# 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 |  |  |  | 1,514,115.00 |  | 1.09% | 0.98% |
| Bonds and other debt securities |  |  |  |
| State |  |  |  |
| Spain |  |  |  |
| SPAIN 1,60 15-25 | 1,500,000 | EUR | 100.94 |
| United States of America |  |  |  | 1,514,115.00 |  | 1.09% | 0.98% |
| US TREA 0,50 20-25 | 3,600,000 | USD | 93.37 | 3,215,227.31 | 2.32% | 2.09% |
| US TREA 1,375 20-25 | 5,500,000 | USD | 95.94 | 5,047,168.68 | 3.64% | 3.28% |
| US TREAS 0,625 20-27 | 2,400,000 | USD | 89.27 | 2,049,416.53 | 1.48% | 1.33% |
| US TREAS 1,875 19-26 | 1,150,000 | USD | 95.54 | 1,050,977.23 | 0.76% | 0.68% |
|  |  |  |  | 11,362,789.75 |  | 8.20% | 7.38% |
| Total - State |  |  |  | 12,876,904.75 | 9.29% | 8.37% |
| Private corporation |  |  |  |  |  |  |
| Belgium |  |  |  |  |  |  |
| COFINIMMO 2,00 16-24 | 500,000 | EUR | 99.92 | 499,607.50 | 0.36% | 0.32% |
|  |  |  |  | 499,607.50 |  | 0.36% | 0.32% |
| Total - Private corporation |  |  |  | 499,607.50 | 0.36% | 0.32% |
| Total - Bonds and other debt securities |  |  |  | 13,376,512.25 | 9.65% | 8.69% |
| Total - Transferable securities admitted to an official stock exchange listing |  |  |  | 138,645,097.41 | 99.99% | 90.09% |
| Other transferable securities |  |  |  |  |  |  |
| Financial derivatives |  |  |  |  |  |  |
| Foreign exchange |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |
| V USD EUR 011222 | 16,090,866 | EUR | 1.00 | 16,090,866.07 | 11.61% | 10.46% |
| USD |  |  |  | 16,090,866.07 |  | 11.61% | 10.46% |
| V USD EUR 011222 | -17,000,000 | USD | 0.95 | -16,083,597.86 | -11.60% | -10.45% |
|  |  |  |  | -16,083,597.86 |  | -11.60% | -10.45% |
| Total - Foreign exchange |  |  |  | 7,268.21 | 0.01% | 0.00% |
| Total - Financial derivatives |  |  |  | 7,268.21 | 0.01% | 0.00% |
| Total - Other transferable securities |  |  |  | 7,268.21 | 0.01% | 0.00% |
| Total - portfolio |  |  |  | 138,652,365.62 | 100.00% | 90.10% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |  |  |
| deposit and liquid assets |  |  |  |  |  |  |
| Banque Degroof Petercam |  | USD |  | 1,580,986.76 |  | 1.03% |

| Description | Quantity at 30 June 2022 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Banque Degroof Petercam |  | EUR |  | 11,819,950.87 |  |  | 7.68% |
| Interest on current account | USD | 669.53 | 0.00% |
| Banque Degroof Petercam | USD | 1,921.85 | 0.00% |
| Banque Degroof Petercam | CHF | 34,495.53 | 0.02% |
| Interest on Foreign Exchange Account. | GBP | 0.67 | 0.00% |
|  | EUR | 0.15 | 0.00% |
| Banque Degroof Petercam | GBP | 1,119,187.68 | 0.73% |
| Interest on Foreign Exchange Account. | USD | 3.85 | 0.00% |
| Interest on current account | GBP | 496.94 | 0.00% |
| Banque Degroof Petercam | CHF | 1,025,689.85 | 0.67% |
| Banque Degroof Petercam | JPY | 3,465.30 | 0.00% |
| Total - deposit and liquid assets |  | 15,586,868.98 | 10.13% |
| Total - Deposits and liquid assets |  | 15,586,868.98 | 10.13% |
| Other receivables and other payables |  | -399,644.42 | -0.26% |
| Others |  | 55,646.03 | 0.04% |
| Total net assets |  | 153,895,236.21 | 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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