Universe, The CMI Global Network Fund - Clerical Medical

More documents

Recommendations

Info

Universe, The CMI Global Network FundNOTES TO THE FINANCIAL STATEMENTS - continued3. MANAGEMENT FEES - continuedClass 1 Class 2 Class 3 Class 7HLE Euro-Garant 90 Flex 1.65% N/a N/a N/aCMIG Access 70% Flexible Sub-Fund N/a N/a N/a 0.15%CMIG Access 80% Flexible Sub-Fund N/a N/a N/a 0.15%CMIG Access 90% Flexible Sub-Fund N/a N/a N/a 0.15%4. TAXE D’ABONNEMENTUnder present Luxembourg law and practice, the Fund is not liable to any Luxembourg income tax nor are dividends paid by the Fund liable toany Luxembourg withholding tax. The Fund in respect of class 1 Shares (excluding the Currency Reserve and the CMIG sub-funds) is liable inLuxembourg to a tax of 0.05% per annum of the value of its net assets, such tax being payable quarterly on the basis of the value of the netassets of the Fund at the end of the relevant calendar quarter. In respect of class 2, class 3 and class 7 Shares, the CMIG sub-funds and thethree Currency Reserve sub-funds, the tax levied will be at the rate of 0.01% per annum. No stamp duty or other tax is payable in Luxembourgon the issue of Shares except a once and for all initial registration tax which was paid on incorporation. No Luxembourg capital gains tax ispayable on the realised or unrealised capital appreciation of the assets of the Fund.5. DISTRIBUTIONSThe following dividend distributions were declared on 1 October 2009 in respect of the year from 1 October 2008 to 30 September 2009and paid on 01 October 2009.CMI CONTINENTAL EUROPEAN EQUITY Share Class 1 EUR 0.328CMI CONTINENTAL EUROPEAN EQUITY Share Class 2 EUR 0.490CMI CONTINENTAL EUROPEAN EQUITY Share Class 3 EUR 0.526CMI CONTINENTAL EUROPEAN EQUITY Share Class 7 EUR 0.540CMI GERMAN EQUITY Share Class 1 EUR 0.772CMI GERMAN EQUITY Share Class 2 EUR 1.094CMI GERMAN EQUITY Share Class 7 EUR 1.204CMI JAPAN ENHANCED EQUITY Share Class 1 JPY 24.541CMI JAPAN ENHANCED EQUITY Share Class 2 JPY 38.976CMI JAPAN ENHANCED EQUITY Share Class 3 JPY 41.931CMI JAPAN ENHANCED EQUITY Share Class 7 JPY 41.425CMI PACIFIC BASIN ENHANCED EQUITY Share Class 1 USD 0.546CMI PACIFIC BASIN ENHANCED EQUITY Share Class 2 USD 0.695CMI PACIFIC BASIN ENHANCED EQUITY Share Class 3 USD 0.726CMI PACIFIC BASIN ENHANCED EQUITY Share Class 7 USD 0.748CMI US ENHANCED EQUITY Share Class 1 USD 0.354CMI US ENHANCED EQUITY Share Class 2 USD 0.553CMI US ENHANCED EQUITY Share Class 3 USD 0.593CMI US ENHANCED EQUITY Share Class 7 USD 0.588CMI UK EQUITY Share Class 1 GBP 0.220CMI UK EQUITY Share Class 2 GBP 0.297CMI UK EQUITY Share Class 3 GBP 0.314CMI UK EQUITY Share Class 7 GBP 0.330CMI EURO EQUITY TRACKING Share Class 1 EUR 0.473CMI EURO EQUITY TRACKING Share Class 2 EUR 0.524CMI EURO EQUITY TRACKING Share Class 3 EUR 0.533CMI EURO EQUITY TRACKING Share Class 7 EUR 0.496CMI JAPAN EQUITY INDEX TRACKING Share Class 1 JPY 5.750CMI JAPAN EQUITY INDEX TRACKING Share Class 2 JPY 7.419CMI JAPAN EQUITY INDEX TRACKING Share Class 3 JPY 7.728CMI UK EQUITY INDEX TRACKING Share Class 1 GBP 0.353CMI UK EQUITY INDEX TRACKING Share Class 2 GBP 0.389CMI UK EQUITY INDEX TRACKING Share Class 3 GBP 0.396CMI UK EQUITY INDEX TRACKING Share Class 7 GBP 0.432CMI US EQUITY INDEX TRACKING Share Class 1 USD 0.301CMI US EQUITY INDEX TRACKING Share Class 2 USD 0.390CMI US EQUITY INDEX TRACKING Share Class 3 USD 0.406CMI US EQUITY INDEX TRACKING Share Class 7 USD 0.409CMI EURO BOND Share Class 1 EUR 1.470CMI EURO BOND Share Class 2 EUR 1.719CMI EURO BOND Share Class 3 EUR 1.769CMI EURO BOND Share Class 7 EUR 1.918CMIG FIXED TERM EURO BOND Share Class 3 EUR 1.748CMI JAPAN BOND Share Class 1 JPY 8.274CMI JAPAN BOND Share Class 2 JPY 17.536CMI JAPAN BOND Share Class 3 JPY 19.467CMI UK BOND Share Class 1 GBP 0.245CMI UK BOND Share Class 2 GBP 0.285CMI UK BOND Share Class 3 GBP 0.293CMI US BOND Share Class 1 USD 0.373CMI US BOND Share Class 2 USD 0.445CMI US BOND Share Class 3 USD 0.460CMI US BOND Share Class 7 USD 0.777CMIG FIXED TERM US BOND Share Class 3 USD 1.311CMI STERLING CURRENCY RESERVE Share Class 1 GBP 0.123CMI STERLING CURRENCY RESERVE Share Class 2 GBP 0.139CMI STERLING CURRENCY RESERVE Share Class 3 GBP 0.142CMI US DOLLAR CURRENCY RESERVE Share Class 1 USD 0.087CMI US DOLLAR CURRENCY RESERVE Share Class 2 USD 0.118CMI US DOLLAR CURRENCY RESERVE Share Class 3 USD 0.124CMI US DOLLAR CURRENCY RESERVE Share Class 7 USD 0.241CMI EURO CURRENCY RESERVE Share Class 1 EUR 0.672CMI EURO CURRENCY RESERVE Share Class 2 EUR 0.753CMI EURO CURRENCY RESERVE Share Class 3 EUR 0.769CMI EURO CURRENCY RESERVE Share Class 7 EUR 0.797CMI GLOBAL BOND Share Class 1 GBP 0.027CMI GLOBAL BOND Share Class 2 GBP 0.041CMI GLOBAL MIXED Share Class 1 GBP 0.019CMI GLOBAL MIXED Share Class 2 GBP 0.034CMI GLOBAL EQUITY Share Class 1 GBP 0.013CMI GLOBAL EQUITY Share Class 2 GBP 0.027CMIG ACCESS 80% Share Class 7 EUR 0.246CMI EUROPEAN ENHANCED EQUITY Share Class 7 EUR 0.6836. OTHER INCOME6.1 Securities LendingThe Fund has signed a contract for securities lending with Royal Trust Corporation of Canada.The Fund earned net income of EUR 924,476 from its activity in securities lending during the period. As at 31 March 2010, the Fund hadassets on loan to the value of EUR 1,137,047,707.7. RELATED PARTY TRANSACTIONSThere were no significant related party transactions during the period, other than those reported in these Financial Statements.19
Universe, The CMI Global Network FundNOTES TO THE FINANCIAL STATEMENTS - continued8. PURCHASE AND SALE OF SECURITIESA listing of purchases and sales of securities for the year for each sub-fund is available upon request of the Fund’s registered office.9. SOFT COMMISSIONSNo soft commission arrangements were entered into by the Management Company or the Investment Advisor with brokers during the period.10. FUTURESCommitments for financial futures contracts and the related unrealised profit/(loss) recorded as at 31 March 2010 were as follows:Sub-funds Description Contract ValueUnrealisedGain/(Loss)CMI Japan Enhanced Equity TOPIX INDEX (TOKYO) 10/6/2010 (11 contracts) JPY 107,525,000.00 JPY 6,988,730.00CMI Pacific Basin Enhanced Equity HONG KONG HANG SENG INDICES 29/04/2010 (1 contract) HKD 1,061,500.00 HKD 3,883.50CMI Pacific Basin Enhanced Equity HONG KONG HANG SENG INDICES 29/04/2010 (9 contracts) HKD 9,553,500.00 HKD 29,005.98CMI US Enhanced Equity S&P 500 EMINI INDEX 18/06/2010 (25 contracts) USD 1,461,875.00 USD (312.50)CMI US Enhanced Equity S&P 500 EMINI INDEX 18/06/2010 (41 contracts) USD 2,397,475.00 USD 46,842.50Euro Equity Index Tracking DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (3 contracts) EUR 86,070.00 EUR 1,350.00Japan Equity Index Tracking TOPIX INDEX (TOKYO) 10/6/2010 (1 contract) JPY 9,775,000.00 JPY 63,539.00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (1 contract) GBP 56,320.00 GBP 725.00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (2 contracts) GBP 112,640.00 GBP 630.00UK Equity Index Tracking UKX FTSE 100 INDEX 18/06/2010 (15 contracts) GBP 844,800.00 GBP 8,962.50US Equity Index Tracking S&P 500 EMINI INDEX 18/06/2010 (3 contracts) USD 175,425.00 USD 862.50US Equity Index Tracking S&P 500 EMINI INDEX 18/06/2010 (19 contracts) USD 1,111,025.00 USD 21,707.50CMIG Access 80% DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (35 contracts) EUR 1,004,150.00 EUR 17,500.00CMI European Enhanced Equity DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (8 contracts) EUR 229,520.00 EUR 3,600.00Access 80% Guaranteed DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 contracts) EUR 172,140.00 EUR (240.00)CMIG Access 70% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 contracts) EUR 172,140.00 EUR (240.00)CMIG Access 70% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (25 contracts) EUR 717,250.00 EUR 12,500.00CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (5 contracts) EUR 143,450.00 EUR (200.00)CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (50 contracts) EUR 1,434,500.00 EUR 2,000.00CMIG Access 80% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (126 contracts) EUR 3,614,940.00 EUR 63,000.00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (6 contracts) EUR 172,140.00 EUR 240.00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (11 contracts) EUR 315,590.00 EUR 5,500.00CMIG Access 90% Flexible DOW JONES EURO STOXX 50/PR.IND 18/06/2010 (20 contracts) EUR 573,800.00 EUR (800.00)Related cash balances held as margin against the above positions are included in cash at bank.11. CURRENCY RATESThe accounting for the Fund as a whole is carried out in EUR. Exchange rates as at 31 March 2010 were:1 EUR = 0.889487 GBP1 EUR = 1.346150 USD1 EUR = 125.750589 JPY12. NOTIONAL COMMISSIONThe notional commissionis a provision calculated in order to pay the broker fees arising on the sales of securities when a large redemption isregistered.20
Page 1 and 2: Universe, The CMIGlobal Network Fun
Page 3 and 4: Universe, The CMI Global Network Fu
Page 19: Universe, The CMI Global Network Fu
Page 41: Universe, The CMI Global Network Fu
Page 70 and 71:
Universe, The CMI Global Network Fu
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
show all

Universe, The CMI Global Network Fund - Clerical Medical

Create successful ePaper yourself

Delete template?

Save as template?