Sparinvest SICAV Semi Annual Report 2010 R.C.S. Luxembourg B ...

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Sparinvest SICAV Notes to the Financial Statements (Continued) as at June 30, 2010 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 5,477,348.81 USD 7,156,006.11 5/08/2010 (357,301.08) EUR 80,154.07 GBP 69,804.17 5/08/2010 (5,141.42) EUR 287,348.94 NOK 2,268,635.62 5/08/2010 2,606.78 NOK 261,765.65 EUR 33,127.34 5/08/2010 (271.9) USD 205,662.21 EUR 166,951.67 5/08/2010 733.53 TOTAL (359,374.09) 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 30.06.10: SPARINVEST - EQUITAS SPARINVEST - ETHICAL GLOBAL VALUE SPARINVEST - GLOBAL VALUE SPARINVEST – ETHICAL HIGH YIELD VALUE BONDS SPARINVEST - HIGH YIELD VALUE BONDS SPARINVEST - INVESTMENT GRADE VALUE BONDS SPARINVEST - PROCEDO SPARINVEST - SECURUS Pool Pool Pool Pool Pool Pool Pool Sparinvest Other Total Sparinvest - Sparinvest - Sparinvest - Sparinvest - Sparinvest - Sparinvest - - Global Emerging Short Long High Yield Corporate Ethical Investments Equity Market European European Bonds Bonds Global Bonds Bonds Bonds Value 100.00% - - - - - - - 100.00% Page I 164 - - - - - - 100.00% - 100.00% - - - - - - 94.75% 5.25% 100.00% - - - - 100.00% - - - 100.00% - - - - 100.00% - - - 100.00% - - - - - 100.00% - - 100.00% 68.08% 3.46% - 18.08% 4.50% 5.36% - 0.52% 100.00% 25.39% 6.13% 46.82% 11.38% 5.87% 4.41% - - 100.00%
Sparinvest SICAV Notes to the Financial Statements (Continued) as at June 30, 2010 NOTE 9 – DIVIDENDS The following dividends have been paid as at May 20, 2010 based on the dividend policy described in the prospectus: Name of the sub-fund Share class Dividend Ex-Date Currency SPARINVEST - ETHICAL GLOBAL VALUE GBP UKR 0.02 07/06/2010 GBP SPARINVEST - GLOBAL VALUE EUR UKR 0.47 07/06/2010 EUR SPARINVEST - HIGH YIELD VALUE BONDS GBP UKR 1.55 07/06/2010 GBP SPARINVEST - INVESTMENT GRADE VALUE BONDS GBP UKR 1.12 07/06/2010 GBP SPARINVEST - LONG DANISH BONDS GBP UKR 0.03 07/06/2010 GBP NOTE 10 – CHANGES IN THE STATEMENT OF INVESTMENTS A detailed schedule of the changes in the Statement of Investments for each Sub-Fund is available free of charge upon request at the registered office of the Management Company. NOTE 11 – SECURITIES LENDING As at June 30, 2010, the value of the securities lent is as follows: SPARINVEST - EQUITAS 148,546.18 EUR SPARINVEST - ETHICAL GLOBAL VALUE 9,885,112.20 EUR SPARINVEST - ETHICAL HIGH YIELD VALUE BONDS 1,729,286.52 EUR SPARINVEST - EUROPEAN VALUE 6,957,087.38 EUR SPARINVEST - GLOBAL SMALL CAP VALUE 47,502.00 EUR SPARINVEST - GLOBAL VALUE 86,031,748.48 EUR SPARINVEST - HIGH YIELD VALUE BONDS 15,359,153.28 EUR SPARINVEST - INVESTMENT GRADE VALUE BONDS 148,133.96 EUR SPARINVEST - PROCEDO 14,655,177.57 EUR SPARINVEST - SECURUS 2,558,190.24 EUR As at June 30, 2010, the value of the collateral is as follows: SPARINVEST - EQUITAS 155,973.76 EUR SPARINVEST - ETHICAL GLOBAL VALUE 10,379,380.58 EUR SPARINVEST - ETHICAL HIGH YIELD VALUE BONDS 1,815,750.93 EUR SPARINVEST - EUROPEAN VALUE 7,305,032.73 EUR SPARINVEST - GLOBAL SMALL CAP VALUE 49,877.92 EUR SPARINVEST - GLOBAL VALUE 90,333,446.99 EUR SPARINVEST - HIGH YIELD VALUE BONDS 16,127,111.71 EUR SPARINVEST - INVESTMENT GRADE VALUE BONDS 155,540.75 EUR SPARINVEST - PROCEDO 15,387,993.30 EUR SPARINVEST - SECURUS 2,686,111.58 EUR In return for making securities available for loan throughout the period, the sub-funds participating in the programs received fees which are reflected in the financial statements as “Securities lending fees” for a total of EUR 545,664.80. Page I 165
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Sparinvest SICAV Semi Annual Report
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Sparinvest SICAV Management and Adm
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Sparinvest SICAV Consolidated State
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Sparinvest SICAV SPARINVEST - EQUIT
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