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Lazard Global Investment Funds Plc Lazard Global Investment Funds plc Für in der Schweiz eingetragene Teilfonds Auszug aus dem Jahresbericht und geprüften Abschluss Für das am 31. März 2020 endende Geschäftsjahr Inhalt Verwaltungsrat und sonstige Informationen .................................................................. 4 Bericht des Verwaltungsrates ........................................................................................ 6 Bericht des Anlageverwalters....................................................................................... 13 Bericht der Verwahrstelle ............................................................................................. 33 Gesamtergebnisrechnung ............................................................................................ 34 Bilanz ............................................................................................................................ 38 Aufstellung der Veränderungen im Nettovermögen der Anteilinhaber von Redeemable Participating Shares ................................................................................ 42 Anmerkungen zum Abschluss ...................................................................................... 46 Vermögensaufstellung der Portfolios ......................................................................... 107 Aufstellung der wesentlichen Anlageveränderungen (ungeprüft) .............................. 159 Offenlegung der Vergütung gemäß OGAW V (ungeprüft) .......................................... 169 Anhang 1: Zusätzliche Informationen für Anleger in der Schweiz (ungeprüft) .......... 171 Bericht für die Anleger in der Schweiz Einige Teilfonds von Lazard Global Investment Funds plc sind nicht für den öffentlichen Vertrieb in der Schweiz oder von der Schweiz aus zugelassen. Daher sind im vorliegenden Jahresbericht keine Informationen in Bezug auf diese Teilfonds enthalten. Die Anleger werden jedoch darauf hingewiesen, dass bestimmte im Jahresbericht enthaltene Angaben auf konsolidierter Basis dargestellt sind und daher auch Angaben zu den Teilfonds enthalten können, die nicht für den Vertrieb in der Schweiz oder von der Schweiz aus zugelassen sind. LAZARD GLOBAL INVESTMENT FUNDS PLC Lazard Global Investment Funds plc Geschäftsjahr zum 31. März 2020 3 Verwaltungsrat und sonstige Informationen Eingetragener Sitz der Gesellschaft Distribuenten 6th Floor Lazard Asset Management Limited 2 Grand Canal Square 50 Stratton Street Dublin 2 London W1J 8LL D02 A342 Vereinigtes Königreich Irland Lazard Asset Management (Deutschland) GmbH Register-Nr.: 467074 Neue Mainzer Straße 75 Manager 60311 Frankfurt am Main Deutschland Lazard Fund Managers (Ireland) Limited 6th Floor Lazard Asset Management Securities LLC 2 Grand Canal Square 30 Rockefeller Plaza Dublin 2 NY 10112-6300 D02 A342 USA Irland Anlageverwalter Lazard Asset Management Schweiz AG Usteristrasse 9 Lazard Asset Management LLC CH-8001 Zürich 30 Rockefeller Plaza Schweiz New York NY 10112-6300 Lazard Asset Management (Singapore) Pte. Limited USA 1 Raffles Place Lazard Emerging Markets Bond Fund #15-02 One Raffles Place Tower 1 Lazard Emerging Markets Local Debt Fund Singapur 048616 Lazard Emerging Markets Total Return Debt Fund Lazard Emerging Markets Debt Blend Fund Lazard Asset Management (Hong Kong) Limited Lazard Emerging Markets Debt Unrestricted Blend Fund Unit 7, Level 20 Lazard Emerging Markets Corporate Debt Fund *** 1 Harbour View Street, Central, Lazard Diversified Return Fund Hongkong Lazard European Alternative Fund Lazard Frères Gestion Lazard Rathmore Alternative Fund 25 rue de Courcelles Lazard US Fundamental Alternative Fund * 75008 Paris Lazard Opportunities Fund * Frankreich Lazard Global Hexagon Equity Fund * Lazard Asset Management (Deutschland) GmbH Lazard Fund Managers (Ireland) Limited Spanish Branch Neue Mainzer Straße 75 Paseo de la Castellana 140 60311 Frankfurt am Main Madrid 28046 Deutschland Spanien Lazard Scandinavian High Quality Bond Fund Lazard Fund Managers (Ireland) Limited Belgian Branch Lazard European High Yield Fund ** Avenue Louise 326 Verwahrstelle 1050 Brüssel Belgien State Street Custodial Services (Ireland) Limited 78 Sir John Rogerson’s Quay Lazard Fund Managers (Ireland) Limited, Dutch Branch Dublin 2 Mondriaan Tower D02 HD32 Amstelplein 54 Irland 26th Floor Administrator, Registerführer und Transferagent 1096 BC Amsterdam Niederlande State Street Fund Services (Ireland) Limited 78 Sir John Rogerson’s Quay Lazard Gulf Limited Dublin 2 Gate Village 1 D02 HD32 Level 2, Office 206 Irland Dubai International Financial Centre Dubai * Für neue Anleger geschlossen. P.O. Box 506644 ** Noch nicht mit Startkapital ausgestattet. Vereinigte Arabische Emirate LAZARD GLOBAL INVESTMENT FUNDS PLC *** Am 3. September 2019 aufgelegt. Lazard Global Investment Funds plc Geschäftsjahr zum 31. März 2020 4 Verwaltungsrat und sonstige Informationen (Fortsetzung) Zahlstelle in der Schweiz Rechtsberater für irisches Recht NPB Neue Privat Bank AG William Fry Limmatquai 1/am Bellevue 2 Grand Canal Square Postfach Dublin 2 CH-8022 Zürich D02 A342 Schweiz Irland Verwaltungsrat Rechtsberater für englisches Recht Michael Allen (Brite)** (zurückgetreten am 25. Juni 2019) MacFarlanes LLP Gavin Caldwell (Ire)*/** 20 Cursitor Street Andreas Hübner (Deutscher) London EC4A 1LT Daniel Morrissey (Ire)*/** Vereinigtes Königreich Jeremy Taylor (Brite)** Autorisierte Vertretung in der Schweiz * Unabhängige Verwaltungsratsmitglieder. ACOLIN Fund Services AG ** Mitglieder des Prüfungsausschusses. Leutschenbachstrasse 50 CH-8050 Zürich Keiner der Verwaltungsräte besitzt Führungsaufgaben. Schweiz Alle Verwaltungsratsmitglieder sind ebenfalls Verwaltungsratsmitglieder des Managers. Währungsmanager State Street Bank Europe Limited Secretary 20 Churchill Place Wilton Secretarial Limited London E14 5HJ 6th Floor Vereinigtes Königreich 2 Grand Canal Square Dublin 2 D02 A342 Irland Unabhängige Wirtschaftsprüfer PricewaterhouseCoopers Zugelassene Wirtschaftsprüfer und eingetragene Abschlussprüfer One Spencer Dock North Wall Quay Dublin 1 D01 X9R7 Irland Dieser Jahresbericht und der geprüfte Abschluss (die „Berichte und Abschlüsse“) kann in weitere Sprachen übersetzt werden. Eine solche Übersetzung enthält dieselben Informationen und hat dieselbe Bedeutung wie die Berichte und Abschlüsse in englischer Sprache. Bei Inkonsistenzen zwischen den unterschiedlichen Sprachversionen hat die englische Fassung der Berichte und Abschlüsse Vorrang, es sei denn, in einem Rechtsgebiet, in dem die Anteile verkauft werden, ist es gesetzlich vorgeschrieben, dass in einer Klage aufgrund der Offenlegung in Berichten und Abschlüssen in einer anderen Sprache als Englisch diejenige Sprache der Berichte und Abschlüsse Vorrang haben soll, auf der eine solche Klage basiert. Alle Rechtsstreitigkeiten zu den Bedingungen der Berichte und Abschlüsse, ungeachtet ihrer Sprache, unterliegen den Gesetzen von Irland und werden nach ihnen ausgelegt. LAZARD GLOBAL INVESTMENT FUNDS PLC Lazard Global Investment Funds plc Geschäftsjahr zum 31. März 2020 5 Bericht des Verwaltungsrates Der Verwaltungsrat (der „Verwaltungsrat“) legt hiermit seinen Jahresbericht und den geprüften Abschluss für das Geschäftsjahr zum 31. März 2020 vor. Lazard Global Investment Funds plc (die „Gesellschaft“) ist eine offene Investmentgesellschaft mit variablem Kapital und als Umbrellafonds mit getrennter Haftung der einzelnen Teilfonds (im Einzelnen als der „Fonds“ und insgesamt als die „Fonds“ bezeichnet) untereinander strukturiert, welche am Ende des Geschäftsjahres aus 15 Fonds bestand, von denen 11 aktiv waren (31. März 2019: 15 Fonds). Aufgaben des Verwaltungsrats Der Verwaltungsrat ist für das Erstellen des Berichts des Verwaltungsrats und des Abschlusses gemäß irischem Recht verantwortlich. Nach irischem Recht ist der Verwaltungsrat verpflichtet, für jedes Geschäftsjahr einen Abschluss vorzulegen, welcher ein den tatsächlichen Verhältnissen entsprechendes Bild von den Vermögenswerten, Verbindlichkeiten und der Finanzlage der Gesellschaft am Ende des Geschäftsjahrs sowie der Gewinne oder Verluste der Gesellschaft in dem Geschäftsjahr darstellt. Nach diesem Recht hat der Verwaltungsrat den Abschluss in Übereinstimmung mit den allgemein anerkannten Rechnungslegungsstandards in Irland (die vom Financial Reporting Council herausgegeben wurden, einschließlich Financial Reporting Standard 102 „The Financial Reporting Standard applicable in the UK and Republic of Ireland“ („FRS 102“)) erstellt. Nach irischem Recht darf der Verwaltungsrat den Abschluss nur genehmigen, wenn er sich vergewissert hat, dass dieser ein den tatsächlichen Verhältnissen entsprechendes Bild von den Vermögenswerten, Verbindlichkeiten und der Finanzlage der Gesellschaft am Ende des Geschäftsjahres sowie der Gewinne oder Verluste der Gesellschaft in dem Geschäftsjahr darstellt. Bei der Erstellung dieses Abschlusses ist der Verwaltungsrat verpflichtet: • geeignete Rechnungslegungsstandards auszuwählen und durchgängig anzuwenden; • angemessene und umsichtige Beurteilungen und Einschätzungen abzugeben; • anzugeben, ob der Abschluss in Übereinstimmung mit den geltenden Rechnungslegungsstandards erstellt wurde, und die betreffenden Standards zu identifizieren, vorbehaltlich wesentlicher Abweichungen von diesen Standards, die in den Anmerkungen zum Abschluss offengelegt und erläutert werden und • bei der Erstellung des Abschlusses von der Fortführung der Gesellschaft auszugehen, es sei denn, diese Annahme ist unzutreffend. Der Verwaltungsrat ist für die Führung angemessener Buchführungsunterlagen
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