# COMPOSITION OF THE ASSETS
| Description | Quantity at 31 December 2021 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities admitted to an official stock exchange listing |  |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |
| Switzerland |  |  |  |  |  |  |
| LONZA-NOM- NEW | 72,000 | CHF | 761.60 | 52,922,067.27 | 2.18% | 2.13% |
| NESTLE NOM | 420,000 | CHF | 127.44 | 51,657,385.51 | 2.13% | 2.08% |
| ROCHE HOLDING -GE- | 120,000 | CHF | 379.10 | 43,904,840.03 | 1.81% | 1.77% |
| Germany (Federal Republic) |  |  |  | 148,484,292.81 |  | 6.12% | 5.98% |
| HANNOVER RUECK SE | 210,000 | EUR | 167.15 | 35,101,500.00 | 1.45% | 1.41% |
| INFINEON | 1,100,000 | EUR | 40.76 | 44,836,000.00 | 1.85% | 1.80% |
| MERCK | 190,000 | EUR | 227.00 | 43,130,000.00 | 1.78% | 1.74% |
| Denmark |  |  |  | 123,067,500.00 |  | 5.07% | 4.95% |
| NOVO NORDISK -B- | 370,000 | DKK | 735.00 | 36,564,214.27 | 1.51% | 1.47% |
| Spain |  |  |  | 36,564,214.27 |  | 1.51% | 1.47% |
| AMADEUS IT GROUP SA | 700,000 | EUR | 59.64 | 41,748,000.00 | 1.72% | 1.68% |
| France |  |  |  | 41,748,000.00 |  | 1.72% | 1.68% |
| L OREAL | 110,000 | EUR | 416.95 | 45,864,500.00 | 1.89% | 1.85% |
| LVMH MOET HENNESSY | 53,000 | EUR | 727.00 | 38,531,000.00 | 1.59% | 1.55% |
| United Kingdom |  |  |  | 84,395,500.00 |  | 3.48% | 3.40% |
| CRODA INTERNATIONAL | 210,000 | GBP | 101.20 | 25,312,053.36 | 1.04% | 1.02% |
| SPIRAX SARCO ENG | 155,000 | GBP | 160.50 | 29,630,181.04 | 1.22% | 1.19% |
| Hongkong |  |  |  | 54,942,234.40 |  | 2.26% | 2.21% |
| AIA GROUP LTD | 4,750,000 | HKD | 79.30 | 42,485,576.84 | 1.75% | 1.71% |
| HONG KONG EXCH CLEAR | 635,000 | HKD | 454.80 | 32,573,835.86 | 1.34% | 1.31% |
| Indonesia |  |  |  | 75,059,412.70 |  | 3.09% | 3.02% |
| PT BANK CENTRAL ASIA | 80,000,000 | IDR | 7,300.00 | 36,031,715.50 | 1.49% | 1.45% |
| Ireland |  |  |  | 36,031,715.50 |  | 1.49% | 1.45% |
| KERRY | 430,000 | EUR | 113.25 | 48,697,500.00 | 2.01% | 1.96% |
| KINGSPAN GROUP PLC | 465,000 | EUR | 105.00 | 48,825,000.00 | 2.01% | 1.96% |
| TRANE TECHNOLOGIES | 215,000 | USD | 202.03 | 38,195,963.77 | 1.57% | 1.54% |
| Israel |  |  |  | 135,718,463.77 |  | 5.59% | 5.46% |
| NICE LTD ADR | 220,000 | USD | 303.60 | 58,733,731.97 | 2.42% | 2.36% |
| India |  |  |  | 58,733,731.97 |  | 2.42% | 2.36% |

| Description | Quantity at 31 December 2021 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| H D F C BANK SP ADR | 770,000 | USD | 65.07 | 44,059,004.57 |  | 1.82% | 1.77% |
| Japan |  |  |  | 44,059,004.57 |  | 1.82% | 1.77% |
| HOYA | 350,000 | JPY | 17,110 | 45,729,710.95 | 1.89% | 1.84% |
| NIDEC CORP | 420,000 | JPY | 13,520 | 43,361,708.38 | 1.79% | 1.74% |
| SONY GROUP CORP | 430,000 | JPY | 14,475 | 47,529,957.98 | 1.96% | 1.91% |
| Cayman |  |  |  | 136,621,377.31 |  | 5.63% | 5.50% |
| ALIBABA GROUP HLDG | 2,250,000 | HKD | 114.80 | 29,133,933.76 | 1.20% | 1.17% |
| TENCENT HLDGS | 790,000 | HKD | 454.60 | 40,507,108.66 | 1.67% | 1.63% |
| Netherlands |  |  |  | 69,641,042.42 |  | 2.87% | 2.80% |
| ASML HOLDING NV | 66,500 | EUR | 706.70 | 46,995,550.00 | 1.94% | 1.89% |
| UNIVERSAL MUSIC | 2,010,000 | EUR | 24.78 | 49,807,800.00 | 2.05% | 2.00% |
| Taiwan |  |  |  | 96,803,350.00 |  | 3.99% | 3.90% |
| TAIWAN-ADR- | 480,000 | USD | 120.31 | 50,781,568.77 | 2.09% | 2.04% |
| United States of America |  |  |  | 50,781,568.77 |  | 2.09% | 2.04% |
| ADOBE INC | 124,000 | USD | 567.06 | 61,832,078.79 | 2.55% | 2.49% |
| AGILENT | 341,000 | USD | 159.65 | 47,872,537.81 | 1.97% | 1.93% |
| ALIGN TECHNOLOGY | 97,000 | USD | 657.18 | 56,055,627.86 | 2.31% | 2.26% |
| AMERICAN TWR CORP | 160,000 | USD | 292.50 | 41,153,710.87 | 1.70% | 1.66% |
| ANSYS INC | 140,000 | USD | 401.12 | 49,381,639.11 | 2.04% | 1.99% |
| AUTODESK | 235,000 | USD | 281.19 | 58,107,325.01 | 2.40% | 2.34% |
| BOSTON SCIENTIFIC | 1,450,000 | USD | 42.48 | 54,164,614.84 | 2.23% | 2.18% |
| DANAHER CORP | 208,000 | USD | 329.01 | 60,177,699.61 | 2.48% | 2.42% |
| EQUINIX INC | 56,000 | USD | 845.84 | 41,652,339.08 | 1.72% | 1.68% |
| INTUIT | 108,000 | USD | 643.22 | 61,086,669.01 | 2.52% | 2.46% |
| INTUITIVE SURGICAL | 159,000 | USD | 359.30 | 50,236,282.10 | 2.07% | 2.02% |
| MARSH | 320,000 | USD | 173.82 | 48,911,712.98 | 2.02% | 1.97% |
| MASTERCARD-A | 224,000 | USD | 359.32 | 70,777,066.48 | 2.92% | 2.85% |
| MICROSOFT | 230,000 | USD | 336.32 | 68,021,104.47 | 2.80% | 2.74% |
| NIKE INC -B- | 318,000 | USD | 166.67 | 46,606,630.32 | 1.92% | 1.88% |
| NVIDIA CORP | 200,000 | USD | 294.11 | 51,725,290.19 | 2.13% | 2.08% |
| PAYPAL HOLDINGS-WI | 365,000 | USD | 188.58 | 60,527,347.87 | 2.50% | 2.44% |
| ROSS STORES | 500,000 | USD | 114.28 | 50,246,218.78 | 2.07% | 2.02% |
| SALESFORCE.COM | 240,000 | USD | 254.13 | 53,632,782.27 | 2.21% | 2.16% |
| SP GLOBAL | 128,000 | USD | 471.93 | 53,119,099.54 | 2.19% | 2.14% |
| THERMO FISHER SCIEN | 105,000 | USD | 667.24 | 61,607,632.78 | 2.54% | 2.48% |
| TRANSUNION | 495,000 | USD | 118.58 | 51,615,459.02 | 2.13% | 2.08% |
| WALT DISNEY | 255,000 | USD | 154.89 | 34,731,753.43 | 1.43% | 1.40% |
|  |  |  |  | 1,233,242,622.22 |  | 50.84% | 49.63% |
| Total - Shares |  |  |  | 2,425,894,030.71 | 100.00% | 97.62% |
| Total - Transferable securities admitted to an official stock exchange listing |  |  |  | 2,425,894,030.71 | 100.00% | 97.62% |
| Total - portfolio |  |  |  | 2,425,894,030.71 | 100.00% | 97.62% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  |  |  |  |
| deposit and liquid assets |  |  |  |  |  |  |
| Banque Degroof Petercam |  | USD |  | 92,625.13 |  | 0.00% |

| Description | Quantity at 31 December 2021 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Banque Degroof Petercam |  | EUR |  | 63,264,492.63 |  |  | 2.55% |
| Total - deposit and liquid assets | 63,357,117.76 | 2.55% |
| Total - Deposits and liquid assets | 63,357,117.76 | 2.55% |
| Other receivables and other payables | -4,178,320.35 | -0.17% |
| Others | 0.00 | 0.00% |
| Total net assets | 2,485,072,828.12 | 100,00% |

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Translation (ENFR, 2021-12-31):
# COMPOSITION DES ACTIFS
| Dénomination | Quantité au 31 décembre 2021 | 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 0,5 19-29 | 4.000.000 | EUR | 104,49 | 4.179.780,00 | 0,76% | 0,73% |
| AUSTRIA 2,40 13-34 | 5.500.000 | EUR | 126,88 | 6.978.427,50 | 1,27% | 1,22% |
| Belgique |  |  |  | 11.158.207,50 |  | 2,02% | 1,96% |
| BELGIQUE 3,75 13-45 | 2.000.000 | EUR | 163,87 | 3.277.410,00 | 0,59% | 0,57% |
| FLEMISH C 0.3 21-31 | 1.500.000 | EUR | 99,74 | 1.496.047,50 | 0,27% | 0,26% |
| Chypre |  |  |  | 4.773.457,50 |  | 0,87% | 0,84% |
| CYPRUS 0,625 20-30 | 1.750.000 | EUR | 100,00 | 1.750.008,75 | 0,32% | 0,31% |
| CYPRUS 2,375 18-28 | 2.000.000 | EUR | 113,07 | 2.261.440,00 | 0,41% | 0,40% |
| CYPRUS 2,75 19-34 | 3.125.000 | EUR | 122,21 | 3.819.203,13 | 0,69% | 0,67% |
| CYPRUS 2,75 19-49 | 1.500.000 | EUR | 131,06 | 1.965.885,00 | 0,36% | 0,34% |
| Allemagne |  |  |  | 9.796.536,88 |  | 1,78% | 1,72% |
| GERMANY 0,50 14-30 | 2.000.000 | EUR | 123,79 | 2.720.629,08 | 0,49% | 0,48% |
| GERMANY 1,00 15-25 | 2.350.000 | EUR | 105,70 | 2.483.985,25 | 0,45% | 0,44% |
| GERMANY 1,50 14-24 | 1.000.000 | EUR | 105,20 | 1.051.955,00 | 0,19% | 0,18% |
| GERMANY 2,50 12-44 | 2.000.000 | EUR | 155,78 | 3.115.640,00 | 0,57% | 0,55% |
| GERMANY 4,00 05-37 | 2.700.000 | EUR | 162,13 | 4.377.523,50 | 0,79% | 0,77% |
| Espagne |  |  |  | 13.749.732,83 |  | 2,49% | 2,41% |
| SPAIN 0,50 20-30 | 5.500.000 | EUR | 101,37 | 5.575.322,50 | 1,01% | 0,98% |
| SPAIN 1,00 14-30 | 3.000.000 | EUR | 121,96 | 3.973.448,78 | 0,72% | 0,70% |
| SPAIN 1,00 21-42 | 2.000.000 | EUR | 97,46 | 1.949.160,00 | 0,35% | 0,34% |
| SPAIN 1,30 16-26 | 10.000.000 | EUR | 107,03 | 10.703.050,00 | 1,94% | 1,88% |
| SPAIN 1,60 15-25 | 12.200.000 | EUR | 106,58 | 13.002.943,00 | 2,36% | 2,28% |
| SPAIN 1,85 19-35 | 6.500.000 | EUR | 112,88 | 7.337.265,00 | 1,33% | 1,29% |
| SPAIN 1,95 15-30 | 4.550.000 | EUR | 113,35 | 5.157.243,00 | 0,94% | 0,90% |
| SPAIN 2,15 15-25 | 8.000.000 | EUR | 109,28 | 8.742.400,00 | 1,59% | 1,53% |
| SPAIN 2,35 17-33 | 6.000.000 | EUR | 118,76 | 7.125.540,00 | 1,29% | 1,25% |
| SPAIN 2,90 16-46 | 3.000.000 | EUR | 135,05 | 4.051.380,00 | 0,74% | 0,71% |
| SPAIN 4,40 13-23 | 2.500.000 | EUR | 109,11 | 2.727.650,00 | 0,49% | 0,48% |
| SPAIN 4,65 10-25 | 2.000.000 | EUR | 117,86 | 2.357.180,00 | 0,43% | 0,41% |
| SPAIN 5,15 13-44 | 2.000.000 | EUR | 180,14 | 3.602.830,00 | 0,65% | 0,63% |
| SPAIN IL 0,70 17-33 | 1.500.000 | EUR | 122,28 | 1.958.854,55 | 0,36% | 0,34% |
| Finlande |  |  |  | 78.264.266,83 |  | 14,20% | 13,72% |
| FINLAND 0,50 17-27 | 6.100.000 | EUR | 104,56 | 6.378.068,50 | 1,16% | 1,12% |
| FINLAND 0,75 15-31 | 7.600.000 | EUR | 106,79 | 8.116.306,00 | 1,47% | 1,42% |
| FINLANDE 2,75 12-28 | 2.000.000 | EUR | 119,70 | 2.393.950,00 | 0,43% | 0,42% |
| France |  |  |  | 16.888.324,50 |  | 3,06% | 2,96% |
| FRANCE 1,75 17-39 | 2.000.000 | EUR | 120,81 | 2.416.240,00 | 0,44% | 0,42% |
| FRANCE 2,50 13-30 | 7.850.000 | EUR | 121,01 | 9.499.245,75 | 1,72% | 1,66% |
| FRANCE OA 3,25 12-45 | 5.250.000 | EUR | 154,33 | 8.102.561,25 | 1,47% | 1,42% |
| FRANCE OAT 3,5 10-26 | 2.000.000 | EUR | 116,89 | 2.337.780,00 | 0,42% | 0,41% |

| Dénomination | Quantité au 31 décembre 2021 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| FRA OAT 2,75 12-27 | 8.600.000 | EUR | 117,83 | 10.133.552,00 |  | 1,84% | 1,78% |
| FRA OAT 4,00 04-55 | 500.000 | EUR | 188,13 | 940.637,50 | 0,17% | 0,16% |
| FRA OAT 5,50 97-29 | 7.350.000 | EUR | 141,34 | 10.388.857,50 | 1,88% | 1,82% |
| Grèce |  |  |  | 43.818.874,00 |  | 7,95% | 7,68% |
| GREECE 3,90 17-33 | 5.000.000 | EUR | 126,61 | 6.330.350,00 | 1,15% | 1,11% |
| HELLENIC 0,75 21-31 | 500.000 | EUR | 95,01 | 475.050,00 | 0,09% | 0,08% |
| HELLENIC 1,50 20-30 | 4.550.000 | EUR | 102,10 | 4.645.754,75 | 0,84% | 0,81% |
| HELLENIC 1,875 19-26 | 4.000.000 | EUR | 105,79 | 4.231.420,00 | 0,77% | 0,74% |
| HELLENIC 1,875 20-35 | 3.300.000 | EUR | 104,86 | 3.460.479,00 | 0,63% | 0,61% |
| HELLENIC 3,45 19-24 | 7.500.000 | EUR | 108,28 | 8.120.812,50 | 1,47% | 1,42% |
| Croatie (République) |  |  |  | 27.263.866,25 |  | 4,95% | 4,78% |
| CROATIA 1,50 20-31 | 12.400.000 | EUR | 103,61 | 12.847.206,00 | 2,33% | 2,25% |
| CROATIA 1,75 21-41 | 3.000.000 | EUR | 103,61 | 3.108.285,00 | 0,56% | 0,54% |
| CROATIA 3,00 15-25 | 4.000.000 | EUR | 109,40 | 4.376.160,00 | 0,79% | 0,77% |
| Hongrie (République) |  |  |  | 20.331.651,00 |  | 3,69% | 3,56% |
| HUNGARY 0,50 20-30 | 6.500.000 | EUR | 98,23 | 6.384.657,50 | 1,16% | 1,12% |
| HUNGARY 1,25 18-25 | 9.500.000 | EUR | 104,13 | 9.892.207,50 | 1,79% | 1,73% |
| HUNGARY 1,75 17-27 | 3.920.000 | EUR | 108,93 | 4.270.193,20 | 0,77% | 0,75% |
| Irlande |  |  |  | 20.547.058,20 |  | 3,73% | 3,60% |
| IRELAND 1,30 18-33 | 6.100.000 | EUR | 110,62 | 6.747.667,50 | 1,22% | 1,18% |
| IRELAND 1,35 18-31 | 2.000.000 | EUR | 111,41 | 2.228.110,00 | 0,40% | 0,39% |
| IRELAND 2,00 15-45 | 6.700.000 | EUR | 127,93 | 8.571.511,00 | 1,56% | 1,50% |
| IRISH TREA 1,0 16-26 | 1.800.000 | EUR | 105,98 | 1.907.595,00 | 0,35% | 0,33% |
| Italie |  |  |  | 19.454.883,50 |  | 3,53% | 3,41% |
| ITA BTP 5,25 98-29 | 3.900.000 | EUR | 133,88 | 5.221.417,50 | 0,95% | 0,92% |
| ITALY 0,4 19-30 | 6.400.000 | EUR | 108,67 | 7.320.280,64 | 1,33% | 1,28% |
| ITALY 0,85 19-27 | 7.000.000 | EUR | 102,00 | 7.140.350,00 | 1,30% | 1,25% |
| ITALY 0,95 20-30 | 2.500.000 | EUR | 99,66 | 2.491.525,00 | 0,45% | 0,44% |
| ITALY 1,45 18-25 | 10.000.000 | EUR | 104,36 | 10.435.950,00 | 1,89% | 1,83% |
| ITALY 1,60 16-26 | 5.000.000 | EUR | 105,52 | 5.276.075,00 | 0,96% | 0,92% |
| ITALY 1,65 20-30 | 2.500.000 | EUR | 105,20 | 2.629.900,00 | 0,48% | 0,46% |
| ITALY 1,75 19-24 | 10.500.000 | EUR | 104,33 | 10.954.912,50 | 1,99% | 1,92% |
| ITALY 2,80 16-67 | 500.000 | EUR | 112,92 | 564.610,00 | 0,10% | 0,10% |
| ITALY 3,25 14-2046 | 7.750.000 | EUR | 126,70 | 9.819.056,25 | 1,78% | 1,72% |
| ITALY 4,00 05-37 | 3.000.000 | EUR | 133,32 | 3.999.585,00 | 0,73% | 0,70% |
| ITALY 4,50 10-26 | 7.900.000 | EUR | 117,46 | 9.279.182,00 | 1,68% | 1,63% |
| ITALY 4,50 13-24 | 900.000 | EUR | 109,88 | 988.929,00 | 0,18% | 0,17% |
| ITALY 4,75 13-28 | 6.650.000 | EUR | 126,44 | 8.408.592,50 | 1,53% | 1,47% |
| ITALY 4,75 13-44 | 3.000.000 | EUR | 154,98 | 4.649.415,00 | 0,84% | 0,81% |
| ITALY BTP 0,15 20-51 | 400.000 | EUR | 100,67 | 419.906,94 | 0,08% | 0,07% |
| ITALY BTP 1,65 15-32 | 3.000.000 | EUR | 104,79 | 3.143.595,00 | 0,57% | 0,55% |
| ITALY BTP 3,85 18-49 | 9.000.000 | EUR | 140,38 | 12.633.750,00 | 2,29% | 2,21% |
| ITALY BTP 5,00 09-40 | 5.250.000 | EUR | 153,66 | 8.067.123,75 | 1,46% | 1,41% |
| ITALY IL1,25 15-32 | 6.000.000 | EUR | 119,37 | 7.780.375,93 | 1,41% | 1,36% |
| Luxembourg (Grand-Duché) |  |  |  | 121.224.532,01 |  | 21,99% | 21,25% |
| LUXEMBG 0,625 17-27 | 3.000.000 | EUR | 103,86 | 3.115.695,00 | 0,57% | 0,55% |
| Pays-Bas |  |  |  | 3.115.695,00 |  | 0,57% | 0,55% |
| NETHERLDS 2,00 14-24 | 1.000.000 | EUR | 106,71 | 1.067.110,00 | 0,19% | 0,19% |
| NETHERLDS 3,75 10-42 | 1.500.000 | EUR | 170,70 | 2.560.470,00 | 0,46% | 0,45% |

| Dénomination | Quantité au 31 décembre 2021 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portugal |  |  |  | 3.627.580,00 |  | 0,66% | 0,64% |
| PORTUGAL 0,475 20-30 | 2.000.000 | EUR | 101,61 | 2.032.300,00 | 0,37% | 0,36% |
| PORTUGAL 0,90 20-35 | 3.000.000 | EUR | 101,81 | 3.054.150,00 | 0,55% | 0,54% |
| PORTUGAL 2,125 18-28 | 3.500.000 | EUR | 113,98 | 3.989.265,00 | 0,72% | 0,70% |
| PORTUGAL 2,25 18-34 | 5.100.000 | EUR | 118,88 | 6.062.701,50 | 1,10% | 1,06% |
| PORTUGAL 2,875 15-25 | 2.000.000 | EUR | 112,35 | 2.247.070,00 | 0,41% | 0,39% |
| PORTUGAL 3,875 14-30 | 6.250.000 | EUR | 129,58 | 8.098.593,75 | 1,47% | 1,42% |
| PORTUGAL 4,10 06-37 | 4.250.000 | EUR | 147,97 | 6.288.810,00 | 1,14% | 1,10% |
| PORTUGAL 4,125 17-27 | 1.000.000 | EUR | 122,69 | 1.226.930,00 | 0,22% | 0,22% |
| Roumanie |  |  |  | 32.999.820,25 |  | 5,99% | 5,78% |
| ROMANIA 1,375 20-29 | 1.000.000 | EUR | 95,67 | 956.740,00 | 0,17% | 0,17% |
| ROMANIA 2,00 19-26 | 2.600.000 | EUR | 105,06 | 2.731.599,00 | 0,50% | 0,48% |
| ROMANIA 2,00 20-32 | 7.000.000 | EUR | 93,13 | 6.519.100,00 | 1,18% | 1,14% |
| ROMANIA 2,00 21-33 | 3.000.000 | EUR | 91,43 | 2.742.840,00 | 0,50% | 0,48% |
| ROMANIA 2,375 17-27 | 9.000.000 | EUR | 106,02 | 9.542.160,00 | 1,73% | 1,67% |
| ROMANIA 2,875 18-29 | 2.000.000 | EUR | 106,60 | 2.132.090,00 | 0,39% | 0,37% |
| ROMANIA 3,50 19-34 | 1.500.000 | EUR | 105,57 | 1.583.602,50 | 0,29% | 0,28% |
| ROMANIA 3,875 15-35 | 2.000.000 | EUR | 108,59 | 2.171.870,00 | 0,39% | 0,38% |
| ROMANIA 4,625 19-49 | 1.500.000 | EUR | 113,19 | 1.697.902,50 | 0,31% | 0,30% |
| Serbie (République) |  |  |  | 30.077.904,00 |  | 5,46% | 5,27% |
| SERBIA 1,00 21-28 | 7.000.000 | EUR | 94,97 | 6.647.725,00 | 1,21% | 1,17% |
| SERBIA 2,05 21-36 | 2.500.000 | EUR | 91,52 | 2.287.975,00 | 0,42% | 0,40% |
| Slovénie (République) |  |  |  | 8.935.700,00 |  | 1,62% | 1,57% |
| SLOVENIA 0,00 21-31 | 1.100.000 | EUR | 96,53 | 1.061.863,00 | 0,19% | 0,19% |
| SLOVENIA 0,125 21-31 | 2.500.000 | EUR | 97,86 | 2.446.375,00 | 0,44% | 0,43% |
| SLOVENIA 0,488 20-50 | 1.200.000 | EUR | 88,01 | 1.056.162,00 | 0,19% | 0,19% |
| SLOVENIA 0,875 20-30 | 3.500.000 | EUR | 104,75 | 3.666.407,50 | 0,67% | 0,64% |
| SLOVENIA 1,00 18-28 | 2.000.000 | EUR | 106,42 | 2.128.460,00 | 0,39% | 0,37% |
|  |  |  |  | 10.359.267,50 |  | 1,88% | 1,82% |
| Total - Emis(es) par état |  |  |  | 476.387.357,75 | 86,43% | 83,49% |
| Emis(es) par une institution internationale |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| EUROPEAN 0,40 21-37 | 900.000 | EUR | 101,07 | 909.661,50 | 0,17% | 0,16% |
| Luxembourg (Grand-Duché) |  |  |  | 909.661,50 |  | 0,17% | 0,16% |
| EFSF 0,05 19-29 | 6.000.000 | EUR | 100,29 | 6.017.340,00 | 1,09% | 1,05% |
| ESM 0,75 17-27 | 3.000.000 | EUR | 104,71 | 3.141.285,00 | 0,57% | 0,55% |
| ESM 0,75 18-28 | 1.500.000 | EUR | 105,35 | 1.580.257,50 | 0,29% | 0,28% |
| ESM 1,20 18-33 | 3.000.000 | EUR | 110,15 | 3.304.440,00 | 0,60% | 0,58% |
| EUROPEAN 0,0 20-35 | 460.000 | EUR | 95,60 | 439.776,10 | 0,08% | 0,08% |
| EUROP UN 0,00 21-31 | 1.300.000 | EUR | 99,34 | 1.291.485,00 | 0,23% | 0,23% |
|  |  |  |  | 15.774.583,60 |  | 2,86% | 2,76% |
| Total - Emis(es) par une institution internationale |  |  |  | 16.684.245,10 | 3,03% | 2,92% |
| Obligation du Secteur Public |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| FLEMICH 1,00 16-36 | 1.300.000 | EUR | 105,21 | 1.367.697,50 | 0,25% | 0,24% |
| FLEMISH 0,375 16-26 | 9.300.000 | EUR | 102,46 | 9.528.454,50 | 1,73% | 1,67% |
| FLEMISH 1,375 18-33 | 3.800.000 | EUR | 111,02 | 4.218.684,00 | 0,77% | 0,74% |
| FLEMISH 1,875 17-42 | 1.800.000 | EUR | 119,48 | 2.150.667,00 | 0,39% | 0,38% |

| Dénomination | Quantité au 31 décembre 2021 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Allemagne |  |  |  | 17.265.503,00 |  | 3,13% | 3,03% |
| KFW 1,125 18-33 | 1.000.000 | EUR | 109,97 | 1.099.720,00 | 0,20% | 0,19% |
|  |  |  |  | 1.099.720,00 |  | 0,20% | 0,19% |
| Total - Obligation du Secteur Public |  |  |  | 18.365.223,00 | 3,33% | 3,22% |
| Emis(es) par une entreprise privée |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| FLEMISH 1,50 18-38 | 1.300.000 | EUR | 112,27 | 1.459.542,50 | 0,26% | 0,26% |
| Allemagne |  |  |  | 1.459.542,50 |  | 0,26% | 0,26% |
| KFW 1,25 16-36 | 2.500.000 | EUR | 112,36 | 2.808.975,00 | 0,51% | 0,49% |
| Espagne |  |  |  | 2.808.975,00 |  | 0,51% | 0,49% |
| ADIFAL 0,55 21-31 | 1.000.000 | EUR | 98,70 | 986.985,00 | 0,18% | 0,17% |
| ICO 0,00 21-27 | 5.000.000 | EUR | 100,10 | 5.005.050,00 | 0,91% | 0,88% |
| MADRID 0,419 20-30 | 5.700.000 | EUR | 99,97 | 5.698.432,50 | 1,03% | 1,00% |
| Italie |  |  |  | 11.690.467,50 |  | 2,12% | 2,05% |
| BTPS 1,50 20-45 | 1.800.000 | EUR | 93,90 | 1.690.137,00 | 0,31% | 0,30% |
| ITALY 3,10 11-26 | 5.000.000 | EUR | 121,79 | 7.023.078,02 | 1,27% | 1,23% |
| Pays-Bas |  |  |  | 8.713.215,02 |  | 1,58% | 1,53% |
| BNG BK 0,10 20-30 | 7.500.000 | EUR | 99,72 | 7.478.925,00 | 1,36% | 1,31% |
| Slovaquie (République slovaque) |  |  |  | 7.478.925,00 |  | 1,36% | 1,31% |
| SLOVAKIA 1,375 15-27 | 6.000.000 | EUR | 109,23 | 6.553.800,00 | 1,19% | 1,15% |
|  |  |  |  | 6.553.800,00 |  | 1,19% | 1,15% |
| Total - Emis(es) par une entreprise privée |  |  |  | 38.704.925,02 | 7,02% | 6,78% |
| Total - Obligations et autres titres de créances |  |  |  | 550.141.750,87 | 99,81% | 96,42% |
| Instruments du marché monétaire |  |  |  |  |  |  |
| HELLENIC 4,375 17-22 | 1.000.000 | EUR | 102,72 | 1.027.250,00 | 0,19% | 0,18% |
| Total - Instruments du marché monétaire |  |  |  | 1.027.250,00 | 0,19% | 0,18% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 551.169.000,87 | 100,00% | 96,60% |
| Total - portefeuille |  |  |  | 551.169.000,87 | 100,00% | 96,60% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |
| Avoirs bancaires à vue |  |  |  |  |  |  |
| Banque Degroof Petercam |  | EUR |  | 12.726.755,50 |  | 2,23% |
| Autre |  | EUR |  | 838.431,44 |  | 0,15% |
| Total - Avoirs bancaires à vue |  |  |  | 13.565.186,94 |  | 2,38% |
| Total - Dépôts et Liquidités |  |  |  | 13.565.186,94 |  | 2,38% |

| Dénomination | Quantité au 31 décembre 2021 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Créances et dettes diverses |  |  |  | 1.028.774,85 |  |  | 0,18% |
| Autres | 4.801.705,19 | 0,84% |
| Actif Net Total | 570.564.667,85 | 100,00% |

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