# Equity Exposure (% TNA)	Equity Exposure: monthly history (% TNA)
### Net Equity

### ...which is made up of Long Equity

### Short Equity Other

### Gross Equity (before aggregation)

### Exposure (% TNA)

### 0.4

### 36.3

### -35.9

### 0.0

### 72.2

### Gross Equity (after aggregation)	72.2
Definition of terms:
Long	Short	Net	Gross Equity (after
aggregation)
Long Equity exposure: long positions are created through purchases of company shares or derivatives. They profit from share price increases and suffer losses if prices fall. Long Equity exposure is the total of the fund’s long positions after aggregation.
Short Equity exposure: short positions are created through derivatives. They can allow the fund to profit from a fall in the price of an underlying share (although fund returns will be hurt if the price of the underlying share rises). Short Equity exposure is the total of the fund’s short positions after aggregation.
Net Equity exposure: the percentage of the fund invested in the equity market. It is the difference between the long and the short exposures. For example, if the fund is 120% long and 25% short, the fund is 95% net invested.

### Other: the value of any non-equity investments (excluding cash funds) expressed as a percentage of fund TNA.
Gross Equity exposure: this is shown before and after the aggregation of investments linked to a particular issuing company or basket security. Any difference between the two figures shows the fund is holding long and short exposure for the same company or basket security.

### % TNA: Data is presented as a percentage of TNA, which stands for Total Net Assets (the value of all the fund’s assets after the deduction of any liabilities).
Sector/Industry Exposure (% TNA)	Market Capitalisation Exposure (% TNA)
| GICS Sector | Long | Short | Net |  | USD | Long | Short | Net |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Consumer Discretionary | 2.9 | 0.0 | 2.9 |  | >10bn | 24.5 | -9.3 | 15.2 |
| Information Technology | 3.5 | -2.8 | 0.7 |  | 5-10bn | 0.0 | -11.8 | -11.8 |
| Real Estate | 0.2 | -0.2 | 0.0 |  | 1-5bn | 11.8 | -8.6 | 3.2 |
| Financials | 9.1 | -9.1 | 0.0 |  | 0-1bn | 0.0 | 0.0 | 0.0 |
| Utilities | 2.8 | -3.0 | -0.2 |  | Total Market Cap Exposure | 36.3 | -29.7 | 6.6 |
| Communication Services | 5.6 | -6.1 | -0.6 |  | Index / Unclassified | 0.0 | -6.2 | -6.2 |
| Consumer Staples | 12.1 | -14.6 | -2.5 |  | Total Equity Exposure | 36.3 | -35.9 | 0.4 |

| Total Sector Exposure | 36.3 | -35.9 | 0.5 |
| --- | --- | --- | --- |
| Other Index / Unclassified | 0.0 | 0.0 | 0.0 |
| Total Equity Exposure | 36.3 | -35.9 | 0.4 |

Geographic Exposure (% TNA)	Regional Exposure (% TNA)
|  | Long | Short | Net |  |  | Long | Short | Net |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Korea (South) | 3.3 | -2.7 | 0.5 |  | Emerging Asia | 30.8 | -30.0 | 0.8 |
| Taiwan | 12.3 | -12.0 | 0.3 |  | Asia Pacific (ex-Japan) | 5.5 | -5.8 | -0.3 |
| Thailand | 8.9 | -8.9 | 0.1 |  |
| Philippines | 0.2 | -0.2 | 0.0 |
| China | 6.1 | -6.2 | -0.1 |
| Hong Kong | 5.5 | -5.8 | -0.3 |

|  | Total Regional Exposure | 36.3 | -35.9 | 0.4 |
| --- | --- | --- | --- | --- |
| Total Geographic Exposure | 36.3 | -35.9 | 0.4 | Other Index / Unclassified | 0.0 | 0.0 | 0.0 |
| Other Index / Unclassified | 0.0 | 0.0 | 0.0 | Total Equity Exposure | 36.3 | -35.9 | 0.4 |
| Total Equity Exposure | 36.3 | -35.9 | 0.4 |  |  |  |  |

Top Net Long Positions (% TNA)

### DELTA ELECTRONICS INC CHINA MENGNIU DAIRY CO E SUN FINL HLDGS CO LTD CHAILEASE HOLDING CO LTD BGF RETAIL CO LTD

### CP ALL PCL

### TISCO FINANCIAL GROUP PCL THAI BEVERAGE PUBLIC CO LTD POYA CO LTD

### TENCENT HLDGS LTD

### GICS Sector

### Information Technology Consumer Staples Financials

### Financials Consumer Staples Consumer Staples Financials Consumer Staples

### Consumer Discretionary Communication Services

### Geographic Location

### Taiwan China Taiwan Taiwan Korea (South) Thailand Thailand Thailand Taiwan China

### Fund

### 3.3

### 3.2

### 3.1

### 3.0

### 3.0

### 3.0

### 3.0

### 2.9

### 2.9

### 2.9
Definition of terms:
Top Net Long Positions: those companies in which the largest percentages of the fund’s total net assets are effectively invested. Positions in other funds - including ETFs (Exchange Traded Funds) - can appear in this table, but index derivatives form part of an "Other Index / Unclassified" category which will not appear.

### The sector/industry classification used (ie GICS, ICB, TOPIX or IPD) varies by fund. Full descriptions of GICS, ICB, TOPIX and IPD can be found in the glossary.

Translation (ENFR, 2021-06-30):
# Exposition géographique (% de la VL totale)	Exposition Régionale (% actif net)
|  | Long | Court | Net |  |  | Long | Court | Net |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Corée du Sud | 3,3 | -2,7 | 0,5 |  | Asie émergente | 30,8 | -30,0 | 0,8 |
| Taiwan | 12,3 | -12,0 | 0,3 |  | Asie Pacifique (hors-Japon) | 5,5 | -5,8 | -0,3 |
| Thaïlande | 8,9 | -8,9 | 0,1 |  |
| Philippines | 0,2 | -0,2 | 0,0 |
| Chine | 6,1 | -6,2 | -0,1 |
| Hong Kong | 5,5 | -5,8 | -0,3 |

|  | Exposition Totale Région | 36,3 | -35,9 | 0,4 |
| --- | --- | --- | --- | --- |
| Exposition géographique totale | 36,3 | -35,9 | 0,4 | Autre Indice/Non classé | 0,0 | 0,0 | 0,0 |
| Autre Indice/Non classé | 0,0 | 0,0 | 0,0 | Exposition Totale Actions | 36,3 | -35,9 | 0,4 |
| Exposition Totale Actions | 36,3 | -35,9 | 0,4 |  |  |  |  |

Principales positions nettes longues (% actif net)

### DELTA ELECTRONICS INC CHINA MENGNIU DAIRY CO E SUN FINL HLDGS CO LTD CHAILEASE HOLDING CO LTD BGF RETAIL CO LTD

### CP ALL PCL

### TISCO FINANCIAL GROUP PCL THAI BEVERAGE PUBLIC CO LTD POYA CO LTD

### TENCENT HLDGS LTD

### Secteur GICS

### Technologie de l’information

### Biens de consommation non-cyclique Services financiers

### Services financiers

### Biens de consommation non-cyclique Biens de consommation non-cyclique Services financiers

### Biens de consommation non-cyclique Biens de consommation cyclique Services de communication

### Zone géographique

### Taiwan Chine Taiwan Taiwan

### Corée du Sud Thaïlande Thaïlande Thaïlande Taiwan

### Chine

### Fonds

### 3,3

### 3,2

### 3,1

### 3,0

### 3,0

### 3,0

### 3,0

### 2,9

### 2,9

### 2,9
Définition des termes :
Principales Positions longues nettes : sociétés dans lesquelles l'actif net total du fonds est le plus investi en pourcentage. Les positions dans d'autres fonds - notamment des ETF (Exchange Traded Funds) - peuvent apparaître dans ce tableau mais, le cas échéant, les dérivés indiciels font partie d'une catégorie « Autre Indice/Hors classement » qui n'apparaît pas ici.

### Le classement secteur/industrie utilisé (GICS, ICB, TOPIX ou IPD) varie en fonction du fonds. La description complète des classements GICS, ICB, TOPIX et IPD est présentée dans le glossaire.