# COMPOSITION OF THE ASSETS
| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing |  |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| Australia |  |  |  |  |  |  |
| AFTERPAY | 3,678 | AUD | 118.00 | 273,715.94 | 0.53% | 0.53% |
| AGL ENERGY LTD | 11,685 | AUD | 11.95 | 88,064.93 | 0.17% | 0.17% |
| AMP | 56,026 | AUD | 1.56 | 55,121.44 | 0.11% | 0.11% |
| AMPOL | 4,000 | AUD | 28.42 | 71,695.26 | 0.14% | 0.14% |
| ANZ BANKING GROUP | 50,692 | AUD | 22.70 | 725,724.27 | 1.40% | 1.40% |
| APA GRP | 20,347 | AUD | 9.65 | 123,832.33 | 0.24% | 0.24% |
| ARISTOCRAT LEISURE | 10,241 | AUD | 31.00 | 200,221.37 | 0.39% | 0.39% |
| ASX LIMITED | 3,632 | AUD | 72.00 | 164,924.32 | 0.32% | 0.32% |
| AURIZON HOLDINGS | 35,846 | AUD | 3.90 | 88,168.14 | 0.17% | 0.17% |
| AUSNET SVCS | 40,265 | AUD | 1.75 | 44,566.78 | 0.09% | 0.09% |
| BHP GROUP LIMITED | 52,708 | AUD | 42.43 | 1,410,444.27 | 2.72% | 2.72% |
| BHP STEEL | 9,500 | AUD | 17.48 | 104,730.07 | 0.20% | 0.20% |
| BRAMBLES | 28,127 | AUD | 10.60 | 188,033.68 | 0.36% | 0.36% |
| CIMIC GROUP | 2,177 | AUD | 24.37 | 33,459.57 | 0.06% | 0.06% |
| COCA COLA AMATIL | 8,385 | AUD | 12.93 | 68,376.67 | 0.13% | 0.13% |
| COCHLEAR | 1,191 | AUD | 189.00 | 141,964.56 | 0.27% | 0.27% |
| COLES GRP | 24,075 | AUD | 18.14 | 275,429.18 | 0.53% | 0.53% |
| COMMONWEALTH BANK | 31,858 | AUD | 82.11 | 1,649,760.58 | 3.19% | 3.18% |
| COMPUTERSHARE | 8,564 | AUD | 14.59 | 78,802.19 | 0.15% | 0.15% |
| CROWN LTD | 6,649 | AUD | 9.63 | 40,382.11 | 0.08% | 0.08% |
| CSL | 8,123 | AUD | 283.18 | 1,450,726.00 | 2.80% | 2.80% |
| DEXUS | 20,992 | AUD | 9.40 | 124,448.03 | 0.24% | 0.24% |
| EVOLUTION MINING | 27,200 | AUD | 4.99 | 85,600.40 | 0.17% | 0.17% |
| FORTESCUE METALS | 29,841 | AUD | 23.43 | 440,952.72 | 0.85% | 0.85% |
| GOODMAN GROUP | 29,922 | AUD | 18.91 | 356,852.31 | 0.69% | 0.69% |
| GPT GRP | 31,273 | AUD | 4.50 | 88,754.10 | 0.17% | 0.17% |
| INSURANCE AUSTRALIA | 41,719 | AUD | 4.70 | 123,662.53 | 0.24% | 0.24% |
| LEND LEASE | 11,213 | AUD | 13.10 | 92,640.20 | 0.18% | 0.18% |
| MACQUARIE GRP | 6,190 | AUD | 138.48 | 540,609.99 | 1.04% | 1.04% |
| MAGELLAN FINANCIAL | 2,200 | AUD | 53.66 | 74,452.57 | 0.14% | 0.14% |
| MEDIBANK PRIVATE LTD | 46,300 | AUD | 3.01 | 87,892.91 | 0.17% | 0.17% |
| MIRVAC GROUP | 73,136 | AUD | 2.64 | 121,770.33 | 0.24% | 0.23% |
| NATIONAL AUSTRAL. BK | 58,900 | AUD | 22.60 | 839,518.16 | 1.62% | 1.62% |
| NEWCREST MINING LTD | 13,958 | AUD | 25.78 | 226,940.74 | 0.44% | 0.44% |
| NORTHERN STAR RES | 14,000 | AUD | 12.69 | 112,045.91 | 0.22% | 0.22% |
| ORICA | 7,940 | AUD | 15.15 | 75,864.66 | 0.15% | 0.15% |
| ORIGIN ENERGY | 29,874 | AUD | 4.76 | 89,682.29 | 0.17% | 0.17% |
| QANTAS AIRWAYS | 15,000 | AUD | 4.85 | 45,881.69 | 0.09% | 0.09% |
| QBE INSURANCE GROUP | 25,860 | AUD | 8.53 | 139,118.19 | 0.27% | 0.27% |
| RAMSAY HEALTH CARE | 3,511 | AUD | 62.18 | 137,685.41 | 0.27% | 0.27% |
| REA GROUP | 923 | AUD | 148.86 | 86,653.49 | 0.17% | 0.17% |
| RIO TINTO | 6,667 | AUD | 113.83 | 478,622.99 | 0.92% | 0.92% |
| SANTOS | 32,969 | AUD | 6.27 | 130,370.60 | 0.25% | 0.25% |
| SCENTRE GROUP | 90,349 | AUD | 2.78 | 158,407.05 | 0.31% | 0.31% |
| SEEK LTD | 6,238 | AUD | 28.53 | 112,241.51 | 0.22% | 0.22% |
| SONIC HEALTHCARE | 7,990 | AUD | 32.15 | 162,007.13 | 0.31% | 0.31% |
| SOUTH32 | 90,942 | AUD | 2.47 | 141,666.71 | 0.27% | 0.27% |
| STOCKLAND STAPLED | 43,879 | AUD | 4.18 | 115,674.96 | 0.22% | 0.22% |
| SUNCORP GROUP LTD | 23,933 | AUD | 9.74 | 147,015.27 | 0.28% | 0.28% |
| SYDNEY AIRPORT | 23,607 | AUD | 6.41 | 95,434.45 | 0.18% | 0.18% |
| TABCORP HOLDINGS | 36,663 | AUD | 3.90 | 90,177.66 | 0.17% | 0.17% |
| TELSTRA | 72,162 | AUD | 2.98 | 135,622.33 | 0.26% | 0.26% |
| TPG TELECOM | 7,030 | AUD | 7.22 | 32,010.97 | 0.06% | 0.06% |
| TRANSURBAN GROUP | 48,049 | AUD | 13.66 | 413,943.83 | 0.80% | 0.80% |
| TREASURY WINE | 14,056 | AUD | 9.40 | 83,328.96 | 0.16% | 0.16% |
| VICINITY CENTRES | 66,946 | AUD | 1.60 | 67,765.09 | 0.13% | 0.13% |
| W.H.SOUL PATTINS | 1,900 | AUD | 30.09 | 36,056.38 | 0.07% | 0.07% |
| WESTFARMERS | 20,689 | AUD | 50.40 | 657,622.10 | 1.27% | 1.27% |
| WESTPAC | 64,600 | AUD | 19.37 | 789,166.25 | 1.52% | 1.52% |
| WISETECH GL | 2,900 | AUD | 30.75 | 56,240.54 | 0.11% | 0.11% |
| WOODSIDE PETROLEUM | 16,309 | AUD | 22.74 | 233,896.73 | 0.45% | 0.45% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| WOOLWORTHS GROUP LTD | 22,549 | AUD | 39.31 | 559,032.03 |  | 1.08% | 1.08% |
| Bermuda |  |  |  | 15,865,473.83 |  | 30.65% | 30.60% |
| CK INFRASTRUCTURE | 12,000 | HKD | 41.65 | 52,681.23 | 0.10% | 0.10% |
| HONGKONG LAND HLDGS | 23,100 | USD | 4.13 | 77,972.29 | 0.15% | 0.15% |
| JARDINE | 4,200 | USD | 56.00 | 192,227.53 | 0.37% | 0.37% |
| JARDINE STRATEGIC | 3,900 | USD | 24.88 | 79,303.67 | 0.15% | 0.15% |
| Canada |  |  |  | 402,184.72 |  | 0.78% | 0.78% |
| 1ST QUANTUM MINLS | 10,222 | CAD | 22.85 | 149,841.35 | 0.29% | 0.29% |
| AGNICO EAGLE MINES | 4,500 | CAD | 89.59 | 258,631.64 | 0.50% | 0.50% |
| AIR CANADA VTG | 1,900 | CAD | 22.77 | 27,754.04 | 0.05% | 0.05% |
| ALGONQUIN POWER | 11,100 | CAD | 20.95 | 149,182.06 | 0.29% | 0.29% |
| ALIMENTATION COUCHE | 15,751 | CAD | 43.38 | 438,336.14 | 0.85% | 0.85% |
| ALTAGAS LTD | 5,800 | CAD | 18.72 | 69,653.58 | 0.13% | 0.13% |
| ATCO NON VTG | 1,100 | CAD | 36.49 | 25,749.94 | 0.05% | 0.05% |
| B2GOLD | 20,000 | CAD | 7.13 | 91,480.63 | 0.18% | 0.18% |
| BANK OF NOVA SCOTIA | 21,700 | CAD | 68.80 | 957,762.38 | 1.85% | 1.85% |
| BARRICK | 31,581 | CAD | 29.00 | 587,534.64 | 1.13% | 1.13% |
| BAUSCH HEALTH CIES | 5,150 | CAD | 26.41 | 87,253.98 | 0.17% | 0.17% |
| BCE | 2,792 | CAD | 54.43 | 97,490.74 | 0.19% | 0.19% |
| BLACKBERRY LTD | 7,690 | CAD | 8.44 | 41,636.90 | 0.08% | 0.08% |
| BROOKFIELD ASSET MAN | 22,958 | CAD | 52.62 | 774,987.14 | 1.50% | 1.49% |
| BROOKFIELD RN CORP A | 2,250 | USD | 58.27 | 107,153.37 | 0.21% | 0.21% |
| CAE | 5,385 | CAD | 35.27 | 121,843.05 | 0.24% | 0.24% |
| CAMECO | 6,590 | CAD | 17.05 | 72,080.77 | 0.14% | 0.14% |
| CANADIAN APARTMENT | 1,300 | CAD | 49.99 | 41,690.40 | 0.08% | 0.08% |
| CANADIAN IMPERIAL | 7,966 | CAD | 108.72 | 555,596.30 | 1.07% | 1.07% |
| CANADIAN NAT RAILWAY | 12,700 | CAD | 139.94 | 1,140,132.15 | 2.20% | 2.20% |
| CANADIAN NAT RES LTD | 21,448 | CAD | 30.59 | 420,897.05 | 0.81% | 0.81% |
| CANADIAN TIRE CORP | 950 | CAD | 167.33 | 101,978.12 | 0.20% | 0.20% |
| CANADIAN UTILITIES | 2,056 | CAD | 31.09 | 41,006.57 | 0.08% | 0.08% |
| CANOPY GROWTH | 4,200 | CAD | 31.32 | 84,387.99 | 0.16% | 0.16% |
| CCL INDUSTRIES B | 2,650 | CAD | 57.79 | 98,244.48 | 0.19% | 0.19% |
| CDN PACIFIC RAILWAY | 2,450 | CAD | 441.53 | 693,962.34 | 1.34% | 1.34% |
| CENOVUS ENERGY INC | 18,439 | CAD | 7.75 | 91,674.53 | 0.18% | 0.18% |
| CGI INC | 4,100 | CAD | 100.99 | 265,626.76 | 0.51% | 0.51% |
| CI FINANCIAL CORP | 3,900 | CAD | 15.78 | 39,480.37 | 0.08% | 0.08% |
| CONSTELLATION SOFTW | 350 | CAD | 1,652.92 | 371,132.92 | 0.72% | 0.72% |
| DOLLARAMA | 5,428 | CAD | 51.88 | 180,654.76 | 0.35% | 0.35% |
| EMERA | 4,500 | CAD | 54.10 | 156,177.83 | 0.30% | 0.30% |
| EMPIRE CO LTD | 3,009 | CAD | 34.79 | 67,156.22 | 0.13% | 0.13% |
| ENBRIDGE | 36,183 | CAD | 40.71 | 944,964.03 | 1.83% | 1.82% |
| FAIRFAX FINANCIAL | 480 | CAD | 433.85 | 133,595.07 | 0.26% | 0.26% |
| FIRSTSERVICE CORP | 700 | CAD | 174.22 | 78,235.82 | 0.15% | 0.15% |
| FORTIS | 8,044 | CAD | 52.00 | 268,339.75 | 0.52% | 0.52% |
| FRANCO-NEVADA | 3,325 | CAD | 159.60 | 340,434.95 | 0.66% | 0.66% |
| GEORGE WESTON | 1,302 | CAD | 95.08 | 79,416.32 | 0.15% | 0.15% |
| GFL ENVIRONMENTAL | 3,500 | CAD | 37.11 | 83,323.71 | 0.16% | 0.16% |
| GILDAN ACTIVEWEAR | 3,336 | CAD | 35.59 | 76,166.44 | 0.15% | 0.15% |
| GREAT WEST LIFECO | 5,219 | CAD | 30.35 | 101,614.48 | 0.20% | 0.20% |
| HYDRO ONE | 5,800 | CAD | 28.65 | 106,601.23 | 0.21% | 0.21% |
| IA FINANCIAL CORP | 1,977 | CAD | 55.18 | 69,983.87 | 0.14% | 0.13% |
| IGM FINANCIAL INC | 1,700 | CAD | 34.51 | 37,636.00 | 0.07% | 0.07% |
| IMPERIAL OIL | 4,881 | CAD | 24.16 | 75,651.12 | 0.15% | 0.15% |
| INTACT FINANCIAL | 2,630 | CAD | 150.72 | 254,294.07 | 0.49% | 0.49% |
| INTER PIPELINE LTD | 6,600 | CAD | 11.87 | 50,257.89 | 0.10% | 0.10% |
| KEYERA | 4,200 | CAD | 22.62 | 60,946.88 | 0.12% | 0.12% |
| KINROSS GOLD | 23,768 | CAD | 9.34 | 142,412.83 | 0.28% | 0.27% |
| KIRKLAND LAKE GOLD | 4,856 | CAD | 52.60 | 163,860.41 | 0.32% | 0.32% |
| LOBLAW COMPANIES | 3,219 | CAD | 62.81 | 129,705.79 | 0.25% | 0.25% |
| LUNDIN MINING | 12,900 | CAD | 11.30 | 93,514.24 | 0.18% | 0.18% |
| MAGNA INTERNATIONAL | 5,081 | CAD | 90.11 | 293,718.83 | 0.57% | 0.57% |
| MANULIFE FINANCIAL | 35,278 | CAD | 22.65 | 512,603.73 | 0.99% | 0.99% |
| METRO INC | 4,271 | CAD | 56.80 | 155,627.92 | 0.30% | 0.30% |
| MONTREAL | 11,450 | CAD | 96.78 | 710,887.22 | 1.37% | 1.37% |
| NATIONAL BANK CANADA | 5,750 | CAD | 71.64 | 264,260.97 | 0.51% | 0.51% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| NORTHLAND POWER INC | 3,500 | CAD | 45.67 | 102,543.62 |  | 0.20% | 0.20% |
| NUTRIEN LTD | 10,426 | CAD | 61.24 | 409,602.41 | 0.79% | 0.79% |
| ONEX CORP | 1,250 | CAD | 73.06 | 58,586.73 | 0.11% | 0.11% |
| OPEN TEXT | 4,824 | CAD | 57.84 | 178,996.77 | 0.35% | 0.35% |
| PAN AMERICAN SILVER | 4,100 | CAD | 43.90 | 115,467.03 | 0.22% | 0.22% |
| PARKLAND | 2,700 | CAD | 40.39 | 69,959.58 | 0.14% | 0.13% |
| PEMBINA PIPELINE | 9,821 | CAD | 30.10 | 189,640.81 | 0.37% | 0.37% |
| POWER | 9,891 | CAD | 29.23 | 185,472.11 | 0.36% | 0.36% |
| QUEBECOR INC -B- | 3,300 | CAD | 32.76 | 69,353.35 | 0.13% | 0.13% |
| RESTAURANT BRANDS | 5,276 | USD | 61.11 | 263,508.94 | 0.51% | 0.51% |
| RIOCAN REAL ESTATE | 2,672 | CAD | 16.75 | 28,711.83 | 0.06% | 0.06% |
| RITCHIE BROTHERS | 1,800 | USD | 69.55 | 102,317.03 | 0.20% | 0.20% |
| ROGERS COMMUNICATION | 6,205 | CAD | 59.26 | 235,891.90 | 0.46% | 0.45% |
| ROYAL BANK CANADA | 25,289 | CAD | 104.59 | 1,696,803.00 | 3.28% | 3.27% |
| SAPUTO | 4,382 | CAD | 35.63 | 100,160.80 | 0.19% | 0.19% |
| SHAW COMM | 7,600 | CAD | 22.34 | 108,919.68 | 0.21% | 0.21% |
| SHOPIFY SVTG-A | 1,946 | USD | 1,131.95 | 1,800,314.41 | 3.48% | 3.47% |
| SSR MINING | 4,000 | CAD | 25.56 | 65,588.91 | 0.13% | 0.13% |
| SUNCOR ENERGY INC | 27,454 | USD | 16.78 | 376,509.44 | 0.73% | 0.73% |
| SUN LIFE FINANCIAL | 10,238 | CAD | 56.60 | 371,741.60 | 0.72% | 0.72% |
| TC ENERGY CORP | 17,041 | CAD | 51.75 | 565,737.59 | 1.09% | 1.09% |
| TECK RESOURCES B LTD | 8,079 | CAD | 23.10 | 119,723.44 | 0.23% | 0.23% |
| TELUS | 8,200 | CAD | 25.21 | 132,616.11 | 0.26% | 0.26% |
| THOMSON REUTERS CORP | 3,205 | CAD | 104.18 | 214,201.24 | 0.41% | 0.41% |
| TMX GROUP LTD | 1,100 | CAD | 127.14 | 89,719.01 | 0.17% | 0.17% |
| TOROMONT INDUSTRIES | 1,500 | CAD | 89.20 | 85,835.26 | 0.17% | 0.17% |
| TORONTO DOMINION BK | 32,442 | CAD | 71.92 | 1,496,810.78 | 2.89% | 2.89% |
| WHEATON PRECIOUS MET | 8,193 | CAD | 53.16 | 279,407.16 | 0.54% | 0.54% |
| WSP GLOBAL | 2,136 | CAD | 120.59 | 165,242.65 | 0.32% | 0.32% |
| YAMANA GOLD | 16,122 | CAD | 7.27 | 75,190.49 | 0.15% | 0.15% |
| Hongkong |  |  |  | 23,390,798.39 |  | 45.18% | 45.12% |
| AIA GROUP LTD | 216,311 | HKD | 95.00 | 2,166,017.02 | 4.18% | 4.18% |
| BANK OF EAST ASIA | 24,010 | HKD | 16.56 | 41,909.47 | 0.08% | 0.08% |
| BOC HONG KONG | 66,056 | HKD | 23.50 | 163,621.28 | 0.32% | 0.32% |
| CLP HOLDINGS | 27,997 | HKD | 71.70 | 211,587.65 | 0.41% | 0.41% |
| GALAXY ENTERTAINMENT | 41,000 | HKD | 60.25 | 260,375.77 | 0.50% | 0.50% |
| HANG LUNG PROP | 38,169 | HKD | 20.45 | 82,274.22 | 0.16% | 0.16% |
| HANG SENG BANK | 13,300 | HKD | 133.70 | 187,431.55 | 0.36% | 0.36% |
| HENDERSON LAND DEV | 26,901 | HKD | 30.25 | 85,773.56 | 0.17% | 0.17% |
| HK CHINA GAS | 192,801 | HKD | 11.58 | 235,330.11 | 0.45% | 0.45% |
| HK ELECTRIC INVEST | 41,319 | HKD | 7.63 | 33,230.28 | 0.06% | 0.06% |
| HONG KONG EXCH CLEAR | 21,623 | HKD | 425.00 | 968,644.76 | 1.87% | 1.87% |
| LINK REIT | 37,800 | HKD | 70.60 | 281,291.21 | 0.54% | 0.54% |
| MTR CORP | 28,371 | HKD | 43.35 | 129,635.34 | 0.25% | 0.25% |
| NEW WORLD DEV | 27,654 | HKD | 36.10 | 105,226.42 | 0.20% | 0.20% |
| PCCW NEW | 83,000 | HKD | 4.67 | 40,855.89 | 0.08% | 0.08% |
| POWER ASSETS HLDGS | 24,400 | HKD | 42.00 | 108,018.66 | 0.21% | 0.21% |
| SINO LAND CO | 53,531 | HKD | 10.10 | 56,988.39 | 0.11% | 0.11% |
| SJM HOLDINGS LTD | 31,000 | HKD | 8.67 | 28,329.60 | 0.05% | 0.05% |
| SUN HUNG KAI PROP | 22,800 | HKD | 100.00 | 240,322.54 | 0.46% | 0.46% |
| SWIRE PACIFIC | 8,498 | HKD | 43.00 | 38,516.32 | 0.07% | 0.07% |
| SWIRE PROPERTIES | 19,800 | HKD | 22.55 | 47,062.11 | 0.09% | 0.09% |
| TECHTRONIC INDUSTRIE | 24,500 | HKD | 110.60 | 285,614.90 | 0.55% | 0.55% |
| Ireland |  |  |  | 5,798,057.05 |  | 11.20% | 11.18% |
| JAMES HARDIES IND | 8,138 | AUD | 38.22 | 196,161.93 | 0.38% | 0.38% |
| Israel |  |  |  | 196,161.93 |  | 0.38% | 0.38% |
| AZRIELI GROUP | 868 | ILS | 204.10 | 45,094.64 | 0.09% | 0.09% |
| BANK HAPOALIM B.M | 21,149 | ILS | 21.99 | 118,379.71 | 0.23% | 0.23% |
| BANK LEUMI LE-ISRAEL | 28,530 | ILS | 18.90 | 137,254.24 | 0.27% | 0.26% |
| CHECK POINT | 2,000 | USD | 132.91 | 217,253.08 | 0.42% | 0.42% |
| CYBER-ARK SOFTWARE | 700 | USD | 161.59 | 92,446.57 | 0.18% | 0.18% |
| ISRAEL DISCOUNT BANK | 22,000 | ILS | 12.36 | 69,215.50 | 0.13% | 0.13% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| MIZRAHI TEFAHOT BANK | 2,560 | ILS | 74.25 | 48,383.65 |  | 0.09% | 0.09% |
| NICE SYSTEMS | 1,201 | ILS | 900.00 | 275,136.18 | 0.53% | 0.53% |
| TEVA-ADR- | 20,300 | USD | 9.65 | 160,103.80 | 0.31% | 0.31% |
| WIX.COM LTD | 1,000 | USD | 249.96 | 204,290.79 | 0.39% | 0.39% |
| Cayman |  |  |  | 1,367,558.16 |  | 2.64% | 2.64% |
| ASM PACIFIC TECHNO | 4,700 | HKD | 102.30 | 50,679.60 | 0.10% | 0.10% |
| BUDWEISER BREWING CO | 29,000 | HKD | 25.60 | 78,252.39 | 0.15% | 0.15% |
| CK ASSET HL | 46,678 | HKD | 39.80 | 195,819.06 | 0.38% | 0.38% |
| CK HUTCHISON HLDGS | 50,424 | HKD | 54.10 | 287,537.32 | 0.56% | 0.55% |
| ESR CAYMAN LTD | 32,000 | HKD | 27.80 | 93,767.95 | 0.18% | 0.18% |
| HKT LTD | 67,922 | HKD | 10.06 | 72,022.48 | 0.14% | 0.14% |
| MELCO CROWN ADR | 3,324 | USD | 18.55 | 50,394.51 | 0.10% | 0.10% |
| SANDS CHINA REG S | 42,439 | HKD | 34.05 | 152,314.73 | 0.29% | 0.29% |
| WHARF REIC | 28,758 | HKD | 40.35 | 122,309.97 | 0.24% | 0.24% |
| WH GRP-144A-S | 170,000 | HKD | 6.50 | 116,472.11 | 0.22% | 0.22% |
| WYNN MACAU | 28,000 | HKD | 13.02 | 38,426.31 | 0.07% | 0.07% |
| XINYI GLASS HLDGS | 32,000 | HKD | 21.65 | 73,024.32 | 0.14% | 0.14% |
| New Zealand |  |  |  | 1,331,020.75 |  | 2.57% | 2.57% |
| A2 MILK COMPANY LTD | 13,509 | AUD | 11.45 | 97,551.75 | 0.19% | 0.19% |
| AUCKLD INTL AIRP | 22,218 | NZD | 7.58 | 99,101.12 | 0.19% | 0.19% |
| FISH PAYK HEALTH | 10,245 | NZD | 32.97 | 198,762.89 | 0.38% | 0.38% |
| MERCURY NZ | 11,000 | NZD | 6.53 | 42,267.86 | 0.08% | 0.08% |
| MERIDIAN ENERGY LTD | 23,539 | NZD | 7.42 | 102,777.09 | 0.20% | 0.20% |
| RYMAN HEALTHCAR | 6,867 | NZD | 15.19 | 61,380.33 | 0.12% | 0.12% |
| SPARK NEW ZEALAND | 32,570 | NZD | 4.70 | 90,078.26 | 0.17% | 0.17% |
| XERO LTD | 2,220 | AUD | 146.82 | 205,562.82 | 0.40% | 0.40% |
| Papua New Guinea |  |  |  | 897,482.12 |  | 1.73% | 1.73% |
| OIL SEARCH LTD | 39,250 | AUD | 3.71 | 91,837.47 | 0.18% | 0.18% |
| Singapore |  |  |  | 91,837.47 |  | 0.18% | 0.18% |
| ASCENDAS REIT | 58,673 | SGD | 2.98 | 108,122.90 | 0.21% | 0.21% |
| CAPITALAND | 43,320 | SGD | 3.28 | 87,866.92 | 0.17% | 0.17% |
| CITY DEVELOPMENTS | 9,587 | SGD | 7.97 | 47,250.26 | 0.09% | 0.09% |
| DBS GROUP HOLD | 32,573 | SGD | 25.04 | 504,376.92 | 0.97% | 0.97% |
| GENTING SINGAPORE | 97,085 | SGD | 0.85 | 51,031.01 | 0.10% | 0.10% |
| KEPPEL | 29,097 | SGD | 5.38 | 96,804.07 | 0.19% | 0.19% |
| MAPLETREE COMMERCIAL | 48,000 | SGD | 2.13 | 63,224.29 | 0.12% | 0.12% |
| MAPLETREE LOGISTICS | 50,950 | SGD | 2.01 | 63,329.11 | 0.12% | 0.12% |
| OVERSEA-CHINESE BK | 57,341 | SGD | 10.06 | 356,719.10 | 0.69% | 0.69% |
| SINGAPORE AIRLINES | 25,925 | SGD | 4.28 | 68,616.04 | 0.13% | 0.13% |
| SINGAPORE EXCHANGE | 14,500 | SGD | 9.28 | 83,210.69 | 0.16% | 0.16% |
| SINGAPORE TECHNO | 26,300 | SGD | 3.82 | 62,127.26 | 0.12% | 0.12% |
| SINGAP TELECOM 1000 | 145,522 | SGD | 2.31 | 207,875.72 | 0.40% | 0.40% |
| SUNTEC REIT | 29,500 | SGD | 1.49 | 27,181.37 | 0.05% | 0.05% |
| UNITED OVERSEAS BANK | 21,241 | SGD | 22.59 | 296,725.12 | 0.57% | 0.57% |
| UOL GROUP | 7,300 | SGD | 7.71 | 34,804.90 | 0.07% | 0.07% |
| VENTURE CORPO | 4,700 | SGD | 19.42 | 56,443.02 | 0.11% | 0.11% |
| WILMAR INTL LTD | 35,678 | SGD | 4.65 | 102,592.73 | 0.20% | 0.20% |
|  |  |  |  | 2,318,301.43 |  | 4.48% | 4.47% |
| Total - Shares |  |  |  | 51,658,875.85 | 99.79% | 99.64% |
| UCI with variable number of shares |  |  |  |  |  |  |
| Real estate |  |  |  |  |  |  |
| Non Directive 2009/65/CE - Non FSMA |  |  |  |  |  |  |
| CAPITALAND INT COMM | 82,373 | SGD | 2.16 | 110,027.63 | 0.21% | 0.21% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Total - Non Directive 2009/65/CE - Non FSMA |  |  |  | 110,027.63 |  | 0.21% | 0.21% |
| Total - Real estate |  | 110,027.63 | 0.21% | 0.21% |
| Total - UCI with variable number of shares |  | 110,027.63 | 0.21% | 0.21% |
| Total - Transferable securities admitted to an official stock exchange listing |  | 51,768,903.48 | 100.00% | 99.85% |
| Total - portfolio |  | 51,768,903.48 | 100.00% | 99.85% |
| Collatéral |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |
| deposit and liquid assets |  |  |  |  |
| Banque Degroof Petercam | EUR | 23,477.47 |  | 0.05% |
| Banque Degroof Petercam | SGD | 3,231.17 |  | 0.01% |
| Banque Degroof Petercam | CHF | 72.24 |  | 0.00% |
| Banque Degroof Petercam | CAD | 11,887.70 |  | 0.02% |
| Banque Degroof Petercam | AUD | 6,558.97 |  | 0.01% |
| Banque Degroof Petercam | USD | 5,375.22 |  | 0.01% |
| Banque Degroof Petercam | NZD | 2,659.70 |  | 0.01% |
| Banque Degroof Petercam | ILS | 17,892.15 |  | 0.03% |
| Total - deposit and liquid assets |  | 71,154.62 |  | 0.14% |
| Total - Deposits and liquid assets |  | 71,154.62 |  | 0.14% |
| Other receivables and other payables |  | 5,992.81 |  | 0.01% |
| Others |  | 0.00 |  | 0.00% |
| Total net assets |  | 51,846,050.91 |  | 100,00% |

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Translation (ENFR, 2020-12-31):
# COMPOSITION DES ACTIFS
| Dénomination | Quantité au 31 décembre 2020 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  |  |  |  |  |
| Obligations et autres titres de créances |  |  |  |  |  |  |
| Emis(es) par état |  |  |  |  |  |  |
| Autriche |  |  |  |  |  |  |
| AUSTRIA 0,75 18-28 | 1.500.000 | EUR | 109,65 | 1.644.705,00 | 0,82% | 0,80% |
| AUSTRIA 3,65 11-22 | 3.000.000 | EUR | 105,63 | 3.169.005,00 | 1,57% | 1,54% |
| Belgique |  |  |  | 4.813.710,00 |  | 2,39% | 2,33% |
| BELGIQUE 2,60 14-24 | 3.500.000 | EUR | 111,64 | 3.907.295,00 | 1,94% | 1,89% |
| Allemagne |  |  |  | 3.907.295,00 |  | 1,94% | 1,89% |
| GERMANY 0.10 12-23 | 3.000.000 | EUR | 102,90 | 3.340.904,16 | 1,66% | 1,62% |
| GERMANY 1,75 14-24 | 4.000.000 | EUR | 107,96 | 4.318.240,00 | 2,14% | 2,09% |
| Espagne |  |  |  | 7.659.144,16 |  | 3,80% | 3,71% |
| SPAIN 1,00 14-30 | 3.500.000 | EUR | 120,17 | 4.390.185,03 | 2,18% | 2,13% |
| SPAIN 1,40 18-28 | 1.000.000 | EUR | 112,11 | 1.121.085,00 | 0,56% | 0,54% |
| SPAIN 2,75 14-24 | 6.800.000 | EUR | 112,61 | 7.657.276,00 | 3,80% | 3,71% |
| SPAIN 4,40 13-23 | 6.200.000 | EUR | 114,16 | 7.077.796,00 | 3,51% | 3,43% |
| SPAIN 4,65 10-25 | 5.450.000 | EUR | 123,65 | 6.739.034,00 | 3,35% | 3,27% |
| SPAIN 5,75 01-32 | 2.300.000 | EUR | 164,47 | 3.782.902,00 | 1,88% | 1,83% |
| SPAIN KING 1,8 13-24 | 1.000.000 | EUR | 112,85 | 1.181.132,42 | 0,59% | 0,57% |
| Finlande |  |  |  | 31.949.410,45 |  | 15,86% | 15,49% |
| FINLAND 0,75 15-31 | 1.000.000 | EUR | 112,43 | 1.124.295,00 | 0,56% | 0,55% |
| FINLAND 4,00 09-25 | 100.000 | EUR | 121,71 | 121.708,50 | 0,06% | 0,06% |
| FINLANDE 2,75 12-28 | 2.200.000 | EUR | 125,65 | 2.764.212,00 | 1,37% | 1,34% |
| France |  |  |  | 4.010.215,50 |  | 1,99% | 1,94% |
| FRANCE 0,00 18-29 | 3.000.000 | EUR | 103,75 | 3.112.530,00 | 1,55% | 1,51% |
| FRANCE OAT 3,5 10-26 | 9.000.000 | EUR | 122,47 | 11.021.895,00 | 5,47% | 5,34% |
| Hongrie (République) |  |  |  | 14.134.425,00 |  | 7,02% | 6,85% |
| HUNGARY 0,50 20-30 | 1.000.000 | EUR | 99,41 | 994.090,00 | 0,49% | 0,48% |
| HUNGARY 1,25 18-25 | 6.900.000 | EUR | 105,71 | 7.293.817,50 | 3,62% | 3,54% |
| Irlande |  |  |  | 8.287.907,50 |  | 4,12% | 4,02% |
| IRELAND 1,10 19-29 | 1.000.000 | EUR | 112,94 | 1.129.430,00 | 0,56% | 0,55% |
| IRELAND 1,30 18-33 | 1.000.000 | EUR | 118,92 | 1.189.220,00 | 0,59% | 0,58% |
| IRISH 0,20 20-30 | 500.000 | EUR | 105,10 | 525.520,00 | 0,26% | 0,25% |
| IRISH TREA 1,0 16-26 | 3.000.000 | EUR | 108,69 | 3.260.685,00 | 1,62% | 1,58% |
| Italie |  |  |  | 6.104.855,00 |  | 3,03% | 2,96% |
| ITA BTP 5,25 98-29 | 2.550.000 | EUR | 142,25 | 3.627.413,25 | 1,80% | 1,76% |
| ITA BTP 9,00 93-23 | 7.175.000 | EUR | 126,64 | 9.086.168,88 | 4,51% | 4,40% |
| ITALY 0,40 16-24 | 1.000.000 | EUR | 101,86 | 1.014.963,16 | 0,50% | 0,49% |

| Dénomination | Quantité au 31 décembre 2020 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ITALY 0,95 16-23 | 8.500.000 | EUR | 103,00 | 8.755.212,50 |  | 4,35% | 4,24% |
| ITALY 1,35 19-30 | 1.500.000 | EUR | 108,30 | 1.624.530,00 | 0,81% | 0,79% |
| ITALY 1,60 16-26 | 6.500.000 | EUR | 108,64 | 7.061.795,00 | 3,51% | 3,42% |
| ITALY 2,95 18-38 | 4.700.000 | EUR | 130,64 | 6.140.103,50 | 3,05% | 2,98% |
| ITALY BTP 1,20 17-22 | 4.000.000 | EUR | 102,10 | 4.084.100,00 | 2,03% | 1,98% |
| ITALY BTP 1,50 15-25 | 6.500.000 | EUR | 107,21 | 6.968.585,00 | 3,46% | 3,38% |
| ITALY BTP 5,5 12-22 | 6.200.000 | EUR | 109,85 | 6.810.824,00 | 3,38% | 3,30% |
| ITALY IL 2,60 07-23 | 1.175.000 | EUR | 109,98 | 1.542.100,79 | 0,77% | 0,75% |
| Luxembourg (Grand-Duché) |  |  |  | 56.715.796,08 |  | 28,16% | 27,49% |
| LUXEMBG 0,625 17-27 | 2.000.000 | EUR | 107,23 | 2.144.640,00 | 1,06% | 1,04% |
| Pays-Bas |  |  |  | 2.144.640,00 |  | 1,06% | 1,04% |
| NETHERL 0,25 19-29 | 2.000.000 | EUR | 107,04 | 2.140.860,00 | 1,06% | 1,04% |
| Pologne (République) |  |  |  | 2.140.860,00 |  | 1,06% | 1,04% |
| POLAND 1,00 19-29 | 500.000 | EUR | 109,33 | 546.645,00 | 0,27% | 0,26% |
| Portugal |  |  |  | 546.645,00 |  | 0,27% | 0,26% |
| PORTUGAL 0,475 20-30 | 1.000.000 | EUR | 104,39 | 1.043.865,00 | 0,52% | 0,51% |
| PORTUGAL 2,125 18-28 | 3.000.000 | EUR | 117,92 | 3.537.585,00 | 1,76% | 1,71% |
| PORTUGAL 2,875 15-25 | 3.000.000 | EUR | 116,03 | 3.480.945,00 | 1,73% | 1,69% |
| PORTUGAL 2,875 16-26 | 1.500.000 | EUR | 118,15 | 1.772.317,50 | 0,88% | 0,86% |
| PORTUGAL 4,10 15-45 | 1.000.000 | EUR | 174,30 | 1.743.030,00 | 0,87% | 0,84% |
| PORTUGAL 5,65 13-24 | 3.000.000 | EUR | 119,51 | 3.585.240,00 | 1,78% | 1,74% |
| Roumanie |  |  |  | 15.162.982,50 |  | 7,53% | 7,35% |
| ROMANIA 1,375 20-29 | 300.000 | EUR | 102,03 | 306.088,50 | 0,15% | 0,15% |
| ROMANIA 2,00 19-26 | 2.500.000 | EUR | 106,95 | 2.673.825,00 | 1,33% | 1,30% |
| ROMANIA 2,00 20-32 | 1.800.000 | EUR | 105,06 | 1.891.008,00 | 0,94% | 0,92% |
| ROMANIA 3,50 19-34 | 3.000.000 | EUR | 119,33 | 3.579.870,00 | 1,78% | 1,74% |
| Slovénie (République) |  |  |  | 8.450.791,50 |  | 4,20% | 4,10% |
| SLOVENIA 0,875 20-30 | 1.000.000 | EUR | 110,22 | 1.102.190,00 | 0,55% | 0,53% |
| SLOVENIA 1,00 18-28 | 500.000 | EUR | 109,62 | 548.122,50 | 0,27% | 0,27% |
|  |  |  |  | 1.650.312,50 |  | 0,82% | 0,80% |
| Total - Emis(es) par état |  |  |  | 167.678.990,19 | 83,26% | 81,28% |
| Emis(es) par une institution internationale |  |  |  |  |  |  |
| Luxembourg (Grand-Duché) |  |  |  |  |  |  |
| EIB 0,00 16-24 | 2.500.000 | EUR | 102,17 | 2.554.287,50 | 1,27% | 1,24% |
| ESM 0,10 18-23 | 1.700.000 | EUR | 101,90 | 1.732.274,50 | 0,86% | 0,84% |
| ESM 0,125 16-24 | 2.500.000 | EUR | 102,49 | 2.562.350,00 | 1,27% | 1,24% |
|  |  |  |  | 6.848.912,00 |  | 3,40% | 3,32% |
| Total - Emis(es) par une institution internationale |  |  |  | 6.848.912,00 | 3,40% | 3,32% |
| Obligation du Secteur Public |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| FLEMISH 0,375 16-26 | 2.800.000 | EUR | 104,32 | 2.920.876,00 | 1,45% | 1,42% |
| FLEMISH 1,341 15-25 | 2.500.000 | EUR | 107,88 | 2.697.100,00 | 1,34% | 1,31% |
|  |  |  |  | 5.617.976,00 |  | 2,79% | 2,72% |

| Dénomination | Quantité au 31 décembre 2020 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Total - Obligation du Secteur Public |  |  |  | 5.617.976,00 |  | 2,79% | 2,72% |
| Emis(es) par une entreprise privée |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| BNPPB 0,50 17-24 | 3.000.000 | EUR | 103,67 | 3.110.055,00 | 1,54% | 1,51% |
| FLEMISH 0,854 15-22 | 3.000.000 | EUR | 101,97 | 3.059.085,00 | 1,52% | 1,48% |
| Pays-Bas |  |  |  | 6.169.140,00 |  | 3,06% | 2,99% |
| BNG 0,25 15-25 | 2.000.000 | EUR | 103,31 | 2.066.110,00 | 1,03% | 1,00% |
| BNG 0,75 18-28 | 2.000.000 | EUR | 108,18 | 2.163.580,00 | 1,07% | 1,05% |
| BNG 1,125 14-24 | 2.000.000 | EUR | 106,12 | 2.122.380,00 | 1,05% | 1,03% |
| ING BANK 3,375 12-22 | 1.000.000 | EUR | 104,00 | 1.040.050,00 | 0,52% | 0,50% |
| Slovaquie (République slovaque) |  |  |  | 7.392.120,00 |  | 3,67% | 3,58% |
| VUBSK 0,375 17-22 | 5.000.000 | EUR | 100,86 | 5.043.125,00 | 2,50% | 2,44% |
|  |  |  |  | 5.043.125,00 |  | 2,50% | 2,44% |
| Total - Emis(es) par une entreprise privée |  |  |  | 18.604.385,00 | 9,24% | 9,02% |
| Total - Obligations et autres titres de créances |  |  |  | 198.750.263,19 | 98,68% | 96,35% |
| Instruments du marché monétaire |  |  |  |  |  |  |
| ITALY 3,75 06-21 | 1.000.000 | EUR | 102,50 | 1.024.980,00 | 0,51% | 0,50% |
| ITALY BTP 2,10 10-21 | 1.400.000 | EUR | 102,54 | 1.625.579,08 | 0,81% | 0,79% |
| Total - Instruments du marché monétaire |  |  |  | 2.650.559,08 | 1,32% | 1,28% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 201.400.822,27 | 100,00% | 97,63% |
| Total - portefeuille |  |  |  | 201.400.822,27 | 100,00% | 97,63% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |
| Avoirs bancaires à vue |  |  |  |  |  |  |
| Banque Degroof Petercam |  | EUR |  | 3.259.877,52 |  | 1,58% |
| Total - Avoirs bancaires à vue |  |  |  | 3.259.877,52 |  | 1,58% |
| Total - Dépôts et Liquidités |  |  |  | 3.259.877,52 |  | 1,58% |
| Créances et dettes diverses |  |  |  | 12.726,65 |  | 0,01% |
| Autres |  |  |  | 1.615.583,22 |  | 0,78% |
| Actif Net Total |  |  |  | 206.289.009,66 |  | 100,00% |

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