# Candriam L Multi-Asset Income
| Investment portfolio as at December 31, 2020 |  |
| --- | --- |
| Description | Quantity | Currency | Market value (in EUR) | % net assets |
| Transferable securities admitted to an official stock exchange |  |  | 290,502,715 | 62.23 |
| listing or dealt in another regulated market |  |  |  |  |
| Structured products |  |  | 23,743,797 | 5.09 |
| Ireland |  |  | 23,743,797 | 5.09 |
| ISHARES PHYSICAL GOLD ETC | 785,872 | USD | 23,743,797 | 5.09 |
| Shares |  |  | 98,615,755 | 21.12 |
| United States of America |  |  | 41,694,440 | 8.93 |
| AIR PRODUCTS & CHEMICALS INC | 3,628 | USD | 810,136 | 0.17 |
| ALPHABET INC -A- | 1,417 | USD | 2,029,742 | 0.43 |
| AMAZON.COM INC | 324 | USD | 862,446 | 0.18 |
| AMGEN INC | 3,516 | USD | 660,699 | 0.14 |
| ANALOG DEVICES INC | 8,320 | USD | 1,004,547 | 0.22 |
| APPLE INC | 27,874 | USD | 3,022,844 | 0.65 |
| CERNER CORP | 14,042 | USD | 900,671 | 0.19 |
| CITIGROUP INC | 38,842 | USD | 1,957,417 | 0.42 |
| DANAHER CORP | 5,760 | USD | 1,045,749 | 0.22 |
| ELECTRONIC ARTS - REGISTERED | 5,216 | USD | 612,168 | 0.13 |
| EMERSON ELECTRIC CO | 9,862 | USD | 647,794 | 0.14 |
| EQUINIX INC | 1,159 | USD | 676,502 | 0.14 |
| EXACT SCIENCES CORP | 8,628 | USD | 934,268 | 0.20 |
| FACEBOOK -A- | 4,122 | USD | 920,245 | 0.20 |
| FORTINET | 11,043 | USD | 1,340,539 | 0.29 |
| GENERAC HOLDINGS INC | 5,779 | USD | 1,074,090 | 0.23 |
| GUARDANT HEALTH --- REGISTERED SHS | 9,890 | USD | 1,041,742 | 0.22 |
| HILL-ROM HOLDINGS INC | 6,973 | USD | 558,330 | 0.12 |
| JPMORGAN CHASE CO | 16,726 | USD | 1,737,054 | 0.37 |
| KEYSIGHT TECHNOLOGIES | 5,739 | USD | 619,562 | 0.13 |
| LABORATORY CORP OF AMERICA HOLDINGS | 7,965 | USD | 1,325,059 | 0.28 |
| MERCK & CO INC | 9,697 | USD | 648,290 | 0.14 |
| MICROSOFT CORP | 14,259 | USD | 2,592,037 | 0.56 |
| NIKE INC | 10,406 | USD | 1,203,169 | 0.26 |
| OWENS CORNING SHS | 10,642 | USD | 658,933 | 0.14 |
| PALO ALTO NETWORKS | 2,734 | USD | 794,112 | 0.17 |
| PAYPAL HOLDINGS | 3,274 | USD | 626,677 | 0.13 |
| PEPSICO INC | 5,697 | USD | 690,503 | 0.15 |
| PROCTER AND GAMBLE CO | 13,099 | USD | 1,489,596 | 0.32 |
| QUALCOMM INC | 8,190 | USD | 1,019,709 | 0.22 |
| S&P GLOBAL INC | 4,140 | USD | 1,112,290 | 0.24 |
| SOLAREDGE TECHNOLOGIES INC | 1,381 | USD | 360,185 | 0.08 |
| STARBUCKS CORP | 7,796 | USD | 681,636 | 0.15 |
| VERTEX PHARMACEUTICALS INC | 3,449 | USD | 666,206 | 0.14 |
| VISA INC -A- | 5,139 | USD | 918,682 | 0.20 |
| VMWARE INC -A- | 10,065 | USD | 1,153,788 | 0.25 |
| WALT DISNEY CO | 7,033 | USD | 1,041,428 | 0.22 |
| WASTE MANAGEMENT | 16,738 | USD | 1,613,267 | 0.35 |
| XYLEM INC | 7,721 | USD | 642,328 | 0.14 |
| France |  |  | 14,149,182 | 3.03 |
| AIR LIQUIDE SA | 10,711 | EUR | 1,437,952 | 0.31 |
| ALSTOM SA | 13,352 | EUR | 622,337 | 0.13 |
| ARKEMA SA | 7,378 | EUR | 689,843 | 0.15 |
| DANONE SA | 16,746 | EUR | 900,265 | 0.19 |
| EIFFAGE | 6,544 | EUR | 517,238 | 0.11 |
| LEGRAND SA | 20,281 | EUR | 1,480,513 | 0.32 |
| MICHELIN SA REG SHS | 6,973 | EUR | 731,816 | 0.16 |
| PERNOD RICARD SA | 5,552 | EUR | 870,553 | 0.19 |

Candriam L Multi-Asset Income
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in EUR) | % net assets |
| SANOFI | 31,403 | EUR | 2,471,416 | 0.53 |
| SCHNEIDER ELECTRIC SE | 25,438 | EUR | 3,009,315 | 0.64 |
| TOTAL SE | 18,503 | EUR | 653,156 | 0.14 |
| VALEO SA | 23,692 | EUR | 764,778 | 0.16 |
| United Kingdom |  |  | 7,201,017 | 1.54 |
| BHP GROUP-REGISTERED SHS | 42,017 | GBP | 903,617 | 0.19 |
| GLAXOSMITHKLINE PLC | 57,876 | GBP | 867,720 | 0.19 |
| HALMA PLC | 26,845 | GBP | 734,481 | 0.16 |
| JOHNSON MATTHEY | 26,057 | GBP | 705,935 | 0.15 |
| LLOYDS BANKING GROUP PLC | 1,080,452 | GBP | 439,858 | 0.09 |
| PERSIMMON PLC | 10,234 | GBP | 316,361 | 0.07 |
| RIO TINTO PLC | 11,215 | GBP | 685,354 | 0.15 |
| SPIRAX-SARCO ENGIN | 5,327 | GBP | 672,198 | 0.14 |
| UNILEVER | 38,223 | GBP | 1,875,493 | 0.40 |
| Japan |  |  | 5,713,306 | 1.22 |
| DAIKIN INDUSTRIES LTD | 3,544 | JPY | 643,010 | 0.14 |
| HORIBA | 13,800 | JPY | 660,912 | 0.14 |
| MIURA CORP. | 5,500 | JPY | 250,781 | 0.05 |
| NABTESCO CORP | 21,400 | JPY | 765,705 | 0.17 |
| RECRUIT HOLDINGS CO LTD | 19,500 | JPY | 667,003 | 0.14 |
| SHIMANO INC | 3,500 | JPY | 667,304 | 0.14 |
| SHISEIDO | 11,000 | JPY | 621,379 | 0.13 |
| SONY CORP | 12,900 | JPY | 1,050,275 | 0.23 |
| YAKULT HONSHA CO LTD | 9,400 | JPY | 386,937 | 0.08 |
| Switzerland |  |  | 5,431,198 | 1.16 |
| ABB LTD REG SHS | 23,853 | CHF | 544,966 | 0.12 |
| JULIUS BAER GROUP NAMEN AKT | 9,175 | CHF | 432,643 | 0.09 |
| NOVARTIS AG REG SHS | 12,237 | CHF | 946,443 | 0.20 |
| ROCHE HOLDING LTD | 5,746 | CHF | 1,641,638 | 0.35 |
| SIKA - REGISTERED SHS | 2,506 | CHF | 560,261 | 0.12 |
| TE CONNECTIVITY LTD REG SHS | 13,191 | USD | 1,305,247 | 0.28 |
| Netherlands |  |  | 4,867,841 | 1.04 |
| AKZO NOBEL NV | 6,081 | EUR | 534,277 | 0.11 |
| ASML HOLDING NV | 2,049 | EUR | 814,580 | 0.17 |
| DSM KONINKLIJKE | 9,207 | EUR | 1,296,345 | 0.28 |
| PROSUS NV | 13,652 | EUR | 1,206,291 | 0.26 |
| STMICROELECTRONICS | 33,565 | EUR | 1,016,348 | 0.22 |
| Germany |  |  | 4,528,532 | 0.97 |
| ALLIANZ SE REG SHS | 4,617 | EUR | 926,632 | 0.20 |
| BMW AG | 6,766 | EUR | 488,708 | 0.11 |
| DAIMLER AG NAMEN-AKT | 8,846 | EUR | 511,210 | 0.11 |
| INFINEON TECHNOLOGIES REG SHS | 24,319 | EUR | 763,374 | 0.16 |
| MUENCHENER RUECKVERSICHERUNGS AG REG SHS | 3,656 | EUR | 887,677 | 0.19 |
| SIEMENS HEALTHINEERS | 22,652 | EUR | 950,931 | 0.20 |
| Ireland |  |  | 3,419,299 | 0.73 |
| CRH PLC | 19,009 | EUR | 646,686 | 0.14 |
| KINGSPAN GROUP | 12,966 | EUR | 744,248 | 0.16 |
| MEDTRONIC HLD | 14,205 | USD | 1,359,956 | 0.29 |
| TRANE TECH - REGISTERED SHS | 5,634 | USD | 668,409 | 0.14 |
| Italy |  |  | 2,541,016 | 0.54 |
| BREMBO SPA | 50,727 | EUR | 547,851 | 0.12 |
| ENEL SPA | 71,318 | EUR | 590,228 | 0.12 |
| INTESA SANPAOLO | 219,390 | EUR | 419,605 | 0.09 |
| SNAM SPA | 122,055 | EUR | 561,575 | 0.12 |
| UNICREDIT SPA REGS | 55,146 | EUR | 421,757 | 0.09 |

Candriam L Multi-Asset Income
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in EUR) | % net assets |
| Spain |  |  | 2,084,115 | 0.45 |
| AMADEUS IT GROUP SA -A- | 9,638 | EUR | 574,039 | 0.13 |
| BANCO BILBAO VIZCAYA ARGENTARIA SA | 126,168 | EUR | 509,088 | 0.11 |
| BANCO SANTANDER SA REG SHS | 168,569 | EUR | 427,828 | 0.09 |
| IBERDROLA SA | 48,988 | EUR | 573,160 | 0.12 |
| Belgium |  |  | 1,736,499 | 0.37 |
| KBC GROUPE SA | 19,824 | EUR | 1,135,519 | 0.24 |
| UMICORE SA | 15,296 | EUR | 600,980 | 0.13 |
| Sweden |  |  | 1,581,214 | 0.34 |
| NIBE INDUSTRIER -B- | 24,546 | SEK | 658,811 | 0.14 |
| TELEFON ERICSSON | 94,928 | SEK | 922,403 | 0.20 |
| Jersey |  |  | 1,152,596 | 0.25 |
| APTIV PLC | 10,824 | USD | 1,152,596 | 0.25 |
| Denmark |  |  | 696,596 | 0.15 |
| VESTAS WIND SYSTEMS AS | 3,602 | DKK | 696,596 | 0.15 |
| Bermuda |  |  | 628,893 | 0.14 |
| MARVELL TECHNOLOGY GROUP LTD | 16,186 | USD | 628,893 | 0.14 |
| Finland |  |  | 604,438 | 0.13 |
| NESTE | 10,217 | EUR | 604,438 | 0.13 |
| Norway |  |  | 585,573 | 0.13 |
| TOMRA SYSTEMS ASA | 14,516 | NOK | 585,573 | 0.13 |
| Bonds |  |  | 102,200,257 | 21.89 |
| United States of America |  |  | 32,707,189 | 7.00 |
| ABBOTT LABORATORIES 1.4000 20-30 30/06S | 1,100,000 | USD | 912,392 | 0.20 |
| AMAZON.COM INC	4.95 14-44 05/12S | 1,800,000 | USD | 2,156,499 | 0.46 |
| AMERICAN TOWER	1.0000 20-32 15/01A | 3,000,000 | EUR | 3,058,170 | 0.66 |
| APPLE INC	3.45 14-24 06/05S | 2,460,000 | USD | 2,213,899 | 0.47 |
| AT&T INC 2.60 14-29 17/12A | 2,800,000 | EUR | 3,327,590 | 0.71 |
| BALL CORP	4.375 15-23 15/12S | 1,220,000 | EUR | 1,346,575 | 0.29 |
| BANK OF AMERICA CO 3.875 15-25 01/08S | 1,616,000 | USD | 1,506,081 | 0.32 |
| CITIGROUP INC	2.350 16-21 02/08S | 673,000 | USD | 556,631 | 0.12 |
| ELI LILLY & CO  0.625 19-31 01/11A | 4,200,000 | EUR | 4,446,183 | 0.95 |
| GOLDMAN SACHS GROUP 3.625 13-23 22/01S | 826,000 | USD | 720,137 | 0.15 |
| MERCK & CO INC  2.75 15-25 10/02A | 615,000 | USD | 546,380 | 0.12 |
| MICROSOFT CORP	4.25 17-47 06/02S | 1,350,000 | USD | 1,552,685 | 0.33 |
| MORGAN STANLEY	4.00 15-25 23/07S | 1,600,000 | USD | 1,497,381 | 0.32 |
| NETFLIX INC	3.6250 19-30 15/06S | 800,000 | EUR | 912,312 | 0.20 |
| ORACLE CORP	3.6 20-50 01/04S | 1,600,000 | USD | 1,530,831 | 0.33 |
| PEPSICO INC	2.75 20-30 19/03S | 2,400,000 | USD | 2,195,503 | 0.47 |
| VERIZON COMM	1.375 16-28 02/11A | 2,100,000 | EUR | 2,302,996 | 0.49 |
| VERIZON COMMUNI	3.1500 20-30 22/03S | 2,100,000 | USD | 1,924,944 | 0.41 |
| France |  |  | 28,852,750 | 6.18 |
| BFCM 1.25 20-30 03/06A | 3,800,000 | EUR | 4,115,742 | 0.88 |
| BPCE	0.625 20-30 15/01A | 2,900,000 | EUR | 3,020,799 | 0.65 |
| CROWN EURO HOLDINGS 2.625 16-24 30/09S | 1,851,000 | EUR | 1,949,984 | 0.42 |
| FAURECIA	3.7500 20-28 15/06S | 1,600,000 | EUR | 1,685,000 | 0.36 |
| FRANCE 1.00 15-25 25/11A | 2,211,099 | EUR | 2,393,913 | 0.51 |
| FRANCE 3.25 12-45 25/05A | 1,199,270 | EUR | 2,073,034 | 0.44 |
| ORANGE SA	1.625 20-32 07/04A | 3,700,000 | EUR | 4,248,673 | 0.91 |
| REXEL SA	2.75 19-26 15/06S | 2,000,000 | EUR | 2,046,650 | 0.44 |
| SOCIETE GENERALE  0.7500 20-27 25/01A | 4,000,000 | EUR | 4,103,780 | 0.88 |
| SUEZ	1.2500 20-27 02/04A | 3,000,000 | EUR | 3,215,175 | 0.69 |

Candriam L Multi-Asset Income
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in EUR) | % net assets |
| Italy |  |  | 11,938,522 | 2.56 |
| BUONI POLIENNAL	3.8500 18-49 01/09S | 2,418,000 | EUR | 3,825,312 | 0.82 |
| HERA SPA	0.8750 19-27 05/07A | 3,181,000 | EUR | 3,356,146 | 0.72 |
| INTESA SANPAOLO	1.0000 19-24 04/07A | 2,877,000 | EUR | 2,968,762 | 0.64 |
| ITALY 4.50 13-24 01/03S | 543,000 | EUR | 625,455 | 0.13 |
| ITALY 4.75 13-28 01/09S | 463,000 | EUR | 618,869 | 0.13 |
| ITALY 5.00 09-40 01/09S | 324,000 | EUR | 543,978 | 0.12 |
| Netherlands |  |  | 7,897,244 | 1.69 |
| ENEL FIN INTL  0.3750 19-27 17/06A | 4,410,000 | EUR | 4,502,963 | 0.97 |
| IBERDROLA INTL BV	FL.R 18-XX XX/XXA | 3,100,000 | EUR | 3,286,697 | 0.70 |
| NETHERLANDS 0.25 15-25 15/07A | 103,010 | EUR | 107,584 | 0.02 |
| Luxembourg |  |  | 7,816,755 | 1.67 |
| DH EUROPE FIN 0.45 19-28 18/03A | 4,138,000 | EUR | 4,220,470 | 0.90 |
| MEDTRONIC GLOBAL	0.375 20-28 15/10A | 3,500,000 | EUR | 3,596,285 | 0.77 |
| Spain |  |  | 5,771,091 | 1.24 |
| SANTAN CONSUMER	0.3750 20-25 17/01A | 4,300,000 | EUR | 4,364,564 | 0.93 |
| SPAIN 1.85 19-35 05/03A | 600,000 | EUR | 727,131 | 0.16 |
| SPAIN 2.75 14-24 31/10A | 236,000 | EUR | 265,753 | 0.06 |
| SPAIN 3.80 14-24 30/04A | 361,000 | EUR | 413,643 | 0.09 |
| Germany |  |  | 3,349,704 | 0.72 |
| FRESENIUS MEDICAL CARE 1.50 20-30 29/05A | 2,800,000 | EUR | 3,040,254 | 0.65 |
| GERMANY 1.50 13-23 15/05A | 233,000 | EUR | 245,609 | 0.05 |
| GERMANY 2.50 12-44 04/07A | 38,000 | EUR | 63,841 | 0.02 |
| Ireland |  |  | 2,042,886 | 0.44 |
| SMURFIT KAPPA REGS 2.75 15-25 01/02S | 1,877,000 | EUR | 2,042,886 | 0.44 |
| Finland |  |  | 1,560,369 | 0.33 |
| NOKIA OYJ 2.00 19-26 11/03A | 1,500,000 | EUR | 1,560,369 | 0.33 |
| Belgium |  |  | 263,747 | 0.06 |
| BELGIUM 1.00 15-31 22/06A | 54,000 | EUR | 61,657 | 0.01 |
| BELGIUM 4.25 11-21 28/09A | 195,000 | EUR | 202,090 | 0.05 |
| Convertible bonds |  |  | 8,361,872 | 1.79 |
| United States of America |  |  | 4,185,449 | 0.90 |
| JPMORGAN CHASE BANK CV 0.00 19-22 18/09U | 1,900,000 | EUR | 2,352,960 | 0.51 |
| JPMORGAN CHASE BANK CV 0.00 19-22 24/25U | 1,000,000 | EUR | 1,164,310 | 0.25 |
| PRICELINE GROUP CV  0.90 15-21 15/09A | 699,000 | USD | 668,179 | 0.14 |
| Spain |  |  | 1,891,216 | 0.40 |
| CELLNEX TELECOM CV 0.50 19-28 05/07A | 1,000,000 | EUR | 1,291,840 | 0.27 |
| TELEFONICA PARTICI  0.00 16-21 09/03U | 600,000 | EUR | 599,376 | 0.13 |
| France |  |  | 1,685,297 | 0.36 |
| UNIBAIL RODAMCO CV  0.00 15-22 01/01U | 4,881 | EUR | 1,685,297 | 0.36 |
| Netherlands |  |  | 599,910 | 0.13 |
| AIRBUS GROUP SE CV  0.00 16-21 14/06U | 600,000 | EUR | 599,910 | 0.13 |
| Floating rate notes |  |  | 57,581,034 | 12.34 |
| France |  |  | 30,465,197 | 6.53 |
| AXA SA	FL.R 14-XX 07/11A | 2,600,000 | EUR | 2,914,275 | 0.62 |
| BNP PARIBAS	FL.R 19-26 04/12A | 3,800,000 | EUR | 3,872,998 | 0.83 |
| CNP ASSURANCES FL.R 19-50 27/07A | 2,700,000 | EUR | 2,875,824 | 0.62 |
| CREDIT AGRICOLE ASSUR FL.R 16-48 27/09A | 2,700,000 | EUR | 3,365,334 | 0.72 |
| FRANCE 0.25 13-24 25/07A | 6,423,000 | EUR | 7,266,465 | 1.56 |
| FRANCE 1.85 10-27 25/07A | 2,517,000 | EUR | 3,454,822 | 0.74 |

Candriam L Multi-Asset Income
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in EUR) | % net assets |
| FRANCE 3.40 99-29 25/07A | 1,596,000 | EUR | 2,966,750 | 0.64 |
| TOTAL SE FL.R 19-XX 04/04A | 3,642,000 | EUR | 3,748,729 | 0.80 |
| Italy |  |  | 12,356,110 | 2.65 |
| INTESA SAN PAOLO	FL.R 17-22 19/04Q | 873,000 | EUR | 879,988 | 0.19 |
| ITALY 1.25 15-32 15/09S | 4,122,000 | EUR | 5,017,212 | 1.08 |
| ITALY 2.35 14-24 15/09S | 3,317,000 | EUR | 3,896,571 | 0.83 |
| ITALY 3.10 11-26 15/09S | 1,898,000 | EUR | 2,562,339 | 0.55 |
| Germany |  |  | 8,794,239 | 1.88 |
| ALLIANZ SE	FL.R 17-47 06/07A | 2,900,000 | EUR | 3,357,910 | 0.72 |
| GERMANY 0.10 12-23 15/04A | 1,360,774 | EUR | 1,514,797 | 0.32 |
| GERMANY 0.10 15-26 15/04A | 1,367,682 | EUR | 1,564,733 | 0.34 |
| GERMANY 0.50 14-30 15/04A | 1,291,711 | EUR | 1,639,054 | 0.35 |
| MERCK KGAA	FL.R 20-80 09/09A | 700,000 | EUR | 717,745 | 0.15 |
| United States of America |  |  | 3,793,813 | 0.81 |
| BANK OF AMERICA	FL.R 20-31 26/10A | 3,700,000 | EUR | 3,793,813 | 0.81 |
| Netherlands |  |  | 2,171,675 | 0.47 |
| ING GROUP NV	FL.R 17-29 26/09A | 1,700,000 | EUR | 1,766,359 | 0.38 |
| ING GROUP NV FL.R 19-30 13/11A | 400,000 | EUR | 405,316 | 0.09 |
| Money market instruments |  |  | 88,532,616 | 18.96 |
| Treasury market |  |  | 88,532,616 | 18.96 |
| France |  |  | 22,798,710 | 4.88 |
| FRANCE TREASURY BILL ZCP 080921 | 22,665,000 | EUR | 22,798,710 | 4.88 |
| Germany |  |  | 20,141,048 | 4.32 |
| GERMAN TREASURY BILL ZCP 241121 | 20,000,000 | EUR | 20,141,048 | 4.32 |
| Spain |  |  | 20,082,757 | 4.30 |
| SPAI LETR DEL TESO ZCP 15-01-21 | 20,000,000 | EUR | 20,082,757 | 4.30 |
| Italy |  |  | 12,853,510 | 2.75 |
| ITALY BUONI TES BOT ZCP 130821 | 12,800,000 | EUR | 12,853,510 | 2.75 |
| United States of America |  |  | 12,656,591 | 2.71 |
| UNIT STAT TREA BIL ZCP 23-04-21 | 15,500,000 | USD | 12,656,591 | 2.71 |
| Undertakings for Collective Investment |  |  | 44,391,489 | 9.51 |
| Shares/Units in investment funds |  |  | 44,391,489 | 9.51 |
| Luxembourg |  |  | 35,287,214 | 7.56 |
| CANDRIAM ABSOLUTE RETURN EQUITY MARKET NEUTRAL | 4,954 | EUR | 8,435,424 | 1.81 |
| Z EUR C CANDRIAM BONDS EMERGING DEBT LOCAL CURRENCIES I | 8,072 | USD | 7,334,236 | 1.57 |
| USD C CANDRIAM BONDS EMERGING MARKET TOTAL RETURN Z | 2,225 | USD | 3,061,609 | 0.66 |
| USD C CANDRIAM SUSTAINABLE BOND EMERGING MARKETS Z | 7,685 | USD | 8,278,545 | 1.77 |
| USD C LUMYNA SANDBAR GLOBAL EQUITY MARKET NEUTRAL | 77,880 | EUR | 8,177,400 | 1.75 |
| UCITS B C |  |  |  |  |
| France |  |  | 9,104,275 | 1.95 |
| CANDRIAM GLOBAL ALPHA Z EUR C | 4,579 | EUR | 6,782,964 | 1.45 |
| CANDRIAM RISK ARBITRAGE Z EUR C | 1,558 | EUR | 2,321,311 | 0.50 |
| Total investment portfolio |  |  | 423,426,820 | 90.70 |
| Acquisition cost |  |  | 405,079,172 |  |

Candriam L Multi-Asset Income Geographical and economic breakdown of investments as at December 31, 2020
| Geographical breakdown (in % of net assets) |  |
| --- | --- |
| France | 22.93 |
| United States of America | 20.36 |
| Luxembourg | 9.23 |
| Italy | 8.50 |
| Germany | 7.89 |
| Spain | 6.39 |
| Ireland | 6.26 |
| Netherlands | 3.33 |
| United Kingdom | 1.54 |
| Japan | 1.22 |
| Switzerland | 1.16 |
| Finland | 0.46 |
| Belgium | 0.43 |
| Sweden | 0.34 |
| Jersey | 0.25 |
| Denmark | 0.15 |
| Bermuda | 0.13 |
| Norway | 0.13 |
|  | 90.70 |
| Economic breakdown (in % of net assets) |  |
| Bonds of States, provinces and municipalities | 27.97 |
| Banks and other financial institutions | 17.70 |
| Investment funds | 9.51 |
| Pharmaceuticals and cosmetics | 5.38 |
| Communications | 3.55 |
| Internet and Internet services | 3.40 |
| Insurance | 3.07 |
| Electrical engineering and electronics | 2.70 |
| Utilities | 2.06 |
| Electronics and semiconductors | 1.43 |
| Foods and non alcoholic drinks | 1.30 |
| Road vehicles | 1.25 |
| Real Estate companies | 1.16 |
| Chemicals | 1.14 |
| Machine and apparatus construction | 1.13 |
| Office supplies and computing | 1.12 |
| Petroleum | 1.07 |
| Packaging industries | 0.71 |
| Retail trade and department stores | 0.65 |
| Building materials and trade | 0.62 |
| Graphic art and publishing | 0.60 |
| Biotechnology | 0.48 |
| Environmental services and recycling | 0.35 |
| Miscellaneous services | 0.33 |
| Miscellaneous consumer goods | 0.32 |
| Non-ferrous metals | 0.28 |
| Textiles and garments | 0.26 |
| Coal mining and steel industry | 0.19 |
| Tobacco and alcoholic drinks | 0.19 |
| Healthcare and social services | 0.19 |
| Tires and rubber | 0.16 |
| Precious metals and stones | 0.15 |
| Hotels and restaurants | 0.15 |
| Aeronautic And Astronautic Industry | 0.13 |
|  | 90.70 |

Translation (ENFR, 2020-12-31):
# Candriam L Multi-Asset Income
| Portefeuille-titres au 31 décembre 2020 |  |
| --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation (en EUR) | % actifs nets |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou traitées sur un autre marché réglementé |  |  | 290.502.715 | 62,23 |
| Actions |  |  | 98.615.755 | 21,12 |
| États-Unis |  |  | 41.694.440 | 8,93 |
| AIR PRODUCTS & CHEMICALS INC | 3.628 | USD | 810.136 | 0,17 |
| ALPHABET INC -A- | 1.417 | USD | 2.029.742 | 0,43 |
| AMAZON.COM INC | 324 | USD | 862.446 | 0,18 |
| AMGEN INC | 3.516 | USD | 660.699 | 0,14 |
| ANALOG DEVICES INC | 8.320 | USD | 1.004.547 | 0,22 |
| APPLE INC | 27.874 | USD | 3.022.844 | 0,65 |
| CERNER CORP | 14.042 | USD | 900.671 | 0,19 |
| CITIGROUP INC | 38.842 | USD | 1.957.417 | 0,42 |
| DANAHER CORP | 5.760 | USD | 1.045.749 | 0,22 |
| ELECTRONIC ARTS - REGISTERED | 5.216 | USD | 612.168 | 0,13 |
| EMERSON ELECTRIC CO | 9.862 | USD | 647.794 | 0,14 |
| EQUINIX INC | 1.159 | USD | 676.502 | 0,14 |
| EXACT SCIENCES CORP | 8.628 | USD | 934.268 | 0,20 |
| FACEBOOK -A- | 4.122 | USD | 920.245 | 0,20 |
| FORTINET | 11.043 | USD | 1.340.539 | 0,29 |
| GENERAC HOLDINGS INC | 5.779 | USD | 1.074.090 | 0,23 |
| GUARDANT HEALTH --- REGISTERED SHS | 9.890 | USD | 1.041.742 | 0,22 |
| HILL-ROM HOLDINGS INC | 6.973 | USD | 558.330 | 0,12 |
| JPMORGAN CHASE CO | 16.726 | USD | 1.737.054 | 0,37 |
| KEYSIGHT TECHNOLOGIES | 5.739 | USD | 619.562 | 0,13 |
| LABORATORY CORP OF AMERICA HOLDINGS | 7.965 | USD | 1.325.059 | 0,28 |
| MERCK & CO INC | 9.697 | USD | 648.290 | 0,14 |
| MICROSOFT CORP | 14.259 | USD | 2.592.037 | 0,56 |
| NIKE INC | 10.406 | USD | 1.203.169 | 0,26 |
| OWENS CORNING SHS | 10.642 | USD | 658.933 | 0,14 |
| PALO ALTO NETWORKS | 2.734 | USD | 794.112 | 0,17 |
| PAYPAL HOLDINGS | 3.274 | USD | 626.677 | 0,13 |
| PEPSICO INC | 5.697 | USD | 690.503 | 0,15 |
| PROCTER AND GAMBLE CO | 13.099 | USD | 1.489.596 | 0,32 |
| QUALCOMM INC | 8.190 | USD | 1.019.709 | 0,22 |
| S&P GLOBAL INC | 4.140 | USD | 1.112.290 | 0,24 |
| SOLAREDGE TECHNOLOGIES INC | 1.381 | USD | 360.185 | 0,08 |
| STARBUCKS CORP | 7.796 | USD | 681.636 | 0,15 |
| VERTEX PHARMACEUTICALS INC | 3.449 | USD | 666.206 | 0,14 |
| VISA INC -A- | 5.139 | USD | 918.682 | 0,20 |
| VMWARE INC -A- | 10.065 | USD | 1.153.788 | 0,25 |
| WALT DISNEY CO | 7.033 | USD | 1.041.428 | 0,22 |
| WASTE MANAGEMENT | 16.738 | USD | 1.613.267 | 0,35 |
| XYLEM INC | 7.721 | USD | 642.328 | 0,14 |
| France |  |  | 14.149.182 | 3,03 |
| AIR LIQUIDE SA | 10.711 | EUR | 1.437.952 | 0,31 |
| ALSTOM SA | 13.352 | EUR | 622.337 | 0,13 |
| ARKEMA SA | 7.378 | EUR | 689.843 | 0,15 |
| DANONE SA | 16.746 | EUR | 900.265 | 0,19 |
| EIFFAGE | 6.544 | EUR | 517.238 | 0,11 |
| LEGRAND SA | 20.281 | EUR | 1.480.513 | 0,32 |
| MICHELIN SA REG SHS | 6.973 | EUR | 731.816 | 0,16 |
| PERNOD RICARD SA | 5.552 | EUR | 870.553 | 0,19 |
| SANOFI | 31.403 | EUR | 2.471.416 | 0,53 |
| SCHNEIDER ELECTRIC SE | 25.438 | EUR | 3.009.315 | 0,64 |
| TOTAL SE | 18.503 | EUR | 653.156 | 0,14 |

Candriam L Multi-Asset Income
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation (en EUR) | % actifs nets |
| VALEO SA | 23.692 | EUR | 764.778 | 0,16 |
| Royaume-Uni |  |  | 7.201.017 | 1,54 |
| BHP GROUP-REGISTERED SHS | 42.017 | GBP | 903.617 | 0,19 |
| GLAXOSMITHKLINE PLC | 57.876 | GBP | 867.720 | 0,19 |
| HALMA PLC | 26.845 | GBP | 734.481 | 0,16 |
| JOHNSON MATTHEY | 26.057 | GBP | 705.935 | 0,15 |
| LLOYDS BANKING GROUP PLC | 1.080.452 | GBP | 439.858 | 0,09 |
| PERSIMMON PLC | 10.234 | GBP | 316.361 | 0,07 |
| RIO TINTO PLC | 11.215 | GBP | 685.354 | 0,15 |
| SPIRAX-SARCO ENGIN | 5.327 | GBP | 672.198 | 0,14 |
| UNILEVER | 38.223 | GBP | 1.875.493 | 0,40 |
| Japon |  |  | 5.713.306 | 1,22 |
| DAIKIN INDUSTRIES LTD | 3.544 | JPY | 643.010 | 0,14 |
| HORIBA | 13.800 | JPY | 660.912 | 0,14 |
| MIURA CORP. | 5.500 | JPY | 250.781 | 0,05 |
| NABTESCO CORP | 21.400 | JPY | 765.705 | 0,17 |
| RECRUIT HOLDINGS CO LTD | 19.500 | JPY | 667.003 | 0,14 |
| SHIMANO INC | 3.500 | JPY | 667.304 | 0,14 |
| SHISEIDO | 11.000 | JPY | 621.379 | 0,13 |
| SONY CORP | 12.900 | JPY | 1.050.275 | 0,23 |
| YAKULT HONSHA CO LTD | 9.400 | JPY | 386.937 | 0,08 |
| Suisse |  |  | 5.431.198 | 1,16 |
| ABB LTD REG SHS | 23.853 | CHF | 544.966 | 0,12 |
| JULIUS BAER GROUP NAMEN AKT | 9.175 | CHF | 432.643 | 0,09 |
| NOVARTIS AG REG SHS | 12.237 | CHF | 946.443 | 0,20 |
| ROCHE HOLDING LTD | 5.746 | CHF | 1.641.638 | 0,35 |
| SIKA - REGISTERED SHS | 2.506 | CHF | 560.261 | 0,12 |
| TE CONNECTIVITY LTD REG SHS | 13.191 | USD | 1.305.247 | 0,28 |
| Pays-Bas |  |  | 4.867.841 | 1,04 |
| AKZO NOBEL NV | 6.081 | EUR | 534.277 | 0,11 |
| ASML HOLDING NV | 2.049 | EUR | 814.580 | 0,17 |
| DSM KONINKLIJKE | 9.207 | EUR | 1.296.345 | 0,28 |
| PROSUS NV | 13.652 | EUR | 1.206.291 | 0,26 |
| STMICROELECTRONICS | 33.565 | EUR | 1.016.348 | 0,22 |
| Allemagne |  |  | 4.528.532 | 0,97 |
| ALLIANZ SE REG SHS | 4.617 | EUR | 926.632 | 0,20 |
| BMW AG | 6.766 | EUR | 488.708 | 0,11 |
| DAIMLER AG NAMEN-AKT | 8.846 | EUR | 511.210 | 0,11 |
| INFINEON TECHNOLOGIES REG SHS | 24.319 | EUR | 763.374 | 0,16 |
| MUENCHENER RUECKVERSICHERUNGS AG REG SHS | 3.656 | EUR | 887.677 | 0,19 |
| SIEMENS HEALTHINEERS | 22.652 | EUR | 950.931 | 0,20 |
| Irlande |  |  | 3.419.299 | 0,73 |
| CRH PLC | 19.009 | EUR | 646.686 | 0,14 |
| KINGSPAN GROUP | 12.966 | EUR | 744.248 | 0,16 |
| MEDTRONIC HLD | 14.205 | USD | 1.359.956 | 0,29 |
| TRANE TECH - REGISTERED SHS | 5.634 | USD | 668.409 | 0,14 |
| Italie |  |  | 2.541.016 | 0,54 |
| BREMBO SPA | 50.727 | EUR | 547.851 | 0,12 |
| ENEL SPA | 71.318 | EUR | 590.228 | 0,12 |
| INTESA SANPAOLO | 219.390 | EUR | 419.605 | 0,09 |
| SNAM SPA | 122.055 | EUR | 561.575 | 0,12 |
| UNICREDIT SPA REGS | 55.146 | EUR | 421.757 | 0,09 |
| Espagne |  |  | 2.084.115 | 0,45 |
| AMADEUS IT GROUP SA -A- | 9.638 | EUR | 574.039 | 0,13 |
| BANCO BILBAO VIZCAYA ARGENTARIA SA | 126.168 | EUR | 509.088 | 0,11 |

Candriam L Multi-Asset Income
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation (en EUR) | % actifs nets |
| BANCO SANTANDER SA REG SHS | 168.569 | EUR | 427.828 | 0,09 |
| IBERDROLA SA | 48.988 | EUR | 573.160 | 0,12 |
| Belgique |  |  | 1.736.499 | 0,37 |
| KBC GROUPE SA | 19.824 | EUR | 1.135.519 | 0,24 |
| UMICORE SA | 15.296 | EUR | 600.980 | 0,13 |
| Suède |  |  | 1.581.214 | 0,34 |
| NIBE INDUSTRIER -B- | 24.546 | SEK | 658.811 | 0,14 |
| TELEFON ERICSSON | 94.928 | SEK | 922.403 | 0,20 |
| Jersey |  |  | 1.152.596 | 0,25 |
| APTIV PLC | 10.824 | USD | 1.152.596 | 0,25 |
| Danemark |  |  | 696.596 | 0,15 |
| VESTAS WIND SYSTEMS AS | 3.602 | DKK | 696.596 | 0,15 |
| Bermudes |  |  | 628.893 | 0,14 |
| MARVELL TECHNOLOGY GROUP LTD | 16.186 | USD | 628.893 | 0,14 |
| Finlande |  |  | 604.438 | 0,13 |
| NESTE | 10.217 | EUR | 604.438 | 0,13 |
| Norvège |  |  | 585.573 | 0,13 |
| TOMRA SYSTEMS ASA | 14.516 | NOK | 585.573 | 0,13 |
| Obligations |  |  | 102.200.257 | 21,89 |
| États-Unis |  |  | 32.707.189 | 7,00 |
| ABBOTT LABORATORIES 1.4000 20-30 30/06S | 1.100.000 | USD | 912.392 | 0,20 |
| AMAZON.COM INC	4.95 14-44 05/12S | 1.800.000 | USD | 2.156.499 | 0,46 |
| AMERICAN TOWER	1.0000 20-32 15/01A | 3.000.000 | EUR | 3.058.170 | 0,66 |
| APPLE INC	3.45 14-24 06/05S | 2.460.000 | USD | 2.213.899 | 0,47 |
| AT&T INC 2.60 14-29 17/12A | 2.800.000 | EUR | 3.327.590 | 0,71 |
| BALL CORP	4.375 15-23 15/12S | 1.220.000 | EUR | 1.346.575 | 0,29 |
| BANK OF AMERICA CO 3.875 15-25 01/08S | 1.616.000 | USD | 1.506.081 | 0,32 |
| CITIGROUP INC	2.350 16-21 02/08S | 673.000 | USD | 556.631 | 0,12 |
| ELI LILLY & CO  0.625 19-31 01/11A | 4.200.000 | EUR | 4.446.183 | 0,95 |
| GOLDMAN SACHS GROUP 3.625 13-23 22/01S | 826.000 | USD | 720.137 | 0,15 |
| MERCK & CO INC  2.75 15-25 10/02A | 615.000 | USD | 546.380 | 0,12 |
| MICROSOFT CORP	4.25 17-47 06/02S | 1.350.000 | USD | 1.552.685 | 0,33 |
| MORGAN STANLEY	4.00 15-25 23/07S | 1.600.000 | USD | 1.497.381 | 0,32 |
| NETFLIX INC	3.6250 19-30 15/06S | 800.000 | EUR | 912.312 | 0,20 |
| ORACLE CORP	3.6 20-50 01/04S | 1.600.000 | USD | 1.530.831 | 0,33 |
| PEPSICO INC	2.75 20-30 19/03S | 2.400.000 | USD | 2.195.503 | 0,47 |
| VERIZON COMM	1.375 16-28 02/11A | 2.100.000 | EUR | 2.302.996 | 0,49 |
| VERIZON COMMUNI	3.1500 20-30 22/03S | 2.100.000 | USD | 1.924.944 | 0,41 |
| France |  |  | 28.852.750 | 6,18 |
| BFCM 1.25 20-30 03/06A | 3.800.000 | EUR | 4.115.742 | 0,88 |
| BPCE	0.625 20-30 15/01A | 2.900.000 | EUR | 3.020.799 | 0,65 |
| CROWN EURO HOLDINGS 2.625 16-24 30/09S | 1.851.000 | EUR | 1.949.984 | 0,42 |
| FAURECIA	3.7500 20-28 15/06S | 1.600.000 | EUR | 1.685.000 | 0,36 |
| FRANCE 1.00 15-25 25/11A | 2.211.099 | EUR | 2.393.913 | 0,51 |
| FRANCE 3.25 12-45 25/05A | 1.199.270 | EUR | 2.073.034 | 0,44 |
| ORANGE SA	1.625 20-32 07/04A | 3.700.000 | EUR | 4.248.673 | 0,91 |
| REXEL SA	2.75 19-26 15/06S | 2.000.000 | EUR | 2.046.650 | 0,44 |
| SOCIETE GENERAL	0.7500 20-27 25/01A | 4.000.000 | EUR | 4.103.780 | 0,88 |
| SUEZ	1.2500 20-27 02/04A | 3.000.000 | EUR | 3.215.175 | 0,69 |
| Italie |  |  | 11.938.522 | 2,56 |
| BUONI POLIENNAL	3.8500 18-49 01/09S | 2.418.000 | EUR | 3.825.312 | 0,82 |
| HERA SPA	0.8750 19-27 05/07A | 3.181.000 | EUR | 3.356.146 | 0,72 |
| INTESA SANPAOLO	1.0000 19-24 04/07A | 2.877.000 | EUR | 2.968.762 | 0,64 |

Candriam L Multi-Asset Income
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation (en EUR) | % actifs nets |
| ITALY 4.50 13-24 01/03S | 543.000 | EUR | 625.455 | 0,13 |
| ITALY 4.75 13-28 01/09S | 463.000 | EUR | 618.869 | 0,13 |
| ITALY 5.00 09-40 01/09S | 324.000 | EUR | 543.978 | 0,12 |
| Pays-Bas |  |  | 7.897.244 | 1,69 |
| ENEL FIN INTL  0.3750 19-27 17/06A | 4.410.000 | EUR | 4.502.963 | 0,97 |
| IBERDROLA INTL BV	FL.R 18-XX XX/XXA | 3.100.000 | EUR | 3.286.697 | 0,70 |
| NETHERLANDS 0.25 15-25 15/07A | 103.010 | EUR | 107.584 | 0,02 |
| Luxembourg |  |  | 7.816.755 | 1,67 |
| DH EUROPE FIN 0.45 19-28 18/03A | 4.138.000 | EUR | 4.220.470 | 0,90 |
| MEDTRONIC GLOBAL	0.375 20-28 15/10A | 3.500.000 | EUR | 3.596.285 | 0,77 |
| Espagne |  |  | 5.771.091 | 1,24 |
| SANTAN CONSUMER	0.3750 20-25 17/01A | 4.300.000 | EUR | 4.364.564 | 0,93 |
| SPAIN 1.85 19-35 05/03A | 600.000 | EUR | 727.131 | 0,16 |
| SPAIN 2.75 14-24 31/10A | 236.000 | EUR | 265.753 | 0,06 |
| SPAIN 3.80 14-24 30/04A | 361.000 | EUR | 413.643 | 0,09 |
| Allemagne |  |  | 3.349.704 | 0,72 |
| FRESENIUS MEDICAL CARE 1.50 20-30 29/05A | 2.800.000 | EUR | 3.040.254 | 0,65 |
| GERMANY 1.50 13-23 15/05A | 233.000 | EUR | 245.609 | 0,05 |
| GERMANY 2.50 12-44 04/07A | 38.000 | EUR | 63.841 | 0,02 |
| Irlande |  |  | 2.042.886 | 0,44 |
| SMURFIT KAPPA REGS 2.75 15-25 01/02S | 1.877.000 | EUR | 2.042.886 | 0,44 |
| Finlande |  |  | 1.560.369 | 0,33 |
| NOKIA OYJ 2.00 19-26 11/03A | 1.500.000 | EUR | 1.560.369 | 0,33 |
| Belgique |  |  | 263.747 | 0,06 |
| BELGIUM 1.00 15-31 22/06A | 54.000 | EUR | 61.657 | 0,01 |
| BELGIUM 4.25 11-21 28/09A | 195.000 | EUR | 202.090 | 0,05 |
| Obligations convertibles |  |  | 8.361.872 | 1,79 |
| États-Unis |  |  | 4.185.449 | 0,90 |
| JPMORGAN CHASE BANK CV 0.00 19-22 18/09U | 1.900.000 | EUR | 2.352.960 | 0,51 |
| JPMORGAN CHASE BANK CV 0.00 19-22 24/05U | 1.000.000 | EUR | 1.164.310 | 0,25 |
| PRICELINE GROUP CV  0.90 15-21 15/09A | 699.000 | USD | 668.179 | 0,14 |
| Espagne |  |  | 1.891.216 | 0,40 |
| CELLNEX TELECOM CV 0.50 19-28 05/07A | 1.000.000 | EUR | 1.291.840 | 0,27 |
| TELEFONICA PARTICI  0.00 16-21 09/03U | 600.000 | EUR | 599.376 | 0,13 |
| France |  |  | 1.685.297 | 0,36 |
| UNIBAIL RODAMCO CV  0.00 15-22 01/01U | 4.881 | EUR | 1.685.297 | 0,36 |
| Pays-Bas |  |  | 599.910 | 0,13 |
| AIRBUS GROUP SE CV  0.00 16-21 14/06U | 600.000 | EUR | 599.910 | 0,13 |
| Produits structurés |  |  | 23.743.797 | 5,09 |
| Irlande |  |  | 23.743.797 | 5,09 |
| ISHARES PHYSICAL GOLD ETC | 785.872 | USD | 23.743.797 | 5,09 |
| Obligations à taux variables |  |  | 57.581.034 | 12,34 |
| France |  |  | 30.465.197 | 6,53 |
| AXA SA	FL.R 14-XX 07/11A | 2.600.000 | EUR | 2.914.275 | 0,62 |
| BNP PARIBAS	FL.R 19-26 04/12A | 3.800.000 | EUR | 3.872.998 | 0,83 |
| CNP ASSURANCES FL.R 19-50 27/07A | 2.700.000 | EUR | 2.875.824 | 0,62 |
| CREDIT AGRICOLE ASSUR FL.R 16-48 27/09A | 2.700.000 | EUR | 3.365.334 | 0,72 |
| FRANCE 0.25 13-24 25/07A | 6.423.000 | EUR | 7.266.465 | 1,56 |
| FRANCE 1.85 10-27 25/07A | 2.517.000 | EUR | 3.454.822 | 0,74 |

Candriam L Multi-Asset Income
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d'évaluation (en EUR) | % actifs nets |
| FRANCE 3.40 99-29 25/07A | 1.596.000 | EUR | 2.966.750 | 0,64 |
| TOTAL SE FL.R 19-XX 04/04A | 3.642.000 | EUR | 3.748.729 | 0,80 |
| Italie |  |  | 12.356.110 | 2,65 |
| INTESA SAN PAOLO	FL.R 17-22 19/04Q | 873.000 | EUR | 879.988 | 0,19 |
| ITALY 1.25 15-32 15/09S | 4.122.000 | EUR | 5.017.212 | 1,08 |
| ITALY 2.35 14-24 15/09S | 3.317.000 | EUR | 3.896.571 | 0,83 |
| ITALY 3.10 11-26 15/09S | 1.898.000 | EUR | 2.562.339 | 0,55 |
| Allemagne |  |  | 8.794.239 | 1,88 |
| ALLIANZ SE	FL.R 17-47 06/07A | 2.900.000 | EUR | 3.357.910 | 0,72 |
| GERMANY 0.10 12-23 15/04A | 1.360.774 | EUR | 1.514.797 | 0,32 |
| GERMANY 0.10 15-26 15/04A | 1.367.682 | EUR | 1.564.733 | 0,34 |
| GERMANY 0.50 14-30 15/04A | 1.291.711 | EUR | 1.639.054 | 0,35 |
| MERCK KGAA	FL.R 20-80 09/09A | 700.000 | EUR | 717.745 | 0,15 |
| États-Unis |  |  | 3.793.813 | 0,81 |
| BANK OF AMERICA	FL.R 20-31 26/10A | 3.700.000 | EUR | 3.793.813 | 0,81 |
| Pays-Bas |  |  | 2.171.675 | 0,47 |
| ING GROUP NV	FL.R 17-29 26/09A | 1.700.000 | EUR | 1.766.359 | 0,38 |
| ING GROUP NV FL.R 19-30 13/11A | 400.000 | EUR | 405.316 | 0,09 |
| Instruments du marché monétaire |  |  | 88.532.616 | 18,96 |
| Bons du trésor |  |  | 88.532.616 | 18,96 |
| France |  |  | 22.798.710 | 4,88 |
| FRANCE TREASURY BILL ZCP 080921 | 22.665.000 | EUR | 22.798.710 | 4,88 |
| Allemagne |  |  | 20.141.048 | 4,32 |
| GERMAN TREASURY BILL ZCP 241121 | 20.000.000 | EUR | 20.141.048 | 4,32 |
| Espagne |  |  | 20.082.757 | 4,30 |
| SPAI LETR DEL TESO ZCP 15-01-21 | 20.000.000 | EUR | 20.082.757 | 4,30 |
| Italie |  |  | 12.853.510 | 2,75 |
| ITALY BUONI TES BOT ZCP 130821 | 12.800.000 | EUR | 12.853.510 | 2,75 |
| États-Unis |  |  | 12.656.591 | 2,71 |
| UNIT STAT TREA BIL ZCP 23-04-21 | 15.500.000 | USD | 12.656.591 | 2,71 |
| Organismes de placement collectif |  |  | 44.391.489 | 9,51 |
| Actions/Parts détenues dans des fonds d'investissement |  |  | 44.391.489 | 9,51 |
| Luxembourg |  |  | 35.287.214 | 7,56 |
| CANDRIAM ABSOLUTE RETURN EQUITY MARKET NEUTRAL | 4.954 | EUR | 8.435.424 | 1,81 |
| Z EUR CANDRIAM BONDS EMERGING DEBT LOCAL CURRENCIES I | 8.072 | USD | 7.334.236 | 1,57 |
| USD C |  |  |  |  |
| CANDRIAM BONDS EMERGING MARKET TOTAL RETURN Z | 2.225 | USD | 3.061.609 | 0,66 |
| USD C |  |  |  |  |
| CANDRIAM SUSTAINABLE BOND EMERGING MARKETS Z | 7.685 | USD | 8.278.545 | 1,77 |
| USD C |  |  |  |  |
| LUMYNA SANDBAR GLOBAL EQUITY MARKET NEUTRAL | 77.880 | EUR | 8.177.400 | 1,75 |
| UCITS B C |  |  |  |  |
| France |  |  | 9.104.275 | 1,95 |
| CANDRIAM GLOBAL ALPHA Z EUR C | 4.579 | EUR | 6.782.964 | 1,45 |
| CANDRIAM RISK ARBITRAGE Z EUR C | 1.558 | EUR | 2.321.311 | 0,50 |
| Total du portefeuille-titres |  |  | 423.426.820 | 90,70 |
| Coût d'acquisition |  |  | 405.079.172 |  |

Candriam L Multi-Asset Income
Répartition géographique et économique du portefeuille-titres au 31 décembre 2020
| Répartition géographique (en % des actifs nets) |  |
| --- | --- |
| France | 22,93 |
| États-Unis | 20,36 |
| Luxembourg | 9,23 |
| Italie | 8,50 |
| Allemagne | 7,89 |
| Espagne | 6,39 |
| Irlande | 6,26 |
| Pays-Bas | 3,33 |
| Royaume-Uni | 1,54 |
| Japon | 1,22 |
| Suisse | 1,16 |
| Finlande | 0,46 |
| Belgique | 0,43 |
| Suède | 0,34 |
| Jersey | 0,25 |
| Danemark | 0,15 |
| Bermudes | 0,13 |
| Norvège | 0,13 |
|  | 90,70 |
| Répartition économique (en % des actifs nets) Obligations d'Etats, de Provinces et communes | 27,97 |
| Banques et autres institutions financières | 17,70 |
| Fonds d'investissement | 9,51 |
| Industrie pharmaceutique et cosmétique | 5,38 |
| Télécommunication | 3,55 |
| Internet et services d'Internet | 3,40 |
| Assurances | 3,07 |
| Electrotechnique et électronique | 2,70 |
| Energie et eau | 2,06 |
| Electronique et semiconducteurs | 1,43 |
| Industrie agro-alimentaire | 1,30 |
| Industrie automobile | 1,25 |
| Sociétés immobilières | 1,16 |
| Chimie | 1,14 |
| Construction de machines et appareils | 1,13 |
| Articles de bureaux et ordinateurs | 1,12 |
| Pétrole | 1,07 |
| Industries d'emballage | 0,71 |
| Distribution, commerce de détail | 0,65 |
| Constructions, matériaux de construction | 0,62 |
| Art graphique, maison d'édition | 0,60 |
| Biotechnologie | 0,48 |
| Service d'environnement et de recyclage | 0,35 |
| Services divers | 0,33 |
| Bien de consommation divers | 0,32 |
| Métaux non ferreux | 0,28 |
| Textile et habillement | 0,26 |
| Industrie minière | 0,19 |
| Tabac et alcool | 0,19 |
| Service de santé publique et service social | 0,19 |
| Pneus et caoutchouc | 0,16 |
| Métaux et pierres précieuses | 0,15 |
| Restauration, industrie hôtelière | 0,15 |
| Industrie aéronautique et spatiale | 0,13 |
|  | 90,70 |