# Geographical classification
(by domicile of the issuer) (in percentage of net assets)
| United States of America | 21.00 % |
| --- | --- |
| France | 11.16 % |
| United Kingdom | 10.14 % |
| Denmark | 8.91 % |
| Sweden | 8.52 % |
| Switzerland | 8.51 % |
| Germany | 7.44 % |
| Canada | 6.03 % |
| Japan | 4.97 % |
| The Netherlands | 3.48 % |
| Australia | 1.70 % |
| Luxembourg | 1.45 % |
| Taiwan | 1.01 % |
| Total | 94.32 % |

| Assets |  |
| --- | --- |
| Securities portfolio at market value | 364,375,637.35 |
| Cash at banks | 60,819,284.81 |
| Receivable on issues of shares | 1,102.54 |
| Income receivable on portfolio | 823,107.96 |
| Prepaid expenses | 	455.60  |
| Total assets | 426,019,588.26 |
| Liabilities |  |
| Bank overdrafts | 144,704.11 |
| Expenses payable | 	420,338.29  |
| Total liabilities | 565,042.40 |
| Net assets at the end of the period | 425,454,545.86 |

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 | 59,546.943 | EUR | 131.35 | 7,821,252.33 |
| AM | 449,887.334 | EUR | 134.60 | 60,556,008.21 |
| AR | 1.000 | EUR | 113.01 | 113.01 |
| B | 458,162.108 | EUR | 170.15 | 77,956,870.60 |
| BC | 22,478.226 | USD | 101.14 | 2,043,092.52 |
| BCI | 1.000 | USD | 1,160.09 | 1,042.50 |
| BCM | 42,484.597 | USD | 103.31 | 3,944,288.68 |
| BI | 17,440.142 | EUR | 920.00 | 16,044,860.10 |
| BM | 1,456,111.335 | EUR | 173.74 | 252,991,008.10 |
| BR | 29,924.620 | EUR | 136.88 | 	4,096,009.81  |
|  |  |  |  | 	425,454,545.86  |

| Income |  |
| --- | --- |
| Dividends, net | 3,565,111.99 |
| Interest on bonds and other debt securities, net | 132,658.44 |
| Return on sukuk | 7,654.42 |
| Bank interest | 310.54 |
| Other income | 	131,030.02  |
| Total income | 3,836,765.41 |
| Expenses |  |
| Management fees | 2,054,618.21 |
| Depositary fees | 94,459.78 |
| Banking charges and other fees | 86,009.77 |
| Transaction fees | 780,662.83 |
| Central administration costs | 78,419.84 |
| Professional fees | 2,997.30 |
| Other administration costs | 45,943.51 |
| Subscription duty ("taxe d'abonnement") | 103,731.41 |
| Other taxes | 124,644.10 |
| Bank interest paid | 105,898.50 |
| Other expenses | 	79,504.05  |
| Total expenses | 3,556,889.30 |
| Net investment income | 279,876.11 |
| Net realised gain/(loss) |  |
| - on securities portfolio | 8,577,570.40 |
| - on forward foreign exchange contracts | -4,252.40 |
| - on foreign exchange | 	2,389,458.38  |
| Realised result | 11,242,652.49 |
| Net variation of the unrealised gain/(loss) |  |
| - on securities portfolio | 	-13,020,051.58  |
| Result of operations | -1,777,399.09 |
| Dividends paid | -552,122.06 |
| Reinvestments | - |
| Subscriptions | 31,134,199.43 |
| Redemptions | -103,663,261.92 |
| Total changes in net assets | -74,858,583.64 |
| Total net assets at the beginning of the period | 500,313,129.50 |
| Total net assets at the end of the period | 425,454,545.86 |

| Total net assets | Currency | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
|  | EUR | 430,772,012.16 | 500,313,129.50 | 425,454,545.86 |

| Net asset value per share class | Currency | 30.09.2020 | 30.09.2021 | 31.03.2022 |
| --- | --- | --- | --- | --- |
| A | EUR | 122.46 | 133.01 | 131.35 |
| AM | EUR | 125.83 | 136.70 | 134.60 |
| AR | EUR | 105.39 | 114.76 | 113.01 |
| B | EUR | 157.33 | 171.53 | 170.15 |
| BC | USD | 98.55 | 106.21 | 101.14 |
| BCI | USD | 1,119.69 | 1,214.55 | 1,160.09 |
| BCM | USD | 100.05 | 108.26 | 103.31 |
| BI | EUR | 120.26 | 924.16 | 920.00 |
| BM | EUR | 159.72 | 174.83 | 173.74 |
| BR | EUR | 127.03 | 138.15 | 136.88 |

| Number of shares | outstanding at the beginning of the period | issued | redeemed | outstanding at the end of the period |
| --- | --- | --- | --- | --- |
| A | 62,252.722 | 1,587.880 | -4,293.659 | 59,546.943 |
| AM | 481,841.487 | 43,023.191 | -74,977.344 | 449,887.334 |
| AR | 1.000 | - | - | 1.000 |
| B | 506,994.611 | 10,476.044 | -59,308.547 | 458,162.108 |
| BC | 23,667.404 | 21.534 | -1,210.712 | 22,478.226 |
| BCI | 1.000 | - | - | 1.000 |
| BCM | 56,158.310 | 3,973.838 | -17,647.551 | 42,484.597 |
| BI | 30,942.054 | - | -13,501.912 | 17,440.142 |
| BM | 1,704,849.967 | 129,148.380 | -377,887.012 | 1,456,111.335 |
| BR | 37,184.733 | 7.978 | -7,268.091 | 29,924.620 |

| TER per share class as at 31.03.2022 | (in %) |
| --- | --- |
| A | 1.46 |
| AM | 1.14 |
| AR | 0.58 |
| B | 1.46 |
| BC | 1.47 |
| BCI | 0.72 |
| BCM | 1.05 |
| BI | 0.76 |
| BM | 1.08 |
| BR | 1.70 |

| Dividends paid | Currency | Dividend per share class | Ex-dividend date |
| --- | --- | --- | --- |
| A | EUR | 0.60 | 08.02.2022 |
| AM | EUR | 1.16 | 08.02.2022 |
| AR | EUR | 1.34 | 08.02.2022 |

| 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 | 4,000,000 | Ambev SA | 13,719,590.20 | 11,640,509.10 | 2.74 |
| BRL | 2,000,000 | Odontoprev SA | 6,032,314.32 | 4,739,350.13 | 1.11 |
| BRL | 1,000,000 | Pet Center Comerc Particip SA | 2,465,091.79 | 3,526,167.20 | 0.83 |
| BRL | 1,000,000 | Raia Drogasil SA Reg | 3,042,111.77 | 4,523,925.13 | 1.06 |
| BRL | 500,000 | Weg SA | 	629,363.43  | 	3,294,679.81  | 	0.77  |
|  |  |  | 25,888,471.51 | 27,724,631.37 | 6.51 |
| CNY | 28,000 | Kweichow Moutai Co Ltd A Reg | 4,434,523.55 | 6,823,055.64 | 1.60 |
| HKD | 800,000 | Alibaba Group Holding Ltd Reg | 14,142,747.21 | 10,290,495.84 | 2.42 |
| HKD | 500,000 | ASM Pacific Technology Ltd | 4,734,199.98 | 4,561,186.55 | 1.07 |
| HKD | 2,500,000 | Budweiser Brewing Co APAC Ltd Reg | 5,994,444.24 | 5,981,178.59 | 1.41 |
| HKD | 1,500,000 | Cafe de Coral Holdings Ltd | 3,066,285.44 | 2,254,775.24 | 0.53 |
| HKD | 3,700,000 | China Feihe Ltd Unitary Share Reg | 6,290,719.06 | 3,294,611.02 | 0.77 |
| HKD | 4,300,000 | Dali Foods Gr Co Ltd | 2,333,487.98 | 2,027,920.75 | 0.48 |
| HKD | 1,300,000 | Haitian Intl Holdings Ltd | 1,709,364.28 | 3,035,627.43 | 0.71 |
| HKD | 170,000 | Hong Kong Sec Clearing Co Ltd | 7,173,602.71 | 7,244,885.44 | 1.70 |
| HKD | 171,904 | JD.com Inc Reg A | 5,276,580.80 | 4,615,752.80 | 1.08 |
| HKD | 420,000 | Netease Inc Reg | 6,940,683.52 | 6,930,249.63 | 1.63 |
| HKD | 2,500,000 | Occitane International SA (L') Reg | 4,504,232.42 | 7,300,767.15 | 1.72 |
| HKD | 150,000 | Tencent Holdings Ltd | 5,281,663.01 | 6,440,739.65 | 1.51 |
| HKD | 1,500,000 | Travelsky Technology Ltd H | 2,425,087.96 | 1,944,958.79 | 0.46 |
| HKD | 9,000,000 | Want Want China Holdings Ltd | 	7,233,596.77  | 	7,476,903.54  | 	1.76  |
|  |  |  | 77,106,695.38 | 73,400,052.42 | 17.25 |
| IDR | 45,000,000 | Ace Hardware Indonesi (PT) Tbk | 4,198,895.61 | 2,884,636.28 | 0.68 |
| IDR | 70,000,000 | Kalbe Farma Tbk (PT) | 6,627,885.07 | 7,048,206.15 | 1.66 |
| IDR | 12,000,000 | PT Indofood CBP Sukses Mak Tbk | 	6,620,056.65  | 	5,515,987.42  | 	1.30  |
|  |  |  | 17,446,837.33 | 15,448,829.85 | 3.64 |
| INR | 550,000 | Container Corp of India Ltd Reg | 3,494,638.62 | 4,377,251.09 | 1.03 |
| INR | 150,000 | Infosys Ltd Reg | 2,699,517.53 | 3,386,728.30 | 0.80 |
| INR | 110,000 | Tata Consultancy Services Ltd | 	3,971,391.20  | 	4,871,144.90  | 	1.14  |
|  |  |  | 10,165,547.35 | 12,635,124.29 | 2.97 |
| KRW | 25,000 | Amorepacific Corp (New) | 4,277,936.22 | 2,961,538.46 | 0.70 |
| KRW | 140,000 | Binggrae Co Ltd | 7,446,261.82 | 5,597,307.69 | 1.32 |
| KRW | 90,000 | Coway Co Ltd | 4,058,418.53 | 4,564,471.15 | 1.07 |
| KRW | 6,000 | LG Household & Health Care Ltd | 3,773,664.83 | 3,811,500.00 | 0.90 |
| KRW | 60,000 | Orion Corp | 4,516,972.04 | 3,944,769.23 | 0.93 |
| KRW | 100,000 | S-1 CORP | 5,308,842.33 | 5,278,942.31 | 1.24 |
| KRW | 240,000 | Samsung Electronics Co Ltd | 	13,090,829.63  | 	12,367,384.62  | 	2.91  |
|  |  |  | 42,472,925.40 | 38,525,913.46 | 9.07 |
| MXN | 3,500,000 | Kimberly-Clark Mex SAB de CV A | 5,416,545.24 | 4,412,395.08 | 1.04 |
| MYR | 6,560,954 | 7-Eleven Malaysia Holdings Bhd | 1,939,235.07 | 2,005,144.77 | 0.47 |
| MYR | 700,000 | Carlsberg Brewery Malaysia Bhd | 2,004,271.32 | 3,249,380.46 | 0.76 |
| MYR | 600,000 | Heineken Malaysia Bhd | 	1,863,448.50  | 	2,882,639.02  | 	0.68  |
|  |  |  | 5,806,954.89 | 8,137,164.25 | 1.91 |
| PEN | 2,100,000 | Alicorp SAA | 4,472,148.33 | 2,819,267.88 | 0.66 |
| PHP | 27,982,982 | D&L Industries Inc | 4,329,871.99 | 3,878,993.39 | 0.91 |
| PHP | 42,408,933 | RFM Corp | 3,641,391.11 | 3,163,763.91 | 0.74 |
| PHP | 3,300,000 | Universal Robina Corp | 	6,505,914.44  | 	6,927,516.63  | 	1.63  |
|  |  |  | 14,477,177.54 | 13,970,273.93 | 3.28 |

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

| SGD | 7,000,000 | Sheng Siong Group Ltd | 2,295,893.93 |  | 7,065,558.15 |  | 1.66 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| SGD | 22,000,000 | Thai Beverage PLC | 	7,264,450.52  |  | 	10,445,604.30  |  | 	2.46  |
|  |  |  | 9,560,344.45 |  | 17,511,162.45 |  | 4.12 |
| THB | 4,300,000 | CP All PCL Foreign | 7,619,760.95 |  | 7,550,525.22 |  | 1.77 |
| THB | 5,500,000 | Major Cineplex Group PCL Foreign Reg | 3,402,062.56 |  | 2,971,584.17 |  | 0.70 |
| THB | 5,000,000 | Osotspa PCL Foreign Reg | 4,515,209.50 |  | 5,065,200.28 |  | 1.19 |
| THB | 6,000,000 | TOA Paint Thailand PCL Reg | 	5,596,929.79  |  | 	4,822,070.67  |  | 	1.13  |
|  |  |  | 21,133,962.80 |  | 20,409,380.34 |  | 4.79 |
| TWD | 40,000 | Aspeed Tec Inc Reg | 1,873,647.14 |  | 4,094,047.80 |  | 0.96 |
| TWD | 400,000 | King Slide Works Co Ltd | 4,185,020.74 |  | 5,488,033.40 |  | 1.29 |
| TWD | 2,009,467 | Pacific Hospital Supply Co Ltd | 3,848,242.00 |  | 4,529,816.82 |  | 1.06 |
| TWD | 950,000 | President Chain Store Corp | 6,335,726.60 |  | 7,844,308.61 |  | 1.84 |
| TWD | 500,000 | St.Shine Optical Co Ltd | 6,012,258.01 |  | 4,513,185.36 |  | 1.06 |
| TWD | 350,000 | Sunny Friend Enviro Tech Co | 2,652,418.64 |  | 2,258,162.48 |  | 0.53 |
| TWD | 2,600,000 | Taiwan Secom | 4,834,460.54 |  | 8,897,646.82 |  | 2.09 |
| TWD | 650,000 | Taiwan Semiconduct Mfg Co Ltd | 	1,713,908.76  |  | 	12,183,245.77  |  | 	2.86  |
|  |  |  | 31,455,682.43 |  | 49,808,447.06 |  | 11.69 |
| USD | 500,000 | Cia Cervecerias Unidas SA ADR repr 2 Shares | 8,308,193.18 |  | 6,721,782.89 |  | 1.58 |
| USD | 70,000 | Coca-Cola Femsa SAB de CV ADR repr 10 Units | 4,507,873.63 |  | 3,456,595.97 |  | 0.81 |
| USD | 120,000 | Fomento Econom Mexic SAB de CV ADR repr 10 Uts (10 B & 20 D) | 8,702,975.93 |  | 8,934,219.99 |  | 2.10 |
| USD | 180,000 | Yum China Holdings Inc | 	9,240,572.46  |  | 	6,719,266.71  |  | 	1.58  |
|  |  |  | 30,759,615.20 |  | 25,831,865.56 |  | 6.07 |
| VND | 3,200,000 | Vietnam Dairy Product Corp | 12,093,669.97 |  | 10,185,373.98 |  | 2.39 |
| ZAR | 900,000 | AVI Ltd | 4,714,533.70 |  | 3,989,898.39 |  | 0.94 |
| ZAR | 450,000 | Clicks Group Ltd | 4,718,402.04 |  | 8,551,165.73 |  | 2.01 |
| ZAR | 500,000 | Tiger Brands Ltd | 	8,080,457.65  |  | 	4,977,381.33  |  | 	1.17  |
|  |  |  | 17,513,393.39 |  | 17,518,445.45 |  | 4.12 |
| Total shares |  | 330,204,494.76 |  | 345,161,383.01 |  | 81.11 |
| Bonds |  |  |  |  |  |  |  |
| EUR | 3,000,000 | Peru 2.75% Sen 15/30.01.26 | 3,314,850.00 |  | 3,150,000.00 |  | 0.74 |
| EUR | 2,000,000 | Philippines 0.875% EMTN Sen 19/17.05.27 | 1,976,400.00 |  | 1,914,200.00 |  | 0.45 |
| EUR | 3,000,000 | Romania 2.875% EMTN 14/28.10.24 | 	3,223,360.00  |  | 	3,099,960.00  |  | 	0.73  |
|  |  |  | 8,514,610.00 |  | 8,164,160.00 |  | 1.92 |
| USD | 2,000,000 | Chile 3.125% Sen 14/27.03.25 | 1,807,123.48 |  | 1,820,956.14 |  | 0.43 |
| USD | 2,000,000 | Croatia 5.5% Reg S Sen 13/04.04.23 | 1,834,549.76 |  | 1,856,829.61 |  | 0.44 |
| USD | 3,000,000 | Indonesia 4.125% Reg S Ser 13 Tr 1 15/15.01.25 | 2,877,693.50 |  | 2,790,609.27 |  | 0.66 |
| USD | 3,000,000 | Poland 3.25% Sen 16/06.04.26 | 	2,860,175.12  |  | 	2,752,880.12  |  | 	0.65  |
|  |  |  | 9,379,541.86 |  | 9,221,275.14 |  | 2.18 |
| Total bonds |  |  | 17,894,151.86 |  | 17,385,435.14 |  | 4.10 |
| Sukuk |  |  |  |  |  |  |  |
| USD | 2,000,000 | Malaysia Sukuk Global Bhd 3.179% Reg S Ser 1 16/27.04.26 | 	1,825,472.93  |  | 	1,828,819.20  |  | 	0.43  |
| Total sukuk |  |  | 1,825,472.93 |  | 1,828,819.20 |  | 0.43 |
| Total investments in securities | 349,924,119.55 |  | 364,375,637.35 |  | 85.64 |
| Cash at banks |  |  | 60,819,284.81 |  | 14.30 |
| Bank overdrafts |  |  | -144,704.11 |  | -0.03 |
| Other net assets/(liabilities) |  |  | 404,327.81 |  | 0.09 |
| Total |  |  | 425,454,545.86 |  | 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.