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Oasym SICAVSociete d'lnvestissement ii Capital Variable

Luxembourg

Report and Audited Financial Statementsfor the period from 24 February 2016 (date of incorporation) to 31 December 2016

EBBCCentre6B, route de Treves

L-2633SenningerbergGrand Duchy of LuxembourgR.C.S. Luxembourg B 204.520

o syCONTENTS

Directory 1

Investment Manager's Report 2

Independent Auditor's Report 4

Statement of Net Assets 6

Statement of Operations and Changes in Net Assets 7

Statistical Information 8

Schedule of Investments and Other Net Assets 9

Other Information on Investments 11

Notes to the Financial Statements 12

Appendix 1- Additional Information (unaudited) 17

No subscription can be received on the basis of the financial statements alone. Subscriptions are only valid if made on the basis of the currentProspectus and Key Investor Information Document(s) accompanied by the latest annual report and the most recent semi-annual report, if published

thereafter.

o symDasym SICAV

Directory

Registered Office

EBBCCentre6B, route de TrevesL-2633 SenningerbergGrand Duchy of Luxembourg

Board of Directors

Frank Botman, CEO DasymWilbert van den Haselkamp, CFO DasymSophie Mosnier, Independent Director

Management Company* Depositary and Paying Agent

Carne Global Fund Managers (Luxembourg) S.A.EBBCCentre6B, route de TrevesL-2633 SenningerbergGrand Duchy of Luxembourg

Northern Trust Global Services Limited,Luxembourg Branch6, rue Lou HemmerL-1748 SenningerbergGrand Duchy of Luxembourg

Administrator, Registrar and Transfer Agent Investment Manager and Global Distributor

Northern Trust Luxembourg Management Company S.A.6, rue Lou HemmerL-1748 SenningerbergGrand Duchy of Luxembourg

Dasym Managed Accounts B.V.Flevolaan 41A1411 KC NaardenThe Netherlands

Auditor Legal and Tax Advisors

Ernst & Young S.A.35E, avenue John F. KennedyL-1855 LuxembourgGrand Duchy of Luxembourg

Stibbe Luxembourg6, rue Jean MonnetL-2180 LuxembourgGrand Duchy of Luxembourg

* The Management Company, with the approval and upon recommendation of the Company, has delegated the centraladministration, registrar and transfer agent, global distributor and investment management functions.

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Investment Manager's Report

Dasym Global Opportunities Fund

PerformanceSince the UCITScompliant date on 19 October 2016, The Dasym Global Opportunities Sub-Fund NAV was up 6.8% in EURasof 30 December 2016, while the MSCI World Index Net, total return, including dividends, was up 6.1%.

The Dasym ApproachThe Dasym Global Opportunities Fund is a concentrated long-only equity fund that invests globally into carefully selectedthemes, all relating to changing consumer behavior driven by technology.

Rather than focusing on the companies that directly benefit from the rollout of new technologies, Dasym seeks to findcompanies that are positioned to benefit from second and third round effects. Dasym is convinced that this approach carriesdistinct structural upside, since the stock markets' view of these companies often differs from Dasym's own long-termthematic views.

PortfolioThe fund portfolio consists of approximately 25 stocks with a focus on global developed markets. During the period, themajor contributors to performance were SeaWorld, Level 3, and Alliance Data Systems.

SeaWorld (+42% total return for the holding period) operates 12 destination and regional theme parks in the U.S., many ofwhich showcase SeaWorld's one-of-a-kind zoological collection of over 800 species of animals. Following the 2013documentary film Blackfish, scrutiny increased around SeaWorld's treatment of killer whales in captivity, resulting indecreased attendance and revenues.Dasym took advantage of the weakness in the share price to build a position, believing that the company's financialperformance would recover since the company took several steps to address these issues. In 2016, SeaWorld decided to endorca breeding, it rolled out new attractions and expanded internationally.The share price of the company bounced back from an all-time low in September after the company reported better thanexpected third quarter results. Attendance at the Florida park locations increased, reflecting the positive impact from newattractions, and the company announced a cost optimization program. In December, the company announced a partnershipwith Miral to develop SeaWorld Abu Dhabi, which will be the first SeaWorid Park without killer whales, and the first parkoutside the U.S.

Level 3 (+23%) is one of the largest owners of metro fiber networks in the U.S.The company benefits from the growth of datatraffic as a result of changing consumer behavior. Most of this traffic growth takes place at regional (metro) networksbecause these networks enable mobile operators to offload part of the traffic from their mobile networks to a fixed network.In addition, metro networks are specifically geared towards offering high bandwidth speeds to corporate clients.To create a stronger position in the business services market, CenturyLink - one of the biggest phone companies in the U.S. -agreed to buy Level 3 in October. The takeover bid represented a 40% premium versus the pre-bid share price. The deal isexpected to yield significant synergies for the combined company, since it will enable the next step in CenturyLink'stransformation from its legacy services towards strategic business services.

Alliance Data Systems (+11%) showed a strong performance during the period, primarily on the back of Donald Trumpwinning the presidential election in the United States. Alliance Data Systems (ADS) is a data-driven marketing company thatoffers merchants unique product level (or storekeeping unit, "SKU") data. This data is valuable input for marketingcampaigns, generating higher conversion levels and more effective marketing spending. ADS generates part of its datathrough private-label credit cards and loyalty programs, both subjective to strict regulation. Analysts expect that under theleadership of President Trump financial regulation covering credit and other financial services will soften and that thecorporate tax rate will decline.

The holdings that detracted most from the Sub-Fund's performance over the period were Singapore Post, World WrestlingEntertainment, and HCA holdings.

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Investment Manager's Report (continued)

Singapore Post (-3%) obtained governmental approval for additional investments from Alibaba into Singapore Post, and intothe joint venture Quantium Solutions International ("QSI"). QSI will act as a platform to grow and enhance ecommercelogistics capabilities in Southeast Asia and Oceania, to serve the growing online retail markets in that region. Following thispositive news at the beginning of November, Singapore Post reported disappointing second quarter results that showedhigher ecommerce-related handling costs on the back of higher revenue levels. In addition, the startup costs of a newregional ecommerce hub were higher than expected, due to lower utilization rates. Despite the increased operatingexpenses, Dasym is confident in the future growth profile of Singapore Post. The company is positioned to benefit from theincreasing demand for cross-border ecommerce on the back of their partnership with Alibaba and the significant investmentsinto the right infrastructure.

Media consumption continues to grow, but the audience is increasingly scattered across different media, channels, platformsand devices. In such an environment, the value of audience-attracting content will continue to increase. World WrestlingEntertainment (WWE) (-3%) owns such distinctive audience-attracting content and combines this with its own over-the-topplatform WWE Network and a loyal following. However, the company reported disappointing third quarter results with lowerthan expected gross additions for the WWE Network, possibly as a result of viewers diverting to election coverage or thestart of the National Football League season. The company continues to invest into its talent and platform.

HCA holdings (-6%) is the leading U.S.-listed hospital with best in class EBITDA margins and solid revenue growth. HCA isbuilding out its in-house data analytics capabilities that combined with its large scale and growing outpatient capability,should enable the hospital to improve performance even further. In October and November, the share price suffered frompolitical uncertainty related to the U.S. presidential elections. The Obamacare repeal and replacement promised by Trumphad a negative impact on hospital growth and profitability. HCA's share price began to recover in December, as the impact ofpossible regulatory reforms on the company's bottom-line was smaller than envisioned by the market.

OutlookOver the coming years, the application of new technologies in the everyday life of consumers will accelerate further. As aresult, unexpected structural changes in consumer behavior will occur. These changes will re-rate sectors, creating growthpotential for certain businesses, while undermining the position of others.

Furthermore, as the pace of technological innovation increases, companies will exhibit anticipatory behavior. New conceptswill emerge providing the optimal set-up for companies. This will result in new company alliances, driven by a global wave ofmergers and acquisitions that Dasym expects to continue in the future. Because of this, understanding the strategic value ofdifferent companies within complex value chains will become more important for stock selection.

Dasym is optimally positioned to benefit from both trends: understanding changing consumer preferences driven by newtechnology is its core business, and it has a long history in identifying key assets in complex value chains. Dasym thus believesthat in 2017 it will again be able to realize attractive returns for its investors.

Naarden, 4 April 2017

3

Independent Auditor's Report

To the Shareholders ofDasym SICAVEBBCCentre6B, route de TrevesL-2633 SenningerbergGrand Duchy of Luxembourg

We have audited the accompanying financial statements of Dasym SICAV (the Fund), which comprise the Statement of NetAssets and the Schedule of Investments and Other Net Assets as at 31 December 2016 and the Statement of Operations andChanges in Net Assets for the period from 24 February 2016 (date of incorporation) to 31 December 2016, and a summary ofsignificant accounting policies and other explanatory information.

Responsibility of the Board of Directors of the Fund for the financial statements

The Board of Directors of the Fund is responsible for the preparation and fair presentation of these financial statements inaccordance with Luxembourg legal and regulatory requirements relating to the preparation and presentation of the financialstatements and for such internal control as the Board of Directors of the Fund determines is necessary to enable thepreparation and presentation of financial statements that are free from material misstatement, whether due to fraud orerror.

Responsibility of the "reviseur d'entreprises agree"

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit inaccordance with International Standards on Auditing as adopted for Luxembourg by the "Commission de Surveillance duSecteur Financier". Those standards require that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financialstatements. The procedures selected depend on the judgement of the "reviseur d'entreprises agree", including theassessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making thoserisk assessments, the "reviseur d'entreprises agree" considers internal control relevant to the entity's preparation and fairpresentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, butnot for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by theBoard of Directors of the Fund, as well as evaluating the overall presentation of the financial statements.

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

Opinion

In our opinion, the financial statements give a true and fair view of the financial position of Dasym SICAV as at 31 December2016, and of the results of its operations and changes in their net assets for the period from 24 February 2016 (date ofincorporation) to 31 December 2016 in accordance with Luxembourg legal and regulatory requirements relating to thepreparation and presentation of the financial statements.

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Other matter

Supplementary information included in the annual report has been reviewed in the context of our mandate but has not beensubject to specific audit procedures carried out in accordance with the standards described above. Consequently, weexpress no opinion on such information. However, we have no observation to make concerning such information in thecontext of the financial statements taken as a whole.

Ernst & YoungSociete anonyme

Cabinet de revision agree

Luxembourg, 4 April 2017

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Statement of Net AssetsAs at 31 December 2016

Dasym Global Opportunities Fund

Investments at costUnrealised gain/(Ioss} on investmentsInvestments at ma rket va Iue

Cash at bankFormati on costs, netOther assetsTotal assets

Investment management fees payableOther liabilitiesTotal liabilities

Net assets

Oasym SICAV

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

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Note

2b

2g36

4a6

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EUR

97,271,2807,675,902

104,947,182

6,039,18287,065

553111,073,982

(265,432)(250,218)(515,650)

110,558,332

sym

oDasym SICAV

Statement of Operations and Changes in Net AssetsFor the period from 24 February 2016 (date of incorporation) to 31 December 2016

Dasym Global Opportunities Fund*

Note EUR

Net asset value at the beginning of the period

IncomeNet dividendsTotal income

2f 172,190172,190

ExpensesInvestment Ma nagement feesDeposita ry feesAdmi nistration, Registrar and Tra nsfer Agent feesManagement Company feesTaxationDirectors' fees and expensesOverdraft bank interestOther expensesTotal expenses

(287,831)(13,525)(57,726)(20,148)

(8,654)(15,288)(15,038)

4f, 8 --'(_73....:..,1_9_6.:....)(491,406)

4a4c4d4e510

Net investment (loss) (319,216)

Net realised gains/(Iosses):- on investments- on foreign excha ngeTotal net realised gains

2h2d

139,296(57,196)82,100

Change in net unrealised gains:- on investmentsTotal change in net unrealised gains:

7,675,9027,675,902

Result of operations for the period 7,438,786

Proceeds from shares issued 103,119,546

Net asset value at the end of the period 110,558,332

* The Sub-Fund launched on 22 September 2016.

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

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Statistical Information

Dasym Global Opportunities FundAs at 31 December 2016

EURTotal net assets At 31 December 2016 110,558,332

At 22 September 2016 (launch date)

NAV per shareEUR

B2 At 31 December 2016 1,072.14At 22 September 2016 (launch date)*

Number of shares outstanding

B2 At 31 December 2016 103,119.5457Subscri pti ons 103,119.5457At 22 September 2016 (Iaunch date)**

* The initial offering price was EUR 1,000.00.** The number of Shares issued during the initial offering was 103,119.5457.

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0 symOasym SICAV

Schedule of Investments and Other Net Assets

Dasym Global Opportunities FundAs at 31 December 2016

Market Value %ofHoldings Description Currency EUR Net Assets

Transferable securities listed on an official stock exchange

Equities

Belgium27,268 Barco NV EUR 2,182,531 1.97

2,182,531 1.97Canada

832,233 DHX Medi a Ltd CAD 4,153,891 3.764,153,891 3.76

France80,604 JCDecaux SA EUR 2,251,270 2.04

2,251,270 2.04Netherlands

1,791,073 PostNL NV EUR 7,329,071 6.63498,071 TomTom NV EUR 4,257,013 3.85

11,586,084 10.48Singapore

4,205,489 Singapore Post Ltd SGD 4,043,216 3.664,043,216 3.66

United States24,121 Alliance Data Systems Corp USD 5,225,550 4.7396,740 CenturyLi nk Inc USD 2,181,064 1.97

346,039 First Data Corp USD 4,655,410 4.2132,957 HCAHoldings Inc USD 2,312,849 2.0972,800 IMAX Corp USD 2,167,262 1.9695,851 Level 3 Communications Inc USD 5,121,747 4.6397,105 Liberty Medi a Corp - Liberty Braves USD 1,895,608 1.71

283,489 Live Nation Entertainment Inc USD 7,149,379 6.48171,197 Lumos Networks Corp USD 2,535,290 2.29

47,183 Madison Square Garden Co USD 7,672,298 6.94306,618 National CineMedia Inc USD 4,282,042 3.87

55,004 Nielsen Holdings PLC USD 2,187,644 1.98313,247 Nuance Communications Inc USD 4,425,106 4.00161,033 Premier Inc USD 4,635,186 4.19106,241 Regal Entertainment Group USD 2,074,961 1.88477,086 SeaWorld Entertainment Inc USD 8,562,443 7.74367,916 TiVo Corp USD 7,290,301 6.60

11,870 UnitedHealth Group Inc USD 1,801,066 1.63261,107 World Wrestling Entertainment Inc USD 4,554,984 4.12

80,730,190 73.02Total Equities 104,947,182 94.93

Total Transferable securities listed on an official stock exchange 104,947,182 94.93

The accompanyingnotes form an integral part of these financial statements.

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oOasym SICAV

Schedule of Investments and Other Net Assets (continued)

Oasym Global Opportunities FundAs at 31 December 2016

sym

Market Value %ofEUR Net Assets

Total Value of Investments 104,947,182 94.93

Cash 6,039,182 5.46

Other Net Liabilities (428,032) (0.39)

Total Net Assets 110,558,332 100.00

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

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Oasym SICAV

Other Information on Investments

Dasym Global Opportunities FundAs at 31 December 2016

Breakdown of investment portfolio by country of risk

Un ed States76.92"

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o syOasym SICAV

Notes to the Financial Statements

1. GENERAL

Dasym SICAV(the "Company") was incorporated for an unlimited period on 24 February 2016 as a societe anonyme under thelaws of the Grand Duchy of Luxembourg and qualifies as an open-ended SICAV under part I of the Law of 2010, as amended.

The minimum capital of the Company may not be less than EUR 1,250,000.

The Company is authorised by the CSSFas a UCITSunder the Law of 2010, as amended.

A separate portfolio of assets is maintained for each Sub-Fund and is invested in accordance with the investment objectiveapplicable to the Sub-Fund. Each portfolio of assets shall be invested for the exclusive benefit of the relevant Sub-Fund. AShareholder shall only be entitled to the assets and profits of that Sub-Fund in which it participates. The Company isconsidered as one single legal entity. With regard to third parties, including the Company's creditors, the Company will onlybe responsible for all liabilities incurred by a Sub-Fund exclusively based on the assets of the relevant Sub-Fund. The liabilitiesof each Sub-Fund to its Shareholders are only incurred with respect to the relevant Sub-Fund.

As at 31 December 2016, the Company has one active Sub-Fund: Dasym Global Opportunities Fund. The Dasym GlobalOpportunities Fund was launched on 22 September 2016 and became UCITScompliant on 19 October 2016.

2. PRINCIPALACCOUNTING POLICIES

a) Presentation of financial statements

The financial statements are prepared in accordance with Luxembourg legal and regulatory requirements relating to undertakingsfor collective investment as prescribed by the Luxembourg authorities for Luxembourg investment funds and are expressed inEUR,the reference currency of the Sub-Fund and the Company.

b) Valuation of investments

The value of investments which are listed or dealt in on any stock exchange is based on the last sales price on the stock exchangewhich is normally the principal market for such assets. The value of assets dealt in on any other Regulated Market is based on thelast sales price.

If investments are not traded or admitted on any official stock exchange or any Regulated Market, or in the case ofinvestments so traded or admitted the last sales price of which does not reflect their true value, the value of such assets willbe based on the reasonably foreseeable sales price determined prudently and in good faith.

c) Forward foreign exchange contracts

Forward foreign exchange contracts are valued at forward market rates for the remaining period from valuation date to thematurity of the contracts. Any realised gain/loss on forward foreign exchange contracts is disclosed in the Statement ofOperations and Changes in Net Assets under the caption "Net realised gains/losses on forward foreign exchange contracts".

d) Foreign exchange conversion

The acquisition cost of securities in currencies other than the reference currency is converted into the reference currency atthe foreign exchange rates prevailing at the date of acquisition.

Assets and liabilities in currencies other than the reference currency are converted into the reference currency at the foreignexchange rates prevailing at the date of valuation.

Income and expenses in currencies other than the reference currency are converted into the reference currency at theforeign exchange rates prevailing at the date of the transactions. Realised gain/loss on foreign currencies is recognised in theStatement of Operations and Changes in Net Assets under the caption "Net realised gains/losses on foreign exchange".

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Notes to the Financial Statements (continued)

2. PRINCIPALACCOUNTING POLICIES(continued)

d) Foreign exchange conversion (continued)

Principal exchange rates applied at 31 December 2016 are as follows:

Canadian DollarSingapore Doll arUnited States Dollar

1.414471.5238

1.05475

e) Transactions on investments in securities

The transactions on investments in securities are accounted for on a trade date + 1 day basis.

f) Income and expenses

Dividends are shown net of withholding tax deducted at source and are recorded as income at ex-dividend date. Expensesare recognised on an accrual basis.

g) Cash and cash equivalents

All cash and cash equivalents amounts are carried at face value.

h) Realised gain/(Ioss)

Realised gains and losses on the disposal of investments are calculated using the average acquisition cost method.

i) Partial swing pricing

If on any Valuation Day the aggregate transactions in Shares of a Sub-Fund result in a net increase or decrease in net assetswhich exceeds a certain percentage of total net assets, as established by the Board, in situations other than in case ofsubscriptions or redemptions in specie, the Net Asset Value of the relevant Sub-Fund will be adjusted by an amount notexceeding 3.00% of that Net Asset Value, which reflects the estimated dealing costs that may be incurred by the Sub-Fundand the estimated bid/offer spread of the assets in which the Sub-Fund invests. The adjustment will be an addition when thenet movement results in a net increase in total net assets of the Sub-Fund and a deduction when it results in a net decrease.

3. FORMATION EXPENSES

The costs and expenses of the formation of the Company are to be borne by the Company and amortised over a period notexceeding five years. The formation costs of any new Sub-Fund shall be borne by the relevant Sub-Fund and amortised over aperiod not exceeding five years.

4. EXPENSES

a) Investment Management Fees

Dasym Managed Accounts B.V. is the investment manager of Dasym Global Opportunities Fund.

ClassDasym GlobalOpportunities Fund

B2 1.00% per annum

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o syDasymSICAV

Notes to the Financial Statements (continued)

4. EXPENSES(continued)

b) Performance Fee

No performance fee is charged on class B2 Shares.

c) Depositary Fees

The Depositary fee calculated in accordance with the agreed schedule shall not exceed 0.01% p.a. of the Net Asset Value ofthe Sub-Fund, subject to a minimum annual fee in accordance with the agreed schedule. Notwithstanding the Depositary fee,the Depositary may receive separate banking fee for transaction of the Sub-Fund.

d) Administrator, Registrar and Transfer Agent Fees

The Administrator fee calculated in accordance with the agreed schedule shall not exceed 0.06% p.a. of the Net Asset Valueof the Sub-Fund and may be subject to a minimum annual fee in accordance with the agreed schedule. These fees may beincreased from time to time to reflect current market practice if agreed between the Management Company and theAdministrator. Further additional transaction and maintenance fees may be levied by the Administrator.

e) Management Company Fees

The Management Company fee calculated in accordance with the agreed schedule shall not exceed 0.07% p.a. of the NetAsset Value of the Sub-Fund, subject to a minimum annual fee in accordance with the agreed schedule. Additional fees applyfor Corporate Secretarial and Domiciliation, KIID, FATCA and Investment Compliance Services. Also, any out-of-pocketexpenses incurred by the Management Company will be charged on an actual cost basis subject to approval by the Company.

f) Other operating expenses

Other operating expenses represent other amounts paid by the Company relating to the operation of the Sub-Fund. Theyinclude legal fees, fees in connection with obtaining or maintaining any registration or authorisation of the Company with anygovernmental agency and other miscellaneous expenses.

5. TAXATION

Under Luxembourg law, the Fund is not subject to any taxes on income or capital gains. However, the Fund is subject to the"Taxe d'abonnement" or "Subscription tax" of 0.01% per annum for share classes reserved for institutional investors and0.05% per annum for all other share classes. Such tax is payable quarterly and calculated on the NAV of the Fund at the endof the relevant calendar quarter. No Subscription Tax is paid on the assets held by the Fund in other Undertakings forCollective Investment already subject to that tax in Luxembourg.

Withholding tax on dividend income and gains on securities, deducted in certain countries, may not be refundable in certaininstances.

6. OTHERASSETSAND LIABILITIES

As at 31 December 2016, "Other Assets" comprise:

Prepaid Directors'feesEUR553553

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Notes to the Financial Statements (continued)

6. OTHER ASSETS AND LIABILITIES (continued)

As at 31 December 2016, "Other Liabilities" comprise:

Accrued formation costsAccrued administration feesAccrued audit feesAccrued management company feesAccrued legal feesAccrued depositary feesAccrued registration feesAccrued bank interest payableAccrued KllDfeesAccrued subscription taxAccrued regul atory fees

EUR(89,778)(57,726)(39,000)(20,148)(15,000)(13,525)

(5,000)(3,477)(3,066)(2,635)

(863)(250,218)

7. TRANSACTIONS WITH RELATED PARTIES

Transactions with related parties including Dasym Managed Accounts B.V., as disclosed in note 4a, have been entered into inthe ordinary course of business and on normal commercial terms.

8. OTHER EXPENSES

As at 31 December 2016, "Other Expenses" comprise:

Audit feesLegal feesRegulatory feesRegistration feesKIID feesFormation costsMiscellanous expense

EUR(39,000)(15,000)

(8,363)(5,000)(3,066)(2,713)

(54)(73,196)

9. TRANSACTION FEES

Transaction costs incurred by the Company relating to purchase or sale of securities are included in the transaction priceused to calculate the realised and unrealised gain/(Ioss) on securities. They are mainly broker fees. For the period from 24February 2016 (date of incorporation) to 31 December 2016 these transaction costs amount to EUR 155,018.

Other transaction fees are mainly composed of fees paid to the depositary. These fees are included in depositary fees in theStatement of Operations and Changes in Net Assets.

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Notes to the Financial Statements (continued)

10. DIRECTORS' FEESAND EXPENSES

Each of the Directors is entitled to remuneration for his services at the rate determined by the General Meeting ofshareholders from time to time.

In addition, each Director may be paid reasonable travelling, hotel and other incidental expenses for attending and returningfrom Board Meetings or General Meetings of shareholders.

Total Directors' fees and travel expenses for the period from 24 February 2016 (date of in corporation) to 31 December 2016were EUR 15,288.

11. CHANGE IN INVESTMENT PORTFOLIO

The schedule of changes in the investment portfolio is available free of charge on request from the Registered Office inLuxembourg.

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o syOasym SICAV

Appendix 1- Additional Information (unaudited)

RISK MANAGEMENT

Global exposure calculation method in accordance with the provisions of CSSFCircular 11/512

Commitment approach:

The commitment approach is used to monitor and measure global exposure of the following Sub-Fund:Dasym Global Opportunities Fund

SECURITIES FINANCING TRANSACTION REGULATION ("SHR")

Regulation (EU) 2015/2365 on Transparency of Securities Financing Transactions and of Reuse (the "SFT Regulation"), whichaims to improve the transparency of the securities financing markets, introduces additional financial reporting requirementsfor any financial statements published on or after 13 January 2017. During the year under review, the Fund did not enter intoany securities financing transactions.

REMUNERATION POLICY

The Management Company has designed and implemented a remuneration policy (the "Remuneration Policy") in line withthe provisions on remuneration as set out by the European Directive 2009/65/EC ("UCITS Directive"), as amended byDirective 2014/91/EU ("UCITS V Directive"), as implemented into Luxembourg in the Law of 10 May 2016 (the "2016 Law").

The Management Company has developed and implemented remuneration policies and practices that are consistent withand promote a sound and effective risk management of the Fund, do not encourage risk-taking which is inconsistent with therisk profiles/rules governing the Fund, and do not impair compliance with the Management Company's duty to act in the bestinterest of the Fund and ultimately its investors.

The Board of Directors of the Management Company is responsible for the design and implementation of the RemunerationPolicy and reviews this on a regular basis as part of its supervisory function. In reviewing the Remuneration Policy, the Boa rdof Directors of the Management Company will consider whether the remuneration framework operates as intended and thatthe risk profile, long-term objectives and goals of the Fund are adequately reflected.

The staff costs of the Management Company in proportion to the total net assets of the Fund, the number of Identified Staffof the Management Company and the details on the Management Company's remuneration and Remuneration policy areavailable to the shareholders at the registered office of the Management Company.

Quantitative remuneration disclosure has not been included in this report because a full performance year has not yet beencompleted since the 2016 Law became effective. The Management Company considers that the inclusion of such quantitativedetail for an incomplete period would not be materially relevant, reliable or provide a clear basis for comparison forinvestors.

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