Jyske Invest Hedge Markedsneutral Aktier Afdelingens funktionelle valuta: DKK 31. december 2015 31. december 2014 Kapitalandele 81.959 151,49 103.203 156,35 Noterede aktier fra danske selskaber 1.999 3,70 1.216 1,84 Pandora A/S 1.143 872,00 997 2.410 504,50 1.216 ISS A/S 4.031 248,70 1.003 Noterede aktier fra udenlandske selskaber 79.959 147,79 101.986 154,51 Bermuda (USD 6,8698) Credicorp Ltd 700 97,32 468 600 160,18 591 Brasilien (BRL 1,736442) JBS SA 20.700 12,35 444 Kroton Educacional SA 21.300 15,50 764 Canada (CAD 4,945504) Loblaw Cos Ltd 2.600 65,34 840 Alimentation Couche Tard Inc 2.900 60,91 874 4.500 48,69 1.164 Canadian Natural Resources Ltd 3.700 30,22 553 4.900 35,92 935 Cayman Island (HKD 0,886409) Sino Biopharmaceutical Ltd 108.000 7,06 676 Tencent Holdings Ltd 6.000 152,50 811 Sino Biopharmaceutical Ltd 88.000 7,03 491 Curaçao (USD 6,8698) Schlumberger Ltd 2.000 69,75 958 3.100 85,41 1.629 Frankrig (EUR 7,462664) TOTAL SA 3.295 41,27 1.015 3.993 42,52 1.264 BNP Paribas SA 3.337 52,23 1.301 2.801 49,26 1.027 Cap Gemini SA 881 85,60 563 Safran SA 1.734 63,37 820 2.898 51,25 1.106 Holland (EUR 7,462664) Unilever NV 3.100 40,11 928 Koninklijke Ahold NV 4.793 19,48 697 7.543 14,76 829 LyondellBasell Industries NV 1.700 79,39 831 Akzo Nobel NV 1.198 61,68 551 Mylan NV 2.300 54,07 854 Chicago Bridge & Iron Co NV 2.400 41,98 620 NXP Semiconductors NV 1.300 76,40 611 Hongkong (HKD 0,886409) China Overseas Land & Investment Ltd 26.000 27,20 627 48.000 23,05 878 Indien (INR 0,097489) HCL Technologies Ltd 6.516 1596,90 1.014 Axis Bank Ltd 17.800 502,40 872 Tata Motors Ltd 24.421 335,70 799 Indonesien (IDR 0,000497) Bank Rakyat Indonesia Persero Tbk PT 140.000 11650,00 810 Telekomunikasi Indonesia Persero Tbk PT 396.800 3105,00 614 Irland (EUR 7,462664) Ryanair Holdings PLC 6.532 15,01 732
Allergan plc 563 312,50 1.209 Actavis plc 700 257,41 1.109 Israel (USD 6,8698) Check Point Software Technologies Ltd 1.500 81,38 839 Italien (EUR 7,462664) Enel SpA 23.760 3,89 690 33.960 3,70 935 Japan (JPY 0,051326) Bandai Namco Holdings Inc 4.700 2564,00 619 Dai ichi Life Insurance Co Ltd/The 7.100 2035,00 825 Astellas Pharma Inc 8.000 1731,50 791 Mitsubishi Electric Corp 13.000 1282,50 952 14.000 1446,00 1.039 Sony Corp 4.400 3002,00 754 Mitsubishi UFJ Financial Group Inc 20.300 757,10 878 26.300 664,50 897 Nitto Denko Corp 1.013 8912,00 516 Sumitomo Mitsui Financial Group Inc 2.900 4606,00 763 3.700 4375,00 831 Asahi Group Holdings Ltd 3.200 3799,00 694 ITOCHU Corp 7.200 1442,00 593 13.900 1292,00 922 KDDI Corp 5.800 3154,00 1.045 3.800 7637,00 1.490 Japan Tobacco Inc 7.900 3328,00 1.349 Bridgestone Corp 2.300 4174,00 548 3.200 4199,00 690 SoftBank Group Corp 1.800 6139,00 631 2.900 7210,00 1.073 Yamaha Motor Co Ltd 3.300 2744,00 517 Jersey (GBP 10,125398) Shire PLC 1.943 4698,00 924 2.565 4533,00 1.116 WPP PLC 5.957 1563,00 943 8.857 1345,00 1.143 Kina (HKD 0,886409) China Construction Bank Corp 136.410 5,31 642 167.410 6,37 846 Korea (KRW 0,005859) Korea Zinc Co Ltd 155 469000,00 426 Korea Electric Power Corp 2.668 50000,00 782 4.312 42700,00 1.031 LG Household & Health Care Ltd 126 1050000,00 775 Mexico (MXN 0,397762) Grupo Financiero Banorte SAB de CV 14.700 94,99 555 Norge (NOK 0,820768) Norsk Hydro ASA 18.419 42,44 642 Opera Software ASA 6.900 95,00 538 Telenor ASA 0 148,30 0 DNB ASA 0 109,80 0 12.146 110,70 1.104 Panama (USD 6,8698) Carnival Corp 1.800 54,48 674 Rusland (USD 6,8698) MMC Norilsk Nickel PJSC 4.546 12,67 396 Schweiz (CHF 6,193076) Aryzta AG 2.923 76,95 1.393 Roche Holding AG 0 276,40 0 894 269,90 1.494 Novartis AG 0 86,80 0 Singapore (SGD 4,842491) DBS Group Holdings Ltd 8.900 16,69 719 14.000 20,60 1.339 Storbritannien (EUR 7,462664) Royal Dutch Shell PLC 7.115 21,10 1.120 10.095 27,66 2.079 Thomas Cook Group PLC 46.595 127,90 572
Mondi PLC 4.014 1334,00 542 6.714 1050,00 676 Barratt Developments PLC 20.900 471,00 945 BHP Billiton PLC 4.626 1388,50 616 Ashtead Group PLC 5.867 1119,00 665 Sverige (SEK 0,814865) Boliden AB 3.715 142,90 433 Assa Abloy AB 0 178,00 0 Swedbank AB 0 187,10 0 Sydafrika (ZAR 0,531929) Steinhoff International Holdings Ltd 21.189 5940,00 669 MTN Group Ltd 8.562 22141,00 1.008 Taiwan (TWD 0,209145) Taiwan Semiconductor Manufacturing Co Ltd 26.000 143,00 778 53.000 141,00 1.455 Largan Precision Co Ltd 1.000 2270,00 475 Largan Precision Co Ltd 2.000 2395,00 933 Tyskland (EUR 7,462664) Allianz SE 856 163,55 1.045 811 137,35 829 Bayerische Motoren Werke AG 0 97,63 0 1.005 89,77 672 Continental AG 521 224,55 873 716 175,55 936 Fresenius SE & Co KGaA 1.160 65,97 571 2.200 43,16 707 Bayer AG 0 115,80 0 1.244 113,00 1.047 BASF SE 0 70,72 0 1.548 69,88 806 SAP SE 2.482 73,38 1.359 2.000 58,26 868 Henkel AG & Co KGaA 0 103,20 0 1.707 89,42 1.137 USA (USD 6,8698) Thermo Fisher Scientific Inc 1.000 141,85 974 900 125,29 694 Johnson & Johnson 2.000 102,72 1.411 2.800 104,57 1.802 Apple Inc 2.960 105,26 2.140 3.660 110,38 2.486 Occidental Petroleum Corp 1.400 67,61 650 1.800 80,61 893 Intercontinental Exchange Inc 500 256,26 880 Jones Lang LaSalle Inc 800 159,86 879 Delta Air Lines Inc 1.800 50,69 627 Visa Inc 2.100 77,55 1.119 700 262,20 1.129 Reinsurance Group of America Inc 2.300 87,62 1.240 Dollar General Corp 1.500 71,87 741 Lear Corp 1.000 122,83 844 1.500 98,08 905 Citigroup Inc 3.300 51,75 1.173 Marathon Petroleum Corp 1.600 51,84 570 HCA Holdings Inc 2.500 73,39 1.129 Facebook Inc 1.800 104,66 1.294 2.600 78,02 1.248 DIRECTV 2.400 86,70 1.280 FedEx Corp 700 148,99 716 Discover Financial Services 2.200 53,62 810 3.300 65,49 1.330 Exelon Corp 5.600 37,08 1.278 JPMorgan Chase & Co 3.600 66,03 1.633 4.900 62,58 1.887 Aetna Inc 1.200 108,12 891 2.100 88,83 1.148 VF Corp 1.600 62,25 684 International Flavors & Fragrances Inc 1.100 119,64 904 1.900 101,36 1.185 ManpowerGroup Inc 900 84,29 521 MetLife Inc 3.900 54,09 1.298 Cognizant Technology Solutions Corp 1.800 60,02 742
B/E Aerospace Inc 2.300 58,02 821 Priceline Group Inc/The 200 1140,21 1.403 Comcast Corp 2.500 56,43 969 4.100 58,01 1.464 AutoZone Inc 200 741,91 1.019 Prudential Financial Inc 1.900 81,41 1.063 2.200 90,46 1.225 Alliance Data Systems Corp 459 276,57 872 600 286,05 1.056 Altria Group Inc 2.700 58,21 1.080 Alphabet Inc 300 778,01 1.603 400 530,66 1.306 Mylan Inc/PA 2.400 56,37 833 Allstate Corp/The 2.600 70,25 1.124 United Technologies Corp 2.100 115,00 1.486 Amazon.com Inc 300 675,89 1.393 Quintiles Transnational Holdings Inc 1.600 68,66 755 CVS Health Corp 1.600 97,77 1.075 3.200 96,31 1.897 Gilead Sciences Inc 1.200 101,19 834 1.900 94,26 1.102 Wells Fargo & Co 6.000 54,82 2.024 Danaher Corp 1.600 92,88 1.021 McKesson Corp 600 197,23 813 700 207,58 894 Honeywell International Inc 1.700 103,57 1.210 SanDisk Corp 1.500 97,98 904 Norfolk Southern Corp 2.300 109,61 1.551 Celgene Corp 900 119,76 740 1.600 111,86 1.101 Whirlpool Corp 800 193,74 954 Foot Locker Inc 1.500 65,09 671 Alphabet Inc 148 758,88 772 Skyworks Solutions Inc 900 76,83 475 Old Dominion Freight Line Inc 1.500 59,07 609 Hanesbrands Inc 3.500 29,43 708 CDW Corp/DE 2.800 42,04 809 Spectrum Brands Holdings Inc 1.300 95,68 765 Foot Locker Inc 2.200 56,18 761 Google Inc 300 526,40 972 Arthur J Gallagher & Co 5.200 47,08 1.507 PolyOne Corp 2.800 37,91 653 Cooper Cos Inc/The 800 162,09 798 KLX Inc 0 0,00 0 Virgin Islands (USD 6,15375) Hollysys Automation Technologies Ltd 4.400 24,43 661 Unoterede aktier fra danske selskaber 1 0,00 1 0,00 Jyske Invest Fund Management A/S 1 1060,25 1 1 1052,80 1 Afledte finansielle instrumenter 2.064 3,81 546 0,83 USA (USD 6,15375) S&P500 EMINI FUT Mar15 mini MSCI EAFE Mar15 mini MSCI Emg Mkt Mar15 S&P500 EMINI FUT Mar16 3.250 1,60 36 mini MSCI Emg Mkt Mar16 1.450 3,96 39 4.300 87,03 2.303 3.400 31,70 663 1.950 51,02 612
mini MSCI EAFE Mar16 2.400 22,20 366 1.729.533 1,10 19 255.000 0,00 0 916.863 0,96 9 135.000 0,00 0 AUD/DKK 1.577.032 2,23 35 AUD/DKK 310.000 0,00 0 SGD/DKK 768.754 2,74 21 SGD/DKK 155.000 0,00 0 SEK/DKK 809.900 0,61 5 SEK/DKK 1.000.000 0,00 0 NOK/DKK 363.375 4,12 15 NOK/DKK 450.000 0,00 0 JPY/DKK 2.919.701 0,10 3 JPY/DKK 51.100.000 0,00 0 CAD/DKK 2.263.950 6,23 141 CAD/DKK 430.000 0,00 0 GBP/DKK 2.753.816 4,57 126 GBP/DKK 260.000 0,00 0 CHF/DKK 2.950.230 0,11 3 CHF/DKK 430.000 0,00 0 EUR/DKK 3.167.398 0,11 3 EUR/DKK 425.000 0,00 0 79.345.273 2,31 1.831 11.305.000 0,00 0 EUR/DKK 855.296 0,12 1 EUR/DKK 115.000 0,00 0 609.802 0,86 5 100.000 0,00 0 NOK/DKK 371.318 0,72 3 NOK/DKK 450.000 0,00 0 JPY/DKK 624.908 1,02 6 JPY/DKK 12.300.000 0,00 0 6.335.638 1,93 123 1.050.000 0,00 0 601.408 2,27 14 100.000 0,00 0 HKD/DKK 772.251 2,70 21 HKD/DKK 1.000.000 0,00 0 JPY/DKK 558.063 1,16 6 JPY/DKK 11.000.000 0,00 0 2.452.389 2,83 69 410.000 0,00 0 5.087.780 2,76 140 850.000 0,00 0 HKD/DKK 398.736 3,43 14 HKD/DKK 520.000 0,00 0 AUD/DKK 2.777.058 2,49 69 AUD/DKK 540.000 0,00 0 SGD/DKK 709.807 1,23 9
SGD/DKK 155.000 0,00 0 SEK/DKK 805.600 2,45 20 SEK/DKK 1.000.000 0,00 0 NOK/DKK 1.231.720 6,89 85 NOK/DKK 1.400.000 0,00 0 JPY/DKK 1.107.091 0,60 7 JPY/DKK 21.700.000 0,00 0 CAD/DKK 2.259.134 0,96 22 CAD/DKK 430.000 0,00 0 GBP/DKK 2.557.638 3,08 79 GBP/DKK 275.000 0,00 0 CHF/DKK 775.000 0,07 1 CHF/DKK 125.000 0,00 0 EUR/DKK 3.907.313 0,05 2 EUR/DKK 525.000 0,00 0 108.885.908 3,43 3.733 18.310.000 0,00 0 Andre aktiver 82 0,15 341 0,52 Passiver 30.002 55,45 38.084 57,70 Likvide midler 0 0,00 0 0,00 Formue 54.103 100,00 66.006 100,00 Jyske Invest Hedge Markedsneutral Obligationer Afdelingens funktionelle valuta: DKK Noterede obligationer 112.914 97,49 113.858 97,62 Noterede obligationer fra danske udstedere 112.914 97,49 113.858 97,62 0,01750% Danish Ship Finance AS 01.01.2020 65.000.000 97,50 63.375 65.000.000 98,75 64.188 0,0% Nykredit Realkredit A/S 01.07.2017 (32h) 49.429.798 99,98 49.420 0,0% Nykredit Realkredit A/S 01.07.2017 (32h) 119.369 100,00 119 0,13460% Nykredit Realkredit A/S 01.07.2017 (32h) 50.000.000 99,34 49.670 Andre aktiver 6 0,00 199 0,17 Passiver 0 0,00 0 0,00 Likvide midler 2.907 2,51 2.575 2,21 Formue 115.827 100,00 116.632 100,00 Jyske Invest FX Alpha Afdelingens funktionelle valuta: DKK Noterede obligationer 118.471 42,72 73.801 46,95 Noterede obligationer fra danske udstedere 118.471 42,72 73.801 46,95 4% Realkredit Danmark A/S 01.10.2025 (22D) 65.848 100,00 66
4% Realkredit Danmark A/S 01.10.2025 (22D) 932.435 108,63 1.013 552.033 100,00 552 4% Realkredit Danmark A/S 01.10.2025 (22D) 1.717.347 106,13 1.823 4% Realkredit Danmark A/S 01.10.2031 (22s) 146.344 100,00 146 4% Realkredit Danmark A/S 01.10.2031 (22s) 657.257 106,50 700 634.229 100,00 634 4% Realkredit Danmark A/S 01.10.2031 (22s) 1.514.279 105,78 1.602 0,430% Realkredit Danmark A/S 01.07.2015 (12T) 200.073 100,00 200 0,430% Realkredit Danmark A/S 01.07.2015 (12T) 51.608.438 100,10 51.660 4% Nykredit Realkredit A/S 01.10.2035 (03D) 54.507 100,00 55 4% Nykredit Realkredit A/S 01.10.2035 (03D) 804.435 107,80 867 676.288 100,00 676 4% Nykredit Realkredit A/S 01.10.2035 (ANN) 1.535.336 105,53 1.620 4% Nykredit Realkredit A/S 01.10.2028 (02D) 103.986 100,00 104 4% Nykredit Realkredit A/S 01.10.2028 (02D) 1.264.941 107,25 1.357 570.671 100,00 571 4% Nykredit Realkredit A/S 01.01.2028 (ANN) 2.137.488 105,65 2.258 0,2180% Nykredit Realkredit A/S 01.01.2018 (21e) 2.162 100,00 2 0,2180% Nykredit Realkredit A/S 01.01.2018 (21e) 6.976.764 100,30 6.998 3.279 100,00 3 0,63670% Nykredit Realkredit A/S 01.01.2018 (21e) 6.993.447 101,03 7.065 0,42080% Nykredit Realkredit A/S 01.07.2023 (21H) 127 100,00 0 0,42080% Nykredit Realkredit A/S 01.07.2023 (21H) 2.498.832 101,30 2.531 116 100,00 0 0,83950% Nykredit Realkredit A/S 01.07.2023 (21H) 4.999.783 102,72 5.136 0,2180% Nykredit Realkredit A/S 01.07.2025 (22H) 38.706 100,00 39 0,0% Nykredit Realkredit A/S 01.07.2017 (32h) 240.252 100,00 240 0,2180% Nykredit Realkredit A/S 01.07.2025 (22H) 4.961.294 98,50 4.887 0,0% Nykredit Realkredit A/S 01.07.2017 (32h) 99.486.128 99,98 99.466 Afledte finansielle instrumenter EUR/SEK 0 0,10 0 EUR/SEK 0 0,00 0 USD/CAD 869.468 0,07 3 USD/CAD 750.000 0,00 0 Andre aktiver 49 0,02 188 0,12 Passiver 31 0,01 11 0,01 Likvide midler 158.812 57,27 83.201 52,93 Formue 277.301 100,00 157.182 100,00