Amundi Money Market Fund SICAV with sub-funds under Luxembourg law Unaudited semi-annual report as at 30/06/12
Amundi Money Market Fund Unaudited semi-annual report R.C.S. Luxembourg B 156.478 For the period from 01/01/12 to 30/06/12 Subscriptions are only valid if made on the basis of the current prospectus accompanied by the key investor information document, the latest annual report and the latest semi-annual report if published after the annual report.
Table of Contents Page Organisation 4 Securities Portfolio as at 30/06/12 Amundi Money Market Fund - Short Term (EUR) Amundi Money Market Fund - Short Term (USD) 6 8 Statement of Net Assets as at 30/06/12 10 Financial Details 11 Statement of Operations and Changes in Net Assets for the period from 01/01/12 to 30/06/12 14 General Information 15 3
Organisation DENOMINATION AND REGISTERED OFFICE Amundi Money Market Fund 5, Allée Scheffer L - 2520 Luxembourg MANAGEMENT COMPANY Amundi Luxembourg S.A. 5, Allée Scheffer L - 2520 Luxembourg BOARD OF DIRECTORS Chairman Laurent BERTIAU Deputy Head of Institutional and Third party Distribution Amundi 90, Boulevard Pasteur F - 75015 Paris, France Managing Directors Giorgio GRETTER General Manager Amundi Luxembourg 5, Allée Scheffer L - 2520 Luxembourg Guillaume ABEL Head of Marketing and Business Development of Institutional and Third party Distribution Amundi 90, Boulevard Pasteur F - 75015 Paris, France Directors Christine MOSER Head of Sales France Amundi 90, Boulevard Pasteur F - 75015 Paris, France Thierry DARMON Deputy Head of Euro Fixed Income and Credit, Amundi 90, Boulevard Pasteur F - 75015 Paris, France GENERAL MANAGERS Giorgio GRETTER General Manager Amundi Luxembourg 5, Allée Scheffer L - 2520 Luxembourg Guillaume ABEL Head of Marketing and Business Development of Institutional and Third party Distribution Amundi 90, Boulevard Pasteur F - 75015 Paris, France CUSTODIAN CACEIS Bank Luxembourg 5, Allée Scheffer L - 2520 Luxembourg ADMINISTRATIVE AGENT, REGISTRAR AGENT AND PAYING AGENT CACEIS Bank Luxembourg 5, Allée Scheffer L - 2520 Luxembourg INVESTMENT MANAGERS Amundi acting through its : Main establishment : 90, Boulevard Pasteur F - 75015 Paris, France or its London Branch : 41, Lothbury London EC2R 7HF, United Kingdom 4
Organisation AUDITOR OF THE FUND PricewaterhouseCoopers, Société coopérative 400, Route d Esch L - 1471 Luxembourg 5
Short Term (EUR) Securities Portfolio as at 30/06/12 % of NAV Market Value Quantity % of NAV Market Value Quantity Transferable securities admitted to an official stock 1,721,557,786.86 32.64 exchange listing and/or dealt in on another regulated market Bonds 1,401,479,966.26 26.57 50,000,000 EDF -12 09/08U 49,955,317.75 0.95 60,000,000 EDF -12 13/08U 59,967,467.65 1.14 50,000,000 ELECT.DE FRANCE -12 31/08U 49,957,868.86 0.95 88,000,000 L OREAL -12 20/09U 73,290,911.58 1.38 30,000,000 UNEDIC BTP -12 31/07U 29,886,679.67 0.57 Luxembourg 54,953,505.94 1.04 40,000,000 EFSF TBILL 12-12 09/08U 39,979,049.87 0.76 15,000,000 EFSF TBILL 12-12 18/10U 14,974,456.07 0.28 Sweden 539,673,415.28 10.23 80,000,000 NORDEA BANK -12 08/11U 79,848,996.68 1.51 580,000,000 NORDEA BANK -12 23/07U 65,664,453.20 1.25 615,000,000 NORDEA BANK -12 24/07U 69,626,963.31 1.32 185,000,000 NORDEA BANK -12 29/08U 24,853,376.77 0.47 25,000,000 SBAB STATENSBOSTAD -12 30/08U 24,978,872.04 0.47 25,000,000 STADSHYPOTEK -12 13/09U 24,982,189.78 0.47 50,000,000 SVENSKA HANDELSBANK -12 16/11U 49,886,535.85 0.95 80,000,000 SWEDBANK -12 17/07U 79,923,229.29 1.52 20,000,000 SWEDBANK -12 24/07U 19,980,302.75 0.38 100,000,000 SWEDBANK AB -12 06/09U 99,928,495.61 1.89 United Kingdom 496,472,013.43 9.41 190,000,000 LLOYDS -12 11/09U 189,733,319.29 3.59 20,000,000 LLOYDS TSB BANK -12 08/08U 19,863,427.90 0.38 58,000,000 NATIONWIDE BUILDING -12 11/10U 57,762,164.29 1.10 12,500,000 NATIONWIDE BUILDING -12 13/08U 12,479,422.82 0.24 72,000,000 NATIONWIDE BUILDING -12 18/09U 71,864,953.77 1.35 25,000,000 NATIONWIDE BUILDING -12 20/08U 24,956,278.00 0.47 70,000,000 RBS -12 03/07U 69,885,174.76 1.33 50,000,000 UBS AG -12 14/08U 49,927,272.60 0.95 Floating rate bonds 320,077,820.60 6.07 France 190,000,000.00 3.60 60,000,000 BNP PARIBAS FL.R 11-12 21/12Q 60,000,000.00 1.14 30,000,000 CREDIT DU NORD FL.R 11-12 13/08Q 30,000,000.00 0.57 100,000,000 NATIXIS FL.R 11-12 27/12U 100,000,000.00 1.89 Netherlands 130,077,820.60 2.47 130,000,000 RABOBANK NL FL.R 12-12 09/11Q 130,077,820.60 2.47 Other transferable securities 174,994,000.00 3.32 Floating rate bonds 174,994,000.00 3.32 France 105,000,000.00 1.99 30,000,000 CADES FL.R 11-12 22/11Q 30,000,000.00 0.57 30,000,000 CREDIT DU NORD FL.R 11-12 23/07Q 30,000,000.00 0.57 EUR EUR 45,000,000 CREDIT DU NORD FL.R 12-13 14/06Q 45,000,000.00 0.85 Germany 50,000,000.00 0.95 50,000,000 EAA EMTN FL.R 11-12 21/12Q 50,000,000.00 0.95 Netherlands 19,994,000.00 0.38 Finland 47,322,786.10 0.90 20,000,000 ING BANK FL.R 12-13 03/04Q 19,994,000.00 0.38 17,500,000 OKO BANK -12 10/09U 17,479,694.43 0.33 30,000,000 POHJOLA BANK -12 30/07U 29,843,091.67 0.57 Money market instruments 2,649,210,613.11 50.23 France 263,058,245.51 4.99 Bonds 1,969,210,613.11 37.34 Belgium 345,410,673.73 6.55 27,500,000 BELGACOM GROUP -12 27/07U 27,479,596.40 0.52 40,000,000 FORTIS BANK -12 19/11U 39,815,851.69 0.75 30,000,000 FORTIS BANQUE -12 07/08U 29,792,150.10 0.56 37,000,000 LVMH -12 31/07U 36,954,668.95 0.70 4,500,000 LVMH FINANCE -12 09/07U 4,498,760.34 0.09 76,000,000 LVMH FINANCE -12 16/07U 75,907,898.42 1.44 100,000,000 LVMH FINANCE BELGIQUE -12 05/07U 99,987,001.69 1.90 31,000,000 LVMH FINANCE BELGIQUE -12 19/09U 30,974,746.14 0.59 France 279,854,450.73 5.31 39,000,000 ACOSS -12 19/07U 38,979,308.48 0.74 30,000,000 CADES -12 02/08U 29,929,404.02 0.57 60,000,000 LMA -12 11/07U 59,978,507.70 1.14 30,000,000 LMA -12 16/07U 29,988,271.25 0.57 50,000,000 LMA -12 29/06U 49,982,686.55 0.95 45,036,000 MANAGED ENHANCED -12 10/08U 45,001,348.96 0.85 26,000,000 MANAGED ENHANCED -12 11/07U 25,994,923.77 0.49 Germany 588,484,427.03 11.16 100,000,000 DEKABANK -12 29/08U 99,882,582.47 1.89 49,000,000 EAA ECP -12 25/09U 48,965,275.46 0.93 50,000,000 ERSTE ABWICKLUNGSANSTALT -12 13/09U 49,968,360.31 0.95 30,000,000 FMS WERTMANAGEMENT -12 03/07U 29,978,781.68 0.57 50,000,000 FMS WERTMANAGEMENT -12 10/09U 49,971,294.27 0.95 150,000,000 FMS WERTMANAGEMENT -12 20/08U 149,916,921.05 2.83 80,000,000 LANDESBANK HESSEN THUERINGEN -12 17/08U 79,904,026.39 1.52 30,000,000 LANDESBK HESS.TH. -12 07/08U 29,959,039.34 0.57 50,000,000 LDBK HESSEN-THURINGEN -12 10/07U 49,938,146.06 0.95 Ireland 34,933,936.05 0.66 35,000,000 MATCHPOINT FINANCE -12 10/08U 34,933,936.05 0.66 Luxembourg 49,936,829.91 0.95 50,000,000 BGL -12 14/09U 49,936,829.91 0.95 Netherlands 164,773,048.28 3.12 150,000,000 ABN AMRO BANK -12 24/08U 149,784,269.05 2.84 15,000,000 ABN AMRO NV -12 24/07U 14,988,779.23 0.28 Norway 169,600,832.54 3.22 70,000,000 DNB BANK ASA -12 05/10U 69,909,874.51 1.33 100,000,000 DNB BANK ASA -12 26/11U 99,690,958.03 1.89 Sweden 169,797,782.84 3.22 120,000,000 SVENSKA HANDELSBANK -12 11/07U 119,910,583.34 2.27 50,000,000 SVENSKA HANDELSBANK -12 22/10U 49,887,199.50 0.95 6
Short Term (EUR) Securities Portfolio as at 30/06/12 % of NAV Market Value Quantity EUR United Kingdom 150,427,835.59 2.85 800,000,000 SEB -12 13/07U 90,573,937.29 1.72 60,000,000 STANDARD CHARTERED BK -12 26/11U 59,853,898.30 1.13 United States of America 15,990,796.41 0.30 16,000,000 ZURICH FINANCE USA -12 29/06U 15,990,796.41 0.30 Floating rate bonds 680,000,000.00 12.89 France 300,000,000.00 5.68 200,000,000 BNP PAR (OIS-0.10) FL.R -12 29/06U 200,000,000.00 3.78 50,000,000 CIC (OIS+1.02) FL.R -12 09/08U 50,000,000.00 0.95 50,000,000 CR DU NORD(OIS+0.26) FL.R -12 29/06U 50,000,000.00 0.95 Ireland 100,000,000.00 1.90 50,000,000 GE CAP (OIS+0.00) FL.R -12 25/07U 50,000,000.00 0.95 50,000,000 GE CAP (OIS+0.30) FL.R -12 05/09U 50,000,000.00 0.95 Netherlands 280,000,000.00 5.31 25,000,000 ING BANK (OIS+0.185) FL.R -12 24/08U 25,000,000.00 0.47 90,000,000 ING BANK (OIS+0.275) FL.R -12 11/09U 90,000,000.00 1.71 90,000,000 ING BANK (OIS+1.09) FL.R 12-12 02/07U 90,000,000.00 1.71 75,000,000 RABOBANK (OIS+0.37) FL.R -12 22/10U 75,000,000.00 1.42 Total securities portfolio 4,545,762,399.97 86.19 7
Short Term (USD) Securities Portfolio as at 30/06/12 % of NAV Market Value Quantity % of NAV Market Value Quantity Transferable securities admitted to an official stock 331,142,370.24 28.17 exchange listing and/or dealt in on another regulated market Bonds 321,142,370.24 27.32 Finland 14,939,908.37 1.27 15,000,000 OKO BANK -12 16/08U 14,939,908.37 1.27 France 94,768,119.45 8.06 15,000,000 BNP PAR -12 28/09U 14,929,796.78 1.27 30,000,000 EDF -12 03/08U 29,933,916.67 2.54 15,000,000 GROUPE AUCHAN -12 11/12U 14,942,273.02 1.27 20,000,000 LA BANQUE POSTALE -12 24/07U 19,973,241.41 1.70 15,000,000 SNCF -12 07/08U 14,988,891.57 1.28 Germany 44,971,852.54 3.83 15,000,000 BASF -12 04/09U 14,993,033.34 1.28 10,000,000 BMW AG -12 06/08U 9,989,827.03 0.85 20,000,000 LBK BAD.WUERT -12 14/08U 19,988,992.17 1.70 Luxembourg 29,967,324.53 2.55 10,000,000 BCEE -12 12/09U 9,989,278.18 0.85 20,000,000 BCEE ECP -12 07/09U 19,978,046.35 1.70 Netherlands 74,875,724.09 6.37 23,000,000 BANK OF TOKYO MITSUBISHI -12 17/09U 22,978,999.75 1.96 15,000,000 RABOBANK -12 20/07U 14,948,610.00 1.27 14,000,000 BANK OF TOKYO MITSUBISHI -12 17/09U 13,989,228.29 1.19 15,000,000 RABOBANK NEDERLAND -12 03/10U 14,958,937.72 1.27 10,000,000 EBRD -12 31/07U 9,996,934.27 0.85 20,000,000 SCHLUMBERGER FIN -12 20/07U 19,982,415.47 1.70 23,000,000 SEB -12 27/07U 22,972,127.15 1.95 10,000,000 UNILEVER NV -12 14/08U 9,994,189.49 0.85 15,000,000 SEB -12 28/09U 14,941,516.41 1.27 15,000,000 UNILEVER NV -12 29/08U 14,991,571.41 1.28 10,000,000 STANDARD CHARTERED BK -12 20/07U 9,955,708.16 0.85 Sweden 49,631,695.40 4.22 United States of America 34,743,829.29 2.96 118,000,000 NORDEA BANK -12 29/08U 19,699,014.84 1.68 8,250,000 DU PONT DE NEMOURS -12 11/07U 8,248,061.25 0.70 15,000,000 NORDEA BANK AB -12 07/08U 14,953,883.88 1.27 26,500,000 ZURICH FINANCE USA -12 13/07U 26,495,768.04 2.26 15,000,000 SBAB -12 19/07U 14,978,796.68 1.27 Total securities portfolio 845,691,867.23 71.94 United Kingdom 11,987,745.86 1.02 12,000,000 AVIVA -12 12/09U 11,987,745.86 1.02 Floating rate bonds 10,000,000.00 0.85 Germany 10,000,000.00 0.85 10,000,000 KFW FL.R 11-13 25/01Q 10,000,000.00 0.85 Money market instruments 514,549,496.99 43.77 Bonds 514,549,496.99 43.77 Australia 25,980,045.88 2.21 26,000,000 BANK OF WESTERN AUSTRALIA -12 18/07U 25,980,045.88 2.21 Belgium 19,900,398.51 1.69 20,000,000 FORTIS BANK -12 07/08U 19,900,398.51 1.69 Canada 24,993,308.21 2.13 20,000,000 PROVINCE QUEBEC -12 26/07U 19,996,500.61 1.70 5,000,000 QUEBEC (PROV.OF) -12 14/09U 4,996,807.60 0.43 France 83,854,709.89 7.13 15,000,000 CADES 12-12 23/07U 14,912,033.32 1.27 25,000,000 CAISSE DE DEPOT ET CONS S3217-12 18/07U 24,978,629.39 2.12 USD USD 44,000,000 CAISSE DE DEPOT ET CONS S3246-12 14/08U 43,964,047.18 3.74 Germany 101,949,474.31 8.67 15,000,000 FMS WERTMANAGEMENT -12 11/09U 14,984,380.86 1.27 25,000,000 FMS WERTMANAGEMENT -12 31/08U 24,974,470.54 2.12 12,000,000 KFW -12 14/09U 11,992,858.92 1.02 50,000,000 NRW BANK -12 29/06U 49,997,763.99 4.26 Netherlands 49,880,610.70 4.24 20,000,000 ABN AMRO BANK NV -12 27/12U 19,905,889.38 1.69 30,000,000 DEUTSCHE BAHN -12 31/07U 29,974,721.32 2.55 Norway 14,954,637.60 1.27 15,000,000 DNB NOR BANK -12 20/07U 14,954,637.60 1.27 Singapore 14,992,303.95 1.28 15,000,000 TEMASEK FINANCIAL -12 30/08U 14,992,303.95 1.28 Sweden 30,471,542.70 2.59 10,000,000 AKADEMISKA HUS -12 17/08U 9,990,908.28 0.85 20,500,000 AKADEMISKA HUS -12 18/09U 20,480,634.42 1.74 Switzerland 17,994,121.92 1.53 18,000,000 EUROFIMA BALE -12 05/07U 17,994,121.92 1.53 United Kingdom 94,834,514.03 8.07 8
Statement of Net Assets as at 30/06/12 Short Term (EUR) Short Term (USD) Combined Assets Securities portfolio at market value Acquisition cost Unrealised gain/loss on the securities portfolio Cash at banks and liquidities Reverse repurchase agreements Time deposits Interest receivable Unrealised net appreciation on forward foreign exchange contracts Other assets Liabilities Bank overdrafts Interest payable Dividends payable Unrealised net depreciation on forward foreign exchange contracts Management fees payable Administration fees payable Net asset value 30/06/12 EUR 5,281,844,679.49 4,545,762,399.97 4,543,571,294.54 2,191,105.43 115,300,449.39 564,350,574.03 50,000,000.00 6,428,781.10-2,475.00 7,963,764.78 2,579,463.88 1,682,293.43 750,425.15 2,346,222.15 495,864.38 109,495.79 30/06/12 USD 1,175,663,634.52 845,691,867.23 845,926,377.57-234,510.34 38,970,791.43 159,997,349.45 130,000,000.00 750,788.70 252,837.71-191,974.19-12,630.00 77,733.59-80,074.15 21,536.45 30/06/12 EUR 6,227,938,592.29 5,226,317,538.53 5,224,315,151.03 2,002,387.50 146,661,484.52 693,105,529.05 154,615,134.00 7,032,964.64 203,466.55 2,475.00 8,118,252.52 2,579,463.88 1,692,457.19 812,979.84 2,346,222.15 560,302.59 126,826.86 5,273,880,914.71 1,175,471,660.33 6,219,820,339.78 10
Financial Details Short Term (EUR) Period ending as at: 30/06/12 31/12/11 Total Net Assets EUR 5,273,880,914.71 4,548,569,039.75 IC-Class 601,895,983.19 238,305,494.10 Net asset value per share EUR IV-Class 182,836.42 164,641.52 Net asset value per share EUR 1,012.82 1,010.25 OC-Class 515,606,992.19 15,114,966.28 Net asset value per share EUR OV-Class 1,846,739.95 3,245,658.53 Net asset value per share EUR 1,014.51 1,011.44 PC-Class 53,803,221.44 100,000.00 Net asset value per share EUR PV-Class 100.00 100.00 Net asset value per share EUR 1,009.85 1,007.42 XC-Class 1,128,838,952.90 451,966,647.31 Net asset value per share EUR XV-Class 902,983.29 389,755.87 Net asset value per share EUR 1,013.21 1,010.52 Short Term (USD) Period ending as at: 30/06/12 31/12/11 Total Net Assets USD 1,175,471,660.33 721,069,249.14 IC-Class 120,537,00 100,000.00 Net asset value per share USD IV-Class 140,921.29 1,133.90 Net asset value per share USD 1,002.50 1,001.14 OC-Class 1,000,000.00 1,000,000.00 Net asset value per share USD OV-Class 668,697.34 705,345.80 Net asset value per share USD 1,003.68 1,001.82 ObisC-Class 90,132,439.55 - Net asset value per share USD - ObisV-Class 50.00 - Net asset value per share USD 1,001.54 - PC-Class 50,126,613.18 100,000.00 Net asset value per share USD PV-Class 100.00 100.00 Net asset value per share USD 1,002.21 1,000.97 XC-Class 100,087,810.95 11,000,000.00 Net asset value per share USD 11
Financial Details Short Term (USD) Period ending as at: 30/06/12 31/12/11 XV-Class 1,000.00 1,000.00 Net asset value per share USD 1,002.80 1,001.31 12
Statement of Operations and Changes in Net Assets for the period from 01/01/12 to 30/06/12 Short Term (EUR) Short Term (USD) Combined Income Net bond interest Bank interest on cash accounts Bank interest on time deposits Income on reverse repurchase agreements Interest received on swaps Expenses Management fees Administrative fees Transactions fees Bank interest & similar charges Interest paid on swaps Expenses on repurchase agreements Net realised profit/(loss) from investments Net realised profit/(loss) on securities sold Net realised profit/(loss) on forward foreign exchange contracts Net realised profit/(loss) on swaps Net realised profit/(loss) on foreign exchange Net realised profit/(loss) Net change in unrealised appreciation/(depreciation) on investments Net change in unrealised appreciation/(depreciation) on forward foreign exchange contracts Result of operations Dividend paid Subscriptions Redemptions Increase/(decrease) in net assets Reevaluation of consolidated Net Assets Net assets at the beginning of the period Net assets at the end of the period 30/06/12 EUR 26,487,319.63 16,483,507.63 230,772.87 103,683.54 818,963.49 8,850,392.10 10,928,818.14 808,267.69 625,318.39 17,383.57 1,250.89 9,465,217.82 11,379.78 15,558,501.49 379,587.74-8,643,084.83-33,506.24 6,870,095.50 14,131,593.66-2,011,345.87 2,236,655.15 14,356,902.94-3,413,827.12 6,382,445,279.47-5,668,076,480.33 725,311,874.96-4,548,569,039.75 5,273,880,914.71 30/06/12 USD 1,957,201.01 1,784,394.80 13,301.29 82,886.35 62,624.07 13,994.50 258,843.03 109,102.37 125,389.14 11,551.70 169.82 12,630.00-1,698,357.98 28,176.96 2,823,049.87 - -2,684,530.71 1,865,054.10 1,587,945.59-1,683,808.24 1,769,191.45-301,969.50 1,231,262,650.53-778,327,461.29 30/06/12 EUR 28,062,341.52 17,919,466.87 241,476.84 170,384.82 869,359.07 8,861,653.92 11,137,117.36 896,065.84 726,223.02 26,679.59 1,387.55 9,475,381.58 11,379.78 16,925,224.16 402,262.64-6,371,286.83-33,506.24 4,709,768.27 15,632,462.00-733,475.56 881,641.11 15,780,627.56-3,656,831.58 7,373,281,488.50-6,294,421,339.24 454,402,411.19 1,090,983,945.24-24,808,243.31 721,069,249.14 5,104,028,151.23 1,175,471,660.33 6,219,820,339.78 14
General Information GENERAL Amundi Money Market Fund (the Fund ) is organised as a Société d'investissement à Capital Variable ( SICAV ) under the laws of the Grand Duchy of Luxembourg and created on 29 October 2010. The Fund is submitted to Part I of the law of 20 December 2002 on Undertakings for Collective Investment relating to Undertakings for Collective Investment until 30 June 2011 and under Part I of the law of 17 December 2010 relating to Undertakings for Collective Investment since 1 st July 2011. The Fund is registered under number B 156.478 at the Commercial Register of Luxembourg, where its Articles are available for inspection and a copy thereof may be obtained upon request. The Capital of the Fund is represented by Shares of no par value and shall at any time be equal to the total net assets of the Fund. As at 30 June 2012, the following sub-funds were active: Amundi Money Market Fund - Short Term (EUR) (launched on 23 November 2010) Amundi Money Market Fund - Short Term (USD) (launched on 19 April 2011) CHANGES IN COMPOSITION OF SECURITIES PORTFOLIO The report on the changes in the composition of the portfolio is available upon simple request free of charge from the registered office of the SICAV. EXCHANGE RATE The exchange rate used for the calculation of the combined figures is as follows: 1 EUR = 1.24265 USD SUBSEQUENT EVENTS AS AT 30/06/12 Amundi Money Market Fund - Short Term (GBP) has been launched as at 16 July 2012. Share classes DPV / DPC of Amundi Money Market Fund - Short term (USD) and Short term (EUR) have been launched on the 16 July 2012. 15
LEGAL NOTICES Amundi Money Market Fund Société d'investissement à capital variable R.C.S Luxembourg B 156.478 5, Allée Scheffer - L-2520 Luxembourg Tel. +352 4767 6222 / +352 4767 6667 Fax +352 4767 3781