# ACUMEN Income - Protection Portfolio
Schedule of significant portfolio movements for the financial year ended 31 July 2021
(continued)
| Total disposals in the year |  | £ 141,431,541 |
| --- | --- | --- |
| Material disposals | Nominal holdings | Proceeds £ |
| Embracer | 330,467 | 6,693,129 |
| Fielmann | 101,000 | 5,742,099 |
| Schibsted | 191,000 | 5,062,118 |
| MIPS | 143,000 | 4,834,602 |
| D'Ieteren | 60,000 | 4,722,618 |
| Montea C.V.A | 55,260 | 4,355,649 |
| LeoVegas | 877,917 | 3,530,323 |
| BKW | 43,079 | 3,458,304 |
| Nordnet | 235,147 | 3,328,518 |
| GrandVision | 138,440 | 3,228,376 |
| Banque Cantonale Vaudoise | 39,000 | 3,188,207 |
| Matas | 262,126 | 3,152,345 |
| SSAB | 825,242 | 3,093,802 |
| VIB Vermoegen | 102,089 | 3,075,158 |
| Boozt | 191,316 | 3,020,062 |
| Alm Brand | 299,469 | 2,788,227 |
| Jyske Bank | 85,886 | 2,773,569 |
| Scandinavian Tobacco | 191,048 | 2,749,132 |
| Ringkjoebing Landbobank | 38,000 | 2,668,894 |
| BHG | 197,412 | 2,666,660 |
| CropEnergies | 275,421 | 2,597,331 |
| Aker Carbon Capture | 1,500,000 | 2,545,465 |
| Conzzeta | 3,052 | 2,508,053 |
| Axfood Aktiebolag | 119,894 | 2,397,764 |
| Bell Food | 10,176 | 2,153,553 |
| Emmi | 2,759 | 2,140,943 |
| JOST Werke | 43,724 | 2,073,379 |
| Orange Belgium | 160,000 | 2,059,385 |
| DWS | 66,050 | 2,017,276 |
| Fastned | 32,376 | 1,942,921 |
| Bilia | 197,611 | 1,819,606 |
| Fluidra | 127,327 | 1,659,082 |
| Hamborner REIT | 207,000 | 1,620,662 |
| Grupo Catalana Occidente | 82,040 | 1,613,290 |
| SpareBank 1 SMN | 182,625 | 1,578,229 |
| Instone Real Estate Group | 86,000 | 1,570,780 |
| Xior Student Housing | 35,000 | 1,560,697 |
| Instalco | 74,817 | 1,504,188 |
| Berner Kantonalbank | 9,026 | 1,503,751 |
| Orior | 23,135 | 1,474,901 |
| iShares MSCI World UCITS ETF | 32,000 | 1,452,800 |

The statement of material disposals reflect the aggregate disposals of a security greater than one per cent of the total disposals for the financial year. If there were fewer than twenty positions exceeding one per cent, the top twenty positions

Translation (ENDE, 2021-07-31):
# ACUMEN Income - Protection Portfolio
Aufstellung wesentlicher Portfolioänderungen für das Geschäftsjahr zum 31. Juli 2021
| Gesamtkäufe in diesem Jahr |  | 131.485.885 GBP |
| --- | --- | --- |
|  | Nominelle | Kosten |
| Wesentliche Käufe | Anlagen | GBP |
| Jyske Bank | 198.851 | 6.579.998 |
| Embracer | 330.467 | 6.494.752 |
| Montea | 55.260 | 4.387.230 |
| iShares MSCI World SRI UCITS ETF | 575.000 | 4.037.895 |
| Vanguard FTSE All-World High Dividend Yield UCITS ETF | 90.000 | 3.814.099 |
| iShares MSCI USA Quality Dividend UCITS ETF | 130.000 | 3.802.984 |
| SpareBank 1 SMN | 414.022 | 3.607.297 |
| BKW | 43.079 | 3.482.471 |
| iShares UK Dividend UCITS ETF | 485.000 | 3.448.985 |
| Sydbank | 145.763 | 3.171.064 |
| iShares Euro Dividend UCITS ETF | 180.000 | 3.041.240 |
| SSAB | 825.242 | 3.002.995 |
| Scandinavian Tobacco | 194.802 | 2.996.997 |
| D'Ieteren | 34.340 | 2.996.720 |
| Boozt | 191.316 | 2.995.556 |
| Axfood Aktiebolag | 167.902 | 2.989.178 |
| iShares USD Corporate Bond UCITS ETF | 30.000 | 2.876.035 |
| iShares Asia Pacific Dividend UCITS ETF | 153.000 | 2.699.600 |
| iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 38.000 | 2.575.728 |
| VIB Vermoegen | 102.089 | 2.561.470 |
| CropEnergies | 275.421 | 2.559.960 |
| Matas | 262.126 | 2.559.196 |
| LeoVegas | 652.903 | 2.556.157 |
| Nordnet | 235.147 | 2.382.547 |
| Pexip | 295.182 | 2.322.671 |
| iShares USD Aggregate Bond UCITS ETF | 28.000 | 2.269.436 |
| Fielmann | 39.000 | 2.152.236 |
| Fastned | 32.376 | 1.998.766 |
| Aker Carbon Capture | 1.814.147 | 1.995.611 |
| Atea | 140.612 | 1.951.962 |
| Spar Nord Bank | 233.960 | 1.943.396 |
| SpareBank 1 SR-Bank | 209.641 | 1.920.296 |
| iShares Global Government Bond UCITS ETF | 460.000 | 1.870.338 |
| iShares USD Floating Rate UCITS ETF | 505.000 | 1.868.734 |
| SpareBank 1 Nord Norge | 245.115 | 1.816.393 |
| Ringkjoebing Landbobank | 26.000 | 1.771.594 |
| iShares Emerging Markets Dividend UCITS ETF | 110.000 | 1.645.492 |
| Instone Real Estate Group | 86.000 | 1.538.503 |
| Orior | 23.135 | 1.477.841 |
| iShares MSCI World UCITS ETF | 32.000 | 1.425.920 |

Die Aufstellung der wesentlichen Käufe spiegelt die Gesamtheit der Käufe eines Wertpapiers wider, die mehr als ein Prozent des Gesamtwerts der Käufe des Geschäftsjahres ausmachen. Wenn es weniger als zwanzig Positionen gab, die mehr als ein Prozent ausmachten, wurden die zwanzig wichtigsten Positionen angegeben.
ACUMEN Income - Protection Portfolio
Aufstellung wesentlicher Portfolioänderungen für das Geschäftsjahr zum 31. Juli 2021
(Fortsetzung)
| Summe Veräußerungen im Geschäftsjahr |  | 141.431.541 GBP |
| --- | --- | --- |
|  | Nominelle | Erlöse |
| Wesentliche Verkäufe | Anlagen | GBP |
| Embracer | 330.467 | 6.693.129 |
| Fielmann | 101.000 | 5.742.099 |
| Schibsted | 191.000 | 5.062.118 |
| MIPS | 143.000 | 4.834.602 |
| D'Ieteren | 60.000 | 4.722.618 |
| Montea C.V.A | 55.260 | 4.355.649 |
| LeoVegas | 877.917 | 3.530.323 |
| BKW | 43.079 | 3.458.304 |
| Nordnet | 235.147 | 3.328.518 |
| GrandVision | 138.440 | 3.228.376 |
| Banque Cantonale Vaudoise | 39.000 | 3.188.207 |
| Matas | 262.126 | 3.152.345 |
| SSAB | 825.242 | 3.093.802 |
| VIB Vermoegen | 102.089 | 3.075.158 |
| Boozt | 191.316 | 3.020.062 |
| Alm Brand | 299.469 | 2.788.227 |
| Jyske Bank | 85.886 | 2.773.569 |
| Scandinavian Tobacco | 191.048 | 2.749.132 |
| Ringkjoebing Landbobank | 38.000 | 2.668.894 |
| BHG | 197.412 | 2.666.660 |
| CropEnergies | 275.421 | 2.597.331 |
| Aker Carbon Capture | 1.500.000 | 2.545.465 |
| Conzzeta | 3.052 | 2.508.053 |
| Axfood Aktiebolag | 119.894 | 2.397.764 |
| Bell Food | 10.176 | 2.153.553 |
| Emmi | 2.759 | 2.140.943 |
| JOST Werke | 43.724 | 2.073.379 |
| Orange Belgium | 160.000 | 2.059.385 |
| DWS | 66.050 | 2.017.276 |
| Fastned | 32.376 | 1.942.921 |
| Bilia | 197.611 | 1.819.606 |
| Fluidra | 127.327 | 1.659.082 |
| Hamborner REIT | 207.000 | 1.620.662 |
| Grupo Catalana Occidente | 82.040 | 1.613.290 |
| SpareBank 1 SMN | 182.625 | 1.578.229 |
| Instone Real Estate Group | 86.000 | 1.570.780 |
| Xior Student Housing | 35.000 | 1.560.697 |
| Instalco | 74.817 | 1.504.188 |
| Berner Kantonalbank | 9.026 | 1.503.751 |
| Orior | 23.135 | 1.474.901 |
| iShares MSCI World UCITS ETF | 32.000 | 1.452.800 |

Die Aufstellung der wesentlichen Veräußerungen spiegelt die Gesamtheit der Veräußerungen eines Wertpapiers wider, die mehr als ein Prozent der gesamten Veräußerungen des Geschäftsjahres ausmachen. Wenn es weniger als zwanzig Positionen gab, die mehr als ein Prozent ausmachten, wurden die zwanzig wichtigsten Positionen angegeben.