# PORTFOLIO BREAKDOWN
#### SECTOR BREAKDOWN *

#### GEOGRAPHICAL BREAKDOWN

#### BREAKDOWN BY CURRENCY *
Consumer discretionary
Industrials
Information Technology
Communication
Services Real estate
Financials
Health care
Consumer staples
Energy Utilities Materials
North America
Europe ex-EMU
EMU
Emerging countries
Japan
Asia ex-Japan
Others
USD
EUR
JPY
GBP
CAD
HKD
CHF
BRL
Others
0 %	10 %	20 %	30 %
-25 %	0 %
25 %	50 %  75 %
* % of assets
Portfolio  Benchmark
0 %	25 %	50 %	75 %
Portfolio  Benchmark
Portfolio  Benchmark
* As a percentage of the assets - including currency hedging

## ANALYSIS RATIOS
Issuer number (excluding cash)72
Cash as % of total assets	9.22%
Average market Cap (Bn €)
% Mid Caps + Small Caps
% Large Caps
Per 12 Month forward Price to Book
Price to Cash Flow Dividend Yield (%)
Annualized EPS Growth (n/n+2) (%) Annualized Revenue Growth (n/n+2) (%)
| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  |  |  |  |
|  | Sector | Weight | Spread / Index |
| MICROSOFT CORP | Information Technology | 3.29% | -0.06% |
| THOMSON REUTERS CORP (NYSE) | Industrials | 2.86% | 2.84% |
| RELX PLC | Industrials | 2.61% | 2.52% |
| UNITE GROUP | Real estate | 2.46% | 2.46% |
| IHS MARKIT LTD | Industrials | 2.41% | 2.35% |
| WOLTERS KLUWER | Industrials | 2.37% | 2.33% |
| COMPASS GROUP PLC - NEW | Consumer discretionary | 2.34% | 2.28% |
| INFORMA PLC | Communication Services | 2.09% | 2.08% |
| AMERICAN CAMPUS CMT | Real estate | 2.02% | 2.02% |
| RECRUIT HOLDINGS CO LTD | Industrials | 1.94% | 1.85% |
| Excluding mutual funds |  |  |  |

Translation (ENFR, 2022-01-31):
# COMPOSITION DU PORTEFEUILLE
#### REPARTITION SECTORIELLE *

#### RÉPARTITION GÉOGRAPHIQUE

#### EXPOSITION PAR DEVISE *
Conso cyclique
Industrie Technologies de
l'info.
Services de communication
Immobilier
Finance
Santé
Conso non cyclique
Énergie Services publics
Matériaux
0 %	10 %	20 %  30 %
Amérique du
nord
Europe ex-EMU
Zone Euro
Pays émergents
Japon
Asie hors-Japon
Autres
USD
EUR
JPY
GBP
CAD
HKD
CHF
BRL
Autres
-25 %	0 %
25 %	50 %  75 %
Portefeuille Indice
0 %	25 %	50 %  75 %
|  |
| --- |
|  |
| * En pourcentage de l'actif |  |  |  |  | * En pourcentage de l’actif – avec couverture de change |  |
| RATIOS D'ANALYSE |  |  |  |  | Nombre d'émetteurs (hors liquidités) | 72 |
|  |  |  |  |  | Liquidités en % de l'actif | 9,22% |
|  |  |  | Portefeuille | Indice |  |  |
| Cap. boursière moy. (Mds €) |  |  | 95,48 | 357,10 |  |  |
| % Moyenne + Petite capitalisation |  |  | 75,05 | 28,17 |  |  |
| % Grande capitalisation |  |  | 24,95 | 71,83 |  |  |
| PER annuel anticipé |  |  | 19,80 | 16,89 |  |  |
| Prix sur actif net |  |  | 2,42 | 2,82 |  |  |
| Prix sur cashflow |  |  | 14,47 | 13,30 |  |  |
| Taux de rendement (en %) |  |  | 1,97 | 1,99 |  |  |
| Croissance BPA annualisé (n/n+2) (en %) |  |  | 14,55 | 12,29 |  |  |
| Croissance CA annualisé (n/n+2) (en %) |  |  | 9,97 | 7,84 |  |  |
| PRINCIPALES LIGNES EN PORTEFEUILLE |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  | Secteur |  | Poids (PTF) | Ecart / Indice |  |  |
| MICROSOFT CORP | Technologies de l'info. |  | 3,29% | -0,06% |  |  |
| THOMSON REUTERS CORP (NYSE) | Industrie |  | 2,86% | 2,84% |  |  |
| RELX PLC | Industrie |  | 2,61% | 2,52% |  |  |
| UNITE GROUP | Immobilier |  | 2,46% | 2,46% |  |  |
| IHS MARKIT LTD | Industrie |  | 2,41% | 2,35% |  |  |
| WOLTERS KLUWER | Industrie |  | 2,37% | 2,33% |  |  |
| COMPASS GROUP PLC - NEW | Conso cyclique |  | 2,34% | 2,28% |  |  |
| INFORMA PLC | Services de communication |  | 2,09% | 2,08% |  |  |
| AMERICAN CAMPUS CMT | Immobilier |  | 2,02% | 2,02% |  |  |
| RECRUIT HOLDINGS CO LTD | Industrie |  | 1,94% | 1,85% |  |  |
| Hors OPC |  |  |  |  |  |  |

Portefeuille Indice
Portefeuille Indice