Audited Annual Report

Transcription

1 AMREGO I SICAV Société d Investissement à Capital Variable R.C.S. Luxembourg B Audited Annual Report For the year ended 31 December 2016 Subscriptions cannot be received on the basis of financial reports. Subscriptions are valid only if made on the basis of the current prospectus, as supplemented by the latest audited annual report and, if published thereafter the latest semi-annual report.

2 AMREGO I SICAV Table of Contents Page Management and Service Providers 1 Investment Manager s Report 2 Audit Report 4 Schedule of Investments AMREGO I SICAV - Söderberg & Partners Trygghet 75 PM 5 AMREGO I SICAV - Söderberg & Partners Trygghet 80 PM 7 AMREGO I SICAV - Trygghet 75 S 9 AMREGO I SICAV - Trygghet 80 S 11 AMREGO I SICAV - Trygghet 85 S 13 AMREGO I SICAV - Trygghet 90 S 15 AMREGO I SICAV - Tillväxt AMREGO I SICAV - Trygghet AMREGO I SICAV - Trygghet AMREGO I SICAV - Trygghet AMREGO I SICAV - Trygghet AMREGO I SICAV - Tryghed AMREGO I SICAV - Contrarian Combined Statement of Net 30 Combined Statement of Operations and Changes in Net 33 Statement of Changes in the Number of Shares 36 Statistical Information 37 Notes to the Financial Statements 39 Appendix Total Expense Ratios (unaudited) 48 Remuneration Disclosures 49

3 AMREGO I SICAV Management and Service Providers Board of Directors Chairman Carl-Adam Högberg Conducting Officer, Söderberg & Partners Asset Management S.A. Directors Niklas Vesterlund Conducting Officer, Söderberg & Partners Asset Management S.A. Henri Stengård Mergers & Acquisitions PO Söderberg & Partner AB Management Company Söderberg & Partners Asset Management S.A. 1, rue Louvigny L-1946 Luxembourg Grand Duchy of Luxembourg Promoter PO Söderberg & Partner AB Regeringsgatan 45 S Stockholm Sweden Registered Office 1, rue Louvigny L-1946 Luxembourg Grand Duchy of Luxembourg Investment Manager Söderberg & Partners Asset Management S.A. 1, rue Louvigny L-1946 Luxembourg Grand Duchy of Luxembourg Custodian, Administration and Paying Agent Registrar and Transfer Agent J.P. Morgan Bank Luxembourg S.A. European Bank & Business Center 6, route de Trèves L-2633 Senningerberg Grand Duchy of Luxembourg Auditor PricewaterhouseCoopers, Société coopérative 2, rue Gerhard Mercator B.P.1443, L-1014 Luxembourg Grand Duchy of Luxembourg Legal Advisors Arendt & Medernach 41A, avenue J.F. Kennedy L-2082 Luxembourg Grand Duchy of Luxembourg 1

4 AMREGO I SICAV Investment Manager s Report Management Report This report gives an overview of the general economic environment, the development and future outlook of the most important capital markets for the open-ended investment company Amrego I SICAV with its sub-funds: AMREGO I SICAV - Contrarian 65 AMREGO I SICAV - Söderberg & Partners Trygghet 75 PM AMREGO I SICAV - Söderberg & Partners Trygghet 80 PM AMREGO I SICAV - Tillväxt 75 AMREGO I SICAV - Trygghet 75 AMREGO I SICAV - Trygghet 80 AMREGO I SICAV - Trygghet 85 AMREGO I SICAV - Trygghet 90 AMREGO I SICAV - Trygghet 75 S AMREGO I SICAV - Trygghet 80 S AMREGO I SICAV - Trygghet 85 S AMREGO I SICAV - Trygghet 90 S AMREGO I SICAV - Tryghed 75 This annual report covers the period from January 1 st 2016 to December 31 st Table of returns Sub-fund Class A Class B Class C AMREGO I SICAV - Contrarian 65 9,9% AMREGO I SICAV - Söderberg & Partners Trygghet 75 PM 7,2% 5,7%* 13,2%** AMREGO I SICAV - Söderberg & Partners Trygghet 80 PM 5,3% 4,6%* AMREGO I SICAV - Tillväxt 75 5,3% AMREGO I SICAV - Trygghet 75 5,2% 6,0% AMREGO I SICAV - Trygghet 80 3,8% 4,6% AMREGO I SICAV - Trygghet 85 2,6% 3,3% AMREGO I SICAV - Trygghet 90 2,1% 2,5% AMREGO I SICAV - Trygghet 75 S 3,6% 4,4% AMREGO I SICAV - Trygghet 80 S 2,6% 3,3% AMREGO I SICAV - Trygghet 85 S 1,8% 2,5% AMREGO I SICAV - Trygghet 90 S 1,5% 2,0% AMREGO I SICAV - Tryghed 75 5,2% * return from inception, September 30th 2016 to December 31st 2016 ** return from inception, February 4th 2016 to December 31st Review On the back of the US Federal Reserve s late rate hike of 2015, being the first since the global financial crisis in 2008, four more hikes were announced during Along with worries about a hard landing in China the markets did not take that with ease and responded with falling prices and lower interest rates in the beginning of the year. When the inflation and growth were not as strong as the Federal reserve had predicted they cut back on the pre-announced rate hikes which led to the US dollar weakening and the markets stabilizing. The weakened dollar along with increases in global commodity prices helped the Emerging markets rise at the end of February and they continued to rise for the remainder of the year. Mid-year all eyes were on UK and its referendum. The result was 51.9 % for leaving with a turnout of 72.2 %. The Brexit came for many as a chock and the markets fell sharply just to recover within a week, supported by central bank easing and better than expected statistics. The next step now is to invoke article 50 which initiates the process to withdraw from the European union, a process that has never been done before and takes at least 2 years. In November the US election, which featured more personal attacks than politics, came to an end and surprisingly, Donald J. Trump was announced a winner. His inauguration will take place the 20th of January making him the 45th president of the United States. Again, the election outcome took the markets by surprise and they fell sharply as a result, but this time the markets rebounded in just a couple of hours and most indices ended the day in positive territory. In the last meeting the US Federal Reserve had, the statistics and expectations leading up to the meeting pointed towards a new rate hike. That is why it came as no surprise when they decided to hike the rate by 0.25 % and announced further hikes three times a year for the coming three years. 2

5 AMREGO I SICAV Investment Manager s Report (continued) For the Emerging markets the US election outcome was not received as positive given Trump s more protectionist approach and a presumably stronger dollar in the aftermath of the rate hike, and fell in the last quarter of the year. The Emerging markets did however outperform developed markets due to a good race up until November. In the end, despite all the volatile political events that took place during 2016, almost all markets ended up yielding positive returns thanks to a stronger economic recovery. Outlook With the inauguration of Donald J. Trump as the new president of the United States and his following speech, where the main theme was nationalistic and to put America first, we will most certainly see volatility going forward as his agenda can be perceived as more hostile towards other countries. His administration has already announced that Trump will pull the US out of the 12-nation Trans-Pacific Partnership (TTP) which in turn could favor China as a new potential member in that constellation, possibly changing the landscape of global trade in the future. Recently published purchasing index numbers around the world indicate that most regions are improving in the short-to medium term. However, with less expansionary central bank agendas in general and given the recent rise in inflation expectations, we believe the growth will have to come from other sources of financial stimulus. Emerging market economies have seen a recovery, with higher factory output and signs that companies are confident enough to pass higher prices on to customers. Some of the rebound is the result of fading recessions in Russia and Brazil and even though 2016 was a good year, in terms of equity returns for these countries, we still find the valuations favorable going forward. China s stabilizing growth and hunger for commodities help resource exporters in emerging markets. We have an overweight in emerging markets compared to developed markets and we still think equities will continue outperforming relative to fixed income given the expectation of higher interest rates alongside with the decent yield in equities. The Investment Manager Luxembourg, 28 April 2017 The information stated in this report is historical and not necessarily indicative of future performance. 3

6 *fl pwc Audit refrt TotheShsr fioltlss ot AMREGOI STCAV We have audited the accompanying financial statements of AMREGO I SICAV and of each of its sub-funds, which comprise the combined statement of net assetslnd the schedule of investments as at 31 December 2016 and the combined statement of operations and changes in net assets for the year then ended, and a summary of signfficant accounting policies and other explanatory notes to the financial statements. Responsibility of the Board of Directors of the SICAV for the ftnancial statements The Board of Directors of the SIGAV is responsible for the preparation and fair presentation of these financial statements in accordance with Luxembourg legal and regulatory requirements relating to the preparation of the financial statements and for such intemal control as ttre-goiro of Direltors of the SICAV determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or eror. Responsibility of the 'R6viseur d'entreprise agr66' Our responsibiltty is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with intemational Standards on Auditing as adopted for Luxembourg by the "Commission de Surveillance du Secteur Financief. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free ftom material misstatement' An audit involves performing procedures to obtain audit evidene about the amounts and disclosures in the financial statements. The procedures selected depend on the judgment of the "R6viseur d'entreprises agr66l, including. the assessment of the risks of material misstatement of the financial statements, whether due to fraud or eror. ln making those risk assessments, the "R6viseur d'entreprises agr66" considers intemal control relevant to the entity's preparation and fair presentation of the financial statements in order to desiln audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectivenejs of the entity's intemal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directon of the SICAV, as well as evaluating the overall presentation of the financial stratements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion ln our opinion, the financial statements give a true and fair view of the financial position of AMREGo I SICAV and of each of its sub-funils as of 31 December 2016, and of the rmults of their operations and changes in their net assets for the year then ended in accordance with Luxembourg legal and regulatory requirements relating to the preparation of the financial statements. Other information The Board of Directors of the SICAV is responsible for the other information. The other information comprises the information included in the annual report but does not include the financial statements and our audit report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. ln connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so' consider whether the other information is materially inconsistent Mth the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. lf, based on the work we have performed, we conclude that there is a material misstiatement of this other informatibn, we are required to report this fact. We have nothing to report in this regard. PricewaterhouseCoopers, Soci6t6 coop6rative Reoresented bv.gt / \-xio^r' Anne Laurent Luxembourg, 28 Apnl 2O17 PrlcewaterhouseCoopers, Soct6t6 coop6rative, 2 rue Gerhard Mercator, 8,P.1443, L'1014 Luxembourg T: , F: , Cabtnet de rflvlsion agr66. Expert+omptable (autorlsatlon gowemementale n" ) R.C.S. Luxembourg B TVA LU

7 AMREGO I SICAV - Söderberg & Partners Trygghet 75 PM Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Handelsbanken MSCI Emerging Markets Index Fund - AI Sweden Handelsbanken Europafond Index - (A1 ) Handelsbanken MSCI USA Index Fund - (A1 ) Handelsbanken Sverigefond Index - Aclwmulerande Öhman Etisk Emerging Markets Fund Öhman Etisk Index Europa Fund Öhman Etisk Index Japan Fund Öhman Etisk Index Pacific Fund Öhman Etisk Index Sverige Fund - A Öhman Index Nordamerika MSCI North America Fund - A Spiltan Räntefond Sverige SPP Aktiefond Japan SPP Aktiefond USA Swedbank Robur Access Asien Fund - Swedbank Robur Access Sverige Fund - Swedbank Robur Penningmarknadsfond - Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity Market Value 447,485 55,309, ,309, ,230, ,087, , ,124, , ,201, ,553 37,734, , ,129, ,588 36,529, ,853 47,691, , ,562, , ,903, ,045, ,503, ,546 33,150, , ,096, ,266 50,505, , ,120, ,501 32,995, ,454,333, ,509,642, EUR 104,000 35,900, ,900, USD 56,000 17,572, USD 75,000 24,811, USD 110,000 47,995, USD 138,000 53,501, ,880, ,000 37,356, ,356, ,137, ,726,780, Total Investments Cash Other /(Liabilities) Total Net 1,726,780, ,289, (2,538,942) (0.14) 1,799,530, Geographic Allocation of Portfolio Sweden Ireland 8.00 Luxembourg 3.07 Germany 1.99 Total Investments Cash and Other /(Liabilities) 4.04 Total

8 AMREGO I SICAV - Söderberg & Partners Trygghet 75 PM Schedule of Investments (continued) Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 275 EUR 47,162, , USD 19,907, , ,344, USD 39,018,164 (493,557) (0.03) 112 USD 113,536,200 (1,478,316) (0.08) (1,971,873) (0.11) (627,086) (0.03) 6

9 AMREGO I SICAV - Söderberg & Partners Trygghet 80 PM Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Handelsbanken MSCI Emerging Markets Index Fund - AI Sweden Handelsbanken Europafond Index - (A1 ) Handelsbanken Kortränta Criteria Fund - (A1) Handelsbanken MSCI USA Index Fund - (A1 ) Handelsbanken Sverigefond Index - Aclwmulerande Öhman Etisk Emerging Markets Fund Öhman Etisk Index Europa Fund Öhman Etisk Index Japan Fund Öhman Etisk Index Pacific Fund Öhman Etisk Index Sverige Fund - A Öhman Index Nordamerika MSCI North America Fund - A Öhman Penningsmarknadsfond Spiltan Räntefond Sverige SPP Aktiefond Japan SPP Aktiefond USA Swedbank Robur Access Asien Fund - Swedbank Robur Access Sverige Fund - Swedbank Robur Penningmarknadsfond - Currency Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity Market Value 635,281 78,520, ,520, ,170, ,248, ,663, ,852, ,380, ,445, , ,383, ,824 56,038, ,656, ,226, ,376 63,668, ,693 79,964, ,108, ,640, ,074, ,308, ,100, ,022, ,911, ,638, ,778 68,030, ,748, ,688, ,194 89,303, ,078, ,896, ,005, ,204, ,080,563, ,159,083, EUR 195,000 67,313, ,313, USD 105,000 32,948, USD 100,000 33,081, USD 225,000 98,172, USD 255,000 98,861, ,064, ,000 66,222, ,222, ,599, ,555,683, Total Investments Cash Other /(Liabilities) Total Net 3,555,683, ,804, (6,096,779) (0.16) 3,652,391,

10 AMREGO I SICAV - Söderberg & Partners Trygghet 80 PM Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Ireland 7.20 Luxembourg 2.15 Germany 1.84 Total Investments Cash and Other /(Liabilities) 2.65 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 450 EUR 77,175,309 1,408, USD 30,293, , ,145, USD 58,527,246 (740,335) (0.02) 165 USD 167,263,152 (2,177,876) (0.06) (2,918,211) (0.08) (773,199) (0.02) 8

11 AMREGO I SICAV - Trygghet 75 S Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I BlackRock Emerging Europe Fund - Class A2 EUR Carnegie Swedish Small Cap Sub-Fund - sub-class 1A JPMorgan Japan Equity Fund - JPM Japan Equity C (acc) - USD JPMorgan Latin America Equity Fund - JPM Latin America Equity I (acc) - USD JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD Morgan Stanley US Advantage Fund - Share Class Z Schroder ISF European Special Situations - Class A Acc Schroder ISF Frontier Markets Equity - Class A Acc T. Rowe US Smaller Companies Equity Fund - Class I Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) UBS (Lux) European Opportunity Unconstrained (EUR) Fund - Anteilsklasse I-A1-acc Sweden Carnegie Sverigefond Handelsbanken Kortränta Criteria Fund - (A1) Simplicity Likviditet Fund Skandia Nordamerika Exponering Fund Skandia Sverige Exponering Fund - A Spiltan Räntefond Sverige United Kingdom First State Stewart Investors Asia Pacific Leaders Fund - Class B (Accumulation) EUR Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity/ Market Value 2,377, ,374, EUR 63,878 58,614, , ,385, USD 1,758, ,201, USD 404,551 52,573, , ,068, USD 237, ,243, USD 729, ,311, EUR 143, ,400, USD 45,192 53,712, USD 562, ,203, EUR 473, ,005, EUR 238, ,284, ,632,379, , ,808, ,995 94,771, ,157 58,977, ,338, ,469, ,324, ,271, ,151, ,163, ,577,461, EUR 23,386, ,567, ,567, ,646,408, EUR 470, ,243, ,243, USD 165,000 51,775, USD 365, ,748, USD 355, ,894, USD 605, ,553, ,972, ,450, ,210, ,210, ,425, ,616,834, Total Investments Cash Other /(Liabilities) Total Net 5,616,834, ,673, (10,095,786) (0.18) 5,786,411,

12 AMREGO I SICAV - Trygghet 75 S Schedule of Investments (continued) Geographic Allocation of Portfolio Luxembourg Sweden Ireland 9.71 United Kingdom 7.55 Germany 2.80 Total Investments Cash and Other /(Liabilities) 2.93 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 920 EUR 157,780,631 2,878, USD 57,990,899 1,410, ,289, USD 120,956,308 (1,530,026) (0.03) 330 USD 334,526,304 (4,355,753) (0.07) (5,885,779) (0.10) (1,596,339) (0.03) 10

13 AMREGO I SICAV - Trygghet 80 S Schedule of Investments United Kingdom First State Stewart Investors Asia Pacific Leaders Fund - Class B (Accumulation) EUR Market Value Investments Currency Quantity/ Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I 1,808, ,029, BlackRock Emerging Europe Fund - Class A2 EUR EUR 40,252 36,934, Carnegie Swedish Small Cap Sub-Fund - sub-class 1A 475, ,993, JPMorgan Japan Equity Fund - JPM Japan Equity C (acc) - USD USD 1,242, ,956, JPMorgan Latin America Equity Fund - JPM Latin America Equity I (acc) - USD USD 254,436 33,065, JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) 1, ,568, JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD USD 143, ,105, Morgan Stanley US Advantage Fund - Share Class Z USD 560, ,209, Schroder ISF European Special Situations - Class A Acc EUR 96, ,005, Schroder ISF Frontier Markets Equity - Class A Acc USD 30,921 36,751, T. Rowe US Smaller Companies Equity Fund - Class I USD 452, ,188, Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) EUR 337, ,676, UBS (Lux) European Opportunity Unconstrained (EUR) Fund - Anteilsklasse I-A1-acc Sweden Carnegie Sverigefond Handelsbanken Kortränta Criteria Fund - (A1) Lannebo Likviditetsfond - Share class: A Simplicity Likviditet Fund Skandia Nordamerika Exponering Fund Skandia Sverige Exponering Fund - A Spiltan Räntefond Sverige Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings EUR 178, ,526, ,910,010, , ,881, ,337, ,779, ,089 90,046, ,620, ,211, ,590, ,496, ,457, ,703, ,007, ,064, ,656,182, EUR 14,999, ,000, ,000, ,846,193, EUR 350, ,819, ,819, USD 100,000 31,379, USD 100,000 33,081, USD 235, ,535, USD 340, ,815, ,812, ,180, ,364, ,364, ,995, ,466,189, Total Investments Cash Other /(Liabilities) Total Net 4,466,189, ,170, (11,535,272) (0.26) 4,573,824,

14 AMREGO I SICAV - Trygghet 80 S Schedule of Investments (continued) Geographic Allocation of Portfolio Luxembourg Sweden Ireland 6.54 United Kingdom 6.12 Germany 2.64 Total Investments Cash and Other /(Liabilities) 2.35 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 590 EUR 101,185,405 1,846, USD 38,949, , ,793, USD 78,036,327 (987,114) (0.02) 215 USD 217,948,956 (2,837,839) (0.06) (3,824,953) (0.08) (1,031,319) (0.02) 12

15 AMREGO I SICAV - Trygghet 85 S Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I BlackRock Emerging Europe Fund - Class A2 EUR Carnegie Swedish Small Cap Sub-Fund - sub-class 1A JPMorgan Japan Equity Fund - JPM Japan Equity C (acc) - USD JPMorgan Latin America Equity Fund - JPM Latin America Equity I (acc) - USD JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD Morgan Stanley US Advantage Fund - Share Class Z Schroder ISF European Special Situations - Class A Acc Schroder ISF Frontier Markets Equity - Class A Acc T. Rowe US Smaller Companies Equity Fund - Class I Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) UBS (Lux) European Opportunity Unconstrained (EUR) Fund - Anteilsklasse I-A1-acc Sweden Carnegie Sverigefond Handelsbanken Kortränta Criteria Fund - (A1) Lannebo Likviditetsfond - Share class: A Simplicity Likviditet Fund Skandia Nordamerika Exponering Fund Skandia Sverige Exponering Fund - A Spiltan Räntefond Sverige United Kingdom First State Stewart Investors Asia Pacific Leaders Fund - Class B (Accumulation) EUR Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity Market Value 469,512 42,335, EUR 13,456 12,347, ,056 43,154, USD 349,617 42,774, USD 88,529 11,504, , ,297, USD 36,391 51,371, USD 166,464 93,646, EUR 27,489 42,908, USD 8,468 10,064, USD 140,991 62,947, EUR 100,872 36,035, EUR 64,493 79,703, ,092, ,214 82,142, ,120, ,102, , ,742, ,582, ,100, ,337 93,337, ,499 85,070, ,774, ,291, ,786, EUR 4,890,871 91,299, ,299, ,620,178, EUR 70,000 24,163, ,163, USD 30,000 9,413, USD 70,000 23,157, USD 80,000 34,905, USD 120,000 46,522, ,999, ,000 30,564, ,564, ,727, ,788,906, Total Investments Cash Other /(Liabilities) Total Net 1,788,906, ,105, (2,758,514) (0.15) 1,841,252,

16 AMREGO I SICAV - Trygghet 85 S Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Luxembourg Ireland 6.19 United Kingdom 4.96 Germany 1.32 Total Investments Cash and Other /(Liabilities) 2.84 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 180 EUR 30,870, , USD 12,983, , , USD 23,410,898 (296,134) (0.02) 70 USD 70,960,125 (923,947) (0.05) (1,220,081) (0.07) (341,021) (0.02) 14

17 AMREGO I SICAV - Trygghet 90 S Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I BlackRock Emerging Europe Fund - Class A2 EUR Carnegie Swedish Small Cap Sub-Fund - sub-class 1A JPMorgan Japan Equity Fund - JPM Japan Equity C (acc) - USD JPMorgan Latin America Equity Fund - JPM Latin America Equity I (acc) - USD JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD Morgan Stanley US Advantage Fund - Share Class Z Schroder ISF European Special Situations - Class A Acc Schroder ISF Frontier Markets Equity - Class A Acc T. Rowe US Smaller Companies Equity Fund - Class I Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) UBS (Lux) European Opportunity Unconstrained (EUR) Fund - Anteilsklasse I-A1-acc Sweden Carnegie Sverigefond Handelsbanken Kortränta Criteria Fund - (A1) Lannebo Likviditetsfond - Share class: A Simplicity Likviditet Fund Skandia Nordamerika Exponering Fund Skandia Sverige Exponering Fund - A Spiltan Räntefond Sverige United Kingdom First State Stewart Investors Asia Pacific Leaders Fund - Class B (Accumulation) EUR Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Total Investments Cash Other /(Liabilities) Total Net Currency Quantity Market Value 105,907 9,549, EUR 2,332 2,139, ,173 9,002, USD 91,431 11,186, USD 14,741 1,915, ,709, USD 6,023 8,502, USD 34,145 19,208, EUR 6,322 9,869, USD 1,867 2,219, USD 36,720 16,394, EUR 15,782 5,637, EUR 14,931 18,453, ,788, ,458 12,732, ,948 46,910, ,866 73,609, ,120 92,083, ,960 18,521, ,368 22,208, , ,417, ,482, EUR 1,143,317 21,342, ,342, ,613, EUR 22,000 7,594, ,594, USD 8,000 2,510, USD 18,000 5,954, USD 15,000 6,544, USD 28,500 11,049, ,059, ,000 8,490, ,490, ,143, ,757, ,757, ,339, (1,820,892) (0.29) 635,275,

18 AMREGO I SICAV - Trygghet 90 S Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Luxembourg Ireland 4.10 United Kingdom 3.36 Germany 1.20 Total Investments Cash and Other /(Liabilities) 2.44 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 45 EUR 7,717, , USD 1,731,072 42, , USD 6,633,088 (83,905) (0.01) 17 USD 17,233,173 (224,387) (0.04) (308,292) (0.05) (125,398) (0.02) 16

19 AMREGO I SICAV - Tillväxt 75 Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Ireland Legg Mason QS MV Asia Pacific ex Japan Equity Growth and Income Fund Premier - Class US$ Accumulating Luxembourg Fidelity Greater China Fund - Y-ACC-USD Franklin India Fund - Class I (acc) USD Handelsbanken Russia Fund - Shares A - Invesco Greater China Equity Fund - Class A accumulation - USD JPMorgan Emerging Markets Small Cap Fund - JPM Emerging Markets Small Cap I (perf) (acc) - USD UBS (Lux) China Opportunity (USD) Fund - class I-A1-acc Sweden Handelsbanken Latinamerikafond - (A1 ) Lannebo Likviditetsfond - Share class: A Swedbank Robur Penningmarknadsfond - Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Ireland Vanguard FTSE Emerging Markets Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity Market Value USD 92,752 82,132, ,132, USD 653,309 95,668, USD 147,884 45,052, ,940 72,375, USD 241, ,270, USD 37,071 38,073, USD 91,879 98,449, ,889, ,419 53,635, ,923 60,623, ,724 29,967, ,226, ,248, USD 205,000 89,446, ,446, ,446, ,694, Total Investments Cash Other /(Liabilities) Total Net 765,694, ,506, (1,540,920) (0.19) 797,660, Geographic Allocation of Portfolio Luxembourg Ireland Sweden Total Investments Cash and Other /(Liabilities) 4.01 Total Financial Futures Contracts Security Description MSCI Emerging Markets Mini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 105 USD 40,969,072 (518,235) (0.06) (518,235) (0.06) (518,235) (0.06) 17

20 AMREGO I SICAV - Trygghet 75 Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I BlackRock Asian Dragon Fund - Class A2 USD BlackRock Emerging Europe Fund - Class A2 EUR Franklin Templeton Asian Smaller Companies Fund - Class I (acc) USD Henderson Japanese Smaller Companies Fund - Class I2 JPY JPMorgan Emerging Markets Small Cap Fund - JPM Emerging Markets Small Cap I (perf) (acc) - USD JPMorgan Europe Strategic Growth Fund - JPM Europe Strategic Growth I (acc) - EUR JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD Jupiter European Growth - Class I EUR Acc Schroder ISF Japanese Opportunities - Class A Acc Schroder ISF US Small & Mid Cap Equity - Class A1 Acc EUR Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) Sweden Carnegie Småbolagsfond Handelsbanken Kortränta Criteria Fund - (A1) Handelsbanken Latinamerikafond - (A1 ) Handelsbanken MSCI USA Index Fund - (A1 ) Handelsbanken Sverigefond Index - Aclwmulerande Lannebo Likviditetsfond - Share class: A Lannebo Sverige Plus Fund - Share class: Öhman Sweden Micro Cap Fund Spiltan Räntefond Sverige SPP Aktiefond USA Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity Market Value 2,377, ,374, USD 1,611, ,158, EUR 99,331 91,145, USD 439, ,120, JPY 199,234 82,304, USD 153, ,855, EUR 447, ,919, , ,597, USD 298, ,509, EUR 1,553, ,372, JPY 1,777, ,402, EUR 165, ,330, EUR 716, ,106, ,710,199, , ,161, ,893, ,337, ,379 77,501, ,694, ,922, , ,770, ,141 84,923, ,140, ,773, , ,619, ,886, ,548, ,364, ,142, ,649,700, ,359,900, EUR 246,000 84,918, ,918, USD 265,000 83,155, USD 550, ,950, USD 426, ,873, USD 901, ,309, ,288, ,551, ,359, ,359, ,148,567, ,508,467, Total Investments Cash Other /(Liabilities) Total Net 8,508,467, ,136, ,140, ,806,744,

21 AMREGO I SICAV - Trygghet 75 Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Luxembourg Ireland 9.09 Germany 0.96 Total Investments Cash and Other /(Liabilities) 3.39 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 1,461 EUR 250,562,502 4,571, USD 96,940,010 2,358, ,929, USD 175,581,737 (2,221,006) (0.02) 508 USD 514,967,766 (6,705,219) (0.08) (8,926,225) (0.10) (1,996,499) (0.02) 19

22 AMREGO I SICAV - Trygghet 80 Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I BlackRock Asian Dragon Fund - Class A2 USD BlackRock Emerging Europe Fund - Class A2 EUR Franklin Templeton Asian Smaller Companies Fund - Class I (acc) USD Henderson Japanese Smaller Companies Fund - Class I2 JPY JPMorgan Emerging Markets Small Cap Fund - JPM Emerging Markets Small Cap I (perf) (acc) - USD JPMorgan Europe Strategic Growth Fund - JPM Europe Strategic Growth I (acc) - EUR JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD Jupiter European Growth - Class I EUR Acc Schroder ISF Japanese Opportunities - Class A Acc Schroder ISF US Small & Mid Cap Equity - Class A1 Acc EUR Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) Sweden Carnegie Småbolagsfond Handelsbanken Kortränta Criteria Fund - (A1) Handelsbanken Latinamerikafond - (A1 ) Handelsbanken MSCI USA Index Fund - (A1 ) Handelsbanken Sverigefond Index - Aclwmulerande Lannebo Likviditetsfond - Share class: A Lannebo Sverige Plus Fund - Share class: Öhman Sweden Micro Cap Fund Spiltan Räntefond Sverige SPP Aktiefond USA SPP Penningmarknadsfond Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity Market Value 2,197, ,160, USD 1,069, ,543, EUR 63,153 57,949, USD 256,905 94,807, JPY 140,466 58,027, USD 103, ,317, EUR 300, ,923, , ,099, USD 204, ,059, EUR 1,053, ,319, JPY 1,255, ,815, EUR 117, ,392, EUR 458, ,685, ,679,100, , ,770, ,835, ,268, ,010 54,052, ,888, ,290, , ,195, ,108, ,320, ,578, ,757, , ,826, ,034 51,195, ,457, ,088, ,294, ,336, ,321,103, ,000,203, EUR 320, ,463, ,463, USD 150,000 47,069, USD 340, ,478, USD 250, ,080, USD 580, ,860, ,488, , ,330, ,330, ,282, ,748,486, Total Investments Cash Other /(Liabilities) Total Net 6,748,486, ,056, (2,534,217) (0.03) 6,898,008,

23 AMREGO I SICAV - Trygghet 80 Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Luxembourg Ireland 7.16 Germany 1.60 Total Investments Cash and Other /(Liabilities) 2.17 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 800 EUR 137,200,549 2,503, USD 60,587,506 1,473, ,977, USD 105,349,042 (1,332,604) (0.02) 320 USD 324,389,144 (4,223,760) (0.06) (5,556,364) (0.08) (1,579,244) (0.02) 21

24 AMREGO I SICAV - Trygghet 85 Schedule of Investments Investments Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I BlackRock Asian Dragon Fund - Class A2 USD BlackRock Emerging Europe Fund - Class A2 EUR Franklin Templeton Asian Smaller Companies Fund - Class I (acc) USD Henderson Japanese Smaller Companies Fund - Class I2 JPY JPMorgan Emerging Markets Small Cap Fund - JPM Emerging Markets Small Cap I (perf) (acc) - USD JPMorgan Europe Strategic Growth Fund - JPM Europe Strategic Growth I (acc) - EUR JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD Jupiter European Growth - Class I EUR Acc Schroder ISF Japanese Opportunities - Class A Acc Schroder ISF US Small & Mid Cap Equity - Class A1 Acc EUR Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) Sweden Carnegie Småbolagsfond Handelsbanken Kortränta Criteria Fund - (A1) Handelsbanken Latinamerikafond - (A1 ) Handelsbanken MSCI USA Index Fund - (A1 ) Handelsbanken Sverigefond Index - Aclwmulerande Lannebo Likviditetsfond - Share class: A Lannebo Sverige Plus Fund - Share class: Öhman Sweden Micro Cap Fund Spiltan Räntefond Sverige SPP Aktiefond USA SPP Penningmarknadsfond Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Currency Quantity Market Value 474,503 42,785, USD 319,764 95,880, EUR 18,715 17,172, USD 75,571 27,888, JPY 34,016 14,052, USD 31,608 32,463, EUR 74,462 70,567, , ,799, USD 46,512 65,659, EUR 284,023 95,493, JPY 355,972 46,736, EUR 34,833 84,472, EUR 119,983 42,862, ,832, ,805 49,288, ,548, ,827, ,470 15,603, , ,173, ,254 79,726, ,633, ,136, ,474, ,659, ,324 30,138, ,582, ,393, , ,197, ,072, ,203, ,452,349, ,220,182, EUR 100,000 34,519, ,519, USD 50,000 15,689, USD 95,000 31,427, USD 83,000 36,214, USD 255,000 98,861, ,193, ,000 33,960, ,960, ,673, ,470,855, Total Investments Cash Other /(Liabilities) Total Net 2,470,855, ,454, (3,751,021) (0.15) 2,518,558,

25 AMREGO I SICAV - Trygghet 85 Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Luxembourg Ireland 7.24 Germany 1.37 Total Investments Cash and Other /(Liabilities) 1.89 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 210 EUR 36,015, , USD 12,983, , , USD 29,263,623 (370,168) (0.01) 90 USD 91,234,447 (1,187,932) (0.05) (1,558,100) (0.06) (585,168) (0.02) 23

26 AMREGO I SICAV - Trygghet 90 Schedule of Investments Ireland ishares Core MSCI Japan IMI Fund - USD (Acc) Share Class SPDR Russell 2000 U.S. Small Cap Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Sweden XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Market Value Investments Currency Quantity Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS (except Exchange Traded Funds) Luxembourg Ballista Absolute Return Fund - share class I 150,859 13,602, BlackRock Asian Dragon Fund - Class A2 USD USD 80,275 24,070, BlackRock Emerging Europe Fund - Class A2 EUR EUR 5,017 4,603, Franklin Templeton Asian Smaller Companies Fund - Class I (acc) USD USD 24,004 8,858, Henderson Japanese Smaller Companies Fund - Class I2 JPY JPY 9,992 4,127, JPMorgan Emerging Markets Small Cap Fund - JPM Emerging Markets Small Cap I (perf) (acc) - USD USD 8,625 8,858, JPMorgan Europe Strategic Growth Fund - JPM Europe Strategic Growth I (acc) - EUR EUR 18,213 17,260, JPMorgan Managed Reserves Fund - JPM Managed Reserves Fund I (acc) - (hedged) 1, ,477, JPMorgan US Smaller Companies Fund - JPM US Smaller Companies C (acc) - USD USD 15,178 21,426, Jupiter European Growth - Class I EUR Acc EUR 65,796 22,121, Schroder ISF Japanese Opportunities - Class A Acc JPY 99,362 13,045, Schroder ISF US Small & Mid Cap Equity - Class A1 Acc EUR EUR 7,765 18,831, Threadneedle (Lux) Pan European Small Cap Opportunities Fund - Class AE (EUR Accumulation Shares) Sweden Carnegie Småbolagsfond Handelsbanken Kortränta Criteria Fund - (A1) Handelsbanken Latinamerikafond - (A1 ) Handelsbanken MSCI USA Index Fund - (A1 ) Handelsbanken Sverigefond Index - Aclwmulerande Lannebo Likviditetsfond - Share class: A Lannebo Sverige Plus Fund - Share class: Öhman Sweden Micro Cap Fund Spiltan Räntefond Sverige SPP Aktiefond USA SPP Penningmarknadsfond Total Collective Investment Schemes - UCITS (except Exchange Traded Funds) Exchange Traded Funds Germany ishares STOXX Europe 600 Fund (DE) EUR 34,738 12,409, ,695, ,524 6,954, ,964 73,139, ,630 3,051, ,535 41,262, ,585 24,973, ,253, ,823, ,035,045 42,799, ,139 14,220, ,440, ,542, ,526 34,455, , ,761, ,983, ,679, EUR 35,000 12,081, ,081, USD 20,000 6,275, USD 30,000 9,924, USD 25,000 10,908, USD 50,000 19,384, ,493, ,000 8,490, ,490, ,065, ,031,744, Total Investments Cash Other /(Liabilities) Total Net 1,031,744, ,007, (1,011,571) (0.09) 1,062,739,

27 AMREGO I SICAV - Trygghet 90 Schedule of Investments (continued) Geographic Allocation of Portfolio Sweden Luxembourg Ireland 4.37 Germany 1.14 Total Investments Cash and Other /(Liabilities) 2.92 Total Financial Futures Contracts Security Description STOXX Europe 600 Index, 17/03/2017 USD Denominated Nikkei 225 Index, 09/03/2017 Total Unrealised Gain on Financial Futures Contracts MSCI Emerging Markets Mini Index, 17/03/2017 S&P 500 Emini Index, 17/03/2017 Total Unrealised Loss on Financial Futures Contracts Net Unrealised Loss on Financial Futures Contracts Number of Contracts Global Exposure Unrealised Gain/(Loss) Currency 70 EUR 12,005, , USD 1,731,071 42, , USD 9,754,541 (123,389) (0.01) 25 USD 25,342,902 (329,981) (0.03) (453,370) (0.04) (192,226) (0.02) 25