# OYSTER
## - Balanced Strategy Portfolio USD

### Financial Statements as at 31/12/2021

#### Statement of net assets as at 31/12/2021
Expressed in USD
| Assets |  | 44,511,129.24 |
| --- | --- | --- |
| Securities portfolio at market value | Note 2 | 41,930,719.34 |
| Unrealised profit on the securities portfolio |  | 2,296,923.71 |
| Options purchased at market value | Note 2 | 33,416.00 |
| Cash at banks and liquidities |  | 2,065,283.44 |
| Subscriptions receivable |  | 344,435.14 |
| Dividends receivable | Note 2 | 1,953.98 |
| Unrealised profit on forward foreign exchange contracts | Note 2 | 135,321.34 |
| Liabilities |  | 61,816.26 |
| Management fees payable | Note 3 | 39,364.03 |
| Other liabilities |  | 22,452.23 |
| Net asset value |  | 44,449,312.98 |


#### Statement of operations and changes in net assets from 01/01/2021 to 31/12/2021
Expressed in USD
| Income |  | 30,929.97 |
| --- | --- | --- |
| Net dividends | Note 2 | 30,441.50 |
| Bank interest on cash account |  | 32.68 |
| Other income |  | 455.79 |
| Expenses |  | 356,562.87 |
| Management fees and Management Company fees | Note 3 | 232,626.59 |
| Depositary fees | Note 6 | 5,051.87 |
| Taxe d'abonnement | Note 5 | 7,420.05 |
| Administrative expenses | Note 3 | 46,632.99 |
| Bank interest |  | 630.06 |
| Legal fees |  | 10,369.81 |
| Transaction fees | Note 8 | 16,787.68 |
| Other expenses | Note 10 | 37,043.82 |
| Net loss from investments |  | (325,632.90) |
| Net realised profit / loss on: - sales of investment securities | Note 2 | 607,820.28 |
| - options | Note 2 | (68,740.00) |
| - forward foreign exchange contracts | Note 2 | (743,277.49) |
| - foreign exchange | Note 2 | 16,834.91 |
| Net realised loss |  | (512,995.20) |
| Movement in net unrealised appreciation / depreciation on: - investments |  | 1,044,372.46 |
| - options |  | (30,664.00) |
| - forward foreign exchange contracts |  | 135,321.34 |
| Increase in net assets as a result of operations |  | 636,034.60 |
| Subscription capitalisation shares |  | 37,286,248.83 |
| Redemption capitalisation shares |  | (4,482,761.52) |
| Increase in net assets |  | 33,439,521.91 |
| Net assets at the beginning of the year |  | 11,009,791.07 |
| Net assets at the end of the year |  | 44,449,312.98 |

Statistics
|  | Year ending as at: | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| --- | --- | --- | --- | --- |
| Total Net Assets | USD | 44,449,312.98 | 11,009,791.07 | 5,789,119.77 |
| C - EUR - HP - Capitalisation Number of shares |  | 33,784.636 | 0.000 | 0.000 |
| Net asset value per share | EUR | 151.46 | 0.00 | 0.00 |
| R - EUR - HP - Capitalisation Number of shares |  | 75,232.416 | 0.000 | 0.000 |
| Net asset value per share | EUR | 151.44 | 0.00 | 0.00 |
| R - USD - Capitalisation Number of shares |  | 135,404.000 | 61,850.000 | 35,744.000 |
| Net asset value per share | USD | 189.61 | 178.01 | 161.96 |

Changes in number of shares outstanding from 01/01/2021 to 31/12/2021
|  | Shares outstanding as at 01/01/2021 | Shares issued | Shares redeemed | Shares outstanding as at 31/12/2021 |
| --- | --- | --- | --- | --- |
| C - EUR - HP - Capitalisation | 0.000 | 35,449.945 | 1,665.309 | 33,784.636 |
| R - EUR - HP - Capitalisation | 0.000 | 86,011.550 | 10,779.134 | 75,232.416 |
| R - USD - Capitalisation | 61,850.000 | 85,939.594 | 12,385.594 | 135,404.000 |

Securities portfolio as at 31/12/2021
Expressed in USD
Quantity	Denomination	Quotation
currency
Transferable securities admitted to an official stock exchange listing and/or dealt in
Cost price
Market value
% of net assets
on another regulated market
4,099,211.95
4,736,008.00	10.65
| Shares |  | 4,099,211.95 | 4,736,008.00 | 10.65 |
| --- | --- | --- | --- | --- |
|  | Ireland | 868,502.40 | 1,004,647.00 | 2.26 |

| 2,900 LINDE PLC | USD | 868,502.40 | 1,004,647.00 | 2.26 |
| --- | --- | --- | --- | --- |
| United States of America |  | 3,230,709.55 | 3,731,361.00 | 8.39 |
| 390 ALPHABET INC -A- | USD | 903,782.17 | 1,129,845.60 | 2.53 |
| 160 AMAZON.COM INC | USD | 530,492.40 | 533,494.40 | 1.20 |
| 2,900 DANAHER CORP | USD | 751,939.97 | 954,129.00 | 2.15 |
| 3,100 MASTERCARD INC -A- | USD | 1,044,495.01 | 1,113,892.00 | 2.51 |
| Shares/Units of UCITS/UCIS |  | 35,534,583.68 | 37,194,711.34 | 83.68 |
| Shares/Units in investment funds |  | 35,534,583.68 | 37,194,711.34 | 83.68 |
| Germany |  | 675,614.18 | 648,722.56 | 1.46 |
| 57,000 ISHESB30-15(DE) | EUR | 675,614.18 | 648,722.56 | 1.46 |
| Ireland |  | 14,365,028.64 | 15,267,457.49 | 34.35 |
| 78,000 GUARDCAP GLOBAL EQTY FD I USD | USD | 1,953,578.90 | 2,200,458.00 | 4.95 |
| 197,000 HEM GLB EM MKT ACC CL.-F- USD | USD | 762,328.81 | 750,688.20 | 1.69 |
| 35,000 INVESCO BLOOMBERG COMMO | USD | 706,365.33 | 731,150.00 | 1.64 |
| 8,200 ISHARES CORE S&P 500 UCITS ETF | USD | 3,471,756.97 | 3,996,106.00 | 8.99 |
| 7,400 ISHARES II BARCLAYS K US TREASURY BD7-10 | USD | 1,568,892.49 | 1,554,814.00 | 3.50 |
| 280,000 ISHARES II PUBLIC LIMITED COMPANY ISHA | USD | 1,481,202.28 | 1,492,120.00 | 3.36 |
| 7,000 LEGG MASON WESTERN AS MACRO OPP BD FUND | USD | 1,090,446.30 | 1,121,890.00 | 2.52 |
| 68,000 LRD ABBTT SHRT DUR INC-IUA | USD | 807,780.00 | 807,840.00 | 1.82 |
| 83,000 NB SHT DU EM - ACC -I- USD | USD | 1,058,026.00 | 1,053,270.00 | 2.37 |
| 31,871 PIMCO GIS CAP SEC-INST-USD-FD | USD | 690,991.80 | 704,661.29 | 1.59 |
| 12,000 SPDR SP US DI ETF USD | USD | 773,659.76 | 854,460.00 | 1.92 |
| Jersey Island |  | 817,340.38 | 849,235.00 | 1.91 |
| 4,850 WISDOMTREE META(SPOT GOLD LMBA SPEC IDX) | USD | 817,340.38 | 849,235.00 | 1.91 |
| Luxembourg |  | 18,618,080.38 | 19,345,621.29 | 43.52 |
| 26,000 AIF AMUNDI INDEX MSCI EUROPE SRIDR A | EUR | 2,071,142.03 | 2,297,637.54 | 5.17 |
| 165,000 AMUNDI IS AM MSCI EM MKTS - UEUC | USD | 938,758.44 | 946,308.00 | 2.13 |
| 1,300,000 ARTEMIS US EXTENDED ALPHA B USD ACC | USD | 1,997,119.20 | 2,295,280.00 | 5.16 |
| 5,400 AWF GL SD BD -I- CAP | USD | 609,589.00 | 645,516.00 | 1.45 |
| 57,000 BLACKROCK ASIAN HIGH YIELD BON | USD | 659,180.00 | 581,400.00 | 1.31 |
| 144,000 INVESCO FUNDS SICAV - INVESCO GLOBAL INV | USD | 1,748,871.59 | 1,752,652.80 | 3.94 |
| 4,900 JPMORGAN FD EME MKT CORP BD -C- USD CAP | USD | 863,120.47 | 871,808.00 | 1.96 |
| 8,000 OYSTER - STABLE RETURN R USD | USD | 1,437,010.20 | 1,479,120.00 | 3.33 |
| 11,500 OYSTER - US CORE PLUS R USD CAP | USD | 2,118,961.10 | 2,131,640.00 | 4.80 |
| 270 OYSTER - US SMALL AND MID COMPANY GROWTH R USD | USD | 782,995.17 | 879,147.00 | 1.98 |
| 10,000 PICTET SICAV USD LIQUIDITY -I- CAP | USD | 1,457,939.68 | 1,463,026.00 | 3.29 |
| 1,550 UBAM SWISS EQUITY -I- CAP | CHF | 820,131.53 | 943,975.33 | 2.12 |
| 80,000 UBS ETF-MSCI JAPAN UCITS ETF-A ACC | JPY | 1,797,921.82 | 1,743,802.62 | 3.92 |
| 9,400 VONTOBEL FUND TWENTYFOUR STRATEGIC INCOM | USD | 1,315,340.15 | 1,314,308.00 | 2.96 |
| Switzerland |  | 1,058,520.10 | 1,083,675.00 | 2.44 |
| 7,500 TYNDARIS GLOBAL CONVERTIBLE SI USD H CAP | USD | 1,058,520.10 | 1,083,675.00 | 2.44 |
| Total securities portfolio |  | 39,633,795.63 | 41,930,719.34 | 94.33 |
| Cash at bank/(bank liabilities) |  |  | 2,065,283.44 | 4.65 |
| Other net assets/(liabilities) |  |  | 453,310.20 | 1.02 |
| Total net assets |  |  | 44,449,312.98 | 100.00 |

Translation (ENDE, 2021-12-31):
# OYSTER
## Konsolidiert
OYSTER
Konsolidiert

###### Nettovermögensaufstellung zum 31/12/2021
Zusammensetzung des Nettofondsvermögens zum 31/12/2021
Ausgedrückt in USD
| Aktiva |  | 2.050.741.605,53 |
| --- | --- | --- |
| Wertpapierbestand zum Marktwert | Erläut. 2 | 1.958.135.042,67 |
| Nicht realisierter Gewinn auf das Anlagevermögen |  | 81.393.966,12 |
| Gekaufte Optionen zum Marktwert | Erläut. 2 | 131.521,00 |
| Bareinlagen bei Banken und Barmittel |  | 73.437.184,67 |
| Festgelder |  | 4.100.000,00 |
| Zinsguthaben | Erläut. 2 | 5.067.813,26 |
| Forderungen aus Verkauf von Wertpapieren |  | 188.818,30 |
| Forderungen aus Zeichnungen |  | 2.706.660,28 |
| Guthaben aus Dividenden | Erläut. 2 | 545.924,57 |
| Nicht realisierter Nettogewinn aus Devisentermingeschäften | Erläut. 2 | 3.881.755,54 |
| Nicht realisierter Nettogewinn aus Termingeschäften | Erläut. 2 | 846.885,49 |
| Forderungen aus Spot Austausch |  | 12.931,12 |
| Sonstige Aktiva |  | 1.687.068,63 |
| Passiva |  | 9.477.276,52 |
| Verbindlichkeiten aus Kauf von Wertpapieren |  | 5.017.942,77 |
| Leistungsabhängige Gebühren | Erläut. 4 | 1.524,46 |
| Verbindlichkeiten aus Rücknahmen | Erläut. 2 | 1.750.857,62 |
| Anfallende Verwaltungsgebühr | Erläut. 3 | 1.677.572,56 |
| Verbindlichkeiten aus Spot Austausch |  | 12.947,65 |
| Sonstige Passiva |  | 1.016.431,46 |
| Nettovermögen |  | 2.041.264.329,01 |

Die beiliegenden Erläuterungen sind integraler Bestandteil dieses Berichtes
OYSTER
Konsolidiert
Ertrags- und Aufwandsrechnung sowie Entwicklung des Nettofondsvermögens vom 01/01/2021 bis 31/12/2021
Ausgedrückt in USD
| Erträge |  | 36.213.306,16 |
| --- | --- | --- |
| Nettodividenden | Erläut. 2 | 18.676.019,10 |
| Nettozinsen auf Renten |  | 17.395.174,76 |
| Bankzinsen bei Sicht |  | 35.441,15 |
| Zinsen aus Termineinlagen |  | 4.281,01 |
| Sonstige Erträge aus Finanzgeschäften | Erläut. 7 | 52.044,78 |
| Sonstige Erträge |  | 50.345,36 |
| Ausgaben |  | 29.879.061,57 |
| Verwaltungsgebühr | Erläut. 3 | 19.018.802,28 |
| Depotbankgebühren | Erläut. 6 | 262.413,91 |
| Taxe d'abonnement | Erläut. 5 | 583.375,17 |
| Verwaltungsaufwendungen | Erläut. 3 | 3.843.138,75 |
| Erfolgsabhängige Prämie | Erläut. 4 | 1.524,46 |
| Bankzinsen |  | 414.709,41 |
| Rechtskosten |  | 472.111,27 |
| Transaktionskosten | Erläut. 8 | 1.603.310,53 |
| Sonstige Ausgaben | Erläut. 10 | 3.679.675,79 |
| Erträge aus Anlagen |  | 6.334.244,59 |
| Realisierter Nettogewinn / -verlust aus: - Verkäufen von Wertpapieranlagen | Erläut. 2 | 109.941.905,35 |
| - Optionen | Erläut. 2 | (3.706.655,77) |
| - Devisentermingeschäften | Erläut. 2 | (18.156.636,93) |
| - Termingeschäften | Erläut. 2 | 8.994.051,18 |
| - Devisengeschäften | Erläut. 2 | (1.151.702,20) |
| Realisierter Nettogewinn |  | 102.255.206,22 |
| Veränderung des nicht realisierten Nettogewinns / -verlustes aus: - Wertpapieranlagen |  | 15.589.203,08 |
| - Optionen |  | (371.743,37) |
| - Devisentermingeschäften |  | 853.641,16 |
| - Termingeschäften |  | 47.867,31 |
| Nettovermögenszunahme durch Geschäftstätigkeit |  | 118.374.174,40 |
| Dividendenausschüttungen | Erläut. 9 | (222.465,43) |
| Zeichnung von thesaurierenden Aktien |  | 714.388.798,14 |
| Zeichnungen von Anteilen mit Ausschüttung |  | 15.219.191,90 |
| Rücknahme von thesaurierenden Aktien |  | (530.275.979,33) |
| Rücknahmen von Anteilen mit Ausschüttung |  | (18.860.525,19) |
| Erhöhung des Nettovermögens | 298.623.194,49 |
| Neubewertung der Eröffnungsbilanz | (106.911.213,48) |
| Nettovermögen zu Beginn des Jahres | 1.849.552.348,00 |
| Nettovermögen am Ende des Jahres | 2.041.264.329,01 |