No title

ABN AMRO Fondy Výroční zpráva 2003/2004 30-04-2004

Société d’investissement à capital variable založená podle právního řádu Lucemburského velkovévodství

46, Avenue J.F. Kennedy L-1855 Luxembourg-Kirchberg Představenstvo společnosti

p. D.R. Scheepe (předseda) Senior Vice President ABN AMRO Asset Management Amsterdam, Nizozemí

Manažer

ABN AMRO Investment Funds S.A. 46, Avenue J.F. Kennedy L-1855 Luxembourg-Kirchberg

p. Arnulf Manns (předseda) Managing Director ABN AMRO Asset Management Frankfurt, Německo

Dánsko

Alfred Berg Kapitalforvaltning Fondsmaeglerselskab A/S Amaliegade 35, Postboks 2198 DK-1017 Copenhagen

(jmenován 6.února 2004)

Finsko

p. J. Hartshorn Global Head of Institutional Services ABN AMRO Asset Management London,

Francie

Alfred Berg Omaisuudenhoito Oy Kluuvikatu 3 FIN-00100 Helsinki Banque de Neuflize S.A. Mallet, Demachy S.A. 3, Avenue Hoche F-75008 Paris Cedex 8 ABN AMRO Bank (Deutschland) A.G. Theodor Heuss Allee 80 D-60486 Frankfurt

(rezignoval 6.února 2004)

Spojené království (rezignoval 29.března 2004)

p. P. Jaans Ekonom Luxembourg p. R. F. van Lennep Managing Director - International Private Clients ABN AMRO Bank (Schweiz) Zürich, Švýcarsko p. C. Niedner Partner within the Law Firm Arendt & Medernach Luxembourg p. J. Ide Global Head of Funds Distribution ABN AMRO Asset Management Londýn, Spojené Království pí Lena Andersson Chief Operating Officer Alfred Berg Asset Management Holding AB Stockholm, Švédsko

Německo

Gibraltar

ABN AMRO Bank N.V. Gibraltar Suite 731-4, Europort

Řecko

ABN AMRO Bank N.V. 330, Thisseos Avenue GR-17675 Kalithea Athens

Hong Kong

ABN AMRO Asset Management (Asia) Limited 37 F, Cheung Kong Centre 2, Queen’s Road Central ABN AMRO Bank N.V. ABN AMRO House, IFSC Dublin 1 Antonveneta ABN AMRO Bank S.p.a. Corso Magenta, 84 I-20123 Milano

Irsko

Itálie

Jersey

ABN AMRO Bank (Jersey) 8, Hill Street St Helier, Jersey, JE4 8TB

Lichtenštejnsko

LGT Bank in Liechtenstein AG Herrengasse 12 FL-9490 Vaduz

Lucembursko

ABN AMRO Bank (Luxembourg) S.A. 46, Avenue J.F. Kennedy L-1855 Luxembourg-Kirchberg

(jmenována 29. dubna 2004)

Správce a plátce

Registratář Administrativní zástupce Auditor Právní poradce Zástupci: Rakousko

Belgie Chile

Česká republika

ABN AMRO Bank (Luxembourg) S.A. 46, Avenue J.F. Kennedy L-1855 Luxembourg-Kirchberg First European Transfer Agent S.A. 5, rue Thomas Edison L-1445 Strassen ABN AMRO Investment Funds S.A. 46, Avenue J.F. Kennedy L-1855 Luxembourg-Kirchberg Ernst &Young S.A. 6, rue Jean Monnet L-2180 Luxembourg Arendt & Medernach 8-10, rue Mathias Hardt L-1717 Luxembourg ABN AMRO Bank N.V. Filiale Wien Operngasse 2 A-1010 Vienna ABN AMRO Bank (Belgie) N.V. Pelikaanstraat 70 B-2018 Antwerp ABN AMRO Bank (Chile) Nueva York 33, Piso 9, 15th Floor Casilla 2394 Santiago ABN AMRO Asset Management S.A. Hilleho 6, Brno 60200

Norsko

Alfred Berg Industrifinans Grev Wedels Plass 9, Postboks 483 Sentrum N-0105 Oslo

Španělsko

ABN AMRO Bank, Sucursal en España c/Jose Ortega y Gasset, 29 E-28006 Madrid

Švédsko

Alfred Berg Fondkommission AB Birger Jarlsgatan 7 S-107 25 Stockholm

Švýcarsko

ABN AMRO Bank (Schweiz) Beethovenstraße 33 P.O. Box 5239 CH-8022 Zürich

Nizozemí

ABN AMRO Bank N.V. Gustav Mahlerlaan 10 NL-1082 PP Amsterdam

Spojené Království

ABN AMRO Asset Management Limited 82 Bishopsgate London EC2N 4BN

INFORMACE Prospekt ABN AMRO Fondů z října 2003 byl publikován v souvislosti s průběžnou nabídkou následujících ABN AMRO fondů:

* před 5.červnem 2003 známý jako Global Emerging Markets Bond Fund

Akciové fondy

** absorboval Latin America Bond Fund od 3. října, 2003

Global Emerging Markets Bond Fund (USD)

Asian Tigers Equity Fund

High Yield Bond Fund (Euro)

Behavioural Finance Japan Fund

High Yield Bond Fund (USD)

Biotech Fund

US Bond Fund

China Equity Fund

Fondy peněžního trhu

Eastern Europe Equity Fund

Interest Growth Fund CZK

Euro Equity Fund

Interest Growth Fund (Euro)

Europe Equity Fund

Interest Growth Fund (USD)

* absorboval Italy Equity Fund od 3.října 2003 Europe Equity Growth Fund

Portfoliové Fondy

Germany Equity Fund Global

Model Fund 1

Equity Fund

* absorboval Gobal Property Equity Fund od 3. října 2003

Model Fund 2 Model Fund 3

Global Equity Value Fund Global Emerging Markets Equity Fund

Model Fund 4

Global Leader Fund

Model Fund 5

Global Resources Fund

Model Fund 6

Portfoliové fondy jsou spoluspravovány více manažery. Podle dohody mezi správci může manažer fondu učinit rozhodnutí týkající se nákupu nebo prodeje, které může ovlivnit portfolio jednoho i více společně řízených fondů. Akcionáři se mohou kdykoli informovat o velikosti aktiv pod společnou správou v registrovaném sídle Společnosti.

Global Technology Fund Japan Equity Fund Latin America Equity Fund Netherlands Equity Fund

Nyní existují čtyři struktury fondů spoluspravovaných Společností:

North America Equity Fund Pharma Fund Russia Equity Fund

* uveden na trh 15. března 2004 Small Companies Europe Equity Fund Socially Responsible Equity Fund Switzerland Equity Fund US Equity Value Fund Dluhopisové fondy Asia Bond Fund Czech Crown Bond Fund Euro Bond Fund Euro Credit Bond Fund

* uveden na trh 2.října 2003 Euro Government Bond Fund

* uveden na trh 2.října 2003 Europe Bond Fund Global Bond Fund

Global Emerging Markets Bond Fund (Euro)

* uveden na trh 5.června 2003

1) 2)

1) Portfolio Fondy, které zahrnují Model Funds 1 až 6 a Global Equity Value Fund 2) High Yield, což zahrnuje High Yield Bond Fund (Euro) a High Yield Bond Fund (USD) 3)Emerging Market Bonds, obsahující Global Emerging Markets Bond4)Fund (Euro) a Global Emerging Markets Bond Fund (USD) 5) Euro Bond, zahrnující Euro Bond Fund, Euro Credit Bond Fund a Euro Government Bond Fund. Po otevření dalších fondů pro upisování budou potenciální investoři informováni pomocí oznámení v deníku Luxemburger Wort a v dalších periodikách, které určí představenstvo. Prospekt bude následně aktualizován. Nelze přijmout žádné žádosti obdržené na základě finančních zpráv. Žádosti jsou platné pouze v případě, že jsou podány na základě aktuálního prospektu doplněného nejnovější výroční zprávou a pololetní zprávou v případě, že byla vydána. Výroční a pololetní zprávy i výkaz změn investic jsou k dispozici v sídle depozitáře, registráře, plátce a domácího zástupce a v sídlech výše uvedených zástupců. Distributor a plátce ve Švýcarsku je ABN AMRO Bank (Schweiz), Beethovenstrasse 33, 8002 Curych. Stanovy, prospekt i výroční a pololetní zprávy stejně jako výkazy nákupů a prodejů jednotlivých fondů v daném období lze získat zdarma v sídle banky ABN AMRO Bank (Schweiz) A.G. v Curychu.

OBSAH Statistika

4

Portfolio Fondy

Směnné kurzy

7

Prohlášení představenstva

8

Přehled investic

9

Model Fund 1 Model Fund 2 Model Fund 3 Model Fund 4 Model Fund 5 Model Fund 6

46 48 53 59 64 69

Výkaz čistých aktiv k 30.dubnu 2004

72

Výkaz změn čistých aktiv pro finanční rok 2003/2004

72

Výkaz změn vydaných akcií pro finanční rok 2003/2004

79

Poznámky

80

Auditorská zpráva

84

Characteristika

84

Celkové výdaje

85

Akcie Asian Tigers Equity Fund Behavioural Finance Japan Fund Biotech Fund China Equity Fund Eastern Europe Equity Fund Euro Equity Fund Europe Equity Fund Europe Equity Growth Fund Germany Equity Fund Global Equity Fund Global Equity Value Fund Global Emerging Markets Equity Fund Global Leader Fund Global Resources Fund Global Technology Fund Japan Equity Fund Latin America Equity Fund Netherlands Equity Fund North America Equity Fund Pharma Fund Russia Equity Fund Small Companies Europe Equity Fund Socially Responsible Equity Fund Switzerland Equity Fund US Equity Value Fund

9 10 10 11 12 12 13 14 15 16 17 19 20 21 22 23 24 25 25 26 26 27 28 29 30

Obligace Asia Bond Fund Czech Crown Bond Fund Euro Bond Fund Euro Credit Bond Fund Euro Government Bond Fund Europe Bond Fund Global Bond Fund Global Emerging Markets Bond Fund (Euro) Global Emerging Markets Bond Fund (USD) High Yield Bond Fund (Euro) High Yield Bond Fund (USD) US Bond Fund

30 31 31 34 36 36 37 38 39 39 41 42

Fondy peněžního trhu Interest Growth Fund CZK Interest Growth Fund (Euro) Interest Growth Fund (USD)

44 44 45

3

STATISTIKA Hodnota čistých aktiv na akcii 30-04-2002 30-04-2003 30-04-2004 Asian Tigers Equity Fund Asian Tigers Equity Fund ‘A’ - USD Asian Tigers Equity Fund ‘D’ - USD

Celk.hodnota * 30-04-2003 30-04-2004

30-04-2002

43.20 68.52

32.96 51.83

49.43 76.92

71.8 0.04

52.0 0.07

102.8 1.79

4043.62

2864.30

4215.88

680.5

426.6

673.3

Biotech Fund Biotech Fund ‘A’ - EUR Biotech Fund ‘D’ - EUR

24.05 36.63

16.34 24.74

21.97 33.00

29.1 0.02

18.5 0.09

24.3 0.99

China Equity Fund China Equity Fund ‘A’ - USD China Equity Fund ‘D’ - USD

51.98 -

45.02 -

68.59 47.21

108.4 -

63.1 -

211.4 5.47

132.71

117.30

165.03

212.7

221.5

327.4

47.10

30.68

36.30

248.6

126.7

109.7

116.60 49.84

76.67 32.54

90.04 38.07

783.6 0.00

366.5 0.07

377.2 0.13

29.66 48.72

18.37 30.03

21.96 35.63

156.5 0.02

71.0 0.04

34.0 0.08

162.74 53.38

98.93 32.21

127.13 41.09

448.7 0.00

231.5 0.03

227.5 0.30

43.23 48.27

35.53 39.38

42.42 46.66

182.4 0.05

135.2 0.07

96.5 0.12

-

45.43

53.54

-

0.49

1.24

Global Emerging Markets Equity Fund Global Emerging Markets Equity Fund ‘A’ - USD Global Emerging Markets Equity Fund ‘D’ - USD

45.06 67.40

37.93 56.31

56.50 83.27

866.5 0.12

700.3 0.57

1525.4 6.20

Global Leader Fund Global Leader Fund ‘A’ - EUR

50.32

34.82

40.21

4.6

5.5

6.7

Global Property Equity Fund Global Property Equity Fund ‘A’ - USD Global Property Equity Fund ‘D’ - USD

55.09 -

52.55 51.04

Global Resources Fund Global Resources Fund ‘A’ - USD

59.49

47.63

65.46

25.4

7.9

16.3

Global Technology Fund Global Technology Fund ‘A’ - USD Global Technology Fund ‘D’ - USD

36.32 42.67

28.37 33.24

35.74 41.57

78.9 0.01

54.2 0.16

73.4 1.24

Behavioural Finance Japan Fund Behavioural Finance Japan Fund ‘A’ - JPY

Eastern Europe Equity Fund Eastern Europe Equity Fund ‘A’ - EUR Euro Equity Fund Euro Equity Fund ‘A’ - EUR Europe Equity Fund Europe Equity Fund ‘A’ - EUR Europe Equity Fund ‘D’ - EUR Europe Equity Growth Fund Europe Equity Growth Fund ‘A’ - EUR Europe Equity Growth Fund ‘D’ - EUR Germany Equity Fund Germany Equity Fund ‘A’ - EUR Germany Equity Fund ‘D’ - EUR Global Equity Fund Global Equity Fund ‘A’ - USD Global Equity Fund ‘D’ - USD Global Equity Value Fund Global Equity Value Fund ‘A’ - EUR

4

-

6.9 -

3.4 0.01

-

STATISTIKA Hodnota čistých aktiv na akcii 30-04-2002 30-04-2003 30-04-2004

Celk.hodnota * 30-04-2002 30-04-2003 30-04-2004

Italy Equity Fund Italy Equity ‘A’ - EUR

98.24

80.15

-

23.3

10.1

Japan Equity Fund Japan Equity Fund ‘A’ - USD Japan Equity Fund ‘D’ - USD

37.05 48.53

26.22 34.08

39.34 50.74

198.8 0.02

128.4 0.15

267.6 1.77

Latin America Equity Fund Latin America Equity Fund ‘A’ - USD

50.40

46.06

63.27

93.6

93.8

337.7

Netherlands Equity Fund Netherlands Equity Fund ‘A’ - EUR

47.19

26.89

33.49

106.2

38.1

46.9

107.87 49.93

91.11 41.95

103.65 47.37

268.2 0.06

376.1 1.24

310.5 7.70

43.19 -

30.62 35.47

32.72 37.65

70.9 -

73.3 0.01

76.2 0.03

-

-

45.31

-

Small Companies Europe Equity Fund Small Companies Europe Equity Fund ‘A’ - EUR

31.81

20.38

28.60

66.2

23.8

35.0

Socially Responsible Equity Fund Socially Responsible Equity Fund ‘A’ - EUR

46.04

28.57

32.25

6.0

6.6

5.2

216.10

147.84

186.74

127.4

82.4

87.0

-

52.73

68.17

-

5.3

29.2

71.94

80.68

86.08

13.0

35.1

18.2

102.90

111.23

111.72

697.2

711.4

246.7

62.71 -

68.69 58.34

71.24 58.20

552.7 -

398.3 43.76

513.7 44.57

Euro Credit Bond Fund Euro Credit Bond Fund ‘A’ - EUR

-

-

50.79

-

70.3

Euro Government Bond Fund Euro Government Bond Fund ‘A’ - EUR

-

-

50.34

-

30.6

91.81 54.58

928.8 0.18

North America Equity Fund North America Equity Fund ‘A’ - USD North America Equity Fund ‘D’ - USD Pharma Fund Pharma Fund ‘A’ - EUR Pharma Fund ‘D’ - EUR Russia Equity Fund Russia Equity Fund ‘A’ - EUR

Switzerland Equity Fund Switzerland Equity Fund ‘A’ - CHF US Equity Value Fund US Equity Value Fund ‘A’ - USD Asia Bond Fund Asia Bond Fund ‘A’ - USD Czech Crown Bond Fund Czech Crown Bond Fund ‘A’ - CZK Euro Bond Fund Euro Bond Fund ‘A’ - EUR Euro Bond Fund ‘B’ - EUR

Europe Bond Fund Europe Bond Fund ‘A’ - EUR Europe Bond Fund ‘D’ - EUR

82.20 49.61

89.02 53.34

5

-

2.8

665.6 5.08

484.6 1.63

STATISTIKA

Hodnota čistých aktiv na akcii

Celk.hodnota *

30-04-2002

30-04-2003

30-04-2004

70.95

85.23

90.67

-

-

Global Emerging Markets Bond Fund (USD) Global Emerging Markets Bond Fund (USD) ‘A’ - USD 102.70 Global Emerging Markets Bond Fund (USD) ‘D’ - USD 61.79

123.10 73.51

Global Bond Fund Global Bond Fund ‘A’ - USD Global Emerging Markets Bond Fund (Euro) Global Emerging Markets Bond Fund (Euro) ‘A’ - EUR Global Emerging Markets Bond Fund (Euro) ‘B’ - EUR Global Emerging Markets Bond Fund (Euro) ‘D’ - EUR

30-04-2002

30-04-2003

30-04-2004

108.8

102.6

103.8

-

-

121.2 114.7 0.6

145.14 86.02

277.8 0.41

488.6 2.80

789.4 10.92

55.06 47.44 49.15

High Yield Bond Fund (Euro) High Yield Bond Fund (Euro) ‘A’ - EUR High Yield Bond Fund (Euro) ‘D’ - EUR

49.29 51.99

52.64 55.10

58.29 60.56

89.2 0.00

180.9 0.09

238.1 1.06

High Yield Bond Fund (USD) High Yield Bond Fund (USD) ‘A’ - USD

-

54.20

59.72

-

30.2

85.2

Latin America Bond Fund Latin America Bond Fund ‘A’ - USD

67.79

75.56

US Bond Fund US Bond Fund ‘A’ - USD

81.72

87.53

-

9.6

10.2

-

89.24

239.4

200.6

98.1

Interest Growth Fund CZK Interest Growth Fund CZK ‘A’ - CZK

102.20

104.58

106.98

296.5

516.2

562.7

Interest Growth Fund (Euro) Interest Growth Fund (Euro) ‘A’ - EUR Interest Growth Fund (Euro) ‘I’ - EUR

57.46 -

59.19 -

60.25 10,091.15

136.9 -

143.5 -

159.2 25.5

Interest Growth Fund (USD) Interest Growth Fund (USD) ‘A’ - USD

75.38

76.19

76.51

92.7

74.4

64.4

Model Fund 1 Model Fund 1 ‘A’ - EUR

51.18

54.56

56.22

27.2

37.9

49.7


48.79

48.06

50.78

46.5

57.3

77.2


46.38

42.26

45.64

84.4

102.2

148.4


43.72

36.30

40.13

85.4

109.5

155.5


41.01

30.02

33.99

28.8

29.0

44.9


38.43

25.60

28.98

13.3

11.7

16.6

* v milionech

6

SMĚNNÉ KURZY

30-04-2003 30-04-2004 30-04-2004 Index * 1 Australský dolar 1 Kanadský dolar 1 Novozélandský dolar 1 US dolar

0.63 0.70 0.56 1.00

0.72 0.73 0.63 1.00

87.5 95.9 88.9 100.0

1 Argentinské peso 1 Brazilský real 100 Chilských pesos 100 Kolumbijských pesos 1 Mexické nové peso 1 Perský sol

0.35 0.35 0.14 0.03 0.10 0.29

0.35 0.34 0.16 0.04 0.09 0.29

100.0 102.9 87.5 75.0 111.1 100.0

100 Japonský yen 1 Hong Kongský dolar 1000 Indonéská rupie 100 Korejský won 1 Malayský ringgit 1 Filipínské peso 1 Singapurský dolar 1 Tajwanský dolar 1 Thajský baht

0.84 0.13 0.11 0.08 0.26 0.02 0.56 0.03 0.02

0.91 0.13 0.11 0.09 0.26 0.02 0.59 0.03 0.02

92.3 100.0 100.0 88.9 100.0 100.0 94.9 100.0 100.0

1 Rakouský šilink 1 Britiská libra 1 Dánská koruna 1 EURo 1 Norská koruna 1 Švédská koruna 1 Švýcarský frank

0.08 1.60 0.15 1.12 0.14 0.12 0.74

0.09 1.77 0.16 1.20 0.15 0.13 0.77

88.9 90.4 93.8 93.3 93.3 92.3 96.1

100Česká koruna 100 Maďarský forint 1 Polský zloty 100 Slovenská koruna

3.55 0.45 0.26 2.73

3.68 0.48 0.25 2.96

96.5 93.8 104.0 92.2

* 30-04-2003 = 100

7

PROHLÁŠENÍ PŘEDSTAVENSTVA Je nám potěšení předložit účetní závěrku fondů ABN AMRO Funds (AAF) za účetní rok 2003/2004, který zahrnuje období od 1. května 2003 do 30. dubna 2004. Ke 30. dubnu 2004 činí celková čistá aktiva ABN AMRO Fondů 8.552 milionů amerických dolarů. Během minulého roku byla nabídka ABN AMRO Fondů rozšířena o Russia Equity Fund, Global Emerging Markets Bond Fund (Euro), Euro Credit Bond Fund and Euro Government Bond Fund. Dva sub-fondy jsou spravovány a řízeny společně s Euro Bond Fund a Global Emerging Markets Bond Fund (Euro) fondy je spravován a řízen společně s Global Emerging Markets Bond Fund (USD). V březnu 2004 byly uvedeny na trh akcie třídy B Global Emerging Markets Bond Fund (Euro). Akcie třídy D China Equity Fund and Global Emerging Markets Bond Fund (Euro) byly uvedeny na trh D během finančího roku of the 2003/2004 a akcie třídy I Interest Growth Fund (Euro) byly uvedeny taktéž ve stejném období. Také byly během roku 2003 tři sub-fondy absorbovány jinými existujícími sub-fondy AAF skupiny následovně: Global Property Equity Fund byl pohlcen Global Equity Fund, Italy Equity Fund byl absorbován Europe Equity Fund a Latin America Bond Fund se začlenil do Global Emerging Markets Bond Fund (USD). Luxembourg, 30. června 2003

Jménem představenstva D.R. Scheepe, předseda

Pan A. Manns byl navržen na fukci předsedy představenstva a nahradil tímto p. D.R. Scheepe. Paní Lena Andresson byla také navržena jako nová členka představenstva společnosti. Jejich jmenování bude navrženo ke schválení na Výroční valné hromadě akcionářů, která se bude konat 19. srpna 2004. Luxembourg, 30.června 2004 p. A. Manns, Předseda představenstva

8

Výkaz investic -

Výkaz investic -

Asian Tigers Equity Fund 30-04-2004

Asian Tigers Equity Fund 30-04-2004

počet

P ře v o d i t e l n é c e n n é p a p í r y př ij at é k

počet

hodnota

P ř e vo ditelné c enné papír y př ija té k

obchodování na burze nebo


obchodované na jiném regulovaném trhu


x USD 1,000

%

hodnota

%

x USD 1,000

AKCIE

Singapur 258,000 236,000 245,000 185,000 586,000 223,263 358,000 85,772 56,000

Čína a Hong Kong 536,500 396,000 891,000 550,000 1,038,500 3,226,000 1,236,000 173,600 122,800 305,000 1,091,000 159,100 148,000 680,535 342,900 382,600 2,196,000 1,039,000 1,458,000 1,794,000 233,000 405,000 254,000 548,000

BOC Hong Kong Cheung Kong China Life Insurance China Merchants Hai Hong China Mobile Hong Kong China Petroleum and Chemical China Southern Airlines CLP Dah Sing Financial Esprit Hang Lung Properties Hang Seng Bank Henderson Land Development Hong Kong & China Gas Hutchison Whampoa Johnson Electric PetroChina Semiconductor Manufacturing Sino Land Sinotrans Sun Hung Kai Properties Swire Pacific Wharf Zhejiang Expressway

915 3,034 485 649 2,743 1,117 527 924 882 1,251 1,476 2,019 664 1,169 2,308 338 957 249 883 615 2,001 2,648 697 343

0.87 2.90 0.46 0.62 2.62 1.07 0.50 0.88 0.84 1.20 1.41 1.93 0.63 1.12 2.21 0.32 0.92 0.24 0.84 0.59 1.91 2.53 0.67 0.33

City Development DBS Group Keppel Keppel Land Neptune Orient Lines Overseas Chinese Banking Singapore Exchange Singapore Press Venture Manufacturing

54,500 6,650 42,811 14,750 50,800 54,500 10,836 37,450 14,780 20,480 65,960 4,415 11,550 26,790 9,510

534 319 160 522 391 362 933 615 274 809 398 552 1,830 457 1,116 706

0.51 0.31 0.15 0.50 0.37 0.35 0.89 0.59 0.26 0.77 0.38 0.53 1.75 0.44 1.07 0.68

9,978

9.55

Astra International Bank Central Asia Bank Rakyat Indonesia Indosat Telekomunikasi Indonesia

426 387 445 382 1,11

0.41 0.37 0.43 0.37 1.07

2,759

2.65

562 530 439 554 1,070 669 609 597 502 317

0.54 0.51 0.42 0.53 1.02 0.64 0.58 0.57 0.48 0.30

5,849

5.59

8.04

Hanjin Shipping Hite Brewery Hyundai Motor KH Vatec Kookmin Bank Korean Air LG Chem LG Electronics Posco Samsung Electronics Shinhan Financial Shinsegae Sindo Ricoh SK Corporation SK Telecom

766 487 1,633 569 1,896 743 438 2,273 1,808 9,722 1,150 997 575 1,123 1,621

0.73 0.47 1.56 0.54 1.81 0.71 0.42 2.18 1.73 9.30 1.10 0.95 0.55 1.07 1.55

Tajwan 368,234 722,137 815,177 1,107,154 322,814 73,000 126,950 1,195,000 797,775 244,000 481,605 1,195,000 1,873,208 2,408,679 482,000

Advanced Semiconductor Engineering Cathay Financial China Steel Chinatrust Financial Hon Hai Precision Industry Largan Precision MediaTek Mega Financial Nan Ya Plastics Optimax Technology Quanta Computer Taishin Financial Taiwan Semiconductor Manufacturing United Microelectronics Yang Ming Marine Transport

306 1,283 726 1,190 1,273 817 1,211 802 1,071 1,014 1,015 1,047 3,242 2,161 403 0

0.29 1.23 0.69 1.14 1.22 0.78 1.16 0.77 1.02 0.97 0.97 1.00 3.10 2.07 0.39

17,561 16.80

Thajsko 329,900 846,900 156,800 1,417,000 1,257,400 188,400 1,385,300 124,100

Indonésie 657,000 872,000 2,264,000 843,500 1,220,500

8,403

25,801 24.67

Indie Bajaj Auto Bharat Heavy Electricals Corporation Bank HDFC Bank Hindustan Petroleum Infosys Technologies ITC Larsen & Toubro Maruti Udyog Oil and Natural Gas Corporation Oriental Bank of Commerce Ranbaxy Laboratories Reliance Industries Satyam Computer Services State Bank of India Tata Motors

0.88 1.90 0.98 0.17 0.64 1.53 0.33 1.01 0.69

Jižní Korea

28,894 27.61

25,779 24,225 19,377 61,785 37,765 3,132 38,581 48,174 22,383 42,841 55,727 23,084 154,565 63,372 77,200 66,356

925 1,983 1,030 174 672 1,588 343 1,059 629

Bangkok Bank - Foreign shares Italian - Thai Development Kasikornbank Krung Thai Bank - Foreign shares Land and Houses Public PTT - Foreign shares Shin Corporations - Foreign shares Siam Cement - Foreign shares

808 218 190 379 349 687 1,220 670

0.77 0.21 0.18 0.36 0.33 0.66 1.17 0.64

4,521

4.32

Malajsie 44,500 402,500 297,700 127,600 322,600 292,200 677,200 226,800 156,300 127,500

British American Tobacco Commerce Asset Gamuda Genting Malaysia International Shipping Maxis Communications Public Bank Resorts World Tanjong Telekom Malaysia

AKCIE CELKEM

103,766 99.23

PRÁVA Thajsko

165,789 True Corporation - Rights

PRÁVA CELKEM INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

9

0

0.00 0

0.00

103,766 99.23 807

0.77

104,573 100.00

Výkaz investic -

Výkaz investic Biotech Fund 30-04-2004

Behavioural Finance Japan Fund 30-04-2004 počet

P ře v o d i t e l n é c e n n é p a p í r y p řijaté k

hodnota

počet

P řevodi telné cenné papír y přijaté k hodnota


obchodování na burze nebo obchodované na jiném regulovaném trhu


x JPY 1,000

%

x EUR 1,000

AKCIE

%

AKCIE

Japonsko

Švýcarsko 9,000 9,000 5,000 6,000 3,200 8,000 6,400 2,900 5,300 10,300 10 13,000 8,700 30,000 7,000 7,000 5,100 24,000 4,400 5,000 19 31,000 12,000 15,000 7,000 12,000 13,000

Alps Electric Bridgestone Casio Computer Chuba Electric Power Daiichi Pharmaceutical Dai Nippon Printing Denso Eisai Familymart Honda Motor Japan Tobacco Kajima Kansai Electric Power Kawasaki Heavy Industries Kuraray Kyowa Hakko Kogyo Kyushu Electric Power Marubeni Marui Matsushita Electric Works Millea Mitsubishi Heavy Industries Mitsubishi Rayon Mitsui Mitsui Chemicals Mitsui Mining & Smelting Company Mitsui Sumitomo Insurance

14,309 2.13 16,812 2.50 6,365 0.95 13,800 2.05 6,189 0.92 13,392 1.99 14,880 2.21 8,178 1.21 16,801 2.50 45,629 6.78 8,820 1.31 5,018 0.75 16,800 2.50 5,070 0.75 5,796 0.86 5,138 0.76 9,690 1.44 6,672 0.99 7,621 1.13 5,000 0.74 29,830 4.43 9,424 1.40 4,644 0.69 13,650 2.03 4,067 0.60 5,580 0.83 13,507 2.01

7,000 4,000 13,000 12,000 27,100 2,200 11,000 900 26,000 1,150 18,000 4,600 6,000 24,000 9,000 19,000 3,000 880 8,000 21,000 4,800 30,000 5,000 7,000 10,900 2,400 7,400 15,000 14 3,000

NGK Insulators Nippon Meat Packers Nippon Mitsubishi Oil Nippon Yusen Kabushiki Kaisha Nissan Motor Nissin Food Products Obayashi Orix Osaka Gas Promise Ricoh Sankyo Sekisui House Showa Denko Sumitomo Taiheiyo Cement Taisho Pharmaceutical Takefuji Corporation The 77 Bank The Gunma Bank Tohoku Electric Power Company Tokyo Gas TonenGeneral Sekiyu Toppan Printing Toyko Electric Power Toyota Industries Toyota Motor Uny West Japan Railway Yamaha

5,796 5,264 7,904 5,388 33,306 6,061 5,874 10,530 7,956 8,395 39,600 9,407 7,020 6,024 7,623 5,415 6,465 6,169 5,312 10,857 8,510 12,270 4,655 9,079 25,779 5,760 29,526 19,380 6,006 6,210

13,500 Actelion

LIKVIDNÍ AKTIVA

57,000 Celltech

CELKOVÁ ČISTÁ AKTIVA

4.88

354

1.40

354

1.40

Spojené Státy 21,000 21,000 36,000 43,820 25,000 45,000 23,000 18,000 28,500 29,000 30,000 47,000 21,000 35,000 24,500 32,000 27,000 17,000 14,000 51,000 30,000 39,500 23,000 17,000 28,000 16,000 48,000 30,000

0.86 0.78 1.17 0.80 4.95 0.90 0.87 1.56 1.18 1.25 5.88 1.40 1.04 0.89 1.13 0.80 0.96 0.92 0.79 1.61 1.26 1.82 0.69 1.35 3.83 0.86 4.39 2.88 0.89 0.92

Abgenix Affymetrix Alkermes Amgen Amylin Pharmaceuticals Biogen Celgene Cephalon Chiron CV Therapeutics Enzon Pharmaceutical Exelixis Genentech Genzyme Gilead Sciences Human Genome Sciences ICOS Intermune Invitrogen Ligand Pharmaceuticals MedImmune Millennium Pharmaceuticals Myriad Genetics Neurocrine Biosciences NPS Pharmaceuticals OSI Pharmaceuticals Protein Design Labs The Medicines

285 1.12 536 2.11 461 1.81 2,062 8.14 467 1.84 2,215 8.74 990 3.91 855 3.38 1,103 4.35 349 1.38 363 1.43 356 1.41 2,149 8.48 1,270 5.01 1,245 4.91 326 1.29 721 2.85 209 0.83 845 3.34 911 3.60 610 2.41 495 1.95 331 1.31 931 3.68 585 2.31 985 3.89 983 3.88 815 3.22 23,453 92.58

INVESTICE

25,043 98.86

LIKVIDNÍ AKTIVA

288


640,223 95.09 33,087

4.88

1,236

Velká Británie

640,223 95.09

INVESTICE

1,236

4.91

673,310 100.00

10

1.14

25,331 100.00

Výkaz investic China Equity Fund 30-04-2004

počet

Výkaz investic China Equity Fund 30-042004

P ře v o d i t e l n é c e n n é p a p í r y p řij at é k obchodování na burze nebo obchodované na jiném regulovaném trhu

počet

hodnota


hodnota


x USD 1,000

%

x USD 1,000

AKCIE

%

Čína a Hong Kong (pokračování) 5,102,000 Zhejiang Expressway 2,150,000 Zhejiang Southeast Electric Power

Čína a Hong Kong 6,100,000 2,100,000 2,000,000 10,500,000 10,200,000 4,650,000 14,600,000 100,000 1,200,000 12,800,000 3,500,000 3,350,000 6,500,000 10,000,000 33,000,000

Aluminium Corporation of China Anhui Conch Cement Asia Aluminium Avichina Industry & Technology Beijing Capital International Airport BOC Hong Kong Brilliance China Automotive Cheung Kong China International Marine Containers China Life Insurance China Merchants Hai Hong China Mobile Hong Kong China Oilfield Services China Overseas Land & Power China Petroleum and Chemical

3,578 2,235 231 1,225 3,139 7,929 5,382 766 2,280 6,975 4,128 8,848 1,875 1,667 11,423

1.65 1.03 0.11 0.56 1.45 3.66 2.48 0.35 1.05 3.22 1.90 4.08 0.86 0.77 5.27

2,900,000 7,200,000 13,500,000 21,000,000 6,000,000 15,000,000 2,600,000 16,000,000 11,600,000 3,200,000 4,000,000 4,000,000 1,250,000 8,000,000 3,000,000 1,700,000 11,000,000 4,200,000 14,000,000 1,050,000 200,000 7,200,000 800,000 150,400 6,000,000 900,000 6,300,000 14,000,000 400,000 2,800,000 1,700,000 2,147,000 31,232,000 7,000,000 4,000,000 5,500,000 1,261,200 9,000,000 2,900,000 610,000 4,400,000 12,500,000 6,500,000 8,000,000 1,940,000 2,300,000 1,500,000 120,000 1,650,000 5,650,000 300,000

China Resources Enterprise China Shipping Development China Southern Airlines China Telecom China Unicom Citic International Finance Holding Citic Pacific CNOOC COFCO Cosco Pacific Datang International Power Denway Motors Eastern Communications Euro-Asia Agricultural Global Bio-chem Technology Guangdong Electric Power Development Guangshen Railway Guanzhou Shipyard Harbin Power Equipement Heilongjiang Electric Power Henderson Land Development Huaneng Power Huangshan Tourism Development Hutchison Whampoa iMerchants Industrial and Commercial Bank Jiangxi Copper Lenovo Group Li & Fung Lianhua Supermarket Nam Tai Electronic & Electrical Products Panva Gas PetroChina Picc Property and Casualty Pico Far East Semiconductor Manufacturing Shanghai Dazhong Taxis Shareholding Shanghai Forte Land Shanghai Industrial Shanghai Zhenhua Port Machinery Shenzhen Expressway Sinopec Shanghai Petrochemical Sinotrans TCL International Tom Online Tsingtao Brewery Varitronix Weichai Power Werqiao Textile Yanzhou Coal Mining Yue Yuen Industrial

3,365 4,154 5,755 6,260 4,654 6,010 6,367 5,795 4,908 4,103 3,128 1,910 546 0.00 2,192 1,225 3,138 797 3,051 629 897 6,739 362 1,012 111 1,079 2,443 4,308 623 2,800 774 957 13,613 2,446 277 1,319 913 1,996 5,428 963 1,297 4,167 2,229 2,949 291 1,814 1,414 202 2,137 5,288 810

1.55 1.92 2.65 2.89 2.15 2.77 2.94 2.67 2.26 1.89 1.44 0.88 0.25 0.00 1.01 0.56 1.45 0.37 1.41 0.29 0.41 3.11 0.17 0.47 0.05 0.50 1.13 1.99 0.29 1.28 0.36 0.44 6.28 1.13 0.13 0.61 0.42 0.92 2.50 0.44 0.60 1.92 1.03 1.36 0.12 0.84 0.65 0.09 0.99 2.44 0.37

3,188 1,653

1.47 0.76

206,167 95.06

Tajwan 508,924 424,501 1,950,000 128,583 40,000 380,727 400,965 1,364,302

Acer Advanced Semiconductor Engineering EVA Airways Hon Hai Precision Industry MediaTek Nan Ya Plastics Quanta Computer Taiwan Semiconductor Manufacturing

720 0.33 353 0.16 795 0.37 507 0.23 382 0.18 511 0.24 845 0.39 2,360 1.,08 6,473

INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

11

2.98

212,640 98.04 4,260

1.96

216,900 100.00

Výkaz investic -

Výkaz investic Euro Equity Fund 30-04-2004

Eastern Europe Equity Fund 30-04-2004 počet

P řevodi t eln é cenné p ap ír y p řij at é k

hodnota

počet


hodnota

P ře v o d i t e l n é c e n n é p a p í r y př ij at é k obchodování na burze nebo obchodované na jiném regulovaném trhu


x EUR 1,000

%

x EUR 1,000

AKCIE

%

AKCIE

Rakousko

Belgie 59,400 Erste Bank der Österreichischen Sparkassen 7,380 2,25

2.,25

7,380

15,500 Telindus

Česká Republika 2,665,000 163,887 2,414,000 65,000 444,001 19,242 118,416 93,478

15,885 0 25,321 5,929 13,519 10,399 0 0

4.85 0.00 7.73 1.81 4.13 3.18 0.00 0.00

195,550 Nokia 23,700 UPM-Kymmene

948,000 Hansabank

12,000 6,120 64,700 5,780 38,000 73,700 43,750 81,200 17,400 33,400 31,350 15,725

6,058

1.85

6,058

1.85

5,897 5,939 13,313 7,557 14,577 6,066 29,885

1.80 1.81 4.07 2.31 4.45 1.85 9.13

Maďarsko Gedeon Richter Gedeon Richter - GDR Matav - Sp. ADR Mol Magyar Olay Mol Magyar Olay - GDR OTP Bank OTP Bank - GDR -

111,900 61,800 19,200 13,000 19,400 21,500 46,250 20,500 29,500 17,800 61,325 46,200 34,000 103,000

83,234 25.42

Polsko Bank Pekao Bank Przemyslowo-Handlowy Bank Przemyslowo-Handlowy - GDR Central Euro Distribution Computerland Poland KGHM Polska Miedz KGHM Polska Miedz - GDR Polski Koncern Naftowy Orlen Polski Koncern Naftowy Orlen - GDR Prokom Software Prokom Software - GDR Telekomunikacja Polska Telekomunikacja Polska - GDR Zaklady Piwowarskie w Zywcu

14,083 6,668 5,028 2,561 1,721 1,616 1,594 5,859 6,896 3,371 3,534 7,952 7,161 2,262

4.29 2.04 1.54 0.78 0.53 0.49 0.49 1.79 2.11 1.03 1.08 2.43 2.19 0.69

2,296 365

2.10 0.33

2,661

2.43

421 894 804 279 2,415 1,295 2,192 1,531 514 1,293 1,320

0.38 0.81 0.73 0.25 2.20 1.18 2.00 1.41 0.47 1.18 1.20

614 2,303 1,244 1,208 764 471 538 2,879 1,087 1,658 1,237 1,580 850 5,246 2,162

0.56 2.10 1.13 1.10 0.70 0.43 0.49 2.63 0.99 1.51 1.13 1.44 0.77 4.78 1.97

Německo 15,300 15,900 35,000 14,100 61,400 46,400 38,150 74,000

Rusko Gazprom - ADR 7,604 Lukoil Holding - Sp. ADR 25,674 Mining Metallurgical Company Norilsk - ADR - 8,146 Mobile Telesystems - ADR 5,764 Oriflame Cosmetics 3,764 Surgutneftegaz 1,418 Surgutneftegaz - ADR 7,428 Unified Energy Systems - GDR 4,182 Vimpel Communications - ADR 8,012 Yukos Oil - ADR 13,675

2.32 7.84 2.49 1.76 1.15 0.43 2.27 1.27 2.45 4.188

111,600 184,000 45,600 48,300 7,330 14,400 10,300 42,400 13,050

85,667 26.16


Adidas Salomon Allianz BASF BMW Bayer DaimlerChrysler Deutsche Bank Deutsche Lufthansa

1,474 1,407 1,506 507 1,396 1,735 2,623 992

1.34 1.28 1.37 0.46 1.27 1.58 2.39 0.90

Deutsche Post Deutsche Telekom E.On Epcos Münchener Rückversicherung SAP Schering Siemens Stada Arzneimittel

2,052 2,650 2,522 842 661 1,822 452 2,555 573

1.87 2.43 2.31 0.77 0.60 1.66 0.41 2.33 0.52

25,769 23.49

Řecko

Slovensko 107,150 Povazske Strojarne

Accor Air Liquide Alcatel Atos Origin Aventis AXA BNP Paribas Business Objects Cap Gemini Carrefour Supermarché Compagnie de Saint-Gobain Compagnie Générale des Etablissement Michelin Credit Agricole France Telecom L'Oréal Louis Vuitton Moët Hennessy M6 Metropole Television Publicis Renault Sanofi-Synthelabo Schneider Electric Societé Générale Paris Societé Télévision Française 1 STMicroelectronics Total Vivendi Universal

36,799 33.54

70,306 21.48

295,000 288,985 164,670 64,000 145,151 4,000,000 274,000 170,000 107,000 367,565

0.00

Francie

Estonsko

542,731 73,000 110,000 100,000 76,749 280,000 140,000 980,000 580,095 80,000 165,500 2,350,000 2,125,000 25,044

0.00

0

Finsko CEZ CKD Praha Cesky Telecom Komercni Banka Komercni Banka - GDR Philip Morris Skoda Konzern Pilsen ZPS

71,053 21.70

69,500 71,200 774,000 240,000 470,000 390,000 944,500

0

0

0.00

0

0.00

133,500 Cosmote Mobile Communication

323,698 98.86 3,724 1.14 327,422 100.00

12

1,789

1.63

1,789

1.63

Výkaz investic - Euro Equity Fund 30-04-2004

počet

Výkaz investic - Europe Equity Fund 30-042004 hodnota

P řevodi t eln é cenné p ap ír y p řij at é k obchodování na burze nebo obchodované na jiném regulovaném trhu

počet

%

x EUR 1,000

554 552 1,063 1,126

0.50 0.50 0.97 1.03

3,295

3.00

Belgie 44,385 Telindus

270 A P Moller Maersk Enel ENI Telecom Italia Telecom Italia Mobile Unicredito Italiano

735 2,367 1,431 1,495 1,844

0.67 2.16 1.30 1.36 1.68

7,872

7.17

ABN AMRO Aegon Akzo Nobel ASML Fortis ING Koninklijke KPN Philips Electronics Reed Elsevier Royal Dutch Petroleum Unilever Vedior

1,551 1,868 988 359 1,047 2,240 549 3,165 2,612 3,968 1,611 712

1.41 1.70 0.90 0.33 0.95 2.04 0.50 2.88 2.38 3.63 1.47 0.65

0.42

459

0.42

355 2,297 2,658 1,126 613 3,083

0.32 2.09 2.42 1.03 0.56 2.81

10,132

9.23

Španělsko 15,050 208,700 296,700 68,450 56,700 248,450

Altadis Banco Bilbao Vizcaya Argentaria Banco Santander Central Hispano Iberdrola Indra Sistemas Telefonica de Espana


2,767 2,767

0.73 0.73

109,800 121,000 16,200 62,100 76,000 172,700 137,000 45,000 52,700

1,929 1,504 783 3,946 3,808 3,257 4,044 1,742

0.51 0.40 0.21 1.05 1.01 0.86 1.06 0.46

AXA Alcatel Atos Origin Aventis BNP Paribas Business Objects Cap Gemini Carrefour Supermarché Compagnie Générale des Etablissement Michelin Compagnie de Saint-Gobain Credit Agricole France Telecom L'Oréal Louis Vuitton Moët Hennessy M6 Metropole Television Renault STMicroelectronics Schneider Electric Societé Télévision Française 1 Societé Générale Paris Suez Total Vivendi Universal

2,057 0.55 3,243 0.86 3,848 1.02 1,530 0.41 1,730 0.46 1,352 0.36 1,875 0.50 8,454 2.24 1,011 0.27 2,838 0.75 2,639 0.70 2,057 0.55 1 0.00 10,307 2.73 5,513 1.46 69,468 18.42

Německo 56,500 23,200 48,600 53,000 128,000 69,200 44,600 164,300 156,500 227,200 52,400 165,900 37,000 67,500 44,800

109,446 99.75 279

235,700 Nokia

77,000 187,000 76,000 27,500 23,000 77,200 135,800 55,000 50,500 102,400 29,600 116,250 66,800 262,650

Portugalsko 459

0.38 0.38

Francie

20,670 18.84

50,700 Portugal Telecom

1,419 1,419

Finsko

Nizozemí 85,500 171,100 32,500 27,000 57,600 125,300 91,400 139,300 222,900 97,800 29,320 58,750

0 0.00 0 0.00

Denmark

Itálie 110,500 139,550 535,000 314,000 474,150

%

AKCIE

Irsko Allied Irish Banks Bank of Ireland CRH Depfa Bank

hodnota


x EUR 1,000 45,800 54,600 60,018 9,000


0.25

109,725 100.00

Adidas Salomon Allianz BASF BMW Bayer DaimlerChrysler Deutsche Bank Deutsche Lufthansa Deutsche Post Deutsche Telekom E.On Epcos SAP Siemens Stada Arzneimittel

5,443 2,053 2,092 1,906

1.44 0.54 0.55 0.51

2,909 2,587 3,066 2,202 2,878 3,272 2,898 2,893 4,681 4,067 1,965 44,912

0.77 0.69 0.81 0.58 0.76 0.87 0.77 0.77 1.24 1.08 0.52 11.90

5,950 5,950

1.58 1.58

Řecko 444,000 Cosmote Mobile Communication

Irsko 46,955 CRH 31,100 Depfa Bank

832 0.22 3,891 1.03 4,723 1.25

Itálie 233,000 ENI 228,000 Enel 317,400 Telecom Italia Mobile

13

3,952 1,516 1,511 6,979

1.05 0.40 0.40 1.85

Výkaz investic -

Výkaz investic - Europe Equity Fund 30-04-2004 počet

Europe Equity Growth Fund 30-04-2004


hodnota

počet


x EUR 1,000

%

2,229 4,778 2,879 584 1,577 4,794 1,046 7,952 9,079 1,782 36,700

0.59 1.27 0.76 0.15 0.42 1.27 0.28 2.11 2.41 0.47 9.73

767 767

0.20 0.20

x EUR 1,000 Belgie 17,000 Melexis

31,000 Vestas Wind Systems

Banco Bilbao Vizcaya Argentaria Banco Santander Central Hispano Indra Sistemas Telefonica de Espana

2,863 3,584 1,823 4,09 12,365

Atlas Copco Ericsson Telefon Oriflame Cosmetics Sandvik

1,683 5,361 2,412 1,981 11,437

59,500 Nokia 6,800 Tietoenator

CS Nestlé Novartis Roche Schweizerische Rückversicherung UBS Zurich Financial Services

35,600 3,375 4,500 7,900 1,425 7,000 22,500 12,500 8,500 6,350

0.76 0.95 0.48 1.09 3.28

0.45 1.41 0.64 0.53 3.03

699 169

2.05 0.50

868

2.55

AXA Atos Origin Business Objects Cap Gemini Hermès L'Oréal S.O.I.T.E.C. STMicroelectronics Sanofi-Synthelabo Total

625 163 85 233 237 440 101 230 451 980

1.83 0.48 0.25 0.68 0.69 1.29 0.30 0.67 1.32 2.87

3,545 10.38

Německo 14,800 13,000 8,000 7,775 10,700 410 16,000 6,700 2,000

5,322 1.41 9,412 2.49 12,075 3.20 8,348 2.21 3,501 0.93 12,029 3.19 1,715 0.45 52,402 13.88

Aixtron BMW Elmos Semiconductor Fresenius Medical Care MLP Porsche Qiagen SAP Stada Arzneimittel

71 468 101 452 131 212 162 848 88

0.21 1.37 0.30 1.33 0.38 0.62 0.48 2.49 0.26

2,533

7.44

314 496 160

0.92 1.45 0.47

970

2.84

341 526 137 502 110

1.00 1.54 0.40 1.47 0.32

1,616

4.73

286 637 166 664 363 298

0.84 1.87 0.49 1.95 1.06 0.87

2,414

7.08

Irsko

Velká Británie 443,047 158,400 341,000 1,623,500 574,400 170,800 210,400 263,000 1,053,200 177,800 1,326,850 68,500 630,800 500,000 246,000 198,500 81,600 250,200 1,844,800 756,223 363,200 6,962,000 896,600

385 1.13

Francie

Švýcarsko 181,000 44,600 324,700 95,400 63,800 202,900 13,000

0.46

Finsko

Švédsko 57,500 2,371,800 93,000 73,000

0.46

156

385 1.13

Španělsko 260,000 400,000 168,500 330,000

156

Dánsko

Portugalsko 84,700 Portugal Telecom

%

AKCIE

Nizozemí ABN AMRO Aegon Akzo Nobel ASML Fortis ING Koninklijke KPN Philips Electronics Reed Elsevier Vedior

hodnota



122,900 437,500 94,700 44,000 86,750 268,100 174,000 350,000 774,700 147,000


3i Group AstraZeneca BG BP Barclays British Sky Broadcasting Compass Diageo GlaxoSmithkline HBOS HSBC Imperial Tobacco Intercontinental Hotels Lloyds TSB National Grid Transco Prudential Rio Tinto Royal Bank of Scotland Shell Transport & Trading Tesco Unilever Vodafone WPP


23,000 Anglo Irish Bank 28,000 CRH 33,400 Ryanair

3,952 1.05 6,179 1.64 1,643 0.44 11,708 3.10 4,321 1.15 1,683 0.45 1,105 0.29 2,943 0.78 18,182 4.82 1,921 0.51 15,860 4.20 1,266 0.34 4,918 1.30 3,118 0.83 1,557 0.41 1,301 0.34 1,493 0.40 6,266 1.66 10,616 2.81 2,783 0.74 2,858 0.76 14,110 3.74 7,374 1.94 127,157 33.70

Itálie 43,000 31,000 25,300 105,500 3,600

Nizozemí 21,500 35,600 7,200 16,375 6,600 12,750

ASML ING Koninklijke Numico Royal Dutch Petroleum Unilever VNU

Norsko 54,500 Tomra Systems

377,046 99.93 261

Bulgari ENI Mediolanum Telecom Italia Mobile Tod's

0.07 377,307 100.00

14

183

0.54

183

0.54

Výkaz investic -

Výkaz investic – Germany Equity Fund 30-04-2004

Europe Equity Growth Fund 30-04-2004 počet


hodnota

počet




x EUR 1,000

%

394

1.16

394

1.16

158 1,024

0.46 3.01

AKCIE

43,500 Portugal Telecom

Německo 81,500 99,999 40,000 327,000 486,200 215,000 85,000 111,000 104,000 76,000 575,000 65,000 578,500 213,600 580,000 557,800 1,042,000 188,765 400,000 373,300 155,000 49,000 130,000 110,000 284,634 100,697 87,190 10,900 295,300 69,300 35,000 150,000 116,500 94,250

Španělsko 14,600 Indra Sistemas 82,500 Telefonica de Espana

1,182

3.47

Švédsko 16,600 Hennes & Mauritz

339

0.99

339

0.99

Švýcarsko Actelion Adecco Compagnie Financière Richemont Nestlé Nobel Biocare Novartis Roche Straumann Synthes-Stratec Tecan UBS

153 99 311 1,265 305 1,484 1,072 355 308 95 654

0.45 0.29 0.91 3.71 0.89 4.36 3.14 1.04 0.90 0.28 1.92

6,101 17.89

Velká Británie 18,400 264,000 25,900 26,000 71,000 112,500 29,250 86,000 5,900 12,000 110,000 39,500 79,300 102,750 35,000 40,500 68,000 15,000 88,000 23,150 72,000 80,000 43,000 34,000 105,000 1,014,000

%

x EUR 1,000

Portugalsko

1,670 2,650 14,500 5,995 2,700 39,900 12,250 2,365 340 3,000 11,025

hodnota


3i ARM AstraZeneca Autonomy BG BP British Sky Broadcasting Capita Carnival Celltech Compass EasyJet GlaxoSmithkline HSBC Hit Entertainment Kingfisher LogicaCMG Man Prudential Reckitt Benckiser Reed Elsevier Serco Smith & Nephew Standard Chartered Tesco Vodafone

164 455 1,010 96 342 811 288 394 221 75 578 173 1,369 1,228 161 170 222 375 577 5 02 559 254 364 435 386 2,052

0.48 1.33 2.96 0.28 1.00 2.38 0.84 1.16 0.65 0.22 1.69 0.51 4.01 3.60 0.47 0.50 0.65 1.10 1.69 1.47 1.64 0.74 1.07 1.28 1.13 6.03

33,947 99.54

LIKVIDNÍ AKTIVA

157


34,104 100.00

7,852 8,851 2,439 14,074 11,051 3,113 2,491 3,993 2,608 84 8,269 2,354 21,630 14,685 7,772 10,258 15,003 10,439 6,976 3,991 2,849 3,665 3,983 4,069 3,501 9,084 11,030 478 17,790 1,161 497 1,650 5,111 3,959

3.45 3.89 1.07 6.18 4.85 1.37 1.09 1.75 1.15 0.04 3.63 1.03 9.50 6.45 3.41 4.50 6.59 4.58 3.06 1.75 1.25 1.61 1.75 1.79 1.54 3.99 4.84 0.21 7.81 0.51 0.22 0.72 2.24 1.74

226,760 99.56

13,261 38.88 INVESTICE

Adidas Salomon Allianz AMB Generali BASF Bayer Bayerische Hypo-Vereinsbank Bilfinger Berger BMW BMW - Pref. Cinemaxx Commerzbank Continental DaimlerChrysler Deutsche Bank Deutsche Lufthansa Deutsche Post Deutsche Telekom E.On Epcos Infineon Technologies Jungheinrich Krones Man Metro MG Technologies Münchener Rückversicherung SAP Schering Siemens Singulus Technologies Sixt Sixt - Pref. Stada Arzneimittel Vossloh

0.46

15

INVESTICE

226,760 99.56

LIKVIDNÍ AKTIVA

1,001


227,761 100.00

0.44

Výkaz investic – Global Equity Fund 30-04-2004

počet

Výkaz investic – Global Equity Fund 30-042004

P řevodi t eln é cenné p ap ír y p řij at é k obchodování na burze nebo obchodované na jiném regulovaném trhu

hodnota

počet


hodnota


x USD 1,000

%

x USD 1,000

AKCIE

%

Spojené Státy 57,000 11,900 15,600 16,700 27,300 37,000 27,100 20,400 13,100 2,300 46,000 12,600 66,000 41,000 33,000 22,500 16,000 24,000 26,700 11,000 6,100 12,000 21,000 18,000 61,800 21,500 42,500 10,600 15,800 19,700 22,500 15,000 51,000 9,500 11,700 13,900 103,000 68,700 9,200 22,000 21,500 12,200 8,500 27,400 26,500 8,200 24,000 23,500

Francie 46,100 7,700 43,800 22,700 17,900 10,000

AXA Atos Origin Credit Agricole Renault STMicroelectronics Total

971 446 1,081 1,694 395 1,850

1.00 0.46 1.12 1.75 0.41 1.91

6,437

6.65

589 651 1,137 767 1,018 1,850 499 1,134

0.61 0.67 1.18 0.79 1.05 1.92 0.52 1.17

7,645

7.91

1,584 763

1.64 0.79

2,347

2.43

1,574 1,092 887 424 704 869 1,042 913

1.63 1.13 0.92 0.44 0.73 0.90 1.08 0.94

7,505

7.77

1,059 762 1,511 1,043

1.10 0.79 1.56 1.08

4,375

4.53

827 885 1,917 871 1,336 1,028

0.86 0.92 1.98 0.90 1.38 1.06

6,864

7.10

Německo 5,100 15,100 13,800 34,800 59,000 12,200 9,500 15,700

Adidas Salomon BMW Deutsche Bank Deutsche Post Deutsche Telekom SAP Schering Siemens

Itálie 77,900 ENI 133,700 Telecom Italia Mobile

Japonsk 30,000 72,000 8,200 54,000 10,000 78,000 525 32,000

Canon Dai Nippon Printing Hoya NEC NEC Electronics Nissan Motor NTT Docomo Pioneer Electric

Nizozemí 66,500 58,200 70,500 38,300

ASML Aegon ING Philips Electronics

Švýcarsko 18,500 3,500 43,000 8,300 18,800 6,500

Adecco Nestlé Novartis Roche UBS Zurich Financial Services


BG Barclays British Sky Broadcasting Diageo GlaxoSmithkline Kingfisher Reckitt Benckiser Royal Bank of Scotland Shell Transport & Trading Vodafone

999 1,407 1,033 470 1,976 1,060 663 841 821 2,757

1,355 659 880 699 499 423 2,181 845 517 188 1,777 826 1,380 1,972 1,669 783 731 1,021 1,212 1,030 265 756 947 1,099 2,175 1,388 1,094 573 867 884 1,135 813 1,333 353 552 1,105 1,159 2,457 973 967 575 1,052 523 1,059 1,043 916 914 912

1.40 0.68 0.91 0.72 0.52 0.44 2.26 0.87 0.54 0.19 1.84 0.85 1.43 2.04 1.73 0.81 0.76 1.06 1.25 1.07 0.27 0.78 0.98 1.14 2.25 1.44 1.13 0.59 0.90 0.91 1.17 0.84 1.38 0.37 0.57 1.14 1.20 2.54 1.01 1.00 0.60 1.09 0.54 1.10 1.08 0.95 0.95 0.94

48,536 50.23

Velká Británie 173,000 156,000 87,500 35,000 95,500 211,000 25,500 28,000 119,000 1,135,000

Accenture Altria Amgen Apache Applied Materials BEA Systems Bank of America Barr Pharmaceuticals Biomet BorgWarner CVS Capital One Financial Cisco Systems Citigroup Coca Cola Dell Estee Lauder Companies Exxon Mobil First Data General Dynamics Genzyme Guidant H&R Block Hartford Financial Services Group Home Depot Ingersoll-Rand Intel Johnson & Johnson Johnson Controls Lincoln National Medtronic Merrill Lynch Microsoft Noble Occidental Petroleum Omnicom Oracle Pfizer Procter & Gamble Prudential Financial Synopsys United Technologies UnitedHealth Viacom Washington Mutual Wellpoint Health Networks Wyeth Yum ! Brands

1.03 1.46 1.07 0.49 2.05 1.10 0.69 0.87 0.85 2.85

12,027 12.46

16

95,736 99.08 888

0.92

96,624 100.00

Výkaz investic -

Výkaz investic Global Equity Value Fund 30-04-2004

Global Equity Value Fund 30-04-2004 počet


počet

hodnota

P ř evod i t eln é cenné p apí ry p řij at é k



x EUR

% Japonsko (pokračování) 151.4000 184.7080 4,057.5200 787.2800 757.0000 484.4800 1,271.7600 1,180.9200 1,029.5200 423.9200 99.9240 484.4800 408.7800 487.5080

Rakousko 131.1730 100.5296 23.1642 148.2812

Bank Austria Creditanstalt Flughafen Wien OMV Voestalpine

6,211 4,634 3,533 5,386

0.51 0.37 0.28 0.43

19,764

1.59

4,216

0.34

4,216

0.34

Belgie 104.1026 Delhaize Group

Kanada 177.6830 Husky Energy

hodnota


2,721 0.22

Fuji Photo Film Honda Motor Kawasaki Heavy Industries Kikkoman Kirin Brewery Matsushita Electric Industrial Nissan Motor Oji Paper Sanyo Electronic Sekisui House TDK Toppan Printing Toyko Electric Power Toyota Motor

2,721 0.22

x EUR

%

4,063 6,185 5,183 5,225 6,260 5,936 11,815 6,150 3,891 3,749 5,952 4,750 7,308 14,704

0.33 0.50 0.42 0.42 0.50 0.48 0.95 0.49 0.31 0.30 0.48 0.38 0.59 1.19

100,924

8.12

6,900 6,170 3,064 8,662 5,275 7,707

0.56 0.50 0.25 0.70 0.42 0.62

37,778

3.05

Nizozemí

Dánsko 296.0173 Danske Bank 233.8222 TDC

5,549 6,630

0.45 0.53

12,179

0.98

6,383 5,778

0.51 0.47

12,161

0.98

380.3774 564.9945 76.6387 484.4497 232.1870 189.9767

Finsko 682.6626 Fortum 492.1711 Nokia

ABN AMRO Aegon DSM ING Philips Electronics Royal Dutch Petroleum

Jižní Korea 61.1050 Samsung Electronics

Francie

11,991 0.96 11,991 0.96

350.7030 211.7480 77.3351 158.4855 365.4493 184.6172 173.9586 102.6492 325.5100 52.5661 211.6875 88.5993 303.4056

AXA BNP Paribas CNP Assurances Compagnie de Saint-Gobain Credit Agricole European Aeronautic Defence and Space Peugeot Societé Générale Paris Suez Total Veolia Environnement Vinci Vivendi Universal

6,162 10,609 3,828 6,675 7,521 3,895 7,797 7,134 5,443 8,111 4,697 7,194 6,368

0.50 0.85 0.31 0.54 0.61 0.31 0.63 0.57 0.44 0.65 0.38 0.58 0.51

85,434

6.88

4,646 7,693 6,154 5,182

0.37 0.62 0.50 0.42

23,675

1.91

6,510

0.52

6,510

0.52

9,865 5,316 6,002

0.79 0.43 0.48

21,183

1.70

Spanělsko 713.4271 442.6330 331.2632 654.3811 222.2552 571.5047

Bayer DaimlerChrysler Deutsche Bank Fresenius Medical Care

6,392 6,768 5,449 11,497 2,978 7,092

0.51 0.54 0.44 0.93 0.24 0.57

40,176

3.23

4,807 6,345

0.39 0.51

11,152

0.90

9,266 9,297 7,568 9,402

0.75 0.75 0.61 0.76

35,533

2.87

2,647 5,988 5,392 11,232 1,872 21,711 4,832 5,627 5,299 20,069 41 3,979 5,853 3,935 3,969 7,605 8,408 118,459

0.21 0.48 0.43 0.90 0.15 1.75 0.39 0.45 0.43 1.62 0.00 0.32 0.47 0.32 0.32 0.61 0.68 9.53

Švédsko 168.0237 AB 523.4504 Skandinaviska Enskilda Banken

Německo 204.4203 205.7526 89.5077 130.1132

Banco Santander Central Hispano Endesa Iberdrola Repsol Sociedad General de Aguas de Barcelona Telefonica de Espana

Švýcarsko 315.1542 44.0574 203.5119 158.5764

Řecko

CS Nestlé Novartis UBS

Velká Británie 536.2588 Hellenic Telecommunications Organisation

67.8575 734.6836 701.0123 1,493.1976 207.0849 3,010.5890 382.0730 2,130.9550 473.5489 1,678.9957 10.0227 949.6414 269.8856 452.0501 700.0433 2,066.7917 4,148.7234

Itálie 581.6485 ENI 508.7343 Italcementi 3,085.8651 Telecom Italia

Irsko 410.7179 Irish Life & Permanent

5,360 0.43 5,360 0.43

Japonsko 423.9200 Dai Nippon Printing 205.9040 Eisai

5,364 4,389

0.43 0.35

17

AstraZeneca Group Aviva B.A.A. Barclays Boots BP British American Tobacco British Telecommunications Diageo HSBC J. Sainsbury Kingfisher Reckitt Benckiser RMC Scottish Power Tesco Vodafone

Výkaz investic 4Global Equity Value Fund počet

Výkaz investic 30-04-2004

P řevodi t elné cenné pap íry přij at é k obchodování na burze nebo obchodované na jiném regulovaném trhu

Spojené státy 225.2832 53.8076 112.7930 211.1727 203.8147 414.7149 198.2734 109.1291 130.9610 471.1265 410.3546 229.8858 282.1188 425.4643 74.8219 429.8549 220.2264 90.4161 233.5194 907.0980 170.5672 121.9073 182.1342 175.4423 227.0394 364.3592 294.5336 80.2117 138.4402 1,051.1096 104.9202 210.2340 86.9339 88.2359 76.5478 72.9748 1,493.9244 141.8012 223.5875 87.2972 90.8400 133.5954 841.3904 130.5976 526.8114 113.8831 115.4576 301.8613 132.8989 308.4926 192.2477 323.8749 156.8504 176.1993 273.1559 118.4251 255.5935 95.2912 228.8562 268.4322 115.0943 151.1880 443.6323 153.4590 62.8007 451.3840 111.7332 125.5106 298.9847

Abbott Laboratories Adobe Systems Air Products and Chemicals Albertsons Allstate Altria Aluminium Company of America American Express American International AT&T Services Bank of America Bank of New York Bank One Bellsouth Black & Decker Bristol Myers Squibb Burlington Northern Santa Fe Caterpillar Chevron Texaco Citigroup Coca Cola Computer Sciences Constellation Energy Dean Foods Dow Chemicals Edison Electronic Data Systems Emerson Electric Exelon Exxon Mobil Fannie Mae First Energy Fortune Brands Freddie Mac Gannett General Dynamics General Electric General Motors Georgia-Pacific Goldman Sachs GreenPoint Financial Heinz H.J. Hewlett Packard Johnson & Johnson JP Morgan Chase Kimberley Clark Lehman Brothers Holding Marathon Oil MBNA Merck Merrill Lynch Metlife Monsanto Morgan Stanley National City Nucor Occidental Petroleum Paccar Penney (J.C.) Pfizer PNC Financial Services Raytheon SBC Communication Sears Roebuck SunTrust Banks Tyco Union Pacific United Technologies US Bancorp

Global Equity Value Fund hodnota

x EUR

%

8,273 1,863 4,687 4,115 7,804 19,159 5,086 4,456 7,827 5,427 27,553 5,588 11,619 9,160 3,611 9,000 6,007 5,863 17,824 36,389 7,195 4,160 5,846 4,914 7,517 7,112 4,494 4,029 7,731 37,309 6,015 6,857 5,530 4,299 5,535 5,699 37,324 5,609 6,547 7,046 2,955 4,256 13,827 5,886 16,524 6,218 7,069 8,451 2,703 12,095 8,697 9,321 4,526 7,553 7,900 5,868 10,064 4,490 6,464 8,007 5,098 4,069 9,215 5,127 3,565 10,336 5,493 9,031 6,395

0.67 0.15 0.38 0.33 0.63 1.54 0.41 0.36 0.63 0.44 2.22 0.45 0.93 0.74 0.29 0.72 0.48 0.47 1.43 2.93 0.58 0.33 0.47 0.40 0.60 0.57 0.36 0.32 0.62 3.00 0.48 0.55 0.44 0.35 0.45 0.46 3.00 0.45 0.53 0.57 0.24 0.34 1.11 0.47 1.33 0.50 0.57 0.68 0.22 0.97 0.70 0.75 0.36 0.61 0.64 0.47 0.81 0.36 0.52 0.64 0.41 0.33 0.74 0.41 0.29 0.83 0.44 0.73 0.51

počet

30-04-2004

Př evodi telné cenné papír y p řij at é k obchodování na burze nebo obchodované na jiném regulovaném trhu

Spojené státy (pokračování) 148.4326 276.1839 457.4702 275.1241 188.0388 326.8120 106.9187 106.6462

hodnota

x EUR

%

4,786 10,540 8,789 9,040 4,455 15,390 3,478 5,267

0.39 0.85 0.71 0.73 0.36 1.24 0.28 0.42

Viacom Wachovia Walt Disney Washington Mutual Waste Management Wells Fargo Wendy's Weyerhaeuser

655,027 52.69


18

1,204,243 96.90 38,490

3.10

1,242,733 100.00

Výkaz investic -

Výkaz investic -

Global Emerging Markets Equity Fund 30-04-2004


počet


x USD 1,000

AKCIE

počet

hodnota

P ř evodi telné cenn é papí r y při ja té k obchodování na burze nebo obchodované na jiném regulovaném trhu

x USD 1,000

%

%

Malajsie

Rakousko 120,000 Erste Bank der Österreichischen Sparkassen

17,874

1.17

17,874

1.17

920,000 5,500,000 6,000,000 3,304,000

British American Tobacco Malayan Banking Resorts World Star Publications

Brazílie 490,000 50,000 360,000 38,000,000 565,000 460,000 1,468,877 436,815 575,700

hodnota

Aracruz Celulose - Sp. ADR Banco Bradesco - ADR Banco Bradesco - Pref. Caemi Mineracao E Metal - Pref. Cia de Bebidas - ADR Embraer Aircraft - ADR Petroleo Brasileiro - ADR Tele Norte Leste Participacoes - ADR Votorantim Celulose e Papel - ADR -

15,259 2,033 14,561 13,797 10,599 11,868 42,451 5,172 18,077

1.00 0.13 0.95 0.90 0.69 0.77 2.77 0.34 1.19

133,817

8.73

11,621 15,197 15,789 5,478

0.76 0.99 1.03 0.36

48,085

3.14

36,842 9,275 17,476 7,651 11,702 15,363 16,192

2.41 0.61 1.14 0.50 0.76 1.00 1.06

114,501

7.48

Mexiko 1,090,000 314,926 6,400,000 175,000 3,295,000 450,000 5,543,524

America Movil Cemex - ADR Consorcio ARA Fomento Economico Mexicano - ADR Grupo Financiero Banorte Telefonos de Mexico - ADR Walmart De Mexico

Peru

Chile 153,304 A.F.P. Provida - ADR -

4,254

0.28

4,254

0.28

660,000 Cia de Minas Buenaventura - ADR -

14,282

0.93

14,282

0.93

Filipíny

Čína 200,000 1,500,000 69,000,000 15,000 21,200,000

Maďarsko

China Mobile - ADR China Mobile Hong Kong CNOOC Limited CNOOC Limited - ADR Huaneng Power

100,000 Gedeon Richter - GDR -

2,646 3,962 24,991 544 19,842

0.17 0.26 1.63 0.04 1.30

51,985

3.40

10,000

0.65

10,000

0.65

945,000 Philippine Long Distance Telephone

Aurobindo Pharma Cipla Dr. Reddys Laboratories HCL-Infosystems Hero Honda Motors Housing Development Finance Corporation ICICI Bank Infosys Technologies ITC ITC - GDR Lupin Reliance Industries Satyam Computer Services Satyam Computer Services - ADR Tata Motors

16,259 16,611 13,687 16,408 10,601 10,968 17,295 3,269 12,205 660 18,144 19,531 3,607 2,000 21,058

1.06 1.08 0.89 1.07 0.69 0.72 1.13 0.21 0.80 0.04 1.18 1.28 0.24 0.13 1.37

182,303

11.89

268,766 Bank Pekao 3,420,000 Telekomunikacja Polska

Indosat Indosat - Sp. ADR Telekomunikasi Indonesia Telekomunikasi Indonesia - Sp. ADR -

13,579 1,617 15,584 1,810

0.89 0.11 1.02 0.11

32,590

2.13

920,000 260,000 297,820 160,000 125,636 305,000 231,000

8,522 14,777 32,622

0.56 0.96 2.13

55,921

3.65

0.55 0.90

22,233

1.45

Gazprom - ADR Lukoil - Sp. ADR Mining Metallurgical Company Norilsk - ADR Mobile Telesystems - ADR Oriflame Cosmetics Vimpel Communications - ADR Yukos Oil - ADR -

28,428 27,690 17,661 17,274 3,906 27,377 10,303

1.86 1.81 1.15 1.13 0.26 1.79 0.67

132,639

8.67

48,756 5,049 5,085 14,294 14,631 3,389 25,969

3.18 0.33 0.33 0.93 0.96 0.22 1.69

117,164

7.64

11,442 18,073 24,127 4,445 12,841 5,689 11,836 149,533 17,429 17,727 21,614

0.75 1.18 1.58 0.29 0.84 0.37 0.77 9.76 1.14 1.16 1.41

Jižní Afrika 2,440,000 500,000 500,000 210,000 2,470,247 568,141 4,500,000

Anglo American Gold Fields Gold Fields - ADR Impala Platinum JD Group Kumba Resources Standard Bank

Jižní Korea 300,000 484,166 950,000 23,130 105,000 185,000 644,425 315,000 1,000,000 104,000 1,070,000

Izrael 362,500 Check Point Software Technologies 700,000 Orbotech 530,000 Teva Pharmaceutical - ADR -

8,360 13,873

Rusko

Indonesia 29,999,940 70,000 17,001,614 100,000

1.21 1.21

Polsko

Indie 1,799,243 539,892 700,000 1,022,854 976,402 820,000 2,440,000 28,241 504,629 25,000 999,473 1,650,000 500,000 103,000 1,980,000

18,579 18,579

Hyundai Motor Kookmin Bank KT&G Nong Shim Posco Posco - ADR Power Logics Samsung Electronics Shinhan Financial SK Telecom SK Telecom - Sp. ADR -

294,756 19.25

19

Výkaz investic -

Výkaz investic –


Global Leader Fund 30-04-2004

počet


počet hodnota

x USD 1,000


%

hodnota

x EUR 1,000

%

293 276

4.38 4.13

569

8.51

AKCIE

Tajwan 12,100,000 13,400,000 530,000 15,000,446 2,760,000 552,000 928,000 2,652,800 3,938,247 3,617,000 6,427,902 15,000,000 14,920,015 39,000,000 15,820,000

Advanced Semiconductor Engineering Chinatrust Financial Chunghwa Telecom Delta Electronics Hon Hai Precision Hon Hai Precision - GDR Kinko Optical Micro-Star President Chain Store Princeton Technology Radiant Opto-Electronics Taishin Financial Goldings Taiwan Semiconductor Manufacturing United Microelectronics Yang Ming Marine Transport

10,053 14,400 8,840 18,468 10,884 5,073 3,743 3,641 6,994 6,043 17,124 13,140 25,825 34,985 13,239

0.66 0.94 0.58 1.21 0.71 0.33 0.24 0.24 0.46 0.39 1.12 0.86 1.69 2.28 0.86

Francie 16,700 AXA 13,700 France Telecom

Německo 21,400 Deutsche Lufthansa

17,300 CRH

0.96 1.36 1.18 1.07

69,653

4.55

7,000 4,800 32,500 94,000

16,342

1.07

16,342

1.07

Canon NEC Electronics Nissan Motor Tokyo Gas

4.58

306 282 302 291

4.58 4.22 4.52 4.3

Nizozemí 16,100 ING 12,000 Philips Electronics

288 273

4.31 4.09

561

8.40

Švýcarsko 8,100 Novartis

AKCIE CELKEM

4.58

306

1,181 17.67

Turecko 3,050,000,000 Arcelik

306

Japonsko

Thajsko 14,758 20,800 18,085 16,010

4.30 4.30

Irsko

192,452 12.57

6,709,727 Advanced Information Service Foreign shares 5,700,000 PTT 3,350,000 Siam Cement - Foreign shares 13,850,000 Siam Commercial Bank Public

287 287

1,529,430 99.86

301

4.50

301

4.50

285 310 288

4.27 4.64 4.31

Velká Británie

OBLIGACE

59,100 BG 14,300 Reckitt Benckiser 11,500 Royal Bank of Scotland

Indie 1,848,320 Hindustian Lever 03 - 9.000 01.01.2005

OBLIGACE CELKEM INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

271

0.02

271

0.02

271

0.02

883 13.22

Spojené Státy 10,100 7,000 5,700 6,800 5,200 7,150 29,800 9,100 9,100

1,529,701 99.88 1,889

0.12

1,531,590 100.00

CVS Coca Cola Guidant H&R Block Ingersoll-Rand Kohls Oracle Viacom Yum ! Brands

326 295 300 256 280 249 280 293 294

4.89 4.41 4.49 3.83 4.19 3.73 4.19 4.38 4.40


6,661 99.69

LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

20

21 6,682 100.00

0.31

Statement of investments – Global Resources Fund 30-04-2004

počet

Statement of investments Global Resources Fund 30-04-2004


počet hodnota

x USD 1,000


%

hodnota

x USD 1,000

AKCIE

%

Spojené Státy (pokračování) 4,950 Peabody Energy 25,000 Schlumberger

Kanada 6,000 Imperial Oil 15,600 Nexen

262 569

1.61 3.50

831

5.11

98 144

0.60 0.89

242

1.49

1,517

9.33

1,517

9.33


Francie 8,200 Total

Hong Kong 500,000 China Petroleum and Chemical

173 1.06 173 1.06

Itálie 73,200 16,000 75,000 27,500

ENI Enel Saipem Snam Rete Gas

1,488 128 703 122

9.14 0.79 4.32 0.75

2,441 15.00

Nizozemí 10,600 Fugro 6,450 Royal Dutch Petroleum

614 314

3.78 1.93

928

5.71

Norsko 48,000 Statoil

600 0 3.69 600 3.69

Rusko 3,600 Gazprom - ADR 3,000 Yukos Oil - ADR -

111 134

0.68 0.82

245

1.50

Jižní Afrika 4,550 Impala Platinum

310 1.91 310 1.91

Španělsko 10,000 Repsol

211 1.30 211 1.30

Velká Británie 247,000 56,000 72,085 43,000 16,000 80,000

BG BHP Billiton BP National Grid Transco United Utilities Wood Group

1,427 447 623 326 153 201

8.78 2.75 3.83 2.00 0.94 1.24

3,177 19.54

Spojené Státy 10,000 10,000 3,500 15,000 3,400 15,000 14,600

Baker Hughes Burlington Resources Chevron Texaco Exxon Mobil Nabors Industries Noble Energy Occidental Petroleum

367 673 320 638 151 692 689

1.43 8.98

5,224 32.13

Čína 2,700 CNOOC - ADR 500,000 China Oilfield Services

232 1,462

2.26 4.14 1.97 3.92 0.93 4.26 4.24

21

15,899 97.77 362

2.23

16,261 100.00

Výkaz investic -

Výkaz investic -

Global Technology Fund 30-04-2004

Global Technology Fund 30-04-2004

počet


počet

hodnota

x USD 1,000


%

hodnota

x USD 1,000

AKCIE

%

Spojené Státy (pokračování) 45,000 47,000 64,000 70,000 52,000 210,000 14,500 31,000 56,000 181,000 77,514 88,000 30,000 49,000 199,000 42,000 15,500 197,000 32,000 110,000 ; 42,000 19,000 32,000 44,000 12,000

Kanada 198,000 Nortel Networks

747 1.00 747 1.00

Finsko 129,400 Nokia

1,821

2.44

1,821

2.44

610 1,876 893

0.82 2.51 1.23

3,379

4.53

1,971

2.64

1,971

2.64

1,259 757 958 651 437

1.69 1.01 1.28 0.87 0.59

4,062

5.44

518 2,547

0.69 3.41

3,065

4.10

Francie 27,000 Business Objects 53,000 Cap Gemini 40,500 STMicroelectronics

Německo 13,000 SAP

Japonsko 24,000 7,000 13,600 3,000 3,500

Canon Hoya NEC Electronics Obic Rohm

Emulex First Data Flextronics Foundry Networks Hewlett Packard Intel KLA-Tencor Lam Research Lexar Media Maxtor McDATA Motorola Novellus Systems Nvidia Oracle QLogic Qualcomm RF Micro Devices Sandisk Seagate Technology

750 2,133 1,028 791 1,024 5,403 605 684 516 1,178 413 1,606 868 1,005 2,239 1,134 968 1,450 741 1,376

1.00 2.86 1.38 1.06 1.37 7.23 0.81 0.92 0.69 1.58 0.55 2.15 1.16 1.35 3.00 1.52 1.30 1.94 0.99 1.84

Texas Instruments UTStarcom VeriSign Veritas Software Xilinx

1,054 501 519 1,175 403

1.41 0.67 0.69 1.57 0.54

52,831 70.74

Nizozemí 25,000 ASM International 160,000 ASML


Jižní Korea 7,000 Samsung Electronics - GDR -

1,647

2.21

1,647

2.21

Španělsko 60,000 Indra Sistemas

778

1.04

778

1.04

Tajwan 134,024 Taiwan Semiconductor Manufacturing

1,277

1.71

1,277

1.71

1,064 1,116 705

1.42 1.50 0.94

2,885

3.86

1,110 1,287 1,718 675 1,062 711 1,051 501 1,021 872 774 6,482 2,295 902 962

1.49 1.72 2.30 0.90 1.42 0.95 1.41 0.67 1.37 1.17 1.04 8.68 3.07 1.21 1.29

Velká Británie 515,000 ARM 290,000 LogicaCMG 230,000 The Sage Group

Spojené Státy 46,700 31,000 760,000 25,000 40,000 52,000 92,000 50,000 27,000 68,000 44,000 310,000 66,000 80,800 19,000

Accenture Adobe Systems Agere Systems Agilent Technologies Amdocs Avaya BEA Systems BearingPoint Broadcom Cadence Design System Celestica Cisco Systems Dell EMC Electronic Arts

22

74,463 217

99.71

0.29 74,680 100.00

Výkaz investic – Japan Equity Fund 30-04-2004

počet

Výkaz investic – Japan Equity Fund 30-04-2004


počet hodnota

x USD 1,000


%

hodnota

x USD 1,000

AKCIE

%

Japonsko (pokračování) 175,800 400,000 287,000 970 142,000 424,000 24,500 595,000 390,000 89,700 225,000 51,900 103,000 310,000 238,000

Japonsko 17,410 103,000 252,000 28,710 130,000 142,000 104,000 36,500 248,000 1,254 78,130 70,000 86,000 53,400 17,100 99,000 55,400 28,000 211,400 601,000 99,000 11,310 109,500 92,500 260,000 338,000 342,500 36,000 350,000 208 109,000 157,000 566,000 1,273 542,000 290,000 532,000 558,000 647 35,600 491,000 17,000 25,200 107,000 926 17,180 495,300 350,400 350,400 61,350 390,000 136,000 4,480 5,600 415,000 39,200 380,000 57,700 36,900 31,700 20,200 118,000 270,000 112,000 208,000 100,000 59,000 36,500

Acom Ajinomoto Asahi Glass Belluna Brother Industries Canon Daikin Industries Daito Trust Construction Denso East Japan Railway Eneserve Fanuc Fuji Photo Film Fuji Seal Funai Electric Honda Motor Hoya Ito En JFE Kaneka Kao Keyence Komeri Konica Minolta Kubota Kuraray Marui Matsumotokiyoshi Matsushita Electric Industrial Millea Mitsubishi Mitsubishi Estate Mitsubishi Heavy Industries Mitsubishi Tokyo Financial Mitsui Mitsui Chemicals Mitsui Fudosan Mitsui OSK Lines Mizuho Financial Murata Manufacturing NEC NEC Electronics Nidec Nikon Nippon Telegraph & Telephone Nippon Television Network Nissan Motor Nissin Co Nissin Co (when issued) Nissin Healthcare Food Service Nomura NSK NTT Docomo Obic Oji Paper Orix Osaka Gas Paris Miki Pioneer Electric Plenus Rohm Secom Sekisui House Seven Eleven Japan Sharp Shin Etsu Chemical Shionogi SMC

1,240 1,205 2,667 994 1,284 7,449 2,436 1,237 5,225 6,409 3,094 4,288 2,767 2,139 2,544 3,974 5,994 1,195 4,741 5,550 2,364 2,716 2,997 1,281 1,129 2,536 5,375 1,090 5,141 2,959 1,039 1,857 1,559 11,326 4,469 1,527 5,857 2,442 3,060 2,336 3,858 1,197 2,720 1,252 4,867 2,790 5,516 1,270 1,280 1,195 6,333 626 8,890 1,215 2,591 4,156 1,054 1,346 1,053 982 2,521 5,058 2,863 3,806 3,751 4,042 929 4,184

0.46 0.45 0.99 0.37 0.48 2.77 0.90 0.46 1.94 2.38 1.15 1.59 1.03 0.79 0.94 1.48 2.23 0.44 1.76 2.06 0.88 1.01 1.11 0.48 0.42 0.94 2.00 0.40 1.91 1.10 0.39 0.69 0.58 4.20 1.66 0.57 2.17 0.91 1.14 0.87 1.43 0.44 1.01 0.46 1.81 1.04 2.05 0.47 0.48 0.44 2.35 0.23 3.30 0.45 0.96 1.54 0.39 0.50 0.39 0.36 0.94 1.88 1.06 1.41 1.39 1.50 0.34 1.55

Sony Sumitomo Chemical Sumitomo Electric Industries Sumitomo Mitsui Financial Takeda Chemical Industries Teijin Tokyo Electron Tokyo Gas Toshiba Toyko Electric Power Toyota Motor UNI-Charm Yamanouchi Pharmaceutical Yamato Transport Zeon

6,802 1,849 2,653 7,331 5,726 1,276 1,492 2,205 1,792 1,922 8,135 2,455 3,435 4,711 1,723

2.53 0.69 0.98 2.72 2.13 0.47 0.55 0.82 0.67 0.71 3.02 0.91 1.28 1.75 0.64

264,344 98.14 INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

23

264,344 98.14 5,017

1.86

269,361 100.00

Statement of investments -

Statement of investments -

Latin America Equity Fund 30-04-2004

Latin America Equity Fund 30-04-2004

počet


počet


hodnota

x USD 1,000

%

hodnota

x USD 1,000

AKCIE

%

Peru 244,900 Cia de Minas Buenaventura - ADR -

Argentina 602,400 BBVA Banco Frances 745,532 Grupo Financiero Galicia - ADR 660,000 Telecom Argentina

4,163 5,316 5,551

1.23 1.58 1.64

15,030

4.45

Banco Bradesco - Pref. Banco do Brazil Brasil Telecom - ADR Caemi Mineracao E Metal - Pref. Companhia de Bebidas - ADR Companhia Brasileira de Distribution de Acucar 56,450,000 Companhia de Gas de Sao Paulo 647,700,000 Companhia de Transmissao de Energia Eletrica Paul 492,800,000 Companhia Paranaense de Energia - Pref. 150,000,000 Companhia Siderurgica Nacional 93,800 Companhia Vale do Rio Doce - Pref. A 260,000 Companhia Vale do Rio Doce - Pref. B 167,100,000 Electrobras 368,100,000 Electrobras - Pref.B 16,200 Embraer Aircraft - ADR 544,400 Empresa Brasileira de Aeronautica - Pref. 1,021,400 Gerdau - Pref. 4,092,000 Klabin - Pref. 421,000,000 Lojas Americanas - Pref. 1,551,300 Marcopolo - Pref. 531,800 Perdigao - Pref. 1,073,100 Petroleo Brasileiro - ADR 1,388,000 Sadia - Pref. 94,100,000 Siderurgica de Tubarao - Pref. 235,100 Souza Cruz 302,800 Tele Celular Sul Participacoes - ADR 6,876,293 Tele Centro Oeste Celular Participacoes 1,322,800,000 Tele Centro Oeste Celular Participacoes - Pref. 775,475,922 Tele Norte Leste Participacoes 342,900 Unibanco - GDR -

4,725 3,586 2,895 16,088 6,547

1.40 1.06 0.86 4.76 1.94

4,473 2,941

1.32 0.87

478,440 Cia Anonima Telefonica Venezuela - Sp. ADR -

AKCIE CELKEM

1.25 0.94 1.08 0.63 0.35 1.54 0.64

21,707

6.43

OPCE CELKEM

America Movil Cemex - ADR Consorcio ARA Controladora Comercial Mexicana Corporacion Geo Fomento Economico Mexicano - ADR Grupo Financiero Banorte Grupo Financiero Inbursa Grupo Modelo Telefonos de Mexico - ADR Walmart De Mexico

30,589 17,205 4,543 5,892 7,501 7,004 7,441 2,404 7,983 24,910 12,925

9.06 5.10 1.35 1.74 2.22 2.07 2.20 0.71 2.36 7.38 3.83

0

0.00

3

0.00

3

0.00

3

0.00

WARANTY Mexiko 743 Cemex - ADR - Strike 28.84518 21.12.2004

WARANTY CELKEM INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

Mexiko 905,000 584,200 1,663,870 5,311,480 1,309,900 160,200 2,095,300 1,924,150 3,187,600 729,690 4,424,900

0 0.00 0 0.00

1.12 2.50 1.99

4,237 3,160 3,641 2,127 1,177 5,192 2,173

2.71

332,814 98.56

120 Banco Hipotecario OTC Call 50.00 28.05.2004

Chile Antofagasta Banco Santander Chile Compania de Telecomunicaciones - ADR Distribucion y Servicio D&S Embotell. Andina - ADR Enersis - ADR Vina de Concha y Toro - ADR -

2.71

9,162

Argentina

153,218 45.38

254,200 126,600 320,750 140,100 101,900 858,100 53,000

9,162

OPCE

2,246 0.67 1,609 0.49 7,100 2.10 3,629 1.07 16 0.00 1,724 0.51 4,032 1.19 418 0.12 3,419 1.01 10,744 3.18 5,082 1.51 3,571 1.06 2,637 0.78 4,750 1.41 31,013 9.19 1,898 0.56 2,634 0.78 2,034 0.60 4,466 1.32 24 0.01 3,775 8,421 6,721

1.57 1.57

Venezuela

Brazílie 116,818 553,300 93,400 44,309,000 349,000 251,300

5,300 5,300

128,397 38.02

24

332,817 98.56 4,850

1.44 337,667 100.00

Výkaz investic North America Equity Fund 30-04-2004

Výkaz investic – Netherlands Equity Fund 30-04-2004

počet


počet hodnota

x EUR 1,000


%

hodnota

x USD 1,000

AKCIE

%

AKCIE

Nizozemí

Spojené Státy 48,525 250,951 409,253 70,200 118,010 150,600 5,500 234,478 34,689 43,500 19,400 18,375 249,172 279,000 275,500 44,033 87,446 96,865 197,700 56,201 25,806 40,699 70,300 200,000 34,342 23,488

Aalberts Industries ABN AMRO Aegon Akzo Nobel ASM International ASML DSM Fortis Fugro Heijmans Heineken Heineken - A ING Koninklijke Ahold Koninklijke KPN Nutreco Ordina Philips Electronics Reed Elsevier Royal Dutch Petroleum TPG Unilever Vedior Versatel Telecom VNU Wolters Kluwer

1,211 4,552 4,469 2,134 2,042 2,000 220 4,263 1,676 882 683 565 4,455 1,802 1,656 1,309 809 2,201 2,317 2,280 464 2,236 852 358 802 330 46,568

AKCIE CELKEM

2.58 9.70 9.52 4.55 4.35 4.26 0.47 9.08 3.57 1.88 1.46 1.20 9.49 3.84 3.53 2.79 1.72 4.69 4.94 4.86 0.99 4.76 1.82 0.76 1.71 0.70

106,300 122,300 182,200 174,900 31,900 171,100 151,200 84,100 226,400 247,400 244,700 116,000 90,800 167,200 161,600 87,300 59,200 206,500 333,600 4,800 211,500 141,700 138,900 184,900 244,000 100,200 103,800 195,400 192,600 342,900 140,100 235,800 196,000 174,900 310,200

99.22

46,568 99.22

PRÁVA Nizozemí 48,525 Aalberts Industries

31 0.07 31 0.07

3m American Express American International Group Amgen Apollo Group Bed Bath & Beyond Boston Scientific Caterpillar Cisco Systems Citigroup Coca Cola Colgate Palmolive Ebay Electronic Arts Eli Lilly Gannett Genentech General Electric Gillette Illinois Tool Works Johnson & Johnson Kohls Marriott International Maxim Integrated Products Medtronic Omnicom Oracle Paychex PepsiCo Pfizer Procter & Gamble Qualcomm Schlumberger United Parcel Service Walt Disney

9,193 5,987 13,055 9,866 2,903 6,350 6,228 6,537 4,734 11,897 12,374 6,714 7,267 8,464 11,928 7,567 7,270 6,185 13,651 414 11,427 5,922 6,551 8,513 12,312 7,967 1,168 7,263 10,495 12,262 14,816 14,725 11,472 12,269 7,144

2.89 1.88 4.10 3.10 0.91 2.00 1.96 2.05 1.49 3.74 3.89 2.11 2.28 2.66 3.75 2.38 2.28 1.94 4.29 0.13 3.59 1.86 2.06 2.68 3.87 2.50 0.37 2.28 3.30 3.85 4.66 4.63 3.60 3.86 2.24

302,890 95.18 PRÁVA CELKEM INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

31

0.07

INVESTICE

46,599 99.29 327

LIKVIDNÍ AKTIVA

0.71


46,926 100.00

25

302,890 15,350

95.18

4.82 318,240 100.00

Výkaz investic – Pharma Fund 30-04-2004

počet

Výkaz investic – Russia Equity Fund 30-04-2004


počet

hodnota

x EUR 1,000


%

hodnota

x EUR 1,000

AKCIE

%

AKCIE

Francie

Rusko 24,300 Aventis

1,544

2.03

1,544

2.03

1,250 1,500 4,000 2,850 4,700 900 15,000 2,000 8,000 2,750 1,200 3,800 5,500 3,000 5,000 100 5,600 10,000 1,000 8,000 9,000 5,600 6,600

Německo 15,000 Schering 9,000 Stada Arzneimittel

658 395

0.86 0.52

1,053

1.38

597 1,615 417

0.78 2.12 0.55

2,629

3.45

504 504

0.66 0.66

641 5,727 3,938 525

0.84 7.51 5.17 0.69

Japonsko 28,000 Eisai 48,000 Takeda Chemical Industries 15,000 Yamanouchi Pharmaceutical

Švédsko 8,000 Nobel Biocare

Svýcarsko 7,000 154,000 45,000 3,500

Actelion Novartis Roche Straumann

Central Telecommunication Company Cherepovets MK Severstal - GDR Gazprom - ADR Lukoil - Sp. ADR Mining Metallurgical Company Norilsk - ADR Mobile Telesystems - ADR Mosenergo - ADR Oriflame Cosmetics Rostelecom - Sp. ADR Sberbank Sibirtelecom - Sp. ADR Sibneft - Sp. ADR Surgutneftegaz - ADR Surgutneftegaz - Sp. ADR Tatneft - Sp. ADR Transneft - Pref. Unified Energy Systems - GDR Uralsvyazinform - ADR Verkhnaya Salda Metal Volgatelecom - Sp. ADR Vostok Nafta Investment - SDR Wimm-Bill-Dan Foods - ADR Yukos Oil - ADR -

42 41 103 253 232 81 106 52 85 94 38 95 149 109 108 70 138 61 65 41 94 79 248

1.48 1.45 3.64 8.94 8.19 2.86 3.74 1.84 3.00 3.32 1.35 3.36 5.26 3.85 3.81 2.47 4.87 2.15 2.30 1.46 3.32 2.79 8.76

2,489 87.92

10,831 14.21

Velká Británie 87,000 AstraZeneca 330,725 GlaxoSmithkline 86,550 Smith & Nephew

3,394 5,709 733

INVESTICE

4.45 7.50 0.96

9,836 12.91

Spojené Státy 78,000 13,000 69,000 22,500 20,000 32,000 22,000 80,000 33,000 53,000 5,000 16,000 13,000 18,000 21,000 34,000 140,000 83,000 71,000 11,000 6,000 240,000 29,000 5,000 96,500 11,000

Abbott Laboratories AmerisourceBergen Amgen Barr Pharmaceuticals Becton Dickinson Biogen Idec Biomet Bristol Myers Squibb Cardinal Health Eli Lilly Forest Laboratories Genentech Genzyme Gilead Sciences Guidant HCA Johnson & Johnson Medtronic Merck Neurocrine Biosciences OSI Pharmaceuticals Pfizer UnitedHealth Wellpoint Health Networks Wyeth Zimmer

1,400 Vimpel Communications - ADR INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

2,864 628 3,247 777 843 1,575 725 1,675 2,016 3,263 269 1,639 472 915 1,104 1,152 6,310 3,494 2,784 602 369 7,158 1,487 466 3,065 733

3.76 0.82 4.26 1.02 1.11 2.07 0.95 2.20 2.65 4.28 0.35 2.15 0.62 1.20 1.45 1.51 8.29 4.58 3.65 0.79 0.48 9.39 1.95 0.61 4.02 0.96

49,632 65.12 105 3.71 76,029 99.76 180

0.24

76,209 100.00

26

2,489 87.92

LIKVIDNÍ AKTIVA

342 12.08


2,831 100.00

Výkaz investic -

Výkaz investic -

Small Companies Europe Equity Fund 30-04-2004


počet


počet


hodnota

x EUR 1,000

%

AKCIE

hodnota

x EUR 1,000

%

399 496 275 298 417

1.14 1.42 0.79 0.85 1.19

1,885

5.39

Nizozemí 15,977 28,658 13,213 25,980 232,900

Rakousko 3,870 Mayr-Melnhof Karton 10,620 Wienerberger

410 289

1.17 0.83

699

2.00

Aalberts Industries ASM International Imtech Unit 4 Agresso Versatel Telecom

Belgie 11,070 Option

198 0.57

Norsko

198 0.57

117,230 Storebrand

610 1.74 610 1.74

Dánsko 9,890 DSV 9,840 ISS 19,450 Novozymes

350 410 666

1.00 1.17 1.90

1,426

4.07

Portugal sko 18,520 Jeronimo Martins 9,730 Multimedia Servicos 170,810 Sonae

166 184 157

0.47 0.53 0.45

507 1.45

Finsko 41,140 17,450 2,915 31,360

Elisa KCI Konecranes Nokian Renkaat Yit-Yhtyma

469 532 204 488

1.34 1.52 0.58 1.40

1,693

4.84

339 354 358 340

0.97 1.01 1.02 0.97

1,391

3.97

439 508 200 593 509 803 325

1.26 1.45 0.57 1.70 1.46 2.29 0.93

3,377

9.66

53 487 356 11 244 776

0.15 1.39 1.02 0.03 0.70 2.22

1,927

5.51

159 260 200 233 331 184

0.45 0.74 0.57 0.67 0.95 0.53

1,367

3.91

349 354 349 527

1.00 1.01 1.00 1.51

1,579

4.52

Spanělsk o 37,000 Abengoa 96,090 37,000 10,320 25,320 91,260

Francie 73,460 60,010 16,193 9,880

Havas Pinguely-Haulotte UBI Soft Entertainment Valeo

Svédsko 170,864 49,290 16,180 22,720

Německo 15,100 28,170 2,680 13,280 2,655 23,620 7,400

Aareal Bank IDS Scheer Krones - Pref. MPC Münchmeyer Peterson Capital Puma Rheinmetall Stada Arzneimittel

Athens Medical Center Attica Enterprise Hyatt Regency Intracom Intralot Titan Cement

7,580 6,740 14,120 2,480 2,510 7,060

Abbey Anglo Irish Bank Glanbia Heiton Independent News & Media Kingspan

166,770 89,610 83,872 72,250 33,220 63,292 470,061 65,650 36,740 460,151 65,234 44,560 30,640 45,550 96,990 55,080 120,830 1,216,700 100,922 72,430 51,680 59,472 157,970 128,420

Itálie 70,830 59,760 7,020 67,680

Banca popolare di Milano Brembo e.Biscom Mondadori Editore

0.79 2.60 1.37 1.02 0.78 1.60

2,853

8.16

317 116 228 341

0.91 0.33 0.65 0.98

1,002

2.87

Actelion Charles Voegele Phonak PubliGroupe Swiss Life Tecan

694 362 314 665 286 223

1.98 1.04 0.90 1.90 0.82 0.64

2,544

7.28

287 361 184 584 528 325 259 213 227 252 252 173 332 276 446 194 492 351 609 317 147 191 366 329

0.82 1.03 0.53 1.67 1.51 0.93 0.74 0.61 0.65 0.72 0.72 0.49 0.95 0.79 1.28 0.55 1.41 1.00 1.74 0.91 0.42 0.55 1.05 0.94

Velká Británie

Irsko 19,194 19,080 76,470 46,720 174,150 41,320

Anoto Boss Media Modern Times Trelleborg

275 910 479 357 274 558

Svýcarsko

Řecko 37,330 134,460 41,074 2,244 15,860 20,460

Enagas Fadesa Inmobiliaria Gamesa Indra Sistemas Telefonica Publicidad e Informacion

27

ARM Bloomsbury Publishing Bodycote Bovis Homes Cairn Energy Cattles Chime Communications Chrysalis Collins Stewart Tullet Corus CSR Expro International Games Workshop George Wimpey Hit Entertainment HMV Icap Invensys iSOFT Itnet Lastminute.com LogicaCMG MFI Furniture Group Michael Page

Výkaz investic -

Výkaz investic -


Socially Responsible Equity Fund 30-04-2004

počet


počet hodnota

x EUR 1,000

%

Northgate Paddy Power Serco Singer & Friedlander Spectris Spirent The Weir Group Victrex Wolverhampton & Dudley Breweries

191 366 448 398 398 233 340 591 412

0.55 1.05 1.28 1.14 1.14 0.67 0.96 1.69 1.18

x EUR 1,000

%

30 37

0.57 0.71

67

1.28

38 55

0.72 1.05

93

1.77

Rakousko 2,650 Australia and New Zealand Banking 13,000 Telstra

Dánsko 950 Novo Nordisk 4,400 Vestas Wind Systems

11,072 31.67

Finsko AKCIE CELKEM

hodnota

AKCIE

Velká Británie (pokračování) 20,649 38,373 140,962 111,770 55,650 230,980 80,840 103,075 32,370


34,130 97.61

2,600 Tietoenator

65

1.24

65

1.24

49

0.93

49

0.93

58 86 53 51

1.11 1.64 1.01 0.97

248

4.73

73

1.39

73

1.39

53

1.01

53

1.01

88 27 69 55 78

1.68 0.51 1.32 1.05 1.49

317

6.05

87 48 109 122

1.66 0.92 2.08 2.33

366

6.99

Francie

PRÁVA Nizozemí 15,977 Aalberts Industries

PRÁVA CELKEM INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

10

0.03

10

0.03

10

0.03

350 Groupe Danone

Německo 1,350 1,250 3,700 400

34,140 97.64 825

2.36

BASF Deutsche Bank Deutsche Telekom SAP

34,965 100.00

Hong Kong 6,000 HSBC

Irsko 3,000 CRH

Japonsko 2,000 4 2,000 1,700 2,600

Canon Central Japan Railway Ito Yokado Sony Toyota Motor

Nizozemí 4,800 3,600 4,800 3,000

ABN AMRO ASML Philips Electronics Royal Dutch Petroleum

Norsko 6,500 Tomra Systems

22

0.42

22

0.42

29 29

0.55 0.55

134 109 55 89

2.56 2.08 1.05 1.70

387

7.39

Švédsko 1,000 SKF

Švýcarsko 3,600 1,250 1,000 1,500

28

Novartis Roche Schweizerische Rückversicherung UBS

Výkaz investic -

Výkaz investic – Switzerland Equity Fund 30-04-2004

Socially Responsible Equity Fund 30-04-2004 počet


počet

x EUR 1,000

%

54 204 105 37 29 23 66 40 72 83 21 164 67

1.03 3.89 2.00 0.71 0.55 0.44 1.26 0.76 1.37 1.58 0.40 3.13 1.29

Aviva BG BP British Sky Broadcasting Cadbury Schweppes Capita Kingfisher LogicaCMG Pearson Royal Bank of Scotland Smith & Nephew Vodafone WPP

Svýcarsko 276,700 12,850 24,250 3,400 114,700 2,500 23,960 60,300 14,000 600 25,450 1,700 24,000 1,370 20,000 12,375 26,800 1,200 62,425 17,200 46,420 3,850 6,869 1,300 13,690 630 6,500 82,950 13,925

Spojené Státy 3m Adobe Systems Air Products and Chemicals Amgen BMC Software Bank of America Cisco Systems Citigroup Cooper Cameron Dell Eli Lilly Emerson Electric Freddie Mac FuelCell Energy General Mills Genzyme Hartford Financial Services Home Depot IBM Intel Johnson & Johnson Masco Merck Merrill Lynch Microsoft Northern Trust Pfizer Procter & Gamble Prudential Financial Texas Instruments Verizon Communications Wells Fargo

36 73 46 28 26 107 91 182 32 96 49 25 54 43 98 22 66 92 77 92 97 61 102 54 116 39 179 88 70 27 85 99

0.69 1.39 0.88 0.53 0.50 2.04 1.74 3.47 0.61 1.83 0.93 0.48 1.03 0.82 1.87 0.42 1.26 1.75 1.47 1.75 1.85 1.16 1.96 1.03 2.21 0.74 3.41 1.68 1.34 0.51 1.62 1.89

INVESTICE

AKCIE CELKEM


2,020 1,828 1,405 289 5,242 209 2,156 2,011 949 473 1,704 381 942 692 1,207 4,059 1,549 500 8,489 712 3,960 897 1,183 230 1,420 888 319 7,643 2,855

2.32 2.10 1.62 0.33 6.03 0.24 2.48 2.31 1.09 0.54 1.96 0.44 1.08 0.80 1.39 4.67 1.78 0.57 9.76 0.82 4.55 1.03 1.36 0.26 1.63 1.02 0.37 8.79 3.28

56,212 64.62

WARANTY Svýcarsko 31,000 ABN Nestlé 17.06.2005 Call CHF 250.00 7,750,000 ABN Novartis 18.06.2004 Call CHF 57.85 62,000 Deutsche UBS 18.11.2005 Call CHF 55.00

CELEKM WARRANTY

5,086 97.01 157

ABB Actelion Adecco Basilea Pharmaceutical CS Charles Voegele Holding Ciba Specialty Chemicals Compagnie Financière Richemont - A Converium Geberit Holcim Helvetia Patria Kudelski Kuoni Reisen Micronas Semiconductor Nestlé Novartis PubliGroupe Roche SEZ Schweizerische Rückversicherung Straumann Swatch Swiss Life Syngenta Synthes-Stratec Tecan UBS Zurich Financial Services

56,212 64.62

2,352 44.86

LIKVIDNÍ AKTIVA

%

AKCIE

965 18.40

500 2,100 1,100 600 1,800 1,600 5,200 4,600 800 3,300 800 500 1,100 3,100 2,400 600 1,300 3,150 1,050 4,300 2,150 2,600 2,600 1,200 5,300 1,100 6,000 1,000 1,900 1,300 2,700 2,100

hodnota

x CHF 1,000

Velká Británie 6,600 42,300 14,600 3,800 4,300 5,000 15,800 12,500 7,400 3,300 2,450 81,000 8,100


hodnota

2.99 5,243 100.00

29

2,444 2,480 2,181

2.81 2.85 2.51

7,105

8.17

7,105

8.17

INVESTICE

63,317 72.79

LIKVIDNÍ AKTIVA

23,676 27.21


86,993 100.00

Výkaz investic -

Výkaz investic – Asia Bond Fund 30-04-2004

US Equity Value Fund 30-04-2004 počet


Pře v o d i t e l n é c e n n é p a p í r y při jaté k nominál v USD obchodování na burze nebo hodnota není-li určeno jinak obchodované na jiném regulovaném trhu

hodnota

x USD 1,000

%

x 1,000

x USD 1,000

%

OBLIGACE

AKCIE

Vládní

Spojené státy 74,820 26,730 11,580 20,885 213 21,790 6,700 10,670 10,485 23,790 31,180 7,535 15,040 37,200 25,680 70,810 13,300 12,950 95,540 6,090 29,250 16,750 26,845 107,045 10,825 7,125 32,560 19,640 13,950 58,365 10,860 9,570 16,320 14,820 23,960 31,230 27,220 20,240 33,570 43,640 39,650 17,710 10,955 10,670 155,330 7,600 36,520 34,210 10,320 12,065

3com American Power Conversion Anadarko Petroleum Andrx Berkshire Hathaway Bristol Myers Squibb Chevron Texaco Citigroup Colgate Palmolive Comcast Comverse Technology Conoco Phillips Costco Wholesale CSK Auto Diamond Offshore Drilling DoubleClick DST Systems Du Pont de Nemours General Cable General Dynamics Hain Celestial Hewitt Associates Hewlett Packard Innkeepers USA Trust JP Morgan Chase Kimberley Clark King Pharmaceuticals Kraft Foods Laboratory Corp of America Liberty Media Loews Martin Marietta Materials Masco May Department Stores McDonald's MedImmune Microsoft National-Oilwell Newell Rubermaid O'Charleys Office Depot Performance Food Prudential Financial Radian Safeguard Scientifics Telephone and Data Systems Time Warner Vail Resorts Wachovia Washington Mutual

460 602 620 477 664 547 613 513 607 718 510 537 564 687 579 570 587 556 736 570 576 518 529 821 407 466 562 646 554 639 630 414 457 456 652 762 711 565 796 824 694 622 481 496 404 501 614 532 472 475

1.58 1.72 2.13 1.64 2.28 1.88 2.10 1.76 2.08 2.46 1.75 1.84 1.93 2.36 1.98 1.95 2.01 1.91 2.52 1.95 1.97 1.78 1.81 2.81 1.40 1.60 1.93 2.21 1.90 2.19 2.16 1.42 1.57 1.56 2.24 2.61 2.44 1.94 2.73 2.82 2.38 2.13 1.65 1.70 1.38 1.72 2.10 1.82 1.62 1.63

890 658 600 575

9.875% 8.375% 8.875% 9.875%

Philippines 00 - 16.03.2010 Philippines 04 - 15.02.2011 Philippines 04 - 17.03.2015 Philippines 99 - 15.01.2019

973 658 598 593

2,822 15.50

Finanční instituce 530 9.025% Bangkok Bank 98 - 15.03.2029 200 7.650% Bank Danamon Indonesia 04 30.03.2014 300 10.625% Bank Mandiri Cayman 02 02.08.2012 300 10.000% Bank Negara Indonesia 02 15.11.2012 1,270 5.125% Bumiputra-Commerce Bank 03 16.10.2013 550 11.500% Cho Hung Bank 00 - 01.04.2010 575 5.750% Korea First Bank 03 10.03.2013 210 7.750% Overseas Chinese Banking 01 06.09.2011 700 6.625% RHB Bank 02 - 25.01.2013 450 6.250% Shinhan Bank 03 - 08.09.2013 300 8.250% Thai Farmers Bank 96 21.08.2016 1,050 11.750% Woori Bank 00 - 01.03.2010 550 4.875% Woori Bank 03 - 02.07.2013

LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

3.22

199

1.09

328

1.80

322

1.77

1,267 591

6.96 3.24

586

3.22

243 733 472

1.33 4.02 2.59

329 1,126 543

1.81 6.18 2.98

Různé 700 7.625% Citic Pacific Finance 01 01.06.2011 1,120 6.500% Hutchison Whampoa 03 13.02.2013 600 7.450% Hutchison Whampoa 03 24.11.2033 600 7.750% Indosat Finance 03 - 05.11.2010 550 7.750% LG Caltex Oil 01 - 25.07.2011 162 8.750% Mei Euro Finance 03 22.05.2010 950 6.000% PCCW-HKTC Capital 03 15.07.2013 1,200 7.750% Petroliam Nasional 95 15.08.2015 400 9.250% Philippine Long Distance Telecom 96 - 30.06.2006 700 7.500% Tenaga Nasional 95 - 01.11.2025 50 7.625% Tenaga Nasional 97 - 29.04.2007 300 9.000% URC Philippines 03 - 06.02.2008

791

4.34

1,129

6.20

576 594 623

3.16 3.26 3.42

153

0.84

956

5.25

1,383

7.59

422 733 56 308

2.32 4.02 0.31 1.69

7,724 42.40

28,893 99.05 278

586

7,325 40.21


5.34 3.62 3.28 3.26

INVESTICE

0.95

LIKVIDNÍ AKTIVA

29,171 100.00

17,871 98.11 (včetně narůstajícího úroku)


30

345

1.89 18,216 100.00

Výkaz investic -

Výkaz investic – Euro Bond Fund 30-04-2004

Czech Crown Bond Fund 30-04-2004 nominál v CZK není-li určeno jinak

Převodi telné c enn é papíry př ija té k obchodování na burze nebo obchodované na jiném regulovaném trhu

x 1,000

nominál v EUR

hodnota

P řevodi teln é cen né papíry p ři ja té k

hodnota obchodování na burze nebo obchodované na jiném regulovaném trhu

není-li určeno jinak

x CZK 1,000

%

x1

OBLIGACE

x EUR

%

1,831,668 4,806,851 3,768,376 11,116,110 12,351,661 9,622,620 2,179,953 28,375,773 12,866,834 658,794 1,649,603 3,027,293 14,161,476 12,555,464 13,657,901 3,246,437 9,678,786 10,175,680 13,768,083 9,277,014 3,244,984 342,848 3,930,399 5,592,570 307,711 5,752,102 21,741,758 2,782,062 11,647,859 2,431,587 14,891,190 3,090,617 12,899,221

0.33 0.86 0.68 1.99 2.21 1.72 0.39 5.08 2.30 0.12 0.30 0.55 2.54 2.25 2.46 0.58 1.73 1.82 2.47 1.66 0.58 0.06 0.71 1.00 0.06 1.03 3.89 0.51 2.09 0.44 2.67 0.55 2.31

1,221,149 1,581,175 13,699,460 1,586,148 10,377,509 2,425,857 4,795,909 19,521,543 3,095,933 12,691,359 16,209,072 4,661,058 4,953,765 11,182,287

0.22 0.28 2.45 0.28 1.86 0.43 0.86 3.50 0.55 2.27 2.90 0.83 0.89 2.00

OBLIGACE

Vládní

Vládní 10,000 30,000 28,000 20,000 30,000 20,000

6.950% 6.550% 5.700% 3.700% 3.000% 0.00%

Czech Republic 01 - 26.01.2016 Czech Republic 01 - 05.10.2011 Czech Republic 01 - 26.10.2006 Czech Republic 03 - 16.06.2013 Czech Republic 03 - 20.01.2006 Czech Republic 03 - 11.06.2004

11,835 4.80 34,050 13.80 29,778 12.07 18,470 7.49 30,150 12.22 19,955 8.09 144,238 58.47

Nadnárodní 10,000 3.250% European Investment Bank 02 15.11.2007 11,550 7.375% International Bank for Reconstruction & Development 99 26.05.2006

9,932

4.02

12,522

5.08

22,454

9.10

19,710 9,799 20,498

7.99 3.97 8.31

10,325

4.19

10,325

4.19

Finanční instituce 20,000 3.500% Cesky Telecom 03 - 09.07.2008 10,000 3.350% CEZ 03 - 23.06.2008 20,000 9.000% Unipetrol 99 - 30.09.2004 50,007

20.27

Různé 10,000 8.200% Radiomobil 99 - 08.11.2004

OBLIGACE CELKEM

227,024 92.03

DLUHOPISY S POHYBLIVOU ÚROKOVOU SAZBOU Různé 1,000 10,000

973 9,500

0.39 3.85

10,473

4.24

DLUHOPISY S POHYBLIVOU ÚROK. SAZBOU CELKEM

10,473

4.24

INVESTICE

237,497 96.27

LIKVIDNÍ AKTIVA

Glaverbel Czech 00 - 10.07.2008 Koninklijke Ahold 00 - 14.09.2005

(včetně narůstajícího úroku)


9,197

1,811,828 ITL 9,059,141,222 3,170,699 10,870,969 11,957,077 9,059,141 2,178,319 25,966,194 11,776,884 591,935 1,578,492 2,717,742 13,588,712 12,075,464 13,135,755 3,038,597 9,059,141 9,059,141 13,588,712 9,059,141 2,717,742 315,698 3,623,656 5,435,485 315,698 5,435,485 19,930,111 2,264,785 10,418,012 2,264,785 13,588,712 2,717,742 11,776,884 1,183,869

4.650% 8.500% 6.250% 4.000% 4.750% 5.000% 4.250% 6.250% 5.750% 6.750% 5.000% 5.750% 5.000% 4.500% 4.500% 5.000% 5.000% 5.750% 3.500% 4.000% 6.250% 5.500% 5.250% 4.500% 4.750% 6.000% 6.000% 6.500% 6.000% 5.250% 6.000% 6.000% 5.500% 6.000%

1,578,492 13,588,712 1,578,492 10,327,421 1,811,828 4,529,571 18,118,282 2,872,856 11,776,884 16,021,694 4,261,929 4,529,571 9,965,055

6.250% 3.000% 4.250% 4.250% 7.500% 6.000% 5.750% 5.250% 5.250% 3.750% 5.400% 5.400% 5.750%

3.73

246,694 100.00

Austria 03 - 15.01.2018 Austria 94 - 15.10.2004 Austria 97 - 15.07.2027 Austria 99 - 15.07.2009 Belgium 99 - 28.09.2005 Belgium 02 - 28.09.2012 Belgium 03 - 28.09.2013 Belgium 96 - 28.03.2007 Belgium 97 - 28.03.2008 Croatia 01 - 14.03.2011 Cyprus 99 - 23.06.2006 Finland 00 - 23.02.2011 France 00 - 12.01.2006 France 00 - 12.07.2006 France 00 - 12.07.2006 France 00 - 25.10.2011 France 00 - 25.10.2011 France 00 - 25.10.2032 France 03 - 12.01.2008 France 98 - 25.04.2009 Germany 00 - 04.01.2030 Germany 00 - 04.01.2031 Germany 00 - 04.07.2010 Germany 03 - 04.01.2013 Germany 03 - 04.07.2034 Germany 96 - 05.01.2006 Germany 97 - 04.07.2007 Germany 98 - 04.07.2027 Greece 00 - 19.05.2010 Greece 02 - 18.05.2012 Italy 97 - 01.11.2007 Italy 99 - 01.05.2031 Italy 99 - 01.11.2010 Korea Development Bank 00 13.04.2005 Latvia 99 - 14.05.2004 Netherlands 03 - 15.07.2006 Netherlands 03 - 15.07.2013 Netherlands 03 - 15.07.2013 Netherlands 93 - 15.01.2023 Netherlands 96 - 15.01.2006 Netherlands 97 - 15.02.2007 Netherlands 98 - 15.07.2008 Netherlands 98 - 15.07.2008 Netherlands 99 - 15.07.2009 Spain 01 - 30.07.2011 Spain 01 - 30.07.2011 Spain 01 - 30.07.2032

375,433,509 67.26

Nadnárodní NLG

4,735,476 6.250% Asian Development Bank 96 01.03.2006

2,284,889 0.41 2,284,889 0.41

Finanční instituce NLG

31

1,657,417 7.125% Abbey National 00 28.09.2049 254,137 6.750% ABN AMRO Bank 87 01.06.2007 1,026,020 4.625% ABN AMRO Bank 99 12.05.2009 473,548 4.625% Aegon 03 - 16.04.2008 868,171 4.750% Aegon Funding 01 - 28.02.2005 1,460,105 6.125% Allianz Finance 02 - 31.05.2022 2,367,738 6.500% Andina de Fomento 00 16.11.2005

1,900,725

0.34

122,507

0.02

1,063,623 491,779 884,926 1,580,637

0.19 0.09 0.16 0.28

2,492,044

0.45


Výkaz investic – Euro Bond Fund 30-04-2004 nominál v EUR není-li určeno jinak


x1

nominál v EUR

hodnota

x EUR

není-li určeno jinak

%

x1

Finanční instituce (pokračování)

DEM

DEM NLG

DEM

789,246 4.450% Australia & New Zealand Banking 03 - 05.02.2015 805,189 749,784 6.988% Banca Intesa Capital Trust 01 12.07.2049 848,680 1,341,718 5.125% Banco Santander 99 - 06.07.2009 1,418,330 394,623 4.750% Bank of America 04 - 06.05.2019 394,149 962,880 7.400% Bank of Ireland 01 - 07.03.2011 1,125,511 315,698 6.250% Banque Cent de Tunisie 03 20.02.2013 334,451 1,026,020 5.750% Barclays Bank 01 - 08.03.2011 1,120,824 868,171 5.500% BBVA Capital Funding 01 04.07.2011 914,791 2,920,210 6.342% BNPParibas (PERP. 49) 02 24.01.2012 3,244,938 228,881 6.250% Caixa General Deposit Financial 99 - 12.10.2009 253,864 324,380 5.125% Chase CCMT 1998-1 98 15.02.2005 331,095 394,623 5.500% CIT Group 01 - 16.05.2005 406,679 749,784 3.875% Citigroup 03 - 21.05.2010 747,647 2,683,436 4.750% Citigroup 04 - 10.02.2019 2,702,086 3,156,984 5.250% Countrywide Home Loan 98 15.12.2005 1,675,881 789,246 6.625% Credit Suisse 00 - 05.10.2010 893,150 678,752 5.750% Danske Bank 01 - 26.03.2011 731,660 505,117 5.125% Danske Bank 02 - 12.11.2012 532,924 1,578,492 5.375% Deutsche Bank Finance 02 27.03.2012 1,673,123 1,657,417 6.875% Euroclear Finance 00 - 04.10.2007 1,833,119 2,052,040 5.250% European Credit Card Office 98 18.06.2008 1,119,487 2,367,738 5.250% European Mortgage Securities 98 13.05.2008 1,142,716 1,499,567 6.500% Fortis Bank (PERP. 49) 01 26.09.2011 1,674,657 1,262,794 5.125% General Electric Capital 02 04.03.2009 1,344,181 1,578,492 5.000% GMAC Swift Trust 99 18.01.2005 1,607,457 3,946,230 5.375% Goldman Sachs 98 - 15.04.2008 2,145,999 394,623 6.250% Hannover Finance 01 - 14.03.2031 427,594 789,246 4.375% Holcim Finance 03 - 23.06.2010 794,060 1,854,728 4.250% Holmes Financing 01 16.10.2006 1,913,987 1,775,804 5.250% Household Finance 98 23.11.2005 1,846,925 2,525,587 5.369% HSBC Capital Funding 03 24.04.2014 2,584,181 789,246 6.375% Imperial Tobacco Finance 99 27.09.2006 845,519 1,894,190 6.500% ING Bank 00 - 15.06.2010 2,137,310 2,052,040 6.250% ING Verzekeringen 01 21.06.2021 2,254,576 1,973,115 4.125% International Lease Finance 99 12.07.2004 1,980,120 1,696,879 6.125% Lehman Brothers 00 23.03.2007 1,833,647 828,708 5.625% Lloyds TSB (PERP.49) 99 15.07.2009 889,204 1,578,492 5.250% Merrill Lynch 98 - 18.08.2008 1,676,990 710,321 6.125% Michelin Finance Luxembourg 02 16.04.2009 776,985 157,849 4.375% Morgan Stanley 03 - 14.01.2011 159,025 1,578,492 5.750% Morgan Stanley Dean Witter 02 01.04.2009 1,715,347 3,156,984 6.625% National Westminster Bank 99 05.10.2049 3,545,135 1,183,869 6.467% RBS Capital Trust A 02 30.06.2012 1,323,258


hodnota

x EUR

%

Finanční instituce (pokračování) 789,246 3.750% Rodamco Europe Finance 03 01.07.2010 766,753 1,973,115 5.710% SAECURE 2000-I A2 25.11.2007 2,131,148 710,321 8.126% Sanpaolo Imi Capital 00 10.11.2010 853,247 710,321 5.625% Skandinaviska Enskilda 02 06.06.2012 758,836 591,935 6.125% TPSA Euro Finance 99 27.10.2004 603,507 1,104,944 5.375% Volkswagen Finance Service 02 25.01.2012 1,154,225 828,708 2.875% Westpac Banking 0325.06.2008 813,833 789,246 5.750% Zurich Finance 03 - 02.10.2023 822,592

0.14 0.15 0.25 0.07 0.20 0.06 0.20 0.16 0.58 0.05

0.14 0.38 0.15 0.15 0.11 0.21 0.15 0.15

74,166,833 13.30

0.06 0.08 0.13 0.48

Různé

0.31 0.16 0.13 0.10 0.30 0.33

NLG

0.20 0.20 0.30 0.24 0.29 0.38 0.08 0.14 0.34 0.33 0.46 0.15 0.38 0.40 0.35 0.33 0.16 0.30 0.14 0.03 0.31 0.64 0.24

32

789,246 4.625% AEDS Finance 03 - 03.03.2010 789,246 5.500% Alcan 01 - 02.05.2006 789,246 3.625% Anglo American Capital 0305.06.2008 394,623 5.460% Arena 2001-I A2 01 19.07.2053 868,171 3.500% Auchan 03 - 22.07.2008 394,623 5.875% Autoliv 01 - 23.05.2006 868,171 5.000% Aventis 01 - 18.04.2006 868,171 6.750% Axa 00 - 15.12.2020 1,341,718 6.125% Batavia Credit Card 97 15.12.2006 631,397 6.000% Bayer 02 - 10.04.2012 473,548 6.625% Bes Finance 02 - 08.05.2049 1,657,417 6.375% British Telecom 01 15.02.2006 789,246 5.750% CGNU 01 - 14.11.2021 513,010 4.875% Ciba Special Chem. Fin. Luxembourg 03 - 20.06.2018 1,539,030 7.047% Cl Capital Trust 1 02 29.04.2049 631,397 6.000% Compass 03 - 29.05.2009 473,548 6.875% Continental 01 - 05.12.2008 1,302,256 6.905% Credit Suisse (PERP) 01 07.11.2011 1,578,492 6.250% Danaher 00 - 26.07.2005 1,815,266 8.125% Deutsche Telekom 02 29.05.2012 591,935 7.500% Deutsche Telekom 03 24.01.2033 1,815,266 5.750% E.On International Finance 02 29.05.2009 157,849 4.750% Elia System 04 - 13.05.2014 552,472 6.475% Fortum 03 - 03.11.2006 1,341,718 7.000% France Telecom 02 23.12.2009 1,183,869 8.125% France Telecom 03 28.01.2033 548,659 5.875% Gallaher 98 - 06.08.2008 473,548 7.250% General Motors 03 - 03.07.2013 733,999 8.375% General Motors 03 - 05.07.2033 1,341,718 5.063% Generali Finance 99 28.05.2019 418,300 6.500% Hilton Group Finance 02 17.07.2009 552,472 5.875% Hutchison Whampoa 03 08.07.2013 1,191,761 5.500% Hutchison Whampoa 99 16.03.2006 1,183,869 4.875% Iberdrola 03 - 18.02.2013 789,246 5.250% Investor 98 - 30.06.2008

808,622 828,195

0.14 0.15

785,892

0.14

423,865 865,479 417,117 904,590 978,993

0.08 0.16 0.07 0.16 0.18

652,500 687,654 525,685

0.12 0.12 0.09

1,754,044 843,428

0.31 0.15

501,724

0.09

1,777,567 689,927 531,723

0.32 0.12 0.10

1,480,222 1,646,052

0.27 0.29

2,231,416

0.40

716,744

0.13

1,981,272 157,770 596,725

0.35 0.03 0.11

1,530,364

0.27

1,521,390 590,960 521,613 828,869

0.27 0.11 0.09 0.15

1,403,236

0.25

462,536

0.08

568,383

0.10

1,238,240 1,216,070 833,641

0.22 0.22 0.15



nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo jinak obchodované na jiném regulovaném trhu

nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo obchodované na jiném regulovaném trhu jinak

hodnota

x EUR

%

197,312 4.500% Kingfisher 03 - 21.10.2010 200,479 670,859 7.250% Koninklijke KPN 01 12.04.2006 724,595 670,859 5.750% Koninklijke Philips Electronics 01 - 16.05.2008 722,885 789,246 6.750% Munich Re Finance 03 21.06.2023 876,892 828,708 6.500% National Rural Utilities 02 14.03.2007 898,693 2,565,050 6.125% NGG Finance 01 - 23.08.2011 2,826,428 1,420,643 5.250% NGG Finance Plc. 01 23.08.2006 1,489,899 631,397 6.625% North West Water Finance 00 08.11.2007 696,841 434,085 6.125% OTE 00 - 07.02.2007 465,362 1,973,115 5.750% Pacific Life Funding 00 31.10.2005 2,058,354 868,171 4.625% Pearson 99 - 08.07.2004 871,904 173,634 7.750% Pemex Project Funding Master 00 - 02.08.2007 192,022 236,774 6.375% Petronas Capital 02 - 22.05.2009 259,338 473,548 5.000% Pinault-Printemps-Redoute 03 23.01.2009 479,656 315,698 6.125% Polo Ralph Lauren 99 22.11.2006 335,698 1,657,417 5.750% Portugal Telecom International Finance 01 - 21.02.2006 1,742,608 1,696,879 5.750% Prudential 01 - 19.12.2021 1,802,171 670,859 6.250% Public and Broad Finance 99 01.11.2006 709,702 473,548 6.125% Renault 02 - 26.06.2009 519,032 434,085 6.625% Rexam 02 - 27.03.2007 471,286 4,261,929 6.050% Royal Bank of Scotland 01 23.11.2049 4,667,877 2,367,738 5.500% RWE Finance 02 - 26.10.2007 2,536,913 749,784 5.125% Saint-Gobain 99 - 09.07.2008 790,572 986,558 4.625% Sara Lee 99 - 29.07.2004 992,028 789,246 3.875% Schneider Electric 03 31.10.2008 794,771 868,171 6.000% Singapore Telecommunications 0121.11.2011 957,549 868,171 6.375% SL Finance 02 - 12.07.2022 938,449 907,633 3.250% SLM 03 - 25.07.2008 892,521 947,095 5.875% Sodexho Alliance 02 25.03.2009 1,014,860 1,065,482 7.000% SOGERIM 01 - 20.04.2011 1,220,829 394,623 5.625% Sonera 00 - 14.03.2005 405,454 1,949,438 8.160% Standard Chartered Capital 00 23.03.2049 2,321,410 591,935 6.125% Swedish Match 99 - 01.10.2006 631,949 868,171 5.500% Syngenta Lux Finance 01 10.07.2006 914,835 1,183,869 5.200% TDC 01 - 28.01.2010 1,236,966 868,171 7.750% Telecom Italia 03 - 24.01.2033 1,059,602 789,246 5.375% Telecom Italia 04 - 29.01.2019 773,935 749,784 6.125% Telefonica Europe 00 21.09.2005 785,811 1,026,020 5.125% Telefonica Europe 03 14.02.2013 1,062,290 789,246 6.375% Telstra 01 - 29.06.2011 887,941 552,472 5.250% Tesco 02 - 07.05.2008 589,902 236,774 6.625% TPSA Eurofinance 01 01.03.2006 252,140 1,183,869 4.250% Travelers Ins. Co. Instit Fund 99 16.06.2006 1,217,609 236,774 5.000% Vattenfall Treasury 03 18.06.2018 233,814 1,065,482 5.875% Veolia Environnement 27.06.2008 1,153,278 789,246 6.625% VNU 00 - 30.05.2007 860,239

0.04

x1

x1

hodnota

x EUR

%

1,471,095 847,908 939,882

0.26 0.15 0.17

Různé (pokračování)


NLG

0.13

1,381,181 5.750% Vodafone 99 - 27.10.2006 1,815,266 5.125% Wolters Kluwer 98 - 16.12.2005 868,171 6.000% WPP 01 - 18.06.2008

84,298,782 15.09 0.13 OBLIGACE CELKEM

0.16

536,184,013 96.06

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU

0.16 0.51

Finanční instituce 1,578,492 3,156,984

0.27

SNS Bank 00 - 21.06.2010 Unicredito 00 - 29.10.2049

0.12 0.08 DLUHOPISY S POHYBL. ÚROK. SAZBOU CELKEM

0.37 0.16

INVESTICE 0.03 0.05

LIKVIDNÍ AKTIVA

0.06 0.31 0.32 0.13 0.09 0.08 0.84 0.45 0.14 0.18 0.14 0.17 0.17 0.16 0.18 0.22 0.07 0.42 0.11 0.16 0.22 0.19 0.14 0.14 0.19 0.16 0.11 0.05 0.22 0.04 0.21 0.15

33

0.28 0.68

5,374,800

0.96

5,374,800

0.96

541,558,813 97.02 (včetně narůstajícího úroku)

CELKOVÁ ČISTÁ AKTIVA 0.09

1,582,912 3,791,888

16,659,515

2.98

558,218,328 100.00

Výkaz investic -

Výkaz investic -

Euro Credit Bond Fund 30-04-2004



x1


hodnota

x EUR

x1

%

NLG

Vládní 4.750% 4.250% 6.250% 6.750% 5.000% 4.500% 5.000% 5.500% 4.750% 6.000%

421,508 421,508 767,144 4,278,306 1,138,071

6.250% 4.250% 5.250% 3.750% 5.400%

Belgium 99 - 28.09.2005 Belgium 03 - 28.09.2013 Belgium 96 - 28.03.2007 Croatia 01 - 14.03.2011 Cyprus 99 - 23.06.2006 France 00 - 12.07.2006 France 00 - 25.10.2011 Germany 00 - 04.01.2031 Germany 03 - 04.07.2034 Korea Development Bank 00 13.04.2005 Latvia 99 - 14.05.2004 Netherlands 03 - 15.07.2013 Netherlands 98 - 15.07.2008 Netherlands 99 - 15.07.2009 Spain 01 - 30.07.2011

3,298,289 4.69 582,117 0.83 7,577,263 10.79 175,919 0.25 440,497 0.63 3,352,711 4.77 866,903 1.23 91,552 0.13 82,169 0.12 326,086 422,225 423,552 826,713 4,328,362 1,244,652

DEM

0.46 0.60 0.60 1.18 6.16 1.77

24,039,010 34.21

Nadnárodní NLG

1,264,524 6.250% Asian Development Bank 96 01.03.2006

610,138

0.87

610,138

0.87

507,555

0.72

32,713

0.05

284,022 131,321 236,304 422,081

0.40 0.19 0.34 0.60

665,456

0.94

215,011

0.31

226,625 378,740

0.32 0.54

105,251 300,547

0.15 0.43

89,309 299,296

0.13 0.43

244,279

0.35

866,502

1.22

67,790

0.10

88,413 108,596 199,646 721,544

0.13 0.15 0.28 1.03

447,514 238,500 195,377 142,308

0.64 0.34 0.28 0.20

446,777

0.64

489,502

0.70

298,939

0.43

Finanční instituce NLG

DEM

DEM

x EUR

%

305,142

0.43

447,187

0.64

358,939

0.51

429,243 573,051

0.61 0.82

114,181 212,040

0.16 0.30

511,096

0.73

493,188

0.70

690,059

0.97

225,781 570,730

0.32 0.81

602,044

0.86

528,755 489,643

0.75 0.70

237,446 447,810

0.34 0.64

207,480 42,465

0.30 0.06

458,053

0.65

946,665

1.35

353,352

0.50

204,747

0.29

569,085

0.81

227,844

0.32

202,634

0.29

161,156

0.23

308,215

0.44

217,320 219,658

0.31 0.31


DLUHOPISY 3,192,923 581,681 6,933,806 158,065 421,508 3,224,536 811,403 84,302 84,302 316,131

hodnota

442,583 7.125% Abbey National 00 - 28.09.2049 67,863 6.750% ABN AMRO Bank 87 01.06.2007 273,980 4.625% ABN AMRO Bank 99 12.05.2009 126,452 4.625% Aegon 03 - 16.04.2008 231,829 4.750% Aegon Funding 01 - 28.02.2005 389,895 6.125% Allianz Finance 02 - 31.05.2022 632,262 6.500% Andina de Fomento 00 16.11.2005 210,754 4.450% Australia & New Zealand Banking 03 - 05.02.2015 200,216 6.988% Banca Intesa Capital Trust 01 12.07.2049 358,282 5.125% Banco Santander 99 - 06.07.2009 105,377 4.750% Bank Of America 04 06.05.2019 257,120 7.400% Bank of Ireland 01 - 07.03.2011 84,302 6.250% Banque Cent de Tunisie 03 20.02.2013 273,980 5.750% Barclays Bank 01 - 08.03.2011 231,829 5.500% BBVA Capital Funding 01 04.07.2011 779,790 6.342% BNPParibas (PERP. 49) 02 24.01.2012 61,119 6.250% Caixa General Deposit Financial 99 - 12.10.2009 86,620 5.125% Chase CCMT 1998-1 98 15.02.2005 105,377 5.500% CIT Group 01 - 16.05.2005 200,216 3.875% Citigroup 03 - 21.05.2010 716,564 4.750% Citigroup 04 - 10.02.2019 843,016 5.250% Countrywide Home Loan 98 15.12.2005 210,754 6.625% Credit Suisse 00 - 05.10.2010 181,248 5.750% Danske Bank 01 - 26.03.2011 134,883 5.125% Danske Bank 02 - 12.11.2012 421,508 5.375% Deutsche Bank Finance 02 27.03.2012 442,583 6.875% Euroclear Finance 00 04.10.2007 547,960 5.250% European Credit Card Office 98 18.06.2008

632,262 5.250% European Mortgage Securities 98 13.05.2008 400,433 6.500% Fortis Bank (PERP. 49) 01 26.09.2011 337,206 5.125% General Electric Capital 02 04.03.2009 421,508 5.000% GMAC Swift Trust 99 18.01.2005 1,053,770 5.375% Goldman Sachs 98 - 15.04.2008 105,377 6.250% Hannover Finance 01 14.03.2031 210,754 4.375% Holcim Finance 03 - 23.06.2010 495,272 4.250% Holmes Financing 01 16.10.2006 474,196 5.250% Household Finance 98 23.11.2005 674,413 5.369% HSBC Capital Funding 03 24.04.2014 210,754 6.375% Imperial Tobacco Finance 99 27.09.2006 505,810 6.500% ING Bank 00 - 15.06.2010 547,960 6.250% ING Verzekeringen 01 21.06.2021 526,885 4.125% International Lease Finance 99 12.07.2004 453,121 6.125% Lehman Brothers 00 - 23.03.2007 221,292 5.625% Lloyds TSB (PERP.49) 99 15.07.2009 421,508 5.250% Merrill Lynch 98 - 18.08.2008 189,679 6.125% Michelin Finance Luxembourg 02 16.04.2009 42,151 4.375% Morgan Stanley 03 - 14.01.2011 421,508 5.750% Morgan Stanley Dean Witter 02 01.04.2009 843,016 6.625% National Westminster Bank 99 05.10.2049 316,131 6.467% RBS Capital Trust A 02 30.06.2012 210,754 3.750% Rodamco Europe Finance 03 01.07.2010 526,885 5.710% SAECURE 2000-I A2 25.11.2007 189,679 8.126% Sanpaolo Imi Capital 00 10.11.2010 189,679 5.625% Skandinaviska Enskilda 02 06.06.2012 158,065 6.125% TPSA Euro Finance 99 27.10.2004 295,056 5.375% Volkswagen Finance 02 25.01.2012 221,292 2.875% Westpac Banking 03 25.06.2008 210,754 5.750% Zurich Finance 03 - 02.10.2023

19,804,927 28.19

Různé

NLG

34

210,754 4.625% AEDS Finance 03 - 03.03.2010 210,754 5.500% Alcan 01 - 02.05.2006 210,754 3.625% Anglo American Capital 03 05.06.2008 105,377 5.460% Arena 2001-I A2 01 - 19.07.2053 231,829 3.500% Auchan 03 - 22.07.2008 105,377 5.875% Autoliv 01 - 23.05.2006 231,829 5.000% Aventis 01 - 18.04.2006 231,829 6.750% Axa 00 - 15.12.2020 358,282 6.125% Batavia Credit Card 97 15.12.2006 168,603 6.000% Bayer 02 - 10.04.2012 126,452 6.625% Bes Finance 02 - 08.05.2049

215,928 221,155

0.31 0.31

209,858 113,185 231,111 111,383 241,555 261,422

0.30 0.16 0.33 0.16 0.34 0.37

174,238 183,626 140,375

0.25 0.26 0.20

Výkaz investic -

Výkaz investic -




x1


hodnota

x EUR

%

x1

Různé (pokračování) 442,583 6.375% British Telecom 01 - 15.02.2006 468,386 210,754 5.750% CGNU 01 - 14.11.2021 225,221 136,990 4.875% Ciba Special Chem. Fin. Luxembourg 03 - 20.06.2018 133,976 410,970 7.047% Cl Capital Trust 1 02 29.04.2049 474,667 168,603 6.000% Compass 03 - 29.05.2009 184,233 126,452 6.875% Continental 01 - 05.12.2008 141,987 347,744 6.905% Credit Suisse (PERP) 01 07.11.2011 395,267 421,508 6.250% Danaher 00 - 26.07.2005 439,548 484,734 8.125% Deutsche Telekom 02 29.05.2012 595,859 158,065 7.500% Deutsche Telekom 03 24.01.2033 191,394 484,734 5.750% E.On International Finance 02 29.05.2009 529,063 42,151 4.750% Elia System 04 - 13.05.2014 42,130 147,528 6.475% Fortum 03 - 03.11.2006 159,345 358,282 7.000% France Telecom 02 - 23.12.2009 408,656 316,131 8.125% France Telecom 03 - 28.01.2033 406,260 146,509 5.875% Gallaher 98 - 06.08.2008 157,805 126,452 7.250% General Motors 03 - 03.07.2013 139,287 196,001 8.375% General Motors 03 - 05.07.2033 221,334 358,282 5.063% Generali Finance 99 - 28.05.2019 374,709 111,700 6.500% Hilton Group Finance 02 17.07.2009 123,512 147,528 5.875% Hutchison Whampoa 03 08.07.2013 151,777 318,239 5.500% Hutchison Whampoa 99 16.03.2006 330,650 316,131 4.875% Iberdrola 03 - 18.02.2013 324,730 210,754 5.250% Investor 98 - 30.06.2008 222,609 52,688 4.500% Kingfisher 03 - 21.10.2010 53,534 179,141 7.250% Koninklijke KPN 01 - 12.04.2006 193,490 179,141 5.750% Koninklijke Philips Electronics 01 16.05.2008 193,033 210,754 6.750% Munich Re Finance 03 21.06.2023 234,158 221,292 6.500% National Rural Utilities 02 14.03.2007 239,980 684,950 6.125% NGG Finance 01 - 23.08.2011 754,747 379,357 5.250% NGG Finance Plc. 01 23.08.2006 397,851 168,603 6.625% North West Water Finance 00 08.11.2007 186,079 115,915 6.125% OTE 00 - 07.02.2007 124,266 526,885 5.750% Pacific Life Funding 00 31.10.2005 549,646 231,829 4.625% Pearson 99 - 08.07.2004 232,826 46,366 7.750% Pemex Project Funding Master 00 02.08.2007 51,276 63,226 6.375% Petronas Capital 02 - 22.05.2009 69,252 126,452 5.000% Pinault-Printemps-Redoute 03 23.01.2009 128,084 84,302 6.125% Polo Ralph Lauren 99 - 22.11.2006 89,642 442,583 5.750% Portugal Telecom International Finance 01 - 21.02.2006 465,332 453,121 5.750% Prudential 01 - 19.12.2021 481,237 179,141 6.250% Public and Broad Finance 99 01.11.2006 189,513 126,452 6.125% Renault 02 - 26.06.2009 138,598 115,915 6.625% Rexam 02 - 27.03.2007 125,849 1,138,071 6.050% Royal Bank of Scotland 01 23.11.2049 1,246,473 632,262 5.500% RWE Finance 02 - 26.10.2007 677,437 200,216 5.125% Saint-Gobain 99 - 09.07.2008 211,108 263,442 4.625% Sara Lee 99 - 29.07.2004 264,903 210,754 3.875% Schneider Electric 03 31.10.2008 212,229

hodnota

x EUR

%

255,696 250,596 238,332

0.36 0.36 0.34

271,000 326,001 108,269

0.39 0.46 0.15

619,891 168,751

0.89 0.24

244,290 330,309 282,948 206,665

0.35 0.47 0.40 0.29

209,837

0.30

283,665 237,109 157,523

0.40 0.34 0.22

67,330

0.10


0.67 0.32 0.19 0.68 0.26 0.20 0.56 0.63 0.85 0.27 0.75 0.06 0.23 0.58 0.58 0.22 0.20 0.32 0.53 0.18 0.22 0.47 0.46 0.32 0.08 0.28

NLG

231,829 6.000% Singapore Telecommunications 01 21.11.2011 231,829 6.375% SL Finance 02 - 12.07.2022 242,367 3.250% SLM 03 - 25.07.2008 252,905 5.875% Sodexho Alliance 02 25.03.2009 284,518 7.000% SOGERIM 01 - 20.04.2011 105,377 5.625% Sonera 00 - 14.03.2005 520,562 8.160% Standard Chartered Capital 00 23.03.2049 158,065 6.125% Swedish Match 99 - 01.10.2006 231,829 5.500% Syngenta Lux Finance 01 10.07.2006 316,131 5.200% TDC 01 - 28.01.2010 231,829 7.750% Telecom Italia 03 - 24.01.2033 210,754 5.375% Telecom Italia 04 - 29.01.2019 200,216 6.125% Telefonica Europe 00 21.09.2005 273,980 5.125% Telefonica Europe 03 14.02.2013 210,754 6.375% Telstra 01 - 29.06.2011 147,528 5.250% Tesco 02 - 07.05.2008 63,226 6.625% TPSA Eurofinance 01 01.03.2006 316,131 4.250% Travelers Ins. Co. Instit Fund 99 16.06.2006 63,226 5.000% Vattenfall Treasury 03 18.06.2018 284,518 5.875% Veolia Environnement 27.06.2008 210,754 6.625% VNU 00 - 30.05.2007 368,819 5.750% Vodafone 99 - 27.10.2006 484,734 5.125% Wolters Kluwer 98 - 16.12.2005 231,829 6.000% WPP 01 - 18.06.2008

325,141 0.46 62,436

0.09

307,962 229,711 392,829 226,419 250,978

0.44 0.33 0.56 0.32 0.36

22,510,472 32.04 0.27 DLUHOPISY CELKEM

0.33 0.34 1.08

66,964,547 95.31

Finanční instituce 843,016 Unicredito 00 - 29.10.2049 421,508 SNS Bank 00 - 21.06.2010

0.57 0.26 0.18

DLUHOPISY S POHYBL. ÚROK. SAZBOU CELKEM INVESTICE

0.78 0.33

LIKVIDNÍ AKTIVA

0.07 0.10

0.66 0.68 0.27 0.20 0.18 1.77 0.96 0.30 0.38 0.30

35

1.44 0.60

1,435,244

2.04

1,435,244

2.04



0.18 0.13

1,012,556 422,689

1,862,005

2.65

70,261,793 100.00

Výkaz investic -

Výkaz investic – Europe Bond Fund 30-04-2004

Euro Government Bond Fund 30-04-2004 nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo jinak obchodované na jiném regulovaném trhu

x1


hodnota

x EUR

%

x 1,000

OBLIGACE ITL

x EUR 1,000

%

OBLIGACE

Vládní 188,172 940,858,784 329,301 1,129,031 940,859 1,223,116 282,258 1,411,288 1,364,245 940,859 940,859 1,411,288 940,859 282,258 376,344 564,515 564,515 2,069,889 235,215 1,081,988 235,215 1,411,288 282,258 1,223,116 1,411,288 1,072,579 188,172 470,429 1,881,718 1,223,116 470,429 1,034,945

hodnota

Britská libra 4.650% 8.500% 6.250% 4.000% 5.000% 5.750% 5.750% 5.000% 4.500% 5.000% 5.750% 3.500% 4.000% 6.250% 5.250% 4.500% 6.000% 6.000% 6.500% 6.000% 5.250% 6.000% 6.000% 5.500% 3.000% 4.250% 7.500% 6.000% 5.750% 5.250% 5.400% 5.750%

Austria 03 - 15.01.2018 Austria 94 - 15.10.2004 Austria 97 - 15.07.2027 Austria 99 - 15.07.2009 Belgium 02 - 28.09.2012 Belgium 97 - 28.03.2008 Finland 00 - 23.02.2011 France 00 - 12.01.2006 France 00 - 12.07.2006 France 00 - 25.10.2011 France 00 - 25.10.2032 France 03 - 12.01.2008 France 98 - 25.04.2009 Germany 00 - 04.01.2030 Germany 00 - 04.07.2010 Germany 03 - 04.01.2013 Germany 96 - 05.01.2006 Germany 97 - 04.07.2007 Germany 98 - 04.07.2027 Greece 00 - 19.05.2010 Greece 02 - 18.05.2012 Italy 97 - 01.11.2007 Italy 99 - 01.05.2031 Italy 99 - 01.11.2010 Netherlands 03 - 15.07.2006 Netherlands 03 - 15.07.2013 Netherlands 93 - 15.01.2023 Netherlands 96 - 15.01.2006 Netherlands 97 - 15.02.2007 Netherlands 98 - 15.07.2008 Spain 01 - 30.07.2011 Spain 01 - 30.07.2032

190,232 499,227 391,374 1,154,490 999,380 1,336,316 314,407 1,470,774 1,418,474 1,005,214 1,056,820 1,429,917 963,486 337,016 408,201 580,830 597,398 2,258,043 288,938 1,209,716 252,538 1,546,560 320,983 1,339,679 1,422,790 1,077,781 251,943 498,091 2,027,457 1,318,091 514,485 1,161,363

0.62 1.63 1.28 3.76 3.25 4.36 1.03 4.80 4.63 3.28 3.45 4.67 3.14 1.10 1.33 1.90 1.95 7.37 0.94 3.95 0.82 5.05 1.05 4.37 4.64 3.52 0.82 1.63 6.62 4.30 1.68 3.79

1,430 7.625% Andina de Fomento 02 06.12.2010 3,500 5.500% Cit Group 03 - 15.12.2008 5,000 8.750% Glaxosmithkline 95 - 01.12.2005 6,100 6.950% Lehman Brothers 99 - 22.06.2004 6,560 5.000% United Kingdom 02 - 07.03.2008 6,360 6.000% United Kingdom 98 - 07.12.2028 3,660 5.000% United Kingdom 01 - 07.03.2012

LIKVIDNÍ AKTIVA (včetně narůstajícího úroku) CELKOVÁ ČISTÁ AKTIVA

Dánská koruna 20,800 12,600 100,000 104,470

6.000% 7.000% 7.000% 5.000%

Denmark 99 - 15.11.2011 Denmark 93 - 15.12.2004 Denmark 95 - 15.11.2007 Denmark 02 - 15.11.2013

3,140 1,742 15,136 14,691

0.65 0.36 3.11 3.02

34,709

7.14

1,275 16,233 6,263 5,292 3,053 2,276 2,838 14,760 45,328 14,447 5,669 4,859 2,551 6,518 20,825 5,312 48,497 850 3,373 5,135

0.26 3.34 1.29 1.09 0.63 0.47 0.58 3.04 9.32 2.97 1.17 1.00 0.52 1.34 4.28 1.09 9.97 0.17 0.69 1.06

2,697 3,547 4,439

0.55 0.73 0.91

1,012 15,369 6,164 4,703 2,447 2,382

0.21 3.16 1.27 0.97 0.50 0.49

Euro 1,250 4.450% Australia & New Zealand Banking Group 03 - 05.02.2015 15,000 5.250% Austria 01 - 04.01.2011 6,000 4.750% BP Amoco 02 - 02.10.2006 5,000 6.375% British Telecom 01 - 15.02.2006 2,910 5.250% Coca-Cola 01 - 27.06.2006 2,100 6.250% Croatia 02 - 11.02.2009 2,650 5.750% Deutsche Telekom 03 - 12.02.2008 14,925 4.000% France 02 - 25.04.2013 42,230 5.500% France 96 - 25.04.2007 12,100 6.250% Germany 00 - 04.01.2030 5,220 5.500% Germany 00 - 04.01.2031 4,480 5.250% Germany 00 - 04.07.2010 2,480 5.000% Germany 00 - 20.05.2005 6,100 5.000% Germany 01 - 04.07.2011 20,240 4.500% Germany 03 - 04.01.2013 4,950 5.250% Germany 98 - 04.01.2008 44,010 5.625% Germany 98 - 04.01.2028 810 4.500% Germany 99 - 04.07.2009 3,000 6.300% Greece 99 - 29.01.2009 5,000 5.375% IBM 00 - 31.03.2005 2,500 6.250% Imperial Tobacco Finance 02 06.06.2007 3,330 5.000% Ireland 02 - 18.04.2013 4,130 6.125% Pearson 00 - 01.02.2007 1,000 4.875% Royal Bank of Scotland 03 22.04.2015 14,000 5.500% Spain 02 - 30.07.2017 5,720 5.150% Spain 98 - 30.07.2009 4,500 5.750% Total 29.09.2005 2,200 6.750% VNU 01 - 29.10.2008 2,200 6.000% WPP 01 - 18.06.2008

29,642,014 96.73 1,002,876

0.47 1.06 1.61 1.86 2.01 2.25 1.12

50,455 10.38

29,642,014 96.73 INVESTICE

2,283 5,170 7,814 9,050 9,768 10,943 5,427

3.27

30,644,890 100.00

258,114 53.07

Polský zlotý 99,530 5.750% Poland 02 - 24.06.2008

19,473

4.00

19,473

4.00

Švédská koruna 55,000 8.000% Sweden 95 - 15.08.2007

6,850 1.41 6,850 1.41

OBLIGACE CELKEM

36

369,601 76.00

Výkaz investic – Europe Bond Fund 30-04-2004

Výkaz investic – Global Bond Fund 30-04-2004


x 1,000

hodnota

%

x EUR 1,000



x 1,000

hodnota

x USD 1,000

%

OBLIGACE

Britská libra

Britská libra

1,500 Standard Life Funding 00 - 10.02.2005

2,216

0.46

2,216

0.46

11,766

2.42

5,000 1,107

1.03 0.23

17,873

3.68

230 7.625% Andina de Fomento 02 06.12.2010 720 5.500% Fortis 03 - 17.11.2008 570 4.875% Network Rail Maintenance Finance 04 - 06.03.2009 770 6.000% United Kingdom 98 - 07.12.2028 190 5.000% United Kingdom 01 - 07.03.2012

Euro 11,700 Chester Asset Receivables Dealings 01 15.11.2010 5,000 Caisse Cent Credit Immobilien 00 22.03.2005 1,100 Morgan Stanley 04 - 29.05.2008

Kanadský dolar 2,330 6.000% Canada 00 - 01.06.2011

440 1,281

0.42 1.23

995 1,588 338

0.96 1.53 0.33

4,642

4.47

1,862 1.79 1,862 1.79

Dánská koruna OBLIGACE S PROMĚNL. ÚROK. SAZBOU CELKEM

20,089

PODÍLOVÉ FONDY 20,741

4.27

20,741

4.27

Euro 6 ABN AMRO Global Liquidity Fund

6 0.00 6 0.00

PODÍLOVÉ FONDY CELKEM INVESTICE LIKVIDNÍ AKTIVA (včetně narůstajícího úroku) CELKOVÁ ČISTÁ AKTIVA

498 3,095

0.48 2.98

3,593

3.46

1,189

1.15

1,074

1.03

367 1,214 1,078 1,235 1,887 770 1,410 1,028 2,457 231 1,220 8,770

0.35 1.17 1.04 1.19 1.82 0.74 1.36 0.99 2.37 0.22 1.18 8.42

493

0.47

517 528 593 696 434 533 519

0.50 0.51 0.57 0.67 0.42 0.51 0.50

Euro

Britská libra 14,009 ABN AMRO Global Liquidity Fund

2,750 6.000% Denmark 99 - 15.11.2011 18,360 5.000% Denmark 02 - 15.11.2013

4.14

20,747

4.27

410,437 84.41 75,807 15.59 486,244 100.00

992 4.750% Andina de Fomento 99 06.05.2004 900 3.625% Anglo American Capital 03 05.06.2008 300 4.450% Australia & New Zealand Banking Group 03 - 05.02.2015 970 4.750% BP Amoco 02 - 02.10.2006 850 6.375% British Telecom 01 - 15.02.2006 1,000 5.500% CIT Group 01 - 16.05.2005 1,500 5.250% Coca-Cola 01 - 27.06.2006 600 5.750% Deutsche Telekom 03 - 12.02.2008 985 6.250% Germany 00 - 04.01.2030 790 5.500% Germany 00 - 04.01.2031 1,890 5.250% Germany 00 - 04.07.2010 180 5.000% Germany 01 - 04.07.2011 980 4.250% Germany 02 - 15.02.2008 7,110 4.500% Germany 03 - 04.01.2013 400 5.875% Hutchison Whampoa 03 08.07.2013 400 6.250% Imperial Tobacco Finance 02 06.06.2007 400 6.125% NGG Finance 01 - 23.08.2011 460 6.125% Pearson 00 - 01.02.2007 550 5.125% Rio Tinto 02 - 10.05.2007 330 6.575% Telecom Italia 99 - 30.07.2009 400 6.750% VNU 01 - 29.10.2008 400 6.000% WPP 01 - 18.06.2008

28,243 27.18

Japonský yen 48,000 1.200% AIG Sun 01 - 20.03.2008 174,000 1.000% Bayerische Landesbank 03 20.09.2010 75,000 2.150% Croatia 02 - 26.06.2008 230,000 1.550% Japan Finance 02 - 21.02.2012 240,000 0.650% Landwirtschafliche Rentenbank 03 30.09.2008 300,000 1.600% Pfandbrief Ost Land Hypotheek 01 15.02.2011 217,000 0.700% Tesco 01 - 20.09.2006

445

0.43

1,571 698 2,126

1.51 0.67 2.05

2,171

2.09

2,809 1,983

2.71 1.91

11,803

11.37

Polský zloty 16,370 5.750% Poland 02 - 24.06.2008

3,839

3.70

3,839

3.70

Výkaz investic -

Výkaz investic – Global Bond Fund 30-04-2004

Global Emerging Markets Bond Fund (Euro) 30-04-2004


x 1,000


hodnota

x USD 1,000

%

x1

OBLIGACE CELKEM

x EUR

%

OBLIGACE

US dolar 1,070 5.500% Countrywide Home Loan 02 01.02.2007 1,000 4.500% FNCI (TBA) - 01.05.2019 1,400 5.000% FNCI (TBA) - 01.05.2019 2,000 5.500% FNCI (TBA) - 01.05.2019 3,600 5.500% FNCL (TBA) - 01.05.2034 3,500 6.000% FNCL (TBA) - 02.05.2034 2,500 6.500% FNCL (TBA) - 02.05.2034 1,000 6.000% General Electric Capital 02 15.06.2012 890 5.000% General Electric Capital 02 15.06.2007 600 5.500% GNSF (TBA) - 01.05.2034 1,000 6.000% GNSF (TBA) - 01.05.2034 530 5.450% Hutchison Wampoa 03 - 24.11.2010 1,300 4.250% Kredit Für Wiederaufbau 02 20.12.2006 880 11.375% Mexico 96 - 15.09.2016 900 5.200% Monumental Global Funding 02 30.01.2007 1,810 4.750% Morgan Stanley 04 - 01.04.2014 250 7.750% Petroliam Nasional 95 - 15.08.2015 450 9.750% Qatar 00 - 15.06.2030 600 6.125% Reed Elsevier 01 - 01.08.2006 125 5.000% Russia 00 - 31.03.2030 250 2.625% US Treasury Notes 04 - 15.03.2009 161 3.000% US Treasury Notes 03 - 15.02.2008 500 3.250% US Treasury Notes 02 - 15.08.2007 4,310 4.000% US Treasury Notes 04 -15.02.2014 110 5.000% US Treasury Notes 01 - 15.08.2011 2,300 5.250% US Treasury Notes 99 - 15.02.2029 540 5.625% US Treasury Notes 98 - 15.05.2008 920 7.250% US Treasury Notes 92 - 15.08.2022 830 7.750% Telefonica Europe 00 - 15.09.2010 2,500 4.875% Toyota Motor 02 - 20.06.2007 1,100 5.000% Unilever 02 - 21.12.2007

hodnota

1,129 984 1,408 2,052 3,589 3,577 2,601

1.09 0.95 1.36 1.98 3.46 3.45 2.51

1,066

1.03

933 600 1,024 524

0.90 0.58 0.99 0.50

1,341 1,233

1.29 1.19

946 1,690 289 612 634 115 239 160 504 4,142 116 2,263 587 1,132 963 2,611 1,148

0.91 1.63 0.28 0.59 0.61 0.11 0.23 0.15 0.49 3.99 0.11 2.18 0.57 1.09 0.93 2.50 1.11

Vládní USD 8,557,317 7.000% Argentina 01 - 19.12.2008 USD 8,946,286 11.375% Argentina 97 - 30.01.2017 USD 8,038,691 8.000% Brazil 94 - 15.04.2014 USD 1,296,563 8.125% Colombia 04 - 21.05.2024 USD 3,111,752 7.000% Ecuador 00 - 15.08.2030 USD 1,296,563 8.625% Gazprom 04 - 28.04.2034 USD 518,625 2.000% Ivory Coast 98 - 29.03.2018* USD 6,552,830 2.000% Ivory Coast 98 - 29.03.2018* ITL 3,760,032,990 7.375% Mexico 98 - 08.04.2013 USD 259,313 9.125% Peru 02 - 21.02.2012 USD 20,745 9.125% Peru 02 - 21.02.2012 USD 43,558,038 10.625% Philippines 00 - 16.03.2025 259,313 9.125% Philippines 03 - 22.02.2010 PLN 41,930,852 5.750% Poland 02 - 24.06.2008 USD 907,594 10.000% Province Of Mendoza 97 04.09.2007 USD 43,616,384 11.875% Turkey 00 - 15.01.2030 USD 1,037,251 11.000% Turkey 03 - 14.01.2013 USD 79,747 7.875% Uruguay 03 - 15.01.2033 USD 330,624 7.500% Uruguay 03 - 15.03.2015 259,313 11.000% Venezuela 01 - 05.03.2008 USD 3,889,689 7.000% Venezuela 03 - 01.12.2018 USD 3,371,064 5.375% Venezuela 03 - 07.08.2010 USD 9,464,911 9.375% Venezuela 04 - 13.01.2034 USD 71,674,008 10.750% Venezuela 04 - 19.09.2013

2,248,544 0.95 2,500,005 1.06 7,213,571 3.05 927,268 0.39 1,833,229 0.78 1,049,753 0.44 77,569 0.03 1,014,519 0.43 2,137,014 0.90 229,516 0.10 18,483 0.01 39,117,938 16.54 273,219 0.12 8,203,721 3.47 586,370 0.25 47,216,518 19.96 1,006,967 0.43 43,905 0.02 213,066 0.09 267,320 0.10 2,347,344 0.99 2,177,216 0.92 6,447,319 2.73 58,442,897 24.71 185,593,271

OBLIGACE CELKEM

78.47

185,593,271 78.47

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU Vládní

40,212 38.76

USD USD USD

94,194 90.73

Různé

28,822,598 74,187 148,171

USD

PODÍLOVÉ FONDY

Argentina 93 - 31.03.2005 Venezuela 90 - 18.12.2007 Venezuela 90 - 31.03.2007

259,313

4,107,196 58,249 116,119

1.74 0.02 0.05

4,281,564

1.81

Applied Global Finance 9717.04.2002

0 0.00

Britská libra

0 0.00 12 ABN AMRO Global Liquidity Fund

22

0.02

22

0.02

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU CELKEM

0

0.00

0

0.00

AKCIE

Euro 0 ABN AMRO Global Liquidity Fund

PLN

US dolar 0 ABN AMRO Global Liquidity Fund

PODÍLOVÉ FONDY CELKEM

0

0.00

0

0.00

22

4,281,564 364,548

INVESTICE

0.02

LIKVIDNÍ AKTIVA

7

INVESTMENTS


190,174,507

0.01

16

0.02

23

0.03

23

0.03

* tyto obligace jsou v prodlení

94,239 90.78 9,569

9.22 103,808 100.00

38

299,672

0.13

299,672

0.13

299,672

0.13

80.41

(včetně narůstajícího úroku) 46,333,308 19.59


OPCE CELKEM

LIKVIDNÍ AKTIVA (včetně narůstajícího úroku)

Netia Holding -H-

AKCIE CELKEM

OPCE 3,000,000 Japan 10 Year Future Put Option Strike 136.00 June 2004 33,000 US 10 Year Future Put Option Strike 106.00 September 2004

1.81

236,507,815 100.00

Výkaz investic -

Výkaz investic -

Global Emerging Markets Bond Fund (USD) 30-04-2004

High Yield Bond Fund (Euro) 30-04-2004


x1


hodnota

%

x USD

x1

OBLIGACE

%

1,701,654 2,198,821

0.71 0.92

1,737,964 2,228,009 1,827,940 2,166,812 1,251,343 1,114,218 856,684 1,687,527

0.73 0.93 0.76 0.91 0.52 0.47 0.36 0.71

1,717,727 1,556,687 1,079,952 1,528,142 828,936 3,101,213 659,646

0.72 0.65 0.45 0.64 0.35 1.30 0.28

2,592,278 1,262,026 1,565,016

1.08 0.53 0.65

1,609,303 1,399,559 1,632,819 998,666 2,315,884 1,214,216 2,164,768 1,382,338 2,283,427

0.67 0.59 0.68 0.42 0.97 0.51 0.91 0.58 0.95

Euro

24,442,683 25,553,714 22,961,309 3,703,437 8,888,248 3,703,437 1,481,375 18,717,170 ITL 10,739,966,906 59,255 740,687 124,416,961 EUR 740,687 PLN 119,769,148 2,592,406

7.000% 11.375% 8.000% 8.125% 7.000% 8.625% 2.000% 2.000% 7.375% 9.125% 9.125% 10.625% 9.125% 5.750% 10.000%

124,583,616 2,962,749 227,787 944,376 740,687 11,110,311 9,628,936 27,035,089 204,725,990

11.875% 11.000% 7.875% 7.500% 11.000% 7.000% 5.375% 9.375% 10.750%

Argentina 01 - 19.12.2008 7,699,445 0.96 Argentina 97 - 30.01.2017 8,560,494 1.07 Brazil 94 - 15.04.2014 24,700,646 3.09 Colombia 04 - 21.05.2024 3,175,142 0.40 Ecuador 00 - 15.08.2030 6,277,325 0.78 Gazprom 04 - 28.04.2034 3,594,556 0.45 Ivory Coast 98 - 29.03.2018* 265,610 0.03 Ivory Coast 98 - 29.03.2018* 3,473,907 0.43 Mexico 98 - 08.04.2013 7,317,543 0.91 Peru 02 - 21.02.2012 63,290 0.01 Peru 02 - 21.02.2012 785,906 0.10 Philippines 00 - 16.03.2025 133,947,301 16.74 Philippines 03 - 22.02.2010 935,556 0.12 Poland 02 - 24.06.2008 28,091,109 3.51 Province Of Mendoza 97 04.09.2007 2,007,844 0.25 Turkey 00 - 15.01.2030 161,678,388 20.20 Turkey 03 - 14.01.2013 3,448,048 0.43 Uruguay 03 - 15.01.2033 150,339 0.02 Uruguay 03 - 15.03.2015 729,578 0.09 Venezuela 01 - 05.03.2008 915,356 0.11 Venezuela 03 - 01.12.2018 8,037,754 1.00 Venezuela 03 - 07.08.2010 7,455,204 0.93 Venezuela 04 - 13.01.2034 22,076,854 2.76 Venezuela 04 - 19.09.2013 200,119,655 25.02

1,705,534 6.875% AGCO 04 - 15.04.2014 1,938,107 10.000% Antargaz Finance 02 - 15.07.2011 1,744,296 9.375% Cable Com Luxembourg 04 15.04.2014 1,938,107 10.750% Carmeuse Lime 02 - 15.07.2012 1,705,534 11.750% CHC Helicopter 00 - 15.07.2007 1,938,107 10.250% Crown Euro Holdings 03 - 01.03.2011 1,162,864 8.250% Eircom Funding 03 - 15.08.2013 1,162,864 9.250% Focus Wickes Finance 03 - 28.07.2011 775,243 7.750% Fresenius Finance 03 - 30.04.2009 1,550,485 7.375% Fresenius Medical 01 - 15.06.2011 1,550,485 7.375% Heidelbergcement Finance 03 15.07.2010 1,550,485 10.125% Huntsman 02 - 01.07.2009 969,053 10.500% Ineos Group 02 - 01.08.2010 1,356,675 10.125% JSG Fund regd. MTN 03 - 01.10.2012 775,243 8.500% Kamps 02 - 15.02.2009 2,907,160 10.625% Kappa Beheer 00 - 15.07.2009 581,432 8.750% Kaufman and Broad 02 - 01.08.2009 2,248,204 7.375% Koninklijke Vendex KBB 03 15.11.2010 1,162,864 8.875% Kronos 02 - 30.06.2009 1,550,485 8.375% Kvaerner 04 - 15.06.2011 1,550,485 8.250% MTU Aero Engines Invest 04 01.04.2014 1,356,675 7.750% Nalco 03 - 15.11.2011 1,356,675 11.250% Prosieben Sat 1 Media 02 - 31.07.2009 969,053 6.500% Remy Cointreau 03 - 01.07.2010 2,248,204 9.000% Sanitec 02 - 15.05.2012 1,007,816 11.750% TRW Automotive 03 - 15.02.2013 1,938,107 10.625% United Biscuits Finance 01 - 15.04.2011 1,240,388 10.625% United Biscuits Finance 03 - 15.04.2011 2,131,917 7.250% Valentia Telecom 03 - 15.08.2013

635,506,850 79.41 OBLIGACE CELKEM

635,506,850 79.41

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU Vládní 82,327,401 211,904 423,229

Argentina 93 - 31.03.2005 Venezuela 90 - 18.12.2007 Venezuela 90 - 31.03.2007

14,063,825 199,455 397,614

1.76 0.02 0.05

14,660,894

1.83

0

0.00

14,660,894

1.83

US dolar

740,687

Applied Global Finance 97 17.04.2002 0

OBLIGACE S PROMĚNL. ÚROK. SAZBOU CELKEM

0.00

AKCIE 1,041,276

Netia Holding -H-

AKCIE CELKEM INVESTICE LIKVIDNÍ AKTIVA (včetně narůstajícího úroku) CELKOVÁ ČISTÁ AKTIVA

1,026,133

0.13

1,026,133

0.13

1,026,133

0.13

651,193,877 149,115,924

47,663,575 19.95

3,411,068 8.550% Abitibi-Consolidated 00 - 01.08.2010 3,103,042 1,472,961 6.750% Ainsworth Lumber 04 - 15.03.2014 1,221,299 581,432 7.875% Allied Waste North America 03 15.04.2013 523,484 238,775 11.000% Almosa Delaware 03 - 31.07.2010 216,977 1,116,350 9.500% Amc Entertainment 99 - 01.02.2011 977,039 276,269 9.000% Amerco 04 - 15.03.2009 241,793 342,220 12.000% Amerco 04 - 15.03.2011 295,932 581,432 11.750% American Greetings 01 - 15.07.2008 569,744 2,790,874 6.750% Arch Western Finance 03 - 01.07.2013 2,407,537 2,403,252 9.000% Beaver Valley Fundgroup 92 01.06.2017 2,292,388 1,356,675 7.500% BIO-RAD Laboratories 03 - 15.08.2013 1,227,143 2,093,155 10.250% Bluewater Finance 02 - 15.02.2012 1,814,418 3,062,209 8.000% Building Materials 97 - 20.10.2007 2,558,251 2,364,490 9.375% Caesars Entertainment 00 - 15.02.2007 2,205,470 775,243 7.250% Cascades 03 - 15.02.2013 676,876 1,162,864 9.750% CB Richard Ellis Service 03 15.05.2010 1,085,924 1,143,483 10.750% Chartered Communications 01 01.10.2009 840,374 1,434,199 10.250% Chartered Communications 03 15.09.2010 1,237,206 775,243 8.000% Chartered Communications 04 30.04.2012 639,542 1,472,961 7.375% CHC Helicopter 04 - 01.05.2014 1,249,056 1,162,864 8.125% Chesapeake Energy 01 - 01.04.2011 1,066,445 1,744,296 7.500% Chesapeake Energy 03 - 15.09.2013 1,577,755 1,589,248 9.250% Citizens Communications 01 15.05.2011 1,402,625 1,356,675 9.500% Coast Hotels & Casino 99 - 01.04.2009 1,194,476 775,243 8.000% Constellation Brands 01 - 15.02.2008 714,210

Různé

PLN

x EUR

OBLIGACE

Vládní

EUR

hodnota

81.37

18.63

800,309,801 100.00

* tyto obligace jsou v prodlení

39

1.30 0.51 0.22 0.09 0.41 0.10 0.12 0.24 1.01 0.96 0.51 0.76 1.07 0.92 0.28 0.45 0.35 0.52 0.27 0.52 0.45 0.66 0.59 0.50 0.30

Výkaz investic -

Výkaz investic -




x1


hodnota

x EUR

%

x1

US dolar (pokračování) 852,767 8.125% Constellation Brands 02 - 15.01.2012 3,294,782 8.000% Continental Airlines 98 - 15.12.2005 2,597,063 7.500% Couche-Tard US/Finance 03 15.12.2013 1,783,058 8.125% Coventry Health Care 02 - 15.02.2012 1,162,864 9.500% Crown Euro 03 - 01.03.2011 775,243 10.500% CSC 96 - 15.05.2016 2,170,680 7.250% CSC 98 - 15.07.2008 775,243 6.875% D.R. Horton 03 - 01.05.2013 1,046,578 10.125% Dana 02 - 15.03.2010 1,162,864 8.125% Delhaize America 01 - 15.04.2011 2,170,680 12.125% Dex Media East 02 - 15.11.2012 1,744,296 8.375% Direct Holdings Finance 03 15.03.2013 2,093,155 10.125% Dynegy 03 - 15.07.2013 542,670 7.750% El Paso 02 - 15.01.2032 1,356,675 8.875% Ethyl 03 - 01.05.2010 1,162,864 8.750% Ferrellgas Partners 02 - 15.06.2012 1,279,150 10.250% FMC 02 - 01.11.2009 969,053 7.750% FMC 96 - 01.07.2011 1,589,248 12.000% Four M 96 - 01.06.2006 1,899,345 7.875% Fresenius Medical 98 - 01.02.2008 1,550,485 8.125% Georgia-Pacific 01 - 15.05.2011 2,713,349 9.625% Grant Prideco 01 - 01.12.2007 1,744,296 8.875% Greif 02 - 01.08.2012 1,240,388 10.375% Hanger Orthopedic 02 - 15.02.2009 1,343,108 8.137% Homer City Funding 01 - 01.10.2019 1,744,296 8.625% Horseshoe Gambling 99 - 15.05.2009 1,279,150 9.875% Houghton Mifflin 03 - 01.02.2013 2,131,917 13.000% Iasis Healthcare 00 - 15.10.2009 2,907,160 11.500% Illinova 03 - 15.12.2010 2,519,539 8.750% Ipsco 03 - 01.06.2013 736,481 8.625% Iron Mountain 03 - 01.04.2013 969,053 8.750% Joy Global 02 - 15.03.2012 1,744,296 8.875% K. Hovnanian Enterprises 02 01.04.2012 581,432 7.750% K. Hovnanian Enterprises 03 15.05.2013 969,053 6.375% Key Energy Services 03 - 01.05.2013 2,849,017 9.875% Koppers Industry 03 - 15.10.2013 4,457,646 7.625% L-3 Communications 02 - 15.06.2012 387,621 7.250% Lamar Media 02 - 01.01.2013 581,432 9.625% Lyondell Chemical 99 - 01.05.2007 2,713,349 11.000% Matria Healthcare 01 - 01.05.2008 1,162,864 9.625% MDP Acquisitions 03 - 01.10.2012 2,752,112 9.750% Meritage 01 - 01.06.2011 879,900 8.750% Methanex 02 - 15.08.2012 3,411,068 9.750% MGM Mirage 00 - 01.06.2007 1,240,388 9.250% Michaels Stores 01 - 01.07.2009 1,201,626 8.500% MSW Energy 03 - 01.09.2010 193,811 7.750% Nalco 03 - 15.11.2011 775,243 6.875% Neighborcare 03 - 15.11.2013 2,558,301 10.875% Nevada Power 03 - 15.10.2009 1,938,107 5.250% Nextel Communications 00 15.01.2010 1,550,485 9.500% Nextel Communications 01 01.02.2011 2,093,155 6.125% Nortel Networks 01 - 15.02.2006 2,170,680 8.000% NRG Energy 03 - 15.12.2013 1,550,485 6.125% Offshore Logistic 03 - 15.06.2013 2,325,728 8.750% Owens-Brockway 02 - 15.11.2012 1,354,349 10.750% Pacificare Health System 02 01.06.2009 1,938,107 8.500% Panamsat 02 - 01.02.2012 1,162,864 6.375% Panamsat 98 - 15.01.2008 1,472,961 8.875% Perkinelmer 02 - 15.01.2013 2,597,063 10.000% Petroleum Geo-Services 03 - 05.11.2010 1,550,485 9.375% Petroleum Helicopters 02 - 01.05.2009 2,403,252 6.875% PG & E 03 - 15.07.2008

hodnota

x EUR

%

499,135 817,121 1,814,418 2,956,829 4,134,592

0.21 0.34 0.76 1.24 1.73

1,266,911 1,622,555

0.53 0.68

1,313,822

0.55

2,782,091 1,220,650 1,937,294 361,534 693,090 128,233

1.16 0.51 0.81 0.15 0.29 0.05

1,552,189 1,073,547 2,008,878 1,428,420 2,428,719 1,347,260 1,809,873 2,334,492 2,098,803

0.65 0.45 0.84 0.60 1.01 0.55 0.75 0.97 0.87

596,010 1,439,782 1,041,853

0.24 0.59 0.43

875,353 1,232,824 517,396 367,656 629,803 1,032,358 758,037 338,844 1,176,498

0.37 0.52 0.22 0.15 0.26 0.43 0.32 0.14 0.49

740,993 728,818 714,210 762,906 916,585

0.31 0.30 0.30 0.32 0.38

US dolar (pokračování) 778,488 2,621,475

0.33 1.10

2,283,849 1,680,017 1,092,011 746,674 1,895,254 678,499 1,003,627 1,086,197 2,108,867

0.96 0.70 0.46 0.31 0.79 0.28 0.42 0.45 0.88

1,632,538 1,928,367 354,508 1,227,143 1,066,445 1,264,152 872,473 1,354,320 1,727,942 1,464,131 2,533,822 1,606,972 1,158,319 1,234,557 1,526,624 1,057,923 1,977,469 2,885,246 2,363,385 659,995 908,994

0.68 0.81 0.15 0.51 0.45 0.53 0.36 0.57 0.72 0.61 1.06 0.67 0.48 0.52 0.64 0.44 0.83 1.21 0.99 0.28 0.38

1,588,712

0.66

500,353 799,428 2,612,791 4,022,707 348,989 517,396 2,548,025 1,095,663 2,578,663 843,791 3,228,229 1,141,437 1,091,930 170,843 662,268 2,453,311

0.21 0.33 1.09 1.68 0.15 0.22 1.07 0.46 1.08 0.35 1.35 0.48 0.46 0.07 0.28 1.03

1,643,494

0.69

1,483,609 1,743,945 1,831,624 1,233,635 2,128,021

0.62 0.73 0.77 0.52 0.89

1,318,618 1,834,221 1,003,142 1,406,344 2,381,728 1,376,477 2,153,668

0.55 0.77 0.42 0.59 1.00 0.58 0.90

581,432 930,291 2,093,155 3,411,068 4,139,796 1,356,675

9.250% 8.250% 6.750% 10.000% 14.000% 11.500%

1,628,010 10.875% 1,472,961 9.750% 3,217,257 7.875% 1,550,485 2,131,917 460,449 814,005 155,049 1,744,296

6.375% 8.875% 8.500% 7.250% 6.250% 8.000%

1,259,769 2,170,680 1,550,485 2,907,160 1,550,485 1,938,107 2,732,731 2,325,728 620,194

8.875% 8.875% 8.500% 6.250% 7.750% 9.750% 8.500% 8.000% 8.750%

1,550,485 8.750% 1,279,150 6.500% 1,027,197 11.625% 1,356,675 581,432 387,621 775,243 1,162,864 775,243 387,621 1,240,388 852,767

8.125% 6.875% 8.250% 6.500% 7.875% 9.250% 6.250% 8.375% 6.875%

775,243 775,243 969,053 933,392

8.250% 8.625% 7.500% 10.750%

Pinnacle 99 - 15.02.2007 Pinnacle Foods 03 - 01.12.2013 Premcor Refining 04 - 01.02.2011 Quintiles Transnational 03 - 01.10.2013 Qwest Services 02 - 15.12.2014 Resort International Hotel/Casino 02 - 15.03.2009 RH Donnelley Finance 03 - 15.12.2012 River Rock Entertainment 03 01.11.2011 Riverside Forest Product 04 01.03.2014 Rogers Wireless 04 - 01.03.2014 Roundy’s 02 - 15.06.2012 SAC 04 - 15.03.2014 Seneca Gaming 04 - 01.05.2012 Sierra Pacific Power 04 - 15.04.2012 Sinclair Broadcast Group 02 15.03.2012 Six Flags 02 - 01.02.2010 Southern Natural Gas 03 - 15.03.2010 Southern Star 03 - 01.08.2010 SPX 03 - 15.06.2011 Standard Pacific 03 - 15.03.2013 Stone Container 01 - 01.02.2011 Tembec Industries 01 - 01.02.2011 Tesoro Petroleum 03 - 15.04.2008 The Healthcare Company 00 01.09.2010 Triad Hospitals 01 - 01.05.2009 Trinity Industries 04 - 15.03.2014 Trump Holdings & Funding 03 15.03.2010 Unisys 01 - 01.06.2006 Unisys 03 - 15.03.2010 United Agri Products 03 - 15.12.2011 United Rentals 04 - 15.02.2012 Vintage Petroleum 01 - 15.05.2011 Vivendi Universal 03 - 15.04.2010 Vivendi Universal 03 - 15.07.2008 Western Oil Sands 02 - 01.05.2012 Westinghouse Air Brake T 03 31.07.2013 Westport Resources 02 - 01.11.2011 Williams Cos 03 - 01.06.2010 Williams Cos 01 - 15.01.2031 Yell Finance 01 - 01.08.2011


225,026,308 94.10

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU US dolar 969,053 2,325,728

Cablevision Systems 04 - 01.04.2009 Pharma Intermediate 18.03.2004 01.04.2014

OBLIGACE S PROMĚNL. ÚROK. SAZBOU CELKEM INVESTICE LIKVIDNÍ AKTIVA

0.35

1,119,001

0.47

1,959,009

0.82

1,959,009

0.82



40

840,008

12,145,650 5.08 239,130,967 100.00

Výkaz investic -

Výkaz investic -

High Yield Bond Fund (USD) 30-04-2004

High Yield Bond Fund (USD) 30-04-2004

Nominál, není-li určeno jinak


x1

Nominál, není-li určeno jinak

hodnota

x USD

%

x1

OBLIGACE 6.875% 10.000% 9.375% 10.750% 11.750% 10.250% 8.250% 9.250% 7.750% 7.375% 7.375%

449,515 280,947 393,325 224,757 842,840 168,568 651,796

10.125% 10.500% 10.125% 8.500% 10.625% 8.750% 7.375%

337,136 8.875% 449,515 8.375% 449,515 8.250% 393,325 393,325 280,947 651,796 292,184 561,893 359,612 618,083

7.750% 11.250% 6.500% 9.000% 11.750% 10.625% 10.625% 7.250%

hodnota

x USD

%

793,762 583,897 379,533 259,510 658,704 235,815 348,815 377,512 732,946 567,396 670,212 123,211 426,499 370,648 439,361 303,232 470,700 600,554 508,865 880,641 558,510 402,579 429,076 530,585 367,686 687,278 1,002,780 821,405 229,384 315,925

0.93 0.69 0.45 0.30 0.77 0.28 0.41 0.44 0.86 0.67 0.79 0.14 0.50 0.44 0.52 0.36 0.55 0.71 0.60 1.03 0.66 0.47 0.50 0.62 0.43 0.81 1.18 0.96 0.27 0.37

552,164 173,900 277,845 908,087 1,398,110 121,293 179,823 885,577 380,802 896,226 293,263 1,121,985 396,712 379,505 59,377 230,174 852,659 571,204 515,635 606,116 636,589 428,755 739,603 458,292 637,492 348,646 488,781 827,780 478,401 748,517 173,477 283,994 630,609 1,027,659 1,436,996

0.65 0.20 0.33 1.07 1.64 0.14 0.21 1.04 0.45 1.05 0.34 1.32 0.47 0.45 0.07 0.27 1.00 0.67 0.61 0.71 0.75 0.50 0.87 0.54 0.75 0.41 0.57 0.97 0.56 0.88 0.20 0.33 0.74 1.21 1.69

440,320 563,926

0.52 0.66

US dolar (pokračování)

Euro 494,466 561,893 505,704 561,893 494,466 561,893 337,136 337,136 224,757 449,515 449,515


AGCO 04 - 15.04.2014 591,417 Antargaz Finance 02 - 15.07.2011 764,210 Cable Com Luxembourg 04 - 15.04.2014 604,037 Carmeuse Lime 02 - 15.07.2012 774,354 CHC Helicopter 00 - 15.07.2007 635,309 Crown Euro Holdings 03 - 01.03.2011 753,085 Eircom Funding 03 - 15.08.2013 434,910 Focus Wickes Finance 03 - 28.07.2011 387,252 Fresenius Finance 03 - 30.04.2009 297,744 Fresenius Medical 01 - 15.06.2011 586,507 Heidelbergcement Finance 03 15.07.2010 597,004 Huntsman 02 - 01.07.2009 541,034 Ineos Group 02 - 01.08.2010 375,342 JSG Fund regd. MTN 03 - 01.10.2012 531,112 Kamps 02 - 15.02.2009 288,100 Kappa Beheer 00 - 15.07.2009 1,077,840 Kaufman and Broad 02 - 01.08.2009 229,263 Koninklijke Vendex KBB 03 15.11.2010 900,958 Kronos 02 - 30.06.2009 438,623 Kvaerner 04 - 15.06.2011 543,928 MTU Aero Engines Invest 04 01.04.2014 559,321 Nalco 03 - 15.11.2011 486,423 Prosieben Sat 1 Media 02 - 31.07.2009 567,494 Remy Cointreau 03 - 01.07.2010 347,091 Sanitec 02 - 15.05.2012 804,896 TRW Automotive 03 - 15.02.2013 422,006 United Biscuits Finance 01 - 15.04.2011 752,375 United Biscuits Finance 03 - 15.04.2011 480,438 Valentia Telecom 03 - 15.08.2013 793,615

0.69 0.90 0.71 0.91 0.75 0.88 0.51 0.45 0.35 0.69 0.70 0.64 0.44 0.62 0.34 1.27 0.27 1.06 0.52 0.64 0.66 0.57 0.67 0.41 0.95 0.50 0.88 0.56 0.93

16,565,688 19.47

US dolar 988,932 8.550% Abitibi-Consolidated 00 - 01.08.2010 1,078,476 427,039 6.750% Ainsworth Lumber 04 - 15.03.2014 424,468 168,568 7.875% Allied Waste North America 03 15.04.2013 181,939 69,225 11.000% Almosa Delaware 03 - 31.07.2010 75,411 323,650 9.500% Amc Entertainment 99 - 01.02.2011 339,574 80,096 9.000% Amerco 04 - 15.03.2009 84,036 99,216 12.000% Amerco 04 - 15.03.2011 102,852 168,568 11.750% American Greetings 01 - 15.07.2008 198,017 809,126 6.750% Arch Western Finance 03 - 01.07.2013 836,750 696,748 9.000% Beaver Valley Fundgroup 92 01.06.2017 796,730 393,325 7.500% BIO-RAD Laboratories 03 - 15.08.2013 426,499 606,845 10.250% Bluewater Finance 02 - 15.02.2012 630,609 887,791 8.000% Building Materials 97 - 20.10.2007 889,132 685,510 9.375% Caesars Entertainment 00 - 15.02.2007 766,521 224,757 7.250% Cascades 03 - 15.02.2013 235,251 337,136 9.750% CB Richard Ellis Service 03 - 15.05.2010 377,418 331,517 10.750% Chartered Communications 01 01.10.2009 292,076 415,801 10.250% Chartered Communications 03 15.09.2010 429,996 224,757 8.000% Chartered Communications 04 30.04.2012 222,276 427,039 7.375% CHC Helicopter 04 - 01.05.2014 434,115 337,136 8.125% Chesapeake Energy 01 - 01.04.2011 370,648 505,704 7.500% Chesapeake Energy 03 - 15.09.2013 548,356 460,752 9.250% Citizens Communications 01 - 15.05.2011 487,489 393,325 9.500% Coast Hotels & Casino 99 - 01.04.2009 415,145 224,757 8.000% Constellation Brands 01 - 15.02.2008 248,227 247,233 8.125% Constellation Brands 02 - 15.01.2012 270,567 955,218 8.000% Continental Airlines 98 - 15.12.2005 911,105

1.27 0.50 0.21 0.09 0.40 0.10 0.12 0.23 0.98 0.94 0.50 0.74 1.04 0.90 0.28 0.44 0.34 0.50 0.26 0.51 0.44 0.64 0.57 0.49 0.29 0.32 1.07

752,937 516,942 337,136 224,757 629,320 224,757 303,422 337,136 629,320 505,704 606,845 157,330 393,325 337,136 370,850 280,947 460,752 550,655 449,515 786,651 505,704 359,612 389,392 505,704 370,850 618,083 842,840 730,461 213,519 280,947 505,704

7.500% 8.125% 9.500% 10.500% 7.250% 6.875% 10.125% 8.125% 12.125% 8.375% 10.125% 7.750% 8.875% 8.750% 10.250% 7.750% 12.000% 7.875% 8.125% 9.625% 8.875% 10.375% 8.137% 8.625% 9.875% 13.000% 11.500% 8.750% 8.625% 8.750% 8.875%

168,568 280,947 825,983 1,292,354 112,379 168,568 786,651 337,136 797,888 255,100 988,932 359,612 348,374 56,189 224,757 741,699 561,893 449,515 606,845 629,320 449,515 674,272 392,651 561,893 337,136 427,039 752,937 449,515 696,748 168,568 269,709 606,845 988,932 1,200,204 393,325

7.750% 6.375% 9.875% 7.625% 7.250% 9.625% 11.000% 9.625% 9.750% 8.750% 9.750% 9.250% 8.500% 7.750% 6.875% 10.875% 5.250% 9.500% 6.125% 8.000% 6.125% 8.750% 10.750% 8.500% 6.375% 8.875% 10.000% 9.375% 6.875% 9.250% 8.250% 6.750% 10.000% 14.000% 11.500%

471,990 10.875%

41

Couche-Tard US/Finance 03 - 15.12.2013 Coventry Health Care 02 - 15.02.2012 Crown Euro 03 - 01.03.2011 CSC 96 - 15.05.2016 CSC 98 - 15.07.2008 D.R. Horton 03 - 01.05.2013 Dana 02 - 15.03.2010 Delhaize America 01 - 15.04.2011 Dex Media East 02 - 15.11.2012 Direct Holdings Finance 03 - 15.03.2013 Dynegy 03 - 15.07.2013 El Paso 02 - 15.01.2032 Ethyl 03 - 01.05.2010 Ferrellgas Partners 02 - 15.06.2012 FMC 02 - 01.11.2009 FMC 96 - 01.07.2011 Four M 96 - 01.06.2006 Fresenius Medical 98 - 01.02.2008 Georgia-Pacific 01 - 15.05.2011 Grant Prideco 01 - 01.12.2007 Greif 02 - 01.08.2012 Hanger Orthopedic 02 - 15.02.2009 Homer City Funding 01 - 01.10.2019 Horseshoe Gambling 99 - 15.05.2009 Houghton Mifflin 03 - 01.02.2013 Iasis Healthcare 00 - 15.10.2009 Illinova 03 - 15.12.2010 Ipsco 03 - 01.06.2013 Iron Mountain 03 - 01.04.2013 Joy Global 02 - 15.03.2012 K. Hovnanian Enterprises 02 01.04.2012 K. Hovnanian Enterprises 03 - 15.05.2013 Key Energy Services 03 - 01.05.2013 Koppers Industry 03 - 15.10.2013 L-3 Communications 02 - 15.06.2012 Lamar Media 02 - 01.01.2013 Lyondell Chemical 99 - 01.05.2007 Matria Healthcare 01 - 01.05.2008 MDP Acquisitions 03 - 01.10.2012 Meritage 01 - 01.06.2011 Methanex 02 - 15.08.2012 MGM Mirage 00 - 01.06.2007 Michaels Stores 01 - 01.07.2009 MSW Energy 03 - 01.09.2010 Nalco 03 - 15.11.2011 Neighborcare 03 - 15.11.2013 Nevada Power 03 - 15.10.2009 Nextel Communications 00 - 15.01.2010 Nextel Communications 01 - 01.02.2011 Nortel Networks 01 - 15.02.2006 NRG Energy 03 - 15.12.2013 Offshore Logistic 03 - 15.06.2013 Owens-Brockway 02 - 15.11.2012 Pacificare Health System 02 - 01.06.2009 Panamsat 02 - 01.02.2012 Panamsat 98 - 15.01.2008 Perkinelmer 02 - 15.01.2013 Petroleum Geo-Services 03 - 05.11.2010 Petroleum Helicopters 02 - 01.05.2009 PG & E 03 - 15.07.2008 Pinnacle 99 - 15.02.2007 Pinnacle Foods 03 - 01.12.2013 Premcor Refining 04 - 01.02.2011 Quintiles Transnational 03 - 01.10.2013 Qwest Services 02 - 15.12.2014 Resort International Hotel/Casino 02 15.03.2009 RH Donnelley Finance 03 - 15.12.2012

Výkaz investic -

Výkaz investic – US Bond Fund 30-04-2004

High Yield Bond Fund (USD) 30-04-2004 Nominál, není-li určeno jinak


x1

nominál v USD, Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo jinak obchodované na jiném regulovaném trhu

hodnota

%

x USD

x 1,000

456,625 966,928 424,242 673,315 125,653 240,887 44,568 539,470 373,116 698,194 496,454 844,112 468,246 629,029 811,363 729,448 207,146 500,403 362,101

0.54 1.13 0.49 0.79 0.15 0.28 0.05 0.63 0.44 0.82 0.58 0.99 0.55 0.74 0.95 0.86 0.24 0.59 0.43

304,233 428,473 179,823 127,781 218,891 358,800 263,459 117,767 408,898

0.36 0.50 0.21 0.15 0.26 0.42 0.31 0.14 0.48

257,535 253,304 248,227 265,151 318,563

0.30 0.30 0.29 0.31 0.37

800 650 1,480 2,000

INVESTICE

0.80 0.65 1.87 2.15

5,361

5.47

291,948

2,666 5.000% Bear Stearns Asset Backed Securities 02 25.10.2033 300 9.000% Beaver Valley Fundgroup Corp. 92 01.06.2017 1,500 5.300% Capital One Master Trust 01 15.06.2009 2,629 5.000% CCSMC 2003-S2 A1 - 25.03.2018 950 5.875% Citigroup 03 - 22.02.2033 1,050 3.400% COMET 2004-C1 04 - 16.11.2009 1,270 7.500% CS First Boston Mortgage Securities 02 25.12.2032 802 4.570% DVI Receivables 02 - 11.06.2010 950 4.125% Fannie Mae 04 - 15.04.2014 3,200 2.625% Fannie Mae 04 - 19.01.2007 2,100 6.375% Fannie Mae 99 - 15.06.2009 1,708 7.000% Fannie Mae Pool #545154 01 01.08.2016 1,500 6.500% Federal Home Loan Bank 99 15.11.2006 2,000 5.500% FGLMC (TBA) - 01.05.2034 2,000 6.000% FGLMC (TBA) - 01.05.2034 1,737 5.000% FGLMC Pool A13890 03 - 01.09.2033 3,227 5.500% FGLMC Pool C01674 03 - 01.11.2033 1,452 5.000% FNCI Pool #681373 03 - 01.01.2018 1,591 5.500% FNCL (TBA) 03 - 01.06.2033 1,500 5.000% FNCL (TBA) 04 - 01.05.2034 1,959 4.500% FNCL 03 - 01.08.2033 689 7.000% FNCL Pool #639703 02 - 01.03.2032 1,425 3.740% FNMA Pool #1B0797 03 - 01.04.2033 529 5.500% FNMA Pool #254546 02 - 01.12.2017 2,248 4.205% FNMA Pool #681846 03 - 01.03.2033 1,400 6.250% Freddie Mac 02 - 15.07.2032 1,118 7.000% G2SF Pool # 2838 99 - 20.11.2029 844 7.000% G2SF Pool #353 02 - 20.02.2032 300 8.000% General Motors 01 - 01.11.2031 1,000 6.750% General Motors 01 - 15.01.2006 1,100 5.023% GMAC Commercial Mortgage Securities Inc. 03 - 10.04.2040 908 7.000% GNSF Pool #434462 00 - 15.07.2029 1,112 6.000% GNSF Pool #781547 03 - 15.01.2033 600 5.875% International Lease Finance 03 01.05.2013 1,400 4.490% MSC 2004-HQ3 A3 - 13.01.2041 500 5.875% New York Life Insurance 03 15.05.2033 1,600 2.700% Nissan Auto Receivables Owner Trust 04 17.12.2007 725 6.000% Sprint Capital 02 - 15.01.2007 750 6.375% Telecom Italia Capital 03 - 15.11.2033 475 3.500% Treasury Inflation Index 01 15.01.2011 4,025 4.522% Wells Fargo MBS 03 - 25.11.2033 750 2.490% WESTO 2004 -1 C 04 - 22.08.2011

0.34

388,914

0.46

680,862

0.80

680,862

0.80

78,889,753 92.64

LIKVIDNÍ AKTIVA (včetně narůstajícího úroku)

6,270,419


85,160,172 100.00

700

0.71

700

0.71

2,668

2.72

342

0.35

1,581 2,693 910 1,038

1.61 2.75 0.93 1.06

1,346 670 883 3,166 2,321

1.37 0.68 0.90 3.23 2.37

1,821

1.86

1,634 1,996 2,045 1,726 3,236 1,460 1,586 1,452 1,836 729 1,451 543 2,375 1,485 1,183 893 315 1,059

1.67 2.03 2.08 1.76 3.30 1.49 1.62 1.48 1.87 0.74 1.48 0.55 2.42 1.51 1.21 0.91 0.32 1.08

1,087 965 1,144

1.11 0.98 1.17

625 1,371

0.64 1.40

481

0.49

1,593 771 738

1.62 0.79 0.75

566 3,938 744

0.58 4.01 0.76

Finanční instituce

US dolar


782 634 1,839 2,106

Mexico 03 - 08.04.2033 Philippines 03 - 15.01.2014 US Treasury Notes 86 - 15.11.2016 US Treasury Notes 98 - 15.11.2008

800 5.100% Illinois State 03 - 01.06.2033

78,208,891 91.84

Cablevision Systems 04 - 01.04.2009 Pharma Intermediate 18.03.2004 01.04.2014

7.500% 8.250% 7.500% 4.750%

Se státní účastí

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU 280,947 674,272

%

Státní


x USD 1,000

OBLIGACE

US dolar (pokračování) 427,039 9.750% River Rock Entertainment 03 01.11.2011 932,743 7.875% Riverside Forest Product 04 - 01.03.2014 449,515 6.375% Rogers Wireless 04 - 01.03.2014 618,083 8.875% Roundy’s 02 - 15.06.2012 133,493 8.500% SAC 04 - 15.03.2014 235,995 7.250% Seneca Gaming 04 - 01.05.2012 44,951 6.250% Sierra Pacific Power 04 - 15.04.2012 505,704 8.000% Sinclair Broadcast Group 02 - 15.03.2012 365,231 8.875% Six Flags 02 - 01.02.2010 629,320 8.875% Southern Natural Gas 03 - 15.03.2010 449,515 8.500% Southern Star 03 - 01.08.2010 842,840 6.250% SPX 03 - 15.06.2011 449,515 7.750% Standard Pacific 03 - 15.03.2013 561,893 9.750% Stone Container 01 - 01.02.2011 792,269 8.500% Tembec Industries 01 - 01.02.2011 674,272 8.000% Tesoro Petroleum 03 - 15.04.2008 179,806 8.750% The Healthcare Company 00 - 01.09.2010 449,515 8.750% Triad Hospitals 01 - 01.05.2009 370,850 6.500% Trinity Industries 04 - 15.03.2014 297,803 11.625% Trump Holdings & Funding 03 15.03.2010 393,325 8.125% Unisys 01 - 01.06.2006 168,568 6.875% Unisys 03 - 15.03.2010 112,379 8.250% United Agri Products 03 - 15.12.2011 224,757 6.500% United Rentals 04 - 15.02.2012 337,136 7.875% Vintage Petroleum 01 - 15.05.2011 224,757 9.250% Vivendi Universal 03 - 15.04.2010 112,379 6.250% Vivendi Universal 03 - 15.07.2008 359,612 8.375% Western Oil Sands 02 - 01.05.2012 247,233 6.875% Westinghouse Air Brake T 03 31.07.2013 224,757 8.250% Westport Resources 02 - 01.11.2011 224,757 8.625% Williams Cos 03 - 01.06.2010 280,947 7.500% Williams Cos 01 - 15.01.2031 270,608 10.750% Yell Finance 01 - 01.08.2011

hodnota

7.36

60,466 61.65

42



nominál v USD Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo jinak obchodované na jiném regulovaném trhu

x 1,000

x USD 1,000

Různé

900 650 750 500 425 800

7.450% 5.200% 6.875% 6.000% 7.750% 6.875%

250 300 1,050 1,500 750

9.375% 7.250% 8.700% 6.500% 5.875%

275 300 280 470 1,025 450 500 300 225 615 565 1,100 300 500 530 1,000 260 450 900 750 300 215 275 700 235 300 325 175

8.000% 6.875% 8.125% 2.650% 5.625% 7.875% 5.125% 9.625% 6.300% 7.625% 6.400% 5.450% 6.500% 6.000% 6.375% 5.250% 7.625% 8.110% 7.000% 3.125% 6.750% 9.000% 6.875% 6.150% 6.750% 5.000% 6.125% 7.750%

865 4.375% 320 6.375% 405 6.875% 525 6.500% 300 400 290 325 500 275 320 800 750 250 750 450

8.000% 6.875% 6.250% 6.875% 4.875% 8.000% 7.650% 6.875% 6.625% 8.125% 6.201% 4.500%

870 360 1,325 505

7.000% 8.375% 7.375% 6.250%

Albertson’s 99 - 01.08.2029 Andina de Fomento 03 - 21.05.2013 Arrow Electronics 03 - 01.07.2013 AT&T 99 - 15.03.2009 Ball 98 - 01.08.2006 British Sky Broadcasting 99 23.02.2009 Caesars Entertainment 00 - 15.02.2007 Cascades 03 - 15.02.2013 Cilcorp 99 - 15.10.2009 CNA Financial 98 - 15.04.2005 Commonwealth Edison 03 01.02.2033 Constellation Brands 01 - 15.02.2008 D.R. Horton 03 - 01.05.2013 Delhaize America 01 - 15.04.2011 Fedex 04 - 01.04.2007 Ford Motor 03 - 01.10.2008 Fresenius Medical 98 - 01.02.2008 General Mills 02 - 15.02.2007 Grant Prideco 01 - 01.12.2007 HCA 02 - 02.10.2012 Hertz 02 - 01.06.2012 Household Finance 98 - 17.06.2008 Hutchison Wampoa 03 - 24.11.2010 Kansas Gas & Electric 93 - 01.08.2005 Kellogg 01 - 01.04.2006 Key Energy Services 03 - 01.05.2013 Kraft Foods 02 - 01.06.2007 L-3 Communications 02 - 15.06.2012 Lear 99 - 15.05.2009 Leucadia National 03 - 15.08.2013 Loews 98 - 15.09.2007 MGM Mirage 97 - 01.08.2007 Nevada Power 03 - 15.08.2013 Nextel Communications 03 - 31.10.2013 Nisource Finance 03 - 01.03.2013 Norampac 03 - 01.06.2013 NVR 03 - 15.06.2010 Omnicare 03 - 01.06.2013 Owens-Brockway Glass Containers 03 15.05.2011 Packaging Corporation of America 03 01.08.2008 Panamsat 98 - 15.01.2008 PG & E 03 - 15.07.2008 Pioneer Natural Resources 98 15.01.2008 Southern Cal Edison 03 - 15.02.2007 Sprint Capital 98 - 15.11.2028 SPX 03 - 15.06.2011 Standard Pacific 03 - 15.05.2011 Sungard Data 04 - 15.01.2014 Tesoro Petroleum 03 - 15.04.2008 Tricon Global 98 - 15.05.2008 Tyco 99 - 15.01.2029 Union Pacific 99 - 01.02.2029 Unisys 01 - 01.06.2006 United Airlines 01 - 01.09.2008 Virginia Electric & Power 03 15.12.2010 Waste Management 97 - 01.10.2004 Western Oil Sands 02 - 01.05.2012 Weyerhaeuser 02 - 15.03.2032 XTO Energy 03 - 15.04.2013


hodnota

x 1,000

%

976 634 789 508 455

0.99 0.65 0.80 0.52 0.46

884 278 313 1,241 1,543

0.90 0.28 0.32 1.27 1.57

731 303 314 312 460 1,042 489 519 335 226 658 616 1,087 315 532 522 1,051 280 517 918 728 317 241 278 734 244 287 327

0.75 0.31 0.32 0.32 0.47 1.06 0.50 0.53 0.34 0.23 0.67 0.63 1.11 0.32 0.54 0.53 1.07 0.29 0.53 0.94 0.74 0.32 0.25 0.28 0.75 0.25 0.29 0.33

183

0.19

864 330 433

0.88 0.34 0.44

570 336 392 289 326 481 296 361 809 790 271 668

0.58 0.34 0.40 0.29 0.33 0.49 0.30 0.37 0.82 0.81 0.28 0.68

444 880 408 1,456 537

0.45 0.89 0.42 1.48 0.55

x USD 1,000

%

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU Finanční instituce 1,325

CSFB Mortgage C2 A2 01 - 11.11.2030

OBLIGACE S PROMĚNL.ÚROK. SAZBOU CELKEM

INVESTICE LIKVIDNÍ AKTIVA

99,655 101.59

43

1,444

1.47

1,444

1.47

1,444

1.47

101,099 103.06 (včetně narůstajícího úroku)


33,128 33.76 OBLIGACE CELKEM

hodno

(3,003) (3.06) 98,096 100.00

Výkaz investic -

Výkaz investic -

Interest Growth Fund CZK 30-04-2004

Interest Growth Fund (Euro) 30-04-2004

nominál v CZK Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo jinak obchodované na jiném regulovaném trhu

x 1,000


hodnota

x CZK 1,000

%

x 1,000

OBLIGACE

x EUR 1,000

Státní

45,000 6.050% Czech Republic 01 - 14.09.2004

45,720

8.13

45,720

8.13

5,694 12,270

1.01 2.18

17,964

3.19

7,500 4.500% France 00 - 12.07.2006

7,799

4.22

7,798

4.22

5,122 3,659

2.77 1.98

3,500

1.90

12,281

6.65


Finanční instituce 5,500 6.500% Depfa Pfandbriefbank 00 - 29.03.2005 12,000 8.000% Komercni Banka 99 - 10.09.2004

DEM 10,000 4.500% Euro Hypo 98 - 03.06.2004 NLG 8,000 7.125% ING 94 - 28.06.2004 3,500 7.000% Landesbank Hessen-Thueringen 94 03.05.2004

Různé 20,000 4.550% Cesky Telecom 02 - 15.07.2005 45,000 8.200% Radiomobil 99 - 08.11.2004 10,000 9.000% Unipetrol A.S. 99 - 30.09.2004

20,460 46,463 10,252

3.64 8.26 1.82

OBLIGACE CELKEM

OBLIGACE CELKEM

Finanční instituce 5,000 1,500 7,000 2,000 1,000

140,859 25.04

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU Různé AIG Sunamerica 02 - 10.07.2008 Ceska Pojistovna 01 -16.07.2006 City of Prague 01 - 15.05.2011 Glaverbel Czech 00 - 10.07.2008 Koninklijke Ahold 00 -14.09.2005 Skoda Auto 00 - 26.10.2010 Skoda Auto 00 - 26.10.2007

9,865 9,900 9,985 21,395 19,000 19,690 9,940

1.75 1.76 1.77 3.80 3.38 3.50 1.77

7,000 3,500 3,000 3,500 5,000 USD 4,500 728 2,000 4,000 GBP 3,000 8,000

99,775 17.73 OBLIGACE S PROMĚNL. ÚROK. SAZBOU CELKEM

99,775 17.73

POKLADNIČNÍ POUKÁZKY Státní Czech Treasury Bill 02 - 21.05.2004 Czech Treasury Bill 03 - 02.07.2004 Czech Treasury Bill 03 - 06.08.2004 Czech Treasury Bill 03 - 11.06.2004 Czech Treasury Bill 03 - 28.05.2004 Czech Treasury Bill 04 - 01.10.2004 Czech Treasury Bill 04 - 09.07.2004 Czech Treasury Bill 04 - 28.01.2005

6,000 6,000 2,900 3,541 728 3,500 2,500 2,000 USD 3,000 2,000 3,500 3,500 2,600 2,000 700 5,500 4,000 GBP 5,000 5,000 2,000 3,500 USD 4,000

59,934 10.65 29,890 5.31 19,888 3.53 9,977 1.77 19,969 3.56 49,573 8.81 99,621 17.70 3.50 19,677 308,529 54.83

CELKEM POKLADNIČNÍ POUKÁZKY

308,529 54.83

INVESTICE

549,163 97.60


13,525

20,079 10.87


77,175 13.72

60,000 30,000 20,000 10,000 20,000 50,000 100,000 20,000

%

OBLIGACE

Státní

10,000 10,000 10,000 22,000 20,000 20,000 10,000

hodnota

2.40 562,688 100.00

AB Spintab 03 - 14.07.2004 Abbey National Treasury 03 - 14.05.2008 ABN AMRO Bank 04 - 23.01.2008 Anglo Irish Bank 03 - 17.02.2006 Australia & New Zealand Banking Group 03 - 23.06.2006 Banco Bilbao Vizcaya 04 - 26.02.2009 Banco Santander 04 - 16.03.2009 Bank of America 03 - 20.11.2008 Banque PSA Finance 04 - 02.03.2007 BCL International Finance 02 - 21.06.2004 Bear Stearns 04 - 30.01.2009 Berica MBS 02 - 25.02.2032 Caisse Cent Credit Immob. 01 - 05.06.2006 Citigroup 03 - 10.11.2008 Citigroup 04 - 26.03.2009 Commonwealth Bank Australia 04 20.01.2006 Credit Agricole 04 - 20.04.2007 CSSE National Csse Eparg 04 - 26.01.2006 Deutsche Finance 00 - 11.05.2005 Deutsche Hypothekenbank 99 - 28.05.2004 Europa 00 - 15.12.2036 Geldilux 02 -17.06.2007 Goldman Sachs 03 - 21.10.2008 Granite Mortgages 04 - 20.03.2044 HSH Nordbank AG 04 - 26.03.2009 Key Bank 02 - 29.03.2005 Lehman Brothers 04 - 05.04.2011 Macquarie Bank 04 - 30.03.2009 Merrill Lynch 04 - 22.03.2011 Morgan Stanley 03 - 29.05.2008 Morgan Stanley 04 - 29.05.2008 NIB Capital Bank 04 - 23.01.2006 Northern Rock 03 - 16.05.2006 Royal Bank Of Canada 04 - 08.04.2010 Royal Bank of Scotland 03 - 14.03.2008 Royal Bank of Scotland 04 - 01.02.2007 SLM 04 - 26.04.2011 SNS Bank 03 -18.06.2008

5,000 1,501 7,000 2,000

2.72 0.81 3.79 1.08

1,000 6,993 3,498 2,997 3,499 5,009 3,766 729 1,999 3,996 4,435

0.54 3.79 1.89 1.62 1.89 2.71 2.04 0.39 1.08 2.16 2.40

7,994 6,001 5,983 2,900 3,543 728 3,504 2,503 2,001 2,498 2,003 3,500 3,499 2,599 2,014 705 5,499 3,996 7,394 5,003 1,998 3,500 3,342

4.33 3.25 3.24 1.58 1.92 0.39 1.91 1.36 1.08 1.35 1.08 1.90 1.89 1.41 1.09 0.38 2.98 2.16 4.00 2.71 1.08 1.90 1.81

136,129 73.71

44

Výkaz investic -

Výkaz investic -

Interest Growth Fund (Euro) 30-04-2004

Interest Growth Fund (USD) 30-04-2004


x 1,000


hodnota

x EUR 1,000

%

x 1,000

1,400 3,500

ASIF 03 - 25.11.2008 Bat International Finance 03 - 03.04.2006 General Electric Capital Euro Funding 04 04.05.2011 Telecom Italia 04 - 29.10.2007 Volkswagen 04 - 22.01.2007

4,000 2,120

2.17 1.15

5,983 1,396 3,497

3.24 0.76 1.89

16,996

9.21


153,125 82.92

INVESTICE

173,204 93.79


11,471

x USD 1,000

%


Různé 4,000 2,100 6,000

hodnota

Finanční instituce EUR 1,500 EUR 800 EUR 1,000 1,000 EUR 900 1,000 GBP 1,000 EUR 1,600

EUR

6.21

184,675 100.00 EUR EUR EUR

EUR GBP EUR

1,000 500 1,000 1,000 2,000 900 900 700 1,000 2,000 2,000 1,500 1,000 1,000 1,500 1,200 2,000

Banco Bilbao Vizcaya 04 - 26.02.2009 Banco Santander 04 - 16.03.2009 Bank of America 03 - 20.11.2008 Bank One 02 - 01.10.2007 Banque PSA Finance 04 - 02.03.2007 Bear Stearns 04 - 30.01.2009 Citigroup 04 - 26.03.2009 Commonwealth Bank Australia 04 20.01.2006 Goldman Sachs 03 - 20.04.2006 Granite Mortgages 04 - 20.03.2044 Household Finance 04 - 09.02.2007 HSH Nordbank 03 - 11.02.2008 HSH Nordbank 04 - 26.03.2009 Lehman Brothers 04 - 05.04.2011 Macquarie Bank 04 - 30.03.2009 Merrill Lynch 04 - 22.03.2011 Morgan Stanley 04 - 22.01.2009 National Australia Bank 03 - 22.10.2008 NIB Capital Bank 04 - 05.05.2009 NIB Capital Bank 04 - 23.01.2006 Northern Rock 04 - 13.01.2006 Royal Bank Of Canada 04 - 08.04.2010 Royal Bank of Scotland 04 - 01.02.2007 SNS Bank 03 -18.06.2008 Wells Fargo 03 - 03.03.2006

1,796 958 1,198 1,003 1,079 1,003 1,772

2.79 1.49 1.86 1.56 1.68 1.56 2.75

1,917 1,002 600 1,003 1,000 1,996 1,079 1,079 839 1,000 1,998 1,996 1,798 1,000 1,773 1,797 1,202 2,002

2.98 1.56 0.93 1.56 1.55 3.10 1.68 1.68 1.30 1.55 3.10 3.10 2.79 1.55 2.75 2.78 1.87 3.11

33,890 52.63

Různé EUR 1,000 EUR 500 2,000 EUR 2,000 1,000 EUR 300 EUR 800

ASIF III 03 - 25.11.2008 Bat International Finance Plc. 03 03.04.2006 Dexia Credit Local 02 - 15.05.2007 General Electric Capital Euro Funding 04 04.05.2011 Jackson National Life Fund 00 - 08.02.2005 Telecom Italia 04 - 29.10.2007 Volkswagen 04 - 22.01.2007

1,199

1.86

605 2,004

0.94 3.11

2,391 1,001 358 958

3.71 1.55 0.56 1.49

8,516 13.22 OBLIGACE S PROMĚNL. ÚROK. SAZBOU CELKEM

42,406 65.85

DEPOZITNÍ CERTIFIKÁTY Finanční instituce

1,000 1.260% Svenska Handelsbanken 03 - 29.06.2004 1,000 1.220% Westdeutsche Landesbank 03 - 25.05.2004 1,000 1.205% Fortis Bank 03 - 14.05.2004

1,000 1,000 1,000

DEPOZITNÍ CERTIFIKÁTY CELKEM

1.55 1.55 1.55

3,000

4.65

3,000

4.65

1,999 1,999 2,000

3.10 3.10 3.11

5,998

9.31

5,998

9.31

OBCHODNÍ CENNÉ PAPÍRY Různé 2,000 2,000 2,000

Network Rail 09.02.2004 - 04.05.2004 Kommunekredit 09.02.2004 - 10.05.2004 Toyota 09.02.2004 - 05.05.2004

CELKEM OBCHODNÍ CENNÉ PAPÍRY INVESTICE LIKVIDNÍ AKTIVA (včetně narůstajícího úroku) 13,006 CELKOVÁ ČISTÁ AKTIVA

45

51,404 79.81 20.19 64,410 100.00

Výkaz investic – Model Fund 1 30-04-2004


nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo jinak obchodované na jiném regul. trhu

nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo obchodované na jiném regul. trhu jinak

hodnota

x EUR

%

x EUR

OBLIGACE Státní

59,358 4.250% 4.750% 6.250% 5.750% 3.375%

29,679 2,819,505 1,394,913 816,173 838,432 29,679 37,099 2,225,925 51,938

6.250% 4.500% 5.000% 5.750% 6.250% 5.500% 4.750% 6.000% 6.000% 4.250% 7.500% 5.250% 3.750% 5.400% 6.000%

Belgium 03 - 28.09.2013 Belgium 95 - 28.09.2005 Belgium 96 - 28.03.2007 Belgium 97 - 28.03.2008 Caisse d’Amortisation Dette Sociale 99 - 12.07.2004 Croatia 02 - 11.02.2009 France 00 - 12.07.2006 France 00 - 25.10.2011 France 00 - 25.10.2032 Germany 00 - 04.01.2030 Germany 00 - 04.01.2031 Germany 03 - 04.07.2034 Germany 97 - 04.07.2007 Korea Development Bank 00 13.04.2005 Netherlands 03 - 15.07.2013 Netherlands 93 - 15.01.2023 Netherlands 98 - 15.07.2008 Netherlands 99 - 15.07.2009 Spain 01 - 30.07.2011 Spain 98 - 31.01.2029

847,971 2,713,269 567,581 1,540,225

1.71 5.46 1.14 3.10

419,821 32,172 2,931,580 1,490,325 916,766 1,001,088 32,231 36,160 2,428,262

0.84 0.06 5.90 3.00 1.84 2.01 0.06 0.07 4.89

53,574 596,459 596,058 738,821 720,630 852,034 860,431

0.11 1.20 1.20 1.49 1.45 1.71 1.73

DEM 296,790 NLG 296,790 118,716 348,979 51,938 DEM 103,877 25,227 74,198 111,296 139,592 37,099 NLG 1,221,427 96,457 170,654 81,617

19,375,458 38.97

31,408

Finanční instituce NLG NLG NLG

96,457 25,126 81,661 55,488 44,519

7.125% 8.750% 8.250% 9.500% 3.250%

89,037 96,457 81,617

4.750% 6.125% 4.450%

25,969

6.988%

907,345

4.750%

51,938

5.125%

NLG 697,958 44,519 46,002 17,807

6.375% 4.750% 7.400% 6.250%

96,457 1,046,937

4.875% 5.625%

51,938

5.500%

111,296

6.342%

22,259 697,958 155,815 148,395 DEM 148,395 59,358 37,099 28,195 697,958 51,938

%


847,335 2,626,592 519,383 1,409,753 418,775

593,580 445,185 685,585 712,296 779,074 741,975

hodnota

5.500% 4.500% 4.750% 6.500% 5.250% 6.625% 5.750% 5.125% 4.750% 5.375%

Abbey National 00 - 28.09.2049 ABN AMRO Bank 84 - 01.06.2004 ABN AMRO Bank 85 - 01.06.2005 ABN AMRO Bank 90 - 15.04.2005 ABN AMRO Bouwfonds Nederland 03 - 03.06.2008 Aegon Funding II 01 - 28.02.2005 Allianz Finance 02 - 31.05.2022 Australia & New Zealand Banking 03 - 05.02.2015 Banca Intesa Capital Trust 01 12.07.2049 Banco Bilbao Vizcaya ARG 99 24.09.2004 Banco Santander Central Hispano Issuances 99 - 06.07.2009 Bank Nederlandse Gemeenten 96 04.01.2006 Bank of America 04 - 06.05.2019 Bank of Ireland 01 - 07.03.2011 Banque Cent de Tunisie 03 20.02.2013 Barclays Bank 03 - 31.03.2013 Bayerische Landesbank 00 06.07.2005 BBVA Capital Funding 01 04.07.2011 BNPParibas Capital Trust (PERP. 49) 02 - 24.01.2012 CIT 01 - 16.05.2005 Citibank Credit Card Trust 99 25.08.2004 Citigroup 04 - 10.02.2019 Cortp. Andina de Fomento 00 16.11.2005 Countrywide Home Loan 98 15.12.2005 Credit Suisse GP Finance 00 05.10.2010 Danske Bank 01 - 26.03.2011 Danske Bank 02 - 12.11.2012 Dekabank 98 - 25.05.2004 Deutsche Bank Finance 02 27.03.2012

110,617 11,583 38,724 26,753

0.22 0.02 0.08 0.05

44,267 90,755 104,419

0.09 0.18 0.21

83,266

0.17

29,394

0.06

916,510

1.84

54,904

0.11

335,936 44,465 53,772

0.68 0.09 0.11

18,865 98,994

0.04 0.20

1,086,226

2.19

54,727

0.11

123,672 22,939

0.25 0.05

702,704 156,898

1.41 0.32

156,186

0.31

78,775

0.16

67,172 39,991 29,747 699,005

0.14 0.08 0.06 1.41

55,052

0.11

348,979 96,457 63,068 749,896 51,938 29,679 22,259 96,457 29,679 51,938 185,494 NLG 1,046,937 NLG 663,060 66,778 438,667 261,734 103,877 29,679 44,519 40,809 111,296 89,037 51,938 29,679 29,679

6.875% Euroclear Finance (PERP) 00 04.10.2007 65,651 0.13 5.250% European Credit Card Office 98 18.06.2008 161,913 0.33 5.250% European Mortgage Securities 98 13.05.2008 143,237 0.29 6.500% Fortis Bank (PERP. 49) 0126.09.2011 132,577 0.27 4.500% General Electric Capital 98 15.07.2004 350,567 0.71 4.125% Goldman Sachs 03 - 06.02.2008 53,161 0.11 6.250% Goldman Sachs 97 - 17.07.2009 58,823 0.12 6.250% Hannover Finance 01 - 14.03.2031 27,335 0.05 4.375% Holcim Finance Luxembourg 03 23.06.2010 74,650 0.15 5.875% Household Finance 01 - 31.03.2008 120,918 0.24 5.625% HSH N Finance 00 - 16.11.2005 146,006 0.29 6.375% Imperial Tobacco Finance 99 27.09.2006 39,744 0.08 7.125% ING 94 - 28.06.2004 558,610 1.12 6.500% ING 00 - 15.06.2010 108,837 0.22 6.250% ING Verzekeringen 01 - 21.06.2021 187,498 0.38 6.000% International Lease Finance 02 24.10.2007 88,281 0.18 4.500% KFW-Kredit Wiederaufbau 99 03.08.2006 32,539 0.07 3.500% KFW-Kredit Wiederaufbau 99 15.07.2004 349,956 0.70 6.125% Lehman Brothers 00 - 23.03.2007 104,231 0.21 5.625% Lloyds TSB (PERP.49) 99 15.07.2009 67,672 0.14 4.375% MBNA America European Structured Offerings 99 - 19.08.2004 755,071 1.52 5.125% Merrill Lynch 98 - 09.03.2005 53,026 0.11 5.250% Merrill Lynch 98 - 18.08.2008 31,531 0.06 6.125% Michelin Finance Luxembourg 02 16.04.2009 24,348 0.05 5.750% Morgan Stanley 02 - 01.04.2009 104,820 0.21 4.375% Morgan Stanley 03 - 14.01.2011 29,900 0.06 4.125% National Rural Utilities 99 24.02.2006 52,974 0.11 6.625% National Westminster Bank 99 05.10.2049 208,300 0.42 6.000% Nederlandse Waterschapsbank 94 10.01.2005 486,576 0.98 6.625% Nederlandse Waterschapsbank 95 17.01.2005 314,273 0.63 5.125% New York Life Funding 01 18.05.2006 69,706 0.14 5.250% Rabobank Ireland 00 - 10.03.2005 449,582 0.90 4.750% Rabobank Nederland 99 - 13.10.2004 264,653 0.53 6.467% RBS Capital Trust A 02 - 30.06.2012 116,107 0.23 4.875% Sabadell International Capital 02 05.12.2012 31,020 0.06 8.126% Sanpaolo Imi Capital 00 - 10.11.2010 53,476 0.11 5.625% Skandinaviska Enskilda 02 06.06.2012 43,596 0.09 4.050% SLMA Student Loan 03 - 17.09.2010 111,886 0.23 5.500% Svenska Handelsbanken 01 07.03.2011 93,302 0.19 7.068% Union Bank of Norway 02 19.11.2012 59,695 0.12 5.375% Volkswagen Finance Service 02 25.01.2012 31,003 0.06 5.750% Zurich Finance 03 - 02.10.2023 30,933 0.06 11,624,302 23.41

Různé NLG 118,716 51,938 29,679

46

7.000% Akzo Nobel 95 - 20.10.2005 5.500% Alcan 01 - 02.05.2006 5.875% Allied Domecq Finance 02 12.06.2009

56,847 54,501

0.11 0.11

32,159

0.06





hodnota

x EUR

29,679 59,358 89,037 NLG 296,790 DEM 148,395 26,711 18,549 59,358 111,296 118,716 29,679 44,519 44,519 20,033 37,099 11,130 59,358 55,648 74,198 7,420 55,648 29,679 96,457 74,198 35,615 148,395 29,679 29,679 103,877 267,111 26,711 77,165 697,958 44,519 29,679 22,259 51,938 51,938 207,753 44,519 29,679 148,395 11,130 22,259 29,679 14,840 103,877 81,617 29,679 74,198 22,259 111,296 44,519 56,390 51,938

4.250% Altadis Finance 03 - 02.10.2008 3.625% Anglo American Capital 03 05.06.2008 3.500% Auchan 03 - 22.07.2008 5.000% Aventis 01 - 18.04.2006 6.750% Axa 00 - 15.12.2020 6.125% Batavia Credit Card 97 - 15.12.2006 5.875% Batavia Credit Card 97 - 16.03.2009 6.000% Bayer 02 - 10.04.2012 6.625% Bes Finance 02 - 08.05.2049 4.797% Brisa Finance 03 - 26.09.2013 6.125% British Telecom 01 - 15.02.2006 5.750% CGNU 01 - 14.11.2021 4.875% Ciba Specialty Chemicals Finance Luxembourg 03 - 20.06.2018 7.047% Cl Capital Trust 1 02 - 29.04.2049 6.000% Compass Group 03 - 29.05.2009 6.875% Continental 01 - 05.12.2008 6.250% Danaher 00 - 26.07.2005 5.875% Deutsche Telekom 01 - 11.07.2006 8.125% Deutsche Telekom 02 - 29.05.2012 7.500% Deutsche Telekom 03 - 24.01.2033 5.750% E.On 02 - 29.05.2009 4.750% Elia System 04 - 13.05.2014 5.125% ENBW Finance 02 - 28.02.2007 6.000% Etab Econ Casino Guichard 01 06.03.2008 7.000% France Telecom 02 - 23.12.2009 8.125% France Telecom 03 - 28.01.2033 5.750% Gallaher Group 01 - 02.10.2006 5.125% General Electric Capital 02 20.06.2007 7.250% General Motors 03 - 03.07.2013 8.375% General Motors 03 - 05.07.2033 5.062% Generali Finance 99 - 28.05.2019 6.050% HBOS 01 - 23.11.2049 6.500% Hilton Group Finance 02 - 17.07.2009 5.500% Hutchison Whampoa Finance 99 16.03.2006 5.250% Hypothekenbank In Essen 97 05.07.2005 7.250% Koninklijke KPN 01 - 12.04.2006 5.750% Koninklijke Philips Electronic 01 16.05.2008 6.625% Liz Claiborne 01 - 07.08.2006 6.750% Munich Re Finance 03 - 21.06.2023 5.250% NGG Finance 01 - 23.08.2006 6.125% NGG Finance 01 - 23.08.2011 6.625% North West Water Finance 00 08.11.2007 6.125% OTE 00 - 07.02.2007 5.500% Pacific Life Funding 02 - 14.05.2009 7.750% Pemex Project Funding Master 00 02.08.2007 6.375% Petronas Capital 02 - 22.05.2009 5.000% Pinault-Printemps-Redoute 03 23.01.2009 6.125% Polo Ralph Lauren 99 - 22.11.2006 5.750% Portugal Telecom International Finance 01 - 21.02.2006 5.750% Prudential 01 - 19.12.2021 6.250% Public and Broadcast Finance 99 01.11.2006 5.500% RWE Finance 02 - 26.10.2007 5.125% Saint-Gobain Nederland 99 09.07.2008 4.625% Sara Lee 99 - 29.07.2004 5.375% SCA Coordination Centre 02 25.06.2007 6.375% SL Finance 02 - 12.07.2022 3.250% SLM 03 - 25.07.2008

x EUR

%

63,605 42,508

0.13 0.09

150,204 41,191

0.30 0.08

59,421 15,669 45,279 116,413 109,237 50,086 23,767 64,386 160,912 48,187 33,015 94,833 78,381 43,376

0.12 0.03 0.09 0.23 0.22 0.10 0.05 0.13 0.32 0.10 0.07 0.19 0.16 0.09

5,843,008

11.75

%

Různé (pokračování) 44,519 51,938

hodnota

Různé (pokračování) 45,289

0.09

51,718 29,587 61,848 100,403 144,334 83,227 29,091 20,592 60,234 117,785 126,866

0.10 0.06 0.12 0.20 0.29 0.17 0.06 0.04 0.12 0.24 0.26

29,026 51,419 48,645 22,494 38,687 11,877 72,966 67,382 80,983 7,416 58,533

0.06 0.10 0.10 0.05 0.08 0.02 0.15 0.14 0.16 0.01 0.12

32,015 110,019 95,351 37,656

0.06 0.22 0.19 0.08

157,143 32,691 33,515 108,639 292,553 29,536

0.32 0.07 0.07 0.22 0.59 0.06

80,175

0.16

721,340 48,084

1.45 0.10

31,981 23,791 57,706 54,470 228,923

0.06 0.05 0.12 0.11 0.46

49,133 31,817 158,174

0.10 0.06 0.32

12,308 24,381

0.02 0.05

30,062 15,780

0.06 0.03

109,216 86,682

0.22 0.17

31,397 79,499

0.06 0.16

23,470 111,913

0.05 0.23

47,181 60,955 51,073

0.09 0.12 0.10

59,358 37,099 126,136 38,583 56,390 14,840 37,099 118,716 103,877 44,519 22,259 59,358 148,395 44,519 29,679 89,037 NLG 163,235 40,067

5.875% Sodexho Alliance 02 - 25.03.2009 7.000% SOGERIM 01 - 20.04.2011 8.160% Standard Chartered Capital Trust 00 23.03.2049 6.125% Swedish Match 99 - 01.10.2006 5.500% Syngenta Lux Finance 01 10.07.2006 5.875% Tele Danmark 01 - 24.04.2006 7.750% Telecom Italia 03 - 24.01.2033 5.375% Telecom Italia 04 - 29.01.2019 5.125% Telefonica Europe 01 - 30.10.2006 6.375% Telstra 01 - 29.06.2011 5.250% Tesco 02 - 07.05.2008 6.500% TPSA Eurofinance 00 - 13.03.2007 5.650% Travel Insurance 02 - 21.06.2012 5.875% Veolia Environnement 98 - 27.06.2008 6.750% VNU 01 - 29.10.2008 5.750% Vodafone 99 - 27.10.2006 6.250% Wolters Kluwer 97 - 11.06.2007 6.000% WPP 01 - 18.06.2008

OBLIGACE CELKEM

36,842,768 74.13

OBLIGACE S PROMĚNLIVOU ÚROKOVOU SAZBOU Finanční instituce 872,448 697,958 348,979 348,979 348,979 348,979 254,175 523,469 697,958 348,979 523,469 348,979 697,958 767,754 198,582 348,979 348,979 348,979 348,979 697,958 348,979 148,395 872,448 1,046,937 74,198

AB Spintab 04 - 27.07.2005 874,105 Abbey National Treasury Service 03 27.11.2006 697,696 ABN AMRO Bouwfonds Netherland 02 - 06.02.2007 349,378 Australia & New Zealand Banking Group 03 - 23.06.2006 348,889 Bank Austria 01 - 20.11.2006 349,555 Bank of Scotland 99 - 02.07.2004 348,984 Berica MBS SRL 02 A1 - 25.02.2032 254,531 BPE Finance 02 - 11.06.2004 523,470 Citigroup Global Markets 03 08.08.2008 698,589 Caisse Nationale de Credit Agricole 01 - 14.06.2004 348,995 Caisse Nationale de Credit Agricole 00 - 11.07.2007 523,936 Danske Bank 04 - 18.08.2006 348,784 Deutsche Finance 00 - 11.05.2005 697,958 Euroclear Finance 00 - 04.10.2010 768,773 Europa 1 A2 00 -15.12.2036 198,383 Geldilux 01 -13.06.2005 348,979 General Electric Capital 01 08.01.2007 349,502 General Electric Capital Euro Funding 03 - 05.12.2006 348,930 Italease Finance 03 - 14.12.2012 348,979 Kommunalkredit 99 - 14.09.2007 697,495 PMI Uno Finance 04 - 20.07.2012 348,979 SAECURE 2000-I A2 97 - 25.11.2007 174,448 SCIP 2 A1 02 - 26.04.2006 872,535 Unicredito Italiano 03 - 23.10.2008 1,047,460 Unicredito Italy Capital Trust 00 29.10.2049 89,119

1.76 1.40 0.70 0.70 0.70 0.70 0.51 1.05 1.41 0.70 1.06 0.70 1.40 1.56 0.40 0.70 0.70 0.70 0.70 1.41 0.70 0.35 1.76 2.11 0.18

11,958,452 24.06 OBLIGACE S PROMĚNL. ÚROK. SAZBOU CELKEM 11,958,452 INVESTICE LIKVIDNÍ AKTIVA CELKOVÁ ČISTÁ AKTIVA

47

24.06

48,801,220 98.19 901,156

1.81

49,702,376 100.00




x EUR

AKCIE


hodnota

%

hodnota

x EUR

%

62,115 10,163 74,729 16,827 143,977 83,658 113,476 11,335 6,365 217,496 53,403 129,487

0.08 0.01 0.10 0.02 0.19 0.11 0.15 0.01 0.01 0.28 0.07 0.17

923,031

1.20

Německo 644.7510 447.1187 2,077.5310 450.0329 2,094.2094 4,549.0765 7,880.2900 284.5903 697.1120 1,719.3360 1,217.8630 2,149.1700

Austrálie 10,662.2440 25,390.5980 24,306.3020 18,252.3160 17,446.6841 21,414.8460 4,517.9000 7,228.6400 9,568.9122 25,571.3140

Centro Properties Group CFS Gandel Retail Trust Commonwealth Property Office Fund General Property Trust Investa Property Group Macquarie Goodman Industrial Trust Mirvac Group Ronin Property Stockland Westfield Trust

25,565 20,956 16,693 33,098 19,445 21,416 11,431 4,834 29,804 62,545

0.03 0.03 0.02 0.04 0.03 0.03 0.01 0.01 0.04 0.08

245,787

0.32

13,585 10,137 7,727 11,780

0.02 0.01 0.01 0.08

43,229

0.06

9,222 3,784

0.01 0.00

13,006

0.01

50,844 45,890 5,952 35,289

0.07 0.06 0.01 0.05

137,975

0.19

12,137 14,501

0.02 0.02

26,638

0.04

Rakousko 286.9084 219.8836 50.6660 324.3283


Řecko 1,172.9333 Hellenic Telecommunications Organisation

7,047.9240 7,409.3560 9,035.8000 24,035.2280 4,608.2580 16,535.5140 12,650.1200 16,264.4400 16,625.8720 11,836.8980 12,650.1200

Kanada 5,322.0862 1,978.8402 388.6376 3,957.6804

Boardwalk Equities Brookfield Properties Husky Energy RioCan Real Estate Investment Trust


14,239

0.02

14,239

0.02

8,178 8,360 33,823 34,686 6,358 20,072 8,456 8,219 119,135 3,228 28,953

0.01 0.01 0.04 0.04 0.01 0.03 0.01 0.01 0.15 0.00 0.04

279,468

0.35

Hong Kong

Belgie 227.6987 Delhaize Group 112.9475 Warehouses De Pauw

Adidas Bayer BMW DaimlerChrysler Deutsche Bank Deutsche Post Deutsche Telekom Fresenius Medical Care IVG Immobilien SAP Schering Siemens

Hang Lung Development Hang Lung Properties Henderson Land Development Hong Kong Land Hysan Development Kerry Properties New World Develop Sino Land Company Sun Hung Kai Properties Tai Cheung Wharf

Irsko 898.3437 Irish Life & Permanent

11,723

0.02

11,723

0.02

3,172 12,760 200,789 11,628 13,128 82,863

0.00 0.02 0.26 0.02 0.02 0.11

324,340

0.43

175,584 135,019 21,998 9,600 8,886 13,529 100,220 18,761 22,468 11,337 11,429 13,692 12,985 167,573 105,394 49,767 88,361 20,445 120,348

0.23 0.17 0.03 0.01 0.01 0.02 0.13 0.02 0.03 0.01 0.01 0.02 0.02 0.22 0.14 0.06 0.11 0.03 0.16

Itálie

Finsko 1,493.1554 Fortum 1,076.5024 Nokia 768.0430 Sponda

13,961 12,638 4,923

0.02 0.02 0.01

31,522

0.05

48,492 119,209 6,912 23,204 8,373 14,601 138,525 8,520 22,481 14,862 17,054 187,746 15,604

0.06 0.15 0.01 0.03 0.01 0.02 0.18 0.01 0.03 0.02 0.02 0.24 0.02

5,194 52,698 11,904 228,870 44,857 10,274 15,736 13,929

0.01 0.07 0.02 0.30 0.06 0.01 0.02 0.02

1,009,045

1.31

903.5800 20,782.3400 11,838.9646 1,112.7302 6,749.5655 17,408.2770

Aedes Beni Stabili ENI Italcementi Telecom Italia Telecom Italia Mobile

Francie 1,002.9460 6,784.7519 271.0740 463.1464 169.1514 346.6478 6,731.0391 403.8043 361.4320 289.1456 380.4914 3,016.0019 224.5197 94.8759 2,865.5600 711.9725 1,483.2802 569.2554 463.0139 193.7890 663.6246

Atos Origin AXA Bail Investissement BNP Paribas CNP Assurances Compagnie de Saint-Gobain Credit Agricole European Aeronautic Defence and Space Gecina Klepierre Peugeot Renault Societé Générale Paris Société Immobilière de Location pour l’Industrie et le Commerce STMicroelectronics Suez Total Unibail Veolia Environnement Vinci Vivendi Universal

Japonsko 4,011.7840 Canon 10,670.1240 Dai Nippon Printing 3,885.3940 Daibiru 450.3640 Eisai 331.1500 Fuji Photo Film 404.0030 Honda Motor 1,110.4045 Hoya 3.2529 Japan Real Estate Investment 4.0661 Japan Retail Fund Investment 8,874.8200 Kawasaki Heavy Industries 1,721.9800 Kikkoman 1,655.7500 Kirin Brewery 1,059.6800 Matsushita Electric Industrial 16,987.3040 Mitsubishi Estate 11,475.4660 Mitsui Fudosan 7,593.7340 NEC 1,504.4190 NEC Electronics 3.3432 Nippon Building Fund 12,954.3980 Nissan Motor

48


nominál v EUR není-li určeno jinak




hodnota

x EUR

%

116,815 13,453 98,937 8,511 8,200 34,697 13,019 22,517 10,389 15,984 32,161

0.15 0.02 0.13 0.01 0.01 0.04 0.02 0.03 0.01 0.02 0.04

1,482,079

1.91

15,092 96,419 119,872 15,158 6,702 12,634 185,464 130,356 22,941 109,863 1,838

0.02 0.12 0.16 0.02 0.01 0.02 0.24 0.17 0.03 0.14 0.00

716,339

0.93

1,999

0.00

1,999

0.00

Japonsko (pokračování) 70.5644 2,582.9700 4,155.0620 2,251.8200 927.2200 3,704.6780 218.5590 2,981.8140 1,059.6800 894.1050 1,066.3030

NTT Docomo Oji Paper Pioneer Electric Sanyo Electronic Sekisui House Sumitomo Realty & Development TDK TOC Toppan Printing Toyko Electric Power Toyota Motor

ABN AMRO Aegon ASML Corio DSM Eurocommercial Properties ING Philips Electronics Rodamco Europe Royal Dutch Petroleum Vastned Offices/Industrial

2,507.3650 689.3218 605.0016 6,025.8099 63.2506 1,131.8962 2,890.0310 881.1597

1,669 0.00 1,669 0.00

Singapur 9,577.9480 17,077.6620 2,710.7400 2,349.3080 4,066.1100 6,325.0600

Allgreen Properties Capitaland Limited CapitaMall Trust City Development Keppel Land Wing Tai

4,625 13,480 1,914 7,026 3,190 2,651

0.01 0.02 0.00 0.01 0.00 0.00

32,886

0.04


26,228

0.03

26,228

0.03

13,982 14,803 11,919 8,462 25,148 6,514 15,513

0.02 0.02 0.02 0.01 0.03 0.01 0.02

Banco Santander Central Hispano Endesa Iberdrola Inmobiliaria Colonial Repsol Sociedad General de Aguas de Barcelona Telefonica de Espana

96,341

0.13

10,514 5,307 4,085 3,419 13,877

0.01 0.01 0.01 0.00 0.02

37,202

0.05

492.7512 7,744.1759 117.6907 246.7068 461.8880 885.5084 445.7941 2,561.9470 433.6740 1,219.8330 238.6929 286.4448 2,149.1700 2,220.8090 3,510.3110 3,343.2460 1,030.4726 1,355.3700 4,622.7770

Švédsko 367.5103 293.6635 180.7160 158.1265 1,144.9180

%

93,485 20,268 127,674 224,085 7,233 99,041 171,344 116,219

0.12 0.03 0.17 0.29 0.01 0.13 0.22 0.15

859,349

1.12

6,812 5,790 13,098 11,795 188,928 113,576 4,094 47,488 10,570 55,563 119,986 12,307 12,912 9,791 8,662 57,288 5,109 228,549 5,908 40,596 43,895 90 126,372 83,504 20,730 9,496 8,130 89,239 8,608 96,885 8,681 1,698 43,571 16,635 335,768 2,586

0.01 0.01 0.02 0.02 0.24 0.15 0.01 0.06 0.01 0.07 0.16 0.02 0.02 0.01 0.01 0.07 0.01 0.30 0.01 0.05 0.06 0.00 0.16 0.11 0.03 0.01 0.01 0.12 0.01 0.13 0.00 0.00 0.06 0.02 0.43 0.00

1,854,710

2.41

18,094 153,556 4,074 10,251 9,001 41,972 17,069 118,355 11,124 30,832 9,747 17,121 101,132 77,567 53,499 76,499 11,871 56,113 310,390

0.02 0.20 0.01 0.01 0.01 0.05 0.02 0.15 0.01 0.04 0.01 0.02 0.13 0.10 0.07 0.10 0.02 0.07 0.40

Spojené Státy

Španělsko 1,560.4450 968.1501 724.5562 406.6110 1,431.2965 486.1282 1,250.0250

Adecco CS Nestlé Novartis PSP Swiss Property Roche UBS Zurich Financial Services

1,174.6540 Ashtenne 148.4214 AstraZeneca Group 1,606.9385 Aviva 1,533.2907 B.A.A. 25,115.8950 Barclays 23,569.2310 BG 452.9470 Boots 6,584.9178 BP 835.6901 British American Tobacco 5,782.9120 British Land 12,178.6300 British Sky Broadcasting 4,660.9363 British Telecommunications 3,162.5300 Brixton 2,258.9500 Canary Wharf 722.8640 Derwent Valley 5,119.1940 Diageo 993.9380 Freeport 13,238.8872 GlaxoSmithkline 1,536.0860 Great Portland Estates 4,111.2890 Hammerson 3,672.3873 HSBC 21.9221 J. Sainsbury 30,159.5933 Kingfisher 5,150.4060 Land Securities 1,897.5180 Liberty International 1,174.6540 Pillar Property 1,355.3700 Quintain Estate & Development 4,114.9468 Reckitt Benckiser 988.7477 RMC 3,868.5060 Royal Bank of Scotland 1,531.1714 Scottish Power 451.7900 Shaftesbury 6,686.4920 Slough Estates 4,520.5949 Tesco 165,677.1588 Vodafone 108.4296 Workspace

Filipíny 18,071.6000 SM Prime Holdings

x EUR

Velká Británie

Nový Zéland 3,614.3200 Kiwi Income Property Trust

hodnota

Švýcarsko

Nizozemí 831.9813 8,829.5196 9,026.5140 451.7900 167.6281 537.6301 10,372.6838 5,737.4986 474.3795 2,707.9750 90.3580


AB Castellum Fastighets Tornet Kungsleden Skandinaviska Enskilda Banken

49

Abbott Laboratories Accenture Adobe Systems Air Products and Chemicals Albertsons Alexandria Real Estate Equities Allstate Altria Aluminium Company of America AMB Property American Express American International Amgen Apache Applied Materials Archstone-Smith Trust AT&T Services Avalonbay Communities Bank of America




Výkaz investic – Model Fund 2 30-04-2004 nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo obchodované na jiném regulovaném jinak trhu

hodnota

x EUR

%

12,223 25,413 96,040 44,360 20,036 59,013 7,898 22,035 28,341 19,686 13,139 93,594 31,736 12,823 46,777 6,279 46,465 8,073 38,986 156,323 306,627 206,128 9,100 12,788 24,235 203,151 10,749 90,621 53,320 16,442 48,684 15,556 9,829 8,813 68,678 28,460 38,820 76,486 16,909 197,554 13,155 136,982 14,998 12,095 9,402 34,995 12,106 127,157 81,637 81,226 12,269 25,996 14,319 15,410 6,464 82,841 110,527 127,755 40,983 9,309 30,243 246,256 156,229 120,858 77,452 98,353 36,141 13,338 13,600 55,571

0.02 0.03 0.12 0.06 0.03 0.08 0.01 0.03 0.04 0.03 0.02 0.12 0.04 0.02 0.06 0.01 0.06 0.01 0.05 0.20 0.40 0.27 0.01 0.02 0.03 0.26 0.01 0.12 0.07 0.02 0.06 0.02 0.01 0.01 0.09 0.04 0.05 0.10 0.02 0.26 0.02 0.18 0.02 0.02 0.01 0.05 0.02 0.16 0.11 0.11 0.02 0.03 0.02 0.02 0.01 0.11 0.14 0.17 0.05 0.01 0.04 0.32 0.20 0.16 0.10 0.13 0.05 0.02 0.02 0.07

Spojené státy – (pokračování) 502.8182 617.0649 2,779.5932 4,656.5350 930.5977 1,790.9750 163.6543 322.3755 722.8640 940.2011 481.6908 1,712.1721 1,765.4146 197.7628 1,115.9213 646.0597 772.5609 189.7518 510.7658 8,962.0389 7,643.5331 4,886.3306 266.6420 398.3735 1,427.6564 6,304.2320 383.7366 3,123.4604 1,951.7328 496.5925 2,001.4297 796.9456 644.2192 175.4433 3,270.9596 1,242.4225 763.5251 2,005.8920 302.8036 5,565.7804 229.4870 3,617.7695 459.8349 190.1463 192.9942 1,319.2268 167.4294 1,628.2138 3,267.5895 3,591.7305 310.1551 716.3900 489.0423 190.9411 198.6900 1,576.0580 2,937.1990 2,507.3650 2,055.6445 292.2068 1,840.3330 8,388.9269 2,901.3795 5,630.8254 1,718.4300 2,149.1700 1,152.2695 786.1146 249.0910 1,558.6755

Bank of New York Bank One Barr Pharmaceuticals BEA Systems Bellsouth Biomet Black & Decker BorgWarner Boston Properties Bristol Myers Squibb Burlington Northern Santa Fe Capital One Financial Catellus Development Caterpillar CBL & Associates Properties Cedar Shopping Centers CenterPoint Properties Chelsea Property Group Chevron Texaco Cisco Systems Citigroup Coca Cola Computer Sciences Constellation Energy Corporate Office Properties Trust CVS Dean Foods Dell Developers Divers Realty Dow Chemicals Duke Realty Corporations Edison Electronic Data Systems Emerson Electric Equity Office Properties Trust Equity Residential Properties Trust Essex Property Trust Estee Lauder Exelon Exxon Mobil Fannie Mae First Data First Energy Fortune Brands Freddie Mac Gables Residential Trust Gannett General Dynamics General Electric General Growth Properties General Motors Genzyme Georgia-Pacific Goldman Sachs GreenPoint Financial Guidant H&R Block Hartford Financial Services Health Care Property Investors Heinz H.J. Hewlett Packard Home Depot Ingersoll-Rand Intel Johnson & Johnson Johnson Controls JP Morgan Chase Keystone Property Trust Kimberley Clark Kimco Realty

hodnota

x EUR

%

15,462 24,795 104,063 18,484 5,912 135,999 26,455 114,625 20,387 146,940 31,214 9,899 16,521 17,279 44,414 12,835 79,836 126,866 127,737 9,822 33,443 14,139 297,464 11,151 110,594 48,453 107,660 41,264 8,899 23,717 20,155 11,214 86,122 22,757 7,797 59,103 22,607 12,014 138,317 58,785 13,987 125,953 50,005 23,054 19,223 137,471 9,744 106,794 33,667 7,608 11,519 100,103 104,314

0.02 0.02 0.13 0.02 0.01 0.18 0.03 0.15 0.03 0.19 0.03 0.01 0.02 0.02 0.06 0.02 0.10 0.16 0.17 0.01 0.04 0.02 0.39 0.01 0.14 0.06 0.14 0.05 0.01 0.03 0.03 0.01 0.11 0.03 0.01 0.08 0.03 0.02 0.18 0.08 0.02 0.16 0.06 0.03 0.02 0.18 0.01 0.14 0.04 0.01 0.00 0.13 0.14

Spojené státy – (pokračování) 252.5350 813.2220 2,779.5932 660.2469 290.6835 3,230.9189 674.7512 2,533.8448 708.3961 6,741.2299 921.6516 343.0714 385.3924 597.4608 1,432.7800 259.0255 2,027.6469 1,912.7613 13,611.4100 208.4258 912.6158 500.5663 9,971.8380 251.7402 1,253.6825 1,974.3223 2,937.1990 1,183.6898 330.6864 749.9714 970.3357 335.6536 2,141.4846 668.6492 137.3610 2,650.6430 987.2906 244.3887 1,922.2204 1,146.2240 653.9550 3,906.6095 1,188.2077 604.0838 1,000.6028 4,183.7158 411.2883 1,146.2240 714.8204 233.8581 233.2621 3,152.1160 3,223.7550

Lehman Brothers Holding Liberty Property Trust Lincoln National Marathon Oil MBNA Medtronic Merck Merrill Lynch Metlife Microsoft Mills Monsanto Morgan Stanley National City Noble Nucor Occidental Petroleum Omnicom Oracle Paccar Pan Pacific Retail Properties Penney (J.C.) Pfizer PNC Financial Services Procter & Gamble ProLogis Prudential Financial Public Storage Raytheon Regency Centers SBC Communication Sears Roebuck Simon Property Group SL Green Realty SunTrust Banks Synopsys Tyco Union Pacific United Technologies UnitedHealth Group US Bancorp Viacom Vornado Realty Trust Wachovia Walt Disney Washington Mutual Waste Management Wellpoint Health Networks Wells Fargo Wendy’s Weyerhaeuser Wyeth Yum ! Brands

8,146,766 10.53 AKCIE CELKEM

16,315,571 21.15

PRÁVA Nizozemí 90.3580 Vastned Offices Stock 08.04.04 - 25.05.04 167.1623 Vastned Retail Rights 08.04.04 - 25.05.04

PRÁVA CELKEM

50

53 284

0.00 0.00

337

0.00

337

0.00

Výkaz investic Model Fund 2 30-04-2004




hodnota

x EUR

% 190,984

Nizozemí

UZAVŘENÉ FONDY CELKEM

7,275 20,240

DEM 190,984

0.01 0.03

27,515.00

0.04

27,515.00

0.04

1,091,337 3,491,971 730,476 1,982,266

1.41 4.52 0.95 2.57

470,072 41,405 3,772,937 1,918,045 1,179,875 1,288,397 41,482 46,538 3,125,167

0.61 0.05 4.89 2.48 1.53 1.67 0.05 0.06 4.05

68,949 767,641 767,125 950,860 927,449 1,096,566 1,107,373

0.09 0.99 0.99 1.23 1.20 1.42 1.43

76,394 47,746 36,287 781,500 66,844

OBLIGACE Státní 1,090,519 3,380,417 668,444 1,814,348 468,900

4.250% 4.750% 6.250% 5.750% 3.375%

38,197 3,628,696 1,795,250 1,050,412 1,079,060 38,197 47,746 2,864,760 66,844

6.250% 4.500% 5.000% 5.750% 6.250% 5.500% 4.750% 6.000% 6.000%

763,936 572,952 882,346 916,723 1,002,666 954,920

4.250% 7.500% 5.250% 3.750% 5.400% 6.000%


76,394 DEM 381,968 NLG 381,968 152,787 390,750 66,844 DEM 133,689 32,467 95,492 143,238 156,300 47,746 NLG 1,367,625 124,140 219,632 105,041

24,865,931 32.19


7.125% 8.750% 8.250% 9.500% 3.250%

114,590 124,140 105,041

4.750% 6.125% 4.450%

33,422

6.988%

1,015,950

4.750%

66,844

5.125%

NLG 781,500

6.375%

57,295 59,205 22,918

4.750% 7.400% 6.250%

124,140 1,172,250

4.875% 5.625%

NLG NLG NLG

66,844

5.500%

143,238

6.342%

28,648 781,500

5.500% 4.500%

200,533

4.750%

Abbey National 00 - 28.09.2049 ABN AMRO Bank 84 - 01.06.2004 ABN AMRO Bank 85 - 01.06.2005 ABN AMRO Bank 90 - 15.04.2005 ABN AMRO Bouwfonds Nederland 03 - 03.06.2008 Aegon Funding II 01 - 28.02.2005 Allianz Finance 02 - 31.05.2022 Australia & New Zealand Banking 03 - 05.02.2015 Banca Intesa Capital Trust 01 12.07.2049 Banco Bilbao Vizcaya ARG 99 24.09.2004 Banco Santander Central Hispano Issuances 99 - 06.07.2009 Bank Nederlandse Gemeenten 96 04.01.2006 Bank of America 04 - 06.05.2019 Bank of Ireland 01 - 07.03.2011 Banque Cent de Tunisie 03 20.02.2013 Barclays Bank 03 - 31.03.2013 Bayerische Landesbank 00 06.07.2005 BBVA Capital Funding 01 04.07.2011 BNPParibas Capital Trust (PERP. 49) 02 - 24.01.2012 CIT 01 - 16.05.2005 Citibank Credit Card Trust 99 25.08.2004 Citigroup 04 - 10.02.2019

x EUR

%

201,011

0.26

101,384

0.13

86,451 51,468 38,285 782,672

0.11 0.07 0.05 1.01

70,852

0.09

84,492

0.11

208,382

0.27

184,345

0.24

170,627

0.22

392,528 68,419 75,705 35,180

0.51 0.09 0.10 0.05

96,075 155,621 163,482

0.12 0.20 0.21

51,150 625,473 140,073 241,309

0.07 0.81 0.18 0.31

113,618

0.15

36,434

0.05

391,844 134,145

0.51 0.17

87,093

0.11

854,198 68,245 40,580

1.11 0.09 0.05

31,336 134,903 38,481

0.04 0.17 0.05

68,178

0.09

268,082

0.35

544,817

0.71

351,890

0.46

89,711 503,395

0.12 0.65

296,330 149,429

0.38 0.19

39,923

0.05

68,824

0.09

56,108

0.07


UZAVŘENÉ FONDY 167.1623 VastNed Retail 316.2530 Wereldhave

hodnota

35,168

142,363 12,970 43,359 29,955

0.18 0.02 0.06 0.04

390,750

56,971 116,802 134,387

0.07 0.15 0.17

848,344

107,163

0.14

37,831

0.05

1,026,211

1.33

70,661

0.09

376,146 57,226 69,205

0.03 0.17

1,216,242

1.58

70,434

0.09

786,814 201,927

66,844 38,197 28,648 124,140 38,197 66,844 238,730

0.49 0.07 0.09

24,279 127,404

159,166 29,523

124,140 81,168

NLG 1,172,250 NLG 742,425 85,943 491,173 293,063 133,689 38,197

0.21 0.04

57,295

1.02 0.26

52,521

51

6.500% Cortp. Andina de Fomento 00 16.11.2005 5.250% Countrywide Home Loan 98 15.12.2005 6.625% Credit Suisse GP Finance 00 05.10.2010 5.750% Danske Bank 01 - 26.03.2011 5.125% Danske Bank 02 - 12.11.2012 4.750% Dekabank 98 - 25.05.2004 5.375% Deutsche Bank Finance 02 27.03.2012 6.875% Euroclear Finance (PERP) 00 04.10.2007 5.250% European Credit Card Office 98 18.06.2008 5.250% European Mortgage Securities 98 13.05.2008 6.500% Fortis Bank (PERP. 49) 01 26.09.2011 4.500% General Electric Capital 98 15.07.2004 4.125% Goldman Sachs 03 - 06.02.2008 6.250% Goldman Sachs 97 - 17.07.2009 6.250% Hannover Finance 01 - 14.03.2031 4.375% Holcim Finance Luxembourg 03 23.06.2010 5.875% Household Finance 01 - 31.03.2008 5.625% HSH N Finance 00 - 16.11.2005 6.375% Imperial Tobacco Finance 99 27.09.2006 7.125% ING 94 - 28.06.2004 6.500% ING 00 - 15.06.2010 6.250% ING Verzekeringen 01 - 21.06.2021 6.000% International Lease Finance 02 24.10.2007 4.500% KFW-Kredit Wiederaufbau 99 03.08.2006 3.500% KFW-Kredit Wiederaufbau 99 15.07.2004 6.125% Lehman Brothers 00 - 23.03.2007 5.625% Lloyds TSB (PERP.49) 99 15.07.2009 4.375% MBNA America European Structured Offerings 99 - 19.08.2004 5.125% Merrill Lynch 98 - 09.03.2005 5.250% Merrill Lynch 98 - 18.08.2008 6.125% Michelin Finance Luxembourg 02 16.04.2009 5.750% Morgan Stanley 02 - 01.04.2009 4.375% Morgan Stanley 03 - 14.01.2011 4.125% National Rural Utilities 99 24.02.2006 6.625% National Westminster Bank 99 05.10.2049 6.000% Nederlandse Waterschapsbank 94 10.01.2005 6.625% Nederlandse Waterschapsbank 95 17.01.2005 5.125% New York Life Funding 01 18.05.2006 5.250% Rabobank Ireland 00 - 10.03.2005 4.750% Rabobank Nederland 99 13.10.2004 6.467% RBS Capital Trust A 02 - 30.06.2012 4.875% Sabadell International Capital 02 05.12.2012 8.126% Sanpaolo Imi Capital 00 10.11.2010 5.625% Skandinaviska Enskilda 02 06.06.2012





hodnota

x EUR

%

143,997

0.18

14,324

120,079

0.16

28,648 38,197

76,828

0.10

39,900 39,811

0.05 0.05

x EUR

Finanční instituce (pokračování) 143,238 114,590 66,844 38,197 38,197

4.050% SLMA Student Loan 03 17.09.2010 5.500% Svenska Handelsbanken 01 07.03.2011 7.068% Union Bank of Norway 02 19.11.2012 5.375% Volkswagen Finance Service 02 25.01.2012 5.750% Zurich Finance 03 - 02.10.2023

19,098 133,689 105,041 38,197

Různé

57,295 66,844 38,197 76,394 114,590 NLG 381,968 DEM 190,984 34,377 23,873 76,394 143,238 152,787 38,197 57,295 57,295 25,783 47,746 14,324 76,394 71,619 95,492 9,549 71,619 38,197 124,140 95,492 45,836 190,984 38,197 38,197 133,689 343,771 34,377 99,312 781,500 57,295 38,197 28,648 66,844 66,844 267,378 57,295 38,197 190,984

7.000% Akzo Nobel 95 - 20.10.2005 5.500% Alcan 01 - 02.05.2006 5.875% Allied Domecq Finance 02 12.06.2009 4.250% Altadis Finance 03 - 02.10.2008 3.625% Anglo American Capital 03 05.06.2008 3.500% Auchan 03 - 22.07.2008 5.000% Aventis 01 - 18.04.2006 6.750% Axa 00 - 15.12.2020 6.125% Batavia Credit Card 97 - 15.12.2006 5.875% Batavia Credit Card 97 - 16.03.2009 6.000% Bayer 02 - 10.04.2012 6.625% Bes Finance 02 - 08.05.2049 4.797% Brisa Finance 03 - 26.09.2013 6.125% British Telecom 01 - 15.02.2006 5.750% CGNU 01 - 14.11.2021 4.875% Ciba Specialty Chemicals Finance Luxembourg 03 - 20.06.2018 7.047% Cl Capital Trust 1 02 - 29.04.2049 6.000% Compass Group 03 - 29.05.2009 6.875% Continental 01 - 05.12.2008 6.250% Danaher 00 - 26.07.2005 5.875% Deutsche Telekom 01 - 11.07.2006 8.125% Deutsche Telekom 02 - 29.05.2012 7.500% Deutsche Telekom 03 - 24.01.2033 5.750% E.On 02 - 29.05.2009 4.750% Elia System 04 - 13.05.2014 5.125% ENBW Finance 02 - 28.02.2007 6.000% Etab Econ Casino Guichard 01 06.03.2008 7.000% France Telecom 02 - 23.12.2009 8.125% France Telecom 03 - 28.01.2033 5.750% Gallaher Group 01 - 02.10.2006 5.125% General Electric Capital 02 20.06.2007 7.250% General Motors 03 - 03.07.2013 8.375% General Motors 03 - 05.07.2033 5.062% Generali Finance 99 - 28.05.2019 6.050% HBOS 01 - 23.11.2049 6.500% Hilton Group Finance 02 17.07.2009 5.500% Hutchison Whampoa Finance 99 16.03.2006 5.250% Hypothekenbank In Essen 97 05.07.2005 7.250% Koninklijke KPN 01 - 12.04.2006 5.750% Koninklijke Philips Electronic 01 16.05.2008 6.625% Liz Claiborne 01 - 07.08.2006 6.750% Munich Re Finance 03 - 21.06.2023 5.250% NGG Finance 01 - 23.08.2006 6.125% NGG Finance 01 - 23.08.2011 6.625% North West Water Finance 00 08.11.2007 6.125% OTE 00 - 07.02.2007 5.500% Pacific Life Funding 02 - 14.05.2009

%


13,710,202 17.76

NLG 152,787 66,844 38,197

hodnota

73,162 70,143

95,492 28,648

0.09 0.09

41,388 58,286

0.05 0.08

66,560 38,078 79,598 129,218 185,757 107,113 37,440 26,501 77,520 151,589 163,276

0.09 0.05 0.10 0.17 0.24 0.14 0.05 0.03 0.10 0.20 0.21

37,356 66,175 62,606 28,950 49,790 15,286 93,907 86,720 104,225 9,544 75,332

0.05 0.09 0.08 0.04 0.06 0.02 0.12 0.11 0.14 0.01 0.10

41,203 141,594 122,717 48,463

0.05 0.18 0.16 0.06

202,243 42,074 43,134 139,818 376,515

0.26 0.05 0.06 0.18 0.49

38,013

0.05

103,185

0.13

807,680 61,885

1.05 0.08

41,159 30,619 74,267 70,103 294,623

0.05 0.04 0.10 0.09 0.38

63,234 40,949 203,570

0.08 0.05 0.26

143,238 57,295 72,574 66,844 76,394 47,746 162,336 49,656 72,574 19,098 47,746 152,787 133,689 57,295 28,648 76,394 190,984 57,295 38,197 114,590 NLG 210,082 51,566

7.750% Pemex Project Funding Master 00 02.08.2007 15,841 6.375% Petronas Capital 02 - 22.05.2009 31,378 5.000% Pinault-Printemps-Redoute 03 23.01.2009 38,690 6.125% Polo Ralph Lauren 99 - 22.11.2006 20,308 5.750% Portugal Telecom International Finance 01 - 21.02.2006 140,560 5.750% Prudential 01 - 19.12.2021 111,559 6.250% Public and Broadcast Finance 99 01.11.2006 40,408 5.500% RWE Finance 02 - 26.10.2007 102,315 5.125% Saint-Gobain Nederland 99 09.07.2008 30,206 4.625% Sara Lee 99 - 29.07.2004 144,032 5.375% SCA Coordination Centre 02 25.06.2007 60,721 6.375% SL Finance 02 - 12.07.2022 78,449 3.250% SLM 03 - 25.07.2008 65,731 5.875% Sodexho Alliance 02 - 25.03.2009 81,860 7.000% SOGERIM 01 - 20.04.2011 54,707 8.160% Standard Chartered Capital Trust 00 - 23.03.2049 193,312 6.125% Swedish Match 99 - 01.10.2006 53,013 5.500% Syngenta Lux Finance 01 - 10.07.2006 76,475 5.875% Tele Danmark 01 - 24.04.2006 20,166 7.750% Telecom Italia 03 - 24.01.2033 58,274 5.375% Telecom Italia 04 - 29.01.2019 149,823 5.125% Telefonica Europe 01 30.10.2006 140,587 6.375% Telstra 01 - 29.06.2011 64,460 5.250% Tesco 02 - 07.05.2008 30,588 6.500% TPSA Eurofinance 00 - 13.03.2007 82,864 5.650% Travel Insurance 02 - 21.06.2012 207,094 5.875% Veolia Environnement 98 27.06.2008 62,016 6.750% VNU 01 - 29.10.2008 42,490 5.750% Vodafone 99 - 27.10.2006 122,050 6.250% Wolters Kluwer 97 - 11.06.2007 100,876 6.000% WPP 01 - 18.06.2008 55,825 7,399,246

OBLIGACE CELKEM

0.02 0.04 0.05 0.03 0.18 0.14 0.05 0.13 0.04 0.19 0.08 0.10 0.09 0.11 0.07 0.25 0.07 0.10 0.03 0.08 0.19 0.18 0.08 0.04 0.11 0.27 0.08 0.06 0.16 0.13 0.07 9.58

45,975,379 59.53

DLUHOPISY S POHYBLIVOU ÚROKOVOU SAZBOU Finanční instituce 976,875 781,500 390,750 390,750 390,750 390,750 284,599 586,125 781,500 390,750 586,125 390,750 781,500 859,650 222,351 390,750

52

AB Spintab 04 - 27.07.2005 Abbey National Treasury Service 03 27.11.2006 ABN AMRO Bouwfonds Netherland 02 - 06.02.2007 Australia & New Zealand Banking Group 03 - 23.06.2006 Bank Austria 01 - 20.11.2006 Bank of Scotland 99 - 02.07.2004 Berica MBS SRL 02 A1 - 25.02.2032 BPE Finance 02 - 11.06.2004 Citigroup Global Markets 03 08.08.2008 Caisse Nationale de Credit Agricole 01 - 14.06.2004 Caisse Nationale de Credit Agricole 00 - 11.07.2007 Danske Bank 04 - 18.08.2006 Deutsche Finance 00 - 11.05.2005 Euroclear Finance 00 - 04.10.2010 Europa 1 A2 00 - 15.12.2036 Geldilux 01 - 13.06.2005

978,731

1.27

781,206

1.01

391,121

0.50

390,649 391,395 390,755 284,997 586,127

0.50 0.50 0.50 0.37 0.76

782,206

1.01

390,768

0.51

586,648 390,547 781,500 860,792 222,129 390,750

0.76 0.51 1.01 1.12 0.29 0.51





hodnota

x EUR

%

390,750 390,750 781,500 390,750 190,984 976,875 1,172,250 95,492

General Electric Capital 01 08.01.2007 General Electric Capital Euro Funding 03 - 05.12.2006 Italease Finance 03 - 14.12.2012 Kommunalkredit 99 - 14.09.2007 PMI Uno Finance 04 - 20.07.2012 SAECURE 2000-I A2 97 25.11.2007 SCIP 2 A1 02 - 26.04.2006 Unicredito Italiano 03 - 23.10.2008 Unicredito Italy Capital Trust 00 29.10.2049

391,336

0.51

390,696 390,750 780,982 390,750

0.51 0.51 1.01 0.51

224,514 976,973 1,172,836

0.29 1.27 1.52

114,696

0.15

13,433,854 17.41

INVESTICE

75,752,656 98.13

ČISTÁ AKTIVA CELKEM

%

110,186 90,321 71,948 142,652 83,807 92,303 49,270 20,834 128,454 269,571

0.07 0.06 0.05 0.10 0.06 0.06 0.03 0.01 0.09 0.18

1,059,346

0.71

50,523 37,698 28,735 43,808

0.03 0.03 0.02 0.03

160,764

0.11

34,296 16,308

0.02 0.01

50,604

0.03

219,140 197,786 22,137 152,096

0.15 0.13 0.01 0.10

591,159

0.39

45,138 53,928

0.03 0.04

99,066

0.07

51,921 47,001 21,219

0.03 0.03 0.01

120,141

0.07

180,339 443,324 29,792 86,294 31,139 54,300 515,160 31,687 96,894 64,056 63,422 698,208 58,031

0.12 0.30 0.02 0.06 0.02 0.04 0.35 0.02 0.07 0.04 0.04 0.47 0.04

22,388 195,977 44,271 851,146 193,336 38,210 58,521 51,803

0.02 0.13 0.03 0.57 0.13 0.03 0.04 0.03

3,808,298

2.57

Austrálie 45,954.3920 109,433.7640 104,760.4360 78,667.6880 75,195.4053 92,298.2280 19,472.2000 31,155.5200 41,242.1196 110,212.6520

13,433,854 17.41 DLUHOPISY S POHYBL. ÚROK. SAZBOU CELKEM

LIKVIDNÍ AKTIVA

x EUR AKCIE

Finanční instituce (pokračování) 390,750

hodnota

1,443,900


Rakousko 1,067.0063 817.7426 188.4256 1,206.1703

1.87


77,196,556 100.00

Belgie 846.8069 Delhaize Group 486.8050 Warehouses De Pauw

Kanada 22,938.2516 8,528.8236 1,445.3353 17,057.6472


Dánsko 2,407.9070 Danske Bank 1,901.9904 TDC

Finsko 5,553.0139 Fortum 4,003.4902 Nokia 3,310.2740 Sponda

Francie 3,729.8380 25,231.7673 1,168.3320 1,722.4318 629.0706 1,289.1761 25,032.0189 1,501.7399 1,557.7760 1,246.2208 1,415.0395 11,216.1557 834.9841 408.9162 10,656.6800 2,647.8110 5,516.1554 2,453.4972 1,721.9392 720.6972 2,468.0062

53






hodnota

x EUR

%

231,001 37,796 277,909 62,578 535,437 311,113 422,006 42,155 27,432 808,845 198,602 481,551

0.16 0.03 0.19 0.04 0.36 0.21 0.28 0.03 0.02 0.55 0.13 0.32

Japonsko (pokračování)

3,436,425

2.32

Nizozemí

Německo 2,397.7530 1,662.8253 7,726.0930 1,673.6629 7,788.1369 16,917.4795 29,305.8700 1,058.3855 3,004.5605 6,394.0080 4,529.0890 7,992.5100


15,452.1860 8,374.4720 3,448.3120 15,967.2040 812.8164 12,851.6520 3,940.9280 3,325.1580 3,965.5588

3,094.1211 32,836.0630 33,568.5420 1,947.2200 623.4055 2,317.1918 38,574.8917 21,337.1307 2,044.5810 10,070.6804 389.4440


52,956

0.04

52,956

0.04

35,249 36,032 145,778 149,498 27,402 86,511 36,445 35,424 513,472 13,913 124,786

0.02 0.02 0.10 0.11 0.02 0.06 0.02 0.02 0.35 0.01 0.08

1,204,510

0.81

Hong Kong 30,376.6320 31,934.4080 38,944.4000 103,592.1040 19,861.6440 71,268.2520 54,522.1600 70,099.9200 71,657.6960 51,017.1640 54,522.1600

Hang Lung Development Hang Lung Properties Henderson Land Development Hong Kong Land Hysan Development Kerry Properties New World Development Sino Land Company Sun Hung Kai Properties Tai Cheung Wharf

Pioneer Electric Sanyo Electronic Sekisui House Sumitomo Realty & Development TDK TOC Toppan Printing Toyko Electric Power Toyota Motor


43,599

0.03

43,599

0.03

15,577.7600 Kiwi Income Property Trust


13,669 54,997 746,714 43,244 48,822 308,162

0.01 0.04 0.50 0.03 0.03 0.21

1,215,608

0.82

77,888.8000 SM Prime Holdings

Canon Dai Nippon Printing Daibiru Eisai Fuji Photo Film Honda Motor Hoya Japan Real Estate Investment Japan Retail Fund Investment Kawasaki Heavy Industries Kikkoman Kirin Brewery Matsushita Electric Industrial Mitsubishi Estate Mitsui Fudosan NEC NEC Electronics Nippon Building Fund Nissan Motor NTT Docomo Oji Paper

652,981 502,123 94,812 35,703 33,048 50,313 372,709 80,862 96,838 42,164 42,503 50,922 48,289 722,243 454,250 185,080 328,604 88,118 447,564 434,425 50,030

367,936 31,652 30,497 149,544 48,416 97,050 38,637 59,445 119,604

0.25 0.02 0.02 0.10 0.03 0.07 0.03 0.04 0.08

5,756,362

3.87

56,127 358,571 445,792 65,329 24,924 54,454 689,721 484,781 98,876 408,568 7,921

0.04 0.24 0.30 0.04 0.02 0.04 0.47 0.33 0.07 0.28 0.01

2,695,064

1.84

8,616

0.01

8,616

0.01

7,194

0.00

7,194

0.00

19,935 58,099 8,248 30,282 13,747 11,427

0.01 0.04 0.01 0.02 0.01 0.01

141,738

0.10

Singapur 41,281.0640 73,604.9160 11,683.3200 10,125.5440 17,524.9800 27,261.0800



Japonsko 14,919.3520 39,681.0240 16,746.0920 1,674.8944 1,231.5400 1,502.4788 4,129.4635 14.0200 17.5250 33,005.2720 6,404.0080 6,157.7000 3,940.9280 73,215.4720 49,459.3880 28,240.2020 5,594.7570 14.4094 48,176.1500 262.4207 9,606.0120

%

Filipíny

Itálie 3,894.4400 89,572.1200 44,027.8379 4,138.2207 25,101.4946 64,739.3310

x EUR

Nový Zéland

Irsko 3,340.9217 Irish Life & Permanent

hodnota

97,542

0.07

97,542

0.07

51,997 55,052 44,326 93,524

0.04 0.04 0.03 0.06

24,226 57,692

0.02 0.04

326,817

0.23

39,102 22,873 17,605 36,469 14,735 51,609

0.03 0.02 0.01 0.02 0.01 0.03

182,393

0.12

Španělsko

0.44 0.34 0.06 0.02 0.02 0.03 0.25 0.05 0.07 0.03 0.03 0.03 0.03 0.49 0.31 0.12 0.22 0.06 0.31 0.29 0.03

5,803.2628 3,600.5303 2,694.6095 5,322.9622 1,807.9007

Banco Santander Central Hispano Endesa Iberdrola Repsol Sociedad General de Aguas de Barcelona 4,648.8172 Telefonica de Espana

Švédsko 1,366.7631 1,265.6930 778.8880 1,752.4980 681.5270 4,257.9264

54

AB Castellum Fastighets Tornet Inmobiliaria Colonial Kungsleden Skandinaviska Enskilda Banken





hodnota

x EUR

%


347,660 75,376 474,805 833,351 31,176 368,324 637,211 432,208

0.23 0.05 0.32 0.56 0.02 0.26 0.43 0.29

3,200,111

2.16

29,358 21,532 48,711 43,864 702,606 422,377 15,225 176,606 39,309 239,475 446,215 45,771 55,652 42,200 37,332 213,050 22,022 849,949 25,464 174,970 163,245 336 469,965 359,904 89,345 40,929 35,042 331,871 32,012 360,305 32,284 7,317 187,793 61,864 1,248,688 11,148

0.02 0.01 0.03 0.03 0.47 0.28 0.01 0.12 0.03 0.16 0.30 0.03 0.04 0.03 0.03 0.14 0.01 0.57 0.02 0.12 0.11 0.00 0.32 0.24 0.06 0.03 0.02 0.22 0.02 0.24 0.03 0.00 0.13 0.04 0.84 0.01

7,083,736

4.76

67,292 571,057 15,152 38,123 33,473 180,898 63,479 440,152 41,371 132,887 36,247 63,671 376,099 288,463 198,956 329,712 44,148 241,848 1,154,311

0.05 0.38 0.01 0.03 0.02 0.12 0.04 0.30 0.03 0.09 0.02 0.04 0.25 0.19 0.13 0.22 0.03 0.16 0.78

1,869.9703 2,294.8516 10,336.9796 17,317.1050 3,460.8737 6,660.4250 608.6271 1,198.8765 3,115.5520 3,496.5884 1,791.3981 6,367.3663 7,608.9569 735.4757 4,809.6334 2,784.5246 3,329.7462 817.8324 1,899.5273 33,328.7667 28,425.5918 18,171.7240 991.6360 1,481.5426 6,153.2152 23,444.6960 1,427.1086 11,615.7812 8,411.9904 1,846.8174 8,626.1846 2,963.8242 2,395.8379 652.4699 14,097.8728 5,354.8550 3,290.8018 7,459.6760 1,126.1202 20,698.7048 853.4572 13,454.0585 1,710.1164 707.1503 717.7415 5,685.8824 622.6666 6,055.1508 12,152.0978 15,480.3990 1,153.4604 2,664.1700 1,818.7383 710.1060 738.9240 5,861.1740 10,923.0970 9,324.5950 8,859.8510 1,086.7109 6,844.1604 31,197.4307 10,789.8885 20,940.3762 6,390.6664 7,992.5100 4,285.2666 3,388.1628 926.3644 6,717.9090

Velká Británie 5,062.7720 551.9762 5,976.1710 5,702.2765 93,403.3711 87,651.1930 1,684.5004 24,489.1729 3,107.9143 24,924.4160 45,290.8900 17,333.9255 13,630.5400 9,736.1000 3,115.5520 19,037.7798 4,283.8840 49,233.8616 6,620.5480 17,719.7020 13,657.5323 81.5279 112,160.1755 22,198.3080 8,178.3240 5,062.7720 5,841.6600 15,303.0596 3,677.1321 14,386.5180 5,694.3947 1,947.2200 28,818.8560 16,811.9988 616,134.7137 467.3328

Ashtenne AstraZeneca Group Aviva B.A.A. Barclays BG Boots BP British American Tobacco British Land British Sky Broadcasting British Telecommunications Brixton Canary Wharf Derwent Valley Diageo Freeport GlaxoSmithkline Great Portland Estates Hammerson HSBC J. Sainsbury Kingfisher Land Securities Liberty International Pillar Property Quintain Estate & Development Reckitt Benckiser RMC Royal Bank of Scotland Scottish Power Shaftesbury Slough Estates Tesco Vodafone Workspace

Spojené státy 1,832.5315 28,799.6777 437.6893 917.4973 1,717.7520 3,816.5512 1,657.8991 9,527.6671 1,612.8248 5,257.4940 887.6940 1,065.2821 7,992.5100 8,258.9270 13,054.4330 14,409.4280 3,832.3062 5,841.6600 17,191.6500

x EUR

%

45,455 94,510 357,165 164,970 74,514 219,464 29,371 81,948 122,150 73,212 48,865 348,067 136,784 47,689 201,609 27,061 200,266 34,793 144,987 581,349 1,140,321 766,571 33,841 47,557 104,455 755,496 39,976 337,009 229,812 61,146 209,830 57,854 36,554 32,777 296,005 122,662 167,316 284,441 62,883 734,691 48,925 509,421 55,778 44,979 34,966 150,830 45,023 472,887 303,606 350,085 45,627 96,675 53,252 57,311 24,040 308,074 411,037 475,107 176,639 34,620 112,473 915,802 581,001 449,456 288,035 365,765 134,409 57,488 50,577 239,514

0.03 0.06 0.24 0.11 0.05 0.15 0.02 0.06 0.08 0.05 0.03 0.23 0.09 0.03 0.14 0.02 0.13 0.02 0.10 0.39 0.77 0.52 0.02 0.03 0.07 0.51 0.03 0.23 0.15 0.04 0.14 0.04 0.02 0.02 0.20 0.08 0.11 0.19 0.04 0.50 0.03 0.34 0.04 0.03 0.02 0.10 0.03 0.32 0.20 0.24 0.03 0.07 0.04 0.04 0.02 0.21 0.28 0.32 0.12 0.02 0.08 0.62 0.39 0.30 0.19 0.25 0.09 0.04 0.03 0.16

Spojené státy (pokračování)

Švýcarsko 9,324.5950 2,563.5737 2,249.9388 22,409.3204 272.6108 4,209.3886 10,747.7185 3,276.9291

hodnota


55






hodnota

x EUR

%

57,505 106,865 387,000 68,741 21,986 505,766 98,385 426,283 75,819 546,455 134,534 36,815 61,442 64,261 165,169 47,733 296,902 471,800 475,041 36,527 144,142 52,582 1,106,239 41,470 411,286 208,834 400,377 177,849 33,095 102,221 74,956 41,704 371,187 98,084 28,999 219,799 84,076 44,679 514,387 218,614 52,018 468,409 215,523 85,738 71,489 511,241 36,237 397,154 125,205 28,295 42,840 372,273 387,934

0.04 0.07 0.26 0.05 0.01 0.34 0.07 0.29 0.05 0.37 0.09 0.02 0.04 0.04 0.11 0.03 0.20 0.32 0.32 0.02 0.10 0.04 0.75 0.03 0.28 0.14 0.27 0.12 0.02 0.07 0.05 0.03 0.25 0.07 0.02 0.15 0.06 0.03 0.35 0.15 0.04 0.31 0.15 0.06 0.05 0.34 0.02 0.27 0.08 0.02 0.03 0.25 0.26


720.4714 VastNed Retail 1,363.0540 Wereldhave UZAVŘENÉ FONDY CELKEM

0.02 0.06

118,590

0.08

118,590

0.08

2,091,662 6,692,730 1,400,034 3,799,222

1.41 4.51 0.94 2.56

248,528 79,358 7,231,231 3,676,135 2,261,356 2,469,349 79,504 89,195 5,989,712

0.17 0.05 4.87 2.48 1.52 1.66 0.05 0.06 4.04

132,149 1,471,265 1,470,277 1,822,424 1,777,554 2,101,684 2,122,397

0.09 0.99 0.99 1.23 1.20 1.42 1.43

Státní 2,090,094 6,478,926 1,281,144 3,477,390 247,908

4.250% 4.750% 6.250% 5.750% 3.375%

73,208 6,954,779 3,440,785 2,013,226 2,068,132 73,208 91,510 5,490,615 128,114

6.250% 4.500% 5.000% 5.750% 6.250% 5.500% 4.750% 6.000% 6.000%

1,464,164 1,098,123 1,691,109 1,756,997 1,921,715 1,830,205

4.250% 7.500% 5.250% 3.750% 5.400% 6.000%


47,005,766 31.67


7.125% 8.750% 8.250% 9.500% 3.250%

219,625 237,927 201,323

4.750% 6.125% 4.450%

64,057

6.988%

537,134

4.750%

128,114

5.125%

NLG 413,180

6.375%

109,812 113,473 43,925

4.750% 7.400% 6.250%

237,927 619,770

4.875% 5.625%

NLG NLG NLG

62,362,181 42.01

Nizozemí

PRÁVA CELKEM

31,355 87,235

OBLIGACE

PRÁVA 389.4440 Vastned Offices Stock 08.04.04 25.05.04 720.4714 Vastned Retail Rights 08.04.04 25.05.04

%

Nizozemí

31,020,132 20.88 AKCIE CELKEM

x EUR UZAVŘENÉ FONDY

Spojené státy (pokračování) 939.1724 3,504.9960 10,336.9796 2,455.4445 1,081.0458 12,015.4067 2,509.3859 9,423.1110 2,634.5104 25,069.8397 3,972.3288 1,275.8754 1,433.2663 2,221.9445 5,328.3400 963.3106 7,540.6343 7,113.3339 50,619.2300 775.1313 3,933.3844 1,861.5959 37,084.1474 936.2167 4,662.2975 8,509.3514 10,923.0970 5,101.7164 1,229.8158 3,232.3852 3,608.6585 1,248.2889 9,229.8228 2,881.8856 510.8428 9,857.4290 3,671.7134 908.8765 7,148.5377 4,262.6720 2,432.0452 14,528.2518 5,121.1886 2,246.5753 3,721.2213 15,558.8045 1,529.5727 4,262.6720 2,658.4022 869.7135 867.4968 11,722.3480 11,988.7650

hodnota

230

0.00

128,114

5.500%

1,225

0.00

274,531

6.342%

1,455

0.00

54,906 413,180

5.500% 4.500%

1,455

0.00 384,343

4.750%

56

Abbey National 00 - 28.09.2049 ABN AMRO Bank 84 - 01.06.2004 ABN AMRO Bank 85 - 01.06.2005 ABN AMRO Bank 90 - 15.04.2005 ABN AMRO Bouwfonds Nederland 03 - 03.06.2008 Aegon Funding II 01 - 28.02.2005 Allianz Finance 02 - 31.05.2022 Australia & New Zealand Banking 03 - 05.02.2015 Banca Intesa Capital Trust 01 12.07.2049 Banco Bilbao Vizcaya ARG 99 24.09.2004 Banco Santander Central Hispano Issuances 99 - 06.07.2009 Bank Nederlandse Gemeenten 96 04.01.2006 Bank of America 04 - 06.05.2019 Bank of Ireland 01 - 07.03.2011 Banque Cent de Tunisie 03 20.02.2013 Barclays Bank 03 - 31.03.2013 Bayerische Landesbank 00 06.07.2005 BBVA Capital Funding 01 04.07.2011 BNPParibas Capital Trust (PERP. 49) 02 - 24.01.2012 CIT 01 - 16.05.2005 Citibank Credit Card Trust 99 25.08.2004 Citigroup 04 - 10.02.2019

272,854 6,857 22,924 15,837

0.18 0.00 0.02 0.01

109,192 223,863 257,567

0.07 0.15 0.17

205,389

0.14

72,506

0.05

542,559

0.37

135,430

0.09

198,869 109,681 132,638

0.13 0.07 0.09

46,534 244,184

0.03 0.16

643,029

0.43

134,994

0.09

305,059 56,584

0.21 0.04

415,990 387,014

0.28 0.26





hodnota

x EUR

DEM 366,041 146,416 91,510 69,548 413,180 128,114 146,416 DEM 732,082 NLG 732,082 292,833 206,590 128,114 DEM 256,229 62,227 183,021 274,531 82,636 91,510 NLG 723,065 237,927 420,947 201,323 18,593 206,590 237,927 155,567 541,294 128,114 73,208 54,906 237,927 73,208 128,114 457,551 NLG 619,770 NLG 392,521 164,718 259,684 154,943 256,229 73,208 109,812 100,661 274,531

6.500% Cortp. Andina de Fomento 00 16.11.2005 5.250% Countrywide Home Loan 98 15.12.2005 6.625% Credit Suisse GP Finance 00 05.10.2010 5.750% Danske Bank 01 - 26.03.2011 5.125% Danske Bank 02 - 12.11.2012 4.750% Dekabank 98 - 25.05.2004 5.375% Deutsche Bank Finance 02 27.03.2012 6.875% Euroclear Finance (PERP) 00 04.10.2007 5.250% European Credit Card Office 98 18.06.2008 5.250% European Mortgage Securities 98 13.05.2008 6.500% Fortis Bank (PERP. 49) 01 26.09.2011 4.500% General Electric Capital 98 15.07.2004 4.125% Goldman Sachs 03 - 06.02.2008 6.250% Goldman Sachs 97 - 17.07.2009 6.250% Hannover Finance 01 - 14.03.2031 4.375% Holcim Finance Luxembourg 03 23.06.2010 5.875% Household Finance 01 - 31.03.2008 5.625% HSH N Finance 00 - 16.11.2005 6.375% Imperial Tobacco Finance 99 27.09.2006 7.125% ING 94 - 28.06.2004 6.500% ING 00 - 15.06.2010 6.250% ING Verzekeringen 01 - 21.06.2021 6.000% International Lease Finance 02 24.10.2007 4.500% KFW-Kredit Wiederaufbau 99 03.08.2006 3.500% KFW-Kredit Wiederaufbau 99 15.07.2004 6.125% Lehman Brothers 00 - 23.03.2007 5.625% Lloyds TSB (PERP.49) 99 15.07.2009 4.375% MBNA America European Structured Offerings 99 - 9.08.2004 5.125% Merrill Lynch 98 - 09.03.2005 5.250% Merrill Lynch 98 - 18.08.2008 6.125% Michelin Finance Luxembourg 02 16.04.2009 5.750% Morgan Stanley 02 - 01.04.2009 4.375% Morgan Stanley 03 - 14.01.2011 4.125% National Rural Utilities 99 24.02.2006 6.625% National Westminster Bank 9905.10.2049 6.000% Nederlandse Waterschapsbank 94 10.01.2005 6.625% Nederlandse Waterschapsbank 95 17.01.2005 5.125% New York Life Funding 01 18.05.2006 5.250% Rabobank Ireland 00 - 10.03.2005 4.750% Rabobank Nederland 99 - 13.10.2004 6.467% RBS Capital Trust A 02 - 30.06.2012 4.875% Sabadell International Capital 02 05.12.2012 8.126% Sanpaolo Imi Capital 00 - 10.11.2010 5.625% Skandinaviska Enskilda 02 06.06.2012 4.050% SLMA Student Loan 03 - 17.09.2010

x EUR

%

230,145

0.16

147,248

0.10

76,473 76,301

0.05 0.05

14,663,822

9.88

7.000% Akzo Nobel 95 - 20.10.2005 140,223 5.500% Alcan 01 - 02.05.2006 134,437 5.875% Allied Domecq Finance 02 12.06.2009 79,325 4.250% Altadis Finance 03 - 02.10.2008 111,712 3.625% Anglo American Capital 03 05.06.2008 127,570 3.500% Auchan 03 - 22.07.2008 72,981 5.000% Aventis 01 - 18.04.2006 152,559 6.750% Axa 00 - 15.12.2020 247,660 6.125% Batavia Credit Card 97 - 15.12.2006 356,023 5.875% Batavia Credit Card 97 - 16.03.2009 205,294 6.000% Bayer 02 - 10.04.2012 71,758 6.625% Bes Finance 02 - 08.05.2049 50,793 4.797% Brisa Finance 03 - 26.09.2013 148,576 6.125% British Telecom 01 - 15.02.2006 290,536 5.750% CGNU 01 - 14.11.2021 312,936 4.875% Ciba Specialty Chemicals Finance Luxembourg 03 - 20.06.2018 71,598 7.047% Cl Capital Trust 1 02 - 29.04.2049 126,832 6.000% Compass Group 03 - 29.05.2009 119,992 6.875% Continental 01 - 05.12.2008 55,486 6.250% Danaher 00 - 26.07.2005 95,427 5.875% Deutsche Telekom 01 - 11.07.2006 29,297 8.125% Deutsche Telekom 02 - 29.05.2012 179,982 7.500% Deutsche Telekom 03 - 24.01.2033 166,208 5.750% E.On 02 - 29.05.2009 199,758 4.750% Elia System 04 - 13.05.2014 18,293 5.125% ENBW Finance 02 - 28.02.2007 144,383 6.000% Etab Econ Casino Guichard 01 06.03.2008 78,970 7.000% France Telecom 02 - 23.12.2009 271,379 8.125% France Telecom 03 - 28.01.2033 235,200 5.750% Gallaher Group 01 - 02.10.2006 92,884 5.125% General Electric Capital 02 20.06.2007 387,619 7.250% General Motors 03 - 03.07.2013 80,639 8.375% General Motors 03 - 05.07.2033 82,670 5.062% Generali Finance 99 - 28.05.2019 267,977 6.050% HBOS 01 - 23.11.2049 721,632 6.500% Hilton Group Finance 02 - 17.07.2009 72,855 5.500% Hutchison Whampoa Finance 99 16.03.2006 197,765 5.250% Hypothekenbank In Essen 97 05.07.2005 427,022 7.250% Koninklijke KPN 01 - 12.04.2006 118,608 5.750% Koninklijke Philips Electronic 01 16.05.2008 78,885 6.625% Liz Claiborne 01 - 07.08.2006 58,684 6.750% Munich Re Finance 03 - 21.06.2023 142,341 5.250% NGG Finance 01 - 23.08.2006 134,360 6.125% NGG Finance 01 - 23.08.2011 564,677 6.625% North West Water Finance 00 08.11.2007 121,194 6.125% OTE 00 - 07.02.2007 78,483 5.500% Pacific Life Funding 02 - 14.05.2009 390,163 7.750% Pemex Project Funding Master 00 02.08.2007 30,360 6.375% Petronas Capital 02 - 22.05.2009 60,139

0.09 0.09

% Finanční instituce (pokračování)

Finanční instituce(pokračování) 366,041

hodnota

219,625 385,258

0.26

194,312

0.13

165,692 98,643 73,376 413,800

0.11 0.07 0.05 0.28

135,795

0.09

161,938

0.11

399,386

0.27

353,317

0.24

327,024

0.22

207,530 131,131 145,098 67,426

0.14 0.09 0.10 0.05

184,137 298,264 86,433

0.12 0.20 0.06

98,035 330,688 268,465 462,495

0.07 0.22 0.18 0.31

217,761

0.15

19,262

0.01

207,168 257,104

0.14 0.17

166,924

0.11

545,029 130,798 77,776

0.37 0.09 0.05

128,114 73,208 73,208

Různé NLG 292,833 128,114 73,208 109,812 128,114 73,208 146,416 219,625 NLG 732,082 DEM 366,041 65,887 45,755 146,416 274,531 292,833 73,208 109,812 109,812 49,416 91,510 27,453 146,416 137,265 183,021 18,302 137,265 73,208 237,927 183,021 87,850 366,041

60,059 258,555 73,754

0.04 0.17 0.05

130,670

0.09

73,208 73,208 256,229 658,874 65,887 190,341

513,807

0.35

413,180

288,045

0.19

186,045

0.13

109,812 73,208

171,941 266,146 156,670 286,397

0.12 0.18 0.11 0.19

76,517 131,908

0.05 0.09

107,536 275,986

0.07 0.19

5.500% Svenska Handelsbanken 01 07.03.2011 7.068% Union Bank of Norway 02 19.11.2012 5.375% Volkswagen Finance Service 02 25.01.2012 5.750% Zurich Finance 03 - 02.10.2023

54,906 128,114 128,114 512,457 109,812 73,208 366,041 27,453 54,906

57

0.05 0.08 0.09 0.05 0.10 0.17 0.24 0.14 0.05 0.03 0.10 0.20 0.21 0.05 0.09 0.08 0.04 0.06 0.02 0.12 0.11 0.13 0.01 0.10 0.05 0.18 0.16 0.06 0.26 0.05 0.06 0.18 0.49 0.05 0.13 0.29 0.08 0.05 0.04 0.10 0.09 0.38 0.08 0.05 0.26 0.02 0.04





hodnota

x EUR

%

x EUR

Různé (pokračování) 73,208 36,604 256,229 201,323 73,208 183,021 54,906 274,531 109,812 139,096 128,114 146,416 91,510 311,135 95,171 139,096 36,604 91,510 292,833 256,229 109,812 54,906 146,416 366,041 109,812 73,208 219,625 NLG 402,645 98,831

206,590 74,153 38,923

0.05 0.03

269,399 213,815

0.18 0.14

77,447 196,097

0.05 0.13

57,893 276,053

0.04 0.19

116,379 150,355 125,981 156,892 104,852

0.08 0.10 0.08 0.11 0.07

370,502 101,604

0.25 0.07

146,572 38,650 111,688 287,152 269,450 123,544 58,626 158,818 396,917

0.10 0.03 0.08 0.19 0.18 0.08 0.04 0.11 0.27

118,861 81,437 233,922 193,339 106,995

0.08 0.05 0.16 0.13 0.07

13,060,461

8.79

206,590 413,180 206,590 366,041 516,475 619,770 183,021

INVESTICE LIKVIDNÍ AKTIVA ČISTÁ AKTIVA CELKEM

74,730,049 50.34


206,590 206,590 206,590 206,590 150,468 309,885 413,180 206,590 309,885 206,590 413,180 454,498 117,557 206,590 206,590

AB Spintab 04 - 27.07.2005 Abbey National Treasury Service 03 - 27.11.2006 ABN AMRO Bouwfonds Netherland 02 - 06.02.2007 Australia & New Zealand Banking Group 03 - 23.06.2006 Bank Austria 01 - 20.11.2006 Bank of Scotland 99 - 02.07.2004 Berica MBS SRL 02 A1 - 25.02.2032 BPE Finance 02 - 11.06.2004 Citigroup Global Markets 03 08.08.2008 Csse National de Credit Agricole 01 14.06.2004 Csse National de Credit Agricole 00 11.07.2007 Danske Bank 04 - 18.08.2006 Deutsche Finance 00 - 11.05.2005 Euroclear Finance 00 - 04.10.2010 Europa 1 A2 00 - 15.12.2036 Geldilux 01 - 13.06.2005 General Electric Capital 01 08.01.2007

517,456

0.35

413,025

0.28

206,786

0.14

206,537 206,931 206,593 150,678 309,886

0.14 0.14 0.14 0.10 0.21

413,554

0.28

206,599

0.14

310,162 206,474 413,180 455,102 117,440 206,590

0.21 0.14 0.28 0.31 0.08 0.14

206,900

0.14

General Electric Capital Euro Funding 03 - 05.12.2006 Italease Finance 03 - 14.12.2012 Kommunalkredit 99 - 14.09.2007 PMI Uno Finance 04 - 20.07.2012 SAECURE 2000-I A2 97 - 25.11.2007 SCIP 2 A1 02 - 26.04.2006 Unicredito Italiano 03 - 23.10.2008 Unicredito Italy Capital Trust 00 29.10.2049

OBLIGACE S POHYBLIVOU ÚROKOVOU SAZBOU

OBLIGACE S POHYBLIVOU ÚROKOVOU SAZBOU 516,475 413,180

%

Finanční instituce(pokračování)

5.000% Pinault-Printemps-Redoute 03 23.01.2009 6.125% Polo Ralph Lauren 99 - 22.11.2006 5.750% Portugal Telecom International Finance 01 - 21.02.2006 5.750% Prudential 01 - 19.12.2021 6.250% Public and Broadcast Finance 99 01.11.2006 5.500% RWE Finance 02 - 26.10.2007 5.125% Saint-Gobain Nederland 99 09.07.2008 4.625% Sara Lee 99 - 29.07.2004 5.375% SCA Coordination Centre 02 25.06.2007 6.375% SL Finance 02 - 12.07.2022 3.250% SLM 03 - 25.07.2008 5.875% Sodexho Alliance 02 - 25.03.2009 7.000% SOGERIM 01 - 20.04.2011 8.160% Standard Chartered Capital Trust 00 - 23.03.2049 6.125% Swedish Match 99 - 01.10.2006 5.500% Syngenta Lux Finance 01 10.07.2006 5.875% Tele Danmark 01 - 24.04.2006 7.750% Telecom Italia 03 - 24.01.2033 5.375% Telecom Italia 04 - 29.01.2019 5.125% Telefonica Europe 01 - 30.10.2006 6.375% Telstra 01 - 29.06.2011 5.250% Tesco 02 - 07.05.2008 6.500% TPSA Eurofinance 00 - 13.03.2007 5.650% Travel Insurance 02 - 21.06.2012 5.875% Veolia Environnement 98 27.06.2008 6.750% VNU 01 - 29.10.2008 5.750% Vodafone 99 - 27.10.2006 6.250% Wolters Kluwer 97 - 11.06.2007 6.000% WPP 01 - 18.06.2008

OBLIGACE CELKEM

hodnota

58

206,561 206,590 412,906 206,590 430,305 516,527 620,065

0.14 0.14 0.28 0.14 0.29 0.35 0.42

219,828

0.15

7,573,265

5.13

7,573,265

5.13

144,785,540 97.56 3,614,566

2.44

148,400,106 100.00

Výkaz investic Model Fund 4 30-04-2004 nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo obchodované na jiném regul. trhu jinak



hodnota

x EUR

%

hodnota

x EUR

%

356,483 64,279 428,872 106,425 834,175 480,115 651,246 71,693 28,501 1,248,221 306,484 743,136

0.23 0.04 0.28 0.07 0.54 0.31 0.42 0.05 0.02 0.80 0.20 0.48

5,319,630

3.44

AKCIE Německo 3,700.2690 2,827.9264 11,923.0890 2,846.3576 12,133.4753 26,107.4535 45,225.5100 1,799.9703 3,121.6433 9,867.3840 6,989.3970 12,334.2300

Austrálie 47,745.1600 113,698.2200 108,842.7800 81,733.2400 78,125.6481 95,894.9400 20,231.0000 32,369.6000 42,849.2580 114,507.4600


Rakousko 1,814.6315 1,390.7148 320.4509 2,051.3043


114,480 93,841 74,752 148,211 87,073 95,900 51,190 21,646 133,460 280,076

0.07 0.06 0.05 0.10 0.06 0.06 0.03 0.01 0.09 0.18

1,100,629

0.71

85,923 64,112 48,869 74,503

0.06 0.04 0.03 0.05

273,407

0.18

58,326 16,943

0.04 0.01

75,269

0.05

227,679 205,493 37,647 158,022

0.15 0.13 0.02 0.10

628,841

0.40

76,765 91,715

0.05 0.06

168,480

0.11

88,300 79,933 22,046

0.06 0.05 0.01

190,279

0.12

278,301 692,035 30,953 146,758 52,957 92,347 804,635 53,889 100,669 66,552 107,860 1,077,485 98,693

0.18 0.45 0.02 0.09 0.03 0.06 0.52 0.03 0.06 0.04 0.07 0.69 0.06

23,261 302,435 75,291 1,323,889 200,870 64,983 99,525 88,101

0.01 0.19 0.05 0.85 0.13 0.04 0.06 0.06

5,781,489

3.69



90,061

0.06

90,061

0.06

36,623 37,436 151,459 155,323 28,470 89,882 37,865 36,804 533,481 14,456 129,649

0.02 0.02 0.10 0.10 0.02 0.06 0.02 0.02 0.34 0.01 0.08

1,251,448

0.79

Hong Kong

Belgie 1,440.1438 Delhaize Group 505.7750 Warehouses De Pauw

31,560.3600 33,178.8400 40,462.0000 107,628.9200 20,635.6200 74,045.4600 56,646.8000 72,831.6000 74,450.0800 53,005.2200 56,646.8000

Kanada 23,832.1180 8,861.1780 2,458.0465 17,722.3560





Finsko 9,443.8751 Fortum 6,808.6381 Nokia 3,439.2700 Sponda

16,445.6400 4,503.0675 8,579.9861 2,549.1060 2,928.4600 1,225.6721 4,197.2778


0.05 0.05

Italy 4,046.2000 93,062.6000 68,689.7555 7,037.7709 42,689.4988 99,907.2630

Francie 5,755.9740 39,387.4280 1,213.8600 2,929.2978 1,069.8451 2,192.4703 39,098.0582 2,553.9723 1,618.4800 1,294.7840 2,406.5231 17,309.0361 1,420.0371 424.8510

74,148 74,148


14,202 57,140 1,164,976 73,545 83,031 475,557

0.01 0.04 0.75 0.05 0.05 0.31

1,868,451

1.21

1,007,688 781,753 98,507 60,719 56,204 85,566 575,169 84,013 100,611 71,707 72,283 86,602 82,125 750,387 471,951 285,617 507,107 91,552 705,820 670,409 85,085

0.65 0.50 0.06 0.04 0.04 0.06 0.37 0.05 0.06 0.05 0.05 0.06 0.05 0.48 0.30 0.18 0.33 0.06 0.45 0.43 0.05

Japonsko 23,023.8960 61,779.6360 17,398.6600 2,848.4520 2,094.4500 2,555.2290 6,372.6855 14.5663 18.2079 56,131.2600 10,891.1400 10,472.2500 6,702.2400 76,068.5600 51,386.7400 43,580.9460 8,633.9610 14.9709 75,975.4020 404.9739 16,336.7100

59

Canon Dai Nippon Printing Daibiru Eisai Fuji Photo Film Honda Motor Hoya Japan Real Estate Investment Japan Retail Fund Investment Kawasaki Heavy Industries Kikkoman Kirin Brewery Matsushita Electric Industrial Mitsubishi Estate Mitsui Fudosan NEC NEC Electronics Nippon Building Fund Nissan Motor NTT Docomo Oji Paper

Výkaz investic – Model Fund 4 30-04-2004 nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo obchodované na jiném regul. trhu jinak

Výkaz investic – Model Fund 4 30-04-2004 nominál v EUR Převodi telné c enn é papíry přijaté k není-li určeno obchodování na burze nebo obchodované na jiném regul. trhu jinak

hodnota

x EUR

%

567,803 53,829 51,866 155,372 82,340 100,832 65,710 101,096 203,408

0.37 0.03 0.03 0.10 0.05 0.06 0.04 0.07 0.13

8,113,131

5.20

Japonsko (pokračování) 23,846.1780 14,242.2600 5,864.4600 16,589.4200 1,382.3370 13,352.4600 6,702.2400 5,655.0150 6,744.1290

Pioneer Electric Sanyo Electronic Sekisui House Sumitomo Realty & Development TDK TOC Toppan Printing Toyko Electric Power Toyota Motor


14,389.9350 4,359.8071 3,528.5861 34,843.2436 283.2340 6,496.0278 16,789.2324 5,057.0343

95,454 561,254 687,952 67,875 42,387 56,576 1,075,483 754,878 102,729 640,381 8,230

0.06 0.36 0.44 0.04 0.03 0.04 0.69 0.49 0.07 0.41 0.01

4,093,199

2.64

8,952

0.01

8,952

0.01

5,260.0600 938.7325 10,163.5281 9,697.7224 146,054.7276 135,265.3890 2,864.7887 41,648.1383 5,285.5540 25,895.6800 69,893.9700 29,479.3838 14,161.7000 10,115.5000 3,236.9600 29,986.0577 4,450.8200 75,978.8568 6,878.5400 18,410.2100 23,227.0316 138.6526 174,304.5002 23,063.3400 8,497.0200 5,260.0600 6,069.3000 23,961.7038 6,253.6088 22,201.6140 9,684.3179 2,023.1000 29,941.8800 28,591.7558 956,147.1827 485.5440


7,474 0.00 7,474 0.00

Singapur 42,889.7200 76,473.1800 12,138.6000 10,520.1200 18,207.9000 28,323.4000


20,712 60,363 8,570 31,462 14,283 11,873

0.01 0.04 0.01 0.02 0.01 0.01

147,263

0.10


165,887

0.11

165,887

0.11

88,430 93,626 75,385 37,891 159,055 41,200 98,115

0.06 0.06 0.05 0.02 0.10 0.03 0.06

593,702

0.38

66,499 23,765 18,292 15,309 87,770

0.04 0.02 0.01 0.01 0.06

211,635

0.14


Velká Británie

Nový Zéland 16,184.8000 Kiwi Income Property Trust

x EUR

%

536,514 128,190 744,636 1,295,733 32,391 568,402 995,394 666,989

0.35 0.08 0.48 0.83 0.02 0.37 0.64 0.43

4,968,249

3.20

30,502 36,619 82,842 74,598 1,098,657 651,818 25,893 300,349 66,852 248,807 688,603 77,842 57,820 43,844 38,786 335,571 22,880 1,311,653 26,456 181,788 277,627 571 730,355 373,929 92,827 42,524 36,407 519,645 54,442 556,028 54,904 7,602 195,111 105,211 1,937,763 11,582

0.02 0.02 0.05 0.05 0.71 0.42 0.02 0.19 0.04 0.16 0.44 0.05 0.04 0.03 0.02 0.22 0.01 0.84 0.02 0.12 0.18 0.00 0.47 0.24 0.06 0.03 0.02 0.33 0.04 0.36 0.04 0.00 0.13 0.07 1.25 0.01

10,398,708

6.70

114,442 881,265 25,769 64,834 56,927 187,947 107,958 703,787 70,358 138,066 61,645 108,284 580,402 445,160 307,034 342,560 75,082 251,272 1,816,639

0.07 0.57 0.02 0.04 0.04 0.12 0.07 0.45 0.0 0.09 0.04 0.07 0.37 0.29 0.20 0.22 0.05 0.16 1.17

Švýcarsko

Nizozemí 5,262.0962 51,397.0145 51,803.7660 2,023.1000 1,060.2106 2,407.4890 60,150.1511 33,225.3415 2,124.2550 15,784.6279 404.6200

hodnota


Španělsko 9,869.4673 6,123.3340 4,582.6566 1,820.7900 9,052.6318 3,074.6526 7,906.1299

Banco Santander Central Hispano Endesa Iberdrola Inmobiliaria Colonial Repsol Sociedad General de Aguas de Barcelona Telefonica de Espana

Spojené státy 3,116.5416 44,444.3421 744.3675 1,560.3653 2,921.3389 3,965.2760 2,819.5486 15,234.4745 2,742.8917 5,462.3700 1,509.6796 1,811.6993 12,334.2300 12,745.3710 20,145.9090 14,970.9400 6,517.5095 6,069.3000 27,056.1293

Švédsko 2,324.4206 1,315.0150 809.2400 708.0850 7,241.3514


60






hodnota

x EUR

%

77,305 160,732 551,180 254,584 126,723 338,679 49,950 126,462 126,910 124,509 83,104 537,143 142,114 81,104 209,465 28,115 208,071 36,149 246,575 897,145 1,806,369 1,192,199 57,553 80,878 108,525 1,165,894 67,986 520,077 238,767 103,989 218,007 98,390 62,166 55,742 307,540 127,442 173,836 438,956 106,943 1,181,574 83,205 786,146 94,861 76,495 59,465 156,707 76,570 737,064 516,335 363,727 77,597 149,190 90,565 97,467 40,883 475,427 634,320 733,194 183,522 58,877 191,280 1,413,278 896,608 693,608 452,037 564,454 228,586 59,728 86,015 248,847

0.05 0.10 0.35 0.16 0.08 0.22 0.03 0.08 0.08 0.08 0.05 0.35 0.09 0.05 0.13 0.02 0.13 0.02 0.16 0.58 1.16 0.77 0.04 0.05 0.07 0.75 0.04 0.33 0.15 0.07 0.14 0.06 0.04 0.04 0.20 0.08 0.11 0.28 0.07 0.76 0.05 0.51 0.06 0.05 0.04 0.10 0.05 0.47 0.33 0.23 0.05 0.10 0.06 0.06 0.03 0.31 0.41 0.47 0.12 0.04 0.12 0.91 0.58 0.45 0.29 0.36 0.15 0.04 0.06 0.16

Spojené státy (pokračování) 3,180.2129 3,902.7981 15,952.2708 26,724.1650 5,885.8234 10,278.5250 1,035.0772 1,850.1345 3,236.9600 5,946.5624 3,046.5870 9,826.2699 7,905.4656 1,250.8055 4,997.0570 2,893.0330 3,459.5010 849.7020 3,230.4797 51,433.7391 45,028.8267 28,261.4904 1,686.4511 2,519.6234 6,392.9960 36,180.4080 2,427.0487 17,925.7476 8,739.7920 3,140.8372 8,962.3330 5,040.5034 4,074.5430 1,109.6396 14,647.2440 5,563.5250 3,419.0390 11,511.9480 1,915.1651 33,288.9582 1,451.4539 20,762.6205 2,908.3533 1,202.6332 1,220.6455 5,907.4520 1,058.9539 9,437.9154 20,666.7759 16,083.6450 1,961.6619 4,111.4100 3,093.0838 1,207.6599 1,256.6700 9,045.1020 16,856.7810 14,389.9350 9,205.1050 1,848.1427 11,639.6964 48,144.6111 16,651.2105 32,315.6826 10,029.4926 12,334.2300 7,287.8482 3,520.1940 1,575.4453 6,979.6950


hodnota

x EUR

%

97,797 111,030 597,222 116,906 37,390 780,504 167,320 668,983 128,944 843,297 139,777 62,610 104,493 109,287 254,893 81,178 471,073 728,089 733,091 62,120 149,759 89,424 1,717,421 70,527 634,702 216,972 617,868 184,779 56,284 106,204 127,476 70,925 385,651 101,906 49,317 339,197 142,986 75,984 805,376 337,369 88,465 728,987 223,922 145,813 121,580 800,533 61,627 612,895 212,934 48,120 72,857 574,496 598,665

0.06 0.07 0.38 0.08 0.02 0.50 0.11 0.43 0.08 0.54 0.09 0.04 0.07 0.07 0.16 0.05 0.30 0.47 0.47 0.04 0.10 0.06 1.10 0.05 0.41 0.14 0.40 0.12 0.04 0.07 0.08 0.05 0.25 0.07 0.03 0.22 0.09 0.05 0.52 0.22 0.06 0.47 0.14 0.09 0.08 0.51 0.04 0.39 0.14 0.03 0.05 0.37 0.39

Spojené státy (pokračování) 1,597.2276 3,641.5800 15,952.2708 4,175.9144 1,838.5082 18,542.4591 4,267.6513 14,788.1921 4,480.4474 38,688.3681 4,127.1240 2,169.8502 2,437.5209 3,778.8067 8,222.8200 1,638.2788 11,964.2410 10,977.4647 78,116.7900 1,318.2468 4,086.6620 3,165.9706 57,572.9309 1,592.2009 7,194.9675 8,840.9470 16,856.7810 5,300.5220 2,091.5178 3,358.3460 6,137.1574 2,122.9345 9,589.4940 2,994.1880 868.7779 15,212.2170 6,244.3932 1,545.7041 11,192.5421 6,578.2560 4,136.1199 22,610.4488 5,320.7530 3,820.6957 6,328.5901 24,363.0845 2,601.3069 6,578.2560 4,521.0798 1,479.1006 1,475.3306 18,090.2040 18,501.3450


46,051,366 29.63 AKCIE CELKEM

91,581,698 58.92

PRÁVA Nizozemí 404.6200 Vastned Offices Stock 08.04.04 25.05.04 748.5470 Vastned Retail Rights 08.04.04 25.05.04

PRÁVA CELKEM

61

239

0.00

1,273

0.00

1,512

0.00

1,512

0.00





hodnota

x EUR

%

UZAVŘENÉ FONDY

93,211 32,577 90,635

0.02 0.06

123,212

0.08

684,753

0.44

1,041,050

0.67

NLG 107,362 79,895 82,558 31,958

Velká Británie 634,096.0782 F&C Emerging Markets Investment Trust 482,017.1085 JPMorgan Fleming Emerging Markets Investment Trust 33,223.7781 Templeton Emerging Markets Investment Trust UZAVŘENÉ FONDY CELKEM

70,773

0.05

1,796,576

1.16

1,919,788

1.24

173,106 161,043 93,211 199,738 39,948 107,362

PODÍLOVÉ FONDY Lucembursko 281,913 Franklin Templeton Investment Emerging Market Fund

3,976,681

279,633 266,317

2.56

3,976,681 2.56 PODÍLOVÉ FONDY CELKEM

3,976,681

DEM 266,317 106,527

2.56

66,579 50,600 107,362 93,211

OBLIGACE Státní 1,520,670 4,713,811 932,110 2,530,012 64,417

4.250% 4.750% 6.250% 5.750% 3.375%

53,263 5,060,023 2,503,380 1,464,744 1,504,691 53,263 66,579 3,994,755 93,211

6.250% 4.500% 5.000% 5.750% 6.250% 5.500% 4.750% 6.000% 6.000%

1,065,268 798,951 1,230,385 1,278,322 1,398,164 1,331,585

4.250% 7.500% 5.250% 3.750% 5.400% 6.000%


1,521,811 4,869,367 1,018,609 2,764,164

0.98 3.13 0.66 1.78

64,578 57,738 5,261,159 2,674,611 1,645,273 1,796,601 57,844 64,895 4,357,878

0.04 0.04 3.38 1.72 1.06 1.16 0.04 0.04 2.80

96,146 1,070,435 1,069,715 1,325,924 1,293,278 1,529,102 1,544,173

0.06 0.69 0.69 0.85 0.83 0.98 0.99

106,527 DEM 532,634 NLG 532,634 213,054 53,681 93,211 DEM 186,422 45,274 133,159 199,738 21,472 66,579

34,083,301 21.92

NLG 187,884 173,106 306,265

Finanční instituce NLG NLG NLG

173,106 3,865 12,561 8,535 79,895

7.125% 8.750% 8.250% 9.500% 3.250%

159,790 173,106 146,474

4.750% 6.125% 4.450%

46,605

6.988%

139,571

4.750%

Abbey National 00 - 28.09.2049 ABN AMRO Bank 84 - 01.06.2004 ABN AMRO Bank 85 - 01.06.2005 ABN AMRO Bank 90 - 15.04.2005 ABN AMRO Bouwfonds Nederland 03 - 03.06.2008 Aegon Funding II 01 - 28.02.2005 Allianz Finance 02 - 31.05.2022 Australia & New Zealand Banking 03 - 05.02.2052 Banca Intesa Capital Trust 01 12.07.2049 Banco Bilbao Vizcaya ARG 99 24.09.2004

x EUR

%

98,533

0.06

51,675 79,799 96,502

0.03 0.05 0.06

33,856 177,659

0.02 0.11

167,087

0.11

98,216

0.06

221,949 41,168

0.14 0.03

108,092 281,576

0.07 0.18

280,299

0.18

141,374

0.09

120,551 71,769 53,386 107,523

0.08 0.05 0.03 0.07

98,799

0.06

117,820

0.08

290,578

0.19

257,059

0.17

237,930

0.15

53,925 95,406 105,567 49,057

0.03 0.06 0.07 0.03

133,971

0.09

217,005 22,459

0.14 0.01

71,326 85,927 195,324

0.05 0.06 0.13

336,493

0.22

158,434

0.10

5,005

0.00

53,831 187,058

0.03 0.12

121,447

0.08

201,957 95,164 56,587

0.13 0.06 0.04


Nizozemí 748.5470 VastNed Retail 1,416 Wereldhave

hodnota

198,518 1,782 5,957 4,115

0.13 0.00 0.00 0.00

79,444 162,874 187,396

0.05 0.10 0.12

149,433

0.10

146,474 4,831 53,681 173,106 113,185 200,573

52,753

0.03

140,980

0.09

93,211 53,263

62

5.125% Banco Santander Central Hispano Issuances 99 - 06.07.2007 6.375% Bank Nederlandse Gemeenten 96 04.01.2006 4.750% Bank Of America 04 - 06.05.2019 7.400% Bank of Ireland 01 - 07.03.2011 6.250% Banque Cent de Tunisie 03 20.02.2013 4.875% Barclays Bank 03 - 31.03.2013 5.625% Bayerische Landesbank 00 06.07.2005 5.500% BBVA Capital Funding 01 04.07.2011 6.342% BNP Paribas Capital Trust (PERP. 49) 02 - 24.01.2012 5.500% CIT 01 - 16.05.2005 4.500% Citibank Credit Card Trust 99 25.08.2004 4.750% Citigroup 04 - 10.02.2019 6.500% Cortp. Andina de Fomento 00 16.11.2005 5.250% Countrywide Home Loan 98 15.12.2005 6.625% Credit Suisse GP Finance 00 05.10.2010 5.750% Danske Bank 01 - 26.03.2011 5.125% Danske Bank 02 - 12.11.2012 4.750% Dekabank 98 - 25.05.2004 5.375% Deutsche Bank Finance 02 27.03.2012 6.875% Euroclear Finance (PERP) 00 04.10.2007 5.250% European Credit Card Office 98 18.06.2008 5.250% European Mortgage Securities 98 13.05.2008 6.500% Fortis Bank (PERP. 49) 01 26.09.2011 4.500% General Electric Capital 98 15.07.2004 4.125% Goldman Sachs 03 - 06.02.2008 6.250% Goldman Sachs 97 - 17.07.2009 6.250% Hannover Finance 01 - 14.03.2031 4.375% Holcim Finance Luxembourg 03 23.06.2010 5.875% Household Finance 01 31.03.2008 5.625% HSH N Finance 00 - 16.11.2005 6.375% Imperial Tobacco Finance 99 27.09.2006 7.125% ING 94 - 28.06.2004 6.500% ING Bank 00 - 15.06.2010 6.250% ING Verzekeringen 01 21.06.2021 6.000% International Lease Finance 02 24.10.2007 4.500% KFW-Kredit Wiederaufbau 99 03.08.2006 3.500% KFW-Kredit Wiederaufbau 99 15.07.2004 6.125% Lehman Brothers 00 - 23.03.2007 5.625% Lloyds TSB (PERP.49) 99 15.07.2009 4.375% MBNA America European Structured Offerings 99 19.08.2004 5.125% Merrill Lynch 98 - 09.03.2005 5.250% Merrill Lynch 98 - 18.08.2008





hodnota

x EUR

%

Finanční instituce (pokračování) 39,948 173,106 53,263 93,211 332,896 NLG 161,043 NLG 101,994 119,843 67,477 40,261 186,422 53,263 79,895 73,237 199,738 159,790 93,211 53,263 53,263

79,895 93,211 53,263 106,527 159,790 NLG 532,634 DEM 266,317 47,937 33,290 106,527 199,738 213,054 53,263 79,895 79,895 35,953 66,579 19,974 106,527 99,869 133,159 13,316 99,869 53,263 173,106 133,159 63,916 266,317

7.000% Akzo Nobel 95 - 20.10.2005 5.500% Alcan 01 - 02.05.2006 5.875% Allied Domecq Finance 02 12.06.2009 4.250% Altadis Finance 03 - 02.10.2008 3.625% Anglo American Capital 03 05.06.2008 3.500% Auchan 03 - 22.07.2008 5.000% Aventis 01 - 18.04.2006 6.750% Axa 00 - 15.12.2020 6.125% Batavia Credit Card 97 - 15.12.2006 5.875% Batavia Credit Card 97 - 16.03.2009 6.000% Bayer 02 - 10.04.2012 6.625% Bes Finance 02 - 08.05.2049 4.797% Brisa Finance 03 - 26.09.2013 6.125% British Telecom 01 - 15.02.2006 5.750% CGNU 01 - 14.11.2021 4.875% Ciba Specialty Chemicals Finance Luxembourg 03 - 20.06.2006 7.047% Cl Capital Trust 1 02 - 29.04.2049 6.000% Compass Group 03 - 29.05.2009 6.875% Continental 01 - 05.12.2008 6.250% Danaher 00 - 26.07.2005 5.875% Deutsche Telekom 01 - 11.07.2006 8.125% Deutsche Telekom 02 - 29.05.2012 7.500% Deutsche Telekom 03 - 24.01.2033 5.750% E.On 02 - 29.05.2009 4.750% Elia System 04 - 13.05.2014 5.125% ENBW Finance 02 - 28.02.2007 6.000% Etab Econ Casino Guichard 01 06.03.2008 7.000% France Telecom 02 - 23.12.2009 8.125% France Telecom 03 - 28.01.2033 5.750% Gallaher Group 01 - 02.10.2006 5.125% General Electric Capital 02 20.06.2007

x EUR

%

58,670 60,148 194,969 525,031

0.04 0.04 0.13 0.34

53,006

0.03

143,886

0.09

110,959 86,295

0.07 0.06

57,394 42,696 103,562 97,755 410,837

0.04 0.03 0.07 0.06 0.26

88,176 57,101

0.06 0.04

283,867

0.18

22,089 43,755

0.01 0.03

53,950 28,319

0.03 0.02

196,004 155,563

0.13 0.10

56,347 142,673

0.04 0.09

42,121 200,845

0.03 0.13

84,673 109,393 91,659 114,149 76,287

0.05 0.07 0.06 0.07 0.05

269,563 73,923

0.17 0.05

106,640 28,120 81,260 208,920 196,041 89,886 42,654 115,550 288,781

0.07 0.02 0.05 0.13 0.13 0.06 0.03 0.07 0.19

86,478 59,250 170,193 140,666 77,845

0.06 0.04 0.11 0.09 0.05


6.125% Michelin Finance Luxembourg 02 16.04.2009 5.750% Morgan Stanley 02 - 01.04.2009 4.375% Morgan Stanley 03 - 14.01.2011 4.125% National Rural Utilities 99 24.02.2006 6.625% National Westminster Bank 99 05.10.2049 6.000% Nederlandse Waterschapsbank 94 10.01.2005 6.625% Nederlandse Waterschapsbank 95 17.01.2005 5.125% New York Life Funding 01 18.05.2006 5.250% Rabobank Ireland 00 - 10.03.2005 4.750% Rabobank Nederland 99 - 13.10.2004 6.467% RBS Capital Trust A 02 - 30.06.2012 4.875% Sabadell International Capital 02 05.12.2012 8.126% Sanpaolo Imi Capital 00 - 10.11.2010 5.625% Skandinaviska Enskilda 02 06.06.2012 4.050% SLMA Student Loan 03 - 17.09.2010 5.500% Svenska Handelsbanken 01 07.03.2011 7.068% Union Bank of Norway 02 19.11.2012 5.375% Volkswagen Finance Service 02 25.01.2012 5.750% Zurich Finance 03 - 02.10.2023

43,697 188,114 53,660

0.03 0.12 0.03

95,071

0.06

373,826 74,847

53,263 53,263 186,422 479,371 47,937

7.250% 8.375% 5.062% 6.050% 6.500%

138,485

5.500%

107,362

5.250%

79,895 53,263

7.250% 5.750%

39,948 93,211 93,211 372,844 79,895

6.625% 6.750% 5.250% 6.125% 6.625%

53,263 266,317

6.125% 5.500%

19,974

7.750%

39,948 53,263

6.375% 5.000%

26,632 186,422

6.125% 5.750%

0.24 0.05

48,342

0.03

125,098 69,156 40,710 208,371

0.08 0.04 0.03 0.13

55,671 95,971

0.04 0.06

78,239 200,796

0.05 0.13

167,444

0.11

107,132

0.07

55,639 55,514

0.04 0.04

8,599,693

5.52

146,474 53,263

5.750% 6.250%

102,021 97,811

0.07 0.06

133,159 39,948

5.500% 5.125%

57,714 81,277

0.04 0.05

199,738 79,895

4.625% 5.375%

92,815 53,098 110,996 180,187 259,029 149,364 52,208 36,955 108,098 211,382 227,680

0.06 0.03 0.07 0.12 0.17 0.10 0.03 0.02 0.07 0.14 0.15

101,200 93,211 106,527 66,579 226,369

6.375% 3.250% 5.875% 7.000% 8.160%

69,242 101,200

6.125% 5.500%

52,092 92,278 87,301 40,370 69,429 21,315 130,948 120,926 145,336 13,309 105,047

0.03 0.06 0.06 0.03 0.04 0.01 0.08 0.08 0.09 0.01 0.07

26,632 66,579 213,054 186,422 79,895 39,948 106,527 266,317 79,895

5.875% 7.750% 5.375% 5.125% 6.375% 5.250% 6.500% 5.650% 5.875%

53,263 159,790 NLG 292,949 71,906

6.750% 5.750% 6.250% 6.000%

57,455 197,445 171,122 67,578

0.04 0.13 0.11 0.04

282,016

0.18

Různé NLG 213,054 93,211 53,263

hodnota

General Motors 03 - 03.07.2013 General Motors 03 - 05.07.2033 Generali Finance 99 - 28.05.2019 HBOS 01 - 23.11.2049 Hilton Group Finance 02 17.07.2009 Hutchison Whampoa Finance 99 16.03.2006 Hypothekenbank In Essen 97 05.07.2005 Koninklijke KPN 01 - 12.04.2006 Koninklijke Philips Electronic 01 16.05.2008 Liz Claiborne 01 - 07.08.2006 Munich Re Finance 03 - 21.06.2023 NGG Finance 01 - 23.08.2006 NGG Finance 01 - 23.08.2011 North West Water Finance 00 08.11.2007 OTE 00 - 07.02.2007 Pacific Life Funding 02 14.05.2009 Pemex Project Funding Master 00 02.08.2007 Petronas Capital 02 - 22.05.2009 Pinault-Printemps-Redoute 03 23.01.2009 Polo Ralph Lauren 99 - 22.11.2006 Portugal Telecom International Finance 01 - 21.02.2020 Prudential 01 - 19.12.2021 Public and Broadcast Finance 99 01.11.2006 RWE Finance 02 - 26.10.2007 Saint-Gobain Nederland 99 09.07.2008 Sara Lee 99 - 29.07.2004 SCA Coordination Centre 02 25.06.2007 SL Finance 02 - 12.07.2022 SLM 03 - 25.07.2008 Sodexho Alliance 02 - 25.03.2009 SOGERIM 01 - 20.04.2011 Standard Chartered Capital Trust 00 - 23.03.2049 Swedish Match 99 - 01.10.2006 Syngenta Lux Finance 01 10.07.2006 Tele Danmark 01 - 24.04.2006 Telecom Italia 03 - 24.01.2033 Telecom Italia 04 - 29.01.2019 Telefonica Europe 01 - 30.10.2006 Telstra 01 - 29.06.2011 Tesco 02 - 07.05.2008 TPSA Eurofinance 00 - 13.03.2007 Travel Insurance 02 - 21.06.2012 Veolia Environnement 98 27.06.2008 VNU 01 - 29.10.2008 Vodafone 99 - 27.10.2006 Wolters Kluwer 97 - 11.06.2007 WPP 01 - 18.06.2008


63

51,985,545 33.45



Výkaz investicModel Fund 5 30-04-2004


hodnota

x EUR

%

SMĚNKY S POHYBLIVOU ÚROKOVOU SAZBOU

53,681 53,681 53,681 53,681 39,098 80,522 107,362 53,681 80,522 53,681 107,362 118,098 30,546 53,681 53,681 53,681 53,681 107,362 53,681 266,317 134,203 161,043 133,159

x EUR

%

32,701 26,805 21,353 42,336 24,872 27,394 14,622 6,183 38,122 80,003

0.07 0.06 0.05 0.09 0.06 0.06 0.03 0.01 0.09 0.18

314,391

0.70

33,167 24,748 18,864 28,759

0.08 0.06 0.04 0.06

105,538

0.24

4,840 22,514

0.01 0.05

27,354

0.06

65,036 58,698 14,532 45,138

0.14 0.13 0.03 0.10

183,404

0.40

29,632 35,403

0.07 0.08

65,035

0.15

34,085 30,855 6,297

0.08 0.07 0.01

71,237

0.16

114,934 283,501 8,842 56,650 20,442 35,647 329,497 20,802 28,756 19,010 41,635 444,986 38,096

0.27 0.63 0.02 0.13 0.05 0.08 0.73 0.05 0.06 0.04 0.09 0.99 0.08

6,644 124,901 29,063 543,721 57,378 25,084 38,418 34,008

0.01 0.28 0.06 1.21 0.13 0.06 0.09 0.08

2,302,015

5.14

AKCIE

Finanční instituce 134,203 107,362

hodnota

Austrálie AB Spintab 04 - 27.07.2005 Abbey National Treasury Service 03 27.11.2006 ABN AMRO Bouwfonds Netherland 02 - 06.02.2007 Australia & New Zealand Banking Group 03 - 23.06.2006 Bank Austria 01 - 20.11.2006 Bank of Scotland 99 - 02.07.2004 Berica MBS SRL 02 A1 - 25.02.2032 BPE Finance 02 - 11.06.2004 Citigroup Global Markets 03 08.08.2008 Caisse Nationale de Credit Agricole 01 - 14.06.2004 Caisse Nationale de Credit Agricole 00 - 11.07.2007 Danske Bank 04 - 18.08.2006 Deutsche Finance 00 - 11.05.2005 Euroclear Finance 00 - 04.10.2010 Europa 1 A2 00 - 15.12.2036 Geldilux 01 - 13.06.2005 General Electric Capital 01 08.01.2007 General Electric Capital Euro Funding 03 - 05.12.2006 Italease Finance 03 - 14.12.2012 Kommunalkredit 99 - 14.09.2007 PMI Uno Finance 04 - 20.07.2012 SAECURE 2000-I A2 97 - 25.11.2007 SCIP 2 A1 02 - 26.04.2006 Unicredito Italiano 03 - 23.10.2008 Unicredito Italy Capital Trust 00 29.10.2049

134,457

0.09

107,322

0.07

53,732

0.03

53,667 53,770 53,682 39,153 80,522

0.03 0.03 0.03 0.03 0.05

107,459

0.07

53,683

0.03

80,593 53,651 107,362 118,255 30,516 53,681

0.05 0.03 0.07 0.08 0.02 0.03

53,762

0.03

53,674 53,681 107,402 53,681 313,073 134,216 161,124

0.03 0.03 0.07 0.03 0.20 0.09 0.10

2,272,056

1.42 1.42

LIKVIDNÍ AKTIVA ČISTÁ AKTIVA CELKEM

700.4671 536.8307 123.6974 791.8253


Belgie 144.4725 Warehouses De Pauw 555.9108 Delhaize Group

Kanada 6,807.5442 2,531.1582 948.8321 5,062.3164



Finsko 3,645.4363 Fortum 2,628.2068 Nokia 982.4130 Sponda

151,737,280 97.59 3,740,950


Rakousko

159,938 0.10

SMĚNKY S POHYBLIVOU ÚROKOVOU SAZBOU CELKEM 2,272,056 INVESTICE

13,638.2040 32,477.4180 31,090.4820 23,346.7560 22,316.2626 27,391.9860 5,778.9000 9,246.2400 12,239.7102 32,708.5740

2.41

155,478,230 100.00

Francie 2,377.1300 16,135.5431 346.7340 1,130.7401 412.9716 846.3169 16,010.5350 985.8605 462.3120 369.8496 928.9435 7,148.3695 548.1494 121.3569 6,791.8000 1,738.2320 3,523.7888 728.1414 1,130.4167 473.1225 1,620.1939

64






hodnota

x EUR

%

147,222 24,812 177,118 41,081 342,206 198,281 268,955 27,674 8,141 515,498 126,574 306,904

0.33 0.06 0.39 0.09 0.76 0.44 0.60 0.06 0.02 1.15 0.28 0.68

2,184,466

4.86

Německo 1,528.1550 1,091.6097 4,924.0550 1,098.7243 4,977.5409 10,781.9825 18,677.4500 694.8077 891.6843 4,075.0800 2,886.5150 5,093.8500

2,863.6362 Hellenic Telecommunications Organisation

6,306.1440 9,848.1100 5,497.6640 2,263.7440 4,738.6980 533.5968 3,814.0740 2,587.1360 2,182.8960 2,603.3056

%

34,765

0.08

34,765

0.08


10,461 10,694 43,264 44,367 8,132 25,674 10,816 10,513 152,387 4,129 37,034

0.02 0.02 0.10 0.10 0.02 0.06 0.02 0.02 0.34 0.01 0.09

357,471

0.80

2,031.2252 21,015.3557 21,394.1700 577.8900 409.2526 687.6891 24,660.3243 13,634.9199 606.7845 6,447.9207 115.5780

32,844 234,495 20,779 20,021 44,381 31,784 28,802 25,365 39,024 78,518

0.07 0.52 0.05 0.04 0.10 0.07 0.06 0.06 0.09 0.18

3,076,956

6.85

28,622

0.06

28,622

0.06

4,623.1200 Kiwi Income Property Trust

36,846 229,488 284,115 19,388 16,362 16,161 440,926 309,785 29,344 261,592 2,351

0.08 0.51 0.63 0.04 0.04 0.04 0.98 0.69 0.07 0.58 0.01

1,646,358

3.67

4,057 16,322 477,437 28,389 32,051 196,398

0.01 0.04 1.06 0.06 0.07 0.44

754,654

1.68

2,557

0.01

2,557

0.01


2,135

0.00

2,135

0.00

5,916 17,243 2,448 8,987 4,080 3,391

0.01 0.04 0.01 0.02 0.01 0.01

42,065

0.10

Singapur 12,251.2680 21,844.2420 3,467.3400 3,005.0280 5,201.0100 8,090.4600

Itálie Aedes Beni Stabili ENI Italcementi Telecom Italia Telecom Italia Mobile


Nový Zéland


Oji Paper Pioneer Electric Sanyo Electronic Sekisui House Sumitomo Realty & Development TDK TOC Toppan Printing Toyko Electric Power Toyota Motor

Nizozemí

Hong Kong

1,155.7800 26,582.9400 28,150.7810 2,716.6545 16,478.6011 41,260.1850

x EUR Japonsko (pokračování)


Řecko

9,015.0840 9,477.3960 11,557.8000 30,743.7480 5,894.4780 21,150.7740 16,180.9200 20,804.0400 21,266.3520 15,140.7180 16,180.9200

hodnota



64,034

0.14

64,034

0.14

Japonsko 9,508.5200 25,355.8640 4,969.8540 1,099.5328 808.4800 986.3456 2,631.8225 4.1608 5.2010 21,667.2640 4,204.0960 4,042.4000 2,587.1360 21,728.6640 14,678.4060

Canon Dai Nippon Printing Daibiru Eisai Fuji Photo Film Honda Motor Hoya Japan Real Estate Investment Japan Retail Fund Investment Kawasaki Heavy Industries Kikkoman Kirin Brewery Matsushita Electric Industrial Mitsubishi Estate Mitsui Fudosan

416,161 320,851 28,138 23,438 21,695 33,030 237,537 23,998 28,739 27,680 27,902 33,429 31,701 214,345 134,811

0.93 0.72 0.06 0.05 0.05 0.07 0.53 0.05 0.06 0.06 0.06 0.07 0.07 0.48 0.30

17,998.2700 3,565.6950 4.2764 30,902.1220 167.2481

NEC NEC Electronics Nippon Building Fund Nissan Motor NTT Docomo

117,956 209,428 26,151 287,084 276,869

0.26 0.47 0.06 0.64 0.62

Špaňelsko 3,809.7195 2,363.6721 1,768.9542 520.1010 3,494.4123 1,186.8486 3,051.8503

Banco Santander Central Hispano Endesa Iberdrola Inmobiliaria Colonial Repsol Sociedad General de Aguasde Barcelona Telefonica de Espana

34,135 36,141 29,099 10,823 61,397 15,904 37,873

0.08 0.08 0.06 0.02 0.14 0.04 0.08

225,372

0.50

Švédsko 897.2511 375.6285 231.1560 202.2615 2,795.2388

65


25,669 6,788 5,225 4,373 33,880

0.06 0.02 0.01 0.01 0.08

75,935

0.18

`

Výkaz investic –



Švýcarsko 5,942.8250 1,682.9320 1,440.8122 14,313.7893 80.9046 2,682.7610 6,874.5245 2,088.4785


Model Fund 5 30-04-2004


hodnota

x EUR

%

221,573 49,483 304,055 532,295 9,252 234,742 407,575 275,457

0.49 0.11 0.68 1.19 0.02 0.52 0.91 0.61

2,034,432

4.53


8,713 14,135 31,978 28,796 449,538 269,192 9,995 115,938 25,805 71,071 284,383 30,048 16,516 12,524 11,079 136,608 6,536 541,694 7,557 51,927 107,167 221 300,142 106,811 26,516 12,147 10,400 212,423 21,015 229,632 21,194 2,171 55,733 40,612 797,131 3,308

0.02 0.03 0.07 0.06 1.00 0.60 0.02 0.26 0.06 0.16 0.63 0.07 0.04 0.03 0.02 0.30 0.01 1.21 0.02 0.12 0.24 0.00 0.67 0.24 0.06 0.03 0.02 0.47 0.05 0.51 0.05 0.00 0.12 0.09 1.78 0.01

4,070,656

9.07

44,176 363,950 9,947 25,027 21,974 53,686 41,673 283,505 27,159 39,438 23,796 41,799 239,698 183,845 126,801 97,851 28,983 71,775 739,964

0.10 0.81 0.02 0.06 0.05 0.12 0.09 0.63 0.06 0.09 0.05 0.09 0.53 0.41 0.28 0.22 0.06 0.16 1.65

1,227.5960 1,506.5216 6,588.0460 11,036.6750 2,271.9905 4,244.8750 399.5508 764.0775 924.6240 2,295.4364 1,176.0150 4,058.1005 2,258.1630 482.8243 1,427.3883 826.3827 988.1919 242.7138 1,246.9996 21,241.3545 18,257.7321 11,607.9186 650.9881 972.6014 1,826.1324 14,941.9600 936.8666 7,403.0620 2,496.4848 1,212.3966 2,560.0527 1,945.6880 1,572.8170 428.3327 4,183.9236 1,589.1975 976.6341 4,754.2600 739.2741 13,355.6052 560.2766 8,574.6475 1,122.6553 464.2292 471.1821 1,687.4388 408.7675 3,870.4849 7,977.5956 4,594.2255 757.2224 1,697.9500 1,193.9633 466.1696 485.0880 3,735.4900 6,961.5950 5,942.8250 2,629.3995 713.4028 4,493.0468 19,882.9945 6,876.6975 13,345.8870 4,093.2948 5,093.8500 2,813.1870 1,005.5286 608.1387

Spojené státy 1,203.0182 18,354.8395 287.3338 602.3176 1,127.6679 1,132.6644 1,088.3758 6,136.8529 1,058.7854 1,560.3030 582.7524 699.3352 5,093.8500 5,263.6450 8,319.9550 4,276.3860 2,515.8281 1,733.6700 11,020.6442


x EUR

%

29,841 62,044 227,629 105,140 48,917 139,870 19,281 52,227 36,251 48,062 32,079 221,832 40,594 31,307 59,833 8,031 59,434 10,326 95,181 370,508 732,426 489,676 22,216 31,220 31,000 481,498 26,243 214,784 68,203 40,141 62,273 37,980 23,997 21,517 87,847 36,403 49,656 181,283 41,281 474,051 32,118 324,667 36,617 29,528 22,954 44,763 29,557 302,270 199,311 103,897 29,953 61,614 34,959 37,623 15,781 196,345 261,965 302,799 52,422 22,727 73,836 583,664 370,287 286,450 184,488 233,112 88,236 17,061 33,203

0.07 0.14 0.52 0.23 0.11 0.31 0.04 0.12 0.08 0.12 0.07 0.49 0.09 0.07 0.13 0.02 0.13 0.02 0.21 0.83 1.63 1.09 0.05 0.07 0.07 1.07 0.06 0.48 0.15 0.09 0.14 0.08 0.05 0.05 0.20 0.08 0.11 0.40 0.09 1.06 0.07 0.72 0.08 0.07 0.05 0.10 0.07 0.67 0.44 0.23 0.07 0.14 0.08 0.08 0.04 0.44 0.58 0.67 0.12 0.05 0.16 1.30 0.83 0.64 0.41 0.52 0.20 0.04 0.07

Spojené státy (pokračování)

Velká Británie 1,502.5140 362.3607 3,923.2300 3,743.4241 59,761.1898 55,862.5550 1,105.8389 16,076.6248 2,040.2801 7,396.9920 28,865.1500 11,379.3560 4,045.2300 2,889.4500 924.6240 12,207.0787 1,271.3580 31,378.1160 1,964.8260 5,258.7990 8,965.8815 53.5214 71,630.7500 6,587.9460 2,427.1380 1,502.5140 1,733.6700 9,795.1104 2,413.9596 9,168.9300 3,738.2498 577.8900 8,552.7720 11,036.7222 393,326.1624 138.6936

hodnota

66

Bank of New York Bank One Barr Pharmaceuticals BEA Systems Bellsouth Biomet Black & Decker BorgWarner Boston Properties Bristol Myers Squibb Burlington Northern Santa Fe Capital One Financial Catellus Development Caterpillar CBL & Associates Properties Cedar Shopping Centers CenterPoint Properties Chelsea Property Group Chevron Texaco Cisco Systems Citigroup Coca Cola Computer Sciences Constellation Energy Corporate Office Properties Trust CVS Dean Foods Dell Developers Divers Realty Dow Chemicals Duke Realty Corporations Edison Electronic Data Systems Emerson Electric Equity Office Properties Trust Equity Residential Properties Trust Essex Property Trust Estee Lauder Exelon Exxon Mobil Fannie Mae First Data First Energy Fortune Brands Freddie Mac Gables Residential Trust Gannett General Dynamics General Electric General Growth Properties General Motors Genzyme Georgia-Pacific Goldman Sachs GreenPoint Financial Guidant H&R Block Hartford Financial Services Health Care property investors Heinz H.J. Hewlett Packard Home Depot Ingersoll-Rand Intel Johnson & Johnson Johnson Controls JP Morgan Chase Keystone Property Trust Kimberley Clark





hodnota

x EUR

%

71,082 37,751 31,715 246,644 45,127 14,433 322,337 64,587 273,035 49,774 348,270 39,927 24,168 40,336 42,186 105,267 31,335 190,791 300,691 302,756 23,979 42,778 34,519 706,282 27,224 262,123 61,977 255,171 52,781 21,726 30,337 49,207 27,378 110,160 29,109 19,037 140,084 55,194 29,331 329,239 139,329 34,149 299,275 63,962 56,285 46,931 327,235 23,789 253,117 82,195 18,575 28,124 237,259 247,240

0.16 0.08 0.07 0.55 0.10 0.03 0.72 0.14 0.61 0.11 0.78 0.10 0.05 0.09 0.09 0.23 0.07 0.43 0.67 0.67 0.05 0.10 0.08 1.57 0.06 0.58 0.14 0.57 0.12 0.05 0.07 0.11 0.06 0.25 0.06 0.04 0.31 0.12 0.07 0.73 0.31 0.08 0.67 0.14 0.13 0.10 0.74 0.06 0.56 0.18 0.04 0.06 0.53 0.56

Kimco Realty Lehman Brothers Holding Liberty Property Trust Lincoln National Marathon Oil MBNA Medtronic Merck Merrill Lynch Metlife Microsoft Mills Monsanto Morgan Stanley National City Noble Nucor Occidental Petroleum Omnicom Oracle Paccar Pan Pacific Retail Properties Penney (J.C.) Pfizer PNC Financial Services Procter & Gamble ProLogis Prudential Financial Public Storage Raytheon Regency Centers SBC Communication Sears Roebuck Simon Property Group SL Green Realty SunTrust Banks Synopsys Tyco Union Pacific United Technologies UnitedHealth Group US Bancorp Viacom Vornado Realty Trust Wachovia Walt Disney Washington Mutual Waste Management Wellpoint Health Networks Wells Fargo Wendy’s Weyerhaeuser Wyeth Yum ! Brands

213.8193 VastNed Retail 404.5230 Wereldhave

303,288.8534 F&C Emerging Markets Investment Trust 230,549.3145 JPMorgan Fleming Emerging Markets Investment Trust 15,890.9697 Templeton Emerging Markets Investment Trust


134,839.3644 Franklin Templeton Investment Emerging Market Fund

PODÍLOVÉ FONDY CELKEM

PRÁVA CELKEM

0.00

431

0.08

327,518

0.73

497,935

1.11

33,851

0.08

859,304

1.92

894,498

2.00

1,902,051

4.24

1,902,051

4.24

1,902,051

4.24

161,503 516,764 108,100 293,348 6,127 558,343 283,844 174,605 190,665 6,139 6,887 462,482

0.36 1.15 0.24 0.65 0.01 1.24 0.63 0.39 0.43 0.01 0.02 1.04

10,204 113,600 113,524 140,714 137,250 162,277 163,876

0.02 0.25 0.25 0.31 0.31 0.36 0.37

3,610,252

8.04

21,068

0.05

8,431 17,285 19,887

0.02 0.04 0.04

15,859

0.04

5,598

0.01

10,457 8,469 10,241

0.02 0.02 0.02

3,593 18,854

0.01 0.04

OBLIGACE Státní 161,382 500,255 98,921 268,499 5,653 536,997 265,672 155,447 159,686 5,653 7,066 423,945 9,892

4.250% 4.750% 6.250% 5.750% 6.250% 4.500% 5.000% 5.750% 6.250% 5.500% 4.750% 6.000% 6.000%

113,052 84,789 130,575 135,662 148,381 141,315

4.250% 7.500% 5.250% 3.750% 5.400% 6.000%

Belgium 03 - 28.09.2013 Belgium 95 - 28.09.2005 Belgium 96 - 28.03.2007 Belgium 97 - 28.03.2008 Croatia 02 - 11.02.2009 France 00 - 12.07.2006 France 00 - 25.10.2011 France 00 - 25.10.2032 Germany 00 - 04.01.2030 Germany 00 - 04.01.2031 Germany 03 - 04.07.2034 Germany 97 - 04.07.2007 Korea Development Bank 00 13.04.2005 Netherlands 03 - 15.07.2013 Netherlands 93 - 15.01.2023 Netherlands 98 - 15.07.2008 Netherlands 99 - 15.07.2009 Spain 01 - 30.07.2011 Spain 98 - 31.01.2029

Finanční instituce 18,371 8,479 16,958 18,371 15,545 4,946

431

35,194

Lucembursko

Nizozemí 0.00 0.00

0.02 0.06

PODÍLOVÉ FONDY

35,746,101 79.67

68 363

9,305 25,889

Velká Británie

PRÁVA 115.5780 Vastned Offices Stock 08.04.04 - 25.05.04 213.8193 Vastned Retail Rights 08.04.04 - 25.05.04

%

Nizozemí

18,076,649 40.29 AKCIE CELKEM

x EUR UZAVŘENÉ FONDY

Spojené státy (pokračování) 1,993.7205 616.5468 1,040.2020 6,588.0460 1,611.9474 709.6837 7,657.7545 1,647.3588 6,035.5604 1,729.5004 15,977.7095 1,178.8956 837.5853 940.9090 1,458.6596 3,395.9000 632.3931 4,845.6734 4,533.5265 32,261.0500 508.8573 1,167.3378 1,222.0984 23,676.5800 614.6065 2,971.4125 2,525.3793 6,961.5950 1,514.0718 807.3481 959.2974 2,369.0081 819.4753 2,739.1986 855.2772 335.3575 6,282.4150 2,410.4023 596.6582 4,575.5149 2,716.7200 1,596.5863 9,282.3838 1,519.8507 1,474.8292 2,442.9032 9,958.9199 1,004.1322 2,716.7200 1,745.1849 570.9486 569.4933 7,470.9800 7,640.7750

hodnota

9,892 8,479 8,762 3,392

0.00

18,371

67

7.125% Abbey National 00 - 28.09.2049 3.250% ABN AMRO Bouwfonds Nederland 03 - 03.06.2008 4.750% Aegon Funding II 01 - 28.02.2005 6.125% Allianz Finance 02 - 31.05.2022 4.450% Australia & New Zealand Banking 03 - 05.02.2015 6.988% Banca Intesa Capital Trust 01 12.07.2049 5.125% Banco Santander Central Hispano Issuances 99 - 06.07.2009 4.750% Bank Of America 04 - 06.05.2019 7.400% Bank of Ireland 01 - 07.03.2011 6.250% Banque Cent de Tunisie 03 20.02.2013 4.875% Barclays Bank 03 - 31.03.2013

Výkaz investinc Model Fund 5 30-04-2004




hodnota

x EUR

%

x EUR

Finanční instituce (pokračování) 9,892 21,197 4,239 29,676 28,263 DEM

28,263 11,305 7,066 5,370 9,892 11,305

DEM NLG

56,526 56,526 22,610

DEM

9,892 19,784 4,805 14,132 21,197 7,066 18,371 32,502 15,545 18,371 12,012 9,892 9,892 5,653 4,239 18,371 5,653 9,892 35,329 12,718 19,784 5,653 8,479 7,772 21,197 16,958 9,892 5,653 5,653

5.500% BBVA Capital Funding 01 04.07.2011 6.342% BNPParibas Capital Trust (PERP. 49) 02 - 24.01.2012 5.500% CIT 01 - 16.05.2005 4.750% Citigroup 04 - 10.02.2019 6.500% Cortp. Andina de Fomento 00 16.11.2005 5.250% Countrywide Home Loan 98 15.12.2005 6.625% Credit Suisse GP Finance 00 05.10.2010 5.750% Danske Bank 01 - 26.03.2011 5.125% Danske Bank 02 - 12.11.2012 5.375% Deutsche Bank Finance 02 27.03.2012 6.875% Euroclear Finance (PERP) 00 04.10.2007 5.250% European Credit Card Office 98 18.06.2008 5.250% European Mortgage Securities 98 13.05.2008 6.500% Fortis Bank (PERP. 49) 01 26.09.2011 4.125% Goldman Sachs 03 - 06.02.2008 6.250% Goldman Sachs 97 - 17.07.2009 6.250% Hannover Finance 01 - 14.03.2031 4.375% Holcim Finance Luxembourg 03 23.06.2010 5.875% Household Finance 01 - 31.03.2008 6.375% Imperial Tobacco Finance 99 27.09.2006 6.500% ING Bank 00 - 15.06.2010 6.250% ING Verzekeringen 01 - 21.06.2021 6.000% International Lease Finance 02 24.10.2007 6.125% Lehman Brothers 00 - 23.03.2007 5.625% Lloyds TSB (PERP. 49) 99 15.07.2009 4.375% MBNA America European Structured Offerings 99 - 19.08.2004 5.125% Merrill Lynch 98 - 09.03.2005 5.250% Merrill Lynch 98 - 18.08.2008 6.125% Michelin Finance Luxembourg 02 16.04.2009 5.750% Morgan Stanley 02 - 01.04.2009 4.375% Morgan Stanley 03 - 14.01.2011 4.125% National Rural Utilities 99 24.02.2006 6.625% National Westminster Bank 99 05.10.2049 5.125% New York Life Funding 01 18.05.2006 6.467% RBS Capital Trust A 02 - 30.06.2012 4.875% Sabadell International Capital 02 05.12.2012 8.126% Sanpaolo Imi Capital 00 - 10.11.2010 5.625% Skandinaviska Enskilda 02 06.06.2012 4.050% SLMA Student Loan 03 - 17.09.2010 5.500% Svenska Handelsbanken 01 07.03.2011 7.068% Union Bank of Norway 02 19.11.2012 5.375% Volkswagen Finance Service 02 25.01.2012 5.750% Zurich Finance 03 - 02.10.2023

hodnota

%

Různé NLG 10,423

0.02

23,554 4,369 29,882

0.05 0.01 0.07

29,747

0.07

15,003

0.03

12,794 7,617 5,666

0.03 0.02 0.01

10,485

0.02

12,504

0.03

30,838

0.08

27,281

0.06

25,250 10,125 11,203 5,206

0.06 0.02 0.02 0.01

14,218 23,030

0.03 0.05

7,570 20,729 35,710

0.02 0.05 0.08

16,814 19,852

0.04 0.04

12,889

0.03

9,960 10,099 6,005

0.02 0.02 0.01

4,637 19,964 5,695

0.01 0.04 0.01

10,089

0.02

39,672

0.09

13,276 22,113

0.03 0.05

5,908 10,185

0.01 0.02

8,303 21,310

0.02 0.06

17,770

0.04

22,610 9,892 5,653 8,479 9,892

NLG DEM

5,653 11,305 16,958 56,526 28,263 5,087 3,533 11,305 21,197 22,610 5,653 8,479 8,479 3,816 7,066 2,120 11,305 10,599 14,132 1,413 10,599 5,653 18,371 14,132 6,783 28,263 5,653 5,653 19,784 50,873 5,087 14,697 8,479 5,653 4,239 9,892 9,892 39,568 8,479 5,653 28,263 2,120 4,239 5,653 2,826 19,784

11,369

0.03

15,545 5,653

5,905 5,891

0.01 0.01

14,132 4,239

790,652

1.76

21,197

68

7.000% Akzo Nobel 95 - 20.10.2005 5.500% Alcan 01 - 02.05.2006 5.875% Allied Domecq Finance 02 12.06.2009 4.250% Altadis Finance 03 - 02.10.2008 3.625% Anglo American Capital 03 05.06.2008 3.500% Auchan 03 - 22.07.2008 5.000% Aventis 01 - 18.04.2006 6.750% Axa 00 - 15.12.2020 6.125% Batavia Credit Card 97 - 15.12.2006 5.875% Batavia Credit Card 97 - 16.03.2009 6.000% Bayer 02 - 10.04.2012 6.625% Bes Finance 02 - 08.05.2049 4.797% Brisa Finance 03 - 26.09.2013 6.125% British Telecom 01 - 15.02.2006 5.750% CGNU 01 - 14.11.2021 4.875% Ciba Specialty Chemicals Finance Luxembourg 03 - 20.06.2018 7.047% Cl Capital Trust 1 02 - 29.04.2049 6.000% Compass Group 03 - 29.05.2009 6.875% Continental 01 - 05.12.2008 6.250% Danaher 00 - 26.07.2005 5.875% Deutsche Telekom 01 - 11.07.2006 8.125% Deutsche Telekom 02 - 29.05.2012 7.500% Deutsche Telekom 03 - 24.01.2033 5.750% E.On 02 - 29.05.2009 4.750% Elia System 04 - 13.05.2014 5.125% ENBW Finance 02 - 28.02.2007 6.000% Etab Econ Casino Guichard 01 06.03.2008 7.000% France Telecom 02 - 23.12.2009 8.125% France Telecom 03 - 28.01.2033 5.750% Gallaher Group 01 - 02.10.2006 5.125% General Electric Capital 02 20.06.2007 7.250% General Motors 03 - 03.07.2013 8.375% General Motors 03 - 05.07.2033 5.062% Generali Finance 99 - 28.05.2019 6.050% HBOS 01 - 23.11.2049 6.500% Hilton Group Finance 02 - 17.07.2009 5.500% Hutchison Whampoa Finance 99 16.03.2006 7.250% Koninklijke KPN 01 - 12.04.2006 5.750% Koninklijke Philips Electronic 01 16.05.2008 6.625% Liz Claiborne 01 - 07.08.2006 6.750% Munich Re Finance 03 - 21.06.2023 5.250% NGG Finance 01 - 23.08.2006 6.125% NGG Finance 01 - 23.08.2011 6.625% North West Water Finance 00 08.11.2007 6.125% OTE 00 - 07.02.2007 5.500% Pacific Life Funding 02 - 14.05.2009 7.750% Pemex Project Funding Master 00 02.08.2007 6.375% Petronas Capital 02 - 22.05.2009 5.000% Pinault-Printemps-Redoute 03 23.01.2009 6.125% Polo Ralph Lauren 99 - 22.11.2006 5.750% Portugal Telecom International Finance 01 - 21.02.2006 5.750% Prudential 01 - 19.12.2021 6.250% Public and Broadcast Finance 99 01.11.2006 5.500% RWE Finance 02 - 26.10.2007 5.125% Saint-Gobain Nederland 99 09.07.2008 4.625% Sara Lee 99 - 29.07.2004

10,827 10,380

0.02 0.02

6,125 8,626

0.01 0.02

9,850 5,635 11,779 19,122 27,490 15,851 5,541 3,922 11,472 22,433 24,163

0.02 0.01 0.03 0.04 0.07 0.04 0.01 0.01 0.03 0.05 0.05

5,528 9,793 9,265 4,284 7,368 2,262 13,897 12,833 15,424 1,412 11,148

0.01 0.02 0.02 0.01 0.02 0.01 0.03 0.03 0.03 0.00 0.02

6,097 20,954 18,160 7,172

0.01 0.05 0.04 0.02

29,929 6,226 6,383 20,691 55,719 5,625

0.07 0.01 0.01 0.05 0.13 0.01

15,270 9,158

0.03 0.02

6,091 4,531 10,991 10,374 43,600

0.01 0.01 0.02 0.02 0.11

9,358 6,060 30,126

0.02 0.01 0.07

2,344 4,643

0.01 0.01

5,726 3,005

0.01 0.01

20,801 16,509

0.05 0.04

5,980 15,141

0.01 0.03

4,470 21,315

0.01 0.05





hodnota

x EUR

%

10,740 9,892 11,305 7,066 24,024

NLG

7,348 10,740 2,826 7,066 22,610 19,784 8,479 4,239 11,305 28,263 8,479 5,653 16,958 31,089 7,631

5.375% SCA Coordination Centre 02 25.06.2007 6.375% SL Finance 02 - 12.07.2022 3.250% SLM 03 - 25.07.2008 5.875% Sodexho Alliance 02 - 25.03.2009 7.000% SOGERIM 01 - 20.04.2011 8.160% Standard Chartered Capital Trust 00 23.03.2049 6.125% Swedish Match 99 - 01.10.2006 5.500% Syngenta Lux Finance 01 - 10.07.2006 5.875% Tele Danmark 01 - 24.04.2006 7.750% Telecom Italia 03 - 24.01.2033 5.375% Telecom Italia 04 - 29.01.2019 5.125% Telefonica Europe 01 - 30.10.2006 6.375% Telstra 01 - 29.06.2011 5.250% Tesco 02 - 07.05.2008 6.500% TPSA Eurofinance 00 - 13.03.2007 5.650% Travel Insurance 02 - 21.06.2012 5.875% Veolia Environnement 98 - 27.06.2008 6.750% VNU 01 - 29.10.2008 5.750% Vodafone 99 - 27.10.2006 6.250% Wolters Kluwer 97 - 11.06.2007 6.000% WPP 01 - 18.06.2008

OBLIGACE CELKEM

8,986 11,609 9,727 12,114 8,096

0.02 0.03 0.02 0.03 0.02

28,607 7,845 11,317 2,984 8,624 22,172 20,887 9,539 4,527 12,263 30,647 9,178 6,288 18,062 14,928 8,261

0.06 0.02 0.03 0.01 0.02 0.05 0.05 0.02 0.01 0.03 0.07 0.02 0.01 0.04 0.03 0.02

975,540

2.19

331.8139 254.2987 58.5959 375.0906

SMĚNKY S POHYBLIVOU ÚROKOVOU SAZBOU CELKEM INVESTICE LIKVIDNÍ AKTIVA ČISTÁ AKTIVA CELKEM

15,711 11,723 8,936 13,623

0.09 0.07 0.05 0.09

49,993

0.30

Belgie 263.3370 Delhaize Group

0.06

10,665

0.06

449.4653 Husky Energy

6,884

0.04

6,884

0.04

14,037 16,770

0.09 0.10

30,807

0.19

16,146 14,616

0.10 0.09

30,762

0.19

54,834 135,145 26,835 9,683 16,886 157,065 9,854 19,723 212,300 18,046 59,589 13,767 259,258 11,882 18,199 16,110

0.33 0.82 0.16 0.06 0.10 0.95 0.06 0.13 1.29 0.11 0.36 0.08 1.56 0.07 0.11 0.10

1,039,176

6.29

70,239 11,754 84,502 19,460 163,152 94,598 128,317 13,109 245,940 60,387 146,422

0.42 0.07 0.51 0.12 0.98 0.57 0.77 0.08 1.48 0.36 0.88

1,037,880

6.24


Finsko 1,726.8568 Fortum 1,244.9914 Nokia

Francie

16,974

0.04

33,225

0.07

50,199

0.11

50,199

0.11

1,134.1120 7,691.8069 535.6358 195.6262 400.9035 7,631.8995 467.0058 440.0440 3,410.4368 259.6604 3,240.3200 823.4070 1,680.2235 535.4826 224.1199 767.4919

43,969,724 98.01 891,697

10,665

Kanada

Finanční instituce 28,263


5,376,444 11.99

Unicredito Italy Capital Trust 00 29.10.2049 SAECURE 2000-I A2 97 25.11.2007

%

Rakousko

SMĚNKY S POHYBLIVOU ÚROKOVOU SAZBOU 14,132

x EUR AKCIE

Různé (pokračování) 8,479

hodnota

1.99

44,861,421 100.00

Atos Origin AXA BNP Paribas CNP Assurances Compagnie de Saint-Gobain Credit Agricole European Aeronautic Defence and Space Peugeot Renault Societé Générale Paris STMicroelectronics Suez Total Veolia Environnement Vinci Vivendi Universal

Německo 729.0720 517.0996 2,349.2320 520.4698 2,373.1298 5,144.0080 8,910.8800 329.1330 1,944.1920 1,377.1360 2,430.2400

Adidas Bayer BMW DaimlerChrysler Deutsche Bank Deutsche Post Deutsche Telekom Fresenius Medical Care SAP Schering Siemens


16,468

0.10

16,468

0.10


69

13,558

0.08

13,558

0.08





hodnota

x EUR

%

227,604 13,448 15,183 93,700

1.37 0.08 0.09 0.57

349,935

2.11

198,547 152,978 11,103 10,277 15,646 113,327 13,112 13,217 15,836 15,017 56,276 99,917 136,753 132,092 15,558 111,876 9,843 9,484 15,056 12,015 18,486 37,194

1.20 0.92 0.07 0.06 0.10 0.68 0.08 0.08 0.10 0.09 0.34 0.60 0.82 0.80 0.09 0.67 0.06 0.06 0.09 0.07 0.12 0.22

1,213,610

7.32

17,454 109,375 135,549 7,751 210,206 147,701 124,664

0.11 0.66 0.82 0.05 1.27 0.89 0.75

752,700

4.55

30,333

0.18

30,333

0.18

16,170 17,120 13,784 29,084 7,534 17,941

0.10 0.10 0.08 0.18 0.05 0.11

101,633

0.62

12,160 16,049

0.07 0.10

28,209

0.17

105,711 23,440 144,894 253,817 111,994 194,281 131,419

0.64 0.14 0.87 1.53 0.68 1.17 0.79

965,556

5.82

Itálie

hodnota

x EUR

%

6,696 15,148 13,641 214,268 128,429 4,735 135,677 14,234 65,079 258,438 50,765 104 143,124 101,239 9,955 109,556 10,040 19,238 380,154

0.04 0.09 0.08 1.29 0.77 0.03 0.82 0.09 0.39 1.56 0.31 0.00 0.86 0.62 0.06 0.66 0.06 0.12 2.29

1,747,664

10.54

20,926 173,638 4,712 11,855 10,409 19,741 134,911 12,865 11,272 19,800 114,358 87,711 60,496 13,729 352,533 14,136 29,391 108,600 50,161 23,172 66,731 9,134 24,917 22,767 15,196 105,835 14,830 45,087 176,767 348,776 233,491 10,524 14,789 229,719 12,432 102,472 19,015 17,991 11,367 10,193 86,489 19,555 225,492 15,214 154,896 17,346

0.13 1.05 0.03 0.07 0.06 0.12 0.81 0.08 0.07 0.12 0.69 0.53 0.36 0.08 2.13 0.09 0.18 0.66 0.30 0.14 0.40 0.06 0.15 0.14 0.09 0.64 0.09 0.27 1.07 2.10 1.41 0.06 0.09 1.39 0.07 0.62 0.11 0.11 0.07 0.06 0.52 0.12 1.36 0.09 0.93 0.10

Velká Británie 13,420.0126 1,286.8894 7,805.9750 19,684.9440

Japonsko

4,536.4480 12,089.4320 520.8528 382.9800 467.2356 1,255.6240 10,263.8640 1,991.4960 1,914.9000 1,225.5360 8,586.8480 1,701.1680 14,720.1680 79.7929 2,987.2440 4,698.4640 2,604.2640 1,072.3440 252.7668 1,225.5360 1,034.0460 1,233.1956

ENI Italcementi Telecom Italia Telecom Italia Mobile

Canon Dai Nippon Printing Eisai Fuji Photo Film Honda Motor Hoya Kawasaki Heavy Industries Kikkoman Kirin Brewery Matsushita Electric Industrial NEC NEC Electronics Nissan Motor NTT Docomo Oji Paper Pioneer Electric Sanyo Electronic Sekisui House TDK Toppan Printing Toyko Electric Power Toyota Motor

171.6516 1,858.4487 1,773.2740 28,484.6185 26,651.6320 523.8400 13,771.3600 5,390.4435 5,815.3408 14,970.2784 4,247.1716 25.3533 34,157.3398 4,668.2937 1,143.5017 4,374.4320 1,770.8229 5,228.1366 187,578.0592

Spojené státy 569.8742 8,756.9648 136.1111 285.3201 534.1805 515.5677 2,920.3436 501.5506 276.0520 331.2777 2,430.2400 2,511.2480 3,969.3920 1,191.7572 5,250.4450 581.5168 713.6449 3,143.1104 5,265.5200 1,076.2504 2,025.2000 189.2687 364.5360 1,087.3568 557.0827 1,936.0912 228.7157 590.7084 10,134.1008 8,694.2184 5,534.9693 308.3755 460.7249 7,128.7040 443.7972 3,531.9488 574.3168 921.6797 745.0493 202.9028 2,268.2240 350.1969 6,352.8417 265.4051 4,090.9040 531.8060

Nizozemí 962.1990 10,016.0528 10,207.0080 193.8645 11,756.4994 6,500.9221 3,072.8193

ABN AMRO Aegon ASML DSM ING Philips Electronics Royal Dutch Petroleum


Španělsko 1,804.6784 1,119.6803 837.9602 1,655.3162 562.2146 1,445.6729

Banco Santander Central Hispano Endesa Iberdrola Repsol Sociedad General de Aguas de Barcelona Telefonica de Espana

Švédsko 425.0312 AB 1,324.1151 Skandinaviska Enskilda Banken

Švýcarsko 2,835.2800 797.2112 686.6040 6,825.3249 1,279.9264 3,276.9173 996.3984

Adecco CS Nestlé Novartis Roche UBS Zurich Financial Services

AstraZeneca Group Aviva B.A.A. Barclays BG Boots British Sky Broadcasting British Telecommunications Diageo GlaxoSmithkline HSBC J. Sainsbury Kingfisher Reckitt Benckiser RMC Royal Bank of Scotland Scottish Power Tesco Vodafone

70

Abbott Laboratories Accenture Adobe Systems Air Products and Chemicals Albertsons Allstate Altria Aluminium Company of America American Express American International Amgen Apache Applied Materials AT&T Services Bank of America Bank of New York Bank One Barr Pharmaceuticals BEA Systems Bellsouth Biomet Black & Decker BorgWarner Bristol Myers Squibb Burlington Northern Santa Fe Capital One Financial Caterpillar Chevron Texaco Cisco Systems Citigroup Coca Cola Computer Sciences Constellation Energy CVS Dean Foods Dell Dow Chemicals Edison Electronic Data Systems Emerson Electric Estee Lauder Exelon Exxon Mobil Fannie Mae First Data First Energy





hodnota

x EUR

%

13,988 10,874 14,001 144,108 94,414 14,189 29,395 16,560 17,822 7,476 93,675 124,982 144,463 10,766 34,976 278,462 176,661 136,663 87,912 111,216 41,798 15,728 17,883 117,672 21,377 6,837 153,785 30,595 130,106 23,578 166,157 11,448 19,107 19,984 50,222 14,844 90,843 143,457 144,443 11,359 16,352 336,818 12,896 125,057 121,740 10,292 23,310 12,969 9,018 66,833 26,200 13,894 156,915 66,473 16,176 142,696 26,663 22,232 155,958 11,269 120,760 38,936 8,799 13,322 113,194 117,957

0.08 0.07 0.08 0.87 0.57 0.09 0.18 0.10 0.11 0.05 0.57 0.75 0.87 0.06 0.21 1.68 1.07 0.82 0.53 0.67 0.25 0.09 0.11 0.71 0.13 0.04 0.93 0.18 0.78 0.14 1.00 0.07 0.12 0.12 0.30 0.09 0.55 0.87 0.87 0.07 0.10 2.03 0.08 0.75 0.73 0.06 0.14 0.08 0.05 0.41 0.16 0.08 0.95 0.41 0.10 0.86 0.16 0.13 0.95 0.07 0.73 0.23 0.05 0.08 0.68 0.71

x EUR

Spojené státy (pokračování) 219.9071 223.2007 193.6347 1,845.2604 3,779.0169 358.6991 810.0800 565.5849 220.8263 229.7880 1,782.1760 3,321.3280 2,835.2800 337.9416 2,128.3731 9,486.0368 3,280.8240 6,367.2288 1,950.5185 2,430.2400 1,332.6172 288.0776 292.0605 3,143.1104 763.5855 336.1798 3,653.4608 780.3600 2,876.0440 819.2708 7,622.8528 396.7673 445.7121 690.9725 1,620.1600 299.5670 2,307.2108 2,162.9136 15,391.5200 241.0476 578.9126 11,291.0715 291.1414 1,417.6400 3,321.3280 382.4438 1,122.2080 388.1885 158.8601 2,997.2960 1,141.8166 282.6392 2,180.6744 1,296.1280 756.3089 4,425.8736 698.6321 1,157.2124 4,746.3513 475.6612 1,296.1280 826.7006 270.4605 269.7711 3,564.3520 3,645.3600

Fortune Brands Freddie Mac Gannett General Dynamics General Electric General Motors Genzyme Georgia-Pacific Goldman Sachs GreenPoint Financial Guidant H&R Block Hartford Financial Services Heinz H.J. Hewlett Packard Home Depot Ingersoll-Rand Intel Johnson & Johnson Johnson Controls JP Morgan Chase Kimberley Clark Lehman Brothers Holding Lincoln National Marathon Oil MBNA Medtronic Merck Merrill Lynch Metlife Microsoft Monsanto Morgan Stanley National City Noble Nucor Occidental Petroleum Omnicom Oracle Paccar Penney (J.C.) Pfizer PNC Financial Services Procter & Gamble Prudential Financial Raytheon SBC Communication Sears Roebuck SunTrust Banks Synopsys Tyco Union Pacific United Technologies UnitedHealth Group US Bancorp Viacom Wachovia Walt Disney Washington Mutual Waste Management Wellpoint Health Networks Wells Fargo Wendy’s Weyerhaeuser Wyeth Yum ! Brands

%

UZAVŘENÉ FONDY Velká Británie 110,415.0684 F&C Emerging Markets Investment Trust 83,933.5770 JPMorgan Fleming Emerging Markets Investment Trust 5,785.2522 Templeton Emerging Markets Investment Trust


119,236

0.72

181,278

1.09

12,324

0.07

312,838

1.88

312,838

1.88

PODÍLOVÉ FONDY Lucembursko 49,089.4983 Franklin Templeton Investment Emerging Market Fund

PODÍLOVÉ FONDY CELKEM INVESTICE LIKVIDNÍ AKTIVA ČISTÁ AKTIVA CELKEM

7,865,996 47.45 AKCIE CELKEM

hodnota

15,291,829 92.25

71

692,459

4.18

692,459

4.18

692,459

4.18

16,297,126

98.31

279,618

1.69

16,576,744 100.00

VÝKAZ ČISTÝCH AKTIV K 30-04-2004 Asian Tigers Equity Fund USD

Aktiva

- Investice 103,765,984 - Nerealizovaný zisk z termínov. kontraktů foreign exchange 0 - Nerealizovaný zisk z futures kontraktů 0 - Náklady na založení 0 - Nahromaděný úrok 0 - Pohledávky za prodané investiční cenné papíry 8,607,250 - Pohledávky za dividendy 196,281 - Pohledávky za upsané cenné papíry 909,188 - Hotovost v bankách 1,520,483 Aktiva celkem 114,999,186

Behavioural Finance Japan Fund JPY

Biotech Fund EUR

China Equity Fund USD

Eastern Europe Equity Fund EUR

Euro Equity Fund EUR

Europe Equity Fund EUR

640,222,900 0 0 330,151 0 0 3,201,572 7,000,002 23,606,308 674,360,933

25,043,267 0 0 6,016 0 0 0 129,174 301,150 25,479,607

212,639,788 0 0 0 0 1,799,216 1,638,617 676,189 3,291,922 220,045,732

323,697,970 0 0 0 0 3,823,907 1,344,166 1,699,429 3,456,423 334,021,895

109,446,365 0 0 0 0 693,943 432,741 2,982 0 110,576,031

377,046,130 0 0 0 0 6,954,022 1,938,821 102,184 2,242,262 388,283,419

0 0 0 1,050,579 0

0 0 106,990 41,130 0

122 582,832 2,181,511 381,497 0

1,078 0 5,960,167 639,063 0

17,066 0 677,340 156,875 0

1,966,040 0 8,470,704 539,910 0

Pasiva - Překročení účtu v bance - Závazky za nakoupené cenné papíry - Závazky za zpětný odkup akcií - Závazky příštích období a další závazky - Nerealizovaný výsledek z futures kontraktů - Nerealizovaný výsledek z forwardových foreign exchange kontraktů Pasiva celkem CELKOVÁ ČISTÁ AKTIVA

236 144,165 9,398,847 882,505 0 0

0

0

0

0

0

10,425,753

1,050,579

148,120

3,145,962

6,600,308

851,281

0 10,976,654

104,573,433

673,310,354

25,331,487

216,899,770

327,421,587

109,724,750

377,306,765

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Asian Tigers Equity Fund USD

Behavioural Finance Japan Fund JPY

Biotech Fund

China Equity Fund

Eastern Europe Equity Fund

Euro Equity Fund

Europe Equity Fund

EUR

USD

EUR

EUR

EUR

1,028 0 1,991,428 0 1,992,456

0 0 5,839,787 0 5,839,787

4,321 0 4,005 0 8,326

350 0 3,736,269 0 3,736,619

61,727 0 6,812,307 0 6,874,034

10,471 0 2,926,701 320,310 3,257,482

39,503 0 9,365,403 605,441 10,010,347

3,681 1,356,795 138,181 69,943 47,408 0 4,713 167,911 1,788,632

136 8,631,882 413,620 83,297 267,739 173,118 0 538,919 10,108,711

113 344,042 18,583 30,000 11,689 3,814 4,565 22,972 435,778

4,310 2,345,006 239,700 118,293 87,047 0 4,727 176,687 2,975,770

17,073 4,167,118 1,253,578 215,567 145,168 0 0 330,223 6,128,727

2,280 1,704,705 100,098 75,610 61,211 224 0 125,204 2,069,332

34,545 5,634,106 335,388 248,850 207,551 0 1,064 420,849 6,882,353

203,824

(4,268,924)

(427,452)

760,849

745,307

1,188,150

3,127,994

6,810,668 (242) 20,579,759 0

153,436,630 0 42,748,290 0

(1,198,955) 0 7,953,511 1,173

17,710,704 0 5,179,898 0

25,836,380 0 63,873,181 0

Příjmy - Bankovní úrok - Úrok z obligací - Dividenda - Půjčování CP Příjmy celkem

Výdaje - Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie - Ostatní výdaje Výdaje celkem Čistý zisk/ztráta - Realizované výsledky z investic a foreign exchange - Realizované výsledky z futures - Nerealizované výsledky z investic - Nerealizované výsledky z futures - Nerealizované výsledky z forwardových foreign exchange kontraktů Celkový výsledek investování - Rozdělené dividendy - Čistý výnos z vydaných/zpětně odkoupených akcií - Vzrůst (pokles) v čistých aktivech Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

0 27,594,009

0 191,915,996

0 6,328,277

0 23,651,451

0

0

0

0

0 90,454,868 0

(19,746,030) 0 40,605,627 0

(43,892,846) 0 111,379,302 0

0 22,047,747

0 70,614,450

0

24,914,029 52,508,038

54,781,300 246,697,296

385,850 6,714,127

130,187,499

15,512,398

(38,987,785)

153,838,950

105,967,266

(16,940,038)

52,065,395 0 104,573,433

426,613,058 0 673,310,354

18,617,360 0 25,331,487

63,060,820 0 216,899,770

221,454,321 0 327,421,587

72

126,664,788 0 109,724,750

0 (59,858,221) 10,756,229 366,550,536 0 377,306,765

VÝKAZ ČISTÝCH AKTIV K 30-04-2004 Europe Equity Growth Fund

Germany Equity Fund

Global Equity Fund

EUR

EUR

USD

Global Equity Global Emerging Value Fund Markets Equity Fund EUR USD

Global Leader Global Property Fund Equity Fund EUR

USD

6,660,676 0 0 0 0 0 23,542 353 52,933 6,737,504

0 0 0 0 0 0 0 0 0 0

Aktiva - Investice 33,946,992 - Nerealizovaný zisk z termínov. kontraktů foreign exchange 0 - Nerealizovaný zisk z futures kontraktů 0 - Náklady na založení 4,090 - Nahromaděný úrok 0 - Pohledávky za prodané investiční cenné papíry 0 - Pohledávky za dividendy 183,646 - Pohledávky za upsané cenné papíry 601,778 - Hotovost v bankách 0 Pasiva celkem 34,736,506

226,759,585 0 0 0 0 755,914 666,196 19,908 7,107,077 235,308,680

95,735,947 0 0 0 0 357,142 245,177 259,703 752,351 97,350,320

1,204,243 0 322 0 0 0 3,714 2,774 33,564

1,529,700,885 0 0 0 0 29,494,200 6,085,341 5,211,053 59,206,575 1,629,698,054

1,244,617


50,895 3,516 523,885 54,196 0

0 6,383,820 838,057 326,283 0

12,709 553,424 21,769 138,395 0

0 0 0 1,884 0

0 1,082,704 86,745,686 10,279,653 0

0 34,111 11,384 9,834 0

0 0 0 0 0

0

0

0

0

0

0

0

632,492 34,104,014

7,548,160 227,760,520

726,297 96,624,023

1,884 1,242,733

98,108,043 1,531,590,011

55,329 6,682,175

0 0

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Europe Equity Growth Fund

Germany Equity Fund

Global Equity Fund

EUR

EUR

USD

Global Equity Global Emerging Value Fund Markets Equity Fund EUR USD

Global Leader Global Property Fund Equity Fund EUR

USD


14,713 0 1,020,897 67,012 1,102,622

26,969 0 5,461,899 22,486 5,511,354

7,116 0 1,675,443 70,529 1,753,088

0 772 17,745 186 18,703

2,303 0 26,429,302 7,675 26,439,280

1,466 0 100,880 3,499 105,845

64 0 52,704 0 52,768

9,458 1,513,392 87,749 67,851 54,317 5,811 756 112,684 1,852,018

8 11,818 719 671 500 0 0 760 14,476

59,113 18,634,891 4,517,336 776,694 673,824 0 17,667 946,011 25,625,536

1,480 89,181 4,741 4,645 2,986 0 0 5,403 108,436

109 21,003 1,087 14,602 503 1,496 3 1,421 40,224

813,744

(2,591)

12,544

Výdaje - Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie Ostatní výdaje Výdaje celkem

12,975 714,388 40,060 33,986 23,591 4,110 500 50,140 879,750

986 3,260,430 191,321 143,302 117,621 0 1,123 237,580 3,952,363

Čistý zisk/ztráta

222,872

1,558,991

(98,930)

4,227

(17,584,544) 0 26,533,552 0

(42,937,910) 0 100,557,645 0

1,051,011 0 19,332,664 0

13,215 9,368 105,587 0

59,642,265 0 329,381,890 0

448,438 0 327,861 0

631,395 0 52,962 0

0

(473)

0

0

0

- Realizované výsledky z investic a foreign exchange - Realizované výsledky z futures - Nerealizované výsledky z investic - Nerealizované výsledky z futures - Nerealizované výsledky z forwardových foreign exchange kontraktů Celkový výsledek investování

0 9,171,880

59,178,726

20,284,745

131,924

389,837,899

773,708

0

0

0

0

0

0

(62,956,669) (3,777,943)

(58,916,331) (38,631,586)

617,103 749,027

231,538,463 0 227,760,520

135,255,609 0 96,624,023

493,706 0 1,242,733

- Rozdělené dividendy - Čistý výnos z vydaných/zpětně odkoupených akcií

(46,130,481)

- Vzrůst (pokles) v čistých aktivech

(36,958,601) 71,062,615 0 34,104,014

Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

0

73

440,838,594 830,676,493 700,913,518 0 1,531,590,011

696,901 0

419,002 1,192,710

(4,111,850) (3,414,949)

5,489,465 0 6,682,175

3,414,949 0 0

VÝKAZ ČISTÝCH AKTIV K 30-04-2004 Global Resources Fund USD

Global Technology Fund USD

Italy Equity Fund

Japan Equity Fund

EUR

USD

Latin America Equity Fund USD

Netherlands Equity Fund

North America Equity Fund

EUR

USD

Aktiva - Investice 15,899,170 - Nerealizovaný zisk z termínov. kontraktů foreign exchange 0 - Nerealizovaný zisk z futures kontraktů 0 - Náklady na založení 0 - Nahromaděný úrok 0 - Pohledávky za prodané investiční cenné papíry 0 - Pohledávky za dividendy 17,531 - Pohledávky za upsané cenné papíry 1,037,391 - Hotovost v bankách 398,892

74,463,279 0 0 0 0 1,132,546 51,903 199,900 92,551

0 0 0 0 0 0 0 0 0

264,343,578 0 0 0 0 0 1,036,267 568,250 5,002,857

332,817,152 0 0 0 0 1,208,809 3,115,766 101,712 4,126,282

46,598,735 0 0 0 0 118,832 305,891 8,730 212,623

302,889,802 0 0 0 0 5,591,739 233,453 4,840,165 9,322,720

Pasiva celkem

75,940,179

0

270,950,952

341,369,721

47,244,811

322,877,879

0 0 1,210,137 379,327 0

0 2,139,309 965,235 597,834 0

0 120,261 132,278 66,372 0

0 3,721,663 489,878 426,505 0

17,352,984


259,001 659,395 147,601 26,350 0

0 770,988 348,746 140,408 0

0 0 0 0 0

0

0

0

0

0

1,092,347 16,260,637

1,260,142 74,680,037

0 0

1,589,464 269,361,488

3,702,378 337,667,343

Italy Equity Fund

Japan Equity Fund

EUR

USD

USD

EUR

USD

3,657 0 204,837 0 208,494

1 0 2,052,323 0 2,052,324

133 0 8,341,366 0 8,341,499

2,967 0 972,344 21,983 997,294

118 0 2,907,985 0 2,908,103

255 59,800 3,463 12,747 2,040 0 0 3,672

2,620 2,834,354 171,796 121,733 116,710 0 3,275 222,375

48,544 3,280,262 559,223 162,111 124,068 0 0 244,263

443 562,459 33,282 30,000 20,728 0 0 41,079

0 318,911 46,925,900

0 4,638,046 318,239,833

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Global Resources Fund USD

Global Technology Fund USD

Latin America Equity Fund

Netherlands Equity Fund

North America Equity Fund


724 0 219,715 7,761 228,200

1,114 0 224,493 6,676 232,283

Výdaje - Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie Ostatní výdaje

1,000 162,909 8,985 35,571 6,050 285 0 13,358

Výdaje celkem

228,158

1,437,059

81,977

3,472,863

4,418,471

687,991

5,449,759

42

(1,204,776)

126,517

(1,420,539)

3,923,028

309,303

(2,541,656)

(14,571,415) 0 28,703,203 0

(54,436) 0 495,146 0

(2,345,197) 0 80,102,847 0

Čistý zisk/ztráta - Realizované výsledky z investic a foreign exchange - Realizované výsledky z futures - Nerealizované výsledky z investic - Nerealizované výsledky z futures - Nerealizované výsledky z forwardových foreign exchange kontraktů Celkový výsledek investování - Rozdělené dividendy - Čistý výnos z vydaných/zpětně odkoupených akcií - Vzrůst (pokles) v čistých aktivech Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

593,219 0 2,470,757 0

2,462 1,166,350 68,463 64,393 39,704 275 4,941 90,471

13,586,258 0 17,506,890 0

(8,053,699) 0 16,191,058 0

9,488,645 0 36,547,633 0

0 3,064,018

0 12,927,012

0 567,227

0 76,337,111

0 35,016,176

0

0

0

0

0

5,309,994 8,374,012

7,398,954 20,325,966

(10,711,277) (10,144,050)

64,493,626 140,830,737

208,812,936 243,829,112

377,882 8,824,544

(102,614,569) (59,119,947)

7,886,625 0 16,260,637

54,354,071 0 74,680,037

10,144,050 0 0

128,530,751 0 269,361,488

93,838,231 0 337,667,343

38,101,356 0 46,925,900

377,359,780 0 318,239,833

74

0 8,446,662

1,980 4,451,919 261,695 199,924 161,556 0 42,742 329,943

0

0 43,494,622 0

VÝKAZ ČISTÝCH AKTIV K 30-04-2004 Pharma Fund

EUR

Russia Equity Small Companies Fund Europe Equity Fund EUR EUR

Socially Responsible Equity Fund EUR

Switzerland Equity Fund

US Equity Value Fund

Asia Bond Fund

CHF

USD

USD

Aktiva - Investice - Nerealizovaný zisk z termínov. kontraktů foreign exchange - Nerealizovaný zisk z futures kontraktů - Náklady na založení - Nahromaděný úrok - Pohledávky za prodané investiční cenné papíry - Pohledávky za dividendy - Pohledávky za upsané cenné papíry - Hotovost v bankách Pasiva celkem

76,029,453 0 0 7,473 0 0 57,329 53,509 377,857 76,525,621

2,488,682 0 0 20,000 0 0 392 0 540,916 3,049,990

34,140,393 0 0 8,494 0 1,025,490 97,393 46,645 976,927 36,295,342

5,086,027 0 0 0 0 119,373 19,379 122,041 36,122 5,382,942

63,316,799 0 0 0 0 397,461 84,940 3,794 23,934,054 87,737,048

28,892,648 0 0 0 0 372,481 22,371 50,615 542,472 29,880,587

17,870,964 0 2,344 0 292,321 0 26,250 29,624 25,492 18,246,995

0 0 201,930 115,171 0

0 213,519 0 5,026 0

0 635,353 641,009 53,886 0

0 129,466 0 10,112 0

0 538,858 84,138 120,571 0

0 667,642 0 42,376 0

0 0 8,102 22,993 0


0

0

0

0

0

0

317,101 76,208,520

218,545 2,831,445

1,330,248 34,965,094

139,578 5,243,364

743,567 86,993,481

710,018 29,170,569

0 31,095 18,215,900

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Pharma Fund

EUR

Russia Equity Small Companies Fund Europe Equity Fund EUR EUR

Socially Responsible Equity Fund EUR

Switzerland Equity Fund

US Equity Value Fund

Asia Bond Fund

CHF

USD

USD

79 0 741,042 7,236 748,357

0 875 102,687 0 103,562

1,793 1,616,345 0 0 1,618,138


15,706 0 881,838 23,266 920,810

0 0 396 0 396

20,392 0 530,164 10,190 560,746

980 0 101,388 1,684 104,052

2,097 1,100,523 58,600 58,124 36,368 4,099 124 72,575 1,332,510

0 5,846 216 2,637 384 0 0 238 9,321

1,700 456,498 24,844 29,830 14,262 8,531 0 30,420 566,085

761 96,084 5,096 5,186 3,089 0 0 5,416 115,632

0 1,209,335 71,482 53,241 44,066 0 0 93,958 1,472,082

5 159,261 9,839 8,192 8,010 0 0 10,610 195,917

47 222,975 32,409 24,208 10,641 274 0 24,071

(411,700)

(8,925)

(5,339)

(11,580)

(723,725)

(92,355)

1,303,513

(4,082,410) 0 9,318,593 0

(23,548) 0 (270,172) 0

3,878,381 0 5,878,533 0

(285,643) 0 1,197,779 0

5,380,478 0 16,020,153 0

1,288,497 0 (784,449) 0

794,740 (9) (883,121) 2,344

Výdaje - Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie Ostatní výdaje Výdaje celkem Čistý zisk/ztráta - Realizované výsledky z investic a foreign exchange - Realizované výsledky z futures - Nerealizované výsledky z investic - Nerealizované výsledky z futures - Nerealizované výsledky z forwardových foreign exchange kontraktů Celkový výsledek investování - Rozdělené dividendy - Čistý výnos z vydaných/zpětně odkoupených akcií - Vzrůst (pokles) v čistých aktivech Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

0 4,824,483 0 (1,897,959) 2,926,524 73,281,996 0 76,208,520

0

0

(302,645)

0

9,751,575

0

0

0

900,556 0

0

20,676,906 0

3,134,090 2,831,445

1,427,548 11,179,123

(2,306,236) (1,405,680)

(16,081,084)

0 0 2,831,445

23,785,971 0 34,965,094

6,649,044 0 5,243,364

82,397,659 0 86,993,481

75

4,595,822

314,625

0

411,693 0

1,217,467 0

23,475,184 23,886,877

(18,148,955)

5,283,692 0 29,170,569

35,147,388 0 18,215,900

(16,931,488)

VÝKAZ ČISTÝCH AKTIV K 30-04-2004 Czech Crown Bond Fund CZK

Euro Bond Fund

Euro Credit Bond Fund

EUR

EUR

Euro Government Bond Fund EUR

Europe Bond Fund

410,437,188 0 0 0 7,906,839 12,103,767 0 1,045,589 70,436,248 501,929,631

94,238,858 275,542 215,683 0 1,578,228 0 0 11,826 23,669,550 119,989,687

190,174,507 2,775,294 0 0 3,440,672 0 0 679,857 60,049,557 257,119,887

0 11,748,082 2,365,507 432,731 909,659

0 16,036,473 56,140 88,773 0

0 16,541,047 3,829,118 241,907 0

EUR

Global Global Emerging Bond Fund Markets Bond Fund (Euro) USD EUR

Aktiva - Investice 237,497,319 - Nerealizovaný zisk z termínov. kontraktů foreign exchange 0 - Nerealizovaný zisk z futures kontraktů 0 - Náklady na založení 508,290 - Nahromaděný úrok 6,312,319 - Pohledávky za prodané investiční cenné papíry 0 - Pohledávky za dividendy 0 - Pohledávky za upsané cenné papíry 1,484,634 - Hotovost v bankách 3,950,474 Pasiva celkem 249,753,036

541,558,813 0 0 0 13,711,449 550,740 813,058 927,736 5,573,667 563,135,463

68,399,788 0 0 0 1,752,998 10,924 0 117,700 842,713 71,124,123

29,642,014 0 0 0 742,238 52,950 84,442 50,575 251,348 30,823,567

0 2,660,389 1,795,806 460,940 0

0 580,175 212,289 69,866 0

0 50,652 103,942 24,083 0


0 0 2,714,522 344,384 0 0 3,058,906 246,694,130

0

0

0

230,052

4,917,135 558,218,328

862,330 70,261,793

178,677 30,644,890

15,686,031 486,243,600

0 16,181,386 103,808,301

0 20,612,072 236,507,815

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Czech Crown Bond Fund CZK

Euro Bond Fund

Euro Credit Bond Fund

EUR

EUR

Euro Government Bond Fund EUR

Europe Bond Fund

784 726,389 0 0 727,173

1,380,892 24,983,682 0 4,518 26,369,092

EUR

Global Global Emerging Bond Fund Markets Bond Fund (Euro) USD EUR


187,291 26,063,493 0 0 26,250,784

57,713 23,239,595 0 0 23,297,308

1,426 879,456 0 3,832 884,714

369,492 3,775,982 0 330 4,145,804

69,682 4,068,704 0 15,917 4,154,303

Výdaje - Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie Ostatní výdaje

7,981 5,326,545 1,155,251 645,276 235,136 207,167 0 588,153

2,038 3,510,188 236,780 231,197 241,075 45,106 0 66,106

27 174,125 8,871 11,000 8,996 0 0 18,384

18 115,246 8,847 10,594 8,886 0 0 19,216

11,693 4,238,640 279,344 286,269 274,803 0 14,880 556,281

Výdaje celkem

8,165,509

4,732,490

221,403

162,807

5,661,910


18,085,275

18,564,818

663,311

564,366

20,707,182

3,020,427

3,344,643

(8,594,209) 0 (11,873,070) 0

6,457,262 0 (8,860,334) 0

(2,455,846) 0 1,802,179 0

305,169 0 (257,125) 0

5,890,646 2,065,738 (8,849,960) (913,750)

7,087,680 (412,336) (3,567,378) 239,248

(2,929,139) 0 (7,630,245) 0

2,775,294 6,660,492

(4,439,447)

- Realizované výsledky z investic a foreign exchange - Realizované výsledky z futures - Nerealizované výsledky z investic - Nerealizované výsledky z futures - Nerealizované výsledky z forwardových foreign exchange kontraktů Celkový výsledek investování - Rozdělené dividendy - Čistý výnos z vydaných/zpětně odkoupených akcií - Vzrůst (pokles) v čistých aktivech Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

0 (2,382,004) 0

0 16,161,746

0 9,644

(1,650,829)

0

101,676,083

70,252,149

(463,521) 612,410 0 30,032,480

(462,299,205) (464,681,209)

116,187,000

70,261,793

30,644,890

711,375,339 0 246,694,130

442,031,328 0 558,218,328

0 0 70,261,793

0 0 30,644,890

76

292,851 18,436,335 0

5,280 834,483 55,503 55,639 55,737 0 0 118,735 1,125,377

11,090 612,212 37,551 39,220 50,192 0 0 59,395 809,660

0

0

(202,835,125) (184,398,790)

(5,416,326) 1,244,166

240,947,262 236,507,815

670,642,390 0 486,243,600

102,564,135 0 103,808,301

0 0 236,507,815

VÝKAZ ČISTÝCH AKTIV K 30-04-2004 Global Emerging Markets Bond Fund (USD) USD

High Yield Bond Fund (Euro) EUR

High Yield Bond Fund (USD) USD

- Investice 651,193,877 - Nerealizovaný zisk z termínov. kontraktů foreign exchange 0 - Nerealizovaný zisk z futures kontraktů 0 - Náklady na založení 2,748 - Nahromaděný úrok 11,781,520 - Pohledávky za prodané investiční cenné papíry 0 - Pohledávky za dividendy 0 - Pohledávky za upsané cenné papíry 2,327,961 - Hotovost v bankách 05,621,119 Pasiva celkem 870,927,225

226,985,317 0 0 2,916 4,396,558 2,573,150 700,118 4,350,948 6,194,383 245,203,390

Latin America Bond Fund

US Bond Fund


USD

USD

78,889,753 448,943 0 0 1,528,043 894,310 243,329 1,512,191 2,152,634 85,669,203

0 0 0 0 0 0 0 0 0 0

101,098,568 0 0 0 854,062 0 291,562 2,676,876 5,914,842 110,835,910

0 402,749 14,377 91,905 0

0 0 0 0 0

0 5,947,658 6,697,375 94,502 0


CZK

EUR

Aktiva 549,162,690 0 0 315,900 5,884,049 0 0 0 7,760,599 563,123,238

173,204,331 10,405 0 0 1,285,651 0 28,859 732,797 16,391,962 191,654,005

Pasiva - Překročení účtu v bance - Závazky za nakoupené cenné papíry - Závazky za zpětný odkup akcií - Závazky příštích období a další závazky - Nerealizovaný výsledek z futures kontraktů - Nerealizovaný výsledek z forwardových foreign exchange kontraktů

0 56,639,710 13,111,631 866,083 0

0 1,158,807 41,365 250,253 0

0 0 434,923 0 0

0 5,982,317 817,790 143,639 35,225

0

4,621,998

0

0

0

0

0

Pasiva celkem CELKOVÁ ČISTÁ AKTIVA

70,617,424 800,309,801

6,072,423 239,130,967

509,031 85,160,172

0 0

12,739,535 98,096,375

434,923 562,688,315

6,978,971 184,675,034

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Global Emerging Markets Bond Fund (USD) USD

Příjmy

- Bankovní úrok - Úrok z obligací - Dividenda - Půjčování CP Příjmy celkem

Výdaje

- Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie - Ostatní výdaje

610,964 40,416,583 0 17,445 41,044,992

High Yield Bond Fund (Euro) EUR 202,353 15,605,555 0 49,467 15,857,375

High Yield Bond Fund (USD) USD

Latin America Bond Fund

US Bond Fund



USD

USD

CZK

EUR

43,098 3,430,795 0 15,699 3,489,592

1,911 265,002 0 0 266,913

48,747 8,504,460 0 1,313 8,554,520

489,716 20,090,814 0 0 20,580,530

322,951 4,523,697 0 0 4,846,648

53,192 6,121,544 284,593 409,943 369,090 1,519 50,753 538,028

9,201 2,078,382 103,590 141,364 105,747 1,673 4,217 202,511

1,345 451,050 23,670 31,593 24,880 0 0 69,730

21 44,277 2,204 9,735 2,194 0 0 4,536

1,324 1,199,525 78,653 83,374 73,126 0 0 187,817

2,078 2,583,030 1,041,260 645,276 52,119 128,751 0 569,452

691 790,661 79,908 47,321 16,406 43,927 14,348 151,507

Výdaje celkem

7,828,662

2,646,685

602,268

62,967

1,623,819

5,021,966

1,144,769


33,216,330

13,210,690

2,887,324

203,946

6,930,701

15,558,564

3,701,879

- Realizované výsledky z investic a foreign exchange (720,164) - Realizované výsledky z futures - Nerealizované výsledky z investic (85,993) - Nerealizované výsledky z futures - Nerealizované výsledky z forwardových foreign exchange kontraktů

74,172,156

11,053,342

(1,123,386)

(519,771)

Celkový výsledek investování - Rozdělené dividendy - Čistý výnos z vydaných/zpětně odkoupených akcií - Vzrůst (pokles) v čistých aktivech Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

0 (69,820,338) 0 0 37,568,148 0

0 2,801,981 0

0 569,622 0

(7,982,509)

619,779

19,083,504 0

2,953,339 0

0 1,508,391

4,144,524

(6,543,726)

0 (8,360,968)

0 2,462,575

0

0

0

(35,225)

0

0

0

10,405

1,192,566 0

2,714,257 0

271,347,775 308,915,923

39,112,217 58,195,721

52,005,234 54,958,573

(11,403,625) (10,211,059)

(105,237,768) (102,523,511)

491,393,878 0 800,309,801

180,935,246 0 239,130,967

30,201,599 0 85,160,172

10,211,059 0 0

200,619,886 0 98,096,375

77

(219)

11,477,413 0

2,870,683 0

34,998,145 46,475,558

38,324,040 41,194,723

516,212,757 0 562,688,315

143,480,311 0 184,675,034

VÝKAZ ČISTÝCH AKTIV K 30-04-2004

USD

EUR

EUR

EUR

EUR

EUR

EUR

ABN AMRO Funds Combined USD

- Investice 51,403,978 - Nerealizovaný zisk z termínov. kontraktů foreign exchange 374,168 - Nerealizovaný zisk z futures kontraktů 0 - Náklady na založení 0 - Nahromaděný úrok 111,594 - Pohledávky za prodané investiční cenné papíry 0 - Pohledávky za dividendy 7,786 - Pohledávky za upsané cenné papíry 194,028 - Hotovost v bankách 16,982,350

48,801,220

75,752,656

144,785,540

151,737,280

43,969,724

16,297,126

8,103,187,533

0 0 1,571 1,120,008 41,313 5,690 110,215 0

0 704 2,922 1,388,641 97,895 49,020 172,409 0

0 2,618 6,633 2,170,971 222,155 167,904 343,543 1,338,568

0 4,453 6,688 1,492,119 290,605 237,753 351,905 2,144,276

0 1,719 2,657 153,199 111,922 90,722 97,924 717,570

0 814 1,186 0 47,545 37,096 34,650 278,572

4,438,083 230,770 120,793 64,020,313 85,241,370 22,042,687 34,879,708 572,976,522

69,073,904

50,080,017

77,464,247

149,037,932

156,265,079

45,145,437

16,696,989

8,887,137,779

- Překročení účtu v bance 0 - Závazky za nakoupené cenné papíry 4,387,525 - Závazky za zpětný odkup akcií 206,342 - Závazky příštích období a další závazky 60,990 - Nerealizovaný výsledek z futures kontraktů 8,959 - Nerealizovaný výsledek z forwardových foreign exchange kontraktů 0

290,689 51,820 0 35,132 0

Interest Growth Fund (USD)

Model Fund 1

Model Fund 2

Model Fund 3

Model Fund 4

Model Fund 5

Model Fund 6

Aktiva

Pasiva celkem

Pasiva

Pasiva celkem CELKOVÁ ČISTÁ AKTIVA

4,663,816 64,410,088

50,489 162,972 0 54,230 0

0 491,682 0 146,144 0

0 633,171 0 153,678 0

0

0

0

0

377,641 49,702,376

267,691 77,196,556

637,826 148,400,106

786,849 155,478,230

0 227,352 0 56,664 0

0 0 97,766 22,479 0

0

0

284,016 44,861,421

3,120,669 151,463,561 153,944,270 19,564,052 1,141,664 5,816,523

120,245 16,576,744

335,050,739 8,552,087,040

VÝKAZ ZMĚN ČISTÝCH AKTIV K FINANČNÍMU ROKU 2003/2004 Interest Growth Fund (USD) USD

Model Fund 1

Model Fund 2

EUR

Model Fund 3

EUR

Model Fund 4

EUR

Model Fund 5

EUR

ABN AMRO Funds Combined USD

Model Fund 6

EUR

EUR

3,940,704 162,001,524 86,395,096 1,600,537 253,937,861

330,854 86,340,839 10,458,670 4,672,875 3,788,165 199,435 178,512 7,326,694


142,942 789,461 0 0 932,403

32 1,937,527 0 348 1,937,907

27 2,381,965 259,464 5,401

13 3,488,438 957,650 19,041

25 2,550,297 1,402,654 31,815

10 281,192 507,863 11,625

2,646,857

4,465,142

3,984,791

800,690

5 3,731 201,349 6,167 211,252

546 313,860 31,021 23,738 5,879 30,177 0 65,628

301 260,611 21,970 26,315 22,195 715 0 43,209

461 397,700 30,438 39,046 34,198 1,354 0 68,944

1,070 1,101,759 99,021 71,766 63,603 3,074 0 122,012

1,114 1,201,646 107,706 78,211 68,783 3,096 0 133,101

405 445,359 29,989 25,148 19,254 1,234 0 37,214

161 170,957 11,482 25,000 7,294 545 0 14,238

Výdaje celkem

470,849

375,316

572,141

1,462,305

1,593,657

558,603

229,677

113,296,044


461,554

1,562,591

2,074,716

3,002,837

2,391,134

242,087

(18,425)

140,641,817

- Realizované výsledky z investic a foreign (137,730) exchange - Realizované výsledky z futures (231) - Nerealizované výsledky z investic (424,518) - Nerealizované výsledky z futures (8,959) - Nerealizované výsledky z forwardových foreign exchange kontraktů 374,169

(56,448)

(1,007,007)

(3,768,652)

(7,066,980)

(2,630,752)

0 (245,412) 0

20,536 2,440,053 (611)

76,350 9,607,457 (2,219)

129,847 17,275,178 (4,244)

50,122 6,617,166 (1,490)

23,743 3,210,323 (961)

0

0 1,696,283

Výdaje - Úrok - Management poplatky - Custody poplatky - Účetní a administrativní poplatky - Daně - Amortizace tvorby poplatků - Distribuční poplatky za D akcie - Ostatní výdaje

Celkový výsledek investování

0

0

0

0

(1,518,397)

56,059,937 2,434,850 952,367,452 (915,555) (5,498,672)

264,285

1,260,731

3,527,687

8,915,773

12,724,935

4,277,133

- Rozdělené dividendy 0 - Čistý výnos z vydaných/zpětně odkoupených akcií (10,297,584) - Vzrůst (pokles) v čistých aktivech (10,033,299)

0

0

0

0

0

0

10,582,791 11,843,522

16,384,084 19,911,771

37,300,534 46,216,307

33,281,302 46,006,237

11,625,713 15,902,846

3,175,485 4,871,768

1,159,368,707 2,302,479,561

Celková čistá aktiva k 30.dubnu 2003 - Konsolidace kurzových rozdílů Celková čistá aktiva k 30.dubnu 2004

37,858,854 0 49,702,376

57,284,785 0 77,196,556

102,183,799 0 148,400,106

109,471,993 0 155,478,230

28,958,575 0 44,861,421

11,704,976 0 16,576,744

5,998,421,914 251,185,565 8,552,087,040

74,443,387 0 64,410,088

78

1,145,089,829 (1,978,975)

VÝKAZ ZMĚN VYDANÝCH AKCIÍ za finanční rok 2003/20043 Počet akcií v oběhu k 01-05-2003

Asian Tigers Equity Fund ‘A’ Asian Tigers Equity Fund ‘D’ Behavioural Finance Japan Fund ‘A’ Biotech Fund ‘A’ Biotech Fund ‘D’ China Equity Fund ‘A’ China Equity Fund ‘D’ Eastern Europe Equity Fund ‘A’ Euro Equity Fund ‘A’ Europe Equity Fund ‘A’ Europe Equity Fund ‘D’ Europe Equity Growth Fund ‘A’ Europe Equity Growth Fund ‘D’ Germany Equity Fund ‘A’ Germany Equity Fund ‘D’ Global Equity Fund ‘A’ Global Equity Fund ‘D’ Global Equity Value Fund ‘A’ Global Emerging Markets Equity Fund ‘A’ Global Emerging Markets Equity Fund ‘D’ Global Leader Fund ‘A’ Global Resources Fund ‘A’ Global Technology Fund ‘A’ Global Technology Fund ‘D’ Japan Equity Fund ‘A’ Japan Equity Fund ‘D’ Latin America Equity Fund ‘A’ Netherlands Equity Fund ‘A’ North America Equity Fund ‘A’ North America Equity Fund ‘D’ Pharma Fund ‘A’ Pharma Fund ‘D’ Russia Equity Fund ‘A’ Small Companies Europe Equity Fund ‘A’ Socially Responsible Equity Fund ‘A’ Switzerland Equity Fund ‘A’ US Equity Value Fund ‘A’ Asia Bond Fund ‘A’ Czech Crown Bond Fund ‘A’ Euro Bond Fund ‘A’ Euro Bond Fund ‘B’ Euro Credit Bond Fund ‘A’ Euro Government Bond Fund ‘A’ Europe Bond Fund ‘A’ Europe Bond Fund ‘D’ Global Bond Fund ‘A’ Global Emerging Markets Bond Fund (Euro) ‘A’ Global Emerging Markets Bond Fund (Euro) 'B' Global Emerging Markets Bond Fund (Euro) ‘D’ Global Emerging Markets Bond Fund (USD) ‘A’ Global Emerging Markets Bond Fund (USD) ‘D’ High Yield Bond Fund (Euro) ‘A’ High Yield Bond Fund (Euro) ‘D’ High Yield Bond Fund (USD) ‘A’ US Bond Fund ‘A’ Interest Growth Fund CZK ‘A’ Interest Growth Fund (Euro) ‘A’ Interest Growth Fund (Euro) ‘I’ Interest Growth Fund (USD) ‘A’ Model Fund 1 ‘A’ Model Fund 2 ‘A’ Model Fund 3 ‘A’ Model Fund 4 ‘A’ Model Fund 5 ‘A’ Model Fund 6 ‘A’

1,577,417 1,441 148,942 1,133,379 3,759 1,400,766 0 1,887,971 4,128,785 4,779,758 2,086 3,865,561 1,309 2,340,191 812 3,804,563 1,696 10,868 18,466,126 10,117 157,659 165,592 1,910,689 4,683 4,896,550 4,341 2,037,294 1,417,038 4,128,288 29,564 2,393,579 20 0 1,167,404 232,764 557,352 100,212 435,665 6,395,448 5,798,459 749,976 0 0 7,476,165 95,288 1,203,396 0 0 0 3,969,084 38,119 3,435,488 1,601 557,206 2,292,084 4,936,041 2,424,218 0 977,045 693,915 1,191,912 2,418,092 3,016,115 964,654 457,206

Počet akcií vydaných

1,675,755 32,426 37,795 158,671 59,554 2,231,739 121,553 861,897 278,468 1,470,234 5,419 2,079,712 2,626 238,568 14,237 864,670 2,800 22,345 16,983,197 84,188 62,573 147,373 1,403,608 46,962 5,138,085 42,076 4,394,574 273,640 2,037,742 333,839 306,254 822 62,889 683,660 26,614 29,428 434,148 288,350 1,003,400 3,887,714 180,958 1,484,202 716,050 1,560,105 22,637 428,389 2,401,490 2,418,638 13,026 4,105,443 168,746 2,964,841 27,458 1,314,172 708,588 2,730,889 2,603,787 2,528 484,445 277,797 363,387 926,477 920,060 387,965 143,851

Počet akcií odkoup.

1,173,642 10,600 27,029 184,196 33,184 550,067 5,621 765,909 1,384,266 2,060,941 4,111 4,396,054 1,732 789,566 7,779 2,394,532 1,915 10,000 8,449,071 19,854 54,067 64,547 1,259,484 21,711 3,233,025 11,449 1,094,659 289,525 3,169,978 200,885 371,369 0 398 628,613 96,774 120,920 106,452 512,396 5,190,720 2,475,544 165,185 100,704 107,290 3,757,917 88,056 486,847 201,083 0 871 2,635,885 79,905 2,315,922 11,474 445,327 1,901,397 2,407,081 2,386,183 0 619,664 87,714 35,059 92,889 61,691 32,593 29,036

Počet akcií v oběhu k 30-04-2004

2,079,530 23,267 159,708 1,107,854 30,129 3,082,438 115,932 1,983,959 3,022,987 4,189,051 3,394 1,549,219 2,203 1,789,193 7,270 2,274,701 2,581 23,213 27,000,252 74,451 166,165 248,418 2,054,813 29,934 6,801,610 34,968 5,337,209 1,401,153 2,996,052 162,518 2,328,464 842 62,491 1,222,451 162,604 465,860 427,908 211,619 2,208,128 7,210,629 765,749 1,383,498 608,760 5,278,353 29,869 1,144,938 2,200,407 2,418,638 12,155 5,438,642 126,960 4,084,407 17,585 1,426,051 1,099,275 5,259,849 2,641,822 2,528 841,826 883,998 1,520,240 3,251,680 3,874,484 1,320,026 572,021

Následující fondy byly sloučeny ke dni 3.říjnu 2003: Počet akcií v oběhu 01-05-2003 Global Property Equity Fund ‘A’ Global Property Equity Fund ‘D’ Italy Equity Fund ‘A’ Latin America Bond Fund ‘A’

64,964 20 126,571 135,142

Počet vydaných akcií

Počet akcií odprod.

1198 0 10,391 22,529

44,727 20 36,205 32,783

* další informace najdete v poznámce č. 12 ve Finančních Výkazech

79

Počet akcií v oběhu 03-10-2003 21,435 0 100,757 124,888

Sloučeny do

Global Equity Fund ‘A’ Global Equity Fund ‘D’ Europe Equity Fund ‘A’ Global Emerging Markets Bond Fund (USD) ‘A’

POZNÁMKY 1. Účel SICAV Výhradním účelem SICAV jsou investice ve spravovaných fondech do převoditelných cenných papírů a dalších aktiv povolených právními normami s cílem rozložit investiční riziko a poskytnout akcionářům výsledky správy aktiv. SICAV může přijmout jakákoli opatření a provádět jakékoli transakce, které považuje za prospěšné pro splnění svého účelu a pro další maximální rozvoj v souladu se zákonem ze dne 30. března 1988 o institucích kolektivního investování. 2. Účetní politika Účetní závěrka je předkládána v souladu s obecně přijímanými účetními principy v Lucembursku. a. Principy ocenění Aktiva Fondu jsou oceňována poslední závěrečnou cenou na příslušném trhu, na kterém jsou tato aktiva obchodována, a která jsou k dispozici ráno (Lucemburského času). S ohledem na trh, tato cena bude použita z obchodního dne na tomto trhu, předcházejícího příslušnému Dni ocenění nebo z obchodního dne stejného jako je Den ocenění. Jestliže dostupná cena převoditelných cenných papírů určená výše uvedeným způsobem neodráží jejich skutečnou tržní hodnotu, bude hodnota takovýchto cenných papírů založena na rozumně předvídatelné prodejní ceně stanovené podle zásady správnosti a po zralé úvaze. Hodnota jiných aktiv je určena jejich účetní hodnotou. Je-li nepravděpodobné, že tato hodnota bude zaplacena nebo obdržena v plné výši, je vypočtena po odečtení příslušné částky tak, aby odrážela reálnou hodnotu. Představenstvo je přesvědčeno, že je v nejlepsím zájmu akcionářů, s přihlédnutím k běžným podmínkám na trhu a k objemům úpisů a zpětných odkupů v příslušném fondu a také k velikosti Fondu, aby NAV takového fodnu bylo počítáno s užitím ceny nabídky nebo poptávky a upraveno o jakékoliv související prodejní a obchodní poplatky to však za předpokladu, že takového poplatky nepřekročí 1% hodnoty čistých aktiv Fondu v daném okamžiku. Futures kontrakty, Forward exchanges a opce obchodované na burze nebo na jiných organizovaných trzích jsou oceněny podle posledních cen těchto kontraktů, a podle organizovaných trhů, na kterých jsou konkrétní kontrakty obchodovány společností SICAV. Akcie, futures kontrakty a kontrakty forward exchange byly pro účely této účetní závěrky oceněny dne 1. května 2004 na základě posledních cen a směnných kurzů, které byly k dispozici dne 30. dubna 2004. b. Cizí měny Transakce v cizích měnách jsou převedeny do měny fondu ve směnném kurzu platném v den provedení transakce. Aktiva a pasiva jsou převedena do měny fondu ve směnném kurzu platném pro datum rozvahy. Konsolidované výkazy čistých aktiv a změn čistých aktiv společnosti SICAV jsou předkládány v USD na základě směnného kurzu platného pro datum rozvahy. Tato konsolidovaná odchylka ve směnných kurzech, která je patrná na straně 74 je odlišná od té, která byla použitá v předchozím výkazu. c. Náklady na založení a další náklady Náklady na založení a další náklady jsou jednotlivým fondům přiděleny podle koeficientů určených představenstvem a na základě celkových čistých aktiv jednotlivých fondů. Náklady na založení jsou odepisovány během pěti let počínaje účetním rokem založení fondu. d. Investiční příjem a investiční transakce Příjem z dividendy je zaznamenán v den předcházející datu dividendy. Úrokový výnos je načítán denně. Investiční zisky a ztráty se určují na základě průměrných nákladů. Srážky se zaznamenávají jako opravy k úrokovému výnosu. 3. Zdanění SICAV SlCAV nepodléhá žádným lucemburským daním ze zisku nebo příjmu a dividendy, které SICAV vyplácí, nepodléhají v Lucembursku dani vybírané srážkou. SICAV je nicméně povinna platit v Lucembursku daň ve výši 0,05% ročně z NAV všech fondů kromě fondů Interest Growth Funds, ze kterých platí daň ve výši 0,01% NAV. Tato daň je splatná čtvrtletně na základě hodnoty agregovaných čistých aktiv fondů na konci příslušného kalendářního čtvrtletí. Vydání akcií v Lucembursku nepodléhá kolkovné ani jiné dani. V Lucembursku není uplatňována žádná daň z realizovaného kapitálového zhodnocení aktiv SICAV. V některých zemích mohou úroky, dividendy a kapitálový zisk z akcií podléhat srážkové dani nebo dani z kapitálového zisku.

4. Neuzavřené kontrakty foreign exchange Europe Bond Fund 24,818,889 13,346,364 17,025,356

EUR EUR PLN

185,000,000 65,125,318 359,635

DKK PLN EUR

09/06/2004 09/06/2004 09/06/2004

Global Bond Fund 4,305,596 3,405,101 720,000,000 4,174,256

(38,531) (121,793) (69,728) (230,052)

USD USD KRW USD

5,800,000 20,500,000 608,674 16,500,000

CAD DKK USD PLN

09/06/2004 09/06/2004 09/06/2004 09/06/2004

Global Emerging Markets Bond Fund (Euro) 240,400,000 EUR 284,732,164

92,563 93,490 1,393 88,096 275,542

USD

19/05/2004

High Yield Bond Fund (Euro) 187,900,000 EUR

2,775,294 2,775,294

230,784,417

USD

04/05/2004

High Yield Bond Fund (USD) 18,700,000 USD

(4,621,998) (4,621,998)

15,225,161

EUR

04/05/2004

Interest Growth Fund (Euro) 6,090,700 EUR 826,446 EUR 11,962,618 EUR 2,446,809 EUR

448,943 448,943

7,400,200 1,000,000 8,000,000 2,990,000

USD USD GBP USD

09/06/2004 09/06/2004 09/06/2004 09/06/2004

Interest Growth Fund (USD) 1,995,000 EUR 1,500,000 EUR 700,000 EUR 23,450,045 USD 3,655,173 USD 68,000 USD

(88,786) (8,597) 157,758 (49,970) 10,405

2,366,369 1,840,440 829,500 19,365,000 1,999,000 55,318

USD USD USD EUR GBP EUR

04/05/2004 09/06/2004 09/06/2004 09/06/2004 09/06/2004 09/06/2004

25,123 (44,125) 8,780 259,623 123,013 1,754 374,168

.

•

Výše uvedená čísla se objevují ve Výkazu čistých aktiv na stranách 72-78

5. Neuzavřené futures kontrakty Počet kontraktů

Popis

Splatnost

Měna

6. Transakce se spřízněnými stranami Smluvní nominální tržní hodnota

Celkový závazek v měně fondu Nerealizovaný

Investment Manager ABN AMRO Investment Funds S.A.

zisk/ztráta

Europe Bond Fund 520 (520) 230 207 650 177 (177) 112

3 Month Liffe Euribor Future 3 Month Liffe Euribor Future Euro Bobl Future Euro Bund Future Euro Schatz Future 90 Day £ Libor Future 90 Day £ Libor Future Long Gilt Future

06/05 09/04 06/04 06/04 06/04 09/05 09/06 06/04

EUR EUR EUR EUR EUR GBP GBP GBP

126,418,500 126,418,500 (127,218,000) (127,218,000) 25,638,100 25,638,100 23,616,630 23,616,630 68,965,000 68,965,000 20,963,438 31,011,218 (20,934,675) (30,968,669) 11,876,160 17,716,336 451,552,453

115 22 (37) 3 32 (32) (36) 27 (82) 11

Global Bond Fund Euro Schatz Future Euro Bobl Future Euro Bund Future Long Gilt Future 90 Day £ Libor Future 90 Day £ Libor Future US 5 Year Note CBT Future US 2 Year Note CBT Future US 10 Year Note CBT Future US Long Bond CBT Future

06/04 06/04 06/04 06/04 09/05 09/06 06/04 06/04 06/04 06/04

EUR EUR EUR GBP GBP GBP USD USD USD USD

12,201,500 2,452,340 (4,221,330) 320,790 3,790,000 (3,784,800) (3,957,750) 5,738,766 (9,061,000) 1,178,031

14,626,871 2,939,807 (5,060,431) 568,873 6,720,997 (6,711,776) (3,957,750) 5,738,766 (9,061,000) 1,178,031 56,564,302

(37,222) 2,110 11,089 (7,395) (2,328) 6,584 3,938 (44,718) 284,313 (688) 215,683

94 (94) 32 (32)

Interest Growth Fund (Euro) 3 Month Liffe Euribor Future 06/05 3 Month Liffe Euribor Future 09/04 90 Day £ Libor Future 09/05 90 Day £ Libor Future 09/06

EUR EUR GBP GBP

22,852,575 (22,997,100) 3,790,000 (3,784,800)

22,852,575 (22,997,100) 5,606,548 (5,598,855) 57,055,078

(81,075) 42,300 (1,942) 5,492 (35,225)

0.0606 0.1514 0.0303 0.0908 0.0303

3 Month Liffe Euribor Future 3 Month Liffe Euribor Future 90 Day £ Libor Future 90 Day £ Libor Future

06/05 09/04 09/05 09/06

EUR EUR GBP GBP

4,862,250 (4,893,000) 829,063 (827,925)

5,828,751 (5,865,613) 1,470,218 (1,468,201) 14,632,783

(20,529) 10,639 (510) 1,441 (8,959)

Global Equity Value Fund SPI 200 Future DJ Euro Stoxx 50 Future S&P 500 Future Topix Index Future S&P Barra Value Future

06/04 06/04 06/04 06/04 06/04

AUD EUR USD JPY USD

5,132 4,160 8,373 1,073,729 4,178

3,092 4,160 6,985 8,116 3,485 25,838

(33) 27 (29) 378 (21)

6,763 9,100 15,277 17,753 7,623 56,516

(72) 60 (64) 826 (46) 704

322

SPI 200 Future DJ Euro Stoxx 50 Future S&P 500 Future Topix Index Future S&P Barra Value Future

06/04 06/04 06/04 06/04 06/04

AUD EUR USD JPY USD

11,226 9,100 18,314 2,348,516 9,138


06/04 06/04 06/04 06/04 06/04

AUD EUR USD JPY USD

41,749 33,843 68,110 8,734,082 33,984

25,152 33,843 56,817 66,022 28,349 210,183

(267) 222 (239) 3,072 (170) 2,618

0.8378 2.0945 0.4189 1.2567 0.4189

Model Fund 4 SPI 200 Future DJ Euro Stoxx 50 Future S&P 500 Future Topix Index Future S&P Barra Value Future

06/04 06/04 06/04 06/04 06/04

AUD EUR USD JPY USD

71,002 57,555 115,834 14,853,839 57,796

42,775 57,555 96,626 112,282 48,213 357,451

(454) 377 (406) 5,224 (288) 4,453

0.3234 0.8085 0.1617 0.4851 0.1617


06/04 06/04 06/04 06/04 06/04

AUD EUR USD JPY USD

27,407 22,217 44,713 5,733,740 22,310

16,511 22,217 37,299 43,342 18,611 137,980

(175) 146 (157) 2,016 (111) 1,719

0.1532 0.3830 0.0766 0.2298 0.0766


06/04 06/04 06/04 06/04 06/04

AUD EUR USD JPY USD

12,983 10,524 21,181 2,716,094 10,568

7,822 10,524 17,669 20,531 8,816 65,362

(83) 69 (74) 955 (53)

Model Fund 5

Model Fund 6

Asia Bond Fund (3) US 10 Year CBT Future

06/04

USD

(331,500)

(331,500) (331,500)

Pharma Fund Russia Equity Fund Small Companies Europe Equity Fund

1.50% 2.00% 1.50%

Socially Responsible Equity Fund Switzerland Equity Fund US Equity Value Fund US Bond Fund

1.50% 1.35% 1.35% 0.75%

SICAV platí ABN AMRO Investment Funds S.A., managerovi fondů, roční management ve výše uvedených procentech z čistého jmění fondů. Tento poplatek narůstá poměrově k dennímu průměru hodnoty čistých aktiv každého fondu a je placen měsíčně.

Model Fund 3 0.4926 1.2315 0.2463 0.7389 0.2463

1.00% 1.50% 0.75% 1.00% 0.75% 1.35% 0.75% 1.35% 1.35% 1.35% 0.75% 1.00% 1.00% 1.50% 1.35% 1.35% 1.50% 1.50% 1.50% 1.00% 1.00% 0.50% 0.50% 0.50% 1.35% 1.50% 0.60% 0.60% 0.90% 0.90% 1.20% 1.20% 1.35% 1.35%

* Management Fees pro Třídu A, Třídus B a Třídu D akcií jsou stejné Management Fee pro Třídu I akcií je 0.25%

Model Fund 2 0.1325 0.3312 0.0662 0.1987 0.0662

Management fee* 1.00% 1.50% 1.70% 1.50% 1.50%

Czech Crown Bond Fund Eastern Europe Equity Fund Euro Bond Fund Euro Credit Bond Fund Euro Government Bond Fund Euro Equity Fund Europe Bond Fund Europe Equity Fund Europe Equity Growth Fund Germany Equity Fund Global Bond Fund Global Emerging Markets Bond Fund (Euro) Global Emerging Markets Bond Fund (USD) Global Emerging Markets Equity Fund Global Equity Fund Global Equity Value Fund Global Leader Fund Global Resources Fund Global Technology Fund High Yield Bond Fund (Euro) High Yield Bond Fund (USD) Interest Growth Fund CZK Interest Growth Fund (Euro) Interest Growth Fund (USD) Japan Equity Fund Latin America Equity Fund Model Fund 1 Model Fund 2 Model Fund 3 Model Fund 4 Model Fund 5 Model Fund 6 Netherlands Equity Fund North America Equity Fund

(442,000) 227,500 (40,570) (268,430) (175,500) (10,651) 30,289 (230,297) (909,659)

Interest Growth Fund (USD) 20 (20) 7 (7)

Název fondu Asia Bond Fund Asian Tigers Equity Fund Behavioural Finance Japan Fund Biotech Fund China Equity Fund

814 2,344 2,344

* Výše uvedená čísla se objeují ve Výkazu čistých aktiv na stranách 72 – 78.

81

7. Další transakce se spřízněnými stranami Custody/ sub-custody

Centrální administrace Poplatek agentovi

Asian Tigers Equity Fund Behavioural Finance Japan Fund Biotech Fund China Equity Fund Eastern Europe Equity Fund Euro Equity Fund Europe Equity Fund Europe Equity Growth Fund Germany Equity Fund Global Equity Fund Global Equity Value Fund* Global Emerging Markets Equity Fund Global Leader Fund Global Property Equity Fund Global Resources Fund Global Technology Fund Italy Equity Fund Japan Equity Fund Latin America Equity Fund Netherlands Equity Fund North America Equity Fund Pharma Fund Russia Equity Fund Small Companies Europe Equity Fund Socially Responsible Equity Fund Switzerland Equity Fund US Equity Value Fund Asia Bond Fund Czech Crown Bond Fund Euro Bond Fund* Euro Credit Bond Fund* Euro Government Bond Fund* Europe Bond Fund Global Bond Fund Global Emerging Markets Bond Fund (Euro)* Global Emerging Markets Bond Fund (USD)* High Yield Bond Fund (Euro)* High Yield Bond Fund (USD)* Latin America Bond Fund US Bond Fund Interest Growth Fund CZK Interest Growth Fund (Euro) Interest Growth Fund (USD) Model Fund 1* Model Fund 2* Model Fund 3* Model Fund 4* Model Fund 5* Model Fund 6* *

USD JPY EUR USD EUR EUR EUR EUR EUR USD EUR USD EUR USD USD USD EUR USD USD EUR USD EUR EUR EUR EUR CHF USD USD CZK EUR EUR EUR EUR USD EUR USD EUR USD USD USD CZK EUR USD EUR EUR EUR EUR EUR EUR

69,943 83,297 30,000 118,293 215,567 75,610 248,850 33,986 143,302 67,851 671 776,694 4,645 14,602 32,465 64,393 12,747 121,733 162,111 30,000 199,924 58,124 2,637 29,830 5,186 53,241 8,192 24,208 645,276 231,197 11,000 10,594 286,269 55,639 39,220 409,943 141,364 31,593 9,735 83,374 645,276 47,321 23,738 26,315 39,046 71,766 78,211 25,148 25,000


Transakční poplatek

138,181 413,620 18,583 239,700 1,253,578 100,098 335,388 40,060 191,321 87,749 719 4,517,336 4,741 1,087 12,091 68,463 3,463 171,796 559,223 33,282 261,695 58,600 216 24,844 5,096 71,482 9,839 32,409 1,155,251 236,780 8,871 8,847 279,344 55,503 37,551 284,593 103,590 23,670 2,204 78,653 1,041,260 79,908 31,021 21,970 30,438 99,021 107,706 29,989 11,482


38,944.89 2,044,561.00 721 69,054 5,120 13,746.06 22,325.11 30,391.37 8,508.11 40,449.95 0 7,933 6,940.89 4,731.71 22,793.02 7,771.29 2,022 12,518 4,304 7,111.27 10,904 2,612.83 627 43,940.23 6,407.11 13,747.33 4,832 5,698.00 122,088.00 2,614.38 0 0 3,749.17 12,625.02 0 290.72 0 0 0 8,861 97,041.00 1,893.52 2,453.16 0 0 0 0 0 0

Procento obchodu při transakcích se spřízněnými stranami (%) 5.83% 2.22% 0.00% 9.67% 0.00% 12.53% 14.15% 2.16% 3.28% 1.04% 0.00% 0.00% 0.15% 14.44% 1.49% 0.91% 0.00% 0.00% 0.00% 25.41% 0.00% 1.60% 0.00% 5.87% 5.01% 15.60% 0.00% 2.36% 85.74% 24.25% 0.00% 0.00% 22.89% 1.03% 0.00% 2.64% 0.00% 0.00% 0.00% 0.00% 95.14% 15.56% 1.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Makléřská provize se spřízněmými stranami 27,823.08 46,319.00 0.00 64,553.11 0.00 21,368.28 62,188.27 4,475.95 19,994.45 4,970.55 0 135,014.21 86.23 973.38 660.01 2,882.91 0 0 0 20,513.48 0.00 1,376.22 0 10,860.49 738.89 1,505.98 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Hodnota transakcí s e spřízněnými stranami (v milionech) 9.72 92.63 0.00 26.59 0.00 23.42 106.47 2.75 10.00 2.56 0.00 0.00 0.04 0.48 0.33 1.65 0.00 0.00 0.00 11.69 0.00 0.69 0.00 5.46 0.37 20.82 0.00 1.65 908.37 157.45 0.00 0.00 423.79 8.97 0.00 1.27 0.00 0.00 0.00 0.00 1,015.48 59.28 3.59 0.00 0.00 0.00 0.00 0.00 0.00

Modelové Fundy 1 až 6, Global Equity Value Fund, Euro Bond Fund, Euro Credit Bond Fund, Euro Government Bond Fund, Global Emerging Markets Bond Fund (Euro), Global Emerging Markets Bond Fund (USD), High Yield Bond Fund (Euro) a High Yield Bond Fund (USD) jsou administrovány na bázi společného managementu (jak je uvedeno v bodě 11 níže). Aktiva jsou administrována v níže uvedených portfoliích: Euro Fixed Income, Money Market, Global Equity, Global Property Equity, Global Emerging Markets Equity, Global Equity Value, Euro Credit Bond, Euro Government Bond, Global Emerging Markets Bond a High Yield Bond. Transakce spřízněnych stran pro tyto spoluspravované portfolia jsou následující:

Centrální administrace Poplatek agentovi

Euro Fixed Income Pool Euro Money Market Pool Global Emerging Markets Equity Pool Global Equity Pool Global Property Pool Global Value Equity Pool Euro Credit Bond Pool Euro Government Bond Pool High Yield Bond Pool Global Emerging Markets Bond Pool

EUR EUR EUR EUR EUR EUR EUR EUR EUR USD

0 0 0 0 0 0 0 0 0 0

Custody/ sub-custody


Transakční poplatek

0 0 0 0 0 0 0 0 0 0


5,346.94 1,155.43 513.95 30,343.06 22,793.02 13,732 4,657.71 2,160.00 12,970.28 8,593.96

Procento obchodu při transakcích se spřízněnými stranami (%)

22.51% 33.93% 30.00% 1.09% 7.31% 0.00% 22.60% 49.85% 0.00% 23.78%

Makléřská provize se spřízněmými stranami

0 0 4,818.04 5,438.13 3,444.44 0 0 0 0 0

Hodnota transakcí se spřízněnými stranami (v milionech)

87.06 27.76 2.41 2.72 1.66 0.00 114.97 280.83 0.00 525.29

Představenstvo Společnosti ustanovilo jako centrálního administrativního zástupce ABN AMRO Investment Funds S.A. Administrativní zástupce je odpovědný za administrativní úkony v celém rozsahu, které jsou vyžadovány lucemburskými právními kodexy, především za vedení účetnictví a kalkulaci NAV. Představenstvo Společnosti ustanovilo jako správce, plátce, domácího a společného zástupce ABN AMRO Bank (Luxembourg) S.A. Správce plní úkoly spojené s custody, úschovou hotovostí i akcií. Správce je především odpovědný za shromažďování dividend, úroků a splatnost akcií, uplatňování opcí a všeobecně za další každodenní administrativní operace s akciemi a likvidními aktivy SICAV. 8. Dohody o soft commissions Dohody o „Soft Commissions“, které byly aktuální během finančního roku, odpovídají zásadám, podle kterých zboží a služby získané na základě takovýchto dohod byly pro ABN AMRO Fondy prokazatelně přínosné. Provádění transakcí odpovídá nejkvalitnějším prováděcím normám a poplatky za zprostředkování nepřesahovaly poplatky za zprostředkování účtované institucemi za poskytování kompletních služeb.

82

9. Možnost úvěru ABN AMRO Bank (Luxembourg) S.A. poskytla SICAV možnost úvěru. Tato možnost úvěru bere v úvahu složenou strukturu AAF fondů, což je vyjádřeno fixním limitem ve výši 10% NAV pro každý z fondů a celkový limit je 500 miliónů EUR. Poskytnutí úvěru každému z fondů je jištěno relevantním aktivy příslušného fondu. 10. Půjčování cenných papírů. SICAV zahájil v dubnu 2002 půjčování cenných papírů. Celková hodnota půjčených cenných papírů k 30.dubnu 2004 činila 391,905,200.97 EUR. Tržní hodnota kolaterálu k 30.dubnu 2004 činila 428,626,523.00 EUR 11.Společné řízení fondů S cílem snížení operativních a administrativních poplatků při dodržení široké diverzifikace investic může představenstvo společnosti rozhodnout, že část nebo celý majetek jednoho či více portfolií bude řízen společně s majetkem podobných portfolií. Pro zefektivnění řízení portfolia může portfolio manager sdružovat řízení celého nebo částí majetku portfolií v souladu s jejich vlastní investiční politikou. Každé porfolio bube zastoupeno v příslušném sdružení majetku v poměru odpovídajícímu velikosti vloženého majetku do sdružení. Takové sdružení majetku je užíváno výhradně pro interní řízení portfolií a v žádném případě nezakládá samostatné entity a není přímo přístupné investorům. 12. Slučování fondů 3. října 2003 byly 3 podfondy AAF sloučeny s již existujícími podfondy v níže uvedeném poměru Akcie sloučených fondů Property Equity Fund – A Shares Latin America Bond Fund – A Shares Italy Equity Fund – A Shares

Poměr 1.676627281 0.620821536 1.015716271

A. Manns, Chairman, jménem představenstva

83

Akcie absorbujících fondů Global Equity Fund – A Shares Global Emerging Markets Bond Fund (USD) – A Shares Europe Equity Fund – A Shares

AUDITORSKÁ ZPRÁVA Akcionářům společnosti ABN AMRO Funds, SICAV L-2180 Luxembourg-Kirchberg Provedli jsme audit účetní závěrky, která se skládá z výkazu čistých aktiv, výkazu změn čistých aktiv, výkazu investic a přílohy k účetní závěrce ABN AMRO Funds a všech dílčích fondů k 30. dubnu 2004. Za účetní závěrku je zodpovědné představenstvo SICAV. Naší zodpovědností je vyjádřit na základě auditu výrok k této účetní závěrce. Audit jsme provedli v souladu s Mezinárodními standardy auditu. Tyto směrnice požadují, abychom audit naplánovali a provedli tak, abychom získali přiměřenou jistotu, že účetní závěrka neobsahuje významné nesprávnosti. Audit zahrnuje výběrové ověření podkladů prokazujících údaje a informace uvedené v účetní závěrce. Audit rovněž zahrnuje posouzení použitých účetních zásad a významných odhadů učiněných představenstvem SICAV při přípravě účetní závěrky a zhodnocení celkové prezentace účetní závěrky. Jsme přesvědčeni, že provedený audit poskytuje přiměřený podklad pro vyjádření našeho výroku. Podle našeho názoru připojená výše popsaná účetní závěrka, v souladu s právními a regulačnímu předpisy Lucemburska, pravdivě a věrně zobrazuje finanční pozici fondů ABN AMRO Funds a všech jejich dílčích fondů k 30. dubnu 2004 a výsledek hospodaření a změny čistých aktiv za účetní rok. Doplňující informace zahrnuté do výroční zprávy byly ověřeny v kontextu našeho pověření, ale nebyly předmětem specifických auditorských postupů prováděných v souladu s výše popsanými standardy. Z tohoto důvodu o těchto informacích nevyjadřujeme žádný výrok. Nemáme k dispozici žádné údaje o souvislosti takových informací s účetní závěrkou jako celkem. Luxembourg, 30. června 2004 ERNST & YOUNG S.A. Réviseur d’Entreprises M. Ferguson

HLAVNÍ RYSY • SICAV je otevřená investiční společnost založená podle právního řádu Lucemburského velkovévodství jako Société d’Investissement á Capital Variable registrovaná jako instituce kolektivního investování do převoditelných cenných papírů (Undertaking for Collective Investment) (dále „UCITS“) • SICAV umožňuje investorům investovat do několika fondů, z nichž každý se vztahuje ke zvláštnímu portfoliu cenných papírů a dalších aktiv, které povoluje lucemburské právo, se specifickými investičními cíli a různými úrovněmi rizika • pro účely vztahu s akcionáři je každý fond považován za samostatný subjekt s vlastním krytým kapitálem, kapitálovými zisky/ ztrátami, výdaji a výpočtem NAV • SICAV bude investovat hlavně do převoditelných cenných papírů • cílem SICAV je dosáhnout co nejlepších výsledků při udržení rizika v rámci hranic, které manažer považuje za přijatelné • SICAV může vydávat akcie čtyř tříd: akcie kapitálového růstu (akcie A), dividendové akcie (akcie B), distributorské akcie (akcie D) a institucionální akcie (akcie I). • SICAV řídí a při jeho činnosti mu radí společnost ABN AMRO Asset Management, která má dlouholeté zkušenosti v řízení investičních fondů • akcie mohou být obvykle upisovány, zpětně odkupovány nebo převáděny v den ocenění jak je popsáno v prospektu za ceny založené na NAV na akcii příslušné třídy v příslušném fondu v daný den ocenění (včetně všech příslušných poplatků). Den ocenění je všeobecně deb obchodu, který následuje po dni přijetí objednávky k nákupu, prodeji nebo konverze • NAV na akcii je vypočítávána na základě čistých aktiv fondu, ve vztahu ke kterému se akcie vydávají, a proto se hodnota akcií SICAV může v jednotlivých fondech lišit • SICAV má akciový kapitál představovaný plně splacenými akciemi bez nominální hodnoty, denominovanými v USD (dále „referenční měna SICAV“). Konsolidované účetní závěrky SICAV jsou zpracovávány v USD. NAV na akcii každého fondu jsou uváděny v referenční měně příslušného fondu

CELKOVÉ VÝDAJE Asia Bond Fund Asian Tigers Equity Fund Behavioural Finance Japan Fund Biotech Fund China Equity Fund Czech Crown Bond Fund Eastern Europe Equity Fund Euro Bond Fund Euro Credit Bond Fund Euro Government Bond Fund Euro Equity Fund Europe Bond Fund Europe Equity Fund Europe Equity Growth Fund Germany Equity Fund Global Bond Fund Global Emerging Markets Bond Fund (Euro) Global Emerging Markets Bond Fund (USD) Global Emerging Markets Equity Fund Global Equity Fund Global Equity Value Fund Global Leader Fund Global Resources Fund Global Technology Fund High Yield Bond Fund (Euro) High Yield Bond Fund (USD) Interest Growth Fund CZK Interest Growth Fund (Euro) Interest Growth Fund (USD) Japan Equity Fund Latin America Equity Fund Model Fund 1 Model Fund 2 Model Fund 3 Model Fund 4 Model Fund 5 Model Fund 6 Netherlands Equity Fund North America Equity Fund Pharma Fund Russia Equity Fund Small Companies Europe Equity Fund Socially Responsible Equity Switzerland Equity fund US Bond Fund US Equity Value Fund

30/04/2002 1.44% 1.90% 2.41% 1.79% 1.85% n/a 2.12% 0.94% n/a n/a 1.57% 0.92% 1.53% 1.58% 1.54% 0.97% n/a 1.53% 1.99% 1.57% n/a n/a 1.79% 1.73% 1.29% n/a n/a 0.70% 0.71% 1.58% 1.94% 0.88% 0.84% 1.17% 1.17% 1.53% 1.67% 1.57% 1.58% 1.79% n/a 1.77% 1.75% 1.58% 0.95% n/a

30/04/2003

30/04/2004

1.46% 1.94% 2.14% 1.88% 1.87% 1.51% 2.17% 0.97% n/a n/a 1.61% 0.95% 1.58% 1.62% 1.60% 1.00% n/a 1.23% 2.02% 1.63% 1.68% 1.78% 1.96% 1.79% 1.26% 1.41% 0.98% 0.73% 0.74% 1.62% 1.95% 0.86% 0.85% 1.18% 1.18% 1.53% 1.67% 1.61% 1.63% 1.78% n/a 1.79% 1.82% 1.62% 0.99% 1.67%

1.41% 1.97% 1.99% 1.88% 1.90% 1.53% 2.20% 1.01% 1.27% 1.06% 1.64% 1.00% 1.64% 1.64% 1.64% 1.01% 1.30% 1.26% 2.06% 1.64% 1.65% 1.80% 2.09% 1.84% 1.27% 1.33% 0.97% 0.72% 0.75% 1.65% 2.00% 0.86% 0.86% 1.19% 1.19% 1.50% 1.61% 1.65% 1.64% 1.81% n/a 1.85% 1.79% 1.64% 1.01% 1.66%

* Nezávislý zdroj Total Expense Ratios (TERs) je kalkulován Fitzrovia International plc www.fitzrovia.com

** Výše uvedená čísla jsou kalkulována na bázi údajů uvedených v tomto reportu, ale nejsou auditována

xembourg-Kirchberg

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