MAZARS
ECHIQUIER AGENOR FUND 53, Avenue d’IENA 75116 PARIS
Statement of the auditors Composition of the assets as at 30 June 2011
ECHIQUIER AGENOR FUND
Statement of the auditors
Composition of the assets as at 30 June 2011
As auditors of the ECHIQUIER AGENOR fund and in implementation of the provisions set down in article L. 214-8 of the French Monetary and Financial Code and in article 38 VI of AMF instruction no. 2005-01 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, 5 August 2011 The auditors
Mazars: Gilles DUNAND-ROUX
FR0010581710
IC
617 665 950.17
546 829.43
Total
643 800 315.79
23 887 228.77
Cash & Equivalent
1 700 307.42
Money Market
Coupons & Dividends
Securities
592 579 218.01
23 887 228.77
1 700 000.00
558 983.05
566 433 006.19
Book Cost FCY
FR0010321810
C
Market Value FCY
ISIN Code
Unit
51 218 654.06
-12 153.62
51 230 807.68
P&L
198.42000
196.66000
NAV per share
74011
ECHIQUIER AGENOR
Summary
Code
Fund description
Fund description
as of 30/06/2011
Statement of Holdings of ECHIQUIER AGENOR
2 443.72
307.42
2 136.30
Accruals
5 570 575.14000
638 229 740.65000 EUR
EUR
Class Net Asset Value NAV Ccy
643 800 315.79 EUR
Net asset value Ccy
NAV Status
28 074.01300
3 245 210.28000
Outstanding shares
OFF
29/02/2012 - Page 1 - Groupe Societe Générale
FLUGHAFEN WIEN
FOURLIS HOLDING
AT0000911805
GRS096003009
NOBIA
NUTRECO HOLDING NV
PIAGGIO & C
PIERRE & VACANCES
ROCKWOOL INTERNATIONAL B
SAFILO GROUP
SARTORIUS VZ
SCHIBSTED
SECHILIENNE-SIDEC
SIMCORP
SE0000949331
NL0000375400
IT0003073266
FR0000073041
DK0010219153
IT0004604762
DE0007165631
NO0003028904
FR0000060402
DK0016026164
MOTHERCARE
GB0009067447
MTU AERO ENGINES HLDG AG
MEDIQ
NL0009103530
NEMETSCHEK
MAYR-MELNHOF KARTON AG
DE0006452907
MANUTAN INTERNATIONAL
FR0000032302
AT0000938204
DE000A0D9PT0
LOCINDUS
MACINTOSH RETAIL GROUP
FR0000121352
LINDAB
SE0001852419
NL0000367993
KESA ELECTRICALS
KRONES AG
GB0033040113
DE0006335003
HYMER
EVENTIM AG ORD SHS
DE0006096704
DUFRY GROUP-NOM
CH0023405456
DE0005470306
GERRESHEIMER AG
DELACHAUX S.A.
FR0000032195
GFK
DE LONGHI
IT0003115950
DE000A0LD6E6
BUCHER INDUSTRIES AG-NOM
CH0002432174
DE0005875306
BIG YELLOW GROUP
BOURSORAMA
FR0000075228
BIESSE
IT0003097257
GB0002869419
BENETEAU
BETER BED HOLDING
BAUER AG
DE0005168108
NL0000339703
ARCADIS NV
NL0006237562
FR0000035164
ANSALDO STS SPA
APRIL GROUP
FR0004037125
EUROFINS Eurib3 13 OBSAR *EUR
Asset description
IT0003977540
Equities
Total Bonds
FR0010292763
Bonds
Securities
Security code
Holdings
148 000.00
720 000.00
700 000.00
602 222.00
1 282 700.00
135 790.00
275 000.00
6 321 660.00
290 000.00
2 841 300.00
366 180.00
339 000.00
2 730 000.00
1 005 000.00
160 000.00
132 000.00
796 986.00
145 849.00
1 828 500.00
252 000.00
8 050 000.00
140 350.00
477 500.00
255 300.00
2 130 000.00
5 649.00
210 000.00
170 000.00
20 570.00
2 408 290.00
116 010.00
2 121 910.00
2 717 400.00
872 000.00
390 000.00
1 030 000.00
436 500.00
673 660.00
660 000.00
1 640 000.00
1 601 160.00
Quantity / Amount
Statement of Holdings of ECHIQUIER AGENOR as of 30/06/2011
1 015.00000 DKK
17.10000 EUR
172.20000 NOK
31.70000 EUR
10.96000 EUR
628.00000 DKK
57.49000 EUR
2.88800 EUR
50.71000 EUR
41.50000 SEK
32.90500 EUR
55.08000 EUR
3.98000 GBP
13.29000 EUR
81.39000 EUR
53.20000 EUR
16.60000 EUR
20.87000 EUR
69.15000 SEK
58.38000 EUR
1.37700 GBP
39.15000 EUR
36.40000 EUR
32.91500 EUR
4.14000 EUR
35.09500 EUR
47.65000 EUR
105.90000 CHF
80.22000 EUR
8.03500 EUR
185.40000 CHF
8.16000 EUR
3.07700 GBP
5.55000 EUR
18.81000 EUR
14.85000 EUR
29.31000 EUR
16.87000 EUR
19.39000 EUR
9.66500 EUR
96.61000 EUR
Price Ccy
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
16/06/2011
Price Date
17 638 732.68
14 728 900.86
10 789 598.13
11 020 531.68
12 730 705.86
8 124 403.54
16 032 188.90
15 829 964.21
13 510 415.52
17 664 431.14
5 777 720.45
11 183 015.70
15 624 385.70
11 821 982.97
12 200 096.40
5 543 620.71
13 011 147.30
5 316 583.45
16 851 404.54
8 822 203.93
20 958 914.37
9 650 696.90
14 354 228.04
8 148 479.83
14 763 071.71
212 415.72
7 177 224.94
4 248 650.91
804 456.27
11 003 002.81
10 444 094.39
18 907 859.13
9 856 995.57
4 418 198.48
4 673 037.82
14 795 325.88
14 411 068.98
9 985 092.54
13 832 555.44
15 408 003.50
1 552 387.96
1 552 387.96
Book Cost FCY
20 140 238.92
12 312 000.00
15 478 651.69
19 090 437.40
14 058 392.00
11 433 107.65
15 809 750.00
18 256 954.08
14 705 900.00
12 853 197.66
12 049 152.90
18 672 120.00
12 038 557.42
13 356 450.00
13 022 400.00
7 022 400.00
13 229 967.60
3 043 868.63
13 782 663.32
14 711 760.00
12 281 701.84
5 494 702.50
17 381 000.00
8 403 199.50
8 818 200.00
198 251.66
10 006 500.00
14 914 257.31
1 650 125.40
19 350 610.15
17 818 121.12
17 314 785.60
9 264 239.99
4 839 600.00
7 335 900.00
15 295 500.00
12 793 815.00
11 364 644.20
12 797 400.00
15 850 600.00
1 549 016.97
1 549 016.97
Market Value FCY
2 136.30
2 136.30
Accruals
2 501 506.24
-2 416 900.86
4 689 053.56
8 069 905.72
1 327 686.14
3 308 704.11
-222 438.90
2 426 989.87
1 195 484.48
-4 811 233.48
6 271 432.45
7 489 104.30
-3 585 828.28
1 534 467.03
822 303.60
1 478 779.29
218 820.30
-2 272 714.82
-3 068 741.22
5 889 556.07
-8 677 212.53
-4 155 994.40
3 026 771.96
254 719.67
-5 944 871.71
-14 164.06
2 829 275.06
10 665 606.40
845 669.13
8 347 607.34
7 374 026.73
-1 593 073.53
-592 755.58
421 401.52
2 662 862.18
500 174.12
-1 617 253.98
1 379 551.66
-1 035 155.44
442 596.50
-5 507.29
-5 507.29
P&L
3.13
1.91
2.40
2.97
2.18
1.78
2.46
2.84
2.28
2.00
1.87
2.90
1.87
2.08
2.02
1.09
2.06
0.47
2.14
2.29
1.91
0.85
2.70
1.31
1.37
0.03
1.55
2.32
0.26
3.01
2.77
2.69
1.44
0.75
1.14
2.38
1.99
1.77
1.99
2.46
0.24
0.24
% TNA
29/02/2012 - Page 2 - Groupe Societe Générale
STROEER OUT OF
TAKKT AG
TECAN GROUP N
TELEPERFORMANCE
VILMORIN & CIE
WINCOR NIXDORF
ZUMTOBEL AG
DE0007493991
DE0007446007
CH0012100191
FR0000051807
FR0000052516
DE000A0CAYB2
AT0000837307
Vte diff titres EUR
SDS021EUR
PnInvstMgrFee
F110EURIC
Price Date
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
Currency
EUR/CHF
EUR/DKK
EUR/GBP
EUR/NOK
EUR/SEK
Used FX Rates
Total Cash & Equivalent
Total MANAGEMENT FEES
PnInvstMgrFee
F110EURC
MANAGEMENT FEES
Total CURRENT ACCOUNTS + SUSPENSE ACCOUNTS
RedemPybl-Hedge
Sous recev EUR BPP
RP021EUR
BDS021EUR
SR021EUR
BkDep EUR BPP
DsPur-Sec
BK021EUR
CURRENT ACCOUNTS + SUSPENSE ACCOUNTS
Cash & Equivalent
9.17390000
7.78750000
0.90255000
7.45870000
1.20710000
Used FX Rate
-2 896.81
-673 364.27
8 364 213.88
444 837.38
-1 308 070.52
-4 759 716.18
21 822 225.29
0.10900489
0.12841091
1.10797186
0.13407162
0.82843178
Reverse FX Rate
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
23 887 228.77
-676 261.08
-2 896.81
-673 364.27
24 563 489.85
8 364 213.88
444 837.38
-1 308 070.52
-4 759 716.18
21 822 225.29
1 700 000.00
1 700 000.00
Total Money Market
30/06/2011 1 700 000.00
BRED 0.93% 01/07/11
0.93000 EUR
370 412.18
30 670.00
157 900.87
566 433 006.19
7 000 278.00
7 000 278.00
557 880 340.23
13 965 835.25
10 724 174.35
12 728 883.58
15 343 606.58
13 758 471.17
11 135 882.55
13 883 131.99
Total Non-discounted
FR0119816132
Non-discounted
Money Market
1 700 000.00
30/06/2011
30/06/2011
30/06/2011
29/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
14 064 947.86
Book Cost FCY
558 983.05
GBP
EUR
GBP
100.39474 EUR
18.10000 EUR
49.83500 EUR
85.00000 EUR
20.26500 EUR
70.35000 CHF
11.15000 EUR
19.16000 EUR
Price Date 30/06/2011
558 983.05
2 730 000.00
Price Ccy 1.95400 EUR
Total Coupons & Dividends
MOTHERCARE
GB0009067447
30 670.00
3 065 000.00
70 000.00
785 909.00
233 200.00
183 200.00
620 000.00
256 000.00
1 260 000.00
670 000.00
7 707 000.00
Quantity / Amount
Total Equities
BIG YELLOW GROUP
DELACHAUX S.A.
GB0002869419
FR0000032195
Equities
Coupons & Dividends
Total Securities
Total Ucits
FR0010839282
Ucits
ECHIQUIER MONETAIRE C
SORIN
IT0003544431
Total Equities
Asset description
Security code
Statement of Holdings of ECHIQUIER AGENOR as of 30/06/2011
23 887 228.77
-676 261.08
-2 896.81
-673 364.27
24 563 489.85
8 364 213.88
444 837.38
-1 308 070.52
-4 759 716.18
21 822 225.29
1 700 307.42
1 700 307.42
1 700 307.42
546 829.43
546 829.43
359 946.82
30 670.00
156 212.61
617 665 950.17
7 027 631.80
7 027 631.80
609 089 301.40
14 224 952.90
11 621 522.00
15 572 000.00
12 564 300.00
14 919 724.96
14 049 000.00
12 837 200.00
15 059 478.00
Market Value FCY
307.42
307.42
307.42
2 136.30
Accruals
-12 153.62
-12 153.62
-10 465.36
-1 688.26
51 230 807.68
27 353.80
27 353.80
51 208 961.17
259 117.65
897 347.65
2 843 116.42
-2 779 306.58
1 161 253.79
2 913 117.45
-1 045 931.99
994 530.14
P&L
3.71
-0.11
-0.11
3.81
1.30
0.07
-0.20
-0.74
3.39
0.26
0.26
0.26
0.09
0.09
0.06
0.01
0.02
95.94
1.09
1.09
94.61
2.21
1.81
2.42
1.95
2.32
2.18
1.99
2.34
% TNA
29/02/2012 - Page 3 - Groupe Societe Générale
Price Date
30/06/2011
Currency
EUR/TRY
2.35000000
Used FX Rate
Statement of Holdings of ECHIQUIER AGENOR as of 30/06/2011
0.42553191
Reverse FX Rate
29/02/2012 - Page 4 - Groupe Societe Générale