AMUNDI DYNARBITRAGE VAR 4 Fonds Commun de Placement

Transcription

1 AMUNDI DYNARBITRAE VAR 4 Fonds Commun de Placement Management Company: Amundi 90, boulevard Pasteur Paris, FRANCE Certification performed by the Statutory Auditor relating to the composition of assets on 30 April 2012

2 Deloitte & Associés 185, avenue Charles de aulle Neuilly-sur-Seine Cedex France Telephone: + 33 (0) Fax: + 33 (0) CERTIFICATE DRAFTED BY THE STATUTORY AUDITORS on the composition of assets of Fonds Commun de Placement AMUNDI DYNARBITRAE VAR 4 on 30 April 2012 To the unitholders, In our capacity as statutory auditors for the Joint Investment fund accounts of AMUNDI DYNARBITRAE VAR 4 and in application of the provisions envisaged in Article L of the French Monetary and Financial Code, (Code Monétaire et Financier) and Article 32 VI of Instruction n of France's Financial Market Authority, (Autorité des Marchés Financiers, hereinafter "AMF"), adopted in application of the eneral Regulations of the AMF, we have verified the accuracy of the composition of assets accompanying this certification. The management company is responsible for determining the composition of the assets. Our work, based on our tests, is to certify its accuracy. We implemented the procedures we considered necessary in accordance with the professional policies of the French Institute of Statutory Auditors relating to this work. These procedures consist of assessing the accuracy of this information in respect of its consistency, plausibility and relevance. Tests of this type are limited in their objectives and essentially consist of analytical procedures and meetings with people responsible for the information disclosed. We have no qualification to make on the accuracy of the information given in the accompanying document. Neuilly-sur-Seine, 21 June 2012 Statutory Auditor Deloitte & Associés érard Vincent-enod Public limited company with a capital of 1,723,040. Chartered accountancy firm registered in the Table of the Order of the Regional Board (Tableau de l Ordre du Conseil Régional) of Paris Ile-de-France. Auditor's firm, member of the Regional Association of Versailles (Compagnie régionale de Versailles) Nanterre Trade and Company Register VAT: FR Member of Deloitte Touche Tohmatsu Limited

3 Baten Report on 07/08/12 08:33:32 PAE 1/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR 0 Shares & related securities Shares & related securities traded on a regulated market Shares & rel. secs. traded on a regul. or related mkt Security currency CAD CANADIAN DOLLAR CA RESEARCH IN MOTION 7,700. P USD M 30/04/ T 97, , , Security currency CHF SWISS FRANC CH NOVARTIS A NOMI 4,900. P CHF M 30/04/ T 194, , , ÇH ROCHE HOLDIN ENUSS 1,800. P CHF M 30/04/ T Sub-total for security currency CHF SWISS FRANC (EUR) 417, , , NL SBM OFFSHORE 1,400. P EUR M 30/04/ T 25, , , DE BMW PARANC T25 1,166. P EUR A 80, , PARANC T P EUR A 17, , PARANC T5 5,072. P EUR A 349, , DE DEUTSCHE TELEKOM 17,300. P EUR M 30/04/ T 166, , , DE RWE A PRETERCI ,990. P EUR M 30/04/ T 79, , , P EUR M 30/04/ T DE SIEMENS A NAMEN 2,500. P EUR M 30/04/ T 219, , , DE VOLKSWAEN PRIVILEI PRETERCI ,040. P EUR 65. M 30/04/ T 67, , , P EUR 65. M 30/04/ T , DE ALLIANZ HOLDIN 2,900. P EUR M 30/04/ T 252, , , DE MUENCHEN RUECK PRETERCI P EUR M 30/04/ T 99, , , P EUR M 30/04/ T 1, , DE000BAY0017 BAYER PRETERCI ,990. P EUR 56.7 M 30/04/ T 169, , , P EUR 56.7 M 30/04/ T DE000ENA999 E.ON A NOM. 18,000. P EUR M 30/04/ T 355, , , ES Y14 IBERDROLA S.A. 11,600. P EUR M 30/04/ T 70, , , ES INDITEX SA 3,500. P EUR M 30/04/ T 203, , , FR C - VERITAS 4,000. P EUR M 30/04/ T 89, , , FR CARREFOUR EMPRUNa ,800. P EUR A 70, , EMPRUNCI ,610. P EUR A 126, , ,400. P EUR M 30/04/ T -198, , , FR ,400. P EUR M 30/04/ T 495, , , FR VALLOUREC 600. P EUR M 30/04/ T 50, , , FR SANOFI 2,902. P EUR M 30/04/ T 143, , , FR AXA 25,400. P EUR M 30/04/ T 375, , , FR WENDEL 1,900. P EUR M 30/04/ T 82, , , FR SCHNEIDER ELECT SA 1,000. P EUR 49.5 M 30/04/ T 49, , , FR VEOLIA ENVIRONNEM. 10,800. P EUR M 30/04/ T 251, , , FR CASINO UICHARD 3,300. P EUR M 30/04/ T 215, , , FR VIVENDI 14,900. P EUR M 30/04/ T 281, , , FR PUBLiaS ROUPE SA 3,500. P EUR M 30/04/ T 124, , , FR TECHNIP 800. P EUR M 30/04/ T 57, , , FR FRANCE TELECOM 16,900. P EUR M 30/04/ T 253, , ,

4 Baten Report on 07/08/12 08:33:32 PAE 2/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR FR ORPEA 1,200. P EUR M 30/04/ T 29, , FR DF SUEZ 5,300. P EUR M 30/04/ T 130, , , FR ALSTOM 8,000. P EUR M 30/04/ T 358, , , FR EDF PRETERCI ,000. P EUR M 30/04/ T 163, , , FR SUEZ ENVIRON.COMP. PRETERCI ,000. P EUR M 30/04/ T 114, , , ,500. P EUR M 30/04/ T 89, , , FR AREVA PRETERCI ,150. P EUR M 30/04/ T 115, , , PRETERCI ,000. P EUR M 30/04/ T 182, , , P EUR M 30/04/ T 18, , , IT SAIPEM SPA 1,400. P EUR M 30/04/ T 51, , IT LUXOTTICA ROUP PARANC T 7,179. P EUR M A 196, , PARANC T 6,746. P EUR M A 184, , IT TELECOM ITALIA ORD 147,800. P EUR M 30/04/ T 157, , , IT FIAT INDUSTRIEL PRETERCI ,000. P EUR M 30/04/ T 84, , , P EUR M 30/04/ T 6, , NL AKZO NOBEL PRETERa ,000. P EUR M 30/04/ T 92, , , P EUR M 30/04/ T 4, , NL IN ROEP 44,300. P EUR M 30/04/ T 326, , , NLOOOO AEON NEW 60,700. P EUR M 30/04/ T 285, , , NL FURO 800. P EUR M 30/04/ T (EUR) 7,266, ,123, ,143, Security currency BP POUND STERLIN B AMEC PLC 2,600. P BP M 30/04/ T 36, , B BRITISH LAND 43,700. P BP M 30/04/ T 252, , , B AVIVA PLC 105,800. P BP M 30/04/ T 485, , , B HWIERSON 19,400. P BP M 30/04/ T 93, , , B IMPERIAL TOBACCO 9,200. P BP M 30/04/ T 237, , , B NATIONAL EXPRESS 83,100. P BP M 30/04/ T 228, , , B INTERNATIONAL POWER 48,400. P BP M 30/04/ T 173, , , B PRUDENTIAL PLC 14,100. P BP M 30/04/ T 115, , , B RIO TINTO PLC 7,600. P BP M 30/04/ T 335, , , B UK COAL 130,502. P BP M 30/04/ T 127, , , B ROYAL BK SCOT.RP 233,000. P BP M 30/04/ T 126, , , B BP PLC 26,600. P BP M 30/04/ T 153, , , B LLOYDS BANKIN RP 139,200. P BP M 30/04/ T 407, , , B TATE LYLE 35,100. P BP M 30/04/ T 231, , , B B ROUP PLC 34,900. P BP M 30/04/ T 532, , , B WEIR ROUP 12,000. P BP M 30/04/ T 236, , , B KN PLC 127,400. P BP M 30/04/ T 188, , , B ASOS 3,800. P BP M 30/04/ T 76, , , B BARCLAYS PLC 64,600. P BP M 30/04/ T 241, , , B LAND SECURITIES PLC 22,200. P BP M 30/04/ T 172, , , B00B01FL62 4S SHS 24,600. P BP 2.48 M 30/04/ T 72, , , B00B033F229 CENTRICA PLC 46,700. P BP M 30/04/ T 163, , , B00B03MLX29 ROYAL DUTCH SHELL A 15,200. P EUR M 30/04/ T 358, , , B00B08SNH34 NATIONAL RID NEW 15,800. P BP 5.47 M 30/04/ T 102, , ,

5 Baten Report on 07/08/12 08:33:32 PAE 3/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR B00B16WD56 VODAFONE ROUP PLC PARANC T1 54,616. P BP M A 11,537, ,558, , ,900. P BP M 30/04/ T 500, , , B00B19DVX61 INVENSYS PLC 38,200. P BP M 30/04/ T 151, , , B00B1YW ROUP PLC 22,100. P BP M 30/04/ T 73, , , BOOB61TVQ02 INCHCAPE 79,650. P BP M 30/04/ T 305, , , B00B74CDH82 CAIRN ENERY 7,209. P BP M 30/04/ T 83, , , JEOOB3DMTY01 WPP 14,600. P BP M 30/04/ T Sub-total for security currency BP POUND STERLIN (EUR) 17,943, ,873, , Security currency SEK SWEDISH CROWN SE ATLAS COPCO CAT A PRETERQ ,290. P SEK M 30/04/ T 168, , , P SEK M 30/04/ T Sub-total for security currency SEK SWEDISH CROWN (EUR) 168, , , Security currency USD US DOLLAR US VMWARE CLASS A 1,200. P USD M 30/04/ T 66, , , AN SCHLUMBERER 3,400. P USD M 30/04/ T 223, , , B BHP BILLITON 8,000. P BP M 30/04/ T 217, , , B SMITH & NEPHEW PLC 20,300. P BP M 30/04/ T 169, , , B ASTRAZENECA PLC 18,800. P BP M 30/04/ T 622, , B XSTRATA PLC 25,000. P BP M 30/04/ T 322, , , B00B1XZS820 ANLO AMERICAN PLC 6,600. P BP M 30/04/ T 227, , , JE00B4T3BW64 LENCORE INTERNATION PRETERCI ,000. P BP 5.27 M 30/04/ T 60, , , ,028. P BP 5.27 M 30/04/ T 114, , , NL CORE LABORATORIES 2,300. P USD M 30/04/ T 173, , , US00971T1016 AKAMAI TECHNOLOIES 5,300. P USD M 30/04/ T 117, , , US APPLE INC 190. P USD M 30/04/ T 54, , , US CITIROUP INC 5,480. P USD M 30/04/ T 160, , , US HALLIBURTON CO 10,000. P USD M 30/04/ T 352, , , US HEXCEL 23,500. P USD M 30/04/ T 187, , , US48248A3068 KKR FINANQAL HDL 12,000. P USD 6.39 M 30/04/ T 52, , , US LAS VEAS SANDS 7,200. P USD M 30/04/ T 230, , , US MORAN STANLEY 19,300. P USD M 30/04/ T 404, , , US70336T1043 PATRIOT COAL 15,100. P USD M 30/04/ T 174, , , US PEABODY ENERY ROUP 2,200. P USD 59.3 M 30/04/ T 96, , , US PFIZER INC 33,500. P USD M 30/04/ T 413, , , US88160R1014 TESLA MOTORS PRETERCI ,000. P USD M 30/04/ T 45, , , PRETERCI P USD M 30/04/ T 11, , , P USD M 30/04/ T 3, , , US92046N1028 VALUECLICK INC 11,300. P USD M 30/04/ T 98, , , US92343E1029 VERISIN INC PRETERQ ,000. P USD M 30/04/ T 173, , , ,600. P USD M 30/04/ T 45, , , US92826C8394 VISA CL A 2,500. P USD M 30/04/ T Sub-total for security currency USD US DOLLAR (EUR) 4,955, ,536, ,

6 Baten Report on 07/08/12 08:33:32 PAE 4/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR Shares & rel. secs. traded on a regul. or related mkt (EUR) 30,848, ,237, , Warrants on shares traded on regulated markets FR DF SUEZ D ,300. P EUR 0. M A NL AKZO NOBEL D ,100. P EUR 0. M A (EUR) Shares & related securities traded on a regulated market (EUR) 30,848, ,237, , Bonds and related securities Bonds and related securities traded on a regulated market Fixed-rate bonds traded on a regulated market DE ERMAN BD /31 PARANC T18 3, M EUR % A 4, , PARANC T1 58, M EUR % A 84, , ES BCO SANT % 15 (366) ,000,000. M EUR % 30/04/ ,089, ,056, , , FR PPR 4% EMTN (366) ,000,000. M EUR % 30/04/ ,752, ,124, , , FR CRED.LOEMENT 5.454% (366) ,000,000. M EUR % 30/04/ E 625, , , , IT TTALY 4.75% 02/13 (UST) ,500,000. M EUR % 30/04/ ,667, ,763, , , IT ITALIE /04/13 (UST) ,000,000. M EUR % 30/04/ ,159, ,210, , , IT ITALIE 3% 15/11/2014 (UST) ,000,000. M EUR % 30/04/ ,772, ,965, , , XS STOBAIN (366) ,000,000. M EUR % 30/04/ E 1,805, ,216, , , XS V0LKS /10/12 (366) ,000,000. M EUR % 30/04/ E 3,982, ,174, , , XS BBVA SEN 3% 22/08/13 (366) ,000,000. M EUR % 30/04/ (EUR) 44,942, ,600, , ,061, Security currency BP POUND STERLIN B ANLETERRE /32 (UST) ,000,000. M BP % 30/04/ E 5,331, ,291, , ,856, Security currency USD US DOLLAR US05571AAB17 BPCE 2.375% 04/10/13 (USA) ,300,000. M USD % 30/04/ N 963, , , , US38144LAC46 SACHS (USA) ,000,000. M USD % 30/04/ E 2,140, ,376, , , US65535HAA77 N0MURA 5% 04/03/2015 (USA) ,000,000. M USD % 30/04/ ,948, ,195, , , US65535HAB50 N0MURA 6.70% 03/20 (USA) ,500,000. M USD % 30/04/ E 1,106, ,264, , , US94974BFA35 WELLS FARO 1.25% 15 (USA) ,000. M USD % 30/04/ , , , , USF8586CAE24 SOC EN 2.2% 14/9/13 (USA) ,500,000. M USD 98.3 % 30/04/ Sub-total for security currency USD US DOLLAR (EUR) 9,483, ,155, , ,

7 Baten Report on 07/08/12 08:33:32 PAE 5/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR Fixed-rate bonds traded on a related market Floating-rate bonds, floating traded on a (EUR) 59,757, ,047, , ,484, FR EXANE E3R 17/10/16 (999) ,750,000. M EUR % 30/04/ E 5,279, ,863, , , XS ABBEY NATL E3R 13 (999) ,100,000. M EUR % 30/04/ Security currency BP POUND STERLIN (EUR) 7,375, ,964, , , FR BPCE LIBOR 29/10/12 (366) ,500,000. M BP 99.6 % 16/04/ ,793, ,834, , Floating-rate bonds, floating traded on a Mortgages traded on regulated markets (EUR) 9,169, ,799, , , ES F0ND0 BBVA TV-38 SA2 (999) P EUR % 30/04/ , , , XS PR0MC 1D E6R 29/6/12 (999) P EUR % 30/04/ M Bonds and related securities traded on a regulated market Il - Debt securities Debt securities traded on a regulated or related market Treasury Certificates (EUR) 2,779, ,147, , , (EUR) 71,706, ,994, , ,389, FR FRANCE 28/06/12 NOL (999) ,000,000. EUR /03/ L 5,999, ,999, FR BTF NOL (999) ,000,000. EUR /02/ L 2,999, ,999, FR FRANCE0.00 NOL (999) ,000,000. EUR /03/ L 4,999, ,999, NL PAYS-BAS 0% 29/06/12 PARANC T15 52,555. EUR 0. 30/04/12 A Commercial Paper (EUR) 13,997, ,998, ITCN AXA SA NOL (999) ,000,000. EUR /03/ L 5,991, ,995, ,

8 Baten Report on 07/08/12 08:33:32 PAE 6/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR Deposit certificates ITCN BFCM TV 09/08/12 NOL (999) ,000,000. EUR /04/ ,000, ,020, , , ITCN BP R.P TV 21/05/12 NOL (999) ,000,000. EUR /04/12 L 4,000, ,007, , ITCN NATIXIS TV NOL (999) ,000,000. EUR /04/12 L 2,000, ,000, (EUR) 10,000, ,028, , , Foreign debt securities excl. ECP BE BELIQUE 14/06/12 NOL (999) ,000,000. EUR /03/ L 22,975, ,995, , ITCN IN BANK NV NOL (999) ,500,000. EUR /04/ L 4,500, ,523, , , ITCN BCO BILBAO 0% NOL (999) ,000,000. EUR /04/12 L 3,985, ,999, , ITCN EN BQ 0% 14/08/12 NOL (999) ,000,000. EUR /04/ ,975, ,992, , ITCN LLOYDS TSB NOL (999) ,000,000. EUR /04/12 L (EUR) 40,436, ,512, , , Security currency USD US DOLLAR ITCN SEB TF 28/09/12 NOL (999) ,000,000. USD /04/ ,990, ,010, , Foreign debt securities excl. ECP (EUR) 43,427, ,522, , , Debt securities traded on a regulated or related market (EUR) 73,416, ,545, , , III - UCITS securities French general UCITS FR AMU ETF MS EU MIDCAP PARANC T 1,506. P EUR M A 74, , FR AMUNDI LOBAL EMERE P EUR M 30/04/ N 5,392, ,000, ,608, FR PORTFOLIO L0B VOLAT P EUR M 30/04/ N 3,964, ,889, , FR AMUNDI ACT THEMA. R-C P EUR M 27/04/ SuB- for security currency EUR EURO (EUR) 13,644, ,683, ,039, Coordinated European UCITS and related funds Security currency USD US DOLLAR LU AMUNDI BEC IU 3,000. P USD M 27/04/ Z 2,146, ,511, ,

9 Baten Report on 07/08/12 08:33:32 PAE 7/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR III - UCITS securities (EUR) 15,790, ,194, ,403, IV - Temporary securities transactions Debts representing lent securities CI AREVA PRET , EUR 0. % 30/04/ CI SUEZ ENVIRONNEMENT C PRET ,425. EUR 0. % 30/04/ CI SUEZ ENVIRONNEMENT C PRET ,650. EUR 0. % 30/04/ CI AREVA PRET ,400. EUR 0. % 30/04/ CI EDF PRET ,460. EUR 0. % 30/04/ CI VOLKSWAEN PRIV. PRET ,760. EUR 0. % 30/04/ CI RWE A PRET , EUR 0. % 30/04/ CI FIAT INDUSTRIEL PRET ,760. EUR 0. % 30/04/ CI MUNCHENER RUKVERSIC PRET ,415.5 EUR 0. % 30/04/ CI AKZO NOBEL PRET ,560. EUR 0. % 30/04/ CI BAYER PRET ,097.9 EUR 0. % 30/04/ (EUR) , , Security currency BP POUND STERLIN CI LENCORE INTL PRET , BP 0. % 30/04/ CI LENCORE INTL PRET , BP 0. % 30/04/ Sub-total for security currency BP POUND STERLIN (EUR) Security currency SEK SWEDISH CROWN CI ATLAS C0PC0 CAT.A PRET ,505,909. SEK 0. % 30/04/ Security currency USD US DOLLAR CI TES LA MOTORS PRET , USD 0. % 30/04/ CI TES LA MOTORS PRET , USD 0. % 30/04/ CI VERISIN PRET , USD 0. % 30/04/ Sub-total for security currency USD US DOLLAR (EUR) Debts representing lent securities (EUR) , , Debts representing securities borrowed Debts representing securities pledged C T25 BMW PARl , EUR 100. % 30/04/12-80, , C T27 BMW PARl , EUR 100. % 30/04/12-17, , C T15 PAYS-BAS PARl EUR 100. % 30/04/ C T18 ALLEMANE 5, PARl , EUR 100. % 30/04/12-4, , C T5 BMW PARl , EUR 100. % 30/04/12-349, ,

10 Baten Report on 07/08/12 08:33:32 PAE 8/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR C T AMUNDI ETF MSCI EUR. PARl ,471.7 EUR 100. % 30/04/12-74, , C T LUXOTTICA ROUP PARl , EUR 100. % 30/04/12-196, , C T1 ALLEMANE 5, PARl , EUR 100. % 30/04/12-84, , C T LUXOTTICA ROUP PARl , EUR 100. % 30/04/12-184, ^ 4^33^ (EUR) -990, , Security currency BP POUND STERLIN C T1 VODAFONE ROUP PARl ,421,260. BP 100. % 30/04/12-11,537, ,558, , Debts representing securities pledged (EUR) -12,527, ,548, , CI CARREFOUR EMP , EUR % 30/04/12-70, , CI CARREFOUR EMP , EUR % 30/04/12-126, , (EUR) -196, , Debts representing securities borrowed (EUR) -12,724, ,745, , IV - Temporary securities transactions (EUR) -12,724, ,742, , , VI - FUTURES MARKET LIABILITIES Futures liabilities Foreign futures CURRE LISTIN EUR EURO CDU M2 R SCHATZ EUR M 30/04/ , , C0AT M2 EUREX OAT FUT EUR M 30/04/ , , COE M2 EUREX B0BL EUR M 30/04/ , , CRX M2 EUREX EUR0BND EUR 139. M 30/04/ , , ISXP_M2 EUR EUX STX L EUR M 30/04/ , , ISXR_M2 EUR EUX ST.E.M EUR M 27/04/ IV M2 EUR EUREX EUROS EUR M 30/04/ LISTIN CURRE Sub-Total: EUR EURO (EUR) , , LISTIN CURRE BP POUND STERLIN C M2 LIF LIFFE L I BP % 30/04/ , , IZ M2 LIF LIFF FTSE BP M 30/04/ Sub-total LISTIN CURRE: BP POUND STERLIN (EUR) , , LISTIN CURRE: JPY YEN

11 Baten Report on 07/08/12 08:33:32 PAE 9/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR ITP M2 TSE TOPIX IND JPY M 30/04/ , , LISTIN CURRE: USD (US) DOLLAR CFV M2 CBO CBOT UST 5A USD M 30/04/ , , OU M2 CBO US UST 2A USD M 30/04/ , , CTY M2 CBO CBOT UST USD M 30/04/ , , CUS M2 CBOT USTB 30A USD M 30/04/ , , IES M2 CME S&P500 MINI USD M 30/04/ Sub-total LISTIN CURRE: USD (US) DOLLAR (EUR) , , Foreign futures (EUR) , , Conditional futures Index options - Regulated market LISTIN CURRE: USD (US) DOLLAR ISX_K2C01 ISX_y0512/CALL/ P USD 7. M 30/04/ , , , ISX_K2P01 ISX_y0512/PUT / P USD 18.5 M 30/04/ , , , ISX_M2C04 ISX_y0612/CALL/ P USD 0.95 M 30/04/ , , , ISX_M2P04 ISX/0612/PUT / P USD 10.5 M 30/04/ Sub-total LISTIN CURRE: USD (US) DOLLAR (EUR) 83, , , Options on futures - Regulated market LISTIN CURRE: EUR EURO CDU_M2P03 CDU_/0612/PUT / ,230. P EUR 0.01 % 27/04/ , , CDU_M2P04 CDU_/0612/PUT / ,460. P EUR 0.03 % 30/04/ , , ÇDLL_J12P05 CDU_/0612/PUT / ,230. P EUR 0.09 % 30/04/ Sub-total LISTIN CURRE: EUR EURO (EUR) , , LISTIN CURRE: USD (US) DOLLAR CFV_M2P02 CFV_y0612/PUT / P USD % 27/04/ , , , CFV_M2P05 CFV_y0612/PUT / P USD % 27/04/ , , , CFV_M2P06 CFV_/0612/PUT / P USD % 30/04/ Sub-total LISTIN CURRE: USD (US) DOLLAR (EUR) -14, , , Options on futures - Regulated market (EUR) -14, , ,

12 Baten Report on 07/08/12 08:33:32 PAE 10/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR Options on French shares - OTC market LISTIN CURRE: EUR EURO 0KEUREN2C04 0KEU/0712/CALL/1.4-20,000,000. P EUR 0.21 % 30/04/ H -42, , , KEUREN2P04 OKEU/0712/PUT /1.2 20,000,000. P EUR % 30/04/ H 47, , , Sub-total LISTIN CURRE: EUR EURO (EUR) 5, , , Options on exchange - OTC market LISTIN CURRE: AUD AUSTRALIAN DOLLAR OAAUREH3C03 OAAU/0313/CALL/ ,000,000. P AUD % 30/04/ H -1,172, , , OAAUREH3P03 OAAU/0313/PUT / ,000,000. P AUD % 30/04/ H -1,172, , , OAAUREM2C02 0AAU/0612/CALL/ ,000,000. P AUD % 30/04/ H 865, , , OAAUREM2P07 0AAU/0612/PUT ,000,000. P AUD % 30/04/ H Sub-total LISTIN CURRE: AUD AUSTRALIAN DOLLAR (EUR) -613, , , LISTIN CURRE: EUR EURO 0BEDREM2P04 0BED/0612/PUT / ,300,000. P EUR % 30/04/ H 60, , , EUREN2P09 OEU/0712/PUT /1.2 45,000,000. P EUR 3.29 % 30/04/ H 1,480, , ,445, EREV2P06 00E/1012/PUT / ,000. P EUR % 30/04/ H 74, , , OQECREK2C03 OQEC/0512/CALL/ ,000,000. P EUR % 30/04/ H -35, , , QECREK2C04 OQEC/0512/CALL/ ,000,000. P EUR % 30/04/ H 118, , , OQECREK2P02 OQEC/0512/PUT /1.2-24,000,000. P EUR % 30/04/ H -72, , , OQECREN2P03 OQEC/0712/PUT / ,000,000. P EUR % 30/04/ H 131, , , QECREN2P04 OQEC/0712/PUT /1.2-17,500,000. P EUR 0.71 % 30/04/ H -124, , , UECREK2P01 OUEC/0512/PUT / ,000,000. P EUR % 30/04/ H 167, , , OUECREK2P02 OUEC/0512/PUT /1.2-20,000,000. P EUR % 30/04/ H -163, , , OUEUREN2P03 OUEU/0712/PUT / ,700,000. P EUR % 30/04/ H -767, , , UEUREN2P11 OUEU/0712/PUT P EUR 1. % 30/04/ H Sub-total LISTIN CURRE: EUR EURO (EUR) 1,464, , ,577, LISTIN CURRE: USD (US) DOLLAR OOUJREN2C03 00UJ/0712/CALL/ ,800,000. P USD % 30/04/ H 117, , , UJREN2C04 00UJ/0712/CALL/ ,800,000. P USD % 30/04/ H -31, , , OOUJREN2P02 OOUJ/0712/PUT / ,800,000. P USD % 30/04/ H -90, , , OWUJREM2C07 0WUJ/0612/CALL/ ,000,000. P USD % 30/04/ H -49, , WUJREM2C08 0WUJ/0612/CALL/84. 13,500,000. P USD % 30/04/ H Sub-total LISTIN CURRE: USD (US) DOLLAR (EUR) 36, , , Options on exchange - OTC market (EUR) 887, , ,865,

13 Baten Report on 07/08/12 08:33:32 PAE 11/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR Conditional futures (EUR) 961, , ,894, VI - LIABILITIES ON FUTURES MARKETS (EUR) 961, , ,851, VII - OTHER LIABILITIES Swaps Currency swaps SWP OIS/0.0/FIX/O.345 NOL RECEIVED 3,985,254. EUR 0. 30/04/ , , NOL PAID -3,985,254. EUR 0. 30/04/ , , SWP OIS/0.0/FIX/O.34 NOL RECEIVED 3,975,480. EUR 0. 30/04/ , , NOL PAID -3,975,480. EUR 0. 30/04/ , , SWP OIS/0.0/FIX/O.357 NOL RECEIVED 5,991,731. EUR 0. 30/04/ , , NOL PAID -5,991,731. EUR 0. 30/04/ (EUR) , , VIII LIQUIDITY MANAEMENT Debts and accounts receivable Deferred payments ARDCHF Ach. rglt dif. > ,300,000. CHF ,240, ,238, , IPRQCHF Indemnité Prêt diff CHF IPRCIEUR Indemnité Prêt diff EUR IPRQBP Indemnité Prêt diff BP IPRQSEK Indemnité Prêt diff SEK VRDCHF Vte. rglt dif. > 3+3-8,800,000. CHF ,321, ,325, , VRDEUR Vte. rglt dif. > 3+3-2,918,720.4 EUR Deferred payments (EUR) , , Cash dividends and coupons DE RWE A LEND 1,990. P EUR /04/12 2, , DE VOLKSWAEN PRIVILEI LEND 1,040. P EUR /04/12 2, , DE MUENCHEN RUECK LEND 890. P EUR /04/12 4, , DE000BAY0017 BAYER LEND 2,990. P EUR /04/12 3, , FR DF SUEZ 5,300. P EUR /04/12 3, , B BRITISH LAND 43,700. P BP /04/12 2, , B AVIVA PLC 105,800. P BP /04/12 20, , B NATIONAL EXPRESS 83,100. P BP /04/12 6, , B PRUDENTIAL PLC 14,100. P BP /04/12 2, , B B ROUP PLC 34,900. P BP /04/12 3, , B SMITH & NEPHEW PLC 20,300. P USD /04/12 1, , B KN PLC 127,400. P BP /04/12 6, , B00B033F229 CENTRICA PLC 46,700. P BP /04/12 6, ,

14 Baten Report on 07/08/12 08:33:32 PAE 12/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR B00B1XZS820 ANLO AMERICAN PLC LEND 5,000. P USD /04/12 1, , IT FIAT INDUSTRIAL 9,000. P EUR /04/12 1, , NL AKZO NOBEL 2,100. P EUR /04/12 1, , NL CORE LABORATORIES 2,300. P USD /04/ SE ATLAS COPCO CAT A LEND 9,290. P SEK /04/12 3, , P SEK /04/ US MORAN STANLEY P USD /04/ Cash dividends and coupons (EUR) 76, , Deposit DCMQEUR Dépôt gar. CACEIS 1,081,980.6 EUR ,081, ,081, DMQBP Dépôt gar. CACEIS 519,600. BP , , , DMQJPY Dépôt gar. CACEIS 9,750,000. JPY , , , DCMQUSD Dépôt gar. CACEIS 1,771, USD ,340, ,338, , Deposit (EUR) 3,113, ,150, , Margin calls MARQEUR Appels marges C.A.I. -312,150. EUR , , MARQBP Appels marges C.A.I. -84,660. BP , , MARQ3PY Appels marges C.A.I. 6,450,000. JPY , , MARQUSD Aooels maraes C.A.I. 459, USD , Margin calls (EUR) -7, , Management fees FDEPEUR Prov corn dépositaire -19,891.7 EUR , , FLIN2EUR Rétro cession tempor -1, EUR , , FPVAEUR Frais de est. Admi -7, EUR , , FPVFEUR Frais de est. Fixe -89, EUR , , FPVHEUR Frais de est. H.C.C -2, EUR , , FVAREUR F Variable à paver -5, EUR , , Management fees (EUR) -126, , Other debt and accounts receivable FQHQEUR Pro. comm chg C.A.I -2, EUR , , RCOCHF Commission sur prêt CHF RCOEUR Commission sur prêt EUR RCOBP Commission sur prêt BP RCOSEK Commission sur prêt SEK RCOUSD Commission sur prêt USD

15 Baten Report on 07/08/12 08:33:32 PAE 13/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR Other debt and accounts receivable Debts and accounts receivable Available funds Assets in France (EUR) -3, , (EUR) 3,053, ,085, , BQCIAUD CACEIS Bank 174, AUD , , , BQCICAD CACEIS Bank 90, CAD , , BQCICHF CACEIS Bank 55,289.4 CHF , , BQCICZK CACEIS Bank 100, CZK , , BQCIDKK CACEIS Bank 63,355.9 DKK , , BQCIEUR CACEIS Bank 32, EUR , , BQCIBP CACEIS Bank 86, BP , , BQCIHKD CACEIS Bank 0.01 HKD BQCIHUF CACEIS Bank 100, HUF BQCIISK CACEIS Bank 21,531. ISK BQCIJPY CACEIS Bank 5,206,922. JPY , , BQCIMXN CACEIS Bank 138, MXN , , BQCINOK CACEIS Bank 92, NOK , , BQCINZD CACEIS Bank 68, NZD , , BQCIPLN CACEIS Bank 106, PLN , , BQCISEK CACEIS Bank 83, SEK , , BQCISD CACEIS Bank 76, SD , , BQCITRY CACEIS Bank 58, TRY , , BQCIUSD CACEIS Bank -476, USD , , BQCIZAR CACEIS Bank ZAR Assets in France Forward transactions LISTIN CURRE: EUR EURO (EUR) 285, , , ISWC V CAD EUR 07/05/12 RECEIVED 07/05/12 5,588, EUR 1. 30/04/ ,588, ,588, PAID 07/05/12-7,400,000. CAD /04/ ,588, ,658, , ISWC V DKK EUR 14/05/12 RECEIVED 14/05/12 94, EUR 1. 30/04/ , , PAID 14/05/12-700,000. DKK /04/ , , ISWC A PLN EUR 14/05/12 RECEIVED 14/05/12 10,100,000. PLN /04/ ,413, ,415, , PAID 14/05/12-2,413, EUR 1. 30/04/ ,413, ,412, ISWC V CZK EUR 15/05/12 RECEIVED 15/05/12 1,612, EUR 1. 30/04/ ,612, ,612, PAID 15/05/12-40,100,000. CZK /04/ ,612, ,607, , ISWC V NZD EUR 15/05/12 RECEIVED 15/05/12 869, EUR 1. 30/04/ , , PAID 15/05/12-1,400,000. NZD /04/ , , , ISWC A SEK EUR 16/05/12 RECEIVED 16/05/12 6,700,000. SEK /04/ , , , PAID 16/05/12-751, EUR 1. 30/04/ , , ISWC A NOK EUR 16/05/12 RECEIVED 16/05/12 7,000,000. NOK /04/ , , , PAID 16/05/12-918, EUR 1. 30/04/ , , ISWC V BP EUR 18/05/12 RECEIVED 18/05/12 11,561, EUR 1. 30/04/ ,561, ,559, ,

16 Baten Report on 07/08/12 08:33:32 PAE 14/18 AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR PAID 18/05/12-9,500,000. BP /04/ ,561, ,651, , ISWC A CHF EUR 18/05/12 RECEIVED 18/05/12 600,000. CHF /04/ , , PAID 18/05/12-499, EUR 1. 30/04/ , , ISWC A HUF EUR 23/05/12 RECEIVED 23/05/12 495,500,000. HUF /04/ ,659, ,730, , PAID 23/05/12-1,659, EUR 1. 30/04/ ,659, ,658, ISWC V JPY EUR 24/05/12 RECEIVED 24/05/12 2,744, EUR 1. 30/04/ ,744, ,743, PAID 24/05/12-295,000,000. JPY /04/ ,744, ,791, , ISWC V USD EUR 25/05/12 RECEIVED 25/05/12 7,996, EUR 1. 30/04/ ,996, ,994, , PAID 25/05/12-10,500,000. USD /04/ ,996, ,932, , ISWC A USD EUR 17/05/12 RECEIVED 17/05/12 200,000. USD /04/ , , PAID 17/05/12-151,166.1 EUR 1. 30/04/ , , ISWC V USD EUR 25/05/12 RECEIVED 25/05/12 151, EUR 1. 30/04/ , , PAID 25/05/12-200,000. USD /04/ , , ISWC A USD EUR 25/05/12 RECEIVED 25/05/12 1,100,000. USD /04/ , , PAID 25/05/12-830, EUR 1. 30/04/ , , ISWC A CHF EUR 18/05/12 RECEIVED 18/05/12 8,800,000. CHF /04/ ,322, ,325, , VERSE 18/05/ EUR 1. 30/04/ Sub-total LISTIN CURRE: EUR EURO (EUR) , , LISTIN CURRE: USD (US) DOLLAR ICAT A KRW USD 29/05/12 RECEIVED 29/05/12 4,569,120,000. KRW /04/ ,029, ,049, , PAID 29/05/12-4,000,000. USD 1. 30/04/ ,029, ,021, , ISWC A MXN USD 04/05/12 RECEIVED 04/05/12 48,300,000. MXN /04/ ,831, ,804, , PAID 04/05/12-3,765, USD 1. 30/04/ ,831, ,845, , ISWC A SD USD 17/05/12 RECEIVED 17/05/12 3,700,000. SD /04/ ,239, ,259, , PAID 17/05/12-2,949, USD 1. 30/04/ ,239, ,228, , ISWC A MXN USD 04/05/12 RECEIVED 04/05/12 65,400,000. MXN /04/ ,786, ,797, , PAID 04/05/ USD 1. 30/04/ Sub-total LISTIN CURRE: USD (US) DOLLAR (EUR) , , Forward transactions (EUR) , , Cash Collateral C CARREFOUR CI ,884.9 EUR , , C CARREFOUR C EUR Cash Collateral (EUR) 185, , Other available funds D DEP0 CACEISBK ,700,000. EUR ,700, ,700,

17 Baten Report on 07/08/12 08:33:32 PAE 15/18 Available funds VIII LIQUIDITY MANAEMENT PORTFOLIO: AMUNDI DYNARBITRAE VAR 4 (050810} AND PRICE EXPR. LISTIN SECURITY F COST PRICE STOCK MARKET VALUE ACCR. COUPON CAPITAL AIN OR (EUR) 3,170, ,183, , (EUR) 6,224, ,268, , (EUR) 186,224, ,604, , ,440,

18 Baten Report on 07/08/12 08:33:32 PAE 16/18 Securities portfolio: 184,345, Coupons and dividends to receive: 77, Daily management fees Fixed mgmt. Admitted : EUR Fixed mgmt. Admitted : EUR Fixed mgmt. H.C.C : 40.2 EUR Custodian fee provision : EUR Custodian fee provision : EUR Fixed mgmt. Fees : 8, EUR Retrocession securities lending : Fees for managing corporate charges: EUR Maximum costs : 9, EUR Unit C FR AMUNDI DYNARBIT. VAR 4 Currency EUR Net assets 190,604, Number of units 29, Net asset value 6, Coefficient Exchange Std subscription price 6, Std repurchase price 6, Total net assets in EUR: 190,604, Previous NAV on 27/04/12: C CAPITALISABLE UNITS Prev. NAV: 6, (EUR) Variation: % Savings taxation: weights and statuses of portfolio units Report type: TISF TIS France Official weights and statuses on 30/04/12: Unofficial weights as of 30/04/12 DD Weight: DD Status: I DD Weight: DI Weight: DI Status: M DI Weight: 87.53

19 Baten Report on 07/08/12 08:33:32 PAE 17/18 PRICES OF CURRENCIES USED by valuation via inventory via previous valuation variation Rate CAD to EUR: listing: 30/04/ listing: 27/04/ Rate CAD to USD: listing: 30/04/ listing: 27/04/ Rate CHF to EUR: listing: 30/04/ listing: 27/04/ Rate CZK to EUR: listing: 30/04/ listing: 27/04/ Rate DKK to EUR: listing: 30/04/ listing: 27/04/ Rate EUR to AUD: listing: 30/04/ listing: 27/04/ Rate EUR to CAD: listing: 30/04/ listing: 27/04/ Rate EUR to CHF: listing: 30/04/ listing: 27/04/ Rate EUR to CZK: listing: 30/04/ listing: 27/04/ Rate EUR to DKK: listing: 30/04/ listing: 27/04/ Rate EUR to BP: listing: 30/04/ listing: 27/04/ Rate EUR to HKD: listing: 30/04/ listing: 27/04/ Rate EUR to HUF: listing: 30/04/ listing: 27/04/ Rate EUR to ISK: listing: 30/04/ listing: 27/04/ Rate EUR to JPY: listing: 30/04/ listing: 27/04/ Rate EUR to KRW: listing: 30/04/ listing: 27/04/ Rate EUR to MXN: listing: 30/04/ listing: 27/04/ Rate EUR to NOK: listing: 30/04/ listing: 27/04/ Rate EUR to NZD: listing: 30/04/ listing: 27/04/ Rate EUR to PLN: listing: 30/04/ listing: 27/04/ Rate EUR to SEK: listing: 30/04/ listing: 27/04/ Rate EUR to SD: listing: 30/04/ listing: 27/04/ Rate EUR to TRY: listing: 30/04/ listing: 27/04/ Rate EUR to USD: listing: 30/04/ listing: 27/04/ Rate EUR to ZAR: listing: 30/04/ listing: 27/04/ Rate BP to EUR: listing: 30/04/ listing: 27/04/ Rate BP to USD: listing: 30/04/ listing: 27/04/ Rate HUF to EUR: listing: 30/04/ listing: 27/04/ Rate JPY to EUR: listing: 30/04/ listing: 27/04/ Rate KRW to USD: listing: 30/04/ listing: 27/04/ Rate MXN to USD: listing: 30/04/ listing: 27/04/ Rate NOK to EUR: listing: 30/04/ listing: 27/04/ Rate NZD to EUR: listing: 30/04/ listing: 27/04/ Rate PLN to EUR: listing: 30/04/ listing: 27/04/ Rate SEK to EUR: listing: 30/04/ listing: 27/04/ Rate SD to USD: listing: 30/04/ listing: 27/04/