Annual report including audited financial statements as at 31st December 2020 CONVENTUM SICAV with multiple sub-funds under Luxembourg law R.C.S. Luxembourg B70125 No distribution notices have been submitted for the Sub-Funds named below, which means that shares of these Sub- Funds may not be distributed to investors based within the territorial validity of the German “Kapitalanlagegesetzbuch (KAGB)” (Investment Code): - CONVENTUM - Institutional Fund - CONVENTUM - MultiAssets - CONVENTUM - Fortuna Royale 1 - CONVENTUM - Fortuna Royale 2 - CONVENTUM - Fortuna Royale 3 - CONVENTUM - Echium - CONVENTUM - FensiFund - CONVENTUM - Mekks - CONVENTUM - Prime Selection - CONVENTUM - Createrra Progress World Equities - CONVENTUM - Createrra Multi Assets Index Fund - CONVENTUM - Dynamic Opportunities - CONVENTUM - Income Opportunites - CONVENTUM - Equity Opportunities - CONVENTUM - Waterlily W Flexible Equity Fund - CONVENTUM - Alluvium Global Fund This report is the English translation of the audited annual including audited financial statements respectively unaudited semi- annual report in French. In case of a discrepancy of content and/or meaning between the French and English versions the French one shall prevail. Subscriptions can only be made on the basis of the complete prospectus accompanied by the articles of incorporation and the fact sheets of each of the sub-funds or based on the key investor information document ("KIID"). The complete prospectus may only be distributed if accompanied by the last annual report and the last semi-annual report, if the latter is more recent than the annual report. CONVENTUM Table of contents Organisation ........................................................................................................................................... 4 Report of the Board of Directors .......................................................................................................... 9 Audit report ...........................................................................................................................................11 Combined statement of net assets .....................................................................................................14 Combined statement of operations and other changes in net assets ............................................15 CONVENTUM - Institutional Fund .......................................................................................................16 Report of the Board of Directors .........................................................................................................16 Statement of net assets ......................................................................................................................18 Statement of operations and other changes in net assets .................................................................19 Statistical information ..........................................................................................................................20 Statement of investments and other net assets .................................................................................21 Industrial and geographical classification of investments ...................................................................24 CONVENTUM - MultiAssets .................................................................................................................25 Report of the Board of Directors .........................................................................................................25 Statement of net assets ......................................................................................................................26 Statement of operations and other changes in net assets .................................................................27 Statistical information ..........................................................................................................................28 Statement of investments and other net assets .................................................................................29 Industrial and geographical classification of investments ...................................................................31 CONVENTUM - Lyrical Fund ................................................................................................................32 Report of the Board of Directors .........................................................................................................32 Statement of net assets ......................................................................................................................33 Statement of operations and other changes in net assets .................................................................34 Statistical information ..........................................................................................................................35 Statement of investments and other net assets .................................................................................36 Industrial and geographical classification of investments ...................................................................37 CONVENTUM - Fortuna Royale 1 ........................................................................................................38 Report of the Board of Directors .........................................................................................................38 Statement of net assets ......................................................................................................................39 Statement of operations and other changes in net assets .................................................................40 Statistical information ..........................................................................................................................41 Statement of investments and other net assets .................................................................................42 Industrial and geographical classification of investments ...................................................................43 CONVENTUM - Fortuna Royale 2 ........................................................................................................44 Report of the Board of Directors .........................................................................................................44 Statement of net assets ......................................................................................................................45 Statement of operations and other changes in net assets .................................................................46 Statistical information ..........................................................................................................................47 Statement of investments and other net assets .................................................................................48 Industrial and geographical classification of investments ...................................................................49 CONVENTUM - Fortuna Royale 3 ........................................................................................................50 Report of the Board of Directors .........................................................................................................50 Statement of net assets ......................................................................................................................51 Statement of operations and other changes in net assets .................................................................52 Statistical information ..........................................................................................................................53 Statement of investments and other net assets .................................................................................54 Industrial and geographical classification of investments ...................................................................55 1 CONVENTUM Table of contents (continued) CONVENTUM - Echium ........................................................................................................................56 Report of the Board of Directors .........................................................................................................56 Statement of net assets ......................................................................................................................59 Statement of operations and other changes in net assets .................................................................60 Statistical information ..........................................................................................................................61 Statement of investments and other net assets .................................................................................62 Industrial and geographical classification of investments ...................................................................64 CONVENTUM - FensiFund ...................................................................................................................65 Report of the Board of Directors .........................................................................................................65 Statement of net assets ......................................................................................................................66 Statement of operations and other changes in net assets .................................................................67