semi-annual report 30 Sep 2008 - SEB Asset Management

Statement of Income and Expenditure
for the period from 1 April 2008 to 30 September 2008 EUR EUR EUR
I. Income
1. Income from properties 125,233,742.36
of which in foreign currency 19,124,360.67
2. Income from equity interests in real estate companies 7,601,523.58
of which in foreign currency 3,753,253.06
3. Income from liquidity portfolio
3.1. Income from bank deposits 4,718,574.09
of which in foreign currency 32,463.34
4. Other income 27,414,248.24
of which in foreign currency 10,154,736.04
Total income 164,968,088.27
II. Expenditure
1. Management costs
1.1 Operating costs 24,921,891.33
of which in foreign currency 8,026,462.88
1.2 Maintenance costs 6,646,203.66
of which in foreign currency 3,360,691.59
1.3 Property management costs 2,481,347.17
of which in foreign currency 772,047.25
1.4 Other costs 17,338.42
of which in foreign currency 0.00
2. Ground rent, life annuities and temporary annuities 50,744.74
of which in foreign currency 50,744.74
3. Interest expenses 20,040,896.84
of which in foreign currency 6,578,770.98
4. Taxes incurred abroad 6,885,645.96
of which in foreign currency 1,303,190.03
5. Fund management costs
5.1 Remuneration of Fund management 17,458,300.38
5.2 Custodian bank fee 675,709.67
5.3 Remuneration of experts 295,075.53
5.4 Other expenditure in accordance with section 13
of the BVB (Special Fund Rules)
2,202,701.63
Total expenditure 81,675,855.33
III. Equalisation paid – 2,473,165.90
Ordinary net income 80,819,067.04
SEB Total Return Quant Fund
Key figures Investment structure
in % of the
Fund volume Credit rating structure
Return (1 August 2008 – 30 September 2008) – 0.19% Fixed-income bonds 72.6 AAA 53.7
Duration 7.8 years Liquidity 27.4 AA+ 11.7
AA– 11.6
A 11.4
Other 11.6
in % of the
Fund volume
Semi-annual Report as of 30 September 2008 49