# COMPOSITION OF THE ASSETS
| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing |  |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| Austria |  |  |  |  |  |  |
| ERSTE GROUP BANK | 9,176 | EUR | 24.20 | 222,059.20 | 0.22% | 0.22% |
| OMV | 3,329 | EUR | 44.76 | 149,006.04 | 0.15% | 0.15% |
| VERBUND AG | 1,612 | EUR | 93.35 | 150,480.20 | 0.15% | 0.15% |
| VOESTALPINE | 2,394 | EUR | 20.28 | 48,550.32 | 0.05% | 0.05% |
| Belgium |  |  |  | 570,095.76 |  | 0.58% | 0.58% |
| AGEAS SA NV | 3,977 | EUR | 41.98 | 166,954.46 | 0.17% | 0.17% |
| ANHEUSER-BUSCH INBEV | 21,891 | EUR | 51.36 | 1,124,321.76 | 1.14% | 1.14% |
| DIETEREN GROUP | 620 | EUR | 139.60 | 86,552.00 | 0.09% | 0.09% |
| ELIA GROUP | 902 | EUR | 135.20 | 121,950.40 | 0.12% | 0.12% |
| ELIA GROUP DSO | 3 | EUR | 0.44 | 1.33 | 0.00% | 0.00% |
| GBL | 2,600 | EUR | 79.68 | 207,168.00 | 0.21% | 0.21% |
| KBC | 6,208 | EUR | 53.54 | 332,376.32 | 0.34% | 0.34% |
| PROXIMUS SA | 2,947 | EUR | 14.06 | 41,449.56 | 0.04% | 0.04% |
| SOFINA | 400 | EUR | 195.00 | 78,000.00 | 0.08% | 0.08% |
| SOLVAY | 1,901 | EUR | 77.32 | 146,985.32 | 0.15% | 0.15% |
| UCB | 3,000 | EUR | 80.64 | 241,920.00 | 0.24% | 0.24% |
| UMICORE S.A. | 5,346 | EUR | 33.32 | 178,128.72 | 0.18% | 0.18% |
| WAREHOUSES DE PAUW | 3,700 | EUR | 30.00 | 111,000.00 | 0.11% | 0.11% |
| Germany (Federal Republic) |  |  |  | 2,836,807.87 |  | 2.87% | 2.87% |
| ADIDAS AG NA O.N. | 4,260 | EUR | 168.76 | 718,917.60 | 0.73% | 0.73% |
| ALLIANZ-NOM- | 9,984 | EUR | 182.12 | 1,818,286.08 | 1.84% | 1.84% |
| BASF SE | 22,375 | EUR | 41.52 | 929,121.88 | 0.94% | 0.94% |
| BAYER AG | 24,266 | EUR | 56.72 | 1,376,367.52 | 1.39% | 1.39% |
| BECHTLE | 1,980 | EUR | 39.01 | 77,239.80 | 0.08% | 0.08% |
| BEIERSDORF | 2,627 | EUR | 97.48 | 256,079.96 | 0.26% | 0.26% |
| BMW | 8,000 | EUR | 73.46 | 587,680.00 | 0.59% | 0.59% |
| BMW-PRIV- | 1,273 | EUR | 67.60 | 86,054.80 | 0.09% | 0.09% |
| BRENNTAG SE | 3,657 | EUR | 62.10 | 227,099.70 | 0.23% | 0.23% |
| CARL ZEISS MEDITEC | 1,100 | EUR | 113.90 | 125,290.00 | 0.13% | 0.13% |
| COMMERZBANK AG | 26,287 | EUR | 6.69 | 175,754.88 | 0.18% | 0.18% |
| CONTINENTAL | 3,014 | EUR | 66.50 | 200,431.00 | 0.20% | 0.20% |
| COVESTRO | 4,388 | EUR | 32.98 | 144,716.24 | 0.15% | 0.15% |
| DAIM TR HLD E 21 N | 11,575 | EUR | 24.91 | 288,333.25 | 0.29% | 0.29% |
| DELIVERY HERO SE | 3,763 | EUR | 35.77 | 134,602.51 | 0.14% | 0.14% |
| DEUTSCHE BANK-NOM- | 49,873 | EUR | 8.32 | 414,843.61 | 0.42% | 0.42% |
| DEUTSCHE BOERSE | 4,582 | EUR | 159.60 | 731,287.20 | 0.74% | 0.74% |
| DEUTSCHE LUFT-NOM- | 14,388 | EUR | 5.56 | 80,054.83 | 0.08% | 0.08% |
| DEUTSCHE POST | 24,580 | EUR | 35.74 | 878,489.20 | 0.89% | 0.89% |
| DEUTSCHE TELEKOM NOM | 81,100 | EUR | 18.95 | 1,536,520.60 | 1.55% | 1.55% |
| EON.SE | 53,580 | EUR | 8.01 | 429,068.64 | 0.43% | 0.43% |
| EVONIK INDUSTRIES AG | 5,518 | EUR | 20.36 | 112,346.48 | 0.11% | 0.11% |
| FRESENIUS MEDICAL | 4,800 | EUR | 47.63 | 228,624.00 | 0.23% | 0.23% |
| FRESENIUS SE CO | 9,900 | EUR | 28.90 | 286,110.00 | 0.29% | 0.29% |
| GEA GROUP | 4,376 | EUR | 32.89 | 143,926.64 | 0.15% | 0.15% |
| HANNOVER RUECK SE | 1,525 | EUR | 138.50 | 211,212.50 | 0.21% | 0.21% |
| HEIDELBERGCEMENT | 3,260 | EUR | 45.84 | 149,438.40 | 0.15% | 0.15% |
| HELLOFRESH SE | 4,480 | EUR | 30.85 | 138,208.00 | 0.14% | 0.14% |
| HENKEL | 4,240 | EUR | 58.78 | 249,227.20 | 0.25% | 0.25% |
| HENKEL | 2,523 | EUR | 58.40 | 147,343.20 | 0.15% | 0.15% |
| INFINEON | 32,447 | EUR | 23.09 | 749,201.23 | 0.76% | 0.76% |
| KION GROUP AG | 1,966 | EUR | 39.59 | 77,833.94 | 0.08% | 0.08% |
| KNORR-BREMSE AG | 1,848 | EUR | 54.42 | 100,568.16 | 0.10% | 0.10% |
| LEG IMMOBILIEN SE | 1,643 | EUR | 79.12 | 129,994.16 | 0.13% | 0.13% |
| MERCEDES BENZ AG | 19,947 | EUR | 55.22 | 1,101,473.34 | 1.11% | 1.11% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| MERCK | 3,171 | EUR | 161.00 | 510,531.00 |  | 0.52% | 0.52% |
| MTU AERO ENGINES AG | 1,390 | EUR | 173.70 | 241,443.00 | 0.24% | 0.24% |
| MUNCHENER-NOM | 3,470 | EUR | 224.20 | 777,974.00 | 0.79% | 0.79% |
| NEMETSCHEK | 1,600 | EUR | 57.76 | 92,416.00 | 0.09% | 0.09% |
| PORSCHE AUTOMOBIL | 3,567 | EUR | 63.12 | 225,149.04 | 0.23% | 0.23% |
| PUMA | 2,439 | EUR | 62.84 | 153,266.76 | 0.15% | 0.15% |
| RATIONAL | 107 | EUR | 554.50 | 59,331.50 | 0.06% | 0.06% |
| RHEINMETALL | 1,090 | EUR | 220.30 | 240,127.00 | 0.24% | 0.24% |
| RWE AG A | 15,943 | EUR | 35.08 | 559,280.44 | 0.57% | 0.57% |
| SAP | 25,677 | EUR | 86.93 | 2,232,101.61 | 2.26% | 2.26% |
| SARTORIUS VZ | 660 | EUR | 333.40 | 220,044.00 | 0.22% | 0.22% |
| SCOUT24 SE | 1,980 | EUR | 48.99 | 97,000.20 | 0.10% | 0.10% |
| SIEMENS ENERGY AG | 9,401 | EUR | 13.98 | 131,472.99 | 0.13% | 0.13% |
| SIEMENS HEALTH | 7,023 | EUR | 48.49 | 340,545.27 | 0.34% | 0.34% |
| SIEMENS-NOM- | 18,770 | EUR | 97.09 | 1,822,379.30 | 1.84% | 1.84% |
| SYMRISE AG | 3,231 | EUR | 103.85 | 335,539.35 | 0.34% | 0.34% |
| TELEFONICA DT H N | 31,800 | EUR | 2.74 | 87,132.00 | 0.09% | 0.09% |
| UNIPER SE | 2,841 | EUR | 14.17 | 40,256.97 | 0.04% | 0.04% |
| UNITED INTERNET | 1,860 | EUR | 27.23 | 50,647.80 | 0.05% | 0.05% |
| VONOVIA SE | 17,099 | EUR | 29.40 | 502,710.60 | 0.51% | 0.51% |
| VW | 750 | EUR | 173.90 | 130,425.00 | 0.13% | 0.13% |
| VW-PRIV- | 4,608 | EUR | 127.42 | 587,151.36 | 0.59% | 0.59% |
| ZALANDO | 5,786 | EUR | 24.96 | 144,418.56 | 0.15% | 0.15% |
| Spain |  |  |  | 24,623,090.30 |  | 24.89% | 24.88% |
| ACCIONA SA | 615 | EUR | 175.50 | 107,932.50 | 0.11% | 0.11% |
| ACS | 6,280 | EUR | 23.13 | 145,256.40 | 0.15% | 0.15% |
| AENA S.A. | 1,941 | EUR | 121.25 | 235,346.25 | 0.24% | 0.24% |
| AMADEUS IT GROUP SA | 11,111 | EUR | 53.16 | 590,660.76 | 0.60% | 0.60% |
| BANCO BILBAO | 166,096 | EUR | 4.33 | 719,278.73 | 0.73% | 0.73% |
| BANCO SANTANDER | 432,040 | EUR | 2.69 | 1,161,323.52 | 1.17% | 1.17% |
| CAIXABANK S.A | 105,813 | EUR | 3.32 | 350,981.72 | 0.35% | 0.35% |
| CELLNEX TELECOM | 12,600 | EUR | 37.03 | 466,578.00 | 0.47% | 0.47% |
| EDP RNOVAVEIS | 6,750 | EUR | 22.52 | 152,010.00 | 0.15% | 0.15% |
| ENAGAS | 6,346 | EUR | 21.07 | 133,710.22 | 0.14% | 0.14% |
| ENDESA | 8,006 | EUR | 18.00 | 144,108.00 | 0.15% | 0.15% |
| FERROVIAL S.A | 11,383 | EUR | 24.19 | 275,354.77 | 0.28% | 0.28% |
| GRIFOLS SA | 7,111 | EUR | 18.04 | 128,246.89 | 0.13% | 0.13% |
| IBERDROLA SA | 144,726 | EUR | 9.90 | 1,432,208.50 | 1.45% | 1.45% |
| INDITEX | 26,588 | EUR | 21.59 | 574,034.92 | 0.58% | 0.58% |
| NATURGY ENERGY GROUP | 3,079 | EUR | 27.47 | 84,580.13 | 0.09% | 0.09% |
| RED ELECTRICA CORP | 11,095 | EUR | 18.02 | 199,987.38 | 0.20% | 0.20% |
| REPSOL | 36,524 | EUR | 14.05 | 513,162.20 | 0.52% | 0.52% |
| SIEMENS GAMESA | 4,877 | EUR | 17.91 | 87,347.07 | 0.09% | 0.09% |
| TELEFONICA | 129,409 | EUR | 4.86 | 629,186.56 | 0.64% | 0.64% |
| Finland |  |  |  | 8,131,294.52 |  | 8.22% | 8.22% |
| ELISA -A- | 3,608 | EUR | 53.62 | 193,460.96 | 0.20% | 0.20% |
| FORTUM CORP | 10,000 | EUR | 14.31 | 143,150.00 | 0.14% | 0.14% |
| KESKO CORP | 6,100 | EUR | 22.51 | 137,311.00 | 0.14% | 0.14% |
| KONE B | 8,267 | EUR | 45.36 | 374,991.12 | 0.38% | 0.38% |
| NESTE CORPORATION | 10,559 | EUR | 42.24 | 446,012.16 | 0.45% | 0.45% |
| NOKIA-A-NEW | 135,263 | EUR | 4.44 | 600,500.09 | 0.61% | 0.61% |
| ORION -B- NEW | 2,994 | EUR | 42.60 | 127,544.40 | 0.13% | 0.13% |
| SAMPO OYJ | 12,602 | EUR | 41.52 | 523,235.04 | 0.53% | 0.53% |
| STORA ENSO-R- | 12,727 | EUR | 14.96 | 190,459.56 | 0.19% | 0.19% |
| UPM-KYMMENE | 13,656 | EUR | 29.01 | 396,160.56 | 0.40% | 0.40% |
| WARTSILA -B- | 13,029 | EUR | 7.43 | 96,805.47 | 0.10% | 0.10% |
| France |  |  |  | 3,229,630.36 |  | 3.26% | 3.26% |
| ACCOR | 4,896 | EUR | 25.83 | 126,463.68 | 0.13% | 0.13% |
| ADP | 648 | EUR | 120.85 | 78,310.80 | 0.08% | 0.08% |
| AIR LIQUIDE | 13,009 | EUR | 128.12 | 1,666,713.08 | 1.68% | 1.68% |
| ALSTOM | 8,000 | EUR | 21.59 | 172,720.00 | 0.17% | 0.17% |
| AMUNDI | 1,585 | EUR | 52.20 | 82,737.00 | 0.08% | 0.08% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ARKEMA | 1,448 | EUR | 84.92 | 122,964.16 |  | 0.12% | 0.12% |
| AXA | 47,823 | EUR | 21.66 | 1,035,846.18 | 1.05% | 1.05% |
| BIOMERIEUX S.A. | 1,149 | EUR | 93.20 | 107,086.80 | 0.11% | 0.11% |
| BNP | 27,426 | EUR | 45.37 | 1,244,180.49 | 1.26% | 1.26% |
| BOLLORE SE | 21,482 | EUR | 4.42 | 94,950.44 | 0.10% | 0.10% |
| BOUYGUES | 6,220 | EUR | 29.36 | 182,619.20 | 0.18% | 0.18% |
| BUREAU VERITAS SA | 7,297 | EUR | 24.45 | 178,411.65 | 0.18% | 0.18% |
| CAPGEMINI | 4,067 | EUR | 163.45 | 664,751.15 | 0.67% | 0.67% |
| CARREFOUR SA | 16,209 | EUR | 16.89 | 273,688.97 | 0.28% | 0.28% |
| COINTREAU | 563 | EUR | 166.70 | 93,852.10 | 0.09% | 0.09% |
| COVIVIO | 1,281 | EUR | 52.95 | 67,828.95 | 0.07% | 0.07% |
| CREDIT AGRICOLE | 30,693 | EUR | 8.73 | 267,980.58 | 0.27% | 0.27% |
| DANONE | 16,105 | EUR | 53.26 | 857,752.30 | 0.87% | 0.87% |
| DASSAULT AVIA | 510 | EUR | 148.90 | 75,939.00 | 0.08% | 0.08% |
| DASSAULT SYSTEMES SE | 16,736 | EUR | 35.12 | 587,684.64 | 0.59% | 0.59% |
| EDENRED SA | 5,894 | EUR | 44.97 | 265,053.18 | 0.27% | 0.27% |
| EDF | 9,280 | EUR | 7.81 | 72,439.68 | 0.07% | 0.07% |
| EIFFAGE | 2,023 | EUR | 85.88 | 173,735.24 | 0.18% | 0.18% |
| ENGIE | 44,258 | EUR | 10.97 | 485,333.23 | 0.49% | 0.49% |
| ESSILOR LUX | 7,137 | EUR | 142.90 | 1,019,877.30 | 1.03% | 1.03% |
| EURAZEO SA | 1,000 | EUR | 59.10 | 59,100.00 | 0.06% | 0.06% |
| FDJ | 2,124 | EUR | 33.02 | 70,134.48 | 0.07% | 0.07% |
| GECINA | 1,204 | EUR | 89.00 | 107,156.00 | 0.11% | 0.11% |
| GETLINK | 11,044 | EUR | 16.83 | 185,870.52 | 0.19% | 0.19% |
| HERMES | 778 | EUR | 1,067.00 | 830,126.00 | 0.84% | 0.84% |
| IPSEN | 804 | EUR | 90.05 | 72,400.20 | 0.07% | 0.07% |
| KERING | 1,833 | EUR | 490.10 | 898,353.30 | 0.91% | 0.91% |
| KLEPIERRE | 5,700 | EUR | 18.36 | 104,652.00 | 0.11% | 0.11% |
| LEGRAND-PROV.OPO | 6,548 | EUR | 70.46 | 461,372.08 | 0.47% | 0.47% |
| L OREAL | 5,902 | EUR | 329.30 | 1,943,528.60 | 1.96% | 1.96% |
| LVMH MOET HENNESSY | 6,818 | EUR | 581.70 | 3,966,030.60 | 4.01% | 4.01% |
| MICHELIN N | 17,260 | EUR | 25.98 | 448,328.50 | 0.45% | 0.45% |
| ORANGE SA | 50,394 | EUR | 11.22 | 565,420.68 | 0.57% | 0.57% |
| PERNOD-RICARD | 5,130 | EUR | 175.30 | 899,289.00 | 0.91% | 0.91% |
| PUBLICIS NEW | 5,400 | EUR | 46.66 | 251,964.00 | 0.25% | 0.25% |
| RENAULT | 4,146 | EUR | 23.79 | 98,633.34 | 0.10% | 0.10% |
| SAFRAN | 8,399 | EUR | 94.21 | 791,269.79 | 0.80% | 0.80% |
| SAINT-GOBAIN | 12,381 | EUR | 40.95 | 506,940.05 | 0.51% | 0.51% |
| SANOFI | 28,253 | EUR | 96.34 | 2,721,894.02 | 2.75% | 2.75% |
| SARTORIUS STEDIM | 671 | EUR | 299.30 | 200,830.30 | 0.20% | 0.20% |
| SCHNEIDER ELECTRIC | 13,372 | EUR | 112.90 | 1,509,698.80 | 1.53% | 1.53% |
| SEB SA | 763 | EUR | 91.55 | 69,852.65 | 0.07% | 0.07% |
| SOCGEN-A- | 19,912 | EUR | 20.89 | 415,961.68 | 0.42% | 0.42% |
| SODEXO | 2,087 | EUR | 67.06 | 139,954.22 | 0.14% | 0.14% |
| TELEPERFORMANCE | 1,391 | EUR | 293.30 | 407,980.30 | 0.41% | 0.41% |
| THALES | 2,498 | EUR | 117.05 | 292,390.90 | 0.30% | 0.30% |
| TOTALENERGIES SE | 60,981 | EUR | 50.37 | 3,071,612.97 | 3.10% | 3.10% |
| UBISOFT | 2,190 | EUR | 41.90 | 91,761.00 | 0.09% | 0.09% |
| UNIBAIL RODAMCO WEST | 2,925 | EUR | 48.65 | 142,301.25 | 0.14% | 0.14% |
| VALEO SA | 4,516 | EUR | 18.43 | 83,207.30 | 0.08% | 0.08% |
| VEOLIA ENVIRON. | 16,091 | EUR | 23.29 | 374,759.39 | 0.38% | 0.38% |
| VINCI SA | 13,380 | EUR | 84.96 | 1,136,764.80 | 1.15% | 1.15% |
| VIVENDI | 16,684 | EUR | 9.70 | 161,768.06 | 0.16% | 0.16% |
| WENDEL | 678 | EUR | 79.75 | 54,070.50 | 0.05% | 0.05% |
| WORLDLINE SA | 5,940 | EUR | 35.38 | 210,157.20 | 0.21% | 0.21% |
| United Kingdom |  |  |  | 33,344,454.28 |  | 33.71% | 33.70% |
| COCA-COLA EUROPACIF | 4,784 | USD | 51.61 | 236,168.39 | 0.24% | 0.24% |
| Ireland |  |  |  | 236,168.39 |  | 0.24% | 0.24% |
| CRH | 18,410 | EUR | 33.00 | 607,530.00 | 0.61% | 0.61% |
| FLUTTER ENTERT | 4,246 | EUR | 96.48 | 409,654.08 | 0.41% | 0.41% |
| KERRY | 3,978 | EUR | 91.34 | 363,350.52 | 0.37% | 0.37% |
| KINGSPAN GROUP PLC | 3,657 | EUR | 57.40 | 209,911.80 | 0.21% | 0.21% |
| SMURFIT KAPPA | 6,330 | EUR | 32.08 | 203,066.40 | 0.21% | 0.21% |
|  |  |  |  | 1,793,512.80 |  | 1.81% | 1.81% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Italy |  |  |  |  |  |  |  |
| AMPLIFON SPA | 3,111 | EUR | 29.25 | 90,996.75 | 0.09% | 0.09% |
| ATLANTIA SPA | 12,794 | EUR | 22.38 | 286,329.72 | 0.29% | 0.29% |
| DIASORIN SPA | 529 | EUR | 125.20 | 66,230.80 | 0.07% | 0.07% |
| ENEL NEW | 202,660 | EUR | 5.22 | 1,057,885.20 | 1.07% | 1.07% |
| ENI SPA | 61,732 | EUR | 11.33 | 699,300.10 | 0.71% | 0.71% |
| FINECOBANK SPA | 14,400 | EUR | 11.42 | 164,448.00 | 0.17% | 0.17% |
| GENERALI | 28,000 | EUR | 15.22 | 426,300.00 | 0.43% | 0.43% |
| INFRASTRUTTURE WIREL | 10,000 | EUR | 9.68 | 96,840.00 | 0.10% | 0.10% |
| INTESA SANPAOLO | 412,116 | EUR | 1.78 | 733,566.48 | 0.74% | 0.74% |
| MEDIOBANCA | 13,083 | EUR | 8.26 | 108,039.41 | 0.11% | 0.11% |
| MONCLER SPA | 5,514 | EUR | 40.93 | 225,688.02 | 0.23% | 0.23% |
| NEXI SPA | 11,500 | EUR | 7.90 | 90,896.00 | 0.09% | 0.09% |
| POSTE ITALIANE | 11,147 | EUR | 8.91 | 99,342.06 | 0.10% | 0.10% |
| PRYSMIAN SPA | 6,340 | EUR | 26.21 | 166,171.40 | 0.17% | 0.17% |
| RECORDATI IND-NEW | 2,720 | EUR | 41.51 | 112,907.20 | 0.11% | 0.11% |
| SNAM SPA | 48,986 | EUR | 5.00 | 244,881.01 | 0.25% | 0.25% |
| TELECOM ITALIA | 214,299 | EUR | 0.25 | 53,510.46 | 0.05% | 0.05% |
| TERNA | 37,274 | EUR | 7.49 | 279,107.71 | 0.28% | 0.28% |
| UNICREDIT SPA | 50,694 | EUR | 9.06 | 459,541.11 | 0.46% | 0.46% |
| Luxembourg (Grand Duchy) |  |  |  | 5,461,981.43 |  | 5.52% | 5.52% |
| ARCELORMITTAL | 15,600 | EUR | 21.51 | 335,556.00 | 0.34% | 0.34% |
| AROUNDTOWN S.A. | 25,185 | EUR | 3.03 | 76,386.11 | 0.08% | 0.08% |
| EUROFINS SCIENTIFIC | 3,100 | EUR | 75.08 | 232,748.00 | 0.24% | 0.24% |
| TENARIS | 11,900 | EUR | 12.27 | 146,013.00 | 0.15% | 0.15% |
| Netherlands |  |  |  | 790,703.11 |  | 0.80% | 0.80% |
| ABN AMRO DR | 9,122 | EUR | 10.71 | 97,742.23 | 0.10% | 0.10% |
| ADYEN N.V. | 522 | EUR | 1,388.00 | 724,536.00 | 0.73% | 0.73% |
| AEGON | 41,711 | EUR | 4.13 | 172,183.01 | 0.17% | 0.17% |
| AERCAP HOLDINGS NV | 3,200 | USD | 40.94 | 125,312.54 | 0.13% | 0.13% |
| AIRBUS | 14,385 | EUR | 92.45 | 1,329,893.25 | 1.34% | 1.34% |
| AKZO NOBEL NV | 4,562 | EUR | 62.62 | 285,672.44 | 0.29% | 0.29% |
| ARGEN-X N.V. | 1,157 | EUR | 357.50 | 413,627.50 | 0.42% | 0.42% |
| ASM INTERNATIONAL | 1,160 | EUR | 238.60 | 276,776.00 | 0.28% | 0.28% |
| ASML HOLDING NV | 9,998 | EUR | 455.85 | 4,557,588.30 | 4.61% | 4.61% |
| CNH INDUSTRIAL | 24,700 | EUR | 11.02 | 272,194.00 | 0.28% | 0.28% |
| DAVIDE CAMP MIL | 10,271 | EUR | 10.04 | 103,069.49 | 0.10% | 0.10% |
| DSM | 4,368 | EUR | 137.10 | 598,852.80 | 0.61% | 0.61% |
| EURONEXT NV | 2,237 | EUR | 77.90 | 174,262.30 | 0.18% | 0.18% |
| EXOR RG | 2,809 | EUR | 59.48 | 167,079.32 | 0.17% | 0.17% |
| FERRARI NV | 3,200 | EUR | 175.20 | 560,640.00 | 0.57% | 0.57% |
| HEINEKEN | 2,282 | EUR | 69.45 | 158,484.90 | 0.16% | 0.16% |
| HEINEKEN- | 6,355 | EUR | 87.00 | 552,885.00 | 0.56% | 0.56% |
| IMCD N.V. | 1,500 | EUR | 130.95 | 196,425.00 | 0.20% | 0.20% |
| ING GROUP | 97,188 | EUR | 9.43 | 916,580.03 | 0.93% | 0.93% |
| JDE PEETS | 2,700 | EUR | 27.16 | 73,332.00 | 0.07% | 0.07% |
| JUST EAT TAKEAWAY | 4,682 | EUR | 15.07 | 70,539.01 | 0.07% | 0.07% |
| KONINKLIJKE AHOLD | 26,325 | EUR | 24.86 | 654,439.50 | 0.66% | 0.66% |
| KPN NEW | 87,280 | EUR | 3.40 | 296,839.28 | 0.30% | 0.30% |
| NN GROUP NV | 6,807 | EUR | 43.34 | 295,015.38 | 0.30% | 0.30% |
| OCI | 2,600 | EUR | 31.48 | 81,848.00 | 0.08% | 0.08% |
| PHILIPS NV | 22,241 | EUR | 20.55 | 457,163.76 | 0.46% | 0.46% |
| PROSUS NV | 20,662 | EUR | 62.48 | 1,290,961.76 | 1.30% | 1.30% |
| QIAGEN NV | 5,794 | EUR | 44.70 | 258,991.80 | 0.26% | 0.26% |
| RANDSTAD N.V. | 3,000 | EUR | 46.20 | 138,600.00 | 0.14% | 0.14% |
| STELLANTIS N.V. | 50,938 | EUR | 11.79 | 600,660.90 | 0.61% | 0.61% |
| STMICROELECTRONICS | 16,598 | EUR | 29.98 | 497,691.03 | 0.50% | 0.50% |
| UNIVERSAL MUSIC | 18,092 | EUR | 19.13 | 346,172.33 | 0.35% | 0.35% |
| WOLTERS KLUWER | 6,537 | EUR | 92.56 | 605,064.72 | 0.61% | 0.61% |
| Portugal |  |  |  | 17,351,123.58 |  | 17.54% | 17.54% |
| BANCO ESPIRITO | 583,007 | EUR | 0.00 | 0.00 | 0.00% | 0.00% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| EDP-ENERGIAS-REG | 66,117 | EUR | 4.45 | 294,352.88 |  | 0.30% | 0.30% |
| GALP ENERGIA -B- | 11,803 | EUR | 11.18 | 132,016.56 | 0.13% | 0.13% |
| JERONIMO | 6,259 | EUR | 20.74 | 129,811.66 | 0.13% | 0.13% |
|  |  |  |  | 556,181.10 |  | 0.56% | 0.56% |
| Total - Shares |  |  |  | 98,925,043.50 | 100.00% | 99.97% |
| Total - Transferable securities admitted to an official stock exchange listing |  |  |  | 98,925,043.50 | 100.00% | 99.97% |
| Total - portfolio |  |  |  | 98,925,043.50 | 100.00% | 99.97% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |  |  |
| deposit and liquid assets |  |  |  |  |  |  |
| Banque Degroof Petercam |  | USD |  | 11,746.79 |  | 0.01% |
| Interest on current account |  | GBP |  | 1.86 |  | 0.00% |
| Banque Degroof Petercam |  | EUR |  | 86,161.36 |  | 0.09% |
| Banque Degroof Petercam |  | GBP |  | 4,223.63 |  | 0.00% |
| Banque Degroof Petercam |  | USD |  | 157.14 |  | 0.00% |
| Interest on current account |  | USD |  | 7.34 |  | 0.00% |
| Interest on Foreign Exchange Account |  | USD |  | 0.04 |  | 0.00% |
| Total - deposit and liquid assets |  |  |  | 102,298.16 |  | 0.10% |
| Total - Deposits and liquid assets |  |  |  | 102,298.16 |  | 0.10% |
| Other receivables and other payables |  |  |  | -77,186.86 |  | -0.08% |
| Others |  |  |  | 0.00 |  | 0.00% |
| Total net assets |  |  |  | 98,950,154.80 |  | 100,00% |

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Translation (ENFR, 2022-06-30):
# COMPOSITION DES ACTIFS
| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 5.981.640,00 |  | 2,57% | 2,53% |
| Obligations et autres titres de créances |  |  |  |
| Emis(es) par état |  |  |  |
| Allemagne |  |  |  |
| BUNDESREP 0,00 21-23 | 6.000.000 | EUR | 99,69 |
| Espagne |  |  |  | 5.981.640,00 |  | 2,57% | 2,53% |
| SPAIN 5,40 13-23 | 4.000.000 | EUR | 103,09 | 4.123.420,00 | 1,77% | 1,74% |
| Italie |  |  |  | 4.123.420,00 |  | 1,77% | 1,74% |
| BTPS 0,00 20-22 | 4.000.000 | EUR | 99,94 | 3.997.620,00 | 1,71% | 1,69% |
| ITALY 0,60 20-23 | 5.000.000 | EUR | 100,08 | 5.004.175,00 | 2,15% | 2,11% |
|  |  |  |  | 9.001.795,00 |  | 3,86% | 3,80% |
| Total - Emis(es) par état |  |  |  | 19.106.855,00 | 8,20% | 8,07% |
| Obligation du Secteur Public |  |  |  |  |  |  |
| Danemark |  |  |  |  |  |  |
| ORSTED 2,625 12-22 | 3.000.000 | EUR | 100,50 | 3.015.045,00 | 1,29% | 1,27% |
| France |  |  |  | 3.015.045,00 |  | 1,29% | 1,27% |
| APRR 0,00 20-23 | 3.000.000 | EUR | 99,70 | 2.990.925,00 | 1,28% | 1,26% |
|  |  |  |  | 2.990.925,00 |  | 1,28% | 1,26% |
| Total - Obligation du Secteur Public |  |  |  | 6.005.970,00 | 2,58% | 2,54% |
| Emis(es) par une entreprise privée |  |  |  |  |  |  |
| Australie |  |  |  |  |  |  |
| TELSTRA 3,50 12-22 | 3.000.000 | EUR | 100,71 | 3.021.375,00 | 1,30% | 1,28% |
| Belgique |  |  |  | 3.021.375,00 |  | 1,30% | 1,28% |
| SOLVAY 1,625 15-22 | 300.000 | EUR | 100,24 | 300.708,00 | 0,13% | 0,13% |
| Allemagne |  |  |  | 300.708,00 |  | 0,13% | 0,13% |
| MERCEDES 2,375 12-22 | 3.000.000 | EUR | 100,40 | 3.012.045,00 | 1,29% | 1,27% |
| TLG IMMO 0,375 19-22 | 1.000.000 | EUR | 100,03 | 1.000.280,00 | 0,43% | 0,42% |
| Espagne |  |  |  | 4.012.325,00 |  | 1,72% | 1,69% |
| CRITERIA 1,50 17-23 | 5.000.000 | EUR | 100,06 | 5.003.050,00 | 2,15% | 2,11% |
| MERLIN 2,225 16-23 | 2.000.000 | EUR | 100,34 | 2.006.810,00 | 0,86% | 0,85% |
| Finlande |  |  |  | 7.009.860,00 |  | 3,01% | 2,96% |
| FORTUM 2,25 12-22 | 1.000.000 | EUR | 99,97 | 999.695,00 | 0,43% | 0,42% |
|  |  |  |  | 999.695,00 |  | 0,43% | 0,42% |

| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| France |  |  |  |  |  |  |  |
| AUTOROUT 2,875 13-23 | 5.000.000 | EUR | 101,27 | 5.063.325,00 | 2,17% | 2,14% |
| BFCM 0,75 19-23 | 8.000.000 | EUR | 99,50 | 7.960.240,00 | 3,41% | 3,36% |
| BFCM 3,25 12-22 | 3.000.000 | EUR | 100,42 | 3.012.690,00 | 1,29% | 1,27% |
| ENGIE 0,375 17-23 | 5.000.000 | EUR | 99,69 | 4.984.450,00 | 2,14% | 2,11% |
| ENGIE SA 3,00 12-23 | 4.000.000 | EUR | 101,26 | 4.050.220,00 | 1,74% | 1,71% |
| GDF SUEZ 3,50 10-22 | 2.500.000 | EUR | 100,95 | 2.523.637,50 | 1,08% | 1,07% |
| LVMH 0,125 19-23 | 3.000.000 | EUR | 99,87 | 2.995.965,00 | 1,29% | 1,27% |
| ORANGE 3,375 10-22 | 2.000.000 | EUR | 100,64 | 2.012.870,00 | 0,86% | 0,85% |
| RCI 0,75 19-23 | 6.000.000 | EUR | 99,07 | 5.944.290,00 | 2,55% | 2,51% |
| SOCGEN 0,50 17-23 | 7.000.000 | EUR | 99,96 | 6.997.340,00 | 3,00% | 2,96% |
| Irlande |  |  |  | 45.545.027,50 |  | 19,54% | 19,24% |
| CRH FIN 3,125 13-23 | 3.000.000 | EUR | 101,41 | 3.042.165,00 | 1,31% | 1,28% |
| Italie |  |  |  | 3.042.165,00 |  | 1,31% | 1,28% |
| MEDIOBCA 0,625 17-22 | 2.000.000 | EUR | 100,06 | 2.001.180,00 | 0,86% | 0,85% |
| UBI 0,75 17-22 | 3.100.000 | EUR | 100,08 | 3.102.526,50 | 1,33% | 1,31% |
| UBI BANCA 1,75 18-23 | 960.000 | EUR | 100,16 | 961.526,40 | 0,41% | 0,41% |
| Jersey |  |  |  | 6.065.232,90 |  | 2,60% | 2,56% |
| SWISS RE 1,375 16-23 | 5.000.000 | EUR | 100,12 | 5.005.850,00 | 2,15% | 2,11% |
| Caïmanes |  |  |  | 5.005.850,00 |  | 2,15% | 2,11% |
| CK HUTCH 1,25 16-23 | 7.000.000 | EUR | 100,31 | 7.021.455,00 | 3,01% | 2,97% |
| Luxembourg (Grand-Duché) |  |  |  | 7.021.455,00 |  | 3,01% | 2,97% |
| BECTON 0,632 19-23 | 7.000.000 | EUR | 99,20 | 6.944.000,00 | 2,98% | 2,93% |
| HOLCIM 1,375 16-23 | 3.000.000 | EUR | 100,09 | 3.002.655,00 | 1,29% | 1,27% |
| MEDTRON 0,375 19-23 | 6.000.000 | EUR | 99,80 | 5.987.970,00 | 2,57% | 2,53% |
| MEDTRONIC 0,00 19-22 | 4.500.000 | EUR | 99,93 | 4.496.782,50 | 1,93% | 1,90% |
| Pays-Bas |  |  |  | 20.431.407,50 |  | 8,76% | 8,63% |
| AKZO NOB 2,625 12-22 | 4.000.000 | EUR | 100,15 | 4.006.120,00 | 1,72% | 1,69% |
| ALLIANDER 2,25 12-22 | 3.000.000 | EUR | 100,80 | 3.023.925,00 | 1,30% | 1,28% |
| BMW FIN 2,375 13-23 | 4.000.000 | EUR | 101,09 | 4.043.560,00 | 1,73% | 1,71% |
| DEUTSCHE 0,625 18-22 | 4.500.000 | EUR | 100,12 | 4.505.400,00 | 1,93% | 1,90% |
| DEUTSCHE 4,25 10-22 | 3.000.000 | EUR | 100,12 | 3.003.555,00 | 1,29% | 1,27% |
| DEUT TEL 0,625 16-23 | 6.500.000 | EUR | 99,80 | 6.486.935,00 | 2,78% | 2,74% |
| ENEL 4,875 12-23 | 5.000.000 | EUR | 103,05 | 5.152.300,00 | 2,21% | 2,18% |
| IBERDROL 1,125 15-23 | 7.700.000 | EUR | 100,23 | 7.718.018,00 | 3,31% | 3,26% |
| MERCEDES 0,625 19-23 | 1.000.000 | EUR | 99,92 | 999.225,00 | 0,43% | 0,42% |
| STEDIN FRN 17-22 | 800.000 | EUR | 100,03 | 800.232,00 | 0,34% | 0,34% |
| TENNET 4,625 11-23 | 1.000.000 | EUR | 102,22 | 1.022.210,00 | 0,44% | 0,43% |
| VOLKSWAG 0,875 15-23 | 2.000.000 | EUR | 100,18 | 2.003.600,00 | 0,86% | 0,85% |
| WOLTERS 2,875 13-23 | 3.000.000 | EUR | 101,61 | 3.048.330,00 | 1,31% | 1,29% |
| Suède |  |  |  | 45.813.410,00 |  | 19,65% | 19,35% |
| NORDEA 1,00 16-23 | 1.000.000 | EUR | 100,17 | 1.001.655,00 | 0,43% | 0,42% |
| États-Unis d'Amérique |  |  |  | 1.001.655,00 |  | 0,43% | 0,42% |
| AMERICA 1,375 15-22 | 2.000.000 | EUR | 100,32 | 2.006.430,00 | 0,86% | 0,85% |
| AMERICAN 0,55 18-23 | 5.000.000 | EUR | 99,79 | 4.989.600,00 | 2,14% | 2,11% |

| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| APPLE INC 1,00 14-22 | 1.000.000 | EUR | 100,28 | 1.002.835,00 |  | 0,43% | 0,42% |
| BECTON 1,00 16-22 | 4.500.000 | EUR | 100,14 | 4.506.300,00 | 1,93% | 1,90% |
| FIDELITY 0,125 19-22 | 3.000.000 | EUR | 99,95 | 2.998.365,00 | 1,29% | 1,27% |
| FIDELITY 0,75 19-23 | 3.000.000 | EUR | 99,36 | 2.980.800,00 | 1,28% | 1,26% |
| GE 1,25 15-23 | 2.000.000 | EUR | 99,98 | 1.999.650,00 | 0,86% | 0,84% |
| GM 0,20 19-22 | 5.000.000 | EUR | 99,85 | 4.992.425,00 | 2,14% | 2,11% |
| GOLDMAN S 3,25 13-23 | 9.000.000 | EUR | 101,37 | 9.123.255,00 | 3,91% | 3,85% |
| IBM 0,375 19-23 | 9.000.000 | EUR | 99,93 | 8.993.700,00 | 3,86% | 3,80% |
| JP MORGAN 2,75 13-23 | 8.000.000 | EUR | 101,16 | 8.092.880,00 | 3,47% | 3,42% |
| MORGAN S 1,875 14-23 | 700.000 | EUR | 100,62 | 704.333,00 | 0,30% | 0,30% |
| TOYOTA 2,375 13-23 | 1.350.000 | EUR | 101,05 | 1.364.154,75 | 0,59% | 0,58% |
|  |  |  |  | 53.754.727,75 |  | 23,06% | 22,70% |
| Total - Emis(es) par une entreprise privée |  |  |  | 203.024.893,65 | 87,09% | 85,74% |
| Total - Obligations et autres titres de créances |  |  |  | 228.137.718,65 | 97,87% | 96,35% |
| Instruments du marché monétaire |  |  |  |  |  |  |
| FRENCH 0,00 22-23 | 5.000.000 | EUR | 99,49 | 4.974.718,82 | 2,13% | 2,10% |
| Total - Instruments du marché monétaire |  |  |  | 4.974.718,82 | 2,13% | 2,10% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 233.112.437,47 | 100,00% | 98,45% |
| Total - portefeuille |  |  |  | 233.112.437,47 | 100,00% | 98,45% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |
| Avoirs bancaires à vue |  |  |  |  |  |  |
| Banque Degroof Petercam |  | EUR |  | 6.232.101,50 |  | 2,63% |
| Total - Avoirs bancaires à vue |  |  |  | 6.232.101,50 |  | 2,63% |
| Total - Dépôts et Liquidités |  |  |  | 6.232.101,50 |  | 2,63% |
| Créances et dettes diverses |  |  |  | -4.117.137,86 |  | -1,74% |
| Autres |  |  |  | 1.551.031,77 |  | 0,66% |
| Actif Net Total |  |  |  | 236.778.432,88 |  | 100,00% |

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