Structured Invest

31 December 2016 Management Company: Structured Invest S.A. HR R.C.S. Luxembourg B 112 174

Audited Annual Report 2016 SI UCITS ETF A Fund constituted under Luxembourg Law as a “Fonds Commun de Placement à compartiments multiples” (FCP)

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INDEX IMPORTANT INFORMATION 4 MANAGEMENT AND ADMINISTRATION 5 REPORT TO UNITHOLDERS AS AT 31 DECEMBER 2016 7 REPORT OF THE RÉVISEUR D’ENTREPRISES AGRÉÉ 10 ANNUAL REPORT UC THOMSON REUTERS BALANCED EUROPEAN CONVERTIBLE BOND UCITS ETF 12

SCHEDULE OF INVESTMENTS AND OTHER ASSETS 12 STATEMENT OF NET ASSETS 15 STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS 16 STATISTICAL INFORMATION 17

NOTES TO THE FINANCIAL STATEMENTS 18 OTHER INFORMATION 22 TAX INFORMATION 25

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IMPORTANT INFORMATION

No subscription can be made on the basis of these financial statements alone. Units shall be purchased on the basis of the prospectus, as well as the Key Investor Information Document, the management regulations and special regulations of the fund.

The Key Investor Information Document, prospectus, audited annual reports (where applicable), and un-audited semi-annual reports are made available free of charge at the registered office of the management company of the fund, the custodian bank and at all paying agents of the fund in accordance with Luxembourg law and the laws of all the relevant jurisdictions.

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MANAGEMENT AND ADMINISTRATION

Management Company Structured Invest S.A. 8–10, rue Jean Monnet L–2180 Luxembourg

Chairman of the Board of Directors Jean–Marc Spitalier UniCredit Bank AG Moor House, 120 London Wall UK–London EC2Y 5ET

Members of the Board of Directors Lionel Bignone (until 21 July 2016) UniCredit Bank AG Moor House, 120 London Wall UK–London EC2Y 5ET

Dr. Rainer Krütten Wealth Management Capital Holding GmbH Am Tucherpark 16 D–80538 Munich

Amit Sharma (since 21 July 2016) UniCredit Bank AG Moor House, 120 London Wall UK–London EC2Y 5ET

Laurent Dupeyron UniCredit Bank AG Moor House, 120 London Wall UK–London EC2Y 5ET

Managing Directors of Management Company Stefan Lieser Dr. Wolfgang Höhn (until 14 August 2016)

Johannes Höring (since 15 August 2016)

Depositary Bank, Administrative Agent and Paying Agent in Luxembourg Brown Brothers Harriman (Luxembourg) S.C.A. 80, route d’Esch L–1470 Luxembourg

Clearing Agent, Paying and Information Agent CACEIS Bank Deutschland GmbH Lilienthalallee 34–36 D–80939 Munich

Distributor in Luxembourg UniCredit Luxembourg S.A. 8−10, rue Jean Monnet L–2180 Luxembourg

Internet: www.structuredinvest.lu e-mail: fonds@unicredit.lu

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Reuters: UC Thomson Reuters Balanced European Convertible Bond UCITS ETF LU1199448058.LUF UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis) LU1372156916.LUF

Bloomberg: UC Thomson Reuters Balanced European Convertible Bond UCITS ETF ECBD GY [Equity] UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis) ECBC GY [Equity]

Fund Management Investment Manager UniCredit Luxembourg S.A. 8–10, rue Jean Monnet L–2180 Luxembourg

Investment Advisor UniCredit Bank AG Arabellastraße 12 D–81925 Munich

Licensed Auditor of the Fund and sub-fund KPMG Luxembourg, Société coopérative 39, avenue John F. Kennedy L–1855 Luxembourg

Licensed Auditor of the Management Company Deloitte Audit S.à r.l. 560, rue de Neudorf L–2220 Luxembourg

Legal Advisers in Luxembourg Clifford Chance 10, boulevard G.D. Charlotte L–1011 Luxembourg

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REPORT TO THE UNITHOLDERS AS AT 31 DECEMBER 2016

Strategy SI UCITS ETF (the “Fund”) has been established to provide investors with an opportunity to purchase units in its sub-funds, the investment objective of each of which is to aim to track a specific Reference Index. This allows investors the opportunity to obtain market exposure to the performance of that Reference Index in an easily tradable form through the units being listed on one or more stock exchanges. The sub-fund aims to replicate or track, before expenses, the price and income performance of its Reference Index in terms of both the price performance and the income from the component securities of its Reference Index. The Management Company will use a risk-management process that enables it to monitor and measure at any time the risk of the sub-funds’ portfolio positions and their contribution to the overall risk profile of the portfolio. It will employ a process allowing for accurate and independent assessment of the value of OTC derivative instruments. The sub-fund may use two different methods in order to track its Reference Index, either by directly holding component securities included in its Reference Index as well as, the case being other securities, or by replicating the performance of its Reference Index by the use of derivatives. Each sub-fund may use a combination of both techniques if the Management Company deems it to be in the best interest of the sub-fund. The Investment Objective of the UC Thomson Reuters Balanced European Convertible Bond UCITS ETF is to provide investors with a return, which reflects the return of the Thomson Reuters Monthly Europe Focus Convertible Index or any other index determined by the Management Company, which is deemed to be an appropriate index for the sub-fund to represent the European convertible bond market. Index The Thomson Reuters convertible index performed slightly negatively in 2016 with a -1.47% performance due to lower implied volatility in convertible bonds largely offset by lower credit spreads. Since the US elections in particular, we have seen implied volatility on European convertible bonds dropping again together with tighter credit spreads while equity markets significantly rallied. The Thomson Reuters convertible index performed 2.2%. Economy Last year’s market performance was characterized by a very weak start for risky assets in general followed by a slow recovery and strong event risk around the various political events (Brexit, US presidential elections and the Italian referendum) as well as the corporate sector purchase program (CSPP) by the ECB. As a result, equities and convertible bonds lost strongly in the first quarter, and were subsequently not able to recapture all of these losses until the close of the year, so that in terms of price indices both asset classes closed 2016 slightly in the red, while corporate bonds saw strong positive returns. On the back of intensifying fears regarding the implications of the commodity crisis – nonetheless for China – European stocks plunged by almost 20% until mid-February 2016. Convertible bonds followed suit but lost less (resulting in a drawdown of slightly below 10% in the trough in mid-February). Subsequently, both stock indices as well as convertibles recovered parts of the losses, but could never exceed price levels commensurate with a Year-to-date (YTD) drawdown of 4-5%. Around the Brexit referendum European equities plunged again, testing previous 2016 YTD lows but did not break through. During this period, convertibles were less affected. After the surprise outcome of the US presidential elections, the usually tight correlation between equities and convertible bonds broke down almost completely, as European equities surged strongly in the global reflation rally, while convertibles were trading sideways. The major factor driving this was the decline in implied volatility. From a Year-over-year (YOY) perspective, the implied volatility index EURO STOXX 50® Volatility (VSTOXX) declined from 22.2% at the end of 2015 to 18.1% at the end of 2016, weighing on the value of the options component embedded in convertible bonds. Moreover, due to the fairly short duration in convertible bonds, these assets were also not able to benefit as

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much as straight corporate bonds from the massive decline in yields and spreads, after the ECB announced and implemented its CSPP. Remuneration policy of the Management Company (unaudited) Structured Invest S.A. (the “Management Company”) is included in the remuneration strategy of UniCredit Group. All remuneration matters and compliance with regulatory requirements are monitored by the relevant committees of UniCredit Group. The remuneration policy is consistent with and promotes solid and effective risk management and does not encourage the taking of risks that are inconsistent with the risk profiles, contractual conditions or articles of association of the funds managed by the Management Company. It complies with the business strategy, objectives, values and interests of the Management Company, the funds it manages and the investors in these funds and comprises measures for preventing conflicts of interest. The remuneration strategy allows a balance between fixed and variable salary components and defines mechanisms for the payment of variable remuneration. The fixed and variable components of the total remuneration are appropriately proportioned to each other, with the share of the fixed component of the total remuneration being high enough to offer complete flexibility in relation to the variable remuneration components, including the possibility of withholding the payment of a variable component. Structured Invest S.A. has defined a remuneration system which avoids a significant dependence on the variable remuneration component. When determining the employees’ variable remuneration, Structured Invest S.A. focuses on their individual performance, the performance of the department to which they belong and the results of the company. The performance of the funds or sub-funds managed by Structured Invest S.A. is not taken into account when determining the variable remuneration. The remuneration system of the Management Company is reviewed at least once a year. No significant changes were made to the remuneration system employed during the reporting period of the Management Company.

The Management Company identified the employees whose professional activity has a significant impact on the risk profiles of the Management Company or the funds it manages based on the criteria specified in Commission Delegated Regulation (EU) No 604/2014.

The number of employees identified amounts to 8.

The total amount of remuneration paid by the Management Company to its employees in the past financial year 1 amounts to EUR 955,332.67 and is divided into EUR 827,932.67 (fixed remuneration) and EUR 127,400 (variable remuneration).

No carried interest was paid by the Management Company.

There are no connections between the Fund and/or the risk profile of the Fund and the employment contracts of executives and employees. The information stated relates to the Management Company as a whole and not to individual funds. The Management Company manages 3 AIFs and 14 UCITS as at 31 December 2016 with total assets under management of EUR 1,004,706,218.11.

Current information on the remuneration system can be found on the Structured Invest S.A. website using the following link: www.structuredinvest.lu/lu/de/fund-platform/about-us.further-infos.html.

1 The information relates to the financial year ending on 31 December 2016.

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Performance The UC Thomson Reuters Balanced European Convertible Bond UCITS ETF achieved the following performances:

Class EUR (ISIN: LU1199448058): for the period from 1 January 2016 to 31 December 2016: -2.46%,

Class DIS (ISIN: LU1372156916) for the period from 11 April 2016 to 31 December 2016: 2.77%.

RISK DATA FOR THE YEAR ENDED 31 DECEMBER 2016 1

UC Thomson Reuters Balanced European Convertible Bond UCITS ETF Riskmeasures 2 Value at Risk 6.25 % Leverage 3 203 %

VaR Limit 4 200 % of the VaR of the reference portfolios VaR-Model Historical Simulation

minimum limit capacity 5 35.83 % Confidence level 99 %

maximum limit capacity5 58.37 % Holding period 20 days

average limit capacity5 49.40 % Reference period 500 days data history

Luxembourg, March 2017

Structured Invest S.A.

1 See note 8. 2 The Value at Risk shows, with a probability of 99 %, which loss in value of the portfolio with a 20 day holding period is not being exceeded (see note 8). 3 Average of daily leverage values of the financial year. 4 For information on the reference portfolio, see note 8. 5 Relative capacity of specified internal limits.

KPMG Luxembourg Société coopérative

39, avenue John F. Kennedy L-1855 Luxembourg

R.C.S. Luxembourg B 149133

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REPORT OF THE RÉVISEUR D’ENTREPRISES AGRÉÉ

To the unitholders of the SI UCITS ETF Following our appointment by the annual general meeting by the Board of Directors of the Management Company of 14. December 2016, we have audited the accompanying financial statements of the SI UCITS ETF and of its sub-fund, which comprise the statement of net assets and the schedule of investments and other net assets as at 31 December 2016, the statement of operations and changes in net assets for the year ended 31 December 2016 and a summary of significant accounting policies and other explanatory information.

Board of Directors of the Management Company responsibility for the financial statements The Board of Directors of the Management Company is responsible for the preparation and fair presentation of these financial statements in accordance with Luxembourg legal and regulatory requirements relating to the preparation of the financial statements, and for such internal control as the Board of Directors of the Management Company determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Responsibility of the Réviseur d’Entreprises agréé Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing as adopted for Luxembourg by the Commission de Surveillance du Secteur Financier. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the judgement of the Réviseur d’Entreprises agréé, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the Réviseur d’Entreprises agréé considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors of the Management Company, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements give a true and fair view of the financial position of the SI UCITS ETF and its sub-fund as of 31 December 2016, and of the results of their operations and changes in their net assets for the year ended 31 December 2016 in accordance with Luxembourg legal and regulatory requirements relating to the preparation of the financial statements.

Other information

KPMG Luxembourg Societe cooperative

39, avenue John F. Kennedy L-1855 Luxembourg

R.C.S. Luxembourg B 149133

The Board of Directors of the Management Company is responsible for the other information. The other information comprises

the information included in the annual report but does not include the financial statements and our report of Reviseur

d'Entreprises agree thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance

conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so,

consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in

the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is

a material misstatement of this other information, we are required to report this fact. We have nothing to report in this regard.

Luxembourg, 27. April 2017 KPMG Luxembourg

Societe cooperative

Cabinet de revision agree

(LI W. Ernst

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ANNUAL REPORT UC THOMSON REUTERS BALANCED EUROPEAN CONVERTIBLE BOND UCITS ETF WKN: A14PYG (Unit Class EUR), A2AEZ5 (Unit Class DIS) ISIN: LU1199448058 (Unit Class EUR), LU1372156916 (Unit Class DIS)

.SCHEDULE OF INVESTMENTS AND OTHER ASSETS AS AT 31 DECEMBER 2016

Units Currency Market Value (EUR)

Net assets in %

Transferable securities admitted to an official stock exchange listing or traded on other regulated markets Equity Finland FI0009007132 Fortum 100,000 EUR 1,457,000.00 1.54 1,457,000.00 1.54 France NL0000235190 1 Airbus Group 60,000 EUR 3,770,400.00 3.98 3,770,400.00 3.98 Germany DE000CBK1001 Commerzbank 605,000 EUR 4,383,830.00 4.63 DE0005140008 Deutsche Bank 2 288,000 EUR 4,968,000.00 5.24 DE0005557508 Deutsche Telekom2, 3 629,000 EUR 10,287,295.00 10.86 DE0006231004 Infineon Technologies2 542,000 EUR 8,948,420.00 9.44 28,587,545.00 30.17 Luxembourg LU0323134006 ArcelorMittal 667,000 EUR 4,679,672.00 4.94 4,679,672.00 4.94 Netherlands NL0010273215 ASML Holding 40,000 EUR 4,266,000.00 4.50 NL0011821202 ING Groep2 690,180 EUR 9,227,706.60 9.74 NL0000009538 Koninklijke Philips2,3 333,333 EUR 9,666,657.00 10.20 23,160,363.60 24.44 Total Equity 61,654,980.60 65.07

Nominal (000) Currency Market Value (EUR)

Net assets in %

Corporate Bonds Austria AT0000A1NQH2 BUWOG AG 09.09.2021 0,000 % 2,000 EUR 2,013,000.00 2.13

XS1272162584 Steinhoff Finance Holding GmbH 11.08.2022 1,250 % 2,500 EUR 2,522,000.00 2.66

4,535,000.00 4.79 Belgium BE6258355120 Sagerpar S.A. 09.10.2018 0,375 % 2,800 EUR 2,995,496.00 3.16 2,995,496.00 3.16

1 The ISIN is not necessarily an indicator of the provenience of the investment. 2 Note 7a describes the present passive breach. 3 Note 7b describes the present passive breach.

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SCHEDULE OF INVESTMENTS AND OTHER ASSETS AS AT 31 DECEMBER 2016 (CONTINUED)

Nominal (000) Currency Market Value (EUR)

Net assets in %

Germany DE000A11QGV1 RAG-Stiftung 31.12.2018 0,000 % 2,800 EUR 2,856,308.00 3.01 2,856,308.00 3.01 Hungary

XS0993164895 Magyar Nemzeti Vagyonkezelo Zrt 02.04.2019 3,375 % 2,300 EUR 2,699,303.00 2.85

2,699,303.00 2.85 Italy XS1268574891 Beni Stabili SpA 31.01.2021 2,500 EUR 2,392,050.00 2.52 XS0901332337 Prysmian SpA 08.03.2018 1,250 % 2,000 EUR 2,324,340.00 2.45

XS1209185161 Telecom Italia SpA/Milano 26.03.2022 1,125 % 2,800 EUR 2,726,080.00 2.88

7,442,470.00 7.85 Luxembourg

XS1466161350 Citigroup Global Markets Funding Luxembourg SCA 04.08.2023 0,500 % 2,800 EUR 2,781,968.00 2.94

2,781,968.00 2.94 Mexico

XS1238034695 America Movil SAB de CV 28.05.2020 0,000 % 3,000 EUR 2,908,500.00 3.07

2,908,500.00 3.07 Netherlands

XS0951366136 ACS Actividades Finance BV 22.10.2018 2,625 % 2,000 EUR 2,341,660.00 2.47

XS1046477235 Qiagen NV 19.03.2019 0,375 % 2,000 EUR 2,120,995.50 2.24 4,462,655.50 4.71 Spain

XS1322536506 International Consolidated Airlines Group S.A. 17.11.2022 0,625 % 3,000 EUR 2,659,200.00 2.81

XS1377251423 Telefonica Participaciones SAU 09.03.2021 0,000 % 2,000 EUR 1,996,500.00 2.11

4,655,700.00 4.92 Total Corporate Bonds 35,337,400.50 37.30

Total transferable securities admitted to an official stock exchange listing or traded on other regulated markets 96,992,381.10 102.37

Maturity Nominal Currency Unrealized gain/loss (EUR)

Net assets in %

Financial Instruments Swaps 1 Germany TRS Funding Swap 1 2 17.02.2017 34,961,614.76 EUR -477,463.08 -0.50 TRS Funding Swap 22 17.02.2017 57,486,127.29 EUR -4,169,698.18 -4.40 TRS Performance Swap1,2 17.02.2017 92,447,742,05 EUR 2,351,500.77 2.48 Total Swaps -2,295,660.49 -2.42 Total financial instruments -2,295,660.49 -2.42

1 Note 1b describes the functionality of the OTC Total Return Swap 2 Note 11 describes the commitments as a result of derivative transactions per 31 December 2016.

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SCHEDULE OF INVESTMENTS AND OTHER ASSETS AS AT 31 DECEMBER 2016 (CONTINUED)

Maturity Nominal Currency Market Value (EUR)

Net assets in %

Total investments (Cost: 89,343,165.60 EUR) 94,696,720.61 99.95

Other assets less liabilities 45,077.02 0.05 Total net assets 94,741,797.63 100.00

The accompanying notes form an integral part of these financial statements.

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STATEMENT OF NET ASSETS AS AT 31 DECEMBER 2016

UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (EUR) Assets Investments at market value (note 2) 94,696,720.61 Cash at bank 37,914.60 Interest receivable on bonds 65,939.52 Total assets 94,800,574.73 Liabilities All-in-fee (note 3) 58,777.10 Total liabilities 58,777.10 Total net assets 94,741,797.63

Net asset value per unit EUR 95.71 DIS 102.77 Units outstanding at the end of the financial year EUR 700,000.00 DIS 270,000.00

The accompanying notes form an integral part of these financial statements.

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STATEMENT OF OPERATIONS AND CHANGE IN NET ASSETS FOR THE PERIOD FROM 01 JANUARY 2016 TO 31 DECEMBER 2016

UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (EUR) Net assets at the beginning of the financial year 60,833,688.38 Income Interest income on bonds 69,864.98 Accretion of discount 17,405.98 Total income 87,270.96 Expenses All-in-fee (note 3) 395,121.03 Amortisation of premium 154,604.74 Total expenses 549,725.77 Net investment income/(loss) -462,454.81 Realised gain on sale of investments 16,499,702.01 Realised loss on sale of investments -15,102,252.39 Realised gain on swaps 13,695,964.96 Realised loss on swaps -22,610,492.79 Realised currency gain 8,257.24 Realised currency loss -132,559.47 Net Realised gain/(loss) -8,103,835.25 Change in unrealised appreciation on investments 6,415,668.95 Change in unrealised depreciation in investments 2,220,127.49 Change in unrealised appreciation on swaps 2,351,500.77 Change in unrealised depreciation on swaps -3,557,752.71 Net increase/(decrease) in net assets as a result of operations -674,290.75

Movement in capital Subscriptions of units 34,582,400.00 Redemptions of units – Net assets at the end of the financial year 94,741,797.63

The accompanying notes form an integral part of these financial statements.

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STATISTICAL INFORMATION AS AT 31 DECEMBER 2016

Sub-fund data UC Thomson Reuters Balanced European Convertible Bond UCITS ETF Sub-fund type Structured Fund Sub-fund currency EUR Sub-fund set-up 18.05.2015 Denomination Global certificate Class EUR Class set-up 18.05.2015 Securities identification number A14PYG ISIN LU1199448058 Class DIS Class set-up 12.04.2016 Securities identification number A2AEZ5 ISIN LU1372156916 Sub-fund Net Assets in EUR as at 31.12.2015 60,833,688.38 as at 31.12.2016 94,741,797.63 Net asset value per unit in EUR as at 31.12.2015 EUR 98.12 as at 31.12.2016 EUR 95.71 DIS 1 102.77 Total Expense Ratio (TER) 2 Total Expense ratio (BVI – Total Expense Ratio – Class EUR) 0.50 % p. a Total Expense ratio (BVI – Total Expense Ratio – Class DIS) 0.50 % p. a Tracking Error3 – Class EUR 0.01%

Tracking Error3 – Class DIS1 0.00%

Annual Tracking Difference4 – Class EUR -0.93% Annual Tracking Difference4 – Class DIS n/a5

1 Share class launched on 12 April 2016. 2 Calculation according to the BVI Method i.e. without taking the transaction costs into account for the financial year 2016. 3 The volatility of the difference between the return of the Fund and the return of its Reference Index – Thomson Reuters Monthly Europe Focus

Convertible Index. The tracking Error can be up to 1 % under normal market conditions. 4 The difference between the return of the Fund and the return of its Reference Index. The difference results from the fees incurred by the Fund, which is

the total expense ratio related fee and other fees as specified in note 3. 5 The calculation of the Annual Tracking Difference is not applicable as the share class was launched on 12 April 2016.

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Notes to the financial statements as at 31 December 2016 1. The Fund a. General

SI UCITS ETF (the “Fund”) is a “Fonds Commun de Placement à compartiments multiples” (FCP), incorporated (for the launch date, please refer to the respective statistical information) on 13 April 2016, and organised under Part I of the Luxembourg Law of 17 December 2010, qualifying as an Undertaking for Collective Investment in Transferable Securities.

The Fund’s Management Regulations entered into force on 13 April 2015.

In addition to, respectively in deviation from, the Management Regulations, the provisions of the Special Regulations apply to each sub-fund. They entered into force on 13 April 2015. A last amendment entered into force on 12 February 2016.

At 31 December 2016, the following sub-funds are being offered:

UC Thomson Reuters Balanced European Convertible Bond UCITS ETF

The combined statement of net assets and the combined statement of operations and other changes in net assets are the sum of the statements of each Sub-fund and is expressed in EUR. As at 31 December 2016 the Umbrella consists only of UC Thomson Reuters Balanced European Convertible Bond UCITS ETF.

The units of SI UCITS ETF are listed on the XETRA Deutsche Börse AG.

b. Strategy The Fund has been established to provide investors with an opportunity to purchase units in its sub-funds, the investment objective of each of which is to aim to track a specific Reference Index. This allows investors the opportunity to obtain market exposure to the performance of that Reference Index in an easily tradable form through the units being listed on one or more stock exchanges.

The sub-fund aims to replicate or track, before expenses, the price and income performance of its Reference Index in terms of both the price performance and the income from the component securities of its Reference Index.

The Management Company will use a risk-management process that enables it to monitor and measure at any time the risk of the sub-funds’ portfolio positions and their contribution to the overall risk profile of the portfolio. It will employ a process allowing for accurate and independent assessment of the value of OTC derivative instruments.

The sub-fund is subject to tracking error risks which may result in the value and performance of the units not tracking exactly the value and performance of the corresponding Reference Index.

The sub-fund may use two different methods in order to track its Reference Index, either by directly holding component securities included in its Reference Index as well as, the case may be other securities, or by replicating the performance of its Reference Index by the use of derivatives. Each sub-fund may use a combination of both techniques if the Management Company deems it to be in the best interest of the sub-fund.

Investment Objective of the UC Thomson Reuters Balanced European Convertible Bond UCITS ETF is to provide investors with a return, which reflects the return of the Thomson Reuters Monthly Europe Focus Convertible Index or any other index determined by the Management Company, which is deemed to be an appropriate index for the sub-fund to represent the European convertible bond market.

At 31 December 2016 all derivative instruments were held with Unicredit Bank AG, Munich.

The Reference Index

The Reference Index, which is published by Reuters Limited (“Thomson Reuters”), is a Total Return Index designed to provide a broad measure of the performance of the balanced investable European convertible bond market.

The Reference Index is rebalanced monthly and reviewed on a quarterly basis to ensure the constituents’ continued compliance with the Reference Index rules. Constituents may be also removed from the Reference Index during the month as outlined in the Reference Index description.

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Any proceeds in the Reference Index that may be generated by deletions, income received or reduced issue weights from constituents in-between monthly rebalancing dates will be held as cash in local currency of respective proceeds until the next monthly rebalancing.

Qualifying fixed income securities may be rated investment grade or non-investment grade by a recognized rating agency or unrated, may be issued with fixed or floating rates and must meet minimum size requirements in their local currency.

Individual convertible bond issuers are capped at 8 % of the Reference Index at each monthly rebalancing date.

Issues with mandatory conversion (i.e. convertible bonds which must be converted into equities at a given date) and perpetual issued (i.e. convertible bonds which do not have a maturity date) are excluded from the Reference Index.

Further details of the Reference Index, its components, its rebalancing frequency and its performance can be found at http://thomsonreuters.com/monthly-europe-focus-convertible-index.

2. Significant accounting policies a. General

The financial statements are prepared in accordance with Luxembourg regulations relating to Undertakings for Collective Investment in Transferable Securities.

b. Valuation of investments In determining the value of the assets of the sub-fund, each security which is quoted or dealt in on an official stock exchange or traded on any other regulated market provider is valued at its latest available closing price on the principal market for such security as furnished by a pricing service approved by the management company. If a price cannot be obtained for a security or the above obtained price is not representative of the security’s fair value, it shall be valued at the fair value at which it is expected that it may be resold, as determined in good faith by or under the direction of the management company.

c. Income and Expenses Dividends are taken into income on the date upon which the relevant securities are first listed as ex-dividend. The Agio for Bonds purchased above par value is amortized on a straight line basis until maturity and recorded as amortization of premium in the statement of operations and changes in net assets. The Disagio for Bonds purchased below par value is attributed on a straight line basis until maturity and recorded as accretion of discount in the statement of operations and changes in net assets.

d. Realised gain or loss on sales of investments The realised gain or loss on sales of investment securities is determined on an average cost basis.

3. All-in-fee 1 The sub-fund pays an all-in-fee (“All-in-Fee”) which may differ for each unit class. The All-in-Fee is calculated on the daily average NAV of the sub-fund attributable to the relevant unit class and is payable monthly in arrears. The All-in-Fee will not be charged until the corresponding unit classes have been launched.

The All-in-Fee is composed of a fixed fee (“Fixed Fee”) and, in case of an Indirect Investment Policy, an index replication fee (“Index Replication Fee”). In case of a Direct Investment Policy no Index Replication Fee will be charged.

After discharging any fees and expenses, the remaining amount of the Fixed Fee is split between the Management Company and UniCredit Bank AG. In the event a sub-fund’s costs and expenses, which are intended to be covered within the Fixed Fee, exceed the stated Fixed Fees, UniCredit Bank AG will pay the difference to the Management Company.

The Fixed Fee, directly paid to the Management Company, includes fees and expenses for the Management Company, other service providers, such as the Investment Advisor, the Depository, the Fund Administrator, the Auditors and the Paying Agent.

1 Any distribution costs incurred are paid out of the All-in-fee. The payments from the All-in-fee for distribution expenses are inclusive of any value added

tax applicable.

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The Index Replication Fee covers any trading related costs such as swap costs, index tracking costs, funding costs, reinvestment- and rebalancing costs as well as further index related transaction costs.

For the sub-fund UC Thomson Reuters Balanced European Convertible Bond UCITS the Fixed Fee amounts to 0.50 % p. a. of the NAV and is paid to the Management Company and the Index Replication Fee is up to 1.00 % (currently 0.45 %) p. a. of the NAV and is paid to the swap counterparty. This fee is not included in the TER of the Subfund but forms part of the ongoing charges and adds up to the tracking difference as disclosed on page 16.

This fee is calculated and accrued on Valuation Days and is paid retroactively.

4. Taxation Taxe d’Abonnement

The Fund is subject to an annual “taxe d’abonnement” (subscription tax) at the rate of 0.05 % p. a., calculated quarterly on the total net asset value at the end of the relevant quarter. This rate is reduced to 0.01 % p. a. for share classes or sub-funds restricted to institutional investors.

5. Statement of changes in portfolio A list, specifying for each investment, the total purchases and sales which occurred during the period under review, may be obtained, upon request and free of charge, at the registered office of the management company and at all paying agents and information centers.

6. Accumulation/Distribution The net ordinary income of share class EUR has been accumulated. The net ordinary income of share class DIS will be distributed. The distribution is based on the financial year end result. The Board of Directors decided per Circular Resolution on 27 January 2017 for SI UCITS ETF-UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (DIS) a distribution of EUR 0.95 per unit for share class “DIS” with ex-date as of 30 January 2017.

7. Breach a. According to art. 43 (2) of of law of 17 December 2010, a passive breach existed for the marked security (if the Subfund

invests more than 5 % of its net assets in a single UCITS or another UCI, the total of such investments may not exceed 40 % of the Subfund’s net assets). It was market-induced and had no impact on the Fund, because of the Fund structure (swap of the risk of the diversified assets).

b. According to art. 43 (1) of law of 17 December 2010, a passive breach existed for the marked security (each Subfund may

invest no more than 10 % of its net assets in a single UCITS or another UCI). It was market-induced and had no impact on the Fund, because of the Fund structure (swap of the risk of the diversified assets).

8. Risk management process The Management Company will introduce a risk management process and other applicable regulations for the fund and its sub-fund in compliance with the Law of 17 December 2010 and in particular with the CSSF circular 11/512. With the help of the risk management process, the Management Company will determine and measure the market risk, liquidity risk, counterparty risk and all other risks, including operational risks, which are intrinsic to the fund and its sub-funds.

In the context of the risk management process, the sub-fund’s global exposure will be measured and checked by means of the relative Value-at Risk (VaR) methodology.

The refence portfolio for the sub-fund is the Thomson Reuters Monthly European Focus Convertible Index.

9. Collateralisation of derivatives As at valuation date neither the fund nor UniCredit Bank AG, Munich, provided any collateral for derivatives in order to mitigate the counterparty risk.

21

10. Transaction costs No transaction costs occurred during the financial period.

11. Commitments as a result of derivative transactions on 31 December 2016 The commitment resulting from the TRS Performance Swap and of the TRS Funding Swap corresponds to the absolute market value (notional +/- unrealized result) as stated in the “schedule of investments and other assets”.

12. Subsequent events. There were no subsequent events after the financial statement date.

22

Other Information (unaudited) Obligations with regards to securities financing transactions - Regulation on the transparency of securities financing transactions (SFTR)

On 23 December 2015, the Regulation (EU) 2015/2365 about the transparency of securities financing transactions and the further use as well as the amendment of Regulation (EU) No 648/2012 (SFTR) was published in the Official Journal of the European Union. The SFTR essentially regulates obligations with regards to "securities financing transactions" (SFT). The SFTR provides additional reporting obligations for the conclusion, amendment or termination of SFT in addition to the reporting obligations already in place based on EMIR (which, however, are not applicable to SFT in principle). The SI UCITS ETF conducts the following types of securities financing transactions and total return swaps (hereinafter referred to as TRS) as per 31 December 2016: a. Global Data

The amount of lent securities and goods, expressed as a percentage of the total sum of assets lent, i.e. only cash or cash equivalents by definition. At 31 December 2016, the SI UCITS ETF was not engaged in any securities lending transactions. The total sum of assets in which each type of securities financing transaction and total return swap were deployed, expressed as an absolute amount (expressed in the currency of the undertaking for collective investment) and as a percentage of the assets managed by the undertaking for collective investment. The total sum of the total return swaps as per 31 December 2016 is:

Total Return Swaps Amount (absolute) Unrealised gain/(loss)

% of the total net assets

UC Thomson Reuters Balanced European Convertible Bond UCITS

EUR 184,895,484.10 -2,295,660.49 193 %

b. Concentration information

The ten largest collateral issuers for all securities financing transactions and total return swaps as a whole (broken down by the total sum of collateral provided for each issuer): At 31 December 2016, no collateral was provided for the SI UCITS ETF. The ten most important counterparties for each type of securities financing transaction and total return swap (name of the counterparty and total amount of outstanding transactions): As per 31 December 2016, Unicredit Bank AG is the only counterparty of these transactions. The detail of the total amount outstanding is outlined under “a. Global Data".

23

c. Aggregate transaction data for each type of securities financing transaction and total return swap:

Collateral for Securities Financing Transactions and Total Return Swaps per 31 December 2016

Collateral

Type und Quality Maturity of collateral Currrency of collateral N/A N/A N/A

Securities Financing Transactions and Total Return Swaps per 31 December 2016

Total Return Swaps

Name Total amount Term to maturity

Registered office of the counterparty

Settlement and Clearing

Performance Swap 94,799,242.82 1 to 3 months Germany bilateral

Funding Swap 87,800,580.79 1 to 3 months Germany bilateral

d. Data on reuse of collateral

Proportion of the collateral received which has been reused compared to the maximum amount specified in the prospectus or in the information for investors: The SI UCITS ETF has not received any collateral as at 31 December 2016. The SI UCITS ETF has not reinvested any cash collateral in the reporting period ending on 31 December 2016. e. Safekeeping of collateral the SI UCITS ETF received for collective investments in securities financing transactions and total

return swaps:

The SI UCITS ETF has not received any collateral as at 31 December 2016. f. Safekeeping of collateral the SI UCITS ETF provided for collective investments in securities financial transactions and total

return swaps:

The SI UCITS ETF did not provide any collateral as at 31 December 2016.

24

g. Data on the return and costs of each security financing transaction type and for each total return swap, broken down to the collective investments undertaking, the respective fund managers and third parties (e.g. lenders), expressed as an absolute amount and as a percentage of the total return achieved from each respective securities financing transaction type and total return swap.

UC Thomson Reuters Balanced European Convertible Bond UCITS

Name Market value (absolute)

Net return (absolute)

Percentage of total net return

Costs (absolute)

Percentage of total net return

TRS Perfomance Swap EUR 94,799,242.82 -280,109.41 2,79% -355,382.25 3,54%

TRS Funding Swap EUR 87,800,580.79 -9,769,755.49 97,21% 0,00 0,00%

Total EUR 182,599,823.61 -10,049,864.90 100,00% -355,382.25 3,54%

Breakdown by fund managers

Number of fund managers

Fund manager Net return (absolute) per fund manager

Percentage of total net return per fund manager

Costs per fund manager

Percentage of total costs per fund manager

1 EUR Structured Invest S.A.

-10,049,864.90 100.00% -355,382.25 100.00%

Breakdown by third parties

Number of third parties

Name Net return (absolute) per third party

Percentage of total net return per third party

Costs per fund third party

Percentage of total costs per third party

1 EUR UniCredit Bank AG -10,049,864.90 100.00% -355,382.25 100.00%

25

Tax information Veröffentlichung der Besteuerungsgrundlagen gem. § 5 InvStG für den Zeitraum vom 1. Januar 2016 bis zum 31. Dezember 2016

UC Thomson Reuters Balanced European Convertible Bond UCITS ETF WKN A14PYG ISIN LU1199448058

Alle Angaben in EUR je Anteil § 5 Abs. 1 InvStG

Privatver-mögen

Betriebsver-mögen (KStG)

Betriebsver-mögen (EStG)

Betrag der Ausschüttung Nr. 1 a 0,00000 0,00000 0,00000 in der Ausschüttung enthaltene ausschüttungsgleiche Erträge der Vorjahre Nr. 1 a, aa 0,00000 0,00000 0,00000 in der Ausschüttung enthaltene Substanzbeträge Nr. 1 a, bb 0,00000 0,00000 0,00000 Betrag der ausgeschütteten Erträge Nr. 1 b 0,00000 0,00000 0,00000 Betrag der ausschüttungsgleichen Erträge Nr. 2 0,00000 0,00000 0,00000 Gesamtbetrag der ausgeschütteten/ausschüttungsgleichen Erträge 0,00000 0,00000 0,00000 die in den ausgeschütteten Erträgen enthaltenen Nr. 1 c Erträge im Sinne des § 2 Abs. 2 Satz 1 InvStG iVm § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG

Nr. 1 c, aa - 0,00000 0,00000

Veräußerungsgewinne im Sinne des § 2 Abs. 2 Satz 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG

Nr. 1 c, bb - 0,00000 0,00000

Erträge i. S. d. § 2 Abs. 2a InvStG (Zinsschranke) Nr. 1 c, cc - 0,00000 0,00000 steuerfreie Veräußerungsgewinne i.S.d. § 2 Abs. 3 Nr. 1 Satz 1 in der am 31. Dezember 2008 anzuwendenden Fassung

Nr. 1 c, dd 0,00000 - -

Erträge im Sinne des § 2 Abs. 3 Nr. 1 Satz 2 in der am 31. Dezember 2008 anzuwendenden Fassung, soweit die Erträge nicht Kapitalerträge im Sinne des § 20 des EStG sind

Nr. 1 c, ee 0,00000 - -

steuerfreie Veräußerungsgewinne im Sinne des § 2 Abs. 3 in der ab 1. Januar 2009 anzuwendenden Fassung

Nr. 1 c, ff 0,00000 - -

Einkünfte im Sinne des § 4 Abs. 1 Nr. 1 c, gg 0,00000 0,00000 0,00000 in Doppelbuchstabe gg) enthaltene Einkünfte, die nicht dem Progressionsvorbehalt unterliegen

Nr. 1 c, hh 0,00000 - 0,00000

Einkünfte im Sinne des § 4 Abs. 2, für die kein Abzug nach Abs. 4 vorgenommen wurde

Nr. 1 c, ii 0,00000 0,00000 0,00000

in Doppelbuchstabe ii) enthaltene Einkünfte, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 c, jj - 0,00000 0,00000

in Doppelbuchstabe ii) enthaltene Einkünfte im Sinne des § 4 Abs. 2, die nach einem Abkommen zur Vermeidung der Doppelbesteuerung zur Anrechnung einer als gezahlt geltenden Steuer auf die Einkommensteuer oder Körperschaftsteuer berechtigen

Nr. 1 c, kk 0,00000 0,00000 0,00000

in Doppelbuchstabe kk) enthaltene Einkünfte, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 c, ll - 0,00000 0,00000

den zur Anrechnung von Kapitalertragsteuer berechtigenden Teil der Ausschüttung

Nr. 1 d

im Sinne des § 7 Abs. 1 und Abs. 2 Nr. 1 d, aa 0,00000 0,00000 0,00000 im Sinne des § 7 Abs. 3 Nr. 1 d, bb 0,00000 0,00000 0,00000 im Sinne des § 7 Abs. 1 Satz 4, soweit in Doppelbuchstabe aa) enthalten Nr. 1 d, cc 0,00000 0,00000 0,00000 den Betrag der ausländischen Steuer, der auf die in den ausgeschütteten / ausschüttungsgleichen Erträgen enthaltenen Einkünfte i.S.d. § 4 Abs. 2 entfällt, und

Nr. 1 f

der nach § 4 Abs. 2 InvStG iVm § 32d Abs. 5 oder § 34c Abs. 1 des EStG oder einem Abkommen zur Vermeidung der Doppelbesteuerung anrechenbar ist, wenn kein Abzug nach § 4 Abs. 4 vorgenommen wurde

Nr. 1 f, aa 0,00000 0,00000 0,00000

26

Alle Angaben in EUR je Anteil § 5 Abs. 1 InvStG

Privatver-mögen

Betriebsver-mögen (KStG)

Betriebsver-mögen (EStG)

in Doppelbuchstabe aa) enthalten ist und auf Einkünfte entfällt, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, bb - 0,00000 0,00000

der nach § 4 Abs. 2 InvStG iVm § 34c Abs. 3 des EStG abziehbar ist, wenn kein Abzug nach § 4 Abs. 4 dieses Gesetzes vorgenommen wurde

Nr. 1 f, cc 0,00000 0,00000 0,00000

in Doppelbuchstabe cc) enthalten ist und auf Einkünfte entfällt, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, dd - 0,00000 0,00000

der nach einem Abkommen zur Vermeidung der Doppelbesteuerung als gezahlt gilt und nach § 4 Abs. 2 iVm diesem Abkommen anrechenbar ist

Nr. 1 f, ee 0,00000 0,00000 0,00000

in Doppelbuchstabe ee) enthalten ist und auf Einkünfte entfällt, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, ff - 0,00000 0,00000

in Doppelbuchstabe aa) enthalten ist und auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG entfällt, auf die § 2 Abs. 2 InvStG in der am 20. März 2013 geltenden Fassung i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, gg - 0,00000 -

in Doppelbuchstabe cc) enthalten ist und auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG entfällt, auf die § 2 Abs. 2 InvStG in der am 20. März 2013 geltenden Fassung i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, hh - 0,00000 -

in Doppelbuchstabe ee) enthalten ist und auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG entfällt, auf die § 2 Abs. 2 InvStG in der am 20. März 2013 geltenden Fassung i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, ii - 0,00000 -

den Betrag der Absetzungen für Abnutzung oder Substanzverringerung Nr. 1 g 0,00000 0,00000 0,00000 die im Geschäftsjahr gezahlte Quellensteuer, vermindert um die erstattete Quellensteuer des Geschäftsjahres oder früherer Geschäftsjahre

Nr. 1 h 0,00000 0,00000 0,00000

Die ausschüttungsgleichen Erträge gelten zum 31. Dezember 2016 als zugeflossen.

Der gültige Verkaufsprospekt mit dem Verwaltungsreglement des Fonds, die Jahres- und Halbjahresberichte sowie sonstige Verkaufsunterlagen sind kostenlos am Sitz der Verwaltungsgesellschaft, der Verwahrstelle und den Zahlstellen erhältlich.

27

Tax information Veröffentlichung der Besteuerungsgrundlagen gem. § 5 InvStG für den Zeitraum vom 1. Januar 2016 bis zum 31. Dezember 2016

UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (Dis) WKN A2AEZ5 ISIN LU1372156916

Alle Angaben in EUR je Anteil § 5 Abs. 1 InvStG

Privatver-mögen

Betriebsver-mögen (KStG)

Betriebsver-mögen (EStG)

Betrag der Ausschüttung Nr. 1 a 0,95000 0,95000 0,95000 in der Ausschüttung enthaltene ausschüttungsgleiche Erträge der Vorjahre Nr. 1 a, aa 0,00000 0,00000 0,00000 in der Ausschüttung enthaltene Substanzbeträge Nr. 1 a, bb 0,00000 0,00000 0,00000 Betrag der ausgeschütteten Erträge Nr. 1 b 0,95000 0,95000 0,95000 Betrag der ausschüttungsgleichen Erträge Nr. 2 0,00000 0,00000 0,00000 Gesamtbetrag der ausgeschütteten/ausschüttungsgleichen Erträge 0,95000 0,95000 0,95000 die in den ausgeschütteten Erträgen enthaltenen Nr. 1 c Erträge im Sinne des § 2 Abs. 2 Satz 1 InvStG iVm § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG

Nr. 1 c, aa - 0,00000 0,00000

Veräußerungsgewinne im Sinne des § 2 Abs. 2 Satz 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG

Nr. 1 c, bb - 0,85151 0,85151

Erträge i. S. d. § 2 Abs. 2a InvStG (Zinsschranke) Nr. 1 c, cc - 0,07944 0,85151 steuerfreie Veräußerungsgewinne i.S.d. § 2 Abs. 3 Nr. 1 Satz 1 in der am 31. Dezember 2008 anzuwendenden Fassung

Nr. 1 c, dd 0,00000 - -

Erträge im Sinne des § 2 Abs. 3 Nr. 1 Satz 2 in der am 31. Dezember 2008 anzuwendenden Fassung, soweit die Erträge nicht Kapitalerträge im Sinne des § 20 des EStG sind

Nr. 1 c, ee 0,00000 - -

steuerfreie Veräußerungsgewinne im Sinne des § 2 Abs. 3 in der ab 1. Januar 2009 anzuwendenden Fassung

Nr. 1 c, ff 0,00000 - -

Einkünfte im Sinne des § 4 Abs. 1 Nr. 1 c, gg 0,00000 0,00000 0,00000 in Doppelbuchstabe gg) enthaltene Einkünfte, die nicht dem Progressionsvorbehalt unterliegen

Nr. 1 c, hh 0,00000 - 0,00000

Einkünfte im Sinne des § 4 Abs. 2, für die kein Abzug nach Abs. 4 vorgenommen wurde

Nr. 1 c, ii 0,00000 0,00000 0,00000

in Doppelbuchstabe ii) enthaltene Einkünfte, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 c, jj - 0,00000 0,00000

in Doppelbuchstabe ii) enthaltene Einkünfte im Sinne des § 4 Abs. 2, die nach einem Abkommen zur Vermeidung der Doppelbesteuerung zur Anrechnung einer als gezahlt geltenden Steuer auf die Einkommensteuer oder Körperschaftsteuer berechtigen

Nr. 1 c, kk 0,00000 0,00000 0,00000

in Doppelbuchstabe kk) enthaltene Einkünfte, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 c, ll - 0,00000 0,00000

den zur Anrechnung von Kapitalertragsteuer berechtigenden Teil der Ausschüttung

Nr. 1 d

im Sinne des § 7 Abs. 1 und Abs. 2 Nr. 1 d, aa 0,95000 0,95000 0,95000 im Sinne des § 7 Abs. 3 Nr. 1 d, bb 0,00000 0,00000 0,00000 im Sinne des § 7 Abs. 1 Satz 4, soweit in Doppelbuchstabe aa) enthalten Nr. 1 d, cc 0,85151 0,85151 0,85151 den Betrag der ausländischen Steuer, der auf die in den ausgeschütteten / ausschüttungsgleichen Erträgen enthaltenen Einkünfte i.S.d. § 4 Abs. 2 entfällt, und

Nr. 1 f

der nach § 4 Abs. 2 InvStG iVm § 32d Abs. 5 oder § 34c Abs. 1 des EStG oder einem Abkommen zur Vermeidung der Doppelbesteuerung anrechenbar ist, wenn kein Abzug nach § 4 Abs. 4 vorgenommen wurde

Nr. 1 f, aa 0,00000 0,00000 0,00000

28

Alle Angaben in EUR je Anteil § 5 Abs. 1 InvStG

Privatver-mögen

Betriebsver-mögen (KStG)

Betriebsver-mögen (EStG)

in Doppelbuchstabe aa) enthalten ist und auf Einkünfte entfällt, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, bb - 0,00000 0,00000

der nach § 4 Abs. 2 InvStG iVm § 34c Abs. 3 des EStG abziehbar ist, wenn kein Abzug nach § 4 Abs. 4 dieses Gesetzes vorgenommen wurde

Nr. 1 f, cc 0,00000 0,00000 0,00000

in Doppelbuchstabe cc) enthalten ist und auf Einkünfte entfällt, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, dd - 0,00000 0,00000

der nach einem Abkommen zur Vermeidung der Doppelbesteuerung als gezahlt gilt und nach § 4 Abs. 2 iVm diesem Abkommen anrechenbar ist

Nr. 1 f, ee 0,00000 0,00000 0,00000

in Doppelbuchstabe ee) enthalten ist und auf Einkünfte entfällt, auf die § 2 Abs. 2 InvStG iVm § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG oder im Fall des § 16 InvStG iVm § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, ff - 0,00000 0,00000

in Doppelbuchstabe aa) enthalten ist und auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG entfällt, auf die § 2 Abs. 2 InvStG in der am 20. März 2013 geltenden Fassung i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, gg - 0,00000 -

in Doppelbuchstabe cc) enthalten ist und auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG entfällt, auf die § 2 Abs. 2 InvStG in der am 20. März 2013 geltenden Fassung i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, hh - 0,00000 -

in Doppelbuchstabe ee) enthalten ist und auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG entfällt, auf die § 2 Abs. 2 InvStG in der am 20. März 2013 geltenden Fassung i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Nr. 1 f, ii - 0,00000 -

den Betrag der Absetzungen für Abnutzung oder Substanzverringerung Nr. 1 g 0,00000 0,00000 0,00000 die im Geschäftsjahr gezahlte Quellensteuer, vermindert um die erstattete Quellensteuer des Geschäftsjahres oder früherer Geschäftsjahre

Nr. 1 h 0,00000 0,00000 0,00000

Die ausschüttungsgleichen Erträge gelten zum 31. Dezember 2016 als zugeflossen.

Der gültige Verkaufsprospekt mit dem Verwaltungsreglement des Fonds, die Jahres- und Halbjahresberichte sowie sonstige Verkaufsunterlagen sind kostenlos am Sitz der Verwaltungsgesellschaft, der Verwahrstelle und den Zahlstellen erhältlich.

Structured Invest

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