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AURUM FCP Fonds Commun de Placement Semi-Annual Report as at June - PDF document

Dec 31, 2023 •880 likes •1.05k views

AURUM FCP Fonds Commun de Placement Semi-Annual Report as at June 30, 2010 (Unaudited) AURUM FCP - USD Liquidity Fund No subscription can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the

  1. AURUM FCP Fonds Commun de Placement Semi-Annual Report as at June 30, 2010 (Unaudited) AURUM FCP - USD Liquidity Fund No subscription can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the current prospectus which will be accompanied AURUM FCP - Cross Markets Fund by a copy of the latest available annual report and a copy of the latest available semi-annual report, if published after such annual report.

  2. Table of Contents AURUM FCP Organisation 3 General Information 4 Statement of Net Assets 5 Statement of Operations and Changes in Net Assets 6 Statistics 7 AURUM FCP - USD Liquidity Fund Statement of Investments and Other Net Assets 8 Portfolio Breakdowns 9 AURUM FCP - Cross Markets Fund Statement of Investments and Other Net Assets 10 Portfolio Breakdowns 12 Notes to the Financial Statements 13 2

  3. Organisation AURUM FCP Management Company Luxembourg Financial Group Asset Management S.A. 19, rue de Bitbourg L-1273 Luxembourg Grand Duchy of Luxembourg Directors of the Management Company Bodo Demisch, Chaiman of the Board; Johan Groothaert, Managing Director; Alexander Szewald, Director; Gerald Pittner, Director; Henry Kelly, Director; Christian Klar, Director; Custodian and Paying Agent BNP Paribas Securities Services, Luxembourg Branch 33, rue de Gasperich L-5826 Hesperange Grand Duchy of Luxembourg Administrative Agent BNP Paribas Securities Services, Luxembourg Branch 33, rue de Gasperich L-5826 Hesperange Grand Duchy of Luxembourg Independent Auditor Ernst & Young S.A. 7, Parc d'Activit é Syrdall L-5365 Munsbach Grand Duchy of Luxembourg Legal and tax adviser Allen & Overy Luxembourg 33, Avenue J.F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg 3

  4. General Information AURUM FCP Fiscal year The Fiscal Year begins on 1 January and terminates on 31 December of each year, except for the first Fiscal Year which began on 13 March 2009 and ended on 31 December 2009. Periodic Reports Annual report and audited financial statements are established at the end of each Fiscal Year, and, for the first time as per 31 December 2009. In addition, unaudited semi-annual reports are established as per the last day of the month of June of each year. Those financial reports will provide information on each of the Sub-Fund's assets as well as the consolidated accounts of the Fund and be made available to the Unitholders free of charge at the offices of the Management Company and Administrative Agent. The financial statements of each Sub-Fund are established in the Reference Currency of the Sub-fund. The combined financial statements are in EUR. The portfolio movements can be obtained free of charge from the registered office of the Management Company. 4

  5. Statement of Net Assets as at June 30, 2010 AURUM FCP AURUM FCP - AURUM FCP - Combined USD Liquidity Cross Markets Statements Fund Fund Notes USD SEK EUR Assets Investment in securities at cost 189,597,272 566,093,754 214,212,710 Unrealised appreciation / (depreciation) on securities 351,691 (50,128,420) (4,975,213) Investment in securities at market value 2.2 189,948,963 515,965,334 209,237,497 Cash at bank 6,598,761 64,858,157 12,195,797 Receivable on Units sold - 961,819 100,969 Dividends and interest receivable 2.3 25,861 3,932,755 433,961 Formation expenses 2.6 92,306 - 75,358 Total assets 196,665,891 585,718,065 222,043,582 Liabilities Bank overdraft 7 - 6 Accrued expenses 60,561 1,078,913 162,703 Payable for investment purchased - 18,813,202 1,974,953 Total liabilities 60,568 19,892,115 2,137,662 Net assets at the end of the period 196,605,323 565,825,950 219,905,920 Statement of changes in the number of units For the period ended June 30, 2010 Units outstanding at the beginning of the period 208,901 5,002,543 Number of units issued 40,224 1,571,712 Number of units redeemed (53,999) (1,364,724) Units outstanding at the end of the period 195,126 5,209,531 Net Asset Value per unit Class A Units 1,007.58 91.23 Units outstanding at the beginning of the period - 1,021,127 Number of units issued - 144,364 Number of units redeemed - (180,115) Units outstanding at the end of the period - 985,376 Net Asset Value per unit Class B Units - 91.92 The accompanying notes are an integral part of these financial statements. 5

  6. Statement of Operations and Changes in Net Assets for the period ended June 30, 2010 AURUM FCP AURUM FCP - AURUM FCP - Combined USD Liquidity Cross Markets Statements Fund Fund Notes USD SEK EUR Income Interest on bonds 2.3 176,217 6,283,416 803,477 Total income 176,217 6,283,416 803,477 Expenses Management fees 5 - 5,568,300 584,543 Custodian fees 3 17,237 94,869 24,031 Administration fees 4 33,153 158,285 43,682 Professional fees 10,835 89,375 18,228 Taxe d'abonnement 6 10,665 129,689 22,321 Amortisation of formation expenses 2.6 10,675 - 8,715 Printing & Publication fees 2,437 13,625 3,420 Other expenses 14,144 144,300 26,696 Total expenses 99,146 6,198,443 731,636 Net investment income / (loss) 77,071 84,973 71,841 Net realised gain / (loss) on: Investments 225,751 (3,588,988) (192,460) Foreign currencies transactions - 21,835 2,292 Net realised gain / (loss) for the period 302,822 (3,482,180) (118,327) Net change in unrealised appreciation / (depreciation) on: Investments (98,444) (48,489,043) (5,170,602) Increase / (Decrease) in net assets as a result of operations 204,379 (51,971,223) (5,288,929) Proceeds received on subscription of shares 40,500,000 167,548,546 50,652,660 Net amount paid on redemption of shares (54,393,825) (150,336,951) (60,188,661) Net assets at the beginning of the period 210,294,769 600,585,578 205,199,272 Translation difference - - 29,531,578 Net assets at the end of the period 196,605,323 565,825,950 219,905,920 The accompanying notes are an integral part of these financial statements. 6

  7. Statistics AURUM FCP Net asset value Net asset value Net Asset Value Class A Units Class B Units AURUM FCP - USD Liquidity Fund USD USD 31/12/08 - - - 31/12/09 1,006.67 - 210,294,769 30/06/10 1,007.58 - 196,605,323 AURUM FCP - Cross Markets Fund SEK SEK SEK 31/12/08 - - - 31/12/09 99.66 99.90 600,585,578 30/06/10 91.23 91.92 565,825,950 The accompanying notes are an integral part of these financial statements. 7

  8. Statement of Investments and Other Net Assets as at June 30, 2010 AURUM FCP - USD Liquidity Fund Currency Nominal Denomination Rate Maturity Date Market value * % of net USD assets * Transferable securities admitted to an official exchange listing Bonds France USD 10,000,000 Dexia Credit Local FRN 23/09/11 10,031,440 5.10 10,031,440 5.10 Netherlands USD 9,224,000 ABN Amro Bank NV FRN 07/02/11 9,145,504 4.65 9,145,504 4.65 Norway USD 12,000,000 DNB Norbank ASA FRN 29/11/10 11,986,236 6.10 11,986,236 6.10 United States USD 10,000,000 JPMorgan Chase FRN 17/01/11 9,993,480 5.08 9,993,480 5.08 Total Bonds 41,156,660 20.93 Total Transferable securities admitted to an official exchange listing 41,156,660 20.93 Other transferable securities Money market instruments United States USD 40,000,000 US Treasury Bill ZC 05/05/11 39,895,283 20.30 USD 35,000,000 US Treasury Bill ZC 02/06/11 34,904,985 17.75 USD 29,000,000 US Treasury Bill ZC 01/07/10 28,999,839 14.75 USD 25,000,000 US Treasury Bill ZC 12/08/10 24,994,774 12.71 USD 20,000,000 US Treasury Bill ZC 29/07/10 19,997,422 10.17 148,792,303 75.68 Total Money market instruments 148,792,303 75.68 Total Other financial instruments 148,792,303 75.68 Total investments 189,948,963 96.61 (Cost : USD 189,597,272) Cash at bank 6,598,754 3.36 Other net assets 57,606 0.03 Total net assets 196,605,323 100.00 * Any differences in the market value and the percentage of net asset figures are the result of roundings. The accompanying notes are an integral part of these financial statements. 8

  9. Portfolio Breakdowns AURUM FCP - USD Liquidity Fund Nature allocation % of portfolio % of net assets Country allocation % of portfolio % of net assets Money market instruments 78.33 75.68 United States 83.60 80.76 Bonds 21.67 20.93 Norway 6.31 6.10 France 5.28 5.10 100.00 96.61 Netherlands 4.81 4.65 100.00 96.61 Top Ten Holdings Rate Maturity Date Market value % of net assets USD US Treasury Bill Government ZC 05/05/11 39,895,283 20.30 US Treasury Bill Government ZC 02/06/11 34,904,985 17.75 US Treasury Bill Government ZC 01/07/10 28,999,839 14.75 US Treasury Bill Government ZC 12/08/10 24,994,774 12.71 US Treasury Bill Government ZC 29/07/10 19,997,422 10.17 DNB Norbank ASA Banks FRN 29/11/10 11,986,236 6.10 Dexia Credit Local Banks FRN 23/09/11 10,031,440 5.10 JPMorgan Chase Banks FRN 17/01/11 9,993,480 5.08 ABN Amro Bank NV Banks FRN 07/02/11 9,145,504 4.65 9

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