Credit Suisse Portfolio Fund (Lux) Unaudited Semi-Annual Report

More documents

Recommendations

Info

Credit Suisse Portfolio Fund (Lux) • Unaudited Semi-Annual Report at 30.09.2010 Consolidated Report Page 6 Notes General Credit Suisse Portfolio Fund (Lux) ("the Fund") is a Luxembourg mutual investment Fund with subfunds ("umbrella Fund"). The fund is registered in Luxembourg as an undertaking for collective investment in transferable securities under Part I of the law of 20.12.2002. As of 30.09.2010 the Fund had 10 subfunds. Summary of significant accounting policies a) Computation of the net asset value of each subfund The net asset value of each subfund is determined each day on the basis of income/expenses accrued up to the same day, transactions in the investment portfolio until the preceding day and the valuation of net assets on the basis of the last available market price. The financial statements reflect the net asset values as calculated on 30.09.2010 based on the market prices of the investments as of 30.09.2010. b) Valuation of investment securities of each subfund Securities which are listed on a stock exchange or which are regularly traded on such are valued at the last available price paid. If such a price is not available for a particular exchange session, but a closing mid-price (the mean of the listed closing bid and ask prices) or a closing bid price is available, then the closing midprice, or alternatively the closing bid price, may be taken as a basis for the valuation. If the security is traded on more than one stock exchange, valuation is made by reference to the exchange on which it is chiefly traded. In the case of securities for which trading on a stock exchange is not significant, but which are bought and sold on a secondary market with regulated trading among securities dealers (with the effect that the price is set on a market basis), the Management Company may decide to base the valuation on this secondary market. Securities traded on a regulated market are valued in the same way as securities listed on a stock exchange. Securities that are not listed on a stock exchange and are not traded on a regulated market are valued at their last available market price; if no such price is available, the Management Company shall value these securities in accordance with other criteria to be established by the Management Company and on the basis of the selling prices that can probably be achieved, which shall be estimated with due care and in good faith. If a valuation in accordance with the above rules is rendered impossible or incorrect owing to special or changed circumstances, the Management Company is entitled to use other generally recognized valuation principles in order to evaluate the subfund's assets. c) Net realised gain/loss on sales of investments of each subfund The realised gains or losses on the sales of securities are calculated on the basis of the average acquisition cost. d) Foreign exchange conversion The financial statements are kept in the reference currency of each subfund and the consolidated financial statements are kept in CHF. Cash at banks, other net assets and the value of portfolio securities in currencies other than reference currency of each subfund are converted into the reference currency at the foreign exchange rate prevailing on the date of valuation. Income and expenses in currencies other than reference currency of each subfund are converted into the reference currency at the foreign exchange rate applicable at the date they accrue to the subfund. Realised gains or losses on foreign currencies are accounted for in the statement of operations. The acquisition cost of securities in currencies other than the reference currency of each subfund is converted into the reference currency at the foreign exchange rate valid at the date of acquisition. e) Transactions on investments in securities of each subfund The transactions on investments in securities are booked on a trade date basis. f) Valuation of financial futures contracts of each subfund Unmatured financial futures contracts are valued at valuation date at market rates prevailing at this date and resulting unrealised gains or losses are posted to the statement of operations. g) Valuation of forward foreign exchange contracts of each subfund Unmatured forward foreign exchange contracts are valued at valuation date at forward exchange rates prevailing at this date and resulting unrealised gains or losses are posted to the statement of operations. h) Allocation of accrued expenses Accrued expenses which can be allocated directly to a subfund are charged to this subfund. Accrued expenses which cannot be allocated directly are divided among the subfunds in proportion to the net assets of each subfund. Management fee (see detail at subfund level) As remuneration for its services and reimbursement of its expenses, the Management Company is entitled to a management fee, payable at the end of each month and calculated on the basis of the average of the daily net asset value of each subfund during the relevant month. "Taxe d'abonnement" Under the prevailing laws and regulations, the Fund is subject in Luxembourg to a "Taxe d'abonnement" at the annual rate of 0.05%, payable quarterly and calculated on the basis of the net assets of each subfund at the end of each quarter. Total Expense Ratio (TER) (see detail at subfund level) The TER expresses the sum of all costs and commissions charged on an ongoing basis to the fund’s assets, taken retrospectively as a percentage of these assets. Portfolio Turnover Rate (PTR) (see detail at subfund level) The PTR is used as the indicator for the fund’s trading activities (excluding purchases and sales resulting from subscriptions and buybacks) and is expressed as a percentage of the average net assets of the fund during the preceding twelve-month period. The PTR is calculated following the SFA guideline. Changes in the composition of the securities portfolio Changes in the composition of the securities portfolio during the reporting period are available to unit holders free of charge at the registered office of the Management Company or the local representatives in the countries where the Fund is registered. Exchange Rates The consolidated financial statements are kept in CHF. For this purpose, the financial statements of the subfunds are converted into CHF at the foreign exchange rates as of 30.09.2010: - EUR 1.33375 - USD 1.02358 Fund performance (see detail at subfund level) The performance of the year Y is based on the net asset values as calculated on the first business day of the year Y respectively Y+1. Those net asset values reflect the market prices of the investments as of the last business day of the year Y-1 respectively Y. The YTD (year-To-Date) Performance includes the period from 01.01.2010 until 30.09.2010. Historical performance is no indicator of current or future performance. The performance data given does not take into account commissions and costs incurred in the purchase or redemption of fund units.
Credit Suisse Portfolio Fund (Lux) • Unaudited Semi-Annual Report at 30.09.2010 Credit Suisse Portfolio Fund (Lux) Balanced (Euro) Technical Data and Notes Technical Data Valoren ISIN Management Fee Total Expense Ratio B - Capitalisation EUR 951124 LU0091100973 1.50% 1.65% The Portfolio Turnover Rate was 21.63% for the period from 01.10.2009 to 30.09.2010. Fund Performance YTD Since Inception 2009 Page 7 2008 2007 B - Capitalisation EUR 7.74% / 18.62% -22.04% -1.45% Notes Securities Lending As of 30.09.2010 the subfund participated in the "Securities Lending" - system for a global market value of EUR 86,409,113.02. Financial futures contracts Description Currency Quantity Engagement Valuation (in EUR) DJ EURO STOXX 50 INDEX FUTURE -10- 12/10 EUR 48 1,326,522.31 -24,149.57 EPRA EUROPE INDEX EUR -10- 12/10 EUR 1 13,572.39 126.52 FTSE 100 INDEX FUTURE -10- 12/10 GBP 6 340,217.14 -739.61 HANG SENG INDEX FUTURES -50- 10/10 HKD 0 414,962.60 547.11 SGX MSCI SINGAPORE INDEX -200- 10/10 SGD 0 27,044.68 78.65 SMI INDEX FUTURE -10- 12/10 CHF 0 2,898.37 -46.94 S&P 500 E-MINI INDEX FUTURE -50- 12/10 USD 2 127,588.80 1,571.75 NYFE INDICES CONTNUOUS COMMODITY INDEX FUTURES -500- 01/11 USD 41 11,029,000.00 670,027.60 S&P 500 INDEX FUTURE -250- 12/10 USD 2 637,944.01 8,169.01 S&P/ASX 200 INDEX FUTURE -25- 12/10 AUD 2 199,477.42 -2,165.90 S&P/TSE CANADA 60 INDEX FUTURE -200- 12/10 CAD 1 108,699.64 1,202.47 TOPIX INDEX FUTURE -10000- 12/10 JPY 6 51,948,069.47 -3,735.28 Unrealised gain on financial futures contracts 650,885.81 Forward foreign exchange contracts Purchases Sales Maturity Valuation (in EUR) JPY 76,500,000 EUR -691,807 17.12.2010 -20,131.80 USD 22,750,000 EUR -17,566,211 17.12.2010 -882,359.45 EUR 1,419,393 CAD -1,900,000 17.12.2010 63,917.05 CHF 5,950,000 EUR -4,576,571 17.12.2010 -109,127.80 GBP 2,950,000 EUR -3,523,650 17.12.2010 -117,549.53 Unrealised loss on forward foreign exchange contracts -1,065,251.53
Page 1 and 2: Credit Suisse Portfolio Fund (Lux)
Page 5: Credit Suisse Portfolio Fund (Lux)
Page 57 and 58:
Credit Suisse Portfolio Fund (Lux)
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199:
CREDIT SUISSE PORTFOLIO FUND MANAGE
show all

Credit Suisse Portfolio Fund (Lux) Unaudited Semi-Annual Report

Create successful ePaper yourself

Delete template?

Save as template?