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

Page
Sparinvest SICAV
SPARINVEST - ETHICAL HIGH YIELD VALUE BONDS*
Statement of Changes in Net Assets for the period from February 1, 2010 until June
30, 2010
Note
64
NET ASSETS AT THE BEGINNING OF THE PERIOD 0.00
INCOME
Interest on bonds, net 1,476,442.10
Bank interest 2,605.72
(11) Securities lending fees
405.74
Other income 6,420.57
TOTAL INCOME 1,485,874.13
EXPENSES
(4) Management and advisory fees
101,056.89
(6) Custodian fees
2,274.68
(6) Domiciliation, administration and transfer agent fees
19,329.00
Audit, printing and publication expenses 2,879.87
(3) Taxe d'abonnement
1,885.11
Bank charges 2,929.33
Interest paid 528.65
Other charges 325.77
TOTAL EXPENSES 131,209.30
NET INCOME / (LOSS) FROM INVESTMENTS 1,354,664.83
Net realised gain / (loss) on sales of investments 866,011.16
Net realised gain / (loss) on forward foreign exchange contracts -927,915.01
Net realised gain / (loss) on foreign exchange -2,784.51
NET REALISED PROFIT / (LOSS) 1,289,976.47
Change in net unrealised appreciation / (depreciation) on investments
Change in net unrealised appreciation / (depreciation) on forward foreign
2,088,320.70
exchange contracts -1,674,768.45
NET INCREASE / (DECREASE) IN NET ASSETS AS A RESULT OF OPERATIONS 1,703,528.72
EVOLUTION OF THE CAPITAL
Subscriptions of shares 35,852,735.63
Redemptions of shares -45,878.79
NET ASSETS AT THE END OF THE PERIOD 37,510,385.56
* This Sub-Fund was launched on February 1, 2010
The accompanying notes form an integral part of these financial statements.
EUR