This report has been generated out of the regular production cycles and can differ
from the periodic reporting.
Investment report
1 July to 31 July 2025
Talib Salim Mansoor Al Mawali
Client number
83.61738.0
Reference date
31.07.2025
Creation date
01.08.2025
Reference currency
USD
Portfolio
83.61738.0 6000
Client Categorisation
n/a
 
Bank J. Safra Sarasin Ltd,
Singapore Branch
8 Marina View
#25-01 Asia Square Tower 1
Singapore 018960,
Singapore
T: +65 6 536 68 48
F: +65 6 536 38 66
BIC SARASGSG
www.jsafrasarasin.com
Co. Registration No.:
T11FC0012E
GST Registration No.:
M90366804J
Bank J. Safra Sarasin Ltd is
incorporated in Switzerland
with limited liability
This Investment report covers portfolio 83.61738.0 6000 only,
other portfolios (if any) held under your client number are not part of this report.

|  Portfolio    |  Asset performance
Performance overview
USD
Assets as of 01.07.202511 480 855,52
+  Net money inflow+241 820,56
+  Net securities inflow+0,00
-   Withholding tax-0,00
Adjusted assets11 722 676,08
+  Interest income (gross)+93 198,30
+  Dividend income (gross)+739,33
+  Other income (gross)+0,00
-   Interest expenses-4 412,06
-   Price loss-13 567,42
Anticipated valuation11 798 634,23
-   Bookings in process-765,05
Assets as of 31.07.202511 797 869,18
Performance75 958,15
Average invested capital11 551 061,48
Money-weighted return0,66%
Time-weighted return0,66%
Jan 25Feb 25Mar 25Apr 25May 25Jun 25Jul 25Aug 25Sep 25Oct 25Nov 25Dec 25
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
202020212022202320242025
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Return history
Time-weighted return (YTD): 4,84%
 monthly
 cumulated
Time-weighted return since 2020: 36,65%
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Definitions, abbreviations and additional explanations can be found in the glossary at the end of the documentBank J. Safra Sarasin Ltd, Singapore Branch2/27

|  Portfolio    |  Monthly Performance Overview
Period
Value
Start of period
End of period
Inflow/outflow
Withholding taxAverage invested capitalTotal income (gross)Profit/loss
Return
Return %
Accumulated
return %
07.2025
11 480 855,52
11 798 634,23
241 820,56
0,0011 551 061,4889 525,57-13 567,42
75 958,15
0,660,66
01.07.2025 - 31.07.2025
Total
241 820,56
0,0089 525,57-13 567,42
75 958,15
0,66
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch3/27

Liquidity and Currencies Related -19,00%
➥ Page 7
Bonds 47,07%
➥ Page 11
Equities 13,91%
➥ Page 18
Other assets 58,02%
➥ Page 21
|  Portfolio    |  Breakdown of assets
EUR 0,92%
GBP 2,90%
CHF -14,29%
USD 110,47%
Liquidity and Currencies RelatedBondsEquitiesOther assetsTotal
USD%USD%USD%USD%USD%
USD354 393,063,004 428 609,9037,541 633 171,0813,846 616 858,8456,0913 033 032,88110,47
CHF-1 686 342,23-14,29-------1 686 342,23-14,29
GBP-41 910,83-0,36376 588,213,197 709,880,07--342 387,262,90
EUR-868 224,29-7,36748 509,956,34--228 505,611,94108 791,270,92
Total-2 242 084,29-19,005 553 708,0647,071 640 880,9613,916 845 364,4558,0211 797 869,18100,00
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch4/27

Liquidity and Currencies Related -19,00%
Bonds 47,07%
Equities 13,91%
Other assets 58,02%
|  Portfolio    |  Breakdown of assets
EUR 0,92%
GBP 2,90%
CHF -14,29%
USD 110,47%
Liquidity and Currencies RelatedForex forwardsBondsEquitiesOther assetsTotal
USD%USD%USD%USD%USD%USD%
USD354 393,063,00-0.004 428 609,9037,541 633 171,0813,846 616 858,8456,0913 033 032,88110,47
CHF-1 686 342,23-14,29-0.00-------1 686 342,23-14,29
GBP-41 910,83-0,36-0.00376 588,213,197 709,880,07--342 387,262,90
EUR-868 224,29-7,36-0.00748 509,956,34--228 505,611,94108 791,270,92
Total-2 242 084,29-19,00-0.005 553 708,0647,071 640 880,9613,916 845 364,4558,0211 797 869,18100,00
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch5/27

|  Portfolio    |  Return contribution
Valuation per reference dateAverage invested capitalWeightReturnContribution
USD USD%%%
Liquidity and Currencies Related-2 242 084,29-2 501 164,31-21,65-2,130,46
Bonds5 554 473,115 570 628,5548,230,160,08
Equities1 640 880,961 653 578,8414,32-0,39-0,06
Other assets6 845 364,456 828 018,4059,110,300,18
Total11 798 634,2311 551 061,48100,000,66
Contribution by position
s/t Fixed Advance Fix (BOR) CHF, 1.2%, 31.07.2025-29.08.2025
11% BARC-CRM/ADBE -RCV- 07.07.25
s/t Fixed Advance Fix (BOR) EUR, 3.04%, 31.07.2025-29.08.2025
Boeing Co
s/t Fixed Advance Fix (BOR) CHF, 1.2%, 30.06.2025-31.07.2025
10.25% CITI-GDX/GLD.US -RCV- 24.07.26
8.62% NOMURA-CMG/GIS -RCV- 28.10.25
AB Fcp I-European Income Portf.(EUR)-AT-Dist
5.75% BAT Int.Fin.Plc 05.07.40 RegS Sr S.38
Adobe Inc
Worst contributors
Best contributors
-1%0%1%
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch6/27

|  1. Liquidity and Currencies Related    |  1.1 Overview
-19,00%
Valuation per reference dateAverage invested capitalWeightReturnContribution
USD USD%%%
ACHF-1 686 342,23-1 718 568,6368,71-1,88-1,29
BEUR-868 224,29-888 080,9835,51-2,24-0,79
CUSD354 393,06153 238,44-6,130,000,00
DGBP-41 910,83-47 753,141,91-2,70-0,05
Total-2 242 084,29-2 501 164,31100,00-2,13
Breakdown by currency
A
B
C
D
ACHF75,21%
BEUR38,72%
CUSD-15,81%
DGBP1,87%
Cash weight year to date
Jan 25Feb 25Mar 25Apr 25May 25Jun 25Jul 25Aug 25Sep 25Oct 25Nov 25Dec 25
-25
-20
-15
-10
-5
0
5
in %
Liquidity and
Currencies Related
➥
Page
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch7/27

|  1. Liquidity and Currencies Related    |  1.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
USD
Current account USD
83.61738.0 4000
354 393,06
USD
USD
354 393,06354 393,063,00
Total USD354 393,063,00
CAD
Current account CAD
83.61738.0 4009
0,00
CAD
CAD
0,000,000,00
Total CAD0,000,00
AED
Current account AED
83.61738.0 4004
0,00
AED
AED
0,000,000,00
Total AED0,000,00
THB
Current account THB
83.61738.0 4007
0,00
THB
THB
0,000,000,00
Total THB0,000,00
➥ Continued
 ➥ Seite
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch8/27

|  1. Liquidity and Currencies Related    |  1.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
HKD
Current account HKD
83.61738.0 4010
0,00
HKD
HKD
0,000,000,00
Total HKD0,000,00
SGD
Current account SGD
83.61738.0 4005
0,00
SGD
SGD
0,000,000,00
Total SGD0,000,00
GBP
Current account GBP
83.61738.0 4003
5 928,98
GBP
GBP
5 928,987 845,930,07
s/t Fixed Advance Fix (BOR) GBP, 5.25%, 31.07.2025-29.08.2025 (3249776)
-37 600,00
GBP
GBP
1,34141,32331,35
1,35
680,03
-37 600,00-49 756,76-0,42
Total GBP-41 910,83-0,36
EUR
Current account EUR
83.61738.0 4002
0,00
EUR
EUR
0,000,000,00
➥ Continued
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch9/27

|  1. Liquidity and Currencies Related    |  1.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
s/t Fixed Advance Fix (BOR) EUR, 3.04%, 31.07.2025-29.08.2025 (3249773)
-758 598,47
EUR
EUR
1,16371,14451,65
1,65
14 590,13
-758 598,47-868 224,29-7,36
Total EUR-868 224,29-7,36
CHF
Current account CHF
83.61738.0 4008
0,00
CHF
CHF
0,000,000,00
s/t Fixed Advance Fix (BOR) CHF, 1.2%, 31.07.2025-29.08.2025 (3249784)
-1 369 394,21
CHF
CHF
0,80130,81211,33
1,33
22 730,11
-1 369 394,21-1 686 342,23-14,29
Total CHF-1 686 342,23-14,29
Total Liquidity and Currencies Related-2 242 084,29-19,00
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch10/27

|  2. Bonds    |  2.1 Overview
47,07%
Valuation per reference dateAverage invested capitalWeightReturnContribution
USD USD%%%
AUSD4 428 609,904 413 104,4379,220,810,64
BEUR749 275,00763 541,9413,71-1,87-0,26
CGBP376 588,21393 982,187,07-3,26-0,23
Total5 554 473,115 570 628,55100,000,16
Breakdown by currency
A
B
C
AUSD79,73%
BEUR13,49%
CGBP6,78%
Bonds➥ Page
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch11/27

|  2. Bonds    |  2.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
USD
4.5% Kuwait Projects Co SPC Ltd
Gtd.Notes 2017-2027 Reg S
XS1567906059 / 35780004
Financial / United Arab Emirates
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
23.02.27
23.2 23.8
8,23
WR
M
1,44
100,76
10.06.21
94,62
 
-6,10
-6,10
-18 439,13
283 845,00
5 887,50
283 845,00
5 887,50
2,46
5.25% HPCL-Mittal Energy Ltd
2017-2027 Reg-S
XS1599758940 / 36535307
Energy / India (Republic of)
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
28.04.27
28.4 28.10
5,60
Ba2
M
1,62
101,10
25.04.17
99,40
 
-1,69
-1,69
-5 112,00
298 188,00
4 025,00
298 188,00
4 025,00
2,56
4.8% GTLK Europe Capital
Designated Activity Company
Bonds 2020-2028
XS2249778247 / 57796637
Diversified Financial / Ireland
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
26.02.28
26.2 26.8
100,00
WR
M
0,63
100,24
20.10.20
4,63
 
-95,38
-95,38
-286 825,50
13 902,0013 902,000,12
6.15% Shriram Finance Ltd
Bonds 2024-03.04.2028
RegS -144A- Senior
USY775M1CJ07 / 138624949
Diversified Financial / India (Republic of)
200 000,00
USD
USD
03.04.28
3.4 3.10
5,77
BB+
S&P
2,25
100,90
08.10.24
100,89
 
-0,01
-0,01
-24,00
201 776,00
4 031,67
201 776,00
4 031,67
1,74
4.95% JSW Infrastructure Ltd
Bonds 2022-21.01.2029
RegS Senior
USY4470XAA10 / 116036168
Industrial / India (Republic of)
300 000,00
USD
USD
21.01.29
21.1 21.7
5,39
Ba1
M
3,15
101,00
14.01.22
98,58
 
-2,40
-2,40
-7 260,00
295 740,00
371,25
295 740,00
371,25
2,51
➥ Continued
 ➥ Seite
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch12/27

|  2. Bonds    |  2.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
5.125% Teva Pharmaceutical
Finance Netherlands III BV
Bonds -09.05.2029
Senior
US88167AAQ40 / 114645415
Consumer Non-Cyclical / Netherlands
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
09.05.29
9.5 9.11
5,17
Ba1
M
3,36
101,24
04.11.21
99,84
 
-1,38
-1,38
-4 203,00
299 517,00
3 502,08
299 517,00
3 502,08
2,57
5.5% Jaguar Land Rover Automotive Plc
Bonds -15.07.2029
RegS Senior
USG5002FAV88 / 112616677
Consumer Cyclical / United Kingdom
Not on the banks solicitation/recommendation list
200 000,00
USD
USD
15.07.29
15.1 15.7
5,63
Ba1
M
3,51
99,10
05.11.24
99,53
 
0,43
0,43
850,00
199 050,00
458,33
199 050,00
458,33
1,69
5.125% State Bank of India
Bonds 2024-25.11.2029
Senior
XS2945642093 / 140063580
Banks / India (Republic of)
300 000,00
USD
USD
25.11.29
25.5 25.11
4,67
Baa3
M
3,81
101,25
20.11.24
101,72
 
0,46
0,46
1 395,00
305 145,00
2 776,04
305 145,00
2 776,04
2,61
5.95% Petroleos Mexicanos PEMEX
Gtd.Notes 2020-2031 Global
US71654QDE98 / 55938862
Energy / Mexico
300 000,00
USD
USD
28.01.31
28.1 28.7
7,55
B3
M
4,56
101,5092,90
 
-8,48
-8,48
-25 815,00
278 685,00
148,75
278 685,00
148,75
2,36
5.827% Citigroup Inc
Floating Rate Notes 2024-13.02.2035
Senior
US172967PG03 / 132837631
Banks / USA
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
13.02.35
13.2 13.8
5,62
Baa2
M
6,66
102,13
05.11.24
101,83
 
-0,30
-0,30
-910,20
305 485,50
8 157,80
305 485,50
8 157,80
2,66
➥ Continued
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch13/27

|  2. Bonds    |  2.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
3.324% ABN AMRO Bank NV
Floating Rate Notes 2021-13.03.2037
RegS Subordinated
XS2415308761 / 115355908
Banks / Netherlands
200 000,00
USD
USD
13.03.37
13.3 13.9
6,13
Baa2
M
5,70
86,90
05.11.24
87,38
 
0,55
0,55
960,00
174 760,00
2 529,93
174 760,00
2 529,93
1,50
5% Adani Ports & Special Economic Zone Ltd
Bonds 2021-02.08.2041
USY00130YU53 / 112890646
Consumer Non-Cyclical / India (Republic of)
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
02.08.41
2.2 2.8
7,19
Baa3
M
9,86
100,49
27.07.21
79,35
 
-21,04
-21,04
-63 425,91
238 050,00
7 458,33
238 050,00
7 458,33
2,08
4.125% Abu Dhabi (Emirate of)
MT-Notes 2017-2047 RegS Global
XS1696899035 / 38576936
Government / United Arab Emirates
200 000,00
USD
USD
11.10.47
11.4 11.10
5,44
AA
S&P
13,38
86,24
19.06.24
83,15
 
-3,59
-3,59
-6 186,00
166 290,00
2 497,92
166 290,00
2 497,92
1,43
4.875% PT Perusahaan Listrik Negara (Persero)
MT-Notes 2019-2049 RegS
US71568QAK31 / 48966640
Utilities / Indonesia, Republic of
200 000,00
USD
USD
17.07.49
17.1 17.7
6,27
Baa2
M
12,96
84,48
19.06.24
82,76
 
-2,03
-2,03
-3 434,00
165 526,00
352,08
165 526,00
352,08
1,41
3.95% Indian Railway Finance Corp Ltd
Notes 2020-2050 RegS
US45434M2B74 / 52481773
Diversified Financial / India (Republic of)
Product Risk Rating: 5-High *
200 000,00
USD
USD
13.02.50
13.2 13.8
5,70
Baa3
M
13,88
77,57
09.05.24
77,06
 
-0,66
-0,66
-1 018,00
154 120,00
3 664,72
154 120,00
3 664,72
1,34
5.75% Kingdom of Saudi Arabia
Bonds 2024-16.01.2054
RegS Senior
XS2747599509 / 132110402
Government / Saudi Arabia, Kingdom of
200 000,00
USD
USD
16.01.54
16.1 16.7
6,02
Aa3
M
13,63
96,95
09.05.24
96,29
 
-0,68
-0,68
-1 320,00
192 580,00
447,22
192 580,00
447,22
1,64
➥ Continued
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch14/27

|  2. Bonds    |  2.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
4.375% Oracle Corp
Bonds 2015-15.05.2055
Senior
US68389XBG97 / 28073102
Technology / USA
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
15.05.55
15.5 15.11
6,03
Baa2
M
14,51
82,05
01.11.24
77,22
 
-5,88
-5,88
-14 481,00
231 666,00
2 770,83
231 666,00
2 770,83
1,99
2.7% Abu Dhabi (Emirate of)
Notes 2020-2070
XS2225210330 / 56800654
Government / United Arab Emirates
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
02.09.70
2.3 2.9
5,43
AA
S&P
18,64
60,00
10.12.24
54,19
 
-9,68
-9,68
-17 430,00
162 570,00
3 330,00
162 570,00
3 330,00
1,41
6.8% Fukoku Mutual Life Insurance Co
Floating Rate Notes 2023-Perpetual
Subordinated
XS2673651217 / 130761071
Insurance / Japan
200 000,00
USD
USD
14.5 14.11
7,30
A-
S&P
6,25
108,95
05.11.24
105,35
 
-3,31
-3,31
-7 210,00
210 690,00
2 871,11
210 690,00
2 871,11
1,81
Bank J. Safra Sarasin Ltd (GG)
Basket: Fix Term Div Corp BndIII Side Pocket
IssuerCall - USD
Tracker Cert. (AMC) Perpetual
CH1363012282 / 136301228
1,00
USD
USD
-
0,000,00
12.02.25
0,000,000,00
iShares 20+ Year Treasury Bond ETF
US4642874329 / 1462033
TLT US
2 252,00
USD
USD
-
88,7386,92
 
-2,04
-2,04
-4 076,12
195 743,84195 743,841,66
Total USD4 428 609,9037,54
➥ Continued
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch15/27

|  2. Bonds    |  2.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Notional
Currency
Risk Currency
Redemption
Coupon date
YTM%
Rating
Agency
MODD
Price
FX rate
Last date
Price
FX rate
(Price date)
Factor
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
EUR
Bank J.Safra Sarasin Ltd (GUE)
Dynamic JSS Global Financials Fixed
Income Hedged in EUR Reference Portfolio
Tracker Cert.2017-Perpetual
CH0339854074 / 33985407
6,00
EUR
EUR
-
46 076,20
1,1469
23.10.18
43 046,31
1,1445
 
-6,58
-0,21
-6,77
-21 480,19
258 277,86295 601,852,51
AB Fcp I Fcp-
European Income Portfolio
(EUR) -AT- Distribution
LU0173638916 / 1727878
66 844,92
EUR
EUR
-
7,55
1,1354
24.02.15
5,92
1,1445
 
-21,64
0,80
-21,01
-120 468,90
395 721,93452 908,103,84
Total EUR748 509,956,34
GBP
5.75% BAT International Finance Plc
Bonds 2010-05.07.2040 S.38
RegS Senior
XS0522408599 / 11482665
Consumer Non-Cyclical / United Kingdom
300 000,00
GBP
GBP
05.07.40
5.7
6,24
Baa1
M
9,92
95,87
1,2980
05.11.24
94,45
1,3233
 
-1,48
1,95
0,44
1 642,48
283 350,00
1 228,77
374 962,16
1 626,05
3,19
Total GBP376 588,213,19
Total Bonds5 553 708,0647,07
Thereof accrued interest56 906,61
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch16/27

|  2. Bonds    |  2.3 Maturities
Anticipated maturities and expected interest revenue for the next 12 months
MonthUSDGBPTotal in USD
Aug. 2526 98926 989
Sep. 257 3747 374
Oct. 2518 15018 150
Nov. 2528 73828 738
Dec. 25
Jan. 2632 47532 475
Feb. 2627 13527 135
Mar. 267 3747 374
Apr. 2618 15018 150
May 2628 73828 738
June 26
July 2632 47517 25055 302
Asset ccy227 59817 250
USD227 59822 827250 425
MaturitiesInterest
Aug. 25Sep. 25Oct. 25Nov. 25Dec. 25Jan. 26Feb. 26Mar. 26Apr. 26May 26June 26July 26
0
15 000
30 000
45 000
60 000
Anticipated maturities and interest for the next 12 months in USD
Expected interests are projected for a maximum of 10 years.
Anticipated maturities and expected interest revenue by year
YearUSDGBPEURTotal in USD
202581 25181 251
2026227 59717 250250 424
2027812 97217 250835 799
2028692 24517 250715 072
20291 270 93417 2501 293 761
2030129 44717 250152 274
2031420 52217 250443 349
2032111 64517 250134 472
2033111 59717 250134 424
2034111 59717 250134 424
>20342 360 369334 5002 803 018
Without
maturity
200 000300 000543 353
Asset ccy6 530 176489 750300 000
USD6 530 176648 092343 3537 521 621
MaturitiesInterest
2025202620272028202920302031203220332034>2034   Without maturity
0
300 000
600 000
900 000
1 200 000
1 500 000
1 800 000
2 100 000
2 400 000
2 700 000
3 000 000
Anticipated maturities and interest by year in USD
 
Redemption analysis
(USD)  
➥ Page
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch17/27

|  3. Equities    |  3.1 Overview
13,91%
Valuation per reference dateAverage invested capitalWeightReturnContribution
USD USD%%%
AEquities North America1 633 171,081 644 635,3899,46-0,32-0,32
BEquities Other European7 709,888 943,460,54-13,79-0,07
Total1 640 880,961 653 578,84100,00-0,39
Breakdown by region
A
AEquities North America99,53%
BEquities Other European0,47%
Contribution by position
11% BARC-CRM/ADBE -RCV- 07.07.25
Boeing Co
9.56% NOMURA-TGT/MDLZ -RCV- 28.10.25
10% JPM-BA -RCV- 07.07.25
BARC-TSLA Bonus Ct. 29.09.25
10.5% NOMURA-LMT/GD -RCV- 07.07.26
11.75% NOMURA-LULU/NKE -RCV- 22.10.25
10.25% CITI-GDX/GLD.US -RCV- 24.07.26
8.62% NOMURA-CMG/GIS -RCV- 28.10.25
Adobe Inc
Worst contributors
Best contributors
-1%0%1%
Equities➥ Page
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch18/27

|  3. Equities    |  3.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Quantity
Currency
Risk Currency
Div.Yield
Price
FX rate
Last date
Price
FX rate
(Price date)
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
Equities North America
Barclays Bank PLC
TSLA
Bonus Cert. 29.09.2025
XS2976599014 / 142979980
100 000,00
USD
USD
100,00
17.03.25
122,29
30.07.25
22,29
22,29
22 290,00
122 290,00122 290,001,04
11.75% Nomura International Funding Pte Ltd
LULU/NKE
Reverse Conv. 22.10.2025
XS2875793494 / 139032292
200 000,00
USD
USD
100,00
08.10.24
93,91
30.07.25
-6,09
-6,09
-12 180,00
187 820,00187 820,001,59
9.2% Nomura International Funding Pte Ltd
BMY/PFE
Reverse Conv. 22.10.2025
XS2875710209 / 139032291
200 000,00
USD
USD
100,00
08.10.24
95,72
30.07.25
-4,28
-4,28
-8 560,00
191 440,00191 440,001,62
8.62% Nomura International Funding Pte Ltd
CMG/GIS
Reverse Conv. 28.10.2025
XS2875670908 / 139148479
200 000,00
USD
USD
100,00
15.10.24
89,45
30.07.25
-10,55
-10,55
-21 100,00
178 900,00178 900,001,52
9.56% Nomura International Funding Pte Ltd
TGT/MDLZ
Reverse Conv. 28.10.2025
XS2875674488 / 139148482
200 000,00
USD
USD
100,00
15.10.24
81,70
30.07.25
-18,30
-18,30
-36 600,00
163 400,00163 400,001,38
10.5% Nomura International Funding Pte Ltd
LMT/GD
Reverse Conv. 07.07.2026
XS3026638315 / 146429848
200 000,00
USD
USD
100,00
23.06.25
96,83
30.07.25
-3,17
-3,17
-6 340,00
193 660,00193 660,001,64
10.25% Citigroup Global Markets Funding (LU)
GDX/GLD.US
Reverse Conv. 24.07.2026
XS3114155818 / 146856991
200 000,00
USD
USD
100,00
11.07.25
97,17-2,83
-2,83
-5 660,00
194 340,00194 340,001,65
➥ Continued
 ➥ Seite
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch19/27

|  3. Equities    |  3.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Quantity
Currency
Risk Currency
Div.Yield
Price
FX rate
Last date
Price
FX rate
(Price date)
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
Adobe Inc
US00724F1012 / 903472
ADBE UQ
Information Technology / USA
472,00
USD
USD
422,58357,69-15,36
-15,36
-30 629,97
168 829,68168 829,681,43
Boeing Co
US0970231058 / 913253
BA US / BA
Industrials / USA
Sell rating or no rating
960,00
USD
USD
2,60
209,42
15.05.25
221,845,93
5,93
11 919,84
212 966,40212 966,401,81
ProShares Short S&P 500
USD Shs New 2024
US74349Y7537 / 139505436
Not on the banks solicitation/recommendation list
500,00
USD
USD
3,67
96,5139,05-59,54
-59,54
-28 728,60
19 525,0019 525,000,17
Total Equities North America1 633 171,0813,84
Equities Other European
Rolls-Royce Holdings PLC
GBP 0.0010 nom Preferred Share C
GB00B669WX96 / 13006532
Industrials / United Kingdom
Sell rating or no rating
1 541 976,00
GBP
GBP
0,000,01  0,01 USD
1,3233
7 709,88
5 826,177 709,880,07
Total Equities Other European7 709,880,07
Total Equities1 640 880,9613,91
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch20/27

|  4. Other assets    |  4.1 Overview
58,02%
Valuation per reference dateAverage invested capitalWeightReturnContribution
USD USD%%%
AAlternative investments5 460 418,765 460 418,7679,970,000,00
BCross assets and structured products1 180 345,691 169 719,6417,131,160,20
CCommodities/metals204 600,00197 880,002,903,400,10
Total6 845 364,456 828 018,40100,000,30
Breakdown by asset class
A
B
AAlternative investments79,77%
BCross assets and structured prod...17,24%
CCommodities/metals2,99%
Other assets➥ Page
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch21/27

|  4. Other assets    |  4.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Quantity
Currency
Risk Currency
Div.Yield
Price
FX rate
Last date
Price
FX rate
(Price date)
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
Alternative investments
3 Sigma Global Fund
USD A 17
QTX002288988
Not on the banks solicitation/recommendation list
11 206,12
GBP
USD
9,01
1,2778
29.05.24
11,49  11,49 USD
1,3233
31.03.25
-3,66
3,57
-0,23
-295,02
97 299,61128 758,321,09
Galaxy Noble Global Opportunities Fund PCC -
GNGOF 1
USD -A- Participating
XD1214490900 / 121449090
Not on the banks solicitation/recommendation list
589,589
USD
USD
1 704,58
22.05.23
3 276,30
30.06.25
92,21
92,21
926 670,45
1 931 670,441 931 670,4416,37
Norocos Opportunities Fund PCC Cell D
USD -NOF005-
XD1430112098 / 143011209
Not on the banks solicitation/recommendation list
3 399 990,00
USD
USD
1,011,00
26.12.24
-0,50
-0,50
-17 010,00
3 399 990,003 399 990,0028,82
Total Alternative investments5 460 418,7646,28
Cross assets and structured products
5.95% Alfa Bond Issuance PLC
Floating Rate Notes 2019-15.04.2030 S.10
RegS Senior
XS2063279959 / 50465128
Banks / Ireland
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
101,00
08.10.19
1,77-98,25
-98,25
-297 702,00
5 298,005 298,000,04
4.125% Banco Santander SA
Contingent Convertible Floating Rate Notes
RegS Junior Subordinated
XS2342620924 / 111509116
Banks / Spain
Not on the banks solicitation/recommendation list
200 000,00
EUR
EUR
101,10
1,2059
07.05.21
98,93
1,1445
-2,15
-5,09
-7,13
-17 384,46
197 860,00
1 793,48
226 452,95
2 052,66
1,94
➥ Continued
 ➥ Seite
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch22/27

|  4. Other assets    |  4.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Quantity
Currency
Risk Currency
Div.Yield
Price
FX rate
Last date
Price
FX rate
(Price date)
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
4.75% Société Générale SA
Contingent Convertible
Floating Rate Notes
2021-Perpetual Subordinated RegS
USF8500RAB80 / 111691888
Banks / France
Not on the banks solicitation/recommendation list
300 000,00
USD
USD
101,45
19.05.21
98,82-2,60
-2,60
-7 918,50
296 445,00
2 533,33
296 445,00
2 533,33
2,53
4.75% Standard Chartered Plc
Contingent Convertible
Floating Rate Notes
2021-Perpetual RegS
USG84228EP90 / 59221555
Banks / United Kingdom
300 000,00
USD
USD
101,62
06.01.21
92,25-9,22
-9,22
-28 098,30
276 750,00
672,92
276 750,00
672,92
2,35
4.875% CNP Assurances
Contingent Convertible Floating Rate Notes
2021-Perpetual Junior Subordinated
FR0014002RQ0 / 110866792
Insurance / France
Not on the banks solicitation/recommendation list
400 000,00
USD
USD
101,11
30.03.21
91,01-10,00
-10,00
-40 424,40
364 020,00
6 120,83
364 020,00
6 120,83
3,14
Total Cross assets and structured products1 180 345,6910,00
Commodities/metals
Metal Account Claimaccount Gold Ounces0,00
XAU
XAU
3 297,1450
0,000,000,00
➥ Continued
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch23/27

|  4. Other assets    |  4.2 Positions
DescriptionPurchaseCurrentProfit / LossValuationValuation in USDAllocation
Name
ISIN/Sec. no.
Bloomberg/Reuters
Sector/Country
Quantity
Currency
Risk Currency
Div.Yield
Price
FX rate
Last date
Price
FX rate
(Price date)
Price %
FX %
Total %
Total USD
Valuation
Accrued interest
in %
Nomura International Funding Pte Ltd
SLV.US
Reverse Conv. 07.10.2025
XS3026630684 / 146429833
200 000,00
USD
USD
100,00
23.06.25
102,30
30.07.25
2,30
2,30
4 600,00
204 600,00204 600,001,73
Total Commodities/metals204 600,001,73
Total Other assets6 845 364,4558,02
Thereof accrued interest11 379,74
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch24/27

|  Glossary
Accounts
83.61738.0 4000/USD
83.61738.0 4002/EUR
83.61738.0 4003/GBP
83.61738.0 4004/AED
83.61738.0 4005/SGD
83.61738.0 4007/THB
83.61738.0 4008/CHF
83.61738.0 4009/CAD
83.61738.0 4010/HKD
Currency (Ccy) rates
1 EUR = 1,144511 USD
1 GBP = 1,323318 USD
1 USD = 0,81205 CHF
Glossary
Accrued interest
Interest accrued up to reference date
Anticipated valuation includes bookings in process, such as dividends already recorded
but not yet paid.
"Bonds" include bonds, bond funds and other bond-related products such as bond
options etc.
Contribution
Contribution of single asset categories to the overall return. The calculation is comprised
of the product of weight and return of the respective asset category. The sum of all
contributions equals the money-weighted return.
Contribution by position
Presentation of the five positions with the best and worst contribution respectively
"Equities" includes equities, equity funds, ETFs and other equity-related products such
as equity options/swaps/warrants and equity linked notes etc.
"Liquidity and Currencies Related" include short-term fixed rate investment notes and
currency-related products such as deposits, loans, interest rate swaps, certificate of
deposits, money market funds, dual currency investments, currency forwards/swaps etc.
MODD
Duration modified to maturity (%)
Money-weighted return
The money-weighted return shows the performance of the portfolio relative to the average
invested capital. The timing of flows (cash/securities) can strongly affect the return.
Viewed from the clients perspective this would be the proper way of calculating the
return.
"Other Assets" include cross asset investments, alternative investments, real estate,
commodities/metals, structured products etc.
Performance
The performance is calculated before withholding tax (gross) and after fees (net).
Price gain/loss
Realised and unrealised gains or losses
Profit / Loss
Variation relative to the purchase price since inception of the position.
Rating
The rating reflects the issuer's credit standing. The rating shown is awarded by either
Moody's (M) or Standard & Poor's (S&P).
Redemption analysis
The redemption analysis shows the redemption figures in the referred currency according
to calendar year. The conversion is carried out with reference date related exchange rates
and therefore can only be understood as an indication. Possible loss risk is not taken into
account.
Reference currency
Reference currency of this report might not be the currency of client
’s domicile. Total
assets and returns may increase or decrease as a result of currency fluctuations.
Return
Money-weigthed returns of the respective asset category. It is to be noted that fees are
attributed to the asset category 'Cash' and this may blur the return contribution.
Return history
All performance and return figures refer to mentioned period and rely to the past. Past
performance is not a reliable indicator of future results.
Time-weighted return
The time-weighted return is a combination of the monthly returns. Each month is of equal
significance to the evaluation of the overall return, irrespective of the amount of the
invested capital. Viewed from a comparability perspective the time-weighted return would
be the proper way of calculating the return.
Variation in %
Variation relative to the purchase price since inception of the position in percent
YTM%
Yield to maturity (%)
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch25/27

|  General information
Important Notice
This statement of account may include valuations of certain products. The information contained herein is based on sources considered reliable at the time of publication and is subject to change without any notice being given whatsoever. Such information
has not been independently verified and is strictly for indicative purpose. It will not in any event be binding at any time. They may not reflect (1) the actual realization rates/prices of the investments detailed herein, which will be based on the then prevailing
market rates or prices (if any) obtainable by the Bank for such investments at the relevant times, or (2) your related gains or losses ultimately. Such information is based on data as of particular times only and will not reflect any subsequent changes in the
market or any other factors. It is not always practical or possible to obtain real time valuations and prices and the information contained herein may not correspond with any valuations given by different market participants. Neither the Bank nor any of the
Bank's affiliates makes any representation or warranty with respect to the accuracy, reliability or timeliness of any valuations contained herein. The Bank is not liable, and the Bank accepts no responsibility, liability or obligation whatsoever, for any error,
omission, loss, damage, expense or claim (whether directly or indirectly) arising from, or in connection with, any valuations (including but not limited to market values, prices and/or rates) contained herein, any use of them or any reliance on them.
This document is not intended for use by anyone other than the recipient and must not be reproduced or distributed by you to any other persons, in whole or in part for any purpose. The terms and conditions in the account documentation governing your
account with us will apply at all times.
The information contained in this statement may not fully and completely describe the terms and features of each investment. For full terms and features of each investment contained herein, please refer to the Bank's Confirmation Advice(s) / Termsheet(s)
(if any) for each particular investment (as applicable).
Please refer to your relationship manager should you wish to obtain an accurate, current and complete valuations for the relevant investments contained in this statement or should you have any queries regarding its contents.
* The Product Risk Rating ("PRR") has increased during the statement period.
The PRR is derived based on a number of pre-determined risk factors including but not limited to market, credit and liquidity risks of a product, and expresses this risk in a relative rank order on a scale of 1 to 5 (1 being the lowest risk and 5 being the
highest). The PRR may change or be revised from time to time. There may be discrepancies between the PRR assigned to the product by the Issuer and the PRR assigned to the same product by its distributors due to various reasons such as regulatory
considerations, jurisdictional aspects and/or market factors. The PRR does not, directly or indirectly, imply any recommendation or endorsement of a specific product for investment purposes, and you should seek independent financial, legal, tax or other
advice as may be necessary. The PRR is not derived from any client-related aspects of risk capacity. The PRR does not give any indication as to the potential return or risk of loss on an investment product. The PRR does not reflect all potential risks of a
specific product. The PRR does not reflect the terms and features of each investment product and does not replace the relevant product documentation (e.g. prospectus, information memorandum, termsheet(s) or confirmation advice(s)). Whilst some risk
factor information is provided by third parties which the Bank believes to be reliable, the Bank does not make any representation or warranty with respect to the correctness, reliability, completeness or timeliness of the PRR. Please note that the PRR is
included for information purposes only and it is neither an advice nor a recommendation on any transaction.
Notes for Securities
Financial instruments with variable interest rate (eg. Inflation Linked Note, Mortgage backed securities etc
Accrued Interest is not displayed for financial instruments with variable interest rate frequency or with variable interest rate within the same interest period.
Lehman Brothers related investment
As a consequence of Lehman Brothers Holdings Inc ("Lehman") filing for Chapter 11 bankruptcy protection on 15 September 2008, the prices of investments issued by Lehman or any of its subsidiaries, affiliates or branches
are not available and have been shown in this statement by default as "zero". Accordingly, your "Net Asset Value" set out in this statement may not reflect your actual portfolio valuation.
Notes for Currencies Related (Currency Option)
In the Quantity column, a negative figure means options sold whereas a positive figure means options bought. In the Maturity column, the date refers to the Expiry Date of the Currency Option. In the event of any discrepancies
as compared against the name of the Currency Option in the Position column, the date in the Maturity column prevails as the Expiry date of the Currency Option. CNY refers to offshore deliverable CNY.
Notes for Accumulators / Decumulators (SFA / SFD / FXA / FXD)
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch26/27

|  General information
You are advised to take note of (1) the section entitled "Important Notice" above regarding valuations detailed in this statement which will apply to any valuations provided herein for the abovementioned products and (2) the
Confirmation Advice(s) / Termsheet(s) for such products for full details of its respective terms and features.
Notes for Product Classification
Products are classified according to: (1) the type of asset; and (2) the geographic location, either the issuer's domicile (for securities other than bonds) or the country of the lawful currency (for bonds)
Notes for Performance
Profit/(Loss) is calculated net of fees.
Notes for Insurance Policies
Please note that Insurance Policies (and any surrender value or valuations in relation to such Insurance Policies) are excluded from the portfolio valuation set out in this statement.
In this document, cash maintained in the current accounts refers to and constitutes Current Deposit as defined in the Terms & Conditions governing the operation of the Account (
“AOD T&Cs”); and references to “Money
Market Call
” refers to and means Call Deposit and “Money Market Time” refers to and means Time Deposit as defined in the AOD T&Cs.
Talib Salim Mansoor Al Mawali
83.61738.0
83.61738.0 6000
Reference currency: USD
Reference date: 31.07.2025
Creation date: 01.08.2025
Bank J. Safra Sarasin Ltd, Singapore Branch27/27