ACATIS AKTIEN GLOBAL FONDS

Transcription

1 Halbjahresbericht Semi-annual report zum as at 30. Juni June 2018 CAPITAL KAPITALANLAGEGESELLSCHAFT MANAGEMENT COMPANY DEPOTBANK CUSTODIAN ADVISOR BERATUNG AND UND DISTRIBUTOR VERTRIEB

2 CONTENTS Page SEMI-ANNUAL REPORT as at 30 June 2018 Statement of assets and liabilities 2 Statement of net assets 3 Transactions concluded during the reporting period 5 Overview of the Fund 7 Brief overview of the partners of ACATIS AKTIEN GLOBAL FONDS 8 Capital management company 8 Custodian 8 Advisor and Distributor 8 Investment Committee 8 1

3 Balance sheet as at 30/06/2018 Daily value % of fund assets Investment focuses I. Assets 283,578, Equities 258,408, Belgium 4,030, Bermuda 5,264, Federal Republic of Germany 37,624, Chile 3,733, China 2,621, Denmark 8,047, France 2,303, Great Britain 5,221, Italy 320, Japan 12,812, Cayman Islands 4,691, Canada 18,540, Luxembourg 4,144, Norway 9,140, Sweden 3,184, South Korea 3,813, Taiwan 3,225, USA 129,688, Certificates 12,815, USD 12,815, Derivatives 3, Bank balances 11,706, Other assets 645, II. Liabilities./.793, /.0.28 III. Fund assets 282,785,

4 Statement of net assets as at 30/06/2018 ISIN Holdings Purchases / Sales / Price Market value % of Description 30/06/2018 additions disposals in the fund during the reporting period assets Quantity Quantity Quantity EUR Portfolio holdings 271,223, Exchange-traded securities 271,136, Equities 258,320, Brookfield Asset Mgmt Inc. CAD Reg.Shs Class A (Ltd Vtg) o.n. CA ,000 91, ,538, Valeant Pharma. Int. Inc. Registered Shares o.n. CA91911K , ,002, Novo-Nordisk AS DKK Navne-Aktier B DK 0,20 DK ,522 12, ,311, Novozymes A/S Navne-Aktier B DK 2 DK ,000 86, ,736, Bca Monte dei Paschi di Siena EUR Azioni nom. o.n. IT , , CECONOMY AG Inhaber-Stammaktien o.n. DE ,000 14, ,312, Continental AG Inhaber-Aktien o.n. DE , , ,779, Covestro AG Inhaber-Aktien o.n. DE ,000 12,000 10, ,133, Deutsche Pfandbriefbank AG Inhaber-Aktien o.n. DE , , ,407, Eurofins Scientific S.E. Actions Port. EO 0,1 FR ,700 8, ,144, Hannover Rück SE no par reg. shr. DE ,700 10,000 5, ,841, Infineon Technologies AG Namens-Aktien o.n. DE , , ,492,800, Sartorius AG Vorzugsaktien o.st. o.n. DE , , ,670, Technicolor S.A. Actions Port. EO 1 FR ,185,571 88, ,303, Umicore S.A. Actions Nom. o.n. BE , , ,030, Wirecard AG Inhaber-Aktien o.n. DE , , ,987, Burberry Group PLC GBP Registered Shares LS 0,0005 GB , , ,221, BYD Co. Ltd. HKD Registered Shares H YC 1 CNE , , ,621, China Resources Gas Group Ltd. Registered Shares HD 0,10 BMG2113B1081 1,418, , ,264, Tongda Group Holdings Ltd. Reg. Shs HD 0,01 KYG8917X ,518,788 4,600, ,603, Shionogi & Co. Ltd. JPY Registered Shares o.n. JP , , , ,602, Suruga Bank Ltd., The Registered Shares o.n. JP , , ,916, W-SCOPE Corp. Registered Shares o.n. JP , , , ,293, Salmar ASA NOK Navne-Aksjer NK 0,25 NO , , ,388, Yara International ASA Navne-Aksjer NK 1,70 NO , , ,751, Intrum AB SEK Namn-Aktier SK 0,02 SE , , ,184, Alphabet Inc. USD Reg. Shs Cl. A DL 0,001 US02079K3059 8, ,800 1, ,647, Apple Inc. Registered Shares o.n. US ,100 27, ,371, Bank of the Ozarks Inc. Reg. Shares DL 0,01 US , , ,240, Berkley, W.R. Corp. Registered Shares DL 0,20 US , , ,361, Berkshire Hathaway Inc. Reg. Shares A DL 5 US , ,388, Biogen Inc. Registered Shares DL 0,0005 US09062X ,620 2, ,380, BOFI Holding Inc. Registered Shares DL 0,01 US05566U ,300 5, ,900, Booking Holdings Inc. Reg. Shares DL 0,008 US09857L1089 3,140 5,040 1,900 2, ,452, Centene Corp. Registered Shares DL 0,001 US15135B ,940 50, ,080, Cognizant Technology Sol.Corp. Reg. Shs Class A DL 0,01 US , , ,819, Gilead Sciences Inc. Registered Shares DL 0,001 US , , ,305, Illumina Inc. Registered Shares DL 0,01 US ,800 4, ,976, Intercontinental Exchange Inc. Reg. Shs DL 0,01 US45866F , , ,498, IPG Photonics Corp. Reg. Shares DL 0,0001 US44980X , , ,456, Microsoft Corp. Reg. Shares DL 0, US , , ,313, NIKE Inc. Registered Shares Class B o.n. US ,000 61, ,688, Oracle Corp. Registered Shares DL 0,01 US68389X ,900 30, ,072, Regeneron Pharmaceuticals Inc. Reg. Shs DL 0,001 US75886F ,400 6, ,959, Ross Stores Inc. Registered Shares DL 0,01 US ,500 24, ,150, Samsung Electronics Co. Ltd. R.Sh(sp.GDRs144A/95) 25/SW5000 US , ,100 1, ,813, Soc.Quimica y Min.de Chile SA Reg.Shs B (Spons.ADRs)/1 o.n. US , , ,733, Taiwan Semiconduct.Manufact.Co Reg.Shs (Spons.ADRs)/5 TA 10 US , , ,225, VISA Inc. Reg. Shares Class A DL 0,0001 US92826C ,000 6, ,622,

5 Statement of net assets as at 30/06/2018 ISIN Market Holdings Purchases / Sales / Price Market value % of Description 30/06/2018 additions disposals in the fund during the reporting period assets Units or currency in 000 EUR Certificates 12,815, Merrill Lynch B.V. USD USD USD % Short Var.NT S&P 500 DE000ML0GD14 8, ,815, Unlisted securities 87, Equities 87, Tongda Hong Tai Hldgs Ltd. Quantity Quantity Quantity HKD Registered Shares HD 0,01 KYG8919C , , , Total securities 271,223, Derivatives (holdings shown with a minus sign are sold positions) 3, Foreign-exchange derivatives 3, Claims/liabilities Foreign exchange futures contracts (purchased) 3, Open positions CHF/EUR 9,4 Mio. OTC 3, Bank balances, non-securitised money market instruments and money market funds 11,706, Bank balances Balances with Hauck & Aufhäuser Privatbankiers AG Frankfurt (V) Balances in the Fund currency 10,669, Balances in non-eu/eea currencies CHF 1,144, , USD 58, , Other assets 645, Interest claims Dividend claims 299, Withholding tax claims 345, Other liabilities./.793, /.0.28 Interest payable./.4, Management fee./.707, /.0.25 Custodian fee./.74, /.0.03 Publication expenses./ Audit expenses./.5, Fund assets 282,785, ) ACATIS AKTIEN GLOBAL FONDS unit class A ACATIS AKTIEN GLOBAL FONDS unit class C (inst.) Number of units Quantity 456,118 Number of units Quantity 150 Unit value/redemption price EUR Unit value/redemption price EUR 20, Issuing price EUR Issuing price EUR 20, ACATIS AKTIEN GLOBAL FONDS unit class B (inst.) ACATIS AKTIEN GLOBAL FONDS unit class D Number of units Quantity 6,234 Number of units Quantity 559 Unit value/redemption price EUR 20, Unit value/redemption price CHF 16, Issuing price EUR 20, Issuing price CHF 16, ) Small rounding differences may exist due to rounding of percentage figures. 4

6 Securities prices or market rates The assets of the Investment Fund have been valued on the basis of the most recent fixed prices/market rates. Foreign exchange rates (in equivalent quantities) Canadian dollar CAD EUR 1.00 = Swiss franc CHF EUR 1.00 = Danish krone DKK EUR 1.00 = British pound GBP EUR 1.00 = Hong Kong dollar HKD EUR 1.00 = Japanese yen JPY EUR 1.00 = Norwegian krone NOK EUR 1.00 = Swedish krona SEK EUR 1.00 = US dollar USD EUR 1.00 = Market code OTC = Over the counter Transactions concluded during the reporting period that no longer appear in the statement of net assets: Purchases and sales of securities, investment units and borrower s note loans ( Schuldscheindarlehen ) (market allocation as at the reporting date): Description ISIN Purchases / Sales / additions disposals Quantity Quantity Exchange-traded securities Equities PhosAgro PJSC Reg.Shs(Sp.GDRs Reg.S)1/3/o.N. US71922G ,000 Priceline Group Inc., The Registered Shares DL 0,008 US ,040 Unlisted securities Equities Tongda Hong Tai Holdings Ltd NEW XFA00A , ,970 Derivatives (option premiums received in opening transactions or volume of option transactions. Purchases and sales in the case of warrants) Volume in 000 Futures contracts Foreign exchange futures contracts (sold) Forward currency sales: CHF/EUR CHF 500 Foreign exchange futures contracts (purchased) Forward currency purchases: CHF/EUR CHF Overview of unit class characteristics Issuing surcharge (up to 5.000% p.a.), currently 5.000% p. a % p. a % p. a % p. a. Management fee (up to 1.35% p.a.), currently 0.750% p. a % p. a % p. a % p. a. Utilisation of earnings Reinvestment Reinvestment Distribution Reinvestment excluding interim distribution Currency Euro Euro Euro Swiss franc 5

7 Notes pursuant to Section 7(9) of the German Capital Investment Accounting and Valuation Ordinance ( KARBV ) Securities holdings as a percentage of fund assets (in %) Derivatives holdings as a percentage of fund assets (in %) 0.00 Other disclosures ACATIS AKTIEN GLOBAL FONDS unit class A Unit value Issuing price Redemption price Number of units Quantity 456,118 ACATIS AKTIEN GLOBAL FONDS unit class B (inst.) Unit value 20, Issuing price 20, Redemption price 20, Number of units Quantity 6,234 ACATIS AKTIEN GLOBAL FONDS unit class C (inst.) Unit value 20, Issuing price 20, Redemption price 20, Number of units Quantity 150 ACATIS AKTIEN GLOBAL FONDS unit class D Unit value CHF 16, Issuing price CHF 16, Redemption price CHF 16, Number of units Quantity 559 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 are used as the basis for investment fund units, and the par value or redemption amount is used as the basis for bank balances 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 tradeable price available, are valued pursuant to Section 28 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, 2 July 2018 Universal-Investment-Gesellschaft mbh The Management Board 6

8 OVERVIEW OF THE FUND Initial issue date 21 May January October December 2010 Initial issue price EUR (including issuing surcharge) EUR 101, (including issuing surcharge) EUR 101, (including issuing surcharge) CHF 10, (including issuing surcharge) Issuing surcharge currently 5.000% currently 1.000% currently 1.000% currently 1.000% Management fee Custodian fee Advisory fee Performance fee Unit classes A, B (inst.), C and D: Currency currently 0.750% p.a. currently 0.265% p.a. currently 0.265% p.a. currently 0.295% p.a. currently 0.100% p.a. (minimum EUR 10, p.a. charged to the Fund as a whole) currently 0.085% p.a. (minimum EUR 10, p.a. charged to the Fund as a whole) currently 0.085% p.a. (minimum EUR 10, p.a. charged to the Fund as a whole) currently 0.085% p.a. (minimum EUR 10, p.a. charged to the Fund as a whole) currently 0.600% p.a. currently 0.450% p.a. currently 0.450% p.a. currently 0.450% p.a. 10% of the yield generated by the Fund in the accounting period above the reference value (MSCI World GDR (EUR). Euro Euro Euro Swiss franc Benchmark index 2), B, C, D Utilisation of earnings German securities number / ISIN MSCI World Perf. -gdr- (EUR) Reinvestment Reinvestment Distribution excluding interim distribution Reinvestment / DE A0HF4S / DE000A0HF4S5 A0YBNM / DE000A0YBNM4 A1C7DK / DE000A1C7DK9 2 ) MSCI is a registered trademark of MSCI Inc. 7

9 BRIEF OVERVIEW OF THE PARTNERS of ACATIS AKTIEN GLOBAL FONDS 1. Capital management company Name: Universal-Investment-Gesellschaft mbh Street address: Theodor-Heuss-Allee Frankfurt am Main Postal address: Postfach Frankfurt am Main Tel.: 069 / Fax: 069 / Founded: 1968 Legal form: Limited liability company Subscribed and paid-up capital: EUR 10,400, Equity capital: Equity capital: EUR 58,194, (as at: December 2017) Directors: Frank Eggloff, Munich Markus Neubauer, Frankfurt am Main Michael Reinhard, Bad Vilbel Stefan Rockel, Lauterbach (Hesse) Alexander Tannenbaum, Mühlheim am Main Bernd Vorbeck, Elsenfeld Supervisory Board: Prof. Dr Harald Wiedmann (Chairman), Berlin Dr Axel Eckhardt, Düsseldorf Daniel Fischer, Bad Vilbel Daniel F. Just, Pöcking 2. Custodian Name: Hauck & Aufhäuser Privatbankiers AG Street address: Kaiserstraße Frankfurt am Main Postal address: Postfach Frankfurt am Main Tel.: 069 / Fax: 069 / Legal form: Public limited company Liable equity capital: EUR 161,968, (as at: 31/12/2016) Primary area of activity: Universal bank focusing on securities transactions 3. Advisor and Distributor ACATIS Investment Kapitalverwaltungsgesellschaft mbh mainbuilding Taunusanlage Frankfurt am Main Tel.: 069 / Fax: 069 / Investment Committee Dr Hendrik Leber, ACATIS Investment Kapitalverwaltungsgesellschaft mbh, Frankfurt am Main Axel Janik, Hauck & Aufhäuser Privatbankiers AG, Frankfurt am Main Michael O. Bentlage, Hauck & Aufhäuser Privatbankiers AG, Munich 8

10 CAPITAL MANAGEMENT COMPANY Universal-Investment-Gesellschaft mbh Theodor-Heuss-Allee Frankfurt am Main Postfach Frankfurt am Main Telefon 069 / Telefax 069 / CUSTODIAN Hauck & Aufhäuser Privatbankiers AG Kaiserstraße Frankfurt am Main Postfach Frankfurt am Main Telefon 069 / Telefax 069 / ADVISOR AND DISTRIBUTOR ACATIS Investment Kapitalverwaltungsgesellschaft mbh mainbuilding Taunusanlage Frankfurt am Main Postfach Frankfurt am Main Telefon 069 / Telefax 069 /