# Smartfund 80% Protected Growth Fund
Schedule of significant portfolio movements for the financial year ended 31 July 2022
(continued)
| Total disposals for the year |  | £ 6,257,522 |
| --- | --- | --- |
| Material disposals | Nominal holdings | Proceeds £ |
| SSAB | 109,679 | 401,560 |
| Aker Carbon Capture | 93,865 | 269,087 |
| ABG Sundal Collier | 282,605 | 231,393 |
| Concentric | 11,741 | 228,732 |
| PostNL | 52,792 | 207,157 |
| Ascom | 17,168 | 198,313 |
| Wallenius Wilhelmsen | 57,513 | 194,127 |
| Brunel International | 19,548 | 187,232 |
| Dampskibsselskabet Norden | 9,795 | 179,468 |
| KWS Saat | 2,875 | 179,221 |
| Chocoladefabriken Lindt & Spruengli | 2 | 176,169 |
| Bellevue | 4,816 | 169,428 |
| Alm Brand | 31,218 | 168,531 |
| Givaudan | 47 | 156,071 |
| New Wave | 10,479 | 152,377 |
| PVA TePla | 4,762 | 133,519 |
| SpareBank 1 Nord Norge | 15,317 | 132,181 |
| Heidelberger Druckmaschinen | 61,801 | 126,801 |
| Krones | 1,458 | 122,463 |
| Sparebanken Vest | 14,890 | 121,613 |
| Cloetta | 49,864 | 119,152 |
| Nokia | 25,991 | 115,766 |
| Berner Kantonalbank | 686 | 115,583 |
| Vossloh | 3,136 | 114,612 |
| H. Lundbeck | 5,201 | 113,886 |
| Norwegian Property | 76,043 | 113,302 |
| Essity Aktiebolag | 4,584 | 111,499 |
| Nexus | 1,627 | 110,996 |
| RTL | 2,567 | 110,378 |
| Leifheit | 3,135 | 109,320 |
| Deutz | 16,425 | 104,247 |
| NCC | 8,435 | 102,992 |
| Graubuendner Kantonalbank | 83 | 102,561 |
| Aker Solutions | 49,093 | 98,998 |
| Ratos | 22,982 | 98,233 |
| Bergman & Beving | 7,099 | 91,388 |
| Rieter | 538 | 82,871 |
| SGS | 38 | 82,354 |
| MLP | 10,601 | 80,568 |
| Bertrandt | 1,502 | 80,382 |
| Hawesko | 1,523 | 79,683 |
| SAS | 534,603 | 77,429 |
| Init Innovation In Traffic Systems | 1,972 | 72,304 |

The statement of material disposals reflect the aggregate disposals of a security greater than one per cent of the total disposals for the financial year. If there were fewer than twenty positions exceeding one per cent, the top twenty positions

Translation (ENFR, 2022-07-31):
# Smartfund 80% Protected Growth Fund
État des principales variations du portefeuille pour l’exercice clos le 31 juillet 2022 (suite)
| Total des cessions pour l’exercice |  | 6 257 522 GBP |
| --- | --- | --- |
|  | Participations | Produit |
| Principales cessions | nominales | GBP |
| SSAB | 109 679 | 401 560 |
| Aker Carbon Capture | 93 865 | 269 087 |
| ABG Sundal Collier | 282 605 | 231 393 |
| Concentric | 11 741 | 228 732 |
| PostNL | 52 792 | 207 157 |
| Ascom | 17 168 | 198 313 |
| Wallenius Wilhelmsen | 57 513 | 194 127 |
| Brunel International | 19 548 | 187 232 |
| Dampskibsselskabet Norden | 9 795 | 179 468 |
| KWS Saat | 2 875 | 179 221 |
| Chocoladefabriken Lindt & Spruengli | 2 | 176 169 |
| Bellevue | 4 816 | 169 428 |
| Alm Brand | 31 218 | 168 531 |
| Givaudan | 47 | 156 071 |
| New Wave | 10 479 | 152 377 |
| PVA TePla | 4 762 | 133 519 |
| SpareBank 1 Nord Norge | 15 317 | 132 181 |
| Heidelberger Druckmaschinen | 61 801 | 126 801 |
| Krones | 1 458 | 122 463 |
| Sparebanken Vest | 14 890 | 121 613 |
| Cloetta | 49 864 | 119 152 |
| Nokia | 25 991 | 115 766 |
| Berner Kantonalbank | 686 | 115 583 |
| Vossloh | 3 136 | 114 612 |
| H. Lundbeck | 5 201 | 113 886 |
| Norwegian Property | 76 043 | 113 302 |
| Essity Aktiebolag | 4 584 | 111 499 |
| Nexus | 1 627 | 110 996 |
| RTL | 2 567 | 110 378 |
| Leifheit | 3 135 | 109 320 |
| Deutz | 16 425 | 104 247 |
| NCC | 8 435 | 102 992 |
| Graubuendner Kantonalbank | 83 | 102 561 |
| Aker Solutions | 49 093 | 98 998 |
| Ratos | 22 982 | 98 233 |
| Bergman & Beving | 7 099 | 91 388 |
| Rieter | 538 | 82 871 |
| SGS | 38 | 82 354 |
| MLP | 10 601 | 80 568 |
| Bertrandt | 1 502 | 80 382 |
| Hawesko | 1 523 | 79 683 |
| SAS | 534 603 | 77 429 |
| Init Innovation In Traffic Systems | 1 972 | 72 304 |


## L’état des principales cessions reflète les cessions globales d’un titre excédant un pour cent du total des cessions pour

## l’exercice. S’il y avait moins de vingt positions dépassant un pour cent, les vingt positions principales ont été indiquées.