# NOTES TO THE FINANCIAL STATEMENTS 30 June 2021 (continued)
- Statement of Net Assets for Prior Financial Periods (continued)

| Comgest Growth India |
| --- |
|  | 30 June 2021 | 31 December 2020 | 31 December 2019 |
| Net Assets for Shareholder dealing/prospectus | $124,326,495 | $115,463,294 | $172,607,009 |
| Net Asset Value per share EUR I Acc Class | €51.49 | €43.82 | €41.15 |
| Net Asset Value per share EUR R Acc Class | €46.64 | €39.93 | €37.97 |
| Net Asset Value per share USD Acc Class | $58.57 | $51.55 | $44.64 |
| Net Asset Value per share USD X Acc Class | $64.15 | $55.97 | $47.63 |

| Comgest Growth Latin America |
| --- |
|  | 30 June 2021 | 31 December 2020 | 31 December 2019 |
| Net Assets for Shareholder dealing/prospectus | €22,678,674 | €20,579,801 | €38,933,972 |
| Net Asset Value per share EUR Acc Class | €10.61 | €9.71 | €11.95 |
| Net Asset Value per share EUR I Acc Class | €10.84 | €9.89 | €12.12 |
| Net Asset Value per share EUR R Acc Class | €9.91 | €9.11 | €11.30 |
| Net Asset Value per share EUR Z Acc Class | €10.82 | €9.88 | €12.11 |
| Net Asset Value per share USD Acc Class | $8.83 | $8.35 | $9.38 |
| Net Asset Value per share USD I Acc Class | $9.20 | $8.67 | $9.74 |

- Cross Portfolio InvestmentWhen a Fund holds an investment in another Fund within the Company, this must be eliminated from the combined Company totals. This does not affect the NAV per share of any of the individual Funds. As at 30 June 2021 various Funds of Comgest Growth plc had invested in other Funds, as outlined below. The fair value as at 30 June 2021 was€111,634,156 (31 December 2020: €120,218,993).

| Fund | Security | % Net Assets 30 June 2021 | % Net Assets 31 December 2020 |
| --- | --- | --- | --- |
| Comgest Growth World | Comgest Growth America USD I Acc Class | - | 0.96% |
|  | Comgest Growth EAFE USD I Acc Class | - | 0.15% |
| Comgest Growth Emerging Markets | Comgest Growth China EUR SI Acc Class | 2.25% | 1.77% |
|  | Comgest Growth GEM Promising Companies EUR I Acc Class | 0.16% | 0.15% |
|  | Comgest Growth India USD Acc Class | 0.76% | 0.53% |
|  | Comgest Growth Latin America USD I Acc Class | 0.17% | 0.12% |
| Comgest Growth Europe | Comgest Growth Europe Opportunities EUR I Acc Class | - | - |
|  | Comgest Growth Europe Smaller Companies EUR I Acc Class | - |  |
|  |  | - |

There is no management fee charged on assets of the Funds invested in other Collective Investment Schemes and Undertakings for Collective Investment in Transferable Securities managed by the Investment Manager or an associated company.
- Significant Events during the Financial PeriodFollowing share classes were launched during the financial period ended 30 June 2021:

| Share Class | Launched date |
| --- | --- |
| Comgest Growth World Plus EUR Z Acc Class | 6 May 2021 |
| Comgest Growth World Plus GBP U Acc Class | 6 May 2021 |
| Comgest Growth World Plus USD Acc Class | 6 May 2021 |
| Comgest Growth World Plus GBP U Dis Class | 28 June 2021 |
| Comgest Growth Japan EUR SI Acc Class | 3 February 2021 |
| Comgest Growth Europe USD Z Acc Class | 6 April 2021 |
| Comgest Growth Europe ex UK GBP Y Dis Class | 24 March 2021 |
| Comgest Growth Asia EUR Acc Class | 15 February 2021 |
| Comgest Growth Asia Pac ex Japan EUR H Acc Class | 2 March 2021 |

- Significant Events during the Financial Period (continued)Since the start of January 2020, global financial markets have been monitoring and reacting to the novel coronavirus (2019- nCoV), more commonly known as COVID-19. On 11 March 2020 the World Health Organisation made the assessment to characterise COVID-19 as a pandemic.

The Investment Manager activated and continues to operate in accordance with its Business Continuity Plan to ensure its operations and client service obligations are continued with minimal disruption. Third Party and key service providers have also been contacted to ascertain their BCP processes and assess any potential business disruption risk. Comfort has been obtained as to the measures implemented to date to ensure continued ability in servicing our portfolios.
David Raper resigned as Director and was replaced with Gaurish Pinge as at 4 February 2021.
Effective 1 January 2021, there was a new Administration and Depositary fee agreement in place which represented a reduction in fees for both, with details below;
The Administrator shall be entitled to receive an annual fee from the Company, accrued daily and payable monthly in arrears, of 0.03% of the Net Asset Value of the Company up to EUR 7.5 bn and 0.025% above EUR 7.5bn , subject to such minimum fee as agreed between the Company and the Administrator.
The minimum fee includes €5,000 per Fund for the production of annual and semi-annual financial statements and
€2,500 per Fund for the production of annual and semi-annual financial statements where required at a sub-fund level. Annual and Semi-annual IFRS Consolidations financial statements are charged at €2,500 per annum.
The Administrator is entitled to receive a fee of €225 per sub fund per month in relation to the monitoring and application of swing pricing.
The Administrator is entitled to a minimum annual fee of €29,000 per Fund which includes two share classes. For each additional share class in excess of two per Fund, a fee of €2,500 per annum will be incurred and charged to the relevant Fund. The minimum annual fee will increase by €29,000 for each additional Fund. The annual fee will be charged pro rata in the event of a Fund commencing or ceasing during a financial year.
The Administrator is also entitled to a fee for services provided to the Company in relation to the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS). This fee will be €1,250 for the transmission of the Regulatory Tax Reporting per reporting entity per reporting run and €1,000 for the provision of the Regulatory Tax Reporting per reporting entity per reporting run and will be charged separately for FATCA and CRS.
The Depositary shall be entitled to receive an annual fee from the Company accrued daily and payable monthly in arrears of 0.0065% for the first €8 billion, 0.0060% for the next €2 billion and 0.0055% for the remainder above €10 billion of the Net Asset Value of the Company with a minimum annual depositary fee of €350 per Fund per month. The Company shall also pay and reimburse the Depositary in respect of all out-of-pocket expenses incurred by it on behalf of the Company. The Company will also be responsible for transaction charges and sub-custody charges (which will be charged at normal commercial rates).
The Company shall pay to the Depositary, out of the assets of the Company, an annual Safekeeping fee accrued daily and payable monthly in arrears at a rate, depending on the custody markets, ranging from 0.006% up to 0.65% (previous 0.50%) of the Net Asset Value of the Company, subject to a minimum fee of €25,000 per annum for the Company.
Effective 19 February 2021, an Addendum to the Supplement of to the Comgest Growth Europe ex UK fund was approved whereby a new share class, GBP Y Dis Share Class was added for investors.
Effective 9 March 2021, an addendum to the Prospectus was issued to include Sustainable Finance Disclosure Regulation wording.
Comgest Growth Emerging Markets Flex was merged with Comgest Growth Global Flex on 31 May 2021. Therefore Comgest Growth Emerging Markets Flex was no longer active after this date.
- Significant Events after the Financial PeriodNoted below is the Net Asset Value as of 19 August 2021 (18 August 2021 for Comgest Growth India due to a fund holiday) along with the value of subscription and redemptions recorded for the period 1 July 2021 to 19 August 2021.

| Fund Name | Currency | Net Asset Value | Value of Subscriptions | Value of Redemptions |
| --- | --- | --- | --- | --- |
| Comgest Growth World | US Dollar | 1,298,868,760 | 29,266,259 | 14,311,478 |
| Comgest Growth World Plus 2 | US Dollar | 11,239,619 | 31,402 | - |
| Comgest Growth Global Flex | Euro | 77,744,859 | 1,704,400 | 2,264,681 |
| Comgest Growth EAFE | US Dollar | 20,688,987 | - | 75,531 |
| Comgest Growth America | US Dollar | 392,556,376 | 30,059,983 | 6,491,303 |
| Comgest Growth Japan | Japanese Yen | 489,859,142,795 | 35,963,686,022 | 29,902,844,241 |
| Comgest Growth Japan Compounders | Japanese Yen | 499,256,522 | - | - |
| Comgest Growth Emerging Markets | US Dollar | 3,445,203,313 | 22,835,123 | 110,018,554 |
| Comgest Growth Emerging Markets ex China | US Dollar | 43,527,659 | 179,449 | - |
| Comgest Growth Emerging Markets Plus 1 | US Dollar | 290,937,800 | 8,378,774 | - |
| Comgest Growth GEM Promising Companies | Euro | 21,354,528 | 77,282 | 394,217 |
| Comgest Growth Europe | Euro | 4,709,078,735 | 183,058,326 | 289,696,327 |
| Comgest Growth Europe Compounders | Euro | 5,862,631 | - | - |
| Comgest Growth Europe Plus | Euro | 434,693,314 | 14,867,994 | 285,869 |
| Comgest Growth Europe S | Euro | 68,293,134 | 4,859,520 | 1,185,613 |
| Comgest Growth Europe Opportunities | Euro | 2,027,991,459 | 99,987,969 | 72,979,687 |
| Comgest Growth Europe Smaller Companies | Euro | 1,168,957,313 | 34,126,603 | 29,989,206 |
| Comgest Growth Europe ex Switzerland | Swiss Franc | 179,330,332 | 426,956 | 31,448 |
| Comgest Growth Europe ex UK | Pound Sterling | 311,927,668 | 17,753,112 | 7,486,335 |
| Comgest Growth Asia | US Dollar | 293,874,690 | 10,878,541 | 7,338,954 |
| Comgest Growth Asia ex Japan | US Dollar | 130,252,450 | 19,244,423 | 1,065,953 |
| Comgest Growth Asia Pac ex Japan | US Dollar | 271,053,711 | 4,016,926 | 53,707,976 |
| Comgest Growth China | Euro | 281,411,575 | 12,664,257 | 5,907,727 |
| Comgest Growth India | US Dollar | 128,965,624 | 387,881 | 753,568 |
| Comgest Growth Latin America | Euro | 21,092,050 | 101,650 | 111,494 |

1 Comgest Growth Emerging Markets Plus was launched on 29 January 2020.
2 Comgest Growth World Plus was launched on 27 November 2020.
- Securities LendingDuring the financial period ended 30 June 2021, the Company did not enter into securities lending transactions (financial period ended 31 December 2020: none).
- Approval of the Financial StatementsThe Board of Directors authorised the financial statements on 20 August 2021 for issue.

| Comgest Growth World |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 1,796,300 | HKD | 33,254,331 | 40,687,034 | 3.18 |
| Tencent Holdings Ltd | 507,675 | HKD | 27,344,445 | 38,177,716 | 2.98 |
|  |  |  | 60,598,776 | 78,864,750 | 6.16 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 1,789,292 | HKD | 52,996,188 | 50,689,176 | 3.96 |
|  |  |  | 52,996,188 | 50,689,176 | 3.96 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 113,594,964 | 129,553,926 | 10.12 |
| China |  |  |  |  |  |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 8,764,288 | CNY | 39,715,018 | 49,956,075 | 3.91 |
|  |  |  | 39,715,018 | 49,956,075 | 3.91 |
| Tobacco and spirits |  |  |  |  |  |
| Kweichow Moutai Co Ltd - A Shares | 38,078 | CNY | 5,372,225 | 12,120,346 | 0.95 |
|  |  |  | 5,372,225 | 12,120,346 | 0.95 |
|  |  |  |  |  |  |
| Total China |  |  | 45,087,243 | 62,076,421 | 4.86 |
| France |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L’Oréal SA | 91,845 | EUR | 23,446,526 | 40,931,755 | 3.20 |
|  |  |  | 23,446,526 | 40,931,755 | 3.20 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 30,629 | EUR | 13,752,652 | 24,020,354 | 1.88 |
|  |  |  | 13,752,652 | 24,020,354 | 1.88 |
|  |  |  |  |  |  |
| Total France |  |  | 37,199,178 | 64,952,109 | 5.08 |

| Comgest Growth World |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 53,770 | EUR | 10,833,456 | 13,320,685 | 1.04 |
|  |  |  | 10,833,456 | 13,320,685 | 1.04 |
|  |  |  |  |  |  |
| Total Germany |  |  | 10,833,456 | 13,320,685 | 1.04 |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 3,201,319 | HKD | 32,462,176 | 39,780,257 | 3.11 |
|  |  |  | 32,462,176 | 39,780,257 | 3.11 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 32,462,176 | 39,780,257 | 3.11 |
| India |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 1,400,576 | INR | 34,706,426 | 46,642,001 | 3.65 |
|  |  |  | 34,706,426 | 46,642,001 | 3.65 |
|  |  |  |  |  |  |
| Total India |  |  | 34,706,426 | 46,642,001 | 3.65 |
| Ireland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Medtronic PLC | 315,233 | USD | 29,855,365 | 39,129,872 | 3.06 |
|  |  |  | 29,855,365 | 39,129,872 | 3.06 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 29,855,365 | 39,129,872 | 3.06 |
| Japan |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 247,300 | JPY | 26,937,392 | 41,398,627 | 3.24 |
|  |  |  | 26,937,392 | 41,398,627 | 3.24 |
| Electronic semiconductor |  |  |  |  |  |
| Hoya Corp | 360,000 | JPY | 29,802,046 | 47,777,274 | 3.74 |
| Keyence Corp | 41,600 | JPY | 15,157,524 | 21,015,513 | 1.64 |
|  |  |  | 44,959,570 | 68,792,787 | 5.38 |

| Comgest Growth World |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Mechanics and machinery |  |  |  |  |  |
| Daikin Industries Ltd | 111,500 | JPY | 16,960,731 | 20,785,069 | 1.63 |
|  |  |  | 16,960,731 | 20,785,069 | 1.63 |
| News transmission |  |  |  |  |  |
| Hikari Tsushin Inc | 49,400 | JPY | 9,063,485 | 8,683,610 | 0.68 |
|  |  |  | 9,063,485 | 8,683,610 | 0.68 |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 28,900 | JPY | 15,420,978 | 21,775,897 | 1.70 |
|  |  |  | 15,420,978 | 21,775,897 | 1.70 |
|  |  |  |  |  |  |
| Total Japan |  |  | 113,342,156 | 161,435,990 | 12.63 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 732,614 | GBP | 26,111,911 | 28,196,259 | 2.20 |
|  |  |  | 26,111,911 | 28,196,259 | 2.20 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 26,111,911 | 28,196,259 | 2.20 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 354,721 | EUR | 22,080,990 | 24,953,767 | 1.95 |
|  |  |  | 22,080,990 | 24,953,767 | 1.95 |
|  |  |  |  |  |  |
| Total Spain |  |  | 22,080,990 | 24,953,767 | 1.95 |
| Switzerland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 84,094 | CHF | 26,239,036 | 31,709,802 | 2.48 |
|  |  |  | 26,239,036 | 31,709,802 | 2.48 |
|  |  |  |  |  |  |
| Total Switzerland |  |  | 26,239,036 | 31,709,802 | 2.48 |
| United States of America |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Ecolab Inc | 96,255 | USD | 15,790,979 | 19,825,642 | 1.55 |
|  |  |  | 15,790,979 | 19,825,642 | 1.55 |

| Comgest Growth World |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Consumer goods |  |  |  |  |  |
| Church & Dwight Co Inc | 299,992 | USD | 21,918,062 | 25,565,318 | 2.00 |
|  |  |  | 21,918,062 | 25,565,318 | 2.00 |
| Internet software |  |  |  |  |  |
| Activision Blizzard Inc | 398,728 | USD | 38,034,158 | 38,054,600 | 2.97 |
| Alphabet Inc - A Shares | 23,727 | USD | 34,012,884 | 57,936,351 | 4.53 |
| Facebook Inc - A Shares | 144,311 | USD | 33,354,083 | 50,178,378 | 3.92 |
| Intuit Inc | 83,783 | USD | 22,607,707 | 41,067,913 | 3.21 |
| Microsoft Corp | 266,449 | USD | 37,526,827 | 72,181,035 | 5.64 |
| Verisk Analytics Inc | 149,631 | USD | 24,620,709 | 26,143,528 | 2.04 |
|  |  |  |   190,156,368	 | 285,561,805	 | 22.31 |
| Other services |  |  |  |  |  |
| Visa Inc - A Shares | 253,563 | USD | 41,910,037 | 59,288,101 | 4.63 |
|  |  |  | 41,910,037 | 59,288,101 | 4.63 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Becton Dickinson and Co | 93,745 | USD | 21,572,418 | 22,797,847 | 1.78 |
| Eli Lilly & Co | 225,777 | USD | 27,352,318 | 51,820,337 | 4.05 |
| Johnson & Johnson | 184,322 | USD | 25,703,375 | 30,365,206 | 2.38 |
|  |  |  | 74,628,111 | 104,983,390 | 8.21 |
| Retail |  |  |  |  |  |
| Amazon.com Inc | 5,601 | USD | 19,540,441 | 19,268,336 | 1.51 |
| Costco Wholesale Corp | 59,090 | USD | 21,536,797 | 23,380,140 | 1.83 |
| Walmart Inc | 171,796 | USD | 18,554,687 | 24,226,672 | 1.89 |
|  |  |  | 59,631,925 | 66,875,148 | 5.23 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 404,035,482 | 562,099,404 | 43.93 |
|  |  |  |  |  |  |
| Equity securities |  |  | 895,548,383 | 1,203,850,493 | 94.11 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 22,541 | USD | 1,851,245 | 1,441,722 | 0.11 |
|  |  |  | 1,851,245 | 1,441,722 | 0.11 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 1,851,245 | 1,441,722 | 0.11 |

| Comgest Growth World |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 507,774 | USD | 28,905,655 | 61,014,125 | 4.77 |
|  |  | 28,905,655 | 61,014,125 | 4.77 |
|  |  |  |  |  |
| Total Taiwan |  | 28,905,655 | 61,014,125 | 4.77 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 30,756,900 | 62,455,847 | 4.88 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 926,305,283 | 1,266,306,340 | 98.99 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 926,305,283 | 1,266,306,340 | 98.99 |
| Cash and other net assets |  |  | 12,921,623 | 1.01 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 1,279,227,963 | 100.00 |
|  |  |  |  |  |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 98.80 |

| Comgest Growth World Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 18,000 | HKD | 339,237 | 407,708 | 3.68 |
| Tencent Holdings Ltd | 4,300 | HKD | 325,112 | 323,365 | 2.92 |
|  |  |  | 664,349 | 731,073 | 6.60 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 15,740 | HKD | 521,698 | 445,901 | 4.02 |
|  |  |  | 521,698 | 445,901 | 4.02 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 1,186,047 | 1,176,974 | 10.62 |
| China |  |  |  |  |  |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 78,700 | CNY | 463,706 | 448,587 | 4.05 |
|  |  |  | 463,706 | 448,587 | 4.05 |
|  |  |  |  |  |  |
| Total China |  |  | 463,706 | 448,587 | 4.05 |
| France |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L’Oréal SA | 743 | EUR | 278,216 | 331,126 | 2.99 |
|  |  |  | 278,216 | 331,126 | 2.99 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 278 | EUR | 172,357 | 218,018 | 1.97 |
|  |  |  | 172,357 | 218,018 | 1.97 |
|  |  |  |  |  |  |
| Total France |  |  | 450,573 | 549,144 | 4.96 |

| Comgest Growth World Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 30,800 | HKD | 356,141 | 382,727 | 3.45 |
|  |  |  | 356,141 | 382,727 | 3.45 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 356,141 | 382,727 | 3.45 |
| Ireland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Medtronic PLC | 2,575 | USD | 297,541 | 319,635 | 2.88 |
|  |  |  | 297,541 | 319,635 | 2.88 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 297,541 | 319,635 | 2.88 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Shimano Inc | 900 | JPY | 216,305 | 213,668 | 1.93 |
|  |  |  | 216,305 | 213,668 | 1.93 |
| Chemicals |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 2,100 | JPY | 342,434 | 351,545 | 3.17 |
|  |  |  | 342,434 | 351,545 | 3.17 |
| Electronic semiconductor |  |  |  |  |  |
| Hoya Corp | 3,100 | JPY | 414,080 | 411,415 | 3.71 |
| Keyence Corp | 400 | JPY | 202,667 | 202,072 | 1.82 |
|  |  |  | 616,747 | 613,487 | 5.53 |
| Mechanics and machinery |  |  |  |  |  |
| Daikin Industries Ltd | 1,100 | JPY | 248,658 | 205,054 | 1.85 |
|  |  |  | 248,658 | 205,054 | 1.85 |
| News transmission |  |  |  |  |  |
| Hikari Tsushin Inc | 700 | JPY | 171,744 | 123,047 | 1.11 |
|  |  |  | 171,744 | 123,047 | 1.11 |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 200 | JPY | 161,829 | 150,698 | 1.36 |
|  |  |  | 161,829 | 150,698 | 1.36 |
|  |  |  |  |  |  |
| Total Japan |  |  | 1,757,717 | 1,657,499 | 14.95 |

| Comgest Growth World Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 9,998 | GBP | 350,789 | 384,795 | 3.47 |
|  |  |  | 350,789 | 384,795 | 3.47 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 350,789 | 384,795 | 3.47 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 2,999 | EUR | 215,978 | 210,972 | 1.90 |
|  |  |  | 215,978 | 210,972 | 1.90 |
|  |  |  |  |  |  |
| Total Spain |  |  | 215,978 | 210,972 | 1.90 |
| Switzerland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 716 | CHF | 239,944 | 269,986 | 2.44 |
|  |  |  | 239,944 | 269,986 | 2.44 |
|  |  |  |  |  |  |
| Total Switzerland |  |  | 239,944 | 269,986 | 2.44 |
| United States of America |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Ecolab Inc | 840 | USD | 188,867 | 173,015 | 1.56 |
|  |  |  | 188,867 | 173,015 | 1.56 |
| Consumer goods |  |  |  |  |  |
| Church & Dwight Co Inc | 2,763 | USD | 232,836 | 235,463 | 2.12 |
|  |  |  | 232,836 | 235,463 | 2.12 |
| Internet software |  |  |  |  |  |
| Activision Blizzard Inc | 3,386 | USD | 322,636 | 323,160 | 2.91 |
| Alphabet Inc - A Shares | 224 | USD | 413,184 | 546,961 | 4.93 |
| Intuit Inc | 1,026 | USD | 369,429 | 502,914 | 4.54 |
| Microsoft Corp | 2,235 | USD | 487,139 | 605,462 | 5.46 |
| Verisk Analytics Inc | 1,291 | USD | 212,982 | 225,564 | 2.04 |
|  |  |  | 1,805,370 | 2,204,061 | 19.88 |
| Other services |  |  |  |  |  |
| Visa Inc - A Shares | 2,170 | USD | 457,768 | 507,389 | 4.58 |
|  |  |  | 457,768 | 507,389 | 4.58 |

| Comgest Growth World Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Becton Dickinson and Co | 725 | USD | 166,638 | 176,313 | 1.59 |
| Eli Lilly & Co | 2,026 | USD | 308,779 | 465,008 | 4.19 |
| Johnson & Johnson | 1,570 | USD | 229,737 | 258,642 | 2.33 |
|  |  |  | 705,154 | 899,963 | 8.11 |
| Retail |  |  |  |  |  |
| Amazon.com Inc | 48 | USD | 167,460 | 165,128 | 1.49 |
| Costco Wholesale Corp | 516 | USD | 188,806 | 204,166 | 1.84 |
|  |  |  | 356,266 | 369,294 | 3.33 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 3,746,261 | 4,389,185 | 39.58 |
|  |  |  |  |  |  |
| Equity securities |  |  | 9,064,697 | 9,789,504 | 88.30 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 205 | USD | 21,404 | 13,111 | 0.12 |
|  |  |  | 21,404 | 13,111 | 0.12 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 21,404 | 13,111 | 0.12 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 4,485 | USD | 450,197 | 538,918 | 4.86 |
|  |  | 450,197 | 538,918 | 4.86 |
|  |  |  |  |  |
| Total Taiwan |  | 450,197 | 538,918 | 4.86 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 471,601 | 552,029 | 4.98 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 9,536,298 | 10,341,533 | 93.28 |

| Comgest Growth World Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Other transferable securities |  |  |  |  |  |
| Warrants |  |  |  |  |  |
| India |  |  |  |  |  |
| Banks and financial institutions |  |  |  |  |  |
| Housing Development Finance Corp Ltd 30/06/2025 | 12,732 | USD | 391,063 | 423,822 | 3.82 |
|  |  | 391,063 | 423,822 | 3.82 |
|  |  |  |  |  |
| Total India |  | 391,063 | 423,822 | 3.82 |
|  |  |  |  |  |
| Warrants |  | 391,063 | 423,822 | 3.82 |
|  |  |  |  |  |
| Other transferable securities |  | 391,063 | 423,822 | 3.82 |
|  |  |  |  |  |
| Financial assets at fair value through profit and loss |  | 9,927,361 | 10,765,355 | 97.10 |
| Cash and other net assets |  |  | 320,983 | 2.90 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 11,086,338 | 100.00 |
|  |  |  |  |  |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 93.06 |
| Other transferable securities |  |  |  | 3.81 |

| Comgest Growth Global Flex |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 118,720 | HKD | 1,902,684 | 2,267,530 | 2.97 |
| Tencent Holdings Ltd | 35,270 | HKD | 1,684,046 | 2,236,565 | 2.93 |
|  |  |  | 3,586,730 | 4,504,095 | 5.90 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 122,568 | HKD | 3,111,341 | 2,927,945 | 3.84 |
|  |  |  | 3,111,341 | 2,927,945 | 3.84 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 6,698,071 | 7,432,040 | 9.74 |
| China |  |  |  |  |  |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 618,441 | CNY | 2,515,445 | 2,972,500 | 3.89 |
|  |  |  | 2,515,445 | 2,972,500 | 3.89 |
| Tobacco and spirits |  |  |  |  |  |
| Kweichow Moutai Co Ltd - A Shares | 2,569 | CNY | 342,625 | 689,536 | 0.90 |
|  |  |  | 342,625 | 689,536 | 0.90 |
|  |  |  |  |  |  |
| Total China |  |  | 2,858,070 | 3,662,036 | 4.79 |
| France |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L’Oréal SA | 6,286 | EUR | 1,387,101 | 2,362,279 | 3.09 |
|  |  |  | 1,387,101 | 2,362,279 | 3.09 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 2,144 | EUR | 850,396 | 1,417,827 | 1.86 |
|  |  |  | 850,396 | 1,417,827 | 1.86 |
|  |  |  |  |  |  |
| Total France |  |  | 2,237,497 | 3,780,106 | 4.95 |

| Comgest Growth Global Flex |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 3,684 | EUR | 643,740 | 769,588 | 1.01 |
|  |  |  | 643,740 | 769,588 | 1.01 |
|  |  |  |  |  |  |
| Total Germany |  |  | 643,740 | 769,588 | 1.01 |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 213,973 | HKD | 1,901,147 | 2,242,072 | 2.94 |
|  |  |  | 1,901,147 | 2,242,072 | 2.94 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 1,901,147 | 2,242,072 | 2.94 |
| India |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 93,574 | INR | 2,004,069 | 2,627,711 | 3.44 |
|  |  |  | 2,004,069 | 2,627,711 | 3.44 |
|  |  |  |  |  |  |
| Total India |  |  | 2,004,069 | 2,627,711 | 3.44 |
| Ireland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Medtronic PLC | 21,728 | USD | 1,826,007 | 2,274,304 | 2.98 |
|  |  |  | 1,826,007 | 2,274,304 | 2.98 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 1,826,007 | 2,274,304 | 2.98 |
| Japan |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 17,400 | JPY | 1,708,546 | 2,456,196 | 3.22 |
|  |  |  | 1,708,546 | 2,456,196 | 3.22 |
| Electronic semiconductor |  |  |  |  |  |
| Hoya Corp | 25,300 | JPY | 1,873,833 | 2,831,335 | 3.71 |
| Keyence Corp | 2,900 | JPY | 913,399 | 1,235,369 | 1.62 |
|  |  |  | 2,787,232 | 4,066,704 | 5.33 |

| Comgest Growth Global Flex |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Mechanics and machinery |  |  |  |  |  |
| Daikin Industries Ltd | 7,600 | JPY | 1,027,193 | 1,194,654 | 1.58 |
|  |  |  | 1,027,193 | 1,194,654 | 1.58 |
| News transmission |  |  |  |  |  |
| Hikari Tsushin Inc | 3,500 | JPY | 595,092 | 518,791 | 0.68 |
|  |  |  | 595,092 | 518,791 | 0.68 |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 2,000 | JPY | 911,911 | 1,270,750 | 1.66 |
|  |  |  | 911,911 | 1,270,750 | 1.66 |
|  |  |  |  |  |  |
| Total Japan |  |  | 7,029,974 | 9,507,095 | 12.47 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 51,464 | GBP | 1,518,239 | 1,670,213 | 2.19 |
|  |  |  | 1,518,239 | 1,670,213 | 2.19 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 1,518,239 | 1,670,213 | 2.19 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 24,496 | EUR | 1,389,878 | 1,453,103 | 1.90 |
|  |  |  | 1,389,878 | 1,453,103 | 1.90 |
|  |  |  |  |  |  |
| Total Spain |  |  | 1,389,878 | 1,453,103 | 1.90 |
| Switzerland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 5,934 | CHF | 1,650,840 | 1,886,809 | 2.47 |
|  |  |  | 1,650,840 | 1,886,809 | 2.47 |
|  |  |  |  |  |  |
| Total Switzerland |  |  | 1,650,840 | 1,886,809 | 2.47 |

| Comgest Growth Global Flex |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| United States of America |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Ecolab Inc | 6,555 | USD | 941,604 | 1,138,488 | 1.49 |
|  |  |  | 941,604 | 1,138,488 | 1.49 |
| Consumer goods |  |  |  |  |  |
| Church & Dwight Co Inc | 21,115 | USD | 1,323,802 | 1,517,346 | 1.99 |
|  |  |  | 1,323,802 | 1,517,346 | 1.99 |
| Internet software |  |  |  |  |  |
| Activision Blizzard Inc | 28,241 | USD | 2,253,095 | 2,272,806 | 2.98 |
|  |  |  | 2,253,095 | 2,272,806 | 2.98 |
| Internet software |  |  |  |  |  |
| Alphabet Inc - A Shares | 1,671 | USD | 2,128,144 | 3,440,620 | 4.51 |
| Facebook Inc - A Shares | 10,166 | USD | 2,054,090 | 2,980,707 | 3.90 |
| Intuit Inc | 5,634 | USD | 1,352,164 | 2,328,711 | 3.05 |
| Microsoft Corp | 18,380 | USD | 2,355,882 | 4,198,619 | 5.50 |
| Verisk Analytics Inc | 10,423 | USD | 1,426,056 | 1,535,632 | 2.01 |
|  |  |  | 9,316,336 | 14,484,289 | 18.97 |
| Other services |  |  |  |  |  |
| Visa Inc - A Shares | 17,863 | USD | 2,650,945 | 3,521,989 | 4.61 |
|  |  |  | 2,650,945 | 3,521,989 | 4.61 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Becton Dickinson and Co | 6,263 | USD | 1,318,907 | 1,284,340 | 1.68 |
| Eli Lilly & Co | 15,505 | USD | 1,639,481 | 3,000,850 | 3.93 |
| Johnson & Johnson | 13,006 | USD | 1,591,270 | 1,806,736 | 2.37 |
|  |  |  | 4,549,658 | 6,091,926 | 7.98 |
| Retail |  |  |  |  |  |
| Amazon.com Inc | 394 | USD | 1,151,033 | 1,142,949 | 1.50 |
| Costco Wholesale Corp | 4,256 | USD | 1,303,447 | 1,419,995 | 1.86 |
| Walmart Inc | 12,122 | USD | 1,171,128 | 1,441,474 | 1.89 |
|  |  |  | 3,625,608 | 4,004,418 | 5.25 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 24,661,048 | 33,031,262 | 43.27 |
|  |  |  |  |  |  |
| Equity securities |  |  | 54,418,580 | 70,336,339 | 92.15 |

| Comgest Growth Global Flex |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 1,576 | USD | 114,417 | 84,999 | 0.11 |
|  |  |  | 114,417 | 84,999 | 0.11 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 114,417 | 84,999 | 0.11 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 35,104 | USD | 1,782,574 | 3,556,874 | 4.66 |
|  |  | 1,782,574 | 3,556,874 | 4.66 |
|  |  |  |  |  |
| Total Taiwan |  | 1,782,574 | 3,556,874 | 4.66 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 1,896,991 | 3,641,873 | 4.77 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 56,315,571 | 73,978,212 | 96.92 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 56,315,571 | 73,978,212 | 96.92 |
| Total financial derivative instrument (Note 6) |  |  | (1,149,160) | (1.51) |
| Cash and other net assets |  |  | 3,505,683 | 4.59 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 76,334,735 | 100.00 |
|  |  |  |  |  |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 92.99 |
| Derivative instrument |  |  |  | 0.30 |

| Comgest Growth EAFE |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 40,890 | HKD | 605,307 | 926,178 | 4.44 |
| Tencent Holdings Ltd | 10,324 | HKD | 542,220 | 776,376 | 3.72 |
|  |  |  | 1,147,527 | 1,702,554 | 8.16 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 32,900 | HKD | 972,697 | 932,030 | 4.46 |
|  |  |  | 972,697 | 932,030 | 4.46 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 2,120,224 | 2,634,584 | 12.62 |
| China |  |  |  |  |  |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 166,116 | CNY | 717,965 | 946,854 | 4.54 |
|  |  |  | 717,965 | 946,854 | 4.54 |
| Tobacco and spirits |  |  |  |  |  |
| Kweichow Moutai Co Ltd - A Shares | 755 | CNY | 83,551 | 240,319 | 1.15 |
|  |  |  | 83,551 | 240,319 | 1.15 |
|  |  |  |  |  |  |
| Total China |  |  | 801,516 | 1,187,173 | 5.69 |
| Denmark |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Novo Nordisk A/S - B Shares | 11,172 | DKK | 736,638 | 936,087 | 4.48 |
|  |  |  | 736,638 | 936,087 | 4.48 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 736,638 | 936,087 | 4.48 |

| Comgest Growth EAFE |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| France |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Dassault Systèmes SE | 1,039 | EUR | 244,380 | 251,975 | 1.21 |
|  |  |  | 244,380 | 251,975 | 1.21 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 3,399 | EUR | 489,189 | 627,365 | 3.01 |
| L’Oréal SA | 1,579 | EUR | 340,829 | 703,699 | 3.37 |
|  |  |  | 830,018 | 1,331,064 | 6.38 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 651 | EUR | 297,303 | 510,537 | 2.45 |
|  |  |  | 297,303 | 510,537 | 2.45 |
| Tobacco and spirits |  |  |  |  |  |
| Pernod Ricard SA | 3,763 | EUR | 676,341 | 835,388 | 4.00 |
|  |  |  | 676,341 | 835,388 | 4.00 |
|  |  |  |  |  |  |
| Total France |  |  | 2,048,042 | 2,928,964 | 14.04 |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 1,429 | EUR | 313,421 | 354,013 | 1.70 |
|  |  |  | 313,421 | 354,013 | 1.70 |
| Internet software |  |  |  |  |  |
| SAP SE | 2,916 | EUR | 344,019 | 410,959 | 1.97 |
|  |  |  | 344,019 | 410,959 | 1.97 |
|  |  |  |  |  |  |
| Total Germany |  |  | 657,440 | 764,972 | 3.67 |
| Great Britain |  |  |  |  |  |
| Food and distilleries |  |  |  |  |  |
| Unilever PLC | 7,015 | GBP | 389,244 | 409,972 | 1.96 |
|  |  |  | 389,244 | 409,972 | 1.96 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 389,244 | 409,972 | 1.96 |

| Comgest Growth EAFE |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 66,455 | HKD | 694,042 | 825,784 | 3.96 |
|  |  |  | 694,042 | 825,784 | 3.96 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 694,042 | 825,784 | 3.96 |
| India |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 28,558 | INR | 706,103 | 951,039 | 4.56 |
|  |  |  | 706,103 | 951,039 | 4.56 |
|  |  |  |  |  |  |
| Total India |  |  | 706,103 | 951,039 | 4.56 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Shimano Inc | 2,000 | JPY | 471,502 | 474,818 | 2.27 |
|  |  |  | 471,502 | 474,818 | 2.27 |
| Chemicals |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 4,700 | JPY | 527,564 | 786,792 | 3.77 |
|  |  |  | 527,564 | 786,792 | 3.77 |
| Electronic semiconductor |  |  |  |  |  |
| Hoya Corp | 6,700 | JPY | 549,759 | 889,188 | 4.26 |
| Keyence Corp | 900 | JPY | 307,130 | 454,663 | 2.18 |
| Sony Group Corp | 4,700 | JPY | 484,804 | 457,974 | 2.19 |
|  |  |  | 1,341,693 | 1,801,825 | 8.63 |
| Electronics and electrical equipment |  |  |  |  |  |
| Hamamatsu Photonics KK | 5,300 | JPY | 202,829 | 319,939 | 1.53 |
|  |  |  | 202,829 | 319,939 | 1.53 |
| Graphic art and publishing |  |  |  |  |  |
| Recruit Holdings Co Ltd | 4,800 | JPY | 241,091 | 236,562 | 1.13 |
|  |  |  | 241,091 | 236,562 | 1.13 |
| Mechanics and machinery |  |  |  |  |  |
| Daifuku Co Ltd | 4,800 | JPY | 411,368 | 436,364 | 2.09 |
| Daikin Industries Ltd | 2,800 | JPY | 382,442 | 521,957 | 2.50 |
|  |  |  | 793,810 | 958,321 | 4.59 |

| Comgest Growth EAFE |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| News transmission |  |  |  |  |  |
| Hikari Tsushin Inc | 1,200 | JPY | 206,063 | 210,937 | 1.01 |
|  |  |  | 206,063 | 210,937 | 1.01 |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 600 | JPY | 262,486 | 452,095 | 2.17 |
|  |  |  | 262,486 | 452,095 | 2.17 |
|  |  |  |  |  |  |
| Total Japan |  |  | 4,047,038 | 5,241,289 | 25.10 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 20,960 | GBP | 612,376 | 806,692 | 3.86 |
|  |  |  | 612,376 | 806,692 | 3.86 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 612,376 | 806,692 | 3.86 |
| Netherlands |  |  |  |  |  |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 93 | EUR | 211,591 | 227,249 | 1.09 |
|  |  |  | 211,591 | 227,249 | 1.09 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 348 | EUR | 238,219 | 239,114 | 1.15 |
|  |  |  | 238,219 | 239,114 | 1.15 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 449,810 | 466,363 | 2.24 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 8,078 | EUR | 514,668 | 568,268 | 2.72 |
|  |  |  | 514,668 | 568,268 | 2.72 |
|  |  |  |  |  |  |
| Total Spain |  |  | 514,668 | 568,268 | 2.72 |

| Comgest Growth EAFE |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Switzerland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 1,912 | CHF | 583,593 | 720,969 | 3.45 |
| Straumann Holding AG | 406 | CHF | 373,443 | 647,860 | 3.10 |
|  |  |  | 957,036 | 1,368,829 | 6.55 |
|  |  |  |  |  |  |
| Total Switzerland |  |  | 957,036 | 1,368,829 | 6.55 |
|  |  |  |  |  |  |
| Equity securities |  |  | 14,734,177 | 19,090,016 | 91.45 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 640 | USD | 55,530 | 40,933 | 0.20 |
|  |  |  | 55,530 | 40,933 | 0.20 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 55,530 | 40,933 | 0.20 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 9,577 | USD | 547,736 | 1,150,772 | 5.51 |
|  |  | 547,736 | 1,150,772 | 5.51 |
|  |  |  |  |  |
| Total Taiwan |  | 547,736 | 1,150,772 | 5.51 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 603,266 | 1,191,705 | 5.71 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 15,337,443 | 20,281,721 | 97.16 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 15,337,443 | 20,281,721 | 97.16 |
| Cash and other net assets |  |  |     593,775	 | 2.84 |
| Total net assets attributable to holders of redeemable participating shares |  |  |   20,875,496	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 96.99 |

| Comgest Growth America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Ireland |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Medtronic PLC | 83,500 | USD | 7,774,698 | 10,364,855 | 2.98 |
|  |  |  | 7,774,698 | 10,364,855 | 2.98 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 7,774,698 | 10,364,855 | 2.98 |
| United States of America |  |  |  |  |  |
| Biotechnology |  |  |  |  |  |
| BioMarin Pharmaceutical Inc | 66,400 | USD | 5,588,687 | 5,540,416 | 1.59 |
|  |  |  | 5,588,687 | 5,540,416 | 1.59 |
| Construction and building material |  |  |  |  |  |
| Trex Co Inc | 19,000 | USD | 1,300,701 | 1,941,990 | 0.56 |
|  |  |  | 1,300,701 | 1,941,990 | 0.56 |
| Electronic semiconductor |  |  |  |  |  |
| Analog Devices Inc | 40,000 | USD | 4,655,253 | 6,886,400 | 1.98 |
|  |  |  | 4,655,253 | 6,886,400 | 1.98 |
| Graphic art and publishing |  |  |  |  |  |
| Comcast Corp - A Shares | 268,700 | USD | 10,738,881 | 15,321,274 | 4.40 |
| New York Times Co/The | 89,792 | USD | 4,168,990 | 3,910,442 | 1.12 |
|  |  |  | 14,907,871 | 19,231,716 | 5.52 |
| Healthcare education and social services |  |  |  |  |  |
| Service Corp International/US | 153,500 | USD | 7,652,444 | 8,226,065 | 2.36 |
|  |  |  | 7,652,444 | 8,226,065 | 2.36 |
| Holding and finance companies |  |  |  |  |  |
| Equifax Inc | 54,400 | USD | 10,088,302 | 13,029,344 | 3.74 |
| Vulcan Materials Co | 13,200 | USD | 2,478,253 | 2,297,724 | 0.66 |
|  |  |  | 12,566,555 | 15,327,068 | 4.40 |

| Comgest Growth America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Internet software |  |  |  |  |  |
| Activision Blizzard Inc | 159,900 | USD | 10,376,269 | 15,260,856 | 4.38 |
| Alphabet Inc - A Shares | 2,970 | USD | 4,158,563 | 7,252,116 | 2.08 |
| Facebook Inc - A Shares | 50,800 | USD | 11,165,883 | 17,663,668 | 5.07 |
| Intuit Inc | 39,900 | USD | 9,639,989 | 19,557,783 | 5.61 |
| Microsoft Corp | 108,400 | USD | 11,011,004 | 29,365,560 | 8.43 |
| Oracle Corp | 270,000 | USD | 14,025,036 | 21,016,800 | 6.03 |
| Paychex Inc | 33,000 | USD | 2,112,596 | 3,540,900 | 1.02 |
| Paycom Software Inc | 5,000 | USD | 1,626,045 | 1,817,349 | 0.52 |
| ROBLOX Corp | 23,132 | USD | 1,498,186 | 2,081,417 | 0.60 |
| Tyler Technologies Inc | 7,550 | USD | 2,416,027 | 3,415,394 | 0.98 |
| Verisk Analytics Inc | 22,437 | USD | 2,202,998 | 3,920,193 | 1.13 |
|  |  |  | 	70,232,596  | 124,892,036	 | 35.85 |
| Mechanics and machinery |  |  |  |  |  |
| Otis Worldwide Corp | 111,200 | USD | 6,463,251 | 9,092,824 | 2.61 |
|  |  |  | 6,463,251 | 9,092,824 | 2.61 |
| Office equipment and computers |  |  |  |  |  |
| Apple Inc | 154,400 | USD | 9,768,753 | 21,146,624 | 6.07 |
| Avery Dennison Corp | 70,500 | USD | 8,038,610 | 14,821,920 | 4.25 |
| Cisco Systems Inc | 123,100 | USD | 5,146,699 | 6,524,300 | 1.87 |
| Visa Inc - A Shares | 59,700 | USD | 7,912,593 | 13,959,054 | 4.01 |
|  |  |  | 	30,866,655	 | 56,451,898	 | 16.20 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Becton Dickinson and Co | 22,000 | USD | 4,468,575 | 5,350,180 | 1.54 |
| Eli Lilly & Co | 68,900 | USD | 8,200,447 | 15,813,928 | 4.54 |
| Estee Lauder Cos Inc | 25,000 | USD | 4,261,614 | 7,952,000 | 2.29 |
| Johnson & Johnson | 66,500 | USD | 8,215,496 | 10,955,210 | 3.14 |
|  |  |  | 	25,146,132	 | 40,071,318	 | 11.51 |
| Public services |  |  |  |  |  |
| CMS Energy Corp | 159,500 | USD | 8,899,285 | 9,423,260 | 2.71 |
|  |  |  | 8,899,285 | 9,423,260 | 2.71 |
| Retail |  |  |  |  |  |
| Amazon.com Inc | 5,140 | USD | 9,918,120 | 17,682,422 | 5.08 |
| Costco Wholesale Corp | 27,501 | USD | 8,814,565 | 10,881,321 | 3.12 |
| Walmart Inc | 27,000 | USD | 2,599,859 | 3,807,540 | 1.09 |
|  |  |  | 21,332,544 | 32,371,283 | 9.29 |
| Transportation |  |  |  |  |  |
| JB Hunt Transport Services Inc | 37,000 | USD | 5,563,873 | 6,029,150 | 1.73 |
|  |  |  | 5,563,873 | 6,029,150 | 1.73 |
|  |  |  |  |  |  |
| Total United States of America |  |  |   215,175,847  | 335,485,424	 | 96.31 |

| Comgest Growth America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
|  |  |  |  |  |  |
| Equity securities |  | 222,950,545 | 345,850,279 | 99.29 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 222,950,545 | 345,850,279 | 99.29 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 222,950,545 | 345,850,279 | 99.29 |
| Total financial derivative instrument (Note 6) |  |  | (297,173) | (0.09) |
| Cash and other net assets |  |  | 	2,794,011	 | 0.80 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  348,347,117	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 99.06 |

| Comgest Growth Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in JPY) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost JPY | JPY | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Shimano Inc | 388,400 | JPY | 8,516,660,589 | 10,234,340,000 | 2.03 |
| Suzuki Motor Corp | 3,066,300 | JPY | 14,178,987,484 | 14,414,676,300 | 2.86 |
|  |  |  | 22,695,648,073 | 24,649,016,300 | 4.89 |
| Chemicals |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 732,800 | JPY | 7,511,179,050 | 13,615,424,000 | 2.70 |
|  |  |  | 7,511,179,050 | 13,615,424,000 | 2.70 |
| Construction and building material |  |  |  |  |  |
| MonotaRO Co Ltd | 3,771,000 | JPY | 4,439,433,100 | 9,917,730,000 | 1.97 |
|  |  |  | 4,439,433,100 | 9,917,730,000 | 1.97 |
| Consumer goods |  |  |  |  |  |
| Pigeon Corp | 2,827,200 | JPY | 12,197,988,977 | 8,849,136,000 | 1.75 |
| Yamaha Corp | 1,499,300 | JPY | 8,205,852,098 | 9,040,779,000 | 1.79 |
|  |  |  | 20,403,841,075 | 17,889,915,000 | 3.54 |
| Electronic semiconductor |  |  |  |  |  |
| Hoya Corp | 512,600 | JPY | 4,347,035,414 | 7,550,598,000 | 1.50 |
| Keyence Corp | 231,160 | JPY | 6,889,726,763 | 12,961,141,200 | 2.57 |
| Lasertec Corp | 393,500 | JPY | 7,193,754,364 | 8,495,665,000 | 1.69 |
| Murata Manufacturing Co Ltd | 1,732,800 | JPY | 11,372,615,369 | 14,697,609,600 | 2.91 |
| Nidec Corp | 1,218,000 | JPY | 8,772,391,168 | 15,681,750,000 | 3.11 |
| Sony Group Corp | 704,200 | JPY | 8,188,309,224 | 7,615,923,000 | 1.51 |
|  |  |  | 46,763,832,302 | 67,002,686,800 | 13.29 |
| Electronics and electrical equipment |  |  |  |  |  |
| FANUC Corp | 706,000 | JPY | 15,525,391,683 | 18,917,270,000 | 3.75 |
| Hamamatsu Photonics KK | 1,835,000 | JPY | 7,693,873,741 | 12,294,500,000 | 2.44 |
|  |  |  | 23,219,265,424 | 31,211,770,000 | 6.19 |
| Graphic art and publishing |  |  |  |  |  |
| Recruit Holdings Co Ltd | 2,406,900 | JPY | 8,797,403,731 | 13,165,743,000 | 2.61 |
|  |  |  | 8,797,403,731 | 13,165,743,000 | 2.61 |
| Holding and finance companies |  |  |  |  |  |
| ORIX Corp | 7,341,100 | JPY | 12,496,973,277 | 13,760,891,950 | 2.73 |
|  |  |  | 12,496,973,277 | 13,760,891,950 | 2.73 |

| Comgest Growth Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in JPY) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost JPY | JPY | Assets |
| Insurance |  |  |  |  |  |
| Dai-ichi Life Holdings Inc | 5,908,300 | JPY | 10,554,476,143 | 12,017,482,200 | 2.38 |
|  |  |  | 10,554,476,143 | 12,017,482,200 | 2.38 |
| Internet software |  |  |  |  |  |
| CyberAgent Inc | 7,912,800 | JPY | 10,472,791,499 | 18,872,028,000 | 3.74 |
| GMO Payment Gateway Inc | 597,400 | JPY | 3,608,169,173 | 8,644,378,000 | 1.72 |
| M3 Inc | 1,518,200 | JPY | 3,453,101,899 | 12,317,156,600 | 2.44 |
| Obic Co Ltd | 389,700 | JPY | 4,085,503,077 | 8,070,687,000 | 1.60 |
| SoftBank Group Corp | 1,804,000 | JPY | 10,431,486,273 | 14,026,100,000 | 2.78 |
|  |  |  |  32,051,051,921  | 61,930,349,600	 | 12.28 |
| Leisure |  |  |  |  |  |
| Food & Life Cos Ltd | 3,794,900 | JPY | 7,733,208,440 | 18,196,545,500 | 3.61 |
| Oriental Land Co Ltd | 646,300 | JPY | 9,258,885,184 | 10,230,929,000 | 2.03 |
|  |  |  | 16,992,093,624 | 28,427,474,500 | 5.64 |
| Mechanics and machinery |  |  |  |  |  |
| Daifuku Co Ltd | 1,705,700 | JPY | 10,117,802,569 | 17,210,513,000 | 3.41 |
| Daikin Industries Ltd | 801,000 | JPY | 13,018,481,177 | 16,572,690,000 | 3.29 |
|  |  |  | 23,136,283,746 | 33,783,203,000 | 6.70 |
| News transmission |  |  |  |  |  |
| Hikari Tsushin Inc | 247,700 | JPY | 5,087,549,688 | 4,832,627,000 | 0.96 |
|  |  |  | 5,087,549,688 | 4,832,627,000 | 0.96 |
| Non-ferrous metals |  |  |  |  |  |
| Sumitomo Metal Mining Co Ltd | 1,437,000 | JPY | 6,939,820,656 | 6,215,025,000 | 1.23 |
|  |  |  | 6,939,820,656 | 6,215,025,000 | 1.23 |
| Other services |  |  |  |  |  |
| Nihon M&A Center Inc | 4,266,200 | JPY | 7,913,272,926 | 12,290,922,200 | 2.44 |
|  |  |  | 7,913,272,926 | 12,290,922,200 | 2.44 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Asahi Intecc Co Ltd | 2,861,100 | JPY | 6,658,152,679 | 7,599,081,600 | 1.51 |
| Chugai Pharmaceutical Co Ltd | 2,271,800 | JPY | 9,697,160,771 | 10,000,463,600 | 1.98 |
| Kobayashi Pharmaceutical Co Ltd | 999,600 | JPY | 9,248,564,989 | 9,486,204,000 | 1.88 |
| Kose Corp | 1,027,400 | JPY | 15,616,822,015 | 17,958,952,000 | 3.56 |
| PeptiDream Inc | 1,539,200 | JPY | 7,530,172,800 | 8,388,640,000 | 1.66 |
| Sysmex Corp | 1,620,400 | JPY | 12,231,235,920 | 21,389,280,000 | 4.24 |
|  |  |  | 60,982,109,174 | 74,822,621,200 | 14.83 |
| Public services |  |  |  |  |  |
| RENOVA Inc | 1,281,900 | JPY | 4,695,324,536 | 5,608,312,500 | 1.11 |
|  |  |  | 4,695,324,536 | 5,608,312,500 | 1.11 |

| Comgest Growth Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in JPY) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost JPY | JPY | Assets |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 175,400 | JPY | 8,703,926,505 | 14,668,702,000 | 2.91 |
| Kobe Bussan Co Ltd | 3,756,900 | JPY | 9,434,681,869 | 13,149,150,000 | 2.61 |
| Nitori Holdings Co Ltd | 494,400 | JPY | 7,951,128,724 | 9,719,904,000 | 1.93 |
| Pan Pacific International Holdings Corp | 5,026,000 | JPY | 8,059,879,523 | 11,589,956,000 | 2.30 |
| Workman Co Ltd | 680,200 | JPY | 5,237,421,527 | 5,291,956,000 | 1.05 |
|  |  |  | 39,387,038,148 | 54,419,668,000 | 10.80 |
| Transportation |  |  |  |  |  |
| Japan Airport Terminal Co Ltd | 2,176,000 | JPY | 10,796,029,184 | 10,858,240,000 | 2.15 |
|  |  |  | 10,796,029,184 | 10,858,240,000 | 2.15 |
|  |  |  |  |  |  |
| Total Japan |  |  | 364,862,625,778 | 496,419,102,250 | 98.44 |
|  |  |  |  |  |  |
| Equity securities |  |  | 364,862,625,778 | 496,419,102,250 | 98.44 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 364,862,625,778 | 496,419,102,250 | 98.44 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  |  | 364,862,625,778 | 496,419,102,250 | 98.44 |
| Total financial derivative instrument (Note 6) |  |  |  | (453,590,230) | (0.09) |
| Cash and other net assets |  |  |  |   8,334,732,318	 | 1.65 |
| Total net assets attributable to holders of redeemable participating shares |  |  504,300,244,338	 | 100.00 |
|  |  |  |  |  | % of |
| Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 98.05 |
| Derivative instrument |  |  |  |  | 0.03 |

| Comgest Growth Japan Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in JPY) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost JPY | JPY | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Shimano Inc | 200 | JPY | 4,246,546 | 5,270,000 | 1.01 |
|  |  |  | 4,246,546 | 5,270,000 | 1.01 |
| Chemicals |  |  |  |  |  |
| Asahi Kasei Corp | 6,900 | JPY | 4,505,441 | 8,421,450 | 1.61 |
| Shin-Etsu Chemical Co Ltd | 700 | JPY | 8,265,979 | 13,006,000 | 2.49 |
|  |  |  | 12,771,420 | 21,427,450 | 4.10 |
| Consumer goods |  |  |  |  |  |
| Unicharm Corp | 1,700 | JPY | 6,276,782 | 7,599,000 | 1.45 |
|  |  |  | 6,276,782 | 7,599,000 | 1.45 |
| Electronic semiconductor |  |  |  |  |  |
| Advantest Corp | 1,600 | JPY | 7,681,259 | 16,016,000 | 3.07 |
| Anritsu Corp | 2,500 | JPY | 4,523,156 | 5,177,500 | 0.99 |
| Disco Corp | 200 | JPY | 6,293,774 | 6,790,000 | 1.30 |
| Hoya Corp | 800 | JPY | 8,198,459 | 11,784,000 | 2.26 |
| Ibiden Co Ltd | 1,400 | JPY | 4,202,520 | 8,386,000 | 1.61 |
| Keyence Corp | 200 | JPY | 7,707,311 | 11,214,000 | 2.15 |
| Lasertec Corp | 700 | JPY | 5,519,309 | 15,113,000 | 2.89 |
| Murata Manufacturing Co Ltd | 1,200 | JPY | 5,750,124 | 10,178,400 | 1.95 |
| Nidec Corp | 1,200 | JPY | 8,985,123 | 15,450,000 | 2.96 |
| Nintendo Co Ltd | 200 | JPY | 8,629,587 | 12,924,000 | 2.47 |
| Renesas Electronics Corp | 6,500 | JPY | 7,881,984 | 7,806,500 | 1.49 |
| Rohm Co Ltd | 900 | JPY | 7,777,333 | 9,243,000 | 1.77 |
| Shimadzu Corp | 1,800 | JPY | 7,832,195 | 7,731,000 | 1.48 |
| Sony Group Corp | 800 | JPY | 6,044,240 | 8,652,000 | 1.66 |
| TDK Corp | 600 | JPY | 4,391,008 | 8,094,000 | 1.55 |
| Tokyo Electron Ltd | 200 | JPY | 3,801,032 | 9,616,000 | 1.84 |
| Yaskawa Electric Corp | 2,300 | JPY | 7,614,206 | 12,489,000 | 2.39 |
|  |  |  | 112,832,620 | 176,664,400 | 33.83 |
| Electronics and electrical equipment |  |  |  |  |  |
| FANUC Corp | 400 | JPY | 7,004,938 | 10,718,000 | 2.05 |
| Makita Corp | 1,300 | JPY | 7,061,117 | 6,799,000 | 1.30 |
|  |  |  | 14,066,055 | 17,517,000 | 3.35 |

| Comgest Growth Japan Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in JPY) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost JPY | JPY | Assets |
| Graphic art and publishing |  |  |  |  |  |
| Recruit Holdings Co Ltd | 1,500 | JPY | 6,135,749 | 8,205,000 | 1.57 |
|  |  |  | 6,135,749 | 8,205,000 | 1.57 |
| Holding and finance companies |  |  |  |  |  |
| Daiichi Sankyo Co Ltd | 2,100 | JPY | 4,132,439 | 5,028,450 | 0.96 |
| FUJIFILM Holdings Corp | 1,100 | JPY | 5,039,111 | 9,062,900 | 1.74 |
| Kikkoman Corp | 1,300 | JPY | 5,109,532 | 9,529,000 | 1.82 |
| ORIX Corp | 5,300 | JPY | 9,330,368 | 9,934,850 | 1.90 |
|  |  |  | 23,611,450 | 33,555,200 | 6.42 |
| Insurance |  |  |  |  |  |
| Dai-ichi Life Holdings Inc | 3,500 | JPY | 6,333,849 | 7,119,000 | 1.36 |
|  |  |  | 6,333,849 | 7,119,000 | 1.36 |
| Internet software |  |  |  |  |  |
| BASE Inc | 3,000 | JPY | 7,246,345 | 5,067,000 | 0.97 |
| CyberAgent Inc | 6,800 | JPY | 6,411,923 | 16,218,000 | 3.10 |
| M3 Inc | 1,900 | JPY | 5,333,759 | 15,414,700 | 2.95 |
| Nexon Co Ltd | 3,900 | JPY | 6,195,678 | 9,656,400 | 1.85 |
| Z Holdings Corp | 14,200 | JPY | 6,426,327 | 7,906,560 | 1.51 |
|  |  |  | 31,614,032 | 54,262,660 | 10.38 |
| Leisure |  |  |  |  |  |
| Food & Life Cos Ltd | 2,800 | JPY | 4,301,963 | 13,426,000 | 2.57 |
| Oriental Land Co Ltd | 400 | JPY | 5,943,783 | 6,332,000 | 1.21 |
|  |  |  | 10,245,746 | 19,758,000 | 3.78 |
| Mechanics and machinery |  |  |  |  |  |
| Daifuku Co Ltd | 1,300 | JPY | 8,792,289 | 13,117,000 | 2.51 |
| Daikin Industries Ltd | 500 | JPY | 7,536,259 | 10,345,000 | 1.98 |
| SMC Corp | 200 | JPY | 8,178,695 | 13,130,000 | 2.51 |
|  |  |  | 24,507,243 | 36,592,000 | 7.00 |
| News transmission |  |  |  |  |  |
| KDDI Corp | 2,000 | JPY | 6,493,947 | 6,930,000 | 1.33 |
|  |  |  | 6,493,947 | 6,930,000 | 1.33 |
| Other services |  |  |  |  |  |
| Secom Co Ltd | 900 | JPY | 8,751,124 | 7,599,600 | 1.45 |
|  |  |  | 8,751,124 | 7,599,600 | 1.45 |
| Petrol |  |  |  |  |  |
| Nippon Gas Co Ltd | 3,100 | JPY | 5,539,620 | 5,852,800 | 1.12 |
|  |  |  | 5,539,620 | 5,852,800 | 1.12 |

| Comgest Growth Japan Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in JPY) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost JPY | JPY | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Chugai Pharmaceutical Co Ltd | 1,800 | JPY | 7,183,646 | 7,923,600 | 1.52 |
| Fancl Corp | 2,600 | JPY | 6,451,786 | 9,360,000 | 1.79 |
| Kao Corp | 800 | JPY | 6,377,233 | 5,468,000 | 1.05 |
| Kose Corp | 500 | JPY | 7,906,804 | 8,740,000 | 1.67 |
| Otsuka Holdings Co Ltd | 1,300 | JPY | 6,367,409 | 5,989,100 | 1.15 |
| Sysmex Corp | 1,100 | JPY | 8,123,436 | 14,520,000 | 2.78 |
| Terumo Corp | 2,000 | JPY | 7,670,100 | 9,004,000 | 1.72 |
|  |  |  | 50,080,414 | 61,004,700 | 11.68 |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 200 | JPY | 13,057,916 | 16,726,000 | 3.20 |
| Nitori Holdings Co Ltd | 400 | JPY | 6,844,052 | 7,864,000 | 1.52 |
| Pan Pacific International Holdings Corp | 3,900 | JPY | 7,087,525 | 8,993,400 | 1.72 |
| Rakuten Group Inc | 6,100 | JPY | 4,339,990 | 7,649,400 | 1.46 |
|  |  | 31,329,483 | 41,232,800 | 7.90 |
|  |  |  |  |  |
| Total Japan |  | 354,836,080 | 510,589,610 | 97.73 |
|  |  |  |  |  |
| Equity securities |  | 354,836,080 | 510,589,610 | 97.73 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 354,836,080 | 510,589,610 | 97.73 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 354,836,080 | 510,589,610 | 97.73 |
| Cash and other net assets |  |  |   11,847,814	 | 2.27 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  522,437,424	 | 100.00 |
|  |  |  |  | % of |
|  |  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 97.52 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Bermuda Islands |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| China Resources Gas Group Ltd | 17,876,000 | HKD | 89,623,603 | 107,267,358 | 2.70 |
|  |  |  | 89,623,603 | 107,267,358 | 2.70 |
|  |  |  |  |  |  |
| Total Bermuda Islands |  |  | 89,623,603 | 107,267,358 | 2.70 |
| Brazil |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Localiza Rent a Car SA | 3,359,037 | BRL | 16,532,386 | 42,842,824 | 1.08 |
|  |  |  | 16,532,386 | 42,842,824 | 1.08 |
| Holding and finance companies |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 28,900,566 | BRL | 82,313,905 | 96,875,882 | 2.44 |
|  |  |  | 82,313,905 | 96,875,882 | 2.44 |
| Insurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 18,335,592 | BRL | 146,305,408 | 84,409,289 | 2.13 |
|  |  |  | 146,305,408 | 84,409,289 | 2.13 |
|  |  |  |  |  |  |
| Total Brazil |  |  | 245,151,699 | 224,127,995 | 5.65 |
| Cayman Islands |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Pagseguro Digital Ltd | 974,582 | USD | 47,320,987 | 54,498,625 | 1.37 |
|  |  |  | 47,320,987 | 54,498,625 | 1.37 |
| Internet software |  |  |  |  |  |
| NetEase Inc | 4,416,025 | HKD | 26,576,242 | 100,025,029 | 2.52 |
| Tencent Holdings Ltd | 582,700 | HKD | 22,506,525 | 43,819,679 | 1.10 |
|  |  |  | 49,082,767 | 143,844,708 | 3.62 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 9,819,388 | HKD | 258,469,322 | 278,175,211 | 7.01 |
|  |  |  | 258,469,322 | 278,175,211 | 7.01 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Hengan International Group Co Ltd | 15,784,000 | HKD | 126,562,921 | 105,689,475 | 2.66 |
|  |  |  | 126,562,921 | 105,689,475 | 2.66 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 481,435,997 | 582,208,019 | 14.66 |
| Chile |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Falabella SA | 9,780,265 | CLP | 41,390,928 | 43,895,783 | 1.12 |
|  |  |  | 41,390,928 | 43,895,783 | 1.12 |
|  |  |  |  |  |  |
| Total Chile |  |  | 41,390,928 | 43,895,783 | 1.12 |
| China |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| SAIC Motor Corp Ltd - A Shares | 37,864,897 | CNY | 137,669,174 | 128,746,901 | 3.25 |
|  |  |  | 137,669,174 | 128,746,901 | 3.25 |
| Banks and financial institutions |  |  |  |  |  |
| Midea Group Co Ltd - A Shares | 10,803,260 | CNY | 102,200,167 | 119,327,481 | 3.01 |
|  |  |  | 102,200,167 | 119,327,481 | 3.01 |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 10,404,668 | CNY | 30,578,629 | 59,306,172 | 1.50 |
|  |  |  | 30,578,629 | 59,306,172 | 1.50 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 16,857,655 | CNY | 83,495,331 | 83,799,735 | 2.11 |
|  |  |  | 83,495,331 | 83,799,735 | 2.11 |
| Insurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - H Shares | 24,685,000 | HKD | 157,924,603 | 241,737,303 | 6.09 |
|  |  |  | 157,924,603 | 241,737,303 | 6.09 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 44,756,000 | HKD | 85,458,349 | 104,428,919 | 2.63 |
|  |  |  | 85,458,349 | 104,428,919 | 2.63 |
|  |  |  |  |  |  |
| Total China |  |  | 597,326,253 | 737,346,511 | 18.59 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 6,478,200 | HKD | 46,203,055 | 80,499,464 | 2.03 |
|  |  |  | 46,203,055 | 80,499,464 | 2.03 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 46,203,055 | 80,499,464 | 2.03 |
| India |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lupin Ltd | 2,884,932 | INR | 43,262,695 | 44,601,024 | 1.12 |
|  |  |  | 43,262,695 | 44,601,024 | 1.12 |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 6,400,418 | INR | 143,585,160 | 213,146,807 | 5.37 |
|  |  |  | 143,585,160 | 213,146,807 | 5.37 |
| Public services |  |  |  |  |  |
| Power Grid Corp of India Ltd | 11,054,382 | INR | 22,272,855 | 34,563,842 | 0.87 |
|  |  |  | 22,272,855 | 34,563,842 | 0.87 |
|  |  |  |  |  |  |
| Total India |  |  | 209,120,710 | 292,311,673 | 7.36 |
| Indonesia |  |  |  |  |  |
| News transmission |  |  |  |  |  |
| Telkom Indonesia Persero Tbk PT | 72,385,400 | IDR | 21,260,115 | 15,726,125 | 0.40 |
|  |  |  | 21,260,115 | 15,726,125 | 0.40 |
|  |  |  |  |  |  |
| Total Indonesia |  |  | 21,260,115 | 15,726,125 | 0.40 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Suzuki Motor Corp | 2,999,700 | JPY | 125,436,040 | 127,052,785 | 3.20 |
|  |  |  | 125,436,040 | 127,052,785 | 3.20 |
|  |  |  |  |  |  |
| Total Japan |  |  | 125,436,040 | 127,052,785 | 3.20 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 898,587 | ZAR | 129,112,728 | 188,681,020 | 4.76 |
|  |  |  | 129,112,728 | 188,681,020 | 4.76 |
| Holding and finance companies |  |  |  |  |  |
| Discovery Ltd | 13,992,703 | ZAR | 112,084,134 | 123,740,176 | 3.12 |
|  |  |  | 112,084,134 | 123,740,176 | 3.12 |
| Insurance |  |  |  |  |  |
| Sanlam Ltd | 41,028,632 | ZAR | 184,105,761 | 176,340,510 | 4.45 |
|  |  |  | 184,105,761 | 176,340,510 | 4.45 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 425,302,623 | 488,761,706 | 12.33 |
| South Korea |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 4,183,910 | KRW | 177,849,794 | 299,825,685 | 7.56 |
|  |  |  | 177,849,794 | 299,825,685 | 7.56 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 209,720 | KRW | 93,626,814 | 152,709,715 | 3.85 |
|  |  |  | 93,626,814 | 152,709,715 | 3.85 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 61,805 | KRW | 66,390,696 | 96,703,564 | 2.44 |
|  |  |  | 66,390,696 | 96,703,564 | 2.44 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 337,867,304 | 549,238,964 | 13.85 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 6,069,939 | TWD | 28,787,360 | 129,624,427 | 3.27 |
|  |  |  | 28,787,360 | 129,624,427 | 3.27 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 28,787,360 | 129,624,427 | 3.27 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 1,644,676 | USD | 109,490,314 | 113,910,260 | 2.87 |
|  |  |  | 109,490,314 | 113,910,260 | 2.87 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 109,490,314 | 113,910,260 | 2.87 |
|  |  |  |  |  |  |
| Equity securities |  |  | 2,758,396,001 | 3,491,971,070 | 88.03 |
| America Depository Receipts |  |  |  |  |  |
| Mexico |  |  |  |  |  |
| Tobacco and spirits |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 998,634 | USD | 92,353,747 | 84,394,559 | 2.13 |
|  |  |  | 92,353,747 | 84,394,559 | 2.13 |
|  |  |  |  |  |  |
| Total Mexico |  |  | 92,353,747 | 84,394,559 | 2.13 |
|  |  |  |  |  |  |
| America Depository Receipts |  |  | 92,353,747 | 84,394,559 | 2.13 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 1,363,305 | USD | 110,950,644 | 87,196,988 | 2.20 |
|  |  | 110,950,644 | 87,196,988 | 2.20 |
|  |  |  |  |  |
| Total Cayman Islands |  | 110,950,644 | 87,196,988 | 2.20 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 110,950,644 | 87,196,988 | 2.20 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 2,961,700,392 | 3,663,562,617 | 92.36 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Other transferable securities dealt on another regulated market |
| Equity securities |  |  |  |  |  |
| Federation of Russia |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| Detsky Mir PJSC | 19,888,740 | RUB | 40,660,061 | 41,083,576 | 1.04 |
|  |  |  | 40,660,061 | 41,083,576 | 1.04 |
| Holding and finance companies |  |  |  |  |  |
| Moscow Exchange MICEX-RTS PJSC | 37,647,268 | RUB | 72,308,487 | 87,965,681 | 2.22 |
|  |  |  | 72,308,487 | 87,965,681 | 2.22 |
|  |  |  |  |  |  |
| Total Federation of Russia |  |  | 112,968,548 | 129,049,257 | 3.26 |
|  |  |  |  |  |  |
| Equity securities |  |  | 112,968,548 | 129,049,257 | 3.26 |
|  |  |  |  |  |  |
| Other transferable securities dealt on another regulated market |  | 112,968,548 | 129,049,257 | 3.26 |
| Other transferable securities |  |  |  |  |  |
| Investment Funds |  |  |  |  |  |
| Ireland |  |  |  |  |  |
| Investment funds |  |  |  |  |  |
| Comgest Growth China EUR SI Acc Class | 775,988 | EUR | 49,199,708 | 89,355,709 | 2.25 |
| Comgest Growth GEM Promising Companies EUR I Acc Class | 416,813 | EUR | 7,335,302 | 6,490,142 | 0.16 |
| Comgest Growth India USD Acc Class | 510,826 | USD | 14,020,726 | 29,990,593 | 0.76 |
| Comgest Growth Latin America USD I Acc Class | 703,610 | USD | 6,339,528 | 6,550,610 | 0.17 |
|  |  |  | 76,895,264 | 132,387,054 | 3.34 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 76,895,264 | 132,387,054 | 3.34 |
|  |  |  |  |  |  |
| Investment Funds |  |  | 76,895,264 | 132,387,054 | 3.34 |
|  |  |  |  |  |  |
| Other transferable securities |  |  | 76,895,264 | 132,387,054 | 3.34 |

| Comgest Growth Emerging Markets |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- |
|  | cost USD | USD | Assets |
|  |  |  |  |
| Financial assets at fair value through profit or loss |   3,151,564,204  | 3,924,998,928	 | 98.96 |
| Cash and other net assets |  | 	41,443,503	 | 1.04 |
| Total net assets attributable to holders of redeemable participating shares |  |  3,966,442,431	 | 100.00 |
|  |  |  | % of |
|  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  | 90.08 |
| Other transferable securities dealt on another regulated market |  |  | 3.17 |
| Other transferable securities |  |  | 3.26 |

| Comgest Growth Emerging Markets ex China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Brazil |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Localiza Rent a Car SA | 4,700 | BRL | 27,672 | 59,946 | 0.13 |
|  |  |  | 27,672 | 59,946 | 0.13 |
| Holding and finance companies |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 23,400 | BRL | 70,521 | 78,438 | 0.17 |
|  |  |  | 70,521 | 78,438 | 0.17 |
| Insurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 10,400 | BRL | 69,279 | 47,877 | 0.10 |
| Odontoprev SA | 32,467 | BRL | 85,257 | 84,308 | 0.18 |
|  |  |  | 154,536 | 132,185 | 0.28 |
| Transportation |  |  |  |  |  |
| CCR SA | 22,700 | BRL | 70,742 | 60,846 | 0.13 |
|  |  |  | 70,742 | 60,846 | 0.13 |
|  |  |  |  |  |  |
| Total Brazil |  |  | 323,471 | 331,415 | 0.71 |
| Cayman Islands |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Pagseguro Digital Ltd | 1,069 | USD | 54,489 | 59,778 | 0.13 |
|  |  |  | 54,489 | 59,778 | 0.13 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 54,489 | 59,778 | 0.13 |
| Chile |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Falabella SA | 13,213 | CLP | 58,869 | 59,303 | 0.13 |
|  |  |  | 58,869 | 59,303 | 0.13 |
|  |  |  |  |  |  |
| Total Chile |  |  | 58,869 | 59,303 | 0.13 |

| Comgest Growth Emerging Markets ex China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| India |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lupin Ltd | 5,457 | INR | 63,055 | 84,365 | 0.18 |
|  |  |  | 63,055 | 84,365 | 0.18 |
| Petrol |  |  |  |  |  |
| Petronet LNG Ltd | 14,162 | INR | 45,006 | 43,022 | 0.09 |
|  |  |  | 45,006 | 43,022 | 0.09 |
|  |  |  |  |  |  |
| Total India |  |  | 108,061 | 127,387 | 0.27 |
| Indonesia |  |  |  |  |  |
| News transmission |  |  |  |  |  |
| Telkom Indonesia Persero Tbk PT | 246,500 | IDR | 64,697 | 53,553 | 0.12 |
|  |  |  | 64,697 | 53,553 | 0.12 |
|  |  |  |  |  |  |
| Total Indonesia |  |  | 64,697 | 53,553 | 0.12 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Suzuki Motor Corp | 2,500 | JPY | 115,167 | 105,888 | 0.23 |
|  |  |  | 115,167 | 105,888 | 0.23 |
|  |  |  |  |  |  |
| Total Japan |  |  | 115,167 | 105,888 | 0.23 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 808 | ZAR | 125,666 | 169,660 | 0.37 |
|  |  |  | 125,666 | 169,660 | 0.37 |
| Holding and finance companies |  |  |  |  |  |
| Discovery Ltd | 11,089 | ZAR | 103,470 | 98,062 | 0.21 |
|  |  |  | 103,470 | 98,062 | 0.21 |
| Insurance |  |  |  |  |  |
| Sanlam Ltd | 27,805 | ZAR | 128,812 | 119,506 | 0.27 |
|  |  |  | 128,812 | 119,506 | 0.27 |

| Comgest Growth Emerging Markets ex China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| News transmission |  |  |  |  |  |
| MTN Group | 5,749 | ZAR | 31,503 | 41,562 | 0.09 |
|  |  |  | 31,503 | 41,562 | 0.09 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 389,451 | 428,790 | 0.94 |
| South Korea |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| LG Chem Ltd | 106 | KRW | 77,124 | 80,009 | 0.17 |
|  |  |  | 77,124 | 80,009 | 0.17 |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 3,160 | KRW | 135,565 | 226,451 | 0.49 |
|  |  |  | 135,565 | 226,451 | 0.49 |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 4,570 | KRW | 86,941 | 102,063 | 0.22 |
|  |  |  | 86,941 | 102,063 | 0.22 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 185 | KRW | 104,370 | 134,710 | 0.29 |
|  |  |  | 104,370 | 134,710 | 0.29 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 77 | KRW | 82,273 | 120,479 | 0.26 |
|  |  |  | 82,273 | 120,479 | 0.26 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 486,273 | 663,712 | 1.43 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 9,000 | TWD | 84,033 | 192,196 | 0.42 |
|  |  |  | 84,033 | 192,196 | 0.42 |
| Electronics and electrical equipment |  |  |  |  |  |
| Delta Electronics Inc | 6,000 | TWD | 64,510 | 65,250 | 0.14 |
|  |  |  | 64,510 | 65,250 | 0.14 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 148,543 | 257,446 | 0.56 |

| Comgest Growth Emerging Markets ex China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 1,076 | USD | 70,363 | 74,524 | 0.16 |
|  |  |  | 70,363 | 74,524 | 0.16 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 70,363 | 74,524 | 0.16 |
|  |  |  |  |  |  |
| Equity securities |  |  | 1,819,384 | 2,161,796 | 4.68 |
| America Depository Receipts |  |  |  |  |  |
| India |  |  |  |  |  |
| Banks and financial institutions |  |  |  |  |  |
| HDFC Bank Ltd | 1,989 | USD | 102,409 | 145,436 | 0.32 |
|  |  |  | 102,409 | 145,436 | 0.32 |
|  |  |  |  |  |  |
| Total India |  |  | 102,409 | 145,436 | 0.32 |
| Mexico |  |  |  |  |  |
| Tobacco and spirits |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 1,000 | USD | 86,171 | 84,510 | 0.18 |
|  |  |  | 86,171 | 84,510 | 0.18 |
|  |  |  |  |  |  |
| Total Mexico |  |  | 86,171 | 84,510 | 0.18 |
|  |  |  |  |  |  |
| America Depository Receipts |  |  | 188,580 | 229,946 | 0.50 |
| Global Depository Receipts |  |  |  |  |  |
| Cyprus |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| TCS Group Holding PLC | 382 | USD | 29,029 | 33,750 | 0.07 |
|  |  |  | 29,029 | 33,750 | 0.07 |
|  |  |  |  |  |  |
| Total Cyprus |  |  | 29,029 | 33,750 | 0.07 |
|  |  |  |  |  |  |
| Global Depository Receipts |  |  | 29,029 | 33,750 | 0.07 |

| Comgest Growth Emerging Markets ex China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Sponsored America Depository Receipts |  |  |  |  |  |
| India |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Infosys Ltd | 4,100 | USD | 38,957 | 86,879 | 0.19 |
|  |  |  | 38,957 | 86,879 | 0.19 |
|  |  |  |  |  |  |
| Total India |  |  | 38,957 | 86,879 | 0.19 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 38,957 | 86,879 | 0.19 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 2,075,950 | 2,512,371 | 5.44 |
| Other transferable securities dealt on another regulated market |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Federation of Russia |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| Detsky Mir PJSC | 34,320 | RUB | 65,345 | 70,894 | 0.15 |
|  |  |  | 65,345 | 70,894 | 0.15 |
| Moscow Exchange MICEX-RTS PJSC | 45,130 | RUB | 61,924 | 105,450 | 0.23 |
|  |  |  | 61,924 | 105,450 | 0.23 |
|  |  |  |  |  |  |
| Total Federation of Russia |  |  | 127,269 | 176,344 | 0.38 |
| Vietnam |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Vietnam Dairy Products JSC | 22,660 | VND | 84,326 | 89,002 | 0.19 |
|  |  |  | 84,326 | 89,002 | 0.19 |
|  |  |  |  |  |  |
| Total Vietnam |  |  | 84,326 | 89,002 | 0.19 |
|  |  |  |  |  |  |
| Equity securities |  |  | 211,595 | 265,346 | 0.57 |
|  |  |  |  |  |  |
| Other transferable securities dealt on another regulated market |  |  | 211,595 | 265,346 | 0.57 |

| Comgest Growth Emerging Markets ex China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- |
|  | cost USD | USD | Assets |
|  |  |  |  |
| Financial assets at fair value through profit and loss | 	2,287,545	 | 2,777,717	 | 6.01 |
| Cash and other net assets |  |   43,414,491	 | 93.99 |
| Total net assets attributable to holders of redeemable participating shares |  | 46,192,208 | 100.00 |
|  |  |  |  |
|  |  |  | % of |
|  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  | 5.44 |
| Other transferable securities dealt on another regulated market |  |  | 0.57 |

| Comgest Growth Emerging Markets Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Brazil |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Localiza Rent a Car SA | 415,193 | BRL | 4,214,730 | 5,295,577 | 1.70 |
|  |  |  | 4,214,730 | 5,295,577 | 1.70 |
| Holding and finance companies |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 1,781,291 | BRL | 6,157,795 | 5,970,960 | 1.92 |
|  |  |  | 6,157,795 | 5,970,960 | 1.92 |
| Insurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 1,383,088 | BRL | 10,434,842 | 6,367,151 | 2.04 |
|  |  |  | 10,434,842 | 6,367,151 | 2.04 |
| Mechanics and machinery |  |  |  |  |  |
| WEG SA | 734,300 | BRL | 4,106,781 | 4,930,124 | 1.58 |
|  |  |  | 4,106,781 | 4,930,124 | 1.58 |
|  |  |  |  |  |  |
| Total Brazil |  |  | 24,914,148 | 22,563,812 | 7.24 |
| Cayman Islands |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Pagseguro Digital Ltd | 142,481 | USD | 7,475,970 | 7,967,538 | 2.56 |
|  |  |  | 7,475,970 | 7,967,538 | 2.56 |
| Internet software |  |  |  |  |  |
| NetEase Inc | 420,745 | HKD | 6,065,943 | 9,530,070 | 3.06 |
| Tencent Holdings Ltd | 62,300 | HKD | 3,291,148 | 4,685,028 | 1.50 |
|  |  |  | 9,357,091 | 14,215,098 | 4.56 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 747,112 | HKD | 21,252,954 | 21,165,070 | 6.79 |
|  |  |  | 21,252,954 | 21,165,070 | 6.79 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 38,086,015 | 43,347,706 | 13.91 |

| Comgest Growth Emerging Markets Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Chile |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Falabella SA | 674,717 | CLP | 2,870,794 | 3,028,265 | 0.97 |
|  |  |  | 2,870,794 | 3,028,265 | 0.97 |
|  |  |  |  |  |  |
| Total Chile |  |  | 2,870,794 | 3,028,265 | 0.97 |
| China |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| SAIC Motor Corp Ltd - A Shares | 1,069,666 | CNY | 3,227,134 | 3,637,041 | 1.17 |
|  |  |  | 3,227,134 | 3,637,041 | 1.17 |
| Banks and financial institutions |  |  |  |  |  |
| Midea Group Co Ltd - A Shares | 827,388 | CNY | 7,119,134 | 9,138,920 | 2.93 |
|  |  |  | 7,119,134 | 9,138,920 | 2.93 |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 1,468,183 | CNY | 6,247,734 | 8,368,582 | 2.68 |
|  |  |  | 6,247,734 | 8,368,582 | 2.68 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 316,000 | CNY | 1,570,012 | 1,570,842 | 0.50 |
|  |  |  | 1,570,012 | 1,570,842 | 0.50 |
| Insurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - H Shares | 1,372,500 | HKD | 16,330,877 | 13,440,731 | 4.31 |
|  |  |  | 16,330,877 | 13,440,731 | 4.31 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 1,916,000 | HKD | 4,063,175 | 4,470,592 | 1.43 |
|  |  |  | 4,063,175 | 4,470,592 | 1.43 |
|  |  |  |  |  |  |
| Total China |  |  | 38,558,066 | 40,626,708 | 13.02 |
| Great Britain |  |  |  |  |  |
| Food and distilleries |  |  |  |  |  |
| Unilever PLC | 61,165 | EUR | 3,462,389 | 3,580,719 | 1.15 |
|  |  |  | 3,462,389 | 3,580,719 | 1.15 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 3,462,389 | 3,580,719 | 1.15 |

| Comgest Growth Emerging Markets Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 698,400 | HKD | 7,359,140 | 8,678,464 | 2.78 |
|  |  |  | 7,359,140 | 8,678,464 | 2.78 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 7,359,140 | 8,678,464 | 2.78 |
| India |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lupin Ltd | 175,229 | INR | 2,321,736 | 2,709,039 | 0.87 |
|  |  |  | 2,321,736 | 2,709,039 | 0.87 |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 433,613 | INR | 11,387,897 | 14,440,186 | 4.63 |
| Maruti Suzuki India Ltd | 89,147 | INR | 8,754,239 | 9,014,448 | 2.89 |
|  |  |  | 20,142,136 | 23,454,634 | 7.52 |
| Public services |  |  |  |  |  |
| Power Grid Corp of India Ltd | 2,067,012 | INR | 5,121,637 | 6,462,946 | 2.07 |
|  |  |  | 5,121,637 | 6,462,946 | 2.07 |
|  |  |  |  |  |  |
| Total India |  |  | 27,585,509 | 32,626,619 | 10.46 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 70,577 | ZAR | 12,964,905 | 14,819,422 | 4.75 |
|  |  |  | 12,964,905 | 14,819,422 | 4.75 |
| Holding and finance companies |  |  |  |  |  |
| Discovery Ltd | 1,038,062 | ZAR | 8,764,164 | 9,179,783 | 2.94 |
|  |  |  | 8,764,164 | 9,179,783 | 2.94 |
| Insurance |  |  |  |  |  |
| Sanlam Ltd | 2,720,959 | ZAR | 12,787,445 | 11,694,645 | 3.75 |
|  |  |  | 12,787,445 | 11,694,645 | 3.75 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 34,516,514 | 35,693,850 | 11.44 |

| Comgest Growth Emerging Markets Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| South Korea |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 301,021 | KRW | 15,630,180 | 21,571,647 | 6.92 |
|  |  |  | 15,630,180 | 21,571,647 | 6.92 |
| Internet software |  |  |  |  |  |
| NAVER Corp | 14,343 | KRW | 2,543,031 | 5,317,524 | 1.72 |
| NCSoft Corp | 16,389 | KRW | 10,321,426 | 11,933,814 | 3.83 |
|  |  |  | 12,864,457 | 17,251,338 | 5.55 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 7,338 | KRW | 8,424,536 | 11,481,446 | 3.68 |
|  |  |  | 8,424,536 | 11,481,446 | 3.68 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 36,919,173 | 50,304,431 | 16.15 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 675,000 | TWD | 11,949,072 | 14,414,723 | 4.62 |
|  |  |  | 11,949,072 | 14,414,723 | 4.62 |
| Electronics and electrical equipment |  |  |  |  |  |
| Delta Electronics Inc | 446,000 | TWD | 4,798,118 | 4,850,238 | 1.56 |
|  |  |  | 4,798,118 | 4,850,238 | 1.56 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 16,747,190 | 19,264,961 | 6.18 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 130,245 | USD | 8,353,242 | 9,020,769 | 2.89 |
| MercadoLibre Inc | 2,328 | USD | 3,614,532 | 3,626,535 | 1.16 |
|  |  |  | 11,967,774 | 12,647,304 | 4.05 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 11,967,774 | 12,647,304 | 4.05 |
|  |  |  |  |  |  |
| Equity securities |  |  | 242,986,712 | 272,362,839 | 87.35 |

| Comgest Growth Emerging Markets Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| America Depository Receipts |  |  |  |  |  |
| Mexico |  |  |  |  |  |
| Tobacco and spirits |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 127,765 | USD | 10,927,400 | 10,797,420 | 3.46 |
|  |  |  | 10,927,400 | 10,797,420 | 3.46 |
|  |  |  |  |  |  |
| Total Mexico |  |  | 10,927,400 | 10,797,420 | 3.46 |
|  |  |  |  |  |  |
| America Depository Receipts |  |  | 10,927,400 | 10,797,420 | 3.46 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 88,276 | USD | 7,437,592 | 5,646,133 | 1.81 |
|  |  |  | 7,437,592 | 5,646,133 | 1.81 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 7,437,592 | 5,646,133 | 1.81 |
| India |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Infosys Ltd | 306,902 | USD | 3,743,791 | 6,503,253 | 2.09 |
|  |  |  | 3,743,791 | 6,503,253 | 2.09 |
|  |  |  |  |  |  |
| Total India |  |  | 3,743,791 | 6,503,253 | 2.09 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 11,181,383 | 12,149,386 | 3.90 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 265,095,495 | 295,309,645 | 94.71 |
| Other transferable securities dealt on another regulated market |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Federation of Russia |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| Detsky Mir PJSC | 1,183,960 | RUB | 2,401,657 | 2,445,671 | 0.78 |
|  |  |  | 2,401,657 | 2,445,671 | 0.78 |

| Comgest Growth Emerging Markets Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Holding and finance companies |  |  |  |  |  |
| Moscow Exchange MICEX-RTS PJSC | 3,210,890 | RUB | 5,994,083 | 7,502,487 | 2.41 |
|  |  | 5,994,083 | 7,502,487 | 2.41 |
|  |  |  |  |  |
| Total Federation of Russia |  | 8,395,740 | 9,948,158 | 3.19 |
|  |  |  |  |  |
| Equity securities |  | 8,395,740 | 9,948,158 | 3.19 |
|  |  |  |  |  |
| Other transferable securities dealt on another regulated market |  | 8,395,740 | 9,948,158 | 3.19 |
|  |  |  |  |  |
| Financial assets at fair value through profit and loss |  | 273,491,235 | 305,257,803 | 97.90 |
| Cash and other net assets |  |  | 	6,539,509	 | 2.10 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  311,797,312	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 86.12 |
| Other transferable securities dealt on another regulated market |  |  |  | 2.90 |

| Comgest Growth GEM Promising Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Bermuda Islands |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| China Resources Gas Group Ltd | 95,318 | HKD | 293,323 | 482,308 | 2.13 |
|  |  |  | 293,323 | 482,308 | 2.13 |
|  |  |  |  |  |  |
| Total Bermuda Islands |  |  | 293,323 | 482,308 | 2.13 |
| Brazil |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Localiza Rent a Car SA | 58,334 | BRL | 264,388 | 627,389 | 2.77 |
|  |  |  | 264,388 | 627,389 | 2.77 |
| Consumer goods |  |  |  |  |  |
| Arezzo Industria e Comercio SA | 57,047 | BRL | 414,163 | 905,941 | 4.00 |
|  |  |  | 414,163 | 905,941 | 4.00 |
| Insurance |  |  |  |  |  |
| Odontoprev SA | 330,422 | BRL | 815,331 | 723,517 | 3.20 |
|  |  |  | 815,331 | 723,517 | 3.20 |
|  |  |  |  |  |  |
| Total Brazil |  |  | 1,493,882 | 2,256,847 | 9.97 |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Minth Group Ltd | 128,440 | HKD | 387,609 | 514,624 | 2.27 |
|  |  |  | 387,609 | 514,624 | 2.27 |
| Holding and finance companies |  |  |  |  |  |
| Pagseguro Digital Ltd | 22,831 | USD | 710,377 | 1,076,574 | 4.76 |
|  |  |  | 710,377 | 1,076,574 | 4.76 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| 3SBio Inc | 213,801 | HKD | 303,488 | 222,866 | 0.99 |
|  |  |  | 303,488 | 222,866 | 0.99 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 1,401,474 | 1,814,064 | 8.02 |

| Comgest Growth GEM Promising Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| China |  |  |  |  |  |
| Banks and financial institutions |  |  |  |  |  |
| Suofeiya Home Collection Co Ltd | 171,272 | CNY | 588,428 | 540,908 | 2.39 |
|  |  |  | 588,428 | 540,908 | 2.39 |
| Electronics and electrical equipment |  |  |  |  |  |
| TravelSky Technology Ltd | 334,000 | HKD | 563,536 | 607,832 | 2.69 |
|  |  |  | 563,536 | 607,832 | 2.69 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 107,700 | CNY | 416,468 | 451,454 | 2.00 |
|  |  |  | 416,468 | 451,454 | 2.00 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 335,605 | HKD | 283,056 | 660,313 | 2.92 |
|  |  |  | 283,056 | 660,313 | 2.92 |
|  |  |  |  |  |  |
| Total China |  |  | 1,851,488 | 2,260,507 | 10.00 |
| Colombia |  |  |  |  |  |
| Food and distilleries |  |  |  |  |  |
| Grupo Nutresa SA | 80,527 | COP | 631,552 | 398,176 | 1.76 |
|  |  |  | 631,552 | 398,176 | 1.76 |
|  |  |  |  |  |  |
| Total Colombia |  |  | 631,552 | 398,176 | 1.76 |
| Greece |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| JUMBO SA | 53,209 | EUR | 846,959 | 755,036 | 3.34 |
|  |  |  | 846,959 | 755,036 | 3.34 |
|  |  |  |  |  |  |
| Total Greece |  |  | 846,959 | 755,036 | 3.34 |
| India |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Eicher Motors Ltd | 20,966 | INR | 530,256 | 635,356 | 2.81 |
| Endurance Technologies Ltd | 46,489 | INR | 401,915 | 857,183 | 3.79 |
|  |  |  | 932,171 | 1,492,539 | 6.60 |

| Comgest Growth GEM Promising Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Holding and finance companies |  |  |  |  |  |
| Shriram Transport Finance Co Ltd | 44,679 | INR | 554,635 | 680,565 | 3.01 |
|  |  |  | 554,635 | 680,565 | 3.01 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Syngene International Ltd | 44,032 | INR | 228,049 | 291,383 | 1.29 |
|  |  |  | 228,049 | 291,383 | 1.29 |
|  |  |  |  |  |  |
| Total India |  |  | 1,714,855 | 2,464,487 | 10.90 |
| Jersey |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Integrated Diagnostics Holdings PLC | 734,086 | USD | 531,282 | 736,624 | 3.26 |
|  |  |  | 531,282 | 736,624 | 3.26 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 531,282 | 736,624 | 3.26 |
| Luxembourg |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L'Occitane International SA | 123,750 | HKD | 263,053 | 381,616 | 1.69 |
|  |  |  | 263,053 | 381,616 | 1.69 |
| Retail |  |  |  |  |  |
| Allegro.eu SA | 17,786 | PLN | 257,090 | 258,514 | 1.14 |
|  |  |  | 257,090 | 258,514 | 1.14 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 520,143 | 640,130 | 2.83 |
| Mexico |  |  |  |  |  |
| Leisure |  |  |  |  |  |
| Hoteles City Express SAB de CV | 1,191,531 | MXN | 1,449,804 | 356,777 | 1.58 |
|  |  |  | 1,449,804 | 356,777 | 1.58 |
|  |  |  |  |  |  |
| Total Mexico |  |  | 1,449,804 | 356,777 | 1.58 |

| Comgest Growth GEM Promising Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Netherlands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Yandex NV - A Shares | 13,050 | USD | 391,309 | 778,554 | 3.44 |
|  |  |  | 391,309 | 778,554 | 3.44 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 391,309 | 778,554 | 3.44 |
| Poland |  |  |  |  |  |
| Office equipment and computers |  |  |  |  |  |
| CD Projekt SA | 4,335 | PLN | 252,320 | 177,655 | 0.79 |
|  |  |  | 252,320 | 177,655 | 0.79 |
|  |  |  |  |  |  |
| Total Poland |  |  | 252,320 | 177,655 | 0.79 |
| South Africa |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Curro Holdings Ltd | 917,536 | ZAR | 1,518,790 | 635,597 | 2.81 |
| Discovery Ltd | 117,418 | ZAR | 892,818 | 875,580 | 3.87 |
|  |  |  | 2,411,608 | 1,511,177 | 6.68 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Dis-Chem Pharmacies Ltd | 179,716 | ZAR | 197,307 | 341,215 | 1.51 |
|  |  |  | 197,307 | 341,215 | 1.51 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 2,608,915 | 1,852,392 | 8.19 |
| South Korea |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 48,970 | KRW | 667,308 | 922,217 | 4.08 |
|  |  |  | 667,308 | 922,217 | 4.08 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 1,651 | KRW | 645,829 | 1,013,738 | 4.48 |
|  |  |  | 645,829 | 1,013,738 | 4.48 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 1,313,137 | 1,935,955 | 8.56 |

| Comgest Growth GEM Promising Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| MercadoLibre Inc | 786 | USD | 501,626 | 1,032,484 | 4.56 |
|  |  |  | 501,626 | 1,032,484 | 4.56 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 501,626 | 1,032,484 | 4.56 |
|  |  |  |  |  |  |
| Equity securities |  |  | 15,802,069 | 17,941,996 | 79.33 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 13,001 | USD | 774,571 | 701,192 | 3.10 |
| Vipshop Holdings Ltd | 11,540 | USD | 224,098 | 195,399 | 0.86 |
|  |  |  | 998,669 | 896,591 | 3.96 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 998,669 | 896,591 | 3.96 |
| Cyprus |  |  |  |  |  |
| Other services |  |  |  |  |  |
| HeadHunter Group PLC | 19,531 | USD | 401,946 | 697,806 | 3.08 |
|  |  |  | 401,946 | 697,806 | 3.08 |
|  |  |  |  |  |  |
| Total Cyprus |  |  | 401,946 | 697,806 | 3.08 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 1,400,615 | 1,594,397 | 7.04 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 17,202,684 | 19,536,393 | 86.37 |
| Other transferable securities dealt on another regulated market |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Kenya |  |  |  |  |  |
| News transmission |  |  |  |  |  |
| Safaricom PLC | 1,645,793 | KES | 357,539 | 540,210 | 2.39 |
|  |  |  | 357,539 | 540,210 | 2.39 |
|  |  |  |  |  |  |
| Total Kenya |  |  | 357,539 | 540,210 | 2.39 |

| Comgest Growth GEM Promising Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Vietnam |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Vietnam Dairy Products JSC | 183,705 | VND | 468,174 | 608,431 | 2.69 |
|  |  |  | 468,174 | 608,431 | 2.69 |
|  |  |  |  |  |  |
| Total Vietnam |  |  | 468,174 | 608,431 | 2.69 |
|  |  |  |  |  |  |
| Equity securities |  |  | 825,713 | 1,148,641 | 5.08 |
|  |  |  |  |  |  |
| Other transferable securities dealt on another regulated market |  |  | 825,713 | 1,148,641 | 5.08 |
| Other transferable securities |  |  |  |  |  |
| Investment Funds |  |  |  |  |  |
| France |  |  |  |  |  |
| Investment funds |  |  |  |  |  |
| Société de Gestion Prévoir - Prévoir Renaissance Vietnam | 4,143 | EUR | 550,178 | 1,104,980 | 4.88 |
|  |  | 550,178 | 1,104,980 | 4.88 |
|  |  |  |  |  |
| Total France |  | 550,178 | 1,104,980 | 4.88 |
|  |  |  |  |  |
| Investment Funds |  | 550,178 | 1,104,980 | 4.88 |
|  |  |  |  |  |
| Other transferable securities |  | 550,178 | 1,104,980 | 4.88 |
|  |  |  |  |  |
| Financial assets at fair value through profit and loss |  | 18,578,575 | 21,790,014 | 96.33 |
| Cash and other net assets |  |  |     831,259	 | 3.67 |
| Total net assets attributable to holders of redeemable participating shares |  |  |   22,621,273	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 86.13 |
| Other transferable securities dealt on another regulated market |  |  |  | 5.06 |
| Other transferable securities |  |  |  | 4.87 |

| Comgest Growth Europe |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| SimCorp A/S | 310,725 | DKK | 26,761,373 | 32,893,383 | 0.73 |
|  |  |  | 26,761,373 | 32,893,383 | 0.73 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 1,289,335 | DKK | 22,671,158 | 41,803,269 | 0.93 |
| Coloplast A/S - B Shares | 188,589 | DKK | 12,842,468 | 26,096,303 | 0.58 |
| Novo Nordisk A/S - B Shares | 3,096,252 | DKK | 139,095,247 | 218,762,881 | 4.85 |
|  |  |  | 174,608,873 | 286,662,453 | 6.36 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 201,370,246 | 319,555,836 | 7.09 |
| France |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Orpea SA | 938,453 | EUR | 97,275,734 | 100,649,084 | 2.23 |
|  |  |  | 97,275,734 | 100,649,084 | 2.23 |
| Internet software |  |  |  |  |  |
| Dassault Systèmes SE | 771,056 | EUR | 76,866,982 | 157,680,952 | 3.50 |
|  |  |  | 76,866,982 | 157,680,952 | 3.50 |
| News transmission |  |  |  |  |  |
| Teleperformance | 350,612 | EUR | 84,756,489 | 120,014,488 | 2.66 |
|  |  |  | 84,756,489 | 120,014,488 | 2.66 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 1,441,314 | EUR | 140,901,435 | 224,326,111 | 4.97 |
| L’Oréal SA | 348,779 | EUR | 48,036,550 | 131,071,148 | 2.91 |
|  |  |  | 188,937,985 | 355,397,259 | 7.88 |
| Textile |  |  |  |  |  |
| Hermes International | 50,518 | EUR | 20,538,963 | 62,061,363 | 1.38 |
| LVMH Moët Hennessy Louis Vuitton SE | 291,986 | EUR | 85,628,912 | 193,090,342 | 4.28 |
|  |  |  | 106,167,875 | 255,151,705 | 5.66 |
|  |  |  |  |  |  |
| Total France |  |  | 554,005,065 | 988,893,488 | 21.93 |

| Comgest Growth Europe |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 412,088 | EUR | 49,599,545 | 86,085,183 | 1.91 |
|  |  |  | 49,599,545 | 86,085,183 | 1.91 |
| Internet software |  |  |  |  |  |
| Nemetschek SE | 500,590 | EUR | 29,502,322 | 32,298,067 | 0.72 |
|  |  |  | 29,502,322 | 32,298,067 | 0.72 |
| Textile |  |  |  |  |  |
| adidas AG | 214,703 | EUR | 64,101,462 | 67,395,272 | 1.49 |
|  |  |  | 64,101,462 | 67,395,272 | 1.49 |
|  |  |  |  |  |  |
| Total Germany |  |  | 143,203,329 | 185,778,522 | 4.12 |
| Great Britain |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Halma PLC | 1,300,911 | GBP | 19,204,196 | 40,795,264 | 0.91 |
|  |  |  | 19,204,196 | 40,795,264 | 0.91 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 19,204,196 | 40,795,264 | 0.91 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 607,066 | EUR | 44,291,661 | 48,346,736 | 1.07 |
|  |  |  | 44,291,661 | 48,346,736 | 1.07 |
| Mechanics and machinery |  |  |  |  |  |
| Linde PLC | 677,825 | EUR | 147,644,165 | 164,948,714 | 3.66 |
|  |  |  | 147,644,165 | 164,948,714 | 3.66 |
| Other services |  |  |  |  |  |
| Accenture PLC | 644,061 | USD | 103,449,005 | 160,100,128 | 3.55 |
|  |  |  | 103,449,005 | 160,100,128 | 3.55 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 763,251 | USD | 111,703,389 | 133,039,560 | 2.95 |
|  |  |  | 111,703,389 | 133,039,560 | 2.95 |

| Comgest Growth Europe |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Transportation |  |  |  |  |  |
| Ryanair Holdings PLC | 3,350,899 | EUR | 41,228,730 | 53,480,348 | 1.19 |
|  |  |  | 41,228,730 | 53,480,348 | 1.19 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 448,316,950 | 559,915,486 | 12.42 |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Amplifon SpA | 1,932,380 | EUR | 40,788,902 | 80,464,303 | 1.78 |
|  |  |  | 40,788,902 | 80,464,303 | 1.78 |
| Tobacco and spirits |  |  |  |  |  |
| Davide Campari-Milano NV | 8,191,529 | EUR | 65,841,554 | 92,523,320 | 2.05 |
|  |  |  | 65,841,554 | 92,523,320 | 2.05 |
|  |  |  |  |  |  |
| Total Italy |  |  | 106,630,456 | 172,987,623 | 3.83 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 3,855,242 | GBP | 80,959,080 | 125,118,019 | 2.77 |
|  |  |  | 80,959,080 | 125,118,019 | 2.77 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 80,959,080 | 125,118,019 | 2.77 |
| Netherlands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Ferrari NV | 508,363 | EUR | 66,060,552 | 88,455,162 | 1.96 |
|  |  |  | 66,060,552 | 88,455,162 | 1.96 |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 18,249 | EUR | 12,860,244 | 37,602,065 | 0.83 |
|  |  |  | 12,860,244 | 37,602,065 | 0.83 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 615,808 | EUR | 122,408,984 | 356,799,155 | 7.91 |
|  |  |  | 122,408,984 | 356,799,155 | 7.91 |
| Internet software |  |  |  |  |  |
| Prosus NV | 1,553,887 | EUR | 138,988,372 | 128,149,061 | 2.84 |
|  |  |  | 138,988,372 | 128,149,061 | 2.84 |

| Comgest Growth Europe |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Tobacco and spirits |  |  |  |  |  |
| Heineken NV | 1,590,734 | EUR | 128,605,724 | 162,573,015 | 3.61 |
|  |  |  | 128,605,724 | 162,573,015 | 3.61 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 468,923,876 | 773,578,458 | 17.15 |
| Portugal |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 7,286,192 | EUR | 110,657,112 | 112,061,633 | 2.48 |
|  |  |  | 110,657,112 | 112,061,633 | 2.48 |
|  |  |  |  |  |  |
| Total Portugal |  |  | 110,657,112 | 112,061,633 | 2.48 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 1,560,172 | EUR | 66,140,003 | 92,549,403 | 2.05 |
|  |  |  | 66,140,003 | 92,549,403 | 2.05 |
| Retail |  |  |  |  |  |
| Industria de Diseno Textil SA | 4,582,161 | EUR | 118,531,801 | 136,136,003 | 3.02 |
|  |  |  | 118,531,801 | 136,136,003 | 3.02 |
|  |  |  |  |  |  |
| Total Spain |  |  | 184,671,804 | 228,685,406 | 5.07 |
| Sweden |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Assa Abloy AB | 4,317,751 | SEK | 78,175,769 | 109,753,502 | 2.43 |
|  |  |  | 78,175,769 | 109,753,502 | 2.43 |
|  |  |  |  |  |  |
| Total Sweden |  |  | 78,175,769 | 109,753,502 | 2.43 |

| Comgest Growth Europe |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Switzerland |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lonza Group AG | 218,757 | CHF | 56,332,887 | 130,872,602 | 2.90 |
| Sika AG | 420,913 | CHF | 48,478,057 | 116,153,710 | 2.58 |
|  |  |  | 104,810,944 | 247,026,312 | 5.48 |
| Food and distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 16,538 | CHF | 80,555,445 | 138,874,385 | 3.08 |
|  |  |  | 80,555,445 | 138,874,385 | 3.08 |
| Healthcare education and social services |  |  |  |  |  |
| Alcon Inc | 756,237 | CHF | 43,047,828 | 44,690,399 | 0.99 |
|  |  |  | 43,047,828 | 44,690,399 | 0.99 |
| Holding and finance companies |  |  |  |  |  |
| Temenos AG | 756,190 | CHF | 83,108,797 | 102,509,734 | 2.27 |
|  |  |  | 83,108,797 | 102,509,734 | 2.27 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 608,920 | CHF | 158,851,640 | 193,615,755 | 4.29 |
| Straumann Holding AG | 106,858 | CHF | 58,362,326 | 143,785,281 | 3.19 |
|  |  | 217,213,966 | 337,401,036 | 7.48 |
|  |  |  |  |  |
| Total Switzerland |  | 528,736,980 | 870,501,866 | 19.30 |
|  |  |  |  |  |
| Equity securities |  | 2,924,854,863 | 4,487,625,103 | 99.50 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 2,924,854,863 | 4,487,625,103 | 99.50 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 2,924,854,863 | 4,487,625,103 | 99.50 |
| Total financial derivative instrument (Note 6) |  |  | 323,714 | 0.01 |
| Cash and other net assets |  |  | 	22,096,866	 | 0.49 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 4,510,045,683 | 100.00 |
|  |  |  |  |  |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 97.77 |
| Derivative instrument |  |  |  | 0.01 |

| Comgest Growth Europe Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Coloplast A/S - B Shares | 322 | DKK | 36,742 | 44,556 | 0.81 |
| Novo Nordisk A/S - B Shares | 4,802 | DKK | 250,404 | 339,281 | 6.13 |
|  |  |  | 287,146 | 383,837 | 6.94 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 287,146 | 383,837 | 6.94 |
| Finland |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Kone Oyj | 1,672 | EUR | 110,033 | 115,034 | 2.08 |
|  |  |  | 110,033 | 115,034 | 2.08 |
|  |  |  |  |  |  |
| Total Finland |  |  | 110,033 | 115,034 | 2.08 |
| France |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 1,901 | EUR | 243,274 | 295,872 | 5.35 |
| L’Oréal SA | 647 | EUR | 167,983 | 243,143 | 4.39 |
|  |  |  | 411,257 | 539,015 | 9.74 |
| Textile |  |  |  |  |  |
| Hermes International | 154 | EUR | 104,067 | 189,189 | 3.42 |
| LVMH Moët Hennessy Louis Vuitton SE | 424 | EUR | 166,403 | 280,391 | 5.06 |
|  |  |  | 270,470 | 469,580 | 8.48 |
| Tobacco and spirits |  |  |  |  |  |
| Pernod Ricard SA | 1,385 | EUR | 211,215 | 259,272 | 4.68 |
|  |  |  | 211,215 | 259,272 | 4.68 |
|  |  |  |  |  |  |
| Total France |  |  | 892,942 | 1,267,867 | 22.90 |

| Comgest Growth Europe Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Germany |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| SAP SE | 1,350 | EUR | 147,297 | 160,434 | 2.90 |
|  |  |  | 147,297 | 160,434 | 2.90 |
|  |  |  |  |  |  |
| Total Germany |  |  | 147,297 | 160,434 | 2.90 |
| Great Britain |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| Reckitt Benckiser Group PLC | 1,221 | GBP | 92,223 | 90,986 | 1.64 |
|  |  |  | 92,223 | 90,986 | 1.64 |
| Food and distilleries |  |  |  |  |  |
| Unilever PLC | 3,501 | GBP | 180,592 | 172,533 | 3.12 |
|  |  |  | 180,592 | 172,533 | 3.12 |
| Graphic art and publishing |  |  |  |  |  |
| RELX PLC | 9,789 | GBP | 205,564 | 218,827 | 3.95 |
|  |  |  | 205,564 | 218,827 | 3.95 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 478,379 | 482,346 | 8.71 |
| Ireland |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Linde PLC | 1,168 | EUR | 206,299 | 284,233 | 5.13 |
|  |  |  | 206,299 | 284,233 | 5.13 |
| Other services |  |  |  |  |  |
| Accenture PLC | 1,089 | USD | 193,356 | 270,703 | 4.89 |
|  |  |  | 193,356 | 270,703 | 4.89 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Medtronic PLC | 2,230 | USD | 211,888 | 233,418 | 4.22 |
|  |  |  | 211,888 | 233,418 | 4.22 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 611,543 | 788,354 | 14.24 |

| Comgest Growth Europe Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 6,689 | GBP | 188,752 | 217,085 | 3.92 |
|  |  |  | 188,752 | 217,085 | 3.92 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 188,752 | 217,085 | 3.92 |
| Netherlands |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 469 | EUR | 127,912 | 271,739 | 4.91 |
|  |  |  | 127,912 | 271,739 | 4.91 |
| Graphic art and publishing |  |  |  |  |  |
| Wolters Kluwer NV | 2,090 | EUR | 133,095 | 177,065 | 3.20 |
|  |  |  | 133,095 | 177,065 | 3.20 |
| Tobacco and spirits |  |  |  |  |  |
| Heineken NV | 1,800 | EUR | 163,446 | 183,960 | 3.32 |
|  |  |  | 163,446 | 183,960 | 3.32 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 424,453 | 632,764 | 11.43 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 1,962 | EUR | 122,121 | 116,386 | 2.10 |
|  |  |  | 122,121 | 116,386 | 2.10 |
| Retail |  |  |  |  |  |
| Industria de Diseno Textil SA | 6,100 | EUR | 168,316 | 181,231 | 3.27 |
|  |  |  | 168,316 | 181,231 | 3.27 |
|  |  |  |  |  |  |
| Total Spain |  |  | 290,437 | 297,617 | 5.37 |
| Switzerland |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Givaudan SA | 25 | CHF | 69,876 | 98,136 | 1.77 |
| Lonza Group AG | 150 | CHF | 76,624 | 89,737 | 1.62 |
|  |  |  | 146,500 | 187,873 | 3.39 |

| Comgest Growth Europe Compounders |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Construction and building material |  |  |  |  |  |
| Geberit AG | 156 | CHF | 65,873 | 98,764 | 1.78 |
|  |  |  | 65,873 | 98,764 | 1.78 |
| Food and distilleries |  |  |  |  |  |
| Nestle SA | 3,177 | CHF | 298,869 | 333,934 | 6.03 |
|  |  |  | 298,869 | 333,934 | 6.03 |
| Healthcare education and social services |  |  |  |  |  |
| Alcon Inc | 1,400 | CHF | 79,320 | 82,733 | 1.49 |
|  |  |  | 79,320 | 82,733 | 1.49 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 860 | CHF | 247,651 | 273,451 | 4.94 |
|  |  | 247,651 | 273,451 | 4.94 |
|  |  |  |  |  |
| Total Switzerland |  | 838,213 | 976,755 | 17.63 |
|  |  |  |  |  |
| Equity securities |  | 4,269,195 | 5,322,093 | 96.12 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 4,269,195 | 5,322,093 | 96.12 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 4,269,195 | 5,322,093 | 96.12 |
| Cash and other net assets |  |  |    214,875	 | 3.88 |
| Total net assets attributable to holders of redeemable participating shares |  |  |   5,536,968	 | 100.00 |
|  |  |  |  | % of |
|  |  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 95.96 |

| Comgest Growth Europe Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| SimCorp A/S | 26,135 | DKK | 2,584,384 | 2,766,653 | 0.71 |
|  |  |  | 2,584,384 | 2,766,653 | 0.71 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 104,060 | DKK | 3,059,343 | 3,373,870 | 0.86 |
| Coloplast A/S - B Shares | 15,440 | DKK | 2,155,343 | 2,136,534 | 0.55 |
| Novo Nordisk A/S - B Shares | 268,590 | DKK | 15,844,487 | 18,976,983 | 4.85 |
|  |  |  | 21,059,173 | 24,487,387 | 6.26 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 23,643,557 | 27,254,040 | 6.97 |
| France |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Orpea SA | 74,211 | EUR | 7,474,517 | 7,959,130 | 2.03 |
|  |  |  | 7,474,517 | 7,959,130 | 2.03 |
| Internet software |  |  |  |  |  |
| Dassault Systèmes SE | 66,714 | EUR | 10,064,874 | 13,643,013 | 3.49 |
|  |  |  | 10,064,874 | 13,643,013 | 3.49 |
| News transmission |  |  |  |  |  |
| Teleperformance | 30,422 | EUR | 7,992,769 | 10,413,451 | 2.66 |
|  |  |  | 7,992,769 | 10,413,451 | 2.66 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 123,529 | EUR | 14,206,083 | 19,226,054 | 4.91 |
| L’Oréal SA | 30,421 | EUR | 8,358,268 | 11,432,212 | 2.92 |
|  |  |  | 22,564,351 | 30,658,266 | 7.83 |
| Textile |  |  |  |  |  |
| Hermes International | 4,341 | EUR | 3,211,337 | 5,332,919 | 1.36 |
| LVMH Moët Hennessy Louis Vuitton SE | 25,404 | EUR | 10,228,051 | 16,799,665 | 4.29 |
|  |  |  | 13,439,388 | 22,132,584 | 5.65 |
|  |  |  |  |  |  |
| Total France |  |  | 61,535,899 | 84,806,444 | 21.66 |

| Comgest Growth Europe Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Germany |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Nemetschek SE | 42,005 | EUR | 2,478,900 | 2,710,162 | 0.69 |
|  |  |  | 2,478,900 | 2,710,162 | 0.69 |
| Textile |  |  |  |  |  |
| adidas AG | 18,634 | EUR | 5,559,152 | 5,849,213 | 1.50 |
|  |  |  | 5,559,152 | 5,849,213 | 1.50 |
|  |  |  |  |  |  |
| Total Germany |  |  | 8,038,052 | 8,559,375 | 2.19 |
| Great Britain |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Halma PLC | 108,441 | GBP | 2,737,708 | 3,400,601 | 0.87 |
|  |  |  | 2,737,708 | 3,400,601 | 0.87 |
| Food and distilleries |  |  |  |  |  |
| Unilever PLC | 128,494 | EUR | 6,108,821 | 6,343,106 | 1.62 |
|  |  |  | 6,108,821 | 6,343,106 | 1.62 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 8,846,529 | 9,743,707 | 2.49 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 110,655 | EUR | 6,516,883 | 8,812,565 | 2.25 |
|  |  |  | 6,516,883 | 8,812,565 | 2.25 |
| Mechanics and machinery |  |  |  |  |  |
| Linde PLC | 59,101 | EUR | 12,988,893 | 14,382,228 | 3.69 |
|  |  |  | 12,988,893 | 14,382,228 | 3.69 |
| Other services |  |  |  |  |  |
| Accenture PLC | 55,752 | USD | 10,612,638 | 13,858,784 | 3.54 |
|  |  |  | 10,612,638 | 13,858,784 | 3.54 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 66,510 | USD | 10,426,095 | 11,593,121 | 2.96 |
|  |  |  | 10,426,095 | 11,593,121 | 2.96 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 40,544,509 | 48,646,698 | 12.44 |

| Comgest Growth Europe Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Amplifon SpA | 152,506 | EUR | 3,861,663 | 6,350,350 | 1.62 |
|  |  |  | 3,861,663 | 6,350,350 | 1.62 |
| Tobacco and spirits |  |  |  |  |  |
| Davide Campari-Milano NV | 679,085 | EUR | 5,573,105 | 7,670,265 | 1.96 |
|  |  |  | 5,573,105 | 7,670,265 | 1.96 |
|  |  |  |  |  |  |
| Total Italy |  |  | 9,434,768 | 14,020,615 | 3.58 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 326,563 | GBP | 9,550,985 | 10,598,275 | 2.71 |
|  |  |  | 9,550,985 | 10,598,275 | 2.71 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 9,550,985 | 10,598,275 | 2.71 |
| Netherlands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Ferrari NV | 44,173 | EUR | 7,008,066 | 7,686,102 | 1.96 |
|  |  |  | 7,008,066 | 7,686,102 | 1.96 |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 1,626 | EUR | 2,051,403 | 3,350,373 | 0.86 |
|  |  |  | 2,051,403 | 3,350,373 | 0.86 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 51,590 | EUR | 16,818,881 | 29,891,246 | 7.64 |
|  |  |  | 16,818,881 | 29,891,246 | 7.64 |
| Internet software |  |  |  |  |  |
| Prosus NV | 131,452 | EUR | 11,838,115 | 10,840,846 | 2.77 |
|  |  |  | 11,838,115 | 10,840,846 | 2.77 |
| Tobacco and spirits |  |  |  |  |  |
| Heineken NV | 134,905 | EUR | 10,813,519 | 13,787,291 | 3.52 |
|  |  |  | 10,813,519 | 13,787,291 | 3.52 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 48,529,984 | 65,555,858 | 16.75 |

| Comgest Growth Europe Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Portugal |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 539,416 | EUR | 8,071,465 | 8,296,218 | 2.12 |
|  |  |  | 8,071,465 | 8,296,218 | 2.12 |
|  |  |  |  |  |  |
| Total Portugal |  |  | 8,071,465 | 8,296,218 | 2.12 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 133,416 | EUR | 6,280,588 | 7,914,237 | 2.02 |
|  |  |  | 6,280,588 | 7,914,237 | 2.02 |
| Retail |  |  |  |  |  |
| Industria de Diseno Textil SA | 400,484 | EUR | 9,688,470 | 11,898,380 | 3.04 |
|  |  |  | 9,688,470 | 11,898,380 | 3.04 |
|  |  |  |  |  |  |
| Total Spain |  |  | 15,969,058 | 19,812,617 | 5.06 |
| Sweden |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Assa Abloy AB | 369,227 | SEK | 7,171,156 | 9,385,432 | 2.40 |
|  |  |  | 7,171,156 | 9,385,432 | 2.40 |
|  |  |  |  |  |  |
| Total Sweden |  |  | 7,171,156 | 9,385,432 | 2.40 |
| Switzerland |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lonza Group AG | 19,269 | CHF | 8,815,563 | 11,527,787 | 2.95 |
| Sika AG | 36,560 | CHF | 6,712,008 | 10,088,972 | 2.58 |
|  |  |  | 15,527,571 | 21,616,759 | 5.53 |
| Food and distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 1,491 | CHF | 10,993,126 | 12,520,360 | 3.20 |
|  |  |  | 10,993,126 | 12,520,360 | 3.20 |
| Healthcare education and social services |  |  |  |  |  |
| Alcon Inc | 65,778 | CHF | 3,746,225 | 3,887,201 | 0.99 |
|  |  |  | 3,746,225 | 3,887,201 | 0.99 |

| Comgest Growth Europe Plus |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Holding and finance companies |  |  |  |  |  |
| Temenos AG | 63,194 | CHF | 7,177,020 | 8,566,630 | 2.19 |
|  |  |  | 7,177,020 | 8,566,630 | 2.19 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 52,114 | CHF | 16,231,012 | 16,570,471 | 4.23 |
| Straumann Holding AG | 9,684 | CHF | 7,861,237 | 13,030,533 | 3.33 |
|  |  | 24,092,249 | 29,601,004 | 7.56 |
|  |  |  |  |  |
| Total Switzerland |  | 61,536,191 | 76,191,954 | 19.47 |
|  |  |  |  |  |
| Equity securities |  | 302,872,153 | 382,871,233 | 97.84 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 302,872,153 | 382,871,233 | 97.84 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 302,872,153 | 382,871,233 | 97.84 |
| Cash and other net assets |  |  | 	8,444,124	 | 2.16 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  391,315,357	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 97.74 |

| Comgest Growth Europe S |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| SimCorp A/S | 9,928 | DKK | 771,185 | 1,050,979 | 1.75 |
|  |  |  | 771,185 | 1,050,979 | 1.75 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 17,610 | DKK | 376,600 | 570,958 | 0.95 |
| Coloplast A/S - B Shares | 3,160 | DKK | 275,169 | 437,270 | 0.73 |
| Novo Nordisk A/S - B Shares | 46,371 | DKK | 2,281,688 | 3,276,301 | 5.46 |
|  |  |  | 2,933,457 | 4,284,529 | 7.14 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 3,704,642 | 5,335,508 | 8.89 |
| Faroe Islands |  |  |  |  |  |
| Agriculture and fishing |  |  |  |  |  |
| Bakkafrost P/F | 16,651 | NOK | 1,112,445 | 1,160,117 | 1.93 |
|  |  |  | 1,112,445 | 1,160,117 | 1.93 |
|  |  |  |  |  |  |
| Total Faroe Islands |  |  | 1,112,445 | 1,160,117 | 1.93 |
| France |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Dassault Systèmes SE | 10,564 | EUR | 1,292,324 | 2,160,338 | 3.60 |
|  |  |  | 1,292,324 | 2,160,338 | 3.60 |
| News transmission |  |  |  |  |  |
| Teleperformance | 4,614 | EUR | 1,285,907 | 1,579,372 | 2.63 |
|  |  |  | 1,285,907 | 1,579,372 | 2.63 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 20,074 | EUR | 2,289,952 | 3,124,317 | 5.21 |
| L’Oréal SA | 5,893 | EUR | 1,215,991 | 2,214,589 | 3.69 |
| Sartorius Stedim Biotech | 2,230 | EUR | 333,033 | 889,547 | 1.48 |
|  |  |  | 3,838,976 | 6,228,453 | 10.38 |

| Comgest Growth Europe S |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Textile |  |  |  |  |  |
| Hermes International | 1,368 | EUR | 811,209 | 1,680,588 | 2.80 |
|  |  |  | 811,209 | 1,680,588 | 2.80 |
|  |  |  |  |  |  |
| Total France |  |  | 7,228,416 | 11,648,751 | 19.41 |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 4,125 | EUR | 749,036 | 861,713 | 1.44 |
|  |  |  | 749,036 | 861,713 | 1.44 |
| Internet software |  |  |  |  |  |
| Nemetschek SE | 6,647 | EUR | 392,046 | 428,863 | 0.71 |
|  |  |  | 392,046 | 428,863 | 0.71 |
| Retail |  |  |  |  |  |
| Fielmann AG | 5,069 | EUR | 309,983 | 334,300 | 0.56 |
|  |  |  | 309,983 | 334,300 | 0.56 |
| Textile |  |  |  |  |  |
| adidas AG | 2,857 | EUR | 852,929 | 896,812 | 1.49 |
|  |  |  | 852,929 | 896,812 | 1.49 |
|  |  |  |  |  |  |
| Total Germany |  |  | 2,303,994 | 2,521,688 | 4.20 |
| Great Britain |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| Reckitt Benckiser Group PLC | 8,115 | GBP | 595,626 | 604,717 | 1.01 |
|  |  |  | 595,626 | 604,717 | 1.01 |
| Electronic semiconductor |  |  |  |  |  |
| Halma PLC | 23,965 | GBP | 429,455 | 751,518 | 1.25 |
|  |  |  | 429,455 | 751,518 | 1.25 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 1,025,081 | 1,356,235 | 2.26 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 8,093 | EUR | 590,086 | 644,526 | 1.07 |
|  |  |  | 590,086 | 644,526 | 1.07 |

| Comgest Growth Europe S |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Mechanics and machinery |  |  |  |  |  |
| Linde PLC | 8,669 | EUR | 1,895,470 | 2,109,601 | 3.51 |
|  |  |  | 1,895,470 | 2,109,601 | 3.51 |
| Other services |  |  |  |  |  |
| Accenture PLC | 10,684 | USD | 1,762,021 | 2,655,820 | 4.42 |
|  |  |  | 1,762,021 | 2,655,820 | 4.42 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 10,232 | USD | 1,490,880 | 1,783,503 | 2.97 |
|  |  |  | 1,490,880 | 1,783,503 | 2.97 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 5,738,457 | 7,193,450 | 11.97 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 58,932 | GBP | 1,464,864 | 1,912,579 | 3.19 |
|  |  |  | 1,464,864 | 1,912,579 | 3.19 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 1,464,864 | 1,912,579 | 3.19 |
| Netherlands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Ferrari NV | 6,775 | EUR | 935,436 | 1,178,850 | 1.96 |
|  |  |  | 935,436 | 1,178,850 | 1.96 |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 366 | EUR | 369,546 | 754,143 | 1.26 |
|  |  |  | 369,546 | 754,143 | 1.26 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 8,342 | EUR | 2,125,279 | 4,833,355 | 8.05 |
|  |  |  | 2,125,279 | 4,833,355 | 8.05 |
| Internet software |  |  |  |  |  |
| Prosus NV | 21,090 | EUR | 1,866,177 | 1,739,292 | 2.90 |
|  |  |  | 1,866,177 | 1,739,292 | 2.90 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 5,296,438 | 8,505,640 | 14.17 |

| Comgest Growth Europe S |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 21,063 | EUR | 1,089,090 | 1,249,457 | 2.08 |
|  |  |  | 1,089,090 | 1,249,457 | 2.08 |
| Retail |  |  |  |  |  |
| Industria de Diseno Textil SA | 60,890 | EUR | 1,683,175 | 1,809,042 | 3.01 |
|  |  |  | 1,683,175 | 1,809,042 | 3.01 |
|  |  |  |  |  |  |
| Total Spain |  |  | 2,772,265 | 3,058,499 | 5.09 |
| Sweden |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Assa Abloy AB | 41,876 | SEK | 802,344 | 1,064,452 | 1.77 |
|  |  |  | 802,344 | 1,064,452 | 1.77 |
|  |  |  |  |  |  |
| Total Sweden |  |  | 802,344 | 1,064,452 | 1.77 |
| Switzerland |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lonza Group AG | 2,721 | CHF | 949,598 | 1,627,854 | 2.71 |
| Sika AG | 5,770 | CHF | 813,768 | 1,592,269 | 2.65 |
|  |  |  | 1,763,366 | 3,220,123 | 5.36 |
| Construction and building material |  |  |  |  |  |
| Geberit AG | 2,214 | CHF | 960,994 | 1,401,692 | 2.33 |
|  |  |  | 960,994 | 1,401,692 | 2.33 |
| Food and distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 226 | CHF | 1,353,894 | 1,897,788 | 3.16 |
| Nestle SA | 30,361 | CHF | 2,440,350 | 3,191,239 | 5.32 |
|  |  |  | 3,794,244 | 5,089,027 | 8.48 |
| Healthcare education and social services |  |  |  |  |  |
| Alcon Inc | 10,087 | CHF | 574,284 | 596,099 | 0.99 |
|  |  |  | 574,284 | 596,099 | 0.99 |
| Holding and finance companies |  |  |  |  |  |
| Temenos AG | 9,899 | CHF | 1,088,761 | 1,341,917 | 2.24 |
|  |  |  | 1,088,761 | 1,341,917 | 2.24 |

| Comgest Growth Europe S |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 8,117 | CHF | 2,102,957 | 2,580,929 | 4.30 |
| Straumann Holding AG | 1,201 | CHF | 804,108 | 1,616,034 | 2.69 |
|  |  | 2,907,065 | 4,196,963 | 6.99 |
|  |  |  |  |  |
| Total Switzerland |  | 11,088,714 | 15,845,821 | 26.39 |
|  |  |  |  |  |
| Equity securities |  | 42,537,660 | 59,602,740 | 99.27 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 42,537,660 | 59,602,740 | 99.27 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 42,537,660 | 59,602,740 | 99.27 |
| Cash and other net assets |  |  |     441,245	 | 0.73 |
| Total net assets attributable to holders of redeemable participating shares |  |  |   60,043,985	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 98.98 |

| Comgest Growth Europe Opportunities |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financia l assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Belgium |  |  |  |  |  |
| Non-ferrous metals |  |  |  |  |  |
| Umicore SA | 155,816 | EUR | 6,513,011 | 8,024,524 | 0.42 |
|  |  |  | 6,513,011 | 8,024,524 | 0.42 |
|  |  |  |  |  |  |
| Total Belgium |  |  | 6,513,011 | 8,024,524 | 0.42 |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Netcompany Group A/S | 392,018 | DKK | 16,218,847 | 37,561,086 | 1.97 |
| SimCorp A/S | 278,764 | DKK | 22,667,849 | 29,509,988 | 1.56 |
|  |  |  | 38,886,696 | 67,071,074 | 3.53 |
| News transmission |  |  |  |  |  |
| GN Store Nord AS | 1,548,830 | DKK | 67,546,569 | 114,096,690 | 6.03 |
|  |  |  | 67,546,569 | 114,096,690 | 6.03 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 477,107 | DKK | 9,200,948 | 15,468,930 | 0.82 |
|  |  |  | 9,200,948 | 15,468,930 | 0.82 |
| Transportation |  |  |  |  |  |
| DSV PANALPINA A/S | 383,391 | DKK | 39,980,412 | 75,402,380 | 3.98 |
|  |  |  | 39,980,412 | 75,402,380 | 3.98 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 155,614,625 | 272,039,074 | 14.36 |
| Faroe Islands |  |  |  |  |  |
| Agriculture and fishing |  |  |  |  |  |
| Bakkafrost P/F | 990,431 | NOK | 53,114,143 | 69,005,788 | 3.65 |
|  |  |  | 53,114,143 | 69,005,788 | 3.65 |
|  |  |  |  |  |  |
| Total Faroe Islands |  |  | 53,114,143 | 69,005,788 | 3.65 |

| Comgest Growth Europe Opportunities |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| France |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Orpea SA | 481,782 | EUR | 47,127,610 | 51,671,120 | 2.73 |
|  |  |  | 47,127,610 | 51,671,120 | 2.73 |
| Holding and finance companies |  |  |  |  |  |
| SMCP SA | 1,179,508 | EUR | 20,687,437 | 7,212,691 | 0.38 |
|  |  |  | 20,687,437 | 7,212,691 | 0.38 |
| Internet software |  |  |  |  |  |
| Capgemini SE | 603,395 | EUR | 64,782,148 | 97,749,990 | 5.16 |
|  |  |  | 64,782,148 | 97,749,990 | 5.16 |
| News transmission |  |  |  |  |  |
| Teleperformance | 290,799 | EUR | 57,014,868 | 99,540,498 | 5.26 |
|  |  |  | 57,014,868 | 99,540,498 | 5.26 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Sartorius Stedim Biotech | 51,801 | EUR | 19,009,881 | 20,663,419 | 1.09 |
|  |  |  | 19,009,881 | 20,663,419 | 1.09 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 80,484 | EUR | 30,401,452 | 53,224,069 | 2.81 |
|  |  |  | 30,401,452 | 53,224,069 | 2.81 |
|  |  |  |  |  |  |
| Total France |  |  | 239,023,396 | 330,061,787 | 17.43 |
| Germany |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Symrise AG | 148,550 | EUR | 14,426,194 | 17,454,625 | 0.92 |
|  |  |  | 14,426,194 | 17,454,625 | 0.92 |
| Electronics and electrical equipment |  |  |  |  |  |
| Dr Hoenle AG | 130,448 | EUR | 10,452,657 | 6,104,965 | 0.32 |
| Varta AG | 137,345 | EUR | 13,546,043 | 17,854,850 | 0.94 |
|  |  |  | 23,998,700 | 23,959,815 | 1.26 |
| Internet software |  |  |  |  |  |
| New Work SE | 51,142 | EUR | 12,644,003 | 13,552,630 | 0.72 |
|  |  |  | 12,644,003 | 13,552,630 | 0.72 |

| Comgest Growth Europe Opportunities |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Textile |  |  |  |  |  |
| adidas AG | 119,351 | EUR | 33,188,143 | 37,464,279 | 1.98 |
| Zalando SE | 546,880 | EUR | 45,994,237 | 55,754,416 | 2.95 |
|  |  |  | 79,182,380 | 93,218,695 | 4.93 |
|  |  |  |  |  |  |
| Total Germany |  |  | 130,251,277 | 148,185,765 | 7.83 |
| Great Britain |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| London Stock Exchange Group PLC | 396,712 | GBP | 38,676,439 | 36,831,615 | 1.95 |
|  |  |  | 38,676,439 | 36,831,615 | 1.95 |
| Other services |  |  |  |  |  |
| Keywords Studios PLC | 604,773 | GBP | 14,669,782 | 17,541,989 | 0.93 |
|  |  |  | 14,669,782 | 17,541,989 | 0.93 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| AstraZeneca PLC | 618,462 | GBP | 55,128,556 | 62,556,137 | 3.31 |
|  |  |  | 55,128,556 | 62,556,137 | 3.31 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 108,474,777 | 116,929,741 | 6.19 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 591,349 | EUR | 30,147,594 | 47,095,034 | 2.49 |
|  |  |  | 30,147,594 | 47,095,034 | 2.49 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 468,965 | USD | 61,620,426 | 81,743,617 | 4.32 |
|  |  |  | 61,620,426 | 81,743,617 | 4.32 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 91,768,020 | 128,838,651 | 6.81 |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Amplifon SpA | 212,340 | EUR | 4,046,805 | 8,841,838 | 0.47 |
|  |  |  | 4,046,805 | 8,841,838 | 0.47 |
| Textile |  |  |  |  |  |
| Moncler SpA | 319,672 | EUR | 10,937,543 | 18,240,484 | 0.96 |
|  |  |  | 10,937,543 | 18,240,484 | 0.96 |

| Comgest Growth Europe Opportunities |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Tobacco and spirits |  |  |  |  |  |
| Davide Campari-Milano NV | 3,297,157 | EUR | 27,148,388 | 37,241,388 | 1.97 |
|  |  |  | 27,148,388 | 37,241,388 | 1.97 |
|  |  |  |  |  |  |
| Total Italy |  |  | 42,132,736 | 64,323,710 | 3.40 |
| Jersey |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| boohoo Group PLC | 5,759,645 | GBP | 16,885,456 | 20,825,936 | 1.10 |
|  |  |  | 16,885,456 | 20,825,936 | 1.10 |
| Transportation |  |  |  |  |  |
| Wizz Air Holdings Plc | 594,892 | GBP | 28,169,766 | 32,355,574 | 1.71 |
|  |  |  | 28,169,766 | 32,355,574 | 1.71 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 45,055,222 | 53,181,510 | 2.81 |
| Luxembourg |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| B&M European Value Retail SA | 14,265,812 | GBP | 65,655,822 | 95,255,438 | 5.03 |
|  |  |  | 65,655,822 | 95,255,438 | 5.03 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 65,655,822 | 95,255,438 | 5.03 |
| Netherlands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Ferrari NV | 111,523 | EUR | 14,082,702 | 19,405,002 | 1.03 |
|  |  |  | 14,082,702 | 19,405,002 | 1.03 |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 12,335 | EUR | 10,516,368 | 25,416,268 | 1.34 |
|  |  |  | 10,516,368 | 25,416,268 | 1.34 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 223,042 | EUR | 49,188,532 | 129,230,535 | 6.83 |
|  |  |  | 49,188,532 | 129,230,535 | 6.83 |
| Holding and finance companies |  |  |  |  |  |
| Alfen Beheer BV | 198,942 | EUR | 13,815,403 | 15,666,683 | 0.83 |
| TKH Group NV | 430,577 | EUR | 15,361,433 | 18,316,746 | 0.97 |
|  |  |  | 29,176,836 | 33,983,429 | 1.80 |

| Comgest Growth Europe Opportunities |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Internet software |  |  |  |  |  |
| Prosus NV | 764,399 | EUR | 56,212,037 | 63,039,986 | 3.33 |
|  |  |  | 56,212,037 | 63,039,986 | 3.33 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 159,176,475 | 271,075,220 | 14.33 |
| Switzerland |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lonza Group AG | 89,406 | CHF | 26,808,199 | 53,487,641 | 2.83 |
| Sika AG | 315,179 | CHF | 43,801,873 | 86,975,717 | 4.60 |
|  |  |  | 70,610,072 | 140,463,358 | 7.43 |
| Holding and finance companies |  |  |  |  |  |
| Temenos AG | 615,111 | CHF | 73,605,536 | 83,384,950 | 4.41 |
| VAT Group AG | 47,547 | CHF | 5,714,131 | 13,342,119 | 0.69 |
|  |  |  | 79,319,667 | 96,727,069 | 5.10 |
|  |  |  |  |  |  |
| Total Switzerland |  |  | 149,929,739 | 237,190,427 | 12.53 |
|  |  |  |  |  |  |
| Equity securities |  |  | 1,246,709,243 | 1,794,111,635 | 94.79 |
| America Depository Receipts |  |  |  |  |  |
| Germany |  |  |  |  |  |
| Biotechnology |  |  |  |  |  |
| BioNTech SE | 203,206 | USD | 18,049,385 | 38,362,222 | 2.03 |
|  |  | 18,049,385 | 38,362,222 | 2.03 |
|  |  |  |  |  |
| Germany |  | 18,049,385 | 38,362,222 | 2.03 |
|  |  |  |  |  |
| America Depository Receipts |  | 18,049,385 | 38,362,222 | 2.03 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 1,264,758,628 | 1,832,473,857 | 96.82 |

| Comgest Growth Europe Opportunities |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Other transferable securities |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| AMPLIFON N | 438,975 | EUR | 6,797,133 | 18,278,919 | 0.97 |
|  |  |  | 6,797,133 | 18,278,919 | 0.97 |
|  |  |  |  |  |  |
| Total Italy |  |  | 6,797,133 | 18,278,919 | 0.97 |
|  |  |  |  |  |  |
| Equity securities |  |  | 6,797,133 | 18,278,919 | 0.97 |
|  |  |  |  |  |  |
| Other transferable securities |  |  | 6,797,133 | 18,278,919 | 0.97 |
|  |  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 1,271,555,761 | 1,850,752,776 | 97.79 |
| Total financial derivative instrument (Note 6) |  |  |  | 294,136 | 0.02 |
| Cash and other net assets |  |  |  | 	41,512,888	 | 2.19 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 1,892,559,800 | 100.00 |
|  |  |  |  |  |
|  |  |  |  |  | % of |
| Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 96.26 |
| Other transferable securities |  |  |  |  | 0.96 |
| Derivative instrument |  |  |  |  | 0.02 |

| Comgest Growth Europe Smaller Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Netcompany Group A/S | 393,315 | DKK | 15,791,840 | 37,685,358 | 3.45 |
| SimCorp A/S | 470,157 | DKK | 38,631,328 | 49,770,873 | 4.56 |
|  |  |  | 54,423,168 | 87,456,231 | 8.01 |
| News transmission |  |  |  |  |  |
| GN Store Nord AS | 1,045,227 | DKK | 47,457,095 | 76,998,084 | 7.05 |
|  |  |  | 47,457,095 | 76,998,084 | 7.05 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 519,685 | DKK | 7,686,672 | 16,849,408 | 1.54 |
|  |  |  | 7,686,672 | 16,849,408 | 1.54 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 109,566,935 | 181,303,723 | 16.60 |
| Faroe Islands |  |  |  |  |  |
| Agriculture and fishing |  |  |  |  |  |
| Bakkafrost P/F | 600,993 | NOK | 32,809,192 | 41,872,675 | 3.84 |
|  |  |  | 32,809,192 | 41,872,675 | 3.84 |
|  |  |  |  |  |  |
| Total Faroe Islands |  |  | 32,809,192 | 41,872,675 | 3.84 |
| France |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Orpea SA | 351,211 | EUR | 35,255,014 | 37,667,380 | 3.45 |
|  |  |  | 35,255,014 | 37,667,380 | 3.45 |
| Holding and finance companies |  |  |  |  |  |
| SMCP SA | 709,386 | EUR | 13,906,103 | 4,337,895 | 0.40 |
|  |  |  | 13,906,103 | 4,337,895 | 0.40 |
| Internet software |  |  |  |  |  |
| Pharmagest Interactive | 160,000 | EUR | 11,416,349 | 14,864,000 | 1.36 |
|  |  |  | 11,416,349 | 14,864,000 | 1.36 |

| Comgest Growth Europe Smaller Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| News transmission |  |  |  |  |  |
| Teleperformance | 32,079 | EUR | 5,750,482 | 10,980,642 | 1.01 |
|  |  |  | 5,750,482 | 10,980,642 | 1.01 |
|  |  |  |  |  |  |
| Total France |  |  | 66,327,948 | 67,849,917 | 6.22 |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 55,886 | EUR | 8,441,510 | 11,674,585 | 1.07 |
|  |  |  | 8,441,510 | 11,674,585 | 1.07 |
| Electronics and electrical equipment |  |  |  |  |  |
| Rational AG | 11,556 | EUR | 5,773,548 | 8,828,784 | 0.81 |
|  |  |  | 5,773,548 | 8,828,784 | 0.81 |
| Graphic art and publishing |  |  |  |  |  |
| CTS Eventim AG & Co KGaA | 129,556 | EUR | 4,998,130 | 6,827,601 | 0.63 |
|  |  |  | 4,998,130 | 6,827,601 | 0.63 |
| Internet software |  |  |  |  |  |
| Bechtle AG | 108,074 | EUR | 17,798,264 | 16,929,792 | 1.55 |
| Nemetschek SE | 455,416 | EUR | 25,930,790 | 29,383,440 | 2.69 |
| New Work SE | 38,545 | EUR | 8,994,192 | 10,214,425 | 0.94 |
|  |  |  | 52,723,246 | 56,527,657 | 5.18 |
| Mechanics and machinery |  |  |  |  |  |
| STRATEC SE | 328,201 | EUR | 29,308,762 | 38,662,078 | 3.54 |
|  |  |  | 29,308,762 | 38,662,078 | 3.54 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Carl Zeiss Meditec AG | 82,663 | EUR | 8,931,633 | 13,469,936 | 1.23 |
|  |  |  | 8,931,633 | 13,469,936 | 1.23 |
|  |  |  |  |  |  |
| Total Germany |  |  | 110,176,829 | 135,990,641 | 12.46 |
| Great Britain |  |  |  |  |  |
| Agriculture and fishing |  |  |  |  |  |
| Genus PLC | 554,417 | GBP | 21,937,067 | 32,033,568 | 2.93 |
|  |  |  | 21,937,067 | 32,033,568 | 2.93 |
| Electronic semiconductor |  |  |  |  |  |
| Halma PLC | 626,781 | GBP | 11,053,133 | 19,655,223 | 1.80 |
|  |  |  | 11,053,133 | 19,655,223 | 1.80 |

| Comgest Growth Europe Smaller Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Other services |  |  |  |  |  |
| Auto Trader Group PLC | 2,232,069 | GBP | 15,375,701 | 16,469,210 | 1.51 |
| Keywords Studios PLC | 749,264 | GBP | 22,805,234 | 21,733,082 | 1.99 |
|  |  |  | 38,180,935 | 38,202,292 | 3.50 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Dechra Pharmaceuticals PLC | 992,121 | GBP | 34,720,162 | 50,504,861 | 4.63 |
|  |  |  | 34,720,162 | 50,504,861 | 4.63 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 105,891,297 | 140,395,944 | 12.86 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 416,809 | EUR | 19,741,717 | 33,194,669 | 3.04 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 396,778 | USD | 58,074,784 | 69,160,959 | 6.34 |
|  |  |  | 77,816,501 | 102,355,628 | 9.38 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 77,816,501 | 102,355,628 | 9.38 |
| Italy |  |  |  |  |  |
| Consumer goods |  |  |  |  |  |
| Technogym SpA | 1,766,295 | EUR | 16,385,133 | 19,005,334 | 1.74 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Amplifon SpA | 751,422 | EUR | 15,510,611 | 31,289,212 | 2.87 |
| Textile |  |  |  |  |  |
| Moncler SpA | 516,741 | EUR | 18,057,148 | 29,485,241 | 2.70 |
| Tobacco and spirits |  |  |  |  |  |
| Davide Campari-Milano NV | 2,910,968 | EUR | 23,017,613 | 32,879,384 | 3.01 |
|  |  |  | 72,970,505 | 112,659,171 | 10.32 |
|  |  |  |  |  |  |
| Total Italy |  |  | 72,970,505 | 112,659,171 | 10.32 |

| Comgest Growth Europe Smaller Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Jersey |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| boohoo Group PLC | 2,818,176 | GBP | 8,559,112 | 10,190,064 | 0.93 |
| Transportation |  |  |  |  |  |
| Wizz Air Holdings Plc | 400,560 | GBP | 16,799,986 | 21,786,053 | 2.00 |
|  |  |  | 25,359,098 | 31,976,117 | 2.93 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 25,359,098 | 31,976,117 | 2.93 |
| Luxembourg |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| B&M European Value Retail SA | 9,622,632 | GBP | 43,000,065 | 64,252,076 | 5.89 |
|  |  |  | 43,000,065 | 64,252,076 | 5.89 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 43,000,065 | 64,252,076 | 5.89 |
| Portugal |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 1,472,377 | EUR | 21,008,251 | 22,645,158 | 2.07 |
|  |  |  | 21,008,251 | 22,645,158 | 2.07 |
|  |  |  |  |  |  |
| Total Portugal |  |  | 21,008,251 | 22,645,158 | 2.07 |
| Sweden |  |  |  |  |  |
| Other services |  |  |  |  |  |
| MIPS AB | 226,418 | SEK | 9,688,306 | 16,431,100 | 1.51 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Vitrolife AB | 823,450 | SEK | 13,687,886 | 28,872,000 | 2.64 |
|  |  |  | 23,376,192 | 45,303,100 | 4.15 |
|  |  |  |  |  |  |
| Total Sweden |  |  | 23,376,192 | 45,303,100 | 4.15 |

| Comgest Growth Europe Smaller Companies |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Switzerland |  |  |  |  |  |
| Electronics and electrical equipment |  |  |  |  |  |
| Belimo Holding AG | 25,480 | CHF | 8,368,132 | 9,832,301 | 0.90 |
| Holding and finance companies |  |  |  |  |  |
| Medacta Group SA | 85,112 | CHF | 9,045,068 | 9,425,944 | 0.86 |
| Temenos AG | 344,218 | CHF | 39,374,325 | 46,662,473 | 4.27 |
|  |  |  | 56,787,525 | 65,920,718 | 6.03 |
|  |  |  |  |  |  |
| Total Switzerland |  |  | 56,787,525 | 65,920,718 | 6.03 |
|  |  |  |  |  |  |
| Equity securities |  |  | 745,090,338 | 1,012,524,868 | 92.75 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 745,090,338 | 1,012,524,868 | 92.75 |
| Other transferable securities |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| AMPLIFON N | 345,422 | EUR | 5,555,549 | 14,383,372 | 1.32 |
|  |  | 5,555,549 | 14,383,372 | 1.32 |
|  |  |  |  |  |
| Total Italy |  | 5,555,549 | 14,383,372 | 1.32 |
|  |  |  |  |  |
| Equity securities |  | 5,555,549 | 14,383,372 | 1.32 |
|  |  |  |  |  |
| Other transferable securities |  | 5,555,549 | 14,383,372 | 1.32 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 750,645,887 | 1,026,908,240 | 94.07 |
| Cash and other net assets |  |  | 	64,731,480	 | 5.93 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  1,091,639,720	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 92.47 |
| Other transferable securities |  |  |  | 1.31 |

| Comgest Growth Europe ex Switzerland |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in CHF) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost CHF | CHF | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| SimCorp A/S | 19,606 | DKK | 1,751,160 | 2,275,129 | 1.34 |
|  |  |  | 1,751,160 | 2,275,129 | 1.34 |
| News transmission |  |  |  |  |  |
| GN Store Nord AS | 38,110 | DKK | 2,684,793 | 3,077,463 | 1.81 |
|  |  |  | 2,684,793 | 3,077,463 | 1.81 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 42,407 | DKK | 622,107 | 1,507,185 | 0.89 |
| Coloplast A/S - B Shares | 7,463 | DKK | 560,118 | 1,132,037 | 0.66 |
| Novo Nordisk A/S - B Shares | 110,112 | DKK | 5,425,858 | 8,528,185 | 5.01 |
|  |  |  | 6,608,083 | 11,167,407 | 6.56 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 11,044,036 | 16,519,999 | 9.71 |
| Faroe Islands |  |  |  |  |  |
| Agriculture and fishing |  |  |  |  |  |
| Bakkafrost P/F | 72,665 | NOK | 4,307,134 | 5,549,722 | 3.26 |
|  |  |  | 4,307,134 | 5,549,722 | 3.26 |
|  |  |  |  |  |  |
| Total Faroe Islands |  |  | 4,307,134 | 5,549,722 | 3.26 |
| France |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Orpea SA | 36,174 | EUR | 4,147,841 | 4,252,834 | 2.50 |
|  |  |  | 4,147,841 | 4,252,834 | 2.50 |
| Internet software |  |  |  |  |  |
| Dassault Systèmes SE | 26,585 | EUR | 3,041,010 | 5,959,566 | 3.50 |
|  |  |  | 3,041,010 | 5,959,566 | 3.50 |
| News transmission |  |  |  |  |  |
| Teleperformance | 13,511 | EUR | 3,233,247 | 5,069,662 | 2.98 |
|  |  |  | 3,233,247 | 5,069,662 | 2.98 |

| Comgest Growth Europe ex Switzerland |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in CHF) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost CHF | CHF | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 52,169 | EUR | 5,793,585 | 8,900,581 | 5.23 |
| L’Oréal SA | 12,720 | EUR | 2,135,719 | 5,239,966 | 3.08 |
| Sartorius Stedim Biotech | 4,179 | EUR | 1,751,285 | 1,827,347 | 1.07 |
|  |  |  | 9,680,589 | 15,967,894 | 9.38 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 10,067 | EUR | 2,735,357 | 7,297,653 | 4.29 |
|  |  |  | 2,735,357 | 7,297,653 | 4.29 |
|  |  |  |  |  |  |
| Total France |  |  | 22,838,044 | 38,547,609 | 22.65 |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 16,581 | EUR | 3,313,964 | 3,796,941 | 2.23 |
|  |  |  | 3,313,964 | 3,796,941 | 2.23 |
| Internet software |  |  |  |  |  |
| Nemetschek SE | 38,520 | EUR | 2,512,207 | 2,724,365 | 1.60 |
|  |  |  | 2,512,207 | 2,724,365 | 1.60 |
| Textile |  |  |  |  |  |
| adidas AG | 13,147 | EUR | 4,255,229 | 4,523,792 | 2.66 |
|  |  |  | 4,255,229 | 4,523,792 | 2.66 |
|  |  |  |  |  |  |
| Total Germany |  |  | 10,081,400 | 11,045,098 | 6.49 |
| Great Britain |  |  |  |  |  |
| Food and distilleries |  |  |  |  |  |
| Unilever PLC | 31,014 | EUR | 1,381,194 | 1,678,269 | 0.99 |
|  |  |  | 1,381,194 | 1,678,269 | 0.99 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| AstraZeneca PLC | 44,699 | GBP | 4,273,044 | 4,956,092 | 2.91 |
|  |  |  | 4,273,044 | 4,956,092 | 2.91 |
|  |  |  |  |  |  |
| Total Great Britain |  |  | 5,654,238 | 6,634,361 | 3.90 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 22,758 | EUR | 1,501,613 | 1,986,781 | 1.17 |
|  |  |  | 1,501,613 | 1,986,781 | 1.17 |

| Comgest Growth Europe ex Switzerland |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in CHF) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost CHF | CHF | Assets |
| Mechanics and machinery |  |  |  |  |  |
| Linde PLC | 26,819 | EUR | 6,365,827 | 7,154,159 | 4.20 |
|  |  |  | 6,365,827 | 7,154,159 | 4.20 |
| Other services |  |  |  |  |  |
| Accenture PLC | 25,285 | USD | 4,295,167 | 6,889,890 | 4.05 |
|  |  |  | 4,295,167 | 6,889,890 | 4.05 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 28,815 | USD | 4,560,342 | 5,505,752 | 3.24 |
|  |  |  | 4,560,342 | 5,505,752 | 3.24 |
| Transportation |  |  |  |  |  |
| Ryanair Holdings PLC | 108,056 | EUR | 1,599,600 | 1,890,455 | 1.11 |
|  |  |  | 1,599,600 | 1,890,455 | 1.11 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 18,322,549 | 23,427,037 | 13.77 |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Amplifon SpA | 45,000 | EUR | 838,158 | 2,054,035 | 1.21 |
|  |  |  | 838,158 | 2,054,035 | 1.21 |
| Tobacco and spirits |  |  |  |  |  |
| Davide Campari-Milano NV | 315,681 | EUR | 2,846,284 | 3,908,583 | 2.30 |
|  |  |  | 2,846,284 | 3,908,583 | 2.30 |
|  |  |  |  |  |  |
| Total Italy |  |  | 3,684,442 | 5,962,618 | 3.51 |
| Jersey |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Experian PLC | 144,435 | GBP | 3,064,908 | 5,138,369 | 3.02 |
|  |  |  | 3,064,908 | 5,138,369 | 3.02 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 3,064,908 | 5,138,369 | 3.02 |
| Luxembourg |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| B&M European Value Retail SA | 477,318 | GBP | 1,954,961 | 3,493,701 | 2.05 |
|  |  |  | 1,954,961 | 3,493,701 | 2.05 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 1,954,961 | 3,493,701 | 2.05 |

| Comgest Growth Europe ex Switzerland |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in CHF) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost CHF | CHF | Assets |
| Netherlands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Ferrari NV | 17,787 | EUR | 2,785,923 | 3,392,631 | 1.99 |
|  |  |  | 2,785,923 | 3,392,631 | 1.99 |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 597 | EUR | 454,466 | 1,348,440 | 0.79 |
|  |  |  | 454,466 | 1,348,440 | 0.79 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 21,212 | EUR | 4,288,373 | 13,472,393 | 7.92 |
|  |  |  | 4,288,373 | 13,472,393 | 7.92 |
| Internet software |  |  |  |  |  |
| Prosus NV | 58,205 | EUR | 5,551,365 | 5,261,880 | 3.09 |
|  |  |  | 5,551,365 | 5,261,880 | 3.09 |
| Tobacco and spirits |  |  |  |  |  |
| Heineken NV | 65,109 | EUR | 5,747,140 | 7,294,181 | 4.29 |
|  |  |  | 5,747,140 | 7,294,181 | 4.29 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 18,827,267 | 30,769,525 | 18.08 |
| Portugal |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 289,478 | EUR | 4,599,451 | 4,880,413 | 2.87 |
|  |  |  | 4,599,451 | 4,880,413 | 2.87 |
|  |  |  |  |  |  |
| Total Portugal |  |  | 4,599,451 | 4,880,413 | 2.87 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 51,417 | EUR | 2,555,660 | 3,343,432 | 1.95 |
|  |  |  | 2,555,660 | 3,343,432 | 1.95 |
| Retail |  |  |  |  |  |
| Industria de Diseno Textil SA | 183,223 | EUR | 5,492,458 | 5,967,154 | 3.51 |
|  |  |  | 5,492,458 | 5,967,154 | 3.51 |
|  |  |  |  |  |  |
| Total Spain |  |  | 8,048,118 | 9,310,586 | 5.46 |

| Comgest Growth Europe ex Switzerland |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in CHF) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost CHF | CHF | Assets |
| Sweden |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Assa Abloy AB | 161,697 | SEK | 3,220,457 | 4,505,546 | 2.65 |
|  |  |  | 3,220,457 | 4,505,546 | 2.65 |
|  |  |  |  |  |  |
| Total Sweden |  |  | 3,220,457 | 4,505,546 | 2.65 |
|  |  |  |  |  |  |
| Equity securities |  |  | 115,647,005 | 165,784,584 | 97.42 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 115,647,005 | 165,784,584 | 97.42 |
| Other transferable securities |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| AMPLIFON N | 56,996 | EUR | 1,061,592 | 2,601,595 | 1.53 |
|  |  | 1,061,592 | 2,601,595 | 1.53 |
|  |  |  |  |  |
| Total Italy |  | 1,061,592 | 2,601,595 | 1.53 |
|  |  |  |  |  |
| Equity securities |  | 1,061,592 | 2,601,595 | 1.53 |
|  |  |  |  |  |
| Other transferable securities |  | 1,061,592 | 2,601,595 | 1.53 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 116,708,597 | 168,386,179 | 98.95 |
| Total financial derivative instrument (Note 6) |  |  | (985,373) | (0.58) |
| Cash and other net assets |  |  | 	2,768,904	 | 1.63 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  170,169,710	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 96.72 |
| Other transferable securities |  |  |  | 1.52 |
| Derivative instrument |  |  |  | 0.04 |

| Comgest Growth Europe ex UK |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in GBP) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost GBP | GBP | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Denmark |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| SimCorp A/S | 60,500 | DKK | 4,985,149 | 5,497,948 | 1.94 |
|  |  |  | 4,985,149 | 5,497,948 | 1.94 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Ambu A/S | 98,726 | DKK | 2,133,110 | 2,747,824 | 0.97 |
| Coloplast A/S - B Shares | 13,383 | DKK | 1,354,117 | 1,589,751 | 0.56 |
| Novo Nordisk A/S - B Shares | 214,321 | DKK | 10,208,466 | 12,999,151 | 4.59 |
|  |  |  | 13,695,693 | 17,336,726 | 6.12 |
|  |  |  |  |  |  |
| Total Denmark |  |  | 18,680,842 | 22,834,674 | 8.06 |
| France |  |  |  |  |  |
| Healthcare education and social services |  |  |  |  |  |
| Orpea SA | 70,224 | EUR | 6,586,138 | 6,465,405 | 2.29 |
|  |  |  | 6,586,138 | 6,465,405 | 2.29 |
| Internet software |  |  |  |  |  |
| Dassault Systèmes SE | 51,890 | EUR | 6,991,175 | 9,109,402 | 3.22 |
|  |  |  | 6,991,175 | 9,109,402 | 3.22 |
| News transmission |  |  |  |  |  |
| Teleperformance | 31,844 | EUR | 7,646,633 | 9,357,232 | 3.31 |
|  |  |  | 7,646,633 | 9,357,232 | 3.31 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| EssilorLuxottica SA | 94,816 | EUR | 10,470,176 | 12,668,224 | 4.48 |
| L’Oréal SA | 26,620 | EUR | 6,392,608 | 8,587,717 | 3.04 |
| Sartorius Stedim Biotech | 5,082 | EUR | 1,025,033 | 1,740,250 | 0.62 |
|  |  |  | 17,887,817 | 22,996,191 | 8.14 |
| Textile |  |  |  |  |  |
| Hermes International | 3,792 | EUR | 2,557,249 | 3,999,046 | 1.41 |
| LVMH Moët Hennessy Louis Vuitton SE | 6,772 | EUR | 2,487,749 | 3,844,398 | 1.36 |
|  |  |  | 5,044,998 | 7,843,444 | 2.77 |
|  |  |  |  |  |  |
| Total France |  |  | 44,156,761 | 55,771,674 | 19.73 |

| Comgest Growth Europe ex UK |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in GBP) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost GBP | GBP | Assets |
| Germany |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| MTU Aero Engines AG | 30,276 | EUR | 5,001,513 | 5,429,375 | 1.92 |
|  |  |  | 5,001,513 | 5,429,375 | 1.92 |
| Internet software |  |  |  |  |  |
| Nemetschek SE | 53,959 | EUR | 2,766,435 | 2,988,623 | 1.06 |
|  |  |  | 2,766,435 | 2,988,623 | 1.06 |
| Textile |  |  |  |  |  |
| adidas AG | 15,732 | EUR | 4,043,537 | 4,239,241 | 1.50 |
|  |  |  | 4,043,537 | 4,239,241 | 1.50 |
|  |  |  |  |  |  |
| Total Germany |  |  | 11,811,485 | 12,657,239 | 4.48 |
| Ireland |  |  |  |  |  |
| Construction and building material |  |  |  |  |  |
| Kingspan Group PLC | 110,618 | EUR | 6,112,820 | 7,562,579 | 2.67 |
|  |  |  | 6,112,820 | 7,562,579 | 2.67 |
| Other services |  |  |  |  |  |
| Accenture PLC | 50,257 | USD | 8,669,448 | 10,724,428 | 3.79 |
|  |  |  | 8,669,448 | 10,724,428 | 3.79 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| ICON PLC | 66,584 | USD | 9,224,163 | 9,963,139 | 3.52 |
|  |  |  | 9,224,163 | 9,963,139 | 3.52 |
| Transportation |  |  |  |  |  |
| Ryanair Holdings PLC | 448,104 | EUR | 5,262,220 | 6,139,382 | 2.17 |
|  |  |  | 5,262,220 | 6,139,382 | 2.17 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 29,268,651 | 34,389,528 | 12.15 |
| Italy |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Amplifon SpA | 174,398 | EUR | 4,107,959 | 6,233,976 | 2.20 |
|  |  |  | 4,107,959 | 6,233,976 | 2.20 |

| Comgest Growth Europe ex UK |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in GBP) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost GBP | GBP | Assets |
| Tobacco and spirits |  |  |  |  |  |
| Davide Campari-Milano NV | 886,758 | EUR | 7,015,256 | 8,598,135 | 3.04 |
|  |  |  | 7,015,256 | 8,598,135 | 3.04 |
|  |  |  |  |  |  |
| Total Italy |  |  | 11,123,215 | 14,832,111 | 5.24 |
| Netherlands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Ferrari NV | 37,294 | EUR | 4,938,897 | 5,570,589 | 1.97 |
|  |  |  | 4,938,897 | 5,570,589 | 1.97 |
| Banks and financial institutions |  |  |  |  |  |
| Adyen NV | 1,989 | EUR | 2,122,421 | 3,518,198 | 1.24 |
|  |  |  | 2,122,421 | 3,518,198 | 1.24 |
| Electronic semiconductor |  |  |  |  |  |
| ASML Holding NV | 46,221 | EUR | 13,974,919 | 22,989,565 | 8.13 |
|  |  |  | 13,974,919 | 22,989,565 | 8.13 |
| Internet software |  |  |  |  |  |
| Prosus NV | 130,007 | EUR | 10,338,295 | 9,203,979 | 3.25 |
|  |  |  | 10,338,295 | 9,203,979 | 3.25 |
| Tobacco and spirits |  |  |  |  |  |
| Heineken NV | 115,454 | EUR | 9,231,677 | 10,129,145 | 3.58 |
|  |  |  | 9,231,677 | 10,129,145 | 3.58 |
|  |  |  |  |  |  |
| Total Netherlands |  |  | 40,606,209 | 51,411,476 | 18.17 |
| Portugal |  |  |  |  |  |
| Retail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 528,837 | EUR | 6,818,842 | 6,982,180 | 2.47 |
|  |  |  | 6,818,842 | 6,982,180 | 2.47 |
|  |  |  |  |  |  |
| Total Portugal |  |  | 6,818,842 | 6,982,180 | 2.47 |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Amadeus IT Group SA - A Shares | 165,833 | EUR | 8,330,331 | 8,444,715 | 2.98 |
|  |  |  | 8,330,331 | 8,444,715 | 2.98 |

| Comgest Growth Europe ex UK |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in GBP) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost GBP | GBP | Assets |
| Retail |  |  |  |  |  |
| Industria de Diseno Textil SA | 338,113 | EUR | 7,903,388 | 8,623,378 | 3.05 |
|  |  |  | 7,903,388 | 8,623,378 | 3.05 |
|  |  |  |  |  |  |
| Total Spain |  |  | 16,233,719 | 17,068,093 | 6.03 |
| Sweden |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| Assa Abloy AB | 359,419 | SEK | 6,548,525 | 7,842,865 | 2.77 |
|  |  |  | 6,548,525 | 7,842,865 | 2.77 |
|  |  |  |  |  |  |
| Total Sweden |  |  | 6,548,525 | 7,842,865 | 2.77 |
| Switzerland |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lonza Group AG | 15,966 | CHF | 5,750,733 | 8,199,659 | 2.90 |
| Sika AG | 30,968 | CHF | 4,993,144 | 7,336,126 | 2.59 |
|  |  |  | 10,743,877 | 15,535,785 | 5.49 |
| Food and distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 1,175 | CHF | 7,144,425 | 8,470,127 | 2.99 |
|  |  |  | 7,144,425 | 8,470,127 | 2.99 |
| Healthcare education and social services |  |  |  |  |  |
| Alcon Inc | 55,533 | CHF | 2,736,024 | 2,817,217 | 1.00 |
|  |  |  | 2,736,024 | 2,817,217 | 1.00 |
| Holding and finance companies |  |  |  |  |  |
| Temenos AG | 57,572 | CHF | 5,736,591 | 6,699,747 | 2.37 |
|  |  |  | 5,736,591 | 6,699,747 | 2.37 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Roche Holding AG | 45,822 | CHF | 11,473,671 | 12,507,410 | 4.42 |
| Straumann Holding AG | 9,920 | CHF | 7,556,857 | 11,458,611 | 4.05 |
|  |  | 19,030,528 | 23,966,021 | 8.47 |
|  |  |  |  |  |
| Total Switzerland |  | 45,391,445 | 57,488,897 | 20.32 |
|  |  |  |  |  |
| Equity securities |  | 230,639,694 | 281,278,737 | 99.42 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 230,639,694 | 281,278,737 | 99.42 |

| Comgest Growth Europe ex UK |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in GBP) |

|  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- |
|  | cost GBP | GBP | Assets |
|  |  |  |  |
| Financial assets at fair value through profit or loss |   230,639,694  | 281,278,737	 | 99.42 |
| Total financial derivative instrument (Note 6) |  | 147,108 | 0.05 |
| Cash and other net assets |  | 	1,487,320	 | 0.53 |
| Total net assets attributable to holders of redeemable participating shares |  |  282,913,165	 | 100.00 |
|  |  |  | % of |
|  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  | 99.24 |
| Derivative instrument |  |  | 0.08 |

| Comgest Growth Asia |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 392,660 | HKD | 5,046,631 | 8,893,932 | 2.87 |
| Tencent Holdings Ltd | 102,883 | HKD | 5,131,667 | 7,736,914 | 2.50 |
|  |  |  | 10,178,298 | 16,630,846 | 5.37 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 334,700 | HKD | 10,589,331 | 9,481,777 | 3.06 |
|  |  |  | 10,589,331 | 9,481,777 | 3.06 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Hengan International Group Co Ltd | 1,078,000 | HKD | 7,905,177 | 7,218,275 | 2.33 |
|  |  |  | 7,905,177 | 7,218,275 | 2.33 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 28,672,806 | 33,330,898 | 10.76 |
| China |  |  |  |  |  |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 584,527 | CNY | 2,168,642 | 3,331,779 | 1.08 |
|  |  |  | 2,168,642 | 3,331,779 | 1.08 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 940,566 | CNY | 4,562,666 | 4,675,572 | 1.51 |
|  |  |  | 4,562,666 | 4,675,572 | 1.51 |
| Insurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - H Shares | 869,500 | HKD | 8,444,400 | 8,514,911 | 2.75 |
|  |  |  | 8,444,400 | 8,514,911 | 2.75 |
|  |  |  |  |  |  |
| Total China |  |  | 15,175,708 | 16,522,262 | 5.34 |

| Comgest Growth Asia |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| India |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 127,318 | INR | 4,468,391 | 4,239,946 | 1.37 |
|  |  |  | 4,468,391 | 4,239,946 | 1.37 |
|  |  |  |  |  |  |
| Total India |  |  | 4,468,391 | 4,239,946 | 1.37 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Shimano Inc | 26,200 | JPY | 6,019,048 | 6,220,109 | 2.01 |
|  |  |  | 6,019,048 | 6,220,109 | 2.01 |
| Chemicals |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 55,200 | JPY | 5,592,507 | 9,240,616 | 2.98 |
|  |  |  | 5,592,507 | 9,240,616 | 2.98 |
| Consumer goods |  |  |  |  |  |
| Pigeon Corp | 187,900 | JPY | 7,050,524 | 5,298,918 | 1.71 |
|  |  |  | 7,050,524 | 5,298,918 | 1.71 |
| Electronic semiconductor |  |  |  |  |  |
| Keyence Corp | 21,000 | JPY | 5,214,809 | 10,608,793 | 3.42 |
| Lasertec Corp | 45,600 | JPY | 6,564,728 | 8,870,204 | 2.86 |
| Murata Manufacturing Co Ltd | 127,700 | JPY | 7,656,891 | 9,758,999 | 3.15 |
| Nidec Corp | 85,900 | JPY | 6,786,716 | 9,964,523 | 3.22 |
| Sony Group Corp | 82,200 | JPY | 8,526,941 | 8,009,667 | 2.58 |
|  |  |  | 34,750,085 | 47,212,186 | 15.23 |
| Electronics and electrical equipment |  |  |  |  |  |
| FANUC Corp | 29,900 | JPY | 7,639,367 | 7,218,402 | 2.33 |
| Hamamatsu Photonics KK | 135,400 | JPY | 5,364,639 | 8,173,529 | 2.64 |
|  |  |  | 13,004,006 | 15,391,931 | 4.97 |
| Graphic art and publishing |  |  |  |  |  |
| Recruit Holdings Co Ltd | 203,200 | JPY | 7,042,392 | 10,014,451 | 3.23 |
|  |  |  | 7,042,392 | 10,014,451 | 3.23 |
| Internet software |  |  |  |  |  |
| M3 Inc | 141,600 | JPY | 3,386,621 | 10,350,488 | 3.34 |
| SoftBank Group Corp | 109,300 | JPY | 4,848,385 | 7,656,613 | 2.47 |
|  |  |  | 8,235,006 | 18,007,101 | 5.81 |
| Leisure |  |  |  |  |  |
| Oriental Land Co Ltd | 41,300 | JPY | 5,357,281 | 5,890,431 | 1.90 |
|  |  |  | 5,357,281 | 5,890,431 | 1.90 |

| Comgest Growth Asia |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Mechanics and machinery |  |  |  |  |  |
| Daifuku Co Ltd | 122,100 | JPY | 5,655,803 | 11,099,999 | 3.58 |
| Daikin Industries Ltd | 48,400 | JPY | 6,202,029 | 9,022,398 | 2.91 |
|  |  |  | 11,857,832 | 20,122,397 | 6.49 |
| News transmission |  |  |  |  |  |
| Hikari Tsushin Inc | 21,600 | JPY | 2,873,351 | 3,796,882 | 1.23 |
|  |  |  | 2,873,351 | 3,796,882 | 1.23 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Chugai Pharmaceutical Co Ltd | 156,000 | JPY | 6,474,157 | 6,187,152 | 2.00 |
| Kose Corp | 46,000 | JPY | 5,755,739 | 7,244,616 | 2.34 |
| Sysmex Corp | 102,100 | JPY | 7,867,520 | 12,142,715 | 3.92 |
|  |  |  | 20,097,416 | 25,574,483 | 8.26 |
| Public services |  |  |  |  |  |
| RENOVA Inc | 177,200 | JPY | 5,775,276 | 6,984,863 | 2.25 |
|  |  |  | 5,775,276 | 6,984,863 | 2.25 |
| Retail |  |  |  |  |  |
| Fast Retailing Co Ltd | 10,800 | JPY | 5,206,702 | 8,137,705 | 2.63 |
| Nitori Holdings Co Ltd | 33,100 | JPY | 5,236,070 | 5,863,104 | 1.89 |
| Pan Pacific International Holdings Corp | 415,800 | JPY | 5,805,309 | 8,638,929 | 2.79 |
|  |  |  | 16,248,081 | 22,639,738 | 7.31 |
|  |  |  |  |  |  |
| Total Japan |  |  | 143,902,805 | 196,394,106 | 63.38 |
| South Korea |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 151,800 | KRW | 7,388,179 | 10,878,231 | 3.51 |
|  |  |  | 7,388,179 | 10,878,231 | 3.51 |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 266,796 | KRW | 5,063,201 | 5,958,408 | 1.92 |
|  |  |  | 5,063,201 | 5,958,408 | 1.92 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 9,649 | KRW | 5,198,889 | 7,026,016 | 2.27 |
|  |  |  | 5,198,889 | 7,026,016 | 2.27 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 2,294 | KRW | 2,569,304 | 3,589,321 | 1.16 |
|  |  |  | 2,569,304 | 3,589,321 | 1.16 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 20,219,573 | 27,451,976 | 8.86 |

| Comgest Growth Asia |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 397,457 | TWD | 3,204,868 | 8,487,752 | 2.74 |
|  |  |  | 3,204,868 | 8,487,752 | 2.74 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 3,204,868 | 8,487,752 | 2.74 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 120,027 | USD | 8,447,243 | 8,313,070 | 2.68 |
|  |  |  | 8,447,243 | 8,313,070 | 2.68 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 8,447,243 | 8,313,070 | 2.68 |
|  |  |  |  |  |  |
| Equity securities |  |  | 224,091,394 | 294,740,010 | 95.13 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 224,091,394 | 294,740,010 | 95.13 |
| Other transferable securities |  |  |  |  |  |
| Investment Funds |  |  |  |  |  |
| France |  |  |  |  |  |
| Investment funds |  |  |  |  |  |
| Société de Gestion Prévoir - Prévoir Renaissance Vietnam | 12,978 | EUR | 2,734,944 | 4,104,830 | 1.32 |
|  |  | 2,734,944 | 4,104,830 | 1.32 |
|  |  |  |  |  |
| Total France |  | 2,734,944 | 4,104,830 | 1.32 |
|  |  |  |  |  |
| Investment Funds |  | 2,734,944 | 4,104,830 | 1.32 |
|  |  |  |  |  |
| Other transferable securities |  | 2,734,944 | 4,104,830 | 1.32 |
|  |  |  |  |  |
| Financial assets at fair value through profit and loss |  | 226,826,338 | 298,844,840 | 96.45 |
| Cash and other net assets |  |  |   11,001,928	 | 3.55 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  309,846,768	 | 100.00 |

| Comgest Growth Asia |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | % of |
| --- | --- |
|  | Total Assets |
| Transferable securities admitted to an official stock exchange listing | 94.92 |
| Other transferable securities | 1.32 |

| Comgest Growth Asia ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Bermuda Islands |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| China Resources Gas Group Ltd | 574,355 | HKD | 2,675,945 | 3,446,495 | 2.68 |
|  |  |  | 2,675,945 | 3,446,495 | 2.68 |
|  |  |  |  |  |  |
| Total Bermuda Islands |  |  | 2,675,945 | 3,446,495 | 2.68 |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 133,075 | HKD | 1,562,420 | 3,014,211 | 2.35 |
| Tencent Holdings Ltd | 30,800 | HKD | 2,012,311 | 2,316,194 | 1.80 |
|  |  |  | 3,574,731 | 5,330,405 | 4.15 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 339,816 | HKD | 9,425,109 | 9,626,709 | 7.49 |
|  |  |  | 9,425,109 | 9,626,709 | 7.49 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| 3SBio Inc | 1,739,390 | HKD | 2,265,252 | 2,150,203 | 1.67 |
| Hengan International Group Co Ltd | 492,000 | HKD | 3,718,162 | 3,294,426 | 2.56 |
|  |  |  | 5,983,414 | 5,444,629 | 4.23 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 18,983,254 | 20,401,743 | 15.87 |
| China |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| SAIC Motor Corp Ltd - A Shares | 1,030,167 | CNY | 3,785,833 | 3,502,738 | 2.73 |
|  |  |  | 3,785,833 | 3,502,738 | 2.73 |
| Banks and financial institutions |  |  |  |  |  |
| Midea Group Co Ltd - A Shares | 349,800 | CNY | 3,454,737 | 3,863,718 | 3.01 |
| Suofeiya Home Collection Co Ltd | 1,016,648 | CNY | 4,311,437 | 3,807,640 | 2.96 |
|  |  |  | 7,766,174 | 7,671,358 | 5.97 |

| Comgest Growth Asia ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 341,055 | CNY | 1,656,880 | 1,943,999 | 1.51 |
|  |  |  | 1,656,880 | 1,943,999 | 1.51 |
| Construction and building material |  |  |  |  |  |
| Sany Heavy Industry Co Ltd | 278,100 | CNY | 1,315,457 | 1,251,168 | 0.97 |
|  |  |  | 1,315,457 | 1,251,168 | 0.97 |
| Electronics and electrical equipment |  |  |  |  |  |
| TravelSky Technology Ltd | 1,765,000 | HKD | 3,718,565 | 3,809,167 | 2.96 |
|  |  |  | 3,718,565 | 3,809,167 | 2.96 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 742,238 | CNY | 3,430,338 | 3,689,680 | 2.87 |
|  |  |  | 3,430,338 | 3,689,680 | 2.87 |
| Insurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - H Shares | 687,112 | HKD | 7,150,648 | 6,728,807 | 5.24 |
|  |  |  | 7,150,648 | 6,728,807 | 5.24 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 1,632,000 | HKD | 2,727,476 | 3,807,936 | 2.96 |
|  |  |  | 2,727,476 | 3,807,936 | 2.96 |
|  |  |  |  |  |  |
| Total China |  |  | 31,551,371 | 32,404,853 | 25.21 |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 186,000 | HKD | 1,760,077 | 2,311,275 | 1.80 |
|  |  |  | 1,760,077 | 2,311,275 | 1.80 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 1,760,077 | 2,311,275 | 1.80 |
| India |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lupin Ltd | 147,787 | INR | 2,076,255 | 2,284,786 | 1.78 |
|  |  |  | 2,076,255 | 2,284,786 | 1.78 |

| Comgest Growth Asia ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 194,567 | INR | 5,362,710 | 6,479,473 | 5.04 |
|  |  |  | 5,362,710 | 6,479,473 | 5.04 |
|  |  |  |  |  |  |
| Total India |  |  | 7,438,965 | 8,764,259 | 6.82 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Suzuki Motor Corp | 92,600 | JPY | 3,954,173 | 3,922,088 | 3.05 |
|  |  |  | 3,954,173 | 3,922,088 | 3.05 |
|  |  |  |  |  |  |
| Total Japan |  |  | 3,954,173 | 3,922,088 | 3.05 |
| Luxembourg |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L'Occitane International SA | 670,250 | HKD | 1,851,053 | 2,451,131 | 1.91 |
|  |  |  | 1,851,053 | 2,451,131 | 1.91 |
| Textile |  |  |  |  |  |
| Samsonite International SA | 1,988,100 | HKD | 5,090,260 | 4,065,370 | 3.16 |
|  |  |  | 5,090,260 | 4,065,370 | 3.16 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 6,941,313 | 6,516,501 | 5.07 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 12,672 | ZAR | 2,421,931 | 2,660,806 | 2.07 |
|  |  |  | 2,421,931 | 2,660,806 | 2.07 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 2,421,931 | 2,660,806 | 2.07 |
| South Korea |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| LG Chem Ltd | 1,772 | KRW | 1,337,676 | 1,337,506 | 1.04 |
|  |  |  | 1,337,676 | 1,337,506 | 1.04 |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 125,425 | KRW | 6,707,594 | 8,988,156 | 6.99 |
|  |  |  | 6,707,594 | 8,988,156 | 6.99 |

| Comgest Growth Asia ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Food and distilleries |  |  |  |  |  |
| Orion Corp/Republic of Korea | 32,180 | KRW | 3,113,179 | 3,386,237 | 2.63 |
|  |  |  | 3,113,179 | 3,386,237 | 2.63 |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 190,814 | KRW | 3,329,709 | 4,261,487 | 3.32 |
|  |  |  | 3,329,709 | 4,261,487 | 3.32 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 6,438 | KRW | 3,773,404 | 4,687,894 | 3.65 |
|  |  |  | 3,773,404 | 4,687,894 | 3.65 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 1,814 | KRW | 2,101,570 | 2,838,286 | 2.21 |
|  |  |  | 2,101,570 | 2,838,286 | 2.21 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 20,363,132 | 25,499,566 | 19.84 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 211,000 | TWD | 3,845,913 | 4,505,936 | 3.51 |
|  |  |  | 3,845,913 | 4,505,936 | 3.51 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 3,845,913 | 4,505,936 | 3.51 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 43,964 | USD | 3,149,348 | 3,044,947 | 2.37 |
|  |  |  | 3,149,348 | 3,044,947 | 2.37 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 3,149,348 | 3,044,947 | 2.37 |
|  |  |  |  |  |  |
| Equity securities |  |  | 103,085,422 | 113,478,469 | 88.29 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 44,505 | USD | 3,815,255 | 2,846,540 | 2.22 |
|  |  |  | 3,815,255 | 2,846,540 | 2.22 |

| Comgest Growth Asia ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Holding and finance companies |  |  |  |  |  |
| Vipshop Holdings Ltd | 116,085 | USD | 2,629,205 | 2,330,987 | 1.81 |
|  |  |  | 2,629,205 | 2,330,987 | 1.81 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 6,444,460 | 5,177,527 | 4.03 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 6,444,460 | 5,177,527 | 4.03 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 109,529,882 | 118,655,996 | 92.32 |
| Other transferable securities dealt on another regulated market |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Vietnam |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| FPT Corp | 204,815 | VND | 632,504 | 783,094 | 0.61 |
| Vietnam Dairy Products JSC | 742,658 | VND | 3,023,423 | 2,916,938 | 2.27 |
|  |  | 3,655,927 | 3,700,032 | 2.88 |
|  |  |  |  |  |
| Total Vietnam |  | 3,655,927 | 3,700,032 | 2.88 |
|  |  |  |  |  |
| Equity securities |  | 3,655,927 | 3,700,032 | 2.88 |
|  |  |  |  |  |
| Other transferable securities dealt on another regulated market |  | 3,655,927 | 3,700,032 | 2.88 |
|  |  |  |  |  |
| Financial assets at fair value through profit and loss |  | 113,185,809 | 122,356,028 | 95.20 |
| Cash and other net assets |  |  | 	6,166,248	 | 4.80 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 128,522,276 | 100.00 |
|  |  |  |  |  |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 89.46 |
| Other transferable securities dealt on another regulated market |  |  |  | 2.79 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Bermuda Islands |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| China Resources Gas Group Ltd | 1,648,616 | HKD | 7,035,406 | 9,892,744 | 2.75 |
|  |  |  | 7,035,406 | 9,892,744 | 2.75 |
|  |  |  |  |  |  |
| Total Bermuda Islands |  |  | 7,035,406 | 9,892,744 | 2.75 |
| Cayman Islands |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| NetEase Inc | 389,775 | HKD | 3,174,795 | 8,828,586 | 2.45 |
| Tencent Holdings Ltd | 90,723 | HKD | 5,349,823 | 6,822,469 | 1.90 |
|  |  |  | 8,524,618 | 15,651,055 | 4.35 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 973,020 | HKD | 25,293,447 | 27,564,858 | 7.66 |
|  |  |  | 25,293,447 | 27,564,858 | 7.66 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| 3SBio Inc | 4,861,026 | HKD | 7,579,592 | 6,009,115 | 1.67 |
| Hengan International Group Co Ltd | 1,513,317 | HKD | 11,837,996 | 10,133,152 | 2.82 |
|  |  |  | 19,417,588 | 16,142,267 | 4.49 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 53,235,653 | 59,358,180 | 16.50 |
| China |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| SAIC Motor Corp Ltd - A Shares | 2,988,882 | CNY | 10,959,553 | 10,162,692 | 2.82 |
|  |  |  | 10,959,553 | 10,162,692 | 2.82 |
| Banks and financial institutions |  |  |  |  |  |
| Midea Group Co Ltd - A Shares | 977,680 | CNY | 8,031,115 | 10,798,971 | 3.00 |
| Suofeiya Home Collection Co Ltd | 2,841,094 | CNY | 11,647,746 | 10,640,718 | 2.96 |
|  |  |  | 19,678,861 | 21,439,689 | 5.96 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 953,096 | CNY | 3,539,784 | 5,432,607 | 1.51 |
|  |  |  | 3,539,784 | 5,432,607 | 1.51 |
| Construction and building material |  |  |  |  |  |
| Sany Heavy Industry Co Ltd | 926,900 | CNY | 4,395,688 | 4,170,113 | 1.16 |
|  |  |  | 4,395,688 | 4,170,113 | 1.16 |
| Electronics and electrical equipment |  |  |  |  |  |
| TravelSky Technology Ltd | 5,397,966 | HKD | 10,807,197 | 11,649,720 | 3.24 |
|  |  |  | 10,807,197 | 11,649,720 | 3.24 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 2,075,803 | CNY | 9,450,463 | 10,318,858 | 2.87 |
|  |  |  | 9,450,463 | 10,318,858 | 2.87 |
| Insurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - H Shares | 1,942,616 | HKD | 16,903,201 | 19,023,810 | 5.29 |
|  |  |  | 16,903,201 | 19,023,810 | 5.29 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 4,558,529 | HKD | 6,703,326 | 10,636,390 | 2.96 |
|  |  |  | 6,703,326 | 10,636,390 | 2.96 |
|  |  |  |  |  |  |
| Total China |  |  | 82,438,073 | 92,833,879 | 25.81 |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 525,109 | HKD | 4,113,393 | 6,525,114 | 1.81 |
|  |  |  | 4,113,393 | 6,525,114 | 1.81 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 4,113,393 | 6,525,114 | 1.81 |
| India |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| Lupin Ltd | 421,798 | INR | 5,990,714 | 6,520,993 | 1.81 |
|  |  |  | 5,990,714 | 6,520,993 | 1.81 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Holding and finance companies |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 549,094 | INR | 12,911,829 | 18,285,936 | 5.08 |
|  |  |  | 12,911,829 | 18,285,936 | 5.08 |
|  |  |  |  |  |  |
| Total India |  |  | 18,902,543 | 24,806,929 | 6.89 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Suzuki Motor Corp | 267,300 | JPY | 10,716,884 | 11,321,535 | 3.15 |
|  |  |  | 10,716,884 | 11,321,535 | 3.15 |
|  |  |  |  |  |  |
| Total Japan |  |  | 10,716,884 | 11,321,535 | 3.15 |
| Luxembourg |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L'Occitane International SA | 2,383,250 | HKD | 6,533,690 | 8,715,640 | 2.42 |
|  |  |  | 6,533,690 | 8,715,640 | 2.42 |
| Textile |  |  |  |  |  |
| Samsonite International SA | 5,892,935 | HKD | 18,909,018 | 12,050,178 | 3.35 |
|  |  |  | 18,909,018 | 12,050,178 | 3.35 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 25,442,708 | 20,765,818 | 5.77 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 35,414 | ZAR | 5,822,373 | 7,436,063 | 2.07 |
|  |  |  | 5,822,373 | 7,436,063 | 2.07 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 5,822,373 | 7,436,063 | 2.07 |
| South Korea |  |  |  |  |  |
| Chemicals |  |  |  |  |  |
| LG Chem Ltd | 2,441 | KRW | 1,842,702 | 1,842,466 | 0.51 |
|  |  |  | 1,842,702 | 1,842,466 | 0.51 |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 364,971 | KRW | 15,548,550 | 26,154,406 | 7.27 |
|  |  |  | 15,548,550 | 26,154,406 | 7.27 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Food and distilleries |  |  |  |  |  |
| Orion Corp/Republic of Korea | 91,808 | KRW | 7,701,882 | 9,660,772 | 2.67 |
|  |  |  | 7,701,882 | 9,660,772 | 2.67 |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 558,276 | KRW | 8,923,272 | 12,468,090 | 3.45 |
|  |  |  | 8,923,272 | 12,468,090 | 3.45 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 18,846 | KRW | 8,484,326 | 13,722,903 | 3.81 |
|  |  |  | 8,484,326 | 13,722,903 | 3.81 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 5,130 | KRW | 5,284,406 | 8,026,685 | 2.23 |
|  |  |  | 5,284,406 | 8,026,685 | 2.23 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 47,785,138 | 71,875,322 | 19.94 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 621,103 | TWD | 4,356,641 | 13,263,745 | 3.69 |
|  |  |  | 4,356,641 | 13,263,745 | 3.69 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 4,356,641 | 13,263,745 | 3.69 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 132,268 | USD | 8,673,015 | 9,160,882 | 2.55 |
|  |  |  | 8,673,015 | 9,160,882 | 2.55 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 8,673,015 | 9,160,882 | 2.55 |
|  |  |  |  |  |  |
| Equity securities |  |  | 268,521,827 | 327,240,211 | 90.93 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 142,655 | USD | 11,874,054 | 9,124,214 | 2.54 |
|  |  |  | 11,874,054 | 9,124,214 | 2.54 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Holding and finance companies |  |  |  |  |  |
| Vipshop Holdings Ltd | 324,420 | USD | 7,578,537 | 6,514,354 | 1.81 |
|  |  |  | 7,578,537 | 6,514,354 | 1.81 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 19,452,591 | 15,638,568 | 4.35 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 19,452,591 | 15,638,568 | 4.35 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 287,974,418 | 342,878,779 | 95.28 |
| Other transferable securities dealt on another regulated market |  |  |  |  |  |
| Equity securities |  |  |  |  |  |
| Vietnam |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| FPT Corp | 1,236,940 | VND | 3,804,374 | 4,729,346 | 1.31 |
| Vietnam Dairy Products JSC | 2,445,756 | VND | 9,650,168 | 9,606,194 | 2.67 |
|  |  | 13,454,542 | 14,335,540 | 3.98 |
|  |  |  |  |  |
| Total Vietnam |  | 13,454,542 | 14,335,540 | 3.98 |
|  |  |  |  |  |
| Equity securities |  | 13,454,542 | 14,335,540 | 3.98 |
|  |  |  |  |  |
| Other transferable securities dealt on another regulated market |  | 13,454,542 | 14,335,540 | 3.98 |
|  |  |  |  |  |
| Financial assets at fair value through profit and loss |  | 301,428,960 | 357,214,319 | 99.26 |
| Total financial derivative instrument (Note 6) |  |  | (39,353) | (0.01) |
| Cash and other net assets |  |  | 	2,685,929	 | 0.75 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  359,860,895	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 94.35 |
| Other transferable securities dealt on another regulated market |  |  |  | 3.94 |

| Comgest Growth China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Bermuda Islands |  |  |  |  |  |
| Mechanics and machinery |  |  |  |  |  |
| China Resources Gas Group Ltd | 3,349,546 | HKD | 12,529,767 | 16,948,650 | 5.19 |
|  |  |  | 12,529,767 | 16,948,650 | 5.19 |
| Transportation |  |  |  |  |  |
| Yuexiu Transport Infrastructure Ltd | 12,668,000 | HKD | 6,983,797 | 6,189,903 | 1.90 |
|  |  |  | 6,983,797 | 6,189,903 | 1.90 |
|  |  |  |  |  |  |
| Total Bermuda Islands |  |  | 19,513,564 | 23,138,553 | 7.09 |
| Cayman Islands |  |  |  |  |  |
| Clock and watch making industry |  |  |  |  |  |
| Chow Tai Fook Jewellery Group Ltd | 5,120,800 | HKD | 5,554,629 | 9,864,037 | 3.02 |
|  |  |  | 5,554,629 | 9,864,037 | 3.02 |
| Electronic semiconductor |  |  |  |  |  |
| AAC Technologies Holdings Inc | 1,469,500 | HKD | 6,820,818 | 9,270,624 | 2.84 |
|  |  |  | 6,820,818 | 9,270,624 | 2.84 |
| Internet software |  |  |  |  |  |
| NetEase Inc | 889,625 | HKD | 6,400,899 | 16,991,670 | 5.21 |
| Tencent Holdings Ltd | 152,100 | HKD | 8,342,971 | 9,645,068 | 2.95 |
|  |  |  | 14,743,870 | 26,636,738 | 8.16 |
| Other services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 1,219,640 | HKD | 26,198,324 | 29,135,172 | 8.93 |
|  |  |  | 26,198,324 | 29,135,172 | 8.93 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| 3SBio Inc | 8,225,000 | HKD | 9,857,059 | 8,573,742 | 2.63 |
| Hengan International Group Co Ltd | 1,784,500 | HKD | 12,865,501 | 10,075,884 | 3.09 |
|  |  |  | 22,722,560 | 18,649,626 | 5.72 |

| Comgest Growth China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Textile |  |  |  |  |  |
| ANTA Sports Products Ltd | 463,169 | HKD | 1,822,990 | 9,193,459 | 2.82 |
|  |  |  | 1,822,990 | 9,193,459 | 2.82 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 77,863,191 | 102,749,656 | 31.49 |
| China |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| SAIC Motor Corp Ltd - A Shares | 4,003,108 | CNY | 11,764,196 | 11,477,551 | 3.52 |
|  |  |  | 11,764,196 | 11,477,551 | 3.52 |
| Banks and financial institutions |  |  |  |  |  |
| Midea Group Co Ltd - A Shares | 1,199,132 | CNY | 8,302,158 | 11,168,750 | 3.42 |
| Suofeiya Home Collection Co Ltd | 4,592,539 | CNY | 13,209,406 | 14,504,077 | 4.44 |
|  |  |  | 21,511,564 | 25,672,827 | 7.86 |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 2,233,829 | CNY | 8,992,058 | 10,736,767 | 3.29 |
|  |  |  | 8,992,058 | 10,736,767 | 3.29 |
| Construction and building material |  |  |  |  |  |
| Sany Heavy Industry Co Ltd | 1,206,301 | CNY | 4,827,707 | 4,576,385 | 1.40 |
|  |  |  | 4,827,707 | 4,576,385 | 1.40 |
| Consumer goods |  |  |  |  |  |
| Opple Lighting Co Ltd | 2,220,520 | CNY | 7,844,607 | 7,438,792 | 2.28 |
|  |  |  | 7,844,607 | 7,438,792 | 2.28 |
| Electronics and electrical equipment |  |  |  |  |  |
| TravelSky Technology Ltd | 7,280,000 | HKD | 12,605,216 | 13,248,559 | 4.06 |
|  |  |  | 12,605,216 | 13,248,559 | 4.06 |
| Holding and finance companies |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 3,134,019 | CNY | 11,953,221 | 13,137,086 | 4.03 |
|  |  |  | 11,953,221 | 13,137,086 | 4.03 |
| Insurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - H Shares | 2,634,518 | HKD | 17,840,271 | 21,755,229 | 6.67 |
|  |  |  | 17,840,271 | 21,755,229 | 6.67 |

| Comgest Growth China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 7,920,305 | HKD | 10,654,857 | 15,583,441 | 4.78 |
|  |  |  | 10,654,857 | 15,583,441 | 4.78 |
|  |  |  |  |  |  |
| Total China |  |  | 107,993,697 | 123,626,637 | 37.89 |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 759,600 | HKD | 6,110,761 | 7,959,312 | 2.44 |
|  |  |  | 6,110,761 | 7,959,312 | 2.44 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 6,110,761 | 7,959,312 | 2.44 |
| Luxembourg |  |  |  |  |  |
| Textile |  |  |  |  |  |
| Samsonite International SA | 7,165,500 | HKD | 16,176,065 | 12,355,498 | 3.79 |
|  |  |  | 16,176,065 | 12,355,498 | 3.79 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 16,176,065 | 12,355,498 | 3.79 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 81,098 | ZAR | 11,333,933 | 14,359,197 | 4.40 |
|  |  |  | 11,333,933 | 14,359,197 | 4.40 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 11,333,933 | 14,359,197 | 4.40 |
|  |  |  |  |  |  |
| Equity securities |  |  | 238,991,211 | 284,188,853 | 87.10 |
| America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Noah Holdings Ltd | 216,096 | USD | 7,666,386 | 8,600,836 | 2.64 |
|  |  |  | 7,666,386 | 8,600,836 | 2.64 |

| Comgest Growth China |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Internet software |  |  |  |  |  |
| JOYY Inc | 42,758 | USD | 2,934,717 | 2,378,569 | 0.73 |
|  |  |  | 2,934,717 | 2,378,569 | 0.73 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 10,601,103 | 10,979,405 | 3.37 |
|  |  |  |  |  |  |
| America Depository Receipts |  |  | 10,601,103 | 10,979,405 | 3.37 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 124,326 | USD | 8,806,354 | 6,705,364 | 2.05 |
|  |  |  | 8,806,354 | 6,705,364 | 2.05 |
| Holding and finance companies |  |  |  |  |  |
| Vipshop Holdings Ltd | 388,139 | USD | 7,578,058 | 6,572,081 | 2.01 |
|  |  |  | 7,578,058 | 6,572,081 | 2.01 |
| Internet software |  |  |  |  |  |
| Weibo Corp | 127,370 | USD | 5,170,786 | 5,651,581 | 1.73 |
|  |  |  | 5,170,786 | 5,651,581 | 1.73 |
| Leisure |  |  |  |  |  |
| Trip.com Group Ltd | 147,354 | USD | 3,485,713 | 4,406,082 | 1.35 |
|  |  | 3,485,713 | 4,406,082 | 1.35 |
|  |  |  |  |  |
| Total Cayman Islands |  | 25,040,911 | 23,335,108 | 7.14 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 25,040,911 | 23,335,108 | 7.14 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 274,633,225 | 318,503,366 | 97.61 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 274,633,225 | 318,503,366 | 97.61 |
| Cash and other net assets |  |  | 	7,788,117	 | 2.39 |
| Total net assets attributable to holders of redeemable participating shares |  |  |  326,291,483	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 97.13 |

| Comgest Growth India |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| India |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Eicher Motors Ltd | 56,461 | INR | 1,762,461 | 2,029,076 | 1.63 |
| Endurance Technologies Ltd | 209,723 | INR | 2,711,242 | 4,585,827 | 3.69 |
|  |  |  | 4,473,703 | 6,614,903 | 5.32 |
| Banks and financial institutions |  |  |  |  |  |
| Bandhan Bank Ltd | 871,494 | INR | 3,438,888 | 3,872,208 | 3.10 |
| HDFC Bank Ltd | 298,478 | INR | 4,817,202 | 6,015,152 | 4.84 |
|  |  |  | 8,256,090 | 9,887,360 | 7.94 |
| Business houses |  |  |  |  |  |
| Motherson Sumi Systems Ltd | 696,833 | INR | 1,013,161 | 2,269,734 | 1.83 |
| PVR Ltd | 187,548 | INR | 3,167,942 | 3,367,683 | 2.71 |
|  |  |  | 4,181,103 | 5,637,417 | 4.54 |
| Chemicals |  |  |  |  |  |
| Lupin Ltd | 244,901 | INR | 3,498,812 | 3,786,167 | 3.05 |
| Reliance Industries Ltd | 168,833 | INR | 4,729,339 | 4,794,298 | 3.86 |
|  |  |  | 8,228,151 | 8,580,465 | 6.91 |
| Construction and building material |  |  |  |  |  |
| Larsen & Toubro Ltd | 302,746 | INR | 5,292,137 | 6,111,957 | 4.92 |
|  |  |  | 5,292,137 | 6,111,957 | 4.92 |
| Electronics and electrical equipment |  |  |  |  |  |
| Amber Enterprises India Ltd | 53,442 | INR | 1,935,810 | 2,103,963 | 1.69 |
|  |  |  | 1,935,810 | 2,103,963 | 1.69 |
| Food and distilleries |  |  |  |  |  |
| Varun Beverages Ltd | 621,934 | INR | 3,772,071 | 6,104,928 | 4.91 |
|  |  |  | 3,772,071 | 6,104,928 | 4.91 |
| Holding and finance companies |  |  |  |  |  |
| Colgate-Palmolive India Ltd | 145,051 | INR | 1,430,985 | 3,289,866 | 2.65 |
| Housing Development Finance Corp Ltd | 290,076 | INR | 6,465,813 | 9,660,115 | 7.77 |
| Shriram City Union Finance Ltd | 165,694 | INR | 3,299,710 | 3,818,812 | 3.07 |
| Shriram Transport Finance Co Ltd | 275,540 | INR | 3,549,381 | 4,977,358 | 4.00 |
|  |  |  | 	14,745,889	 | 21,746,151	 | 17.49 |

| Comgest Growth India |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| Internet software |  |  |  |  |  |
| Infosys Ltd | 331,607 | INR | 2,804,141 | 7,052,645 | 5.67 |
|  |  |  | 2,804,141 | 7,052,645 | 5.67 |
| Other services |  |  |  |  |  |
| Central Depository Services India Ltd | 217,180 | INR | 864,494 | 2,859,264 | 2.30 |
|  |  |  | 864,494 | 2,859,264 | 2.30 |
| Petrol |  |  |  |  |  |
| Gujarat State Petronet Ltd | 372,273 | INR | 1,391,360 | 1,669,853 | 1.34 |
| Petronet LNG Ltd | 765,696 | INR | 1,465,579 | 2,326,118 | 1.87 |
|  |  |  | 2,856,939 | 3,995,971 | 3.21 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Apollo Hospitals Enterprise Ltd | 74,491 | INR | 1,555,081 | 3,627,821 | 2.92 |
| Cipla Ltd | 319,972 | INR | 1,885,509 | 4,183,936 | 3.37 |
| Max Financial Services Ltd | 335,977 | INR | 1,995,589 | 4,793,257 | 3.85 |
|  |  |  | 5,436,179 | 12,605,014 | 10.14 |
| Public services |  |  |  |  |  |
| Power Grid Corp of India Ltd | 824,434 | INR | 1,822,473 | 2,577,766 | 2.07 |
| REC Ltd | 1,682,910 | INR | 3,361,487 | 3,363,450 | 2.71 |
|  |  |  | 5,183,960 | 5,941,216 | 4.78 |
| Real estate companies |  |  |  |  |  |
| Info Edge India Ltd | 56,413 | INR | 519,257 | 3,730,958 | 3.00 |
| Oberoi Realty Ltd | 305,039 | INR | 1,715,451 | 2,584,285 | 2.08 |
|  |  |  | 2,234,708 | 6,315,243 | 5.08 |
| Transportation |  |  |  |  |  |
| Adani Ports & Special Economic Zone Ltd | 462,152 | INR | 2,399,348 | 4,375,461 | 3.52 |
|  |  |  | 2,399,348 | 4,375,461 | 3.52 |
|  |  |  |  |  |  |
| Total India |  |  | 72,664,723 | 109,931,958 | 88.42 |
| Japan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Suzuki Motor Corp | 88,300 | JPY | 3,062,313 | 3,739,961 | 3.01 |
|  |  |  | 3,062,313 | 3,739,961 | 3.01 |
|  |  |  |  |  |  |
| Total Japan |  |  | 3,062,313 | 3,739,961 | 3.01 |

| Comgest Growth India |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in USD) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost USD | USD | Assets |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 93,137 | USD | 6,053,243 | 6,450,669 | 5.19 |
|  |  |  | 6,053,243 | 6,450,669 | 5.19 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 6,053,243 | 6,450,669 | 5.19 |
|  |  |  |  |  |  |
| Equity securities |  |  | 81,780,279 | 120,122,588 | 96.62 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 81,780,279 | 120,122,588 | 96.62 |
| Other transferable securities dealt on an other regulated market |  |  |  |  |  |
| Other organised market |  |  |  |  |  |
| Pakistan |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| PAK Suzuki Motor Co Ltd | 806,000 | PKR | 1,333,759 | 1,817,745 | 1.46 |
|  |  | 1,333,759 | 1,817,745 | 1.46 |
|  |  |  |  |  |
| Total Pakistan |  | 1,333,759 | 1,817,745 | 1.46 |
|  |  |  |  |  |
| Equity securities |  | 1,333,759 | 1,817,745 | 1.46 |
|  |  |  |  |  |
| Other transferable securities dealt on an other regulated market |  | 1,333,759 | 1,817,745 | 1.46 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 83,114,038 | 121,940,333 | 98.08 |
| Cash and other net assets |  |  | 	2,386,162	 | 1.92 |
| Total net assets attributable to holders of redeemable participating shares |  |  | 124,326,495 | 100.00 |
|  |  |  |  |  |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 96.41 |
| Other transferable securities dealt on an other regulated market |  |  |  | 1.46 |

| Comgest Growth Latin America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |
| Equity securities |  |  |  |  |  |
| Brazil |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Localiza Rent a Car SA | 90,009 | BRL | 522,907 | 968,058 | 4.27 |
|  |  |  | 522,907 | 968,058 | 4.27 |
| Business houses |  |  |  |  |  |
| Atacadao SA | 147,900 | BRL | 456,625 | 521,943 | 2.30 |
|  |  |  | 456,625 | 521,943 | 2.30 |
| Construction and building material |  |  |  |  |  |
| Duratex SA | 156,582 | BRL | 235,728 | 626,259 | 2.76 |
|  |  |  | 235,728 | 626,259 | 2.76 |
| Consumer goods |  |  |  |  |  |
| Arezzo Industria e Comercio SA | 59,078 | BRL | 433,084 | 938,194 | 4.14 |
|  |  |  | 433,084 | 938,194 | 4.14 |
| Forest products and paper industry |  |  |  |  |  |
| Klabin SA | 241,857 | BRL | 869,130 | 1,070,557 | 4.72 |
|  |  |  | 869,130 | 1,070,557 | 4.72 |
| Holding and finance companies |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 401,908 | BRL | 906,057 | 1,136,025 | 5.01 |
| Itausa SA | 312,500 | BRL | 516,612 | 585,545 | 2.58 |
|  |  |  | 1,422,669 | 1,721,570 | 7.59 |
| Insurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 206,286 | BRL | 776,932 | 800,787 | 3.53 |
| Odontoprev SA | 239,090 | BRL | 578,537 | 523,529 | 2.31 |
|  |  |  | 1,355,469 | 1,324,316 | 5.84 |
| Internet software |  |  |  |  |  |
| TOTVS SA | 151,391 | BRL | 465,607 | 957,856 | 4.22 |
|  |  |  | 465,607 | 957,856 | 4.22 |
| Mechanics and machinery |  |  |  |  |  |
| Mills Estruturas e Servicos de Engenharia SA | 383,700 | BRL | 343,492 | 565,492 | 2.49 |
| WEG SA | 127,254 | BRL | 493,254 | 720,456 | 3.18 |
|  |  |  | 836,746 | 1,285,948 | 5.67 |

| Comgest Growth Latin America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Raia Drogasil SA | 149,100 | BRL | 541,981 | 619,135 | 2.73 |
|  |  |  | 541,981 | 619,135 | 2.73 |
| Public services |  |  |  |  |  |
| Engie Brasil Energia SA | 118,064 | BRL | 752,694 | 776,756 | 3.43 |
|  |  |  | 752,694 | 776,756 | 3.43 |
| Retail |  |  |  |  |  |
| Lojas Renner SA | 115,034 | BRL | 627,424 | 855,024 | 3.77 |
|  |  |  | 627,424 | 855,024 | 3.77 |
| Transportation |  |  |  |  |  |
| CCR SA | 252,378 | BRL | 495,546 | 570,439 | 2.52 |
| Rumo SA | 205,200 | BRL | 698,818 | 660,361 | 2.91 |
|  |  |  | 1,194,364 | 1,230,800 | 5.43 |
|  |  |  |  |  |  |
| Total Brazil |  |  | 9,714,428 | 12,896,416 | 56.87 |
| Cayman Islands |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Pagseguro Digital Ltd | 28,073 | USD | 957,795 | 1,323,756 | 5.84 |
|  |  |  | 957,795 | 1,323,756 | 5.84 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 957,795 | 1,323,756 | 5.84 |
| Chile |  |  |  |  |  |
| Agriculture and fishing |  |  |  |  |  |
| Salmones Camanchaca SA | 51,845 | CLP | 364,240 | 257,072 | 1.13 |
|  |  |  | 364,240 | 257,072 | 1.13 |
| Petrol |  |  |  |  |  |
| Empresas COPEC SA | 83,171 | CLP | 739,360 | 696,198 | 3.07 |
|  |  |  | 739,360 | 696,198 | 3.07 |
| Retail |  |  |  |  |  |
| Falabella SA | 277,633 | CLP | 1,333,739 | 1,050,740 | 4.63 |
|  |  |  | 1,333,739 | 1,050,740 | 4.63 |
|  |  |  |  |  |  |
| Total Chile |  |  | 2,437,339 | 2,004,010 | 8.83 |

| Comgest Growth Latin America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Colombia |  |  |  |  |  |
| Food and distilleries |  |  |  |  |  |
| Grupo Nutresa SA | 79,996 | COP | 599,170 | 395,551 | 1.74 |
|  |  |  | 599,170 | 395,551 | 1.74 |
|  |  |  |  |  |  |
| Total Colombia |  |  | 599,170 | 395,551 | 1.74 |
| Luxembourg |  |  |  |  |  |
| Holding and finance companies |  |  |  |  |  |
| Globant SA | 2,443 | USD | 97,612 | 451,519 | 1.99 |
|  |  |  | 97,612 | 451,519 | 1.99 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 97,612 | 451,519 | 1.99 |
| Mexico |  |  |  |  |  |
| Banks and financial institutions |  |  |  |  |  |
| PLA Administradora Industrial S de RL de CV | 431,166 | MXN | 541,819 | 552,933 | 2.44 |
|  |  |  | 541,819 | 552,933 | 2.44 |
| Holding and finance companies |  |  |  |  |  |
| Bolsa Mexicana de Valores SAB de CV | 263,775 | MXN | 407,627 | 491,539 | 2.17 |
|  |  |  | 407,627 | 491,539 | 2.17 |
| Leisure |  |  |  |  |  |
| Hoteles City Express SAB de CV | 942,953 | MXN | 925,885 | 282,346 | 1.25 |
|  |  |  | 925,885 | 282,346 | 1.25 |
| Retail |  |  |  |  |  |
| Wal-Mart de Mexico SAB de CV | 246,700 | MXN | 543,065 | 680,282 | 3.00 |
|  |  |  | 543,065 | 680,282 | 3.00 |
| Tobacco and spirits |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 99,013 | MXN | 708,553 | 707,046 | 3.12 |
|  |  |  | 708,553 | 707,046 | 3.12 |
|  |  |  |  |  |  |
| Total Mexico |  |  | 3,126,949 | 2,714,146 | 11.98 |

| Comgest Growth Latin America |
| --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2021 |
| (expressed in EUR) |

|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| --- | --- | --- | --- | --- | --- |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| Panama |  |  |  |  |  |
| Retail |  |  |  |  |  |
| InRetail Peru Corp | 13,500 | USD | 379,536 | 398,432 | 1.76 |
|  |  |  | 379,536 | 398,432 | 1.76 |
|  |  |  |  |  |  |
| Total Panama |  |  | 379,536 | 398,432 | 1.76 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| MercadoLibre Inc | 949 | USD | 791,287 | 1,246,600 | 5.50 |
|  |  |  | 791,287 | 1,246,600 | 5.50 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 791,287 | 1,246,600 | 5.50 |
|  |  |  |  |  |  |
| Equity securities |  |  | 18,104,116 | 21,430,430 | 94.51 |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Brazil |  |  |  |  |  |
| Aerospace technology |  |  |  |  |  |
| Embraer SA | 59,232 | USD | 884,803 | 756,196 | 3.32 |
|  |  |  | 884,803 | 756,196 | 3.32 |
| News transmission |  |  |  |  |  |
| Telefonica Brasil SA | 30,860 | USD | 265,238 | 221,190 | 0.98 |
|  |  | 265,238 | 221,190 | 0.98 |
|  |  |  |  |  |
| Total Brazil |  | 1,150,041 | 977,386 | 4.30 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 1,150,041 | 977,386 | 4.30 |
|  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  | 19,254,157 | 22,407,816 | 98.81 |
|  |  |  |  |  |
| Financial assets at fair value through profit or loss |  | 19,254,157 | 22,407,816 | 98.81 |
| Cash and other net assets |  |  |     269,873	 | 1.19 |
| Total net assets attributable to holders of redeemable participating shares |  |  |   22,677,689	 | 100.00 |
|  |  |  |  | % of |
|  |  |  | Total Assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  | 98.61 |

Translation (ENFR, 2021-06-30):
# NOTES AUX ÉTATS FINANCIERS au 30 juin 2021 (suite)
15. État de l’actif net des périodes financières précédentes (suite)
| Comgest Growth Europe ex UK |
| --- |
|  | 30 juin 2021 | 31 décembre 2020 | 31 décembre 2019 |
| Actif net pour le Prospectus et les Actionnaires | 282 913 165 G | 186 297 667 GBP | 135 954 448 GBP |
| Valeur nette d’inventaire par action de Catégorie EUR SI de capitalisation | 1 716,90 EUR | 1 486,45 EUR | 1 323,77 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR SI de distribution 1 | 1 716,90 EUR | 1 486,46 EUR | - |
| Valeur nette d’inventaire par action de Catégorie GBP U de capitalisation | 25,51 GBP | 23,04 GBP | 19,45 GBP |
| Valeur nette d’inventaire par action de Catégorie GBP SU H de capitalisation | 23,59 GBP | 20,38 GBP | 18,12 GBP |
| Valeur nette d’inventaire par action de Catégorie GBP SU de capitalisation | 25,71 GBP | 23,21 GBP | 19,57 GBP |
| Valeur nette d’inventaire par action de Catégorie GBP SU de distribution 2 | 25,71 GBP | 23,21 GBP | - |
| Valeur nette d’inventaire par action de Catégorie GBP Y de capitalisation 3 | 11,11 GBP | 10,02 GBP | - |
| Valeur nette d’inventaire par action de Catégorie GBP Y de distribution 4 | 11,22 GBP | - | - |

1 La Catégorie d’actions EUR SI de distribution de Comgest Growth Europe ex UK a été lancée le 7 janvier 2020.
2 La Catégorie d’actions GBP SU de distribution de Comgest Growth Europe ex UK a été lancée le 20 février 2020.
3 La Catégorie d’actions GBP Y de capitalisation de Comgest Growth Europe ex UK a été lancée le 8 décembre 2020.
4 La Catégorie d’actions GBP Y de distribution de Comgest Growth Europe ex UK a été lancée le 24 mars 2021.
| Comgest Growth Asia |
| --- |
|  | 30 juin 2021 | 31 décembre 2020 | 31 décembre 2019 |
| Actif net pour le Prospectus et les Actionnaires | 309 846 768 USD | 290 912 412 USD | 145 456 743 USD |
| Valeur nette d’inventaire par action de Catégorie EUR de capitalisation 1 | 9,84 EUR | - | - |
| Valeur nette d’inventaire par action de Catégorie EUR I de capitalisation | 71,78 EUR | 74,51 EUR | 57,15 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR Z de capitalisation | 71,70 EUR | 74,45 EUR | 57,13 EUR |
| Valeur nette d’inventaire par action de Catégorie USD de capitalisation | 82,69 USD | 88,78 USD | 62,78 USD |

1 La Catégorie d’actions EUR de capitalisation de Comgest Growth Asia a été lancée le 12 février 2021, intégralement liquidée le 18 mars 2021 et relancée le 20 avril 2021.
| Comgest Growth Asia ex Japan |
| --- |
|  | 30 juin 2021 | 31 décembre 2020 | 31 décembre 2019 |
| Actif net pour le Prospectus et les Actionnaires | 128 522 276 USD | 90 340 049 USD | 61 684 752 USD |
| Valeur nette d’inventaire par action de Catégorie EUR I de capitalisation | 17,23 EUR | 17,02 EUR | 14,54 EUR |
| Valeur nette d’inventaire par action de Catégorie USD I de capitalisation | 20,43 USD | 20,82 USD | 16,32 USD |

| Comgest Growth Asia Pac ex Japan |
| --- |
|  | 30 juin 2021 | 31 décembre 2020 | 31 décembre 2019 |
| Actif net pour le Prospectus et les Actionnaires | 359 860 895 USD | 537 934 449 USD | 492 265 534 USD |
| Valeur nette d’inventaire par action de Catégorie EUR H de capitalisation 1 | 9,57 EUR | - | - |
| Valeur nette d’inventaire par action de Catégorie EUR de distribution | 10,62 EUR | 10,48 EUR | 9,21 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR I de capitalisation | 25,25 EUR | 24,80 EUR | 21,51 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR R de capitalisation | 24,17 EUR | 23,86 EUR | 20,90 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR Z de capitalisation | 25,19 EUR | 24,76 EUR | 21,48 EUR |
| Valeur nette d’inventaire par action de Catégorie USD de capitalisation | 29,22 USD | 29,70 USD | 23,74 USD |
| Valeur nette d’inventaire par action de Catégorie USD de distribution | 12,82 USD | 13,05 USD | 10,55 USD |
| Valeur nette d’inventaire par action de Catégorie USD I de capitalisation | 29,94 USD | 30,35 USD | 24,14 USD |
| Valeur nette d’inventaire par action de Catégorie GBP U de capitalisation | 21,66 GBP | 22,19 GBP | 18,21 GBP |

1 La Catégorie d’actions EUR H de capitalisation de Comgest Growth Asia Pac ex Japan a été lancée le 2 mars 2021.
| Comgest Growth China |
| --- |
|  | 30 juin 2021 | 31 décembre 2020 | 31 décembre 2019 |
| Actif net pour le Prospectus et les Actionnaires | 326 291 483 EUR | 321 880 293 EUR | 301 340 425 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR de capitalisation | 92,79 EUR | 87,89 EUR | 76,49 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR I de capitalisation | 95,93 EUR | 90,76 EUR | 78,78 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR SI de capitalisation | 97,09 EUR | 91,74 EUR | 79,44 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR Z de capitalisation | 95,77 EUR | 90,62 EUR | 78,71 EUR |
| Valeur nette d’inventaire par action de Catégorie USD de capitalisation | 108,27 USD | 105,80 USD | 84,48 USD |
| Valeur nette d’inventaire par action de Catégorie USD I de capitalisation 1 | 113,73 USD | 111,01 USD | 88,43 USD |
| Valeur nette d’inventaire par action de Catégorie GBP U de capitalisation | 82,32 GBP | 81,20 GBP | 66,73 GBP |

1 La Catégorie d’actions USD I de capitalisation de Comgest Growth China a été lancée le 11 septembre 2017 puis intégralement rachetée le 11 mars 2020 et relancée le 17 avril 2020.
- État de l’actif net des périodes financières précédentes (suite)

| Comgest Growth India |
| --- |
|  | 30 juin 2021 | 31 décembre 2020 | 31 décembre 2019 |
| Actif net pour le Prospectus et les Actionnaires | 124 326 495 USD | 115 463 294 USD | 172 607 009 USD |
| Valeur nette d’inventaire par action de Catégorie EUR I de capitalisation | 51,49 EUR | 43,82 EUR | 41,15 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR R de capitalisation | 46,64 EUR | 39,93 EUR | 37,97 EUR |
| Valeur nette d’inventaire par action de Catégorie USD de capitalisation | 58,57 USD | 51,55 USD | 44,64 USD |
| Valeur nette d’inventaire par action de Catégorie USD X de capitalisation | 64,15 USD Comg | 55,97 USD est Growth Latin A | 47,63 USD merica |

30 juin 2021 31 décembre 2020 31 décembre 2019
Actif net pour le Prospectus et les Actionnaires	22 678 674 EUR	20 579 801 EUR	38 933 972 EUR
| Valeur nette d’inventaire par action de Catégorie EUR de capitalisation | 10,61 EUR | 9,71 EUR | 11,95 EUR |
| --- | --- | --- | --- |
| Valeur nette d’inventaire par action de Catégorie EUR I de capitalisation | 10,84 EUR | 9,89 EUR | 12,12 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR R de capitalisation | 9,91 EUR | 9,11 EUR | 11,30 EUR |
| Valeur nette d’inventaire par action de Catégorie EUR Z de capitalisation | 10,82 EUR | 9,88 EUR | 12,11 EUR |
| Valeur nette d’inventaire par action de Catégorie USD de capitalisation | 8,83 USD | 8,35 USD | 9,38 USD |
| Valeur nette d’inventaire par action de Catégorie USD I de capitalisation | 9,20 USD | 8,67 USD | 9,74 USD |

- Portefeuille d’investissements croisésLorsqu’un Compartiment détient un placement dans un autre Compartiment de la Société, cet investissement doit être retranché des comptes consolidés de la Société. Cette mesure n’affecte la VNI par action d’aucun des Compartiments individuels. Au 30 juin 2021, divers Compartiments de Comgest Growth plc avaient investi dans d’autres Compartiments, comme indiqué ci-dessous. La juste valeur de ces investissements au 30 juin 2021 était de 111 634 156 EUR (31 décembre 2020 : 120 218 993 EUR).

% d’actif net	% d’actif net
| Compartiment | Valeur | 30 juin 2021 | 31 décembre 2020 |
| --- | --- | --- | --- |
| Comgest Growth World | Catégorie d’actions USD I de capitalisation de Comgest Growth America Catégorie d’actions USD I de capitalisation de Comgest Growth EAFE | - - | 0,96 % 0,15 % |
| Comgest Growth Emerging Markets | Catégorie d’actions EUR SI de capitalisation de Comgest Growth China | 2,25 % | 1,77 % |
|  | Catégorie d’actions EUR I de capitalisation de Comgest Growth GEM Promising Companies | 0,16 % | 0,15 % |
|  | Catégorie d’actions USD de capitalisation de Comgest Growth India | 0,76 % | 0,53 % |
|  | Catégorie d’actions USD I de capitalisation de Comgest Growth Latin America | 0,17 % | 0,12 % |
| Comgest Growth Europe | Catégorie d’actions EUR I de capitalisation de Comgest Growth Europe Opportunities Catégorie d’actions EUR I de capitalisation de Comgest Growth Europe Smaller Companies | - - | - - |

Aucune commission de gestion n’est prélevée au titre des actifs des Compartiments investis dans des organismes de placement collectif en valeurs mobilières gérés par la Société de gestion ou une société liée.
- Événements importants survenus au cours de la période financièreLes Catégories d’actions suivantes ont été lancées durant la période financière close le 30 juin 2021 :

| Catégorie d’actions | Date de lancement |
| --- | --- |
| Catégorie d’actions EUR Z de capitalisation de Comgest Growth World Plus |  | 6 mai 2021 |
| Catégorie d’actions GBP U de capitalisation de Comgest Growth World Plus |  | 6 mai 2021 |
| Catégorie d’actions USD de capitalisation de Comgest Growth World Plus |  | 6 mai 2021 |
| Catégorie d’actions GBP U de distribution de Comgest Growth World Plus |  | 28 juin 2021 |
| Catégorie d’actions EUR SI de capitalisation de Comgest Growth Japan |  | 3 février 2021 |
| Catégorie d’actions USD Z de capitalisation de Comgest Growth Europe |  | 6 avril 2021 |
| Catégorie d’actions GBP Y de distribution de Comgest Growth Europe ex UK |  | 24 mars 2021 |
| Catégorie d’actions EUR de capitalisation de Comgest Growth Asia |  | 15 février 2021 |
| Catégorie d’actions EUR H de capitalisation de Comgest Growth Asia Pac ex Japan | 2 mars 2021 |

- Événements importants survenus au cours de la période financière (suite)Depuis le début de janvier 2020, les marchés financiers mondiaux ont surveillé et réagi au nouveau coronavirus (2019- nCoV), plus communément appelé COVID-19. Le 11 mars 2020, l’Organisation mondiale de la santé a procédé à l’évaluation pour qualifier la COVID-19 de pandémie.

La Société de gestion a activé son plan de continuité des opérations et continue d’opérer conformément à ce dernier pour s’assurer que ses obligations en matière d’exploitation et de service à la clientèle se poursuivent avec un minimum d’interruption. Des tiers et des fournisseurs de services clés ont également été contactés pour vérifier leurs processus de continuité des opérations et évaluer tout risque potentiel d’interruption de l’activité. Les mesures mises en œuvre jusqu’à présent pour assurer la capacité continue à servir nos portefeuilles semblent être efficaces.
David Raper a démissionné de son poste d’Administrateur et a été remplacé par Gaurish Pinge le 4 février 2021.
À compter du 1er janvier 2021, un nouvel accord relatif aux Honoraires de l’Agent administratif et du Dépositaire est en vigueur, représentant une réduction des honoraires pour les deux parties, tel que détaillé ci-dessous.
L’Agent administratif recevra de la Société des honoraires annuels provisionnés chaque jour et payables mensuellement à terme échu – s’élevant à 0,03 % de la Valeur nette d’inventaire de la Société jusqu’à 7,5 milliards d’euros et à 0,025 % au-delà de 7,5 milliards d’euros – sous réserve d’un minimum convenu entre l’Agent administratif et la Société.
Le montant minimum des honoraires est de 5 000 EUR par Compartiment pour la production des états financiers annuels et semestriels et de 2 500 EUR par Compartiment pour la production des états financiers annuels et semestriels, lorsqu’elle est requise au niveau du compartiment. Les États financiers consolidés annuels et semestriels conformes aux IFRS sont facturés 2 500 EUR par an.
L’Agent administratif a droit à des honoraires mensuels de 225 EUR par Compartiment pour le suivi et l’application du swing pricing.
L’Agent administratif a droit à une rémunération annuelle minimum de 29 000 EUR par Compartiment incluant deux Catégories d’actions. Pour chaque Catégorie d’actions supplémentaire, au-delà de deux par Compartiment, une rémunération de 2 500 EUR par an sera versée et imputée au Compartiment concerné. Ce montant minimum des honoraires augmentera de 29 000 EUR pour chaque Compartiment supplémentaire. La commission annuelle sera facturée au prorata au cas où un Compartiment serait lancé ou cesserait d’être exploité au cours d’une année.
L’Agent administratif a également droit à une Commission pour les services fournis à la Société au titre de la loi FATCA (Foreign Account Tax Compliance Act) et de la Norme commune de déclaration (Common Reporting Standard – CRS). Cette commission s’élève à 1 250 EUR pour la transmission de la déclaration fiscale réglementaire par entité déclarante et par génération de déclaration, et à 1 000 EUR par déclaration fiscale réglementaire, par entité déclarante et par génération de déclaration, et elles sont facturés séparément pour la FATCA et la CRS.
Le Dépositaire sera en droit de recevoir une taxe annuelle de la Société provisionnée quotidiennement et payée tous les mois à terme échu pour un maximum de 0,0065 % pour les premiers 8 milliards d’euros, 0,0060 % pour les 2 milliards d’euros suivants et 0,0055 % pour le reste supérieur à 10 milliards d’euros de la Valeur nette d’inventaire de la Société, sous réserve d’un minimum de 350 EUR par Compartiment et par mois. La Société paie et rembourse au Dépositaire tout débours encouru par celui-ci au nom de la Société. La Société prend également en charge les frais de transaction et de sous-dépositaire (facturés aux tarifs commerciaux normaux).
La Société paiera au Dépositaire sur ses actifs une Commission de conservation annuelle provisionnée quotidiennement et payée mensuellement à terme échu au taux, variant selon les marchés de dépôt entre 0,006 % et 0,65 % (auparavant 0,50 %) de la Valeur nette d’inventaire de la Société, sous réserve d’un minimum de 25 000 EUR par an pour la Société.
Le 19 février 2021, un Addendum au Supplément du Compartiment Comgest Growth Europe ex UK a été approuvé, en vertu duquel une nouvelle Catégorie d’actions, la Catégorie d’actions GBP Y de distribution, a été ajoutée pour les investisseurs.
À compter du 9 mars 2021, un Addendum au Prospectus a été publié afin d’inclure les termes du Règlement sur la publication d’informations en matière de durabilité dans le secteur des services financiers.
Le Compartiment Comgest Growth Emerging Markets Flex a fusionné avec le Compartiment Comgest Growth Global Flex le 31 mai 2021. Par conséquent, le Compartiment Comgest Growth Emerging Markets Flex n’était plus actif après cette date.
- Événements importants après la période financièreLa Valeur nette d’inventaire au 19 août 2021 (18 août 2021 pour Comgest Growth India dû à un jour férié pour le Compartiment), ainsi que les valeurs des souscriptions et des rachats enregistrées pour la période du 1er juillet 2021 au 19 août 2021 sont indiquées ci-dessous.

| Nom du Compartiment | Devise | Valeur nette d’inventaire (VNI) | Valeur des souscriptions | Valeur des rachats |
| --- | --- | --- | --- | --- |
| Comgest Growth World | Dollar US | 1 298 868 760 | 29 266 259 | 14 311 478 |
| Comgest Growth World Plus 2 | Dollar US | 11 239 619 | 31 402 | - |
| Comgest Growth Global Flex | Euro | 77 744 859 | 1 704 400 | 2 264 681 |
| Comgest Growth EAFE | Dollar US | 20 688 987 | - | 75 531 |
| Comgest Growth America | Dollar US | 392 556 376 | 30 059 983 | 6 491 303 |
| Comgest Growth Japan | Yen japonais | 489 859 142 795 | 35 963 686 022 | 29 902 844 241 |
| Comgest Growth Japan Compounders | Yen japonais | 499 256 522 | - | - |
| Comgest Growth Emerging Markets | Dollar US | 3 445 203 313 | 22 835 123 | 110 018 554 |
| Comgest Growth Emerging Markets ex China | Dollar US | 43 527 659 | 179 449 | - |
| Comgest Growth Emerging Markets Plus 1 | Dollar US | 290 937 800 | 8 378 774 | - |
| Comgest Growth GEM Promising Companies | Euro | 21 354 528 | 77 282 | 394 217 |
| Comgest Growth Europe | Euro | 4 709 078 735 | 183 058 326 | 289 696 327 |
| Comgest Growth Europe Compounders | Euro | 5 862 631 | - | - |
| Comgest Growth Europe Plus | Euro | 434 693 314 | 14 867 994 | 285 869 |
| Comgest Growth Europe S | Euro | 68 293 134 | 4 859 520 | 1 185 613 |
| Comgest Growth Europe Opportunities | Euro | 2 027 991 459 | 99 987 969 | 72 979 687 |
| Comgest Growth Europe Smaller Companies | Euro | 1 168 957 313 | 34 126 603 | 29 989 206 |
| Comgest Growth Europe ex Switzerland | Franc suisse | 179 330 332 | 426 956 | 31 448 |
| Comgest Growth Europe ex UK | Livre sterling | 311 927 668 | 17 753 112 | 7 486 335 |
| Comgest Growth Asia | Dollar US | 293 874 690 | 10 878 541 | 7 338 954 |
| Comgest Growth Asia ex Japan | Dollar US | 130 252 450 | 19 244 423 | 1 065 953 |
| Comgest Growth Asia Pac ex Japan | Dollar US | 271 053 711 | 4 016 926 | 53 707 976 |
| Comgest Growth China | Euro | 281 411 575 | 12 664 257 | 5 907 727 |
| Comgest Growth India | Dollar US | 128 965 624 | 387 881 | 753 568 |
| Comgest Growth Latin America | Euro | 21 092 050 | 101 650 | 111 494 |

1 Comgest Growth Emerging Markets Plus a été lancé le 29 janvier 2020.
2 Comgest Growth World Plus a été lancé le 27 novembre 2020.
- Prêt de titresAu cours de la période financière close le 30 juin 2021, la Société n’a pas procédé à des transactions de prêt de titres (période financière close le 31 décembre 2020 : néant).
- Approbation des états financiersLe Conseil d’administration a autorisé la publication des États financiers le 20 août 2021.

| Comgest Growth World |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 1 796 300 | HKD | 33 254 331 | 40 687 034 | 3,18 |
| Tencent Holdings Ltd | 507 675 | HKD | 27 344 445 | 38 177 716 | 2,98 |
|  |  |  | 60 598 776 | 78 864 750 | 6,16 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 1 789 292 | HKD | 52 996 188 | 50 689 176 | 3,96 |
|  |  |  | 52 996 188 | 50 689 176 | 3,96 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 113 594 964 | 129 553 926 | 10,12 |
| Chine |  |  |  |  |  |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 8 764 288 | CNY | 39 715 018 | 49 956 075 | 3,91 |
|  |  |  | 39 715 018 | 49 956 075 | 3,91 |
| Tabac et alcool |  |  |  |  |  |
| Kweichow Moutai Co Ltd - Actions À | 38 078 | CNY | 5 372 225 | 12 120 346 | 0,95 |
|  |  |  | 5 372 225 | 12 120 346 | 0,95 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 45 087 243 | 62 076 421 | 4,86 |
| France |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| L'Oréal SA | 91 845 | EUR | 23 446 526 | 40 931 755 | 3,20 |
|  |  |  | 23 446 526 | 40 931 755 | 3,20 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 30 629 | EUR | 13 752 652 | 24 020 354 | 1,88 |
|  |  |  | 13 752 652 | 24 020 354 | 1,88 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 37 199 178 | 64 952 109 | 5,08 |

| Comgest Growth World |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 53 770 | EUR | 10 833 456 | 13 320 685 | 1,04 |
|  |  |  | 10 833 456 | 13 320 685 | 1,04 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 10 833 456 | 13 320 685 | 1,04 |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 3 201 319 | HKD | 32 462 176 | 39 780 257 | 3,11 |
|  |  |  | 32 462 176 | 39 780 257 | 3,11 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 32 462 176 | 39 780 257 | 3,11 |
| Inde |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 1 400 576 | INR | 34 706 426 | 46 642 001 | 3,65 |
|  |  |  | 34 706 426 | 46 642 001 | 3,65 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 34 706 426 | 46 642 001 | 3,65 |
| Irlande |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Medtronic PLC | 315 233 | USD | 29 855 365 | 39 129 872 | 3,06 |
|  |  |  | 29 855 365 | 39 129 872 | 3,06 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 29 855 365 | 39 129 872 | 3,06 |
| Japon |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 247 300 | JPY | 26 937 392 | 41 398 627 | 3,24 |
|  |  |  | 26 937 392 | 41 398 627 | 3,24 |
| Semi-conducteurs |  |  |  |  |  |
| Hoya Corp | 360 000 | JPY | 29 802 046 | 47 777 274 | 3,74 |
| Keyence Corp | 41 600 | JPY | 15 157 524 | 21 015 513 | 1,64 |
|  |  |  | 44 959 570 | 68 792 787 | 5,38 |

| Comgest Growth World |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Mécanique et machines-outils |  |  |  |  |  |
| Daikin Industries Ltd | 111 500 | JPY | 16 960 731 | 20 785 069 | 1,63 |
|  |  |  | 16 960 731 | 20 785 069 | 1,63 |
| Diffusion d’actualités |  |  |  |  |  |
| Hikari Tsushin Inc | 49 400 | JPY | 9 063 485 | 8 683 610 | 0,68 |
|  |  |  | 9 063 485 | 8 683 610 | 0,68 |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 28 900 | JPY | 15 420 978 | 21 775 897 | 1,70 |
|  |  |  | 15 420 978 | 21 775 897 | 1,70 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 113 342 156 | 161 435 990 | 12,63 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 732 614 | GBP | 26 111 911 | 28 196 259 | 2,20 |
|  |  |  | 26 111 911 | 28 196 259 | 2,20 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 26 111 911 | 28 196 259 | 2,20 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 354 721 | EUR | 22 080 990 | 24 953 767 | 1,95 |
|  |  |  | 22 080 990 | 24 953 767 | 1,95 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 22 080 990 | 24 953 767 | 1,95 |
| Suisse |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 84 094 | CHF | 26 239 036 | 31 709 802 | 2,48 |
|  |  |  | 26 239 036 | 31 709 802 | 2,48 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 26 239 036 | 31 709 802 | 2,48 |
| États-Unis d’Amérique |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Ecolab Inc | 96 255 | USD | 15 790 979 | 19 825 642 | 1,55 |
|  |  |  | 15 790 979 | 19 825 642 | 1,55 |

| Comgest Growth World |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Biens de consommation |  |  |  |  |  |
| Church & Dwight Co Inc | 299 992 | USD | 21 918 062 | 25 565 318 | 2,00 |
|  |  |  | 21 918 062 | 25 565 318 | 2,00 |
| Logiciel Internet |  |  |  |  |  |
| Activision Blizzard Inc | 398 728 | USD | 38 034 158 | 38 054 600 | 2,97 |
| Alphabet Inc – Actions À | 23 727 | USD | 34 012 884 | 57 936 351 | 4,53 |
| Facebook Inc – Actions À | 144 311 | USD | 33 354 083 | 50 178 378 | 3,92 |
| Intuit Inc | 83 783 | USD | 22 607 707 | 41 067 913 | 3,21 |
| Microsoft Corp | 266 449 | USD | 37 526 827 | 72 181 035 | 5,64 |
| Verisk Analytics Inc | 149 631 | USD | 24 620 709 | 26 143 528 | 2,04 |
|  |  |  |   190 156 368	 | 285 561 805	 | 22,31 |
| Autres services |  |  |  |  |  |
| Visa Inc – Actions À | 253 563 | USD | 41 910 037 | 59 288 101 | 4,63 |
|  |  |  | 41 910 037 | 59 288 101 | 4,63 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Becton Dickinson and Co | 93 745 | USD | 21 572 418 | 22 797 847 | 1,78 |
| Eli Lilly & Co | 225 777 | USD | 27 352 318 | 51 820 337 | 4,05 |
| Johnson & Johnson | 184 322 | USD | 25 703 375 | 30 365 206 | 2,38 |
|  |  |  | 74 628 111 | 104 983 390 | 8,21 |
| Commerce de détail |  |  |  |  |  |
| Amazon.com Inc | 5 601 | USD | 19 540 441 | 19 268 336 | 1,51 |
| Costco Wholesale Corp | 59 090 | USD | 21 536 797 | 23 380 140 | 1,83 |
| Walmart Inc | 171 796 | USD | 18 554 687 | 24 226 672 | 1,89 |
|  |  |  | 59 631 925 | 66 875 148 | 5,23 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 404 035 482 | 562 099 404 | 43,93 |
|  |  |  |  |  |  |
| Actions |  |  | 895 548 383 | 1 203 850 493 | 94,11 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 22 541 | USD | 1 851 245 | 1 441 722 | 0,11 |
|  |  |  | 1 851 245 | 1 441 722 | 0,11 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 1 851 245 | 1 441 722 | 0,11 |

| Comgest Growth World |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 507 774 | USD | 28 905 655 | 61 014 125 | 4,77 |
|  |  | 28 905 655 | 61 014 125 | 4,77 |
|  |  |  |  |  |
| Total pour Taïwan |  | 28 905 655 | 61 014 125 | 4,77 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 30 756 900 | 62 455 847 | 4,88 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 926 305 283 | 1 266 306 340 | 98,99 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 926 305 283 | 1 266 306 340 | 98,99 |
| Liquidités et autres actifs nets |  |  | 12 921 623 | 1,01 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 1 279 227 963 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 98,80 |

| Comgest Growth World Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 18 000 | HKD | 339 237 | 407 708 | 3,68 |
| Tencent Holdings Ltd | 4 300 | HKD | 325 112 | 323 365 | 2,92 |
|  |  |  | 664 349 | 731 073 | 6,60 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 15 740 | HKD | 521 698 | 445 901 | 4,02 |
|  |  |  | 521 698 | 445 901 | 4,02 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 1 186 047 | 1 176 974 | 10,62 |
| Chine |  |  |  |  |  |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 78 700 | CNY | 463 706 | 448 587 | 4,05 |
|  |  |  | 463 706 | 448 587 | 4,05 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 463 706 | 448 587 | 4,05 |
| France |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| L’Oréal SA | 743 | EUR | 278 216 | 331 126 | 2,99 |
|  |  |  | 278 216 | 331 126 | 2,99 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 278 | EUR | 172 357 | 218 018 | 1,97 |
|  |  |  | 172 357 | 218 018 | 1,97 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 450 573 | 549 144 | 4,96 |

| Comgest Growth World Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 30 800 | HKD | 356 141 | 382 727 | 3,45 |
|  |  |  | 356 141 | 382 727 | 3,45 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 356 141 | 382 727 | 3,45 |
| Irlande |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Medtronic PLC | 2 575 | USD | 297 541 | 319 635 | 2,88 |
|  |  |  | 297 541 | 319 635 | 2,88 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 297 541 | 319 635 | 2,88 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Shimano Inc | 900 | JPY | 216 305 | 213 668 | 1,93 |
|  |  |  | 216 305 | 213 668 | 1,93 |
| Industrie chimique |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 2 100 | JPY | 342 434 | 351 545 | 3,17 |
|  |  |  | 342 434 | 351 545 | 3,17 |
| Semi-conducteurs |  |  |  |  |  |
| Hoya Corp | 3 100 | JPY | 414 080 | 411 415 | 3,71 |
| Keyence Corp | 400 | JPY | 202 667 | 202 072 | 1,82 |
|  |  |  | 616 747 | 613 487 | 5,53 |
| Mécanique et machines-outils |  |  |  |  |  |
| Daikin Industries Ltd | 1 100 | JPY | 248 658 | 205 054 | 1,85 |
|  |  |  | 248 658 | 205 054 | 1,85 |
| Diffusion d’actualités |  |  |  |  |  |
| Hikari Tsushin Inc | 700 | JPY | 171 744 | 123 047 | 1,11 |
|  |  |  | 171 744 | 123 047 | 1,11 |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 200 | JPY | 161 829 | 150 698 | 1,36 |
|  |  |  | 161 829 | 150 698 | 1,36 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 1 757 717 | 1 657 499 | 14,95 |

| Comgest Growth World Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 9 998 | GBP | 350 789 | 384 795 | 3,47 |
|  |  |  | 350 789 | 384 795 | 3,47 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 350 789 | 384 795 | 3,47 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 2 999 | EUR | 215 978 | 210 972 | 1,90 |
|  |  |  | 215 978 | 210 972 | 1,90 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 215 978 | 210 972 | 1,90 |
| Suisse |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 716 | CHF | 239 944 | 269 986 | 2,44 |
|  |  |  | 239 944 | 269 986 | 2,44 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 239 944 | 269 986 | 2,44 |
| États-Unis d’Amérique |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Ecolab Inc | 840 | USD | 188 867 | 173 015 | 1,56 |
|  |  |  | 188 867 | 173 015 | 1,56 |
| Biens de consommation |  |  |  |  |  |
| Church & Dwight Co Inc | 2 763 | USD | 232 836 | 235 463 | 2,12 |
|  |  |  | 232 836 | 235 463 | 2,12 |
| Logiciel Internet |  |  |  |  |  |
| Activision Blizzard Inc | 3 386 | USD | 322 636 | 323 160 | 2,91 |
| Alphabet Inc – Actions À | 224 | USD | 413 184 | 546 961 | 4,93 |
| Intuit Inc | 1 026 | USD | 369 429 | 502 914 | 4,54 |
| Microsoft Corp | 2 235 | USD | 487 139 | 605 462 | 5,46 |
| Verisk Analytics Inc | 1 291 | USD | 212 982 | 225 564 | 2,04 |
|  |  |  | 1 805 370 | 2 204 061 | 19,88 |
| Autres services |  |  |  |  |  |
| Visa Inc - Actions À | 2 170 | USD | 457 768 | 507 389 | 4,58 |
|  |  |  | 457 768 | 507 389 | 4,58 |

| Comgest Growth World Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Becton Dickinson and Co | 725 | USD | 166 638 | 176 313 | 1,59 |
| Eli Lilly & Co | 2 026 | USD | 308 779 | 465 008 | 4,19 |
| Johnson & Johnson | 1 570 | USD | 229 737 | 258 642 | 2,33 |
|  |  |  | 705 154 | 899 963 | 8,11 |
| Commerce de détail |  |  |  |  |  |
| Amazon.com Inc | 48 | USD | 167 460 | 165 128 | 1,49 |
| Costco Wholesale Corp | 516 | USD | 188 806 | 204 166 | 1,84 |
|  |  |  | 356 266 | 369 294 | 3,33 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 3 746 261 | 4 389 185 | 39,58 |
|  |  |  |  |  |  |
| Actions |  |  | 9 064 697 | 9 789 504 | 88,30 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 205 | USD | 21 404 | 13 111 | 0,12 |
|  |  |  | 21 404 | 13 111 | 0,12 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 21 404 | 13 111 | 0,12 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 4 485 | USD | 450 197 | 538 918 | 4,86 |
|  |  | 450 197 | 538 918 | 4,86 |
|  |  |  |  |  |
| Total pour Taïwan |  | 450 197 | 538 918 | 4,86 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 471 601 | 552 029 | 4,98 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 9 536 298 | 10 341 533 | 93,28 |

| Comgest Growth World Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Autres valeurs mobilières |  |  |  |  |  |
| Bons de souscription |  |  |  |  |  |
| Inde |  |  |  |  |  |
| Banques et établissements financiers |  |  |  |  |  |
| Housing Development Finance Corp Ltd 30/06/2025 | 12 732 | USD | 391 063 | 423 822 | 3,82 |
|  |  | 391 063 | 423 822 | 3,82 |
|  |  |  |  |  |
| Total pour l’Inde |  | 391 063 | 423 822 | 3,82 |
|  |  |  |  |  |
| Bons de souscription |  | 391 063 | 423 822 | 3,82 |
|  |  |  |  |  |
| Autres valeurs mobilières |  | 391 063 | 423 822 | 3,82 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 9 927 361 | 10 765 355 | 97,10 |
| Liquidités et autres actifs nets |  |  | 320 983 | 2,90 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 11 086 338 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 93,06 |
| Autres valeurs mobilières |  |  |  | 3,81 |

| Comgest Growth Global Flex |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 118 720 | HKD | 1 902 684 | 2 267 530 | 2,97 |
| Tencent Holdings Ltd | 35 270 | HKD | 1 684 046 | 2 236 565 | 2,93 |
|  |  |  | 3 586 730 | 4 504 095 | 5,90 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 122 568 | HKD | 3 111 341 | 2 927 945 | 3,84 |
|  |  |  | 3 111 341 | 2 927 945 | 3,84 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 6 698 071 | 7 432 040 | 9,74 |
| Chine |  |  |  |  |  |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 618 441 | CNY | 2 515 445 | 2 972 500 | 3,89 |
|  |  |  | 2 515 445 | 2 972 500 | 3,89 |
| Tabac et alcool |  |  |  |  |  |
| Kweichow Moutai Co Ltd - Actions À | 2 569 | CNY | 342 625 | 689 536 | 0,90 |
|  |  |  | 342 625 | 689 536 | 0,90 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 2 858 070 | 3 662 036 | 4,79 |
| France |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| L’Oréal SA | 6 286 | EUR | 1 387 101 | 2 362 279 | 3,09 |
|  |  |  | 1 387 101 | 2 362 279 | 3,09 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 2 144 | EUR | 850 396 | 1 417 827 | 1,86 |
|  |  |  | 850 396 | 1 417 827 | 1,86 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 2 237 497 | 3 780 106 | 4,95 |

| Comgest Growth Global Flex |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 3 684 | EUR | 643 740 | 769 588 | 1,01 |
|  |  |  | 643 740 | 769 588 | 1,01 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 643 740 | 769 588 | 1,01 |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 213 973 | HKD | 1 901 147 | 2 242 072 | 2,94 |
|  |  |  | 1 901 147 | 2 242 072 | 2,94 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 1 901 147 | 2 242 072 | 2,94 |
| Inde |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 93 574 | INR | 2 004 069 | 2 627 711 | 3,44 |
|  |  |  | 2 004 069 | 2 627 711 | 3,44 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 2 004 069 | 2 627 711 | 3,44 |
| Irlande |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Medtronic PLC | 21 728 | USD | 1 826 007 | 2 274 304 | 2,98 |
|  |  |  | 1 826 007 | 2 274 304 | 2,98 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 1 826 007 | 2 274 304 | 2,98 |
| Japon |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 17 400 | JPY | 1 708 546 | 2 456 196 | 3,22 |
|  |  |  | 1 708 546 | 2 456 196 | 3,22 |
| Semi-conducteurs |  |  |  |  |  |
| Hoya Corp | 25 300 | JPY | 1 873 833 | 2 831 335 | 3,71 |
| Keyence Corp | 2 900 | JPY | 913 399 | 1 235 369 | 1,62 |
|  |  |  | 2 787 232 | 4 066 704 | 5,33 |

| Comgest Growth Global Flex |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Mécanique et machines-outils |  |  |  |  |  |
| Daikin Industries Ltd | 7 600 | JPY | 1 027 193 | 1 194 654 | 1,58 |
|  |  |  | 1 027 193 | 1 194 654 | 1,58 |
| Diffusion d’actualités |  |  |  |  |  |
| Hikari Tsushin Inc | 3 500 | JPY | 595 092 | 518 791 | 0,68 |
|  |  |  | 595 092 | 518 791 | 0,68 |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 2 000 | JPY | 911 911 | 1 270 750 | 1,66 |
|  |  |  | 911 911 | 1 270 750 | 1,66 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 7 029 974 | 9 507 095 | 12,47 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 51 464 | GBP | 1 518 239 | 1 670 213 | 2,19 |
|  |  |  | 1 518 239 | 1 670 213 | 2,19 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 1 518 239 | 1 670 213 | 2,19 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 24 496 | EUR | 1 389 878 | 1 453 103 | 1,90 |
|  |  |  | 1 389 878 | 1 453 103 | 1,90 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 1 389 878 | 1 453 103 | 1,90 |
| Suisse |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 5 934 | CHF | 1 650 840 | 1 886 809 | 2,47 |
|  |  |  | 1 650 840 | 1 886 809 | 2,47 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 1 650 840 | 1 886 809 | 2,47 |

| Comgest Growth Global Flex |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| États-Unis d’Amérique |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Ecolab Inc | 6 555 | USD | 941 604 | 1 138 488 | 1,49 |
|  |  |  | 941 604 | 1 138 488 | 1,49 |
| Biens de consommation |  |  |  |  |  |
| Church & Dwight Co Inc | 21 115 | USD | 1 323 802 | 1 517 346 | 1,99 |
|  |  |  | 1 323 802 | 1 517 346 | 1,99 |
| Logiciel Internet |  |  |  |  |  |
| Activision Blizzard Inc | 28 241 | USD | 2 253 095 | 2 272 806 | 2,98 |
|  |  |  | 2 253 095 | 2 272 806 | 2,98 |
| Logiciel Internet |  |  |  |  |  |
| Alphabet Inc – Actions À | 1 671 | USD | 2 128 144 | 3 440 620 | 4,51 |
| Facebook Inc – Actions À | 10 166 | USD | 2 054 090 | 2 980 707 | 3,90 |
| Intuit Inc | 5 634 | USD | 1 352 164 | 2 328 711 | 3,05 |
| Microsoft Corp | 18 380 | USD | 2 355 882 | 4 198 619 | 5,50 |
| Verisk Analytics Inc | 10 423 | USD | 1 426 056 | 1 535 632 | 2,01 |
|  |  |  | 9 316 336 | 14 484 289 | 18,97 |
| Autres services |  |  |  |  |  |
| Visa Inc – Actions À | 17 863 | USD | 2 650 945 | 3 521 989 | 4,61 |
|  |  |  | 2 650 945 | 3 521 989 | 4,61 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Becton Dickinson and Co | 6 263 | USD | 1 318 907 | 1 284 340 | 1,68 |
| Eli Lilly & Co | 15 505 | USD | 1 639 481 | 3 000 850 | 3,93 |
| Johnson & Johnson | 13 006 | USD | 1 591 270 | 1 806 736 | 2,37 |
|  |  |  | 4 549 658 | 6 091 926 | 7,98 |
| Commerce de détail |  |  |  |  |  |
| Amazon.com Inc | 394 | USD | 1 151 033 | 1 142 949 | 1,50 |
| Costco Wholesale Corp | 4 256 | USD | 1 303 447 | 1 419 995 | 1,86 |
| Walmart Inc | 12 122 | USD | 1 171 128 | 1 441 474 | 1,89 |
|  |  |  | 3 625 608 | 4 004 418 | 5,25 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 24 661 048 | 33 031 262 | 43,27 |
|  |  |  |  |  |  |
| Actions |  |  | 54 418 580 | 70 336 339 | 92,15 |

| Comgest Growth Global Flex |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 1 576 | USD | 114 417 | 84 999 | 0,11 |
|  |  |  | 114 417 | 84 999 | 0,11 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 114 417 | 84 999 | 0,11 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 35 104 | USD | 1 782 574 | 3 556 874 | 4,66 |
|  |  | 1 782 574 | 3 556 874 | 4,66 |
|  |  |  |  |  |
| Total pour Taïwan |  | 1 782 574 | 3 556 874 | 4,66 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 1 896 991 | 3 641 873 | 4,77 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 56 315 571 | 73 978 212 | 96,92 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 56 315 571 | 73 978 212 | 96,92 |
| Total des instruments financiers dérivés (Note 6) |  |  | (1 149 160) | (1,51) |
| Liquidités et autres actifs nets |  |  | 3 505 683 | 4,59 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 76 334 735 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 92,99 |
| Instruments dérivés |  |  |  | 0,30 |

| Comgest Growth EAFE |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 40 890 | HKD | 605 307 | 926 178 | 4,44 |
| Tencent Holdings Ltd | 10 324 | HKD | 542 220 | 776 376 | 3,72 |
|  |  |  | 1 147 527 | 1 702 554 | 8,16 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 32 900 | HKD | 972 697 | 932 030 | 4,46 |
|  |  |  | 972 697 | 932 030 | 4,46 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 2 120 224 | 2 634 584 | 12,62 |
| Chine |  |  |  |  |  |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 166 116 | CNY | 717 965 | 946 854 | 4,54 |
|  |  |  | 717 965 | 946 854 | 4,54 |
| Tabac et alcool |  |  |  |  |  |
| Kweichow Moutai Co Ltd - Actions À | 755 | CNY | 83 551 | 240 319 | 1,15 |
|  |  |  | 83 551 | 240 319 | 1,15 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 801 516 | 1 187 173 | 5,69 |
| Danemark |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Novo Nordisk A/S - Actions B | 11 172 | DKK | 736 638 | 936 087 | 4,48 |
|  |  |  | 736 638 | 936 087 | 4,48 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 736 638 | 936 087 | 4,48 |

| Comgest Growth EAFE |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| France |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Dassault Systèmes SE | 1 039 | EUR | 244 380 | 251 975 | 1,21 |
|  |  |  | 244 380 | 251 975 | 1,21 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 3 399 | EUR | 489 189 | 627 365 | 3,01 |
| L’Oréal SA | 1 579 | EUR | 340 829 | 703 699 | 3,37 |
|  |  |  | 830 018 | 1 331 064 | 6,38 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 651 | EUR | 297 303 | 510 537 | 2,45 |
|  |  |  | 297 303 | 510 537 | 2,45 |
| Tabac et alcool |  |  |  |  |  |
| Pernod Ricard SA | 3 763 | EUR | 676 341 | 835 388 | 4,00 |
|  |  |  | 676 341 | 835 388 | 4,00 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 2 048 042 | 2 928 964 | 14,04 |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 1 429 | EUR | 313 421 | 354 013 | 1,70 |
|  |  |  | 313 421 | 354 013 | 1,70 |
| Logiciel Internet |  |  |  |  |  |
| SAP SE | 2 916 | EUR | 344 019 | 410 959 | 1,97 |
|  |  |  | 344 019 | 410 959 | 1,97 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 657 440 | 764 972 | 3,67 |
| Grande-Bretagne |  |  |  |  |  |
| Alimentation et distilleries |  |  |  |  |  |
| Unilever PLC | 7 015 | GBP | 389 244 | 409 972 | 1,96 |
|  |  |  | 389 244 | 409 972 | 1,96 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 389 244 | 409 972 | 1,96 |

| Comgest Growth EAFE |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 66 455 | HKD | 694 042 | 825 784 | 3,96 |
|  |  |  | 694 042 | 825 784 | 3,96 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 694 042 | 825 784 | 3,96 |
| Inde |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 28 558 | INR | 706 103 | 951 039 | 4,56 |
|  |  |  | 706 103 | 951 039 | 4,56 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 706 103 | 951 039 | 4,56 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Shimano Inc | 2 000 | JPY | 471 502 | 474 818 | 2,27 |
|  |  |  | 471 502 | 474 818 | 2,27 |
| Industrie chimique |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 4 700 | JPY | 527 564 | 786 792 | 3,77 |
|  |  |  | 527 564 | 786 792 | 3,77 |
| Semi-conducteurs |  |  |  |  |  |
| Hoya Corp | 6 700 | JPY | 549 759 | 889 188 | 4,26 |
| Keyence Corp | 900 | JPY | 307 130 | 454 663 | 2,18 |
| Sony Group Corp | 4 700 | JPY | 484 804 | 457 974 | 2,19 |
|  |  |  | 1 341 693 | 1 801 825 | 8,63 |
| Équipements électroniques et électriques |  |  |  |  |  |
| Hamamatsu Photonics KK | 5 300 | JPY | 202 829 | 319 939 | 1,53 |
|  |  |  | 202 829 | 319 939 | 1,53 |
| Arts graphiques et édition |  |  |  |  |  |
| Recruit Holdings Co Ltd | 4 800 | JPY | 241 091 | 236 562 | 1,13 |
|  |  |  | 241 091 | 236 562 | 1,13 |
| Mécanique et machines-outils |  |  |  |  |  |
| Daifuku Co Ltd | 4 800 | JPY | 411 368 | 436 364 | 2,09 |
| Daikin Industries Ltd | 2 800 | JPY | 382 442 | 521 957 | 2,50 |
|  |  |  | 793 810 | 958 321 | 4,59 |

| Comgest Growth EAFE |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Diffusion d’actualités |  |  |  |  |  |
| Hikari Tsushin Inc | 1 200 | JPY | 206 063 | 210 937 | 1,01 |
|  |  |  | 206 063 | 210 937 | 1,01 |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 600 | JPY | 262 486 | 452 095 | 2,17 |
|  |  |  | 262 486 | 452 095 | 2,17 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 4 047 038 | 5 241 289 | 25,10 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 20 960 | GBP | 612 376 | 806 692 | 3,86 |
|  |  |  | 612 376 | 806 692 | 3,86 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 612 376 | 806 692 | 3,86 |
| Pays-Bas |  |  |  |  |  |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 93 | EUR | 211 591 | 227 249 | 1,09 |
|  |  |  | 211 591 | 227 249 | 1,09 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 348 | EUR | 238 219 | 239 114 | 1,15 |
|  |  |  | 238 219 | 239 114 | 1,15 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 449 810 | 466 363 | 2,24 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 8 078 | EUR | 514 668 | 568 268 | 2,72 |
|  |  |  | 514 668 | 568 268 | 2,72 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 514 668 | 568 268 | 2,72 |

| Comgest Growth EAFE |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Suisse |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 1 912 | CHF | 583 593 | 720 969 | 3,45 |
| Straumann Holding AG | 406 | CHF | 373 443 | 647 860 | 3,10 |
|  |  |  | 957 036 | 1 368 829 | 6,55 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 957 036 | 1 368 829 | 6,55 |
|  |  |  |  |  |  |
| Actions |  |  | 14 734 177 | 19 090 016 | 91,45 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 640 | USD | 55 530 | 40 933 | 0,20 |
|  |  |  | 55 530 | 40 933 | 0,20 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 55 530 | 40 933 | 0,20 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 9 577 | USD | 547 736 | 1 150 772 | 5,51 |
|  |  | 547 736 | 1 150 772 | 5,51 |
|  |  |  |  |  |
| Total pour Taïwan |  | 547 736 | 1 150 772 | 5,51 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 603 266 | 1 191 705 | 5,71 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 15 337 443 | 20 281 721 | 97,16 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 15 337 443 | 20 281 721 | 97,16 |
| Liquidités et autres actifs nets |  |  | 593 775	 | 2,84 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 20 875 496 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 96,99 |

| Comgest Growth America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Irlande |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Medtronic PLC | 83 500 | USD | 7 774 698 | 10 364 855 | 2,98 |
|  |  |  | 7 774 698 | 10 364 855 | 2,98 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 7 774 698 | 10 364 855 | 2,98 |
| États-Unis d’Amérique |  |  |  |  |  |
| Biotechnologie |  |  |  |  |  |
| BioMarin Pharmaceutical Inc | 66 400 | USD | 5 588 687 | 5 540 416 | 1,59 |
|  |  |  | 5 588 687 | 5 540 416 | 1,59 |
| Construction et matériaux de construction |  |  |  |  |  |
| Trex Co Inc | 19 000 | USD | 1 300 701 | 1 941 990 | 0,56 |
|  |  |  | 1 300 701 | 1 941 990 | 0,56 |
| Semi-conducteurs |  |  |  |  |  |
| Analog Devices Inc | 40 000 | USD | 4 655 253 | 6 886 400 | 1,98 |
|  |  |  | 4 655 253 | 6 886 400 | 1,98 |
| Arts graphiques et édition |  |  |  |  |  |
| Comcast Corp - Actions À | 268 700 | USD | 10 738 881 | 15 321 274 | 4,40 |
| New York Times Co/The | 89 792 | USD | 4 168 990 | 3 910 442 | 1,12 |
|  |  |  | 14 907 871 | 19 231 716 | 5,52 |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Service Corp International/US | 153 500 | USD | 7 652 444 | 8 226 065 | 2,36 |
|  |  |  | 7 652 444 | 8 226 065 | 2,36 |
| Sociétés holdings et financières |  |  |  |  |  |
| Equifax Inc | 54 400 | USD | 10 088 302 | 13 029 344 | 3,74 |
| Vulcan Materials Co | 13 200 | USD | 2 478 253 | 2 297 724 | 0,66 |
|  |  |  | 12 566 555 | 15 327 068 | 4,40 |

| Comgest Growth America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Logiciel Internet |  |  |  |  |  |
| Activision Blizzard Inc | 159 900 | USD | 10 376 269 | 15 260 856 | 4,38 |
| Alphabet Inc – Actions À | 2 970 | USD | 4 158 563 | 7 252 116 | 2,08 |
| Facebook Inc – Actions À | 50 800 | USD | 11 165 883 | 17 663 668 | 5,07 |
| Intuit Inc | 39 900 | USD | 9 639 989 | 19 557 783 | 5,61 |
| Microsoft Corp | 108 400 | USD | 11 011 004 | 29 365 560 | 8,43 |
| Oracle Corp | 270 000 | USD | 14 025 036 | 21 016 800 | 6,03 |
| Paychex Inc | 33 000 | USD | 2 112 596 | 3 540 900 | 1,02 |
| Paycom Software Inc | 5 000 | USD | 1 626 045 | 1 817 349 | 0,52 |
| ROBLOX Corp | 23 132 | USD | 1 498 186 | 2 081 417 | 0,60 |
| Tyler Technologies Inc | 7 550 | USD | 2 416 027 | 3 415 394 | 0,98 |
| Verisk Analytics Inc | 22 437 | USD | 2 202 998 | 3 920 193 | 1,13 |
|  |  |  | 	70 232 596  | 124 892 036	 | 35,85 |
| Mécanique et machines-outils |  |  |  |  |  |
| OTIS Worldwide Corp | 111 200 | USD | 6 463 251 | 9 092 824 | 2,61 |
|  |  |  | 6 463 251 | 9 092 824 | 2,61 |
| Matériel de bureau et ordinateurs |  |  |  |  |  |
| Apple Inc | 154 400 | USD | 9 768 753 | 21 146 624 | 6,07 |
| Avery Dennison Corp | 70 500 | USD | 8 038 610 | 14 821 920 | 4,25 |
| Cisco Systems Inc | 123 100 | USD | 5 146 699 | 6 524 300 | 1,87 |
| Visa Inc – Actions À | 59 700 | USD | 7 912 593 | 13 959 054 | 4,01 |
|  |  |  | 	30 866 655	 | 56 451 898	 | 16,20 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Becton Dickinson and Co | 22 000 | USD | 4 468 575 | 5 350 180 | 1,54 |
| Eli Lilly & Co | 68 900 | USD | 8 200 447 | 15 813 928 | 4,54 |
| Estée Lauder Cos Inc | 25 000 | USD | 4 261 614 | 7 952 000 | 2,29 |
| Johnson & Johnson | 66 500 | USD | 8 215 496 | 10 955 210 | 3,14 |
|  |  |  | 	25 146 132	 | 40 071 318	 | 11,51 |
| Services publics |  |  |  |  |  |
| CMS Energy Corp | 159 500 | USD | 8 899 285 | 9 423 260 | 2,71 |
|  |  |  | 8 899 285 | 9 423 260 | 2,71 |
| Commerce de détail |  |  |  |  |  |
| Amazon.com Inc | 5 140 | USD | 9 918 120 | 17 682 422 | 5,08 |
| Costco Wholesale Corp | 27 501 | USD | 8 814 565 | 10 881 321 | 3,12 |
| Walmart Inc | 27 000 | USD | 2 599 859 | 3 807 540 | 1,09 |
|  |  |  | 21 332 544 | 32 371 283 | 9,29 |
| Transports |  |  |  |  |  |
| JB Hunt Transport Services Inc | 37 000 | USD | 5 563 873 | 6 029 150 | 1,73 |
|  |  |  | 5 563 873 | 6 029 150 | 1,73 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  |   215 175 847  | 335 485 424	 | 96,31 |

| Comgest Growth America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Actions |  | 222 950 545 | 345 850 279 | 99,29 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 222 950 545 | 345 850 279 | 99,29 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 222 950 545 | 345 850 279 | 99,29 |
| Total des instruments financiers dérivés (Note 6) |  |  | (297 173) | (0,09) |
| Liquidités et autres actifs nets |  |  | 	2 794 011	 | 0,80 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 348 347 117 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 99,06 |

| Comgest Growth Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en JPY) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition JPY | Juste valeur JPY | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Shimano Inc | 388 400 | JPY | 8 516 660 589 | 10 234 340 000 | 2,03 |
| Suzuki Motor Corp | 3 066 300 | JPY | 14 178 987 484 | 14 414 676 300 | 2,86 |
|  |  |  | 22 695 648 073 | 24 649 016 300 | 4,89 |
| Industrie chimique |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 732 800 | JPY | 7 511 179 050 | 13 615 424 000 | 2,70 |
|  |  |  | 7 511 179 050 | 13 615 424 000 | 2,70 |
| Construction et matériaux de construction |  |  |  |  |  |
| MonotaRO Co Ltd | 3 771 000 | JPY | 4 439 433 100 | 9 917 730 000 | 1,97 |
|  |  |  | 4 439 433 100 | 9 917 730 000 | 1,97 |
| Biens de consommation |  |  |  |  |  |
| Pigeon Corp | 2 827 200 | JPY | 12 197 988 977 | 8 849 136 000 | 1,75 |
| Yamaha Corp | 1 499 300 | JPY | 8 205 852 098 | 9 040 779 000 | 1,79 |
|  |  |  | 20 403 841 075 | 17 889 915 000 | 3,54 |
| Semi-conducteurs |  |  |  |  |  |
| Hoya Corp | 512 600 | JPY | 4 347 035 414 | 7 550 598 000 | 1,50 |
| Keyence Corp | 231 160 | JPY | 6 889 726 763 | 12 961 141 200 | 2,57 |
| Lasertec Corp | 393 500 | JPY | 7 193 754 364 | 8 495 665 000 | 1,69 |
| Murata Manufacturing Co Ltd | 1 732 800 | JPY | 11 372 615 369 | 14 697 609 600 | 2,91 |
| Nidec Corp | 1 218 000 | JPY | 8 772 391 168 | 15 681 750 000 | 3,11 |
| Sony Group Corp | 704 200 | JPY | 8 188 309 224 | 7 615 923 000 | 1,51 |
|  |  |  | 46 763 832 302 | 67 002 686 800 | 13,29 |
| Équipements électroniques et électriques |  |  |  |  |  |
| FANUC Corp | 706 000 | JPY | 15 525 391 683 | 18 917 270 000 | 3,75 |
| Hamamatsu Photonics KK | 1 835 000 | JPY | 7 693 873 741 | 12 294 500 000 | 2,44 |
|  |  |  | 23 219 265 424 | 31 211 770 000 | 6,19 |
| Arts graphiques et édition |  |  |  |  |  |
| Recruit Holdings Co Ltd | 2 406 900 | JPY | 8 797 403 731 | 13 165 743 000 | 2,61 |
|  |  |  | 8 797 403 731 | 13 165 743 000 | 2,61 |
| Sociétés holdings et financières |  |  |  |  |  |
| ORIX Corp | 7 341 100 | JPY | 12 496 973 277 | 13 760 891 950 | 2,73 |
|  |  |  | 12 496 973 277 | 13 760 891 950 | 2,73 |

| Comgest Growth Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en JPY) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition JPY | Juste valeur JPY | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Assurance |  |  |  |  |  |
| Dai-ichi Life Holdings Inc | 5 908 300 | JPY | 10 554 476 143 | 12 017 482 200 | 2,38 |
|  |  |  | 10 554 476 143 | 12 017 482 200 | 2,38 |
| Logiciel Internet |  |  |  |  |  |
| CyberAgent Inc | 7 912 800 | JPY | 10 472 791 499 | 18 872 028 000 | 3,74 |
| GMO Payment Gateway Inc | 597 400 | JPY | 3 608 169 173 | 8 644 378 000 | 1,72 |
| M3 Inc | 1 518 200 | JPY | 3 453 101 899 | 12 317 156 600 | 2,44 |
| Obic Co Ltd | 389 700 | JPY | 4 085 503 077 | 8 070 687 000 | 1,60 |
| SoftBank Group Corp | 1 804 000 | JPY | 10 431 486 273 | 14 026 100 000 | 2,78 |
|  |  |  |  32 051 051 921  | 61 930 349 600	 | 12,28 |
| Loisirs |  |  |  |  |  |
| Food & Life Cos Ltd | 3 794 900 | JPY | 7 733 208 440 | 18 196 545 500 | 3,61 |
| Oriental Land Co Ltd | 646 300 | JPY | 9 258 885 184 | 10 230 929 000 | 2,03 |
|  |  |  | 16 992 093 624 | 28 427 474 500 | 5,64 |
| Mécanique et machines-outils |  |  |  |  |  |
| Daifuku Co Ltd | 1 705 700 | JPY | 10 117 802 569 | 17 210 513 000 | 3,41 |
| Daikin Industries Ltd | 801 000 | JPY | 13 018 481 177 | 16 572 690 000 | 3,29 |
|  |  |  | 23 136 283 746 | 33 783 203 000 | 6,70 |
| Diffusion d’actualités |  |  |  |  |  |
| Hikari Tsushin Inc | 247 700 | JPY | 5 087 549 688 | 4 832 627 000 | 0,96 |
|  |  |  | 5 087 549 688 | 4 832 627 000 | 0,96 |
| Métaux non ferreux |  |  |  |  |  |
| Sumitomo Metal Mining Co Ltd | 1 437 000 | JPY | 6 939 820 656 | 6 215 025 000 | 1,23 |
|  |  |  | 6 939 820 656 | 6 215 025 000 | 1,23 |
| Autres services |  |  |  |  |  |
| Nihon M&A Center Inc | 4 266 200 | JPY | 7 913 272 926 | 12 290 922 200 | 2,44 |
|  |  |  | 7 913 272 926 | 12 290 922 200 | 2,44 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Asahi Intecc Co Ltd | 2 861 100 | JPY | 6 658 152 679 | 7 599 081 600 | 1,51 |
| Chugai Pharmaceutical Co Ltd | 2 271 800 | JPY | 9 697 160 771 | 10 000 463 600 | 1,98 |
| Kobayashi Pharmaceutical Co Ltd | 999 600 | JPY | 9 248 564 989 | 9 486 204 000 | 1,88 |
| Kose Corp | 1 027 400 | JPY | 15 616 822 015 | 17 958 952 000 | 3,56 |
| PeptiDream Inc | 1 539 200 | JPY | 7 530 172 800 | 8 388 640 000 | 1,66 |
| Sysmex Corp | 1 620 400 | JPY | 12 231 235 920 | 21 389 280 000 | 4,24 |
|  |  |  | 60 982 109 174 | 74 822 621 200 | 14,83 |
| Services publics |  |  |  |  |  |
| RENOVA Inc | 1 281 900 | JPY | 4 695 324 536 | 5 608 312 500 | 1,11 |
|  |  |  | 4 695 324 536 | 5 608 312 500 | 1,11 |

| Comgest Growth Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en JPY) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition JPY | Juste valeur JPY | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 175 400 | JPY | 8 703 926 505 | 14 668 702 000 | 2,91 |
| Kobe Bussan Co Ltd | 3 756 900 | JPY | 9 434 681 869 | 13 149 150 000 | 2,61 |
| Nitori Holdings Co Ltd | 494 400 | JPY | 7 951 128 724 | 9 719 904 000 | 1,93 |
| Pan Pacific International Holdings Corp | 5 026 000 | JPY | 8 059 879 523 | 11 589 956 000 | 2,30 |
| Workman Co Ltd | 680 200 | JPY | 5 237 421 527 | 5 291 956 000 | 1,05 |
|  |  |  | 39 387 038 148 | 54 419 668 000 | 10,80 |
| Transports |  |  |  |  |  |
| Japan Airport Terminal Co Ltd | 2 176 000 | JPY | 10 796 029 184 | 10 858 240 000 | 2,15 |
|  |  | 10 796 029 184 | 10 858 240 000 | 2,15 |
|  |  |  |  |  |
| Total pour le Japon |  | 364 862 625 778 | 496 419 102 250 | 98,44 |
|  |  |  |  |  |
| Actions |  | 364 862 625 778 | 496 419 102 250 | 98,44 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 364 862 625 778 | 496 419 102 250 | 98,44 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 364 862 625 778 | 496 419 102 250 | 98,44 |
| Total des instruments financiers dérivés (Note 6) |  |  | (453 590 230) | (0,09) |
| Liquidités et autres actifs nets |  |  |   8 334 732 318	 | 1,65 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 504 300 244 338 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 98,05 |
| Instruments dérivés |  |  |  | 0,03 |

| Comgest Growth Japan Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en JPY) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition JPY | Juste valeur JPY | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Shimano Inc | 200 | JPY | 4 246 546 | 5 270 000 | 1,01 |
|  |  |  | 4 246 546 | 5 270 000 | 1,01 |
| Industrie chimique |  |  |  |  |  |
| Asahi Kasei Corp | 6 900 | JPY | 4 505 441 | 8 421 450 | 1,61 |
| Shin-Etsu Chemical Co Ltd | 700 | JPY | 8 265 979 | 13 006 000 | 2,49 |
|  |  |  | 12 771 420 | 21 427 450 | 4,10 |
| Biens de consommation |  |  |  |  |  |
| Unicharm Corp | 1 700 | JPY | 6 276 782 | 7 599 000 | 1,45 |
|  |  |  | 6 276 782 | 7 599 000 | 1,45 |
| Semi-conducteurs |  |  |  |  |  |
| Advantest Corp | 1 600 | JPY | 7 681 259 | 16 016 000 | 3,07 |
| Anritsu Corp | 2 500 | JPY | 4 523 156 | 5 177 500 | 0,99 |
| Disco Corp | 200 | JPY | 6 293 774 | 6 790 000 | 1,30 |
| Hoya Corp | 800 | JPY | 8 198 459 | 11 784 000 | 2,26 |
| Ibiden Co Ltd | 1 400 | JPY | 4 202 520 | 8 386 000 | 1,61 |
| Keyence Corp | 200 | JPY | 7 707 311 | 11 214 000 | 2,15 |
| Lasertec Corp | 700 | JPY | 5 519 309 | 15 113 000 | 2,89 |
| Murata Manufacturing Co Ltd | 1 200 | JPY | 5 750 124 | 10 178 400 | 1,95 |
| Nidec Corp | 1 200 | JPY | 8 985 123 | 15 450 000 | 2,96 |
| Nintendo Co Ltd | 200 | JPY | 8 629 587 | 12 924 000 | 2,47 |
| Renesas Electronics Corp | 6 500 | JPY | 7 881 984 | 7 806 500 | 1,49 |
| Rohm Co Ltd | 900 | JPY | 7 777 333 | 9 243 000 | 1,77 |
| Shimadzu Corp | 1 800 | JPY | 7 832 195 | 7 731 000 | 1,48 |
| Sony Group Corp | 800 | JPY | 6 044 240 | 8 652 000 | 1,66 |
| TDK Corp | 600 | JPY | 4 391 008 | 8 094 000 | 1,55 |
| Tokyo Electron Ltd | 200 | JPY | 3 801 032 | 9 616 000 | 1,84 |
| Yaskawa Electric Corp | 2 300 | JPY | 7 614 206 | 12 489 000 | 2,39 |
|  |  |  | 112 832 620 | 176 664 400 | 33,83 |
| Équipements électroniques et électriques |  |  |  |  |  |
| FANUC Corp | 400 | JPY | 7 004 938 | 10 718 000 | 2,05 |
| Makita Corp | 1 300 | JPY | 7 061 117 | 6 799 000 | 1,30 |
|  |  |  | 14 066 055 | 17 517 000 | 3,35 |

| Comgest Growth Japan Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en JPY) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition JPY | Juste valeur JPY | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Arts graphiques et édition |  |  |  |  |  |
| Recruit Holdings Co Ltd | 1 500 | JPY | 6 135 749 | 8 205 000 | 1,57 |
|  |  |  | 6 135 749 | 8 205 000 | 1,57 |
| Sociétés holdings et financières |  |  |  |  |  |
| Daiichi Sankyo Co Ltd | 2 100 | JPY | 4 132 439 | 5 028 450 | 0,96 |
| FUJIFILM Holdings Corp | 1 100 | JPY | 5 039 111 | 9 062 900 | 1,74 |
| Kikkoman Corp | 1 300 | JPY | 5 109 532 | 9 529 000 | 1,82 |
| ORIX Corp | 5 300 | JPY | 9 330 368 | 9 934 850 | 1,90 |
|  |  |  | 23 611 450 | 33 555 200 | 6,42 |
| Assurance |  |  |  |  |  |
| Dai-ichi Life Holdings Inc | 3 500 | JPY | 6 333 849 | 7 119 000 | 1,36 |
|  |  |  | 6 333 849 | 7 119 000 | 1,36 |
| Logiciel Internet |  |  |  |  |  |
| BASE Inc | 3 000 | JPY | 7 246 345 | 5 067 000 | 0,97 |
| CyberAgent Inc | 6 800 | JPY | 6 411 923 | 16 218 000 | 3,10 |
| M3 Inc | 1 900 | JPY | 5 333 759 | 15 414 700 | 2,95 |
| Nexon Co Ltd | 3 900 | JPY | 6 195 678 | 9 656 400 | 1,85 |
| Z Holdings Corp | 14 200 | JPY | 6 426 327 | 7 906 560 | 1,51 |
|  |  |  | 31 614 032 | 54 262 660 | 10,38 |
| Loisirs |  |  |  |  |  |
| Food & Life Cos Ltd | 2 800 | JPY | 4 301 963 | 13 426 000 | 2,57 |
| Oriental Land Co Ltd | 400 | JPY | 5 943 783 | 6 332 000 | 1,21 |
|  |  |  | 10 245 746 | 19 758 000 | 3,78 |
| Mécanique et machines-outils |  |  |  |  |  |
| Daifuku Co Ltd | 1 300 | JPY | 8 792 289 | 13 117 000 | 2,51 |
| Daikin Industries Ltd | 500 | JPY | 7 536 259 | 10 345 000 | 1,98 |
| SMC Corp | 200 | JPY | 8 178 695 | 13 130 000 | 2,51 |
|  |  |  | 24 507 243 | 36 592 000 | 7,00 |
| Diffusion d’actualités |  |  |  |  |  |
| KDDI Corp | 2 000 | JPY | 6 493 947 | 6 930 000 | 1,33 |
|  |  |  | 6 493 947 | 6 930 000 | 1,33 |
| Autres services |  |  |  |  |  |
| Secom Co Ltd | 900 | JPY | 8 751 124 | 7 599 600 | 1,45 |
|  |  |  | 8 751 124 | 7 599 600 | 1,45 |
| Pétrole |  |  |  |  |  |
| Nippon Gas Co Ltd | 3 100 | JPY | 5 539 620 | 5 852 800 | 1,12 |
|  |  |  | 5 539 620 | 5 852 800 | 1,12 |

| Comgest Growth Japan Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en JPY) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition JPY | Juste valeur JPY | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Chugai Pharmaceutical Co Ltd | 1 800 | JPY | 7 183 646 | 7 923 600 | 1,52 |
| Fancl Corp | 2 600 | JPY | 6 451 786 | 9 360 000 | 1,79 |
| Kao Corp | 800 | JPY | 6 377 233 | 5 468 000 | 1,05 |
| Kose Corp | 500 | JPY | 7 906 804 | 8 740 000 | 1,67 |
| Otsuka Holdings Co Ltd | 1 300 | JPY | 6 367 409 | 5 989 100 | 1,15 |
| Sysmex Corp | 1 100 | JPY | 8 123 436 | 14 520 000 | 2,78 |
| Terumo Corp | 2 000 | JPY | 7 670 100 | 9 004 000 | 1,72 |
|  |  |  | 50 080 414 | 61 004 700 | 11,68 |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 200 | JPY | 13 057 916 | 16 726 000 | 3,20 |
| Nitori Holdings Co Ltd | 400 | JPY | 6 844 052 | 7 864 000 | 1,52 |
| Pan Pacific International Holdings Corp | 3 900 | JPY | 7 087 525 | 8 993 400 | 1,72 |
| Rakuten Group Inc | 6 100 | JPY | 4 339 990 | 7 649 400 | 1,46 |
|  |  | 31 329 483 | 41 232 800 | 7,90 |
|  |  |  |  |  |
| Total pour le Japon |  | 354 836 080 | 510 589 610 | 97,73 |
|  |  |  |  |  |
| Actions |  | 354 836 080 | 510 589 610 | 97,73 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 354 836 080 | 510 589 610 | 97,73 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 354 836 080 | 510 589 610 | 97,73 |
| Liquidités et autres actifs nets |  |  |   11 847 814	 | 2,27 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 522 437 424 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % du |
|  |  |  | Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 97,52 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Bermudes |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| China Resources Gas Group Ltd | 17 876 000 | HKD | 89 623 603 | 107 267 358 | 2,70 |
|  |  |  | 89 623 603 | 107 267 358 | 2,70 |
|  |  |  |  |  |  |
| Total pour les Bermudes |  |  | 89 623 603 | 107 267 358 | 2,70 |
| Brésil |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Localiza Rent a Car SA | 3 359 037 | BRL | 16 532 386 | 42 842 824 | 1,08 |
|  |  |  | 16 532 386 | 42 842 824 | 1,08 |
| Sociétés holdings et financières |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 28 900 566 | BRL | 82 313 905 | 96 875 882 | 2,44 |
|  |  |  | 82 313 905 | 96 875 882 | 2,44 |
| Assurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 18 335 592 | BRL | 146 305 408 | 84 409 289 | 2,13 |
|  |  |  | 146 305 408 | 84 409 289 | 2,13 |
|  |  |  |  |  |  |
| Total pour le Brésil |  |  | 245 151 699 | 224 127 995 | 5,65 |
| Îles Caïmans |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Pagseguro Digital Ltd | 974 582 | USD | 47 320 987 | 54 498 625 | 1,37 |
|  |  |  | 47 320 987 | 54 498 625 | 1,37 |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 4 416 025 | HKD | 26 576 242 | 100 025 029 | 2,52 |
| Tencent Holdings Ltd | 582 700 | HKD | 22 506 525 | 43 819 679 | 1,10 |
|  |  |  | 49 082 767 | 143 844 708 | 3,62 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 9 819 388 | HKD | 258 469 322 | 278 175 211 | 7,01 |
|  |  |  | 258 469 322 | 278 175 211 | 7,01 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Hengan International Group Co Ltd | 15 784 000 | HKD | 126 562 921 | 105 689 475 | 2,66 |
|  |  |  | 126 562 921 | 105 689 475 | 2,66 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 481 435 997 | 582 208 019 | 14,66 |
| Chili |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Falabella SA | 9 780 265 | CLP | 41 390 928 | 43 895 783 | 1,12 |
|  |  |  | 41 390 928 | 43 895 783 | 1,12 |
|  |  |  |  |  |  |
| Total pour le Chili |  |  | 41 390 928 | 43 895 783 | 1,12 |
| Chine |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| SAIC Motor Corp Ltd - Actions À | 37 864 897 | CNY | 137 669 174 | 128 746 901 | 3,25 |
|  |  |  | 137 669 174 | 128 746 901 | 3,25 |
| Banques et établissements financiers |  |  |  |  |  |
| Midea Group Co Ltd - Actions À | 10 803 260 | CNY | 102 200 167 | 119 327 481 | 3,01 |
|  |  |  | 102 200 167 | 119 327 481 | 3,01 |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 10 404 668 | CNY | 30 578 629 | 59 306 172 | 1,50 |
|  |  |  | 30 578 629 | 59 306 172 | 1,50 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 16 857 655 | CNY | 83 495 331 | 83 799 735 | 2,11 |
|  |  |  | 83 495 331 | 83 799 735 | 2,11 |
| Assurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - Actions H | 24 685 000 | HKD | 157 924 603 | 241 737 303 | 6,09 |
|  |  |  | 157 924 603 | 241 737 303 | 6,09 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 44 756 000 | HKD | 85 458 349 | 104 428 919 | 2,63 |
|  |  |  | 85 458 349 | 104 428 919 | 2,63 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 597 326 253 | 737 346 511 | 18,59 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 6 478 200 | HKD | 46 203 055 | 80 499 464 | 2,03 |
|  |  |  | 46 203 055 | 80 499 464 | 2,03 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 46 203 055 | 80 499 464 | 2,03 |
| Inde |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lupin Ltd | 2 884 932 | INR | 43 262 695 | 44 601 024 | 1,12 |
|  |  |  | 43 262 695 | 44 601 024 | 1,12 |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 6 400 418 | INR | 143 585 160 | 213 146 807 | 5,37 |
|  |  |  | 143 585 160 | 213 146 807 | 5,37 |
| Services publics |  |  |  |  |  |
| Power Grid Corp of India Ltd | 11 054 382 | INR | 22 272 855 | 34 563 842 | 0,87 |
|  |  |  | 22 272 855 | 34 563 842 | 0,87 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 209 120 710 | 292 311 673 | 7,36 |
| Indonésie |  |  |  |  |  |
| Diffusion d’actualités |  |  |  |  |  |
| Telkom Indonesia Persero Tbk PT | 72 385 400 | IDR | 21 260 115 | 15 726 125 | 0,40 |
|  |  |  | 21 260 115 | 15 726 125 | 0,40 |
|  |  |  |  |  |  |
| Total pour l’Indonésie |  |  | 21 260 115 | 15 726 125 | 0,40 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Suzuki Motor Corp | 2 999 700 | JPY | 125 436 040 | 127 052 785 | 3,20 |
|  |  |  | 125 436 040 | 127 052 785 | 3,20 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 125 436 040 | 127 052 785 | 3,20 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Afrique du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Naspers Ltd | 898 587 | ZAR | 129 112 728 | 188 681 020 | 4,76 |
|  |  |  | 129 112 728 | 188 681 020 | 4,76 |
| Sociétés holdings et financières |  |  |  |  |  |
| Discovery Ltd | 13 992 703 | ZAR | 112 084 134 | 123 740 176 | 3,12 |
|  |  |  | 112 084 134 | 123 740 176 | 3,12 |
| Assurance |  |  |  |  |  |
| Sanlam Ltd | 41 028 632 | ZAR | 184 105 761 | 176 340 510 | 4,45 |
|  |  |  | 184 105 761 | 176 340 510 | 4,45 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 425 302 623 | 488 761 706 | 12,33 |
| Corée du Sud |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Samsung Electronics Co Ltd | 4 183 910 | KRW | 177 849 794 | 299 825 685 | 7,56 |
|  |  |  | 177 849 794 | 299 825 685 | 7,56 |
| Logiciel Internet |  |  |  |  |  |
| NCSoft Corp | 209 720 | KRW | 93 626 814 | 152 709 715 | 3,85 |
|  |  |  | 93 626 814 | 152 709 715 | 3,85 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| LG Household & Health Care Ltd | 61 805 | KRW | 66 390 696 | 96 703 564 | 2,44 |
|  |  |  | 66 390 696 | 96 703 564 | 2,44 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 337 867 304 | 549 238 964 | 13,85 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 6 069 939 | TWD | 28 787 360 | 129 624 427 | 3,27 |
|  |  |  | 28 787 360 | 129 624 427 | 3,27 |
|  |  |  |  |  |  |
| Total pour Taïwan |  |  | 28 787 360 | 129 624 427 | 3,27 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 1 644 676 | USD | 109 490 314 | 113 910 260 | 2,87 |
|  |  |  | 109 490 314 | 113 910 260 | 2,87 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 109 490 314 | 113 910 260 | 2,87 |
|  |  |  |  |  |  |
| Actions |  |  | 2 758 396 001 | 3 491 971 070 | 88,03 |
| Certificats de dépôts américains |  |  |  |  |  |
| Mexique |  |  |  |  |  |
| Tabac et alcool |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 998 634 | USD | 92 353 747 | 84 394 559 | 2,13 |
|  |  |  | 92 353 747 | 84 394 559 | 2,13 |
|  |  |  |  |  |  |
| Total pour le Mexique |  |  | 92 353 747 | 84 394 559 | 2,13 |
|  |  |  |  |  |  |
| Certificats de dépôts américains |  |  | 92 353 747 | 84 394 559 | 2,13 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 1 363 305 | USD | 110 950 644 | 87 196 988 | 2,20 |
|  |  | 110 950 644 | 87 196 988 | 2,20 |
|  |  |  |  |  |
| Total pour les Îles Caïmans |  | 110 950 644 | 87 196 988 | 2,20 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 110 950 644 | 87 196 988 | 2,20 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 2 961 700 392 | 3 663 562 617 | 92,36 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Actions |  |  |  |  |  |
| Fédération de Russie |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| Detsky Mir PJSC | 19 888 740 | RUB | 40 660 061 | 41 083 576 | 1,04 |
|  |  |  | 40 660 061 | 41 083 576 | 1,04 |
| Sociétés holdings et financières |  |  |  |  |  |
| Moscow Exchange MICEX-RTS PJSC | 37 647 268 | RUB | 72 308 487 | 87 965 681 | 2,22 |
|  |  |  | 72 308 487 | 87 965 681 | 2,22 |
|  |  |  |  |  |  |
| Total pour la Fédération de Russie |  |  | 112 968 548 | 129 049 257 | 3,26 |
|  |  |  |  |  |  |
| Actions |  |  | 112 968 548 | 129 049 257 | 3,26 |
|  |  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 112 968 548 | 129 049 257 | 3,26 |
| Autres valeurs mobilières |  |  |  |  |  |
| Fonds de placement |  |  |  |  |  |
| Irlande |  |  |  |  |  |
| Fonds de placement |  |  |  |  |  |
| Catégorie d’actions EUR SI de capitalisation de Comgest Growth China | 775 988 | EUR | 49 199 708 | 89 355 709 | 2,25 |
| Catégorie d’actions EUR I de capitalisation de Comgest Growth GEM Promising Companies | 416 813 | EUR | 7 335 302 | 6 490 142 | 0,16 |
| Catégorie d’actions USD de capitalisation de Comgest Growth India | 510 826 | USD | 14 020 726 | 29 990 593 | 0,76 |
| Catégorie d’actions USD I de capitalisation de Comgest Growth Latin America | 703 610 | USD | 6 339 528 | 6 550 610 | 0,17 |
|  |  |  | 76 895 264 | 132 387 054 | 3,34 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 76 895 264 | 132 387 054 | 3,34 |
|  |  |  |  |  |  |
| Fonds de placement |  |  | 76 895 264 | 132 387 054 | 3,34 |
|  |  |  |  |  |  |
| Autres valeurs mobilières |  |  | 76 895 264 | 132 387 054 | 3,34 |

| Comgest Growth Emerging Markets |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

|  | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- |
|  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |   3 151 564 204  | 3 924 998 928	 | 98,96 |
| Liquidités et autres actifs nets |  | 	41 443 503	 | 1,04 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  | 3 966 442 431 | 100,00 |
|  |  |  |  |
|  |  |  | % |
|  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 90,08 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  | 3,17 |
| Autres valeurs mobilières |  |  | 3,26 |

| Comgest Growth Emerging Markets ex China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Brésil |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Localiza Rent a Car SA | 4 700 | BRL | 27 672 | 59 946 | 0,13 |
|  |  |  | 27 672 | 59 946 | 0,13 |
| Sociétés holdings et financières |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 23 400 | BRL | 70 521 | 78 438 | 0,17 |
|  |  |  | 70 521 | 78 438 | 0,17 |
| Assurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 10 400 | BRL | 69 279 | 47 877 | 0,10 |
| Odontoprev SA | 32 467 | BRL | 85 257 | 84 308 | 0,18 |
|  |  |  | 154 536 | 132 185 | 0,28 |
| Transports |  |  |  |  |  |
| CCR SA | 22 700 | BRL | 70 742 | 60 846 | 0,13 |
|  |  |  | 70 742 | 60 846 | 0,13 |
|  |  |  |  |  |  |
| Total pour le Brésil |  |  | 323 471 | 331 415 | 0,71 |
| Îles Caïmans |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Pagseguro Digital Ltd | 1 069 | USD | 54 489 | 59 778 | 0,13 |
|  |  |  | 54 489 | 59 778 | 0,13 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 54 489 | 59 778 | 0,13 |
| Chili |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Falabella SA | 13 213 | CLP | 58 869 | 59 303 | 0,13 |
|  |  |  | 58 869 | 59 303 | 0,13 |
|  |  |  |  |  |  |
| Total pour le Chili |  |  | 58 869 | 59 303 | 0,13 |

| Comgest Growth Emerging Markets ex China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Inde |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lupin Ltd | 5 457 | INR | 63 055 | 84 365 | 0,18 |
|  |  |  | 63 055 | 84 365 | 0,18 |
| Pétrole |  |  |  |  |  |
| Petronet LNG Ltd | 14 162 | INR | 45 006 | 43 022 | 0,09 |
|  |  |  | 45 006 | 43 022 | 0,09 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 108 061 | 127 387 | 0,27 |
| Indonésie |  |  |  |  |  |
| Diffusion d’actualités |  |  |  |  |  |
| Telkom Indonesia Persero Tbk PT | 246 500 | IDR | 64 697 | 53 553 | 0,12 |
|  |  |  | 64 697 | 53 553 | 0,12 |
|  |  |  |  |  |  |
| Total pour l’Indonésie |  |  | 64 697 | 53 553 | 0,12 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Suzuki Motor Corp | 2 500 | JPY | 115 167 | 105 888 | 0,23 |
|  |  |  | 115 167 | 105 888 | 0,23 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 115 167 | 105 888 | 0,23 |
| Afrique du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Naspers Ltd | 808 | ZAR | 125 666 | 169 660 | 0,37 |
|  |  |  | 125 666 | 169 660 | 0,37 |
| Sociétés holdings et financières |  |  |  |  |  |
| Discovery Ltd | 11 089 | ZAR | 103 470 | 98 062 | 0,21 |
|  |  |  | 103 470 | 98 062 | 0,21 |
| Assurance |  |  |  |  |  |
| Sanlam Ltd | 27 805 | ZAR | 128 812 | 119 506 | 0,27 |
|  |  |  | 128 812 | 119 506 | 0,27 |

| Comgest Growth Emerging Markets ex China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Diffusion d’actualités |  |  |  |  |  |
| MTN Group | 5 749 | ZAR | 31 503 | 41 562 | 0,09 |
|  |  |  | 31 503 | 41 562 | 0,09 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 389 451 | 428 790 | 0,94 |
| Corée du Sud |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| LG Chem Ltd | 106 | KRW | 77 124 | 80 009 | 0,17 |
|  |  |  | 77 124 | 80 009 | 0,17 |
| Semi-conducteurs |  |  |  |  |  |
| Samsung Electronics Co Ltd | 3 160 | KRW | 135 565 | 226 451 | 0,49 |
|  |  |  | 135 565 | 226 451 | 0,49 |
| Arts graphiques et édition |  |  |  |  |  |
| Cheil Worldwide Inc | 4 570 | KRW | 86 941 | 102 063 | 0,22 |
|  |  |  | 86 941 | 102 063 | 0,22 |
| Logiciel Internet |  |  |  |  |  |
| NCSoft Corp | 185 | KRW | 104 370 | 134 710 | 0,29 |
|  |  |  | 104 370 | 134 710 | 0,29 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| LG Household & Health Care Ltd | 77 | KRW | 82 273 | 120 479 | 0,26 |
|  |  |  | 82 273 | 120 479 | 0,26 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 486 273 | 663 712 | 1,43 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 9 000 | TWD | 84 033 | 192 196 | 0,42 |
|  |  |  | 84 033 | 192 196 | 0,42 |
| Équipements électroniques et électriques |  |  |  |  |  |
| Delta Electronics Inc | 6 000 | TWD | 64 510 | 65 250 | 0,14 |
|  |  |  | 64 510 | 65 250 | 0,14 |
|  |  |  |  |  |  |
| Total pour Taïwan |  |  | 148 543 | 257 446 | 0,56 |

| Comgest Growth Emerging Markets ex China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 1 076 | USD | 70 363 | 74 524 | 0,16 |
|  |  |  | 70 363 | 74 524 | 0,16 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 70 363 | 74 524 | 0,16 |
|  |  |  |  |  |  |
| Actions |  |  | 1 819 384 | 2 161 796 | 4,68 |
| Certificats de dépôts américains |  |  |  |  |  |
| Inde |  |  |  |  |  |
| Banques et établissements financiers |  |  |  |  |  |
| HDFC Bank Ltd | 1 989 | USD | 102 409 | 145 436 | 0,32 |
|  |  |  | 102 409 | 145 436 | 0,32 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 102 409 | 145 436 | 0,32 |
| Mexique |  |  |  |  |  |
| Tabac et alcool |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 1 000 | USD | 86 171 | 84 510 | 0,18 |
|  |  |  | 86 171 | 84 510 | 0,18 |
|  |  |  |  |  |  |
| Total pour le Mexique |  |  | 86 171 | 84 510 | 0,18 |
|  |  |  |  |  |  |
| Certificats de dépôts américains |  |  | 188 580 | 229 946 | 0,50 |
| Certificats de dépôts internationaux |  |  |  |  |  |
| Chypre |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| TCS Group Holding PLC | 382 | USD | 29 029 | 33 750 | 0,07 |
|  |  |  | 29 029 | 33 750 | 0,07 |
|  |  |  |  |  |  |
| Total pour Chypre |  |  | 29 029 | 33 750 | 0,07 |
|  |  |  |  |  |  |
| Certificats de dépôts internationaux |  |  | 29 029 | 33 750 | 0,07 |

| Comgest Growth Emerging Markets ex China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Inde |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Infosys Ltd | 4 100 | USD | 38 957 | 86 879 | 0,19 |
|  |  |  | 38 957 | 86 879 | 0,19 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 38 957 | 86 879 | 0,19 |
|  |  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 38 957 | 86 879 | 0,19 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 2 075 950 | 2 512 371 | 5,44 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Actions |  |  |  |  |  |
| Fédération de Russie |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| Detsky Mir PJSC | 34 320 | RUB | 65 345 | 70 894 | 0,15 |
|  |  |  | 65 345 | 70 894 | 0,15 |
| Moscow Exchange MICEX-RTS PJSC | 45 130 | RUB | 61 924 | 105 450 | 0,23 |
|  |  |  | 61 924 | 105 450 | 0,23 |
|  |  |  |  |  |  |
| Total pour la Fédération de Russie |  |  | 127 269 | 176 344 | 0,38 |
| Vietnam |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Vietnam Dairy Products JSC | 22 660 | VND | 84 326 | 89 002 | 0,19 |
|  |  | 84 326 | 89 002 | 0,19 |
|  |  |  |  |  |
| Total pour le Vietnam |  | 84 326 | 89 002 | 0,19 |
|  |  |  |  |  |
| Actions |  | 211 595 | 265 346 | 0,57 |
|  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 211 595 | 265 346 | 0,57 |

| Comgest Growth Emerging Markets ex China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

|  | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- |
|  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat | 2 287 545	 | 2 777 717	 | 6,01 |
| Liquidités et autres actifs nets |  |   43 414 491	 | 93,99 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  | 46 192 208 | 100,00 |
|  |  |  |  |
|  |  |  | % |
|  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 5,44 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  | 0,57 |

| Comgest Growth Emerging Markets Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Brésil |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Localiza Rent a Car SA | 415 193 | BRL | 4 214 730 | 5 295 577 | 1,70 |
|  |  |  | 4 214 730 | 5 295 577 | 1,70 |
| Sociétés holdings et financières |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 1 781 291 | BRL | 6 157 795 | 5 970 960 | 1,92 |
|  |  |  | 6 157 795 | 5 970 960 | 1,92 |
| Assurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 1 383 088 | BRL | 10 434 842 | 6 367 151 | 2,04 |
|  |  |  | 10 434 842 | 6 367 151 | 2,04 |
| Mécanique et machines-outils |  |  |  |  |  |
| WEG SA | 734 300 | BRL | 4 106 781 | 4 930 124 | 1,58 |
|  |  |  | 4 106 781 | 4 930 124 | 1,58 |
|  |  |  |  |  |  |
| Total pour le Brésil |  |  | 24 914 148 | 22 563 812 | 7,24 |
| Îles Caïmans |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Pagseguro Digital Ltd | 142 481 | USD | 7 475 970 | 7 967 538 | 2,56 |
|  |  |  | 7 475 970 | 7 967 538 | 2,56 |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 420 745 | HKD | 6 065 943 | 9 530 070 | 3,06 |
| Tencent Holdings Ltd | 62 300 | HKD | 3 291 148 | 4 685 028 | 1,50 |
|  |  |  | 9 357 091 | 14 215 098 | 4,56 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 747 112 | HKD | 21 252 954 | 21 165 070 | 6,79 |
|  |  |  | 21 252 954 | 21 165 070 | 6,79 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 38 086 015 | 43 347 706 | 13,91 |

| Comgest Growth Emerging Markets Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Chili |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Falabella SA | 674 717 | CLP | 2 870 794 | 3 028 265 | 0,97 |
|  |  |  | 2 870 794 | 3 028 265 | 0,97 |
|  |  |  |  |  |  |
| Total pour le Chili |  |  | 2 870 794 | 3 028 265 | 0,97 |
| Chine |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| SAIC Motor Corp Ltd - Actions À | 1 069 666 | CNY | 3 227 134 | 3 637 041 | 1,17 |
|  |  |  | 3 227 134 | 3 637 041 | 1,17 |
| Banques et établissements financiers |  |  |  |  |  |
| Midea Group Co Ltd - Actions À | 827 388 | CNY | 7 119 134 | 9 138 920 | 2,93 |
|  |  |  | 7 119 134 | 9 138 920 | 2,93 |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 1 468 183 | CNY | 6 247 734 | 8 368 582 | 2,68 |
|  |  |  | 6 247 734 | 8 368 582 | 2,68 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 316 000 | CNY | 1 570 012 | 1 570 842 | 0,50 |
|  |  |  | 1 570 012 | 1 570 842 | 0,50 |
| Assurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - Actions H | 1 372 500 | HKD | 16 330 877 | 13 440 731 | 4,31 |
|  |  |  | 16 330 877 | 13 440 731 | 4,31 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 1 916 000 | HKD | 4 063 175 | 4 470 592 | 1,43 |
|  |  |  | 4 063 175 | 4 470 592 | 1,43 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 38 558 066 | 40 626 708 | 13,02 |
| Grande-Bretagne |  |  |  |  |  |
| Alimentation et distilleries |  |  |  |  |  |
| Unilever PLC | 61 165 | EUR | 3 462 389 | 3 580 719 | 1,15 |
|  |  |  | 3 462 389 | 3 580 719 | 1,15 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 3 462 389 | 3 580 719 | 1,15 |

| Comgest Growth Emerging Markets Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 698 400 | HKD | 7 359 140 | 8 678 464 | 2,78 |
|  |  |  | 7 359 140 | 8 678 464 | 2,78 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 7 359 140 | 8 678 464 | 2,78 |
| Inde |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lupin Ltd | 175 229 | INR | 2 321 736 | 2 709 039 | 0,87 |
|  |  |  | 2 321 736 | 2 709 039 | 0,87 |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 433 613 | INR | 11 387 897 | 14 440 186 | 4,63 |
| Maruti Suzuki India Ltd | 89 147 | INR | 8 754 239 | 9 014 448 | 2,89 |
|  |  |  | 20 142 136 | 23 454 634 | 7,52 |
| Services publics |  |  |  |  |  |
| Power Grid Corp of India Ltd | 2 067 012 | INR | 5 121 637 | 6 462 946 | 2,07 |
|  |  |  | 5 121 637 | 6 462 946 | 2,07 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 27 585 509 | 32 626 619 | 10,46 |
| Afrique du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Naspers Ltd | 70 577 | ZAR | 12 964 905 | 14 819 422 | 4,75 |
|  |  |  | 12 964 905 | 14 819 422 | 4,75 |
| Sociétés holdings et financières |  |  |  |  |  |
| Discovery Ltd | 1 038 062 | ZAR | 8 764 164 | 9 179 783 | 2,94 |
|  |  |  | 8 764 164 | 9 179 783 | 2,94 |
| Assurance |  |  |  |  |  |
| Sanlam Ltd | 2 720 959 | ZAR | 12 787 445 | 11 694 645 | 3,75 |
|  |  |  | 12 787 445 | 11 694 645 | 3,75 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 34 516 514 | 35 693 850 | 11,44 |

| Comgest Growth Emerging Markets Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Corée du Sud |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Samsung Electronics Co Ltd | 301 021 | KRW | 15 630 180 | 21 571 647 | 6,92 |
|  |  |  | 15 630 180 | 21 571 647 | 6,92 |
| Logiciel Internet |  |  |  |  |  |
| NAVER Corp | 14 343 | KRW | 2 543 031 | 5 317 524 | 1,72 |
| NCSoft Corp | 16 389 | KRW | 10 321 426 | 11 933 814 | 3,83 |
|  |  |  | 12 864 457 | 17 251 338 | 5,55 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| LG Household & Health Care Ltd | 7 338 | KRW | 8 424 536 | 11 481 446 | 3,68 |
|  |  |  | 8 424 536 | 11 481 446 | 3,68 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 36 919 173 | 50 304 431 | 16,15 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 675 000 | TWD | 11 949 072 | 14 414 723 | 4,62 |
|  |  |  | 11 949 072 | 14 414 723 | 4,62 |
| Équipements électroniques et électriques |  |  |  |  |  |
| Delta Electronics Inc | 446 000 | TWD | 4 798 118 | 4 850 238 | 1,56 |
|  |  |  | 4 798 118 | 4 850 238 | 1,56 |
|  |  |  |  |  |  |
| Total pour Taïwan |  |  | 16 747 190 | 19 264 961 | 6,18 |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 130 245 | USD | 8 353 242 | 9 020 769 | 2,89 |
| MercadoLibre Inc | 2 328 | USD | 3 614 532 | 3 626 535 | 1,16 |
|  |  |  | 11 967 774 | 12 647 304 | 4,05 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 11 967 774 | 12 647 304 | 4,05 |
|  |  |  |  |  |  |
| Actions |  |  | 242 986 712 | 272 362 839 | 87,35 |

| Comgest Growth Emerging Markets Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Certificats de dépôts américains |  |  |  |  |  |
| Mexique |  |  |  |  |  |
| Tabac et alcool |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 127 765 | USD | 10 927 400 | 10 797 420 | 3,46 |
|  |  |  | 10 927 400 | 10 797 420 | 3,46 |
|  |  |  |  |  |  |
| Total pour le Mexique |  |  | 10 927 400 | 10 797 420 | 3,46 |
|  |  |  |  |  |  |
| Certificats de dépôts américains |  |  | 10 927 400 | 10 797 420 | 3,46 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 88 276 | USD | 7 437 592 | 5 646 133 | 1,81 |
|  |  |  | 7 437 592 | 5 646 133 | 1,81 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 7 437 592 | 5 646 133 | 1,81 |
| Inde |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Infosys Ltd | 306 902 | USD | 3 743 791 | 6 503 253 | 2,09 |
|  |  |  | 3 743 791 | 6 503 253 | 2,09 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 3 743 791 | 6 503 253 | 2,09 |
|  |  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 11 181 383 | 12 149 386 | 3,90 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 265 095 495 | 295 309 645 | 94,71 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Actions |  |  |  |  |  |
| Fédération de Russie |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| Detsky Mir PJSC | 1 183 960 | RUB | 2 401 657 | 2 445 671 | 0,78 |
|  |  |  | 2 401 657 | 2 445 671 | 0,78 |

| Comgest Growth Emerging Markets Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Moscow Exchange MICEX-RTS PJSC | 3 210 890 | RUB | 5 994 083 | 7 502 487 | 2,41 |
|  |  | 5 994 083 | 7 502 487 | 2,41 |
|  |  |  |  |  |
| Total pour la Fédération de Russie |  | 8 395 740 | 9 948 158 | 3,19 |
|  |  |  |  |  |
| Actions |  | 8 395 740 | 9 948 158 | 3,19 |
|  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 8 395 740 | 9 948 158 | 3,19 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 273 491 235 | 305 257 803 | 97,90 |
| Liquidités et autres actifs nets |  |  | 	6 539 509	 | 2,10 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 311 797 312 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 86,12 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  |  | 2,90 |

| Comgest Growth GEM Promising Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Bermudes |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| China Resources Gas Group Ltd | 95 318 | HKD | 293 323 | 482 308 | 2,13 |
|  |  |  | 293 323 | 482 308 | 2,13 |
|  |  |  |  |  |  |
| Total pour les Bermudes |  |  | 293 323 | 482 308 | 2,13 |
| Brésil |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Localiza Rent a Car SA | 58 334 | BRL | 264 388 | 627 389 | 2,77 |
|  |  |  | 264 388 | 627 389 | 2,77 |
| Biens de consommation |  |  |  |  |  |
| Arezzo Industria e Comercio SA | 57 047 | BRL | 414 163 | 905 941 | 4,00 |
|  |  |  | 414 163 | 905 941 | 4,00 |
| Assurance |  |  |  |  |  |
| Odontoprev SA | 330 422 | BRL | 815 331 | 723 517 | 3,20 |
|  |  |  | 815 331 | 723 517 | 3,20 |
|  |  |  |  |  |  |
| Total pour le Brésil |  |  | 1 493 882 | 2 256 847 | 9,97 |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Minth Group Ltd | 128 440 | HKD | 387 609 | 514 624 | 2,27 |
|  |  |  | 387 609 | 514 624 | 2,27 |
| Sociétés holdings et financières |  |  |  |  |  |
| Pagseguro Digital Ltd | 22 831 | USD | 710 377 | 1 076 574 | 4,76 |
|  |  |  | 710 377 | 1 076 574 | 4,76 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| 3SBio Inc | 213 801 | HKD | 303 488 | 222 866 | 0,99 |
|  |  |  | 303 488 | 222 866 | 0,99 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 1 401 474 | 1 814 064 | 8,02 |

| Comgest Growth GEM Promising Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Chine |  |  |  |  |  |
| Banques et établissements financiers |  |  |  |  |  |
| Suofeiya Home Collection Co Ltd | 171 272 | CNY | 588 428 | 540 908 | 2,39 |
|  |  |  | 588 428 | 540 908 | 2,39 |
| Équipements électroniques et électriques |  |  |  |  |  |
| TravelSky Technology Ltd | 334 000 | HKD | 563 536 | 607 832 | 2,69 |
|  |  |  | 563 536 | 607 832 | 2,69 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 107 700 | CNY | 416 468 | 451 454 | 2,00 |
|  |  |  | 416 468 | 451 454 | 2,00 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 335 605 | HKD | 283 056 | 660 313 | 2,92 |
|  |  |  | 283 056 | 660 313 | 2,92 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 1 851 488 | 2 260 507 | 10,00 |
| Colombie |  |  |  |  |  |
| Alimentation et distilleries |  |  |  |  |  |
| Grupo Nutresa SA | 80 527 | COP | 631 552 | 398 176 | 1,76 |
|  |  |  | 631 552 | 398 176 | 1,76 |
|  |  |  |  |  |  |
| Total pour la Colombie |  |  | 631 552 | 398 176 | 1,76 |
| Grèce |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| JUMBO SA | 53 209 | EUR | 846 959 | 755 036 | 3,34 |
|  |  |  | 846 959 | 755 036 | 3,34 |
|  |  |  |  |  |  |
| Total pour la Grèce |  |  | 846 959 | 755 036 | 3,34 |
| Inde |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Eicher Motors Ltd | 20 966 | INR | 530 256 | 635 356 | 2,81 |
| Endurance Technologies Ltd | 46 489 | INR | 401 915 | 857 183 | 3,79 |
|  |  |  | 932 171 | 1 492 539 | 6,60 |

| Comgest Growth GEM Promising Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Shriram Transport Finance Co Ltd | 44 679 | INR | 554 635 | 680 565 | 3,01 |
|  |  |  | 554 635 | 680 565 | 3,01 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Syngene International Ltd | 44 032 | INR | 228 049 | 291 383 | 1,29 |
|  |  |  | 228 049 | 291 383 | 1,29 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 1 714 855 | 2 464 487 | 10,90 |
| Jersey |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Integrated Diagnostics Holdings PLC | 734 086 | USD | 531 282 | 736 624 | 3,26 |
|  |  |  | 531 282 | 736 624 | 3,26 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 531 282 | 736 624 | 3,26 |
| Luxembourg |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| L’Occitane International SA | 123 750 | HKD | 263 053 | 381 616 | 1,69 |
|  |  |  | 263 053 | 381 616 | 1,69 |
| Commerce de détail |  |  |  |  |  |
| Allegro.eu SA | 17 786 | PLN | 257 090 | 258 514 | 1,14 |
|  |  |  | 257 090 | 258 514 | 1,14 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 520 143 | 640 130 | 2,83 |
| Mexique |  |  |  |  |  |
| Loisirs |  |  |  |  |  |
| Hoteles City Express SAB de CV | 1 191 531 | MXN | 1 449 804 | 356 777 | 1,58 |
|  |  |  | 1 449 804 | 356 777 | 1,58 |
|  |  |  |  |  |  |
| Total pour le Mexique |  |  | 1 449 804 | 356 777 | 1,58 |

| Comgest Growth GEM Promising Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pays-Bas |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Yandex NV - Actions À | 13 050 | USD | 391 309 | 778 554 | 3,44 |
|  |  |  | 391 309 | 778 554 | 3,44 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 391 309 | 778 554 | 3,44 |
| Pologne |  |  |  |  |  |
| Matériel de bureau et ordinateurs |  |  |  |  |  |
| CD Projekt SA | 4 335 | PLN | 252 320 | 177 655 | 0,79 |
|  |  |  | 252 320 | 177 655 | 0,79 |
|  |  |  |  |  |  |
| Total pour la Pologne |  |  | 252 320 | 177 655 | 0,79 |
| Afrique du Sud |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Curro Holdings Ltd | 917 536 | ZAR | 1 518 790 | 635 597 | 2,81 |
| Discovery Ltd | 117 418 | ZAR | 892 818 | 875 580 | 3,87 |
|  |  |  | 2 411 608 | 1 511 177 | 6,68 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Dis-Chem Pharmacies Ltd | 179 716 | ZAR | 197 307 | 341 215 | 1,51 |
|  |  |  | 197 307 | 341 215 | 1,51 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 2 608 915 | 1 852 392 | 8,19 |
| Corée du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Cheil Worldwide Inc | 48 970 | KRW | 667 308 | 922 217 | 4,08 |
|  |  |  | 667 308 | 922 217 | 4,08 |
| Logiciel Internet |  |  |  |  |  |
| NCSoft Corp | 1 651 | KRW | 645 829 | 1 013 738 | 4,48 |
|  |  |  | 645 829 | 1 013 738 | 4,48 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 1 313 137 | 1 935 955 | 8,56 |

| Comgest Growth GEM Promising Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| MercadoLibre Inc | 786 | USD | 501 626 | 1 032 484 | 4,56 |
|  |  |  | 501 626 | 1 032 484 | 4,56 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 501 626 | 1 032 484 | 4,56 |
|  |  |  |  |  |  |
| Actions |  |  | 15 802 069 | 17 941 996 | 79,33 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 13 001 | USD | 774 571 | 701 192 | 3,10 |
| Vipshop Holdings Ltd | 11 540 | USD | 224 098 | 195 399 | 0,86 |
|  |  |  | 998 669 | 896 591 | 3,96 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 998 669 | 896 591 | 3,96 |
| Chypre |  |  |  |  |  |
| Autres services |  |  |  |  |  |
| HeadHunter Group PLC | 19 531 | USD | 401 946 | 697 806 | 3,08 |
|  |  |  | 401 946 | 697 806 | 3,08 |
|  |  |  |  |  |  |
| Total pour Chypre |  |  | 401 946 | 697 806 | 3,08 |
|  |  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 1 400 615 | 1 594 397 | 7,04 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 17 202 684 | 19 536 393 | 86,37 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Actions |  |  |  |  |  |
| Kenya |  |  |  |  |  |
| Diffusion d’actualités |  |  |  |  |  |
| Safaricom PLC | 1 645 793 | KES | 357 539 | 540 210 | 2,39 |
|  |  |  | 357 539 | 540 210 | 2,39 |
|  |  |  |  |  |  |
| Total pour le Kenya |  |  | 357 539 | 540 210 | 2,39 |

| Comgest Growth GEM Promising Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Vietnam |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Vietnam Dairy Products JSC | 183 705 | VND | 468 174 | 608 431 | 2,69 |
|  |  |  | 468 174 | 608 431 | 2,69 |
|  |  |  |  |  |  |
| Total pour le Vietnam |  |  | 468 174 | 608 431 | 2,69 |
|  |  |  |  |  |  |
| Actions |  |  | 825 713 | 1 148 641 | 5,08 |
|  |  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 825 713 | 1 148 641 | 5,08 |
| Autres valeurs mobilières |  |  |  |  |  |
| Fonds de placement |  |  |  |  |  |
| France |  |  |  |  |  |
| Fonds de placement |  |  |  |  |  |
| Société de Gestion Prévoir - Prévoir Renaissance Vietnam | 4 143 | EUR | 550 178 | 1 104 980 | 4,88 |
|  |  | 550 178 | 1 104 980 | 4,88 |
|  |  |  |  |  |
| Total pour la France |  | 550 178 | 1 104 980 | 4,88 |
|  |  |  |  |  |
| Fonds de placement |  | 550 178 | 1 104 980 | 4,88 |
|  |  |  |  |  |
| Autres valeurs mobilières |  | 550 178 | 1 104 980 | 4,88 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 18 578 575 | 21 790 014 | 96,33 |
| Liquidités et autres actifs nets |  |  | 831 259	 | 3,67 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 22 621 273 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 86,13 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  |  | 5,06 |
| Autres valeurs mobilières |  |  |  | 4,87 |

| Comgest Growth Europe |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| SimCorp A/S | 310 725 | DKK | 26 761 373 | 32 893 383 | 0,73 |
|  |  |  | 26 761 373 | 32 893 383 | 0,73 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 1 289 335 | DKK | 22 671 158 | 41 803 269 | 0,93 |
| Coloplast A/S - Actions B | 188 589 | DKK | 12 842 468 | 26 096 303 | 0,58 |
| Novo Nordisk A/S - Actions B | 3 096 252 | DKK | 139 095 247 | 218 762 881 | 4,85 |
|  |  |  | 174 608 873 | 286 662 453 | 6,36 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 201 370 246 | 319 555 836 | 7,09 |
| France |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Orpea SA | 938 453 | EUR | 97 275 734 | 100 649 084 | 2,23 |
|  |  |  | 97 275 734 | 100 649 084 | 2,23 |
| Logiciel Internet |  |  |  |  |  |
| Dassault Systèmes SE | 771 056 | EUR | 76 866 982 | 157 680 952 | 3,50 |
|  |  |  | 76 866 982 | 157 680 952 | 3,50 |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 350 612 | EUR | 84 756 489 | 120 014 488 | 2,66 |
|  |  |  | 84 756 489 | 120 014 488 | 2,66 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 1 441 314 | EUR | 140 901 435 | 224 326 111 | 4,97 |
| L’Oréal SA | 348 779 | EUR | 48 036 550 | 131 071 148 | 2,91 |
|  |  |  | 188 937 985 | 355 397 259 | 7,88 |
| Textile |  |  |  |  |  |
| Hermès International | 50 518 | EUR | 20 538 963 | 62 061 363 | 1,38 |
| LVMH Moët Hennessy Louis Vuitton SE | 291 986 | EUR | 85 628 912 | 193 090 342 | 4,28 |
|  |  |  | 106 167 875 | 255 151 705 | 5,66 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 554 005 065 | 988 893 488 | 21,93 |

| Comgest Growth Europe |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 412 088 | EUR | 49 599 545 | 86 085 183 | 1,91 |
|  |  |  | 49 599 545 | 86 085 183 | 1,91 |
| Logiciel Internet |  |  |  |  |  |
| Nemetschek SE | 500 590 | EUR | 29 502 322 | 32 298 067 | 0,72 |
|  |  |  | 29 502 322 | 32 298 067 | 0,72 |
| Textile |  |  |  |  |  |
| adidas AG | 214 703 | EUR | 64 101 462 | 67 395 272 | 1,49 |
|  |  |  | 64 101 462 | 67 395 272 | 1,49 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 143 203 329 | 185 778 522 | 4,12 |
| Grande-Bretagne |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Halma PLC | 1 300 911 | GBP | 19 204 196 | 40 795 264 | 0,91 |
|  |  |  | 19 204 196 | 40 795 264 | 0,91 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 19 204 196 | 40 795 264 | 0,91 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 607 066 | EUR | 44 291 661 | 48 346 736 | 1,07 |
|  |  |  | 44 291 661 | 48 346 736 | 1,07 |
| Mécanique et machines-outils |  |  |  |  |  |
| Linde PLC | 677 825 | EUR | 147 644 165 | 164 948 714 | 3,66 |
|  |  |  | 147 644 165 | 164 948 714 | 3,66 |
| Autres services |  |  |  |  |  |
| Accenture PLC | 644 061 | USD | 103 449 005 | 160 100 128 | 3,55 |
|  |  |  | 103 449 005 | 160 100 128 | 3,55 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 763 251 | USD | 111 703 389 | 133 039 560 | 2,95 |
|  |  |  | 111 703 389 | 133 039 560 | 2,95 |

| Comgest Growth Europe |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Transports |  |  |  |  |  |
| Ryanair Holdings PLC | 3 350 899 | EUR | 41 228 730 | 53 480 348 | 1,19 |
|  |  |  | 41 228 730 | 53 480 348 | 1,19 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 448 316 950 | 559 915 486 | 12,42 |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Amplifon SpA | 1 932 380 | EUR | 40 788 902 | 80 464 303 | 1,78 |
|  |  |  | 40 788 902 | 80 464 303 | 1,78 |
| Tabac et alcool |  |  |  |  |  |
| Davide Campari-Milano NV | 8 191 529 | EUR | 65 841 554 | 92 523 320 | 2,05 |
|  |  |  | 65 841 554 | 92 523 320 | 2,05 |
|  |  |  |  |  |  |
| Total pour l’Italie |  |  | 106 630 456 | 172 987 623 | 3,83 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 3 855 242 | GBP | 80 959 080 | 125 118 019 | 2,77 |
|  |  |  | 80 959 080 | 125 118 019 | 2,77 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 80 959 080 | 125 118 019 | 2,77 |
| Pays-Bas |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Ferrari NV | 508 363 | EUR | 66 060 552 | 88 455 162 | 1,96 |
|  |  |  | 66 060 552 | 88 455 162 | 1,96 |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 18 249 | EUR | 12 860 244 | 37 602 065 | 0,83 |
|  |  |  | 12 860 244 | 37 602 065 | 0,83 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 615 808 | EUR | 122 408 984 | 356 799 155 | 7,91 |
|  |  |  | 122 408 984 | 356 799 155 | 7,91 |
| Logiciel Internet |  |  |  |  |  |
| Prosus NV | 1 553 887 | EUR | 138 988 372 | 128 149 061 | 2,84 |
|  |  |  | 138 988 372 | 128 149 061 | 2,84 |

| Comgest Growth Europe |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Tabac et alcool |  |  |  |  |  |
| Heineken NV | 1 590 734 | EUR | 128 605 724 | 162 573 015 | 3,61 |
|  |  |  | 128 605 724 | 162 573 015 | 3,61 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 468 923 876 | 773 578 458 | 17,15 |
| Portugal |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 7 286 192 | EUR | 110 657 112 | 112 061 633 | 2,48 |
|  |  |  | 110 657 112 | 112 061 633 | 2,48 |
|  |  |  |  |  |  |
| Total pour le Portugal |  |  | 110 657 112 | 112 061 633 | 2,48 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 1 560 172 | EUR | 66 140 003 | 92 549 403 | 2,05 |
|  |  |  | 66 140 003 | 92 549 403 | 2,05 |
| Commerce de détail |  |  |  |  |  |
| Industria de Diseno Textil SA | 4 582 161 | EUR | 118 531 801 | 136 136 003 | 3,02 |
|  |  |  | 118 531 801 | 136 136 003 | 3,02 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 184 671 804 | 228 685 406 | 5,07 |
| Suède |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Assa Abloy AB | 4 317 751 | SEK | 78 175 769 | 109 753 502 | 2,43 |
|  |  |  | 78 175 769 | 109 753 502 | 2,43 |
|  |  |  |  |  |  |
| Total pour la Suède |  |  | 78 175 769 | 109 753 502 | 2,43 |

| Comgest Growth Europe |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Suisse |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lonza Group AG | 218 757 | CHF | 56 332 887 | 130 872 602 | 2,90 |
| Sika AG | 420 913 | CHF | 48 478 057 | 116 153 710 | 2,58 |
|  |  |  | 104 810 944 | 247 026 312 | 5,48 |
| Alimentation et distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 16 538 | CHF | 80 555 445 | 138 874 385 | 3,08 |
|  |  |  | 80 555 445 | 138 874 385 | 3,08 |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Alcon Inc | 756 237 | CHF | 43 047 828 | 44 690 399 | 0,99 |
|  |  |  | 43 047 828 | 44 690 399 | 0,99 |
| Sociétés holdings et financières |  |  |  |  |  |
| Temenos AG | 756 190 | CHF | 83 108 797 | 102 509 734 | 2,27 |
|  |  |  | 83 108 797 | 102 509 734 | 2,27 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 608 920 | CHF | 158 851 640 | 193 615 755 | 4,29 |
| Straumann Holding AG | 106 858 | CHF | 58 362 326 | 143 785 281 | 3,19 |
|  |  | 217 213 966 | 337 401 036 | 7,48 |
|  |  |  |  |  |
| Total pour la Suisse |  | 528 736 980 | 870 501 866 | 19,30 |
|  |  |  |  |  |
| Actions |  | 2 924 854 863 | 4 487 625 103 | 99,50 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 2 924 854 863 | 4 487 625 103 | 99,50 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 2 924 854 863 | 4 487 625 103 | 99,50 |
| Total des instruments financiers dérivés (Note 6) |  |  | 323 714 | 0,01 |
| Liquidités et autres actifs nets |  |  | 22 096 866	 | 0,49 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 4 510 045 683 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 97,77 |
| Instruments dérivés |  |  |  | 0,01 |

| Comgest Growth Europe Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Coloplast A/S - Actions B | 322 | DKK | 36 742 | 44 556 | 0,81 |
| Novo Nordisk A/S - Actions B | 4 802 | DKK | 250 404 | 339 281 | 6,13 |
|  |  |  | 287 146 | 383 837 | 6,94 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 287 146 | 383 837 | 6,94 |
| Finlande |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Kone Oyj | 1 672 | EUR | 110 033 | 115 034 | 2,08 |
|  |  |  | 110 033 | 115 034 | 2,08 |
|  |  |  |  |  |  |
| Total pour la Finlande |  |  | 110 033 | 115 034 | 2,08 |
| France |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 1 901 | EUR | 243 274 | 295 872 | 5,35 |
| L’Oréal SA | 647 | EUR | 167 983 | 243 143 | 4,39 |
|  |  |  | 411 257 | 539 015 | 9,74 |
| Textile |  |  |  |  |  |
| Hermès International | 154 | EUR | 104 067 | 189 189 | 3,42 |
| LVMH Moët Hennessy Louis Vuitton SE | 424 | EUR | 166 403 | 280 391 | 5,06 |
|  |  |  | 270 470 | 469 580 | 8,48 |
| Tabac et alcool |  |  |  |  |  |
| Pernod Ricard SA | 1 385 | EUR | 211 215 | 259 272 | 4,68 |
|  |  |  | 211 215 | 259 272 | 4,68 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 892 942 | 1 267 867 | 22,90 |

| Comgest Growth Europe Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| SAP SE | 1 350 | EUR | 147 297 | 160 434 | 2,90 |
|  |  |  | 147 297 | 160 434 | 2,90 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 147 297 | 160 434 | 2,90 |
| Grande-Bretagne |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| Reckitt Benckiser Group PLC | 1 221 | GBP | 92 223 | 90 986 | 1,64 |
|  |  |  | 92 223 | 90 986 | 1,64 |
| Alimentation et distilleries |  |  |  |  |  |
| Unilever PLC | 3 501 | GBP | 180 592 | 172 533 | 3,12 |
|  |  |  | 180 592 | 172 533 | 3,12 |
| Arts graphiques et édition |  |  |  |  |  |
| RELX PLC | 9 789 | GBP | 205 564 | 218 827 | 3,95 |
|  |  |  | 205 564 | 218 827 | 3,95 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 478 379 | 482 346 | 8,71 |
| Irlande |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Linde PLC | 1 168 | EUR | 206 299 | 284 233 | 5,13 |
|  |  |  | 206 299 | 284 233 | 5,13 |
| Autres services |  |  |  |  |  |
| Accenture PLC | 1 089 | USD | 193 356 | 270 703 | 4,89 |
|  |  |  | 193 356 | 270 703 | 4,89 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Medtronic PLC | 2 230 | USD | 211 888 | 233 418 | 4,22 |
|  |  |  | 211 888 | 233 418 | 4,22 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 611 543 | 788 354 | 14,24 |

| Comgest Growth Europe Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 6 689 | GBP | 188 752 | 217 085 | 3,92 |
|  |  |  | 188 752 | 217 085 | 3,92 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 188 752 | 217 085 | 3,92 |
| Pays-Bas |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 469 | EUR | 127 912 | 271 739 | 4,91 |
|  |  |  | 127 912 | 271 739 | 4,91 |
| Arts graphiques et édition |  |  |  |  |  |
| Wolters Kluwer NV | 2 090 | EUR | 133 095 | 177 065 | 3,20 |
|  |  |  | 133 095 | 177 065 | 3,20 |
| Tabac et alcool |  |  |  |  |  |
| Heineken NV | 1 800 | EUR | 163 446 | 183 960 | 3,32 |
|  |  |  | 163 446 | 183 960 | 3,32 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 424 453 | 632 764 | 11,43 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 1 962 | EUR | 122 121 | 116 386 | 2,10 |
|  |  |  | 122 121 | 116 386 | 2,10 |
| Commerce de détail |  |  |  |  |  |
| Industria de Diseno Textil SA | 6 100 | EUR | 168 316 | 181 231 | 3,27 |
|  |  |  | 168 316 | 181 231 | 3,27 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 290 437 | 297 617 | 5,37 |
| Suisse |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Givaudan SA | 25 | CHF | 69 876 | 98 136 | 1,77 |
| Lonza Group AG | 150 | CHF | 76 624 | 89 737 | 1,62 |
|  |  |  | 146 500 | 187 873 | 3,39 |

| Comgest Growth Europe Compounders |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Construction et matériaux de construction |  |  |  |  |  |
| Geberit AG | 156 | CHF | 65 873 | 98 764 | 1,78 |
|  |  |  | 65 873 | 98 764 | 1,78 |
| Alimentation et distilleries |  |  |  |  |  |
| Nestlé SA | 3 177 | CHF | 298 869 | 333 934 | 6,03 |
|  |  |  | 298 869 | 333 934 | 6,03 |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Alcon Inc | 1 400 | CHF | 79 320 | 82 733 | 1,49 |
|  |  |  | 79 320 | 82 733 | 1,49 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 860 | CHF | 247 651 | 273 451 | 4,94 |
|  |  | 247 651 | 273 451 | 4,94 |
|  |  |  |  |  |
| Total pour la Suisse |  | 838 213 | 976 755 | 17,63 |
|  |  |  |  |  |
| Actions |  | 4 269 195 | 5 322 093 | 96,12 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 4 269 195 | 5 322 093 | 96,12 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 4 269 195 | 5 322 093 | 96,12 |
| Liquidités et autres actifs nets |  |  | 214 875	 | 3,88 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 5 536 968 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 95,96 |

| Comgest Growth Europe Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| SimCorp A/S | 26 135 | DKK | 2 584 384 | 2 766 653 | 0,71 |
|  |  |  | 2 584 384 | 2 766 653 | 0,71 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 104 060 | DKK | 3 059 343 | 3 373 870 | 0,86 |
| Coloplast A/S - Actions B | 15 440 | DKK | 2 155 343 | 2 136 534 | 0,55 |
| Novo Nordisk A/S - Actions B | 268 590 | DKK | 15 844 487 | 18 976 983 | 4,85 |
|  |  |  | 21 059 173 | 24 487 387 | 6,26 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 23 643 557 | 27 254 040 | 6,97 |
| France |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Orpea SA | 74 211 | EUR | 7 474 517 | 7 959 130 | 2,03 |
|  |  |  | 7 474 517 | 7 959 130 | 2,03 |
| Logiciel Internet |  |  |  |  |  |
| Dassault Systèmes SE | 66 714 | EUR | 10 064 874 | 13 643 013 | 3,49 |
|  |  |  | 10 064 874 | 13 643 013 | 3,49 |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 30 422 | EUR | 7 992 769 | 10 413 451 | 2,66 |
|  |  |  | 7 992 769 | 10 413 451 | 2,66 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 123 529 | EUR | 14 206 083 | 19 226 054 | 4,91 |
| L’Oréal SA | 30 421 | EUR | 8 358 268 | 11 432 212 | 2,92 |
|  |  |  | 22 564 351 | 30 658 266 | 7,83 |
| Textile |  |  |  |  |  |
| Hermès International | 4 341 | EUR | 3 211 337 | 5 332 919 | 1,36 |
| LVMH Moët Hennessy Louis Vuitton SE | 25 404 | EUR | 10 228 051 | 16 799 665 | 4,29 |
|  |  |  | 13 439 388 | 22 132 584 | 5,65 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 61 535 899 | 84 806 444 | 21,66 |

| Comgest Growth Europe Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Nemetschek SE | 42 005 | EUR | 2 478 900 | 2 710 162 | 0,69 |
|  |  |  | 2 478 900 | 2 710 162 | 0,69 |
| Textile |  |  |  |  |  |
| adidas AG | 18 634 | EUR | 5 559 152 | 5 849 213 | 1,50 |
|  |  |  | 5 559 152 | 5 849 213 | 1,50 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 8 038 052 | 8 559 375 | 2,19 |
| Grande-Bretagne |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Halma PLC | 108 441 | GBP | 2 737 708 | 3 400 601 | 0,87 |
|  |  |  | 2 737 708 | 3 400 601 | 0,87 |
| Alimentation et distilleries |  |  |  |  |  |
| Unilever PLC | 128 494 | EUR | 6 108 821 | 6 343 106 | 1,62 |
|  |  |  | 6 108 821 | 6 343 106 | 1,62 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 8 846 529 | 9 743 707 | 2,49 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 110 655 | EUR | 6 516 883 | 8 812 565 | 2,25 |
|  |  |  | 6 516 883 | 8 812 565 | 2,25 |
| Mécanique et machines-outils |  |  |  |  |  |
| Linde PLC | 59 101 | EUR | 12 988 893 | 14 382 228 | 3,69 |
|  |  |  | 12 988 893 | 14 382 228 | 3,69 |
| Autres services |  |  |  |  |  |
| Accenture PLC | 55 752 | USD | 10 612 638 | 13 858 784 | 3,54 |
|  |  |  | 10 612 638 | 13 858 784 | 3,54 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 66 510 | USD | 10 426 095 | 11 593 121 | 2,96 |
|  |  |  | 10 426 095 | 11 593 121 | 2,96 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 40 544 509 | 48 646 698 | 12,44 |

| Comgest Growth Europe Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Amplifon SpA | 152 506 | EUR | 3 861 663 | 6 350 350 | 1,62 |
|  |  |  | 3 861 663 | 6 350 350 | 1,62 |
| Tabac et alcool |  |  |  |  |  |
| Davide Campari-Milano NV | 679 085 | EUR | 5 573 105 | 7 670 265 | 1,96 |
|  |  |  | 5 573 105 | 7 670 265 | 1,96 |
|  |  |  |  |  |  |
| Total pour l’Italie |  |  | 9 434 768 | 14 020 615 | 3,58 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 326 563 | GBP | 9 550 985 | 10 598 275 | 2,71 |
|  |  |  | 9 550 985 | 10 598 275 | 2,71 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 9 550 985 | 10 598 275 | 2,71 |
| Pays-Bas |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Ferrari NV | 44 173 | EUR | 7 008 066 | 7 686 102 | 1,96 |
|  |  |  | 7 008 066 | 7 686 102 | 1,96 |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 1 626 | EUR | 2 051 403 | 3 350 373 | 0,86 |
|  |  |  | 2 051 403 | 3 350 373 | 0,86 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 51 590 | EUR | 16 818 881 | 29 891 246 | 7,64 |
|  |  |  | 16 818 881 | 29 891 246 | 7,64 |
| Logiciel Internet |  |  |  |  |  |
| Prosus NV | 131 452 | EUR | 11 838 115 | 10 840 846 | 2,77 |
|  |  |  | 11 838 115 | 10 840 846 | 2,77 |
| Tabac et alcool |  |  |  |  |  |
| Heineken NV | 134 905 | EUR | 10 813 519 | 13 787 291 | 3,52 |
|  |  |  | 10 813 519 | 13 787 291 | 3,52 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 48 529 984 | 65 555 858 | 16,75 |

| Comgest Growth Europe Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Portugal |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 539 416 | EUR | 8 071 465 | 8 296 218 | 2,12 |
|  |  |  | 8 071 465 | 8 296 218 | 2,12 |
|  |  |  |  |  |  |
| Total pour le Portugal |  |  | 8 071 465 | 8 296 218 | 2,12 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 133 416 | EUR | 6 280 588 | 7 914 237 | 2,02 |
|  |  |  | 6 280 588 | 7 914 237 | 2,02 |
| Commerce de détail |  |  |  |  |  |
| Industria de Diseno Textil SA | 400 484 | EUR | 9 688 470 | 11 898 380 | 3,04 |
|  |  |  | 9 688 470 | 11 898 380 | 3,04 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 15 969 058 | 19 812 617 | 5,06 |
| Suède |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Assa Abloy AB | 369 227 | SEK | 7 171 156 | 9 385 432 | 2,40 |
|  |  |  | 7 171 156 | 9 385 432 | 2,40 |
|  |  |  |  |  |  |
| Total pour la Suède |  |  | 7 171 156 | 9 385 432 | 2,40 |
| Suisse |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lonza Group AG | 19 269 | CHF | 8 815 563 | 11 527 787 | 2,95 |
| Sika AG | 36 560 | CHF | 6 712 008 | 10 088 972 | 2,58 |
|  |  |  | 15 527 571 | 21 616 759 | 5,53 |
| Alimentation et distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 1 491 | CHF | 10 993 126 | 12 520 360 | 3,20 |
|  |  |  | 10 993 126 | 12 520 360 | 3,20 |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Alcon Inc | 65 778 | CHF | 3 746 225 | 3 887 201 | 0,99 |
|  |  |  | 3 746 225 | 3 887 201 | 0,99 |

| Comgest Growth Europe Plus |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Temenos AG | 63 194 | CHF | 7 177 020 | 8 566 630 | 2,19 |
|  |  |  | 7 177 020 | 8 566 630 | 2,19 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 52 114 | CHF | 16 231 012 | 16 570 471 | 4,23 |
| Straumann Holding AG | 9 684 | CHF | 7 861 237 | 13 030 533 | 3,33 |
|  |  | 24 092 249 | 29 601 004 | 7,56 |
|  |  |  |  |  |
| Total pour la Suisse |  | 61 536 191 | 76 191 954 | 19,47 |
|  |  |  |  |  |
| Actions |  | 302 872 153 | 382 871 233 | 97,84 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 302 872 153 | 382 871 233 | 97,84 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 302 872 153 | 382 871 233 | 97,84 |
| Liquidités et autres actifs nets |  |  | 	8 444 124	 | 2,16 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 391 315 357 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 97,74 |

| Comgest Growth Europe S |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| SimCorp A/S | 9 928 | DKK | 771 185 | 1 050 979 | 1,75 |
|  |  |  | 771 185 | 1 050 979 | 1,75 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 17 610 | DKK | 376 600 | 570 958 | 0,95 |
| Coloplast A/S - Actions B | 3 160 | DKK | 275 169 | 437 270 | 0,73 |
| Novo Nordisk A/S - Actions B | 46 371 | DKK | 2 281 688 | 3 276 301 | 5,46 |
|  |  |  | 2 933 457 | 4 284 529 | 7,14 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 3 704 642 | 5 335 508 | 8,89 |
| Îles Féroé |  |  |  |  |  |
| Agriculture et pêche |  |  |  |  |  |
| Bakkafrost P/F | 16 651 | NOK | 1 112 445 | 1 160 117 | 1,93 |
|  |  |  | 1 112 445 | 1 160 117 | 1,93 |
|  |  |  |  |  |  |
| Total pour les Îles Féroé |  |  | 1 112 445 | 1 160 117 | 1,93 |
| France |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Dassault Systèmes SE | 10 564 | EUR | 1 292 324 | 2 160 338 | 3,60 |
|  |  |  | 1 292 324 | 2 160 338 | 3,60 |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 4 614 | EUR | 1 285 907 | 1 579 372 | 2,63 |
|  |  |  | 1 285 907 | 1 579 372 | 2,63 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 20 074 | EUR | 2 289 952 | 3 124 317 | 5,21 |
| L’Oréal SA | 5 893 | EUR | 1 215 991 | 2 214 589 | 3,69 |
| Sartorius Stedim Biotech | 2 230 | EUR | 333 033 | 889 547 | 1,48 |
|  |  |  | 3 838 976 | 6 228 453 | 10,38 |

| Comgest Growth Europe S |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Textile |  |  |  |  |  |
| Hermès International | 1 368 | EUR | 811 209 | 1 680 588 | 2,80 |
|  |  |  | 811 209 | 1 680 588 | 2,80 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 7 228 416 | 11 648 751 | 19,41 |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 4 125 | EUR | 749 036 | 861 713 | 1,44 |
|  |  |  | 749 036 | 861 713 | 1,44 |
| Logiciel Internet |  |  |  |  |  |
| Nemetschek SE | 6 647 | EUR | 392 046 | 428 863 | 0,71 |
|  |  |  | 392 046 | 428 863 | 0,71 |
| Commerce de détail |  |  |  |  |  |
| Fielmann AG | 5 069 | EUR | 309 983 | 334 300 | 0,56 |
|  |  |  | 309 983 | 334 300 | 0,56 |
| Textile |  |  |  |  |  |
| adidas AG | 2 857 | EUR | 852 929 | 896 812 | 1,49 |
|  |  |  | 852 929 | 896 812 | 1,49 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 2 303 994 | 2 521 688 | 4,20 |
| Grande-Bretagne |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| Reckitt Benckiser Group PLC | 8 115 | GBP | 595 626 | 604 717 | 1,01 |
|  |  |  | 595 626 | 604 717 | 1,01 |
| Semi-conducteurs |  |  |  |  |  |
| Halma PLC | 23 965 | GBP | 429 455 | 751 518 | 1,25 |
|  |  |  | 429 455 | 751 518 | 1,25 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 1 025 081 | 1 356 235 | 2,26 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 8 093 | EUR | 590 086 | 644 526 | 1,07 |
|  |  |  | 590 086 | 644 526 | 1,07 |

| Comgest Growth Europe S |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Mécanique et machines-outils |  |  |  |  |  |
| Linde PLC | 8 669 | EUR | 1 895 470 | 2 109 601 | 3,51 |
|  |  |  | 1 895 470 | 2 109 601 | 3,51 |
| Autres services |  |  |  |  |  |
| Accenture PLC | 10 684 | USD | 1 762 021 | 2 655 820 | 4,42 |
|  |  |  | 1 762 021 | 2 655 820 | 4,42 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 10 232 | USD | 1 490 880 | 1 783 503 | 2,97 |
|  |  |  | 1 490 880 | 1 783 503 | 2,97 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 5 738 457 | 7 193 450 | 11,97 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 58 932 | GBP | 1 464 864 | 1 912 579 | 3,19 |
|  |  |  | 1 464 864 | 1 912 579 | 3,19 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 1 464 864 | 1 912 579 | 3,19 |
| Pays-Bas |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Ferrari NV | 6 775 | EUR | 935 436 | 1 178 850 | 1,96 |
|  |  |  | 935 436 | 1 178 850 | 1,96 |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 366 | EUR | 369 546 | 754 143 | 1,26 |
|  |  |  | 369 546 | 754 143 | 1,26 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 8 342 | EUR | 2 125 279 | 4 833 355 | 8,05 |
|  |  |  | 2 125 279 | 4 833 355 | 8,05 |
| Logiciel Internet |  |  |  |  |  |
| Prosus NV | 21 090 | EUR | 1 866 177 | 1 739 292 | 2,90 |
|  |  |  | 1 866 177 | 1 739 292 | 2,90 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 5 296 438 | 8 505 640 | 14,17 |

| Comgest Growth Europe S |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 21 063 | EUR | 1 089 090 | 1 249 457 | 2,08 |
|  |  |  | 1 089 090 | 1 249 457 | 2,08 |
| Commerce de détail |  |  |  |  |  |
| Industria de Diseno Textil SA | 60 890 | EUR | 1 683 175 | 1 809 042 | 3,01 |
|  |  |  | 1 683 175 | 1 809 042 | 3,01 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 2 772 265 | 3 058 499 | 5,09 |
| Suède |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Assa Abloy AB | 41 876 | SEK | 802 344 | 1 064 452 | 1,77 |
|  |  |  | 802 344 | 1 064 452 | 1,77 |
|  |  |  |  |  |  |
| Total pour la Suède |  |  | 802 344 | 1 064 452 | 1,77 |
| Suisse |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lonza Group AG | 2 721 | CHF | 949 598 | 1 627 854 | 2,71 |
| Sika AG | 5 770 | CHF | 813 768 | 1 592 269 | 2,65 |
|  |  |  | 1 763 366 | 3 220 123 | 5,36 |
| Construction et matériaux de construction |  |  |  |  |  |
| Geberit AG | 2 214 | CHF | 960 994 | 1 401 692 | 2,33 |
|  |  |  | 960 994 | 1 401 692 | 2,33 |
| Alimentation et distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 226 | CHF | 1 353 894 | 1 897 788 | 3,16 |
| Nestlé SA | 30 361 | CHF | 2 440 350 | 3 191 239 | 5,32 |
|  |  |  | 3 794 244 | 5 089 027 | 8,48 |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Alcon Inc | 10 087 | CHF | 574 284 | 596 099 | 0,99 |
|  |  |  | 574 284 | 596 099 | 0,99 |
| Sociétés holdings et financières |  |  |  |  |  |
| Temenos AG | 9 899 | CHF | 1 088 761 | 1 341 917 | 2,24 |
|  |  |  | 1 088 761 | 1 341 917 | 2,24 |

| Comgest Growth Europe S |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 8 117 | CHF | 2 102 957 | 2 580 929 | 4,30 |
| Straumann Holding AG | 1 201 | CHF | 804 108 | 1 616 034 | 2,69 |
|  |  | 2 907 065 | 4 196 963 | 6,99 |
|  |  |  |  |  |
| Total pour la Suisse |  | 11 088 714 | 15 845 821 | 26,39 |
|  |  |  |  |  |
| Actions |  | 42 537 660 | 59 602 740 | 99,27 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 42 537 660 | 59 602 740 | 99,27 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 42 537 660 | 59 602 740 | 99,27 |
| Liquidités et autres actifs nets |  |  | 441 245	 | 0,73 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 60 043 985 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 98,98 |

| Comgest Growth Europe Opportunities |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Belgique |  |  |  |  |  |
| Métaux non ferreux |  |  |  |  |  |
| Umicore SA | 155 816 | EUR | 6 513 011 | 8 024 524 | 0,42 |
|  |  |  | 6 513 011 | 8 024 524 | 0,42 |
|  |  |  |  |  |  |
| Total pour la Belgique |  |  | 6 513 011 | 8 024 524 | 0,42 |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Netcompany Group A/S | 392 018 | DKK | 16 218 847 | 37 561 086 | 1,97 |
| SimCorp A/S | 278 764 | DKK | 22 667 849 | 29 509 988 | 1,56 |
|  |  |  | 38 886 696 | 67 071 074 | 3,53 |
| Diffusion d’actualités |  |  |  |  |  |
| GN Store Nord AS | 1 548 830 | DKK | 67 546 569 | 114 096 690 | 6,03 |
|  |  |  | 67 546 569 | 114 096 690 | 6,03 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 477 107 | DKK | 9 200 948 | 15 468 930 | 0,82 |
|  |  |  | 9 200 948 | 15 468 930 | 0,82 |
| Transports |  |  |  |  |  |
| DSV PANALPINA A/S | 383 391 | DKK | 39 980 412 | 75 402 380 | 3,98 |
|  |  |  | 39 980 412 | 75 402 380 | 3,98 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 155 614 625 | 272 039 074 | 14,36 |
| Îles Féroé |  |  |  |  |  |
| Agriculture et pêche |  |  |  |  |  |
| Bakkafrost P/F | 990 431 | NOK | 53 114 143 | 69 005 788 | 3,65 |
|  |  |  | 53 114 143 | 69 005 788 | 3,65 |
|  |  |  |  |  |  |
| Total pour les Îles Féroé |  |  | 53 114 143 | 69 005 788 | 3,65 |

| Comgest Growth Europe Opportunities |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| France |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Orpea SA | 481 782 | EUR | 47 127 610 | 51 671 120 | 2,73 |
|  |  |  | 47 127 610 | 51 671 120 | 2,73 |
| Sociétés holdings et financières |  |  |  |  |  |
| SMCP SA | 1 179 508 | EUR | 20 687 437 | 7 212 691 | 0,38 |
|  |  |  | 20 687 437 | 7 212 691 | 0,38 |
| Logiciel Internet |  |  |  |  |  |
| Capgemini SE | 603 395 | EUR | 64 782 148 | 97 749 990 | 5,16 |
|  |  |  | 64 782 148 | 97 749 990 | 5,16 |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 290 799 | EUR | 57 014 868 | 99 540 498 | 5,26 |
|  |  |  | 57 014 868 | 99 540 498 | 5,26 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Sartorius Stedim Biotech | 51 801 | EUR | 19 009 881 | 20 663 419 | 1,09 |
|  |  |  | 19 009 881 | 20 663 419 | 1,09 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 80 484 | EUR | 30 401 452 | 53 224 069 | 2,81 |
|  |  |  | 30 401 452 | 53 224 069 | 2,81 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 239 023 396 | 330 061 787 | 17,43 |
| Allemagne |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Symrise AG | 148 550 | EUR | 14 426 194 | 17 454 625 | 0,92 |
|  |  |  | 14 426 194 | 17 454 625 | 0,92 |
| Équipements électroniques et électriques |  |  |  |  |  |
| Dr Hoenle AG | 130 448 | EUR | 10 452 657 | 6 104 965 | 0,32 |
| Varta AG | 137 345 | EUR | 13 546 043 | 17 854 850 | 0,94 |
|  |  |  | 23 998 700 | 23 959 815 | 1,26 |
| Logiciel Internet |  |  |  |  |  |
| New Work SE | 51 142 | EUR | 12 644 003 | 13 552 630 | 0,72 |
|  |  |  | 12 644 003 | 13 552 630 | 0,72 |

| Comgest Growth Europe Opportunities |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Textile |  |  |  |  |  |
| adidas AG | 119 351 | EUR | 33 188 143 | 37 464 279 | 1,98 |
| Zalando SE | 546 880 | EUR | 45 994 237 | 55 754 416 | 2,95 |
|  |  |  | 79 182 380 | 93 218 695 | 4,93 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 130 251 277 | 148 185 765 | 7,83 |
| Grande-Bretagne |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| London Stock Exchange Group PLC | 396 712 | GBP | 38 676 439 | 36 831 615 | 1,95 |
|  |  |  | 38 676 439 | 36 831 615 | 1,95 |
| Autres services |  |  |  |  |  |
| Keywords Studios PLC | 604 773 | GBP | 14 669 782 | 17 541 989 | 0,93 |
|  |  |  | 14 669 782 | 17 541 989 | 0,93 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| AstraZeneca PLC | 618 462 | GBP | 55 128 556 | 62 556 137 | 3,31 |
|  |  |  | 55 128 556 | 62 556 137 | 3,31 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 108 474 777 | 116 929 741 | 6,19 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 591 349 | EUR | 30 147 594 | 47 095 034 | 2,49 |
|  |  |  | 30 147 594 | 47 095 034 | 2,49 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 468 965 | USD | 61 620 426 | 81 743 617 | 4,32 |
|  |  |  | 61 620 426 | 81 743 617 | 4,32 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 91 768 020 | 128 838 651 | 6,81 |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Amplifon SpA | 212 340 | EUR | 4 046 805 | 8 841 838 | 0,47 |
|  |  |  | 4 046 805 | 8 841 838 | 0,47 |
| Textile |  |  |  |  |  |
| Moncler SpA | 319 672 | EUR | 10 937 543 | 18 240 484 | 0,96 |
|  |  |  | 10 937 543 | 18 240 484 | 0,96 |

| Comgest Growth Europe Opportunities |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Tabac et alcool |  |  |  |  |  |
| Davide Campari-Milano NV | 3 297 157 | EUR | 27 148 388 | 37 241 388 | 1,97 |
|  |  |  | 27 148 388 | 37 241 388 | 1,97 |
|  |  |  |  |  |  |
| Total pour l’Italie |  |  | 42 132 736 | 64 323 710 | 3,40 |
| Jersey |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| boohoo Group PLC | 5 759 645 | GBP | 16 885 456 | 20 825 936 | 1,10 |
|  |  |  | 16 885 456 | 20 825 936 | 1,10 |
| Transports |  |  |  |  |  |
| Wizz Air Holdings Plc | 594 892 | GBP | 28 169 766 | 32 355 574 | 1,71 |
|  |  |  | 28 169 766 | 32 355 574 | 1,71 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 45 055 222 | 53 181 510 | 2,81 |
| Luxembourg |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| B&M European Value Retail SA | 14 265 812 | GBP | 65 655 822 | 95 255 438 | 5,03 |
|  |  |  | 65 655 822 | 95 255 438 | 5,03 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 65 655 822 | 95 255 438 | 5,03 |
| Pays-Bas |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Ferrari NV | 111 523 | EUR | 14 082 702 | 19 405 002 | 1,03 |
|  |  |  | 14 082 702 | 19 405 002 | 1,03 |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 12 335 | EUR | 10 516 368 | 25 416 268 | 1,34 |
|  |  |  | 10 516 368 | 25 416 268 | 1,34 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 223 042 | EUR | 49 188 532 | 129 230 535 | 6,83 |
|  |  |  | 49 188 532 | 129 230 535 | 6,83 |
| Sociétés holdings et financières |  |  |  |  |  |
| Alfen Beheer BV | 198 942 | EUR | 13 815 403 | 15 666 683 | 0,83 |
| TKH Group NV | 430 577 | EUR | 15 361 433 | 18 316 746 | 0,97 |
|  |  |  | 29 176 836 | 33 983 429 | 1,80 |

| Comgest Growth Europe Opportunities |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Logiciel Internet |  |  |  |  |  |
| Prosus NV | 764 399 | EUR | 56 212 037 | 63 039 986 | 3,33 |
|  |  |  | 56 212 037 | 63 039 986 | 3,33 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 159 176 475 | 271 075 220 | 14,33 |
| Suisse |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lonza Group AG | 89 406 | CHF | 26 808 199 | 53 487 641 | 2,83 |
| Sika AG | 315 179 | CHF | 43 801 873 | 86 975 717 | 4,60 |
|  |  |  | 70 610 072 | 140 463 358 | 7,43 |
| Sociétés holdings et financières |  |  |  |  |  |
| Temenos AG | 615 111 | CHF | 73 605 536 | 83 384 950 | 4,41 |
| VAT Group AG | 47 547 | CHF | 5 714 131 | 13 342 119 | 0,69 |
|  |  |  | 79 319 667 | 96 727 069 | 5,10 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 149 929 739 | 237 190 427 | 12,53 |
|  |  |  |  |  |  |
| Actions |  |  | 1 246 709 243 | 1 794 111 635 | 94,79 |
| Certificats de dépôts américains |  |  |  |  |  |
| Allemagne |  |  |  |  |  |
| Biotechnologie |  |  |  |  |  |
| BioNTech SE | 203 206 | USD | 18 049 385 | 38 362 222 | 2,03 |
|  |  |  | 18 049 385 | 38 362 222 | 2,03 |
|  |  |  |  |  |  |
| Allemagne |  |  | 18 049 385 | 38 362 222 | 2,03 |
|  |  |  |  |  |  |
| Certificats de dépôts américains |  |  | 18 049 385 | 38 362 222 | 2,03 |
|  |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 1 264 758 628 | 1 832 473 857 | 96,82 |

| Comgest Growth Europe Opportunities |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Autres valeurs mobilières |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| AMPLIFON N | 438 975 | EUR | 6 797 133 | 18 278 919 | 0,97 |
|  |  | 6 797 133 | 18 278 919 | 0,97 |
|  |  |  |  |  |
| Total pour l’Italie |  | 6 797 133 | 18 278 919 | 0,97 |
|  |  |  |  |  |
| Actions |  | 6 797 133 | 18 278 919 | 0,97 |
|  |  |  |  |  |
| Autres valeurs mobilières |  | 6 797 133 | 18 278 919 | 0,97 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 1 271 555 761 | 1 850 752 776 | 97,79 |
| Total des instruments financiers dérivés (Note 6) |  |  | 294 136 | 0,02 |
| Liquidités et autres actifs nets |  |  | 41 512 888	 | 2,19 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 1 892 559 800 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 96,26 |
| Autres valeurs mobilières |  |  |  | 0,96 |
| Instruments dérivés |  |  |  | 0,02 |

| Comgest Growth Europe Smaller Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Netcompany Group A/S | 393 315 | DKK | 15 791 840 | 37 685 358 | 3,45 |
| SimCorp A/S | 470 157 | DKK | 38 631 328 | 49 770 873 | 4,56 |
|  |  |  | 54 423 168 | 87 456 231 | 8,01 |
| Diffusion d’actualités |  |  |  |  |  |
| GN Store Nord AS | 1 045 227 | DKK | 47 457 095 | 76 998 084 | 7,05 |
|  |  |  | 47 457 095 | 76 998 084 | 7,05 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 519 685 | DKK | 7 686 672 | 16 849 408 | 1,54 |
|  |  |  | 7 686 672 | 16 849 408 | 1,54 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 109 566 935 | 181 303 723 | 16,60 |
| Îles Féroé |  |  |  |  |  |
| Agriculture et pêche |  |  |  |  |  |
| Bakkafrost P/F | 600 993 | NOK | 32 809 192 | 41 872 675 | 3,84 |
|  |  |  | 32 809 192 | 41 872 675 | 3,84 |
|  |  |  |  |  |  |
| Total pour les Îles Féroé |  |  | 32 809 192 | 41 872 675 | 3,84 |
| France |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Orpea SA | 351 211 | EUR | 35 255 014 | 37 667 380 | 3,45 |
|  |  |  | 35 255 014 | 37 667 380 | 3,45 |
| Sociétés holdings et financières |  |  |  |  |  |
| SMCP SA | 709 386 | EUR | 13 906 103 | 4 337 895 | 0,40 |
|  |  |  | 13 906 103 | 4 337 895 | 0,40 |
| Logiciel Internet |  |  |  |  |  |
| Pharmagest Interactive | 160 000 | EUR | 11 416 349 | 14 864 000 | 1,36 |
|  |  |  | 11 416 349 | 14 864 000 | 1,36 |

| Comgest Growth Europe Smaller Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 32 079 | EUR | 5 750 482 | 10 980 642 | 1,01 |
|  |  |  | 5 750 482 | 10 980 642 | 1,01 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 66 327 948 | 67 849 917 | 6,22 |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 55 886 | EUR | 8 441 510 | 11 674 585 | 1,07 |
|  |  |  | 8 441 510 | 11 674 585 | 1,07 |
| Équipements électroniques et électriques |  |  |  |  |  |
| Rational AG | 11 556 | EUR | 5 773 548 | 8 828 784 | 0,81 |
|  |  |  | 5 773 548 | 8 828 784 | 0,81 |
| Arts graphiques et édition |  |  |  |  |  |
| CTS Eventim AG & Co KGaA | 129 556 | EUR | 4 998 130 | 6 827 601 | 0,63 |
|  |  |  | 4 998 130 | 6 827 601 | 0,63 |
| Logiciel Internet |  |  |  |  |  |
| Bechtle AG | 108 074 | EUR | 17 798 264 | 16 929 792 | 1,55 |
| Nemetschek SE | 455 416 | EUR | 25 930 790 | 29 383 440 | 2,69 |
| New Work SE | 38 545 | EUR | 8 994 192 | 10 214 425 | 0,94 |
|  |  |  | 52 723 246 | 56 527 657 | 5,18 |
| Mécanique et machines-outils |  |  |  |  |  |
| STRATEC SE | 328 201 | EUR | 29 308 762 | 38 662 078 | 3,54 |
|  |  |  | 29 308 762 | 38 662 078 | 3,54 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Carl Zeiss Meditec AG | 82 663 | EUR | 8 931 633 | 13 469 936 | 1,23 |
|  |  |  | 8 931 633 | 13 469 936 | 1,23 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 110 176 829 | 135 990 641 | 12,46 |
| Grande-Bretagne |  |  |  |  |  |
| Agriculture et pêche |  |  |  |  |  |
| Genus PLC | 554 417 | GBP | 21 937 067 | 32 033 568 | 2,93 |
|  |  |  | 21 937 067 | 32 033 568 | 2,93 |
| Semi-conducteurs |  |  |  |  |  |
| Halma PLC | 626 781 | GBP | 11 053 133 | 19 655 223 | 1,80 |
|  |  |  | 11 053 133 | 19 655 223 | 1,80 |

| Comgest Growth Europe Smaller Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Autres services |  |  |  |  |  |
| Auto Trader Group PLC | 2 232 069 | GBP | 15 375 701 | 16 469 210 | 1,51 |
| Keywords Studios PLC | 749 264 | GBP | 22 805 234 | 21 733 082 | 1,99 |
|  |  |  | 38 180 935 | 38 202 292 | 3,50 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Dechra Pharmaceuticals PLC | 992 121 | GBP | 34 720 162 | 50 504 861 | 4,63 |
|  |  |  | 34 720 162 | 50 504 861 | 4,63 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 105 891 297 | 140 395 944 | 12,86 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 416 809 | EUR | 19 741 717 | 33 194 669 | 3,04 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 396 778 | USD | 58 074 784 | 69 160 959 | 6,34 |
|  |  |  | 77 816 501 | 102 355 628 | 9,38 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 77 816 501 | 102 355 628 | 9,38 |
| Italie |  |  |  |  |  |
| Biens de consommation |  |  |  |  |  |
| Technogym SpA | 1 766 295 | EUR | 16 385 133 | 19 005 334 | 1,74 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Amplifon SpA | 751 422 | EUR | 15 510 611 | 31 289 212 | 2,87 |
| Textile |  |  |  |  |  |
| Moncler SpA | 516 741 | EUR | 18 057 148 | 29 485 241 | 2,70 |
| Tabac et alcool |  |  |  |  |  |
| Davide Campari-Milano NV | 2 910 968 | EUR | 23 017 613 | 32 879 384 | 3,01 |
|  |  |  | 72 970 505 | 112 659 171 | 10,32 |
|  |  |  |  |  |  |
| Total pour l’Italie |  |  | 72 970 505 | 112 659 171 | 10,32 |

| Comgest Growth Europe Smaller Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Jersey |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| boohoo Group PLC | 2 818 176 | GBP | 8 559 112 | 10 190 064 | 0,93 |
| Transports |  |  |  |  |  |
| Wizz Air Holdings Plc | 400 560 | GBP | 16 799 986 | 21 786 053 | 2,00 |
|  |  |  | 25 359 098 | 31 976 117 | 2,93 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 25 359 098 | 31 976 117 | 2,93 |
| Luxembourg |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| B&M European Value Retail SA | 9 622 632 | GBP | 43 000 065 | 64 252 076 | 5,89 |
|  |  |  | 43 000 065 | 64 252 076 | 5,89 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 43 000 065 | 64 252 076 | 5,89 |
| Portugal |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 1 472 377 | EUR | 21 008 251 | 22 645 158 | 2,07 |
|  |  |  | 21 008 251 | 22 645 158 | 2,07 |
|  |  |  |  |  |  |
| Total pour le Portugal |  |  | 21 008 251 | 22 645 158 | 2,07 |
| Suède |  |  |  |  |  |
| Autres services |  |  |  |  |  |
| MIPS AB | 226 418 | SEK | 9 688 306 | 16 431 100 | 1,51 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Vitrolife AB | 823 450 | SEK | 13 687 886 | 28 872 000 | 2,64 |
|  |  |  | 23 376 192 | 45 303 100 | 4,15 |
|  |  |  |  |  |  |
| Total pour la Suède |  |  | 23 376 192 | 45 303 100 | 4,15 |

| Comgest Growth Europe Smaller Companies |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Suisse |  |  |  |  |  |
| Équipements électroniques et électriques |  |  |  |  |  |
| Belimo Holding AG | 25 480 | CHF | 8 368 132 | 9 832 301 | 0,90 |
| Sociétés holdings et financières |  |  |  |  |  |
| Medacta Group SA | 85 112 | CHF | 9 045 068 | 9 425 944 | 0,86 |
| Temenos AG | 344 218 | CHF | 39 374 325 | 46 662 473 | 4,27 |
|  |  |  | 56 787 525 | 65 920 718 | 6,03 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 56 787 525 | 65 920 718 | 6,03 |
|  |  |  |  |  |  |
| Actions |  |  | 745 090 338 | 1 012 524 868 | 92,75 |
|  |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 745 090 338 | 1 012 524 868 | 92,75 |
| Autres valeurs mobilières |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| AMPLIFON N | 345 422 | EUR | 5 555 549 | 14 383 372 | 1,32 |
|  |  | 5 555 549 | 14 383 372 | 1,32 |
|  |  |  |  |  |
| Total pour l’Italie |  | 5 555 549 | 14 383 372 | 1,32 |
|  |  |  |  |  |
| Actions |  | 5 555 549 | 14 383 372 | 1,32 |
|  |  |  |  |  |
| Autres valeurs mobilières |  | 5 555 549 | 14 383 372 | 1,32 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 750 645 887 | 1 026 908 240 | 94,07 |
| Liquidités et autres actifs nets |  |  | 64 731 480	 | 5,93 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 1 091 639 720 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 92,47 |
| Autres valeurs mobilières |  |  |  | 1,31 |

| Comgest Growth Europe ex Switzerland |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en CHF) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition CHF | Juste valeur CHF | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| SimCorp A/S | 19 606 | DKK | 1 751 160 | 2 275 129 | 1,34 |
|  |  |  | 1 751 160 | 2 275 129 | 1,34 |
| Diffusion d’actualités |  |  |  |  |  |
| GN Store Nord AS | 38 110 | DKK | 2 684 793 | 3 077 463 | 1,81 |
|  |  |  | 2 684 793 | 3 077 463 | 1,81 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 42 407 | DKK | 622 107 | 1 507 185 | 0,89 |
| Coloplast A/S - Actions B | 7 463 | DKK | 560 118 | 1 132 037 | 0,66 |
| Novo Nordisk A/S - Actions B | 110 112 | DKK | 5 425 858 | 8 528 185 | 5,01 |
|  |  |  | 6 608 083 | 11 167 407 | 6,56 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 11 044 036 | 16 519 999 | 9,71 |
| Îles Féroé |  |  |  |  |  |
| Agriculture et pêche |  |  |  |  |  |
| Bakkafrost P/F | 72 665 | NOK | 4 307 134 | 5 549 722 | 3,26 |
|  |  |  | 4 307 134 | 5 549 722 | 3,26 |
|  |  |  |  |  |  |
| Total pour les Îles Féroé |  |  | 4 307 134 | 5 549 722 | 3,26 |
| France |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Orpea SA | 36 174 | EUR | 4 147 841 | 4 252 834 | 2,50 |
|  |  |  | 4 147 841 | 4 252 834 | 2,50 |
| Logiciel Internet |  |  |  |  |  |
| Dassault Systèmes SE | 26 585 | EUR | 3 041 010 | 5 959 566 | 3,50 |
|  |  |  | 3 041 010 | 5 959 566 | 3,50 |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 13 511 | EUR | 3 233 247 | 5 069 662 | 2,98 |
|  |  |  | 3 233 247 | 5 069 662 | 2,98 |

| Comgest Growth Europe ex Switzerland |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en CHF) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition CHF | Juste valeur CHF | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 52 169 | EUR | 5 793 585 | 8 900 581 | 5,23 |
| L’Oréal SA | 12 720 | EUR | 2 135 719 | 5 239 966 | 3,08 |
| Sartorius Stedim Biotech | 4 179 | EUR | 1 751 285 | 1 827 347 | 1,07 |
|  |  |  | 9 680 589 | 15 967 894 | 9,38 |
| Textile |  |  |  |  |  |
| LVMH Moët Hennessy Louis Vuitton SE | 10 067 | EUR | 2 735 357 | 7 297 653 | 4,29 |
|  |  |  | 2 735 357 | 7 297 653 | 4,29 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 22 838 044 | 38 547 609 | 22,65 |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 16 581 | EUR | 3 313 964 | 3 796 941 | 2,23 |
|  |  |  | 3 313 964 | 3 796 941 | 2,23 |
| Logiciel Internet |  |  |  |  |  |
| Nemetschek SE | 38 520 | EUR | 2 512 207 | 2 724 365 | 1,60 |
|  |  |  | 2 512 207 | 2 724 365 | 1,60 |
| Textile |  |  |  |  |  |
| adidas AG | 13 147 | EUR | 4 255 229 | 4 523 792 | 2,66 |
|  |  |  | 4 255 229 | 4 523 792 | 2,66 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 10 081 400 | 11 045 098 | 6,49 |
| Grande-Bretagne |  |  |  |  |  |
| Alimentation et distilleries |  |  |  |  |  |
| Unilever PLC | 31 014 | EUR | 1 381 194 | 1 678 269 | 0,99 |
|  |  |  | 1 381 194 | 1 678 269 | 0,99 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| AstraZeneca PLC | 44 699 | GBP | 4 273 044 | 4 956 092 | 2,91 |
|  |  |  | 4 273 044 | 4 956 092 | 2,91 |
|  |  |  |  |  |  |
| Total pour la Grande-Bretagne |  |  | 5 654 238 | 6 634 361 | 3,90 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 22 758 | EUR | 1 501 613 | 1 986 781 | 1,17 |
|  |  |  | 1 501 613 | 1 986 781 | 1,17 |

| Comgest Growth Europe ex Switzerland |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en CHF) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition CHF | Juste valeur CHF | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Mécanique et machines-outils |  |  |  |  |  |
| Linde PLC | 26 819 | EUR | 6 365 827 | 7 154 159 | 4,20 |
|  |  |  | 6 365 827 | 7 154 159 | 4,20 |
| Autres services |  |  |  |  |  |
| Accenture PLC | 25 285 | USD | 4 295 167 | 6 889 890 | 4,05 |
|  |  |  | 4 295 167 | 6 889 890 | 4,05 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 28 815 | USD | 4 560 342 | 5 505 752 | 3,24 |
|  |  |  | 4 560 342 | 5 505 752 | 3,24 |
| Transports |  |  |  |  |  |
| Ryanair Holdings PLC | 108 056 | EUR | 1 599 600 | 1 890 455 | 1,11 |
|  |  |  | 1 599 600 | 1 890 455 | 1,11 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 18 322 549 | 23 427 037 | 13,77 |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Amplifon SpA | 45 000 | EUR | 838 158 | 2 054 035 | 1,21 |
|  |  |  | 838 158 | 2 054 035 | 1,21 |
| Tabac et alcool |  |  |  |  |  |
| Davide Campari-Milano NV | 315 681 | EUR | 2 846 284 | 3 908 583 | 2,30 |
|  |  |  | 2 846 284 | 3 908 583 | 2,30 |
|  |  |  |  |  |  |
| Total pour l’Italie |  |  | 3 684 442 | 5 962 618 | 3,51 |
| Jersey |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Experian PLC | 144 435 | GBP | 3 064 908 | 5 138 369 | 3,02 |
|  |  |  | 3 064 908 | 5 138 369 | 3,02 |
|  |  |  |  |  |  |
| Total pour Jersey |  |  | 3 064 908 | 5 138 369 | 3,02 |
| Luxembourg |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| B&M European Value Retail SA | 477 318 | GBP | 1 954 961 | 3 493 701 | 2,05 |
|  |  |  | 1 954 961 | 3 493 701 | 2,05 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 1 954 961 | 3 493 701 | 2,05 |

| Comgest Growth Europe ex Switzerland |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en CHF) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition CHF | Juste valeur CHF | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pays-Bas |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Ferrari NV | 17 787 | EUR | 2 785 923 | 3 392 631 | 1,99 |
|  |  |  | 2 785 923 | 3 392 631 | 1,99 |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 597 | EUR | 454 466 | 1 348 440 | 0,79 |
|  |  |  | 454 466 | 1 348 440 | 0,79 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 21 212 | EUR | 4 288 373 | 13 472 393 | 7,92 |
|  |  |  | 4 288 373 | 13 472 393 | 7,92 |
| Logiciel Internet |  |  |  |  |  |
| Prosus NV | 58 205 | EUR | 5 551 365 | 5 261 880 | 3,09 |
|  |  |  | 5 551 365 | 5 261 880 | 3,09 |
| Tabac et alcool |  |  |  |  |  |
| Heineken NV | 65 109 | EUR | 5 747 140 | 7 294 181 | 4,29 |
|  |  |  | 5 747 140 | 7 294 181 | 4,29 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 18 827 267 | 30 769 525 | 18,08 |
| Portugal |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 289 478 | EUR | 4 599 451 | 4 880 413 | 2,87 |
|  |  |  | 4 599 451 | 4 880 413 | 2,87 |
|  |  |  |  |  |  |
| Total pour le Portugal |  |  | 4 599 451 | 4 880 413 | 2,87 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 51 417 | EUR | 2 555 660 | 3 343 432 | 1,95 |
|  |  |  | 2 555 660 | 3 343 432 | 1,95 |
| Commerce de détail |  |  |  |  |  |
| Industria de Diseno Textil SA | 183 223 | EUR | 5 492 458 | 5 967 154 | 3,51 |
|  |  |  | 5 492 458 | 5 967 154 | 3,51 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 8 048 118 | 9 310 586 | 5,46 |

| Comgest Growth Europe ex Switzerland |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en CHF) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition CHF | Juste valeur CHF | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Suède |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Assa Abloy AB | 161 697 | SEK | 3 220 457 | 4 505 546 | 2,65 |
|  |  |  | 3 220 457 | 4 505 546 | 2,65 |
|  |  |  |  |  |  |
| Total pour la Suède |  |  | 3 220 457 | 4 505 546 | 2,65 |
|  |  |  |  |  |  |
| Actions |  |  | 115 647 005 | 165 784 584 | 97,42 |
|  |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 115 647 005 | 165 784 584 | 97,42 |
| Autres valeurs mobilières |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| AMPLIFON N | 56 996 | EUR | 1 061 592 | 2 601 595 | 1,53 |
|  |  | 1 061 592 | 2 601 595 | 1,53 |
|  |  |  |  |  |
| Total pour l’Italie |  | 1 061 592 | 2 601 595 | 1,53 |
|  |  |  |  |  |
| Actions |  | 1 061 592 | 2 601 595 | 1,53 |
|  |  |  |  |  |
| Autres valeurs mobilières |  | 1 061 592 | 2 601 595 | 1,53 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 116 708 597 | 168 386 179 | 98,95 |
| Total des instruments financiers dérivés (Note 6) |  |  | (985 373) | (0,58) |
| Liquidités et autres actifs nets |  |  | 	2 768 904	 | 1,63 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 170 169 710 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 96,72 |
| Autres valeurs mobilières |  |  |  | 1,52 |
| Instruments dérivés |  |  |  | 0,04 |

| Comgest Growth Europe ex UK |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en GBP) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition GBP | Juste valeur GBP | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Danemark |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| SimCorp A/S | 60 500 | DKK | 4 985 149 | 5 497 948 | 1,94 |
|  |  |  | 4 985 149 | 5 497 948 | 1,94 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Ambu A/S | 98 726 | DKK | 2 133 110 | 2 747 824 | 0,97 |
| Coloplast A/S - Actions B | 13 383 | DKK | 1 354 117 | 1 589 751 | 0,56 |
| Novo Nordisk A/S - Actions B | 214 321 | DKK | 10 208 466 | 12 999 151 | 4,59 |
|  |  |  | 13 695 693 | 17 336 726 | 6,12 |
|  |  |  |  |  |  |
| Total pour le Danemark |  |  | 18 680 842 | 22 834 674 | 8,06 |
| France |  |  |  |  |  |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Orpea SA | 70 224 | EUR | 6 586 138 | 6 465 405 | 2,29 |
|  |  |  | 6 586 138 | 6 465 405 | 2,29 |
| Logiciel Internet |  |  |  |  |  |
| Dassault Systèmes SE | 51 890 | EUR | 6 991 175 | 9 109 402 | 3,22 |
|  |  |  | 6 991 175 | 9 109 402 | 3,22 |
| Diffusion d’actualités |  |  |  |  |  |
| Teleperformance | 31 844 | EUR | 7 646 633 | 9 357 232 | 3,31 |
|  |  |  | 7 646 633 | 9 357 232 | 3,31 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| EssilorLuxottica SA | 94 816 | EUR | 10 470 176 | 12 668 224 | 4,48 |
| L’Oréal SA | 26 620 | EUR | 6 392 608 | 8 587 717 | 3,04 |
| Sartorius Stedim Biotech | 5 082 | EUR | 1 025 033 | 1 740 250 | 0,62 |
|  |  |  | 17 887 817 | 22 996 191 | 8,14 |
| Textile |  |  |  |  |  |
| Hermès International | 3 792 | EUR | 2 557 249 | 3 999 046 | 1,41 |
| LVMH Moët Hennessy Louis Vuitton SE | 6 772 | EUR | 2 487 749 | 3 844 398 | 1,36 |
|  |  |  | 5 044 998 | 7 843 444 | 2,77 |
|  |  |  |  |  |  |
| Total pour la France |  |  | 44 156 761 | 55 771 674 | 19,73 |

| Comgest Growth Europe ex UK |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en GBP) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition GBP | Juste valeur GBP | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| MTU Aero Engines AG | 30 276 | EUR | 5 001 513 | 5 429 375 | 1,92 |
|  |  |  | 5 001 513 | 5 429 375 | 1,92 |
| Logiciel Internet |  |  |  |  |  |
| Nemetschek SE | 53 959 | EUR | 2 766 435 | 2 988 623 | 1,06 |
|  |  |  | 2 766 435 | 2 988 623 | 1,06 |
| Textile |  |  |  |  |  |
| adidas AG | 15 732 | EUR | 4 043 537 | 4 239 241 | 1,50 |
|  |  |  | 4 043 537 | 4 239 241 | 1,50 |
|  |  |  |  |  |  |
| Total pour l’Allemagne |  |  | 11 811 485 | 12 657 239 | 4,48 |
| Irlande |  |  |  |  |  |
| Construction et matériaux de construction |  |  |  |  |  |
| Kingspan Group PLC | 110 618 | EUR | 6 112 820 | 7 562 579 | 2,67 |
|  |  |  | 6 112 820 | 7 562 579 | 2,67 |
| Autres services |  |  |  |  |  |
| Accenture PLC | 50 257 | USD | 8 669 448 | 10 724 428 | 3,79 |
|  |  |  | 8 669 448 | 10 724 428 | 3,79 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| ICON PLC | 66 584 | USD | 9 224 163 | 9 963 139 | 3,52 |
|  |  |  | 9 224 163 | 9 963 139 | 3,52 |
| Transports |  |  |  |  |  |
| Ryanair Holdings PLC | 448 104 | EUR | 5 262 220 | 6 139 382 | 2,17 |
|  |  |  | 5 262 220 | 6 139 382 | 2,17 |
|  |  |  |  |  |  |
| Total pour l’Irlande |  |  | 29 268 651 | 34 389 528 | 12,15 |
| Italie |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Amplifon SpA | 174 398 | EUR | 4 107 959 | 6 233 976 | 2,20 |
|  |  |  | 4 107 959 | 6 233 976 | 2,20 |

| Comgest Growth Europe ex UK |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en GBP) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition GBP | Juste valeur GBP | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Tabac et alcool |  |  |  |  |  |
| Davide Campari-Milano NV | 886 758 | EUR | 7 015 256 | 8 598 135 | 3,04 |
|  |  |  | 7 015 256 | 8 598 135 | 3,04 |
|  |  |  |  |  |  |
| Total pour l’Italie |  |  | 11 123 215 | 14 832 111 | 5,24 |
| Pays-Bas |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Ferrari NV | 37 294 | EUR | 4 938 897 | 5 570 589 | 1,97 |
|  |  |  | 4 938 897 | 5 570 589 | 1,97 |
| Banques et établissements financiers |  |  |  |  |  |
| Adyen NV | 1 989 | EUR | 2 122 421 | 3 518 198 | 1,24 |
|  |  |  | 2 122 421 | 3 518 198 | 1,24 |
| Semi-conducteurs |  |  |  |  |  |
| ASML Holding NV | 46 221 | EUR | 13 974 919 | 22 989 565 | 8,13 |
|  |  |  | 13 974 919 | 22 989 565 | 8,13 |
| Logiciel Internet |  |  |  |  |  |
| Prosus NV | 130 007 | EUR | 10 338 295 | 9 203 979 | 3,25 |
|  |  |  | 10 338 295 | 9 203 979 | 3,25 |
| Tabac et alcool |  |  |  |  |  |
| Heineken NV | 115 454 | EUR | 9 231 677 | 10 129 145 | 3,58 |
|  |  |  | 9 231 677 | 10 129 145 | 3,58 |
|  |  |  |  |  |  |
| Total pour les Pays-Bas |  |  | 40 606 209 | 51 411 476 | 18,17 |
| Portugal |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| Jeronimo Martins SGPS SA | 528 837 | EUR | 6 818 842 | 6 982 180 | 2,47 |
|  |  |  | 6 818 842 | 6 982 180 | 2,47 |
|  |  |  |  |  |  |
| Total pour le Portugal |  |  | 6 818 842 | 6 982 180 | 2,47 |
| Espagne |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Amadeus IT Group SA - Actions À | 165 833 | EUR | 8 330 331 | 8 444 715 | 2,98 |
|  |  |  | 8 330 331 | 8 444 715 | 2,98 |

| Comgest Growth Europe ex UK |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en GBP) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition GBP | Juste valeur GBP | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Commerce de détail |  |  |  |  |  |
| Industria de Diseno Textil SA | 338 113 | EUR | 7 903 388 | 8 623 378 | 3,05 |
|  |  |  | 7 903 388 | 8 623 378 | 3,05 |
|  |  |  |  |  |  |
| Total pour l’Espagne |  |  | 16 233 719 | 17 068 093 | 6,03 |
| Suède |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| Assa Abloy AB | 359 419 | SEK | 6 548 525 | 7 842 865 | 2,77 |
|  |  |  | 6 548 525 | 7 842 865 | 2,77 |
|  |  |  |  |  |  |
| Total pour la Suède |  |  | 6 548 525 | 7 842 865 | 2,77 |
| Suisse |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lonza Group AG | 15 966 | CHF | 5 750 733 | 8 199 659 | 2,90 |
| Sika AG | 30 968 | CHF | 4 993 144 | 7 336 126 | 2,59 |
|  |  |  | 10 743 877 | 15 535 785 | 5,49 |
| Alimentation et distilleries |  |  |  |  |  |
| Chocoladefabriken Lindt & Spruengli AG | 1 175 | CHF | 7 144 425 | 8 470 127 | 2,99 |
|  |  |  | 7 144 425 | 8 470 127 | 2,99 |
| Santé, éducation et services sociaux |  |  |  |  |  |
| Alcon Inc | 55 533 | CHF | 2 736 024 | 2 817 217 | 1,00 |
|  |  |  | 2 736 024 | 2 817 217 | 1,00 |
| Sociétés holdings et financières |  |  |  |  |  |
| Temenos AG | 57 572 | CHF | 5 736 591 | 6 699 747 | 2,37 |
|  |  |  | 5 736 591 | 6 699 747 | 2,37 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Roche Holding AG | 45 822 | CHF | 11 473 671 | 12 507 410 | 4,42 |
| Straumann Holding AG | 9 920 | CHF | 7 556 857 | 11 458 611 | 4,05 |
|  |  |  | 19 030 528 | 23 966 021 | 8,47 |
|  |  |  |  |  |  |
| Total pour la Suisse |  |  | 45 391 445 | 57 488 897 | 20,32 |
|  |  |  |  |  |  |
| Actions |  |  | 230 639 694 | 281 278 737 | 99,42 |
|  |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 230 639 694 | 281 278 737 | 99,42 |

| Comgest Growth Europe ex UK |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en GBP) |

|  | Coût d’acquisition GBP | Juste valeur GBP | % de l’Actif net |
| --- | --- | --- | --- |
|  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |   230 639 694  | 281 278 737	 | 99,42 |
| Total des instruments financiers dérivés (Note 6) |  | 147 108 | 0,05 |
| Liquidités et autres actifs nets |  | 	1 487 320	 | 0,53 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  | 282 913 165 | 100,00 |
|  |  |  |  |
|  |  |  | % |
|  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 99,24 |
| Instruments dérivés |  |  | 0,08 |

| Comgest Growth Asia |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 392 660 | HKD | 5 046 631 | 8 893 932 | 2,87 |
| Tencent Holdings Ltd | 102 883 | HKD | 5 131 667 | 7 736 914 | 2,50 |
|  |  |  | 10 178 298 | 16 630 846 | 5,37 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 334 700 | HKD | 10 589 331 | 9 481 777 | 3,06 |
|  |  |  | 10 589 331 | 9 481 777 | 3,06 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Hengan International Group Co Ltd | 1 078 000 | HKD | 7 905 177 | 7 218 275 | 2,33 |
|  |  |  | 7 905 177 | 7 218 275 | 2,33 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 28 672 806 | 33 330 898 | 10,76 |
| Chine |  |  |  |  |  |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 584 527 | CNY | 2 168 642 | 3 331 779 | 1,08 |
|  |  |  | 2 168 642 | 3 331 779 | 1,08 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 940 566 | CNY | 4 562 666 | 4 675 572 | 1,51 |
|  |  |  | 4 562 666 | 4 675 572 | 1,51 |
| Assurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - Actions H | 869 500 | HKD | 8 444 400 | 8 514 911 | 2,75 |
|  |  |  | 8 444 400 | 8 514 911 | 2,75 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 15 175 708 | 16 522 262 | 5,34 |

| Comgest Growth Asia |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Inde |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 127 318 | INR | 4 468 391 | 4 239 946 | 1,37 |
|  |  |  | 4 468 391 | 4 239 946 | 1,37 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 4 468 391 | 4 239 946 | 1,37 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Shimano Inc | 26 200 | JPY | 6 019 048 | 6 220 109 | 2,01 |
|  |  |  | 6 019 048 | 6 220 109 | 2,01 |
| Industrie chimique |  |  |  |  |  |
| Shin-Etsu Chemical Co Ltd | 55 200 | JPY | 5 592 507 | 9 240 616 | 2,98 |
|  |  |  | 5 592 507 | 9 240 616 | 2,98 |
| Biens de consommation |  |  |  |  |  |
| Pigeon Corp | 187 900 | JPY | 7 050 524 | 5 298 918 | 1,71 |
|  |  |  | 7 050 524 | 5 298 918 | 1,71 |
| Semi-conducteurs |  |  |  |  |  |
| Keyence Corp | 21 000 | JPY | 5 214 809 | 10 608 793 | 3,42 |
| Lasertec Corp | 45 600 | JPY | 6 564 728 | 8 870 204 | 2,86 |
| Murata Manufacturing Co Ltd | 127 700 | JPY | 7 656 891 | 9 758 999 | 3,15 |
| Nidec Corp | 85 900 | JPY | 6 786 716 | 9 964 523 | 3,22 |
| Sony Group Corp | 82 200 | JPY | 8 526 941 | 8 009 667 | 2,58 |
|  |  |  | 34 750 085 | 47 212 186 | 15,23 |
| Équipements électroniques et électriques |  |  |  |  |  |
| FANUC Corp | 29 900 | JPY | 7 639 367 | 7 218 402 | 2,33 |
| Hamamatsu Photonics KK | 135 400 | JPY | 5 364 639 | 8 173 529 | 2,64 |
|  |  |  | 13 004 006 | 15 391 931 | 4,97 |
| Arts graphiques et édition |  |  |  |  |  |
| Recruit Holdings Co Ltd | 203 200 | JPY | 7 042 392 | 10 014 451 | 3,23 |
|  |  |  | 7 042 392 | 10 014 451 | 3,23 |
| Logiciel Internet |  |  |  |  |  |
| M3 Inc | 141 600 | JPY | 3 386 621 | 10 350 488 | 3,34 |
| SoftBank Group Corp | 109 300 | JPY | 4 848 385 | 7 656 613 | 2,47 |
|  |  |  | 8 235 006 | 18 007 101 | 5,81 |
| Loisirs |  |  |  |  |  |
| Oriental Land Co Ltd | 41 300 | JPY | 5 357 281 | 5 890 431 | 1,90 |
|  |  |  | 5 357 281 | 5 890 431 | 1,90 |

| Comgest Growth Asia |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Mécanique et machines-outils |  |  |  |  |  |
| Daifuku Co Ltd | 122 100 | JPY | 5 655 803 | 11 099 999 | 3,58 |
| Daikin Industries Ltd | 48 400 | JPY | 6 202 029 | 9 022 398 | 2,91 |
|  |  |  | 11 857 832 | 20 122 397 | 6,49 |
| Diffusion d’actualités |  |  |  |  |  |
| Hikari Tsushin Inc | 21 600 | JPY | 2 873 351 | 3 796 882 | 1,23 |
|  |  |  | 2 873 351 | 3 796 882 | 1,23 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Chugai Pharmaceutical Co Ltd | 156 000 | JPY | 6 474 157 | 6 187 152 | 2,00 |
| Kose Corp | 46 000 | JPY | 5 755 739 | 7 244 616 | 2,34 |
| Sysmex Corp | 102 100 | JPY | 7 867 520 | 12 142 715 | 3,92 |
|  |  |  | 20 097 416 | 25 574 483 | 8,26 |
| Services publics |  |  |  |  |  |
| RENOVA Inc | 177 200 | JPY | 5 775 276 | 6 984 863 | 2,25 |
|  |  |  | 5 775 276 | 6 984 863 | 2,25 |
| Commerce de détail |  |  |  |  |  |
| Fast Retailing Co Ltd | 10 800 | JPY | 5 206 702 | 8 137 705 | 2,63 |
| Nitori Holdings Co Ltd | 33 100 | JPY | 5 236 070 | 5 863 104 | 1,89 |
| Pan Pacific International Holdings Corp | 415 800 | JPY | 5 805 309 | 8 638 929 | 2,79 |
|  |  |  | 16 248 081 | 22 639 738 | 7,31 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 143 902 805 | 196 394 106 | 63,38 |
| Corée du Sud |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Samsung Electronics Co Ltd | 151 800 | KRW | 7 388 179 | 10 878 231 | 3,51 |
|  |  |  | 7 388 179 | 10 878 231 | 3,51 |
| Arts graphiques et édition |  |  |  |  |  |
| Cheil Worldwide Inc | 266 796 | KRW | 5 063 201 | 5 958 408 | 1,92 |
|  |  |  | 5 063 201 | 5 958 408 | 1,92 |
| Logiciel Internet |  |  |  |  |  |
| NCSoft Corp | 9 649 | KRW | 5 198 889 | 7 026 016 | 2,27 |
|  |  |  | 5 198 889 | 7 026 016 | 2,27 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| LG Household & Health Care Ltd | 2 294 | KRW | 2 569 304 | 3 589 321 | 1,16 |
|  |  |  | 2 569 304 | 3 589 321 | 1,16 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 20 219 573 | 27 451 976 | 8,86 |

| Comgest Growth Asia |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 397 457 | TWD | 3 204 868 | 8 487 752 | 2,74 |
|  |  |  | 3 204 868 | 8 487 752 | 2,74 |
|  |  |  |  |  |  |
| Total pour Taïwan |  |  | 3 204 868 | 8 487 752 | 2,74 |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 120 027 | USD | 8 447 243 | 8 313 070 | 2,68 |
|  |  |  | 8 447 243 | 8 313 070 | 2,68 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 8 447 243 | 8 313 070 | 2,68 |
|  |  |  |  |  |  |
| Actions |  |  | 224 091 394 | 294 740 010 | 95,13 |
|  |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 224 091 394 | 294 740 010 | 95,13 |
| Autres valeurs mobilières |  |  |  |  |  |
| Fonds de placement |  |  |  |  |  |
| France |  |  |  |  |  |
| Fonds de placement |  |  |  |  |  |
| Société de Gestion Prévoir - Prévoir Renaissance Vietnam | 12 978 | EUR | 2 734 944 | 4 104 830 | 1,32 |
|  |  | 2 734 944 | 4 104 830 | 1,32 |
|  |  |  |  |  |
| Total pour la France |  | 2 734 944 | 4 104 830 | 1,32 |
|  |  |  |  |  |
| Fonds de placement |  | 2 734 944 | 4 104 830 | 1,32 |
|  |  |  |  |  |
| Autres valeurs mobilières |  | 2 734 944 | 4 104 830 | 1,32 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 226 826 338 | 298 844 840 | 96,45 |
| Liquidités et autres actifs nets |  |  |   11 001 928	 | 3,55 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 309 846 768 | 100,00 |

| Comgest Growth Asia |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

|  | % |
| --- | --- |
|  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle | 94,92 |
| Autres valeurs mobilières | 1,32 |

| Comgest Growth Asia ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Bermudes |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| China Resources Gas Group Ltd | 574 355 | HKD | 2 675 945 | 3 446 495 | 2,68 |
|  |  |  | 2 675 945 | 3 446 495 | 2,68 |
|  |  |  |  |  |  |
| Total pour les Bermudes |  |  | 2 675 945 | 3 446 495 | 2,68 |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 133 075 | HKD | 1 562 420 | 3 014 211 | 2,35 |
| Tencent Holdings Ltd | 30 800 | HKD | 2 012 311 | 2 316 194 | 1,80 |
|  |  |  | 3 574 731 | 5 330 405 | 4,15 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 339 816 | HKD | 9 425 109 | 9 626 709 | 7,49 |
|  |  |  | 9 425 109 | 9 626 709 | 7,49 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| 3SBio Inc | 1 739 390 | HKD | 2 265 252 | 2 150 203 | 1,67 |
| Hengan International Group Co Ltd | 492 000 | HKD | 3 718 162 | 3 294 426 | 2,56 |
|  |  |  | 5 983 414 | 5 444 629 | 4,23 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 18 983 254 | 20 401 743 | 15,87 |
| Chine |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| SAIC Motor Corp Ltd - Actions À | 1 030 167 | CNY | 3 785 833 | 3 502 738 | 2,73 |
|  |  |  | 3 785 833 | 3 502 738 | 2,73 |
| Banques et établissements financiers |  |  |  |  |  |
| Midea Group Co Ltd - Actions À | 349 800 | CNY | 3 454 737 | 3 863 718 | 3,01 |
| Suofeiya Home Collection Co Ltd | 1 016 648 | CNY | 4 311 437 | 3 807 640 | 2,96 |
|  |  |  | 7 766 174 | 7 671 358 | 5,97 |

| Comgest Growth Asia ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 341 055 | CNY | 1 656 880 | 1 943 999 | 1,51 |
|  |  |  | 1 656 880 | 1 943 999 | 1,51 |
| Construction et matériaux de construction |  |  |  |  |  |
| Sany Heavy Industry Co Ltd | 278 100 | CNY | 1 315 457 | 1 251 168 | 0,97 |
|  |  |  | 1 315 457 | 1 251 168 | 0,97 |
| Équipements électroniques et électriques |  |  |  |  |  |
| TravelSky Technology Ltd | 1 765 000 | HKD | 3 718 565 | 3 809 167 | 2,96 |
|  |  |  | 3 718 565 | 3 809 167 | 2,96 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 742 238 | CNY | 3 430 338 | 3 689 680 | 2,87 |
|  |  |  | 3 430 338 | 3 689 680 | 2,87 |
| Assurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - Actions H | 687 112 | HKD | 7 150 648 | 6 728 807 | 5,24 |
|  |  |  | 7 150 648 | 6 728 807 | 5,24 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 1 632 000 | HKD | 2 727 476 | 3 807 936 | 2,96 |
|  |  |  | 2 727 476 | 3 807 936 | 2,96 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 31 551 371 | 32 404 853 | 25,21 |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 186 000 | HKD | 1 760 077 | 2 311 275 | 1,80 |
|  |  |  | 1 760 077 | 2 311 275 | 1,80 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 1 760 077 | 2 311 275 | 1,80 |
| Inde |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lupin Ltd | 147 787 | INR | 2 076 255 | 2 284 786 | 1,78 |
|  |  |  | 2 076 255 | 2 284 786 | 1,78 |

| Comgest Growth Asia ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 194 567 | INR | 5 362 710 | 6 479 473 | 5,04 |
|  |  |  | 5 362 710 | 6 479 473 | 5,04 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 7 438 965 | 8 764 259 | 6,82 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Suzuki Motor Corp | 92 600 | JPY | 3 954 173 | 3 922 088 | 3,05 |
|  |  |  | 3 954 173 | 3 922 088 | 3,05 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 3 954 173 | 3 922 088 | 3,05 |
| Luxembourg |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| L’Occitane International SA | 670 250 | HKD | 1 851 053 | 2 451 131 | 1,91 |
|  |  |  | 1 851 053 | 2 451 131 | 1,91 |
| Textile |  |  |  |  |  |
| Samsonite International SA | 1 988 100 | HKD | 5 090 260 | 4 065 370 | 3,16 |
|  |  |  | 5 090 260 | 4 065 370 | 3,16 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 6 941 313 | 6 516 501 | 5,07 |
| Afrique du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Naspers Ltd | 12 672 | ZAR | 2 421 931 | 2 660 806 | 2,07 |
|  |  |  | 2 421 931 | 2 660 806 | 2,07 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 2 421 931 | 2 660 806 | 2,07 |
| Corée du Sud |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| LG Chem Ltd | 1 772 | KRW | 1 337 676 | 1 337 506 | 1,04 |
|  |  |  | 1 337 676 | 1 337 506 | 1,04 |
| Semi-conducteurs |  |  |  |  |  |
| Samsung Electronics Co Ltd | 125 425 | KRW | 6 707 594 | 8 988 156 | 6,99 |
|  |  |  | 6 707 594 | 8 988 156 | 6,99 |

| Comgest Growth Asia ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Alimentation et distilleries |  |  |  |  |  |
| Orion Corp/Republic of Korea | 32 180 | KRW | 3 113 179 | 3 386 237 | 2,63 |
|  |  |  | 3 113 179 | 3 386 237 | 2,63 |
| Arts graphiques et édition |  |  |  |  |  |
| Cheil Worldwide Inc | 190 814 | KRW | 3 329 709 | 4 261 487 | 3,32 |
|  |  |  | 3 329 709 | 4 261 487 | 3,32 |
| Logiciel Internet |  |  |  |  |  |
| NCSoft Corp | 6 438 | KRW | 3 773 404 | 4 687 894 | 3,65 |
|  |  |  | 3 773 404 | 4 687 894 | 3,65 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| LG Household & Health Care Ltd | 1 814 | KRW | 2 101 570 | 2 838 286 | 2,21 |
|  |  |  | 2 101 570 | 2 838 286 | 2,21 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 20 363 132 | 25 499 566 | 19,84 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 211 000 | TWD | 3 845 913 | 4 505 936 | 3,51 |
|  |  |  | 3 845 913 | 4 505 936 | 3,51 |
|  |  |  |  |  |  |
| Total pour Taïwan |  |  | 3 845 913 | 4 505 936 | 3,51 |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 43 964 | USD | 3 149 348 | 3 044 947 | 2,37 |
|  |  |  | 3 149 348 | 3 044 947 | 2,37 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 3 149 348 | 3 044 947 | 2,37 |
|  |  |  |  |  |  |
| Actions |  |  | 103 085 422 | 113 478 469 | 88,29 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 44 505 | USD | 3 815 255 | 2 846 540 | 2,22 |
|  |  |  | 3 815 255 | 2 846 540 | 2,22 |

| Comgest Growth Asia ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Vipshop Holdings Ltd | 116 085 | USD | 2 629 205 | 2 330 987 | 1,81 |
|  |  |  | 2 629 205 | 2 330 987 | 1,81 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 6 444 460 | 5 177 527 | 4,03 |
|  |  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 6 444 460 | 5 177 527 | 4,03 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 109 529 882 | 118 655 996 | 92,32 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Actions |  |  |  |  |  |
| Vietnam |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| FPT Corp | 204 815 | VND | 632 504 | 783 094 | 0,61 |
| Vietnam Dairy Products JSC | 742 658 | VND | 3 023 423 | 2 916 938 | 2,27 |
|  |  | 3 655 927 | 3 700 032 | 2,88 |
|  |  |  |  |  |
| Total pour le Vietnam |  | 3 655 927 | 3 700 032 | 2,88 |
|  |  |  |  |  |
| Actions |  | 3 655 927 | 3 700 032 | 2,88 |
|  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 3 655 927 | 3 700 032 | 2,88 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 113 185 809 | 122 356 028 | 95,20 |
| Liquidités et autres actifs nets |  |  | 	6 166 248	 | 4,80 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 128 522 276 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 89,46 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  |  | 2,79 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Bermudes |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| China Resources Gas Group Ltd | 1 648 616 | HKD | 7 035 406 | 9 892 744 | 2,75 |
|  |  |  | 7 035 406 | 9 892 744 | 2,75 |
|  |  |  |  |  |  |
| Total pour les Bermudes |  |  | 7 035 406 | 9 892 744 | 2,75 |
| Îles Caïmans |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 389 775 | HKD | 3 174 795 | 8 828 586 | 2,45 |
| Tencent Holdings Ltd | 90 723 | HKD | 5 349 823 | 6 822 469 | 1,90 |
|  |  |  | 8 524 618 | 15 651 055 | 4,35 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 973 020 | HKD | 25 293 447 | 27 564 858 | 7,66 |
|  |  |  | 25 293 447 | 27 564 858 | 7,66 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| 3SBio Inc | 4 861 026 | HKD | 7 579 592 | 6 009 115 | 1,67 |
| Hengan International Group Co Ltd | 1 513 317 | HKD | 11 837 996 | 10 133 152 | 2,82 |
|  |  |  | 19 417 588 | 16 142 267 | 4,49 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 53 235 653 | 59 358 180 | 16,50 |
| Chine |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| SAIC Motor Corp Ltd - Actions À | 2 988 882 | CNY | 10 959 553 | 10 162 692 | 2,82 |
|  |  |  | 10 959 553 | 10 162 692 | 2,82 |
| Banques et établissements financiers |  |  |  |  |  |
| Midea Group Co Ltd - Actions À | 977 680 | CNY | 8 031 115 | 10 798 971 | 3,00 |
| Suofeiya Home Collection Co Ltd | 2 841 094 | CNY | 11 647 746 | 10 640 718 | 2,96 |
|  |  |  | 19 678 861 | 21 439 689 | 5,96 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 953 096 | CNY | 3 539 784 | 5 432 607 | 1,51 |
|  |  |  | 3 539 784 | 5 432 607 | 1,51 |
| Construction et matériaux de construction |  |  |  |  |  |
| Sany Heavy Industry Co Ltd | 926 900 | CNY | 4 395 688 | 4 170 113 | 1,16 |
|  |  |  | 4 395 688 | 4 170 113 | 1,16 |
| Équipements électroniques et électriques |  |  |  |  |  |
| TravelSky Technology Ltd | 5 397 966 | HKD | 10 807 197 | 11 649 720 | 3,24 |
|  |  |  | 10 807 197 | 11 649 720 | 3,24 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 2 075 803 | CNY | 9 450 463 | 10 318 858 | 2,87 |
|  |  |  | 9 450 463 | 10 318 858 | 2,87 |
| Assurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - Actions H | 1 942 616 | HKD | 16 903 201 | 19 023 810 | 5,29 |
|  |  |  | 16 903 201 | 19 023 810 | 5,29 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 4 558 529 | HKD | 6 703 326 | 10 636 390 | 2,96 |
|  |  |  | 6 703 326 | 10 636 390 | 2,96 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 82 438 073 | 92 833 879 | 25,81 |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 525 109 | HKD | 4 113 393 | 6 525 114 | 1,81 |
|  |  |  | 4 113 393 | 6 525 114 | 1,81 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 4 113 393 | 6 525 114 | 1,81 |
| Inde |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| Lupin Ltd | 421 798 | INR | 5 990 714 | 6 520 993 | 1,81 |
|  |  |  | 5 990 714 | 6 520 993 | 1,81 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Housing Development Finance Corp Ltd | 549 094 | INR | 12 911 829 | 18 285 936 | 5,08 |
|  |  |  | 12 911 829 | 18 285 936 | 5,08 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 18 902 543 | 24 806 929 | 6,89 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Suzuki Motor Corp | 267 300 | JPY | 10 716 884 | 11 321 535 | 3,15 |
|  |  |  | 10 716 884 | 11 321 535 | 3,15 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 10 716 884 | 11 321 535 | 3,15 |
| Luxembourg |  |  |  |  |  |
| Pharmacie et cosmétiques |  |  |  |  |  |
| L’Occitane International SA | 2 383 250 | HKD | 6 533 690 | 8 715 640 | 2,42 |
|  |  |  | 6 533 690 | 8 715 640 | 2,42 |
| Textile |  |  |  |  |  |
| Samsonite International SA | 5 892 935 | HKD | 18 909 018 | 12 050 178 | 3,35 |
|  |  |  | 18 909 018 | 12 050 178 | 3,35 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 25 442 708 | 20 765 818 | 5,77 |
| Afrique du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Naspers Ltd | 35 414 | ZAR | 5 822 373 | 7 436 063 | 2,07 |
|  |  |  | 5 822 373 | 7 436 063 | 2,07 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 5 822 373 | 7 436 063 | 2,07 |
| Corée du Sud |  |  |  |  |  |
| Industrie chimique |  |  |  |  |  |
| LG Chem Ltd | 2 441 | KRW | 1 842 702 | 1 842 466 | 0,51 |
|  |  |  | 1 842 702 | 1 842 466 | 0,51 |
| Semi-conducteurs |  |  |  |  |  |
| Samsung Electronics Co Ltd | 364 971 | KRW | 15 548 550 | 26 154 406 | 7,27 |
|  |  |  | 15 548 550 | 26 154 406 | 7,27 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Alimentation et distilleries |  |  |  |  |  |
| Orion Corp/Republic of Korea | 91 808 | KRW | 7 701 882 | 9 660 772 | 2,67 |
|  |  |  | 7 701 882 | 9 660 772 | 2,67 |
| Arts graphiques et édition |  |  |  |  |  |
| Cheil Worldwide Inc | 558 276 | KRW | 8 923 272 | 12 468 090 | 3,45 |
|  |  |  | 8 923 272 | 12 468 090 | 3,45 |
| Logiciel Internet |  |  |  |  |  |
| NCSoft Corp | 18 846 | KRW | 8 484 326 | 13 722 903 | 3,81 |
|  |  |  | 8 484 326 | 13 722 903 | 3,81 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| LG Household & Health Care Ltd | 5 130 | KRW | 5 284 406 | 8 026 685 | 2,23 |
|  |  |  | 5 284 406 | 8 026 685 | 2,23 |
|  |  |  |  |  |  |
| Total pour la Corée du Sud |  |  | 47 785 138 | 71 875 322 | 19,94 |
| Taïwan |  |  |  |  |  |
| Semi-conducteurs |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 621 103 | TWD | 4 356 641 | 13 263 745 | 3,69 |
|  |  |  | 4 356 641 | 13 263 745 | 3,69 |
|  |  |  |  |  |  |
| Total pour Taïwan |  |  | 4 356 641 | 13 263 745 | 3,69 |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 132 268 | USD | 8 673 015 | 9 160 882 | 2,55 |
|  |  |  | 8 673 015 | 9 160 882 | 2,55 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 8 673 015 | 9 160 882 | 2,55 |
|  |  |  |  |  |  |
| Actions |  |  | 268 521 827 | 327 240 211 | 90,93 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 142 655 | USD | 11 874 054 | 9 124 214 | 2,54 |
|  |  |  | 11 874 054 | 9 124 214 | 2,54 |

| Comgest Growth Asia Pac ex Japan |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Sociétés holdings et financières |  |  |  |  |  |
| Vipshop Holdings Ltd | 324 420 | USD | 7 578 537 | 6 514 354 | 1,81 |
|  |  |  | 7 578 537 | 6 514 354 | 1,81 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 19 452 591 | 15 638 568 | 4,35 |
|  |  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 19 452 591 | 15 638 568 | 4,35 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 287 974 418 | 342 878 779 | 95,28 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Actions |  |  |  |  |  |
| Vietnam |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| FPT Corp | 1 236 940 | VND | 3 804 374 | 4 729 346 | 1,31 |
| Vietnam Dairy Products JSC | 2 445 756 | VND | 9 650 168 | 9 606 194 | 2,67 |
|  |  | 13 454 542 | 14 335 540 | 3,98 |
|  |  |  |  |  |
| Total pour le Vietnam |  | 13 454 542 | 14 335 540 | 3,98 |
|  |  |  |  |  |
| Actions |  | 13 454 542 | 14 335 540 | 3,98 |
|  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 13 454 542 | 14 335 540 | 3,98 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 301 428 960 | 357 214 319 | 99,26 |
| Total des instruments financiers dérivés (Note 6) |  |  | (39 353) | (0,01) |
| Liquidités et autres actifs nets |  |  | 	2 685 929	 | 0,75 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 359 860 895 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 94,35 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  |  | 3,94 |

| Comgest Growth China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Bermudes |  |  |  |  |  |
| Mécanique et machines-outils |  |  |  |  |  |
| China Resources Gas Group Ltd | 3 349 546 | HKD | 12 529 767 | 16 948 650 | 5,19 |
|  |  |  | 12 529 767 | 16 948 650 | 5,19 |
| Transports |  |  |  |  |  |
| Yuexiu Transport Infrastructure Ltd | 12 668 000 | HKD | 6 983 797 | 6 189 903 | 1,90 |
|  |  |  | 6 983 797 | 6 189 903 | 1,90 |
|  |  |  |  |  |  |
| Total pour les Bermudes |  |  | 19 513 564 | 23 138 553 | 7,09 |
| Îles Caïmans |  |  |  |  |  |
| Montres et horlogerie |  |  |  |  |  |
| Chow Tai Fook Jewellery Group Ltd | 5 120 800 | HKD | 5 554 629 | 9 864 037 | 3,02 |
|  |  |  | 5 554 629 | 9 864 037 | 3,02 |
| Semi-conducteurs |  |  |  |  |  |
| AAC Technologies Holdings Inc | 1 469 500 | HKD | 6 820 818 | 9 270 624 | 2,84 |
|  |  |  | 6 820 818 | 9 270 624 | 2,84 |
| Logiciel Internet |  |  |  |  |  |
| NetEase Inc | 889 625 | HKD | 6 400 899 | 16 991 670 | 5,21 |
| Tencent Holdings Ltd | 152 100 | HKD | 8 342 971 | 9 645 068 | 2,95 |
|  |  |  | 14 743 870 | 26 636 738 | 8,16 |
| Autres services |  |  |  |  |  |
| Alibaba Group Holding Ltd | 1 219 640 | HKD | 26 198 324 | 29 135 172 | 8,93 |
|  |  |  | 26 198 324 | 29 135 172 | 8,93 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| 3SBio Inc | 8 225 000 | HKD | 9 857 059 | 8 573 742 | 2,63 |
| Hengan International Group Co Ltd | 1 784 500 | HKD | 12 865 501 | 10 075 884 | 3,09 |
|  |  |  | 22 722 560 | 18 649 626 | 5,72 |

| Comgest Growth China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Textile |  |  |  |  |  |
| ANTA Sports Products Ltd | 463 169 | HKD | 1 822 990 | 9 193 459 | 2,82 |
|  |  |  | 1 822 990 | 9 193 459 | 2,82 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 77 863 191 | 102 749 656 | 31,49 |
| Chine |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| SAIC Motor Corp Ltd - Actions À | 4 003 108 | CNY | 11 764 196 | 11 477 551 | 3,52 |
|  |  |  | 11 764 196 | 11 477 551 | 3,52 |
| Banques et établissements financiers |  |  |  |  |  |
| Midea Group Co Ltd - Actions À | 1 199 132 | CNY | 8 302 158 | 11 168 750 | 3,42 |
| Suofeiya Home Collection Co Ltd | 4 592 539 | CNY | 13 209 406 | 14 504 077 | 4,44 |
|  |  |  | 21 511 564 | 25 672 827 | 7,86 |
| Autres entreprises |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions À | 2 233 829 | CNY | 8 992 058 | 10 736 767 | 3,29 |
|  |  |  | 8 992 058 | 10 736 767 | 3,29 |
| Construction et matériaux de construction |  |  |  |  |  |
| Sany Heavy Industry Co Ltd | 1 206 301 | CNY | 4 827 707 | 4 576 385 | 1,40 |
|  |  |  | 4 827 707 | 4 576 385 | 1,40 |
| Biens de consommation |  |  |  |  |  |
| Opple Lighting Co Ltd | 2 220 520 | CNY | 7 844 607 | 7 438 792 | 2,28 |
|  |  |  | 7 844 607 | 7 438 792 | 2,28 |
| Équipements électroniques et électriques |  |  |  |  |  |
| TravelSky Technology Ltd | 7 280 000 | HKD | 12 605 216 | 13 248 559 | 4,06 |
|  |  |  | 12 605 216 | 13 248 559 | 4,06 |
| Sociétés holdings et financières |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 3 134 019 | CNY | 11 953 221 | 13 137 086 | 4,03 |
|  |  |  | 11 953 221 | 13 137 086 | 4,03 |
| Assurance |  |  |  |  |  |
| Ping An Insurance Group Co of China Ltd - Actions H | 2 634 518 | HKD | 17 840 271 | 21 755 229 | 6,67 |
|  |  |  | 17 840 271 | 21 755 229 | 6,67 |

| Comgest Growth China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 7 920 305 | HKD | 10 654 857 | 15 583 441 | 4,78 |
|  |  |  | 10 654 857 | 15 583 441 | 4,78 |
|  |  |  |  |  |  |
| Total pour la Chine |  |  | 107 993 697 | 123 626 637 | 37,89 |
| Hong Kong |  |  |  |  |  |
| Assurance |  |  |  |  |  |
| AIA Group Ltd | 759 600 | HKD | 6 110 761 | 7 959 312 | 2,44 |
|  |  |  | 6 110 761 | 7 959 312 | 2,44 |
|  |  |  |  |  |  |
| Total pour Hong Kong |  |  | 6 110 761 | 7 959 312 | 2,44 |
| Luxembourg |  |  |  |  |  |
| Textile |  |  |  |  |  |
| Samsonite International SA | 7 165 500 | HKD | 16 176 065 | 12 355 498 | 3,79 |
|  |  |  | 16 176 065 | 12 355 498 | 3,79 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 16 176 065 | 12 355 498 | 3,79 |
| Afrique du Sud |  |  |  |  |  |
| Arts graphiques et édition |  |  |  |  |  |
| Naspers Ltd | 81 098 | ZAR | 11 333 933 | 14 359 197 | 4,40 |
|  |  |  | 11 333 933 | 14 359 197 | 4,40 |
|  |  |  |  |  |  |
| Total pour l’Afrique du Sud |  |  | 11 333 933 | 14 359 197 | 4,40 |
|  |  |  |  |  |  |
| Actions |  |  | 238 991 211 | 284 188 853 | 87,10 |
| Certificats de dépôts américains |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Noah Holdings Ltd | 216 096 | USD | 7 666 386 | 8 600 836 | 2,64 |
|  |  |  | 7 666 386 | 8 600 836 | 2,64 |

| Comgest Growth China |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Logiciel Internet |  |  |  |  |  |
| JOYY Inc | 42 758 | USD | 2 934 717 | 2 378 569 | 0,73 |
|  |  |  | 2 934 717 | 2 378 569 | 0,73 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 10 601 103 | 10 979 405 | 3,37 |
|  |  |  |  |  |  |
| Certificats de dépôts américains |  |  | 10 601 103 | 10 979 405 | 3,37 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Îles Caïmans |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Autohome Inc | 124 326 | USD | 8 806 354 | 6 705 364 | 2,05 |
|  |  |  | 8 806 354 | 6 705 364 | 2,05 |
| Sociétés holdings et financières |  |  |  |  |  |
| Vipshop Holdings Ltd | 388 139 | USD | 7 578 058 | 6 572 081 | 2,01 |
|  |  |  | 7 578 058 | 6 572 081 | 2,01 |
| Logiciel Internet |  |  |  |  |  |
| Weibo Corp | 127 370 | USD | 5 170 786 | 5 651 581 | 1,73 |
|  |  |  | 5 170 786 | 5 651 581 | 1,73 |
| Loisirs |  |  |  |  |  |
| Trip.com Group Ltd | 147 354 | USD | 3 485 713 | 4 406 082 | 1,35 |
|  |  | 3 485 713 | 4 406 082 | 1,35 |
|  |  |  |  |  |
| Total pour les Îles Caïmans |  | 25 040 911 | 23 335 108 | 7,14 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 25 040 911 | 23 335 108 | 7,14 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 274 633 225 | 318 503 366 | 97,61 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 274 633 225 | 318 503 366 | 97,61 |
| Liquidités et autres actifs nets |  |  | 	7 788 117	 | 2,39 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 326 291 483 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 97,13 |

| Comgest Growth India |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Inde |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Eicher Motors Ltd | 56 461 | INR | 1 762 461 | 2 029 076 | 1,63 |
| Endurance Technologies Ltd | 209 723 | INR | 2 711 242 | 4 585 827 | 3,69 |
|  |  |  | 4 473 703 | 6 614 903 | 5,32 |
| Banques et établissements financiers |  |  |  |  |  |
| Bandhan Bank Ltd | 871 494 | INR | 3 438 888 | 3 872 208 | 3,10 |
| HDFC Bank Ltd | 298 478 | INR | 4 817 202 | 6 015 152 | 4,84 |
|  |  |  | 8 256 090 | 9 887 360 | 7,94 |
| Autres entreprises |  |  |  |  |  |
| Motherson Sumi Systems Ltd | 696 833 | INR | 1 013 161 | 2 269 734 | 1,83 |
| PVR Ltd | 187 548 | INR | 3 167 942 | 3 367 683 | 2,71 |
|  |  |  | 4 181 103 | 5 637 417 | 4,54 |
| Industrie chimique |  |  |  |  |  |
| Lupin Ltd | 244 901 | INR | 3 498 812 | 3 786 167 | 3,05 |
| Reliance Industries Ltd | 168 833 | INR | 4 729 339 | 4 794 298 | 3,86 |
|  |  |  | 8 228 151 | 8 580 465 | 6,91 |
| Construction et matériaux de construction |  |  |  |  |  |
| Larsen & Toubro Ltd | 302 746 | INR | 5 292 137 | 6 111 957 | 4,92 |
|  |  |  | 5 292 137 | 6 111 957 | 4,92 |
| Équipements électroniques et électriques |  |  |  |  |  |
| Amber Enterprises India Ltd | 53 442 | INR | 1 935 810 | 2 103 963 | 1,69 |
|  |  |  | 1 935 810 | 2 103 963 | 1,69 |
| Alimentation et distilleries |  |  |  |  |  |
| Varun Beverages Ltd | 621 934 | INR | 3 772 071 | 6 104 928 | 4,91 |
|  |  |  | 3 772 071 | 6 104 928 | 4,91 |
| Sociétés holdings et financières |  |  |  |  |  |
| Colgate-Palmolive India Ltd | 145 051 | INR | 1 430 985 | 3 289 866 | 2,65 |
| Housing Development Finance Corp Ltd | 290 076 | INR | 6 465 813 | 9 660 115 | 7,77 |
| Shriram City Union Finance Ltd | 165 694 | INR | 3 299 710 | 3 818 812 | 3,07 |
| Shriram Transport Finance Co Ltd | 275 540 | INR | 3 549 381 | 4 977 358 | 4,00 |
|  |  |  | 	14 745 889	 | 21 746 151	 | 17,49 |

| Comgest Growth India |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Logiciel Internet |  |  |  |  |  |
| Infosys Ltd | 331 607 | INR | 2 804 141 | 7 052 645 | 5,67 |
|  |  |  | 2 804 141 | 7 052 645 | 5,67 |
| Autres services |  |  |  |  |  |
| Central Depository Services India Ltd | 217 180 | INR | 864 494 | 2 859 264 | 2,30 |
|  |  |  | 864 494 | 2 859 264 | 2,30 |
| Pétrole |  |  |  |  |  |
| Gujarat State Petronet Ltd | 372 273 | INR | 1 391 360 | 1 669 853 | 1,34 |
| Petronet LNG Ltd | 765 696 | INR | 1 465 579 | 2 326 118 | 1,87 |
|  |  |  | 2 856 939 | 3 995 971 | 3,21 |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Apollo Hospitals Enterprise Ltd | 74 491 | INR | 1 555 081 | 3 627 821 | 2,92 |
| Cipla Ltd | 319 972 | INR | 1 885 509 | 4 183 936 | 3,37 |
| Max Financial Services Ltd | 335 977 | INR | 1 995 589 | 4 793 257 | 3,85 |
|  |  |  | 5 436 179 | 12 605 014 | 10,14 |
| Services publics |  |  |  |  |  |
| Power Grid Corp of India Ltd | 824 434 | INR | 1 822 473 | 2 577 766 | 2,07 |
| REC Ltd | 1 682 910 | INR | 3 361 487 | 3 363 450 | 2,71 |
|  |  |  | 5 183 960 | 5 941 216 | 4,78 |
| Sociétés immobilières |  |  |  |  |  |
| Info Edge India Ltd | 56 413 | INR | 519 257 | 3 730 958 | 3,00 |
| Oberoi Realty Ltd | 305 039 | INR | 1 715 451 | 2 584 285 | 2,08 |
|  |  |  | 2 234 708 | 6 315 243 | 5,08 |
| Transports |  |  |  |  |  |
| Adani Ports & Special Economic Zone Ltd | 462 152 | INR | 2 399 348 | 4 375 461 | 3,52 |
|  |  |  | 2 399 348 | 4 375 461 | 3,52 |
|  |  |  |  |  |  |
| Total pour l’Inde |  |  | 72 664 723 | 109 931 958 | 88,42 |
| Japon |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Suzuki Motor Corp | 88 300 | JPY | 3 062 313 | 3 739 961 | 3,01 |
|  |  |  | 3 062 313 | 3 739 961 | 3,01 |
|  |  |  |  |  |  |
| Total pour le Japon |  |  | 3 062 313 | 3 739 961 | 3,01 |

| Comgest Growth India |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en USD) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition USD | Juste valeur USD | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 93 137 | USD | 6 053 243 | 6 450 669 | 5,19 |
|  |  |  | 6 053 243 | 6 450 669 | 5,19 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 6 053 243 | 6 450 669 | 5,19 |
|  |  |  |  |  |  |
| Actions |  |  | 81 780 279 | 120 122 588 | 96,62 |
|  |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  | 81 780 279 | 120 122 588 | 96,62 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |
| Autre marché organisé |  |  |  |  |  |
| Pakistan |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| PAK Suzuki Motor Co Ltd | 806 000 | PKR | 1 333 759 | 1 817 745 | 1,46 |
|  |  | 1 333 759 | 1 817 745 | 1,46 |
|  |  |  |  |  |
| Total pour le Pakistan |  | 1 333 759 | 1 817 745 | 1,46 |
|  |  |  |  |  |
| Actions |  | 1 333 759 | 1 817 745 | 1,46 |
|  |  |  |  |  |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  | 1 333 759 | 1 817 745 | 1,46 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 83 114 038 | 121 940 333 | 98,08 |
| Liquidités et autres actifs nets |  |  | 	2 386 162	 | 1,92 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 124 326 495 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 96,41 |
| Autres valeurs mobilières négociées sur un autre marché réglementé |  |  |  | 1,46 |

| Comgest Growth Latin America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Actifs financiers à la juste valeur par le compte de résultat |  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  |  |  |
| Actions |  |  |  |  |  |
| Brésil |  |  |  |  |  |
| Industrie automobile |  |  |  |  |  |
| Localiza Rent a Car SA | 90 009 | BRL | 522 907 | 968 058 | 4,27 |
|  |  |  | 522 907 | 968 058 | 4,27 |
| Autres entreprises |  |  |  |  |  |
| Atacadao SA | 147 900 | BRL | 456 625 | 521 943 | 2,30 |
|  |  |  | 456 625 | 521 943 | 2,30 |
| Construction et matériaux de construction |  |  |  |  |  |
| Duratex SA | 156 582 | BRL | 235 728 | 626 259 | 2,76 |
|  |  |  | 235 728 | 626 259 | 2,76 |
| Biens de consommation |  |  |  |  |  |
| Arezzo Industria e Comercio SA | 59 078 | BRL | 433 084 | 938 194 | 4,14 |
|  |  |  | 433 084 | 938 194 | 4,14 |
| Produits forestiers et industrie papetière |  |  |  |  |  |
| Klabin SA | 241 857 | BRL | 869 130 | 1 070 557 | 4,72 |
|  |  |  | 869 130 | 1 070 557 | 4,72 |
| Sociétés holdings et financières |  |  |  |  |  |
| B3 SA - Brasil Bolsa Balcao | 401 908 | BRL | 906 057 | 1 136 025 | 5,01 |
| Itausa SA | 312 500 | BRL | 516 612 | 585 545 | 2,58 |
|  |  |  | 1 422 669 | 1 721 570 | 7,59 |
| Assurance |  |  |  |  |  |
| BB Seguridade Participacoes SA | 206 286 | BRL | 776 932 | 800 787 | 3,53 |
| Odontoprev SA | 239 090 | BRL | 578 537 | 523 529 | 2,31 |
|  |  |  | 1 355 469 | 1 324 316 | 5,84 |
| Logiciel Internet |  |  |  |  |  |
| TOTVS SA | 151 391 | BRL | 465 607 | 957 856 | 4,22 |
|  |  |  | 465 607 | 957 856 | 4,22 |
| Mécanique et machines-outils |  |  |  |  |  |
| Mills Estruturas e Servicos de Engenharia SA | 383 700 | BRL | 343 492 | 565 492 | 2,49 |
| WEG SA | 127 254 | BRL | 493 254 | 720 456 | 3,18 |
|  |  |  | 836 746 | 1 285 948 | 5,67 |

| Comgest Growth Latin America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Pharmacie et cosmétiques |  |  |  |  |  |
| Raia Drogasil SA | 149 100 | BRL | 541 981 | 619 135 | 2,73 |
|  |  |  | 541 981 | 619 135 | 2,73 |
| Services publics |  |  |  |  |  |
| Engie Brasil Energia SA | 118 064 | BRL | 752 694 | 776 756 | 3,43 |
|  |  |  | 752 694 | 776 756 | 3,43 |
| Commerce de détail |  |  |  |  |  |
| Lojas Renner SA | 115 034 | BRL | 627 424 | 855 024 | 3,77 |
|  |  |  | 627 424 | 855 024 | 3,77 |
| Transports |  |  |  |  |  |
| CCR SA | 252 378 | BRL | 495 546 | 570 439 | 2,52 |
| Rumo SA | 205 200 | BRL | 698 818 | 660 361 | 2,91 |
|  |  |  | 1 194 364 | 1 230 800 | 5,43 |
|  |  |  |  |  |  |
| Total pour le Brésil |  |  | 9 714 428 | 12 896 416 | 56,87 |
| Îles Caïmans |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Pagseguro Digital Ltd | 28 073 | USD | 957 795 | 1 323 756 | 5,84 |
|  |  |  | 957 795 | 1 323 756 | 5,84 |
|  |  |  |  |  |  |
| Total pour les Îles Caïmans |  |  | 957 795 | 1 323 756 | 5,84 |
| Chili |  |  |  |  |  |
| Agriculture et pêche |  |  |  |  |  |
| Salmones Camanchaca SA | 51 845 | CLP | 364 240 | 257 072 | 1,13 |
|  |  |  | 364 240 | 257 072 | 1,13 |
| Pétrole |  |  |  |  |  |
| Empresas COPEC SA | 83 171 | CLP | 739 360 | 696 198 | 3,07 |
|  |  |  | 739 360 | 696 198 | 3,07 |
| Commerce de détail |  |  |  |  |  |
| Falabella SA | 277 633 | CLP | 1 333 739 | 1 050 740 | 4,63 |
|  |  |  | 1 333 739 | 1 050 740 | 4,63 |
|  |  |  |  |  |  |
| Total pour le Chili |  |  | 2 437 339 | 2 004 010 | 8,83 |

| Comgest Growth Latin America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Colombie |  |  |  |  |  |
| Alimentation et distilleries |  |  |  |  |  |
| Grupo Nutresa SA | 79 996 | COP | 599 170 | 395 551 | 1,74 |
|  |  |  | 599 170 | 395 551 | 1,74 |
|  |  |  |  |  |  |
| Total pour la Colombie |  |  | 599 170 | 395 551 | 1,74 |
| Luxembourg |  |  |  |  |  |
| Sociétés holdings et financières |  |  |  |  |  |
| Globant SA | 2 443 | USD | 97 612 | 451 519 | 1,99 |
|  |  |  | 97 612 | 451 519 | 1,99 |
|  |  |  |  |  |  |
| Total pour le Luxembourg |  |  | 97 612 | 451 519 | 1,99 |
| Mexique |  |  |  |  |  |
| Banques et établissements financiers |  |  |  |  |  |
| PLA Administradora Industrial S de RL de CV | 431 166 | MXN | 541 819 | 552 933 | 2,44 |
|  |  |  | 541 819 | 552 933 | 2,44 |
| Sociétés holdings et financières |  |  |  |  |  |
| Bolsa Mexicana de Valores SAB de CV | 263 775 | MXN | 407 627 | 491 539 | 2,17 |
|  |  |  | 407 627 | 491 539 | 2,17 |
| Loisirs |  |  |  |  |  |
| Hoteles City Express SAB de CV | 942 953 | MXN | 925 885 | 282 346 | 1,25 |
|  |  |  | 925 885 | 282 346 | 1,25 |
| Commerce de détail |  |  |  |  |  |
| Wal-Mart de Mexico SAB de CV | 246 700 | MXN | 543 065 | 680 282 | 3,00 |
|  |  |  | 543 065 | 680 282 | 3,00 |
| Tabac et alcool |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 99 013 | MXN | 708 553 | 707 046 | 3,12 |
|  |  |  | 708 553 | 707 046 | 3,12 |
|  |  |  |  |  |  |
| Total pour le Mexique |  |  | 3 126 949 | 2 714 146 | 11,98 |

| Comgest Growth Latin America |
| --- |
| ÉTAT DU PORTEFEUILLE |
| Au 30 juin 2021 |
| (exprimé en EUR) |

| Valeur | Quantité/ Valeur nominale | Devise | Coût d’acquisition EUR | Juste valeur EUR | % de l’Actif net |
| --- | --- | --- | --- | --- | --- |
| Panama |  |  |  |  |  |
| Commerce de détail |  |  |  |  |  |
| InRetail Peru Corp | 13 500 | USD | 379 536 | 398 432 | 1,76 |
|  |  |  | 379 536 | 398 432 | 1,76 |
|  |  |  |  |  |  |
| Total pour le Panama |  |  | 379 536 | 398 432 | 1,76 |
| États-Unis d’Amérique |  |  |  |  |  |
| Logiciel Internet |  |  |  |  |  |
| MercadoLibre Inc | 949 | USD | 791 287 | 1 246 600 | 5,50 |
|  |  |  | 791 287 | 1 246 600 | 5,50 |
|  |  |  |  |  |  |
| Total pour les États-Unis d’Amérique |  |  | 791 287 | 1 246 600 | 5,50 |
|  |  |  |  |  |  |
| Actions |  |  | 18 104 116 | 21 430 430 | 94,51 |
| Certificats de dépôts américains sponsorisés |  |  |  |  |  |
| Brésil |  |  |  |  |  |
| Technologie aérospatiale |  |  |  |  |  |
| Embraer SA | 59 232 | USD | 884 803 | 756 196 | 3,32 |
|  |  |  | 884 803 | 756 196 | 3,32 |
| Diffusion d’actualités |  |  |  |  |  |
| Telefonica Brasil SA | 30 860 | USD | 265 238 | 221 190 | 0,98 |
|  |  | 265 238 | 221 190 | 0,98 |
|  |  |  |  |  |
| Total pour le Brésil |  | 1 150 041 | 977 386 | 4,30 |
|  |  |  |  |  |
| Certificats de dépôts américains sponsorisés |  | 1 150 041 | 977 386 | 4,30 |
|  |  |  |  |  |
| Valeurs mobilières admises à la cote d’une bourse officielle |  | 19 254 157 | 22 407 816 | 98,81 |
|  |  |  |  |  |
| Actifs financiers à la juste valeur par le compte de résultat |  | 19 254 157 | 22 407 816 | 98,81 |
| Liquidités et autres actifs nets |  |  | 269 873	 | 1,19 |
| Total de l’actif net attribuable aux détenteurs d’actions de participation remboursables |  |  | 22 677 689 | 100,00 |
|  |  |  |  |  |
|  |  |  |  | % |
|  |  |  | du Total de l’actif |
| Valeurs mobilières admises à la cote d’une bourse officielle |  |  |  | 98,61 |