CROWN SIGMA UCITS PLC an Umbrella Investment Company with Variable Capital and Segregated Liability Between Sub-Funds

CROWN SIGMA UCITS PLC An umbrella investment company with variable capital and segregated liability between sub-funds

ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

Registered number: 511245

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

TABLE OF CONTENTS Page

COMPANY INFORMATION 2

BACKGROUND TO THE COMPANY 3

INVESTMENT MANAGER’S REPORT 6

DIRECTORS’ REPORT 11

REPORT OF THE DEPOSITARY 15

INDEPENDENT AUDITORS’ REPORT 16

STATEMENT OF COMPREHENSIVE INCOME 19

BALANCE SHEET 25

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES 31

STATEMENT OF CASH FLOWS 37

NOTES TO THE FINANCIAL STATEMENTS 43

PORTFOLIO OF INVESTMENTS 104

STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) 154

FINANCIAL INFORMATION (UNAUDITED) 165

ADDITIONAL INFORMATION FOR INVESTORS IN SWITZERLAND 169

ADDITIONAL INFORMATION FOR INVESTORS IN GERMANY 172

ADDITIONAL INFORMATION FOR INVESTORS IN AUSTRIA 174

ADDITIONAL INFORMATION FOR INVESTORS IN LIECHTENSTEIN 175

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

COMPANY INFORMATION

DIRECTORS SECRETARY AND REGISTERED OFFICE Kevin Mathews (Irish)* LGT Fund Managers (Ireland) Limited Dr. Urs Gähwiler (Swiss) Third Floor Roger Gauch (Swiss) 30 Herbert Street Paul Garvey (Irish) Dublin 2 Desmond Tobin (Irish) Ireland * denotes Independent Director Main contact: Paul Garvey

INVESTMENT MANAGER, PROMOTER AND LEGAL ADVISORS SUB-DISTRIBUTOR Maples and Calder LGT Capital Partners Limited 75 St. Stephen's Green Schützenstrasse 6 Dublin 2 CH 8808 Pfäffikon Ireland Switzerland

MANAGER AND DISTRIBUTOR INDEPENDENT AUDITORS LGT Capital Partners (Ireland) Limited PricewaterhouseCoopers Third Floor Chartered Accountants and 30 Herbert Street Statutory Audit Firm Dublin 2 One Spencer Dock Ireland North Wall Quay Dublin 1 Main contact: Sivakumar Sethuraman Ireland

ADMINISTRATOR AND TRANSFER AGENT REPRESENTATIVE FOR SWITZERLAND RBC Investor Services Ireland Limited LGT Capital Partners Limited George’s Quay House Schützenstrasse 6 43 Townsend Street CH 8808 Pfäffikon Dublin 2 Switzerland Ireland

DEPOSITARY PAYING AGENT FOR SWITZERLAND RBC Investor Services Bank S.A., Dublin Branch LGT Bank (Schweiz) AG George’s Quay House Lange Gasse 15 43 Townsend Street 4002 Basel Dublin 2 Switzerland Ireland

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BACKGROUND TO THE COMPANY

The following information is derived from, and should be read in conjunction with, the full text and definitions section of Crown Sigma UCITS plc’s (the “Company”) prospectus (the “Prospectus”).

Structure

Fund size (NAV as at 30 April 2020): EUR 2,914,637,710 Date of incorporation: 27 March 2012 Investment vehicle type: Umbrella investment company with variable capital and segregated liability between sub-funds

The Company is an umbrella investment company with variable capital and segregated liability between sub- funds which is open-ended and was authorized by the Central Bank of Ireland pursuant to the provisions of the Companies Act 2014 and the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (as amended) (the “UCITS Regulations”).

The Company’s Prospectus was last updated with effect from 18 September 2019, as approved by the Central Bank of Ireland. The update was primarily to reflect the new sub-funds that were launched, update for Benchmark, CRS, FATCA and Data Protection Regulation, update to Exempt Irish Shareholders' definition and the "Eligible Counterparties to OTC Derivatives and Securities Financing Transactions" section, update pursuant to the requirements of the German Investment Tax Act and to the tax section including Automatic Exchange of Information, introduction of provisions facilitating hard and soft closure of Classes of Shares, inclusion of Derivative Settlement Risk and Position Risk factors, update to the Directors biographical information as well as correction of various typographical errors and updates to reflect the passing of time.

As at the end of the reporting period, the Company comprised of eleven sub-funds, all with limited liability. The first subscription dates of the active sub-funds were as follows:

 LGT Crown Listed Private Equity – 18 February 2013.  LGT Bond EMMA LC Sub-Fund – 29 April 2016.  LGT Sustainable Equity Global Sub-Fund – 29 April 2016.  LGT Sustainable Equity Europe Sub-Fund – 29 April 2016.  LGT Sustainable Bond Global Sub-Fund – 29 April 2016.  LGT Sustainable Bond Global Hedged Sub-Fund – 29 April 2016.  LGT Sustainable Quality Equity Hedged Sub-Fund – 31 March 2016.  LGT Bond EM Credit Opportunities Sub-Fund – 1 May 2017.  LGT Sustainable Bond Corporates Sub-Fund – 1 May 2017.  LGT Sustainable Equity Market Neutral Sub-Fund – 29 September 2017.  LGT Crown Liquid Private Equity Opportunities Sub-Fund – 1 November 2018.

Investment objective The investment objectives of the sub-funds are as follows

LGT Crown Listed Private Equity The sub-fund’s investment objective is to invest the available funds in companies that are active in, or associated with, the private equity industry with the purpose of spreading investment risks and enabling its shareholders to achieve an appreciation of capital over the medium to long-term. The anticipated returns are expected to be correlated to listed private equity returns. The base currency of the sub-fund is Euro.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BACKGROUND TO THE COMPANY (continued)

Investment objective (continued)

LGT Bond Emma LC Sub-Fund The investment objective of the sub-fund is to generate consistent medium-term capital appreciation by investing primarily in a broad range of fixed income securities listed or traded on a recognized exchange (such as bonds, including inter alia inflation-linked, high-yield or convertible bonds, credit linked notes, treasuries and money market instruments) which are issued by issuers from Emerging Markets and / or denominated in Emerging Markets currencies or otherwise linked or related to Emerging Markets. Furthermore, financial derivative instruments (“FDI”) may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub-fund is Euro.

LGT Sustainable Equity Global Sub-Fund The investment objective of the sub-fund is to generate consistent long-term capital appreciation by investing primarily in a broad range of equity securities and instruments (shares, participatory certificates and profit- sharing certificates) listed or traded on a recognized exchange. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub- fund is Euro.

LGT Sustainable Equity Europe Sub-Fund The investment objective of the Sub-Fund is to generate consistent long-term capital appreciation by investing primarily in a broad range of equity securities and instruments (such as shares, participatory certificates and profit-sharing certificates) listed or traded on a recognized exchange. Such securities and instruments will be either (i) issued by companies with their registered office in, or operating most of their business activities in, a European country, or (ii) holding companies that primarily hold participations in companies with registered offices in European countries. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub-fund is Euro.

LGT Sustainable Bond Global Sub-Fund The investment objective of the sub-fund is to generate consistent medium term capital appreciation by investing primarily in a broad range of debt securities and instruments (such as bonds, including inter alia inflation-linked, high-yield or convertible bonds, credit linked notes, treasuries and money market instruments listed or traded on a recognized exchange. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub-fund is Euro.

LGT Sustainable Bond Global Hedged Sub-Fund The investment objective of the sub-fund is to generate consistent medium term capital appreciation by investing primarily in a broad range of debt securities and instruments (such as bonds, including inter alia inflation-linked, high-yield or convertible bonds, credit linked notes, treasuries and money market instruments listed or traded on a recognized exchange and issued by private or public debtors globally. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub-fund is US Dollar.

LGT Sustainable Quality Equity Hedged Sub-Fund The investment objective of the sub-fund is to generate consistent long term capital appreciation by investing primarily in a broad range of equity securities and instruments (shares, participatory certificates and profit sharing certificates) listed or traded on a recognized exchange. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub- fund is US Dollar.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BACKGROUND TO THE COMPANY (continued)

Investment objective (continued)

LGT Bond EM Credit Opportunities Sub-Fund The investment objective of the sub-fund is to generate consistent medium term capital appreciation by investing primarily in a broad range of debt securities and instruments (such as bonds, including inter alia inflation-linked, high-yield or convertible bonds, credit linked notes, treasuries and money market instruments) listed or traded on a recognized exchange and which are issued by issuers from emerging markets and opportunistically issued by issuers from developed markets. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub-fund is US Dollar.

LGT Sustainable Bond Corporates Sub-Fund The investment objective of the sub-fund is to generate consistent medium term capital appreciation by investing primarily in a broad range of debt securities and instruments (such as bonds, including inter alia inflation-linked, high-yield or convertible bonds, credit linked notes, treasuries and money market instruments) listed or traded on a recognized exchange and issued by private or public debtors globally. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards and options. The base currency of the sub-fund is US Dollar.

LGT Sustainable Equity Market Neutral Sub-Fund The investment objective of the sub-fund is to generate consistent long term capital appreciation by investing primarily in a broad range of single equity and equity index securities and instruments. The Investment Manager will pursue a long/short equity market neutral strategy. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards, contracts for difference and options. The base currency of the sub-fund is US Dollar.

LGT Crown Liquid Private Equity Opportunities Sub-Fund The investment objective of the sub-fund is to generate consistent medium to long term appreciation of capital by investing predominantly in equities, equity related transferable securities, as well as fixed income securities of companies that are benefitting from or have the potential to benefit from Private Equity value creation strategies. Furthermore, FDI may be used to achieve the investment objective including futures, swaps, currency forwards, contracts for difference and options. The base currency of the sub-fund is US Dollar.

There can be no assurance that the Sub-Funds will achieve their investment objective and investment results may vary substantially on a monthly, quarterly and annual basis, and over the course of a market cycle.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

INVESTMENT MANAGER’S REPORT

Loose monetary policy dominated market developments in spring and summer of 2019. In addition, there was progress in the Sino-US trade talks. These developments created positive investor sentiment and resulted in a tailwind for global stock markets, which quickly recovered from their double-digit losses at the end of 2018. Indices even went on to reach new highs after the US Federal Reserve cut interest rates in July for the first time since the end of the financial crisis. In contrast, overall economic data remained mixed to disappointing. Although the US economy proved to be robust, the plunging leading indicators - especially for the European manufacturing sector - caused uncertainty. Therefore, it is no surprise that earnings estimates were constantly revised downward over the course of the year. Moreover, geopolitical risk came to the forefront again. In the period between May and July 2019 the market environment was very favorable for fixed income asset classes. Sovereign bond yields continued to move lower on the back of a dovish turn by the Federal Reserve (Fed) and the European Central Bank (ECB). Corporate credit spreads tightened further in the investment grade area. In currencies, the British Pound and the Australian Dollar underperformed. The Euro was solid and appreciated versus the US Dollar. At the beginning of August, Washington extended customs duties to almost all Chinese imports into the US. Shortly thereafter, the Chinese central bank allowed the Yuan to depreciate and global stock markets corrected, once again fearing a continuing tariff and currency war. The geopolitical deterioration and persistently weak economic data also led to an inversion of the yield curve and fuelled recession fears. In consequence, major central banks went on to cut rates further. As early as September, equity markets recovered as a result of easier financial conditions and thanks to progress in the trade dispute negotiations as a phase-one agreement was promised.

The European Union and the United Kingdom also agreed on a new Brexit deal, and the withdrawal date was postponed until 2020. The economic data, which stabilized at a low level, also had a positive impact by easing fears of an imminent recession somewhat. On the other hand, the political situation in emerging markets remained fragile due to numerous protest movements. At last, a further wave of relief swept over financial markets in December, marked by a reached phase-one deal in the trade dispute. Overall, the positive developments thus prevailed, and the major equity indices closed the year at new highs.

The rather positive start into the current year came to an abrupt halt in mid-March as the coronavirus went global. In the course of pandemic control, economic and social activity was temporarily halted in most major economies. The engineered recession also prompted severe corrections in financial markets and effectively ended the bull market in equities. However, the policy response that followed surprised both in terms of speed and magnitude, exceeding anything seen in peace times before. Thus, markets started to recover across asset classes toward the end of March. The various equity indices (in local currency inclusive of dividends) ended the reporting period with the following returns: S&P500 +0.9%, MSCI Europe -11.6%, MSCI Emerging Markets - 12% and Nikkei -7.3%.

On the bond front, the world economy lost further momentum in the second quarter 2019, with the global purchasing managers' index for the manufacturing sector falling below the significant 50 mark. Although the US remained the global economic driving force, signs of a slowdown became increasingly noticeable. In Europe, with its beleaguered economy, the feared shift to the right in the EU parliamentary elections did not materialize. However, the Brexit chaos deepened after Theresa May's resignation. Meanwhile, markets have been driven by central banks and geopolitical risks. As trade tensions between the US and China resurfaced and political tensions between the US and Iran emerged in the Middle East, central banks across the globe turned even more dovish. At their meetings in mid-June, comments from the Fed and ECB confirmed the growing dovishness among policymakers, with both clearing the way for further policy measures if needed. The supportive monetary policy backdrop supported a rally in interest rate markets and the amount of bonds globally with negative nominal yields surged to a record USD 13 trillion. Oil prices fell due to fears of contagion effects from trade tensions over global growth and together with recent sub-par inflation releases affected inflation expectations negatively.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

INVESTMENT MANAGER’S REPORT (continued)

The third quarter of 2019 was very eventful with growing tensions in the Middle East, an escalating Brexit crisis and the ongoing trade conflict between the US and China. Global economic indicators continued to show signs of a slowdown in growth, particularly in Europe. Central banks responded to rising fears of recession and geopolitical risks with further monetary easing. The Fed lowered interest rates in September for the second time in two months by 25 basis points to a target of 1.75 - 2.00%. The ECB relaxed monetary policy with a bundle of measures, although there was little consensus among members of the Governing Council. Overall, real and nominal yields in all developed markets fell sharply in the quarter and the linker and nominal markets recorded significant price gains. With sovereign bond yields moving lower and credit spreads broadly stable, fixed income markets enjoyed a solid quarter.

In currencies, the Euro depreciated versus the US Dollar, while the Japanese Yen was outperforming its major peers. Investor sentiment turned cautiously optimistic in the fourth quarter as geopolitical risks, that dominated the markets previously, seemed to fade towards the end of 2019. During the fourth quarter, the Fed cut interest rates once. Afterwards in December, Chairman Jerome Powell sent a clear message that rates are appropriate for now and stated that a significant persistent rise in inflation is necessary for future rate hikes to be considered. In the Eurozone, ECB President Christine Lagarde held her first press conference following a meeting of the Governing Council. Meanwhile, in the UK, the landslide victory for the Conservative Party removed uncertainty and added further impetus for an orderly exit from the EU. However, the biggest market driver in the fourth quarter 2019 was the unexpected announcement that China and the US had reached a phase one trade deal, even after the previous developments in Hong Kong. This event combined with stable economic data and the highly accommodative central banks around the globe was the primary catalysts for higher nominal and real yields as well as breakeven rates in most markets. The quarter provided a very benign environment for risky asset classes.

In contrast, government bonds were less in demand and yields edged up higher. Credit spreads tightened from already low levels and could not fully compensate for the negative impact from interest rate duration. In currencies, the Euro and the Pound performed well, while the Japanese Yen was underperforming its major peers.

The first months of 2020 were historic as the coronavirus pandemic became the largest global health crisis for decades and the implemented lockdown policies to contain it have had dramatic effects on the economy and financial markets. Policy makers around the world responded with unprecedented swiftness and scale unleashing massive monetary and fiscal measures. The Fed cut rates to near zero, pledged “unlimited” QE and took other extraordinary measures to restore liquidity. Meanwhile, the ECB introduced its Pandemic Emergency Purchase Program, which includes purchasing up to EUR 750 billion in bonds this year. The Bank of England joined the ECB delivering a major easing package by cutting its policy rate to 0.10% and announcing a new QE program of GBP 200 billion amounting to 9% of UK GDP. Central bank easing is being accompanied by vast fiscal stimulus with the US passing a USD 2 trillion package and Germany preparing an additional budget worth 4-5% of GDP. Meanwhile, the oil market had the worst quarter ever when the price for crude oil slumped by 66% due to the combination of a demand shock from the coronavirus pandemic and a supply shock from the Saudi Arabia-Russia price war.

Government bond yields declined over the first quarter as higher risk assets suffered amid rising fears over the Covid-19 pandemic. Investors favoured the perceived safety of government bonds due to the growing likelihood of a deep global recession. The moves largely occurred in late-February and March as numerous countries went into lockdown in response to the pandemic, seriously depressing economic activity. This resulted in severe declines and extreme daily swings in assets prices on a scale comparable to the crises of 2008 and 2011. Over the month of March, corporate bonds suffered their worst correction since the Global Financial Crisis. The unprecedented level of uncertainty due to the Covid-19 pandemic and the draconian safety measures taken by authorities globally caused extreme uncertainty in financial markets which led to selling pressure for corporate bonds and a substantial re-pricing of risk premia.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

INVESTMENT MANAGER’S REPORT (continued)

In currencies, the US dollar and the Swiss franc benefitted from a flight to safety, while the Australian and the Canadian dollar as well as the Norwegian krone suffered heavily.

In the second quarter of 2019, the emerging markets were hit by a new flare-up in the trade dispute between the US and China. Meanwhile, the increased risk of a military conflict in the Middle East fuelled economic concerns. The anticipation of a turnaround in global monetary policy also resulted in a strong rally in local emerging market bonds and currencies in June, after rather difficult months in April and May. As the market started to price in rate cuts by the Fed, the US Dollar started to weaken and provided strong support for emerging market currencies. In addition, the situation in Argentina and Turkey improved and the absence of other idiosyncratic country stories helped to improve the sentiment further. The absence of a trade deal between the US and China weighed on markets. In addition, the inversion of the US yield curve was seen as an indication of the arrival of a recession in the US. As a result, the market traded sideways most of May with a slightly negative tilt. In contrast, June was a very positive month.

The ECB and the Fed became very dovish in their comments, as inflation remained muted and fundamentals deteriorated on both sides of the Atlantic. This dovish turn was a massive boost for the overall market sentiment and lifted local emerging market debt to new highs in 2019. Both bonds and currencies rallied on the back of lower yields in developed markets and a weaker US Dollar. Even the two weakest links, namely Argentina and Turkey, rallied and significantly outperformed the market driven by a more constructive political environment. In Argentina, President Macri announced Senator Miguel Angel Pichetto as his running mate, forming an important alliance with moderate Peronists. In Turkey, the re-run of the Istanbul election brought an impressive win by the opposition and the AKP accepted the result immediately. The tensions with the US over Turkey’s purchase of an S-400 missile defense system from Russia remains a negative factor. Brazil benefited from the outlook of a long-awaited social security reform passing all the democratic steps over the course of 2019. The country has to deliver a meaningful reform in order to close the massive funding gap that has a substantial negative impact on the country’s fiscal situation. Russian bonds and currencies were buoyed by higher oil prices and the absence of additional sanctions. After a strong market in June, various tactical longs on the currency side implemented between March and May were closed or reduced, namely in Brazil, Chile, Colombia and South Korea.

The global economy continued to cool in the third quarter. Local emerging market bonds experienced a solid third quarter. The dovish turn of major central banks supported the asset class. Emerging market central banks followed with rate cuts as the disinflationary environment, stable currencies and a global growth slowdown gave them room to act. As a result, returns were mainly driven by bond prices, while currencies had a difficult time to appreciate meaningfully in the absence of economic growth. Turkey performed strongly ahead and after the central bank’s decision to cut rates by 425bps as inflation numbers had come constantly down. Market fears over potential US sanctions on the back of Turkey’s purchase of an S-400 missile defense system from Russia have not materialized so far. However, the economic and political situation remains fragile with the economy tanking and the situation in north Syria unresolved. Thailand was another outperformer. Despite the fact that the currency looks expensive and fundamentals deteriorated, the market enjoyed a strong quarter. The central bank signaled that it is not comfortable with the current strength of the currency and indicated interventions if deemed necessary. The big outlier over the quarter was Argentina. While it was expected that the opposition’s candidate Fernandez would be ahead of President Macri by 2-3 percentage points, the massive defeat by 15 percentage points shocked the market. As a consequence, bonds and the Peso sold off dramatically as market participants priced-in a return to unorthodox policies and a likely default on its external debt. The current administration had to introduce capital controls, which brought a further dysfunctionality in the currency market. There was no imminent spill over to other markets, but Brazil and Uruguay underperformed as well. In Brazil, the pressure on Bolsonaro on the back of the widely discussed Amazon fires was not supportive, while further progress on the social security reform was made. Central and Eastern European countries also underperformed.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

INVESTMENT MANAGER’S REPORT (continued)

The fourth quarter of 2019 was outstanding from the point of view of the financial markets - particularly when compared to the same period of the previous year. The last quarter of 2019 provided a benign background for emerging markets local currency debt. Major central banks continued to be dovish and the US-China trade conflict started to ease somewhat. Bonds and currencies both contributed positively. Africa (South Africa) was the best performing region as the risk of a downgrade to junk by all rating agencies was avoided, which supported the Rand. On the other hand, Latin America was underperforming. Domestic political tensions in Chile and Colombia had a negative impact on asset performance. Chile, as a result, was the poorest performing country in the quarter as bonds and the Peso sold-off heavily. Given the overall positive sentiment, rates markets in low beta countries (e.g. Czech Rep., Thailand) underperformed and were negative. Argentina fell out of the benchmark as capital controls will continue to persist for some time. Consequently, the country is no longer eligible to be part of the JPM GBI-EM series. However, the Peso stabilized just below the spot of 60 versus the US Dollar and bonds rebounded in a very volatile manner. The new government is working on a debt restructuring with the IMF and large bondholders and the market should see some indication in the first quarter of 2020. Turkey started its offensive into north-eastern Syria, code-named Operation Peace Spring.

The first four months of the new decade was extremely turbulent. Due to the coronavirus pandemic and the fight against it, economic activity fell sharply and even reached recessionary territory. The long-running bull market came to an abrupt end. Stock markets corrected into a bear market at record speed while market volatility rose to new all-time highs. In the prevailing panic and liquidity squeeze, the broad sell-off did not spare even safe havens like gold. Credit spreads widened significantly for both high-quality and high-yield bonds. The oil price fell back to 20 USD/bbl due to a demand and supply shock. Decision-makers around the world tried to provide reassurance. In the USA, the Fed reduced the key interest rate (to between 0 - 0.25% once again) at two extraordinary meetings and announced further monetary policy measures. In Europe, the ECB announced an emergency purchase program worth EUR 750 billion. In addition, large fiscal packages were put in place worldwide to support the real economy. It was an extremely difficult start to the year for the asset class as the global economy came to an almost complete halt as most major economies shut down public life to contain the Coronavirus pandemic. At the same time, Russia and Saudi Arabia entered into a price battle on oil as an agreement of a joint production cut could not be reached. For emerging market economies, lower commodity prices are net negative. As a result, countries with commodity-sensitive economies underperformed the overall market. On top of that and driven by the expectation of a global recession, various countries were downgraded, such as Colombia, Mexico and South Africa, the latter now being in junk territory by all main rating agencies. South Africa was the worst performer in the universe, losing more than a quarter of its index value.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

INVESTMENT MANAGER’S REPORT (continued)

Sub-fund performance

During the year the various sub-funds had net performance as follows:

Class A (10.64) % Class B (11.09) % LGT Crown Listed Private Equity Class C (12.68) % Class D (13.10) % Class O (9.74) % Class A (9.89) % Class B (2.50) % LGT Bond EMMA LC Sub-Fund Class E (4.72) % Class F (10.29) % Class A (1.02) % LGT Sustainable Equity Global Sub-Fund Class C 3.54 % Class E 0.48 % Class A (7.01) % LGT Sustainable Equity Europe Sub-Fund Class B (6.99) % Class C (7.65) % Class A 3.77 % LGT Sustainable Bond Global Sub-Fund Class B 6.31 % Class C 5.90 % Class A 8.09 % LGT Sustainable Bond Global Hedged Sub-Fund Class B 0.77 % Class A (1.89) % LGT Sustainable Quality Equity Hedged Sub-Fund Class B 5.55 % Class C (7.81) % Class A (6.43) % Class B (6.93) % LGT Bond EM Credit Opportunities Sub-Fund Class H (7.53) % Class J (9.46) % Class A 3.20 % LGT Sustainable Bond Corporates Sub-Fund Class H 2.28 % Class J 0.04 % Class A 8.07 % Class B 5.15 % Class C 4.19 % LGT Sustainable Equity Market Neutral Sub-Fund Class E 6.59 % Class F 3.59 % Class G 3.12 % LGT Crown Liquid Private Equity Opportunities Sub-Fund Class O (12.96) %

LGT Capital Partners Ltd. Pfäffikon, Switzerland August 2020

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

DIRECTORS’ REPORT

The Directors submit their annual report together with the audited financial statements, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares, the Statement of Cash Flows, the related notes for the Company and its sub-funds and the Portfolio of Investments, for the year ended 30 April 2020.

Statement of Directors’ responsibilities The Directors are responsible for preparing the Directors’ report and the financial statements in accordance with Irish law which requires the Directors to prepare financial statements for each financial year that gives a true and fair view of the Company’s assets, liabilities and financial position as at the end of the financial year and of the profit or loss of the Company for the financial year. Under that law the Directors have prepared the financial statements in accordance with International Financial Reporting Standards (“IFRS”), as adopted by the European Union (“EU”).

Under Irish law, the Directors shall not approve the financial statements unless they are satisfied that they give a true and fair view of the Company’s assets, liabilities and financial position as at the end of the financial year and the profit or loss of the Company for the financial year.

In preparing the financial statements, the Directors are required to: (i) select suitable accounting policies and then apply them consistently; (ii) make judgments and estimates that are reasonable and prudent; (iii) state whether the financial statements have been prepared in accordance with applicable accounting standards and identify the standards in question, subject to any material departures from those standards being disclosed and explained in the notes to the financial statements; and (iv) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors confirm that they have complied with the above requirements in preparing the audited financial statements. These financial statements may be available on the website of LGT Capital Partners Limited and/or any regulatory website as may be required by law and/or regulations. The Directors are responsible for the maintenance and integrity of corporate and financial information included on the Company's website.

The Directors are responsible for keeping adequate accounting records that are sufficient to: (i) correctly record and explain the transactions of the Company; (ii) enable, at any time, the assets, liabilities, financial position and profit or loss of the Company to be determined with reasonable accuracy; and (iii) enable the Directors to ensure that the financial statements comply with the Companies Act 2014 and enable those financial statements to be audited.

The Directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Under the UCITS regulations, the Directors are required to entrust the assets of the Company to the Depositary for safe-keeping. The Depositary appointed as at the year end is RBC Investor Services Bank S.A., Dublin Branch.

Directors’ compliance statement The Directors acknowledge that they are responsible for securing the Company’s compliance with its relevant obligations. The Directors confirm that they have;

(i) drawn up a compliance policy statement setting out the Company’s policies respecting compliance by the Company with its relevant obligations; (ii) put in place appropriate arrangements or structures that are designed to secure material compliance with the Company’s relevant obligations; and (iii) conducted a review, during the financial year ended 30 April 2020, of the arrangements and structures, referred to at (ii) above. 11

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

DIRECTORS’ REPORT (continued)

Corporate governance statement The Board has adopted a voluntary Corporate Governance Code for Collective Investment Schemes & Management Companies (the “Code”) issued on 14 December 2011 by the Irish Funds Industry Association. The Company has been in compliance with the Code for the entire year.

Accounting records The Directors are responsible for keeping adequate accounting records that are sufficient to: (i) correctly record and explain the transactions of the Company; (ii) enable, at any time, the assets, liabilities, financial position and profit or loss of the Company to be determined with reasonable accuracy; and (iii) enable the Directors to ensure that the financial statements comply with the Companies Act 2014 and enable those financial statements to be audited.

The measures taken by the Directors to secure compliance with the Company’s obligations to keep adequate accounting records are the use of appropriate systems and procedures, appointment of an administrator and employment of competent persons.

Investment objective The Company’s investment objective is to spread investment risk and enable its shareholders to achieve an appreciation of capital over the medium to long-term. The investment objectives of each individual sub-fund are detailed in the Background to the Company section of these financial statements.

Review of business and future developments The first four months of 2020 has seen a sharp increase in the volatility of all financial markets due to the COVID-19 pandemic. The Directors of the Company are actively monitoring the situation and, with the support of the Manager, continue to manage the Company's assets within investment and risk parameters that have been established. The Directors will continue to review the situation in order to navigate the Company through this period of heightened uncertainty.

A detailed review of the business is included in the Investment Manager’s Report. A summary of future developments is included in the events since the period end note. Details of subscriptions and redemptions in and out of each share class are also detailed in Note 8, along with details of significant investors and the rights attached to each share class.

The Directors do not propose to change the current strategy or investment objectives of the Company for the foreseeable future.

Risk management objectives and policies The Company is exposed to a variety of financial risks including: market, currency, interest rate, credit and liquidity risks and attributes great importance to professional risk management. The Company has investment guidelines that set out its overall business strategies, its tolerance for risk and its general risk management philosophy and has established processes to monitor and control the economic impact of these risks. The Investment Manager provides the Company with investment recommendations that are consistent with the Company’s objectives. The nature of the Company’s risks and the actions taken to manage these risks are analyzed in more detail in Note 4 to these financial statements. The Company’s capital is represented by the net assets attributable to holders of redeemable participating shares. The policies in place to ensure the preservation of this capital and to ensure the ability to continue as a going concern is detailed in Note 4(f) to these financial statements.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

DIRECTORS’ REPORT (continued)

Connected parties Chapter 10 of the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015 (SI No 420 of 2015) (the "Regulations") – ‘Dealings by promoter, manager, trustee, investment adviser and group companies’ states that any transaction carried out with a UCITS by a promoter, manager, trustee, investment adviser and/or associated or group companies of these (“connected parties”) must be carried out as if negotiated at arm’s length. Transactions must be in the best interests of the shareholders.

The Directors are satisfied that there are arrangements (evidenced by written procedures) in place, to ensure that the obligations set out in Chapter 10 of the Regulations are applied to all transactions with connected parties; and the Directors are satisfied that transactions with connected parties entered into during the period complied with the obligations set out in this paragraph.

Results and distributions The results for the year are set out in the Statement of Comprehensive Income. Total dividends of EUR 73,729,600 (2019: EUR 57,323,613) were paid during the year ended 30 April 2020 on the following distribution dates.

Sub-Fund Distribution Date Amount LGT Bond EMMA LC Sub-Fund 28 April 2020 EUR 10,256,069 LGT Sustainable Equity Global Sub-Fund 28 April 2020 EUR 29,843,274 LGT Sustainable Bond Global Sub-Fund 28 April 2020 EUR 2,467,030 LGT Sustainable Quality Equity Hedged Sub-Fund 28 April 2020 USD 34,531,743

ERISA declaration The Company does not constitute “plan assets” as defined under the Employee Retirement Income Security Act (“ERISA”) as less than 25% of the Company is owned by “benefit plan investors”.

Events since the Balance Sheet date Events since the Balance Sheet date are disclosed in Note 16 to the financial statements.

Directors The persons who were Directors at any time during the year ended 30 April 2020 and 30 April 2019, along with any changes in Directors during the year, are as follows.

Kevin Mathews (Irish)* Dr. Urs Gähwiler (Swiss) Roger Gauch (Swiss) Paul Garvey (Irish) Desmond Tobin (Irish)

* denotes Independent Director

Directors' and Secretary's interests The Directors have the power to appoint any person to be a Director. Any Director so appointed shall hold office until the next annual general meeting and shall then be eligible for re-election. Directors are not required to retire by rotation. A Director must, however, be a person approved for that purpose by the Central Bank of Ireland.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

DIRECTORS’ REPORT (continued)

The Company, by ordinary resolution of which extended notice has been given in accordance with the provisions of the Companies Act 2014, may remove any Director notwithstanding anything in the Articles of Association of the Company (the “Articles”) or in any agreement between the Company and such Director and may, if thought fit, by ordinary resolution appoint another Director in his stead. The prior approval of the Central Bank of Ireland, and a majority of the shareholders (by way of a special resolution) shall be required to any amendment to the Articles.

The Directors and Secretary and their families had no direct interests in the shares of the Company at 30 April 2020. No Director had at any time during the period, a material interest in any contract of significance, existing during or at the end of the period, in relation to the business of the Company. Certain Directors may have indirect interests in the shares of the Company by way of their co-investments in the various LGT funds.

The Directors of the Company may also be directors of the Investment Manager and Sub-Distributor or Manager and Distributor or both. Certain current Directors are or have been directors of LGT Capital Partners (Ireland) Limited and LGT Fund Managers (Ireland) Limited during the period as follows:

LGT Capital Partners (Ireland) LGT Fund Managers Limited (Ireland) Limited Desmond Tobin x x

Remuneration disclosure The AIFMD disclosure provisions of Article 13 of the Directive 2011/61/EC (in particular Annex II) and European Securities and Markets Authority’s (“ESMA”) “Guidelines on sound remuneration policies under AIFMD” have been applied at the level of the Management Company. Disclosures regarding remuneration policy are included in the Financial Information (unaudited) section at the back of these financial statements.

Relevant audit information The Board of Directors is satisfied there is no relevant audit information of which the Company’s statutory auditors are unaware. Furthermore, the Board of Directors confirm they have taken all appropriate steps in order to make themselves aware of any relevant audit information and to establish that the Company’s statutory auditors are aware of that information.

Audit Committee The Directors believe that there is no requirement to form an audit committee as the Board has only non- executive Directors and one independent Director and the Company complies with the provisions of the Irish Funds’ Corporate Governance Code. The Directors have delegated the day to day investment management and administration of the Company to the Investment Manager, Manager and to the Administrator respectively. The Directors have also appointed RBC Investor Services Bank S.A., Dublin Branch as depositary of the assets of the Company.

Independent Auditors PricewaterhouseCoopers have expressed their willingness to continue in office in accordance with section 383 of the Companies Act 2014.

On behalf of the Board

______Director Director Date: 24 August 2020

Independent auditors’ report to the members of Crown Sigma UCITs plc

Report on the audit of the financial statements

Opinion In our opinion, Crown Sigma UCITs plc’s financial statements: • give a true and fair view of the Company’s and sub-funds’ assets, liabilities and financial position as at 30 April 2020 and of their results and cash flows for the year then ended; • have been properly prepared in accordance with International Financial Reporting Standards (“IFRSs”) as adopted by the European Union; and • have been properly prepared in accordance with the requirements of the Companies Act 2014 and the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (as amended). We have audited the financial statements, included within the Annual Report and Audited Financial Statements, which comprise: • the Balance Sheet as at 30 April 2020; • the Statement of Comprehensive Income for the year then ended; • the Statement of Cash Flows for the year then ended; • the Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares for the year then ended; • the Portfolio of Investments for each of the sub-funds as at 30 April 2020; and • the notes to the financial statements for the Company and for each of its sub-funds, which include a description of the significant accounting policies.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (Ireland) (“ISAs (Ireland)”) and applicable law. Our responsibilities under ISAs (Ireland) are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We remained independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in Ireland, which includes IAASA’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which ISAs (Ireland) require us to report to you where: • the directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or • the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company’s and sub-funds’ ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the Company’s and sub-funds’ ability to continue as going concerns. Reporting on other information The other information comprises all of the information in the Annual Report and Audited Financial Statements other than the financial statements and our auditors’ report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except to the extent otherwise explicitly stated in this report, any form of assurance 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 we identify an apparent material inconsistency or material misstatement, we are required to perform procedures to conclude whether there is a material misstatement of the financial statements or a material misstatement of the other information. 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 that fact. We have nothing to report based on these responsibilities. With respect to the Directors’ Report, we also considered whether the disclosures required by the Companies Act 2014 have been included. Based on the responsibilities described above and our work undertaken in the course of the audit, ISAs (Ireland) and the Companies Act 2014 require us to also report certain opinions and matters as described below: • In our opinion, based on the work undertaken in the course of the audit, the information given in the Directors’ Report for the year ended 30 April 2020 is consistent with the financial statements and has been prepared in accordance with applicable legal requirements. • Based on our knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors’ Report. Responsibilities for the financial statements and the audit Responsibilities of the directors for the financial statements As explained more fully in the Statement of Directors' responsibilities set out on page 11, the directors are responsible for the preparation of the financial statements in accordance with the applicable framework and for being satisfied that they give a true and fair view. The directors are also responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company’s and sub-funds’ ability to continue as going concerns, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Auditors’ responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (Ireland) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the IAASA website at: https://www.iaasa.ie/getmedia/b2389013-1cf6-458b-9b8f-a98202dc9c3a/Description_of_auditors_responsibilities_for _audit.pdf. This description forms part of our auditors’ report. Use of this report This report, including the opinions, has been prepared for and only for the Company’s members as a body in accordance with section 391 of the Companies Act 2014 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. Other required reporting

Companies Act 2014 opinions on other matters • We have obtained all the information and explanations which we consider necessary for the purposes of our audit. • In our opinion the accounting records of the Company were sufficient to permit the financial statements to be readily and properly audited. • The financial statements are in agreement with the accounting records. Companies Act 2014 exception reporting Directors’ remuneration and transactions Under the Companies Act 2014 we are required to report to you if, in our opinion, the disclosures of directors’ remuneration and transactions specified by sections 305 to 312 of that Act have not been made. We have no exceptions to report arising from this responsibility.

Sean Herlihy for and on behalf of PricewaterhouseCoopers Chartered Accountants and Statutory Audit Firm Dublin 24 August 2020

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2020

LGT LGT LGT LGT Bond Sustainable Sustainable Crown Listed EMMA LC Equity Global Equity Europe Note Private Equity Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in EUR) (in EUR) (in EUR) INCOME Interest income 111,345 48,643 281,862 2,774 Interest from financial assets at fair value through profit or loss - 13,717,489 - - Dividend income 18,547,051 - 14,109,041 3,472,806 Other income - 396,835 267,542 60,966 Net gain/(loss) on financial assets and liabilities at fair value through profit or loss (49,919,913) (16,691,877) 7,764,619 (12,094,815) Net gain/(loss) on foreign currency 226,474 (242,739) (1,999,701) 21,233 Total investment gain/(loss) (31,035,043) (2,771,649) 20,423,363 (8,537,036)

EXPENSES Management fee 6 (1,116,215) (128,506) (598,444) (298,338) Administration fee 6 (62,644) (344,822) (862,017) (125,614) Depositary and trustee fee 6 (94,218) (334,610) (142,756) (48,180) Professional fee - (11,216) (10,018) (10,640) Audit fee 6 (10,915) (14,695) (12,332) (11,765) Director’s fee 6 (455) (454) (454) (454) Transaction costs (128,635) (475) (436) (330) Commission expense - - (17,700) - Other expenses (18,486) (43,134) (70,525) (52,579) Total operating expenses (1,431,568) (877,912) (1,714,682) (547,900)

Operating profit/(loss) (32,466,611) (3,649,561) 18,708,681 (9,084,936)

FINANCE COSTS Distributions to shareholders - (10,256,069) (29,843,274) - Interest expense (59,465) (67,134) (101,910) (25,604) Total finance costs (59,465) (10,323,203) (29,945,184) (25,604)

Profit/(loss) before tax (32,526,076) (13,972,764) (11,236,503) (9,110,540) Provision for capital gains tax - (299,644) - - Withholding tax (2,177,648) (726,875) (2,045,734) (363,502) Profit/(loss) after tax (34,703,724) (14,999,283) (13,282,237) (9,474,042)

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations (34,703,724) (14,999,283) (13,282,237) (9,474,042)

All amounts arose solely from continuing operations. There are no gains and losses other than those dealt with in the Statement of Comprehensive Income.

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT Sustainable LGT LGT Sustainable Quality Bond Sustainable Bond Global Equity EM Credit Bond Global Hedged Hedged Opportunities Note Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in USD) (in USD) (in USD) INCOME Interest income 22,102 18,243 61,458 17,975 Interest from financial assets at fair value through profit or loss 3,071,668 1,284,139 - 3,595,923 Dividend income - - 11,813,177 - Other income 151,057 60,772 161,240 61,171 Net gain/(loss) on financial assets and liabilities

at fair value through profit or loss 6,319,944 5,658,674 32,550,561 (8,732,749) Net gain/(loss) on foreign currency 343,055 (299,189) (8,931,805) 169,138 Total investment gain/(loss) 9,907,826 6,722,639 35,654,631 (4,888,542)

EXPENSES Management fee 6 (251,392) - (26,950) (25,911) Administration fee 6 (178,681) (111,686) (549,660) (82,479) Depositary and trustee fee 6 (68,643) (43,632) (127,833) (41,465) Professional fee (11,261) (11,259) (15,057) (11,899) Audit fee 6 (16,349) (15,099) (13,469) (17,977) Director’s fee 6 (454) (504) (504) (504) Transaction costs (944) (74) (3,004) (218) Commission expense (13,232) (4,533) - (955) Other expenses (58,618) (9,741) (158,167) (10,737) Total operating expenses (599,574) (196,528) (894,644) (192,145)

Operating profit/(loss) 9,308,252 6,526,111 34,759,987 (5,080,687)

FINANCE COSTS Distributions to shareholders (2,467,030) - (34,531,743) - Interest expense (48,718) (358) (3,874) (1,736) Total finance costs (2,515,748) (358) (34,535,617) (1,736)

Profit/(loss) before tax 6,792,504 6,525,753 224,370 (5,082,423) Provision for capital gains tax - - - - Withholding tax (1,043) - (1,989,637) - Profit/(loss) after tax 6,791,461 6,525,753 (1,765,267) (5,082,423)

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 6,791,461 6,525,753 (1,765,267) (5,082,423)

All amounts arose solely from continuing operations. There are no gains and losses other than those dealt with in the Statement of Comprehensive Income.

The accompanying notes form an integral part of these financial statements 20

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT Sustainable Sustainable Crown Liquid Bond Equity Market Private Equity Total Corporates Neutral Opportunities as at Note Sub-Fund Sub-Fund Sub-Fund 30 April 2020 2020 2020 2020 (in USD) (in USD) (in USD) (in EUR) INCOME Interest income 3,952 16,413 16,400 588,052 Interest from financial assets at fair value through profit or loss 644,630 - - 21,774,924 Dividend income - 1,764,732 1,045,660 49,325,961 Other income 44,564 54,658 - 1,221,502 Net gain/(loss) on financial assets and liabilities

at fair value through profit or loss 925,170 5,725,590 (21,504,760) (51,425,956) Net gain/(loss) on foreign currency 101,652 (1,299,679) (34,936) (10,942,254) Total investment gain/(loss) 1,719,968 6,261,714 (20,477,636) 10,542,229

EXPENSES Management fee 6 (2,999) (296,056) - (2,710,482) Administration fee 6 (34,509) (95,551) (49,169) (2,406,790) Depositary and trustee fee 6 (32,317) (108,785) (57,875) (1,060,133) Professional fee (11,969) (13,863) (11,089) (110,942) Audit fee 6 (17,000) (18,303) (12,591) (151,283) Director’s fee 6 (504) (504) (504) (5,000) Transaction costs (298) (445) - (134,465) Commission expense (284) (27,945) - (61,360) Other expenses (9,393) (3,882) (43,970) (456,221) Total operating expenses (109,273) (565,334) (175,198) (7,096,676)

Operating profit/(loss) 1,610,695 5,696,380 (20,652,834) 3,445,553

FINANCE COSTS Distributions to shareholders - - - (73,729,600) Interest expense (2,982) (7,323) (528) (317,993) Total finance costs (2,982) (7,323) (528) (74,047,593)

Profit/(loss) before tax 1,607,713 5,689,057 (20,653,362) (70,602,040) Provision for capital gains tax - - - (299,644) Withholding tax (627) (267,861) (187,905) (7,522,226) Profit/(loss) after tax 1,607,086 5,421,196 (20,841,267) (78,423,910)

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 1,607,086 5,421,196 (20,841,267) (78,423,910)

All amounts arose solely from continuing operations. There are no gains and losses other than those dealt with in the Statement of Comprehensive Income.

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT LGT Bond Sustainable Sustainable Crown Listed EMMA LC Equity Global Equity Europe Note Private Equity Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in EUR) (in EUR) (in EUR) INCOME Interest income 117,754 74,120 236,779 1,003 Interest from financial assets at fair value through profit or loss - 25,232,739 - - Dividend income 16,820,789 − 14,516,803 3,653,992 Other income - 497,310 593,958 108,690 Net gain/(loss) on financial assets and liabilities at fair value through profit or loss 35,359,318 (27,351,379) 81,564,841 3,289,838 Net gain/(loss) on foreign currency 504,889 205,883 159,918 2,895 Total investment gain/(loss) 52,802,750 (1,341,327) 97,072,299 7,056,418

EXPENSES Management fee 6 (900,945) (127,276) (253,239) (281,024) Administration fee 6 (66,778) (609,815) (723,519) (130,360) Depositary and trustee fee 6 (88,500) (445,426) (148,483) (60,831) Professional fee - (10,000) (10,000) (10,000) Audit fee 6 (10,395) (13,995) (11,745) (11,205) Director’s fee 6 (455) (455) (455) (455) Transaction costs (105,373) (5,749) (12,790) (11,021) Commission expense - - (78,018) - Other expenses (46,663) (50,375) (66,454) (62,924) Total operating expenses (1,219,109) (1,263,091) (1,304,703) (567,820)

Operating profit/(loss) 51,583,641 (2,604,418) 95,767,596 6,488,598

FINANCE COSTS Distributions to shareholders - (17,990,397) (23,461,629) - Interest expense (49,437) (98,077) (44,245) (20,192) Total finance costs (49,437) (18,088,474) (23,505,874) (20,192)

Profit/(loss) before tax 51,534,204 (20,692,892) 72,261,722 6,468,406 Provision for capital gains tax - (264,177) - - Withholding tax (699,876) (1,068,905) (2,319,353) (298,127) Profit/(loss) after tax 50,834,328 (22,025,974) 69,942,369 6,170,279

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 50,834,328 (22,025,974) 69,942,369 6,170,279

All amounts arose solely from continuing operations. There are no gains and losses other than those dealt with in the Statement of Comprehensive Income.

The accompanying notes form an integral part of these financial statements 22

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT Sustainable LGT LGT Sustainable Quality Bond Sustainable Bond Global Equity EM Credit Bond Global Hedged Hedged Opportunities Note Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in USD) (in USD) (in USD) INCOME Interest income 17,970 18,149 56,610 12,891 Interest from financial assets at fair value through profit or loss 3,057,348 1,196,112 - 2,802,632 Dividend income - - 13,289,747 - Other income 107,453 96,880 160,995 17,035 Net gain/(loss) on financial assets and liabilities

at fair value through profit or loss 8,920,218 2,717,013 81,652,256 (845,142) Net gain/(loss) on foreign currency 125,311 183,775 2,415,831 (32,004) Total investment gain/(loss) 12,228,300 4,211,929 97,575,439 1,955,412

EXPENSES Management fee 6 (124,059) - - (12,554) Administration fee 6 (162,478) (123,214) (484,684) (46,313) Depositary and trustee fee 6 (69,034) (58,976) (136,974) (38,259) Professional fee (10,000) (11,144) (11,144) (11,494) Audit fee 6 (15,570) (14,380) (12,828) (17,121) Director’s fee 6 (455) (522) (522) (522) Transaction costs (4,692) (4,823) (10,427) (5,451) Commission expense (6,123) (5,757) - (461) Other expenses (49,605) (13,696) (155,377) (30,603) Total operating expenses (442,016) (232,512) (811,956) (162,778)

Operating profit/(loss) 11,786,284 3,979,417 96,763,483 1,792,634

FINANCE COSTS Distributions to shareholders (2,855,347) - (14,961,539) - Interest expense (23,956) (245) (5,180) (3,218) Total finance costs (2,879,303) (245) (14,966,719) (3,218)

Profit/(loss) before tax 8,906,981 3,979,172 81,796,764 1,789,416 Provision for capital gains tax - - - - Withholding tax - - (2,328,840) - Profit/(loss) after tax 8,906,981 3,979,172 79,467,924 1,789,416

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 8,906,981 3,979,172 79,467,924 1,789,416

All amounts arose solely from continuing operations. There are no gains and losses other than those dealt with in the Statement of Comprehensive Income.

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT Sustainable Sustainable Crown Liquid Bond Equity Market Private Equity Total Corporates Neutral Opportunities as at Note Sub-Fund Sub-Fund Sub-Fund1) 30 April 2019 2019 2019 2019 (in USD) (in USD) (in USD) (in EUR) INCOME Interest income 4,101 8,024 3,189 537,241 Interest from financial assets at fair value through profit or loss 762,406 - - 32,432,192 Dividend income - 878,348 665,277 47,904,280 Other income 16,876 57,885 5,915 1,616,834 Net gain/(loss) on financial assets and liabilities

at fair value through profit or loss (663,947) 478,198 8,055,905 181,390,407 Net gain/(loss) on foreign currency 80,843 (127,293) (95,797) 3,107,760 Total investment gain/(loss) 200,279 1,295,162 8,634,489 266,988,714

EXPENSES Management fee 6 (4,630) (82,879) - (1,773,596) Administration fee 6 (6,025) (38,601) (9,918) (2,309,671) Depositary and trustee fee 6 (31,217) (47,617) (11,718) (1,094,950) Professional fee (11,494) (11,484) (5,623) (94,339) Audit fee 6 (16,190) (17,431) (11,991) (141,300) Director’s fee 6 (522) (522) (515) (5,000) Transaction costs (5,816) (9,235) - (170,729) Commission expense (255) (11,763) - (100,006) Other expenses (31,631) (44,675) (27,204) (540,112) Total operating expenses (107,780) (264,207) (66,969) (6,229,703)

Operating profit/(loss) 92,499 1,030,955 8,567,520 260,759,011

FINANCE COSTS Distributions to shareholders - - - (57,323,613) Interest expense (1,588) (1,146) (1,277) (246,931) Total finance costs (1,588) (1,146) (1,277) (57,570,544)

Profit/(loss) before tax 90,911 1,029,809 8,566,243 203,188,467 Provision for capital gains tax - - - (264,177) Withholding tax (4,500) (133,931) (126,305) (6,644,131) Profit/(loss) after tax 86,411 895,878 8,439,938 196,280,159

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 86,411 895,878 8,439,938 196,280,159

All amounts arose solely from continuing operations. There are no gains and losses other than those dealt with in the Statement of Comprehensive Income.

NOTE: 1) Launched 1 November 2018.

The accompanying notes form an integral part of these financial statement

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BALANCE SHEET AS AT 30 APRIL 2020

LGT LGT LGT LGT Crown Bond Sustainable Sustainable Listed Private EMMA LC Equity Global Equity Europe Note Equity Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in EUR) (in EUR) (in EUR) ASSETS Current assets Cash and cash equivalents 9 25,807,474 4,163,775 29,776,821 2,733,222 Financial assets at fair value through profit or loss 7 391,851,477 162,281,614 768,339,060 113,042,042 Interest receivable from financial assets at fair value through profit or loss - 3,060,497 - - Interest receivable - - - - Dividend receivable 364,045 - 1,871,928 358,528 Receivable for investments sold 132,804 - - - Subscriptions receivable - 26,542 - - Other receivables - 235,082 72,684 46,950 Total assets 418,155,800 169,767,510 800,060,493 116,180,742

LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss 7 - (1,336,282) (983,250) (282,812) Interest payable (364) (24) (146) (53) Management fee payable (71,550) (68,801) (413,704) (146,576) Administration fee payable (41,765) (211,632) (475,123) (79,968) Depositary and trustee fee payable (51,185) (147,812) (79,568) (28,777) Audit fee payable (10,915) (14,695) (12,332) (11,765) Payable for investments purchased (2,068,163) - - - Redemptions payable - - (92,706) - Other payables (126,212) (110,892) (190,053) (141,646) Total liabilities (excluding net assets attributable to holders of redeemable participating shares) (2,370,154) (1,890,138) (2,246,882) (691,597) Net assets attributable to holders of redeemable participating shares 415,785,646 167,877,372 797,813,611 115,489,145

The accompanying notes form an integral part of these financial statements 25

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BALANCE SHEET AS AT 30 APRIL 2020 (continued)

LGT LGT Sustainable LGT LGT Sustainable Quality Bond Sustainable Bond Global Equity EM Credit Bond Global Hedged Hedged Opportunities Note Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in USD) (in USD) (in USD) ASSETS Current assets Cash and cash equivalents 9 10,376,187 5,582,454 14,486,915 1,745,763 Financial assets at fair value through profit or loss 7 227,478,681 102,451,892 791,290,252 55,215,763 Interest receivable from financial assets at fair value through profit or loss 1,183,438 450,283 - 1,032,674 Interest receivable - - - - Dividend receivable - - 1,570,239 - Receivable for investments sold - - - - Subscriptions receivable - - - - Other receivables 130,871 41,399 85,294 63,597 Total assets 239,169,177 108,526,028 807,432,700 58,057,797

LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss 7 (1,992,326) (881,255) (2,068,748) (34,917) Interest payable (20) - (4) - Management fee payable 6 (216,856) - (26,950) (6,189) Administration fee payable 6 (129,956) (97,352) (451,569) (40,085) Depositary and trustee fee payable 6 (38,142) (19,196) (71,523) (21,785) Audit fee payable 6 (16,349) (15,099) (13,469) (17,977) Payable for investments purchased (1,877,378) - - (439,367) Redemptions payable (267,478) (157,409) (18,870) - Other payables (94,363) (107,920) (120,434) (93,665) Total liabilities (excluding net assets attributable to holders of redeemable participating shares) (4,632,868) (1,278,231) (2,771,567) (653,985) Net assets attributable to holders of redeemable participating shares 234,536,309 107,247,797 804,661,133 57,403,812

The accompanying notes form an integral part of these financial statements 26

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BALANCE SHEET AS AT 30 APRIL 2020 (continued)

LGT LGT LGT Sustainable Sustainable Crown Liquid Bond Equity Market Private Equity Total Corporates Neutral Opportunities as at Note Sub-Fund Sub-Fund Sub-Fund 30 April 2020 2020 2020 2020 (in USD) (in USD) (in USD) (in EUR) ASSETS Current assets Cash and cash equivalents 9 3,084,087 20,883,448 3,920,492 118,236,059 Financial assets at fair value through profit or loss 7 70,892,527 103,188,414 156,352,563 2,831,066,836 Interest receivable from financial assets at fair value through profit or loss 616,672 - - 6,160,879 Interest receivable - - - - Dividend receivable - 281,327 135,701 4,408,860 Receivable for investments sold - 4,686,555 - 4,411,591 Subscriptions receivable - - - 26,542 Other receivables 49,650 45,970 - 746,621 Total assets 74,642,936 129,085,714 160,408,756 2,965,057,388

LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss 7 (398,110) (12,311,553) (371,614) (19,262,977) Interest payable - (2) (17) (628) Management fee payable 6 (3,907) (213,444) - (1,146,182) Administration fee payable 6 (18,425) (45,578) (29,916) (1,561,949) Depositary and trustee fee payable 6 (17,519) (71,021) (31,303) (557,615) Audit fee payable 6 (17,000) (18,303) (12,591) (152,278) Payable for investments purchased (1,608,163) - (22,126,021) (26,015,797) Redemptions payable - - - (521,125) Other payables (90,727) (106,214) (70,268) (1,201,127) Total liabilities (excluding net assets attributable to holders of redeemable participating shares) (2,153,851) (12,766,115) (22,641,730) (50,419,678) Net assets attributable to holders of redeemable participating shares 72,489,085 116,319,599 137,767,026 2,914,637,710

Director Director 24 August 2020

The accompanying notes form an integral part of these financial statements 27

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BALANCE SHEET AS AT 30 APRIL 2020 (continued)

LGT LGT LGT LGT Crown Bond Sustainable Sustainable Listed Private EMMA LC Equity Global Equity Europe Note Equity Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in EUR) (in EUR) (in EUR) ASSETS Current assets Cash and cash equivalents 9 15,864,786 5,409,423 23,034,550 6,578,034 Margin cash 10 - 327,085 713,907 - Financial assets at fair value through profit or loss 7 408,200,209 259,928,124 647,885,845 133,967,099 Interest receivable from financial assets at fair value

through profit or loss - 4,561,914 - - Interest receivable 393 70 126 Dividend receivable 372,308 - 3,830,873 722,035 Receivable for investments sold - - 18,418,457 - Subscriptions receivable 1,073,232 71,385 1,765,361 - Other receivables - 274,298 75,388 19,994 Total assets 425,510,928 270,572,299 695,724,507 141,287,162

LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss 7 - (4,838,929) (2,350,902) (403,446) Interest payable (137) - (267) (81) Management fee payable (91,088) (102,924) (207,103) (240,577) Administration fee payable (49,783) (493,761) (602,641) (104,501) Depositary and trustee fee payable (58,628) (239,821) (84,979) (36,516) Audit fee payable (10,395) (13,995) (11,745) (11,205) Payable for investments purchased (1,430,704) - (17,048,611) - Redemptions payable - - - (28,110) Other payables (118,879) (92,907) (102,269) (98,450) Total liabilities (excluding net assets attributable

to holders of redeemable participating shares) (1,759,614) (5,782,337) (20,408,517) (922,886) Net assets attributable to holders of redeemable

participating shares 423,751,314 264,789,962 675,315,990 140,364,276

The accompanying notes form an integral part of these financial statements 28

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BALANCE SHEET AS AT 30 APRIL 2020 (continued)

through profit or loss 900,769 380,855 - 829,535 Interest receivable 193 151 185 3 Dividend receivable - - 1,417,987 - Receivable for investments sold 171,600 129,438 3,884,360 1,178,261 Subscriptions receivable 128,446 - 424,998 200,093 Other receivables 27,947 32,523 37,206 15,607 Total assets 154,898,248 76,999,465 584,396,094 63,687,406

LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss 7 (337,418) (134,107) (129,590) (158,301) Interest payable (37) - - - Management fee payable 6 (107,603) - - (11,604) Administration fee payable 6 (123,718) (95,603) (382,235) (27,188) Depositary and trustee fee payable 6 (38,783) (29,963) (82,308) (27,158) Audit fee payable 6 (15,570) (14,380) (12,828) (17,121) Payable for investments purchased (1,740,584) (23,140) (4,625,843) - Redemptions payable - - - - Other payables (86,429) (76,681) (196,487) (61,316) Total liabilities (excluding net assets attributable

to holders of redeemable participating shares) (2,450,142) (373,874) (5,429,291) (302,688) Net assets attributable to holders of redeemable

participating shares 152,448,106 76,625,591 578,966,803 63,384,718

The accompanying notes form an integral part of these financial statements 29

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

BALANCE SHEET AS AT 30 APRIL 2020 (continued)

LGT LGT LGT Sustainable Sustainable Crown Liquid Bond Equity Market Private Equity Total Corporates Neutral Opportunities as at Note Sub-Fund Sub-Fund Sub-Fund1) 30 April 2019 2019 2019 2019 (in USD) (in USD) (in USD) (in EUR) ASSETS Current assets Cash and cash equivalents 9 1,647,209 1,216,772 329,182 71,493,216 Margin cash 10 257,355 2,754,011 - 6,096,930 Financial assets at fair value through profit or loss 7 20,035,711 47,440,311 73,954,043 2,349,101,225 Interest receivable from financial assets at fair value

through profit or loss 158,937 - - 6,684,533 Interest receivable 69 67 12 1,217 Dividend receivable - 200,973 266,286 6,607,420 Receivable for investments sold 250,769 2,598,352 422,763 26,142,428 Subscriptions receivable - - - 3,596,192 Other receivables 20,353 59,699 5,915 550,481 Total assets 22,370,403 54,270,185 74,978,201 2,470,273,642

LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss 7 (148,921) (2,076,372) - (10,292,871) Interest payable - - - (522) Management fee payable 6 (6,473) (72,307) - (829,945) Administration fee payable 6 (3,078) (36,089) (9,918) (1,868,837) Depositary and trustee fee payable 6 (24,002) (27,582) (11,718) (639,624) Audit fee payable 6 (16,190) (17,431) (11,991) (143,164) Payable for investments purchased (459,814) (888,467) (99,049) (25,659,636) Redemptions payable (3,405) - - (31,148) Other payables (62,792) (71,960) (31,341) (945,599) Total liabilities (excluding net assets attributable

to holders of redeemable participating shares) (724,675) (3,190,208) (164,017) (40,411,346) Net assets attributable to holders of redeemable

participating shares 21,645,728 51,079,977 74,814,184 2,429,862,296

NOTE: 1) Launched 1 November 2018.

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES FOR THE YEAR ENDED 30 APRIL 2020

LGT LGT LGT Crown LGT Sustainable Sustainable Listed Bond Equity Equity Private EMMA LC Global Europe Equity Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in EUR) (in EUR) (in EUR) Net assets attributable to holders of redeemable

participating shares at 1 May 2019 423,751,314 264,789,962 675,315,990 140,364,276

Share capital transactions Proceeds from redeemable participating shares issued 97,010,704 51,495,226 275,315,729 39,610,272 Redemptions from redeemable participating shares

sold (70,272,648) (133,408,533) (139,535,871) (55,011,361)

Net increase/(decrease) from share transactions 26,738,056 (81,913,307) 135,779,858 (15,401,089)

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations (34,703,724) (14,999,283) (13,282,237) (9,474,042)

Currency translation - - - - Net assets attributable to holders of redeemable

participating shares at 30 April 2020 415,785,646 167,877,372 797,813,611 115,489,145

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT Sustainable LGT Sustainable Sustainable Quality Bond Bond Bond Global Equity EM Credit Global Hedged Hedged Opportunities Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in USD) (in USD) (in USD) Net assets attributable to holders of redeemable

participating shares at 1 May 2019 152,448,106 76,625,591 578,966,803 63,384,718

Share capital transactions Proceeds from redeemable participating shares issued 124,391,095 52,506,679 358,564,383 26,627,059 Redemptions from redeemable participating shares

sold (49,094,353) (28,410,226) (131,104,786) (27,525,542)

Net increase/(decrease) from share transactions 75,296,742 24,096,453 227,459,597 (898,483)

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 6,791,461 6,525,753 (1,765,267) (5,082,423)

Currency translation - - - - Net assets attributable to holders of redeemable

participating shares at 30 April 2020 234,536,309 107,247,797 804,661,133 57,403,812

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES FOR THE YEAR ENDED 30 APRIL 2020 (continued)

participating shares at 1 May 2019 21,645,728 51,079,977 74,814,184 2,429,862,296

Share capital transactions Proceeds from redeemable participating shares issued 54,865,938 78,749,830 86,329,508 1,181,314,372 Redemptions from redeemable participating shares

sold (5,629,667) (18,931,404) (2,535,399) (640,571,069)

Net increase/(decrease) from share transactions 49,236,271 59,818,426 83,794,109 540,743,303

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 1,607,086 5,421,196 (20,841,267) (78,423,910)

Currency translation - - - 22,456,021 Net assets attributable to holders of redeemable

participating shares at 30 April 2020 72,489,085 116,319,599 137,767,026 2,914,637,710

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT Crown LGT Sustainable Sustainable Listed Bond Equity Equity Private EMMA LC Global Europe Equity Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in EUR) (in EUR) (in EUR) Net assets attributable to holders of redeemable

participating shares at 1 May 2018 272,746,401 433,253,326 524,266,982 140,092,862

Share capital transactions Proceeds from redeemable participating shares issued 116,917,098 129,567,920 191,647,993 26,762,449

Redemptions from redeemable participating shares sold (16,746,513) (276,005,310) (110,541,354) (32,661,314)

Net increase/(decrease) from share transactions 100,170,585 (146,437,390) 81,106,639 (5,898,865)

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 50,834,328 (22,025,974) 69,942,369 6,170,279

Currency translation - - - -

Net assets attributable to holders of redeemable participating shares at 30 April 2019 423,751,314 264,789,962 675,315,990 140,364,276

The accompanying notes form an integral part of these financial statements 34

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT Sustainable LGT Sustainable Sustainable Quality Bond Bond Bond Global Equity EM Credit Global Hedged Hedged Opportunities Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in USD) (in USD) (in USD) Net assets attributable to holders of redeemable

participating shares at 1 May 2018 115,352,775 80,155,227 466,658,332 48,918,000

Share capital transactions Proceeds from redeemable participating shares issued 36,110,357 11,276,487 141,036,979 30,378,659

Redemptions from redeemable participating shares sold (7,922,007) (18,785,295) (108,196,432) (17,701,357)

Net increase/(decrease) from share transactions 28,188,350 (7,508,808) 32,840,547 12,677,302

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 8,906,981 3,979,172 79,467,924 1,789,416

Currency translation - - - - Net assets attributable to holders of redeemable

participating shares at 30 April 2019 152,448,106 76,625,591 578,966,803 63,384,718

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF REDEEMABLE PARTICIPATING SHARES FOR THE YEAR ENDED 30 APRIL 2020 (continued)

participating shares at 1 May 2018 26,365,557 32,347,821 - 2,027,381,719

Share capital transactions Proceeds from redeemable participating shares issued 9,214,887 20,524,750 66,374,246 744,355,504

Redemptions from redeemable participating shares sold (14,021,127) (2,688,472) - (584,284,904)

Net increase/(decrease) from share transactions (4,806,240) 17,836,278 66,374,246 160,070,600

Increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 86,411 895,878 8,439,938 196,280,159

Currency translation - - - 46,129,818 Net assets attributable to holders of redeemable

participating shares at 30 April 2019 21,645,728 51,079,977 74,814,184 2,429,862,296

NOTE: 1) Launched 1 November 2018.

The accompanying notes form an integral part of these financial statements

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2020

LGT LGT LGT Crown LGT Sustainable Sustainable Listed Bond EMMA Equity Equity Private LC Global Europe Equity Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in EUR) (in EUR) (in EUR) Cash flows from operating activities Net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations (34,703,724) (14,999,283) (13,282,237) (9,474,042) Adjustments to reconcile net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations to net cash provided by/(used in) operating activities (Increase)/decrease in margin cash - 327,085 713,907 - (Increase)/decrease in financial assets at fair value through profit or loss 16,348,732 97,646,510 (120,453,215) 20,925,057 (Increase)/decrease in interest receivable 393 70 126 - (Increase)/decrease in interest receivable from financial assets at fair value through profit or loss - 1,501,417 - - (Increase)/decrease in dividend receivable 8,263 - 1,958,945 363,507 (Increase)/decrease in receivable from investments sold (132,804) - 18,418,457 - (Increase)/decrease in other receivables - 39,216 2,704 (26,956) Increase/(decrease) in financial liabilities at fair value through profit or loss - (3,502,647) (1,367,652) (120,634) Increase/(decrease) in interest payable 227 24 (121) (28) Increase/(decrease) in other expenses payable (27,146) (389,576) 162,043 (82,517) Increase/(decrease) in payable for investments purchased 637,459 - (17,048,611) - Net cash provided by/(used in) operating activities (17,868,600) 80,622,816 (130,895,654) 11,584,387 Cash flows from financing activities: Proceeds from issue of participating shares 98,083,936 51,540,069 277,081,090 39,610,272 Payment on redemptions of participating shares (70,272,648) (133,408,533) (139,443,165) (55,039,471) Currency translation - - - - Net cash flow provided by/(used in) financing activities 27,811,288 (81,868,464) 137,637,925 (15,429,199)

Net increase/(decrease) in cash and cash equivalents 9,942,688 (1,245,648) 6,742,271 (3,844,812) Cash and cash equivalents at beginning of the year 15,864,786 5,409,423 23,034,550 6,578,034 Cash and cash equivalents, end of the year 25,807,474 4,163,775 29,776,821 2,733,222

Supplementary cash flow information Dividends received 16,377,666 - 14,022,252 3,472,811 Interest received 111,345 14,241,100 281,988 2,774 Interest paid (59,238) (67,110) (102,031) (25,632)

The accompanying notes form an integral part of these financial statements 37

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT LGT Sustainable Sustainable Bond Sustainable Bond Global Quality Equity EM Credit Bond Global Hedged Hedged Opportunities Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2020 2020 2020 2020 (in EUR) (in USD) (in USD) (in USD) Cash flows from operating activities Net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 6,791,461 6,525,753 (1,765,267) (5,082,423) Adjustments to reconcile net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations to net cash provided by/(used in) operating activities (Increase)/decrease in margin cash 1,868,635 439,869 - 120,776 (Increase)/decrease in financial assets at fair value through profit or loss (86,244,517) (29,225,618) (217,560,041) 5,760,285 (Increase)/decrease in interest receivable 193 151 185 3 (Increase)/decrease in interest receivable from financial assets at fair value through profit or loss (282,669) (69,428) - (203,139) (Increase)/decrease in dividend receivable - - (152,252) - (Increase)/decrease in receivable from investments sold 171,600 129,438 3,884,360 1,178,261 (Increase)/decrease in other receivables (102,924) (8,876) (48,088) (47,990) Increase/(decrease) in financial liabilities at fair value through profit or loss 1,654,908 747,148 1,939,158 (123,384) Increase/(decrease) in interest payable (17) - 4 - Increase/(decrease) in other expenses payable 123,563 22,940 10,087 35,314 Increase/(decrease) in payable for investments purchased 136,794 (23,140) (4,625,843) 439,367 Net cash provided by/(used in) operating activities (75,882,973) (21,461,763) (218,317,697) 2,077,070 Cash flows from financing activities: Proceeds from issue of participating shares 124,519,541 52,506,679 358,989,381 26,827,152 Payment on redemptions of participating shares (48,826,875) (28,252,817) (131,085,916) (27,525,542) Currency translation - - - - Net cash flow provided by/(used in) financing activities 75,692,666 24,253,862 227,903,465 (698,390)

Net increase/(decrease) in cash and cash equivalents (190,307) 2,792,099 9,585,768 1,378,680 Cash and cash equivalents at beginning of the year 10,566,494 2,790,355 4,901,147 367,083 Cash and cash equivalents, end of the year 10,376,187 5,582,454 14,486,915 1,745,763

Supplementary cash flow information Dividends received - - 9,671,288 - Interest received 2,811,294 1,233,105 61,643 3,410,762 Interest paid (48,735) (358) (3,870) (1,736)

The accompanying notes form an integral part of these financial statements 38

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT Sustainable LGT Sustainable Equity Crown Liquid Bond Market Private Equity Total Corporates Neutral Opportunities as at Sub-Fund Sub-Fund Sub-Fund 30 April 2020 2020 2020 2020 (in USD) (in USD) (in USD) (in EUR) Cash flows from operating activities Net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 1,607,086 5,421,196 (20,841,267) (78,423,910) Adjustments to reconcile net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations to net cash provided by/(used in) operating activities (Increase)/decrease in margin cash 257,355 2,754,011 - 6,170,844 (Increase)/decrease in financial assets at fair value through profit or loss (50,856,816) (55,748,103) (82,398,520) (464,390,245) (Increase)/decrease in interest receivable 69 67 12 1,227 (Increase)/decrease in interest receivable from financial assets at fair value through profit or loss (457,735) - - 551,988 (Increase)/decrease in dividend receivable - (80,354) 130,585 2,237,571 (Increase)/decrease in receivable from investments sold 250,769 (2,088,203) 422,763 21,905,978 (Increase)/decrease in other receivables (29,297) 13,729 5,915 (192,595) Increase/(decrease) in financial liabilities at fair value through profit or loss 249,189 10,235,181 371,614 8,915,327 Increase/(decrease) in interest payable - 2 17 106 Increase/(decrease) in other expenses payable 35,043 229,191 79,110 162,232 Increase/(decrease) in payable for investments purchased 1,148,349 (888,467) 22,026,972 230,013 Net cash provided by/(used in) operating activities (47,795,988) (40,151,750) (80,202,799) (502,831,464) Cash flows from financing activities: Proceeds from issue of participating shares 54,865,938 78,749,830 86,329,508 1,184,890,369 Payment on redemptions of participating shares (5,633,072) (18,931,404) (2,535,399) (640,082,985) Currency translation - - - 4,766,923 Net cash flow provided by/(used in) financing activities 49,232,866 59,818,426 83,794,109 549,574,307

Net increase/(decrease) in cash and cash equivalents 1,436,878 19,666,676 3,591,310 46,742,843 Cash and cash equivalents at beginning of the year 1,647,209 1,216,772 329,182 71,493,216 Cash and cash equivalents, end of the year 3,084,087 20,883,448 3,920,492 118,236,059

Supplementary cash flow information Dividends received - 1,416,517 988,340 44,770,866 Interest received 190,289 16,480 16,412 21,896,406 Interest paid (2,982) (7,321) (511) (317,887)

The accompanying notes form an integral part of these financial statements 39

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT Crown LGT Sustainable Sustainable Listed Bond EMMA Equity Equity Private LC Global Europe Equity Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in EUR) (in EUR) (in EUR) Cash flows from operating activities Net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 50,834,328 (22,025,974) 69,942,369 6,170,279 Adjustments to reconcile net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations to net cash provided by/(used in) operating activities (Increase)/decrease in margin cash - (327,085) (713,907) - (Increase)/decrease in financial assets at fair value through profit or loss (148,009,738) 132,513,647 (151,887,045) 2,252,862 (Increase)/decrease in interest receivable (223) 10,198 74 - (Increase)/decrease in interest receivable from financial assets at fair value through profit or loss - 2,585,111 - - (Increase)/decrease in dividend receivable (82,632) - (2,367,425) 34,664 (Increase)/decrease in receivable from investments sold - - (17,073,415) - (Increase)/decrease in other receivables - (77,476) 122,606 73,065 Increase/(decrease) in financial liabilities at fair value through profit or loss - 2,530,048 409,378 152,483 Increase/(decrease) in interest payable 33 (474) (11) 21 Increase/(decrease) in other expenses payable 60,239 126,431 (577,643) (18,740) Increase/(decrease) in payable for investments purchased 1,108,730 - 14,519,729 - Net cash provided by/(used in) operating activities (96,089,263) 115,334,426 (87,625,290) 8,664,634 Cash flows from financing activities: Proceeds from issue of participating shares 115,843,866 129,496,535 189,911,989 26,762,449 Payment on redemptions of participating shares (16,746,513) (276,005,310) (110,541,354) (32,662,757) Currency translation - - - - Net cash flow provided by/(used in) financing activities 99,097,353 (146,508,775) 79,370,635 (5,900,308)

Net increase/(decrease) in cash and cash equivalents 3,008,090 (31,174,349) (8,254,655) 2,764,326 Cash and cash equivalents at beginning of the year 12,856,696 36,583,772 31,289,205 3,813,708 Cash and cash equivalents, end of the year 15,864,786 5,409,423 23,034,550 6,578,034

Supplementary cash flow information Dividends received 16,038,281 - 9,830,025 3,390,529 Interest received 117,531 26,569,086 236,853 1,003 Interest paid (49,404) (98,551) (44,256) (20,171)

The accompanying notes form an integral part of these financial statements 40

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT LGT LGT Sustainable Sustainable Bond Sustainable Bond Global Quality Equity EM Credit Bond Global Hedged Hedged Opportunities Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2019 2019 2019 2019 (in EUR) (in USD) (in USD) (in USD) Cash flows from operating activities Net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 8,906,981 3,979,172 79,467,924 1,789,416 Adjustments to reconcile net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations to net cash provided by/(used in) operating activities (Increase)/decrease in margin cash (759,784) 187,898 - (59,991) (Increase)/decrease in financial assets at fair value through profit or loss (29,243,759) 5,716,245 (108,945,716) (12,456,376) (Increase)/decrease in interest receivable (193) (130) (78) 7 (Increase)/decrease in interest receivable from financial assets at fair value through profit or loss 132,261 160 - (279,623) (Increase)/decrease in dividend receivable - - (498,914) - (Increase)/decrease in receivable from investments sold (171,600) (129,438) (3,884,360) (621,399) (Increase)/decrease in other receivables 84,320 82,040 151,775 (11,607) Increase/(decrease) in financial liabilities at fair value through profit or loss 248,634 (40,573) 55,221 (86,194) Increase/(decrease) in interest payable (257) - - (2) Increase/(decrease) in other expenses payable (67,168) (151,698) (209,746) 44,396 Increase/(decrease) in payable for investments purchased 1,740,584 23,140 4,625,843 (895,096) Net cash provided by/(used in) operating activities (19,129,981) 9,666,816 (29,238,051) (12,576,469) Cash flows from financing activities: Proceeds from issue of participating shares 36,913,861 11,276,487 140,611,981 30,178,566 Payment on redemptions of participating shares (7,922,007) (18,866,616) (110,230,960) (17,701,357) Currency translation - - - - Net cash flow provided by/(used in) financing activities 28,991,854 (7,590,129) 30,381,021 12,477,209

Net increase/(decrease) in cash and cash equivalents 9,861,873 2,076,687 1,142,970 (99,260) Cash and cash equivalents at beginning of the year 704,621 713,668 3,758,177 466,343 Cash and cash equivalents, end of the year 10,566,494 2,790,355 4,901,147 367,083

Supplementary cash flow information Dividends received - - 10,461,993 - Interest received 3,207,386 1,214,291 56,532 2,535,907 Interest paid (24,213) (245) (5,180) (3,220)

The accompanying notes form an integral part of these financial statements 41

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2020 (continued)

LGT LGT Sustainable LGT Sustainable Equity Crown Liquid Bond Market Private Equity Total Corporates Neutral Opportunities as at Sub-Fund Sub-Fund Sub-Fund1) 30 April 2019 2019 2019 2019 (in USD) (in USD) (in USD) (in EUR) Cash flows from operating activities Net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations 86,411 895,878 8,439,938 196,280,159 Adjustments to reconcile net increase/(decrease) in net assets attributable to holders of redeemable participating shares from operations to net cash provided by/(used in) operating activities (Increase)/decrease in margin cash (257,355) (1,580,327) - (3,326,407) (Increase)/decrease in financial assets at fair value through profit or loss 6,017,685 (16,402,437) (73,954,043) (372,855,912) (Increase)/decrease in interest receivable (69) (58) (12) 9,553 (Increase)/decrease in interest receivable from financial assets at fair value through profit or loss 108,320 - - 2,564,661 (Increase)/decrease in dividend receivable - (107,591) (266,286) (3,194,184) (Increase)/decrease in receivable from investments sold (250,769) (2,115,543) (422,763) (23,869,689) (Increase)/decrease in other receivables (12,793) (28,543) (5,915) 358,629 Increase/(decrease) in financial liabilities at fair value through profit or loss (28,796) 1,472,131 - 4,564,590 Increase/(decrease) in interest payable - - - (690) Increase/(decrease) in other expenses payable 21,646 123,563 64,968 (572,242) Increase/(decrease) in payable for investments purchased 459,814 278,281 99,049 21,465,617 Net cash provided by/(used in) operating activities 6,144,094 (17,464,646) (66,045,064) (178,575,915) Cash flows from financing activities: Proceeds from issue of participating shares 9,214,887 20,572,274 66,374,246 741,775,915 Payment on redemptions of participating shares (14,017,722) (2,688,472) - (586,124,131) Currency translation - - - 4,168,721 Net cash flow provided by/(used in) financing activities (4,802,835) 17,883,802 66,374,246 159,820,505

Net increase/(decrease) in cash and cash equivalents 1,341,259 419,156 329,182 (18,755,410) Cash and cash equivalents at beginning of the year 305,950 797,616 – 90,248,626 Cash and cash equivalents, end of the year 1,647,209 1,216,772 329,182 71,493,216

Supplementary cash flow information Dividends received - 636,826 272,686 39,155,079 Interest received 870,258 7,966 3,177 34,210,307 Interest paid (1,588) (1,146) (1,277) (247,621)

NOTE: 1) Launched 1 November 2018.

The accompanying notes form an integral part of these financial statements 42

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

NOTES TO THE FINANCIAL STATEMENTS

1. GENERAL

Crown Sigma UCITS plc (the “Company”) is an open-ended investment company with variable capital and is structured as an umbrella investment company with segregated liability between sub-funds, which is authorized by the Central Bank of Ireland pursuant to the provisions of the Companies Act 2014 and the European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations 2011 (as amended) (the “UCITS Regulations”). The Company was incorporated on 27 March 2012.

As at 30 April 2020 the Company comprised of eleven sub-funds; LGT Crown Listed Private Equity, LGT Bond EMMA LC Sub-Fund, LGT Sustainable Equity Global Sub-Fund, LGT Sustainable Equity Europe Sub-Fund, LGT Sustainable Bond Global Sub-Fund, LGT Sustainable Bond Global Hedged Sub-Fund, LGT Sustainable Quality Equity Hedged Sub-Fund, LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub-Fund, LGT Sustainable Equity Market Neutral Sub-Fund and LGT Crown Liquid Private Equity Opportunities Sub-Fund.

The Company’s investment objective is to achieve long-term capital growth with principles designed to minimize the risk of capital loss. However, there can be no assurance that the investment objective will be met. Details of the investment objective and policies for each Sub-Fund of the Company appear in the Supplement for the relevant Sub-Fund and in the Background to the Company section of these financial statements.

Copies of the Company’s Prospectus, simplified prospectus, annual and semi-annual financial reports are available at the registered office of the Company and may be received free of charge. A Statement of Portfolio Changes is available at the registered office of the Company and is sent to shareholders at their registered addresses. The base currency of account of each sub-fund is specified in the relevant Supplement to the Prospectus of the Company. The functional currency of LGT Crown Listed Private Equity, LGT Bond EMMA LC Sub-Fund, LGT Sustainable Equity Global Sub-Fund, LGT Sustainable Equity Europe Sub-Fund and LGT Sustainable Bond Global Sub-Fund is the Euro (“EUR”) (collectively “the Euro denominated sub-funds”). The functional currency of LGT Sustainable Bond Global Hedged Sub-Fund, LGT Sustainable Quality Equity Hedged Sub-Fund, LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub-Fund, LGT Sustainable Equity Market Neutral Sub-Fund and LGT Crown Liquid Private Equity Opportunities Sub-Fund is the US Dollar (“USD”) (collectively “the USD denominated sub-funds”).

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

2.1 Basis of preparation The financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and IFRS Interpretations Committee (“IFRIC”) interpretations, as adopted by the European Union (“EU”), those parts of the Companies Act 2014 applicable to companies reporting under IFRS and the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (as amended).

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of financial assets and liabilities held at fair value through profit or loss. The financial statements have been prepared on a going concern basis. The preparation of financial statements in conformity with IFRS as adopted by the EU requires the use of accounting estimates and assumptions. It also requires management to exercise its judgment in the process of applying the Company’s accounting policies.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

All references to the net asset value (“NAV”) or net assets throughout this document refer to the net assets attributable to holders of redeemable participating shares unless otherwise stated.

(a) Standards and amendments to published standards that are mandatory for the financial year beginning on or after 1 January 2019

There are no standards, amendments to standards or interpretations that are effective for annual periods beginning on 1 January 2019 that have a material effect on the financial statements of the Company.

(b) Standards and amendments to published standards that are not yet effective

A number of new standards, amendments to standards and interpretations are effective for annual periods beginning after 1 January 2020 and have not been applied in preparing these financial statements. Those standards, amendments and interpretations considered included:

- Amendments to IFRS 3, “Business Combinations”, definition of a business (1 January 2020); - Amendments to IAS 1 and IAS 8, “Presentation of Financial Statements” and “Accounting Policies, Changes in Accounting Estimates and Errors”, definition of material (1 January 2020); - Amendments to IFRS 7 and IFRS 9, “Financial Instruments: Disclosures” and “Financial Instruments”, pre-replacement issues in the context of the IBOR reform (1 January 2020); and - Amendments to References to the Conceptual Framework in IFRS Standards (1 January 2020).

The adoption of the above standards as of 1 January 2020 is not expected to have an impact on the Company’s financial statements.

- IFRS 17, “Insurance Contracts”, (1 January 2021)

The Directors have considered this new standard which is issued but not yet effective during the preparation of the annual report. It will not have an impact on the Company.

2.2 Use of estimates The preparation of financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions with a significant risk of causing a material adjustment to the carrying amounts of assets within the next financial year are:

Fair value of non-quoted investments The Board of Directors uses its judgment to select a variety of methods and makes assumptions that are not always supported by observable market prices or rates. The use of valuation techniques requires them to make estimates and assumptions. Changes in assumptions could affect the reported fair value of these investments. As at 30 April 2020 and 30 April 2019, the Board of Directors made no fair value adjustments for unquoted investments.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

2.3 Foreign currency translation Items included in the Company’s financial statements are measured using the currency of the primary economic environment in which it operates (the “functional currency”). This is the euro (“Euro” or “EUR”), which is also the currency in which the majority of the investors have subscribed into the Company. The Company has also chosen the Euro to be its presentation currency. The USD denominated sub-funds have a presentation and functional currency of USD as the majority of investors in these sub-funds have subscribed into the sub-funds in this currency.

Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the Statement of Comprehensive Income.

2.4 Financial assets and financial liabilities at fair value through profit or loss The Company classifies its investments based on both the Company’s business model for managing those financial assets and the contractual cash flow characteristics of the financial assets. The portfolio of financial assets is managed and performance is evaluated on a fair value basis. The Company is primarily focused on fair value information and uses that information to assess the investments’ performance and to make decisions. The Company has not taken the option to irrevocably designate any equity securities as fair value through other comprehensive income. The contractual cash flows of the Company’s debt securities are solely principal and interest, however, these securities are neither held for the purpose of collecting contractual cash flows nor held both for collecting contractual cash flows and for sale. The collection of contractual cash flows is only incidental to achieving the Company’s business model’s objective.

Derivative contracts that have a negative fair value are presented as liabilities at fair value through profit or loss.

Consequently, all investments are measured at fair value through profit or loss.

The Company’s policy is for LGT Capital Partners (Ireland) Limited (“Manager”) and the Board of Directors to evaluate the information about these financial assets and liabilities on a fair value basis together with other related financial information.

Financial assets that are not at fair value through profit or loss include receivable for investments sold and account receivables. Financial liabilities that are not at fair value through profit or loss include payable for investments purchased and other accounts payable. These amounts are recognized initially at fair value and subsequently measured at amortized cost.

Purchases and sales of investments are recognized on the trade date, i.e. the date on which the Company commits to purchase or sell the investment. Investments are initially recognized at fair value and transaction costs for all financial assets and financial liabilities carried at fair value through profit or loss are expensed as incurred. Investments are derecognized when the rights to receive cash flows from the investments have expired or the Company has transferred substantially all risks and rewards of ownership. Financial liabilities are derecognized when the obligation specified in the contract is discharged cancelled or expired.

Subsequent to initial recognition, all financial assets and financial liabilities at fair value through profit or loss are measured at fair value. Gains and losses arising from changes in the fair value of the financial assets or financial liabilities at fair value through profit or loss category are presented in the Statement of Comprehensive Income within net changes in unrealized gain/(loss) on fair value of financial assets and liabilities at fair value through profit or loss in the year in which they arise.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

As at 30 April 2020 and 2019 all investments were classified as financial assets and liabilities at fair value through profit or loss.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique.

The fair value of financial assets and liabilities traded in active markets (such as publicly traded derivatives and trading securities) are based on quoted market prices at the close of trading on the reporting date. The Company utilizes the last traded market price for both financial assets and financial liabilities where the last traded price falls within the bid-ask spread. Where the last traded price is not within the bid-ask spread, management will determine the point within the bid-ask spread that is most representative of fair value.

The underlying investments of the Company are valued as follows:

- bonds: bonds are valued at the last reported price on the main exchange on the last business day of the valuation period.

- futures: futures are contractual obligations to buy or sell financial instruments on a future date at a specified price established in an organized market. The futures contracts are collateralised by cash or marketable securities; changes in the futures contracts’ value are settled daily with the exchange and valued at mark-to-market. Interest rate futures are contractual obligations to receive or pay a net amount based on changes in interest rates at a future date at a specified price, established in an organized financial market. The Company has entered into arrangements with whom it undertakes futures transactions.

For open futures contracts, changes in the fair value of the contract are recognized as unrealized gains or losses by "marking-to-market" the value of the contract at the Balance Sheet date and are included in the net gain/(loss) on financial assets and liabilities at fair value through profit or loss in the Statement of Comprehensive Income. When the contract is closed, the difference between the proceeds from (or cost of) the closing transactions and the original transaction is recorded as a realized gain or loss.

- forward currency contracts: the unrealized gain or loss on open forward currency contracts is calculated as the difference between the original contracted rate and the rate at the period end. Unrealized gains or losses on open forward currency contracts are included in financial assets or financial liabilities at fair value through profit or loss in the Balance Sheet. Realized gains or losses on forward currency contracts as reflected in the Statement of Comprehensive Income include net gains/(losses) on forward currency contracts that have been settled as at the Balance Sheet date.

- exchange traded funds: exchange traded funds are valued at the last reported price on the main exchange.

- transferable securities: transferable securities (being equity securities) are valued at the last reported price on the main exchange.

- Fund investments/collective investment schemes: the fair value of investments in unlisted investment funds/collective investment schemes is based on the latest available unaudited net asset value provided by the relevant fund’s manager or administrator.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

- option contracts: when the Company purchases an option, an amount equal to fair value which is based on the premium paid is recorded as an asset. When the Company writes an option, an amount equal to fair value which is based on the premium received by the Company is recorded as a liability. Unrealized gains or losses on options are included in net gain/(loss) on financial assets and liabilities at fair value through profit or loss in the Statement of Comprehensive Income. When options are closed, the difference between the premium and the amount paid or received, net of brokerage commissions, or the full amount of the premium if the option expires worthless, is recognized as a realized gain or loss.

2.5 Prepayments for financial assets at fair value through profit or loss Prepayments for financial assets at fair value through profit or loss is comprised of amounts paid in advance of the April dealing dates of the underlying investments.

2.6 Determination of gains or losses on financial assets and liabilities at fair value through profit or loss Both realized and unrealized gains and losses on financial assets and liabilities at fair value through profit or loss are taken to income as incurred. Realized gains and losses on futures, exchange traded funds, transferable securities, collective investment schemes and options are calculated on a first-in- first-out basis. Realized gains and losses on forward currency contracts are calculated on an actual basis. The difference between the cost and the fair value of financial assets and liabilities at fair value through profit or loss are reflected in the Statement of Comprehensive Income as the change in unrealized gains or losses on financial assets and liabilities at fair value through profit or loss.

2.7 Redeemable participating shares The Company issues redeemable shares, which are redeemable at the holder’s option and do not have identical rights. Such shares are classified as financial liabilities. Redeemable shares can be put back to the Company at any dealing date for cash equal to a proportionate share of the Company’s net asset value attributable to the share class. Shares are redeemable weekly. The redeemable shares are carried at the redemption amount that is payable at the Balance Sheet date if the holder exercises the right to put the share back to the Company.

2.8 Cash and cash equivalents Cash and cash equivalents include all cash in hand and short-term deposits with maturity of three months or less. Cash and cash equivalents are recorded at nominal value. Bank overdrafts that are repayable on demand form an integral part of the Company’s cash management and, if any, are shown as current liabilities in the Balance Sheet.

2.9 Margin cash Margin cash provided by the Company, if any, is identified in the Balance Sheet as margin cash and is not included as a component of cash and cash equivalents. The carrying value of margin cash represents its approximate fair value.

2.10 Receivables Receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Receivables are recognized initially at fair value, and subsequently measured at amortized cost using the effective interest rate method, less provision for impairment. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts to be received. Significant financial difficulties of the counterparty, probability that the counterparty will enter bankruptcy or financial reorganization, and default in payments are considered indicators that the amount to be received is impaired.

2.11 Payables Payables are recognized initially at fair value and subsequently stated at amortized cost. The difference between the proceeds and the amount payable is recognized over the period of the payable using the effective interest method. 47

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

2.12 Expenses Expenses are recognized in the Statement of Comprehensive Income on an accruals basis.

2.13 Interest income and expense from cash and cash equivalents and interest from financial assets at fair value through profit or loss Interest is recognized on a time-proportionate basis using the effective interest method. Interest income and expense includes interest from cash and cash equivalents and cash overdrafts. Interest from financial assets at fair value through profit or loss includes interest from debt securities.

2.14 Dividend income Dividend income relating to exchange traded equity investments is recognized in the Statement of Comprehensive Income on the ex-dividend date. Dividend income is recognized on a gross basis excluding withholding tax, which is disclosed separately in the Statement of Comprehensive Income.

2.15 Withholding tax The Company currently incurs withholding taxes imposed by certain countries on investment income and capital gains. Such income or gains are recorded gross of withholding taxes in the Statement of Comprehensive Income. Withholding tax is shown as a separate item in the Statement of Comprehensive Income.

2.16 Redemptions payable to holders of redeemable participating shares Redemptions payable to holders of redeemable participating shares relate to redemptions made by holders of redeemable shares during the year that were paid after the year end.

2.17 Transaction costs Some transaction costs are incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or liability. An incremental cost is one that would not have been incurred if the entity had not acquired, issued or disposed of the financial instrument. When a financial asset or liability is recognized initially, an entity shall measure it at its fair value through profit or loss plus transaction costs that are directly attributable to the acquisition or issue of the financial asset or liability. They include fees and commissions paid to agents, advisors, brokers and dealers.

Transaction costs on the purchase and sale of bonds, transferable securities, futures, forwards and options are included in the purchase and sale price of the investment. They cannot be practically or reliably gathered as they are embedded in the cost of the investment and cannot be separately verified or disclosed. Custody transaction costs are included in Depositary and trustee fees.

3. EFFICIENT PORTFOLIO MANAGEMENT

A sub-fund may employ techniques and instruments relating to transferable securities and/or other financial instruments in which it invests for efficient portfolio management purposes. Use of such techniques and instruments are made for one or more of the following reasons:

(i) the reduction of risk; (ii) the reduction of cost; or (iii) the generation of additional capital or income for the sub-fund with an appropriate level of risk.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

3. EFFICIENT PORTFOLIO MANAGEMENT (continued)

Forward currency contracts Individual sub-funds use forward currency contracts which alter the currency characteristics of assets held by the relevant sub-fund. Assets of a sub-fund may be denominated in a currency other than the base currency of the sub-fund, which is the Euro for the Euro denominated sub-funds or USD for the USD denominated sub-funds and changes in the exchange rate between the base currency and the currency of the asset may lead to a depreciation of the value of the sub-fund’s assets expressed in Euro or USD. Forward currency contracts are also used for share class hedging purposes, where share classes of a relevant sub-fund are denominated in a currency different to the base currency, Euro or US Dollars. Gains, losses and transaction costs of such contracts are attributable solely to the relevant share class. Further details regarding the exposure obtained through forward currency contracts are disclosed in Note 4(b). Details of open forward currency contracts and the counterparties to those transactions are disclosed in the portfolio of investments.

The revenue/loss arising from such efficient portfolio management techniques for the period are detailed in the table below. Direct and indirect operational costs and fees incurred (i.e. transaction costs) cannot be practically or reliably gathered as they are embedded in the cost of the investment and cannot be separately verified or disclosed.

Forward Currency Contracts Realized Change gains/(losses) in unrealized gains/(losses) For the year ended 30 April 2020 (in EUR) LGT Crown Listed Private Equity - - LGT Bond Emma LC Sub-Fund (5,630,657) 3,025,039 LGT Sustainable Equity Global Sub-Fund 3,430,364 2,443,173 LGT Sustainable Equity Europe Sub-Fund 2,093,698 (148,540) LGT Sustainable Bond Global Sub-Fund 2,240,867 456,734

(in USD) LGT Sustainable Bond Global Hedged Sub-Fund 2,959,717 (856,645) LGT Sustainable Quality Equity Hedged Sub-Fund 20,871,363 (3,199,381) LGT Bond EM Credit Opportunities Sub-Fund (765,856) 38,913 LGT Sustainable Bond Corporates Sub-Fund 194,051 (414,116) LGT Sustainable Equity Market Neutral Sub-Fund 2,887,523 (447,493) LGT Crown Liquid Private Equity Opportunities Sub-Fund 2,698,449 (569,764)

For the year ended 30 April 2019 (in EUR) LGT Crown Listed Private Equity - - LGT Bond Emma LC Sub-Fund (7,496,388) (3,975,343) LGT Sustainable Equity Global Sub-Fund 8,829,072 (460,906) LGT Sustainable Equity Europe Sub-Fund 1,234,459 (190,240) LGT Sustainable Bond Global Sub-Fund 1,872,668 202,031

(in USD) LGT Sustainable Bond Global Hedged Sub-Fund 3,980,071 (812,354) LGT Sustainable Quality Equity Hedged Sub-Fund 20,968,110 (5,010,935) LGT Bond EM Credit Opportunities Sub-Fund (541,929) (90,456) LGT Sustainable Bond Corporates Sub-Fund 230,892 (34,381) LGT Sustainable Equity Market Neutral Sub-Fund 1,224,451 (331,472) LGT Crown Liquid Private Equity Opportunities Sub-Fund 378,800 258,637

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT

The Company maintains positions in a variety of financial instruments as dictated by its investment management strategy. The Company’s investing activities expose it to various types of risk that are associated with the financial instruments and markets in which it invests. Below is a description of the principal risks inherent in the Company’s activities along with the actions it has taken to manage these risks.

The Company’s assets and liabilities comprise financial instruments which include:

- Exchange traded funds, transferrable securities, futures, bonds, forward currency contracts and option contracts, these are held in accordance with the Company’s investment objectives and policies; - Forward currency contracts; these are held in order to hedge against foreign exchange gains/(losses) in non-Euro share classes in LGT Bond Emma LC Sub-Fund and LGT Sustainable Equity Global Sub-Fund; and in non-USD share classes in LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub-Fund and LGT Sustainable Equity Market Neutral Sub-Fund. - Cash, liquid resources and short-term receivables and payables that arise directly from its investment activities.

The main risks arising from the Company’s financial instruments are market price, foreign currency, interest rate, credit, liquidity and capital risks. The Board of Directors reviews and agrees policies for managing each of these risks and they are summarized below:

(a) Market price risk The Company’s investments are susceptible to market price risk arising from uncertainties about future values of the positions held. The Company’s Manager provides the Company with investment recommendations that are consistent with the Company’s objectives.

Value at Risk The Company applies absolute Value at Risk (“VaR”) methodology to its portfolio as well as to the individual investments in order to estimate the risk of positions held at certain times. The risk analysis refers to a specified time horizon and to a given level of confidence and in this respect derives the potential losses that could occur on these positions as a result of market movements affecting the exposures held. VaR is a statistically based estimate of the potential loss on the program (referring to portfolio composition at a particular point of time) from adverse market movements. It expresses the maximum amount the program might lose, but only to a certain level of confidence (99%). There is therefore a specified statistical probability (1%) that actual losses could be greater than the VaR estimate. The positions have been fully modelled for the purpose of these risk estimates. The VaR- methodology employed is historical 1-day VaR99 based on 1 year input data.

Actual outcomes are monitored regularly to test the validity of this VaR calculation. The employment of different methodologies, also with greater forward looking characteristics, generates information about the robustness of the risk figures.

Limitations to this Value at Risk Model The reference input timeframe may or may not be suitable to predict future behavior at a particular point in time.

The methodology employed for this risk illustration is only one type of risk information considered and the complexity of risks analysis for fund strategy portfolios requires the use of various different methodologies.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT LGT LGT LGT LGT Sustainable LGT Bond Sustainable Sustainable Sustainable Bond Global Value at Risk Summary Crown Listed EMMA LC Equity Global Equity Europe Bond Global Hedged Private Equity Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund As at 30 April 2020 0.11% 2.99% 7.17% 4.43% 1.14% 0.98% As at 30 April 2019 2.14% 1.58% 1.82% 2.10% 0.57% 0.36%

30 April 2020 Minimum 0.02% 0.74% 1.36% 1.79% 0.36% 0.30% Maximum 0.11% 3.52% 7.62% 7.62% 1.54% 1.69% Average % during period 0.03% 1.45% 2.52% 2.85% 0.74% 0.56% % leverage1) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

30 April 2019 Minimum 1.58% 1.08% 1.61% 1.60% 0.47% 0.28% Maximum 2.14% 1.85% 2.60% 2.32% 0.86% 0.57% Average % during period 1.90% 1.44% 1.86% 1.98% 0.67% 0.33% % leverage1) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

LGT LGT LGT Crown LGT Sustainable LGT Sustainable Sustainable Liquid Private Quality Equity Bond EM Bond Equity Market Equity Hedged Credit Corporates Neutral Opportunities Value at Risk Summary Sub-Fund Opportunities Sub-Fund Sub-Fund Sub-Fund As at 30 April 2020 5.87% 1.99% 1.28% 1.10% 0.12% As at 30 April 2019 2.05% 0.32% 0.19% 0.66% 2.47%

30 April 2020 Minimum 1.45% 0.30% 0.15% 0.51% 0.02% Maximum 7.74% 2.61% 1.61% 1.75% 0.13% Average % during period 2.67% 0.65% 0.41% 0.74% 0.04% % leverage1) 0.00% 0.00% 0.00% 0.00% 0.00%

30 April 2019 Minimum 1.26% 0.21% 0.18% 0.48% 2.18% Maximum 2.55% 0.50% 0.63% 1.82% 2.59% Average % during period 1.83% 0.30% 0.26% 0.69% 2.43% % leverage1) 0.00% 0.00% 0.00% 0.00% 0.00%

Note: 1) Definition of leverage: The level of leverage represents the sum of absolute notional exposures to FDIs in percentage of the Net Asset Value of the respective sub-fund. This number may seem high, if the Manager allocates an increased proportion of the portfolio to FDIs which have high notional exposures due to their specific characteristics, but with lower levels of volatility and VaR, such as interest rate futures. For example, given a comparable expected volatility, the notional exposure of interest rate futures may represent a multiple of the notional exposure of equity index futures or commodity index futures. As such, notional exposure of different FDIs may not necessarily be comparable in their risk profile. Strategies based on interest rate futures typically have a lower VaR than a comparable exposure to other permitted assets, hence they require a much higher notional exposure versus a strategy investing in other permitted assets. Therefore, the leverage of the respective sub-fund may increase as the sub-fund’s allocation to particular strategies which deploy interest rate futures is increased. The sub-fund may seek exposure to these particular strategies as they may provide attractive risk adjusted returns and contribute to the diversification of the sub-fund. In general, the sum of notional exposure to FDIs tends to be higher when underlying markets are less volatile.

The performance of the investments and the compilation of the investment portfolio held by the Company is monitored by the Manager on a weekly basis and reviewed regularly by the Board of Directors. 51

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

(b) Foreign currency risk Foreign currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. The Company invests in securities and other investments that are denominated in currencies other than the Euro (for Euro denominated sub-funds) or the USD (for US Dollar denominated sub-funds). Accordingly, the value of the Company’s assets may be affected favorably or unfavorably by fluctuations in currency rates and therefore the Company will be subject to foreign exchange risk. In accordance with the Company’s policy, the Manager monitors the Company’s currency position on a monthly basis and the Board of Directors reviews it on a regular basis.

Some of the share classes of LGT Bond Emma LC Sub-Fund and LGT Sustainable Equity Global Sub- Fund are denominated in currencies other than the Euro. Some of the share classes of LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub-Fund and LGT Sustainable Equity Market Neutral Sub-Fund are denominated in currencies other than the US Dollar. The Directors currently instruct the Manager to hedge the Euro/US Dollar equivalent exposure of these share classes in the sub-fund. The Company may utilize a variety of financial instruments such as derivatives to hedge against changes in currency values which may affect the value of the relevant share classes and such transactions are clearly attributable to each relevant share class. Details of forward currency contracts held at 30 April 2020 are included in the portfolio of investments.

The FX profit and loss arising from these forward currency contracts are attributed only to that specific share class.

The Company does not seek to hedge currency risk on investments not denominated in a sub-fund’s base currency. The exposure to non-Euro currencies (for Euro denominated sub-funds) and to non- USD currencies (for US Dollar denominated sub-funds) at the reporting date were as follows:

LGT Crown Listed Private Equity Net currency Net currency exposure exposure 30 April 2020 30 April 2019 Currency (in EUR) (in EUR) Canadian Dollar 35,580,626 28,590,272 Great British Pound 145,577,157 143,518,300 Swedish Krona 8,828,325 8,123,448 South African Rand 1,725,363 6,513,490 United States Dollar 152,420,279 154,339,693 Total 344,131,750 341,085,203

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT LGT Bond EMMA LC Sustainable Equity Global Sub-Fund Sub-Fund Net currency Net currency Net currency Net currency exposure exposure exposure exposure 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in EUR) (in EUR) (in EUR) (in EUR) Australian Dollar - - 1,217,869 74 Argentine Peso - (2,309,390) - - Brazilian Real 14,063,938 20,579,617 - - Canadian Dollar - - 4,445,738 9,600,009 Chilean Peso 4,112,370 6,665,589 - - Chinese Yuan 19 - - - Columbian Peso 17,755,373 29,272,746 - - Czech Koruna 511,433 1,340,991 - - Danish Krone - - 10,574,556 3,312,091 Dominican Peso 772,434 958,182 - - Egyptian Pound - 13,059,302 - - Great British Pound - - 76,443,688 63,525,779 Hong Kong Dollar - - 19,732,912 3,331,745 Hungarian Forint 1,705,400 5,022,906 - - Indonesian Rupiah 20,280,514 28,109,132 - - Japanese Yen - - 71,185,992 66,925,579 Kazakh Tenge 404,659 764,390 - - Korean Won - - - 40,845 Malaysian Ringgit 12,177,196 13,132,543 - - Mexican Peso 21,598,936 25,538,145 23 28 Norwegian Krone - - 7,334,661 84 Peruvian Neuvo Sol 8,780,706 18,032,150 - - Philippine Peso 1,924,612 1,736,246 - - Polish Zloty 7,691,297 12,308,058 - - Romanian New Leu 4,590,404 6,893,504 - - Russian Ruble 15,569,384 18,514,255 - - South African Rand 14,527,030 30,812,926 9,757,988 6,490,667 Swedish Krona - - 6,336,803 25,366,733 Swiss Franc - - 38,732 6,630 Thai Bhat 8,020,726 15,369,775 - - Turkish Lira (9,791) (47,900) - - United States Dollar 3,991,522 4,452,054 410,684,414 372,359,739 Uruguayan Peso 2,519,085 652,806 - - Total 160,987,247 250,858,027 617,753,376 550,960,003

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT LGT Sustainable Equity Europe Sustainable Bond Global Sub-Fund Sub-Fund Net currency Net currency Net currency Net currency exposure exposure exposure exposure 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in EUR) (in EUR) (in EUR) (in EUR) Australian Dollar - - 2,374,348 1,412,259 Canadian Dollar - - 2,308,520 1,136,707 Chilean Peso - - - 872,480 Chinese Yuan - - (38,008) 146,178 Danish Krone 8,109,005 7,336,120 - - Great British Pound 31,438,602 29,833,284 3,968,643 8,723,230 Indonesian Rupiah - - - 804,898 Japanese Yen - - 1,689,588 1,161,112 Korean Won - - (2,703) - Mexican Peso - - 61,957 1,457,059 New Zealand Dollar - - (6,149) Norwegian Krone 5,583,753 3,274,401 (128,386) 514,435 Polish Zloty - - (60,409) 20 Swedish Krona 5,622,588 16,624,081 90,518 7,009,859 Swiss Franc 7,260,558 3,432,127 8,903,871 5,933,703 United States Dollar 98,633 5,117 127,630,712 59,282,449 Total 58,113,139 60,505,130 146,792,502 88,454,389

LGT LGT Sustainable Bond Global Hedged Sustainable Quality Equity Hedged Sub-Fund Sub-Fund Net currency Net currency Net currency Net currency exposure exposure exposure exposure 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in USD) (in USD) (in USD) (in USD) Australian Dollar 1,974,941 1,735,963 562 604 Canadian Dollar 4,985,239 2,691,281 6,583 6,798 Danish Krone 312,057 315,357 7,738,822 12,875,080 Euro 31,389,148 22,666,067 127,210,669 94,510,390 Great British Pound 5,689,955 3,937,697 149,908,976 97,532,466 Hong Kong Dollar - - 31 31 Japanese Yen 154,273 103,187 60,065,033 31,667,085 Korean Won - - - 32,680 South African Rand - - - 2,111,561 Swedish Krona 530,437 569,176 - - Swiss Franc 1,542,882 - 31,155,389 22,495,609 Taiwan New Dollar - - - 2,292,712 Total 46,578,932 32,018,728 376,086,065 263,525,016

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT LGT Bond EM Credit Opportunities Sustainable Bond Corporates Sub-Fund Sub-Fund Net currency Net currency Net currency Net currency exposure exposure exposure exposure 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in USD) (in USD) (in USD) (in USD) Canadian Dollar - - 349,889 85,333 Euro 1,985,332 4,750,798 37,899,944 10,002,544 Great British Pound - - 2,779,690 153,400 Polish Zloty - - 13,764 (328) Swedish Krona - - 14,639 441,677 Swiss Franc 1,800,947 3,969,508 872,822 407,082 Total 3,786,279 8,720,306 41,930,748 11,089,708

LGT LGT Sustainable Equity Market Neutral Crown Liquid Private Equity Sub-Fund Opportunities Sub-Fund Net currency Net currency Net currency Net currency exposure exposure exposure exposure 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in USD) (in USD) (in USD) (in USD) Australian Dollar 8,551 61,220 - - Canadian Dollar 478,143 313,505 3,010,090 1,902,162 Danish Krone 2,314,006 988,297 - - Euro 30,574,418 13,275,519 27,652,741 12,316,026 Great British Pound 15,522,522 6,081,098 8,343,328 5,620,619 Hong Kong Dollar 1,568,099 265,401 - - Japanese Yen 7,692,619 2,907,201 - - Korean Won - 2,404 - - Norwegian Krone 1,184,087 224,018 7,125,630 2,842,617 South African Rand 455,601 289,831 - - Swedish Krona 1,347,636 1,712,365 - 4,699,868 Swiss Franc 3,624,825 910,916 6,493,633 - Total 64,770,507 27,031,775 52,625,422 27,381,292

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

Foreign currency risk sensitivity analysis for Euro denominated sub-funds Had the Euro strengthened/weakened by 5% in relation to all currencies, with all other variables held constant, net assets attributable to holders of participating shares and the changes in net assets attributable to holders of participating shares per the Statement of Comprehensive Income would have increased/(decreased) by the amounts below:

LGT Crown Listed Private Equity 30 April 2020 30 April 2019 Currency (in EUR) (in EUR) Canadian Dollar 1,779,031 1,429,514 Great British Pound 7,278,858 7,175,915 South African Rand 86,268 325,675 Swedish Krona 441,416 406,172 United States Dollar 7,621,014 7,716,985

LGT LGT Bond EMMA LC Sustainable Equity Global Sub-Fund Sub-Fund 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in EUR) (in EUR) (in EUR) (in EUR) Australian Dollar - - 60,893 4 Argentine Peso - (115,470) - - Brazilian Real 703,197 1,028,981 - - Canadian Dollar - - 222,287 480,000 Chilean Peso 205,619 333,279 - - Chinese Yuan 1 - - Columbian Peso 887,769 1,463,637 - - Czech Koruna 25,572 67,050 - - Danish Krone - - 528,728 165,605 Dominican Peso 38,622 47,909 - - Egyptian Pound - 652,965 - - Great British Pound - - 3,822,184 3,176,289 Hong Kong Dollar - - 986,646 166,587 Hungarian Forint 85,270 251,145 - - Indonesian Rupiah 1,014,026 1,405,457 - - Japanese Yen - - 3,559,300 3,346,279 Kazakh Tenge 20,233 38,220 - - Korean Won - - - 2,042 Malaysian Ringgit 608,860 656,627 - - Mexican Peso 1,079,947 1,276,907 1 1 Norwegian Krone - - 366,733 4 Peruvian Neuvo Sol 439,035 901,608 - - Philippine Peso 96,231 86,812 - - Polish Zloty 384,565 615,403 - - Romanian New Leu 229,520 344,675 - - Russian Ruble 778,469 925,713 - - South African Rand 726,351 1,540,646 487,899 324,533 Swedish Krona - - 316,840 1,268,337 Swiss Franc - - 1,937 332 Thai Bhat 401,036 768,489 - - Turkish Lira (490) (2,395) - - United States Dollar 199,576 222,603 20,534,221 18,617,987 Uruguayan Peso 125,954 32,640 - -

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT LGT Sustainable Equity Europe Sustainable Bond Global Sub-Fund Sub-Fund 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in EUR) (in EUR) (in EUR) (in EUR) Australian Dollar - - 118,717 70,613 Canadian Dollar - - 115,426 56,835 Chilean Peso - - - 43,624 Chinese Yuan - - (1,900) 7,309 Danish Krone 405,450 366,806 - - Great British Pound 1,571,930 1,491,664 198,432 436,162 Indonesian Rupiah - - - 40,245 Japanese Yen - - 84,479 58,056 Mexican Peso - - 3,098 72,853 Norwegian Krone 279,188 163,720 (6,419) 25,722 Polish Zloty - - (3,020) 1 Swedish Krona 281,129 831,204 4,526 350,493 Swiss Franc 363,028 171,606 445,194 296,685 United States Dollar 4,932 256 6,381,536 2,964,122

Foreign currency risk sensitivity analysis for US Dollar denominated sub-funds Had the US Dollar strengthened/weakened by 5% in relation to all currencies, with all other variables held constant, net assets attributable to holders of participating shares and the changes in net assets attributable to holders of participating shares per the Statement of Comprehensive Income would have increased/(decreased) by the amounts below:

LGT LGT Sustainable Bond Global Hedged Sustainable Quality Equity Hedged Sub-Fund Sub-Fund 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in USD) (in USD) (in USD) (in USD) Australian Dollar 98,747 86,798 28 30 Canadian Dollar 249,262 134,564 329 340 Danish Krone 15,603 15,768 386,941 643,754 Euro 1,569,457 1,133,303 6,360,533 4,725,520 Great British Pound 284,498 196,885 7,495,449 4,876,623 Hong Kong Dollar - - 2 2 Japanese Yen 7,714 5,159 3,003,252 1,583,354 Korean Won - - - 1,634 Norwegian Krone - - - - South African Rand - - - 105,578 Swedish Krona 26,522 28,459 - - Swiss Franc 77,144 - 1,557,769 1,124,780 Taiwan New Dollar - - - 114,636

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT LGT Bond EM Credit Opportunities Sustainable Bond Corporates Sub-Fund Sub-Fund 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in USD) (in USD) (in USD) (in USD) Canadian Dollar - - 17,494 4,267 Euro 99,267 237,540 1,894,997 500,127 Great British Pound - - 138,984 7,670 Polish Zloty - - 688 (16) Swedish Krona - - 732 22,084 Swiss Franc 90,047 198,475 43,641 20,354

LGT LGT Sustainable Equity Market Neutral Crown Liquid Private Equity Sub-Fund Opportunities Sub-Fund Net currency Net currency Net currency Net currency exposure exposure exposure exposure 30 April 2020 30 April 2019 30 April 2020 30 April 2019 Currency (in USD) (in USD) (in USD) (in USD) Australian Dollar 428 3,061 - - Canadian Dollar 23,907 15,675 150,504 95,108 Danish Krone 115,700 49,415 - - Euro 1,528,721 663,776 1,382,637 615,801 Great British Pound 776,126 304,055 417,166 281,031 Hong Kong Dollar 78,405 13,270 - - Japanese Yen 384,631 145,360 - - Korean Won - 120 - - Norwegian Krone 59,204 11,201 356,282 142,131 South African Rand 22,780 14,492 - - Swedish Krona 67,382 85,618 - 234,993 Swiss Franc 181,241 45,546 324,682 -

(c) Interest rate risk Interest rate risk arises from the effects of fluctuations in the prevailing levels of markets interest rates on the fair value of financial assets and liabilities and future cash flows. The Company holds fixed interest securities that expose the Company to fair value interest rate risk. The Company’s policy requires the Manager to manage this risk by measuring the mismatch of the interest rate sensitivity gap of financial assets and liabilities and calculating the average duration of the portfolio of fixed interest securities. The average effective duration of the Company’s portfolio is a measure of the sensitivity of the fair value of the Company’s fixed interest securities to changes in market interest rates.

Any excess cash and cash equivalents are invested at short-term market interest rates. At 30 April 2020 and 2019, if short-term market interest rates had been lower by 25 basis points (2019: 25 basis points) with all other variables held constant, the change in net assets attributable to redeemable participating shareholders was deemed by the Directors to be immaterial. However, the Company may be indirectly affected by the impact of interest rate changes on the earnings of certain underlying investments in which the Company invests and impact on the valuation of certain over-the-counter derivative products that use interest rates as an input in their valuation model.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

The following table summarizes the Company’s exposure to interest rate risks. It includes the Company’s assets and liabilities at fair values at the Balance Sheet date:

LGT CROWN LISTED PRIVATE EQUITY At 30 April 2020 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 25,807,474 - - - 25,807,474 Financial assets at fair value through profit or loss - - - 391,851,477 391,851,477 Other receivables - - - 496,849 496,849 Total assets 25,807,474 - - 392,348,326 418,155,800 Liabilities Accounts payable and accrued liabilities - - - (2,370,154) (2,370,154) Net assets attributable to holders of redeemable participating shares - - - (415,785,646) (415,785,646) Total liabilities - - - (418,155,800) (418,155,800)

At 30 April 2019 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 15,864,786 - - - 15,864,786 Financial assets at fair value through profit or loss - - - 408,200,209 408,200,209 Other receivables - - - 1,445,933 1,445,933 Total assets 15,864,786 - - 409,646,142 425,510,928 Liabilities Accounts payable and accrued liabilities - - - (1,759,614) (1,759,614) Net assets attributable to holders of redeemable participating shares - - - (423,751,314) (423,751,314) Total liabilities - - - (425,510,928) (425,510,928)

LGT BOND EMMA LC SUB-FUND At 30 April 2020 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 4,163,775 - - - 4,163,775 Financial assets at fair value through profit or loss 404,659 265,131 160,103,889 1,507,935 162,281,614 Other receivables - - - 3,322,121 3,322,121 Total assets 4,568,434 265,131 160,103,889 4,830,056 169,767,510 Liabilities Financial liabilities at fair value through profit or loss - - - (1,336,282) (1,336,282) Accounts payable and accrued liabilities - - - (553,856) (553,856) Net assets attributable to holders of redeemable participating shares - - - (167,877,372) (167,877,372) Total liabilities - - - (169,767,510) (169,767,510)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

At 30 April 2019 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 5,409,423 - - - 5,409,423 Margin cash 327,085 - - - 327,085 Financial assets at fair value through profit or loss - 13,059,302 245,684,349 1,184,473 259,928,124 Other receivables - - - 4,907,667 4,907,667 Total assets 5,736,508 13,059,302 245,684,349 6,092,140 270,572,299 Liabilities Financial liabilities at fair value through profit or loss - - - (4,838,929) (4,838,929) Accounts payable and accrued liabilities - - - (943,408) (943,408) Net assets attributable to holders of redeemable participating shares - - - (264,789,962) (264,789,962) Total liabilities - - - (270,572,299) (270,572,299)

LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND At 30 April 2020 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 29,776,821 - - - 29,776,821 Financial assets at fair value through profit or loss - - - 768,339,060 768,339,060 Other receivables - - - 1,944,612 1,944,612 Total assets 29,776,821 - - 770,283,672 800,060,493 Liabilities Financial liabilities at fair value through profit or loss - - - (983,250) (983,250) Accounts payable and accrued liabilities - - - (1,263,632) (1,263,632) Net assets attributable to holders of redeemable participating shares - - - (797,813,611) (797,813,611) Total liabilities - - - (800,060,493) (800,060,493)

At 30 April 2019 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 23,034,550 - - - 23,034,550 Margin cash 713,907 - - - 713,907 Financial assets at fair value through profit or loss - - - 647,885,845 647,885,845 Other receivables - - - 24,090,205 24,090,205 Total assets 23,748,457 - - 671,976,050 695,724,507 Liabilities Financial liabilities at fair value through profit or loss - - - (2,350,902) (2,350,902) Accounts payable and accrued liabilities - - - (18,057,615) (18,057,615) Net assets attributable to holders of redeemable participating shares - - - (675,315,990) (675,315,990) Total liabilities - - - (695,724,507) (695,724,507)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT SUSTAINABLE EQUITY EUROPE SUB-FUND At 30 April 2020 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 2,733,222 - - - 2,733,222 Financial assets at fair value through profit or loss - - - 113,042,042 113,042,042 Other receivables - - - 405,478 405,478 Total assets 2,733,222 - - 113,447,520 116,180,742 Liabilities Financial liabilities at fair value through profit or loss - - - (282,812) (282,812) Accounts payable and accrued liabilities - - - (408,785) (408,785) Net assets attributable to holders of redeemable participating shares - - - (115,489,145) (115,489,145) Total liabilities - - - (116,180,742) (116,180,742)

At 30 April 2019 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 6,578,034 - - - 6,578,034 Financial assets at fair value through profit or loss - - - 133,967,099 133,967,099 Other receivables - - - 742,029 742,029 Total assets 6,578,034 - - 134,709,128 141,287,162 Liabilities Financial liabilities at fair value through profit or loss - - - (403,446) (403,446) Accounts payable and accrued liabilities - - - (519,440) (519,440) Net assets attributable to holders of redeemable participating shares - - - (140,364,276) (140,364,276) Total liabilities - - - (141,287,162) (141,287,162)

LGT SUSTAINABLE BOND GLOBAL SUB-FUND At 30 April 2020 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 10,376,187 - - - 10,376,187 Financial assets at fair value through profit or loss - 957,050 214,144,753 12,376,878 227,478,681 Other receivables - - - 1,314,309 1,314,309 Total assets 10,376,187 957,050 214,144,753 13,691,187 239,169,177 Liabilities Financial liabilities at fair value through profit or loss - - - (1,992,326) (1,992,326) Accounts payable and accrued liabilities - - - (2,640,542) (2,640,542) Net assets attributable to holders of redeemable participating shares - - - (234,536,309) (234,536,309) Total liabilities - - - (239,169,177) (239,169,177)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

At 30 April 2019 Less than Non-interest (in EUR) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 10,566,494 - - - 10,566,494 Margin cash 1,868,635 - - - 1,868,635 Financial assets at fair value through profit or loss 188,832 3,200,396 129,848,835 7,996,101 141,234,164 Other receivables - - - 1,228,955 1,228,955 Total assets 12,623,961 3,200,396 129,848,835 9,225,056 154,898,248 Liabilities Financial liabilities at fair value through profit or loss - - - (337,418) (337,418) Accounts payable and accrued liabilities - - - (2,112,724) (2,112,724) Net assets attributable to holders of redeemable participating shares - - - (152,448,106) (152,448,106) Total liabilities - - - (154,898,248) (154,898,248)

LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND At 30 April 2020 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 5,582,454 - - - 5,582,454 Financial assets at fair value through profit or loss - - 92,243,655 10,208,237 102,451,892 Other receivables - - 491,682 491,682 Total assets 5,582,454 - 92,243,655 10,699,919 108,526,028 Liabilities Financial liabilities at fair value through profit or loss - - - (881,255) (881,255) Accounts payable and accrued liabilities - - - (396,976) (396,976) Net assets attributable to holders of redeemable participating shares - - - (107,247,797) (107,247,797) Total liabilities - - - (108,526,028) (108,526,028)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

At 30 April 2019 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 2,790,355 - - - 2,790,355 Margin cash 439,869 - - - 439,869 Financial assets at fair value through profit or loss - - 68,635,763 4,590,511 73,226,274 Other receivables - - - 542,967 542,967 Total assets 3,230,224 - 68,635,763 5,133,478 76,999,465 Liabilities Financial liabilities at fair value through profit or loss - - - (134,107) (134,107) Accounts payable and accrued liabilities - - - (239,767) (239,767) Net assets attributable to holders of redeemable participating shares - - - (76,625,591) (76,625,591) Total liabilities - - - (76,999,465) (76,999,465)

LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND At 30 April 2020 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 14,486,915 - - - 14,486,915 Financial assets at fair value through profit or loss - - - 791,290,252 791,290,252 Other receivables - - - 1,655,533 1,655,533 Total assets 14,486,915 - - 792,945,785 807,432,700 Liabilities Financial liabilities at fair value through profit or loss - - - (2,068,748) (2,068,748) Accounts payable and accrued liabilities - - - (702,819) (702,819) Net assets attributable to holders of redeemable participating shares - - - (804,661,133) (804,661,133) Total liabilities - - - (807,432,700) (807,432,700)

At 30 April 2019 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 4,901,147 - - - 4,901,147 Financial assets at fair value through profit or loss - - - 573,730,211 573,730,211 Other receivables - - - 5,764,736 5,764,736 Total assets 4,901,147 - - 579,494,947 584,396,094 Liabilities Financial liabilities at fair value through profit or loss - - - (129,590) (129,590) Accounts payable and accrued liabilities - - - (5,299,701) (5,299,701) Net assets attributable to holders of redeemable participating shares - - - (578,966,803) (578,966,803) Total liabilities - - - (584,396,094) (584,396,094)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND At 30 April 2020 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 1,745,763 - - - 1,745,763 Financial assets at fair value through profit or loss - - 55,166,325 49,438 55,215,763 Other receivables - - - 1,096,271 1,096,271 Total assets 1,745,763 - 55,166,325 1,145,709 58,057,797 Liabilities Financial liabilities at fair value through profit or loss - - - (34,917) (34,917) Accounts payable and accrued liabilities - - - (619,068) (619,068) Net assets attributable to holders of redeemable participating shares - - - (57,403,812) (57,403,812) Total liabilities - - - (58,057,797) (58,057,797)

At 30 April 2019 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 367,083 - - - 367,083 Margin cash 120,776 - - - 120,776 Financial assets at fair value through profit or loss 2,763,189 1,806,327 56,153,181 253,351 60,976,048 Other receivables − − − 2,223,499 2,223,499 Total assets 3,251,048 1,806,327 56,153,181 2,476,850 63,687,406 Liabilities Financial liabilities at fair value through profit or loss - - - (158,301) (158,301) Accounts payable and accrued liabilities - - - (144,387) (144,387) Net assets attributable to holders of redeemable participating shares - - - (63,384,718) (63,384,718) Total liabilities - - - (63,687,406) (63,687,406)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT SUSTAINABLE BOND CORPORATES SUB-FUND At 30 April 2020 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 3,084,087 - - - 3,084,087 Financial assets at fair value through profit or loss 1,422,224 1,947,276 66,529,548 993,479 70,892,527 Other receivables - - - 666,322 666,322 Total assets 4,506,311 1,947,276 66,529,548 1,659,801 74,642,936 Liabilities Financial liabilities at fair value through profit or loss - - - (398,110) (398,110) Accounts payable and accrued liabilities - - - (1,755,741) (1,755,741) Net assets attributable to holders of redeemable participating shares - - - (72,489,085) (72,489,085) Total liabilities - - - (74,642,936) (74,642,936)

At 30 April 2019 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 1,647,209 - - - 1,647,209 Margin cash 257,355 - - - 257,355 Financial assets at fair value through profit or loss 105,812 325,419 18,615,721 988,759 20,035,711 Other receivables - - - 430,128 430,128 Total assets 2,010,376 325,419 18,615,721 1,418,887 22,370,403 Liabilities Financial liabilities at fair value through profit or loss - - - (148,921) (148,921) Accounts payable and accrued liabilities - - - (575,754) (575,754) Net assets attributable to holders of redeemable participating shares - - - (21,645,728) (21,645,728) Total liabilities - - - (22,370,403) (22,370,403)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND At 30 April 2020 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 20,883,448 - - - 20,883,448 Financial assets at fair value through profit or loss - - - 103,188,414 103,188,414 Other receivables - - - 5,013,852 5,013,852 Total assets 20,883,448 - - 108,202,266 129,085,714 Liabilities Financial liabilities at fair value through profit or loss - - - (12,311,553) (12,311,553) Accounts payable and accrued liabilities - - - (454,562) (454,562) Net assets attributable to holders of redeemable participating shares - - - (116,319,599) (116,319,599) Total liabilities - - - (129,085,714) (129,085,714)

At 30 April 2019 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 1,216,772 - - - 1,216,772 Margin cash 2,754,011 - - - 2,754,011 Financial assets at fair value through profit or loss - - - 47,440,311 47,440,311 Other receivables - - - 2,859,091 2,859,091 Total assets 3,970,783 - - 50,299,402 54,270,185 Liabilities Financial liabilities at fair value through profit or loss - - - (2,076,372) (2,076,372) Accounts payable and accrued liabilities - - - (1,113,836) (1,113,836) Net assets attributable to holders of redeemable participating shares - - - (51,079,977) (51,079,977) Total liabilities - - - (54,270,185) (54,270,185)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND At 30 April 2020 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 3,920,492 - - - 3,920,492 Financial assets at fair value through profit or loss - - - 156,352,563 156,352,563 Other receivables - - - 135,701 135,701 Total assets 3,920,492 - - 156,488,264 160,408,756 Liabilities Financial liabilities at fair value through profit or loss - - - (371,614) (371,614) Accounts payable and accrued liabilities - - - (22,270,116) (22,270,116) Net assets attributable to holders of redeemable participating shares - - - (137,767,026) (137,767,026) Total liabilities - - - (160,408,756) (160,408,756)

At 30 April 2019 Less than Non-interest (in USD) 3 months 3-12 months Over 1 year bearing Total Assets Cash and cash equivalents 329,182 - - - 329,182 Financial assets at fair value through profit or loss - - - 73,954,043 73,954,043 Other receivables - - - 694,976 694,976 Total assets 329,182 - - 74,649,019 74,978,201 Liabilities Accounts payable and accrued liabilities - - - (164,017) (164,017) Net assets attributable to holders of redeemable participating shares - - - (74,814,184) (74,814,184) Total liabilities - - - (74,978,201) (74,978,201)

(d) Credit risk The Company is exposed to credit risk, which is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company is exposed to counterparty credit risk on trading derivative products, government bonds, corporate bonds, collective investment schemes, cash and cash equivalents, amounts due from brokers and other receivable balances. Impairment provisions are provided for losses that have been incurred by the Balance Sheet date, if any. There were no impairment provisions for the year ended 30 April 2020 (2019: none).

Financial assets, which potentially expose the Company to credit risk, consist principally of cash, investments and balances arising from other contractual transactions. The Company seeks to mitigate its exposure to credit risk by conducting its contractual transactions with institutions which are reputable and well established. In accordance with the Company’s policy, the Manager monitors the Company’s credit position on a monthly basis and the Board of Directors reviews it on a regular basis.

Credit risk arising from receivables from underlying portfolio sub-funds relates to redemptions or transactions awaiting settlement. Risk relating to unsettled receivables is considered small due to the short settlement period involved and the due diligence performed on the portfolio companies. The maximum exposure related to unsettled trades equals the amounts shown on the Balance Sheet.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

The Company’s Depositary and Trustee is RBC Investor Services Bank S.A., Dublin Branch (“Depositary”). Some of the cash of the Company is held by the Depositary at the year end. The Company is exposed to credit risk through the use of the Depositary for their cash and cash equivalents. Bankruptcy or insolvency of the Depositary may cause the Company’s rights with respect to its cash held by the Depositary to be delayed or limited. The maximum exposure to this risk at 30 April 2020 and 2019 is the amount of cash disclosed in Note 9.

To mitigate the risks the Company is exposed to from the use of the Depositary, the Manager employs appropriate procedures to ensure that the counterparties are reputable institutions and that the credit risk is acceptable to the Company. The Company only transacts with custodians that are regulated entities subject to prudential supervision, or with high credit-ratings assigned by international credit- rating agencies. The credit rating of the Depositary at 30 April 2020 was A-1+/AA-) (30 April 2019: A-1+/AA-) (Source: Standard and Poor’s).

The Company has also cash accounts held with LGT Bank AG as at 30 April 2020. The cash accounts are held for the purposes of trading in derivative financial instruments. Bankruptcy or insolvency of this financial institution may cause the Company’s rights with respect to its cash held by to be delayed or limited. The maximum exposure to this risk at 30 April 2020 and 2019 is the amount of cash disclosed in Note 9. The credit ratings per Standard and Poor’s of this financial institution as at the year end was A-1/A+ (2019: A-1/A+).

LGT Bond EMMA LC Sub-Fund, LGT Sustainable Bond Global Sub-Fund, LGT Sustainable Bond Global Hedged Sub-Fund, LGT Bond EM Credit Opportunities Sub-Fund and LGT Sustainable Bond Corporates Sub-Fund invests in a broad range of bonds, including high yield and emerging market bonds which may be either investment grade or below investment grade. The following table summarizes the credit quality of the Company’s debt portfolio at the Balance Sheet date:

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

Percentage of bond portfolio held in corporate and government bonds

Debt security by rating category 30 April 2020 30 April 2019 LGT Bond EMMA LC Sub-Fund AAA 0.81 0.45 AA- 0.29 0.50 A+ 2.54 2.59 A 5.35 5.07 A- 14.77 26.05 BBB+ 17.31 2.22 BBB 32.61 26.90 BBB- 6.63 6.34 BB+ - 11.81 BB 12.23 0.36 BB- 5.10 7.47 B - 3.76 CC 1.89 - D 0.47 - Not rated - 6.48 Total debt securities (Source: Standard and Poor’s) 100.00 100.00

LGT Sustainable Bond Global Sub-Fund AAA 48.62 36.82 AA+ 1.94 1.96 AA 3.49 4.94 AA- 2.34 0.63 A+ 3.00 3.09 A 2.79 0.77 A- 6.54 6.60 BBB+ 12.37 16.24 BBB 9.82 15.54 BBB- 3.64 8.94 BB+ 1.65 0.98 BB 0.63 - BB- - 3.29 B+ 0.13 - B 1.56 - B- - 0.20 CCC 0.50 - D 0.98 - Total debt securities (Source: Standard and Poor’s) 100.00 100.00

LGT Sustainable Bond Global Hedged Sub-Fund AAA 45.17 47.81 AA+ 4.65 8.70 AA 14.43 14.56 AA- 5.94 9.04 A+ 8.26 9.73 A 2.80 - A- 6.33 5.30 BBB+ 9.55 1.82 BBB 2.58 - BBB- 0.29 - CCC - 3.04 Total debt securities (Source: Standard and Poor’s) 100.00 100.00

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

Percentage of bond portfolio held in corporate and government bonds

Debt security by rating category 30 April 2020 30 April 2019 LGT Bond EM Credit Opportunities Sub-Fund AA 0.77 - AA- 2.86 1.77 A+ 5.07 1.96 A 1.49 1.99 A- 4.35 4.77 BBB+ 6.12 8.91 BBB 7.58 6.13 BBB- 13.04 15.00 BB+ 5.18 7.97 BB 6.04 10.92 BB- 19.79 14.76 B+ 12.48 6.81 B 8.84 10.79 B- 2.27 5.25 C 0.49 - CC 0.34 - CCC+ 0.77 - CCC 1.44 - CCC- 0.56 - D 0.52 - Not rated - 2.97 Total debt securities (Source: Standard and Poor’s) 100.00 100.00

LGT Sustainable Bond Corporates Sub-Fund AAA 3.50 - AA+ 1.11 - AA 1.11 - A+ 5.78 4.47 A 9.38 9.58 A- 15.20 9.41 AA- 1.91 - BBB+ 23.42 30.06 BBB 14.77 30.33 BBB- 11.77 10.83 BB+ 6.58 3.45 BB 2.19 1.34 BB- - 0.53 B+ 0.32 - B 1.98 - CCC 0.71 - D 0.27 - Total debt securities (Source: Standard and Poor’s) 100.00 100.00

(e) Liquidity risk Liquidity risk is the risk that the Company cannot generate sufficient cash resources to meet its payment obligations in full as they fall due, or can only do so at materially disadvantageous terms. Depending on the sub-fund, the Company is exposed to daily or weekly cash redemptions of participating shares. If significant redemptions of participating shares are requested, it may not be possible to liquidate the Company’s investments at the time such redemptions are requested, or it may be possible to do only at prices which the Directors believe do not reflect the true value of such investments, resulting in an adverse effect on the return to the investors.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

It therefore invests the majority of its assets in investments that are traded in an active market and can be readily disposed of; it invests only a limited proportion of its assets in investments not actively traded. The Company’s listed securities are considered to be readily realizable as they are listed on recognized stock exchanges. In accordance with the Company’s policy, the Manager and Investment Manager monitors the Company’s liquidity position on a daily basis. There have been no material changes made to these liquidity management systems and procedures described above during the year.

Substantially all of the sub-funds’ financial liabilities have maturities of less than one month from the Balance Sheet date to the contractual maturity date. Maturities are outlined in the Portfolio of Investments of the respective sub-funds.

(f) Capital risk management The capital of the Company is represented by the net assets attributable to the holders of redeemable participating shares and the Manager monitors this on an ongoing basis. The Company’s objective when managing the capital is to safeguard the ability to continue as a going concern in order to provide returns for holders of redeemable participating shares and benefits for other stakeholders and to maintain a strong capital base to support the development of the investment activities of the Company.

In order to maintain or adjust the capital structure, the Company’s policy is to perform the following: - monitor the level of daily subscriptions and redemptions relative to the assets it expects to be able to liquidate within one week and adjust the amount of distributions the Company pays to holders of redeemable participating shares. - redeem and issue new shares in accordance with the constitutional documents of the Company, which include the ability to restrict redemptions and require certain minimum holdings and subscriptions.

(g) Fair value estimation Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. The fair value of financial assets and liabilities traded in active markets (such as publicly traded derivatives and trading securities) are based on quoted market prices at the close of trading on the reporting date. The Company utilizes the last traded market price for both financial assets and financial liabilities where the last traded price falls within the bid-ask spread. In circumstances where the last traded price is not within the bid-ask spread, management will determine the point within the bid-ask spread that is most representative of fair value. An active market is a market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

IFRS 7 requires the Company to classify fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels:

- Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). - Level 3 - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).

The level in the fair value hierarchy within which the fair value measurement is categorized in its entirety is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety. For this purpose, the significance of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustment based on unobservable inputs, that measurement is a Level 3 measurement. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgment, considering factors specific to the asset or liability.

The determination of what constitutes ‘observable’ requires significant judgment by the Company. The Company considers observable data to be that market data that is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market.

Investments whose values are based on quoted market prices in active markets, and therefore classified within Level 1, include futures, exchange traded funds, transferable securities, and certain government bonds. The Company does not adjust the quoted price for these instruments.

Financial instruments that trade in markets that are not considered to be active but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs are classified within Level 2. The Company currently classifies forward currency contracts, collective investment schemes, options, certain government bonds and corporate bonds held as at 30 April 2020 and 2019 as Level 2 investments as their fair value is based on observable inputs.

Investments classified within Level 3 have significant unobservable inputs, as they trade infrequently. There were no Level 3 investments at 30 April 2020 (30 April 2019: none).

The following tables below analyze within the fair value hierarchy the Company’s financial assets (by class) designated as fair value through profit or loss at 30 April 2020:

LGT CROWN LISTED PRIVATE EQUITY At 30 April 2020 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 391,851,477 - - 391,851,477 Total 391,851,477 - - 391,851,477

At 30 April 2019 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 408,200,209 - - 408,200,209 Total 408,200,209 - - 408,200,209

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT BOND EMMA LC SUB-FUND At 30 April 2020 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Government bonds - 157,595,642 - 157,595,642 Corporate bonds - 3,178,037 - 3,178,037 Forward contracts - 527,674 - 527,674 Options contracts - 980,261 - 980,261 Total - 162,281,614 - 162,281,614 Financial liabilities at fair value through profit or loss: Forward contracts - (955,294) - (955,294) Options contracts - (380,988) - (380,988) Total - (1,336,282) - (1,336,282)

At 30 April 2019 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Government bonds - 237,773,685 - 237,773,685 Corporate bonds - 20,969,966 - 20,969,966 Forward contracts - 870,766 - 870,766 Options contracts - 313,707 - 313,707 Total - 259,928,124 - 259,928,124 Financial liabilities at fair value through profit or loss: Forward contracts - (4,323,425) - (4,323,425) Options contracts - (515,504) - (515,504) Total - (4,838,929) - (4,838,929)

LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND At 30 April 2020 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 765,018,452 - - 765,018,452 Forward contracts - 3,320,608 - 3,320,608 Total 765,018,452 3,320,608 - 768,339,060 Financial liabilities at fair value through profit or loss: Forward contracts - (983,250) - (983,250) Total - (983,250) - (983,250)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

At 30 April 2019 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 647,582,768 - - 647,582,768 Forward contracts - 303,077 - 303,077 Total 647,582,768 303,077 - 647,885,845 Financial liabilities at fair value through profit or loss: Forward contracts - (408,892) - (408,892) Options contracts - (1,942,010) - (1,942,010) Total - (2,350,902) - (2,350,902)

LGT SUSTAINABLE EQUITY EUROPE SUB-FUND At 30 April 2020 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 113,013,463 - - 113,013,463 Forward contracts - 28,579 - 28,579 Total 113,013,463 28,579 - 113,042,042 Financial liabilities at fair value through profit or loss: Forward contracts - (282,812) - (282,812) Total - (282,812) - (282,812)

At 30 April 2019 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 133,669,346 - - 133,669,346 Forward contracts - 297,753 - 297,753 Total 133,669,346 297,753 - 133,967,099 Financial liabilities at fair value through profit or loss: Forward contracts - (403,446) - (403,446) Total - (403,446) - (403,446)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT SUSTAINABLE BOND GLOBAL SUB-FUND At 30 April 2020 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes - 8,921,211 - 8,921,211 Government bonds 73,063,286 11,052,699 - 84,115,985 Corporate bonds - 130,985,818 - 130,985,818 Forward contracts - 2,410,640 - 2,410,640 Futures contracts 1,045,027 - - 1,045,027 Total 74,108,313 153,370,368 - 227,478,681 Financial liabilities at fair value through profit or loss: Forward contracts - (1,536,473) - (1,536,473) Futures contracts (455,853) - - (455,853) Total (455,853) (1,536,473) - (1,992,326)

At 30 April 2019 (in EUR) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes - 7,209,273 - 7,209,273 Government bonds 7,932,670 4,268,665 - 12,201,335 Corporate bonds - 121,036,728 - 121,036,728 Forward contracts - 583,251 - 583,251 Futures contracts 203,577 - - 203,577 Total 8,136,247 133,097,917 - 141,234,164 Financial liabilities at fair value through profit or loss: Forward contracts - (165,818) - (165,818) Futures contracts (171,600) - - (171,600) Total (171,600) (165,818) - (337,418)

LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND At 30 April 2020 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes - 10,147,706 - 10,147,706 Government bonds 22,366,563 20,539,243 - 42,905,806 Corporate bonds - 49,337,849 - 49,337,849 Forward contracts - 7,582 - 7,582 Futures contracts 52,949 - - 52,949 Total 22,419,512 80,032,380 - 102,451,892 Financial liabilities at fair value through profit or loss: Forward contracts - (561,039) - (561,039) Futures contracts (320,216) - - (320,216) Total (320,216) (561,039) - (881,255)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

At 30 April 2019 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes - 4,273,520 - 4,273,520 Government bonds 21,260,040 19,033,181 - 40,293,221 Corporate bonds - 28,342,542 - 28,342,542 Forward contracts - 303,188 - 303,188 Futures contracts 13,803 - - 13,803 Total 21,273,843 51,952,431 - 73,226,274 Financial liabilities at fair value through profit or loss: Futures contracts (134,107) - - (134,107) Total (134,107) - - (134,107)

LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND At 30 April 2020 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 791,290,252 - - 791,290,252 Total 791,290,252 - - 791,290,252 Financial liabilities at fair value through profit or loss: Forward contracts - (2,068,748) - (2,068,748) Total - (2,068,748) - (2,068,748)

At 30 April 2019 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 572,469,988 - - 572,469,988 Forward contracts - 1,260,223 - 1,260,223 Total 572,469,988 1,260,223 - 573,730,211 Financial liabilities at fair value through profit or loss: Forward contracts - (129,590) - (129,590) Total - (129,590) - (129,590)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND At 30 April 2020 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Government bonds - 1,807,331 - 1,807,331 Corporate bonds - 53,358,994 - 53,358,994 Forward contracts - 49,438 - 49,438 Total - 55,215,763 - 55,215,763 Financial liabilities at fair value through profit or loss: Forward contracts - (34,917) - (34,917) Total - (34,917) - (34,917)

At 30 April 2019 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes - 119,442 - 119,442 Government bonds - 2,325,299 - 2,325,299 Corporate bonds - 58,397,398 - 58,397,398 Forward contracts - 133,909 - 133,909 Total - 60,976,048 - 60,976,048 Financial liabilities at fair value through profit or loss: Forward contracts - (158,301) - (158,301) Total - (158,301) - (158,301)

LGT SUSTAINABLE BOND CORPORATES SUB-FUND At 30 April 2020 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes 791,427 - 791,427 Government bonds 709,249 - 709,249 Corporate bonds 69,189,799 - 69,189,799 Forward contracts 192,677 - 192,677 Futures contracts 9,375 - - 9,375 Total 9,375 70,883,152 - 70,892,527 Financial liabilities at fair value through profit or loss: Forward contracts - (398,110) - (398,110) Total - (398,110) - (398,110)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

At 30 April 2019 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Collective investment schemes - 620,967 - 620,967 Government bonds - 19,046,952 - 19,046,952 Forward contracts - 357,604 - 357,604 Futures contracts 10,188 - - 10,188 Total 10,188 20,025,523 - 20,035,711 Financial liabilities at fair value through profit or loss: Forward contracts - (148,921) - (148,921) Total - (148,921) - (148,921)

LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND At 30 April 2020 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 103,022,437 - - 103,022,437 Forward contracts - 165,977 - 165,977 Total 103,022,437 165,977 - 103,188,414 Financial liabilities at fair value through profit or loss: Forward contracts - (560,016) - (560,016) Futures contracts (11,751,537) - - (11,751,537) Total (11,751,537) (560,016) - (12,311,553)

At 30 April 2019 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 47,235,040 - - 47,235,040 Forward contracts - 202,401 - 202,401 Futures contracts 2,870 - - 2,870 Total 47,237,910 202,401 - 47,440,311 Financial liabilities at fair value through profit or loss: Forward contracts - (148,947) - (148,947) Futures contracts (1,861,597) - - (1,861,597) Options contracts (65,828) - - (65,828) Total (1,927,425) (148,947) - (2,076,372)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

4. FINANCIAL RISK MANAGEMENT (continued)

LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND

At 30 April 2020 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 156,292,076 - - 156,292,076 Forward contracts - 60,487 - 60,487 Total 156,292,076 60,487 - 156,352,563 Financial liabilities at fair value through profit or loss: Forward contracts - (371,614) - (371,614) Total - (371,614) - (371,614)

At 30 April 2019 (in USD) Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss: Equity investments 73,695,406 - - 73,695,406 Forward contracts - 258,637 - 258,637 Total 73,695,406 258,637 - 73,954,043

There was no transfer between levels during the year (2019: none).

For the remaining assets and liabilities which are carried at amortized cost; their carrying values are a reasonable approximation of fair value (2019: same). This includes cash and cash equivalents, receivable and payable for investments sold and purchased, subscriptions receivable, redemptions payable, other receivables, various expenses payable and other liabilities.

5. CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS IN APPLYING ACCOUNTING POLICIES

The Company makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. Estimates are continually evaluated and based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Functional currency The Board of Directors considers the Euro the currency that most faithfully represents the economic effect of the underlying transactions, events and conditions at the level of the Company. Although some sub-funds’ functional currencies may be different to the Euro, the Euro is the currency in which the Company measures its overall performance and reports its results, as well as the currency of its underlying investments. This determination also considers the competitive environment in which the Company is compared to other global investment products.

The functional currency of LGT Sustainable Bond Global Hedged Sub-Fund, LGT Sustainable Quality Equity Hedged Sub-Fund, LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub-Fund, LGT Sustainable Equity Market Neutral Sub-Fund and LGT Crown Liquid Private Equity Opportunities Sub-Fund is the US Dollar as the shares in these sub-funds are predominantly issued in US Dollar and therefore represents the primary economic environment in which they operate.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

6. FEES AND EXPENSES

6.1 Management fee The Company pays to the Manager a fee at the annual rate up to the following percentages of the relevant sub-fund’s net asset value which is accrued at each valuation date and paid monthly in arrears (2019: same rates):

LGT LGT LGT LGT Sustainable Sustainable LGT Crown listed Bond EMMA Equity Equity Sustainable Share Private LC Global Europe Bond Global Class Equity Sub-Fund Sub-Fund Sub-Fund Sub-Fund A 1.00% NMF* NMF* NMF* NMF* B 1.50% NMF* NMF* NMF* NMF* C 1.00% 0.70% 0.70% 0.45% D 1.50% E NMF* 0.70% F 0.55% 0.70% G H J O NMF*

LGT LGT LGT Sustainable LGT LGT Sustainable LGT Sustainable Quality Bond EM Sustainable Equity Crown Bond Global Equity Credit Bond Market Private Equity Share Hedged Hedged Opportunities Corporates Neutral Opportunities Class Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund A NMF* NMF* NMF* NMF* NMF* B NMF* NMF* 0.55% 0.35% 0.80% C 0.70% 0.80% D E 1.20% F 1.20% G 1.20% H 1.10% 0.70% J NMF* NMF* O NMF*

* “NMF” denotes no management fee.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

6. FEES AND EXPENSES (continued)

6.2 Administration fee The Administrator is RBC Investor Services Ireland Limited (the “Administrator”). The administration fee covers both administration and transfer agency services. The Company pays the Administrator out of the assets of each sub-fund the following fees:

In respect of all daily dealing sub-funds:

(a) The Administrator, in relation to the provision of its core service as fund administrator is entitled to a fee payable out of the assets of the sub-fund, accruing daily or weekly, depending on the dealing frequency of the sub-fund and payable monthly in arrears at the end of each calendar month at a rate not exceeding 0.0225% of the Net Asset Value of the sub-fund, subject to a minimum annual fee for the sub-fund, exclusive of out-of pocket expenses and transaction fees, not exceeding USD 20,000 per annum, per sub-fund up to two classes. An additional annual fees of USD 1,000 will apply per each additional class. (b) The sub-fund shall also be subject to fund tax, year-end support, transfer agency maintenance and transaction charges, which shall not exceed normal commercial rates. (c) The Administrator shall also be entitled to reimbursement of all reasonable out-of-pocket expenses incurred for the benefit of the Sub-Fund. (d) Fees are exclusive of VAT, if any. The Administrator is also entitled to charge to the sub-fund all agreed fees and transaction charges, at normal commercial rates, together with all reasonable and properly vouched out-of-pocket expenses (plus any applicable taxes), it incurs on behalf of the sub-fund in the performance of its duties under the Administration Agreement, which shall be payable quarterly in arrears.

The exact rates based on the NAV are as follows:

For RBC Investor Services Ireland Limited First USD 100 million of net asset value: 2.25 basis points p.a. Next USD 150 million of net asset value: 1.75 basis points p.a. Next USD 250 million of net asset value: 1.25 basis points p.a. Thereafter: 1.00 basis points p.a.

6.3 Performance fee

No sub-fund is subject to performance fees.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

6. FEES AND EXPENSES (continued)

6.4 Depositary and trustee fees

In respect of all daily dealing sub-funds (all sub-funds except LGT Crown Listed Private Equity): (a) The Depositary shall be entitled to a fee payable out of the assets of the sub-fund accruing daily and payable monthly in arrears at the end of each calendar month at an annual rate not exceeding 0.015% of the Net Asset Value of the sub-fund, subject to a minimum annual fee for the sub-fund, exclusive of out-of pocket expenses, of USD 12,000 per annum, per sub-fund. (b) Safekeeping fees based on the Net Asset Value of the sub-fund may also be charged which shall vary from 0.03% to 0.80% subject to a minimum annual fee, exclusive of transaction charges and out-of-pocket expenses, of USD 3,300 per annum. (c) The sub-fund shall also be subject to transaction charges, which shall not exceed normal commercial rates. (d) The Depositary shall also be entitled to reimbursement of properly vouched out of pocket expenses incurred by the Depositary, or any sub-custodian, for the benefit of the sub-fund. (e) Fees are exclusive of VAT, if any. In addition, the Depositary is also entitled to charge to the sub- fund all agreed fees and transaction charges, at normal commercial rates, together with all reasonable and properly vouched out-of-pocket expenses (plus any applicable taxes), it incurs on behalf of the sub-fund in the performance of its duties under the Depositary Agreement, which shall be payable quarterly in arrears.

In respect of LGT Crown Listed Private Equity:

First USD 100 million of net asset value: 1.50 basis points p.a. Next USD 400 million of net asset value: 1.00 basis points p.a. Thereafter: 0.50 basis points p.a.

and subject to a minimum fee of USD 12,000 per annum. This fee accrues weekly and is payable monthly in arrears. In addition, a safekeeping fee will be charged that will vary by investment type, subject to a minimum fee of USD 3,300 per annum.

6.5 Operation fee The Manager is entitled to an Operation Fee for the management and administration of each sub-fund at the rate of max. 0.14% per annum (except (i) LGT Bond EMMA LC Sub-Fund: 0.17%, (ii) LGT Crown Listed Private Equity: none, and (iii) LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub-Fund and LGT Sustainable Equity Market Neutral Sub-Fund: 0.30%). This fee is calculated on the basis of the Net Asset Value per Class (before debiting the management and operation fee), as at each Valuation Day. The operation fee will be accrued on each Valuation Day and debited at the end of each month. This Operation Fee includes the manager fee, the fees of the Depositary and Administrator and the transaction fees.

6.6 Directors’ fees Director’s fees of EUR 5,000 were charged in respect of Kevin Mathews’ services during the year (2019: EUR 5,000).

6.7 Audit fees Audit fees relate to the Company’s statutory audit carried out by PricewaterhouseCoopers Dublin. The total audit fees incurred by the Company for the year was EUR 151,283 (2019: EUR 141,300). No other fees are paid to the statutory auditors. This fee is inclusive of out-of-pocket expenses.

6.8 Company secretarial and financial statement preparation fees LGT Fund Managers (Ireland) Limited is entitled to company secretarial and financial statement preparation fees of EUR 5,000 and EUR 3,000 (per sub-fund) per annum respectively. These fees are included in “Other expenses” in the Statement of Comprehensive Income.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

7. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS

As at 30 April 2020, the financial assets and liabilities at fair value through profit or loss for each sub- fund by category of investment were as follows:

LGT LGT LGT LGT LGT Sustainable LGT Bond Sustainable Sustainable Sustainable Bond Global Crown Listed EMMA LC Equity Global Equity Europe Bond Global Hedged Private Equity Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund (in EUR) (in EUR) (in EUR) (in EUR) (in EUR) (in USD) Financial assets designated at fair value through profit or loss: - Equity investments 391,851,477 - 765,018,452 113,013,463 - - - Collective investment schemes - - - - 8,921,211 10,147,706 - Government bonds - 157,595,642 - - 84,115,985 42,905,806 - Corporate bonds - 3,178,037 - - 130,985,818 49,337,849 - Forward currency contracts - 527,674 3,320,608 28,579 2,410,640 7,582 - Futures contracts - - - - 1,045,027 52,949 - Option contracts - 980,261 - - - - Total financial assets at fair value through profit or loss 391,851,477 162,281,614 768,339,060 113,042,042 227,478,681 102,451,892

Financial liabilities designated at fair value through profit or loss - Forward currency contracts - (955,294) (983,250) (282,812) (1,536,473) (561,039) - Futures positions - - - - (455,853) (320,216) - Option contracts - (380,988) - - - - Total financial liabilities at fair value through profit or loss - (1,336,282) (983,250) (282,812) (1,992,326) (881,255)

LGT LGT LGT LGT LGT Sustainable Bond EM Sustainable Sustainable Crown Liquid Quality Equity Credit Bond Equity Market Private Equity As at Hedged Opportunities Corporates Neutral Opportunities 30 April Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2020 (in USD) (in USD) (in USD) (in USD) (in USD) (in EUR) Financial assets designated at fair value through profit or loss: - Equity investments 791,290,252 - - 103,022,437 156,292,076 2,229,077,006 - Collective investment schemes - - 791,427 - - 18,908,551 - Government bonds - 1,807,331 709,249 - - 283,181,896 - Corporate bonds - 53,358,994 69,189,799 - - 291,094,962 - Forward currency contracts - 49,438 192,677 165,977 60,487 6,722,232 - Futures contracts - - 9,375 - - 1,101,928 - Option contracts - - - - - 980,261 Total financial assets at fair value through profit or loss 791,290,252 55,215,763 70,892,527 103,188,414 156,352,563 2,831,066,836

Financial liabilities designated at fair value through profit or loss - Forward currency contracts (2,068,748) (34,917) (398,110) (560,016) (371,614) (7,404,724) - Futures positions - - - (11,751,537) - (11,477,265) - Option contracts - - - - - (380,988) Total financial liabilities at fair value through profit or loss (2,068,748) (34,917) (398,110) (12,311,553) (371,614) (19,262,977)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

7. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (continued)

As at 30 April 2019, the financial assets and liabilities at fair value through profit or loss for each sub- fund by category of investment were as follows:

LGT LGT LGT LGT LGT Sustainable LGT Bond Sustainable Sustainable Sustainable Bond Global Crown Listed EMMA LC Equity Global Equity Europe Bond Global Hedged Private Equity Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund (in EUR) (in EUR) (in EUR) (in EUR) (in EUR) (in USD) Financial assets designated at fair value through profit or loss: - Equity investments 408,200,209 - 647,582,768 133,669,346 - - - Collective investment schemes - - - - 7,209,273 4,273,520 - Government bonds - 237,773,685 - - 12,201,335 40,293,221 - Corporate bonds - 20,969,966 - - 121,036,728 28,342,542 - Forward currency contracts - 870,766 303,077 297,753 583,251 303,188 - Futures contracts - - - - 203,577 13,803 - Option contracts - 313,707 - - - - Total financial assets at fair value through profit or loss 408,200,209 259,928,124 647,885,845 133,967,099 141,234,164 73,226,274

Financial liabilities designated at fair value through profit or loss - Forward currency contracts - (4,323,425) (408,892) (403,446) (165,818) - - Futures positions - - - - (171,600) (134,107) - Option contracts - (515,504) (1,942,010) - - - Total financial liabilities at fair value through profit or loss - (4,838,929) (2,350,902) (403,446) (337,418) (134,107)

LGT LGT LGT LGT LGT Sustainable Bond EM Sustainable Sustainable Crown Liquid Quality Equity Credit Bond Equity Market Private Equity As at Hedged Opportunities Corporates Neutral Opportunities 30 April Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund 2019 (in USD) (in USD) (in USD) (in USD) (in USD) (in EUR) Financial assets designated at fair value through profit or loss: - Equity investments 572,469,988 - - 47,235,040 73,695,406 1,808,173,153 - Collective investment schemes - 119,442 620,967 - - 11,683,199 - Government bonds - 2,325,299 - - - 288,003,502 - Corporate bonds - 58,397,398 19,046,952 - - 236,400,280 - Forward currency contracts 1,260,223 133,909 357,604 202,401 258,637 4,299,839 - Futures contracts - - 10,188 2,870 - 227,545 - Option contracts - - - - - 313,707 Total financial assets at fair value through profit or loss 573,730,211 60,976,048 20,035,711 47,440,311 73,954,043 2,349,101,225

Financial liabilities designated at fair value through profit or loss - Forward currency contracts (129,590) (158,301) (148,921) (148,947) - (5,824,253) - Futures positions - - - (1,861,597) - (2,516,252) - Option contracts - - - (65,828) - (1,952,366) Total financial liabilities at fair value through profit or loss (129,590) (158,301) (148,921) (2,076,372) - (10,292,871)

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

7. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (continued)

Details of derivative instruments held at 30 April 2020 are included in the portfolio of investments. The Company holds the following financial derivative instruments:

(a) Futures

Futures are contractual obligations to buy or sell financial instruments on a future date at a specified price established in an organized market. The futures contracts are collateralized by cash or marketable securities; changes in the futures contracts’ value are settled daily with the exchange. Interest rate futures are contractual obligations to receive or pay a net amount based on changes in interest rates at a future date at a specified price, established in an organized financial market.

Investment in such derivative financial instruments is a primary feature of the Company and is used for direct investment and for the purposes of asset allocation, taking views on the pricing of assets (whether overpriced or underpriced) or likely direction of markets, currency management, maintaining the required level of exposure, hedging, cash management and efficient investing.

(b) Forward currency contracts

A forward currency contract is an agreement between two parties to exchange two currencies at a given exchange rate at some point in the future, usually 30, 60, or 90 days hence. A forward currency contract mitigates foreign exchange risk for the parties and is most useful when both parties have operations or some other interest in a country using a given currency. Forward currency contracts are over-the-counter contracts.

Some of the share classes of the sub-funds are denominated in other currencies other than the Euro Dollar. The Directors currently instruct the Manager to hedge the Euro and USD equivalent exposure of these share classes in the relevant sub-fund. The Company utilizes a variety of financial instruments such as derivatives to hedge against changes in currency values which may affect the value of the relevant share classes and such transactions are clearly attributable to each relevant share class.

Options are the right to buy or sell a specific quantity of a specific asset at a fixed price at or before a specified future date. A sub-fund may invest in two forms of options: put or call options. Put options are contracts sold for a premium that gives one party (the buyer) the right, but not the obligation, to sell to the other party (the seller) of the contract, a specific quantity of a particular product or financial instrument at a specified price. Call options are similar contracts sold for a premium that gives the buyer the right, but not the obligation, to buy from the seller of the option. Options may also be cash settled. A sub-fund may be a seller or buyer of put and call options.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL

(a) Participating shares

The Company has authorized participating share capital of 1,000,000,000,000 shares of no par value initially designated as unclassified shares and 3 management shares of EUR 1 each. The unclassified shares are available for issue as shares. The issue price is payable in full upon acceptance. There are no rights of pre-emption attaching to the shares in the Company.

The issued redeemable participating share capital is at all times equal to the net asset value of the Company.

The right of holders of any shares to participate in the assets of the Company is limited to the assets (if any) of the sub-fund relating to such shares. If the realized net assets of any sub-fund are insufficient to pay any amounts due on the relevant shares in full in accordance with the relevant sub-fund supplement and the Articles, the relevant shareholders will have no further right of payment in respect of such shares or any claim against any other sub-fund or any other assets of the Company.

If a sub-fund has two or more classes of shares, the claims of the holders of such classes to the assets of the relevant sub-fund will, subject to the terms of the relevant sub-fund, rank pari passu with each other, and, on a winding-up of the Company, the holders of each such class will participate in the assets (if any) comprised in such sub-fund pro rata to the amount paid up on the shares of each such class. Each separate class relating to one sub-fund will have recourse only to the assets comprised within the relevant sub-fund. Consequently, if on the winding-up of the Company, the assets of a sub- fund (after payment of all fees, expenses and other liabilities (other than amounts owing to shareholders) which are to be borne by such sub-fund) are insufficient to pay the full repurchase proceeds payable in respect of all classes of shares relating to the relevant sub-fund, the proceeds of the relevant sub-fund will be distributed equally amongst each shareholder of the relevant sub-fund pro rata to the amount paid up on the shares held by each shareholder.

The Directors are given authority to effect the issue of shares and to create new classes of shares (in accordance with the requirements of the Central Bank of Ireland) and have absolute discretion to accept or reject in whole or in part any application for shares. Provided applications are received before the valuation point, the Directors may at their sole discretion accept a subscription application and/or subscription monies after the relevant dealing deadline. Issues of shares will normally be made with effect from a dealing day in respect of applications received on or prior to the dealing deadline. Dealing days and dealing deadlines relating to each sub-fund are specified in the relevant sub-fund supplement.

The Directors may temporarily suspend the calculation of the net asset value of a particular sub-fund or class and/or the issue, redemption and conversion of shares under certain instances detailed in the Prospectus. Where possible, all reasonable steps will be taken to bring any period of suspension to an end as soon as possible in a manner that is, in the opinion of the Directors, in the best interests of the shareholders of the particular sub-fund.

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL (continued)

As at 30 April 2020 the following shares were in issue:

LGT CROWN LISTED PRIVATE EQUITY Total redeemable Class A Class B Class C Class D Class O participating shares shares shares shares Shares shares 1 May 2018 66,876.17 196,779.17 17,000.00 52,377.62 1,031,665.71 1,364,698.67 Issued during the period 77,541.33 33,263.16 16,273.86 5,464.64 408,384.79 540,927.78 Redeemed during the period (15,194.84) (13,510.54) (21,419.09) (7,269.14) (35,683.68) (93,077.29) 30 April 2019 129,222.66 216,531.79 11,854.77 50,573.12 1,404,366.82 1,812,549.16

1 May 2019 129,222.66 216,531.79 11,854.77 50,573.12 1,404,366.82 1,812,549.16 Issued during the period 107,150.42 26,250.63 285.99 35,183.01 306,080.12 474,950.17 Redeemed during the period (131,845.75) (25,103.86) (10,000.00) (16,702.95) (134,608.13) (318,260.69) 30 April 2020 104,527.33 217,678.56 2,140.76 69,053.18 1,575,838.81 1,969,238.64

LGT BOND EMMA LC SUB-FUND Total redeemable Class A Class B Class E Class F participating shares shares shares shares shares 1 May 2018 258,530.90 46,791.00 20,563.00 30,000.00 355,884.90 Issued during the period 97,869.15 - 6,472.00 - 104,341.15 Redeemed during the period (178,156.61) (39,033.00) (8,225.00) - (225,414.61) 30 April 2019 178,243.44 7,758.00 18,810.00 30,000.00 234,811.44

1 May 2019 178,243.44 7,758.00 18,810.00 30,000.00 234,811.44 Issued during the period 27,088.00 3,000.00 16,254.00 - 46,342.00 Redeemed during the period (94,423.00) (4,258.00) (12,734.00) - (111,415.00) 30 April 2020 110,908.44 6,500.00 22,330.00 30,000.00 169,738.44

LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND Total redeemable Class A Class B Class C Class E Class F participating shares shares shares shares Shares shares 1 May 2018 158,872.71 15,490.00 - 3,275.92 396,616.79 574,255.42 Issued during the period 48,184.15 1,200.00 - 38,265.24 - 87,649.39 Redeemed during the period (20,154.94) (1,950.00) - (635.54) (396,616.79) (419,357.27) 30 April 2019 186,901.92 14,740.00 - 40,905.62 - 242,547.54

1 May 2019 186,901.92 14,740.00 - 40,905.62 - 242,547.54 Issued during the period 56,394.87 2,560.00 51,183.40 24,502.17 - 134,640.44 Redeemed during the period (29,918.00) (17,300.00) (19,583.41) (958.16) - (67,759.57) 30 April 2020 213,378.79 - 31,599.99 64,449.63 - 309,428.41

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL (continued)

LGT SUSTAINABLE EQUITY EUROPE SUB-FUND Total redeemable Class A Class B Class C participating shares Shares Shares shares 1 May 2018 68,927.35 17,700.00 27,227.29 113,854.64 Issued during the period 5,298.09 1,400.00 17,739.05 24,437.14 Redeemed during the period (20,506.17) (2,950.00) (2,614.99) (26,071.16) 30 April 2019 53,719.27 16,150.00 42,351.35 112,220.62

1 May 2019 53,719.27 16,150.00 42,351.35 112,220.62 Issued during the period 25,079.00 - 1,868.64 26,947.64 Redeemed during the period (27,735.40) (1,000.00) (11,734.99) (40,470.39) 30 April 2020 51,062.87 15,150.00 32,485.00 98,697.87

LGT SUSTAINABLE BOND GLOBAL SUB-FUND Total redeemable Class A Class B Class C participating shares Shares Shares shares 1 May 2018 59,790.67 7,500.00 18,198.60 85,489.27 Issued during the period 10,725.80 - 18,918.08 29,643.88 Redeemed during the period (4,781.00) - (356.25) (5,137.25) 30 April 2019 65,735.47 7,500.00 36,760.43 109,995.90

1 May 2019 65,735.47 7,500.00 36,760.43 109,995.90 Issued during the period 13,330.07 60,400.00 32,064.25 105,794.32 Redeemed during the period (18,182.00) (6,500.00) (10,187.62) (34,869.62) 30 April 2020 60,883.54 61,400.00 58,637.06 180,920.60

LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND Total redeemable Class A Class B participating shares shares shares 1 May 2018 65,975.13 - 65,975.13 Issued during the period 9,121.00 - 9,121.00 Redeemed during the period (15,230.00) - (15,230.00) 30 April 2019 59,866.13 - 59,866.13

1 May 2019 59,866.13 - 59,866.13 Issued during the period 26,384.00 17,000.00 43,384.00 Redeemed during the period (21,113.00) - (21,113.00) 30 April 2020 65,137.13 17,000.00 82,137.13

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL (continued)

LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND Total redeemable Class A Class B Class C participating shares shares shares shares 1 May 2018 173,791.36 126,021.63 - 299,812.99 Issued during the period 26,322.52 77,258.07 - 103,580.59 Redeemed during the period (38,260.07) (26,824.37) - (65,084.44) 30 April 2019 161,853.81 176,455.33 - 338,309.14

1 May 2019 161,853.81 176,455.33 - 338,309.14 Issued during the period 129,466.60 38,640.98 17,310.91 185,418.49 Redeemed during the period (50,284.84) (9,182.71) (3,647.36) (63,114.91) 30 April 2020 241,035.57 205,913.60 13,663.55 460,612.72

LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND Total redeemable Class A Class B Class H Class J participating shares shares shares shares shares 1 May 2018 38,568.00 1,000.00 25.00 7,308.00 46,901.00 Issued during the period 17,753.00 - 3,192.06 7,995.00 28,940.06 Redeemed during the period (15,924.00) - (25.00) (1,432.00) (17,381.00) 30 April 2019 40,397.00 1,000.00 3,192.06 13,871.00 58,460.06

1 May 2019 40,397.00 1,000.00 3,192.06 13,871.00 58,460.06 Issued during the period 18,161.00 - 410.09 5,283.19 23,854.28 Redeemed during the period (15,425.00) - (2,335.07) (7,258.00) (25,018.07) 30 April 2020 43,133.00 1,000.00 1,267.08 11,896.19 57,296.27

LGT SUSTAINABLE BOND CORPORATES SUB-FUND Total redeemable Class A Class B Class H Class J participating shares shares shares shares shares 1 May 2018 16,968.00 1,000.00 275.00 6,524.00 24,767.00 Issued during the period 2,557.00 - 114.42 5,636.00 8,307.42 Redeemed during the period (10,412.00) (1,000.00) - (2,105.00) (13,517.00) 30 April 2019 9,113.00 - 389.42 10,055.00 19,557.42

1 May 2019 9,113.00 - 389.42 10,055.00 19,557.42 Issued during the period 47,519.00 - - 3,117.00 50,636.00 Redeemed during the period (1,234.00) - - (3,734.00) (4,968.00) 30 April 2020 55,398.00 - 389.42 9,438.00 65,225.42

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL (continued)

LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND Class A Class B Class C Class E Class F shares shares shares shares shares 1 May 2018 24,817.23 - 5,000.00 950.00 267.83 Issued during the period 13,818.00 - 1,626.37 1,510.00 2,076.41 Redeemed during the period (848.00) - - (1,725.00) (43.09) 30 April 2019 37,787.23 - 6,626.37 735.00 2,301.15

1 May 2019 37,787.23 - 6,626.37 735.00 2,301.15 Issued during the period 37,158.01 9,515.00 23,831.00 380.00 624.00 Redeemed during the period (15,295.00) (55.00) - (100.00) (1,389.74) 30 April 2020 59,650.24 9,460.00 30,457.37 1,015.00 1,535.41

Total redeemable Class G participating Shares shares 1 May 2018 148.00 31,183.06 Issued during the period 308.00 19,338.78 Redeemed during the period - (2,616.09) 30 April 2019 456.00 47,905.75

1 May 2019 456.00 47,905.75 Issued during the period 102.00 71,610.01 Redeemed during the period (100.00) (16,939.74) 30 April 2020 458.00 102,576.02

LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND Total redeemable Class A participating shares shares 1 May 2018 - - Issued during the period 642,291.07 642,291.07 Redeemed during the period - - 30 April 2019 642,291.07 642,291.07

1 May 2019 642,291.07 642,291.07 Issued during the period 736,929.10 736,929.10 Redeemed during the period (20,410.00) (20,410.00) 30 April 2020 1,358,810.17 1,358,810.17

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL (continued)

(b) Management shares

Management shares issued by the Company amount to EUR 3, being three management shares of EUR 1 each. The management shares do not form part of the net asset value of the Company and are thus disclosed in the financial statements by way of this note only. In the opinion of the Board of Directors, this disclosure reflects the nature of the Company’s business as an investment fund.

The 3 management shares were held by LGT Fund Managers (Ireland) Limited, LGT Bank AG, Dublin Branch and LGT Capital Partners (Ireland) Limited as at 30 April 2020 and 2019.

The following table displays the significant investors that hold 10% or more of the issued share capital of the relevant sub-fund.

% of issued Significant Investors share capital of At 30 April 2020 Shares held sub-fund LGT Crown Listed Private Investor reference: LBD0000001 (Class B) 209,644.04 10.65 Equity Sub-Fund Investor reference: LBD0000001 (Class O) 1,571,134.81 79.78 Investor reference: LBD0000001 (Class A) 110,908.44 65.34 LGT Bond EMMA LC Investor reference: LBD0000001 (Class E) 22,330.00 13.16 Sub-Fund Investor reference: PCN0000037 (Class F) 30,000.00 17.67 LGT Sustainable Equity Global Sub-Fund Investor reference: LBD0000001 (Class A) 213,378.79 68.96

Investor reference: LBD0000001 (Class A) 51,062.87 51.74 LGT Sustainable Equity Investor reference: LBD0000001 (Class B) 15,150.00 15.35 Europe Sub-Fund Investor reference: BQS0000004 (Class C) 32,485.00 32.91 Investor reference: LBD0000001 (Class A) 60,883.54 33.65 LGT Sustainable Investor reference: LBD0000001 (Class B) 61,400.00 33.94 Bond Global Sub-Fund Investor reference: CFU0027866 (Class C) 32,215.00 17.81 LGT Sustainable Bond Investor reference: LBD0000001 (Class A) 65,137.13 79.30 Global Hedged Sub-Fund Investor reference: LBD0000001 (Class B) 17,000.00 20.70 LGT Sustainable Quality Investor reference: LBD0000001 (Class A) 241,035.57 52.33 Equity Hedged Sub-Fund Investor reference: LBD0000001 (Class B) 205,913.60 44.70 LGT Bond EM Credit Investor reference: LBD0000001 (Class A) 43,133.00 75.28 Opportunities Sub-Fund Investor reference: LBD0000001 (Class J) 11,896.19 20.76

LGT Sustainable Bond Investor reference: LBD0000001 (Class A) 47,698.00 73.13 Corporates Sub-Fund Investor reference: FUO0001538 (Class A) 7,700.00 11.81 Investor reference: LBD0000001 (Class J) 9,438.00 14.47 LGT Sustainable Equity Investor reference: LBD0000001 (Class A) 59,650.24 58.15 Market Neutral Sub-Fund Investor reference: BQS0000004 (Class C) 23,831.00 23.23 LGT Crown Liquid Private Equity Opportunities Sub-Fund Investor reference: LBD0000001 (Class O) 1,358,810.17 100.00

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

8. SHARE CAPITAL (continued)

% of issued Significant Investors share capital of At 30 April 2019 Shares held sub-fund LGT Crown Listed Private Equity Investor reference: LBD0000001 (Class B) 212,440.22 11.72 Sub-Fund Investor reference: LBD0000001 (Class O) 1,400,216.82 77.25 LGT Bond EMMA LC Investor reference: LBD0000001 (Class A) 178,243.44 75.91 Sub-Fund Investor reference: PCN0000037 (Class F) 30,000.00 12.78 LGT Sustainable Equity Global Sub-Fund Investor reference: LBD0000001 (Class A) 186,901.92 77.06 LGT Sustainable Investor reference: LBD0000001 (Class A) 53,719.27 47.87 Equity Europe Investor reference: LBD0000001 (Class B) 16,150.00 14.39 Sub-Fund Investor reference: BQS0000004 (Class C) 33,851.35 30.17 LGT Sustainable Bond Global Investor reference: LBD0000001 (Class A) 65,735.47 59.76 Sub-Fund Investor reference: CFU0027866 (Class C) 28,090.00 25.54 LGT Sustainable Bond Global Hedged Sub-Fund Investor reference: LBD0000001 (Class A) 59,866.13 100.00 LGT Sustainable Quality Equity Hedged Investor reference: LBD0000001 (Class A) 161,853.81 47.84 Sub-Fund Investor reference: LBD0000001 (Class B) 176,455.33 52.16 LGT Bond EM Credit Opportunities Investor reference: LBD0000001 (Class A) 40,397.00 69.10 Sub-Fund Investor reference: LBD0000001 (Class J) 13,871.00 23.73 LGT Sustainable Bond Corporates Investor reference: LBD0000001 (Class A) 9,113.00 46.60 Sub-Fund Investor reference: LBD0000001 (Class J) 10,055.00 51.41 LGT Sustainable Investor reference: LBD0000001 (Class A) 37,787.23 78.88 Equity Market Neutral Sub-Fund Investor reference: LBD0000001 (Class C) 6,626.37 13.83 LGT Crown Liquid Private Equity Opportunities Sub-Fund Investor reference: LBD0000001 (Class O) 642,291.07 100.00

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

9. CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in hand, with all deposits held at the Depositary. Cash and cash equivalents are recorded at nominal value. As at 30 April 2020, the Company had cash and cash equivalents balances with the following financial institutions: LGT LGT LGT LGT LGT LGT Sustainable Crown Listed Bond Sustainable Sustainable Sustainable Bond Global Private EMMA LC Equity Global Equity Europe Bond Global Hedged Equity Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund Financial Institution (in EUR) (in EUR) (in EUR) (in EUR) (in EUR) (in USD) RBC Investor Services Bank S.A., Dublin Branch 25,807,474 4,042,967 29,728,701 2,733,222 4,469,486 4,762,531 LGT Bank AG - 120,808 48,120 - 5,906,701 819,923 Total cash and cash equivalents 25,807,474 4,163,775 29,776,821 2,733,222 10,376,187 5,582,454

LGT Sustainable LGT LGT LGT LGT Quality Bond EM Sustainable Sustainable Crown Liquid Equity Credit Bond Equity Market Private Equity As at Hedged Opportunities Corporates Neutral Opportunities 30 April Sub-Fund Sub-Fund Sub-Fund LGT Sub-Fund Sub-Fund 2020 Financial Institution (in USD) (in USD) (in USD)) (in USD) (in USD) (in EUR) RBC Investor Services Bank S.A., Dublin Branch 14,486,915 1,669,523 2,729,764 562,264 3,920,492 92,465,671 LGT Bank AG - 76,240 354,323 20,321,184 - 25,770,388 Total cash and cash equivalents 14,486,915 1,745,763 3,084,087 20,883,448 3,920,492 118,236,059

As at 30 April 2019, the Company had cash and cash equivalents balances with the following financial institutions: LGT LGT LGT LGT LGT LGT Sustainable Crown Listed Bond Sustainable Sustainable Sustainable Bond Global Private EMMA LC Equity Global Equity Europe Bond Global Hedged Equity Sub-Fund Sub-Fund Sub-Fund Sub-Fund Sub-Fund Financial Institution (in EUR) (in EUR) (in EUR) (in EUR) (in EUR) (in USD) RBC Investor Services Bank S.A., Dublin Branch 15,864,786 5,409,423 16,788,426 6,578,034 10,538,008 2,813,478 LGT Bank AG - - 6,246,124 - 28,486 (23,123) Total cash and cash equivalents 15,864,786 5,409,423 23,034,550 6,578,034 10,566,494 2,790,355

LGT Sustainable LGT LGT LGT LGT Quality Bond EM Sustainable Sustainable Crown Liquid Equity Credit Bond Equity Market Private Equity As at Hedged Opportunities Corporates Neutral Opportunities 30 April Sub-Fund Sub-Fund Sub-Fund LGT Sub-Fund Sub-Fund 2019 Financial Institution (in USD) (in USD) (in USD)) (in USD) (in USD) (in EUR) RBC Investor Services Bank S.A., Dublin Branch 4,901,147 371,539 1,654,837 1,378,851 329,182 61,964,513 LGT Bank AG - (4,456) (7,628) (162,079) - 9,528,703 Total cash and cash equivalents 4,901,147 367,083 1,647,209 1,216,772 329,182 71,493,216

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

10. MARGIN CASH

Margin cash represents margin deposits held in respect of open exchange-traded futures contracts. The margin cash, if any, for futures contracts is held with LGT Bank AG who may, but not at present, request deposit for variation margin for open futures positions. Margin cash, if requested and deposited is recorded at nominal value and is shown separately on the Balance Sheet.

11. RELATED PARTY TRANSACTIONS

Parties are considered to be related if one party has the ability to control the other party or exercise considerable influence over the other party in making financial or operating decisions. In the opinion of the Board of Directors, LGT Capital Partners Limited, LGT Capital Partners (Ireland) Limited, LGT Fund Managers (Ireland) Limited and LGT Bank AG, Dublin Branch are related parties under IAS 24 “Related Party Disclosures”.

Certain directors are or have been directors of LGT Capital Partners Limited, LGT Capital Partners (Ireland) Limited, and LGT Fund Managers (Ireland) Limited during the period as detailed in the Directors Report. Director’s fees of EUR 5,000 were charged in respect of Kevin Mathews’ services during the year (2019: EUR 5,000).

Details of cash held with LGT Bank AG at 30 April 2020 and 2019 can be found in Note 9.

The three management shares were held by LGT Fund Managers (Ireland) Limited, LGT Bank AG, Dublin Branch and LGT Capital Partners (Ireland) Limited as at 30 April 2020 and 2019.

The following participating shares were held by related parties of the Company as at 30 April 2020:

LGT CROWN LISTED PRIVATE EQUITY Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 65,686.70 104,527.33 62.84 Class B: LGT Bank AG 209,644.04 217,678.56 96.31 Class C: LGT Bank AG 1,854.77 2,140.76 86.64 Class D: LGT Bank AG 54,697.83 69,053.18 79.21 Class O: LGT Bank AG 1,571,134.81 1,575,838.81 99.70

2019 Class A: LGT Bank AG 111,621.10 129,222.66 86.38 Class B: LGT Bank AG 212,440.22 216,531.79 98.11 Class C: LGT Bank AG 1,854.77 11,854.77 15.65 Class D: LGT Bank AG 37,273.12 50,573.12 73.70 Class O: LGT Bank AG 1,400,216.82 1,404,366.82 99.70

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

11. RELATED PARTY TRANSACTIONS (continued)

LGT BOND EMMA LC SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank LTD 110,908.44 110,908.44 100.00 Class B: LGT Bank LTD 6,500.00 6,500.00 100.00 Class E: LGT Bank LTD 22,330.00 22,330.00 100.00

2019 Class A: LGT Bank LTD 178,243.44 178,243.44 100.00 Class B: LGT Bank LTD 7,758.00 7,758.00 100.00 Class E: LGT Bank LTD 18,810.00 18,810.00 100.00

LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 213,378.79 213,378.79 100.00

2019 Class A: LGT Bank AG 186,901.92 186,901.92 100.00 Class B: LGT Bank AG 14,740.00 14,740.00 100.00

LGT SUSTAINABLE EQUITY EUROPE SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 51,062.87 51,062.87 100.00 Class B: LGT Bank AG 15,150.00 15,150.00 100.00

2019 Class A: LGT Bank AG 53,719.27 53,719.27 100.00 Class B: LGT Bank AG 16,150.00 16,150.00 100.00

LGT SUSTAINABLE BOND GLOBAL SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 60,883.54 60,883.54 100.00 Class B: LGT Bank AG 61,400.00 61,400.00 100.00

2019 Class A: LGT Bank AG 65,735.47 65,735.47 100.00 Class B: LGT Bank AG 7,500.00 7,500.00 100.00

LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 65,137.13 65,137.13 100.00 Class B: LGT Bank AG 17,000.00 17,000.00 100.00

2019 Class A: LGT Bank AG 59,866.13 59,866.13 100.00

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

11. RELATED PARTY TRANSACTIONS (continued)

LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 241,035.57 241,035.57 100.00 Class B: LGT Bank AG 205,913.60 205,913.60 100.00

2019 Class A: LGT Bank AG 161,853.81 161,853.81 100.00 Class B: LGT Bank AG 176,455.33 176,455.33 100.00

LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 43,133.00 43,133.00 100.00 Class B: LGT Bank AG 1,000.00 1,000.00 100.00 Class H: LGT Bank AG 1,267.08 1,267.08 100.00 Class J: LGT Bank AG 11,896.19 11,896.19 100.00

2019 Class A: LGT Bank AG 40,397.00 40,397.00 100.00 Class B: LGT Bank AG 1,000.00 1,000.00 100.00 Class H: LGT Bank AG 3,192.06 3,192.06 100.00 Class J: LGT Bank AG 13,871.00 13,871.00 100.00

LGT SUSTAINABLE BOND CORPORATES SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 47,698.00 55,398.00 86.10 Class H: LGT Bank AG 389.42 389.42 100.00 Class J: LGT Bank AG 9,438.00 9,438.00 100.00

2019 Class A: LGT Bank AG 9,113.00 9,113.00 100.00 Class H: LGT Bank AG 389.42 389.42 100.00 Class J: LGT Bank AG 10,055.00 10,055.00 100.00

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

11. RELATED PARTY TRANSACTIONS (continued)

LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class A: LGT Bank AG 59,650.24 59,650.24 100.00 Class C: LGT Bank AG 6,626.37 30,457.37 21.76 Class E: LGT Bank AG 1,015.00 1,015.00 100.00 Class F: LGT Bank AG 1,535.41 1,535.41 100.00 Class G: LGT Bank AG 356.00 458.00 77.73

2019 Class A: LGT Bank AG 37,787.23 37,787.23 100.00 Class C: LGT Bank AG 6,626.37 6,626.37 100.00 Class E: LGT Bank AG 735.00 735.00 100.00 Class F: LGT Bank AG 2,301.15 2,301.15 100.00 Class G: LGT Bank AG 456.00 456.00 100.00

LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND Number of Total shares in % Investor name shares share class holding 2020 Class O: LGT Bank AG 1,358,810.17 1,358,810.17 100.00

2019 Class O: LGT Bank AG 642,291.07 642,291.07 100.00

Schedule of related party transactions Management fees are detailed in Note 6. All expenses and amounts payable by sub-fund are shown in the Statement of Comprehensive Income and Balance Sheet.

LGT Fund Managers (Ireland) Limited receives fees from the Company in relation to financial statement preparation and company secretarial services, as detailed in Note 6.8. Total fees incurred during the year and payable at the year end amounted to EUR 38,000 (2019: EUR 38,000).

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

11. RELATED PARTY TRANSACTIONS (continued)

The following tables outline other related party transactions which occurred during the year:

Related party/ For the For the Relationship/ year ended year ended Agreement (s) Transaction 30 April 30 April Direct/indirect type 2020 2019 EUR EUR

LGT Crown Listed Private Equity - - LGT Capital LGT Bond Emma LC Sub-Fund 234,478 274,298 Partners LGT Sustainable Equity Global Sub-Fund 72,047 75,388 (Ireland) LGT Sustainable Equity Europe Sub-Fund 46,783 19,994 Limited/ LGT Sustainable Bond Global Sub-Fund 130,521 27,947 Receivable Common LGT Sustainable Bond Global Hedged Sub-Fund* 37,797 29,021 from Directorships LGT Sustainable Quality Equity Hedged Sub-Fund* 77,770 33,199 Manager** Investment LGT Bond EM Credit Opportunities Sub-Fund* 57,562 13,926 Management LGT Sustainable Bond Corporates Sub-Fund* 45,268 18,161 Agreement/ LGT Sustainable Equity Market Neutral Sub-Fund* 39,730 53,269 Direct LGT Crown Liquid Private Equity Opportunities Sub-Fund* - 5,278 Total 741,956 550,481 * Amounts translated from USD to Euro for purposes of Note disclosure. **The Manager is entitled to an Operation Fee for the management and administration of each sub-fund at the rate of max. 0.14% per annum (except (i) LGT Bond EMMA LC Sub-Fund: 0.17%, (ii) LGT Crown Listed Private Equity: none, and (iii) LGT Bond EM Credit Opportunities Sub-Fund, LGT Sustainable Bond Corporates Sub- Fund and LGT Sustainable Equity Market Neutral Sub-Fund: 0.30%). The operation fee includes the manager fee, the fees of the Depositary and Administrator and transaction fees. If such fees charged to the sub-fund are over the maximum rate the Manager reimburses the sub-fund the difference.

Details of purchases and sales in related party underlying investments are as follows:

Purchases Sales Number Number of of shares Cost shares Proceeds For the year ended 30 April 2020

LGT Sustainable Bond Global Sub-Fund LGT BANK 0.375% 19-15.11.29 1,000,000 EUR 911,383 - -

LGT Sustainable Bond Global Hedged Sub-Fund LGT MULTI MAS P CORP BD SD/CAP 2,800 5,186,189 4,300 8,147,329 LGT BANK 0.375% 19-15.11.29 600,000 USD 579,039 - -

LGT Bond EM Credit Opportunities Sub-Fund LGT MM FD USD -IM- USD/CAP 5,250 5,519,705 5,365 4,803,278

For the year ended 30 April 2019

LGT Sustainable Bond Global Hedged Sub-Fund LGT MULTI MAS P CORP BD SD/CAP - - 3,100 USD 5,415,977

LGT Bond EM Credit Opportunities Sub-Fund LGT MM FD USD -IM- USD/CAP 6,250 USD 6,388,440 8,385 USD 8,585,359

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

12. NET ASSET VALUE PER SHARE

LGT Crown Listed Private Net Asset Shares in Net Asset Value Equity Sub-Fund Value Issue per Share As at 30 April 2020 Class A (EUR) Shares EUR 20,525,334 104,527.33 EUR 196.36 Class B (EUR) Shares EUR 41,129,396 217,678.56 EUR 188.95 Class C (USD) Shares USD 205,459 2,140.76 USD 95.97 Class D (USD) Shares USD 8,613,821 69,053.18 USD 124.74 Class O (EUR) Shares EUR 346,078,984 1,575,838.81 EUR 219.62

As at 30 April 2019 Class A (EUR) Shares EUR 28,395,984 129,222.66 EUR 219.74 Class B (EUR) Shares EUR 46,014,223 216,531.79 EUR 212.51 Class C (USD) Shares USD 1,303,042 11,854.77 USD 109.92 Class D (USD) Shares USD 7,259,809 50,573.12 USD 143.55 Class O (EUR) Shares EUR 341,700,479 1,404,366.82 EUR 243.31

As at 30 April 2018 Class A (EUR) Shares EUR 12,778,877 66,876.17 EUR 191.08 Class B (EUR) Shares EUR 36,544,654 196,779.17 EUR 185.71 Class C (USD) Shares USD 1,751,714 17,000.00 USD 103.04 Class D (USD) Shares USD 7,083,929 52,377.62 USD 135.25 Class O (EUR) Shares EUR 216,109,806 1,031,665.71 EUR 209.48

Net Asset Shares in Net Asset Value LGT Bond EMMA LC Sub-Fund Value Issue per Share As at 30 April 2020 Class A (EUR) Shares EUR 122,722,025 110,908.44 EUR 1,106.52 Class B (EUR) Shares EUR 6,194,572 6,500.00 EUR 953.01 Class E (USD) Shares USD 19,945,591 22,330.00 USD 893.22 Class F (USD) Shares USD 22,728,146 30,000.00 USD 757.61

As at 30 April 2019 Class A (EUR) Shares EUR 218,865,224 178,243.44 EUR 1,227.90 Class B (EUR) Shares EUR 7,583,318 7,758.00 EUR 977.48 Class E (USD) Shares USD 17,633,467 18,810.00 USD 937.45 Class F (USD) Shares USD 25,335,762 30,000.00 USD 844.53

As at 30 April 2018 Class A (EUR) Shares EUR 345,469,561 258,530.90 EUR 1,336.28 Class B (EUR) Shares EUR 46,098,252 46,791.00 EUR 985.19 Class E (USD) Shares USD 20,941,936 20,563.00 USD 1,018.43 Class F (USD) Shares USD 29,422,500 30,000.00 USD 980.75

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

12. NET ASSET VALUE PER SHARE (continued) Net Asset Shares in Net Asset Value LGT Sustainable Equity Global Sub-Fund Value Issue per Share As at 30 April 2020 Class A (EUR) Shares EUR 693,486,289 213,378.79 EUR 3,250.02 Class C (EUR) Shares EUR 32,719,682 31,599.99 EUR 1,035.43 Class E (USD) Shares USD 78,431,848 64,449.63 USD 1,216.94

As at 30 April 2019 Class A (EUR) Shares EUR 613,688,546 186,901.92 EUR 3,283.48 Class B (EUR) Shares EUR 17,421,386 14,740.00 EUR 1,181.91 Class E (USD) Shares USD 49,541,728 40,905.62 USD 1,211.12

As at 30 April 2018 Class A (EUR) Shares EUR 463,371,930 158,872.71 EUR 2,916.62 Class B (EUR) Shares EUR 15,636,573 15,490.00 EUR 1,009.46 Class E (USD) Shares USD 3,678,783 3,275.92 USD 1,122.98 Class F (SEK) Shares SEK 445,915,821 396,616.79 SEK 1,124.30

Net Asset Shares in Net Asset Value LGT Sustainable Equity Europe Sub-Fund Value Issue per Share As at 30 April 2020 Class A (EUR) Shares EUR 66,685,116 51,062.87 EUR 1,305.94 Class B (EUR) Shares EUR 14,964,627 15,150.00 EUR 987.76 Class C (EUR) Shares EUR 33,839,402 32,485.00 EUR 1,041.69

As at 30 April 2019 Class A (EUR) Shares EUR 75,438,939 53,719.27 EUR 1,404.32 Class B (EUR) Shares EUR 17,152,112 16,150.00 EUR 1,062.05 Class C (EUR) Shares EUR 47,773,225 42,351.35 EUR 1,128.02

As at 30 April 2018 Class A (EUR) Shares EUR 92,546,364 68,927.35 EUR 1,342.67 Class B (EUR) Shares EUR 17,973,918 17,700.00 EUR 1,015.48 Class C (EUR) Shares EUR 29,572,580 27,227.29 EUR 1,086.14

Net Asset Shares in Net Asset Value LGT Sustainable Bond Global Sub-Fund Value Issue per Share As at 30 April 2020 Class A (EUR) Shares EUR 101,776,482 60,883.54 EUR 1,671.66 Class B (EUR) Shares EUR 67,151,062 61,400.00 EUR 1,093.67 Class C (EUR) Shares EUR 65,608,765 58,637.06 EUR 1,118.90

As at 30 April 2019 Class A (EUR) Shares EUR 105,892,500 65,735.47 EUR 1,610.89 Class B (EUR) Shares EUR 7,715,538 7,500.00 EUR 1,028.74 Class C (EUR) Shares EUR 38,840,068 36,760.43 EUR 1,056.57

As at 30 April 2018 Class A (EUR) Shares EUR 90,609,448 59,790.67 EUR 1,515.44 Class B (EUR) Shares EUR 7,061,032 7,500.00 EUR 941.47 Class C (EUR) Shares EUR 17,682,294 18,198.60 EUR 971.63

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12. NET ASSET VALUE PER SHARE (continued)

LGT Sustainable Bond Global Hedged Net Asset Shares in Net Asset Value Sub-Fund Value Issue per Share As at 30 April 2020 Class A (USD) Shares USD 90,116,356 65,137.13 USD 1,383.49 Class B (USD) Shares USD 17,131,441 17,000.00 USD 1,007.73

As at 30 April 2019 Class A (USD) Shares USD 76,625,591 59,866.13 USD 1,279.95

As at 30 April 2018 Class A (USD) Shares USD 80,155,227 65,975.13 USD 1,214.93

LGT Sustainable Quality Equity Hedged Net Asset Shares in Net Asset Value Sub-Fund Value Issue per Share As at 30 April 2020 Class A (USD) Shares USD 502,931,749 241,035.57 USD 2,086.55 Class B (USD) Shares USD 289,133,114 205,913.60 USD 1,404.15 Class C (USD) Shares USD 12,596,270 13,663.55 USD 921.89

As at 30 April 2019 Class A (USD) Shares USD 344,225,747 161,853.81 USD 2,126.77 Class B (USD) Shares USD 234,741,056 176,455.33 USD 1,330.31

As at 30 April 2018 Class A (USD) Shares USD 325,511,691 173,791.36 USD 1,873.00 Class B (USD) Shares USD 141,146,641 126,021.63 USD 1,120.02

LGT Bond EM Credit Opportunities Net Asset Shares in Net Asset Value Sub-Fund Value Issue per Share As at 30 April 2020 Class A (USD) Shares USD 43,391,594 43,133.00 USD 1,006.00 Class B (USD) Shares USD 989,639 1,000.00 USD 989.64 Class H (USD) Shares USD 1,229,299 1,267.08 USD 970.18 Class J (EUR) Shares EUR 10,767,169 11,896.19 EUR 905.09

As at 30 April 2019 Class A (USD) Shares USD 43,432,960 40,397.00 USD 1,075.15 Class B (USD) Shares USD 1,063,381 1,000.00 USD 1,063.38 Class H (USD) Shares USD 3,348,954 3,192.06 USD 1,049.15 Class J (EUR) Shares EUR 13,865,819 13,871.00 EUR 999.63

As at 30 April 2018 Class A (USD) Shares USD 39,269,886 38,568.00 USD 1,018.20 Class B (USD) Shares USD 1,012,631 1,000.00 USD 1,012.63 Class H (USD) Shares USD 25,152 25.00 USD 1,006.09 Class J (EUR) Shares EUR 7,126,577 7,308.00 EUR 975.17

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12. NET ASSET VALUE PER SHARE (continued)

LGT Sustainable Bond Corporates Net Asset Shares in Net Asset Value Sub-Fund Value Issue per Share As at 30 April 2020 Class A (USD) Shares USD 61,590,143 55,398.00 USD 1,111.78 Class H (USD) Shares USD 422,361 389.42 USD 1,084.58 Class J (EUR) Shares EUR 9,565,033 9,438.00 EUR 1,013.46

As at 30 April 2019 Class A (USD) Shares USD 9,817,420 9,113.00 USD 1,077.30 Class H (USD) Shares USD 412,960 389.42 USD 1,060.44 Class J (EUR) Shares EUR 10,185,909 10,055.00 EUR 1,013.02

As at 30 April 2018 Class A (USD) Shares USD 17,294,025 16,968.00 USD 1,019.21 Class B (USD) Shares USD 1,015,670 1,000.00 USD 1,015.67 Class H (USD) Shares USD 278,138 275.00 USD 1,011.41 Class J (EUR) Shares EUR 6,437,447 6,524.00 EUR 986.73

LGT Sustainable Equity Market Neutral Net Asset Shares in Net Asset Value Sub-Fund Value Issue per Share As at 30 April 2020 Class A (USD) Shares USD 67,971,405 59,650.24 USD 1,139.50 Class B (USD) Shares USD 9,947,122 9,460.00 USD 1,051.49 Class C (EUR) Shares EUR 32,034,600 30,457.37 EUR 1,051.78 Class E (USD) Shares USD 1,116,450 1,015.00 USD 1,099.95 Class F (EUR) Shares EUR 1,568,584 1,535.41 EUR 1,021.60 Class G (CHF) Shares CHF 462,359 458.00 CHF 1,009.52

As at 30 April 2019 Class A (USD) Shares USD 39,843,592 37,787.23 USD 1,054.42 Class C (EUR) Shares EUR 6,689,022 6,626.37 EUR 1,009.46 Class E (USD) Shares USD 758,485 735.00 USD 1,031.95 Class F (EUR) Shares EUR 2,269,499 2,301.15 EUR 986.25 Class G (CHF) Shares CHF 446,411 456.00 CHF 978.97

As at 30 April 2018 Class A (USD) Shares USD 24,908,982 24,817.23 USD 1,003.70 Class C (EUR) Shares EUR 4,990,552 5,000.00 EUR 998.11 Class E (USD) Shares USD 945,887 950.00 USD 995.67 Class F (EUR) Shares EUR 262,552 267.83 EUR 980.30 Class G (CHF) Shares CHF 144,675 148.00 CHF 977.54

LGT Crown Liquid Private Equity Opportunities Sub-Fund Net Asset Shares in Net Asset Value Value Issue per Share As at 30 April 2020 Class O (USD) Shares USD 137,767,026 1,358,810.17 USD 101.39

As at 30 April 2019 Class O (USD) Shares USD 74,814,184 642,291.07 USD 116.48 102

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

13. SOFT COMMISSION ARRANGEMENTS

There were no soft commission arrangements affecting the Company during the year ended 30 April 2020 (2019: none).

14. EXCHANGE RATES

The period-end exchange rates to EUR used in the preparation of these financial statements are:

For the Euro denominated sub-funds (Euro exchange rate):

Year-end 30 April 30 April Year-end 30 April 30 April rates 2020 2019 rates 2020 2019 ARS - 49.3396 KRW 1,334.1048 1,309.2290 AUD 1.6730 1.5922 KZT 466.6809 426.7708 BRL 5.9292 4.4271 MXN 26.0792 21.3191 CAD 1.5213 1.5076 MYR 4.7098 4.6335 CHF 1.0571 1.1420 NOK 11.1934 9.6913 CLP 915.8027 761.8627 NZD 1.7753 - CNY 7.7242 7.5500 PEN 3.6975 3.7101 COP 4,295.2941 3,626.8608 PHP 55.2150 58.4033 CZK 27.0278 25.6471 PLN 4.5358 4.2902 DKK 7.4597 7.4657 RON 4.8279 4.7602 DOP 60.0493 56.7299 RUB 80.9953 72.3733 EGP - 19.2759 SEK 10.6981 10.6543 GBP 0.8684 0.8597 THB 35.4386 35.7788 HKD 8.4912 - TRY 7.6556 6.6900 HUF 351.4452 323.8503 USD 1.0953 1.1207 IDR 16,291.8340 15,968.9370 UYU 46.4130 38.7933 JPY 117.1258 124.8179 ZAR 20.1153 16.0667

For US Dollar denominated sub-funds (USD exchange rate):

Year-end 30 April 30 April rates 2020 2019 AUD 1.5274 1.4208 CAD 1.3890 1.3452 CHF 0.9652 0.9814 DKK 6.8106 6.6617 EUR 0.9130 0.8923 GBP 0.7928 0.7671 HKD 7.7524 7.8454 JPY 106.9349 111.3749 KRW - 1,168.2243 NOK 10.2195 8.6475 PLN 4.1411 - SEK 9.7672 9.5068 SGD - 1.3612 TWD - 30.9014 ZAR 18.3651 14.3363

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14. EXCHANGE RATES (continued)

The average USD/EUR exchange rate used for the purposes of consolidation on the Statement of Comprehensive Income and the Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares was: For the year 30 April 2020 30 April 2019 LGT Sustainable Bond Global Hedged Sub-Fund 0.9025 0.8700 LGT Sustainable Quality Equity Hedged Sub-Fund 0.9025 0.8700 LGT Bond EM Credit Opportunities Sub-Fund 0.9025 0.8700 LGT Sustainable Bond Corporates Sub-Fund 0.9025 0.8700 LGT Sustainable Equity Market Neutral Sub-Fund 0.9025 0.8700 LGT Crown Liquid Private Equity Opportunities Sub-Fund 0.9025 0.8819

15. TAXATION

Under current law and practice the Company qualifies as an investment undertaking as defined in Section 739B of the Taxes Consolidation Act, 1997, as amended. On that basis, it is not chargeable to Irish tax on its income or gains. However, Irish tax may arise on the happening of a "chargeable event". A chargeable event includes any distribution payments to Shareholders or any encashment, redemption, cancellation or transfer of shares.

No Irish tax will arise on the Company in respect of chargeable events in respect of: (a) a shareholder who is neither Irish resident nor ordinarily resident in Ireland for tax purposes, at the time of the chargeable event, provided appropriate valid declarations in accordance with the provisions of the Taxes Consolidation Act, 1997, as amended, are held by the Company; or the Company has been authorized by the Irish Revenue to make gross payments in the absence of appropriate declarations; and (b) certain exempted Irish tax resident Shareholders who have provided the Company with the necessary signed statutory declarations.

Any transaction (which might otherwise be a chargeable event) in relation to shares held in a recognized clearing system as designated by order of the Irish Revenue Commissioners will not constitute a chargeable event. It is the current intention of the Directors that all the Shares in the Company will be held in a recognized clearing system.

Dividends, interest and capital gains (if any) received on investments made by the Company may be subject to withholding taxes imposed by the country from which the investment income/gains are received and such taxes may not be recoverable by the Company or its shareholders.

16. EVENTS SINCE THE BALANCE SHEET DATE

The second quarter of 2020 has seen volatility in all financial markets due to the COVID-19 pandemic. The Directors of the Company are actively monitoring the situation and, with the support of the Manager, continue to manage the Company's assets within investment and risk parameters that have been established. The Directors will continue to review the situation in order to navigate the Company through this period of heightened uncertainty. The development & spread of the COVID-19 virus subsequent to 30 April 2020 is a non-adjusting post Balance Sheet event.

There have been no other material events, except for above, that could impair the integrity of the information presented in the financial statements or requiring disclosure.

17. APPROVAL OF FINANCIAL STATEMENTS

The Board of Directors approved the financial statements on 24 August 2020.

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PORTFOLIO OF INVESTMENTS – LGT CROWN LISTED PRIVATE EQUITY

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in EUR) Value EQUITY SECURITIES

Belgium BREDERODE S.A. 73,000 5,321,700 1.28 Total (April 2019: EUR 13,311,400) 5,321,700 1.28

Canada BROOKFIELD ASSET MGMT -A-/LTD 625,000 19,325,353 4.65 ONEX CORPORATION 385,000 16,236,978 3.90 Total (April 2019: EUR 28,230,152) 35,562,331 8.55

France EURAZEO 376,699 16,446,678 3.96 WENDEL 289,500 22,581,000 5.43 Total (April 2019: EUR 33,836,250) 39,027,678 9.39

Germany AURELIUS SE & CO. KGaA 225,000 3,600,000 0.87 GESCO AG 372,500 5,792,375 1.39 Total (April 2019: EUR 18,576,271) 9,392,375 2.26

Guernsey HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED 804,326 13,430,820 3.23 J.P. MORGAN PRIVATE EQUITY LIMITED 6,303,000 5,927,225 1.43 NB PRIVATE EQUITY PARTNERS LIMITED 1,583,000 16,224,575 3.90 RIVER ENERGY ACC GBP 1,265,747 2,203,947 0.53 Total (April 2019: EUR 56,269,694) 37,786,567 9.09

South Africa BRAIT SE 8,784,998 1,725,089 0.41 Total (April 2019: EUR 6,513,475) 1,725,089 0.41

Sweden RATOS AB 4,050,000 8,828,325 2.12 Total (April 2019: EUR 8,123,585) 8,828,325 2.12

United Kingdom 3I GROUP PLC 1,940,000 17,515,406 4.21 CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES LIMITED -EUR 10,200,000 6,681,000 1.61 CVC CREDIT PARTNERS EUROPEAN OPPORTUNITIES LIMITED -GBP 977,825 747,707 0.18 DUNEDIN ENTPRSE INV TRUST 791,588 2,526,028 0.61 ELECTRA PRIVATE EQUITY PLC 1,825,000 2,931,835 0.70 HGCAPITAL TRUST PLC 9,850,000 25,522,379 6.14 ICG ENT TRS GBP 1,784,000 15,275,717 3.67 INTERMEDIATE CAPITAL GROUP PLC 1,475,000 19,160,354 4.61 MELROSE INDUSTRIES PLC 5,120,000 5,883,231 1.41 PANT INTER GBP/DIS 375,474 8,554,297 2.06 STAND LIFE EQTY 4,500,830 15,290,336 3.68 Total (April 2019: EUR 106,831,688) 120,088,290 28.88

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PORTFOLIO OF INVESTMENTS – LGT CROWN LISTED PRIVATE EQUITY (CONTINUED)

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in EUR) Value EQUITY SECURITIES (CONTINUED)

United States of America AFFILIATED MANAGERS GROUP INC 204,998 13,093,819 3.15 APOLLO GLB MGMT SHS -A- 524,000 19,370,730 4.66 ARES CAPITAL CORPORATION 1,753,000 20,550,096 4.94 BLACKSTONE GROUP LP 460,000 21,939,560 5.28 CARLYLE GP PARTNERSHIP UNIT LP 759,000 16,243,002 3.91 KKR PARTNERSHIP UNITS 1,384,000 31,854,871 7.66 PENNANTPARK F.R. CAPITAL 893,235 5,912,493 1.42 TPG SPECIALITY LENDING INC 343,000 5,154,551 1.24 Total (April 2019: EUR 136,507,694) 134,119,122 32.26

Total equity securities (30 April 2019: EUR 408,200,209) 391,851,477 94.24

Fair Value % of 30.04.2020 Net Asset (in EUR) Value

Total Investments 391,851,477 94.24 Other Net Assets 23,934,169 5.76 Total Net Assets 415,785,646 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 93.71 Other assets 6.29 100.00

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PORTFOLIO OF INVESTMENTS – LGT BOND EMMA LC SUB-FUND

Nominal Fair Value % Value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES

Government bonds

Argentina ARGENTINA 3.375% 17-15.01.23 8,000,000 1,936,240 1.15 ARGENTINA 3.875% 16-15.1.22REGS 4,500,000 1,109,880 0.66 ARGENTINA 5.625% 17-26.01.22 3,000,000 754,560 0.45 Total (April 2019: EUR 9,728,349) 3,800,680 2.26

Brazil BRAZIL 6% 11-15.08.22 INFL 4,000 2,416,518 1.44 BRAZIL 6% 13-15.05.23 /INFL 6,000 3,698,989 2.21 BRAZIL 6% 15-15.08.26 /INFL 2,000 1,312,405 0.78 BRAZIL 6% 18-15.8.28/INFL 9,300 6,063,405 3.61 BRAZIL 8.5% 12-05.01.24 4,000,000 685,240 0.41 Total (April 2019: EUR 20,269,271) 14,176,557 8.45

Chile CHILE 5% 15-01.03.35 2,800,000,000 3,822,398 2.28 CHILE 5.5% 10-5.8.20 240,000,000 265,131 0.16 Total (April 2019: EUR 6,709,084) 4,087,529 2.44

Colombia COLOMBIA 10% 08-24.07.24 24,000,000,000 6,577,114 3.92 COLOMBIA 7.5% 11-26.8.26 38,000,000,000 9,410,527 5.61 COLOMBIA 9.85% 07-27 /INT.USD 1,600,000,000 420,959 0.25 COLUMBIA 4.375% 21.03.23 6,000,000,000 1,331,364 0.79 Total (April 2019: EUR 24,542,034) 17,739,964 10.57

Czech Republic CZECH REP 2.4% 14-17.09.25 12,000,000 473,393 0.28 Total (April 2019: EUR 1,290,427) 473,393 0.28

Dominican Republic DOMINICAN R 11.5% 14-10.05.24 50,000,000 772,434 0.46 Total (April 2019: EUR 958,182) 772,434 0.46

Federation of Russia MIN FIN RUF 6.9% 18-23.05.29 250,000,000 3,286,794 1.96 RUSSIA 7%13-25.1.23 300,000,000 3,854,407 2.30 RUSSIA 7.75% 16-16.09.26 209,500,000 2,865,297 1.71 RUSSIA 8.15% 12-3.2.27 S 26207 397,000,000 5,562,878 3.31 Total (April 2019: EUR 18,503,881) 15,569,376 9.28

Hungary HUNGARY 3% 16-27.10.27 350,000,000 1,069,833 0.64 HUNGARY 5.5% 14-24.06.25 160,000,000 543,880 0.32 Total (April 2019: EUR 5,065,184) 1,613,713 0.96

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PORTFOLIO OF INVESTMENTS – LGT BOND EMMA LC SUB-FUND (CONTINUED)

Nominal Fair Value % Value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Government bonds (continued)

Indonesia INDONESIA 10% 07-15.09.24 60,000,000,000 3,994,394 2.38 INDONESIA 8.25% 15-15.05.36 50,000,000,000 3,084,306 1.84 INDONESIA 8.375% 13-15.03.24 50,000,000,000 3,180,765 1.89 INDONESIA 8.375% 13-15.03.34 95,000,000,000 5,917,851 3.53 INDONESIA 9% 13-15.03.29 32,000,000,000 2,082,850 1.24 INDONESIA GOVERNMENT11% 06-25 36,000,000,000 2,524,931 1.50 Total (April 2019: EUR 28,109,002) 20,785,097 12.38

Malaysia MALAYSIA 3.418% 12-15.08.22 300,000 65,097 0.04 MALAYSIA 3.8% 16-17.08.23 6,800,000 1,503,227 0.90 MALAYSIA 3.955% 15-15.09.25 10,000,000 2,273,922 1.35 MALAYSIA 4.059% 17-30.09.24 37,000,000 8,334,950 4.96 Total (April 2019: EUR 13,132,543) 12,177,196 7.25

Mexico MEXICO 10% 05-5.12.24 -M- 380,000 1,719,568 1.02 MEXICO 4.5% 06-4.12.25UDIBONOS 86,400 2,294,982 1.37 MEXICO 5.75% 15-05.03.26 1,500,000 5,720,998 3.41 MEXICO 7.5% 06-3.6.27 BONOS 1,500,000 6,174,693 3.68 MEXICO 8% 03-7.12.23 S.M20 300,000 1,247,903 0.74 MEXICO 8.5% 09-31.5.29 BONOS 1,000,000 4,328,278 2.58 Total (April 2019: EUR 25,492,450) 21,486,422 12.80

Peru PERU 5.7% 14-12.08.24 REGS 3,000,000 930,737 0.55 PERU 6.35% 16-12.08.28 13,000,000 4,081,797 2.43 PERU 6.95% 08-12.8.31/DUAL 1,000,000 320,588 0.19 PERU 8.2% 06-12.8.26 REG-S/USD 10,000,000 3,447,584 2.05 Total (April 2019: EUR 18,032,150) 8,780,706 5.22

Philippines PHILIPPINES 3.9% 12-26.11.22 20,000,000 356,240 0.21 PHILIPPINES 4.95%-15.1.21 /USD 15,000,000 270,475 0.16 Total (April 2019: EUR 585,522) 626,715 0.37

Poland POLAND 2.5% 15-25.07.26 13,000,000 3,101,595 1.85 POLAND 2.75% 13-25.04.28 4,000,000 972,371 0.58 POLAND 3.25% 13-25.07.25 14,500,000 3,566,980 2.12 Total (April 2019: EUR 12,161,304) 7,640,946 4.55

Romania ROMANIA 3.25% 16-29.04.24 22,000,000 4,440,599 2.65 Total (April 2019: EUR 6,619,900) 4,440,599 2.65

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PORTFOLIO OF INVESTMENTS – LGT BOND EMMA LC SUB-FUND (CONTINUED)

Nominal Fair Value % Value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Government bonds (continued)

South Africa SOUTH AFR 8% 13-31.01.30 80,000,000 3,422,225 2.04 SOUTH AFR 8.25% 13-31.03.32 110,000,000 4,544,513 2.71 SOUTH AFRICA 6.25% 06-31.3.36 35,000,000 1,095,518 0.65 SOUTH AFRICA 7% 10-28.2.31 100,000,000 3,844,928 2.29 Total (April 2019: EUR 30,551,821) 12,907,184 7.69

Thailand MIN OF FIN 2.125% 16-17.12.26 160,000,000 4,814,009 2.87 THAILAND GO 4.26% 12-12.12.37 24,000,000 902,644 0.54 THAILAND GOV 3.85% 10-12.12.25 70,000,000 2,281,393 1.36 Total (April 2019: EUR 15,369,775) 7,998,046 4.77

Uruguay URUGUAY 8.5% 17-15.03.28 140,000,000 2,519,085 1.50 Total (April 2019: EUR 652,806) 2,519,085 1.50

Total government bonds (April 2019: EUR 237,773,685) 157,595,642 93.88

Corporate bonds

Great Britain BARCLAYS 0% 12-17.09.32 68,470,000 966,019 0.58 Total (April 2019: EUR 6,821,221) 966,019 0.58

Kazakhstan DEV BK KAZA 9.5% 17-14.06.20 200,000,000 404,659 0.24 Total (April 2019: EUR 469,266) 404,659 0.24

United States of America GS 0% 19-13.03.48 140,000,000 509,462 0.31 IBRD 4.5% 18-03.04.23 69,000,000 1,297,897 0.77 Total (April 2019: EUR 1,691,843) 1,807,359 1.08

Total corporate bonds (April 2019: EUR 20,969,966*) 3,178,037 1.90 * includes Columbia (EUR 4,786,431), Netherlands (EUR 7,201,205)

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PORTFOLIO OF INVESTMENTS – LGT BOND EMMA LC SUB-FUND (CONTINUED)

Open Fair Value % position 30.04.2020 Net Asset 30.04.2020 (in EUR) Value FINANCIAL DERIVATIVE INSTRUMENTS

Option contracts

Put options PUT USD/MXN SPOT - CRO* 15/09/2020 20.75 8,000,000 17,927 0.01 PUT USD/MXN SPOT - CROS* 25/01/2021 23.7 9,100,000 312,957 0.19 PUT USD/RUB SPOT CROSS 18/03/2021 78.0 8,000,000 485,434 0.29 PUT USD/ZAR SPOT CROSS 21/09/2020 16.42 8,600,000 41,254 0.02 PUT ON CCY USD/IDR S* 17/09/2020 14800.0 9,000,000 122,689 0.07 Total put options (April 2019: EUR 313,707) 980,261 0.58

Call options CALL USD/MXN SPOT - CR* 25/01/2021 28.08 (9,100,000) (227,540) (0.14) CALL USD/RUB SPOT CROSS 18/03/2021 100.0 (8,000,000) (88,500) (0.05) CALL ON CCY USD/IDR * 17/09/2020 17900.0 (9,000,000) (64,948) (0.04) Total call options (April 2019: EUR ((515,504)) (380,988) (0.23) Counterparty: RBC Investor Services Bank S.A. Total option contracts (April 2019: EUR (201,797)) 599,273 0.35

Unrealised gain/(loss) % of 30.04.2020 Net Asset (in EUR) Value

Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date BRL 20,000,000 USD 3,799,392 13 July 2020 (112,619) (0.07) CLP 2,000,000,000 USD 2,370,792 13 July 2020 24,841 0.02 CZK 191,631,800 EUR 7,044,240 13 July 2020 38,036 0.02 EUR 3,515,831 ZAR 70,395,000 13 July 2020 47,963 0.03 EUR 11,450,922 MXN 311,200,000 13 July 2020 (328,135) (0.20) HUF 1,889,765,000 EUR 5,271,391 13 July 2020 91,686 0.06 MXN 38,506,000 EUR 1,435,640 13 July 2020 21,291 0.01 PLN 47,816,000 EUR 10,491,323 13 July 2020 30,936 0.02 RON 8,309,400 EUR 1,699,292 13 July 2020 1,692 0.00 TRY 5,028,000 EUR 651,795 13 July 2020 (9,791) (0.01) THB 70,000,000 USD 2,138,789 13 July 2020 22,680 0.01 USD 5,546,940 IDR 93,000,000,000 13 July 2020 (504,749) (0.30) USD 1,845,208 COP 7,200,000,000 14 July 2020 15,039 0.01 MXN 99,600,000 USD 4,000,000 18 September 2020 89,239 0.05 ZAR 66,266,000 USD 3,400,000 23 September 2020 144,271 0.09 Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: (3,452,659)) (427,620) (0.26)

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT BOND EMMA LC SUB-FUND (CONTINUED)

Fair Value % of 30.04.2020 Net Asset (in EUR) Value

Total Investments 160,945,332 95.87 Other Net Assets 6,932,040 4.13 Total Net Assets 167,877,372 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 94.70 Over the counter financial derivative instruments (net) 0.10 Other assets 5.20 100.00

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in EUR) Value EQUITY SECURITIES

Canada ALGONQUIN POWER & UTILITIES 356,700 4,525,229 0.57 Total (April 2019: EUR 7,170,521) 4,525,229 0.57

Cayman Islands ENN ENERGY HOLDINGS 1,931,700 19,928,602 2.50 Total (April 2019: EUR 3,329,814) 19,928,602 2.50

Denmark AMBU A/S 100,200 2,869,113 0.36 VESTAS WIND SYSTEMS AS / REG 97,100 7,630,338 0.96 Total (April 2019: EUR 3,281,858) 10,499,451 1.32

France CAPGEMINI SE 168,300 14,430,042 1.81 DANONE 602,400 38,107,824 4.78 ILIAD 26,300 3,576,800 0.45 TOTAL SA 149,200 4,901,220 0.61 Total (April 2019: EUR 59,312,415) 61,015,886 7.65

Germany SAP SE 32,700 3,562,338 0.45 Total (April 2019: EUR 3,666,560) 3,562,338 0.45

Great Britain ITV PLC 23,866,000 21,025,362 2.63 NIELSEN HOLDINGS PLC 1,885,000 25,350,178 3.18 PRUDENTIAL PLC 2,633,000 34,218,017 4.29 SSE PLC 1,520,500 21,887,636 2.74 Total (April 2019: EUR 88,912,016) 102,481,193 12.84

Ireland MEDTRONIC HOLDINGS LIMITED 346,500 30,885,415 3.87 Total (April 2019: EUR 27,022,584) 30,885,415 3.87

Japan MITSUBISHI ESTATE CO. 1,898,900 28,574,490 3.58 NINTENDO CO.LTD 92,600 35,300,407 4.42 NITORI HOLDINGS CO LTD 33,700 4,753,212 0.60 Total (April 2019: EUR 66,093,864) 68,628,109 8.60

Netherlands HEINEKEN NV 325,000 25,226,500 3.16 ING GROUP NV 3,511,100 17,583,589 2.20 UNILEVER NV 451,700 20,588,486 2.58 Total (April 2019: EUR 39,561,024) 63,398,575 7.94

Norway EQUINOR ASA 572,300 7,334,338 0.92 Total (April 2019: EUR nil) 7,334,338 0.92

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND (CONTINUED)

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in EUR) Value EQUITY SECURITIES (CONTINUED)

South Africa ANGLOGOLD ASHAN./SADS REP.1 SH 956,710 21,303,896 2.67 ANGLOGOLD ASHANTI LTD 412,000 9,517,933 1.19 Total (April 2019: EUR 15,596,127) 30,821,829 3.86

Spain BANKINTER SA 965,400 3,633,766 0.45 EDP RENOVAVEIS SA 810,000 9,072,000 1.14 GRIFOLS. SA 667,000 20,717,020 2.60 IBERDROLA SA 1,683,000 15,382,620 1.93 Total (April 2019: EUR 21,819,480) 48,805,406 6.12

Sweden BOLIDEN AB 153,300 2,870,238 0.36 Total (April 2019: EUR 14,465,142) 2,870,238 0.36

United States of America AFFILIATED MANAGERS GROUP INC 403,400 25,766,333 3.23 AKAMAI TECHNOLOGIES INC 357,300 31,874,174 4.00 ALPHABET INC -A- 42,900 52,746,672 6.61 AUTOZONE INC 3,980 3,707,545 0.46 CERNER CORP 211,000 13,367,379 1.68 COGNIZANT TECHNOLOGY SOL A 466,000 24,684,853 3.09 COLGATE-PALMOLIVE CO. 535,100 34,329,843 4.30 COMCAST CORP/-A- 245,300 8,427,498 1.06 ESTEE LAUDER CO -A- 51,100 8,229,745 1.03 ETSY INC 70,000 4,145,805 0.52 KEYCORP 531,500 5,653,223 0.71 MICROSOFT CORP. 152,200 24,902,549 3.12 MORGAN STANLEY 245,300 8,830,621 1.11 NEWMONT RG REGISTERED SHS 672,000 36,492,796 4.57 UNITEDHEALTH GROUP INC 101,500 27,102,807 3.40 Total (April 2019: EUR 297,351,363) 310,261,843 38.89

Total equity securities (30 April April 2019: EUR 647,582,768) 765,018,452 95.89

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in EUR) Value

FINANCIAL DERIVATIVE INSTRUMENTS

Option contracts - -

Counterparty: RBC Investor Services Bank S.A. Total options (April 2019: EUR (1,942,010)*) - - *includes United States of America call options (EUR 1,942,010)

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND (CONTINUED)

Unrealised gain/(loss) % of 30.04.2020 Net Asset (in EUR) Value Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date AUD 27,500,000 EUR 15,205,829 17 June 2020 1,217,798 0.15 CHF 23,900,000 EUR 22,585,715 17 June 2020 31,569 0.01 EUR 20,687,367 ZAR 415,000,000 17 June 2020 180,845 0.02 JPY 1,630,000,000 EUR 13,650,037 17 June 2020 262,812 0.03 USD 135,000,000 EUR 121,501,762 17 June 2020 1,627,584 0.21 EUR 15,077,416 HKD 130,000,000 17 June 2020 (207,070) (0.03) EUR 21,405,016 GBP 19,200,000 17 June 2020 (688,572) (0.09) EUR 3,030,028 CAD 4,740,000 17 June 2020 (83,116) (0.01) EUR 3,755,726 DKK 28,050,000 17 June 2020 (4,492) (0.00) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: EUR (105,815)) 2,337,358 0.29

Fair Value % of 30.04.2020 Net Asset (in EUR) Value

Total Investments 767,355,810 96.18 Other Net Assets 30,457,801 3.82 Total Net Assets 797,813,611 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 95.62 Over the counter financial derivative instruments (net) 0.29 Other assets 4.09 100.00

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY EUROPE SUB-FUND

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (EUR) Value EQUITY SECURITIES

Denmark AMBU A/S 39,250 1,123,879 0.97 NOVO NORDISK A/S /-B- 51,910 3,022,175 2.62 VESTAS WIND SYSTEMS AS / REG 39,030 3,067,066 2.66 Total (April 2019: EUR 7,301,108) 7,213,120 6.25

Finland YIT OYJ 369,000 1,845,000 1.60 Total (April 2019: EUR 1,885,425) 1,845,000 1.60

France CAPGEMINI SE 41,140 3,527,344 3.05 DANONE. 41,370 2,617,066 2.27 KERING SA 6,830 3,143,166 2.72 L OREAL 6,530 1,732,409 1.50 Total (April 2019: EUR 16,739,445) 11,019,985 9.54

Germany ADIDAS AG 12,460 2,606,632 2.26 DEUTSCHE BOERSE AG /NAM. 22,210 3,148,268 2.73 DEUTSCHE POST AG 100,160 2,719,344 2.35 KION GROUP 73,900 3,348,409 2.90 SAP SE 48,360 5,268,338 4.56 SYMRISE AG 11,840 1,093,069 0.95 Total (April 2019: EUR 22,767,728) 18,184,060 15.75

Great Britain DIAGEO PLC 114,251 3,618,221 3.13 ITV PLC 2,639,364 2,325,215 2.01 PRUDENTIAL PLC 361,564 4,698,824 4.07 RECKITT BENCKISER GROUP PLC 48,125 3,674,402 3.18 RIO TINTO PLC /REG. 61,037 2,589,847 2.24 SAGE GRP 401,860 2,961,810 2.57 SMITH AND NEPHEW PLC 228,070 4,092,023 3.54 SSE PLC 236,685 3,407,086 2.95 UNILEVER PLC 71,671 3,385,646 2.93 Total (April 2019: EUR 27,792,565) 30,753,074 26.62

Italy HERA SPA 979,450 3,308,582 2.86 MEDIOBANCA BCA CREDITO FINANZ. 519,000 2,744,472 2.38 PRYSMIAN SPA 187,572 3,220,611 2.79 Total (April 2019: EUR 9,833,997) 9,273,665 8.03

Netherlands HEINEKEN NV 28,420 2,205,960 1.91 ING GROUP NV 361,350 1,809,641 1.57 Total (April 2019: EUR 9,083,882) 4,015,601 3.48

Norway DNB ASA 223,835 2,483,626 2.15 EQUINOR ASA 253,140 3,244,128 2.81 Total (April 2019: EUR 3,271,966) 5,727,754 4.96

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY EUROPE SUB-FUND (CONTINUED)

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (EUR) Value EQUITY SECURITIES (continued)

Spain BANKINTER SA 898,720 3,382,782 2.93 EDP RENOVAVEIS SA 198,800 2,226,560 1.93 GRIFOLS. SA 105,900 3,289,254 2.85 IBERDROLA SA 394,578 3,606,443 3.12 Total (April 2019: EUR 16,988,953) 12,505,039 10.83

Sweden ASSA ABLOY AB 158,390 2,606,505 2.26 BOLIDEN AB 156,040 2,921,539 2.53 Total (April 2019: EUR 14,887,439) 5,528,044 4.79

Switzerland GEBERIT AG/NAMEN-AKTIEN 8,300 3,400,464 2.94 ROCHE HOLDING AG /GENUSSSCHEIN 11,180 3,547,657 3.07 Total (April 2019: EUR 3,116,838) 6,948,121 6.01

Total equity securities (April 2019: EUR 133,669,346) 113,013,463 97.86

Unrealised gain/(loss) % 30.04.2020 Net Asset (in EUR) Value

FINANCIAL DERIVATIVE INSTRUMENTS

Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date CHF 9,000,000 EUR 8,510,831 17 June 2020 6,137 0.00 CHF 3,500,000 EUR 3,314,664 17 June 2020 (2,509) (0.00) SEK 6,000,000 EUR 549,126 17 June 2020 11,419 0.01 USD 1,000,000 EUR 901,046 17 June 2020 11,023 0.01 EUR 572,948 GBP 500,000 17 June 2020 (2,394) (0.00) EUR 992,088 GBP 870,000 17 June 2020 (9,009) (0.01) EUR 2,570,956 GBP 2,300,000 17 June 2020 (75,667) (0.07) EUR 282,066 NOK 3,300,000 17 June 2020 (12,543) (0.01) EUR 757,280 NOK 8,500,000 17 June 2020 (1,537) (0.00) EUR 2,816,066 NOK 33,000,000 17 June 2020 (130,020) (0.11) EUR 1,571,803 SEK 17,350,000 17 June 2020 (49,133) (0.04) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: EUR (105,693)) (254,233) (0.22)

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY EUROPE SUB-FUND (CONTINUED)

Fair Value % of 30.04.2020 Net Asset (in EUR) Value

Total Investments 112,759,230 97.64 Other Net Assets 2,729,915 2.36 Total Net Assets 115,489,145 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 97.27 Over the counter financial derivative instruments (net) (0.22) Other assets 2.95 100.00

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (EUR) Value COLLECTIVE INVESTMENT SCHEMES

Luxembourg DUAL R V MIC LC--I-USD/CAP 22,244 2,686,420 1.14 DUAL R V MICRO FIN-I- USD/CAP 23,702 2,747,381 1.17 RESPONSBLTY L MICRF LEAD-I-CAP 28,000 3,487,410 1.49 Total (April 2019: EUR 7,209,273) 8,921,211 3.80

Total collective investment schemes (April 2019: EUR 7,209,273) 8,921,211 3.80

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES

Government bonds

Canada SOUTH COAST 3.25% 18-23.11.28 1,000,000 745,288 0.32 VANCOUVER 3.1% 18-21.09.28 2,000,000 1,483,241 0.63 Total (April 2019: EUR 1,063,383) 2,228,529 0.95

Chile CHILE 0.83% 19-02.07.31 3,500,000 3,198,055 1.36 Total (April 2019: EUR 872,480) 3,198,055 1.36

France PARIS 1.75% 15-25.05.31 500,000 579,905 0.25 Total (April 2019: EUR nil) 579,905 0.25

Hungary HUNGARY 1.75% 17-10.10.27 REGS 1,100,000 1,119,690 0.48 Total (April 2019: EUR 1,173,755) 1,119,690 0.48

Poland POLAND 1% 19-07.03.29 REGS 1,500,000 1,548,675 0.66 Total (April 2019: EUR nil) 1,548,675 0.66

Spain BASQUE 1.125% 19-30.4.29 REGS 300,000 308,871 0.13 MADRID 0.419% 20-30.04.30 1,000,000 953,370 0.41 MADRID 1.571% 19-30.04.29 1,050,000 1,115,604 0.47 Total (April 2019: EUR nil) 2,377,845 1.01

United States of America TSY 0.75% 18-15.07.28 /INFL 2,300,000 2,369,509 1.01 USA 0.125% 20-15.01.30 /INFL 2,000,000 1,935,533 0.83 USA 0.25% 15-15.01.25 /INFL 2,000,000 2,040,627 0.87 USA 0.375% 15-15.07.25 /INFL 2,300,000 2,376,071 1.01 USA 0.375% 17-15.01.27 /INFL 2,000,000 2,048,081 0.87

118

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Government bonds (continued)

United States of America (continued) USA 0.5% 18-15.01.28/INFL 3,750,000 3,825,433 1.63 USA 0.625% 16-15.01.26 /INFL 3,500,000 3,659,451 1.56 USA 1.375% 16-30.06.23 /TBO 2,000,000 1,889,180 0.81 USA 1.625% 16-15.02.26 /TBO 7,000,000 6,813,345 2.91 USA 1.625% 16-31.10.23 /TBO 5,000,000 4,776,089 2.04 USA 2% 15-15.08.25 /TBO 4,000,000 3,953,825 1.69 USA 2%13-15.2.23 TBO S B-2023 3,000,000 2,871,859 1.22 USA 2.25% 15-15.11.25 /TBO 4,000,000 4,012,314 1.71 USA 2.375% 07-15.01.27/INFL 7,000,000 9,691,700 4.13 USA 2.375% 14-15.08.24 /TBO 3,000,000 2,974,784 1.27 USA 2.5% 14-15.05.24 /TBO 3,000,000 2,976,710 1.27 USA 2.75% 14-15.02.24 /TBO 5,000,000 4,981,869 2.12 USA 3.875% 99-15.04.29/INFL 5,000,000 9,866,906 4.21 Total (April 2019: EUR 6,126,190) 73,063,286 31.16

Total government bonds (April 2019: EUR 12,201,335*) 84,115,985 35.87 * includes Great Britain (EUR 1,806,480), Sweden (EUR 1,159,047)

Corporate bonds

Australia CALTEX AUS 4% 18-17.04.25 2,000,000 1,259,919 0.54 TELSTRA 4% 17-19.04.27 1,500,000 992,531 0.42 Total (April 2019: EUR 1,421,512) 2,252,450 0.96

Austria HYPO VORARL 0.125% 20-27.03.30 500,000 434,029 0.19 OMV 6.25% 15-PERP 1,000,000 1,124,180 0.48 Total (April 2019: EUR 2,428,302) 1,558,209 0.67

Belgium SOLVAY 0.5% 19-06.09.29 REGS 1,000,000 921,360 0.39 Total (April 2019: nil) 921,360 0.39

Canada HYDRO-QUEBEC 8.5% 89-1.12.29 1,000,000 1,470,100 0.63 RBC 0.25% 19-02.05.24 500,000 488,115 0.21 Total (April 2019: nil) 1,958,215 0.84

Denmark DONG ENERGY 2.25% 17-PERP 2,000,000 2,002,940 0.85 ORSTED 1.75% 19-09.12.3019 300,000 291,963 0.13 ORSTED 2.125% 19-17.05.27 1,000,000 1,197,885 0.51 Total (April 2019: EUR 503,005) 3,492,788 1.49

Finland ELISA CORP 1.125% 19-26.02.26 1,000,000 1,015,530 0.43 NIB 0.5% 18-03.11.25 1,000,000 1,017,100 0.43 Total (April 2019: EUR 5,229,923) 2,032,630 0.86

119

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

France AFD 0.0% 20-25.03.25 500,000 503,920 0.21 AFD 1.375% 14-17.09.24 REGS 2,000,000 2,138,200 0.91 ARKEMA 4.75% 14-PERP 500,000 502,515 0.21 BNP PAR 0.125% 19-04.09.26 1,000,000 947,240 0.40 BNP PAR 4.50% 20-PERP 1,600,000 1,210,394 0.52 BNPP 4.375% 15-28.09.25 REGS 1,250,000 1,212,019 0.52 BQE POSTALE 1.375% 19-24.04.29 1,000,000 1,014,190 0.43 CASINO 3.58% 14-07.02.25 ST-UP 3,300,000 2,764,146 1.18 CASINO GP 3.992% 13-PERP 1,000,000 427,300 0.18 CASINO GUICHARD FRN 05-PERP. 2,400,000 642,264 0.27 CNP ASSURAN 2% 19-27.07.50 2,400,000 2,392,368 1.02 COVIVIO SA 1.125% 19-17.09.31 800,000 731,512 0.31 DANONE 1% 18-26.03.25 100,000 104,822 0.04 FONCIERE RE 1.875% 16-20.05.26 500,000 504,940 0.22 KLEPI 1.625% 17-13.12.32 1,000,000 924,600 0.39 LA POSTE SA 1.45% 18-30.11.28 500,000 530,565 0.23 LVMH 0.125% 20-11.02.28 REGS 1,000,000 982,450 0.42 RATP 0.35% 19-20.06.29 800,000 809,648 0.35 SOCIETE PAR 1.125% 18-22.10.28 2,500,000 2,733,200 1.17 TOTAL SA 1.75% 19-PERP REGS 700,000 672,252 0.29 TOTAL SA 2.708% 16-PERP 200,000 199,766 0.09 UNIBAIL ROD 1% 15-14.03.25 1,000,000 969,650 0.41 Total (April 2019: EUR 13,638,944) 22,917,961 9.77

Germany COMZBK 1.1% 18-11.07.25 300,000 265,001 0.11 COMZBK 1.25% 18-23.10.23 800,000 787,848 0.34 MERCK FIN SER 0.5% 20-16.07.28 1,000,000 1,011,320 0.43 Total (April 2019: EUR 3,685,935) 2,064,169 0.88

Great Britain BPCM 0.831% 19-08.11.27 600,000 567,858 0.24 EBRD 1.625% 19-27.09.24 2,000,000 1,905,104 0.81 HSBC FRN 85-PERP 1,500,000 1,039,017 0.44 HSBC HLDG 6.875% 16-PERP/ FTF 2,000,000 1,826,531 0.78 NATL GRID 1.375% 19-16.09.26 REGS 500,000 576,221 0.25 NGG FINANCE 1.625% 19-05.12.79 500,000 481,520 0.21 NGG FINANCE 2.125% 19-05.09.82 1,500,000 1,438,800 0.61 RBS GROUP 0.75% 19-15.11.25 800,000 764,336 0.33 SSE 0.875% 17-06.09.25 REGS 2,000,000 2,018,800 0.86 SSE 1.375% 18-04.09.27 200,000 208,528 0.09 Total (April 2019: EUR 4,496,395) 10,826,715 4.62

Guernsey CS GF GUERNSEY 3.8%15-15.09.22 1,500,000 1,420,885 0.61 Total (April 2019: EUR 1,364,897) 1,420,885 0.61

Ireland BK OF I 1% 19-25.11.25 700,000 663,005 0.28 Total (April 2019: EUR 3,789,013) 663,005 0.28 120

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Italy ACEA 2.625% 14-15.07.24 1,000,000 1,073,060 0.46 ASSGEN 2.124% 19-01.10.30 1,000,000 940,910 0.40 FER D STATO 1.125% 19-09.07.26 500,000 484,770 0.21 HERA SPA 2.375% 14-04.07.24 1,000,000 1,070,500 0.46 RADIOTELEVI 1.375% 19-04.12.24 900,000 887,418 0.38 TERNA 1% 19-10.04.26 500,000 502,665 0.21 Total (April 2019: EUR 5,241,410) 4,959,323 2.12

Ivory Coast AFDB 0.875% 18-24.05.28 2,911,000 3,139,339 1.34 Total (April 2019: EUR 6,047,370) 3,139,339 1.34

Japan DBJ 1.875% 19-02.10.24 1,000,000 948,635 0.40 Total (April 2019: EUR nil) 948,635 0.40

Liechtenstein LGT BANK 0.375% 19-15.11.29 1,000,000 890,705 0.38 Total (April 2019: EUR nil) 890,705 0.38

Lithuania LIETUVOS EN 2% 17-14.07.27 REGS 1,100,000 1,146,706 0.49 Total (April 2019: EUR 1,132,252) 1,146,706 0.49

Luxembourg EIB 1.125% 18-15.11.32 3,000,000 3,444,570 1.47 EIB 1.25% 14-13.11.26 2,400,000 2,649,072 1.13 EIB 2.375% 17-24.05.27 2,000,000 2,027,737 0.86 EIB 2.5% 14-15.10.24 3,000,000 2,977,403 1.27 TAKKO LUX 5.375% 17-15.11.23 1,250,000 725,213 0.31 TAKKO LUX FRN 17-15.11.23 2,400,000 1,389,288 0.59 Total (April 2019: EUR 19,425,317) 13,213,283 5.63

Netherlands BMW FIN 2% 13-4.9.20 500,000 501,695 0.21 BNG 0.05% 19-20.11.29 1,000,000 1,005,640 0.43 EDP FIN BV 0.375% 19-16.09.26 1,000,000 968,650 0.41 IBERDROLA I 1.875% 17-PERP REGS 500,000 500,260 0.21 ING GROUP 4.875% 20-PERP 1,000,000 794,860 0.34 LUCHTHAVEN 1.5% 18-05.11.30 1,000,000 1,021,590 0.44 OI EUROPEAN 2.875% 19-15.02.25 300,000 281,916 0.12 POSTNL 0.625% 19-23.09.26 500,000 490,480 0.21 SCOTTISH POWER 5.81%05-15.3.25 200,000 212,203 0.09 Total (April 2019: EUR 4,054,050) 5,777,294 2.46

Philippines ADB 0% 19-24.10.29 1,000,000 1,003,830 0.43 ADB 2.375% 17-10.08.27 3,000,000 3,044,727 1.30 Total (April 2019: EUR 7,736,304) 4,048,557 1.73

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Poland MBANK 1.0183% 19-04.10.24 1,000,000 869,023 0.37 Total (April 2019: EUR 874,226) 869,023 0.37

Portugal BCP 4.5% 17-07.12.27 700,000 596,596 0.25 EDP 1.70% 20-20.07.80 REGS 1,500,000 1,361,670 0.58 Total (April 2019: EUR nil) 1,958,266 0.83

South Korea LG CHEM 0.5% 19-15.04.23 REGS 1,000,000 953,500 0.41 LG CHEM 3.25% 19-15.10.24 2,000,000 1,864,421 0.79 Total (April 2019: EUR nil) 2,817,921 1.20

Sweden SHB 5.25% 15-PERP 1,800,000 1,627,313 0.69 Total (April 2019: EUR 2,075,026) 1,627,313 0.69

Switzerland BALOISE 0% 19-25.09.26 1,000,000 908,905 0.39 BALOISE 0% 19-25.09.29 1,000,000 870,423 0.37 KT BASEL ST 0.5% 19-22.02.34 150,000 151,774 0.06 KT GENF 0% 19-26.05.28 200,000 189,284 0.08 KT GENF 0.5% 17-28.11.31 REGS 2,000,000 1,971,623 0.84 Total (April 2019: EUR 100,994) 4,092,009 1.74

Thailand THAIOIL 3.625% 18-23.01.23 REGS 200,000 186,917 0.08 Total (April 2019: EUR nil) 186,917 0.08

United Arab Emirates NBADUH 3% 17-30.03.22 REGS 1,500,000 1,398,850 0.60 Total (April 2019: EUR nil) 1,398,850 0.60

United States of America ACTIVISION 2.6% 17-15.06.22 800,000 749,007 0.32 AMER WATER 3.45% 19-01.06.29 500,000 508,263 0.22 AMGEN 2.45% 20-21.02.30 500,000 470,725 0.20 APPLE INC 0.50% 19-15.11.31 1,000,000 1,019,500 0.43 APPLE INC 3% 17-20.06.27 1,700,000 1,709,452 0.73 AT&T INC 0.8% 19-04.03.30 1,500,000 1,439,610 0.61 AT&T INC 1.8% 19-14.09.39 500,000 484,280 0.21 AU & NZ BKG 1.125% 19-21.11.29 2,000,000 1,918,080 0.82 BAC 2.456% 19-22.10.25 1,500,000 1,396,179 0.60 BALL 4% 15.11.23 500,000 466,584 0.20 CAMPBELL S 3.65% 18-15.03.23 743,000 713,681 0.30 CBS 2.5% 17-15.02.23 1,500,000 1,371,314 0.58 CITIGROUP I 0.75% 19-02.04.26 1,000,000 950,555 0.41 CONS EDISON 3.35% 20-01.04.30 300,000 301,306 0.13

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in EUR) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

United States of America (continued) DIGITAL EUR 2.5% 19-16.01.26 100,000 105,306 0.04 GECC 8.35% 07-03.09.22 2,000,000 77,696 0.03 GEN ELEC 4.208% 06-06.12.21 1,000,000 95,701 0.04 IBRD 0.625% 18-22.11.27 1,500,000 1,586,490 0.68 INTL BK REC 0.0% 20-21.02.30 1,000,000 1,000,750 0.43 INTL BK REC 0.25% 19-21.05.29 GDIF 3,800,000 3,912,138 1.67 INTL BK REC 1.0% 20-21.12.29 1,000,000 1,180,714 0.50 KELLOGG CO 3.4% 17-15.11.27 300,000 294,325 0.13 KROGER CO 3.7% 17-01.08.27 300,000 303,257 0.13 MANPOWER 1.75% 18-22.06.26 1,000,000 1,024,990 0.44 NATL GRID N 2.375% 15-30.09.20 500,000 455,355 0.19 NORTH AM 0.3% 18-24.07.26 1,500,000 1,435,241 0.61 RABOBK NY 0.25% 19-30.10.26 500,000 487,440 0.21 SPRINT 3.36%20.03.23/POOL 144A 1,000,000 343,228 0.15 SPRINT 4.738% 20.3.25/POOL REGS 500,000 480,462 0.20 STARBUCKS 2.45% 16-15.06.26 1,900,000 1,778,208 0.76 THERMO FISH 2.95% 16-19.09.26 2,000,000 1,962,951 0.84 T-MOBILE US 3.75% 20-15.04.27 400,000 390,603 0.17 TOYOTA 0% 17-21.07.21 500,000 495,940 0.21 TOYOTA 2.15% 20-13.02.30 400,000 359,500 0.15 UNILEV CAP 2.125% 19-06.09.29 1,500,000 1,408,943 0.60 VERIZON COM 0.875% 19-08.04.27 1,000,000 1,031,210 0.44 VF CORP 0.25% 20-25.02.28 100,000 94,306 0.04 Total (April 2019: EUR 32,335,206) 33,803,290 14.42

Total corporate bonds (April 2019: EUR 121,036,728*) 130,985,818 55.85 *Includes Mexico (EUR 1,472,795), Norway (EUR 539,149), Spain (EUR 3,444,703) Unrealised Open gain/(loss) % position 30.04.2020 Net Asset 30.04.2020 (in EUR) Value FINANCIAL DERIVATIVE INSTRUMENTS

Futures positions

Long positions

Canadian Dollar 10 YEARS CANADIAN BONDS 19/06/2020 50 308,943 0.13 Total (April 2019: EUR nil) 308,943 0.13

Germany 10Y BTP ITALIAN BOND 08/06/2020 10 (95,500) (0.04) Total (April 2019: EUR nil) (95,500) (0.04)

Great Britain Pound LONG GILT STERLING FUTURES 26/06/2020 57 206,666 0.09 Total (April 2019: EUR 2,268) 206,666 0.09

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Unrealised Open gain/(loss) % position 30.04.2020 Net Asset 30.04.2020 (in EUR) Value FINANCIAL DERIVATIVE INSTRUMENTS

Futures positions (continued)

Long positions (continued)

Japanese Yen JAPANESE GOV. BDS FUTURE 10Y 15/06/2020 16 25,955 0.01 JAPANESE GOV. BDS FUTURE 10Y 15/06/2020 26 (357,393) (0.15) Total (April 2019: EUR 47,910) (331,438) (0.14)

United States of America TREASURY BONDS USA 19/06/2020 30 469,263 0.20 Total (April 2019: EUR 153,399) 469,263 0.20

Total long positions (April 2019: EUR 203,577) 557,934 0.24

Short positions Germany EURO BUND 08/06/2020 (50) (2,960) (0.00) EURO BUND 08/06/2020 (90) 34,200 0.01 Total (April 2019: EUR (171,600)) 31,240 0.01

Total short positions (April 2019: EUR (171,600)) 31,240 0.01 Counterparty: RBC Investor Services Bank S.A. Total futures positions (April 2019: EUR 31,977) 589,174 0.25

Unrealised gain/(loss) % 30.04.2020 Net Asset (in EUR) Value Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date PLN 5,345,085 EUR 1,237,492 10 June 2020 (60,409) (0.03)= AUD 2,000,000 EUR 1,179,998 11 June 2020 14,594 0.01 CAD 2,000,000 EUR 1,316,078 11 June 2020 (2,399) (0.00) CAD 9,369,000 EUR 6,453,879 11 June 2020 (299,950) (0.13) CHF 2,000,000 EUR 1,901,330 11 June 2020 (8,760) 0.00 CNY 54,103,640 EUR 7,027,536 11 June 2020 (38,008) (0.02) EUR 503,310 AUD 830,000 11 June 2020 7,560 0.00 EUR 478,741 CHF 505,000 11 June 2020 867 0.00 EUR 8,378,146 CHF 8,890,000 11 June 2020 (34,317) (0.02) EUR 686,106 GBP 600,000 11 June 2020 (4,378) 0.00 EUR 2,259,861 GBP 2,000,000 11 June 2020 (41,773) (0.02) EUR 6,651,955 JPY 800,000,000 11 June 2020 (176,677) (0.08) EUR 762,991 NOK 8,500,000 11 June 2020 4,104 0.00 EUR 276,946 USD 300,000 11 June 2020 3,291 0.00 EUR 550,179 USD 600,000 11 June 2020 2,864 0.00 EUR 2,589,782 USD 2,800,000 11 June 2020 35,668 0.02 EUR 3,001,785 USD 3,300,000 11 June 2020 (8,466) 0.00 EUR 4,600,000 USD 5,006,217 11 June 2020 33,384 0.01 EUR 6,455,796 USD 7,000,000 11 June 2020 70,493 0.03

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL SUB-FUND (CONTINUED)

Unrealised Open gain/(loss) % position 30.04.2020 Net Asset 30.04.2020 (in EUR) Value FINANCIAL DERIVATIVE INSTRUMENTS

Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date EUR 9,204,789 USD 10,000,000 11 June 2020 82,913 0.04 EUR 57,655,656 USD 62,500,000 11 June 2020 644,040 0.27 GBP 900,000 EUR 983,142 11 June 2020 52,580 0.02 GBP 1,630,000 EUR 1,857,351 11 June 2020 18,458 0.01 GBP 1,785,000 EUR 2,120,821 11 June 2020 (66,638) (0.03) GBP 2,350,000 EUR 2,693,617 11 June 2020 10,770 0.00 GBP 3,200,000 EUR 3,659,824 11 June 2020 22,746 0.01 JPY 1,500,000,000 EUR 12,877,250 11 June 2020 (73,640) (0.03) JPY 4,606,600,000 EUR 38,326,564 11 June 2020 994,176 0.42 KRW 3,000,000,000 EUR 2,268,603 11 June 2020 (2,703) 0.00 MXN 4,664,126 EUR 220,734 11 June 2020 (43,297) (0.02) MXN 30,680,000 EUR 1,152,877 11 June 2020 14,285 0.01 NZD 350,000 EUR 203,069 11 June 2020 (6,149) 0.00 NOK 14,000,000 EUR 1,095,180 11 June 2020 154,755 0.07 NOK 33,030,617 EUR 3,236,254 11 June 2020 (287,245) (0.12) SEK 4,316,372 EUR 408,472 11 June 2020 (5,191) 0.00 USD 500,000 EUR 459,398 11 June 2020 (3,301) 0.00 USD 1,658,043 EUR 1,500,000 11 June 2020 12,458 0.01 USD 1,800,000 EUR 1,666,552 11 June 2020 (24,602) (0.01) USD 2,000,000 EUR 1,735,754 11 June 2020 88,636 0.04 USD 4,500,000 EUR 3,962,879 11 June 2020 141,998 0.06 USD 18,500,000 EUR 16,922,022 11 June 2020 (46,417) (0.02) USD 29,000,000 EUR 26,755,803 11 June 2020 (302,153) (0.13) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: EUR 417,433) 874,167 0.37

Fair Value % of 30.04.2020 Net Asset (in EUR) Value

Total Investments 225,486,355 96.14 Other Net Assets 9,049,954 3.86 Total Net Assets 234,536,309 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 93.67 Exchanged traded financial derivative instruments (net) 0.25 Over the counter financial derivative instruments (net) 0.37 Other assets 5.71 100.00

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (USD) Value COLLECTIVE INVESTMENT SCHEMES

Ireland CRO SUS BD CORP -A- USD 7,700 8,560,706 7.98 Total (April 2019: USD nil) 8,560,706 7.98

Luxembourg DUAL R V MICRO FIN-I- USD/CAP 12,500 1,587,000 1.48 Total (April 2019: 1,539,875) 1,587,000 1.48

Total collective investment schemes (April 2019: USD 4,273,520*) 10,147,706 9.46 *includes Liechtenstein (USD 2,733,645) Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES

Government bonds

Australia NSW TSY 2.75% 07-20.11.25/INFL 1,000,000 969,663 0.90 NSW TSY 3% 18-15.11.28 600,000 446,432 0.42 QUEENSLD TS 5.75%11-22.07.24 REGS 800,000 634,949 0.59 Total (April 2019: USD 1,725,538) 2,051,044 1.91

Austria AUSTRIA 0.75% 16-20.10.26 1,000,000 1,175,454 1.10 Total (April 2019: USD 2,910,760) 1,175,454 1.10

Belgium BELGIUM 1.25% 18-22.04.33 REGS 1,500,000 1,880,718 1.75 Total (April 2019: USD 2,897,430) 1,880,718 1.75

Canada ONTARIO 1.95% 16-27.01.23 2,000,000 1,489,182 1.39 ONTARIO 2.45% 12-29.6.2022 1,000,000 1,039,100 0.97 ONTARIO 4.6% 08-2.6.39 500,000 505,889 0.47 QUEBEC 2.6% 18-06.07.25 1,500,000 1,168,562 1.09 QUEBEC 2.875% 14-16.10.24 500,000 545,060 0.51 Total (April 2019: USD 4,650,970) 4,747,793 4.43

Chile CHILE 0.83% 19-02.07.31 800,000 800,647 0.75 Total (April 2019: USD nil) 800,647 0.75

Denmark DENMARK 0.5% 16-15.11.27 2,000,000 314,317 0.29 Total (April 2019: USD 315,357) 314,317 0.29

France FRANCE 1.75% 16-25.06.39 OAT 1,500,000 2,069,772 1.93 FRANCE 1.85% 25.07.27 OAT/INFL 750,000 1,095,565 1.02 FRANCE 3.4% 99-25.07.29/INFL 750,000 1,485,316 1.39 Total (April 2019: USD 7,275,841) 4,650,653 4.34

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Government bonds (continued)

Germany NTH RHINE-W 0.5% 16-16.04.26 1,000,000 1,137,830 1.06 Total (April 2019: USD 1,148,359) 1,137,830 1.06

Great Britain UK 0.125% 13-22.03.68 /INFL 100,000 403,823 0.38 UK 0.875% 19-22.10.29 1,000,000 1,343,060 1.25 UK 1.75% 16-07.09.37 900,000 1,366,765 1.27 UK 4.25% 00-07.06.32 500,000 921,227 0.86 UK 4.75% 07-07.12.30 530,000 984,737 0.92 Total (April 2019: USD 3,849,483) 5,019,612 4.68

Ireland IRELAND 1.35% 18-18.03.31 1,300,000 1,602,773 1.50 Total (April 2019: USD 2,614,383) 1,602,773 1.50

Netherlands NETHERLAND GOV 0.5% 19-15.1.40 1,000,000 1,231,731 1.15 Total (April 2019: USD 952,012) 1,231,731 1.15

Poland POLAND 1% 19-07.03.29 REGS 1,000,000 1,130,842 1.05 Total (April 2019: USD nil) 1,130,842 1.05

Spain MADRID 0.419% 20-30.04.30 500,000 522,113 0.49 SPAIN 2.35% 17-30.07.33 REGS 1,000,000 1,289,321 1.20 SPANISH GOV 1.85% 19-30.07.35 600,000 731,448 0.68 Total (April 2019: USD 1,249,300) 2,542,882 2.37

Sweden STOCKL 0.75% 15-26.02.25 1,200,000 1,377,633 1.28 SWEDEN 1.5% 11-13.11.23 5,000,000 545,579 0.51 Total (April 2019: USD 569,072) 1,923,212 1.79

United States of America USA 0.125% 13-15.01.23 TB/INFL 1,100,000 1,230,905 1.15 USA 0.25% 15-15.01.25 /INFL 1,000,000 1,117,549 1.04 USA 0.375% 15-15.07.25 /INFL 700,000 792,068 0.74 USA 0.375% 17-15.01.27 /INFL 1,000,000 1,121,632 1.05 USA 0.5% 18-15.01.28/INFL 1,000,000 1,117,332 1.04 USA 0.625% 14-15.01.24 /INFL 1,000,000 1,136,590 1.06 USA 0.625% 16-15.01.26 /INFL 700,000 801,639 0.75 USA 0.625% 20-31.03.27 /TBO 1,500,000 1,509,375 1.41 USA 0.75% 12-15.2.42 TBO/INFL 700,000 944,325 0.88 USA 1.625% 16-15.05.26 /TBO 1,500,000 1,601,602 1.49 USD 2.875% 13-15.05.43 TBO 1,000,000 1,323,281 1.23 Total (April 2019: USD 10,134,716) 12,696,298 11.84

Total government bonds (April 2019: USD 40,293,221) 42,905,806 40.01

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds

Australia AUST & NZ B 4.5% 14-19.03.24 500,000 529,500 0.49 Total (April 2019: USD nil) 529,500 0.49

Austria OMV 1.50% 20-09.04.24 700,000 780,480 0.73 Total (April 2019: USD nil) 780,480 0.73

Belgium SOLVAY 0.5% 19-06.09.29 REGS 500,000 504,583 0.47 Total (April 2019: USD nil) 504,583 0.47

Canada CPPIB 2.25% 17-25.01.22 REGS 1,000,000 1,029,850 0.96 Total (April 2019: USD 994,840) 1,029,850 0.96

Cayman Islands TENCENT 2.985% 18-19.1.23 REGS 800,000 819,096 0.76 Total (April 2019: USD 496,420) 819,096 0.76

France AFD 1.375% 14-17.09.24 REGS 800,000 936,788 0.88 CNP ASSUR 1.875% 16-20.10.22 500,000 556,850 0.52 LVMH 0.125% 20-11.02.28 REGS 800,000 860,862 0.80 RATP 0.35% 19-20.06.29 1,100,000 1,219,360 1.14 SANOFI 1.0% 20-01.04.25 300,000 344,021 0.32 TOTAL CAP 1.491% 20-08.04.27 300,000 347,139 0.32 Total (April 2019: USD nil) 4,265,020 3.98

Germany DT BAHN FIN 0.50% 20-09.04.27 250,000 280,597 0.26 KFW 0.01% 19-05.05.27 1,100,000 1,228,951 1.15 KFW 1.75% 19-14.09.29 1,650,000 1,780,383 1.66 Total (April 2019: USD 2,008,300) 3,289,931 3.07

Great Britain BPCM 2.5% 12-06.11.22 500,000 507,675 0.47 BPCM 3.643% 18-14.05.23 500,000 520,235 0.49 EBRD 1.625% 19-27.09.24 2,000,000 2,086,660 1.94 SSE 0.875% 17-06.09.25 REGS 1,000,000 1,105,596 1.03 TRANSPO LDN 2.125% 15-24.04.25 500,000 663,558 0.62 Total (April 2019: USD 2,979,864) 4,883,724 4.55

Jersey SWISS RE 1.375% 16-27.5.23 REGS 400,000 447,781 0.42 Total (April 2019: USD 465,059) 447,781 0.42

Liechtenstein LGT BANK 0.375% 19-15.11.29 600,000 585,353 0.55 Total (April 2019: USD nil) 585,353 0.55

128

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Luxembourg EIB 2.375% 17-24.05.27 2,000,000 2,220,980 2.07 EIB 2.5% 14-15.10.24 2,000,000 2,174,100 2.03 RICHEMONT INT 1% 18-26.03.26 500,000 566,675 0.53 Total (April 2019: USD 5,059,804) 4,961,755 4.63

Netherlands ABN AMRO BA FRN 18-27.08.21 1,000,000 994,710 0.93 BNG 0.05% 19-20.11.29 450,000 495,665 0.46 GAS NAT 0.875% 17-15.05.25REGS 500,000 555,794 0.52 IBERDROLA 1.125% 16-21.4.26REGS 500,000 573,521 0.54 KON DSM 0.75% 16-28.09.26 500,000 559,331 0.52 KON DSM 2.375% 14-03.04.24 500,000 588,592 0.55 LUCHTHAVEN 1.5% 18-05.11.30 500,000 559,474 0.52 NWB 1% 15-03.09.25 REGS 500,000 583,286 0.54 Total (April 2019: USD 501,350) 4,910,373 4.58

Norway DNB 0.625% 18-19.06.25 REGS 500,000 567,798 0.53 Total (April 2019: USD nil) 567,798 0.53

Philippines ADB 1.75% 16-14.08.26 2,000,000 2,120,440 1.98 ADB 2.125% 15-19.03.25 2,000,000 2,146,760 2.00 Total (April 2019: USD 3,862,760) 4,267,200 3.98

South Korea LG CHEM 3.25% 19-15.10.24 1,000,000 1,021,050 0.95 Total (April 2019: USD nil) 1,021,050 0.95

Switzerland BALOISE 0% 19-25.09.26 500,000 497,762 0.46 BALOISE 0% 19-25.09.29 500,000 476,687 0.45 Total (April 2019: USD nil) 974,449 0.91

United States of America ABBVIE 2.95% 19-21.11.26 500,000 527,050 0.49 ABBVIE 3.6% 15-14.05.25 500,000 541,480 0.50 APPLE INC 3% 17-20.06.27 1,000,000 1,101,390 1.03 AU & NZ BKG 1.125% 19-21.11.29 500,000 525,218 0.49 BAC 2.456% 19-22.10.25 500,000 509,745 0.48 CITIGP 2.976% 19-05.11.30 500,000 508,710 0.47 GS 3.625% 19-20.02.24 500,000 529,365 0.49 IADB 1.70% 19-10.10.24 2,500,000 1,865,203 1.74 IADB 3.2% 12-07.08.42 1,000,000 1,315,450 1.23 IBRD 2.125% 15-03.03.25 2,000,000 2,145,520 2.00 INTEL CORP 2.7% 12-15.12.22 500,000 524,610 0.49 INTL FIN 2% 17-24.10.22 1,000,000 1,038,210 0.97 INTL FIN 2.125% 16-07.04.26 1,500,000 1,625,100 1.51 JPM 4.5% 12-24.1.2022 500,000 526,880 0.49

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

United States of America (continued) KELLOGG CO 3.4% 17-15.11.27 500,000 537,290 0.50 MICROSOFT 2.125% 12-15.11.22 500,000 520,435 0.49 MICROSOFT 2.375% 15-12.02.22 500,000 514,920 0.48 SPRINT 3.36%20.03.23/POOL 144A 1,000,000 375,937 0.35 T-MOBILE US 3.75% 20-15.04.27 250,000 267,393 0.25 Total (April 2019: USD 9,434,600) 15,499,906 14.45 Total corporate bonds (April 2019: USD 28,342,542*) 49,337,849 46.01 *Includes Poland (USD 1,145,524), Sweden (USD 1,394,021) Unrealised Open gain/(loss) % position 30.04.2020 Net Asset 30.04.2020 (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS

Futures positions Long positions

Canadian Dollar 10 YEARS CANADIAN BONDS 19/06/2020 5 32,291 0.03 Total (April 2019: USD 7,806) 32,291 0.03

Germany 10Y BTP ITALIAN BOND 08/06/2020 10 (104,382) (0.10) Total (April 2019: USD nil) (104,382) (0.10)

Great Britain LONG GILT STERLING FUTURES 26/06/2020 10 8,451 0.01 Total (April 2019: USD 5,997) 8,451 0.01

Japanese Yen JAPANESE GOV. BDS FUTURE 10Y 15/06/2020 13 (203,021) (0.19) JAPANESE GOV. BDS FUTURE 10Y 15/06/2020 4 1,122 0.00 Total (April 2019: USD (4,669)) (201,899) (0.19)

United States Dollar TREASURY BONDS USA 19/06/2020 10 (12,813) (0.01) TREASURY BONDS USA 19/06/2020 10 4,688 0.00 Total (April 2019: USD nil) (8,125) (0.01) Total long positions (April 2019: USD 9,134) (273,664) (0.26)

Short positions - Germany EURO BUND 08/06/2020 (8) 5,433 0.01 EURO-BUXL-FUTURES 08/06/2020 (11) 964 0.00 Total (April 2019: USD (38,776)) 6,397 0.01 Total short positions (April 2019: USD (129,438)*) 6,397 0.01 * includes Australia (USD (65,350)), United States Dollar (USD (25,312)) Counterparty: RBC Investor Services Bank S.A. Total futures positions (April 2019: USD (120,304)) (267,267) (0.25)

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND (CONTINUED)

Unrealised gain/(loss) % 30.04.2020 Net Asset (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS (CONTINUED)

Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date CAD 1,000,000 USD 712,423 20 May 2020 7,582 0.01 USD 1,949,234 AUD 3,100,000 20 May 2020 (80,468) (0.08) USD 711,546 CAD 1,000,000 20 May 2020 (8,458) (0.01) USD 4,924,768 CAD 6,950,000 20 May 2020 (79,263) (0.07) USD 1,537,076 CHF 1,500,000 20 May 2020 (17,946) (0.02) USD 291,503 DKK 2,000,000 20 May 2020 (2,260) (0.00) USD 1,084,409 EUR 1,000,000 20 May 2020 (11,316) (0.01) USD 6,031,878 EUR 5,600,000 20 May 2020 (104,164) (0.10) USD 24,024,863 EUR 22,090,000 20 May 2020 (179,720) (0.17) USD 5,533,555 GBP 4,436,000 20 May 2020 (62,201) (0.06) USD 530,045 SEK 5,325,000 20 May 2020 (15,243) (0.01) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: USD 303,188) (553,457) (0.52)

Fair Value % of 30.04.2020 Net Asset (USD) Value

Total Investments 101,570,637 94.71 Other Net Assets 5,677,160 5.29 Total Net Assets 107,247,797 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 94.35 Exchanged traded financial derivative instruments (net) (0.25) Over the counter financial derivative instruments (net) (0.51) Other assets 6.41 100.00

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (USD) Value EQUITY SECURITIES

Brazil AMBEV SA SADR 4,100,000 8,815,000 1.10 Total (April 2019: USD 16,249,500) 8,815,000 1.10

Denmark NOVO NORDISK A/S /-B- 121,500 7,747,792 0.96 Total (April 2019: USD 12,875,080) 7,747,792 0.96

Finland KONE OYJ -B- 261,000 15,814,511 1.97 Total (April 2019: USD 11,225,267) 15,814,511 1.97

France DANONE 436,000 30,209,863 3.75 L OREAL 118,000 34,288,805 4.26 Total (April 2019: USD 50,732,543) 64,498,668 8.01

Germany ADIDAS AG 33,000 7,561,513 0.94 SAP SE 135,000 16,108,468 2.00 Total (April 2019: USD 13,429,346) 23,669,981 2.94

Great Britain DIAGEO PLC 630,825 21,881,506 2.72 INTERCONTINENTAL HOTELS GROUP PLC 304,000 13,834,890 1.72 RECKITT BENCKISER GROUP PLC 549,500 45,953,314 5.71 SAGE GRP 3,495,000 28,213,877 3.51 UNILEVER PLC 780,000 40,357,650 5.01 Total (April 2019: USD 97,127,339) 150,241,237 18.67

Ireland ACCENTURE PLC 110,000 20,370,900 2.53 MEDTRONIC HOLDINGS LIMITED 337,000 32,901,310 4.09 Total (April 2019: USD 41,917,486) 53,272,210 6.62

Japan NINTENDO CO.LTD 105,000 43,842,076 5.45 NITORI HOLDINGS CO LTD 103,500 15,989,348 1.99 Total (April 2019: USD 31,218,870) 59,831,424 7.44

Netherlands HEINEKEN NV 276,000 23,464,743 2.92 Total (April 2019: USD 17,149,131) 23,464,743 2.92

Switzerland GEBERIT AG/NAMEN-AKTIEN 33,500 15,032,736 1.87 GIVAUDAN SA /REG. 4,800 16,078,738 2.00 Total (April 2019: USD 22,495,264) 31,111,474 3.87

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND (CONTINUED)

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (USD) Value EQUITY SECURITIES (continued)

Taiwan TAIWAN SEMICONDUCT.MANUF/SADR 250,000 13,282,500 1.65 Total (April 2019: USD 2,292,712) 13,282,500 1.65

United States of America AGILENT TECHNOLOGIES 405,000 31,047,300 3.86 ALPHABET INC -A- 32,500 43,767,750 5.44 CERNER CORP 296,400 20,567,196 2.56 CHURCH & DWIGHT CO INC 290,000 20,297,100 2.52 COLGATE-PALMOLIVE CO. 101,000 7,097,270 0.88 ESTEE LAUDER CO -A- 220,000 38,808,000 4.82 IDEXX LABORATORIES INC. 47,800 13,269,280 1.65 INTUIT 108,000 29,139,480 3.62 JOHNSON & JOHNSON 83,000 12,453,320 1.55 MICROSOFT CORP. 200,000 35,842,000 4.45 PEPSICO INC 164,500 21,761,705 2.70 ROSS STORES INC 243,000 22,200,480 2.76 STRYKER CORP. 192,200 35,831,846 4.45 UNITEDHEALTH GROUP INC 25,500 7,457,985 0.93 Total (2018: USD 253,712,193) 339,540,712 42.19

Total equity securities (April 2019: USD 572,469,988*) 791,290,252 98.34 *Includes South Africa (USD 2,045,257)

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND (CONTINUED)

Unrealised gain/(loss) % 30.04.2020 Net Asset (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date USD 26,277,000 CHF 25,350,000 20 May 2020 (3,039) (0.00) USD 5,772,757 DKK 39,500,000 20 May 2020 (29,072) (0.00) USD 113,770,822 EUR 104,350,000 20 May 2020 (568,276) (0.07) USD 136,652,989 GBP 109,200,000 20 May 2020 (1,096,506) (0.14) USD 50,233,292 JPY 5,410,000,000 20 May 2020 (371,855) (0.05) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: USD 1,130,633) (2,068,748) (0.26)

Fair Value % of 30.04.2020 Net Asset (USD) Value

Total Investments 789,221,504 98.08 Other Net Assets 15,439,629 1.92 Total Net Assets 804,661,133 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 98.00 Over the counter financial derivative instruments (net) (0.26) Other assets 2.26 100.00

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value COLLECTIVE INVESTMENT SCHEMES

Liechtenstein - - -

Total collective investment schemes (April 2019: USD 119,442) - -

DEBT SECURITIES

Government bonds

Angola ANGOLA REP 9.125% 19-26.11.49 1,000,000 424,290 0.74 Total (April 2019: USD nil) 424,290 0.74

Qatar QATAR 4.817% 19-14.03.49 800,000 961,712 1.68 Total (April 2019: USD 1,073,920) 961,712 1.68

Ukraine UKRAINE TBILL 4.375% 27.01.30 REGS 500,000 421,329 0.73 Total (April 2019: USD nil) 421,329 0.73

Total government bonds (April 2019: USD 2,325,299*) 1,807,331 3.15 * includes Argentina (USD 865,315), Egypt (USD 386,064)

Corporate bonds

Austria JBS INVES II 5.75% 19-30.07.28 REGS 300,000 286,092 0.50 Total (April 2019: USD nil) 286,092 0.50

Bahamas IFH PERU-B 3.875% 19-15.08.29 250,000 223,653 0.39 Total (April 2019: USD nil) 223,653 0.39

Bermuda Islands GULF KEYS 10% 18-25.07.23 250,000 212,500 0.37 Total (April 2019: USD 464,844) 212,500 0.37

Canada FRONTERA EN 9.7% 18-25.06.23 500,000 334,770 0.58 Total (April 2019: USD nil) 334,770 0.58

Cayman Islands CDBL FUNDIN 3% 17-24.04.23 REGS 1,000,000 1,033,650 1.80 CHINA EVERG 8.90% 19-24.05.21 850,000 803,641 1.40 CIFI HOLDIN 6.45% 19-07.11.24 700,000 682,514 1.19 COMCEL TR 6.875% 14-06.02.24 200,000 198,428 0.35 COUNT GARD 5.125% 20-14.01.27 400,000 376,512 0.66 COUNT GARD 7.25% 19-08.04.26 500,000 515,735 0.90 DAR AL-ARK 6.75% 19-15.02.25 1,010,000 809,141 1.41 DIB TIER 1 6.25% 19-PERP 500,000 485,000 0.84 EMIRATES 5.125% 17-12.12.22 200,000 120,040 0.21 GOL FINANCE 7% 17-31.01.25 600,000 309,900 0.54 HKN ENERGY 11% 19-06.03.24 600,000 384,000 0.67

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Cayman Islands (continued) INVER CMPC 3.85% 20-13.01.30 250,000 238,595 0.41 IPIC GMTN 6.875% 11-01.11.41 300,000 427,500 0.74 LIMA ME 5.875%05.07.34 /POOL 500,000 301,321 0.52 PERU ENCH.0% 06-31.5.25 CL.A-2 500,000 333,492 0.58 SPARC 0% 17-5.12.22/POOL REGS 500,000 291,128 0.51 SUNAC CHINA 7.50% 19-01.02.24 600,000 578,580 1.01 YESTAR INTL 6.9% 16-15.09.21 200,000 121,338 0.21 Total (April 2019: USD 7,291,787) 8,010,515 13.95

Chile INVERSIONES4.375%13-15.5.23REGS 500,000 509,935 0.89 METRO 4.75% 14-04.02.24 800,000 836,792 1.46 Total (April 2019: USD 509,480) 1,346,727 2.35

China KUNMING RAI 3.90% 19-12.12.24 1,000,000 980,750 1.71 Total (April 2019: USD nil) 980,750 1.71

Columbia BANCOLOMBIA 4.875% 17-18.10.27 500,000 442,200 0.77 CREDI 8.875% 20-27.02.25 600,000 304,344 0.53 Total (April 2019: USD 1,227,850) 746,544 1.30

France CASINO GP 3.992% 13-PERP 700,000 327,615 0.57 Total (April 2019: USD 518,642) 327,615 0.57

Georgia BK GEORGIA 11.125% 19-PERP 400,000 364,000 0.63 SILKNET 11% 19-02.04.24 800,000 732,000 1.28 TBC BANK 10.775% 19-PERP 300,000 279,816 0.49 Total (April 2019: USD 946,793) 1,375,816 2.40

Great Britain PETRA DMNDS 7.25% 01.05.22 REGS 900,000 288,000 0.50 DTEK FINL 10.75% 31.12.24 PIK 600,000 270,402 0.47 Total (April 2019: USD 1,296,114) 558,402 0.97

Greece ALPHA BANK 4.25% 20-13.02.30 600,000 466,841 0.81 Total (April 2019: USD nil) 466,841 0.81

Hong Kong CNAC HK FIN 4.625% 18-14.03.23 400,000 414,132 0.72 Total (April 2019: USD 1,468,711) 414,132 0.72

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PORTFOLIO OF INVESTMENTS – LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

India ADANI PORTS 4% 17-30.07.27 REGS 800,000 681,960 1.19 POW FIN 3.75% 17-06.12.27 550,000 491,420 0.85 POW FIN 4.50% 19-18.06.29 400,000 366,340 0.64 SHRIRAM 5.95% 19-24.10.22 800,000 612,080 1.07 Total (April 2019: USD 1,706,399) 2,151,800 3.75

Ireland BORETS FIN 6.5% 17-07.04.22 600,000 563,598 0.98 CBOM FIN 7.5% 17-05.10.27 500,000 438,560 0.76 GTLK EUR CP 4.65% 20-10.03.27 750,000 694,110 1.21 Total (April 2019: USD 3,322,695) 1,696,268 2.95

Kazakhstan KAZTRANS 4.375% 17-26.9.27 REGS 400,000 377,844 0.66 NAT KAZAK 3.638% 14-20.06.22 900,000 929,467 1.62 Total (April 2019: USD 1,218,667) 1,307,311 2.28

Luxembourg 4FINANCE 10.75% 17-1.5.22 REGS 1,101,000 741,347 1.29 ALTICE FIN 5.0% 20-15.01.28 REGS 700,000 682,500 1.19 ATENTO LUXC 6.13%10.08.22 REGS 924,000 583,284 1.02 HIDROVIAS 5.95% 18-24.1.25 REGS 750,000 676,418 1.18 MHP 7.75% 17-10.05.24 500,000 489,615 0.85 MILLICOM 6.25% 19-25.3.29 REGS 400,000 389,232 0.68 MILLICOM IC 6.625% 18-15.10.26 500,000 503,015 0.88 MINERVA 5.875% 17-19.01.28 REGS 600,000 548,760 0.95 MINERVA LU 6.5% 16-20.9.26 REGS 200,000 191,324 0.33 ORC GERMANY 4.75% 19-08.03.23 600,000 618,630 1.08 PUMA 5.125% 17-06.10.24 REGS 700,000 473,648 0.82 RAIZN FUEL 5.3% 17-20.1.27 REGS 200,000 199,176 0.35 REDE 4.50% 20-22.01.30 REGS 500,000 424,510 0.74 Total (April 2019: USD 7,304,288) 6,521,459 11.36

Isle of Man GOHL CAP 4.25% 17-24.1.27 REGS 700,000 652,680 1.14 Total (April 2019: USD 397,876) 652,680 1.14

Malaysia SD INTL SUK 6.30% 19-09.05.22 600,000 571,770 1.00 Total (April 2019: USD 498,930) 571,770 1.00

Morocco OFFICE CHER 6.875% 14-25.04.44 500,000 593,945 1.03 Total (April 2019: USD 543,705) 593,945 1.03

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Mauritius Islands AZR PWR SLR 5.65% 19-24.12.24 REGS 400,000 368,764 0.64 BAYPORT MGT 11.5% 19-14.06.22 800,000 803,152 1.40 HTA GROUP 9.125% 17-08.03.22 400,000 386,856 0.68 Total (April 2019: USD 416,968) 1,558,772 2.72

Mexico ALPHA HLD 10% 17-19.12.22 REGS 650,000 466,876 0.81 ALPHA HLDG 9.0% 20-10.02.25 REGS 600,000 411,060 0.72 GRUPO KUO 5.75% 17-7.7.27 REGS 800,000 662,416 1.15 MEXICHEM 5.875% 14-17.09.44 500,000 479,045 0.84 OPERADORA D 8.25% 20-11.02.25 800,000 506,472 0.88 PEMEX 2.375% 16-14.12.21 150,000 136,679 0.24 PEMEX 6.5% 18-23.01.29 400,000 310,476 0.54 PEMEX PROJ.FDG 6.625% 05-35 400,000 279,516 0.49 UNIFIN FIN 7.375% 18-12.2.26 REGS 600,000 259,746 0.45 Total (April 2019: USD 2,598,000) 3,512,286 6.12

Netherlands DILIJAN FINANCE 6.50% 20-28.01.25 800,000 649,394 1.13 EQUATE PETR 3% 16-03.03.22 400,000 399,132 0.69 JABABEKA 6.5% 16-05.10.23 1,100,000 726,748 1.27 METINVEST 7.75% 19-17.10.29 900,000 577,512 1.01 NE PROP 1.75% 17-23.11.24 REGS 400,000 378,991 0.66 NE PROP 2.625% 19-22.05.23 350,000 354,293 0.62 TEVA PHAR 6% 18-15.04.24 600,000 594,858 1.04 TEVA PHAR 6.75% 18-01.03.28 600,000 615,810 1.07 Total (April 2019: USD 2,647,248) 4,296,738 7.49

Nigeria AFRICA FINA 0.522% 19-20.12.23 750,000 754,853 1.31 Total (April 2019: USD nil) 754,853 1.31

Norway DNO A 8.375% 19-29.05.24 1,000,000 640,000 1.11 Total (April 2019: USD nil) 640,000 1.11

Panama ENA 5.25% 11-25.5.25/POOL REGS 1,000,000 93,608 0.16 ENA NORTE 4.95% 25.04.28 /POOL 800,000 440,465 0.77 Total (April 2019: USD 731,673) 534,073 0.93

Paraguay FRGRIFIO 10.25%20-29.01.25/POOL 500,000 485,000 0.84 Total (April 2019: USD nil) 485,000 0.84

Peru CAMPOSOL 6.0% 20-03.02.27 1,000,000 933,710 1.63 Total (April 2019: USD 989,774) 933,710 1.63

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Saudi Arabia SAUDI OIL 4.25% 19-16.4.39 REGS 500,000 514,135 0.90 SAUDI OIL 4.375% 19-16.04.49 REGS 400,000 414,080 0.72 Total (April 2019: USD 194,860) 928,215 1.62

Singapore MEDCO PLT 6.75% 18-30.1.25 REGS 700,000 432,012 0.75 MODERNLAND 6.95%13.4.24 300,000 189,891 0.33 UOBSP 3.875% 17-PERP 500,000 480,740 0.84 Total (April 2019: USD 1,421,051) 1,102,643 1.92

South Africa ESKOM HOLDI 6.35% 18-10.08.28 500,000 445,570 0.78 Total (April 2019: USD 758,215) 445,570 0.78

South Korea KOOKMIN BK 4.5% 19-01.02.29 500,000 532,645 0.93 Total (April 2019: USD 519,905) 532,645 0.93

Togo BOAD 4.7% 19-22.10.31 450,000 403,875 0.70 Total (April 2019: USD nil) 403,875 0.70

United Arab Emirates EM SEMBCO 4.45% 17-01.08.35 400,000 440,000 0.77 EMIRATE NBD 6.125% 19-PERP REGS 600,000 565,596 0.98 EMIRATES DE 3.516% 19-6.3.24 REGS 600,000 613,578 1.07 MASHREQBK 4.25% 19-26.02.24 700,000 694,470 1.21 NBK TIER 1 5.75% 15-PERP 400,000 379,912 0.66 TABREED SUK 5.5% 18-31.10.25 600,000 628,740 1.10 UNION NATIO 4% 18-13.03.23 400,000 410,264 0.71 Total (April 2019: USD 3,372,956) 3,732,560 6.50

United States of America SASOL FIN U 5.875% 18-27.03.24 800,000 528,744 0.92 Total (April 2019: USD 932,969) 528,744 0.92

Virgin Islands CHALCO HK 4.875% 18-07.09.21 500,000 510,840 0.89 EASTERN CRE 4.15% 18-04.12.21 REGS 400,000 411,224 0.72 FORTUNE 6.75% 19-02.07.23 300,000 290,376 0.50 GF OROGEN 6.125% 19-15.05.29 800,000 835,752 1.46 GTL TRADE 5.893% 14-29.04.24 650,000 654,108 1.14 HUARONG 3.875% 19-13.11.29 700,000 685,286 1.19 SCENERY JOU 11.50% 20-24.10.22 900,000 802,134 1.40 Total (April 2019: USD 4,767,722) 4,189,720 7.30 Total corporate bonds (April 2019: USD 58,397,398*) 53,358,994 92.95 * includes Argentina (USD 1,810,223), Brazil (USD 1,927,836), Bulgaria (USD 691,517), Czech Republic (USD 811,665), Dominican Republic (USD 415,892), Guernsey (USD 589,443), Poland (USD 846,307), Spain (USD 417,004), Thailand (USD 598,110), Turkey (USD 2,221,279)

139

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND (CONTINUED)

Unrealised Open gain/(loss) % position 30.04.2020 Net Asset 30.04.2020 (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS

Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date EUR 32,111 USD 34,800 20 May 2020 385 0.00 EUR 155,995 USD 170,268 20 May 2020 661 0.00 EUR 472,012 USD 511,533 20 May 2020 5,664 0.01 EUR 10,027,803 USD 10,945,026 20 May 2020 42,728 0.08 USD 1,769,407 CHF 1,725,000 26 June 2020 (20,851) (0.04) USD 1,817,297 EUR 1,670,000 26 June 2020 (14,066) (0.02) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: USD (24,392)) 14,521 0.03

Fair Value % of 30.04.2020 Net Asset (USD) Value

Total Investments 55,180,846 96.13 Other Net Assets 2,222,966 3.87 Total Net Assets 57,403,812 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 95.02 Over the counter financial derivative instruments (net) 0.03 Other assets 4.95 100.00

140

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND CORPORATES SUB-FUND

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in USD) Value COLLECTIVE INVESTMENT SCHEMES

Luxembourg DUAL R V MIC LC--I-USD/CAP 3,023 399,882 0.55 DUAL R V MICRO FIN-I- USD/CAP 3,084 391,545 0.54 Total (April 2019: USD 620,967) 791,427 1.09

Total collective investment schemes (April 2019: USD 620,967) 791,427 1.09

DEBT SECURITIES

Government bonds

Chile CHILE 0.83% 19-02.07.31 500,000 500,404 0.69 Total (April 2019: USD nil) 500,404 0.69

Spain MADRID 0.419% 20-30.04.30 200,000 208,845 0.29 Total (April 2019: USD nil) 208,845 0.29

Total government bonds (April 2019: USD nil) 709,249 0.98

Corporate bonds

Australia AUST & NZ B 4.5% 14-19.03.24 500,000 529,500 0.73 Total (April 2019: USD 363,258) 529,500 0.73

Austria OMV 5.25% 15-PERP 1,000,000 1,117,896 1.54 OMV 6.25% 15-PERP 400,000 492,526 0.68 Total (April 2019: USD 139,060) 1,610,422 2.22

Canada BMW CANADA 1.88% 17-11.12.20 1,300,000 932,336 1.29 RBC 0.25% 19-02.05.24 1,000,000 1,069,265 1.47 Total (April 2019: USD 604,752) 2,001,601 2.76

Cayman Islands PERU ENCH.0% 06-31.5.25 CL.A-2 250,000 166,746 0.23 Total (April 2019: USD 201,989) 166,746 0.23

Denmark DONG ENERGY 2.25% 17-PERP 900,000 987,219 1.36 ORSTED 1.75% 19-09.12.3019 400,000 426,383 0.59 ORSTED 2.125% 19-17.05.27 1,300,000 1,705,657 2.35 Total (April 2019: USD 225,487) 3,119,259 4.30

Finland ELISA CORP 1.125% 19-26.02.26 300,000 333,693 0.46 SAMPO BK 1.25% 17-30.05.25 500,000 559,255 0.77 Total (April 2019: USD 656,542) 892,948 1.23

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND CORPORATES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

France ARKEMA 4.75% 14-PERP 800,000 880,647 1.21 BNP PAR 4.50% 20-PERP 600,000 497,154 0.69 BNPP 1% 18-17.04.24 800,000 883,863 1.22 BQE POSTALE 1.375% 19-24.04.29 400,000 444,337 0.61 CASINO 3.58% 14-07.02.25 ST-UP 900,000 825,701 1.14 CNP ASSURAN 2% 19-27.07.50 1,000,000 1,091,817 1.51 COVIVIO SA 1.125% 19-17.09.31 200,000 200,306 0.28 DANONE 1% 18-26.03.25 900,000 1,033,304 1.42 ESSILOR 2.5% 17-30.06.22 200,000 204,560 0.28 KLEPI 1.625% 17-13.12.32 300,000 303,814 0.42 LA POSTE SA 1.45% 18-30.11.28 100,000 116,226 0.16 LVMH 0.125% 20-11.02.28 REGS 200,000 215,216 0.30 PEUGEOT 2% 18-20.03.25 100,000 108,127 0.15 QUATRIM S 5.875% 31.01.24 200,000 221,998 0.31 RATP 0.35% 19-20.06.29 700,000 775,957 1.07 RENAULT 1.25% 19-24.06.25 100,000 98,926 0.14 TOTAL SA 1.75% 19-PERP REGS 200,000 210,376 0.29 TOTAL SA 2.708% 16-PERP 200,000 218,804 0.30 TOTAL SA 3.369% 16-PERP 200,000 227,719 0.31 TOTAL SA 3.875% 16-PERP 400,000 447,430 0.62 UNIBAIL ROD 1% 15-14.03.25 300,000 318,617 0.44 Total (April 2019: USD 2,793,471) 9,324,899 12.87

Germany COMZBK 8.125% 13-19.9.23 REGS 400,000 436,652 0.60 HENKEL KGAA 1.0% 19-30.09.22 200,000 251,841 0.35 HENKEL KGAA 1.25% 19-30.09.26 200,000 250,027 0.35 KFW 0.875% 19-15.09.26 400,000 512,648 0.71 MERCK KGAA 2.875% 19-25.06.79 100,000 111,927 0.15 Total (April 2019: USD 675,912) 1,563,095 2.16

Great Britain BPCM 0.831% 19-08.11.27 200,000 207,325 0.29 BPCM 1.876% 20-07.04.24 500,000 560,169 0.77 HSBC FRN 85-PERP 1,000,000 758,690 1.05 HSBC HLDG 6.875% 16-PERP/ FTF 1,000,000 1,000,300 1.38 RBS GROUP 0.75% 19-15.11.25 200,000 209,294 0.29 SSE 0.875% 17-06.09.25 REGS 1,300,000 1,437,275 1.98 SSE 1.375% 18-04.09.27 300,000 342,601 0.47 VODAFONE 1.125% 17-20.11.25 300,000 338,609 0.47 Total (April 2019: USD 414,464) 4,854,263 6.70

Greece BK PIRAEUS 5.50% 20-19.02.30 REGS 800,000 497,363 0.69 Total (April 2019: USD nil) 497,363 0.69

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PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND CORPORATES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Ireland AIB GRP 1.25% 19-28.05.24 700,000 746,407 1.03 BK OF I 1% 19-25.11.25 300,000 311,224 0.43 Total (April 2019: USD 960,825) 1,057,631 1.46

Italy ASSGEN 2.124% 19-01.10.30 500,000 515,289 0.71 FER D STATO 1.125% 19-09.07.26 300,000 318,581 0.44 HERA SPA 2.375% 14-04.07.24 200,000 234,504 0.32 RADIOTELEVI 1.375% 19-04.12.24 600,000 647,993 0.90 TERNA 1% 18-23.07.23 600,000 662,247 0.91 TERNA 1% 19-10.04.26 100,000 110,114 0.15 Total (April 2019: USD 1,063,085) 2,488,728 3.43

Luxembourg MEDTRNC 1.125% 19-07.03.27 300,000 344,523 0.48 TAKKO LUX FRN 17-15.11.23 300,000 190,211 0.26 Total (April 2019: USD 573,512) 534,734 0.74

Netherlands BMW FIN 0.125% 17-03.07.20 REGS 1,300,000 1,422,224 1.96 BNG 0.05% 19-20.11.29 300,000 330,443 0.46 DELTA LLOYD 9% 12-29.08.42 500,000 640,444 0.88 EDP FIN BV 0.375% 19-16.09.26 300,000 318,289 0.44 IBERDROLA I 1.875% 17-PERP REGS 500,000 547,935 0.76 IBERDROLA I 2.625% 18-PERP 300,000 336,519 0.46 IBERDROLA I 3.25% 19-PERP 100,000 115,012 0.16 ING GROEP 6.875% 16-PERP 600,000 598,590 0.83 ING GROUP 4.875% 20-PERP 600,000 522,366 0.72 KON AH DEL 1.75% 20-02.04.27 300,000 351,890 0.49 KON DSM 2.375% 14-03.04.24 1,000,000 1,177,185 1.62 POSTNL 0.625% 19-23.09.26 400,000 429,778 0.59 RABOBK 6.625% 16-PERP 600,000 668,168 0.92 TENNET 2.995%(FRN) 17-PERP REGS 500,000 557,119 0.77 Total (April 2019: USD 1,655,351) 8,015,962 11.06

Poland MBANK 1.0183% 19-04.10.24 400,000 380,737 0.53 Total (April 2019: USD 391,898) 380,737 0.53

Portugal BCP 4.5% 17-07.12.27 600,000 560,101 0.77 EDP 1.70% 20-20.07.80 REGS 100,000 99,429 0.14 Total (April 2019: USD nil) 659,530 0.91

South Korea LG CHEM 0.5% 19-15.04.23 REGS 550,000 574,403 0.79 LG CHEM 3.25% 19-15.10.24 300,000 306,315 0.42 Total (April 2019: USD nil) 880,718 1.21

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND CORPORATES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

Spain IBESM 0.875% 20-16.06.25 400,000 449,940 0.62 IBESM 1% 17-07.03.25 200,000 226,184 0.31 Total (April 2019: USD 449,983) 676,124 0.93

Sweden SHB 1.625% 18-05.03.29 800,000 884,336 1.22 SHB 5.25% 15-PERP 400,000 396,088 0.55 Total (April 2019: USD 399,448) 1,280,424 1.77

Switzerland BALOISE 0% 19-25.09.26 150,000 149,329 0.20 BALOISE 0% 19-25.09.29 150,000 143,006 0.20 CS GROUP 7.5% 13-PERP 600,000 631,398 0.87 KT GENF 0% 19-26.05.28 200,000 207,323 0.29 UBS GROUP 5.75% 15-PERP 500,000 565,240 0.78 UBS GROUP 6.875% 16-PERP 800,000 800,552 1.10 UBS GROUP F 3.126% 19-13.08.30 300,000 311,493 0.43 Total (April 2019: USD nil) 2,808,341 3.87

Thailand THAIOIL 3.625% 18-23.01.23 REGS 895,000 916,167 1.26 Total (April 2019: USD nil) 916,167 1.26

United Arab Emirates NBADUH 3% 17-30.03.22 REGS 800,000 817,152 1.13 Total (April 2019: USD nil) 817,152 1.13

United States of America 3M CO 1.875% 13-15.11.21 300,000 336,361 0.46 3M CO 3% 18-14.09.21 400,000 411,144 0.57 ABBVIE 2.95% 19-21.11.26 450,000 474,345 0.65 ACTIVISION 2.6% 17-15.06.22 800,000 820,387 1.13 APPLE INC 0.50% 19-15.11.31 300,000 334,998 0.46 APPLE INC 3% 17-20.06.27 400,000 440,556 0.61 AU & NZ BKG 1.125% 19-21.11.29 1,100,000 1,155,480 1.59 BAC 2.456% 19-22.10.25 800,000 815,592 1.13 BALL 4% 15.11.23 400,000 408,840 0.56 BOA NA 3.335%(FRN) 19-25.1.23 800,000 826,104 1.14 BP CAP MKT 3.194% 20-06.04.25 500,000 523,150 0.72 BP CAP MKT 3.588% 18-14.04.27 42,000 44,004 0.06 CAMPBELL S 3.65% 18-15.03.23 886,000 932,143 1.29 CITIBANK 3.165%(FRN) 19-19.2.22 250,000 253,125 0.35 CITIGP 3.5% 13-15.5.23 800,000 831,104 1.15 CONS EDISON 3.35% 20-01.04.30 200,000 220,014 0.30 CROWN CASTL 3.15% 18-15.07.23 500,000 522,130 0.72 DIGITAL EUR 2.5% 19-16.01.26 800,000 922,733 1.27 ESTEE LAUDER 2.35% 12-15.8.22 200,000 201,886 0.28 GEN MILLS 2.6% 17-12.10.22 200,000 205,970 0.28

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND CORPORATES SUB-FUND (CONTINUED)

Nominal Fair Value % value 30.04.2020 Net Asset 30.04.2020 (in USD) Value DEBT SECURITIES (CONTINUED)

Corporate bonds (continued)

United States of America (continued) GILEAD SC 3.5% 14-01.02.25 850,000 934,116 1.29 GS 3.625% 19-20.02.24 500,000 529,365 0.73 GS FRN 16-15.11.21 300,000 299,538 0.41 INTL BK REC 0.25% 19-21.05.29 GDIF 200,000 225,524 0.31 JPMORGAN CH 3.96% 19-29.01.27 1,000,000 1,091,510 1.51 KELLOGG CO 3.4% 17-15.11.27 500,000 537,290 0.74 KROGER CO 2.65% 16-15.10.26 400,000 419,256 0.58 KROGER CO 3.7% 17-01.08.27 500,000 553,595 0.76 KROGER CO 3.85% 13-01.08.23 200,000 214,266 0.30 MICROSOFT 2.4% 16-08.08.26 500,000 536,805 0.74 MICROSOFT 2.65% 15-03.11.22 800,000 838,000 1.16 MOODY S CR 2.75% 17-15.12.21 500,000 510,615 0.70 MOR ST 5.75% 11-25.1.2021 500,000 516,190 0.71 NATL GRID N 2.375% 15-30.09.20 500,000 498,750 0.69 NOVARTIS CA 1.75% 20-14.02.25 300,000 308,859 0.43 RABOBK NY 0.25% 19-30.10.26 800,000 854,229 1.18 SPRINT 3.36%20.03.23/POOL 144A 400,000 150,375 0.21 SPRINT 4.738% 20.3.25/POOL REGS 1,000,000 1,052,500 1.45 T-MOBILE US 3.75% 20-15.04.27 500,000 534,785 0.74 T-MOBILE US 3.875% 20-15.04.30 REGS 500,000 545,740 0.75 TOYOTA 0% 17-21.07.21 1,100,000 1,195,047 1.65 TOYOTA 2.15% 20-13.02.30 100,000 98,440 0.14 UBS AG ST 7.625% 12-17.8.2022 500,000 536,800 0.74 VERIZON COM 0.875% 19-08.04.27 400,000 451,794 0.62 Total (April 2019: USD 6,935,721) 24,113,455 33.26

Total corporate bonds (April 2019: USD 19,046,952*) 69,189,799 95.45 *includes Belgium (USD 340,786), Norway (USD 201,408)

Unrealised Open gain/(loss) % position 30.04.2020 Net Asset 30.04.2020 (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS

Futures contracts, long positions

United States Dollar 5Y TREASURY NOTES USA 30/06/2020 60 9,375 0.01

Total long positions (April 2019: 10,188) 9,375 0.01 Counterparty: RBC Investor Services Bank S.A. Total futures positions (April 2019: 10,188) 9,375 0.01

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE BOND CORPORATES SUB-FUND (CONTINUED)

Unrealised gain/(loss) % 30.04.2020 Net Asset (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS (CONTINUED)

Forward currency contracts Sub-Fund Buys Sub-Fund Sells Maturity date CAD 810,000 USD 584,331 4 May 2020 (1,156) (0.00) EUR 165,600 USD 180,752 20 May 2020 701 0.00 EUR 9,337,887 USD 10,192,005 20 May 2020 39,789 0.06 EUR 200,000 USD 217,683 11 June 2020 1,568 0.00 EUR 308,538 USD 340,000 11 June 2020 (1,763) (0.00) EUR 500,000 USD 544,125 11 June 2020 4,004 0.01 EUR 700,000 USD 762,322 11 June 2020 5,057 0.01 EUR 1,656,566 USD 1,800,000 11 June 2020 16,022 0.02 EUR 2,314,676 USD 2,500,000 11 June 2020 37,479 0.05 USD 356,120 CAD 500,000 11 June 2020 (3,911) (0.01) USD 584,354 CAD 810,000 11 June 2020 1,102 0.00 USD 933,652 CHF 907,327 11 June 2020 (7,574) (0.01) USD 325,002 EUR 300,000 11 June 2020 (3,871) (0.01) USD 353,908 EUR 330,000 11 June 2020 (7,850) (0.01) USD 384,827 EUR 350,000 11 June 2020 1,137 0.00 USD 434,744 EUR 400,000 11 June 2020 (3,755) (0.01) USD 651,635 EUR 600,000 11 June 2020 (6,114) (0.01) USD 756,962 EUR 700,000 11 June 2020 (10,409) (0.01) USD 1,000,000 EUR 919,736 11 June 2020 (8,260) (0.01) USD 1,632,893 EUR 1,500,000 11 June 2020 (11,483) (0.02) USD 3,256,419 EUR 3,000,000 11 June 2020 (32,324) (0.04) USD 4,117,876 EUR 3,820,000 11 June 2020 (69,765) (0.10) USD 4,334,564 EUR 4,000,000 11 June 2020 (50,420) (0.07) USD 5,000,000 EUR 4,519,725 11 June 2020 45,180 0.06 USD 6,483,948 EUR 6,000,000 11 June 2020 (93,512) (0.13) USD 15,292,746 EUR 14,000,000 11 June 2020 (54,804) (0.07) USD 1,416,008 GBP 1,090,194 11 June 2020 40,638 0.06 USD 1,356,589 GBP 1,100,000 11 June 2020 (31,139) (0.04) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: USD 208,683) (205,433) (0.28)

Fair Value % of 30.04.2020 Net Asset (in USD) Value

Total Investments 70,494,417 97.25 Other Net Assets 1,994,668 2.75 Total Net Assets 72,489,085 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 94.70 Exchanged traded financial derivative instruments (net) 0.01 Over the counter financial derivative instruments (net) (0.28) Other assets 5.57 100.00

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in USD) Value EQUITY SECURITES

Brazil AMBEV SA SADR 240,200 516,430 0.44 Total (April 2019: USD 408,828) 516,430 0.44

Canada ALGONQUIN POWER & UTILITIES 17,600 244,559 0.21 Total (April 2019: USD 265,972) 244,559 0.21

Cayman Islands ENN ENERGY HOLDINGS 97,600 1,102,859 0.95 Total (April 2019: USD 130,341) 1,102,859 0.95

Denmark AMBU A/S 11,200 351,262 0.30 NOVO NORDISK A/S /-B- 15,800 1,007,532 0.87 VESTAS WIND SYSTEMS AS / REG 11,260 969,161 0.83 Total (April 2019: USD 979,001) 2,327,955 2.00

Finland KONE OYJ -B- 13,700 830,111 0.71 YIT OYJ 56,500 309,422 0.27 Total (April 2019: USD 423,119) 1,139,533 0.98

France CAPGEMINI SE 14,930 1,402,092 1.21 DANONE 60,080 4,162,864 3.58 ILIAD 1,114 165,942 0.14 KERING SA 1,109 558,999 0.48 L OREAL 7,585 2,204,073 1.89 TOTAL SA 7,200 259,060 0.22 Total (April 2019: USD 4,793,348) 8,753,030 7.52

Germany ADIDAS AG 3,740 856,972 0.74 DEUTSCHE BOERSE AG /NAM. 3,410 529,432 0.46 DEUTSCHE POST AG 17,434 518,442 0.44 KION GROUP 13,800 684,867 0.59 SAP SE 16,990 2,027,280 1.74 SYMRISE AG 2,280 230,549 0.20 Total (April 2019: USD 2,119,985) 4,847,542 4.17

Great Britain DIAGEO PLC 53,837 1,867,451 1.60 INTERCONTINENTAL HOTELS GROUP PLC 15,750 716,775 0.62 ITV PLC 1,511,300 1,458,303 1.25 NIELSEN HOLDINGS PLC 91,300 1,344,849 1.16 PRUDENTIAL PLC 180,350 2,567,162 2.21 RECKITT BENCKISER GROUP PLC 36,500 3,052,404 2.62 RIO TINTO PLC /REG. 11,025 512,381 0.44 SAGE GRP 250,460 2,021,873 1.74 SMITH AND NEPHEW PLC 38,400 754,630 0.65 SSE PLC 112,020 1,766,205 1.52 Total (April 2019: USD 6,820,403) 16,062,033 13.81 147

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND (CONTINUED)

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in USD) Value EQUITY SECURITES (CONTINUED)

Ireland ACCENTURE PLC 5,580 1,033,360 0.89 MEDTRONIC HOLDINGS LIMITED 35,175 3,434,136 2.95 Total (April 2019: USD 2,106,714) 4,467,496 3.84

Italy HERA SPA 176,400 652,666 0.56 MEDIOBANCA BCA CREDITO FINANZ. 81,800 473,782 0.41 PRYSMIAN SPA 31,970 601,237 0.52 Total (April 2019: USD 689,381) 1,727,685 1.49

Japan MITSUBISHI ESTATE CO. 95,500 1,574,029 1.36 NINTENDO CO.LTD 11,200 4,676,488 4.02 NITORI HOLDINGS CO LTD 7,100 1,096,854 0.94 Total (April 2019: USD 2,738,473) 7,347,371 6.32

Netherlands HEINEKEN NV 35,770 3,041,065 2.61 ING GROUP NV 229,600 1,259,416 1.08 UNILEVER NV 79,330 3,960,453 3.41 Total (April 2019: USD 3,546,464) 8,260,934 7.10

Norway DNB ASA 36,300 441,162 0.38 EQUINOR ASA 55,200 774,835 0.67 Total (April 2019: USD 233,700) 1,215,997 1.05

South Africa ANGLOGOLD ASHAN./SADS REP.1 SH 47,260 1,152,671 0.99 ANGLOGOLD ASHANTI LTD 18,900 478,234 0.41 Total (April 2019: USD 634,312) 1,630,905 1.40

Spain BANKINTER SA 194,000 799,806 0.69 EDP RENOVAVEIS SA 23,200 284,603 0.24 GRIFOLS. SA 50,500 1,718,011 1.48 IBERDROLA SA 146,017 1,461,782 1.26 Total (April 2019: USD 1,670,477) 4,264,202 3.67

Sweden ASSA ABLOY AB 28,466 513,086 0.44 BOLIDEN AB 32,750 671,615 0.58 Total (April 2019: USD 1,577,741) 1,184,701 1.02

Switzerland GEBERIT AG/NAMEN-AKTIEN 3,180 1,426,988 1.23 GIVAUDAN SA /REG. 254 850,833 0.73 ROCHE HOLDING AG /GENUSSSCHEIN 1,995 693,387 0.59 Total (April 2019: USD 815,954) 2,971,208 2.55

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND (CONTINUED)

Fair Value % of Shares 30.04.2020 Net Asset 30.04.2020 (in USD) Value EQUITY SECURITES (CONTINUED)

Taiwan TAIWAN SEMICONDUCT.MANUF/SADR 13,200 701,316 0.60 Total (April 2019: USD nil) 701,316 0.60

United States of America AFFILIATED MANAGERS GROUP INC 19,700 1,378,212 1.18 AGILENT TECHNOLOGIES 21,200 1,625,192 1.40 AKAMAI TECHNOLOGIES INC 18,300 1,788,093 1.54 ALPHABET INC -A- 3,603 4,852,160 4.17 AUTOZONE INC 200 204,064 0.18 CERNER CORP 26,910 1,867,285 1.61 CHURCH & DWIGHT CO INC 15,700 1,098,843 0.94 COGNIZANT TECHNOLOGY SOL A 21,700 1,259,034 1.08 COLGATE-PALMOLIVE CO. 32,530 2,285,883 1.97 COMCAST CORP/-A- 11,300 425,219 0.37 ESTEE LAUDER CO -A- 13,870 2,446,668 2.10 ETSY INC 3,930 254,939 0.22 IDEXX LABORATORIES INC. 2,520 699,552 0.60 INTUIT 5,600 1,510,936 1.30 JOHNSON & JOHNSON 4,530 679,681 0.58 KEYCORP 25,450 296,493 0.25 MICROSOFT CORP. 17,540 3,143,343 2.70 MORGAN STANLEY 11,750 463,303 0.40 NEWMONT RG REGISTERED SHS 33,200 1,974,736 1.70 PEPSICO INC 9,160 1,211,776 1.04 ROSS STORES INC 12,830 1,172,149 1.01 STRYKER CORP. 10,000 1,864,300 1.60 UNITEDHEALTH GROUP INC 6,000 1,754,820 1.51 Total (April 2019: USD 17,280,827) 34,256,681 29.45 Total equity securities (April 2019: USD 47,235,040) 103,022,437 88.57

Option contracts

Put options - -

Counterparty: RBC Investor Services Bank S.A. Total option contracts (April 2019: USD (65,828)*) - - * includes United States of America put options (USD (65,828))

149

CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND (CONTINUED)

Open Unrealised position gain/(loss) % as at 30.04.2020 Net Asset 30.04.2020 (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS

Futures contracts, short positions

Australian Dollar S&P / ASX 200 INDEX 18/06/2020 (40) (416,389) (0.36) Total (April 2019: USD (26,957)) (416,389) (0.36)

Euro AEX 15/05/2020 (97) (143,855) (0.12) CAC 40 15/05/2020 (249) (156,820) (0.14) DAX-INDEX 19/06/2020 (15) (933,839) (0.80) FTSE MIB INDEX 19/06/2020 (10) (149,289) (0.13) Total (April 2019: USD (534,050)) (1,383,803) (1.19)

Great Britain Pound UKX FTSE 100 INDEX 19/06/2020 (122) (1,203,862) (1.03) Total (April 2019: USD (142,255)) (1,203,862) (1.03)

Hong Kong HONG KONG HANG SENG INDICES 29/06/2020 (12) (75,325) (0.06) Total (April 2019: USD nil) (75,325) (0.06)

Japanese Yen TOPIX INDEX (TOKYO) 11/06/2020 (39) (321,363) (0.28) Total (April 2019: USD (5,746)) (321,363) (0.28)

Swedish Krona SWED OPTI OMX STOCKHOLM 30 I 15/05/2020 (61) (36,410) (0.03) Total (April 2019: USD (7,605)) (36,410) (0.03)

Swiss Franc SMI INDEX/OHNE DIVIDENDENKOR 19/06/2020 (47) (753,251) (0.65) Total (April 2019: USD (96,428)) (753,251) (0.65)

United States Dollar S&P 500 EMINI INDEX 19/06/2020 (330) (7,023,591) (6.03) S&P INDICES S&P/TSX 60 INDEX 18/06/2020 (27) (537,543) (0.47) Total (April 2019: USD (1,045,686)) (7,561,134) (6.50)

Total short positions (April 2019: USD (1,858,727) (11,751,537) (10.10) Counterparty: RBC Investor Services Bank S.A. Total futures positions (April 2019: USD (1,858,727) (11,751,537) (10.10)

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

PORTFOLIO OF INVESTMENTS – LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND (CONTINUED)

Unrealised gain/(loss) % 30.04.2020 Net Asset (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS (CONTINUED)

Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date CHF 461,165 USD 478,207 20 May 2020 (123) (0.00) EUR 11,347 USD 12,358 20 May 2020 76 0.00 EUR 220,000 USD 239,060 20 May 2020 2,000 0.00 EUR 500,000 USD 542,818 20 May 2020 5,047 0.00 EUR 950,000 USD 1,033,889 20 May 2020 7,054 0.01 EUR 1,666,215 USD 1,818,621 20 May 2020 7,100 0.01 EUR 31,885,220 USD 34,801,697 20 May 2020 135,863 0.11 GBP 100,000 USD 124,471 20 May 2020 1,673 0.00 GBP 520,000 USD 648,787 20 May 2020 7,164 0.01 USD 629,417 AUD 1,000,000 20 May 2020 (25,325) (0.02) USD 596,369 CAD 840,000 20 May 2020 (8,435) (0.01) USD 513,650 CHF 500,000 20 May 2020 (4,692) (0.00) USD 3,046,607 CHF 2,940,000 20 May 2020 (1,255) (0.00) USD 2,468,266 DKK 16,900,000 20 May 2020 (14,035) (0.01) USD 110,539 EUR 101,455 20 May 2020 (628) (0.00) USD 1,631,535 EUR 1,500,000 20 May 2020 (12,054) (0.01) USD 31,246,516 EUR 28,680,000 20 May 2020 (178,922) (0.15) USD 997,082 GBP 800,000 20 May 2020 (12,071) (0.01) USD 14,173,883 GBP 11,360,000 20 May 2020 (156,098) (0.14) USD 1,766,438 HKD 13,700,000 20 May 2020 (287) (0.00) USD 5,569,360 JPY 600,000,000 20 May 2020 (43,040) (0.04) USD 1,119,455 NOK 11,766,000 20 May 2020 (31,986) (0.03) USD 1,745,663 SEK 17,520,000 20 May 2020 (48,411) (0.04) USD 1,498,608 ZAR 28,000,000 20 May 2020 (22,654) (0.02) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: USD 53,454) (394,039) (0.34)

Fair Value % of 30.04.2020 Net Asset (in USD) Value

Total Investments 90,876,861 78.13 Other Net Assets 25,442,738 21.87 Total Net Assets 116,319,599 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 79.81 Exchanged traded financial derivative instruments (net) (9.10) Over the counter financial derivative instruments (net) (0.31) Other assets 29.60 100.00

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PORTFOLIO OF INVESTMENTS – LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (USD) Value EQUITY SECURITIES

Canada TIDEWATER 7,369,000 3,024,103 2.20 Total (April 2019: USD 1,877,491) 3,024,103 2.20

France VERALLIA-144A REG S 146,153 3,681,872 2.67 Total (April 2019: USD nil) 3,681,872 2.67

Great Britain CUSHMAN & WAKEFIELD PLC 510,000 6,206,700 4.51 GATES INDUSTRIAL CORP PLC 450,000 3,865,500 2.81 TI FLUID SYSTEMS PLC 3,200,000 6,441,967 4.67 WATCH SWITZ 1,273,269 4,015,095 2.91 Total (April 2019: USD 10,227,671) 20,529,262 14.90

Italy BANCA FARMAFACTORING S.P.A. 1,027,844 5,308,135 3.85 NEXI S.P.A. 530,000 8,025,537 5.83 RECORDATI IND CHIMICA/POST RAG 187,000 8,125,253 5.90 Total (April 2019: USD 8,560,590) 21,458,925 15.58

Norway NORWEGIAN FINANS HOLDING ASA 1,100,000 5,914,664 4.29 SATS RG 769,960 1,360,679 0.99 Total (April 2019: USD 2,708,766) 7,275,343 5.28

Spain NATURGY ENERGY /SPLIT ISSUE 478,000 8,434,445 6.12 Total (April 2019: USD 3,632,144) 8,434,445 6.12

Switzerland SOFTWONE HLDG N 445,000 8,557,423 6.21 Total (April 2019: USD nil) 8,557,423 6.21

United States of America ADVANCED DRAINAGE SYSTEMS 147,500 5,979,650 4.34 AT HOME GROUP INC 330,000 775,500 0.56 BRIGHTVIEW HOLDINGS INC 641,500 8,224,030 5.97 CHANGE HEALTHCARE INC 520,000 6,052,800 4.39 EVOQUA WATER TECHNOLOGIES CORP 500,000 8,025,000 5.83 FLOOR & DECOR HOLDINGS INC -A- 145,000 6,148,000 4.46 GROCERY OUTLET HOLDING CORP 115,000 3,826,050 2.78 INGERSOLL RAND INC 203,000 5,903,240 4.29 JELD-WEN HOLDING INC 454,000 5,765,800 4.19 LIBERTY OILFIELD SERVICES -A- 420,000 1,982,400 1.44

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PORTFOLIO OF INVESTMENTS – LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND (CONTINUED)

Fair Value % Shares 30.04.2020 Net Asset 30.04.2020 (USD) Value EQUITY SECURITIES (CONTINUED)

United States of America (continued) PALOMAR HLDGS -REGISTERED SHS 68,000 3,978,000 2.89 PLAYAGS INC 600,000 2,634,000 1.91 PPD RG 260,000 6,214,000 4.51 PQ GROUP HOLDINGS INC 527,926 6,187,293 4.49 SOLARWINDS CORPORATION 483,000 8,201,340 5.95 WIDEOPENWEST INC 580,000 3,433,600 2.49 Total (April 2019: USD 40,414,481) 83,330,703 60.49 Total equity securities (April 2019: 73,695,406) 156,292,076 113.45 *Includes Cayman Islands (USD 1,782,680), Sweden (USD 4,491,583)

Unrealised gain/(loss) % 30.04.2020 Net Asset (in USD) Value FINANCIAL DERIVATIVE INSTRUMENTS Forward currency contracts

Sub-Fund Buys Sub-Fund Sells Maturity date USD 2,322,097 CAD 3,300,000 4 May 2020 (53,804) (0.04) USD 614,766 CHF 600,000 4 May 2020 (6,953) (0.01) USD 5,391,143 CHF 5,200,000 4 May 2020 2,908 0.00 USD 764,903 EUR 700,000 4 May 2020 (1,853) (0.00) USD 2,597,026 EUR 2,400,000 4 May 2020 (31,851) (0.02) USD 23,060,268 EUR 21,000,000 4 May 2020 57,579 0.04 USD 1,364,283 GBP 1,100,000 4 May 2020 (23,214) (0.02) USD 5,445,761 GBP 4,400,000 4 May 2020 (104,226) (0.07) USD 473,158 NOK 5,000,000 4 May 2020 (16,107) (0.01) USD 5,052,601 NOK 53,000,000 4 May 2020 (133,606) (0.10) Counterparty: LGT Bank AG Net unrealised gain/(loss) on forward currency contracts (April 2019: USD 258,637) (311,127) (0.23)

Fair Value % of 30.04.2020 Net Asset (USD) Value

Total Investments 155,980,949 113.22 Other Net Liabilities (18,213,923) (13.22) Total Net Assets 137,767,026 100.00

% of total Analysis of total assets assets Transferable securities admitted to an official stock exchange listing or traded in a regulated market 97.43 Over the counter financial derivative instruments (net) (0.19) Other assets 2.76 100.00

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT CROWN LISTED PRIVATE EQUITY Top 20 Purchases Cost (EUR) AFFILIATED MANAGERS GROUP INC 21,232,103 INTERMEDIATE CAPITAL GROUP PLC 11,915,007 HGCAPITAL TRUST PLC 11,655,746 WENDEL 11,174,378 3I GROUP PLC 10,991,617 STAND LIFE EQTY 10,642,885 APOLLO GLB CLASS A SHS 10,217,463 EURAZEO ACT. 9,807,314 ICG ENT TRS GBP 8,534,820 BLACKSTONE GROUP INC NPV CL A 8,382,900 NB PRIVATE EQ PRTN /-A- USD 7,984,581 KKR & CO INC -A- 7,453,727 THE CARLYLE GRP 7,326,514 BROOKFIELD ASSET MGMT -A-/LTD 6,317,105 MELROSE INDUSTRIES PLC 6,284,431 RATOS B 5,344,808 BRAIT SE 4,901,894 ARES CAPITAL CORPORATION 4,709,736 PENNANTPARK F.R. CAPITAL 3,679,478 AURELIUS EQ OPP --- AKT 3,403,802

Top 20 Sales Proceeds (EUR) BLACKSTONE GROUP INC NPV CL A 22,288,879 APOLLO GLB CLASS A SHS 11,862,975 3I GROUP PLC 10,610,455 BREDERODE S.A. 10,023,595 PANT INTER GBP/DIS 8,075,978 INTERMEDIATE CAPITAL GROUP PLC 7,890,789 TPG SPECIALTY LENDING INC 7,586,298 HV GBL PRIV -A- USD/DIS 7,386,498 RATOS B 7,238,085 ARES CAPITAL CORPORATION 7,034,859 PENNANTPARK F.R. CAPITAL 6,111,545 BLACKSTONE GROUP LP 5,525,469 DEUTSCHE BETEILIGUNGS AG 5,400,995 AFFILIATED MANAGERS GROUP INC 5,266,636 HGCAPITAL TRUST PLC 5,178,798 KKR & CO INC -A- 4,711,866 WENDEL 3,644,210 NB PRIVATE EQ PRTN /-A- USD 3,445,982 APOLLO GLB /LP 3,315,147 BROOKFIELD ASSET MGMT -A-/LTD 2,916,775

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT BOND EMMA LC SUB-FUND Top 20 Purchases Cost (EUR) USA 0% 19-19.12.19 TB 13,646,492 USA 0% 19-08.10.19 TB 13,580,080 USA 0% 19-02.01.20 TB 13,568,136 USA 0% 20-17.03.20 TB 12,914,322 USA 0% 18-12.09.19 TB 10,818,495 USA 0% 19-22.08.19 TB 10,707,057 BRAZIL 6% 18-15.8.28/INFL 7,042,592 CHILE 5% 15-01.03.35 6,869,329 SOUTH AFRICA 10.5% 97-21.12.26 5,767,175 BRAZIL 6% 13-15.05.23 /INFL 4,853,984 POLAND 5.75% 01-23.09.22 4,039,977 RUSSIA 7.6% 12-20.07.22 3,476,229 MIN FIN RUF 6.9% 18-23.05.29 3,174,625 TURKEY 11% 17-02.03.22 2,960,883 INDONESIA 8.375% 13-15.03.34 2,758,455 URUGUAY 8.5% 17-15.03.28 2,505,967 SOUTH AFR 8% 13-31.01.30 2,239,732 ARGENTINA 3.375% 17-15.01.23 2,032,303 TURKEY 12.4% 18-08.03.28 1,335,880 TURKEY 9.2% 16-22.09.21 1,334,402

Top 20 Sales Proceeds (EUR) USA 0% 19-08.10.19 TB 13,690,503 USA 0% 19-19.12.19 TB 13,545,861 USA 0% 19-02.01.20 TB 13,514,899 USA 0% 20-17.03.20 TB 12,759,752 USA 0% 18-12.09.19 TB 10,878,927 USA 0% 19-22.08.19 TB 10,829,836 SOUTH AFRICA 10.5% 97-21.12.26 8,767,298 JPM STR 0% 19-08.08.19 /CLN 7,798,624 GS INTL UK 0% 19-8.8.19 /EGYTB 6,334,286 INDONESIA 8.375% 13-15.03.34 6,161,064 PERU 8.2% 06-12.8.26 REG-S/USD 5,735,621 CHILE 4.5% 15-01.03.26 5,521,204 SOUTH AFR 8% 13-31.01.30 5,045,115 EMP 8.375% 11-01.02.21 4,952,353 BRAZIL 10% 12-01.01.23 DIRTY 4,929,195 PERU 6.95% 08-12.8.31/DUAL 4,838,381 POLAND 5.75% 08-25.4.29 4,567,463 THAILAND GOV 3.625% 10-16.6.23 4,428,732 TURKEY 11% 17-02.03.22 4,000,396 BRAZIL 6% 11-15.08.22 INFL 3,869,917

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE EQUITY GLOBAL SUB-FUND Top 20 Purchases Cost (EUR) MITSUBISHI ESTATE CO. 32,179,163 COLGATE-PALMOLIVE CO. 30,526,137 COGNIZANT TECHNOLOGY SOL A 25,590,808 UNILEVER NV 23,760,513 SSE PLC 23,095,828 UNITEDHEALTH GROUP INC 22,607,976 MICROSOFT CORP. 22,526,533 IBERDROLA SA 19,185,162 ALPHABET INC -A- 17,819,977 ING GROUP NV 17,501,349 CAPGEMINI SE 16,823,075 PRUDENTIAL PLC 16,513,333 ITV PLC 14,854,042 AFFILIATED MANAGERS GROUP INC 14,158,130 DANONE. 13,717,095 GRIFOLS. SA 13,172,744 ENN ENERGY HOLDINGS 12,977,395 NIELSEN HOLDINGS PLC 12,860,487 TOTAL SA 10,908,473 HEINEKEN NV 10,583,727

Top 20 Sales Proceeds (EUR) ILIAD UNITEDHEALTH GROUP INC 38,543,593 CELGENE CORP. 33,201,285 DELTA AIR LINES 31,253,822 INPEX CORP 28,935,371 CERNER CORP 27,245,258 NEWMONT RG REGISTERED SHS 19,585,398 SOPHOS GROUP PLC 16,925,156 AKAMAI TECHNOLOGIES INC 16,468,968 GRIFOLS. SA 14,221,556 TOTAL SA 13,267,641 RESONA HOLDINGS INC 12,481,074 ITV PLC 11,832,515 NINTENDO CO.LTD 10,160,905 ESTEE LAUDER CO -A- 8,533,589 COLGATE-PALMOLIVE CO. 8,206,802 LUNDIN PETROLEUM AB 8,029,288 ANGLOGOLD ASHAN./SADS REP.1 SH 7,880,043 KEYCORP 7,217,843 TUPPERWARE BRANDS CORPORATION 5,214,266

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE EQUITY EUROPE SUB-FUND Top 20 Purchases Cost (EUR) DIAGEO PLC 5,794,700 SMITH AND NEPHEW PLC 4,973,611 EQUINOR ASA 4,918,272 CAPGEMINI SE 4,679,311 KERING SA 4,485,424 ROCHE HOLDING AG /GENUSSSCHEIN 3,916,802 SSE PLC 3,913,787 BANKINTER SA 3,698,803 MEDIOBANCA BCA CREDITO FINANZ. 3,406,068 IBERDROLA SA 3,285,271 DNB ASA 2,897,860 KION GROUP 2,866,209 ITV PLC 2,729,485 HERA SPA 2,257,378 UNILEVER PLC 2,229,595 ING GROUP NV 1,967,396 BANCO SANTANDER --- REG.SHS 1,935,461 L OREAL 1,934,359 CONTINENTAL AG 1,920,970 VESTAS WIND SYSTEMS AS / REG 1,710,132

Top 20 Sales Proceeds (EUR) IBERDROLA SA 4,571,117 ILIAD 4,123,949 BANCO SANTANDER --- REG.SHS 4,061,175 DANONE 3,337,952 HERA SPA 3,318,025 TOTAL SA 3,258,429 ATOS ACT. 3,201,494 CONTINENTAL AG 3,080,541 VESTAS WIND SYSTEMS AS / REG 2,963,658 ITV PLC 2,862,012 SOPHOS GROUP PLC 2,830,316 GRIFOLS. SA 2,767,373 NOVO NORDISK A/S /-B- 2,733,456 DNB ASA 2,651,784 ADIDAS AG 2,521,010 TRELLEBORG B 2,216,476 PRYSMIAN SPA 2,184,005 DANONE. 2,150,991 ASSA ABLOY AB 2,144,133 LUNDIN PETROLEUM AB 2,117,965

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE BOND GLOBAL SUB-FUND Top 20 Purchases Cost (EUR) USA 3.875% 99-15.04.29/INFL 10,014,549 USA 2.375% 07-15.01.27/INFL 9,852,937 USA 1.625% 16-15.02.26 /TBO 6,921,869 USA 2.75% 14-15.02.24 /TBO 5,067,139 USA 1.625% 16-31.10.23 /TBO 4,868,359 USA 2.25% 15-15.11.25 /TBO 4,101,727 USA 2% 15-15.08.25 /TBO 4,015,722 CHILE 0.83%% 19-02.07.31 4,009,423 INTL BK REC 0.25%% 19-21.05.29 3,783,926 USA 0.5% 18-15.01.28/INFL 3,754,713 USA 0.625% 16-15.01.26 /INFL 3,610,772 GERMANY 0.5% 17-15.08.27 3,333,807 BNG 2.375% 16-16.03.26 3,159,796 USA 2.5% 14-15.05.24 /TBO 3,043,398 USA 2.375% 14-15.08.24 /TBO 3,024,375 USA 2%13-15.2.23 TBO S B-2023 2,916,760 BRASKEM 7% 10-07.05.20 REGS 2,788,876 CNP ASSURAN 2% 19-27.07.50 2,673,768 TAKKO LUX 5.375% 17-15.11.23 2,608,712 FMS WERTMAN 0.375% 15-29.04.30 2,579,064

Top 20 Sales Proceeds (EUR) BNG 2.375% 16-16.03.26 3,284,205 GERMANY 0.5% 17-15.08.27 3,229,260 ADB 2.125% 15-19.03.25 3,176,157 NIB 0.5% 18-03.11.25 3,116,137 CAMPBELL S 3.65% 18-15.03.23 3,032,766 BRASKEM 7% 10-07.05.20 REGS 2,746,891 EIB 2.125% 16-13.04.26 2,720,061 IBRD 2.125% 15-03.03.25 2,712,589 DEPFA 0.75% 19-07.02.23 2,662,525 FMS WERTMAN 0.375% 15-29.04.30 2,536,505 GE CAP UK 5.875% 09-04.11.20 2,465,830 USA 0.125% 15-15.04.20 /INFL 2,428,059 CAIXABANK 1.125% 19-27.03.26 2,386,478 MCDONALDS 2.875% 13-17.12.25 2,365,461 OCADO GRP 4% 17-15.06.24 2,252,115 IBERDROLA I 2.625% 18-PERP 2,236,930 EIB 2.75% 12-13.11.23 EMTN 2,131,708 KELLOGG CO 1.75% 14-24.05.21 2,073,700 ADB 0.35% 18-16.07.25 2,063,055 AFDB 0.25% 17-21.11.24 2,038,430

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE BOND GLOBAL HEDGED SUB-FUND Top 20 Purchases Cost (USD) CRO SUS BD CORP -A- USD 8,504,548 LGT MULTI MAS P CORP BD USD/CAP 5,186,189 GERMANY 1.9877% 09-15.04.20/INFL 3,278,661 EBRD 1.625% 19-27.09.24 1,989,320 BELGIUM 1.25% 18-22.04.33 REGS 1,885,210 IADB 1.70%% 19-10.10.24 1,881,697 KFW 1.75% 19-14.09.29 1,648,350 USA 1.625% 16-15.05.26 /TBO 1,612,651 USA 0.625% 20-31.03.27 /TBO 1,509,506 FRANCE 3.4% 99-25.07.29/INFL 1,470,894 UK 0.875% 19-22.10.29 1,378,754 KFW 0.01%% 19-05.05.27 1,269,267 POLAND 2.375% 16-18.01.36 1,246,555 RATP 0.35%% 19-20.06.29 1,245,014 USA 0.125% 13-15.01.23 TB/INFL 1,226,202 UK 1.75% 16-07.09.37 1,198,547 AUSTRIA 0.75% 16-20.10.26 1,154,941 UK 0.125% 13-22.03.68 /INFL 1,136,405 SSE 0.875% 17-06.09.25 REGS 1,126,912 USA 0.375% 17-15.01.27 /INFL 1,119,084

Top 20 Sales Proceeds (USD) LGT MULTI MAS P CORP BD USD/CAP 8,147,329 GERMANY 1.9877% 09-15.04.20/INFL 3,184,114 KFW 2.5% 14-20.11.24 2,099,275 AUSTRIA 0.5% 17-20.04.27 2,047,246 FRANCE 0.25% 25.7.24 OAT/INF 1,951,516 FRANCE 1% 14-25.11.25 /OAT 1,846,389 BELGIUM 0.2% 16-22.10.23 1,734,214 USA 2% 16-15.11.26 /TBO 1,553,338 USA 2.125% 17-30.11.24 /TBO 1,549,126 USA 2%13-15.2.23 TBO S B-2023 1,524,181 POLAND 2.375% 16-18.01.36 1,292,673 USA 2.25% 17-15.08.27 /TBO 1,275,059 USA 2.25% 17-15.02.27 /TBO 1,263,024 FRANCE 0.5% 15-25.05.26 /OAT 1,195,479 BELGIUM 0.8% 15-22.06.25 REGS 1,192,052 FRANCE 0% 25.03.24 /OAT 1,158,858 USA 2.75% 12-15.11.42 1,087,856 USA 2% 15-15.02.25 /TBO 1,027,687 IADB 1.75% 15-14.04.22 1,027,347 EURO BK REC 1.875% 15-23.2.22 1,021,385

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE QUALITY EQUITY HEDGED SUB-FUND Top 20 Purchases Cost (USD) AGILENT TECHNOLOGIES 29,579,734 INTERCONTINENTAL HOTELS GROUP PLC 23,242,745 ALPHABET INC -A- 23,158,357 UNILEVER PLC 22,007,791 RECKITT BENCKISER GROUP PLC 21,360,174 CHURCH & DWIGHT CO INC 19,965,018 NITORI HOLDINGS CO LTD 18,435,257 INTUIT 16,014,843 STRYKER CORP. 15,558,806 ESTEE LAUDER CO -A- 14,856,643 SAGE GRP 13,747,519 NINTENDO CO.LTD 13,698,198 SAP SE 12,738,010 ROSS STORES INC 12,614,798 TAIWAN SEMICONDUCT.MANUF/SADR 12,148,550 DIAGEO PLC 11,555,922 HEINEKEN NV 11,546,128 L OREAL 10,661,063 DANONE. 10,329,271 IDEXX LABORATORIES INC. 9,948,183

Top 20 Sales Proceeds (USD) HASBRO INC. 17,016,664 COCA-COLA CO. 16,046,159 STARBUCKS CORP. 11,526,340 NOVO NORDISK A/S /-B- 11,434,102 INTERCONTINENTAL HOTELS GROUP PLC 10,217,862 COLGATE-PALMOLIVE CO. 9,770,619 UNITEDHEALTH GROUP INC 8,224,989 NINTENDO CO.LTD 8,094,967 JOHNSON & JOHNSON 7,862,404 DANONE 7,090,789 CERNER CORP 6,068,992 MONDELEZ INTERNATIONAL INC WI 5,974,345 ALPHABET INC -A- 5,525,638 LENNOX INTERNATIONAL INC. 4,889,121 ORACLE CORP 4,674,367 ADIDAS AG 3,976,522 GEBERIT AG/NAMEN-AKTIEN 3,635,328 NITORI HOLDINGS CO LTD 3,352,239 UNILEVER PLC 3,340,139 ESTEE LAUDER CO -A- 2,933,260

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT BOND EM CREDIT OPPORTUNITIES SUB-FUND Top 20 Purchases Cost (USD) LGT MM FD USD -IM- USD/CAP 5,519,705 JABABEKA 6.5% 16-05.10.23 1,034,099 CAMPOSOL 6.0% 20-03.02.27 1,005,089 KUNMING RAI 3.90% 19-12.12.24 1,002,703 DNO A 8.375% 19-29.05.24 1,002,135 ANGOLA REP 9.125% 19-26.11.49 1,000,000 DAR AL-ARK 6.75% 19-15.02.25 998,294 PEMEX 2.375% 16-14.12.21 983,050 SILKNET 11% 19-02.04.24 908,133 METINVEST 7.75% 19-17.10.29 906,579 METRO 4.75% 14-04.02.24 866,553 CHINA EVERG 8.90% 19-24.05.21 862,365 TRINIDAD PE 9.75% 19-15.06.26 853,547 SCENERY JOU 11.50% 20-24.10.22 825,675 BAYPORT MGT 11.5% 19-14.06.22 817,233 OPERADORA D 8.25% 20-11.02.25 812,000 GF OROGEN 6.125% 19-15.05.29 802,040 ARDSHININVE 6.50% 20-28.01.25 800,000 CBOM FIN 7.5% 17-05.10.27 794,767 VAKIFLAR BK 5.25% 20-05.02.25 761,056

Top 20 Sales Proceeds (USD) LGT MM FD USD -IM- USD/CAP 5,651,518 IND EN FIN 6.375% 13-24.01.23 1,011,023 TURK TELEK 3.75% 19.06.19 (RBG) 865,938 TRINIDAD PE 9.75% 19-15.06.26 863,531 ARGENTINA 3.375% 12.10.20 REGS 852,931 SCENERY JOU 11% 18-06.11.20 844,811 PEMEX 2.375% 16-14.12.21 842,224 BANORT 7.625% 17-PERP 831,844 RUSAL CAP 4.85% 18-1.2.23 REGS 814,820 RESIDOMO 3.375% 17-15.10.24 REGS 803,991 JBS INVEST 7% 18-15.01.26 779,069 PETROBRAS 8.75% 16-23.05.26 778,776 CREDI 9.75% 17-27.07.22 755,578 BUL ENRGY 3.5% 18-28.06.25 733,911 GF OROGEN 4.875% 10-07.10.20 723,398 PETROBRAS A 7.375% 16-21.07.23 716,241 KING POWER 5.625% 14-03.11.24 688,808 SOVOMBANK 8.0% 19-07.04.30 673,233 GTLK EUROPE 5.95% 19-17.04.25 672,344 TBG GLOBAL 5.25% 15-10.02.22 669,484

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CROWN SIGMA UCITS PLC ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE BOND CORPORATES SUB-FUND Top 20 Purchases Cost (USD) ORSTED 2.125% 19-17.05.27 1,702,298 SSE 0.875% 17-06.09.25 REGS 1,432,396 BMW FIN 0.125% 17-03.07.20 REGS 1,407,850 TOYOTA 0% 17-21.07.21 1,173,965 KON DSM 2.375% 14-03.04.24 1,159,778 OMV 5.25% 15-PERP 1,128,528 AU & NZ BKG 1.125% 19-21.11.29 1,111,137 JPMORGAN CH 3.96% 19-29.01.27 1,109,790 CNP ASSURAN 2% 19-27.07.50 1,031,587 HSBC HLDG 6.875% 16-PERP/ FTF 1,028,146 DANONE 1% 18-26.03.25 980,611 BMW CANADA 1.88% 17-11.12.20 937,508 THAIOIL 3.625% 18-23.01.23 REGS 929,070 VF CORP 0.25% 20-25.02.28 920,872 ARKEMA 4.75% 14-PERP 881,934 DIGITAL EUR 2.5% 19-16.01.26 877,396 SHB 1.625% 18-05.03.29 863,550 SPRINT 4.738% 20.3.25/POOL REGS 856,001 MICROSOFT 2.65% 15-03.11.22 851,447 ACTIVISION 2.6% 17-15.06.22 828,187

Top 20 Sales Proceeds (USD) VF CORP 0.25% 20-25.02.28 916,499 CASINO GP 5.244% 12-09.03.20 696,045 HYDRO-QUEBEC 8.5% 89-1.12.29 643,686 CASINO GP 5.976 11-26.05.21 587,241 3M CO 2.65% 20-15.04.25 519,977 DISH DBS 5% 12-15.03.23 504,653 3M CO 2.25% 16-19.09.26 476,194 FIDELITY NL 1.5% 19-21.05.27 475,286 COMZBK 1.25% 18-23.10.23 470,912 UBI 5.875% 20-PERP 469,739 QUATRIM S 5.875% 31.01.24 467,485 CAIXABANK 1.125% 19-27.03.26 460,256 DEPFA 0.75% 19-07.02.23 455,558 CAIXABANK 0.625% 19-01.10.24 446,188 GLDM SACHS 0.125% 19-19.8.24 REGS 440,473 MPLX LP 4.125% 17-01.03.27 426,498 WWP FIN FRN 12-21.11.21 425,172 WESTPAC BK 4.11% 19-24.07.34 424,053 DELTA LLOYD 9% 12-29.08.42 417,023 STORA ENSO FRN 19-20.08.21 414,677

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT SUSTAINABLE EQUITY MARKET NEUTRAL SUB-FUND Top 20 Purchases Cost (USD) ALPHABET INC -A- 5,083,413 HEINEKEN NV 4,021,363 NINTENDO CO.LTD 3,986,333 MEDTRONIC HOLDINGS LIMITED 3,458,307 RECKITT BENCKISER GROUP PLC 3,207,659 PRUDENTIAL PLC 3,048,246 COLGATE-PALMOLIVE CO. 2,945,995 SSE PLC 2,907,705 UNILEVER NV. 2,842,826 MICROSOFT CORP. 2,639,908 ITV PLC 2,639,686 ING GROUP NV 2,594,775 UNITEDHEALTH GROUP INC 2,587,467 DANONE. 2,506,314 DIAGEO PLC 2,503,980 ESTEE LAUDER CO -A- 2,399,558 MITSUBISHI ESTATE CO. 2,383,355 INTERCONTINENTAL HOTELS GROUP PLC 2,380,307 IBERDROLA SA 2,347,670 GRIFOLS. SA 2,238,938

Top 20 Sales Proceeds (USD) UNITEDHEALTH GROUP INC 2,876,924 ILIAD 2,777,087 ALPHABET INC -A- 2,511,140 INPEX CORP 1,965,830 ITV PLC 1,869,305 GRIFOLS. SA 1,793,424 MEDTRONIC HOLDINGS LIMITED 1,763,272 HEINEKEN NV 1,718,680 NEWMONT RG REGISTERED SHS 1,613,401 TOTAL SA 1,596,816 NINTENDO CO.LTD 1,595,144 CERNER CORP 1,579,498 COLGATE-PALMOLIVE CO. 1,498,642 PRUDENTIAL PLC 1,343,513 INTERCONTINENTAL HOTELS GROUP PLC 1,324,867 RECKITT BENCKISER GROUP PLC 1,305,431 ANGLOGOLD ASHAN./SADS REP.1 SH 1,298,203 DANONE. 1,271,649 IBERDROLA SA 1,266,129 SOPHOS GROUP PLC 1,232,661

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STATEMENT OF PORTFOLIO CHANGES (UNAUDITED) FOR THE YEAR ENDED 30 APRIL 2020

LGT CROWN LIQUID PRIVATE EQUITY OPPORTUNITIES SUB-FUND Top 20 Purchases Cost (USD) SOFTWONE HLDG N 11,497,300 NATURGY ENERGY /SPLIT ISSUE 10,159,177 CHANGE HEALTHCARE INC 9,184,298 EVOQUA WATER TECHNOLOGIES CORP 9,088,480 NORWEGIAN FINANS HOLDING ASA 9,055,739 SOLARWINDS CORPORATION 8,727,864 NEXI S.P.A. 8,155,690 RECORDATI IND CHIMICA/POST RAG 8,095,418 BRIGHTVIEW HOLDINGS INC 7,973,780 JELD-WEN HOLDING INC 7,241,338 PLAYAGS INC 6,853,930 GROCERY OUTLET HOLDING CORP 6,784,000 PQ GROUP HOLDINGS INC 6,562,461 CUSHMAN & WAKEFIELD PLC 6,422,508 TI FLUID SYSTEMS PLC 6,332,762 PALOMAR HLDGS - REGISTERED SHS 6,236,429 PPD RG 5,833,765 FLOOR & DECOR HOLDINGS INC -A- 5,736,856 BANCA FARMAFACTORING S.P.A. 5,628,551 WATCH SWITZ 4,898,091

Top 20 Sales Proceeds (USD) EVOQUA WATER TECHNOLOGIES CORP 6,241,585 NEXI S.P.A. 5,982,752 PALOMAR HLDGS --- REGISTERED SHS 5,379,983 AVAST PLC 5,168,009 PRESIDIO INC 4,279,351 RECORDATI IND CHIMICA/POST RAG 3,878,959 MUNTERS GROUP AB 3,829,012 SOLARWINDS CORPORATION 3,331,172 ADVANCED DRAINAGE SYSTEMS 3,168,022 GROCERY OUTLET HOLDING CORP 3,082,889 EDB ERGOGROUP ASA 2,900,650 JELD-WEN HOLDING INC 2,872,485 ELF BEAUTY INC 2,861,491 SMART GLOBAL HOLDINGS INC 2,825,306 SOFTWONE HLDG N 2,815,980 MAD SQ GDN SPR RG-A 2,716,849 AST MRTN 2,711,134 RESURS HOLDING AB 2,642,848 CHANGE HEALTHCARE INC 2,503,137 NATURGY ENERGY /SPLIT ISSUE 2,470,391

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FINANCIAL INFORMATION (UNAUDITED)

For the year For the year For the year For the year Total Expense Ratio (“TER”) ended ended ended ended 30 April 2020 30 April 2020 30 April 2019 30 April 2019 (in basis (in %)* (in basis (in %)* Sub-Fund Class points) points) A 104.56 0.00 108.41 0.00 B 154.16 0.00 158.56 0.00 LGT Crown Listed Private C 105.07 0.00 109.08 0.00 Equity D 154.11 0.00 158.56 0.00 O 4.34 0.00 8.83 0.00 A 11.15 0.00 15.94 0.00 LGT Bond EMMA LC Sub- B 25.25 0.00 14.77 0.00 Fund E 30.91 0.00 16.13 0.00 F 80.83 0.00 71.35 0.00 A 10.40 0.00 14.20 0.00 LGT Sustainable Equity Global B 20.53 0.00 12.77 0.00 Sub-Fund C 101.48 0.00 - - E 87.39 0.00 82.92 0.00 A 12.79 0.00 15.04 0.00 LGT Sustainable Equity Europe 19.59 0.00 15.56 0.00 Sub-Fund B C 82.33 0.00 85.64 0.00 A 10.64 0.00 14.70 0.00 LGT Sustainable Bond Global B 11.68 0.00 14.49 0.00 Sub-Fund C 54.86 0.00 57.39 0.00 LGT Sustainable Bond Global A 15.78 0.00 17.12 0.00 Hedged Sub-Fund B 44.60 0.00 - - A 12.74 0.00 12.86 0.00 LGT Sustainable Quality Equity 6.27 0.00 11.21 0.00 Hedged Sub-Fund B C 258.44 0.00 - - A 15.29 0.00 23.60 0.00 LGT Bond EM Credit B 67.63 0.00 78.98 0.00 Opportunities Sub-Fund H 136.93 0.00 147.13 0.00 J 19.60 0.00 24.02 0.00 A 20.29 0.00 35.58 0.00 LGT Sustainable Bond 107.72 0.00 117.40 0.00 Corporates Sub-Fund H J 22.40 0.00 31.35 0.00 A 19.27 0.00 28.45 0.00 B 200.75 0.00 - - LGT Sustainable Equity Market C 99.08 0.00 108.47 0.00 Neutral Sub-Fund E 229.31 0.00 162.75 0.00 F 126.19 0.00 162.66 0.00 G 154.32 0.00 162.76 0.00 LGT Crown Liquid Private O 10.65 0.00 26.23 0.00 Equity Opportunities Sub-Fund *of which performance fees in percentage

Note:

1. Total expenses exclude transaction costs and interest expense. 2. TER is calculated by dividing total expenses by an average NAV of each sub-fund and allocated to each class as follows: (TER/365)* No of days share class in issue.

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

FINANCIAL INFORMATION (UNAUDITED)

Portfolio Turnover Rate For the year For the year ended 30 April ended 30 April 2020 2019 Sub-Fund (in %) (in %) LGT Crown Listed Private Equity 43.36 21.28 LGT Bond EMMA LC Sub-Fund 64.59 (17.36) LGT Sustainable Equity Global Sub-Fund 58.36 113.77 LGT Sustainable Equity Europe Sub-Fund 58.87 47.10 LGT Sustainable Bond Global Sub-Fund 102.33 144.83 LGT Sustainable Bond Global Hedged Sub-Fund 51.19 82.03 LGT Sustainable Quality Equity Hedged Sub-Fund 9.58 49.41 LGT Bond EM Credit Opportunities Sub-Fund 117.02 79.36 LGT Sustainable Bond Corporates Sub-Fund 131.08 122.81 LGT Sustainable Equity Market Neutral Sub-Fund 113.87 99.67 LGT Crown Liquid Private Equity Opportunities Sub-Fund 193.30 66.06

Note: The Portfolio Turnover Rate is calculated as follows:

All sub-funds: sum of investments purchased and sold (gross) during the period (excluding forward currency contracts, futures and swaps) less capital subscribed and redeemed during the period (gross) divided by the average assets under management for the period.

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

FINANCIAL INFORMATION (UNAUDITED) (continued)

Change in Net Asset Value per Share over three years.

Net Asset % Year to Date Return1) Value per Launch (in %) Share at Sub-Fund Class Date 2018 2019 2020 30/04/2019 A 25/02/2013 2.18 15.00 (10.64) EUR 196.36 B 25/02/2013 1.66 14.43 (11.09) EUR 188.95 LGT Crown Listed Private Equity C 09/10/2017 3.04 6.67 (12.68) USD 95.97 D 28/07/2014 12.79 6.14 (13.10) USD 124.74 O 18/02/2013 3.21 16.15 (9.74) EUR 219.62 A 29/04/2016 (6.11) (8.11) (9.89) EUR 1,106.52 B 09/03/2017 (2.77) (0.78) (2.50) EUR 953.01 LGT Bond EMMA LC Sub-Fund E 17/10/2017 1.84 (7.95) (4.72) USD 893.22 F 06/03/2018 (1.93) (13.89) (10.29) USD 757.61 A 29/04/2016 (1.94) 12.58 (1.02) EUR 3,250.02 B 23/05/2017 0.95 17.08 - - LGT Sustainable Equity Global Sub-Fund C 28/06/2019 - - 3.54 EUR 1,035.43 E 24/03/2017 9.15 7.85 0.48 USD 1,216.94 F 19/12/2016 4.81 - - - A 29/04/2016 2.51 4.59 (7.01) EUR 1,305.94 LGT Sustainable Equity Europe Sub-Fund B 23/05/2017 1.55 4.59 (6.99) EUR 987.76 C 26/01/2017 1.82 3.86 (7.65) EUR 1,041.69 A 29/04/2016 (8.64) 6.30 3.77 EUR 1,671.66 LGT Sustainable Bond Global Sub-Fund B 09/03/2017 (6.40) 9.27 6.31 EUR 1,093.67 C 28/07/2017 (2.84) 8.74 5.90 EUR 1,118.90 A 29/04/2016 0.46 5.35 8.09 USD 1,383.49 LGT Sustainable Bond Global Hedged Sub-Fund B 24/04/2020 - - 0.77 USD 1,007.73 A 31/03/2016 6.94 13.55 (1.89) USD 2,086.55 LGT Sustainable Quality Equity Hedged Sub-Fund B 09/03/2017 8.18 18.78 5.55 USD 1,404.15 C 15/01/2020 - - (7.81) USD 921.89 A 01/05/2017 1.82 5.59 (6.43) USD 1,006.00 B 01/05/2017 1.26 5.01 (6.93) USD 989.64 LGT Bond EM Credit Opportunities Sub-Fund H 01/05/2017 0.61 4.28 (7.53) USD 970.18 J 12/10/2017 (2.48) 2.51 (9.46) EUR 905.09 A 01/05/2017 1.92 5.70 3.20 USD 1,111.78 B 01/05/2017 1.57 - - - LGT Sustainable Bond Corporates Sub-Fund H 01/05/2017 1.14 4.85 2.28 USD 1,084.58 J 12/10/2017 (1.33) 2.66 0.04 EUR 1,013.46 A 29/09/2017 0.37 5.05 8.07 USD 1,139.50 B 22/11/2019 - - 5.15 USD 1,051.49 C 17/11/2017 (0.19) 1.14 4.19 EUR 1,051.78 LGT Sustainable Equity Market Neutral Sub-Fund E 29/09/2017 (0.43) 3.64 6.59 USD 1,099.95 F 29/09/2017 (1.97) 0.61 3.59 EUR 1,021.60 G 29/09/2017 (2.25) 0.15 3.12 CHF 1,009.52 LGT Crown Liquid Private Equity Opportunities O Sub-Fund 01/11/2018 - 16.48 (12.96) USD101.39

Note:

1. The year to date returns is calculated since launch if the class was launched during the year.

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FINANCIAL INFORMATION (UNAUDITED) (continued)

SFT Regulation Disclosure

Article 13 of Regulation (EU) 2015/2365 on transparency of securities financing transactions (SFTs) and of reuse and amending Regulation (EU) No 648/2012, requires UCITS investment companies to provide the following information in their annual and semi-annual reports on the use made of SFTs and total return swaps (TRS).

For the year ended 30 April 2020 the Company has not engaged in securities borrowing in the form of contracts for difference (“cfds”) (i.e. total return swaps) trading, which are in scope for this SFT regulation or other securities financing transactions.

Remuneration policy

The Management Company operates a remuneration policy in accordance with the principles set out in the Alternative Investment Fund Management Directive (“AIFMD”). The policy contains uniform compensation guidelines which adequately take into consideration the Management Company’s capital, liquidity and risk profile, as well as its long-term success, thus representing incentives for employees.

The Management Company does not guarantee any variable remuneration. Fixed and variable components of total remuneration are appropriately balanced and the fixed component represents a sufficiently high proportion of the total remuneration in order to incentivize employees and to allow the operation of a fully flexible policy on variable remuneration, including the possibility to pay no variable remuneration. The measurement of performance used to calculate variable remunerations, or pools of variable remuneration, includes a comprehensive adjustment mechanism to integrate all relevant types of current and future risks.

Identified employees of the Management Company are defined as senior management, risk takers, control functions and any employees receiving total remuneration that takes them into the same remuneration bracket as senior managers and risk takers, whose professional activities have a material impact on the risk profiles of the Management Company for the funds under management. The disclosures below have been adjusted to reflect the total net variable compensation breakdown for identified staff as it applies to liquid funds under management by the Management Company, based on the relevant share of total assets under management.

2020 EUR ,000 Total variable remuneration paid 52 Total variable remuneration deferred 20 Deferred net variable remuneration based on AIFMD 20 Number of identified employees 3 Number of funds 34

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED)

ADDITIONAL INFORMATION FOR SHAREHOLDERS IN SWITZERLAND

1. Representative and paying agent for Switzerland

a) The Representative for Switzerland is LGT Capital Partners Ltd, Schuetzenstrasse 6, 8808 Pfaeffikon, Switzerland. In accordance with Swiss legislation, the representative for Switzerland represents the Company in respect of the investors and the regulatory authorities.

b) The Paying Agent for Switzerland is LGT Bank (Switzerland) Limited, Lange Gasse 15, 4002 Basel, Switzerland.

c) The Company may pay the fees and expenses payable to the Representative and Paying Agent which will be at normal commercial rates.

2. Publications of the Company

a) The full prospectus, the Key Investor Information Document, the memorandum and articles of association and the annual and semi-annual reports (if these have already been published) in respect of the Company, can be obtained free of charge from the Representative and Paying Agent in Switzerland.

b) The Company's official publications is electronic platform www.fundinfo.com.

c) The issue and redemption prices per share of each segment are published on a weekly basis on the electronic platform www.fundinfo.com. The NAV may be published with the note “ exclusive commissions“ in place of the issue and redemption prices

3. Place of performance and jurisdiction

For shares subscribed in Switzerland, the place of performance and jurisdiction corresponds to the registered office of the representative for Switzerland.

4. Taxation

Investors who pay tax in Switzerland are advised to consult their own professional advisor regarding the tax implications of buying, holding and selling shares issued by the Company.

5. Use of Management Fee

The distributor may pay retrocessions to cover distribution and marketing activities of the Company’s shares in or from Switzerland. Such retrocessions may be used in particular to pay for the following services:

. Operation of fund trading platform and / or trading infrastructure services which provide access to fund subscriptions . the arrangement of road shows . participation in events and trade fairs . production of marketing material . training of distribution agents . generally any other activities which are intended to promote and market the Company’s shares.

Retrocessions are not deemed rebates even if they are (partly or in full) forwarded to investors.

The recipients of retrocessions ensure a transparent disclosure and inform investors automatically and free of charge regarding the amount of retrocessions they may receive.

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED) (continued)

Upon request recipients of retrocessions disclose the actual amounts received for the distribution of the collective investment schemes of the requesting investors.

The distributor and its delegates may in relation to the distribution of the Company’s shares in or from Switzerland upon request pay rebates directly to investors. Rebates aim to reduce the fees and costs paid by the relevant investor. Rebates are permitted if they

i. are paid from fees earned by the manager and therefore cause no additional costs to the Company

ii. are paid based on objective criteria

iii. are offered to all investors equally, which fulfil such objective criteria and demand rebates

The objective criteria for the payment of rebates by the distributor are (which may be applied separately or any combination thereof):

Assets invested Aims to reward sizeable commitments to the Company and develop long-term relationships (including assets invested in LGT sponsored entities or held with LGT Group entities)

Seed money For investors who invest upon launch and / or within a certain period after launch; aims to reward taking the risk of investing in a fund with no operating history and / or track-record.

Employees of LGT Group In order to further promote the alignment of interest between the Company’s investors and LGT Group, employees may receive rebates in order to encourage investments.

Fees Taking into account the amount of earnings generated by the investor for LGT Group

Investor’s investment characteristics Reward long-term commitment to the Company and avoidance of high trading frequency which may have a negative impact on the Company’s trading costs:

- based on expected time that the investor will stay invested

- contractual agreement to lock-up periods

- expected and / or actual frequency of trades

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED) (continued)

Institutional investors economically hold the shares for third parties: Institutional investors i. life insurance companies;

ii. pension funds and other types of pension schemes;

iii. investment foundations;

iv. Swiss fund management companies;

v. foreign fund management companies and fund companies;

vi. investment companies

Distributors and fund As described above the distributor may pay retrocessions to distribution and trading platforms placement agents and trading infrastructure providers for their services. Such retrocessions will be deducted from any rebates payable. This may result in no rebates being paid to the relevant underlying investors despite them being entitled to receive rebates based on the criteria set out above.

Upon the request of an investor the distributor will disclose the effective amount of rebates free of charge.

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED)

ADDITIONAL INFORMATION FOR SHAREHOLDERS IN GERMANY

Paying and Information Agent for Germany

Landesbank Baden-Württemberg Große Bleiche 54-56 55116 Mainz (hereinafter: the “German Paying and Information Agent”) has been appointed to act as Paying and Information Agent in Germany for the Sub-Funds of the Company which are notified and authorized for distribution in Germany.

Requests regarding the redemption and exchange of shares of the Sub-Funds of the Company that are notified and authorized for distribution Germany may be submitted to the German Paying and Information Agent.

All payments to unitholders resident in Germany deriving from the investments in the relevant Sub-Fund of the Company (e.g. redemption proceeds, any distributions or other payments) may also be transferred via the German Paying and Information Agent.

The following documents are available in electronic form free of charge at the German Paying and Information Agent’s office:

 The latest version of the Prospectus of the Company;

 The latest version of the Supplements with respect to each of the Sub-Funds defined above;  The Key Investor Information Documents with respect to the Sub-Funds of the Company that are notified and authorized for distribution in Germany.

 The Memorandum and Articles of Association of the Company; and

 The most recent annual and semi-annual Reports.

In addition electronic copies of the following documents are available at the German Paying and Information Agent’s office free of charge for inspection:

 The European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations, 2011 (as amended);

 A list of all directorships and partnerships, past or present, held by the Directors of the Company in the last five years;

 The Depositary Agreement dated 5 June, 2018, as amended, supplemented or otherwise modified from time to time in accordance with the requirements of the Central Bank of Ireland;

 The Administration Agreement dated 5 June, 2018, between the Manager and the Administrator as amended, supplemented or otherwise modified from time to time in accordance with the requirements of the Central Bank of Ireland;

 The Management Agreement dated 23 September, 2019, between the Company and the Manager as amended, supplemented or otherwise modified from time to time in accordance with the requirements of the Central Bank of Ireland;

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED) (continued)

The issue and redemption prices regarding the relevant Sub-Fund as well as any notices to shareholders are available free of charge at the German Paying and Information Agent’s Office. The issue and redemption prices for the Sub-Funds as well as any notices to shareholders will be published on the following website: https://www.lgtcp.com/en/relevant-regulatory-information/.

In addition to the publication on the above mentioned website (https://www.lgtcp.com/en/relevant-regulatory- information/), the shareholders in Germany will be notified by means of a durable medium (“dauerhafter Datenträger”) in the following cases (section 298 para. 2 of the KAGB):

 the suspension of the redemption of shares of a Sub-Fund;

 the termination of the management agreement or the winding-up of a Sub-Fund;

 any material change to the investment policy of the Sub-Funds;

 any increase of fees paid out of the assets of the Sub-Funds which have a material effect on investors rights;

 the merger of a Sub-Fund in the form of the information on the proposed merger which must be drawn up in accordance with Article 43 of the Directive 2009/65/EC;

 the conversion of a Sub-Fund into a feeder fund or any change to a master fund in the form of information which must be drawn up in accordance with Article 64 of the Directive 2009/65/EC.

Taxation

The taxation of income for German investors from foreign investment funds under German law follows a complex system. Investors are therefore advised to carefully consider their tax position and contact their personal tax advisors.

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED)

ADDITIONAL INFORMATION FOR SHAREHOLDERS IN AUSTRIA

1. Paying and Information Agent

In accordance with Section 41 para 1 and Section 141 para 1 Investment Fund Act, the Company has appointed Erste Bank der oesterreichischen Sparkassen AG, Am Belvedere 1, 1100 Vienna, Austria (“Erste Bank”), as its Paying and Information Agent. Any Austrian investors may therefore turn to Erste Bank and require that any payments made to them from the Company be conducted through Erste Bank. Investors that hold shares in the Company may transact with Erste Bank to require the redemption of their shares.

Any investor or potential investor may also turn to Erste Bank to request to be given free of charge a copy of the Prospectus, the Key Investor Information Document, the most recent Annual Report and most recent Semi- annual Report as well as a copy of the Company’s Articles of Association. Any investor may also directly contact the Company at its registered seat at 3rd Floor, 30 Herbert Street, Dublin 2, Ireland, where they will also receive all this information.

2. Publication of Prices

The sale and purchase prices of the shares of the Company and any investor notifications are available at the Company’s registered office, and at the website https://www.lgtcp.com/en/relevant-regulatory-information/.

3. Taxation

The taxation of income for Austrian investors from foreign investment funds under Austrian law follows a complex system. It is recommended that investors seek advice from a tax advisor regarding the taxation of their respective holdings.

Investors should note that the Company has appointed PwC PricewaterhouseCoopers Wirtschaftsprüfung und Steuerberatung GmbH, Erdbergstrasse 200, 1030 Wien as tax representative according to § 186 par. 2 no. 2 in connection with § 188 Investment Fund Act 2011.

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CROWN SIGMA UCITS PLC SUPPLEMENTAL INFORMATION FOR THE YEAR ENDED 30 APRIL 2020

ADDITIONAL INFORMATION (UNAUDITED)

ADDITIONAL INFORMATION FOR INVESTORS IN LIECHTENSTEIN

Paying Agent in Liechtenstein LGT Bank AG Herrengasse 12 FL – 9490 Vaduz

The Prospectus, the Articles of Association, the Key Investor Information Document, the most recent annual report and, if more recent, the semi-annual report can be obtained free of charge in German language from the paying agent in Liechtenstein. Information for shareholders and modifications of the Prospectus, the Articles of Association and the Key Information Document are published on the website https://www.lgtcp.com/en/relevant-regulatory-information/.

The issue and redemption prices per share of the fund are published on the website https://www.lgtcp.com/en/relevant-regulatory-information/.

175