Raiffeisen 337 Strategic Allocation Master I. Semi-annual fund report 2013

Transcription

1 Raiffeisen 337 Strategic Allocation Master I Semi-annual fund report 2013

2 Table of contents General fund information... 3 Fund characteristics... 3 Legal notice... 4 Fund details... 5 Units in circulation... 5 Fund investment policy report... 6 Makeup of fund assets in EUR... 7 Portfolio of investments in EUR... 8 Semi-annual fund report: 1 April September

3 Semi-annual fund report from 1 April 2013 to 30 September 2013 is a mixed fund of funds under the Austrian Investment Fund Act. It pursues an investment goal of moderate capital growth and mainly invests (at least 51 % of its fund assets) in equity and/or bond funds. The fund may also invest in securities, in bonds and money market instruments issued by countries, supranational issuers and/or companies etc., in other investment funds and in sight deposits and deposits at notice. Within the framework of the investment strategy, the derivative instruments have a significant impact on the fund s performance. Units in investment funds are mainly selected on the basis of these funds performance to date, their risk management and the quality of the investment process. The fund is actively managed and is not limited by means of a benchmark. The fund may invest more than 35 % of its fund assets in securities/money market instruments issued by the following issuers: Austria, Germany, Belgium, Finland, France, Netherlands. General fund information Tranche Fund currency Tranche currency Launch date ISIN ISIN income-distributing (R) (A) EUR EUR 1/9/2011 AT0000A0QRP8 ISIN income-retaining (I) (T) EUR EUR 4/4/2008 AT0000A090G0 ISIN income-retaining (R) (T) EUR EUR 1/9/2011 AT0000A0QRQ6 ISIN full income-retaining (outside Austria) (I) (VTA) EUR EUR 1/9/2011 AT0000A0QRR4 ISIN full income-retaining (outside Austria) (R) (VTA) EUR EUR 3/2/2011 AT0000A0LHU0 Fund characteristics Financial year: 1 April 31 March Distribution/payment/reinvestment date: 15 June EU directive compliance: EU directive-compliant jointly owned fund under the 2011 Austrian Investment Fund Act (InvFG), as amended Max. management fee for the fund: I tranche: 1.00 % R tranche: 2.00 % Max. management fee for subfunds: 2.00 % (excluding any performance-related fee) Custodian bank: Raiffeisen Bank International AG Management company: Raiffeisen Kapitalanlage-Gesellschaft m.b.h. Schwarzenbergplatz 3, A-1010 Vienna Tel , Fax Companies register number: w Fund management: Raiffeisen Kapitalanlage-Gesellschaft m.b.h. Auditor: KPMG Austria AG Semi-annual fund report: 1 April September

4 Legal notice All data and information has been compiled and checked with the greatest care. No liability or guarantee can be assumed for the recentness, correctness and completeness of the information provided. We consider the sources used to be reliable. The software used performs calculations on the basis of more than the two decimal places displayed. Minor discrepancies cannot be ruled out due to further calculations using published results. The value of a unit is calculated by dividing the entire value of the investment fund inclusive of its income by the number of units. The total value of the investment fund is calculated on the basis of the current market prices of the securities, money market instruments and subscription rights in the fund plus the value of the fund s financial investments, cash holdings, credit balances, receivables and other rights net of its payables. That value will be calculated by the custodian bank. The net assets are calculated in accordance with the following principles: a) In principle, the value of assets quoted or traded on a stock market or on another regulated market will be determined on the basis of the most recently available price. b) Where an asset is not quoted or traded on a stock market or another regulated market or where the price for an asset quoted or traded on a stock market or another regulated market does not appropriately reflect its actual market value, the prices provided by reliable data providers or, alternatively, market prices for equivalent securities or other recognized valuation methods shall be used. Semi-annual fund report: 1 April September

5 Dear unitholder, Raiffeisen Kapitalanlage-Gesellschaft m.b.h. is pleased to present its semi-annual fund report for Raiffeisen 337 Strategic Allocation Master I for the period from 1 April 2013 to 30 September Fund details 31/3/ /9/2013 Fund assets in EUR 239,179, ,546, Net asset value/unit (R) (A) EUR Issue price/unit (R) (A) EUR Net asset value/unit (I) (T) EUR Issue price/unit (I) (T) EUR Net asset value/unit (R) (T) EUR Issue price/unit (R) (T) EUR Net asset value/unit (I) (VTA) EUR Issue price/unit (I) (VTA) EUR Net asset value/unit (R) (VTA) EUR Issue price/unit (R) (VTA) EUR Units in circulation AT0000A0QRP8 (R) A AT0000A090G0 (I) T AT0000A0QRQ6 (R) T Units in circulation on 31/3/2013 1, , , Sales , , Repurchases , , Units in circulation 1, , , AT0000A0QRR4 (I) VTA AT0000A0LHU0 (R) VTA Units in circulation on 31/3/ , , Sales 40, , Repurchases - 229, , Units in circulation 83, , Total units in circulation on 30/9/2013 1,200, Semi-annual fund report: 1 April September

6 Fund investment policy report The only significant change to the fund s strategic orientation was implemented in June 2013, in two steps: In mid-june the fund sold European high-yield bonds and emerging markets corporate bonds and increased its holdings of Italian government bond futures and its position in diversified inflation strategies. On June 24, 2013 the fund purchased further Italian government bond futures. Semi-annual fund report: 1 April September

7 Makeup of fund assets in EUR Securities Market value % Investment certificates: EUR 108,145, USD 12,005, Total investment certificates 120,150, Exchange traded funds: EUR 30,176, Bonds: AUD 5,808, Total securities 156,136, Derivative products Valuation of financial futures 1,063, Bank balances Bank balances in fund currency 4,764, Bank liabilities in foreign currency - 1,344, Fixed-term deposits in fund currency 10,000, Total bank balances 13,420, Accruals and deferrals Interest claims (on securities and bank balances) 122, Portfolio commission 17, Total accruals and deferrals 140, Other items Various fees - 213, Total fund assets 170,546, Semi-annual fund report: 1 April September

8 Portfolio of investments in EUR Dates indicated for securities refer to the issue and redemption dates. An issuer s right of premature redemption (where applicable) is not specified. The securities marked with a "Y" have an open-ended maturity. ISIN SECURITY TITLE VOLUME PURCHASES SALES PRICE MARKET VALUE % SHARE 30/9/2013 ADDITIONS DISPOSALS IN EUR OF FUND UNITS/NOM. IN PERIOD UNDER REVIEW ASSETS UNITS/NOM. INVESTMENT CERTIFICATES IN EURO FOR OTHER ORGANIZED MARKETS LU BGF-WORLD MNG A2 EO HD. 143, , AT0000A0T7S0 DURA1_1 (T) 210, , ,802, LI LGT-LGT B.F.G.INF.LIN.I1 11,464 2,600 3,086 1, ,154, AT PIA EURO CORPOR.BOND (T) 76,333 2, ,698, AT0000A10030 R 264-FONDS (T) 21,523 28,577 7, ,062, AT0000A02YY1 RAIFFEISEN EURO CORPORATES (T) 123,892 13, ,611, AT0000A0K0F1 RAIFFEISEN EURO CORE GOV. BONDS (T) 105, ,291, AT RAIFFEISEN EURO INFLATION LINKED (T) 29,085 34, ,689, AT RAIFFEISEN EMERGINGMARKETS EQUITIES (R) (T) 12,233 1,610 4, ,721, AT0000A0FXL8 RAIFFEISEN-EMERGINGMARKETS-LOCALBONDS (R) (T) 11, ,274, AT0000A0JQU5 RAIFFEISEN-INFLATION-SHIELD (T) 196,842 10, ,804, AT0000A07FR3 RAIFFEISEN RUSSIA EQUITIES (R) (T) 43,971 13,028 28, ,385, LU ROBECO EMERG.MKTS EQ.D EO 15,131 9, ,017, INVESTMENT CERTIFICATES IN US DOLLARS FOR OTHER ORGANIZED MARKETS LU ABERD.GL-EME.MKTS EQ.A-2 45,125 45, ,175, LU BGF-WORLD GOLD NAM.A2 45,231 16, ,030, CH FALCON GOLD EQUI.FD A 21,756 5,641 3, ,528, LU FID.FDS-GL.R.A.SEC.AA DL 60, , , LU MSI-GLOBAL BRANDS NAM.A 18,375 40, ,151, LU PICTET-EM.LOC.CUR.D. I 17,002 3, ,419, EXCHANGE TRADED FUNDS IN EURO DE000ETFL201 DK DB EUROG.GERMANY , ,276 13, ,053, DE ISH. EB.R.GOV.GER ,061 99, ,123, BONDS IN AUSTRALIAN DOLLARS AU3TB AUSTRALIA ,860, ,999, AU0000XCLWM AUSTRALIA ,780, ,392, AU3TB AUSTRALIA ,800, ,417, TOTAL SECURITIES PORTFOLIO EUR 156,136, FINANCIAL FUTURES IN AUSTRALIAN DOLLARS FTCB YR CMWHT TREASURY BOND FUTURE AS OF 16/12/ , FTCB YR CMWHT TREASURY BOND FUTURE AS OF 16/12/ , FINANCIAL FUTURES IN CANADIAN DOLLARS FSXF S&P CANADA 60 INDEX FUTURE AS OF 19/12/ , FINANCIAL FUTURES IN SWISS FRANCS FSMI SWISS MARKET INDEX FUTURE AS OF 20/12/ , , FINANCIAL FUTURES IN EURO FGBL BUND FUTURE AS OF 6/12/ , FDAX DEUTSCHER AKTIEN INDEX FUTURE AS OF 20/12/ , , FESX DJ EURX E-STXX50 FUTURE AS OF 20/12/ , , FBTP EURO-BTP-FUTURE AS OF 6/12/ , FOAT EURO-OAT FUTURE AS OF 6/12/ , FINANCIAL FUTURES IN BRITISH POUNDS FTSE FT-SE 100 INDEX FUTURE AS OF 20/12/ , , Semi-annual fund report: 1 April September

9 ISIN SECURITY TITLE VOLUME PURCHASES SALES PRICE MARKET VALUE % SHARE 30/9/2013 ADDITIONS DISPOSALS IN EUR OF FUND IN PERIOD UNDER REVIEW ASSETS FINANCIAL FUTURES IN JAPANESE YEN FTSP TOKYO STOCK PRICE INDEX FUTURE AS OF 12/12/ , , FINANCIAL FUTURES IN US DOLLARS FAUK AUSTRALIAN DOLLAR FX FUTURE AS OF 16/12/ , FCCO DJ UBS COMMODITY FUTURE AS OF 26/12/ , FCPR DJ UBS PRECIOUS METALS FUTURE AS OF 26/12/ , FEC EURO FX FUTURE AS OF 16/12/ , FES MINI S&P 500 FUTURE AS OF 20/12/ , , TOTAL FINANCIAL FUTURES 1 EUR 1,063, BANK BALANCES EUR BALANCES EUR 4,764, BALANCES IN OTHER EU CURRENCIES GBP EUR 182, LIABILITIES IN NON-EU CURRENCIES AUD EUR -1,087, CAD EUR 23, CHF EUR -84, JPY EUR 121, USD EUR -500, FIXED-TERM DEPOSITS EUR EUR 10,000, EUR 13,420, ACCRUALS AND DEFERRALS INTEREST CLAIMS EUR 122, PORTFOLIO COMMISSION EUR 17, EUR 140, OTHER ITEMS VARIOUS FEES EUR -213, TOTAL FUND ASSETS EUR 170,546, NET ASSET VALUE PER UNIT TRANCHE R INCOME-DISTRIBUTING EUR TRANCHE I INCOME-RETAINING EUR TRANCHE R INCOME-RETAINING EUR TRANCHE I FULL INCOME-RETAINING EUR TRANCHE R FULL INCOME-RETAINING EUR UNITS IN CIRCULATION TRANCHE R INCOME-DISTRIBUTING UNITS 1, TRANCHE I INCOME-RETAINING UNITS 260, TRANCHE R INCOME-RETAINING UNITS 15, TRANCHE I FULL INCOME-RETAINING UNITS 83, TRANCHE R FULL INCOME-RETAINING UNITS 838, EXCHANGE RATES FOREIGN CURRENCY ASSETS WERE CONVERTED INTO EUR ON THE BASIS OF THE EXCHANGE RATES APPLICABLE ON 27/9/2013: CURRENCY UNIT PRICE AUSTRALIAN DOLLAR 1 EUR = AUD CANADIAN DOLLAR 1 EUR = CAD SWISS FRANC 1 EUR = CHF BRITISH POUND 1 EUR = GBP JAPANESE YEN 1 EUR = JPY US DOLLAR 1 EUR = USD 1 Price gains and losses as of cut-off date. Semi-annual fund report: 1 April September

10 FUTURES EXCHANGE KEY: CODE CME EUREX LIFFE ME SFE TSE STOCK EXCHANGE CHICAGO MERCANTILE EXCHANGE EUROPEAN EXCHANGE NYSE EURONEXT LIFFE MONTREAL EXCHANGE SYDNEY FUTURES EXCHANGE TOKYO STOCK EXCHANGE SECURITIES PURCHASES AND SALES DURING THE PERIOD UNDER REVIEW NOT LISTED UNDER THE PORTFOLIO OF ASSETS: ISIN SECURITY TITLE PURCHASES SALES ADDITIONS DISPOSALS UNITS/NOM. INVESTMENT CERTIFICATES IN EURO FOR OTHER ORGANIZED MARKETS LU B.FDS-B.E.M.I.G.C.B.I-EO 6,436 AT DURA11_1 (T) 8,000 LU FISCH U.-FISCH BD V.I.GHB 31,582 DE LBBW RENTAMAX R 129,571 DE000A1C6919 METZLER AKT.DEUTSCHLAN.AI 88,252 AT RAIFFEISEN EURO EQUITIES (T) 74,062 AT RAIFFEISEN EUROPEAN HIGHYIELD (R) (T) 13,437 AT RAIFFEISEN GLOBAL EQUITIES (R) (T) 28,393 AT RAIFFEISEN PACIFIC EQUITIES (R) (T) 42,610 GB00B42R2118 THREADN.-EU.H.Y.BD RGA EO 1,307,596 INVESTMENT CERTIFICATES IN JAPANESE YEN FOR OTHER ORGANIZED MARKETS LU INV.FDS-JAP.VALUE EQ.AYNC 379,483 INVESTMENT CERTIFICATES IN US DOLLARS FOR OTHER ORGANIZED MARKETS IE ALL.US EQU.C2 USD 100,687 BONDS IN SWISS FRANCS CH EIDGENOSSENSCHAFT ,300,000 Raiffeisen Kapitalanlage-Gesellschaft m.b.h. complies with the code of conduct for the Austrian investment fund industry Vienna, 17 October 2013 Semi-annual fund report: 1 April September