# PORTFOLIO BREAKDOWN
### SECTOR BREAKDOWN *

### GEOGRAPHICAL BREAKDOWN
Financials Information Technology
Industrials Consumer discretionary
Materials
Health care Consumer staples Communication Services
Energy Utilities Real estate
0 %	5 %	10 %	15 %	20 %
Portfolio  Benchmark
France Germany Netherlands
Italy Spain Belgium Luxembourg Switzerland United States
United Kingdom Other countries
0 %	5 %	10 %  15 %  20 %  25 %  30 %  35 % 40 %
Portfolio  Benchmark
| * % of assets ANALYSIS RATIOS |  |
| --- | --- |
|  |  |  |  |
|  |  | Portfolio | Benchmark |
| Average market Cap (Bn €) |  | 62.30 | 76.09 |
| % Mid Caps + Small Caps |  | 46.08 | 30.01 |
| % Large Caps |  | 53.92 | 69.99 |
| Per 12 Month forward |  | 13.46 | 15.37 |
| Price to Book |  | 1.57 | 1.84 |
| Price to Cash Flow |  | 10.90 | 10.84 |
| Dividend Yield (%) |  | 2.35 | 2.60 |
| Annualized EPS Growth (n/n+2) (%) |  | 11.12 | 15.88 |
| Annualized Revenue Growth (n/n+2) (%) |  | 5.93 | 6.89 |
| Issuer number (excluding cash) | 75 |  |  |
| Cash as % of total assets | 4.45% |  |  |

| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  |  |  |  |
|  | Sector | Weight | Spread / Index |
| ASML HOLDING NV | Information Technology | 4.33% | -1.30% |
| STELLANTIS MILAN | Consumer discretionary | 3.91% | 3.21% |
| SIEMENS AG-REG | Industrials | 3.21% | 0.94% |
| BNP PARIBAS | Financials | 2.63% | 1.35% |
| STMICROELECTRONICS/P | Information Technology | 2.60% | 2.07% |
| AIRBUS SE | Industrials | 2.41% | 0.98% |
| ING GROEP NV | Financials | 2.41% | 1.38% |
| SANOFI | Health care | 2.40% | 0.44% |
| SOCIETE GENERALE | Financials | 2.38% | 1.92% |
| CAPGEMINI | Information Technology | 2.33% | 1.73% |
| Excluding mutual funds |  |  |  |

Translation (ENFR, 2021-09-30):
# COMPOSITION DU PORTEFEUILLE
### REPARTITION SECTORIELLE *

### REPARTITION GEOGRAPHIQUE
Finance Technologies de l'info.
Industrie Conso cyclique
Matériaux
Santé Conso non cyclique Services de communication
Énergie Services publics
Immobilier
0 %	5 %	10 %	15 %	20 %
France Allemagne Pays-Bas
Italie Espagne Belgique Luxembourg
Suisse
Etats-Unis Royaume-Uni
Autres
0 %	5 %	10 %	15 %	20 %	25 %	30 %	35 % 40 %
| Portefeuille |  | Indice |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| * En pourcentage de l'actif RATIOS D'ANALYSE |  |  |  |  | Portefeuille |  | Indice |
|  |  |  |  |  |  |  |  |
|  |  |  | Portefeuille | Indice |  |  |  |
| Cap. boursière moy. (Mds €) |  |  | 62,30 | 76,09 |  |  |  |
| % Moyenne + Petite capitalisation |  |  | 46,08 | 30,01 |  |  |  |
| % Grande capitalisation |  |  | 53,92 | 69,99 |  |  |  |
| PER annuel anticipé |  |  | 13,46 | 15,37 |  |  |  |
| Prix sur actif net |  |  | 1,57 | 1,84 |  |  |  |
| Prix sur cashflow |  |  | 10,90 | 10,84 |  |  |  |
| Taux de rendement (en %) |  |  | 2,35 | 2,60 |  |  |  |
| Croissance BPA annualisé (n/n+2) (en %) |  |  | 11,12 | 15,88 |  |  |  |
| Croissance CA annualisé (n/n+2) (en %) |  |  | 5,93 | 6,89 |  |  |  |
| Nombre d'émetteurs (hors liquidités) |  | 75 |  |  |  |  |  |
| Liquidités en % de l'actif |  | 4,45% |  |  |  |  |  |

| PRINCIPALES LIGNES EN PORTEFEUILLE |  |
| --- | --- |
|  |  |  |  |
|  | Secteur | Poids (PTF) | Ecart / Indice |
| ASML HOLDING NV | Technologies de l'info. | 4,33% | -1,30% |
| STELLANTIS MILAN | Conso cyclique | 3,91% | 3,21% |
| SIEMENS AG-REG | Industrie | 3,21% | 0,94% |
| BNP PARIBAS | Finance | 2,63% | 1,35% |
| STMICROELECTRONICS/P | Technologies de l'info. | 2,60% | 2,07% |
| AIRBUS SE | Industrie | 2,41% | 0,98% |
| ING GROEP NV | Finance | 2,41% | 1,38% |
| SANOFI | Santé | 2,40% | 0,44% |
| SOCIETE GENERALE | Finance | 2,38% | 1,92% |
| CAPGEMINI | Technologies de l'info. | 2,33% | 1,73% |
| Hors OPC |  |  |  |