EVOLUTION VALUE FUNDS - Classic Fund

Transcription

1 EVOLUTION VALUE FUNDS - Classic Fund UCITS according to Liechtenstein law in the legal form of a trusteeship Semi-Annual report 30 September 2015 CAIAC Fund Management AG Haus Atzig P.O. Box 27 Industriestrasse 2 FL-9487 Bendern Tel Fax evolutionfunds@caiac.li

2 General information Organisation Management company Asset manager Custodian bank Statutory auditor Paying agent Information agent Paying- and information agent Tax representative Valuation interval Issue and redemption day Unit transaction cut-off time, issue Unit transaction cut-off time, redemption Cut-off time unit transaction Account currency Use of proceeds Closing of fiscal year Domicile of fund Fund type Legal status Legislative basis Publication medium CAIAC Fund Management AG Haus Atzig Industriestrasse 2 FL-9487 Bendern International Capital Management AG Industriestrasse 56 FL-9491 Ruggell Raiffeisen Privatbank Liechtenstein Austrasse 51 FL-9490 Vaduz ReviTrust Grant Thornton AG Bahnhofstrasse 15 FL-9494 Schaan in Poland: Raiffeisen Polbank Ul. Pikna Warszawa in Poland: Matczuk Wieczorek i Wspolnicy ul. Czeczota Warszawa in Austria: Erste Bank der österreichischen Sparkassen AG Graben 21 AT-1010 Wien in Slovakia: Tatrabanka a.s. Hodzovo nam Bratislava in Czech Republic: Raiffeisenbank a.s. Hvzdova 1716/2b Praha 4 in Austria: BDO Austria GmbH Kohlmarkt 8-10 AT-1010 Wien Daily Every day Valuation date, 4 p.m. Valuation date, 4 p.m. Every day Reinvested 31 March Bendern, Liechtenstein OGAW (UCITS IV) UCITS in the legal form of a trusteeship ( collective trusteeship ) Law of June 28, 2011 regarding Undertakings for Collective Investment in Transferable Securities (UCITSG) Web-Site of the Liechtenstein Investment Fund Association page 1

3 Fund data ISIN Investment advisor commission Custodian bank fee Administration and processing unit registry Distributor's fee Risk Management and Administration fee Investment decisions Performance Fee LI Class institutional LI Class CZK LI Class LI Class PLN None max % p.a % p.a. add p.a. per unit account 1.60 % p.a. (None for Class institutional) 0.20 % p.a. add. max. CHF 40'000.- p.a. add. per currency-class max. CHF 2'500.- p.a % p.a. Issuing commission max. 5 % Redemption commission max. 5 % 20 % p.a. (10 % p.a. Class institutional) with High Watermark page 2

4 Capital account as at Bank balance, thereof 760' Cash 760' Time Deposits 0.00 Securities 34'765' Derivative financial instruments 0.00 (Precious) Metals 0.00 Life insurance policy 0.00 Other assets, thereof 35' interest, dividend 0.00 Total assets 35'561' Liabilities, thereof -346' Bank Credit 0.00 Custodian fee -16' Administration fee -982' Asset management fee -223' Performance fee 0.00 Travel and advertising costs 0.00 Audit costs 0.00 Net assets EVOLUTION Classic Fund Class Number of units in circulation EVOLUTION Classic Fund Class 35'214' '580' '436' '050' ' ' '920' '300' ' Net asset value by unit = CZK = EVOLUTION Classic Fund Class = PLN = page 3

5 Consolidated profit and loss statement Income from bank balance 0.00 Income from securities, thereof 0.83 Bonds, convertible bonds, warrant bonds 0.00 Shares and other equities, incl. Income from bonus shares 0.00 Income from units from other investment companies/funds 0.83 Other income, thereof 11' Income from securities lending and repurchase agreements 0.00 Current income from the issue of new units -439' Total Income -428' Interest paid 0.00 Audit expenses 5' Statutory remuneration to administration 959' Statutory remuneration to custodian bank 31' Other expenses 55' Travel and advertising costs 0.00 Distribution of current income on the redemption of units -112' Total expenses Net income Realised capital gains and capital losses Realised profit/loss Non-realised capital gains and capital losses Total profit/loss 938' '367' '168' ' '574' '772' Off-balance-sheet transactions No off-balance-sheet positions as at , i.e. no contracts with derivative financial instruments. No securities lending took place within the period. Utilisation of profit Net income from fiscal year -1'367' Capital gains for fiscal year held for distribution 0.00 Capital gains for previous fiscal years held for distribution 0.00 Balance from previous year 0.00 Profit available for distribution -1'367' Profit held for distribution to the investors 0.00 Profit retained for reinvestment -1'367' Carried forward to new account 0.00 Change in net assets Net assets at the beginning of the reporting period Balance from unit dealings Total profit/loss Net assets at the end of the reporting period 33'503' '483' '772' '214' page 4

6 Number of units in circulation Number of units at the beginning of the period Units issued Units redeemed Number of units at the end of the period Number of units at the beginning of the period Units issued Units redeemed Number of units at the end of the period EVOLUTION Classic Fund Class Number of units at the beginning of the period Units issued Units redeemed Number of units at the end of the period 17' ' ' ' '221' '069' ' '920' '023' ' ' '300' Number of units at the beginning of the period 6' Units issued Units redeemed Number of units at the end of the period 7' Development of the net asset value Date Net assets Number of units Net asset value Performance in circulation per unit per fiscal year ' ' '904' ' % * '580' ' % ** '454' CZK 74' CZK '690' CZK 5'221' CZK 9.49% * '207' CZK 6'920' CZK % ** EVOLUTION Classic Fund Class ' ' '674' '023' % * '050' '300' % ** ' PLN 6' PLN ' PLN 6' PLN 1.79% ** ' PLN 7' PLN % ** The historic performance is no indicator for current or future performance. Issuing and redemption commisisons are not included in the performance data. * Performance is for more than a year. ** Performance is for less than a year. Depositories as at The financial instruments were deposited with the following depositories on the closing day: Raiffeisen Bank International AG, 1030 Vienna page 5

7 Currency table as at Polish Zloty PLN 100 = Swiss Franc CHF 1 = Czech Crown CZK 100 = US-Dollar USD 1 = Total Expense Ratio (TER) as at TER ongoing ordinary fees and extraordinary disposition fees* TER ongoing ordinary fees and extraordinary disposition fees with performance fee** Unit register fee in % TER ongoing ordinary fees and extraordinary disposition fees* TER ongoing ordinary fees and extraordinary disposition fees with performance fee** Unit register fee in % EVOLUTION Classic Fund Class TER ongoing ordinary fees and extraordinary disposition fees* TER ongoing ordinary fees and extraordinary disposition fees with performance fee** Unit register fee in % TER ongoing ordinary fees and extraordinary disposition fees* TER ongoing ordinary fees and extraordinary disposition fees with performance fee** Unit register fee in % 1.95% p.a. 2.85% p.a. 0.77% p.a. 3.47% p.a. 4.86% p.a. 0.82% p.a. 3.49% p.a. 5.05% p.a. 0.82% p.a. 3.53% p.a. 4.84% p.a. 0.82% p.a. *Without performance fee and unit register. **Without unit register. Charges from target investments are not included. Transaction costs Charges Brokerage 61' Transaction costs are charged directly to the purchase - or sales value of the investment concerned. Therefore, these costs are not included in the TER-calculation. page 6

8 Asset Holdings as at Sales and purchases Name Holdings Purchase Sale Holdings Fair value Share Investment Funds ) 2) in % France Amundi ETF MSCI Em Asia UCITS ETF FCP 145' ' ' ' ' % Amundi ETF MSCI Emerging Markets UCITS ETF FCP 735' ' ' ' '190' % Lyxor UCITS ETF Euro Cash FCP '000 50' % Total France 3'078' % Great Britain First State Inv ICVC - First State Asia Pacific Leaders Fund 1'500' ' '501' '999' % Total Great Britain 1'999' % Ireland Heptagon PLC Harvest China A Sh. Equity F. Cl.C USD ' ' '019' % HSBC MSCI Russia Capped UCITS ETF She German Cert. 95' ' % ishares III Emerging M. Local Government Bond UCITS ETF 30' ' % PCP Sel. UCITS PLC - Linden Core Fund 2X C USD 1' ' '594' % PIMCO Euro Short Maturity Source UCITS ETF % Total Ireland 2'613' % Liechtenstein AIM Equity TR Klasse I Fund ' ' '864' % Principal Asia Convertible Bond Fund B ' '882' % Total Liechtenstein 3'747' % Luxembourg Bellevue Funds (Lux) SICAV - BB African Opportunities 5' ' ' % Berenberg Renminbi Bond Opportunities UI FC 8' ' % db x-trackers II SICAV - EONIA Total Return Index ETF ' ' % Franklin Templeton Inv. Funds SICAV - Mena Fund - I ' ' '944' % Goldman Sachs Funds SICAV - N-11SM Equity Portfolio 47' ' ' % GS Gr&EM B Eq IC ' ' '463' % Hen Hor Gl HYB I2 Cap ' ' '268' % MFS Meridian SICAV - Global Total Return 220' ' ' ' '663' % N1 Gl St Eq U BIC ' ' '097' % Nordea 1 SICAV - Stable Emerging Markets Equity Fund 82' ' % Pion EM Bd S-T IC ' ' '224' % Pioneer Funds FCP - Emerging Markets Bond Units H Cap. 1' ' % Pioneer Funds FCP - Emerging Markets Corporate High Yield Bo 1' ' '189' % Schroder Int. Selelcion Funds - Frontier Markets 12' ' '395' % Schroder Int. Selelection Fund - Asian Total Return 5' ' ' % Total Luxembourg 23'326' % Total Investment Funds 34'765' % Bank balance Cash 760' % Time Deposits % Total bank balance 760' % Other assets 35' % Total assets 35'561' % Liabilities -346' % Net assets 35'214' % 1) Purchase includes transactions such as: free shares / purchases / conversions / name changes / splits / stock dividends / elected dividends / securities split / transfer / reclassification due to redenomination in / exchange between companies / allocation due to purchase rights or option rights / allocation of purchase rights from base securities 2) Sale includes transactions such as: drawing by lot / write-off due to expiration / deletion of purchase rights or option rights / reverse splits / transfer / reclassification due to the redenomination in fund currency / exchange between companies / sale / repayment page 7

9 Information on issues of particular economic or legal significance Valuation date The business report as at is based on the last NAV of the reporting period. This was calculated as at Calculation Possible discrepancies in the totals are due to rounding differences. Unitholder information No unitholder information in the period of till page 8