# Geographical classification
(by domicile of the issuer) (in percentage of net assets)
| United States of America | 66.77 % |
| --- | --- |
| Luxembourg | 8.65 % |
| Switzerland | 3.09 % |
| Japan | 2.66 % |
| United Kingdom | 2.54 % |
| France | 2.02 % |
| Taiwan | 1.34 % |
| Germany | 1.16 % |
| Singapore | 0.69 % |
| Cayman Islands | 0.44 % |
| Philippines | 0.22 % |
| Chile | 0.19 % |
| South Africa | 0.16 % |
| South Korea | 0.13 % |
| Brazil | 0.11 % |
| Hong Kong | 0.11 % |
| Total | 90.28 % |

| Assets |  |
| --- | --- |
| Securities portfolio at market value | 262,920,785.86 |
| Cash at banks | 12,669,220.43 |
| Receivable on issues of shares | 133,704.89 |
| Income receivable on portfolio | 275,266.88 |
| Prepaid expenses | 	316.00  |
| Total assets | 275,999,294.06 |
| Liabilities |  |
| Expenses payable | 	321,967.97  |
| Total liabilities | 321,967.97 |
| Net assets at the end of the period | 275,677,326.09 |

Breakdown of net assets per share class
| Share class | Number of shares | Currency of share class | NAV per share in currency of share class | Net assets per share class (in EUR) |
| --- | --- | --- | --- | --- |
| A | 3,893.063 | EUR | 218.32 | 849,931.25 |
| AM | 1,810.488 | EUR | 222.68 | 403,158.77 |
| AR | 1.000 | EUR | 176.96 | 176.96 |
| B | 1,968,412.266 | EUR | 108.97 | 214,504,088.45 |
| BI | 14,091.196 | EUR | 1,015.58 | 14,310,802.54 |
| BM | 450,767.267 | EUR | 101.16 | 45,600,663.26 |
| BR | 43.000 | EUR | 197.79 | 	8,504.86  |
|  |  |  |  | 	275,677,326.09  |

| Income |  |
| --- | --- |
| Dividends, net | 1,478,726.22 |
| Bank interest | 330.35 |
| Other income | 	83,425.56  |
| Total income | 1,562,482.13 |
| Expenses |  |
| Management fees | 1,630,763.05 |
| Depositary fees | 61,328.29 |
| Banking charges and other fees | 21,272.09 |
| Transaction fees | 388,112.94 |
| Central administration costs | 58,295.13 |
| Professional fees | 1,888.73 |
| Other administration costs | 35,551.33 |
| Subscription duty ("taxe d'abonnement") | 68,917.16 |
| Other taxes | 35,566.35 |
| Bank interest paid | 25,871.18 |
| Other expenses | 	12,040.32  |
| Total expenses | 2,339,606.57 |
| Net investment loss | -777,124.44 |
| Net realised gain/(loss) |  |
| - on securities portfolio | 22,926,961.84 |
| - on foreign exchange | 	156,924.03  |
| Realised result | 22,306,761.43 |
| Net variation of the unrealised gain/(loss) |  |
| - on securities portfolio | 	-16,853,365.10  |
| Result of operations | 5,453,396.33 |
| Dividends paid | -1,357.87 |
| Reinvestments | - |
| Subscriptions | 10,511,594.25 |
| Redemptions | -18,285,426.34 |
| Total changes in net assets | -2,321,793.63 |
| Total net assets at the beginning of the period | 277,999,119.72 |
| Total net assets at the end of the period | 275,677,326.09 |

| Total net assets | Currency | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
|  | EUR | 273,207,778.84 | 277,999,119.72 | 275,677,326.09 |

| Net asset value per share class | Currency | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
| A | EUR | 192.11 | 214.49 | 218.32 |
| AM | EUR | 195.84 | 219.05 | 222.68 |
| AR | EUR | 156.69 | 174.05 | 176.96 |
| B | EUR | 957.95 | 106.94 | 108.97 |
| BI | EUR | 176.70 | 993.16 | 1,015.58 |
| BM | EUR | 972.56 | 99.10 | 101.16 |
| BR | EUR | 174.54 | 194.34 | 197.79 |

| Number of shares | outstanding at the beginning of the period | issued | redeemed | outstanding at the end of the period |
| --- | --- | --- | --- | --- |
| A | 5,025.467 | 2,374.052 | -3,506.456 | 3,893.063 |
| AM | 1,867.843 | 0.255 | -57.610 | 1,810.488 |
| AR | 1.000 | - | - | 1.000 |
| B | 2,044,187.650 | 73,279.759 | -149,055.143 | 1,968,412.266 |
| BI | 12,967.217 | 1,596.661 | -472.682 | 14,091.196 |
| BM | 454,178.819 | 1,773.069 | -5,184.621 | 450,767.267 |
| BR | 43.000 | - | - | 43.000 |

| TER per share class as at 31.03.2022 | (in %) |
| --- | --- |
| A | 1.50 |
| AM | 1.12 |
| AR | 1.81 |
| B | 1.43 |
| BI | 0.73 |
| BM | 1.05 |
| BR | 1.67 |

| Dividends paid | Currency | Dividend per share class | Ex-dividend date |
| --- | --- | --- | --- |
| AM | EUR | 1.50 | 08.02.2022 |

| Currency | Number / nominal value | Description | Cost | Market value | % of total net assets * |
| --- | --- | --- | --- | --- | --- |
| Investments in securities |
| Transferable securities admitted to an official stock exchange listing |
| Shares |  |  |  |  |  |
| CAD | 31,900 | Agnico Eagle Mines Ltd | 1,749,044.42 | 1,755,930.55 | 0.64 |
| CHF | 3,500 | Geberit AG Reg | 1,382,817.82 | 1,955,870.74 | 0.71 |
| CHF | 44,000 | Nestlé SA Reg | 3,905,826.81 | 5,165,131.67 | 1.87 |
| CHF | 20,496 | Roche Holding Ltd Pref | 4,777,739.58 | 7,335,134.66 | 2.66 |
| CHF | 1,443 | SGS SA Reg | 3,459,338.40 | 3,630,249.23 | 1.32 |
| CHF | 17,350 | Sika Ltd | 	682,633.88  | 	5,208,679.02  | 	1.89  |
|  |  |  | 14,208,356.49 | 23,295,065.32 | 8.45 |
| DKK | 65,111 | Chr. Hansen Holding A/S | 4,358,939.74 | 4,348,119.44 | 1.58 |
| DKK | 75,000 | Novo Nordisk AS B | 1,959,890.86 | 7,551,583.59 | 2.74 |
| DKK | 78,244 | Novozymes AS B | 	3,681,031.88  | 	4,870,628.16  | 	1.77  |
|  |  |  | 9,999,862.48 | 16,770,331.19 | 6.09 |
| EUR | 35,000 | Air Liquide SA | 2,271,625.00 | 5,562,200.00 | 2.02 |
| EUR | 11,584 | L'Oréal SA | 4,368,463.50 | 4,214,838.40 | 1.53 |
| EUR | 58,600 | Legrand Holding SA | 2,866,515.86 | 5,061,868.00 | 1.84 |
| EUR | 9,000 | LVMH Moët Hennessy L Vuit SE | 1,250,156.62 | 5,844,600.00 | 2.12 |
| EUR | 20,000 | Pernod-Ricard SA | 1,994,005.15 | 3,986,000.00 | 1.44 |
| EUR | 31,000 | SAP SE | 1,872,984.54 | 3,134,720.00 | 1.14 |
| EUR | 10,391 | Teleperformance SE | 3,619,836.12 | 3,598,403.30 | 1.30 |
| EUR | 127,850 | Unilever Plc Reg | 	4,443,118.24  | 	5,234,818.25  | 	1.90  |
|  |  |  | 22,686,705.03 | 36,637,447.95 | 13.29 |
| GBP | 65,400 | Intertek Group Plc | 4,402,004.43 | 4,043,426.70 | 1.47 |
| GBP | 92,650 | Reckitt Benckiser Group Plc | 	5,072,038.78  | 	6,394,868.18  | 	2.32  |
|  |  |  | 9,474,043.21 | 10,438,294.88 | 3.79 |
| HKD | 202,900 | Alibaba Group Holding Ltd Reg | 3,891,460.35 | 2,609,927.01 | 0.95 |
| HKD | 4,147 | JD.com Inc Reg A | 	99,742.36  | 	111,350.10  | 	0.04  |
|  |  |  | 3,991,202.71 | 2,721,277.11 | 0.99 |
| JPY | 50,000 | Asahi Group Holdings Ltd | 1,682,744.01 | 1,652,094.15 | 0.60 |
| JPY | 231,000 | Asahi Intecc Co Ltd | 4,218,475.52 | 4,116,614.20 | 1.49 |
| JPY | 15,900 | Disco Corp | 3,527,420.96 | 4,051,241.49 | 1.47 |
| JPY | 22,800 | Hoya Corp | 1,895,639.27 | 2,369,327.44 | 0.86 |
| JPY | 8,700 | Keyence Corp | 3,325,178.08 | 3,689,158.45 | 1.34 |
| JPY | 40,000 | Komatsu Ltd | 782,933.74 | 871,932.41 | 0.32 |
| JPY | 42,600 | Murata Manufacturing Co Ltd | 2,186,839.36 | 2,561,165.90 | 0.93 |
| JPY | 10,900 | Nintendo Co Ltd | 4,298,150.21 | 4,978,895.51 | 1.80 |
| JPY | 110,600 | Recruit Holdings Co Ltd | 4,277,936.27 | 4,435,125.81 | 1.61 |
| JPY | 25,000 | Secom Co Ltd | 	1,195,433.31  | 	1,642,094.92  | 	0.59  |
|  |  |  | 27,390,750.73 | 30,367,650.28 | 11.01 |
| SEK | 118,800 | Assa Abloy AB B | 1,225,268.82 | 2,920,584.37 | 1.06 |
| SGD | 7,500,000 | Thai Beverage PLC | 1,368,825.94 | 3,561,001.47 | 1.29 |
| USD | 27,000 | Abbott Laboratories | 645,624.47 | 2,871,782.89 | 1.04 |
| USD | 13,100 | Adobe Inc Reg | 5,821,348.00 | 5,363,607.12 | 1.94 |
| USD | 3,500 | Alphabet Inc A | 5,189,605.77 | 8,747,955.61 | 3.17 |
| USD | 3,000 | Amazon.com Inc | 8,393,120.54 | 8,788,506.47 | 3.19 |
| USD | 9,500 | ANSYS Inc | 3,174,587.02 | 2,711,785.59 | 0.98 |
| USD | 40,000 | Apple Inc Reg | 864,901.90 | 6,276,419.84 | 2.28 |
| USD | 22,200 | Aspen Technology Inc | 2,965,997.98 | 3,299,078.00 | 1.20 |
| USD | 32,700 | BlackLine Inc Reg | 2,964,415.51 | 2,151,594.18 | 0.78 |
| USD | 700 | Booking Holdings Inc Reg | 821,548.57 | 1,477,278.04 | 0.53 |
| USD | 9,100 | Estée Lauder Companies Inc A | 1,169,672.20 | 2,226,915.89 | 0.81 |
| USD | 12,700 | Insulet Corp | 3,030,696.28 | 3,040,216.57 | 1.10 |
| USD | 9,900 | Johnson & Johnson | 938,457.46 | 1,576,722.68 | 0.57 |

| Currency | Number / nominal value | Description | Cost | Market value | % of total net assets * |
| --- | --- | --- | --- | --- | --- |

| USD | 20,600 | Lowe's Companies Inc | 680,741.32 |  | 3,742,913.37 |  | 1.36 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD | 23,500 | Mastercard Inc A | 3,914,516.83 |  | 7,547,115.38 |  | 2.74 |
| USD | 40,200 | Microsoft Corp | 2,187,049.83 |  | 11,137,726.46 |  | 4.04 |
| USD | 84,000 | Mondelez Intl Inc | 2,995,097.23 |  | 4,738,964.77 |  | 1.72 |
| USD | 39,500 | Newmont Corp Reg | 2,010,497.69 |  | 2,820,160.86 |  | 1.02 |
| USD | 48,200 | Nike Inc B | 4,346,670.63 |  | 5,828,353.70 |  | 2.11 |
| USD | 39,800 | Pepsico Inc | 4,034,858.88 |  | 5,986,452.19 |  | 2.17 |
| USD | 13,000 | Resmed Inc | 2,933,610.19 |  | 2,833,060.75 |  | 1.03 |
| USD | 98,900 | Rollins Inc | 2,977,223.84 |  | 3,115,065.60 |  | 1.13 |
| USD | 6,900 | Roper Technologies Inc | 1,468,759.96 |  | 2,928,097.59 |  | 1.06 |
| USD | 75,000 | Taiwan Semiconduct Mfg Co Ltd ADR repr 5 Shares | 514,575.42 |  | 7,026,869.16 |  | 2.55 |
| USD | 7,000 | Thermo Fisher Scientific Inc | 350,592.98 |  | 3,715,447.52 |  | 1.35 |
| USD | 4,700 | Tyler Technologies Inc | 2,209,798.15 |  | 1,879,028.58 |  | 0.68 |
| USD | 13,400 | Union Pacific Corp | 1,737,948.04 |  | 3,289,911.93 |  | 1.19 |
| USD | 6,000 | United Health Group Inc | 1,394,064.10 |  | 2,749,658.52 |  | 1.00 |
| USD | 23,700 | Verisk Analytics Inc | 3,383,416.48 |  | 4,571,109.81 |  | 1.66 |
| USD | 39,000 | Visa Inc A | 3,490,106.27 |  | 7,772,313.08 |  | 2.82 |
| USD | 50,000 | Yum China Holdings Inc | 2,287,480.21 |  | 1,866,462.98 |  | 0.68 |
| USD | 14,000 | Zoetis Inc A | 	708,590.44  |  | 	2,372,627.61  |  | 	0.86  |
|  |  |  | 79,605,574.19 |  | 134,453,202.74 |  | 48.76 |
| Total investments in securities | 171,699,634.02 |  | 262,920,785.86 |  | 95.37 |
| Cash at banks |  |  | 12,669,220.43 |  | 4.60 |
| Other net assets/(liabilities) |  |  | 87,319.80 |  | 0.03 |
| Total |  |  | 275,677,326.09 |  | 100.00 |

Translation (ENFR, 2022-03-31):
# Répartition géographique
(par pays de résidence de l'émetteur) (en pourcentage de l'actif net)
| Etats-Unis d'Amérique | 95,60 % |
| --- | --- |
| Jersey | 1,47 % |
| Belgique | 0,61 % |
| Total | 97,68 % |

| Actif |  |
| --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 660.379.657,00 |
| Avoirs bancaires | 9.253.883,09 |
| A recevoir sur garantie en espèces payée | 1.495.000,00 |
| A recevoir sur émissions d'actions | 17.704,41 |
| Revenus à recevoir sur portefeuille-titres | 47.628,00 |
| Charges payées d'avance | 	870,19  |
| Total de l'actif | 671.194.742,69 |
| Exigible |  |
| Moins-values non réalisées sur changes à terme | 1.660.492,06 |
| Frais à payer | 	641.459,31  |
| Total de l'exigible | 2.301.951,37 |
| Actif net à la fin de la période | 668.892.791,32 |

Répartition des actifs nets par classe d'action
| Classe d'action | Nombre d'actions | Devise action | VNI par action en devise de la classe d'action | Actifs nets par classe d'action (en USD) |
| --- | --- | --- | --- | --- |
| A | 14.420,720 | USD | 216,04 | 3.115.460,45 |
| AM | 370.143,513 | USD | 220,42 | 81.585.236,55 |
| B | 403.157,836 | USD | 231,89 | 93.489.343,22 |
| B EUR HEDGED | 97.620,928 | EUR | 202,23 | 21.968.451,61 |
| BI | 22.560,841 | USD | 2.240,75 | 50.553.186,79 |
| BI EUR HEDGED | 7.548,137 | EUR | 1.351,88 | 11.355.193,98 |
| BM | 1.605.545,215 | USD | 236,72 | 380.065.063,51 |
| BM EUR HEDGED | 115.298,588 | EUR | 208,57 | 	26.760.855,21  |
|  |  |  |  | 	668.892.791,32  |

| Revenus |  |
| --- | --- |
| Dividendes, nets | 1.892.394,00 |
| Intérêts bancaires | 	5.917,94  |
| Total des revenus | 1.898.311,94 |
| Charges |  |
| Commission de gestion | 3.528.287,60 |
| Commission de dépositaire | 160.290,40 |
| Frais bancaires et autres commissions | 18.214,93 |
| Frais sur transactions | 179.782,86 |
| Frais d'administration centrale | 116.222,62 |
| Frais professionnels | 4.951,00 |
| Autres frais d'administration | 76.280,09 |
| Taxe d'abonnement | 176.312,24 |
| Autres impôts | 211.108,82 |
| Intérêts bancaires payés | 36,87 |
| Autres charges | 	11.781,73  |
| Total des charges | 4.483.269,16 |
| Pertes nettes des investissements | -2.584.957,22 |
| Bénéfice/(perte) net(te) réalisé(e) |  |
| - sur portefeuille-titres | 23.554.204,17 |
| - sur changes à terme | -7.245.589,86 |
| - sur devises | 	106.970,79  |
| Résultat réalisé | 13.830.627,88 |
| Variation nette de la plus-/(moins-) value non réalisée |  |
| - sur portefeuille-titres | -43.345.525,62 |
| - sur changes à terme | 	1.496.456,15  |
| Résultat des opérations | -28.018.441,59 |
| Dividendes payés | - |
| Réinvestissements | - |
| Emissions | 96.116.670,48 |
| Rachats | -150.531.594,15 |
| Total des variations de l'actif net | -82.433.365,26 |
| Total de l'actif net au début de la période | 751.326.156,58 |
| Total de l'actif net à la fin de la période | 668.892.791,32 |

| Total de l'actif net | Devise | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
|  | USD | 396.855.144,81 | 751.326.156,58 | 668.892.791,32 |

| VNI par classe d'action | Devise | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
| A | USD | 173,17 | 222,00 | 216,04 |
| AM | USD | 175,67 | 226,12 | 220,42 |
| B | USD | 185,76 | 238,15 | 231,89 |
| B EUR HEDGED | EUR | 165,42 | 209,33 | 202,23 |
| BI | USD | 1.776,32 | 2.293,13 | 2.240,75 |
| BI EUR HEDGED | EUR | 1.094,46 | 1.394,80 | 1.351,88 |
| BM | USD | 188,54 | 242,69 | 236,72 |
| BM EUR HEDGED | EUR | 169,61 | 215,50 | 208,57 |

| Nombre d'actions | en circulation au début de la période | émises | remboursées | en circulation en fin de la période |
| --- | --- | --- | --- | --- |
| A | 16.155,860 | 2.187,744 | -3.922,884 | 14.420,720 |
| AM | 351.006,866 | 31.801,017 | -12.664,370 | 370.143,513 |
| B | 415.726,286 | 60.535,667 | -73.104,117 | 403.157,836 |
| B EUR HEDGED | 399.093,728 | 47.643,389 | -349.116,189 | 97.620,928 |
| BI | 22.543,627 | 7.591,982 | -7.574,768 | 22.560,841 |
| BI EUR HEDGED | 8.335,549 | 144,734 | -932,146 | 7.548,137 |
| BM | 1.509.726,005 | 162.160,780 | -66.341,570 | 1.605.545,215 |
| BM EUR HEDGED | 164.041,988 | 17.933,513 | -66.676,913 | 115.298,588 |

| TER par classe d'action au 31.03.2022 | (en %) |
| --- | --- |
| A | 1,45 |
| AM | 1,09 |
| B | 1,40 |
| B EUR HEDGED | 1,43 |
| BI | 0,70 |
| BI EUR HEDGED | 0,74 |
| BM | 1,03 |
| BM EUR HEDGED | 1,03 |

| Devise | Valeur nominale/ Quantité | Dénomination | Coût d'acquisition | Valeur d'évaluation |  | % de l'actif net * |
| --- | --- | --- | --- | --- | --- | --- |
| Portefeuille-titres |
| Valeurs mobilières admises à la cote officielle d'une bourse devaleurs |
| Actions |
| USD | 175.000 | A.O.Smith Corp | 9.562.869,36 | 11.180.750,00 |  | 1,67 |
| USD | 68.000 | Advance Auto Parts | 10.105.773,10 | 14.073.280,00 |  | 2,10 |
| USD | 140.000 | Albany Intl Corp A Reg | 9.347.405,61 | 11.804.800,00 |  | 1,77 |
| USD | 42.000 | ANSYS Inc | 11.007.298,87 | 13.341.300,00 |  | 1,99 |
| USD | 145.000 | AptarGroup Inc | 16.603.740,26 | 17.037.500,00 |  | 2,55 |
| USD | 86.000 | Aspen Technology Inc | 9.044.613,46 | 14.221.820,00 |  | 2,13 |
| USD | 179.000 | BlackLine Inc Reg | 19.101.126,47 | 13.106.380,00 |  | 1,96 |
| USD | 57.000 | Burlington Stores Inc | 9.631.403,66 | 10.383.690,00 |  | 1,55 |
| USD | 79.500 | CDW Corp | 9.127.393,65 | 14.221.755,00 |  | 2,13 |
| USD | 143.000 | Check Point Software Tec Ltd | 15.889.294,95 | 19.771.180,00 |  | 2,96 |
| USD | 32.500 | Chemed Corp | 13.011.985,40 | 16.462.875,00 |  | 2,46 |
| USD | 141.000 | Church & Dwight Co Inc | 9.388.729,50 | 14.012.580,00 |  | 2,10 |
| USD | 85.000 | Clorox Co | 14.361.658,87 | 11.817.550,00 |  | 1,77 |
| USD | 142.000 | Cognex Corp | 7.299.210,56 | 10.955.300,00 |  | 1,64 |
| USD | 20.000 | Cooper Companies Inc (The) | 5.368.415,58 | 8.351.800,00 |  | 1,25 |
| USD | 32.000 | Domino's Pizza Inc Reg | 9.557.161,27 | 13.024.320,00 |  | 1,95 |
| USD | 73.000 | Equifax Inc | 11.261.197,07 | 17.308.300,00 |  | 2,59 |
| USD | 163.000 | Globus Medical Inc | 8.135.939,25 | 12.026.140,00 |  | 1,80 |
| USD | 90.000 | Graco Inc | 4.109.901,68 | 6.274.800,00 |  | 0,94 |
| USD | 126.000 | Henry Jack & Associates Inc | 18.524.656,12 | 24.828.300,00 |  | 3,71 |
| USD | 13.000 | IDEXX Laboratories Inc | 3.522.209,01 | 7.111.780,00 |  | 1,06 |
| USD | 59.000 | Insulet Corp | 13.210.465,20 | 15.717.010,00 |  | 2,35 |
| USD | 75.000 | IPG Photonics Corp | 12.388.509,74 | 8.232.000,00 |  | 1,23 |
| USD | 333.000 | Lamb Weston Holdings Inc Reg S | 22.553.413,60 | 19.950.030,00 |  | 2,98 |
| USD | 42.000 | Lancaster Colony Corp | 6.129.818,17 | 6.264.300,00 |  | 0,94 |
| USD | 42.000 | Lennox Intl Inc | 10.548.333,11 | 10.830.120,00 |  | 1,62 |
| USD | 51.000 | Littelfuse Inc | 10.050.678,89 | 12.719.910,00 |  | 1,90 |
| USD | 283.000 | LKQ Corp | 8.806.700,31 | 12.851.030,00 |  | 1,92 |
| USD | 66.000 | Manhattan Associates Inc | 4.601.554,29 | 9.154.860,00 |  | 1,37 |
| USD | 72.000 | Masimo Corp | 13.265.132,02 | 10.478.880,00 |  | 1,57 |
| USD | 68.000 | McCormick & Co | 4.507.261,46 | 6.786.400,00 |  | 1,01 |
| USD | 7.300 | Mettler Toledo Intl Inc | 4.765.218,43 | 10.024.287,00 |  | 1,50 |
| USD | 64.000 | Middleby Corp | 7.017.304,41 | 10.492.160,00 |  | 1,57 |
| USD | 23.500 | MSCI Inc | 7.223.187,33 | 11.817.680,00 |  | 1,77 |
| USD | 59.000 | Nordson Corp | 9.666.762,59 | 13.397.720,00 |  | 2,00 |
| USD | 30.000 | Paycom Software Inc | 9.433.685,92 | 10.391.400,00 |  | 1,55 |
| USD | 35.500 | Pool Corp | 6.951.674,62 | 15.011.175,00 |  | 2,24 |
| USD | 140.500 | Qualys Inc | 14.569.312,30 | 20.008.605,00 |  | 2,99 |
| USD | 79.000 | Resmed Inc | 11.409.581,96 | 19.158.290,00 |  | 2,86 |
| USD | 568.000 | Rollins Inc | 16.412.419,35 | 19.908.400,00 |  | 2,98 |
| USD | 98.000 | SiteOne Landscape Supply Inc | 10.516.979,18 | 15.845.620,00 |  | 2,37 |
| USD | 61.000 | Tractor Supply Co | 5.540.911,08 | 14.235.570,00 |  | 2,13 |
| USD | 32.000 | Tyler Technologies Inc | 9.748.111,94 | 14.236.480,00 |  | 2,13 |
| USD | 34.000 | Ulta Beauty Inc Reg | 8.265.353,46 | 13.539.480,00 |  | 2,02 |
| USD | 62.000 | Verisign Inc | 12.389.476,83 | 13.792.520,00 |  | 2,06 |
| USD | 150.000 | Verisk Analytics Inc | 24.661.539,27 | 32.194.500,00 |  | 4,81 |
| USD | 38.000 | Waters Corp | 7.383.588,25 | 11.794.820,00 |  | 1,76 |
| USD | 44.000 | Watsco Inc | 8.134.894,95 | 13.404.160,00 |  | 2,00 |
| USD | 16.500 | Zebra Technologies Corp A | 	2.789.311,69  | 	6.826.050,00  |  | 	1,02  |
| Total portefeuille-titres |  | 506.903.164,05 | 660.379.657,00 |  | 98,73 |
| Avoirs bancaires |  |  | 9.253.883,09 |  | 1,38 |
| Autres actifs/(passifs) nets |  | -740.748,77 |  | -0,11 |
| Total |  |  |  | 668.892.791,32 |  | 100,00 |

* Des différences mineures peuvent apparaître résultant des arrondis lors du calcul des pourcentages.
Les notes annexées font partie intégrante de ces états financiers.