Merrill Lynch International Investment Funds Audited Annual Report ...
Merrill Lynch International Investment Funds Audited Annual Report ...
Merrill Lynch International Investment Funds Audited Annual Report ...
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World Financials Fund continued<br />
Purchased Call Options as at 31 December 2006<br />
Par Value<br />
Subject<br />
to Call<br />
US$<br />
Issuer<br />
Unrealised<br />
profit<br />
US$<br />
Value<br />
US$<br />
889 Bear Stearns Call Option<br />
strike price US$100<br />
expiring on 19/1/2008 2,667,991 6,094,095<br />
750 Goldman Sachs Call Option<br />
strike price US$115<br />
expiring on 20/1/2007 3,077,371 6,528,750<br />
Par Value<br />
Subject<br />
to Call<br />
US$<br />
Issuer<br />
Unrealised<br />
profit<br />
US$<br />
Value<br />
US$<br />
707 Goldman Sachs Call Option<br />
strike price US$125<br />
expiring on 20/1/2007 3,219,924 5,450,970<br />
781 Goldman Sachs Call Option<br />
strike price US$140<br />
expiring on 20/1/2007<br />
___________<br />
2,723,538<br />
_________<br />
4,850,010<br />
Total Purchased Call Options<br />
___________<br />
11,688,825 22,923,825<br />
_________<br />
Note: Purchased Call Options are included in the Statement of Net Assets (see Note 2c).<br />
Sector Breakdown as at 31 December 2006<br />
% of net<br />
assets<br />
Insurance 24.1<br />
Commercial banks 22.6<br />
Diversified financial services 16.8<br />
Real estate management & development 7.8<br />
Capital markets 7.1<br />
Consumer finance 4.6<br />
Thrifts & mortgage finance 4.0<br />
Real estate investment trusts 1.7<br />
Household durables 1.1<br />
Other net assets<br />
___________<br />
10.2<br />
___________<br />
100.0<br />
202 <strong>Merrill</strong> <strong>Lynch</strong> <strong>International</strong> <strong>Investment</strong> <strong>Funds</strong>
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