www.pictetfunds.com Pictet Funds (LUX) Εταιρία Επενδύσεων Λουξεμβούργου Ανοικτού Τύπου (SICAV) του Μη ελεγμένη εξαμηνιαία έκθεση της 30ής Απριλίου 2009 ΤΑ ΑΜΟΙΒΑΙΑΑ ΚΕΦΑΛΑΙ Α ΔΕΝ ΕΧΟΥΝ ΕΓΓΥΗΜΕΝΗ ΑΠΟΔΟΣΗ ΚΑΙ ΟΙ ΠΡΟΗΓΟΥΜΕΝΕΣ ΑΠΟΔΟΣΕΙΣ ΔΕΝ ΔΙΑΣΦΑΛΙΖ ΟΥΝ ΤΙΣ ΜΕΛΛΟΝΤΙΚΕΣ
Pictet Funds (LUX) (SICAV) 30 2009 1
Pictet Funds (LUX) 30 2009.,. 2
Pictet Funds (LUX) SICAV 8 10 11 14 30, ( ) 46 - : Pictet Funds (LUX) - EUR Bonds - 59-63 - : Pictet Funds (LUX) - USD Government Bonds - 64-68 - : Pictet Funds (LUX) - CHF Liquidity - 69-73 - : Pictet Funds (LUX) - USD Liquidity - 74-77 - : Pictet Funds (LUX) - EUR Liquidity - 78-82 - : Pictet Funds (LUX) - EUR Corporate Bonds - 83-90 - : Pictet Funds (LUX) - Global Emerging Debt - 91-95 - : Pictet Funds (LUX) - World Government Bonds - 96-104 - : Pictet Funds (LUX) - EUR High Yield - 105-108 - : Pictet Funds (LUX) - EUR Short Mid-Term Bonds - 109-112 3
Pictet Funds (LUX) ( ) - : Pictet Funds (LUX) - USD Short Mid-Term Bonds - 113-116 - : Pictet Funds (LUX) - EUR Turbo Income - 117-118 - : Pictet Funds (LUX) - CHF Bonds - 119-128 - : Pictet Funds (LUX) - EUR Government Bonds - 129-134 - : Pictet Funds (LUX) - EUR Inflation Linked Bonds - 135-137 - : Pictet Funds (LUX) - EUR Asset Backed Securities - 138-139 - : Pictet Funds (LUX) - Emerging Local Currency Debt - 140-143 - : Pictet Funds (LUX) - Asian Local Currency Debt - 144-146 - : Pictet Funds (LUX) - Global Emerging Currencies - 147-148 - : Pictet Funds (LUX) - (JPY) Liquidity - 149-151 - : Pictet Funds (LUX) - Latin American Local Currency Debt - 152-153 - : Pictet Funds (LUX) - (USD) Sovereign Liquidity - 154-156 - : Pictet Funds (LUX) - (EUR) Sovereign Liquidity - 157-159 - : Pictet Funds (LUX) - European Equity Selection - 160-163 4
Pictet Funds (LUX) ( ) - : Pictet Funds (LUX) - Small Cap Europe - 164-168 - : Pictet Funds (LUX) - Emerging Markets - 169-173 - : Pictet Funds (LUX) - Eastern Europe - 174-177 - : Pictet Funds (LUX) - Europe Index ( 1) - 178-190 - : Pictet Funds (LUX) - USA Index - 191-201 - : Pictet Funds (LUX) - European Sustainable Equities - 202-206 - : Pictet Funds (LUX) - Japan Index - 207-214 - : Pictet Funds (LUX) - Pacific (Ex Japan) Index - 215-219 - : Pictet Funds (LUX) - Digital Communication - 220-223 - : Pictet Funds (LUX) - Biotech - 224-226 - : Pictet Funds (LUX) - Premium Brands - 227-229 - : Pictet Funds (LUX) - Water - 230-233 - : Pictet Funds (LUX) - Indian Equities - 234-235 - : Pictet Funds (LUX) - Japanese Equities 130/30-236 - 238 5
Pictet Funds (LUX) ( ) - : Pictet Funds (LUX) - US Equities - 239-241 - : Pictet Funds (LUX) - Asian Equities (Ex Japan) - 242-246 - : Pictet Funds (LUX) - Greater China - 247-250 - : Pictet Funds (LUX) - Japanese Equity Selection - 251-253 - : Pictet Funds (LUX) - Generics - 254-256 - : Pictet Funds (LUX) - Emerging Markets Index - 257-271 - : Pictet Funds (LUX) - Japanese Mid-Small Cap - 272-274 - : Pictet Funds (LUX) - Emerging Markets Large Cap - 275-279 - : Pictet Funds (LUX) - Euroland Index ( 1) - 280-287 - : Pictet Funds (LUX) - US Equity Selection - 288-290 - : Pictet Funds (LUX) - Security - 291-293 - : Pictet Funds (LUX) - Clean Energy - 294-297 - : Pictet Funds (LUX) - Russian Equities - 298-300 - : Pictet Funds (LUX) - Timber - 301-303 6
Pictet Funds (LUX) ( ) - : Pictet Funds (LUX) - Global Megatrend Selection ( 1) - 304-314 - : Pictet Funds (LUX) - Piclife - 315-343 - : Pictet Funds (LUX) - Absolute Return Global Diversified - 344-356 - : Pictet Funds (LUX) - Absolute Return Global Conservative - 357-371 372 TER ( ) 418 PTR ( ) 433 435 7
Pictet Funds (LUX) SICAV 3, boulevard Royal, L-2449. Pierre ETIENNE,, Pictet & Cie (Europe) S.A.,. Rolf BANZ,, Pictet & Cie,. Frédéric FASEL,, Pictet & Cie (Europe) S.A., Michèle BERGER,, Pictet Funds (Europe) S.A.,. Christophe SCHWEIZER,, Pictet Funds S.A.,. Laurent RAMSEY,, Pictet Funds S.A., Pictet Funds (Europe) S.A., 3, boulevard Royal, L-2449. Marc PICTET,, Pictet & Cie (Europe) S.A. Pictet Funds (Europe) S.A.. Frédéric FASEL,, Pictet & Cie (Europe) S.A.,. Pierre ETIENNE,, Pictet & Cie (Europe) S.A.,. Yves MARTIGNIER,, Pictet & Cie,. Laurent RAMSEY,, Pictet Funds S.A.,. Christophe SCHWEIZER,, Pictet Funds S.A.,. Rolf BANZ,, Pictet & Cie, Michèle BERGER. Laurent RAMSEY 8
Pictet Funds (LUX),, SICAV ( ) Pictet & Cie (Europe) S.A., 1, boulevard Royal, L-2449 Pictet Advisory Services (Overseas) Ltd., Bayside Executive Park, Building N 1, West Bay Street and Blake Road, P.O. Box N-4837, Pictet Bank & Trust Limited, P.O. Box N-4837, Bayside Executive Park, West Bay Street,, Pictet & Cie, Genève, 60, route des Acacias, CH-1211 73 Pictet Asset Management S.A., 60, route des Acacias, CH-1211 73 Pictet Asset Management Limited, Moor House, Level 11, 120 London Wall, EC2Y 5ET, Banque Pictet & Cie (Asia) Ltd, Singapore, 80 Raffles Place # 17-01 UOB Plaza, 048624 Pictet Asset Management (Japan) Ltd, Kishimoto Building 7F, 2-2-1 Marunouchi, Chiyoda-ku,, 100-0005 Sectoral Asset Management Inc., 1000 Sherbrooke Street,,, H3A 3G4, Waddell & Reed Investment Management Company, 6300 Lamar, Shawnee Mission, 66202, Deloitte S.A., 560, rue de Neudorf, L-2220 Elvinger, Hoss & Prussen, 2, Place Winston Churchill, L-1340 9
Pictet Funds (LUX) SICAV SICAV,.:,, (, ),, ( ),,, ( Banca d'italia),,,,,,,,, ( - )., SICAV SICAV. - 30 2009 SICAV SICAV. 10
Pictet Funds (LUX) / Pictet Pictet Funds S.A., 60, route des Acacias, 1211 73. Pictet Pictet & Cie, 60, route des Acacias, 1211 73.,., La Feuille Officielle Suisse du Commerce (FOSC) Swiss Fund Data AG.. Swiss Fund Data AG., SICAV :,,,,,., : ; SICAV ; ; SICAV.. 11
Pictet Funds (LUX) ( ) : Deutsche Bank AG Junghofstr. 5-9 D-60311 Frankfurt am Main Deutsche Bank AG, Junghofstr. 5-9, D-60311, Frankfurt am Main,..,, (, ).,,,,., Börsen-Zeitung. KAS BANK N.V., P.O. Box 24001, NL-1000 DB, SICAV.,,. - Pictet Funds: www.pictetfunds.com. Pictet & Cie (Europe) S.A SICAV. Pictet & Cie (Europe) S.A., 1 boulevard Royal, BP 687, L-2016,. (+352) 46.71.71.7666, (+352) 46.69.95..,. 12
Pictet Funds (LUX) ( ) SICAV : Raiffeisen Zentralbank sterreich Aktiengesellschaft Am Stadtpark 9 A-1030 SICAV.,.,,, SICAV,. - Der Standard. - Pictet Funds (LUX) - CHF Bonds,. SICAV : Deloitte Exinger GmbH Renngasse 1/Freyung P.O. Box 18 A-1013. LGT Bank in Liechtenstein Aktiengesellschaft Herrengasse 12 FL-9490,,., Liechtensteiner Vaterland. SICAV, Liechtensteiner Vaterland.. : Fastnet Belgium S.A. Boulevard d Anvers, 25-27 B-1000 : (+32) 2/209.26.00 : (+32) 2/209.26.01 : 0460.019.728. 13
Pictet Funds (LUX) 30 2009 EUR Bonds USD Government Bonds EUR EUR USD 25,345,692,416.82 419,512,026.20 247,151,324.51 / -2,412,131,436.23 13,142,634.90 4,661,318.35 ( 2) 22,933,560,980.59 432,654,661.10 251,812,642.86 1,055,172,144.48 614,056.10 2,440,721.39, 63,350,650.64 8,285,011.19 3,527,249.23 swap ( ) ( 11) 255,911.99 0.00 0.00 swap ( 12) 18,472.93 0.00 0.00 ( 10) 15,158,814.63 0.00 0.00 ( 9) 1,584,896.46 0.00 42,920.16 swap ( 12) 569,785.18 0.00 0.00 swap ( ) ( 11) 1,898,969.77 0.00 0.00 3,177,212.70 0.00 0.00 24,074,747,839.37 441,553,728.39 257,823,533.64 183,003,375.78 0.00 0.00 ( 4) 11,670,538.73 132,669.96 104,444.90 354.60 0.00 0.00 swap ( ) ( 11) 1,730,115.21 0.00 0.00 swap ( 12) 37,236.57 0.00 0.00 ( 10) 17,606,657.80 4,501.13 7,768.53 ( 9) 76,411,976.35 12,969.99 0.00 swap ( 12) 342,901.07 0.00 0.00 swap ( ) ( 11) 8,227,824.09 0.00 0.00 ( 3) 599,097.57 10,243.52 7,340.16 4,254,974.56 56,219.30 37,198.11 901,459.59 0.00 0.00 304,786,511.92 216,603.90 156,751.70 30 2009 23,769,961,327.45 441,337,124.49 257,666,781.94 31 2008 22,037,041,477.25 523,357,691.33 169,293,076.70 31 2007 28,616,137,221.16 848,413,423.20 165,052,572.60 14
Pictet Funds (LUX) 30 2009 CHF Liquidity USD Liquidity EUR Liquidity EUR Corporate Bonds Global Emerging Debt CHF USD EUR EUR USD 2,695,959,111.24 1,078,871,818.86 2,285,965,812.03 359,084,685.58 247,604,604.23 7,337,264.27 7,656,460.12 4,241,903.69 2,206,190.77-4,408,854.81 2,703,296,375.51 1,086,528,278.98 2,290,207,715.72 361,290,876.35 243,195,749.42 902,832.24 0.00 26,427,198.76 1,041,618.09 22,114,892.48 977,908.32 1,925,857.04 1,998,633.67 8,432,809.07 3,964,199.67 0.00 0.00 0.00 7,470.83 0.00 0.00 0.00 0.00 17,114.45 0.00 0.00 0.00 453,571.28 0.00 752,939.29 0.00 0.00 0.00 0.00 36,415.37 0.00 0.00 280,687.38 0.00 0.00 0.00 0.00 0.00 0.00 576,725.73 0.00 0.00 0.00 0.00 0.00 2,705,177,116.07 1,088,454,136.02 2,319,367,806.81 370,789,888.79 270,640,921.96 0.00 44,976,787.01 0.00 0.00 0.00 133,445.98 124,559.18 304,062.62 126,408.59 146,248.75 535.10 0.00 0.00 0.00 0.00 2,252,101.94 0.00 0.00 0.00 102,351.14 0.00 0.00 20,306.25 0.00 0.00 3,930,544.92 4,803,468.66 0.00 314,349.79 0.00 0.00 0.00 0.00 48,680.00 0.00 0.00 0.00 0.00 324,745.70 0.00 866,265.00 0.00 0.00 0.00 0.00 58,171.44 25,830.43 59,437.19 8,114.39 6,061.96 188,563.02 81,454.06 178,224.10 57,322.45 54,077.43 0.00 0.00 0.00 0.00 0.00 7,429,627.40 50,012,099.34 562,030.16 879,620.92 308,739.28 2,697,747,488.67 1,038,442,036.68 2,318,805,776.65 369,910,267.87 270,332,182.68 3,041,846,025.58 1,258,845,531.05 2,209,344,325.65 75,202,613.21 91,173,348.98 1,038,310,602.20 522,701,100.64 1,458,451,675.95 78,452,719.43 239,564,894.88 15
Pictet Funds (LUX) 30 2009 World Government Bonds EUR High Yield EUR Short Mid- Term Bonds EUR EUR EUR 145,028,930.35 109,248,987.48 369,819,982.28 / 1,413,242.47-27,702,631.08 5,242,793.39 ( 2) 146,442,172.82 81,546,356.40 375,062,775.67 0.00 14,505,469.68 9,501,992.96, 1,434,293.61 2,658,148.21 6,439,932.90 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 95,606.17 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 289,097.80 0.00 swap ( ) ( 11) 0.00 0.00 0.00 0.00 0.00 0.00 147,972,072.60 98,999,072.09 391,004,701.53 270,148.52 0.00 0.00 ( 4) 31,720.89 68,669.06 69,987.40 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 3,006.94 0.00 ( 10) 0.00 882.15 61,909.32 ( 9) 911.92 73,870.00 195,550.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 ( 3) 2,247.93 3,041.27 9,891.04 18,574.85 16,807.59 36,553.04 213,332.84 0.00 0.00 536,936.95 166,277.01 373,890.80 30 2009 147,435,135.65 98,832,795.08 390,630,810.73 31 2008 112,259,361.06 72,829,938.23 199,869,584.99 31 2007 25,793,036.07 158,338,022.64 222,310,105.00 16
Pictet Funds (LUX) 30 2009 USD Short Mid-Term Bonds EUR Turbo Income CHF Bonds EUR Government Bonds EUR Inflation Linked Bonds USD EUR CHF EUR EUR 159,439,758.04 67,567.58 440,032,979.06 846,423,995.39 38,154,055.54 1,112,463.43-54,567.58-13,452,046.74 18,442,562.37 813,258.25 160,552,221.47 13,000.00 426,580,932.32 864,866,557.76 38,967,313.79 1,887,642.82 1,545,818.20 2,273,490.97 17,629,193.17 0.00 949,716.71 497.89 5,933,429.73 15,617,394.12 401,124.94 46,906.54 0.00 271,008.00 0.00 0.00 0.00 0.00 1,923.02 0.00 0.00 0.00 0.00 0.00 0.00 379.37 0.00 0.00 17,325.94 0.00 990.00 0.00 0.00 0.00 0.00 0.00 9,894.00 0.00 1,392,814.74 0.00 0.00 0.00 11,275.72 0.00 0.00 49,249.45 163,446,381.54 1,570,591.81 436,470,924.72 898,113,145.05 39,419,057.55 0.00 0.00 0.00 0.00 1,537,576.91 37,620.53 576.42 116,302.46 161,526.45 11,090.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 80,006.19 0.00 6,047.24 0.00 0.00 32,524.62 0.00 0.00 0.00 24,017.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,989.43 55.90 11,159.96 20,520.21 1,190.08 16,445.15 89.98 56,633.28 88,227.70 4,527.78 0.00 0.00 0.00 0.00 0.00 66,102.35 722.30 208,113.19 382,805.17 1,554,384.83 163,380,279.19 1,569,869.51 436,262,811.53 897,730,339.88 37,864,672.72 47,964,320.19 23,055,407.23 357,431,379.18 416,349,483.31 17,827,781.88 35,790,856.92 39,611,268.72 424,908,932.77 229,080,029.12 25,939,920.95 17
Pictet Funds (LUX) 30 2009 EUR Asset Backed Securities Emerging Local Currency Debt Asian Local Currency Debt EUR USD USD 1,984,887.49 246,124,505.73 58,854,077.23 / -928,637.49-3,317,999.34-851,224.13 ( 2) 1,056,250.00 242,806,506.39 58,002,853.10 23,761,660.69 20,562,827.00 22,417,855.60, 3,713.64 5,024,008.41 521,134.55 swap ( ) ( 11) 0.00 0.00 28,317.04 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 0.00 501,020.97 ( 9) 0.00 41,559.09 61,412.26 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 551.70 3,350,094.43 0.00 24,822,176.03 271,784,995.32 81,532,593.52 0.00 0.00 0.00 ( 4) 11.78 129,451.24 56,222.53 0.00 0.00 0.00 swap ( ) ( 11) 0.00 178,289.00 0.00 swap ( 12) 0.00 0.00 18,506.94 ( 10) 0.00 856,275.22 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 1,580.00 swap ( ) ( 11) 0.00 2,670,212.41 2,200,053.95 ( 3) 209.22 3,937.09 1,988.16 1,607.51 62,923.20 20,890.45 0.00 0.00 0.00 1,828.51 3,901,088.16 2,299,242.03 30 2009 24,820,347.52 267,883,907.16 79,233,351.49 31 2008 49,935,287.04 200,099,184.41 81,679,248.33 31 2007 66,050,601.17 810,926,109.56 279,533,459.86 18
Pictet Funds (LUX) 30 2009 Global Emerging Currencies (JPY) Liquidity Latin American Local Currency Debt (USD) Sovereign Liquidity (EUR) Sovereign Liquidity USD JPY USD USD EUR 15,518,879.70 24,944,063,213.00 13,899,410.43 814,714,104.56 2,938,970,338.46-20,153.20 355,134,170.00 246,880.84 7,577,626.58 3,466,989.27 15,498,726.50 25,299,197,383.00 14,146,291.27 822,291,731.14 2,942,437,327.73 854,852.18 967,583,196.25 77,200.35 0.00 0.00 376,442.61 54,678,280.00 190,410.63 118.79 3,022.56 0.00 0.00 527.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 782,435.80 0.00 36,074.57 0.00 69,187.24 0.00 0.00 2,235.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 85,371.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17,512,457.09 26,321,458,859.25 14,538,111.46 822,291,849.93 2,942,509,537.53 0.00 0.00 0.00 11,148,830.52 134,344,466.09 11,603.65 917,644.00 14,512.24 56,725.84 162,908.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 436,483,113.67 0.00 6,786,508.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 603.42 371,047.00 513.42 16,313.34 45,228.32 3,496.00 2,436,342.00 4,116.58 60,682.93 197,454.43 0.00 0.00 0.00 0.00 0.00 15,703.07 440,208,146.67 19,142.24 18,069,061.18 134,750,057.31 17,496,754.02 25,881,250,712.58 14,518,969.22 804,222,788.75 2,807,759,480.22 27,755,966.73 29,763,887,042.30 13,559,159.62 518,538,888.49 1,852,634,446.56-24,584,032,349.47 20,289,342.71 - - 19
Pictet Funds (LUX) 30 2009 European Equity Selection Small Cap Europe Emerging Markets EUR EUR USD 287,197,530.94 119,990,290.32 1,067,096,727.21 / -82,396,805.67-24,138,539.09-83,551,954.69 ( 2) 204,800,725.27 95,851,751.23 983,544,772.52 6,427,812.89 6,542,095.19 17,536,898.67, 36.62 326.69 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 0.00 0.00 0.00 211,228,574.78 102,394,173.11 1,001,081,671.19 0.00 0.00 0.00 ( 4) 120,969.89 110,298.24 654,887.67 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 ( 3) 7,098.88 3,087.15 18,114.01 160,196.67 30,143.51 316,469.73 0.00 0.00 0.00 288,265.44 143,528.90 989,471.41 30 2009 210,940,309.34 102,250,644.21 1,000,092,199.78 31 2008 280,745,165.69 102,571,402.00 934,801,557.41 31 2007 1,702,942,175.56 253,791,566.56 3,309,065,081.19 20
Pictet Funds (LUX) 30 2009 Eastern Europe Europe Index ( 1) USA Index European Sustainable Equities Japan Index EUR EUR USD EUR JPY 442,328,306.30 692,468,745.97 1,009,993,769.35 80,523,013.85 77,891,655,234.00-203,930,352.04-130,918,931.48-235,952,620.20-23,167,448.23-25,117,412,194.00 238,397,954.26 561,549,814.49 774,041,149.15 57,355,565.62 52,774,243,040.00 0.00 2,705,475.02 3,541,710.71 891,199.66 814,571,549.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27,712.50 0.00 4,155,013.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 338,568.45 234,913.65 0.00 0.00 238,397,954.26 564,593,857.96 777,845,486.01 58,246,765.28 53,592,969,602.49 4,626,030.05 0.00 0.00 0.00 0.00 180,484.24 101,741.15 161,836.21 27,977.13 10,551,444.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,615.06 14,305.59 22,174.75 1,593.20 760,578.00 119,714.82 56,157.01 84,949.02 16,373.16 6,542,091.00 0.00 0.00 0.00 0.00 84,167,080.47 4,933,844.17 172,203.75 268,959.98 45,943.49 102,021,193.47 233,464,110.09 564,421,654.21 777,576,526.03 58,200,821.79 53,490,948,409.02 267,877,694.99 308,623,363.25 731,165,211.60 60,453,966.39 63,887,788,464.99 1,149,246,581.00 564,531,949.69 784,903,835.34 160,165,514.95 44,850,715,947.00 21
Pictet Funds (LUX) 30 2009 Pacific (Ex Japan) Index Digital Communication Biotech USD USD USD 179,491,206.42 40,332,334.67 1,860,640,852.83 / -36,724,115.11-3,941,186.41-292,012,776.58 ( 2) 142,767,091.31 36,391,148.26 1,568,628,076.25 926,674.38 1,779,445.62 31,773,005.91, 0.00 48.28 813.97 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 180.66 4,241,679.47 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 93,353.75 0.00 0.00 143,787,119.44 38,170,822.82 1,604,643,575.60 0.00 0.00 0.00 ( 4) 20,446.59 48,103.32 2,077,803.84 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 ( 3) 2,352.16 1,355.68 55,417.75 13,739.50 10,085.07 520,767.17 0.00 0.00 0.00 36,538.25 59,544.07 2,653,988.76 30 2009 143,750,581.19 38,111,278.75 1,601,989,586.84 31 2008 156,835,210.86 58,145,049.06 1,934,516,277.49 31 2007 339,267,684.60 121,386,889.56 2,257,440,018.26 22
Pictet Funds (LUX) 30 2009 Premium Brands Water Indian Equities Japanese Equities 130/30 US Equities EUR EUR USD JPY USD 83,647,937.15 2,578,120,984.84 273,783,300.37 7,028,940,350.00 83,878,800.73-18,750,199.77-557,943,271.23-14,698,742.43-1,223,999,572.00 497,615.40 64,897,737.38 2,020,177,713.61 259,084,557.94 5,804,940,778.00 84,376,416.13 2,217,106.70 60,990,321.42 5,638,193.89 270,756,298.48 1,023,917.66 0.00 4,933.83 0.00 0.00 3.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 53,317,999.00 0.00 0.00 0.00 0.00 0.00 0.00 67,114,844.08 2,081,172,968.86 264,722,751.83 6,129,015,075.48 85,400,337.01 0.00 0.00 0.00 0.00 0.00 86,936.17 2,588,086.93 305,247.28 6,539,665.00 48,480.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,460,054.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,302.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,239.75 74,595.10 8,553.50 233,426.00 1,314.46 18,616.39 609,047.96 111,199.14 1,839,177.00 20,046.75 0.00 0.00 0.00 0.00 0.00 107,792.31 3,273,032.90 424,999.92 12,072,322.88 69,841.60 67,007,051.77 2,077,899,935.96 264,297,751.91 6,116,942,752.60 85,330,495.41 101,933,135.85 2,373,854,995.92 222,390,926.40 11,999,811,648.73 74,764,578.13 260,407,584.31 4,064,548,645.20 867,946,384.60 25,683,024,451.78 38,365,124.73 23
Pictet Funds (LUX) 30 2009 Asian Equities (Ex Japan) Greater China Japanese Equity Selection USD USD JPY 704,671,067.42 221,050,970.04 41,722,719,491.98 / 4,956,215.82 1,806,980.84-11,528,194,898.58 ( 2) 709,627,283.24 222,857,950.88 30,194,524,593.40 15,834,454.37 11,186,728.73 935,123,223.72, 0.00 91.57 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 246,799.69 0.00 102,142,122.12 ( 9) 0.00 267,774.20 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 0.00 0.00 0.00 725,708,537.30 234,312,545.38 31,231,789,939.24 0.00 0.00 0.00 ( 4) 649,294.88 287,898.62 16,800,248.99 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 ( 3) 15,330.17 8,283.93 558,174.33 222,181.35 67,296.20 8,204,197.62 0.00 0.00 0.00 886,806.40 363,478.75 25,562,620.94 30 2009 724,821,730.90 233,949,066.63 31,206,227,318.30 31 2008 698,953,256.35 188,101,628.78 39,560,355,193.33 31 2007 2,821,099,722.33 746,595,936.83 169,133,170,521.12 24
Pictet Funds (LUX) 30 2009 Generics Emerging Markets Index Japanese Mid-Small Cap Emerging Markets Large Cap Euroland Index ( 1) USD USD JPY USD EUR 168,003,030.51 508,735,697.04 1,947,468,988.00 27,495,140.08 125,072,712.85-24,137,335.29-23,896,167.86 44,089,212.00-1,320,913.18-23,862,553.01 143,865,695.22 484,839,529.18 1,991,558,200.00 26,174,226.90 101,210,159.84 4,163,282.66 3,896,458.49 72,397,004.78 1,165,134.04 362,589.37 103.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 383,204.46 0.00 0.00 238,245.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,214.39 148,412,285.39 488,735,987.67 2,063,955,204.78 27,577,606.77 101,582,963.60 0.00 0.00 0.00 0.00 0.00 167,899.86 68,408.48 2,928,871.00 41,506.22 8,595.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,436.96 7,847.08 80,922.00 908.12 1,645.34 44,029.63 94,128.60 704,918.00 10,751.32 7,556.77 0.00 49,452.55 0.00 0.00 0.00 216,366.45 219,836.71 3,714,711.00 53,165.66 17,797.23 148,195,918.94 488,516,150.96 2,060,240,493.78 27,524,441.11 101,565,166.37 126,176,133.07 172,676,138.14 2,237,939,683.58 25,531,865.14 76,004,555.52 174,118,582.12 288,174,618.06 4,045,240,219.00 89,931,643.31 40,304,318.31 25
Pictet Funds (LUX) 30 2009 US Equity Selection Security Clean Energy USD USD USD 2,011,265,590.15 107,041,660.81 631,857,085.16 / -288,574,134.56-10,145,920.72-200,421,444.91 ( 2) 1,722,691,455.59 96,895,740.09 431,435,640.25 39,425,260.66 5,814,564.32 22,776,271.52, 405.17 78.00 987.95 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 7,991,651.13 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 0.00 0.00 0.00 1,770,108,772.55 102,710,382.41 454,212,899.72 0.00 0.00 0.00 ( 4) 1,287,067.47 145,526.24 578,718.70 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 ( 10) 0.00 0.00 0.00 ( 9) 0.00 0.00 0.00 swap ( 12) 0.00 0.00 0.00 swap ( ) ( 11) 0.00 0.00 0.00 ( 3) 51,582.04 3,655.62 16,079.40 468,181.98 30,325.57 127,147.73 0.00 0.00 0.00 1,806,831.49 179,507.43 721,945.83 30 2009 1,768,301,941.06 102,530,874.98 453,490,953.89 31 2008 1,442,747,895.89 102,102,283.47 395,702,555.07 31 2007 955,858,857.21 268,593,809.83 1,011,045,766.58 26
Pictet Funds (LUX) 30 2009 Russian Equities Timber Global Megatrend Selection ( 1) Piclife Absolute Return Global Diversified USD USD USD CHF EUR 109,084,879.34 22,293,117.93 12,958,560.09 105,903,704.82 1,065,790,088.42-51,388,553.16 911,026.94-2,086,869.11-6,605,675.87-126,553,359.14 57,696,326.18 23,204,144.87 10,871,690.98 99,298,028.95 939,236,729.28 126,821.38 612,330.04 716,639.12 16,256,385.97 587,700,346.39 0.00 13.92 12.33 968,191.38 22,755.49 0.00 0.00 0.00 17,895.03 2.92 0.00 0.00 0.00 126.98 0.00 0.00 6,268.48 0.00 3,055.98 0.00 0.00 0.00 0.00 1,779,720.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91,969.46 0.00 0.00 0.00 0.00 0.00 0.00 57,823,147.56 23,822,757.31 11,588,342.43 118,415,374.03 1,526,959,834.08 0.00 0.00 0.00 0.00 0.00 64,527.83 18,534.93 16,571.54 73,321.65 1,299,403.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,817,279.05 0.00 0.00 0.00 0.00 71,752,040.42 0.00 0.00 0.00 1,585.91 0.00 0.00 0.00 0.00 0.00 3,892,477.43 1,832.08 399.65 425.84 4,866.04 42,176.18 17,302.58 6,738.49 3,140.76 18,754.40 340,181.90 0.00 0.00 0.00 6,819.03 0.00 83,662.49 25,673.07 20,138.14 105,347.03 79,143,558.43 57,739,485.07 23,797,084.24 11,568,204.29 118,310,027.00 1,447,816,275.65 84,134,410.97 10,200,551.20-59,197,487.97 1,610,292,388.32 - - - 84,476,708.46 3,392,399,584.69 27
Pictet Funds (LUX) 30 2009 Absolute Return Global Conservative 59,624,212.04 / -5,621,743.73 ( 2) 54,002,468.31 EUR 76,650,268.93, 6,812.49 swap ( ) ( 11) 0.05 swap ( 12) 0.00 ( 10) 2,332,802.59 ( 9) 0.00 swap ( 12) 0.00 swap ( ) ( 11) 0.00 0.00 132,992,352.37 0.00 ( 4) 62,299.08 0.00 swap ( ) ( 11) 0.00 swap ( 12) 0.00 ( 10) 0.00 ( 9) 4,290,879.86 swap ( 12) 0.00 swap ( ) ( 11) 97,234.13 ( 3) 2,847.90 26,784.73 0.00 4,480,045.70 30 2009 128,512,306.67 31 2008 128,270,179.22 31 2007 140,568,505.46 28
Pictet Funds (LUX) 29
Pictet Funds (LUX) 1 2008 30 2009 EUR Bonds USD Government Bonds EUR EUR USD 22,037,041,477.25 523,357,691.33 169,293,076.70 ( 13) 483,962.78 0.00 243.29 swap ( ) ( 11) 28,869,592.53 609,470.03 0.00 swap ( 12) 4,220,947.30 0.00 0.00, 142,338,671.54 10,490,418.13 4,178,167.80 5,066,004.34 44,663.11 8,904.06 91,126,149.72 0.00 0.00 8,177,759.70 802,624.17 0.00 280,283,087.91 11,947,175.44 4,187,315.15 ( 4) 70,925,437.61 877,614.53 564,631.38, 8,124,279.52 212,924.42 72,083.17 ( 5) 15,588,510.50 190,477.19 114,860.44 4,233,720.91 87,668.37 42,198.17 ( 3) 3,445,749.19 65,162.28 40,774.71 repos 39,528.26 20,819.73 0.00 swap ( ) ( 11) 33,543,296.87 685,139.60 0.00 swap ( 12) 2,271,734.13 50,925.10 0.00 1,672,171.98 0.00 0.00 139,844,428.97 2,190,731.22 834,547.87 140,438,658.94 9,756,444.22 3,352,767.28 / -2,209,975,313.22-27,181,755.66 1,704,637.26 / (pooling effect) ( 1) -175,790,169.43 210,168.77 0.00 / -110,268,557.95-21,714.82 3,039.81 / 68,005,841.20 1,600,790.52 319,344.44 / 132,958,610.75 107,777.91 764,865.25 / swap ( ) /CDS (swap ) 28,768,127.06 431,424.02 0.00-2,125,862,802.65-15,096,865.04 6,144,654.04 / : - 2,252,346,680.06 23,308,107.15 2,182,733.51-111,994,886.52 10,657.90-10,655.30 - -179,968,494.68 5,405.23-253,326.40 - swap -977,938.08-296,130.75 0.00 - swap -20,406,310.26 0.00 0.00 / 37,126,020.91 7,931,174.49 8,063,405.85 11,419,291,114.93 37,170,275.70 156,878,340.22-9,361,858,715.54-126,513,869.52-76,287,986.28 ( 14) -12,050,880.29-501,499.74-280,054.55 * 11,170,889.26-106,647.77 0.00 ** -360,758,579.07 23,769,961,327.45 441,337,124.49 257,666,781.94 * - 1 2008 30 2009. ** - 1 2008 30 2009. 30
Pictet Funds (LUX) 1 2008 30 2009 CHF Liquidity USD Liquidity EUR Liquidity EUR Corporate Bonds Global Emerging Debt CHF USD EUR EUR USD 3,041,846,025.58 1,258,845,531.05 2,209,344,325.65 75,202,613.21 91,173,348.98 3.37 482.98 38,579.31 97.94 0.00 0.00 0.00 0.00 378,171.81 2,484,677.14 0.00 0.00 0.00 1,200,545.03 738,286.39 17,872,809.92 14,245,780.00 27,562,196.87 4,538,688.52 5,613,057.82 354,906.50 122,989.63 1,049,087.49 31,648.82 38,628.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,233.82 0.00 18,227,719.79 14,369,252.61 28,649,863.67 6,150,385.94 8,874,649.63 831,804.11 704,704.97 1,665,093.65 468,133.09 625,609.42 222,801.00 102,348.53 215,106.06 46,948.50 41,071.35 280,022.75 139,137.63 271,126.15 128,642.85 164,004.56 533,486.54 215,652.53 423,419.76 35,118.53 27,591.89 329,191.89 138,865.11 327,304.28 33,656.73 26,538.52 0.00 2,187.67 8,388.89 0.00 0.00 1,697,676.41 0.00 0.00 751,840.41 2,749,653.85 0.00 0.00 81,676.25 243,171.40 334,440.37 0.00 0.00 0.00 0.00 0.00 3,894,982.70 1,302,896.44 2,992,115.04 1,707,511.51 3,968,909.96 14,332,737.09 13,066,356.17 25,657,748.63 4,442,874.43 4,905,739.67-30,109,619.57-27,339,428.96-3,069,185.64-2,828,776.55-1,147,815.91 0.00 0.00 0.00 12,461.74-2,303,277.79 25,728,605.37 20,645,891.16-1,711,619.09 513,647.45 4,101,178.90-3,017,632.29 765,255.24 51,538.20 742,014.10 88,379.66-4,500.00 0.00 0.00-737,075.54 739,629.17 0.00 0.00 0.00 217,580.61 140,581.53 6,929,590.60 7,138,073.61 20,928,482.10 2,362,726.24 6,524,415.23 38,612,872.00 48,594,012.60 5,693,787.87 9,374,711.23 24,393,193.86-35,383,482.95-47,582,649.41 453,571.28-305,900.24-2,670,555.89 0.00 0.00 0.00-32,310.00 35,353.39 0.00 0.00-466,051.38-141,501.51-62,417.90-1,780,120.00 0.00 0.00 0.00 413,323.05 8,378,859.65 8,149,436.80 26,609,789.87 11,257,725.72 28,633,311.74 729,964,805.70 1,998,791,395.16 1,412,051,517.00 319,023,432.52 188,103,529.88-1,070,425,053.49-2,227,198,341.05-1,328,829,172.00-35,247,252.63-37,446,698.62-12,017,148.77-145,985.28-370,683.87-236,192.07-567,937.47 0.00 0.00 0.00-90,058.88 436,628.17 2,697,747,488.67 1,038,442,036.68 2,318,805,776.65 369,910,267.87 270,332,182.68 31
Pictet Funds (LUX) 1 2008 30 2009 World Government Bonds EUR High Yield EUR Short Mid-Term Bonds EUR EUR EUR 112,259,361.06 72,829,938.23 199,869,584.99 ( 13) 787.75 0.00 0.00 swap ( ) ( 11) 0.00 152,969.41 0.00 swap ( 12) 0.00 209,601.10 0.00, 2,193,637.18 4,177,780.09 5,225,822.43 46,846.19 58,549.48 53,908.71 0.00 0.00 0.00 0.00 0.00 55.87 2,241,271.12 4,598,900.08 5,279,787.01 ( 4) 192,615.05 359,697.64 295,433.88, 49,316.94 18,159.04 63,301.51 ( 5) 48,127.41 58,715.22 58,880.22 28,071.62 14,326.79 49,230.67 ( 3) 16,490.42 15,397.20 49,355.64 repos 0.00 1,257.37 0.00 swap ( ) ( 11) 0.00 73,445.91 0.00 swap ( 12) 0.00 455,377.56 0.00 174,107.15 33.36 0.00 508,728.59 996,410.09 516,201.92 1,732,542.53 3,602,489.99 4,763,585.09 / 1,779,749.44-14,979,248.40 2,323,588.03 / (pooling effect) ( 1) 1,767,166.68 162,315.35 18,398.66 / -240,668.85-104,076.40 220,136.87 / 276,387.19 465,685.53 491,025.79 / -117,155.21 754,055.01-597,563.00 / swap ( ) /CDS (swap ) 0.00 36,412.20 0.00 5,198,021.78-10,062,366.72 7,219,171.44 / : - -3,582,379.57 18,373,401.96 3,561,334.57-95,606.17 130,579.05-47,476.65-9,194.16-361,140.00-333,190.00 - swap 0.00 578,607.80 0.00 - swap 0.00 0.00 0.00 / 1,720,442.54 8,659,082.09 10,399,839.36 183,873,899.29 38,195,355.77 262,238,635.21-149,402,392.88-20,169,234.03-81,557,247.50 ( 14) -1,111.43-461,734.09-137,393.63 * -1,015,062.93-220,612.89-182,607.70 147,435,135.65 98,832,795.08 390,630,810.73 * - 1 2008 30 2009. 32
Pictet Funds (LUX) USD Short Mid-Term Bonds 1 2008 30 2009 EUR Turbo Income CHF Bonds EUR Government Bonds EUR Inflation Linked Bonds USD EUR CHF EUR EUR 47,964,320.19 23,055,407.23 357,431,379.18 416,349,483.31 17,827,781.88 0.00 0.00 0.00 0.00 0.00 389,475.46 0.00 1,512,140.32 0.00 0.00 0.00 0.00 657,345.48 0.00 0.00 1,251,966.47 337,065.86 5,631,469.62 14,153,167.19 258,576.75 4,929.66 37,474.04 23,407.07 23,959.87 187.30 0.00 0.00 0.00 0.00 0.00 0.00 151,618.01 57,159.37 0.00 49,249.45 1,646,371.59 526,157.91 7,881,521.86 14,177,127.06 308,013.50 154,327.52 7,940.11 689,974.80 812,387.37 48,294.56 26,674.28 10,138.40 65,849.23 125,973.43 13,120.71 26,024.86 2,705.30 158,602.81 176,145.84 9,892.72 20,464.30 2,232.77 75,978.31 130,873.69 4,831.91 30,086.09 703.28 67,160.60 118,947.61 5,473.17 0.00 0.00 10,774.55 0.00 0.00 287,822.93 0.00 1,608,693.42 0.00 0.00 0.00 0.00 468,475.31 0.00 0.00 0.00 398.18 0.00 363.22 0.00 545,399.98 24,118.04 3,145,509.03 1,364,691.16 81,613.07 1,100,971.61 502,039.87 4,736,012.83 12,812,435.90 226,400.43 540,388.21-6,108,631.46-16,035,887.41 3,319,873.96-24,907.99 0.00 1,174,978.93-525,795.05 273,086.42 0.00 0.00-505,842.36 707,914.06 69,324.95 5,316.30 195,013.88-234,257.15-168,297.27 492,195.40 64,710.30-527,790.13-24,552.64-561,572.64-1,031,381.65-64,813.31 252,475.70 0.00 363,292.82 0.00 0.00 1,561,059.27-5,196,264.81-11,484,332.66 15,935,534.98 206,705.73 1,084,481.91 1,601,881.05 22,746,672.21 17,317,969.91 1,518,547.49 0.00 27,883.90-137,447.04-76,151.62-670.01 14,566.17 2,867.36 128,770.77-1,765.92 11,419.80 0.00 0.00 210,092.92 0.00 0.00-109,955.00 0.00 1,718,744.13 0.00 0.00 2,550,152.35-3,563,632.50 13,182,500.33 33,175,587.35 1,736,003.01 142,801,017.57 291,153.01 118,791,217.22 595,025,393.42 28,100,477.20-29,912,920.03-17,860,042.97-53,050,874.48-146,582,981.48-9,798,482.06-22,290.89-345.00-91,410.72-188,527.78-1,107.31 0.00-352,670.26 0.00-48,614.94 0.00 163,380,279.19 1,569,869.51 436,262,811.53 897,730,339.88 37,864,672.72 33