R CONVICTION EURO. Semi Annual report on 30 June Mutual Fund governed by French law

Transcription

1 R CONVICTION EURO Semi Annual report on 30 June 2016 Mutual Fund governed by French law Management Company: Rothschild & Cie Gestion Custodian: Rothschild & Cie Banque Auditor: Deloitte & Associés The period report is not certified by the Statutory Auditor of the UCITS.

2 R CONVICTION EURO Mutual Fund (Fonds Commun de Placement) Management Company: Rothschild & Cie Gestion 29, avenue de Messine Paris Statutory auditor s certificate on the composition of assets at 30 June 2016

3 Deloitte. Deloitte & Associés 185, avenue Charles de Gaulle Neuilly-sur-Seine Cedex France Telephone: +33 (0) Fax: + 33 (0) STATUTORY AUDITOR S CERTIFICATE on the Mutual Fund s composition of assets R CONVICTION EURO as at 30 June 2016 As statutory auditor of the R CONVICTION EURO mutual fund and in accordance with the provisions of article L of the Monetary and Financial Code on inspecting the composition of assets, we have prepared this certificate on the information appearing in the composition of assets as at 30 June 2016 attached hereto. This information was prepared under the responsibility of the management company. It is our duty to give an opinion on the consistency of the information contained in the composition of assets we have of the undertaking for collective investment acquired as part of our assignment to certify financial statements. We have carried out the verifications we deemed necessary in accordance with the professional standards and doctrine of the French National Institute of Statutory Auditors (Compagnie Nationale des Commissaires aux Comptes) related to this assignment. These verifications, which constitute neither an audit nor a limited review, consisted mainly in carrying out analytical procedures and interviews with the persons who produce and check the information given. Based on our work, we have no observation to make on the consistency of the information appearing in the document attached with the knowledge we have of the undertaking for collective investment acquired as part of our assignment to certify financial statements. Neuilly-sur-Seine, 29 July 2016 The Statutory Auditor Deloitte & Associés [SIGNATURE] Olivier GALIENNE Limited company (société anonyme) with capital of 1,723,040 Chartered accounting firm registered with the accounting board of the Conseil Régional de Paris Ile-de-France Auditing firm, member of the Compagnie régionale de Versailles RCS Nanterre NA. FR Member of Deloitte Touche Tohmatsu Limited

4 Batch Report on 01/08/16 18:23:45 PAGE 1 / 6 A S S E T STATUS CONTRCT QUANTITY + CUR CURRENCY U.C.P DATE PRICE I < Fund currency > PRCT ASSET/LINE QUANTITY TYPE QTD AND PRICE TYPE COTA ASSET F BOOK COST MARKET VALUE ACCRUED INTEREST UNREALISED P&L ACT NET EQUITIES AND SIMILAR SECURITIES Equities and similar securities traded on regulated markets Equities and similar securities traded on regulated or similar markets Asset Currency EUR EURO AT ERSTE GRP BANK 400,000. P EUR M 30/06/ T 7,876, ,124, , AT WIENERBERGER AG 1,000,000. P EUR M 30/06/ T 12,766, ,600, , DE DEUTSCHE TELEKOM 520,000. P EUR M 30/06/ T 5,854, ,945, ,091, DE HEIDELBERGER ZEMENT 225,000. P EUR M 30/06/ T 10,254, ,165, ,910, DE RWE AG 850,000. P EUR M 30/06/ T 22,999, ,061, ,937, DE DAIMLER AG 380,000. P EUR M 30/06/ T 18,335, ,337, ,001, DE SIEMENS AG NAMEN 150,000. P EUR M 30/06/ T 10,133, ,771, ,638, DE000CBK1001 COMMERZBANK AG 1,250,000. P EUR M 30/06/ T 15,122, ,280, ,842, ES ATRESMEDIA 1,080,000. P EUR M 30/06/ T 9,567, ,417, , ES BANCO POPULAR ESPANO 12,400,000. P EUR M 30/06/ T 27,069, ,272, ,796, ES CAIXABANK 7,600,000. P EUR M 30/06/ T 28,482, ,949, ,533, ES NH HOTELES EX COFIR 2,800,000. P EUR M 30/06/ T 10,489, ,584, , ES REPSOL 940,000. P EUR M 30/06/ T 13,389, ,725, ,664, ES MELIA HOTELS INTL 1,100,000. P EUR M 30/06/ T 8,409, ,631, ,222, FI NOKIA (AB) OY 1,550,000. P EUR M 30/06/ T 7,688, ,912, , FI STORA ENSO AB 820,000. P EUR M 30/06/ T 5,854, ,887, , FR AIR FRANCE KLM 2,700,000. P EUR M 30/06/ T 21,731, ,446, ,284, FR SANOFI 150,000. P EUR M 30/06/ T 8,504, ,238, ,733, FR AXA 300,000. P EUR M 30/06/ T 4,040, ,341, ,301, FR DANONE 115,000. P EUR M 30/06/ T 5,561, ,292, ,731, FR PEUGEOT 1,750,000. P EUR M 30/06/ T 18,748, ,926, , FR VEOLIA ENVIRONNEM. 660,000. P EUR M 30/06/ T 9,056, ,850, ,793, FR SAINT-GOBAIN 680,000. P EUR M 30/06/ T 21,543, ,361, ,818, FR CAP GEMINI 260,000. P EUR M 30/06/ T 9,993, ,332, ,338, FR SOCIETE GENERALE SA 730,000. P EUR M 30/06/ T 26,358, ,593, ,765, FR BNP PARIBAS 400,000. P EUR M 30/06/ T 18,491, ,902, ,589, FR AMUNDI 125,000. P EUR M 30/06/ T 5,505, ,681, , FR EDF BLOQUE 15,773. P EUR M 30/06/ T 158, , , ,000. P EUR M 30/06/ T 3,582, ,291, , IT ASSICURAZ. GENERALI 1,900,000. P EUR M 30/06/ T 29,462, ,045, ,417, IT INTESA SANPAOLO SPA 8,550,000. P EUR M 30/06/ T 15,391, ,552, , IT MEDIASET SPA 2,950,000. P EUR M 30/06/ T 12,179, ,239, ,939, IT ENI SPA 750,000. P EUR M 30/06/ T 12,491, ,890, ,601, IT TELECOM ITALIA ORD 27,000,000. P EUR M 30/06/ T 23,260, ,845, ,415, IT UNICREDITO RAGGRUPAM 4,800,000. P EUR M 30/06/ T 18,091, ,456, ,635, IT BANC MONT DI PASC DI 6,000,000. P EUR M 30/06/ T 17,630, ,275, ,355, LU ARCELORMITTAL SA 3,600,000. P EUR M 30/06/ T 15,909, ,727, ,182, NL AKZO NOBEL 175,000. P EUR M 30/06/ T 7,334, ,864, ,529, NL ROYAL PHILIPS 500,000. P EUR M 30/06/ T 8,579, ,197, ,617, NL STMI NV 3,350,000. P EUR M 30/06/ T 19,671, ,554, ,117, NL AIRBUS GROUP 260,000. P EUR M 30/06/ T 8,074, ,449, ,375, NL AEGON 3,203,333. P EUR M 30/06/ T 15,818, ,307, ,510, PTBCP0AM0007 BANCO COM PORTUGUES 260,000,000. P EUR M 30/06/ T 18,372, ,732, ,640,

5 Batch Report on 01/08/16 18:23:45 PAGE 2 / 6 A S S E T STATUS CONTRCT QUANTITY + CUR CURRENCY U.C.P DATE PRICE I < Fund currency > PRCT ASSET/LINE QUANTITY TYPE QTD AND PRICE TYPE COTA ASSET F BOOK COST MARKET VALUE ACCRUED INTEREST UNREALISED P&L ACT NET PTBES0AM0007 BCO ESPIRITO SANTO 21,000,000. P EUR M 04/08/14 0. V 17,295, ,295, PTZON0AM0006 NOS 1,700,000. P EUR M 30/06/ T 9,289, ,265, , Subtotal Asset Currency EUR EURO SUM (EUR) 616,423, ,495, ,927, Equity warrants traded on regulated markets Asset Currency EUR EURO ES REPSOL DO ,000. P EUR 0. M 30/06/ T , , Equities and similar securities traded on regulated markets SUM (EUR) 616,423, ,782, ,640, MONEY MARKET Money Market Instruments NDS traded on regulated markets Treasury Bills Asset Currency EUR EURO FR FRAN TREA ZCP NOL (999) ,700,000. EUR /06/ L 2,703, ,701, , COMMITMENTS ON FUTURES MARKETS FUTURES Foreign Futures QUOTATION CURRCY: EUR EURO IVG U6 EUR EUREX EUROS ,300. EUR M 30/06/ , , TREASURY Payables and Receivables Deferred Payments ARDEUR Ach rglt différé -1,270, EUR ,270, ,270, VRDEUR Vte rglt différé 1,660, EUR ,660, ,660, Deferred Payments SUM (EUR) 389, , Cash Coupons and Cash Dividends FI NOKIA (AB) OY 1,800,000. P EUR /06/16 327, , NL USD STMICROELECTRONICS/P 3,650,000. P USD /06/16 164, , , Cash Coupons and Cash Dividends SUM (EUR) 491, , , Initial margin (Deposit) DGMRCEUR Dépôt gar.rot et cie 1,344, EUR ,344, ,344,

6 Batch Report on 01/08/16 18:23:45 PAGE 3 / 6 A S S E T STATUS CONTRCT QUANTITY + CUR CURRENCY U.C.P DATE PRICE I < Fund currency > PRCT ASSET/LINE QUANTITY TYPE QTD AND PRICE TYPE COTA ASSET F BOOK COST MARKET VALUE ACCRUED INTEREST UNREALISED P&L ACT NET Margin Calls MARRCEUR Appel marge ROTHCHIL -599, EUR , , Management Fees FGPFC2EUR Frais de ges.var fig EUR FGPFD1EUR Frais de ges.var fig EUR FGPFD2EUR Frais de ges.var fig EUR FGPVFC1EUR Frais de Gest. Fixe EUR FGPVFC2EUR Frais de Gest. Fixe EUR FGPVFC3EUR Frais de Gest. Fixe EUR FGPVFD1EUR Frais de Gest. Fixe -335,764.8 EUR , , FGPVFD2EUR Frais de Gest. Fixe -10,170.2 EUR , , FGPVFD3EUR Frais de Gest. Fixe -141, EUR , , FGPVFD4EUR Frais de Gest. Fixe -43, EUR , , FGPVFD5EUR Prov. FDG fixes D5-5, EUR , , Management Fees SUM (EUR) -537, , Payables and Receivables SUM (EUR) 1,088, ,091, , LIQUID ASSETS French Cash BQRCEUR BQ Rothschild & 2,089, EUR ,089, ,089, BQRCUSD BQ Rothschild & -86, USD , , French Cash SUM (EUR) 2,011, ,011, TREASURY SUM (EUR) 3,100, ,103, , FUND : R CONVICTION EURO (1457 ) (EUR) 622,227, ,187, ,039,

7 Batch Report on 01/08/16 18:23:45 PAGE 4 / 6 Fund portfolio : 523,083, Coupons and dividends due : 495, Day's management fees Frais de Gest. Fixe : 3.03 EUR Frais de Gest. Fixe : 1.32 EUR Frais de Gest. Fixe : EUR Frais de Gest. Fixe : 9, EUR Frais de Gest. Fixe : EUR Frais de Gest. Fixe : 4, EUR Frais de Gest. Fixe : 1, EUR Prov. FDG fixes D5 : EUR Unit Currency Net Asset Value Number of shares NAV per unit Coefficient FX Rate Std subscr. price Std redemp. price C1 FR R CONV. EURO M EUR EUR 738, C2 FR R CONV. EURO P EUR EUR 53, C3 FR R CONV. EURO C USD EUR 394, , D1 FR R CONV. EURO C EUR EUR 240,507, ,774, D2 FR R CONV. EURO F EUR EUR 5,964, , D3 FR R CONV. EURO I EUR EUR 205,680, , , , , D4 FR R CONV. EURO ID EUR EUR 66,317, , , , D5 FR R CONV. EURO PB EUR EUR 6,529, , C4 FR PARTS CAPI R EUR EUR Net Asset Value EUR : 526,187,412.4 C3 USD 438, Previous valuation on 29/06/16 : C1 PARTS CAPI 1 Previous N.U.V. : (EUR) Variation : % C2 PARTS CAPI 2 Previous N.U.V. : (EUR) Variation : % C3 PARTS CAPI 3 Previous N.U.V. : (EUR) Variation : % D1 PARTS DIST 1 Previous N.U.V. : (EUR) Variation : % D2 PARTS DIST 2 Previous N.U.V. : (EUR) Variation : % D3 PARTS DIST 3 Previous N.U.V. : 111, (EUR) Variation : % D4 PARTS DIST 4 Previous N.U.V. : 102, (EUR) Variation : % D5 PARTS DIST 5 Previous N.U.V. : (EUR) Variation : %

8 Batch Report on 01/08/16 18:23:45 PAGE 5 / 6 UE Savings tax : weight and status of funds class Reporting type : TISF TIS France Official weight and status in date of 30/06/16 : Unofficial weight in date of 30/06/16 : Weight DD: 0.51 Status DD : I Weight DD: 0.51 Weight DI: 0.51 Status DI : O Weight DI: 0.51

9 Batch Report on 01/08/16 18:23:45 PAGE 6 / 6 FOREX RATE USED IN FUND NAV for VNI calculation for the report for previous VNI calculation variation Rate EUR in USD : quoted : 30/06/ quoted : 29/06/ FX RATES IN REVERSE NOTATION for VNI calculation for the report for previous VNI calculation Rate USD in EUR : quoted : 30/06/ cotation : 29/06/16

10 Additional Information for Investors in the Federal Republic of Germany Caceis Bank Deutschland GmbH, Lilienthalallee 34-36, D München, has undertaken the function of Paying and Information Agent in the Federal Republic of Germany (the German Paying and Information Agent ). Applications for the redemptions of shares may be sent to the German Paying and Information Agent. All payments to investors, including redemption proceeds and potential distributions may, upon request, be paid through the German Paying and Information Agent. The complete prospectus (including the key investor information documents, the detailed memorandum and the management regulations), the annual and semi-annual reports and the list of changes in the portfolio during the period under review may be obtained, free of charge in harddcopy form, at the office of the German Paying and Information Agent during normal opening hours. The issue and redemption prices of the shares and any other information to the shareholders are also available free of charge from the German Paying and Information Agent. The issue and redemption prices of the shares will be published in Germany in the Federal Gazette ( Any other information to the shareholders will be published on the fund s website