# 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 |  |  |  |  |  |  |
| Japan |  |  |  |  |  |  |
| ADVANTEST | 6,500 | JPY | 7,060 | 326,840.79 | 0.32% | 0.32% |
| AEON | 23,726 | JPY | 2,332 | 394,152.58 | 0.39% | 0.38% |
| AGC INC | 6,800 | JPY | 4,715 | 228,354.10 | 0.23% | 0.22% |
| AISIN CORPORATION | 5,000 | JPY | 4,090 | 145,650.34 | 0.14% | 0.14% |
| AJINOMOTO | 19,600 | JPY | 3,319 | 463,320.51 | 0.46% | 0.45% |
| ANA HDLG | 6,263 | JPY | 2,438 | 108,728.96 | 0.11% | 0.11% |
| ASAHI BREWERIES | 18,500 | JPY | 4,406 | 580,543.04 | 0.57% | 0.56% |
| ASAHI INTECC | 7,400 | JPY | 2,072 | 109,204.28 | 0.11% | 0.11% |
| ASAHI KASEI | 42,200 | JPY | 1,034 | 310,778.66 | 0.31% | 0.30% |
| ASTELLAS PHARMA | 65,685 | JPY | 2,058 | 963,019.93 | 0.95% | 0.93% |
| AZBIL CORP | 4,500 | JPY | 3,600 | 115,380.71 | 0.11% | 0.11% |
| BANDAI NAMCO HLDG | 7,150 | JPY | 9,641 | 490,960.24 | 0.49% | 0.48% |
| BRIDGESTONE | 20,319 | JPY | 4,745 | 686,683.71 | 0.68% | 0.67% |
| BROTHER INDUSTRIES | 7,900 | JPY | 2,411 | 135,657.09 | 0.13% | 0.13% |
| CANON | 34,200 | JPY | 3,104 | 756,076.98 | 0.75% | 0.73% |
| CAPCOM CO LTD | 6,200 | JPY | 3,305 | 145,942.36 | 0.14% | 0.14% |
| CENTRAL JAPAN RAILW | 5,078 | JPY | 15,400 | 556,969.76 | 0.55% | 0.54% |
| CHIBA | 17,600 | JPY | 730 | 91,506.88 | 0.09% | 0.09% |
| CHUBU ELECTRIC POWER | 21,200 | JPY | 1,366 | 206,255.13 | 0.20% | 0.20% |
| CHUGAI PHARMA | 23,300 | JPY | 3,476 | 576,838.03 | 0.57% | 0.56% |
| CONCORDIA FIN GROUP | 40,000 | JPY | 463 | 131,904.37 | 0.13% | 0.13% |
| CYBERAGENT | 15,600 | JPY | 1,324 | 147,106.13 | 0.15% | 0.14% |
| DAIFUKU | 3,700 | JPY | 7,700 | 202,913.36 | 0.20% | 0.20% |
| DAI-ICHI LIFE HLDGS | 35,900 | JPY | 2,476 | 633,086.84 | 0.63% | 0.61% |
| DAIICHI SANKYO CO | 61,298 | JPY | 3,376 | 1,473,896.35 | 1.46% | 1.43% |
| DAIKIN | 8,628 | JPY | 21,660 | 1,331,026.76 | 1.32% | 1.29% |
| DAI NIPPON PRINTING | 7,150 | JPY | 2,874 | 146,356.16 | 0.14% | 0.14% |
| DAITO | 2,100 | JPY | 11,600 | 173,498.40 | 0.17% | 0.17% |
| DAIWA HOUSE | 20,800 | JPY | 3,137 | 464,725.02 | 0.46% | 0.45% |
| DAIWA H REIT INV | 84 | JPY | 308,000 | 184,267.27 | 0.18% | 0.18% |
| DAIWA SECURITIES | 46,700 | JPY | 598 | 198,834.16 | 0.20% | 0.19% |
| DENSO | 15,372 | JPY | 6,985 | 764,742.08 | 0.76% | 0.74% |
| DENTSU GROUP INC | 7,100 | JPY | 4,100 | 207,329.17 | 0.20% | 0.20% |
| DISCO CORP | 1,000 | JPY | 30,600 | 217,941.34 | 0.22% | 0.21% |
| EAST JAPAN | 10,595 | JPY | 6,806 | 513,583.55 | 0.51% | 0.50% |
| EISAI | 8,900 | JPY | 5,691 | 360,742.07 | 0.36% | 0.35% |
| ENEOS HOLDINGS | 111,910 | JPY | 513 | 408,808.38 | 0.40% | 0.40% |
| FANUC CORP | 6,721 | JPY | 21,055 | 1,007,876.55 | 1.00% | 0.98% |
| FAST RETAILING | 1,930 | JPY | 68,240 | 938,025.24 | 0.93% | 0.91% |
| FUJI ELECTRIC CO | 4,300 | JPY | 5,310 | 162,622.70 | 0.16% | 0.16% |
| FUJIFILM HOLDINGS C | 12,600 | JPY | 7,375 | 661,836.58 | 0.65% | 0.64% |
| FUJITSU LTD | 6,900 | JPY | 16,890 | 830,036.02 | 0.82% | 0.81% |
| GLP J-REIT | 141 | JPY | 163,600 | 164,293.59 | 0.16% | 0.16% |
| GMO PAYMENT GATEWAY | 1,300 | JPY | 9,330 | 86,385.97 | 0.09% | 0.08% |
| HAKUHODO DY HLDG | 8,400 | JPY | 1,219 | 72,929.16 | 0.07% | 0.07% |
| HAMAMATSU PHOTONICS | 4,600 | JPY | 5,220 | 171,019.86 | 0.17% | 0.17% |
| HANKYU HANSHIN HLDG | 8,400 | JPY | 3,685 | 220,462.63 | 0.22% | 0.21% |
| HIKARI TSUSHIN | 600 | JPY | 13,700 | 58,545.03 | 0.06% | 0.06% |
| HIROSE | 957 | JPY | 17,800 | 121,324.96 | 0.12% | 0.12% |
| HITACHI CONST MACH | 3,800 | JPY | 2,938 | 79,515.83 | 0.08% | 0.08% |
| HITACHI LTD | 33,700 | JPY | 6,337 | 1,521,009.08 | 1.50% | 1.48% |
| HITACHI METALS | 6,700 | JPY | 2,022 | 96,488.19 | 0.10% | 0.09% |
| HONDA | 57,559 | JPY | 3,193 | 1,308,972.00 | 1.29% | 1.27% |
| HOSHIZAKI CORP | 4,200 | JPY | 4,015 | 120,102.77 | 0.12% | 0.12% |
| HOYA | 12,774 | JPY | 11,610 | 1,056,275.80 | 1.04% | 1.03% |
| HULIC CO LTD | 15,500 | JPY | 1,038 | 114,590.14 | 0.11% | 0.11% |
| IBIDEN | 3,400 | JPY | 3,740 | 90,566.74 | 0.09% | 0.09% |
| IDEMITSU KOSAN | 7,379 | JPY | 3,270 | 171,855.51 | 0.17% | 0.17% |
| IIDA GRP HLDGS | 5,600 | JPY | 2,065 | 82,361.89 | 0.08% | 0.08% |
| INPEX | 36,800 | JPY | 1,409 | 369,298.05 | 0.36% | 0.36% |
| ISUZU MOTORS LTD | 19,200 | JPY | 1,438 | 196,642.92 | 0.19% | 0.19% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| IT HOLDGINGS | 8,300 | JPY | 3,480 | 205,719.54 |  | 0.20% | 0.20% |
| ITOCHU | 41,300 | JPY | 3,693 | 1,086,294.45 | 1.07% | 1.05% |
| ITOCHU TECHNO-SOL | 3,700 | JPY | 3,295 | 86,831.11 | 0.09% | 0.08% |
| ITO EN | 3,400 | JPY | 6,040 | 146,262.86 | 0.14% | 0.14% |
| JAPAN AIRLINES CO | 5,500 | JPY | 2,287 | 89,587.42 | 0.09% | 0.09% |
| JAPAN EXCHANGE | 17,800 | JPY | 1,973 | 250,129.71 | 0.25% | 0.24% |
| JAPAN POST BANK CO | 13,000 | JPY | 1,048 | 97,033.75 | 0.10% | 0.09% |
| JAPAN POST HLDGS | 87,600 | JPY | 971 | 605,817.11 | 0.60% | 0.59% |
| JAPAN POST INSUR | 7,500 | JPY | 2,173 | 116,075.13 | 0.11% | 0.11% |
| JFE HOLDINGS | 17,542 | JPY | 1,423 | 177,787.90 | 0.18% | 0.17% |
| JP RL EST INV | 46 | JPY | 625,000 | 204,765.15 | 0.20% | 0.20% |
| JSR | 6,600 | JPY | 3,460 | 162,644.07 | 0.16% | 0.16% |
| KAJIMA | 16,250 | JPY | 1,541 | 178,350.45 | 0.18% | 0.17% |
| KAKAKU.COM | 5,098 | JPY | 2,195 | 79,698.94 | 0.08% | 0.08% |
| KANSAI | 26,200 | JPY | 1,336 | 249,302.11 | 0.25% | 0.24% |
| KAO | 16,400 | JPY | 5,408 | 631,682.33 | 0.62% | 0.61% |
| KDDI | 56,100 | JPY | 4,313 | 1,723,298.54 | 1.70% | 1.67% |
| KEIO CORP | 3,500 | JPY | 4,850 | 120,900.47 | 0.12% | 0.12% |
| KEISEI ELECTRIC RAIL | 5,200 | JPY | 3,645 | 134,995.43 | 0.13% | 0.13% |
| KEYENCE CORP | 6,746 | JPY | 45,610 | 2,191,414.89 | 2.17% | 2.13% |
| KIKKOMAN | 6,900 | JPY | 7,310 | 359,239.98 | 0.36% | 0.35% |
| KINTETSU GROUP HLDGS | 6,317 | JPY | 4,220 | 189,863.52 | 0.19% | 0.18% |
| KIRIN HOLDINGS | 34,900 | JPY | 2,144 | 532,803.56 | 0.53% | 0.52% |
| KOBAYASHI PHARM | 1,900 | JPY | 8,390 | 113,536.04 | 0.11% | 0.11% |
| KOBE BUSSAN CO LTD | 4,700 | JPY | 3,330 | 111,470.59 | 0.11% | 0.11% |
| KOEI TECMO HLDG | 2,250 | JPY | 4,390 | 70,350.18 | 0.07% | 0.07% |
| KOITO MANUFACT | 4,000 | JPY | 4,230 | 120,508.74 | 0.12% | 0.12% |
| KOMATSU | 32,328 | JPY | 2,968 | 683,377.91 | 0.68% | 0.66% |
| KONAMI GROUP | 3,000 | JPY | 7,590 | 162,174.00 | 0.16% | 0.16% |
| KOSE | 1,100 | JPY | 12,060 | 94,483.98 | 0.09% | 0.09% |
| KUBOTA | 35,850 | JPY | 1,981 | 505,815.15 | 0.50% | 0.49% |
| KURITA | 4,000 | JPY | 4,845 | 138,029.52 | 0.14% | 0.13% |
| KYOCERA | 11,100 | JPY | 7,022 | 555,139.34 | 0.55% | 0.54% |
| KYOWA HAKKO KIRIN | 9,270 | JPY | 3,035 | 200,381.04 | 0.20% | 0.19% |
| LASERTEC CORP | 2,600 | JPY | 15,525 | 287,490.27 | 0.28% | 0.28% |
| LIXIL CORPORATION | 9,700 | JPY | 2,536 | 175,202.05 | 0.17% | 0.17% |
| M3 | 15,500 | JPY | 3,786 | 417,955.95 | 0.41% | 0.41% |
| MAKITA | 7,900 | JPY | 3,270 | 183,989.50 | 0.18% | 0.18% |
| MARUBENI | 54,200 | JPY | 1,192 | 460,143.98 | 0.45% | 0.45% |
| MAZDA MOTOR CORP | 20,448 | JPY | 1,047 | 152,481.00 | 0.15% | 0.15% |
| MCDONALD S HOLDINGS | 2,635 | JPY | 4,965 | 93,179.01 | 0.09% | 0.09% |
| MEIJI HOLDINGS | 5,348 | JPY | 6,660 | 253,678.60 | 0.25% | 0.25% |
| MINEBEA MITSUMI INC | 12,900 | JPY | 2,179 | 200,200.49 | 0.20% | 0.19% |
| MISUMI GROUP INC | 10,100 | JPY | 2,888 | 207,747.96 | 0.21% | 0.20% |
| MITSUBI HEAVY IND | 11,599 | JPY | 4,838 | 399,672.82 | 0.39% | 0.39% |
| MITSUBISHI | 427,569 | JPY | 728 | 2,216,949.44 | 2.19% | 2.15% |
| MITSUBISHI | 43,799 | JPY | 3,820 | 1,191,641.88 | 1.18% | 1.16% |
| MITSUBISHI CHEMICA | 46,000 | JPY | 728 | 238,641.50 | 0.24% | 0.23% |
| MITSUBISHI ELECTRIC | 68,300 | JPY | 1,448 | 704,137.50 | 0.70% | 0.68% |
| MITSUBISHI ESTATE | 40,908 | JPY | 1,960 | 571,061.02 | 0.56% | 0.55% |
| MITSUBISHI HC CAP | 24,800 | JPY | 618 | 109,158.70 | 0.11% | 0.11% |
| MITSUI | 49,400 | JPY | 2,830 | 995,531.13 | 0.98% | 0.97% |
| MITSUI CHEMICALS | 6,900 | JPY | 2,872 | 141,140.52 | 0.14% | 0.14% |
| MITSUI FUDOSAN | 33,000 | JPY | 2,908 | 683,363.63 | 0.68% | 0.66% |
| MITSUI O.S.K.LINES | 12,100 | JPY | 3,060 | 263,709.03 | 0.26% | 0.26% |
| MIZUHO FINANCIAL | 86,443 | JPY | 1,542 | 949,671.06 | 0.94% | 0.92% |
| MONOTARO CO LTD | 8,136 | JPY | 2,020 | 117,052.45 | 0.12% | 0.11% |
| MS AND AD INSUR GRP | 16,049 | JPY | 4,192 | 479,167.61 | 0.47% | 0.47% |
| MURATA MANUFACTURING | 19,800 | JPY | 7,184 | 1,013,093.93 | 1.00% | 0.98% |
| NEC | 8,700 | JPY | 5,220 | 323,450.60 | 0.32% | 0.31% |
| NEXON CO LTD | 17,200 | JPY | 2,787 | 341,415.80 | 0.34% | 0.33% |
| NGK | 8,200 | JPY | 1,801 | 105,183.05 | 0.10% | 0.10% |
| NIDEC CORP | 15,728 | JPY | 8,159 | 913,963.04 | 0.90% | 0.89% |
| NIHON M AND A CENTER | 11,300 | JPY | 1,415 | 113,881.47 | 0.11% | 0.11% |
| NINTENDO | 3,878 | JPY | 57,360 | 1,584,291.70 | 1.57% | 1.54% |
| NIPPON EXPRESS HLD | 2,500 | JPY | 7,230 | 128,734.96 | 0.13% | 0.12% |
| NIPPON PAINT | 29,921 | JPY | 1,050 | 223,760.59 | 0.22% | 0.22% |
| NIPPON SANSO HLDGS | 6,143 | JPY | 2,115 | 92,535.65 | 0.09% | 0.09% |
| NIPPON SHINYAKU | 1,600 | JPY | 7,670 | 87,404.45 | 0.09% | 0.08% |
| NIPPON STEEL CORP | 29,001 | JPY | 1,900 | 392,347.13 | 0.39% | 0.38% |
| NIPPON TELEGRAPH TEL | 41,744 | JPY | 3,885 | 1,155,056.65 | 1.14% | 1.12% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| NIPPON YUSEN KK | 5,702 | JPY | 9,130 | 370,779.91 |  | 0.37% | 0.36% |
| NISSAN | 81,200 | JPY | 508 | 293,964.13 | 0.29% | 0.29% |
| NISSAN CHEMICAL INDU | 4,200 | JPY | 6,250 | 186,959.49 | 0.18% | 0.18% |
| NISSHIN SEIFUN GRP | 12,799 | JPY | 1,590 | 144,941.04 | 0.14% | 0.14% |
| NISSIN FOOD | 3,200 | JPY | 9,400 | 214,237.77 | 0.21% | 0.21% |
| NITORI HOLDINGS | 2,445 | JPY | 12,620 | 219,763.93 | 0.22% | 0.21% |
| NITTO | 4,984 | JPY | 8,590 | 304,922.45 | 0.30% | 0.30% |
| NOMURA | 106,666 | JPY | 494 | 375,065.69 | 0.37% | 0.36% |
| NOMURA REAL ESTATE | 3,700 | JPY | 3,300 | 86,962.87 | 0.09% | 0.08% |
| NOMURA REAL ESTATE | 139 | JPY | 168,400 | 166,715.16 | 0.16% | 0.16% |
| NOMURA RESEARCH | 11,797 | JPY | 3,670 | 308,358.44 | 0.30% | 0.30% |
| NP BUILDING FUND | 54 | JPY | 676,000 | 259,991.20 | 0.26% | 0.25% |
| NP PROLOGIS REIT | 79 | JPY | 331,000 | 186,240.14 | 0.18% | 0.18% |
| NTT DATA CORP | 22,100 | JPY | 1,863 | 293,240.08 | 0.29% | 0.28% |
| OBAYASHI | 21,400 | JPY | 966 | 147,234.34 | 0.15% | 0.14% |
| OBIC | 2,500 | JPY | 19,430 | 345,964.08 | 0.34% | 0.34% |
| ODAKYU ELECTRIC RWY | 9,800 | JPY | 1,814 | 126,613.95 | 0.13% | 0.12% |
| OJI PAPER | 25,200 | JPY | 588 | 105,534.89 | 0.10% | 0.10% |
| OLYMPUS CORP | 43,100 | JPY | 2,686 | 824,674.02 | 0.81% | 0.80% |
| OMRON | 6,800 | JPY | 6,735 | 326,185.55 | 0.32% | 0.32% |
| ONO PHARMACEUTICAL | 12,500 | JPY | 3,452 | 307,325.78 | 0.30% | 0.30% |
| OPEN HOUSE GROUP | 2,500 | JPY | 5,390 | 95,972.54 | 0.09% | 0.09% |
| ORACLE JAPAN | 1,500 | JPY | 7,750 | 82,796.34 | 0.08% | 0.08% |
| ORIENTAL LAND | 7,080 | JPY | 18,370 | 926,319.09 | 0.92% | 0.90% |
| ORIX | 41,200 | JPY | 2,242 | 657,739.86 | 0.65% | 0.64% |
| OSAKA GAS | 12,500 | JPY | 2,416 | 215,092.44 | 0.21% | 0.21% |
| OTSUKA CORP | 4,000 | JPY | 4,040 | 115,095.82 | 0.11% | 0.11% |
| OTSUKA HOLDINGS CO | 13,800 | JPY | 4,769 | 468,732.01 | 0.46% | 0.45% |
| PANASONIC HOLDINGS | 78,002 | JPY | 1,080 | 599,995.09 | 0.59% | 0.58% |
| PAN PACIFIC INTL | 11,700 | JPY | 2,164 | 180,327.23 | 0.18% | 0.18% |
| PERSOL HOLDINGS CO | 5,600 | JPY | 2,495 | 99,512.30 | 0.10% | 0.10% |
| RAKUTEN GROUP INC | 27,700 | JPY | 604 | 119,161.21 | 0.12% | 0.12% |
| RECRUIT HLDG | 50,505 | JPY | 3,880 | 1,395,675.00 | 1.38% | 1.35% |
| RENESAS ELECT CORP | 40,400 | JPY | 1,195 | 343,848.77 | 0.34% | 0.33% |
| RESONA HOLDINGS NEW | 75,700 | JPY | 507 | 273,351.86 | 0.27% | 0.27% |
| RICOH | 21,000 | JPY | 1,060 | 158,541.64 | 0.16% | 0.15% |
| ROHM | 2,900 | JPY | 9,080 | 187,543.51 | 0.19% | 0.18% |
| SBI HOLDINGS | 9,020 | JPY | 2,576 | 165,489.56 | 0.16% | 0.16% |
| SCSK CORP | 5,300 | JPY | 2,261 | 85,348.25 | 0.08% | 0.08% |
| SECOM | 7,407 | JPY | 8,308 | 438,285.43 | 0.43% | 0.43% |
| SEIKO EPSON CORP | 10,300 | JPY | 1,959 | 143,710.95 | 0.14% | 0.14% |
| SEKISUI CHEMICAL | 12,600 | JPY | 1,824 | 163,686.77 | 0.16% | 0.16% |
| SEKISUI HOUSE | 22,147 | JPY | 2,362 | 372,495.52 | 0.37% | 0.36% |
| SEVEN-I HOLDINGS | 26,900 | JPY | 5,252 | 1,006,225.22 | 0.99% | 0.98% |
| SG HOLDINGS CO. LTD. | 9,200 | JPY | 2,281 | 149,462.18 | 0.15% | 0.15% |
| SHARP CORPORATION | 7,800 | JPY | 1,019 | 56,609.20 | 0.06% | 0.05% |
| SHIMADZU | 8,400 | JPY | 4,235 | 253,367.50 | 0.25% | 0.25% |
| SHIMANO | 2,546 | JPY | 22,520 | 408,361.68 | 0.40% | 0.40% |
| SHIMIZU | 22,000 | JPY | 741 | 116,107.18 | 0.11% | 0.11% |
| SHIN ETSU | 13,007 | JPY | 15,410 | 1,427,571.86 | 1.41% | 1.39% |
| SHIONOGI | 9,200 | JPY | 6,734 | 441,244.33 | 0.44% | 0.43% |
| SHISEIDO | 14,100 | JPY | 5,410 | 543,293.59 | 0.54% | 0.53% |
| SHIZUOKA | 14,400 | JPY | 802 | 82,253.63 | 0.08% | 0.08% |
| SMC | 1,980 | JPY | 59,250 | 835,548.65 | 0.83% | 0.81% |
| SOFTBANK | 98,900 | JPY | 1,506 | 1,061,166.73 | 1.05% | 1.03% |
| SOFTBANK GROUP CORP | 41,698 | JPY | 5,131 | 1,523,826.21 | 1.51% | 1.48% |
| SOMPO HOLDINGS INC | 11,100 | JPY | 5,966 | 471,654.98 | 0.47% | 0.46% |
| SONY GROUP CORP | 44,423 | JPY | 10,810 | 3,420,202.17 | 3.38% | 3.32% |
| SQUARE ENIX CO LTD | 3,300 | JPY | 5,940 | 139,610.66 | 0.14% | 0.14% |
| S TOMO MITSUI | 46,300 | JPY | 4,015 | 1,323,990.11 | 1.31% | 1.29% |
| SUBARU CORP | 21,800 | JPY | 2,288 | 355,247.24 | 0.35% | 0.34% |
| SUMCO | 12,300 | JPY | 1,695 | 148,488.57 | 0.15% | 0.14% |
| SUMITOMO CHEMICAL | 51,800 | JPY | 527 | 194,427.90 | 0.19% | 0.19% |
| SUMITOMO ELECTRIC | 25,528 | JPY | 1,446 | 262,907.69 | 0.26% | 0.26% |
| SUMITOMO METAL | 8,600 | JPY | 4,136 | 253,336.16 | 0.25% | 0.25% |
| SUMITOMO MITSUI T H | 11,569 | JPY | 4,174 | 343,927.15 | 0.34% | 0.33% |
| SUMITOMO REALTY | 11,196 | JPY | 3,505 | 279,491.83 | 0.28% | 0.27% |
| SUMITOMO SHOJI | 40,500 | JPY | 1,844 | 531,905.08 | 0.53% | 0.52% |
| SUNTORY BF | 6,300 | JPY | 5,110 | 229,287.11 | 0.23% | 0.22% |
| SUZUKI | 12,751 | JPY | 4,165 | 378,248.71 | 0.37% | 0.37% |
| SYSMEX CORP | 5,600 | JPY | 8,174 | 326,017.46 | 0.32% | 0.32% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| TAISEI | 7,012 | JPY | 4,190 | 209,254.17 |  | 0.21% | 0.20% |
| TAKEDA PHARMA | 52,400 | JPY | 3,759 | 1,402,884.16 | 1.39% | 1.36% |
| T D HOLDINGS INC | 18,100 | JPY | 1,612 | 207,807.78 | 0.21% | 0.20% |
| TDK | 13,500 | JPY | 3,940 | 378,833.34 | 0.37% | 0.37% |
| TERUMO CORP | 22,500 | JPY | 4,013 | 643,087.22 | 0.64% | 0.62% |
| TOBU RAILWAY | 6,200 | JPY | 3,095 | 136,669.17 | 0.14% | 0.13% |
| TOHO CO | 3,500 | JPY | 4,835 | 120,526.55 | 0.12% | 0.12% |
| TOKIO MARINE HLD LTD | 22,100 | JPY | 7,859 | 1,237,022.96 | 1.22% | 1.20% |
| TOKYO ELECTRIC | 58,000 | JPY | 579 | 239,179.94 | 0.24% | 0.23% |
| TOKYO ELECTRON | 5,030 | JPY | 42,660 | 1,528,294.45 | 1.51% | 1.48% |
| TOKYO GAS RG | 13,900 | JPY | 2,531 | 250,567.73 | 0.25% | 0.24% |
| TOKYU CORP | 19,400 | JPY | 1,591 | 219,831.59 | 0.22% | 0.21% |
| TOPPAN INC. | 8,700 | JPY | 2,226 | 137,931.23 | 0.14% | 0.13% |
| TORAY | 49,524 | JPY | 762 | 268,810.28 | 0.27% | 0.26% |
| TOSHIBA CORP | 13,589 | JPY | 5,446 | 527,088.25 | 0.52% | 0.51% |
| TOSOH CORP | 8,800 | JPY | 1,690 | 105,922.34 | 0.10% | 0.10% |
| TOTO LTD | 5,134 | JPY | 4,440 | 162,351.77 | 0.16% | 0.16% |
| TOYOTA INDUSTRIES | 5,249 | JPY | 8,010 | 299,452.05 | 0.30% | 0.29% |
| TOYOTA MOTOR CORP | 374,440 | JPY | 2,067 | 5,512,402.39 | 5.45% | 5.35% |
| TOYOTA TSUSHO | 7,666 | JPY | 4,360 | 238,052.91 | 0.24% | 0.23% |
| TREND MICRO | 4,800 | JPY | 6,690 | 228,710.21 | 0.23% | 0.22% |
| UNI CHARM | 14,500 | JPY | 4,511 | 465,863.87 | 0.46% | 0.45% |
| USS | 6,800 | JPY | 2,348 | 113,716.95 | 0.11% | 0.11% |
| WELCIA HDG | 3,000 | JPY | 2,672 | 57,092.09 | 0.06% | 0.06% |
| WEST JAPAN RAILWAY | 7,898 | JPY | 4,905 | 275,914.38 | 0.27% | 0.27% |
| YAKULT | 5,900 | JPY | 7,840 | 329,447.54 | 0.33% | 0.32% |
| YAMAHA | 5,000 | JPY | 5,530 | 196,930.66 | 0.19% | 0.19% |
| YAMAHA MOTOR CO | 10,862 | JPY | 2,444 | 189,072.86 | 0.19% | 0.18% |
| YAMATO | 9,700 | JPY | 2,170 | 149,916.58 | 0.15% | 0.15% |
| YASKAWA ELEC | 8,615 | JPY | 4,295 | 263,534.00 | 0.26% | 0.26% |
| YOKOGAWA ELECTRIC | 7,600 | JPY | 2,222 | 120,275.13 | 0.12% | 0.12% |
| Z HOLDINGS CORP | 94,964 | JPY | 395 | 267,297.03 | 0.26% | 0.26% |
| ZOZO INC | 4,600 | JPY | 2,424 | 79,416.12 | 0.08% | 0.08% |
|  |  |  |  | 101,011,848.31 |  | 99.82% | 98.05% |
| Total - Shares |  |  |  | 101,011,848.31 | 99.82% | 98.05% |
| UCI with variable number of shares |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| Non Directive 2009/65/CE - Non FSMA |  |  |  |  |  |  |
| JAPAN METROPOLITAN | 239 | JPY | 104,100 | 177,201.27 | 0.18% | 0.17% |
| Total - Non Directive 2009/65/CE - Non FSMA |  |  |  | 177,201.27 | 0.18% | 0.17% |
| Total - Shares |  |  |  | 177,201.27 | 0.18% | 0.17% |
| Total - UCI with variable number of shares |  |  |  | 177,201.27 | 0.18% | 0.17% |
| Total - Transferable securities admitted to an official stock exchange listing |  |  |  | 101,189,049.58 | 100.00% | 98.22% |
| Total - portfolio |  |  |  | 101,189,049.58 | 100.00% | 98.22% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |  |  |
| deposit and liquid assets |  |  |  |  |  |  |
| Banque Degroof Petercam |  | EUR |  | 999,718.64 |  | 0.97% |
| Banque Degroof Petercam |  | JPY |  | 11,878.70 |  | 0.01% |
| Banque Degroof Petercam |  | JPY |  | 792,709.42 |  | 0.77% |
| Total - deposit and liquid assets |  |  |  | 1,804,306.76 |  | 1.75% |
| Total - Deposits and liquid assets |  |  |  | 1,804,306.76 |  | 1.75% |
| Other receivables and other payables |  |  |  | 24,948.33 |  | 0.02% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Others |  |  |  | 0.00 |  |  | 0.00% |
| Total net assets | 103,018,304.67 | 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 |  |  |  | 1.815.000,00 |  | 0,81% | 0,79% |
| Actions |  |  |  |
| Autriche |  |  |  |
| CA IMMOBILIEN | 60.000 | EUR | 30,25 |
| Belgique |  |  |  | 1.815.000,00 |  | 0,81% | 0,79% |
| AEDIFICA | 53.000 | EUR | 91,50 | 4.849.500,00 | 2,17% | 2,12% |
| COFINIMMO | 58.153 | EUR | 103,60 | 6.024.650,80 | 2,70% | 2,64% |
| INTERVEST OFFICES | 479.166 | EUR | 25,00 | 11.979.150,00 | 5,37% | 5,25% |
| RETAIL ESTATES | 144.200 | EUR | 63,50 | 9.156.700,00 | 4,10% | 4,01% |
| VGP | 18.000 | EUR | 152,00 | 2.736.000,00 | 1,23% | 1,20% |
| WAREHOUSES DE PAUW | 224.000 | EUR | 30,00 | 6.720.000,00 | 3,01% | 2,94% |
| Allemagne |  |  |  | 41.466.000,80 |  | 18,58% | 18,16% |
| LEG IMMOBILIEN SE | 81.000 | EUR | 79,12 | 6.408.720,00 | 2,87% | 2,81% |
| TAG IMMOBILIEN AG | 465.000 | EUR | 10,89 | 5.063.850,00 | 2,27% | 2,22% |
| VONOVIA SE | 496.000 | EUR | 29,40 | 14.582.400,00 | 6,54% | 6,39% |
| Espagne |  |  |  | 26.054.970,00 |  | 11,68% | 11,41% |
| MERLIN PROPERTIES | 800.000 | EUR | 9,21 | 7.364.000,00 | 3,30% | 3,22% |
| France |  |  |  | 7.364.000,00 |  | 3,30% | 3,22% |
| ALTAREA | 54.454 | EUR | 130,60 | 7.111.692,40 | 3,19% | 3,11% |
| ARGAN | 166.379 | EUR | 89,20 | 14.841.006,80 | 6,65% | 6,50% |
| CARMILA SAS | 371.000 | EUR | 13,50 | 5.008.500,00 | 2,24% | 2,19% |
| CBO TERRITORIA N. | 840.000 | EUR | 3,62 | 3.040.800,00 | 1,36% | 1,33% |
| COVIVIO | 70.000 | EUR | 52,95 | 3.706.500,00 | 1,66% | 1,62% |
| ICADE | 157.000 | EUR | 46,54 | 7.306.780,00 | 3,27% | 3,20% |
| KLEPIERRE | 159.000 | EUR | 18,36 | 2.919.240,00 | 1,31% | 1,28% |
| MERCIALYS | 655.000 | EUR | 7,71 | 5.050.050,00 | 2,26% | 2,21% |
| UNIBAIL RODAMCO WEST | 61.000 | EUR | 48,65 | 2.967.650,00 | 1,33% | 1,30% |
| Royaume-Uni |  |  |  | 51.952.219,20 |  | 23,28% | 22,75% |
| EMPIRIC STUDENT | 1.875.000 | GBP | 0,86 | 1.873.257,43 | 0,84% | 0,82% |
| HOME REIT | 3.061.532 | GBP | 1,14 | 4.040.311,74 | 1,81% | 1,77% |
| LAND SECS REIT | 320.000 | GBP | 6,64 | 2.468.401,49 | 1,11% | 1,08% |
| LONDONMETRIC PROP | 1.300.000 | GBP | 2,28 | 3.449.349,44 | 1,55% | 1,51% |
| LXI REIT PLC | 4.200.000 | GBP | 1,42 | 6.947.955,39 | 3,11% | 3,04% |
| NEWRIVER REIT | 4.601.525 | GBP | 0,88 | 4.720.198,16 | 2,12% | 2,07% |
| SUPERMARKET REIT | 3.933.250 | GBP | 1,20 | 5.460.308,72 | 2,45% | 2,39% |
| URBAN LOGIS REIT | 1.800.000 | GBP | 1,61 | 3.377.091,08 | 1,51% | 1,48% |
| WAREHOUSE REIT PLC | 2.900.000 | GBP | 1,47 | 4.965.845,72 | 2,23% | 2,17% |
| Guernsey |  |  |  | 37.302.719,17 |  | 16,72% | 16,34% |
| REGIONAL REIT | 5.685.989 | GBP | 0,72 | 4.775.755,17 | 2,14% | 2,09% |
| SIRIUS REAL ESTA | 8.000.000 | GBP | 0,89 | 8.289.962,83 | 3,72% | 3,63% |
| Irlande |  |  |  | 13.065.718,00 |  | 5,86% | 5,72% |

| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| IRISH RESIDENT PROP | 2.827.253 | EUR | 1,27 | 3.579.302,30 |  | 1,60% | 1,57% |
| Jersey |  |  |  | 3.579.302,30 |  | 1,60% | 1,57% |
| PHOENIX -N REIT | 1.200.000 | GBP | 3,16 | 4.405.204,46 | 1,97% | 1,93% |
| Luxembourg (Grand-Duché) |  |  |  | 4.405.204,46 |  | 1,97% | 1,93% |
| GRAND CITY PROP | 220.000 | EUR | 12,88 | 2.833.600,00 | 1,27% | 1,24% |
| Pays-Bas |  |  |  | 2.833.600,00 |  | 1,27% | 1,24% |
| CTP B.V. | 496.758 | EUR | 11,00 | 5.464.338,00 | 2,45% | 2,39% |
| NSI N.V. | 305.216 | EUR | 32,85 | 10.026.345,60 | 4,49% | 4,39% |
| Suède |  |  |  | 15.490.683,60 |  | 6,94% | 6,78% |
| CASTELLUM AB | 231.000 | SEK | 131,45 | 2.834.362,44 | 1,27% | 1,24% |
| CATENA | 87.000 | SEK | 371,20 | 3.014.463,53 | 1,35% | 1,32% |
| CIBUS NORDIC REAL | 104.573 | SEK | 157,90 | 1.541.290,54 | 0,69% | 0,67% |
|  |  |  |  | 7.390.116,51 |  | 3,31% | 3,24% |
| Total - Actions |  |  |  | 212.719.534,04 | 95,33% | 93,16% |
| Obligations et autres titres de créances |  |  |  |  |  |  |
| Emis(es) par une entreprise privée |  |  |  |  |  |  |
| France |  |  |  |  |  |  |
| FINANCIERE 5,5 18-23 | 1.800.000 | EUR | 100,00 | 1.800.000,00 | 0,81% | 0,79% |
| SCBSM 2,50 17-23 | 357.165 | EUR | 9,36 | 3.342.350,07 | 1,50% | 1,46% |
|  |  |  |  | 5.142.350,07 |  | 2,30% | 2,25% |
| Total - Emis(es) par une entreprise privée |  |  |  | 5.142.350,07 | 2,30% | 2,25% |
| Total - Obligations et autres titres de créances |  |  |  | 5.142.350,07 | 2,30% | 2,25% |
| OPC à nombre fixe de parts |  |  |  |  |  |  |
| Actions |  |  |  |  |  |  |
| Directive 2009/65/CE & Non Inscrit auprès de la FSMA |  |  |  |  |  |  |
| Guernsey |  |  |  |  |  |  |
| REAL EST CR EUR | 3.068.981 | GBP | 1,48 | 5.276.593,73 | 2,36% | 2,31% |
|  |  |  |  | 5.276.593,73 |  | 2,36% | 2,31% |
| Total - Directive 2009/65/CE & Non Inscrit auprès de la FSMA |  |  |  | 5.276.593,73 | 2,36% | 2,31% |
| Total - Actions |  |  |  | 5.276.593,73 | 2,36% | 2,31% |
| Total - OPC à nombre fixe de parts |  |  |  | 5.276.593,73 | 2,36% | 2,31% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 223.138.477,84 | 100,00% | 97,72% |
| Total - portefeuille |  |  |  | 223.138.477,84 | 100,00% | 97,72% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |

| Dénomination | Quantité au 30 juin 2022 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Avoirs bancaires à vue |  |  |  |  |  |  |  |
| Banque Degroof Petercam | GBP | 199,15 | 0,00% |
| Banque Degroof Petercam | GBP | 46.966,28 | 0,02% |
| Banque Degroof Petercam | EUR | 4.823.374,57 | 2,11% |
| Total - Avoirs bancaires à vue |  | 4.870.540,00 | 2,13% |
| Total - Dépôts et Liquidités |  | 4.870.540,00 | 2,13% |
| Créances et dettes diverses |  | 332.092,37 | 0,15% |
| Autres |  | 0,00 | 0,00% |
| Actif Net Total |  | 228.341.110,21 | 100,00% |

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