# PORTFOLIO BREAKDOWN
#### SECTOR BREAKDOWN *

#### GEOGRAPHICAL BREAKDOWN

#### BREAKDOWN BY CURRENCY *
Financials
Information Technology
Consumer discretionary
Industrials
14.12
14.28
14.32
13.76
13.05
18.46
17.75
France Germany Netherlands
Spain
6.78
19.25
12.43
13.45
35.18
31.77
27.88
EUR
Consumer staples
Health care
Materials Communication
Services Utilities
Energy
Real estate
0.02
7.47
7.94
7.32
7.68
7.01
7.32
5.52
4.32
4.47
6.24
3.26
3.57
14.92
Italy Finland Ireland Belgium United States Switzerland
7.29
4.78
6.23
4.08
3.31
3.12
2.14
2.39
2.53
2.38
1.54
1.68
0.49
Others
1.82
0 %	10 %	20 %
|  |
| --- |
|  |
| * % of assets |  |  |  |  |  | * As a percentage of the assets - including currency hedging |  |
| ANALYSIS RATIOS |  |  |  |  |  | Issuer number (excluding cash) | 53 |
|  |  |  |  |  |  | Cash as % of total assets | 6.11% |
|  |  |  | Portfolio |  | Benchmark |  |  |
| Average market Cap (Bn €) |  |  | 66.70 |  | 83.84 |  |  |
| % Mid Caps + Small Caps |  |  | 26.58 |  | 29.95 |  |  |
| % Large Caps |  |  | 73.42 |  | 70.05 |  |  |
| Per 12 Month forward |  |  | 15.02 |  | 15.94 |  |  |
| Price to Book |  |  | 1.70 |  | 2.12 |  |  |
| Price to Cash Flow |  |  | 10.00 |  | 11.75 |  |  |
| Dividend Yield (%) |  |  | 2.49 |  | 2.73 |  |  |
| Annualized EPS Growth (n/n+2) (%) |  |  | 12.35 |  | 12.61 |  |  |
| Annualized Revenue Growth (n/n+2) (%) |  |  | 5.23 |  | 5.61 |  |  |
| MAIN POSITIONS IN PORFOLIO |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
|  | Sector |  | Weight |  | Spread / Index |  |  |
| NOKIA OYJ | Information Technology |  | 4.05% |  | 3.48% |  |  |
| SIEMENS AG-REG | Industrials |  | 3.28% |  | 1.18% |  |  |
| LVMH MOET HENNESSY | Consumer discretionary |  | 3.13% |  | -0.79% |  |  |
| SANOFI | Health care |  | 2.88% |  | 0.86% |  |  |
| BNP PARIBAS | Financials |  | 2.83% |  | 1.62% |  |  |
| STELLANTIS MILAN | Consumer discretionary |  | 2.74% |  | 2.06% |  |  |
| ALLIANZ SE-REG | Financials |  | 2.74% |  | 0.94% |  |  |
| ASML HOLDING NV | Information Technology |  | 2.63% |  | -2.93% |  |  |
| AIRBUS SE | Industrials |  | 2.57% |  | 1.16% |  |  |
| KERRY GROUP-A | Consumer staples |  | 2.34% |  | 1.92% |  |  |
| Excluding mutual funds |  |  |  |  |  |  |  |

Portfolio  Benchmark
Other countries
2.56
1.99
0 %	20 %	40 %
0 %	25 %  50 %  75 % 100 %125 %
Portfolio  Benchmark
Portfolio  Benchmark

Translation (ENFR, 2021-07-31):
# COMPOSITION DU PORTEFEUILLE
#### REPARTITION SECTORIELLE *

#### REPARTITION GEOGRAPHIQUE

#### EXPOSITION PAR DEVISE *
Finance
Technologies de
l'info.
14,12
14,28
14,32
18,46
France
Allemagne
Conso cyclique
Industrie
Conso non cyclique
Santé
Matériaux
Services de communication
Services publics
7,47
7,94
7,32
7,68
7,01
7,32
5,52
4,32
4,47
6,24
13,76
17,75
13,05
14,92
Pays-Bas Espagne Italie Finlande Irlande Belgique
Etats-Unis
EUR
Autres
Énergie
Immobilier
0,02
3,26
3,57
Suisse
1,82
0 %	10 %	20 %
|  |
| --- |
|  |
| * En pourcentage de l'actif |  |  | * En pourcentage de l’actif – avec couverture de change |  |
| RATIOS D'ANALYSE |  |  | Nombre d'émetteurs (hors liquidités) | 53 |
|  |  |  | Liquidités en % de l'actif | 6,11% |
|  | Portefeuille | Indice |  |  |
| Cap. boursière moy. (Mds €) | 66,70 | 83,84 |  |  |
| % Moyenne + Petite capitalisation | 26,58 | 29,95 |  |  |
| % Grande capitalisation | 73,42 | 70,05 |  |  |
| PER annuel anticipé | 15,02 | 15,94 |  |  |
| Prix sur actif net | 1,70 | 2,12 |  |  |
| Prix sur cashflow | 10,00 | 11,75 |  |  |
| Taux de rendement (en %) | 2,49 | 2,73 |  |  |
| Croissance BPA annualisé (n/n+2) (en %) | 12,35 | 12,61 |  |  |
| Croissance CA annualisé (n/n+2) (en %) | 5,23 | 5,61 |  |  |
| PRINCIPALES LIGNES EN PORTEFEUILLE |  |  |  |  |
|  |  |  |  |  |
| Secteur | Poids (PTF) | Ecart / Indice |  |  |
| NOKIA OYJ	Technologies de l'info. | 4,05% | 3,48% |  |  |
| SIEMENS AG-REG	Industrie | 3,28% | 1,18% |  |  |
| LVMH MOET HENNESSY	Conso cyclique | 3,13% | -0,79% |  |  |
| SANOFI	Santé | 2,88% | 0,86% |  |  |
| BNP PARIBAS	Finance | 2,83% | 1,62% |  |  |
| STELLANTIS MILAN	Conso cyclique | 2,74% | 2,06% |  |  |
| ALLIANZ SE-REG	Finance | 2,74% | 0,94% |  |  |
| ASML HOLDING NV	Technologies de l'info. | 2,63% | -2,93% |  |  |
| AIRBUS SE	Industrie | 2,57% | 1,16% |  |  |
| KERRY GROUP-A	Conso non cyclique | 2,34% | 1,92% |  |  |
| Hors OPC |  |  |  |  |

Portefeuille Indice
Autres
0 %	10 %	20 %	30 % 40 %
Portefeuille Indice
0 %	25 %	50 %	75 %  100 %125 %
Portefeuille Indice