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

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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)
Sparinvest SICAV Notes to the Financial Statements (Continued) as at December 31, 2009 NOTE 7 – FORWARD FOREIGN EXCHANGE CONTRACTS (continued) SPARINVEST - SECURUS Sub-Fund: Purchase currency Purchase amount Sale currency Sale amount Maturity date Unrealised Gain/Loss (EUR) EUR 3,806,904.60 USD 5,724,517.28 1/02/2010 (176,494.42) EUR 240,611.89 NOK 2,053,598.38 1/02/2010 (6,731.55) TOTAL (183,225.97) NOTE 8 – POOLING OF ASSETS The assets of certain Sub-Funds are managed in common “pools”. Shareholders are advised that such pools are used solely for facilitating the internal management process. These pools do not constitute separate entities and can therefore not directly be accessed by shareholders. Each of the Sub-Funds is allocated its specific assets from each pool in which it invests. The assets attributable to each participating Sub-Fund have been initially determined by reference to its initial allocation of assets to such a pool and will change in the event of additional allocations or withdrawals from the participating Sub-Funds. The entitlements of each participating Sub-Fund to the pool apply to each and every investment position of such pool. Additional investments made on behalf of the pooled Sub-Funds shall be allotted to such Sub-Funds in accordance with their respective entitlements according to above-mentioned definition, whereas assets sold shall be levied similarly on the assets attributable to each participating Sub-Fund. Percentage of allocation in Pools as of 31.12.09: SPARINVEST - EQUITAS SPARINVEST - ETHICAL GLOBAL VALUE SPARINVEST - GLOBAL VALUE SPARINVEST - HIGH YIELD VALUE BONDS SPARINVEST - INVESTMENT GRADE VALUE BONDS SPARINVEST - PROCEDO SPARINVEST - SECURUS Pool Pool Pool Pool Pool Pool Pool Sparinvest - Sparinvest - Sparinvest - Sparinvest - Sparinvest - Sparinvest - Sparinvest - Global Equity Emerging Market Bonds Short European Bonds Long European Bonds High Yield Bonds Corporate Bonds Ethical Global Value Other Investments 100.00% - - - - - - - 100.00% - - - - - - 100.00% - 100.00% - - - - - - 94.67% 5.33% 100.00% - - - - 100.00% - - - 100.00% - - - - - 100.00% - - 100.00% 66.61% 3.33% - 19.31% 4.34% 5.89% - 0.52% 100.00% 28.31% 5.62% 46.59% 9.50% 5.38% 4.60% - - 100.00% TOTAL 163
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Sparinvest SICAV Annual Report 2009
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Sparinvest SICAV Table of contents
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Sparinvest SICAV Management and Adm
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Sparinvest SICAV Report of the Inve
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Sparinvest SICAV Report of the Inve
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Sparinvest SICAV Consolidated State
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Sparinvest SICAV SPARINVEST - EQUIT
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Sparinvest SICAV SPARINVEST - ETHIC
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Sparinvest SICAV SPARINVEST - EUROP
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Sparinvest SICAV SPARINVEST - GLOBA
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Sparinvest SICAV SPARINVEST - HIGH
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Sparinvest SICAV SPARINVEST - INVES
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Sparinvest SICAV SPARINVEST - LONG
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Sparinvest SICAV SPARINVEST - PROCE
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Sparinvest SICAV Annual Report 2009 R.C.S. Luxembourg B 83.976

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