FINAL 2 JB 714500 TAMAC Qilin-China Champions 30042016Annual Report as of April 30, 2016 TAMAC Qilin...

Annual Reportas of April 30, 2016

TAMAC Qilin

Société d’Investissement à Capital Variable

R.C.S. Luxembourg B 201.602

Administrative Agent:

TAMAC Qilin

Table of Contents

Organisation 3

Report of the Board of Directors 4

Techniques of Efficient Portfolio Management 4

Risk Management 4

Report of the Portfolio Manager 5

Fund structure 6

Statement of Net Assets 7 - 9

Derivatives 10

Statement of Operations 11

Statement of Changes in Net Assets 12

Statistical Information 13 - 14

Notes to the Financial Statements 15 - 18

Report of the Réviseur d’Entreprises agréé 19

Tax-related Information 20 - 25

2

TAMAC Qilin

Organisation

Registered Office Custodian, Registrar and Transfer Agent and Paying Agent

TAMAC Qilin State Street Bank Luxembourg S.C.A.

R.C.S. Lux B 201.602 49, avenue John F. Kennedy, L - 1855 Luxembourg

15, rue de Flaxweiler, L - 6776 Grevenmacher

Distributor

Board of Directors

TAMAC Thomé Asset Management & Asset Controlling

Dr. Christopher Thomé The Stables, Druids Lodge, Salisbury SP3 4UN, United Kingdom

Chairman and Member of the Board

Partner, TAMAC Thomé Asset Management & Asset Controlling, Salisbury / United Kingdom

Portfolio Manager

Dr. Stefan Albrecht

Member of the Board TAMAC Thomé Asset Management & Asset Controlling

Co-Founder and Managing Director, Qilin Capital Limited, Salisbury / United Kingdom The Stables, Druids Lodge, Salisbury SP3 4UN, United Kingdom

Peter Tommerup

Member of the Board Auditor

Senior Manager, Universal-Investment-Luxembourg S.A., Grevenmacher / Luxembourg

KPMG Luxembourg, Société coopérative

Cabinet de révision agréé

Management Company, Domicilary and Corporate Agent 39, avenue John F. Kennedy, L - 1855 Luxembourg

Universal-Investment-Luxembourg S.A.

R.C.S. Lux B 75.014

15, rue de Flaxweiler, L - 6776 Grevenmacher

3

TAMAC Qilin

Share class ISIN Net asset value

in EUR

Performance of

the share price in %

TAMAC Qilin-China Champions A EUR LU1242506332 2,953,779.16 -6.64

TAMAC Qilin-China Champions D EUR LU1242508387 10,873,779.02 -6.30

Sub-fund Derivative exposure in %

TAMAC Qilin - China Champions 35.71

Sub-fund Minimum in % Maximum in % Average in %

TAMAC Qilin - China Champions 0.00 5.62 3.59

The average net leverage was 73.43%.

Report of the Board of Directors

Dear Shareholders,

we hereby present to you the annual report of TAMAC Qilin, together with its sub-fund TAMAC Qilin - China Champions.

TAMAC Qilin is organised in Luxembourg as a société d’investissement à capital variable ("SICAV") and qualifies as a collective investment undertaking under Part I of the Luxembourg law of December 17, 2010. The company qualifies as an

undertaking for collective investment in transferable securities under article 1(2) of the Directive 2009/65/EC and may therefore be offered for sale in any EU Member State, subject to registration.

The company was established on November 18, 2015 for an indefinite duration.

The company is presently structured as an umbrella fund. The sub-fund was launched on December 18, 2015.

During the period from December 18, 2015 until April 30, 2016 the relative VaR method has been used for monitoring and measuring the global risk associated with derivatives.

The following sub-fund’s VaR ratios have been calculated daily using historical simulation based on these figures: 99% confidence level, 1-day holding period and 1-year observation period:

As at April 30, 2016, the net assets and the performance of the share price of the sub-fund during the reporting period from December 18, 2015 until April 30, 2016 were as follows:

Techniques of Efficient Portfolio Management (not audited)

The sub-fund may employ techniques and instruments relating for hedging and efficient portfolio management purposes and financial derivative instruments for hedging and efficient portfolio management and investment purposes as detailed in the

prospectus.

Risk Management (not audited)

The average exposure of derivatives used subdivided by applied techniques for the reporting period is shown in below mentioned table for OTC-derivatives.

The average exposure results from the average of the daily exposure of the sub-fund in relation to the net assets of the sub-fund on the respective day.

4

TAMAC Qilin

Report of the Portfolio Manager

The initial NAV of the TAMAC Qilin - China Champions fund (QCC) was calculated on the 18th December 2015. The Fund's objective is to achieve long term capital growth by investing in Chinese companies that are positioned to become leaders

in their fields, either within the Chinese market or globally. TAMAC actively manages the equity portfolio by selecting only the companies with the most favourable investment fundamentals and varying the degree of equity exposure, in order to

maximise value and shield investors from the volatility that is typical of Chinese markets.

Concern over the slowing of the Chinese economy and global growth prospects led to a deterioration of investor sentiment in January. Chinese equities suffered their worst ever start to a year, declining by the maximum 7% before new circuit

breaker rules caused trading to cease prematurely. Rather than curbing excessive volatility in the market, the activation of circuit breakers twice led to a growing sense of anxiety and caused the government to re-think its policy and finally remove

the breakers. Chinese New Year also impacted January and February trading in A and H-Shares, this led to US listed Chinese shares taking the brunt of the negativity during the period. Despite this slow start markets picked up strongly from mid

February as the PBOC Governor Zhou Xiaochuan commented on room for further implementation of monetary policies and a further push for the development of financial markets in China to become more mature. Economic data has started to

show improvements helping markets continue to recover, with April showing improving manufacturing PMIs, industrial production and retail sales above expectations.

The MSCI All China (Net) performance during the period December 18th to April 30th was -18.46% in Euro. This compares to performance for the Hong Kong Enterprise Index (H-Shares Index) of -12.13%, -12.82% for the Bloomberg US China

Listed Index, and of -20.47% for the CSI 300. Fund‘s performance was -6.30% (D-Class) and -6.64% (A-Class). The solid outperformance came in the first half of the first quarter as we remained under allocated in equities. In February we then

increased allocation ending March over 90% invested, the timing of the increase enabled us to recover in line with the market. As well as single positions we added positions in Chinese A-shares via ETF and futures positions.

As of the end of April the QCC was 93% invested across five main industry segments with the largest allocation to Information Technology. The current equity allocation is split approximately 47% US listed Chinese companies, 28% HK listed

Chinese companies and 18% China A-Shares.

5

TAMAC Qilin

Fund structure as at 30/04/2016

Investment Focus

Market Value

in EUR

%

of fund assets *)

I. Assets 13,873,429.02 100.33

1. Equities 9,209,948.62 66.61

2. Investment units 1,235,060.39 8.93

3. Derivatives -21,191.88 -0.15

4. Bank balances 3,408,816.71 24.65

5. Other Assets 40,795.18 0.30

II. Liabilities -45,870.84 -0.33

III. Fund Assets 13,827,558.18 100.00

*) There might be small differences due to rounding.

As the fund TAMAC Qilin is consisting of just one sub-fund, the TAMAC Qilin - China Champions, the statement of the net assets, the

statement of changes in the net assets and the statement of operations of the TAMAC Qilin - China Champions are simultaneously the

combined statements of the fund TAMAC Qilin.

The accompanying notes form an integral part of the financial statements. 6

TAMAC Qilin

Statement of Net Assets as at 30/04/2016

Description ISIN Shares / Holdings Currency Price Market Value %

units in 1,000 30/04/2016 in EUR of the Fund-

assets *)

Portfolio holdings EUR 10,445,009.01 75.54

Exchange-traded securities EUR 9,209,948.62 66.61

Equities EUR 9,209,948.62 66.61

AviChina Industry & Technology Registered Shares H YC 1 CNE1000001Y8 Shares 929,000 HKD 5.440 568,905.70 4.11

Chongqing Rural Comm. Bank Co. Registered Shares H YC 1 CNE100000X44 Shares 1,391,000 HKD 4.090 640,436.55 4.63

Ping An Insurance(Grp)Co.China Registered Shares H YC 1 CNE1000003X6 Shares 154,000 HKD 36.650 635,360.73 4.59

Shandong Weigao Grp Med. Pol. Registered Shares H YC -,10 CNE100000171 Shares 564,000 HKD 4.670 296,497.92 2.14

Shanghai Pharmaceuticals Hdgs Registered Shares H YC 1 CNE1000012B3 Shares 203,100 HKD 16.500 377,241.57 2.73

Tencent Holdings Ltd. Reg. Shares HD -,00002 KYG875721634 Shares 36,000 HKD 158.900 643,949.88 4.66

Xinyi Solar Holdings Ltd. Registered Shares o.N. KYG9829N1025 Shares 1,976,000 HKD 3.070 682,890.37 4.94

58.com Inc. Reg.Shs Cl.A(ADRs)/2 DL-,00001 US31680Q1040 Shares 11,119 USD 54.650 530,608.93 3.84

Baidu Inc. R.Shs A(Sp.ADRs)1/10/DL-,00005 US0567521085 Shares 3,639 USD 194.300 617,409.80 4.47

China Lodging Group Ltd. Reg.Shs(Spons ADRs)/4 DL-,0001 US16949N1090 Shares 10,963 USD 36.060 345,202.39 2.50

Ctrip.com International Ltd. Reg.Shares (Sp.ADRs)1/8 o.N. US22943F1003 Shares 14,358 USD 43.610 546,762.47 3.95

JD.com Inc. R.Shs Cl.A(sp.ADRs)/1 DL-00002 US47215P1066 Shares 23,437 USD 25.560 523,096.16 3.78

NetEase Inc. Reg.Shs(Sp. ADRs)/100 DL-,0001 US64110W1027 Shares 3,888 USD 140.700 477,682.15 3.45

New Oriental Educat.&Techn.Grp Reg.Shs (Spons ADRs)/4 DL -,01 US6475811070 Shares 18,978 USD 39.160 648,950.82 4.69

Noah Holdings Ltd Reg.Shs A (Sp.ADRs)/2 DL-,0005 US65487X1028 Shares 24,288 USD 24.580 521,305.48 3.77

Qihoo 360 Technology Co.Ltd Reg.Shares Cl.A(ADRs)/2 o.N. US74734M1099 Shares 8,388 USD 75.940 556,221.38 4.02

YY Inc. Reg.Shs Cl.A(ADRs)/1 DL-,00001 US98426T1060 Shares 10,891 USD 62.820 597,426.32 4.32

Investment units EUR 1,235,060.39 8.93

db x-tr.Harv.CSI300 UCITS ETF Inhaber-Anteile 1D o.N. LU0875160326 Units 148,200 USD 9.544 1,235,060.39 8.93

Total securities EUR 10,445,009.01 75.54

Derivatives EUR -21,191.88 -0.15

Bank balances, non-securitised money market instruments and money market funds EUR 3,435,942.06 24.85

Bank balances EUR 3,435,942.06 24.85

Balances with State Street Bank S.C.A. (G) Luxembourg

Balances in the Fund currency

1,978,698.22 EUR 1,978,698.22 14.31


TAMAC Qilin




assets *)

Balances in non-EU/EEA currencies

775,175.00 HKD 87,262.05 0.63

1,242,369.04 USD 1,084,848.97 7.85

Balances with State Street Bank GmbH London Branch (V)


210,000.00 CNH 28,275.21 0.20

856,250.00 HKD 96,388.73 0.70

159,500.00 USD 139,276.98 1.01

Balances with State Street Bank Luxembourg S.C.A.


86,070.00 CNH 11,588.80 0.08

60,000.00 HKD 6,754.25 0.05

3,262.50 USD 2,848.85 0.02

Other Assets EUR 40,795.18 0.30

Receivables from investment units 23,966.68 EUR 23,966.68 0.17

Incorporation cost, net 16,828.50 EUR 16,828.50 0.13

Loan liabilities EUR -27,125.35 -0.20

Loans in non-EU/EEA currencies

-201,460.00 CNH -27,125.35 -0.20

Liabilities EUR -45,870.84 -0.33

Management fee payable -22,098.58 EUR -22,098.58 -0.16

Custodian bank fee -8,800.00 EUR -8,800.00 -0.06

Audit fee payable -10,497.08 EUR -10,497.08 -0.08

Other payables -4,475.18 EUR -4,475.18 -0.03

Total net assets EUR 13,827,558.18 100.00


TAMAC Qilin




assets *)

TAMAC Qilin-China Champions A EUR

Net Asset Value per share EUR 93.36

Subscription price EUR 98.03

Redemption price EUR 93.36

Number of shares in circulation STK 31,637.458

TAMAC Qilin-China Champions D EUR

Net Asset Value per share EUR 93.70

Subscription price EUR 98.39

Redemption price EUR 93.70

Number of shares in circulation STK 116,047.000

*) There might be small differences due to rounding.


TAMAC Qilin

Derivatives as at 30/04/2016

Statement of Future Transactions as of April 30, 2016

Contract Description Maturity Number Ccy Cost price Market price Unrealised profit/loss Commitment in EUR

in Ccy in Ccy in EUR

FUTURE CROSS RATE DL/CH 06.16 CME 13/06/2016 14.00 CNH 6.5597 6.4982 -11,588.79 1,224,919.89

FUTURE FTSE CHINA A50 INDEX 05.16 SGX 30/05/2016 145.00 USD 9,558.8300 9,532.5000 -2,848.84 1,206,961.67

FUTURE HANG SENG CHINA ENT. IND. 05.16 HKFE 30/05/2016 25.00 HKD 8,945.0200 8,896.0000 -6,754.25 1,251,787.06

Total -21,191.88

Total Derivatives -21,191.88


TAMAC Qilin

Statement of Operations (including income equalisation)for the period from 18/12/2015 to 30/04/2016

Total

I. Income

- Dividends EUR 13,934.09

- Interest on liquidity investments *) EUR -12,325.35

- Income from investment units EUR 26,379.31

Total income EUR 27,988.05

II. Expenses

- Management Company fee EUR -100,813.33

- Custodian bank fee EUR -8,800.00

- Auditing and publication expenses EUR -11,826.16

- Subscription tax ("Taxe d`abonnement") EUR -2,356.02

- Registrar and Transfer Agent fee EUR -1,833.33

- Incorporation expenses EUR -721.50

- Equalisation of ordinary expenses EUR -1,426.11

- Other expenses EUR -26,981.79

Total expenses EUR -154,758.24

III. Ordinary net result EUR -126,770.19

IV. Realised profit/loss on

1. Realised profit on EUR 146,934.95

- Securities EUR 15,359.62

- Futures transactions EUR 131,435.00

- Foreign exchange transactions EUR 140.33

2. Realised loss on EUR -1,337,449.31

- Securities EUR -1,297,076.55

- Futures transactions EUR -12.32

- Foreign exchange transactions EUR -40,360.44

Total realised profit/loss EUR -1,190,514.36

V. Net change in unrealised profit/loss on

- Securities EUR 447,052.13

- Futures transactions EUR -21,834.10

- Foreign exchange transactions and other transactions EUR -55,866.54

Total net change in unrealised profit/loss EUR 369,351.49

VI. Result of operations for the period EUR -947,933.06

*) The position 'interest on liquidity investments' includes negative interest of 12,325.35 EUR.


TAMAC Qilin

Statement of Changes in Net Assets 2015/2016

I. Net assets at the beginning of the period EUR 0.00

1. Distribution for the previous year/tax reduction for the previous year EUR 0.00

2. Interim distributions EUR 0.00

3. Net cash flow EUR 14,763,773.59

a) Proceeds from shares issued EUR 15,441,723.73

b) Proceeds from shares redeemed EUR -677,950.14

4. Income/expense equalisation EUR 11,717.65

5. Results of operations for the period EUR -947,933.06

II. Net assets at the end of the period EUR 13,827,558.18


TAMAC Qilin

TAMAC Qilin-China Champions A EUR

Statistical Information

Financial year Number of shares outstanding Net Asset Value Net Asset Value per share

2015/2016 *) Shares 31,637.458 EUR 2,953,779.16 EUR 93.36

*) Inception: 18/12/2015

Changes in the number of shares outstanding Shares

Number of shares outstanding at the beginning of the period 0.000

Number of shares issued 31,637.458

Number of shares redeemed 0.000

Number of shares outstanding at the end of the period 31,637.458


TAMAC Qilin

TAMAC Qilin-China Champions D EUR

Statistical Information

Financial year Number of shares outstanding Net Asset Value Net Asset Value per share

2015/2016 *) Shares 116,047.000 EUR 10,873,779.02 EUR 93.70

*) Inception: 18/12/2015

Changes in the number of shares outstanding Shares

Number of shares outstanding at the beginning of the period 0.000

Number of shares issued 123,274.000

Number of shares redeemed -7,227.000

Number of shares outstanding at the end of the period 116,047.000


TAMAC Qilin

2.1 Computation of the net asset value

2.2 Valuation of investment securities

The net asset value of each sub-fund and the net asset value of the relevant class shall be expressed in the currency of each sub-fund as described in the relevant appendix. Whilst the reporting currency of the company is the Euro, the net asset

value is made available in the currency of each sub-fund as described in the relevant appendix. The net asset value shall be determined on each valuation date separately for each share of each sub-fund and for each class dividing the total net

asset value of the relevant sub-fund and of the relevant class by the number of outstanding shares of such sub-fund and of the relevant class.

Notes to the Financial Statements

1. General

TAMAC Qilin ("the company") was constituted in the Grand Duchy of Luxembourg on December 18, 2015 in accordance with Part I of the Law of December 17, 2010. The company is organized as a variable capital Company, Société

d´investissement à capital variable ("SICAV"), under the Law of August 10, 1915 relating commercial companies. The company has been established for an indefinite period.

2. Significant Accounting Policies

The net asset value per sub-fund, net asset value per share, net asset value per class, the redemption price of shares and the issue price of shares shall be determined on each valuation date, at least twice a month. The valuation dates for each

sub-fund are indicated in the relevant appendix of the prospectus.

The company is presently structured as an umbrella fund. The reference currency of the company is the Euro (EUR).

The net asset value shall be determined by subtracting the total liabilities of the sub-fund or class from the total assets of such sub-fund or class in accordance with the principles laid down in the company’s articles of incorporation and in such

further valuation regulations as may be adopted from time to time by the Board of Directors.

a. The value of any cash in hand or on deposit, discount notes, bills and demand notes and accounts receivable, prepaid expenses, cash dividends and interest declared or accrued and not yet received shall be deemed to be the full amount

thereof, unless in any case the same is unlikely to be paid or received in full, in which case the value thereof shall be arrived at after making such provision as the company may consider appropriate in such case to reflect the true value thereof.

b. The value of all securities which are listed on an official stock exchange is determined on the basis of the last available prices. If there is more than one stock exchange on which the securities are listed, the Board of Directors may in its

discretion select the stock exchange which shall be the principal stock exchange for such purposes.

c. Securities traded on a regulated market are valued in the same manner as listed securities.

d. Securities which are not listed on an official stock exchange or traded on a regulated market shall be valued by the company in accordance with valuation principles decided by the Board of Directors, at a price no lower than the bid price and

no higher than the ask price on the relevant valuation date.

e. Derivatives and repurchase agreements which are not listed on an official stock exchange or traded on a regulated market shall be valued by the company in accordance with valuation principles decided by the Directors on the basis of their

marked-to-market price.

f. Term deposits shall be valued at their present value.

g. Traded options and futures contracts to which the company is a party which are traded on a stock, financial futures or other exchange shall be valued by reference to the profit or loss which would arise on closing out the relevant contract at or

immediately before the close of the relevant market.

All securities or other assets for which the valuation in accordance with the above sub-paragraphs would not be possible or practicable, or would not be representative of their fair realisation value, will be valued at their fair realisation value, as

determined in good faith and prudently pursuant to the procedures established by the Board of Directors.

Amounts determined in accordance with such valuation principles shall be translated into the currency of the sub-fund’s accounts at the respective exchange rates, using the relevant rates quoted by a bank or another first class financial institution.

15

TAMAC Qilin


2.3 Net realised gain/loss on disposals of securities

EUR - CNH 7.427000

EUR - HKD 8.883300

EUR - USD 1.145200

Transactions on investments in securities are booked on a trade date basis.

2.6 Incorporation expenses

2.7 Allocation of accrued expenses

3. Management Company fee and Administration fee

The management company receives for the sub-fund TAMAC Qilin - China Champions remuneration in the amount of up to 2.75% p.a. of the net asset value of the sub-fund for share class A and for share class D up to 2.0% p.a. of the net asset

value of the sub-fund with a minimum fee of up to EUR 70,000.- p.a., currently not subject to Luxembourg VAT.

a. all borrowings, bills and other amounts due;

The liabilities of the company shall be deemed to include:

Accrued expenses which can be allocated directly to a sub-fund are charged to this sub-fund. Accrued expenses which cannot be allocated directly are divided among the sub-funds in proportion of their net assets.

b. all administrative expenses due or accrued including (but not limited to) the costs of its constitution and registration with regulatory authorities, as well as legal and audit fees and expenses, the costs of legal publications, the cost of listing,

prospectus, financial reports and other documents made available to shareholders, translation expenses and generally any other expenses arising from the administration of the company;

c. all known liabilities, due or not yet due including all matured contractual obligations for payments of money or property, including the amount of all dividends declared by the company which remain unpaid until the day these dividends revert to

the company by prescription;

d. any appropriate amount set aside for taxes due on the date of the valuation of the net asset value and any other provision of reserves authorised and approved by the Board; and

e. any other liabilities of the company of whatever kind towards third parties.

For the purposes of valuation of its liabilities, the company may duly take into account all ongoing or periodic administrative and other expenses by valuing them for the entire year or any other period and by dividing the amount concerned

proportionately for the relevant fractions of such period.

Amounts determined in accordance with such valuation principles shall be translated into the currency of the sub-fund’s accounts at the respective exchange rates, using the relevant rates quoted by a bank or another first class financial institution.

The realised gains or losses on disposals of securities are determined on basis of the average acquisition cost.

2.4 Foreign exchange conversion

As of April 30, 2016, positions denominated in foreign currencies were valuated at the following exchange rates:

2.5 Transactions on investments in securities

Incorporation expenses are amortised on a straight-line basis over a period of five years.

16

TAMAC Qilin


8. Subscription Tax ("taxe d’abonnement")

4. Portfolio Manager fee

6. Custodian Bank fee and Transfer Agent fee

The custodian bank receives remuneration in the amount of up to 0.10% p.a. of the net asset value of the sub-fund with a minimum fee of up to EUR 24,000.- p.a. In addition, the custodian will also be entitled to reimbursement of reasonable out-of-

pocket expenses properly incurred in carrying out its duties. Fees paid to the Custodian may vary depending on the nature of the investments of each sub-fund and the countries and/or markets in which the investments are made. The transfer

agency receives a minimum fee of up to EUR 28,000.-.

7. Domiciliary and Corporate Agency Services fee

The fee occurred during the corresponding period EUR 3,600.- p.a. for Core Domiciliation Services for the SICAV and EUR 7,500.- p.a. for Core Corporate Agency Services. Any additional services, including Collection of data elements and

compilation into Board Packs, will be subject to negotiation; in addition, like the aforementioned, any further external costs will be charged on top (and be borne by the fund).

The portfolio manager fee will be paid out of the management company and administration fee. The investment manager receives for share class A remuneration in the amount of up to 2.50% p.a. of the net asset value of the sub-fund and for

share class D up to 1.75% p.a. of the net asset value of the sub-fund, currently not subject to Luxembourg VAT.

5. Performance fee

In addition to the Investment Manager Fee, the Investment Manager is entitled to receive a performance fee (the “Performance Fee”) of 15 % which is calculated daily on the basis of the average Net Asset Value (in the relevant accounting period)

per share of the relevant Share Class. The Performance Fee may only be levied and set aside when both of the following criteria are fulfilled:

(i) The performance of the Net Asset Value per Share Class used in the calculation of the Performance Fee is greater than Libor 3 Months Rate resp. Euribor 3 Months Rate p.a. (the “Hurdle Rate”). At the time of launch, the reference figure

compared to which the Hurdle Rate will be calculated for the first time is equal to the issue price of the respective Share Class. The Hurdle rate is computed for the calculation as a synthetic Benchmark based on the Libor 3 Months Rate resp.

Euribor 3 Months Rate p.a. The performance of the Hurdle rate is calculated as followed: Performance = Hend -1

H 0

(ii) The Net Asset Value per Share Class used in the calculation of the Performance Fee is greater than previous Net Asset Values per Share Class at the end of an accounting period (the “High Watermark”). Each preceding decline in the Net

Asset Value per Share of the relevant Share Class must be offset by a further increase. The High Watermark will be periodically reset every 3 years.

The Performance Fee is charged to the fund assets and paid out at the end of each quarter. Any applicable Performance Fee is calculated and accrued on every valuation day.

The company is subject to an annual tax of 0.05% p.a. for each share class of the net asset value of the sub-fund as valued at the end of each quarter, and which is payable quarterly. To the extent that parts of the company’s assets are invested

in other Luxembourg UCITS which are subject to the tax, such parts are not taxed.

9. Transaction Costs

For the sub-fund TAMAC Qilin - China Champions transaction costs occurred during the corresponding period of EUR 28,365.55.

17

TAMAC Qilin


For reporting period from December 18, 2015 until April 30, 2016

TAMAC Qilin - China Champions 70.97%

The PTR was calculated using the following formula:

Turnover = [Total 1 - Total 2] * 100

M

Total 1 = Total purchases + Total sales of securities

Total 2 = Total subscription + Total redemption

M = Average Assets (daily)

Share class TER in % (annualized)

TAMAC Qilin-China Champions A EUR 3.73

TAMAC Qilin-China Champions D EUR 2.78

11. Total Expense Ratio/TER

Total expense ratio (TER) - a measure of the total costs charged to an investment fund and expressed in percentage terms of the fund´s average total assets in the reporting period. The total expense ratio includes the administration fee,

custodian bank fee, custody service expenses, subscription tax, audit fee, publication fee, legal fee, asset manager fee, registrar and transfer agent fee, payment agent fee and other expenses. Withholding tax, interest on bank overdraft and

performance-fee are excluded from the total expense ratio.

Details of purchases and sales of investments are available, free of charge, from the registered office of the Fund.

10. Portfolio Turnover Ratio/PTR

12. Changes in Portfolio Composition

18

TAMAC Qilin

To the shareholders of TAMAC Qilin

Luxembourg, August 12, 2016

KPMG Luxembourg, Société coopérative

Cabinet de révision agréé

J. Roth

Report of the Réviseur d’Entreprises agréé

Supplementary information included in the annual report has been reviewed in the context of our mandate but has not been subject to specific audit procedures carried out in accordance with the standards described above. Consequently, we

express no opinion on such information. However, we have no observation to make concerning such information in the context of the financial statements taken as a whole.

Following our appointment by the Board of Directors of the SICAV of April 12, 2016, we have audited the accompanying financial statements of TAMAC Qilin and each of its sub-funds, which comprise the statement of net assets and the statement

of investments and other net assets as at April 30, 2016 and the statement of operations and the statement of changes in net assets for the period from November 18, 2015 to April 30, 2016 and a summary of significant accounting policies and

other explanatory information.

Board of Directors of the SICAV responsibility for the financial statements

The Board of Directors of the SICAV is responsible for the preparation and fair presentation of these financial statements in accordance with Luxembourg legal and regulatory requirements relating to the preparation of the financial statements, and

for such internal control as the Board of Directors of the SICAV determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Responsibility of the Réviseur d’Entreprises agréé

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing as adopted for Luxembourg by the Commission de Surveillance du

Secteur Financier. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the judgement of the Réviseur d’Entreprises agréé, including the assessment of

the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the Réviseur d’Entreprises agréé considers internal control relevant to the entity’s preparation and fair presentation of

the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control.

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors of the SICAV, as well as evaluating the overall presentation of the financial

statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements give a true and fair view of the financial position of TAMAC Qilin and each of its sub-funds as of April 30, 2016, and of the results of its operations and changes in its net assets for the period from November

18, 2015 to April 30, 2016 in accordance with Luxembourg legal and regulatory requirements relating to the preparation of the financial statements.

Other matter

19

TAMAC Qilin

§ 5 Abs. 1

Nr. ...

InvStG

Privat-

anleger

EUR

Kapital-

gesellschaft

EUR

Sonst.

Betriebsvermögen

EUR

1a) Betrag der Ausschüttung 0.00000000 0.00000000 0.00000000

1 a) aa) In der Ausschüttung enthaltene ausschüttungsgleiche Erträge der Vorjahre 0.00000000 0.00000000 0.00000000

1 a) bb) In der Ausschüttung enthaltene Substanzbeträge 0.00000000 0.00000000 0.00000000

2 Teilthesaurierungsbetrag/ausschüttungsgleicher Ertrag 0.00000000 0.00000000 0.00000000

1 b) Betrag der ausgeschütteten Erträge 0.00000000 0.00000000 0.00000000

1 c) In den ausgeschütteten / ausschüttungsgleichen Erträgen enthaltene:

1 c) aa) --- --- 0.00000000

1 c) bb) --- 0.00000000 0.00000000

1 c) cc) --- 0.00000000 0.00000000

1 c) dd) 0.00000000 --- ---

1 c) ee) 0.00000000 --- ---

Tax-related information for shareholders in TAMAC Qilin in Federal Republic of Germany *)

Dear Shareholders,

Following the end of the financial year 2015/2016, we provide you with tax-related information as at April 30, 2016 in respect of each share class on the following pages.

*) The fund TAMAC Qilin fulfilled the criteria of §5 InvStG. The tax-related information according to §5 InvStG has been audited by die KPMG AG, Wirtschaftsprüfungsgesellschaft, D - 60439 Frankfurt am Main.

Steuerfreie Alt-Veräußerungsgewinne aus Bezugsrechten auf Freianteile an Kapitalgesellschaften i.S.d. § 2 Abs. 3 Nr. 1 S. 2

InvStG in der am 31.12.2008 anzuwendenden Fassung

Steuerliche Daten nach § 5 Abs. 1 Nr. 3 InvStG

für den Zeitraum vom 18.12.2015 bis zum 30.04.2016

TAMAC Qilin-China Champions A EUR per 30.04.2016

(Tag der Beschlussfassung: 15.06.2016)

ISIN: LU1242506332

Erträge i.S.d. § 2 Abs. 2 S. 1 dieses Gesetzes i.V.m. § 3 Nr. 40 des EStG oder im Fall des § 16 dieses Gesetzes i.V.m. § 8b

Abs. 1 des KStG

Veräußerungsgewinne i.S.d. § 2 Abs. 2 S. 2 InvStG, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der

Steuerbefreiung i.S.d. § 8b Abs. 2 KStG unterliegen

Erträge im Sinne des § 2 Abs. 2a InvStG (Zinsschranke)

Im Privatvermögen steuerfreie Alt-Veräußerungsgewinne aus Wertpapieren, Bezugsrechten und Termingeschäften i.S.d. § 2

Abs. 3 Nr. 1 S. 1 InvStG in der am 31.12.2008 anzuwendenden Fassung

20

1 c) ff) 0.00000000 --- ---

1 c) gg) 0.00000000 0.00000000 0.00000000

1 c) hh) 0.00000000 --- 0.00000000

1 c) ii) 0.00000000 0.00000000 0.00000000

1 c) jj) --- --- 0.00000000

1 c) kk) 0.00000000 0.00000000 0.00000000

1 c) ll) --- --- 0.00000000

1 c) mm) --- 0.00000000 ---

1 c) nn) --- 0.00000000 ---

1 c) oo) --- 0.00000000 ---

1 d) 0.00000000 0.00000000 0.00000000

1 d) aa) 0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

--- 0.00000000 ---

0.00000000 0.00000000 0.00000000

1 d) bb) 0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

--- 0.00000000 ---

1 d) cc) 0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

davon in 1 d) cc) enthaltene Neu-Veräußerungsgewinne 0.00000000 0.00000000 0.00000000

--- 0.00000000 ---

davon in 1 d) aa) enthaltene Zinsen, sonstige Erträge, steuerpflichte Mieten und steuerpflichtige Veräußerungsgewinne aus

Immobilien < 10 Jahre

davon in 1 d) aa) enthaltene Erträge aus Wertpapierleihegeschäften i.S.d. § 15 Abs. 1 S. 7 InvStG

davon in 1 d) aa) enthaltene ausländische Dividenden, ausländische Erträge aus REIT sowie Neu-Veräußerungsgewinne

[entspricht 1 d) cc)]

Inländische Dividenden, inländische Erträge aus REIT, inländische Mieten sowie Veräußerungsgewinne aus inländischen

Immobilien < 10 Jahre i.S.d. § 7 Abs. 3 InvStG

davon in 1 d) bb) enthaltene inländische Dividenden, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der

Steuerbefreiung i.S.d. § 8b I KStG unterliegen

davon in 1 d) bb) enthaltene inländische Erträge aus REIT

in 1 c) kk) enthaltene Einkünfte, auf die § 2 Abs. 2 dieses Gesetzes i.V.m. § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG

oder im Fall des § 16 dieses Gesetzes i.V.m. § 8b Abs. 1 des KStG anzuwenden ist

Erträge i.S.d. § 21 Abs. 22 S. 4 i.V.m. § 8b Abs. 1 KStG

in 1 c) ii) enthaltene Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1 KStG

in 1 c) kk) enthaltene Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1 KStG

Teil der Ausschüttung, der zur Anrechnung von Kapitalertragsteuer berechtigt

davon in 1 d) bb) enthaltene inländische Mieten sowie Veräußerungsgewinne aus inländischen Immobilien < 10 Jahre

davon in 1 d) bb) enthaltene Erträge aus inländischen Dividenden, die nicht unter die Steuerbegünstigung nach § 8b Abs. 1

und 2 KStG fallen

Ausländische Dividenden, ausländische Erträge aus REIT sowie Neu-Veräußerungsgewinne i.S.d. § 7 Abs. 1 S. 5 InvStG in der bis

zum 24.06.2011 anzuwendenden Fassung (danach S. 4), soweit in Doppelbuchstabe aa) enthalten

davon in 1 d) cc) enthaltene ausländische Dividenden, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der


davon in 1 d) cc) enthaltene ausländische Erträge aus REIT

davon in 1 d) cc) enthaltene Erträge aus ausländischen Dividenden, die nicht unter die Steuerbegünstigung nach § 8b Abs.

1 und 2 KStG fallen

Zinsen, sonstige Erträge, ausländische Dividenden, ausländische Erträge aus REIT, ausländische Mieten, steuerpflichtige

Veräußerungsgewinne aus Immobilien < 10 Jahre sowie Neu-Veräußerungsgewinne i.S.d. § 7 Abs. 1 und 2 InvStG

Steuerfreie Gewinne aus dem An- und Verkauf inländischer und ausländischer Grundstücke außerhalb der 10-Jahresfrist

i.S.d. § 2 Abs. 3 InvStG

Einkünfte i.S.d. § 4 Abs. 1 InvStG, die aufgrund eines Doppelbesteuerungsabkommen steuerfrei sind (insbesondere

ausländische Mieterträge und Gewinne aus An- und Verkauf ausländischer Grundstücke)

in gg) enthaltene Einkünfte, die nicht dem Progressionsvorbehalt unterliegen

Ausländische Einkünfte, auf die tatsächlich ausländische Quellensteuer einbehalten wurde / als einbehalten gilt (§ 4 Abs. 2

InvStG), sofern die ausländische Quellensteuer nicht als Werbungskosten abgezogen wurde

in 1 c) ii) enthaltene Einkünfte, auf die § 2 Abs. 2 dieses Gesetzes i.V.m. § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG


in ii) enthaltene ausländische Einkünfte, auf die ausländische Quellensteuer als einbehalten gilt (fiktive Quellensteuer)

21

1 f) aa) 0.00000000 0.00000000 0.00000000

1 f) bb) --- --- 0.00000000

1 f) cc) 0.00000000 0.00000000 0.00000000

1 f) dd) --- --- 0.00000000

1 f) ee) 0.00000000 0.00000000 0.00000000

1 f) ff) --- --- 0.00000000

1 f) gg) --- 0.00000000 ---

1 f) hh) --- 0.00000000 ---

1 f) ii) --- 0.00000000 ---

1 g) 0.00000000 0.00000000 0.00000000

1 h) 0.01994787 0.01994787 0.01994787

in 1 f) aa) enthaltene anrechenbare Quellensteuer, die auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1

KStG entfällt

in 1 f) cc) enthaltene abziehbare Quellensteuer, die auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1

KStG entfällt

in 1f) ee) enthaltene anrechenbare Quellensteuer, die auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1

KStG entfällt

Betrag der Absetzung für Abnutzung oder Substanzverringerung (bei Immobilien)

Im Geschäftsjahr gezahlte Quellensteuer, vermindert um die erstattete Quellensteuer des Geschäftsjahres oder früherer

Geschäftsjahre

Anrechenbare Quellensteuer, die auf die Einkünfte i.S.d. § 4 Abs. 2 InvStG i.V.m. § 32d Abs. 5 EStG oder § 34c Abs. 1 EStG

entfällt und für die kein Abzug nach § 4 Abs. 4 InvStG vorgenommen wurde

in 1 f) aa) enthaltene anrechenbare Quellensteuer, die auf Einkünfte entfällt, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG

bzw. dem § 8b Abs. 2 KStG oder im Fall des § 16 dieses Gesetzes dem § 8b Abs. 1 KStG unterliegen

Quellensteuer, die auf Einkünfte i.S.d. § 4 Abs. 2 InvStG entfällt und in Verbindung mit § 34c Abs. 3 EStG abziehbar ist, soweit

diese nicht nach § 4 Abs. 4 InvStG abgezogen wurden

in 1 f) cc) enthaltene abziehbare Quellensteuer, die auf Einkünfte entfällt, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG


Anrechenbare Quellensteuer, die auf die Einkünfte i.S.d. § 4 Abs. 2 InvStG entfällt und die nach einem Abkommen zur Vermeidung

der Doppelbesteuerung als gezahlt gilt (fiktive Quellensteuer)

in ee) enthaltene als gezahlt geltende Quellensteuer (fiktive Quellensteuer), die auf Einkünfte entfällt, die dem

Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der Steuerbefreiung i.S.d. § 8b Abs. 1 und 2 KStG unterliegen

22

TAMAC Qilin

ISIN: LU1242506332

§ 5 Abs. 1

Nr. ...

InvStG

Privat-

anleger

EUR

Kapital-

gesellschaft

EUR

Sonst.

Betriebsvermögen

EUR

1a) Betrag der Ausschüttung 0.00000000 0.00000000 0.00000000

1 a) aa) In der Ausschüttung enthaltene ausschüttungsgleiche Erträge der Vorjahre 0.00000000 0.00000000 0.00000000

1 a) bb) In der Ausschüttung enthaltene Substanzbeträge 0.00000000 0.00000000 0.00000000

2 Teilthesaurierungsbetrag/ausschüttungsgleicher Ertrag 0.00000000 0.00000000 0.00000000

1 b) Betrag der ausgeschütteten Erträge 0.00000000 0.00000000 0.00000000

1 c) In den ausgeschütteten / ausschüttungsgleichen Erträgen enthaltene:

1 c) aa) --- --- 0.00000000

1 c) bb) --- 0.00000000 0.00000000

1 c) cc) --- 0.00005739 0.00005739

1 c) dd) 0.00000000 --- ---

1 c) ee) 0.00000000 --- ---

1 c) ff) 0.00000000 --- ---

1 c) gg) 0.00000000 0.00000000 0.00000000

1 c) hh) 0.00000000 --- 0.00000000

1 c) ii) 0.00000000 0.00000000 0.00000000

1 c) jj) --- --- 0.00000000

Einkünfte i.S.d. § 4 Abs. 1 InvStG, die aufgrund eines Doppelbesteuerungsabkommen steuerfrei sind (insbesondere

ausländische Mieterträge und Gewinne aus An- und Verkauf ausländischer Grundstücke)

in gg) enthaltene Einkünfte, die nicht dem Progressionsvorbehalt unterliegen

in 1 c) ii) enthaltene Einkünfte, auf die § 2 Abs. 2 dieses Gesetzes i.V.m. § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG


Ausländische Einkünfte, auf die tatsächlich ausländische Quellensteuer einbehalten wurde / als einbehalten gilt (§ 4 Abs. 2

InvStG), sofern die ausländische Quellensteuer nicht als Werbungskosten abgezogen wurde

Im Privatvermögen steuerfreie Alt-Veräußerungsgewinne aus Wertpapieren, Bezugsrechten und Termingeschäften i.S.d. §

2 Abs. 3 Nr. 1 S. 1 InvStG in der am 31.12.2008 anzuwendenden Fassung

Steuerfreie Alt-Veräußerungsgewinne aus Bezugsrechten auf Freianteile an Kapitalgesellschaften i.S.d. § 2 Abs. 3 Nr. 1 S.

2 InvStG in der am 31.12.2008 anzuwendenden Fassung

Steuerfreie Gewinne aus dem An- und Verkauf inländischer und ausländischer Grundstücke außerhalb der 10-Jahresfrist

i.S.d. § 2 Abs. 3 InvStG

Steuerliche Daten nach § 5 Abs. 1 Nr. 3 InvStG

für den Zeitraum vom 18.12.2015 bis zum 30.04.2016

TAMAC Qilin-China Champions D EUR per 30.04.2016

(Tag der Beschlussfassung: 15.06.2016)

Erträge i.S.d. § 2 Abs. 2 S. 1 dieses Gesetzes i.V.m. § 3 Nr. 40 des EStG oder im Fall des § 16 dieses Gesetzes i.V.m. §

8b Abs. 1 des KStG

Veräußerungsgewinne i.S.d. § 2 Abs. 2 S. 2 InvStG, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der

Steuerbefreiung i.S.d. § 8b Abs. 2 KStG unterliegen

Erträge im Sinne des § 2 Abs. 2a InvStG (Zinsschranke)

23

1 c) kk) 0.00000000 0.00000000 0.00000000

1 c) ll) --- --- 0.00000000

1 c) mm) --- 0.00000000 ---

1 c) nn) --- 0.00000000 ---

1 c) oo) --- 0.00000000 ---

1 d) 0.00000000 0.00000000 0.00000000

1 d) aa) 0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

--- 0.00000000 ---

0.00000000 0.00000000 0.00000000

1 d) bb) 0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

--- 0.00000000 ---

1 d) cc) 0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

0.00000000 0.00000000 0.00000000

davon in 1 d) cc) enthaltene Neu-Veräußerungsgewinne 0.00000000 0.00000000 0.00000000

--- 0.00000000 ---

in ii) enthaltene ausländische Einkünfte, auf die ausländische Quellensteuer als einbehalten gilt (fiktive Quellensteuer)

in 1 c) kk) enthaltene Einkünfte, auf die § 2 Abs. 2 dieses Gesetzes i.V.m. § 8b Abs. 2 des KStG oder § 3 Nr. 40 des EStG


Teil der Ausschüttung, der zur Anrechnung von Kapitalertragsteuer berechtigt

davon in 1 d) aa) enthaltene Zinsen, sonstige Erträge, steuerpflichte Mieten und steuerpflichtige Veräußerungsgewinne aus

Immobilien < 10 Jahre

Erträge i.S.d. § 21 Abs. 22 S. 4 i.V.m. § 8b Abs. 1 KStG

in 1 c) ii) enthaltene Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1 KStG

in 1 c) kk) enthaltene Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1 KStG

Zinsen, sonstige Erträge, ausländische Dividenden, ausländische Erträge aus REIT, ausländische Mieten, steuerpflichtige

Veräußerungsgewinne aus Immobilien < 10 Jahre sowie Neu-Veräußerungsgewinne i.S.d. § 7 Abs. 1 und 2 InvStG

davon in 1 d) bb) enthaltene Erträge aus inländischen Dividenden, die nicht unter die Steuerbegünstigung nach § 8b Abs. 1

und 2 KStG fallen

davon in 1 d) cc) enthaltene ausländische Erträge aus REIT

Ausländische Dividenden, ausländische Erträge aus REIT sowie Neu-Veräußerungsgewinne i.S.d. § 7 Abs. 1 S. 5 InvStG in der bis

zum 24.06.2011 anzuwendenden Fassung (danach S. 4), soweit in Doppelbuchstabe aa) enthalten

davon in 1 d) cc) enthaltene ausländische Dividenden, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der


davon in 1 d) cc) enthaltene Erträge aus ausländischen Dividenden, die nicht unter die Steuerbegünstigung nach § 8b Abs.

1 und 2 KStG fallen

davon in 1 d) aa) enthaltene Erträge aus Wertpapierleihegeschäften i.S.d. § 15 Abs. 1 S. 7 InvStG

davon in 1 d) aa) enthaltene ausländische Dividenden, ausländische Erträge aus REIT sowie Neu-Veräußerungsgewinne

[entspricht 1 d) cc)]

davon in 1 d) bb) enthaltene inländische Erträge aus REIT

davon in 1 d) bb) enthaltene inländische Mieten sowie Veräußerungsgewinne aus inländischen Immobilien < 10 Jahre

Inländische Dividenden, inländische Erträge aus REIT, inländische Mieten sowie Veräußerungsgewinne aus inländischen

Immobilien < 10 Jahre i.S.d. § 7 Abs. 3 InvStG

davon in 1 d) bb) enthaltene inländische Dividenden, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der


24

1 f) aa) 0.00000000 0.00000000 0.00000000

1 f) bb) --- --- 0.00000000

1 f) cc) 0.00000000 0.00000000 0.00000000

1 f) dd) --- --- 0.00000000

1 f) ee) 0.00000000 0.00000000 0.00000000

1 f) ff) --- --- 0.00000000

1 f) gg) --- 0.00000000 ---

1 f) hh) --- 0.00000000 ---

1 f) ii) --- 0.00000000 ---

1 g) 0.00000000 0.00000000 0.00000000

1 h) 0.01998544 0.01998544 0.01998544

Anrechenbare Quellensteuer, die auf die Einkünfte i.S.d. § 4 Abs. 2 InvStG i.V.m. § 32d Abs. 5 EStG oder § 34c Abs. 1 EStG

entfällt und für die kein Abzug nach § 4 Abs. 4 InvStG vorgenommen wurde

Betrag der Absetzung für Abnutzung oder Substanzverringerung (bei Immobilien)

in 1 f) cc) enthaltene abziehbare Quellensteuer, die auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs. 1

KStG entfällt

in 1f) ee) enthaltene anrechenbare Quellensteuer, die auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs.

1 KStG entfällt

Im Geschäftsjahr gezahlte Quellensteuer, vermindert um die erstattete Quellensteuer des Geschäftsjahres oder früherer

Geschäftsjahre

in 1 f) aa) enthaltene anrechenbare Quellensteuer, die auf Einkünfte entfällt, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG


Quellensteuer, die auf Einkünfte i.S.d. § 4 Abs. 2 InvStG entfällt und in Verbindung mit § 34c Abs. 3 EStG abziehbar ist, soweit

diese nicht nach § 4 Abs. 4 InvStG abgezogen wurden

in 1 f) cc) enthaltene abziehbare Quellensteuer, die auf Einkünfte entfällt, die dem Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG


Anrechenbare Quellensteuer, die auf die Einkünfte i.S.d. § 4 Abs. 2 InvStG entfällt und die nach einem Abkommen zur

Vermeidung der Doppelbesteuerung als gezahlt gilt (fiktive Quellensteuer)

in ee) enthaltene als gezahlt geltende Quellensteuer (fiktive Quellensteuer), die auf Einkünfte entfällt, die dem

Teileinkünfteverfahren i.S.d. § 3 Nr. 40 EStG bzw. der Steuerbefreiung i.S.d. § 8b Abs. 1 und 2 KStG unterliegen

in 1 f) aa) enthaltene anrechenbare Quellensteuer, die auf Einkünfte i.S.d. § 21 Abs. 22 S. 4 InvStG AIFMStAnpG i.V.m. § 8b Abs.

1 KStG entfällt

25

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FINAL 2 JB 714500 TAMAC Qilin-China Champions 30042016Annual Report as of April 30, 2016 TAMAC Qilin...

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