MAZARS
ECHIQUIER MAJOR FUND 53, Avenue d’IENA 75116 PARIS
Statement of the auditors Composition of the assets as at 29 June 2012
ECHIQUIER MAJOR FUND Composition of the assets as at 29 June 2012
Statement of the auditors As auditors of the ECHIQUIE MAJOR fund and in implementation of the provisions set down in article L. 214-17 of the French Monetary and Financial Code and in article 32 VI of AMF instruction no. 2011-19 adopted pursuant to the General Regulations of the AMF, we have verified the accuracy of the composition of the assets as appended to this statement. The composition of the assets was established under the responsibility of the management company. It falls to us, on the basis of our audits, to certify its accuracy. We have performed the procedures that we considered necessary in accordance with the professional standards of the French national audit body (Compagnie Nationale des Commissaires aux Comptes) relating to this assignment. These procedures involved appraising the accuracy of the information in terms of its coherence, its plausibility and its relevance. An audit of this nature, limited in terms of its objective, essentially consists of analytical procedures and meetings with the persons responsible for the information provided. We have no comments to make on the accuracy of the information provided in the appended document.
Executed at Courbevoie, 3 August 2012
The auditors
Mazars: Gilles DUNAND-ROUX
FR0010581728
FR0011188275
IC
I2
668 038 312.42
Total
701 123 632.54
32 749 320.12
Cash & Equivalent
336 000.00
Coupons & Dividends
Securities
654 080 448.40
32 749 320.12
336 000.00
620 995 128.28
Book Cost FCY
FR0010321828
C
Market Value FCY
ISIN Code
Unit
47 043 184.14
47 043 184.14
P&L
1 007.60000
138.78000
146.91000
NAV per share
74015
ECHIQUIER MAJOR
Summary
Code
Fund description
Fund description
Statement of Holdings of ECHIQUIER MAJOR as of 29/06/2012
Accruals
10 228 183.70000
19 664 755.84000
671 230 693.00000 EUR
EUR
EUR
Class Net Asset Value NAV Ccy
701 123 632.54 EUR
Net asset value Ccy
NAV Status
10 151.00000
141 694.63800
4 568 764.83300
Outstanding shares
OFF
08/08/2012 - Page 1 - Groupe Societe Générale
CAPITA
CONTINENTAL AG
GB00B23K0M20
DE0005439004
HEXAGON B
ILIAD
KRONES AG
KUEHNE UND NAGEL INTERNATIONAL AG-NOM
LINDT AND SPRUENGLI PS
L'OREAL
LUXOTTICA GROUP
MICHAEL PAGE INTERNATIONAL
SE0000103699
FR0004035913
DE0006335003
CH0025238863
CH0010570767
FR0000120321
IT0001479374
GB0030232317
SEB
FR0000121709
UMICORE
SCHNEIDER ELECTRIC SA
FR0000121972
BE0003884047
SAP AG
DE0007164600
SODEXO
ROCKWOOL INTERNATIONAL B
DK0010219153
TEMENOS GROUP AG-NOM
ROCHE HOLDING AG - BON DE JOUISSANCE DIVIDENDE
CH0012032048
CH0012453913
RECKITT BENCKISER GROUP PLC
GB00B24CGK77
FR0000121220
PUBLICIS GROUPE
QIAGEN NV
NL0000240000
PRYSMIAN SPA
IT0004176001
FR0000130577
PEARSON
PRUDENTIAL PLC
GB0006776081
GB0007099541
MICHELIN (CGDE)-SA
HENNES & MAURITZ AB-B SHS
SE0000106270
NOVOZYMES AS-B
HEINEKEN NV
NL0000009165
FR0000121261
GEBERIT AG-NOM
CH0030170408
DK0060336014
ELEKTA AB B
FRESENIUS MEDICAL CARE AG & CO
SE0000163628
DE0005785802
DAVIDE CAMPARI-MILANO SPA
BRENNTAG AG
DE000A1DAHH0
IT0003849244
BOURBON
FR0004548873
DANONE
BONDUELLE SA
FR0000063935
DASSAULT SYSTEMES
BENETEAU
FR0000035164
FR0000120644
AMADEUS IT HOLDING
FR0000130650
AIR LIQUIDE
ES0109067019
Asset description
FR0000120073
Equities
Securities
Security code
Holdings
Statement of Holdings of ECHIQUIER MAJOR as of 29/06/2012
188 000.00
1 060 000.00
296 000.00
330 000.00
457 000.00
449 000.00
207 000.00
136 000.00
515 000.00
1 063 000.00
480 000.00
1 670 000.00
2 420 000.00
1 390 000.00
360 000.00
365 000.00
2 820 000.00
550 000.00
195 500.00
4 700.00
128 000.00
320 000.00
60 000.00
1 560 000.00
794 000.00
280 000.00
75 000.00
293 000.00
375 000.00
3 450 000.00
66 000.00
346 000.00
266 000.00
2 600 000.00
159 000.00
880 100.00
162 076.00
1 313 849.00
1 110 000.00
127 600.00
Quantity / Amount
36.37000 EUR
15.65000 CHF
61.40000 EUR
48.94000 EUR
43.73000 EUR
46.54500 EUR
540.00000 DKK
163.60000 CHF
33.65000 GBP
13.18500 EUR
36.05000 EUR
11.74000 EUR
7.38000 GBP
12.66000 GBP
151.80000 DKK
51.48000 EUR
3.73900 GBP
27.62000 EUR
92.24000 EUR
2 930.00000 CHF
100.20000 CHF
39.77000 EUR
114.25000 EUR
118.20000 SEK
247.40000 SEK
41.14500 EUR
186.70000 CHF
55.83000 EUR
315.20000 SEK
5.49000 EUR
73.92000 EUR
49.01500 EUR
65.62000 EUR
6.56000 GBP
87.18000 EUR
19.00000 EUR
66.41000 EUR
7.60000 EUR
16.70000 EUR
90.05000 EUR
Price Ccy
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
Price Date
5 630 597.87
20 913 429.47
13 082 374.56
22 234 066.36
22 667 334.08
16 719 082.42
15 088 327.85
17 634 580.89
20 320 434.66
14 932 450.78
19 759 212.00
20 412 880.78
19 042 394.53
15 897 333.82
7 460 442.42
19 407 968.22
11 767 933.39
10 913 790.00
14 560 704.67
8 176 747.42
11 390 011.70
12 911 417.38
4 506 783.59
17 485 518.13
18 805 305.94
8 755 360.11
10 137 027.68
14 422 704.10
13 218 473.10
18 719 608.00
2 805 010.42
14 397 143.97
14 557 483.11
22 209 989.73
9 494 178.04
20 082 728.99
10 754 378.33
12 443 120.06
14 233 703.91
9 179 022.19
Book Cost FCY
6 837 560.00
13 789 692.44
18 174 400.00
16 150 200.00
19 984 610.00
20 898 705.00
15 037 533.30
18 495 095.59
21 479 610.81
14 015 655.00
17 304 000.00
19 605 800.00
22 136 341.10
21 811 353.50
7 351 682.94
18 790 200.00
13 068 889.44
15 191 000.00
18 032 920.00
11 447 215.30
10 661 346.63
12 726 400.00
6 855 000.00
21 018 602.95
22 391 437.17
11 520 600.00
11 639 650.87
16 358 190.00
13 473 463.43
18 940 500.00
4 878 720.00
16 959 190.00
17 454 920.00
21 140 307.39
13 861 620.00
16 721 900.00
10 763 467.16
9 985 252.40
18 537 000.00
11 490 380.00
Market Value FCY
Accruals
1 206 962.13
-7 123 737.03
5 092 025.44
-6 083 866.36
-2 682 724.08
4 179 622.58
-50 794.55
860 514.70
1 159 176.15
-916 795.78
-2 455 212.00
-807 080.78
3 093 946.57
5 914 019.68
-108 759.48
-617 768.22
1 300 956.05
4 277 210.00
3 472 215.33
3 270 467.88
-728 665.07
-185 017.38
2 348 216.41
3 533 084.82
3 586 131.23
2 765 239.89
1 502 623.19
1 935 485.90
254 990.33
220 892.00
2 073 709.58
2 562 046.03
2 897 436.89
-1 069 682.34
4 367 441.96
-3 360 828.99
9 088.83
-2 457 867.66
4 303 296.09
2 311 357.81
P&L
0.98
1.97
2.59
2.30
2.85
2.98
2.15
2.64
3.06
2.00
2.47
2.80
3.16
3.11
1.05
2.68
1.86
2.17
2.57
1.63
1.52
1.82
0.98
3.00
3.19
1.64
1.66
2.33
1.92
2.70
0.70
2.42
2.49
3.02
1.98
2.39
1.54
1.42
2.64
1.64
% TNA
08/08/2012 - Page 2 - Groupe Societe Générale
PnVarFee
PnVstdVarFee
F170EURI2
F171EURIC
Price Date
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
29/06/2012
Currency
EUR/CHF
EUR/DKK
EUR/GBP
EUR/NOK
EUR/SEK
EUR/USD
Used FX Rates
Total Cash & Equivalent
Total MANAGEMENT FEES
PnInvstMgrFee
PnVarFee
F170EURIC
PnInvstMgrFee
F110EURI2
F110EURIC
PnInvstMgrFee
F110EURC
MANAGEMENT FEES
Total CURRENT ACCOUNTS + SUSPENSE ACCOUNTS
Sous recev EUR BPP
Vte diff titres EUR
SR021EUR
SDS021EUR
BkDep EUR BPP
RedemPybl-Hedge
BK021EUR
RP021EUR
CURRENT ACCOUNTS + SUSPENSE ACCOUNTS
Cash & Equivalent
1.25900000
8.77280000
7.53300000
0.80680000
7.43340000
1.20300000
Used FX Rate
-135 409.25
-19 286.90
-327 041.06
-4 393.36
-1 916.33
-309 162.19
12 282 701.28
289 672.24
-1 089 045.68
22 063 201.37
0.79428118
0.11398869
0.13274924
1.23946455
0.13452794
0.83125520
Reverse FX Rate
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
336 000.00
32 749 320.12
-797 209.09
-135 409.25
-19 286.90
-327 041.06
-4 393.36
-1 916.33
-309 162.19
33 546 529.21
12 282 701.28
289 672.24
-1 089 045.68
22 063 201.37
336 000.00
29/06/2012
Total Coupons & Dividends
EUR
9 267 897.54
336 000.00
480 000.00
29/06/2012
16 196 391.54
Total Equities
FR0000130577
Equities
Coupons & Dividends
PUBLICIS GROUPE
80.09000 EUR
29/06/2012
18 399 784.53
Book Cost FCY
620 995 128.28
175 000.00
124.60000 EUR
Price Date 29/06/2012
620 995 128.28
ZODIAC AEROSPACE
FR0000125684
130 000.00
Price Ccy 26.38500 EUR
Total Securities
VOLKSWAGEN AG-PFD
DE0007664039
790 000.00
Quantity / Amount
Total Equities
UNILEVER CVA
NL0000009355
Statement of Holdings of ECHIQUIER MAJOR as of 29/06/2012 Security code Asset description
32 749 320.12
-797 209.09
-135 409.25
-19 286.90
-327 041.06
-4 393.36
-1 916.33
-309 162.19
33 546 529.21
12 282 701.28
289 672.24
-1 089 045.68
22 063 201.37
336 000.00
336 000.00
336 000.00
668 038 312.42
668 038 312.42
14 015 750.00
16 198 000.00
20 844 150.00
Market Value FCY
Accruals
47 043 184.14
47 043 184.14
4 747 852.46
1 608.46
2 444 365.47
P&L
4.67
-0.11
-0.02
0.00
-0.05
0.00
-0.04
4.79
1.75
0.04
-0.16
3.15
0.05
0.05
0.05
95.28
95.28
2.00
2.31
2.97
% TNA
08/08/2012 - Page 3 - Groupe Societe Générale