Leonardo UI. as o f 30 June Frankfurt am Main branch

Transcription

1 Capital management company: Leonardo UI Semi-annual report as o f 30 June 2016 Custodian: Asset Manager and Distributor: Frankfurt am Main branch

2 Brief overview of the partners of Leonardo UI 1. Capital management company Name: Universal-Investment-Gesellschaft mbh Street address: Theodor-Heuss-Allee Frankfurt am Main Postal address: P.O. Box Frankfurt am Main Telephone: 069 / Fax: 069 / Founded: 1968 Legal form: Limited liability company Subscribed and paid-up capital: EUR 10,400,000 Equity capital: EUR 48,302,000 (as at September 2015) Board of Management: Oliver Harth, Wehrheim-Obernhain Markus Neubauer, Frankfurt am Main Stefan Rockel, Lauterbach (Hesse) Alexander Tannenbaum, Mühlheim am Main Bernd Vorbeck, Elsenfeld Supervisory Board: Prof. Dr Harald Wiedmann (Chairman), Berlin Dr Hans-Walter Peters (Deputy Chairman), Hamburg 2. Custodian Name: BNP Paribas Securities Services S.C.A. Frankfurt am Main branch Street address: Europa-Allee Frankfurt am Main Telephone: 069 / Fax: 069 / Legal form: Société anonyme (a public limited company under French law) Liable equity capital: EUR 713,000,000 (as at 31/12/2014) 3. Asset Manager and Distributor Name: I.C.M. InvestmentBank AG Postal address: Meinekestraße Berlin, Germany Telephone: 030 / Fax: 030 / Investment Committee Dr. Norbert Hagen, Spokesperson of the Management Board, I.C.M. InvestmentBank AG, Nuremberg Viktor Papst, Portfolio Manager, I.C.M. InvestmentBank AG, Nuremberg Daniel F. Just, Pöcking Michael O. Bentlage, Augsburg Ole Klose, Korschenbroich Prof. Dr Stephan Schüller, Hamburg WKN: A0MYG1/ISIN: DE000A0MYG12 As at: 30 June

3 Overview of the unit classes Initial issue date 15 October February 2013 Initial issue price EUR 100 (plus issuing surcharge) EUR 100 (plus issuing surcharge) Issuing surcharge currently 0.000% currently 3.000% Minimum investment amount none none Management fee currently 0.225% p.a. 1) currently 0.250% p.a. 1) Custodian fee Asset Management - Fee Advisor performance fee Currency currently 0.025% p.a. currently % p.a. currently 1.40% p.a. currently 1.40% p.a. currently none up to 10% of the yield generated by the Fund in the accounting period above the reference value (Euribor 1M TR [EUR]) plus a threshold value of 5% p.a., but only given a new record high of the unit value 2) Euro Euro Benchmark index MSCI World GDR (USD) 3) MSCI World GDR (USD) 3) Utilisation of earnings German securities number/isin Reinvestment Dividends A0MYG1/DE000A0MYG12 A1J9EP/DE000A1J9EP5 1 ) The calculation of the management fee is based on a volume-dependent scale. Different fee rates therefore apply depending on the Fund volume. 2 ) Cf. Management and other costs, of the Sales Prospectus. 3 ) MSCI World is a registered trademark of MSCI Inc. 2

4 Balance sheet as at 30/6/2016 Daily value % of fund assets Investment focuses I. Assets 50,517, Equities 4,247, New Zealand 4,247, Bonds 35,303, < 1 year 6,975, >= 1 year to < 3 years 14,812, >= 3 years to < 5 years 7,676, >= 5 years to < 10 years 4,941, >= 10 years 897, Certificates 2,525, EUR 2,525, Investment units 4,323, EUR 4,323, Derivatives 378, Bank balances 3,188, Other assets 550, II. Liabilities./.218, /.0.43 III. Fund assets 50,299,

5 Financial statement ISIN Holdings Purchases/ Sales/ Price Market value % share as at Additions Disposals in fund Category during the assets Units or currency in 1,000 reporting period EUR EUR Portfolio holdings 46,399, Exchange-traded securities 23,581, Equities 4,247, Auckland Intl Airport Ltd. Unit Unit Unit NZD Registered Shares o.n. NZAIAE0002S6 209, , , Fisher & Paykel Healt.Corp.Ltd Registered Shares o.n. NZFAPE0001S2 132, , , Fletcher Building Ltd. Reg. Shares o.n. NZFBUE0001S0 152, , , Ryman Healthcare Ltd. Reg. Shares o.n. NZRYME0001S4 142, , , Spark New Zealand Ltd. Reg. Shares o.n. NZTELE0001S4 364, , , Interest-bearing securities 19,334, % Banco do Brasil S.A. (Cayman) EUR EUR EUR % EO-Md.-T.Nts 13(13/18) Reg.S XS , % BES Finance Ltd. EO- FLR Med.-Term Nts 05(35) XS , , % Daimler AG Medium Term Notes v.12(17) DE000A1MA9V5 1, ,017, % Groupama S.A. EO-FLR Notes 07(17/Und.) FR , ,436, % Heta Asset Resolution AG EO-Med.-Term Notes 06(23) XS , % JSC Kazkommertsbank EO-Medium-Term Notes 07(17) XS , % Petrobras Global Finance B.V. EO-Notes 11(12/18) XS , % Zagrebacki Holding d.o.o. EO-Notes 07(17) XS , , % Access Finance B.V. USD USD USD % DL-Notes 12(17) Reg.S XS , % Anglo American Capital PLC DL-Notes 12(12/17) Reg.S USG03762CG , % Bank of East Asia Ltd.. The DL-Medium-Term Notes 14(17) XS , , % BdL fiduciary for HSH Nordbank DL-SEC.05 (11/UND.) SPHERE XS , , % China Shanshui Cement Gr.Ltd. DL-Notes 15(18/20) Reg.S XS , % China ZhengTong Auto Svcs Hld. DL-Notes 13(18) XS , , % CJSC Dvlpmnt Bk of Kazakhstan DL-Med.-Term Nts 12(22)Reg.S XS , % Deutsche Bank AG DL-Senior Notes v.16(19) US25152R5D13 1,250 1, ,125, % Embraer Netherlands Fin. B.V. DL-Notes 15(15/25) US29082HAA , % ESKOM Holdings SOC Limited DL-Bonds 11(11/21) Reg.S XS , % Glencore Finance (Canada) Ltd. DL-Notes 12(12/17) REGS USC98874AN , % Halyk Savings Bk of Kazakhstan DL-Notes 07(17) Reg.S XS , % Hrvatska Elektroprivreda d.d. DL-Notes 15(22) Reg.S XS , % Samsung Electronics Amer. Inc. DL-Notes 12(12/17) Reg.S USU7963ZAE98 1, ,

6 Financial statement ISIN Holdings Purchases/ Sales/ Price Market value % share as at Additions Disposals in fund Category during the assets Currency in 1,000 reporting period % EUR % SCF Capital Ltd. USA USA USA USD notes 10 (10/17) Reg.S XS , , % Turkiye Vakiflar Bankasi T.A.O USD Notes 12(17) Reg.S XS , % Venezuela, Boliv. Republic USD bonds 1998 (18) US922646AT , % Yapi Ve Kredi Bankasi A.S. DL-Notes 12(17) Reg.S XS , Securities admitted to or included in organised markets 18,495, Interest-bearing securities 15,969, % Abengoa Finance S.A.U. EUR EUR EUR EO-Notes 13(13/18) Reg.S XS , , % BRF S.A. EO-Notes 15(15/22) Reg.S XS , % Chemours Co.. The EO-Notes 15(15/23) Reg.S XS , % GPB Eurobond Finance PLC EO-Med.-T.LPN 13(18) Gazp.bk XS , % Grupo Isolux Corsan Fin. B.V. EO-Notes 14(17/21) Reg.S XS , , % Hellenic Petroleum Finance PLC EO-Notes 13(17) XS , ,010, % OTE PLC EO-Med.-T. Nts 14(20) XS , % Takko Luxembourg 2 S.C.A. EO-Notes 13(16/19) Reg.S XS ,000 1, , % Votorantim Cimentos S.A. EO-Notes 14(14/21) Reg.S XS , % VRX Escrow Corp. EO-Notes 15(18/23) Reg.S XS , % Batelco Intl Finance No.1 Ltd. DL-Bonds 13(20) XS , % Biostime International Hldgs DL-Notes 16(18/21) Reg.S USG11259AB , % Bombardier Inc. DL-Notes 10(10/18) Reg.S USC10602AN , % Cencosud S.A. DL-Notes 11(11/21) Reg.S USP2205JAE03 1, , % DME Airport Ltd. DL-LPNs 13(18) HaciendaReg.S XS , % KazAgro Nat. Management Hldg DL-Med.-Term Nts 13(23)Reg.S XS , % Koc Holding A.S. DL-Notes 13(20) Reg.S XS , % Mersin Ulusl. Liman Isletm.AS DL-Notes 13(13/20) Reg.S XS , % MHP S.A. DL-Nts. 13(20) Reg.S USL6366MAC , % Mriya Agro Holding PLC DL-Notes 13(18) Reg.S XS ,870 2, , % Nitrogenmuvek Zrt. DL-Notes 13(17/20) Reg.S XS , % Samruk-Energy JSC DL-Medium-Term Notes 12(17) XS , % Sinochem Offshore Cap.Co.Ltd. DL-Med.-T.Nts 14(14/19)Reg.S USG816AMAC61 1, , % Tullow Oil PLC DL-Notes 13(13/20) Reg.S USG91235AA , % Uralkali Finance Ltd. DL-LPN 13(18) Uralk.OJSC XS , ,076, % USIMINAS Commercial Ltd. DL-Notes 08(08/18) Reg.S USG93085AA ,

7 Financial statement ISIN Market Holdings Purchases/ Sales/ Price Market value % share as at Additions Disposals in fund Category during the assets Units or currency in 1,000 reporting period EUR Certificates 2,525, Landesbank Berlin AG Unit Unit Unit EUR Vietnam Opp.Z (verl.) DE000LBB1XG8 13, ,408, Landesbank Berlin AG Z Vietnam R.Est.Index DE000LBB1Y81 27, ,117, Investment units 4,323, CMC own investment units 960, AvH Emerging Markets Fund UI Unit Unit Unit EUR no par bearer unit class A DE000A1145F8 9, , Investment units from outside the Group 3,362, ishares Core DAX UCITS ETF DE Unit Unit Unit EUR Owner-Shares DE , , ,296, ishsv-msci JP EUR Hg.UCITS ETF B.Shs Month.EUR-H. (Dt.Zert.) on DE000A1H53P0 25, , , ishsv-s & P 500 UCITS ETF B.Shs Month.EUR-H. (Dt.Zert.) on DE000A1H53N5 24, , ,149, Total securities 46,399, Derivatives (holdings shown with a minus sign are sold positions) 378, Share index derivatives 666, Claims/liabilities Equity Index Futures Contracts 666, FUTURE SMI CHF EUREX , FUTURE AEX EUR Index EOE , FUTURE CAC 40 Index MONEP AE , FUTURE DAX (PERFORMANCE INDEX) EUREX , FUTURE FTSE/MIB INDEX IDEM , FUTURE IBEX 35 INDEX MEFF , FUTURE NIKKEI 225 JPY Index JPY OSE /.37, /.0.08 FUTURE OMX SEK INDEX OMXSO , FUTURE MSCI USD EM THE NR USD ICE , FUTURE S+P 500 INDEX CME 352 Number of 5 27, Interest rate derivatives 97, Claims/liabilities Interest rate futures contracts 97, FUTURE 10 Y CANADA BONDS CAD (SYNTH.) MSE ,000 12, FUTURE LONG-TERM EUR EURO BTP EUREX 185 1,800,000 24, FUTURE 10Y TREASURY NOTE USD (SYNTH.) CBOT 362 2,000,000 60,

8 Statement of assets Market Holdings Purchases/ Sales/ Price Market value % share as at Additions Disposals in fund Category during the assets reporting period EUR Options./.208, /.0.41 Options on bond index futures contracts./.208, /.0.41 FUTURE EU-BUND CALL EUR BP EUREX 185./ /.208, /.0.41 Foreign exchange derivatives./.177, /.0.35 Claims/liabilities Foreign exchange futures contracts (sold)./.177, /.0.35 Open positions USD/EUR 25.0 million OTC./.177, /.0.35 Bank balances, non-securitised money market instruments and money market funds 3,798, Bank deposits Balances with BNP Paribas Securities Services (GD) Frankfurt branch (V) Balances in the Fund currency 3,021, Balances in other EU/EEA currencies GBP 41, , SEK 193, , Balances in non-eu/eea currencies CAD 105, , CHF 114, , HKD JPY 5,744, , NZD 19, , USD 290, , Balances with BNP Paribas Securities Services S.A. (GD) Paris (V) Balances in the Fund currency 9, Balances in non-eu/eea currencies CAD 11, , USD 145, , Balances with BNP Paribas Securities Services S.C.A. - Frankfurt branch Balances in the Fund currency 16, Balances in non-eu/eea currencies JPY 4,312, , Other assets 550, Interest claims 537, Dividend claims 8, Withholding tax claims 4, Loan liabilities./.609, /.1.21 Loans in other EU/EEA currencies SEK./.1,011, /.107, /.0.21 Loans in non-eu/eea currencies CAD./.17, /.12, /.0.02 CHF./.191, /.176, /.0.35 USD./.347, /.313, /.0.62 Other liabilities./.218, /.0.43 Interest payable./ Management fee./.28, /.0.06 Custodian fee./.8, /.0.02 Asset management fee./.176, /.0.35 Publication expenses./ Audit fees./.4, /.0.01 Fund assets 50,299, ) Leonardo UI unit class T Leonardo UI unit class A Number of units in circulation Units 402,145 Number of units in circulation Units 12,110 Unit value /redemption price EUR Unit value/redemption price EUR Issuing price EUR Issuing price EUR ) Small rounding differences may exist due to rounding of percentage figures during calculation. 7

9 Securities prices or market rates The assets of the Investment Fund have been valued on the basis of last fixed prices/market rates. Foreign exchange rates (in equivalent quantities) Canadian dollar CAD 1 EUR = Swiss franc CHF 1 EUR = British pound GBP 1 EUR = Hong Kong dollar HKD 1 EUR = Japanese yen JPY 1 EUR = New Zealand dollar NZD 1 EUR = Swedish krona SEK 1 EUR = US dollar USD 1 EUR = Market code Futures markets 185 = Frankfurt/Zurich Eurex 203 = A dam NYSE Liffe 352 = Chicago CME Globex 362 = Chicago Board of Trade 592 = Madrid MEFF Exchange 609 = Milan IDEM 661 = Montreal Exch.-Fut./Opt. 865 = Stockholm Derivatives 961 = London ICE Fut. Europe 969 = Osaka Exchange F.+O. AE1 = Paris Euronext Deri. OTC = over-the-counter Transactions concluded during the reporting period that no longer appear in the financial statement: Purchases and sales of securities, investment units and borrower s note loans ( Schuldscheindarlehen ) (market allocation as at the reporting date): Description ISIN Purchases/ Sales/ Units or currency in 1,000 Additions Disposals Exchange-traded securities Interest-bearing securities EUR EUR % ArcelorMittal S.A. EO-FLR Med.-T. Notes 15(18) XS % Goldman Sachs Group Inc., The EO-FLR Med.-Term Nts 14(19) XS % Lloyds Bank PLC EO-Medium-Term Notes 09(16) XS % Morgan Stanley EO-Medium-Term Notes 12(17) XS % Volkswagen Intl Finance N.V. EO-Medium-Term Notes 15(30) XS % Hrvatska Elektroprivreda d.d. USD USD DL-Notes 12(17) Reg.S XS , % Katar, Staat DL-Notes 09(09/20) Reg.S XS , % Turkiye Is Bankasi A.S. DL-Notes 11(16) Reg.S USM8933FAB % Vedanta Resources PLC DL-Notes 11(16) Reg.S USG9328DAF71 0 1,250 Securities admitted to or included in organised markets Interest-bearing securities EUR EUR % Credit Agricole S.A. (Ldn Br.) EO-Medium-Term Notes 11(16) XS % Edcon Ltd. EO-Notes 13(13/18) Reg.S XS , % Magnolia (BC) S.A. EO-Notes 13(13/20) Reg.S XS % Mexiko USD USD DL-Med.-Term Notes 08(19) US91086QAW % Türkiye Sise ve Cam Fabri.A.S. DL-Bonds 13(20) Reg.S XS Investment units Investment units from outside the Group Unit Unit ComSt.-MSCI Jap.100% Dai.Hd EO Inhaber-Anteile I o.n. LU ,000 8

10 Derivatives (option premiums received in opening transactions or volume of option transactions. Purchases and sales in the case of warrants) Volume in 1,000 Futures contracts Futures contracts on a share index purchased contracts: (Underlying instrument[s]: AEX, CAC 40, DAX PERFORMANCE-INDEX, FTSE 100, FTSE MIB, IBEX 35, MSCI AC AS.E.J.NR USD, MSCI EM LATIN AMERICA, NIKKEI 225 ST.AVERAGE JPY, OMX STOCKHOLM 30, S+P 500, S+P/ASX 200, S+P/TSX 60 PR CAD, SMI PR CHF) EUR 107, Interest rate futures contracts purchased contracts: (Underlying instrument[s]: 10Y.CANADA GOV.BD.SYN.AN., 10Y.US TRE.NT.SYN.AN., Y.ITA.GOV.BD.SYN.AN) EUR 6, Foreign exchange futures contracts (sold) Forward currency sales: USD/EUR EUR 22,464 Foreign exchange futures contracts (purchased) Forward purchases of currencies: USD/EUR EUR 1,833 Options Options on interest rate derivatives Options on interest rate futures contracts sold call options (call): (Underlying instrument[s]: FUTURE EURO-BUND EUREX, FUTURE EURO-BUND EUREX) EUR Overview of unit class characteristics Unit class Issuing surcharge Management fee Utilisation of earnings up to 5.000%, up to 1.000% p.a., currently currently Leonardo UI UNIT CLASS T 0.000% 0.225% Reinvestment Leonardo UI UNIT CLASS A 3.000% 0.250% Distribution 9

11 Annex pursuant to Section 7(9) of the German Regulation on the Content, Scope and Presentation of Accounting for Funds, Investment Stock Corporations and Investment Limited Partnerships and on the Valuation of Assets held by Investment Funds (KARBV) Securities holdings as a percentage of fund assets Derivatives holdings as a percentage of fund assets 0.75 Other disclosures Leonardo UI unit class T Unit value Issuing price Redemption price No. of units Units 402,145 Leonardo UI unit class A Unit value Issuing price Redemption price No. of units Units 12,110 Specification of procedures for the valuation of assets Valuation For currencies, shares, bonds and derivatives that can be traded on a stock exchange or another organised market or can be included within this category, the last available trading price will be taken as a basis in accordance with Section 27 of the KARBV. In accordance with Section 29 of the KARBV, the current values were used as the basis for investment fund units, and the par value or redemption amount was used as the basis for bank deposits and liabilities. Assets that are not admitted to trading on a stock exchange or another organised market, or included in the regulated market or OTC trading on a stock exchange, or for which there is no tradable price available, are valued pursuant to Section 28 of the German Regulation on the Content, Scope and Presentation of Accounting for Funds, Investment Stock Corporations and Investment Limited Partnerships and on the Valuation of Assets held by Investment Funds (KARBV) in conjunction with Section 168(3) of the German Capital Investment Code (KAGB), at a market value that is reasonable upon careful estimation in accordance with suitable valuation models taking the current market conditions into account. Market value is considered to be the amount for which the asset concerned could be exchanged in a transaction between knowledgeable, willing and independent counterparties. Frankfurt am Main, 01 July 2016 Universal-Investment-Gesellschaft mbh The Management 10

12 Capital management company: Theodor-Heuss-Allee Frankfurt am Main P.O. Box Frankfurt am Main Telephone: 069 / Fax: 069 / Custodian: Frankfurt am Main branch Europa-Allee Frankfurt am Main Telephone: 069 / Fax: 069 / Asset Manager and Distributor: Meinekestraße Berlin Telephone: 030 / Fax: 030 /