# PORTFOLIO BREAKDOWN
SECTOR BREAKDOWN
GEOGRAPHICAL BREAKDOWN
BREAKDOWN BY CURRENCY *
Asset Gatherers
Leisures
Pharmaceuticals
Health Care Equipment
Automobiles
Dependency
United Kingdom
France Germany Netherlands Switzerland
Sweden
Italy United States
Denmark
EUR
GBP
CHF
SEK
DKK
NOK
HPC
Security
Belgium Other countries
0 %	10 %	20 %  30 %
Others
0 %	20 %	40 %	60 %
Portfolio  Benchmark
0 %	10 %  20 %  30 % 40 %

## ANALYSIS RATIOS

### Portfolio Benchmark
Portfolio  Benchmark
| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  | Sector | Country | Weight | Spread / Index |
| AXA SA | Asset Gatherers | France | 4.06% | 3.57% |
| ALLIANZ SE-REG | Asset Gatherers | Germany | 3.98% | 3.00% |
| SANOFI | Pharmaceuticals | France | 3.70% | 2.60% |
| LEGAL & GENERAL GRP | Asset Gatherers | United Kingdom | 3.65% | 3.44% |
| ASTRAZENECA GBP | Pharmaceuticals | United Kingdom | 3.39% | 2.04% |
| PRUDENTIAL PLC | Asset Gatherers | United Kingdom | 2.86% | 2.36% |
| 3I GROUP PLC | Asset Gatherers | United Kingdom | 2.61% | 2.46% |
| MERCK KGA | Pharmaceuticals | Germany | 2.54% | 2.33% |
| SWISS LIFE HOLD AG | Asset Gatherers | Switzerland | 2.47% | 2.32% |
| DAIMLER AG | Automobiles | Germany | 2.32% | 1.60% |
| Excluding mutual funds |  |  |  |  |

* As a percentage of the assets - including currency hedging
| Average market Cap (Bn €) | 57.87 | 78.44 |
| --- | --- | --- |
| % Mid Caps + Small Caps | 43.53 | 29.63 |
| % Large Caps | 56.47 | 70.37 |
| Per 12 Month forward | 14.87 | 16.58 |
| Price to Book | 1.78 | 2.08 |
| Price to Cash Flow | 12.52 | 11.82 |
| Dividend Yield (%) | 2.44 | 2.65 |
| Annualized EPS Growth (n/n+2) (%) | 12.10 | 11.88 |
| Annualized Revenue Growth (n/n+2) (%) | 6.11 | 5.59 |
| Issuer number (excluding cash) |  | 62 |
| Cash as % of total assets |  | 2.20% |

SECTOR ALLOCATION EVOLUTION
40 %
30 %
20 %
10 %
0 %
Health Care Equipment
Pharmaceuticals	Asset Gatherers	Security	HPC	Leisures	Dependency	Automobiles 30/11/2020 26/02/2021 31/05/2021

Translation (ENFR, 2021-05-31):
# COMPOSITION DU PORTEFEUILLE
REPARTITION SECTORIELLE
REPARTITION GEOGRAPHIQUE
EXPOSITION PAR DEVISE *
Epargne 
ﬁ
nancière
Loisirs
Pharmacie Equipements de
santé Automobile
Dépendance
Royaume-Uni
France Allemagne Pays-Bas Suisse Suède Italie Etats-Unis Danemark
EUR
GBP
CHF
SEK
DKK
NOK
Produits de soin
Sécurité
0 %	10 %  20 %  30 % 40 %
Belgique Autres
0 %	10 %	20 %	30 %
Portefeuille Indice
Autres
0 %	20 %	40 %	60 %
Portefeuille Indice

## RATIOS D'ANALYSE

#### Portefeuille Indice
|  | Secteur | Pays | Poids (PTF) | Ecart / Indice |
| --- | --- | --- | --- | --- |
| AXA SA | Epargne financière | France | 4,06% | 3,57% |
| ALLIANZ SE-REG | Epargne financière | Allemagne | 3,98% | 3,00% |
| SANOFI | Pharmacie | France | 3,70% | 2,60% |
| LEGAL & GENERAL GRP | Epargne financière | Royaume-Uni | 3,65% | 3,44% |
| ASTRAZENECA GBP | Pharmacie | Royaume-Uni | 3,39% | 2,04% |
| PRUDENTIAL PLC | Epargne financière | Royaume-Uni | 2,86% | 2,36% |
| 3I GROUP PLC | Epargne financière | Royaume-Uni | 2,61% | 2,46% |
| MERCK KGA | Pharmacie | Allemagne | 2,54% | 2,33% |
| SWISS LIFE HOLD AG | Epargne financière | Suisse | 2,47% | 2,32% |
| DAIMLER AG | Automobile | Allemagne | 2,32% | 1,60% |
| Hors OPC |  |  |  |  |


### PRINCIPALES LIGNES EN PORTEFEUILLE
* En pourcentage de l’actif – avec couverture de change
| Cap. boursière moy. (Mds €) | 57,87 | 78,44 |
| --- | --- | --- |
| % Mid Caps + Small Caps | 43,53 | 29,63 |
| % Large caps | 56,47 | 70,37 |
| PER annuel anticipé | 14,87 | 16,58 |
| Prix sur actif net | 1,78 | 2,08 |
| Prix sur cashflow | 12,52 | 11,82 |
| Taux de rendement (en %) | 2,44 | 2,65 |
| Croissance BPA annualisé (n/n+2) (en %) Croissance CA annualisé (n/n+2) (en %) | 12,10 6,11 | 11,88 5,59 |

Nombre d'émetteurs (hors liquidités)62
Liquidités en % de l'actif	2,20%

### EVOLUTION DE LA REPARTITION SECTORIELLE
40 %
30 %
20 %
10 %
0 %
Equipements de santé
Pharmacie	Epargne 
ﬁ
nancière	Sécurité	Produits de soin	Loisirs	Dépendance	Automobile 30/11/2020 26/02/2021 31/05/2021