AGM Information • Apr 30, 2015
AGM Information
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On the thirteenth day of April twenty-fifteen, in my studio in Via Cristoforo Colombo no. 5, Mestre-Venice, witnessed by myself, Mr. ANGELO AUSILIO, Notary in Mestre and registered in the Board of Notaries of Venice, appeared:
and whose identity I am sure of.
The appearing party declares that he is part of this deed in his capacity as Chairman of the Board of Directors of the Company 'BANCA IFIS S.P.A.' with its registered office in Mestre-Venice, at the address of Via Terraglio 63, share capital fully paid-in of Euro 53,811,095.00 (fifty-three million, eight hundred and eleven thousand, and ninety-five point zero zero), tax code and registration number in the Business Registry of Venice 02505630109, Economic and Administrative Index (REA) no. 0247118, member of the Interbank Deposit Protection Fund, ABI code 3205.2, Register of Banks member no. 5508, Parent Company of the Banca IFIS Banking Group and listed on the Telematic Stock Market - STAR segment – operated by 'Borsa Italiana S.p.A.' (the Italian Stock Exchange). MR. SEBASTIEN EGON FURSTENBERG
to record the minutes of the resolutions that will be adopted by the Ordinary and Extraordinary Shareholders' Meeting of the afore-mentioned Company, 'Banca IFIS S.p.A.', held on 8 April 2015 at the registered office in Via Terraglio 63 in Mestre-Venice.
Thus, I, the Notary, acknowledge that the Shareholders' Meeting was held, in my presence as Secretary delegated by the Chairman, as follows:
On the eighth day of April twenty-fifteen at 9:32 (nine, thirty-two) a.m., at the registered office of the Company 'BANCA IFIS S.P.A.' in Via Terraglio 63, Mestre-Venice, the Ordinary and Extraordinary Shareholders' Meeting convened in a single call, met to discuss and adopt resolutions on the following:
1) Approval of the Annual Report as at 31st December 2014; communication of the Group Consolidated Annual Report as at 31st December 2014; allocation of the profits for the year; inherent and consequent resolutions;
2) Remuneration policies for corporate officers, employees and associates of the Banca IFIS Banking Group: Report on remuneration;
3) Authorisation to purchase and sell treasury shares, subject to revocation of the previous authorisation.
1) Amendment to the Articles in force 1, 10, 11, 12, 13, 14, 15,16,17,21 and 22 of the Articles of Incorporation; inherent and consequent resolutions.
Pursuant to the Shareholders' Meeting Regulations, the Chairman of the Board of Directors, Mr. SEBASTIEN EGON FURSTENBERG, takes the chair and asks me to act as Secretary and to record the resolutions that will be taken at said Shareholders' Meeting.
The Chairman, with the help of the Chief Executive Officer, GIOVANNI BOSSI, notes and asks me, the Notary, to record in these minutes:
That the Shareholders' Meeting has been regularly convened, with notice published in the Italian newspaper 'Italia Oggi' on 6 March 2015 and, on this same date, on the Company's website (section Corporate Governance – Shareholders' Meetings), in a single call for today, 8 April 2015 at 9:30 a.m. at the registered office;
That the notice to convene indicated the shareholders' right to ask that items be added to the Meeting's agenda and to present new proposals, pursuant to Art. 126-bis of Italian Lgs. Decree 58/1998, and that no shareholder has decided to exercise such right;
That pursuant to Art. 135-undecies of Italian Lgs. Decree 58/1998, the Company has appointed as designated representative for this Meeting the Licensed Chartered Accountant GIO-VANNI BOLDRIN with his Studio in Castello 5507, 30122, to whom the shareholders were entitled to grant a proxy, free of charge and that no shareholders availed themselves of such option;
That the above-mentioned Licensed Chartered Accountant GIO-VANNI BOLDRIN has declared that he has no personal interest, nor interest on behalf of third parties, with respect to the items on the agenda;
That, in order to fulfil as best as possible the legislative provisions regarding the right to ask questions before the Meeting (specifically as per Art. 127-ter of the Consolidated Law on Finance) and during the same, the following procedure will be adopted: (i) all questions received in writing before the Meeting and those that may be asked by means of a written document delivered during the discussion will be answered, one question at a time, except in case of questions with the same content, to which a single answer will be provided; (ii) the questions included in the oral part of the discussion will be answered, at the end of all contributions, on the basis of what was actually understood during the course of said presentation;
That the deeds, documents and notices required by the law have been regularly filed, and that market disclosure obligations have been fulfilled;
That the current share capital, as shown in the filing made with the Business Register of Venice on 5 August 2010, is equal to Euro 53,811,095.00 (fifty-three million, eight hundred eleven thousand, and ninety-five point zero zero), represented by 53,811,095 (fifty-three million, eight hundred eleven thousand, and ninety-five) nominative ordinary shares, each one worth Euro 1 (one);
That in order to obtain an admission ticket to the Meeting, the Intermediaries' communications pertaining to the shares indicated in the document enclosed herein under letter 'A' were exhibited pursuant to Art. 9 of the Articles of Incorporation;
That, pursuant to Italian Lgs. Decree 196/2003 (Code on the Protection of Personal Data), information on the Meeting's participants is collected and processed by the Company for the sole purpose of fulfilling corporate or meeting-related obligations and, in any event, in such a way as to ensure security and confidentiality of such information;
That at 9:45 (nine, forty-five) a.m., the shareholders listed in the document enclosed with these minutes under letter 'B' are present, and consequently a total of 40,202,271 (forty million, two hundred and two thousand, two hundred and seventy-one) ordinary shares with voting right are represented at the Meeting, out of a total of 53,811,095 (fifty-three million, eight hundred eleven thousand and ninety-five) ordinary shares that make up the share capital, equal to 74.7100% (seventy-four point seven one zero zero percent) of said share capital;
That, to date, according to the records in the Shareholders' Register, supplemented by communications received pursuant to Art. 120 of Italian Lgs. Decree 58/1998, and from other available information, the shareholders who hold more than 2% (two percent) of the share capital subscribed and represented by shares with voting right are:
'LA SCOGLIERA S.P.A.', owner of 26,966,847 (twenty-six million, nine hundred and sixty-six thousand, eight hundred and forty-seven) ordinary shares, equal to 50.114% (fifty point one one four percent) of share capital;
GIOVANNI BOSSI, owner of 1,838,648 (one million, eight hundred thirty-eight thousand, six hundred and forty-eight) ordinary shares, equal to 3.417% (three point four one seven percent) of share capital;
'PREVE COSTRUZIONI S.P.A', owner of 1,160,000 (one million, one hundred and sixty thousand) ordinary shares equal to 2.156% (two point one five six percent) of share capital;
'ALCHIMIA S.p.A.', owner of 1.076.247 (one million, seventysix thousand, two hundred and forty seven) ordinary shares equal to 2,000% (two point zero zero zero percent) of share capital;
That none of the agreements referred to in Art. 122 of Italian Lgs. Decree 58/1998 exist;
That, to date, 'BANCA IFIS S.P.A.' holds 752,165 (seven hundred and fifty-two thousand, one hundred and sixty-five) treasury shares equal to 1.398% (one point three nine eight percent) of share capital;
That the following members of the Board of Directors are present: the Chairman SEBASTIEN FURSTENBERG; the VicePresident ALESSANDRO CSILLAGHY, the Chief Executive Officer GIOVANNI BOSSI, along with Board members GIUSEPPE BENINI, FRANCESCA MADERNA, ANDREA MARTIN, RICCARDO PREVE and DANIELE UMBERTO SANTOSUOSSO;
That the entire Board of Statutory Auditors is present, in the persons of the Chairman, GIACOMO BUGNA, and of the Standing Auditors GIOVANNA CIRIOTTO and MAURO CARLO ROVIDA;
That the following members of the Remuneration Committee are present: FRANCESCA MADERNA (Chairman of the Committee), ANDREA MARTIN and DANIELE UMBERTO SANTOSUOSSO(members of the Committee);
That, pursuant to Art. 2429 of the Italian Civil Code and to Art. 154-ter of Italian Lgs. Decree 58/1998, the annual financial report comprising the draft financial statements of 'BAN-CA IFIS S.P.A.' and the Consolidated Annual Report of the Group to which the Company reports as at 31st December 2014, together with the Directors' report on operations, the Board of Statutory Auditors' report and the report by the Auditing Firm 'RECONTA ERNST & YOUNG S.p.A.', along with the certification referred to in Art. 154-bis, paragraph 5, of Italian Lgs. Decree 58/1998 have been made available to the public at the Company's registered office, at the 'Borsa Italiana S.p.A.' (the Italian Stock Exchange) and at the authorised storage mechanism , as well as on the Company's website, and that such documentation is available to the shareholders participating in the Meeting;
That, pursuant to Art. 125-ter of Italian Lgs. Decree 58/1998, the Board of Directors has drafted the specific Explanatory Report on proposals concerning issues being discussed during today's Meeting, and that such Report has been filed with the Company's registered office, at the 'Borsa Italiana S.p.A.' (the Italian Stock Exchange) and at the authorised storage mechanism . The Report has also been made available to the public on the Company's website, and it is available to the shareholders participating in the Meeting;
That, pursuant to Art. 123-bis, paragraph 3, of Italian Lgs. Decree 58/1998, the Board of Directors, during the meeting held on 18 February 2015, approved the 'Report on corporate governance and shareholding structures'; this report, prepared using the format provided by 'Borsa Italiana S.p.A.', has been filed with the 'Borsa Italiana S.p.A.' (the Italian Stock Exchange), the authorised storage mechanism , as well as the Company's registered office and it has been made available to the public on the Company's website together with the draft financial statements for the year which ended on 31st December 2014, and it is also available to the shareholders participating in the Meeting;
That the shareholders were given the option to request a copy of the aforementioned documentation;
that qualified journalists, experts and financial analysts, as well as representatives of the Auditing Firm 'RECONTA ERNST & YOUNG S.p.A.' were authorised to attend the Meeting;
That the General Manager ALBERTO STACCIONE is present;
That CARLO SIROMBO, Head of the Administration and General Affairs Area, is present in his capacity as Financial Reporting Officer;
That the designated representative for this Shareholders' Meeting is the Licensed Chartered Accountant GIOVANNI BOLDRIN; - That a few Company employees and collaborators are present in the room and at the entrance for practical reasons.
The Chairman hereby invites the participants to point out during the voting procedure whether they lack the right to vote pursuant to the regulations in force, which require that:
Anyone who has a direct or indirect shareholding in a Company listed on the Stock Exchange for more than 2% has to communicate it in writing to said Company and to Consob;
The acquisition of shareholdings in banks that, taking into account the shares already owned, results in:
a) shareholdings equal to or greater than 10% or the reaching or exceeding of limits of 20%, 33% and 50% of the share capital or of the voting rights;
b) the chance to exercise significant influence on the management;
c) control, regardless of the amount of the shareholdings;
are subject to specific legal obligations and must notify the Bank of Italy of such shareholdings.
The Chairman acknowledges that all persons falling within the specific cases mentioned above are entitled to vote. The Chairman, then, ascertains and declares that the required checks were carried out based on the information available for admission to the voting, and that none of the participants have declared situations that would prevent them from participating.
The Chairman then reminds the participants that the names of those who declare that they will not vote, vote against, who abstain from voting or who leave the room prior to each vote shall be recorded in the minutes of the meeting. To this end, in order to properly record the minutes of the Meeting, the Chairman asks the shareholders to refrain from leaving the meeting insofar as it is possible. The Chairman also asks anyone who needs to leave the room to go to the special stations so that their absence can be recorded, and to not leave the room during the actual voting stages.
The Chairman refers that, pursuant to Consob Communication no. 96003558 dated 18 April 1996, the Auditing Firm 'RECONTA ERNST & YOUNG S.p.A.', as part of its assignment approved by the Shareholders' Meeting of 17 April 2014, has worked on auditing activities and the drafting of the report on the annual report and on the consolidated annual report as at 31st December 2014 for a total of 2,230 (two thousand, two hundred and thirty) hours, for a total payment of Euro 104,000.00 (one hundred and four thousand point zero zero).
Having completed the preliminary technicalities and having verified that this Meeting is validly constituted and authorised to adopt resolutions on the items on the agenda, the Chairman points out that the voting will be carried out through the raising of hands and turns to the
of the agenda for the day, which is the 'Approval of the Annual Report as at 31st December 2014; communication of the Group Consolidated Annual Report as at 31st December 2014; allocation of the profits for the year; inherent and consequent resolutions'.
The Chairman refers to the contents of the Directors' Report on Operations, and then invites the shareholders to look through the draft financial statements and consolidated annual report, as well as the relevant explanatory notes contained in the folder distributed to the participants, omitting their reading by express request of the Meeting.
The Chairman then illustrates the reports on the financial statements and consolidated annual report prepared by the Auditing Firm 'RECONTA ERNST & YOUNG S.p.A.'.
The Chairman moves on to describe to the Meeting the proposed allocation of profits for the 2014 period, equal to Euro 94,396,413,05 (ninety-four million, three hundred and ninetysix thousand, four hundred and thirteen) as follows:
a) To the shareholders, a cash dividend (gross of legal taxes) of Euro 0.66 (zero point sixty-six) for each ordinary share with detachment of coupon 18 on 13 April 2015. Such dividend includes the portion attributable to the treasury shares held by the Bank. Pursuant to Article 83-terdecies of Legislative Decree 58 of 24 February 1998 (the Consolidated Law on Finance), legal right to payment of such dividend will be made making reference to the intermediary's accounts as per Article 83-quarter, paragraph 3 of Lgs. Decree no.58/1998 at the end of the accounting day of 14 April 2015 (the so-called record date).
b) To other reserves as for the remaining amount.
The Chairman then informs the participants that payment of the dividend for the 2014 period is scheduled for 15 (fifteenth) April 2015 (twenty-fifteen). Payment will be made through the authorised intermediaries with whom the shares are registered in the securities settlement system Monte Titoli.
Afterwards, the Chairman turns the floor over to the Chairman of the Board of Statutory Auditors, who, on behalf of said Board, illustrates in summary the Auditors' reports on the financial statements, on the consolidated annual report and on the supervisory activity carried out, expressing his favourable opinion on the proposed allocation of profits described above.
The Chairman thanks the Chairman of the Board of Statutory Auditors and declares open the discussion, specifying that he will turn the floor over to those shareholders who have requested it according to Article 9 of the Shareholders' Meeting Regulations, on a time to time basis.
The first shareholder to take the floor is DEMETRIO RODINO'. This shareholder expresses his satisfaction with the amount of the dividend proposed, which is higher than last year, and with the Group's solidity and profitability, comparing it to a multi-utility. Affectionately remembering that he was present in Banca IFIS's very first Shareholders' Meeting following its listing, he expresses his satisfaction with the Bank's growth over time. With regards to the Credi Impresa Futuro brand, the Shareholder asks if the growth pattern of 2014 has continued over these first few months of 2015. The shareholder then asks for more information on the agreement between Banca IFIS and Maas (Mercati Agro-Alimentari Sicilia), specifically if this agreement can be considered a prelude to other undertakings by the Bank in this industry. The shareholder Lawyer Gianluca Fiorentini then takes the floor and asks that all the following questions, which he produced in writing at the beginning of the Meeting, be recorded in the minutes: '1. Of the approximately 15 subjects – national and international - operating in the NPL sector in Italia, what position does Banca IFIS hold in terms of assets under management? 2.The latest purchase – according to the data I have available - was in March this year. It is being said that we paid around 5% for the 400 million Euro of NPLs we purchased. It is also said that this is a high price to pay taking into account the competition. Is this true? 3. Granted that I only require reliable, significant data, even if only approximate, out of 100 loan dossiers, how many are: a) Uncollectible; b) Partially uncollectible, shown in groups; c) Entirely or almost entirely collectible; Consequently, what is the overall real average recovery rate? 4. On page 32 of the Statutory Annual report, you have indicated the recovery methods: judicial and non-judicial. Still working in percentages and providing some useful figures, is it possible to know how many loan dossiers go through judicial recovery and starting from what amount? I am also interested in the figures relating to non-judicial recovery. 5. In 2014, legal expenses and consultancy fees amounted to 9 million, 253 thousand Euro. What percentage of this amount refers to the NPL portfolio? What other costs were incurred for recovery of this portfolio?'
The shareholder Carlo Francesco Maffei Faccioli then takes the floor. Given that banks will finance companies more than in the past and the costs for financing companies in the banking system are presumably lower than those of factoring and therefore of Banca IFIS, this shareholder asks if there could be an impact on the Bank's income statement.
Considering negative, receivable interest rates on deposits in certain European countries, the shareholder asks what the forecasts are for the rendimax rates and relative flows. Furthermore, he would like to know, based on the scenario where differences between Italian government bonds and German bunds are reducing, if it is possible that Banca IFIS may consider selling some of its government bonds realizing the relative capital gains.
Lastly, the shareholder asks if the Bank is considering the opportunity of entering new business areas like it did a few years ago with non-performing loans.
The Chief Executive Officer answered the shareholders' questions.
With regards to the questions put forward by the Shareholder Rodinò, the Chief Executive Officer confirms growth, as per forecasts and objectives that the Bank has set, in the financing of Italian SMEs' accounts receivables through the new brand Credit Impresa Futuro. The C.E.O. also underlines traditional seasonal fluctuations in the business, reminding the shareholders that, every year, the second and fourth quarters are characterized by decidedly better trends in loans than the first and the third. He also highlighted that banks' reluctance to finance small companies helps Banca IFIS in its expansion drive, as it can choose which clients to finance or otherwise, having further room for growth.
As regards the agreement drawn up with Maas, an agroindustrial center in Catania that sets up and manages agroindustrial wholesale markets, the C.E.O. underlines that this move fits with the Bank's way of doing business and that it is the Bank's objective to set up such forms of continuous collaboration with enterprises throughout the territory. Furthermore, he ensures shareholders that the development of these relations occurs taking into account both the presence of other operators able to satisfy market needs and any potential risk factors involved. The C.E.O. also points out that this agreement required limited resources in terms of financial commitment, and represents a basis on which to assess the possibility of further expansion and agreements. With regards to the questions put forward by the shareholder Lawyer Fiorentini:
The Chief Executive Officer underlines that the NPL market can be subdivided into two sections: 'secured loans' (having underlying collateral guarantees and collected through an analytical approach) and 'unsecured loans' that may be ordinarily collected en masse). Banca IFIS presently does business on the unsecured loan market, mainly handling consumer credit loans, and is at the top of the rankings in terms of the number of positions and the overall nominal value of the loans handled.
As far as concerns the recent disclosure to the public of the purchase of a NPL portfolio for a nominal value of about 400 million Euro, the C.E.O. states that the understanding with the intermediary means that this purchase will occur in stages, every quarter over 2015, and is made up of about 65,000 positions. With regards to the price agreed upon, he draws attention to the fact that:
a) The quality of the portfolio is particularly high in that these loans are recent and well-indexed (and hence more easily collectible);
b) Current market competition inevitably pushes prices up.
To answer Lawyer Fiorentini's third question, the Chief Executive Officer draws attention to the fact that the percentage of debts recovered depends on portfolio processing times and may be classified according to whether they are ex-ante or ex-post. For older portfolios, records show the Bank that if 8/10 years have passed since debt recovery actions were put in place then over 80% of the loans are write-offs, 5% are almost entirely collectible and the remainder is partially recoverable. Collection rates for recently purchased loans are entirely different, also in the light of that previously stated about the tendency of intermediaries to transfer 'younger' and better-documented loans. Of newer purchases, it is known that around 10% are unrecoverable, but collection forecasts are much more ambitious than for older portfolios, also thanks to possible changes for the better in debtors' situations (work or earning-wise).
With regards to judicial or non-judicial collection methods, the Chief Executive Officer describes the different judicial methods of collection, which are carried out through two main channels:
a) Prevalently through the so-called legal factory, in which forced debt collection actions are prepared in terms of content by the Bank's personnel, who then transmit these to the Legal office for perfection and officialisation;
b) Entrustment of the remainder to external lawyers who then manage the entire procedure.
The judicial method is linked more to the debtor's lack of willingness to pay (which occurs in about 5/10% of the cases) than to the amounts involved.
The C.E.O. then answers Mr. Fiorentini's request for information on non-judicial collection methods and states that these are based in part on a network of agents specialized in financial activities and trained in-house by the Bank and partly relying upon specialized external debt collection companies who follow the Bank's collection strategies.
The shareholder Fiorentini expressed his satisfaction with the detailed reply to his questions.
With regards to the questions put forward by the shareholder Maffei Faccioli, the Chief Executive Officer, in primis, made some general observations on: the factoring product, decidedly more effective when compared to other forms of financial support to enterprises in general; on the lasting, difficultly in accessing credit by SMEs (small and micro-enterprises that make up most of Banca IFIS's client base), and on the absorption of banks' capital (restricted by the laws and regulations in force governing the ratio between capital and the risks taken on) by loans due from various types of customer. The overall picture painted by the C.E.O. allows for the reasonable conviction that the Bank's profitability levels will continue in 2015.
The C.E.O. then moves on to comment on the current scenario in terms of negative interest rates on inter-banking savings and deposits and the forecast that these rates will rise thanks to measures taken by the European Central Bank to fight deflation. In this context, the Chief Executive Officer doesn't see much room for further reductions in the cost of retail savings and deposits whilst he believes the fall in the masses recorded up to now as being reasonable and in line with forecasts. In addition, the Chief Executive Officer expresses his agreement with the shareholder Mr. Maffei Faccioli as far as regards evaluating the possibility of selling securities.
As for the possibility of entering into new business areas, the C.E.O. points out that the opportunities examined so far have not been of interest due to the risk versus expected returns involved and due to lack of consistency with the current operating sectors. The Bank will continue, however, to remain alert and interested in receivables and asset portfolios and/or other opportunities present on the market.
Seeing that no one else wishes to take the floor, the Chairman reckons that enough information has been provided with regards to the financial statements and to company management and so declares the discussion closed.
The Chairman, then, declares the voting open on the first item of the ordinary part of the agenda.
The Chairman once again invites the participants to record whether they lack the right to vote pursuant to the aforementioned regulations in force.
At 10:30 (ten, thirty) a.m., the shareholders listed in the document enclosed with these minutes under letter 'C' are present and, consequently, a total of 40,206,689 (forty million, two hundred and six thousand, six hundred and eighty-nine) ordinary shares with voting right are represented at the Meeting, out of a total of 53,811,095 (fifty-three million, eight hundred eleven thousand and ninety-five) ordinary shares, which represent the share capital, equal to 74.7182% (seventyfour point seven one eight two percent) of the share capital. The Meeting:
Having heard and approved the Board of Directors' Report on item 1) of the ordinary part of the agenda;
Having acknowledged the report on the financial statements and on the consolidated annual report prepared by the Board of Statutory Auditors and on the supervisory activity carried out by such Board;
Having acknowledged the reports on the financial statements and on the consolidated annual report prepared by the Auditing Firm;
A) TO APPROVE the financial statements for the period ending on 31st December 2014, with the report on operations presented by the Board of Directors;
B) TO ALLOCATE the net profit for the 2014 period, equal to Euro 94.396.413,05 (ninety-four million, three hundred and ninety-six thousand, four hundred and thirteen) as follows:
a) To the shareholders, a cash dividend of Euro 0.66 (zero point sixty-six) for each ordinary share with detachment of coupon 18 on 13 April 2015. Such dividend includes the portion attributable to the treasury shares held by the Bank. Pursuant to Article 83-terdecies of Legislative Decree 58 of 24 February 1998 (the Consolidated Law on Finance) legal right to payment of such dividend will be made making reference to the intermediary's accounts as per Article 83-quarter, paragraph 3, of the Consolidated Law on Finance, at the end of the accounting day of 14 April 2015 (the record date).
b) To other reserves as for the remaining amount;
c) To pay this dividend as from the 15th (fifteenth) April 2015 (twenty fifteen). Payment shall be made through the authorised intermediaries with whom the shares are registered in the Monte Titoli System;
With the following result manifested by the raising of hands:
Votes in favour: 40,115,174 (forty million, one hundred and fifteen, one hundred and seventy-four);
Votes against: 0 (zero);
Abstained: 91.515 (ninety-one thousand, five hundred and fifteen);
Non-voters: 0 (zero).
The names of shareholders who voted in favour and those who abstained and the relevant number of shares are listed in the document enclosed with these minutes under letter 'D'.
Taking into consideration the second item of the ordinary part of the agenda 'Remuneration policies for corporate officers, employees and associates of the Banca IFIS Banking Group: Report on remuneration', the Chairman illustrates the document entitled 'Report on remuneration' approved by the Board of Directors of 'BANCA IFIS S.P.A.' during the meeting held on 18 February 2015.
Such report was made available to the public at the Company's registered office, at the 'Borsa Italiana S.p.A.' (the Italian Stock Exchange) and at the authorised storage mechanism , as well as on the Company's website on 18 March 2015, together with the 'Report on corporate governance and ownership structures'.
The Chairman refers that with the aforementioned Report on Remuneration, the Board of Directors aimed to fulfil the requirements referred to in Art. 123-ter of the Consolidated Law on Finance, as well as banking sector regulations and the self-regulation rules contained in the Corporate Governance Code of Listed Companies.
The report hence contains additional information, in aggregate form, on individuals known as 'risk-takers' not included in the area of application of the aforementioned Article of the Consolidated Law on Finance.
With regards to the normative framework, the Chairman specifically refers to:
a)In relation to primary and secondary regulations applicable to listed companies:
Art. 123-ter of the Consolidated Law on Finance containing the provision requiring companies to make available to the public a Report on remuneration at least twenty-one days prior to the date of the Ordinary Shareholders' Meeting convened to approve the Annual Report;
Art. 84-quater of the Issuers' Regulations containing the requirement to make available to the public the aforementioned Report on remuneration, in compliance with Scheme 7-bis of Annex 3A of said Issuers' Regulations;
b)In relation to secondary regulations applicable to Banks and to Banking groups:
c)In relation to self-regulation rules of listed companies:
The Chairman points out that:
The Remuneration Committee, with a view to carrying out preliminary work on issues falling under its responsibility, viewed the text of the Report on remuneration approved by the Board of Directors;
The Chairman, Ms. FRANCESCA MADERNA and its members, Mr. AN-DREA MARTIN and Mr. DANIELE SANTOSUOSSO of said Committee have taken part in the current Shareholders' Meeting.
The Chairman, assisted by the C.E.O., moves on to illustrate the contents of the Report on remuneration, a copy of which is enclosed herein under letter 'E'.
In short, the Report on remuneration consists of:
i) Section I in which, based on instructions provided in Scheme 7-bis of Annex 3A of the Issuers' Regulations 'with reference to members of administration bodies, general managers and other managers with strategic responsibilities', the remuneration policy of the Banca IFIS Banking Group and the procedures used to adopt and implement such policy are illustrated; additional information is also provided, specifically on the policy concerning 'risk-takers' (according to the definition contained in the Supervisory Provisions), with a view to also fulfilling banking sector regulations with a single document; lastly, this section also contains the following main proposed changes to the remuneration and incentive company policies:
a)Correction of the current formula for calculating the variable quota for the Chief Executive and the General Manager [respectively 1.5% (one point five percent) and 0.75% (zero point seven five percent) of the share of the consolidated profit of the bank, gross of the sole taxes for the year, for the part exceeding Euro 40 (forty) million] by multiplying the result of the current formula by the ratio between the RORAC of the previous year and the RORAC of the current year (as obtained from the most recent update approved by the Three-year business plan);
b) Amendment of the qualification criteria of the variable
component that would be considered 'a particularly high amount' (and therefore subject to a delay of 5 years according to the new supervisory provisions) if higher than the fixed compensation, an option which will not however be compatible with the statutory provisions after the approval of the draft amendments project as per point 1) of the extraordinary part of the current Shareholders' Meeting;
c)Introduction of a malus mechanism consistent with the new sub formula a), to be verified and eventually applied in each of the three financial year-ends following the determination of the variable component;
d)Amendment of the claw-back clause with application, for each of the three financial year-ends following the determination of the variable component, in the event of 'significant' loss for the Bank [losses equal to or above 5% (five percent) of net assets] and that of 'total capital ratio' less than the threshold in force from time to time as well as, with immediate effect, the following provisions of the new supervisory instructions (in the case of changes in regulations prior to the imminent allocation of the variable part based on 2014 results):
Violations of the obligations imposed pursuant to Art. 26 (requirements of professionalism, integrity and independence) or, when the subject is an interested party, of Article 53, paragraphs 4 and sub-sections (conflict of interests), of the Consolidated Banking Act or of the requirements on remuneration and incentives;
Fraudulent behaviour or gross negligence against the Bank;
a) Amendment of the retention period (from two to three years) of the quota to be paid up-front in shares and clarification of the date (same as that of the Shareholder's meeting for the approval of the Financial Statements) and of the method of calculating the fair value (average market price in the month prior to the allocation date rounded to the nearest integer) of the quota to be paid in shares;
b) Raising of the maximum variable remuneration quota payable to the key personnel in charge of control functions from 20% (twenty percent) to one third of the Gross Annual Salary (as allowed under the new Supervisory provisions);
c) Adaptation of the minimum limits of quantitative parameters to which access is subject to the variable part of the remaining 'key personnel', other than the Chief Executive Officer and the General Manager and not pertaining to the category of managers of internal control functions [the minimum solvency ratio rises from 9% (nine percent) to 10.5% (ten point five percent) and the minimum consolidated profit before tax rises from 5% (five percent) to 8% (eight percent) of the consolidated net assets before the profit for the year].
The Shareholders' Meeting is called to adopt a resolution in favour of or against said Section 1 of the Report;
ii) Section II which contains, according to the provisions of Art. 10 of the Articles of Incorporation as well as of the application regulations on the topic, the information provided to the Shareholders' Meeting concerning the implementation of remuneration policies during the course of 2014.
Said 'Report' indicates, in compliance with Art. 84-quater of the Issuers' Regulations, the shares held by the members of the Board of Directors and of the Board of Statutory Auditors, by the General Manager and by the other executives with strategic responsibilities.
The proposed changes in Section I of the Report have also entailed, pursuant to Art. 114-bis of the Consolidated Law on Finance and of the relevant implementation rules (Art. 84-bis of the Issuers' Regulations), the need to make available to the public - at the same time as the convening notice for today's Shareholders' Meeting, which is 9 March 2015 - at the Company's Headquarters, at 'Borsa Italiana S.p.A.' (the Italian Stock Exchange) and at the authorised storage mechanism ****, as well as on the Company's website, an information document giving information on the consequent payment plan based on the attribution of Banca IFIS shares for certain company figures. With regards to this, reference is also made to the proposal made here below on the subject of purchase and sale of treasury shares.
The Chairman also presents the outcome of the verification carried out by the Internal Auditing Office on the methods used to ensure compliance of the remuneration practices with the normative context (verification that was also presented to the Board of Directors of 3 March 2015), as required by the previously-mentioned Circular no. 285 of 17 December 2013.
The Chairman declares the floor open to debate.
Seeing that no one wishes to speak, the Chairman believes that the information given is sufficient and declares discussion on the matter closed. He then declares the opening of the voting procedure on this second item of the ordinary part of the agenda.
The Chairman once again invites the participants to record whether they lack the right to vote pursuant to the aforementioned regulations in force.
At 10:43 (ten, forty-three) a.m., the shareholders listed in the document enclosed herein under letter 'C' are present and, consequently, a total of 40.206.689 (forty million, two hundred and six thousand, six hundred and eighty-nine) ordinary shares with voting right are represented at the Meeting out of a total of 53,811,095 (fifty-three million, eight hundred eleven thousand, ninety-five) ordinary shares that form the share capital, equal to 74.7182% (seventy-four point seven one eight two percent) of said share capital. The Meeting:
Having heard and approved the Board of Directors' Report on item 2) of the ordinary part of the agenda;
Having taken note of the report on the implementation of remuneration policies during the course of the year 2014, in compliance with Art. 10 of the Articles of Incorporation as well as with regulations in force on the subject, within the scope of the document entitled 'Report on remuneration' drawn up pursuant to Art. 123-ter of the Consolidated Law on Finance;
Having taken note of the outcome of the verification carried out by the Internal Auditing Office on the methods used to ensure compliance of remuneration practices with the normative context;
A) TO APPROVE the contents of Section I of the 'Report on Remuneration' prepared pursuant to Art. 123-ter of the Consolidated Law on Finance, also for the purpose of adapting the remuneration policies of the Banca IFIS Banking Group for 2015, enclosed herein under letter 'E';
B) TO APPROVE the share-based compensation plans for certain corporate subjects described in the information document drawn up as per Article 114bis of the Consolidated Law on Finance and the relative implementation rules (Art.84 bis of the Issuers' Regulations) and made available to the shareholders as per the law;
with the following result expressed by the raising of hands: - Votes in favour: 40,109,801 (forty million, one hundred and nine thousand, eight hundred and one);
Votes against: 38.945 (thirty-eight thousand, nine hundred and forty-five)
Abstained: 57,943 (fifty-seven thousand, nine hundred and forty three).
Non-voters: 0 (zero).
The names of shareholders who voted in favour or against, and those who abstained and the relevant number of shares are listed in the document enclosed with these minutes under letter 'F'.
Moving on to the third item of the ordinary part of the agenda 'Authorisation to purchase and sell treasury shares, subject to revocation of the previous authorisation', the Chairman turns the floor over to the C.E.O., who reminds the shareholders that the Ordinary Shareholders' Meeting of 17 April 2014 authorised, amongst other things, the purchase and sale of treasury shares as per Article 2357 and thereafter of the Italian Civil Code, as well as Article 132 of Lgs. Decree no.58/1998, establishing a price range within which the shares could be purchased, from a minimum of Euro 4 (four) to a maximum of Euro 25 (twenty-five), for a maximum amount of Euro 40 (forty) million. The purchased shares could then be sold at a price of at least 80% (eighty percent) of the reference price recorded in the Stock Exchange session preceding the selling date.
The Shareholders' Meeting also established a term of duration of 18 (eighteen) months for the authorisation, starting from the date on which the resolution was adopted.
As of 31st December 2013, Banca IFIS held 1,083,583 (one million, eighty-three thousand, five hundred and eighty-three) treasury shares, of a nominal, overall value of 1,083,583.00 (one million, eighty-three thousand, five hundred and eightythree), equal to 2,014% (two point zero one four percent) of the share capital, for a counter value of Euro 7.9 (seven point nine) million.
During the course of 2014, before the Shareholders′ Meeting resolution of 17 April, Banca IFIS S.p.A. sold, at the average price of Euro 13.96, (thirteen point ninety-six) no. 196,418 (one hundred and ninety six thousand, four hundred and eighteen) treasury shares for a nominal value of Euro 196,418 (one hundred and ninety six thousand, four hundred and eighteen) and a counter value of Euro 2.7 (two point seven) million, for a profit of Euro 1.5 (one point five) million which, in accordance with international accounting standards, was allocated to capital reserves.
During the aforementioned Shareholders' Meeting the development of the reference regulatory framework on the Bank's capital was recalled, particularly with respect to Articles 77 and 78 of Regulation (EU) no. 575/2013 of 26 June 2013 and the Delegated Regulation (EU) no. 241/2014 of 7 January 2014 (the latter published in the Official Journal of the European Union of 14 March 2014, and entered into force on the twentieth day following its publication). In this regard the shareholders were assured that the competent corporate structures would have executed the resolution on the acquisition of treasury shares in accordance with that regulation and any subsequent communications of the Bank of Italy.
The Chief Executive Officer relays that it was subsequently deemed unnecessary to submit the application to the Bank of Italy to obtain the authorisation required under this legislation and there were no new purchases or sales of treasury shares up to 31 December 2014.
Therefore at the end of 2014, the ending balance corresponds to that declared to the shareholders during the Shareholders' Meeting of 17 April 2014 and is equal to no. 887,165 (eight hundred and eighty-seven thousand, one hundred and sixty-five) treasury shares, for a nominal value of Euro 887,165 (eight hundred and eighty-seven thousand, one hundred and sixty-five) equal to 1.649% (one point six four nine percent) of the share capital and a counter value of Euro 6.7 (six point seven) million.
Presently the Bank, following its sale of 135,000 (one hundred and thirty-five thousand)shares on the 25 of March 2015, holds no. 752,165 (seven hundred and fifty-two thousand, one hundred and sixty-five) treasury shares, equal to 1.398% (one point three nine eight percent) of the share capital.
The Chairman states that since the aforementioned authorisation granted during the Shareholders' Meeting is expiring, shareholders have the opportunity to renew it for the purposes and within the limits of the aforementioned new regulatory framework and the interpretations drawn to date from the comparison with the Supervisory Authorities.
He then states the reasons for which it would be opportune to
renew this authorisation to purchase and sell treasury shares, upon revocation of the previous approval:
The purposes for which shareholders are asked to submit the authorisation to the Bank of Italy are those required by the aforementioned Delegated Regulation (EU) 241/2014, which can be summarised in the following terms:
-Reduction of capital under Article 77 of Regulation (EU) no. 575/2013 (CRR);
-Encouragement of regular performance of negotiations, so as to avoid price changes that are not in line with market performance and ensure proper support to market liquidity (market making);
-Assignment to the C.E.O., the General Manager and any other employees in the 'key personnel' category, in implementation of the remuneration and incentive policies approved by the Shareholders' Meeting;
-Equip directors with a strategic and operational flexibility instrument that makes it possible to use treasury shares as consideration in any non-recurrent transactions, including for the purchase and/or exchange of shareholdings, with other subjects within the scope of transactions of interest to the Bank;
To allow the above, in view of the current portfolio of treasury shares, available reserves and the distributable profits as per the Financial Statements as at 31st December 2014, it is appropriate to propose the authorisation to purchase ordinary treasury shares for the maximum amount required by the aforementioned Delegated Regulation (EU) no. 241/2014 of 7 January 2014 which - with regard to the purpose of supporting exchanges and in the light of the current excess of primary capital of class 1 with respect to the capital requirements referred to in Article 92 CRR (Pillar 1), 104 (1) (a) (Pillar 2) and 128 (6) (capital reserves) CRDIV – amounts to 3% (three percent) of the share capital sum and share premium [approximately Euro 3.8 (three point eight) million of equivalent value, equal to approximately 200,000 (two hundred thousand) shares at approximately Euro 19.00 (nineteen point zero zero)].
The equivalent purchase value can be covered by the specific 'Reserve for the future purchase of treasury shares', of equal amount once authorisation has been obtained from the Bank of Italy.
The shares whose purchase is being proposed are ordinary shares, fully paid, with nominal value of Euro 1 (one) each. The purchase for which authorisation is being requested refers to the Company's ordinary shares whose maximum number, in compliance with the limits set forth in Article 2357, paragraph three of the Italian Civil code, cannot have a total nominal value, including any shares owned by the Company and by its subsidiaries, exceeding one fifth of the entire share capital. The proposal calls for the shares being purchased, including through multiple transactions, within a period of 18 months from the date on which the resolution is adopted.
The shares may be purchased at a minimum price of Euro 4 (four) and maximum price of Euro 30 (thirty) per share.
The minimum and maximum prices were set by referring to an approximate range that goes from little less than one third to almost double the actual market price of the ordinary shares.
In addition, it is proposed to the Shareholders' Meeting to contextually authorise the Board of Directors also to transfer and sell the purchased Banca IFIS S.p.A. shares; No time limits are set for this subsequent selling of shares, even through multiple transactions.
The purchased shares can then be sold at a price of at least 80%( eighty percent) of the reference price recorded in the Stock Exchange session prior to the date on which the sale is carried out.
As per the 'Directors' Explanatory Report on the proposals concerning the items on the agenda of the ordinary and extraordinary shareholders' meeting' deposited and available to shareholders, purchases and sales can be carried out exclusively through trading on the stock market on which Banca IFIS S.p.A.'s ordinary shares are listed, according to methods that allow equal treatment of the Shareholders, pursuant to Art. 132 of Lgs. Decree no.58/1998.
Purchases and sales may be carried out in compliance with Market Abuse regulations, and they will be suspended during the 15 (fifteen) days that precede the Board's meeting called to approve the accounting data for the period. Such limitations shall not apply in case of exceptional situations of subjective need, adequately justified by the C.E.O. to the Bank, Consob and the Company that manages the Organised Markets. If necessary, treasury shares may also be used:
As consideration for extraordinary transactions, including the purchase and/or exchange of shareholdings, with other subjects within the scope of transactions that are of interest to the Bank.
As part of the variable compensation for certain corporate subjects, according to the policies approved by the Shareholders' Meetings over time.
The Chairman declares the discussion open.
The shareholder Carlo Francesco Maffei Faccioli makes some observations on the 30,00 Euro maximum purchase price proposed for the shares and on the current stock market situation which renders possible a rise in the prices of certain shares of about 50% over a time span that is not particularly long.
The Chief Executive Officer underlines that any interventions put in place to support share liquidity, moreover within the scope of a particularly strict legal framework, are not likely in cases where the shares are so high.
Seeing that no one else wishes to take the floor, the Chairman reckons that enough information has been provided and thus declares the discussion closed.
The Chairman then declares the opening of the voting procedure on the third item of the ordinary part of the agenda.
The Chairman once again invites the participants to record whether they lack the right to vote pursuant to the aforementioned regulations in force.
At 10:52 (ten, fifty-two) a.m., the shareholders listed in the document enclosed herein under letter 'C' are present and, consequently, a total of 40.206.689 (forty million, two hundred and six thousand, six hundred and eighty-nine) ordinary shares with voting right are represented at the Meeting out of a total of 53,811,095 (fifty-three million, eight hundred eleven thousand, ninety-five) ordinary shares that form the share capital, equal to 74.7182% (seventy-four point seven one eight two percent) of said share capital. The Meeting:
HEREBY RESOLVES
A) TO REVOKE the previous authorisation to purchase treasury shares granted on 17 April 2014;
B) TO DETERMINE the 'Reserve for future purchases of treasury shares' up to a maximum amount set by the Bank of Italy time to time, taking the full amount from the 'Share premium reserve';
C) TO AUTHORISE the Board of Directors to purchase the Company's ordinary shares, fully paid up, with nominal value of Euro 1.00 (one point zero zero) each, for a maximum number of overall nominal value, including any shares held by the Company and its subsidiaries, that does not exceed one fifth of the share capital, whose equivalent purchase value is taken entirely from the 'Reserve for future purchases of treasury shares', as resolved upon above. Such authorisation shall be granted for a maximum period of 18 (eighteen) months from today's date while purchases may be made, including through multiple transactions, at a price between a minimum of Euro 4.00 (four point zero zero) and a maximum of Euro 30.00 (thirty point zero zero) per share.
The unavailable 'Reserve for treasury shares', referred to in Art. 2357-ter of the Italian Civil Code, shall be set up subsequently and in connection with the amounts of purchases made using the 'Reserve for future purchases of treasury shares', and shall be maintained, as provided for by Art. 2357-ter of the Italian Civil Code, until the treasury shares have been transferred or cancelled;
D) TO AUTHORISE the Board of Directors, with no time limits, to subsequently resell the treasury shares thus purchased, including through multiple transactions, at a price of at least 80% (eighty percent) of the reference price registered during the stock market session preceding the date on which the sale is carried out;
E) TO ESTABLISH that purchases and sales can be carried out exclusively through trading on the stock market on which 'BAN-CA IFIS S.P.A.' ordinary shares are listed, according to methods that, pursuant to Art. 132 of Italian Lgs. Decree 58/1998, allow equal treatment of Shareholders;
F) TO ESTABLISH that purchases and sales may be carried out in compliance with Market Abuse regulations, and that they will be suspended during the 15 (fifteen) days that precede the Board's meeting called to approve the accounting data for the period. Such limitations shall not apply in case of exceptional situations of need, adequately justified by the C.E.O. to the Bank, Consob and the Company that manages the Organised Markets;
G) TO AUTHORIZE the Board of Directors to use the treasury
shares of 'BANCA IFIS S.p.A.', if necessary using the Fund for the purchase of treasury shares to assign said shares:
As consideration during extraordinary transactions, including the purchase and/or exchange of shareholdings, with other subjects within the scope of transactions that are of interest to the Bank;
As part of the variable remuneration for certain corporate subjects, according to the policies approved by the Shareholders' Meetings over time.
H) TO GRANT FULL POWERS to the C.E.O. in order to carry out all transactions, including financial ones, inherent and consequent to the execution of the aforementioned resolutions, in compliance with the provisions of the law and with the regulations in force from time to time, also guaranteeing that, through the management and control activity exercised on the subsidiaries, the latter will refrain from carrying out any transactions involving 'BANCA IFIS S.P.A.' shares, so as to ensure compliance with the maximum limit of one fifth of the share capital. With regards to the above, the C.E.O. is authorised to avail himself of the collaboration of third parties, entering into appropriate contracts and appointing agents or proxies for individual acts or categories of acts; with the following result manifested by the raising of hands: - Votes in favour: 39,508,919 (thirty-nine million, five hun-
dred and eight thousand, nine hundred and nineteen);
Votes against: 639,827 (six hundred and thirty-nine thousand, eight hundred and twenty-seven);
Abstained: 57,943 (fifty-seven thousand, nine hundred and forty-three);
Non-voters: 0 (zero).
The names of shareholders who voted for, against or abstained and the relevant number of shares are listed in the document enclosed with these minutes under letter 'G'.
The Chairman declares the end of discussions on the ordinary part of the agenda and states that the Bank of Italy, with its regulation no. 0287022/15 of 12 March 2015 has ascertained, as per Articles 56 and 61 of Lgs. Decree no. 385/1993, that the proposed amendments to the Articles of Incorporation fully comply with the principles of sound and prudent management. He then moves on to the
of the agenda, examining the item 'Amendment to Articles 1,10,11,12,13,14,15,16,17,21 and 22 of the Articles of Incorporation; inherent and consequent resolutions'.
The Chairman, drawing upon the Director's Explanatory Report, reminds the shareholders of the amendments introduced by the Bank of Italy in its Supervisory regulations through: - Update no. 15 of 2 July 2013 to Bank of Italy's Circular
no.263 of 27 December 2006;
Update no. 1 of 6 May 2014 to the Bank of Italy's Circular no. 285 of 17 December 2013;
Update no. 7 of 18 November 2014 to the Bank of Italy's Circular no. 285 of 17 December 2013.
The Chairman reports that the Project of Amendment to the Articles of Incorporation submitted for the approval of the Shareholders' meeting take account primarily of the need, caused by these provisions, to adapt the Articles of Incorporation with regard to the tasks and / or the composition of:
The Shareholders' Meeting;
The strategic supervisory body, in Banca IFIS identified in the Board of Directors;
The body in charge of management, identified in the C.E.O. (the General Manager also contributes to the management function).
As regards the new supervisory provisions on 'Remuneration and incentive policies and practices', it is useful to point out that the Board of Directors decided not to propose to the shareholders the statutory option of:
The Chairman then explains that the deliberation carried out has, in addition, resulted in:
-Eliminating, in Article 1 of the Articles of Incorporation, all the company's names (alternative or abbreviated) other than 'Banca IFIS S.p.A.';
-Increasing the opportunity, to date reserved only for the C.E.O., of chairing Employee committees to which the Board can assign powers;
-Some additional minor amendments for reconciliation, fine-
tuning or internal consistency purposes.
Based on the above, the Chairman proposes to the Shareholders' Meeting, the approval of the draft 'Project of amendment of the Articles of Incorporation' by adopting the text set out in Annex 1 of the 'Directors' Explanatory Report on the proposals concerning the items on the agenda of the ordinary and extraordinary shareholders' meeting' which shows, in accordance with the provisions of the 'Issuers Regulation', a table comparing the original text of the Articles of Incorporation and proposed amended versions.
The Chairman declares the discussion on this item open.
Seeing that no one wishes to take the floor, the Chairman reckons that enough information has been provided and thus declares the discussion closed.
The Chairman, then, declares the opening of the vote on this item of the extraordinary part of the agenda.
The Chairman once again invites the participants to record whether they lack the right to vote pursuant to the aforementioned regulations in force.
At 11:00(eleven)a.m., the shareholders listed in the document enclosed with these minutes under letter 'C' are present and, consequently, a total of 40,206,689 (forty million, two hundred and six thousand, six hundred and eighty-nine) ordinary shares with voting right are represented at the Meeting, out of a total of 53,811,095 (fifty-three million, eight hundred eleven thousand and ninety-five) ordinary shares, which represent the share capital, equal to 74.7182% (seventy-four point seven one eight two percent) of the share capital. The Meeting:
HEREBY RESOLVES
A) TO APPROVE the 'Amendment to Articles 1,10,11,12,13,14, 15,16,17,21 and 22 of the Articles of Incorporation' according to the text herein reported:
'Art.1) The Company is a public limited company having the name 'BANCA IFIS S.p.A.'
Art.10) The Ordinary Shareholders' Meeting approves the remuneration and incentive policies. In particular, the Ordinary Shareholders' Meeting, in addition to setting the remuneration due to the bodies it has nominated also approves:
tors, the C.E.O., the Board of Statutory Auditors, of the Chief Executive Officer and of the remaining employees; - Any compensation policies based on financial instruments (e.g. stock options);
Remuneration due to the Board of Directors is established upon their nomination or during Shareholders' Meetings, as per Article 2389 of the Italian Civil Code. In compliance with the Articles of Incorporation, and having obtained approval from the Board of Statutory Auditors, remuneration due to Directors with particular roles may be established by the Board of Directors. The Shareholders' Meeting may set an overall amount of remuneration for all Directors, including those with particular roles.
Art.11) The Company is managed by a Board of Directors composed of five to fifteen members, elected by the Shareholders' Meeting. They must have the necessary level of professionalism and authoritativeness to ensure a very high level of discussion inside the body they belong to and to give a significant contribution to the formation of the will of such body and at least a fourth of the members must have the requirement of independence.
The make-up of the corporate bodies must reflect an adequate degree of diversification in terms, among other things, of competences, experiences, age, gender, international projection.
For the appointment or the co-optation of the directors, the Board of Directors identifies in advance its qualityquantitative make-up that is considered best, identifying and motivating the theoretical profile (including the characteristics of professionalism and of independence, if necessary) of the candidates.
The shareholders must be informed in due time of the results of the analyses made by the Board of Directors, so that the selection of the candidates to be submitted may take into account the required professionalisms. The above without prejudice to the possibility for the shareholders to carry out their own assessment on the best make-up of the body and to submit candidates consistent therewith, motivating any differences with the analyses performed by the Board.
The members remain in office for a period not exceeding three years, established at the moment of nomination, and their term expires on the date of the Annual Shareholders' Meeting convened to approve the annual report for the last year of their office.
The nomination of the members of the Board of Directors is based on lists, submitted by the shareholders, in which the candidates are listed progressively and the number of candidates cannot exceed the maximum number of members provided for by the Articles of Incorporation.
The right to submit a list is reserved to shareholders that, at the moment in which the list is submitted, own, either individually or together with others, at least 1% (one percent) of ordinary shares, or other lesser equity investment threshold that – as per laws in force – will be stated in the convening notice for the Shareholders' Meeting called to nominate the members of the Board of Directors.
No shareholder can submit or vote for, not even through another person or trust companies, more than one list. This is also the case for shareholders belonging to the same group and/or shareholders who are part of a shareholders' agreement involving the company's shares. Each candidate can only be present on one list or he/she will be considered ineligible.
The lists are filed at the Company's headquarters by the twenty-fifth day prior to the date of the Shareholders' Meeting on first call and are made available to the public at the registered office, on the Company's website and by other means allowed by the regulations in force, at least twenty-one days prior to the Shareholders' Meeting on first call.
Ownership of the minimum shareholding for submission of the lists is determined with regard to the shares registered in the name of the individual shareholder, or of multiple shareholders jointly, on the date on which the lists are filed with the Company. For the purpose of proving ownership of the number of shares needed to submit the lists, the shareholders may also submit the relevant certification after filing, provided the submission is made within the time limit established for the publication of the lists by the Company.
Lists of candidates must include:
A declaration by the shareholders different from those who hold, even jointly, a controlling or majority quota, declaring that no relationship exists with the latter as provided for by Art.147-ter of Lgs. Decree 58/1998 and Art.144-quinquies of the "Regulation implementing Italian Legislative Decree 58/1998, concerning the discipline of issuers";
An exhaustive list of the personal and professional characteristics of the candidates, together with a declaration that such candidates satisfy all the legal requirements and accept their candidacy.
No subjects not satisfying the requisites of honourability, professionalism and independence as stated by Article 26 of the Lgs. decree 385/1993 may be included in a list of candidates. In addition, each list must contain:
At least a quarter of components (if this ratio is not an integer number, it shall be rounded to the lower integer number if the first decimal is inferior or equal to 5; otherwise the rounding is made to the upper integer number) who are in possession of the requisites of independence required both by the Corporate Governance Code prepared by the Italian Stock Exchange [Borsa Italiana S.p.A.] and by Art. 148, paragraph 3 of the Lgs. Degree 58/1998. These candidates must be placed in the top four positions on the list;
A number of candidates belonging to the less represented gender equal to at least one third, save for lists with less than three candidates.
Any list which does not respect the above will be considered as not presented.
Elections of the members of the Board of Directors are carried out as follows:
1) All the Directors but one are chosen from the list that received the greatest number of votes in the Shareholders' Meeting according to the order in which they appear on the list.
2) The remaining Director is chosen from the list that received the greatest number of votes in the Shareholders' Meeting and, under Article 147-ter, paragraph 3 of the Lgs. Decree 58/1998, has no connection, even indirect, with the shareholders who have submitted or voted for the list with the highest number of votes overall.
In case such selection criteria fail to guarantee a proper balance between genders in the ratio established each time by the law, a sliding mechanism is applied to the selection from the list which obtained, during the Shareholders' Meeting, the highest number of votes, based on the consecutive order with which the candidates are indicated. Such mechanism excludes the candidate or candidates of the more represented gender and reselects the candidate or candidates of the missing gender.
If only one list of candidates is submitted, all but one member of the Board of Directors will be elected from this list. The shareholders within the Shareholders' Meeting who have voting rights as per this paragraph will themselves propose the candidate for the remaining position on the Board who will be nominated, by a voting majority excluding the vote of the shareholders who presented the above list.
In any case, at least a quarter of the members of the Board of Directors must satisfy the independence requirements both as per the Corporate Governance Code for listed companies laid down by the Italian Stock Exchange and as per Article 148, paragraph 3 of the Lgs. Decree 58/1998.
Should, during the accounting year, less than a quarter of Directors have these requisites, the Board of Directors will resolve to dismiss one or more of its members who have lost these requisites, according to the criteria of less time in office, or, equally, of younger in age and will then resolve to co-opt one or two independent members.
The laws in force, without the involvement of list voting, govern any eventual replacement of members of the Board of Directors, except in cases involving the termination of all Directors.
In addition, if a Director from the list which received the highest number of votes in the Shareholders' Meeting and has no connection, even indirect, with the shareholders who presented or voted for the list with the highest number of votes overall, as per Article 147-ter, paragraph 3 of the Lgs. Decree 58/1998, should cease to be a Director, the Board of Directors will examine first if the candidates from the same list are still available, working top down, and will proceed to co-opt another Director from this list based on the topdown criteria.
In case of termination of a director belonging to the less represented gender, the co-opted director will in any event belong to the same gender.
Art.12) The Board of Directors selects, among its members, a Chairman and, if so desired, a Deputy Chairman. In case of absence or impediment of the Chairman, the Deputy Chairman shall take the chair of meetings. If both should be missing or impeded, the C.E.O. shall take the chair. In cases where all three are not present, the most elderly Director shall take the chair.
The Chairman promotes the efficient operation of the corporate governance, guaranteeing the balance of the powers with the C.E.O. and the other executive directors; he/she acts as the interface with the audit body and the internal committees. To this end he/she, besides having the characteristics required by the directors, must also have the necessary specific competences to fulfil the tasks assigned. To perform effectively his/her task, the Chairman must have a non-executive role and not perform, not even in fact, management functions.
The Chairman guarantees the effectiveness of the Board debate and does his/her best so that the resolutions taken by the Board are the result of an adequate debate and of the conscious and reasoned contribution of all its members. To these purposes, the Chairman acts so that:
-The directors are sent, appropriately in advance, the documentation in support of the resolutions of the Board or, at least, a first report on the matters that shall be discussed; -The documentation in support of the resolutions, in particular the one given to the non-executive members, is adequate in terms of quantity and quality, with reference to the matters on the agenda.
The Board of Directors appoints the Secretary and his/her replacement. The Secretary takes care of taking and filing the Board minutes for every Meeting, which must be signed by the person who chairs the Meeting and by the secretary him/herself.
Art.13) The Chairman is responsible for convening the Board of Directors by means of letter, fax, email or any other suitable form, sent to every Director's domicile at least three days before the expected meeting date. In urgent cases, the convocation can also be transmitted even only one day before the date set for the meeting.
In the preparation of the agenda and in the running of the Board debate, the Chairman shall ensure that the matters of a strategic relevance are handled first, thus guaranteeing that all the necessary time is dedicated to their discussion.
Board of Directors' Meetings can also be validly held via telecommunication means, provided that all the participants can be identified by the Chairman and by all other members and that they are permitted to: take part in the meeting, intervene - in real time - in the discussions taking place, receive, transmit and view documents related to the matters at hand and that all the above actions are written in the Board minutes. In such cases, the meeting of the Board of Directors is considered to be held in the location in which the Chairman and the Secretary are, so as to allow the minutes to be taken. The Board of Directors' resolutions are valid if the majority of the Directors is present and if such resolutions are taken with the absolute majority of those present.
The Board of Directors meets at time intervals that are as a rule not superior to three months, and every time the Chairman deems it necessary to do so, or the C.E.O. or at least three Directors request the Chairman to convene one. The Board of Directors can also be summoned by at least two Statutory Auditors giving prior notice to the Chairman of the Board of Directors.
Art.14) The Board of Directors is responsible for all the powers of ordinary and extraordinary administration, excluding those that, by law, lie within the competence of the Shareholders' Meeting.
Besides duties that cannot be delegated by law, the Board of Directors is exclusively responsible for resolutions regarding:
The business model, the strategic guidelines and operations and the business and financial plans;
The guidelines of the internal check system and the verification that the same is consistent with the set strategic guidelines and the risk appetite and that the same is able to capture the evolution of the corporate risks and their interactions;
The criteria to identify the more significant operations to submit to the prior examination of the risk control function;
The amendments of the Articles of Incorporation according to legal provisions;
Mergers by incorporation with other companies, in the cases provided for by Articles 2505 and 2505-bis of the Italian Civil Code;
The reduction of capital in case of withdrawal;
The indication of which Directors, in addition to those stated in these Articles of Incorporation, can represent the company;
The setting up of committees within the Board of Directors;
The Risk Appetite Framework and the risk management policies
as well as, having heard the opinion of the Board of Statutory Auditors, the evaluation of the completeness, adequacy, functionality, and reliability of the internal control and risk management systems and of the adequacy of the organisational, administrative and accounting structures;
The determination of the general organisation of the bank's structure and of the consequent internal regulations;
The setting up and regulations, also for the structure of the signatory powers, of branches, subsidiaries, agencies, counters, representative offices and addresses, both in Italy and abroad, as well as their closing;
The transfer of the registered office within the national territory;
The buying and selling of equity investments, companies and/or companies divisions bringing about changes in the group, or investments and/or disinvestments that exceed 1% (one percent) of the bank's net equity as shown in the last approved financial statements of the Company;
The determination of criteria for carrying out Bank of Italy's instructions;
The nomination, dismissal and remuneration of General Management members;
The remuneration and incentive policies to submit to the shareholders' meeting, the review, at least on a yearly basis, of such policies and the responsibility for their correct implementation, with the purpose of also ensuring that the remuneration policy is adequately documented and accessible within the corporate structure;
The setting up of the corporate audit functions, the related tasks and responsibilities, the coordination and collaboration methods, the information flows between such functions and between them and the corporate bodies;
The appointment, after having heard the opinion of the Board of Statutory Auditors, of subjects responsible for the internal auditing functions;
The risk management process and the assessment of its compatibility with the strategic directions and with the risk management policies;
The policies and the processes for the assessment of the corporate activities, and, in particular, of the financial instruments, verifying their continuous adequacy and setting also the top limits of the bank's exposure to financial instruments or products of an uncertain or difficult evaluation;
The process for the development and the validation of the internal systems for the risk assessment not employed for regulatory purposes and the periodical assessment of their correct working;
The process for the approval of new products and services, the start of new activities, the entry into new markets;
The corporate policy in the matter of outsourcing of corporate functions;
The Code of Ethics which the members of the corporate bodies and the employees shall have to comply with in order to mitigate the operational and reputational risks of the bank and to favour the spread of a culture of the internal controls.
The directors report promptly, but at least on a quarterly basis, to the Board of Statutory Auditors during Board of Directors' Meetings, or even directly, in writing, about the activities performed, the most significant operations carried out by the company or its controlled companies and situations that could result in conflict of interest.
Art.15) The Board of Directors appoints a C.E.O. among its members, who is assigned the task of managing the corporate operations with the goal of realizing the directions and to achieve the strategic corporate goals as approved by the Board of Directors, and fixes his/her management powers. It can also delegate particular duties to individual Directors, all the above pursuant to and within the limits of Article 2381 of the Italian Civil Code. In addition, the Board may also appoint proxies "ad negotia" for certain deeds or categories of deeds and special proxies. The implementation of the strategic directions and the corporate management is the responsibility of the C.E.O., who performs this task also with the help of the General Management. The C.E.O. reports to the Board of Directors on his/her activities on a quarterly basis. The C.E.O.:
Defines and takes care of the implementation of the risk management process;
Defines and takes care of the implementation of the approval process (people in charge, procedures, conditions) of investments in new products, the distribution of new products or services or the start of new activities or the entry in new markets;
Defines and takes care of the implementation of the corporate policy in the matter of outsourcing of corporate func-
Defines and takes care of the implementation of the processes and of the methodologies for the assessment of the corporate assets, and, in particular, of the financial instruments; he/she also takes care of their continuous update;
Defines the internal IT flows with the goal of ensuring the corporate bodies and the auditing corporate functions with the full knowledge and governability of the risk factors and the verification of the compliance with the Risk Appetite Framework;
Within the Risk Appetite Framework, if the tolerance threshold has been defined, he/she authorizes the exceeding of the risk appetite within the limit represented by the tolerance threshold and informs promptly thereof the Board of Directors, identifying the management measures necessary to bring back the undertaken risk within the set goal;
Implements the initiatives and the interventions necessary to guarantee continuously the completeness, the adequacy, the functionality and the reliability of the internal audit system and informs the Board of Directors of the results of the verifications performed;
Prepares and implements the necessary correction or adjustment interventions in case deficiencies or anomalies are detected, or following the introduction of new significant products, activities, services or processes;
Implements the ICAAP process;
With specific reference to the credit and counterparty risks, in line with the strategic directions, approves specific guidelines intended to ensure the efficiency of the management system of the risk mitigation techniques and to guarantee the compliance with the general and specific requirements of such techniques.
In urgent cases, the C.E.O. may deliberate any business or transaction not falling strictly under the Board of Directors' exclusive competence, informing thereof the Chairman immediately and the Board of Directors at the first Board meeting that follows.
Art.16) The Board of Directors may also delegate, setting in advance the limits thereof, powers of credit-granting and dayto-day management to personnel of the Company on the basis of their functions and/or level of seniority, singularly and/or as member of a Committee chaired by a person appointed by the Board itself.
The decisions thus taken must be made known to the Board itself, according to the formalities and frequency fixed by the Board of Directors.
Art.17) The Board of Directors appoints a General Manager and may also appoint one or more Deputy General Managers, deciding their assignments and the duration of their office. The General Manager takes care of the implementation of the C.E.O.'s management directives and assists him/her in the execution of the strategic directions and of the corporate management.
The General Manager is head of the personnel of the Company and carries out his assignment within the powers granted him/her by the Board of Directors.
The General Manager participates in Board of Directors' Meetings in an advisory role.
In case of absence or impediment, the Board of Directors will replace the General Manager with one of the Deputy General Managers, if appointed.
In the face of third parties, the signature of the Deputy General Manager, who replaces the General Manager, is proof of the absence or impediment of the latter.
Art.21) The Board of Statutory Auditors is composed of three Standing Auditors and two Alternate Auditors.
The appointment of the Board of Statutory Auditors is based on lists submitted by the shareholders, in which the candidates are listed progressively and the number of candidates cannot exceed the number of Statutory Auditors to be elected. Each list is composed of two sections: one for Standing Auditor candidates, the other one for Alternate Auditor candidates.
The right to submit a list is reserved to shareholders that, at the moment in which the list is presented, own at least 1% (one percent) of ordinary shares, or other lesser equity investment threshold that – as per laws in force – will be stated in the convening notice for the Shareholders' Meeting called to appoint the Statutory Directors.
No shareholder can submit or vote for, not even through another person or trust companies, more than one list. This is also the case for shareholders belonging to the same group and shareholders who are part of a shareholders' agreement involving the company's shares. Each candidate can only be present on one list or he/she will be considered ineligible.
The lists are filed at the Company's headquarters by the twenty-fifth day prior to the date of the Shareholders' Meeting on first call and made available to the public at the registered office, on the Company's website and by the other means established by the regulations in force, at least twenty-one days prior to the Shareholders' Meeting on first call.
Ownership of the minimum shareholding for submitting the lists is determined with regard to the shares registered in the name of the individual shareholder, or of multiple shareholders jointly, on the date in which the lists are filed with the Company. For the purpose of proving ownership of the number of shares needed to submit the lists, the shareholders may also submit the relevant certification after filing, provided the submission is within the time limit established for publication of the lists by the Company.
Lists of candidates must include:
Information on the identity of the shareholders who submitted the lists, indicating the overall percentage of the shareholding held;
A declaration by the shareholders different from those who hold, even jointly, a controlling or majority quota, declaring that no relationship exists with the latter as provided for by Art.144-quinquies of the "Regulation implementing Italian Legislative Decree 58/1998, concerning the discipline of issuers", and neither does any other significant relationship exist;
An exhaustive list of the personal and professional characteristics of the candidates, together with a declaration of the candidates attesting the possession of all the legal requirements and their acceptance of their candidacy.
Statutory Auditors cannot be included on the list of candidates if they cover statutory auditing roles in another five listed companies or, if they do not satisfy the requisite of honourability, professionalism and independence, as stated by the laws in force, or fall into the category of Article 148, paragraph 3, of the Lgs. Decree 58/1998.
Each list has to contain at least one candidate for the office of Standing Auditor and at least one candidate for the office of Alternate Auditor belonging to the less represented gender. Such prescription does not apply to lists that present less than three candidates.
At the end of the Statutory Auditors' term, they are eligible for re-election.
Elections of Statutory Auditors are carried out as follows:
1) Two Standing Auditors and one Alternate Auditor are chosen from the list that received the greatest number of votes, according to the order in which they appear on the list;
2) The candidate at the top of the list that received the greatest number of votes submitted and voted by shareholders who are not connected to the reference shareholders pursuant to Art.148, paragraph 2, of the Lgs. Decree 58/1998, is elected as Standing Auditor. The remaining Alternate Auditor is the candidate at the top of that category in the same list.
In cases where there is a tie between two or more lists, the eldest candidates will be elected to the position of Statutory Auditors.
In case such selection criteria fail to guarantee the presence on the Board of at least one Standing Auditor and one Alternate Auditor belonging to the less represented gender, a sliding mechanism is applied to the selection from the list which obtained, during the Shareholders' Meeting, the highest number of votes based on the consecutive order with which the candidates are indicated. Such mechanism excludes the candidate or candidates of the more represented gender and reselects the candidate or candidates of the missing gender.
The Chairman of the Board of Statutory Auditors is the Standing Auditor elected from the minority list.
In the event that only lists with less than three candidates are presented and there is no candidate of the less represented gender, the presence of an Alternate Auditor of the less represented gender is not mandatory, whilst the standing members of the Board will be appointed as follows:
1) The chairman by means of drawing from the list that obtains the highest number of votes among the minority lists;
2) One Standing Auditor by means of drawing from the majority list;
3) One Standing Auditor by majority vote during the Shareholders' Meeting that, not bound to a list, will be required to appoint a member belonging to the less represented gender.
The term of Statutory Auditor expires or is terminated as per the law and/or if the statutory requirements for their appointment are no longer valid.
In case of replacement of a Standing Auditor, the Alternate Auditor belonging to the same list as the replaced auditor takes over, as long as the presence of at least one Standing Auditor belonging to the less represented gender is guaranteed. Otherwise, the other Alternate Auditor will take over.
If, notwithstanding the provisions of this Article, only one list is proposed or voted for, and on condition that this list received the majority of the votes in the Shareholders' Meeting, three Standing Auditors and two Alternate Auditors will be elected. These parties are chosen respecting the order in which they are shown for each respective role on that list. The Standing Auditor in first place on the list will be appointed Chairman of the Board of Statutory Auditors.
If it becomes necessary to appoint standing and/or alternate Statutory Auditors necessary for the integration of the Statutory Auditors Board, following early termination of the Auditors in office, the Shareholders' Meeting will proceed as follows: if it is necessary to replace Auditors elected from the majority list, the appointment of the Auditor(s) is carried out by majority vote, with no list restrictions. If, instead, it is necessary to replace an Auditor from the minority list, the Shareholders' Meeting will replace him/her by a relative majority vote, choosing among the candidates on the list which featured the Auditor to be replaced and who have confirmed their candidacy at least twenty-five days before the one set for the convening of the Shareholders' Meeting on first call and who have declared they are not ineligible or incompatible and have the requisites necessary for the office.
In the event that this last mechanism does not guarantee the presence of at least one Standing Auditor belonging to the less represented gender, the appointment will take place by majority vote, with no list restrictions.
Art.22) The Board of Statutory Auditors supervises:
a) Compliance with the law, the Articles of Incorporation and regulations;
b) Compliance with the standards of correct management;
c) The adequacy of the organisational, administrative and accounting structure adopted by the Company and its sound working;
d) The completeness, adequacy, functionality and reliability of the internal control and risk management systems;
e) Execution of management and coordination activities by the Bank;
f) Other facts and deeds provided for by the law;
fulfilling all the functions delegated in compliance of the relative regulations provided for by the law.
The Board of Statutory Auditors verifies, in particular, the adequate coordination of all functions and structures involved in the internal control system, including the external auditing company entrusted with auditing accounts, promoting, if necessary, the appropriate adjustment measures.
To this purpose, the Board of Statutory Auditors and the external auditing company exchange the significant information and data necessary for the performance of their duties.
The Statutory Auditors, in carrying out any check or assessment, may avail themselves of internal control structures and functions as well as conducting inspections and investigations at any time, even individually.
The Board of Statutory Auditors may ask the Directors, the General Manager, the managers and any other employees any information on corporate operations, trends or specific operations, even if referring to controlled companies. It may exchange information with the corresponding body in the controlled companies about the administration and control systems and the general trend of the company's operations.
It being understood that the Board of Statutory Auditors has the obligation to report to the Supervisory bodies any facts or deeds that might constitute management irregularities or violation of rules of the laws currently in force, it must also notify the Board of Directors of any deficiencies or irregularities identified, requesting the adoption of suitable corrective measures and checking over time the effectiveness of such measures.
B) TO APPROVE the updated Articles of Incorporation:
with the following result manifested by the raising of hands: - Votes in favour: 40,148,416 (forty million, one hundred and forty-eight thousand, four hundred and sixteen);
Votes against: 330 (three hundred and thirty);
Abstained: 57,943 (fifty-seven thousand, nine hundred and forty three).
Non-voters: 0 (zero);
The names of shareholders who voted in favour or against, and those who abstained and the relevant number of shares are listed in the document enclosed with these minutes under letter 'H'.
Hence, the Chairman releases the updated text of the Articles of Incorporation that I attach to the present document under the letter 'I'.
Thus, the Chairman declares the end of discussions on all items of the agenda and makes reference to the complaint pursuant to Article 2408 of the Italian Civil Code presented by the shareholder Fabris Carlo and here below transcribed:
'Pursuant to Article 2408 of the Italian Civil Code, I would like to file a complaint with the Board of Auditors that I consider to be censurable.
The company published its convening notice for the Annual Shareholders' Meeting for 8 April 2015. This notice informs shareholders of their right to ask questions and reads:
"Pursuant to Art. 127-ter of the Italian Consolidated Law on Finance, the Shareholders may ask questions on items in the agenda even prior to the Shareholders' Meeting. Questions must be received by the Corporate Affairs Function of Banca IFIS, at the registered office, by 1st April 2015 included, third day preceding the date set for the Shareholders' Meeting, and………." This provision is not compliant with Article 127-ter of the Italian Consolidated Law on Finance (quoted, amongst other things), indeed paragraph 1-bis of said Articles states: "The notice calling the meeting specifies the terms within which questions raised prior to the shareholders' meeting must reach the company. The terms must be no less than three days prior to the date of the first or only calling of the shareholders' meeting or five days if the notice of calling establishes that the company should provide a reply to the questions received before the actual meeting. In this case, replies are provided at least two days prior to the shareholders' meeting also by publication in a specific section of the company website."
Three days prior to the Shareholders' Meeting are: 7, 6, 5 April 2015 and not 1 April 2015 (which is seven days). In addition, within the three days prior to the Shareholders' Meeting falls 5 April which is not only a Sunday but also Easter. One must ask when the offices would have been open for a shareholder to deposit his/her questions personally should he/she have so desired.
In all cases, the convening notice contains incorrect information concerning shareholder's rights.
In the light of the above complaint, I hereby ask the Board of Directors what it intends to do to rectify this irregularity.
I also ask the Board of Statutory Auditors to see to this matter to the extent of its responsibility.
Looking forward to receiving your reply.
Kind regards, Shareholder – Carlo Fabris.'
The Chairman hands over to the Chairman of the Board of Statu-
tory Auditors, Mr. GIACOMO BUGNA, who reports that this Board has looked into the complaint and replied to the shareholder Mr. Carlo Fabris on 18 March 2015, stating that the complaint does not contain censurable behavior as per Article 2408 of the Italian Civil Code.
The Chairman then thanks the shareholders for having taken part in the Shareholders' Meeting and declares the Meeting officially closed at 11:05 (five minutes past eleven).
The Chairman releases me from reading the annexes.
I have read this deed - written partly electronically by parties entrusted by me and partly by my own hand and completely supervised over by me - to the Chairman who has approved and signed it, as per legal obligations, in front of me, the notary, at 19:00 (nineteen hundred hours)today.
This document in its original Italian version takes up seventy-five pages of nineteen sheets.
Signed:
The Chairman The Secretary Sebastien Egon Furstenberg Notary Angelo Ausilio L.S.
| SHAREHOLDER | ISSUED | |
|---|---|---|
| ADMISSION TICKETS | ||
| 1 | LA SCOGLIERA S.P.A. | 26.966.847 |
| Via Terraglio 65 - Venice MESTRE | ||
| C.F. 01141780104 | ||
| 2 | ALCHIMIA SPA | 1.065.447 |
| Via Friuli 13, 31038 PAESE (TV) | ||
| 3 | CF 00812020261 BOSONI GEMMA born in Pogliano Milanesa 04/02/1949 |
3.000 |
| VIA GAUDENZIO FANTOLI 28/15 20138 MILAN | ||
| CF BSNGMM49B44G772K | ||
| 4 | BOSSI GIOVANNI born in Trieste 24/05/1960 |
1.838.646 |
| Via Hermada 22 - TRIESTE | ||
| 5 | C.F. BSSGNN60E24L424F BOVE KATRIN born on 14/09/1976 in BARI |
2 |
| resident in VIA DEI CASTAGNI 13, 01015 SUTRI (VT) | ||
| CF: BVOKRN76P54A662Z | ||
| 6 | CARADONNA GIANFRANCO MARIA born on 05/06/1961 in MILAN |
1 |
| resident in VIA OLMETTO 5, 20123 MILAN (MI) CF: CRDGFR61H05F205E |
||
| 7 | CARADONNA MARCELLA born on 22/05/1959 in STORNARA |
1 |
| resident in VIA OLMETTO 5, 20123 MILAN (MI) | ||
| CF: CRDMCL59E62I962J | ||
| 8 | CONTE PASQUALE IGNAZIO FRANCO born on 01/07/1943 in PALAGIANELLO |
250 |
| resident in VIA FRANCESCO MARIA MALVOLTI 1 30174 Venice | ||
| 9 | CORSO NICOLETTA | 1.550 |
| resident in Via Foscolo 38 Mogliano Veneto (TV) | ||
| CF: CRSNLT63P68L736G | ||
| 10 | FABRIS CARLO born on 23/06/1946 in GRADO |
14 |
| resident in via Maria Gaetana Agnesi 6 20030 BOVISIO MASCIAGO (MB) CF FBRCRL46H23E125Z |
||
| 11 | FAVALLI ARRIGO born on 15/02/1949 in CARPENDOLO (BS) |
1.000 |
| resident in via XX Settembre 169, 25013 CARPENDOLO (BS) | ||
| 12 | FAZZINI CELSO born in Premana (LC) il 15/05/1957 |
8.000 |
| VIA ROMA 54 23834 PREMANA (LC) CF FZZCLS37E15H028V |
||
| 13 | FIORENTINI GIANLUCA born in Rome il 07/09/1981 |
20 |
| resident in via Vespasiano, 12 00192 ROME | ||
| 14 | FISCO AMICO | 10 |
| Resident in Via Taranto 42, 74014 LATERZA (TA) | ||
| 15 | Requester: CONTE RUGGERO LAUDI GIULIANO born on 11/04/1940 in MILAN |
5 |
| resident in VIA CENISIO 76/7, 20154 MILAN (MI) | ||
| CF: LDAGLN40D11F205T | ||
| 16 | LOIZZI GERMANA born on 06/02/1972 in ROME |
2 |
| resident in VIA MONTE SANTO 10/A, 00195 ROME (RM) CF: LZZGMN72B46H501R |
||
| 17 | MADERNA FRANCESCA born in Naples 17/10/1963 |
1.070.422 |
| Località Cianderies 41 | ||
| 32043 CORTINA D'AMPEZZO (BL) | ||
| 18 | MAFFEI FACCIOLI CARLO FRANCESCO born on 22/10/1960 in VERONA |
73.200 |
| resident in VIA IPPOLITO NIEVO 21, 20145 MILAN requester: Allianz Bank SpA |
||
| 19 | MIOTTI FRANCO born on 16/04/1957 in Vicenza (VI) |
3.241 |
| resident in Via Cimone 9, 36100 VICENZA (VI) | ||
| CF MTTFNC57D16L840A | ||
| 20 | NEGRI NILO born on 17/03/1923 in CONCAMARISE |
1.000 |
| resident in VIA LUIGI BONZANINI 9, 37136 VERONA (VR) (086) | ||
| 21 | NEGRI PAOLO born on 03/04/1966 in Concamarise |
500 |
| resident in VIA LUIGI BONZANINI 9, 37136 VERONA (VR) | ||
| 22 | PANDOLFO FABRIZIO born on 14/05/1965 in ASOLO |
3.408 |
| resident in via Malombra, 31011 ASOLO | ||
| 23 | PREVE COSTRUZIONI SPA | 1.160.000 |
| Via Provinciale Boves 12 - Roccavione CUNEO | ||
| C.F. 00185120045 | ||
| 24 | PREVE RICCARDO born in Magliano Alpi il 21/01/1951 |
89.001 |
| Viale degli angeli 23 - 12100 CUNEO C.F. PRVRCR51A21E808Y |
||
| 25 | REALE DAVIDE GIORGIO born on 27/05/1966 in MILAN |
2 |
| resident in VIA MARIA GAETANA AGNESI 6, 20135 MILAN (MI) | ||
| CF: RLEDDG66E27F205M | ||
| 26 | RODINO` DEMETRIO born on 12/12/1966 in ROME |
2 |
| resident in VIA MONTE SANTO 10, 00195 ROME (RM) CF: RDNDTR66T12H501W |
||
| 27 | RODINO` WALTER born on 10/08/1972 in ROME |
1 |
| resident in VIA MONTE SANTO 10, 00195 ROME (RM) | ||
| CF: RDNWTR72M10H501N | ||
| 28 | SIMONE GIAN LUIGI born on 08/10/1957 in TURIN |
5 |
| resident in CORSO STATI UNITI 39, 10129 TURIN (TO) CF: SMNGLG57R08L219P |
||
|---|---|---|
| 29 | STACCIONE ALBERTO born in Genoa il 18/08/57 Viale Aspromonte, 19 - 16129 GENOA |
140.000 |
| 30 | C.F. STCLRT57M18D969B 1199 SEIU HEALT CARE EMPLOYEES PENSION FUND 330 WEST 42nd STREET, 10036-6977 NEW YORK (EE) |
21.948 |
| 31 | Agent: NORTHERN TRUST COMPANY ACADIAN INTERNATIONAL SMALL CAPFUND 200 S.PRESIDENT STREET 9TH FLOOR, BALTIMORE (EE) |
13.728 |
| 32 | ADVANCED SERIES TRUST AST PRUDENTIAL GROWTH ALLOCATION PORTFOLIO GATEWAY CENTRE THREE 100 MULBERRY, 9TH FLOOR NEWARK (EE) |
34.568 |
| 33 | ALASKA PERMANENT FUND CORPORATION 801 WEST 10TH STREET SUITE 302, JUNEAU, AK 99811 - 5500 (EE) |
2.981 |
| 34 | ALGEBRIS FINANCIAL INCOME FUND ARTHUR COX BUILDING EARLSFORT TER, DUBLIN 2 (EE) Agent : HSBC BANK PLC |
82.686 |
| 35 | ALGEBRIS GLOBAL FINANCIAL MASTER FUND PO BOX 309, UGLAND HOUSE, GRAND CAYMAN KYI 11044 Requester: MORGAN ST&CO |
29.700 |
| 36 | ALGEBRIS LONG ONLY GLOBAL FINANCIALS MASTER FUND CUSTOM HOUSE PLAZA BLCK 6 IFSC DUBLIN 1 (EE) Requester: JP MORGAN CLEARING CORP |
3.908 |
| 37 | ALKEN FUND 15 AVENUE JF KENNEDY, LUXEMBOURG (EE) Agent: PICTET & CIE 8EUROPE |
945.061 |
| 38 | ALTRIA CORPORATE SERVICES MASTER RETIREM 3 METROTECH CENTER, 6TH FLOOR,, BROOKLYN (EE) (069) Agent: JP MORGAN CHASE BANK |
3.363 |
| 39 | ANZ WHOLESALE INTERN SHARE NO 4 FUND GROUND F. ANZ CENTRE, 23-29 ALBERT, AUCKLAND (EE) Agent: JP MORGAN CHASE BANK |
45.200 |
| 40 | ARBOR INTERNATIONAL FUND LLC 60 S SIXTH STREET SUITE 3550, MINNEAPOLIS (EE) (069) |
12.725 |
| 41 | ARROWSTREET CAPITAL GLOBAL EQUITY LONG/SHORT FEEDER FUND LIMITED UGLAND HOUSE GEORGE TOWN, GRAND CAYMAN KY1-1104 (EE) Requester: UBS AG-LONDON BRANCH SA AG LDN CLIENT IPB CLIENT AC |
4.545 |
| 42 43 |
ARROWSTREET US GROUP TRUST resident in 200 CLAENDON STREET 30TH FLOOR, BOSTON (EE) (069) AXA WORLD FUNDS |
15.661 55.000 |
| 44 | 49 AVENUE JF KENNEDY, LUXEMBOURG (EE) Agent: STATE STREET BANK AND TRUST COMPANY BGI MSCI EAFE SMALL CAP EQUITY INDEX FUND B |
6.331 |
| 45 | 45 FREMONT STREET US, SAN FRANCISCO CA 94105 Agent: STATE STREET BANK AND TRUST COMPANY BLACKROCK INST TRUST CO NA INV FUNDS FOR EMPLOYEE BENEFIT TR |
52.974 |
| 46 | resident in 400 HOWARD STREET, SAN FRANCISCO, CA (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY BLACKROCK MSCI WORLD SMALL CAP EQ ESG SCREENED INDEX FUND B |
627 |
| 47 | 400 HOWARD ST, SAN FRANCISCO CA 94105 (EE) Agent:STATE STREET BANK AND TRUST COMPANY BLUE ROCK LIQUID ALPHA FUND LP NUMERIC INVESTORS LLC |
540 |
| 48 | resident in 470 ATLANTIC AEVENUE 6TH FLOOR, BOSTON (EE) (069) requester: GOLDMAN SACHS SEGREGATION A/C BLUE SKY GROUP |
57.200 |
| 49 | resident in PRF.EM MEIJERSLAAN 1, AMSTELVEEN (EE) (050) Agent: NORTHERN TRUST -LO BNY MELLON EMPLOYEE BENEFIT COLLECTIVE INVESTMENT FUND PLAN |
55 |
| 50 | resident in ONE WALL STREET, NEW YORK (EE) (069) BOSTON PATRIOT CONGRESS ST LLC C/O PANAGORA ASSET MANAGEMENT |
708 |
| 51 | 470 ATLANTIC AVE, 8TH FLOOR, BOSTON, MA 02210 (EE) Requester: MORGAN STANLEY AND CO. LLC BRICKLAYERS + TROWEL TRADES INTERNATIONAL PENSION FUND |
14.800 |
| 52 | 702 KING FARM BLVD STE 400, ROCKVILLE, MARYLAND 20850-5774 (EE) Requester: CITIBANK NA NEW YORK SA BRICKLAYERS AND TROWEL C&J CLARK PENSION FUND |
3.978 |
| 53 | resident in 40 HIGH STREET STREET, SOMERSET (EE) (031) Agent: JP MORGAN CHASE BANK CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM |
15.200 |
| 54 | resident in 400 P STREET, SACRAMENTO CA 95812 (EE) (069) Agent:STATE STREET BANK AND TRUST COMPANY CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM |
330 |
| 55 | resident in 7667 FOLSOM BLVD SUITE 250, SACRAMENTO CA 95826 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY CASEY FAMILY PROGRAMS |
6.191 |
| 56 | 1300 DEXTER AVENUE NORTH, 98109 SEATTLE, WASHINGTON CATERPILLAR PENSION PLAN |
31.400 |
| 57 | CATERPILLAR UK LIMITED, PE1 5NA EASTFIELD (EE) Agent: NORTHERN TRUST COMPANY CC&L ALL STRATEGIES FUND 2200-1111 WEST GEORGIA STREET, V6E 4M3 (EE) |
400 |
| 58 | Agent: THE BANK OF NOVA SCOTIA CC&L Q MARKET NEUTRAL FUND |
1.500 |
| 2200-1111 WEST GEORGIA STREET, V6E 4M3 (EE) Agent: THE BANK OF NOVA SCO |
||
|---|---|---|
| 59 | CELANESE AMERICAS RETIREMENT SAVINGS PLAN 86 MORRIS AVENUE, SUMMIT, NJ 07901 (EE) |
7.687 |
| 60 | Agent: STATE STREET BANK AND TRUST COMPANY CF DV ACWI EX-U.S. IMI FUND |
265 |
| resident in ONE WALL STREET, NEW YORK NY 10005 (EE) | ||
| 61 | CGCM INTERNATIONAL EQUITY INVESTMENTS PHILADELPHIA INTERNAT 2000 WESTCHESTER AVENUE, PURCHASE NY (EE) |
1.579 |
| 62 | CHURCH OF ENGLAND INVESTMENT FUND FOR PENSIONS resident in 29 GREAT SMITH STREET, LONDON (EE) (031) Agent: NORTHERN TRUST COMPANY |
2.197 |
| 63 | CITCO BK ND NV DUBB BR ACT SOLEY IN ITS CAP AS TRTEE OF MGD ACCS MST SERV IN RES OF THE SF MGD ACCS MST FND SERV MAP1 BLCK 3, CUSTOM HOUSE PLAZA IFSC, DUBLIN Requester: MORGAN ST&CO |
14.800 |
| 64 | CITY OF LOS ANGELES FIRE AND POLICE PLAN resident in 360 EAST SECOND STREET, LOS ANGELES (EE) (069) Agent: NORTHERN TRUST -LO |
13.941 |
| 65 | CITY OF MEMPHIS RETIREMENT SYSTEM resident in 125 NORTH MID AMERICA HALL ROOM, MEMPHIS (EE) (069) |
13.470 |
| 66 | CITY OF NEW YORK GROUP TRUST resident in 1 CENTRE STREET NEW YORK, NY 10007-2341 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
38.317 |
| 67 | COLLEGE RETIREMENT EQUITIES FUND resident in 730 THIRD AVENUE, NEW YORK (EE) (069) |
68.917 |
| 68 | Agent: STATE STREET BANK AND TRUST COMPANY COMMONWEALTH BANK GROUP SUPERANNUATION LVL12 DRLING PK TWR 1,201 SUSSEX ST, SYDNEY NSW 2000 (EE) |
12.882 |
| 69 | requester: CBHK S/A CBOSC OSF WGSS02 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM resident in 5 NORTH FIFTH STREET, HARRISBURG (EE) (069) |
3.084 |
| 70 | CONNECTICUT GENERAL LIFE INSURANCE COMPANY resident in 1601 CHESTNUT ST, PHILADELPHIA PA 19192 (EE) (069) |
122 |
| 71 | Agent: STATE STREET BANK AND TRUST COMPANY CONSOLIDATED EDISON RETIREMENT PLAN 4 IRVING PL, RM 9095, NEW YORK NY 10003 (EE) |
35.568 |
| 72 | Agent: STATE STREET BANK AND TRUST COMPANY COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY resident in 33 N DEARBORN ST ROOM 1100, CHICAGO (EE) (069) |
11.500 |
| 73 | CPR EURO HIGH DIVIDEND 5 PL 5 MARTYRS DU L BUFFON, 75015 PARIS (EE) |
297.676 |
| 74 | DELTA LLOYD ASSET MANAGEMENT NV SPAKLERWEG 4 AMSTERDAM 1096 BA |
34.440 |
| 75 | Requester: MORGAN ST&CO DEPARTMENT OF STATE LANDS resident in 350 WINTER STREET, SALEM OR 97301 (EE) (069) |
8.610 |
| 76 | Agent: STATE STREET BANK AND TRUST COMPANY DEUTSCHE X-TRACKERS MSCI EMU HEDGED EQUITY ETF KENDRY WATSON TDAM 161 BAY STREET -, FLOO TD TORONTO (EE) |
175 |
| 77 | DUKE ENERGY RETIREMENT SAVINGS PLAN 550 SOUTH TRYON STREET DEC 38A, CHARLOTTE NC, 28202 (EE) Agent: JP MORGAN CHASE BANK |
26.133 |
| 78 | EMPLOYEES` RETIREMENT SYSTEM OFTHE CITY OF BALTI 12TH &13TH FLOORS 7 E.REDWOOD STREE, 12TH &13TH FLOORS 7 E.REDWOOD (EE) |
19.900 |
| 79 | ENSIGN PEAK ADVISORS INC. 50 EAST NORTH TEMPLE, SALT LAKE CITY UT 84150 USA (EE) |
228.900 |
| 80 | FCP ASTORG CROISSANCE MID CAP resident in 58 BIS RUE DE LA BOETIE, PARIS (EE) (029) Agent: BNP PARIBAS 2S-PARIS |
10.118 |
| 81 | FCP GROUPAMA AVENIR EURO resident in 58 BIS RUE DE LA BOETIE, PARIS (EE) (029) |
522.217 |
| 82 | FCP RSI EURO P 90 BOULEVARD PASTER, 75015 PARIS (EE) |
27.035 |
| 83 | FIDELITY ADV SER VIII FIDELITY ADV GLB CAPITAL APPRECIATION F resident in 82 DEVONSHIRE STREET, BOSTON MA 02109 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
5.935 |
| 84 | FLEXSHARES MORNINGSTAR DEVELOPED MARKETS EX-US FACTOR TILT INDEX FUND 50 S LA SALLE STREET, CHICAGO (EE) Agent: JP MORGAN CHASE BANK |
3.735 |
| 85 | FLORIDA RETIREMENT SYSTEM resident in 1801 HERMITAGE BLVD SUITE 100, TALLAHASSEE (EE) (069) |
17.857 |
| 86 | FONDS RESERVE RETRAITES 56 RUE DE LILLE, PARIS (EE) Agent: BNP PARIBAS 2S-PARIS |
182.512 |
| 87 | FOUNDLOGIC ALTERNATIVES PLC-MS ALGEBRIS GLOBAL FINANCIALS UCITS FUND 70 SIR JOHN ROGERSONS QUAY, 2 DUBLIN requester: MORGAN ST & CO. INTL PLC SA IPB |
14.550 |
| 88 | GOLDMAN SACHS FUNDS resident in 49 AVENUE JF KENNEDY, LUXEMBOURG (EE) (092) |
11.670 |
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
|---|---|---|
| 89 | GOLDMAN SACHS INTERN SMALL CAP INSIGHT F | 132.048 |
| resident in 200 WEST STREET, NEW YORK (EE) (069) | ||
| Agent: JP MORGAN CHASE BANK | ||
| 90 | GOVERNMENT OF NORWAY | 102.152 |
| 2 BANKPLASSEN HEAD OFFICE, OSLO (EE | ||
| requester: CBNY SA GOVERNMENT OF NORWAY | ||
| 91 | GOVERNMENT SUPERANNUATION FUND resident in GOVERNMENT SUPERANNUATION FUND LEVE, WELLINGTON (EE) (049) |
11.996 |
| Agent. JP MORGAN CHASE BANK | ||
| 92 | GW+K INTERNATIONAL SMALL CAP FUND, L.P. | 4.050 |
| 222 BERKELEY STREET T, BOSTON MA. 02116 (EE) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 93 | HOSKING GLOBAL FUND PLC | 103.163 |
| 33 SIR JOHN ROGERSON QUAY DUBLIN 2, DUBLIN 2 (EE) | ||
| Agent: NORTHERN TRUST COMPANY | ||
| 94 | HSBC AM TECHNOLOGIE (C) | 84.238 |
| resident in 4 PL DE LA PYRAMIDE IMMEUBLE ILE, PUTEAUX (EE) (029) | ||
| 95 | IBM 401K PLUS PLAN | 15.840 |
| resident in 1, NEW ORCHARD ROAD, ARMONK, NY 10504-1722 (EE) (069) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 96 | ILLINOIS MUNICIPAL RETIREMENT FUND | 18.000 |
| resident in 2211 SOUTH YORK ROAD, OAK BROOK (EE) (069) | ||
| Agent: NORTHERN TRUST -LO | ||
| 97 | ILLINOIS STUDENT ASSISTANCE COMMISSION | 25.400 |
| resident in JAMES THOMPSON CENTER,100 W. RANDOL, CHICAGO (EE) (069) Agent: NORTHERN TRUST -LO |
||
| 98 | INDIANA PUBLIC EMPLOYEES RETIREMENT FUND | 760 |
| resident in ONE NORTH CAPITOL STE 001, INDIANAPOLIS (EE) (069) | ||
| 99 | INTEL CORP RETIREMENT PLANS MASTER FUND | 29.900 |
| 2200 MISSION COLLEGE BLVD, SANTA CLARA, CA 95954 (EE) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 100 INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST | 3.535 | |
| resident in 400 ATLANTIC STREET, STAMFORD CT 06921 (EE) (069) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 101 INVESCO FUNDS SERIES 4 | 724.445 | |
| resident in GEORGE`S QUAY HO TOWNSEND STR, DUBLIN (EE) (040) | ||
| 102 INVESCO GLOBAL SMALL CAP EQUITY POOL | 16.794 | |
| resident in 5140 YONGE STREET SUITE 800, TORONTO (EE) (013) | ||
| Agent: RBC INVESTOR SERVICE | ||
| 103 INVESCO PERPETUAL GLOBAL SMALLER CO. FD | 204.568 | |
| resident in 30 FINSBURY SQUARE, LONDON (EE) (031) | ||
| 104 IPAC SPEC INV STR INT SHARE STR NO 9 | 1.284 | |
| resident in LEVEL 24, 33 ALFRED STREET, SYDNEY (EE) (007) | ||
| Agent: BNP SS SIDNEY BRANCH | ||
| 105 ISHARES DEVELOPED SMALL-CAP EX NORTH AMERICA ETF | 688 | |
| 400 HOWARD STREET, SAN FRANCISCO CA 94105 (EE) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 106 ISHARES ENHANCED INTERNATIONAL SMALL-CAP ETF | 520 | |
| 400 HOWARD STREET, S FRANCISCO, CA 94105 (EE) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 107 ISHARES VII PLC | 20.024 | |
| resident in JP MORGAN HOUSE, INTERNATIONAL FINA, DUBLIN 1 (EE) (040) Agent: STATE STREET BANK AND TRUST COMPANY |
||
| 108 J.P. MORGAN ASSET MANAGEMENT LIMITED | 84.731 | |
| 20, FINSBURY STREET, LONDON (EE) | ||
| Agent: DB AG LONDON PRIME BROKERAGE | ||
| 109 JOHCM INTERNATIONAL SMALL CAP EQUITY FUND | 76.945 | |
| resident in 4041 HIGH STREET, SUITE 402, COLUMBUS - OHIO (EE) (069) | ||
| Agent: NORTHERN TRUST COMPANY | ||
| 110 KEMPEN INTERNATIONAL FUNDS | 276.387 | |
| ROUTE DE TREVES, SENNINGERBERG (EE) | ||
| Agent: JP MORGAN BANK LUXEM | ||
| 111 KRAFT FOODS MASTER RETIREMENT TRUST | 3.783 | |
| resident in THREE LAKES DRIVE, NORTHFIELD, NEW YORK (EE) (069) | ||
| Agent: JP MORGAN CHASE BANK | ||
| 112 LOCKHEED MARTIN CORPORATION MASTER RETIREMENT TRUST | 13.060 | |
| 6901 ROCKLEDGE DRIVE, 20817 BETHESDA (EE) | ||
| Agent: NORTHERN TRUST COMPANY | ||
| 113 LOS ANGELES CITY EMPLOYEES RETIREMENT SYSTEM | 11.273 | |
| 202 W 1ST STREET, 90012 LOS ANGELES (EE) | ||
| Agent: NORTHERN TRUST COMPANY | ||
| 114 LSV1EHE, LSV2EHE ONE SANSOME STREET SUITE 3300, SAN FRANCISCO, CA 94104 (EE) |
3.600 | |
| Requester: CITIGROUP GLOBAL MARKETS SA PRIME FINANCE CLIENT SAFEKEEPING | ||
| 115 M+G INVESTMENT FUNDS (7)- M+G PAN EUROPEAN DIVIDEND FUND | 137.000 | |
| LAURENCE POUNTNEY HILL, LONDON, EC4R 0HH (EE) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 116 MAINSTAY 130/30 INTERNATIONAL FUND | 51.429 | |
| resident in 51 MADISON AVENUE, NEW YORK, NY 10010 (EE) (069) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 117 MARYLAND STATE RETIREMENT & PENSION SYSTEM | 48.126 | |
| resident in 120 EAST BALTIMORE STREET, BALTIMORE MD 21202 (EE) (069) | ||
| Agent: STATE STREET BANK AND TRUST COMPANY | ||
| 118 MASTER TR AGREE BETWEEN PFIZER INC AND THE NORTHERN TR CO | 12.382 | |
| 235 EAST 42ND STREET, 10017 NEW YORK (EE) | ||
| Agent: NORTHERN TRUST COMPANY |
| 119 MD INTERNATIONAL VALUE FUND | 4.069 |
|---|---|
| 1870, ALTA VISTA DRIVE, OTTAWA, ON, K1G 6R7 (EE) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 120 MDPIM INTERNATIONAL EQUITY POOL 1870, ALTA VISTA DRIVE, OTTAWA ON K1G 6R7 (EE) |
43.916 |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 121 METZLER INTERNATIONAL INVESTMENTS PLC | 304.500 |
| 1 GUILD STREET INTERNAT.F.S.C., DUBLIN (EE) | |
| 122 MGI FUNDS PLC | 32.248 |
| resident in 70 SIR JOHN ROGERSON`S QUAY, DUBLIN 2 IRELAND (EE) (040) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 123 MINISTER FOR FINANCE (ISIF MANAGED AND CONTROLLED BY NTMA) | 1.959 |
| TREASURY BUILDING GRAND CANAL ST, DUBLIN 2 (EE) | |
| 124 MISSOURI LOCAL GOVERNMENT EMPLOYEES RETIREMENT SYSTEM | 415 |
| 701 WEST MAIN STREET P.O. BOX 1665, JEFFERSON CITY MO 65102 (EE) | |
| Requester: GOLDMAN SACHS INTERNATIONAL LIMITED | |
| 125 MSCI EAFE SMALL CAP PROV INDEX SEC COMMON TR F | 4.264 |
| resident in ONE LINCOLN STREET, BOSTON MA 02111 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
|
| 126 MULTI-STYLE, MULTI-MANAGER FUNDS PLC | 29.400 |
| 78 SIR JOHN ROGERSONS QUAY, DUBLIN 2 (EE) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 127 MUNICIPAL EMPLOYEES ANNUITY AND BENEFIT FUND OF CHICAGO resident in 321 NORTH CLARK STREET, SUITE 700, CHICAGO (EE) (069) |
13.024 |
| Agent: NORTHERN TRUST COMPANY | |
| 128 MUNICIPAL EMPLOYEES` RETIREMENT SYSTEM OF MICHIGAN | 9.368 |
| resident in 1134 MUNICIPAL WAY, LANSING, MI, 48917 (EE) (069) | |
| Agent: STATE STREET BANK AND TRUST COMPANY 129 NATIONAL COUNCIL FOR SOCIAL SEC FUND |
1.159 |
| resident in SOUTH TOWER, FORTUNE TIME, XICHENG DISTRICT, BEIJING (EE) (016) | |
| Agent: NORTHERN TRUST COMPANY | |
| 130 NATIONAL PENSION SERVICE | 57.943 |
| KUKMIN-YEONKUM BLDG, 13, OLYMPIC-RO, SEOUL 138-725 (EE) Agent: STATE STREET BANK AND TRUST COMPANY |
|
| 131 NATIONAL RAILROAD RETIREMENT INVESTMENT TRUST | 18.880 |
| 2001 K STREET NW, SUITE 1100, 20006 WASHINGTON (EE) | |
| Agent: NORTHERN TRUST COMPANY | |
| 132 NATIONAL WESTMINSTER BANK PLC AS TRUSTEE OF KES STRAT INV F THE BROADSTONE, 50 SOUTH GYLE CRESC, EDINBURGH (EE) (031) |
3.409 |
| Agent: NORTHERN TRUST COMPANY | |
| 133 NATIONWIDE DIVERSE MANAGERS FUND | 657 |
| 1000 CONTINENTAL DRIVE SUITE 400, KING OF PRUSSIA (EE) | |
| Agent: JP MORGAN CHASE BANK 134 NEW YORK STATE TEACHERS RETIREMENT SYSTEM |
9.997 |
| resident in 10 CORPORATE WOODS DRIVE, ALBANY NY 12211-2395 (EE) (069) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 135 NORTH DAKOTA STATE INVESTMENT BOARD | 79.754 |
| 1930 BURNT BOAT DRIVE, 58507-9885 BISMARK (EE) Agent: NORTHERN TRUST COMPANY |
|
| 136 NORTHERN TRUST GLOBAL INVESTMENTS COLLECTIVE FUNDS TRUST | 16.124 |
| 50 SOUTH LASALLE, 60675 CHICAGO (EE) | |
| Agent: NORTHERN TRUST COMPANY | |
| 137 NTGI-QM COMMON DAILY ALL COUNTRY WORLD E resident in 50 S. LASALLE, CHICAGO (EE) (069) |
657 |
| Agent: NORTHERN TRUST -LO | |
| 138 NUMERIC ABSOLUTE RETURN FUND LP NUMERIC INVESTORS LIMITED | 12.120 |
| 470 ATLANTIC AVENUE, 8TH FLOOR, BOSTON MASSACHUSSETS 02210 (EE) Requester: GOLDMAN SACHS SEGREGATION A/C |
|
| 139 NUMERIC ABSOLUTED RETURN FUND LP OGIER FIDUCIARY SERVICES LTD | 620 |
| NEMOURS CHAMBERS, ROAD TOWN | |
| Requester: MORGAN STANLEY AND CO. LLC | |
| 140 NUMERIC MULTI STRATEGY MARKET NEUTRAL LEVERED OFFSHORE FUND LIMITED ROAD TOWN, TORTOLA (EE) |
921 |
| Requester: MORGAN STANLEY AND CO. LLC | |
| 141 NUMERIC MULTI STRATEGY MARKET NEUTRAL LEVERED OFFSHORE FUND LIMITED ESMMULOF C/O NUMERIC INVESTORS LLC | 92 |
| 470 ATLANTIC AVENUE, 6TH FLR, BOSTON MA 02210 (EE) | |
| Requester: MORGAN STANLEY AND CO. LLC 142 NUMERIC MULTI STRATEGY MARKET NEUTRAL LEVERED OFFSHORE FUND LTD NUMERIC INVESTORS LIMITED LIABILITY COMPANY |
3.280 |
| 470 ATLANTIC AVENUE, 8TH FLOOR, BOSTON MASSACHUSSETTS 02210 (EE) | |
| Requester: GOLDMAN SACHS SEGREGATION A/C | |
| 143 NUMERIC SOCIALLY AWARE MULTY STRATEGY FUND LTD | 604 |
| NEMOURS CHAMBERS, PO BOX 3170, TORTOLA Requester: MORGAN ST&CO |
|
| 144 NUMERIC SOCIALLY AWARE MULTI-STRATEGY FUND LTD ESMSAMMN CO NUMERIC INVESTORS LLC | 32 |
| 470 ATLANTIC AVENUE, 6TH FLOOR, BOSTON MA 02210 (EE) | |
| Requester: MORGAN STANLEY AND CO. LLC | |
| 145 NUMERIC WORLD MARKET NEUTRAL ONSHORE FOUND II LP NUMERIC INVESTORS LLC 470 ATLANTIC AVENUE 6TH FLOOR, BOSTON MA 02210 |
1.440 |
| Requester: GOLDMANSACHS SEGREGATION A/C | |
| 146 OIL INVESTMENT CORPORATION LTD | 375 |
| 470 ATLANTIC AVENUE, 6TH FLOOR, BOSTON, MA 02210 (EE) | |
| Requester: MORGAN STANLEY AND CO. LLC 147 OIL INVESTMENT CORPORATION LTD. - ESM C/O NUMERIC INVESTORS LLC |
86 |
| 470 ATLANTIC AVE, 6TH FL, BOSTON, MA 02210 (EE) | |
| Requester: MORGAN STANLEY AND CO. LLC | |
| 148 ONEPATH GLOBAL SHARES - SMALL CAP UNHEDGED) INDEXPOOL | 156 |
| resident in LEVEL 13 347 KENT STREET, SYDNEY (EE) (007) Agent: JP MORGAN CHASE BANK |
|
| 149 OPTIMIX WHOLESALE GLOBAL SMALLER CO | 10.060 |
| resident in 347 KENT STREET, SYDNEY (EE) (007) Agent: JP MORGAN CHASE BANK |
|
|---|---|
| 150 OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM resident in 350 WINTER STREET N.E., SALEM OR 97301-3896 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
80.550 |
| 151 PANAGORA DYNAMIC GLOBAL EXTENDED ALPHA FUND LTD 470 ATLANTIC AVENUE 8TH FLOOR, BOSTON MA 02210 Requester: GOLDMANSACHS SEGREGATION A/C |
4.275 |
| 152 PENSION RESERVES INVESTMENT TRUST FUND resident in 84 STATE STREET C/O PRIM BOARD, BOSTON (EE) (069) |
12.151 |
| 153 PENSIONDANMARK PENSIONSFORSIKRINGSAKTIESELSKAB POSTBOKS 2510 LANGELINIE ALLE 41, POSTBOKS 2510 LANGELINIE ALLE (EE) |
18.990 |
| 154 PIM INVESTMENTS, INC CAMPUS DRIVE, 4TH FLOOR, PARSIPPANY (EE) Agent: JP MORGAN CHASE BANK |
9.517 |
| 155 POLAR CAPITAL FUNDS PLC resident in GEORGES COURT, DUBLIN 2 DUBLIN (EE) Agent: NORTHERN TRUST COMPANY |
20.666 |
| 156 POLAR CAPITAL GLOBAL FINANCIALS TRUST PL 4 MATTHEW PARKER STREET, LONDON (EE) Agent: HSBC BANK PLC |
200.000 |
| 157 POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT resident in 2 WOODWARD AVENUE ROOM 908, DETROIT (EE) (069) |
12.800 |
| 158 POLICEMEN`S ANNUITY AND BENEFIT FUND OF CHICAGO resident in 221 NORTH LASALLE STREET - ROOM 16, CHICAGO (EE) (069) Agent: NORTHERN TRUST -LO |
7.894 |
| 159 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI resident in 429 MISSISSIPI STREET, JACKSON MS 39201-1005 (EE) |
7.963 |
| 160 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OH resident in 277 EAST TOWN STREET, COLUMBUS (EE) (069) Agent: JP MORGAN CHASE BANK |
12.659 |
| 161 PUBLIC SCHOOL TEACHERS` PENSIONAND RETIREMENT FUND OF CHICAGO resident in 203 NORTH LASALLE STREET SUITE 2600, CHICAGO (EE) (069) |
11.900 |
| 162 RAYMOND JAMES FINANCIAL INC resident in PARKWAY CARILLON 880, SAINT PETERSBURG FL (EE) |
487 |
| 163 REGIME DE RENTES DU MOUVEMENT DESJARDINS resident in 100 RUE DES COMMANDEURS, 5E, ETAGE LEVIS QC G6V7N5 (EE) (013) Agent: STATE STREET BANK AND TRUST COMPANY |
4.653 |
| 164 REXAM PENSION PLAN THIRD FLOOR, 4 MILLBANK, LONDON (EE) Agent: JP MORGAN CHASE BANK |
8.129 |
| 165 ROGERSCASEY TARGET SOLUTIONS LLC. resident in ONE PARKLANDS DRIVE, DARIEN (EE) (069) |
1.195 |
| 166 RUSSELL INVESTMENT COMPANY - RUSSELL INTERN DEVELOPED MKT F resident in 1301 SECOND AVENUE 18TH FLOOR, SEATTLE WA. 98101 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
6.410 |
| 167 RUSSELL SMALLER COMPANIES POOL 100 KING STREET W,SUITE 5900, M5X 1E4 TORONTO (EE) |
4.747 |
| 168 SCIENS GROUP ALTERNATIVE STRATEGIES PCC LIMITED ACTING IN RESPECT OF ITS SILVER GAMMA CELL SUITE 5, POLLET HOUSE, LOWER POLLET, ST PETER PORT, GY1 1WF (EE) Requester: JP MORGAN CLEARING CORP |
1.647 |
| 169 SEI GLOBAL MASTER FUND PLC resident in STYNE HOUSE UPPERHATCHSTR., DUBLIN (EE) (040) |
48.157 |
| 170 SEI LUPUS ALPHA PAN EUROPEAN SMALL CAP POOL resident in STYNE HOUSE 2ND FLOOR U.H., DUBLIN (EE) (040) |
55.247 |
| 171 SEMPRA ENERGY PENSION MASTER TRUST resident in 101 ASH STREET, 00000 SAN DIEGO CA 92101 (EE) |
531 |
| 172 SHELL CONTRIBUTORY PENSION FUND resident in SHELL CENTRE, LONDON (EE) (031) Agent: JP MORGAN CHASE BANK |
76.315 |
| 173 SHELL TRUST (BERMUDA) LIMITED AS TRUSTEE resident in CEDAR HOUSE 41 CEDAR AVENUE, HAMILTON (EE) (207) Agent: JP MORGAN CHASE BANK |
1.700 |
| 174 SHELL TRUST (BERMUDA) LTD AS TRUSTEE OF THE SHELL OVERSEAS C.P. FUND resident in CEDAR HOUSE 41 CEDAR AVENUE, HAMILTON (EE) (207) Agent: JP MORGAN CHASE BANK |
18.749 |
| 175 SLI GLOBAL SICAV GLOBAL FOCUSEDSTRATEGIES FUND resident in 1 GEORGE STREET, EDINBURGH (EE) |
4.139 |
| 176 SPDR S&P WORLD (EX-US) ETF resident in ONE LINCOLN STREET, BOSTON MA 02111-2900 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
7.792 |
| 177 SS BK AND TRUST COMPANY INV FUNDS FOR TAXEXEMPT RETIREMENT PL resident in 225 FRANKLIN STREET, BOSTON MA 02110 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
25.512 |
| 178 SSGA SPDR ETFS EUROPE II PUBLIC LIMITED COMPANY 78 SIR JOHN ROGERSONS QUAY, DUBLIN 2 (EE) Agent: STATE STREET BANK AND TRUST COMPANY |
2.268 |
| 179 STANLIB FUNDS LIMITED STANDARD BANK HOUSE resident in PO BOX 583 47-49 LA MOTTE STREET, ST. HELIER JE4 8XR (EE) |
16.840 |
| 180 STATE OF ALASKA RETIREMENT AND BENEFITS PLANS resident in 333 WILLOUGHBY AVE 11TH FL, JUNEAU AK 99811 0405 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
194 |
|---|---|
| 181 STATE UNIVERSITIES RETIREMENT SYSTEM 1901 FOX DRIVE, 61820 CHAMPAIGN (EE) Agent: NORTHERN TRUST COMPANY |
64.600 |
| 182 STICHTING PENSIOENFONDS HORECA & CATERING resident in HOUTSINGEL 25, 2719 EA ZOETERMEER (EE) |
1.153 |
| 183 STICHTING SHELL PENSIOENFONDS BOGAARDPLEIN 41, RIJSWIJK (EE) Agent: JP MORGAN CHASE BANK |
105.533 |
| 184 TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS resident in 2815 WEST WASHINGTON STREET, SPRINGFILED, IL 62794 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
24.418 |
| 185 TEXTRON INC. MASTER TRUST resident in 48 WESTMINSTER STREET, PROVIDENCE (EE) (069) |
41.200 |
| 186 THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MT resident in 1 CHASE MANHATTAN PLAZA 19TH FLOOR, NEW YORK (EE) (069) Agent: JP MORGAN CHASE BANK |
7.264 |
| 187 THE RETIREMENT BENEFIT TRUST OF THE R.R. DONNELLEY & SONS CO. 111 S. WACKER DR., 60606 CHICAGO (EE) Agent: NORTHERN TRUST COMPANY |
39.300 |
| 188 THE ROCKEFELLER FOUNDATION resident in 420 FIFTH AVENUE, 10018 NEW YORK (EE) |
4.750 |
| 189 THE STATE OF CONNECTICUT ACTINGTHROUGH ITS TREASURER resident in 55 ELM STREET, HARTFORD (EE) (069) |
3.499 |
| 190 THRIVENT PARTNER WORLDWIDE ALLOCATION FUND resident in 625 FOURTH AVENUE SOUTH, MINNEAPOLIS MN 55415 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
20.322 |
| 191 THRIVENT PARTNER WORLDWIDE ALLOCATION PORTFOLIO resident in 625 FOURTH AVENUE, MINNEAPOLIS (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
40.870 |
| 192 TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED resident in 325 N SALISBURY ST, RALEIGH (EE) (069) |
16.500 |
| 193 TRINITY HEALTH CORPORATION 20555 VICTOR PKWY, 48152 LIVONIA (EE) Agent: NORTHERN TRUST COMPANY |
3.500 |
| 194 TRINITY HEALTH PENSION PLAN resident in 27870 CABOT DRIVE, NOVI (EE) (069) Agent: NORTHERN TRUST COMPANY |
3.400 |
| 195 TWO SIGMA ABSOLUTE RETURN PORTFOLIO LLC CORPORATION SERVICE COMPANY 2711 CENTERVILLE ROAD, DELAWARE 19808 Requester: MORGAN ST&CO |
4.035 |
| 196 TWO SIGMA EQUITY PORTFOLIO, LLC 379 WEST BROADWAY, NEW YORK 10012 Requester: MORGAN ST&CO |
5.416 |
| 197 TWO SIGMA SPECTRUM PORTFOLIO, LLC 379 WEST BROADWAY, 5TH FLOOR, NEW YORK 10012 Requester: MORGAN ST&CO |
5.616 |
| 198 UAW RETIREE MEDICAL BENEFITS TRUST resident in PO BOX 14309, DETROIT, MI 48214 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
324 |
| 199 UBS ETF resident in 49 AVENUE J.F.KENNEDY, L-1855 LUXEMBOURG (EE) (092) Agent: STATE STREET BANK AND TRUST COMPANY |
1.111 |
| 200 UNISUPER resident in 385 BOURKE STREET, MELBOURNE (EE) |
26.469 |
| 201 UNIVERSAL INVEST BAYVK A1 FONDS ERLENSTRASSE 2, FRANKFURT AM MAIN (EE) Agent: BP2S-FRANKFURT |
79.700 |
| 202 UPS GROUP TRUST 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 (EE) (069) |
4.199 |
| 203 UTAH STATE RETIREMENT SYSTEMS 540 EAST 200 SOUTH, SALT LAKE CITY (EE) Agent: NORTHERN TRUST COMPANY |
1.012 |
| 204 VAILSBURG FUND LLC resident in 100 MULBERRY ST, TWO GATEWAY CENTER, NEWARK, NJ 07102 (EE) (069) Agent: STATE STREET BANK AND TRUST COMPANY |
15.500 |
| 205 VANGUARD INTERNATIONAL SMALL COMPANIES I 2 SOUTHBANK BOULEVARD, SOUTHBANK (EE) Agent: JP MORGAN CHASE BANK |
2.516 |
| 206 VANGUARD INVESTMENT SERIES, PLC resident in 70 SIR JOHN ROGERSON`S QUAY, DUBLIN (EE) (040) Agent: JP MORGAN BANK IRELAND |
2.800 |
| 207 VFM GLOBAL SMALL COMPANIES TRUST LEVEL 13 101 COLLINS STREET, MELBOURNE 3000 (EE) |
19.971 |
| 208 VIRGINIA RETIREMENT SYSTEM resident in 1200 EAST MAIN STREET, RICHMOND (EE) (069) |
152.599 |
| 209 VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND 7337 E.DOUBLETREE RANCH ROAD, SCOTTSD. ARIZONA 85258-2034 (EE) |
3.654 |
| 210 WASHINGTON STATE INVESTMENT BOARD | 1.432 |
|---|---|
| resident in 2100 EVERGREEN PARK DRIVE, OLYMPIAWA 98504-0916 (EE) (069) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 211 WEST VIRGINIA INVESTMENT MANAGEMENT BOARD | 18.281 |
| resident in 500 VIRGINIA STREET E STE 200 CH, CHARLESTON (EE) (069) | |
| 212 WISDOMTREE EUROPE HEDGED SMALLCAP EQUITY FUND 245 PARK AVENUE, 35TH FLOOR, NEW YORK, NY 10167 (EE) |
16.630 |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 213 WISDOMTREE EUROPE SMALLCAP DIVIDEND FUND | 291.807 |
| 245 PARK AVENUE, 35TH FLOOR, NEW YORK, NY 10167 (EE) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 214 WISDOMTREE INTERNATIONAL SMALLCAP DIVIDEND FUND | 81.029 |
| resident in 245 PARK AVENUE, 35TH FLOOR, NEW YORK, NY 10167 (EE) (069) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 215 WISDOMTREE ISSUER PUBLIC LIMITED COMPANY | 6.667 |
| FITZWILTON HOUSE, WILTON PLACE, DUBLIN 2 (EE) | |
| Agent: STATE STREET BANK AND TRUST COMPANY | |
| 216 ZEBRA GLOBAL LIQUIDITY ARBITRAGE FUND LP | 6.231 |
| resident in 612 WHEELERS FARMS RD, CONNECTICUT 06461 (EE) (069) | |
| Requester: MORGAN STANLEY AND CO. LLC | |
| 216 TOTAL ADMISSION TICKETS ISSUED FOR THE SHAREHOLDERS' MEETING | 40.211.712 |
| 74,7275% |
Share Capital Euro 53.811.095,00
| PAR TIC IPA NT |
N OT ES |
SH AR EH OL DE R |
QU AN Y O TIT N OW N AC CO UN T |
QU AN TIT Y BY PR OX Y |
TO TA L QU AN TIT Y |
% O F SH AR E CA PIT AL |
|---|---|---|---|---|---|---|
| NIC OLA ZA NU SSI |
Pro xy |
L A S CO GL IER A S .P.A |
26.9 66.8 47 |
26.9 66.8 47 |
50, 113 9% |
|
| NIC OLA ZA NU SSI |
Pro xy |
AL CH IMI A S PA |
1.06 5.44 7 |
1.06 5.44 7 |
1,98 00% |
|
| CA SEL LI G IOR GIO |
Pro xy |
OSO GE A B NI MM |
3.00 0 |
3.00 0 |
0,00 56% |
|
| BO SSI GI OV AN NI |
Ow n |
B OSS I GI OV AN NI |
1.83 8.64 6 |
1.83 8.64 6 |
3,4 169 % |
|
| CA RA DO NN A G IAN FRA NC O M AR IA |
Ow n |
CA RA DO NN A G IAN FRA NC O M AR IA |
1 | 1 | 0,00 00% |
|
| CO RSO NI CO LET TA |
Ow n |
CO RSO NI CO LET TA |
1.55 0 |
1.55 0 |
0,00 29% |
|
| CA SEL LI G IOR GIO |
Pro xy |
F AZ ZIN I CE LSO |
8.00 0 |
8.00 0 |
0,0 149 % |
|
| FIO REN TIN I GI AN LU CA |
Ow n |
FI OR EN TIN I GI AN LU CA |
20 | 20 | 0,00 00% |
|
| MA DE RN A F RA NC ESC A |
Ow n |
M AD ERN A F RA NC ESC A |
1.07 0.42 2 |
1.07 0.42 2 |
1,98 92% |
|
| MA I FA CC IOL I CA RLO AN CES CO FFE FR |
Ow n |
AFF AC CIO LI C AR LO AN CES CO M EI F FR |
73.2 00 |
3.20 0 7 |
0,13 60% |
|
| PRE VE RIC CA RD O |
Leg al r ativ sent epre e |
PR EV E C OST RU ZIO NI SPA |
1.16 0.00 0 |
1.16 0.00 0 |
2,15 57% |
|
| PRE VE RIC CA RD O |
Ow n |
PR EV E R ICC AR DO |
89.0 01 |
89.0 01 |
0,16 54% |
|
| RO DIN O D<br>EM<br>ETR<br>IO | Ow<br>n | R<br>OD<br>INO<br> DEM ETR IO |
2 | 2 | 0,00 00% |
|||
| STA CC ION E A LBE RTO |
Ow n |
STA CC ION E A LBE RTO |
140 .000 |
140 .000 |
0,26 02% |
|
| GA UIO RO TA RB BER |
Pro xy |
119 9 SE EA CA PLO ES SIO OU IU H LT RE EM YE PEN N F ND |
21.9 48 |
21.9 48 |
0,04 08% |
|
| GA RB UIO RO BER TA |
Pro xy |
AC AD IAN IN TER NA TIO NA L S MA LL CA PFU ND |
13.7 28 |
13.7 28 |
0,02 55% |
|
| GA RB UIO RO BER TA |
Pro xy |
ADV ANC ED SER IES TR UST AS T PR UDE NTI AL GRO WT H A LLO CAT ION PO RTF OLI O |
34.5 68 |
34.5 68 |
0,06 42% |
|
| GA RB UIO RO BER TA |
Pro xy |
ALA SKA PE RM AN EN T F UN D C OR POR AT ION |
2.98 1 |
2.98 1 |
0,00 55% |
|
| GA RB UIO RO BER TA |
Pro xy |
AL GE BR IS F INA NC IAL IN CO ME FO UN D |
82.6 86 |
82.6 86 |
0,15 37% |
|
| GA UIO RO TA RB BER |
Pro xy |
AL GE IS G LO BA INA NC IAL MA STE OU BR L F R F ND |
29.7 00 |
29.7 00 |
0,05 52% |
|
| GA RB UIO RO BER TA |
Pro xy |
AL GE BR IS L ON G O NL Y G LO BA L F INA NC IAL S M AST ER FOU ND |
3.90 8 |
3.90 8 |
0,00 73% |
|
| GA RB UIO RO BER TA |
Pro xy |
AL KE N F UN D |
945 .06 1 |
9 45.0 61 |
1,75 63% |
|
| GA RB UIO RO BER TA |
Pro xy |
ALT RIA CO RPO RA TE SER VIC ES MA STE R R ETI REM |
3.36 3 |
3.36 3 |
0,00 62% |
|
| GA RB UIO RO BER TA |
Pro xy |
AN Z W HO LES ALE IN TER N S HA RE NO 4 F OU ND |
45.2 00 |
45.2 00 |
0,08 40% |
|
| GA RB UIO RO BER TA |
Pro xy |
AR BO R IN TER NA TIO NA L F UN D |
25 12.7 |
25 12.7 |
0,02 36% |
|
| GA RB UIO RO BER TA |
Pro xy |
AR RO WS TRE ET CA PIT AL GL OB AL EQ UIT Y L ON G/S HO RT FEE DE R F UN D L IMI TED |
4.54 5 |
4.54 5 |
0,00 84% |
|
| GA UIO RO TA RB BER |
Pro xy |
AR RO WS US GR OU ST TRE ET P T RU |
15.6 61 |
15.6 61 |
0,02 91% |
|
| GA RB UIO RO BER TA |
Pro xy |
AX A W OR LD FU ND S |
55.0 00 |
55.0 00 |
0,10 22% |
|
| GA RB UIO RO BER TA |
Pro xy |
B GI M SCI EA FE SM ALL CA P E QU ITY IN DE X F UN D B |
6.33 1 |
6. 331 |
0,0 118 % |
|
| GA RB UIO RO BER TA |
Pro xy |
BL AC KR OC K IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
52.9 74 |
52.9 74 |
0,09 84% |
|
| GA RB UIO RO BER TA |
Pro xy |
BL AC KR OC K M SCI WO RLD SM ALL CA P E Q E SG SCR EEN ED IN DE X F UN D B |
627 | 6 27 |
0,00 12% |
|
| GA UIO RO TA RB BER |
Pro xy |
RO CK LIQ AL PHA RIC STO RS LLC BL UE UID FU ND LP NU ME IN VE |
540 | 540 | 0,00 10% |
|
| GA RB UIO RO BER TA |
Pro xy |
BL UE SK Y G RO UP |
57.2 00 |
57.2 00 |
0,10 63% |
|
| GA RB UIO RO BER TA |
Pro xy |
BN Y M ELL ON EM PLO YE E B EN EFI T C OLL ECT IVE IN VE STM EN T F UN D P LAN |
55 | 55 | 0,00 01% |
|
| GA RB UIO RO BER TA |
Pro xy |
B OST ON PA TRI OT CO NG RE SS ST LLC C/O PA NA GO RA AS SET MA NA GE ME NT |
708 | 7 08 |
0,00 13% |
|
| GA RB UIO RO BER TA |
Pro xy |
BR ICK LA YE RS + T RO WE L T RA DE S IN TER NA TIO NA L P EN SIO N F UN D |
14.8 00 |
14.8 00 |
0,02 75% |
|
| GA UIO RO TA RB BER |
Pro xy |
C& J C LA NSI ON RK PE FU ND |
3.97 8 |
3.97 8 |
0,00 74% |
|
| GA RB UIO RO BER TA |
Pro xy |
CA LIF OR NIA PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
15.2 00 |
15.2 00 |
0,02 82% |
|
| GA RB UIO RO BER TA |
Pro xy |
CA LIF OR NIA ST AT E T EA CH ER S R ETI REM EN T S YST EM |
330 | 330 | 0,00 06% |
|
| GA RB UIO RO BER TA |
Pro xy |
CA SEY FA MIL Y P RO GR AM S |
6.19 1 |
6. 191 |
0,0 115 % |
|
| GA RB UIO RO BER TA |
Pro xy |
CA TER PIL LA R P EN SIO N P LAN |
31.4 00 |
31.4 00 |
0,05 84% |
|
| GA RB UIO RO BER TA |
Pro xy |
CC &L AL L S TRA TEG IES FU ND |
400 | 400 | 0,00 07% |
|
| GA RB UIO RO BER TA |
Pro xy |
CC &L Q M AR KE T N EU TRA L F UN D |
1.50 0 |
1.50 0 |
0,00 28% |
|
| GA UIO RO TA RB BER |
Pro xy |
CEL AN ESE AM CA S R T S AV ING S P LAN ERI ETI REM EN |
7.68 7 |
87 7.6 |
0,0 143 % |
|
| GA RB UIO RO BER TA |
Pro xy |
CF DV AC WI EX -U. S. I MI FUN D |
265 | 265 | 0,00 05% |
|
| GA RB UIO RO BER TA |
Pro xy |
CG CM IN TER NA TIO NA L E QU ITY IN VE STM EN TS PHI LA DE LPH IA I NT ERN AT |
1.57 9 |
1.57 9 |
0,00 29% |
|
| GA RB UIO RO BER TA |
Pro xy |
CH UR CH OF EN GLA ND IN VE STM EN T F UN D F OR PE NSI ON S |
2.19 7 |
2.19 7 |
0,00 41% |
|
| GA RB UIO RO BER TA |
Pro xy |
CIT CO BK ND NV DUB B B R A CT SOL EY IN I TS CAP AS TR TEE OF MG D A CCS MS T SE RV IN R ES |
14.8 00 |
14.8 00 |
0,02 75% |
|
| GA UIO RO TA RB BER |
Pro xy |
CIT Y O OS AN GE LES E A PO LIC LAN F L FIR ND E P |
13.9 41 |
13.9 41 |
0,02 59% |
|
| GA RB UIO RO BER TA |
Pro xy |
CIT Y O F M EM PHI S R ETI REM EN T S YST EM |
13.4 70 |
13.4 70 |
0,02 50% |
|
| GA RB UIO RO BER TA |
Pro xy |
CIT Y O F N EW YO RK GR OU P T RU ST |
38.3 17 |
38.3 17 |
0,07 12% |
|
| GA RB UIO RO BER TA |
Pro xy |
CO LLE GE RE TIR EM EN T E QU ITIE S F UN D |
68.9 17 |
6 8.9 17 |
0,12 81% |
|
| GA RB UIO RO BER TA |
Pro xy |
CO MM ON WE ALT H B AN K G RO UP SUP ERA NN UA TIO N |
12.8 82 |
12.8 82 |
0,02 39% |
|
| GA UIO RO TA RB BER |
Pro xy |
COM MO NW EAL TH OF PEN NSY LVA NIA PU BLI C S CHO OL EM PLO YEE S R ETI REM ENT SY STE M |
3.08 4 |
3.08 4 |
0,00 57% |
|
| GA RB UIO RO BER TA |
Pro xy |
CO NN ECT ICU T G EN ERA L L IFE IN SUR AN CE CO MP AN Y |
122 | 122 | 0,00 02% |
|
| GA RB UIO RO BER TA |
Pro xy |
CO NSO LID AT ED ED ISO N R ETI REM EN T P LAN |
35.5 68 |
35.5 68 |
0,06 61% |
|
| GA RB UIO RO BER TA |
Pro xy |
CO UN TY EM PLO YE ES AN NU ITY AN D B EN EFI T F UN D O F C OO K C OU NT Y |
11.5 00 |
11.5 00 |
0,02 14% |
|
| GA RB UIO RO BER TA |
Pro xy |
CPR EU RO HI GH DI VID EN D |
297 .676 |
297 .676 |
0,55 32% |
|
| GA RB UIO RO BER TA |
Pro xy |
DE LTA LL OY D A SSE T M AN AG EM EN T N V |
34.4 40 |
34.4 40 |
0,06 40% |
|---|---|---|---|---|---|
| GA RB UIO RO BER TA |
Pro xy |
DE PAR TM EN T O F S TA TE LAN DS |
8.6 10 |
8.6 10 |
0,0 160 % |
| GA RB UIO RO BER TA |
Pro xy |
DE UT SCH E X -TR AC KE RS MS CI E MU HE DG ED EQ UIT Y E TF |
175 | 175 | 0,00 03% |
| GA RB UIO RO BER TA |
Pro xy |
DU KE EN ERG Y R ETI REM EN T S AV ING S P LAN |
26. 133 |
26. 133 |
0,04 86% |
| GA UIO RO TA RB BER |
Pro xy |
PLO ES` T S YST OF E C OF BA EM YE RE TIR EM EN EM TH ITY LTI |
19.9 00 |
19.9 00 |
0,03 70% |
| GA RB UIO RO BER TA |
Pro xy |
EN SIG N P EA K A DV ISO RS INC |
228 .900 |
228 .900 |
0,42 54% |
| GA RB UIO RO BER TA |
Pro xy |
F CP AST OR G C RO ISS AN CE MID CA P |
10.1 18 |
10.1 18 |
0,0 188 % |
| GA RB UIO RO BER TA |
Pro xy |
F CP GR OU PAM A A VE NIR EU RO |
522 .217 |
522 .217 |
0,97 05% |
| GA RB UIO RO BER TA |
Pro xy |
F CP RSI EU RO P |
27.0 35 |
27.0 35 |
0,05 02% |
| GA UIO RO RB BER TA |
Pro xy |
V S GL B C ECI ION FID ELI TY AD ER VII I FI DE LIT Y A DV API TA L A PPR AT F |
5.93 5 |
5.93 5 |
0,0 110 % |
| GA RB UIO RO BER TA |
Pro xy |
FLE XSH ARE S M ORN ING STA R D EVE LOP ED MA RKE TS E X-U S FA CTO R T ILT IND EX FUN D |
3.73 5 |
3.73 5 |
0,00 69% |
| GA UIO RO TA RB BER |
Pro xy |
OR IDA T S YST FL RE TIR EM EN EM |
17.8 57 |
17.8 57 |
0,03 32% |
| GA RB UIO RO BER TA |
Pro xy |
F ON DS RE SER VE RE TRA ITE S |
182 .512 |
182 .512 |
0,33 92% |
| GA RB UIO RO BER TA |
Pro xy |
FOU NDL OGI C A LTE RNA TIV ES P LC- MS AL GEB RIS GL OBA L FI NAN CIA LS U CIT S FO UND |
14.5 50 |
14.5 50 |
0,02 70% |
| GA RB UIO RO BER TA |
Pro xy |
GO LD MA N S AC HS FUN DS |
11.6 70 |
11.6 70 |
0,02 17% |
| GA RB UIO RO BER TA |
Pro xy |
GO LD MA N S AC HS INT ERN SM ALL CA P IN SIG HT F |
132 .048 |
132 .048 |
0,24 54% |
| GA UIO RO TA RB BER |
Pro xy |
GO OF NO AY VE RN ME NT RW |
102 .152 |
102 .152 |
0,18 98% |
| GA RB UIO RO BER TA |
Pro xy |
GO VE RN ME NT SU PER AN NU AT ION FU ND |
11.9 96 |
11.9 96 |
0,02 23% |
| GA RB UIO RO BER TA |
Pro xy |
GW +K INT ERN AT ION AL SM ALL CA P F UN D, L .P. |
4.05 0 |
4.05 0 |
0,00 75% |
| GA RB UIO RO BER TA |
Pro xy |
H OSK ING GL OB AL FUN D P LC |
103 .163 |
103 .163 |
0,19 17% |
| GA RB UIO RO BER TA |
Pro xy |
H SBC AM TE CH NO LO GIE (C) |
84.2 38 |
84.2 38 |
0,15 65% |
| GA UIO RO TA RB BER |
Pro xy |
40 1K S P LAN IBM PLU |
15.8 40 |
15.8 40 |
0,02 94% |
| GA RB UIO RO BER TA |
Pro xy |
ILL INO IS M UN ICIP AL RET IRE ME NT FU ND |
18.0 00 |
18.0 00 |
0,03 35% |
| GA RB UIO RO BER TA |
Pro xy |
ILL INO IS S TU DE NT AS SIS TA NC E C OM MIS SIO N |
25.4 00 |
25.4 00 |
0,04 72% |
| GA RB UIO RO BER TA |
Pro xy |
IND IAN A P UB LIC EM PLO YE ES RET IRE ME NT FU ND |
760 | 76 0 |
0,00 14% |
| GA RB UIO RO BER TA |
Pro xy |
INT EL CO RP RET IRE ME NT PL AN S M AST ER FUN D |
29.9 00 |
29.9 00 |
0,05 56% |
| GA UIO RO RB BER TA |
Pro xy |
ION CO CO ING STM T G RO ST INT ERN AT AL PAP ER MM LED IN VE EN UP TRU |
3.53 5 |
3.53 5 |
0,00 66% |
| GA RB UIO RO BER TA |
Pro xy |
INV ESC O F UN DS SER IES 4 |
724 .445 |
7 24.4 45 |
1,34 63% |
| GA UIO RO TA RB BER |
Pro xy |
ESC O G LO BA L S MA CA QU PO OL INV LL P E ITY |
16.7 94 |
16.7 94 |
0,03 12% |
| GA RB UIO RO BER TA |
Pro xy |
INV ESC O P ERP ETU AL GL OB AL SM ALL ER CO . FD |
204 .568 |
204 .568 |
0,38 02% |
| GA RB UIO RO BER TA |
Pro xy |
IP AC SP EC INV ST R IN T S HA RE STR NO 9 |
1.28 4 |
1.28 4 |
0,00 24% |
| GA RB UIO RO BER TA |
Pro xy |
I SHA RE S D EV ELO PED SM ALL -CA P E X N OR TH AM ERI CA ET F |
688 | 6 88 |
0,00 13% |
| GA RB UIO RO BER TA |
Pro xy |
I SHA RE S E NH AN CED IN TER NA TIO NA L S MA LL- CA P E TF |
520 | 520 | 0,00 10% |
| GA UIO RO TA RB BER |
Pro xy |
SHA S V LC I RE II P |
20.0 24 |
20.0 24 |
0,03 72% |
| GA RB UIO RO BER TA |
Pro xy |
J.P . M OR GA N A SSE T M AN AG EM EN T L IMI TED |
84.7 31 |
84.7 31 |
0,15 75% |
| GA RB UIO RO BER TA |
Pro xy |
J OH CM IN TER NA TIO NA L S MA LL CA P E QU ITY FU ND |
76.9 45 |
76. 945 |
0,14 30% |
| GA RB UIO RO BER TA |
Pro xy |
KE MP EN IN TER NA TIO NA L F UN DS |
276 .387 |
276 .387 |
0,5 136 % |
| GA RB UIO RO BER TA |
Pro xy |
KR AFT FO OD S M AST ER RET IRE ME NT TR UST |
3.78 3 |
3.78 3 |
0,00 70% |
| GA UIO RO TA RB BER |
Pro xy |
OC MA N C OR POR AT ION MA STE ST L KH EED RTI R R ETI REM EN T T RU |
13.0 60 |
13.0 60 |
0,02 43% |
| GA RB UIO RO BER TA GA RB UIO RO BER TA |
Pro xy |
L OS AN GE LES CIT Y E MP LO YE ES RET IRE ME NT SY STE M SV 1EH E, L SV2 EH E |
11.2 73 3.60 0 |
11.2 73 3.60 0 |
0,02 09% 0,00 67% |
| GA RB UIO RO BER TA |
Pro xy Pro |
L M+ G IN VE STM EN T F UN DS (7)- M+ G P AN EU RO PEA N D IVI DE ND FU ND |
137 .000 |
137 .000 |
0,25 46% |
| GA RB UIO RO BER TA |
xy Pro |
M AIN STA Y 1 30/3 0 IN TER NA TIO NA L F UN D |
51.4 29 |
51.4 29 |
0,09 56% |
| GA UIO RO RB BER TA |
xy Pro xy |
D S & P SIO N S YST M AR YL AN TA TE RET IRE ME NT EN EM |
48. 126 |
48. 126 |
0,08 94% |
| GA RB UIO RO BER TA |
Pro xy |
M AST ER TR AG REE BE TW EEN PF IZE R IN C A ND TH E N OR TH ERN TR CO |
12.3 82 |
12.3 82 |
0,02 30% |
| GA RB UIO RO BER TA |
Pro xy |
MD IN TER NA TIO NA L V ALU E F UN D |
4.06 9 |
4.06 9 |
0,00 76% |
| GA RB UIO RO BER TA |
Pro xy |
MD PIM IN TER NA TIO NA L E QU ITY PO OL |
43.9 16 |
43.9 16 |
0,08 16% |
| GA RB UIO RO BER TA |
Pro xy |
ME TZL ER INT ERN AT ION AL INV EST ME NT S P LC |
304 .500 |
304 .500 |
0,56 59% |
| GA RB UIO RO BER TA |
Pro xy |
M GI F UN DS PLC |
32.2 48 |
32.2 48 |
0,05 99% |
| GA RB UIO RO BER TA |
Pro xy |
MI NIS TER FO R F INA NC E (I SIF MA NA GE D A ND CO NT RO LLE D B Y N TM A) |
1.95 9 |
1.95 9 |
0,00 36% |
| GA UIO RO TA RB BER |
Pro xy |
SSO I LO CA L G OV PLO ES SY STE MI UR ERN ME NT EM YE RET IRE ME NT M |
415 | 415 | 0,00 08% |
| GA RB UIO RO BER TA |
Pro xy |
M SCI EA FE SM ALL CA P P RO V IN DE X S EC CO MM ON TR F |
4.26 4 |
4.26 4 |
0,00 79% |
| GA RB UIO RO BER TA |
Pro xy |
MU LTI -ST YL E, M UL TI-M AN AG ER FUN DS PLC |
29.4 00 |
29.4 00 |
0,05 46% |
| GA RB UIO RO BER TA |
Pro xy |
MU NIC IPA L E MP LO YE ES AN NU ITY AN D B EN EFI T F UN D O F C HIC AG O |
13.0 24 |
13.0 24 |
0,02 42% |
| GA RB UIO RO BER TA |
Pro xy |
MU NIC IPA L E MP LO YE ES` RE TIR EM EN T S YST EM OF MI CH IGA N |
9.36 8 |
9. 368 |
0,0 174 % |
| GA UIO RO TA RB BER |
Pro xy |
AT ION AL CO CIL FO R S OC IAL SE C F N UN UN D |
1.15 9 |
1.15 9 |
0,00 22% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION AL PEN SIO N S ERV ICE |
57.9 43 |
57.9 43 |
0,10 77% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION AL RA ILR OA D R ETI REM EN T IN VE STM EN T T RU ST |
18.8 80 |
18.8 80 |
0,03 51% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION AL WE STM INS TER BA NK PL C A S T RU STE E O F K ES STR AT IN V F |
3.40 9 |
3.40 9 |
0,00 63% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION WID E D IVE RSE MA NA GE RS FUN D |
657 | 6 57 |
0,00 12% |
| GA UIO RO RB BER TA |
Pro xy |
OR K S CH S R T S YST NE W Y TA TE TEA ER ETI REM EN EM |
9.99 7 |
9.9 97 |
0,0 186 % |
| GA RB UIO RO BER TA |
Pro xy |
N OR TH DA KO TA STA TE INV EST ME NT BO AR D |
79.7 54 |
79. 754 |
0,14 82% |
| GA RB UIO RO BER TA |
Pro xy |
N OR TH ERN TR UST GL OB AL INV EST ME NT S C OLL ECT IVE FU ND S T RU ST |
16.1 24 |
16.1 24 |
0,03 00% |
| GA RB UIO RO BER TA |
Pro xy |
NT GI- QM CO MM ON DA ILY AL L C OU NT RY WO RLD E |
657 | 6 57 |
0,00 12% |
| GA RB UIO RO BER TA |
Pro xy |
NU ME RIC AB SOL UT E R ETU RN FU ND LP NU ME RIC IN VE STO RS LIM ITE D |
12.1 20 |
12.1 20 |
0,02 25% |
| GA RB UIO RO BER TA |
Pro xy |
NU ME RIC AB SOL UT ED RE TU RN FU ND LP OG IER FID UC IAR Y S ERV ICE S L TD |
620 | 6 20 |
0,00 12% |
| GA RB UIO RO BER TA |
Pro xy |
NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L IMI TED |
921 | 9 21 |
0,00 17% |
| GA UIO RO TA RB BER |
Pro xy |
NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L IMI TED ESM MU LOF C/O NU ME RIC INV EST ORS LL C |
92 | 2 9 |
0,00 02% |
| GA RB UIO RO BER TA |
Pro xy |
NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L TD NUM ERI C IN VES TOR S LI MIT ED LIA BIL ITY CO MP ANY |
3.28 0 |
3.28 0 |
0,00 61% |
| GA RB UIO RO BER TA |
Pro | NU ME RIC SO CIA LLY AW AR E M UL TY ST RA TEG Y F UN D L TD |
604 | 6 04 |
0,00 11% |
|---|---|---|---|---|---|
| GA UIO RO TA RB BER |
xy | RIC SO CIA AW AR TI-S TRA TEG ES MS AM CO RIC ME LLY E M UL Y F UN D L TD MN NU ME |
32 | 32 | 0,00 01% |
| Pro xy |
NU | ||||
| GA RB UIO RO BER TA |
Pro xy |
NU ME RIC WO RLD MA RK ET NE UT RA L O NSH OR E F OU ND II L P N UM ERI C IN VE STO RS LLC |
1.44 0 |
1.44 0 |
0,00 27% |
| GA RB UIO RO BER TA |
Pro xy |
OIL IN VE STM EN T C OR POR AT ION LT D |
375 | 375 | 0,00 07% |
| GA RB UIO RO BER TA |
Pro xy |
OIL IN VE STM EN T C OR POR AT ION LT D. - ES M C /O N UM ERI C IN VE STO RS LLC |
86 | 86 | 0,00 02% |
| GA RB UIO RO BER TA |
Pro xy |
ON EPA TH GL OB AL SHA RE S - SM ALL CA P U NH ED GE D) IND EX POO L |
156 | 156 | 0,00 03% |
| GA UIO RO RB BER TA |
Pro xy |
OPT HO LES GL OB SM CO IMI X W ALE AL ALL ER |
10.0 60 |
10.0 60 |
0,0 187 % |
| GA RB UIO RO BER TA |
Pro xy |
OR EG ON PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
80.5 50 |
80.5 50 |
0,14 97% |
| GA UIO RO TA RB BER |
Pro xy |
AN AG OR A D AM IC G LO BA D A A F P YN L E XT EN DE LPH UN D L TD |
4.27 5 |
4.27 5 |
0,00 79% |
| GA RB UIO RO BER TA |
Pro xy |
PE NSI ON RE SER VE S IN VE STM EN T T RU ST FUN D |
12.1 51 |
12.1 51 |
0,02 26% |
| GA RB UIO RO BER TA |
Pro xy |
PE NSI ON DA NM AR K P EN SIO NSF OR SIK RIN GSA KT IES ELS KA B |
18.9 90 |
18.9 90 |
0,03 53% |
| GA RB UIO RO BER TA |
Pro xy |
PIM IN VE STM EN TS, IN C |
9.5 17 |
9. 517 |
0,0 177 % |
| GA RB UIO RO BER TA |
Pro xy |
P OLA R C API TA L F UN DS PLC |
20.6 66 |
20.6 66 |
0,03 84% |
| GA UIO RO TA RB BER |
Pro xy |
OLA R C API TA L G LO BA INA NC IAL S T ST P L F RU PL |
200 .000 |
200 .000 |
0,37 17% |
| GA RB UIO RO BER TA |
Pro xy |
P OLI CE AN D F IRE RE TIR EM EN T S YST EM OF TH E C ITY OF DE TRO IT |
12.8 00 |
12.8 00 |
0,02 38% |
| GA RB UIO RO BER TA |
Pro xy |
P OLI CEM EN `S A NN UIT Y A ND BE NE FIT FU ND OF CH ICA GO |
7.89 4 |
7. 894 |
0,0 147 % |
| GA RB UIO RO BER TA |
Pro xy |
PU BLI C E MP LO YE ES RET IRE ME NT SY STE M O F M ISS ISS IPI |
7.96 3 |
7.9 63 |
0,0 148 % |
| GA RB UIO RO BER TA |
Pro xy |
PU BLI C E MP LO YE ES RET IRE ME NT SY STE M O F O H |
12.6 59 |
12.6 59 |
0,02 35% |
| GA UIO RO TA RB BER |
Pro xy |
C S CH OO EA CH S` P SIO NA D O F C HIC AG O PU BLI L T ER EN ND RE TIR EM EN T F UN |
11.9 00 |
11.9 00 |
0,02 21% |
| GA RB UIO RO BER TA |
Pro xy |
R AY MO ND JA ME S F INA NC IAL IN C |
487 | 487 | 0,00 09% |
| GA RB UIO RO BER TA |
Pro xy |
RE GIM E D E R EN TES DU MO UV EM EN T D ESJ AR DIN S |
4.65 3 |
4.65 3 |
0,00 86% |
| GA RB UIO RO BER TA |
Pro | RE XA M P EN SIO N P LAN |
8.12 9 |
8.12 9 |
0,0 151 % |
| GA RB UIO RO BER TA |
xy Pro |
R OG ER SCA SEY TA RG ET SOL UT ION S L LC |
1.19 5 |
1.19 5 |
0,00 22% |
| GA UIO RO RB BER TA |
xy | SSE EST CO SSE LO LL INV ME NT MP AN Y - RU LL INT ERN DE VE PED MK T F |
6.4 10 |
410 | 0,0 119 % |
| TA | Pro xy |
RU ALL |
6. | ||
| GA RB UIO RO BER |
Pro xy |
RU SSE LL SM ER CO MP AN IES PO OL |
4.74 7 |
4.74 7 |
0,00 88% |
| GA UIO RO TA RB BER |
Pro xy |
SCIE NS G ROU P AL TER NAT IVE STR ATE GIE S PC C LI MIT ED A CTIN G IN RES PEC T OF ITS SIL VER |
1.64 7 |
1.64 7 |
0,00 31% |
| GA RB UIO RO BER TA |
Pro xy |
SEI GL OB AL MA STE R F UN D P LC |
48. 157 |
48. 157 |
0,08 95% |
| GA RB UIO RO BER TA |
Pro xy |
SEI LU PU S A LPH A P AN EU RO PEA N S MA LL CA P P OO L |
55.2 47 |
55.2 47 |
0,10 27% |
| GA RB UIO RO BER TA |
Pro xy |
SEM PRA EN ERG Y P EN SIO N M AST ER TRU ST |
531 | 531 | 0,00 10% |
| GA RB UIO RO BER TA |
Pro xy |
SHE LL CO NT RIB UT OR Y P EN SIO N F UN D |
76.3 15 |
76. 315 |
0,14 18% |
| GA UIO RO TA RB BER |
Pro xy |
SHE ST (BE A) L AS UST LL TRU RM UD IMI TED TR EE |
1.70 0 |
1.70 0 |
0,00 32% |
| GA RB UIO RO BER TA |
Pro xy |
SHE LL TRU ST (BE RM UDA ) LT D A S TR UST EE OF THE SH ELL OV ERS EAS C.P . FU ND |
18.7 49 |
18.7 49 |
0,03 48% |
| GA RB UIO RO BER TA |
Pro xy |
SLI GL OB AL SIC AV GL OB AL FOC USE DST RA TEG IES FU ND |
4.13 9 |
4.13 9 |
0,00 77% |
| GA RB UIO RO BER TA |
Pro xy |
SPD R S &P WO RLD (EX -US ) ET F |
7.79 2 |
7.7 92 |
0,0 145 % |
| GA RB UIO RO BER TA |
Pro xy |
SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
25.5 12 |
25.5 12 |
0,04 74% |
| GA UIO RO TA RB BER |
Pro xy |
SSG A S FS RO LIC D C OM PAN PDR ET EU PE II P UB LIM ITE Y |
2.26 8 |
2.26 8 |
0,00 42% |
| GA RB UIO RO BER TA |
Pro xy |
STA NL IB F UN DS LIM ITE D S TA ND AR D B AN K H OU SE |
16.8 40 |
16.8 40 |
0,03 13% |
| GA RB UIO RO BER TA |
Pro xy |
STA TE OF ALA SKA RE TIR EM EN T A ND BE NE FIT S P LAN S |
194 | 194 | 0,00 04% |
| GA RB UIO RO BER TA |
Pro xy |
STA TE UN IVE RSI TIE S R ETI REM EN T S YST EM |
64.6 00 |
6 4.60 0 |
0,12 |
| GA RB UIO RO BER TA |
Pro xy |
STI CH TIN G P EN SIO EN FON DS HO REC A & CA TER ING |
1.15 3 |
1.15 3 |
00% 0,00 21% |
| GA UIO RO RB BER TA |
Pro xy |
STI CH G S SIO FON DS TIN HE LL PEN EN |
105 .533 |
105 .533 |
0,19 61% |
| GA RB UIO RO BER TA |
Pro xy |
TE AC HE RS` RE TIR EM EN T S YST EM OF TH E S TA TE OF ILL INO IS |
24.4 18 |
24.4 18 |
0,04 54% |
| GA UIO RO TA RB BER |
Pro xy |
RO C. M AST ST TE XT N IN ER TRU |
41.2 00 |
41.2 00 |
0,07 66% |
| GA RB UIO RO BER TA |
Pro | TH E B OE ING CO MP AN Y E MP LO YE E R ETI REM EN T P LAN S M T |
7.26 4 |
7. 264 |
0,0 135 % |
| GA RB UIO RO BER TA |
xy | E R ETI REM EN T B EN EFI T T RU ST OF TH E R .R. DO NN ELL EY & SON S C |
39.3 00 |
39.3 00 |
0,07 30% |
| GA RB UIO RO BER TA |
Pro xy |
TH O. E R OC KE FEL LER FO UN DA TIO N |
4.75 0 |
4.75 0 |
0,00 88% |
| GA RB UIO RO BER TA |
Pro xy |
TH E S TA TE OF CO NN ECT ICU T A CTI NG TH RO UG H IT S T REA SUR ER |
3.49 9 |
3.49 9 |
65% |
| Pro xy |
TH | 0,00 | |||
| GA UIO RO TA RB BER |
Pro xy |
AR WO E A LLO CA TIO TH RIV EN T P TN ER RLD WID N F UN D |
20.3 22 |
20.3 22 |
0,03 78% |
| GA RB UIO RO BER TA |
Pro xy |
TH RIV EN T P AR TN ER WO RLD WID E A LLO CA TIO N P OR TFO LIO |
40. 870 |
40. 870 |
0,07 60% |
| GA RB UIO RO BER TA |
Pro xy |
TRE ASU RER OF TH E ST ATE OF NO RTH CAR OLI NAE QUI TY INV EST ME NT FUN D P OOL ED |
16.5 00 |
16.5 00 |
0,03 07% |
| GA RB UIO RO BER TA |
Pro xy |
TR INI TY HE ALT H C OR POR AT ION |
3.50 0 |
3.50 0 |
0,00 65% |
| GA RB UIO RO BER TA |
Pro xy |
TR INI TY HE ALT H P EN SIO N P LAN |
3.40 0 |
3.40 0 |
0,00 63% |
| GA UIO RO TA RB BER |
Pro xy |
O S IGM A A BSO OR TFO LIO C C OR POR AT ION SE ICE CO AN TW LU TE RET UR N P LL RV MP Y |
4.03 5 |
4.03 5 |
0,00 75% |
| GA RB UIO RO BER TA |
Pro xy |
TW O S IGM A E QU ITY PO RTF OLI O, L LC |
5.4 16 |
5.4 16 |
0,0 101 % |
| GA RB UIO RO BER TA |
Pro xy |
TW O S IGM A S PEC TRU M P OR TFO LIO , LL C |
5.6 16 |
5.6 16 |
0,0 104 % |
| GA RB UIO RO BER TA |
Pro xy |
U AW RE TIR EE ME DIC AL BEN EFI TS TRU ST |
324 | 324 | 0,00 06% |
| GA RB UIO RO BER TA |
Pro xy |
UB S E TF |
1.11 1 |
1.11 1 |
0,00 21% |
| GA UIO RO RB BER TA |
Pro xy |
ISU UN PER |
26.4 69 |
26.4 69 |
0,04 92% |
| GA RB UIO RO BER TA |
Pro xy |
UN IVE RSA L IN VE ST BA YV K A 1 FO ND S |
79.7 00 |
79. 700 |
0,14 81% |
| GA UIO RO TA RB BER |
Pro xy |
S G RO ST UP UP TRU |
4.19 9 |
4.19 9 |
0,00 78% |
| GA RB UIO RO BER TA |
Pro xy |
UT AH ST AT E R ETI REM EN T S YST EM S |
1.01 2 |
1.01 2 |
0,00 19% |
| GA RB UIO RO BER TA |
Pro xy |
V AIL SBU RG FU ND LL C |
15.5 00 |
15.5 00 |
0,02 88% |
| GA RB UIO RO BER TA |
Pro xy |
V AN GU AR D IN TER NA TIO NA L S MA LL CO MP AN IES I |
2.5 16 |
2.5 16 |
0,00 47% |
| GA RB UIO RO BER TA |
Pro xy |
V AN GU AR D IN VE STM EN T S ERI ES, PL C |
2.80 0 |
2.80 0 |
0,00 52% |
| GA UIO RO TA RB BER |
Pro xy |
M G LO BA L S MA CO AN IES UST VF LL MP TR |
19.9 71 |
19.9 71 |
0,03 71% |
| GA RB UIO RO BER TA |
Pro xy |
VIR GIN IA R ETI REM EN T S YST EM |
152 .599 |
152 .599 |
0,28 36% |
| GA RB UIO RO BER TA |
V OY A M UL TI-M AN AG ER INT ERN AT ION AL SM ALL CA P F UN D |
3.65 4 |
3.65 4 |
0,00 68% |
|
| GA RB UIO RO BER TA |
Pro xy Pro xy |
W ASH ING TO N S TA TE INV EST ME NT BO AR D |
1.43 2 |
1.43 2 |
0,00 27% |
| GA RB UIO RO BER TA |
Pro xy |
WI SDO MT REE EU RO PE HE DG ED SM ALL CA P E QU ITY FU ND |
16.6 30 |
16.6 30 |
0,03 09% |
|
|---|---|---|---|---|---|---|
| GA RB UIO RO BER TA |
Pro xy |
WI SDO MT REE EU RO PE SM ALL CA P D IVI DE ND FU ND |
291 .807 |
291 .807 |
0,54 23% |
|
| GA RB UIO RO BER TA |
Pro xy |
WI SDO MT REE IN TER NA TIO NA L S MA LLC AP DIV IDE ND FU ND |
81.0 29 |
81.0 29 |
0,15 06% |
|
| GA UIO RO TA RB BER |
Pro xy |
SDO ISS LIC D C OM PAN WI MT REE UE R P UB LIM ITE Y |
6.66 7 |
6.6 67 |
0,0 124 % |
|
| GA RB UIO RO BER TA |
Pro xy |
ZE BR A G LO BA L L IQU IDI TY AR BIT RA GE FU ND LP |
6.23 1 |
6. 231 |
0,0 116 % |
|
| TO TA L S HA S R ESE E S HA HO S' M G RE EPR NT ED IN TH RE LD ER EE TIN |
4.37 2.84 2 |
35.8 29.4 29 |
40.2 02.2 71 |
74,7 100 % |
||
| NU MB ER OF SH AR EH OL DE RS PR ESE NT IN PE RSO N O R B Y P RO XY |
201 |
Share Capital Euro 53.811.095,00
| QU AN TIT Y O N |
QU AN TIT Y B Y |
TO TA L |
% O F |
|||
|---|---|---|---|---|---|---|
| PA RT ICI PA NT |
NO TE S |
SH AR EH OL DE R |
OW N AC CO UN T |
PR OX Y |
QU AN TIT Y |
SH AR E CA PIT AL |
| NIC OLA ZA SSI NU |
Pro xy |
A S CO GL A S .P.A L IER |
26.9 66.8 47 |
26.9 66.8 47 |
50, 113 9% |
|
| NIC OLA ZA NU SSI |
Pro xy |
AL CH IMI A S PA |
1.06 5.44 7 |
1.06 5.44 7 |
1,98 00% |
|
| CA SEL LI G IOR GIO |
Pro xy |
B OSO NI GE MM A |
3.00 0 |
3.00 0 |
0,00 56% |
|
| BO SSI GI OV AN NI |
Ow n |
B OSS I GI OV AN NI |
1.83 8.64 6 |
1.83 8.64 6 |
3,4 169 % |
|
| CA RA DO NN A G IAN FRA NC O M AR IA |
Ow n |
CA RA DO NN A G IAN FRA NC O M AR IA |
1 | 1 | 0,00 00% |
|
| CO RSO CO NI LET TA |
Ow n |
CO RSO CO NI LET TA |
1.55 0 |
1.55 0 |
0,00 29% |
|
| FAV ALL I AR RIG O |
Ow n |
FAV ALL I AR RIG O |
1.00 0 |
1.00 0 |
0,00 19% |
|
| CA SEL LI G IOR GIO |
Pro xy |
F AZ ZIN I CE LSO |
8.00 0 |
8.00 0 |
0,0 149 % |
|
| FIO REN TIN I GI AN LU CA |
Ow n |
FI OR EN TIN I GI AN LU CA |
20 | 20 | 0,00 00% |
|
| CO NT E IG NA ZIO |
Pro xy |
FI SCO AM ICO |
10 | 10 | 0,00 00% |
|
| MA DE RN A F RA NC ESC A |
Ow n |
M AD ERN A F RA NC ESC A |
1.07 0.42 2 |
1.07 0.42 2 |
1,98 92% |
|
| MA FFE I FA CC IOL I CA RLO FR AN CES CO |
Ow n |
M AFF EI F AC CIO LI C AR LO FR AN CES CO |
73.2 00 |
7 3.20 0 |
0,13 60% |
|
| PAN DO LFO FA BR IZIO |
Ow n |
PAN DO LFO FA BR IZIO |
3.40 8 |
3.40 8 |
0,00 63% |
|
| PRE VE RIC CA RD O |
Leg al r ativ sent epre e |
PR EV E C OST RU ZIO NI SPA |
1.16 0.00 0 |
1.16 0.00 0 |
2,15 57% |
|
| PRE VE RIC CA RD O |
Ow n |
PR EV E R ICC AR DO |
89.0 01 |
89.0 01 |
0,16 54% |
|
| RO DIN O D<br>EM<br>ETR<br>IO | Ow<br>n | R<br>OD<br>INO<br> DEM ETR IO |
2 | 2 | 0,00 00% |
|||
| STA CC ION E A LBE RTO |
Ow n |
STA CC ION E A LBE RTO |
140 .000 |
140 .000 |
0,26 02% |
|
| GA UIO RO TA RB BER |
Pro xy |
119 9 SE EA CA PLO ES SIO IU H LT RE EM YE PEN N F UN D |
21.9 48 |
21.9 48 |
0,04 08% |
|
| GA RB UIO RO BER TA |
Pro xy |
AC AD IAN IN TER NA TIO NA L S MA LL CA PFU ND |
13.7 28 |
13.7 28 |
0,02 55% |
|
| GA RB UIO RO BER TA |
Pro xy |
ADV ANC ED SER IES TR UST AS T PR UDE NTI AL GRO WT H A LLO CAT ION PO RTF OLI O |
34.5 68 |
34.5 68 |
0,06 42% |
|
| GA RB UIO RO BER TA |
Pro xy |
ALA SKA PE RM AN EN T F UN D C OR POR AT ION |
2.98 1 |
2.98 1 |
0,00 55% |
|
| GA RB UIO RO BER TA |
Pro xy |
AL GE BR IS F INA NC IAL IN CO ME FU ND |
82.6 86 |
82.6 86 |
0,15 37% |
|
| GA UIO RO RB BER TA |
Pro xy |
GE IS G LO NC STE AL BR BA L F INA IAL MA R F UN D |
29.7 00 |
29.7 00 |
0,05 52% |
|
| GA RB UIO RO BER TA |
Pro xy |
AL GE BR IS L ON G O NL Y G LO BA L F INA NC IAL S M AST ER FUN D |
3.90 8 |
3.90 8 |
0,00 73% |
|
| GA RB UIO RO BER TA |
Pro xy |
AL KE N F UN D |
945 .06 1 |
9 45.0 61 |
1,75 63% |
|
| GA RB UIO RO BER TA |
Pro | ALT RIA CO RPO RA TE SER VIC ES MA STE R R ETI REM |
3.36 3 |
3.36 3 |
0,00 62% |
|
| GA RB UIO RO BER TA |
xy Pro |
AN Z W HO LES ALE IN TER N S HA RE NO 4 F UN D |
45.2 00 |
45.2 00 |
0,08 40% |
|
| GA RB UIO RO BER TA |
xy Pro |
AR BO R IN TER NA TIO NA L F UN D |
12.7 25 |
12.7 25 |
0,02 36% |
|
| GA RB UIO RO BER TA |
xy Pro |
AR RO WS TRE ET CA PIT AL GL OB AL EQ UIT Y L ON G/S HO RT FEE DE R F UN D L IMI TED |
4.54 5 |
4.54 5 |
0,00 84% |
|
| GA UIO RO TA RB BER |
xy Pro |
AR RO WS US GR OU ST TRE ET P T RU |
15.6 61 |
15.6 61 |
0,02 91% |
|
| GA RB UIO RO BER TA |
xy Pro |
AX A W OR LD FU ND S |
55.0 00 |
55.0 00 |
0,10 22% |
|
| GA RB UIO RO BER TA |
xy Pro |
B GI M SCI EA FE SM ALL CA P E QU ITY IN DE X F UN D B |
6.33 1 |
6. 331 |
0,0 118 % |
|
| GA RB UIO RO BER TA |
xy Pro |
BL AC KR OC K IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
52.9 74 |
52.9 74 |
0,09 84% |
|
| GA RB UIO RO BER TA |
xy Pro |
BL AC KR OC K M SCI WO RLD SM ALL CA P E Q E SG SCR EEN ED IN DE X F UN D B |
627 | 6 27 |
0,00 12% |
|
| GA UIO RO TA RB BER |
xy Pro |
RO CK LIQ AL PHA RIC STO RS LLC BL UE UID FU ND LP NU ME IN VE |
540 | 540 | 0,00 10% |
|
| GA RB UIO RO BER TA |
xy Pro |
BL UE SK Y G RO UP |
57.2 00 |
57.2 00 |
0,10 63% |
|
| GA RB UIO RO BER TA |
xy Pro |
BN Y M ELL ON EM PLO YE E B EN EFI T C OLL ECT IVE IN VE STM EN T F UN D P LAN |
55 | 55 | 0,00 01% |
|
| GA RB UIO RO BER TA |
xy Pro |
B OST ON PA TRI OT CO NG RE SS ST LLC C/O PA NA GO RA AS SET MA NA GE ME NT |
708 | 7 08 |
0,00 13% |
|
| GA RB UIO RO BER TA |
xy Pro xy |
BR ICK LA YE RS + T RO WE L T RA DE S IN TER NA TIO NA L P EN SIO N F UN D |
14.8 00 |
14.8 00 |
0,02 75% |
|
| GA UIO RO RB BER TA |
Pro | C& J C NSI ON LA RK PE FU ND |
3.97 8 |
3.97 8 |
0,00 74% |
|
| GA RB UIO RO BER TA |
xy Pro xy |
CA LIF OR NIA PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
15.2 00 |
15.2 00 |
0,02 | |
| GA RB UIO RO BER TA |
Pro xy |
CA LIF OR NIA ST AT E T EA CH ER S R ETI REM EN T S YST EM |
330 | 330 | 82% 0,00 06% |
|
| GA RB UIO RO BER TA |
Pro xy |
CA SEY FA MIL Y P RO GR AM S |
6.19 1 |
6. 191 |
0,0 115 % |
|
| GA RB UIO RO BER TA |
Pro xy |
CA TER PIL LA R P EN SIO N P LAN |
31.4 00 |
31.4 00 |
0,05 84% |
|
| GA RB UIO RO BER TA |
Pro xy |
CC &L AL L S TRA TEG IES FU ND |
400 | 400 | 0,00 07% |
|
| GA RB UIO RO BER TA |
Pro xy |
CC &L Q M AR KE T N EU TRA L F UN D |
1.50 0 |
1.50 0 |
0,00 28% |
|
| GA UIO RO TA RB BER |
Pro xy |
CEL AN ESE AM CA S R T S AV ING S P LAN ERI ETI REM EN |
7.68 7 |
87 7.6 |
0,0 143 % |
|
| GA RB UIO RO BER TA |
Pro xy |
CF DV AC WI EX -U. S. I MI FUN D |
265 | 265 | 0,00 05% |
|
| GA RB UIO RO BER TA |
Pro xy |
CG CM IN TER NA TIO NA L E QU ITY IN VE STM EN TS PHI LA DE LPH IA I NT ERN AT |
1.57 9 |
1.57 9 |
0,00 29% |
|
| GA RB UIO RO BER TA |
Pro | CH UR CH OF EN GLA ND IN VE STM EN T F UN D F OR PE NSI ON S |
2.19 7 |
2.19 7 |
0,00 41% |
|
| GA RB UIO RO BER TA |
xy Pro xy |
CIT CO BK ND NV DUB B B R A CT SOL EY IN I TS CAP AS TR TEE OF MG D A CCS MS T SE RV IN R ES |
14.8 00 |
14.8 00 |
0,02 75% |
|
| GA UIO RO TA RB BER |
Pro | CIT Y O OS AN GE LES E A PO LIC LAN F L FIR ND E P |
13.9 41 |
13.9 41 |
0,02 59% |
|
| GA RB UIO RO BER TA |
xy Pro |
CIT Y O F M EM PHI S R ETI REM EN T S YST EM |
13.4 70 |
13.4 70 |
0,02 50% |
|
| GA RB UIO RO BER TA |
xy Pro |
CIT Y O F N EW YO RK GR OU P T RU ST |
38.3 17 |
38.3 17 |
0,07 12% |
|
| GA RB UIO RO BER TA |
xy Pro |
CO LLE GE RE TIR EM EN T E QU ITIE S F UN D |
68.9 17 |
6 8.9 17 |
0,12 81% |
|
| GA RB UIO RO BER TA |
xy Pro |
CO MM ON WE ALT H B AN K G RO UP SUP ERA NN UA TIO N |
12.8 82 |
12.8 82 |
0,02 39% |
|
| GA UIO RO RB BER TA |
xy Pro |
COM MO EAL OF NSY LVA NIA C S CHO OL PLO S R SY STE NW TH PEN PU BLI EM YEE ETI REM ENT M |
3.08 4 |
3.08 4 |
0,00 57% |
|
| GA RB UIO RO BER TA |
xy Pro |
CO NN ECT ICU T G EN ERA L L IFE IN SUR AN CE CO MP AN Y |
122 | 122 | 0,00 02% |
|
| xy |
| GA RB UIO RO BER TA |
Pro xy |
CO NSO LID AT ED ED ISO N R ETI REM EN T P LAN |
35.5 68 |
35.5 68 |
0,06 61% |
|---|---|---|---|---|---|
| GA RB UIO RO BER TA |
Pro | CO UN TY EM PLO YE ES AN NU ITY AN D B EN EFI T F UN D O F C OO K C OU NT Y |
11.5 00 |
11.5 00 |
0,02 14% |
| GA RB UIO RO BER TA |
xy | CPR EU RO HI GH DI VID EN D |
297 .676 |
297 .676 |
0,55 32% |
| GA RB UIO RO BER TA |
Pro xy |
LTA LL OY D A SSE T M AN AG EM EN T N V |
34.4 40 |
34.4 40 |
40% |
| Pro xy |
DE | 0,06 | |||
| GA UIO RO TA RB BER |
Pro xy |
PAR T O F S TA LAN DS DE TM EN TE |
8.6 10 |
8.6 10 |
0,0 160 % |
| GA RB UIO RO BER TA |
Pro xy |
DE UT SCH E X -TR AC KE RS MS CI E MU HE DG ED EQ UIT Y E TF |
175 | 175 | 0,00 03% |
| GA RB UIO RO BER TA |
Pro xy |
DU KE EN ERG Y R ETI REM EN T S AV ING S P LAN |
26. 133 |
26. 133 |
0,04 86% |
| GA RB UIO RO BER TA |
Pro xy |
EM PLO YE ES` RE TIR EM EN T S YST EM OF TH E C ITY OF BA LTI |
19.9 00 |
19.9 00 |
0,03 70% |
| GA RB UIO RO BER TA |
Pro xy |
EN SIG N P EA K A DV ISO RS INC |
228 .900 |
228 .900 |
0,42 54% |
| GA UIO RO RB BER TA |
Pro xy |
CP AST OR G C RO ISS CE CA F AN MID P |
10.1 18 |
10.1 18 |
0,0 188 % |
| GA RB UIO RO BER TA |
Pro xy |
F CP GR OU PAM A A VE NIR EU RO |
522 .217 |
522 .217 |
0,97 05% |
| GA UIO RO TA RB BER |
Pro xy |
CP RSI RO F EU P |
27.0 35 |
27.0 35 |
0,05 02% |
| GA RB UIO RO BER TA |
Pro xy |
FID ELI TY AD V S ER VII I FI DE LIT Y A DV GL B C API TA L A PPR ECI AT ION F |
5.93 5 |
5.93 5 |
0,0 110 % |
| GA RB UIO RO BER TA |
Pro xy |
FLE XSH ARE S M ORN ING STA R D EVE LOP ED MA RKE TS E X-U S FA CTO R T ILT IND EX FUN D |
3.73 5 |
3.73 5 |
0,00 69% |
| GA RB UIO RO BER TA |
Pro xy |
FL OR IDA RE TIR EM EN T S YST EM |
17.8 57 |
17.8 57 |
0,03 32% |
| GA RB UIO RO BER TA |
Pro xy |
F ON DS RE SER VE RE TRA ITE S |
182 .512 |
182 .512 |
0,33 92% |
| GA UIO RO TA RB BER |
Pro xy |
FOU NDL OGI C A LTE RNA TIV ES P LC- MS AL GEB RIS GL OBA L FI NAN CIA LS U CIT S FO UND |
14.5 50 |
14.5 50 |
0,02 70% |
| GA RB UIO RO BER TA |
Pro xy |
GO LD MA N S AC HS FUN DS |
11.6 70 |
11.6 70 |
0,02 17% |
| GA RB UIO RO BER TA |
Pro xy |
GO LD MA N S AC HS INT ERN SM ALL CA P IN SIG HT F |
132 .048 |
132 .048 |
0,24 54% |
| GA RB UIO RO BER TA |
Pro xy |
GO VE RN ME NT OF NO RW AY |
102 .152 |
102 .152 |
0,18 98% |
| GA RB UIO RO BER TA |
Pro xy |
GO VE RN ME NT SU PER AN NU AT ION FU ND |
11.9 96 |
11.9 96 |
0,02 23% |
| GA UIO RO TA RB BER |
Pro | GW AT ION AL SM ALL CA +K INT ERN P F UN D, L .P. |
4.05 0 |
4.05 0 |
0,00 75% |
| GA RB UIO RO BER TA |
xy Pro |
H OSK ING GL OB AL FUN D P LC |
103 .163 |
103 .163 |
0,19 17% |
| GA RB UIO RO BER TA |
xy | SBC AM TE CH NO LO GIE (C) |
84.2 38 |
84.2 38 |
0,15 65% |
| GA RB UIO RO BER TA |
Pro xy |
H 40 1K PLU S P LAN |
15.8 40 |
15.8 40 |
94% |
| Pro xy |
IBM | 0,02 | |||
| GA RB UIO RO BER TA |
Pro xy |
ILL INO IS M UN ICIP AL RET IRE ME NT FU ND |
18.0 00 |
18.0 00 |
0,03 35% |
| GA UIO RO RB BER TA |
Pro xy |
INO IS S AS SIS NC E C OM MIS SIO ILL TU DE NT TA N |
25.4 00 |
25.4 00 |
0,04 72% |
| GA RB UIO RO BER TA |
Pro xy |
IND IAN A P UB LIC EM PLO YE ES RET IRE ME NT FU ND |
760 | 76 0 |
0,00 14% |
| GA UIO RO TA RB BER |
Pro xy |
CO AN S M AST INT EL RP RET IRE ME NT PL ER FUN D |
29.9 00 |
29.9 00 |
0,05 56% |
| GA RB UIO RO BER TA |
Pro xy |
INT ERN AT ION AL PAP ER CO CO MM ING LED IN VE STM EN T G RO UP TRU ST |
3.53 5 |
3.53 5 |
0,00 66% |
| GA RB UIO RO BER TA |
Pro xy |
INV ESC O F UN DS SER IES 4 |
724 .445 |
7 24.4 45 |
1,34 63% |
| GA RB UIO RO BER TA |
Pro xy |
INV ESC O G LO BA L S MA LL CA P E QU ITY PO OL |
16.7 94 |
16.7 94 |
0,03 12% |
| GA RB UIO RO BER TA |
Pro xy |
INV ESC O P ERP ETU AL GL OB AL SM ALL ER CO . FD |
204 .568 |
204 .568 |
0,38 02% |
| GA UIO RO TA RB BER |
Pro xy |
AC SP EC ST T S HA STR NO IP INV R IN RE 9 |
1.28 4 |
1.28 4 |
0,00 24% |
| GA RB UIO RO BER TA |
Pro xy |
I SHA RE S D EV ELO PED SM ALL -CA P E X N OR TH AM ERI CA ET F |
688 | 6 88 |
0,00 13% |
| GA RB UIO RO BER TA |
Pro xy |
I SHA RE S E NH AN CED IN TER NA TIO NA L S MA LL- CA P E TF |
520 | 520 | 0,00 10% |
| GA RB UIO RO BER TA |
Pro xy |
I SHA RE S V II P LC |
20.0 24 |
20.0 24 |
0,03 72% |
| GA RB UIO RO BER TA |
Pro xy |
J.P . M OR GA N A SSE T M AN AG EM EN T L IMI TED |
84.7 31 |
84.7 31 |
0,15 75% |
| GA UIO RO TA RB BER |
Pro xy |
OH CM NA TIO NA L S MA CA QU J IN TER LL P E ITY FU ND |
45 76.9 |
945 76. |
0,14 30% |
| GA RB UIO RO BER TA |
Pro xy |
KE MP EN IN TER NA TIO NA L F UN DS |
276 .387 |
276 .387 |
0,5 136 % |
| GA RB UIO RO BER TA |
Pro xy |
KR AFT FO OD S M AST ER RET IRE ME NT TR UST |
3.78 3 |
3.78 3 |
0,00 70% |
| GA RB UIO RO BER TA |
Pro xy |
L OC KH EED MA RTI N C OR POR AT ION MA STE R R ETI REM EN T T RU ST |
13.0 60 |
13.0 60 |
0,02 43% |
| GA RB UIO RO BER TA |
Pro xy |
L OS AN GE LES CIT Y E MP LO YE ES RET IRE ME NT SY STE M |
11.2 73 |
11.2 73 |
0,02 |
| GA UIO RO RB BER TA |
Pro | SV 1EH SV2 L E, L EH E |
3.60 0 |
3.60 0 |
09% 0,00 67% |
| GA RB UIO RO BER TA |
xy | G IN VE STM EN T F UN DS (7)- M+ G P AN EU RO PEA N D IVI DE ND FU ND |
137 .000 |
137 .000 |
0,25 46% |
| TA | Pro xy |
M+ Y 1 |
|||
| GA RB UIO RO BER GA RB UIO RO BER TA |
Pro xy |
M AIN STA 30/3 0 IN TER NA TIO NA L F UN D AR YL AN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
51.4 29 48. 126 |
51.4 29 48. 126 |
0,09 56% 94% |
| Pro xy |
M | 0,08 | |||
| GA RB UIO RO BER TA |
Pro xy |
M AST ER TR AG REE BE TW EEN PF IZE R IN C A ND TH E N OR TH ERN TR CO |
12.3 82 |
12.3 82 |
0,02 30% |
| GA RB UIO RO BER TA |
Pro xy |
MD IN TER NA TIO NA L V ALU E F UN D |
4.06 9 |
4.06 9 |
0,00 76% |
| GA RB UIO RO BER TA |
Pro xy |
MD PIM IN TER NA TIO NA L E QU ITY PO OL |
43.9 16 |
43.9 16 |
0,08 16% |
| GA UIO RO TA RB BER |
Pro xy |
AT ION AL EST S P LC ME TZL ER INT ERN INV ME NT |
304 .500 |
304 .500 |
0,56 59% |
| GA RB UIO RO BER TA |
Pro xy |
M GI F UN DS PLC |
32.2 48 |
32.2 48 |
0,05 99% |
| GA RB UIO RO BER TA |
Pro xy |
MI NIS TER FO R F INA NC E (I SIF MA NA GE D A ND CO NT RO LLE D B Y N TM A) |
1.95 9 |
1.95 9 |
0,00 36% |
| GA RB UIO RO BER TA |
Pro xy |
MI SSO UR I LO CA L G OV ERN ME NT EM PLO YE ES RET IRE ME NT SY STE M |
415 | 415 | 0,00 08% |
| GA RB UIO RO BER TA |
Pro xy |
M SCI EA FE SM ALL CA P P RO V IN DE X S EC CO MM ON TR F |
4.26 4 |
4.26 4 |
0,00 79% |
| GA UIO RO TA RB BER |
Pro xy |
-ST AN AG DS PLC MU LTI YL E, M UL TI-M ER FUN |
29.4 00 |
29.4 00 |
0,05 46% |
| GA RB UIO RO BER TA |
Pro xy |
MU NIC IPA L E MP LO YE ES AN NU ITY AN D B EN EFI T F UN D O F C HIC AG O |
13.0 24 |
13.0 24 |
0,02 42% |
| GA RB UIO RO BER TA |
Pro xy |
MU NIC IPA L E MP LO YE ES` RE TIR EM EN T S YST EM OF MI CH IGA N |
9.36 8 |
9. 368 |
0,0 174 % |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION AL CO UN CIL FO R S OC IAL SE C F UN D |
1.15 9 |
1.15 9 |
0,00 22% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION AL PEN SIO N S ERV ICE |
57.9 43 |
57.9 43 |
0,10 77% |
| GA UIO RO RB BER TA |
Pro xy |
ION OA STM ST N AT AL RA ILR D R ETI REM EN T IN VE EN T T RU |
18.8 80 |
18.8 80 |
0,03 51% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION AL WE STM INS TER BA NK PL C A S T RU STE E O F K ES STR AT IN V F |
3.40 9 |
3.40 9 |
0,00 63% |
| GA RB UIO RO BER TA |
Pro xy |
N AT ION WID E D IVE RSE MA NA GE RS FUN D |
657 | 57 6 |
0,00 12% |
| GA RB UIO RO BER TA |
Pro xy |
NE W Y OR K S TA TE TEA CH ER S R ETI REM EN T S YST EM |
9.99 7 |
9.9 97 |
0,0 186 % |
| GA RB UIO RO BER TA |
Pro xy |
N OR TH DA KO TA STA TE INV EST ME NT BO AR D |
79.7 54 |
79. 754 |
0,14 82% |
| GA RB UIO RO BER TA |
Pro | N OR TH ERN TR UST GL OB AL INV EST ME NT S C OLL ECT IVE FU ND S T RU ST |
16.1 24 |
16.1 24 |
0,03 00% |
| GA RB UIO RO BER TA |
xy | GI- QM CO MM ON DA ILY AL L C OU NT RY WO RLD E |
657 | 57 | 0,00 12% |
| GA UIO RO TA RB BER |
Pro xy |
NT RIC AB SOL RIC STO RS ME UT E R ETU RN FU ND LP NU ME IN VE LIM ITE D |
12.1 20 |
6 12.1 20 |
25% |
| Pro xy |
NU | 0,02 | |||
| GA RB UIO RO BER TA |
Pro xy |
NU ME RIC AB SOL UT ED RE TU RN FU ND LP OG IER FID UC IAR Y S ERV ICE S L TD |
620 | 6 20 |
0,00 12% |
| GA RB UIO RO BER TA |
Pro xy |
NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L IMI TED |
921 | 9 21 |
0,00 17% |
|---|---|---|---|---|---|
| GA RB UIO RO BER TA |
Pro xy |
NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L IMI TED ESM MU LOF C/O NU ME RIC INV EST ORS LL C |
92 | 9 2 |
0,00 02% |
| GA RB UIO RO BER TA |
Pro xy |
C M I ST RAT EGY MA RAL OFF SHO C IN VES TOR S LI LIA CO ANY NUM ERI ULT RKE T N EUT LE VER ED RE FUN D L TD NUM ERI MIT ED BIL ITY MP |
3.28 0 |
3.28 0 |
0,00 61% |
| GA RB UIO RO BER TA |
Pro xy |
NU ME RIC SO CIA LLY AW AR E M UL TY ST RA TEG Y F UN D L TD |
604 | 6 04 |
0,00 11% |
| GA UIO RO TA RB BER |
Pro xy |
RIC SO CIA AW AR TI-S TRA TEG ES MS AM CO RIC NU ME LLY E M UL Y F UN D L TD MN NU ME |
32 | 32 | 0,00 01% |
| GA RB UIO RO BER TA |
Pro xy |
NU ME RIC WO RLD MA RK ET NE UT RA L O NSH OR E F OU ND II L P N UM ERI C IN VE STO RS LLC |
1.44 0 |
1.44 0 |
0,00 27% |
| GA RB UIO RO BER TA |
Pro xy |
OIL IN VE STM EN T C OR POR AT ION LT D |
375 | 375 | 0,00 07% |
| GA RB UIO RO BER TA |
Pro xy |
OIL IN VE STM EN T C OR POR AT ION LT D. - ES M C /O N UM ERI C IN VE STO RS LLC |
86 | 86 | 0,00 02% |
| GA RB UIO RO BER TA |
Pro xy |
ON EPA TH GL OB AL SHA RE S - SM ALL CA P U NH ED GE D) IND EX POO L |
156 | 156 | 0,00 03% |
| GA UIO RO RB BER TA |
Pro xy |
OPT HO LES GL OB SM CO IMI X W ALE AL ALL ER |
10.0 60 |
10.0 60 |
0,0 187 % |
| GA RB UIO RO BER TA |
Pro xy |
OR EG ON PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
80.5 50 |
80.5 50 |
0,14 97% |
| GA UIO RO TA RB BER |
Pro xy |
AN AG OR A D AM IC G LO BA D A A F P YN L E XT EN DE LPH UN D L TD |
4.27 5 |
4.27 5 |
0,00 79% |
| GA RB UIO RO BER TA |
Pro xy |
PE NSI ON RE SER VE S IN VE STM EN T T RU ST FUN D |
12.1 51 |
12.1 51 |
0,02 26% |
| GA RB UIO RO BER TA |
Pro xy |
PE NSI ON DA NM AR K P EN SIO NSF OR SIK RIN GSA KT IES ELS KA B |
18.9 90 |
18.9 90 |
0,03 53% |
| GA RB UIO RO BER TA |
Pro xy |
PIM IN VE STM EN TS, IN C |
9.5 17 |
9. 517 |
0,0 177 % |
| GA RB UIO RO BER TA |
Pro xy |
P OLA R C API TA L F UN DS PLC |
20.6 66 |
20.6 66 |
0,03 84% |
| GA UIO RO TA RB BER |
Pro xy |
OLA R C API TA L G LO BA INA NC IAL S T ST P L F RU PL |
200 .000 |
200 .000 |
0,37 17% |
| GA RB UIO RO BER TA |
Pro xy |
P OLI CE AN D F IRE RE TIR EM EN T S YST EM OF TH E C ITY OF DE TRO IT |
12.8 00 |
12.8 00 |
0,02 38% |
| GA RB UIO RO BER TA |
Pro xy |
P OLI CEM EN `S A NN UIT Y A ND BE NE FIT FU ND OF CH ICA GO |
7.89 4 |
7. 894 |
0,0 147 % |
| GA RB UIO RO BER TA |
Pro xy |
PU BLI C E MP LO YE ES RET IRE ME NT SY STE M O F M ISS ISS IPI |
7.96 3 |
7.9 63 |
0,0 148 % |
| GA RB UIO RO BER TA |
Pro xy |
PU BLI C E MP LO YE ES RET IRE ME NT SY STE M O F O H |
12.6 59 |
12.6 59 |
0,02 35% |
| GA UIO RO TA RB BER |
Pro xy |
C S CH OO EA CH S` P SIO NA D O F C HIC AG O PU BLI L T ER EN ND RE TIR EM EN T F UN |
11.9 00 |
11.9 00 |
0,02 21% |
| GA RB UIO RO BER TA |
Pro xy |
R AY MO ND JA ME S F INA NC IAL IN C |
487 | 487 | 0,00 09% |
| GA RB UIO RO BER TA |
Pro xy |
RE GIM E D E R EN TES DU MO UV EM EN T D ESJ AR DIN S |
4.65 3 |
4.65 3 |
0,00 86% |
| GA RB UIO RO BER TA |
Pro xy |
RE XA M P EN SIO N P LAN |
8.12 9 |
8.12 9 |
0,0 151 % |
| GA RB UIO RO BER TA |
Pro xy |
R OG ER SCA SEY TA RG ET SOL UT ION S L LC |
1.19 5 |
1.19 5 |
0,00 22% |
| GA UIO RO RB BER TA |
Pro xy |
SSE EST CO SSE LO RU LL INV ME NT MP AN Y - RU LL INT ERN DE VE PED MK T F |
6.4 10 |
410 6. |
0,0 119 % |
| GA RB UIO RO BER TA |
Pro xy |
RU SSE LL SM ALL ER CO MP AN IES PO OL |
4.74 7 |
4.74 7 |
0,00 88% |
| GA UIO RO TA RB BER |
Pro xy |
SCIE NS G ROU P AL TER NAT IVE STR ATE GIE S PC C LI MIT ED A CTIN G IN RES PEC T OF ITS SIL VER |
1.64 7 |
1.64 7 |
0,00 31% |
| GA RB UIO RO BER TA |
Pro xy |
SEI GL OB AL MA STE R F UN D P LC |
48. 157 |
48. 157 |
0,08 95% |
| GA RB UIO RO BER TA |
Pro xy |
SEI LU PU S A LPH A P AN EU RO PEA N S MA LL CA P P OO L |
55.2 47 |
55.2 47 |
0,10 27% |
| GA RB UIO RO BER TA |
Pro xy |
SEM PRA EN ERG Y P EN SIO N M AST ER TRU ST |
531 | 531 | 0,00 10% |
| GA RB UIO RO BER TA |
Pro xy |
SHE LL CO NT RIB UT OR Y P EN SIO N F UN D |
76.3 15 |
76. 315 |
0,14 18% |
| GA UIO RO TA RB BER |
Pro xy |
SHE ST (BE A) L AS UST LL TRU RM UD IMI TED TR EE |
1.70 0 |
1.70 0 |
0,00 32% |
| GA RB UIO RO BER TA |
Pro xy |
SHE LL TRU ST (BE RM UDA ) LT D A S TR UST EE OF THE SH ELL OV ERS EAS C.P . FU ND |
18.7 49 |
18.7 49 |
0,03 48% |
| GA RB UIO RO BER TA |
Pro xy |
SLI GL OB AL SIC AV GL OB AL FOC USE DST RA TEG IES FU ND |
4.13 9 |
4.13 9 |
0,00 77% |
| GA RB UIO RO BER TA |
Pro xy |
SPD R S &P WO RLD (EX -US ) ET F |
7.79 2 |
7.7 92 |
0,0 145 % |
| GA RB UIO RO BER TA |
Pro xy |
SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
25.5 12 |
25.5 12 |
0,04 74% |
| GA UIO RO TA RB BER |
Pro xy |
SSG A S FS RO LIC D C OM PAN PDR ET EU PE II P UB LIM ITE Y |
2.26 8 |
2.26 8 |
0,00 42% |
| GA RB UIO RO BER TA |
Pro xy |
STA NL IB F UN DS LIM ITE D S TA ND AR D B AN K H OU SE |
16.8 40 |
16.8 40 |
0,03 13% |
| GA RB UIO RO BER TA |
Pro xy |
STA TE OF ALA SKA RE TIR EM EN T A ND BE NE FIT S P LAN S |
194 | 194 | 0,00 04% |
| GA RB UIO RO BER TA |
Pro xy |
STA TE UN IVE RSI TIE S R ETI REM EN T S YST EM |
64.6 00 |
6 4.60 0 |
0,12 00% |
| GA RB UIO RO BER TA |
Pro xy |
STI CH TIN G P EN SIO EN FON DS HO REC A & CA TER ING |
1.15 3 |
1.15 3 |
0,00 21% |
| GA UIO RO RB BER TA |
Pro xy |
STI CH G S SIO FON DS TIN HE LL PEN EN |
105 .533 |
105 .533 |
0,19 61% |
| GA RB UIO RO BER TA |
Pro xy |
TE AC HE RS` RE TIR EM EN T S YST EM OF TH E S TA TE OF ILL INO IS |
24.4 18 |
24.4 18 |
0,04 54% |
| GA RB UIO RO BER TA |
Pro xy |
TE XT RO N IN C. M AST ER TRU ST |
41.2 00 |
41.2 00 |
0,07 66% |
| GA RB UIO RO BER TA GA RB UIO RO BER TA |
Pro xy |
TH E B OE ING CO MP AN Y E MP LO YE E R ETI REM EN T P LAN S M T E R ETI REM EN T B EN EFI T T RU ST OF TH E R .R. DO NN ELL EY & SON S C |
7.26 4 39.3 00 |
7. 264 39.3 00 |
0,0 135 % 30% |
| GA RB UIO RO BER TA |
Pro xy |
TH O. E R OC KE FEL LER FO UN DA TIO N |
4.75 0 |
4.75 0 |
0,07 0,00 88% |
| GA RB UIO RO BER TA |
Pro xy Pro |
TH TH E S TA TE OF CO NN ECT ICU T A CTI NG TH RO UG H IT S T REA SUR ER |
3.49 9 |
3.49 9 |
0,00 65% |
| GA UIO RO TA RB BER |
xy | AR WO E A LLO CA TIO RIV EN T P TN ER RLD WID N F UN D |
20.3 22 |
20.3 22 |
0,03 78% |
| GA RB UIO RO BER TA |
Pro xy Pro xy |
TH TH RIV EN T P AR TN ER WO RLD WID E A LLO CA TIO N P OR TFO LIO |
40. 870 |
40. 870 |
0,07 60% |
| GA RB UIO RO BER TA |
Pro xy |
TRE ASU RER OF TH E ST ATE OF NO RTH CAR OLI NAE QUI TY INV EST ME NT FUN D P OOL ED |
16.5 00 |
16.5 00 |
0,03 07% |
| GA RB UIO RO BER TA |
Pro xy |
TR INI TY HE ALT H C OR POR AT ION |
3.50 0 |
3.50 0 |
0,00 65% |
| GA RB UIO RO BER TA |
Pro xy |
TR INI TY HE ALT H P EN SIO N P LAN |
3.40 0 |
3.40 0 |
0,00 63% |
| GA UIO RO TA RB BER |
Pro xy |
O S IGM A A BSO OR TFO LIO C C OR POR AT ION SE ICE CO AN TW LU TE RET UR N P LL RV MP Y |
4.03 5 |
4.03 5 |
0,00 75% |
| GA RB UIO RO BER TA |
Pro xy |
TW O S IGM A E QU ITY PO RTF OLI O, L LC |
5.4 16 |
5.4 16 |
0,0 101 % |
| GA RB UIO RO BER TA |
Pro xy |
TW O S IGM A S PEC TRU M P OR TFO LIO , LL C |
5.6 16 |
5.6 16 |
0,0 104 % |
| GA RB UIO RO BER TA |
Pro xy |
U AW RE TIR EE ME DIC AL BEN EFI TS TRU ST |
324 | 324 | 0,00 06% |
| GA RB UIO RO BER TA |
Pro xy |
UB S E TF |
1.11 1 |
1.11 1 |
0,00 21% |
| GA UIO RO RB BER TA |
Pro xy |
ISU UN PER |
26.4 69 |
26.4 69 |
0,04 92% |
| GA RB UIO RO BER TA |
Pro xy |
UN IVE RSA L IN VE ST BA YV K A 1 FO ND S |
79.7 00 |
79. 700 |
0,14 81% |
| GA RB UIO RO BER TA |
Pro xy |
UP S G RO UP TRU ST |
4.19 9 |
4.19 9 |
0,00 78% |
| GA RB UIO RO BER TA |
Pro xy |
UT AH ST AT E R ETI REM EN T S YST EM S |
1.01 2 |
1.01 2 |
0,00 19% |
| GA RB UIO RO BER TA |
Pro xy |
V AIL SBU RG FU ND LL C |
15.5 00 |
15.5 00 |
0,02 88% |
| GA RB UIO RO BER TA |
Pro xy |
V AN GU AR D IN TER NA TIO NA L S MA LL CO MP AN IES I |
2.5 16 |
2.5 16 |
0,00 47% |
| GA RB UIO RO BER TA |
Pro xy |
V AN GU AR D IN VE STM EN T S ERI ES, PL C |
2.80 0 |
2.80 0 |
0,00 52% |
| GA UIO RO TA RB BER |
Pro xy |
M G LO BA L S MA CO AN IES UST VF LL MP TR |
19.9 71 |
19.9 71 |
0,03 71% |
| GA RB UIO RO BER TA |
Pro xy |
VIR GIN IA R ETI REM EN T S YST EM |
152 .599 |
152 .599 |
0,28 36% |
| GA RB UIO RO BER TA |
Pro xy |
V OY A M UL TI-M AN AG ER INT ERN AT ION AL SM ALL CA P F UN D |
3.65 4 |
3.65 4 |
0,00 68% |
|
|---|---|---|---|---|---|---|
| GA RB UIO RO BER TA |
Pro xy |
W ASH ING TO N S TA TE INV EST ME NT BO AR D |
1.43 2 |
1.43 2 |
0,00 27% |
|
| GA RB UIO RO BER TA |
Pro xy |
WE ST VIR GIN IA I NV EST ME NT MA NA GE ME NT BO AR D |
18.2 81 |
18.2 81 |
0,03 40% |
|
| GA RB UIO RO BER TA |
Pro xy |
WI SDO MT REE EU RO PE HE DG ED SM ALL CA P E QU ITY FU ND |
16.6 30 |
16.6 30 |
0,03 09% |
|
| GA UIO RO TA RB BER |
Pro xy |
SDO RO SM ALL CA WI MT REE EU PE P D IVI DE ND FU ND |
291 .807 |
291 .807 |
0,54 23% |
|
| GA RB UIO RO BER TA |
Pro xy |
WI SDO MT REE IN TER NA TIO NA L S MA LLC AP DIV IDE ND FU ND |
81.0 29 |
81.0 29 |
0,15 06% |
|
| GA RB UIO RO BER TA |
Pro xy |
WI SDO MT REE ISS UE R P UB LIC LIM ITE D C OM PAN Y |
6.66 7 |
6.6 67 |
0,0 124 % |
|
| GA RB UIO RO BER TA |
Pro xy |
ZE BR A G LO BA L L IQU IDI TY AR BIT RA GE FU ND LP |
6.23 1 |
6. 231 |
0,0 116 % |
|
| TO TA L S HA RE S R EPR ESE NT ED IN TH E S HA RE HO LD ER S' M EE TIN G |
4.37 7.25 0 |
35.8 29.4 39 |
40.2 06.6 89 |
74,7 182 % |
||
| NU MB ER OF SH AR EH OL DE RS PR ESE NT IN PE RSO N O R B Y P RO XY |
204 |
Share Capital Euro
| SH AR OL EH DE R |
NO OT S N-V ER |
% | FA VO IN UR |
% | AG AIN ST |
% | AB STA INE D |
% |
|---|---|---|---|---|---|---|---|---|
| LA SCO GL IER A S .P.A |
26.9 66.8 47 |
50, 113 9% |
||||||
| AL CH IMI A S PA |
1.06 5.44 7 |
1,98 00% |
||||||
| BO SON I GE MM A |
3.00 0 |
0,00 56% |
||||||
| BO SSI GI OV AN NI |
1.83 8.64 6 |
3,4 169 % |
||||||
| CA RA DO A G IAN FRA NC O M AR IA NN |
1 | 0,00 00% |
||||||
| CO RSO NI CO LET TA |
1.55 0 |
0,00 29% |
||||||
| FAV ALL I AR RIG O |
1.00 0 |
0,00 19% |
||||||
| FAZ ZIN I CE LSO |
8.00 0 |
0,0 149 % |
||||||
| FIO REN TIN I GI AN LU CA |
20 | 0,00 00% |
||||||
| FIS CO AM ICO |
10 | 0,00 00% |
||||||
| MA DE RN A F RA NC ESC A |
1.07 0.42 2 |
1,98 92% |
||||||
| MA FFE I FA CC IOL I CA RLO FR AN CES CO |
73.2 00 |
0,13 60% |
||||||
| PAN DO LFO FA IZIO BR |
3.40 8 |
0,00 63% |
||||||
| PRE VE CO STR UZ ION I SP A |
1.16 0.00 0 |
2,15 57% |
||||||
| PRE VE RIC CA RD O |
89.0 01 |
54% 0,16 |
||||||
| RO DIN O` D EM ETR IO |
2 | 0,00 00% |
||||||
| STA CC ION E A RTO LBE |
140 .000 |
0,26 02% |
||||||
| 119 9 SE IU H EA LT CA RE EM PLO YE ES PEN SIO N F OU ND |
21.9 48 |
0,04 08% |
||||||
| AC AD IAN IN TER NA TIO NA L S MA LL CA PFU ND |
13.7 28 |
0,02 55% |
||||||
| ADV ANC SER IES UST AS AL GRO H A LLO CAT ION PO OLI O ED TR T PR UDE NTI WT RTF |
34.5 68 |
0,06 42% |
||||||
| ALA SKA PE RM AN EN T F UN D C OR POR AT ION |
2.98 1 |
0,00 55% |
||||||
| AL GE IS F INA NC IAL CO FO BR IN ME UN D |
82.6 86 |
0,15 37% |
||||||
| AL GE BR IS G LO BA L F INA NC IAL MA STE R F OU ND |
29.7 00 |
0,05 52% |
||||||
| AL GE BR IS L ON G O NL Y G LO BA L F INA NC IAL S M AST ER FOU ND |
3.90 8 |
0,00 73% |
||||||
| AL KE N F UN D |
499 .840 |
0,92 89% |
||||||
| AL KE N F UN D |
445 .22 1 |
0,82 74% |
||||||
| ALT RIA CO RPO RA SER VIC ES MA STE TE R R ETI REM |
3.36 3 |
0,00 62% |
||||||
| AN Z W HO LES ALE IN TER N S HA RE NO 4 F OU ND |
45.2 00 |
0,08 40% |
||||||
| AR BO R IN TER NA TIO NA L F UN D |
12.7 25 |
0,02 36% |
||||||
| AR RO WS TRE ET CA PIT AL GL OB AL EQ UIT Y L ON G/S HO RT FEE DE R F UN D L IMI TED |
4.54 5 |
0,00 84% |
||||||
| AR RO WS TRE ET US GR OU P T RU ST |
15.6 61 |
0,02 91% |
||||||
| AX A W OR LD FU ND S |
55.0 00 |
0,10 22% |
||||||
| BG I M SCI EA FE SM ALL CA P E QU ITY IN DE X F UN D B |
6.33 1 |
0,0 118 % |
||||||
| BLA CK RO CK ST ST CO NA DSF OR PLO IN TRU IN V F UN EM YE E B EN EFI T T R |
9.35 4 |
0,0 174 % |
||||||
| BLA CK RO CK IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
16.5 15 |
0,03 07% |
||||||
| BLA CK RO CK IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
27. 105 |
0,05 04% |
||||||
| BLA CK RO CK MS CI W OR LD SM ALL CA P E Q E SG SCR EEN ED IN DE X F UN D B |
627 | 0,00 12% |
||||||
| BLU E R OC K L IQU ID A LPH A F UN D L P N UM ERI C IN VE STO RS LLC |
540 | 0,00 10% |
||||||
| E S GR OU BLU KY P |
57.2 00 |
0,10 63% |
||||||
| BN Y M ELL ON EM PLO YE E B EN EFI T C OLL ECT IVE IN VE STM EN T F UN D P LAN |
55 | 0,00 01% |
||||||
| BO STO N P AT RIO T C ON GR ESS ST LL C C /O P AN AG OR A A SSE T M AN AG EM EN T |
708 | 0,00 13% |
||||||
| BR ICK LA YE RS + T RO WE L T RA DE S IN TER NA TIO NA L P EN SIO N F UN D |
14.8 00 |
0,02 75% |
||||||
| C& J C LA RK PE NSI ON FU ND |
3.97 8 |
0,00 74% |
||||||
| CA OR NIA C E LO ES SY STE LIF PU BLI MP YE RET IRE ME NT M |
15.2 00 |
0,02 82% |
||||||
| CA LIF OR NIA ST AT E T EA CH ER S R ETI REM EN T S YST EM |
330 | 0,00 06% |
||||||
| CA SEY FA MIL Y P RO GR AM S |
6.19 1 |
0,0 115 % |
||||||
| CA TER PIL LA R P EN SIO N P LAN |
31.4 00 |
0,05 84% |
||||||
| CC &L AL L S TRA TEG IES FU ND |
400 | 0,00 07% |
||||||
| CC &L Q M AR KE T N EU TRA L F UN D |
1.50 0 |
0,00 28% |
||||||
| CEL AN ESE AM ERI CA S R ETI REM EN T S AV ING S P LAN |
7.68 7 |
0,0 143 % |
||||||
| CF AC S. I DV WI EX -U. MI FUN D |
265 | 0,00 05% |
||||||
| CG CM IN TER NA TIO NA L E QU ITY IN VE STM EN TS PHI LA DE LPH IA I NT ERN AT |
1.57 9 |
0,00 29% |
||||||
| CH UR CH OF EN GLA ND IN VE STM EN T F UN D F OR PE NSI ON S |
2.19 7 |
0,00 41% |
||||||
| CIT CO R A CT SOL TS CAP AS OF MG D A CCS MS T SE ES O SF M GD ACC S M ST F SER AP1 BK ND NV DUB B B EY IN I TR TEE RV IN R F T HE ND V M |
14.8 00 |
0,02 75% |
||||||
| CIT Y O F L OS AN GE LES FIR E A ND PO LIC E P LAN |
3.29 4 |
0,00 61% |
||||||
| CIT Y O OS AN GE LES E A PO LIC LAN F L FIR ND E P |
1.23 9 |
0,00 23% |
| CIT Y O F L OS AN GE LES FIR E A ND PO LIC E P LAN |
9.40 8 |
0,0 175 % |
||||
|---|---|---|---|---|---|---|
| CIT Y O F M EM PHI S R ETI REM EN T S YST EM |
13.4 70 |
0,02 50% |
||||
| CIT Y O F N EW YO RK GR OU P T RU ST |
1.67 5 |
0,00 31% |
||||
| CIT Y O YO GR OU ST F N EW RK P T RU |
2.15 1 |
0,00 40% |
||||
| CIT Y O F N EW YO RK GR OU P T RU ST |
919 | 0,00 17% |
||||
| CIT Y O F N EW YO RK GR OU P T RU ST |
21.5 23 |
0,04 00% |
||||
| CIT Y O F N EW YO RK GR OU P T RU ST |
12.0 49 |
0,02 24% |
||||
| CO LLE GE RE TIR EM EN T E ITIE S F UN D |
68.9 17 |
81% | ||||
| QU | 0,12 | |||||
| CO ON ALT AN K G RO SUP ERA UA TIO MM WE H B UP NN N |
12.8 82 |
0,02 39% |
||||
| COM MO NW EAL TH OF PEN NSY LVA NIA PU BLI C S CHO OL EM PLO YEE S R ETI REM ENT SY STE M |
3.08 4 |
0,00 57% |
||||
| CO NN ECT ICU T G EN ERA L L IFE IN SUR AN CE CO MP AN Y |
122 | 0,00 02% |
||||
| CO NSO LID AT ED ED ISO N R ETI REM EN T P LAN |
35.5 68 |
0,06 61% |
||||
| CO UN TY EM PLO YE ES AN NU ITY AN D B EN EFI T F UN D O F C OO K C OU NT Y |
11.5 00 |
0,02 14% |
||||
| CPR EU RO HI GH DI VID EN D |
297 .676 |
0,55 32% |
||||
| DE LTA LL OY D A SSE T M AN AG EM EN T N V |
34.4 40 |
0,06 40% |
||||
| PAR T O F S TA LAN DS DE TM EN TE |
8.6 10 |
0,0 160 % |
||||
| DE UT SCH E X -TR AC KE RS MS CI E MU HE DG ED EQ UIT Y E TF |
175 | 0,00 03% |
||||
| DU KE EN ERG Y R ETI REM EN T S AV ING S P LAN |
26. 133 |
0,04 86% |
||||
| EM PLO YE ES` RE TIR EM EN T S YST EM OF TH E C ITY OF BA LTI |
15.3 00 |
0,02 84% |
||||
| EM PLO YE ES` RE TIR EM EN T S YST EM OF TH E C ITY OF BA LTI |
4.60 0 |
0,00 85% |
||||
| SIG EA K A ISO RS INC EN N P DV |
228 .900 |
54% | ||||
| 0,42 | ||||||
| FCP AS TO RG CR OIS SAN CE MID CA P |
10.1 18 |
0,0 188 % |
||||
| FCP GR OU PAM A A VE NIR EU RO |
522 .217 |
0,97 05% |
||||
| FCP RS I EU RO P |
27.0 35 |
0,05 02% |
||||
| FID ELI TY AD V S ER VII I FI DE LIT Y A DV GL B C API TA L A PPR ECI AT ION F |
5.93 5 |
0,0 110 % |
||||
| FLE XSH ARE S M ORN ING STA R D EVE LOP ED MA RKE TS E X-U S FA CTO R T ILT IND EX FUN D |
3.73 5 |
0,00 69% |
||||
| FLO RID A R ETI REM EN T S YST EM |
8.64 1 |
0,0 161 % |
||||
| FLO RID A R ETI REM EN T S YST EM |
9.2 16 |
0,0 171 % |
||||
| FON DS RE SER VE RE TRA ITE S |
182 .512 |
0,33 92% |
||||
| FOU NDL OGI C A LTE RNA TIV ES P LC- MS AL GEB RIS GL OBA L FI NAN CIA LS U CIT S FO UND |
14.5 50 |
0,02 70% |
||||
| GO LD MA N S AC HS FUN DS |
11.6 70 |
0,02 17% |
||||
| GO LD MA N S AC HS INT ERN SM ALL CA P IN SIG HT F |
132 .048 |
0,24 54% |
||||
| AY | ||||||
| GO OF NO VE RN ME NT RW |
102 .152 |
0,18 98% |
||||
| GO VE RN ME NT SU PER AN NU AT ION FU ND |
11.9 96 |
0,02 23% |
||||
| GW +K INT ERN AT ION AL SM ALL CA P F UN D, L .P. |
4.05 0 |
0,00 75% |
||||
| HO SKI NG GL OB AL FUN D P LC |
103 .163 |
0,19 17% |
||||
| HSB C A M T ECH NO LO GIE (C) |
84.2 38 |
0,15 65% |
||||
| 40 1K S P LAN IBM PLU |
15.8 40 |
0,02 94% |
||||
| ILL INO IS M UN ICIP AL RET IRE ME NT FU ND |
18.0 00 |
0,03 35% |
||||
| ILL INO IS S TU DE NT AS SIS TA NC E C OM MIS SIO N |
25.4 00 |
0,04 72% |
||||
| IND IAN A P UB LIC EM PLO YE ES RET IRE ME NT FU ND |
760 | 0,00 14% |
||||
| INT EL CO RP RET IRE ME NT PL AN S M AST ER FUN D |
29.9 00 |
0,05 56% |
||||
| AT ION AL PAP CO CO ING STM T G RO ST INT ERN ER MM LED IN VE EN UP TRU |
3.53 5 |
0,00 66% |
||||
| INV ESC O F UN DS SER IES 4 |
632 .090 |
1,17 46% |
||||
| INV ESC O F UN DS SER IES 4 |
92.3 55 |
0,17 16% |
||||
| INV ESC O G LO BA L S MA LL CA P E ITY PO OL |
16.7 94 |
|||||
| QU | 0,03 12% |
|||||
| INV ESC O P ERP ETU AL GL OB AL SM ALL ER CO . FD |
204 .568 |
0,38 02% |
||||
| IPA C S PEC IN V S TR INT SH AR E S TR NO 9 |
1.28 4 |
0,00 24% |
||||
| ISH AR ES DE VE LO PED SM ALL -CA P E X N OR TH AM ERI CA ET F |
688 | 0,00 13% |
||||
| ISH AR ES HA NC NA TIO NA L S MA CA EN ED IN TER LL- P E TF |
520 | 0,00 10% |
||||
| ISH AR ES VII PL C |
20.0 24 |
0,03 72% |
||||
| J.P. MO RG AN AS SET MA NA GE ME NT LIM ITE D |
84.7 31 |
0,15 75% |
||||
| JOH CM IN TER NA TIO NA L S MA LL CA P E QU ITY FU ND |
76.9 45 |
0,14 30% |
||||
| KE MP EN IN TER NA TIO NA L F UN DS |
276 .387 |
0,5 136 % |
||||
| AFT FO OD S M AST UST KR ER RET IRE ME NT TR |
3.78 3 |
0,00 70% |
||||
| LO CK HE ED MA RTI N C OR POR AT ION MA STE R R ETI REM EN T T RU ST |
13.0 60 |
0,02 43% |
||||
| LO S A NG ELE S C ITY EM PLO YE ES RET IRE ME NT SY STE M |
2.66 9 |
0,00 | ||||
| LO S A NG ELE S C ITY EM PLO YE ES RET IRE ME NT SY STE M |
8.60 4 |
50% 160 |
||||
| 1EH | 0,0 % |
|||||
| LSV E, L SV2 EH E |
3.60 0 |
0,00 67% |
||||
| G IN STM DS (7)- G P AN RO PEA M+ VE EN T F UN M+ EU N D IVI DE ND FU ND |
137 .000 |
0,25 46% |
||||
| MA INS TA Y 1 30/3 0 IN TER NA TIO NA L F UN D |
51.4 29 |
0,09 56% |
||||
| MA RY LAN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
27.6 19 |
0,05 13% |
||||
| MA RY LAN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
3.50 7 |
0,00 65% |
||||
| MA RY LAN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
17.0 00 |
0,03 16% |
||||
| MA STE R T R A GR EE BET WE EN PF IZE R IN C A ND TH E N OR TH ERN TR CO |
12.3 82 |
0,02 30% |
||||
| MD IN TER NA TIO NA L V ALU E F UN D |
4.06 9 |
0,00 76% |
||||
| NA TIO NA QU PO OL MD PIM IN TER L E ITY |
43.9 16 |
0,08 16% |
||||
| ME TZL ER INT ERN AT ION AL INV EST ME NT S P LC |
304 .500 |
0,56 59% |
||||
| MG I FU ND S P LC |
32.2 48 |
0,05 99% |
| MIN IST ER FOR FIN AN CE (ISI F M AN AG ED AN D C ON TRO LLE D B Y N TM A) |
1.95 9 |
0,00 36% |
||||
|---|---|---|---|---|---|---|
| MIS SOU RI L OC AL GO VE RN ME NT EM PLO YE ES RET IRE ME NT SY STE M |
415 | 0,00 08% |
||||
| MS CI E AFE SM ALL CA P P RO V IN DE X S EC CO MM ON TR F |
4.26 4 |
0,00 79% |
||||
| -ST AN AG DS PLC MU LTI YL E, M UL TI-M ER FUN |
29.4 00 |
0,05 46% |
||||
| MU NIC IPA L E MP LO YE ES AN NU ITY AN D B EN EFI T F UN D O F C HIC AG O |
2.42 4 |
0,00 45% |
||||
| MU NIC IPA L E MP LO YE ES AN NU ITY AN D B EN EFI T F UN D O F C HIC AG O |
10.6 00 |
0,0 197 % |
||||
| MU NIC IPA L E MP LO YE ES` RE TIR EM EN T S YST EM OF MI CH IGA N |
9.36 8 |
0,0 174 % |
||||
| NA TIO NA L C OU NC IL F OR SO CIA L S EC FUN D |
1.15 9 |
0,00 22% |
||||
| NA TIO NA SIO N S ICE L P EN ERV |
48.2 00 |
0,08 96% |
||||
| NA TIO NA L P EN SIO N S ERV ICE |
2.16 0 |
0,00 40% |
||||
| NA TIO NA L P EN SIO N S ERV ICE |
7.58 3 |
0,0 141 % |
||||
| NA TIO NA L R AIL RO AD RE TIR EM EN T IN VE STM EN T T RU ST |
18.8 80 |
0,03 51% |
||||
| NA TIO NA L W EST MIN STE R B AN K P LC AS TRU STE E O F K ES STR AT IN V F |
3.40 9 |
0,00 63% |
||||
| NA TIO NW IDE DI VE RSE MA NA GE RS FUN D |
657 | 0,00 12% |
||||
| NE W Y OR K S TA TE TEA CH ER S R ETI REM EN T S YST EM |
9.99 7 |
0,0 186 % |
||||
| NO DA KO TA STA EST BO AR RTH TE INV ME NT D |
17.4 00 |
0,03 23% |
||||
| NO RTH DA KO TA STA TE INV EST ME NT BO AR D |
62.3 54 |
0,1 159 % |
||||
| NO RTH ERN TR UST GL OB AL INV EST ME NT S C OLL ECT IVE FU ND S T RU ST |
16.1 24 |
0,03 00% |
||||
| NT GI- QM CO MM ON DA ILY AL L C OU NT RY WO RLD E |
657 | 0,00 12% |
||||
| NU ME RIC AB SOL UT E R ETU RN FU ND LP NU ME RIC IN VE STO RS LIM ITE D |
12.1 20 |
0,02 25% |
||||
| RIC AB SOL OG UC IAR Y S ICE S L NU ME UT ED RE TU RN FU ND LP IER FID ERV TD |
620 | 0,00 12% |
||||
| NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L IMI TED |
921 | 0,00 17% |
||||
| NUM ERIC MU LTI STR ATE GY MAR KET NEU TRA L LE VER ED O FFS HOR E FU ND LIM ITED ESM MUL OF C /O N UME RIC INV EST ORS LLC |
92 | 0,00 02% |
||||
| NUM ERIC MU LTI STR ATE GY MAR KET NEU TRA L LE VER ED O FFS HOR E FU ND LTD NU MER IC IN VES TOR S LI MIT ED L IAB ILIT Y C OMP ANY |
3.28 0 |
0,00 61% |
||||
| NU ME RIC SO CIA LLY AW AR E M UL TY ST RA TEG Y F UN D L TD |
604 | 0,00 11% |
||||
| RIC SO CIA AW AR TI-S TRA TEG ES MS AM CO RIC STO RS LLC NU ME LLY E M UL Y F UN D L TD MN NU ME IN VE |
32 | 0,00 01% |
||||
| NU ME RIC WO RLD MA RK ET NE UT RA L O NSH OR E F OU ND II L P N UM ERI C IN VE STO RS LLC |
1.44 0 |
0,00 27% |
||||
| OIL IN VE STM EN T C OR POR AT ION LT D |
375 | 0,00 07% |
||||
| OIL IN VE STM EN T C OR POR AT ION LT D. - ES M C /O N UM ERI C IN VE STO RS LLC |
86 | 0,00 02% |
||||
| ON EPA TH GL OB AL SHA RE S - SM ALL CA P U NH ED GE D) IND EX POO L |
156 | 0,00 03% |
||||
| OPT IMI X W HO LES ALE GL OB AL SM ALL ER CO |
10.0 60 |
0,0 187 % |
||||
| OR EG ON PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
80.5 50 |
0,14 97% |
||||
| PAN AG OR A D AM IC G LO BA D A A F YN L E XT EN DE LPH UN D L TD |
4.27 5 |
0,00 79% |
||||
| PEN SIO N R ESE RV ES INV EST ME NT TR UST FU ND |
12.1 51 |
0,02 26% |
||||
| PEN SIO ND AN MA RK PE NSI ON SFO RSI KR ING SAK TIE SEL SKA B |
18.9 90 |
0,03 53% |
||||
| PIM IN VE STM EN TS, IN C |
9.5 17 |
0,0 177 % |
||||
| POL AR CA PIT AL FUN DS PLC POL AR CA AL GL OB AL AN CIA LS ST PIT FIN TRU PL |
20.6 66 200 .000 |
0,03 84% 0,37 17% |
||||
| POL ICE AN D F IRE RE TIR EM EN T S YST EM OF TH E C ITY OF DE TRO IT |
12.8 00 |
0,02 38% |
||||
| POL ICE ME N`S AN NU ITY AN D B EN EFI T F UN D O F C HIC AG O |
7.89 4 |
0,0 147 % |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F M ISS ISS IPI |
7.96 3 |
0,0 148 % |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F O H |
5.24 3 |
0,00 97% |
||||
| LIC PLO ES SY STE M O F O PUB EM YE RET IRE ME NT H |
3.7 13 |
0,00 69% |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F O H |
3.70 3 |
0,00 69% |
||||
| PUB LIC SC HO OL TEA CH ER S` P EN SIO NA ND RE TIR EM EN T F UN D O F C HIC AG O |
11.9 00 |
0,02 21% |
||||
| RA YM ON D J AM ES FIN AN CIA L IN C |
487 | 0,00 09% |
||||
| REG IME DE RE NT ES DU MO UV EM EN T D ESJ AR DIN S |
4.65 3 |
0,00 86% |
||||
| REX AM PE NSI ON PL AN |
8.12 9 |
151 0,0 % |
||||
| RO GE RSC ASE Y T AR GE T S OLU TIO NS LLC |
1.19 5 |
0,00 22% |
||||
| SSE EST CO AN SSE LO RU LL INV ME NT MP Y - RU LL INT ERN DE VE PED MK T F |
6.4 10 |
0,0 119 % |
||||
| RU SSE LL SM ALL ER CO MP AN IES PO OL |
4.74 7 |
0,00 88% |
||||
| SCIE NS G ROU P AL TER NAT IVE STR ATE GIE S PC C LI MIT ED A CTIN G IN RES PEC T OF ITS SIL VER GA MM A CE LL |
1.64 7 |
0,00 31% |
||||
| SEI GL OB AL MA STE R F UN D P LC |
48. 157 |
0,08 95% |
||||
| SEI LU PU S A LPH A P AN EU RO PEA N S MA LL CA P P OO L |
55.2 47 |
0,10 27% |
||||
| SEM PRA ERG SIO AST ST EN Y P EN N M ER TRU |
531 | 0,00 10% |
||||
| SHE LL CO NT RIB UT OR Y P EN SIO N F UN D |
14.4 15 |
0,02 68% |
||||
| SHE LL CO NT RIB UT OR Y P EN SIO N F UN D |
61.9 00 |
0,1 150 % |
||||
| SHE LL TRU ST (BE RM UD A) L IMI TED AS TR UST EE |
1.70 0 |
0,00 32% |
||||
| SHE LL TRU ST (BE RM UDA ) LT D A S TR UST EE OF THE SH ELL OV ERS EAS C.P . FU ND |
13.0 00 |
0,02 42% |
||||
| SHE LL TRU ST (BE RM UDA ) LT D A S TR UST EE OF THE SH ELL OV ERS EAS C.P . FU ND |
5.74 9 |
0,0 107 % |
||||
| SLI GL OB AL SIC AV GL OB AL FOC USE DST RA TEG IES FU ND |
4.13 9 |
0,00 77% |
||||
| SPD R S &P WO RLD (EX -US ) ET F |
7.79 2 |
0,0 145 % |
||||
| SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
5.32 2 |
0,00 99% |
||||
| SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
11.6 79 |
0,02 17% |
||||
| SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
8.5 11 |
158 0,0 % |
||||
| SSG A S PDR ET FS EU RO PE II P UB LIC LIM ITE D C OM PAN Y |
2.26 8 |
0,00 42% |
||||
| STA DS D S TA AR AN OU SE NL IB F UN LIM ITE ND D B K H |
16.8 40 |
0,03 13% |
||||
| STA TE OF ALA SKA RE TIR EM EN T A ND BE NE FIT S P LAN S |
194 | 0,00 04% |
||||
| STA TE UN IVE RSI TIE S R ETI REM EN T S YST EM |
64.6 00 |
0,12 00% |
| STI CH TIN G P EN SIO EN FON DS HO REC A & CA TER ING |
1.15 3 |
0,00 21% |
||||||
|---|---|---|---|---|---|---|---|---|
| STI CH TIN G S HE LL PEN SIO EN FON DS |
72.7 62 |
0,13 52% |
||||||
| STI CH G S SIO FON DS TIN HE LL PEN EN |
32.7 71 |
0,06 09% |
||||||
| TEA CH ER S` R ETI REM EN T S YST EM OF TH E S TA TE OF ILL INO IS |
14.3 00 |
0,02 66% |
||||||
| TEA CH ER S` R ETI REM EN T S YST EM OF TH E S TA TE OF ILL INO IS |
10.1 18 |
0,0 188 % |
||||||
| TEX TRO N IN C. M AST ER TRU ST |
41.2 00 |
0,07 66% |
||||||
| TH E B OE ING CO MP AN Y E MP LO YE E R ETI REM EN T P LAN S M T |
7.26 4 |
0,0 135 % |
||||||
| TH E R ETI REM EN T B EN EFI T T RU ST OF TH E R .R. DO NN ELL EY & SON S C O. |
39.3 00 |
0,07 30% |
||||||
| TH E R OC KE FEL LER FO UN DA TIO N |
4.75 0 |
0,00 88% |
||||||
| E S TA OF CO ECT ICU T A CTI NG RO UG S T REA SUR TH TE NN TH H IT ER |
3.49 9 |
0,00 65% |
||||||
| TH RIV EN T P AR TN ER WO RLD WID E A LLO CA TIO N F UN D |
20.3 22 |
0,03 78% |
||||||
| TH RIV EN T P AR TN ER WO RLD WID E A LLO CA TIO N P OR TFO LIO |
40. 870 |
0,07 60% |
||||||
| ASU OF E ST ATE OF NO CAR OLI NAE QUI EST OOL TRE RER TH RTH TY INV ME NT FUN D P ED |
16.5 00 |
0,03 07% |
||||||
| TRI NIT Y H EA LTH CO RPO RA TIO N |
3.50 0 |
0,00 65% |
||||||
| EA NSI ON AN TRI NIT Y H LTH PE PL |
3.40 0 |
0,00 63% |
||||||
| TW O S IGM A A BSO LU TE RET UR N P OR TFO LIO LL C C OR POR AT ION SE RV ICE CO MP AN Y |
4.03 5 |
0,00 75% |
||||||
| TW O S IGM A E QU ITY PO RTF OLI O, L LC |
5.4 16 |
0,0 101 % |
||||||
| TW O S IGM A S PEC TRU M P OR TFO LIO , LL C |
5.6 16 |
0,0 104 % |
||||||
| UA W R ETI REE ME DIC AL BEN EFI TS TRU ST |
324 | 0,00 06% |
||||||
| S E UB TF |
1.11 1 |
0,00 21% |
||||||
| UN ISU PER |
26.4 69 |
0,04 92% |
||||||
| UN IVE RSA L IN VE ST BA YV K A 1 FO ND S |
79.7 00 |
0,14 81% |
||||||
| UP S G RO UP TRU ST |
4.19 9 |
0,00 78% |
||||||
| UT AH ST AT E R ETI REM EN T S YST EM S |
1.01 2 |
0,00 19% |
||||||
| VA ILS BU RG FU ND LL C |
15.5 00 |
0,02 88% |
||||||
| VA NG UA RD IN TER NA TIO NA L S MA LL CO MP AN IES I |
2.5 16 |
0,00 47% |
||||||
| VA NG UA STM T S ES, C RD IN VE EN ERI PL |
2.80 0 |
0,00 52% |
||||||
| VFM GL OB AL SM ALL CO MP AN IES TR UST |
19.9 71 |
0,03 71% |
||||||
| VIR GIN IA R ETI REM EN T S YST EM |
9.03 9 |
0,0 168 % |
||||||
| VIR GIN IA R ETI REM EN T S YST EM |
143 .560 |
0,26 68% |
||||||
| VO YA MU LTI -MA NA GE R IN TER NA TIO NA L S MA LL CA P F UN D |
3.65 4 |
0,00 68% |
||||||
| WA SHI NG TO N S TA EST BO AR TE INV ME NT D |
1.43 2 |
0,00 27% |
||||||
| WE ST VIR GIN IA I NV EST ME NT MA NA GE ME NT BO AR D |
18.2 81 |
0,03 40% |
||||||
| WIS DO MT REE EU RO PE HE DG ED SM ALL CA P E QU ITY FU ND |
16.6 30 |
0,03 09% |
||||||
| WIS DO MT REE EU RO PE SM ALL CA P D IVI DE ND FU ND |
291 .807 |
0,54 23% |
||||||
| WIS DO MT REE IN TER NA TIO NA L S MA LLC AP DIV IDE ND FU ND |
81.0 29 |
0,15 06% |
||||||
| WIS DO ISS LIC D C OM PAN MT REE UE R P UB LIM ITE Y |
6.59 2 |
0,0 123 % |
||||||
| WIS DO MT REE ISS UE R P UB LIC LIM ITE D C OM PAN Y |
75 | 0,00 01% |
||||||
| ZEB RA GL OB AL LIQ UID ITY AR BIT RA GE FU ND LP |
6.23 1 |
0,0 116 % |
||||||
| TO TA L |
0 | 0,00 00% |
40. 115 .174 |
74,5 481 % |
0 | 0,00 00% |
91.5 15 |
0,17 01% |
pursuant to article 123-ter of the Italian Consolidated Finance Act
Document approved by the Board of Directors during the session held on 18th February 2015
Banca IFIS S.p.A. – Registered office in Via Terraglio 63, 30174 Venice–Mestre – Registration number in the Companies Register of Venice and Tax Code 02505630109 – VAT number 02992620274 – REA (Administrative Economic Index) number: VE - 0247118 – Share capital Euro 53,811,095 – Register of Banks no. 5508 - Parent Company of the Banca IFIS Banking Group S.p.A., enrolled in the register of Banking Groups – Member of the Interbank Deposit Protection Fund, of the Italian Banking Association, of the Italian Factoring Association, of Factors Chain International
| Provisions applicable to the Banca IFIS banking Group 5 | |||
|---|---|---|---|
| Composition of the Banca IFIS Banking Group 7 | |||
| Business areas of the Banca IFIS Banking Group 7 | |||
| 1. | SECTION I 9 Organs and individuals involved in the preparation, approval and implementation of the |
||
| remuneration policies 9 | |||
| 1.1 | Role of the Shareholders' Meeting 9 | ||
| 1.2 | Role of the Board of Directors 9 | ||
| 1.3 | Role of Senior Management 11 | ||
| 2. | Composition, competencies and operation of the Remuneration Committee 11 | ||
| 3. | Independent experts involved in preparation of the remuneration policy 14 | ||
| 4. | Purposes and principles of the remuneration policy 15 | ||
| 4.1 | Purposes pursued with the remuneration policy 15 | ||
| 4.2 | The principles and content of the policies established for 2014 15 | ||
| 4.2.1 | Principles approved by the Shareholders' Meeting of 217th April 2014 15 | ||
| 4.2.2 | Self-assessment process of "most important personnel" 17 | ||
| 4.2.2.1 | "Most important personnel" of the Parent Company 17 | ||
| 4.2.2.2 | "Most important personnel" of subsidiary companies 18 | ||
| 4.2.3 | Directors' remuneration 18 | ||
| 4.2.4 | Most important personnel of the control departments 23 | ||
| 4.2.5 | Additional most important personnel of the Parent Company 24 | ||
| 4.2.6 | Most important personnel of subsidiary companies 25 | ||
| 4.2.7 | The remuneration of non-employee collaborators 25 | ||
| 4.3 | Policy changes for 2015 27 | ||
| 4.3.1 | Remuneration of the CEO 28 | ||
| 4.3.2 | Remuneration of executives with strategic responsibilities 29 | ||
| 5. | Non-monetary benefits 33 | ||
| 6. | Performance goals under which the variable components are allocated 34 |
| 7. The evaluation criteria underpinning the allocation of shares, options and other financial instruments or other variable components of remuneration 34 |
|
|---|---|
| 8. Consistency of the remuneration policy with pursuit of the long-term interests and risk management policy 35 |
|
| 9. Vesting period, deferred payment systems, ex post correction mechanisms 35 |
|
| 10. Provision for maintenance in the portfolio of the financial instruments 35 |
|
| 11. Payment provided in case of cessation from the assignment or termination of the employment relationship 35 |
|
| 12. Insurance, social security or retirement benefits, other than those required 35 |
|
| 13. Remuneration policy with reference to independent directors, to participation in committees and to the performance of specific tasks 36 |
|
| 14. Criteria used for selection of the companies that are used as a reference for definition of the remuneration policies 36 |
|
| SECTION II 37 | |
| 1. Part One 37 |
|
| 1.1 Entries that compose the remuneration 37 |
|
| 1.2 Further information on the consistency of fees with the remuneration policy 38 |
|
| 2. Second part: compensation paid in 2014 42 |
|
| Table 1: remuneration paid to members of the administration and audit bodies, to the general managers and to the other executives with strategic responsibilities (figures in thousands of euro) 42 |
|
| Other tables: monetary incentive plans for members of the board, general managers and other executives with strategic responsibilities 46 |
|
| SCHEME RELATING TO THE SHAREHOLDINGS OF DIRECTORS, STATUTORY AUDITORS, OF THE GENERAL MANAGER AND OF THE OTHER MANAGERS WITH STRATEGIC RESPONSIBILITIES 47 |
|
| Table 1: shareholdings of members of the organs of administration and audit and of the general managers 47 |
|
| Table 2: shareholdings of other managers with strategic responsibilities 48 |
Dear Shareholders,
Pursuant to art. 123 ter of Legislative Decree 24th February 1998 no.58 (Consolidated Finance Act), you are called to decide for or against Section I of this report.
With this document the Board of Directors of Banca IFIS S.p.A. aims to comply with the abovementioned law referred to in art. 123 ter of the Consolidated Finance Act, the banking regulations and the self-regulatory rules contained in the Self-Governance code for listed companies, as specified below.
In particular, in light of the possibility given in Annex 3A, Scheme No 7-bis of the "Issuer's Regulations", to comply, in a single document, with the regulations referred to in art. 123 ter of the Consolidated Finance Act and with the Supervisory Provisions of the Bank of Italy with regard to remuneration, this report includes additional information, in aggregate form, on so-called "Risk Takers" not included within the scope of the afore-mentioned Consolidated Finance Act article. With regard to the incentive plans based on financial instruments, detailed information is supplied with reference to the information contained in the Information Document concerning remuneration plans based on financial instruments (pursuant to article 114 bis of the Consolidated Finance Act and article 84 bis of the Consob Issuer Regulations) available on the website www.bancaifis.it Information about the requirements of reporting to the public pursuant to the Supervisory Provisions for banks – Circular 285 of 17th December 2013 – on corporate governance, can be found in the report on corporate governance and information about the ownership structures that can be found on the Bank's website http://www.bancaifis.com/Corporate-Governance/Corporatedocuments
The provisions applicable to the Banca IFIS banking Group concerning remuneration and incentive systems can be summarised as follows:
added to the Issuer's Regulations art. 84 quater (Remuneration Report) on the obligation to make available to the public the afore-mentioned Report on remuneration in accordance with the new "Scheme 7 bis" of Annex 3 of the Issuer's Regulations; this scheme provides that if banks and insurance companies "with a single document aim to comply with the regulation referred to in art. 123 ter of the Consolidated Finance Act and with the industry regulations, they may also include in the Remuneration Report ... information, in aggregate form, on risk-takers not included within the scope of art. 123 ter of the Consolidated Finance Act";
29th July 2009 and subsequent amendments and integrations that involve, inter alia, the adoption of forms of remuneration and evaluation of sales personnel that do not constitute an incentive to market inappropriate products in relation to the financial needs of customers;
The Banca IFIS banking group is currently made up of the Parent Company Banca IFIS S.p.A. and by the wholly owned subsidiary IFIS Finance Sp. z o.o. with registered office in Warsaw (Poland).
The activity of the banking group is currently divided into the following operating areas:
factoring, in Italy and abroad; the activity abroad is carried out either through the internal structures of the Parent Company (International Area) or through the IFIS Finance subsidiary; the offer of financial support and credit management is primarily aimed at the segment of Small and Medium-sized Enterprises; the task of buying outright mainly concerns receivables from the institutions of the National Health Service providers;
On the basis of the information provided in Annex 3A, Scheme No. 7-bis of the Issuer's Regulations, "....with reference to members of the administrative bodies, to the general managers and to the other managers with strategic responsibilities ... ", this section illustrates the remuneration policy of the Banca IFIS Banking Group and the procedures used for the adoption and implementation of this policy.
Additional information is provided, in particular on the policy regarding the "most important personnel" (as provided by the banking sector regulation) in order to include in this document information about the "risk-takers" not included within the scope of art. 123 ter of the Consolidated Finance Act.
The role of corporate Bodies, of control departments and of other corporate departments is described in the By-Laws and/or in the corporate rules and complies with the regulatory requirements of the Bank of Italy as summarised below.
The Ordinary General Meeting, in accordance with art. 10 of the By-Laws, "in addition to establishing the remuneration of the bodies it has appointed, approves:
The Shareholders' Meeting is adequately informed on the implementation of the remuneration policies".
The Board of Directors, as decided by the Shareholders ' Meeting of 30th April 2013, is composed as follows:
Francesca Maderna (Independent Director);
Andrea Martin;
The Board of Directors adopts and reviews annually the remuneration policy, including for the purposes of reporting and the formulation of proposals to the Shareholders' Meeting.
During the investigation, the Board used its own internal Committee as specified below. It is the responsibility of this Committee to ensure the involvement of the corporate departments in the process of preparation and control of the remuneration policies and practices. The main departments of the Parent Company involved are the Human Resources Area and the Strategic Planning and Management Audit departments for the preparation and implementation and, for the profiles of consultancy and of audit, the Risk Management, the Compliance and Anti-Money Laundering department and the Internal Audit department.
The Board of Directors defines the remuneration and incentive systems of the "most outstanding staff," according to the findings of the self-assessment process performed from time to time by the Board itself, falling within the following categories:
directors with executive duties;
The General Manager and managers of the main business lines, corporate departments or geographic areas, in addition to those who report directly to the bodies with functions of strategic supervision, management and control;
higher level managers and personnel of internal control departments.
Within the context of employees, the managers with strategic responsibilities of Banca IFIS, as at the date of preparation of the financial statements, are:
the General Manager
the Appointed Manager for preparation of the accounting and corporate documents.
With reference to art. 14 of the By-Laws, "the following resolutions are the exclusive competence of the Board of Directors:
Senior Management (consisting of the CEO and the General Manager) oversees the practical implementation of the remuneration policy.
With reference to art. 17 of the By-Laws "The General Manager overseas implementation of the directives of management of the CEO and assists in implementation of the resolutions of the Board of Directors".
The preparation of this chapter also takes into account the format of Borsa Italiana S.p.A. for the Report on corporate governance and ownership structure pursuant to art. 123 bis of the Consolidated Finance Act.
During 2014 the Board of Directors approved the transformation of the Appointments and Remuneration Committee into two autonomous bodies, thereby creating the Appointments Committee and the Remuneration Committee, approving the relevant regulations.
The Remuneration Committee is composed of three members chosen from among the nonexecutive members of the Board of Directors of the Parent Company, the majority of whom are independent; the composition outlined by the Board of Directors on 3rd February 2015 identifies the following participants: the director Andrea Martin (non-executive and non independent), the director Francesca Maderna (independent and non-executive) as Chairman, the director Daniele Santosuosso (independent and non-executive).
The Board, with reference to the curricula vitae of the members, expressed a conformity assessment on the composition of the Body with respect to the regulatory provisions, in particular with regard to the adequate knowledge and experience matured in financial matters and remuneration policies by Ms. Francesca Maderna.
The Committee remains in Office for three years and meets regularly, also via video link/phone, whenever required in relation to the tasks conferred to it.
The current Regulations stipulate that the Chairman of the Board of Statutory Auditors of the Parent Company or another auditor designated by him from time to time must participate in the work of the Committee; the other members of the Board of Statutory Auditors may in any case participate. The CEO and the General Manager of the Parent Company may also participate, where they are not addressing the issues that involve them, with the prohibition, for the other
directors, to take part in meetings of the Committee at which the proposals to the Board of Directors relating to their remuneration are formulated. The Chairman of the Committee evaluates, in relation to the topics to be addressed, the opportunity to allow participation of the Risk management department in order to ensure that the incentive scheme systems are adequately correct to take account of all the risks assumed by the banking Group, according to the methodologies that are consistent with those adopted for risk management for regulatory and internal purposes. The Committee may request the presence:
The Committee assesses at least once a year the adequacy, the overall coherence and the practical application of the Group's remuneration policy approved by the Shareholders' Meeting of the Parent Company. With the same minimum frequency, the Committee reports to the Board of Directors and to the Shareholders' Meeting of the Parent Company on the activities carried out. The Chairman or at least one member of the Committee must be present at the Shareholders' Meeting.
The Committee is responsible for the following tasks relating to remuneration:
to monitor directly the correct application of the rules relating to the remuneration of managers of internal audit departments within the Parent Company and the other companies of the Group, in close connection with the Board of Statutory Auditors;
to oversee the preparation of the documentation to be submitted to the Board of Directors of the Parent Company for its decisions;
Each meeting of the Committee is minuted and recorded in the relevant register of minutes.
The Committee may access all the company information relevant to the conduct of its duties and has financial resources (60,000 Euro), that can be activated independently and with the requirement to report on the possible use of funds at least once a year, usually during examination of the report on corporate governance and ownership structure.
In 2014 the Committee met 5 times. The meetings were preceded by exchanges between the members and/or the prior individual examination of the documentation. The average duration of the meetings was approximately forty minutes. The Committee did not make use of the services of external consultants.
All the members in office participated in the meetings held in 2014. The CEO attended the meetings, where the discussion of issues that concerned him was not envisaged. The Chairman of the Board of Statutory Auditors and on one occasion additionally another auditor also attended the meetings.
During those meetings, the Committee expressed its evaluations in relation to:
It was not necessary to make available to the Committee specific financial resources for the performance of its duties.
In 2015 a meeting has already been held on the investigation conducted by the corporate structures for the purposes of verifying and updating the self-assessment document of the "most important personnel".
At least two more meetings of the Committee were also planned in order to express its evaluations (in time for discussion by the Board of Directors and/or by the Shareholders' Meeting):
No independent experts were involved in the preparation of the remuneration policy of the Banca IFIS Banking Group.
Adequate mechanisms of remuneration and incentive scheme of the directors and of management can promote competitiveness and good governance. The remuneration, especially of those that have major roles within the Bank, tends to attract and retain within the company individuals with professionalism and capacity adequate to the needs of the Banca IFIS Banking Group.
At the same time, the remuneration systems must not be contrary to the corporate objectives and values, the long-term strategies and policies of prudent risk management of the Bank in line with what has been defined within the context of the provisions on the supervisory control process.
The remuneration and incentive scheme of the Banca IFIS Banking is inspired by the following principles:
The contents of the document "Remuneration policy for representatives, employees and collaborators of the Banca IFIS S.p.A. Banking Group" approved by the Shareholders' Meeting of 30th April 2013 were adjusted in 2014 as part of its "Report on remuneration in accordance with article 123 ter Consolidated Finance Act" subject to the approval of the Shareholders' Meeting of 17th April 2014 (hereinafter the "Report").
The "Report" is available on the Bank's website in the section "Corporate governance" path > Shareholders' Meeting > 2014) together with the minutes of the Shareholders' Meeting of 17th April 2014, pursuant to art.125 quater of Consolidated Finance Act.
The Group's remuneration policies approved by the Shareholders' Meeting, taking into account the proportionality criteria relating to the characteristics, size and complexity of the activity being carried out, contained a number of adjustment proposals concerning the variable part of the remuneration of "more relevant" staff, particularly with regard to the CEO and the General Manager (increase of the part deferred from 40% to 60% if the variable is equal to or greater than 50% of the fixed part and the payment of 50% of the variable part in shares) and approval of a remuneration plan based on assignment of IFIS Bank shares to a number of corporate figures, described in the information document prepared pursuant to art. 114 bis of Consolidated Finance Act and its implementing standards (article 84 bis of the Issuer's Regulations) and made available to the shareholders under the terms of law.
The policies were defined taking into account the criteria of proportionality related to the characteristics, size and complexity of the work being performed. In this context, the following elements are of particular importance:
eligible securities at the Central European Bank mainly having a residual life of less than two years is under a run off system.
The remaining activities, by type, size and/or management mode, do not contain elements of relevant risk in the medium term.
These considerations affect the:
The Bank requires its employees not to use personal hedging strategies or insurance on remuneration or on other aspects that may alter or impact on the risk alignment effects inherent in the compensation mechanisms applied to them
According to the findings of the self-evaluation process conducted by the Board of Directors in March 2014, the following categories constitute the most important personnel:
The additional resources of the Departments/Areas listed above do not fall within the scope of the "most important personnel", regardless of their contractual framework, or the higher level
managers or personnel of other corporate Departments or Areas as the activities carried out by the same, and more generally by the structures for which they are responsible, although not alien to generating and managing risks, are performed with a view to containing the same and/or to supporting the company's operations also transversally to other structures. More precisely, not valid for the purposes of identification of the "most important personnel" are:
The "most important personnel" are normally the Directors with executive tasks of subsidiaries. While taking into account the marginal dimensions of the subsidiary and the contained level of effect on the overall Group risk, both the IFIS Finance administrators SP. z o.o. directors fall within the category of the most important personnel.
The preparation of this paragraph also takes into account the format of Borsa Italiana S.p.A. for the Report on corporate governance and ownership structures pursuant to art. 123 bis of Consolidated Finance Act.
The policy for the remuneration of executive directors or of directors vested with particular tasks is defined in accordance with the criteria provided for by the self-governance code for publicly traded companies (Application criterion 6.C.1. et seq.), in particular:
that portion and the duration of deferral are consistent with the nature of the business performed, with the related risk profiles and with the sector discipline (the Supervisory Provisions of the Bank of Italy);
Since 2009 the General Shareholders' Meeting has been called to decide once a year the remuneration policy, then receiving adequate feedback on its implementation.
The shareholders, with resolution of 17th April 2014, approved a remuneration plan based on the assignment of IFIS Banca shares for a number of corporate figures. The plan is described in the information document prepared pursuant to art. 114 bis of Consolidated Finance Act and its implementing rules (article 84 bis of the Issuer's Regulations) and was made available to the shareholders under the terms of law. The issuance of new plans, in accordance with the By-Laws, subject to the approval of the Shareholders' Meeting.
The remuneration of the CEO involves, in addition to a fixed recurring fee, a variable part whose payment is conditional on the verification that, at 31st December of the reference year, the "total share capital" is not lower than the "overall internal capital" in the "ICAAP report" to be transmitted annually to the Bank of Italy. The variable portion is equal to 1.5% of the Bank's consolidated result gross only of the taxes pertaining to the financial year, for the part exceeding 40 million euro. In any case, the incidence of the variable component on the fixed component is identified according to the 1:1 maximum ratio.
The variable remuneration in excess of 50% of the fixed salary is considered to be a particularly high amount; in this case the percentage to be deferred, ordinarily already fixed at 40% of the variable portion, is 60%.
The share of deferred variable remuneration of the CEO is subject to a deferment of three years and does not take place if:
during the period of deferral the CEO has voluntarily waived the office or the Shareholders' Meeting has approved termination for just cause.
The allocation of the variable portion of the remuneration takes place upon occurrence of the conditions necessary for its granting (grant date).
The variable up-front remuneration is then allocated and paid after approval of the financial statements and of the ICAAP report relating to the financial year closed on 31st December of the previous year. 50% of the same is paid in shares of the Bank subject to a retention period 1 of two years. The number of shares to be allocated is calculated by taking as the fair value of the share the stock price average from 1st to 30th April of the year of allocation and payment.
The variable up-front compensation is subject to full recovery (claw back) in the case where in the year following attribution of the variable remuneration, the right to receive the variable component of the remuneration has not been matured.
The variable remuneration subject to a deferral period (vesting period) is the subject of annual reassessment at the legal rate from time to time in force. The same is allocated and paid after the period of deferral of three years after approval of the financial statements and of the ICAAP report for the financial year of reference and upon occurrence of the conditions provided. 50% of the same is paid in shares of the Bank subject to a retention period2 of one year. The number of shares to be allocated is calculated by taking as the fair value of the share the stock price average from 1st to 30th April of the year of allocation and payment.
The amount of variable remuneration due to the CEO is however subject to compliance with the overall limit for the compensation of the Board of Directors established by the Shareholders' meeting, from which will be deduced on a priority basis all the other remuneration which the Board decides to assign to other members in any manner.
The remuneration of the Deputy Chairman is composed of a fixed recurring fee established by the Board of Directors upon proposal of the Remuneration Committee. The substantial absence of managerial powers within the context of the tasks conferred to it leads to considering appropriate remuneration not related to the achievement of specific performance objectives.
The General Manager's remuneration consists of a comprehensive annual salary (RAL) and a variable remuneration, whose payment is contingent on verification that, at 31st December of the
1 Period during which there is a prohibition on the sale of shares
2 Period during which there is a prohibition on the sale of shares
reference year, the "total capital" is not lower than the "overall internal capital" in the "ICAAP report" to be transmitted annually to the Bank of Italy. The variable portion is equal to 0.75% of the Bank's consolidated result gross only of the taxes pertaining to the financial year, for the part exceeding 40 million euro. In any case, the variable component may not exceed 60% of the RAL.
It is considered to be a particularly high amount the variable remuneration in excess of 50% of the fixed salary; in this case, the variable salary percentage to be deferred, ordinarily already fixed at 40% of the variable portion, will be 60%.
The share of deferred variable remuneration of the General Manager is subject to a deferral of three years and does not take place if:
The assignment of the variable portion of the remuneration takes place upon occurrence of the conditions necessary for its granting (grant date).
The variable up-front remuneration is then allocated and paid after approval of the financial statements and of the ICAAP report relating to the financial year closed on 31st December of the previous year. 50% of the same is paid in shares of the Bank subject to a retention period3 of two years. The number of shares to be allocated is calculated by taking as the fair value of the share the stock price average from 1st to 30th April of the year of allocation and payment.
The variable up-front compensation is subject to full recovery (claw back) in the case where in the year following attribution of the variable remuneration, the right to receive the variable component of the remuneration has not been matured.
The variable remuneration subject to a deferral period (vesting period) is the subject of annual reassessment at the legal rate from time to time in force. The same is allocated and paid after the period of deferral of three years after approval of the financial statements and of the ICAAP report for the financial year of reference and upon occurrence of the conditions provided. 50% of the
3 Period during which there is a prohibition on the sale of shares
same is paid in shares of the Bank subject to a retention period4 of one year. The number of shares to be allocated is calculated by taking as the fair value of the share the stock price average from 1st to 30th April of the year of allocation and payment.
The amounts subject to temporal deferral are re-evaluated annually at the legal rate from time to time in force.
The remuneration of the only other Manager with strategic responsibilities identified in addition to the General Manager consists of a recurring fixed fee and a variable part determined by the Board of Directors upon a proposal from the Remuneration Committee. The variable portion is not significant in relation to the remuneration and is not linked to the achievement of specific performance objectives in consideration of assignment to the same of responsibility of an audit function.
Determination of the remuneration of managers with strategic responsibility was decided in accordance with the remuneration policy established by the Shareholders' Meeting.
The Appointed Manager for the preparation of the corporate accounting documents and the Manager of the Internal Audit Department (in addition to the other Audit Department Managers) are excluded from the stock options plans, in accordance with the relevant supervisory provisions.
Any variable components of the remuneration of the Manager of the Internal Audit Department and of the Appointed Manager (as is the case with the other Managers of the audit departments) are submitted for the approval of the Board of Directors following the opinion of the Remuneration Committee.
The remuneration of non-executive directors is not linked to the financial results achieved by the Bank. Those directors are also not recipients of share-based incentive plans. There is also reimbursement of expenses incurred by reason of their office.
4 Period during which there is a prohibition on the sale of shares
The Bank has not entered into agreements with directors that provide compensation in the event of resignation or dismissal/termination without just cause or if their employment ceases as a result of a takeover bid (art. 123 bis, paragraph 1, letter i) of the Consolidated Finance Act). Currently there is no compensation in the event of termination from office or termination of employment for Managers with strategic responsibilities.
As a general rule, the company does not enter into agreements that govern ex-ante the possible early termination of the relationship upon the initiative of the Company or of the individual, (including cases of early termination of the relationship of directors or due to its non-renewal) without prejudice, in any case, to the obligations of the law and/or of the Collective Labour Agreement.
The "most important personnel" of the audit departments have been identified as the Internal Audit Department Managers, the Compliance and Anti-money Laundering Department, the Risk Management Department and the Human Resources Area in addition to the Appointed Manager.
The Remuneration Committee holds an advisory and proposal role regarding remuneration for managers of internal audit departments.
Payments must be of a level that is adequate to the significant responsibilities and commitment associated with the role carried out.
In determining the compensation are in any case excluded incentive scheme mechanisms linked to the financial performance both of Banca IFIS and of the Group as a whole. The managers of the audit departments are therefore excluded from any stock option plans.
During recruitment, without prejudice to the consultative and proposal role of the Remuneration Committee, determination of remuneration is attributable to:
At least annually the Committee analyses the individual positions and in consultation with the CEO and the General Manager with reference to the Managers of the Departments in staff to the same:
During evaluation, are taken into consideration the level of risk protection, any problems that have arisen in that regard, the individual salary situation in recent years and any additional element in this context considered useful for the overall assessment.
| Fixed remuneration | Variable remuneration |
|---|---|
| maximum % increase on the previous year's | % maximum on the previous year's RAL, |
| RAL | regardless of any company award paid with |
| generalised criteria | |
| 20% | 15% |
Falling within this category are the Managers of the main business lines are company department Managers and the other employees of the Parent Company including, upon the outcome of the self-assessment process, within the context of the "most important personnel" and not belonging to the category are managers of internal audit departments.
The Remuneration Committee has a consultative role in determining the remuneration criteria that are subject to examination by the Board of Directors annually.
During recruitment, the remuneration of this staff is defined by the CEO who undertakes to inform the Committee at the first possible meeting.
Subsequent interventions on a fixed and/or variable remuneration are defined by the CEO under the criteria specified below. At least on an annual basis the CEO informs the Committee on the decisions taken.
While in the context of evaluation that is purely qualitative in character, access to the variable part (to be paid upon approval of the financial statements for the year) is subject to exceeding of the minimum limits specified below for the following quantitative parameters:
Failure to achieve either or both parameters results in resetting of any variable remuneration.
Upon the outcome of the qualitative assessment (regarding variable remuneration) and/or on the basis of additional elements (with regard to fixed remuneration), provided that the quantitative parameters defined ex ante are respected, the CEO determines the remuneration within the following maximum percentage values.
The same rules of deferral and partial payment in treasury shares of the Bank are applied, stated above, where the variable remuneration is greater than 33% of the RAL of the General Manager.
| Fixed remuneration | Variable remuneration |
|---|---|
| maximum % increase on the previous | % maximum on the previous year RAL, regardless of |
| year's RAL | any the company award paid with generalised criteria |
| 20% | 80% |
| Fixed remuneration | Variable remuneration |
|---|---|
| maximum % increase on the previous | % maximum on the previous year's RAL, regardless of |
| year's RAL | any company award paid with generalised criteria |
| 20% | 50% |
The actual IFIS Finance Sp. z o.o. directors, falling into the category of most important personnel of the Parent Company, do not receive remuneration from the Subsidiary. In general terms, it is in any case expected that any fees for administrative or supervisory positions covered by employees of the Parent Company are repaid to the same.
The Group may also use non-employee collaborators whose relationships can largely be grouped into two contractual forms:
For consultancy contracts appointments can be awarded ad personam with the content of the activity of consultancy, the fee (or the criteria for determining the same) and its method of payment.
Project contracts may be concluded with persons to whom is entrusted, without any bond of subordination, the task of realising certain specific projects with definition of the contents, the results expected and the implementation time.
The remuneration for these types of contract is determined in close connection with the profit derived from the work of those offering their services considering the professionalism of staff, the complexity of the service and the market rates of reference.
The third paragraph of art. 123 ter of the Consolidated Finance Act states that the first section of the report on the remuneration must illustrate:
The change needs for 2015 are:
The new regulation is applicable starting from the remuneration policies for 2015; it is expressly provided that until full adaptation to the new provisions, the intermediaries must comply with the measures established in the Provision of 30th March 2011.
In this perspective the remuneration policies and incentives are submitted for the approval of the Shareholders' Meeting convened to approve the 2014 financial statements.
The remuneration of the CEO involves, in addition to a recurring fixed fee, a variable part equal to 1.5% (the so-called percentage) of the Bank's consolidated result gross only of the taxes pertaining to the financial year, for the part exceeding 40 million euro, which is correct in turn for the ratio between the 5 Group final balance sheet RORAC (return on risk adjusted capital)6 and the Group prospective RORAC7 , in formula:
$$
Variable = [1.5\% * (Utile\text{ Ante Imposte}{Periodo} - 40.000.000)] * \left(\frac{RORAC{consumtivo}}{RORAC_{prospettico}}\right)
$$
(A)
In any case, the incidence of the variable component on the fixed component is identified according to the 1:1 maximum ratio.
Where the variable remuneration amount is not particularly high, 8 the percentage of the variable part to be deferred is set at 40% for a period of 3 years.
The share of deferred variable remuneration of the CEO is subject to the following mechanisms of malus, which must be reduced to zero, ex-post the so-called percentage applied in the formula (A) according to the criteria listed in the following table. These policies have occurred in each of the three financial years 9 closed after determination of the variable component (accrual period).
| Total Solvency ratio | |||||||
|---|---|---|---|---|---|---|---|
| <10.5% | 10.5%< <11.5% | 11.5%< 12.5% >12.5% | |||||
| ≥ 15% | ‐100.0% | ‐‐‐ | ‐‐‐ | ‐‐‐ | |||
| RORAC | 10%< < 15% ‐100.0% | ‐30.0% | ‐20.0% | ‐10.0% | |||
| < 10% | ‐100.0% | ‐40.0% | ‐30.0% | ‐20.0% |
Furthermore the share of variable compensation of the CEO is subject to claw back, with reference to the recognised and/or paid part, if the same has determined or led to determining:
5Indicator calculated as the ratio between Net Profit for the period and Absorbed Capital for first pillar risks. Elements are not to be considered in the calculation that derive from extraordinary operations such as: capital gains, corporate mergers, splits, acquisitions or in any case other non-recurring operation that the Board of Directors may deliberate and that is likely to change the value of the indicator.
6The reference period is the same as for the one for objective RORAC (ex-ante measurement).
7Industrial plan defined with 12 months horizon.
8 The Bank considers a particularly high amount the variable remuneration that exceeds the fixed remuneration.
9 A condition sufficient for application of the corrective factors listed in the table is the occurrence of these same conditions in at least one of the three years of observation (accrual period).
In addition, the mechanism of claw back is also applied if the Ratio of Total Funds available10 is less than the statutory threshold from time to time in force.
The variable component will not be paid if during the period of deferment the Shareholders' Meeting has approved termination of the appointment for just cause.
These policies have occurred in each of the three financial years (accrual period) closed after determination of the variable component applicable to the occurrence of the above conditions.
The variable up-front compensation is therefore payable upon approval of the financial statements for the year ended on 31st December of the previous year. 50% of this is paid in shares of the Bank subject to a retention period11of three years, in line with the strategic planning horizon The number of shares to be allocated is calculated by taking as the fair value of the share the average stock price of the month prior to the date of assignment, the latter to be performed at the date of the Shareholders' Meeting approving the financial statements. The number of shares is determined by rounding to the nearest integer.
The variable remuneration subject to a deferral period (vesting period) is the subject of annual reassessment at the legal rate from time to time in force. The deferred share will be paid after the three-year deferral period from the approval of the budget of the financial year of reference. 50% of the same is paid in shares of the Bank subject to a retention period12 of one year. The number of shares to be allocated is calculated by taking as the fair value the average stock price of the month preceding the date of allocation. The number of shares is determined by rounding to the nearest integer.
The General Manager's remuneration consists of a comprehensive annual salary (RAL) and a variable remuneration equal to 0.75% (the so-called percentage) of the Bank's consolidated result
10 EU Regulation no. 575/2013 (CRR) and Directive 2013/36/EU (CRD IV)
11 Period during which there is a prohibition on the sale of shares
12 Period during which there is a prohibition on the sale of shares
gross only of the taxes pertaining to the financial year, for the part exceeding 40 million euro, which is correct in turn for the ratio between the 13Group final balance sheet RORAC (return on risk adjusted capital)14 and the Group prospective RORAC15, in formula:
$$
Variable = [0.75\% * (Utile \text{ Ante Imposte}{Periodo} - 40.000.000)] * \left(\frac{RORAC{consumitivo}}{RORAC_{prospettico}}\right)
$$
(B)
In any case, the incidence of the variable component may not exceed 60% of the RAL.
Where the variable remuneration is not particularly significant16, the percentage of the variable portion to be deferred is set at 40% for a period of 3 years.
The share of deferred variable compensation of the General Manager is subject to the following mechanisms of malus, which must be reduced to zero, ex-post the so-called percentage applied in the formula (B) according to the criteria listed in the following table. These policies have occurred in each of the three financial years17 closed after determination of the variable component (accrual period).
| Total Solvency ratio | ||||||
|---|---|---|---|---|---|---|
| <10.5% | 10.5%< <11.5% | 11.5%< 12.5% >12.5% | ||||
| ≥ 15% | ‐100.0% | ‐‐‐ | ‐‐‐ | ‐‐‐ | ||
| RORAC | 10%< < 15% ‐100.0% | ‐30.0% | ‐20.0% | ‐10.0% | ||
| < 10% | ‐100.0% | ‐40.0% | ‐30.0% | ‐20.0% |
Furthermore, the share of variable remuneration of the General Manager is subject to claw back, with reference to the part recognised and/or paid, if the same has determined or led to determining of:
13Indicator calculated as the ratio between Net Profit for the period and Absorbed Capital for first pillar risks. Elements are not to be considered in the calculation that derive from extraordinary operations such as: capital gains, corporate mergers, splits, acquisitions or in any case other non-recurring operation that the Board of Directors may deliberate and that is likely to change the value of the indicator.
14The reference period is the same as for the one for objective RORAC (ex-ante measurement).
15Industrial plan defined with a 12 months horizon.
16 The Bank considers a particularly high amount the variable remuneration that exceeds the fixed remuneration.
17 A condition sufficient for application of the corrective factors listed in the table is the occurrence of these same conditions in at least one of the three years of observation (accrual period).
In addition, the mechanism of claw back is also applied if the Ratio of Total Funds available18 is less than the statutory threshold from time to time in force.
The variable component will not be paid if during the period of deferment, the Board of Directors has approved the termination for just cause from the employment contract.
These policies have occurred in each of the three financial years (accrual period) closed after determination of the variable component applicable to the occurrence of the above conditions.
The variable up-front compensation is therefore payable upon approval of the financial statements for the year ended on 31st December of the previous year. 50% of this is paid in shares of the Bank subject to a retention period19 of three years, in line with the strategic planning horizon The number of shares to be allocated will be calculated by taking as the fair value the stock price average of the month prior to the date of allocation, the latter to be made at the date of the Shareholders' Meeting approving the financial statements. The number of shares is determined by rounding to the nearest integer.
The variable remuneration subject to a deferral period (vesting period) is the subject of annual reassessment at the legal rate from time to time in force. The deferred share will be paid after the three-year deferral period from the approval of the budget of the financial year of reference. 50% of this remuneration is paid in shares of the Bank subject to a period of retention20 of one year. The number of shares to be allocated is calculated by taking as the fair value the average stock price of the month preceding the date of allocation. The number of shares is determined by rounding to the nearest integer.
In view of the new regulations, the relationship between fixed and variable component of remuneration for the most relevant audit personnel is redefined that does not exceed one third, as required by banking legislation.
Access to the variable part by the remaining "most important personnel", different from the CEO and from the Managing Director and not belonging to the category of internal audit department
18 EU Regulation no. 575/2013 (CRR) and Directive 2013/36/EU (CRD IV)
19 Period during which there is a prohibition on the sale of shares
20 Period during which there is a prohibition on the sale of shares
managers, whose payment can take place after approval of the budget for the year, will be subject to the minimum limits specified below for the following quantitative parameters:
Therefore, failure to achieve one of the parameters will result in resetting of any variable remuneration.
The same rules of deferral and of partial payment in treasury shares of the Bank are applied, as referred to in paragraph 4.3.1 if the variable remuneration is more than 33% of the RAL of the General Manager.
The new provisions provide that the amount of the remuneration of the Chairman of the organ with strategic monitoring function is consistent with the central role attributed to it and is determined ex ante to an extent not exceeding the fixed remuneration paid by the head of the organ with management function (CEO). The Bank aligned to the new regulatory requirements during the first few months of 2015.
The seventh update of Circular no. 285 of 17th December 2013 - «Supervisory Provisions for banks» of 20th November 2014 on remuneration and incentive policies and practices also involves the applicability of those Regulations to the agents involved in financial activities.
Adjustment of the remuneration criteria of agents engaged in consulting and management for the purposes of the restructuring and recovery of credit managed by the NPL Area will take place in order:
and reputational risks that could reflect on the Bank, in addition to promoting regulatory compliance and the protection and the encouraging of customer loyalty;
These adjustments, if needed, will also be incorporated in the contractual documentation that governs the relationship.
Variable remuneration is linked to the achievement of performance levels that, based on the weight and complexity of the position held, up to a maximum of 100% of the RAL, except as before indicated for the most important personnel. The logics of the incentive system are defined by the CEO and brought to the attention of the Board which is also informed, similarly ex post, on their application.
On the occasion of the annual assessment provided for by the Collective Labour Agreement, the CEO and/or the Executive Board may provide one-off payments up to a maximum of three months, except as indicated above for the most important personnel.
***
In addition the Board of Directors, even in the absence of a corporate integrative negotiation, can decide on payment of "corporate award" established by the Collective Labour Agreement applicable to all the employees, determining its measure and criteria.
The Company organs and employees may enjoy certain benefits, having different gradation in relation to the corporate role and/or to the service reasons, with reference to: health policy, occupational and non-occupational accident policy, company car and service accommodation. The attribution of benefits in 2014, in accordance with the "remuneration policy" and the system of powers, is summarised as follows:
occupational and non-occupational accident policy for all employees;
corporate contributions to supplementary pension provision to the extent of 2.5% of the RAL for managers and administrative staff and 1% for professional areas (subject to certain contractual situations previously acquired);
The allocation of service accommodation is limited to only a few cases.
Since 2013 the assignment of a Smartphone is also provided on loan to all employees.
Reference should be made to the considerations set out in the introduction in paragraph 4.2 "Principals and contents of the policies established for 2014" and as provided in paragraph 4.3 "2015 Policy changes regarding definition of the criteria to determine the variable component of the remuneration.
In particular, as previously specified, the variable component of the remuneration of the CEO and of the General Manager is linked to the overall results of the Bank and follows its trend while the deferral mechanism considers the stability of results from a long-term perspective, the capital resources and the liquidity necessary to address the activities undertaken.
For the most important personnel of the audit department, the variable part is not significant in relation to the remuneration and is not linked to the achievement of specific performance objectives. During evaluation, are taken into consideration the level of risk protection, any problems that have arisen in that regard, the individual salary situation in recent years and any additional element in this context considered useful for the overall assessment.
For the remaining most important personnel, any payment of the variable component is primarily based on qualitative assessments, without prejudice to the application of certain general parameters defined ex-ante (in terms of consolidated profit and solvency ratio), and is implemented at a later date upon approval of the financial statements.
The variable remuneration system for the sales network is defined by the CEO and communicated to the Board of Directors.
For the remaining personnel, the variable remuneration is mainly linked to qualitative assessments.
Reference should be made to the "Information document on remuneration plans based on financial instruments".
For the evaluation of the consistency of the remuneration policy with pursuit of the long-term interests of the Banca IFIS Banking Group and with general government risk policy, refer to the previous parts of this report. In this context, of relevance is:
Reference should be made to the "Information Document on compensation plans based on financial instruments".
Reference should be made to the "Information Document on compensation plans based on financial instruments".
In the event of termination of the relationship, no additional payments are intended for directors and managers with strategic responsibilities, with respect to the provisions of law. The only payment provided is the severance pay for employees.
As reported in chapter 5 on "non-monetary benefits", all employees are recipients of health policy, in accordance with the Collective Labour Agreement. In addition, some of these, in relation to contractual situations previously acquired, are recipients of marginal discretionary pension benefits.
The current remuneration policies stipulate that the annual remuneration for members of the Audit and Risk Committee and for its co-ordinator, in addition to the members of the Supervisory Body pursuant to former Legislative Decree 231/2001 is established by the Board of Directors, if considered necessary, if the Shareholders' Meeting has not already done so.
In addition to the appointment allowance of 25,000 euro, established by the Shareholders' Meeting of 30th April 2013 for each member of the Board of Directors, on the occasion of the appointment, for each of the members of the Risk Control Committee (Francesca Maderna, Andrea Martin and Daniele Santosuosso) there is an additional annual remuneration of 30,000 euro while the Chairman of the Committee (Dr. Giuseppe Benini) is entitled to a fee of 45,000 euro. For directors who are members of the Supervisory Body pursuant to Legislative Decree 231/2001 a fixed annual remuneration for this position is awarded amounting to 25,000 euro.
For all the Directors, except those vested with particular appointments (Chairman, Deputy Chairman and CEO), a presence allowance of 1,250 euro for the participation of each person in the meetings of the Board of Directors or of 500 euro per participation via audio/video conferencing link.
The remuneration of the Chairman consists of:
The remuneration of the Vice Chairman consists of:
The remuneration of the CEO consists of:
For definition of the remuneration policy of the Banca IFIS Banking Group, the remuneration policies of other companies were not used as a reference.
With regard to the directors and statutory auditors, the following details are provided on the items that compose the remuneration and that, for the financial year 2014, are summarised in the following Table 1.
In the "fixed remuneration" column are illustrated:
The variable portion of the remuneration of the CEO and General Manager acquired in relation to the profit for the year 2014 is indicated in the section "participations in profit" of the "not equity variable remuneration" column.
Any bonuses earned, for the work in 2014, by other employees falling within the definition of "managers with strategic responsibility" (for 2014 one person only) or in definition of the "most important personnel" are shown in the section "bonuses and other incentives" of the "not equity variable remuneration" column. In that section is also indicated for the CEO and other employees, the "corporate award" established by the collective labour agreement in force and approved by the Board of Directors in favour of employees at the meeting of 3rd December 2014, despite the absence of corporate integrative negotiation.
The column "remuneration for participation in committees" shows the remuneration established by the Shareholders' Meeting of 30th April 2013 for each of the members of the Risk Control
Committee at the rate of 30,000 euro and the fee of 45,000 euro for the Chairman of the Committee.
For directors who are members of the Supervisory Body pursuant to Legislative Decree 231/2001 is shown a fixed annual remuneration for this position amounting to 25,000 euro.
The "non-monetary benefits" column shows the value of the following fringe benefits, generally according to a criterion of tax liability:
The insurance policy against civil liability of corporate leaders, approved by the Shareholders' Meeting, is not included in this column as, from investigations carried out, it is not a fringe benefit. For the "most important personnel" identified for 2014 in accordance with the regulatory provisions of the Bank of Italy of 31st March 2011, the average amounts per person are shown (this involves 17 employees, of whom 13 officers and 4 administrative staff members).
In a logic of consistency with reporting provided to the Shareholders' Meeting of 17th April 2014 in relation to implementation of the remuneration policies approved the previous year (the relevant documentation is available on the website of the Bank in the section "Corporate governance" (> path > Shareholders' Meeting > 2014) together with the minutes of the Shareholders' Meeting of 17th April 2014, pursuant to article 125 quater of the Consolidated Finance Act) are provided - in addition to what is already stated in other parts of this Report - some further synthetic information on the implementation, in 2014, of the policies approved one year ago.
The average ratio between the variable component of reference of 2014 for managers who received it and fixed remuneration (RAL) for 2014 amounted to 24.31%.
The average ratio between variable component and fixed remuneration (RAL) for the 2014 was 22%.
For the year 2014 bonuses were paid equal to 6.81% of the corporate population with an average amount equal to 7.95% of the RAL.
For completeness of information and with reference to the entire corporate population, the following is also pointed out:
The following table shows the levels of Annual Gross Wage (RAL) and Annual Global Remuneration (RGA) – composed of the RAL, the variable retribution and the annual corporate award - for grading, calculated over the entire corporate population.
Furthermore, in order to fulfil the reporting requirements under the Supervisory Provisions for banks - Circular 285 of 17th December 2013 – on "remuneration and incentive policies and practices", evidence is provided of aggregate quantitative information on remuneration, broken down by lines of activity.
| Grading | no. | Gross Annual Salary | Annual Variable Salary |
|---|---|---|---|
| Average € | Average Gross € | ||
| Management | 22 | 128,783 | 33,246 |
| Administrative Staff 4°- | 48 | 71,312 | 15,749 |
| 3° | |||
| Administrative Staff 2° | 75 | 49,782 | 5,901 |
| - 1° | |||
| 3° Area | 360 | 32,453 | 3,116 |
The Annual Gross Remuneration(RAL) levels, taking into account the positions held, does not contain major changes compared to those of the Italian banking system (source ABI).
| Lines of activity | Total remuneration |
|---|---|
| Fast Finance | 1,288,656.29 |
| International | 528,670.04 |
| Factoring (branches) | 8,228,031.76 |
| Non Performing Loans | 2,795,886.56 |
| B.U. Pharma | 557,340.61 |
| Retail collection | 576,909.16 |
| General Management | 13,085,536.97 |
| TOTAL | 27,061,031.39 |
The emoluments paid to directors and employees of the Polish subsidiary IFIS Finance Sp. z o.o. are a result consistent with the logic of remuneration and incentive scheme of the Group. In particular:
Table 1: remuneration paid to members of the administration and audit bodies, to the general managers and to the other executives with strategic responsibilities (figures in thousands of euro)
| Fixe | d re mu ner |
atio n |
Var iab le n rem une |
ity on‐ equ rati on |
Allo wa nce |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Firs t na me and su rna me |
Cha rge |
iod fo hic h th Per r w e oin as h eld tme nt w app |
End d of ate oin tme nt app |
olu Em nts me ed by app rov the Sha reh old er s'M ing eet |
Pre sen ce allo wa nce s |
Lum p sum exp ens e bur reim sem ent s |
Rem i rat une for on l cia spe dut ies nt to pur sua of . 2 389 art the Ita lian Civ il Co de |
d Fixe i rat rem une of on plo em yee s |
Com sati pen fo on r tici io pat par in n mit tee com s |
Bon use s and oth er inc ive ent s |
Par tici io pat in fits n pro |
Non ‐ net mo ary ben efit s |
Oth er rati rem une o n |
Tot al |
Fair Va lue f o ity equ rati rem une o n |
for d f en o oin tme app n t or min atio ter n of plo em ym en t |
| Für berg sten |
Cha irma n |
App al o f the rov |
||||||||||||||
| Seb asti en Ego n |
from 1/1 /20 14 to 31/1 2/20 14 |
fina ncia l stat nts at eme 31/1 2/15 |
||||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | ‐ | ‐ | 8 0 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 8 25 |
n.a | ‐ |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | ‐ | ‐ | 8 0 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 8 25 |
n.a | ‐ | |||
| Csi llag hy Ale ndro ssa |
Dep uty Cha irma n |
1/1 /20 from 14 to 31/1 2/20 14 |
App al o f the rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | ‐ | ‐ | 4 5 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 4 7 5 |
n.a | ‐ |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs i d iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | ‐ | ‐ | 0 4 5 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 4 7 5 |
n.a | ‐ | |||
| Bos si Gio ni van |
CE O |
from 1/1 /20 14 to 31/1 2/20 14 |
App al o f the rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | ‐ | ‐ | 6 5 0 |
‐ | ‐ | ‐ | 6 5 0 |
‐ ‐ | 1. 3 25 |
n.a | ‐ | |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | ‐ | ‐ | 6 5 0 |
‐ | ‐ | ‐ | 6 5 0 |
‐ ‐ | 1. 3 25 |
n.a | ‐ |
| Fixe | d re mu ner |
atio n |
iab le Var n rem une |
ity on‐ equ rati on |
Allo wa nce |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Firs t na me and su rna me |
Cha rge |
iod fo hic h th Per r w e oin as h eld tme nt w app |
End d of ate oin tme nt app |
olu Em nts me ed by app rov the Sha reh old er s'M ing eet |
Pre sen ce allo wa nce s |
Lum p sum exp ens e bur reim sem ent s |
Rem i rat une for on l cia spe dut ies nt to pur sua . 2 389 of art the Ita lian Civ il Co de |
d Fixe i rat rem une of on plo em yee s |
Com sati pen fo on r tici io pat par in n mit tee com s |
Bon use s and oth er inc ive ent s |
tici io Par pat in fits n pro |
Non ‐ net mo ary ben efit s |
Oth er rati rem une o n |
al Tot |
Fair lue f Va o ity equ rati rem une o n |
for d f en o oin tme app n t or min atio ter n of plo em ym en t |
| Giu sep pe Ben ini |
Boa rd of Dire ctor s |
from 01/ 01/2 014 to 31/1 2/20 14 |
App al o f the rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | 25 | ‐ | ‐ | 7 0 |
‐ | ‐ | ‐ | ‐ | 1 2 0 |
n.a | ‐ | |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | 25 | ‐ | ‐ | ‐ | 7 0 |
‐ | ‐ | ‐ | ‐ | 1 2 0 |
n.a | ‐ | |||
| Ma dern a Fra nce sca |
Boa rd of Dire ctor s |
1/1 /20 from 14 to 31/1 2/20 14 |
App al o f the rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | 2 2 |
‐ | ‐ | ‐ | 3 0 |
‐ | ‐ | ‐ | ‐ | 7 7 |
n.a | ‐ |
| Re mu ne |
ion fro rat m |
S S.p Ba I F I A. nc a |
bs i d iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | 2 2 |
‐ | ‐ | ‐ | 3 0 |
‐ | ‐ | ‐ | ‐ | 7 7 |
n.a | ‐ | |||
| Ma rtin And rea |
Boa rd of Dire ctor s |
from 1/1 /20 14 to 31/1 2/20 14 |
App al o f the rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | 25 | ‐ | ‐ | ‐ | 5 5 |
‐ | ‐ | ‐ | ‐ | 1 0 5 |
n.a | ‐ |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | 25 | ‐ | ‐ | ‐ | 5 5 |
‐ | ‐ | ‐ | ‐ | 1 0 5 |
n.a | ‐ | |||
| Pre ve Ric card o |
Boa rd of Dire ctor s |
from 1/1 /20 14 to 31/1 2/20 14 |
App al o f the rov fina ncia l stat nts at eme 12/3 1/15 |
|||||||||||||
| Re | rat mu ne |
ion S S.p Ba I F I t a nc a |
A. | 25 | 8 1 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 3 4 |
n.a | ‐ |
| Re mu ne |
ion fro rat m |
Ba I F I S S.p A. nc a |
bs i d iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | 1 8 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 4 3 |
n.a | ‐ | |||
| Sal amo n Ma rina |
rd of Boa Dire ctor s |
1/1 /20 from 14 to 31/1 2/20 14 |
al o f the App rov fina ncia l stat nts at eme 12/3 1/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | 2 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 4 5 |
n.a | ‐ |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | 4 3 ‐ |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
25 | 2 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 4 5 |
‐ | ‐ |
| Fixe | d re mu ner |
atio n |
iab le Var n rem une |
ity on‐ equ rati on |
Allo wa nce |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Firs t na me and su rna me |
Cha rge |
iod fo hic h th Per r w e oin as h eld tme nt w app |
End d of ate oin tme nt app |
olu Em nts me ed by app rov the Sha reh old er s'M ing eet |
Pre sen ce allo wa nce s |
Lum p sum exp ens e bur reim sem ent s |
Rem i rat une for on l cia spe dut ies nt to pur sua . 2 389 of art the Ita lian Civ il Co de |
d Fixe i rat rem une of on plo em yee s |
Com sati pen fo on r tici io pat par in n mit tee com s |
Bon use s and oth er inc ive ent s |
tici io Par pat in fits n pro |
Non ‐ net mo ary ben efit s |
Oth er rati rem une o n |
Tot al |
Fair lue f Va o ity equ rati rem une o n |
for d f en o oin tme app n t or min atio ter n of plo em ym en t |
| Dan iele |
Boa rd of |
App al o f the rov |
||||||||||||||
| San tosu oss o |
Dire ctor s |
from 01/ 01/2 014 to |
fina ncia l |
|||||||||||||
| 31/1 2/20 14 |
stat nts at eme 12/3 1/15 |
|||||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 25 | 2 3 |
5 5 |
1 0 3 |
n.a | ||||||||
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ ‐ |
||||
| l To ta |
25 | ‐ ‐ 2 3 |
‐ ‐ |
‐ ‐ |
‐ ‐ |
‐ 5 5 |
‐ ‐ |
‐ ‐ |
‐ ‐ |
‐ ‐ |
1 0 3 |
n.a | ‐ | |||
| Gia com o |
Cha irma n of |
App al o f the rov |
||||||||||||||
| Bug na |
the Boa rd o f Sta tuto ry Aud itors |
01/ 01/2 from 014 to 31/1 2/20 14 |
fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re mu ne |
ion Ba rat t a |
I F I S S.p A. nc a |
7 5 |
2 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 9 5 |
n.a | ‐ | |||
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs i d iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
7 5 |
2 0 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 9 5 |
n.a | ‐ | |||
| Gio van na Ciri otto |
ing Act stat utor y aud itor |
01/ 01/2 from 014 to 31/1 2/20 14 |
al o f the App rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re mu ne |
ion Ba rat t a |
I F I S S.p A. nc a |
5 0 |
1 8 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 6 8 |
n.a | ‐ | ||
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
5 0 |
1 8 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 6 8 |
n.a | ‐ | |||
| ida Rov Ma uro |
Cha irma n of the rd o f Boa Sta tuto ry Aud itors til un 30/0 4/20 13 ( then ting ac itor) Aud |
1/1 /20 from 14 to 31/1 2/20 14 |
al o f the App rov fina ncia l stat nts at eme 31/1 2/15 |
|||||||||||||
| Re | rat mu ne |
ion Ba I F I S S.p t a nc a |
A. | 5 0 |
1 6 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 6 6 |
n.a | ‐ | |
| Re mu ne |
fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies su |
‐ ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | |
| l To ta |
0 5 |
6 1 |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | 6 6 |
n.a | ‐ |
| d re mu ner |
n | iab le Var rem |
ity on‐ equ rati on |
Allo wa nce |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cha rge |
Per iod fo hic h th r w e oin as h eld tme nt w app |
End d of ate oin tme nt app |
olu Em nts me ed by app rov the Sha reh old er s'M ing eet |
Pre sen ce allo wa nce s |
Lum p sum exp ens e bur reim sem ent s |
i Rem rat une for on l cia spe dut ies nt to pur sua . 2 389 art the lian Ita il de Civ Co |
Fixe d i rat rem une of on plo em yee s |
Com sati pen fo on r tici io pat par in n mit tee com s |
Bon use s and oth er inc ive ent s |
Par tici io pat in fits n pro |
Non ‐ net mo ary ben efit s |
Oth er rati rem une o n |
al Tot |
Fair Va lue f o ity equ rati rem une o n |
for f d en o oin tme app n t or min atio ter n of plo em ym en t |
| Gen eral Ma nag er |
1/1 /20 from 14 31/1 2/20 14 |
n.a. | |||||||||||||
| rat mu ne |
Ba I F I S t a nc a |
A. | ‐ | ‐ | 3 0 7 |
‐ | 2 4 |
1 8 4 |
25 | ‐ | 5 4 0 |
n.a | ‐ | ||
| fro ion rat m |
Ba I F I S S.p A. nc a |
bs d i iar ies |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | ||
| l To ta |
‐ | ‐ | 3 0 7 |
‐ | 2 4 |
1 8 4 |
25 | ‐ | 5 4 0 |
n.a | ‐ | ||||
| dm in ist a i b i l p on s |
f f w h ive it ta s s ( in 2 on e p ers on |
ic teg ) 3 1 |
|||||||||||||
| rat mu ne |
Ba I F I S t a nc a |
A. | ‐ ‐ | ||||||||||||
| fro ion rat m |
Ba I F I S A. nc a |
bs d i iar ies |
‐ | n.a | ‐ | ||||||||||
| l To ta |
‐ | ‐ | 1 0 4 |
‐ | 1 8 |
‐ | 1 1 |
‐ | 1 3 3 |
n.a | ‐ | ||||
| im t ort p f s s o up t ers on s a |
l " u t p ers on ne n is ion f t he Ba o n be 1st De 2 0 ce m r |
he r t ( f ly Ita 17 ) 4 |
|||||||||||||
| rat mu ne |
Ba I F I S t a nc a |
A. | ‐ | ‐ | 1 1 2 |
‐ | 2 8 |
‐ | 1 0 |
‐ | 15 0 |
‐ ‐ | |||
| fro ion rat m |
Ba I F I S S.p A. nc a |
bs i d iar ies |
‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | ‐ | n.a | ‐ | ||
| l To ta |
‐ | ‐ | 2 1 1 |
‐ | 2 8 |
‐ | 0 1 |
‐ | 0 15 |
n.a | ‐ | ||||
| ion rat ity ion S.p an erv 3 ion |
to S.p su tra 0 S.p su de k o 1 S.p su |
‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ |
Fixe ‐ ‐ |
atio of ‐ ‐ |
1 0 4 ‐ |
‐ ‐ |
1 8 ‐ |
n une ‐ ‐ |
1 1 ‐ |
‐ ‐ |
1 3 3 |
From the tables provided by Annex 3A, Scheme No. 7-bis of the "Issuer's Regulations", is currently applicable to the Banca IFIS Banking Group only Table 3B that is shown below with the details of participation in earnings expected for the CEO and the General Manager that, in the past required deferral of a share of 40% for three years and that according to the policies for the year 2014 require the deferral of a share equal to 60% of the variable component if it is considered a particularly high amount.
| Name and | Annual bonus | Bonus of previous years | Other | ||||||
|---|---|---|---|---|---|---|---|---|---|
| surname | Appointment | Plan | Payable / paid |
Deferred | Period of deferral |
No longer payable |
Payable / paid |
Deferred again |
bonuses |
| Bossi Giovanni |
CEO | ||||||||
| S.p.A. | Remuneration at Banca IFIS | Plan A (participation in operating profit ) |
260 | 390 | 3 years | 0 | *130 | 412 | 0 |
| IFIS S.p.A. subsidiaries | Remuneration from Banca | N/a | 0 | 0 | 0 | 0 | - | 0 | |
| Total | 260 | 390 | 0 | 130 | 412 | ||||
| Staccione Alberto |
General Manager |
||||||||
| S.p.A. | Remuneration at Banca IFIS | Plan A (participation in operating profit ) |
74 | 110 | 3 years | 0 | *65 | 147 | 0 |
| IFIS S.p.A. subsidiaries | Remuneration from Banca | n.a. | 0 | 0 | 0 | 0 | - | 0 | |
| Total | 74 | 110 | 0 | 65 | 147 |
Data (in thousands of euro)
* The total variable remuneration relating to the profit for the year 2011 is that stated in the previous reports while the composition between up-front and deferred recorded a negligible difference.
Table 1: shareholdings of members of the organs of administration and audit and of the general managers
| Surname and first name | Appointment | Investee company |
Number of shares owned at the end of the previous year |
Number of shares purchased |
Number of shares sold |
Number of shares owned at the end of the current year |
|---|---|---|---|---|---|---|
| Fürstenberg Sagar Egon (including shares held indirectly through La Scogliera S.p.A.) |
Chairman | Banca IFIS S.p.A. | 30,500,486 | 0 - 2,168,332 | 28,332,154 | |
| Csillaghy Alessandro | Deputy Chairman | |||||
| Bossi Giovanni | CEO | Banca IFIS S.p.A. | 1,838,648 | 0 | 0 | 1,838,648 |
| Benini Giuseppe | Director | |||||
| Maderna Francesca | Director | Banca IFIS S.p.A. | 1,070,422 | 0 | 0 | 1,070,422 |
| Martin Andrea | Director | |||||
| Preve Riccardo (including shares held indirectly through Preve Costruzioni S.p.A.) |
Director | Banca IFIS S.p.A. | 1,244,334 | 4,667 | 1,249,001 | |
| Salamon Marina (held indirectly through Alchimia S.p.A.) |
Director | Banca IFIS S.p.A. | 1,069,447 | 6,800 | 1,076,247 | |
| Santosuosso Daniele | Director | |||||
| Giacomo Bugna | Chairman - Board of Statutory Auditors |
|||||
| Ciriotto Giovanna | Standing statutory auditor |
|||||
| Rovida Mauro | Standing statutory auditor |
|||||
| Staccione Alberto | General Manager | Banca IFIS S.p.A. | 140,000 | 0 | 0 | 140,000 |
| Number of managers with strategic responsibilities |
Investee company |
Number of shares owned at the end of the previous year |
Number of shares purchased |
Number of shares sold |
Number of shares owned at the end of the current year |
|---|---|---|---|---|---|
| 1 | Banca IFIS S.p.A. | - | 1,000 | 1,000 |
Share Capital Euro
| NO | ||||||||
|---|---|---|---|---|---|---|---|---|
| SH AR EH OL DE R |
N- VO TE RS |
% | IN FA VO UR |
% | AG AIN ST |
% | AB STA INE D |
% |
| LA SCO GL IER A S .P.A |
26.9 66.8 47 |
50, 113 9% |
||||||
| AL CH IMI A S PA |
1.06 5.44 7 |
1,98 00% |
||||||
| BO SON I GE MM A |
3.00 0 |
0,00 56% |
||||||
| BO SSI GI OV AN NI |
1.83 8.64 6 |
3,4 169 % |
||||||
| CA RA DO NN A G IAN FRA NC O M AR IA |
1 | 0,00 00% |
||||||
| CO RSO NI CO LET TA |
1.55 0 |
0,00 29% |
||||||
| FAV ALL I AR RIG O |
1.00 0 |
0,00 19% |
||||||
| FAZ ZIN I CE LSO |
8.00 0 |
0,0 149 % |
||||||
| FIO I GI CA REN TIN AN LU |
20 | 0,00 00% |
||||||
| FIS CO AM ICO |
10 | 0,00 00% |
||||||
| MA A F RA NC ESC A DE RN |
1.07 0.42 2 |
1,98 92% |
||||||
| MA FFE I FA CC IOL I CA RLO FR AN CES CO |
73.2 00 |
0,13 60% |
||||||
| PAN DO LFO FA BR IZIO |
3.40 8 |
0,00 63% |
||||||
| PRE VE CO STR UZ ION I SP A |
1.16 0.00 0 |
2,15 57% |
||||||
| PRE VE RIC CA RD O |
89.0 01 |
0,16 54% |
||||||
| RO O` D IO DIN EM ETR |
2 | 0,00 00% |
||||||
| STA CC ION E A LBE RTO |
140 .000 |
0,26 02% |
||||||
| 119 9 SE IU H EA LT CA RE EM PLO YE ES PEN SIO N F OU ND |
21.9 48 |
0,04 08% |
||||||
| AC AD IAN IN TER NA TIO NA L S MA LL CA PFU ND |
13.7 28 |
0,02 55% |
||||||
| ADV ANC ED SER IES TR UST AS T PR UDE NTI AL GRO WT H A LLO CAT ION PO RTF OLI O |
34.5 68 |
0,06 42% |
||||||
| ALA SKA AN D C OR POR AT ION PE RM EN T F UN |
2.98 1 |
0,00 55% |
||||||
| AL GE BR IS F INA NC IAL IN CO ME FO UN D |
82.6 86 |
0,15 37% |
||||||
| AL GE BR IS G LO BA L F INA NC IAL MA STE R F OU ND |
29.7 00 |
0,05 52% |
||||||
| AL GE BR IS L ON G O NL Y G LO BA L F INA NC IAL S M AST ER FOU ND |
3.90 8 |
0,00 73% |
||||||
| AL KE N F UN D |
499 .840 |
0,92 89% |
||||||
| AL KE N F UN D |
445 .22 1 |
0,82 74% |
||||||
| ALT RIA CO RPO RA TE SER VIC ES MA STE R R ETI REM |
3.36 3 |
0,00 62% |
||||||
| AN Z W HO LES ALE IN TER N S HA RE NO 4 F OU ND |
45.2 00 |
0,08 40% |
||||||
| AR BO R IN TER NA TIO NA L F UN D |
12.7 25 |
0,02 36% |
||||||
| AR RO WS TRE ET CA PIT AL GL OB AL EQ UIT Y L ON G/S HO RT FEE DE R F UN D L IMI TED |
4.54 5 |
0,00 84% |
||||||
| AR RO WS TRE ET US GR OU P T RU ST |
15.6 61 |
0,02 91% |
||||||
| AX A W OR LD FU ND S |
55.0 00 |
0,10 22% |
||||||
| BG SCI EA SM ALL CA QU I M FE P E ITY IN DE X F UN D B |
6.33 1 |
0,0 118 % |
||||||
| BLA CK RO CK IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
9.35 4 |
0,0 174 % |
||||||
| BLA CK RO CK IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
16.5 15 |
0,03 07% |
||||||
| BLA CK RO CK IN ST TRU ST CO NA IN V F UN DSF OR EM PLO YE E B EN EFI T T R |
27. 105 |
0,05 04% |
||||||
| BLA CK RO CK MS CI W OR LD SM ALL CA P E Q E SG SCR EEN ED IN DE X F UN D B |
627 | 0,00 12% |
||||||
| OC IQU ID A A F C IN STO RS LLC BLU E R K L LPH UN D L P N UM ERI VE |
540 | 0,00 10% |
||||||
| BLU E S KY GR OU P |
57.2 00 |
0,10 63% |
||||||
| BN Y M ELL ON EM PLO YE E B EN EFI T C OLL ECT IVE IN VE STM EN T F UN D P LAN |
55 | 0,00 01% |
||||||
| BO STO N P AT RIO T C ON GR ESS ST LL C C /O P AN AG OR A A SSE T M AN AG EM EN T |
708 | 0,00 13% |
||||||
| BR ICK LA YE RS + T RO WE L T RA DE S IN TER NA TIO NA L P EN SIO N F UN D |
14.8 00 |
0,02 75% |
||||||
| C& J C NSI ON LA RK PE FU ND |
3.97 8 |
0,00 74% |
||||||
| CA LIF OR NIA PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
15.2 00 |
0,02 82% |
||||||
| CA LIF OR NIA ST AT E T EA CH ER S R ETI REM EN T S YST EM |
330 | 0,00 06% |
||||||
| CA SEY FA MIL Y P RO GR AM S |
6.19 1 |
0,0 115 % |
||||||
| CA TER PIL LA R P EN SIO N P LAN |
31.4 00 |
0,05 84% |
||||||
| CC &L AL L S TRA TEG IES FU ND |
400 | 0,00 07% |
||||||
| CC &L Q M AR KE T N EU TRA L F UN D |
1.50 0 |
0,00 28% |
||||||
| CEL AN ESE AM CA S R T S AV ING S P LAN ERI ETI REM EN |
7.68 7 |
0,0 143 % |
||||||
| CF DV AC WI EX -U. S. I MI FUN D |
265 | 0,00 05% |
||||||
| CG CM IN TER NA TIO NA L E QU ITY IN VE STM EN TS PHI LA DE LPH IA I NT ERN AT |
1.57 9 |
0,00 29% |
||||||
| CH UR CH OF EN GLA ND IN VE STM EN T F UN D F OR PE NSI ON S |
2.19 7 |
0,00 41% |
||||||
| CITC O B K N D N V D UBB BR ACT SOL EY I N IT S CA P AS TRT EE O F M GD ACC S M ST S ERV IN R ES O F TH E SF MG D A CCS MS T FN D SE RV MAP 1 |
14.8 00 |
0,02 75% |
||||||
| CIT Y O OS AN GE LES E A PO LIC LAN F L FIR ND E P |
3.29 4 |
0,00 61% |
||||||
| CIT Y O F L OS AN GE LES FIR E A ND PO LIC E P LAN |
1.23 9 |
0,00 23% |
||||||
| CIT Y O F L OS AN GE LES FIR E A ND PO LIC E P LAN |
9.40 8 |
0,0 175 % |
||||||
| CIT Y O F M EM PHI S R ETI REM EN T S YST EM |
13.4 70 |
0,02 50% |
|||
|---|---|---|---|---|---|
| CIT Y O F N EW YO RK GR OU P T RU ST |
1.67 5 |
0,00 31% |
|||
| CIT Y O YO GR OU ST F N EW RK P T RU |
2.15 1 |
0,00 40% |
|||
| CIT Y O F N EW YO RK GR OU P T RU ST |
919 | 0,00 17% |
|||
| CIT Y O F N EW YO RK GR OU P T RU ST |
21.5 23 |
0,04 00% |
|||
| CIT Y O F N EW YO RK GR OU P T RU ST |
12.0 49 |
0,02 24% |
|||
| CO LLE GE RE TIR EM EN T E QU ITIE S F UN D |
68.9 17 |
0,12 81% |
|||
| CO ON ALT AN K G RO SUP ERA UA TIO MM WE H B UP NN N |
12.8 82 |
0,02 39% |
|||
| COM MO NW EAL TH OF PEN NSY LVA NIA PU BLI C S CHO OL EM PLO YEE S R ETI REM ENT SY STE M |
3.08 4 |
0,00 57% |
|||
| CO NN ECT ICU T G EN ERA L L IFE IN SUR AN CE CO MP AN Y |
122 | 0,00 02% |
|||
| CO NSO LID AT ED ED ISO N R ETI REM EN T P LAN |
35.5 68 |
0,06 61% |
|||
| CO UN TY EM PLO YE ES AN NU ITY AN D B EN EFI T F UN D O F C OO K C OU NT Y |
11.5 00 |
0,02 14% |
|||
| CPR RO GH EU HI DI VID EN D |
297 .676 |
32% | |||
| 0,55 | |||||
| DE LTA LL OY D A SSE T M AN AG EM EN T N V |
34.4 40 |
0,06 40% |
|||
| DE PAR TM EN T O F S TA TE LAN DS |
8.6 10 |
0,0 160 % |
|||
| DE UT SCH E X -TR AC KE RS MS CI E MU HE DG ED EQ UIT Y E TF |
175 | 0,00 03% |
|||
| DU KE EN ERG Y R ETI REM EN T S AV ING S P LAN |
26. 133 |
0,04 86% |
|||
| EM PLO YE ES` RE TIR EM EN T S YST EM OF TH E C ITY OF BA LTI |
15.3 00 |
0,02 84% |
|||
| EM PLO YE ES` RE TIR EM EN T S YST EM OF TH E C ITY OF BA LTI |
4.60 0 |
0,00 85% |
|||
| SIG EA K A ISO RS INC EN N P DV |
228 .900 |
0,42 54% |
|||
| FCP AS TO RG CR OIS SAN CE MID CA P |
10.1 18 |
0,0 188 % |
|||
| FCP GR OU PAM A A VE NIR EU RO |
522 .217 |
0,97 05% |
|||
| FCP RS I EU RO P |
27.0 35 |
0,05 02% |
|||
| FID ELI TY AD V S ER VII I FI DE LIT Y A DV GL B C API TA L A PPR ECI AT ION F |
5.93 5 |
0,0 110 % |
|||
| FLE XSH ARE S M ORN ING STA R D EVE LOP ED MA RKE TS E X-U S FA CTO R T ILT IND EX FUN D |
3.73 5 |
0,00 69% |
|||
| FLO RID A R ETI REM EN T S YST EM |
8.64 1 |
0,0 161 % |
|||
| FLO RID A R ETI REM EN T S YST EM |
9.2 16 |
0,0 171 % |
|||
| FON DS RE SER VE RE TRA ITE S |
182 .512 |
0,33 92% |
|||
| FOU NDL OGI C A LTE RNA TIV ES P LC- MS AL GEB RIS GL OBA L FI NAN CIA LS U CIT S FO UND |
14.5 50 |
0,02 70% |
|||
| GO N S AC HS DS LD MA FUN |
11.6 70 |
0,02 17% |
|||
| GO LD MA N S AC HS INT ERN SM ALL CA P IN SIG HT F |
132 .048 |
54% | |||
| 0,24 | |||||
| GO VE RN ME NT OF NO RW AY |
102 .152 |
0,18 98% |
|||
| GO VE RN ME NT SU PER AN NU AT ION FU ND |
11.9 96 |
0,02 23% |
|||
| GW +K INT ERN AT ION AL SM ALL CA P F UN D, L .P. |
4.05 0 |
0,00 75% |
|||
| HO SKI NG GL OB AL FUN D P LC |
103 .163 |
0,19 17% |
|||
| HSB C A M T ECH NO LO GIE (C) |
84.2 38 |
0,15 65% |
|||
| 40 1K S P LAN IBM PLU |
15.8 40 |
0,02 94% |
|||
| ILL INO IS M UN ICIP AL RET IRE ME NT FU ND |
18.0 00 |
0,03 35% |
|||
| ILL INO IS S TU DE NT AS SIS TA NC E C OM MIS SIO N |
25.4 00 |
0,04 72% |
|||
| IND IAN A P UB LIC EM PLO YE ES RET IRE ME NT FU ND |
760 | 0,00 14% |
|||
| INT EL CO RP RET IRE ME NT PL AN S M AST ER FUN D |
29.9 00 |
0,05 56% |
|||
| AT ION AL PAP CO CO ING STM T G RO ST INT ERN ER MM LED IN VE EN UP TRU |
3.53 5 |
0,00 66% |
|||
| INV ESC O F UN DS SER IES 4 |
632 .090 |
1,17 46% |
|||
| INV ESC O F UN DS SER IES 4 |
92.3 55 |
0,17 16% |
|||
| INV ESC O G LO BA L S MA LL CA P E QU ITY PO OL |
16.7 94 |
0,03 12% |
|||
| INV ESC O P ERP ETU AL GL OB AL SM ALL ER CO . FD |
204 .568 |
0,38 02% |
|||
| C S PEC V S SH E S NO IPA IN TR INT AR TR 9 |
1.28 4 |
0,00 24% |
|||
| ISH AR ES DE VE LO PED SM ALL -CA P E X N OR TH AM ERI CA ET F |
688 | 0,00 13% |
|||
| ISH AR ES EN HA NC ED IN TER NA TIO NA L S MA LL- CA P E TF |
520 | 0,00 10% |
|||
| ISH AR ES VII PL C |
20.0 24 |
0,03 72% |
|||
| J.P. MO RG AN AS SET MA NA GE ME NT LIM ITE D |
84.7 31 |
0,15 75% |
|||
| JOH CM IN TER NA TIO NA L S MA LL CA P E QU ITY FU ND |
76.9 45 |
0,14 30% |
|||
| KE MP EN IN TER NA TIO NA L F UN DS |
276 .387 |
0,5 136 % |
|||
| AFT FO OD S M AST UST KR ER RET IRE ME NT TR |
3.78 3 |
70% | |||
| 0,00 | |||||
| LO CK HE ED MA RTI N C OR POR AT ION MA STE R R ETI REM EN T T RU ST |
13.0 60 |
0,02 43% |
|||
| LO S A NG ELE S C ITY EM PLO YE ES RET IRE ME NT SY STE M |
2.66 9 |
0,00 50% |
|||
| LO S A NG ELE S C ITY EM PLO YE ES RET IRE ME NT SY STE M |
8.60 4 |
0,0 160 % |
|||
| LSV 1EH E, L SV2 EH E |
3.60 0 |
0,00 67% |
|||
| G IN STM DS (7)- G P AN RO PEA M+ VE EN T F UN M+ EU N D IVI DE ND FU ND |
137 .000 |
0,25 46% |
|||
| MA INS TA Y 1 30/3 0 IN TER NA TIO NA L F UN D |
51.4 29 |
0,09 56% |
|||
| MA RY LAN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
27.6 19 |
0,05 13% |
|||
| MA RY LAN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
3.50 7 |
0,00 65% |
|||
| MA RY LAN D S TA TE RET IRE ME NT & P EN SIO N S YST EM |
17.0 00 |
0,03 16% |
|||
| STE GR C A OR CO MA R T R A EE BET WE EN PF IZE R IN ND TH E N TH ERN TR |
12.3 82 |
0,02 30% |
|||
| MD IN TER NA TIO NA L V ALU E F UN D |
4.06 9 |
0,00 76% |
|||
| MD PIM IN TER NA TIO NA L E QU ITY PO OL |
43.9 16 |
0,08 16% |
|||
| ME TZL ER INT ERN AT ION AL INV EST ME NT S P LC |
304 .500 |
0,56 59% |
|||
| MG I FU ND S P LC |
32.2 48 |
0,05 99% |
|||
| MIN IST ER FOR FIN AN CE (ISI F M AN AG ED AN D C ON TRO LLE D B Y N TM A) |
1.95 9 |
0,00 36% |
| MIS SOU RI L OC AL GO VE RN ME NT EM PLO YE ES RET IRE ME NT SY STE M |
415 | 0,00 | ||||
|---|---|---|---|---|---|---|
| MS CI E AFE SM ALL CA P P RO V IN DE X S EC CO MM ON TR F |
4.26 4 |
08% 0,00 79% |
||||
| MU LTI -ST YL E, M UL TI-M AN AG ER FUN DS PLC |
29.4 00 |
0,05 46% |
||||
| MU NIC IPA L E MP LO YE ES AN NU ITY AN D B EN EFI T F UN D O F C HIC AG O |
2.42 4 |
0,00 45% |
||||
| NIC IPA LO ES AN AN D O F C HIC AG O MU L E MP YE NU ITY D B EN EFI T F UN |
10.6 00 |
0,0 197 % |
||||
| MU NIC IPA L E MP LO YE ES` RE TIR EM EN T S YST EM OF MI CH IGA N |
9.36 8 |
174 | ||||
| 0,0 % |
||||||
| NA TIO NA L C OU NC IL F OR SO CIA L S EC FUN D |
1.15 9 |
0,00 22% |
||||
| NA TIO NA L P EN SIO N S ERV ICE |
48.2 00 |
0,08 96% |
||||
| NA TIO NA L P EN SIO N S ERV ICE |
2.16 0 |
0,00 40% |
||||
| TIO SIO N S ICE NA NA L P EN ERV |
7.58 3 |
0,0 141 % |
||||
| NA TIO NA L R AIL RO AD RE TIR EM EN T IN VE STM EN T T RU ST |
18.8 80 |
0,03 51% |
||||
| NA TIO NA EST STE AN LC AS STE E O ES STR AT L W MIN R B K P TRU F K IN V F |
3.40 9 |
0,00 63% |
||||
| NA TIO NW IDE DI VE RSE MA NA GE RS FUN D |
657 | 0,00 12% |
||||
| NE W Y OR K S TA TE TEA CH ER S R ETI REM EN T S YST EM |
9.99 7 |
0,0 186 % |
||||
| NO RTH DA KO TA STA TE INV EST ME NT BO AR D |
17.4 00 |
0,03 23% |
||||
| NO RTH DA KO TA STA TE INV EST ME NT BO AR D |
62.3 54 |
0,1 159 % |
||||
| NO UST GL OB AL EST S C OLL ECT S T ST RTH ERN TR INV ME NT IVE FU ND RU |
16.1 24 |
0,03 00% |
||||
| NT GI- QM CO MM ON DA ILY AL L C OU NT RY WO RLD E |
657 | 0,00 12% |
||||
| NU ME RIC AB SOL UT E R ETU RN FU ND LP NU ME RIC IN VE STO RS LIM ITE D |
12.1 20 |
0,02 25% |
||||
| NU ME RIC AB SOL UT ED RE TU RN FU ND LP OG IER FID UC IAR Y S ERV ICE S L TD |
620 | 0,00 12% |
||||
| NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LE VER ED OFF SHO RE FUN D L IMI TED |
921 | 17% | ||||
| 0,00 | ||||||
| NUM ERIC MU LTI STR ATE GY MAR KET NEU TRA L LE VER ED O FFS HOR E FU ND LIM ITED ESM MUL OF C /O N UME RIC INV EST ORS LLC |
92 | 0,00 02% |
||||
| NUM ERIC MU LTI STR ATE GY MAR KET NEU TRA L LE VER ED O FFS HOR E FU ND LTD NU MER IC IN VES TOR S LI MIT ED L IAB ILIT Y C OMP ANY |
3.28 0 |
0,00 61% |
||||
| NU ME RIC SO CIA LLY AW AR E M UL TY ST RA TEG Y F UN D L TD |
604 | 0,00 11% |
||||
| NU ME RIC SO CIA LLY AW AR E M UL TI-S TRA TEG Y F UN D L TD ES MS AM MN CO NU ME RIC IN VE STO RS LLC |
32 | 0,00 01% |
||||
| NU ME RIC WO RLD MA RK ET NE UT RA L O NSH OR E F OU ND II L P N UM ERI C IN VE STO RS LLC |
1.44 0 |
0,00 27% |
||||
| OIL STM T C OR POR ION IN VE EN AT LT D |
375 | 0,00 07% |
||||
| OIL IN VE STM EN T C OR POR AT ION LT D. - ES M C /O N UM ERI C IN VE STO RS LLC |
86 | 0,00 02% |
||||
| ON EPA GL OB AL SHA S - SM ALL CA GE D) POO TH RE P U NH ED IND EX L |
156 | 0,00 03% |
||||
| OPT IMI X W HO LES ALE GL OB AL SM ALL ER CO |
10.0 60 |
0,0 187 % |
||||
| OR EG ON PU BLI C E MP LO YE ES RET IRE ME NT SY STE M |
80.5 50 |
0,14 97% |
||||
| PAN AG OR A D YN AM IC G LO BA L E XT EN DE D A LPH A F UN D L TD |
4.27 5 |
0,00 79% |
||||
| PEN SIO N R ESE RV ES INV EST ME NT TR UST FU ND |
12.1 51 |
0,02 26% |
||||
| SIO AN MA NSI ON SFO RSI ING SAK SEL SKA PEN ND RK PE KR TIE B |
18.9 90 |
0,03 53% |
||||
| PIM IN VE STM EN TS, IN C |
9.5 17 |
0,0 177 % |
||||
| POL AR CA PIT AL FUN DS PLC |
20.6 66 |
0,03 84% |
||||
| POL AR CA PIT AL GL OB AL FIN AN CIA LS TRU ST PL |
200 .000 |
0,37 17% |
||||
| POL ICE AN D F IRE RE TIR EM EN T S YST EM OF TH E C ITY OF DE TRO IT |
12.8 00 |
0,02 38% |
||||
| POL ICE N`S AN AN D O F C HIC AG O ME NU ITY D B EN EFI T F UN |
7.89 4 |
0,0 147 % |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F M ISS ISS IPI |
7.96 3 |
0,0 148 % |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F O H |
5.24 3 |
0,00 97% |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F O H |
3.7 13 |
0,00 69% |
||||
| PUB LIC EM PLO YE ES RET IRE ME NT SY STE M O F O H |
3.70 3 |
0,00 69% |
||||
| LIC SC HO OL CH S` P SIO D O F C HIC AG O PUB TEA ER EN NA ND RE TIR EM EN T F UN |
11.9 00 |
0,02 21% |
||||
| RA YM ON D J AM ES FIN AN CIA L IN C |
487 | 0,00 09% |
||||
| REG IME DE RE NT ES DU MO UV EM EN T D ESJ AR DIN S |
4.65 3 |
0,00 86% |
||||
| REX AM PE NSI ON PL AN |
8.12 9 |
0,0 151 % |
||||
| RO GE RSC ASE Y T AR GE T S OLU TIO NS LLC |
1.19 5 |
0,00 22% |
||||
| RU SSE LL INV EST ME NT CO MP AN Y - RU SSE LL INT ERN DE VE LO PED MK T F |
6.4 10 |
0,0 119 % |
||||
| RU SSE LL SM ALL ER CO MP AN IES PO OL |
4.74 7 |
0,00 88% |
||||
| SCIE NS G ROU P AL TER NAT IVE STR ATE GIE S PC C LI MIT ED A CTIN G IN RES PEC T OF ITS SIL VER GA MM A CE LL |
1.64 7 |
0,00 31% |
||||
| SEI GL OB AL MA STE R F UN D P LC |
48. 157 |
0,08 95% |
||||
| SEI LU PU S A LPH A P AN EU RO PEA N S MA LL CA P P OO L |
55.2 47 |
0,10 27% |
||||
| SEM PRA EN ERG Y P EN SIO N M AST ER TRU ST |
531 | 0,00 10% |
||||
| SHE LL CO NT RIB UT OR Y P EN SIO N F UN D |
14.4 15 |
0,02 68% |
||||
| SHE CO OR SIO LL NT RIB UT Y P EN N F UN D |
61.9 00 |
0,1 150 % |
||||
| SHE LL TRU ST (BE RM UD A) L IMI TED AS TR UST EE |
1.70 0 |
0,00 32% |
||||
| SHE LL TRU ST (BE RM UDA ) LT D A S TR UST EE OF THE SH ELL OV ERS EAS C.P . FU ND |
13.0 00 |
0,02 42% |
||||
| 5.74 | 107 | |||||
| SHE LL TRU ST (BE RM UDA ) LT D A S TR UST EE OF THE SH ELL OV ERS EAS C.P . FU ND |
9 | 0,0 % |
||||
| SLI GL OB AL SIC AV GL OB AL FOC USE DST RA TEG IES FU ND |
4.13 9 |
0,00 77% |
||||
| SPD R S &P WO (EX -US ) ET RLD F |
2 7.79 |
0,0 145 % |
||||
| SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
5.32 2 |
0,00 99% |
||||
| SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
11.6 79 |
0,02 17% |
||||
| SS BK AN D T RU ST CO MP AN Y IN V F UN DS FOR TA XE XE MP T R ETI REM EN T P L |
8.5 11 |
0,0 158 % |
||||
| SSG A S PDR ET FS EU RO PE II P UB LIC LIM ITE D C OM PAN Y |
2.26 8 |
0,00 42% |
||||
| STA NL IB F UN DS LIM ITE D S TA ND AR D B AN K H OU SE |
16.8 40 |
0,03 13% |
||||
| STA TE OF ALA SKA RE TIR EM EN T A ND BE NE FIT S P LAN S |
194 | 0,00 04% |
||||
| STA RSI S R T S YST TE UN IVE TIE ETI REM EN EM |
64.6 00 |
0,12 00% |
||||
| STI CH TIN G P EN SIO EN FON DS HO REC A & CA TER ING |
1.15 3 |
0,00 21% |
||||
| TO TA L |
0 0,00 00% |
40. 109 .801 |
74,5 382 % |
38.9 45 |
0,07 24% |
57.9 43 |
0,10 77% |
|---|---|---|---|---|---|---|---|
| ZEB RA GL OB AL LIQ UID ITY AR BIT RA GE FU ND LP |
6.23 1 |
0,0 116 % |
|||||
| WIS DO MT REE ISS UE R P UB LIC LIM ITE D C OM PAN Y |
75 | 0,00 01% |
|||||
| WIS DO MT REE ISS UE R P UB LIC LIM ITE D C OM PAN Y |
6.59 2 |
0,0 123 % |
|||||
| WIS DO NA TIO NA L S MA LLC AP MT REE IN TER DIV IDE ND FU ND |
81.0 29 |
0,15 06% |
|||||
| WIS DO MT REE EU RO PE SM ALL CA P D IVI DE ND FU ND |
291 .807 |
0,54 23% |
|||||
| WIS DO MT REE EU RO PE HE DG ED SM ALL CA P E QU ITY FU ND |
16.6 30 |
0,03 09% |
|||||
| WE ST VIR GIN IA I NV EST ME NT MA NA GE ME NT BO AR D |
18.2 81 |
0,03 40% |
|||||
| WA SHI NG TO N S TA TE INV EST ME NT BO AR D |
1.43 2 |
0,00 27% |
|||||
| VO YA MU LTI -MA NA GE R IN TER NA TIO NA L S MA LL CA P F UN D |
3.65 4 |
0,00 68% |
|||||
| VIR GIN IA R ETI REM EN T S YST EM |
143 .560 |
0,26 68% |
|||||
| GIN IA R T S YST VIR ETI REM EN EM |
9.03 9 |
0,0 168 % |
|||||
| VFM GL OB AL SM ALL CO MP AN IES TR UST |
19.9 71 |
0,03 71% |
|||||
| VA NG UA RD IN VE STM EN T S ERI ES, PL C |
2.80 0 |
0,00 52% |
|||||
| VA NG UA RD IN TER NA TIO NA L S MA LL CO MP AN IES I |
2.5 16 |
0,00 47% |
|||||
| VA ILS BU RG FU ND LL C |
15.5 00 |
0,02 88% |
|||||
| AH ST AT T S YST S UT E R ETI REM EN EM |
1.01 2 |
0,00 19% |
|||||
| UP S G RO UP TRU ST |
4.19 9 |
0,00 78% |
|||||
| UN IVE RSA L IN VE ST BA YV K A 1 FO ND S |
79.7 00 |
0,14 81% |
|||||
| UN ISU PER |
26.4 69 |
0,04 92% |
|||||
| UB S E TF |
1.11 1 |
0,00 21% |
|||||
| UA DIC AL TS ST W R ETI REE ME BEN EFI TRU |
324 | 0,00 06% |
|||||
| TW O S IGM A S PEC TRU M P OR TFO LIO , LL C |
5.6 16 |
0,0 104 % |
|||||
| TW O S IGM A E QU ITY PO RTF OLI O, L LC |
5.4 16 |
0,0 101 % |
|||||
| TW O S IGM A A BSO LU TE RET UR N P OR TFO LIO LL C C OR POR AT ION SE RV ICE CO MP AN Y |
4.03 5 |
0,00 75% |
|||||
| TRI NIT Y H EA LTH PE NSI ON PL AN |
3.40 0 |
0,00 63% |
|||||
| TRI NIT Y H EA LTH CO RPO RA TIO N |
3.50 0 |
0,00 65% |
|||||
| TRE ASU RER OF TH E ST ATE OF NO RTH CAR OLI NAE QUI TY INV EST ME NT FUN D P OOL ED |
16.5 00 |
0,03 07% |
|||||
| AR WO E A LLO CA TIO OR TFO LIO TH RIV EN T P TN ER RLD WID N P |
40. 870 |
0,07 60% |
|||||
| TH RIV EN T P AR TN ER WO RLD WID E A LLO CA TIO N F UN D |
20.3 22 |
0,03 78% |
|||||
| TH E S TA TE OF CO NN ECT ICU T A CTI NG TH RO UG H IT S T REA SUR ER |
3.49 9 |
0,00 65% |
|||||
| TH E R OC KE FEL LER FO UN DA TIO N |
4.75 0 |
0,00 88% |
|||||
| TH E R ETI REM EN T B EN EFI T T RU ST OF TH E R .R. DO NN ELL EY & SON S C O. |
39.3 00 |
0,07 30% |
|||||
| OE ING CO AN LO LAN S M TH E B MP Y E MP YE E R ETI REM EN T P T |
7.26 4 |
0,0 135 % |
|||||
| TEX TRO N IN C. M AST ER TRU ST |
41.2 00 |
0,07 66% |
|||||
| TEA CH ER S` R ETI REM EN T S YST EM OF TH E S TA TE OF ILL INO IS |
10.1 18 |
0,02 0,0 188 % |
|||||
| TEA CH ER S` R ETI REM EN T S YST EM OF TH E S TA TE OF ILL INO IS |
14.3 00 |
0,06 66% |
|||||
| STI CH TIN G S HE LL PEN SIO EN FON DS |
32.7 71 |
0,13 09% |
|||||
| STI CH G S SIO FON DS TIN HE LL PEN EN |
72.7 62 |
52% |
Share Capital Euro
| SHA REH OL DER |
N- VO NO TER S |
% | IN FAV OU R |
% | AG AIN ST |
% | AB STA INE D |
% |
|---|---|---|---|---|---|---|---|---|
| LA SCO GLI ERA S.P .A. |
26.9 66.8 47 |
50, 113 9% |
||||||
| ALC HIM IA S PA |
1.06 5.44 7 |
1,9 800 % |
||||||
| BO SON I GE A MM |
3.00 0 |
0,0 056 % |
||||||
| BO SSI GIO VA NN I |
1.83 8.64 6 |
3,41 69% |
||||||
| CAR AD ON NA GIA NFR AN CO MA RIA |
1 | 0,0 000 % |
||||||
| COR SO NIC OLE TTA |
1.55 0 |
0,0 029 % |
||||||
| FAV ALL I AR RIG O |
1.00 0 |
0,0 019 % |
||||||
| FAZ ZIN I CE LSO |
8.00 0 |
0,0 149 % |
||||||
| FIO REN TIN I GI AN LUC A |
20 | 0,0 000 % |
||||||
| FIS CO AM ICO |
10 | 0,0 000 % |
||||||
| MA NA AN CES CA DER FR |
1.07 0.42 2 |
1,9 892 % |
||||||
| MA FFE I FA CCI OLI CA RLO FR AN CES CO |
73.2 00 |
0,1 360 % |
||||||
| PAN DO LFO FA BRI ZIO |
3.40 8 |
0,0 063 % |
||||||
| PRE VE COS TRU ZIO NI S PA |
1.16 0.00 0 |
2,1 557 % |
||||||
| PRE VE RIC CAR DO |
89.0 01 |
0,1 654 % |
||||||
| ROD INO ` DE O ME TRI |
2 | 0,0 000 % |
||||||
| STA CCI ON E A LBE RTO |
140 .000 |
0,2 602 % |
||||||
| 119 9 SE IU H EAL T C ARE EM PLO YEE S PE NSI ON FO UN D |
21.9 48 |
0,0 408 % |
||||||
| ACA DIA N IN TER NA TIO NA L S MA LL CAP FUN D |
13.7 28 |
255 0,0 % |
||||||
| ADV ANC ED SER IES TRU ST A ST P RUD ENT IAL GR OW TH ALL OCA TIO N PO RTF OLI O |
34.5 68 |
0,0 642 % |
||||||
| ALA SKA PE RM AN ENT FU ND CO RPO RAT ION |
2.98 1 |
0,0 055 % |
||||||
| ALG EBR IS F INA NCI AL INC OM E F OU ND |
82.6 86 |
0,1 537 % |
||||||
| ALG EBR IS G LOB AL FIN AN CIA L M AST ER FOU ND |
29.7 00 |
0,0 552 % |
||||||
| ALG IS L ON G O GL OBA INA NCI ALS MA STE OU EBR NLY L F R F ND |
3.90 8 |
0,0 073 % |
||||||
| ALK EN FUN D |
499 .840 |
0,9 289 % |
||||||
| ALK EN FUN D |
445 .221 |
0,8 274 % |
||||||
| ALT RIA CO RPO RAT E S ERV ICE S M AST ER RET IRE M |
3.36 3 |
0,0 062 % |
||||||
| AN Z W HO LES ALE INT ERN SH ARE NO 4 F OU ND |
45.2 00 |
0,0 840 % |
||||||
| ARB OR ATI ON AL INT ERN FUN D |
12.7 25 |
0,0 236 % |
||||||
| ARR OW STR EET CA PIT AL GLO BAL EQ UIT Y L ON G/S HO RT FEE DER FU ND LIM ITE D |
4.54 5 |
0,0 084 % |
||||||
| ARR OW STR EET US GR OU P T RU ST |
15.6 61 |
0,0 291 % |
||||||
| AX A W ORL D F UN DS BGI MS CI E AFE SM ALL CA P E ITY IND EX D B |
55.0 00 6.33 1 |
0,1 022 % 118 |
||||||
| QU FUN BLA CKR OCK INS ST CO NA SFO LOY T T RU INV FU ND R E MP EE BEN EFI T T R |
9.35 4 |
0,0 % 174 |
||||||
| BLA CKR OCK INS T T RU ST CO NA INV FU ND SFO R E MP LOY EE BEN EFI T T R |
16.5 15 |
0,0 % 307 % |
||||||
| BLA CKR OCK INS T T RU ST CO NA INV FU ND SFO R E MP LOY EE BEN EFI T T R |
27.1 05 |
0,0 504 % |
||||||
| CKR OCK MS CI W ORL D S CAP ES G S CRE BLA MA LL ENE D IN DEX FU ND B |
627 | 0,0 012 % |
||||||
| EQ BLU E R OCK UID AL PHA FU ND LP NU ME RIC INV EST ORS LL C |
540 | 0,0 010 % |
||||||
| LIQ BLU E S KY GRO UP |
57.2 00 |
0,0 063 % |
||||||
| BNY ME LLO N E MP LOY EE BEN EFI T C OLL ECT IVE INV EST ME NT FUN D P LAN |
55 | 0,1 001 % |
||||||
| BO STO N P ATR IOT CO NG RES S ST LL C C /O P AN AG ORA AS SET MA NA GEM ENT |
708 | 0,0 013 % |
||||||
| CKL AY ERS ROW TRA DES ATI ON AL SIO BRI + T EL INT ERN PEN N F UN D |
14.8 00 |
0,0 275 % |
||||||
| C&J CL ARK PE NSI ON FU ND |
3.97 8 |
0,0 074 % |
||||||
| CAL IFO RNI A P UBL IC E MP LOY EES RE TIR EM ENT SY STE M |
15.2 00 |
0,0 282 % |
||||||
| CAL IFO RNI A S TAT E T EAC HER S R ETI REM ENT SY STE M |
330 | 0,0 006 % |
||||||
| CAS EY FAM ILY PR OG RAM S |
6.19 1 |
0,0 115 % |
||||||
| CAT AR SIO LAN ERP ILL PEN N P |
31.4 00 |
0,0 584 % |
||||||
| CC& L A LL STR ATE GIE S FU ND |
400 | 0,0 007 % |
||||||
| CC& L Q MA RKE T N EUT RAL FU ND |
1.50 0 |
0,0 028 % |
||||||
| CEL AN ESE AM ERI CAS RE TIR EM ENT SA VIN GS PLA N |
7.68 7 |
0,0 0,0 143 % |
||||||
| CF DV AC WI EX- U.S . IM I FU ND |
265 | 005 % |
||||||
| CGC M I NTE RNA TIO NA L E QU ITY INV EST ME NTS PH ILA DEL PHI A IN TER NA T |
1.57 9 |
0,0 029 % |
||||||
| CHU RCH OF EN GLA ND INV EST ME NT FUN D F OR PEN SIO NS |
2.19 7 |
0,0 041 % |
||||||
| CITC O BK ND NV D UBB BR ACT SOL EY I N IT S CA P AS TRT EE O F MG D AC CS M ST S ERV IN R ES O F TH E SF MG D AC CS M ST F ND S ERV MA P1 |
14.8 00 |
0,0 0,0 275 % |
||||||
| CIT Y O OS AN GEL ES E A PO LIC LAN F L FIR ND E P |
3.29 4 |
0,0 061 % |
||||||
| CIT Y O F L OS AN GEL ES FIR E A ND PO LIC E P LAN |
1.23 9 |
0,0 023 % |
||||||
| CIT Y O F L OS AN GEL ES FIR E A ND PO LIC E P LAN |
9.40 8 |
0,0 175 % |
||||||
| CIT Y O F M EM PHI S R ETI REM ENT SY STE M |
13.4 70 |
0,0 250 % |
||||||
| CIT Y O F N EW YO RK GRO UP TRU ST |
1.67 5 |
0,0 031 % |
||||||
| CIT Y O YO GRO ST F N EW RK UP TRU |
2.15 1 |
0,0 040 % |
||||||
| CIT Y O F N EW YO RK GRO UP TRU ST |
919 | 0,0 017 % |
||||||
| CIT Y O F N EW YO RK GRO UP TRU ST |
21.5 23 |
0,0 400 % |
| CIT Y O F N EW YO RK GRO UP TRU ST |
12.0 49 |
0,0 224 % |
|||||
|---|---|---|---|---|---|---|---|
| COL LEG E R ETI REM ENT EQ UIT IES FU ND |
68.9 17 |
0,1 281 % |
|||||
| COM MO NW EAL TH BAN K G ROU P SU PER AN NU ATI ON |
12.8 82 |
0,0 239 % |
|||||
| COM MO NW EAL TH OF P ENN SYL VAN IA P UBL IC S CHO OL E MPL OYE ES R ETIR EME NT SYS TEM |
3.08 4 |
0,0 057 % |
|||||
| CON NEC TIC UT GEN ERA L L IFE INS URA NCE CO MP AN Y |
122 | 0,0 002 % |
|||||
| CON SOL IDA TED ED ISO N R ETI REM ENT PL AN |
35.5 68 |
0,0 661 % |
|||||
| COU NTY EM PLO YEE S A NN UIT Y A ND BE NEF IT F UN D O F C OO K C OU NTY |
11.5 00 |
0,0 214 % |
|||||
| CPR EU RO HIG H D IVID END |
297 .676 |
0,5 532 % |
|||||
| TA LLO AS SET MA NA GEM DEL YD ENT NV |
34.4 40 |
0,0 640 % |
|||||
| DEP ART ME NT OF STA TE LAN DS |
8.61 0 |
0,0 160 % |
|||||
| DEU TSC HE X-T RAC KER S M SCI EM U H EDG ED EQU ITY ET F |
175 | 0,0 003 % |
|||||
| RGY SA GS DU KE ENE RE TIR EM ENT VIN PLA N |
26.1 33 |
0,0 486 % |
|||||
| EM PLO YEE S` R ETI REM ENT SY STE M O FTH E C ITY OF BA LTI |
15.3 00 |
0,0 284 % |
|||||
| EM PLO YEE S` R ETI REM ENT SY STE M O FTH E C ITY OF BA LTI |
4.60 0 |
0,0 085 % |
|||||
| ENS IGN PE AK AD VIS ORS INC |
228 .900 |
0,4 254 % |
|||||
| FCP AS TOR G C ROI SSA NCE MI D C AP FCP GR OU PAM A A URO VEN IR E |
10.1 18 522 .217 |
0,0 188 % 705 |
|||||
| FCP RS I EU RO P |
27.0 35 |
0,9 % 502 % |
|||||
| FID ELI TY AD V S ER VIII FID ELI TY AD V G LB CAP ITA L A PPR ECI ATI ON F |
5.93 5 |
0,0 110 % |
|||||
| XSH ARE S M ORN ING STA LOP ARK ETS -US FAC TOR FLE R D EVE ED M EX TIL T IN DEX FUN D |
3.73 5 |
0,0 0,0 069 % |
|||||
| FLO RID A R ETI REM ENT SY STE M |
8.64 1 |
0,0 161 % |
|||||
| FLO A R SY STE RID ETI REM ENT M |
9.21 6 |
0,0 171 % |
|||||
| FON DS RES ERV E R ETR AIT ES |
182 .512 |
0,3 392 % |
|||||
| FOU NDL OGI C A LTE RNA TIV ES P LC- MS ALG EBR IS G LOB AL F INA NCI ALS UC ITS FOU ND |
14.5 50 |
0,0 270 % |
|||||
| GO LDM AN SA CHS FU ND S |
11.6 70 |
0,0 217 % |
|||||
| GO LDM AN SA CHS INT ERN SM ALL CA P IN SIG HT F |
132 .048 |
0,2 454 % |
|||||
| GO VER NM ENT OF NO RW AY |
102 .152 |
0,1 898 % |
|||||
| GO VER NM ENT SU PER AN NU ATI ON FU ND |
11.9 96 |
0,0 223 % |
|||||
| GW +K INT ERN ATI ON AL SM ALL CA P FU ND , L.P |
4.05 0 |
0,0 075 % |
|||||
| HO SKI NG GL OBA C L FU ND PL |
103 .163 |
0,1 917 % |
|||||
| HSB C A M T ECH NO LOG IE ( C) |
84.2 38 |
0,1 565 % |
|||||
| IBM 401 K P LUS PL AN |
15.8 40 |
0,0 294 % |
|||||
| ILL INO IS M UN ICIP AL RET IRE ME NT FUN D |
18.0 00 |
0,0 335 % |
|||||
| ILL INO IS S TUD ENT AS SIS TAN CE COM MIS SIO N |
25.4 00 |
0,0 472 % |
|||||
| IAN A P IC E LOY EES IND UBL MP RE TIR EM ENT FU ND |
760 | 0,0 014 % |
|||||
| INT EL COR P R ETI REM ENT PL AN S M AST ER FUN D |
29.9 00 |
0,0 556 % |
|||||
| INT ERN ATI ON AL PAP ER CO COM MIN GLE D IN VES TM ENT GR OU P T RU ST |
3.53 5 |
0,0 066 % |
|||||
| INV ESC O F UN DS SER IES 4 |
632 .090 |
1,1 746 % |
|||||
| INV ESC O F UN DS SER IES 4 |
92.3 55 |
0,1 716 % |
|||||
| ESC O G LOB AL SM ALL CA QU PO OL INV P E ITY |
16.7 94 |
0,0 312 % |
|||||
| INV ESC O P ERP ETU AL GLO BAL SM ALL ER CO . FD |
204 .568 |
0,3 802 % |
|||||
| IPA C S PEC INV ST R IN T S HA RE STR NO 9 |
1.28 4 |
0,0 024 % |
|||||
| ISH S D LOP SM -CA ORT RIC ARE EVE ED ALL P E X N H A ME A E TF |
688 | 0,0 013 % |
|||||
| ISH ARE S E NH AN CED INT ERN ATI ON AL SM ALL -CA P E TF |
520 | 0,0 010 % |
|||||
| ISH ARE S V II P LC |
20.0 24 |
0,0 372 % |
|||||
| J.P. MO RGA N A SSE T M AN AG EM ENT LIM ITE D ATI AL ALL |
84.7 31 45 |
0,1 575 % |
|||||
| JOH CM INT ERN ON SM CA P E QU ITY FU ND ATI ON AL DS KEM PEN INT ERN FUN |
76.9 276 .387 |
0,1 430 % 136 % |
|||||
| KRA FT FOO DS MA STE R R ETI REM ENT TR UST |
3.78 3 |
0,5 070 % |
|||||
| LOC KHE ED MA RTI N C ORP ORA TIO N M AST ER RET IRE ME NT TRU ST |
13.0 60 |
0,0 0,0 243 % |
|||||
| LOS AN GEL ES CIT Y E MP LOY EES RE TIR EM ENT SY STE M |
2.66 9 |
0,0 050 |
|||||
| LOS AN GEL ES CIT Y E MP LOY EES RE TIR EM ENT SY STE M |
8.60 4 |
% 0,0 160 |
|||||
| LSV 1EH SV2 E, L EHE |
3.60 0 |
% 0,0 067 % |
|||||
| M+ G IN VES TM ENT FU ND S (7 )- M +G PAN EU ROP EAN DIV IDE ND FU ND |
137 .000 |
0,2 546 % |
|||||
| MA INS TAY 130 /30 INT ERN ATI ON AL FUN D |
51.4 29 |
0,0 956 % |
|||||
| MA RYL AN D S TAT E R ETI REM ENT & P ENS ION SY STE M |
27.6 19 |
0,0 513 % |
|||||
| MA RYL AN D S TAT E R ETI REM ENT & P ENS ION SY STE M |
3.50 7 |
0,0 065 % |
|||||
| MA RYL AN D S TAT E R ETI REM ENT & P ENS ION SY STE M |
17.0 00 |
0,0 316 % |
|||||
| MA STE R T R A GRE E B ETW EEN PFI ZER INC AN D T HE NO RTH ERN TR CO |
12.3 82 |
0,0 230 % |
|||||
| MD INT ERN ATI ON AL VA LUE FU ND |
4.06 9 |
0,0 076 % |
|||||
| ATI ON AL EQU PO OL MD PIM INT ERN ITY |
43.9 16 |
0,0 816 % |
|||||
| ME TZL ER INT ERN ATI ON AL INV EST ME NTS PL C |
304 .500 |
0,5 659 % |
|||||
| MG I FU ND S PL C |
32.2 48 |
0,0 599 % |
|||||
| MIN IST ER FOR FIN AN CE (ISI F M AN AG ED AN D C ON TRO LLE D B Y N TM A) |
1.95 9 |
0,0 036 % |
|||||
| MIS SOU RI L OCA L G OV ERN ME NT EM PLO YEE S R ETI REM ENT SY STE M |
415 | 0,0 008 % |
|||||
| MS CI E AFE SM ALL CA OV SEC CO ON P PR IND EX MM TR F |
4.26 4 |
0,0 079 % |
|||||
| MU LTI -ST YLE , MU LTI -MA NA GER FU ND S PL C |
29.4 00 |
0,0 546 % |
|||||
| MU NIC IPA L E MP LOY EES AN NU ITY AN D B ENE FIT FU ND OF CH ICA GO |
2.42 4 |
0,0 045 % |
|||||
| MU NIC IPA L E MP LOY EES AN NU ITY AN D B ENE FIT FU ND OF CH ICA GO |
10.6 00 |
0,0 197 % |
|||||
| MU NIC IPA L E MP LOY EES ` RE TIR EM ENT SY STE M O F M ICH IGA N |
9.36 8 |
0,0 174 % |
|||||
| NA TIO NA L C OU NCI OR SOC IAL SE C F L F UN D |
1.15 9 |
0,0 022 % |
|||||
| NA TIO NA L P ENS ION SE RVI CE |
48.2 00 |
0,0 896 % |
|||||
| NA TIO NA L P ENS ION SE RVI CE |
2.16 0 |
0,0 040 % |
| NA TIO NA L P ENS ION SE RVI CE |
7.58 3 |
0,0 141 % |
|||||
|---|---|---|---|---|---|---|---|
| NA TIO NA L R AIL ROA D R ETI REM ENT INV EST ME NT TRU ST |
18.8 80 |
0,0 351 % |
|||||
| NA TIO NA L W EST MIN STE R B AN K P LC AS TRU STE E O F K ES STR AT INV F |
3.40 9 |
0,0 063 % |
|||||
| NA TIO NW IDE DIV ERS E M AN AG ERS FU ND |
657 | 0,0 012 % |
|||||
| YO STA TEA CHE RS SYS NEW RK TE RET IRE ME NT TEM |
9.99 7 |
0,0 186 % |
|||||
| NO RTH DA KOT A S TAT E IN VES TM ENT BO ARD |
17.4 00 |
0,0 323 % |
|||||
| NO RTH DA KOT A S TAT E IN VES TM ENT BO ARD |
62.3 54 |
0,1 159 % |
|||||
| NO RTH ERN TR UST GL OBA L IN VES TM ENT S C OLL ECT IVE FU ND S T RU ST |
16.1 24 |
0,0 300 % |
|||||
| NTG I-QM CO MM ON DA ILY AL L C OU NTR Y W ORL D E |
657 | 0,0 012 % |
|||||
| RIC AB SOL C IN VES TOR S LI NU ME UTE RE TUR N F UN D L P N UM ERI MIT ED |
12.1 20 |
0,0 225 % |
|||||
| NU ME RIC AB SOL UTE D R ETU RN FUN D L P O GIE R F IDU CIA RY SER VIC ES LTD |
620 | 0,0 012 % |
|||||
| NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LEV ERE D O FFS HOR E FU ND LIM ITED |
921 | 0,0 017 % |
|||||
| NUM ERIC MU LTI STR ATE GY M ARK ET N EUT RAL LEV ERE D OF FSH ORE FUN D LI MIT ED E SMM ULO F C/ O NU MER IC IN VES TOR S LL C |
92 | 0,0 002 % |
|||||
| NUM ERIC MU LTI STR ATE GY M ARK ET N EUT RAL LEV ERE D OF FSH ORE FUN D LT D NU MER IC IN VES TOR S LIM ITED LIA BILI TY C OMP ANY |
3.28 0 |
0,0 061 % |
|||||
| NU ME RIC SO CIA LLY AW ARE MU LTY ST RAT EGY FU ND LT D |
604 | 0,0 011 % |
|||||
| NU ME RIC SO CIA LLY AW ARE MU LTI -ST RAT EGY FU ND LT D E SM SAM MN CO NU ME RIC INV EST ORS LL C |
32 | 0,0 001 % |
|||||
| NU ME RIC WO RLD MA RKE T N EUT RAL ON SHO RE FOU ND II L P N UM ERI C IN VES TOR S LL C |
1.44 0 |
0,0 027 % |
|||||
| OIL EST COR POR ATI ON INV ME NT LT D OIL EST ME COR POR ATI ON LT ES M C /O N ERI C IN VES TOR S LL C |
375 86 |
0,0 007 % 002 |
|||||
| INV NT D. - UM ON EPA TH GLO BAL SH ARE S - SM ALL CA P U NH EDG IND EXP OO L |
0,0 % |
156 | 003 % |
||||
| ED) OPT IMI X W HO LES ALE GL OBA L S MA LLE R C O |
10.0 60 |
187 % |
0,0 | ||||
| ORE GO N P UBL IC E MP LOY EES RE TIR EM ENT SY STE M |
80.5 50 |
0,0 497 % |
|||||
| PAN AG ORA NA MIC GL OBA ALP HA DY L E XTE ND ED FUN D L TD |
4.27 5 |
0,1 0,0 079 % |
|||||
| PEN SIO N R ESE RVE S IN VES TM ENT TR UST FU ND |
12.1 51 |
0,0 226 % |
|||||
| PEN SIO ND AN MA RK PEN SIO NSF ORS IKR ING SAK TIE SEL SKA B |
18.9 90 |
0,0 353 % |
|||||
| PIM INV EST ME NTS , IN C |
9.51 7 |
0,0 177 % |
|||||
| POL AR CAP ITA L FU ND S PL C |
20.6 66 |
0,0 384 % |
|||||
| POL AR CAP ITA L G LOB AL FIN AN CIA LS TRU ST PL |
200 .000 |
0,3 717 % |
|||||
| POL ICE AN D F IRE RE TIR EM ENT SY STE M O F T HE CIT Y O F D ETR OIT |
12.8 00 |
0,0 238 % |
|||||
| POL ICE ME N`S AN NU ITY AN D B ENE FIT FU ND OF CH ICA GO |
7.89 4 |
0,0 147 % |
|||||
| LIC PLO S R SY STE M O ISS ISS PUB EM YEE ETI REM ENT F M IPI |
3 7.96 |
0,0 148 % |
|||||
| PUB LIC EM PLO YEE S R ETI REM ENT SY STE M O F O H |
5.24 3 |
0,0 097 % |
|||||
| PUB LIC EM PLO YEE S R ETI REM ENT SY STE M O F O H |
3.71 3 |
0,0 069 % |
|||||
| PUB LIC EM PLO YEE S R ETI REM ENT SY STE M O F O H |
3.70 3 |
0,0 069 % |
|||||
| PUB LIC SC HO OL TEA CHE RS` PE NSI ON AN D R ETI REM ENT FU ND OF CH ICA GO |
11.9 00 |
0,0 221 % |
|||||
| RAY MO JAM ES AN CIA C ND FIN L IN |
487 | 0,0 009 % |
|||||
| REG IME DE RE NTE S D U M OU VEM ENT DE SJA RDI NS |
4.65 3 |
0,0 086 % |
|||||
| REX AM PE NSI ON PL AN |
8.12 9 |
0,0 151 % |
|||||
| ROG ERS CAS EY TAR GET SO LUT ION S LL C. |
1.19 5 |
0,0 022 % |
|||||
| RU SSE LL INV EST ME NT COM PAN Y - RU SSE LL INT ERN DE VEL OPE D M KT F |
6.41 0 |
0,0 119 % |
|||||
| SSE SM ALL COM PAN IES PO OL RU LL ER |
4.74 7 |
0,0 088 % |
|||||
| SCIE NS G ROU P AL NAT STR ATE GIES PCC ACT ING ESPE CT O F ITS SILV ER G AMM A CE TER IVE LIM ITED IN R LL |
1.64 7 |
0,0 031 % |
|||||
| SEI GL OBA L M AST ER FUN D P LC |
48.1 57 |
0,0 895 % |
|||||
| SEI LU PUS AL PHA PA N E URO PEA N S MA LL CAP PO OL |
55.2 47 |
0,1 027 % |
|||||
| SEM PRA EN ERG Y P ENS ION MA STE R T RU ST |
531 | 0,0 010 % |
|||||
| SHE LL CON TRI BUT ORY PE NSI ON FU ND |
14.4 15 |
0,0 268 % |
|||||
| SHE LL CON TRI BUT ORY PE NSI ON FU ND |
61.9 00 |
0,1 150 % |
|||||
| SHE LL TRU ST (BE RM UD A) L IMI TED AS TR UST EE |
1.70 0 |
0,0 032 % |
|||||
| SHE LL T RUS T (B ERM UDA ) LT D A S TR UST EE O F TH E SH ELL OV ERS EAS C.P . FU ND |
13.0 00 |
0,0 242 % |
|||||
| SHE LL T RUS T (B ERM UDA ) LT D A S TR UST EE O F TH E SH ELL OV ERS EAS C.P . FU ND |
5.74 9 |
0,0 107 % |
|||||
| SLI GL OBA L S ICA V G LOB AL FOC USE DST RAT EGI ES FUN D |
4.13 9 |
0,0 077 % |
|||||
| SPD R S &P WO RLD (EX -US ) ET F SS B K A ND TR UST CO MP AN Y IN V F UN DS FOR TA XEX EM PT RET IRE ME NT PL |
7.79 2 5.32 2 |
0,0 145 % 099 % |
|||||
| SS B K A UST CO AN DS FOR TA ND TR MP Y IN V F UN XEX EM PT RET IRE ME NT PL |
11.6 79 |
0,0 217 % |
|||||
| SS B K A ND TR UST CO MP AN Y IN V F UN DS FOR TA XEX EM PT RET IRE ME NT PL |
8.51 1 |
0,0 0,0 158 % |
|||||
| SSG A S PDR ET FS E URO PE II P UBL IC L IMI TED CO MP AN Y |
2.26 8 |
0,0 042 % |
|||||
| STA NLI B F UN DS LIM ITE D S TAN DA RD BAN K H OU SE |
16.8 40 |
0,0 313 % |
|||||
| STA TE OF ALA SKA RE TIR EM ENT AN D B ENE FIT S PL AN S |
194 | 0,0 004 % |
|||||
| STA TE UN IVE RSI TIE S R ETI REM ENT SY STE M |
64.6 00 |
0,1 200 |
|||||
| STI CHT ING PE NSI OEN FON DS HO REC A & CA TER ING |
1.15 3 |
% 0,0 021 % |
|||||
| STI CHT ING SH ELL PE NSI OEN FON DS |
72.7 62 |
0,1 352 % |
|||||
| STI CHT ING SH NSI OEN FON DS ELL PE |
32.7 71 |
0,0 609 % |
|||||
| TEA CHE RS` RE TIR EM ENT SY STE M O F T HE STA TE OF ILL INO IS |
14.3 00 |
0,0 266 % |
|||||
| TEA CHE RS` RE TIR EM ENT SY STE M O F T HE STA TE OF ILL INO IS |
10.1 18 |
0,0 188 % |
|||||
| TEX TRO N IN C. M AST ER TRU ST |
41.2 00 |
0,0 766 % |
|||||
| THE BO EIN G C OM PAN Y E MP LOY EE RET IRE ME NT PLA NS MT |
7.26 4 |
0,0 135 % |
|||||
| ST OF . DO & S ON S C O. THE RE TIR EM ENT BE NEF IT T RU THE R.R NN ELL EY |
39.3 00 |
0,0 730 % |
|||||
| THE RO CKE FEL LER FO UN DA TIO N |
4.75 0 |
0,0 088 % |
|||||
| THE ST ATE OF CO NN ECT ICU T A CTI NG THR OU GH ITS TR EAS URE R |
3.49 9 |
0,0 065 % |
|||||
| THR IVE NT PAR TNE R W ORL DW IDE AL LOC ATI ON FU ND |
20.3 22 |
0,0 378 % |
|||||
| THR IVE NT PAR TNE R W ORL DW IDE AL LOC ATI ON PO RTF OLI O |
40.8 70 |
0,0 760 % |
|||||
| TRE ASU RER OF THE STA TE O F NO RTH CAR OLI NAE QUI TY INV EST MEN T FU ND POO LED |
16.5 00 |
0,0 307 % |
|||||
| TRI NIT Y H EAL TH COR POR ATI ON |
3.50 0 |
0,0 065 % |
| TRI NIT Y H EAL TH PEN SIO N P LAN |
3.40 0 |
0,0 063 % |
||||||
|---|---|---|---|---|---|---|---|---|
| TW O S IGM A A BSO LUT E R ETU RN POR TFO LIO LL C C ORP ORA TIO N S ERV ICE CO MP AN Y |
4.03 5 |
0,0 075 % |
||||||
| TW O S IGM A E QU ITY PO RTF OLI O, L LC |
5.41 6 |
0,0 101 % |
||||||
| O S IGM A S PEC ORT FOL IO, LLC TW TRU M P |
5.61 6 |
0,0 104 % |
||||||
| UA W R ETI REE ME DIC AL BEN EFI TS TRU ST |
324 | 0,0 006 % |
||||||
| UB S E TF |
1.11 1 |
0,0 021 % |
||||||
| ISU UN PER |
26.4 69 |
0,0 492 % |
||||||
| UN IVE RSA L IN VES T B AY VK A1 FO ND S |
79.7 00 |
0,1 481 % |
||||||
| UPS GR OU P T RU ST |
4.19 9 |
0,0 078 % |
||||||
| UTA H S TAT E R ETI REM ENT SY STE MS |
1.01 2 |
0,0 019 % |
||||||
| VA ILS BUR G F UN D L LC |
15.5 00 |
0,0 288 % |
||||||
| VA NG UA ATI ON AL SM ALL CO AN IES RD INT ERN MP I |
2.51 6 |
0,0 047 % |
||||||
| VA NG UA RD INV EST ME NT SER IES , PL C |
2.80 0 |
0,0 052 % |
||||||
| VFM GL OBA L S MA LL COM PAN IES TR UST |
19.9 71 |
0,0 371 % |
||||||
| VIR GIN IA R ETI REM ENT SY STE M |
9.03 9 |
0,0 168 % |
||||||
| VIR GIN IA R ETI REM ENT SY STE M |
143 .560 |
0,2 668 % |
||||||
| VO YA -MA NA GER ATI ON AL SM ALL CA MU LTI INT ERN P FU ND |
3.65 4 |
0,0 068 % |
||||||
| WA SHI NG TON ST ATE INV EST ME NT BOA RD |
1.43 2 |
0,0 027 % |
||||||
| WE ST VIR GIN IA I NV EST ME NT MA NA GEM ENT BO ARD |
18.2 81 |
0,0 340 % |
||||||
| WIS DO MT REE EU ROP E H EDG ED SM ALL CAP EQ UIT Y F UN D |
16.6 30 |
0,0 309 % |
||||||
| WIS DO MT REE EU ROP E S MA LLC AP DIV IDE ND FU ND |
291 .807 |
0,5 423 % |
||||||
| WIS DO MT REE INT ERN ATI ON AL SM ALL CAP DIV IDE ND FU ND |
81.0 29 |
0,1 506 % |
||||||
| WIS DO MT REE ISS UER PU BLI C L IMI TED CO MP AN Y |
6.59 2 |
0,0 123 % |
||||||
| WIS DO MT REE ISS UER PU BLI C L IMI TED CO MP AN Y |
75 | 0,0 001 % |
||||||
| RA GLO BAL LIQ AR RAG ZEB UID ITY BIT E F UN D L P |
6.23 1 |
0,0 116 % |
||||||
| TO TAL |
0 | 0,00 00% |
39.5 08.9 19 |
73,4 215 % |
639 .827 |
1,18 90% |
57.9 43 |
0,10 77% |
Share Capital Euro
| SHA REH OL DER |
NO N-V OT ERS |
% | IN FAV OU R |
% | AG AIN ST |
% | AB STA INE D |
% |
|---|---|---|---|---|---|---|---|---|
| LA SCO GLI ERA S.P .A. |
26.9 66.8 47 |
50, 113 9% |
||||||
| ALC HIM IA S PA |
1.06 5.44 7 |
1,9 800 % |
||||||
| BO SON I GE MM A |
3.00 0 |
0,0 056 % |
||||||
| BO SSI GIO VA NN I |
1.83 8.64 6 |
3,4 169 % |
||||||
| CAR AD ON NA GIA NFR AN CO MA RIA |
1 | 0,0 000 % |
||||||
| COR SO NIC OLE TTA |
1.55 0 |
0,0 029 % |
||||||
| FAV ALL I AR RIG O |
1.00 0 |
0,0 019 % |
||||||
| FAZ ZIN I CE LSO |
8.00 0 |
0,0 149 % |
||||||
| FIO I GI AN LUC A REN TIN |
20 | 0,0 000 % |
||||||
| FIS CO AM ICO |
10 | 0,0 000 % |
||||||
| MA DER NA FR AN CES CA |
1.07 0.42 2 |
1,9 892 % |
||||||
| MA FFE I FA CCI OLI CA RLO FR AN CES CO |
73.2 00 |
0,1 360 % |
||||||
| PAN DO LFO FA BRI ZIO |
3.40 8 |
063 % |
||||||
| COS ZIO NI S PA PRE VE TRU |
1.16 0.00 0 |
0,0 557 % |
||||||
| PRE VE RIC CAR DO |
89.0 01 |
2,1 654 % |
||||||
| 0,1 | ||||||||
| ROD INO ` DE ME TRI O |
2 | 0,0 000 % |
||||||
| STA CCI ON E A LBE RTO |
140 .000 |
0,2 602 % |
||||||
| 119 9 SE IU H EAL T C ARE EM PLO YEE S PE NSI ON FO UN D |
21.9 48 |
0,0 408 % |
||||||
| ACA DIA N IN TER NA TIO NA L S MA LL CAP FUN D |
13.7 28 |
0,0 255 % |
||||||
| ADV ANC ED SER IES TRU ST A ST P RUD ENT IAL GR OW TH ALL OCA TIO N PO RTF OLI O |
34.5 68 |
0,0 642 % |
||||||
| ALA SKA PE RM AN ENT FU ND CO RPO RAT ION |
2.98 1 |
0,0 055 % |
||||||
| ALG IS F INA NCI AL INC OM OU EBR E F ND |
82.6 86 |
0,1 537 % |
||||||
| ALG EBR IS G LOB AL FIN AN CIA L M AST ER FOU ND |
29.7 00 |
0,0 552 % |
||||||
| ALG EBR IS L ON G O NLY GL OBA L F INA NCI ALS MA STE R F OU ND |
3.90 8 |
0,0 073 % |
||||||
| ALK EN FUN D |
499 .840 |
0,9 289 % |
||||||
| ALK EN FUN D |
445 .221 |
0,8 274 % |
||||||
| ALT RIA CO RPO RAT E S ICE S M AST ERV ER RET IRE M |
3.36 3 |
0,0 062 % |
||||||
| AN Z W HO LES ALE INT ERN SH ARE NO 4 F OU ND |
45.2 00 |
0,0 840 % |
||||||
| ARB OR INT ERN ATI ON AL FUN D |
12.7 25 |
0,0 236 % |
||||||
| ARR OW STR EET CA PIT AL GLO BAL EQ UIT Y L ON G/S HO RT FEE DER FU ND LIM ITE D |
4.54 5 |
0,0 084 % |
||||||
| ARR OW STR EET US GR OU P T RU ST |
15.6 61 |
0,0 291 % |
||||||
| AX A W ORL D F UN DS |
55.0 00 |
0,1 022 % |
||||||
| BGI MS CI E AFE SM ALL CA P E QU ITY IND EX FUN D B |
6.33 1 |
0,0 118 % |
||||||
| BLA CKR OCK INS T T RU ST CO NA INV FU ND SFO R E MP LOY EE BEN EFI T T R |
9.35 4 |
0,0 174 % |
||||||
| CKR OCK INS ST CO SFO LOY BLA T T RU NA INV FU ND R E MP EE BEN EFI T T R |
16.5 15 |
0,0 307 % |
||||||
| BLA CKR OCK INS T T RU ST CO NA INV FU ND SFO R E MP LOY EE BEN EFI T T R |
27.1 05 |
0,0 504 % |
||||||
| BLA CKR OCK MS CI W ORL D S MA LL CAP EQ ES G S CRE ENE D IN DEX FU ND B |
627 | 0,0 012 % |
||||||
| BLU E R OCK LIQ UID AL PHA FU ND LP NU ME RIC INV EST ORS LL C |
540 | 0,0 010 % |
||||||
| BLU E S KY GRO UP |
57.2 00 |
0,1 063 % |
||||||
| LLO LOY T C OLL ECT EST LAN BNY ME N E MP EE BEN EFI IVE INV ME NT FUN D P |
55 | 0,0 001 % |
||||||
| BO STO N P ATR IOT CO NG RES S ST LL C C /O P AN AG ORA AS SET MA NA GEM ENT |
708 | 0,0 013 % |
||||||
| BRI CKL AY ERS + T ROW EL TRA DES INT ERN ATI ON AL PEN SIO N F UN D |
14.8 00 |
0,0 275 % |
||||||
| C&J CL ARK PE NSI ON FU ND |
3.97 8 |
0,0 074 % |
||||||
| CAL IFO RNI A P UBL IC E MP LOY EES RE TIR EM ENT SY STE M |
15.2 00 |
0,0 282 % |
||||||
| CAL IFO A S TAT EAC S R SY STE RNI E T HER ETI REM ENT M |
330 | 0,0 006 % |
||||||
| CAS EY FAM ILY PR OG RAM S |
6.19 1 |
0,0 115 % |
||||||
| CAT ERP ILL AR PEN SIO N P LAN |
31.4 00 |
0,0 584 % |
||||||
| CC& L A LL STR ATE GIE S FU ND |
400 | 0,0 007 % |
||||||
| CC& L Q MA RKE T N EUT RAL FU ND |
1.50 0 |
0,0 028 % |
||||||
| CEL AN ESE AM ERI CAS RE TIR EM ENT SA VIN GS PLA N |
7.68 7 |
0,0 143 % |
||||||
| CF DV AC WI EX- U.S . IM I FU ND |
265 | 0,0 005 % |
||||||
| CGC M I NTE RNA TIO NA L E QU ITY INV EST ME NTS PH ILA DEL PHI A IN TER NA T |
1.57 9 |
0,0 029 % |
||||||
| CHU RCH OF GLA EST OR SIO NS EN ND INV ME NT FUN D F PEN |
2.19 7 |
0,0 041 % |
||||||
| CITC O BK ND NV D UBB BR ACT SOL EY I N IT S CA P AS TRT EE O F MG D AC CS M ST S ERV IN R ES O F TH E SF MG D AC CS M ST F ND S ERV MA P1 |
14.8 00 |
0,0 275 % |
||||||
| CIT Y O F L OS AN GEL ES FIR E A ND PO LIC E P LAN |
3.29 4 |
0,0 061 % |
||||||
| CIT Y O F L OS AN GEL ES FIR E A ND PO LIC E P LAN |
1.23 9 |
0,0 023 % |
||||||
| CIT Y O F L OS AN GEL ES FIR E A ND PO LIC E P LAN |
9.40 8 |
0,0 175 % |
||||||
| CIT Y O S R SY STE F M EM PHI ETI REM ENT M |
13.4 70 |
0,0 250 % |
||||||
| CIT Y O F N EW YO RK GRO UP TRU ST |
1.67 5 |
0,0 031 % |
||||||
| CIT Y O F N EW YO RK GRO UP TRU ST |
2.15 1 |
0,0 040 % |
||||||
| CIT Y O F N EW YO RK GRO UP TRU ST |
919 | 0,0 017 % |
| CIT Y O F N EW YO RK GRO UP TRU ST |
21.5 23 |
0,0 400 % |
||||
|---|---|---|---|---|---|---|
| CIT Y O F N EW YO RK GRO UP TRU ST |
12.0 49 |
0,0 224 % |
||||
| COL LEG E R ETI REM ENT EQ UIT IES FU ND |
68.9 17 |
0,1 281 % |
||||
| COM MO EAL BAN K G ROU P SU AN ATI ON NW TH PER NU |
12.8 82 |
0,0 239 % |
||||
| COM MO NW EAL TH OF P ENN SYL VAN IA P UBL IC S CHO OL E MPL OYE ES R ETIR EME NT SYS TEM |
3.08 4 |
0,0 057 % |
||||
| CON NEC TIC UT GEN ERA L L IFE INS URA NCE CO MP AN Y |
122 | 0,0 002 % |
||||
| CON SOL IDA TED ED ISO N R ETI REM ENT PL AN |
35.5 68 |
0,0 661 % |
||||
| COU NTY EM PLO YEE S A NN UIT Y A ND BE NEF IT F UN D O F C OO K C OU NTY |
11.5 00 |
0,0 214 % |
||||
| CPR RO HIG EU H D IVID END |
297 .676 |
0,5 532 % |
||||
| DEL TA LLO YD AS SET MA NA GEM ENT NV |
34.4 40 |
0,0 640 % |
||||
| DEP ART ME NT OF STA TE LAN DS |
8.61 0 |
0,0 160 % |
||||
| TSC RAC S M SCI EDG EQU DEU HE X-T KER EM U H ED ITY ET F |
175 | 0,0 003 % |
||||
| DU KE ENE RGY RE TIR EM ENT SA VIN GS PLA N |
26.1 33 |
0,0 486 % |
||||
| EM PLO YEE S` R ETI REM ENT SY STE M O FTH E C ITY OF BA LTI |
15.3 00 |
0,0 284 % |
||||
| EM PLO YEE S` R ETI REM ENT SY STE M O FTH E C ITY OF BA LTI |
4.60 0 |
0,0 085 % |
||||
| ENS IGN PE AK AD VIS ORS INC |
228 .900 |
0,4 254 % |
||||
| FCP AS TOR G C ROI SSA NCE D C AP MI |
10.1 18 |
0,0 188 % |
||||
| FCP GR OU PAM A A VEN IR E URO |
522 .217 |
0,9 705 % |
||||
| FCP RS I EU RO P |
27.0 35 |
0,0 502 % |
||||
| FID ELI TY AD V S ER VIII FID ELI TY AD V G LB CAP ITA L A PPR ECI ATI ON F |
5.93 5 |
0,0 110 % |
||||
| FLE XSH ARE S M ORN ING STA R D EVE LOP ED M ARK ETS EX -US FAC TOR TIL T IN DEX FUN D |
3.73 5 |
0,0 069 % |
||||
| FLO A R SY STE RID ETI REM ENT M |
8.64 1 |
0,0 161 % |
||||
| FLO RID A R ETI REM ENT SY STE M |
9.21 6 |
0,0 171 % |
||||
| FON DS RES ERV E R ETR AIT ES |
182 .512 |
0,3 392 % |
||||
| FOU OGI C A RNA ES P LC- MS ALG IS G LOB AL F INA NCI ALS UC ITS FOU NDL LTE TIV EBR ND |
14.5 50 |
0,0 270 % |
||||
| GO LDM AN SA CHS FU ND S |
11.6 70 |
0,0 217 % |
||||
| GO LDM AN SA CHS INT ERN SM ALL CA P IN SIG HT F |
132 .048 |
0,2 454 % |
||||
| GO VER NM ENT OF NO RW AY |
102 .152 |
898 % |
||||
| GO VER NM ENT SU PER AN NU ATI ON FU ND |
11.9 96 |
0,1 223 % |
||||
| GW ATI ON AL SM ALL CA +K INT ERN P FU ND |
4.05 0 |
0,0 075 % |
||||
| , L.P HO SKI NG GL OBA L FU ND PL C |
103 .163 |
0,0 917 % |
||||
| HSB C A M T ECH NO LOG |
84.2 38 |
0,1 565 |
||||
| IE ( C) IBM 401 K P LUS PL AN |
15.8 40 |
0,1 % |
||||
| 0,0 294 % |
||||||
| ILL INO IS M UN ICIP AL RET IRE ME NT FUN D |
18.0 00 |
0,0 335 % |
||||
| INO IS S AS SIS TAN CE COM MIS SIO ILL TUD ENT N |
25.4 00 |
0,0 472 % |
||||
| IND IAN A P UBL IC E MP LOY EES RE TIR EM ENT FU ND |
760 | 0,0 014 % |
||||
| INT EL COR P R ETI REM ENT PL AN S M AST ER FUN D |
29.9 00 |
0,0 556 % |
||||
| INT ERN ATI ON AL PAP ER CO COM MIN GLE D IN VES TM ENT GR OU P T RU ST |
3.53 5 |
0,0 066 % |
||||
| INV ESC O F UN DS SER IES 4 |
632 .090 |
1,1 746 % |
||||
| ESC O F DS SER IES 4 INV UN |
92.3 55 |
0,1 716 % |
||||
| INV ESC O G LOB AL SM ALL CA P E QU ITY PO OL |
16.7 94 |
0,0 312 % |
||||
| INV ESC O P ERP ETU AL GLO BAL SM ALL ER CO . FD |
204 .568 |
0,3 802 % |
||||
| C S PEC ST T S STR NO IPA INV R IN HA RE 9 |
1.28 4 |
0,0 024 % |
||||
| ISH ARE S D EVE LOP ED SM ALL -CA P E X N ORT H A ME RIC A E TF |
688 | 0,0 013 % |
||||
| ISH ARE S E NH AN CED INT ERN ATI ON AL SM ALL -CA P E TF |
520 | 0,0 010 % |
||||
| ISH ARE S V II P LC |
20.0 24 |
0,0 372 % |
||||
| J.P. MO RGA N A SSE T M AN AG EM ENT LIM ITE D |
84.7 31 |
0,1 575 % |
||||
| JOH CM ATI ON AL SM ALL CA QU INT ERN P E ITY FU ND |
45 76.9 |
0,1 430 % |
||||
| KEM PEN INT ERN ATI ON AL FUN DS |
276 .387 |
0,5 136 % |
||||
| KRA FT FOO DS MA STE R R ETI REM ENT TR UST |
3.78 3 |
0,0 070 % |
||||
| LOC KHE ED MA RTI N C ORP ORA TIO N M AST ER RET IRE ME NT TRU ST |
13.0 60 |
0,0 243 % |
||||
| LOS AN GEL ES CIT Y E MP LOY EES RE TIR EM ENT SY STE M |
2.66 9 |
0,0 050 % |
||||
| LOS AN GEL ES CIT LOY EES SY STE Y E MP RE TIR EM ENT M |
8.60 4 |
0,0 160 % |
||||
| LSV 1EH E, L SV2 EHE |
3.60 0 |
0,0 067 % |
||||
| M+ G IN VES TM ENT FU ND S (7 )- M +G PAN EU ROP EAN DIV IDE ND FU ND |
137 .000 |
0,2 546 % |
||||
| MA INS TAY 130 /30 INT ERN ATI ON AL FUN D |
51.4 29 |
0,0 956 % |
||||
| MA RYL AN D S TAT E R ETI REM ENT & P ENS ION SY STE M |
27.6 19 |
0,0 513 % |
||||
| MA RYL AN D S TAT E R ETI REM ENT & P ENS ION SY STE M |
3.50 7 |
0,0 065 % |
||||
| MA RYL AN D S TAT E R ETI REM ENT & P ENS ION SY STE M |
17.0 00 |
0,0 316 % |
||||
| MA STE R T R A GRE E B ETW EEN PFI ZER INC AN D T HE NO RTH ERN TR CO |
12.3 82 |
0,0 230 % |
||||
| ATI ON AL VA MD INT ERN LUE FU ND |
4.06 9 |
0,0 076 % |
||||
| MD PIM INT ERN ATI ON AL EQU ITY PO OL |
43.9 16 |
0,0 816 % |
||||
| ME TZL ER INT ERN ATI ON AL INV EST ME NTS PL C |
304 .500 |
0,5 659 % |
||||
| MG I FU ND S PL C |
32.2 48 |
0,0 599 % |
||||
| MIN IST ER FOR FIN AN CE (ISI F M AN AG ED AN D C ON TRO LLE D B Y N TM A) |
1.95 9 |
0,0 036 % |
||||
| MIS SOU OCA L G OV PLO S R SY STE RI L ERN ME NT EM YEE ETI REM ENT M |
415 | 0,0 008 % |
||||
| MS CI E AFE SM ALL CA P PR OV IND EX SEC CO MM ON TR F |
4.26 4 |
0,0 079 % |
||||
| MU LTI -ST YLE , MU LTI -MA NA GER FU ND S PL C |
29.4 00 |
0,0 546 % |
||||
| MU NIC IPA L E MP LOY EES AN NU ITY AN D B ENE FIT FU ND OF CH ICA GO |
2.42 4 |
0,0 045 % |
||||
| MU NIC IPA L E MP LOY EES AN NU ITY AN D B ENE FIT FU ND OF CH ICA GO |
10.6 00 |
0,0 197 % |
||||
| NIC IPA LOY EES ` RE SY STE M O ICH IGA MU L E MP TIR EM ENT F M N |
9.36 8 |
0,0 174 % |
||||
| NA TIO NA L C OU NCI L F OR SOC IAL SE C F UN D |
1.15 9 |
0,0 022 % |
||||
| NA TIO NA L P ENS ION SE RVI CE |
48.2 00 |
0,0 896 % |
| NA TIO NA L P ENS ION SE RVI CE |
2.16 0 |
0,0 040 % |
||||
|---|---|---|---|---|---|---|
| NA TIO NA ENS ION SE CE L P RVI |
7.58 3 |
0,0 141 % |
||||
| NA TIO NA L R AIL ROA D R ETI REM ENT INV EST ME NT TRU ST |
18.8 80 |
0,0 351 % |
||||
| NA TIO NA L W EST MIN STE R B AN K P LC AS TRU STE E O F K ES STR AT INV F |
3.40 9 |
0,0 063 % |
||||
| NA TIO NW IDE DIV ERS E M AN AG ERS FU ND |
657 | 0,0 012 % |
||||
| NEW YO RK STA TE TEA CHE RS RET IRE ME NT SYS TEM |
9.99 7 |
0,0 186 % |
||||
| NO DA KOT A S TAT VES BO ARD RTH E IN TM ENT |
17.4 00 |
0,0 323 % |
||||
| NO RTH DA KOT A S TAT E IN VES TM ENT BO ARD |
62.3 54 |
0,1 159 % |
||||
| NO RTH ERN TR UST GL OBA L IN VES TM ENT S C OLL ECT IVE FU ND S T RU ST |
16.1 24 |
0,0 300 % |
||||
| NTG I-QM CO MM ON DA ILY AL L C OU NTR Y W ORL D E |
657 | 0,0 012 % |
||||
| NU ME RIC AB SOL UTE RE TUR N F UN D L P N UM ERI C IN VES TOR S LI MIT ED |
12.1 20 |
0,0 225 % |
||||
| RIC AB SOL P O GIE CIA SER VIC ES NU ME UTE D R ETU RN FUN D L R F IDU RY LTD NUM ERI C M ULT I ST RAT EGY MA RKE T N EUT RAL LEV ERE D O FFS HOR E FU ND LIM ITED |
620 921 |
0,0 012 % 017 % |
||||
| NUM ERIC MU LTI STR ATE GY M ARK ET N EUT RAL LEV ERE D OF FSH ORE FUN D LI MIT ED E SMM ULO F C/ O NU MER IC IN VES TOR S LL C |
92 | 0,0 0,0 002 % |
||||
| NUM ERIC MU LTI STR ATE GY M ARK ET N EUT RAL LEV ERE D OF FSH ORE FUN D LT D NU MER IC IN VES TOR S LIM ITED LIA BILI TY C OMP ANY |
3.28 0 |
0,0 061 % |
||||
| NU ME RIC SO CIA LLY AW ARE MU LTY ST RAT EGY FU ND LT D |
604 | 0,0 011 % |
||||
| NU ME RIC SO CIA LLY AW ARE MU LTI -ST RAT EGY FU ND LT D E SM SAM MN CO NU ME RIC INV EST ORS LL C |
32 | 0,0 001 % |
||||
| NU ME RIC WO RLD MA RKE T N EUT RAL ON SHO RE FOU ND II L P N UM ERI C IN VES TOR S LL C |
1.44 0 |
0,0 027 % |
||||
| OIL INV EST ME NT COR POR ATI ON LT D |
375 | 0,0 007 % |
||||
| OIL EST COR POR ATI ON ES M C /O N C IN VES TOR S LL C INV ME NT LT D. - UM ERI |
86 | 0,0 002 % |
||||
| ON EPA TH GLO BAL SH ARE S - SM ALL CA P U NH EDG ED) IND EXP OO L |
156 | 0,0 003 % |
||||
| OPT IMI X W HO LES ALE GL OBA L S MA LLE R C O |
10.0 60 |
0,0 187 % |
||||
| ORE GO N P UBL IC E MP LOY EES RE TIR EM ENT SY STE M |
80.5 50 |
0,1 497 % |
||||
| PAN AG ORA DY NA MIC GL OBA L E XTE ND ED ALP HA FUN D L TD |
4.27 5 |
0,0 079 % |
||||
| SIO ESE S IN VES UST PEN N R RVE TM ENT TR FU ND |
12.1 51 |
0,0 226 % |
||||
| PEN SIO ND AN MA RK PEN SIO NSF ORS IKR ING SAK TIE SEL SKA B |
18.9 90 |
0,0 353 % |
||||
| PIM INV EST ME NTS , IN C |
9.51 7 |
0,0 177 % |
||||
| POL AR CAP ITA L FU ND S PL C AR ITA AL |
20.6 66 |
0,0 384 % 717 |
||||
| POL CAP L G LOB FIN AN CIA LS TRU ST PL POL ICE AN SY STE M O CIT Y O OIT D F IRE RE TIR EM ENT F T HE F D ETR |
200 .000 12.8 00 |
0,3 % 238 % |
||||
| POL ICE ME N`S AN NU ITY AN D B ENE FIT FU ND OF CH ICA GO |
7.89 4 |
0,0 0,0 147 % |
||||
| PUB LIC EM PLO YEE S R ETI REM ENT SY STE M O F M ISS ISS IPI |
7.96 3 |
0,0 148 % |
||||
| LIC PLO S R SY STE M O F O PUB EM YEE ETI REM ENT H |
5.24 3 |
0,0 097 % |
||||
| PUB LIC EM PLO YEE S R ETI REM ENT SY STE M O F O H |
3.71 3 |
0,0 069 % |
||||
| PUB LIC EM PLO YEE S R ETI REM ENT SY STE M O F O H |
3.70 3 |
0,0 069 % |
||||
| PUB LIC SC HO OL TEA CHE RS` PE NSI ON AN D R ETI REM ENT FU ND OF CH ICA GO |
11.9 00 |
0,0 221 % |
||||
| RAY MO ND JAM ES FIN AN CIA L IN C |
487 | 0,0 009 % |
||||
| REG S D OU SJA NS IME DE RE NTE U M VEM ENT DE RDI |
4.65 3 |
0,0 086 % |
||||
| REX AM PE NSI ON PL AN |
8.12 9 |
0,0 151 % |
||||
| ROG ERS CAS EY TAR GET SO LUT ION S LL C. |
1.19 5 |
0,0 022 % |
||||
| RU SSE LL INV EST ME NT COM PAN Y - RU SSE LL INT ERN DE VEL OPE D M KT F |
6.41 0 |
0,0 119 % |
||||
| RU SSE LL SM ALL ER COM PAN IES PO OL |
4.74 7 1.64 7 |
0,0 088 % 031 % |
||||
| SCIE NS G ROU P AL TER NAT IVE STR ATE GIES PCC LIM ITED ACT ING IN R ESPE CT O F ITS SILV ER G AMM A CE LL SEI GL OBA L M AST ER FUN D P LC |
48.1 57 |
0,0 0,0 895 % |
||||
| SEI LU PUS AL PHA PA N E URO PEA N S MA LL CAP PO OL |
55.2 47 |
0,1 027 % |
||||
| SEM PRA EN ERG Y P ENS ION MA STE R T RU ST |
531 | 0,0 010 % |
||||
| SHE LL CON TRI BUT ORY PE NSI ON FU ND |
14.4 15 |
0,0 268 % |
||||
| SHE LL CON TRI BUT ORY PE NSI ON FU ND |
61.9 00 |
0,1 150 % |
||||
| SHE LL TRU ST (BE RM UD A) L IMI TED AS TR UST EE |
1.70 0 |
0,0 032 % |
||||
| SHE LL T RUS T (B ERM UDA ) LT D A S TR UST EE O F TH E SH ELL OV ERS EAS C.P . FU ND |
13.0 00 |
0,0 242 % |
||||
| SHE LL T RUS T (B ERM UDA ) LT D A S TR UST EE O F TH E SH ELL OV ERS EAS C.P . FU ND |
5.74 9 |
0,0 107 % |
||||
| SLI GL OBA L S ICA V G LOB AL FOC USE DST RAT EGI ES FUN D |
4.13 9 |
0,0 077 % |
||||
| SPD R S &P WO RLD (EX -US ) ET F |
7.79 2 |
0,0 145 % |
||||
| SS B K A ND TR UST CO MP AN Y IN V F UN DS FOR TA XEX EM PT RET IRE ME NT PL |
5.32 2 |
0,0 099 % |
||||
| SS B K A ND TR UST CO MP AN Y IN V F UN DS FOR TA XEX EM PT RET IRE ME NT PL |
11.6 79 |
0,0 217 % |
||||
| SS B K A UST CO AN DS FOR TA ND TR MP Y IN V F UN XEX EM PT RET IRE ME NT PL |
8.51 1 |
0,0 158 % |
||||
| SSG A S PDR ET FS E URO PE II P UBL IC L IMI TED CO MP AN Y STA NLI B F UN DS LIM ITE D S TAN DA RD BAN K H OU SE |
2.26 8 16.8 40 |
0,0 042 % 313 % |
||||
| STA TE OF ALA SKA RE TIR EM ENT AN D B ENE FIT S PL AN S |
194 | 0,0 0,0 004 % |
||||
| STA TE UN IVE RSI TIE S R ETI REM ENT SY STE M |
64.6 00 |
0,1 200 |
||||
| STI CHT ING NSI OEN FON DS HO REC A & CA ING PE TER |
1.15 3 |
% 0,0 021 % |
||||
| STI CHT ING SH ELL PE NSI OEN FON DS |
72.7 62 |
0,1 352 % |
||||
| STI CHT ING SH ELL PE NSI OEN FON DS |
32.7 71 |
0,0 609 % |
||||
| CHE RS` SY STE M O STA OF INO IS TEA RE TIR EM ENT F T HE TE ILL |
14.3 00 |
0,0 266 % |
||||
| TEA CHE RS` RE TIR EM ENT SY STE M O F T HE STA TE OF ILL INO IS |
10.1 18 |
0,0 188 % |
||||
| TEX TRO N IN C. M AST ER TRU ST |
41.2 00 |
0,0 766 % |
||||
| THE BO EIN G C OM PAN Y E MP LOY EE RET IRE ME NT PLA NS MT |
7.26 4 |
0,0 135 % |
||||
| THE RE TIR EM ENT BE NEF IT T RU ST OF THE R.R . DO NN ELL EY & S ON S C O. |
39.3 00 |
0,0 730 % |
||||
| RO CKE FO DA TIO THE FEL LER UN N |
4.75 0 |
0,0 088 % |
||||
| THE ST ATE OF CO NN ECT ICU T A CTI NG THR OU GH ITS TR EAS URE R |
3.49 9 |
0,0 065 % |
||||
| THR IVE NT PAR TNE R W ORL DW IDE AL LOC ATI ON FU ND THR IVE NT PAR TNE R W ORL DW IDE AL LOC ATI ON PO RTF OLI O |
20.3 22 40.8 70 |
0,0 378 % 760 % |
||||
| TRE ASU RER OF THE STA TE O F NO RTH CAR OLI NAE TY INV EST MEN T FU ND POO LED |
16.5 00 |
0,0 307 % |
||||
| QUI | 0,0 |
| TRI NIT Y H EAL TH COR POR ATI ON |
3.50 0 |
0,0 065 % |
||||||
|---|---|---|---|---|---|---|---|---|
| TRI NIT Y H EAL TH PEN SIO N P LAN |
3.40 0 |
0,0 063 % |
||||||
| O S IGM A A BSO POR TFO LIO C C ORP ORA TIO N S ICE CO AN TW LUT E R ETU RN LL ERV MP Y |
4.03 5 |
0,0 075 % |
||||||
| TW O S IGM A E QU ITY PO RTF OLI O, L LC |
5.41 6 |
0,0 101 % |
||||||
| TW O S IGM A S PEC TRU M P ORT FOL IO, LLC |
5.61 6 |
0,0 104 % |
||||||
| DIC TS ST UA W R ETI REE ME AL BEN EFI TRU |
324 | 0,0 006 % |
||||||
| UB S E TF |
1.11 1 |
0,0 021 % |
||||||
| UN ISU PER |
26.4 69 |
0,0 492 % |
||||||
| UN IVE RSA L IN VES T B AY VK A1 FO ND S |
79.7 00 |
0,1 481 % |
||||||
| UPS GR OU P T RU ST |
4.19 9 |
0,0 078 % |
||||||
| UTA H S TAT SY STE MS E R ETI REM ENT |
1.01 2 |
0,0 019 % |
||||||
| VA ILS BUR G F UN D L LC |
15.5 00 |
0,0 288 % |
||||||
| VA NG UA RD INT ERN ATI ON AL SM ALL CO MP AN IES I |
2.51 6 |
0,0 047 % |
||||||
| VA NG UA RD INV EST ME NT SER IES , PL C |
2.80 0 |
0,0 052 % |
||||||
| VFM GL OBA L S MA LL COM PAN IES TR UST |
19.9 71 |
0,0 371 % |
||||||
| GIN IA R SY STE VIR ETI REM ENT M |
9.03 9 |
0,0 168 % |
||||||
| VIR GIN IA R ETI REM ENT SY STE M |
143 .560 |
0,2 668 % |
||||||
| VO YA MU LTI -MA NA GER INT ERN ATI ON AL SM ALL CA P FU ND |
3.65 4 |
0,0 068 % |
||||||
| WA SHI NG TON ST ATE INV EST ME NT BOA RD |
1.43 2 |
0,0 027 % |
||||||
| WE ST VIR GIN IA I NV EST ME NT MA NA GEM ENT BO ARD |
18.2 81 |
0,0 340 % |
||||||
| WIS DO MT REE EU ROP E H EDG ED SM ALL CAP EQ UIT Y F UN D |
16.6 30 |
0,0 309 % |
||||||
| WIS DO MT REE EU ROP E S MA LLC AP DIV IDE ND FU ND |
291 .807 |
0,5 423 % |
||||||
| WIS DO MT REE INT ERN ATI ON AL SM ALL CAP DIV IDE ND FU ND |
81.0 29 |
0,1 506 % |
||||||
| WIS DO ISS C L CO AN MT REE UER PU BLI IMI TED MP Y |
6.59 2 |
0,0 123 % |
||||||
| WIS DO MT REE ISS UER PU BLI C L IMI TED CO MP AN Y |
75 | 0,0 001 % |
||||||
| ZEB RA GLO BAL LIQ UID ITY AR BIT RAG E F UN D L P |
6.23 1 |
0,0 116 % |
||||||
| TO TAL |
0 | 0,00 00% |
40.1 48.4 16 |
74,6 099 % |
330 | 0,00 06% |
57.9 43 |
0,10 77% |
Art.1) The company is a public limited company having the name "BANCA IFIS S.p.A.".
Art.2) The company has its registered office in Mestre – Venice. It is permitted to set up branches, subsidiaries, offices, agencies, representative offices and the like, in Italy and abroad. The company Headquarters is located at the company's registered office.
Art.3) The terms of existence of the company will expire on 31 (thirty-first) of December 2050 (two thousand and fifty) but can be extended with a resolution by the Shareholders' Meeting. In cases of such a resolution to extend the company's duration, those shareholders who have not taken part in the approval of resolution do not have the right to recede.
Art.4) The company's purpose is to collect public savings and to grant credit in its various forms, in Italy and abroad, operating in compliance with the regulations and laws in force.
Observing the legal provisions in force, Banca IFIS can carry out all banking, financial and investment operations and services, create and manage open pension funds and, in general, effect any other operations that are instrumental or connected to the achievement of its business purpose.
In carrying out its management and coordination activity and in its capacity of parent company to the Banca IFIS Group as per article 61, paragraph 4 of the Lgs. Decree 385/1993, the company guides the members of the group in the execution of Bank of Italy's instructions, in the interest of Group stability.
The company can issue bonds in accordance with the laws and regulations in force.
Art. 5) The share capital is 53,811,095.00 (fifty-three million, eight hundred and eleven thousand, and ninety-five point zero zero) Euro, represented by 53,811,095.00 (fifty-three million, eight hundred and eleven thousand, and ninety-five) ordinary shares of a nominal value of 1 (one) Euro each.
Art.6) Shareholders' Meetings' resolutions, taken in conformity with the law and the Articles of Incorporation, obligate all shareholders, whether absent or dissenting. Shareholders who have not participated in the approval of resolutions concerning the introduction or removal of restrictions to the circulation of the bank's shares do not have the right to recede.
Shareholders' Meetings can be ordinary and extraordinary, as per the law.
The Meetings can be held under convening beyond the second in adherence with the provisions of the law.
The Shareholders' Meetings can be held away from the registered office, provided that they take place in Italy.
Art.7) Every share gives the right to vote.
Art.8) The Ordinary Shareholders' Meeting is summoned at least once a year, within 120 (one hundred and twenty) days from the closing of the accounting year, to deliberate on matters of the shareholders' competence as laid down by the law and the Articles of Incorporation.
Art.9) The Shareholders' Meeting may be attended by holders of voting rights for whom the Company has received the notification issued by the intermediary at the end of the third day of open trading preceding the date set for the Shareholders' Meeting on first call. The communication is made based on the evidence at the end of the seventh accounting day of the seventh day of open trading set for the Shareholders' Meeting on first call. However, without prejudice to legitimate attendance and the exercise of the right to vote should such communication be received by the Company beyond the aforementioned term, provided that this is before the start of the Shareholders' Meeting the call notice refers to.
The voting right holders may have themselves represented in the Shareholders' Meeting, pursuant to the law, by means of written proxy or proxy granted by electronic means.
The electronic notification of the proxy may be made using a special form available on the Company's website.
The Company designates for each Shareholders' Meeting, indicating it accordingly in the notice to convene, one or more individuals to whom the holders of voting rights can grant, following the methods established by applicable normative provisions, a proxy with voting instructions on all or some of the proposals on the agenda. The proxy has effect with regard to the proposals for which voting instructions have been provided.
With regards the majorities for the validity of resolutions and the drafting of the minutes, reference is made to the provisions of the law, to applicable regulations, to the Articles of Incorporation and to the Shareholders' Meeting Regulations.
Art.10) The Ordinary Shareholders' Meeting approves the remuneration and incentive policies. In particular, the Ordinary Shareholders' Meeting, in addition to setting the remuneration due to the bodies it has nominated also approves:
Remuneration due to the Board of Directors is established upon their nomination or during Shareholders' Meetings, as per article 2389 of the Italian Civil Code. In compliance with the Articles of Incorporation, and having obtained approval from the Board of Statutory Auditors, remuneration due to Directors with particular roles may be established by the Board of Directors. The Shareholders' Meeting may set an overall amount of remuneration for all Directors, including those with particular roles.
Art.11) The Company is managed by a Board of Directors composed of five to fifteen members, elected by the Shareholders' Meeting. They must have such a professionalism and authoritativeness to ensure a very high level of discussion inside the body they belong to and to give a significant contribution to the formation of the will of such body and at least a fourth of the members must have the requirement of independence.
The make-up of the corporate bodies must reflect an adequate degree of diversification in terms, among other things, of competences, experiences, age, gender, international projection.
For the appointment or the co-optation of the directors, the Board of Directors identifies in advance its quality-quantitative make-up that is considered best, identifying and motivating the theoretical profile (including the characteristics of professionalism and of independence, if necessary) of the candidates.
The shareholders must be informed in due time of the results of the analyses made by the Board of Directors, so that the selection of the candidates to be submitted may take into account the required professionalisms. The above without prejudice to the possibility for the shareholders to carry out their own assessment on the best make-up of the body and to submit candidates consistent therewith, motivating any differences with the analyses performed by the Board.
The members remain in office for a period not exceeding three years, established at the moment of nomination, and their term expires on the date of the Annual Shareholders' Meeting convened to approve the annual report for the last year of their office.
The nomination of the members of the Board of Directors is based on lists, submitted by the shareholders, in which the candidates are listed progressively and the number of candidates cannot exceed the maximum number of members provided for by the Articles of Incorporation.
The right to submit a list is reserved to shareholders that, at the moment in which the list is submitted, own, either individually or together with others, at least 1% (one percent) of ordinary shares, or other lesser equity investment threshold that – as per laws in force – will be stated in the convening notice for the Shareholders' Meeting called to nominate the members of the Board of Directors.
No shareholder can submit or vote for, not even through another person or trust companies, more than one list. This is also the case for shareholders belonging to the same group and/or shareholders who are part of a shareholders' agreement involving the company's shares. Each candidate can only be present on one list or he/she will be considered ineligible.
The lists are filed at the Company's headquarters by the twenty-fifth day prior to the date of the Shareholders' Meeting on first call and are made available to the public at the registered office, on the Company's website and by other means allowed by the regulations in force, at least twenty-one days prior to the Shareholders' Meeting on first call.
Ownership of the minimum shareholding for submission of the lists is determined with regard to the shares registered in the name of the individual shareholder, or of multiple shareholders jointly, on the date on which the lists are filed with the Company. For the purpose of proving ownership of the number of shares needed to submit the lists, the shareholders may also submit the relevant certification after filing, provided the submission is made within the time limit established for the publication of the lists by the Company. Lists of candidates must include:
information on the identity of the shareholders who submitted the lists, indicating the overall percentage of the shareholding held;
a declaration by the shareholders different from those who hold, even jointly, a controlling or majority quota, declaring that no relationship exists with the latter as provided for by art.147-ter of Lgs. Decree 58/1998 and art.144-quinquies of the "Regulation implementing Italian Legislative Decree 58/1998, concerning the discipline of issuers";
an exhaustive list of the personal and professional characteristics of the candidates, together with a declaration that such candidates satisfy all the legal requirements and accepts their candidacy.
No subjects not satisfying the requisites of honourability, professionalism and independence as stated by article 26 of the Lgs. decree 385/1993 may be included in a list of candidates. In addition, each list must contain:
Any list which does not respect the above will be considered as not presented.
Elections of the members of the Board of Directors are carried out as follows:
1) all the Directors but one are chosen from the list that received the greatest number of votes in the Shareholders' Meeting according to the order in which they appear on the list.
2) the remaining Director is chosen from the list that received the greatest number of votes in the Shareholders' Meeting and, under article 147-ter, paragraph 3 of the Lgs. Decree 58/1998, has no connection, even indirect, with the shareholders who have submitted or voted for the list with the highest number of votes overall.
In case such selection criteria fail to guarantee a proper balance between genders in the ratio established each time by the law, a sliding mechanism is applied to the selection from the list which obtained, during the Shareholders' Meeting, the highest number of votes, based on the consecutive order with which the candidates are indicated. Such mechanism excludes the candidate or candidates of the more represented gender and reselects the candidate or candidates of the missing gender.
If only one list of candidates is submitted, all but one member of the Board of Directors will be elected from this list. The shareholders within the Shareholders' Meeting who have voting rights as per this paragraph will themselves propose the candidate for the remaining position on the Board who will be nominated, by a voting majority excluding the vote of the shareholders who presented the above list.
In any case, at least a quarter of the members of the Board of Directors must satisfy the independence requirements both as per the Corporate Governance Code for listed companies laid down by the Italian Stock Exchange and as per article 148, paragraph 3 of the Lgs. Decree 58/1998.
Should, during the accounting year, less than a quarter of Directors have these requisites, the Board of Directors will resolve to dismiss one or more of its members who have lost these requisites, according to the criteria of less time in office, or, equally, of younger in age and will then resolve to co-opt one or two independent members.
The laws in force, without the involvement of list voting, govern any eventual replacement of members of the Board of Directors, except in cases involving the termination of all Directors.
In addition, if a Director from the list which received the highest number of votes in the Shareholders' Meeting and has no connection, even indirect, with the shareholders who presented or voted for the list with the highest number of votes overall, as per article 147-ter, paragraph 3 of the Lgs. Decree 58/1998, should cease to be a Director, the Board of Directors will examine first if the candidates from the same list are still available, working top down, and will proceed to co-opt another Director from this list based on the top-down criteria. In case of termination of a director belonging to the less represented gender, the co-opted director will in any event belong to the same gender.
Art.12) The Board of Directors selects, among its members, a Chairman and, if so desired, a Deputy Chairman. In case of absence or impediment of the Chairman, the Deputy Chairman shall take the chair of meetings. If both should be missing or impeded, the C.E.O. shall take the chair. In cases where all three are not present, the most elderly Director shall take the chair.
The Chairman promotes the efficient operation of the corporate governance, guaranteeing the balance of the powers with the C.E.O. and the other executive directors; he/she acts as the interface with the audit body and the internal committees. To this end he/she, besides having the characteristics required by the directors, must also have the necessary specific competences to fulfil the tasks assigned. To perform effectively his/her task, the Chairman must have a nonexecutive role and not perform, not even in fact, management functions.
The Chairman guarantees the effectiveness of the Board debate and does his/her best for the resolutions taken by the Board are the result of an adequate debate and of the conscious and reasoned contribution of all its members. To these purposes, the Chairman acts so that:
The Board of Directors appoints the Secretary and his/her replacement. The Secretary takes care of taking and filing the Board minutes for every Meeting, which must be signed by the person who chairs the Meeting and by the secretary him/herself.
Art.13) The Chairman is responsible for convening the Board of Directors by means of letter, fax, email or any other suitable form, sent to every Director's domicile at least three days before the expected meeting date. In urgent cases, the convocation can also be transmitted even only one day before the date set for the meeting. In the preparation of the agenda and in the running of the Board debate, the Chairman shall ensure that the matters of a strategic relevance are handled first, thus guaranteeing that all the necessary time is dedicated to their discussion.
Board of Directors' Meetings can also be validly held via telecommunication means, provided that all the participants can be identified by the Chairman and by all other members and that they are permitted to: take part in the meeting, intervene - in real time - in the discussions taking place, receive, transmit and view documents related to the matters at hand and that all the above actions are written in the Board minutes. In such cases, the meeting of the Board of Directors is considered to be held in the location in which the Chairman and the Secretary are, so as to allow the minutes to be taken.
The Board of Directors' resolutions are valid if the majority of the Directors is present and if such resolutions are taken with the absolute majority of those present.
The Board of Directors meets at time intervals that are as a rule not superior to three months, and every time the Chairman deems it necessary to do so, or the C.E.O. or at least three Directors request the Chairman to convene one. The Board of Directors can also be summoned by at least two Statutory Auditors giving prior notice to the Chairman of the Board of Directors.
Art.14) The Board of Directors is responsible for all the powers of ordinary and extraordinary administration, excluding those that, by law, lie within the competence of the Shareholders' Meeting.
Besides duties that cannot be delegated by law, the Board of Directors is exclusively responsible for resolutions regarding:
the business model, the strategic guidelines and operations and the business and financial plans;
the guidelines of the internal check system and the verification that the same is consistent with the set strategic guidelines and the risk appetite and that the same is able to capture the evolution of the corporate risks and their interactions;
the criteria to identify the more significant operations to submit to the prior examination of the risk control function;
the amendments of the Articles of Incorporation according to legal provisions;
mergers by incorporation with other companies, in the cases provided for by articles 2505 and 2505-bis of the Italian Civil Code;
the reduction of capital in case of withdrawal;
the indication of which Directors, in addition to those stated in these Articles of Incorporation, can represent the company;
the setting up of committees within the Board of Directors;
the Risk Appetite Framework and the risk management policies as well as, having heard the opinion of the Board of Statutory Auditors, the evaluation of the completeness, adequacy, functionality, and reliability of the internal control and risk management systems and of the adequacy of the organisational, administrative and accounting structure;
the determination of the general organisation of the bank's structure and of the consequent internal regulations;
the setting up and regulations, also for the structure of the signatory powers, of branches, subsidiaries, agencies, counters, representative offices and addresses, both in Italy and abroad, as well as their closing;
the transfer of the registered office within the national territory;
the buying and selling of equity investments, companies and/or companies divisions bringing about changes in the group, or investments and/or disinvestments that exceed 1% (one percent) of the bank's net equity as shown in the last approved financial statements of the Company;
the determination of criteria for carrying out Bank of Italy's instructions;
the nomination, dismissal and remuneration of General Management members;
the remuneration and incentive policies to submit to the shareholders' meeting, the review, at least on a yearly basis, of such policies and the responsibility for their correct implementation, with the purpose of also ensuring that the remuneration policy is adequately documented and accessible within the corporate structure;
the setting up of the corporate audit functions, the related tasks and responsibilities, the coordination and collaboration methods, the information flows between such functions and between them and the corporate bodies;
the appointment, after having heard the opinion of the Board of Statutory Auditors, of subjects responsible for the internal auditing functions;
the risk management process and the assessment of its compatibility with the strategic directions and with the risk management policies;
the policies and the processes for the assessment of the corporate activities, and, in particular, of the financial instruments, verifying their continuous adequacy and setting also the top limits of the bank's exposure to financial instruments or products of an uncertain or difficult evaluation;
the process for the development and the validation of the internal systems for the risk assessment not employed for regulatory purposes and the periodical assessment of their correct working;
the process for the approval of new products and services, the start of new activities, the entry into new markets;
the corporate policy in the matter of outsourcing of corporate functions;
the Code of Ethics which the members of the corporate bodies and the employees shall have to comply with in order to mitigate the operational and reputational risks of the bank and to favour the spread of a culture of the internal controls.
The directors report promptly, but at least on a quarterly basis, to the Board of Statutory Auditors during Board of Directors' Meetings, or even directly, in writing, about the activities performed, the most significant operations carried out by the company or its controlled companies and situations that could result in conflict of interest.
Art.15) The Board of Directors appoints a C.E.O. among its members, who is assigned the task of managing the corporate operations with the goal of realizing the directions and to achieve the strategic corporate goals as approved by the Board of Directors, and fixes his/her management powers. It can also delegate particular duties to individual Directors, all the above pursuant to and within the limits of article 2381 of the Italian Civil Code. In addition, the Board may also appoint proxies "ad negotia" for certain deeds or categories of deeds and special proxies. The implementation of the strategic directions and the corporate management is the responsibility of the C.E.O., who performs this task also with the help of the General Management. The C.E.O. reports to the Board of Directors on his/her activities on a quarterly basis.
The C.E.O.:
defines and takes care of the implementation of the risk management process;
defines and takes care of the implementation of the approval process (people in charge, procedures, conditions) of investments in new products, the distribution of new products or services or the start of new activities or the entry in new markets;
defines and takes care of the implementation of the corporate policy in the matter of outsourcing of corporate functions;
defines and takes care of the implementation of the processes and of the methodologies for the assessment of the corporate assets, and, in particular, of the financial instruments; he/she also takes care of their continuous update;
defines the internal IT flows with the goal of ensuring the corporate bodies and the auditing corporate functions with the full knowledge and governability of the risk factors and the verification of the compliance with the Risk Appetite Framework;
within the Risk Appetite Framework, if the tolerance threshold has been defined, he/she authorizes the exceeding of the risk appetite within the limit represented by the tolerance threshold and informs promptly thereof the Board of Directors, identifying the management measures necessary to bring back the undertaken risk within the set goal;
implements the initiatives and the interventions necessary to guarantee continuously the completeness, the adequacy, the functionality and the reliability of the internal audit system and informs the Board of Directors of the results of the verifications performed;
prepares and implements the necessary correction or adjustment interventions in case deficiencies or anomalies are detected, or following the introduction of new significant products, activities, services or processes;
implements the ICAAP process;
With specific reference to the credit and counterparty risks, in line with the strategic directions, approves specific guidelines intended to ensure the efficiency of the management system of the risk mitigation techniques and to guarantee the compliance with the general and specific requirements of such techniques.
In urgent cases, the C.E.O. may deliberate any business or transaction not falling strictly under the Board of Directors' exclusive competence, informing thereof the Chairman immediately and the Board of Directors at the first Board meeting that follows.
Art.16) The Board of Directors may also delegate, setting in advance the limits thereof, powers of credit-granting and day-to-day management to personnel of the Company on the basis of their functions and/or level of seniority, singularly and/or as member of a Committee chaired by a person appointed by the Board itself.
The decisions thus taken must be made known to the Board itself, according to the formalities and frequency fixed by the Board of Directors.
Art.17) The Board of Directors appoints a General Manager and may also appoint one or more Deputy General Managers, deciding their assignments and the duration of their office. The General Manager takes care of the implementation the C.E.O.'s management directives and assists him/her in the execution of the strategic directions and of the corporate management.
The General Manager is head of the personnel of the Company and carries out his assignment within the powers granted him/her by the Board of Directors.
The General Manager participates in Board of Directors' Meetings in an advisory role. In case of absence or impediment, the Board of Directors will replace the General Manager with one of the Deputy General Managers, if appointed. Towards third parties, the Deputy General Manager's signature, who replaces the General Manager, is proof of the absence or impediment of the latter.
Art.18) General Management is made up of the General Manager and, any nominated Deputy General Managers, if nominated. Together they manage daily business, according to the internal regulations approved by the Board of Directors, managing the personnel dedicated to this purpose.
Art.19) As per article 154-bis of the Lgs. Decree 58/1998 and if the necessary, compulsory approval has been given by the Board of Statutory Auditors, the Board of Directors names a manager who is to be responsible for drawing up the company's financial documents.
This manager must comply with the regulations regarding both the requisite of honourability necessary for election to the position of Statutory Auditor, as per article 2 of Italian D.M. 162 of 30 March 2000, and the requisites of professionalism for election to the position of Director of a public bank, as per article 1, paragraph 1 of the Italian D.M. 161 of 18 March 1998.
The Financial Reporting Officer puts in place suitable administrative and accounting procedures for the drawing up of statutory and consolidated financial reports for the accounting year, together with every other communication of a financial nature, also carrying out any other assignment provided for by the law.
The Board of Directors is responsible for ensuring the Financial Reporting Officer has the necessary powers and means to accomplish the assignments attributed to him/her and to ensure that administrative and bookkeeping procedures are effectively respected.
Under article 154-bis of Lgs. Decree 58/1998, the Board of Directors gives this manager the necessary powers and means to accomplish the assignments attributed to him/her at nomination.
The Financial Reporting Officer is governed by the provisions governing the Directors of the company for their area of responsibility, excepting the activities that fall under the normal working relationship with the company.
Art.20) Representation of the Company and the placing of the corporate signature, in the face of third parties and legally, are entrusted to the Board of Directors' Chairman, the C.E.O. and the General Manager. For specific categories of actions and business, the Board of Directors can delegate the power to sign on behalf of the company by proxy, even to individuals who are not part of the company. The right to name proxies for specific acts and categories of actions by the C.E.O. is included within the powers given to him/her by the
Board of Directors.
To facilitate the company in carrying out its business, in certain cases and for specific categories of operations, the Board of Directors can determine and authorize managers, cadres and general employees to sign, either singularly or jointly, on behalf of the company.
Art.21) The Board of Statutory Auditors is composed of three Standing Auditors and two Alternate Auditors.
The appointment of the Board of Statutory Auditors is based on lists submitted by the shareholders, in which the candidates are listed progressively and the number of candidates cannot exceed the number of Statutory Auditors to be elected. Each list is composed of two sections: one for Standing Auditor candidates, the other one for Alternate Auditor candidates.
The right to submit a list is reserved to shareholders that, at the moment in which the list is presented, own at least 1% (one percent) of ordinary shares, or other lesser equity investment threshold that – as per laws in force – will be stated in the convening notice for the Shareholders' Meeting called to appoint the Statutory Directors.
No shareholder can submit or vote for, not even through another person or trust companies, more than one list. This is also the case for shareholders belonging to the same group and shareholders who are part of a shareholders' agreement involving the company's shares. Each candidate can only be present on one list or he/she will be considered ineligible.
The lists are filed at the Company's headquarters by the twenty-fifth day prior to the date of the Shareholders' Meeting on first call and made available to the public at the registered office, on the Company's website and by the other means established by the regulations in force, at least twenty-one days prior to the Shareholders' Meeting on first call.
Ownership of the minimum shareholding for submitting the lists is determined with regard to the shares registered in the name of the individual shareholder, or of multiple shareholders jointly, on the date in which the lists are filed with the Company. For the purpose of proving ownership of the number of shares needed to submit the lists, the shareholders may also submit the relevant certification after filing, provided the submission is within the time limit established for publication of the lists by the Company.
Lists of candidates must include:
information on the identity of the shareholders who submitted the lists, indicating the overall percentage of the shareholding held;
a declaration by the shareholders different from those who hold, even jointly, a controlling or majority quota, declaring that no relationship exists with the latter as provided for by art.144 quinquies of the "Regulation implementing Italian Legislative Decree 58/1998, concerning the discipline of issuers", and neither does any other significant relationship exists;
an exhaustive list of the personal and professional characteristics of the candidates, together with a declaration of the candidates attesting the possession of all the legal requirements and their acceptance of their candidacy.
Statutory Auditors cannot be included on the list of candidates if they cover statutory auditing roles in another five listed companies or, if they do not satisfy the requisite of honourability, professionalism and independence, as stated by the laws in force, or fall into the category of article 148, paragraph 3, of the Lgs. Decree 58/1998.
Each list has to contain at least one candidate for the office of standing auditor and at least one candidate for the office of alternate auditor belonging to the less represented gender. Such prescription does not apply to lists that present less than three candidates.
At the end of the Statutory Auditors' term, they are eligible for reelection.
Elections of Statutory Auditors are carried out as follows:
1) Two Standing Auditors and one Alternate Auditor are chosen from the list that received the greatest number of votes, according to the order in which they appear on the list;
2) The candidate at the top of the list that received the greatest number of votes submitted and voted by shareholders who are not connected to the reference shareholders pursuant to art.148, paragraph 2, of the Lgs. Decree 58/1998, is elected as Standing Auditor. The remaining Alternate Auditor is the candidate at the top of that category in the same list.
In cases where there is a tie between two or more lists, the eldest candidates will be elected to the position of Statutory Auditors.
In case such selection criteria fail to guarantee the presence on the Board of at least one standing auditor and one alternate auditor belonging to the less represented gender, a sliding mechanism is applied to the selection from the list which obtained, during the Shareholders' Meeting, the highest number of votes based on the consecutive order with which the candidates are indicated. Such mechanism excludes the candidate or candidates of the more represented gender and reselects the candidate or candidates of the missing gender.
The Chairman of the Board of Statutory Auditors is the Standing Auditor elected from the minority list.
In the event that only lists with less than three candidates are
presented and there is no candidate of the less represented gender, the presence of an alternate auditor of the less represented gender is not mandatory, whilst the standing members of the Board will be appointed as follows:
1) the chairman by means of drawing from the list that obtains the highest number of votes among the minority lists;
2) one standing auditor by means of drawing from the majority list;
3) one standing auditor by majority vote during the Shareholders' Meeting that, not bound to a list, will be required to appoint a member belonging to the less represented gender.
The term of Statutory Auditor expires or is terminated as per the law and/or if the statutory requirements for their appointment are no longer valid.
In case of replacement of a standing auditor, the alternate auditor belonging to the same list as the replaced auditor takes over, as long as the presence of at least one standing auditor belonging to the less represented gender is guaranteed. Otherwise, the other alternate auditor will take over.
If, notwithstanding the provisions of this article, only one list is proposed or voted for, and on condition that this list received the majority of the votes in the Shareholders' Meeting, three Standing Auditors and two Alternate Auditors will be elected. These parties are chosen respecting the order in which they are shown for each respective role on that list. The Standing Auditor in first place on the list will be appointed Chairman of the Board of Statutory Auditors.
If it becomes necessary to appoint standing and/or alternate Statutory Auditors necessary for the integration of the Statutory Auditors Board, following early termination of the Auditors in office, the Shareholders' Meeting will proceed as follows: if it is necessary to replace Auditors elected from the majority list, the appointment of the Auditor(s) is carried out by majority vote, with no list restrictions. If, instead, it is necessary to replace an Auditor from the minority list, the Shareholders' Meeting will replace him/her by a relative majority vote, choosing among the candidates on the list which featured the Auditor to be replaced and who have confirmed their candidacy at least twenty-five days before the one set for the convening of the Shareholders' Meeting on first call and who have declared they are not ineligible or incompatible and have the requisites necessary for the office.
In the event that this last mechanism does not guarantee the presence of at least one standing auditor belonging to the less represented gender, the appointment will take place by majority vote, with no list restrictions.
Art.22) The Board of Statutory Auditors supervises: a) compliance with the law, the Articles of Incorporation and regulations;
b) compliance with the standards of correct management;
c) the adequacy of the organisational, administrative and accounting structure adopted by the Company and its sound working;
d) the completeness, adequacy, functionality and reliability of the internal control and risk management systems;
e) execution of management and coordination activities by the Bank;
f) other facts and deeds provided for by the law;
fulfilling all the functions delegated in compliance of the relative regulations provided for by the law.
The Board of Statutory Auditors verifies, in particular, the adequate coordination of all functions and structures involved in the internal control system, including the external auditing company entrusted with auditing accounts, promoting, if necessary, the appropriate adjustment measures.
To this purpose, the Board of Statutory Auditors and the external auditing company exchange the significant information and data necessary for the performance of their duties.
The Statutory Auditors, in carrying out any check or assessment, may avail themselves of internal control structures and functions as well as conducting inspections and investigations at any time, even individually.
The Board of Statutory Auditors may ask the Directors, the General Manager, the managers and any other employees any information on corporate operations, trends or specific operations, even if referring to controlled companies. It may exchange information with the corresponding body in the controlled companies about the administration and control systems and the general trend of the company's operations.
It being understood that the Board of Statutory Auditors has the obligation to report to the Supervisory bodies any facts or deeds that might constitute management irregularities or violation of rules of the laws currently in force, it must also notify the Board of Directors of any deficiencies or irregularities identified, requesting the adoption of suitable corrective measures and checking over time the effectiveness of such measures.
Art.23) The accounting year closes on 31 (thirty-first) of December every year.
The Board of Directors draws up the annual financial statements in observance with the Law.
Art.24) The net profit resulting from the balance sheet, less the amount necessary for the compulsory legal reserve, is divided among the shareholders in proportion to the shares held; unless the Shareholders' Meeting specifically deliberates that such profit should be entirely or partially allocated to extraordinary reserves, the Board of Directors or put aside for following accounting years. The dividends not collected are transferred to the Company.
Art.25) Should the company fold in any way and for any reason, the Shareholders' Meeting will establish how the company is to be liquidated and will nominate one or more liquidators, determining the powers of such liquidators.
Art.26) All that is not specifically stated herein is governed by the applicable laws in force.
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