# COMPOSITION OF THE ASSETS
| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing |  |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| Bermuda |  |  |  |  |  |  |
| ARCH CAP GRP | 18,603 | USD | 42.89 | 710,808.61 | 0.06% | 0.06% |
| ATHENE HOLDING-A | 5,300 | USD | 47.03 | 222,057.02 | 0.02% | 0.02% |
| AXALTA COAT SYST | 6,220 | USD | 30.40 | 168,452.56 | 0.01% | 0.01% |
| BUNGE | 4,530 | USD | 57.55 | 232,250.78 | 0.02% | 0.02% |
| EVEREST REINSURANCE | 2,176 | USD | 276.84 | 536,662.66 | 0.04% | 0.04% |
| IHS MARKIT LTD | 16,901 | USD | 75.35 | 1,134,512.56 | 0.09% | 0.09% |
| INVESCO | 17,917 | USD | 17.98 | 286,991.23 | 0.02% | 0.02% |
| MARVELL TECH GROUP | 25,958 | USD | 26.56 | 614,204.44 | 0.05% | 0.05% |
| NORWEGIAN CRUISE LIN | 10,500 | USD | 58.39 | 546,187.08 | 0.04% | 0.04% |
| RENAISSANCERE | 1,500 | USD | 196.02 | 261,942.09 | 0.02% | 0.02% |
| Canada |  |  |  | 4,714,069.03 |  | 0.39% | 0.39% |
| WASTE CONNECTIONS | 13,700 | CAD | 117.95 | 1,110,136.71 | 0.09% | 0.09% |
| Switzerland |  |  |  | 1,110,136.71 |  | 0.09% | 0.09% |
| CHUBB | 22,876 | USD | 155.66 | 3,172,274.53 | 0.26% | 0.26% |
| TE CONNECTIVITY | 17,426 | USD | 95.84 | 1,487,846.63 | 0.12% | 0.12% |
| Curacao |  |  |  | 4,660,121.16 |  | 0.38% | 0.38% |
| SCHLUMBERGER | 69,290 | USD | 40.20 | 2,481,477.06 | 0.20% | 0.20% |
| United Kingdom |  |  |  | 2,481,477.06 |  | 0.20% | 0.20% |
| AON CORP | 12,270 | USD | 208.29 | 2,276,809.18 | 0.19% | 0.19% |
| LIBERTY GLOBAL A | 7,747 | USD | 22.75 | 157,010.47 | 0.01% | 0.01% |
| LIBERTY GLOBAL -C- | 27,100 | USD | 21.80 | 526,186.64 | 0.04% | 0.04% |
| LINDE | 25,344 | EUR | 190.80 | 4,835,635.20 | 0.40% | 0.40% |
| SENSATA TECHNO | 15,000 | EUR | 47.80 | 717,000.00 | 0.06% | 0.06% |
| TECHNIPFMC REG | 24,130 | EUR | 18.91 | 456,298.30 | 0.04% | 0.04% |
| Ireland |  |  |  | 8,968,939.79 |  | 0.74% | 0.73% |
| ACCENTURE PLC CL A | 29,925 | USD | 210.57 | 5,613,636.75 | 0.46% | 0.46% |
| ALLEGION PLC | 6,600 | USD | 124.54 | 732,261.92 | 0.06% | 0.06% |
| ALLERGAN | 15,705 | USD | 191.17 | 2,674,676.93 | 0.22% | 0.22% |
| EATON CORP -NPV- | 23,156 | USD | 94.72 | 1,953,974.45 | 0.16% | 0.16% |
| INGERSOLL RAND | 15,100 | USD | 132.92 | 1,788,055.23 | 0.15% | 0.15% |
| JAZZ PHARMACEUTICAL | 3,213 | USD | 149.28 | 427,293.22 | 0.04% | 0.04% |
| MEDTRONIC PLC | 65,532 | USD | 113.45 | 6,623,256.48 | 0.54% | 0.54% |
| PENTAIR PLC | 10,200 | USD | 45.87 | 416,814.25 | 0.03% | 0.03% |
| PERRIGO CO | 4,752 | USD | 51.66 | 218,697.84 | 0.02% | 0.02% |
| SEAGATE TECHNOLOGY | 10,259 | USD | 59.49 | 543,704.15 | 0.04% | 0.04% |
| STERIS PLC | 5,000 | USD | 152.42 | 678,930.96 | 0.06% | 0.06% |
| Jersey |  |  |  | 21,671,302.18 |  | 1.78% | 1.78% |
| AMCOR PLC | 75,000 | USD | 10.84 | 724,276.17 | 0.06% | 0.06% |
| APTIV PLC | 11,415 | USD | 94.97 | 965,775.10 | 0.08% | 0.08% |
|  |  |  |  | 1,690,051.27 |  | 0.14% | 0.14% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cayman |  |  |  | 599,700.67 |  | 0.05% | 0.05% |
| GARMIN LTD | 6,900 | USD | 97.56 |
| Liberia |  |  |  | 599,700.67 |  | 0.05% | 0.05% |
| ROYAL CARIBBEAN | 8,473 | USD | 133.51 | 1,007,777.49 | 0.08% | 0.08% |
| Netherlands |  |  |  | 1,007,777.49 |  | 0.08% | 0.08% |
| LYONDELLBASELL IND | 12,700 | USD | 94.48 | 1,068,949.67 | 0.09% | 0.09% |
| MYLAN | 28,000 | USD | 20.10 | 501,380.85 | 0.04% | 0.04% |
| Panama |  |  |  | 1,570,330.52 |  | 0.13% | 0.13% |
| CARNIVAL CORP NEW | 20,600 | USD | 50.83 | 932,826.73 | 0.08% | 0.08% |
| Singapore |  |  |  | 932,826.73 |  | 0.08% | 0.08% |
| FLEX LTD | 16,100 | USD | 12.62 | 181,008.46 | 0.01% | 0.01% |
| United States of America |  |  |  | 181,008.46 |  | 0.01% | 0.01% |
| 3M | 27,700 | USD | 176.42 | 4,353,526.95 | 0.36% | 0.36% |
| A.O.SMITH CORP | 5,060 | USD | 47.64 | 214,751.36 | 0.02% | 0.02% |
| ABBOTT LABORATORIES | 83,993 | USD | 86.86 | 6,499,449.43 | 0.53% | 0.53% |
| ABBVIE | 70,800 | USD | 88.54 | 5,584,527.39 | 0.46% | 0.46% |
| ABIOMED INC | 2,000 | USD | 170.59 | 303,946.55 | 0.02% | 0.02% |
| ACTIVISION BLIZZARD | 36,381 | USD | 59.42 | 1,925,843.22 | 0.16% | 0.16% |
| ACUITY BRANDS | 2,500 | USD | 138.00 | 307,349.67 | 0.03% | 0.03% |
| ADOBE INC | 23,500 | USD | 329.81 | 6,904,708.24 | 0.57% | 0.57% |
| ADVANCE AUTO PARTS | 1,788 | USD | 160.16 | 255,114.55 | 0.02% | 0.02% |
| ADVANCED MICRO | 48,000 | USD | 45.86 | 1,961,051.22 | 0.16% | 0.16% |
| AES | 30,000 | USD | 19.90 | 531,848.55 | 0.04% | 0.04% |
| AFLAC INC | 36,078 | USD | 52.90 | 1,700,246.06 | 0.14% | 0.14% |
| AGILENT | 12,679 | USD | 85.31 | 963,604.00 | 0.08% | 0.08% |
| AGNC INVESTMENT CORP | 32,274 | USD | 17.68 | 508,333.47 | 0.04% | 0.04% |
| AIR PRODUCTS | 10,578 | USD | 234.99 | 2,214,453.65 | 0.18% | 0.18% |
| AKAMAI | 7,557 | USD | 86.38 | 581,535.55 | 0.05% | 0.05% |
| ALBEMARLE CORP | 4,150 | USD | 73.04 | 270,036.53 | 0.02% | 0.02% |
| ALEXANDRIA REIT | 5,630 | USD | 161.58 | 810,419.06 | 0.07% | 0.07% |
| ALEXION PHARM | 11,094 | USD | 108.15 | 1,068,878.49 | 0.09% | 0.09% |
| ALIGN TECHNOLOGY | 2,800 | USD | 279.04 | 696,046.33 | 0.06% | 0.06% |
| ALLEGHANY | 960 | USD | 799.57 | 683,819.33 | 0.06% | 0.06% |
| ALLIANCE DATA | 893 | USD | 112.20 | 89,260.22 | 0.01% | 0.01% |
| ALLIANT ENERGY CORP | 11,924 | USD | 54.72 | 581,275.08 | 0.05% | 0.05% |
| ALLSTATE | 14,700 | USD | 112.45 | 1,472,619.15 | 0.12% | 0.12% |
| ALLY FINANCIAL | 20,000 | USD | 30.56 | 544,498.89 | 0.04% | 0.04% |
| ALNYLAM PHARMA INC | 3,000 | USD | 115.17 | 307,804.01 | 0.03% | 0.03% |
| ALPHABET INC -A- | 14,430 | USD | 1,339.39 | 17,218,171.67 | 1.42% | 1.41% |
| ALPHABET INC -C- | 15,096 | USD | 1,337.02 | 17,980,983.45 | 1.48% | 1.47% |
| ALTICE USA-A | 13,000 | USD | 27.34 | 316,632.52 | 0.03% | 0.03% |
| ALTRIA GROUP | 92,000 | USD | 49.91 | 4,090,619.15 | 0.34% | 0.34% |
| AMAZON COM | 20,340 | USD | 1,847.84 | 33,483,354.65 | 2.75% | 2.74% |
| AMERCO | 100 | USD | 375.82 | 33,480.62 | 0.00% | 0.00% |
| AMEREN | 13,802 | USD | 76.80 | 944,315.01 | 0.08% | 0.08% |
| AMERICAN AIRLINES | 5,000 | USD | 28.68 | 127,750.56 | 0.01% | 0.01% |
| AMERICAN ELECTRIC | 23,667 | USD | 94.51 | 1,992,666.52 | 0.16% | 0.16% |
| AMERICAN EXPRESS | 33,271 | USD | 124.49 | 3,689,894.69 | 0.30% | 0.30% |
| AMERICAN FINANCIAL | 2,700 | USD | 109.65 | 263,746.10 | 0.02% | 0.02% |
| AMERICAN INTL GROUP | 43,500 | USD | 51.33 | 1,989,180.40 | 0.16% | 0.16% |
| AMERICAN TWR CORP | 21,534 | USD | 229.82 | 4,408,858.69 | 0.36% | 0.36% |
| AMERICAN WATER WORKS | 8,323 | USD | 122.85 | 910,895.81 | 0.07% | 0.07% |
| AMERIPRISE | 7,045 | USD | 166.58 | 1,045,484.28 | 0.09% | 0.09% |
| AMERISOURCEBERGEN | 9,827 | USD | 85.02 | 744,313.18 | 0.06% | 0.06% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AMETEK INC -NEW- | 9,712 | USD | 99.74 | 862,962.03 |  | 0.07% | 0.07% |
| AMGEN | 28,700 | USD | 241.07 | 6,163,660.58 | 0.51% | 0.50% |
| AMPHENOL-A | 13,808 | USD | 108.23 | 1,331,349.52 | 0.11% | 0.11% |
| ANALOG | 18,437 | USD | 118.83 | 1,951,759.71 | 0.16% | 0.16% |
| ANNALY MORTGAGE | 58,159 | USD | 9.42 | 488,069.29 | 0.04% | 0.04% |
| ANSYS INC | 4,316 | USD | 257.41 | 989,738.58 | 0.08% | 0.08% |
| ANTHEM | 12,002 | USD | 302.03 | 3,229,366.65 | 0.27% | 0.26% |
| APACHE | 17,145 | USD | 25.59 | 390,860.18 | 0.03% | 0.03% |
| APPLE | 219,000 | USD | 293.65 | 57,291,180.40 | 4.71% | 4.69% |
| APPLIED MATERIALS | 40,179 | USD | 61.04 | 2,184,878.54 | 0.18% | 0.18% |
| AQUA AMERICA INC | 11,000 | USD | 46.94 | 459,991.09 | 0.04% | 0.04% |
| ARAMARK | 13,600 | USD | 43.40 | 525,826.28 | 0.04% | 0.04% |
| ARCHER | 24,600 | USD | 46.35 | 1,015,777.28 | 0.08% | 0.08% |
| ARCONIC | 31,003 | USD | 30.77 | 849,855.06 | 0.07% | 0.07% |
| ARISTA NETWORKS | 3,300 | USD | 203.40 | 597,968.82 | 0.05% | 0.05% |
| ARROW | 2,800 | USD | 84.74 | 211,378.17 | 0.02% | 0.02% |
| ARTHUR J.GALLAGHER | 9,000 | USD | 95.23 | 763,536.75 | 0.06% | 0.06% |
| ASSURANT | 1,796 | USD | 131.08 | 209,728.00 | 0.02% | 0.02% |
| ATMOS ENERGY CORP | 7,000 | USD | 111.86 | 697,567.93 | 0.06% | 0.06% |
| ATT | 351,268 | USD | 39.08 | 12,229,446.27 | 1.01% | 1.00% |
| AUTODESK | 10,400 | USD | 183.46 | 1,699,763.03 | 0.14% | 0.14% |
| AUTOLIV INC | 3,900 | USD | 84.45 | 293,412.03 | 0.02% | 0.02% |
| AUTOMATIC DATA | 21,500 | USD | 170.50 | 3,265,701.56 | 0.27% | 0.27% |
| AUTOZONE | 1,300 | USD | 1,191.31 | 1,379,690.87 | 0.11% | 0.11% |
| AVALONBAY COM | 6,200 | USD | 209.70 | 1,158,253.90 | 0.10% | 0.09% |
| AVERY DENNISON | 4,300 | USD | 130.82 | 501,136.75 | 0.04% | 0.04% |
| AXA EQUITABL HLD | 3,000 | USD | 24.78 | 66,227.17 | 0.01% | 0.01% |
| BAKER HUGHES-A | 27,560 | USD | 25.63 | 629,276.44 | 0.05% | 0.05% |
| BALL CORP | 14,470 | USD | 64.67 | 833,652.47 | 0.07% | 0.07% |
| BANK OF AMERICA | 423,550 | USD | 35.22 | 13,289,470.82 | 1.09% | 1.09% |
| BANK OF NY MELLON | 44,571 | USD | 50.33 | 1,998,448.49 | 0.16% | 0.16% |
| BAXTER INTERNATIONAL | 22,560 | USD | 83.62 | 1,680,594.39 | 0.14% | 0.14% |
| BECTON | 11,898 | USD | 271.97 | 2,882,760.86 | 0.24% | 0.24% |
| BERKSHIRE HATHAWY B | 63,120 | USD | 226.50 | 12,736,463.25 | 1.05% | 1.04% |
| BEST BUY | 9,410 | USD | 87.80 | 736,033.85 | 0.06% | 0.06% |
| BIOGEN INC | 9,900 | USD | 296.73 | 2,617,039.64 | 0.22% | 0.21% |
| BIOMARIN PHARMA | 8,148 | USD | 84.55 | 613,731.31 | 0.05% | 0.05% |
| BIO-RAD LAB A | 1,100 | USD | 370.03 | 362,612.92 | 0.03% | 0.03% |
| BLACK KNIGHT | 8,000 | USD | 64.48 | 459,545.66 | 0.04% | 0.04% |
| BLACKROCK INC | 5,694 | USD | 502.70 | 2,549,998.93 | 0.21% | 0.21% |
| BOEING | 28,855 | USD | 325.76 | 8,373,990.91 | 0.69% | 0.69% |
| BOOKING HLDG | 1,980 | USD | 2,053.73 | 3,622,615.06 | 0.30% | 0.30% |
| BOOZ ALLEN HAM-A | 7,000 | USD | 71.13 | 443,572.38 | 0.04% | 0.04% |
| BORGWARNER | 9,362 | USD | 43.38 | 361,802.73 | 0.03% | 0.03% |
| BOSTON PROPERTIES | 9,447 | USD | 137.86 | 1,160,234.67 | 0.10% | 0.10% |
| BOSTON SCIENTIFIC | 66,738 | USD | 45.22 | 2,688,545.53 | 0.22% | 0.22% |
| BRISTOLMR CVR 12.20 | 37,300 | USD | 3.01 | 100,020.49 | 0.01% | 0.01% |
| BRISTOL-MYERS | 113,949 | USD | 64.19 | 6,516,157.07 | 0.54% | 0.53% |
| BROADCOM INC | 19,651 | USD | 316.02 | 5,532,391.11 | 0.45% | 0.45% |
| BROADRIDGE FINANCIAL | 5,500 | USD | 123.54 | 605,318.49 | 0.05% | 0.05% |
| BROWN AND BROWN INC | 12,000 | USD | 39.48 | 422,057.91 | 0.03% | 0.03% |
| BROWN NVTGRG-B | 14,527 | USD | 67.60 | 874,855.41 | 0.07% | 0.07% |
| BURLINGTON STORE | 3,000 | USD | 228.03 | 609,434.30 | 0.05% | 0.05% |
| CABOT OIL AND GAS | 24,832 | USD | 17.41 | 385,144.87 | 0.03% | 0.03% |
| CADENCE DESIGN | 16,400 | USD | 69.36 | 1,013,366.59 | 0.08% | 0.08% |
| CAMDEN PROPERTY | 2,900 | USD | 106.10 | 274,111.36 | 0.02% | 0.02% |
| CAMPBELL SOUP | 10,358 | USD | 49.42 | 456,028.83 | 0.04% | 0.04% |
| CAPITAL ONE FIN. | 20,671 | USD | 102.91 | 1,895,102.55 | 0.16% | 0.16% |
| CARDINAL HEALTH | 13,609 | USD | 50.58 | 613,223.36 | 0.05% | 0.05% |
| CARMAX NEW | 7,851 | USD | 87.67 | 613,182.33 | 0.05% | 0.05% |
| CATERPILLAR | 25,879 | USD | 147.68 | 3,404,731.15 | 0.28% | 0.28% |
| CBOE GLOBAL MARKETS | 5,500 | USD | 119.90 | 587,483.30 | 0.05% | 0.05% |
| CBRE GROUP-A | 16,336 | USD | 61.29 | 891,967.43 | 0.07% | 0.07% |
| CDK GLOBAL-WI | 4,000 | USD | 54.68 | 194,850.78 | 0.02% | 0.02% |
| CDW | 8,400 | USD | 142.84 | 1,068,914.03 | 0.09% | 0.09% |
| CELANESE | 7,688 | USD | 123.12 | 843,248.61 | 0.07% | 0.07% |
| CENTENE CORP | 18,800 | USD | 62.87 | 1,052,967.48 | 0.09% | 0.09% |
| CENTERPOINT ENERGY | 25,000 | USD | 27.27 | 607,349.67 | 0.05% | 0.05% |
| CENTURYLINK INC | 49,819 | USD | 13.21 | 586,288.63 | 0.05% | 0.05% |
| CERNER CORP | 18,329 | USD | 73.39 | 1,198,365.53 | 0.10% | 0.10% |
| CF INDUSTRIES HLDGS | 12,200 | USD | 47.74 | 518,866.82 | 0.04% | 0.04% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| CHARTER COMM-A | 7,659 | USD | 485.08 | 3,309,779.71 |  | 0.27% | 0.27% |
| CHENIERE ENERGY | 11,399 | USD | 61.07 | 620,166.53 | 0.05% | 0.05% |
| CHEVRON | 90,471 | USD | 120.51 | 9,712,837.60 | 0.80% | 0.80% |
| CHIPOTLE MEXICAN A | 1,068 | USD | 837.11 | 796,466.35 | 0.07% | 0.07% |
| CHURCH - DWIGHT CO | 11,612 | USD | 70.34 | 727,650.85 | 0.06% | 0.06% |
| CIGNA CORPORATION | 18,352 | USD | 204.49 | 3,343,252.10 | 0.27% | 0.27% |
| CINCINNATI FINANCIAL | 7,863 | USD | 105.15 | 736,565.21 | 0.06% | 0.06% |
| CINTAS | 3,997 | USD | 269.08 | 958,140.54 | 0.08% | 0.08% |
| CISCO | 207,833 | USD | 47.96 | 8,879,884.79 | 0.73% | 0.73% |
| CITIGROUP INC | 108,577 | USD | 79.89 | 7,727,587.11 | 0.64% | 0.63% |
| CITIZENS FINL GROUP | 22,100 | USD | 40.61 | 799,537.64 | 0.07% | 0.07% |
| CITRIX | 4,504 | USD | 110.90 | 444,983.16 | 0.04% | 0.04% |
| CLOROX | 5,882 | USD | 153.54 | 804,563.28 | 0.07% | 0.07% |
| CME GROUP -A- | 16,443 | USD | 200.72 | 2,940,257.43 | 0.24% | 0.24% |
| CMS ENERGY CORP | 15,714 | USD | 62.84 | 879,704.02 | 0.07% | 0.07% |
| COCA-COLA CO | 195,732 | USD | 55.35 | 9,651,462.09 | 0.79% | 0.79% |
| COGNEX CORP | 8,000 | USD | 56.04 | 399,394.21 | 0.03% | 0.03% |
| COGNIZANT TECHNOLOGY | 27,439 | USD | 62.02 | 1,516,050.58 | 0.12% | 0.12% |
| COLGATE-PALMOLIVE | 37,204 | USD | 68.84 | 2,281,624.37 | 0.19% | 0.19% |
| COMCAST-A | 217,684 | USD | 44.97 | 8,720,934.95 | 0.72% | 0.71% |
| COMERICA | 7,000 | USD | 71.75 | 447,438.75 | 0.04% | 0.04% |
| CONAGRA BRANDS INC | 25,800 | USD | 34.24 | 786,986.19 | 0.06% | 0.06% |
| CONCHO RESOURCES | 10,606 | USD | 87.57 | 827,409.73 | 0.07% | 0.07% |
| CONOCOPHILLIPS | 52,411 | USD | 65.03 | 3,036,336.15 | 0.25% | 0.25% |
| CONSOLIDATED EDISON | 15,612 | USD | 90.47 | 1,258,278.52 | 0.10% | 0.10% |
| CONSTELLATION BRAND | 7,100 | USD | 189.75 | 1,200,200.45 | 0.10% | 0.10% |
| CONTINENTAL RES | 3,000 | USD | 34.30 | 91,670.38 | 0.01% | 0.01% |
| COOPER COMPANIES | 2,627 | USD | 321.29 | 751,918.78 | 0.06% | 0.06% |
| COPART INC | 9,000 | USD | 90.94 | 729,140.31 | 0.06% | 0.06% |
| CORNING | 44,900 | USD | 29.11 | 1,164,400.00 | 0.10% | 0.10% |
| CORTEVA INC | 39,095 | USD | 29.56 | 1,029,530.69 | 0.08% | 0.08% |
| COSTAR GROUP | 2,000 | USD | 598.30 | 1,066,013.36 | 0.09% | 0.09% |
| COSTCO WHOLESALE | 20,600 | USD | 293.92 | 5,393,988.42 | 0.44% | 0.44% |
| COTY-A | 13,860 | USD | 11.25 | 138,908.69 | 0.01% | 0.01% |
| CROWN CASTLE REIT | 20,394 | USD | 142.15 | 2,582,634.39 | 0.21% | 0.21% |
| CROWN HOLDINGS INC | 8,500 | USD | 72.54 | 549,300.67 | 0.05% | 0.04% |
| CSX | 36,374 | USD | 72.38 | 2,345,272.38 | 0.19% | 0.19% |
| CUMMINS INC | 7,600 | USD | 178.96 | 1,211,666.82 | 0.10% | 0.10% |
| CVS HEALTH CORP | 62,596 | USD | 74.29 | 4,142,767.79 | 0.34% | 0.34% |
| D.R. HORTON | 17,878 | USD | 52.75 | 840,146.55 | 0.07% | 0.07% |
| DANAHER CORP | 31,000 | USD | 153.48 | 4,238,645.88 | 0.35% | 0.35% |
| DARDEN | 5,045 | USD | 109.01 | 489,938.04 | 0.04% | 0.04% |
| DAVITA INC | 5,700 | USD | 75.03 | 380,998.66 | 0.03% | 0.03% |
| DEERE | 17,000 | USD | 173.26 | 2,623,982.18 | 0.22% | 0.21% |
| DELL TECH -C | 6,417 | USD | 51.39 | 293,781.41 | 0.02% | 0.02% |
| DELTA AIR LINES | 8,136 | USD | 58.48 | 423,869.29 | 0.03% | 0.03% |
| DENTSPLY SIRONA | 9,067 | USD | 56.59 | 457,106.04 | 0.04% | 0.04% |
| DEVON ENERGY | 17,028 | USD | 25.97 | 393,957.38 | 0.03% | 0.03% |
| DEXCOM INC | 5,000 | USD | 218.74 | 974,342.98 | 0.08% | 0.08% |
| DIAMONDBACK ENERGY | 8,300 | USD | 92.86 | 686,626.28 | 0.06% | 0.06% |
| DIGITAL REALTY | 11,553 | USD | 119.74 | 1,232,388.61 | 0.10% | 0.10% |
| DISCOVER FINANCIAL | 18,775 | USD | 84.82 | 1,418,704.23 | 0.12% | 0.12% |
| DISCOVERY COMM-C | 15,935 | USD | 30.49 | 432,835.77 | 0.04% | 0.04% |
| DISCOVERY COMMUNIC A | 5,500 | USD | 32.74 | 160,418.71 | 0.01% | 0.01% |
| DISH NETWORK ECHO | 11,726 | USD | 35.47 | 370,531.15 | 0.03% | 0.03% |
| DOCUSIGN | 5,500 | USD | 74.11 | 363,122.49 | 0.03% | 0.03% |
| DOLLAR GENERAL CORP | 12,873 | USD | 155.98 | 1,788,802.26 | 0.15% | 0.15% |
| DOLLAR TREE | 10,713 | USD | 94.05 | 897,601.47 | 0.07% | 0.07% |
| DOMINION ENERGY | 38,393 | USD | 82.82 | 2,832,702.24 | 0.23% | 0.23% |
| DOMINO S PIZZA | 2,500 | USD | 293.78 | 654,298.44 | 0.05% | 0.05% |
| DOVER | 9,000 | USD | 115.26 | 924,133.63 | 0.08% | 0.08% |
| DOW INC W-I | 39,095 | USD | 54.73 | 1,906,164.23 | 0.16% | 0.16% |
| DROPBOX INC | 5,000 | USD | 17.91 | 79,777.28 | 0.01% | 0.01% |
| DTE ENERGY | 9,578 | USD | 129.87 | 1,108,146.87 | 0.09% | 0.09% |
| DUKE ENERGY CORP | 34,600 | USD | 91.24 | 2,812,386.64 | 0.23% | 0.23% |
| DUKE REALTY | 18,673 | USD | 34.67 | 576,742.01 | 0.05% | 0.05% |
| DUPONT DE NEMOURS | 39,095 | USD | 64.20 | 2,235,990.20 | 0.18% | 0.18% |
| DXC TECHNOLGY W-I | 15,234 | USD | 37.59 | 510,152.39 | 0.04% | 0.04% |
| EAST-WEST BANCORP | 7,800 | USD | 48.70 | 338,405.35 | 0.03% | 0.03% |
| EATON VANCE NON VTG | 3,983 | USD | 46.69 | 165,671.51 | 0.01% | 0.01% |
| EBAY | 33,201 | USD | 36.11 | 1,068,051.77 | 0.09% | 0.09% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ECOLAB INC | 13,100 | USD | 192.99 | 2,252,266.37 |  | 0.19% | 0.18% |
| EDISON INT | 18,153 | USD | 75.41 | 1,219,525.82 | 0.10% | 0.10% |
| EDWARDS LIFESCIENCES | 10,032 | USD | 233.29 | 2,084,957.93 | 0.17% | 0.17% |
| ELANCO ANIMAL HEALTH | 10,000 | USD | 29.45 | 262,360.80 | 0.02% | 0.02% |
| ELECTRONIC ARTS | 14,415 | USD | 107.51 | 1,380,629.53 | 0.11% | 0.11% |
| ELI | 42,000 | USD | 131.43 | 4,917,648.11 | 0.40% | 0.40% |
| EMERSON ELECTRIC | 33,700 | USD | 76.26 | 2,289,498.44 | 0.19% | 0.19% |
| ENTERGY | 9,765 | USD | 119.80 | 1,042,179.96 | 0.09% | 0.09% |
| EOG RESOURCES INC | 26,001 | USD | 83.76 | 1,940,172.61 | 0.16% | 0.16% |
| EPAM SYSTEMS INC | 2,000 | USD | 212.16 | 378,013.36 | 0.03% | 0.03% |
| EQUIFAX | 5,635 | USD | 140.12 | 703,408.64 | 0.06% | 0.06% |
| EQUINIX INC | 4,000 | USD | 583.70 | 2,080,000.00 | 0.17% | 0.17% |
| EQUITY LIFESTYLE PRO | 10,000 | USD | 70.39 | 627,082.41 | 0.05% | 0.05% |
| EQUITY RESIDENTIAL | 20,098 | USD | 80.92 | 1,448,846.47 | 0.12% | 0.12% |
| ERIE INDEMNITY -A- | 1,000 | USD | 166.00 | 147,884.19 | 0.01% | 0.01% |
| ESSEX PROPERTY REIT | 3,018 | USD | 300.86 | 808,904.66 | 0.07% | 0.07% |
| ESTEE LAUDER CIE | 11,460 | USD | 206.54 | 2,108,640.00 | 0.17% | 0.17% |
| ETRADE FINANCIAL | 16,100 | USD | 45.37 | 650,741.20 | 0.05% | 0.05% |
| EVERGY INC | 14,000 | USD | 65.09 | 811,812.92 | 0.07% | 0.07% |
| EVERSOURCE ENERGY | 13,899 | USD | 85.07 | 1,053,352.28 | 0.09% | 0.09% |
| EXACT SCIENCES | 6,500 | USD | 92.45 | 535,345.21 | 0.04% | 0.04% |
| EXELON | 46,073 | USD | 45.59 | 1,871,241.04 | 0.15% | 0.15% |
| EXPEDIA | 5,463 | USD | 108.14 | 526,297.39 | 0.04% | 0.04% |
| EXPEDITORS INTL WASH | 7,907 | USD | 78.02 | 549,580.53 | 0.05% | 0.05% |
| EXTRA SP ST REIT | 6,380 | USD | 105.62 | 600,316.79 | 0.05% | 0.05% |
| EXXON MOBIL CORP | 203,600 | USD | 69.78 | 12,656,755.46 | 1.04% | 1.04% |
| F5 NETWORKS INC | 3,940 | USD | 139.65 | 490,174.61 | 0.04% | 0.04% |
| FACEBOOK-A | 115,430 | USD | 205.25 | 21,106,465.48 | 1.74% | 1.73% |
| FACTSET RESERACH | 1,000 | USD | 268.30 | 239,020.04 | 0.02% | 0.02% |
| FASTENAL CO | 34,800 | USD | 36.95 | 1,145,532.29 | 0.09% | 0.09% |
| FEDERAL REALTY INV | 2,371 | USD | 128.73 | 271,909.87 | 0.02% | 0.02% |
| FEDEX | 10,883 | USD | 151.21 | 1,466,029.78 | 0.12% | 0.12% |
| FIDELITY NAT FIN-WI | 12,985 | USD | 45.35 | 524,605.57 | 0.04% | 0.04% |
| FIDELITY NATL INFOR | 30,538 | USD | 139.09 | 3,783,991.47 | 0.31% | 0.31% |
| FIFTH THIRD | 35,034 | USD | 30.74 | 959,416.62 | 0.08% | 0.08% |
| FIRSTENERGY | 25,991 | USD | 48.60 | 1,125,311.89 | 0.09% | 0.09% |
| FIRST REPUBLIC BANK | 7,957 | USD | 117.45 | 832,560.94 | 0.07% | 0.07% |
| FISERV INC | 27,375 | USD | 115.63 | 2,819,929.84 | 0.23% | 0.23% |
| FLEETCOR TECHNOLOGIE | 4,748 | USD | 287.72 | 1,217,010.74 | 0.10% | 0.10% |
| FLIR | 4,474 | USD | 52.07 | 207,537.80 | 0.02% | 0.02% |
| FLOWSERVE | 10,800 | USD | 49.77 | 478,856.12 | 0.04% | 0.04% |
| FMC CORP | 6,132 | USD | 99.82 | 545,297.32 | 0.04% | 0.04% |
| FORD MOTOR | 189,804 | USD | 9.30 | 1,572,540.94 | 0.13% | 0.13% |
| FORTINET INC | 6,000 | USD | 106.76 | 570,654.79 | 0.05% | 0.05% |
| FORTIVE-WI | 17,800 | USD | 76.39 | 1,211,351.45 | 0.10% | 0.10% |
| FORTUNE BRANDS HOME | 9,400 | USD | 65.34 | 547,167.93 | 0.04% | 0.04% |
| FOX -B | 8,093 | USD | 36.40 | 262,436.70 | 0.02% | 0.02% |
| FOX CORP | 18,322 | USD | 37.07 | 605,074.87 | 0.05% | 0.05% |
| FRANKLIN RESOURCES | 18,471 | USD | 25.98 | 427,506.98 | 0.04% | 0.04% |
| FREEPORT MCMORAN | 60,798 | USD | 13.12 | 710,618.94 | 0.06% | 0.06% |
| GAP | 7,152 | USD | 17.68 | 112,647.98 | 0.01% | 0.01% |
| GARTNER INC A | 5,400 | USD | 154.10 | 741,327.39 | 0.06% | 0.06% |
| GENERAL ELECT | 450,459 | USD | 11.16 | 4,478,505.51 | 0.37% | 0.37% |
| GENERAL MILLS INC | 32,047 | USD | 53.56 | 1,529,120.11 | 0.13% | 0.13% |
| GENERAL MOTORS CO | 62,800 | USD | 36.60 | 2,047,643.65 | 0.17% | 0.17% |
| GENUINE PARTS | 6,562 | USD | 106.23 | 621,007.80 | 0.05% | 0.05% |
| GILEAD SCIENCES | 60,320 | USD | 64.98 | 3,491,842.85 | 0.29% | 0.29% |
| GLOBAL PAYMENTS INC | 13,738 | USD | 182.56 | 2,234,306.71 | 0.18% | 0.18% |
| GLOBE LIFE INC | 4,000 | USD | 105.25 | 375,055.68 | 0.03% | 0.03% |
| GODADDY INC-A- | 6,500 | USD | 67.95 | 393,474.39 | 0.03% | 0.03% |
| GOLDMAN SACHS | 14,916 | USD | 229.93 | 3,055,354.90 | 0.25% | 0.25% |
| GRAINGER | 3,800 | USD | 338.52 | 1,145,991.98 | 0.09% | 0.09% |
| GRUBHUB | 4,000 | USD | 48.64 | 173,327.39 | 0.01% | 0.01% |
| GUIDEWIRE SOFTWARE | 4,000 | USD | 109.77 | 391,162.58 | 0.03% | 0.03% |
| HALLIBURTON | 42,414 | USD | 24.47 | 924,606.31 | 0.08% | 0.08% |
| HANESBRANDS INC | 18,276 | USD | 14.85 | 241,780.49 | 0.02% | 0.02% |
| HARLEY DAVIDSON | 5,469 | USD | 37.19 | 181,195.64 | 0.01% | 0.01% |
| HARTFORD | 17,213 | USD | 60.77 | 931,878.85 | 0.08% | 0.08% |
| HASBRO | 6,660 | USD | 105.61 | 626,603.65 | 0.05% | 0.05% |
| HCA HEALTHCARE INC | 13,600 | USD | 147.81 | 1,790,838.31 | 0.15% | 0.15% |
| HD SUPPLY HLDGS | 15,000 | USD | 40.22 | 537,461.02 | 0.04% | 0.04% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| HEALTHPEAK PROPERTIE | 23,470 | USD | 34.47 | 720,722.41 |  | 0.06% | 0.06% |
| HEICO. | 4,000 | USD | 114.15 | 406,770.60 | 0.03% | 0.03% |
| HEICO CORP -A- | 6,500 | USD | 89.53 | 518,436.53 | 0.04% | 0.04% |
| HENRY JACK ASSOCIAT | 4,500 | USD | 145.67 | 583,977.73 | 0.05% | 0.05% |
| HENRY SCHEIN | 7,000 | USD | 66.72 | 416,071.27 | 0.03% | 0.03% |
| HERSHEY | 6,824 | USD | 146.98 | 893,533.65 | 0.07% | 0.07% |
| HESS | 13,681 | USD | 66.81 | 814,278.49 | 0.07% | 0.07% |
| HEWLETT PACKARD WI | 68,752 | USD | 15.86 | 971,409.10 | 0.08% | 0.08% |
| HILTON INC | 12,390 | USD | 110.89 | 1,223,988.51 | 0.10% | 0.10% |
| HOLLYFRONTIER | 8,541 | USD | 50.71 | 385,847.76 | 0.03% | 0.03% |
| HOLOGIC INC | 13,564 | USD | 52.21 | 630,892.15 | 0.05% | 0.05% |
| HOME DEPOT | 54,100 | USD | 218.38 | 10,525,040.53 | 0.87% | 0.86% |
| HONEYWELL INT. | 38,300 | USD | 177.00 | 6,039,287.31 | 0.50% | 0.49% |
| HORMEL FOODS | 9,066 | USD | 45.11 | 364,336.09 | 0.03% | 0.03% |
| HOST HOTELS RESORTS | 40,084 | USD | 18.55 | 662,412.65 | 0.05% | 0.05% |
| HP | 78,652 | USD | 20.55 | 1,439,909.67 | 0.12% | 0.12% |
| HUMANA | 6,485 | USD | 366.52 | 2,117,489.71 | 0.17% | 0.17% |
| HUNTINGTON BANCSHARE | 51,187 | USD | 15.08 | 687,661.43 | 0.06% | 0.06% |
| IAC INTERACTIVECORP | 4,000 | USD | 249.11 | 887,697.10 | 0.07% | 0.07% |
| IBM | 44,100 | USD | 134.04 | 5,266,070.38 | 0.43% | 0.43% |
| IDEX CORP | 4,400 | USD | 172.00 | 674,209.35 | 0.06% | 0.06% |
| IDEXX LABS | 4,000 | USD | 261.13 | 930,530.07 | 0.08% | 0.08% |
| ILLINOIS TOOL | 18,247 | USD | 179.63 | 2,920,007.67 | 0.24% | 0.24% |
| ILLUMINA INC | 7,283 | USD | 331.74 | 2,152,394.14 | 0.18% | 0.18% |
| INCYTE CORP | 7,721 | USD | 87.32 | 600,621.58 | 0.05% | 0.05% |
| INGREDION INC | 3,400 | USD | 92.95 | 281,541.20 | 0.02% | 0.02% |
| INSULET CORP | 3,200 | USD | 171.20 | 488,053.45 | 0.04% | 0.04% |
| INTEL | 211,800 | USD | 59.85 | 11,292,855.23 | 0.93% | 0.93% |
| INTERCON EXCHANGE | 23,510 | USD | 92.55 | 1,938,396.88 | 0.16% | 0.16% |
| INTERPUBLIC | 22,224 | USD | 23.10 | 457,349.13 | 0.04% | 0.04% |
| INTL FLAVORS-FRAGR | 5,079 | USD | 129.02 | 583,779.58 | 0.05% | 0.05% |
| INTUIT | 13,115 | USD | 261.93 | 3,060,322.45 | 0.25% | 0.25% |
| INTUITIVE SURGICAL | 4,930 | USD | 591.15 | 2,596,320.27 | 0.21% | 0.21% |
| INVITATION | 23,000 | USD | 29.97 | 614,084.63 | 0.05% | 0.05% |
| IONIS PHARMACEUTCLS | 6,000 | USD | 60.41 | 322,904.23 | 0.03% | 0.03% |
| IPG PHOTONICS CORP | 1,500 | USD | 144.92 | 193,657.02 | 0.02% | 0.02% |
| IQVIA HOLDINGS INC | 7,336 | USD | 154.51 | 1,009,786.51 | 0.08% | 0.08% |
| IRON MOUNTAIN REIT | 13,152 | USD | 31.87 | 373,411.35 | 0.03% | 0.03% |
| J.B.HUNT TRANSP | 5,408 | USD | 116.78 | 562,624.71 | 0.05% | 0.05% |
| JEFFERIES FINANCIAL | 11,963 | USD | 21.37 | 227,749.94 | 0.02% | 0.02% |
| JM SMUCKER | 5,774 | USD | 104.13 | 535,631.73 | 0.04% | 0.04% |
| JOHNSON | 126,946 | USD | 145.87 | 16,496,759.93 | 1.36% | 1.35% |
| JONES LANG LASALLE | 1,500 | USD | 174.09 | 232,636.97 | 0.02% | 0.02% |
| JPMORGAN CHASE | 156,000 | USD | 139.40 | 19,373,184.86 | 1.59% | 1.59% |
| JUNIPER | 19,232 | USD | 24.63 | 421,990.34 | 0.03% | 0.03% |
| KANSAS CITY SOUTHERN | 5,806 | USD | 153.16 | 792,202.19 | 0.07% | 0.06% |
| KELLOGG | 11,955 | USD | 69.16 | 736,577.10 | 0.06% | 0.06% |
| KEYCORP | 52,710 | USD | 20.24 | 950,423.52 | 0.08% | 0.08% |
| KEYSIGHT TECH-WI | 9,000 | USD | 102.63 | 822,868.60 | 0.07% | 0.07% |
| KIMBERLY-CLARK | 17,000 | USD | 137.55 | 2,083,162.58 | 0.17% | 0.17% |
| KIMCO REALTY | 13,357 | USD | 20.71 | 246,435.16 | 0.02% | 0.02% |
| KINDER MORGAN | 94,887 | USD | 21.17 | 1,789,539.23 | 0.15% | 0.15% |
| KKR AND CO -A- | 15,000 | USD | 29.17 | 389,799.55 | 0.03% | 0.03% |
| KLA CORPORATION | 8,904 | USD | 178.17 | 1,413,296.82 | 0.12% | 0.12% |
| KNGHT-SWIFT TRANSP | 5,000 | USD | 35.84 | 159,643.65 | 0.01% | 0.01% |
| KOHLS CORP. | 1,796 | USD | 50.95 | 81,520.00 | 0.01% | 0.01% |
| KROGER CO | 38,384 | USD | 28.99 | 991,315.96 | 0.08% | 0.08% |
| L3HARRIS TECH | 14,471 | USD | 197.87 | 2,550,892.45 | 0.21% | 0.21% |
| LABORATORY | 4,874 | USD | 169.17 | 734,551.96 | 0.06% | 0.06% |
| LAMB WST HLDG-WI RG | 6,000 | USD | 86.03 | 459,848.55 | 0.04% | 0.04% |
| LAM RESEARCH | 7,638 | USD | 292.40 | 1,989,622.45 | 0.16% | 0.16% |
| LAS VEGAS SANDS | 17,829 | USD | 69.04 | 1,096,582.77 | 0.09% | 0.09% |
| LEAR CORP | 4,000 | USD | 137.22 | 488,979.96 | 0.04% | 0.04% |
| LEGGETT-PLATT | 4,500 | USD | 50.83 | 203,772.83 | 0.02% | 0.02% |
| LEIDOS HOLDG | 4,800 | USD | 97.89 | 418,594.21 | 0.03% | 0.03% |
| LENNAR CORP | 15,633 | USD | 55.79 | 776,984.47 | 0.06% | 0.06% |
| LENNOX INTL | 2,900 | USD | 243.97 | 630,301.11 | 0.05% | 0.05% |
| LIBERTY BROADBAND C | 5,900 | USD | 125.75 | 660,957.68 | 0.05% | 0.05% |
| LIBERTY PROPERTY | 5,905 | USD | 60.05 | 315,897.77 | 0.03% | 0.03% |
| LINCOLN NATIONAL | 8,754 | USD | 59.01 | 460,199.14 | 0.04% | 0.04% |
| LIVE NATION ENTERT | 8,000 | USD | 71.47 | 509,363.03 | 0.04% | 0.04% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| LKQ CORP | 18,315 | USD | 35.70 | 582,490.42 |  | 0.05% | 0.05% |
| LOEWS CORP | 14,644 | USD | 52.49 | 684,778.23 | 0.06% | 0.06% |
| LOWE | 40,596 | USD | 119.76 | 4,331,204.42 | 0.36% | 0.35% |
| LULULEMON ATHLETICA | 6,235 | USD | 231.67 | 1,286,826.24 | 0.11% | 0.11% |
| MANPOWERGROUP INC | 2,375 | USD | 97.10 | 205,445.43 | 0.02% | 0.02% |
| MARATHON OIL CORP | 46,106 | USD | 13.58 | 557,790.18 | 0.05% | 0.05% |
| MARATHON PETROLEUM | 31,560 | USD | 60.25 | 1,693,977.73 | 0.14% | 0.14% |
| MARKEL | 700 | USD | 1,143.17 | 712,889.98 | 0.06% | 0.06% |
| MARKETAXESS HLD | 2,000 | USD | 379.11 | 675,474.39 | 0.06% | 0.06% |
| MARRIOT | 13,369 | USD | 151.43 | 1,803,534.67 | 0.15% | 0.15% |
| MARSH | 23,560 | USD | 111.41 | 2,338,369.35 | 0.19% | 0.19% |
| MARTIN MARIETTA | 3,424 | USD | 279.64 | 852,995.42 | 0.07% | 0.07% |
| MASCO | 19,900 | USD | 47.99 | 850,780.40 | 0.07% | 0.07% |
| MASTERCARD-A | 43,100 | USD | 298.59 | 11,464,791.98 | 0.94% | 0.94% |
| MATCH GROUP INC | 2,500 | USD | 82.11 | 182,873.05 | 0.02% | 0.01% |
| MAXIM INTEG.PRODUCTS | 13,273 | USD | 61.51 | 727,324.93 | 0.06% | 0.06% |
| MCCORMICK | 6,809 | USD | 169.73 | 1,029,569.33 | 0.08% | 0.08% |
| MCDONALD | 35,400 | USD | 197.61 | 6,231,976.84 | 0.51% | 0.51% |
| MCKESSON | 9,002 | USD | 138.32 | 1,109,270.95 | 0.09% | 0.09% |
| MEDICAL PROPERTIES | 22,000 | USD | 21.11 | 413,737.19 | 0.03% | 0.03% |
| MERCADOLIBRE INC | 2,200 | USD | 571.94 | 1,120,951.45 | 0.09% | 0.09% |
| MERCK AND CO INC | 125,445 | USD | 90.95 | 10,164,118.26 | 0.84% | 0.83% |
| METLIFE | 43,264 | USD | 50.97 | 1,964,513.21 | 0.16% | 0.16% |
| METTLER TOLEDO INTL | 1,000 | USD | 793.28 | 706,708.24 | 0.06% | 0.06% |
| MGM RESORTS INTL | 29,169 | USD | 33.27 | 864,545.77 | 0.07% | 0.07% |
| MICROCHIP TECH. | 12,604 | USD | 104.72 | 1,175,849.34 | 0.10% | 0.10% |
| MICRON TECHNOLOGY | 54,691 | USD | 53.78 | 2,620,295.75 | 0.22% | 0.21% |
| MICROSOFT | 350,500 | USD | 157.70 | 49,241,737.19 | 4.05% | 4.03% |
| MID-AMERICA APART | 4,500 | USD | 131.86 | 528,614.70 | 0.04% | 0.04% |
| MIDDLEBY CORP | 4,200 | USD | 109.52 | 409,785.30 | 0.03% | 0.03% |
| MOHAWK INDUSTRIES | 3,083 | USD | 136.38 | 374,574.20 | 0.03% | 0.03% |
| MOLSON COORS | 9,800 | USD | 53.90 | 470,574.61 | 0.04% | 0.04% |
| MONDELEZ INTL | 64,340 | USD | 55.08 | 3,157,102.18 | 0.26% | 0.26% |
| MONGODB INC -A- | 2,000 | USD | 131.61 | 234,494.43 | 0.02% | 0.02% |
| MONSTER BEVERAGE | 23,216 | USD | 63.55 | 1,314,366.86 | 0.11% | 0.11% |
| MOODY | 8,005 | USD | 237.41 | 1,693,066.41 | 0.14% | 0.14% |
| MORGAN STANLEY | 58,500 | USD | 51.12 | 2,664,160.36 | 0.22% | 0.22% |
| MOSAIC CO | 20,681 | USD | 21.64 | 398,696.52 | 0.03% | 0.03% |
| MOTOROLA SOLTN | 7,838 | USD | 161.14 | 1,125,180.69 | 0.09% | 0.09% |
| MSCI | 5,100 | USD | 258.18 | 1,173,022.72 | 0.10% | 0.10% |
| MT BANK CORPORATION | 6,193 | USD | 169.75 | 936,536.08 | 0.08% | 0.08% |
| NASDAQ INC | 8,173 | USD | 107.10 | 779,802.49 | 0.06% | 0.06% |
| NATIONAL-OILWELL | 19,840 | USD | 25.05 | 442,754.57 | 0.04% | 0.04% |
| NATION RET PPT REIT | 4,000 | USD | 53.62 | 191,073.50 | 0.02% | 0.02% |
| NETAPP INC | 8,400 | USD | 62.26 | 465,898.05 | 0.04% | 0.04% |
| NETFLIX | 20,500 | USD | 323.57 | 5,909,296.21 | 0.49% | 0.48% |
| NEUROCRINE BIOSC | 4,500 | USD | 107.49 | 430,917.59 | 0.04% | 0.04% |
| NEWELL BRANDS | 17,846 | USD | 19.22 | 305,568.04 | 0.03% | 0.03% |
| NEWMONT GOLDCORP | 36,063 | USD | 43.45 | 1,395,935.28 | 0.11% | 0.11% |
| NEWS CORP A | 13,711 | USD | 14.13 | 172,654.78 | 0.01% | 0.01% |
| NEXTERA ENERGY INC | 22,800 | USD | 242.16 | 4,918,706.46 | 0.40% | 0.40% |
| NIKE INC -B- | 59,142 | USD | 101.31 | 5,337,796.01 | 0.44% | 0.44% |
| NISOURCE | 17,000 | USD | 27.84 | 421,630.29 | 0.03% | 0.03% |
| NOBLE ENERGY INC | 21,799 | USD | 24.84 | 482,393.91 | 0.04% | 0.04% |
| NORDSTROM | 4,510 | USD | 40.93 | 164,449.27 | 0.01% | 0.01% |
| NORFOLK SOUTHERN | 13,223 | USD | 194.13 | 2,286,842.75 | 0.19% | 0.19% |
| NORTHERN TRUST | 7,667 | USD | 106.24 | 725,649.96 | 0.06% | 0.06% |
| NORTONLIFELOCK INC | 37,790 | USD | 25.52 | 859,154.39 | 0.07% | 0.07% |
| NRG ENERGY | 15,000 | USD | 39.75 | 531,180.40 | 0.04% | 0.04% |
| NUCOR | 15,575 | USD | 56.28 | 780,900.67 | 0.06% | 0.06% |
| NVIDIA | 26,855 | USD | 235.30 | 5,629,382.18 | 0.46% | 0.46% |
| NVR | 200 | USD | 3,808.41 | 678,558.57 | 0.06% | 0.06% |
| OCCIDENTAL PETROLEUM | 47,003 | USD | 41.21 | 1,725,606.80 | 0.14% | 0.14% |
| OGE ENERGY CORP | 10,700 | USD | 44.47 | 423,901.11 | 0.03% | 0.03% |
| OKTA INC | 6,000 | USD | 115.37 | 616,677.06 | 0.05% | 0.05% |
| OLD DOMINION FREIGH | 3,700 | USD | 189.78 | 625,555.46 | 0.05% | 0.05% |
| OMEGA HEALTHCARE | 11,000 | USD | 42.35 | 415,011.14 | 0.03% | 0.03% |
| OMNICOM | 12,178 | USD | 81.02 | 878,985.80 | 0.07% | 0.07% |
| ONEOK NEW | 19,684 | USD | 75.67 | 1,326,938.33 | 0.11% | 0.11% |
| ON SEMICONDUCTOR | 20,000 | USD | 24.38 | 434,387.53 | 0.04% | 0.04% |
| ORACLE | 115,700 | USD | 52.98 | 5,460,833.85 | 0.45% | 0.45% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| O REILLY AUTO | 3,954 | USD | 438.26 | 1,543,768.41 |  | 0.13% | 0.13% |
| OWENS CORNING | 10,500 | USD | 65.12 | 609,140.31 | 0.05% | 0.05% |
| PACCAR | 20,000 | USD | 79.10 | 1,409,354.12 | 0.12% | 0.12% |
| PACKAGING CORP AMER | 4,200 | USD | 111.99 | 419,027.17 | 0.03% | 0.03% |
| PALO ALTO NET | 5,019 | USD | 231.30 | 1,034,204.63 | 0.09% | 0.08% |
| PAPER | 16,500 | USD | 46.05 | 676,904.23 | 0.06% | 0.06% |
| PARKER HANNIFIN | 7,800 | USD | 205.82 | 1,430,196.88 | 0.12% | 0.12% |
| PAYCHEX | 16,839 | USD | 85.06 | 1,276,013.67 | 0.10% | 0.10% |
| PAYCOM SOFTWARE | 2,000 | USD | 264.76 | 471,732.74 | 0.04% | 0.04% |
| PAYPAL HOLDINGS-WI | 54,301 | USD | 108.17 | 5,232,729.77 | 0.43% | 0.43% |
| PEOPLES UNITED FIN | 23,171 | USD | 16.90 | 348,855.14 | 0.03% | 0.03% |
| PEPSICO | 68,458 | USD | 136.67 | 8,335,104.55 | 0.69% | 0.68% |
| PERKINELMER | 5,000 | USD | 97.10 | 432,516.70 | 0.04% | 0.04% |
| PFIZER | 267,000 | USD | 39.18 | 9,319,429.84 | 0.77% | 0.76% |
| PHILIP MORRIS | 77,261 | USD | 85.09 | 5,856,693.53 | 0.48% | 0.48% |
| PHILLIPS 66-WI | 21,519 | USD | 111.41 | 2,135,796.69 | 0.18% | 0.17% |
| PINNACLE WEST CAP | 6,527 | USD | 89.93 | 522,915.91 | 0.04% | 0.04% |
| PINTEREST INC | 6,000 | USD | 18.64 | 99,634.74 | 0.01% | 0.01% |
| PIONEER NAT RES CO | 8,600 | USD | 151.37 | 1,159,716.70 | 0.10% | 0.09% |
| PNC | 21,000 | USD | 159.63 | 2,986,396.44 | 0.25% | 0.24% |
| POLARIS INC | 2,093 | USD | 101.70 | 189,628.60 | 0.02% | 0.02% |
| PPG INDUSTRIES INC | 9,894 | USD | 133.49 | 1,176,614.75 | 0.10% | 0.10% |
| PPL CORP | 31,792 | USD | 35.88 | 1,016,211.10 | 0.08% | 0.08% |
| PRINCIPAL FIN | 11,872 | USD | 55.00 | 581,701.56 | 0.05% | 0.05% |
| PROCTER | 120,301 | USD | 124.90 | 13,385,830.65 | 1.10% | 1.10% |
| PROGRESSIVE | 29,377 | USD | 72.39 | 1,894,522.08 | 0.16% | 0.16% |
| PROLOGIS | 30,183 | USD | 89.14 | 2,396,893.20 | 0.20% | 0.20% |
| PRUDENTIAL FINANCIAL | 15,799 | USD | 93.74 | 1,319,374.84 | 0.11% | 0.11% |
| PTC INC | 5,000 | USD | 74.89 | 333,585.75 | 0.03% | 0.03% |
| PUBLIC SERVICE | 25,782 | USD | 59.05 | 1,356,282.49 | 0.11% | 0.11% |
| PUBLIC STORAGE R | 6,978 | USD | 212.96 | 1,323,861.81 | 0.11% | 0.11% |
| PULTE GROUP INC | 12,418 | USD | 38.80 | 429,236.88 | 0.04% | 0.04% |
| PVH CORP | 3,400 | USD | 105.15 | 318,494.43 | 0.03% | 0.03% |
| QORVO INC | 7,200 | USD | 116.23 | 745,528.73 | 0.06% | 0.06% |
| QUALCOMM | 59,000 | USD | 88.23 | 4,637,478.84 | 0.38% | 0.38% |
| QUEST | 6,855 | USD | 106.79 | 652,156.30 | 0.05% | 0.05% |
| RALPH LAUREN CORP | 1,790 | USD | 117.22 | 186,925.43 | 0.02% | 0.02% |
| RAYMOND JAMES FIN | 6,806 | USD | 89.46 | 542,418.49 | 0.04% | 0.04% |
| RAYTHEON CO | 17,100 | USD | 219.74 | 3,347,486.86 | 0.28% | 0.27% |
| REALTY INCOME REIT | 15,700 | USD | 73.63 | 1,029,836.08 | 0.08% | 0.08% |
| REGENCY CENTERS | 6,221 | USD | 63.09 | 349,650.68 | 0.03% | 0.03% |
| REGENERON PHARMA INC | 4,321 | USD | 375.48 | 1,445,388.94 | 0.12% | 0.12% |
| REGIONS FINANCIAL | 42,084 | USD | 17.16 | 643,350.95 | 0.05% | 0.05% |
| REINSURNCE GR AMER | 3,500 | USD | 163.06 | 508,427.62 | 0.04% | 0.04% |
| REPUBLIC SERVICES | 8,964 | USD | 89.63 | 715,762.42 | 0.06% | 0.06% |
| RESMED INC | 7,477 | USD | 154.97 | 1,032,258.97 | 0.08% | 0.08% |
| RINGCENTRAL A INC | 3,700 | USD | 168.67 | 555,972.38 | 0.05% | 0.05% |
| ROBERT HALF | 7,116 | USD | 63.15 | 400,334.43 | 0.03% | 0.03% |
| ROBINSON WORLDWIDE | 7,400 | USD | 78.20 | 515,527.84 | 0.04% | 0.04% |
| ROCKWELL | 5,198 | USD | 202.67 | 938,511.06 | 0.08% | 0.08% |
| ROKU INC | 4,000 | USD | 133.90 | 477,149.22 | 0.04% | 0.04% |
| ROLLINS INC | 9,150 | USD | 33.16 | 270,302.00 | 0.02% | 0.02% |
| ROPER TECHNOLOGIES | 5,559 | USD | 354.23 | 1,754,266.88 | 0.14% | 0.14% |
| ROSS STORES | 17,226 | USD | 116.42 | 1,786,593.25 | 0.15% | 0.15% |
| RPM INTERNATIONAL | 6,500 | USD | 76.76 | 444,489.98 | 0.04% | 0.04% |
| SABRE | 14,000 | USD | 22.44 | 279,875.28 | 0.02% | 0.02% |
| SALESFORCE.COM | 39,705 | USD | 162.61 | 5,751,830.78 | 0.47% | 0.47% |
| SAREPTA THERAP | 3,000 | USD | 129.04 | 344,873.05 | 0.03% | 0.03% |
| SBA COMMUNICATIONS | 5,715 | USD | 240.99 | 1,226,955.77 | 0.10% | 0.10% |
| SCHWAB | 55,350 | USD | 47.56 | 2,345,163.47 | 0.19% | 0.19% |
| SEALED AIR-1998 | 8,300 | USD | 39.83 | 294,511.36 | 0.02% | 0.02% |
| SEATTLE GENETICS INC | 5,300 | USD | 114.26 | 539,490.42 | 0.04% | 0.04% |
| SEI INVESTMENTS | 9,150 | USD | 65.48 | 533,756.79 | 0.04% | 0.04% |
| SEMPRA ENERGY | 11,831 | USD | 151.48 | 1,596,578.96 | 0.13% | 0.13% |
| SERVICENOW INC | 8,616 | USD | 282.32 | 2,167,010.35 | 0.18% | 0.18% |
| SHERWIN | 3,950 | USD | 583.54 | 2,053,436.97 | 0.17% | 0.17% |
| SIGNATURE BANK | 2,900 | USD | 136.61 | 352,934.52 | 0.03% | 0.03% |
| SIMON PROPERTY GROUP | 16,067 | USD | 148.96 | 2,132,151.73 | 0.18% | 0.17% |
| SIRIUS XM HLDGS | 70,000 | USD | 7.15 | 445,879.73 | 0.04% | 0.04% |
| SKYWORKS SOLUTIONS | 8,096 | USD | 120.88 | 871,843.63 | 0.07% | 0.07% |
| SL GREEN REALTY | 5,168 | USD | 91.88 | 423,016.34 | 0.03% | 0.03% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| SNAP-A | 35,000 | USD | 16.33 | 509,175.95 |  | 0.04% | 0.04% |
| SNAP-ON | 3,200 | USD | 169.40 | 482,922.05 | 0.04% | 0.04% |
| SOUTHERN | 50,189 | USD | 63.70 | 2,848,141.92 | 0.23% | 0.23% |
| SOUTHWEST AIRLINES | 8,713 | USD | 53.98 | 419,000.21 | 0.03% | 0.03% |
| SPECTRUM BRN HLDG | 299 | USD | 64.29 | 17,124.91 | 0.00% | 0.00% |
| SP GLOBAL | 12,149 | USD | 273.05 | 2,955,264.54 | 0.24% | 0.24% |
| SPIRIT AEROSYS HLDG | 9,800 | USD | 72.88 | 636,279.73 | 0.05% | 0.05% |
| SPLUNK INC | 5,870 | USD | 149.77 | 783,207.04 | 0.06% | 0.06% |
| SPRINT CORPORATION | 28,365 | USD | 5.21 | 131,654.03 | 0.01% | 0.01% |
| SQUARE INC -A- | 15,000 | USD | 62.56 | 835,991.09 | 0.07% | 0.07% |
| SSC TECH HLDGS | 11,100 | USD | 61.40 | 607,162.58 | 0.05% | 0.05% |
| STANLEY BLACK DECK | 6,413 | USD | 165.74 | 946,895.88 | 0.08% | 0.08% |
| STARBUCKS CORP | 57,830 | USD | 87.92 | 4,529,544.41 | 0.37% | 0.37% |
| STATE STREET | 18,362 | USD | 79.10 | 1,293,928.02 | 0.11% | 0.11% |
| STEEL DYNAMICS | 12,800 | USD | 34.04 | 388,162.14 | 0.03% | 0.03% |
| STRYKER | 16,480 | USD | 209.94 | 3,082,237.15 | 0.25% | 0.25% |
| SUN COMMUNITIES INC | 3,500 | USD | 150.10 | 468,017.82 | 0.04% | 0.04% |
| SVB FINANCIAL GROUP | 2,800 | USD | 251.04 | 626,202.23 | 0.05% | 0.05% |
| SYNCHRONY FINANCIAL | 35,200 | USD | 36.01 | 1,129,222.27 | 0.09% | 0.09% |
| SYNOPSYS | 6,560 | USD | 139.20 | 813,498.44 | 0.07% | 0.07% |
| SYSCO | 25,200 | USD | 85.54 | 1,920,363.47 | 0.16% | 0.16% |
| TAKE-TWO INTERACT | 5,700 | USD | 122.41 | 621,591.98 | 0.05% | 0.05% |
| TAPESTRY INC | 2,633 | USD | 26.97 | 63,262.37 | 0.01% | 0.01% |
| TARGA RESOURCES INC | 12,200 | USD | 40.83 | 443,764.81 | 0.04% | 0.04% |
| TARGET CORP | 23,963 | USD | 128.21 | 2,737,012.23 | 0.23% | 0.22% |
| TD AMERITRADE HLDG | 11,067 | USD | 49.70 | 490,004.37 | 0.04% | 0.04% |
| TELEDYNE TECH | 2,000 | USD | 346.54 | 617,443.21 | 0.05% | 0.05% |
| TELEFLEX INC | 1,800 | USD | 376.44 | 603,645.43 | 0.05% | 0.05% |
| TERADYNE INC | 9,000 | USD | 68.19 | 546,734.97 | 0.04% | 0.04% |
| TESLA INC REGISTERED | 6,279 | USD | 418.33 | 2,340,039.26 | 0.19% | 0.19% |
| TEXAS | 43,730 | USD | 128.29 | 4,997,881.25 | 0.41% | 0.41% |
| THE BLACKSTONE GROUP | 34,000 | USD | 55.94 | 1,694,396.44 | 0.14% | 0.14% |
| THE KRAFT HEINZ | 28,500 | USD | 32.13 | 815,772.83 | 0.07% | 0.07% |
| THERMO FISHER SCIEN | 19,170 | USD | 324.87 | 5,548,113.94 | 0.46% | 0.45% |
| TIFFANY | 4,911 | USD | 133.65 | 584,726.19 | 0.05% | 0.05% |
| TJX COS INC | 64,248 | USD | 61.06 | 3,494,862.25 | 0.29% | 0.29% |
| T-MOBILE US INC | 17,705 | USD | 78.42 | 1,236,905.21 | 0.10% | 0.10% |
| TRACTOR SUPPLY | 6,300 | USD | 93.44 | 524,429.40 | 0.04% | 0.04% |
| TRANSUNION | 10,000 | USD | 85.61 | 762,672.61 | 0.06% | 0.06% |
| TRAVELERS COMP | 11,775 | USD | 136.95 | 1,436,602.45 | 0.12% | 0.12% |
| TRIMBLE | 8,563 | USD | 41.69 | 318,032.49 | 0.03% | 0.03% |
| TRIPADVISOR INC | 3,806 | USD | 30.38 | 102,990.87 | 0.01% | 0.01% |
| T ROWE PRICE GROUP | 11,254 | USD | 121.84 | 1,221,547.76 | 0.10% | 0.10% |
| TRUIST FINANCIAL | 67,618 | USD | 56.32 | 3,392,646.56 | 0.28% | 0.28% |
| TWILIO-A | 5,500 | USD | 98.28 | 481,550.11 | 0.04% | 0.04% |
| TWITTER INC | 35,423 | USD | 32.05 | 1,011,409.49 | 0.08% | 0.08% |
| TYLER TECHNOLOGIES | 2,000 | USD | 300.02 | 534,556.79 | 0.04% | 0.04% |
| TYSON FOODS | 12,989 | USD | 91.04 | 1,053,468.65 | 0.09% | 0.09% |
| UBER TECHNOLOGIES | 10,000 | USD | 29.74 | 264,944.32 | 0.02% | 0.02% |
| UGI CORP | 9,300 | USD | 45.16 | 374,154.12 | 0.03% | 0.03% |
| ULTA BEAUTY INC | 2,618 | USD | 253.14 | 590,396.90 | 0.05% | 0.05% |
| UNDER ARMOUR -A- | 5,835 | USD | 21.60 | 112,281.51 | 0.01% | 0.01% |
| UNDER ARMOUR-C-WI | 5,876 | USD | 19.18 | 100,402.39 | 0.01% | 0.01% |
| UNION PACIFIC | 33,430 | USD | 180.79 | 5,384,240.27 | 0.44% | 0.44% |
| UNITED AIRLINES | 2,400 | USD | 88.11 | 188,386.64 | 0.02% | 0.02% |
| UNITEDHEALTH | 46,420 | USD | 293.98 | 12,157,284.28 | 1.00% | 1.00% |
| UNITED PARCEL | 32,609 | USD | 117.06 | 3,400,632.11 | 0.28% | 0.28% |
| UNITED RENTALS | 6,300 | USD | 166.77 | 935,991.98 | 0.08% | 0.08% |
| UNITED TECHNOLOGIES | 43,078 | USD | 149.76 | 5,747,315.17 | 0.47% | 0.47% |
| UNIV HEALTH SERV-B | 4,779 | USD | 143.46 | 610,775.36 | 0.05% | 0.05% |
| UNUM | 10,934 | USD | 29.16 | 284,040.48 | 0.02% | 0.02% |
| US BANCORP-FIRSTAR- | 68,891 | USD | 59.29 | 3,638,795.00 | 0.30% | 0.30% |
| VAIL RESORTS INC | 2,300 | USD | 239.83 | 491,411.14 | 0.04% | 0.04% |
| VALERO ENERGY | 17,000 | USD | 93.65 | 1,418,307.35 | 0.12% | 0.12% |
| VARIAN MEDICAL SYS | 4,829 | USD | 142.01 | 610,927.65 | 0.05% | 0.05% |
| VEEVA SYSTEMS-A | 6,400 | USD | 140.66 | 801,981.29 | 0.07% | 0.07% |
| VENTAS INC | 19,476 | USD | 57.74 | 1,001,821.15 | 0.08% | 0.08% |
| VEREIT | 55,024 | USD | 9.24 | 452,936.98 | 0.04% | 0.04% |
| VERISIGN | 5,405 | USD | 192.68 | 927,782.09 | 0.08% | 0.08% |
| VERISK ANALYTCS | 7,251 | USD | 149.38 | 964,948.22 | 0.08% | 0.08% |
| VERIZON | 200,000 | USD | 61.40 | 10,939,866.37 | 0.90% | 0.90% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| VERTEX | 13,340 | USD | 218.95 | 2,602,042.76 |  | 0.21% | 0.21% |
| VF CORP | 19,096 | USD | 99.66 | 1,695,418.58 | 0.14% | 0.14% |
| VIACOMCBS INC-B | 29,058 | USD | 41.97 | 1,086,471.50 | 0.09% | 0.09% |
| VICI PROPERTIES INC | 24,000 | USD | 25.55 | 546,280.62 | 0.04% | 0.04% |
| VISA-A | 83,150 | USD | 187.90 | 13,918,828.51 | 1.14% | 1.14% |
| VISTRA ENERGY CORP | 10,000 | USD | 22.99 | 204,810.69 | 0.02% | 0.02% |
| VMWARE | 2,786 | USD | 151.79 | 376,736.69 | 0.03% | 0.03% |
| VORNADO REALTY TRUST | 7,523 | USD | 66.50 | 445,683.30 | 0.04% | 0.04% |
| VOYA FINANCIAL | 6,185 | USD | 60.98 | 336,001.16 | 0.03% | 0.03% |
| VULCAN | 8,258 | USD | 143.99 | 1,059,304.61 | 0.09% | 0.09% |
| W.P. CAREY REIT | 7,500 | USD | 80.04 | 534,788.42 | 0.04% | 0.04% |
| WABCO | 3,200 | USD | 135.50 | 386,280.62 | 0.03% | 0.03% |
| WABTEC | 7,840 | USD | 77.80 | 543,387.08 | 0.04% | 0.04% |
| WALGREENS BOOTS | 38,563 | USD | 58.96 | 2,025,545.19 | 0.17% | 0.17% |
| WAL MART | 69,857 | USD | 118.84 | 7,395,818.16 | 0.61% | 0.61% |
| WALT DISNEY | 86,675 | USD | 144.63 | 11,167,755.23 | 0.92% | 0.91% |
| WASTE | 20,667 | USD | 113.96 | 2,098,183.80 | 0.17% | 0.17% |
| WATERS | 3,939 | USD | 233.65 | 819,908.55 | 0.07% | 0.07% |
| WAYFAIR INC -A- | 3,000 | USD | 90.37 | 241,523.39 | 0.02% | 0.02% |
| WEC ENERGY GROUP INC | 14,843 | USD | 92.23 | 1,219,572.29 | 0.10% | 0.10% |
| WELLCARE HEALTH PLN | 3,000 | USD | 330.21 | 882,521.16 | 0.07% | 0.07% |
| WELLS FARGO | 205,000 | USD | 53.80 | 9,825,389.76 | 0.81% | 0.80% |
| WELLTOWER INC | 19,934 | USD | 81.78 | 1,452,296.23 | 0.12% | 0.12% |
| WESTERN DIGITAL | 14,108 | USD | 63.47 | 797,714.71 | 0.07% | 0.07% |
| WESTERN UNION | 20,627 | USD | 26.78 | 492,107.85 | 0.04% | 0.04% |
| WESTLAKE CHEMICAL | 1,500 | USD | 70.15 | 93,741.65 | 0.01% | 0.01% |
| WEST PHARMACEUTICAL | 3,700 | USD | 150.33 | 495,519.82 | 0.04% | 0.04% |
| WESTROCK CO | 11,800 | USD | 42.91 | 451,080.62 | 0.04% | 0.04% |
| WEYERHAEUSER | 41,773 | USD | 30.20 | 1,123,870.47 | 0.09% | 0.09% |
| WHIRLPOOL | 3,664 | USD | 147.53 | 481,558.95 | 0.04% | 0.04% |
| WILLIAMS COMPANIES | 63,811 | USD | 23.72 | 1,348,415.96 | 0.11% | 0.11% |
| WORKDAY INC -A- | 8,200 | USD | 164.53 | 1,201,911.80 | 0.10% | 0.10% |
| WR BERKLEY | 7,936 | USD | 69.10 | 488,532.38 | 0.04% | 0.04% |
| WYNN RESORTS | 4,555 | USD | 138.87 | 563,521.47 | 0.05% | 0.05% |
| XCEL ENERGY | 22,887 | USD | 63.49 | 1,294,517.27 | 0.11% | 0.11% |
| XEROX HOLDINGS CORP | 7,422 | USD | 36.87 | 243,785.43 | 0.02% | 0.02% |
| XILINX | 10,627 | USD | 97.77 | 925,614.07 | 0.08% | 0.08% |
| XPO LOGISTICS | 4,000 | USD | 79.70 | 284,008.91 | 0.02% | 0.02% |
| XYLEM INC | 13,341 | USD | 78.79 | 936,425.29 | 0.08% | 0.08% |
| YUM BRANDS | 15,608 | USD | 100.73 | 1,400,618.12 | 0.12% | 0.11% |
| ZAYO GROUP HOLDINGS | 7,500 | USD | 34.65 | 231,514.48 | 0.02% | 0.02% |
| ZEBRA TECHNO | 2,000 | USD | 255.44 | 455,126.95 | 0.04% | 0.04% |
| ZILLOW GROUP-C | 9,200 | USD | 45.94 | 376,523.83 | 0.03% | 0.03% |
| ZIMMER BIOMET | 10,700 | USD | 149.68 | 1,426,793.76 | 0.12% | 0.12% |
| ZIONS BANCORPORATION | 6,500 | USD | 51.92 | 300,650.33 | 0.02% | 0.02% |
| ZOETIS-A | 23,385 | USD | 132.35 | 2,757,242.54 | 0.23% | 0.23% |
| British Virgin Islands |  |  |  | 1,161,508,855.54 |  | 95.49% | 95.14% |
| CAPRI HLDG | 10,256 | USD | 38.15 | 348,566.95 | 0.03% | 0.03% |
|  |  |  |  | 348,566.95 |  | 0.03% | 0.03% |
| Total - Shares |  |  |  | 1,211,445,163.56 | 99.59% | 99.23% |
| UCI with variable number of shares |  |  |  |  |  |  |
| Real estate |  |  |  |  |  |  |
| Non Directive 2009/65/CE - Non FSMA |  |  |  |  |  |  |
| UNITED DOMINION RE D | 18,500 | USD | 46.70 | 769,665.92 | 0.06% | 0.06% |
| Total - Non Directive 2009/65/CE - Non FSMA |  |  |  | 769,665.92 | 0.06% | 0.06% |
| Total - Real estate |  |  |  | 769,665.92 | 0.06% | 0.06% |
| Total - UCI with variable number of shares |  |  |  | 769,665.92 | 0.06% | 0.06% |
| Financial derivatives |  |  |  |
| Warrants |  |  |  |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| USD |  |  |  | 0.00 |  | 0.00% | 0.00% |
| AIG WRT 11-21 | 120,942 | USD | 0.00 |
|  |  |  |  | 0.00 |  | 0.00% | 0.00% |
| Total - Warrants |  |  |  | 0.00 | 0.00% | 0.00% |
| Total - Financial derivatives |  |  |  | 0.00 | 0.00% | 0.00% |
| Total - Transferable securities admitted to an official stock exchange listing |  |  |  | 1,212,214,829.48 | 99.65% | 99.29% |
| Other transferable securities |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| United Kingdom |  |  |  |  |  |  |
| NIELSEN HLD | 18,252 | USD | 20.30 | 330,080.71 | 0.03% | 0.03% |
| Ireland |  |  |  | 330,080.71 |  | 0.03% | 0.03% |
| JOHNSON CONTROLS | 45,771 | USD | 40.71 | 1,659,988.78 | 0.14% | 0.14% |
| WILLIS TOWERS WATSON | 7,604 | USD | 201.94 | 1,367,974.84 | 0.11% | 0.11% |
| United States of America |  |  |  | 3,027,963.62 |  | 0.25% | 0.25% |
| ENRON | 17,100 | USD | 0.00 | 0.00 | 0.00% | 0.00% |
| EXODUS | 6,400 | USD | 0.00 | 0.00 | 0.00% | 0.00% |
| FIRST HORIZON FRACT | 19,687 | USD | 0.00 | 0.00 | 0.00% | 0.00% |
| LIBERTY-A-SIRIUSXM | 3,230 | USD | 48.34 | 139,098.62 | 0.01% | 0.01% |
| LIBERTY-C-SIRIUSXM | 6,813 | USD | 48.14 | 292,185.14 | 0.02% | 0.02% |
| LIBERTY MEDIA CORP | 10,400 | USD | 45.97 | 425,867.26 | 0.04% | 0.03% |
|  |  |  |  | 857,151.02 |  | 0.07% | 0.07% |
| Total - Shares |  |  |  | 4,215,195.35 | 0.35% | 0.35% |
| Total - Other transferable securities |  |  |  | 4,215,195.35 | 0.35% | 0.35% |
| Total - portfolio |  |  |  | 1,216,430,024.83 | 100.00% | 99.64% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |  |  |
| deposit and liquid assets |  |  |  |  |  |  |
| Intérêts sur CC |  | CAD |  | 0.94 |  | 0.00% |
| Intérêts sur CC |  | USD |  | 808.89 |  | 0.00% |
| Banque Degroof Petercam |  | CHF |  | 671.62 |  | 0.00% |
| Banque Degroof Petercam |  | CAD |  | 927.77 |  | 0.00% |
| Banque Degroof Petercam |  | USD |  | 496,185.61 |  | 0.04% |
| Banque Degroof Petercam |  | GBP |  | 1.08 |  | 0.00% |
| Banque Degroof Petercam |  | EUR |  | 3,407.41 |  | 0.00% |
| Banque Degroof Petercam |  | CAD |  | 67.37 |  | 0.00% |
| Banque Degroof Petercam |  | GBP |  | 0.06 |  | 0.00% |
| Total - deposit and liquid assets |  |  |  | 502,070.75 |  | 0.04% |
| Total - Deposits and liquid assets |  |  |  | 502,070.75 |  | 0.04% |
| Other receivables and other payables |  |  |  | 3,891,024.04 |  | 0.32% |
| Others |  |  |  | 0.00 |  | 0.00% |

| Description | Quantity at 31 December 2019 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Total net assets |  |  |  | 1,220,823,119.62 |  |  | 100,00% |

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Translation (ENFR, 2019-12-31):
# COMPOSITION DES ACTIFS
| Dénomination | Quantité au 31 décembre 2019 | 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 | 106,64 | 1.599.555,00 | 0,46% | 0,45% |
| AUSTRIA 3,65 11-22 | 3.000.000 | EUR | 109,82 | 3.294.570,00 | 0,95% | 0,92% |
| Belgique |  |  |  | 4.894.125,00 |  | 1,41% | 1,36% |
| BELGIQUE 2,60 14-24 | 1.500.000 | EUR | 113,46 | 1.701.885,00 | 0,49% | 0,47% |
| Allemagne |  |  |  | 1.701.885,00 |  | 0,49% | 0,47% |
| GERMANY 0.10 12-23 | 3.000.000 | EUR | 104,22 | 3.397.515,88 | 0,98% | 0,95% |
| GERMANY 6,25 94-24 | 2.850.000 | EUR | 127,57 | 3.635.631,00 | 1,05% | 1,01% |
| Espagne |  |  |  | 7.033.146,88 |  | 2,03% | 1,96% |
| SPAIN 1,00 14-30 | 6.000.000 | EUR | 118,17 | 7.430.357,00 | 2,14% | 2,07% |
| SPAIN 1,40 18-28 | 1.500.000 | EUR | 108,83 | 1.632.510,00 | 0,47% | 0,45% |
| SPAIN 2,75 14-24 | 9.800.000 | EUR | 113,63 | 11.135.691,00 | 3,21% | 3,10% |
| SPAIN 4,40 13-23 | 10.200.000 | EUR | 117,55 | 11.990.355,00 | 3,46% | 3,34% |
| SPAIN 4,65 10-25 | 10.450.000 | EUR | 125,69 | 13.134.291,50 | 3,79% | 3,65% |
| SPAIN 5,50 11-21 | 6.075.000 | EUR | 107,90 | 6.554.803,50 | 1,89% | 1,82% |
| SPAIN 5,75 01-32 | 3.000.000 | EUR | 162,13 | 4.863.930,00 | 1,40% | 1,35% |
| SPAIN KING 1,8 13-24 | 5.000.000 | EUR | 114,39 | 6.010.464,91 | 1,73% | 1,67% |
| Finlande |  |  |  | 62.752.402,91 |  | 18,09% | 17,46% |
| FINLAND 4,00 09-25 | 100.000 | EUR | 124,08 | 124.079,00 | 0,04% | 0,03% |
| FINLANDE 2,75 12-28 | 5.000.000 | EUR | 123,78 | 6.189.250,00 | 1,78% | 1,72% |
| France |  |  |  | 6.313.329,00 |  | 1,82% | 1,76% |
| FRANCE OAT 3,5 10-26 | 10.000.000 | EUR | 123,66 | 12.365.850,00 | 3,56% | 3,44% |
| FRA OAT 4,25 07-23 | 7.000.000 | EUR | 118,28 | 8.279.740,00 | 2,39% | 2,30% |
| Hongrie (République) |  |  |  | 20.645.590,00 |  | 5,95% | 5,74% |
| HUNGARY 1,25 18-25 | 10.200.000 | EUR | 106,44 | 10.857.390,00 | 3,13% | 3,02% |
| Irlande |  |  |  | 10.857.390,00 |  | 3,13% | 3,02% |
| IRELAND 1,10 19-29 | 1.000.000 | EUR | 109,20 | 1.091.985,00 | 0,31% | 0,30% |
| IRELAND 1,30 18-33 | 1.000.000 | EUR | 111,69 | 1.116.855,00 | 0,32% | 0,31% |
| IRISH TRE 3,40 14-24 | 5.850.000 | EUR | 115,79 | 6.773.773,50 | 1,95% | 1,88% |
| IRISH TREA 1,0 16-26 | 8.000.000 | EUR | 107,14 | 8.571.360,00 | 2,47% | 2,38% |
| Italie |  |  |  | 17.553.973,50 |  | 5,06% | 4,88% |
| ITA BTP 5,25 98-29 | 4.050.000 | EUR | 135,79 | 5.499.535,50 | 1,59% | 1,53% |
| ITA BTP 9,00 93-23 | 7.175.000 | EUR | 132,88 | 9.534.427,00 | 2,75% | 2,65% |
| ITALY 0,40 16-24 | 7.000.000 | EUR | 100,03 | 6.971.359,79 | 2,01% | 1,94% |
| ITALY 0,95 16-23 | 8.500.000 | EUR | 102,29 | 8.694.777,50 | 2,51% | 2,42% |

| Dénomination | Quantité au 31 décembre 2019 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ITALY 1,60 16-26 | 11.000.000 | EUR | 104,64 | 11.510.950,00 |  | 3,32% | 3,20% |
| ITALY 1,65 14-20 | 2.750.000 | EUR | 101,19 | 2.765.303,64 | 0,80% | 0,77% |
| ITALY 2,95 18-38 | 5.700.000 | EUR | 113,30 | 6.458.185,50 | 1,86% | 1,80% |
| ITALY 3,75 06-21 | 2.000.000 | EUR | 106,11 | 2.122.270,00 | 0,61% | 0,59% |
| ITALY 3,75 10-21 | 2.300.000 | EUR | 104,70 | 2.408.054,00 | 0,69% | 0,67% |
| ITALY 5,00 11-22 | 5.650.000 | EUR | 110,81 | 6.260.765,00 | 1,80% | 1,74% |
| ITALY BTP 1,20 17-22 | 6.000.000 | EUR | 102,59 | 6.155.220,00 | 1,77% | 1,71% |
| ITALY BTP 1,50 15-25 | 7.500.000 | EUR | 104,04 | 7.803.075,00 | 2,25% | 2,17% |
| ITALY BTP 2,10 10-21 | 3.400.000 | EUR | 105,06 | 4.061.480,92 | 1,17% | 1,13% |
| ITALY BTP 5,5 12-22 | 9.200.000 | EUR | 114,32 | 10.517.072,00 | 3,03% | 2,93% |
| ITALY IL 2,60 07-23 | 2.675.000 | EUR | 111,22 | 3.564.619,05 | 1,03% | 0,99% |
| Luxembourg (Grand-Duché) |  |  |  | 94.327.094,90 |  | 27,19% | 26,25% |
| LUXEMBG 0,625 17-27 | 2.000.000 | EUR | 105,58 | 2.111.590,00 | 0,61% | 0,59% |
| Pologne (République) |  |  |  | 2.111.590,00 |  | 0,61% | 0,59% |
| POLAND 1,00 19-29 | 6.500.000 | EUR | 107,89 | 7.013.012,50 | 2,02% | 1,95% |
| Portugal |  |  |  | 7.013.012,50 |  | 2,02% | 1,95% |
| PORTUGAL 2,125 18-28 | 4.500.000 | EUR | 115,07 | 5.178.037,50 | 1,49% | 1,44% |
| PORTUGAL 2,875 15-25 | 6.000.000 | EUR | 116,09 | 6.965.250,00 | 2,01% | 1,94% |
| PORTUGAL 2,875 16-26 | 3.000.000 | EUR | 117,53 | 3.525.765,00 | 1,02% | 0,98% |
| Roumanie |  |  |  | 15.669.052,50 |  | 4,52% | 4,36% |
| ROMANIA 2,00 19-26 | 7.000.000 | EUR | 107,38 | 7.516.425,00 | 2,17% | 2,09% |
| Slovénie (République) |  |  |  | 7.516.425,00 |  | 2,17% | 2,09% |
| SLOVENIA 1,00 18-28 | 4.000.000 | EUR | 106,95 | 4.278.020,00 | 1,23% | 1,19% |
| Slovaquie (République slovaque) |  |  |  | 4.278.020,00 |  | 1,23% | 1,19% |
| SLOVAKIA 3,375 12-24 | 2.200.000 | EUR | 117,29 | 2.580.292,00 | 0,74% | 0,72% |
|  |  |  |  | 2.580.292,00 |  | 0,74% | 0,72% |
| Total - Emis(es) par état |  |  |  | 265.247.329,19 | 76,46% | 73,80% |
| Emis(es) par une institution internationale |  |  |  |  |  |  |
| Luxembourg (Grand-Duché) |  |  |  |  |  |  |
| EIB 0,00 16-24 | 5.000.000 | EUR | 101,20 | 5.059.875,00 | 1,46% | 1,41% |
| ESM 0,10 18-23 | 3.200.000 | EUR | 101,45 | 3.246.464,00 | 0,94% | 0,90% |
| ESM 0,125 16-24 | 4.000.000 | EUR | 101,63 | 4.065.020,00 | 1,17% | 1,13% |
|  |  |  |  | 12.371.359,00 |  | 3,57% | 3,44% |
| Total - Emis(es) par une institution internationale |  |  |  | 12.371.359,00 | 3,57% | 3,44% |
| Obligation du Secteur Public |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| BNPPB 0,50 17-24 | 3.000.000 | EUR | 102,86 | 3.085.800,00 | 0,89% | 0,86% |
| FLEMISH 0,375 16-26 | 6.800.000 | EUR | 102,26 | 6.953.408,00 | 2,00% | 1,93% |
| FLEMISH 0,854 15-22 | 3.000.000 | EUR | 103,14 | 3.094.350,00 | 0,89% | 0,86% |
| FLEMISH 1,341 15-25 | 2.500.000 | EUR | 107,75 | 2.693.700,00 | 0,78% | 0,75% |
| ING BEL 0,50 15-21 | 5.000.000 | EUR | 101,45 | 5.072.325,00 | 1,46% | 1,41% |
| KBC BANK 0,125 15-21 | 2.000.000 | EUR | 100,63 | 2.012.660,00 | 0,58% | 0,56% |
|  |  |  |  | 22.912.243,00 |  | 6,60% | 6,38% |

| Dénomination | Quantité au 31 décembre 2019 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  |  |  |  |  |
| KFW 0,125 17-24 | 6.000.000 | EUR | 101,73 | 6.103.710,00 | 1,76% | 1,70% |
| KFW 0,50 17-27 | 7.000.000 | EUR | 104,17 | 7.291.585,00 | 2,10% | 2,03% |
| KFW 3,375 11-21 | 2.000.000 | EUR | 104,03 | 2.080.600,00 | 0,60% | 0,58% |
| France |  |  |  | 15.475.895,00 |  | 4,46% | 4,31% |
| AXA BK 3,50 10-20 | 6.500.000 | EUR | 103,27 | 6.712.257,50 | 1,93% | 1,87% |
| CIE FIN 3.50 10-20 | 4.500.000 | EUR | 103,25 | 4.646.385,00 | 1,34% | 1,29% |
| Italie |  |  |  | 11.358.642,50 |  | 3,27% | 3,16% |
| ITALY BTP 5,00 09-25 | 3.650.000 | EUR | 121,99 | 4.452.762,75 | 1,28% | 1,24% |
| Pays-Bas |  |  |  | 4.452.762,75 |  | 1,28% | 1,24% |
| BNG 0,25 15-25 | 2.000.000 | EUR | 102,08 | 2.041.610,00 | 0,59% | 0,57% |
| BNG 1,125 14-24 | 2.000.000 | EUR | 106,28 | 2.125.540,00 | 0,61% | 0,59% |
| ING BANK 3,375 12-22 | 5.500.000 | EUR | 107,52 | 5.913.847,50 | 1,70% | 1,65% |
| Slovaquie (République slovaque) |  |  |  | 10.080.997,50 |  | 2,91% | 2,80% |
| VUBSK 0,375 17-22 | 5.000.000 | EUR | 100,64 | 5.031.825,00 | 1,45% | 1,40% |
|  |  |  |  | 5.031.825,00 |  | 1,45% | 1,40% |
| Total - Obligation du Secteur Public |  |  |  | 69.312.365,75 | 19,98% | 19,29% |
| Total - Obligations et autres titres de créances |  |  |  | 346.931.053,94 | 100,00% | 96,53% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 346.931.053,94 | 100,00% | 96,53% |
| Total - portefeuille |  |  |  | 346.931.053,94 | 100,00% | 96,53% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |
| Avoirs bancaires à vue |  |  |  |  |  |  |
| Banque Degroof Petercam |  | EUR |  | 9.706.377,46 |  | 2,70% |
| Total - Avoirs bancaires à vue |  |  |  | 9.706.377,46 |  | 2,70% |
| Total - Dépôts et Liquidités |  |  |  | 9.706.377,46 |  | 2,70% |
| Créances et dettes diverses |  |  |  | -80.301,00 |  | -0,02% |
| Autres |  |  |  | 2.842.038,67 |  | 0,79% |
| Actif Net Total |  |  |  | 359.399.169,07 |  | 100,00% |

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