# PORTFOLIO BREAKDOWN
#### SECTOR BREAKDOWN *

#### GEOGRAPHICAL BREAKDOWN

#### BREAKDOWN BY CURRENCY *
Consumer discretionary
Industrials
Information Technology
Communication
Services Real estate
2.69
12.37
9.60
15.60
13.85
8.63
10.34
26.81
23.08
23.66
North America
Europe ex-EMU
EMU
USD EUR JPY GBP CAD
Financials
Health care
Consumer staples
Utilities Energy Materials
5.15
2.41
0.22
6.76
0.06
2.69
0.04
3.38
0.03
4.65
13.85
11.71
Emerging countries
Asia ex-Japan
Japan
Others
HKD AUD CHF NOK BRL
Others
0 %	10 %	20 %	30 %
-25 %	0 %
25 %	50 %  75 %
* % of assets
Portfolio  Benchmark
0 %	25 %	50 %	75 %
Portfolio  Benchmark
Portfolio  Benchmark
* As a percentage of the assets - including currency hedging

## ANALYSIS RATIOS
Issuer number (excluding cash)69
Cash as % of total assets	4.74%
Average market Cap (Bn €)
% Mid Caps + Small Caps
% Large Caps
Per 12 Month forward Price to Book
Price to Cash Flow Dividend Yield (%)
Annualized EPS Growth (n/n+2) (%) Annualized Revenue Growth (n/n+2) (%)
| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  |  |  |  |
|  | Sector | Weight | Spread / Index |
| MICROSOFT CORP | Information Technology | 4.02% | 0.58% |
| THOMSON REUTERS CORP (NYSE) | Industrials | 3.05% | 3.02% |
| WORKDAY INC | Information Technology | 3.00% | 2.92% |
| ASGN INC | Industrials | 2.77% | 2.77% |
| RELX PLC | Industrials | 2.67% | 2.58% |
| IHS MARKIT LTD | Industrials | 2.63% | 2.55% |
| WOLTERS KLUWER | Industrials | 2.62% | 2.58% |
| UNITE GROUP | Real estate | 2.48% | 2.48% |
| AMERICAN CAMPUS CMT | Real estate | 2.38% | 2.38% |
| COMPASS GROUP PLC - NEW | Consumer discretionary | 2.21% | 2.15% |
| Excluding mutual funds |  |  |  |

Translation (ENFR, 2021-12-31):
# COMPOSITION DU PORTEFEUILLE
#### REPARTITION SECTORIELLE *

#### RÉPARTITION GÉOGRAPHIQUE

#### EXPOSITION PAR DEVISE *
Conso cyclique
Industrie Technologies de
l'info.
Services de communication
Immobilier
Finance
Santé Conso non
2,69
5,15
2,41
0,22
12,37
9,60
15,60
13,85
8,63
10,34
13,85
11,71
26,81
23,08
23,66
Amérique du
nord
Europe ex-EMU
Zone Euro
Pays émergents
Asie hors-Japon
USD EUR JPY GBP CAD HKD AUD
CHF
cyclique
Services publics
Énergie
0,06
2,69
0,04
6,76
Japon
NOK BRL
Matériaux
3,38
0,03
4,65
Autres
Autres
0 %	10 %	20 %  30 %
-25 %	0 %
25 %	50 %  75 %
Portefeuille Indice
0 %	25 %	50 %  75 %
|  |
| --- |
|  |
| * En pourcentage de l'actif |  |  |  |  | * En pourcentage de l’actif – avec couverture de change |  |
| RATIOS D'ANALYSE |  |  |  |  | Nombre d'émetteurs (hors liquidités) | 69 |
|  |  |  |  |  | Liquidités en % de l'actif | 4,74% |
|  |  |  | Portefeuille | Indice |  |  |
| Cap. boursière moy. (Mds €) |  |  | 111,14 | 385,90 |  |  |
| % Moyenne + Petite capitalisation |  |  | 81,35 | 27,75 |  |  |
| % Grande capitalisation |  |  | 18,65 | 72,25 |  |  |
| PER annuel anticipé |  |  | 23,30 | 18,39 |  |  |
| Prix sur actif net |  |  | 2,75 | 3,04 |  |  |
| Prix sur cashflow |  |  | 17,07 | 14,50 |  |  |
| Taux de rendement (en %) |  |  | 1,29 | 1,84 |  |  |
| Croissance BPA annualisé (n/n+2) (en %) |  |  | 25,22 | 12,29 |  |  |
| Croissance CA annualisé (n/n+2) (en %) |  |  | 12,95 | 9,54 |  |  |
| PRINCIPALES LIGNES EN PORTEFEUILLE |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  | Secteur |  | Poids (PTF) | Ecart / Indice |  |  |
| MICROSOFT CORP | Technologies de l'info. |  | 4,02% | 0,58% |  |  |
| THOMSON REUTERS CORP (NYSE) | Industrie |  | 3,05% | 3,02% |  |  |
| WORKDAY INC | Technologies de l'info. |  | 3,00% | 2,92% |  |  |
| ASGN INC | Industrie |  | 2,77% | 2,77% |  |  |
| RELX PLC | Industrie |  | 2,67% | 2,58% |  |  |
| IHS MARKIT LTD | Industrie |  | 2,63% | 2,55% |  |  |
| WOLTERS KLUWER | Industrie |  | 2,62% | 2,58% |  |  |
| UNITE GROUP | Immobilier |  | 2,48% | 2,48% |  |  |
| AMERICAN CAMPUS CMT | Immobilier |  | 2,38% | 2,38% |  |  |
| COMPASS GROUP PLC - NEW | Conso cyclique |  | 2,21% | 2,15% |  |  |
| Hors OPC |  |  |  |  |  |  |

Portefeuille Indice
Portefeuille Indice