# Table of results and other characteristic items over the previous five years
USD C class (Currency: USD)
|  | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Net asset value (in USD) |  |  |  |  |  |
| C shares | 144.1074 | 9.1787 | 12.0642 | 14.2889 | 18.3542 |
| Net assets (in EUR K) | 835,000.16 | 1,694,422.36 | 2,142,237.36 | 2,156,557.85 | 2,296,775.24 |
| Number of securities |  |  |  |  |  |
| C shares | 6,957,784 | 211,029,244 | 199,323,262 | 184,663,253 | 142,305,026 |

| Payment date | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Distribution per unit on net capital gains and losses | - | - | - | - | - |
| (including interim dividends) (in USD) |  |  |  |  |  |
| Distribution per unit on income | - | - | - | - | - |
| (including interim dividends) (in USD) |  |  |  |  |  |
| Tax credits per unit (*) | - | - | - | - | - |
| individuals (in USD) |  |  |  |  |  |
| Accumulation per unit on net capital gains and losses (in EUR) |  |  |  |  |  |
| C shares | 6.03 | 1.04 | 1.44 | 0.91 | 1.79 |
| Accumulation per unit on income (in EUR) |  |  |  |  |  |
| C shares | 2.28 | 0.13 | 0.20 | 0.15 | 0.29 |

(*) "The tax credit per unit is calculated on the payment date, in accordance with the French tax instruction dated 04/03/93 (Ints. 4 K-1-93). The theoretical amounts, calculated in accordance with the rules applicable to individuals, are shown here for information purposes. Instruction 4 J- 2-99 of 08/11/99 also specifies that beneficiaries of tax credits other than individuals are solely responsible for calculating the amount of the tax credits to which they are entitled."
EUR C class (Currency: EUR)
|  | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Net asset value (in EUR) |  |  |  |  |  |
| C shares | 120.1418 | 10.0479 | 13.4495 | 14.6143 | 20.1974 |
| Net assets (in EUR K) | 822,064.04 | 688,673.58 | 1,093,827.13 | 815,129.84 | 1,120,652.10 |
| Number of securities |  |  |  |  |  |
| C shares | 6,842,448 | 68,538,839 | 81,328,269 | 55,776,207 | 55,484,967 |

| Payment date | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Distribution per unit on net capital gains and losses | - | - | - | - | - |
| (including interim dividends) (in EUR) |  |  |  |  |  |
| Distribution per unit on income | - | - | - | - | - |
| (including interim dividends) (in EUR) |  |  |  |  |  |
| Tax credits per unit (*) | - | - | - | - | - |
| individuals (in EUR) |  |  |  |  |  |
| Accumulation per unit on net capital gains and losses (in EUR) |  |  |  |  |  |
| C shares | 6.03 | 1.26 | 1.80 | 1.13 | 2.24 |
| Accumulation per unit on income (in EUR) |  |  |  |  |  |
| C shares | 2.28 | 0.18 | 0.25 | 0.19 | 0.36 |

(*) "The tax credit per unit is calculated on the payment date, in accordance with the French tax instruction dated 04/03/93 (Ints. 4 K-1-93). The theoretical amounts, calculated in accordance with the rules applicable to individuals, are shown here for information purposes. Instruction 4 J- 2-99 of 08/11/99 also specifies that beneficiaries of tax credits other than individuals are solely responsible for calculating the amount of the tax credits to which they are entitled."
USD C/D class (Currency: USD)
|  | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Net asset value (in USD) |  |  |  |  |  |
| D shares | 167.1300 | 8.7959 | 11.4812 | 13.4792 | 17.1860 |
| Net assets (in EUR K) | 130,525.93 | 112,785.66 | 141,426.71 | 113,490.06 | 101,568.32 |
| Number of securities |  |  |  |  |  |
| D shares | 937,806 | 14,658,091 | 13,827,154 | 10,301,871 | 6,720,782 |

| Payment date | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Distribution per unit on net capital gains and losses | 1.22 | 0.07 | 0.09 | 0.11 | 0.15 |
| (including interim dividends) (in USD) |  |  |  |  |  |
| Distribution per unit on income | - | - | - | - | - |
| (including interim dividends) (in USD) |  |  |  |  |  |
| Tax credits per unit (*) | - | - | - | - | - |
| individuals (in USD) |  |  |  |  |  |
| Accumulation per unit on net capital gains and losses (in EUR) |  |  |  |  |  |
| D shares | - | - | - | - | - |
| Accumulation per unit on income (in EUR) |  |  |  |  |  |
| D shares | - | - | - | - | - |

(*) "The tax credit per unit is calculated on the payment date, in accordance with the French tax instruction dated 04/03/93 (Ints. 4 K-1-93). The theoretical amounts, calculated in accordance with the rules applicable to individuals, are shown here for information purposes. Instruction 4 J- 2-99 of 08/11/99 also specifies that beneficiaries of tax credits other than individuals are solely responsible for calculating the amount of the tax credits to which they are entitled."
EUR H class (Currency: EUR)
|  | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Net asset value (in EUR) |  |  |  |  |  |
| C shares | 128.9267 | 8.5329 | 10.8693 | 12.7382 | 16.2161 |
| Net assets (in EUR K) | 202,275.47 | 455,429.09 | 501,849.55 | 473,542.05 | 359,545.54 |
| Number of securities |  |  |  |  |  |
| C shares | 1,568,918 | 53,373,398 | 46,171,490 | 37,174,933 | 22,172,082 |

| Payment date | 29 December 2017 | 31 December 2018 | 31 December 2019 | 31 December 2020 | 31 December 2021 |
| --- | --- | --- | --- | --- | --- |
| Distribution per unit on net capital gains and losses | - | - | - | - | - |
| (including interim dividends) (in EUR) |  |  |  |  |  |
| Distribution per unit on income | - | - | - | - | - |
| (including interim dividends) (in EUR) |  |  |  |  |  |
| Tax credits per unit (*) | - | - | - | - | - |
| individuals (in EUR) |  |  |  |  |  |
| Accumulation per unit on net capital gains and losses (in EUR) |  |  |  |  |  |
| C shares | 15.81 | 0.47 | 0.85 | 1.72 | 0.90 |
| Accumulation per unit on income (in EUR) |  |  |  |  |  |
| C shares | 2.27 | 0.16 | 0.20 | 0.15 | 0.31 |

(*) "The tax credit per unit is calculated on the payment date, in accordance with the French tax instruction dated 04/03/93 (Ints. 4 K-1-93). The theoretical amounts, calculated in accordance with the rules applicable to individuals, are shown here for information purposes. Instruction 4 J- 2-99 of 08/11/99 also specifies that beneficiaries of tax credits other than individuals are solely responsible for calculating the amount of the tax credits to which they are entitled."
| Inventory of financial instruments as at 31 December 2021 |
| --- |
| Asset items and description of securities | Quantity | Price | Listing currency | Current value | Rounded % of net assets |
| Equities and equivalent securities |  |  |  | 3,549,259,628.20 | 91.51 |
| Traded on a regulated or equivalent market |  |  |  | 3,549,259,628.20 | 91.51 |
| ABN AMRO BANK NV-CVA | 154,818.00 | 12.92 | EUR | 1,999,629.28 | 0.05 |
| ADIDAS AG | 31,185.00 | 253.20 | EUR | 7,896,042.00 | 0.20 |
| ADYEN NV | 20,614.00 | 2,311.50 | EUR | 47,649,261.00 | 1.23 |
| AIRBUS SE | 1,157,707.00 | 112.36 | EUR | 130,079,958.52 | 3.35 |
| AIR LIQUIDE SA | 611,792.00 | 153.32 | EUR | 93,799,949.44 | 2.42 |
| ALLIANZ SE-REG | 338,411.00 | 207.65 | EUR | 70,271,044.15 | 1.81 |
| ASM INTERNATIONAL NV | 38,130.00 | 388.70 | EUR | 14,821,131.00 | 0.38 |
| ASML HOLDING NV | 106,898.00 | 706.70 | EUR | 75,544,816.60 | 1.95 |
| ASR NEDERLAND NV | 13,657.00 | 40.50 | EUR | 553,108.50 | 0.01 |
| AXA SA | 8,828,086.00 | 26.18 | EUR | 231,163,431.91 | 5.96 |
| BASF SE | 180,100.00 | 61.78 | EUR | 11,126,578.00 | 0.29 |
| BAYER AG-REG | 1,226,699.00 | 47.00 | EUR | 57,654,853.00 | 1.49 |
| BEIERSDORF AG | 259,568.00 | 90.38 | EUR | 23,459,755.84 | 0.60 |
| BNP PARIBAS | 3,467,412.00 | 60.77 | EUR | 210,714,627.24 | 5.43 |
| BOUYGUES SA | 1,177,113.00 | 31.49 | EUR | 37,067,288.37 | 0.96 |
| BRENNTAG SE | 160,478.00 | 79.58 | EUR | 12,770,839.24 | 0.33 |
| CARREFOUR SA | 252,352.00 | 16.11 | EUR | 4,064,128.96 | 0.10 |
| CNH INDUSTRIAL NV | 30,393.00 | 17.07 | EUR | 518,808.51 | 0.01 |
| COMMERZBANK AG | 1,510,581.00 | 6.69 | EUR | 10,104,276.31 | 0.26 |
| COMPAGNIE DE SAINT GOBAIN | 1,478,124.00 | 61.87 | EUR | 91,451,531.88 | 2.36 |
| COVESTRO AG | 1,232,614.00 | 54.20 | EUR | 66,807,678.80 | 1.72 |
| CREDIT AGRICOLE SA | 5,630,559.00 | 12.55 | EUR | 70,663,515.45 | 1.82 |
| DANONE | 419,965.00 | 54.59 | EUR | 22,925,889.35 | 0.59 |
| DELIVERY HERO SE | 252,765.00 | 98.00 | EUR | 24,770,970.00 | 0.64 |
| DEUTSCHE BOERSE AG | 133,159.00 | 147.10 | EUR | 19,587,688.90 | 0.51 |
| DEUTSCHE LUFTHANSA-REG | 839,847.00 | 6.18 | EUR | 5,190,254.46 | 0.13 |
| DEUTSCHE POST AG-REG | 142,218.00 | 56.54 | EUR | 8,041,005.72 | 0.21 |
| DEUTSCHE TELEKOM AG-REG | 2,336,120.00 | 16.30 | EUR | 38,078,756.00 | 0.98 |
| E.ON SE | 2,583,109.00 | 12.19 | EUR | 31,493,264.93 | 0.81 |
| EDP-ENERGIAS DE PORTUGAL SA | 8,989,881.00 | 4.83 | EUR | 43,439,104.99 | 1.12 |
| ENGIE | 8,670,661.00 | 13.01 | EUR | 112,839,982.25 | 2.91 |
| EVONIK INDUSTRIES AG | 46,581.00 | 28.47 | EUR | 1,326,161.07 | 0.03 |
| FORTUM OYJ | 547,396.00 | 26.99 | EUR | 14,774,218.04 | 0.38 |

| Inventory of financial instruments as at 31 December 2021 |
| --- |
| Asset items and description of securities | Quantity | Price | Listing currency | Current value | Rounded % of net assets |
| GALAPAGOS NV | 126,460.00 | 49.22 | EUR | 6,224,361.20 | 0.16 |
| HENKEL AG & CO KGAA VOR-PREF | 334,912.00 | 71.14 | EUR | 23,825,639.68 | 0.61 |
| INFINEON TECHNOLOGIES AG | 1,095,796.00 | 40.76 | EUR | 44,664,644.96 | 1.15 |
| ING GROEP NV | 1,472,676.00 | 12.24 | EUR | 18,028,499.59 | 0.46 |
| JUST EAT TAKEAWAY | 372,274.00 | 48.47 | EUR | 18,044,120.78 | 0.47 |
| KBC GROUP NV | 175,252.00 | 75.46 | EUR | 13,224,515.92 | 0.34 |
| KERING | 47,949.00 | 706.90 | EUR | 33,895,148.10 | 0.87 |
| KESKO OYJ-B SHS | 1,890,990.00 | 29.34 | EUR | 55,481,646.60 | 1.43 |
| KONINKLIJKE AHOLD DELHAIZE N | 3,656,975.00 | 30.14 | EUR | 110,202,941.63 | 2.84 |
| KONINKLIJKE DSM NV | 164,361.00 | 198.00 | EUR | 32,543,478.00 | 0.84 |
| KONINKLIJKE KPN NV | 13,899,095.00 | 2.73 | EUR | 37,944,529.35 | 0.98 |
| KONINKLIJKE PHILIPS NV | 2,214,399.00 | 32.77 | EUR | 72,554,783.24 | 1.87 |
| LANXESS AG | 191,391.00 | 54.50 | EUR | 10,430,809.50 | 0.27 |
| L'OREAL | 21,436.00 | 416.95 | EUR | 8,937,740.20 | 0.23 |
| LVMH MOET HENNESSY LOUIS VUI | 62,061.00 | 727.00 | EUR | 45,118,347.00 | 1.16 |
| MERCK KGAA | 38,263.00 | 227.00 | EUR | 8,685,701.00 | 0.22 |
| MICHELIN (CGDE) | 292,962.00 | 144.15 | EUR | 42,230,472.30 | 1.09 |
| MUENCHENER RUECKVER AG-REG | 36,806.00 | 260.50 | EUR | 9,587,963.00 | 0.25 |
| NESTE OYJ | 36,511.00 | 43.36 | EUR | 1,583,116.96 | 0.04 |
| NN GROUP NV - W/I | 909,299.00 | 47.61 | EUR | 43,291,725.39 | 1.12 |
| AG OMV | 602,570.00 | 49.95 | EUR | 30,098,371.50 | 0.78 |
| ORANGE | 5,092,847.00 | 9.41 | EUR | 47,938,968.81 | 1.24 |
| PERNOD RICARD SA | 24,866.00 | 211.50 | EUR | 5,259,159.00 | 0.14 |
| PROSIEBENSAT.1 MEDIA SE | 118,544.00 | 14.01 | EUR | 1,660,801.44 | 0.04 |
| PROSUS NV | 522,887.00 | 73.53 | EUR | 38,447,881.11 | 0.99 |
| PUBLICIS GROUPE | 237,488.00 | 59.20 | EUR | 14,059,289.60 | 0.36 |
| RELX PLC | 645,583.00 | 28.52 | EUR | 18,412,027.16 | 0.47 |
| RENAULT SA | 107,412.00 | 30.55 | EUR | 3,280,899.54 | 0.08 |
| SAMPO OYJ-A SHS | 1,039,640.00 | 44.06 | EUR | 45,806,538.40 | 1.18 |
| SANOFI | 1,730,772.00 | 88.58 | EUR | 153,311,783.76 | 3.95 |
| SAP SE | 659,804.00 | 124.90 | EUR | 82,409,519.60 | 2.12 |
| SCHNEIDER ELECTRIC SE | 285,888.00 | 172.46 | EUR | 49,304,244.48 | 1.27 |
| SIEMENS AG-REG | 364,375.00 | 152.68 | EUR | 55,632,775.00 | 1.43 |
| SIEMENS HEALTHINEERS AG | 196,053.00 | 65.82 | EUR | 12,904,208.46 | 0.33 |
| SIGNIFY NV | 6409.00 | 40.78 | EUR | 261,359.02 | 0.01 |
| SOCIETE GENERALE SA | 5,756,511.00 | 30.20 | EUR | 173,875,414.76 | 4.48 |

Translation (ENFR, 2021-12-31):
# Tableau des résultats et autres éléments caractéristiques au cours des cinq derniers exercices
Catégorie de classe EURO C (Devise: EUR)
| 29/12/2017 | 31/12/2018 | 31/12/2019 | 31/12/2020 | 31/12/2021 |
| --- | --- | --- | --- | --- |
| Valeur liquidative (en EUR) |  |  |  |  |  |
| Actions C | 50.2317 | 8.9823 | 11.4467 | 11.2690 | 14.1077 |
| Actif net (en k EUR) | 1,199,388.54 | 1,002,130.49 | 1,048,113.80 | 750,260.42 | 572,975.18 |
| Nombre de titres |  |  |  |  |  |
| Actions C | 23,877,123 | 111,567,500 | 91,564,736 | 66,577,210 | 40,614,217 |

| Date de mise en paiement | 29/12/2017 |  | 31/12/2018 |  | 31/12/2019 |  | 31/12/2020 | 31/12/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Distribution unitaire sur plus et moins- values nettes | - | - | - | - | - |
| (y compris les acomptes) (en EUR) |  |  |  |  |  |
| Distribution unitaire sur résultat | - | - | - | - | - |
| (y compris les acomptes) (en EUR) |  |  |  |  |  |
| Crédit d'impôt unitaire (*) | - | - | - | - | - |
| personnes physiques (en EUR) |  |  |  |  |  |
| Capitalisation unitaire sur plus et moins- |  |  |  |  |  |
| values nettes (en EUR) |  |  |  |  |  |
| Actions C | 5.32 | 0.43 | 0.31 | 0.31 | 0.42 |
| Capitalisation unitaire sur résultat (en |  |  |  |  |  |
| EUR) |  |  |  |  |  |
| Actions C | 0.27 | 0.07 | 0.26 | 0.11 | 0.33 |

(*) "Le crédit d'impôt unitaire est déterminé à la date du paiement en application de l'instruction fiscale du 04/03/93 (Ints.4 K-1-93). Les montants théoriques, calculés selon les règles applicables aux personnes physiques, sont ici présentés à titre indicatif. "L'instruction 4 J-2-99 du 08/11/99 précise par ailleurs que les bénéficiaires d'avoir fiscal autres que les personnes physiques calculent sous leur responsabilité le montant des avoirs fiscaux auxquels ils ont droit."
Catégorie de classe EURO C/D (Devise: EUR)
| 29/12/2017 | 31/12/2018 | 31/12/2019 | 31/12/2020 | 31/12/2021 |
| --- | --- | --- | --- | --- |
| Valeur liquidative (en EUR) |  |  |  |  |  |
| Actions D | 135.1419 | 8.5567 | 10.8256 | 10.5470 | 13.1036 |
| Actif net (en k EUR) | 263,235.05 | 141,840.49 | 110,453.36 | 92,135.88 | 85,174.42 |
| Nombre de titres |  |  |  |  |  |
| Actions D | 1,947,842 | 16,576,492 | 10,202,973 | 8,735,766 | 6,500,095 |

| Date de mise en paiement | 29/12/2017 |  | 31/12/2018 |  | 31/12/2019 |  | 31/12/2020 | 31/12/2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Distribution unitaire sur plus et moins- values nettes | 1.18 | 0.07 | 0.09 | 0.09 | 0.11 |
| (y compris les acomptes) (en EUR) |  |  |  |  |  |
| Distribution unitaire sur résultat | - | - | - | - | - |
| (y compris les acomptes) (en EUR) |  |  |  |  |  |
| Crédit d'impôt unitaire (*) | - | - | - | - | - |
| personnes physiques (en EUR) |  |  |  |  |  |
| Capitalisation unitaire sur plus et moins- |  |  |  |  |  |
| values nettes (en EUR) |  |  |  |  |  |
| Actions D | - | - | - | - | - |
| Capitalisation unitaire sur résultat (en |  |  |  |  |  |
| EUR) |  |  |  |  |  |
| Actions D | - | - | - | - | - |

(*) "Le crédit d'impôt unitaire est déterminé à la date du paiement en application de l'instruction fiscale du 04/03/93 (Ints.4 K-1-93). Les montants théoriques, calculés selon les règles applicables aux personnes physiques, sont ici présentés à titre indicatif. "L'instruction 4 J-2-99 du 08/11/99 précise par ailleurs que les bénéficiaires d'avoir fiscal autres que les personnes physiques calculent sous leur responsabilité le montant des avoirs fiscaux auxquels ils ont droit."