# Candriam L Defensive Asset Allocation
| Investment portfolio as at December 31, 2020 |  |
| --- | --- |
| Description | Quantity | Currency | Market value | % net |
|  |  |  | (in EUR) | assets |
| Transferable securities admitted to an official stock exchange |  |  | 497,613 | 3.78 |
| listing or dealt in another regulated market |  |  |  |  |
| Structured products |  |  | 497,613 | 3.78 |
| Ireland |  |  | 497,613 | 3.78 |
| ISHARES PHYSICAL GOLD ETC | 16,470 | USD | 497,613 | 3.78 |
| Undertakings for Collective Investment |  |  | 12,080,272 | 91.73 |
| Shares/Units in investment funds |  |  | 12,080,272 | 91.73 |
| Luxembourg |  |  | 11,388,668 | 86.48 |
| CANDRIAM ABSOLUTE RETURN EQUITY MARKET NEUTRAL | 65 | EUR | 110,618 | 0.84 |
| Z EUR C CANDRIAM ABSOLUTE RETURN LONG SHORT DIGITAL | 60 | EUR | 91,900 | 0.70 |
| EQUITY Z EUR C CANDRIAM BONDS CONVERTIBLE DEFENSIVE Z EUR C | 266 | EUR | 443,111 | 3.36 |
| CANDRIAM BONDS EMERGING DEBT LOCAL CURRENCIES Z | 231 | USD | 223,358 | 1.70 |
| USD C CANDRIAM BONDS EMERGING MARKET CORPORATE Z USD | 83 | USD | 109,010 | 0.83 |
| C CANDRIAM BONDS EURO DIVERSIFIED Z EUR C | 2,194 | EUR | 2,045,927 | 15.53 |
| CANDRIAM BONDS EURO GOVERNMENT Z EUR C | 146 | EUR | 421,839 | 3.20 |
| CANDRIAM EQUITIES L EUROPE CONVICTION Z EUR C | 62 | EUR | 108,262 | 0.82 |
| CANDRIAM EQUITIES L EUROPE INNOVATION Z EUR C | 55 | EUR | 137,805 | 1.05 |
| CANDRIAM EQUITIES L EUROPE OPTIMUM QUALITY Z EURC | 810 | EUR | 172,692 | 1.31 |
| CANDRIAM EQUITIES L EUROPE SMALL AND MID CAPS Z | 12 | EUR | 31,341 | 0.24 |
| EUR C CANDRIAM EQUITIES L LIFE CARE Z USD C | 4 | USD | 4,985 | 0.04 |
| CANDRIAM EQUITIES L ONCOLOGY IMPACT Z USD C | 14 | USD | 29,316 | 0.22 |
| CANDRIAM EQUITY L BIOTECHNOLOGY Z USD C | 24 | USD | 41,194 | 0.31 |
| CANDRIAM EQUITY L ROBOTICS AND INNOVATIVE | 73 | USD | 221,380 | 1.68 |
| TECHNOLOGY Z USD C CANDRIAM L MULTI-ASSET INCOME AND GROWTH C PART Z | 130 | EUR | 230,109 | 1.75 |
| CANDRIAM L MULTI-ASSET INCOME C PART Z | 249 | EUR | 403,968 | 3.07 |
| CANDRIAM L MULTI ASSET PREMIA Z EUR C | 61 | EUR | 93,011 | 0.71 |
| CANDRIAM SUSTAINABLE BOND EMERGING MARKETS Z | 308 | USD | 332,166 | 2.52 |
| USD C CANDRIAM SUSTAINABLE BOND EURO CORPORATE Z EUR | 1,943 | EUR | 2,125,953 | 16.14 |
| C CANDRIAM SUSTAINABLE BOND EURO SHORT TERM Z EUR | 276 | EUR | 278,901 | 2.12 |
| C CANDRIAM SUSTAINABLE BOND EURO Z EUR C | 1,704 | EUR | 1,894,865 | 14.39 |
| CANDRIAM SUSTAINABLE BOND GLOBAL HIGH YIELD Z EUR | 190 | EUR | 220,419 | 1.67 |
| C CANDRIAM SUSTAINABLE EQUITY CIRCULAR ECONOMY Z | 35 | USD | 43,298 | 0.33 |
| USD C CANDRIAM SUSTAINABLE EQUITY CLIMATE ACTION Z USD C | 31 | USD | 45,973 | 0.35 |
| CANDRIAM SUSTAINABLE EQUITY EMERGING MARKETS Z | 97 | EUR | 260,699 | 1.98 |
| EUR C CANDRIAM SUSTAINABLE EQUITY EUROPE Z EUR C | 490 | EUR | 699,142 | 5.31 |
| CANDRIAM SUSTAINABLE EQUITY FUTURE MOBILITY Z USD | 6 | USD | 5,041 | 0.04 |
| C CANDRIAM SUSTAINABLE EQUITY NORTH AMERICA Z USD C | 86 | USD | 119,966 | 0.91 |
| CLEOME INDEX EUROPE EQUITIES Z EUR C | 47 | EUR | 86,714 | 0.66 |
| INDEXIQ FACTORS SUSTAINABLE CORPORATE EURO BOND | 9,987 | EUR | 255,314 | 1.94 |
| DIS INDEXIQ FACTORS SUSTAINABLE JAPAN EQUITY CAP | 1,836 | EUR | 53,464 | 0.40 |
| SCHRODER INTERNATIONAL SEL CHINA ACC USD | 309 | USD | 46,927 | 0.36 |

Candriam L Defensive Asset Allocation
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in EUR) | % net assets |
| France |  |  | 691,604 | 5.25 |
| CANDRIAM DIVERSIFIED FUTURES Z EUR C | 138 | EUR | 169,851 | 1.29 |
| CANDRIAM GLOBAL ALPHA Z EUR C | 73 | EUR | 108,136 | 0.82 |
| CANDRIAM INDEX ARBITRAGE Z EUR C | 196 | EUR | 307,832 | 2.34 |
| CANDRIAM RISK ARBITRAGE Z EUR C | 71 | EUR | 105,785 | 0.80 |
| Total investment portfolio |  |  | 12,577,885 | 95.51 |
| Acquisition cost |  |  | 11,788,594 |  |

Candriam L Defensive Asset Allocation Geographical and economic breakdown of investments as at December 31, 2020
| Geographical breakdown (in % of net assets) |  |
| --- | --- |
| Luxembourg | 86.48 |
| France | 5.25 |
| Ireland | 3.78 |
|  | 95.51 |
| Economic breakdown (in % of net assets) |  |
| Investment funds | 91.73 |
| Banks and other financial institutions | 3.78 |
|  | 95.51 |

Translation (ENFR, 2020-12-31):
# Candriam L Defensive Asset Allocation
| Portefeuille-titres au 31 décembre 2020 |  |
| --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation | % actifs |
|  |  |  | (en EUR) | nets |
| Valeurs mobilières admises à la cote officielle d'une bourse |  |  | 497.613 | 3,78 |
| de valeurs ou traitées sur un autre marché réglementé |  |  |  |  |
| Produits structurés |  |  | 497.613 | 3,78 |
| Irlande |  |  | 497.613 | 3,78 |
| ISHARES PHYSICAL GOLD ETC | 16.470 | USD | 497.613 | 3,78 |
| Organismes de placement collectif |  |  | 12.080.272 | 91,73 |
| Actions/Parts détenues dans des fonds d'investissement |  |  | 12.080.272 | 91,73 |
| Luxembourg |  |  | 11.388.668 | 86,48 |
| CANDRIAM ABSOLUTE RETURN EQUITY MARKET NEUTRAL | 65 | EUR | 110.618 | 0,84 |
| Z EUR C CANDRIAM ABSOLUTE RETURN LONG SHORT DIGITAL | 60 | EUR | 91.900 | 0,70 |
| EQUITY Z EUR C CANDRIAM BONDS CONVERTIBLE DEFENSIVE Z EUR C | 266 | EUR | 443.111 | 3,36 |
| CANDRIAM BONDS EMERGING DEBT LOCAL CURRENCIES Z | 231 | USD | 223.358 | 1,70 |
| USD C CANDRIAM BONDS EMERGING MARKET CORPORATE Z USD | 83 | USD | 109.010 | 0,83 |
| C CANDRIAM BONDS EURO DIVERSIFIED Z EUR C | 2.194 | EUR | 2.045.927 | 15,53 |
| CANDRIAM BONDS EURO GOVERNMENT Z EUR C | 146 | EUR | 421.839 | 3,20 |
| CANDRIAM EQUITIES L EUROPE CONVICTION Z EUR C | 62 | EUR | 108.262 | 0,82 |
| CANDRIAM EQUITIES L EUROPE INNOVATION Z EUR C | 55 | EUR | 137.805 | 1,05 |
| CANDRIAM EQUITIES L EUROPE OPTIMUM QUALITY Z EURC | 810 | EUR | 172.692 | 1,31 |
| CANDRIAM EQUITIES L EUROPE SMALL AND MID CAPS Z | 12 | EUR | 31.341 | 0,24 |
| EUR C CANDRIAM EQUITIES L LIFE CARE Z USD C | 4 | USD | 4.985 | 0,04 |
| CANDRIAM EQUITIES L ONCOLOGY IMPACT Z USD C | 14 | USD | 29.316 | 0,22 |
| CANDRIAM EQUITY L BIOTECHNOLOGY Z USD C | 24 | USD | 41.194 | 0,31 |
| CANDRIAM EQUITY L ROBOTICS AND INNOVATIVE | 73 | USD | 221.380 | 1,68 |
| TECHNOLOGY Z USD C CANDRIAM L MULTI-ASSET INCOME AND GROWTH C PART Z | 130 | EUR | 230.109 | 1,75 |
| CANDRIAM L MULTI-ASSET INCOME C PART Z | 249 | EUR | 403.968 | 3,07 |
| CANDRIAM L MULTI ASSET PREMIA Z EUR C | 61 | EUR | 93.011 | 0,71 |
| CANDRIAM SUSTAINABLE BOND EMERGING MARKETS Z | 308 | USD | 332.166 | 2,52 |
| USD C CANDRIAM SUSTAINABLE BOND EURO CORPORATE Z EUR | 1.943 | EUR | 2.125.953 | 16,14 |
| C CANDRIAM SUSTAINABLE BOND EURO SHORT TERM Z EUR | 276 | EUR | 278.901 | 2,12 |
| C CANDRIAM SUSTAINABLE BOND EURO Z EUR C | 1.704 | EUR | 1.894.865 | 14,39 |
| CANDRIAM SUSTAINABLE BOND GLOBAL HIGH YIELD Z EUR | 190 | EUR | 220.419 | 1,67 |
| C CANDRIAM SUSTAINABLE EQUITY CIRCULAR ECONOMY Z | 35 | USD | 43.298 | 0,33 |
| USD C CANDRIAM SUSTAINABLE EQUITY CLIMATE ACTION Z USD C | 31 | USD | 45.973 | 0,35 |
| CANDRIAM SUSTAINABLE EQUITY EMERGING MARKETS Z | 97 | EUR | 260.699 | 1,98 |
| EUR C CANDRIAM SUSTAINABLE EQUITY EUROPE Z EUR C | 490 | EUR | 699.142 | 5,31 |
| CANDRIAM SUSTAINABLE EQUITY FUTURE MOBILITY Z USD | 6 | USD | 5.041 | 0,04 |
| C CANDRIAM SUSTAINABLE EQUITY NORTH AMERICA Z USD C | 86 | USD | 119.966 | 0,91 |
| CLEOME INDEX EUROPE EQUITIES Z EUR C | 47 | EUR | 86.714 | 0,66 |
| INDEXIQ FACTORS SUSTAINABLE CORPORATE EURO BOND | 9.987 | EUR | 255.314 | 1,94 |
| DIS INDEXIQ FACTORS SUSTAINABLE JAPAN EQUITY CAP | 1.836 | EUR | 53.464 | 0,40 |
| SCHRODER INTERNATIONAL SEL CHINA ACC USD | 309 | USD | 46.927 | 0,36 |

Candriam L Defensive Asset Allocation
| Portefeuille-titres au 31 décembre 2020 |  |
| --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation (en EUR) | % actifs nets |
| France |  |  | 691.604 | 5,25 |
| CANDRIAM DIVERSIFIED FUTURES Z EUR C | 138 | EUR | 169.851 | 1,29 |
| CANDRIAM GLOBAL ALPHA Z EUR C | 73 | EUR | 108.136 | 0,82 |
| CANDRIAM INDEX ARBITRAGE Z EUR C | 196 | EUR | 307.832 | 2,34 |
| CANDRIAM RISK ARBITRAGE Z EUR C | 71 | EUR | 105.785 | 0,80 |
| Total du portefeuille-titres |  |  | 12.577.885 | 95,51 |
| Coût d'acquisition |  |  | 11.788.594 |  |

Candriam L Defensive Asset Allocation Répartition géographique et économique du portefeuille-titres au 31 décembre 2020
| Répartition géographique (en % des actifs nets) |  |
| --- | --- |
| Luxembourg | 86,48 |
| France | 5,25 |
| Irlande | 3,78 |
|  | 95,51 |
| Répartition économique (en % des actifs nets) |  |
| Fonds d'investissement | 91,73 |
| Banques et autres institutions financières | 3,78 |
|  | 95,51 |