# Unaudited Information
|  | Focused SICAV – High Grade Long Term Bond CHF (in %) | Focused SICAV – High Grade Long Term Bond EUR (in %) | Focused SICAV – High Grade Long Term Bond GBP (in %) | Focused SICAV – High Grade Long Term Bond USD (in %) | Focused SICAV – US Corporate Bond Sustainable USD (in %) |
| --- | --- | --- | --- | --- | --- |
| by Country: |  |  |  |  |  |
| – Australia | 1.02 | 1.02 | 1.02 | 1.02 | 1.02 |
| – Belgium | 2.66 | 2.66 | 2.66 | 2.66 | 2.66 |
| – British Virgin Islands | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| – Cayman Islands | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| – Chile | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| – China | 1.28 | 1.28 | 1.28 | 1.28 | 1.28 |
| – Curacao | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| – Denmark | 0.67 | 0.67 | 0.67 | 0.67 | 0.67 |
| – Germany | 8.05 | 8.05 | 8.05 | 8.05 | 8.05 |
| – Ivory Coast | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| – Finland | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 |
| – France | 13.44 | 13.44 | 13.44 | 13.44 | 13.44 |
| – United Kingdom | 13.13 | 13.13 | 13.13 | 13.13 | 13.13 |
| – Hong Kong | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| – Japan | 11.22 | 11.22 | 11.22 | 11.22 | 11.22 |
| – Canada | 3.09 | 3.09 | 3.09 | 3.09 | 3.09 |
| – Luxembourg | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 |
| – New Zealand | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 |
| – The Netherlands | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 |
| – Norway | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| – Austria | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 |
| – Sweden | 1.52 | 1.52 | 1.52 | 1.52 | 1.52 |
| – Switzerland | 7.56 | 7.56 | 7.56 | 7.56 | 7.56 |
| – Singapore | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 |
| – South Korea | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| – Supranationals | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 |
| – Venezuela | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| – United Arab Emirates | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| – United States | 23.34 | 23.34 | 23.34 | 23.34 | 23.34 |
| Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| by Credit Rating (Bonds): |  |  |  |  |  |
| – Rating > AA- | 66.46 | 66.46 | 66.46 | 66.46 | 66.46 |
| – Rating <=AA- | 32.37 | 32.37 | 32.37 | 32.37 | 32.37 |
| – without Rating | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 |
| Total | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Securities Lending |  |  |  |  |  |
| Assets and Revenues / Ratios |  |  |  |  |  |
| Average Invested |  |  |  |  |  |
| Assets (1) | 209 496 063.76 CHF | 457 128 650.91 EUR | 248 316 095.82 GBP | 4 431 217 022.41 USD | 506 618 158.39 USD |
| Average Securities |  |  |  |  |  |
| Lent (2) | 20 962 558.40 CHF | 124 087 116.12 EUR | 115 719 918.96 GBP | 2 075 277 366.84 USD | 12 938 210.00 USD |
| Average Collateral Ratio | 106.01% | 106.01% | 106.01% | 106.01% | 106.01% |
| Average Securities Lending |  |  |  |  |  |
| Ratio (2)/(1) | 10.01% | 27.14% | 46.60% | 46.83% | 2.55% |
| Securities Lending revenues | 38 619.53 CHF | 114 979.73 EUR | 107 146.68 GBP | 3 515 697.12 USD | 19 190.08 USD |
| Securities Lending costs | 15 447.81 CHF | 45 991.89 EUR | 42 858.67 GBP | 1 406 278.85 USD | 7 676.03 USD |
| Net Securities Lending |  |  |  |  |  |
| revenues | 23 171.72 CHF | 68 987.84 EUR | 64 288.01 GBP | 2 109 418.27 USD | 11 514.05 USD |

Focused SICAV
Annual Report as of 31 October 2019

Translation (ENDE, 2019-10-31):
# Ungeprüfle Informationen
- 
## Gesamtengagement

Risikomanagement
Das Risikomanagement gemäss dem Commitment-Ansatz und dem Value-at-Risk-Ansatz erfolgt gemäss den anwendbaren Gesetzen und regulatorischen Vorschriften.
Hebelwirkung
Die Hebelwirkung wird gemäss den geltenden ESMA-Richtlinien als Gesamtbetrag der Nominalwerte der Derivative definiert, die vom jeweiligen Subfonds verwendet werden. Gemäss dieser Definition kann die Hebelwirkung zu einer künstlich erhöhten Fremdkapitalquote führen, da bestimmte Derivate, die zu Absicherungszwecken eingesetzt werden können, unter Umständen in die Berechnung einfliessen. Daher spiegeln diese Informationen nicht notwen- digerweise das genaue tatsächliche Risiko der Hebelwirkung wider, dem der Anleger ausgesetzt ist.
Subfonds		Berechnungs- Verwendetes		Min		Max		Avg Durchschmitt-			Bezugs- methode für das	Modell		VaR (%)	VaR (%)	VaR (%)	licher Hebel		portfolio globale Risiko		Auslastung Auslastung Auslastung		(%)	(Benchmark)
- Corporate Bond EUR	Commitment-AnsatzDas Referenzportfolio reflektiert die Eigenschaften eines breit gefächerten Portfolios bestehend aus weltweiten Schuldverschrei-
- Global Bond	Relativer VaR-Ansatz Historical VaR	18.6%	71.5%	55.9%	74.6%	bungen.
- High Grade Bond CHF	Commitment-Ansatz
- High Grade Bond EUR	Commitment-Ansatz
- High Grade Bond GBP	Commitment-Ansatz
- High Grade Bond USD	Commitment-Ansatz
- High Grade Long Term Bond CHF	Commitment-Ansatz
- High Grade Long Term Bond EUR	Commitment-Ansatz
- High Grade Long Term Bond GBP	Commitment-Ansatz
- High Grade Long Term Bond USD	Commitment-Ansatz
- US Corporate Bond Sustainable USD  Commitment-Ansatz
- US Treasury Bond USD	Commitment-Ansatz
- World Bank Bond USD	Commitment-Ansatz
- World Bank Long Term Bond USD	Commitment-AnsatzFocused SICAV Jahresbericht per 31. Oktober 2019