,298,426) | STEINHOFF INTERNATIONAL HOLDINGS N.V. | (15,840.80) |
| USD | 56,532 | GUARDANT HEALTH --- REGISTERED SHS | 358,537.31 |
| USD | 487,846 | DELL TECHNOLGES-REGISTERED SHS C W/I | 1,698,519.85 |
| CHF | (5,245) | ALCON - REGISTERED SHS | (4,170.59) |
| NOK | 1,055,412 | ADEVINTA ASA - REGISTERED SHS | 1,491,691.27 |
| CHF | (16,416) | STADLER RAIL AG | 0.00 |
| USD | 95,885 | UBER TECH - REG SH | (45,184.65) |
| USD | 62,073 | TAIWAN SEMICONDUCTOR ADR (REP 5 SHS) | 443,044.20 |
| USD | (13,404) | GSX TECHEDU INC | 137,814.00 |
| USD | 62,846 | 10X GENOMICS - REGS- A | (502,798.39) |
| EUR | (25,943) | TEAMVIEWER - BEARER SHS | (101,177.70) |
| CHF | 321 | STADLER RAIL AG | (136.53) |
| CHF | (11,450) | STADLER RAIL AG | 4,869.86 |
| EUR | (38,215) | DEUTSCHE LUFTHANSA AG REG SHS | (44,673.34) |
| EUR | 487 | LUFTHANSA | 569.30 |
| USD | (188,440) | JUNIPER NETWORKS INC | (113,968.04) |
| SEK | (47,042) | LOOMIS AB | 86,139.50 |
| GBP | (23,767) | BLUE PRISM GRP | (77,267.31) |
| GBP | (112,738) | THG HOLDINGS PLC | (190,436.66) |
| GBP | (595,467) | THG HOLDINGS PLC | (1,005,860.91) |
| USD | (71,482) | VMWARE INC | (21,616.07) |
| EUR | (30,596) | EUROFINS SCIENTIFIC SE | (53,072.10) |
| EUR | (38,513.66) | BC03G21 UBCARDAX* | (72,635.15) |
| EUR | (20,967.47) | BC04G21 UBCARM5E* | 8,523.53 |
| USD | (103,766.46) | BC00H21 MLCCUS01* | (906,511.67) |
| EUR | (104,689.53) | BC03H21BNPCARM2* | (85,336.91) |
| USD | (143,142.30) | BC06H21 MLCCBIOT* | (976,556.68) |
| USD | 27 | FREEDOM HOLDING CORP | 123.57 |
| USD | (8,424) | C3 AI INC-A | (189,001.34) |
| GBP | 207,012 | BOOHOO GROUP PLC | 53,587.45 |


###### SWAPS
CARMIGNAC PORTFOLIO Long-Short European Equities (continued)
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| USD | (27) | FREEDOM HOLDING CORP | (185.21) |
| EUR | (61,922.59) | BC08G21 UBCARM50* | (63,991.04) |
| USD | (104,988) | CAMPBELL SOUP CO | 113,308.57 |
| USD | (28,375) | IBM CORP | (54,730.09) |
| USD | (33,307) | INTL FLAVORS & FRAG | 88,742.45 |
| USD | (73,991) | KELLOGG CO | 101,593.63 |
| JPY | 199,700 | SOFTBANK GROUP** | (656.53) |
| USD | (130,683) | SEAGATE TECNNOLOGY** | 394.02 |
| TWD | 328,000 | TAIWAN SEMICONDUCTOR** | 39.27 |
| USD | 62,073 | TAIWAN SEMICONDUCTOR** | 13.75 |
| SEK | (47,042) | LOOMIS AB** | (529.54) |
| USD | (33,307) | INTER FLAVORS & FLAGRANCES** | 89.46 |
|  | Total: | 776,118.44 |

*The positions above correspond to a basket of equities.
**These positions are dividends receivable.
The counterparties are BNP Paribas SA, BofA Securities Europe SA, Goldman Sachs International Paris, JP Morgan AG Frankfurt, Morgan Stanley Bank AG Germany, UBS Europe SE.
Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BC03G21 UBCARDAX FEB21 | UBCARDAX | Basket of Equities | Sale | UBS Europe SE | Germany |
| BC04G21 UBCARM5E FEB21 | UBCARM5E | Basket of Equities | Sale | UBS Europe SE | Europe |
| BC00H21 MLCCUS01 MAR21 BC03H21_BNPCARM2 MAR21 | MLCCUS01 BNPCARM2 | Basket of Equities Basket of Equities | Sale Sale | BofA Securities Europe SA BNP Paribas SA | United States Europe |
| BC06H21 MLCCBIOT MAR21 | MLCCBIOT | Basket of Equities | Sale | BofA Securities Europe SA | United States |
| BC08G21 UBCARM50 FEB21 | UBCARM50 | Basket of Equities | Sale | UBS Europe SE | UK/Switzerland |


###### SWAPS
CARMIGNAC PORTFOLIO Investissement
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| EUR | 43,363 | PUMA AG | 372,774.04 |
| EUR | (18,839) | KONINKLIJKE AHOLD DELHAIZE NV | 16,578.32 |
| SEK | (14,198) | HENNES AND MAURITZ AB | 13,564.29 |
| USD | 63,967.96 | BC00G21 UBQUIND2* | 27,741.26 |
| USD | (4,488) | BEST BUY CO INC | 33,048.82 |
| USD | (4,871) | GENERAL MILLS INC | 8,041.70 |
|  | Total: | 471,748.43 |

*The positions above correspond to a basket of equities.
The counterparties are UBS Europe SE, BofA Securities Europe SA, Goldman Sachs International Paris, JP Morgan AG Frankfurt.
Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BC00G21 UBQUIND2 FEB 21 | UBQUIND2 | Basket of Equities | Buy | UBS Europe SE | United States |

CARMIGNAC PORTFOLIO Patrimoine
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| EUR | 31,343 | HERMES INTERNATIONAL SA | 1,949,534.60 |
| EUR | (61,960) | KONINKLIJKE AHOLD DELHAIZE NV | 54,524.80 |
| SEK | (49,689) | HENNES AND MAURITZ AB | 47,471.20 |
| USD | 244,137.28 | BC00G21 UBQUIND2* | 105,876.09 |
| USD | 485,936.27 | BC07H21 GDMNTR* | (177,703.89) |
| USD | (19,051) | BEST BUY CO INC | 140,288.10 |
| USD | (13,057) | GENERAL MILLS INC | 21,556.24 |
|  | Total: | 2,141,547.14 |

*The positions above correspond to a basket of equities.
The counterparties are UBS Europe SE, BofA Securities Europe SA, Goldman Sachs International Paris, JP Morgan AG Frankfurt.
Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BC00G21 UBQUIND2 FEB21 BC07H21 GDMNTR MAR21 | UBQUIND2 GDMNTR | Basket of Equities Basket of Equities | Buy Buy | UBS Europe SE BofA Securities Europe SA | United States International |


###### SWAPS
CARMIGNAC PORTFOLIO Flexible Allocation 2024
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| USD | 40,577.28 | BC07H21 GDMNTR | (14,838.86) |
|  | Total: | (14,838.86) |

*The positions above correspond to a basket of equities. The counterparty is BofA Securities Europe SA. Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BC07H21 GDMNTR MAR21 | GDMNTR | Index | Buy | BofA Securities Europe SA | United States |

CARMIGNAC PORTFOLIO Long-Short Global Equities
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| PLN | (29,365) | CD PROJEKT SA | 145,760.05 |
| GBP | (20,123) | NEXT PLC | (119,193.87) |
| GBP | (1,210,333) | ITV PLC | (61,264.40) |
| USD | (27,786) | TERADATA - SHS WHEN ISSUED | (12,263.04) |
| USD | (14,101) | SEAGATE TECHNOLOGY PLC | (38,607.62) |
| GBP | (112,571) | EASYJET PLC | (128,762.43) |
| USD | (157,979) | COTY INC -A- | (42,889.00) |
| GBP | (120,186) | PEARSON PLC | (31,614.65) |
| USD | (47,529) | STORE CAPITAL CORP | (55,160.13) |
| USD | (114,724) | VISTA OUTDOOR | (210,774.67) |
| USD | (19,958) | EDGEWELL PER | 2,772.96 |
| USD | (21,406) | CYTOKINETICS INC | (69,630.08) |
| EUR | (28,450) | KONINKLIJKE AHOLD DELHAIZE NV | 25,036.00 |
| USD | (50,553) | CAMPING WORLD HOLDINGS INC REG A | 183,188.15 |
| EUR | (2,779) | HELLOFRESH SE | (38,683.68) |
| USD | (97,456) | ZUORA INC | (202,311.50) |
| CHF | (14,945) | STADLER RAIL AG | 6,356.34 |
| USD | (50,849) | JUNIPER NETWORKS INC | (30,753.35) |
| GBP | (80,503) | THG HOLDINGS PLC | (135,985.40) |
| USD | 19,164.79 | BC01F21 SGBCARUS* | 359,005.80 |
| USD | (61,538) | KASPI - SHS SPONSORED GDR | (821,882.18) |
| USD | 50,204.70 | BC05G21 GSCBCRMG* | (697,223.28) |
| EUR | (57,569.84) | BC05H21 GSCBSTE1* | 16,135.43 |
| USD | (157,190) | BED BATH AND BEYOND INC | 320,180.76 |
| USD | (16,353) | THOR INDUSTRIES INC | 43,284.73 |
| USD | (14,101) | SEAGATE TECHNOLOGY** | 42.52 |


###### SWAPS
CARMIGNAC PORTFOLIO Long-Short Global Equities (continued)
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| USD | (47,529) | STORE CAPITAL CORP** | (73.90) |
| USD | (19,958) | EDGEWELL PER** | 31.19 |
| USD | (50,553) | CAMPING WORLD HOLDINGS INC REG A** | 33.89 |
| USD | (16,353) | THOR INDUSTRIES INC** | 0.00 |
| USD | (50,553) | CAMPING WORLD HOLDINGS INC REG A** | 342.65 |
|  | Total: | (1,594,902.71) |

*The positions above correspond to a basket of equities.
**These positions are dividends receivable.
The counterparties are Société Générale Paris, Goldman Sachs International Paris, BofA Securities Europe SA.
Composition of baskets
| Basket | Underlying | Nature | Buy- Sale | Counterparty | Geographic sector |
| --- | --- | --- | --- | --- | --- |
| BC01F21 SGBCARUS JAN21 BC05G21 GSCBCRMG FEB21 BC05H21 GSCBSTE1 MAR21 | SGBCARUS GSCBCRMG GSCBSTE1 | Basket of Equities Basket of Equities Basket of Equities | Buy Buy Sell | Société Générale Goldman Sachs Intl Paris Goldman Sachs Intl Paris | United States United States Europe |

CARMIGNAC PORTFOLIO Alpha Themes (launched on 03 April 2020)
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| CHF | (33,000) | ABB LTD REG SHS | 0.00 |
| CHF | (7,000) | ADECCO REG.SHS | 0.00 |
| CHF | (2,500) | TEMENOS AG NAM.AKT | 0.00 |
| GBP | (140,023) | J SAINSBURY PLC | (23,759.88) |
| CHF | (3,200) | KUEHNE + NAGEL INTERNATIONAL AG | 0.00 |
| EUR | (2,400) | AEROPORTS DE PARIS-ADP- | (480.00) |
| USD | (26,000) | THE WESTERN UNION COMPANY | 12,941.57 |
| DKK | (1,500) | DSV PANALPINA A/S | 0.00 |
| CHF | (1,400) | GEBERIT AG | 0.00 |
| EUR | (10,235) | PUBLICIS GROUPE | (27,005.61) |
| CHF | (461) | SGS SA REG SHS | 0.00 |
| EUR | (8,500) | BMW AG | 4,525.87 |
| GBP | (82,000) | SAGE GROUP | 21,070.27 |
| GBP | (10,000) | BRITISH LAND CO PLC REIT | (1,932.74) |
| SEK | (30,000) | SVENSKA HANDELSBANKEN AB-A- | 0.00 |
| EUR | (6,000) | DASSAULT SYSTEMES SA | (66,600.00) |
| EUR | (10,500) | VALEO SA | (1,993.64) |
| EUR | (34,500) | KONINKLIJKE AHOLD DELHAIZE NV | 27,074.99 |


###### SWAPS
CARMIGNAC PORTFOLIO Alpha Themes (launched on 03 April 2020) (continued)
| Currency | Quantity | Underlying | Unrealised appreciation/ (depreciation) in EUR |
| --- | --- | --- | --- |
| SEK | (6,483) | HENNES AND MAURITZ AB | 0.00 |
| SEK | (40,000) | SKANDINAVISKA ENSKILDA BANKEN -A- | 0.00 |
| SEK | (35,000) | SECURITAS -B- FREE | 0.00 |
| GBP | (17,623) | LAND SEC R.E.I.T | (3,189.51) |
| EUR | (13,000) | UMICORE SA | (21,152.79) |
| SEK | (26,000) | CASTELLUM AB | 0.00 |
| EUR | (14,303) | RANDSTAD BR | (19,003.36) |
| USD | (19,230) | CAMPBELL SOUP CO | 26,246.66 |
| GBP | (28,000) | DIAGEO PLC | 2,627.28 |
| USD | (1,500) | BEST BUY CO INC | 11,045.73 |
| USD | (19,700) | GENERAL MILLS INC | 32,523.40 |
| USD | (9,200) | KELLOGG CO | 12,632.10 |
| USD | (20,000) | KROGER CO | 20,268.89 |
|  | Total: | 5,839.23 |

The counterparty is UBS Europe SE.

Translation (ENDE, 2020-12-31):
# CARMIGNAC PORTFOLIO
## Konsolidierter

### Abschluss zum 31.12.2020
Aufstellung des Nettovermögens zum 31.12.2020
Ausgedrückt in EUR
| Aktiva |  | 10.231.162.360,04 |
| --- | --- | --- |
| Wertpapierportfolio zum Bewertungskurs | Erläuterung 2 | 9.328.681.984,85 |
| Anschaffungskosten |  | 8.636.594.369,04 |
| Nicht realisierter Gewinn aus dem Wertpapierportfolio |  | 692.087.615,81 |
| Zum Bewertungskurs erworbene Optionen | Erläuterung 2 | 36.533.654,95 |
| Zum Einstandspreis erworbene Optionen |  | 32.855.421,76 |
| Bankguthaben und liquide Mittel |  | 578.725.758,38 |
| Zinsforderungen |  | 51.402.242,98 |
| Forderungen gegenüber Brokern |  | 162.219.256,48 |
| Forderungen aus Zeichnungen |  | 54.717.994,24 |
| Dividendenforderungen |  | 920.908,96 |
| Nicht realisierter Nettogewinn aus Devisenterminkontrakten | Erläuterung 2 | 6.973.806,16 |
| Nicht realisierter Nettogewinn aus Futures | Erläuterung 2 | 1.392.042,37 |
| Nicht realisierter Nettogewinn aus Swaps | Erläuterung 2 | 9.405.416,38 |
| Sonstige Aktiva | Erläuterung 12 | 189.294,29 |
| Passiva |  | 304.827.675,40 |
| Zum Bewertungskurs verkaufte Optionen | Erläuterung 2 | 10.515.744,48 |
| Zum Einstandspreis verkaufte Optionen |  | 7.956.006,50 |
| Kontoüberziehungen |  | 61.630.265,93 |
| Verbindlichkeiten gegenüber Brokern |  | 100.270.860,87 |
| Verbindlichkeiten aus Rücknahmen |  | 10.815.018,34 |
| Nicht realisierter Nettoverlust aus Devisenterminkontrakten | Erläuterung 2 | 748.790,58 |
| Nicht realisierter Nettoverlust aus Futures | Erläuterung 2 | 10.983.486,46 |
| Nicht realisierter Nettoverlust aus Swaps | Erläuterung 2 | 16.245.805,30 |
| Sonstige Passiva | Erläuterung 13 | 93.617.703,44 |
| Nettoinventarwert |  | 9.926.334.684,64 |

Aufwands- und Ertragsrechnung und Veränderungen des Nettovermögens vom 01.01.2020 bis 31.12.2020
Ausgedrückt in EUR
| Erträge |  | 186.269.961,62 |
| --- | --- | --- |
| Nettodividenden | Erläuterung 2 | 29.190.387,88 |
| Nettozinsen aus Anleihen | Erläuterung 2 | 134.713.038,22 |
| Bankzinsen aus Sichteinlagen |  | 870.433,48 |
| Sonstige Finanzerträge |  | 2.996.618,72 |
| Zinsen aus Swapverträgen |  | 17.881.964,73 |
| Erträge aus Wertpapierleihe | Erläuterung 2, 7 | 617.518,59 |
| Aufwand |  | 217.610.392,56 |
| Verwaltungsgebühren | Erläuterung 3 | 73.252.586,88 |
| Depotbank- und Unterdepotbankgebühren | Erläuterung 4 | 1.424.633,33 |
| Taxe d’abonnement | Erläuterung 5 | 4.164.458,57 |
| Performancegebühren | Erläuterung 3 | 80.418.853,29 |
| Überziehungszinsen |  | 6.634.135,02 |
| Rechtskosten |  | 1.871,08 |
| Transaktionskosten | Erläuterung 6 | 10.696.542,49 |
| Dividendenaufwand |  | 602.845,09 |
| Zinsen aus Swapverträgen |  | 25.072.609,25 |
| Betriebs- und Gründungskosten | Erläuterung 4 | 15.341.857,56 |
| Nettoverlust aus Anlagen |  | (31.340.430,94) |
| Realisierter Nettogewinn/-verlust aus: |  |  |
| - Wertpapierverkäufen | Erläuterung 2 | 405.742.230,64 |
| - Optionen |  | 3.619.218,81 |
| - Devisenterminkontrakten |  | 120.468.899,22 |
| - Futures |  | (98.490.647,22) |
| - Swaps |  | 35.565.404,53 |
| - Wechselkursgeschäften |  | (56.102.278,25) |
| Realisierter Nettogewinn |  | 379.462.396,79 |
| Veränderung des nicht realisierten Nettogewinns/-verlusts aus: |  |  |
| - Anlagen | Erläuterung 2 | 438.545.926,58 |
| - Optionen |  | 1.287.437,66 |
| - Devisenterminkontrakten |  | (368.006,24) |
| - Futures |  | (10.500.505,07) |
| - Swaps |  | 5.873.065,01 |
| Zunahme des Nettovermögens gemäß Erfolgsrechnung |  | 814.300.314,73 |
| Ausgeschüttete Dividenden | Erläuterung 10 | (9.803.785,60) |
| Zeichnungen von thesaurierenden Aktien |  | 4.618.946.329,76 |
| Zeichnungen von ausschüttenden Aktien |  | 98.503.930,10 |
| Rücknahmen von thesaurierenden Aktien |  | (3.736.134.334,49) |
| Rücknahmen von ausschüttenden Aktien |  | (105.403.873,52) |
| Zunahme des Nettovermögens |  | 1.680.408.580,98 |
| Nettovermögen am Jahresanfang |  | 8.245.926.103,66 |
| Nettovermögen am Jahresende |  | 9.926.334.684,64 |