MAZARS
ECHIQUIER GLOBAL FUND 53, Avenue d’IENA 75116 PARIS
Statement of the auditors Composition of the assets as at 30 June 2011
ECHIQUIER GLOBAL FUND
Statement of the auditors
Composition of the assets as at 30 June 2011
As auditors of the ECHIQUIER GLOBAL 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
FR0010868174
IC
40 198 588.44
Total
40 959 927.47
700 931.49
Cash & Equivalent
60 407.54
Coupons & Dividends
Securities
39 442 066.90
700 931.49
60 627.80
38 680 507.61
Book Cost FCY
FR0010859769
C
Market Value FCY
ISIN Code
Unit
1 517 860.57
-220.26
1 518 080.83
P&L
112.59000
113.67000
NAV per share
74041
ECHIQUIER GLOBAL
Summary
Code
Fund description
Fund description
as of 30/06/2011
Statement of Holdings of ECHIQUIER GLOBAL
Accruals
337 082.79000
40 622 844.68000 EUR
EUR
Class Net Asset Value NAV Ccy
40 959 927.47 EUR
Net asset value Ccy
NAV Status
2 993.74900
357 363.84800
Outstanding shares
OFF
29/02/2012 - Page 1 - Groupe Societe Générale
HARBIN POWER EQ -H-
HENGAN INTERNATIONAL GROUP CO LTD
HOLCIM LTD-NOM
INFOSYS TECHNOLOGIES SP ADR
KONINKLIJKE VOPAK N.V.
LI NING CO
LINDT AND SPRUENGLI PS
L'OREAL
MEAD JOHNSON NUTRITION
MEDTRONIC INC
MICHAEL PAGE INTERNATIONAL
CNE1000003C0
KYG4402L1510
CH0012214059
US4567881085
NL0009432491
KYG5496K1242
CH0010570767
FR0000120321
US5828391061
US5850551061
GB0030232317
SABMILLER
SAMSUNG ELECTRONICS GDR
SANDVIK
TAIWAN SEMICONDUCTOR-SP ADR
TENCENT HOLDINGS LTD
SE0000667891
US8740391003
KYG875721485
NL0000240000
US7960508882
QIAGEN NV
NO0010199151
GB0004835483
PEARSON
PETROLEUM GEO SERVICES
GB0006776081
ORACLE CORP
GOOGLE INC-A
US38259P5089
US68389X1054
EXXON MOBIL CORP
US30231G1022
MONSANTO
EBAY INC
US2786421030
NIKE INC -B-
CTRIP.COM INTERNATIONAL ADR
US22943F1003
US6541061031
COLGATE PALMOLIVE CO
US1941621039
US61166W1018
COACH INC
ATLAS COPCO AB-A SHS
SE0000101032
CIE FIN RICHEMONT
AREVA
FR0011027143
US1897541041
ANGANG STEEL CO LTD-H
CNE1000001V4
CH0045039655
AMADEUS IT HOLDING
ES0109067019
BUREAU VERITAS
ALUMINIUM CORP OF CHINA SH H
CNE1000001T8
CHINA SHENHUA ENERGY CIE LTD
AIR LIQUIDE
FR0000120073
CNE1000002R0
ACCENTURE SHS CLASS A
FR0006174348
ABB LTD-NOM
IE00B4BNMY34
Asset description
CH0012221716
Equities
Securities
Security code
Holdings
42 500.00
101 350.00
68 550.00
1 900.00
42 150.00
76 250.00
37 500.00
73 000.00
43 250.00
16 885.00
21 200.00
163 500.00
41 850.00
15 450.00
10 950.00
460.00
670 000.00
33 100.00
20 650.00
20 795.00
181 500.00
1 026 000.00
2 815.00
8 250.00
48 500.00
17 300.00
16 490.00
22 800.00
23 100.00
200 500.00
8 850.00
21 450.00
20 200.00
929 000.00
77 050.00
1 358 000.00
8 275.00
19 825.00
54 350.00
Quantity / Amount
Statement of Holdings of ECHIQUIER GLOBAL as of 30/06/2011
211.20000 HKD
12.61000 USD
110.90000 SEK
387.60000 USD
22.71500 GBP
13.22000 EUR
77.10000 NOK
11.76000 GBP
32.91000 USD
89.98000 USD
72.54000 USD
5.35000 GBP
38.53000 USD
67.55000 USD
89.56000 EUR
2 620.00000 CHF
13.46000 HKD
33.79000 EUR
65.23000 USD
63.45000 CHF
69.80000 HKD
8.88000 HKD
506.38000 USD
81.38000 USD
32.27000 USD
43.08000 USD
87.41000 USD
63.93000 USD
55.05000 CHF
37.10000 HKD
58.24000 EUR
166.50000 SEK
25.71500 EUR
8.52000 HKD
14.31000 EUR
6.56000 HKD
98.84000 EUR
60.42000 USD
21.80000 CHF
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
Price Date
652 215.35
853 468.65
787 716.39
506 908.55
984 988.88
1 049 126.08
360 198.91
880 750.59
883 003.46
985 512.95
991 841.30
952 401.50
1 246 953.47
640 949.29
922 923.19
838 371.78
998 233.64
1 129 851.90
990 635.00
1 094 262.80
1 035 621.19
705 302.83
1 119 476.57
425 391.57
980 977.17
495 750.62
1 003 646.96
862 207.29
729 103.35
643 830.42
482 714.30
269 684.57
520 291.82
1 008 785.52
1 011 170.68
1 001 954.74
700 452.57
641 670.38
825 042.36
Book Cost FCY
798 044.01
884 261.74
828 676.46
509 541.27
1 060 813.53
1 008 025.00
371 268.06
951 171.68
984 818.03
1 051 208.95
1 064 033.76
969 170.68
1 115 671.83
722 097.49
980 682.00
998 425.98
801 795.95
1 118 449.00
931 986.09
1 093 068.30
1 126 356.97
810 036.01
986 272.54
464 529.86
1 082 885.91
515 660.42
997 295.30
1 008 513.11
1 053 479.41
661 351.41
515 424.00
389 302.80
519 443.00
703 719.05
1 102 585.50
792 040.90
817 901.00
828 773.61
981 550.82
Market Value FCY
Accruals
145 828.66
30 793.09
40 960.07
2 632.72
75 824.65
-41 101.08
11 069.15
70 421.09
101 814.57
65 696.00
72 192.46
16 769.18
-131 281.64
81 148.20
57 758.81
160 054.20
-196 437.69
-11 402.90
-58 648.91
-1 194.50
90 735.78
104 733.18
-133 204.03
39 138.29
101 908.74
19 909.80
-6 351.66
146 305.82
324 376.06
17 520.99
32 709.70
119 618.23
-848.82
-305 066.47
91 414.82
-209 913.84
117 448.43
187 103.23
156 508.46
P&L
1.95
2.16
2.02
1.24
2.59
2.46
0.91
2.32
2.40
2.57
2.60
2.37
2.72
1.76
2.39
2.44
1.96
2.73
2.28
2.67
2.75
1.98
2.41
1.13
2.64
1.26
2.44
2.46
2.57
1.62
1.26
0.95
1.27
1.72
2.69
1.93
2.00
2.02
2.40
% TNA
29/02/2012 - Page 2 - Groupe Societe Générale
3M
US88579Y1010
978 935.45 750 877.85
NIKE INC -B-
TAIWAN SEMI. SP ADR
TINGYI HOLDING
US6541061031
US8740391003
KYG8878S1030
RedemPybl-Hedge
Sous recev EUR BPP
Vte diff titres EUR
BDS021EUR
RP021EUR
SR021EUR
SDS021EUR
30/06/2011
30/06/2011
30/06/2011
30/06/2011
9 685.75
29 529.94
2 789.04
1 839.15
12 950.60
-172.57
Price Date
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
30/06/2011
Currency
EUR/CHF
EUR/CNY
EUR/GBP
EUR/HKD
EUR/NOK
EUR/SEK
EUR/USD
Used FX Rates
1.44530000
9.17390000
7.78750000
11.24750000
0.90255000
9.34160000
1.20710000
0.69189788
0.10900489
0.12841091
0.08890865
1.10797186
0.10704804
0.82843178
Reverse FX Rate
-40 595.16
-172.57
741 699.22
310 575.83
48 322.54
-98 616.96
700 931.49
Used FX Rate
1.00000 EUR 1.00000 EUR
889 709.75 -408 291.94
Total Cash & Equivalent
-40 595.16
1.00000 EUR
1.00000 EUR
1.00000 EUR
1.00000 EUR
-40 767.73
PrFinManagFees
F110EUR
310 575.83
48 322.54
-98 616.96
-408 291.94
1.00000 EUR
USD
USD
USD
USD
30/06/2011
2 374.48
1 458.84
Total MANAGEMENT FEES
PnInvstMgrFee
F110EURIC
MANAGEMENT FEES
Total CURRENT ACCOUNTS + SUSPENSE ACCOUNTS
BkDep EUR BPP
DsPur-Sec
BK021EUR
CURRENT ACCOUNTS + SUSPENSE ACCOUNTS
Cash & Equivalent 889 709.75
328 000.00
101 350.00
18 585.00
14 600.00
CNY
30/06/2011
60 627.80
MEAD JHN NUTRITION
US5828391061
970 000.00
USD
Total Coupons & Dividends
HARBIN POWER EQ -H
CNE1000003C0
21 800.00
30/06/2011
30/06/2011
30/06/2011
881 602.59
1 116 403.30
60 627.80
COACH INC
CNY
94.85000 USD
55.24000 USD
30/06/2011
30/06/2011
604 146.78 775 439.01
Total Equities
ALUMINIUM CHINA H
CNE1000001T8
US1897541041
Equities
Coupons & Dividends
1 358 000.00
11 700.00
28 550.00
84.26000 USD
88.51000 USD
30/06/2011 30/06/2011
1 359 714.04
Book Cost FCY
38 680 507.61
YUM BRANDS INC
US9884981013
16 870.00
24.05000 HKD 19.50000 EUR
Price Date 30/06/2011
Total Securities
VISA INC-A
US92826C8394
18 650.00
Price Ccy 48.22000 USD
38 680 507.61
UNITED TECHNOLOGIES CORP
US9130171096
41 812.00
328 000.00
32 878.00
Quantity / Amount
Total Equities
TINGYI HOLDING
UNITED COMP RUSAL
KYG8878S1030
US8816242098
US9098832093
Asset description
TEVA PHARMACEUTICAL IND. ADR
Security code
Statement of Holdings of ECHIQUIER GLOBAL as of 30/06/2011
700 931.49
-40 767.73
-40 595.16
-172.57
741 699.22
310 575.83
48 322.54
-98 616.96
-408 291.94
889 709.75
60 407.54
60 407.54
9 690.44
29 137.65
2 790.39
1 838.51
13 083.41
2 375.63
1 491.51
40 198 588.44
40 198 588.44
767 830.21
1 091 193.52
983 509.44
1 142 123.78
815 334.00
701 346.97
1 096 919.09
Market Value FCY
Accruals
-220.26
-220.26
4.69
-392.29
1.35
-0.64
132.81
1.15
32.67
1 518 080.83
1 518 080.83
16 952.36
112 258.07
101 906.85
25 720.48
39 894.99
97 200.19
-262 794.95
P&L
1.71
-0.10
-0.10
1.81
0.76
0.12
-0.24
-1.00
2.17
0.15
0.15
0.02
0.07
0.01
0.00
0.03
0.01
0.00
98.14
98.14
1.88
2.66
2.40
2.79
1.99
1.71
2.68
% TNA
29/02/2012 - Page 3 - Groupe Societe Générale