# NOTES TO THE FINANCIAL STATEMENTS 30 June 2021 (continued)
- FeesInvestment Manager’s FeesThe Investment Manager’s fees are accrued daily and payable monthly in arrears out of the assets of each of the Funds as presented in following table.

The table below presents figures for Funds and share classes which were in issue as at 30 June 2021.
| Fund Name | Share Class | % of Net Asset Value |
| --- | --- | --- |
| Comgest Growth World | USD Acc Class | 1.50% |
| EUR I Acc Class, USD I Acc Class, GBP U Acc Class & GBP U Dis Class8 | 0.85% |
| EUR R Acc Class | 2.00% |
| EUR Dis Class & EUR Fixed Dis Class20 | 1.80% |
| EUR Z Acc Class | 0.90% |
| EUR SI Acc Class | 0.75% |
| Comgest Growth World Plus21 | EUR I Acc Class22,GBP U Acc Class 33  & GBP U Dis Class 35 | 0.85% |
| EUR Z Acc Class 33 | 0.90% |
| USD Acc Class 33 | 1.50% |
| Comgest Growth Global Flex | EUR I Acc Class | 0.90% |
| EUR R Acc Class | 1.80% |
| EUR Z Acc Class | 0.95% |
| Comgest Growth EAFE | USD I Acc Class | 0.85% |
| Comgest Growth America | USD Acc Class | 1.50% |
| USD I Acc Class, EUR I H Acc Class & GBP U Acc Class | 0.75% |
| EUR Z Acc Class | 0.80% |
| EUR R Acc Class | 2.00% |
| Comgest Growth Japan | JPY Acc Class | 1.50% |
| JPY I Acc Class, EUR I Acc Class, EUR I H Acc Class, USD I Acc Class, GBPU H Acc Class, USD I H Acc Class, GBP U Acc Class, GBPZ H Acc Class, EUR I Dis Class & JPY I Dis Class4 | 0.85% |
| EUR H Dis Class, EUR R Acc Class, EUR R Dis Class, USD R Acc Class, USD R H Acc Class, JPY I Dis Class & EUR R H Acc Class18 | 1.70% |
| EUR Z Acc Class & EURZ H Acc Class | 0.90% |
| EUR X H Acc Class | 0.00% |
| GBP SU Acc Class26 & EUR SI Acc Class 28 | 0.75% |
| Comgest Growth Japan Compounders | JPY SI Acc Class | 0.60% |
| Comgest Growth Emerging Markets | USD Acc Class, USD Dis Class, EUR Dis Class & EUR Fixed Dis Class | 1.50% |
| EUR I Acc Class, EUR I Dis Class, EUR I Fixed Dis Class, USD I Acc Class, GBP U Acc Class & GBP Z Acc Class | 1.00% |
| EUR R Acc Class & USD R Acc Class | 2.00% |
| EUR Z Acc Class, EUR Z Dis Class, USD Z Acc Class & USD Z Dis Class | 1.05% |
| USD X Acc Class | 0.00% |
| EUR Y Acc Class10 | 0.85% |
| Comgest Growth Emerging Markets ex China | USD I Acc Class | 1.00% |
| Comgest Growth Emerging Markets Flex 34 | EUR I Acc Class | 1.10% |
| EUR Z Acc Class | 1.15% |
| EUR R Acc Class | 2.20% |
| Comgest Growth Emerging Markets Plus7 | EUR Acc Class12 | 1.50% |
| EUR I Acc Class13, GBP U Acc Class5& GBP U Dis Class19 | 1.00% |
| EUR Z Acc Class16 | 1.05% |
| GBP X Dis Class6 | 0.00% |

5.	Fees (continued)
Investment Manager’s Fees (continued)
| Fund Name | Share Class | % of Net Asset Value |
| --- | --- | --- |
| Comgest Growth GEM Promising Companies | EUR Acc Class & EUR Dis Class | 1.75% |
| EUR I Acc Class & USD I Acc Class | 1.25% |
| EUR R Acc Class | 2.50% |
| EUR Z Acc Class | 1.30% |
| Comgest Growth Europe | EUR Acc Class, EUR Dis Class & EUR Fixed Dis Class | 1.50% |
| EUR I Acc Class, USD I Acc Class, USD I H Acc Class, EUR I Dis Class & EUR I Fixed Dis Class | 1.00% |
| EUR R Acc Class | 2.00% |
| EUR Z Acc Class, EUR Z Dis Class & USD Z Acc Class 32 | 1.05% |
| Comgest Growth Europe Compounders | EUR SI Acc Class | 0.60% |
| Comgest Growth Europe Plus | EUR I Acc Class | 1.00% |
| EUR Acc Class11 | 1.50% |
| EUR Z Acc Class2 | 1.05% |
| Comgest Growth Europe S | EUR Acc Class & USD Acc Class | 2.00% |
| Comgest Growth Europe Opportunities | EUR Acc Class & EUR Dis Class | 1.50% |
| EUR I Acc Class, USD I H Acc Class15 & GBP U Acc Class27 | 1.00% |
| EUR R Acc Class | 2.00% |
| EUR Z Acc Class | 1.05% |
| EUR X Acc Class25 | 0.00% |
| Comgest Growth Europe Smaller Companies | EUR Acc Class | 1.50% |
| EUR X Acc Class | 0.00% |
| EUR Z Acc Class | 1.05% |
| EUR I Acc Class, EUR I Dis Class3 & GBP U Acc Class14 | 1.00% |
| EUR R Acc Class23 | 2.00% |
| Comgest Growth Europe ex Switzerland | CHF I Acc Class | 1.00% |
| CHF Z Acc Class | 1.05% |
| Comgest Growth Europe ex UK | GBP Y Acc Class24 & GBP Y Dis Class 31 | 0.75% |
| GBP SU Acc Class, GBP SU H Acc Class, GBP SU Dis Class9, EUR SI Acc Class & EUR SI Dis Class1 | 0.85% |
| GBP U Acc Class | 1.00% |
| Comgest Growth Asia | USD Acc Class & EUR Acc Class 29 | 1.50% |
| EUR I Acc Class | 1.00% |
| EUR Z Acc Class | 1.05% |
| Comgest Growth Asia ex Japan | EUR I Acc Class, USD I Acc Class & GBP U Acc Class | 1.00% |
| Comgest Growth Asia Pac ex Japan | USD Acc Class, USD Dis Class, EUR Dis Class & EUR H Acc Class 30 | 1.50% |
| USD I Acc Class, EUR I Acc Class & GBP U Acc Class | 1.00% |
| EUR Z Acc Class | 1.05% |
| EUR R Acc Class | 2.00% |
| Comgest Growth China | EUR Acc Class & USD Acc Class | 1.50% |
| EUR SI Acc Class | 1.00% |
| EUR I Acc Class, USD I Acc Class17 & GBP U Acc Class | 1.25% |
| EUR Z Acc Class | 1.30% |
| Comgest Growth India | USD Acc Class | 1.75% |
| EUR R Acc Class | 2.50% |
| EUR I Acc Class & GBP U Acc Class | 1.25% |
| USD X Acc Class | 0.00% |
| Comgest Growth Latin America | EUR Acc Class & USD Acc Class | 1.75% |
| EUR R Acc Class | 2.50% |
| USD I Acc Class & EUR I Acc Class | 1.25% |
| EUR Z Acc Class | 1.30% |

5.	Fees (continued)
Investment Manager’s Fees (continued)
| 1 Comgest Growth Europe ex UK EUR SI Dis Class was launched on 7 January 2020. |
| --- |
| 2 Comgest Growth Europe Plus EUR Z Acc Class was launched on 8 January 2020. |
| 3 Comgest Growth Europe Smaller Companies EUR I Dis Class was launched on 14 January 2020. |
| 4 Comgest Growth Japan JPY I Dis Class was launched on 24 January 2020. |
| 5 Comgest Growth Emerging Markets Plus GBP U Acc Class was launched on 29 January 2020. |
| 6 Comgest Growth Emerging Markets Plus GBP X Dis Class was launched on 29 January 2020. |
| 7 Comgest Growth Emerging Markets Plus was launched on 29 January 2020. |
| 8 Comgest Growth World GBP U Dis Class was launched on 03 February 2020. |
| 9 Comgest Growth Europe ex UK GBP SU Dis Class was launched on 20 February 2020. |
| 10 Comgest Growth Emerging Markets EUR Y Acc Class was launched on 16 April 2020. |
| 11 Comgest Growth Europe Plus EUR Acc Class was launched on 16 April 2020. |
| 12 Comgest Growth Emerging Markets Plus EUR Acc Class was launched on 17 April 2020. |
| 13 Comgest Growth Emerging Markets Plus EUR I Acc Class was launched on 17 April 2020. |
| 14 Comgest Growth Europe Smaller Companies GBP U Acc Class was launched on 12 May 2020. |
| 15 Comgest Growth Europe Opportunities USD I H Acc Class was launched on 16 June 2020. |
| 16 Comgest Growth Emerging Markets Plus EUR Z Acc Class was launched on 17 June 2020. 17 Comgest Growth China USD I Acc Class was launched on 11 September 2017, subsequently fully redeemed on 11 March 2020 and relaunched on 17 April 2020. |
| 18 Comgest Growth Japan EURR H Acc Class was launched on 29 July 2020. |
| 19 Comgest Growth Emerging Markets Plus GBP U Dis Class was launched on 19 October 2020. |
| 20 Comgest Growth World EUR Fixed Dis Class was launched on 22 October 2020. |
| 21 Comgest Growth World Plus was launched on 27 November 2020. |
| 22 Comgest Growth World Plus EUR I Acc Class was launched on 27 November 2020. |
| 23 Comgest Growth Europe Smaller Companies EUR R Acc Class was launched on 4 December 2020. |
| 24 Comgest Growth Europe ex UK GBP Y Acc Class was launched on 8 December 2020. |
| 25 Comgest Growth Europe Opportunities EUR X Acc Class was launched on 10 December 2020. |
| 26 Comgest Growth Japan GBP SU Acc Class was launched on 16 December 2020. |
| 27 Comgest Growth Europe Opportunities GBP U Acc Class was launched on 3 March 2020 and subsequently fully redeemed on 6 April 2020. |
| 28 Comgest Growth Japan EUR SI Acc Class was launched on 3 February 2021. |
| 29 Comgest Growth Asia EUR Acc Class was launched on 12 February 2021, fully liquidated on 18 March 2021 and re-launched on 20 April 2021. |
| 30 Comgest Growth Asia Pac ex Japan EUR H Acc Class was launched on 2 March 2021. |
| 31 Comgest Growth Europe ex UK GBP Y Dis Acc Class was launched on 24 March 2021. |
| 32 Comgest Growth Europe USD Z Acc Class was launched on 6 April 2021. |
| 33 Comgest Growth World Plus GBP U Acc Class, USD Acc Class and EUR Z Acc Class were launched on 6 May 2021. |
| 34 Comgest Growth Emerging Markets Flex was merged with Comgest Growth Global Flex on 31 May 2021. |
| 35 Comgest Growth World Plus GBP U Dis Class were launched on 28 June 2021. |

There is no management fee charged on assets of the Funds invested in other Collective Investment Schemes and Undertakings for Collective Investment in Transferable Securities managed by the Investment Manager or an associated company.
No investment management fees are payable out of the assets attributable to the X Acc share classes. These share classes are available to investors who are subject to the criteria noted within the Prospectus.
The Company shall reimburse for all reasonable and properly vouched out of pocket expenses incurred by the Investment Manager in the performance of its duties and responsibilities under the Investment Management Agreement.
The amount of Investment Manager’s fees payable and charged for each Fund during the financial period ended 30 June 2021 and 2020 have been noted on the Statement of Financial Position and the Statement of Comprehensive Income respectively. The total investment management fees charged for the financial period ended 30 June 2021 were
€101,038,608 (30 June 2020: €77,701,783) and the amount payable as at 30 June 2021 was €16,841,109 (31 December 2020: € 31,796,650).
5.	Fees (continued)
Investment Manager’s Fees (continued)
The Investment Manager waived its fees in their entirety on the following Sub-Funds for the period to 30 June 2021; Comgest Growth Emerging Markets ex China, Comgest Growth Japan Compounders and, Comgest Growth Europe Compounders. There was also a fee waiver applied to Comgest Growth Global Emerging Markets Flex from 11 February 2021.
As set out in the prospectus under ‘Fees and Expenses’ (TER section), the Company may impose a cap on expenditure such that the expenditure of a Share Class does not exceed thresholds agreed between the Investment Manager and the Company. In the event of expenditure exceeding an agreed cap, the Investment Manager shall reimburse the affected Share Class(es). Where such instances arose in the period, the detail of any and all reimbursement by the Investment Manager is captured for the relevant Sub-Fund in the Statement of Comprehensive Income.
Sub-Investment Manager and Distributor Fees
The fees and expenses of a Sub-Investment Manager and Distributors will be paid by the Investment Manager out of its investment management fee.
Administrator’s Fees
The Administrator shall be entitled to receive an annual fee from the Company, accrued daily and payable monthly in arrears, not exceeding 0.05% of the Net Asset Value of the Company, subject to such minimum fee as agreed between the Company and the Administrator.
The minimum fee includes €2,500 per Fund for the production of annual financial statements and €1,750 per Fund for the production of semi-annual financial statements.
The Administrator is entitled to a minimum annual fee of €29,000 per Fund which includes two share classes. For each additional share class in excess of two per Fund, a fee of €3,000 per annum will be incurred and charged to the relevant Fund. The minimum annual fee will increase by €29,000 for each additional Fund. The annual fee will be charged pro rata in the event of a Fund commencing or ceasing during a financial period.
The Administrator is also entitled to a domiciliary and corporate agent services fee of €3,000 per annum for the Company as a whole and to be reimbursed for all agreed maintenance fees, Shareholder servicing fees, systems connection and programming fees, registered certificate fees and transaction fees (which shall all be at normal commercial rates and as set out in the Administration Agreement) and all reasonable out of pocket expenses properly incurred by it in the performance of its duties and responsibilities under the Administration Agreement, all of which will also be applied to the minimum fee.
The Administrator is also entitled to a fee for services provided to the Company in relation to the Foreign Account Tax Compliance Act (FATCA). Fees of €1,250 per year were charged to the Funds for FATCA services during the six-month financial period ended 30 June 2021 and 30 June 2020.
The Administrator is also entitled to a fee for services provided to the Company in relation to the requirements of the Common Reporting Standard (CRS). There were fees of €1,250 charged for CRS services during the six-month financial period ended 30 June 2021 and 30 June 2020.
The Administrator’s fees were updated, effective 1 January 2021. A summary of the changes can be seen in note 17.
The amount of Administrator’s fees payable and charged for each Fund during the financial periods ended 30 June 2021 and 30 June 2020 have been noted on the Statement of Financial Position and the Statement of Comprehensive Income respectively. The total Administrator's fees charged for the six-month financial period ended 30 June 2021 were €965,922 (six-month financial period June 2020: €729,186) and the amount payable as at 30 June 2021 was €686,691 (31 December 2020: €304,949).
- Fees (continued) DepositaryThe Depositary shall be entitled to receive an annual fee from the Company accrued daily and payable monthly in arrears not exceeding 0.0105% of the Net Asset Value of the Company with a minimum annual depositary fee of €4,200 per Fund per month. The Company shall also pay and reimburse the Depositary in respect of all out-of-pocket expenses incurred by it on behalf of the Company. The Company will also be responsible for transaction charges and sub-custody charges (which will be charged at normal commercial rates).

The Company shall pay to the Depositary, out of the assets of the Company, an annual Safekeeping fee accrued daily and payable monthly in arrears at a rate, depending on the custody markets, ranging from 0.006% up to 0.50% of the Net Asset Value of the Company, subject to a minimum fee of €25,000 per annum for the Company.
The Depositary fees were updated, effective 1 January 2021. A summary of the changes can be seen in note 17.
The amount of Depositary fees payable and charged for each Fund during the financial period ended 30 June 2021 and 30 June 2020 have been noted on the Statement of Financial Position and the Statement of Comprehensive Income respectively. The total Depositary fees charged for the six-month financial period ended 30 June 2021 were €3,129,287 (six-month financial period June 2020: €2,260,656) and the amount payable as at 30 June 2021 was €2,129,488 (31 December 2020: €674,434).
Publication Fees
The amount of Publication fees charged for each Fund during the financial periods ended to 30 June 2021 and 31 December 2020 has been noted on the Statement of Comprehensive Income.
Directors’ Fees
Directors’ fees and expenses are charged to the Funds on a pro rata basis. Fees of €93,647 (30 June 2020: €93,623) were charged to the Funds during the six-month financial period in respect of remuneration of the Directors.
The amount of Directors’ fees charged for each Fund during the financial periods ended 30 June 2021 and 30 June 2020 have been noted on the Statement of Comprehensive Income.
Auditors’ Remuneration
The Auditors remuneration as accrued for the six-month financial period amounted to €101,719 (six-month financial period ended June 2020: €83,772).
- Derivative ContractsTypically, financial derivative instruments (“FDI”) serve as components of the Company’s investment strategy and are utilised primarily to structure and economically hedge investments to enhance performance and reduce risk for the Company (the Company does not designate any derivatives as hedges for hedge accounting purposes as described IFRS 9). The derivative instruments that the Company may normally hold are forward foreign exchange contracts, warrants (received through corporate actions) and futures.

The Company records its FDI activities on a mark-to-market basis. Fair values are determined by using quoted market prices.
Comgest Growth Global Flex will seek to hedge part of the equity market risk exposure in the Core Portfolio through the use of exchange-traded equity index futures. Comgest Growth Global Flex is also permitted to utilise exchange-traded volatility index futures. While the objective in using such futures is to hedge the market risk arising from the equity positions in the Core Portfolio, there can be no guarantee that this objective will always be met.
Comgest Growth Emerging Markets Flex, which merged with Comgest Growth Global Flex on 31 May 2021, sought to hedge part of the equity market risk exposure in the Core Portfolio through the use of exchange-traded equity index futures during the period until its merger.
6.	Derivative Contracts (continued)
The fair values of open future contracts at 30 June 2021 and 31 December 2020 are noted in the tables below:
| COMGEST GROWTH GLOBAL FLEX |
| --- |
| Numbers of contracts |  |  |  | Unrealised gain/(loss) |
| (sold) | Description | Currency | Commitments | in EUR |
| 6 | CBOE SPX VOLATILITY INDEX 21/07/2021 | USD | 107,421 | (12,126) |
| 1 | CBOE SPX VOLATILITY INDEX 21/07/2021 | USD | 18,136 | 214 |
| (29) | EURO STOXX 50 PR 17/09/2021 | EUR | (1,176,095) | 22,040 |
| (2) | EURO STOXX 50 PR 17/09/2021 | EUR | (81,110) | 1,770 |
| (2) | EURO STOXX 50 PR 17/09/2021 | EUR | (81,110) | 370 |
| (1) | EURO STOXX 50 PR 17/09/2021 | EUR | (40,555) | 95 |
| (3) | EURO STOXX 50 PR 17/09/2021 | EUR | (121,665) | 1,604 |
| (1) | EURO STOXX 50 PR 17/09/2021 | EUR | (40,555) | 510 |
| (1) | EURO STOXX 50 PR 17/09/2021 | EUR | (40,555) | 260 |
| (23) | HONG KONG HANG SENG INDICES 29/07/2021 | HKD | (32,924,500) | (2,373) |
| (1) | HONG KONG HANG SENG INDICES 29/07/2021 | HKD | (1,431,500) | (103) |
| (1) | HONG KONG HANG SENG INDICES 29/07/2021 | HKD | (1,431,500) | 679 |
| (3) | HONG KONG HANG SENG INDICES 29/07/2021 | HKD | (4,294,500) | 3,160 |
| (2) | HONG KONG HANG SENG INDICES 29/07/2021 | HKD | (2,863,000) | 2,161 |
| (5) | HONG KONG HANG SENG INDICES 29/07/2021 | HKD | (7,157,500) | 5,212 |
| (10) | MSEMI - MSCI EMER MKTS INDEX 17/09/2021 | USD | (682,400) | (1,476) |
| (3) | MSEMI - MSCI EMER MKTS INDEX 17/09/2021 | USD | (204,720) | (1,644) |
| (2) | MSEMI - MSCI EMER MKTS INDEX 17/09/2021 | USD | (136,480) | (590) |
| (1) | MSEMI - MSCI EMER MKTS INDEX 17/09/2021 | USD | (68,240) | (291) |
| (9) | MSEMI - MSCI EMER MKTS INDEX 17/09/2021 | USD | (614,160) | 2,352 |
| (16) | NDX-NASDAQ 100 INDEX 100-IND* 17/09/2021 | USD | (4,655,680) | (201,123) |
| (2) | NDX-NASDAQ 100 INDEX 100-IND* 17/09/2021 | USD | (581,960) | (20,196) |
| (2) | NDX-NASDAQ 100 INDEX 100-IND* 17/09/2021 | USD | (581,960) | (12,303) |
| (53) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (152,534,000) | 7,852 |
| (3) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (8,634,000) | 843 |
| (11) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (31,658,000) | 5,140 |
| (6) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (17,268,000) | 479 |
| (8) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (23,024,000) | (821) |
| (11) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (31,658,000) | 209 |
| (1) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (2,878,000) | 80 |
| (14) | NIKKEI 225 INDICES D 09/09/2021 | JPY | (40,292,000) | 2,180 |
| (5) | S&P 500 EMINI INDEX 17/09/2021 | USD | (1,072,150) | (16,759) |
| (1) | S&P 500 EMINI INDEX 17/09/2021 | USD | (214,430) | (2,544) |
| (2) | S&P 500 EMINI INDEX 17/09/2021 | USD | (428,860) | (3,508) |
| (4) | S&P 500 EMINI INDEX 17/09/2021 | USD | (857,720) | (13,593) |
| (3) | S&P 500 EMINI INDEX 17/09/2021 | USD | (643,290) | (5,768) |
| (6) | TOPIX INDEX (TOKYO) 09/09/2021 | JPY | (116,580,000) | 6,519 |
| (1) | TOPIX INDEX (TOKYO) 09/09/2021 | JPY | (19,430,000) | (342) |
| (3) | UKX FTSE 100 INDEX 17/09/2021 | GBP | (209,415) | 4,804 |
| (2) | UKX FTSE 100 INDEX 17/09/2021 | GBP | (139,610) | 1,969 |
| 20 | VSTOXX 21/07/2021 | EUR | 35,900 | (900) |
| 21 | VSTOXX 21/07/2021 | EUR | 37,695 | (315) |
| 51 | VSTOXX 21/07/2021 | EUR | 91,545 | (510) |
|  |  | Total as at 30 June 2021 | (226,783) |
|  |  | Total as at 31 December 2020 | (505,498) |

6.	Derivative Contracts (continued)
The fair values of open forward foreign exchange contracts at 30 June 2021 and 31 December 2020 are noted in the tables below:
| COMGEST GROWTH GLOBAL FLEX |
| --- |
|  |  |  |  |  |  | Unrealised |
|  |  |  |  |  |  | gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold | in EUR |
| 09-Sep-21 | RBC Investor Services Bank S.A. | EUR | 9,818,325 | JPY | (1,309,230,000) | (120,920) |
| 09-Sep-21 | UBS AG London Branch | EUR | 7,396,465 | HKD | (70,000,926) | (196,179) |
| 09-Sep-21 | UBS AG London Branch | EUR | 27,855,065 | USD | (33,974,182) | (755,955) |
| 09-Sep-21 | UBS AG London Branch | USD | 5,011,843 | EUR | (4,134,741) | 85,784 |
| 09-Sep-21 | UBS AG London Branch | HKD | 13,041,176 | EUR | (1,386,578) | 27,891 |
| 09-Sep-21 | UBS AG London Branch | USD | 11,748,569 | EUR | (9,890,958) | 2,632 |
| 09-Sep-21 | UBS AG London Branch | JPY | 180,421,812 | EUR | (1,378,398) | (8,708) |
| 09-Sep-21 | UBS AG London Branch | HKD | 12,276,300 | EUR | (1,331,587) | (78) |
| 09-Sep-21 | UBS AG London Branch | JPY | 52,143,438 | EUR | (396,571) | (719) |
| 09-Sep-21 | UBS AG London Branch | HKD | 2,203,829 | EUR | (237,440) | 1,591 |
| 09-Sep-21 | UBS AG London Branch | EUR | 223,597 | JPY | (29,646,750) | (1,470) |
| 09-Sep-21 | UBS AG London Branch | EUR | 1,237,545 | JPY | (163,888,000) | (6,632) |
| 09-Sep-21 | UBS AG London Branch | HKD | 20,397,983 | EUR | (2,197,104) | 15,297 |
| 09-Sep-21 | RBC Investor Services Bank S.A. | USD | 5,620,184 | EUR | (4,697,726) | 35,089 |
|  |  |  |  | Total as at 30 June 2021 | (922,377) |
|  |  |  | Total as at 31 December 2020 | 129,756 |

| COMGEST GROWTH EMERGING MARKETS FLEX 1 |
| --- |
|  |  |  |  | Unrealised |
|  |  |  |  | gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold | in USD |
|  |  |  |  |  |
|  |  |  | Total as at 30 June 2021 | - |
|  |  | Total as at 31 December 2020 | (24,262) |

1 Comgest Growth Emerging Markets Flex was merged with Comgest Growth Global Flex on 31 May 2021.
| COMGEST GROWTH AMERICA |
| --- |
|  |  |  |  |  |  | Unrealised |
|  |  |  |  |  |  | gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold | in USD |
| 10-Sep-21 | UBS AG London Branch | EUR | 8,845,392 | USD | (10,789,830) | (285,776) |
| 10-Sep-21 | UBS AG London Branch | EUR | 358,236 | USD | (436,808) | (11,397) |
|  |  |  |  | Total as at 30 June 2021 | (297,173) |
|  |  |  | Total as at 31 December 2020 | 19,115 |

Translation (ENFR, 2021-06-30):
# NOTES AUX ÉTATS FINANCIERS au 30 juin 2021 (suite)
1.	Constitution et organisation (suite)
| Nom du Compartiment | Devise de base | Catégories d’actions |
| --- | --- | --- |
| Comgest Growth Japan Compounders | Yen japonais | Catégorie d’actions JPY X de capitalisation* / Catégorie d’actions JPY SI de capitalisation |
| Comgest Growth Emerging Markets | Dollar US | Catégorie d’actions USD de capitalisation / Catégorie d’actions USD de distribution / Catégorie d’actions EUR de distribution / Catégorie d’actions USD I de capitalisation / Catégorie d’actions EUR I de capitalisation / Catégorie d’actions EUR I de distribution / Catégorie d’actions GBP U de capitalisation / Catégorie d’actions EUR R de capitalisation / Catégorie d’actions EUR Z de capitalisation / Catégorie d’actions EUR Z de distribution / Catégorie d’actions GBP Z de capitalisation / Catégorie d’actions USD R de capitalisation / Catégorie d’actions USD X de capitalisation / Catégorie d’actions USD Z de distribution / Catégorie d’actions USD Z de capitalisation / Catégorie d’actions EUR de distribution fixe / Catégorie d’actions EUR I de distribution fixe / Catégorie d’actions EUR Y de capitalisation 9  / Catégorie d’actions GBP U de distribution* |
| Comgest Growth Emerging Markets ex China | Dollar US | Catégorie USD I de capitalisation |
| Comgest Growth Emerging Markets Flex 31 | Euro | Catégorie d’actions EUR I de capitalisation 32  / Catégorie d’actions EUR R de capitalisation 32  / Catégorie d’actions EUR de distribution* / Catégorie d’actions EUR Z de capitalisation 32 |
| Comgest Growth Emerging Markets Plus 5 | Dollar US | Catégorie d’actions EUR I de capitalisation 10  / Catégorie d’actions GBP U de capitalisation 6  / Catégorie d’actions GBP U de distribution 16  / Catégorie d’actions EUR de capitalisation 10  / Catégorie d’actions EUR Z de capitalisation 13  / Catégorie d’actions GBP X de distribution 6  / Catégorie d’actions USD I de capitalisation* / Catégorie d’actions EUR R de capitalisation* |
| Comgest Growth GEM Promising Companies | Euro | Catégorie d’actions EUR de capitalisation / Catégorie d’actions EUR de distribution / Catégorie d’actions USD I de capitalisation / Catégorie d’actions EUR I de capitalisation / Catégorie d’actions EUR R de capitalisation / Catégorie d’actions GBP U de capitalisation* / Catégorie d’actions EUR Z de capitalisation* |
| Comgest Growth Europe | Euro | Catégorie d’actions EUR de capitalisation / Catégorie d’actions EUR de distribution / Catégorie d’actions EUR I de capitalisation / Catégorie d’actions EUR I de distribution / Catégorie d’actions EUR R de capitalisation / Catégorie d’actions EUR Z de capitalisation / Catégorie d’actions EUR Z de distribution / Catégorie d’actions USD I de capitalisation / Catégorie d’actions USD I H de capitalisation / Catégorie d’actions EUR X de capitalisation* / Catégorie d’actions EUR I de distribution fixe / Catégorie d’actions EUR de distribution fixe / Catégorie d’actions GBP U de capitalisation* / Catégorie d’actions USD de capitalisation* / Catégorie d’actions USD Z de capitalisation 29 |
| Comgest Growth Europe Compounders | Euro | Catégorie d’actions EUR X de capitalisation* / Catégorie d’actions EUR SI de capitalisation |
| Comgest Growth Europe Plus | Euro | Catégorie d’actions EUR I de capitalisation / Catégorie d’actions GBP U de capitalisation* / Catégorie d’actions GBP U de distribution* / Catégorie d’actions EUR de capitalisation 9  / Catégorie d’actions EUR Z de capitalisation 2  / Catégorie d’actions EUR R de capitalisation* |
| Comgest Growth Europe S | Euro | Catégorie d’actions EUR de capitalisation / Catégorie d’actions USD de capitalisation / Catégorie d’actions EUR Z de capitalisation* / Catégorie d’actions USD Z de capitalisation* |
| Comgest Growth Europe Opportunities | Euro | Catégorie d’actions EUR de capitalisation / Catégorie d’actions EUR de distribution / Catégorie d’actions EUR R de capitalisation / Catégorie d’actions EUR I de capitalisation / Catégorie d’actions EUR X de capitalisation 22  / Catégorie d’actions EUR Z de capitalisation / Catégorie d’actions GBP U de capitalisation 24  / Catégorie d’actions GBP U H de capitalisation* / Catégorie d’actions GBP U de distribution* / Catégorie d’actions USD I de capitalisation* / Catégorie d’actions USD I H de capitalisation 12 |
| Comgest Growth Europe Smaller Companies | Euro | Catégorie d’actions EUR de capitalisation / Catégorie d’actions EUR I de capitalisation / Catégorie d’actions EUR de distribution* / Catégorie d’actions EUR X de capitalisation / Catégorie d’actions EUR Z de capitalisation / Catégorie d’actions GBP U de capitalisation 11  / Catégorie d’actions GBP U H de capitalisation* / Catégorie d’actions EUR I de distribution 3  / Catégorie d’actions EUR R de capitalisation 20 |