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

Sparinvest SICAV
SPARINVEST - ETHICAL GLOBAL VALUE
Statement of Investments (continued) as at June 30, 2010
(expressed in EUR)
Description
Quantity
Currency
SALZGITTER AG 16,105.16 EUR 1,378,189.44 790,360.72 0.93
TESSENDERLO CHEMIE 42,526.34 EUR 1,587,082.88 899,857.28 1.06
TOTAL PRODUCE PLC 434,720.18 EUR 269,526.51 147,804.86 0.17
UPM-KYMMENE CORP 115,141.73 EUR 1,068,047.28 1,256,196.23 1.49
VILLEROY + BOCH AG/VORZ 11,081.85 EUR 105,831.66 46,565.93 0.06
38,737,648.35
29,388,981.11 34.77
GBP
BERKELEY GROUP HLD PLC/UNITS 35,646.72 GBP 359,289.74 332,367.52 0.39
BOVIS HOMES GROUP PLC 16,253.87 GBP 82,055.61 68,902.60 0.08
D S SMITH PLC 673,449.23 GBP 1,121,465.20 987,553.22 1.17
MILLENNIUM & COPTHORNE HOTELS 348,170.26 GBP 1,460,449.91 1,734,629.75 2.05
3,023,260.46
3,123,453.09 3.69
HKD
HUTCHISON WHAMP LTD 486,748.47 HKD 3,309,442.30 2,461,882.77 2.91
3,309,442.30
2,461,882.77 2.91
JPY
AIDA ENGINEERING LTD 99,008.95 JPY 353,638.29 336,218.35 0.40
AMADA CO LTD 48,808.82 JPY 285,060.36 265,015.31 0.31
CANON MARKETING JAPAN INC 58,877.70 JPY 714,019.48 680,009.86 0.80
CITIZEN HOLDINGS CO LTD 167,790.64 JPY 895,930.10 847,736.11 1.00
CLEANUP CORP 59,712.48 JPY 255,431.53 269,815.72 0.32
DAI NIPPON PRINTING CO LTD 67,606.82 JPY 649,784.57 642,704.62 0.76
FUJIFILM HOLDINGS CORP 42,357.32 JPY 1,027,348.18 1,008,819.24 1.19
FUNAI ELECTRIC CO LTD 32,680.06 JPY 735,452.88 965,402.76 1.14
GUNMA BANK LTD 260,327.26 JPY 1,193,703.24 1,133,186.53 1.34
MAEZAWA KASEI INDUSTRIES CO 15,077.56 JPY 107,798.44 117,248.77 0.14
MANDOM CORP 5,132.35 JPY 85,155.33 114,254.28 0.14
MSIG HOLDINGS 241,560.50 JPY 5,528,650.69 4,266,006.37 5.05
NICHICON CORP 132,359.62 JPY 781,810.18 1,326,490.03 1.57
NIPPON TEL & TEL 54,909.93 JPY 1,699,539.88 1,839,385.93 2.18
NISSHINBO IND 16,592.53 JPY 141,855.28 131,167.52 0.16
NKSJ HOLDINGS INC 220,706.37 JPY 1,559,466.68 1,074,462.22 1.27
PANASONIC CORP 79,438.01 JPY 945,844.85 820,241.66 0.97
SANGETSU CO 33,298.42 JPY 383,725.01 565,993.07 0.67
SEKISUI HOUSE LTD 45,861.33 JPY 302,433.54 322,448.70 0.38
SHOWA CORP 123,073.26 JPY 637,852.13 566,310.13 0.67
SONY CORP 48,984.02 JPY 880,365.43 1,074,234.55 1.27
TACHI-S 14,779.20 JPY 100,761.01 119,008.95 0.14
TAKEDA PHARMACEUTICAL CO LTD 25,599.90 JPY 910,898.29 899,957.94 1.06
TENMA CORP 44,686.46 JPY 412,775.81 399,315.13 0.47
TOKIO MARINE HOLDINGS INC 19,671.73 JPY 528,160.19 425,794.90 0.50
TOKYO STEEL MFG 23,600.55 JPY 226,733.23 225,010.35 0.27
TOKYO STYLE CO LTD 139,593.65 JPY 909,604.38 915,958.51 1.08
TOYO SEIKAN KAISHA LTD 51,019.03 JPY 606,711.13 614,599.87 0.73
TOYOTA INDUSTRIES CORP 76,892.45 JPY 1,725,797.20 1,607,020.57 1.90
YAMAHA MOTOR CO LTD 22,477.21 JPY 277,772.04 245,121.43 0.29
24,864,079.35
The accompanying notes form an integral part of these financial statements.
Cost Market Value % net assets
23,818,939.38 28.17
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