# BIL Invest Bonds EUR Corporate Investment Grade
#### Investment portfolio as at December 31, 2021
(expressed in EUR) (continued)
| Description | Number of shares | Currency | Market value | % net assets |
| --- | --- | --- | --- | --- |
|  |
|  |
| Denmark (continued) |
| Gn St Nord 0.875% 21-25.11.24 | 1,200,000 | EUR | 1,206,108 | 0.57 |
| Jyske Bk 3.625% 21-Perp | 900,000 | EUR | 907,650 | 0.43 |

5,641,533	2.67
France
| Altareit 2.875% 18-02.07.25 | 1,100,000 | EUR | 1,170,301 | 0.56 |
| --- | --- | --- | --- | --- |
| Atos 2.5% 18-07.11.28 Regs | 1,600,000 | EUR | 1,758,448 | 0.83 |
| Axa Frn 03-..Perp.Emtn | 500,000 | EUR | 468,585 | 0.22 |
| Bnpp 2.375% 18-20.11.30 | 2,000,000 | EUR | 2,128,840 | 1.01 |
| Carmila 1.625% 20-30.05.27 | 2,500,000 | EUR | 2,568,900 | 1.22 |
| Cnp Assur 2.75% 19-05.02.29 | 1,500,000 | EUR | 1,682,760 | 0.80 |
| Edenred 1.875% 17-30.03.27 | 2,000,000 | EUR | 2,158,200 | 1.02 |
| Eiffage Sa 1.625% 20-14.01.27 Regs | 1,500,000 | EUR | 1,531,645 | 0.73 |
| Eutelsat 2% 18-02.10.25 | 1,400,000 | EUR | 1,453,382 | 0.69 |
| Getlink 3.50% 20-30.10.25 | 1,000,000 | EUR | 1,033,156 | 0.49 |
| Iliad 2.375% 20-17.06.26 | 1,800,000 | EUR | 1,808,460 | 0.86 |
| Kering 0.75% 20-13.05.28 | 1,500,000 | EUR | 1,549,875 | 0.74 |
| La Mondiale 5.05% 14-Perp | 1,500,000 | EUR | 1,733,265 | 0.82 |
| Lagardere 1.625% 17-21.06.24 | 1,000,000 | EUR | 1,020,328 | 0.48 |
| Loxam 3.25% 19-14.01.25 | 500,000 | EUR | 503,025 | 0.24 |
| Orpea 2.625% 18-10.03.25 | 1,500,000 | EUR | 1,567,455 | 0.74 |
| Rci Banque 1.125% 20-15.01.27 | 2,000,000 | EUR | 2,019,880 | 0.96 |
| Teleperform 0.25% 20-26.11.27 | 1,500,000 | EUR | 1,474,080 | 0.70 |
| Tikehau 2.25% 19-14.10.26 | 1,200,000 | EUR | 1,251,120 | 0.59 |
| Total Sa 2.0% 20-Perp | 1,500,000 | EUR | 1,480,200 | 0.70 |
| Ubisoft Ent 0.878% 20-24.11.27 | 1,000,000 | EUR | 980,329 | 0.46 |
|  |  |  | 31,342,234 | 14.86 |

Germany
| Adler Re 1.5% 19-17.04.22 | 500,000 | EUR | 491,875 | 0.23 |
| --- | --- | --- | --- | --- |
| Bilfinger 4.50% 19-14.06.24 | 500,000 | EUR | 537,250 | 0.26 |
| Daimler 0.75% 20-10.09.30 | 1,500,000 | EUR | 1,544,520 | 0.73 |
| Deut Bk 1.625% 20-20.01.27 | 2,000,000 | EUR | 2,085,260 | 0.99 |
| Evonik Ind 1.375% 21-02.09.81 | 1,000,000 | EUR | 996,380 | 0.47 |
| Munich Re 1.25% 20-26.05.41 | 1,500,000 | EUR | 1,480,800 | 0.70 |
| Sixt Se 1.5% 18-21.02.24 | 1,000,000 | EUR | 1,020,000 | 0.49 |
|  |  |  | 8,156,085 | 3.87 |

Great Britain
| Anglo Amer 1.625% 19-11.03.26 | 1,800,000 | EUR | 1,864,944 | 0.88 |
| --- | --- | --- | --- | --- |
| Astrazeneca 0.375% 21-03.06.29 | 2,000,000 | EUR | 1,996,340 | 0.95 |
| Aviva 3.375% 15-04.12.45 | 2,000,000 | EUR | 2,192,860 | 1.04 |
| Barclays 0.75% 19-09.06.25 | 1,700,000 | EUR | 1,724,395 | 0.82 |
| Bpcm 3.625% 20-Perp Regs | 700,000 | EUR | 754,068 | 0.36 |
| Credit Agri 0.50% 19-24.06.24 | 2,000,000 | EUR | 2,027,660 | 0.96 |
| Informa 2.125% 20-06.10.25 | 2,000,000 | EUR | 2,096,780 | 0.99 |

Translation (ENFR, 2021-12-31):
# BIL Invest Bonds EUR Corporate Investment Grade
#### Portefeuille-titres au 31 décembre 2021
(exprimé en EUR)
| Adler Re 1.5% 19-17.04.22 | 500.000 | EUR | 491.875 | 0,23 |
| --- | --- | --- | --- | --- |
| Bilfinger 4.50% 19-14.06.24 | 500.000 | EUR | 537.250 | 0,26 |
| Daimler 0.75% 20-10.09.30 | 1.500.000 | EUR | 1.544.520 | 0,73 |
| Deut Bk 1.625% 20-20.01.27 | 2.000.000 | EUR | 2.085.260 | 0,99 |
| Evonik Ind 1.375% 21-02.09.81 | 1.000.000 | EUR | 996.380 | 0,47 |
| Munich Re 1.25% 20-26.05.41 | 1.500.000 | EUR | 1.480.800 | 0,70 |
| Sixt Se 1.5% 18-21.02.24 | 1.000.000 | EUR | 1.020.000 | 0,49 |

| Ams 6.0% 20-31.07.25 | 1.000.000 | EUR | 1.060.050 | 0,50 |
| --- | --- | --- | --- | --- |
| Bawag Psk 0.375% 19-03.09.27 | 2.000.000 | EUR | 1.988.760 | 0,94 |
| Ca Immo 1.0% 20-27.10.25 | 1.000.000 | EUR | 998.620 | 0,47 |
| Erste Bk 4.25% 20-Perp | 600.000 | EUR | 629.676 | 0,30 |
| Mondi Finan 2.375% 20-01.04.28 | 800.000 | EUR | 883.984 | 0,42 |
| Novomatic 1.625% 16-20.09.23 | 800.000 | EUR | 794.100 | 0,38 |
| Vienna Insur 3.75%(Frn)02.03.46 | 500.000 | EUR | 557.700 | 0,27 |
|  |  |  | 6.912.890 | 3,28 |

| Aliaxis Fin 0.875% 21-08.11.28 | 1.000.000 | EUR | 984.610 | 0,47 |
| --- | --- | --- | --- | --- |
| Befimmo 2.098% 18-12.03.26 | 1.300.000 | EUR | 1.293.870 | 0,61 |
| Belfius Bk 0% 19-28.08.26 | 1.200.000 | EUR | 1.185.216 | 0,56 |
| Bpost 1.25% 18-11.07.26 Regs | 1.600.000 | EUR | 1.677.936 | 0,80 |
| Elia Transm 0.875% 20-28.04.30 Regs | 500.000 | EUR | 510.770 | 0,24 |
| Ethias Sa 5% 15-14.01.26 | 500.000 | EUR | 579.688 | 0,28 |
| Fluxys 2.75% 14-27.11.29 | 500.000 | EUR | 544.375 | 0,26 |
| Gimv Sa 2.25% 21-15.03.29 | 600.000 | EUR | 625.458 | 0,30 |
| Kbc 0.625% 21-07.12.31 | 1.800.000 | EUR | 1.770.300 | 0,84 |
| Kinepolis 2.75% 19-18.12.26 | 900.000 | EUR | 870.044 | 0,41 |
| La Lorra 3.0% 20-15.12.27 | 700.000 | EUR | 717.748 | 0,34 |
| Leasinvest 1.95% 19-28.11.26 | 400.000 | EUR | 384.512 | 0,18 |
| Sofina 1.0% 21-23.09.28 Regs | 2.000.000 | EUR | 1.959.736 | 0,93 |
| Vgp 1.50% 21-08.04.29 | 1.000.000 | EUR | 977.623 | 0,46 |
| Vgp 3.5% 18-19.03.26 | 1.200.000 | EUR | 1.272.167 | 0,60 |