# Geographical classification
(by domicile of the issuer) (in percentage of net assets)
| Taiwan | 13.73 % |
| --- | --- |
| South Korea | 11.89 % |
| Cayman Islands | 11.87 % |
| Thailand | 6.56 % |
| Brazil | 5.53 % |
| Mexico | 5.24 % |
| Philippines | 4.44 % |
| Indonesia | 3.52 % |
| South Africa | 3.30 % |
| China | 3.00 % |
| Malaysia | 2.96 % |
| India | 2.81 % |
| Singapore | 2.70 % |
| Vietnam | 2.39 % |
| Luxembourg | 2.11 % |
| Chile | 1.98 % |
| Turkey | 1.85 % |
| Bermuda | 1.23 % |
| Hong Kong | 1.13 % |
| Peru | 0.70 % |
| Morocco | 0.45 % |
| Poland | 0.36 % |
| Namibia | 0.26 % |
| Total | 90.01 % |

| Assets |  |
| --- | --- |
| Securities portfolio at market value | 1,471,344,726.19 |
| Cash at banks | 143,677,165.94 |
| Receivable cash collateral paid | 7,295,000.00 |
| Receivable on issues of shares | 422,734.73 |
| Income receivable on portfolio | 2,477,729.27 |
| Prepaid expenses | 	2,105.04  |
| Total assets | 1,625,219,461.17 |
| Liabilities |  |
| Bank overdrafts | 308.37 |
| Unrealised loss on forward foreign exchange contracts | 6,470,056.28 |
| Expenses payable | 	1,695,966.48  |
| Total liabilities | 8,166,331.13 |
| Net assets at the end of the period | 1,617,053,130.04 |

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 EUR) |
| --- | --- | --- | --- | --- |
| A | 338,119.974 | EUR | 143.04 | 48,363,054.75 |
| AM | 310,256.725 | EUR | 146.74 | 45,527,407.11 |
| AR | 691.859 | EUR | 149.76 | 103,615.46 |
| B | 4,459,111.964 | EUR | 198.21 | 883,834,948.51 |
| B CHF HEDGED | 23,118.472 | CHF | 127.24 | 2,659,441.76 |
| BI | 1,385,736.455 | EUR | 212.19 | 294,044,175.32 |
| BM | 1,635,251.244 | EUR | 201.64 | 329,731,813.01 |
| BM CHF HEDGED | 7,587.680 | CHF | 131.33 | 900,920.86 |
| BR | 62,167.469 | EUR | 190.31 | 11,831,153.78 |
| BR CHF HEDGED | 500.000 | CHF | 125.21 | 	56,599.48  |
|  |  |  |  | 	1,617,053,130.04  |

| Income |  |
| --- | --- |
| Dividends, net | 9,846,839.20 |
| Interest on bonds and other debt securities, net | 587,182.08 |
| Bank interest | 4,385.44 |
| Other income | 	558,849.16  |
| Total income | 10,997,255.88 |
| Expenses |  |
| Management fees | 8,350,152.76 |
| Depositary fees | 339,905.55 |
| Banking charges and other fees | 100,991.94 |
| Transaction fees | 2,614,283.39 |
| Central administration costs | 147,730.78 |
| Professional fees | 11,944.55 |
| Other administration costs | 73,707.50 |
| Subscription duty ("taxe d'abonnement") | 344,690.21 |
| Other taxes | 270,560.09 |
| Bank interest paid | 319,056.53 |
| Other expenses | 	31,248.94  |
| Total expenses | 12,604,272.24 |
| Net investment loss | -1,607,016.36 |
| Net realised gain/(loss) |  |
| - on securities portfolio | 83,722,866.57 |
| - on futures contracts | -10,676,387.70 |
| - on forward foreign exchange contracts | 4,288,671.79 |
| - on foreign exchange | 	3,505,411.81  |
| Realised result | 79,233,546.11 |
| Net variation of the unrealised gain/(loss) |  |
| - on securities portfolio | -10,834,785.92 |
| - on futures contracts | -7,778,103.51 |
| - on forward foreign exchange contracts | 	-5,873,727.16  |
| Result of operations | 54,746,929.52 |
| Dividends paid | -9,565.10 |
| Reinvestments | - |
| Subscriptions | 194,958,114.79 |
| Redemptions | -240,887,702.07 |
| Total changes in net assets | 8,807,777.14 |
| Total net assets at the beginning of the period | 1,608,245,352.90 |
| Total net assets at the end of the period | 1,617,053,130.04 |

| Total net assets | Currency | 30.09.2019 | 30.09.2020 | 31.03.2021 |
| --- | --- | --- | --- | --- |
|  | EUR | 1,260,820,071.91 | 1,608,245,352.90 | 1,617,053,130.04 |

| Net asset value per share class | Currency | 30.09.2019 | 30.09.2020 | 31.03.2021 |
| --- | --- | --- | --- | --- |
| A | EUR | 134.55 | 138.45 | 143.04 |
| AM | EUR | 137.33 | 141.78 | 146.74 |
| AR | EUR | 141.35 | 145.14 | 149.76 |
| B | EUR | 183.72 | 191.85 | 198.21 |
| B CHF HEDGED | CHF | 118.86 | 123.45 | 127.24 |
| BI | EUR | 194.66 | 204.68 | 212.19 |
| BM | EUR | 185.78 | 194.78 | 201.64 |
| BM CHF HEDGED | CHF | 121.95 | 127.16 | 131.33 |
| BR | EUR | 177.06 | 184.43 | 190.31 |
| BR CHF HEDGED | CHF | 117.40 | 121.63 | 125.21 |

| Number of shares | outstanding at the beginning of the period | issued | redeemed | outstanding at the end of the period |
| --- | --- | --- | --- | --- |
| A | 317,411.171 | 57,546.561 | -36,837.758 | 338,119.974 |
| AM | 285,425.404 | 57,858.944 | -33,027.623 | 310,256.725 |
| AR | 691.859 | - | - | 691.859 |
| B | 4,328,144.375 | 609,931.042 | -478,963.453 | 4,459,111.964 |
| B CHF HEDGED | 25,918.472 | - | -2,800.000 | 23,118.472 |
| BI | 1,730,752.395 | 171,174.106 | -516,190.046 | 1,385,736.455 |
| BM | 1,678,432.531 | 106,580.139 | -149,761.426 | 1,635,251.244 |
| BM CHF HEDGED | 6,805.488 | 782.192 | - | 7,587.680 |
| BR | 45,465.092 | 18,740.179 | -2,037.802 | 62,167.469 |
| BR CHF HEDGED | 500.000 | - | - | 500.000 |

| TER per share class as at 31.03.2021 | (in %) |
| --- | --- |
| A | 1.40 |
| AM | 1.01 |
| AR | 1.65 |
| B | 1.40 |
| B CHF HEDGED | 1.44 |
| BI | 0.71 |
| BM | 1.00 |
| BM CHF HEDGED | 1.04 |
| BR | 1.66 |
| BR CHF HEDGED | 1.69 |

| Dividends paid | Currency | Dividend per share class | Ex-dividend date |
| --- | --- | --- | --- |
| AM | EUR | 0.03 | 09.02.2021 |

| Currency | Number / nominal value | Description | Cost | Market value | % of total net assets * |
| --- | --- | --- | --- | --- | --- |
| Investments in securities |
| Transferable securities admitted to an official stock exchangelisting |
| Shares |  |  |  |  |  |
| CAD | 790,000 | Agnico Eagle Mines Ltd | 28,621,006.41 | 38,855,294.13 | 2.40 |
| CAD | 270,000 | Enbridge Inc | 7,978,583.74 | 8,368,103.51 | 0.52 |
| CAD | 600,000 | Endeavour Mining Corp Reg | 12,727,950.13 | 10,289,018.10 | 0.64 |
| CAD | 510,000 | Franco Nevada Corporation | 29,059,954.11 | 54,376,424.84 | 3.36 |
| CAD | 1,500,000 | Wesdome Gold Mines Ltd Reg | 6,609,941.09 | 8,469,247.03 | 0.52 |
| CAD | 690,000 | Wheaton Precious Metals Corp Reg | 	16,928,531.60  | 	22,422,179.20  | 	1.39  |
|  |  |  | 101,925,967.08 | 142,780,266.81 | 8.83 |
| CHF | 88 | Chocolade Lindt & Spruengli AG Reg | 6,753,233.37 | 6,881,848.04 | 0.43 |
| CHF | 14,017 | Geberit AG Reg | 5,602,804.45 | 7,623,759.71 | 0.47 |
| CHF | 1,752 | Givaudan SA Reg | 3,552,667.23 | 5,768,731.72 | 0.36 |
| CHF | 490,000 | Nestlé SA Reg | 37,658,323.02 | 46,665,475.21 | 2.89 |
| CHF | 232,000 | Roche Holding Ltd Pref | 52,547,502.97 | 64,067,003.67 | 3.96 |
| CHF | 6,045 | SGS SA Reg | 	12,648,586.17  | 	14,652,084.61  | 	0.91  |
|  |  |  | 118,763,117.21 | 145,658,902.96 | 9.02 |
| DKK | 100,000 | Chr. Hansen Holding A/S | 6,638,227.48 | 7,749,928.23 | 0.48 |
| DKK | 270,000 | Novo Nordisk AS B | 13,027,584.31 | 15,601,033.09 | 0.96 |
| DKK | 278,592 | Novozymes AS B | 	11,480,237.38  | 	15,219,107.06  | 	0.94  |
|  |  |  | 31,146,049.17 | 38,570,068.38 | 2.38 |
| EUR | 810,000 | Grifols SA A | 18,492,329.23 | 18,087,300.00 | 1.12 |
| EUR | 4,500 | Hermes Intl SA | 1,793,454.33 | 4,248,000.00 | 0.26 |
| EUR | 390,000 | Industria de Diseno Textil SA | 9,419,285.06 | 10,959,000.00 | 0.68 |
| EUR | 300,000 | JC Decaux SA | 6,153,013.26 | 6,450,000.00 | 0.40 |
| EUR | 94,616 | Kone Oyj B | 4,532,389.99 | 6,590,950.56 | 0.41 |
| EUR | 45,118 | L'Oréal SA | 10,835,086.04 | 14,744,562.40 | 0.91 |
| EUR | 16,000 | LVMH Moët Hennessy L Vuit SE | 4,112,049.65 | 9,089,600.00 | 0.56 |
| EUR | 91,988 | Pernod-Ricard SA | 13,434,847.09 | 14,722,679.40 | 0.91 |
| EUR | 200,000 | SAP SE | 18,275,699.02 | 20,884,000.00 | 1.29 |
| EUR | 850,000 | Unilever Plc Reg | 	39,778,710.00  | 	40,443,000.00  | 	2.50  |
|  |  |  | 126,826,863.67 | 146,219,092.36 | 9.04 |
| GBP | 580,000 | Burberry Group Plc | 9,590,638.34 | 12,923,660.73 | 0.80 |
| GBP | 459,940 | Diageo Plc | 13,788,151.44 | 16,137,887.81 | 1.00 |
| GBP | 1,850,000 | GlaxoSmithKline Plc | 30,425,951.76 | 27,966,269.91 | 1.73 |
| GBP | 120,000 | Intertek Group Plc | 6,867,818.15 | 7,889,896.46 | 0.49 |
| GBP | 390,000 | Reckitt Benckiser Group Plc | 	27,294,330.77  | 	29,743,444.91  | 	1.84  |
|  |  |  | 87,966,890.46 | 94,661,159.82 | 5.86 |
| HKD | 4,850,000 | CK Asset Hgs Ltd Reg | 24,220,147.80 | 25,055,293.02 | 1.55 |
| HKD | 240,000 | Tencent Holdings Ltd | 11,267,354.93 | 16,023,479.37 | 0.99 |
| HKD | 5,519,000 | Travelsky Technology Ltd H | 9,875,897.92 | 10,981,711.29 | 0.68 |
| HKD | 8,500,000 | Want Want China Holdings Ltd | 	5,245,349.96  | 	5,423,794.54  | 	0.33  |
|  |  |  | 50,608,750.61 | 57,484,278.22 | 3.55 |
| JPY | 420,000 | Asahi Group Holdings Ltd | 14,065,072.36 | 15,087,833.73 | 0.93 |
| JPY | 262,800 | Asahi Intecc Co Ltd | 6,065,411.65 | 6,172,358.62 | 0.38 |
| JPY | 600,000 | Astellas Pharma Inc | 8,093,808.56 | 7,863,877.82 | 0.49 |
| JPY | 363,000 | CALBEE Inc | 8,847,909.53 | 7,888,412.01 | 0.49 |
| JPY | 375,000 | Kao Corp | 21,838,443.83 | 21,118,000.32 | 1.31 |
| JPY | 16,200 | Keyence Corp | 3,632,136.14 | 6,271,188.44 | 0.39 |
| JPY | 306,600 | Komatsu Ltd | 5,788,318.17 | 8,072,298.30 | 0.50 |
| JPY | 150,000 | Meiji Holdings Co Ltd Reg | 8,503,228.47 | 8,224,267.05 | 0.51 |
| JPY | 87,600 | Murata Manufacturing Co Ltd | 3,809,538.48 | 5,964,589.61 | 0.37 |
| JPY | 30,000 | Nintendo Co Ltd | 10,968,643.97 | 14,279,268.15 | 0.88 |
| JPY | 193,000 | Otsuka Corp | 8,251,197.07 | 7,698,622.41 | 0.48 |
| JPY | 240,000 | Pigeon Corp | 6,871,523.09 | 7,762,229.57 | 0.48 |
| JPY | 200,000 | Recruit Holdings Co Ltd | 5,561,226.70 | 8,318,214.67 | 0.51 |

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

| JPY | 750,000 | Santen Pharmaceutical Co Ltd | 9,571,595.43 |  | 8,796,038.42 |  | 0.54 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| JPY | 210,000 | Secom Co Ltd | 14,276,274.70 |  | 15,060,342.50 |  | 0.93 |
| JPY | 47,300 | Shimano Inc | 5,611,697.22 |  | 9,606,817.93 |  | 0.59 |
| JPY | 159,000 | Sony Group Corp | 7,548,970.45 |  | 14,196,909.97 |  | 0.88 |
| JPY | 159,000 | Unicharm Corp | 	2,545,836.88  |  | 	5,687,334.78  |  | 	0.35  |
|  |  |  | 151,850,832.70 |  | 178,068,604.30 |  | 11.01 |
| KRW | 150,000 | Coway Co Ltd | 7,707,955.46 |  | 7,413,895.51 |  | 0.46 |
| KRW | 10,075 | LG Household & Health Care Ltd | 10,515,645.57 |  | 11,935,994.47 |  | 0.74 |
| KRW | 135,000 | Samsung Electronics Co Ltd | 	8,318,680.62  |  | 	8,292,244.04  |  | 	0.51  |
|  |  |  | 26,542,281.65 |  | 27,642,134.02 |  | 1.71 |
| MXN | 2,400,000 | Fomento Econom Mexic SAB de CV Units 1B & 4D Shares | 14,980,841.23 |  | 15,375,913.97 |  | 0.95 |
| MXN | 10,000,000 | Kimberly-Clark Mex SAB de CV A | 	13,653,612.43  |  | 	14,522,916.13  |  | 	0.90  |
|  |  |  | 28,634,453.66 |  | 29,898,830.10 |  | 1.85 |
| SEK | 715,755 | Assa Abloy AB B | 13,345,108.18 |  | 17,536,557.17 |  | 1.08 |
| SEK | 810,000 | Essity AB B Reg | 	21,853,406.23  |  | 	21,814,383.44  |  | 	1.35  |
|  |  |  | 35,198,514.41 |  | 39,350,940.61 |  | 2.43 |
| SGD | 4,818,400 | SATS Ltd | 9,388,164.44 |  | 13,272,284.66 |  | 0.82 |
| SGD | 28,910,500 | Thai Beverage PLC | 	12,139,212.19  |  | 	13,546,930.51  |  | 	0.84  |
|  |  |  | 21,527,376.63 |  | 26,819,215.17 |  | 1.66 |
| THB | 7,884,700 | CP All PCL Foreign | 13,925,303.38 |  | 14,872,437.06 |  | 0.92 |
| TWD | 1,007,000 | Taiwan Semiconduct Mfg Co Ltd | 2,964,797.38 |  | 17,670,948.54 |  | 1.09 |
| USD | 120,000 | Accenture Plc A | 13,810,110.95 |  | 28,207,964.60 |  | 1.74 |
| USD | 90,000 | Alibaba Group Holding Ltd ADR repr 8 Share | 15,992,124.20 |  | 17,363,597.69 |  | 1.07 |
| USD | 9,200 | Alphabet Inc A | 8,478,372.85 |  | 16,146,344.45 |  | 1.00 |
| USD | 77,000 | Becton Dickinson & Co | 16,110,716.31 |  | 15,931,373.38 |  | 0.98 |
| USD | 175,000 | Check Point Software Tec Ltd | 16,790,596.88 |  | 16,673,544.93 |  | 1.03 |
| USD | 430,000 | Enterprise Products LP Units | 8,145,407.11 |  | 8,057,011.57 |  | 0.50 |
| USD | 450,000 | Gilead Sciences Inc | 30,858,465.72 |  | 24,747,702.52 |  | 1.53 |
| USD | 150,000 | Johnson & Johnson | 19,252,649.33 |  | 20,977,280.46 |  | 1.30 |
| USD | 130,000 | Lamb Weston Holdings Inc Reg S | 7,294,371.92 |  | 8,570,796.46 |  | 0.53 |
| USD | 446,800 | LKQ Corp | 11,345,964.72 |  | 16,093,468.35 |  | 0.99 |
| USD | 270,000 | Magellan Midstream Partners LP Uts | 9,982,045.36 |  | 9,961,878.83 |  | 0.62 |
| USD | 50,800 | Mastercard Inc A | 12,457,862.88 |  | 15,390,861.13 |  | 0.95 |
| USD | 142,800 | Medtronic Plc Reg | 11,957,403.81 |  | 14,354,121.85 |  | 0.89 |
| USD | 81,000 | Microsoft Corp | 14,375,055.01 |  | 16,250,314.84 |  | 1.00 |
| USD | 81,000 | Netease Inc ADR Repr 5 Shares | 6,318,005.06 |  | 7,117,137.51 |  | 0.44 |
| USD | 850,000 | Newmont Corp Reg | 31,750,793.44 |  | 43,592,154.53 |  | 2.70 |
| USD | 153,300 | Paychex Inc | 10,070,967.15 |  | 12,786,305.31 |  | 0.79 |
| USD | 150,000 | Pepsico Inc | 17,250,256.64 |  | 18,054,373.72 |  | 1.12 |
| USD | 1,500,000 | Pretium Resources Inc Reg | 13,212,231.81 |  | 13,236,044.93 |  | 0.82 |
| USD | 240,000 | Royal Gold Inc | 19,235,614.83 |  | 21,978,216.47 |  | 1.36 |
| USD | 1,000,000 | SSR Mining Inc Reg | 	15,893,822.71  |  | 	12,151,123.21  |  | 	0.75  |
|  |  |  | 310,582,838.69 |  | 357,641,616.74 |  | 22.11 |
| VND | 4,500,000 | Vietnam Dairy Product Corp | 17,282,078.76 |  | 16,328,815.18 |  | 1.01 |
| Total shares |  | 1,125,746,115.46 |  | 1,333,667,310.27 |  | 82.47 |

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

| Bonds |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD | 100,000,000 | US 1.25% T-Notes 20/15.05.50 | 71,396,335.76 |  | 64,204,497.11 |  | 3.97 |
| USD | 45,000,000 | US ILB Sen 20/15.02.50 | 42,140,037.79 |  | 40,720,810.37 |  | 2.52 |
| USD | 35,000,000 | US ILB Ser A-2030 Sen 20/15.01.30 | 	32,609,062.34  |  | 	32,752,108.44  |  | 	2.03  |
| Total bonds |  | 146,145,435.89 |  | 137,677,415.92 |  | 8.52 |
| Total investments in securities | 1,271,891,551.35 |  | 1,471,344,726.19 |  | 90.99 |
| Cash at banks |  |  | 143,677,165.94 |  | 8.89 |
| Bank overdrafts |  |  | -308.37 |  | 0.00 |
| Other net assets/(liabilities) |  |  | 2,031,546.28 |  | 0.12 |
| Total |  |  | 1,617,053,130.04 |  | 100.00 |

Translation (ENFR, 2021-03-31):
# Répartition géographique
(par pays de résidence de l'émetteur) (en pourcentage de l'actif net)
| Etats-Unis d'Amérique | 94,82 % |
| --- | --- |
| Irlande | 1,40 % |
| Jersey | 1,31 % |
| Chine | 0,70 % |
| Belgique | 0,52 % |
| Total | 98,75 % |

| Actif |  |
| --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 584.297.998,18 |
| Avoirs bancaires | 18.535.173,92 |
| A recevoir sur garantie en espèces payée | 3.810.000,00 |
| A recevoir sur émissions d'actions | 99.704,74 |
| Revenus à recevoir sur portefeuille-titres | 48.882,50 |
| Charges payées d'avance | 	590,87  |
| Total de l'actif | 606.792.350,21 |
| Exigible |  |
| Dettes bancaires | 175.441,95 |
| Moins-values non réalisées sur changes à terme | 3.485.620,29 |
| Frais à payer | 	576.207,40  |
| Total de l'exigible | 4.237.269,64 |
| Actif net à la fin de la période | 602.555.080,57 |

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 | 10.929,653 | USD | 207,04 | 2.262.854,62 |
| AM | 325.083,915 | USD | 210,46 | 68.415.906,15 |
| B | 321.061,823 | USD | 222,10 | 71.308.264,84 |
| B EUR HEDGED | 324.204,008 | EUR | 196,32 | 74.800.684,12 |
| BI | 21.873,428 | USD | 2.131,19 | 46.616.368,82 |
| BI EUR HEDGED | 9.551,320 | EUR | 1.303,65 | 14.633.092,40 |
| BM | 1.296.038,889 | USD | 225,88 | 292.744.701,82 |
| BM EUR HEDGED | 134.034,372 | EUR | 201,71 | 	31.773.207,80  |
|  |  |  |  | 	602.555.080,57  |

| Revenus |  |
| --- | --- |
| Dividendes, nets | 1.301.799,80 |
| Intérêts bancaires | 	8,64  |
| Total des revenus | 1.301.808,44 |
| Charges |  |
| Commission de gestion | 2.185.134,09 |
| Commission de dépositaire | 104.808,33 |
| Frais bancaires et autres commissions | 10.258,55 |
| Frais sur transactions | 307.167,37 |
| Frais d'administration centrale | 106.308,62 |
| Frais professionnels | 3.511,50 |
| Autres frais d'administration | 51.812,75 |
| Taxe d'abonnement | 124.872,49 |
| Autres impôts | 168.411,06 |
| Intérêts bancaires payés | 441,97 |
| Autres charges | 	3.868,74  |
| Total des charges | 3.066.595,47 |
| Pertes nettes des investissements | -1.764.787,03 |
| Bénéfice/(perte) net(te) réalisé(e) |  |
| - sur portefeuille-titres | 27.945.648,74 |
| - sur changes à terme | 492.471,68 |
| - sur devises | 	24.236,89  |
| Résultat réalisé | 26.697.570,28 |
| Variation nette de la plus-/(moins-) value non réalisée |  |
| - sur portefeuille-titres | 56.186.062,67 |
| - sur changes à terme | 	-3.637.704,50  |
| Résultat des opérations | 79.245.928,45 |
| Dividendes payés | - |
| Réinvestissements | - |
| Emissions | 219.278.122,10 |
| Rachats | -92.824.114,79 |
| Total des variations de l'actif net | 205.699.935,76 |
| Total de l'actif net au début de la période | 396.855.144,81 |
| Total de l'actif net à la fin de la période | 602.555.080,57 |

| Total de l'actif net | Devise | 30.09.2019 | 30.09.2020 | 31.03.2021 |
| --- | --- | --- | --- | --- |
|  | USD | 270.416.395,45 | 396.855.144,81 | 602.555.080,57 |

| VNI par classe d'action | Devise | 30.09.2019 | 30.09.2020 | 31.03.2021 |
| --- | --- | --- | --- | --- |
| A | USD | 147,60 | 173,17 | 207,04 |
| AM | USD | 149,14 | 175,67 | 210,46 |
| B | USD | 158,34 | 185,76 | 222,10 |
| B EUR HEDGED | EUR | 144,68 | 165,42 | 196,32 |
| BI | USD | 1.503,74 | 1.776,32 | 2.131,19 |
| BI EUR HEDGED | EUR | - | 1.094,46 | 1.303,65 |
| BM | USD | 160,07 | 188,54 | 225,88 |
| BM EUR HEDGED | EUR | 147,74 | 169,61 | 201,71 |

| Nombre d'actions | en circulation au début de la période | émises | remboursées | en circulation en fin de la période |
| --- | --- | --- | --- | --- |
| A | 5.301,274 | 6.039,318 | -410,939 | 10.929,653 |
| AM | 347.015,852 | 44.459,640 | -66.391,577 | 325.083,915 |
| B | 264.786,702 | 96.471,443 | -40.196,322 | 321.061,823 |
| B EUR HEDGED | 4.677,917 | 322.198,657 | -2.672,566 | 324.204,008 |
| BI | 17.799,280 | 6.240,889 | -2.166,741 | 21.873,428 |
| BI EUR HEDGED | 2.610,000 | 17.460,110 | -10.518,790 | 9.551,320 |
| BM | 1.322.439,676 | 201.328,698 | -227.729,485 | 1.296.038,889 |
| BM EUR HEDGED | 2.940,580 | 134.362,398 | -3.268,606 | 134.034,372 |

| TER par classe d'action au 31.03.2021 |  | (en %) |
| --- | --- | --- |
| A |  | 1,47 |
| AM |  | 1,04 |
| B |  | 1,45 |
| B EUR HEDGED |  | 1,62 |
| BI |  | 0,76 |
| BI EUR HEDGED | * | 0,84 |
| BM |  | 1,04 |
| BM EUR HEDGED |  | 1,22 |
| * TER annualisé |  |  |

| 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 |
| CAD | 7.500 | Constellation Software Inc | 6.402.540,70 | 10.472.432,18 | 1,74 |
| USD | 172.000 | A.O.Smith Corp | 9.193.471,24 | 11.628.920,00 | 1,93 |
| USD | 60.000 | Advance Auto Parts | 8.110.199,88 | 11.009.400,00 | 1,83 |
| USD | 133.000 | Albany Intl Corp A Reg | 8.545.220,96 | 11.101.510,00 | 1,84 |
| USD | 36.500 | ANSYS Inc | 8.915.148,03 | 12.393.940,00 | 2,06 |
| USD | 97.000 | AptarGroup Inc | 10.174.770,56 | 13.741.990,00 | 2,28 |
| USD | 84.000 | Aspen Technology Inc | 7.933.587,27 | 12.123.720,00 | 2,01 |
| USD | 38.000 | Burlington Stores Inc | 5.349.600,74 | 11.354.400,00 | 1,88 |
| USD | 84.000 | CDW Corp | 9.085.465,57 | 13.923.000,00 | 2,31 |
| USD | 157.000 | Check Point Software Tec Ltd | 17.237.820,13 | 17.579.290,00 | 2,92 |
| USD | 29.000 | Chemed Corp | 10.934.140,32 | 13.334.780,00 | 2,21 |
| USD | 219.000 | Church & Dwight Co Inc | 14.185.391,81 | 19.129.650,00 | 3,17 |
| USD | 53.000 | Clorox Co | 8.395.977,73 | 10.222.640,00 | 1,70 |
| USD | 146.000 | Cognex Corp | 7.295.219,20 | 12.116.540,00 | 2,01 |
| USD | 18.000 | Cooper Companies Inc (The) | 4.239.082,01 | 6.913.620,00 | 1,15 |
| USD | 30.000 | Domino's Pizza Inc Reg | 8.406.608,91 | 11.033.700,00 | 1,83 |
| USD | 86.000 | Equifax Inc | 12.451.678,48 | 15.577.180,00 | 2,59 |
| USD | 119.000 | Globus Medical Inc | 4.932.733,68 | 7.338.730,00 | 1,22 |
| USD | 98.000 | Graco Inc | 4.475.226,27 | 7.018.760,00 | 1,16 |
| USD | 119.000 | Henry Jack & Associates Inc | 16.883.022,92 | 18.054.680,00 | 3,00 |
| USD | 14.000 | IDEXX Laboratories Inc | 2.319.141,68 | 6.850.340,00 | 1,14 |
| USD | 46.000 | Insulet Corp | 9.913.549,13 | 12.002.320,00 | 1,99 |
| USD | 51.900 | IPG Photonics Corp | 8.220.039,26 | 10.947.786,00 | 1,82 |
| USD | 172.000 | Lamb Weston Holdings Inc Reg S | 10.685.189,90 | 13.326.560,00 | 2,21 |
| USD | 40.000 | Lancaster Colony Corp | 5.695.125,06 | 7.014.400,00 | 1,16 |
| USD | 42.500 | Lennox Intl Inc | 9.681.656,32 | 13.242.575,00 | 2,20 |
| USD | 44.000 | Littelfuse Inc | 8.213.193,81 | 11.635.360,00 | 1,93 |
| USD | 303.000 | LKQ Corp | 9.429.081,96 | 12.825.990,00 | 2,13 |
| USD | 78.000 | Manhattan Associates Inc | 5.438.200,53 | 9.155.640,00 | 1,52 |
| USD | 50.000 | Masimo Corp | 8.061.927,95 | 11.483.000,00 | 1,91 |
| USD | 77.000 | McCormick & Co | 4.594.608,93 | 6.865.320,00 | 1,14 |
| USD | 8.000 | Mettler Toledo Intl Inc | 5.222.157,18 | 9.245.520,00 | 1,53 |
| USD | 75.000 | Middleby Corp | 8.223.403,61 | 12.431.250,00 | 2,06 |
| USD | 23.000 | MSCI Inc | 6.562.629,37 | 9.643.440,00 | 1,60 |
| USD | 330.000 | NIC Inc Reg | 7.522.731,81 | 11.196.900,00 | 1,86 |
| USD | 54.000 | Nordson Corp | 8.397.089,50 | 10.728.720,00 | 1,78 |
| USD | 39.000 | Pool Corp | 6.660.674,18 | 13.464.360,00 | 2,23 |
| USD | 75.000 | Resmed Inc | 8.487.357,18 | 14.551.500,00 | 2,42 |
| USD | 372.000 | Rollins Inc | 9.384.754,10 | 12.804.240,00 | 2,13 |
| USD | 127.000 | Sensient Technologies Corp | 8.359.114,97 | 9.906.000,00 | 1,64 |
| USD | 81.000 | SiteOne Landscape Supply Inc | 7.437.177,59 | 13.829.940,00 | 2,30 |
| USD | 81.000 | Tractor Supply Co | 7.357.603,24 | 14.343.480,00 | 2,38 |
| USD | 22.000 | Tyler Technologies Inc | 5.088.490,01 | 9.339.660,00 | 1,55 |
| USD | 48.000 | Ulta Beauty Inc Reg | 11.300.203,12 | 14.840.160,00 | 2,46 |
| USD | 57.500 | Verisign Inc | 11.305.781,24 | 11.428.700,00 | 1,90 |
| USD | 107.500 | Verisk Analytics Inc | 16.830.070,35 | 18.994.175,00 | 3,15 |

| Devise | Valeur nominale/ Quantité | Dénomination | Coût d'acquisition | Valeur d'évaluation | % de l'actif net * |
| --- | --- | --- | --- | --- | --- |

| USD | 42.000 | Waters Corp | 8.160.808,07 |  | 11.935.140,00 |  | 1,98 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD | 50.000 | Watsco Inc | 8.700.045,22 |  | 13.037.500,00 |  | 2,16 |
| USD | 23.000 | Zebra Technologies Corp A | 	3.888.131,45  |  | 	11.159.140,00  |  | 	1,85  |
|  |  |  | 407.884.302,43 |  | 573.825.566,00 |  | 95,23 |
| Total portefeuille-titres |  | 414.286.843,13 |  | 584.297.998,18 |  | 96,97 |
| Avoirs bancaires |  |  |  | 18.535.173,92 |  | 3,08 |
| Dettes bancaires |  |  |  | -175.441,95 |  | -0,03 |
| Autres actifs/(passifs) nets |  |  | -102.649,58 |  | -0,02 |
| Total |  |  |  |  | 602.555.080,57 |  | 100,00 |