# Candriam Sustainable Equity Climate Action
| Investment portfolio as at December 31, 2020 |  |
| --- | --- |
| Description | Quantity | Currency | Market value | % net |
|  |  |  | (in USD) | assets |
| Transferable securities admitted to an official stock exchange listing or dealt in another regulated market |  |  | 995,165,080 | 97.62 |
| Shares |  |  | 995,165,080 | 97.62 |
| ADVANCED DRAINAGE | 227,813 | USD | 19,040,611 | 1.87 |
| AIR LIQUIDE SA | 102,768 | EUR | 16,880,835 | 1.66 |
| AIR PRODUCTS & CHEMICALS INC | 66,278 | USD | 18,108,475 | 1.78 |
| AMERCIAN WATER WORKS CO INC | 114,919 | USD | 17,636,619 | 1.73 |
| AMERESCO INC | 207,860 | USD | 10,858,606 | 1.06 |
| ANSYS INC | 40,441 | USD | 14,712,436 | 1.44 |
| APTIV PLC | 114,156 | USD | 14,873,385 | 1.46 |
| ASML HOLDING NV | 41,065 | EUR | 19,974,932 | 1.96 |
| AUTODESK INC | 48,164 | USD | 14,706,396 | 1.44 |
| BALL CORP | 199,925 | USD | 18,629,012 | 1.83 |
| BLOOM ENERGY | 361,346 | USD | 10,356,176 | 1.02 |
| BORALEX INC -A- | 269,920 | CAD | 10,008,668 | 0.98 |
| CADENCE DESIGN SYSTEMS INC | 101,418 | USD | 13,836,458 | 1.36 |
| CAPITAL STAGE AG | 417,749 | EUR | 10,912,770 | 1.07 |
| CERES POWER HOLDINGS PLC | 916,399 | GBP | 16,535,171 | 1.62 |
| CHRISTIAN HANSEN | 89,817 | DKK | 9,248,211 | 0.91 |
| CITRIX SYSTEMS | 35,380 | USD | 4,602,938 | 0.45 |
| CONTEMPORARY AMPEREX TECHN-A | 364,563 | CNY | 19,572,658 | 1.92 |
| CORBION | 170,436 | EUR | 9,623,981 | 0.94 |
| DAIKIN INDUSTRIES LTD | 67,200 | JPY | 14,918,143 | 1.46 |
| DANAHER CORP | 104,682 | USD | 23,254,060 | 2.28 |
| DASSAULT SYSTEMES SA | 61,064 | EUR | 12,413,874 | 1.22 |
| DSM KONINKLIJKE | 108,058 | EUR | 18,615,783 | 1.83 |
| ECOLAB INC | 49,588 | USD | 10,728,860 | 1.05 |
| ENPHASE ENERGY --- REGISTERED SHS | 103,457 | USD | 18,153,600 | 1.78 |
| EQUINIX INC | 25,492 | USD | 18,205,877 | 1.79 |
| HANNON ARMSTRONG SUSTAINABLE INFRA. | 204,882 | USD | 12,995,665 | 1.27 |
| HEXAGON -B- | 140,335 | SEK | 12,812,442 | 1.26 |
| IBERDROLA SA | 1,014,914 | EUR | 14,529,037 | 1.42 |
| INFINEON TECHNOLOGIES REG SHS | 389,697 | EUR | 14,967,184 | 1.47 |
| ITM POWER PLC | 654,109 | GBP | 4,613,707 | 0.45 |
| KINGSPAN GROUP | 135,424 | EUR | 9,511,067 | 0.93 |
| LONGI GREEN ENE - REGISTERED SHS -A- | 1,252,721 | CNY | 17,661,163 | 1.73 |
| MICROSOFT CORP | 129,665 | USD | 28,840,089 | 2.83 |
| MIURA CORP. | 128,500 | JPY | 7,168,965 | 0.70 |
| NEL ASA | 3,552,804 | NOK | 12,016,999 | 1.18 |
| NESTE | 212,773 | EUR | 15,401,620 | 1.51 |
| NEXTERA ENERGY PARTNERS LP | 147,187 | USD | 9,868,888 | 0.97 |
| NIBE INDUSTRIER -B- | 235,236 | SEK | 7,725,120 | 0.76 |
| NIDEC CORP | 177,200 | JPY | 22,277,645 | 2.18 |
| NORTHLAND POWER INC | 397,996 | CAD | 14,267,275 | 1.40 |
| NOVOZYMES -B- | 133,432 | DKK | 7,665,749 | 0.75 |
| ON SEMICONDUCTOR CORP | 392,646 | USD | 12,851,304 | 1.26 |
| ORMAT TECHNOLOGIES | 58,652 | USD | 5,295,103 | 0.52 |
| ORSTED | 76,573 | DKK | 15,651,966 | 1.54 |
| POWERCELL SWEDEN AB | 184,750 | SEK | 7,315,693 | 0.72 |
| POWER INTEGRATIONS INC | 164,235 | USD | 13,444,277 | 1.32 |
| ROCKWELL AUTOMATION | 57,151 | USD | 14,334,042 | 1.41 |
| SCATEC SOLAR ASA | 299,741 | NOK | 11,951,871 | 1.17 |
| SCHNEIDER ELECTRIC SE | 121,616 | EUR | 17,603,425 | 1.73 |
| SOLAREDGE TECHNOLOGIES INC | 39,516 | USD | 12,610,346 | 1.24 |
| SPIRAX-SARCO ENGIN | 60,930 | GBP | 9,407,356 | 0.92 |
| SYNOPSYS | 67,612 | USD | 17,527,735 | 1.72 |
| TEAMVIEWER - BEARER SHS | 278,179 | EUR | 14,918,238 | 1.46 |

Candriam Sustainable Equity Climate Action
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in USD) | % net assets |
| TESLA MOTORS INC | 13,022 | USD | 9,189,235 | 0.90 |
| TETRA TECH INC | 99,571 | USD | 11,528,330 | 1.13 |
| THERMO FISHER SCIEN SHS | 49,547 | USD | 23,078,002 | 2.26 |
| TOMRA SYSTEMS ASA | 312,987 | NOK | 15,448,347 | 1.52 |
| TOPBUILD | 88,931 | USD | 16,370,418 | 1.61 |
| TRANE TECH - REGISTERED SHS | 67,228 | USD | 9,758,817 | 0.96 |
| TREX COMPANY INC | 97,747 | USD | 8,183,379 | 0.80 |
| TRIMBLE | 288,069 | USD | 19,234,367 | 1.89 |
| UMICORE SA | 76,556 | EUR | 3,680,298 | 0.36 |
| UNIVERSAL DISPLAY | 38,511 | USD | 8,849,828 | 0.87 |
| VERBUND AG | 126,290 | EUR | 10,793,371 | 1.06 |
| VERISK ANALYTICS | 59,416 | USD | 12,334,167 | 1.21 |
| VESTAS WIND SYSTEMS AS | 67,427 | DKK | 15,954,858 | 1.56 |
| VMWARE INC -A- | 61,607 | USD | 8,640,998 | 0.85 |
| WASTE CONNECTIONS INC | 98,216 | USD | 10,074,015 | 0.99 |
| WASTE MANAGEMENT | 155,412 | USD | 18,327,737 | 1.80 |
| WUXI LEAD INTELLIGENT EQUIPMENT-A- | 429,993 | CNY | 5,522,338 | 0.54 |
| XINYI SOLAR HOLDINGS LTD | 10,282,159 | HKD | 26,852,871 | 2.63 |
| XYLEM INC | 95,306 | USD | 9,701,198 | 0.95 |
| Total investment portfolio |  |  | 995,165,080 | 97.62 |
| Acquisition cost |  |  | 684,151,208 |  |

Candriam Sustainable Equity Climate Action Geographical and economic breakdown of investments as at December 31, 2020
| Geographical breakdown (in % of net assets) |  |
| --- | --- |
| United States | 51.08 |
| China | 6.83 |
| Denmark | 4.76 |
| Netherlands | 4.73 |
| France | 4.60 |
| Japan | 4.35 |
| Germany | 4.00 |
| Norway | 3.87 |
| United Kingdom | 3.00 |
| Sweden | 2.73 |
| Canada | 2.38 |
| Finland | 1.51 |
| Spain | 1.43 |
| Austria | 1.06 |
| Ireland | 0.93 |
| Belgium | 0.36 |
|  | 97.62 |
| Economic breakdown (in % of net assets) |  |
| Utilities | 18.23 |
| Electronics and semiconductors | 14.94 |
| Internet and Internet services | 13.98 |
| Machine and apparatus construction | 11.78 |
| Electrical engineering and electronics | 8.26 |
| Chemicals | 7.06 |
| Environmental services and recycling | 5.79 |
| Building materials and trade | 3.34 |
| Banks and other financial institutions | 3.27 |
| Real Estate companies | 3.06 |
| Road vehicles | 2.36 |
| Packaging industries | 1.83 |
| Petroleum | 1.51 |
| Foods and non alcoholic drinks | 0.94 |
| Biotechnology | 0.91 |
| Non-ferrous metals | 0.36 |
|  | 97.62 |

Translation (ENFR, 2020-12-31):
# Candriam Sustainable Equity Climate Action
| Portefeuille-titres au 31 décembre 2020 |  |
| --- | --- |
| Dénomination | Quantité | Devise | Valeur d’évaluation | % actifs |
|  |  |  | (en USD) | nets |
| Valeurs mobilières admises à la cote officielle d’une bourse de valeurs ou traitées sur un autre marché réglementé |  |  | 995.165.080 | 97,62 |
| Actions |  |  | 995.165.080 | 97,62 |
| ADVANCED DRAINAGE | 227.813 | USD | 19.040.611 | 1,87 |
| AIR LIQUIDE SA | 102.768 | EUR | 16.880.835 | 1,66 |
| AIR PRODUCTS & CHEMICALS INC | 66.278 | USD | 18.108.475 | 1,78 |
| AMERCIAN WATER WORKS CO INC | 114.919 | USD | 17.636.619 | 1,73 |
| AMERESCO INC | 207.860 | USD | 10.858.606 | 1,06 |
| ANSYS INC | 40.441 | USD | 14.712.436 | 1,44 |
| APTIV PLC | 114.156 | USD | 14.873.385 | 1,46 |
| ASML HOLDING NV | 41.065 | EUR | 19.974.932 | 1,96 |
| AUTODESK INC | 48.164 | USD | 14.706.396 | 1,44 |
| BALL CORP | 199.925 | USD | 18.629.012 | 1,83 |
| BLOOM ENERGY | 361.346 | USD | 10.356.176 | 1,02 |
| BORALEX INC -A- | 269.920 | CAD | 10.008.668 | 0,98 |
| CADENCE DESIGN SYSTEMS INC | 101.418 | USD | 13.836.458 | 1,36 |
| CAPITAL STAGE AG | 417.749 | EUR | 10.912.770 | 1,07 |
| CERES POWER HOLDINGS PLC | 916.399 | GBP | 16.535.171 | 1,62 |
| CHRISTIAN HANSEN | 89.817 | DKK | 9.248.211 | 0,91 |
| CITRIX SYSTEMS | 35.380 | USD | 4.602.938 | 0,45 |
| CONTEMPORARY AMPEREX TECHN-A | 364.563 | CNY | 19.572.658 | 1,92 |
| CORBION | 170.436 | EUR | 9.623.981 | 0,94 |
| DAIKIN INDUSTRIES LTD | 67.200 | JPY | 14.918.143 | 1,46 |
| DANAHER CORP | 104.682 | USD | 23.254.060 | 2,28 |
| DASSAULT SYSTEMES SA | 61.064 | EUR | 12.413.874 | 1,22 |
| DSM KONINKLIJKE | 108.058 | EUR | 18.615.783 | 1,83 |
| ECOLAB INC | 49.588 | USD | 10.728.860 | 1,05 |
| ENPHASE ENERGY --- REGISTERED SHS | 103.457 | USD | 18.153.600 | 1,78 |
| EQUINIX INC | 25.492 | USD | 18.205.877 | 1,79 |
| HANNON ARMSTRONG SUSTAINABLE INFRA, | 204.882 | USD | 12.995.665 | 1,27 |
| HEXAGON -B- | 140.335 | SEK | 12.812.442 | 1,26 |
| IBERDROLA SA | 1.014.914 | EUR | 14.529.037 | 1,42 |
| INFINEON TECHNOLOGIES REG SHS | 389.697 | EUR | 14.967.184 | 1,47 |
| ITM POWER PLC | 654.109 | GBP | 4.613.707 | 0,45 |
| KINGSPAN GROUP | 135.424 | EUR | 9.511.067 | 0,93 |
| LONGI GREEN ENE - REGISTERED SHS -A- | 1.252.721 | CNY | 17.661.163 | 1,73 |
| MICROSOFT CORP | 129.665 | USD | 28.840.089 | 2,83 |
| MIURA CORP, | 128.500 | JPY | 7.168.965 | 0,70 |
| NEL ASA | 3.552.804 | NOK | 12.016.999 | 1,18 |
| NESTE | 212.773 | EUR | 15.401.620 | 1,51 |
| NEXTERA ENERGY PARTNERS LP | 147.187 | USD | 9.868.888 | 0,97 |
| NIBE INDUSTRIER -B- | 235.236 | SEK | 7.725.120 | 0,76 |
| NIDEC CORP | 177.200 | JPY | 22.277.645 | 2,18 |
| NORTHLAND POWER INC | 397.996 | CAD | 14.267.275 | 1,40 |
| NOVOZYMES -B- | 133.432 | DKK | 7.665.749 | 0,75 |
| ON SEMICONDUCTOR CORP | 392.646 | USD | 12.851.304 | 1,26 |
| ORMAT TECHNOLOGIES | 58.652 | USD | 5.295.103 | 0,52 |
| ORSTED | 76.573 | DKK | 15.651.966 | 1,54 |
| POWERCELL SWEDEN AB | 184.750 | SEK | 7.315.693 | 0,72 |
| POWER INTEGRATIONS INC | 164.235 | USD | 13.444.277 | 1,32 |
| ROCKWELL AUTOMATION | 57.151 | USD | 14.334.042 | 1,41 |
| SCATEC SOLAR ASA | 299.741 | NOK | 11.951.871 | 1,17 |
| SCHNEIDER ELECTRIC SE | 121.616 | EUR | 17.603.425 | 1,73 |
| SOLAREDGE TECHNOLOGIES INC | 39.516 | USD | 12.610.346 | 1,24 |
| SPIRAX-SARCO ENGIN | 60.930 | GBP | 9.407.356 | 0,92 |
| SYNOPSYS | 67.612 | USD | 17.527.735 | 1,72 |
| TEAMVIEWER - BEARER SHS | 278.179 | EUR | 14.918.238 | 1,46 |

Candriam Sustainable Equity Climate Action
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d’évaluation (en USD) | % actifs nets |
| TESLA MOTORS INC | 13.022 | USD | 9.189.235 | 0,90 |
| TETRA TECH INC | 99.571 | USD | 11.528.330 | 1,13 |
| THERMO FISHER SCIEN SHS | 49.547 | USD | 23.078.002 | 2,26 |
| TOMRA SYSTEMS ASA | 312.987 | NOK | 15.448.347 | 1,52 |
| TOPBUILD | 88.931 | USD | 16.370.418 | 1,61 |
| TRANE TECH - REGISTERED SHS | 67.228 | USD | 9.758.817 | 0,96 |
| TREX COMPANY INC | 97.747 | USD | 8.183.379 | 0,80 |
| TRIMBLE | 288.069 | USD | 19.234.367 | 1,89 |
| UMICORE SA | 76.556 | EUR | 3.680.298 | 0,36 |
| UNIVERSAL DISPLAY | 38.511 | USD | 8.849.828 | 0,87 |
| VERBUND AG | 126.290 | EUR | 10.793.371 | 1,06 |
| VERISK ANALYTICS | 59.416 | USD | 12.334.167 | 1,21 |
| VESTAS WIND SYSTEMS AS | 67.427 | DKK | 15.954.858 | 1,56 |
| VMWARE INC -A- | 61.607 | USD | 8.640.998 | 0,85 |
| WASTE CONNECTIONS INC | 98.216 | USD | 10.074.015 | 0,99 |
| WASTE MANAGEMENT | 155.412 | USD | 18.327.737 | 1,80 |
| WUXI LEAD INTELLIGENT EQUIPMENT-A- | 429.993 | CNY | 5.522.338 | 0,54 |
| XINYI SOLAR HOLDINGS LTD | 10.282.159 | HKD | 26.852.871 | 2,63 |
| XYLEM INC | 95.306 | USD | 9.701.198 | 0,95 |
| Total du portefeuille-titres |  |  | 995.165.080 | 97,62 |
| Coût d’acquisition |  |  | 684.151.208 |  |

Candriam Sustainable Equity Climate Action Répartition géographique et économique du portefeuille-titres au 31 décembre 2020
| Répartition géographique (en % des actifs nets) |  |
| --- | --- |
| États-Unis | 51,08 |
| Chine | 6,83 |
| Danemark | 4,76 |
| Pays-Bas | 4,73 |
| France | 4,60 |
| Japon | 4,35 |
| Allemagne | 4,00 |
| Norvège | 3,87 |
| Royaume-Uni | 3,00 |
| Suède | 2,73 |
| Canada | 2,38 |
| Finlande | 1,51 |
| Espagne | 1,43 |
| Autriche | 1,06 |
| Irlande | 0,93 |
| Belgique | 0,36 |
|  | 97,62 |
| Répartition économique (en % des actifs nets) |  |
| Energie et eau | 18,23 |
| Electronique et semiconducteurs | 14,94 |
| Internet et services d'Internet | 13,98 |
| Construction de machines et appareils | 11,78 |
| Electrotechnique et électronique | 8,26 |
| Chimie | 7,06 |
| Service d'environnement et de recyclage | 5,79 |
| Constructions, matériaux de construction | 3,34 |
| Banques et autres institutions financières | 3,27 |
| Sociétés immobilières | 3,06 |
| Industrie automobile | 2,36 |
| Industries d'emballage | 1,83 |
| Pétrole | 1,51 |
| Industrie agro-alimentaire | 0,94 |
| Biotechnologie | 0,91 |
| Métaux non ferreux | 0,36 |
|  | 97,62 |