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

Page
Sparinvest SICAV
Table of contents
Management and Administration 5
Consolidated Statement of Net Assets 6
Consolidated Statement of Changes in Net Assets 7
SPARINVEST - EQUITAS 8
2
Statement of Net Assets 8
Statement of Changes in Net Assets 9
Changes in number of shares 10
Statement of Investments 11
Geographical and Economic Portfolio Breakdown 31
SPARINVEST - ETHICAL GLOBAL VALUE 33
Statement of Net Assets 33
Statement of Changes in Net Assets 34
Changes in number of shares 35
Statement of Investments 36
Geographical and Economic Portfolio Breakdown 39
SPARINVEST - EUROPEAN VALUE 41
Statement of Net Assets 41
Statement of Changes in Net Assets 42
Changes in number of shares 43
Statement of Investments 44
Geographical and Economic Portfolio Breakdown 46
SPARINVEST - GLOBAL SMALL CAP VALUE 47
Statement of Net Assets 47
Statement of Changes in Net Assets 48
Changes in number of shares 49
Statement of Investments 50
Geographical and Economic Portfolio Breakdown 53