# CPR Invest - Education
| Statement of net assets as at 30/06/22 |  |
| --- | --- |
|  | Expressed in EUR |
| Assets | 356,146,551.02 |
| Securities portfolio at market value | 334,240,007.46 |
| Cost price | 369,861,118.96 |
| Cash at banks and liquidities | 19,824,426.16 |
| Receivable for investments sold | 975,281.77 |
| Receivable on subscriptions | 116,796.29 |
| Net unrealised appreciation on forward foreign exchange contracts | 555,468.84 |
| Dividends receivable on securities portfolio | 417,169.44 |
| Other interests receivable | 17,401.06 |
| Liabilities | 3,606,807.10 |
| Bank overdrafts | 488,433.92 |
| Collateral payable | 260,000.00 |
| Payable on redemptions | 180,937.63 |
| Net unrealised depreciation on financial futures | 954,812.44 |
| Management fees, advisory fees and Management Company fees payable | 311,229.85 |
| Administration fees payable | 1,301,627.72 |
| Performance fees payable | 28,026.37 |
| Other interests payable | 4,106.18 |
| Other liabilities | 77,632.99 |
| Net asset value | 352,539,743.92 |

| Statistics |  |
| --- | --- |
|  |  | 30/06/22 | 31/12/21 | 31/12/20 |
| Total Net Assets | EUR | 352,539,743.92 | 614,481,222.34 | 549,632,943.84 |
| Class A EUR - Acc Number of shares |  | 1,305,763.9312 | 1,345,664.1554 | 1,750,240.9584 |
| Net asset value per share | EUR | 93.74 | 113.37 | 108.54 |
| Class A EUR - Dist Number of shares |  | 55,989.8611 | 63,833.2582 | 57,470.3177 |
| Net asset value per share | EUR | 88.79 | 107.39 | 102.81 |
| Class A2 EUR - Acc Number of shares |  | 61,179.6545 | 61,199.3891 | 10,995.8160 |
| Net asset value per share | EUR | 85.84 | 103.98 | 99.85 |
| Class A2 EUR - Dist Number of shares |  | 184.5013 | 184.5013 | 184.5013 |
| Net asset value per share | EUR | 85.89 | 104.04 | 99.89 |
| Class A2 SGDH - Acc |  |  |  |  |
| Number of shares |  | 1,170.5443 | 1,148.1628 | 554.0102 |
| Net asset value per share | SGD | 91.73 | 110.28 | 105.28 |
| Class A2 USDH - Acc |  |  |  |  |
| Number of shares |  | 10,660.1191 | 11,513.0804 | 9,699.2546 |
| Net asset value per share | USD | 93.17 | 111.81 | 106.57 |
| Class A ca EUR - Acc Number of shares |  | 4,048.2835 | 483,093.4231 | 329,174.8593 |
| Net asset value per share | EUR | 94.89 | 114.58 | 109.69 |
| Class A lcl EUR - Acc Number of shares |  | 5,247.1553 | 5,151.4903 | 1,634.7848 |
| Net asset value per share | EUR | 89.88 | 108.70 | 104.10 |
| Class E EUR - Acc Number of shares |  | 1,174.4161 | 1,260.9168 | 2,749.9204 |
| Net asset value per share | EUR | 98.19 | 118.05 | 111.68 |
| Class F EUR - Acc Number of shares |  | 52,119.7679 | 52,973.5068 | 32,744.0764 |
| Net asset value per share | EUR | 93.52 | 113.67 | 109.92 |
| Class H EUR - Acc Number of shares |  | 139,918.4128 | 166,729.5200 | 196,363.6246 |
| Net asset value per share | EUR | 89.19 | 107.18 | 101.28 |
| Class I EUR - Acc Number of shares |  | 856,859.3599 | 1,552,829.6232 | 1,439,560.3371 |
| Net asset value per share | EUR | 96.25 | 115.95 | 110.14 |
| Class I USD - Acc Number of shares |  | 225,837.2356 | 395,416.5145 | 233,254.2093 |
| Net asset value per share | USD | 86.84 | 113.80 | 116.37 |
| Class I2 EUR - Acc Number of shares |  | 27,957.5032 | 27,957.5032 | 19.5032 |
| Net asset value per share | EUR | 87.85 | 105.99 | 100.95 |
| Class I uk GBP - Acc |  |  |  |  |
| Number of shares |  | 39,435.9022 | 41,847.3067 | 72,900.7660 |
| Net asset value per share | GBP | 87.81 | 103.07 | 104.15 |
| Class M2 EUR - Acc Number of shares |  | 83.4801 | 1,733.7921 | 20.6199 |
| Net asset value per share | EUR | 98.21 | 118.39 | 112.60 |
| Class O EUR - Acc |  |  |  |  |
| Number of shares |  | 275.2400 | 474.1514 | 449.9710 |
| Net asset value per share | EUR | 99,812.19 | 119,791.72 | 112,922.90 |

Statistics
| Class R EUR - Acc Number of shares |  | 436,727.1971 | 472,150.7004 | 246,700.0291 |
| --- | --- | --- | --- | --- |
| Net asset value per share | EUR | 95.76 | 115.44 | 109.92 |
| Class R2 EUR - Acc Number of shares |  | 29.5051 | 29.5051 | 29.5051 |
| Net asset value per share | EUR | 87.45 | 105.59 | 100.72 |
| Class RE EUR - Acc Number of shares |  | 20.0000 | 20.0000 | 20.0000 |
| Net asset value per share | EUR | 92.43 | 111.44 | 106.05 |
| Class T2 EUR - Acc Number of shares |  | 114,900.0000 | 115,200.0000 | 207,332.0000 |
| Net asset value per share | EUR | 92.60 | 111.47 | 105.71 |
| Class U EUR - Acc Number of shares |  | 137,028.3253 | 135,164.1763 | 23,624.7902 |
| Net asset value per share | EUR | 94.12 | 114.26 | 110.28 |

Changes in number of shares outstanding from 01/01/22 to 30/06/22
|  | Shares outstanding as |  |  | Shares outstanding as |
| --- | --- | --- | --- | --- |
| at 01/01/22 | Shares issued | Shares redeemed | at 30/06/22 |
| Class A EUR - Acc | 1,345,664.1554 | 141,512.6962 | 181,412.9204 | 1,305,763.9312 |
| Class A EUR - Dist | 63,833.2582 | 2,530.4811 | 10,373.8782 | 55,989.8611 |
| Class A2 EUR - Acc | 61,199.3891 | 4,630.1182 | 4,649.8528 | 61,179.6545 |
| Class A2 EUR - Dist | 184.5013 | 0.0000 | 0.0000 | 184.5013 |
| Class A2 SGDH - Acc | 1,148.1628 | 33.7593 | 11.3778 | 1,170.5443 |
| Class A2 USDH - Acc | 11,513.0804 | 0.0000 | 852.9613 | 10,660.1191 |
| Class A ca EUR - Acc | 483,093.4231 | 59,925.4625 | 538,970.6021 | 4,048.2835 |
| Class A lcl EUR - Acc | 5,151.4903 | 164.5287 | 68.8637 | 5,247.1553 |
| Class E EUR - Acc | 1,260.9168 | 0.0000 | 86.5007 | 1,174.4161 |
| Class F EUR - Acc | 52,973.5068 | 4,240.9538 | 5,094.6927 | 52,119.7679 |
| Class H EUR - Acc | 166,729.5200 | 19,916.2030 | 46,727.3102 | 139,918.4128 |
| Class I EUR - Acc | 1,552,829.6232 | 152,311.0330 | 848,281.2963 | 856,859.3599 |
| Class I USD - Acc | 395,416.5145 | 6,571.5417 | 176,150.8206 | 225,837.2356 |
| Class I2 EUR - Acc | 27,957.5032 | 0.0000 | 0.0000 | 27,957.5032 |
| Class I uk GBP - Acc | 41,847.3067 | 7,127.3829 | 9,538.7874 | 39,435.9022 |
| Class M2 EUR - Acc | 1,733.7921 | 0.0000 | 1,650.3120 | 83.4801 |
| Class O EUR - Acc | 474.1514 | 65.5641 | 264.4755 | 275.2400 |
| Class R EUR - Acc | 472,150.7004 | 99,883.9330 | 135,307.4363 | 436,727.1971 |
| Class R2 EUR - Acc | 29.5051 | 0.0000 | 0.0000 | 29.5051 |
| Class RE EUR - Acc | 20.0000 | 0.0000 | 0.0000 | 20.0000 |
| Class T2 EUR - Acc | 115,200.0000 | 2,250.0000 | 2,550.0000 | 114,900.0000 |
| Class U EUR - Acc | 135,164.1763 | 17,231.4550 | 15,367.3060 | 137,028.3253 |

| Securities portfolio as at 30/06/22 |  |
| --- | --- |
| Denomination | Currency | Quantity | Market (in EUR) | % of net assets |
| Transferable securities admitted to an official stock exchange listing |  |  |  |  |
| and/or dealt in on another regulated market |  |  | 305,551,987.66 | 86.67 |
| Shares |  |  | 305,551,987.66 | 86.67 |
| Australia |  |  | 13,937,261.49 | 3.95 |
| CHARTER HALL SOCIAL - REGISTERED SHS | AUD | 2,823,114 | 6,276,268.83 | 1.78 |
| IDP EDUCATION | AUD | 270,860 | 4,243,684.15 | 1.20 |
| SEEK LTD | AUD | 247,405 | 3,417,308.51 | 0.97 |
| Belgium |  |  | 4,988,160.60 | 1.41 |
| XIOR STUDENT HOUSING N V | EUR | 120,052 | 4,988,160.60 | 1.41 |
| Brazil |  |  | 7,798,049.81 | 2.21 |
| ANIMA | BRL | 2,745,700 | 1,958,649.39 | 0.56 |
| COGNA EDUCACAO - REGISTERED SHS | BRL | 7,021,200 | 2,748,299.94 | 0.78 |
| YDUQS PARTICIPACOES - REGISTERED SHS | BRL | 1,293,000 | 3,091,100.48 | 0.88 |
| Canada |  |  | 12,967,964.30 | 3.68 |
| D2L --- REGISTERED SHS | CAD | 89,900 | 485,315.34 | 0.14 |
| DOCEBO --- REGISTERED SHS | CAD | 100 | 2,741.46 | 0.00 |
| THINKIFIC LABS INC | CAD | 99,984 | 128,265.41 | 0.04 |
| THOMSON REUTERS CORP | USD | 123,916 | 12,351,642.09 | 3.50 |
| Cayman Islands |  |  | 15,538,211.65 | 4.41 |
| AFYA - REGISTERED SHS -A- | USD | 458,934 | 4,367,873.45 | 1.24 |
| ARCO PLATFORM LIMITED | USD | 369,127 | 5,271,477.46 | 1.50 |
| NETDRAGON WEBSOFT INC | HKD | 2,457,000 | 5,055,604.86 | 1.43 |
| VASTA PLATFORM | USD | 184,818 | 843,255.88 | 0.24 |
| Finland |  |  | 4,366,217.10 | 1.24 |
| SANOMA CORP | EUR | 328,287 | 4,366,217.10 | 1.24 |
| France |  |  | 16,470,185.32 | 4.67 |
| CIE GENERALE DES ETABLISSEMENTS MICHELIN | EUR | 124,444 | 3,232,432.90 | 0.92 |
| L'OREAL SA | EUR | 17,384 | 5,724,551.20 | 1.62 |
| SODEXO SA | EUR | 112,037 | 7,513,201.22 | 2.13 |
| Hong Kong |  |  | 3,606,816.52 | 1.02 |
| CHINA EDUCATION GROUP HOLDINGS | HKD | 3,813,000 | 3,606,816.52 | 1.02 |
| Italy |  |  | 4,587,423.00 | 1.30 |
| INTESA SANPAOLO | EUR | 1,439,074 | 2,561,551.72 | 0.73 |
| MONCLER SPA | EUR | 49,496 | 2,025,871.28 | 0.57 |
| Japan |  |  | 12,634,823.08 | 3.58 |
| BENESSE HOLDINGS INC | JPY | 313,400 | 4,847,859.58 | 1.38 |
| RECRUIT HOLDINGS CO LTD | JPY | 188,700 | 5,307,740.32 | 1.51 |
| TECHNOPRO HOLDINGS INC | JPY | 129,600 | 2,479,223.18 | 0.70 |
| Netherlands |  |  | 18,114,917.69 | 5.14 |
| KONINKLIJKE KPN NV | EUR | 1,611,647 | 5,481,211.45 | 1.55 |
| RANDSTAD BR | EUR | 60,080 | 2,775,696.00 | 0.79 |
| WOLTERS KLUWER NV | EUR | 106,504 | 9,858,010.24 | 2.80 |
| Norway |  |  | 1,122,593.10 | 0.32 |
| KAHOOT - REGISTERED SHS | NOK | 646,861 | 1,122,593.10 | 0.32 |
| Sweden |  |  | 2,752,124.67 | 0.78 |
| ACADEMEDIA AB | SEK | 646,861 | 2,752,124.67 | 0.78 |
| Switzerland |  |  | 907,276.37 | 0.26 |
| ADECCO REG.SHS | CHF | 27,993 | 907,276.37 | 0.26 |
| United Kingdom |  |  | 65,758,604.33 | 18.65 |
| COMPASS GROUP | GBP | 544,688 | 10,630,527.87 | 3.02 |
| EMPIRIC STUDENT | GBP | 3,785,364 | 3,781,846.00 | 1.07 |
| HAYS | GBP | 1,597,038 | 2,070,509.30 | 0.59 |
| INFORMA PLC | GBP | 1,574,673 | 9,673,409.41 | 2.74 |
| LEARNING TECHNOLOGIES GROUP PLC | GBP | 3,606,056 | 4,700,272.81 | 1.33 |

| Securities portfolio as at 30/06/22 |  |
| --- | --- |
| Denomination | Currency | Quantity | Market (in EUR) | % of net assets |
| LLOYDS BANKING GROUP PLC | GBP | 4,464,994 | 2,194,631.69 | 0.62 |
| NATIONAL EXPRESS GROUP PLC | GBP | 1,900,000 | 4,290,892.19 | 1.22 |
| PEARSON PLC | GBP | 277,226 | 2,414,777.57 | 0.68 |
| RELX PLC | GBP | 397,358 | 10,275,544.93 | 2.91 |
| UNITE GROUP PLC | GBP | 755,509 | 9,338,540.61 | 2.65 |
| WATKIN JONES PLC | GBP | 2,499,314 | 6,387,651.95 | 1.81 |
| United States of America |  |  | 120,001,358.63 | 34.04 |
| AMERICAN CAMPUS COMMUNITIES INC | USD | 62,621 | 3,861,663.27 | 1.10 |
| AMN HEALTHCARE SERVICES | USD | 28,000 | 2,938,332.78 | 0.83 |
| ARAMARK HOLDING CORP | USD | 284,201 | 8,326,631.24 | 2.36 |
| ASGN -REGISTERED SHS | USD | 50,303 | 4,342,480.03 | 1.23 |
| BRIGHT HORIZONS FAMILY SOLUTION | USD | 77,533 | 6,268,199.49 | 1.78 |
| CHEGG INC | USD | 131,222 | 2,357,213.79 | 0.67 |
| COURSERA INC | USD | 204,539 | 2,774,272.34 | 0.79 |
| FLYWIRE CORP | USD | 141,420 | 2,384,843.47 | 0.68 |
| IBM CORP | USD | 45,586 | 6,156,475.53 | 1.75 |
| INSTRCTURE HLDG --- REGISTERED SHS | USD | 276,906 | 6,012,498.16 | 1.71 |
| JAMF HOLDING --- REGISTERED SHS | USD | 146,775 | 3,477,561.57 | 0.99 |
| J WILEY AND SONS INC -A- | USD | 88,396 | 4,038,254.30 | 1.15 |
| KNOWBE4 --- REGISTERED SHS -A- | USD | 218,322 | 3,261,934.71 | 0.93 |
| LAUREATE EDUCATION - REGISTERED -A- | USD | 348,188 | 3,853,398.21 | 1.09 |
| MANPOWERGROUP INC | USD | 23,538 | 1,720,348.73 | 0.49 |
| MICRON TECHNOLOGY INC | USD | 25,026 | 1,323,293.59 | 0.38 |
| MICROSOFT CORP | USD | 52,069 | 12,791,507.26 | 3.63 |
| NELNET INC -A- | USD | 30,000 | 2,446,314.98 | 0.69 |
| NEW YORK TIMES -A- | USD | 152,574 | 4,071,753.41 | 1.15 |
| PAYCOM SOFTWARE INC | USD | 19,869 | 5,323,740.28 | 1.51 |
| POWERSCHOOL HOLDINGS INC | USD | 297,270 | 3,426,374.76 | 0.97 |
| S&P GLOBAL INC | USD | 31,332 | 10,101,484.99 | 2.87 |
| SLM | USD | 286,435 | 4,367,280.98 | 1.24 |
| STRIDE - REGISTERED SHS | USD | 100,000 | 3,901,669.14 | 1.11 |
| TEGNA | USD | 57,295 | 1,149,243.05 | 0.33 |
| WARNER BROS DISCOVERY INC | USD | 137,557 | 1,765,761.10 | 0.50 |
| WORKDAY INC -A- | USD | 26,042 | 3,476,916.50 | 0.99 |
| ZIPRECRUITER | USD | 287,951 | 4,081,910.97 | 1.16 |
| Undertakings for Collective Investment |  |  | 28,688,019.80 | 8.14 |
| Shares/Units in investment funds |  |  | 28,688,019.80 | 8.14 |
| France |  |  | 28,688,019.80 | 8.14 |
| CPR CASH -P- CAP | EUR | 383 | 8,418,569.80 | 2.39 |
| CPR MONETAIRE SR FCP -I- CAP | EUR | 1,000 | 20,269,450.00 | 5.75 |
| Total securities portfolio |  |  | 334,240,007.46 | 94.81 |

Translation (ENFR, 2022-06-30):
# CPR Invest - Education
| Etat des actifs nets au 30/06/22 |  |
| --- | --- |
|  | Exprimé en EUR |
| Actifs | 356.146.551,02 |
| Portefeuille-titres à la valeur d'évaluation | 334.240.007,46 |
| Prix de revient | 369.861.118,96 |
| Avoirs en banque et liquidités | 19.824.426,16 |
| A recevoir sur investissements vendus | 975.281,77 |
| A recevoir sur souscriptions | 116.796,29 |
| Plus-value nette non réalisée sur contrats de change à terme | 555.468,84 |
| Dividendes à recevoir sur portefeuille-titres | 417.169,44 |
| Autres intérêts à recevoir | 17.401,06 |
| Passifs | 3.606.807,10 |
| Découvert bancaire | 488.433,92 |
| Collatéral à payer | 260.000,00 |
| A payer sur rachats | 180.937,63 |
| Moins-value nette non réalisée sur contrats futures | 954.812,44 |
| Commissions de gestion, de conseil et de la Société de Gestion à payer | 311.229,85 |
| Commissions d'administration à payer | 1.301.627,72 |
| Commissions de performance à payer | 28.026,37 |
| Autres intérêts à payer | 4.106,18 |
| Autres passifs | 77.632,99 |
| Valeur nette d'inventaire | 352.539.743,92 |

| Statistiques |  |
| --- | --- |
|  |  | 30/06/22 | 31/12/21 | 31/12/20 |
| Total des actifs nets | EUR | 352.539.743,92 | 614.481.222,34 | 549.632.943,84 |
| Class A EUR - Acc Nombre d'actions |  | 1.305.763,9312 | 1.345.664,1554 | 1.750.240,9584 |
| Valeur nette d'inventaire par action | EUR | 93,74 | 113,37 | 108,54 |
| Class A EUR - Dist Nombre d'actions |  | 55.989,8611 | 63.833,2582 | 57.470,3177 |
| Valeur nette d'inventaire par action | EUR | 88,79 | 107,39 | 102,81 |
| Class A2 EUR - Acc Nombre d'actions |  | 61.179,6545 | 61.199,3891 | 10.995,8160 |
| Valeur nette d'inventaire par action | EUR | 85,84 | 103,98 | 99,85 |
| Class A2 EUR - Dist Nombre d'actions |  | 184,5013 | 184,5013 | 184,5013 |
| Valeur nette d'inventaire par action | EUR | 85,89 | 104,04 | 99,89 |
| Class A2 SGDH - Acc Nombre d'actions |  | 1.170,5443 | 1.148,1628 | 554,0102 |
| Valeur nette d'inventaire par action | SGD | 91,73 | 110,28 | 105,28 |
| Class A2 USDH - Acc Nombre d'actions |  | 10.660,1191 | 11.513,0804 | 9.699,2546 |
| Valeur nette d'inventaire par action | USD | 93,17 | 111,81 | 106,57 |
| Class A ca EUR - Acc Nombre d'actions |  | 4.048,2835 | 483.093,4231 | 329.174,8593 |
| Valeur nette d'inventaire par action | EUR | 94,89 | 114,58 | 109,69 |
| Class A lcl EUR - Acc Nombre d'actions |  | 5.247,1553 | 5.151,4903 | 1.634,7848 |
| Valeur nette d'inventaire par action | EUR | 89,88 | 108,70 | 104,10 |
| Class E EUR - Acc Nombre d'actions |  | 1.174,4161 | 1.260,9168 | 2.749,9204 |
| Valeur nette d'inventaire par action | EUR | 98,19 | 118,05 | 111,68 |
| Class F EUR - Acc Nombre d'actions |  | 52.119,7679 | 52.973,5068 | 32.744,0764 |
| Valeur nette d'inventaire par action | EUR | 93,52 | 113,67 | 109,92 |
| Class H EUR - Acc Nombre d'actions |  | 139.918,4128 | 166.729,5200 | 196.363,6246 |
| Valeur nette d'inventaire par action | EUR | 89,19 | 107,18 | 101,28 |
| Class I EUR - Acc Nombre d'actions |  | 856.859,3599 | 1.552.829,6232 | 1.439.560,3371 |
| Valeur nette d'inventaire par action | EUR | 96,25 | 115,95 | 110,14 |
| Class I USD - Acc Nombre d'actions |  | 225.837,2356 | 395.416,5145 | 233.254,2093 |
| Valeur nette d'inventaire par action | USD | 86,84 | 113,80 | 116,37 |
| Class I2 EUR - Acc Nombre d'actions |  | 27.957,5032 | 27.957,5032 | 19,5032 |
| Valeur nette d'inventaire par action | EUR | 87,85 | 105,99 | 100,95 |
| Class I uk GBP - Acc Nombre d'actions |  | 39.435,9022 | 41.847,3067 | 72.900,7660 |
| Valeur nette d'inventaire par action | GBP | 87,81 | 103,07 | 104,15 |
| Class M2 EUR - Acc Nombre d'actions |  | 83,4801 | 1.733,7921 | 20,6199 |
| Valeur nette d'inventaire par action | EUR | 98,21 | 118,39 | 112,60 |
| Class O EUR - Acc Nombre d'actions |  | 275,2400 | 474,1514 | 449,9710 |
| Valeur nette d'inventaire par action | EUR | 99.812,19 | 119.791,72 | 112.922,90 |

Statistiques
| Class R EUR - Acc Nombre d'actions |  | 436.727,1971 | 472.150,7004 | 246.700,0291 |
| --- | --- | --- | --- | --- |
| Valeur nette d'inventaire par action | EUR | 95,76 | 115,44 | 109,92 |
| Class R2 EUR - Acc Nombre d'actions |  | 29,5051 | 29,5051 | 29,5051 |
| Valeur nette d'inventaire par action | EUR | 87,45 | 105,59 | 100,72 |
| Class RE EUR - Acc Nombre d'actions |  | 20,0000 | 20,0000 | 20,0000 |
| Valeur nette d'inventaire par action | EUR | 92,43 | 111,44 | 106,05 |
| Class T2 EUR - Acc Nombre d'actions |  | 114.900,0000 | 115.200,0000 | 207.332,0000 |
| Valeur nette d'inventaire par action | EUR | 92,60 | 111,47 | 105,71 |
| Class U EUR - Acc Nombre d'actions |  | 137.028,3253 | 135.164,1763 | 23.624,7902 |
| Valeur nette d'inventaire par action | EUR | 94,12 | 114,26 | 110,28 |

Changement dans le nombre d'actions en circulation du 01/01/22 au 30/06/22
|  | Nombre d'actions au | Nombre d'actions | Nombre d'actions | Nombre d'actions au |
| --- | --- | --- | --- | --- |
| 01/01/22 | émises | rachetées | 30/06/22 |
| Class A EUR - Acc | 1.345.664,1554 | 141.512,6962 | 181.412,9204 | 1.305.763,9312 |
| Class A EUR - Dist | 63.833,2582 | 2.530,4811 | 10.373,8782 | 55.989,8611 |
| Class A2 EUR - Acc | 61.199,3891 | 4.630,1182 | 4.649,8528 | 61.179,6545 |
| Class A2 EUR - Dist | 184,5013 | 0,0000 | 0,0000 | 184,5013 |
| Class A2 SGDH - Acc | 1.148,1628 | 33,7593 | 11,3778 | 1.170,5443 |
| Class A2 USDH - Acc | 11.513,0804 | 0,0000 | 852,9613 | 10.660,1191 |
| Class A ca EUR - Acc | 483.093,4231 | 59.925,4625 | 538.970,6021 | 4.048,2835 |
| Class A lcl EUR - Acc | 5.151,4903 | 164,5287 | 68,8637 | 5.247,1553 |
| Class E EUR - Acc | 1.260,9168 | 0,0000 | 86,5007 | 1.174,4161 |
| Class F EUR - Acc | 52.973,5068 | 4.240,9538 | 5.094,6927 | 52.119,7679 |
| Class H EUR - Acc | 166.729,5200 | 19.916,2030 | 46.727,3102 | 139.918,4128 |
| Class I EUR - Acc | 1.552.829,6232 | 152.311,0330 | 848.281,2963 | 856.859,3599 |
| Class I USD - Acc | 395.416,5145 | 6.571,5417 | 176.150,8206 | 225.837,2356 |
| Class I2 EUR - Acc | 27.957,5032 | 0,0000 | 0,0000 | 27.957,5032 |
| Class I uk GBP - Acc | 41.847,3067 | 7.127,3829 | 9.538,7874 | 39.435,9022 |
| Class M2 EUR - Acc | 1.733,7921 | 0,0000 | 1.650,3120 | 83,4801 |
| Class O EUR - Acc | 474,1514 | 65,5641 | 264,4755 | 275,2400 |
| Class R EUR - Acc | 472.150,7004 | 99.883,9330 | 135.307,4363 | 436.727,1971 |
| Class R2 EUR - Acc | 29,5051 | 0,0000 | 0,0000 | 29,5051 |
| Class RE EUR - Acc | 20,0000 | 0,0000 | 0,0000 | 20,0000 |
| Class T2 EUR - Acc | 115.200,0000 | 2.250,0000 | 2.550,0000 | 114.900,0000 |
| Class U EUR - Acc | 135.164,1763 | 17.231,4550 | 15.367,3060 | 137.028,3253 |

Portefeuille-titres au 30/06/22
Valeur d'évaluation	% actifs
| Description | Devise | Quantité | (en EUR) | nets |
| --- | --- | --- | --- | --- |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou traitées sur un autre marché réglementé |  |  | 305.551.987,66 | 86,67 |
| Actions |  |  | 305.551.987,66 | 86,67 |
| Australie |  |  | 13.937.261,49 | 3,95 |
| CHARTER HALL SOCIAL - REGISTERED SHS | AUD | 2.823.114 | 6.276.268,83 | 1,78 |
| IDP EDUCATION | AUD | 270.860 | 4.243.684,15 | 1,20 |
| SEEK LTD | AUD | 247.405 | 3.417.308,51 | 0,97 |
| Belgique |  |  | 4.988.160,60 | 1,41 |
| XIOR STUDENT HOUSING N V | EUR | 120.052 | 4.988.160,60 | 1,41 |
| Brésil |  |  | 7.798.049,81 | 2,21 |
| ANIMA | BRL | 2.745.700 | 1.958.649,39 | 0,56 |
| COGNA EDUCACAO - REGISTERED SHS | BRL | 7.021.200 | 2.748.299,94 | 0,78 |
| YDUQS PARTICIPACOES - REGISTERED SHS | BRL | 1.293.000 | 3.091.100,48 | 0,88 |
| Canada |  |  | 12.967.964,30 | 3,68 |
| D2L --- REGISTERED SHS | CAD | 89.900 | 485.315,34 | 0,14 |
| DOCEBO --- REGISTERED SHS | CAD | 100 | 2.741,46 | 0,00 |
| THINKIFIC LABS INC | CAD | 99.984 | 128.265,41 | 0,04 |
| THOMSON REUTERS CORP | USD | 123.916 | 12.351.642,09 | 3,50 |
| États-Unis |  |  | 120.001.358,63 | 34,04 |
| AMERICAN CAMPUS COMMUNITIES INC | USD | 62.621 | 3.861.663,27 | 1,10 |
| AMN HEALTHCARE SERVICES | USD | 28.000 | 2.938.332,78 | 0,83 |
| ARAMARK HOLDING CORP | USD | 284.201 | 8.326.631,24 | 2,36 |
| ASGN -REGISTERED SHS | USD | 50.303 | 4.342.480,03 | 1,23 |
| BRIGHT HORIZONS FAMILY SOLUTION | USD | 77.533 | 6.268.199,49 | 1,78 |
| CHEGG INC | USD | 131.222 | 2.357.213,79 | 0,67 |
| COURSERA INC | USD | 204.539 | 2.774.272,34 | 0,79 |
| FLYWIRE CORP | USD | 141.420 | 2.384.843,47 | 0,68 |
| IBM CORP | USD | 45.586 | 6.156.475,53 | 1,75 |
| INSTRCTURE HLDG --- REGISTERED SHS | USD | 276.906 | 6.012.498,16 | 1,71 |
| JAMF HOLDING --- REGISTERED SHS | USD | 146.775 | 3.477.561,57 | 0,99 |
| J WILEY AND SONS INC -A- | USD | 88.396 | 4.038.254,30 | 1,15 |
| KNOWBE4 --- REGISTERED SHS -A- | USD | 218.322 | 3.261.934,71 | 0,93 |
| LAUREATE EDUCATION - REGISTERED -A- | USD | 348.188 | 3.853.398,21 | 1,09 |
| MANPOWERGROUP INC | USD | 23.538 | 1.720.348,73 | 0,49 |
| MICRON TECHNOLOGY INC | USD | 25.026 | 1.323.293,59 | 0,38 |
| MICROSOFT CORP | USD | 52.069 | 12.791.507,26 | 3,63 |
| NELNET INC -A- | USD | 30.000 | 2.446.314,98 | 0,69 |
| NEW YORK TIMES -A- | USD | 152.574 | 4.071.753,41 | 1,15 |
| PAYCOM SOFTWARE INC | USD | 19.869 | 5.323.740,28 | 1,51 |
| POWERSCHOOL HOLDINGS INC | USD | 297.270 | 3.426.374,76 | 0,97 |
| S&P GLOBAL INC | USD | 31.332 | 10.101.484,99 | 2,87 |
| SLM | USD | 286.435 | 4.367.280,98 | 1,24 |
| STRIDE - REGISTERED SHS | USD | 100.000 | 3.901.669,14 | 1,11 |
| TEGNA | USD | 57.295 | 1.149.243,05 | 0,33 |
| WARNER BROS DISCOVERY INC | USD | 137.557 | 1.765.761,10 | 0,50 |
| WORKDAY INC -A- | USD | 26.042 | 3.476.916,50 | 0,99 |
| ZIPRECRUITER | USD | 287.951 | 4.081.910,97 | 1,16 |
| Finlande |  |  | 4.366.217,10 | 1,24 |
| SANOMA CORP | EUR | 328.287 | 4.366.217,10 | 1,24 |
| France |  |  | 16.470.185,32 | 4,67 |
| CIE GENERALE DES ETABLISSEMENTS MICHELIN | EUR | 124.444 | 3.232.432,90 | 0,92 |
| L'OREAL SA | EUR | 17.384 | 5.724.551,20 | 1,62 |
| SODEXO SA | EUR | 112.037 | 7.513.201,22 | 2,13 |
| Hong-Kong |  |  | 3.606.816,52 | 1,02 |
| CHINA EDUCATION GROUP HOLDINGS | HKD | 3.813.000 | 3.606.816,52 | 1,02 |
| Iles Caïmans |  |  | 15.538.211,65 | 4,41 |
| AFYA - REGISTERED SHS -A- | USD | 458.934 | 4.367.873,45 | 1,24 |


### Portefeuille-titres au 30/06/22
| Description | Devise | Quantité | (en EUR) | nets |
| --- | --- | --- | --- | --- |
| ARCO PLATFORM LIMITED | USD | 369.127 | 5.271.477,46 | 1,50 |
| NETDRAGON WEBSOFT INC | HKD | 2.457.000 | 5.055.604,86 | 1,43 |
| VASTA PLATFORM | USD | 184.818 | 843.255,88 | 0,24 |
| Italie |  |  | 4.587.423,00 | 1,30 |
| INTESA SANPAOLO | EUR | 1.439.074 | 2.561.551,72 | 0,73 |
| MONCLER SPA | EUR | 49.496 | 2.025.871,28 | 0,57 |
| Japon |  |  | 12.634.823,08 | 3,58 |
| BENESSE HOLDINGS INC | JPY | 313.400 | 4.847.859,58 | 1,38 |
| RECRUIT HOLDINGS CO LTD | JPY | 188.700 | 5.307.740,32 | 1,51 |
| TECHNOPRO HOLDINGS INC | JPY | 129.600 | 2.479.223,18 | 0,70 |
| Norvège |  |  | 1.122.593,10 | 0,32 |
| KAHOOT - REGISTERED SHS | NOK | 646.861 | 1.122.593,10 | 0,32 |
| Pays-Bas |  |  | 18.114.917,69 | 5,14 |
| KONINKLIJKE KPN NV | EUR | 1.611.647 | 5.481.211,45 | 1,55 |
| RANDSTAD BR | EUR | 60.080 | 2.775.696,00 | 0,79 |
| WOLTERS KLUWER NV | EUR | 106.504 | 9.858.010,24 | 2,80 |
| Royaume-Uni |  |  | 65.758.604,33 | 18,65 |
| COMPASS GROUP | GBP | 544.688 | 10.630.527,87 | 3,02 |
| EMPIRIC STUDENT | GBP | 3.785.364 | 3.781.846,00 | 1,07 |
| HAYS | GBP | 1.597.038 | 2.070.509,30 | 0,59 |
| INFORMA PLC | GBP | 1.574.673 | 9.673.409,41 | 2,74 |
| LEARNING TECHNOLOGIES GROUP PLC | GBP | 3.606.056 | 4.700.272,81 | 1,33 |
| LLOYDS BANKING GROUP PLC | GBP | 4.464.994 | 2.194.631,69 | 0,62 |
| NATIONAL EXPRESS GROUP PLC | GBP | 1.900.000 | 4.290.892,19 | 1,22 |
| PEARSON PLC | GBP | 277.226 | 2.414.777,57 | 0,68 |
| RELX PLC | GBP | 397.358 | 10.275.544,93 | 2,91 |
| UNITE GROUP PLC | GBP | 755.509 | 9.338.540,61 | 2,65 |
| WATKIN JONES PLC | GBP | 2.499.314 | 6.387.651,95 | 1,81 |
| Suède |  |  | 2.752.124,67 | 0,78 |
| ACADEMEDIA AB | SEK | 646.861 | 2.752.124,67 | 0,78 |
| Suisse |  |  | 907.276,37 | 0,26 |
| ADECCO REG.SHS | CHF | 27.993 | 907.276,37 | 0,26 |
| Organismes de placement collectif |  |  | 28.688.019,80 | 8,14 |
| Actions/Parts de fonds d'investissements |  |  | 28.688.019,80 | 8,14 |
| France |  |  | 28.688.019,80 | 8,14 |
| CPR CASH -P- CAP | EUR | 383 | 8.418.569,80 | 2,39 |
| CPR MONETAIRE SR FCP -I- CAP | EUR | 1.000 | 20.269.450,00 | 5,75 |
| Total du portefeuille-titres |  |  | 334.240.007,46 | 94,81 |

Valeur d'évaluation	% actifs