Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976

Sparinvest SICAV
Notes to the Financial Statements (Continued)
as at December 31, 2009
NOTE 6 – CUSTODIAN AND CENTRAL ADMINISTRATION FEES (continued)
During the year, Sparinvest S.A. for the rendering of its services was entitled to central administration fees, payable monthly in arrears as
follows:
- SPARINVEST – EQUITAS 0.40%
- SPARINVEST – ETHICAL GLOBAL VALUE 0.40%
- SPARINVEST – EUROPEAN VALUE 0.40%
- SPARINVEST – GLOBAL SMALL CAP VALUE 0.40%
- SPARINVEST – GLOBAL VALUE 0.40%
- SPARINVEST – HIGH YIELD VALUE BONDS 0.20%
- SPARINVEST – INVESTMENT GRADE VALUE BONDS 0.12%
- SPARINVEST – LONG DANISH BONDS 0.13%
- SPARINVEST – PROCEDO 0.35%
- SPARINVEST – SECURUS 0.20%
These fees were calculated on the Net Asset Value of the Sub-Funds on each Valuation Date.
For the provision of its services, RBC Dexia Investor Services Bank S.A. is entitled to the following safe custody fees:
0.035% p.a. on the net assets from 0 to 500 million.
0.020% p.a. on the net assets from 500 million to 1 billion.
0.015% p.a. on the net assets over 1 billion.
In addition to the safe custody fees above, RBC Dexia Investor Services Bank S.A. is entitled to transaction charges in its capacity as
depositary bank.
NOTE 7 – FORWARD FOREIGN EXCHANGE CONTRACTS
As at December 31, 2009, the following forward foreign exchange contracts were outstanding:
SPARINVEST – HIGH YIELD VALUE BONDS Sub-Fund:
162
Purchase currency Purchase amount Sale currency Sale amount Maturity date
Unrealised
Gain/Loss (EUR)
EUR 182,494,219.23 USD 274,217,842.42 1/02/2010 (8,319,968.28)
EUR 29,041,876.16 NOK 247,869,508.80 1/02/2010 (812,498.98)
TOTAL (9,132,467.26)
SPARINVEST - PROCEDO Sub-Fund:
Purchase currency Purchase amount Sale currency Sale amount Maturity date
Unrealised
Gain/Loss (EUR)
EUR 6,356,582.08 USD 9,557,640.29 1/02/2010 (294,091.35)
EUR 477,673.18 NOK 4,076,892.81 1/02/2010 (13,363.77)
TOTAL (307,455.12)