# Comgest Growth America
## SCHEDULE OF INVESTMENTS
As at 30 June 2020 (expressed in USD)
| Quantity/ Security	Face value | Currency | Acquisition cost USD | Fair Value USD | % Net Assets |
| --- | --- | --- | --- | --- |
| Internet software |  |  |  |  |
| Activision Blizzard Inc | 100,000 | USD | 5,131,822 | 7,590,000 | 3.45 |
| Alphabet Inc - A Shares | 2,300 | USD | 2,313,089 | 3,261,515 | 1.48 |
| Facebook Inc - A Shares | 36,500 | USD | 7,076,355 | 8,288,055 | 3.77 |
| Intuit Inc | 29,900 | USD | 5,495,556 | 8,856,081 | 4.03 |
| Microsoft Corp | 100,600 | USD | 8,895,262 | 20,473,106 | 9.31 |
| Oracle Corp | 206,500 | USD | 9,851,920 | 11,413,255 | 5.19 |
| Paychex Inc | 53,000 | USD | 3,231,549 | 4,014,750 | 1.83 |
| Tyler Technologies Inc | 9,550 | USD | 1,948,287 | 3,312,704 | 1.51 |
| Verisk Analytics Inc | 29,837 | USD | 2,868,432 | 5,078,257 | 2.31 |

	46,812,272	72,287,723	32.88
Office equipment and computers
| Apple Inc | 32,500 | USD | 6,388,433 | 11,856,000 | 5.39 |
| --- | --- | --- | --- | --- | --- |
| Avery Dennison Corp | 48,000 | USD | 5,220,108 | 5,476,320 | 2.49 |
| Cisco Systems Inc | 193,300 | USD | 8,071,776 | 9,015,512 | 4.10 |

	19,680,317	26,347,832	11.98
Other services
| Visa Inc - A Shares | 49,100 | USD | 5,661,530 | 9,484,647 | 4.32 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 5,661,530 | 9,484,647 | 4.32 |
| Pharmaceuticals and cosmetics Becton Dickinson and Co | 31,100 | USD | 6,063,083 | 7,441,297 | 3.39 |
| Eli Lilly & Co | 55,000 | USD | 5,372,707 | 9,029,900 | 4.11 |
| Estee Lauder Cos Inc | 31,000 | USD | 5,193,924 | 5,849,080 | 2.66 |
| Johnson & Johnson | 62,300 | USD | 7,588,873 | 8,761,249 | 3.99 |

	24,218,587	31,081,526	14.15
Public services
| CMS Energy Corp | 111,100 | USD | 6,011,133 | 6,490,462 | 2.95 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 6,011,133 | 6,490,462 | 2.95 |
| Retail | Amazon.com Inc | 4,290 | USD | 6,459,896 | 11,835,338 | 5.39 |
|  | Costco Wholesale Corp | 6,700 | USD | 1,184,943 | 2,031,507 | 0.92 |
|  | Ulta Beauty Inc | 15,700 | USD | 3,731,620 | 3,193,694 | 1.45 |
|  | Walmart Inc | 48,700 | USD | 4,645,383 | 5,833,286 | 2.65 |
|  |  |  |  | 16,021,842 | 22,893,825 | 10.41 |

Total United States of America	150,213,774 202,542,544	92.15
Equity securities	150,213,774 202,542,544	92.15
Transferable securities admitted to an official stock exchange listing	159,606,918 212,491,994	96.68

Translation (ENFR, 2020-06-30):
# Comgest Growth America
MOUVEMENTS SIGNIFICATIFS DU PORTEFEUILLE pour la période financière close le 30 juin 2020
| Achats |  |  |  |
| --- | --- | --- | --- |
| Valeur | Quantité | Montant de règlement (USD) | % du total des achats |
| Analog Devices Inc | 55 000 | 6 075 179 | 18,99 |
| Estee Lauder Cos Inc | 31 000 | 5 193 924 | 16,24 |
| OTIS Worldwide Corp | 39 000 | 2 035 031 | 6,36 |
| CMS Energy Corp | 38 000 | 1 965 071 | 6,14 |
| Alphabet Inc - A Shares | 1 600 | 1 822 468 | 5,70 |
| Comcast Corp - Actions A | 43 000 | 1 782 559 | 5,57 |
| Omnicom Group Inc | 31 500 | 1 747 819 | 5,46 |
| Activision Blizzard Inc | 26 700 | 1 695 276 | 5,30 |
| Medtronic PLC | 12 500 | 1 375 142 | 4,30 |
| Facebook Inc – Actions A | 5 100 | 1 031 542 | 3,22 |
| Ulta Beauty Inc | 5 700 | 1 017 549 | 3,18 |
| Walmart Inc | 8 300 | 1 004 676 | 3,14 |
| Paychex Inc | 12 000 | 785 141 | 2,45 |
| Aramark | 13 200 | 535 708 | 1,67 |
| Oracle Corp | 11 300 | 524 328 | 1,64 |
| Verisk Analytics Inc | 3 637 | 483 533 | 1,51 |
| Avery Dennison Corp | 4 000 | 451 888 | 1,41 |
| Microsoft Corp | 3 000 | 449 879 | 1,41 |
| Visa Inc - Actions A | 1 700 | 289 324 | 0,90 |
| Apple Inc | 1 000 | 264 757 | 0,83 |