# Geographical classification
(by domicile of the issuer) (in percentage of net assets)
| United States of America | 20.21 % |
| --- | --- |
| Japan | 14.97 % |
| Canada | 12.78 % |
| Switzerland | 11.60 % |
| United Kingdom | 6.32 % |
| Cayman Islands | 2.80 % |
| South Korea | 2.77 % |
| China | 2.52 % |
| France | 1.90 % |
| Denmark | 1.86 % |
| Israel | 1.65 % |
| Ireland | 1.60 % |
| Thailand | 1.33 % |
| Germany | 1.31 % |
| Taiwan | 1.31 % |
| Vietnam | 1.29 % |
| Mexico | 1.16 % |
| Spain | 1.06 % |
| Finland | 1.04 % |
| Sweden | 0.73 % |
| Hong Kong | 0.46 % |
| Total | 90.67 % |

| Assets |  |
| --- | --- |
| Securities portfolio at market value | 96,668,620.58 |
| Deposits on futures contracts | 1,980,000.00 |
| Cash at banks | 8,241,177.07 |
| Receivable on issues of shares | 14,554.35 |
| Income receivable on portfolio | 47,002.70 |
| Other receivables | 3,350,272.50 |
| Prepaid expenses | 	119.08  |
| Total assets | 110,301,746.28 |
| Liabilities |  |
| Bank overdrafts | 131,600.92 |
| Payable on redemptions of shares | 145,127.74 |
| Unrealised loss on futures contracts | 2,811,960.00 |
| Expenses payable | 	134,678.85  |
| Total liabilities | 3,223,367.51 |
| Net assets at the end of the period | 107,078,378.77 |

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 USD) |
| --- | --- | --- | --- | --- |
| A | 18,424.260 | USD | 158.42 | 2,918,690.62 |
| AM | 19,201.558 | USD | 159.58 | 3,064,178.82 |
| AR | 2,095.000 | USD | 157.37 | 329,697.20 |
| B | 507,831.224 | USD | 173.55 | 88,132,544.56 |
| BI | 1,508.734 | USD | 1,623.69 | 2,449,720.43 |
| BM | 54,827.266 | USD | 177.27 | 9,719,171.14 |
| BR | 2,855.094 | USD | 162.65 | 	464,376.00  |
|  |  |  |  | 	107,078,378.77  |

| Income |  |
| --- | --- |
| Dividends, net | 372,395.64 |
| Bank interest | 580.79 |
| Other commissions received | 	595.96  |
| Total income | 373,572.39 |
| Expenses |  |
| Management fees | 659,922.76 |
| Depositary fees | 29,372.83 |
| Banking charges and other fees | 9,674.21 |
| Transaction fees | 26,386.79 |
| Central administration costs | 53,831.43 |
| Professional fees | 733.58 |
| Other administration costs | 29,231.15 |
| Subscription duty ("taxe d'abonnement") | 25,020.04 |
| Other taxes | 17,473.59 |
| Bank interest paid | 10,617.12 |
| Other expenses | 	2,094.61  |
| Total expenses | 864,358.11 |
| Net investment loss | -490,785.72 |
| Net realised gain/(loss) |  |
| - on securities portfolio | 5,652,633.80 |
| - on futures contracts | 1,196,625.00 |
| - on foreign exchange | 	-62,129.18  |
| Realised result | 6,296,343.90 |
| Net variation of the unrealised gain/(loss) |  |
| - on securities portfolio | -3,602,966.92 |
| - on futures contracts | 	-4,116,447.50  |
| Result of operations | -1,423,070.52 |
| Dividends paid | - |
| Reinvestments | - |
| Subscriptions | 5,396,535.70 |
| Redemptions | -7,094,092.51 |
| Total changes in net assets | -3,120,627.33 |
| Total net assets at the beginning of the period | 110,199,006.10 |
| Total net assets at the end of the period | 107,078,378.77 |

| Total net assets | Currency | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
|  | USD | 95,180,278.13 | 110,199,006.10 | 107,078,378.77 |

| Net asset value per share class | Currency | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
| A | USD | 152.79 | 160.67 | 158.42 |
| AM | USD | 158.81 | 161.51 | 159.58 |
| AR | USD | 152.36 | 159.77 | 157.37 |
| B | USD | 166.43 | 175.99 | 173.55 |
| BI | USD | 1,540.91 | 1,640.61 | 1,623.69 |
| BM | USD | 168.97 | 179.39 | 177.27 |
| BR | USD | 156.54 | 165.11 | 162.65 |

| Number of shares | outstanding at the beginning of the period | issued | redeemed | outstanding at the end of the period |
| --- | --- | --- | --- | --- |
| A | 18,286.122 | 2,814.297 | -2,676.159 | 18,424.260 |
| AM | 17,459.614 | 2,088.022 | -346.078 | 19,201.558 |
| AR | 2,095.000 | - | - | 2,095.000 |
| B | 519,962.321 | 18,541.336 | -30,672.433 | 507,831.224 |
| BI | 1,275.466 | 262.330 | -29.062 | 1,508.734 |
| BM | 56,274.282 | 4,334.350 | -5,781.366 | 54,827.266 |
| BR | 2,502.437 | 352.657 | - | 2,855.094 |

| TER per share class as at 31.03.2022 | (in %) |
| --- | --- |
| A | 1.53 |
| AM | 1.12 |
| AR | 1.75 |
| B | 1.51 |
| BI | 0.81 |
| BM | 1.11 |
| BR | 1.75 |

| 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 |  |  |  |  |  |
| BRL | 35,000 | Ambev SA | 239,736.17 | 113,343.64 | 0.11 |
| CHF | 12,500 | Nestlé SA Reg | 929,587.51 | 1,632,885.94 | 1.53 |
| CHF | 5,000 | Sika Ltd | 	166,663.46  | 	1,670,379.83  | 	1.56  |
|  |  |  | 1,096,250.97 | 3,303,265.77 | 3.09 |
| EUR | 3,000 | LVMH Moët Hennessy L Vuit SE | 553,506.09 | 2,167,956.96 | 2.02 |
| EUR | 11,000 | SAP SE | 772,671.81 | 1,237,789.70 | 1.16 |
| EUR | 15,000 | Unilever Plc Reg | 	511,428.44  | 	683,453.94  | 	0.64  |
|  |  |  | 1,837,606.34 | 4,089,200.60 | 3.82 |
| GBP | 40,000 | Diageo Plc | 1,161,756.48 | 2,035,291.80 | 1.90 |
| HKD | 24,000 | Alibaba Group Holding Ltd Reg | 484,500.00 | 343,537.91 | 0.32 |
| HKD | 250,000 | Dali Foods Gr Co Ltd | 147,683.59 | 131,201.76 | 0.12 |
| HKD | 25,000 | Hengan Intl Group Co Ltd | 	228,930.67  | 	115,559.70  | 	0.11  |
|  |  |  | 861,114.26 | 590,299.37 | 0.55 |
| JPY | 10,000 | Asahi Intecc Co Ltd | 100,991.21 | 198,310.32 | 0.19 |
| JPY | 1,200 | Fanuc Corp | 203,120.04 | 214,086.12 | 0.20 |
| JPY | 3,200 | Hoya Corp | 68,860.54 | 370,047.38 | 0.35 |
| JPY | 5,000 | Makita Corp | 118,843.71 | 162,167.72 | 0.15 |
| JPY | 3,600 | Murata Manufacturing Co Ltd | 64,619.77 | 240,850.60 | 0.23 |
| JPY | 500 | Nintendo Co Ltd | 175,794.84 | 254,152.06 | 0.24 |
| JPY | 2,000 | Obic Co Ltd | 37,650.41 | 303,647.22 | 0.28 |
| JPY | 5,000 | Pigeon Corp | 117,892.98 | 88,728.62 | 0.08 |
| JPY | 3,500 | Secom Co Ltd | 165,577.04 | 255,825.25 | 0.24 |
| JPY | 2,000 | Shimano Inc | 252,530.47 | 464,125.26 | 0.43 |
| JPY | 8,000 | Unicharm Corp | 	187,293.87  | 	287,426.32  | 	0.27  |
|  |  |  | 1,493,174.88 | 2,839,366.87 | 2.66 |
| KRW | 200 | LG Household & Health Care Ltd | 93,062.44 | 141,381.24 | 0.13 |
| PHP | 100,000 | Universal Robina Corp | 139,407.86 | 233,604.26 | 0.22 |
| SGD | 65,000 | SATS Ltd | 131,921.66 | 208,461.11 | 0.19 |
| SGD | 480,000 | Sheng Siong Group Ltd | 	181,090.74  | 	539,146.50  | 	0.50  |
|  |  |  | 313,012.40 | 747,607.61 | 0.69 |
| TWD | 20,000 | President Chain Store Corp | 152,364.94 | 183,771.51 | 0.17 |
| TWD | 60,000 | Taiwan Semiconduct Mfg Co Ltd | 	446,566.26  | 	1,251,463.01  | 	1.17  |
|  |  |  | 598,931.20 | 1,435,234.52 | 1.34 |
| USD | 17,200 | Abbott Laboratories | 875,962.56 | 2,035,792.00 | 1.90 |
| USD | 1,800 | Adobe Inc Reg | 581,328.00 | 820,116.00 | 0.77 |
| USD | 1,400 | Alphabet Inc A | 1,091,887.07 | 3,893,890.00 | 3.64 |
| USD | 7,500 | Altria Group Inc | 374,762.51 | 391,875.00 | 0.37 |
| USD | 1,800 | Amazon.com Inc | 4,217,967.00 | 5,867,910.00 | 5.48 |
| USD | 28,000 | Apple Inc Reg | 893,820.62 | 4,889,080.00 | 4.57 |
| USD | 4,600 | AptarGroup Inc | 290,120.36 | 540,500.00 | 0.50 |
| USD | 6,200 | Becton Dickinson & Co | 875,150.81 | 1,649,200.00 | 1.54 |
| USD | 8,300 | Brown-Forman Corp B Non voting | 383,248.03 | 556,266.00 | 0.52 |
| USD | 3,000 | Caterpillar Inc Reg | 628,980.00 | 668,460.00 | 0.62 |
| USD | 13,375 | Cia Cervecerias Unidas SA ADR repr 2 Shares | 328,993.46 | 200,090.00 | 0.19 |
| USD | 12,400 | Constellation Brands Inc A | 1,557,178.62 | 2,855,968.00 | 2.67 |
| USD | 15,000 | EBay Inc | 939,000.00 | 858,900.00 | 0.80 |
| USD | 3,000 | Estée Lauder Companies Inc A | 354,053.71 | 816,960.00 | 0.76 |
| USD | 6,900 | Fedex Corp | 1,005,794.36 | 1,596,591.00 | 1.49 |
| USD | 8,000 | Gilead Sciences Inc | 840,658.38 | 475,600.00 | 0.44 |
| USD | 8,700 | Honeywell Intl Inc | 846,105.76 | 1,692,846.00 | 1.58 |

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

| USD | 7,500 | Johnson & Johnson | 1,282,500.00 |  | 1,329,225.00 |  | 1.24 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD | 20,000 | Lowe's Companies Inc | 1,578,068.81 |  | 4,043,800.00 |  | 3.78 |
| USD | 12,000 | Mastercard Inc A | 1,022,285.01 |  | 4,288,560.00 |  | 4.01 |
| USD | 25,700 | Microsoft Corp | 808,115.25 |  | 7,923,567.00 |  | 7.40 |
| USD | 24,800 | Mondelez Intl Inc | 829,553.61 |  | 1,556,944.00 |  | 1.45 |
| USD | 25,000 | Nike Inc B | 1,312,204.25 |  | 3,364,000.00 |  | 3.14 |
| USD | 10,100 | Pepsico Inc | 998,612.71 |  | 1,690,538.00 |  | 1.58 |
| USD | 2,000 | Rockwell Automation | 224,573.77 |  | 560,060.00 |  | 0.52 |
| USD | 2,800 | Roper Technologies Inc | 387,900.53 |  | 1,322,244.00 |  | 1.24 |
| USD | 5,200 | Sherwin Williams Co | 665,784.00 |  | 1,298,024.00 |  | 1.21 |
| USD | 3,000 | Thermo Fisher Scientific Inc | 258,103.28 |  | 1,771,950.00 |  | 1.65 |
| USD | 23,900 | TJX Cos Inc | 875,277.11 |  | 1,447,862.00 |  | 1.35 |
| USD | 15,100 | Tractor Supply Co | 1,497,809.93 |  | 3,523,887.00 |  | 3.29 |
| USD | 3,700 | Union Pacific Corp | 357,490.91 |  | 1,010,877.00 |  | 0.94 |
| USD | 3,900 | United Health Group Inc | 651,871.23 |  | 1,988,883.00 |  | 1.86 |
| USD | 4,100 | United Parcel Service Inc B | 428,954.93 |  | 879,286.00 |  | 0.82 |
| USD | 3,000 | Verisk Analytics Inc | 416,470.00 |  | 643,890.00 |  | 0.60 |
| USD | 14,700 | Visa Inc A | 	744,661.93  |  | 	3,260,019.00  |  | 	3.04  |
|  |  |  | 30,425,248.51 |  | 71,713,660.00 |  | 66.96 |
| ZAR | 15,000 | Tiger Brands Ltd | 408,837.04 |  | 166,164.90 |  | 0.16 |
| Total shares |  |  | 38,668,138.55 |  | 87,408,420.58 |  | 81.63 |
| Open-ended investment funds |
| Investment funds (UCITS) |
| USD | 50,000 | ABN AMRO Fds Pzena US Equities I Cap | 6,147,565.00 |  | 7,076,700.00 |  | 6.61 |
| USD | 50,000 | T.Rowe Price Fds SICAV US Large Cap Value Equity I USD Cap | 1,777,000.00 |  | 2,183,500.00 |  | 2.04 |
| Total investment funds (UCITS) | 7,924,565.00 |  | 9,260,200.00 |  | 8.65 |
| Total investments in securities | 46,592,703.55 |  | 96,668,620.58 |  | 90.28 |
| Cash at banks |  |  | 8,241,177.07 |  | 7.70 |
| Bank overdrafts |  |  | -131,600.92 |  | -0.12 |
| Other net assets/(liabilities) |  |  | 2,300,182.04 |  | 2.14 |
| Total |  |  | 107,078,378.77 |  | 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.