# from 1 January 2020 to the 31 December 2020
|  |  |  |
| --- | --- | --- |
|  | Notes | Combined (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 20,155,869.61 |
| Interest on bonds, net of taxes | 1h | 141.20 |
| Interest on cash accounts |  | 15,378.64 |
| Commission on subscriptions and redemptions | 6 | 1,508,411.32 |
| Tax claim |  | 344,610.60 |
| Total Income |  | 22,024,411.37 |
| Expenses |  |  |
| Management Fee | 4 | 2,312,998.83 |
| Depositary fees | 8 | 120,311.20 |
| Subscription tax | 5 | 246,390.10 |
| Administration fees | 7 | 1,993,442.99 |
| Miscellaneous fees |  | 286,007.48 |
| Transaction fees | 9 | 1,993,153.44 |
| Overdraft interest |  | 31,776.27 |
| Taxes paid to foreign authorities |  | 44,082.54 |
| Total Expenses |  | 7,028,162.85 |
| Net Profit / (Loss) |  | 14,996,248.52 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | 4,874,287.42 |
| - on currencies |  | -760,778.28 |
| - on forward exchange contracts |  | 3,333.09 |
| - on futures | 1i | 934,576.50 |
| Total Net Realised Profit / (Loss) |  | 20,047,667.25 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | 51,844,134.26 |
| - on futures | 1i | -72,877.51 |
| Result of operations |  | 71,818,924.00 |
| - Subscriptions |  | 522,580,216.35 |
| - Redemptions |  | -565,324,019.47 |
| Dividends paid | 12 | -911,269.14 |
| Net changes in Net Assets |  | 28,163,851.74 |
| Net assets at the beginning of the year |  | 1,250,407,217.00 |
| Net assets at the end of the year |  | 1,278,571,068.74 |

|  |
| --- |
| Europe Behavioral Value |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 40,166,005.93 |
| Cash at banks |  | 192,546.87 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 36,022.63 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Total Assets |  | 40,394,575.43 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 50,992.74 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 83.22 |
| Amounts payable on redemptions |  | 37,128.00 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Miscellaneous payables |  | 0.00 |
| Total Liabilities |  | 88,203.96 |
| Net assets at the end of the year |  | 40,306,371.47 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - B |  | 305,651.392 |
| - F |  | 2,446.460 |
| - N |  | 29,430.101 |
| - P |  | 2,130.000 |
| - W |  | 548.731 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - B |  | 43.52 |
| - F |  | 47.24 |
| - N |  | 44.17 |
| - P |  | 12,002.26 |
| - W |  | 43.93 |

|  |
| --- |
| EMU Dividend |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 12,501,024.44 |
| Cash at banks |  | 238,986.20 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 3,016.29 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Total Assets |  | 12,743,026.93 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 51,201.62 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 55.77 |
| Amounts payable on redemptions |  | 0.00 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Miscellaneous payables |  | 0.00 |
| Total Liabilities |  | 51,257.39 |
| Net assets at the end of the year |  | 12,691,769.54 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 1,050.000 |
| - B |  | 107,336.829 |
| - N |  | 27,610.609 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 80.78 |
| - B |  | 92.99 |
| - N |  | 95.09 |

|  |
| --- |
| Emerging MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 538,930,263.25 |
| Cash at banks |  | 1,426,871.06 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 2.08 |
| Dividends receivable on shares |  | 951,542.70 |
| Amounts receivable on subscriptions |  | 56,843.34 |
| Amounts receivable on investment sold |  | 154,028.62 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Total Assets |  | 541,519,551.05 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 490,767.00 |
| Overdraft at banks |  | 416,394.58 |
| Overdraft interest |  | 6,702.83 |
| Amounts payable on redemptions |  | 221,080.26 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Miscellaneous payables |  | 913,870.43 |
| Total Liabilities |  | 2,048,815.10 |
| Net assets at the end of the year |  | 539,470,735.95 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 51,766.407 |
| - B |  | 230,770.512 |
| - B USD |  | 16,257.453 |
| - F |  | 1,140,759.799 |
| - J |  | 16,927.000 |
| - M |  | 81,210.672 |
| - N |  | 164,819.665 |
| - P |  | 1,271.000 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 114.17 |
| - B |  | 159.77 |
| - B USD |  | 125.59 |
| - F |  | 161.46 |
| - J |  | 15,113.47 |
| - M |  | 114.67 |
| - N |  | 160.44 |
| - P |  | 15,147.17 |

|  |
| --- |
| World SRI MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 144,004,610.85 |
| Cash at banks |  | 200,457.37 |
| Interest receivable on cash account |  | 15.40 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 126,822.04 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 1,531,725.39 |
| Total Assets |  | 145,863,631.05 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 145,032.95 |
| Overdraft at banks |  | 11,237.89 |
| Overdraft interest |  | 236.03 |
| Amounts payable on redemptions |  | 0.00 |
| Amounts payable on purchases of investments |  | 415,849.30 |
| Amounts payable on spot exchange contracts |  | 1,532,000.00 |
| Miscellaneous payables |  | 7,326.06 |
| Total Liabilities |  | 2,111,682.23 |
| Net assets at the end of the year |  | 143,751,948.82 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 24,954.444 |
| - B |  | 53,985.007 |
| - F |  | 443,138.608 |
| - J |  | 1,613.977 |
| - M |  | 20,960.548 |
| - N |  | 170.000 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 148.46 |
| - B |  | 159.39 |
| - F |  | 161.38 |
| - J |  | 35,173.06 |
| - M |  | 149.54 |
| - N |  | 163.45 |

|  |
| --- |
| US SRI MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 484,965,709.24 |
| Cash at banks |  | 677,324.32 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 265,273.81 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Total Assets |  | 485,908,307.37 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 439,430.78 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 142.38 |
| Amounts payable on redemptions |  | 7.30 |
| Amounts payable on purchases of investments |  | 133,403.96 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Miscellaneous payables |  | 0.00 |
| Total Liabilities |  | 572,984.42 |
| Net assets at the end of the year |  | 485,335,322.95 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 3,015.856 |
| - A USD |  | 4,430.000 |
| - B |  | 107,790.909 |
| - F |  | 1,549,786.285 |
| - F USD |  | 437,344.706 |
| - J |  | 3,075.710 |
| - M |  | 29,579.948 |
| - N |  | 28,352.146 |
| - P |  | 80.000 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 173.31 |
| - A USD |  | 193.66 |
| - B |  | 184.90 |
| - F |  | 187.16 |
| - F USD |  | 123.11 |
| - J |  | 38,132.50 |
| - M |  | 174.53 |
| - N |  | 186.24 |
| - P |  | 29,857.31 |

|  |
| --- |
| EMU SRI MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 57,014,437.93 |
| Cash at banks |  | 59,847.97 |
| Interest receivable on cash account |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Amounts receivable on spot exchange contracts |  | 0.00 |
| Total Assets |  | 57,074,285.90 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 59,341.47 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 24.42 |
| Amounts payable on redemptions |  | 0.00 |
| Amounts payable on purchases of investments |  | 0.00 |
| Amounts payable on spot exchange contracts |  | 0.00 |
| Miscellaneous payables |  | 0.00 |
| Total Liabilities |  | 59,365.89 |
| Net assets at the end of the year |  | 57,014,920.01 |
| Number of Shares Outstanding (at the end of the exercice) |  |  |
| - A |  | 9,335.000 |
| - B |  | 45,710.871 |
| - E |  | 3,000.000 |
| - F |  | 312,610.944 |
| - J |  | 213.000 |
| - M |  | 6,785.347 |
| - N |  | 29,359.571 |
| Net Asset Value per Share (at the end of the exercice) |  |  |
| - A |  | 125.61 |
| - B |  | 140.66 |
| - E |  | 105.97 |
| - F |  | 121.51 |
| - J |  | 28,589.74 |
| - M |  | 126.57 |
| - N |  | 141.69 |

|  |
| --- |
| Europe Behavioral Value |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 1,141,224.10 |
| Interest on bonds, net of taxes | 1h | 0.00 |
| Interest on cash accounts |  | 172.19 |
| Commission on subscriptions and redemptions | 6 | 0.00 |
| Tax claim |  | 24,968.50 |
| Total Income |  | 1,166,364.79 |
| Expenses |  |  |
| Management Fee | 4 | 185,770.77 |
| Depositary fees | 8 | 5,519.04 |
| Subscription tax | 5 | 27,089.15 |
| Administration fees | 7 | 92,971.70 |
| Miscellaneous fees |  | 25,657.81 |
| Transaction fees | 9 | 493,637.51 |
| Overdraft interest |  | 2,261.35 |
| Taxes paid to foreign authorities |  | 6,943.03 |
| Total Expenses |  | 839,850.36 |
| Net Profit / (Loss) |  | 326,514.43 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | -11,008,563.44 |
| - on currencies |  | -113,970.14 |
| - on forward exchange contracts |  | 0.00 |
| - on futures | 1i | -11,580.00 |
| Total Net Realised Profit / (Loss) |  | -10,807,599.15 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | -2,295,729.22 |
| - on futures | 1i | 0.00 |
| Result of operations |  | -13,103,328.37 |
| - Subscriptions |  | 1,454,433.54 |
| - Redemptions |  | -67,764,589.88 |
| Dividends paid | 12 | 0.00 |
| Net changes in Net Assets |  | -79,413,484.71 |
| Net assets at the beginning of the year |  | 119,719,856.18 |
| Net assets at the end of the year |  | 40,306,371.47 |

|  |
| --- |
| EMU Dividend |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 1,793,031.36 |
| Interest on bonds, net of taxes | 1h | 0.00 |
| Interest on cash accounts |  | 0.00 |
| Commission on subscriptions and redemptions | 6 | 0.00 |
| Tax claim |  | 239,253.17 |
| Total Income |  | 2,032,284.53 |
| Expenses |  |  |
| Management Fee | 4 | 211,292.68 |
| Depositary fees | 8 | 4,619.66 |
| Subscription tax | 5 | 20,122.99 |
| Administration fees | 7 | 81,948.32 |
| Miscellaneous fees |  | 21,844.91 |
| Transaction fees | 9 | 153,859.32 |
| Overdraft interest |  | 2,759.51 |
| Taxes paid to foreign authorities |  | 6,473.95 |
| Total Expenses |  | 502,921.34 |
| Net Profit / (Loss) |  | 1,529,363.19 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | -19,884,032.70 |
| - on currencies |  | -27.87 |
| - on forward exchange contracts |  | 0.00 |
| - on futures | 1i | 0.00 |
| Total Net Realised Profit / (Loss) |  | -18,354,697.38 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | -2,079,123.51 |
| - on futures | 1i | 0.00 |
| Result of operations |  | -20,433,820.89 |
| - Subscriptions |  | 83,374.56 |
| - Redemptions |  | -54,529,841.91 |
| Dividends paid | 12 | -1,957.50 |
| Net changes in Net Assets |  | -74,882,245.74 |
| Net assets at the beginning of the year |  | 87,574,015.28 |
| Net assets at the end of the year |  | 12,691,769.54 |

|  |
| --- |
| Emerging MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 9,867,050.43 |
| Interest on bonds, net of taxes | 1h | 141.20 |
| Interest on cash accounts |  | 13,493.72 |
| Commission on subscriptions and redemptions | 6 | 768,661.88 |
| Tax claim |  | 19,881.12 |
| Total Income |  | 10,669,228.35 |
| Expenses |  |  |
| Management Fee | 4 | 667,281.04 |
| Depositary fees | 8 | 55,080.28 |
| Subscription tax | 5 | 105,521.44 |
| Administration fees | 7 | 1,064,178.77 |
| Miscellaneous fees |  | 131,147.40 |
| Transaction fees | 9 | 560,566.65 |
| Overdraft interest |  | 19,951.60 |
| Taxes paid to foreign authorities |  | 6,759.63 |
| Total Expenses |  | 2,610,486.81 |
| Net Profit / (Loss) |  | 8,058,741.54 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | 11,559,160.48 |
| - on currencies |  | -836,905.83 |
| - on forward exchange contracts |  | 0.00 |
| - on futures | 1i | 946,156.50 |
| Total Net Realised Profit / (Loss) |  | 19,727,152.69 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | 12,814,200.11 |
| - on futures | 1i | -72,877.51 |
| Result of operations |  | 32,468,475.29 |
| - Subscriptions |  | 102,174,436.78 |
| - Redemptions |  | -210,071,123.54 |
| Dividends paid | 12 | -525,054.58 |
| Net changes in Net Assets |  | -75,953,266.05 |
| Net assets at the beginning of the year |  | 615,424,002.00 |
| Net assets at the end of the year |  | 539,470,735.95 |

|  |
| --- |
| World SRI MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 2,340,096.04 |
| Interest on bonds, net of taxes | 1h | 0.00 |
| Interest on cash accounts |  | 1,500.56 |
| Commission on subscriptions and redemptions | 6 | 198,851.96 |
| Tax claim |  | 8,946.14 |
| Total Income |  | 2,549,394.70 |
| Expenses |  |  |
| Management Fee | 4 | 343,743.34 |
| Depositary fees | 8 | 15,337.03 |
| Subscription tax | 5 | 28,219.18 |
| Administration fees | 7 | 215,953.04 |
| Miscellaneous fees |  | 31,903.07 |
| Transaction fees | 9 | 226,873.59 |
| Overdraft interest |  | 4,418.71 |
| Taxes paid to foreign authorities |  | 9,692.50 |
| Total Expenses |  | 876,140.46 |
| Net Profit / (Loss) |  | 1,673,254.24 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | 9,646,577.53 |
| - on currencies |  | -2,904.68 |
| - on forward exchange contracts |  | 0.00 |
| - on futures | 1i | 0.00 |
| Total Net Realised Profit / (Loss) |  | 11,316,927.09 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | 2,811,539.53 |
| - on futures | 1i | 0.00 |
| Result of operations |  | 14,128,466.62 |
| - Subscriptions |  | 55,203,523.60 |
| - Redemptions |  | -76,847,204.18 |
| Dividends paid | 12 | -143,614.76 |
| Net changes in Net Assets |  | -7,658,828.72 |
| Net assets at the beginning of the year |  | 151,410,777.54 |
| Net assets at the end of the year |  | 143,751,948.82 |

|  |
| --- |
| US SRI MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 3,780,123.46 |
| Interest on bonds, net of taxes | 1h | 0.00 |
| Interest on cash accounts |  | 200.07 |
| Commission on subscriptions and redemptions | 6 | 449,179.63 |
| Tax claim |  | 0.00 |
| Total Income |  | 4,229,503.16 |
| Expenses |  |  |
| Management Fee | 4 | 775,329.02 |
| Depositary fees | 8 | 34,496.86 |
| Subscription tax | 5 | 51,119.98 |
| Administration fees | 7 | 439,577.29 |
| Miscellaneous fees |  | 61,926.20 |
| Transaction fees | 9 | 386,857.41 |
| Overdraft interest |  | 2,149.17 |
| Taxes paid to foreign authorities |  | 7,338.47 |
| Total Expenses |  | 1,758,794.40 |
| Net Profit / (Loss) |  | 2,470,708.76 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | 16,655,274.52 |
| - on currencies |  | 193,464.67 |
| - on forward exchange contracts |  | 3,333.09 |
| - on futures | 1i | 0.00 |
| Total Net Realised Profit / (Loss) |  | 19,322,781.04 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | 41,864,598.76 |
| - on futures | 1i | 0.00 |
| Result of operations |  | 61,187,379.80 |
| - Subscriptions |  | 321,886,724.18 |
| - Redemptions |  | -126,677,543.22 |
| Dividends paid | 12 | -113,017.71 |
| Net changes in Net Assets |  | 256,283,543.05 |
| Net assets at the beginning of the year |  | 229,051,779.90 |
| Net assets at the end of the year |  | 485,335,322.95 |

|  |
| --- |
| EMU SRI MSCI Index |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1h | 1,234,344.22 |
| Interest on bonds, net of taxes | 1h | 0.00 |
| Interest on cash accounts |  | 12.10 |
| Commission on subscriptions and redemptions | 6 | 91,717.85 |
| Tax claim |  | 51,561.67 |
| Total Income |  | 1,377,635.84 |
| Expenses |  |  |
| Management Fee | 4 | 129,581.98 |
| Depositary fees | 8 | 5,258.33 |
| Subscription tax | 5 | 14,317.36 |
| Administration fees | 7 | 98,813.87 |
| Miscellaneous fees |  | 13,528.09 |
| Transaction fees | 9 | 171,358.96 |
| Overdraft interest |  | 235.93 |
| Taxes paid to foreign authorities |  | 6,874.96 |
| Total Expenses |  | 439,969.48 |
| Net Profit / (Loss) |  | 937,666.36 |
| Net Realised Profit / (Loss) |  |  |
| - on investments |  | -2,094,128.97 |
| - on currencies |  | -434.43 |
| - on forward exchange contracts |  | 0.00 |
| - on futures | 1i | 0.00 |
| Total Net Realised Profit / (Loss) |  | -1,156,897.04 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1f | -1,271,351.41 |
| - on futures | 1i | 0.00 |
| Result of operations |  | -2,428,248.45 |
| - Subscriptions |  | 41,777,723.69 |
| - Redemptions |  | -29,433,716.74 |
| Dividends paid | 12 | -127,624.59 |
| Net changes in Net Assets |  | 9,788,133.91 |
| Net assets at the beginning of the year |  | 47,226,786.10 |
| Net assets at the end of the year |  | 57,014,920.01 |

|  |
| --- |
| Europe Behavioral Value |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| AMS A.G. | 12,500 | CHF | 193,445.55 | 223,752.95 | 0.56% |
| LAFARGE-HOLCIM LTD | 6,000 | CHF | 264,401.91 | 269,724.01 | 0.67% |
| THE SWATCH GROUP A.G. | 1,800 | CHF | 382,241.06 | 401,923.17 | 1.00% |
| UBS GROUP A.G. | 45,000 | CHF | 465,444.48 | 518,838.70 | 1.29% |
| VIFOR PHARMACEUTICAL A.G. | 2,300 | CHF | 316,528.56 | 295,594.29 | 0.73% |
| Total SWISS FRANC |  |  | 1,622,061.56 | 1,709,833.12 | 4.24% |
| AP MOELLER-MAERSK -B- | 200 | DKK | 262,659.86 | 365,287.60 | 0.91% |
| H. LUNDBECK A-S | 14,000 | DKK | 379,486.92 | 392,721.12 | 0.97% |
| Total DANISH KRONE |  |  | 642,146.78 | 758,008.72 | 1.88% |
| A2A SpA | 160,000 | EUR | 204,519.48 | 208,720.00 | 0.52% |
| AGEAS N.V. | 10,000 | EUR | 376,914.80 | 435,800.00 | 1.08% |
| ALTEN S.A. | 1,000 | EUR | 72,909.72 | 92,650.00 | 0.23% |
| AMUNDI S.A. | 5,000 | EUR | 323,510.29 | 334,000.00 | 0.83% |
| ANHEUSER-BUSCH INBEV | 10,000 | EUR | 484,926.96 | 570,100.00 | 1.41% |
| ARCELORMITTAL S.A. | 20,000 | EUR | 235,509.50 | 377,600.00 | 0.94% |
| ARKEMA | 2,500 | EUR | 213,895.42 | 233,750.00 | 0.58% |
| AROUNDTOWN S.A. | 35,000 | EUR | 214,176.80 | 214,200.00 | 0.53% |
| ASSICURAZIONI GENERALI | 24,000 | EUR | 344,988.85 | 342,240.00 | 0.85% |
| ATOS SE | 3,500 | EUR | 239,913.50 | 261,730.00 | 0.65% |
| AXA | 26,000 | EUR | 469,908.68 | 507,312.00 | 1.26% |
| BANCO SANTANDER S.A. -REG- | 150,000 | EUR | 364,308.60 | 380,700.00 | 0.94% |
| BMW-BAYERISCHE MOTOREN WERKE A.G. | 8,000 | EUR | 494,352.61 | 577,840.00 | 1.43% |
| BNP PARIBAS S.A. | 15,000 | EUR | 575,773.04 | 646,575.00 | 1.60% |
| BOUYGUES | 12,000 | EUR | 359,916.00 | 403,800.00 | 1.00% |
| BRENNTAG SE | 4,000 | EUR | 193,726.64 | 253,360.00 | 0.63% |
| CAPGEMINI SE | 2,500 | EUR | 241,964.04 | 317,000.00 | 0.79% |
| CARREFOUR S.A. | 13,000 | EUR | 200,462.32 | 182,390.00 | 0.45% |
| CNP ASSURANCES | 16,000 | EUR | 173,078.43 | 210,880.00 | 0.52% |
| COMPAGNIE DE SAINT-GOBAIN | 12,000 | EUR | 456,433.76 | 450,000.00 | 1.12% |
| COVESTRO A.G. | 6,000 | EUR | 271,603.72 | 302,880.00 | 0.75% |
| DANONE | 11,000 | EUR | 694,064.06 | 591,360.00 | 1.47% |
| DEUTSCHE POST A.G. -REG- | 11,000 | EUR | 346,028.68 | 445,500.00 | 1.11% |
| DIALOG SEMICONDUCTOR PLC | 5,000 | EUR | 190,190.96 | 223,450.00 | 0.55% |
| EDF | 10,000 | EUR | 128,844.59 | 128,950.00 | 0.32% |
| EIFFAGE S.A. | 4,000 | EUR | 316,812.91 | 316,160.00 | 0.78% |
| ELIA GROUP | 2,500 | EUR | 211,957.45 | 243,750.00 | 0.60% |
| ELIS S.A. | 10,000 | EUR | 107,804.00 | 136,300.00 | 0.34% |
| ENGIE S.A. | 35,000 | EUR | 472,579.93 | 438,200.00 | 1.09% |
| ESSILOR LUXOTTICA S.A. | 4,000 | EUR | 404,266.75 | 510,200.00 | 1.27% |
| EVONIK INDUSTRIES A.G. | 12,000 | EUR | 288,958.73 | 320,160.00 | 0.79% |
| FRESENIUS MEDICAL CARE A.G. | 5,000 | EUR | 341,757.55 | 341,000.00 | 0.85% |
| FRESENIUS SE & CO KGAA | 7,000 | EUR | 267,967.62 | 264,880.00 | 0.66% |
| GERRESHEIMER A.G. | 3,000 | EUR | 289,519.09 | 263,250.00 | 0.65% |

Europe Behavioral Value
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| GRIFOLS S.A. | 15,000 | EUR | 396,529.73 | 358,200.00 | 0.89% |
| --- | --- | --- | --- | --- | --- |
| GROUPE BRUX LAMBERT | 4,000 | EUR | 341,837.13 | 330,080.00 | 0.82% |
| HEIDELBERGCEMENT A.G. | 6,000 | EUR | 297,555.41 | 367,320.00 | 0.91% |
| HENKEL | 7,000 | EUR | 690,414.44 | 646,100.00 | 1.60% |
| HERA SpA | 50,000 | EUR | 161,522.62 | 149,000.00 | 0.37% |
| INTESA SAN PAOLO SpA | 200,000 | EUR | 355,094.05 | 382,520.00 | 0.95% |
| IPSEN | 4,000 | EUR | 304,270.20 | 271,600.00 | 0.67% |
| JUST EAT TAKEAWAY COM N.V. | 2,500 | EUR | 217,886.38 | 231,000.00 | 0.57% |
| KONINKLIJKE AHOLD DELHAIZE N.V. | 11,000 | EUR | 253,252.95 | 254,210.00 | 0.63% |
| KONINKLIJKE PHILIPS N.V. | 8,000 | EUR | 323,093.94 | 350,240.00 | 0.87% |
| LEG IMMOBILIEN SE | 1,000 | EUR | 116,423.22 | 127,060.00 | 0.32% |
| MEDIOBANCA | 40,000 | EUR | 256,245.42 | 301,600.00 | 0.75% |
| MERCK KGAA | 3,000 | EUR | 306,548.59 | 421,050.00 | 1.04% |
| MERLIN PROPERTIES SOCIMI S.A | 10,000 | EUR | 131,800.00 | 77,800.00 | 0.19% |
| NN GROUP N.V. | 10,873 | EUR | 312,060.47 | 386,317.69 | 0.96% |
| OMV | 10,000 | EUR | 310,836.56 | 330,000.00 | 0.82% |
| ORANGE | 30,000 | EUR | 345,811.41 | 292,020.00 | 0.72% |
| ORPEA | 1,000 | EUR | 93,784.07 | 107,550.00 | 0.27% |
| PERNOD RICARD S.A. | 3,000 | EUR | 429,175.15 | 470,400.00 | 1.17% |
| PEUGEOT | 24,000 | EUR | 359,934.76 | 536,880.00 | 1.33% |
| PHILIPS LIGHTING N.V. | 7,000 | EUR | 193,919.14 | 241,710.00 | 0.60% |
| PROSUS N.V. | 4,000 | EUR | 311,938.61 | 353,440.00 | 0.88% |
| PROXIMUS S.A. | 12,000 | EUR | 205,257.20 | 194,520.00 | 0.48% |
| PUBLICIS GROUPE S.A. | 4,000 | EUR | 120,864.95 | 163,040.00 | 0.40% |
| QIAGEN N.V. -REG- | 8,000 | EUR | 343,478.96 | 339,600.00 | 0.84% |
| RAIFFEISEN BANK INTERNATIONAL A.G. | 22,000 | EUR | 434,934.19 | 366,960.00 | 0.91% |
| REXEL S.A. | 20,000 | EUR | 249,948.07 | 257,900.00 | 0.64% |
| RUBIS SCA | 8,000 | EUR | 299,696.34 | 303,840.00 | 0.75% |
| RWE A.G. -A- | 10,000 | EUR | 318,857.59 | 345,700.00 | 0.86% |
| SANOFI S.A. | 12,000 | EUR | 984,137.37 | 944,400.00 | 2.34% |
| SAP A.G. | 4,000 | EUR | 467,181.84 | 428,880.00 | 1.06% |
| SIEMENS ENERGY A.G. | 17,000 | EUR | 344,192.49 | 510,000.00 | 1.27% |
| SIEMENS -NOM- | 7,000 | EUR | 591,087.68 | 822,640.00 | 2.04% |
| SODEXO | 4,000 | EUR | 301,007.93 | 276,880.00 | 0.69% |
| SOLVAY & CIE | 4,000 | EUR | 343,461.94 | 387,520.00 | 0.96% |
| SPIE S.A. | 10,000 | EUR | 142,054.85 | 178,100.00 | 0.44% |
| STMICROELECTRONICS | 10,000 | EUR | 239,777.19 | 305,500.00 | 0.76% |
| TELEPERFORMANCE | 800 | EUR | 179,051.68 | 217,040.00 | 0.54% |
| TOTAL SE | 30,000 | EUR | 1,099,377.85 | 1,059,000.00 | 2.63% |
| UCB | 4,000 | EUR | 297,922.96 | 337,920.00 | 0.84% |
| VEOLIA ENVIRONNEMENT | 15,000 | EUR | 241,179.13 | 300,150.00 | 0.74% |
| VIVENDI | 8,000 | EUR | 202,101.23 | 211,040.00 | 0.52% |
| VOESTALPINE A.G. | 7,000 | EUR | 142,143.19 | 205,100.00 | 0.51% |
| WIENERBERGER A.G. | 8,000 | EUR | 173,454.08 | 208,640.00 | 0.52% |
| WOLTERS KLUWER N.V. | 3,000 | EUR | 204,748.99 | 207,180.00 | 0.51% |
| WORLDLINE S.A. | 4,000 | EUR | 305,469.10 | 316,400.00 | 0.78% |
| Total EURO |  |  | 25,314,866.53 | 27,400,734.69 | 67.98% |
| ANGLO AMERICAN PLC | 18,000 | GBP | 369,719.16 | 487,554.46 | 1.21% |
| ASSOCIATED BRITISH FOODS PLC | 10,000 | GBP | 239,354.11 | 252,932.63 | 0.63% |

Europe Behavioral Value
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| AVIVA PLC | 100,000 | GBP | 450,876.16 | 363,311.36 | 0.90% |
| --- | --- | --- | --- | --- | --- |
| B&M EUROPEAN VALUE RETAIL SA. REG. | 25,000 | GBP | 136,727.01 | 144,173.84 | 0.36% |
| BAE SYSTEMS PLC | 50,000 | GBP | 286,096.15 | 273,042.12 | 0.68% |
| BARCLAYS PLC (NEW) | 250,000 | GBP | 326,491.32 | 409,674.90 | 1.02% |
| BARRATT DEVELOPMENT | 70,000 | GBP | 446,831.78 | 523,963.80 | 1.30% |
| BRITISH LAND CO PLC | 25,000 | GBP | 101,591.56 | 136,576.92 | 0.34% |
| ENTAIN PLC | 20,000 | GBP | 203,052.00 | 253,267.79 | 0.63% |
| GLAXOSMITHKLINE PLC | 30,000 | GBP | 515,960.74 | 449,782.15 | 1.12% |
| INFORMA PLC | 35,000 | GBP | 303,520.68 | 214,668.75 | 0.53% |
| J.SAINSBURY PLC | 50,000 | GBP | 146,809.67 | 125,963.58 | 0.31% |
| JOHNSON MATTHEY PLC | 8,000 | GBP | 203,511.26 | 216,735.56 | 0.54% |
| KINGFISHER PLC | 50,000 | GBP | 125,886.73 | 151,044.58 | 0.37% |
| M&G PLC | 100,000 | GBP | 188,298.19 | 221,148.48 | 0.55% |
| MEGGITT PLC | 40,000 | GBP | 178,055.87 | 208,468.33 | 0.52% |
| MELROSE INDUSTRIES PLC | 120,000 | GBP | 222,831.30 | 238,699.59 | 0.59% |
| RECKITT BENCKISER GROUP PLC | 6,000 | GBP | 453,042.41 | 438,520.84 | 1.09% |
| STANDARD CHARTERED PLC | 80,000 | GBP | 379,391.39 | 416,400.40 | 1.03% |
| TATE & LYLE PLC | 45,000 | GBP | 332,998.03 | 339,045.92 | 0.84% |
| VODAFONE GROUP PLC | 300,000 | GBP | 586,716.57 | 405,340.19 | 1.01% |
| Total BRITISH POUND |  |  | 6,197,762.09 | 6,270,316.19 | 15.56% |
| EQUINOR ASA | 40,000 | NOK | 510,739.03 | 553,455.52 | 1.37% |
| ORKLA ASA | 50,000 | NOK | 401,948.85 | 415,234.82 | 1.03% |
| Total NORWEGIAN KRONE |  |  | 912,687.88 | 968,690.34 | 2.40% |
| BOLIDEN AB | 12,000 | SEK | 286,054.96 | 347,992.24 | 0.86% |
| ELECTROLUX -B- | 12,000 | SEK | 226,505.96 | 228,511.72 | 0.57% |
| ESSITY -B- | 15,000 | SEK | 401,681.06 | 394,835.05 | 0.98% |
| HUSQVARNA AB -B- | 40,000 | SEK | 240,877.08 | 423,943.87 | 1.05% |
| SKANSKA -B-FRIA | 8,000 | SEK | 132,270.85 | 166,950.29 | 0.41% |
| SWEDISH ORPHAN BIOVITRUM AB | 24,000 | SEK | 392,493.96 | 396,715.93 | 0.98% |
| TELEFONAB ERICSSON -B- FRIA | 30,000 | SEK | 273,346.87 | 291,506.19 | 0.72% |
| VOLVO AB-B | 25,000 | SEK | 398,930.72 | 482,161.52 | 1.20% |
| Total SWEDISH KRONA |  |  | 2,352,161.46 | 2,732,616.81 | 6.78% |
| COCA-COLA EUROPEAN PARTNERS PLC | 8,000 | USD | 297,772.47 | 325,806.06 | 0.81% |
| Total U.S. DOLLAR |  |  | 297,772.47 | 325,806.06 | 0.81% |
| Total Shares & Related Securities |  |  | 37,339,458.77 | 40,166,005.93 | 99.65% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 37,339,458.77 | 40,166,005.93 | 99.65% |
| Total Portfolio |  |  | 37,339,458.77 | 40,166,005.93 | 99.65% |

|  |
| --- |
| EMU Dividend |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| AENA S.A. | 1,073 | EUR | 172,429.77 | 152,580.60 | 1.20% |
| ALD S.A. | 21,976 | EUR | 318,618.17 | 252,724.00 | 1.99% |
| ALTAREA | 1,117 | EUR | 230,906.74 | 160,177.80 | 1.26% |
| ARKEMA | 4,903 | EUR | 367,149.06 | 458,430.50 | 3.61% |
| AROUNDTOWN S.A. | 29,820 | EUR | 225,020.85 | 182,498.40 | 1.44% |
| ASTM SpA | 23,058 | EUR | 526,316.78 | 474,994.80 | 3.74% |
| BANCA GENERALI SpA | 6,097 | EUR | 120,349.51 | 166,082.28 | 1.31% |
| BE SEMICONDUCTOR INDUSTRIES | 1,336 | EUR | 50,040.88 | 66,238.88 | 0.52% |
| COFINIMMO -SICAFI- | 994 | EUR | 122,096.19 | 121,069.20 | 0.95% |
| DANONE | 6,582 | EUR | 362,819.60 | 353,848.32 | 2.79% |
| DOVALUE SpA | 33,073 | EUR | 337,909.91 | 319,154.45 | 2.51% |
| EDP ENERGIAS -REG- | 128,925 | EUR | 447,439.01 | 664,737.30 | 5.24% |
| ENAV SpA | 60,325 | EUR | 245,001.16 | 217,049.35 | 1.71% |
| ENEL AZ | 85,544 | EUR | 406,333.34 | 707,962.14 | 5.58% |
| GAZTRANSPORT ET TECHNIGAZ S.A. | 1,594 | EUR | 134,299.73 | 126,244.80 | 0.99% |
| IBERDROLA S.A. | 20,531 | EUR | 189,976.84 | 240,212.70 | 1.89% |
| IPSEN | 3,000 | EUR | 237,816.14 | 203,700.00 | 1.60% |
| KBC GROUP S.A. | 4,992 | EUR | 308,507.76 | 285,941.76 | 2.25% |
| KONECRANES PLC | 9,482 | EUR | 236,202.86 | 272,891.96 | 2.15% |
| KONINKLIJKE KPN | 193,984 | EUR | 503,052.73 | 482,438.21 | 3.80% |
| MEDIOBANCA | 67,704 | EUR | 649,979.80 | 510,488.16 | 4.02% |
| NN GROUP N.V. | 18,379 | EUR | 603,536.06 | 653,005.87 | 5.15% |
| NOS SGPS | 82,113 | EUR | 411,893.68 | 234,678.95 | 1.85% |
| OMV | 9,200 | EUR | 404,242.61 | 303,600.00 | 2.39% |
| PEUGEOT | 14,960 | EUR | 198,743.02 | 334,655.20 | 2.64% |
| PROSEGUR CASH S.A. | 241,646 | EUR | 292,708.29 | 193,316.80 | 1.52% |
| SACYR VALLEHERMOSO S.A. | 254,236 | EUR | 623,442.15 | 513,556.72 | 4.05% |
| SAMPO OYJ | 15,983 | EUR | 619,744.13 | 552,532.31 | 4.35% |
| SANOFI S.A. | 8,405 | EUR | 544,799.51 | 661,473.50 | 5.21% |
| SODEXO | 4,868 | EUR | 309,177.43 | 336,962.96 | 2.65% |
| TERNA SpA | 54,976 | EUR | 299,795.97 | 343,600.00 | 2.71% |
| THE NAVIGATOR CO S.A. | 237,560 | EUR | 1,022,371.82 | 593,424.88 | 4.68% |
| TIETO EVRY | 27,502 | EUR | 692,773.23 | 738,703.72 | 5.82% |
| VALMET CORP. | 11,326 | EUR | 211,440.41 | 264,575.36 | 2.08% |
| VAN LANSCHOT KEMPEN N.V. | 10,936 | EUR | 273,213.37 | 229,656.00 | 1.81% |
| VINCI S.A. | 1,571 | EUR | 139,701.73 | 127,816.56 | 1.01% |
| Total EURO |  |  | 12,839,850.24 | 12,501,024.44 | 98.50% |
| Total Shares & Related Securities |  |  | 12,839,850.24 | 12,501,024.44 | 98.50% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 12,839,850.24 | 12,501,024.44 | 98.50% |

EMU Dividend
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| Other Transferable Securities | 32,000 | CHF |  |  |  |
| --- | --- | --- | --- | --- | --- |
| EQUADIS S.A. | 0.00 | 0.00 | 0.00% |
| Total SWISS FRANC | 0.00 | 0.00 | 0.00% |
| Total Other Transferable Securities | 0.00 | 0.00 | 0.00% |
| Total Portfolio | 12,839,850.24 | 12,501,024.44 | 98.50% |

|  |
| --- |
| Emerging MSCI Index |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| ABU DHABI COMMERCIAL BANK | 300,000 | AED | 548,350.82 | 413,857.55 | 0.08% |
| ALDAR PROPERTIES P.J.S.C. | 400,000 | AED | 247,074.46 | 280,355.12 | 0.05% |
| DUBAI ISLAMIC BANK P.J.S.C. | 180,902 | AED | 199,407.09 | 185,559.09 | 0.03% |
| EMAAR PROPERTIES | 400,325 | AED | 824,457.14 | 314,431.00 | 0.06% |
| EMIRATES NBD BANK P.J.S.C. | 200,000 | AED | 457,519.34 | 458,358.37 | 0.08% |
| EMIRATES TELECOMMUNICATIONS CORP. | 148,000 | AED | 590,890.96 | 556,527.16 | 0.10% |
| NATIONAL BANK OF ABU DHABI | 220,827 | AED | 681,236.15 | 633,840.26 | 0.12% |
| Total ARAB EMIRATES DIRHAM |  |  | 3,548,935.96 | 2,842,928.55 | 0.53% |
| AMBEV S.A. | 400,000 | BRL | 2,060,815.94 | 984,996.89 | 0.18% |
| ATACADAO S.A. | 23,000 | BRL | 94,620.44 | 70,172.37 | 0.01% |
| B2W COMPANHIA GLOBAL DO VAREJO | 20,000 | BRL | 179,109.92 | 237,941.26 | 0.04% |
| B3 S.A. - BRASIL BOLSA BALCAO | 175,013 | BRL | 877,483.33 | 1,706,799.11 | 0.32% |
| BANCO BRADESCO S.A. | 117,887 | BRL | 658,178.14 | 448,891.94 | 0.08% |
| BANCO BRADESCO S.A. | 373,060 | BRL | 1,778,703.47 | 1,593,122.08 | 0.30% |
| BANCO BTG PACTUAL S.A. | 18,700 | BRL | 181,578.02 | 276,585.87 | 0.05% |
| BANCO DO BRASIL S.A. | 75,000 | BRL | 564,496.61 | 457,881.94 | 0.08% |
| BANCO SANTANDER (BRASIL) S.A. UNITS | 32,200 | BRL | 205,516.51 | 227,135.56 | 0.04% |
| BB SEGURIDADE PARTICIPACOES S.A. | 45,000 | BRL | 394,426.55 | 209,799.62 | 0.04% |
| BRADESPAR S.A. | 15,000 | BRL | 136,901.30 | 150,369.37 | 0.03% |
| BRF BRASIL FOODS S.A. | 48,300 | BRL | 835,382.42 | 167,501.71 | 0.03% |
| CENTRAIS ELETRICAS BRASILEIRAS | 26,000 | BRL | 207,396.09 | 151,368.53 | 0.03% |
| CIA ENERGETICA DE MINAS GERAIS CMIG | 60,445 | BRL | 260,584.16 | 138,479.08 | 0.03% |
| CIA SIDERURGICA NACIONAL | 59,500 | BRL | 135,412.84 | 298,185.78 | 0.06% |
| COMPANHIA BRASILEIRA DE DISTRIBUICA | 16,000 | BRL | 362,692.98 | 188,943.17 | 0.04% |
| COMPANHIA DE CONCESSOES RODOVIARIAS | 123,500 | BRL | 655,262.63 | 261,755.06 | 0.05% |
| COMPANHIA DE SANEAMENTO BASICO | 27,400 | BRL | 219,059.43 | 191,595.43 | 0.04% |
| COMPANHIA PARANAENSE DE ENERGIA | 10,000 | BRL | 107,194.57 | 117,916.40 | 0.02% |
| COSAN S.A. | 11,000 | BRL | 114,850.49 | 131,075.39 | 0.02% |
| CPFL ENERGIA S.A. | 20,000 | BRL | 109,226.69 | 102,433.38 | 0.02% |
| ELECTROBRAS | 25,000 | BRL | 212,543.44 | 144,248.55 | 0.03% |
| ENERGISA S.A. | 19,000 | BRL | 184,068.58 | 156,535.83 | 0.03% |
| ENGIE BRASIL ENERGIA S.A. | 20,375 | BRL | 205,339.50 | 140,869.90 | 0.03% |
| EQUATORIAL ENERGIA S.A. | 60,000 | BRL | 165,348.70 | 218,650.43 | 0.04% |
| GERDAU S.A. | 107,700 | BRL | 441,664.75 | 414,338.31 | 0.08% |
| HAPVIDA PARTICIPACOES -E- INVESTIMEMT | 84,600 | BRL | 220,769.75 | 203,135.31 | 0.04% |
| HYPERA S.A. | 31,000 | BRL | 195,755.96 | 167,063.97 | 0.03% |
| ITAUSA INVESTIMENTOS I S.A. | 355,507 | BRL | 773,611.25 | 656,155.38 | 0.12% |
| ITAU UNIBANCO HLDG SA. | 410,010 | BRL | 2,289,568.58 | 2,040,582.55 | 0.38% |
| JBS S.A. | 114,100 | BRL | 313,374.89 | 424,776.92 | 0.08% |
| KLABIN S.A. CTF DE DEPOSITO DE ACOES | 68,300 | BRL | 264,913.38 | 284,469.15 | 0.05% |
| LOCALIZA RENT -A- CAR S.A. | 48,573 | BRL | 221,758.56 | 526,974.65 | 0.10% |
| LOJAS AMERICANAS S.A. PFUND | 92,000 | BRL | 394,204.45 | 380,573.85 | 0.07% |
| LOJAS RENNER S.A. | 72,284 | BRL | 274,734.09 | 495,211.96 | 0.09% |
| MAGAZINE LUIZA S.A. | 266,500 | BRL | 308,401.81 | 1,046,232.70 | 0.19% |
| MULTIPLAN EMPREENDIMENTOS IMOBILIAR | 25,546 | BRL | 154,538.72 | 94,581.32 | 0.02% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| NATURA & CO HLDG S.A. | 72,000 | BRL | 589,741.71 | 594,774.48 | 0.11% |
| --- | --- | --- | --- | --- | --- |
| NOTRE DAME INTERMEDICA PARTICIPACOE | 45,000 | BRL | 478,429.24 | 554,698.01 | 0.10% |
| PETROBRAS DISTRIBUIDORA S.A. 144A | 51,400 | BRL | 256,906.60 | 178,980.23 | 0.03% |
| PETROLEO BRASILEIRO S.A. | 397,000 | BRL | 2,195,494.40 | 1,770,316.35 | 0.33% |
| PETROLEO BRASILEIRO S.A. -PREF-S.A. | 310,000 | BRL | 1,689,384.48 | 1,407,239.57 | 0.26% |
| RAIA DROGASIL S.A. | 75,000 | BRL | 99,562.29 | 295,499.07 | 0.05% |
| RUMO S.A. | 125,000 | BRL | 318,723.78 | 378,421.33 | 0.07% |
| SUL AMERICA S.A. | 23,621 | BRL | 125,490.09 | 164,833.58 | 0.03% |
| SUZANO S.A. | 57,947 | BRL | 206,193.70 | 533,757.76 | 0.10% |
| TELEFONICA BRASIL S.A. | 40,000 | BRL | 625,071.15 | 292,666.81 | 0.05% |
| TIM S.A. | 75,300 | BRL | 288,245.19 | 173,577.38 | 0.03% |
| TOTVS S.A. | 30,000 | BRL | 126,062.30 | 135,570.82 | 0.03% |
| ULTRAPAR PARTICIPACOES S.A. | 60,000 | BRL | 536,684.62 | 224,126.13 | 0.04% |
| VALE S.A. | 307,206 | BRL | 3,307,922.16 | 4,227,173.12 | 0.78% |
| VIA VAREJO S.A. | 90,000 | BRL | 277,307.97 | 228,846.56 | 0.04% |
| WEG S.A. | 70,088 | BRL | 340,456.22 | 835,275.02 | 0.15% |
| Total BRAZILIAN REAL |  |  | 28,221,164.84 | 27,503,106.94 | 5.10% |
| BANCO DE CHILE | 4,000,000 | CLP | 444,562.41 | 333,819.38 | 0.06% |
| BANCO DE CREDITO E INVERSIONES S.A. -CAP- | 2,810 | CLP | 106,841.75 | 90,150.67 | 0.02% |
| BANCO SANTANDER CHILE | 6,018,256 | CLP | 282,543.89 | 236,069.12 | 0.04% |
| CENCOSUD S.A. | 100,000 | CLP | 283,344.66 | 145,513.96 | 0.03% |
| CENCOSUD SHOPPING S.A. | 50,000 | CLP | 76,410.42 | 65,481.28 | 0.01% |
| CERVEZAS | 15,313 | CLP | 144,198.08 | 92,424.15 | 0.02% |
| COLBUN S.A. | 600,000 | CLP | 115,920.26 | 86,618.19 | 0.02% |
| EMBOTELLADORA ANDINA S.A. PREF -B- | 40,000 | CLP | 130,978.39 | 84,156.53 | 0.02% |
| EMPRESAS CMPC S.A. | 100,000 | CLP | 216,576.87 | 215,107.60 | 0.04% |
| EMPRESAS COPEC S.A. | 25,656 | CLP | 263,008.96 | 212,783.70 | 0.04% |
| ENEL AMERICAS S.A | 3,109,208 | CLP | 322,396.71 | 414,915.20 | 0.08% |
| ENEL CHILE S.A. | 2,000,000 | CLP | 159,130.87 | 126,994.00 | 0.02% |
| FALABELLA SOCIEDAD ANOMINA COMERCIA | 60,000 | CLP | 428,907.65 | 181,518.60 | 0.03% |
| SOCIEDAD QUIMICA Y MINERA DE CHILE | 11,304 | CLP | 247,651.84 | 449,906.62 | 0.08% |
| Total CHILEAN PESO |  |  | 3,222,472.76 | 2,735,459.00 | 0.51% |
| BANCOLOMBIA ORD | 20,000 | COP | 186,877.76 | 167,162.35 | 0.03% |
| BANCOLOMBIA S.A. BANCOLOMBIA PFUND | 33,000 | COP | 307,649.33 | 276,764.09 | 0.05% |
| ECOPETROL S.A. | 461,419 | COP | 610,746.32 | 247,514.41 | 0.05% |
| INTERCONEXION ELECTRICA S.A. ESP | 37,956 | COP | 140,391.81 | 233,078.51 | 0.04% |
| Total COLOMBIAN PESO |  |  | 1,245,665.22 | 924,519.36 | 0.17% |
| CESKE ENERGETICKE ZAVODY A.S. (CEZ) | 15,598 | CZK | 276,753.10 | 305,878.07 | 0.06% |
| KOMERCNI BANKA A.S. | 7,040 | CZK | 250,081.71 | 176,120.63 | 0.03% |
| Total CZECH KORUNA |  |  | 526,834.81 | 481,998.70 | 0.09% |
| GRUPO DE INVERSIONES SURAMERICANA | 26,741 | EUR | 385,695.22 | 160,485.36 | 0.03% |
| HELLENIC TELECOMMUNICATIONS | 27,000 | EUR | 253,543.85 | 355,860.00 | 0.07% |
| JUMBO S.A. | 6,837 | EUR | 69,648.52 | 97,153.77 | 0.02% |
| NEPI ROCKCASTLE PLC | 31,287 | EUR | 346,201.48 | 159,563.70 | 0.03% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| OPAP S.A. | 20,000 | EUR | 202,351.52 | 219,000.00 | 0.04% |
| --- | --- | --- | --- | --- | --- |
| REINET INVESTMENTS SCA | 14,000 | EUR | 225,604.30 | 212,800.00 | 0.04% |
| Total EURO |  |  | 1,483,044.89 | 1,204,862.83 | 0.22% |
| POLYMETAL INTERNATIONAL PLC | 20,000 | GBP | 234,047.96 | 376,382.53 | 0.07% |
| Total BRITISH POUND |  |  | 234,047.96 | 376,382.53 | 0.07% |
| 3SBIO INC. | 110,000 | HKD | 196,493.26 | 81,973.17 | 0.02% |
| AAC TECHNOLOGIES HLDG INC. | 73,000 | HKD | 248,172.17 | 333,942.92 | 0.06% |
| AGILE PROPERTY HLDG LTD | 160,000 | HKD | 216,519.37 | 174,044.11 | 0.03% |
| AGRICULTURAL BANK OF CHINA -H- | 2,200,000 | HKD | 805,343.08 | 658,568.08 | 0.12% |
| AIR CHINA LTD | 196,000 | HKD | 134,199.85 | 126,021.77 | 0.02% |
| AK MEDICAL HLDG LTD | 38,000 | HKD | 104,850.52 | 53,912.36 | 0.01% |
| ALIBABA HEALTH INFO TECHNOLOGY | 344,000 | HKD | 394,868.43 | 830,335.45 | 0.15% |
| ALIBABA PICTURES GROUP LTD | 800,000 | HKD | 196,444.90 | 80,950.75 | 0.02% |
| A-LIVING SMART CITY SERVICES CO LTD | 50,000 | HKD | 175,673.56 | 181,295.95 | 0.03% |
| ALUMINUM CORPORATION OF CHINA LTD | 300,000 | HKD | 167,118.24 | 86,642.60 | 0.02% |
| ANHUI CONCH CEMENT CO LTD -H- | 110,000 | HKD | 326,049.78 | 562,913.38 | 0.10% |
| ANTA SPORTS PRODUCTS LTD | 90,000 | HKD | 135,363.51 | 1,165,880.52 | 0.22% |
| AVICHINA INDUSTRY & TECHNOLOGY -H- | 200,000 | HKD | 142,263.74 | 114,047.80 | 0.02% |
| BANK OF CHINA LTD -H- | 6,700,000 | HKD | 2,337,255.39 | 1,871,459.06 | 0.35% |
| BANK OF COMMUNICATIONS CO LTD | 800,000 | HKD | 451,555.24 | 345,727.16 | 0.06% |
| BEIJING CAPITAL INTERNATIONAL AIRPORT CO LTD | 238,000 | HKD | 123,488.86 | 162,308.36 | 0.03% |
| BEIJING ENTERPRISES HLDG LTD | 48,500 | HKD | 281,124.78 | 129,336.74 | 0.02% |
| BEIJING ENTERPRISES WATER GROUP LTD | 648,000 | HKD | 275,205.62 | 213,102.85 | 0.04% |
| BOC AVIATION LTD | 15,000 | HKD | 80,163.73 | 105,931.65 | 0.02% |
| BRILLIANCE CHINA AUTOMOTIVE HLDG | 300,000 | HKD | 357,293.86 | 223,246.99 | 0.04% |
| BYD CO LTD -H- | 54,000 | HKD | 215,034.75 | 1,156,583.84 | 0.21% |
| BYD ELECTRONIC CO LTD | 60,000 | HKD | 275,885.56 | 256,765.66 | 0.05% |
| CANSINO BIOLOGICS INC -H- | 5,000 | HKD | 105,818.87 | 93,019.58 | 0.02% |
| CGN POWER CO LTD -H- | 650,000 | HKD | 246,061.26 | 114,416.72 | 0.02% |
| CHINA CINDA ASSET MANAGEMENT CO LTD | 600,000 | HKD | 284,172.72 | 92,966.88 | 0.02% |
| CHINA CITIC BANK CORP. | 800,000 | HKD | 387,015.28 | 277,424.97 | 0.05% |
| CHINA COMMUNICATION -H- | 226,000 | HKD | 122,433.87 | 81,469.34 | 0.02% |
| CHINA CONCH VENTURE HLDG LTD | 132,000 | HKD | 285,301.73 | 524,535.56 | 0.10% |
| CHINA CONSTRUCTION BANK CORP. | 8,150,000 | HKD | 5,338,872.17 | 5,059,790.77 | 0.94% |
| CHINA COSCO -H- | 220,000 | HKD | 106,467.97 | 215,657.86 | 0.04% |
| CHINA EVERBRIGHT BANK CO LTD -H- | 169,000 | HKD | 72,138.95 | 52,549.47 | 0.01% |
| CHINA EVERBRIGHT ENVIRONMENT GROUP | 246,000 | HKD | 210,424.04 | 113,571.37 | 0.02% |
| CHINA EVERGRANDE GROUP | 200,000 | HKD | 187,725.13 | 314,105.77 | 0.06% |
| CHINA FEIHE LTD | 110,000 | HKD | 196,148.53 | 210,556.27 | 0.04% |
| CHINA GALAXY SECURITIES CO LTD | 330,000 | HKD | 355,053.45 | 169,047.93 | 0.03% |
| CHINA GAS HLDG LTD | 230,000 | HKD | 343,432.68 | 746,686.34 | 0.14% |
| CHINA HUARONG ASSET MANAGEMENT CO L | 1,450,000 | HKD | 485,207.92 | 131,439.56 | 0.02% |
| CHINA INTERNATIONAL CAPITAL CORP. | 140,000 | HKD | 265,624.00 | 309,889.59 | 0.06% |
| CHINA JINMAO HLDG GROUP LTD | 550,000 | HKD | 139,868.33 | 206,961.98 | 0.04% |
| CHINA LESSO GROUP HLDG LTD | 110,000 | HKD | 164,366.71 | 140,757.33 | 0.03% |
| CHINA LIFE INSURANCE CO LTD-H | 610,000 | HKD | 1,306,266.02 | 1,099,475.61 | 0.20% |
| CHINA LITERATURE LTD | 23,000 | HKD | 188,259.79 | 147,519.04 | 0.03% |
| CHINA LONGYUAN POWER -H- GROUP CORP. | 302,000 | HKD | 240,618.91 | 247,336.16 | 0.05% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| CHINA MEDICAL SYSTEM HLDG LTD | 130,000 | HKD | 175,102.05 | 118,664.52 | 0.02% |
| --- | --- | --- | --- | --- | --- |
| CHINA MEIDONG AUTO HLDG LTD | 28,000 | HKD | 101,587.85 | 92,966.88 | 0.02% |
| CHINA MENGNIU DAIRY | 235,000 | HKD | 453,039.54 | 1,159,240.03 | 0.21% |
| CHINA MERCHANTS BANK CO LTD -H- | 324,000 | HKD | 589,298.27 | 1,673,403.78 | 0.31% |
| CHINA MERCHANTS PORT HLDG CO LTD | 187,000 | HKD | 488,429.17 | 187,054.20 | 0.03% |
| CHINA MINSHENG BANKING CORP. -H- | 500,240 | HKD | 308,842.66 | 233,056.03 | 0.04% |
| CHINA MOBILE LTD | 512,000 | HKD | 4,261,693.34 | 2,385,348.76 | 0.44% |
| CHINA MOLYBDENUM CO LTD | 390,000 | HKD | 188,135.79 | 208,005.48 | 0.04% |
| CHINA NATIONAL BUILDING MATERIAL | 300,000 | HKD | 218,943.91 | 294,711.32 | 0.05% |
| CHINA OILFIELD SERVICES -H- | 200,000 | HKD | 244,597.00 | 138,290.86 | 0.03% |
| CHINA OVERSEAS LAND & INVESTMENT | 315,000 | HKD | 692,934.29 | 559,793.41 | 0.10% |
| CHINA OVERSEAS PROPERTY HLDG LTD | 110,000 | HKD | 112,550.68 | 46,841.81 | 0.01% |
| CHINA PACIFIC INSURANCE CO LTD | 223,600 | HKD | 606,686.09 | 715,303.17 | 0.13% |
| CHINA PETROLEUM & CHEMICAL CORP. -H- | 1,980,000 | HKD | 1,241,848.82 | 724,193.00 | 0.13% |
| CHINA RAILWAY GROUP LTD -H- | 472,000 | HKD | 228,154.46 | 170,148.36 | 0.03% |
| CHINA RESOURCES BEER HLDG CO LTD | 124,000 | HKD | 259,466.47 | 933,210.36 | 0.17% |
| CHINA RESOURCES CEMENT HLDG LTD | 200,000 | HKD | 202,796.13 | 182,560.81 | 0.03% |
| CHINA RESOURCES GAS GROUP LTD | 80,000 | HKD | 160,940.31 | 347,835.25 | 0.06% |
| CHINA RESOURCES LAND LTD | 278,000 | HKD | 598,395.52 | 937,679.52 | 0.17% |
| CHINA RESOURCES PHARMACEUTICAL | 185,000 | HKD | 190,693.80 | 77,609.42 | 0.01% |
| CHINA RESOURCES POWER HLDG CO | 200,000 | HKD | 347,415.95 | 176,025.72 | 0.03% |
| CHINA SHENHUA ENERGY CO | 266,900 | HKD | 570,710.75 | 410,734.41 | 0.08% |
| CHINA SOUTHERN AIRLINES CO LTD | 234,000 | HKD | 199,266.95 | 113,950.83 | 0.02% |
| CHINA STATE CONSTRUCTION INTERNATIONAL HLDG | 236,000 | HKD | 281,773.77 | 109,949.67 | 0.02% |
| CHINA TAIPING INSURANCE HLDG | 167,600 | HKD | 372,681.21 | 246,968.09 | 0.05% |
| CHINA TELECOM CORP. LTD | 1,400,000 | HKD | 589,990.79 | 317,267.91 | 0.06% |
| CHINA TOWER CORP. LTD -H- | 4,100,000 | HKD | 577,024.14 | 492,661.20 | 0.09% |
| CHINA TRADITIONAL CHINESE MEDICINE | 270,000 | HKD | 213,331.00 | 109,283.51 | 0.02% |
| CHINA UNICOM HONG KONG LTD | 580,000 | HKD | 650,246.22 | 272,049.33 | 0.05% |
| CHINA VANKE CO LTD -H- | 140,000 | HKD | 364,348.77 | 394,740.31 | 0.07% |
| CHINA YOUZAN LTD | 1,200,000 | HKD | 265,631.50 | 292,181.61 | 0.05% |
| CHINA YUHUA EDUCATION CORP. LTD | 116,000 | HKD | 102,314.13 | 82,531.82 | 0.02% |
| CHONGQING RURAL COMMERCIAL | 220,000 | HKD | 126,047.62 | 73,277.29 | 0.01% |
| CIFI HLDG GROUP CO LTD | 314,948 | HKD | 208,281.61 | 218,104.13 | 0.04% |
| CITIC PACIFIC LTD | 564,000 | HKD | 769,789.20 | 326,370.66 | 0.06% |
| CITIC SECURITIES CO LTD -H- | 190,000 | HKD | 448,015.02 | 350,069.83 | 0.06% |
| CNOOC LTD | 1,500,000 | HKD | 2,070,134.75 | 1,135,207.78 | 0.21% |
| COSCO SHIPPING PORTS LTD | 121,181 | HKD | 117,991.28 | 68,846.67 | 0.01% |
| COUNTRY GARDEN SERVICES HLDG CO | 112,000 | HKD | 223,958.38 | 619,188.91 | 0.11% |
| COUNTRY GARDEN SERVICES HLDG CO LTD | 659,133 | HKD | 580,191.42 | 744,779.13 | 0.14% |
| CSPC PHARMACEUTICAL GROUP LTD | 837,120 | HKD | 469,249.04 | 699,714.00 | 0.13% |
| DALI FOODS GROUP CO LTD | 200,000 | HKD | 133,078.49 | 93,388.50 | 0.02% |
| DONGFENG MOTOR GP -H- | 300,000 | HKD | 308,688.92 | 285,857.33 | 0.05% |
| ENN ENERGY HLDG LTD | 66,000 | HKD | 336,776.32 | 791,673.03 | 0.15% |
| FAR EAST HORIZON LTD | 160,000 | HKD | 121,592.45 | 134,749.27 | 0.02% |
| FOSUN INTERNATIONAL LTD | 158,500 | HKD | 134,510.25 | 203,486.78 | 0.04% |
| FUYAO GLASS INDUSTRY GROUP CO LTD | 56,000 | HKD | 201,561.69 | 251,453.27 | 0.05% |
| GEELY AUTOMOBILE HLDG LTD | 485,000 | HKD | 293,598.13 | 1,354,712.90 | 0.25% |
| GENSCRIPT BIOTECH CORP. | 80,000 | HKD | 257,226.25 | 95,117.13 | 0.02% |
| GF SECURITIES CO LTD UNITARY 14 | 173,200 | HKD | 444,823.97 | 200,086.64 | 0.04% |
| GOME RETAIL HLDG LTD | 1,300,000 | HKD | 161,235.54 | 127,434.19 | 0.02% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| GREAT WALL MOTOR CO | 300,000 | HKD | 371,292.39 | 841,128.88 | 0.16% |
| --- | --- | --- | --- | --- | --- |
| GREENTOWN SERVICE GROUP CO LTD | 150,000 | HKD | 149,221.68 | 151,308.33 | 0.03% |
| GUANGDONG INVESTMENT LTD | 246,000 | HKD | 228,424.13 | 361,976.34 | 0.07% |
| GUANGZHOU AUTOMOBILE GROUP CO LTD | 242,800 | HKD | 134,537.50 | 220,605.13 | 0.04% |
| GUANGZHOU -H- TEMPORARY | 150,000 | HKD | 164,202.20 | 157,632.61 | 0.03% |
| HAIDILAO INTERNATIONAL HLDG LTD | 60,000 | HKD | 300,007.12 | 377,559.36 | 0.07% |
| HAIER SMART HOME CO LTD -H- | 203,200 | HKD | 161,105.66 | 601,851.96 | 0.11% |
| HAITIAN INTERNATIONAL HLDG LTD | 80,000 | HKD | 131,626.31 | 225,987.51 | 0.04% |
| HAITONG SECURITIES CO LTD | 300,000 | HKD | 527,223.34 | 219,136.21 | 0.04% |
| HANGZHOU TIGERMED CONSULTING CO LTD | 8,000 | HKD | 112,731.42 | 151,361.04 | 0.03% |
| HANSOH PHARMACEUTICAL GROUP CO | 90,000 | HKD | 326,234.05 | 356,689.24 | 0.07% |
| HENGAN INTERNATIONAL GROUP CO LTD S | 56,000 | HKD | 480,003.70 | 324,055.97 | 0.06% |
| HUA HONG SEMICONDUCTOR LTD | 35,000 | HKD | 86,408.48 | 162,323.12 | 0.03% |
| HUANENG POWER INTERNATIONAL INC. | 144,000 | HKD | 121,446.85 | 42,954.49 | 0.01% |
| HUATAI SECURITIES CO LTD UNITAR | 130,000 | HKD | 310,009.55 | 167,171.73 | 0.03% |
| INDUST. & COMMERC. BANK OF CHINA LTD | 5,150,000 | HKD | 2,706,748.74 | 2,730,454.03 | 0.51% |
| INNOVENT BIOLOGICS INC. | 85,000 | HKD | 340,028.95 | 735,118.18 | 0.14% |
| JIANGSU EXPRESSWAY CO LTD -H- | 106,000 | HKD | 101,372.57 | 96,868.96 | 0.02% |
| JIANGXI COPPER CO LTD -H- | 130,000 | HKD | 143,651.89 | 166,897.68 | 0.03% |
| JINXIN FERTILITY GROUP LTD | 100,000 | HKD | 145,989.34 | 166,539.30 | 0.03% |
| KINGBOARD HLDG LTD | 48,000 | HKD | 211,690.01 | 165,443.09 | 0.03% |
| KINGDEE INTERNATIONAL SOFTWARE GROUP | 200,000 | HKD | 176,483.23 | 666,157.21 | 0.12% |
| KOOLEARN TECHNOLOGY | 28,000 | HKD | 102,412.14 | 82,342.09 | 0.02% |
| KUNLUN ENERGY CO LTD | 420,000 | HKD | 362,256.22 | 296,608.61 | 0.05% |
| KWG GROUP HLDG LTD | 160,000 | HKD | 189,978.71 | 178,428.94 | 0.03% |
| LENOVO GROUP | 571,000 | HKD | 503,411.09 | 440,561.81 | 0.08% |
| LI NING CO LTD | 200,000 | HKD | 294,579.64 | 1,123,613.27 | 0.21% |
| LOGAN GROUP CO LTD | 160,000 | HKD | 207,185.65 | 214,182.19 | 0.04% |
| LONGFOR GROUP HLDG LTD | 154,000 | HKD | 173,974.37 | 736,946.96 | 0.14% |
| LUYE PHARMACEUTICAL GROUP LTD | 200,000 | HKD | 185,737.02 | 76,102.14 | 0.01% |
| MEITUAN | 306,400 | HKD | 4,564,640.17 | 9,514,394.58 | 1.76% |
| MICROPORT SCIENTIFIC CORP. | 50,000 | HKD | 180,597.03 | 221,086.19 | 0.04% |
| MINTH GROUP LTD | 60,000 | HKD | 249,434.45 | 258,662.94 | 0.05% |
| NEW CHINA LIFE INSURANCE CO LTD | 77,000 | HKD | 243,816.47 | 245,513.72 | 0.05% |
| NINE DRAGONS PAPER LTD | 140,000 | HKD | 87,791.75 | 162,323.12 | 0.03% |
| PETROCHINA CO LTD | 2,048,000 | HKD | 1,742,850.69 | 518,084.80 | 0.10% |
| PICC PROPERTY & CASUALTY COMP-H | 600,940 | HKD | 481,066.18 | 371,816.68 | 0.07% |
| PING AN HEALTHCARE & TECHNOLOGY | 38,000 | HKD | 268,656.38 | 376,505.31 | 0.07% |
| PING AN INSURANCE GROUP CO -H- | 500,000 | HKD | 2,189,436.14 | 5,006,719.54 | 0.93% |
| POLY PROPERTY SERVICES CO LTD | 10,400 | HKD | 106,168.87 | 66,978.31 | 0.01% |
| POSTAL SAVINGS BANK OF CHINA -H- | 880,000 | HKD | 481,736.36 | 406,271.58 | 0.08% |
| SEAZEN GROUP LTD | 290,000 | HKD | 195,718.01 | 197,159.35 | 0.04% |
| SEMICONDUCTOR MANUFTNG INTERNATIONAL CORP. | 140,000 | HKD | 142,267.51 | 326,121.90 | 0.06% |
| SHANDONG WEIGAO GROUP MEDICAL -H- | 248,000 | HKD | 257,300.59 | 457,978.87 | 0.08% |
| SHANGHAI FOSUN PHARMACEUTICAL | 45,000 | HKD | 188,874.61 | 175,735.86 | 0.03% |
| SHANGHAI PHARMACEUTICAL HLDG CO -H- | 102,700 | HKD | 176,168.12 | 147,870.25 | 0.03% |
| SHENZHEN INTERNATIONAL HLDG LTD | 140,337 | HKD | 260,390.02 | 185,197.95 | 0.03% |
| SHENZHOU INTERNATIONAL GROUP LTD | 70,800 | HKD | 329,947.91 | 1,134,322.38 | 0.21% |
| SHIMAO GROUP HLDG LTD | 116,500 | HKD | 200,362.58 | 303,307.07 | 0.06% |
| SINO BIOPHARM LTD | 831,500 | HKD | 137,259.72 | 657,329.57 | 0.12% |
| SINOPHARMACEUTICAL GROUP CO LTD -H- | 91,000 | HKD | 197,083.09 | 180,901.74 | 0.03% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| SMOORE INTERNATIONAL HLDG | 40,000 | HKD | 215,960.56 | 252,338.67 | 0.05% |
| --- | --- | --- | --- | --- | --- |
| SSY GROUP LTD | 210,000 | HKD | 193,347.67 | 97,393.87 | 0.02% |
| SUNAC CHINA HLDG LTD | 223,000 | HKD | 513,203.74 | 673,424.86 | 0.12% |
| SUNAC SERVICES HLDG LTD | 7,400 | HKD | 0.00 | 13,384.70 | 0.00% |
| SUN ART RETAIL GROUP LTD | 220,000 | HKD | 218,870.42 | 182,729.45 | 0.03% |
| SUNNY OPTICAL TECHNOLOGY CO LTD | 59,000 | HKD | 386,044.89 | 1,055,342.70 | 0.20% |
| TENCENT HLDG LTD | 480,000 | HKD | 8,201,771.16 | 28,535,139.27 | 5.29% |
| THE PEOPLE'INSURANCE CO | 700,000 | HKD | 248,188.40 | 181,506.76 | 0.03% |
| THE WHARF HLDG LTD | 150,000 | HKD | 286,893.54 | 329,652.96 | 0.06% |
| TINGYI (CAYMAN ISLANDS) HLDG CORP. | 198,000 | HKD | 389,916.00 | 276,320.32 | 0.05% |
| TOPSPORTS INTERNATIONAL HLDG | 100,000 | HKD | 113,755.99 | 122,269.36 | 0.02% |
| TRAVELSKY TECHNOLOGY LTD | 70,000 | HKD | 136,806.56 | 137,974.65 | 0.03% |
| TSINGTAO BREWERY CO LTD -H- | 40,000 | HKD | 223,809.24 | 342,354.21 | 0.06% |
| UNI-PRESIDENT CHINA HLDG LTD | 100,000 | HKD | 101,461.33 | 83,164.25 | 0.02% |
| VINDA INTERNATIONAL HLDG LTD | 30,000 | HKD | 82,426.72 | 66,879.23 | 0.01% |
| WANT WANT CHINA HLDG LTD | 379,000 | HKD | 371,537.64 | 224,110.25 | 0.04% |
| WEICHAI POWER CO LTD | 166,000 | HKD | 146,873.39 | 272,255.92 | 0.05% |
| WUXI APPTEC CO LTD -H- | 28,000 | HKD | 252,270.99 | 448,011.81 | 0.08% |
| WUXI BIOLOGICS CAYMAN INC. | 262,000 | HKD | 1,105,584.77 | 2,838,925.93 | 0.53% |
| XIAOMI CORP-B | 1,150,000 | HKD | 1,701,055.25 | 4,024,348.47 | 0.75% |
| XINYI SOLAR HLDG LTD | 333,357 | HKD | 101,624.68 | 711,531.71 | 0.13% |
| YANZHOU COAL MINING CO LTD -H- | 128,000 | HKD | 88,776.15 | 83,649.11 | 0.02% |
| YIHAI INTERNATIONAL HLDG LTD | 45,000 | HKD | 98,846.01 | 545,468.92 | 0.10% |
| YUEXIU PROPERTY CO LTD | 500,000 | HKD | 97,118.28 | 82,215.61 | 0.02% |
| ZHAOJIN MINING INDUSTRY CO LTD | 130,000 | HKD | 85,367.13 | 126,475.01 | 0.02% |
| ZHONGAN ONLINE P&C INSURANCE CO | 30,000 | HKD | 172,682.56 | 114,469.42 | 0.02% |
| ZHONGSHENG GROUP HLDG LTD | 60,000 | HKD | 165,594.90 | 349,416.32 | 0.06% |
| ZHUZHOU CRRC TIMES ELECTRIC CO LTD | 50,000 | HKD | 156,356.01 | 178,133.81 | 0.03% |
| ZIJIN MINING GROUP -H- | 478,000 | HKD | 83,700.11 | 442,366.33 | 0.08% |
| ZTE CORP. -H- | 82,400 | HKD | 226,308.43 | 169,364.15 | 0.03% |
| Total HONG KONG DOLLAR |  |  | 80,234,961.31 | 117,354,854.21 | 21.75% |
| GEDEON RICHTER | 13,000 | HUF | 203,579.82 | 266,677.70 | 0.05% |
| MOL HUNGARIAN OIL & GAS PLC | 40,008 | HUF | 259,460.42 | 241,580.21 | 0.04% |
| OTP BANK PLC | 18,000 | HUF | 325,362.90 | 663,054.72 | 0.12% |
| Total HUNGARIAN FORINT |  |  | 788,403.14 | 1,171,312.63 | 0.22% |
| ASTRA INTERNATIONAL TBK | 1,589,600 | IDR | 680,423.97 | 557,117.53 | 0.10% |
| BANK CENTRAL ASIA TBK | 826,000 | IDR | 661,785.48 | 1,626,449.70 | 0.30% |
| BANK MANDIRI PT TBK | 1,536,000 | IDR | 459,938.54 | 565,136.90 | 0.10% |
| BANK RAKYAT INDONESIA -B- | 4,600,000 | IDR | 618,790.00 | 1,115,824.27 | 0.21% |
| BARITO PACIFIC TBK | 2,000,000 | IDR | 124,736.87 | 127,974.84 | 0.02% |
| CHAROEN POKPHAND INDONESIA TBK | 700,000 | IDR | 204,331.50 | 265,693.22 | 0.05% |
| INDAH KIAT PULP & PAPER CORP. | 350,000 | IDR | 397,925.04 | 212,249.18 | 0.04% |
| INDOCEMENT TUNGGAL PRAKARSA | 241,500 | IDR | 323,072.93 | 203,346.93 | 0.04% |
| INDOFOOD SUKSES MAKMUR | 500,000 | IDR | 213,797.12 | 199,233.56 | 0.04% |
| INDOFOOD SUKSES MAKMUR TBK | 237,100 | IDR | 85,477.73 | 132,060.29 | 0.02% |
| KALBE FARMA TBK | 2,228,300 | IDR | 204,903.04 | 191,839.17 | 0.04% |
| PT BANK NEGARA INDONESIA | 600,000 | IDR | 191,205.55 | 215,521.27 | 0.04% |
| PT PERUSAHAAN GAS NEGARA TBK | 1,000,000 | IDR | 352,290.59 | 96,271.98 | 0.02% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| PT SEMEN GRESIK TBK | 276,600 | IDR | 266,968.01 | 199,917.35 | 0.04% |
| --- | --- | --- | --- | --- | --- |
| PT UNILEVER INDONESIA TBK | 700,000 | IDR | 277,389.18 | 299,286.62 | 0.06% |
| PT UNITED TRACTORS TBK | 157,000 | IDR | 214,525.25 | 242,931.15 | 0.05% |
| TELKOM INDONESIA PERSERO TBK | 4,500,000 | IDR | 678,807.16 | 866,447.84 | 0.16% |
| Total INDONESIAN RUPIAH |  |  | 5,956,367.96 | 7,117,301.80 | 1.32% |
| ADANI GREEN ENERGY LTD | 38,000 | INR | 480,246.80 | 447,405.11 | 0.08% |
| ADANI PORTS & SPECIAL ECONOMIC ZONE | 60,000 | INR | 323,398.89 | 324,658.07 | 0.06% |
| AMBUJA CEMENTS LTD | 70,100 | INR | 199,414.66 | 195,123.53 | 0.04% |
| APOLLO HOSPITALS ENTERPRISE LTD | 10,000 | INR | 278,150.53 | 269,882.86 | 0.05% |
| ASIAN PAINTS LTD | 31,400 | INR | 609,027.60 | 970,957.50 | 0.18% |
| AUROBINDO PHARMACEUTICAL LTD | 21,000 | INR | 168,288.48 | 216,408.52 | 0.04% |
| AVENUE SUPERMARTS LTD | 15,000 | INR | 277,556.90 | 463,682.20 | 0.09% |
| AXIS BANK LTD | 190,000 | INR | 1,821,301.08 | 1,318,603.94 | 0.24% |
| BAJAJ AUTO LTD | 5,900 | INR | 226,278.36 | 227,495.32 | 0.04% |
| BAJAJ FINANCE LTD | 22,800 | INR | 1,087,803.71 | 1,350,427.26 | 0.25% |
| BAJAJ FINSERV LTD | 3,300 | INR | 343,905.58 | 328,751.45 | 0.06% |
| BALKRISHNA INDUSTRIES LTD | 10,000 | INR | 187,295.94 | 184,146.28 | 0.03% |
| BANDHAN BANK LTD | 55,000 | INR | 268,776.11 | 247,464.40 | 0.05% |
| BERGER PAINTS INDIA LTD | 20,000 | INR | 132,404.02 | 169,896.00 | 0.03% |
| BHARAT PETROLEUM CORP. LTD | 60,000 | INR | 305,689.14 | 255,766.81 | 0.05% |
| BHARTI AIRTEL LTD | 97,000 | INR | 459,299.49 | 553,019.38 | 0.10% |
| BIOCON LTD | 24,000 | INR | 101,648.28 | 124,937.15 | 0.02% |
| BRITANNIA INDUSTRIES LTD | 9,800 | INR | 375,888.46 | 392,030.69 | 0.07% |
| CIPLA LTD | 33,000 | INR | 251,874.88 | 302,660.18 | 0.06% |
| COAL INDIA LTD | 100,000 | INR | 343,835.45 | 151,507.10 | 0.03% |
| COLGATE-PALMOLIVE (INDIA) LTD | 9,000 | INR | 154,908.42 | 157,572.42 | 0.03% |
| CONTAINER CORP. OF INDIA LTD | 24,400 | INR | 164,017.70 | 108,979.07 | 0.02% |
| DABUR INDIA -DIS- | 50,000 | INR | 258,474.75 | 298,651.87 | 0.06% |
| DIVI S LABORATORIES LTD | 11,000 | INR | 336,264.45 | 472,707.75 | 0.09% |
| DLF LTD | 60,000 | INR | 170,618.96 | 156,272.11 | 0.03% |
| DR REDDY'S LABORATORIES LTD | 9,500 | INR | 323,887.56 | 553,103.83 | 0.10% |
| EICHER MOTORS LTD | 14,000 | INR | 360,518.80 | 396,330.05 | 0.07% |
| GAIL (INDIA) LTD -DIS- | 100,000 | INR | 202,937.15 | 137,860.84 | 0.03% |
| GODREJ CONSUMER PRODUCTS LTD | 42,100 | INR | 371,926.57 | 348,542.56 | 0.06% |
| GRASIM INDUSTRIES LTD | 24,900 | INR | 277,642.59 | 258,422.96 | 0.05% |
| HAVELLS INDIA LTD | 27,000 | INR | 269,870.79 | 276,684.18 | 0.05% |
| HCL TECHNOLOGIES LTD DEMATERIAL | 93,000 | INR | 642,845.27 | 984,230.73 | 0.18% |
| HDFC ASSET MANAGEMENT CO LTD -R- | 7,000 | INR | 256,481.50 | 228,474.27 | 0.04% |
| HDFC LIFE INSURANCE CO LTD | 57,000 | INR | 407,063.39 | 431,317.06 | 0.08% |
| HERO MOTOCORP LTD | 10,000 | INR | 350,750.60 | 347,867.91 | 0.06% |
| HINDALCO INDUSTRIES LTD -DEMAT- | 140,000 | INR | 354,414.57 | 376,692.85 | 0.07% |
| HINDUSTAN PETROLEUM CORP. LTD | 71,700 | INR | 283,223.45 | 174,755.30 | 0.03% |
| HINDUSTAN UNILEVER LTD | 70,000 | INR | 1,668,284.50 | 1,875,556.13 | 0.35% |
| HOUSING DEVELOPMENT FINANCE CORP. | 144,400 | INR | 3,931,637.11 | 4,132,682.64 | 0.77% |
| ICICI BANK LTD | 430,000 | INR | 2,435,235.73 | 2,573,456.34 | 0.48% |
| ICICI LOMBARD GENERAL INSURANCE COM | 16,000 | INR | 240,579.55 | 272,182.59 | 0.05% |
| ICICI PRUDENTIAL LIFE INSURANCE COM | 30,000 | INR | 188,611.25 | 167,396.05 | 0.03% |
| INDIAN OIL CORP. LTD | 110,000 | INR | 169,157.28 | 111,904.97 | 0.02% |
| INDRAPRASTHA GAS LTD | 30,000 | INR | 162,774.16 | 168,570.53 | 0.03% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| INFO EDGE -D- LTD | 5,500 | INR | 180,525.39 | 292,706.24 | 0.05% |
| --- | --- | --- | --- | --- | --- |
| INFOSYS TECHNOLOGIES | 289,000 | INR | 2,739,036.61 | 4,059,497.72 | 0.75% |
| INTERGLOBE AVIATION LTD | 10,900 | INR | 233,572.15 | 210,107.41 | 0.04% |
| IPCA LABORATORIES LTD | 8,000 | INR | 205,464.84 | 195,861.94 | 0.04% |
| JSW STEEL LTD | 69,500 | INR | 237,896.00 | 301,005.29 | 0.06% |
| JUBILANT FOODWORKS LTD | 6,000 | INR | 161,435.39 | 187,321.84 | 0.03% |
| KOTAK MAHINDRA BANK LTD | 50,000 | INR | 1,058,765.97 | 1,116,085.54 | 0.21% |
| LARSEN & TOUBRO INFOTECH LTD | 4,000 | INR | 151,521.90 | 163,732.81 | 0.03% |
| LUPIN LTD | 16,100 | INR | 156,789.75 | 175,916.97 | 0.03% |
| MAHINDRA-MAHINDRA LTD | 64,800 | INR | 544,995.10 | 522,303.87 | 0.10% |
| MARICO LTD DEMATERIALSED | 53,200 | INR | 255,513.93 | 239,603.59 | 0.04% |
| MARUTI SUZUKI INDIA LTD | 11,600 | INR | 1,011,610.29 | 992,546.12 | 0.18% |
| MOTHERSON SUMI SYSTEMS LTD | 120,000 | INR | 180,624.94 | 221,740.63 | 0.04% |
| MRF LTD | 150 | INR | 134,649.79 | 127,095.58 | 0.02% |
| NESTLE INDIA LTD | 3,200 | INR | 524,630.08 | 658,251.10 | 0.12% |
| NTPC DS LTD | 399,400 | INR | 612,304.30 | 443,843.55 | 0.08% |
| OIL & NATURAL GAS CORP. LTD | 210,000 | INR | 459,512.68 | 218,569.55 | 0.04% |
| PAGE INDUSTRIES LTD | 600 | INR | 153,503.60 | 185,300.06 | 0.03% |
| PETRONET LNG LTD | 70,600 | INR | 214,502.32 | 195,528.16 | 0.04% |
| PIDILITE INDUSTRIES LTD -DEMAT- | 14,300 | INR | 232,959.23 | 282,419.47 | 0.05% |
| PI INDUSTRIES LTD | 6,000 | INR | 157,445.77 | 147,315.91 | 0.03% |
| PIRAMAL ENTERPRISES LTD | 10,985 | INR | 278,473.59 | 175,541.53 | 0.03% |
| POWER GRID CORP. OF INDIA LTD | 170,000 | INR | 420,515.32 | 361,005.24 | 0.07% |
| RELIANCE INDUSTRIES | 240,000 | INR | 4,161,912.81 | 5,329,560.10 | 0.99% |
| RURAL ELECTRIFICATION CORP. LTD | 50,000 | INR | 85,511.71 | 74,886.68 | 0.01% |
| SBI LIFE INSURANCE CO LTD | 40,000 | INR | 458,877.47 | 404,578.21 | 0.07% |
| SHREE CEMENT LTD -DIS- | 1,000 | INR | 264,369.55 | 268,598.77 | 0.05% |
| SHRIRAM TRANSPORT FINANCE CO LTD | 15,000 | INR | 173,441.14 | 175,583.81 | 0.03% |
| SIEMENS LTD -DIS- | 10,000 | INR | 172,354.32 | 176,232.57 | 0.03% |
| STATE BANK OF INDIA | 165,000 | INR | 728,091.75 | 507,448.12 | 0.09% |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 73,800 | INR | 413,135.11 | 488,977.34 | 0.09% |
| TATA CONSULTANCY SERVICES LTD | 80,000 | INR | 2,227,885.17 | 2,561,694.82 | 0.47% |
| TATA CONSUMER PRODUCTS LTD | 50,000 | INR | 223,214.68 | 329,915.24 | 0.06% |
| TATA MOTORS LTD | 116,800 | INR | 254,312.05 | 240,193.06 | 0.04% |
| TATA STEEL LTD -DIS- | 59,100 | INR | 374,548.82 | 425,491.84 | 0.08% |
| TECH MAHINDRA LTD | 55,500 | INR | 534,994.75 | 604,155.96 | 0.11% |
| TITAN INDUSTRIES LTD | 30,000 | INR | 484,828.14 | 525,878.97 | 0.10% |
| TORRENT PHARMACEUTICALS LTD | 4,000 | INR | 112,962.95 | 125,397.99 | 0.02% |
| TRENT LTD | 18,000 | INR | 138,028.59 | 138,440.24 | 0.03% |
| ULTRA TECH CEMENT LTD | 9,100 | INR | 530,923.34 | 538,268.71 | 0.10% |
| UNITED SPIRITS LTD | 50,000 | INR | 340,682.62 | 323,399.71 | 0.06% |
| UPL LTD | 47,000 | INR | 408,724.26 | 245,168.02 | 0.05% |
| VEDANTA LTD | 198,700 | INR | 358,585.11 | 358,719.82 | 0.07% |
| WIPRO LTD -DIS- | 85,000 | INR | 313,677.35 | 367,232.74 | 0.07% |
| ZEE ENTERTAINMENT ENTERPRISES LTD | 110,000 | INR | 424,668.83 | 274,994.62 | 0.05% |
| Total INDIAN RUPEE |  |  | 45,716,189.92 | 49,463,156.22 | 9.17% |
| ALTEOGEN INC. | 1,400 | KRW | 207,635.67 | 189,279.94 | 0.04% |
| AMOREPACIFIC CORP. | 2,776 | KRW | 314,054.98 | 430,244.34 | 0.08% |
| AMOREPACIFIC GROUP | 3,698 | KRW | 215,813.27 | 152,745.26 | 0.03% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BGF RETAIL CO LTD | 1,046 | KRW | 257,137.75 | 106,634.92 | 0.02% |
| --- | --- | --- | --- | --- | --- |
| CELLTRION HEALTHCARE CO LTD. | 5,358 | KRW | 313,915.86 | 657,080.84 | 0.12% |
| CELLTRION INC. | 8,024 | KRW | 520,299.13 | 2,167,274.18 | 0.40% |
| CELLTRION PHARMACEUTICAL INC. | 1,600 | KRW | 107,069.16 | 287,222.80 | 0.05% |
| CJ CHEILJEDANG CORP. | 1,200 | KRW | 254,336.85 | 343,981.20 | 0.06% |
| CJ CORP. | 2,136 | KRW | 172,554.34 | 148,009.42 | 0.03% |
| CJ ENM CO LTD | 1,067 | KRW | 190,991.67 | 111,986.87 | 0.02% |
| CJ LOGISTICS | 1,000 | KRW | 174,166.28 | 124,516.38 | 0.02% |
| COWAY CO LTD | 4,604 | KRW | 260,155.20 | 251,824.64 | 0.05% |
| DAELIM INDUSTRIAL CO LTD | 2,900 | KRW | 175,738.48 | 181,094.22 | 0.03% |
| DAEWOO SHIPBUILDING & MARINE ENG | 6,000 | KRW | 161,722.83 | 123,688.78 | 0.02% |
| DAUM KAKAO CORP. | 4,800 | KRW | 502,593.90 | 1,406,621.29 | 0.26% |
| DEUTSCHE BANK INSURANCE CO LTD | 4,000 | KRW | 139,652.43 | 131,663.85 | 0.02% |
| DOOSAN HEAVY INDUSTRIES & CONSTRU | 15,000 | KRW | 190,580.90 | 152,353.88 | 0.03% |
| DOUZONE BIZON CO LTD | 1,500 | KRW | 131,355.30 | 117,368.91 | 0.02% |
| E-MART CO LTD | 2,158 | KRW | 357,211.36 | 245,975.90 | 0.05% |
| FILA HLDG | 3,500 | KRW | 132,900.93 | 115,074.20 | 0.02% |
| GS ENGINEERING & CONSTRUCTION CORP. | 4,500 | KRW | 124,643.48 | 127,977.26 | 0.02% |
| GS HLDG CORP. | 3,685 | KRW | 142,393.46 | 104,106.04 | 0.02% |
| HANA FINANCIAL GROUP INC. | 24,500 | KRW | 648,599.23 | 635,936.38 | 0.12% |
| HANKOOK TIRE & TECHNOLOGY CO LTD | 8,390 | KRW | 339,023.08 | 248,706.23 | 0.05% |
| HANMI PHARMACEUTICAL CO LTD | 625 | KRW | 175,952.53 | 172,338.57 | 0.03% |
| HANON SYSTEMS | 14,715 | KRW | 105,057.21 | 179,904.54 | 0.03% |
| HANWHA SOLUTIONS CORP. | 8,000 | KRW | 118,089.46 | 288,306.20 | 0.05% |
| HLB CO LTD | 4,000 | KRW | 358,209.99 | 278,374.99 | 0.05% |
| HOTEL SHILLA CO LTD | 1,700 | KRW | 114,129.48 | 105,263.36 | 0.02% |
| HYUNDAI ENGINEERING & CONSTRUCTION | 7,645 | KRW | 345,831.79 | 215,406.00 | 0.04% |
| HYUNDAI FIRE & MARINE INSURANCE CO | 5,191 | KRW | 110,258.43 | 88,850.71 | 0.02% |
| HYUNDAI GLOVIS CO LTD | 1,800 | KRW | 280,312.92 | 249,183.23 | 0.05% |
| HYUNDAI HEAVY INDUSTRIES HLDS | 828 | KRW | 188,055.21 | 176,608.62 | 0.03% |
| HYUNDAI MOBIS | 5,367 | KRW | 1,086,041.19 | 1,031,694.20 | 0.19% |
| HYUNDAI MOTOR CO LTD | 12,600 | KRW | 1,987,833.31 | 1,820,121.00 | 0.34% |
| HYUNDAI MOTOR CO LTD -ISSUED 1999- | 3,000 | KRW | 256,401.31 | 202,235.67 | 0.04% |
| HYUNDAI MOTOR CO LTD PFDNON-VO | 1,613 | KRW | 128,940.46 | 107,400.46 | 0.02% |
| HYUNDAI STEEL CO | 8,633 | KRW | 443,575.22 | 257,208.56 | 0.05% |
| INDUSTRIAL BANK OF KOREA | 27,133 | KRW | 280,407.85 | 180,459.01 | 0.03% |
| KANGWON LAND INC. | 12,000 | KRW | 268,357.53 | 212,166.88 | 0.04% |
| KB FINANCIAL GROUP INC. | 32,523 | KRW | 984,742.64 | 1,061,961.61 | 0.20% |
| KIA MOTORS CORP. | 22,000 | KRW | 938,428.43 | 1,032,846.44 | 0.19% |
| KOREA AEROSPACE INDUSTRIES LTD | 8,000 | KRW | 243,759.44 | 155,288.10 | 0.03% |
| KOREA ELECTRIC POWER CORP. | 20,000 | KRW | 526,790.61 | 412,295.93 | 0.08% |
| KOREA INVESTMENT HLDG CO LTD | 3,000 | KRW | 137,382.38 | 178,310.47 | 0.03% |
| KOREA SHIPBUILD N OFF ENGINEER CO L | 3,000 | KRW | 430,714.78 | 244,894.75 | 0.05% |
| KOREA ZINC CO LTD | 700 | KRW | 188,457.43 | 211,452.14 | 0.04% |
| KUMHO PETRO CHEMICAL CO LTD | 2,237 | KRW | 190,048.92 | 244,040.82 | 0.05% |
| LG CHEM LTD | 3,900 | KRW | 908,385.29 | 2,417,799.63 | 0.45% |
| LG CHEM LTD ISSUE 01 | 600 | KRW | 88,225.29 | 172,216.31 | 0.03% |
| LG CORP. | 8,500 | KRW | 422,573.14 | 559,571.34 | 0.10% |
| LG DISPLAY CO LTD | 25,091 | KRW | 515,239.85 | 350,179.22 | 0.06% |
| LG ELECTRONICS INC. | 9,014 | KRW | 470,575.53 | 915,545.24 | 0.17% |
| LG HOUSEHOLD & HEALTHCARE LTD | 800 | KRW | 353,214.17 | 975,064.82 | 0.18% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| LG HOUSEHOLD & HEALTHCARE LTD | 200 | KRW | 122,729.75 | 108,039.59 | 0.02% |
| --- | --- | --- | --- | --- | --- |
| LG INNOTEK CO LTD | 1,420 | KRW | 150,279.79 | 194,975.35 | 0.04% |
| LG UPLUS CORP. | 24,000 | KRW | 248,026.89 | 212,166.88 | 0.04% |
| LOTTE CHEMICAL CORP. | 1,417 | KRW | 189,572.47 | 294,243.87 | 0.05% |
| LOTTE CORP. | 4,016 | KRW | 216,023.42 | 106,658.85 | 0.02% |
| LOTTE SHOPPING CO LTD | 1,394 | KRW | 364,725.10 | 107,501.65 | 0.02% |
| MIRAE ASSET DAEWOO | 33,583 | KRW | 265,318.08 | 238,517.35 | 0.04% |
| NAVER CORP. | 10,500 | KRW | 1,077,138.00 | 2,310,700.49 | 0.43% |
| NCSOFT CORP. | 1,389 | KRW | 219,185.07 | 972,927.36 | 0.18% |
| NETMARBLE CORP. | 2,000 | KRW | 247,251.78 | 197,871.95 | 0.04% |
| NH INVESTMENT SECURITIES CO LTD | 15,560 | KRW | 156,421.93 | 132,286.80 | 0.02% |
| ORION CORP. | 4,000 | KRW | 336,746.02 | 373,172.96 | 0.07% |
| OTTOGI CORP. | 250 | KRW | 104,430.42 | 108,528.63 | 0.02% |
| PEARL ABYSS CORP. | 800 | KRW | 158,136.82 | 156,672.45 | 0.03% |
| POSCO | 6,222 | KRW | 1,340,063.76 | 1,273,290.21 | 0.24% |
| S1 CORP. | 1,400 | KRW | 100,989.07 | 89,531.42 | 0.02% |
| SAMSUNG BIOLOGICS CO. LTD. -REG- | 1,400 | KRW | 212,974.27 | 870,034.69 | 0.16% |
| SAMSUNG -C- NT CORP. | 7,697 | KRW | 969,549.33 | 799,151.39 | 0.15% |
| SAMSUNG ELECTRO-MECHANICS CO LTD | 4,690 | KRW | 258,234.24 | 628,089.21 | 0.12% |
| SAMSUNG ELECTRONICS CO LTD | 400,000 | KRW | 9,053,752.70 | 24,376,620.59 | 4.52% |
| SAMSUNG ELECTRONICS CO LTD PFD | 69,600 | KRW | 1,152,338.99 | 3,854,034.00 | 0.71% |
| SAMSUNG ENGINEERING CO LTD | 15,000 | KRW | 188,056.67 | 149,532.51 | 0.03% |
| SAMSUNG FIRE & MARINE INSURANCE CO LTD | 3,020 | KRW | 532,641.90 | 426,026.59 | 0.08% |
| SAMSUNG HEAVY INDUSTRIES CO LTD | 40,646 | KRW | 542,904.10 | 215,287.57 | 0.04% |
| SAMSUNG LIFE INSURANCE CO LTD | 6,185 | KRW | 465,710.20 | 368,082.08 | 0.07% |
| SAMSUNG SDI CO LTD | 4,700 | KRW | 563,447.48 | 2,220,680.04 | 0.41% |
| SAMSUNG SDS CO LTD | 2,700 | KRW | 659,128.47 | 362,602.23 | 0.07% |
| SAMSUNG SECURITIES CO LTD | 4,442 | KRW | 140,008.14 | 135,184.09 | 0.03% |
| SEEGENE INC. | 1,150 | KRW | 222,327.44 | 166,987.37 | 0.03% |
| SHINHAN FINANCIAL GROUP CO LTD | 35,748 | KRW | 1,176,593.20 | 862,001.99 | 0.16% |
| SHINPOONG PHARMACEUTICAL CO LTD | 2,700 | KRW | 278,416.41 | 251,891.75 | 0.05% |
| SHINSEGAE CO LTD | 526 | KRW | 77,442.89 | 94,780.66 | 0.02% |
| SK BIOPHARMACEUTICALS CO. | 1,200 | KRW | 170,669.46 | 152,579.59 | 0.03% |
| SK CHEMICALS CO.,LTD. | 600 | KRW | 193,880.50 | 177,181.92 | 0.03% |
| SK ENERGY CO LTD | 5,000 | KRW | 495,033.78 | 714,746.59 | 0.13% |
| SK HLDG CO LTD | 3,347 | KRW | 494,123.39 | 605,618.71 | 0.11% |
| SK HYNIX INC. | 46,300 | KRW | 1,512,709.45 | 4,127,887.28 | 0.77% |
| SK TELECOM CO LTD | 3,058 | KRW | 503,833.84 | 547,574.14 | 0.10% |
| S-OIL CORP. | 2,843 | KRW | 126,383.27 | 148,016.95 | 0.03% |
| WOORI FINANCIAL GROUP INC. | 48,563 | KRW | 517,343.84 | 355,505.92 | 0.07% |
| YUHAN CORP. | 4,170 | KRW | 89,453.60 | 235,615.84 | 0.04% |
| Total SOUTH KOREAN WON |  |  | 44,574,533.26 | 72,781,156.06 | 13.49% |
| AGILITY PUBLIC WAREHOUSING CO | 80,000 | KWD | 140,912.21 | 145,298.23 | 0.03% |
| BOUBYAN BANK | 100,000 | KWD | 155,618.82 | 152,606.13 | 0.03% |
| KUWAIT FINANCE HOUSE (K.S.C.) | 400,000 | KWD | 745,103.41 | 727,565.82 | 0.13% |
| MOBILE TELECOMMUNICATIONS CO K | 180,000 | KWD | 286,481.30 | 293,068.24 | 0.05% |
| NATIONAL BANK OF KUWAIT (S.A.K.) | 540,000 | KWD | 1,240,415.36 | 1,218,699.62 | 0.23% |
| Total KUWAITI DINAR |  |  | 2,568,531.10 | 2,537,238.04 | 0.47% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ALFA S.A.B. DE CV -A- | 360,000 | MXN | 757,754.89 | 212,339.29 | 0.04% |
| --- | --- | --- | --- | --- | --- |
| AMERICA MOVIL S.A.B. DE CV -L- | 2,910,000 | MXN | 2,111,507.93 | 1,729,538.94 | 0.32% |
| ARCA CONTINENTAL A.G.S.A.B. DE CV | 57,300 | MXN | 289,767.47 | 224,876.86 | 0.04% |
| CEMEX SAB DE CV - CPO | 1,165,447 | MXN | 858,638.24 | 490,943.98 | 0.09% |
| COCA-COLA FEMSA S.A.B. DE CV | 66,800 | MXN | 544,348.73 | 250,734.44 | 0.05% |
| FIBRA UNO ADMINISTRACION SAB | 275,000 | MXN | 664,989.45 | 253,795.66 | 0.05% |
| FOMENTO ECONOMICO MEXICANO | 170,000 | MXN | 1,304,216.90 | 1,048,316.54 | 0.19% |
| GRUMA S.A.B. DE CV -B- | 20,000 | MXN | 172,340.36 | 194,365.43 | 0.04% |
| GRUPO AEROPORTUARIO DEL PACIFICO S.A.B. DE CV | 38,500 | MXN | 178,030.27 | 350,797.48 | 0.07% |
| GRUPO AEROPORTUARIO DEL SURESTE S.A.B. DE CV | 22,810 | MXN | 226,604.84 | 308,021.10 | 0.06% |
| GRUPO BIMBO S.A.B. DE CV | 136,700 | MXN | 312,560.71 | 242,450.55 | 0.04% |
| GRUPO FINANCIERO BANORTE S.A.B. DE CV | 208,700 | MXN | 1,043,506.05 | 941,039.05 | 0.17% |
| GRUPO FINANCIERO INBURSA S.A.B. DE CV | 300,200 | MXN | 533,567.53 | 247,007.75 | 0.05% |
| GRUPO MEXICO S.A.B. DE CV | 260,000 | MXN | 657,038.88 | 897,101.50 | 0.17% |
| GRUPO TELEVISA S.A.B. DE CV | 200,000 | MXN | 923,268.34 | 268,582.46 | 0.05% |
| INDUSTRIAS PENOLES S.A.B. DE CV | 11,690 | MXN | 250,701.93 | 161,484.10 | 0.03% |
| INFRAESTRUCTURA ENERGETICA NOVA SAB | 55,000 | MXN | 218,964.07 | 174,994.92 | 0.03% |
| KIMBERLY-CLARK DE MEXICO S.A.B. DE CV | 80,000 | MXN | 181,446.80 | 111,534.73 | 0.02% |
| MEGACABLE HLDG DAB DE CV | 34,000 | MXN | 141,962.83 | 101,359.11 | 0.02% |
| ORBIA ADVANCE CORP. | 80,027 | MXN | 215,054.40 | 153,457.15 | 0.03% |
| PROMOTORA Y OPERADORA INFRAESTRUCTURA S.A.B. DE CV | 17,000 | MXN | 153,213.54 | 122,466.30 | 0.02% |
| WAL-MART DE MEXICO SAB DE CV | 442,000 | MXN | 903,641.75 | 1,014,902.06 | 0.19% |
| Total NEW MEXICAN PESO |  |  | 12,643,125.91 | 9,500,109.40 | 1.76% |
| AMMB HLDG BERHAD | 144,300 | MYR | 180,999.40 | 107,013.77 | 0.02% |
| AXIATA GROUP | 260,017 | MYR | 417,233.40 | 197,584.92 | 0.04% |
| CIMB GROUP HLDG BERHAD | 520,032 | MYR | 727,568.83 | 454,337.91 | 0.08% |
| DIALOG GROUP BERHAD | 350,080 | MYR | 131,270.97 | 245,395.64 | 0.05% |
| DIGI.COM BERHAD | 300,000 | MYR | 356,224.66 | 252,349.27 | 0.05% |
| FRASER & NEAVE HLDG BERHAD | 20,000 | MYR | 155,318.25 | 130,360.14 | 0.02% |
| GAMUDA BERHAD | 211,975 | MYR | 240,335.75 | 167,538.53 | 0.03% |
| GENTING BERHAD | 209,400 | MYR | 487,727.50 | 189,754.46 | 0.04% |
| GENTING MALAYSIA BERHAD | 200,000 | MYR | 195,088.67 | 109,310.71 | 0.02% |
| HAP SENG CONSOLIDATED | 70,000 | MYR | 142,900.78 | 122,314.22 | 0.02% |
| HARTALEGA HLDG BERHAD | 160,000 | MYR | 171,690.60 | 394,656.37 | 0.07% |
| HONG LEONG BANK BERHAD | 57,700 | MYR | 187,832.99 | 213,367.20 | 0.04% |
| HONG LEONG FINANCIAL GROUP BERHAD | 30,000 | MYR | 119,874.82 | 110,082.80 | 0.02% |
| IHH HEALTHCARE BERHAD | 200,000 | MYR | 199,259.14 | 223,497.74 | 0.04% |
| IOI CORP. BERHAD | 150,000 | MYR | 161,557.76 | 133,184.33 | 0.02% |
| KUALA LUMPUR KEPONG BERHAD | 32,474 | MYR | 171,937.29 | 156,242.05 | 0.03% |
| MALAYAN BANKING BERHAD MAYBANK | 315,319 | MYR | 696,163.29 | 542,002.08 | 0.10% |
| MALAYSIA AIRPORTS HLDG BERHAD | 82,800 | MYR | 142,848.12 | 99,593.84 | 0.02% |
| MAXIS BERHAD | 196,700 | MYR | 314,311.25 | 201,825.57 | 0.04% |
| MISC BERHAD | 130,200 | MYR | 195,250.02 | 181,739.02 | 0.03% |
| NESTLE (MALAYSIA) BERHAD | 7,500 | MYR | 212,278.03 | 211,662.52 | 0.04% |
| PETRONAS CHEMICALS GROUP BERHAD | 200,000 | MYR | 307,165.12 | 301,925.13 | 0.06% |
| PETRONAS DAGANGAN BERHAD PDB | 29,000 | MYR | 175,217.26 | 126,093.36 | 0.02% |
| PETRONAS GAS BERHAD | 57,600 | MYR | 261,392.17 | 201,060.19 | 0.04% |
| PPB GROUP BERHAD | 55,000 | MYR | 179,446.58 | 206,958.91 | 0.04% |
| PRESS METAL ALUMINIUM HLDG BERHAD | 110,000 | MYR | 116,101.01 | 187,514.60 | 0.03% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| PUBLIC BANK BERHAD | 245,080 | MYR | 1,053,886.86 | 1,025,783.11 | 0.19% |
| --- | --- | --- | --- | --- | --- |
| QL RESOURCES BERHAD | 100,000 | MYR | 133,196.59 | 117,844.26 | 0.02% |
| RHB BANK BERHAD | 160,000 | MYR | 177,271.65 | 177,172.75 | 0.03% |
| SIME DARBY BERHAD (MALAYSIA) | 350,000 | MYR | 267,326.67 | 164,270.84 | 0.03% |
| SIME DARBY PLANTATION | 200,000 | MYR | 226,990.03 | 202,773.40 | 0.04% |
| SUPERMAX CORP. BERHAD | 120,000 | MYR | 263,283.61 | 146,533.25 | 0.03% |
| TELEKOM MALAYSIA BERHAD | 89,500 | MYR | 114,920.03 | 98,378.63 | 0.02% |
| TENAGA NASIONAL BERHAD | 188,000 | MYR | 433,015.15 | 398,021.03 | 0.07% |
| TOP GLOVE CORP. BERHAD | 455,000 | MYR | 278,121.47 | 565,774.37 | 0.10% |
| Total MALAYSIAN RINGGIT |  |  | 9,595,005.72 | 8,363,916.92 | 1.55% |
| ABOITIZ EQUITY VENTURES INC. | 210,470 | PHP | 182,257.95 | 169,245.26 | 0.03% |
| ABOITIZ POWER CORP. | 139,300 | PHP | 79,815.69 | 62,941.94 | 0.01% |
| AYALA CORP. | 20,380 | PHP | 292,819.93 | 286,836.35 | 0.05% |
| AYALA LAND INC. | 730,000 | PHP | 425,645.55 | 508,125.12 | 0.09% |
| BANK OF THE PHILIPPINE ISLANDS | 131,114 | PHP | 190,904.69 | 181,522.77 | 0.03% |
| BDO UNIBANK INC. | 140,004 | PHP | 220,744.26 | 254,469.77 | 0.05% |
| GLOBE TELECOM INC. | 3,000 | PHP | 103,730.31 | 103,643.43 | 0.02% |
| GT CAPITAL HLDG INC. | 9,225 | PHP | 187,833.74 | 91,843.14 | 0.02% |
| INTERNATIONAL CONTAINER TERMINAL SERVICES | 72,650 | PHP | 122,164.88 | 152,695.79 | 0.03% |
| JG SUMMIT HLDG INC. | 315,000 | PHP | 221,026.90 | 383,838.09 | 0.07% |
| JOLLIBEE FOODS CORP. | 35,000 | PHP | 107,999.42 | 116,271.25 | 0.02% |
| MANILA ELECTRIC CO MER | 15,000 | PHP | 78,004.91 | 74,541.58 | 0.01% |
| METRO PACIFIC INVESTMENTS CORP. | 2,123,000 | PHP | 181,944.23 | 154,638.72 | 0.03% |
| METROPOLITAN BANK - TRUST CO MBTC | 158,200 | PHP | 188,102.75 | 132,059.60 | 0.02% |
| PLDT INC. | 7,000 | PHP | 390,051.11 | 159,634.71 | 0.03% |
| SM INVESTMENTS CORP. | 21,900 | PHP | 205,084.07 | 390,970.60 | 0.07% |
| SM PRIME HLDG INC. | 770,800 | PHP | 221,207.36 | 505,041.34 | 0.09% |
| UNIVERSAL ROBINA CORP. | 89,850 | PHP | 215,066.54 | 233,191.34 | 0.04% |
| Total PHILIPPINE PESO |  |  | 3,614,404.29 | 3,961,510.80 | 0.73% |
| ALLEGRO.EU S.A. | 21,000 | PLN | 393,207.12 | 390,155.63 | 0.07% |
| BANK PEKAO S.A. | 16,279 | PLN | 678,723.22 | 218,174.56 | 0.04% |
| CD PROJEKT S.A. | 6,300 | PLN | 146,728.22 | 379,607.15 | 0.07% |
| CYFROWY POLSAT S.A. | 33,439 | PLN | 163,585.58 | 222,097.83 | 0.04% |
| DINO POLSKA SPOLKA AKCYJNA BEARER | 4,000 | PLN | 92,872.35 | 253,918.12 | 0.05% |
| KGHM POLSKA MIEDZ S.A. | 12,000 | PLN | 348,146.59 | 481,689.86 | 0.09% |
| LPP S.A. | 150 | PLN | 271,364.16 | 272,595.66 | 0.05% |
| PGE POLSKA GRUPA ENERGETYCZNA S.A. | 87,349 | PLN | 388,050.47 | 124,539.31 | 0.02% |
| PKO BANK POLSKI S.A. | 80,000 | PLN | 702,651.89 | 503,975.70 | 0.09% |
| POLISH OIL & GAS CO | 132,601 | PLN | 176,707.78 | 161,193.86 | 0.03% |
| POLSKI KONCERN NAFTOWY ORLEN S.A. | 31,052 | PLN | 341,775.04 | 393,143.47 | 0.07% |
| POWSZECHNY ZAKLAD UBEZPIECZEN S.A. | 60,000 | PLN | 630,715.26 | 425,887.54 | 0.08% |
| Total POLISH ZLOTY |  |  | 4,334,527.68 | 3,826,978.69 | 0.71% |
| BARWA REAL ESTATE CO | 220,000 | QAR | 208,610.76 | 167,952.50 | 0.03% |
| COMMERCIAL BANK OF QATAR | 188,700 | QAR | 213,348.31 | 186,372.46 | 0.03% |
| INDUSTRIES QATAR Q.S.C. | 145,000 | QAR | 502,624.80 | 353,797.46 | 0.07% |
| MASRAF AL RAYAN | 270,000 | QAR | 311,945.35 | 274,548.54 | 0.05% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| MESAIEED PETROCHEMICAL HLDG COMP | 350,000 | QAR | 225,302.17 | 160,821.11 | 0.03% |
| --- | --- | --- | --- | --- | --- |
| OOREDOO Q.P.S.C | 80,000 | QAR | 213,324.81 | 135,040.80 | 0.03% |
| QATAR ELECTRICITY & WATER | 44,270 | QAR | 212,971.06 | 177,380.11 | 0.03% |
| QATAR FUEL Q.S.C. | 50,000 | QAR | 253,819.25 | 209,654.43 | 0.04% |
| QATAR INTERNATIONAL ISLAMIC BANK | 80,000 | QAR | 193,143.70 | 162,551.77 | 0.03% |
| QATAR ISLAMIC BANK | 100,000 | QAR | 283,819.03 | 384,067.16 | 0.07% |
| QATAR NATIONAL BANK | 376,000 | QAR | 1,384,414.03 | 1,504,860.89 | 0.28% |
| Total QATARI RIYAL |  |  | 4,003,323.27 | 3,717,047.23 | 0.69% |
| ADVANCED INFO SERVICE -FOREIGN- | 100,000 | THB | 575,151.90 | 480,119.38 | 0.09% |
| AIRPORTS OF THAILAND PUBLIC CO LTD | 344,100 | THB | 220,525.50 | 584,333.24 | 0.11% |
| ASSET WORLD CORP. PCL -FOREIGN- | 800,000 | THB | 107,665.79 | 99,515.65 | 0.02% |
| BANGKOK BANK PUBLIC CO LTD -FOREIGN- | 47,000 | THB | 228,512.20 | 151,933.23 | 0.03% |
| BANGKOK COMMERCIAL AM -FOREIGN- | 150,000 | THB | 100,510.79 | 89,613.19 | 0.02% |
| BANGKOK DUSIT MEDICAL SERVICES -FOREIGN- | 887,700 | THB | 510,244.97 | 503,693.24 | 0.09% |
| BANGKOK EXPRESSWAY METRO-FOREIGN | 750,000 | THB | 133,569.41 | 169,814.95 | 0.03% |
| BERLI JUCKER PUBLIC CO LTD FORGN | 100,000 | THB | 127,263.46 | 94,796.30 | 0.02% |
| BTS GROUP HLDG PUBLIC CO -FOREIGN- | 850,000 | THB | 210,760.56 | 215,644.53 | 0.04% |
| BUMRUNGRAD HOSPITAL PUBLIC -FOREIGN- | 40,000 | THB | 219,040.87 | 130,941.65 | 0.02% |
| C.P. ALL PUBLIC CO LTD FOREIGN -R- | 555,700 | THB | 689,226.47 | 883,024.78 | 0.16% |
| CENTRAL PATTANA PUBLIC CO LTD -FOREIGN | 250,000 | THB | 357,719.63 | 325,649.15 | 0.06% |
| CHAROEN POKPHAND FOODS -FOREIGN- | 288,300 | THB | 179,684.19 | 210,380.26 | 0.04% |
| DELTA ELECTRONICS PUBLIC -FOREIGN- | 25,000 | THB | 235,766.05 | 331,446.05 | 0.06% |
| ELECTRICITY GENERATING PUBLIC -FOREIGN- | 30,000 | THB | 241,670.98 | 157,539.17 | 0.03% |
| ENERGY ABSOLUTE PUBLIC LTD -FOREIGN- | 250,000 | THB | 370,155.18 | 335,878.97 | 0.06% |
| GLOBAL POWER SYNERGY PCL -FOREIGN- | 50,000 | THB | 131,215.84 | 100,593.19 | 0.02% |
| GULF ENERGY DEVELOPMENT -FOREIGN- | 123,100 | THB | 74,144.18 | 115,015.19 | 0.02% |
| HOME PRODUCT CENTER PUBLIC-FOREIGN- | 500,058 | THB | 97,997.56 | 186,886.32 | 0.03% |
| INTOUCH HLDG PUBLIC CO LTD -FOREIGN- | 250,000 | THB | 398,223.82 | 383,618.11 | 0.07% |
| KASIKORNBANK PCL -FOREIGN- | 160,000 | THB | 758,385.18 | 497,578.26 | 0.09% |
| KRUNGTHAI BANK PUBLIC CO LIMI | 339,100 | THB | 162,571.19 | 102,680.35 | 0.02% |
| KRUNGTHAI CARD PUBLIC COMP FOREIGN | 100,000 | THB | 109,312.58 | 162,313.08 | 0.03% |
| LAND & HOUSE PUBLIC -FOREIGN- | 500,000 | THB | 160,651.41 | 108,436.05 | 0.02% |
| MINOR INTERNATIONAL PUBLIC -FOREIGN- | 351,500 | THB | 313,130.92 | 246,910.25 | 0.05% |
| PTT EXPLORATION PROD PUB -FOREIGN- | 120,000 | THB | 436,059.37 | 321,625.42 | 0.06% |
| PTT GLOBAL CHEMICAL PUBLIC PLC -FOREIGN- | 250,000 | THB | 415,100.34 | 398,962.83 | 0.07% |
| PTT PUBLIC CO LTD -FOREIGN- | 950,000 | THB | 830,597.02 | 1,101,410.21 | 0.20% |
| SIAM CEMENT PUBLIC CO LTD FOREIGN | 66,400 | THB | 696,412.34 | 684,693.88 | 0.13% |
| SIAM COMMERCIAL BANK -F- FOREIGN -REG- | 100,000 | THB | 379,354.95 | 238,695.71 | 0.04% |
| THAI OIL PUBLIC CO LTD -FOREIGN- | 116,700 | THB | 111,403.07 | 165,542.98 | 0.03% |
| THAI UNION GROUP PCL -FOREIGN- | 300,000 | THB | 128,615.61 | 111,300.40 | 0.02% |
| TRUE CORP. PCL -FOREIGN | 1,000,011 | THB | 119,760.76 | 93,842.55 | 0.02% |
| Total THAI BAHT |  |  | 9,830,404.09 | 9,784,428.52 | 1.81% |
| AKBANK T.A.S. | 300,000 | TRY | 532,048.70 | 228,611.01 | 0.04% |
| ASELSAN ELEKTRONIK SANAYI | 80,000 | TRY | 145,573.49 | 160,544.53 | 0.03% |
| BIM BIRLESIK MAGAZALAR AS | 36,748 | TRY | 296,004.77 | 305,086.73 | 0.06% |
| EREGLI DEMIR VE CELIK FABRIKALARI | 137,588 | TRY | 131,443.66 | 225,882.73 | 0.04% |
| FORD OTOMOTIV SANAYI AS | 2,700 | TRY | 24,595.89 | 37,409.08 | 0.01% |
| HACI OMER SABANCI HLDG AS | 121,348 | TRY | 433,291.19 | 152,918.46 | 0.03% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| KOC HLDG AS | 85,300 | TRY | 306,687.69 | 198,100.52 | 0.04% |
| --- | --- | --- | --- | --- | --- |
| TUPRAS TURKIYE PETROL RAFINELERI AS | 15,272 | TRY | 237,965.77 | 181,368.70 | 0.03% |
| TURKCELL ILETISIM HIZMET | 100,000 | TRY | 443,254.71 | 177,038.83 | 0.03% |
| TURK HAVA YOLLARI AO | 41,000 | TRY | 116,670.23 | 58,203.99 | 0.01% |
| TURKIYE GARANTI BANKASI AS | 200,000 | TRY | 585,260.19 | 228,061.20 | 0.04% |
| TURKIYE IS BANKASI AS | 118,176 | TRY | 241,832.13 | 90,964.09 | 0.02% |
| Total TURKISH LIRA |  |  | 3,494,628.42 | 2,044,189.87 | 0.38% |
| ACCTON TECHNOLOGY CORP. | 40,000 | TWD | 202,468.33 | 367,663.10 | 0.07% |
| ACER INC. | 195,756 | TWD | 101,515.65 | 134,663.28 | 0.02% |
| ADVANTECH CO LTD | 33,612 | TWD | 117,398.52 | 342,188.47 | 0.06% |
| AIRTAC INTERNATIONAL GROUP | 10,000 | TWD | 131,471.51 | 261,785.43 | 0.05% |
| ASE INDUSTRIAL HLDG CO LTD | 250,837 | TWD | 429,357.24 | 593,178.11 | 0.11% |
| ASIA CEMENT CORP. | 196,060 | TWD | 186,015.44 | 246,363.13 | 0.05% |
| ASUSTEK COMPUTER INC. | 57,000 | TWD | 379,470.98 | 415,322.59 | 0.08% |
| AU OPTRONICS CORP. | 675,000 | TWD | 193,586.07 | 274,874.71 | 0.05% |
| CATCHER TECHNOLOGY CO LTD | 66,000 | TWD | 287,168.56 | 395,470.53 | 0.07% |
| CATHAY FINANCIAL HLDG LTD | 635,102 | TWD | 670,773.37 | 780,500.46 | 0.14% |
| CHAILEASE HLDG CO LTD | 100,471 | TWD | 196,701.22 | 490,967.76 | 0.09% |
| CHANG HWA COMMERCIAL BANK | 375,623 | TWD | 158,774.15 | 196,118.97 | 0.04% |
| CHENG SHIN RUBBER INDUSTRY CO LTD | 173,000 | TWD | 334,170.04 | 221,663.91 | 0.04% |
| CHICONY ELECTRONICS CO LTD | 56,812 | TWD | 115,067.09 | 142,446.02 | 0.03% |
| CHIMEI INNOLUX CORP. | 800,626 | TWD | 292,597.83 | 328,361.15 | 0.06% |
| CHINA DEVELOPMENT FINANCIAL | 1,146,000 | TWD | 268,159.54 | 310,006.31 | 0.06% |
| CHINA LIFE INSURANCE CO LTD | 297,851 | TWD | 140,861.38 | 192,333.53 | 0.04% |
| CHINA STEEL CORP. | 1,000,280 | TWD | 645,553.92 | 720,111.52 | 0.13% |
| CHUNGHWA TELECOM CO LTD | 319,000 | TWD | 817,710.00 | 1,011,393.48 | 0.19% |
| COMPAL ELECTRONICS INC. | 410,000 | TWD | 212,243.06 | 246,863.67 | 0.05% |
| CTBC FINANCIAL HLDG | 1,400,217 | TWD | 625,651.29 | 802,351.27 | 0.15% |
| DELTA ELECTRONICS INC. | 158,000 | TWD | 635,586.26 | 1,208,692.44 | 0.22% |
| E.SUN FINANCIAL HLDG CO LTD | 922,362 | TWD | 319,629.36 | 685,480.77 | 0.13% |
| ECLAT TEXTILE CO LTD | 20,702 | TWD | 141,467.60 | 254,414.58 | 0.05% |
| EVERGREEN MARINE CORP. TAIWAN LTD | 231,303 | TWD | 95,082.51 | 273,828.50 | 0.05% |
| FAR EASTERN NEW CENTURY CORP. | 282,159 | TWD | 214,015.03 | 237,599.46 | 0.04% |
| FAR EASTONE TELECOMMUNICATION | 140,000 | TWD | 209,510.94 | 249,219.73 | 0.05% |
| FENG TAY ENTERPRISE CO LTD | 37,920 | TWD | 110,096.54 | 220,046.37 | 0.04% |
| FIRST FINANCIAL HLDG CO | 927,212 | TWD | 399,083.14 | 575,810.92 | 0.11% |
| FORMOSA CHEMICALS & FIBRE CORP. | 282,000 | TWD | 604,573.01 | 694,761.09 | 0.13% |
| FORMOSA PETROCHEMICAL CORP. | 85,000 | TWD | 210,769.28 | 246,747.32 | 0.05% |
| FORMOSA PLASTICS CORP. | 350,000 | TWD | 715,730.62 | 981,404.51 | 0.18% |
| FOXCONN TECHNOLOGY CO LTD | 83,887 | TWD | 149,415.12 | 130,298.34 | 0.02% |
| FUBON FINANCIAL HLDG CO LTD | 528,000 | TWD | 625,472.02 | 717,990.19 | 0.13% |
| GIANT MANUFACTURE CO LTD | 19,000 | TWD | 89,507.31 | 151,980.99 | 0.03% |
| GLOBALWAFERS CO LTD | 20,000 | TWD | 240,651.61 | 411,875.75 | 0.08% |
| HIWIN TECHNOLOGIES CORP. | 23,259 | TWD | 257,145.86 | 260,129.95 | 0.05% |
| HON HAI PRECISION INDUSTRY CO LTD | 1,040,760 | TWD | 2,262,137.43 | 2,785,103.83 | 0.52% |
| HOTAI MOTOR CO LTD | 23,500 | TWD | 215,025.42 | 439,523.20 | 0.08% |
| HUA NAN FINANCIAL HLDG CO LTD | 600,418 | TWD | 248,839.50 | 318,727.50 | 0.06% |
| INVENTEC CORP. | 262,000 | TWD | 177,453.85 | 182,900.76 | 0.03% |
| LARGAN PRECISION CO LTD | 9,000 | TWD | 278,834.70 | 836,404.46 | 0.16% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| LITE-ON TECHNOLOGY CORP. | 172,106 | TWD | 218,827.76 | 249,303.47 | 0.05% |
| --- | --- | --- | --- | --- | --- |
| MEDIA TEK INCORPORATION | 126,086 | TWD | 1,170,512.90 | 2,739,620.70 | 0.51% |
| MEGA FINANCIAL HLDG CO | 900,625 | TWD | 609,604.89 | 780,662.35 | 0.14% |
| MICRO-STAR INTERNATIONAL CO LTD | 70,000 | TWD | 171,841.21 | 269,784.43 | 0.05% |
| NAN YA PLASTICS CORP. | 430,000 | TWD | 725,837.90 | 899,291.14 | 0.17% |
| NANYA TECHNOLOGY CORP. -REG- | 94,000 | TWD | 211,711.72 | 237,328.86 | 0.04% |
| NIEN MADE ENTERPRISE CO LTD | 12,000 | TWD | 88,570.62 | 113,789.40 | 0.02% |
| NOVATEK MICROELECTRONICS CORP. | 46,000 | TWD | 168,539.97 | 493,727.33 | 0.09% |
| PEGATRON CORP. | 189,000 | TWD | 325,122.76 | 369,981.36 | 0.07% |
| PHISON ELECTRONICS CORP. | 16,000 | TWD | 182,492.80 | 154,744.28 | 0.03% |
| POU CHEN CORP. | 200,000 | TWD | 180,585.36 | 182,668.06 | 0.03% |
| POWERTECH TECHNOLOGY INC. | 60,000 | TWD | 122,997.12 | 165,622.92 | 0.03% |
| PRESIDENT CHAIN STORE CORP. | 59,000 | TWD | 378,791.44 | 457,353.70 | 0.08% |
| QUANTA COMPUTER INC. | 230,000 | TWD | 357,716.55 | 541,226.84 | 0.10% |
| REALTEK SEMICONDUCTOR CORP. | 37,000 | TWD | 111,905.96 | 420,267.43 | 0.08% |
| RUENTEX DEVELOPMENT CO LTD | 75,720 | TWD | 99,456.32 | 90,081.76 | 0.02% |
| SHIN KONG FINANCIAL HLDG CO LTD | 875,505 | TWD | 192,522.01 | 224,355.91 | 0.04% |
| SILERGY CORP. | 7,000 | TWD | 348,724.30 | 490,702.25 | 0.09% |
| SINOPAC FINANCIAL HLDG CO LTD | 800,683 | TWD | 212,257.79 | 266,666.87 | 0.05% |
| SYNNEX TECHNOLOGY INTERNATIONAL | 120,000 | TWD | 132,812.12 | 164,052.21 | 0.03% |
| TAISHIN FINANCIAL | 989,122 | TWD | 295,445.54 | 381,213.88 | 0.07% |
| TAIWAN BUSINESS BANK | 658,828 | TWD | 154,607.25 | 186,460.94 | 0.03% |
| TAIWAN CEMENT CORP. | 452,075 | TWD | 408,292.81 | 568,063.92 | 0.11% |
| TAIWAN COOPERATIVE FINANCIAL HLDG | 824,123 | TWD | 318,212.62 | 487,819.79 | 0.09% |
| TAIWAN HIGH SPEED RAIL CORP. | 100,000 | TWD | 87,299.91 | 92,206.65 | 0.02% |
| TAIWAN MOBILE CO LTD | 151,000 | TWD | 404,624.90 | 434,386.39 | 0.08% |
| TAIWAN SEMICONDUCTOR MANUFACTURING | 2,060,000 | TWD | 8,420,135.05 | 31,757,481.97 | 5.89% |
| THE SHANGHAI COMMERCIAL & SAVINGS | 286,811 | TWD | 374,717.21 | 342,878.77 | 0.06% |
| UNIMICRON TECHNOLOGY CORP. | 100,000 | TWD | 263,993.64 | 254,222.74 | 0.05% |
| UNI-PRESIDENT ENTERPRISES CORP. | 420,427 | TWD | 584,785.81 | 825,462.49 | 0.15% |
| UNITED MICROELECTRONICS CORP. | 970,000 | TWD | 386,368.68 | 1,330,320.86 | 0.25% |
| VANGUARD INTERNATIONAL SEMI | 66,000 | TWD | 93,322.69 | 222,692.14 | 0.04% |
| WALSIN TECHNOLOGY CORP. LTD | 30,000 | TWD | 333,086.92 | 201,138.48 | 0.04% |
| WINBOND ELECTRONICS CORP. | 276,000 | TWD | 190,562.34 | 233,215.92 | 0.04% |
| WIN SEMICONDUCTORS CORP. | 30,000 | TWD | 261,145.81 | 301,925.87 | 0.06% |
| WISTRON CORP. | 281,689 | TWD | 196,745.02 | 254,000.49 | 0.05% |
| WIWYNN CORP. | 9,000 | TWD | 204,577.60 | 184,296.95 | 0.03% |
| WPG HLDG CO LTD | 150,040 | TWD | 143,065.92 | 187,226.50 | 0.03% |
| YAGEO CORP. | 28,754 | TWD | 216,131.05 | 433,242.45 | 0.08% |
| YUANTA FINANCIAL HLDG | 743,732 | TWD | 284,471.49 | 444,560.90 | 0.08% |
| ZHEN DING TECHNOLOGY HLDG LTD | 50,000 | TWD | 131,308.55 | 165,797.44 | 0.03% |
| Total TAIWAN DOLLAR |  |  | 34,470,474.61 | 68,937,414.87 | 12.78% |
| 51 JOB INC. -ADR- | 2,200 | USD | 201,575.89 | 125,863.27 | 0.02% |
| ALIBABA GROUP HLDG LTD -ADR- | 159,000 | USD | 18,929,679.30 | 30,243,202.16 | 5.61% |
| AUTOHOME INC. -ADR- | 4,800 | USD | 197,071.34 | 390,810.35 | 0.07% |
| BAIDU INC. -ADR- | 23,000 | USD | 4,062,975.39 | 4,064,827.76 | 0.75% |
| BAOZUN INC. -A -ADR- | 5,000 | USD | 243,138.26 | 140,370.23 | 0.03% |
| BEIGENE LTD | 4,000 | USD | 855,973.56 | 844,722.32 | 0.16% |
| BILIBILI INC. -ADR- | 9,000 | USD | 287,608.82 | 630,525.93 | 0.12% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BUENAVENTURA -SP ADR- -B- | 20,000 | USD | 162,280.54 | 199,256.26 | 0.04% |
| --- | --- | --- | --- | --- | --- |
| CREDICORP LTD | 5,500 | USD | 606,091.81 | 737,289.04 | 0.14% |
| GAZPROM -SP ADR- | 540,000 | USD | 3,348,121.89 | 2,471,496.87 | 0.46% |
| GDS HLDG LTD -A- | 7,600 | USD | 364,215.98 | 581,265.99 | 0.11% |
| GLOBANT S.A. | 3,500 | USD | 290,363.66 | 622,479.67 | 0.12% |
| GSX TECHEDU INC. -A- -ADR- | 7,000 | USD | 198,561.80 | 295,835.89 | 0.05% |
| HUAZHU GROUP LTD -ADR- | 15,800 | USD | 601,348.43 | 581,483.39 | 0.11% |
| HUTCHISON CHINA MEDITECH LTD -ADR- | 7,000 | USD | 155,679.46 | 183,188.26 | 0.03% |
| IQIYI INC. -SPONSORED ADR - | 22,000 | USD | 447,528.41 | 314,298.56 | 0.06% |
| JD.COM INC. -ADR- | 73,200 | USD | 2,090,529.27 | 5,258,698.05 | 0.97% |
| KE HLDG INC. | 9,000 | USD | 391,374.80 | 452,666.42 | 0.08% |
| KINGSOFT CLOUD HLDG LTD | 5,000 | USD | 169,191.39 | 177,965.76 | 0.03% |
| LUFAX HLDG LTD | 14,000 | USD | 212,536.14 | 162,478.04 | 0.03% |
| MAGNIT P.J.S.C. DR | 32,049 | USD | 1,395,691.38 | 461,004.78 | 0.09% |
| MMC NORILSK NICKEL PSCR -ADR- | 55,000 | USD | 691,705.24 | 1,402,476.40 | 0.26% |
| MOBILE TELESYSTEMS -SPONSORED ADR - | 40,000 | USD | 590,114.88 | 292,591.23 | 0.05% |
| MOMO INC. -A-SPONSORED ADR - | 15,000 | USD | 489,091.15 | 171,141.35 | 0.03% |
| NETEASE INC. -ADR- | 34,500 | USD | 1,370,840.62 | 2,700,392.30 | 0.50% |
| NEW ORIENTAL EDUCATION & TECHNO -ADR- | 12,800 | USD | 589,656.51 | 1,943,825.75 | 0.36% |
| NIO INC. -ADR- | 100,000 | USD | 979,955.30 | 3,983,490.66 | 0.74% |
| NOAH HLDG LTD -ADR- | 3,600 | USD | 185,634.44 | 140,669.36 | 0.03% |
| NOVATEK OAO -GDR- | 6,179 | USD | 632,042.53 | 825,179.68 | 0.15% |
| NOVOLIPETSK STEEL -GDR- | 16,000 | USD | 332,798.32 | 362,747.74 | 0.07% |
| OIL CO LUKOIL P.J.S.C. -ADR- | 30,000 | USD | 1,436,597.81 | 1,676,106.41 | 0.31% |
| PHOSAGRO P.J.S.C. -GDR- | 15,000 | USD | 200,989.99 | 167,218.34 | 0.03% |
| PINDUODUO INC. -ADR- | 32,500 | USD | 1,878,322.39 | 4,719,279.96 | 0.87% |
| POLYUS P.J.S.C. GDR | 5,300 | USD | 236,688.43 | 436,631.11 | 0.08% |
| ROSNEFT OIL CO OJSC REG-S DR | 181,800 | USD | 1,015,405.16 | 838,013.98 | 0.16% |
| SBERBANK OF RUSSIA OJSC -ADR- | 270,000 | USD | 2,484,742.39 | 3,204,119.16 | 0.59% |
| SEVERSTAL CHEREPOVETS METAL FACT DR | 18,000 | USD | 214,360.42 | 258,477.38 | 0.05% |
| SINA CORP. | 6,000 | USD | 390,968.85 | 207,821.50 | 0.04% |
| SOUTHERN COPPER CORP. | 9,000 | USD | 192,896.78 | 478,999.63 | 0.09% |
| SURGUTNEFTEGAZ P.J.S.C. -ADR- | 110,000 | USD | 471,332.86 | 415,168.98 | 0.08% |
| TAL EDUCATION GROUP -A -ADR- | 32,000 | USD | 853,678.70 | 1,870,230.07 | 0.35% |
| TATNEFT P.J.S.C. -ADR- | 18,000 | USD | 542,461.17 | 600,220.67 | 0.11% |
| TELECOM ARGENTINA -SPONSORED ADR - | 10,000 | USD | 159,201.96 | 53,614.48 | 0.01% |
| TENCENT MUSIC ENTERTAINMENT A-ADR | 28,000 | USD | 362,454.84 | 440,292.59 | 0.08% |
| TRIP COM GROUP LTD-ADR | 39,700 | USD | 1,666,788.41 | 1,094,422.79 | 0.20% |
| VIPSHOP HLDG LTD -ADR- | 41,300 | USD | 560,520.09 | 948,831.68 | 0.18% |
| VNESHTORGBANK GDR REG -S- | 235,000 | USD | 449,984.80 | 183,325.16 | 0.03% |
| WEIBO CORP. -ADR- | 6,340 | USD | 380,819.42 | 212,395.57 | 0.04% |
| X5 RETAIL GROUP SP GDR-S | 9,000 | USD | 220,107.64 | 265,685.91 | 0.05% |
| XPENG INC. -A -ADR- | 10,000 | USD | 187,755.45 | 350,046.99 | 0.06% |
| YANDEX N.V. CLASS -A- | 26,000 | USD | 1,478,608.65 | 1,478,550.12 | 0.27% |
| YUM CHINA HLDG INC. | 33,500 | USD | 878,706.08 | 1,563,086.92 | 0.29% |
| YY INC -A- SPD -ADR- | 5,700 | USD | 342,004.56 | 372,592.87 | 0.07% |
| ZAI LAB LTD -ADR- | 5,400 | USD | 321,601.35 | 597,307.83 | 0.11% |
| ZTO EXPRESS CAYMAN -ADR- | 33,200 | USD | 641,686.20 | 791,232.07 | 0.15% |
| Total U.S. DOLLAR |  |  | 58,642,060.91 | 83,985,915.64 | 15.57% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ABSA GROUP LTD | 57,544 | ZAR | 600,662.46 | 383,766.48 | 0.07% |
| --- | --- | --- | --- | --- | --- |
| ANGLO AMERICAN PLATINUM LTD | 5,510 | ZAR | 175,810.86 | 442,441.43 | 0.08% |
| ANGLOGOLD ASHANTI LTD -ADR- | 35,000 | ZAR | 407,218.73 | 667,032.04 | 0.12% |
| ASPEN PHARMACARE HLDG PLC | 30,000 | ZAR | 509,442.93 | 209,270.30 | 0.04% |
| BID CORP. LTD | 28,701 | ZAR | 154,466.57 | 420,044.24 | 0.08% |
| BIDVEST GROUP LTD | 22,832 | ZAR | 386,549.18 | 199,476.46 | 0.04% |
| CAPITEC BANK HLDG LTD | 6,300 | ZAR | 249,323.60 | 502,196.14 | 0.09% |
| CLICKS GROUP LTD | 18,000 | ZAR | 237,860.32 | 253,057.32 | 0.05% |
| DISCOVERY HLDG LTD | 34,500 | ZAR | 283,744.73 | 294,736.11 | 0.05% |
| EXXARO RESOURCES LTD | 30,000 | ZAR | 264,983.09 | 231,854.87 | 0.04% |
| FIRSTRAND LTD | 400,000 | ZAR | 839,046.95 | 1,135,960.87 | 0.21% |
| GOLD FIELDS LTD | 82,000 | ZAR | 256,879.66 | 627,668.46 | 0.12% |
| GROWTHPOINT PROPERTIES LTD | 345,547 | ZAR | 644,591.56 | 241,676.89 | 0.04% |
| HARMONY GOLD MINING -SOUTH AFRICA- | 50,000 | ZAR | 252,378.97 | 199,193.77 | 0.04% |
| IMPALA PLATINIUM HLDG LTD | 65,000 | ZAR | 472,437.61 | 730,200.95 | 0.14% |
| KUMBA IRON ORE LTD | 6,000 | ZAR | 112,094.09 | 207,921.57 | 0.04% |
| MR. PRICE GROUP LTD | 24,281 | ZAR | 294,095.89 | 230,550.24 | 0.04% |
| MTN GROUP N.V. | 150,000 | ZAR | 1,894,401.58 | 502,352.21 | 0.09% |
| MULTICHOICE GROUP LTD | 40,000 | ZAR | 100,917.44 | 298,234.24 | 0.06% |
| NASPERS -N- | 36,000 | ZAR | 3,612,499.15 | 6,047,956.73 | 1.12% |
| NEDBANK GROUP | 30,006 | ZAR | 277,828.07 | 216,174.03 | 0.04% |
| NORTHAM PLATINUM LTD | 30,000 | ZAR | 236,174.99 | 349,751.98 | 0.06% |
| OLD MUTUAL LTD | 500,000 | ZAR | 902,912.37 | 330,784.06 | 0.06% |
| SANLAM LTD | 143,000 | ZAR | 587,323.21 | 467,451.57 | 0.09% |
| SASOL LTD | 49,000 | ZAR | 1,782,784.01 | 365,146.10 | 0.07% |
| SHOPRITE HLDG LTD | 38,274 | ZAR | 469,155.32 | 298,142.99 | 0.06% |
| SIBANYE STILLWATER LTD | 200,000 | ZAR | 351,898.95 | 667,688.60 | 0.12% |
| SPAR GROUP LTD | 15,000 | ZAR | 136,248.95 | 158,192.12 | 0.03% |
| STANDARD BANK GROUP | 106,000 | ZAR | 1,014,622.78 | 749,507.16 | 0.14% |
| TIGER BRANDS LTD | 17,983 | ZAR | 411,417.38 | 208,302.20 | 0.04% |
| VODACOM GROUP LTD | 45,000 | ZAR | 449,229.70 | 311,451.69 | 0.06% |
| WOOLWORTHS HLDG LTD | 60,670 | ZAR | 312,317.70 | 133,476.06 | 0.02% |
| Total SOUTH AFRICAN RAND |  |  | 18,681,318.80 | 18,081,659.88 | 3.35% |
| Total Shares & Related Securities |  |  | 377,630,426.83 | 498,697,448.69 | 92.44% |
| Bonds |  |  |  |  |  |
| BRITANNIA INDUSTRIES LTD 8,00 19-280822 | 6,800 | INR | 0.00 | 79.81 | 0.00% |
| Total INDIAN RUPEE |  |  | 0.00 | 79.81 | 0.00% |
| Total Bonds |  |  | 0.00 | 79.81 | 0.00% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 377,630,426.83 | 498,697,528.50 | 92.44% |
| Investment funds |  |  |  |  |  |
| ISHARES MSCI SAUDI ARABIA CAP USD UCITS ETF | 3,600,000 | EUR | 14,384,625.93 | 13,258,800.00 | 2.46% |
| Total EURO |  |  | 14,384,625.93 | 13,258,800.00 | 2.46% |

Emerging MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ISHARES MSCI CHINA -A- -CAP- UCITS ETF | 5,100,000 | USD | 18,951,919.50 | 26,197,131.30 | 4.86% |
| --- | --- | --- | --- | --- | --- |
| Total U.S. DOLLAR |  |  | 18,951,919.50 | 26,197,131.30 | 4.86% |
| Total Investment funds |  |  | 33,336,545.43 | 39,455,931.30 | 7.31% |
| Other Transferable Securities |  |  |  |  |  |
| CHINA HUISHAN DAIRY HLDG DELISTED | 700,000 | HKD | 147,828.04 | 30,988.96 | 0.01% |
| KINGSOFT CORP. LTD | 73,000 | HKD | 167,183.53 | 384,726.87 | 0.07% |
| LEGEND HLDG LTD -H-DSO-20190509 | 65,000 | HKD | 0.00 | 0.00 | 0.00% |
| Total HONG KONG DOLLAR |  |  | 315,011.57 | 415,715.83 | 0.08% |
| CELLTRION HEALTHCARE -DVSE-20201229 | 5,358 | KRW | 0.00 | 13,141.62 | 0.00% |
| CELLTRION INC-DVSE-20201229 | 8,024 | KRW | 0.00 | 43,345.48 | 0.01% |
| CELLTRION PHARMACEUTICAL IN-DVSE201229-48211 | 1,600 | KRW | 0.00 | 5,744.46 | 0.00% |
| DAELIM INDUSTRIAL CO -SOFF-20201229 | 2,900 | KRW | 0.00 | 0.00 | 0.00% |
| HANMI PHARMACEUTICAL CO LTD -BONUS- 20201229 | 625 | KRW | 0.00 | 3,446.77 | 0.00% |
| YUHAN CORP. -BONUS- 20201229 | 4,170 | KRW | 0.00 | 11,780.79 | 0.00% |
| Total SOUTH KOREAN WON |  |  | 0.00 | 77,459.12 | 0.01% |
| SUPERMAX CORP. -DVSE-20201207 | 120,000 | MYR | 0.00 | 3,257.38 | 0.00% |
| Total MALAYSIAN RINGGIT |  |  | 0.00 | 3,257.38 | 0.00% |
| REMGRO LTD | 52,380 | ZAR | 788,875.97 | 280,371.12 | 0.05% |
| Total SOUTH AFRICAN RAND |  |  | 788,875.97 | 280,371.12 | 0.05% |
| Total Other Transferable Securities |  |  | 1,103,887.54 | 776,803.45 | 0.14% |
| Total Portfolio |  |  | 412,070,859.80 | 538,930,263.25 | 99.90% |

|  |
| --- |
| World SRI MSCI Index |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| ABU DHABI COMMERCIAL BANK | 49,000 | AED | 97,003.39 | 67,596.73 | 0.05% |
| NATIONAL BANK OF ABU DHABI | 23,276 | AED | 87,761.50 | 66,809.16 | 0.05% |
| Total ARAB EMIRATES DIRHAM |  |  | 184,764.89 | 134,405.89 | 0.09% |
| AMPOL LTD | 3,000 | AUD | 57,775.44 | 53,771.44 | 0.04% |
| APA GROUP | 20,239 | AUD | 131,974.64 | 123,175.04 | 0.09% |
| ASX LTD | 2,700 | AUD | 105,979.92 | 122,603.43 | 0.09% |
| AURIZON HLDG LTD | 29,891 | AUD | 101,277.49 | 73,521.00 | 0.05% |
| BLUESCOPE STEEL LTD | 6,049 | AUD | 69,831.59 | 66,685.49 | 0.05% |
| BRAMBLES LTD | 18,500 | AUD | 131,677.23 | 123,675.58 | 0.09% |
| COCA-COLA AMATIL LTD | 5,513 | AUD | 31,982.73 | 44,956.54 | 0.03% |
| COCHLEAR LTD | 846 | AUD | 98,359.41 | 100,841.32 | 0.07% |
| COLES GROUP LTD | 14,000 | AUD | 112,436.06 | 160,166.50 | 0.11% |
| DEXUS | 10,557 | AUD | 74,175.66 | 62,585.65 | 0.04% |
| EVOLUTION MINING LTD | 21,354 | AUD | 78,464.79 | 67,202.61 | 0.05% |
| GOODMAN GROUP | 18,278 | AUD | 150,673.21 | 217,984.98 | 0.15% |
| GPT GROUP | 15,433 | AUD | 49,153.01 | 43,799.51 | 0.03% |
| INSURANCE AUSTRALIA GROUP LTD | 31,871 | AUD | 156,188.99 | 94,471.30 | 0.07% |
| MACQUARIE GROUP LTD | 3,900 | AUD | 281,431.26 | 340,610.49 | 0.24% |
| MIRVAC GROUP | 56,831 | AUD | 95,078.32 | 94,622.75 | 0.07% |
| NEWCREST MINING LTD | 11,323 | AUD | 176,071.80 | 184,098.73 | 0.13% |
| SEEK LTD | 3,592 | AUD | 48,596.05 | 64,631.53 | 0.04% |
| STOCKLAND STAPLED SECURITY | 35,635 | AUD | 89,829.20 | 93,941.91 | 0.07% |
| SYDNEY AIRPORT | 15,777 | AUD | 72,209.88 | 63,780.63 | 0.04% |
| TRANSURBAN GROUP-STAPLED SECURITY | 28,421 | AUD | 229,205.07 | 244,847.92 | 0.17% |
| Total AUSTRALIAN DOLLAR |  |  | 2,342,371.75 | 2,441,974.35 | 1.70% |
| B3 S.A. - BRASIL BOLSA BALCAO | 24,500 | BRL | 162,467.36 | 238,934.13 | 0.17% |
| BANCO BRADESCO S.A. | 57,984 | BRL | 301,579.86 | 247,615.91 | 0.17% |
| BANCO DO BRASIL S.A. | 11,300 | BRL | 59,014.92 | 68,987.55 | 0.05% |
| CIA ENERGETICA DE MINAS GERAIS CMIG | 12,494 | BRL | 39,359.80 | 28,622.56 | 0.02% |
| COMPANHIA BRASILEIRA DE DISTRIBUICA | 2,600 | BRL | 51,716.78 | 30,703.27 | 0.02% |
| KLABIN S.A. CTF DE DEPOSITO DE ACOES | 12,000 | BRL | 49,024.05 | 49,979.94 | 0.03% |
| LOCALIZA RENT -A- CAR S.A. | 4,975 | BRL | 36,992.10 | 53,974.41 | 0.04% |
| LOJAS RENNER S.A. | 12,107 | BRL | 88,836.95 | 82,944.10 | 0.06% |
| NATURA & CO HLDG S.A. | 9,200 | BRL | 66,691.57 | 75,998.96 | 0.05% |
| TELEFONICA BRASIL S.A. | 6,100 | BRL | 69,444.70 | 44,631.69 | 0.03% |
| ULTRAPAR PARTICIPACOES S.A. | 15,000 | BRL | 107,002.14 | 56,031.53 | 0.04% |
| WEG S.A. | 10,400 | BRL | 47,838.18 | 123,942.19 | 0.09% |
| Total BRAZILIAN REAL |  |  | 1,079,968.41 | 1,102,366.24 | 0.77% |
| AGNICO EAGLE MINES LTD | 3,100 | CAD | 141,889.22 | 178,168.46 | 0.12% |
| BANK OF MONTREAL | 7,432 | CAD | 460,271.94 | 461,424.79 | 0.32% |
| BANK OF NOVA SCOTIA | 13,900 | CAD | 645,225.17 | 613,497.56 | 0.43% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BLACKBERRY LTD | 9,000 | CAD | 44,492.55 | 48,729.79 | 0.03% |
| --- | --- | --- | --- | --- | --- |
| CANADIAN NATIONAL RAILWAY CO. | 8,100 | CAD | 587,038.49 | 727,170.90 | 0.51% |
| CANADIAN TIRE CORP. LTD | 700 | CAD | 66,859.38 | 75,141.78 | 0.05% |
| CGI INC. | 2,300 | CAD | 125,289.24 | 149,010.14 | 0.10% |
| FORTIS INC. | 6,000 | CAD | 206,410.16 | 200,153.96 | 0.14% |
| FRANCO-NEVADA CORP. | 2,400 | CAD | 212,701.93 | 245,727.48 | 0.17% |
| GILDAN ACTIVEWEAR INC. | 2,900 | CAD | 87,044.48 | 66,211.83 | 0.05% |
| INTACT FINANCIAL CORP. | 1,900 | CAD | 164,154.21 | 183,710.55 | 0.13% |
| MAGNA INTERNATIONAL INC. | 2,759 | CAD | 127,020.04 | 159,490.31 | 0.11% |
| MANULIFE FINANCIAL CORP. | 21,700 | CAD | 243,908.37 | 315,309.85 | 0.22% |
| METRO INC. | 2,440 | CAD | 84,203.92 | 88,909.42 | 0.06% |
| OPEN TEXT CORP. | 3,200 | CAD | 107,175.28 | 118,737.49 | 0.08% |
| ROGERS COMMUNICATIONS INC. | 3,600 | CAD | 157,653.55 | 136,859.12 | 0.10% |
| WHEATON PRECIOUS METALS CORP. | 4,400 | CAD | 142,271.86 | 150,053.89 | 0.10% |
| WSP GLOBAL INC. | 1,200 | CAD | 66,517.85 | 92,832.95 | 0.06% |
| Total CANADIAN DOLLAR |  |  | 3,670,127.64 | 4,011,140.27 | 2.79% |
| ALCON S.A. | 6,000 | CHF | 321,444.90 | 326,420.42 | 0.23% |
| GIVAUDAN A.G. | 101 | CHF | 222,529.09 | 348,324.16 | 0.24% |
| KUEHNE + NAGEL INTERNATIONAL A.G. | 560 | CHF | 86,534.81 | 103,969.30 | 0.07% |
| LONZA GROUP A.G. -REG- | 870 | CHF | 231,323.13 | 457,543.34 | 0.32% |
| ROCHE HLDG A.G. -PARTICIPATION CERTIFICATE- | 8,250 | CHF | 2,055,257.84 | 2,357,033.89 | 1.64% |
| SONOVA HLDG A.G. -REG- | 726 | CHF | 142,364.30 | 154,389.53 | 0.11% |
| SWISSCOM -REG- | 350 | CHF | 151,073.83 | 154,394.16 | 0.11% |
| SWISS RE A.G. | 3,594 | CHF | 285,521.54 | 276,939.54 | 0.19% |
| Total SWISS FRANC |  |  | 3,496,049.44 | 4,179,014.34 | 2.91% |
| ENEL AMERICAS S.A | 302,279 | CLP | 48,478.01 | 40,338.30 | 0.03% |
| SOCIEDAD QUIMICA Y MINERA DE CHILE | 1,713 | CLP | 73,015.41 | 68,178.53 | 0.05% |
| Total CHILEAN PESO |  |  | 121,493.42 | 108,516.83 | 0.08% |
| CONTEMPORARY AMPEREX TECHNOLOGY CO | 1,800 | CNY | 56,277.07 | 78,981.98 | 0.05% |
| INDUSTRIAL BANK CO LTD -A- | 16,400 | CNY | 33,360.08 | 42,773.88 | 0.03% |
| Total CHINA YUAN RENMINBI |  |  | 89,637.15 | 121,755.86 | 0.08% |
| COLOPLAST A/S -B- | 1,499 | DKK | 149,600.84 | 187,207.60 | 0.13% |
| GN STORE NORD | 1,600 | DKK | 77,636.25 | 104,725.63 | 0.07% |
| H. LUNDBECK A-S | 1,500 | DKK | 51,795.96 | 42,077.26 | 0.03% |
| NOVO NORDISK -B- | 20,267 | DKK | 922,160.96 | 1,161,681.15 | 0.81% |
| NOVOZYMES -B- | 2,874 | DKK | 127,598.14 | 134,945.89 | 0.09% |
| ORSTED A/S | 2,315 | DKK | 225,021.69 | 386,743.04 | 0.27% |
| PANDORA A/S | 1,287 | DKK | 106,010.94 | 117,747.42 | 0.08% |
| VESTAS WIND SYSTEMS | 2,186 | DKK | 148,723.50 | 422,753.83 | 0.29% |
| Total DANISH KRONE |  |  | 1,808,548.28 | 2,557,881.82 | 1.78% |
| ACCOR | 2,499 | EUR | 63,349.65 | 73,970.40 | 0.05% |
| ADIDAS A.G. | 2,300 | EUR | 504,621.63 | 685,170.00 | 0.48% |
| AKZO NOBEL N.V. - ORDSHR | 2,494 | EUR | 199,009.26 | 219,122.84 | 0.15% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ALLIANZ A.G. -REG- | 4,778 | EUR | 853,918.02 | 958,944.60 | 0.67% |
| --- | --- | --- | --- | --- | --- |
| AMUNDI S.A. | 800 | EUR | 53,560.00 | 53,440.00 | 0.04% |
| ASML HLDG N.V. | 5,020 | EUR | 1,130,789.78 | 1,995,701.00 | 1.39% |
| AXA | 22,100 | EUR | 462,533.84 | 431,215.20 | 0.30% |
| BANCO BILBAO VIZCAYA | 76,735 | EUR | 404,856.80 | 309,625.73 | 0.22% |
| BEIERSDORF A.G. | 1,000 | EUR | 101,609.55 | 94,440.00 | 0.07% |
| CARREFOUR S.A. | 8,135 | EUR | 110,863.68 | 114,134.05 | 0.08% |
| CRH PLC. | 9,949 | EUR | 291,533.71 | 338,464.98 | 0.24% |
| DANONE | 6,900 | EUR | 441,564.99 | 370,944.00 | 0.26% |
| DEUTSCHE BOERSE A.G. | 2,500 | EUR | 324,069.99 | 348,125.00 | 0.24% |
| ELIA GROUP | 500 | EUR | 46,800.00 | 48,750.00 | 0.03% |
| ELISA -A- | 1,276 | EUR | 64,367.88 | 57,254.12 | 0.04% |
| ERSTE GROUP BANK A.G. | 3,684 | EUR | 72,814.26 | 91,878.96 | 0.06% |
| GECINA | 392 | EUR | 56,227.45 | 49,509.60 | 0.03% |
| GETLINK SE | 5,195 | EUR | 68,216.83 | 73,665.10 | 0.05% |
| HENKEL | 1,100 | EUR | 99,574.93 | 86,735.00 | 0.06% |
| HENKEL | 2,200 | EUR | 198,027.63 | 203,060.00 | 0.14% |
| INDUSTRIA DE DISENO TEXTIL S.A. | 12,432 | EUR | 361,707.82 | 323,729.28 | 0.23% |
| INTESA SAN PAOLO SpA | 185,152 | EUR | 407,533.17 | 354,121.72 | 0.25% |
| JERONIMO MARTINS SGPS S.A. | 3,000 | EUR | 45,699.70 | 41,460.00 | 0.03% |
| KBC GROUP S.A. | 2,913 | EUR | 182,608.79 | 166,856.64 | 0.12% |
| KERRY GROUP PLC | 1,725 | EUR | 158,880.62 | 204,412.50 | 0.14% |
| KONINKLIJKE DSM N.V. | 1,900 | EUR | 214,150.57 | 267,520.00 | 0.19% |
| KONINKLIJKE VOPAK | 1,000 | EUR | 42,210.00 | 42,990.00 | 0.03% |
| L'OREAL | 3,100 | EUR | 704,067.56 | 963,480.00 | 0.67% |
| LINDE PLC | 6,025 | EUR | 970,323.82 | 1,283,325.00 | 0.89% |
| MERCK KGAA | 1,722 | EUR | 161,790.90 | 241,682.70 | 0.17% |
| MICHELIN -B- | 1,685 | EUR | 171,659.68 | 176,840.75 | 0.12% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT A.G. | 1,494 | EUR | 303,292.28 | 362,743.20 | 0.25% |
| NATIXIS | 11,137 | EUR | 61,393.41 | 31,061.09 | 0.02% |
| NEPI ROCKCASTLE PLC | 3,754 | EUR | 41,482.02 | 19,145.40 | 0.01% |
| NESTE CORP. | 4,594 | EUR | 105,881.67 | 271,781.04 | 0.19% |
| ORANGE | 22,821 | EUR | 291,359.63 | 222,139.61 | 0.15% |
| ORION CORP. (NEW) -B- | 1,133 | EUR | 29,129.43 | 42,521.49 | 0.03% |
| RED ELECTRICA CORPORACION S.A. | 6,000 | EUR | 107,682.93 | 100,650.00 | 0.07% |
| SAP A.G. | 12,041 | EUR | 1,232,441.87 | 1,291,036.02 | 0.90% |
| SARTORIUS VZ | 367 | EUR | 79,751.29 | 126,101.20 | 0.09% |
| SCHNEIDER ELECTRIC SE | 6,480 | EUR | 532,707.71 | 766,584.00 | 0.53% |
| SEB S.A. | 299 | EUR | 36,896.60 | 44,551.00 | 0.03% |
| SIEMENS -NOM- | 8,760 | EUR | 930,807.97 | 1,029,475.20 | 0.72% |
| SNAM SpA | 27,000 | EUR | 127,461.00 | 124,227.00 | 0.09% |
| TERNA SpA | 13,000 | EUR | 81,536.00 | 81,250.00 | 0.06% |
| UMICORE S.A. | 2,402 | EUR | 85,541.84 | 94,374.58 | 0.07% |
| UNIBAIL RODAMCO WESTFIELD | 1,800 | EUR | 348,714.67 | 116,244.00 | 0.08% |
| UPM-KYMMENE CORP. | 6,722 | EUR | 165,411.53 | 204,819.34 | 0.14% |
| VALEO S.A. | 3,400 | EUR | 90,751.91 | 109,752.00 | 0.08% |
| VERBUND A.G. | 1,000 | EUR | 56,500.00 | 69,850.00 | 0.05% |
| WARTSILA CORP. -B- | 6,500 | EUR | 92,229.10 | 52,975.00 | 0.04% |
| WOLTERS KLUWER N.V. | 3,501 | EUR | 249,143.68 | 241,779.06 | 0.17% |
| Total EURO |  |  | 14,019,059.05 | 16,073,629.40 | 11.18% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ASSOCIATED BRITISH FOODS PLC | 4,698 | GBP | 95,336.91 | 118,827.75 | 0.08% |
| --- | --- | --- | --- | --- | --- |
| BARRATT DEVELOPMENT | 14,489 | GBP | 94,030.80 | 108,453.02 | 0.08% |
| BERKELEY GROUP HLDG -UNITS- | 1,900 | GBP | 89,108.38 | 100,656.91 | 0.07% |
| BRITISH LAND CO PLC | 11,610 | GBP | 52,696.87 | 63,426.32 | 0.04% |
| BURBERRY GROUP PLC | 3,500 | GBP | 71,872.34 | 69,972.63 | 0.05% |
| COCA-COLA HBC A.G. | 2,700 | GBP | 76,024.17 | 71,700.37 | 0.05% |
| COMPASS GROUP PLC | 20,024 | GBP | 269,273.41 | 304,912.43 | 0.21% |
| CRODA INTERNATIONAL PLC | 1,562 | GBP | 82,631.68 | 115,103.92 | 0.08% |
| DCC PLC | 853 | GBP | 60,826.07 | 49,344.59 | 0.03% |
| FERGUSON NEWCO PLC | 2,965 | GBP | 206,373.55 | 294,280.64 | 0.20% |
| INTERCONTINENTAL A.G.HOTELS GROUP PLC | 1,639 | GBP | 93,318.40 | 85,877.67 | 0.06% |
| J.SAINSBURY PLC | 23,000 | GBP | 73,919.30 | 57,943.25 | 0.04% |
| JD SPORTS FASHION PLC | 5,776 | GBP | 42,379.43 | 55,495.03 | 0.04% |
| JOHNSON MATTHEY PLC | 2,601 | GBP | 96,361.02 | 70,466.15 | 0.05% |
| KINGFISHER PLC | 26,104 | GBP | 106,625.41 | 78,857.36 | 0.05% |
| MONDI PLC | 5,631 | GBP | 108,978.01 | 108,172.33 | 0.08% |
| NATIONAL GRID PLC | 39,330 | GBP | 438,538.74 | 380,074.29 | 0.26% |
| RELX PLC | 21,308 | GBP | 399,699.94 | 426,707.52 | 0.30% |
| SCHRODERS PLC -NEW- | 1,859 | GBP | 67,837.30 | 69,304.92 | 0.05% |
| SEGRO PLC -REIT- | 15,767 | GBP | 139,549.56 | 166,917.76 | 0.12% |
| TAYLOR WIMPEY PLC | 35,181 | GBP | 59,554.71 | 65,166.01 | 0.05% |
| UNILEVER PLC | 31,073 | GBP | 1,525,471.71 | 1,524,663.34 | 1.06% |
| WM MORRISON SUPERMARKETS PLC | 35,000 | GBP | 84,745.39 | 69,347.00 | 0.05% |
| WPP PLC | 12,562 | GBP | 130,401.33 | 112,273.49 | 0.08% |
| Total BRITISH POUND |  |  | 4,465,554.43 | 4,567,944.70 | 3.18% |
| A-LIVING SMART CITY SERVICES CO LTD | 8,000 | HKD | 32,839.17 | 29,007.35 | 0.02% |
| BOC HONG KONG LTD | 43,860 | HKD | 147,782.68 | 108,641.60 | 0.08% |
| BYD CO LTD -H- | 10,000 | HKD | 98,436.53 | 214,182.19 | 0.15% |
| CHINA EVERBRIGHT ENVIRONMENT GROUP | 50,000 | HKD | 45,240.92 | 23,083.61 | 0.02% |
| CHINA LESSO GROUP HLDG LTD | 30,000 | HKD | 44,833.41 | 38,388.36 | 0.03% |
| CHINA MINSHENG BANKING CORP. -H- | 131,000 | HKD | 99,004.42 | 61,031.38 | 0.04% |
| COUNTRY GARDEN SERVICES HLDG CO | 13,000 | HKD | 23,224.73 | 71,870.14 | 0.05% |
| FOSUN INTERNATIONAL LTD | 40,000 | HKD | 48,071.80 | 51,353.13 | 0.04% |
| GEELY AUTOMOBILE HLDG LTD | 80,000 | HKD | 120,027.96 | 223,457.80 | 0.16% |
| GENSCRIPT BIOTECH CORP. | 20,000 | HKD | 36,939.49 | 23,779.28 | 0.02% |
| GUANGZHOU AUTOMOBILE GROUP CO LTD | 28,000 | HKD | 37,874.53 | 25,440.46 | 0.02% |
| HANG SENG BANK LTD | 11,000 | HKD | 191,828.09 | 155,018.58 | 0.11% |
| HONG KONG EXCHANGES & CLEARING | 13,800 | HKD | 400,753.24 | 618,198.11 | 0.43% |
| MEITUAN | 42,700 | HKD | 770,200.74 | 1,325,929.01 | 0.92% |
| MICROPORT SCIENTIFIC CORP. | 15,000 | HKD | 54,179.11 | 66,325.86 | 0.05% |
| MTR CORP. LTD | 22,818 | HKD | 116,815.15 | 104,262.07 | 0.07% |
| SHANGHAI PHARMACEUTICAL HLDG CO -H- | 16,000 | HKD | 36,021.47 | 23,037.23 | 0.02% |
| SHENZHOU INTERNATIONAL GROUP LTD | 10,500 | HKD | 88,292.11 | 168,225.78 | 0.12% |
| SWIRE PACIFIC LTD | 6,500 | HKD | 64,677.68 | 29,460.59 | 0.02% |
| SWIRE PROPERTIES LTD | 10,000 | HKD | 29,047.06 | 23,768.74 | 0.02% |
| WUXI APPTEC CO LTD -H- | 4,200 | HKD | 41,719.46 | 67,201.77 | 0.05% |
| WUXI BIOLOGICS CAYMAN INC. | 38,000 | HKD | 209,766.35 | 411,752.62 | 0.29% |
| Total HONG KONG DOLLAR |  |  | 2,737,576.10 | 3,863,415.66 | 2.69% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BANK CENTRAL ASIA TBK | 102,800 | IDR | 204,012.13 | 202,420.13 | 0.14% |
| --- | --- | --- | --- | --- | --- |
| BANK MANDIRI PT TBK | 300,000 | IDR | 117,837.92 | 110,378.30 | 0.08% |
| BANK RAKYAT INDONESIA -B- | 732,000 | IDR | 132,539.53 | 177,561.60 | 0.12% |
| PT BANK NEGARA INDONESIA | 5,100 | IDR | 2,061.54 | 1,831.93 | 0.00% |
| Total INDONESIAN RUPIAH |  |  | 456,451.12 | 492,191.96 | 0.34% |
| ASIAN PAINTS LTD | 5,000 | INR | 123,227.58 | 154,611.07 | 0.11% |
| DABUR INDIA -DIS- | 8,000 | INR | 45,628.36 | 47,784.30 | 0.03% |
| EICHER MOTORS LTD | 2,000 | INR | 57,485.64 | 56,618.58 | 0.04% |
| HERO MOTOCORP LTD | 1,700 | INR | 58,193.26 | 59,137.54 | 0.04% |
| HINDUSTAN UNILEVER LTD | 9,900 | INR | 243,850.92 | 265,257.22 | 0.18% |
| HOUSING DEVELOPMENT FINANCE CORP. | 21,300 | INR | 553,761.55 | 609,599.31 | 0.42% |
| MAHINDRA-MAHINDRA LTD | 8,500 | INR | 60,764.01 | 68,512.08 | 0.05% |
| MARICO LTD DEMATERIALSED | 8,000 | INR | 36,637.04 | 36,030.61 | 0.03% |
| NESTLE INDIA LTD | 300 | INR | 57,253.48 | 61,711.04 | 0.04% |
| TITAN INDUSTRIES LTD | 4,000 | INR | 58,450.10 | 70,117.20 | 0.05% |
| Total INDIAN RUPEE |  |  | 1,295,251.94 | 1,429,378.95 | 0.99% |
| AEON CO LTD | 7,100 | JPY | 132,670.65 | 190,250.66 | 0.13% |
| AJINOMOTO | 6,500 | JPY | 105,685.61 | 120,274.66 | 0.08% |
| ASAHI KASEI CORP. | 17,600 | JPY | 161,206.19 | 146,915.76 | 0.10% |
| ASTELLAS PHARMA | 19,000 | JPY | 242,157.38 | 239,745.83 | 0.17% |
| DAIFUKU | 1,400 | JPY | 108,799.62 | 141,412.52 | 0.10% |
| DAI-ICHI LIFE HLDG INC. | 14,200 | JPY | 167,438.19 | 174,457.32 | 0.12% |
| DAIICHI SANKYO CO LTD | 20,300 | JPY | 575,635.14 | 568,060.51 | 0.40% |
| DAIKIN INDUSTRIES | 2,800 | JPY | 309,075.55 | 508,021.15 | 0.35% |
| DAIWA HOUSE INDUSTRY CO LTD | 5,900 | JPY | 162,773.48 | 143,103.39 | 0.10% |
| DENSO CORP. | 5,400 | JPY | 206,885.53 | 262,208.45 | 0.18% |
| EISAI CO LTD | 3,200 | JPY | 187,541.05 | 186,743.05 | 0.13% |
| FUJITSU LTD | 2,500 | JPY | 177,405.35 | 294,972.23 | 0.21% |
| HANKYU HANSHIN HLDG INC. | 3,600 | JPY | 123,635.89 | 97,747.52 | 0.07% |
| HITACHI METALS LTD | 3,700 | JPY | 41,432.57 | 45,867.24 | 0.03% |
| HONDA MOTOR | 17,800 | JPY | 443,531.57 | 405,456.70 | 0.28% |
| KANZAI PAINT CO LTD | 2,700 | JPY | 56,124.69 | 67,860.44 | 0.05% |
| KAO CORP. | 5,600 | JPY | 340,918.94 | 353,309.65 | 0.25% |
| KDDI CORP. | 18,700 | JPY | 459,229.47 | 453,861.04 | 0.32% |
| KEIO CORP. | 1,400 | JPY | 53,744.34 | 88,659.89 | 0.06% |
| KIKKOMAN CORP. | 1,200 | JPY | 50,368.71 | 68,109.79 | 0.05% |
| KOBE BUSSAN CO LTD | 1,600 | JPY | 37,517.40 | 40,276.92 | 0.03% |
| KOMATSU | 9,341 | JPY | 216,213.28 | 208,337.02 | 0.14% |
| KYUSHU RAILWAY CO | 1,700 | JPY | 46,800.05 | 29,942.50 | 0.02% |
| MITSUI CHEMICALS INC. | 2,400 | JPY | 45,182.24 | 57,470.60 | 0.04% |
| MIURA CO LTD | 1,200 | JPY | 46,392.48 | 54,715.82 | 0.04% |
| MS & AD INSURANCE GROUP HLDG | 5,900 | JPY | 156,940.21 | 146,699.66 | 0.10% |
| MURATA MANUFACTURING CO LTD | 7,000 | JPY | 334,726.92 | 516,443.84 | 0.36% |
| NGK INSULATORS | 4,500 | JPY | 61,371.40 | 56,710.66 | 0.04% |
| NINTENDO CO LTD | 1,300 | JPY | 589,368.30 | 677,448.61 | 0.47% |
| NIPPON EXPRESS CO LTD | 1,000 | JPY | 56,516.54 | 54,858.30 | 0.04% |
| NIPPON PAINT CO LTD | 1,900 | JPY | 119,922.88 | 170,409.05 | 0.12% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| NITTO DENKO CORP. | 1,585 | JPY | 101,603.95 | 115,808.41 | 0.08% |
| --- | --- | --- | --- | --- | --- |
| NOMURA REAL ESTATE MASTER FUND INC. | 56 | JPY | 62,360.91 | 65,431.00 | 0.05% |
| NOMURA RESEARCH INSTITUTE LTD | 4,200 | JPY | 100,530.49 | 122,849.35 | 0.09% |
| ODAKYU ELECTRIC RAILWAY CO LTD | 3,900 | JPY | 88,138.15 | 100,027.35 | 0.07% |
| OMRON CORP. | 1,900 | JPY | 98,157.26 | 138,372.75 | 0.10% |
| PANASONIC CORP. | 24,000 | JPY | 222,246.00 | 226,177.70 | 0.16% |
| RAKUTEN INC. | 12,700 | JPY | 117,159.48 | 99,930.77 | 0.07% |
| RESONA HLDG INC. | 27,600 | JPY | 89,955.01 | 78,741.38 | 0.05% |
| SCSK CORP. | 700 | JPY | 31,003.96 | 32,693.33 | 0.02% |
| SEKISUI CHEMICAL | 2,500 | JPY | 36,538.57 | 38,669.96 | 0.03% |
| SEKISUI HOUSE LTD | 9,000 | JPY | 140,023.88 | 149,613.56 | 0.10% |
| SG HLDG CO. LTD. | 4,200 | JPY | 62,037.33 | 93,491.85 | 0.07% |
| SHIMIZU CORP. | 6,000 | JPY | 52,006.11 | 35,622.28 | 0.02% |
| SHIONOGI CO | 3,600 | JPY | 192,458.19 | 160,585.22 | 0.11% |
| SOMPO HLDG INC. | 3,900 | JPY | 126,539.55 | 128,831.52 | 0.09% |
| SONY CORP. | 14,300 | JPY | 662,286.67 | 1,164,258.67 | 0.81% |
| STANLEY ELECTRIC CO LTD | 2,100 | JPY | 61,920.05 | 55,273.90 | 0.04% |
| SUMITOMO CHEMICAL | 10,000 | JPY | 40,731.88 | 32,851.65 | 0.02% |
| SUMITOMO METAL MINING CO LTD | 2,200 | JPY | 63,072.87 | 79,744.82 | 0.06% |
| SUMITOMO MITSUI TRUST HLDG | 3,200 | JPY | 104,363.56 | 80,477.85 | 0.06% |
| SUNTORY BEVERAGE & FOOD LTD | 2,300 | JPY | 91,982.71 | 66,455.33 | 0.05% |
| SYSMEX CORP. | 2,100 | JPY | 148,372.73 | 206,134.24 | 0.14% |
| TEIJIN LTD | 1,500 | JPY | 29,038.93 | 23,035.74 | 0.02% |
| TOKYO ELECTRON | 1,700 | JPY | 249,883.21 | 516,760.48 | 0.36% |
| TOKYU CORP. | 6,000 | JPY | 76,837.80 | 60,842.85 | 0.04% |
| TORAY INDUSTRIES | 20,100 | JPY | 153,771.00 | 97,202.03 | 0.07% |
| WEST JAPAN RAILWAY CO | 2,100 | JPY | 122,680.37 | 89,751.51 | 0.06% |
| YAMAHA CORP. | 1,500 | JPY | 69,561.66 | 72,075.74 | 0.05% |
| YASKAWA ELECTRIC CORP. | 2,300 | JPY | 63,476.63 | 93,401.61 | 0.06% |
| YOKOGAWA ELECTRIC | 3,000 | JPY | 46,650.54 | 48,778.77 | 0.03% |
| Total JAPANESE YEN |  |  | 9,322,601.07 | 10,844,242.40 | 7.54% |
| AMOREPACIFIC CORP. | 468 | KRW | 72,915.38 | 72,533.99 | 0.05% |
| COWAY CO LTD | 500 | KRW | 38,654.47 | 27,348.46 | 0.02% |
| HANKOOK TIRE & TECHNOLOGY CO LTD | 1,000 | KRW | 44,178.50 | 29,643.17 | 0.02% |
| HYUNDAI FIRE & MARINE INSURANCE CO | 1,300 | KRW | 42,495.89 | 22,251.19 | 0.02% |
| KB FINANCIAL GROUP INC. | 3,690 | KRW | 133,683.64 | 120,488.22 | 0.08% |
| LG CHEM LTD | 512 | KRW | 152,451.25 | 317,413.69 | 0.22% |
| LG CORP. | 1,000 | KRW | 56,496.69 | 65,831.92 | 0.05% |
| LG ELECTRONICS INC. | 1,600 | KRW | 80,873.59 | 162,510.80 | 0.11% |
| LG HOUSEHOLD & HEALTHCARE LTD | 142 | KRW | 134,734.18 | 173,074.01 | 0.12% |
| NAVER CORP. | 1,410 | KRW | 190,325.50 | 310,294.07 | 0.22% |
| SAMSUNG FIRE & MARINE INSURANCE CO LTD | 514 | KRW | 108,820.01 | 72,509.16 | 0.05% |
| SHINHAN FINANCIAL GROUP CO LTD | 6,328 | KRW | 218,486.32 | 152,588.92 | 0.11% |
| S-OIL CORP. | 500 | KRW | 42,208.57 | 26,031.82 | 0.02% |
| WOORI FINANCIAL GROUP INC. | 3,000 | KRW | 22,239.35 | 21,961.53 | 0.02% |
| Total SOUTH KOREAN WON |  |  | 1,338,563.34 | 1,574,480.95 | 1.10% |
| ARCA CONTINENTAL A.G.S.A.B. DE CV | 6,000 | MXN | 34,726.83 | 23,547.31 | 0.02% |
| COCA-COLA FEMSA S.A.B. DE CV | 6,000 | MXN | 30,756.34 | 22,521.06 | 0.02% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| FOMENTO ECONOMICO MEXICANO | 28,100 | MXN | 235,762.97 | 173,280.56 | 0.12% |
| --- | --- | --- | --- | --- | --- |
| INDUSTRIAS PENOLES S.A.B. DE CV | 2,400 | MXN | 35,742.61 | 33,153.28 | 0.02% |
| INFRAESTRUCTURA ENERGETICA NOVA SAB | 9,000 | MXN | 37,961.31 | 28,635.53 | 0.02% |
| Total NEW MEXICAN PESO |  |  | 374,950.06 | 281,137.74 | 0.20% |
| AXIATA GROUP | 55,000 | MYR | 61,179.87 | 41,794.08 | 0.03% |
| CIMB GROUP HLDG BERHAD | 100,097 | MYR | 108,271.69 | 87,452.04 | 0.06% |
| DIGI.COM BERHAD | 50,000 | MYR | 53,921.87 | 42,058.21 | 0.03% |
| HARTALEGA HLDG BERHAD | 25,000 | MYR | 35,994.18 | 61,665.06 | 0.04% |
| MALAYAN BANKING BERHAD MAYBANK | 59,894 | MYR | 112,795.76 | 102,951.84 | 0.07% |
| MAXIS BERHAD | 35,000 | MYR | 42,563.86 | 35,912.02 | 0.02% |
| NESTLE (MALAYSIA) BERHAD | 1,000 | MYR | 31,619.62 | 28,221.67 | 0.02% |
| PUBLIC BANK BERHAD | 37,000 | MYR | 165,159.70 | 154,863.62 | 0.11% |
| SUPERMAX CORP. BERHAD | 30,000 | MYR | 56,152.05 | 36,633.31 | 0.03% |
| TOP GLOVE CORP. BERHAD | 66,900 | MYR | 61,572.80 | 83,187.48 | 0.06% |
| Total MALAYSIAN RINGGIT |  |  | 729,231.40 | 674,739.33 | 0.47% |
| MOWI ASA | 6,699 | NOK | 126,147.25 | 122,137.17 | 0.08% |
| ORKLA ASA | 11,102 | NOK | 92,291.98 | 92,198.74 | 0.06% |
| TELENOR AS | 6,231 | NOK | 101,038.15 | 86,779.58 | 0.06% |
| Total NORWEGIAN KRONE |  |  | 319,477.38 | 301,115.49 | 0.21% |
| AUCKLAND INTERNATIONAL AIRPORT LTD | 20,000 | NZD | 84,082.49 | 89,207.96 | 0.06% |
| FISH & PAYK HEALTH CORP. LTD | 7,294 | NZD | 129,409.81 | 141,510.64 | 0.10% |
| MERIDIAN ENERGY LTD | 20,000 | NZD | 37,128.01 | 87,324.94 | 0.06% |
| RYMAN HEALTHCARE LTD | 5,000 | NZD | 37,034.91 | 44,692.24 | 0.03% |
| Total NEW ZEALAND DOLLAR |  |  | 287,655.22 | 362,735.78 | 0.25% |
| BDO UNIBANK INC. | 29,489 | PHP | 67,133.10 | 53,598.89 | 0.04% |
| SM PRIME HLDG INC. | 140,000 | PHP | 87,441.91 | 91,730.39 | 0.06% |
| Total PHILIPPINE PESO |  |  | 154,575.01 | 145,329.28 | 0.10% |
| SANTANDER BANK POLSKA S.A. | 600 | PLN | 45,053.14 | 24,439.84 | 0.02% |
| Total POLISH ZLOTY |  |  | 45,053.14 | 24,439.84 | 0.02% |
| QATAR FUEL Q.S.C. | 6,500 | QAR | 37,344.66 | 27,255.08 | 0.02% |
| QATAR NATIONAL BANK | 57,687 | QAR | 241,236.18 | 230,880.08 | 0.16% |
| Total QATARI RIYAL |  |  | 278,580.84 | 258,135.16 | 0.18% |
| BOLIDEN AB | 2,678 | SEK | 70,470.52 | 77,660.27 | 0.05% |
| ELECTROLUX -B- | 3,300 | SEK | 64,339.99 | 62,840.72 | 0.04% |
| ESSITY -B- | 7,950 | SEK | 204,671.75 | 209,262.58 | 0.15% |
| HUSQVARNA AB -B- | 5,511 | SEK | 36,229.12 | 58,408.87 | 0.04% |
| ICA GRUPPEN AB | 1,400 | SEK | 48,330.11 | 57,248.35 | 0.04% |
| SKANDINAVISKA ENSKILDA BANKEN -A- | 16,000 | SEK | 134,041.13 | 134,547.44 | 0.09% |
| SVENSKA CELLULOSA -B-FRIA | 7,990 | SEK | 89,110.63 | 113,944.07 | 0.08% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| SVENSKA HANDELSBANKEN AB -A- | 19,518 | SEK | 165,915.67 | 160,440.54 | 0.11% |
| --- | --- | --- | --- | --- | --- |
| TELE2 AK | 6,240 | SEK | 64,803.41 | 67,439.32 | 0.05% |
| TELIA CO AB | 31,210 | SEK | 118,690.03 | 105,477.59 | 0.07% |
| Total SWEDISH KRONA |  |  | 996,602.36 | 1,047,269.75 | 0.73% |
| CAPITALAND LTD | 36,518 | SGD | 82,578.93 | 74,070.27 | 0.05% |
| CITY DEVELOPMENTS LTD | 4,000 | SGD | 23,079.71 | 19,714.30 | 0.01% |
| DBS GROUP HLDG LTD | 19,800 | SGD | 271,683.75 | 306,593.28 | 0.21% |
| SINGAPORE EXCHANGE LTD | 9,900 | SGD | 50,428.89 | 56,812.81 | 0.04% |
| Total SINGAPORE DOLLAR |  |  | 427,771.28 | 457,190.66 | 0.32% |
| ADVANCED INFO SERVICE -FOREIGN- | 16,000 | THB | 76,404.52 | 76,819.10 | 0.05% |
| BANGKOK DUSIT MEDICAL SERVICES -FOREIGN- | 140,000 | THB | 100,441.70 | 79,437.93 | 0.06% |
| CENTRAL PATTANA PUBLIC CO LTD -FOREIGN | 35,000 | THB | 73,511.08 | 45,590.88 | 0.03% |
| INTOUCH HLDG PUBLIC CO LTD -FOREIGN- | 40,000 | THB | 75,043.22 | 61,378.90 | 0.04% |
| KASIKORNBANK PCL -FOREIGN- | 25,000 | THB | 124,851.15 | 77,746.60 | 0.05% |
| MINOR INTERNATIONAL PUBLIC -FOREIGN- | 65,000 | THB | 68,827.74 | 45,659.08 | 0.03% |
| SIAM CEMENT PUBLIC CO LTD FOREIGN | 10,000 | THB | 123,651.16 | 103,116.55 | 0.07% |
| THAI OIL PUBLIC CO LTD -FOREIGN- | 15,500 | THB | 40,136.22 | 21,987.29 | 0.02% |
| Total THAI BAHT |  |  | 682,866.79 | 511,736.33 | 0.36% |
| CHAILEASE HLDG CO LTD | 18,695 | TWD | 80,908.25 | 91,356.14 | 0.06% |
| CHINA STEEL CORP. | 116,000 | TWD | 81,072.85 | 83,509.55 | 0.06% |
| CHUNGHWA TELECOM CO LTD | 52,130 | TWD | 164,373.79 | 165,278.82 | 0.11% |
| CTBC FINANCIAL HLDG | 231,000 | TWD | 138,842.61 | 132,367.44 | 0.09% |
| E.SUN FINANCIAL HLDG CO LTD | 137,133 | TWD | 83,553.92 | 101,914.47 | 0.07% |
| FAR EASTERN NEW CENTURY CORP. | 50,000 | TWD | 38,960.85 | 42,103.82 | 0.03% |
| FAR EASTONE TELECOMMUNICATION | 12,000 | TWD | 25,220.03 | 21,361.69 | 0.01% |
| FIRST FINANCIAL HLDG CO | 134,930 | TWD | 90,183.15 | 83,793.31 | 0.06% |
| HIWIN TECHNOLOGIES CORP. | 5,000 | TWD | 44,855.43 | 55,920.28 | 0.04% |
| HOTAI MOTOR CO LTD | 4,000 | TWD | 55,142.93 | 74,812.46 | 0.05% |
| PRESIDENT CHAIN STORE CORP. | 7,500 | TWD | 57,887.05 | 58,138.18 | 0.04% |
| TAISHIN FINANCIAL | 132,193 | TWD | 48,701.31 | 50,948.02 | 0.04% |
| TAIWAN BUSINESS BANK | 87,990 | TWD | 17,866.92 | 24,902.85 | 0.02% |
| TAIWAN MOBILE CO LTD | 24,000 | TWD | 73,143.02 | 69,041.55 | 0.05% |
| TAIWAN SEMICONDUCTOR MANUFACTURING | 293,221 | TWD | 2,336,165.63 | 4,520,369.23 | 3.14% |
| UNI-PRESIDENT ENTERPRISES CORP. | 48,000 | TWD | 94,723.36 | 94,242.76 | 0.07% |
| Total TAIWAN DOLLAR |  |  | 3,431,601.10 | 5,670,060.57 | 3.94% |
| ABIOMED INC. | 600 | USD | 121,514.17 | 158,980.02 | 0.11% |
| ACCENTURE PLC -A- | 7,300 | USD | 1,084,988.34 | 1,558,443.06 | 1.08% |
| AGILENT TECHNOLOGIES INC. | 3,500 | USD | 232,749.65 | 338,944.06 | 0.24% |
| ALLEGION PLC | 1,300 | USD | 94,723.67 | 123,651.67 | 0.09% |
| ALLY FINANCIAL INC. | 5,800 | USD | 150,602.33 | 169,039.27 | 0.12% |
| AMERICAN EXPRESS COMPANY | 8,250 | USD | 726,976.58 | 815,256.83 | 0.57% |
| AMERICAN TOWER CORP. | 5,128 | USD | 834,028.10 | 940,730.56 | 0.65% |
| AMERISOURCEBERGEN CORP. | 2,100 | USD | 160,531.15 | 167,787.18 | 0.12% |
| AMGEN INC. | 6,723 | USD | 1,231,346.59 | 1,263,333.87 | 0.88% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| APTIV PLC | 3,000 | USD | 219,008.87 | 319,455.68 | 0.22% |
| --- | --- | --- | --- | --- | --- |
| AXALTA COATING SYSTEMS LTD | 2,800 | USD | 66,626.20 | 65,334.48 | 0.05% |
| BAKER HUGHES-A GE CO | 9,100 | USD | 228,286.83 | 155,069.27 | 0.11% |
| BALL CORP. | 4,200 | USD | 267,671.52 | 319,852.89 | 0.22% |
| BECTON DICKINSON | 3,300 | USD | 646,742.19 | 674,860.86 | 0.47% |
| BEST BUY CO INC. | 2,500 | USD | 132,335.99 | 203,894.41 | 0.14% |
| BIOGEN INC. | 1,800 | USD | 438,567.15 | 360,220.67 | 0.25% |
| BLACKROCK INC. | 1,750 | USD | 772,971.09 | 1,031,992.97 | 0.72% |
| BNY MELLON CORP. | 10,100 | USD | 412,563.38 | 350,328.14 | 0.24% |
| BORGWARNER INC. | 2,700 | USD | 78,517.48 | 85,266.64 | 0.06% |
| BOSTON PROPERTIES INC. | 1,500 | USD | 168,631.15 | 115,888.19 | 0.08% |
| BUNGE LTD | 2,300 | USD | 122,107.43 | 123,275.71 | 0.09% |
| C.H. ROBINSON WORLDWIDE INC. | 1,600 | USD | 120,822.59 | 122,751.01 | 0.09% |
| CABLE ONE INC. | 70 | USD | 119,472.03 | 127,449.14 | 0.09% |
| CAMPBELL SOUP COMPANY | 1,900 | USD | 89,125.37 | 75,080.71 | 0.05% |
| CARDINAL HEALTH INC. | 3,721 | USD | 204,319.20 | 162,884.03 | 0.11% |
| CATERPILLAR INC. | 6,400 | USD | 730,455.48 | 952,088.59 | 0.66% |
| CB RICHARD ELLIS GROUP INC. -A- | 4,400 | USD | 169,371.18 | 225,546.97 | 0.16% |
| CENTENE CORP. | 6,400 | USD | 334,902.21 | 313,997.79 | 0.22% |
| CENTERPOINT ENERGY INC. | 6,600 | USD | 165,217.41 | 116,729.19 | 0.08% |
| CERNER CORP. | 3,300 | USD | 193,810.62 | 211,666.05 | 0.15% |
| CHARLES SCHWAB CORP. | 17,500 | USD | 629,606.15 | 758,612.23 | 0.53% |
| CHUBB LTD | 5,475 | USD | 667,723.85 | 688,743.41 | 0.48% |
| CIGNA CORP. | 4,200 | USD | 658,056.40 | 714,605.86 | 0.50% |
| CLOROX CY | 1,400 | USD | 198,462.15 | 231,039.19 | 0.16% |
| CME GROUP INC. -A- | 4,039 | USD | 553,097.39 | 600,956.19 | 0.42% |
| COCA-COLA EUROPEAN PARTNERS PLC | 2,500 | USD | 109,684.21 | 101,814.39 | 0.07% |
| COLGATE-PALMOLIVE CO | 9,400 | USD | 564,430.21 | 656,935.97 | 0.46% |
| CONSOLIDATED EDISON INC. | 4,200 | USD | 305,448.08 | 248,076.50 | 0.17% |
| CSX CORP. | 8,651 | USD | 439,576.17 | 641,781.10 | 0.45% |
| CUMMINS INC. | 1,600 | USD | 220,916.05 | 296,971.93 | 0.21% |
| DAVITA INC. | 1,200 | USD | 87,876.62 | 115,140.37 | 0.08% |
| DEERE & CY | 3,400 | USD | 451,151.55 | 747,635.98 | 0.52% |
| DENTSPLY INTERNATIONAL INC. | 2,200 | USD | 103,661.67 | 94,145.72 | 0.07% |
| ECOLAB INC. | 2,902 | USD | 427,114.58 | 513,159.84 | 0.36% |
| EDWARDS LIFESCIENCES CORP. | 7,000 | USD | 339,167.25 | 521,932.08 | 0.36% |
| ELECTRONIC ARTS | 3,200 | USD | 305,411.47 | 375,562.91 | 0.26% |
| EQUINIX INC. | 1,016 | USD | 462,965.72 | 593,034.11 | 0.41% |
| EVERSOURCE ENERGY | 3,753 | USD | 224,283.74 | 265,352.48 | 0.18% |
| EXPEDITORS INTERNATIONAL OF WASHINGTON | 2,300 | USD | 150,598.28 | 178,785.50 | 0.12% |
| FACTSET RESEARCH SYSTEMS INC. | 500 | USD | 127,547.87 | 135,875.12 | 0.09% |
| FASTENAL CO | 7,000 | USD | 228,300.45 | 279,359.24 | 0.19% |
| FORTUNE BRANDS HOME SECURITY INC. | 1,600 | USD | 73,843.35 | 112,093.50 | 0.08% |
| FRANKLIN RESOURCES INC. | 4,800 | USD | 114,491.70 | 98,036.04 | 0.07% |
| GENERAL MILLS INC. | 6,900 | USD | 339,608.83 | 331,592.50 | 0.23% |
| GILEAD SCIENCES INC. | 14,400 | USD | 906,413.75 | 685,663.85 | 0.48% |
| HASBRO INC. | 1,600 | USD | 121,959.12 | 122,319.48 | 0.09% |
| HCA HEALTHCARE INC. | 3,100 | USD | 279,455.72 | 416,677.70 | 0.29% |
| HEALTHPEAK PROPERTIES INC. | 6,700 | USD | 149,326.58 | 165,535.53 | 0.12% |
| HENRY SCHEIN INC. | 2,000 | USD | 137,036.97 | 109,288.55 | 0.08% |
| HOLOGIC INC. | 3,300 | USD | 166,152.07 | 196,427.61 | 0.14% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| HOME DEPOT | 12,700 | USD | 2,304,018.39 | 2,757,038.13 | 1.92% |
| --- | --- | --- | --- | --- | --- |
| HUMANA INC. | 1,550 | USD | 564,781.05 | 519,732.34 | 0.36% |
| IDEX CORP. | 1,000 | USD | 135,461.17 | 162,804.95 | 0.11% |
| IDEXX LABORATORIES INC. | 950 | USD | 170,180.50 | 388,113.69 | 0.27% |
| IHS MARKIT LTD | 4,150 | USD | 208,217.45 | 304,682.69 | 0.21% |
| ILLINOIS TOOL WORKS INC. | 3,600 | USD | 499,173.78 | 599,867.60 | 0.42% |
| INTERNATIONAL FLAVORS & FRAGRANCES | 1,000 | USD | 119,487.69 | 88,954.27 | 0.06% |
| INVESCO PLC | 3,600 | USD | 60,540.55 | 51,283.56 | 0.04% |
| IRON MOUNTAIN REIT INC. | 3,700 | USD | 114,157.16 | 89,147.15 | 0.06% |
| JAZZ PHARMACEUTICALS PLC | 800 | USD | 106,474.22 | 107,915.49 | 0.08% |
| JOHNSON CONTROLS INTERNATIONAL PLC | 8,465 | USD | 312,675.31 | 322,327.94 | 0.22% |
| KANSAS CITY SOUTHERN | 1,321 | USD | 137,256.77 | 220,387.99 | 0.15% |
| KELLOGG CO | 3,200 | USD | 190,245.23 | 162,752.65 | 0.11% |
| KEYCORP | 10,158 | USD | 152,153.44 | 136,237.00 | 0.09% |
| KIMBERLY-CLARK CORP. | 3,916 | USD | 457,507.76 | 431,526.53 | 0.30% |
| LIBERTY GLOBAL PLC -A- | 1,900 | USD | 54,842.17 | 37,641.29 | 0.03% |
| LIBERTY GLOBAL PLC -C- | 6,000 | USD | 156,965.81 | 115,974.01 | 0.08% |
| LOWE'S COMPANIES INC. | 9,000 | USD | 1,082,682.65 | 1,180,654.65 | 0.82% |
| LULULEMON ATHLETICA INC. | 1,400 | USD | 385,995.40 | 398,282.87 | 0.28% |
| M&T BANK CORP. | 1,600 | USD | 185,762.70 | 166,466.43 | 0.12% |
| MARSH & MC LENNAN | 5,771 | USD | 461,685.79 | 551,842.59 | 0.38% |
| METTLER TOLEDO INTERNATIONAL INC. | 310 | USD | 175,532.65 | 288,750.60 | 0.20% |
| MICROSOFT CORP. | 84,531 | USD | 9,013,396.65 | 15,366,258.04 | 10.69% |
| MOHAWK INDUSTRIES INC. | 900 | USD | 170,759.61 | 103,677.82 | 0.07% |
| MOODY'S CORP. | 1,900 | USD | 342,298.95 | 450,701.65 | 0.31% |
| MOSAIC CO | 4,700 | USD | 113,900.22 | 88,387.89 | 0.06% |
| NEWMONT CORP. | 9,100 | USD | 346,484.45 | 445,424.38 | 0.31% |
| NIKE INC. -B- | 14,651 | USD | 1,082,884.99 | 1,693,986.33 | 1.18% |
| NIO INC. -ADR- | 13,500 | USD | 120,154.18 | 537,771.24 | 0.37% |
| NORFOLK SOUTHERN CORP. | 3,100 | USD | 449,785.76 | 602,011.36 | 0.42% |
| NORTHERN TRUST CORP. | 2,134 | USD | 165,311.33 | 162,445.96 | 0.11% |
| NVIDIA CORP. | 7,240 | USD | 1,654,089.38 | 3,089,966.08 | 2.15% |
| ONEOK NEW | 6,084 | USD | 257,679.80 | 190,841.34 | 0.13% |
| OWENS CORNING INC. | 1,200 | USD | 65,329.60 | 74,301.83 | 0.05% |
| PEPSICO INC. | 16,300 | USD | 1,685,386.42 | 1,975,636.47 | 1.37% |
| PHILLIPS 66 | 4,600 | USD | 349,471.22 | 262,943.08 | 0.18% |
| PNC FINANCIAL SERVICES GROUP | 5,150 | USD | 585,101.15 | 627,150.50 | 0.44% |
| POLYUS P.J.S.C. GDR | 1,200 | USD | 91,426.23 | 98,859.87 | 0.07% |
| PRINCIPAL FINANCIAL GROUP INC. | 3,600 | USD | 175,197.05 | 145,818.32 | 0.10% |
| PROCTER & GAMBLE | 29,100 | USD | 2,668,161.06 | 3,309,201.91 | 2.30% |
| PROLOGIS INC. | 8,300 | USD | 542,677.15 | 676,047.57 | 0.47% |
| PRUDENTIAL FINANCE INC. | 4,300 | USD | 349,062.90 | 274,366.39 | 0.19% |
| QUEST DIAGNOSTICS INC. | 1,700 | USD | 146,138.06 | 165,574.76 | 0.12% |
| REGIONS FINANCIAL CORP. | 12,600 | USD | 126,139.09 | 166,002.21 | 0.12% |
| RESMED INC. | 1,601 | USD | 164,827.81 | 278,132.12 | 0.19% |
| RITCHIE BROTHERS AUCTIONEERS INC. | 1,946 | USD | 89,571.93 | 110,616.08 | 0.08% |
| ROBERT HALF INTERNATIONAL INC. | 1,300 | USD | 59,721.33 | 66,383.88 | 0.05% |
| ROCKWELL AUTOMATION INC. | 1,524 | USD | 226,554.33 | 312,397.89 | 0.22% |
| ROPER TECHNOLOGIES INC. | 1,200 | USD | 424,486.96 | 422,792.69 | 0.29% |
| SALESFORCE.COM INC. | 10,757 | USD | 1,475,100.87 | 1,953,939.97 | 1.36% |
| SEMPRA ENERGY | 3,600 | USD | 395,532.26 | 374,873.12 | 0.26% |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| STATE STREET CORP. | 3,900 | USD | 265,311.22 | 231,982.35 | 0.16% |
| --- | --- | --- | --- | --- | --- |
| STEEL DYNAMICS INC. | 2,900 | USD | 69,670.30 | 87,387.52 | 0.06% |
| STERIS PLC | 944 | USD | 137,814.54 | 146,234.94 | 0.10% |
| SVB FINANCIAL GROUP | 700 | USD | 139,384.84 | 221,879.78 | 0.15% |
| TELADOC INC. | 1,500 | USD | 239,749.87 | 245,139.14 | 0.17% |
| TELEDYNE TECHNOLOGIES INC. | 500 | USD | 169,200.85 | 160,181.44 | 0.11% |
| TESLA INC. | 8,719 | USD | 1,088,531.54 | 5,028,594.44 | 3.50% |
| TIFFANY & CO | 1,343 | USD | 136,006.27 | 144,282.91 | 0.10% |
| TRACTOR SUPPLY CO | 1,400 | USD | 108,770.16 | 160,853.25 | 0.11% |
| TRANE TECHNOLOGIES PLC | 2,600 | USD | 204,554.27 | 308,459.81 | 0.21% |
| TRAVELERS COMPANIES INC. | 2,797 | USD | 309,418.65 | 320,881.77 | 0.22% |
| T ROWE PRICE GROUP INC. | 2,500 | USD | 228,469.53 | 309,325.32 | 0.22% |
| UGI CORP. | 2,800 | USD | 80,640.41 | 80,003.27 | 0.06% |
| VAIL RESORTS INC. | 500 | USD | 91,787.36 | 113,996.16 | 0.08% |
| VARIAN MEDICAL SYSTEMS INC. | 1,200 | USD | 148,486.34 | 171,641.53 | 0.12% |
| VERTEX PHARMACEUTIC | 2,941 | USD | 466,668.74 | 568,081.35 | 0.40% |
| VF CORP. | 3,670 | USD | 231,562.65 | 256,184.63 | 0.18% |
| WALT DISNEY CO | 21,162 | USD | 2,177,395.88 | 3,133,612.16 | 2.18% |
| WATERS CORP. | 900 | USD | 140,859.17 | 181,993.38 | 0.13% |
| WEST PHARMACEUTICAL SERVICES INC. | 800 | USD | 164,483.46 | 185,238.04 | 0.13% |
| WW GRAINGER INC. | 470 | USD | 94,266.24 | 156,854.89 | 0.11% |
| XYLEM INC. | 2,400 | USD | 128,721.04 | 199,661.64 | 0.14% |
| ZOETIS INC. -A- | 5,500 | USD | 464,157.26 | 743,941.81 | 0.52% |
| Total U.S. DOLLAR |  |  | 58,520,692.87 | 78,912,261.49 | 54.89% |
| ABSA GROUP LTD | 11,603 | ZAR | 118,270.53 | 77,381.52 | 0.05% |
| BIDVEST GROUP LTD | 5,500 | ZAR | 66,466.12 | 48,051.88 | 0.03% |
| CLICKS GROUP LTD | 4,262 | ZAR | 57,885.78 | 59,918.35 | 0.04% |
| FIRSTRAND LTD | 61,479 | ZAR | 192,937.38 | 174,594.35 | 0.12% |
| GROWTHPOINT PROPERTIES LTD | 32,900 | ZAR | 56,441.01 | 23,010.39 | 0.02% |
| MR. PRICE GROUP LTD | 3,500 | ZAR | 42,682.62 | 33,232.81 | 0.02% |
| MTN GROUP N.V. | 19,128 | ZAR | 151,297.95 | 64,059.95 | 0.04% |
| MULTICHOICE GROUP LTD | 5,291 | ZAR | 42,772.44 | 39,448.93 | 0.03% |
| NASPERS -N- | 4,969 | ZAR | 697,210.17 | 834,786.03 | 0.58% |
| NEDBANK GROUP | 5,500 | ZAR | 77,919.45 | 39,623.98 | 0.03% |
| OLD MUTUAL LTD | 59,920 | ZAR | 80,369.26 | 39,641.16 | 0.03% |
| STANDARD BANK GROUP | 12,342 | ZAR | 130,546.93 | 87,268.09 | 0.06% |
| VODACOM GROUP LTD | 10,000 | ZAR | 87,412.97 | 69,211.49 | 0.05% |
| WOOLWORTHS HLDG LTD | 15,218 | ZAR | 59,406.91 | 33,480.12 | 0.02% |
| Total SOUTH AFRICAN RAND |  |  | 1,861,619.52 | 1,623,709.05 | 1.13% |
| Total Shares & Related Securities |  |  | 114,538,695.00 | 143,772,200.09 | 100.01% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 114,538,695.00 | 143,772,200.09 | 100.01% |
| Other Transferable Securities |  |  |  |  |  |

World SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| LEND LEASE CORP. LTD | 9,248 | AUD | 98,511.73 | 76,405.65 | 0.05% |
| --- | --- | --- | --- | --- | --- |
| RAMSAY HEALTHCARE LTD RHC | 1,610 | AUD | 66,085.15 | 63,136.86 | 0.04% |
| Total AUSTRALIAN DOLLAR |  |  | 164,596.88 | 139,542.51 | 0.10% |
| WHITBREAD PLC | 2,658 | GBP | 74,880.75 | 92,054.52 | 0.06% |
| Total BRITISH POUND |  |  | 74,880.75 | 92,054.52 | 0.06% |
| SUPERMAX CORP. -DVSE-20201207 | 30,000 | MYR | 0.00 | 813.73 | 0.00% |
| Total MALAYSIAN RINGGIT |  |  | 0.00 | 813.73 | 0.00% |
| Total Other Transferable Securities |  |  | 239,477.63 | 232,410.76 | 0.16% |
| Total Portfolio |  |  | 114,778,172.63 | 144,004,610.85 | 100.18% |

|  |
| --- |
| US SRI MSCI Index |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| LINDE PLC | 37,479 | EUR | 6,667,591.47 | 7,983,027.00 | 1.64% |
| Total EURO |  |  | 6,667,591.47 | 7,983,027.00 | 1.64% |
| ABIOMED INC. | 3,145 | USD | 667,416.90 | 833,320.26 | 0.17% |
| ACCENTURE PLC -A- | 45,673 | USD | 7,699,136.31 | 9,750,516.39 | 2.01% |
| AGILENT TECHNOLOGIES INC. | 22,959 | USD | 1,642,431.62 | 2,223,376.17 | 0.46% |
| ALLEGION PLC | 6,097 | USD | 522,313.62 | 579,926.33 | 0.12% |
| ALLY FINANCIAL INC. | 25,200 | USD | 546,934.65 | 734,446.49 | 0.15% |
| AMERICAN EXPRESS COMPANY | 48,857 | USD | 4,219,539.99 | 4,828,000.38 | 0.99% |
| AMERICAN TOWER CORP. | 31,940 | USD | 6,100,711.70 | 5,859,386.54 | 1.21% |
| AMERISOURCEBERGEN CORP. | 10,419 | USD | 842,213.46 | 832,464.09 | 0.17% |
| AMGEN INC. | 42,026 | USD | 8,205,498.24 | 7,897,199.07 | 1.63% |
| APTIV PLC | 18,844 | USD | 1,281,410.60 | 2,006,607.63 | 0.41% |
| AXALTA COATING SYSTEMS LTD | 17,030 | USD | 401,499.98 | 397,373.63 | 0.08% |
| BAKER HUGHES-A GE CO | 50,975 | USD | 943,703.57 | 868,643.50 | 0.18% |
| BALL CORP. | 22,944 | USD | 1,390,158.92 | 1,747,310.63 | 0.36% |
| BECTON DICKINSON | 20,790 | USD | 4,484,842.87 | 4,251,623.39 | 0.88% |
| BEST BUY CO INC. | 16,372 | USD | 1,139,518.89 | 1,335,263.68 | 0.28% |
| BIOGEN INC. | 11,496 | USD | 2,906,933.27 | 2,300,609.34 | 0.47% |
| BLACKROCK INC. | 10,915 | USD | 4,999,933.40 | 6,436,687.59 | 1.33% |
| BNY MELLON CORP. | 56,091 | USD | 1,991,573.44 | 1,945,569.89 | 0.40% |
| BORGWARNER INC. | 18,173 | USD | 549,029.81 | 573,907.66 | 0.12% |
| BOSTON PROPERTIES INC. | 10,630 | USD | 1,021,014.69 | 821,261.00 | 0.17% |
| BUNGE LTD | 10,040 | USD | 421,860.80 | 538,125.29 | 0.11% |
| C.H. ROBINSON WORLDWIDE INC. | 9,270 | USD | 667,012.34 | 711,188.67 | 0.15% |
| CABLE ONE INC. | 330 | USD | 530,575.75 | 600,831.68 | 0.12% |
| CAMPBELL SOUP COMPANY | 12,959 | USD | 543,528.52 | 512,089.94 | 0.11% |
| CARDINAL HEALTH INC. | 20,784 | USD | 1,019,718.83 | 909,804.29 | 0.19% |
| CATERPILLAR INC. | 39,318 | USD | 4,473,534.08 | 5,849,096.78 | 1.21% |
| CB RICHARD ELLIS GROUP INC. -A- | 24,832 | USD | 1,023,695.56 | 1,272,905.10 | 0.26% |
| CENTENE CORP. | 40,996 | USD | 2,210,186.52 | 2,011,352.11 | 0.41% |
| CENTERPOINT ENERGY INC. | 40,400 | USD | 786,969.79 | 714,524.13 | 0.15% |
| CERNER CORP. | 21,163 | USD | 1,285,615.74 | 1,357,420.82 | 0.28% |
| CHARLES SCHWAB CORP. | 109,593 | USD | 3,743,079.87 | 4,750,776.61 | 0.98% |
| CHUBB LTD | 31,459 | USD | 3,623,197.71 | 3,957,475.61 | 0.82% |
| CIGNA CORP. | 26,431 | USD | 3,692,370.26 | 4,497,082.73 | 0.93% |
| CLOROX CY | 8,828 | USD | 1,436,916.23 | 1,456,867.12 | 0.30% |
| CME GROUP INC. -A- | 26,138 | USD | 3,925,939.69 | 3,889,030.20 | 0.80% |
| COLGATE-PALMOLIVE CO | 57,651 | USD | 3,583,424.89 | 4,029,044.18 | 0.83% |
| CONSOLIDATED EDISON INC. | 24,700 | USD | 1,703,996.82 | 1,458,926.08 | 0.30% |
| CSX CORP. | 54,764 | USD | 3,216,690.15 | 4,062,709.56 | 0.84% |
| CUMMINS INC. | 10,290 | USD | 1,516,036.32 | 1,909,900.70 | 0.39% |
| DAVITA INC. | 5,442 | USD | 394,431.74 | 522,161.58 | 0.11% |
| DEERE & CY | 21,404 | USD | 2,990,008.06 | 4,706,588.37 | 0.97% |
| DENTSPLY INTERNATIONAL INC. | 15,685 | USD | 625,663.61 | 671,216.22 | 0.14% |
| ECOLAB INC. | 18,415 | USD | 2,954,315.80 | 3,256,319.24 | 0.67% |

US SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| EDWARDS LIFESCIENCES CORP. | 44,751 | USD | 2,552,227.63 | 3,336,711.81 | 0.69% |
| --- | --- | --- | --- | --- | --- |
| ELECTRONIC ARTS | 21,153 | USD | 2,226,574.90 | 2,482,588.21 | 0.51% |
| EQUINIX INC. | 6,381 | USD | 3,492,876.97 | 3,724,557.71 | 0.77% |
| EVERSOURCE ENERGY | 23,991 | USD | 1,644,186.98 | 1,696,262.03 | 0.35% |
| EXPEDITORS INTERNATIONAL OF WASHINGTON | 12,495 | USD | 823,549.78 | 971,271.67 | 0.20% |
| FACTSET RESEARCH SYSTEMS INC. | 2,577 | USD | 697,396.07 | 700,300.36 | 0.14% |
| FASTENAL CO | 40,327 | USD | 1,333,221.33 | 1,609,388.59 | 0.33% |
| FORTUNE BRANDS HOME SECURITY INC. | 9,296 | USD | 532,918.90 | 651,263.23 | 0.13% |
| FRANKLIN RESOURCES INC. | 24,637 | USD | 560,007.53 | 503,190.41 | 0.10% |
| GENERAL MILLS INC. | 44,832 | USD | 2,294,187.73 | 2,154,486.21 | 0.44% |
| GILEAD SCIENCES INC. | 89,360 | USD | 5,649,575.28 | 4,254,925.10 | 0.88% |
| HASBRO INC. | 9,556 | USD | 704,968.26 | 730,553.10 | 0.15% |
| HCA HEALTHCARE INC. | 19,581 | USD | 1,881,790.39 | 2,631,924.53 | 0.54% |
| HEALTHPEAK PROPERTIES INC. | 37,014 | USD | 872,288.10 | 914,497.34 | 0.19% |
| HENRY SCHEIN INC. | 10,342 | USD | 586,658.54 | 565,131.07 | 0.12% |
| HOLOGIC INC. | 19,600 | USD | 1,021,560.54 | 1,166,660.95 | 0.24% |
| HOME DEPOT | 77,231 | USD | 15,591,881.57 | 16,766,048.15 | 3.45% |
| HUMANA INC. | 9,709 | USD | 3,470,472.12 | 3,255,536.29 | 0.67% |
| IDEX CORP. | 5,410 | USD | 737,996.98 | 880,774.79 | 0.18% |
| IDEXX LABORATORIES INC. | 5,969 | USD | 1,474,060.55 | 2,438,579.57 | 0.50% |
| IHS MARKIT LTD | 27,541 | USD | 1,625,443.09 | 2,021,991.77 | 0.42% |
| ILLINOIS TOOL WORKS INC. | 22,810 | USD | 3,360,173.92 | 3,800,827.76 | 0.78% |
| INTERNATIONAL FLAVORS & FRAGRANCES | 6,268 | USD | 720,680.96 | 557,565.38 | 0.11% |
| INVESCO PLC | 32,496 | USD | 435,131.96 | 462,919.60 | 0.10% |
| IRON MOUNTAIN REIT INC. | 20,067 | USD | 525,005.19 | 483,490.79 | 0.10% |
| JAZZ PHARMACEUTICALS PLC | 3,759 | USD | 410,842.80 | 507,067.92 | 0.10% |
| JOHNSON CONTROLS INTERNATIONAL PLC | 52,764 | USD | 1,696,393.79 | 2,009,133.06 | 0.41% |
| KANSAS CITY SOUTHERN | 6,381 | USD | 742,407.12 | 1,064,569.11 | 0.22% |
| KELLOGG CO | 18,312 | USD | 1,060,398.32 | 931,352.02 | 0.19% |
| KEYCORP | 73,000 | USD | 912,414.66 | 979,060.93 | 0.20% |
| KIMBERLY-CLARK CORP. | 24,749 | USD | 3,006,609.73 | 2,727,234.42 | 0.56% |
| LIBERTY GLOBAL PLC -A- | 14,080 | USD | 311,787.50 | 278,941.77 | 0.06% |
| LIBERTY GLOBAL PLC -C- | 25,620 | USD | 556,681.59 | 495,209.02 | 0.10% |
| LOWE'S COMPANIES INC. | 53,826 | USD | 6,465,226.86 | 7,061,101.92 | 1.45% |
| LULULEMON ATHLETICA INC. | 8,726 | USD | 2,388,725.73 | 2,482,440.20 | 0.51% |
| M&T BANK CORP. | 9,085 | USD | 1,029,292.64 | 945,217.20 | 0.19% |
| MARSH & MC LENNAN | 36,784 | USD | 3,247,153.44 | 3,517,410.81 | 0.72% |
| METTLER TOLEDO INTERNATIONAL INC. | 1,689 | USD | 1,133,344.96 | 1,573,225.06 | 0.32% |
| MICROSOFT CORP. | 516,200 | USD | 74,439,460.20 | 93,836,135.83 | 19.33% |
| MOHAWK INDUSTRIES INC. | 4,290 | USD | 524,913.11 | 494,197.62 | 0.10% |
| MOODY'S CORP. | 12,163 | USD | 2,522,900.23 | 2,885,202.17 | 0.59% |
| MOSAIC CO | 28,830 | USD | 448,119.78 | 542,175.06 | 0.11% |
| NEWMONT CORP. | 56,401 | USD | 2,533,428.13 | 2,760,701.15 | 0.57% |
| NIKE INC. -B- | 89,844 | USD | 7,086,412.23 | 10,387,994.51 | 2.14% |
| NORFOLK SOUTHERN CORP. | 18,500 | USD | 2,740,338.05 | 3,592,648.44 | 0.74% |
| NORTHERN TRUST CORP. | 13,824 | USD | 1,022,366.59 | 1,052,321.00 | 0.22% |
| NVIDIA CORP. | 44,277 | USD | 12,675,424.58 | 18,897,020.47 | 3.89% |
| ONEOK NEW | 32,000 | USD | 1,148,081.07 | 1,003,767.73 | 0.21% |
| OWENS CORNING INC. | 7,936 | USD | 397,643.07 | 491,382.75 | 0.10% |
| PEPSICO INC. | 99,043 | USD | 11,025,645.21 | 12,004,476.24 | 2.47% |
| PHILLIPS 66 | 30,769 | USD | 2,134,055.16 | 1,758,803.37 | 0.36% |

US SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| PNC FINANCIAL SERVICES GROUP | 30,483 | USD | 3,142,765.85 | 3,712,122.10 | 0.76% |
| --- | --- | --- | --- | --- | --- |
| PRINCIPAL FINANCIAL GROUP INC. | 20,200 | USD | 806,297.43 | 818,202.77 | 0.17% |
| PROCTER & GAMBLE | 179,100 | USD | 18,031,236.50 | 20,366,943.73 | 4.20% |
| PROLOGIS INC. | 52,092 | USD | 3,843,000.18 | 4,242,972.27 | 0.87% |
| PRUDENTIAL FINANCE INC. | 27,453 | USD | 1,799,163.43 | 1,751,669.90 | 0.36% |
| QUEST DIAGNOSTICS INC. | 10,235 | USD | 966,738.90 | 996,857.46 | 0.21% |
| REGIONS FINANCIAL CORP. | 67,000 | USD | 659,870.91 | 882,710.15 | 0.18% |
| RESMED INC. | 10,699 | USD | 1,408,671.96 | 1,858,673.07 | 0.38% |
| ROBERT HALF INTERNATIONAL INC. | 7,339 | USD | 361,485.19 | 374,762.55 | 0.08% |
| ROCKWELL AUTOMATION INC. | 8,154 | USD | 1,373,260.43 | 1,671,451.71 | 0.34% |
| ROPER TECHNOLOGIES INC. | 7,504 | USD | 2,652,936.64 | 2,643,863.64 | 0.54% |
| SALESFORCE.COM INC. | 65,106 | USD | 10,095,310.73 | 11,826,086.80 | 2.44% |
| SEMPRA ENERGY | 20,328 | USD | 2,227,348.13 | 2,116,783.52 | 0.44% |
| STATE STREET CORP. | 26,265 | USD | 1,564,255.51 | 1,562,311.88 | 0.32% |
| STEEL DYNAMICS INC. | 15,065 | USD | 355,598.56 | 453,963.10 | 0.09% |
| STERIS PLC | 6,117 | USD | 814,164.82 | 947,583.82 | 0.20% |
| SVB FINANCIAL GROUP | 3,718 | USD | 718,021.51 | 1,178,498.58 | 0.24% |
| TELADOC INC. | 7,922 | USD | 1,346,891.59 | 1,294,661.53 | 0.27% |
| TELEDYNE TECHNOLOGIES INC. | 2,871 | USD | 876,006.80 | 919,761.82 | 0.19% |
| TESLA INC. | 53,400 | USD | 9,054,565.02 | 30,797,906.09 | 6.35% |
| TIFFANY & CO | 8,300 | USD | 866,443.08 | 891,696.29 | 0.18% |
| TRACTOR SUPPLY CO | 8,654 | USD | 846,121.16 | 994,302.91 | 0.20% |
| TRANE TECHNOLOGIES PLC | 17,623 | USD | 1,453,240.89 | 2,090,764.32 | 0.43% |
| TRAVELERS COMPANIES INC. | 18,783 | USD | 2,004,952.90 | 2,154,852.45 | 0.44% |
| T ROWE PRICE GROUP INC. | 16,145 | USD | 1,633,443.85 | 1,997,622.94 | 0.41% |
| UGI CORP. | 14,402 | USD | 408,132.18 | 411,502.53 | 0.08% |
| VAIL RESORTS INC. | 3,000 | USD | 585,167.75 | 683,976.95 | 0.14% |
| VARIAN MEDICAL SYSTEMS INC. | 6,404 | USD | 751,266.22 | 915,993.66 | 0.19% |
| VERTEX PHARMACEUTIC | 18,667 | USD | 3,823,421.38 | 3,605,703.71 | 0.74% |
| VF CORP. | 24,298 | USD | 1,428,143.84 | 1,696,123.72 | 0.35% |
| WALT DISNEY CO | 130,046 | USD | 13,707,024.33 | 19,256,862.64 | 3.97% |
| WATERS CORP. | 4,521 | USD | 782,722.02 | 914,213.41 | 0.19% |
| WEST PHARMACEUTICAL SERVICES INC. | 5,178 | USD | 1,040,980.18 | 1,198,953.19 | 0.25% |
| WW GRAINGER INC. | 3,190 | USD | 819,560.88 | 1,064,610.85 | 0.22% |
| XYLEM INC. | 13,500 | USD | 859,080.71 | 1,123,096.73 | 0.23% |
| ZOETIS INC. -A- | 34,418 | USD | 3,676,740.77 | 4,655,452.58 | 0.96% |
| Total U.S. DOLLAR |  |  | 391,183,519.06 | 476,982,682.24 | 98.28% |
| Total Shares & Related Securities |  |  | 397,851,110.53 | 484,965,709.24 | 99.92% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 397,851,110.53 | 484,965,709.24 | 99.92% |
| Total Portfolio |  |  | 397,851,110.53 | 484,965,709.24 | 99.92% |

|  |
| --- |
| EMU SRI MSCI Index |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| ACCOR | 8,341 | EUR | 216,635.24 | 246,893.60 | 0.43% |
| ADIDAS A.G. | 8,591 | EUR | 2,046,243.51 | 2,559,258.90 | 4.49% |
| AKZO NOBEL N.V. - ORDSHR | 8,704 | EUR | 717,297.94 | 764,733.44 | 1.34% |
| ALLIANZ A.G. -REG- | 18,820 | EUR | 3,468,909.45 | 3,777,174.00 | 6.62% |
| AMUNDI S.A. | 2,653 | EUR | 178,138.61 | 177,220.40 | 0.31% |
| ASML HLDG N.V. | 19,195 | EUR | 4,875,811.19 | 7,630,972.25 | 13.38% |
| AXA | 87,227 | EUR | 1,822,355.81 | 1,701,973.22 | 2.99% |
| BANCO BILBAO VIZCAYA | 301,361 | EUR | 1,384,105.15 | 1,215,991.64 | 2.13% |
| BEIERSDORF A.G. | 4,594 | EUR | 457,346.05 | 433,857.36 | 0.76% |
| CARREFOUR S.A. | 27,868 | EUR | 383,554.43 | 390,988.04 | 0.69% |
| CNP ASSURANCES | 8,068 | EUR | 105,737.57 | 106,336.24 | 0.19% |
| CRH PLC. | 35,324 | EUR | 1,120,029.36 | 1,201,722.48 | 2.11% |
| DANONE | 27,761 | EUR | 1,764,092.57 | 1,492,431.36 | 2.62% |
| DEUTSCHE BOERSE A.G. | 8,576 | EUR | 1,045,222.16 | 1,194,208.00 | 2.09% |
| ELIA GROUP | 1,400 | EUR | 132,720.00 | 136,500.00 | 0.24% |
| ELISA -A- | 6,344 | EUR | 340,629.71 | 284,655.28 | 0.50% |
| ERSTE GROUP BANK A.G. | 12,509 | EUR | 256,768.06 | 311,974.46 | 0.55% |
| GECINA | 2,090 | EUR | 294,984.25 | 263,967.00 | 0.46% |
| GETLINK SE | 19,289 | EUR | 256,202.38 | 273,518.02 | 0.48% |
| HENKEL | 8,056 | EUR | 789,562.86 | 743,568.80 | 1.30% |
| HENKEL | 4,606 | EUR | 411,299.14 | 363,183.10 | 0.64% |
| INDUSTRIA DE DISENO TEXTIL S.A. | 49,278 | EUR | 1,422,530.65 | 1,283,199.12 | 2.25% |
| INTESA SAN PAOLO SpA | 746,552 | EUR | 1,614,544.05 | 1,427,855.36 | 2.50% |
| JERONIMO MARTINS SGPS S.A. | 11,298 | EUR | 179,813.19 | 156,138.36 | 0.27% |
| KBC GROUP S.A. | 11,087 | EUR | 653,518.65 | 635,063.36 | 1.11% |
| KERRY GROUP PLC | 7,181 | EUR | 743,517.72 | 850,948.50 | 1.49% |
| KONINKLIJKE DSM N.V. | 7,772 | EUR | 911,847.33 | 1,094,297.60 | 1.92% |
| KONINKLIJKE VOPAK | 2,958 | EUR | 137,919.82 | 127,164.42 | 0.22% |
| L'OREAL | 11,297 | EUR | 2,760,586.24 | 3,511,107.60 | 6.16% |
| MERCK KGAA | 5,764 | EUR | 632,708.51 | 808,977.40 | 1.42% |
| MICHELIN -B- | 7,543 | EUR | 793,781.04 | 791,637.85 | 1.39% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT A.G. | 6,319 | EUR | 1,376,329.06 | 1,534,253.20 | 2.69% |
| NATIXIS | 38,075 | EUR | 149,552.14 | 106,191.18 | 0.19% |
| NESTE CORP. | 19,231 | EUR | 597,956.75 | 1,137,705.96 | 2.00% |
| ORANGE | 90,395 | EUR | 1,145,852.93 | 879,904.93 | 1.54% |
| ORION CORP. (NEW) -B- | 4,986 | EUR | 178,223.33 | 187,124.58 | 0.33% |
| RED ELECTRICA CORPORACION S.A. | 19,548 | EUR | 339,757.52 | 327,917.70 | 0.58% |
| SAP A.G. | 46,964 | EUR | 4,905,557.85 | 5,035,480.08 | 8.83% |
| SARTORIUS VZ | 1,622 | EUR | 359,311.02 | 557,319.20 | 0.98% |
| SCHNEIDER ELECTRIC SE | 24,276 | EUR | 2,104,887.89 | 2,871,850.80 | 5.04% |
| SEB S.A. | 1,031 | EUR | 131,331.80 | 153,619.00 | 0.27% |
| SIEMENS -NOM- | 34,507 | EUR | 3,826,346.97 | 4,055,262.64 | 7.11% |
| SNAM SpA | 91,000 | EUR | 427,973.00 | 418,691.00 | 0.73% |
| TERNA SpA | 62,222 | EUR | 390,256.38 | 388,887.50 | 0.68% |
| UMICORE S.A. | 8,873 | EUR | 325,859.65 | 348,620.17 | 0.61% |
| UNIBAIL RODAMCO WESTFIELD | 6,267 | EUR | 873,990.30 | 404,722.86 | 0.71% |

EMU SRI MSCI Index
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| UPM-KYMMENE CORP. | 24,030 | EUR | 632,288.66 | 732,194.10 | 1.28% |
| --- | --- | --- | --- | --- | --- |
| VALEO S.A. | 10,292 | EUR | 279,198.35 | 332,225.76 | 0.58% |
| VERBUND A.G. | 3,030 | EUR | 178,315.50 | 211,645.50 | 0.37% |
| WARTSILA CORP. -B- | 18,662 | EUR | 197,284.35 | 152,095.30 | 0.27% |
| WOLTERS KLUWER N.V. | 12,311 | EUR | 884,320.69 | 850,197.66 | 1.49% |
| Total EURO |  |  | 51,223,006.78 | 56,643,426.28 | 99.35% |
| COCA-COLA EUROPEAN PARTNERS PLC | 9,110 | USD | 344,648.77 | 371,011.65 | 0.65% |
| Total U.S. DOLLAR |  |  | 344,648.77 | 371,011.65 | 0.65% |
| Total Shares & Related Securities |  |  | 51,567,655.55 | 57,014,437.93 | 100.00% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 51,567,655.55 | 57,014,437.93 | 100.00% |
| Total Portfolio |  |  | 51,567,655.55 | 57,014,437.93 | 100.00% |

(Content)
| Europe Behavioral Value | % Total Net Assets |
| --- | --- |
|  |
| FRANCE | 28.95 % |
| GERMANY | 15.97 % |
| UNITED KINGDOM | 15.93 % |
| SWEDEN | 6.78 % |
| NETHERLANDS | 6.62 % |
| BELGIUM | 6.20 % |
| SWITZERLAND | 3.69 % |
| ITALY | 3.43 % |
| AUSTRIA | 3.31 % |
| NORWAY | 2.40 % |
| SPAIN | 2.03 % |
| DENMARK | 1.88 % |
| LUXEMBURG | 1.83 % |
| ISLE OF MAN | 0.63 % |
| Total Portfolio | 99.65 % |

(Content)
| EMU Dividend | % Total Net Assets |
| --- | --- |
|  |
| FRANCE | 23.77 % |
| ITALY | 21.58 % |
| FINLAND | 14.41 % |
| PORTUGAL | 11.76 % |
| NETHERLANDS | 11.28 % |
| SPAIN | 8.66 % |
| BELGIUM | 3.21 % |
| AUSTRIA | 2.39 % |
| LUXEMBURG | 1.44 % |
| Total Portfolio | 98.50 % |

(Content)
|  |  |
| --- | --- |
| Emerging MSCI Index | % Total Net Assets |
|  |
| CAYMAN ISLANDS | 24.26 % |
| SOUTH KOREA | 13.51 % |
| TAIWAN | 12.52 % |
| INDIA | 9.17 % |
| CHINA | 7.38 % |
| IRELAND | 7.31 % |
| BRAZIL | 5.10 % |
| SOUTH AFRICA | 3.40 % |
| RUSSIA | 2.52 % |
| THAILAND | 1.81 % |
| HONG-KONG | 1.80 % |
| MEXICO | 1.76 % |
| MALAYSIA | 1.55 % |
| INDONESIA | 1.32 % |
| BERMUDA | 0.81 % |
| PHILIPPINES | 0.73 % |
| QATAR | 0.69 % |
| POLAND | 0.64 % |
| UNITED ARAB EMIRATES | 0.53 % |
| CHILE | 0.51 % |
| KUWAIT | 0.47 % |
| TURKEY | 0.38 % |
| UNITED STATES OF AMERICA | 0.38 % |
| NETHERLANDS | 0.32 % |
| LUXEMBURG | 0.23 % |
| HUNGARY | 0.22 % |
| COLOMBIA | 0.20 % |
| GREECE | 0.12 % |
| CZECH REPUBLIC | 0.09 % |
| JERSEY | 0.07 % |
| PERU | 0.04 % |
| ISLE OF MAN | 0.03 % |
| SINGAPORE | 0.02 % |
| ARGENTINA | 0.01 % |
| Total Portfolio | 99.90 % |

(Content)
|  |  |
| --- | --- |
| World SRI MSCI Index | % Total Net Assets |
|  |
| UNITED STATES OF AMERICA | 51.31 % |
| JAPAN | 7.54 % |
| UNITED KINGDOM | 3.95 % |
| TAIWAN | 3.88 % |
| GERMANY | 3.78 % |
| SWITZERLAND | 3.44 % |
| CANADA | 2.87 % |
| FRANCE | 2.50 % |
| IRELAND | 2.42 % |
| CAYMAN ISLANDS | 2.06 % |
| NETHERLANDS | 1.92 % |
| AUSTRALIA | 1.80 % |
| DENMARK | 1.78 % |
| SOUTH AFRICA | 1.13 % |
| SOUTH KOREA | 1.10 % |
| INDIA | 0.99 % |
| HONG-KONG | 0.77 % |
| BRAZIL | 0.77 % |
| SWEDEN | 0.73 % |
| SPAIN | 0.51 % |
| MALAYSIA | 0.47 % |
| FINLAND | 0.44 % |
| ITALY | 0.39 % |
| BERMUDA | 0.38 % |
| CHINA | 0.38 % |
| THAILAND | 0.36 % |
| INDONESIA | 0.34 % |
| SINGAPORE | 0.32 % |
| JERSEY | 0.28 % |
| NEW ZEALAND | 0.25 % |
| BELGIUM | 0.22 % |
| NORWAY | 0.21 % |
| MEXICO | 0.20 % |
| QATAR | 0.18 % |
| AUSTRIA | 0.11 % |
| PHILIPPINES | 0.10 % |
| UNITED ARAB EMIRATES | 0.09 % |
| CHILE | 0.08 % |
| RUSSIA | 0.07 % |
| PORTUGAL | 0.03 % |
| POLAND | 0.02 % |
| ISLE OF MAN | 0.01 % |
| Total Portfolio | 100.18 % |

(Content)
| US SRI MSCI Index | % Total Net Assets |
| --- | --- |
|  |
| UNITED STATES OF AMERICA | 92.91 % |
| IRELAND | 3.69 % |
| UNITED KINGDOM | 1.80 % |
| SWITZERLAND | 0.82 % |
| BERMUDA | 0.70 % |
| Total Portfolio | 99.92 % |

(Content)
|  |  |
| --- | --- |
| EMU SRI MSCI Index | % Total Net Assets |
|  |
| GERMANY | 36.95 % |
| FRANCE | 24.04 % |
| NETHERLANDS | 18.36 % |
| SPAIN | 4.96 % |
| FINLAND | 4.37 % |
| ITALY | 3.92 % |
| IRELAND | 3.60 % |
| BELGIUM | 1.96 % |
| AUSTRIA | 0.92 % |
| UNITED KINGDOM | 0.65 % |
| PORTUGAL | 0.27 % |
| Total Portfolio | 100.00 % |

| Europe Behavioral Value | % Total Net Assets |
| --- | --- |
|  |
| PHARMACOLOGY & PERSONAL CARE | 11.48 % |
| BANKS | 7.21 % |
| BUILDING MATERIALS | 6.71 % |
| FINANCIAL SERVICES - HOLDINGS | 5.62 % |
| INSURANCE COMPANIES | 5.57 % |
| OIL & DERIVED | 4.82 % |
| FOOD & CLEANING MATERIALS | 4.77 % |
| ENERGY SOURCES | 4.50 % |
| ROAD VEHICLES | 3.96 % |
| IT & INTERNET | 3.93 % |
| CHEMICAL PRODUCTS | 3.72 % |
| TELECOMMUNICATIONS | 3.47 % |
| MISCELLANEOUS CONSUMER GOODS | 3.26 % |
| MECHANICAL CONSTRUCTION | 2.91 % |
| PUBLISHING & BROADCASTING | 2.85 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 2.74 % |
| OTHER SERVICES | 2.69 % |
| TOBACCO & SPIRITS | 2.58 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 2.31 % |
| ROAD & RAILWAY TRANSPORTS | 2.01 % |
| OTHER SERVICES | 1.96 % |
| BIOTECHNOLOGY | 1.73 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 1.24 % |
| NONFERROUS METALS | 1.21 % |
| AEROSPACE INDUSTRY & DEFENCE | 1.19 % |
| REAL ESTATE | 1.19 % |
| DISTRIBUTION | 1.14 % |
| JEWELLERY & WATCHMAKING | 1.00 % |
| CONSUMER GOODS | 0.63 % |
| PRECIOUS METALS & STONES | 0.54 % |
| MISCELLANEOUS | 0.44 % |
| HEALTH CARE & SERVICES | 0.27 % |
| Total Portfolio | 99.65 % |

|  |  |
| --- | --- |
| EMU Dividend | % Total Net Assets |
|  |
| ENERGY SOURCES | 15.42 % |
| BANKS | 11.91 % |
| INSURANCE COMPANIES | 9.50 % |
| PHARMACOLOGY & PERSONAL CARE | 6.82 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 6.76 % |
| AIR TRANSPORT | 6.65 % |
| IT & INTERNET | 5.82 % |
| TELECOMMUNICATIONS | 5.65 % |
| BUILDING MATERIALS | 5.05 % |
| ROAD VEHICLES | 4.79 % |
| FINANCIAL SERVICES - HOLDINGS | 4.65 % |
| REAL ESTATE | 3.65 % |
| CHEMICAL PRODUCTS | 3.61 % |
| OIL & DERIVED | 3.39 % |
| FOOD & CLEANING MATERIALS | 2.79 % |
| ELECTRIC MATERIALS - ELECTRONIC | 1.52 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 0.52 % |
| Total Portfolio | 98.50 % |

|  |  |
| --- | --- |
| Emerging MSCI Index | % Total Net Assets |
|  |
| IT & INTERNET | 16.73 % |
| BANKS | 10.22 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 9.60 % |
| TELECOMMUNICATIONS | 8.75 % |
| UNIT TRUSTS, UCITS | 7.31 % |
| FINANCIAL SERVICES - HOLDINGS | 5.34 % |
| PHARMACOLOGY & PERSONAL CARE | 3.84 % |
| PHOTOGRAPHY & OPTICAL | 3.32 % |
| OIL & DERIVED | 3.16 % |
| ROAD VEHICLES | 3.03 % |
| CHEMICAL PRODUCTS | 2.99 % |
| INSURANCE COMPANIES | 2.33 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 2.18 % |
| DISTRIBUTION | 1.96 % |
| FOOD & CLEANING MATERIALS | 1.85 % |
| PUBLISHING & BROADCASTING | 1.72 % |
| REAL ESTATE | 1.71 % |
| ENERGY SOURCES | 1.44 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 1.35 % |
| BUILDING MATERIALS | 1.24 % |
| INFORMATION, TECHNOLOGY & COPIERS | 0.99 % |
| LEISURES & TOURISM | 0.86 % |
| NONFERROUS METALS | 0.78 % |
| OTHER SERVICES | 0.75 % |
| PRECIOUS METALS & STONES | 0.71 % |
| MECHANICAL CONSTRUCTION | 0.70 % |
| TEXTILE & GARMENTS | 0.64 % |
| TOBACCO & SPIRITS | 0.56 % |
| AIR TRANSPORT | 0.56 % |
| BIOTECHNOLOGY | 0.53 % |
| MISCELLANEOUS | 0.49 % |
| MISCELLANEOUS CONSUMER GOODS | 0.35 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 0.34 % |
| DIVERSIFIED COMPANIES | 0.26 % |
| HEALTH CARE & SERVICES | 0.25 % |
| AGRICULTURE & FISHING | 0.21 % |
| TYRES & RUBBER | 0.18 % |
| COMMERCIAL SERVICES - PUBLIC | 0.17 % |
| ROAD & RAILWAY TRANSPORTS | 0.17 % |
| AEROSPACE INDUSTRY & DEFENCE | 0.14 % |
| SHIPPING | 0.10 % |
| PACKAGING INDUSTRY | 0.06 % |
| OTHER SERVICES | 0.03 % |
| Total Portfolio | 99.90 % |

|  |  |
| --- | --- |
| World SRI MSCI Index | % Total Net Assets |
|  |
| IT & INTERNET | 16.50 % |
| FINANCIAL SERVICES - HOLDINGS | 9.91 % |
| PHARMACOLOGY & PERSONAL CARE | 8.66 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 7.35 % |
| BANKS | 6.97 % |
| ROAD VEHICLES | 5.19 % |
| MISCELLANEOUS CONSUMER GOODS | 4.77 % |
| FOOD & CLEANING MATERIALS | 4.00 % |
| DISTRIBUTION | 3.95 % |
| MECHANICAL CONSTRUCTION | 3.46 % |
| INSURANCE COMPANIES | 2.75 % |
| CHEMICAL PRODUCTS | 2.36 % |
| TEXTILE & GARMENTS | 2.31 % |
| BIOTECHNOLOGY | 2.27 % |
| ENERGY SOURCES | 2.13 % |
| ROAD & RAILWAY TRANSPORTS | 1.81 % |
| REAL ESTATE | 1.74 % |
| TELECOMMUNICATIONS | 1.40 % |
| PUBLISHING & BROADCASTING | 1.35 % |
| HEALTH CARE & SERVICES | 1.20 % |
| BUILDING MATERIALS | 1.09 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 1.06 % |
| AIR TRANSPORT | 1.00 % |
| PHOTOGRAPHY & OPTICAL | 0.92 % |
| PRECIOUS METALS & STONES | 0.85 % |
| OTHER SERVICES | 0.79 % |
| OIL & DERIVED | 0.67 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 0.57 % |
| LEISURES & TOURISM | 0.50 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 0.48 % |
| INFORMATION, TECHNOLOGY & COPIERS | 0.41 % |
| OTHER SERVICES | 0.27 % |
| DIVERSIFIED COMPANIES | 0.24 % |
| PACKAGING INDUSTRY | 0.24 % |
| TYRES & RUBBER | 0.19 % |
| MISCELLANEOUS | 0.16 % |
| UNIT TRUSTS, UCITS | 0.15 % |
| TOBACCO & SPIRITS | 0.12 % |
| NONFERROUS METALS | 0.12 % |
| AEROSPACE INDUSTRY & DEFENCE | 0.11 % |
| AGRICULTURE & FISHING | 0.08 % |
| COMMERCIAL SERVICES - PUBLIC | 0.08 % |
| Total Portfolio | 100.18 % |

|  |  |
| --- | --- |
| US SRI MSCI Index | % Total Net Assets |
|  |
| IT & INTERNET | 27.10 % |
| FINANCIAL SERVICES - HOLDINGS | 13.68 % |
| MISCELLANEOUS CONSUMER GOODS | 7.90 % |
| ROAD VEHICLES | 6.88 % |
| DISTRIBUTION | 5.57 % |
| PHARMACOLOGY & PERSONAL CARE | 4.99 % |
| MECHANICAL CONSTRUCTION | 4.59 % |
| BANKS | 4.52 % |
| BIOTECHNOLOGY | 4.22 % |
| FOOD & CLEANING MATERIALS | 3.33 % |
| TEXTILE & GARMENTS | 3.00 % |
| ENERGY SOURCES | 1.76 % |
| HEALTH CARE & SERVICES | 1.63 % |
| REAL ESTATE | 1.59 % |
| INSURANCE COMPANIES | 1.34 % |
| ROAD & RAILWAY TRANSPORTS | 1.31 % |
| AIR TRANSPORT | 1.20 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 0.97 % |
| CHEMICAL PRODUCTS | 0.78 % |
| PRECIOUS METALS & STONES | 0.57 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 0.56 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 0.56 % |
| PACKAGING INDUSTRY | 0.36 % |
| DIVERSIFIED COMPANIES | 0.33 % |
| BUILDING MATERIALS | 0.24 % |
| AEROSPACE INDUSTRY & DEFENCE | 0.19 % |
| LEISURES & TOURISM | 0.14 % |
| PUBLISHING & BROADCASTING | 0.12 % |
| MISCELLANEOUS | 0.12 % |
| TELECOMMUNICATIONS | 0.10 % |
| OTHER SERVICES | 0.10 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 0.09 % |
| INFORMATION, TECHNOLOGY & COPIERS | 0.08 % |
| Total Portfolio | 99.92 % |

|  |  |
| --- | --- |
| EMU SRI MSCI Index | % Total Net Assets |
|  |
| ELECTRIC & ELECTRONIC COMPONENTS | 13.40 % |
| INSURANCE COMPANIES | 12.49 % |
| IT & INTERNET | 8.83 % |
| PHARMACOLOGY & PERSONAL CARE | 8.67 % |
| OTHER SERVICES | 7.11 % |
| BANKS | 5.94 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 5.04 % |
| FOOD & CLEANING MATERIALS | 4.76 % |
| TEXTILE & GARMENTS | 4.49 % |
| CHEMICAL PRODUCTS | 3.26 % |
| DISTRIBUTION | 3.21 % |
| FINANCIAL SERVICES - HOLDINGS | 2.95 % |
| ENERGY SOURCES | 2.60 % |
| MISCELLANEOUS CONSUMER GOODS | 2.21 % |
| BUILDING MATERIALS | 2.11 % |
| TELECOMMUNICATIONS | 2.04 % |
| OIL & DERIVED | 2.00 % |
| PUBLISHING & BROADCASTING | 1.49 % |
| TYRES & RUBBER | 1.39 % |
| FOREST PRODUCTS & PAPER INDUSTRY | 1.28 % |
| MECHANICAL CONSTRUCTION | 1.24 % |
| REAL ESTATE | 1.17 % |
| ROAD & RAILWAY TRANSPORTS | 0.70 % |
| NONFERROUS METALS | 0.61 % |
| ROAD VEHICLES | 0.58 % |
| LEISURES & TOURISM | 0.43 % |
| Total Portfolio | 100.00 % |

| Europe Behavioral Value | % Total Net Assets |
| --- | --- |
|  |
| EURO | 67.98 % |
| BRITISH POUND | 15.56 % |
| SWEDISH KRONA | 6.78 % |
| SWISS FRANC | 4.24 % |
| NORWEGIAN KRONE | 2.40 % |
| DANISH KRONE | 1.88 % |
| U.S. DOLLAR | 0.81 % |
| Total Portfolio | 99.65 % |

| EMU Dividend | % Total Net Assets |
| --- | --- |
|  |
| EURO | 98.50 % |
| Total Portfolio | 98.50 % |

| Emerging MSCI Index | % Total Net Assets |
| --- | --- |
|  |
| HONG KONG DOLLAR | 21.83 % |
| U.S. DOLLAR | 20.42 % |
| SOUTH KOREAN WON | 13.51 % |
| TAIWAN DOLLAR | 12.78 % |
| INDIAN RUPEE | 9.17 % |
| BRAZILIAN REAL | 5.10 % |
| SOUTH AFRICAN RAND | 3.40 % |
| EURO | 2.68 % |
| THAI BAHT | 1.81 % |
| NEW MEXICAN PESO | 1.76 % |
| MALAYSIAN RINGGIT | 1.55 % |
| INDONESIAN RUPIAH | 1.32 % |
| PHILIPPINE PESO | 0.73 % |
| POLISH ZLOTY | 0.71 % |
| QATARI RIYAL | 0.69 % |
| ARAB EMIRATES DIRHAM | 0.53 % |
| CHILEAN PESO | 0.51 % |
| KUWAITI DINAR | 0.47 % |
| TURKISH LIRA | 0.38 % |
| HUNGARIAN FORINT | 0.22 % |
| COLOMBIAN PESO | 0.17 % |
| CZECH KORUNA | 0.09 % |
| BRITISH POUND | 0.07 % |
| Total Portfolio | 99.90 % |

|  |  |
| --- | --- |
| World SRI MSCI Index | % Total Net Assets |
|  |
| U.S. DOLLAR | 54.89 % |
| EURO | 11.18 % |
| JAPANESE YEN | 7.54 % |
| TAIWAN DOLLAR | 3.94 % |
| BRITISH POUND | 3.24 % |
| SWISS FRANC | 2.91 % |
| CANADIAN DOLLAR | 2.79 % |
| HONG KONG DOLLAR | 2.69 % |
| AUSTRALIAN DOLLAR | 1.80 % |
| DANISH KRONE | 1.78 % |
| SOUTH AFRICAN RAND | 1.13 % |
| SOUTH KOREAN WON | 1.10 % |
| INDIAN RUPEE | 0.99 % |
| BRAZILIAN REAL | 0.77 % |
| SWEDISH KRONA | 0.73 % |
| MALAYSIAN RINGGIT | 0.47 % |
| THAI BAHT | 0.36 % |
| INDONESIAN RUPIAH | 0.34 % |
| SINGAPORE DOLLAR | 0.32 % |
| NEW ZEALAND DOLLAR | 0.25 % |
| NORWEGIAN KRONE | 0.21 % |
| NEW MEXICAN PESO | 0.20 % |
| QATARI RIYAL | 0.18 % |
| PHILIPPINE PESO | 0.10 % |
| ARAB EMIRATES DIRHAM | 0.09 % |
| CHINA YUAN RENMINBI | 0.08 % |
| CHILEAN PESO | 0.08 % |
| POLISH ZLOTY | 0.02 % |
| Total Portfolio | 100.18 % |

| US SRI MSCI Index | % Total Net Assets |
| --- | --- |
|  |
| U.S. DOLLAR | 98.28 % |
| EURO | 1.64 % |
| Total Portfolio | 99.92 % |

| EMU SRI MSCI Index | % Total Net Assets |
| --- | --- |
|  |
| EURO | 99.35 % |
| U.S. DOLLAR | 0.65 % |
| Total Portfolio | 100.00 % |

Europe Behavioral Value
| Shares outstanding at the beginning of the exercise	- B | 553,158.747 |
| --- | --- |
| - F | 42,143.500 |
| - N | 137,338.867 |
| - P | 6,423.000 |
| - W | 4,660.567 |
| Shares issued during the exercise	- B | 9,688.127 |
| - F | 134.430 |
| - N | 354.000 |
| - P | 89.000 |
| - W | 0.000 |
| Shares redeemed during the exercise	- B | 257,195.482 |
| - F | 39,831.470 |
| - N | 108,262.766 |
| - P | 4,382.000 |
| - W | 4,111.836 |
| Shares outstanding at the end of the exercise	- B | 305,651.392 |
| - F | 2,446.460 |
| - N | 29,430.101 |
| - P | 2,130.000 |
| - W | 548.731 |

EMU Dividend
| Shares outstanding at the beginning of the exercise	- A | 450.000 |
| --- | --- |
| - B | 145,732.026 |
| - F | 7,000.000 |
| - N | 90,656.324 |
| - P | 4,659.000 |
| Shares issued during the exercise	- A | 600.000 |
| - B | 17.995 |
| - F | 0.000 |
| - N | 340.000 |
| - P | 0.000 |
| Shares redeemed during the exercise	- A | 0.000 |
| - B | 38,413.192 |
| - F | 7,000.000 |
| - N | 63,385.715 |
| - P | 4,659.000 |
| Shares outstanding at the end of the exercise	- A | 1,050.000 |
| - B | 107,336.829 |
| - F | - |
| - N | 27,610.609 |
| - P | - |

Emerging MSCI Index
| Shares outstanding at the beginning of the exercise	- A | 59,588.167 |
| --- | --- |
| - B | 462,168.508 |
| - B USD | 14,207.453 |
| - F | 1,271,663.389 |
| - J | 17,137.000 |
| - M | 144,461.495 |
| - N | 363,670.796 |
| - P | 2,800.000 |
| Shares issued during the exercise	- A | 8,795.223 |
| - B | 38,135.783 |
| - B USD | 2,050.000 |
| - F | 500,286.297 |
| - J | 0.000 |
| - M | 18,292.739 |
| - N | 66,339.582 |
| - P | 1,025.000 |
| Shares redeemed during the exercise	- A | 16,616.983 |
| - B | 269,533.779 |
| - B USD | 0.000 |
| - F | 631,189.887 |
| - J | 210.000 |
| - M | 81,543.562 |
| - N | 265,190.713 |
| - P | 2,554.000 |
| Shares outstanding at the end of the exercise	- A | 51,766.407 |
| - B | 230,770.512 |
| - B USD | 16,257.453 |
| - F | 1,140,759.799 |
| - J | 16,927.000 |
| - M | 81,210.672 |
| - N | 164,819.665 |
| - P | 1,271.000 |

World SRI MSCI Index
| Shares outstanding at the beginning of the exercise	- A | 17,038.000 |
| --- | --- |
| - B | 50,315.457 |
| - F | 710,740.376 |
| - J | 1,110.977 |
| - M | 18,219.338 |
| - N | 170.000 |
| Shares issued during the exercise	- A | 9,536.444 |
| - B | 19,358.661 |
| - F | 176,898.406 |
| - J | 771.000 |
| - M | 5,025.000 |
| - N | 0.000 |
| Shares redeemed during the exercise	- A | 1,620.000 |
| - B | 15,689.111 |
| - F | 444,500.174 |
| - J | 268.000 |
| - M | 2,283.790 |
| - N | 0.000 |
| Shares outstanding at the end of the exercise	- A | 24,954.444 |
| - B | 53,985.007 |
| - F | 443,138.608 |
| - J | 1,613.977 |
| - M | 20,960.548 |
| - N | 170.000 |

US SRI MSCI Index
| Shares outstanding at the beginning of the exercise	- A | 4,711.000 |
| --- | --- |
| - A USD | 5,862.000 |
| - B | 45,198.618 |
| - E | 2,350.000 |
| - F | 738,234.675 |
| - F USD | 0.000 |
| - J | 2,437.551 |
| - M | 40,811.164 |
| - N | 63,781.546 |
| - P | 80.000 |
| Shares issued during the exercise	- A | 1,693.461 |
| - A USD | 227.000 |
| - B | 111,314.314 |
| - E | 0.000 |
| - F | 1,216,421.291 |
| - F USD | 437,344.706 |
| - J | 1,741.000 |
| - M | 4,698.813 |
| - N | 7,571.966 |
| - P | 0.000 |
| Shares redeemed during the exercise	- A | 3,388.605 |
| - A USD | 1,659.000 |
| - B | 48,722.023 |
| - E | 2,350.000 |
| - F | 404,869.681 |
| - F USD | 0.000 |
| - J | 1,102.841 |
| - M | 15,930.029 |
| - N | 43,001.366 |
| - P | 0.000 |
| Shares outstanding at the end of the exercise	- A | 3,015.856 |
| - A USD | 4,430.000 |
| - B | 107,790.909 |
| - E | - |
| - F | 1,549,786.285 |
| - F USD | 437,344.706 |
| - J | 3,075.710 |
| - M | 29,579.948 |
| - N | 28,352.146 |
| - P | 80.000 |

EMU SRI MSCI Index
| Shares outstanding at the beginning of the exercise	- A | 9,445.000 |
| --- | --- |
| - B | 29,813.911 |
| - E | 3,000.000 |
| - F | 87,131.944 |
| - J | 694.796 |
| - M | 16,120.437 |
| - N | 62,511.574 |
| Shares issued during the exercise	- A | 190.000 |
| - B | 26,932.951 |
| - E | 0.000 |
| - F | 323,139.000 |
| - J | 0.000 |
| - M | 2,078.000 |
| - N | 1,619.000 |
| Shares redeemed during the exercise	- A | 300.000 |
| - B | 11,035.991 |
| - E | 0.000 |
| - F | 97,660.000 |
| - J | 481.796 |
| - M | 11,413.090 |
| - N | 34,771.003 |
| Shares outstanding at the end of the exercise	- A | 9,335.000 |
| - B | 45,710.871 |
| - E | 3,000.000 |
| - F | 312,610.944 |
| - J | 213.000 |
| - M | 6,785.347 |
| - N | 29,359.571 |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| Europe Behavioral Value (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 310,339,494.78 119,719,856.18 40,306,371.47 | - B | 658,731.944 | 40.15 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - F | 539,354.149 | 43.11 | EUR |
| - J | 10,167.000 | 10,822.61 | EUR |
| - N | 230,894.561 | 40.34 | EUR |
| - P | 12,984.000 | 10,845.92 | EUR |
| - W | 11,751.670 | 40.16 | EUR |
| - B | 553,158.747 | 47.98 | EUR |
| - F | 42,143.500 | 51.79 | EUR |
| - N | 137,338.867 | 48.45 | EUR |
| - P | 6,423.000 | 13,096.54 | EUR |
| - W | 4,660.567 | 48.23 | EUR |
| - B | 305,651.392 | 43.52 | EUR |
| - F | 2,446.460 | 47.24 | EUR |
| - N | 29,430.101 | 44.17 | EUR |
| - P | 2,130.000 | 12,002.26 | EUR |
| - W | 548.731 | 43.93 | EUR |

| EMU Dividend (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 88,834,125.09 87,574,015.28 12,691,769.54 | - A | 450.000 | 90.07 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 186,903.200 | 93.95 | EUR |
| - F | 48,290.000 | 93.67 | EUR |
| - N | 164,156.749 | 94.64 | EUR |
| - P | 4,729.000 | 10,821.41 | EUR |
| - A | 450.000 | 101.88 | EUR |
| - B | 145,732.026 | 110.84 | EUR |
| - F | 7,000.000 | 111.37 | EUR |
| - N | 90,656.324 | 112.49 | EUR |
| - P | 4,659.000 | 12,963.85 | EUR |
| - A | 1,050.000 | 80.78 | EUR |
| - B | 107,336.829 | 92.99 | EUR |
| - N | 27,610.609 | 95.09 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| Emerging MSCI Index (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 486,185,939.08 615,424,002.00 539,470,735.95 | - A | 50,772.316 | 93.95 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 518,540.953 | 123.91 | EUR |
| - B USD | 14,207.453 | 91.01 | USD |
| - F | 1,059,734.528 | 124.76 | EUR |
| - J | 17,087.000 | 11,660.03 | EUR |
| - M | 98,755.064 | 94.07 | EUR |
| - N | 398,750.582 | 124.06 | EUR |
| - P | 2,214.000 | 11,668.22 | EUR |
| - A | 59,588.167 | 109.51 | EUR |
| - B | 462,168.508 | 148.25 | EUR |
| - B USD | 14,207.453 | 106.92 | USD |
| - F | 1,271,663.389 | 149.55 | EUR |
| - J | 17,137.000 | 13,987.80 | EUR |
| - M | 144,461.495 | 109.80 | EUR |
| - N | 363,670.796 | 148.65 | EUR |
| - P | 2,800.000 | 14,008.11 | EUR |
| - A | 51,766.407 | 114.17 | EUR |
| - B | 230,770.512 | 159.77 | EUR |
| - B USD | 16,257.453 | 125.59 | USD |
| - F | 1,140,759.799 | 161.46 | EUR |
| - J | 16,927.000 | 15,113.47 | EUR |
| - M | 81,210.672 | 114.67 | EUR |
| - N | 164,819.665 | 160.44 | EUR |
| - P | 1,271.000 | 15,147.17 | EUR |

| World SRI MSCI Index (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 102,922,312.73 151,410,777.54 143,751,948.82 | - A | 16,839.000 | 108.79 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 55,160.246 | 111.47 | EUR |
| - F | 571,116.578 | 112.20 | EUR |
| - J | 873.977 | 24,394.54 | EUR |
| - M | 14,562.338 | 109.03 | EUR |
| - N | 7,418.545 | 113.79 | EUR |
| - P | 63,000.000 | 112.84 | EUR |
| - A | 17,038.000 | 138.21 | EUR |
| - B | 50,315.457 | 144.77 | EUR |
| - F | 710,740.376 | 146.15 | EUR |
| - J | 1,110.977 | 31,814.16 | EUR |
| - M | 18,219.338 | 138.86 | EUR |
| - N | 170.000 | 148.09 | EUR |
| - A | 24,954.444 | 148.46 | EUR |
| - B | 53,985.007 | 159.39 | EUR |
| - F | 443,138.608 | 161.38 | EUR |
| - J | 1,613.977 | 35,173.06 | EUR |
| - M | 20,960.548 | 149.54 | EUR |
| - N | 170.000 | 163.45 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| US SRI MSCI Index (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 116,417,766.01 229,051,779.90 485,335,322.95 | - A | 6,621.000 | 116.94 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - A USD | 7,175.000 | 121.47 | USD |
| - B | 43,576.296 | 120.71 | EUR |
| - E | 2,350.000 | 121.47 | EUR |
| - F | 463,740.013 | 121.47 | EUR |
| - J | 1,522.551 | 24,686.43 | EUR |
| - M | 26,973.370 | 117.19 | EUR |
| - N | 101,337.880 | 120.96 | EUR |
| - A | 4,711.000 | 153.89 | EUR |
| - A USD | 5,862.000 | 157.26 | USD |
| - B | 45,198.618 | 161.44 | EUR |
| - E | 2,350.000 | 160.30 | EUR |
| - F | 738,234.675 | 162.94 | EUR |
| - J | 2,437.551 | 33,155.44 | EUR |
| - M | 40,811.164 | 154.58 | EUR |
| - N | 63,781.546 | 162.19 | EUR |
| - P | 80.000 | 25,927.84 | EUR |
| - A | 3,015.856 | 173.31 | EUR |
| - A USD | 4,430.000 | 193.66 | USD |
| - B | 107,790.909 | 184.90 | EUR |
| - F | 1,549,786.285 | 187.16 | EUR |
| - F USD | 437,344.706 | 123.11 | USD |
| - J | 3,075.710 | 38,132.50 | EUR |
| - M | 29,579.948 | 174.53 | EUR |
| - N | 28,352.146 | 186.24 | EUR |
| - P | 80.000 | 29,857.31 | EUR |

| EMU SRI MSCI Index (EUR) | 31.12.2018 31.12.2019 31.12.2020 | 49,039,072.12 47,226,786.10 57,014,920.01 | - A | 13,208.000 | 104.64 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 66,353.186 | 109.06 | EUR |
| - E | 3,000.000 | 87.76 | EUR |
| - F | 108,789.944 | 93.68 | EUR |
| - J | 648.796 | 21,984.51 | EUR |
| - M | 15,028.492 | 104.88 | EUR |
| - N | 129,240.347 | 109.30 | EUR |
| - A | 9,445.000 | 131.09 | EUR |
| - B | 29,813.911 | 141.21 | EUR |
| - E | 3,000.000 | 110.27 | EUR |
| - F | 87,131.944 | 121.63 | EUR |
| - J | 694.796 | 28,580.96 | EUR |
| - M | 16,120.437 | 131.72 | EUR |
| - N | 62,511.574 | 141.87 | EUR |
| - A | 9,335.000 | 125.61 | EUR |
| - B | 45,710.871 | 140.66 | EUR |
| - E | 3,000.000 | 105.97 | EUR |
| - F | 312,610.944 | 121.51 | EUR |
| - J | 213.000 | 28,589.74 | EUR |
| - M | 6,785.347 | 126.57 | EUR |
| - N | 29,359.571 | 141.69 | EUR |

| NOTE 1 - ACCOUNTING PRINCIPLES AND METHODS |
| --- |
| These financial statements have been prepared in line with the general accounting principles admitted in Luxembourg. |
| a) Securities portfolio valuation and derivatives |
| - The valuation of all of the securities negotiated or listed on a stock exchange will be determined using the last price known in Luxembourg on the valuation date in question.
- The valuation of all of the securities that are negotiated on another regulated market which operates regularly, is recognized and which is open to the public, with comparable guarantees, is based on their last price published and available on the valuation date in question.
- The valuation of all of the securities which are not listed or negotiated on a stock exchange or another regulated market which operates regularly, is recognized and open to the public, is based on their last price available in Luxembourg on the valuation date in question, unless the price is not representative of the real value of these securities; in this case, they are valued based on their probable realizable value which is prudently estimated in good faith by the Board of Directors.
- The equities or the units of other mutual funds are valued based on the last net asset value available.
- Valuation of currency forwardsUnrealized foreign exchange profits or losses arising from unmatured foreign exchange forward contracts are determined on the valuation date based on forward exchange rates applicable on this date.
- Valuation of financial forwardsFinancial forward contracts are valuated using the last published price which applies on the valuation date. The realized gains and losses and the non-realized changes in gains and losses are registered in the financial statements. The realized gains and losses are determined using the FIFO method, according to which the contracts acquired first are considered to be sold first.
- Valuation of derivative productsThe value of the derivative instruments (options and futures) which are listed or negotiated on a stock exchange or an organized market is determined in line with their last liquidation price on the stock exchange or the organized market on which the aforementioned instruments are dealt with, it being understood that if one of the derivative instruments above cannot be liquidated on the day taken into account for determining the applicable values, the value of this derivative instrument or of these derivative instruments is determined in a prudent and reasonable manner by the Board of Directors.
 |
| b) Net realised profit and net realised loss on investments |
| The net profit or loss realized on sales of securities is calculated based on the average cost of the securities sold. |
| c) Conversion of foreign currencies |
| The investment company with variable capital (SICAV) is accounted for in euros. The bank deposits, other net assets and the stock market value of securities in the portfolio in currencies other than the EURO are converted into EUROs at the exchange rate valid at the closing date (note 2). |

| The income and expenses in currencies other than the EURO are converted into EUROs at the exchange rate valid at the date of payment. |
| --- |
| d) Acquisition cost of the securities in the portfolio |
| The cost of the acquisition for these securities in currencies other than the Sub-Fund’s currency is converted to the Sub-Fund’s currency based on the exchange rate which applies on the date of the purchase. |
| e) Start-up costs |
| Start-up costs and costs of reorganization are amortized using the straight line method over a 5-year period. |
| f) Change in the net unrealized gain and loss |
| Net unrealized appreciation or depreciation at the end of the year also appear in the operating result. |
| g) Purchases and sales of the securities in the portfolio |
| The details of the sales and purchases of securities in the portfolio can be obtained from the head office of the SICAV. |
| h) Income, expenditure and related provisions |
| Interest on bonds and placements are entered in the accounts on a daily basis. Dividends are entered in the accounts on the date on which the relevant securities are first listed as ‘ex dividend’. |
| i)  Futures |
| The unrealized gain/loss on forward exchange contracts including the margin calls are disclosed in the Statement of Net Asset. The realized gain/loss on forward exchange contracts and the Change in Net Unrealized Appreciation / (Depreciation) are disclosed in the Statement of Operation and Changes in Net Assets. |
| j)  Change in the securities portfolio |
| The table of variations in the securities portfolio is available free of charge from the registered office of the SICAV. |
| NOTE 2 - EXCHANGE RATE |
| 1  EUR	=	1.22355 USD |


## NOTE 3 - TAXES AND EXPENSES PAYABLE
| Management fee | 640,988.56 | EUR |
| --- | --- | --- |
| Depositary fees | 32,181.27 | EUR |
| Subscription tax | 48,686.16 | EUR |
| Miscellaneous fees | 514,910.57 | EUR |
| Total | 1,236,766.56 | EUR |

NOTE 4 - MANAGEMENT FEE
As remuneration of its services, the Management Company received from the Sub-Fund an annual fee of :
| Sub-Funds | Share Classes | Management fees |
| --- | --- | --- |
| Europe Behavioral Value | B | Max 1.000% p.a. |
| F | Max 0.500% p.a. |
| J | Max 0.250% p.a. |
| N | Max 0.500% p.a. |
| P | Max 0% p.a. |
| W | Max 2.000% p.a. |
| EMU Dividend | A | Max 1.500% p.a. |
| B | Max 1.500% p.a. |
| F | Max 0.750% p.a. (*) |
| N | Max 0.750% p.a. |
| P | Max 0% p.a. (**) |
| Emerging MSCI Index | A | Max 0.300 % p.a. |
| B | Max 0.300 % p.a. |
| B USD | Max 0.300 % p.a. |
| F | Max 0.150 % p.a. |
| J | Max 0.075% p.a. |
| M | Max 0.150 % p.a. |
| N | Max 0.150 % p.a. |
| P | Max 0% p.a. |
| World SRI MSCI Index | A | Max 0.500% p.a. |
| B | Max 0.500% p.a. |
| F | Max 0.250% p.a. |
| J | Max 0.125% p.a. |
| M | Max 0.250% p.a. |
| N | Max 0.250% p.a. |
| P | Max 0% p.a. |
| US SRI MSCI Index | A | Max 0.500% p.a. |
| A USD | Max 0.500% p.a. |
| B | Max 0.500% p.a. |
| E | Max 0.250% p.a. (***) |
| F | Max 0.250% p.a. |
| F USD | Max 0.250% p.a. (****) |
| J | Max 0.125% p.a. |
| M | Max 0.250% p.a. |
| N | Max 0.250% p.a. |
| P | Max 0% p.a. |
| EMU SRI MSCI Index | A | Max 0.500% p.a. |
| B | Max 0.500% p.a. |
| E | Max 0.250% p.a. |
| F | Max 0.250% p.a. |
| J | Max 0.125% p.a. |
| M | Max 0.250% p.a. |
| N | Max 0.250% p.a. |

(*) until 6 March 2020
(*) until 29 September 2020
(*) until 10 November 2020
(*) since 5 August 2020
This fee covers the remuneration for the management company as well as the remuneration for Degroof Petercam Asset Management S.A. ("DPAM") for its diverse functions: management and distribution global.
This fee is payable on a quarterly basis and is calculated based on average net assets of each of the share classes of the sub-fund during the quarter under review.
| NOTE 5 - SUBSCRIPTION TAX |
| --- |
| The SICAV is subject to Luxembourg to subscription tax at an annual rate of 0.05% calculated on the net assets of the SICAV, this has been lowered to 0.01% p.a. for net assets relating to Class of shares reserved for institutional investors such as defined by the Law of 2010.This tax is calculated and payable quarterly and calculated on the net assets of the SICAV at the end of each quarter. This tax is calculated and payable every quarter and its plate is constituted by the net assets of the SICAV in the close of concerned quarter. The tax of subscription is not due on the quotae of assets invested in UCI already submitted with care of this tax Tax is not payable on the round lot of net assets invested in UCIs already subject to this tax. In addition, the SICAV is registered in Belgium and since 1 January 1st, 2004 it has been subject to a tax at an annual rate of 0.0925%, paid in 2020 based on the value of the shares distributed in Belgium by 31 December 2019. |
| NOTE 6 - SUBSCRIPTION AND REDEMPTION FEES BACK TO THE SUB-FUNDS |
| The shares have been issued at a subscription price consisting of the net asset value of a share plus a subscription fee representing a certain percentage of the net asset value of a share as described below: |
|  |
| In addition, the subscription and redemtion fees back to the sub-funds are: |
|  |
| NOTE 7 - ADMINISTRATION FEES |
| Degroof Petercam Asset Services S.A. receives from the management company the following remuneration, which is charged to each Fund, for its roles as domiciliary agent, administrative agent, transfer agent and registrar of the SICAV: - an annual commission at the maximum rate of 0.100%, payable quarterly and calculated based on the average net assets of the Sub-Fund during the quarter under review;
- an annual lump sum of EUR 2,000.00 per active share class.
 |

| NOTE 8 - DEPOSITARY FEES |
| --- |
| As remuneration for its services, the custodian has received from each Sub-Fund an annual commission at a maximum rate of 0.010% p.a. This commission is payable quarterly and is calculated on the average net assets of the Fund during the quarter under review. |
| NOTE 9 - TRANSACTION FEES |
| The caption "Transaction Fees" includes fees on purchases and sales of securities and derivatives as brokerage fees, bank charges, taxes and other costs. |
| NOTE 10 - SECURITIES LENDING |
| The SICAV may lend securities included in its portfolio to a borrower directly or through a standardised lending system organised by a recognised securities clearing house or a lending system organised by a financial institution subject to prudential supervision considered by the CSSF to be equivalent to that foreseen by community legislation and specialising in this type of operation. As at 31 December 2019, there were no securities lending outstanding. |
| During the year 2020, there were no securities lending. |
| NOTE 11 - INDEX TRACKING |
| Emerging MSCI Index The performance of the Sub-Fund Emerging MSCI Index was 7.96% (class F) and 7.77% (class B) for the period from 1 January 2020 to 31 December 2020. The MSCI Emerging Index net total return in Euro increased by 8.54% in the same period. This is due to the TER of the Fund. World SRI MSCI Index The performance of the Sub-Fund World SRI MSCI Index was 10.42% (class F) and 10.10% (class B) for the period from 1 January 2020 to 31 December 2020. The MSCI ACWI SRI Index net total return in Euro increased by 10.83% in the same period. This is due to the TER of the Fund. US SRI MSCI Index The performance of the Sub-Fund US SRI MSCI Index was 14.86% (class F) and 14.53% (class B) for the period from 1 January 2020 to 31 December 2020. The MSCI USA SRI Index net total return in Euro increased by 15.42% in the same period. This is due to the TER of the Fund. EMU SRI MSCI Index The performance of the Sub-Fund EMU SRI MSCI Index was -0.39% (class B) and -4.18% (class A) for the period from 1 January 2020 to 31 December 2020. The MSCI EMU SRI Index net total return in Euro decreased by -2.06% in the same period. This is due to the TER of the Fund. |

| NOTE 12 - DIVIDENDS |
| --- |
| On the proposal of the Board of Directors, the Annual General Meeting of shareholders decided on 27 April 2020, to pay dividends on distribution classes of the following Sub-Funds: |
|  |
| Shares were listed ex-dividend as from 10 June 2020. Payments were made on 17 June 2020. |
| NOTE 13 - "SWING PRICING" |
| Swing pricing has been identified as a possible means of protecting a fund’s performance and thus the interest of existing investors from the dilution effect of frequent trading implied by large net in- or outflows. Swing pricing protects the long-term investors in a fund as an investor can only be impacted by the swing pricing the day he subscribes or redeems. Only one NAV is reported for all external performance and comparison purposes, as well as for execution of subscription, redemption and switch orders. Therefore, if swing pricing is activated it is the swung price that is reported. The benefit of swinging the NAV is realized by the fund and in the case of a multi-share class fund, is attributed to all of the fund’s share classes on the same basis as with any fund level revenue or capital item. The swing mechanism applied is the partial swing (swing pricing with a trigger threshold). The NAV is swung but only when the pre-defined swing threshold is exceeded. Swing threshold The net value of subscription, redemption and switch orders received by the transfer agent for a single fund on any one trading day, expressed as a percentage of the NAV, required to trigger the NAV swing process. The Board of Directors of the fund determines by Circular Resolution the applicable threshold, taking into account the impact of adjustment on the volatility of the NAV. The threshold is reviewed periodically. Swing factor |

| A swing factor is the amount, expressed as a percentage, by which the NAV is adjusted in order to protect existing investors in a fund from the cost of trading securities as a result of capital activity. The swing factor is triggered as a result of capital activity exceeding a pre-defined threshold for partial swing. The swing factor value will be determined by the Board of Directors and may vary from one sub-fund to the next without, however, exceeding 3% of the unadjusted NAV. The swing factor is monitored and calculated on an ongoing basis by the Risk Management department of DPAS. The factor is determined under normal and usual market conditions on the basis of the weighted average of the bid-ask spread of each individual portfolio position. The applicable swing factor will be amended when the most recent calculated swing factor exceeds the previous swing factor validated by the Board of Directors by more than the fixed threshold of 10 bps. In this case the escalation procedure will be applied and the swing factor will be approved by the fund's Board of Directors by a Circular Resolution and updated for the funds concerned. All the data related to the determination and review of the swing factors and thresholds is archived electronically on the DPAS database. The direction of the swing depends on the net flow of capital applicable to a NAV. In the case of a net inflow of capital, the swing factor linked to subscriptions of shares in the sub-fund will be added to the NAV. For net redemptions, the swing factor linked to redemptions of shares in the sub-fund in question will be deducted from the NAV. In both cases, all entering/exiting investors on a given date will have the same NAV applied. As of the date of the report, there has been no "Swing Pricing" applied to the NAV of the SICAV' Sub- Funds. |
| --- |
| NOTE 14 - EVENTS DURING THE YEAR |
| The class F of the Sub-Fund EMU Dividend has liquidated on 6 March 2020 and the class P has liquidated on 29 September 2020. The class F USD of the Sub-Fund US SRI MSCI Index has been reactivated on 5 August 2020 and the class E has liquidated on 10 November 2020. The COVID-19 (coronavirus) pandemic continues to pose a serious threat to the health of the world's population and has been severely disrupting people's daily lives for more than a year now. This obviously has an impact on the global economy although finance in its specific sector is not the most disadvantaged sector. Most sectors of the economy are affected and some are being hit extremely hard. 2020 has been marked by some negative impacts on the valuation of stocks, bonds, funds and other investments and 2021 is expected to suffer the same fate given the current forecast of the ever-changing pandemic. Current and/or new measures taken by health authorities to contain the spread of the virus, while necessary, have had and will continue to have a significant impact on economic activity. It remains to be hoped that while these effects are significant, they will ultimately be temporary. Authorities around the world have taken and continue to take strong and necessary measures to contain the spread of the virus and to support individuals and businesses during these very difficult times. We can hope that vaccination can provide a glimmer of hope for 2021. The Board of Directors is not currently in a position to accurately estimate the consequences of this pandemic, but is closely monitoring the situation. |

| OVERALL RISK ASSESSMENT |
| --- |
| The SICAV must ensure that its overall exposure to derivatives does not exceed the total net value of its portfolio. Overall exposure is a measurement designed to limit the leverage generated for each Sub-Fund by using derivatives. The method used to calculate overall exposure for each Sub-Fund within the SICAV is the «commitment method». The commitment method involves converting positions on derivatives into equivalent positions on underlying assets and then aggregating the market value of these equivalent positions. According to the commitment methodology, the maximum level of derivative leverage is 100%. |
| Remuneration |
| - General provisionsDegroof Petercam Asset Services S.A. (“DPAS”) has implemented a Remuneration Policy that is designed as not to encourage taking excessive risks. In that context, it integrates in its performance management system, risk criteria specific to the activities of the business units concerned. DPAS has implemented a series of safeguards that refrain staff from taking undue risk compared to the activity profile.
 The governance structure of the Remuneration Policy (“the Policy”) aims at preventing internal conflicts of interest. The Policy is formulated by the Remuneration Policy and approved by the Management Board. The Policy follows a defined process establishing the principles, the approval, the communication, the implementation, the review and the update of the Policy involving the Management Board, Human Resources, Internal Audit and other control functions. Performance is assessed at Group and DPAS level. Individual staff assessments are based on a weighting of financial and non-financial targets linked to the specific job scope and role. As such, the principle of individual performance assessment is based on an assessment of objectives reached as well as an appreciation of the employee’s long-term value creation. Furthermore, the performance reflects an assessment of business and interpersonal skills and is linked to the achievement of the individual. The criteria applied to establish fixed remuneration are job complexity, level of responsibility, performance and local market conditions. - MethodologyDPAS is dual-licenced as a chapter 15 Management Company under law of 17 December 2010 relating to Undertakings for Collective Investment in Transferable Securities, and as an AIFM under law of 12 July 2013 on Alternative Investment Fund Manager.
 In line with those regulations, the responsibilities of DPAS in its two roles are very similar. DPAS considers a fair assumption to state that its staff is remunerated similarly for tasks related to Undertakings for Collective Investment in Transferable Securities (“UCITS”) and Alternative Investment Funds (“AIF”). As a consequence, the remuneration as stated above is the ratio between the Assets under Management (“AuM”) of all UCITS under the responsibility of DPAS and the total AuM plus the Assets Under Administration ("AUA"). Based on the AuM and AUA as of 31 December 2020, this ratio equals 58.62% (71.82% in 2019). |

As of 31 December 2020, DPAS is Management Company for a total AuM of 30,493 billion EUR for the UCITS.
Would it be necessary to assess the proportion of the remuneration of the staff of the Management Company attributable to all the UCITS it manages, the above ratio is applied to the yearly remuneration of the concerned staff.
Would it be necessary to assess the proportion of the remuneration of the staff of the Management Company attributable to this UCITS, the ratio between the AuM of this UCITS and the total AuM for all UCITS is applied to the yearly remuneration of the concerned staff.
- Allocated remuneration by category of staffThe table below represents the allocation of total remuneration of the employees of the Management Company based on the AuM of all UCITS, by category of staff:

| Type of staff | Number of beneficiaries (*) | Total remuneration (in EUR) | Fixed remuneration paid (in EUR) | Variable remuneration paid (in EUR) |
| --- | --- | --- | --- | --- |
| Senior Management (**) | 4 | 635,917 | 472,780 | 163,137 |
| Identified staff (***) | 2 | 130,651 | 112,955 | 17,696 |
| Other staff | 121 | 4,503,655 | 3,836,094 | 667,561 |
|  | 127 | 5,270,223 | 4,421,829 | 848,394 |

(*) No proportionality applied (**) Management Board
(***) Identified staff not already reported in Senior Management
All figures refer to the 2020 calendar year.
- Carried Interest paid by the UCITS.

No employee of the Management Company receives Carried Interest paid by any UCITS.
- Remuneration Policy reviewThe remuneration policy of DPAS is subject to an annual review, as a minimum. It was reviewed and updated in 2020.

The remuneration policy of DPAS was approved by the Board of Management on 19 January 2021.

## SFTR (Transparency of securities financing transactions and reuse)
In accordance with Article 13 and Section A of the Annex to Regulation EU 2015/2365 (hereinafter the "Regulation"), the SICAV must inform investors of its use of securities financing transactions and total return swaps in the annual and semi-annual reports.
As of the date of the financial statements, the SICAV is not affected by the requirements of SFTR publications. No corresponding transactions were completed during the reporting period.

## DEGROOF PETERCAM ASSET MANAGEMENT SA,
rue Guimard 18 B - 1040 - Brussels - Belgium Belgium
Limerick, 6th January 2021

## DPAM EQUITIES L
Glass Lewis Europe Limited: Report on the analysis and exercise of voting rights of the securities contained in DPAM EQUITIES L.
As part of the mandate granted to Glass Lewis Europe Limited by the Board of Directors of DPAM Equities L, Glass Lewis Europe Limited has implemented a voting and analysis service to assist the SICAV's managers in fulfilling their fiduciary responsibilities to their shareholders.
An analysis of the resolutions demonstrating non-compliance with the Corporate Governance principles adopted by DPAM Equities L reports anomalies and, thanks to our voting execution service, enabled the managers to take the measures they deemed necessary.
This analysis, which is set out in a document available on our service, is based on the recognised standards and principles of each financial center concerned and on the corporate governance structure expected of each issuer.
Your SICAV approved the majority of the resolutions that were proposed at the various meetings. A resolution is not voted for if it is considered to be against the long-term interests of the shareholders and therefore of the SICAV. This is the case when the Board of Directors tries to set up capital defence structures or when the interests of the issuing company do not seem to coincide with those of the shareholder.
Glass Lewis Europe Limited has opened a file relating to each of the General Meetings at which your SICAV exercised its voting rights during 2019.
The SICAV participated in 218 company meetings, including some sub-funds which held shares. It voted in favour of 3071 resolutions, against 229 and abstained from 11.
Mike O’Sullivan General Manager

Translation (ENFR, 2020-12-31):
# du 1 janvier 2020 au 31 décembre 2020
|  | Notes | Combiné (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 20.155.869,61 |
| Intérêts sur obligations | 1h | 141,20 |
| Intérêts créditeurs |  | 15.378,64 |
| Commissions perçues sur souscriptions et rachats | 6 | 1.508.411,32 |
| Récupérations de taxes |  | 344.610,60 |
| Total Revenus |  | 22.024.411,37 |
| Charges |  |  |
| Commission de gestion | 4 | 2.312.998,83 |
| Commission de banque dépositaire | 8 | 120.311,20 |
| Taxe d'abonnement | 5 | 246.390,10 |
| Frais d'administration | 7 | 1.993.442,99 |
| Frais et commissions divers |  | 286.007,48 |
| Frais de transactions | 9 | 1.993.153,44 |
| Intérêts débiteurs |  | 31.776,27 |
| Redevance aux autorités étrangères |  | 44.082,54 |
| Total Charges |  | 7.028.162,85 |
| Revenus / Pertes Net(te)s |  | 14.996.248,52 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | 4.874.287,42 |
| - sur devises |  | -760.778,28 |
| - sur changes à terme |  | 3.333,09 |
| - sur futures | 1i | 934.576,50 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 20.047.667,25 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | 51.844.134,26 |
| - sur futures | 1i | -72.877,51 |
| Résultat net des opérations |  | 71.818.924,00 |
| - Souscriptions |  | 522.580.216,35 |
| - Rachats |  | -565.324.019,47 |
| Dividendes payés | 12 | -911.269,14 |
| Variations de l'actif net |  | 28.163.851,74 |
| Actif net au début de l'exercice |  | 1.250.407.217,00 |
| Actif net à la fin de l'exercice |  | 1.278.571.068,74 |

Europe Behavioral Value
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 40.166.005,93 |
| Avoirs en banque |  | 192.546,87 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 36.022,63 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Total Actif |  | 40.394.575,43 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 50.992,74 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 83,22 |
| Montants à payer sur rachats |  | 37.128,00 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer divers |  | 0,00 |
| Total Exigible |  | 88.203,96 |
| Actif net à la fin de l'exercice |  | 40.306.371,47 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - B |  | 305.651,392 |
| - F |  | 2.446,460 |
| - N |  | 29.430,101 |
| - P |  | 2.130,000 |
| - W |  | 548,731 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - B |  | 43,52 |
| - F |  | 47,24 |
| - N |  | 44,17 |
| - P |  | 12.002,26 |
| - W |  | 43,93 |

EMU Dividend
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 12.501.024,44 |
| Avoirs en banque |  | 238.986,20 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 3.016,29 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Total Actif |  | 12.743.026,93 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 51.201,62 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 55,77 |
| Montants à payer sur rachats |  | 0,00 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer divers |  | 0,00 |
| Total Exigible |  | 51.257,39 |
| Actif net à la fin de l'exercice |  | 12.691.769,54 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 1.050,000 |
| - B |  | 107.336,829 |
| - N |  | 27.610,609 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 80,78 |
| - B |  | 92,99 |
| - N |  | 95,09 |

Emerging MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 538.930.263,25 |
| Avoirs en banque |  | 1.426.871,06 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 2,08 |
| Dividendes à recevoir sur actions |  | 951.542,70 |
| Montants à recevoir sur souscriptions |  | 56.843,34 |
| Montants à recevoir sur ventes de titres |  | 154.028,62 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Total Actif |  | 541.519.551,05 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 490.767,00 |
| Découverts en banque |  | 416.394,58 |
| Intérêts débiteurs à payer |  | 6.702,83 |
| Montants à payer sur rachats |  | 221.080,26 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer divers |  | 913.870,43 |
| Total Exigible |  | 2.048.815,10 |
| Actif net à la fin de l'exercice |  | 539.470.735,95 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 51.766,407 |
| - B |  | 230.770,512 |
| - B USD |  | 16.257,453 |
| - F |  | 1.140.759,799 |
| - J |  | 16.927,000 |
| - M |  | 81.210,672 |
| - N |  | 164.819,665 |
| - P |  | 1.271,000 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 114,17 |
| - B |  | 159,77 |
| - B USD |  | 125,59 |
| - F |  | 161,46 |
| - J |  | 15.113,47 |
| - M |  | 114,67 |
| - N |  | 160,44 |
| - P |  | 15.147,17 |

World SRI MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 144.004.610,85 |
| Avoirs en banque |  | 200.457,37 |
| Intérêts à recevoir sur compte courant |  | 15,40 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 126.822,04 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 1.531.725,39 |
| Total Actif |  | 145.863.631,05 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 145.032,95 |
| Découverts en banque |  | 11.237,89 |
| Intérêts débiteurs à payer |  | 236,03 |
| Montants à payer sur rachats |  | 0,00 |
| Montants à payer sur achats de titres |  | 415.849,30 |
| Montants à payer sur changes au comptant |  | 1.532.000,00 |
| Montants à payer divers |  | 7.326,06 |
| Total Exigible |  | 2.111.682,23 |
| Actif net à la fin de l'exercice |  | 143.751.948,82 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 24.954,444 |
| - B |  | 53.985,007 |
| - F |  | 443.138,608 |
| - J |  | 1.613,977 |
| - M |  | 20.960,548 |
| - N |  | 170,000 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 148,46 |
| - B |  | 159,39 |
| - F |  | 161,38 |
| - J |  | 35.173,06 |
| - M |  | 149,54 |
| - N |  | 163,45 |

US SRI MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 484.965.709,24 |
| Avoirs en banque |  | 677.324,32 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 265.273,81 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Total Actif |  | 485.908.307,37 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 439.430,78 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 142,38 |
| Montants à payer sur rachats |  | 7,30 |
| Montants à payer sur achats de titres |  | 133.403,96 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer divers |  | 0,00 |
| Total Exigible |  | 572.984,42 |
| Actif net à la fin de l'exercice |  | 485.335.322,95 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 3.015,856 |
| - A USD |  | 4.430,000 |
| - B |  | 107.790,909 |
| - F |  | 1.549.786,285 |
| - F USD |  | 437.344,706 |
| - J |  | 3.075,710 |
| - M |  | 29.579,948 |
| - N |  | 28.352,146 |
| - P |  | 80,000 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 173,31 |
| - A USD |  | 193,66 |
| - B |  | 184,90 |
| - F |  | 187,16 |
| - F USD |  | 123,11 |
| - J |  | 38.132,50 |
| - M |  | 174,53 |
| - N |  | 186,24 |
| - P |  | 29.857,31 |

EMU SRI MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Actif |  |  |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | 1a | 57.014.437,93 |
| Avoirs en banque |  | 59.847,97 |
| Intérêts à recevoir sur compte courant |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Montants à recevoir sur changes au comptant |  | 0,00 |
| Total Actif |  | 57.074.285,90 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 59.341,47 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 24,42 |
| Montants à payer sur rachats |  | 0,00 |
| Montants à payer sur achats de titres |  | 0,00 |
| Montants à payer sur changes au comptant |  | 0,00 |
| Montants à payer divers |  | 0,00 |
| Total Exigible |  | 59.365,89 |
| Actif net à la fin de l'exercice |  | 57.014.920,01 |
| Nombre d'actions en circulation |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 9.335,000 |
| - B |  | 45.710,871 |
| - E |  | 3.000,000 |
| - F |  | 312.610,944 |
| - J |  | 213,000 |
| - M |  | 6.785,347 |
| - N |  | 29.359,571 |
| Valeur Nette d'inventaire par action |  |  |
| (à la fin de l'exercice) |  |  |
| - A |  | 125,61 |
| - B |  | 140,66 |
| - E |  | 105,97 |
| - F |  | 121,51 |
| - J |  | 28.589,74 |
| - M |  | 126,57 |
| - N |  | 141,69 |

Europe Behavioral Value
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 1.141.224,10 |
| Intérêts sur obligations | 1h | 0,00 |
| Intérêts créditeurs |  | 172,19 |
| Commissions perçues sur souscriptions et rachats | 6 | 0,00 |
| Récupérations de taxes |  | 24.968,50 |
| Total Revenus |  | 1.166.364,79 |
| Charges |  |  |
| Commission de gestion | 4 | 185.770,77 |
| Commission de banque dépositaire | 8 | 5.519,04 |
| Taxe d'abonnement | 5 | 27.089,15 |
| Frais d'administration | 7 | 92.971,70 |
| Frais et commissions divers |  | 25.657,81 |
| Frais de transactions | 9 | 493.637,51 |
| Intérêts débiteurs |  | 2.261,35 |
| Redevance aux autorités étrangères |  | 6.943,03 |
| Total Charges |  | 839.850,36 |
| Revenus / Pertes Net(te)s |  | 326.514,43 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | -11.008.563,44 |
| - sur devises |  | -113.970,14 |
| - sur changes à terme |  | 0,00 |
| - sur futures | 1i | -11.580,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -10.807.599,15 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | -2.295.729,22 |
| - sur futures | 1i | 0,00 |
| Résultat net des opérations |  | -13.103.328,37 |
| - Souscriptions |  | 1.454.433,54 |
| - Rachats |  | -67.764.589,88 |
| Dividendes payés | 12 | 0,00 |
| Variations de l'actif net |  | -79.413.484,71 |
| Actif net au début de l'exercice |  | 119.719.856,18 |
| Actif net à la fin de l'exercice |  | 40.306.371,47 |

EMU Dividend
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 1.793.031,36 |
| Intérêts sur obligations | 1h | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Commissions perçues sur souscriptions et rachats | 6 | 0,00 |
| Récupérations de taxes |  | 239.253,17 |
| Total Revenus |  | 2.032.284,53 |
| Charges |  |  |
| Commission de gestion | 4 | 211.292,68 |
| Commission de banque dépositaire | 8 | 4.619,66 |
| Taxe d'abonnement | 5 | 20.122,99 |
| Frais d'administration | 7 | 81.948,32 |
| Frais et commissions divers |  | 21.844,91 |
| Frais de transactions | 9 | 153.859,32 |
| Intérêts débiteurs |  | 2.759,51 |
| Redevance aux autorités étrangères |  | 6.473,95 |
| Total Charges |  | 502.921,34 |
| Revenus / Pertes Net(te)s |  | 1.529.363,19 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | -19.884.032,70 |
| - sur devises |  | -27,87 |
| - sur changes à terme |  | 0,00 |
| - sur futures | 1i | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -18.354.697,38 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | -2.079.123,51 |
| - sur futures | 1i | 0,00 |
| Résultat net des opérations |  | -20.433.820,89 |
| - Souscriptions |  | 83.374,56 |
| - Rachats |  | -54.529.841,91 |
| Dividendes payés | 12 | -1.957,50 |
| Variations de l'actif net |  | -74.882.245,74 |
| Actif net au début de l'exercice |  | 87.574.015,28 |
| Actif net à la fin de l'exercice |  | 12.691.769,54 |

Emerging MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 9.867.050,43 |
| Intérêts sur obligations | 1h | 141,20 |
| Intérêts créditeurs |  | 13.493,72 |
| Commissions perçues sur souscriptions et rachats | 6 | 768.661,88 |
| Récupérations de taxes |  | 19.881,12 |
| Total Revenus |  | 10.669.228,35 |
| Charges |  |  |
| Commission de gestion | 4 | 667.281,04 |
| Commission de banque dépositaire | 8 | 55.080,28 |
| Taxe d'abonnement | 5 | 105.521,44 |
| Frais d'administration | 7 | 1.064.178,77 |
| Frais et commissions divers |  | 131.147,40 |
| Frais de transactions | 9 | 560.566,65 |
| Intérêts débiteurs |  | 19.951,60 |
| Redevance aux autorités étrangères |  | 6.759,63 |
| Total Charges |  | 2.610.486,81 |
| Revenus / Pertes Net(te)s |  | 8.058.741,54 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | 11.559.160,48 |
| - sur devises |  | -836.905,83 |
| - sur changes à terme |  | 0,00 |
| - sur futures | 1i | 946.156,50 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 19.727.152,69 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | 12.814.200,11 |
| - sur futures | 1i | -72.877,51 |
| Résultat net des opérations |  | 32.468.475,29 |
| - Souscriptions |  | 102.174.436,78 |
| - Rachats |  | -210.071.123,54 |
| Dividendes payés | 12 | -525.054,58 |
| Variations de l'actif net |  | -75.953.266,05 |
| Actif net au début de l'exercice |  | 615.424.002,00 |
| Actif net à la fin de l'exercice |  | 539.470.735,95 |

World SRI MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 2.340.096,04 |
| Intérêts sur obligations | 1h | 0,00 |
| Intérêts créditeurs |  | 1.500,56 |
| Commissions perçues sur souscriptions et rachats | 6 | 198.851,96 |
| Récupérations de taxes |  | 8.946,14 |
| Total Revenus |  | 2.549.394,70 |
| Charges |  |  |
| Commission de gestion | 4 | 343.743,34 |
| Commission de banque dépositaire | 8 | 15.337,03 |
| Taxe d'abonnement | 5 | 28.219,18 |
| Frais d'administration | 7 | 215.953,04 |
| Frais et commissions divers |  | 31.903,07 |
| Frais de transactions | 9 | 226.873,59 |
| Intérêts débiteurs |  | 4.418,71 |
| Redevance aux autorités étrangères |  | 9.692,50 |
| Total Charges |  | 876.140,46 |
| Revenus / Pertes Net(te)s |  | 1.673.254,24 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | 9.646.577,53 |
| - sur devises |  | -2.904,68 |
| - sur changes à terme |  | 0,00 |
| - sur futures | 1i | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 11.316.927,09 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | 2.811.539,53 |
| - sur futures | 1i | 0,00 |
| Résultat net des opérations |  | 14.128.466,62 |
| - Souscriptions |  | 55.203.523,60 |
| - Rachats |  | -76.847.204,18 |
| Dividendes payés | 12 | -143.614,76 |
| Variations de l'actif net |  | -7.658.828,72 |
| Actif net au début de l'exercice |  | 151.410.777,54 |
| Actif net à la fin de l'exercice |  | 143.751.948,82 |

US SRI MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 3.780.123,46 |
| Intérêts sur obligations | 1h | 0,00 |
| Intérêts créditeurs |  | 200,07 |
| Commissions perçues sur souscriptions et rachats | 6 | 449.179,63 |
| Récupérations de taxes |  | 0,00 |
| Total Revenus |  | 4.229.503,16 |
| Charges |  |  |
| Commission de gestion | 4 | 775.329,02 |
| Commission de banque dépositaire | 8 | 34.496,86 |
| Taxe d'abonnement | 5 | 51.119,98 |
| Frais d'administration | 7 | 439.577,29 |
| Frais et commissions divers |  | 61.926,20 |
| Frais de transactions | 9 | 386.857,41 |
| Intérêts débiteurs |  | 2.149,17 |
| Redevance aux autorités étrangères |  | 7.338,47 |
| Total Charges |  | 1.758.794,40 |
| Revenus / Pertes Net(te)s |  | 2.470.708,76 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | 16.655.274,52 |
| - sur devises |  | 193.464,67 |
| - sur changes à terme |  | 3.333,09 |
| - sur futures | 1i | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 19.322.781,04 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | 41.864.598,76 |
| - sur futures | 1i | 0,00 |
| Résultat net des opérations |  | 61.187.379,80 |
| - Souscriptions |  | 321.886.724,18 |
| - Rachats |  | -126.677.543,22 |
| Dividendes payés | 12 | -113.017,71 |
| Variations de l'actif net |  | 256.283.543,05 |
| Actif net au début de l'exercice |  | 229.051.779,90 |
| Actif net à la fin de l'exercice |  | 485.335.322,95 |

EMU SRI MSCI Index
|  | Notes | Valeur (en EUR) |
| --- | --- | --- |

| Revenus |  |  |
| --- | --- | --- |
| Dividendes reçus sur actions | 1h | 1.234.344,22 |
| Intérêts sur obligations | 1h | 0,00 |
| Intérêts créditeurs |  | 12,10 |
| Commissions perçues sur souscriptions et rachats | 6 | 91.717,85 |
| Récupérations de taxes |  | 51.561,67 |
| Total Revenus |  | 1.377.635,84 |
| Charges |  |  |
| Commission de gestion | 4 | 129.581,98 |
| Commission de banque dépositaire | 8 | 5.258,33 |
| Taxe d'abonnement | 5 | 14.317,36 |
| Frais d'administration | 7 | 98.813,87 |
| Frais et commissions divers |  | 13.528,09 |
| Frais de transactions | 9 | 171.358,96 |
| Intérêts débiteurs |  | 235,93 |
| Redevance aux autorités étrangères |  | 6.874,96 |
| Total Charges |  | 439.969,48 |
| Revenus / Pertes Net(te)s |  | 937.666,36 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements |  | -2.094.128,97 |
| - sur devises |  | -434,43 |
| - sur changes à terme |  | 0,00 |
| - sur futures | 1i | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -1.156.897,04 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1f | -1.271.351,41 |
| - sur futures | 1i | 0,00 |
| Résultat net des opérations |  | -2.428.248,45 |
| - Souscriptions |  | 41.777.723,69 |
| - Rachats |  | -29.433.716,74 |
| Dividendes payés | 12 | -127.624,59 |
| Variations de l'actif net |  | 9.788.133,91 |
| Actif net au début de l'exercice |  | 47.226.786,10 |
| Actif net à la fin de l'exercice |  | 57.014.920,01 |

Europe Behavioral Value
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| AMS A.G. | 12.500 | CHF | 193.445,55 | 223.752,95 | 0,56% |
| LAFARGE-HOLCIM LTD | 6.000 | CHF | 264.401,91 | 269.724,01 | 0,67% |
| THE SWATCH GROUP A.G. | 1.800 | CHF | 382.241,06 | 401.923,17 | 1,00% |
| UBS GROUP A.G. | 45.000 | CHF | 465.444,48 | 518.838,70 | 1,29% |
| VIFOR PHARMACEUTICAL A.G. | 2.300 | CHF | 316.528,56 | 295.594,29 | 0,73% |
| Total FRANC SUISSE |  |  | 1.622.061,56 | 1.709.833,12 | 4,24% |
| AP MOELLER-MAERSK -B- | 200 | DKK | 262.659,86 | 365.287,60 | 0,91% |
| H. LUNDBECK A-S | 14.000 | DKK | 379.486,92 | 392.721,12 | 0,97% |
| Total COURONNE DANOISE |  |  | 642.146,78 | 758.008,72 | 1,88% |
| A2A SpA | 160.000 | EUR | 204.519,48 | 208.720,00 | 0,52% |
| AGEAS N.V. | 10.000 | EUR | 376.914,80 | 435.800,00 | 1,08% |
| ALTEN S.A. | 1.000 | EUR | 72.909,72 | 92.650,00 | 0,23% |
| AMUNDI S.A. | 5.000 | EUR | 323.510,29 | 334.000,00 | 0,83% |
| ANHEUSER-BUSCH INBEV | 10.000 | EUR | 484.926,96 | 570.100,00 | 1,41% |
| ARCELORMITTAL S.A. | 20.000 | EUR | 235.509,50 | 377.600,00 | 0,94% |
| ARKEMA | 2.500 | EUR | 213.895,42 | 233.750,00 | 0,58% |
| AROUNDTOWN S.A. | 35.000 | EUR | 214.176,80 | 214.200,00 | 0,53% |
| ASSICURAZIONI GENERALI | 24.000 | EUR | 344.988,85 | 342.240,00 | 0,85% |
| ATOS SE | 3.500 | EUR | 239.913,50 | 261.730,00 | 0,65% |
| AXA | 26.000 | EUR | 469.908,68 | 507.312,00 | 1,26% |
| BANCO SANTANDER S.A. -REG- | 150.000 | EUR | 364.308,60 | 380.700,00 | 0,94% |
| BMW-BAYERISCHE MOTOREN WERKE A.G. | 8.000 | EUR | 494.352,61 | 577.840,00 | 1,43% |
| BNP PARIBAS S.A. | 15.000 | EUR | 575.773,04 | 646.575,00 | 1,60% |
| BOUYGUES | 12.000 | EUR | 359.916,00 | 403.800,00 | 1,00% |
| BRENNTAG A.G. | 4.000 | EUR | 193.726,64 | 253.360,00 | 0,63% |
| CAPGEMINI SE | 2.500 | EUR | 241.964,04 | 317.000,00 | 0,79% |
| CARREFOUR S.A. | 13.000 | EUR | 200.462,32 | 182.390,00 | 0,45% |
| CNP ASSURANCES | 16.000 | EUR | 173.078,43 | 210.880,00 | 0,52% |
| COMPAGNIE DE SAINT-GOBAIN | 12.000 | EUR | 456.433,76 | 450.000,00 | 1,12% |
| COVESTRO A.G. | 6.000 | EUR | 271.603,72 | 302.880,00 | 0,75% |
| DANONE | 11.000 | EUR | 694.064,06 | 591.360,00 | 1,47% |
| DEUTSCHE POST AG-REG | 11.000 | EUR | 346.028,68 | 445.500,00 | 1,11% |
| DIALOG SEMICONDUCTOR PLC | 5.000 | EUR | 190.190,96 | 223.450,00 | 0,55% |
| EDF | 10.000 | EUR | 128.844,59 | 128.950,00 | 0,32% |
| EIFFAGE S.A. | 4.000 | EUR | 316.812,91 | 316.160,00 | 0,78% |
| ELIA GROUP | 2.500 | EUR | 211.957,45 | 243.750,00 | 0,60% |
| ELIS S.A. | 10.000 | EUR | 107.804,00 | 136.300,00 | 0,34% |
| ENGIE S.A. | 35.000 | EUR | 472.579,93 | 438.200,00 | 1,09% |
| ESSILOR LUXOTTICA S.A. | 4.000 | EUR | 404.266,75 | 510.200,00 | 1,27% |
| EVONIK INDUSTRIES A.G. | 12.000 | EUR | 288.958,73 | 320.160,00 | 0,79% |
| FRESENIUS MEDICAL CARE A.G. | 5.000 | EUR | 341.757,55 | 341.000,00 | 0,85% |
| FRESENIUS SE & CO KGAA | 7.000 | EUR | 267.967,62 | 264.880,00 | 0,66% |
| GERRESHEIMER A.G. | 3.000 | EUR | 289.519,09 | 263.250,00 | 0,65% |

Europe Behavioral Value
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| GRIFOLS S.A. | 15.000 | EUR | 396.529,73 | 358.200,00 | 0,89% |
| --- | --- | --- | --- | --- | --- |
| GROUPE BRUX LAMBERT | 4.000 | EUR | 341.837,13 | 330.080,00 | 0,82% |
| HEIDELBERGCEMENT A.G. | 6.000 | EUR | 297.555,41 | 367.320,00 | 0,91% |
| HENKEL | 7.000 | EUR | 690.414,44 | 646.100,00 | 1,60% |
| HERA SpA | 50.000 | EUR | 161.522,62 | 149.000,00 | 0,37% |
| INTESA SAN PAOLO SpA | 200.000 | EUR | 355.094,05 | 382.520,00 | 0,95% |
| IPSEN | 4.000 | EUR | 304.270,20 | 271.600,00 | 0,67% |
| JUST EAT TAKEAWAY COM N.V. | 2.500 | EUR | 217.886,38 | 231.000,00 | 0,57% |
| KONINKLIJKE AHOLD DELHAIZE N.V. | 11.000 | EUR | 253.252,95 | 254.210,00 | 0,63% |
| KONINKLIJKE PHILIPS N.V. | 8.000 | EUR | 323.093,94 | 350.240,00 | 0,87% |
| LEG IMMOBILIEN A.G. | 1.000 | EUR | 116.423,22 | 127.060,00 | 0,32% |
| MEDIOBANCA | 40.000 | EUR | 256.245,42 | 301.600,00 | 0,75% |
| MERCK KGAA | 3.000 | EUR | 306.548,59 | 421.050,00 | 1,04% |
| MERLIN PROPERTIES SOCIMI S.A | 10.000 | EUR | 131.800,00 | 77.800,00 | 0,19% |
| NN GROUP N.V. | 10.873 | EUR | 312.060,47 | 386.317,69 | 0,96% |
| OMV | 10.000 | EUR | 310.836,56 | 330.000,00 | 0,82% |
| ORANGE | 30.000 | EUR | 345.811,41 | 292.020,00 | 0,72% |
| ORPEA | 1.000 | EUR | 93.784,07 | 107.550,00 | 0,27% |
| PERNOD RICARD S.A. | 3.000 | EUR | 429.175,15 | 470.400,00 | 1,17% |
| PEUGEOT | 24.000 | EUR | 359.934,76 | 536.880,00 | 1,33% |
| PHILIPS LIGHTING N.V. | 7.000 | EUR | 193.919,14 | 241.710,00 | 0,60% |
| PROSUS NV | 4.000 | EUR | 311.938,61 | 353.440,00 | 0,88% |
| PROXIMUS S.A. | 12.000 | EUR | 205.257,20 | 194.520,00 | 0,48% |
| PUBLICIS GROUPE S.A. | 4.000 | EUR | 120.864,95 | 163.040,00 | 0,40% |
| QIAGEN N.V. -REG- | 8.000 | EUR | 343.478,96 | 339.600,00 | 0,84% |
| RAIFFEISEN BANK INTERNATIONAL A.G. | 22.000 | EUR | 434.934,19 | 366.960,00 | 0,91% |
| REXEL S.A. | 20.000 | EUR | 249.948,07 | 257.900,00 | 0,64% |
| RUBIS SCA | 8.000 | EUR | 299.696,34 | 303.840,00 | 0,75% |
| RWE A.G. -A- | 10.000 | EUR | 318.857,59 | 345.700,00 | 0,86% |
| SANOFI S.A. | 12.000 | EUR | 984.137,37 | 944.400,00 | 2,34% |
| SAP A.G. | 4.000 | EUR | 467.181,84 | 428.880,00 | 1,06% |
| SIEMENS ENERGY A.G. | 17.000 | EUR | 344.192,49 | 510.000,00 | 1,27% |
| SIEMENS -NOM- | 7.000 | EUR | 591.087,68 | 822.640,00 | 2,04% |
| SODEXO | 4.000 | EUR | 301.007,93 | 276.880,00 | 0,69% |
| SOLVAY & CIE | 4.000 | EUR | 343.461,94 | 387.520,00 | 0,96% |
| SPIE S.A. | 10.000 | EUR | 142.054,85 | 178.100,00 | 0,44% |
| STMICROELECTRONICS | 10.000 | EUR | 239.777,19 | 305.500,00 | 0,76% |
| TELEPERFORMANCE | 800 | EUR | 179.051,68 | 217.040,00 | 0,54% |
| TOTAL SE | 30.000 | EUR | 1.099.377,85 | 1.059.000,00 | 2,63% |
| UCB | 4.000 | EUR | 297.922,96 | 337.920,00 | 0,84% |
| VEOLIA ENVIRONNEMENT | 15.000 | EUR | 241.179,13 | 300.150,00 | 0,74% |
| VIVENDI | 8.000 | EUR | 202.101,23 | 211.040,00 | 0,52% |
| VOESTALPINE A.G. | 7.000 | EUR | 142.143,19 | 205.100,00 | 0,51% |
| WIENERBERGER A.G. | 8.000 | EUR | 173.454,08 | 208.640,00 | 0,52% |
| WOLTERS KLUWER N.V. | 3.000 | EUR | 204.748,99 | 207.180,00 | 0,51% |
| WORLDLINE S.A. | 4.000 | EUR | 305.469,10 | 316.400,00 | 0,78% |
| Total EURO |  |  | 25.314.866,53 | 27.400.734,69 | 67,98% |
| ANGLO AMERICAN PLC | 18.000 | GBP | 369.719,16 | 487.554,46 | 1,21% |
| ASSOCIATED BRITISH FOODS PLC | 10.000 | GBP | 239.354,11 | 252.932,63 | 0,63% |

Europe Behavioral Value
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| AVIVA PLC | 100.000 | GBP | 450.876,16 | 363.311,36 | 0,90% |
| --- | --- | --- | --- | --- | --- |
| B&M EUROPEAN VALUE RETAIL SA. REG. | 25.000 | GBP | 136.727,01 | 144.173,84 | 0,36% |
| BAE SYSTEMS PLC | 50.000 | GBP | 286.096,15 | 273.042,12 | 0,68% |
| BARCLAYS PLC (NEW) | 250.000 | GBP | 326.491,32 | 409.674,90 | 1,02% |
| BARRATT DEVELOPMENT | 70.000 | GBP | 446.831,78 | 523.963,80 | 1,30% |
| BRITISH LAND CO PLC | 25.000 | GBP | 101.591,56 | 136.576,92 | 0,34% |
| ENTAIN PLC | 20.000 | GBP | 203.052,00 | 253.267,79 | 0,63% |
| GLAXOSMITHKLINE PLC | 30.000 | GBP | 515.960,74 | 449.782,15 | 1,12% |
| INFORMA PLC | 35.000 | GBP | 303.520,68 | 214.668,75 | 0,53% |
| J.SAINSBURY PLC | 50.000 | GBP | 146.809,67 | 125.963,58 | 0,31% |
| JOHNSON MATTHEY PLC | 8.000 | GBP | 203.511,26 | 216.735,56 | 0,54% |
| KINGFISHER PLC | 50.000 | GBP | 125.886,73 | 151.044,58 | 0,37% |
| M&G PLC | 100.000 | GBP | 188.298,19 | 221.148,48 | 0,55% |
| MEGGITT PLC | 40.000 | GBP | 178.055,87 | 208.468,33 | 0,52% |
| MELROSE INDUSTRIES PLC | 120.000 | GBP | 222.831,30 | 238.699,59 | 0,59% |
| RECKITT BENCKISER GROUP PLC | 6.000 | GBP | 453.042,41 | 438.520,84 | 1,09% |
| STANDARD CHARTERED PLC | 80.000 | GBP | 379.391,39 | 416.400,40 | 1,03% |
| TATE & LYLE PLC | 45.000 | GBP | 332.998,03 | 339.045,92 | 0,84% |
| VODAFONE GROUP PLC | 300.000 | GBP | 586.716,57 | 405.340,19 | 1,01% |
| Total LIVRE STERLING |  |  | 6.197.762,09 | 6.270.316,19 | 15,56% |
| EQUINOR ASA | 40.000 | NOK | 510.739,03 | 553.455,52 | 1,37% |
| ORKLA ASA | 50.000 | NOK | 401.948,85 | 415.234,82 | 1,03% |
| Total COURONNE NORVÉGIENNE |  |  | 912.687,88 | 968.690,34 | 2,40% |
| BOLIDEN AB | 12.000 | SEK | 286.054,96 | 347.992,24 | 0,86% |
| ELECTROLUX -B- | 12.000 | SEK | 226.505,96 | 228.511,72 | 0,57% |
| ESSITY -B- | 15.000 | SEK | 401.681,06 | 394.835,05 | 0,98% |
| HUSQVARNA AB -B- | 40.000 | SEK | 240.877,08 | 423.943,87 | 1,05% |
| SKANSKA -B-FRIA | 8.000 | SEK | 132.270,85 | 166.950,29 | 0,41% |
| SWEDISH ORPHAN BIOVITRUM AB | 24.000 | SEK | 392.493,96 | 396.715,93 | 0,98% |
| TELEFONAB ERICSSON -B- FRIA | 30.000 | SEK | 273.346,87 | 291.506,19 | 0,72% |
| VOLVO AB-B | 25.000 | SEK | 398.930,72 | 482.161,52 | 1,20% |
| Total COURONNE SUÉDOISE |  |  | 2.352.161,46 | 2.732.616,81 | 6,78% |
| COCA-COLA EUROPEAN PARTNERS PLC | 8.000 | USD | 297.772,47 | 325.806,06 | 0,81% |
| Total DOLLAR DES ETATS-UNIS |  |  | 297.772,47 | 325.806,06 | 0,81% |
| Total Actions Cotées ou Négociées |  |  | 37.339.458,77 | 40.166.005,93 | 99,65% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 37.339.458,77 | 40.166.005,93 | 99,65% |
| Total du Portefeuille-Titres |  |  | 37.339.458,77 | 40.166.005,93 | 99,65% |

EMU Dividend
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| AENA S.A. | 1.073 | EUR | 172.429,77 | 152.580,60 | 1,20% |
| ALD S.A. | 21.976 | EUR | 318.618,17 | 252.724,00 | 1,99% |
| ALTAREA | 1.117 | EUR | 230.906,74 | 160.177,80 | 1,26% |
| ARKEMA | 4.903 | EUR | 367.149,06 | 458.430,50 | 3,61% |
| AROUNDTOWN S.A. | 29.820 | EUR | 225.020,85 | 182.498,40 | 1,44% |
| ASTM SpA | 23.058 | EUR | 526.316,78 | 474.994,80 | 3,74% |
| BANCA GENERALI SpA | 6.097 | EUR | 120.349,51 | 166.082,28 | 1,31% |
| BE SEMICONDUCTOR INDUSTRIES | 1.336 | EUR | 50.040,88 | 66.238,88 | 0,52% |
| COFINIMMO -SICAFI- | 994 | EUR | 122.096,19 | 121.069,20 | 0,95% |
| DANONE | 6.582 | EUR | 362.819,60 | 353.848,32 | 2,79% |
| DOVALUE SpA | 33.073 | EUR | 337.909,91 | 319.154,45 | 2,51% |
| EDP ENERGIAS -REG- | 128.925 | EUR | 447.439,01 | 664.737,30 | 5,24% |
| ENAV SpA | 60.325 | EUR | 245.001,16 | 217.049,35 | 1,71% |
| ENEL AZ | 85.544 | EUR | 406.333,34 | 707.962,14 | 5,58% |
| GAZTRANSPORT ET TECHNIGAZ S.A. | 1.594 | EUR | 134.299,73 | 126.244,80 | 0,99% |
| IBERDROLA S.A. | 20.531 | EUR | 189.976,84 | 240.212,70 | 1,89% |
| IPSEN | 3.000 | EUR | 237.816,14 | 203.700,00 | 1,60% |
| KBC GROUP S.A. | 4.992 | EUR | 308.507,76 | 285.941,76 | 2,25% |
| KONECRANES PLC | 9.482 | EUR | 236.202,86 | 272.891,96 | 2,15% |
| KONINKLIJKE KPN | 193.984 | EUR | 503.052,73 | 482.438,21 | 3,80% |
| MEDIOBANCA | 67.704 | EUR | 649.979,80 | 510.488,16 | 4,02% |
| NN GROUP N.V. | 18.379 | EUR | 603.536,06 | 653.005,87 | 5,15% |
| NOS SGPS | 82.113 | EUR | 411.893,68 | 234.678,95 | 1,85% |
| OMV | 9.200 | EUR | 404.242,61 | 303.600,00 | 2,39% |
| PEUGEOT | 14.960 | EUR | 198.743,02 | 334.655,20 | 2,64% |
| PROSEGUR CASH S.A. | 241.646 | EUR | 292.708,29 | 193.316,80 | 1,52% |
| SACYR VALLEHERMOSO S.A. | 254.236 | EUR | 623.442,15 | 513.556,72 | 4,05% |
| SAMPO OYJ | 15.983 | EUR | 619.744,13 | 552.532,31 | 4,35% |
| SANOFI S.A. | 8.405 | EUR | 544.799,51 | 661.473,50 | 5,21% |
| SODEXO | 4.868 | EUR | 309.177,43 | 336.962,96 | 2,65% |
| TERNA SpA | 54.976 | EUR | 299.795,97 | 343.600,00 | 2,71% |
| THE NAVIGATOR CO S.A. | 237.560 | EUR | 1.022.371,82 | 593.424,88 | 4,68% |
| TIETO EVRY | 27.502 | EUR | 692.773,23 | 738.703,72 | 5,82% |
| VALMET CORP. | 11.326 | EUR | 211.440,41 | 264.575,36 | 2,08% |
| VAN LANSCHOT KEMPEN N.V. | 10.936 | EUR | 273.213,37 | 229.656,00 | 1,81% |
| VINCI S.A. | 1.571 | EUR | 139.701,73 | 127.816,56 | 1,01% |
| Total EURO |  |  | 12.839.850,24 | 12.501.024,44 | 98,50% |
| Total Actions Cotées ou Négociées |  |  | 12.839.850,24 | 12.501.024,44 | 98,50% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 12.839.850,24 | 12.501.024,44 | 98,50% |

EMU Dividend
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Autres valeurs mobilières |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| EQUADIS S.A. | 32.000 | CHF | 0,00 | 0,00 | 0,00% |
| Total FRANC SUISSE |  |  | 0,00 | 0,00 | 0,00% |
| Total Autres valeurs mobilières |  |  | 0,00 | 0,00 | 0,00% |
| Total du Portefeuille-Titres |  |  | 12.839.850,24 | 12.501.024,44 | 98,50% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| ABU DHABI COMMERCIAL BANK | 300.000 | AED | 548.350,82 | 413.857,55 | 0,08% |
| ALDAR PROPERTIES P.J.S.C. | 400.000 | AED | 247.074,46 | 280.355,12 | 0,05% |
| DUBAI ISLAMIC BANK P.J.S.C. | 180.902 | AED | 199.407,09 | 185.559,09 | 0,03% |
| EMAAR PROPERTIES | 400.325 | AED | 824.457,14 | 314.431,00 | 0,06% |
| EMIRATES NBD BANK P.J.S.C. | 200.000 | AED | 457.519,34 | 458.358,37 | 0,08% |
| EMIRATES TELECOMMUNICATIONS CORP. | 148.000 | AED | 590.890,96 | 556.527,16 | 0,10% |
| NATIONAL BANK OF ABU DHABI | 220.827 | AED | 681.236,15 | 633.840,26 | 0,12% |
| Total DIRHAM DES ETATS ARABES UNIS |  |  | 3.548.935,96 | 2.842.928,55 | 0,53% |
| AMBEV S.A. | 400.000 | BRL | 2.060.815,94 | 984.996,89 | 0,18% |
| ATACADAO S.A. | 23.000 | BRL | 94.620,44 | 70.172,37 | 0,01% |
| B2W COMPANHIA GLOBAL DO VAREJO | 20.000 | BRL | 179.109,92 | 237.941,26 | 0,04% |
| B3 S.A. - BRASIL BOLSA BALCAO | 175.013 | BRL | 877.483,33 | 1.706.799,11 | 0,32% |
| BANCO BRADESCO S.A. | 373.060 | BRL | 1.778.703,47 | 1.593.122,08 | 0,30% |
| BANCO BRADESCO S.A. | 117.887 | BRL | 658.178,14 | 448.891,94 | 0,08% |
| BANCO BTG PACTUAL S.A. | 18.700 | BRL | 181.578,02 | 276.585,87 | 0,05% |
| BANCO DO BRASIL S.A. | 75.000 | BRL | 564.496,61 | 457.881,94 | 0,08% |
| BANCO SANTANDER (BRASIL) S.A. UNITS | 32.200 | BRL | 205.516,51 | 227.135,56 | 0,04% |
| BB SEGURIDADE PARTICIPACOES S.A. | 45.000 | BRL | 394.426,55 | 209.799,62 | 0,04% |
| BRADESPAR S.A. | 15.000 | BRL | 136.901,30 | 150.369,37 | 0,03% |
| BRF BRASIL FOODS S.A. | 48.300 | BRL | 835.382,42 | 167.501,71 | 0,03% |
| CENTRAIS ELETRICAS BRASILEIRAS | 26.000 | BRL | 207.396,09 | 151.368,53 | 0,03% |
| CIA ENERGETICA DE MINAS GERAIS CMIG | 60.445 | BRL | 260.584,16 | 138.479,08 | 0,03% |
| CIA SIDERURGICA NACIONAL | 59.500 | BRL | 135.412,84 | 298.185,78 | 0,06% |
| COMPANHIA BRASILEIRA DE DISTRIBUICA | 16.000 | BRL | 362.692,98 | 188.943,17 | 0,04% |
| COMPANHIA DE CONCESSOES RODOVIARIAS | 123.500 | BRL | 655.262,63 | 261.755,06 | 0,05% |
| COMPANHIA DE SANEAMENTO BASICO | 27.400 | BRL | 219.059,43 | 191.595,43 | 0,04% |
| COMPANHIA PARANAENSE DE ENERGIA | 10.000 | BRL | 107.194,57 | 117.916,40 | 0,02% |
| COSAN S.A. | 11.000 | BRL | 114.850,49 | 131.075,39 | 0,02% |
| CPFL ENERGIA S.A. | 20.000 | BRL | 109.226,69 | 102.433,38 | 0,02% |
| ELECTROBRAS | 25.000 | BRL | 212.543,44 | 144.248,55 | 0,03% |
| ENERGISA S.A. | 19.000 | BRL | 184.068,58 | 156.535,83 | 0,03% |
| ENGIE BRASIL ENERGIA S.A. | 20.375 | BRL | 205.339,50 | 140.869,90 | 0,03% |
| EQUATORIAL ENERGIA S.A. | 60.000 | BRL | 165.348,70 | 218.650,43 | 0,04% |
| GERDAU S.A. | 107.700 | BRL | 441.664,75 | 414.338,31 | 0,08% |
| HAPVIDA PARTICIPACOES -E- INVESTIMEMT | 84.600 | BRL | 220.769,75 | 203.135,31 | 0,04% |
| HYPERA S.A. | 31.000 | BRL | 195.755,96 | 167.063,97 | 0,03% |
| ITAUSA INVESTIMENTOS I S.A. | 355.507 | BRL | 773.611,25 | 656.155,38 | 0,12% |
| ITAU UNIBANCO HLDG SA. | 410.010 | BRL | 2.289.568,58 | 2.040.582,55 | 0,38% |
| JBS S.A. | 114.100 | BRL | 313.374,89 | 424.776,92 | 0,08% |
| KLABIN S.A. CTF DE DEPOSITO DE ACOES | 68.300 | BRL | 264.913,38 | 284.469,15 | 0,05% |
| LOCALIZA RENT -A- CAR S.A. | 48.573 | BRL | 221.758,56 | 526.974,65 | 0,10% |
| LOJAS AMERICANAS S.A. PFUND | 92.000 | BRL | 394.204,45 | 380.573,85 | 0,07% |
| LOJAS RENNER S.A. | 72.284 | BRL | 274.734,09 | 495.211,96 | 0,09% |
| MAGAZINE LUIZA | 266.500 | BRL | 308.401,81 | 1.046.232,70 | 0,19% |
| MULTIPLAN EMPREENDIMENTOS IMOBILIAR | 25.546 | BRL | 154.538,72 | 94.581,32 | 0,02% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| NATURA & CO HLDG S.A. | 72.000 | BRL | 589.741,71 | 594.774,48 | 0,11% |
| --- | --- | --- | --- | --- | --- |
| NOTRE DAME INTERMEDICA PARTICIPACOE | 45.000 | BRL | 478.429,24 | 554.698,01 | 0,10% |
| PETROBRAS DISTRIBUIDORA S.A. 144A | 51.400 | BRL | 256.906,60 | 178.980,23 | 0,03% |
| PETROLEO BRASILEIRO S.A. | 397.000 | BRL | 2.195.494,40 | 1.770.316,35 | 0,33% |
| PETROLEO BRASILEIRO S.A. -PREF-S.A. | 310.000 | BRL | 1.689.384,48 | 1.407.239,57 | 0,26% |
| RAIA DROGASIL S.A. | 75.000 | BRL | 99.562,29 | 295.499,07 | 0,05% |
| RUMO S.A. | 125.000 | BRL | 318.723,78 | 378.421,33 | 0,07% |
| SUL AMERICA S.A. | 23.621 | BRL | 125.490,09 | 164.833,58 | 0,03% |
| SUZANO S.A. | 57.947 | BRL | 206.193,70 | 533.757,76 | 0,10% |
| TELEFONICA BRASIL S.A. | 40.000 | BRL | 625.071,15 | 292.666,81 | 0,05% |
| TIM S.A. | 75.300 | BRL | 288.245,19 | 173.577,38 | 0,03% |
| TOTVS S.A. | 30.000 | BRL | 126.062,30 | 135.570,82 | 0,03% |
| ULTRAPAR PARTICIPACOES S.A. | 60.000 | BRL | 536.684,62 | 224.126,13 | 0,04% |
| VALE S.A. | 307.206 | BRL | 3.307.922,16 | 4.227.173,12 | 0,78% |
| VIA VAREJO S.A. | 90.000 | BRL | 277.307,97 | 228.846,56 | 0,04% |
| WEG S.A. | 70.088 | BRL | 340.456,22 | 835.275,02 | 0,15% |
| Total REAL BRÉSILIEN |  |  | 28.221.164,84 | 27.503.106,94 | 5,10% |
| BANCO DE CHILE | 4.000.000 | CLP | 444.562,41 | 333.819,38 | 0,06% |
| BANCO DE CREDITO E INVERSIONES S.A. -CAP- | 2.810 | CLP | 106.841,75 | 90.150,67 | 0,02% |
| BANCO SANTANDER CHILE | 6.018.256 | CLP | 282.543,89 | 236.069,12 | 0,04% |
| CENCOSUD S.A. | 100.000 | CLP | 283.344,66 | 145.513,96 | 0,03% |
| CENCOSUD SHOPPING S.A. | 50.000 | CLP | 76.410,42 | 65.481,28 | 0,01% |
| CERVEZAS | 15.313 | CLP | 144.198,08 | 92.424,15 | 0,02% |
| COLBUN S.A. | 600.000 | CLP | 115.920,26 | 86.618,19 | 0,02% |
| EMBOTELLADORA ANDINA S.A. PREF -B- | 40.000 | CLP | 130.978,39 | 84.156,53 | 0,02% |
| EMPRESAS CMPC S.A. | 100.000 | CLP | 216.576,87 | 215.107,60 | 0,04% |
| EMPRESAS COPEC S.A. | 25.656 | CLP | 263.008,96 | 212.783,70 | 0,04% |
| ENEL AMERICAS S.A | 3.109.208 | CLP | 322.396,71 | 414.915,20 | 0,08% |
| ENEL CHILE S.A. | 2.000.000 | CLP | 159.130,87 | 126.994,00 | 0,02% |
| FALABELLA SOCIEDAD ANOMINA COMERCIA | 60.000 | CLP | 428.907,65 | 181.518,60 | 0,03% |
| SOCIEDAD QUIMICA Y MINERA DE CHILE | 11.304 | CLP | 247.651,84 | 449.906,62 | 0,08% |
| Total PESO CHILIEN |  |  | 3.222.472,76 | 2.735.459,00 | 0,51% |
| BANCOLOMBIA ORD | 20.000 | COP | 186.877,76 | 167.162,35 | 0,03% |
| BANCOLOMBIA S.A. BANCOLOMBIA PFUND | 33.000 | COP | 307.649,33 | 276.764,09 | 0,05% |
| ECOPETROL S.A. | 461.419 | COP | 610.746,32 | 247.514,41 | 0,05% |
| INTERCONEXION ELECTRICA S.A. ESP | 37.956 | COP | 140.391,81 | 233.078,51 | 0,04% |
| Total PESO COLOMBIEN |  |  | 1.245.665,22 | 924.519,36 | 0,17% |
| CESKE ENERGETICKE ZAVODY A.S. (CEZ) | 15.598 | CZK | 276.753,10 | 305.878,07 | 0,06% |
| KOMERCNI BANKA A.S. | 7.040 | CZK | 250.081,71 | 176.120,63 | 0,03% |
| Total COURONNE TCHÈQUE |  |  | 526.834,81 | 481.998,70 | 0,09% |
| GRUPO DE INVERSIONES SURAMERICANA | 26.741 | EUR | 385.695,22 | 160.485,36 | 0,03% |
| HELLENIC TELECOMMUNICATIONS | 27.000 | EUR | 253.543,85 | 355.860,00 | 0,07% |
| JUMBO S.A. | 6.837 | EUR | 69.648,52 | 97.153,77 | 0,02% |
| NEPI ROCKCASTLE PLC | 31.287 | EUR | 346.201,48 | 159.563,70 | 0,03% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| OPAP S.A. | 20.000 | EUR | 202.351,52 | 219.000,00 | 0,04% |
| --- | --- | --- | --- | --- | --- |
| REINET INVESTMENTS SCA | 14.000 | EUR | 225.604,30 | 212.800,00 | 0,04% |
| Total EURO |  |  | 1.483.044,89 | 1.204.862,83 | 0,22% |
| POLYMETAL INTERNATIONAL PLC | 20.000 | GBP | 234.047,96 | 376.382,53 | 0,07% |
| Total LIVRE STERLING |  |  | 234.047,96 | 376.382,53 | 0,07% |
| 3SBIO INC. | 110.000 | HKD | 196.493,26 | 81.973,17 | 0,02% |
| AAC TECHNOLOGIES HLDG INC. | 73.000 | HKD | 248.172,17 | 333.942,92 | 0,06% |
| AGILE PROPERTY HLDG LTD | 160.000 | HKD | 216.519,37 | 174.044,11 | 0,03% |
| AGRICULTURAL BANK OF CHINA -H- | 2.200.000 | HKD | 805.343,08 | 658.568,08 | 0,12% |
| AIR CHINA LTD | 196.000 | HKD | 134.199,85 | 126.021,77 | 0,02% |
| AK MEDICAL HLDG LTD | 38.000 | HKD | 104.850,52 | 53.912,36 | 0,01% |
| ALIBABA HEALTH INFORMATION | 344.000 | HKD | 394.868,43 | 830.335,45 | 0,15% |
| ALIBABA PICTURES GROUP LTD | 800.000 | HKD | 196.444,90 | 80.950,75 | 0,02% |
| A-LIVING SMART CITY SERVICES CO LTD | 50.000 | HKD | 175.673,56 | 181.295,95 | 0,03% |
| ALUMINUM CORPORATION OF CHINA LTD | 300.000 | HKD | 167.118,24 | 86.642,60 | 0,02% |
| ANHUI CONCH CEMENT CO LTD -H- | 110.000 | HKD | 326.049,78 | 562.913,38 | 0,10% |
| ANTA SPORTS PRODUCTS LTD | 90.000 | HKD | 135.363,51 | 1.165.880,52 | 0,22% |
| AVICHINA INDUSTRY & TECHNOLOGY -H- | 200.000 | HKD | 142.263,74 | 114.047,80 | 0,02% |
| BANK OF CHINA LTD -H- | 6.700.000 | HKD | 2.337.255,39 | 1.871.459,06 | 0,35% |
| BANK OF COMMUNICATIONS CO LTD | 800.000 | HKD | 451.555,24 | 345.727,16 | 0,06% |
| BEIJING CAPITAL INTERNATIONAL AIRPORT CO LTD | 238.000 | HKD | 123.488,86 | 162.308,36 | 0,03% |
| BEIJING ENTERPRISES HLDG LTD | 48.500 | HKD | 281.124,78 | 129.336,74 | 0,02% |
| BEIJING ENTERPRISES WATER GROUP LTD | 648.000 | HKD | 275.205,62 | 213.102,85 | 0,04% |
| BOC AVIATION LTD | 15.000 | HKD | 80.163,73 | 105.931,65 | 0,02% |
| BRILLIANCE CHINA AUTOMOTIVE HLDG | 300.000 | HKD | 357.293,86 | 223.246,99 | 0,04% |
| BYD CO LTD -H- | 54.000 | HKD | 215.034,75 | 1.156.583,84 | 0,21% |
| BYD ELECTRONIC CO LTD | 60.000 | HKD | 275.885,56 | 256.765,66 | 0,05% |
| CANSINO BIOLOGICS INC -H- | 5.000 | HKD | 105.818,87 | 93.019,58 | 0,02% |
| CGN POWER CO LTD -H- | 650.000 | HKD | 246.061,26 | 114.416,72 | 0,02% |
| CHINA CINDA ASSET MANAGEMENT CO LTD | 600.000 | HKD | 284.172,72 | 92.966,88 | 0,02% |
| CHINA CITIC BANK CORP. | 800.000 | HKD | 387.015,28 | 277.424,97 | 0,05% |
| CHINA COMMUNICATION -H- | 226.000 | HKD | 122.433,87 | 81.469,34 | 0,02% |
| CHINA CONCH VENTURE HLDG LTD | 132.000 | HKD | 285.301,73 | 524.535,56 | 0,10% |
| CHINA CONSTRUCTION BANK CORP. | 8.150.000 | HKD | 5.338.872,17 | 5.059.790,77 | 0,94% |
| CHINA COSCO -H- | 220.000 | HKD | 106.467,97 | 215.657,86 | 0,04% |
| CHINA EVERBRIGHT BANK CO LTD -H- | 169.000 | HKD | 72.138,95 | 52.549,47 | 0,01% |
| CHINA EVERBRIGHT ENVIRONMENT GROUP | 246.000 | HKD | 210.424,04 | 113.571,37 | 0,02% |
| CHINA EVERGRANDE GROUP | 200.000 | HKD | 187.725,13 | 314.105,77 | 0,06% |
| CHINA FEIHE | 110.000 | HKD | 196.148,53 | 210.556,27 | 0,04% |
| CHINA GALAXY SECURITIES CO LTD | 330.000 | HKD | 355.053,45 | 169.047,93 | 0,03% |
| CHINA GAS HLDG LTD | 230.000 | HKD | 343.432,68 | 746.686,34 | 0,14% |
| CHINA HUARONG ASSET MANAGEMENT CO L | 1.450.000 | HKD | 485.207,92 | 131.439,56 | 0,02% |
| CHINA INTERNATIONAL CAPITAL CORP. | 140.000 | HKD | 265.624,00 | 309.889,59 | 0,06% |
| CHINA JINMAO HLDG GROUP LTD | 550.000 | HKD | 139.868,33 | 206.961,98 | 0,04% |
| CHINA LESSO GROUP HLDG LTD | 110.000 | HKD | 164.366,71 | 140.757,33 | 0,03% |
| CHINA LIFE INSURANCE CO LTD-H | 610.000 | HKD | 1.306.266,02 | 1.099.475,61 | 0,20% |
| CHINA LITERATURE LTD | 23.000 | HKD | 188.259,79 | 147.519,04 | 0,03% |
| CHINA LONGYUAN POWER -H- GROUP CORP. | 302.000 | HKD | 240.618,91 | 247.336,16 | 0,05% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| CHINA MEDICAL SYSTEM HLDG LTD | 130.000 | HKD | 175.102,05 | 118.664,52 | 0,02% |
| --- | --- | --- | --- | --- | --- |
| CHINA MEIDONG AUTO HLDG LTD | 28.000 | HKD | 101.587,85 | 92.966,88 | 0,02% |
| CHINA MENGNIU DAIRY | 235.000 | HKD | 453.039,54 | 1.159.240,03 | 0,21% |
| CHINA MERCHANTS BANK CO LTD -H- | 324.000 | HKD | 589.298,27 | 1.673.403,78 | 0,31% |
| CHINA MERCHANTS PORT HLDG CO LTD | 187.000 | HKD | 488.429,17 | 187.054,20 | 0,03% |
| CHINA MINSHENG BANKING CORP. -H- | 500.240 | HKD | 308.842,66 | 233.056,03 | 0,04% |
| CHINA MOBILE LTD | 512.000 | HKD | 4.261.693,34 | 2.385.348,76 | 0,44% |
| CHINA MOLYBDENUM CO LTD | 390.000 | HKD | 188.135,79 | 208.005,48 | 0,04% |
| CHINA NATIONAL BUILDING MATERIAL | 300.000 | HKD | 218.943,91 | 294.711,32 | 0,05% |
| CHINA OILFIELD SERVICES -H- | 200.000 | HKD | 244.597,00 | 138.290,86 | 0,03% |
| CHINA OVERSEAS LAND & INVESTMENT | 315.000 | HKD | 692.934,29 | 559.793,41 | 0,10% |
| CHINA OVERSEAS PROPERTY HLDG LTD | 110.000 | HKD | 112.550,68 | 46.841,81 | 0,01% |
| CHINA PACIFIC INSURANCE CO LTD | 223.600 | HKD | 606.686,09 | 715.303,17 | 0,13% |
| CHINA PETROLEUM & CHEMICAL CORP. -H- | 1.980.000 | HKD | 1.241.848,82 | 724.193,00 | 0,13% |
| CHINA RAILWAY GROUP LTD -H- | 472.000 | HKD | 228.154,46 | 170.148,36 | 0,03% |
| CHINA RESOURCES BEER HLDG CO LTD | 124.000 | HKD | 259.466,47 | 933.210,36 | 0,17% |
| CHINA RESOURCES CEMENT HLDG LTD | 200.000 | HKD | 202.796,13 | 182.560,81 | 0,03% |
| CHINA RESOURCES GAS GROUP LTD | 80.000 | HKD | 160.940,31 | 347.835,25 | 0,06% |
| CHINA RESOURCES LAND LTD | 278.000 | HKD | 598.395,52 | 937.679,52 | 0,17% |
| CHINA RESOURCES PHARMACEUTICAL | 185.000 | HKD | 190.693,80 | 77.609,42 | 0,01% |
| CHINA RESOURCES POWER HLDG CO | 200.000 | HKD | 347.415,95 | 176.025,72 | 0,03% |
| CHINA SHENHUA ENERGY CO | 266.900 | HKD | 570.710,75 | 410.734,41 | 0,08% |
| CHINA SOUTHERN AIRLINES CO LTD | 234.000 | HKD | 199.266,95 | 113.950,83 | 0,02% |
| CHINA STATE CONSTRUCTION INTERNATIONAL HLDG | 236.000 | HKD | 281.773,77 | 109.949,67 | 0,02% |
| CHINA TAIPING INSURANCE HLDG | 167.600 | HKD | 372.681,21 | 246.968,09 | 0,05% |
| CHINA TELECOM CORP. LTD | 1.400.000 | HKD | 589.990,79 | 317.267,91 | 0,06% |
| CHINA TOWER CORP. LTD -H- | 4.100.000 | HKD | 577.024,14 | 492.661,20 | 0,09% |
| CHINA TRADITIONAL CHINESE MEDICINE | 270.000 | HKD | 213.331,00 | 109.283,51 | 0,02% |
| CHINA UNICOM HONG KONG LTD | 580.000 | HKD | 650.246,22 | 272.049,33 | 0,05% |
| CHINA VANKE CO LTD -H- | 140.000 | HKD | 364.348,77 | 394.740,31 | 0,07% |
| CHINA YOUZAN LTD | 1.200.000 | HKD | 265.631,50 | 292.181,61 | 0,05% |
| CHINA YUHUA EDUCATION CORP. LTD | 116.000 | HKD | 102.314,13 | 82.531,82 | 0,02% |
| CHONGQING RURAL COMMERCIAL | 220.000 | HKD | 126.047,62 | 73.277,29 | 0,01% |
| CIFI HLDG GROUP CO LTD | 314.948 | HKD | 208.281,61 | 218.104,13 | 0,04% |
| CITIC PACIFIC LTD | 564.000 | HKD | 769.789,20 | 326.370,66 | 0,06% |
| CITIC SECURITIES CO LTD -H- | 190.000 | HKD | 448.015,02 | 350.069,83 | 0,06% |
| CNOOC LTD | 1.500.000 | HKD | 2.070.134,75 | 1.135.207,78 | 0,21% |
| COSCO SHIPPING PORTS LTD | 121.181 | HKD | 117.991,28 | 68.846,67 | 0,01% |
| COUNTRY GARDEN SERVICES HLDG CO | 112.000 | HKD | 223.958,38 | 619.188,91 | 0,11% |
| COUNTRY GARDEN SERVICES HLDG CO LTD | 659.133 | HKD | 580.191,42 | 744.779,13 | 0,14% |
| CSPC PHARMACEUTICAL GROUP LTD | 837.120 | HKD | 469.249,04 | 699.714,00 | 0,13% |
| DALI FOODS GROUP CO LTD | 200.000 | HKD | 133.078,49 | 93.388,50 | 0,02% |
| DONGFENG MOTOR GP -H- | 300.000 | HKD | 308.688,92 | 285.857,33 | 0,05% |
| ENN ENERGY HLDG LTD | 66.000 | HKD | 336.776,32 | 791.673,03 | 0,15% |
| FAR EAST HORIZON LTD | 160.000 | HKD | 121.592,45 | 134.749,27 | 0,02% |
| FOSUN INTERNATIONAL LTD | 158.500 | HKD | 134.510,25 | 203.486,78 | 0,04% |
| FUYAO GLASS INDUSTRY GROUP CO LTD | 56.000 | HKD | 201.561,69 | 251.453,27 | 0,05% |
| GEELY AUTOMOBILE | 485.000 | HKD | 293.598,13 | 1.354.712,90 | 0,25% |
| GENSCRIPT BIOTECH CORP. | 80.000 | HKD | 257.226,25 | 95.117,13 | 0,02% |
| GF SECURITIES CO LTD UNITARY 14 | 173.200 | HKD | 444.823,97 | 200.086,64 | 0,04% |
| GOME RETAIL HLDG LTD | 1.300.000 | HKD | 161.235,54 | 127.434,19 | 0,02% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| GREAT WALL MOTOR CO | 300.000 | HKD | 371.292,39 | 841.128,88 | 0,16% |
| --- | --- | --- | --- | --- | --- |
| GREENTOWN SERVICE GROUP CO LTD | 150.000 | HKD | 149.221,68 | 151.308,33 | 0,03% |
| GUANGDONG INVESTMENT LTD | 246.000 | HKD | 228.424,13 | 361.976,34 | 0,07% |
| GUANGZHOU AUTOMOBILE GROUP CO LTD | 242.800 | HKD | 134.537,50 | 220.605,13 | 0,04% |
| GUANGZHOU -H- TEMPORARY | 150.000 | HKD | 164.202,20 | 157.632,61 | 0,03% |
| HAIDILAO INTERNATIONAL HOLDI | 60.000 | HKD | 300.007,12 | 377.559,36 | 0,07% |
| HAIER SMART HOME CO LTD -H- | 203.200 | HKD | 161.105,66 | 601.851,96 | 0,11% |
| HAITIAN INTERNATIONAL HLDG LTD | 80.000 | HKD | 131.626,31 | 225.987,51 | 0,04% |
| HAITONG SECURITIES CO LTD | 300.000 | HKD | 527.223,34 | 219.136,21 | 0,04% |
| HANGZHOU TIGERMED CONSULTING CO LTD | 8.000 | HKD | 112.731,42 | 151.361,04 | 0,03% |
| HANSOH PHARMACEUTICAL GROUP CO | 90.000 | HKD | 326.234,05 | 356.689,24 | 0,07% |
| HENGAN INTERNATIONAL GROUP CO LTD S | 56.000 | HKD | 480.003,70 | 324.055,97 | 0,06% |
| HUA HONG SEMICONDUCTOR LTD | 35.000 | HKD | 86.408,48 | 162.323,12 | 0,03% |
| HUANENG POWER INTERNATIONAL INC. | 144.000 | HKD | 121.446,85 | 42.954,49 | 0,01% |
| HUATAI SECURITIES CO LTD UNITAR | 130.000 | HKD | 310.009,55 | 167.171,73 | 0,03% |
| INDUST. & COMMERC. BANK OF CHINA LTD | 5.150.000 | HKD | 2.706.748,74 | 2.730.454,03 | 0,51% |
| INNOVENT BIOLOGICS INC. | 85.000 | HKD | 340.028,95 | 735.118,18 | 0,14% |
| JIANGSU EXPRESSWAY CO LTD -H- | 106.000 | HKD | 101.372,57 | 96.868,96 | 0,02% |
| JIANGXI COPPER CO LTD -H- | 130.000 | HKD | 143.651,89 | 166.897,68 | 0,03% |
| JINXIN FERTILITY GROUP LTD | 100.000 | HKD | 145.989,34 | 166.539,30 | 0,03% |
| KINGBOARD HLDG LTD | 48.000 | HKD | 211.690,01 | 165.443,09 | 0,03% |
| KINGDEE INTERNATIONAL SOFTWARE GROUP | 200.000 | HKD | 176.483,23 | 666.157,21 | 0,12% |
| KOOLEARN TECHNOLOGY | 28.000 | HKD | 102.412,14 | 82.342,09 | 0,02% |
| KUNLUN ENERGY CO LTD | 420.000 | HKD | 362.256,22 | 296.608,61 | 0,05% |
| KWG GROUP HLDG LTD | 160.000 | HKD | 189.978,71 | 178.428,94 | 0,03% |
| LENOVO GROUP | 571.000 | HKD | 503.411,09 | 440.561,81 | 0,08% |
| LI NING CO LTD | 200.000 | HKD | 294.579,64 | 1.123.613,27 | 0,21% |
| LOGAN GROUP CO LTD | 160.000 | HKD | 207.185,65 | 214.182,19 | 0,04% |
| LONGFOR HOLDINGS | 154.000 | HKD | 173.974,37 | 736.946,96 | 0,14% |
| LUYE PHARMACEUTICAL GROUP LTD | 200.000 | HKD | 185.737,02 | 76.102,14 | 0,01% |
| MEITUAN DIANPING B | 306.400 | HKD | 4.564.640,17 | 9.514.394,58 | 1,76% |
| MICROPORT SCIENTIFIC CORP. | 50.000 | HKD | 180.597,03 | 221.086,19 | 0,04% |
| MINTH GROUP LTD | 60.000 | HKD | 249.434,45 | 258.662,94 | 0,05% |
| NEW CHINA LIFE INSURANCE CO LTD | 77.000 | HKD | 243.816,47 | 245.513,72 | 0,05% |
| NINE DRAGONS PAPER LTD | 140.000 | HKD | 87.791,75 | 162.323,12 | 0,03% |
| PETROCHINA CO LTD | 2.048.000 | HKD | 1.742.850,69 | 518.084,80 | 0,10% |
| PICC PROPERTY & CASUALTY COMP-H | 600.940 | HKD | 481.066,18 | 371.816,68 | 0,07% |
| PING AN HEALTHCARE & TECHNOLOGY | 38.000 | HKD | 268.656,38 | 376.505,31 | 0,07% |
| PING AN INSURANCE GROUP CO -H- | 500.000 | HKD | 2.189.436,14 | 5.006.719,54 | 0,93% |
| POLY PROPERTY SERVICES CO LTD | 10.400 | HKD | 106.168,87 | 66.978,31 | 0,01% |
| POSTAL SAVINGS BANK OF CHINA -H- | 880.000 | HKD | 481.736,36 | 406.271,58 | 0,08% |
| SEAZEN GROUP LTD | 290.000 | HKD | 195.718,01 | 197.159,35 | 0,04% |
| SEMICONDUCTOR MANUFTNG INTERNATIONAL CORP. | 140.000 | HKD | 142.267,51 | 326.121,90 | 0,06% |
| SHANDONG WEIGAO GROUP MEDICAL -H- | 248.000 | HKD | 257.300,59 | 457.978,87 | 0,08% |
| SHANGHAI FOSUN PHARMACEUTICAL | 45.000 | HKD | 188.874,61 | 175.735,86 | 0,03% |
| SHANGHAI PHARMACEUTICAL HLDG CO -H- | 102.700 | HKD | 176.168,12 | 147.870,25 | 0,03% |
| SHENZHEN INTERNATIONAL HLDG LTD | 140.337 | HKD | 260.390,02 | 185.197,95 | 0,03% |
| SHENZHOU INTERNATIONAL GROUP LTD | 70.800 | HKD | 329.947,91 | 1.134.322,38 | 0,21% |
| SHIMAO GROUP HLDG LTD | 116.500 | HKD | 200.362,58 | 303.307,07 | 0,06% |
| SINO BIOPHARM LTD | 831.500 | HKD | 137.259,72 | 657.329,57 | 0,12% |
| SINOPHARMACEUTICAL GROUP CO LTD -H- | 91.000 | HKD | 197.083,09 | 180.901,74 | 0,03% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| SMOORE INTERNATIONAL HLDG | 40.000 | HKD | 215.960,56 | 252.338,67 | 0,05% |
| --- | --- | --- | --- | --- | --- |
| SSY GROUP LTD | 210.000 | HKD | 193.347,67 | 97.393,87 | 0,02% |
| SUNAC CHINA HLDG LTD | 223.000 | HKD | 513.203,74 | 673.424,86 | 0,12% |
| SUNAC SERVICES HLDG LTD | 7.400 | HKD | 0,00 | 13.384,70 | 0,00% |
| SUN ART RETAIL GROUP LTD | 220.000 | HKD | 218.870,42 | 182.729,45 | 0,03% |
| SUNNY OPTICAL TECHNOLOGY CO LTD | 59.000 | HKD | 386.044,89 | 1.055.342,70 | 0,20% |
| TENCENT HOLDINGS LTD | 480.000 | HKD | 8.201.771,16 | 28.535.139,27 | 5,29% |
| THE PEOPLE'INSURANCE CO | 700.000 | HKD | 248.188,40 | 181.506,76 | 0,03% |
| THE WHARF HLDG LTD | 150.000 | HKD | 286.893,54 | 329.652,96 | 0,06% |
| TINGYI (CAYMAN ISLANDS) HLDG CORP. | 198.000 | HKD | 389.916,00 | 276.320,32 | 0,05% |
| TOPSPORTS INTERNATIONAL HLDG | 100.000 | HKD | 113.755,99 | 122.269,36 | 0,02% |
| TRAVELSKY TECHNOLOGY LTD | 70.000 | HKD | 136.806,56 | 137.974,65 | 0,03% |
| TSINGTAO BREWERY CO LTD -H- | 40.000 | HKD | 223.809,24 | 342.354,21 | 0,06% |
| UNI-PRESIDENT CHINA HLDG LTD | 100.000 | HKD | 101.461,33 | 83.164,25 | 0,02% |
| VINDA INTERNATIONAL HLDG LTD | 30.000 | HKD | 82.426,72 | 66.879,23 | 0,01% |
| WANT WANT CHINA HLDG LTD | 379.000 | HKD | 371.537,64 | 224.110,25 | 0,04% |
| WEICHAI POWER CO LTD | 166.000 | HKD | 146.873,39 | 272.255,92 | 0,05% |
| WUXI APPTEC CO LTD -H- | 28.000 | HKD | 252.270,99 | 448.011,81 | 0,08% |
| WUXI BIOLOGICS CAYMAN INC. | 262.000 | HKD | 1.105.584,77 | 2.838.925,93 | 0,53% |
| XIAOMI CORP-B | 1.150.000 | HKD | 1.701.055,25 | 4.024.348,47 | 0,75% |
| XINYI SOLAR HLDG LTD | 333.357 | HKD | 101.624,68 | 711.531,71 | 0,13% |
| YANZHOU COAL MINING CO LTD -H- | 128.000 | HKD | 88.776,15 | 83.649,11 | 0,02% |
| YIHAI INTERNATIONAL HLDG LTD | 45.000 | HKD | 98.846,01 | 545.468,92 | 0,10% |
| YUEXIU PROPERTY CO LTD | 500.000 | HKD | 97.118,28 | 82.215,61 | 0,02% |
| ZHAOJIN MINING INDUSTRY CO LTD | 130.000 | HKD | 85.367,13 | 126.475,01 | 0,02% |
| ZHONGAN ONLINE P&C INSURANCE CO | 30.000 | HKD | 172.682,56 | 114.469,42 | 0,02% |
| ZHONGSHENG | 60.000 | HKD | 165.594,90 | 349.416,32 | 0,06% |
| ZHUZHOU CRRC TIMES ELECTRIC CO LTD | 50.000 | HKD | 156.356,01 | 178.133,81 | 0,03% |
| ZIJIN MINING GROUP -H- | 478.000 | HKD | 83.700,11 | 442.366,33 | 0,08% |
| ZTE CORP. -H- | 82.400 | HKD | 226.308,43 | 169.364,15 | 0,03% |
| Total DOLLAR DE HONG-KONG |  |  | 80.234.961,31 | 117.354.854,21 | 21,75% |
| GEDEON RICHTER | 13.000 | HUF | 203.579,82 | 266.677,70 | 0,05% |
| MOL HUNGARIAN OIL & GAS PLC | 40.008 | HUF | 259.460,42 | 241.580,21 | 0,04% |
| OTP BANK PLC | 18.000 | HUF | 325.362,90 | 663.054,72 | 0,12% |
| Total FORINT HONGROIS |  |  | 788.403,14 | 1.171.312,63 | 0,22% |
| ASTRA INTERNATIONAL TBK | 1.589.600 | IDR | 680.423,97 | 557.117,53 | 0,10% |
| BANK CENTRAL ASIA TBK | 826.000 | IDR | 661.785,48 | 1.626.449,70 | 0,30% |
| BANK MANDIRI PT TBK | 1.536.000 | IDR | 459.938,54 | 565.136,90 | 0,10% |
| BANK RAKYAT INDONESIA -B- | 4.600.000 | IDR | 618.790,00 | 1.115.824,27 | 0,21% |
| BARITO PACIFIC TBK | 2.000.000 | IDR | 124.736,87 | 127.974,84 | 0,02% |
| CHAROEN POKPHAND INDONESIA TBK | 700.000 | IDR | 204.331,50 | 265.693,22 | 0,05% |
| INDAH KIAT PULP & PAPER CORP. | 350.000 | IDR | 397.925,04 | 212.249,18 | 0,04% |
| INDOCEMENT TUNGGAL PRAKARSA | 241.500 | IDR | 323.072,93 | 203.346,93 | 0,04% |
| INDOFOOD SUKSES MAKMUR | 500.000 | IDR | 213.797,12 | 199.233,56 | 0,04% |
| INDOFOOD SUKSES MAKMUR TBK | 237.100 | IDR | 85.477,73 | 132.060,29 | 0,02% |
| KALBE FARMA TBK | 2.228.300 | IDR | 204.903,04 | 191.839,17 | 0,04% |
| PT BANK NEGARA INDONESIA | 600.000 | IDR | 191.205,55 | 215.521,27 | 0,04% |
| PT PERUSAHAAN GAS NEGARA TBK | 1.000.000 | IDR | 352.290,59 | 96.271,98 | 0,02% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| PT SEMEN GRESIK TBK | 276.600 | IDR | 266.968,01 | 199.917,35 | 0,04% |
| --- | --- | --- | --- | --- | --- |
| PT UNILEVER INDONESIA TBK | 700.000 | IDR | 277.389,18 | 299.286,62 | 0,06% |
| PT UNITED TRACTORS TBK | 157.000 | IDR | 214.525,25 | 242.931,15 | 0,05% |
| TELKOM INDONESIA PERSERO TBK | 4.500.000 | IDR | 678.807,16 | 866.447,84 | 0,16% |
| Total ROUPIE INDOÉSIENNE |  |  | 5.956.367,96 | 7.117.301,80 | 1,32% |
| ADANI GREEN ENERGY LTD | 38.000 | INR | 480.246,80 | 447.405,11 | 0,08% |
| ADANI PORTS AND SPECIAL ECON | 60.000 | INR | 323.398,89 | 324.658,07 | 0,06% |
| AMBUJA CEMENTS LTD | 70.100 | INR | 199.414,66 | 195.123,53 | 0,04% |
| APOLLO HOSPITALS ENTERPRISE | 10.000 | INR | 278.150,53 | 269.882,86 | 0,05% |
| ASIAN PAINTS LTD | 31.400 | INR | 609.027,60 | 970.957,50 | 0,18% |
| AUROBINDO PHARMACEUTICAL LTD | 21.000 | INR | 168.288,48 | 216.408,52 | 0,04% |
| AVENUE SUPERMARTS | 15.000 | INR | 277.556,90 | 463.682,20 | 0,09% |
| AXIS BANK LTD | 190.000 | INR | 1.821.301,08 | 1.318.603,94 | 0,24% |
| BAJAJ AUTO LTD | 5.900 | INR | 226.278,36 | 227.495,32 | 0,04% |
| BAJAJ FINANCE | 22.800 | INR | 1.087.803,71 | 1.350.427,26 | 0,25% |
| BAJAJ FINSERV LTD | 3.300 | INR | 343.905,58 | 328.751,45 | 0,06% |
| BALKRISHNA INDUSTRIES LTD | 10.000 | INR | 187.295,94 | 184.146,28 | 0,03% |
| BANDHAN BANK LTD | 55.000 | INR | 268.776,11 | 247.464,40 | 0,05% |
| BERGER PAINTS INDIA LTD | 20.000 | INR | 132.404,02 | 169.896,00 | 0,03% |
| BHARAT PETROLEUM CORP. LTD | 60.000 | INR | 305.689,14 | 255.766,81 | 0,05% |
| BHARTI AIRTEL LTD | 97.000 | INR | 459.299,49 | 553.019,38 | 0,10% |
| BIOCON LTD | 24.000 | INR | 101.648,28 | 124.937,15 | 0,02% |
| BRITANNIA INDUSTRIES LTD | 9.800 | INR | 375.888,46 | 392.030,69 | 0,07% |
| CIPLA LTD | 33.000 | INR | 251.874,88 | 302.660,18 | 0,06% |
| COAL INDIA LTD | 100.000 | INR | 343.835,45 | 151.507,10 | 0,03% |
| COLGATE-PALMOLIVE (INDIA) LTD | 9.000 | INR | 154.908,42 | 157.572,42 | 0,03% |
| CONTAINER CORP. OF INDIA LTD | 24.400 | INR | 164.017,70 | 108.979,07 | 0,02% |
| DABUR INDIA -DIS- | 50.000 | INR | 258.474,75 | 298.651,87 | 0,06% |
| DIVI S LABORATORIES LTD | 11.000 | INR | 336.264,45 | 472.707,75 | 0,09% |
| DLF LTD | 60.000 | INR | 170.618,96 | 156.272,11 | 0,03% |
| DR REDDY'S LABORATORIES LTD | 9.500 | INR | 323.887,56 | 553.103,83 | 0,10% |
| EICHER MOTORS LTD | 14.000 | INR | 360.518,80 | 396.330,05 | 0,07% |
| GAIL (INDIA) LTD -DIS- | 100.000 | INR | 202.937,15 | 137.860,84 | 0,03% |
| GODREJ CONSUMER PRODUCTS LTD | 42.100 | INR | 371.926,57 | 348.542,56 | 0,06% |
| GRASIM INDUSTRIES LTD | 24.900 | INR | 277.642,59 | 258.422,96 | 0,05% |
| HAVELLS INDIA LTD | 27.000 | INR | 269.870,79 | 276.684,18 | 0,05% |
| HCL TECHNOLOGIES LTD DEMATERIAL | 93.000 | INR | 642.845,27 | 984.230,73 | 0,18% |
| HDFC ASSET MANAGEMENT CO LTD -R- | 7.000 | INR | 256.481,50 | 228.474,27 | 0,04% |
| HDFC LIFE INSURANCE CO LTD | 57.000 | INR | 407.063,39 | 431.317,06 | 0,08% |
| HERO MOTOCORP LTD | 10.000 | INR | 350.750,60 | 347.867,91 | 0,06% |
| HINDALCO INDUSTRIES LTD -DEMAT- | 140.000 | INR | 354.414,57 | 376.692,85 | 0,07% |
| HINDUSTAN PETROLEUM CORP. LTD | 71.700 | INR | 283.223,45 | 174.755,30 | 0,03% |
| HINDUSTAN UNILEVER LTD | 70.000 | INR | 1.668.284,50 | 1.875.556,13 | 0,35% |
| HOUSING DEVELOPMENT FINANCE CORP. | 144.400 | INR | 3.931.637,11 | 4.132.682,64 | 0,77% |
| ICICI BANK LTD | 430.000 | INR | 2.435.235,73 | 2.573.456,34 | 0,48% |
| ICICI LOMBARD GENERAL INSURANCE COM | 16.000 | INR | 240.579,55 | 272.182,59 | 0,05% |
| ICICI PRUDENTIAL LIFE INSURANCE COM | 30.000 | INR | 188.611,25 | 167.396,05 | 0,03% |
| INDIAN OIL CORP. LTD | 110.000 | INR | 169.157,28 | 111.904,97 | 0,02% |
| INDRAPRASTHA GAS LTD | 30.000 | INR | 162.774,16 | 168.570,53 | 0,03% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| INFO EDGE INDIA | 5.500 | INR | 180.525,39 | 292.706,24 | 0,05% |
| --- | --- | --- | --- | --- | --- |
| INFOSYS TECHNOLOGIES | 289.000 | INR | 2.739.036,61 | 4.059.497,72 | 0,75% |
| INTERGLOBE AVIATION LTD | 10.900 | INR | 233.572,15 | 210.107,41 | 0,04% |
| IPCA LABORATORIES LTD | 8.000 | INR | 205.464,84 | 195.861,94 | 0,04% |
| JSW STEEL LTD | 69.500 | INR | 237.896,00 | 301.005,29 | 0,06% |
| JUBILANT FOODWORKS | 6.000 | INR | 161.435,39 | 187.321,84 | 0,03% |
| KOTAK MAHINDRA BANK LTD | 50.000 | INR | 1.058.765,97 | 1.116.085,54 | 0,21% |
| LARSEN & TOUBRO INFOTECH LTD | 4.000 | INR | 151.521,90 | 163.732,81 | 0,03% |
| LUPIN LTD | 16.100 | INR | 156.789,75 | 175.916,97 | 0,03% |
| MAHINDRA-MAHINDRA LTD | 64.800 | INR | 544.995,10 | 522.303,87 | 0,10% |
| MARICO LTD DEMATERIALSED | 53.200 | INR | 255.513,93 | 239.603,59 | 0,04% |
| MARUTI SUZUKI INDIA LTD | 11.600 | INR | 1.011.610,29 | 992.546,12 | 0,18% |
| MOTHERSON SUMI SYSTEMS LTD | 120.000 | INR | 180.624,94 | 221.740,63 | 0,04% |
| MRF LTD | 150 | INR | 134.649,79 | 127.095,58 | 0,02% |
| NESTLE INDIA LTD | 3.200 | INR | 524.630,08 | 658.251,10 | 0,12% |
| NTPC DS LTD | 399.400 | INR | 612.304,30 | 443.843,55 | 0,08% |
| OIL & NATURAL GAS CORP. LTD | 210.000 | INR | 459.512,68 | 218.569,55 | 0,04% |
| PAGE INDUSTRIES LTD | 600 | INR | 153.503,60 | 185.300,06 | 0,03% |
| PETRONET LNG LTD | 70.600 | INR | 214.502,32 | 195.528,16 | 0,04% |
| PIDILITE INDUSTRIES | 14.300 | INR | 232.959,23 | 282.419,47 | 0,05% |
| PI INDUSTRIES LTD | 6.000 | INR | 157.445,77 | 147.315,91 | 0,03% |
| PIRAMAL ENTERPRISES LTD | 10.985 | INR | 278.473,59 | 175.541,53 | 0,03% |
| POWER GRID CORP. OF INDIA LTD | 170.000 | INR | 420.515,32 | 361.005,24 | 0,07% |
| RELIANCE INDUSTRIES | 240.000 | INR | 4.161.912,81 | 5.329.560,10 | 0,99% |
| RURAL ELECTRIFICATION CORP. LTD | 50.000 | INR | 85.511,71 | 74.886,68 | 0,01% |
| SBI LIFE INSURANCE CO LTD | 40.000 | INR | 458.877,47 | 404.578,21 | 0,07% |
| SHREE CEMENT LTD -DIS- | 1.000 | INR | 264.369,55 | 268.598,77 | 0,05% |
| SHRIRAM TRANSPORT FINANCE CO LTD | 15.000 | INR | 173.441,14 | 175.583,81 | 0,03% |
| SIEMENS LTD -DIS- | 10.000 | INR | 172.354,32 | 176.232,57 | 0,03% |
| STATE BANK OF INDIA | 165.000 | INR | 728.091,75 | 507.448,12 | 0,09% |
| SUN PHARMACEUTICAL INDUSTRIES LTD | 73.800 | INR | 413.135,11 | 488.977,34 | 0,09% |
| TATA CONSULTANCY SERVICES LTD | 80.000 | INR | 2.227.885,17 | 2.561.694,82 | 0,47% |
| TATA CONSUMER PRODUCTS | 50.000 | INR | 223.214,68 | 329.915,24 | 0,06% |
| TATA MOTORS LTD | 116.800 | INR | 254.312,05 | 240.193,06 | 0,04% |
| TATA STEEL LTD -DIS- | 59.100 | INR | 374.548,82 | 425.491,84 | 0,08% |
| TECH MAHINDRA LTD | 55.500 | INR | 534.994,75 | 604.155,96 | 0,11% |
| TITAN CO LTD | 30.000 | INR | 484.828,14 | 525.878,97 | 0,10% |
| TORRENT PHARMACEUTICALS LTD | 4.000 | INR | 112.962,95 | 125.397,99 | 0,02% |
| TRENT | 18.000 | INR | 138.028,59 | 138.440,24 | 0,03% |
| ULTRA TECH CEMENT LTD | 9.100 | INR | 530.923,34 | 538.268,71 | 0,10% |
| UNITED SPIRITS LTD | 50.000 | INR | 340.682,62 | 323.399,71 | 0,06% |
| UPL LTD | 47.000 | INR | 408.724,26 | 245.168,02 | 0,05% |
| VEDANTA LTD | 198.700 | INR | 358.585,11 | 358.719,82 | 0,07% |
| WIPRO LTD -DIS- | 85.000 | INR | 313.677,35 | 367.232,74 | 0,07% |
| ZEE ENTERTAINMENT ENTERPRISES LTD | 110.000 | INR | 424.668,83 | 274.994,62 | 0,05% |
| Total ROUPIE INDIENNE |  |  | 45.716.189,92 | 49.463.156,22 | 9,17% |
| ALTEOGEN INC. | 1.400 | KRW | 207.635,67 | 189.279,94 | 0,04% |
| AMOREPACIFIC CORP. | 2.776 | KRW | 314.054,98 | 430.244,34 | 0,08% |
| AMOREPACIFIC GROUP | 3.698 | KRW | 215.813,27 | 152.745,26 | 0,03% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BGF RETAIL CO LTD | 1.046 | KRW | 257.137,75 | 106.634,92 | 0,02% |
| --- | --- | --- | --- | --- | --- |
| CELLTRION HEALTHCARE CO LTD. | 5.358 | KRW | 313.915,86 | 657.080,84 | 0,12% |
| CELLTRION INC. | 8.024 | KRW | 520.299,13 | 2.167.274,18 | 0,40% |
| CELLTRION PHARMACEUTICAL INC. | 1.600 | KRW | 107.069,16 | 287.222,80 | 0,05% |
| CJ CHEILJEDANG CORP. | 1.200 | KRW | 254.336,85 | 343.981,20 | 0,06% |
| CJ CORP. | 2.136 | KRW | 172.554,34 | 148.009,42 | 0,03% |
| CJ ENM CO LTD | 1.067 | KRW | 190.991,67 | 111.986,87 | 0,02% |
| CJ LOGISTICS | 1.000 | KRW | 174.166,28 | 124.516,38 | 0,02% |
| COWAY CO LTD | 4.604 | KRW | 260.155,20 | 251.824,64 | 0,05% |
| DAELIM INDUSTRIAL CO LTD | 2.900 | KRW | 175.738,48 | 181.094,22 | 0,03% |
| DAEWOO SHIPBUILDING & MARINE ENG | 6.000 | KRW | 161.722,83 | 123.688,78 | 0,02% |
| DAUM KAKAO CORP. | 4.800 | KRW | 502.593,90 | 1.406.621,29 | 0,26% |
| DEUTSCHE BANK INSURANCE CO LTD | 4.000 | KRW | 139.652,43 | 131.663,85 | 0,02% |
| DOOSAN HEAVY INDUSTRIES & CONSTRU | 15.000 | KRW | 190.580,90 | 152.353,88 | 0,03% |
| DOUZONE BIZON CO LTD | 1.500 | KRW | 131.355,30 | 117.368,91 | 0,02% |
| E-MART CO LTD | 2.158 | KRW | 357.211,36 | 245.975,90 | 0,05% |
| FILA HLDG | 3.500 | KRW | 132.900,93 | 115.074,20 | 0,02% |
| GS ENGINEERING & CONSTRUCTION CORP. | 4.500 | KRW | 124.643,48 | 127.977,26 | 0,02% |
| GS HLDG CORP. | 3.685 | KRW | 142.393,46 | 104.106,04 | 0,02% |
| HANA FINANCIAL GROUP INC. | 24.500 | KRW | 648.599,23 | 635.936,38 | 0,12% |
| HANKOOK TIRE & TECHNOLOGY CO LTD | 8.390 | KRW | 339.023,08 | 248.706,23 | 0,05% |
| HANMI PHARMACEUTICAL CO LTD | 625 | KRW | 175.952,53 | 172.338,57 | 0,03% |
| HANON SYSTEMS | 14.715 | KRW | 105.057,21 | 179.904,54 | 0,03% |
| HANWHA SOLUTIONS CORP. | 8.000 | KRW | 118.089,46 | 288.306,20 | 0,05% |
| HLB CO LTD | 4.000 | KRW | 358.209,99 | 278.374,99 | 0,05% |
| HOTEL SHILLA CO LTD | 1.700 | KRW | 114.129,48 | 105.263,36 | 0,02% |
| HYUNDAI ENGINEERING & CONSTRUCTION | 7.645 | KRW | 345.831,79 | 215.406,00 | 0,04% |
| HYUNDAI FIRE & MARINE INSURANCE CO | 5.191 | KRW | 110.258,43 | 88.850,71 | 0,02% |
| HYUNDAI GLOVIS CO LTD | 1.800 | KRW | 280.312,92 | 249.183,23 | 0,05% |
| HYUNDAI HEAVY INDUSTRIES HLDS | 828 | KRW | 188.055,21 | 176.608,62 | 0,03% |
| HYUNDAI MOBIS | 5.367 | KRW | 1.086.041,19 | 1.031.694,20 | 0,19% |
| HYUNDAI MOTOR CO LTD | 12.600 | KRW | 1.987.833,31 | 1.820.121,00 | 0,34% |
| HYUNDAI MOTOR CO LTD -ISSUED 1999- | 3.000 | KRW | 256.401,31 | 202.235,67 | 0,04% |
| HYUNDAI MOTOR CO LTD PFDNON-VO | 1.613 | KRW | 128.940,46 | 107.400,46 | 0,02% |
| HYUNDAI STEEL CO | 8.633 | KRW | 443.575,22 | 257.208,56 | 0,05% |
| INDUSTRIAL BANK OF KOREA | 27.133 | KRW | 280.407,85 | 180.459,01 | 0,03% |
| KANGWON LAND INC. | 12.000 | KRW | 268.357,53 | 212.166,88 | 0,04% |
| KB FINANCIAL GROUP INC. | 32.523 | KRW | 984.742,64 | 1.061.961,61 | 0,20% |
| KIA MOTORS CORP. | 22.000 | KRW | 938.428,43 | 1.032.846,44 | 0,19% |
| KOREA AEROSPACE INDUSTRIES LTD | 8.000 | KRW | 243.759,44 | 155.288,10 | 0,03% |
| KOREA ELECTRIC POWER CORP. | 20.000 | KRW | 526.790,61 | 412.295,93 | 0,08% |
| KOREA INVESTMENT HLDG CO LTD | 3.000 | KRW | 137.382,38 | 178.310,47 | 0,03% |
| KOREA SHIPBUILD N OFF ENGINEER CO L | 3.000 | KRW | 430.714,78 | 244.894,75 | 0,05% |
| KOREA ZINC CO LTD | 700 | KRW | 188.457,43 | 211.452,14 | 0,04% |
| KUMHO PETRO CHEMICAL CO LTD | 2.237 | KRW | 190.048,92 | 244.040,82 | 0,05% |
| LG CHEM LTD | 3.900 | KRW | 908.385,29 | 2.417.799,63 | 0,45% |
| LG CHEM LTD ISSUE 01 | 600 | KRW | 88.225,29 | 172.216,31 | 0,03% |
| LG CORP. | 8.500 | KRW | 422.573,14 | 559.571,34 | 0,10% |
| LG DISPLAY CO LTD | 25.091 | KRW | 515.239,85 | 350.179,22 | 0,06% |
| LG ELECTRONICS INC. | 9.014 | KRW | 470.575,53 | 915.545,24 | 0,17% |
| LG HOUSEHOLD & HEALTHCARE LTD | 800 | KRW | 353.214,17 | 975.064,82 | 0,18% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| LG HOUSEHOLD & HEALTHCARE LTD | 200 | KRW | 122.729,75 | 108.039,59 | 0,02% |
| --- | --- | --- | --- | --- | --- |
| LG INNOTEK CO LTD | 1.420 | KRW | 150.279,79 | 194.975,35 | 0,04% |
| LG UPLUS CORP. | 24.000 | KRW | 248.026,89 | 212.166,88 | 0,04% |
| LOTTE CHEMICAL CORP. | 1.417 | KRW | 189.572,47 | 294.243,87 | 0,05% |
| LOTTE CORP. | 4.016 | KRW | 216.023,42 | 106.658,85 | 0,02% |
| LOTTE SHOPPING CO LTD | 1.394 | KRW | 364.725,10 | 107.501,65 | 0,02% |
| MIRAE ASSET DAEWOO | 33.583 | KRW | 265.318,08 | 238.517,35 | 0,04% |
| NAVER CORP. | 10.500 | KRW | 1.077.138,00 | 2.310.700,49 | 0,43% |
| NCSOFT CORP. | 1.389 | KRW | 219.185,07 | 972.927,36 | 0,18% |
| NETMARBLE CORP. | 2.000 | KRW | 247.251,78 | 197.871,95 | 0,04% |
| NH INVESTMENT SECURITIES CO LTD | 15.560 | KRW | 156.421,93 | 132.286,80 | 0,02% |
| ORION CORP. | 4.000 | KRW | 336.746,02 | 373.172,96 | 0,07% |
| OTTOGI CORP. | 250 | KRW | 104.430,42 | 108.528,63 | 0,02% |
| PEARL ABYSS CORP. | 800 | KRW | 158.136,82 | 156.672,45 | 0,03% |
| POSCO | 6.222 | KRW | 1.340.063,76 | 1.273.290,21 | 0,24% |
| S1 CORP. | 1.400 | KRW | 100.989,07 | 89.531,42 | 0,02% |
| SAMSUNG BIOLOGICS CO. LTD. -REG- | 1.400 | KRW | 212.974,27 | 870.034,69 | 0,16% |
| SAMSUNG -C- NT CORP. | 7.697 | KRW | 969.549,33 | 799.151,39 | 0,15% |
| SAMSUNG ELECTRO-MECHANICS CO LTD | 4.690 | KRW | 258.234,24 | 628.089,21 | 0,12% |
| SAMSUNG ELECTRONICS CO LTD | 400.000 | KRW | 9.053.752,70 | 24.376.620,59 | 4,52% |
| SAMSUNG ELECTRONICS CO LTD PFD | 69.600 | KRW | 1.152.338,99 | 3.854.034,00 | 0,71% |
| SAMSUNG ENGINEERING CO LTD | 15.000 | KRW | 188.056,67 | 149.532,51 | 0,03% |
| SAMSUNG FIRE & MARINE INSURANCE CO LTD | 3.020 | KRW | 532.641,90 | 426.026,59 | 0,08% |
| SAMSUNG HEAVY INDUSTRIES CO LTD | 40.646 | KRW | 542.904,10 | 215.287,57 | 0,04% |
| SAMSUNG LIFE INSURANCE CO LTD | 6.185 | KRW | 465.710,20 | 368.082,08 | 0,07% |
| SAMSUNG SDI CO LTD | 4.700 | KRW | 563.447,48 | 2.220.680,04 | 0,41% |
| SAMSUNG SDS CO LTD | 2.700 | KRW | 659.128,47 | 362.602,23 | 0,07% |
| SAMSUNG SECURITIES CO LTD | 4.442 | KRW | 140.008,14 | 135.184,09 | 0,03% |
| SEEGENE INC. | 1.150 | KRW | 222.327,44 | 166.987,37 | 0,03% |
| SHINHAN FINANCIAL GROUP CO LTD | 35.748 | KRW | 1.176.593,20 | 862.001,99 | 0,16% |
| SHINPOONG PHARMACEUTICAL CO LTD | 2.700 | KRW | 278.416,41 | 251.891,75 | 0,05% |
| SHINSEGAE CO LTD | 526 | KRW | 77.442,89 | 94.780,66 | 0,02% |
| SK BIOPHARMACEUTICALS CO. | 1.200 | KRW | 170.669,46 | 152.579,59 | 0,03% |
| SK CHEMICALS CO.,LTD. | 600 | KRW | 193.880,50 | 177.181,92 | 0,03% |
| SK ENERGY CO LTD | 5.000 | KRW | 495.033,78 | 714.746,59 | 0,13% |
| SK HLDG CO LTD | 3.347 | KRW | 494.123,39 | 605.618,71 | 0,11% |
| SK HYNIX INC. | 46.300 | KRW | 1.512.709,45 | 4.127.887,28 | 0,77% |
| SK TELECOM CO LTD | 3.058 | KRW | 503.833,84 | 547.574,14 | 0,10% |
| S-OIL CORP. | 2.843 | KRW | 126.383,27 | 148.016,95 | 0,03% |
| WOORI FINANCIAL GROUP INC. | 48.563 | KRW | 517.343,84 | 355.505,92 | 0,07% |
| YUHAN CORP. | 4.170 | KRW | 89.453,60 | 235.615,84 | 0,04% |
| Total WON SUD CORÉEN |  |  | 44.574.533,26 | 72.781.156,06 | 13,49% |
| AGILITY PUBLIC WAREHOUSING CO | 80.000 | KWD | 140.912,21 | 145.298,23 | 0,03% |
| BOUBYAN BANK | 100.000 | KWD | 155.618,82 | 152.606,13 | 0,03% |
| KUWAIT FINANCE HOUSE (K.S.C.) | 400.000 | KWD | 745.103,41 | 727.565,82 | 0,13% |
| MOBILE TELECOMMUNICATIONS CO K | 180.000 | KWD | 286.481,30 | 293.068,24 | 0,05% |
| NATIONAL BANK OF KUWAIT (S.A.K.) | 540.000 | KWD | 1.240.415,36 | 1.218.699,62 | 0,23% |
| Total DINAR KOWEITIEN |  |  | 2.568.531,10 | 2.537.238,04 | 0,47% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ALFA S.A.B. DE CV -A- | 360.000 | MXN | 757.754,89 | 212.339,29 | 0,04% |
| --- | --- | --- | --- | --- | --- |
| AMERICA MOVIL S.A.B. DE CV -L- | 2.910.000 | MXN | 2.111.507,93 | 1.729.538,94 | 0,32% |
| ARCA CONTINENTAL A.G.S.A.B. DE CV | 57.300 | MXN | 289.767,47 | 224.876,86 | 0,04% |
| CEMEX SAB DE CV - CPO | 1.165.447 | MXN | 858.638,24 | 490.943,98 | 0,09% |
| COCA-COLA FEMSA S.A.B. DE CV | 66.800 | MXN | 544.348,73 | 250.734,44 | 0,05% |
| FIBRA UNO ADMINISTRACION SAB | 275.000 | MXN | 664.989,45 | 253.795,66 | 0,05% |
| FOMENTO ECONOMICO MEXICANO | 170.000 | MXN | 1.304.216,90 | 1.048.316,54 | 0,19% |
| GRUMA S.A.B. DE CV -B- | 20.000 | MXN | 172.340,36 | 194.365,43 | 0,04% |
| GRUPO AEROPORTUARIO DEL PACIFICO S.A.B. DE CV | 38.500 | MXN | 178.030,27 | 350.797,48 | 0,07% |
| GRUPO AEROPORTUARIO DEL SURESTE S.A.B. DE CV | 22.810 | MXN | 226.604,84 | 308.021,10 | 0,06% |
| GRUPO BIMBO S.A.B. DE CV | 136.700 | MXN | 312.560,71 | 242.450,55 | 0,04% |
| GRUPO FINANCIERO BANORTE S.A.B. DE CV | 208.700 | MXN | 1.043.506,05 | 941.039,05 | 0,17% |
| GRUPO FINANCIERO INBURSA S.A.B. DE CV | 300.200 | MXN | 533.567,53 | 247.007,75 | 0,05% |
| GRUPO MEXICO S.A.B. DE CV | 260.000 | MXN | 657.038,88 | 897.101,50 | 0,17% |
| GRUPO TELEVISA S.A.B. DE CV | 200.000 | MXN | 923.268,34 | 268.582,46 | 0,05% |
| INDUSTRIAS PENOLES S.A.B. DE CV | 11.690 | MXN | 250.701,93 | 161.484,10 | 0,03% |
| INFRAESTRUCTURA ENERGETICA NOVA SAB | 55.000 | MXN | 218.964,07 | 174.994,92 | 0,03% |
| KIMBERLY-CLARK DE MEXICO S.A.B. DE CV | 80.000 | MXN | 181.446,80 | 111.534,73 | 0,02% |
| MEGACABLE HLDG DAB DE CV | 34.000 | MXN | 141.962,83 | 101.359,11 | 0,02% |
| ORBIA ADVANCE CORP. | 80.027 | MXN | 215.054,40 | 153.457,15 | 0,03% |
| PROMOTORA Y OPERADORA INFRAESTRUCTURA S.A.B. DE CV | 17.000 | MXN | 153.213,54 | 122.466,30 | 0,02% |
| WAL-MART DE MEXICO SAB DE CV | 442.000 | MXN | 903.641,75 | 1.014.902,06 | 0,19% |
| Total NOUVEAU PESO MEXICAIN |  |  | 12.643.125,91 | 9.500.109,40 | 1,76% |
| AMMB HLDG BERHAD | 144.300 | MYR | 180.999,40 | 107.013,77 | 0,02% |
| AXIATA GROUP | 260.017 | MYR | 417.233,40 | 197.584,92 | 0,04% |
| CIMB GROUP HLDG BERHAD | 520.032 | MYR | 727.568,83 | 454.337,91 | 0,08% |
| DIALOG GROUP BERHAD | 350.080 | MYR | 131.270,97 | 245.395,64 | 0,05% |
| DIGI.COM BERHAD | 300.000 | MYR | 356.224,66 | 252.349,27 | 0,05% |
| FRASER & NEAVE HLDG BERHAD | 20.000 | MYR | 155.318,25 | 130.360,14 | 0,02% |
| GAMUDA BERHAD | 211.975 | MYR | 240.335,75 | 167.538,53 | 0,03% |
| GENTING BERHAD | 209.400 | MYR | 487.727,50 | 189.754,46 | 0,04% |
| GENTING MALAYSIA BERHAD | 200.000 | MYR | 195.088,67 | 109.310,71 | 0,02% |
| HAP SENG CONSOLIDATED | 70.000 | MYR | 142.900,78 | 122.314,22 | 0,02% |
| HARTALEGA HLDG BERHAD | 160.000 | MYR | 171.690,60 | 394.656,37 | 0,07% |
| HONG LEONG BANK BERHAD | 57.700 | MYR | 187.832,99 | 213.367,20 | 0,04% |
| HONG LEONG FINANCIAL GROUP BERHAD | 30.000 | MYR | 119.874,82 | 110.082,80 | 0,02% |
| IHH HEALTHCARE BERHAD | 200.000 | MYR | 199.259,14 | 223.497,74 | 0,04% |
| IOI CORP. BERHAD | 150.000 | MYR | 161.557,76 | 133.184,33 | 0,02% |
| KUALA LUMPUR KEPONG BERHAD | 32.474 | MYR | 171.937,29 | 156.242,05 | 0,03% |
| MALAYAN BANKING BERHAD MAYBANK | 315.319 | MYR | 696.163,29 | 542.002,08 | 0,10% |
| MALAYSIA AIRPORTS HLDG BERHAD | 82.800 | MYR | 142.848,12 | 99.593,84 | 0,02% |
| MAXIS BERHAD | 196.700 | MYR | 314.311,25 | 201.825,57 | 0,04% |
| MISC BERHAD | 130.200 | MYR | 195.250,02 | 181.739,02 | 0,03% |
| NESTLE (MALAYSIA) BERHAD | 7.500 | MYR | 212.278,03 | 211.662,52 | 0,04% |
| PETRONAS CHEMICALS GROUP BERHAD | 200.000 | MYR | 307.165,12 | 301.925,13 | 0,06% |
| PETRONAS DAGANGAN BERHAD PDB | 29.000 | MYR | 175.217,26 | 126.093,36 | 0,02% |
| PETRONAS GAS BERHAD | 57.600 | MYR | 261.392,17 | 201.060,19 | 0,04% |
| PPB GROUP BERHAD | 55.000 | MYR | 179.446,58 | 206.958,91 | 0,04% |
| PRESS METAL ALUMINIUM HLDG BERHAD | 110.000 | MYR | 116.101,01 | 187.514,60 | 0,03% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| PUBLIC BANK BERHAD | 245.080 | MYR | 1.053.886,86 | 1.025.783,11 | 0,19% |
| --- | --- | --- | --- | --- | --- |
| QL RESOURCES BERHAD | 100.000 | MYR | 133.196,59 | 117.844,26 | 0,02% |
| RHB BANK BERHAD | 160.000 | MYR | 177.271,65 | 177.172,75 | 0,03% |
| SIME DARBY BERHAD (MALAYSIA) | 350.000 | MYR | 267.326,67 | 164.270,84 | 0,03% |
| SIME DARBY PLANTATION | 200.000 | MYR | 226.990,03 | 202.773,40 | 0,04% |
| SUPERMAX CORP. BERHAD | 120.000 | MYR | 263.283,61 | 146.533,25 | 0,03% |
| TELEKOM MALAYSIA BERHAD | 89.500 | MYR | 114.920,03 | 98.378,63 | 0,02% |
| TENAGA NASIONAL BERHAD | 188.000 | MYR | 433.015,15 | 398.021,03 | 0,07% |
| TOP GLOVE CORP. BERHAD | 455.000 | MYR | 278.121,47 | 565.774,37 | 0,10% |
| Total RINGGIT DE MALAISIE |  |  | 9.595.005,72 | 8.363.916,92 | 1,55% |
| ABOITIZ EQUITY VENTURES INC. | 210.470 | PHP | 182.257,95 | 169.245,26 | 0,03% |
| ABOITIZ POWER CORP. | 139.300 | PHP | 79.815,69 | 62.941,94 | 0,01% |
| AYALA CORP. | 20.380 | PHP | 292.819,93 | 286.836,35 | 0,05% |
| AYALA LAND INC. | 730.000 | PHP | 425.645,55 | 508.125,12 | 0,09% |
| BANK OF THE PHILIPPINE ISLANDS | 131.114 | PHP | 190.904,69 | 181.522,77 | 0,03% |
| BDO UNIBANK INC. | 140.004 | PHP | 220.744,26 | 254.469,77 | 0,05% |
| GLOBE TELECOM INC. | 3.000 | PHP | 103.730,31 | 103.643,43 | 0,02% |
| GT CAPITAL HLDG INC. | 9.225 | PHP | 187.833,74 | 91.843,14 | 0,02% |
| INTERNATIONAL CONTAINER TERMINAL SERVICES | 72.650 | PHP | 122.164,88 | 152.695,79 | 0,03% |
| JG SUMMIT HLDG INC. | 315.000 | PHP | 221.026,90 | 383.838,09 | 0,07% |
| JOLLIBEE FOODS CORP. | 35.000 | PHP | 107.999,42 | 116.271,25 | 0,02% |
| MANILA ELECTRIC CO MER | 15.000 | PHP | 78.004,91 | 74.541,58 | 0,01% |
| METRO PACIFIC INVESTMENTS CORP. | 2.123.000 | PHP | 181.944,23 | 154.638,72 | 0,03% |
| METROPOLITAN BANK - TRUST CO MBTC | 158.200 | PHP | 188.102,75 | 132.059,60 | 0,02% |
| PLDT INC. | 7.000 | PHP | 390.051,11 | 159.634,71 | 0,03% |
| SM INVESTMENTS CORP. | 21.900 | PHP | 205.084,07 | 390.970,60 | 0,07% |
| SM PRIME HLDG INC. | 770.800 | PHP | 221.207,36 | 505.041,34 | 0,09% |
| UNIVERSAL ROBINA CORP. | 89.850 | PHP | 215.066,54 | 233.191,34 | 0,04% |
| Total PESO PHILIPPIN |  |  | 3.614.404,29 | 3.961.510,80 | 0,73% |
| ALLEGRO.EU S.A. | 21.000 | PLN | 393.207,12 | 390.155,63 | 0,07% |
| BANK PEKAO S.A. | 16.279 | PLN | 678.723,22 | 218.174,56 | 0,04% |
| CD PROJEKT S.A. | 6.300 | PLN | 146.728,22 | 379.607,15 | 0,07% |
| CYFROWY POLSAT S.A. | 33.439 | PLN | 163.585,58 | 222.097,83 | 0,04% |
| DINO POLSKA SA | 4.000 | PLN | 92.872,35 | 253.918,12 | 0,05% |
| KGHM POLSKA MIEDZ S.A. | 12.000 | PLN | 348.146,59 | 481.689,86 | 0,09% |
| LPP S.A. | 150 | PLN | 271.364,16 | 272.595,66 | 0,05% |
| PGE POLSKA GRUPA ENERGETYCZNA S.A. | 87.349 | PLN | 388.050,47 | 124.539,31 | 0,02% |
| PKO BANK POLSKI S.A. | 80.000 | PLN | 702.651,89 | 503.975,70 | 0,09% |
| POLISH OIL & GAS CO | 132.601 | PLN | 176.707,78 | 161.193,86 | 0,03% |
| POLSKI KONCERN NAFTOWY ORLEN S.A. | 31.052 | PLN | 341.775,04 | 393.143,47 | 0,07% |
| POWSZECHNY ZAKLAD UBEZPIECZEN S.A. | 60.000 | PLN | 630.715,26 | 425.887,54 | 0,08% |
| Total ZLOTY POLONAIS |  |  | 4.334.527,68 | 3.826.978,69 | 0,71% |
| BARWA REAL ESTATE CO | 220.000 | QAR | 208.610,76 | 167.952,50 | 0,03% |
| COMMERCIAL BANK OF QATAR | 188.700 | QAR | 213.348,31 | 186.372,46 | 0,03% |
| INDUSTRIES QATAR Q.S.C. | 145.000 | QAR | 502.624,80 | 353.797,46 | 0,07% |
| MASRAF AL RAYAN | 270.000 | QAR | 311.945,35 | 274.548,54 | 0,05% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| MESAIEED PETROCHEMICAL HLDG COMP | 350.000 | QAR | 225.302,17 | 160.821,11 | 0,03% |
| --- | --- | --- | --- | --- | --- |
| OOREDOO Q.P.S.C | 80.000 | QAR | 213.324,81 | 135.040,80 | 0,03% |
| QATAR ELECTRICITY & WATER | 44.270 | QAR | 212.971,06 | 177.380,11 | 0,03% |
| QATAR FUEL Q.S.C. | 50.000 | QAR | 253.819,25 | 209.654,43 | 0,04% |
| QATAR INTERNATIONAL ISLAMIC BANK | 80.000 | QAR | 193.143,70 | 162.551,77 | 0,03% |
| QATAR ISLAMIC BANK | 100.000 | QAR | 283.819,03 | 384.067,16 | 0,07% |
| QATAR NATIONAL BANK | 376.000 | QAR | 1.384.414,03 | 1.504.860,89 | 0,28% |
| Total RIYAL DU QATAR |  |  | 4.003.323,27 | 3.717.047,23 | 0,69% |
| ADVANCED INFO SERVICE -FOREIGN- | 100.000 | THB | 575.151,90 | 480.119,38 | 0,09% |
| AIRPORTS OF THAILAND PUBLIC CO LTD | 344.100 | THB | 220.525,50 | 584.333,24 | 0,11% |
| ASSET WORLD CORP. PCL -FOREIGN- | 800.000 | THB | 107.665,79 | 99.515,65 | 0,02% |
| BANGKOK BANK PUBLIC CO LTD -FOREIGN- | 47.000 | THB | 228.512,20 | 151.933,23 | 0,03% |
| BANGKOK COMMERCIAL AM -FOREIGN- | 150.000 | THB | 100.510,79 | 89.613,19 | 0,02% |
| BANGKOK DUSIT MEDICAL SERVICES -FOREIGN- | 887.700 | THB | 510.244,97 | 503.693,24 | 0,09% |
| BANGKOK EXPRESSWAY METRO-FOREIGN | 750.000 | THB | 133.569,41 | 169.814,95 | 0,03% |
| BERLI JUCKER PUBLIC CO LTD FORGN | 100.000 | THB | 127.263,46 | 94.796,30 | 0,02% |
| BTS GROUP HLDG PUBLIC CO -FOREIGN- | 850.000 | THB | 210.760,56 | 215.644,53 | 0,04% |
| BUMRUNGRAD HOSPITAL PUBLIC -FOREIGN- | 40.000 | THB | 219.040,87 | 130.941,65 | 0,02% |
| C.P. ALL PUBLIC CO LTD FOREIGN -R- | 555.700 | THB | 689.226,47 | 883.024,78 | 0,16% |
| CENTRAL PATTANA PUBLIC CO LTD -FOREIGN | 250.000 | THB | 357.719,63 | 325.649,15 | 0,06% |
| CHAROEN POKPHAND FOODS -FOREIGN- | 288.300 | THB | 179.684,19 | 210.380,26 | 0,04% |
| DELTA ELECTRONICS PUBLIC -FOREIGN- | 25.000 | THB | 235.766,05 | 331.446,05 | 0,06% |
| ELECTRICITY GENERATING PUBLIC -FOREIGN- | 30.000 | THB | 241.670,98 | 157.539,17 | 0,03% |
| ENERGY ABSOLUTE PUBLIC LTD -FOREIGN- | 250.000 | THB | 370.155,18 | 335.878,97 | 0,06% |
| GLOBAL POWER SYNERGY PCL -FOREIGN- | 50.000 | THB | 131.215,84 | 100.593,19 | 0,02% |
| GULF ENERGY DEVELOPMENT -FOREIGN- | 123.100 | THB | 74.144,18 | 115.015,19 | 0,02% |
| HOME PRODUCT CENTER PUBLIC-FOREIGN- | 500.058 | THB | 97.997,56 | 186.886,32 | 0,03% |
| INTOUCH HLDG PUBLIC CO LTD -FOREIGN- | 250.000 | THB | 398.223,82 | 383.618,11 | 0,07% |
| KASIKORNBANK PCL -FOREIGN- | 160.000 | THB | 758.385,18 | 497.578,26 | 0,09% |
| KRUNGTHAI BANK PUBLIC CO LIMI | 339.100 | THB | 162.571,19 | 102.680,35 | 0,02% |
| KRUNGTHAI CARD PUBLIC COMP FOREIGN | 100.000 | THB | 109.312,58 | 162.313,08 | 0,03% |
| LAND & HOUSE PUBLIC -FOREIGN- | 500.000 | THB | 160.651,41 | 108.436,05 | 0,02% |
| MINOR INTERNATIONAL PUBLIC -FOREIGN- | 351.500 | THB | 313.130,92 | 246.910,25 | 0,05% |
| PTT EXPLORATION PROD PUB -FOREIGN- | 120.000 | THB | 436.059,37 | 321.625,42 | 0,06% |
| PTT GLOBAL CHEMICAL PUBLIC PLC -FOREIGN- | 250.000 | THB | 415.100,34 | 398.962,83 | 0,07% |
| PTT PUBLIC CO LTD -FOREIGN- | 950.000 | THB | 830.597,02 | 1.101.410,21 | 0,20% |
| SIAM CEMENT PUBLIC CO LTD FOREIGN | 66.400 | THB | 696.412,34 | 684.693,88 | 0,13% |
| SIAM COMMERCIAL BANK -F- FOREIGN -REG- | 100.000 | THB | 379.354,95 | 238.695,71 | 0,04% |
| THAI OIL PUBLIC CO LTD -FOREIGN- | 116.700 | THB | 111.403,07 | 165.542,98 | 0,03% |
| THAI UNION GROUP PCL -FOREIGN- | 300.000 | THB | 128.615,61 | 111.300,40 | 0,02% |
| TRUE CORP. PCL -FOREIGN | 1.000.011 | THB | 119.760,76 | 93.842,55 | 0,02% |
| Total BAHT THAÏLANDAIS |  |  | 9.830.404,09 | 9.784.428,52 | 1,81% |
| AKBANK T.A.S. | 300.000 | TRY | 532.048,70 | 228.611,01 | 0,04% |
| ASELSAN ELEKTRONIK SANAYI | 80.000 | TRY | 145.573,49 | 160.544,53 | 0,03% |
| BIM BIRLESIK MAGAZALAR AS | 36.748 | TRY | 296.004,77 | 305.086,73 | 0,06% |
| EREGLI DEMIR VE CELIK FABRIKALARI | 137.588 | TRY | 131.443,66 | 225.882,73 | 0,04% |
| FORD OTOMOTIV SANAYI AS | 2.700 | TRY | 24.595,89 | 37.409,08 | 0,01% |
| HACI OMER SABANCI HLDG AS | 121.348 | TRY | 433.291,19 | 152.918,46 | 0,03% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| KOC HLDG AS | 85.300 | TRY | 306.687,69 | 198.100,52 | 0,04% |
| --- | --- | --- | --- | --- | --- |
| TUPRAS TURKIYE PETROL RAFINELERI AS | 15.272 | TRY | 237.965,77 | 181.368,70 | 0,03% |
| TURKCELL ILETISIM HIZMET | 100.000 | TRY | 443.254,71 | 177.038,83 | 0,03% |
| TURK HAVA YOLLARI AO | 41.000 | TRY | 116.670,23 | 58.203,99 | 0,01% |
| TURKIYE GARANTI BANKASI AS | 200.000 | TRY | 585.260,19 | 228.061,20 | 0,04% |
| TURKIYE IS BANKASI AS | 118.176 | TRY | 241.832,13 | 90.964,09 | 0,02% |
| Total LIVRE TURQUE |  |  | 3.494.628,42 | 2.044.189,87 | 0,38% |
| ACCTON TECHNOLOGY CORP. | 40.000 | TWD | 202.468,33 | 367.663,10 | 0,07% |
| ACER INC. | 195.756 | TWD | 101.515,65 | 134.663,28 | 0,02% |
| ADVANTECH CO LTD | 33.612 | TWD | 117.398,52 | 342.188,47 | 0,06% |
| AIRTAC INTERNATIONAL GROUP | 10.000 | TWD | 131.471,51 | 261.785,43 | 0,05% |
| ASE INDUSTRIAL HLDG CO LTD | 250.837 | TWD | 429.357,24 | 593.178,11 | 0,11% |
| ASIA CEMENT CORP. | 196.060 | TWD | 186.015,44 | 246.363,13 | 0,05% |
| ASUSTEK COMPUTER INC. | 57.000 | TWD | 379.470,98 | 415.322,59 | 0,08% |
| AU OPTRONICS CORP. | 675.000 | TWD | 193.586,07 | 274.874,71 | 0,05% |
| CATCHER TECHNOLOGY CO LTD | 66.000 | TWD | 287.168,56 | 395.470,53 | 0,07% |
| CATHAY FINANCIAL HLDG LTD | 635.102 | TWD | 670.773,37 | 780.500,46 | 0,14% |
| CHAILEASE HLDG CO LTD | 100.471 | TWD | 196.701,22 | 490.967,76 | 0,09% |
| CHANG HWA COMMERCIAL BANK | 375.623 | TWD | 158.774,15 | 196.118,97 | 0,04% |
| CHENG SHIN RUBBER INDUSTRY CO LTD | 173.000 | TWD | 334.170,04 | 221.663,91 | 0,04% |
| CHICONY ELECTRONICS CO LTD | 56.812 | TWD | 115.067,09 | 142.446,02 | 0,03% |
| CHIMEI INNOLUX CORP. | 800.626 | TWD | 292.597,83 | 328.361,15 | 0,06% |
| CHINA DEVELOPMENT FINANCIAL | 1.146.000 | TWD | 268.159,54 | 310.006,31 | 0,06% |
| CHINA LIFE INSURANCE CO LTD | 297.851 | TWD | 140.861,38 | 192.333,53 | 0,04% |
| CHINA STEEL CORP. | 1.000.280 | TWD | 645.553,92 | 720.111,52 | 0,13% |
| CHUNGHWA TELECOM CO LTD | 319.000 | TWD | 817.710,00 | 1.011.393,48 | 0,19% |
| COMPAL ELECTRONICS INC. | 410.000 | TWD | 212.243,06 | 246.863,67 | 0,05% |
| CTBC FINANCIAL HLDG | 1.400.217 | TWD | 625.651,29 | 802.351,27 | 0,15% |
| DELTA ELECTRONICS INC. | 158.000 | TWD | 635.586,26 | 1.208.692,44 | 0,22% |
| E.SUN FINANCIAL HLDG CO LTD | 922.362 | TWD | 319.629,36 | 685.480,77 | 0,13% |
| ECLAT TEXTILE CO LTD | 20.702 | TWD | 141.467,60 | 254.414,58 | 0,05% |
| EVERGREEN MARINE CORP. TAIWAN LTD | 231.303 | TWD | 95.082,51 | 273.828,50 | 0,05% |
| FAR EASTERN NEW CENTURY CORP. | 282.159 | TWD | 214.015,03 | 237.599,46 | 0,04% |
| FAR EASTONE TELECOMMUNICATION | 140.000 | TWD | 209.510,94 | 249.219,73 | 0,05% |
| FENG TAY ENTERPRISE CO LTD | 37.920 | TWD | 110.096,54 | 220.046,37 | 0,04% |
| FIRST FINANCIAL HLDG CO | 927.212 | TWD | 399.083,14 | 575.810,92 | 0,11% |
| FORMOSA CHEMICALS & FIBRE CORP. | 282.000 | TWD | 604.573,01 | 694.761,09 | 0,13% |
| FORMOSA PETROCHEMICAL CORP. | 85.000 | TWD | 210.769,28 | 246.747,32 | 0,05% |
| FORMOSA PLASTICS CORP. | 350.000 | TWD | 715.730,62 | 981.404,51 | 0,18% |
| FOXCONN TECHNOLOGY CO LTD | 83.887 | TWD | 149.415,12 | 130.298,34 | 0,02% |
| FUBON FINANCIAL HLDG CO LTD | 528.000 | TWD | 625.472,02 | 717.990,19 | 0,13% |
| GIANT MANUFACTURE CO LTD | 19.000 | TWD | 89.507,31 | 151.980,99 | 0,03% |
| GLOBALWAFERS CO LTD | 20.000 | TWD | 240.651,61 | 411.875,75 | 0,08% |
| HIWIN TECHNOLOGIES CORP. | 23.259 | TWD | 257.145,86 | 260.129,95 | 0,05% |
| HON HAI PRECISION INDUSTRY CO LTD | 1.040.760 | TWD | 2.262.137,43 | 2.785.103,83 | 0,52% |
| HOTAI MOTOR CO LTD | 23.500 | TWD | 215.025,42 | 439.523,20 | 0,08% |
| HUA NAN FINANCIAL HLDG CO LTD | 600.418 | TWD | 248.839,50 | 318.727,50 | 0,06% |
| INVENTEC CORP. | 262.000 | TWD | 177.453,85 | 182.900,76 | 0,03% |
| LARGAN PRECISION CO LTD | 9.000 | TWD | 278.834,70 | 836.404,46 | 0,16% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| LITE-ON TECHNOLOGY CORP. | 172.106 | TWD | 218.827,76 | 249.303,47 | 0,05% |
| --- | --- | --- | --- | --- | --- |
| MEDIA TEK INCORPORATION | 126.086 | TWD | 1.170.512,90 | 2.739.620,70 | 0,51% |
| MEGA FINANCIAL HLDG CO | 900.625 | TWD | 609.604,89 | 780.662,35 | 0,14% |
| MICRO-STAR INTERNATIONAL CO LTD | 70.000 | TWD | 171.841,21 | 269.784,43 | 0,05% |
| NAN YA PLASTICS CORP. | 430.000 | TWD | 725.837,90 | 899.291,14 | 0,17% |
| NANYA TECHNOLOGY CORP. -REG- | 94.000 | TWD | 211.711,72 | 237.328,86 | 0,04% |
| NIEN MADE ENTERPRISE CO LTD | 12.000 | TWD | 88.570,62 | 113.789,40 | 0,02% |
| NOVATEK MICROELECTRONICS CORP. | 46.000 | TWD | 168.539,97 | 493.727,33 | 0,09% |
| PEGATRON CORP. | 189.000 | TWD | 325.122,76 | 369.981,36 | 0,07% |
| PHISON ELECTRONICS CORP. | 16.000 | TWD | 182.492,80 | 154.744,28 | 0,03% |
| POU CHEN CORP. | 200.000 | TWD | 180.585,36 | 182.668,06 | 0,03% |
| POWERTECH TECHNOLOGY INC. | 60.000 | TWD | 122.997,12 | 165.622,92 | 0,03% |
| PRESIDENT CHAIN STORE CORP. | 59.000 | TWD | 378.791,44 | 457.353,70 | 0,08% |
| QUANTA COMPUTER INC. | 230.000 | TWD | 357.716,55 | 541.226,84 | 0,10% |
| REALTEK SEMICONDUCTOR CORP. | 37.000 | TWD | 111.905,96 | 420.267,43 | 0,08% |
| RUENTEX DEVELOPMENT CO LTD | 75.720 | TWD | 99.456,32 | 90.081,76 | 0,02% |
| SHIN KONG FINANCIAL HLDG CO LTD | 875.505 | TWD | 192.522,01 | 224.355,91 | 0,04% |
| SILERGY CORP. | 7.000 | TWD | 348.724,30 | 490.702,25 | 0,09% |
| SINOPAC FINANCIAL HLDG CO LTD | 800.683 | TWD | 212.257,79 | 266.666,87 | 0,05% |
| SYNNEX TECHNOLOGY INTERNATIONAL | 120.000 | TWD | 132.812,12 | 164.052,21 | 0,03% |
| TAISHIN FINANCIAL | 989.122 | TWD | 295.445,54 | 381.213,88 | 0,07% |
| TAIWAN BUSINESS BANK | 658.828 | TWD | 154.607,25 | 186.460,94 | 0,03% |
| TAIWAN CEMENT CORP. | 452.075 | TWD | 408.292,81 | 568.063,92 | 0,11% |
| TAIWAN COOPERATIVE FINANCIAL HLDG | 824.123 | TWD | 318.212,62 | 487.819,79 | 0,09% |
| TAIWAN HIGH SPEED RAIL CORP. | 100.000 | TWD | 87.299,91 | 92.206,65 | 0,02% |
| TAIWAN MOBILE CO LTD | 151.000 | TWD | 404.624,90 | 434.386,39 | 0,08% |
| TAIWAN SEMICONDUCTOR MANUFACTURING | 2.060.000 | TWD | 8.420.135,05 | 31.757.481,97 | 5,89% |
| THE SHANGHAI COMMERCIAL & SAVINGS | 286.811 | TWD | 374.717,21 | 342.878,77 | 0,06% |
| UNIMICRON TECHNOLOGY CORP. | 100.000 | TWD | 263.993,64 | 254.222,74 | 0,05% |
| UNI-PRESIDENT ENTERPRISES CORP. | 420.427 | TWD | 584.785,81 | 825.462,49 | 0,15% |
| UNITED MICROELECTRONICS CORP. | 970.000 | TWD | 386.368,68 | 1.330.320,86 | 0,25% |
| VANGUARD INTERNATIONAL SEMI | 66.000 | TWD | 93.322,69 | 222.692,14 | 0,04% |
| WALSIN TECHNOLOGY CORP. LTD | 30.000 | TWD | 333.086,92 | 201.138,48 | 0,04% |
| WINBOND ELECTRONICS CORP. | 276.000 | TWD | 190.562,34 | 233.215,92 | 0,04% |
| WIN SEMICONDUCTORS CORP. | 30.000 | TWD | 261.145,81 | 301.925,87 | 0,06% |
| WISTRON CORP. | 281.689 | TWD | 196.745,02 | 254.000,49 | 0,05% |
| WIWYNN CORP. | 9.000 | TWD | 204.577,60 | 184.296,95 | 0,03% |
| WPG HLDG CO LTD | 150.040 | TWD | 143.065,92 | 187.226,50 | 0,03% |
| YAGEO CORP. | 28.754 | TWD | 216.131,05 | 433.242,45 | 0,08% |
| YUANTA FINANCIAL HLDG | 743.732 | TWD | 284.471,49 | 444.560,90 | 0,08% |
| ZHEN DING TECHNOLOGY HLDG LTD | 50.000 | TWD | 131.308,55 | 165.797,44 | 0,03% |
| Total DOLLAR TAIWANAIS |  |  | 34.470.474,61 | 68.937.414,87 | 12,78% |
| 51 JOB INC. -ADR- | 2.200 | USD | 201.575,89 | 125.863,27 | 0,02% |
| ALIBABA GROUP HOLDING ADR | 159.000 | USD | 18.929.679,30 | 30.243.202,16 | 5,61% |
| AUTOHOME INC. -ADR- | 4.800 | USD | 197.071,34 | 390.810,35 | 0,07% |
| BAIDU INC. -ADR- | 23.000 | USD | 4.062.975,39 | 4.064.827,76 | 0,75% |
| BAOZUN INC-SPN ADR | 5.000 | USD | 243.138,26 | 140.370,23 | 0,03% |
| BEIGENE LTD | 4.000 | USD | 855.973,56 | 844.722,32 | 0,16% |
| BILIBILI | 9.000 | USD | 287.608,82 | 630.525,93 | 0,12% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BUENAVENTURA -SP ADR- -B- | 20.000 | USD | 162.280,54 | 199.256,26 | 0,04% |
| --- | --- | --- | --- | --- | --- |
| CREDICORP LTD | 5.500 | USD | 606.091,81 | 737.289,04 | 0,14% |
| GAZPROM -SP ADR- | 540.000 | USD | 3.348.121,89 | 2.471.496,87 | 0,46% |
| GDS HLDG LTD -A- | 7.600 | USD | 364.215,98 | 581.265,99 | 0,11% |
| GLOBANT S.A. | 3.500 | USD | 290.363,66 | 622.479,67 | 0,12% |
| GSX TECHEDU INC. -A- -ADR- | 7.000 | USD | 198.561,80 | 295.835,89 | 0,05% |
| HUAZHU GROUP LTD -ADR- | 15.800 | USD | 601.348,43 | 581.483,39 | 0,11% |
| HUTCHISON CHINA MEDITECH LTD -ADR- | 7.000 | USD | 155.679,46 | 183.188,26 | 0,03% |
| IQIYI INC. -SPONSORED ADR - | 22.000 | USD | 447.528,41 | 314.298,56 | 0,06% |
| JD.COM INC-ADR | 73.200 | USD | 2.090.529,27 | 5.258.698,05 | 0,97% |
| KE HLDG INC. | 9.000 | USD | 391.374,80 | 452.666,42 | 0,08% |
| KINGSOFT CLOUD HLDG LTD | 5.000 | USD | 169.191,39 | 177.965,76 | 0,03% |
| LUFAX HLDG LTD | 14.000 | USD | 212.536,14 | 162.478,04 | 0,03% |
| MAGNIT P.J.S.C. DR | 32.049 | USD | 1.395.691,38 | 461.004,78 | 0,09% |
| MMC NORILSK NICKEL PSCR -ADR- | 55.000 | USD | 691.705,24 | 1.402.476,40 | 0,26% |
| MOBILE TELESYSTEMS -SPONSORED ADR - | 40.000 | USD | 590.114,88 | 292.591,23 | 0,05% |
| MOMO INC. -A-SPONSORED ADR - | 15.000 | USD | 489.091,15 | 171.141,35 | 0,03% |
| NETEASE INC. -ADR- | 34.500 | USD | 1.370.840,62 | 2.700.392,30 | 0,50% |
| NEW ORIENTAL EDUCATION | 12.800 | USD | 589.656,51 | 1.943.825,75 | 0,36% |
| NIO INC. -ADR- | 100.000 | USD | 979.955,30 | 3.983.490,66 | 0,74% |
| NOAH HLDG LTD -ADR- | 3.600 | USD | 185.634,44 | 140.669,36 | 0,03% |
| NOVATEK OAO -GDR- | 6.179 | USD | 632.042,53 | 825.179,68 | 0,15% |
| NOVOLIPETSK STEEL -GDR- | 16.000 | USD | 332.798,32 | 362.747,74 | 0,07% |
| OIL CO LUKOIL P.J.S.C. -ADR- | 30.000 | USD | 1.436.597,81 | 1.676.106,41 | 0,31% |
| PHOSAGRO P.J.S.C. -GDR- | 15.000 | USD | 200.989,99 | 167.218,34 | 0,03% |
| PINDUODUO INC. -ADR- | 32.500 | USD | 1.878.322,39 | 4.719.279,96 | 0,87% |
| POLYUS P.J.S.C. GDR | 5.300 | USD | 236.688,43 | 436.631,11 | 0,08% |
| ROSNEFT OIL CO OJSC REG-S DR | 181.800 | USD | 1.015.405,16 | 838.013,98 | 0,16% |
| SBERBANK OF RUSSIA OJSC -ADR- | 270.000 | USD | 2.484.742,39 | 3.204.119,16 | 0,59% |
| SEVERSTAL CHEREPOVETS METAL FACT DR | 18.000 | USD | 214.360,42 | 258.477,38 | 0,05% |
| SINA CORP. | 6.000 | USD | 390.968,85 | 207.821,50 | 0,04% |
| SOUTHERN COPPER CORP. | 9.000 | USD | 192.896,78 | 478.999,63 | 0,09% |
| SURGUTNEFTEGAZ P.J.S.C. -ADR- | 110.000 | USD | 471.332,86 | 415.168,98 | 0,08% |
| TAL EDUCATION GROUP ADR | 32.000 | USD | 853.678,70 | 1.870.230,07 | 0,35% |
| TATNEFT P.J.S.C. -ADR- | 18.000 | USD | 542.461,17 | 600.220,67 | 0,11% |
| TELECOM ARGENTINA -SPONSORED ADR - | 10.000 | USD | 159.201,96 | 53.614,48 | 0,01% |
| TENCENT MUSIC | 28.000 | USD | 362.454,84 | 440.292,59 | 0,08% |
| TRIP COM GROUP LTD-ADR | 39.700 | USD | 1.666.788,41 | 1.094.422,79 | 0,20% |
| VIPSHOP HOLDING LTD ADR | 41.300 | USD | 560.520,09 | 948.831,68 | 0,18% |
| VNESHTORGBANK GDR REG -S- | 235.000 | USD | 449.984,80 | 183.325,16 | 0,03% |
| WEIBO CORP. -ADR- | 6.340 | USD | 380.819,42 | 212.395,57 | 0,04% |
| X5 RETAIL GROUP SP GDR-S | 9.000 | USD | 220.107,64 | 265.685,91 | 0,05% |
| XPENG INC. -A -ADR- | 10.000 | USD | 187.755,45 | 350.046,99 | 0,06% |
| YANDEX N.V. CLASS -A- | 26.000 | USD | 1.478.608,65 | 1.478.550,12 | 0,27% |
| YUM CHINA HLDG INC. | 33.500 | USD | 878.706,08 | 1.563.086,92 | 0,29% |
| YY INC -A- SPD -ADR- | 5.700 | USD | 342.004,56 | 372.592,87 | 0,07% |
| ZAI LAB LTD -ADR- | 5.400 | USD | 321.601,35 | 597.307,83 | 0,11% |
| ZTO EXPRESS CAYMAN -ADR- | 33.200 | USD | 641.686,20 | 791.232,07 | 0,15% |
| Total DOLLAR DES ETATS-UNIS |  |  | 58.642.060,91 | 83.985.915,64 | 15,57% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ABSA GROUP LTD | 57.544 | ZAR | 600.662,46 | 383.766,48 | 0,07% |
| --- | --- | --- | --- | --- | --- |
| ANGLO AMERICAN PLATINUM LTD | 5.510 | ZAR | 175.810,86 | 442.441,43 | 0,08% |
| ANGLOGOLD ASHANTI LTD -ADR- | 35.000 | ZAR | 407.218,73 | 667.032,04 | 0,12% |
| ASPEN PHARMACARE HLDG PLC | 30.000 | ZAR | 509.442,93 | 209.270,30 | 0,04% |
| BID CORP. LTD | 28.701 | ZAR | 154.466,57 | 420.044,24 | 0,08% |
| BIDVEST GROUP LTD | 22.832 | ZAR | 386.549,18 | 199.476,46 | 0,04% |
| CAPITEC BANK HLDG LTD | 6.300 | ZAR | 249.323,60 | 502.196,14 | 0,09% |
| CLICKS GROUP LTD | 18.000 | ZAR | 237.860,32 | 253.057,32 | 0,05% |
| DISCOVERY HLDG LTD | 34.500 | ZAR | 283.744,73 | 294.736,11 | 0,05% |
| EXXARO RESOURCES LTD | 30.000 | ZAR | 264.983,09 | 231.854,87 | 0,04% |
| FIRSTRAND LTD | 400.000 | ZAR | 839.046,95 | 1.135.960,87 | 0,21% |
| GOLD FIELDS LTD | 82.000 | ZAR | 256.879,66 | 627.668,46 | 0,12% |
| GROWTHPOINT PROPERTIES LTD | 345.547 | ZAR | 644.591,56 | 241.676,89 | 0,04% |
| HARMONY GOLD MINING -SOUTH AFRICA- | 50.000 | ZAR | 252.378,97 | 199.193,77 | 0,04% |
| IMPALA PLATINIUM HLDG LTD | 65.000 | ZAR | 472.437,61 | 730.200,95 | 0,14% |
| KUMBA IRON ORE LTD | 6.000 | ZAR | 112.094,09 | 207.921,57 | 0,04% |
| MR. PRICE GROUP LTD | 24.281 | ZAR | 294.095,89 | 230.550,24 | 0,04% |
| MTN GROUP N.V. | 150.000 | ZAR | 1.894.401,58 | 502.352,21 | 0,09% |
| MULTICHOICE GROUP LTD | 40.000 | ZAR | 100.917,44 | 298.234,24 | 0,06% |
| NASPERS -N- | 36.000 | ZAR | 3.612.499,15 | 6.047.956,73 | 1,12% |
| NEDBANK GROUP | 30.006 | ZAR | 277.828,07 | 216.174,03 | 0,04% |
| NORTHAM PLATINUM LTD | 30.000 | ZAR | 236.174,99 | 349.751,98 | 0,06% |
| OLD MUTUAL LTD | 500.000 | ZAR | 902.912,37 | 330.784,06 | 0,06% |
| SANLAM LTD | 143.000 | ZAR | 587.323,21 | 467.451,57 | 0,09% |
| SASOL LTD | 49.000 | ZAR | 1.782.784,01 | 365.146,10 | 0,07% |
| SHOPRITE HLDG LTD | 38.274 | ZAR | 469.155,32 | 298.142,99 | 0,06% |
| SIBANYE STILLWATER LTD | 200.000 | ZAR | 351.898,95 | 667.688,60 | 0,12% |
| SPAR GROUP LTD | 15.000 | ZAR | 136.248,95 | 158.192,12 | 0,03% |
| STANDARD BANK GROUP | 106.000 | ZAR | 1.014.622,78 | 749.507,16 | 0,14% |
| TIGER BRANDS LTD | 17.983 | ZAR | 411.417,38 | 208.302,20 | 0,04% |
| VODACOM GROUP LTD | 45.000 | ZAR | 449.229,70 | 311.451,69 | 0,06% |
| WOOLWORTHS HLDG LTD | 60.670 | ZAR | 312.317,70 | 133.476,06 | 0,02% |
| Total RAND SUD-AFRICAIN |  |  | 18.681.318,80 | 18.081.659,88 | 3,35% |
| Total Actions Cotées ou Négociées |  |  | 377.630.426,83 | 498.697.448,69 | 92,44% |
| Obligations |  |  |  |  |  |
| BRITANNIA INDUSTRIES LTD 8,00 19-280822 | 6.800 | INR | 0,00 | 79,81 | 0,00% |
| Total ROUPIE INDIENNE |  |  | 0,00 | 79,81 | 0,00% |
| Total Obligations |  |  | 0,00 | 79,81 | 0,00% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 377.630.426,83 | 498.697.528,50 | 92,44% |
| Fonds d'investissements |  |  |  |  |  |
| ISHARES MSCI SAUDI ARABIA CAP USD UCITS ETF | 3.600.000 | EUR | 14.384.625,93 | 13.258.800,00 | 2,46% |
| Total EURO |  |  | 14.384.625,93 | 13.258.800,00 | 2,46% |

Emerging MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ISHARES MSCI CHINA -A- -CAP- UCITS ETF | 5.100.000 | USD | 18.951.919,50 | 26.197.131,30 | 4,86% |
| --- | --- | --- | --- | --- | --- |
| Total DOLLAR DES ETATS-UNIS |  |  | 18.951.919,50 | 26.197.131,30 | 4,86% |
| Total Fonds d'investissements |  |  | 33.336.545,43 | 39.455.931,30 | 7,31% |
| Autres valeurs mobilières |  |  |  |  |  |
| CHINA HUISHAN DAIRY HLDG DELISTED | 700.000 | HKD | 147.828,04 | 30.988,96 | 0,01% |
| KINGSOFT CORP. LTD | 73.000 | HKD | 167.183,53 | 384.726,87 | 0,07% |
| LEGEND HLDG LTD -H-DSO-20190509 | 65.000 | HKD | 0,00 | 0,00 | 0,00% |
| Total DOLLAR DE HONG-KONG |  |  | 315.011,57 | 415.715,83 | 0,08% |
| CELLTRION HEALTHCARE -DVSE-20201229 | 5.358 | KRW | 0,00 | 13.141,62 | 0,00% |
| CELLTRION INC-DVSE-20201229 | 8.024 | KRW | 0,00 | 43.345,48 | 0,01% |
| CELLTRION PHARMACEUTICAL IN-DVSE201229-48211 | 1.600 | KRW | 0,00 | 5.744,46 | 0,00% |
| DAELIM INDUSTRIAL CO -SOFF-20201229 | 2.900 | KRW | 0,00 | 0,00 | 0,00% |
| HANMI PHARMACEUTICAL CO LTD -BONUS- 20201229 | 625 | KRW | 0,00 | 3.446,77 | 0,00% |
| YUHAN CORP. -BONUS- 20201229 | 4.170 | KRW | 0,00 | 11.780,79 | 0,00% |
| Total WON SUD CORÉEN |  |  | 0,00 | 77.459,12 | 0,01% |
| SUPERMAX CORP. -DVSE-20201207 | 120.000 | MYR | 0,00 | 3.257,38 | 0,00% |
| Total RINGGIT DE MALAISIE |  |  | 0,00 | 3.257,38 | 0,00% |
| REMGRO LTD | 52.380 | ZAR | 788.875,97 | 280.371,12 | 0,05% |
| Total RAND SUD-AFRICAIN |  |  | 788.875,97 | 280.371,12 | 0,05% |
| Total Autres valeurs mobilières |  |  | 1.103.887,54 | 776.803,45 | 0,14% |
| Total du Portefeuille-Titres |  |  | 412.070.859,80 | 538.930.263,25 | 99,90% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| ABU DHABI COMMERCIAL BANK | 49.000 | AED | 97.003,39 | 67.596,73 | 0,05% |
| NATIONAL BANK OF ABU DHABI | 23.276 | AED | 87.761,50 | 66.809,16 | 0,05% |
| Total DIRHAM DES ETATS ARABES UNIS |  |  | 184.764,89 | 134.405,89 | 0,09% |
| AMPOL LTD | 3.000 | AUD | 57.775,44 | 53.771,44 | 0,04% |
| APA GROUP | 20.239 | AUD | 131.974,64 | 123.175,04 | 0,09% |
| ASX LTD | 2.700 | AUD | 105.979,92 | 122.603,43 | 0,09% |
| AURIZON HLDG LTD | 29.891 | AUD | 101.277,49 | 73.521,00 | 0,05% |
| BLUESCOPE STEEL LTD | 6.049 | AUD | 69.831,59 | 66.685,49 | 0,05% |
| BRAMBLES LTD | 18.500 | AUD | 131.677,23 | 123.675,58 | 0,09% |
| COCA-COLA AMATIL LTD | 5.513 | AUD | 31.982,73 | 44.956,54 | 0,03% |
| COCHLEAR LTD | 846 | AUD | 98.359,41 | 100.841,32 | 0,07% |
| COLES GROUP LTD | 14.000 | AUD | 112.436,06 | 160.166,50 | 0,11% |
| DEXUS | 10.557 | AUD | 74.175,66 | 62.585,65 | 0,04% |
| EVOLUTION MINING LTD | 21.354 | AUD | 78.464,79 | 67.202,61 | 0,05% |
| GOODMAN GROUP | 18.278 | AUD | 150.673,21 | 217.984,98 | 0,15% |
| GPT GROUP | 15.433 | AUD | 49.153,01 | 43.799,51 | 0,03% |
| INSURANCE AUSTRALIA GROUP LTD | 31.871 | AUD | 156.188,99 | 94.471,30 | 0,07% |
| MACQUARIE GROUP LTD | 3.900 | AUD | 281.431,26 | 340.610,49 | 0,24% |
| MIRVAC GROUP | 56.831 | AUD | 95.078,32 | 94.622,75 | 0,07% |
| NEWCREST MINING LTD | 11.323 | AUD | 176.071,80 | 184.098,73 | 0,13% |
| SEEK LTD | 3.592 | AUD | 48.596,05 | 64.631,53 | 0,04% |
| STOCKLAND STAPLED SECURITY | 35.635 | AUD | 89.829,20 | 93.941,91 | 0,07% |
| SYDNEY AIRPORT | 15.777 | AUD | 72.209,88 | 63.780,63 | 0,04% |
| TRANSURBAN GROUP-STAPLED SECURITY | 28.421 | AUD | 229.205,07 | 244.847,92 | 0,17% |
| Total DOLLAR AUSTRALIEN |  |  | 2.342.371,75 | 2.441.974,35 | 1,70% |
| B3 S.A. - BRASIL BOLSA BALCAO | 24.500 | BRL | 162.467,36 | 238.934,13 | 0,17% |
| BANCO BRADESCO S.A. | 57.984 | BRL | 301.579,86 | 247.615,91 | 0,17% |
| BANCO DO BRASIL S.A. | 11.300 | BRL | 59.014,92 | 68.987,55 | 0,05% |
| CIA ENERGETICA DE MINAS GERAIS CMIG | 12.494 | BRL | 39.359,80 | 28.622,56 | 0,02% |
| COMPANHIA BRASILEIRA DE DISTRIBUICA | 2.600 | BRL | 51.716,78 | 30.703,27 | 0,02% |
| KLABIN S.A. CTF DE DEPOSITO DE ACOES | 12.000 | BRL | 49.024,05 | 49.979,94 | 0,03% |
| LOCALIZA RENT -A- CAR S.A. | 4.975 | BRL | 36.992,10 | 53.974,41 | 0,04% |
| LOJAS RENNER S.A. | 12.107 | BRL | 88.836,95 | 82.944,10 | 0,06% |
| NATURA & CO HLDG S.A. | 9.200 | BRL | 66.691,57 | 75.998,96 | 0,05% |
| TELEFONICA BRASIL S.A. | 6.100 | BRL | 69.444,70 | 44.631,69 | 0,03% |
| ULTRAPAR PARTICIPACOES S.A. | 15.000 | BRL | 107.002,14 | 56.031,53 | 0,04% |
| WEG S.A. | 10.400 | BRL | 47.838,18 | 123.942,19 | 0,09% |
| Total REAL BRÉSILIEN |  |  | 1.079.968,41 | 1.102.366,24 | 0,77% |
| AGNICO EAGLE MINES LTD | 3.100 | CAD | 141.889,22 | 178.168,46 | 0,12% |
| BANK OF MONTREAL | 7.432 | CAD | 460.271,94 | 461.424,79 | 0,32% |
| BANK OF NOVA SCOTIA | 13.900 | CAD | 645.225,17 | 613.497,56 | 0,43% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BLACKBERRY LTD | 9.000 | CAD | 44.492,55 | 48.729,79 | 0,03% |
| --- | --- | --- | --- | --- | --- |
| CANADIAN NATIONAL RAILWAY CO. | 8.100 | CAD | 587.038,49 | 727.170,90 | 0,51% |
| CANADIAN TIRE CORP. LTD | 700 | CAD | 66.859,38 | 75.141,78 | 0,05% |
| CGI INC. | 2.300 | CAD | 125.289,24 | 149.010,14 | 0,10% |
| FORTIS INC. | 6.000 | CAD | 206.410,16 | 200.153,96 | 0,14% |
| FRANCO-NEVADA CORP. | 2.400 | CAD | 212.701,93 | 245.727,48 | 0,17% |
| GILDAN ACTIVEWEAR INC. | 2.900 | CAD | 87.044,48 | 66.211,83 | 0,05% |
| INTACT FINANCIAL CORP. | 1.900 | CAD | 164.154,21 | 183.710,55 | 0,13% |
| MAGNA INTERNATIONAL INC. | 2.759 | CAD | 127.020,04 | 159.490,31 | 0,11% |
| MANULIFE FINANCIAL CORP. | 21.700 | CAD | 243.908,37 | 315.309,85 | 0,22% |
| METRO INC. | 2.440 | CAD | 84.203,92 | 88.909,42 | 0,06% |
| OPEN TEXT CORP. | 3.200 | CAD | 107.175,28 | 118.737,49 | 0,08% |
| ROGERS COMMUNICATIONS INC. | 3.600 | CAD | 157.653,55 | 136.859,12 | 0,10% |
| WHEATON PRECIOUS METALS CORP. | 4.400 | CAD | 142.271,86 | 150.053,89 | 0,10% |
| WSP GLOBAL INC. | 1.200 | CAD | 66.517,85 | 92.832,95 | 0,06% |
| Total DOLLAR CANADIEN |  |  | 3.670.127,64 | 4.011.140,27 | 2,79% |
| ALCON S.A. | 6.000 | CHF | 321.444,90 | 326.420,42 | 0,23% |
| GIVAUDAN A.G. | 101 | CHF | 222.529,09 | 348.324,16 | 0,24% |
| KUEHNE + NAGEL INTERNATIONAL A.G. | 560 | CHF | 86.534,81 | 103.969,30 | 0,07% |
| LONZA GROUP A.G. -REG- | 870 | CHF | 231.323,13 | 457.543,34 | 0,32% |
| ROCHE HLDG A.G. -PARTICIPATION CERTIFICATE- | 8.250 | CHF | 2.055.257,84 | 2.357.033,89 | 1,64% |
| SONOVA HLDG A.G. -REG- | 726 | CHF | 142.364,30 | 154.389,53 | 0,11% |
| SWISSCOM -REG- | 350 | CHF | 151.073,83 | 154.394,16 | 0,11% |
| SWISS RE A.G. | 3.594 | CHF | 285.521,54 | 276.939,54 | 0,19% |
| Total FRANC SUISSE |  |  | 3.496.049,44 | 4.179.014,34 | 2,91% |
| ENEL AMERICAS S.A | 302.279 | CLP | 48.478,01 | 40.338,30 | 0,03% |
| SOCIEDAD QUIMICA Y MINERA DE CHILE | 1.713 | CLP | 73.015,41 | 68.178,53 | 0,05% |
| Total PESO CHILIEN |  |  | 121.493,42 | 108.516,83 | 0,08% |
| CONTEMPORARY AMPEREX TECHNOLOGY CO | 1.800 | CNY | 56.277,07 | 78.981,98 | 0,05% |
| INDUSTRIAL BANK CO LTD -A- | 16.400 | CNY | 33.360,08 | 42.773,88 | 0,03% |
| Total YUAN RENMINBI CHINOIS |  |  | 89.637,15 | 121.755,86 | 0,08% |
| COLOPLAST A/S -B- | 1.499 | DKK | 149.600,84 | 187.207,60 | 0,13% |
| GN STORE NORD | 1.600 | DKK | 77.636,25 | 104.725,63 | 0,07% |
| H. LUNDBECK A-S | 1.500 | DKK | 51.795,96 | 42.077,26 | 0,03% |
| NOVO NORDISK -B- | 20.267 | DKK | 922.160,96 | 1.161.681,15 | 0,81% |
| NOVOZYMES -B- | 2.874 | DKK | 127.598,14 | 134.945,89 | 0,09% |
| ORSTED A/S | 2.315 | DKK | 225.021,69 | 386.743,04 | 0,27% |
| PANDORA A/S | 1.287 | DKK | 106.010,94 | 117.747,42 | 0,08% |
| VESTAS WIND SYSTEMS | 2.186 | DKK | 148.723,50 | 422.753,83 | 0,29% |
| Total COURONNE DANOISE |  |  | 1.808.548,28 | 2.557.881,82 | 1,78% |
| ACCOR | 2.499 | EUR | 63.349,65 | 73.970,40 | 0,05% |
| ADIDAS A.G. | 2.300 | EUR | 504.621,63 | 685.170,00 | 0,48% |
| AKZO NOBEL N.V. - ORDSHR | 2.494 | EUR | 199.009,26 | 219.122,84 | 0,15% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ALLIANZ A.G. -REG- | 4.778 | EUR | 853.918,02 | 958.944,60 | 0,67% |
| --- | --- | --- | --- | --- | --- |
| AMUNDI S.A. | 800 | EUR | 53.560,00 | 53.440,00 | 0,04% |
| ASML HOLDING NV | 5.020 | EUR | 1.130.789,78 | 1.995.701,00 | 1,39% |
| AXA | 22.100 | EUR | 462.533,84 | 431.215,20 | 0,30% |
| BANCO BILBAO VIZCAYA | 76.735 | EUR | 404.856,80 | 309.625,73 | 0,22% |
| BEIERSDORF A.G. | 1.000 | EUR | 101.609,55 | 94.440,00 | 0,07% |
| CARREFOUR S.A. | 8.135 | EUR | 110.863,68 | 114.134,05 | 0,08% |
| CRH PLC. | 9.949 | EUR | 291.533,71 | 338.464,98 | 0,24% |
| DANONE | 6.900 | EUR | 441.564,99 | 370.944,00 | 0,26% |
| DEUTSCHE BOERSE A.G. | 2.500 | EUR | 324.069,99 | 348.125,00 | 0,24% |
| ELIA GROUP | 500 | EUR | 46.800,00 | 48.750,00 | 0,03% |
| ELISA -A- | 1.276 | EUR | 64.367,88 | 57.254,12 | 0,04% |
| ERSTE GROUP BANK A.G. | 3.684 | EUR | 72.814,26 | 91.878,96 | 0,06% |
| GECINA | 392 | EUR | 56.227,45 | 49.509,60 | 0,03% |
| GETLINK SE | 5.195 | EUR | 68.216,83 | 73.665,10 | 0,05% |
| HENKEL | 2.200 | EUR | 198.027,63 | 203.060,00 | 0,14% |
| HENKEL | 1.100 | EUR | 99.574,93 | 86.735,00 | 0,06% |
| INDUSTRIA DE DISENO TEXTIL S.A. | 12.432 | EUR | 361.707,82 | 323.729,28 | 0,23% |
| INTESA SAN PAOLO SpA | 185.152 | EUR | 407.533,17 | 354.121,72 | 0,25% |
| JERONIMO MARTINS SGPS S.A. | 3.000 | EUR | 45.699,70 | 41.460,00 | 0,03% |
| KBC GROUP S.A. | 2.913 | EUR | 182.608,79 | 166.856,64 | 0,12% |
| KERRY GROUP PLC | 1.725 | EUR | 158.880,62 | 204.412,50 | 0,14% |
| KONINKLIJKE DSM N.V. | 1.900 | EUR | 214.150,57 | 267.520,00 | 0,19% |
| KONINKLIJKE VOPAK | 1.000 | EUR | 42.210,00 | 42.990,00 | 0,03% |
| L'OREAL | 3.100 | EUR | 704.067,56 | 963.480,00 | 0,67% |
| LINDE PLC | 6.025 | EUR | 970.323,82 | 1.283.325,00 | 0,89% |
| MERCK KGAA | 1.722 | EUR | 161.790,90 | 241.682,70 | 0,17% |
| MICHELIN -B- | 1.685 | EUR | 171.659,68 | 176.840,75 | 0,12% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT A.G. | 1.494 | EUR | 303.292,28 | 362.743,20 | 0,25% |
| NATIXIS | 11.137 | EUR | 61.393,41 | 31.061,09 | 0,02% |
| NEPI ROCKCASTLE PLC | 3.754 | EUR | 41.482,02 | 19.145,40 | 0,01% |
| NESTE CORP. | 4.594 | EUR | 105.881,67 | 271.781,04 | 0,19% |
| ORANGE | 22.821 | EUR | 291.359,63 | 222.139,61 | 0,15% |
| ORION CORP. (NEW) -B- | 1.133 | EUR | 29.129,43 | 42.521,49 | 0,03% |
| RED ELECTRICA CORPORACION S.A. | 6.000 | EUR | 107.682,93 | 100.650,00 | 0,07% |
| SAP A.G. | 12.041 | EUR | 1.232.441,87 | 1.291.036,02 | 0,90% |
| SARTORIUS VZ | 367 | EUR | 79.751,29 | 126.101,20 | 0,09% |
| SCHNEIDER ELECTRIC SE | 6.480 | EUR | 532.707,71 | 766.584,00 | 0,53% |
| SEB S.A. | 299 | EUR | 36.896,60 | 44.551,00 | 0,03% |
| SIEMENS -NOM- | 8.760 | EUR | 930.807,97 | 1.029.475,20 | 0,72% |
| SNAM SpA | 27.000 | EUR | 127.461,00 | 124.227,00 | 0,09% |
| TERNA SpA | 13.000 | EUR | 81.536,00 | 81.250,00 | 0,06% |
| UMICORE S.A. | 2.402 | EUR | 85.541,84 | 94.374,58 | 0,07% |
| UNIBAIL RODAMCO WESTFIELD | 1.800 | EUR | 348.714,67 | 116.244,00 | 0,08% |
| UPM-KYMMENE CORP. | 6.722 | EUR | 165.411,53 | 204.819,34 | 0,14% |
| VALEO S.A. | 3.400 | EUR | 90.751,91 | 109.752,00 | 0,08% |
| VERBUND A.G. | 1.000 | EUR | 56.500,00 | 69.850,00 | 0,05% |
| WARTSILA CORP. -B- | 6.500 | EUR | 92.229,10 | 52.975,00 | 0,04% |
| WOLTERS KLUWER N.V. | 3.501 | EUR | 249.143,68 | 241.779,06 | 0,17% |
| Total EURO |  |  | 14.019.059,05 | 16.073.629,40 | 11,18% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ASSOCIATED BRITISH FOODS PLC | 4.698 | GBP | 95.336,91 | 118.827,75 | 0,08% |
| --- | --- | --- | --- | --- | --- |
| BARRATT DEVELOPMENT | 14.489 | GBP | 94.030,80 | 108.453,02 | 0,08% |
| BERKELEY GROUP HLDG -UNITS- | 1.900 | GBP | 89.108,38 | 100.656,91 | 0,07% |
| BRITISH LAND CO PLC | 11.610 | GBP | 52.696,87 | 63.426,32 | 0,04% |
| BURBERRY GROUP PLC | 3.500 | GBP | 71.872,34 | 69.972,63 | 0,05% |
| COCA-COLA HBC A.G. | 2.700 | GBP | 76.024,17 | 71.700,37 | 0,05% |
| COMPASS GROUP PLC | 20.024 | GBP | 269.273,41 | 304.912,43 | 0,21% |
| CRODA INTERNATIONAL PLC | 1.562 | GBP | 82.631,68 | 115.103,92 | 0,08% |
| DCC PLC | 853 | GBP | 60.826,07 | 49.344,59 | 0,03% |
| FERGUSON NEWCO PLC | 2.965 | GBP | 206.373,55 | 294.280,64 | 0,20% |
| INTERCONTINENTAL A.G.HOTELS GROUP PLC | 1.639 | GBP | 93.318,40 | 85.877,67 | 0,06% |
| J.SAINSBURY PLC | 23.000 | GBP | 73.919,30 | 57.943,25 | 0,04% |
| JD SPORTS FASHION PLC | 5.776 | GBP | 42.379,43 | 55.495,03 | 0,04% |
| JOHNSON MATTHEY PLC | 2.601 | GBP | 96.361,02 | 70.466,15 | 0,05% |
| KINGFISHER PLC | 26.104 | GBP | 106.625,41 | 78.857,36 | 0,05% |
| MONDI PLC | 5.631 | GBP | 108.978,01 | 108.172,33 | 0,08% |
| NATIONAL GRID PLC | 39.330 | GBP | 438.538,74 | 380.074,29 | 0,26% |
| RELX PLC | 21.308 | GBP | 399.699,94 | 426.707,52 | 0,30% |
| SCHRODERS PLC -NEW- | 1.859 | GBP | 67.837,30 | 69.304,92 | 0,05% |
| SEGRO PLC -REIT- | 15.767 | GBP | 139.549,56 | 166.917,76 | 0,12% |
| TAYLOR WIMPEY PLC | 35.181 | GBP | 59.554,71 | 65.166,01 | 0,05% |
| UNILEVER PLC | 31.073 | GBP | 1.525.471,71 | 1.524.663,34 | 1,06% |
| WM MORRISON SUPERMARKETS PLC | 35.000 | GBP | 84.745,39 | 69.347,00 | 0,05% |
| WPP PLC | 12.562 | GBP | 130.401,33 | 112.273,49 | 0,08% |
| Total LIVRE STERLING |  |  | 4.465.554,43 | 4.567.944,70 | 3,18% |
| A-LIVING SMART CITY SERVICES CO LTD | 8.000 | HKD | 32.839,17 | 29.007,35 | 0,02% |
| BOC HONG KONG LTD | 43.860 | HKD | 147.782,68 | 108.641,60 | 0,08% |
| BYD CO LTD -H- | 10.000 | HKD | 98.436,53 | 214.182,19 | 0,15% |
| CHINA EVERBRIGHT ENVIRONMENT GROUP | 50.000 | HKD | 45.240,92 | 23.083,61 | 0,02% |
| CHINA LESSO GROUP HLDG LTD | 30.000 | HKD | 44.833,41 | 38.388,36 | 0,03% |
| CHINA MINSHENG BANKING CORP. -H- | 131.000 | HKD | 99.004,42 | 61.031,38 | 0,04% |
| COUNTRY GARDEN SERVICES HLDG CO | 13.000 | HKD | 23.224,73 | 71.870,14 | 0,05% |
| FOSUN INTERNATIONAL LTD | 40.000 | HKD | 48.071,80 | 51.353,13 | 0,04% |
| GEELY AUTOMOBILE | 80.000 | HKD | 120.027,96 | 223.457,80 | 0,16% |
| GENSCRIPT BIOTECH CORP. | 20.000 | HKD | 36.939,49 | 23.779,28 | 0,02% |
| GUANGZHOU AUTOMOBILE GROUP CO LTD | 28.000 | HKD | 37.874,53 | 25.440,46 | 0,02% |
| HANG SENG BANK LTD | 11.000 | HKD | 191.828,09 | 155.018,58 | 0,11% |
| HONG KONG EXCHANGES & CLEARING | 13.800 | HKD | 400.753,24 | 618.198,11 | 0,43% |
| MEITUAN DIANPING B | 42.700 | HKD | 770.200,74 | 1.325.929,01 | 0,92% |
| MICROPORT SCIENTIFIC CORP. | 15.000 | HKD | 54.179,11 | 66.325,86 | 0,05% |
| MTR CORP. LTD | 22.818 | HKD | 116.815,15 | 104.262,07 | 0,07% |
| SHANGHAI PHARMACEUTICAL HLDG CO -H- | 16.000 | HKD | 36.021,47 | 23.037,23 | 0,02% |
| SHENZHOU INTERNATIONAL GROUP LTD | 10.500 | HKD | 88.292,11 | 168.225,78 | 0,12% |
| SWIRE PACIFIC LTD | 6.500 | HKD | 64.677,68 | 29.460,59 | 0,02% |
| SWIRE PROPERTIES LTD | 10.000 | HKD | 29.047,06 | 23.768,74 | 0,02% |
| WUXI APPTEC CO LTD -H- | 4.200 | HKD | 41.719,46 | 67.201,77 | 0,05% |
| WUXI BIOLOGICS CAYMAN INC. | 38.000 | HKD | 209.766,35 | 411.752,62 | 0,29% |
| Total DOLLAR DE HONG-KONG |  |  | 2.737.576,10 | 3.863.415,66 | 2,69% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BANK CENTRAL ASIA TBK | 102.800 | IDR | 204.012,13 | 202.420,13 | 0,14% |
| --- | --- | --- | --- | --- | --- |
| BANK MANDIRI PT TBK | 300.000 | IDR | 117.837,92 | 110.378,30 | 0,08% |
| BANK RAKYAT INDONESIA -B- | 732.000 | IDR | 132.539,53 | 177.561,60 | 0,12% |
| PT BANK NEGARA INDONESIA | 5.100 | IDR | 2.061,54 | 1.831,93 | 0,00% |
| Total ROUPIE INDOÉSIENNE |  |  | 456.451,12 | 492.191,96 | 0,34% |
| ASIAN PAINTS LTD | 5.000 | INR | 123.227,58 | 154.611,07 | 0,11% |
| DABUR INDIA -DIS- | 8.000 | INR | 45.628,36 | 47.784,30 | 0,03% |
| EICHER MOTORS LTD | 2.000 | INR | 57.485,64 | 56.618,58 | 0,04% |
| HERO MOTOCORP LTD | 1.700 | INR | 58.193,26 | 59.137,54 | 0,04% |
| HINDUSTAN UNILEVER LTD | 9.900 | INR | 243.850,92 | 265.257,22 | 0,18% |
| HOUSING DEVELOPMENT FINANCE CORP. | 21.300 | INR | 553.761,55 | 609.599,31 | 0,42% |
| MAHINDRA-MAHINDRA LTD | 8.500 | INR | 60.764,01 | 68.512,08 | 0,05% |
| MARICO LTD DEMATERIALSED | 8.000 | INR | 36.637,04 | 36.030,61 | 0,03% |
| NESTLE INDIA LTD | 300 | INR | 57.253,48 | 61.711,04 | 0,04% |
| TITAN CO LTD | 4.000 | INR | 58.450,10 | 70.117,20 | 0,05% |
| Total ROUPIE INDIENNE |  |  | 1.295.251,94 | 1.429.378,95 | 0,99% |
| AEON CO LTD | 7.100 | JPY | 132.670,65 | 190.250,66 | 0,13% |
| AJINOMOTO | 6.500 | JPY | 105.685,61 | 120.274,66 | 0,08% |
| ASAHI KASEI CORP. | 17.600 | JPY | 161.206,19 | 146.915,76 | 0,10% |
| ASTELLAS PHARMA | 19.000 | JPY | 242.157,38 | 239.745,83 | 0,17% |
| DAIFUKU | 1.400 | JPY | 108.799,62 | 141.412,52 | 0,10% |
| DAI-ICHI LIFE HLDG INC. | 14.200 | JPY | 167.438,19 | 174.457,32 | 0,12% |
| DAIICHI SANKYO CO LTD | 20.300 | JPY | 575.635,14 | 568.060,51 | 0,40% |
| DAIKIN INDUSTRIES | 2.800 | JPY | 309.075,55 | 508.021,15 | 0,35% |
| DAIWA HOUSE INDUSTRY CO LTD | 5.900 | JPY | 162.773,48 | 143.103,39 | 0,10% |
| DENSO CORP. | 5.400 | JPY | 206.885,53 | 262.208,45 | 0,18% |
| EISAI CO LTD | 3.200 | JPY | 187.541,05 | 186.743,05 | 0,13% |
| FUJITSU LTD | 2.500 | JPY | 177.405,35 | 294.972,23 | 0,21% |
| HANKYU HANSHIN HLDG INC. | 3.600 | JPY | 123.635,89 | 97.747,52 | 0,07% |
| HITACHI METALS LTD | 3.700 | JPY | 41.432,57 | 45.867,24 | 0,03% |
| HONDA MOTOR | 17.800 | JPY | 443.531,57 | 405.456,70 | 0,28% |
| KANZAI PAINT CO LTD | 2.700 | JPY | 56.124,69 | 67.860,44 | 0,05% |
| KAO CORP. | 5.600 | JPY | 340.918,94 | 353.309,65 | 0,25% |
| KDDI CORP. | 18.700 | JPY | 459.229,47 | 453.861,04 | 0,32% |
| KEIO CORP. | 1.400 | JPY | 53.744,34 | 88.659,89 | 0,06% |
| KIKKOMAN CORP. | 1.200 | JPY | 50.368,71 | 68.109,79 | 0,05% |
| KOBE BUSSAN CO LTD | 1.600 | JPY | 37.517,40 | 40.276,92 | 0,03% |
| KOMATSU | 9.341 | JPY | 216.213,28 | 208.337,02 | 0,14% |
| KYUSHU RAILWAY CO | 1.700 | JPY | 46.800,05 | 29.942,50 | 0,02% |
| MITSUI CHEMICALS INC. | 2.400 | JPY | 45.182,24 | 57.470,60 | 0,04% |
| MIURA CO LTD | 1.200 | JPY | 46.392,48 | 54.715,82 | 0,04% |
| MS & AD INSURANCE GROUP HLDG | 5.900 | JPY | 156.940,21 | 146.699,66 | 0,10% |
| MURATA MANUFACTURING CO LTD | 7.000 | JPY | 334.726,92 | 516.443,84 | 0,36% |
| NGK INSULATORS | 4.500 | JPY | 61.371,40 | 56.710,66 | 0,04% |
| NINTENDO CO LTD | 1.300 | JPY | 589.368,30 | 677.448,61 | 0,47% |
| NIPPON EXPRESS CO LTD | 1.000 | JPY | 56.516,54 | 54.858,30 | 0,04% |
| NIPPON PAINT CO LTD | 1.900 | JPY | 119.922,88 | 170.409,05 | 0,12% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| NITTO DENKO CORP. | 1.585 | JPY | 101.603,95 | 115.808,41 | 0,08% |
| --- | --- | --- | --- | --- | --- |
| NOMURA REAL ESTATE MASTER FUND INC. | 56 | JPY | 62.360,91 | 65.431,00 | 0,05% |
| NOMURA RESEARCH INSTITUTE LTD | 4.200 | JPY | 100.530,49 | 122.849,35 | 0,09% |
| ODAKYU ELECTRIC RAILWAY CO LTD | 3.900 | JPY | 88.138,15 | 100.027,35 | 0,07% |
| OMRON CORP. | 1.900 | JPY | 98.157,26 | 138.372,75 | 0,10% |
| PANASONIC CORP. | 24.000 | JPY | 222.246,00 | 226.177,70 | 0,16% |
| RAKUTEN INC. | 12.700 | JPY | 117.159,48 | 99.930,77 | 0,07% |
| RESONA HLDG INC. | 27.600 | JPY | 89.955,01 | 78.741,38 | 0,05% |
| SCSK CORP. | 700 | JPY | 31.003,96 | 32.693,33 | 0,02% |
| SEKISUI CHEMICAL | 2.500 | JPY | 36.538,57 | 38.669,96 | 0,03% |
| SEKISUI HOUSE LTD | 9.000 | JPY | 140.023,88 | 149.613,56 | 0,10% |
| SG HLDG CO. LTD. | 4.200 | JPY | 62.037,33 | 93.491,85 | 0,07% |
| SHIMIZU CORP. | 6.000 | JPY | 52.006,11 | 35.622,28 | 0,02% |
| SHIONOGI CO | 3.600 | JPY | 192.458,19 | 160.585,22 | 0,11% |
| SOMPO HLDG INC. | 3.900 | JPY | 126.539,55 | 128.831,52 | 0,09% |
| SONY CORP. | 14.300 | JPY | 662.286,67 | 1.164.258,67 | 0,81% |
| STANLEY ELECTRIC CO LTD | 2.100 | JPY | 61.920,05 | 55.273,90 | 0,04% |
| SUMITOMO CHEMICAL | 10.000 | JPY | 40.731,88 | 32.851,65 | 0,02% |
| SUMITOMO METAL MINING CO LTD | 2.200 | JPY | 63.072,87 | 79.744,82 | 0,06% |
| SUMITOMO MITSUI TRUST HLDG | 3.200 | JPY | 104.363,56 | 80.477,85 | 0,06% |
| SUNTORY BEVERAGE & FOOD LTD | 2.300 | JPY | 91.982,71 | 66.455,33 | 0,05% |
| SYSMEX CORP. | 2.100 | JPY | 148.372,73 | 206.134,24 | 0,14% |
| TEIJIN LTD | 1.500 | JPY | 29.038,93 | 23.035,74 | 0,02% |
| TOKYO ELECTRON | 1.700 | JPY | 249.883,21 | 516.760,48 | 0,36% |
| TOKYU CORP. | 6.000 | JPY | 76.837,80 | 60.842,85 | 0,04% |
| TORAY INDUSTRIES | 20.100 | JPY | 153.771,00 | 97.202,03 | 0,07% |
| WEST JAPAN RAILWAY CO | 2.100 | JPY | 122.680,37 | 89.751,51 | 0,06% |
| YAMAHA CORP. | 1.500 | JPY | 69.561,66 | 72.075,74 | 0,05% |
| YASKAWA ELECTRIC CORP. | 2.300 | JPY | 63.476,63 | 93.401,61 | 0,06% |
| YOKOGAWA ELECTRIC | 3.000 | JPY | 46.650,54 | 48.778,77 | 0,03% |
| Total YEN JAPONAIS |  |  | 9.322.601,07 | 10.844.242,40 | 7,54% |
| AMOREPACIFIC CORP. | 468 | KRW | 72.915,38 | 72.533,99 | 0,05% |
| COWAY CO LTD | 500 | KRW | 38.654,47 | 27.348,46 | 0,02% |
| HANKOOK TIRE & TECHNOLOGY CO LTD | 1.000 | KRW | 44.178,50 | 29.643,17 | 0,02% |
| HYUNDAI FIRE & MARINE INSURANCE CO | 1.300 | KRW | 42.495,89 | 22.251,19 | 0,02% |
| KB FINANCIAL GROUP INC. | 3.690 | KRW | 133.683,64 | 120.488,22 | 0,08% |
| LG CHEM LTD | 512 | KRW | 152.451,25 | 317.413,69 | 0,22% |
| LG CORP. | 1.000 | KRW | 56.496,69 | 65.831,92 | 0,05% |
| LG ELECTRONICS INC. | 1.600 | KRW | 80.873,59 | 162.510,80 | 0,11% |
| LG HOUSEHOLD & HEALTHCARE LTD | 142 | KRW | 134.734,18 | 173.074,01 | 0,12% |
| NAVER CORP. | 1.410 | KRW | 190.325,50 | 310.294,07 | 0,22% |
| SAMSUNG FIRE & MARINE INSURANCE CO LTD | 514 | KRW | 108.820,01 | 72.509,16 | 0,05% |
| SHINHAN FINANCIAL GROUP CO LTD | 6.328 | KRW | 218.486,32 | 152.588,92 | 0,11% |
| S-OIL CORP. | 500 | KRW | 42.208,57 | 26.031,82 | 0,02% |
| WOORI FINANCIAL GROUP INC. | 3.000 | KRW | 22.239,35 | 21.961,53 | 0,02% |
| Total WON SUD CORÉEN |  |  | 1.338.563,34 | 1.574.480,95 | 1,10% |
| ARCA CONTINENTAL A.G.S.A.B. DE CV | 6.000 | MXN | 34.726,83 | 23.547,31 | 0,02% |
| COCA-COLA FEMSA S.A.B. DE CV | 6.000 | MXN | 30.756,34 | 22.521,06 | 0,02% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| FOMENTO ECONOMICO MEXICANO | 28.100 | MXN | 235.762,97 | 173.280,56 | 0,12% |
| --- | --- | --- | --- | --- | --- |
| INDUSTRIAS PENOLES S.A.B. DE CV | 2.400 | MXN | 35.742,61 | 33.153,28 | 0,02% |
| INFRAESTRUCTURA ENERGETICA NOVA SAB | 9.000 | MXN | 37.961,31 | 28.635,53 | 0,02% |
| Total NOUVEAU PESO MEXICAIN |  |  | 374.950,06 | 281.137,74 | 0,20% |
| AXIATA GROUP | 55.000 | MYR | 61.179,87 | 41.794,08 | 0,03% |
| CIMB GROUP HLDG BERHAD | 100.097 | MYR | 108.271,69 | 87.452,04 | 0,06% |
| DIGI.COM BERHAD | 50.000 | MYR | 53.921,87 | 42.058,21 | 0,03% |
| HARTALEGA HLDG BERHAD | 25.000 | MYR | 35.994,18 | 61.665,06 | 0,04% |
| MALAYAN BANKING BERHAD MAYBANK | 59.894 | MYR | 112.795,76 | 102.951,84 | 0,07% |
| MAXIS BERHAD | 35.000 | MYR | 42.563,86 | 35.912,02 | 0,02% |
| NESTLE (MALAYSIA) BERHAD | 1.000 | MYR | 31.619,62 | 28.221,67 | 0,02% |
| PUBLIC BANK BERHAD | 37.000 | MYR | 165.159,70 | 154.863,62 | 0,11% |
| SUPERMAX CORP. BERHAD | 30.000 | MYR | 56.152,05 | 36.633,31 | 0,03% |
| TOP GLOVE CORP. BERHAD | 66.900 | MYR | 61.572,80 | 83.187,48 | 0,06% |
| Total RINGGIT DE MALAISIE |  |  | 729.231,40 | 674.739,33 | 0,47% |
| MOWI ASA | 6.699 | NOK | 126.147,25 | 122.137,17 | 0,08% |
| ORKLA ASA | 11.102 | NOK | 92.291,98 | 92.198,74 | 0,06% |
| TELENOR AS | 6.231 | NOK | 101.038,15 | 86.779,58 | 0,06% |
| Total COURONNE NORVÉGIENNE |  |  | 319.477,38 | 301.115,49 | 0,21% |
| AUCKLAND INTERNATIONAL AIRPORT LTD | 20.000 | NZD | 84.082,49 | 89.207,96 | 0,06% |
| FISH & PAYK HEALTH CORP. LTD | 7.294 | NZD | 129.409,81 | 141.510,64 | 0,10% |
| MERIDIAN ENERGY LTD | 20.000 | NZD | 37.128,01 | 87.324,94 | 0,06% |
| RYMAN HEALTHCARE LTD | 5.000 | NZD | 37.034,91 | 44.692,24 | 0,03% |
| Total DOLLAR NEO-ZÉLANDAIS |  |  | 287.655,22 | 362.735,78 | 0,25% |
| BDO UNIBANK INC. | 29.489 | PHP | 67.133,10 | 53.598,89 | 0,04% |
| SM PRIME HLDG INC. | 140.000 | PHP | 87.441,91 | 91.730,39 | 0,06% |
| Total PESO PHILIPPIN |  |  | 154.575,01 | 145.329,28 | 0,10% |
| SANTANDER BANK POLSKA S.A. | 600 | PLN | 45.053,14 | 24.439,84 | 0,02% |
| Total ZLOTY POLONAIS |  |  | 45.053,14 | 24.439,84 | 0,02% |
| QATAR FUEL Q.S.C. | 6.500 | QAR | 37.344,66 | 27.255,08 | 0,02% |
| QATAR NATIONAL BANK | 57.687 | QAR | 241.236,18 | 230.880,08 | 0,16% |
| Total RIYAL DU QATAR |  |  | 278.580,84 | 258.135,16 | 0,18% |
| BOLIDEN AB | 2.678 | SEK | 70.470,52 | 77.660,27 | 0,05% |
| ELECTROLUX -B- | 3.300 | SEK | 64.339,99 | 62.840,72 | 0,04% |
| ESSITY -B- | 7.950 | SEK | 204.671,75 | 209.262,58 | 0,15% |
| HUSQVARNA AB -B- | 5.511 | SEK | 36.229,12 | 58.408,87 | 0,04% |
| ICA GRUPPEN AB | 1.400 | SEK | 48.330,11 | 57.248,35 | 0,04% |
| SKANDINAVISKA ENSKILDA BANKEN -A- | 16.000 | SEK | 134.041,13 | 134.547,44 | 0,09% |
| SVENSKA CELLULOSA -B-FRIA | 7.990 | SEK | 89.110,63 | 113.944,07 | 0,08% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| SVENSKA HANDELSBANKEN AB -A- | 19.518 | SEK | 165.915,67 | 160.440,54 | 0,11% |
| --- | --- | --- | --- | --- | --- |
| TELE2 AK | 6.240 | SEK | 64.803,41 | 67.439,32 | 0,05% |
| TELIA CO AB | 31.210 | SEK | 118.690,03 | 105.477,59 | 0,07% |
| Total COURONNE SUÉDOISE |  |  | 996.602,36 | 1.047.269,75 | 0,73% |
| CAPITALAND LTD | 36.518 | SGD | 82.578,93 | 74.070,27 | 0,05% |
| CITY DEVELOPMENTS LTD | 4.000 | SGD | 23.079,71 | 19.714,30 | 0,01% |
| DBS GROUP HLDG LTD | 19.800 | SGD | 271.683,75 | 306.593,28 | 0,21% |
| SINGAPORE EXCHANGE LTD | 9.900 | SGD | 50.428,89 | 56.812,81 | 0,04% |
| Total DOLLAR DE SINGAPOUR |  |  | 427.771,28 | 457.190,66 | 0,32% |
| ADVANCED INFO SERVICE -FOREIGN- | 16.000 | THB | 76.404,52 | 76.819,10 | 0,05% |
| BANGKOK DUSIT MEDICAL SERVICES -FOREIGN- | 140.000 | THB | 100.441,70 | 79.437,93 | 0,06% |
| CENTRAL PATTANA PUBLIC CO LTD -FOREIGN | 35.000 | THB | 73.511,08 | 45.590,88 | 0,03% |
| INTOUCH HLDG PUBLIC CO LTD -FOREIGN- | 40.000 | THB | 75.043,22 | 61.378,90 | 0,04% |
| KASIKORNBANK PCL -FOREIGN- | 25.000 | THB | 124.851,15 | 77.746,60 | 0,05% |
| MINOR INTERNATIONAL PUBLIC -FOREIGN- | 65.000 | THB | 68.827,74 | 45.659,08 | 0,03% |
| SIAM CEMENT PUBLIC CO LTD FOREIGN | 10.000 | THB | 123.651,16 | 103.116,55 | 0,07% |
| THAI OIL PUBLIC CO LTD -FOREIGN- | 15.500 | THB | 40.136,22 | 21.987,29 | 0,02% |
| Total BAHT THAÏLANDAIS |  |  | 682.866,79 | 511.736,33 | 0,36% |
| CHAILEASE HLDG CO LTD | 18.695 | TWD | 80.908,25 | 91.356,14 | 0,06% |
| CHINA STEEL CORP. | 116.000 | TWD | 81.072,85 | 83.509,55 | 0,06% |
| CHUNGHWA TELECOM CO LTD | 52.130 | TWD | 164.373,79 | 165.278,82 | 0,11% |
| CTBC FINANCIAL HLDG | 231.000 | TWD | 138.842,61 | 132.367,44 | 0,09% |
| E.SUN FINANCIAL HLDG CO LTD | 137.133 | TWD | 83.553,92 | 101.914,47 | 0,07% |
| FAR EASTERN NEW CENTURY CORP. | 50.000 | TWD | 38.960,85 | 42.103,82 | 0,03% |
| FAR EASTONE TELECOMMUNICATION | 12.000 | TWD | 25.220,03 | 21.361,69 | 0,01% |
| FIRST FINANCIAL HLDG CO | 134.930 | TWD | 90.183,15 | 83.793,31 | 0,06% |
| HIWIN TECHNOLOGIES CORP. | 5.000 | TWD | 44.855,43 | 55.920,28 | 0,04% |
| HOTAI MOTOR CO LTD | 4.000 | TWD | 55.142,93 | 74.812,46 | 0,05% |
| PRESIDENT CHAIN STORE CORP. | 7.500 | TWD | 57.887,05 | 58.138,18 | 0,04% |
| TAISHIN FINANCIAL | 132.193 | TWD | 48.701,31 | 50.948,02 | 0,04% |
| TAIWAN BUSINESS BANK | 87.990 | TWD | 17.866,92 | 24.902,85 | 0,02% |
| TAIWAN MOBILE CO LTD | 24.000 | TWD | 73.143,02 | 69.041,55 | 0,05% |
| TAIWAN SEMICONDUCTOR MANUFACTURING | 293.221 | TWD | 2.336.165,63 | 4.520.369,23 | 3,14% |
| UNI-PRESIDENT ENTERPRISES CORP. | 48.000 | TWD | 94.723,36 | 94.242,76 | 0,07% |
| Total DOLLAR TAIWANAIS |  |  | 3.431.601,10 | 5.670.060,57 | 3,94% |
| ABIOMED INC. | 600 | USD | 121.514,17 | 158.980,02 | 0,11% |
| ACCENTURE PLC -A- | 7.300 | USD | 1.084.988,34 | 1.558.443,06 | 1,08% |
| AGILENT TECHNOLOGIES INC. | 3.500 | USD | 232.749,65 | 338.944,06 | 0,24% |
| ALLEGION PLC | 1.300 | USD | 94.723,67 | 123.651,67 | 0,09% |
| ALLY FINANCIAL INC. | 5.800 | USD | 150.602,33 | 169.039,27 | 0,12% |
| AMERICAN EXPRESS COMPANY | 8.250 | USD | 726.976,58 | 815.256,83 | 0,57% |
| AMERICAN TOWER CORP. | 5.128 | USD | 834.028,10 | 940.730,56 | 0,65% |
| AMERISOURCEBERGEN CORP. | 2.100 | USD | 160.531,15 | 167.787,18 | 0,12% |
| AMGEN INC. | 6.723 | USD | 1.231.346,59 | 1.263.333,87 | 0,88% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| APTIV PLC | 3.000 | USD | 219.008,87 | 319.455,68 | 0,22% |
| --- | --- | --- | --- | --- | --- |
| AXALTA COATING SYSTEMS LTD | 2.800 | USD | 66.626,20 | 65.334,48 | 0,05% |
| BAKER HUGHES-A GE CO | 9.100 | USD | 228.286,83 | 155.069,27 | 0,11% |
| BALL CORP. | 4.200 | USD | 267.671,52 | 319.852,89 | 0,22% |
| BECTON DICKINSON | 3.300 | USD | 646.742,19 | 674.860,86 | 0,47% |
| BEST BUY CO INC. | 2.500 | USD | 132.335,99 | 203.894,41 | 0,14% |
| BIOGEN INC. | 1.800 | USD | 438.567,15 | 360.220,67 | 0,25% |
| BLACKROCK INC. | 1.750 | USD | 772.971,09 | 1.031.992,97 | 0,72% |
| BNY MELLON CORP. | 10.100 | USD | 412.563,38 | 350.328,14 | 0,24% |
| BORGWARNER INC. | 2.700 | USD | 78.517,48 | 85.266,64 | 0,06% |
| BOSTON PROPERTIES INC. | 1.500 | USD | 168.631,15 | 115.888,19 | 0,08% |
| BUNGE LTD | 2.300 | USD | 122.107,43 | 123.275,71 | 0,09% |
| C.H. ROBINSON WORLDWIDE INC. | 1.600 | USD | 120.822,59 | 122.751,01 | 0,09% |
| CABLE ONE INC. | 70 | USD | 119.472,03 | 127.449,14 | 0,09% |
| CAMPBELL SOUP COMPANY | 1.900 | USD | 89.125,37 | 75.080,71 | 0,05% |
| CARDINAL HEALTH INC. | 3.721 | USD | 204.319,20 | 162.884,03 | 0,11% |
| CATERPILLAR INC. | 6.400 | USD | 730.455,48 | 952.088,59 | 0,66% |
| CB RICHARD ELLIS GROUP INC. -A- | 4.400 | USD | 169.371,18 | 225.546,97 | 0,16% |
| CENTENE CORP. | 6.400 | USD | 334.902,21 | 313.997,79 | 0,22% |
| CENTERPOINT ENERGY INC. | 6.600 | USD | 165.217,41 | 116.729,19 | 0,08% |
| CERNER CORP. | 3.300 | USD | 193.810,62 | 211.666,05 | 0,15% |
| CHARLES SCHWAB CORP. | 17.500 | USD | 629.606,15 | 758.612,23 | 0,53% |
| CHUBB LTD | 5.475 | USD | 667.723,85 | 688.743,41 | 0,48% |
| CIGNA CORP. | 4.200 | USD | 658.056,40 | 714.605,86 | 0,50% |
| CLOROX CY | 1.400 | USD | 198.462,15 | 231.039,19 | 0,16% |
| CME GROUP INC. -A- | 4.039 | USD | 553.097,39 | 600.956,19 | 0,42% |
| COCA-COLA EUROPEAN PARTNERS PLC | 2.500 | USD | 109.684,21 | 101.814,39 | 0,07% |
| COLGATE-PALMOLIVE CO | 9.400 | USD | 564.430,21 | 656.935,97 | 0,46% |
| CONSOLIDATED EDISON INC. | 4.200 | USD | 305.448,08 | 248.076,50 | 0,17% |
| CSX CORP. | 8.651 | USD | 439.576,17 | 641.781,10 | 0,45% |
| CUMMINS INC. | 1.600 | USD | 220.916,05 | 296.971,93 | 0,21% |
| DAVITA INC. | 1.200 | USD | 87.876,62 | 115.140,37 | 0,08% |
| DEERE & CY | 3.400 | USD | 451.151,55 | 747.635,98 | 0,52% |
| DENTSPLY INTERNATIONAL INC. | 2.200 | USD | 103.661,67 | 94.145,72 | 0,07% |
| ECOLAB INC. | 2.902 | USD | 427.114,58 | 513.159,84 | 0,36% |
| EDWARDS LIFESCIENCES CORP. | 7.000 | USD | 339.167,25 | 521.932,08 | 0,36% |
| ELECTRONIC ARTS | 3.200 | USD | 305.411,47 | 375.562,91 | 0,26% |
| EQUINIX INC | 1.016 | USD | 462.965,72 | 593.034,11 | 0,41% |
| EVERSOURCE ENERGY | 3.753 | USD | 224.283,74 | 265.352,48 | 0,18% |
| EXPEDITORS INTERNATIONAL OF WASHINGTON | 2.300 | USD | 150.598,28 | 178.785,50 | 0,12% |
| FACTSET RESEARCH SYSTEMS INC. | 500 | USD | 127.547,87 | 135.875,12 | 0,09% |
| FASTENAL CO | 7.000 | USD | 228.300,45 | 279.359,24 | 0,19% |
| FORTUNE BRANDS HOME SECURITY INC. | 1.600 | USD | 73.843,35 | 112.093,50 | 0,08% |
| FRANKLIN RESOURCES INC. | 4.800 | USD | 114.491,70 | 98.036,04 | 0,07% |
| GENERAL MILLS INC. | 6.900 | USD | 339.608,83 | 331.592,50 | 0,23% |
| GILEAD SCIENCES INC. | 14.400 | USD | 906.413,75 | 685.663,85 | 0,48% |
| HASBRO INC. | 1.600 | USD | 121.959,12 | 122.319,48 | 0,09% |
| HCA HEALTHCARE INC. | 3.100 | USD | 279.455,72 | 416.677,70 | 0,29% |
| HEALTHPEAK PROPERTIES INC. | 6.700 | USD | 149.326,58 | 165.535,53 | 0,12% |
| HENRY SCHEIN INC. | 2.000 | USD | 137.036,97 | 109.288,55 | 0,08% |
| HOLOGIC INC. | 3.300 | USD | 166.152,07 | 196.427,61 | 0,14% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| HOME DEPOT | 12.700 | USD | 2.304.018,39 | 2.757.038,13 | 1,92% |
| --- | --- | --- | --- | --- | --- |
| HUMANA INC. | 1.550 | USD | 564.781,05 | 519.732,34 | 0,36% |
| IDEX CORP. | 1.000 | USD | 135.461,17 | 162.804,95 | 0,11% |
| IDEXX LABORATORIES INC. | 950 | USD | 170.180,50 | 388.113,69 | 0,27% |
| IHS MARKIT LTD | 4.150 | USD | 208.217,45 | 304.682,69 | 0,21% |
| ILLINOIS TOOL WORKS INC. | 3.600 | USD | 499.173,78 | 599.867,60 | 0,42% |
| INTERNATIONAL FLAVORS & FRAGRANCES | 1.000 | USD | 119.487,69 | 88.954,27 | 0,06% |
| INVESCO PLC | 3.600 | USD | 60.540,55 | 51.283,56 | 0,04% |
| IRON MOUNTAIN REIT INC. | 3.700 | USD | 114.157,16 | 89.147,15 | 0,06% |
| JAZZ PHARMACEUTICALS PLC | 800 | USD | 106.474,22 | 107.915,49 | 0,08% |
| JOHNSON CONTROLS INTERNATIONAL PLC | 8.465 | USD | 312.675,31 | 322.327,94 | 0,22% |
| KANSAS CITY SOUTHERN | 1.321 | USD | 137.256,77 | 220.387,99 | 0,15% |
| KELLOGG CO | 3.200 | USD | 190.245,23 | 162.752,65 | 0,11% |
| KEYCORP | 10.158 | USD | 152.153,44 | 136.237,00 | 0,09% |
| KIMBERLY-CLARK CORP. | 3.916 | USD | 457.507,76 | 431.526,53 | 0,30% |
| LIBERTY GLOBAL PLC -A- | 1.900 | USD | 54.842,17 | 37.641,29 | 0,03% |
| LIBERTY GLOBAL PLC -C- | 6.000 | USD | 156.965,81 | 115.974,01 | 0,08% |
| LOWE'S COMPANIES INC. | 9.000 | USD | 1.082.682,65 | 1.180.654,65 | 0,82% |
| LULULEMON ATHLETICA INC | 1.400 | USD | 385.995,40 | 398.282,87 | 0,28% |
| M&T BANK CORP. | 1.600 | USD | 185.762,70 | 166.466,43 | 0,12% |
| MARSH & MC LENNAN | 5.771 | USD | 461.685,79 | 551.842,59 | 0,38% |
| METTLER TOLEDO INTERNATIONAL INC. | 310 | USD | 175.532,65 | 288.750,60 | 0,20% |
| MICROSOFT CORP. | 84.531 | USD | 9.013.396,65 | 15.366.258,04 | 10,69% |
| MOHAWK INDUSTRIES INC. | 900 | USD | 170.759,61 | 103.677,82 | 0,07% |
| MOODY'S CORP. | 1.900 | USD | 342.298,95 | 450.701,65 | 0,31% |
| MOSAIC CO | 4.700 | USD | 113.900,22 | 88.387,89 | 0,06% |
| NEWMONT CORP. | 9.100 | USD | 346.484,45 | 445.424,38 | 0,31% |
| NIKE INC. -B- | 14.651 | USD | 1.082.884,99 | 1.693.986,33 | 1,18% |
| NIO INC. -ADR- | 13.500 | USD | 120.154,18 | 537.771,24 | 0,37% |
| NORFOLK SOUTHERN CORP. | 3.100 | USD | 449.785,76 | 602.011,36 | 0,42% |
| NORTHERN TRUST CORP. | 2.134 | USD | 165.311,33 | 162.445,96 | 0,11% |
| NVIDIA CORP | 7.240 | USD | 1.654.089,38 | 3.089.966,08 | 2,15% |
| ONEOK NEW | 6.084 | USD | 257.679,80 | 190.841,34 | 0,13% |
| OWENS CORNING INC. | 1.200 | USD | 65.329,60 | 74.301,83 | 0,05% |
| PEPSICO INC. | 16.300 | USD | 1.685.386,42 | 1.975.636,47 | 1,37% |
| PHILLIPS 66 | 4.600 | USD | 349.471,22 | 262.943,08 | 0,18% |
| PNC FINANCIAL SERVICES GROUP | 5.150 | USD | 585.101,15 | 627.150,50 | 0,44% |
| POLYUS P.J.S.C. GDR | 1.200 | USD | 91.426,23 | 98.859,87 | 0,07% |
| PRINCIPAL FINANCIAL GROUP INC. | 3.600 | USD | 175.197,05 | 145.818,32 | 0,10% |
| PROCTER & GAMBLE | 29.100 | USD | 2.668.161,06 | 3.309.201,91 | 2,30% |
| PROLOGIS INC. | 8.300 | USD | 542.677,15 | 676.047,57 | 0,47% |
| PRUDENTIAL FINANCE INC. | 4.300 | USD | 349.062,90 | 274.366,39 | 0,19% |
| QUEST DIAGNOSTICS INC. | 1.700 | USD | 146.138,06 | 165.574,76 | 0,12% |
| REGIONS FINANCIAL CORP. | 12.600 | USD | 126.139,09 | 166.002,21 | 0,12% |
| RESMED INC. | 1.601 | USD | 164.827,81 | 278.132,12 | 0,19% |
| RITCHIE BROTHERS AUCTIONEERS INC. | 1.946 | USD | 89.571,93 | 110.616,08 | 0,08% |
| ROBERT HALF INTERNATIONAL INC. | 1.300 | USD | 59.721,33 | 66.383,88 | 0,05% |
| ROCKWELL AUTOMATION INC. | 1.524 | USD | 226.554,33 | 312.397,89 | 0,22% |
| ROPER TECHNOLOGIES INC. | 1.200 | USD | 424.486,96 | 422.792,69 | 0,29% |
| SALESFORCE.COM INC. | 10.757 | USD | 1.475.100,87 | 1.953.939,97 | 1,36% |
| SEMPRA ENERGY | 3.600 | USD | 395.532,26 | 374.873,12 | 0,26% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| STATE STREET CORP. | 3.900 | USD | 265.311,22 | 231.982,35 | 0,16% |
| --- | --- | --- | --- | --- | --- |
| STEEL DYNAMICS INC. | 2.900 | USD | 69.670,30 | 87.387,52 | 0,06% |
| STERIS PLC | 944 | USD | 137.814,54 | 146.234,94 | 0,10% |
| SVB FINANCIAL GROUP | 700 | USD | 139.384,84 | 221.879,78 | 0,15% |
| TELADOC INC. | 1.500 | USD | 239.749,87 | 245.139,14 | 0,17% |
| TELEDYNE TECHNOLOGIES INC. | 500 | USD | 169.200,85 | 160.181,44 | 0,11% |
| TESLA INC. | 8.719 | USD | 1.088.531,54 | 5.028.594,44 | 3,50% |
| TIFFANY & CO | 1.343 | USD | 136.006,27 | 144.282,91 | 0,10% |
| TRACTOR SUPPLY CO | 1.400 | USD | 108.770,16 | 160.853,25 | 0,11% |
| TRANE TECHNOLOGIES PLC | 2.600 | USD | 204.554,27 | 308.459,81 | 0,21% |
| TRAVELERS COMPANIES INC. | 2.797 | USD | 309.418,65 | 320.881,77 | 0,22% |
| T ROWE PRICE GROUP INC. | 2.500 | USD | 228.469,53 | 309.325,32 | 0,22% |
| UGI CORP. | 2.800 | USD | 80.640,41 | 80.003,27 | 0,06% |
| VAIL RESORTS INC. | 500 | USD | 91.787,36 | 113.996,16 | 0,08% |
| VARIAN MEDICAL SYSTEMS INC. | 1.200 | USD | 148.486,34 | 171.641,53 | 0,12% |
| VERTEX PHARMACEUTIC | 2.941 | USD | 466.668,74 | 568.081,35 | 0,40% |
| VF CORP. | 3.670 | USD | 231.562,65 | 256.184,63 | 0,18% |
| WALT DISNEY CO | 21.162 | USD | 2.177.395,88 | 3.133.612,16 | 2,18% |
| WATERS CORP. | 900 | USD | 140.859,17 | 181.993,38 | 0,13% |
| WEST PHARMACEUTICAL SERVICES INC. | 800 | USD | 164.483,46 | 185.238,04 | 0,13% |
| WW GRAINGER INC. | 470 | USD | 94.266,24 | 156.854,89 | 0,11% |
| XYLEM INC. | 2.400 | USD | 128.721,04 | 199.661,64 | 0,14% |
| ZOETIS INC. -A- | 5.500 | USD | 464.157,26 | 743.941,81 | 0,52% |
| Total DOLLAR DES ETATS-UNIS |  |  | 58.520.692,87 | 78.912.261,49 | 54,89% |
| ABSA GROUP LTD | 11.603 | ZAR | 118.270,53 | 77.381,52 | 0,05% |
| BIDVEST GROUP LTD | 5.500 | ZAR | 66.466,12 | 48.051,88 | 0,03% |
| CLICKS GROUP LTD | 4.262 | ZAR | 57.885,78 | 59.918,35 | 0,04% |
| FIRSTRAND LTD | 61.479 | ZAR | 192.937,38 | 174.594,35 | 0,12% |
| GROWTHPOINT PROPERTIES LTD | 32.900 | ZAR | 56.441,01 | 23.010,39 | 0,02% |
| MR. PRICE GROUP LTD | 3.500 | ZAR | 42.682,62 | 33.232,81 | 0,02% |
| MTN GROUP N.V. | 19.128 | ZAR | 151.297,95 | 64.059,95 | 0,04% |
| MULTICHOICE GROUP LTD | 5.291 | ZAR | 42.772,44 | 39.448,93 | 0,03% |
| NASPERS -N- | 4.969 | ZAR | 697.210,17 | 834.786,03 | 0,58% |
| NEDBANK GROUP | 5.500 | ZAR | 77.919,45 | 39.623,98 | 0,03% |
| OLD MUTUAL LTD | 59.920 | ZAR | 80.369,26 | 39.641,16 | 0,03% |
| STANDARD BANK GROUP | 12.342 | ZAR | 130.546,93 | 87.268,09 | 0,06% |
| VODACOM GROUP LTD | 10.000 | ZAR | 87.412,97 | 69.211,49 | 0,05% |
| WOOLWORTHS HLDG LTD | 15.218 | ZAR | 59.406,91 | 33.480,12 | 0,02% |
| Total RAND SUD-AFRICAIN |  |  | 1.861.619,52 | 1.623.709,05 | 1,13% |
| Total Actions Cotées ou Négociées |  |  | 114.538.695,00 | 143.772.200,09 | 100,01% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 114.538.695,00 | 143.772.200,09 | 100,01% |
| Autres valeurs mobilières |  |  |  |  |  |
| LEND LEASE CORP. LTD | 9.248 | AUD | 98.511,73 | 76.405,65 | 0,05% |
| RAMSAY HEALTHCARE LTD RHC | 1.610 | AUD | 66.085,15 | 63.136,86 | 0,04% |

World SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Total DOLLAR AUSTRALIEN |  |  | 164.596,88 | 139.542,51 | 0,10% |
| --- | --- | --- | --- | --- | --- |
| WHITBREAD PLC | 2.658 | GBP | 74.880,75 | 92.054,52 | 0,06% |
| Total LIVRE STERLING |  |  | 74.880,75 | 92.054,52 | 0,06% |
| SUPERMAX CORP. -DVSE-20201207 | 30.000 | MYR | 0,00 | 813,73 | 0,00% |
| Total RINGGIT DE MALAISIE |  |  | 0,00 | 813,73 | 0,00% |
| Total Autres valeurs mobilières |  |  | 239.477,63 | 232.410,76 | 0,16% |
| Total du Portefeuille-Titres |  |  | 114.778.172,63 | 144.004.610,85 | 100,18% |

US SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| LINDE PLC | 37.479 | EUR | 6.667.591,47 | 7.983.027,00 | 1,64% |
| Total EURO |  |  | 6.667.591,47 | 7.983.027,00 | 1,64% |
| ABIOMED INC. | 3.145 | USD | 667.416,90 | 833.320,26 | 0,17% |
| ACCENTURE PLC -A- | 45.673 | USD | 7.699.136,31 | 9.750.516,39 | 2,01% |
| AGILENT TECHNOLOGIES INC. | 22.959 | USD | 1.642.431,62 | 2.223.376,17 | 0,46% |
| ALLEGION PLC | 6.097 | USD | 522.313,62 | 579.926,33 | 0,12% |
| ALLY FINANCIAL INC. | 25.200 | USD | 546.934,65 | 734.446,49 | 0,15% |
| AMERICAN EXPRESS COMPANY | 48.857 | USD | 4.219.539,99 | 4.828.000,38 | 0,99% |
| AMERICAN TOWER CORP. | 31.940 | USD | 6.100.711,70 | 5.859.386,54 | 1,21% |
| AMERISOURCEBERGEN CORP. | 10.419 | USD | 842.213,46 | 832.464,09 | 0,17% |
| AMGEN INC. | 42.026 | USD | 8.205.498,24 | 7.897.199,07 | 1,63% |
| APTIV PLC | 18.844 | USD | 1.281.410,60 | 2.006.607,63 | 0,41% |
| AXALTA COATING SYSTEMS LTD | 17.030 | USD | 401.499,98 | 397.373,63 | 0,08% |
| BAKER HUGHES-A GE CO | 50.975 | USD | 943.703,57 | 868.643,50 | 0,18% |
| BALL CORP. | 22.944 | USD | 1.390.158,92 | 1.747.310,63 | 0,36% |
| BECTON DICKINSON | 20.790 | USD | 4.484.842,87 | 4.251.623,39 | 0,88% |
| BEST BUY CO INC. | 16.372 | USD | 1.139.518,89 | 1.335.263,68 | 0,28% |
| BIOGEN INC. | 11.496 | USD | 2.906.933,27 | 2.300.609,34 | 0,47% |
| BLACKROCK INC. | 10.915 | USD | 4.999.933,40 | 6.436.687,59 | 1,33% |
| BNY MELLON CORP. | 56.091 | USD | 1.991.573,44 | 1.945.569,89 | 0,40% |
| BORGWARNER INC. | 18.173 | USD | 549.029,81 | 573.907,66 | 0,12% |
| BOSTON PROPERTIES INC. | 10.630 | USD | 1.021.014,69 | 821.261,00 | 0,17% |
| BUNGE LTD | 10.040 | USD | 421.860,80 | 538.125,29 | 0,11% |
| C.H. ROBINSON WORLDWIDE INC. | 9.270 | USD | 667.012,34 | 711.188,67 | 0,15% |
| CABLE ONE INC. | 330 | USD | 530.575,75 | 600.831,68 | 0,12% |
| CAMPBELL SOUP COMPANY | 12.959 | USD | 543.528,52 | 512.089,94 | 0,11% |
| CARDINAL HEALTH INC. | 20.784 | USD | 1.019.718,83 | 909.804,29 | 0,19% |
| CATERPILLAR INC. | 39.318 | USD | 4.473.534,08 | 5.849.096,78 | 1,21% |
| CB RICHARD ELLIS GROUP INC. -A- | 24.832 | USD | 1.023.695,56 | 1.272.905,10 | 0,26% |
| CENTENE CORP. | 40.996 | USD | 2.210.186,52 | 2.011.352,11 | 0,41% |
| CENTERPOINT ENERGY INC. | 40.400 | USD | 786.969,79 | 714.524,13 | 0,15% |
| CERNER CORP. | 21.163 | USD | 1.285.615,74 | 1.357.420,82 | 0,28% |
| CHARLES SCHWAB CORP. | 109.593 | USD | 3.743.079,87 | 4.750.776,61 | 0,98% |
| CHUBB LTD | 31.459 | USD | 3.623.197,71 | 3.957.475,61 | 0,82% |
| CIGNA CORP. | 26.431 | USD | 3.692.370,26 | 4.497.082,73 | 0,93% |
| CLOROX CY | 8.828 | USD | 1.436.916,23 | 1.456.867,12 | 0,30% |
| CME GROUP INC. -A- | 26.138 | USD | 3.925.939,69 | 3.889.030,20 | 0,80% |
| COLGATE-PALMOLIVE CO | 57.651 | USD | 3.583.424,89 | 4.029.044,18 | 0,83% |
| CONSOLIDATED EDISON INC. | 24.700 | USD | 1.703.996,82 | 1.458.926,08 | 0,30% |
| CSX CORP. | 54.764 | USD | 3.216.690,15 | 4.062.709,56 | 0,84% |
| CUMMINS INC. | 10.290 | USD | 1.516.036,32 | 1.909.900,70 | 0,39% |
| DAVITA INC. | 5.442 | USD | 394.431,74 | 522.161,58 | 0,11% |
| DEERE & CY | 21.404 | USD | 2.990.008,06 | 4.706.588,37 | 0,97% |
| DENTSPLY INTERNATIONAL INC. | 15.685 | USD | 625.663,61 | 671.216,22 | 0,14% |
| ECOLAB INC. | 18.415 | USD | 2.954.315,80 | 3.256.319,24 | 0,67% |

US SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| EDWARDS LIFESCIENCES CORP. | 44.751 | USD | 2.552.227,63 | 3.336.711,81 | 0,69% |
| --- | --- | --- | --- | --- | --- |
| ELECTRONIC ARTS | 21.153 | USD | 2.226.574,90 | 2.482.588,21 | 0,51% |
| EQUINIX INC | 6.381 | USD | 3.492.876,97 | 3.724.557,71 | 0,77% |
| EVERSOURCE ENERGY | 23.991 | USD | 1.644.186,98 | 1.696.262,03 | 0,35% |
| EXPEDITORS INTERNATIONAL OF WASHINGTON | 12.495 | USD | 823.549,78 | 971.271,67 | 0,20% |
| FACTSET RESEARCH SYSTEMS INC. | 2.577 | USD | 697.396,07 | 700.300,36 | 0,14% |
| FASTENAL CO | 40.327 | USD | 1.333.221,33 | 1.609.388,59 | 0,33% |
| FORTUNE BRANDS HOME SECURITY INC. | 9.296 | USD | 532.918,90 | 651.263,23 | 0,13% |
| FRANKLIN RESOURCES INC. | 24.637 | USD | 560.007,53 | 503.190,41 | 0,10% |
| GENERAL MILLS INC. | 44.832 | USD | 2.294.187,73 | 2.154.486,21 | 0,44% |
| GILEAD SCIENCES INC. | 89.360 | USD | 5.649.575,28 | 4.254.925,10 | 0,88% |
| HASBRO INC. | 9.556 | USD | 704.968,26 | 730.553,10 | 0,15% |
| HCA HEALTHCARE INC. | 19.581 | USD | 1.881.790,39 | 2.631.924,53 | 0,54% |
| HEALTHPEAK PROPERTIES INC. | 37.014 | USD | 872.288,10 | 914.497,34 | 0,19% |
| HENRY SCHEIN INC. | 10.342 | USD | 586.658,54 | 565.131,07 | 0,12% |
| HOLOGIC INC. | 19.600 | USD | 1.021.560,54 | 1.166.660,95 | 0,24% |
| HOME DEPOT | 77.231 | USD | 15.591.881,57 | 16.766.048,15 | 3,45% |
| HUMANA INC. | 9.709 | USD | 3.470.472,12 | 3.255.536,29 | 0,67% |
| IDEX CORP. | 5.410 | USD | 737.996,98 | 880.774,79 | 0,18% |
| IDEXX LABORATORIES INC. | 5.969 | USD | 1.474.060,55 | 2.438.579,57 | 0,50% |
| IHS MARKIT LTD | 27.541 | USD | 1.625.443,09 | 2.021.991,77 | 0,42% |
| ILLINOIS TOOL WORKS INC. | 22.810 | USD | 3.360.173,92 | 3.800.827,76 | 0,78% |
| INTERNATIONAL FLAVORS & FRAGRANCES | 6.268 | USD | 720.680,96 | 557.565,38 | 0,11% |
| INVESCO PLC | 32.496 | USD | 435.131,96 | 462.919,60 | 0,10% |
| IRON MOUNTAIN REIT INC. | 20.067 | USD | 525.005,19 | 483.490,79 | 0,10% |
| JAZZ PHARMACEUTICALS PLC | 3.759 | USD | 410.842,80 | 507.067,92 | 0,10% |
| JOHNSON CONTROLS INTERNATIONAL PLC | 52.764 | USD | 1.696.393,79 | 2.009.133,06 | 0,41% |
| KANSAS CITY SOUTHERN | 6.381 | USD | 742.407,12 | 1.064.569,11 | 0,22% |
| KELLOGG CO | 18.312 | USD | 1.060.398,32 | 931.352,02 | 0,19% |
| KEYCORP | 73.000 | USD | 912.414,66 | 979.060,93 | 0,20% |
| KIMBERLY-CLARK CORP. | 24.749 | USD | 3.006.609,73 | 2.727.234,42 | 0,56% |
| LIBERTY GLOBAL PLC -A- | 14.080 | USD | 311.787,50 | 278.941,77 | 0,06% |
| LIBERTY GLOBAL PLC -C- | 25.620 | USD | 556.681,59 | 495.209,02 | 0,10% |
| LOWE'S COMPANIES INC. | 53.826 | USD | 6.465.226,86 | 7.061.101,92 | 1,45% |
| LULULEMON ATHLETICA INC | 8.726 | USD | 2.388.725,73 | 2.482.440,20 | 0,51% |
| M&T BANK CORP. | 9.085 | USD | 1.029.292,64 | 945.217,20 | 0,19% |
| MARSH & MC LENNAN | 36.784 | USD | 3.247.153,44 | 3.517.410,81 | 0,72% |
| METTLER TOLEDO INTERNATIONAL INC. | 1.689 | USD | 1.133.344,96 | 1.573.225,06 | 0,32% |
| MICROSOFT CORP. | 516.200 | USD | 74.439.460,20 | 93.836.135,83 | 19,33% |
| MOHAWK INDUSTRIES INC. | 4.290 | USD | 524.913,11 | 494.197,62 | 0,10% |
| MOODY'S CORP. | 12.163 | USD | 2.522.900,23 | 2.885.202,17 | 0,59% |
| MOSAIC CO | 28.830 | USD | 448.119,78 | 542.175,06 | 0,11% |
| NEWMONT CORP. | 56.401 | USD | 2.533.428,13 | 2.760.701,15 | 0,57% |
| NIKE INC. -B- | 89.844 | USD | 7.086.412,23 | 10.387.994,51 | 2,14% |
| NORFOLK SOUTHERN CORP. | 18.500 | USD | 2.740.338,05 | 3.592.648,44 | 0,74% |
| NORTHERN TRUST CORP. | 13.824 | USD | 1.022.366,59 | 1.052.321,00 | 0,22% |
| NVIDIA CORP | 44.277 | USD | 12.675.424,58 | 18.897.020,47 | 3,89% |
| ONEOK NEW | 32.000 | USD | 1.148.081,07 | 1.003.767,73 | 0,21% |
| OWENS CORNING INC. | 7.936 | USD | 397.643,07 | 491.382,75 | 0,10% |
| PEPSICO INC. | 99.043 | USD | 11.025.645,21 | 12.004.476,24 | 2,47% |
| PHILLIPS 66 | 30.769 | USD | 2.134.055,16 | 1.758.803,37 | 0,36% |

US SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| PNC FINANCIAL SERVICES GROUP | 30.483 | USD | 3.142.765,85 | 3.712.122,10 | 0,76% |
| --- | --- | --- | --- | --- | --- |
| PRINCIPAL FINANCIAL GROUP INC. | 20.200 | USD | 806.297,43 | 818.202,77 | 0,17% |
| PROCTER & GAMBLE | 179.100 | USD | 18.031.236,50 | 20.366.943,73 | 4,20% |
| PROLOGIS INC. | 52.092 | USD | 3.843.000,18 | 4.242.972,27 | 0,87% |
| PRUDENTIAL FINANCE INC. | 27.453 | USD | 1.799.163,43 | 1.751.669,90 | 0,36% |
| QUEST DIAGNOSTICS INC. | 10.235 | USD | 966.738,90 | 996.857,46 | 0,21% |
| REGIONS FINANCIAL CORP. | 67.000 | USD | 659.870,91 | 882.710,15 | 0,18% |
| RESMED INC. | 10.699 | USD | 1.408.671,96 | 1.858.673,07 | 0,38% |
| ROBERT HALF INTERNATIONAL INC. | 7.339 | USD | 361.485,19 | 374.762,55 | 0,08% |
| ROCKWELL AUTOMATION INC. | 8.154 | USD | 1.373.260,43 | 1.671.451,71 | 0,34% |
| ROPER TECHNOLOGIES INC. | 7.504 | USD | 2.652.936,64 | 2.643.863,64 | 0,54% |
| SALESFORCE.COM INC. | 65.106 | USD | 10.095.310,73 | 11.826.086,80 | 2,44% |
| SEMPRA ENERGY | 20.328 | USD | 2.227.348,13 | 2.116.783,52 | 0,44% |
| STATE STREET CORP. | 26.265 | USD | 1.564.255,51 | 1.562.311,88 | 0,32% |
| STEEL DYNAMICS INC. | 15.065 | USD | 355.598,56 | 453.963,10 | 0,09% |
| STERIS PLC | 6.117 | USD | 814.164,82 | 947.583,82 | 0,20% |
| SVB FINANCIAL GROUP | 3.718 | USD | 718.021,51 | 1.178.498,58 | 0,24% |
| TELADOC INC. | 7.922 | USD | 1.346.891,59 | 1.294.661,53 | 0,27% |
| TELEDYNE TECHNOLOGIES INC. | 2.871 | USD | 876.006,80 | 919.761,82 | 0,19% |
| TESLA INC. | 53.400 | USD | 9.054.565,02 | 30.797.906,09 | 6,35% |
| TIFFANY & CO | 8.300 | USD | 866.443,08 | 891.696,29 | 0,18% |
| TRACTOR SUPPLY CO | 8.654 | USD | 846.121,16 | 994.302,91 | 0,20% |
| TRANE TECHNOLOGIES PLC | 17.623 | USD | 1.453.240,89 | 2.090.764,32 | 0,43% |
| TRAVELERS COMPANIES INC. | 18.783 | USD | 2.004.952,90 | 2.154.852,45 | 0,44% |
| T ROWE PRICE GROUP INC. | 16.145 | USD | 1.633.443,85 | 1.997.622,94 | 0,41% |
| UGI CORP. | 14.402 | USD | 408.132,18 | 411.502,53 | 0,08% |
| VAIL RESORTS INC. | 3.000 | USD | 585.167,75 | 683.976,95 | 0,14% |
| VARIAN MEDICAL SYSTEMS INC. | 6.404 | USD | 751.266,22 | 915.993,66 | 0,19% |
| VERTEX PHARMACEUTIC | 18.667 | USD | 3.823.421,38 | 3.605.703,71 | 0,74% |
| VF CORP. | 24.298 | USD | 1.428.143,84 | 1.696.123,72 | 0,35% |
| WALT DISNEY CO | 130.046 | USD | 13.707.024,33 | 19.256.862,64 | 3,97% |
| WATERS CORP. | 4.521 | USD | 782.722,02 | 914.213,41 | 0,19% |
| WEST PHARMACEUTICAL SERVICES INC. | 5.178 | USD | 1.040.980,18 | 1.198.953,19 | 0,25% |
| WW GRAINGER INC. | 3.190 | USD | 819.560,88 | 1.064.610,85 | 0,22% |
| XYLEM INC. | 13.500 | USD | 859.080,71 | 1.123.096,73 | 0,23% |
| ZOETIS INC. -A- | 34.418 | USD | 3.676.740,77 | 4.655.452,58 | 0,96% |
| Total DOLLAR DES ETATS-UNIS |  |  | 391.183.519,06 | 476.982.682,24 | 98,28% |
| Total Actions Cotées ou Négociées |  |  | 397.851.110,53 | 484.965.709,24 | 99,92% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 397.851.110,53 | 484.965.709,24 | 99,92% |
| Total du Portefeuille-Titres |  |  | 397.851.110,53 | 484.965.709,24 | 99,92% |

EMU SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Valeurs mobilières admises à la cote officielle d'une bourse de |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| ACCOR | 8.341 | EUR | 216.635,24 | 246.893,60 | 0,43% |
| ADIDAS A.G. | 8.591 | EUR | 2.046.243,51 | 2.559.258,90 | 4,49% |
| AKZO NOBEL N.V. - ORDSHR | 8.704 | EUR | 717.297,94 | 764.733,44 | 1,34% |
| ALLIANZ A.G. -REG- | 18.820 | EUR | 3.468.909,45 | 3.777.174,00 | 6,62% |
| AMUNDI S.A. | 2.653 | EUR | 178.138,61 | 177.220,40 | 0,31% |
| ASML HOLDING NV | 19.195 | EUR | 4.875.811,19 | 7.630.972,25 | 13,38% |
| AXA | 87.227 | EUR | 1.822.355,81 | 1.701.973,22 | 2,99% |
| BANCO BILBAO VIZCAYA | 301.361 | EUR | 1.384.105,15 | 1.215.991,64 | 2,13% |
| BEIERSDORF A.G. | 4.594 | EUR | 457.346,05 | 433.857,36 | 0,76% |
| CARREFOUR S.A. | 27.868 | EUR | 383.554,43 | 390.988,04 | 0,69% |
| CNP ASSURANCES | 8.068 | EUR | 105.737,57 | 106.336,24 | 0,19% |
| CRH PLC. | 35.324 | EUR | 1.120.029,36 | 1.201.722,48 | 2,11% |
| DANONE | 27.761 | EUR | 1.764.092,57 | 1.492.431,36 | 2,62% |
| DEUTSCHE BOERSE A.G. | 8.576 | EUR | 1.045.222,16 | 1.194.208,00 | 2,09% |
| ELIA GROUP | 1.400 | EUR | 132.720,00 | 136.500,00 | 0,24% |
| ELISA -A- | 6.344 | EUR | 340.629,71 | 284.655,28 | 0,50% |
| ERSTE GROUP BANK A.G. | 12.509 | EUR | 256.768,06 | 311.974,46 | 0,55% |
| GECINA | 2.090 | EUR | 294.984,25 | 263.967,00 | 0,46% |
| GETLINK SE | 19.289 | EUR | 256.202,38 | 273.518,02 | 0,48% |
| HENKEL | 4.606 | EUR | 411.299,14 | 363.183,10 | 0,64% |
| HENKEL | 8.056 | EUR | 789.562,86 | 743.568,80 | 1,30% |
| INDUSTRIA DE DISENO TEXTIL S.A. | 49.278 | EUR | 1.422.530,65 | 1.283.199,12 | 2,25% |
| INTESA SAN PAOLO SpA | 746.552 | EUR | 1.614.544,05 | 1.427.855,36 | 2,50% |
| JERONIMO MARTINS SGPS S.A. | 11.298 | EUR | 179.813,19 | 156.138,36 | 0,27% |
| KBC GROUP S.A. | 11.087 | EUR | 653.518,65 | 635.063,36 | 1,11% |
| KERRY GROUP PLC | 7.181 | EUR | 743.517,72 | 850.948,50 | 1,49% |
| KONINKLIJKE DSM N.V. | 7.772 | EUR | 911.847,33 | 1.094.297,60 | 1,92% |
| KONINKLIJKE VOPAK | 2.958 | EUR | 137.919,82 | 127.164,42 | 0,22% |
| L'OREAL | 11.297 | EUR | 2.760.586,24 | 3.511.107,60 | 6,16% |
| MERCK KGAA | 5.764 | EUR | 632.708,51 | 808.977,40 | 1,42% |
| MICHELIN -B- | 7.543 | EUR | 793.781,04 | 791.637,85 | 1,39% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT A.G. | 6.319 | EUR | 1.376.329,06 | 1.534.253,20 | 2,69% |
| NATIXIS | 38.075 | EUR | 149.552,14 | 106.191,18 | 0,19% |
| NESTE CORP. | 19.231 | EUR | 597.956,75 | 1.137.705,96 | 2,00% |
| ORANGE | 90.395 | EUR | 1.145.852,93 | 879.904,93 | 1,54% |
| ORION CORP. (NEW) -B- | 4.986 | EUR | 178.223,33 | 187.124,58 | 0,33% |
| RED ELECTRICA CORPORACION S.A. | 19.548 | EUR | 339.757,52 | 327.917,70 | 0,58% |
| SAP A.G. | 46.964 | EUR | 4.905.557,85 | 5.035.480,08 | 8,83% |
| SARTORIUS VZ | 1.622 | EUR | 359.311,02 | 557.319,20 | 0,98% |
| SCHNEIDER ELECTRIC SE | 24.276 | EUR | 2.104.887,89 | 2.871.850,80 | 5,04% |
| SEB S.A. | 1.031 | EUR | 131.331,80 | 153.619,00 | 0,27% |
| SIEMENS -NOM- | 34.507 | EUR | 3.826.346,97 | 4.055.262,64 | 7,11% |
| SNAM SpA | 91.000 | EUR | 427.973,00 | 418.691,00 | 0,73% |
| TERNA SpA | 62.222 | EUR | 390.256,38 | 388.887,50 | 0,68% |
| UMICORE S.A. | 8.873 | EUR | 325.859,65 | 348.620,17 | 0,61% |
| UNIBAIL RODAMCO WESTFIELD | 6.267 | EUR | 873.990,30 | 404.722,86 | 0,71% |

EMU SRI MSCI Index
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| UPM-KYMMENE CORP. | 24.030 | EUR | 632.288,66 | 732.194,10 | 1,28% |
| --- | --- | --- | --- | --- | --- |
| VALEO S.A. | 10.292 | EUR | 279.198,35 | 332.225,76 | 0,58% |
| VERBUND A.G. | 3.030 | EUR | 178.315,50 | 211.645,50 | 0,37% |
| WARTSILA CORP. -B- | 18.662 | EUR | 197.284,35 | 152.095,30 | 0,27% |
| WOLTERS KLUWER N.V. | 12.311 | EUR | 884.320,69 | 850.197,66 | 1,49% |
| Total EURO |  |  | 51.223.006,78 | 56.643.426,28 | 99,35% |
| COCA-COLA EUROPEAN PARTNERS PLC | 9.110 | USD | 344.648,77 | 371.011,65 | 0,65% |
| Total DOLLAR DES ETATS-UNIS |  |  | 344.648,77 | 371.011,65 | 0,65% |
| Total Actions Cotées ou Négociées |  |  | 51.567.655,55 | 57.014.437,93 | 100,00% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 51.567.655,55 | 57.014.437,93 | 100,00% |
| Total du Portefeuille-Titres |  |  | 51.567.655,55 | 57.014.437,93 | 100,00% |

(Content)
| Europe Behavioral Value | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 28,95 % |
| --- | --- |
| ALLEMAGNE | 15,97 % |
| ROYAUME-UNI | 15,93 % |
| SUÈDE | 6,78 % |
| PAYS-BAS | 6,62 % |
| BELGIQUE | 6,20 % |
| SUISSE | 3,69 % |
| ITALIE | 3,43 % |
| AUTRICHE | 3,31 % |
| NORVÈGE | 2,40 % |
| ESPAGNE | 2,03 % |
| DANEMARK | 1,88 % |
| LUXEMBOURG | 1,83 % |
| ILE DE MAN | 0,63 % |
| Total du Portefeuille-Titres | 99,65 % |

(Content)
| EMU Dividend | %  DE L ' ACTIF NET |
| --- | --- |

| FRANCE | 23,77 % |
| --- | --- |
| ITALIE | 21,58 % |
| FINLANDE | 14,41 % |
| PORTUGAL | 11,76 % |
| PAYS-BAS | 11,28 % |
| ESPAGNE | 8,66 % |
| BELGIQUE | 3,21 % |
| AUTRICHE | 2,39 % |
| LUXEMBOURG | 1,44 % |
| Total du Portefeuille-Titres | 98,50 % |

(Content)
| Emerging MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| ILES CAYMAN | 24,26 % |
| --- | --- |
| CORÉE DU SUD | 13,51 % |
| TAIWAN | 12,52 % |
| INDE | 9,17 % |
| CHINE | 7,38 % |
| IRLANDE | 7,31 % |
| BRÉSIL | 5,10 % |
| AFRIQUE DU SUD | 3,40 % |
| RUSSIE | 2,52 % |
| THAÏLANDE | 1,81 % |
| HONG KONG | 1,80 % |
| MEXIQUE | 1,76 % |
| MALAISIE | 1,55 % |
| INDONÉSIE | 1,32 % |
| BERMUDES | 0,81 % |
| PHILIPPINES | 0,73 % |
| QATAR | 0,69 % |
| POLOGNE | 0,64 % |
| ÉMIRATS ARABES UNIS | 0,53 % |
| CHILI | 0,51 % |
| KOWEÏT | 0,47 % |
| TURQUIE | 0,38 % |
| ÉTATS-UNIS | 0,38 % |
| PAYS-BAS | 0,32 % |
| LUXEMBOURG | 0,23 % |
| HONGRIE | 0,22 % |
| COLOMBIE | 0,20 % |
| GRÈCE | 0,12 % |
| RÉPUBLIQUE TCHÈQUE | 0,09 % |
| JERSEY | 0,07 % |
| PÉROU | 0,04 % |
| ILE DE MAN | 0,03 % |
| SINGAPOUR | 0,02 % |
| ARGENTINE | 0,01 % |
| Total du Portefeuille-Titres | 99,90 % |

(Content)
| World SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| ÉTATS-UNIS | 51,31 % |
| --- | --- |
| JAPON | 7,54 % |
| ROYAUME-UNI | 3,95 % |
| TAIWAN | 3,88 % |
| ALLEMAGNE | 3,78 % |
| SUISSE | 3,44 % |
| CANADA | 2,87 % |
| FRANCE | 2,50 % |
| IRLANDE | 2,42 % |
| ILES CAYMAN | 2,06 % |
| PAYS-BAS | 1,92 % |
| AUSTRALIE | 1,80 % |
| DANEMARK | 1,78 % |
| AFRIQUE DU SUD | 1,13 % |
| CORÉE DU SUD | 1,10 % |
| INDE | 0,99 % |
| HONG KONG | 0,77 % |
| BRÉSIL | 0,77 % |
| SUÈDE | 0,73 % |
| ESPAGNE | 0,51 % |
| MALAISIE | 0,47 % |
| FINLANDE | 0,44 % |
| ITALIE | 0,39 % |
| BERMUDES | 0,38 % |
| CHINE | 0,38 % |
| THAÏLANDE | 0,36 % |
| INDONÉSIE | 0,34 % |
| SINGAPOUR | 0,32 % |
| JERSEY | 0,28 % |
| NOUVELLE-ZÉLANDE | 0,25 % |
| BELGIQUE | 0,22 % |
| NORVÈGE | 0,21 % |
| MEXIQUE | 0,20 % |
| QATAR | 0,18 % |
| AUTRICHE | 0,11 % |
| PHILIPPINES | 0,10 % |
| ÉMIRATS ARABES UNIS | 0,09 % |
| CHILI | 0,08 % |
| RUSSIE | 0,07 % |
| PORTUGAL | 0,03 % |
| POLOGNE | 0,02 % |
| ILE DE MAN | 0,01 % |
| Total du Portefeuille-Titres | 100,18 % |

(Content)
| US SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| ÉTATS-UNIS | 92,91 % |
| --- | --- |
| IRLANDE | 3,69 % |
| ROYAUME-UNI | 1,80 % |
| SUISSE | 0,82 % |
| BERMUDES | 0,70 % |
| Total du Portefeuille-Titres | 99,92 % |

(Content)
| EMU SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| ALLEMAGNE | 36,95 % |
| --- | --- |
| FRANCE | 24,04 % |
| PAYS-BAS | 18,36 % |
| ESPAGNE | 4,96 % |
| FINLANDE | 4,37 % |
| ITALIE | 3,92 % |
| IRLANDE | 3,60 % |
| BELGIQUE | 1,96 % |
| AUTRICHE | 0,92 % |
| ROYAUME-UNI | 0,65 % |
| PORTUGAL | 0,27 % |
| Total du Portefeuille-Titres | 100,00 % |

| Europe Behavioral Value | %  DE L ' ACTIF NET |
| --- | --- |

| PHARMACIE - COSMETIQUE | 11,48 % |
| --- | --- |
| BANQUES | 7,21 % |
| MATERIAUX DE CONSTRUCTION | 6,71 % |
| SERVICES FINANCIERS - HOLDINGS | 5,62 % |
| COMPAGNIES D'ASSURANCE | 5,57 % |
| PETROLE & DERIVES | 4,82 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 4,77 % |
| SOURCES D'ENERGIE | 4,50 % |
| VEHICULES ROUTIERS | 3,96 % |
| IT & INTERNET | 3,93 % |
| PRODUITS CHIMIQUES | 3,72 % |
| TELECOMMUNICATIONS | 3,47 % |
| BIENS DE CONSOMMATION DIVERS | 3,26 % |
| CONSTRUCTION MECANIQUE | 2,91 % |
| DIFFUSION & EDITION | 2,85 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 2,74 % |
| DIVERS BIENS DE CAPITAUX | 2,69 % |
| BOISSONS & TABACS | 2,58 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 2,31 % |
| TRANSPORT & CIRCULATION | 2,01 % |
| SERVICES DIVERS | 1,96 % |
| BIOTECHNOLOGIE | 1,73 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 1,24 % |
| METAUX NON-FERREUX | 1,21 % |
| AERONAUTIQUE & DEFENSE | 1,19 % |
| IMMOBILIER | 1,19 % |
| DISTRIBUTION | 1,14 % |
| BIJOUTERIE & HORLOGERIE | 1,00 % |
| *BIENS DE CONSOMMATION* | 0,63 % |
| METAUX & PIERRES PRECIEUSES | 0,54 % |
| DIVERS | 0,44 % |
| SOINS & SERVICE DE SANTE | 0,27 % |
| Total du Portefeuille-Titres | 99,65 % |

| EMU Dividend | %  DE L ' ACTIF NET |
| --- | --- |

| SOURCES D'ENERGIE | 15,42 % |
| --- | --- |
| BANQUES | 11,91 % |
| COMPAGNIES D'ASSURANCE | 9,50 % |
| PHARMACIE - COSMETIQUE | 6,82 % |
| PRODUITS FORESTIERS & PAPIERS | 6,76 % |
| TRANSPORTS AERIENS | 6,65 % |
| IT & INTERNET | 5,82 % |
| TELECOMMUNICATIONS | 5,65 % |
| MATERIAUX DE CONSTRUCTION | 5,05 % |
| VEHICULES ROUTIERS | 4,79 % |
| SERVICES FINANCIERS - HOLDINGS | 4,65 % |
| IMMOBILIER | 3,65 % |
| PRODUITS CHIMIQUES | 3,61 % |
| PETROLE & DERIVES | 3,39 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 2,79 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 1,52 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 0,52 % |
| Total du Portefeuille-Titres | 98,50 % |

| Emerging MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| IT & INTERNET | 16,73 % |
| --- | --- |
| BANQUES | 10,22 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 9,60 % |
| TELECOMMUNICATIONS | 8,75 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 7,31 % |
| SERVICES FINANCIERS - HOLDINGS | 5,34 % |
| PHARMACIE - COSMETIQUE | 3,84 % |
| PHOTO & OPTIQUE | 3,32 % |
| PETROLE & DERIVES | 3,16 % |
| VEHICULES ROUTIERS | 3,03 % |
| PRODUITS CHIMIQUES | 2,99 % |
| COMPAGNIES D'ASSURANCE | 2,33 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 2,18 % |
| DISTRIBUTION | 1,96 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,85 % |
| DIFFUSION & EDITION | 1,72 % |
| IMMOBILIER | 1,71 % |
| SOURCES D'ENERGIE | 1,44 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 1,35 % |
| MATERIAUX DE CONSTRUCTION | 1,24 % |
| INFORMATIQUE - REPRODUCTION | 0,99 % |
| LOISIRS & TOURISME | 0,86 % |
| METAUX NON-FERREUX | 0,78 % |
| SERVICES DIVERS | 0,75 % |
| METAUX & PIERRES PRECIEUSES | 0,71 % |
| CONSTRUCTION MECANIQUE | 0,70 % |
| TEXTILE & HABILLEMENT | 0,64 % |
| BOISSONS & TABACS | 0,56 % |
| TRANSPORTS AERIENS | 0,56 % |
| BIOTECHNOLOGIE | 0,53 % |
| DIVERS | 0,49 % |
| BIENS DE CONSOMMATION DIVERS | 0,35 % |
| PRODUITS FORESTIERS & PAPIERS | 0,34 % |
| SOCIETES DIVERSIFIEES | 0,26 % |
| SOINS & SERVICE DE SANTE | 0,25 % |
| AGRICULTURE & PECHE | 0,21 % |
| PNEUS & CAOUTCHOUC | 0,18 % |
| SERVICES COMMERCIAUX - PUBLICS | 0,17 % |
| TRANSPORT & CIRCULATION | 0,17 % |
| AERONAUTIQUE & DEFENSE | 0,14 % |
| TRANSPORTS MARITIMES | 0,10 % |
| INDUSTRIE D'EMBALLAGE | 0,06 % |
| DIVERS BIENS DE CAPITAUX | 0,03 % |
| Total du Portefeuille-Titres | 99,90 % |

| World SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| IT & INTERNET | 16,50 % |
| --- | --- |
| SERVICES FINANCIERS - HOLDINGS | 9,91 % |
| PHARMACIE - COSMETIQUE | 8,66 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 7,35 % |
| BANQUES | 6,97 % |
| VEHICULES ROUTIERS | 5,19 % |
| BIENS DE CONSOMMATION DIVERS | 4,77 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 4,00 % |
| DISTRIBUTION | 3,95 % |
| CONSTRUCTION MECANIQUE | 3,46 % |
| COMPAGNIES D'ASSURANCE | 2,75 % |
| PRODUITS CHIMIQUES | 2,36 % |
| TEXTILE & HABILLEMENT | 2,31 % |
| BIOTECHNOLOGIE | 2,27 % |
| SOURCES D'ENERGIE | 2,13 % |
| TRANSPORT & CIRCULATION | 1,81 % |
| IMMOBILIER | 1,74 % |
| TELECOMMUNICATIONS | 1,40 % |
| DIFFUSION & EDITION | 1,35 % |
| SOINS & SERVICE DE SANTE | 1,20 % |
| MATERIAUX DE CONSTRUCTION | 1,09 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 1,06 % |
| TRANSPORTS AERIENS | 1,00 % |
| PHOTO & OPTIQUE | 0,92 % |
| METAUX & PIERRES PRECIEUSES | 0,85 % |
| DIVERS BIENS DE CAPITAUX | 0,79 % |
| PETROLE & DERIVES | 0,67 % |
| PRODUITS FORESTIERS & PAPIERS | 0,57 % |
| LOISIRS & TOURISME | 0,50 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 0,48 % |
| INFORMATIQUE - REPRODUCTION | 0,41 % |
| SERVICES DIVERS | 0,27 % |
| SOCIETES DIVERSIFIEES | 0,24 % |
| INDUSTRIE D'EMBALLAGE | 0,24 % |
| PNEUS & CAOUTCHOUC | 0,19 % |
| DIVERS | 0,16 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 0,15 % |
| BOISSONS & TABACS | 0,12 % |
| METAUX NON-FERREUX | 0,12 % |
| AERONAUTIQUE & DEFENSE | 0,11 % |
| AGRICULTURE & PECHE | 0,08 % |
| SERVICES COMMERCIAUX - PUBLICS | 0,08 % |
| Total du Portefeuille-Titres | 100,18 % |

| US SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| IT & INTERNET | 27,10 % |
| --- | --- |
| SERVICES FINANCIERS - HOLDINGS | 13,68 % |
| BIENS DE CONSOMMATION DIVERS | 7,90 % |
| VEHICULES ROUTIERS | 6,88 % |
| DISTRIBUTION | 5,57 % |
| PHARMACIE - COSMETIQUE | 4,99 % |
| CONSTRUCTION MECANIQUE | 4,59 % |
| BANQUES | 4,52 % |
| BIOTECHNOLOGIE | 4,22 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 3,33 % |
| TEXTILE & HABILLEMENT | 3,00 % |
| SOURCES D'ENERGIE | 1,76 % |
| SOINS & SERVICE DE SANTE | 1,63 % |
| IMMOBILIER | 1,59 % |
| COMPAGNIES D'ASSURANCE | 1,34 % |
| TRANSPORT & CIRCULATION | 1,31 % |
| TRANSPORTS AERIENS | 1,20 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 0,97 % |
| PRODUITS CHIMIQUES | 0,78 % |
| METAUX & PIERRES PRECIEUSES | 0,57 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 0,56 % |
| PRODUITS FORESTIERS & PAPIERS | 0,56 % |
| INDUSTRIE D'EMBALLAGE | 0,36 % |
| SOCIETES DIVERSIFIEES | 0,33 % |
| MATERIAUX DE CONSTRUCTION | 0,24 % |
| AERONAUTIQUE & DEFENSE | 0,19 % |
| LOISIRS & TOURISME | 0,14 % |
| DIFFUSION & EDITION | 0,12 % |
| DIVERS | 0,12 % |
| TELECOMMUNICATIONS | 0,10 % |
| DIVERS BIENS DE CAPITAUX | 0,10 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 0,09 % |
| INFORMATIQUE - REPRODUCTION | 0,08 % |
| Total du Portefeuille-Titres | 99,92 % |

| EMU SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 13,40 % |
| --- | --- |
| COMPAGNIES D'ASSURANCE | 12,49 % |
| IT & INTERNET | 8,83 % |
| PHARMACIE - COSMETIQUE | 8,67 % |
| DIVERS BIENS DE CAPITAUX | 7,11 % |
| BANQUES | 5,94 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 5,04 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 4,76 % |
| TEXTILE & HABILLEMENT | 4,49 % |
| PRODUITS CHIMIQUES | 3,26 % |
| DISTRIBUTION | 3,21 % |
| SERVICES FINANCIERS - HOLDINGS | 2,95 % |
| SOURCES D'ENERGIE | 2,60 % |
| BIENS DE CONSOMMATION DIVERS | 2,21 % |
| MATERIAUX DE CONSTRUCTION | 2,11 % |
| TELECOMMUNICATIONS | 2,04 % |
| PETROLE & DERIVES | 2,00 % |
| DIFFUSION & EDITION | 1,49 % |
| PNEUS & CAOUTCHOUC | 1,39 % |
| PRODUITS FORESTIERS & PAPIERS | 1,28 % |
| CONSTRUCTION MECANIQUE | 1,24 % |
| IMMOBILIER | 1,17 % |
| TRANSPORT & CIRCULATION | 0,70 % |
| METAUX NON-FERREUX | 0,61 % |
| VEHICULES ROUTIERS | 0,58 % |
| LOISIRS & TOURISME | 0,43 % |
| Total du Portefeuille-Titres | 100,00 % |

| Europe Behavioral Value | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 67,98 % |
| --- | --- |
| LIVRE STERLING | 15,56 % |
| COURONNE SUÉDOISE | 6,78 % |
| FRANC SUISSE | 4,24 % |
| COURONNE NORVÉGIENNE | 2,40 % |
| COURONNE DANOISE | 1,88 % |
| DOLLAR DES ETATS-UNIS | 0,81 % |
| Total du Portefeuille-Titres | 99,65 % |

| EMU Dividend | %  DE L ' ACTIF NET |
| --- | --- |

| EURO | 98,50 % |
| --- | --- |
| Total du Portefeuille-Titres | 98,50 % |

| Emerging MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| DOLLAR DE HONG-KONG | 21,83 % |
| --- | --- |
| DOLLAR DES ETATS-UNIS | 20,42 % |
| WON SUD CORÉEN | 13,51 % |
| DOLLAR TAIWANAIS | 12,78 % |
| ROUPIE INDIENNE | 9,17 % |
| REAL BRÉSILIEN | 5,10 % |
| RAND SUD-AFRICAIN | 3,40 % |
| EURO | 2,68 % |
| BAHT THAÏLANDAIS | 1,81 % |
| NOUVEAU PESO MEXICAIN | 1,76 % |
| RINGGIT DE MALAISIE | 1,55 % |
| ROUPIE INDOÉSIENNE | 1,32 % |
| PESO PHILIPPIN | 0,73 % |
| ZLOTY POLONAIS | 0,71 % |
| RIYAL DU QATAR | 0,69 % |
| DIRHAM DES ETATS ARABES UNIS | 0,53 % |
| PESO CHILIEN | 0,51 % |
| DINAR KOWEITIEN | 0,47 % |
| LIVRE TURQUE | 0,38 % |
| FORINT HONGROIS | 0,22 % |
| PESO COLOMBIEN | 0,17 % |
| COURONNE TCHÈQUE | 0,09 % |
| LIVRE STERLING | 0,07 % |
| Total du Portefeuille-Titres | 99,90 % |

| World SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| DOLLAR DES ETATS-UNIS | 54,89 % |
| --- | --- |
| EURO | 11,18 % |
| YEN JAPONAIS | 7,54 % |
| DOLLAR TAIWANAIS | 3,94 % |
| LIVRE STERLING | 3,24 % |
| FRANC SUISSE | 2,91 % |
| DOLLAR CANADIEN | 2,79 % |
| DOLLAR DE HONG-KONG | 2,69 % |
| DOLLAR AUSTRALIEN | 1,80 % |
| COURONNE DANOISE | 1,78 % |
| RAND SUD-AFRICAIN | 1,13 % |
| WON SUD CORÉEN | 1,10 % |
| ROUPIE INDIENNE | 0,99 % |
| REAL BRÉSILIEN | 0,77 % |
| COURONNE SUÉDOISE | 0,73 % |
| RINGGIT DE MALAISIE | 0,47 % |
| BAHT THAÏLANDAIS | 0,36 % |
| ROUPIE INDOÉSIENNE | 0,34 % |
| DOLLAR DE SINGAPOUR | 0,32 % |
| DOLLAR NEO-ZÉLANDAIS | 0,25 % |
| COURONNE NORVÉGIENNE | 0,21 % |
| NOUVEAU PESO MEXICAIN | 0,20 % |
| RIYAL DU QATAR | 0,18 % |
| PESO PHILIPPIN | 0,10 % |
| DIRHAM DES ETATS ARABES UNIS | 0,09 % |
| YUAN RENMINBI CHINOIS | 0,08 % |
| PESO CHILIEN | 0,08 % |
| ZLOTY POLONAIS | 0,02 % |
| Total du Portefeuille-Titres | 100,18 % |

| US SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| DOLLAR DES ETATS-UNIS EURO | 98,28 % 1,64 % |
| --- | --- |
| Total du Portefeuille-Titres | 99,92 % |

| EMU SRI MSCI Index | %  DE L ' ACTIF NET |
| --- | --- |

| EURO DOLLAR DES ETATS-UNIS | 99,35 % 0,65 % |
| --- | --- |
| Total du Portefeuille-Titres | 100,00 % |

Europe Behavioral Value
| Actions en circulation au début de l’exercice | - B | 553.158,747 |
| --- | --- | --- |
|  | - F | 42.143,500 |
|  | - N | 137.338,867 |
|  | - P | 6.423,000 |
|  | - W | 4.660,567 |
| Actions émises au cours de l’exercice | - B | 9.688,127 |
|  | - F | 134,430 |
|  | - N | 354,000 |
|  | - P | 89,000 |
|  | - W | 0,000 |
| Actions remboursées au cours de l’exercice | - B | 257.195,482 |
|  | - F | 39.831,470 |
|  | - N | 108.262,766 |
|  | - P | 4.382,000 |
|  | - W | 4.111,836 |
| Actions en circulation à la fin de l’exercice | - B | 305.651,392 |
|  | - F | 2.446,460 |
|  | - N | 29.430,101 |
|  | - P | 2.130,000 |
|  | - W | 548,731 |

EMU Dividend
| Actions en circulation au début de l’exercice | - A | 450,000 |
| --- | --- | --- |
|  | - B | 145.732,026 |
|  | - F | 7.000,000 |
|  | - N | 90.656,324 |
|  | - P | 4.659,000 |
| Actions émises au cours de l’exercice | - A | 600,000 |
|  | - B | 17,995 |
|  | - F | 0,000 |
|  | - N | 340,000 |
|  | - P | 0,000 |
| Actions remboursées au cours de l’exercice | - A | 0,000 |
|  | - B | 38.413,192 |
|  | - F | 7.000,000 |
|  | - N | 63.385,715 |
|  | - P | 4.659,000 |
| Actions en circulation à la fin de l’exercice | - A | 1.050,000 |
|  | - B | 107.336,829 |
|  | - F | - |
|  | - N | 27.610,609 |
|  | - P | - |

Emerging MSCI Index
| Actions en circulation au début de l’exercice | - A | 59.588,167 |
| --- | --- | --- |
|  | - B | 462.168,508 |
|  | - B USD | 14.207,453 |
|  | - F | 1.271.663,389 |
|  | - J | 17.137,000 |
|  | - M | 144.461,495 |
|  | - N | 363.670,796 |
|  | - P | 2.800,000 |
| Actions émises au cours de l’exercice | - A | 8.795,223 |
|  | - B | 38.135,783 |
|  | - B USD | 2.050,000 |
|  | - F | 500.286,297 |
|  | - J | 0,000 |
|  | - M | 18.292,739 |
|  | - N | 66.339,582 |
|  | - P | 1.025,000 |
| Actions remboursées au cours de l’exercice | - A | 16.616,983 |
|  | - B | 269.533,779 |
|  | - B USD | 0,000 |
|  | - F | 631.189,887 |
|  | - J | 210,000 |
|  | - M | 81.543,562 |
|  | - N | 265.190,713 |
|  | - P | 2.554,000 |
| Actions en circulation à la fin de l’exercice | - A | 51.766,407 |
|  | - B | 230.770,512 |
|  | - B USD | 16.257,453 |
|  | - F | 1.140.759,799 |
|  | - J | 16.927,000 |
|  | - M | 81.210,672 |
|  | - N | 164.819,665 |
|  | - P | 1.271,000 |

World SRI MSCI Index
| Actions en circulation au début de l’exercice | - A | 17.038,000 |
| --- | --- | --- |
|  | - B | 50.315,457 |
|  | - F | 710.740,376 |
|  | - J | 1.110,977 |
|  | - M | 18.219,338 |
|  | - N | 170,000 |
| Actions émises au cours de l’exercice | - A | 9.536,444 |
|  | - B | 19.358,661 |
|  | - F | 176.898,406 |
|  | - J | 771,000 |
|  | - M | 5.025,000 |
|  | - N | 0,000 |
| Actions remboursées au cours de l’exercice | - A | 1.620,000 |
|  | - B | 15.689,111 |
|  | - F | 444.500,174 |
|  | - J | 268,000 |
|  | - M | 2.283,790 |
|  | - N | 0,000 |
| Actions en circulation à la fin de l’exercice | - A | 24.954,444 |
|  | - B | 53.985,007 |
|  | - F | 443.138,608 |
|  | - J | 1.613,977 |
|  | - M | 20.960,548 |
|  | - N | 170,000 |

US SRI MSCI Index
| Actions en circulation au début de l’exercice | - A | 4.711,000 |
| --- | --- | --- |
|  | - A USD | 5.862,000 |
|  | - B | 45.198,618 |
|  | - E | 2.350,000 |
|  | - F | 738.234,675 |
|  | - F USD | 0,000 |
|  | - J | 2.437,551 |
|  | - M | 40.811,164 |
|  | - N | 63.781,546 |
|  | - P | 80,000 |
| Actions émises au cours de l’exercice | - A | 1.693,461 |
|  | - A USD | 227,000 |
|  | - B | 111.314,314 |
|  | - E | 0,000 |
|  | - F | 1.216.421,291 |
|  | - F USD | 437.344,706 |
|  | - J | 1.741,000 |
|  | - M | 4.698,813 |
|  | - N | 7.571,966 |
|  | - P | 0,000 |
| Actions remboursées au cours de l’exercice | - A | 3.388,605 |
|  | - A USD | 1.659,000 |
|  | - B | 48.722,023 |
|  | - E | 2.350,000 |
|  | - F | 404.869,681 |
|  | - F USD | 0,000 |
|  | - J | 1.102,841 |
|  | - M | 15.930,029 |
|  | - N | 43.001,366 |
|  | - P | 0,000 |
| Actions en circulation à la fin de l’exercice | - A | 3.015,856 |
|  | - A USD | 4.430,000 |
|  | - B | 107.790,909 |
|  | - E | - |
|  | - F | 1.549.786,285 |
|  | - F USD | 437.344,706 |
|  | - J | 3.075,710 |
|  | - M | 29.579,948 |
|  | - N | 28.352,146 |
|  | - P | 80,000 |

EMU SRI MSCI Index
| Actions en circulation au début de l’exercice | - A | 9.445,000 |
| --- | --- | --- |
|  | - B | 29.813,911 |
|  | - E | 3.000,000 |
|  | - F | 87.131,944 |
|  | - J | 694,796 |
|  | - M | 16.120,437 |
|  | - N | 62.511,574 |
| Actions émises au cours de l’exercice | - A | 190,000 |
|  | - B | 26.932,951 |
|  | - E | 0,000 |
|  | - F | 323.139,000 |
|  | - J | 0,000 |
|  | - M | 2.078,000 |
|  | - N | 1.619,000 |
| Actions remboursées au cours de l’exercice | - A | 300,000 |
|  | - B | 11.035,991 |
|  | - E | 0,000 |
|  | - F | 97.660,000 |
|  | - J | 481,796 |
|  | - M | 11.413,090 |
|  | - N | 34.771,003 |
| Actions en circulation à la fin de l’exercice | - A | 9.335,000 |
|  | - B | 45.710,871 |
|  | - E | 3.000,000 |
|  | - F | 312.610,944 |
|  | - J | 213,000 |
|  | - M | 6.785,347 |
|  | - N | 29.359,571 |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| Europe Behavioral Value | 31.12.2018 | 310.339.494,78 | - B | 658.731,944 | 40,15 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - F | 539.354,149 | 43,11 | EUR |
|  |  |  | - J | 10.167,000 | 10.822,61 | EUR |
|  |  |  | - N | 230.894,561 | 40,34 | EUR |
|  |  |  | - P | 12.984,000 | 10.845,92 | EUR |
|  |  |  | - W | 11.751,670 | 40,16 | EUR |
|  | 31.12.2019 | 119.719.856,18 | - B | 553.158,747 | 47,98 | EUR |
|  |  |  | - F | 42.143,500 | 51,79 | EUR |
|  |  |  | - N | 137.338,867 | 48,45 | EUR |
|  |  |  | - P | 6.423,000 | 13.096,54 | EUR |
|  |  |  | - W | 4.660,567 | 48,23 | EUR |
|  | 31.12.2020 | 40.306.371,47 | - B | 305.651,392 | 43,52 | EUR |
|  |  |  | - F | 2.446,460 | 47,24 | EUR |
|  |  |  | - N | 29.430,101 | 44,17 | EUR |
|  |  |  | - P | 2.130,000 | 12.002,26 | EUR |
|  |  |  | - W | 548,731 | 43,93 | EUR |

| EMU Dividend | 31.12.2018 | 88.834.125,09 | - A | 450,000 | 90,07 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 186.903,200 | 93,95 | EUR |
|  |  |  | - F | 48.290,000 | 93,67 | EUR |
|  |  |  | - N | 164.156,749 | 94,64 | EUR |
|  |  |  | - P | 4.729,000 | 10.821,41 | EUR |
|  | 31.12.2019 | 87.574.015,28 | - A | 450,000 | 101,88 | EUR |
|  |  |  | - B | 145.732,026 | 110,84 | EUR |
|  |  |  | - F | 7.000,000 | 111,37 | EUR |
|  |  |  | - N | 90.656,324 | 112,49 | EUR |
|  |  |  | - P | 4.659,000 | 12.963,85 | EUR |
|  | 31.12.2020 | 12.691.769,54 | - A | 1.050,000 | 80,78 | EUR |
|  |  |  | - B | 107.336,829 | 92,99 | EUR |
|  |  |  | - N | 27.610,609 | 95,09 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| Emerging MSCI Index | 31.12.2018 | 486.185.939,08 | - A | 50.772,316 | 93,95 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 518.540,953 | 123,91 | EUR |
|  |  |  | - B USD | 14.207,453 | 91,01 | USD |
|  |  |  | - F | 1.059.734,528 | 124,76 | EUR |
|  |  |  | - J | 17.087,000 | 11.660,03 | EUR |
|  |  |  | - M | 98.755,064 | 94,07 | EUR |
|  |  |  | - N | 398.750,582 | 124,06 | EUR |
|  |  |  | - P | 2.214,000 | 11.668,22 | EUR |
|  | 31.12.2019 | 615.424.002,00 | - A | 59.588,167 | 109,51 | EUR |
|  |  |  | - B | 462.168,508 | 148,25 | EUR |
|  |  |  | - B USD | 14.207,453 | 106,92 | USD |
|  |  |  | - F | 1.271.663,389 | 149,55 | EUR |
|  |  |  | - J | 17.137,000 | 13.987,80 | EUR |
|  |  |  | - M | 144.461,495 | 109,80 | EUR |
|  |  |  | - N | 363.670,796 | 148,65 | EUR |
|  |  |  | - P | 2.800,000 | 14.008,11 | EUR |
|  | 31.12.2020 | 539.470.735,95 | - A | 51.766,407 | 114,17 | EUR |
|  |  |  | - B | 230.770,512 | 159,77 | EUR |
|  |  |  | - B USD | 16.257,453 | 125,59 | USD |
|  |  |  | - F | 1.140.759,799 | 161,46 | EUR |
|  |  |  | - J | 16.927,000 | 15.113,47 | EUR |
|  |  |  | - M | 81.210,672 | 114,67 | EUR |
|  |  |  | - N | 164.819,665 | 160,44 | EUR |
|  |  |  | - P | 1.271,000 | 15.147,17 | EUR |

| World SRI MSCI Index | 31.12.2018 | 102.922.312,73 | - A | 16.839,000 | 108,79 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 55.160,246 | 111,47 | EUR |
|  |  |  | - F | 571.116,578 | 112,20 | EUR |
|  |  |  | - J | 873,977 | 24.394,54 | EUR |
|  |  |  | - M | 14.562,338 | 109,03 | EUR |
|  |  |  | - N | 7.418,545 | 113,79 | EUR |
|  |  |  | - P | 63.000,000 | 112,84 | EUR |
|  | 31.12.2019 | 151.410.777,54 | - A | 17.038,000 | 138,21 | EUR |
|  |  |  | - B | 50.315,457 | 144,77 | EUR |
|  |  |  | - F | 710.740,376 | 146,15 | EUR |
|  |  |  | - J | 1.110,977 | 31.814,16 | EUR |
|  |  |  | - M | 18.219,338 | 138,86 | EUR |
|  |  |  | - N | 170,000 | 148,09 | EUR |
|  | 31.12.2020 | 143.751.948,82 | - A | 24.954,444 | 148,46 | EUR |
|  |  |  | - B | 53.985,007 | 159,39 | EUR |
|  |  |  | - F | 443.138,608 | 161,38 | EUR |
|  |  |  | - J | 1.613,977 | 35.173,06 | EUR |
|  |  |  | - M | 20.960,548 | 149,54 | EUR |
|  |  |  | - N | 170,000 | 163,45 | EUR |

| US SRI MSCI Index | 31.12.2018 | 116.417.766,01 | - A | 6.621,000 | 116,94 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - A USD | 7.175,000 | 121,47 | USD |
|  |  |  | - B | 43.576,296 | 120,71 | EUR |
|  |  |  | - E | 2.350,000 | 121,47 | EUR |
|  |  |  | - F | 463.740,013 | 121,47 | EUR |
|  |  |  | - J | 1.522,551 | 24.686,43 | EUR |
|  |  |  | - M | 26.973,370 | 117,19 | EUR |
|  |  |  | - N | 101.337,880 | 120,96 | EUR |
|  | 31.12.2019 | 229.051.779,90 | - A | 4.711,000 | 153,89 | EUR |
|  |  |  | - A USD | 5.862,000 | 157,26 | USD |
|  |  |  | - B | 45.198,618 | 161,44 | EUR |
|  |  |  | - E | 2.350,000 | 160,30 | EUR |
|  |  |  | - F | 738.234,675 | 162,94 | EUR |
|  |  |  | - J | 2.437,551 | 33.155,44 | EUR |
|  |  |  | - M | 40.811,164 | 154,58 | EUR |
|  |  |  | - N | 63.781,546 | 162,19 | EUR |
|  |  |  | - P | 80,000 | 25.927,84 | EUR |
|  | 31.12.2020 | 485.335.322,95 | - A | 3.015,856 | 173,31 | EUR |
|  |  |  | - A USD | 4.430,000 | 193,66 | USD |
|  |  |  | - B | 107.790,909 | 184,90 | EUR |
|  |  |  | - F | 1.549.786,285 | 187,16 | EUR |
|  |  |  | - F USD | 437.344,706 | 123,11 | USD |
|  |  |  | - J | 3.075,710 | 38.132,50 | EUR |
|  |  |  | - M | 29.579,948 | 174,53 | EUR |
|  |  |  | - N | 28.352,146 | 186,24 | EUR |
|  |  |  | - P | 80,000 | 29.857,31 | EUR |

| EMU SRI MSCI Index | 31.12.2018 | 49.039.072,12 | - A | 13.208,000 | 104,64 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| (EUR) |  |  | - B | 66.353,186 | 109,06 | EUR |
|  |  |  | - E | 3.000,000 | 87,76 | EUR |
|  |  |  | - F | 108.789,944 | 93,68 | EUR |
|  |  |  | - J | 648,796 | 21.984,51 | EUR |
|  |  |  | - M | 15.028,492 | 104,88 | EUR |
|  |  |  | - N | 129.240,347 | 109,30 | EUR |
|  | 31.12.2019 | 47.226.786,10 | - A | 9.445,000 | 131,09 | EUR |
|  |  |  | - B | 29.813,911 | 141,21 | EUR |
|  |  |  | - E | 3.000,000 | 110,27 | EUR |
|  |  |  | - F | 87.131,944 | 121,63 | EUR |
|  |  |  | - J | 694,796 | 28.580,96 | EUR |
|  |  |  | - M | 16.120,437 | 131,72 | EUR |
|  |  |  | - N | 62.511,574 | 141,87 | EUR |
|  | 31.12.2020 | 57.014.920,01 | - A | 9.335,000 | 125,61 | EUR |
|  |  |  | - B | 45.710,871 | 140,66 | EUR |
|  |  |  | - E | 3.000,000 | 105,97 | EUR |
|  |  |  | - F | 312.610,944 | 121,51 | EUR |
|  |  |  | - J | 213,000 | 28.589,74 | EUR |
|  |  |  | - M | 6.785,347 | 126,57 | EUR |
|  |  |  | - N | 29.359,571 | 141,69 | EUR |


## NOTE 1 - PRINCIPES ET MÉTHODES COMPTABLES
Ces états financiers sont préparés conformément aux principes comptables généralement admis à Luxembourg.
- Evaluation du portefeuille-titres et des instruments dérivés
	- L’évaluation de toutes valeurs mobilières, négociées ou cotées sur une bourse de valeurs, est déterminée suivant leur dernier cours connu à Luxembourg le jour d’évaluation en question.
	- L’évaluation de toutes valeurs mobilières, négociées sur un autre marché réglementé, en fonctionnement régulier, reconnu et ouvert au public, fournissant des garanties comparables, est basée sur leur dernier cours publié disponible le jour d'évaluation en question.
	- L’évaluation de toutes valeurs mobilières non cotées ou négociées sur une bourse de valeurs ou un autre marché réglementé, en fonctionnement régulier, reconnu et ouvert au public, est basée sur leur dernier cours disponible à Luxembourg le jour d’évaluation en question, sauf si ce cours n’est pas représentatif de la valeur réelle de ces valeurs mobilières; dans ce cas, celles-ci sont évaluées sur base de leur valeur probable de réalisation qui est estimée avec prudence et bonne foi par le Conseil d’Administration.
	- Les actions ou les parts d’autres OPC sont évaluées sur la base de la dernière valeur nette d’inventairedisponible.

- Évaluation des opérations de change à termeLes bénéfices ou pertes (de change) non réalisé(e)s résultant des opérations de change à terme non échues sont déterminé(e)s au Jour d’Evaluation sur la base des taux de change à terme applicables à cette date.
- Évaluation des contrats financiers à termeLes contrats financiers à terme sont évalués au dernier prix publié, applicable à la date d’évaluation. Les bénéfices et pertes réalisés et les variations des bénéfices et pertes non-réalisés sont enregistrés dans l’état des opérations. Les bénéfices et pertes réalisés sont déterminés selon la méthode FIFO, d’après laquelle les contrats acquis en premier sont considérés comme ayant été vendus en premier.
- Évaluation des produits dérivésLa valeur des instruments dérivés (options et futures) négociés ou cotés à une bourse de valeurs ou un marché organisé, est déterminée suivant leur dernier cours de liquidation sur la bourse de valeurs ou le marché organisé sur lequel sont traités les dits instruments, étant entendu que si l’un des susdits instruments dérivés ne peut être liquidé au jour pris en compte pour déterminer les valeurs applicables, la valeur de cet instrument dérivé ou de ces instruments dérivés est déterminée de façon prudente et raisonnable par le Conseil d’Administration.
- Plus-values et moins-values nettes réalisées sur investissementsLes plus ou moins-values nettes réalisées sur ventes de titres sont calculées sur la base du coût moyen des titres vendus.
- Conversion des devises étrangèresPour les titres libellés en devises autres que la devise de la SICAV, le coût d’acquisition est calculé sur base du cours de change en vigueur au jour de l’achat.
- Coût d'acquisition des titres en portefeuilleLe coût d’acquisition des titres exprimés en devises autres que la devise du compartiment est converti dans la devise du compartiment sur base du cours de change en vigueur au jour de l’achat.
- Frais d’établissement et de réorganisationLes frais d’établissement et de réorganisation sont amortis linéairement sur une période de cinq ans.
- Variation des plus ou moins-values nettes non réaliséesLes plus-values et moins-values non réalisées à la fin de l'exercice figurent également dans le résultat des opérations.
- Achats et ventes des titres en portefeuilleLe détail des achats et ventes des titres en portefeuille peut être obtenu au siège social de la SICAV.
- Revenus, dépenses et provisions y relativesLes intérêts sur obligations et placements sont comptabilisés sur une base journalière. Les dividendes sont pris en compte à la date où le titre concerné est coté pour la première fois "ex-dividende".
- Evaluation des futuresLes gains/pertes non réalisés sur ces futures ainsi que les appels de marge y relatifs sont présentés dansl’état du patrimoine.

Les gains/pertes réalisés sur futures ainsi que la variation des gains/pertes sur futures figurent dans
l’état des opérations et l’état des autres variations de l’actif net.
- Variation du portefeuille-titresLe tableau des variations du portefeuille-titres est disponible sans frais au siège de la SICAV.


## NOTE 2 - TAUX DE CHANGE
1  EUR	=	1,22355 USD

## NOTE 3 - TAXES ET FRAIS À PAYER
| Commission de gestion Commission de banque dépositaire Taxe d'abonnement Frais et commissions divers | 640.988,56	EUR 32.181,27	EUR 48.686,16	EUR 514.910,57	EUR |
| --- | --- |
| Total | 1.236.766,56	EUR |

NOTE 4 - COMMISSION DE GESTION
En rémunération de ses prestations, la Société de Gestion perçoit du compartiment une commission annuelle fixée à :
Cette commission couvre la rémunération propre de la Société de Gestion ainsi que la rémunération de Degroof Petercam Asset Management S.A. ("DPAM") pour ses diverses fonctions, à savoir gestion et distribution globale.
Cette commission est payable trimestriellement et calculée sur base des actifs nets moyens de chacune des classes d’actions du compartiment au cours du trimestre sous revue.

## NOTE 5 - TAXE D'ABONNEMENT
La SICAV est soumise au Luxembourg à une taxe correspondant à 0,05% par an de ses avoirs nets; cette taxe est réduite à 0,01% par an des avoirs nets attribuables aux classes d’actions réservées aux investisseurs institutionnels tel que défini par la Loi de 2010. Cette taxe est calculée et payable chaque trimestre et son assiette est constituée par les avoirs nets de la SICAV à la clôture du trimestre concerné. La taxe d’abonnement n’est pas due sur les quotités d’avoirs investis en OPC déjà soumis à l’application de cette taxe.
La taxe n’est pas due sur la quotité d’actifs nets investis en OPC déjà soumis à l’application de cette taxe.
En outre, la SICAV étant enregistrée en Belgique, elle est de plus soumise à une taxe au taux annuel de 0,0925% calculée pour l’année 2020 sur base de la valeur des actions distribuées en Belgique telle qu’établie au 31 décembre 2019.

## NOTE 6 - COMMISSIONS SUR SOUSCRIPTIONS ET FRAIS DE SOUSCRIPTIONS ET RACHATS REVERSÉS AUX COMPARTIMENTS
Les actions sont émises à un prix de souscription se composant de la valeur nette d'inventaire d'une action augmentée, d’un droit d’entrée représentant un certain pourcentage de la valeur nette d’inventaire d’une action, tel que décrit ci-dessous :
En outre, les frais de souscription et de rachat reversés aux compartiments sont les suivants:

## NOTE 7 - FRAIS D'ADMINISTRATION
En rémunération de ses fonctions d’Agent Domiciliataire, d’Agent Administratif, d’Agent de Transfert et Teneur de Registre de la SICAV, Degroof Petercam Asset Services S.A. reçoit de chaque compartiment, les rémunérations suivantes :
- une commission annuelle au taux maximum de 0,100%, payable trimestriellement et calculée sur base des actifs nets moyens du compartiment au cours du trimestre sous revue;
- une commission annuelle forfaitaire de EUR 2.000,- par classe d’actions active.


## NOTE 8 - COMMISSION DE BANQUE DÉPOSITAIRE
En rémunération de ses prestations, la Banque Dépositaire reçoit de chaque compartiment une commission annuelle au taux maximum de 0,010% p.a. Cette commission est payable trimestriellement et calculée sur base des actifs nets moyens du compartiment au cours du trimestre sous revue.

## NOTE 9 - FRAIS DE TRANSACTIONS
La rubrique "frais de transactions" comprend les frais de courtage, commissions bancaires, taxes, frais de dépositaire et autres sur les achats et les ventes de la période.

## NOTE 10 - PRÊTS DE TITRES
La SICAV peut prêter les titres inclus dans son portefeuille à un emprunteur soit directement soit par l’intermédiaire d’un système standardisé de prêt organisé par un organisme reconnu de compensation de titres ou d'un système de prêt organisé par une institution financière soumis à des règles de surveillance prudentielle considérées par la CSSF comme équivalentes à celles prévues par la législation communautaire et spécialisée dans ce type d'opérations.
Au cours de l’année 2020, il n'y a pas eu de prêts de titres.

## NOTE 11 - INDEX TRACKING

### Emerging MSCI Index
La performance du compartiment Emerging MSCI Index a été de 7,96% (classe F) et de 7,77% (classe B) pour la période du 1er janvier 2020 au 31 décembre 2020.
Pour la même période, l'indice de référence MSCI Emerging index net total return en euro a augmenté de 8,54%. Cette différence est expliquée par le TER du compartiment.

### World SRI MSCI Index
La performance du compartiment WORLD SRI MSCI Index a été de 10,42% (classe F) et de 10,10% (classe B) pour la période du 1er janvier 2020 au 31 décembre 2020.
Pour la même période, l'indice de référence MSCI ACWI SRI index net total return en euro a augmenté de 10,83%. Cette différence est expliquée par le TER du compartiment.

### US SRI MSCI Index
La performance du compartiment US SRI MSCI Index a été de 14,86% (classe F) et de 14,53% (classe B) pour la période du 1er janvier 2020 au 31 décembre 2020.
Pour la même période, l'indice de référence MSCI USA SRI index net total return en euro a augmenté de 15,42%. Cette différence est expliquée par le TER du compartiment.

### EMU SRI MSCI Index
La performance du compartiment EMU SRI MSCI Index a été de -0,39% (classe B) et de -4,18% (classe A) pour la période du 1er janvier 2020 au 31 décembre 2020.
Pour la même période, l'indice de référence MSCI EMU SRI index net total return en euro a diminué de
-2,06%. Cette différence est expliquée par le TER du compartiment.

## NOTE 12 - DIVIDENDES
Sur proposition du Conseil d'Administration, l'Assemblée Générale Ordinaire des actionnaires a décidé, en date du 27 avril 2020, de payer un dividende aux actions de distribution des compartiments suivants:
| DPAM Equities L EMU Dividend -A | LU1531778998 | EUR | 4,35 |
| --- | --- | --- | --- |
| DPAM Equities L Emerging MSCI Index -A | LU1531779889 | EUR | 3,18 |
| DPAM Equities L Emerging MSCI Index -M | LU1531780200 | EUR | 3,18 |
| DPAM Equities L World SRI MSCI Index -A | LU1494414250 | EUR | 3,25 |
| DPAM Equities L World SRI MSCI Index -M | LU1531780622 | EUR | 3,26 |
| DPAM Equities L US SRI MSCI Index -A | LU1494415224 | EUR | 2,61 |
| DPAM Equities L US SRI MSCI Index -A USD | LU1494415497 | USD | 2,20 |
| DPAM Equities L US SRI MSCI Index -E | LU1494415737 | EUR | 2,72 |
| DPAM Equities L US SRI MSCI Index -M | LU1531781430 | EUR | 2,63 |
| DPAM Equities L EMU SRI MSCI Index -A | LU1494416206 | EUR | 4,50 |
| DPAM Equities L EMU SRI MSCI Index -E | LU1494416891 | EUR | 3,78 |
| DPAM Equities L EMU SRI MSCI Index -M | LU1531781869 | EUR | 4,52 |

Les actions ont été cotées ex-dividende en date du 10 juin 2020. Le paiement a été effectué en date du 17 juin 2020.

## NOTE 13 - "SWING PRICING"
Le swing pricing a été identifié comme un mécanisme capable de protéger la performance d'un fonds et de ce fait l'intérêt des investisseurs existants contre les effets de dilution des transactions fréquentes générés par les importantes entrées ou sorties nettes dans un fonds. L’investisseur n’est affecté par le swing pricing qu’au moment où il souscrit ou rachète.
Une seule VNI est déclarée pour toutes les performances et comparaisons externes, ainsi que pour l'exécution des ordres de souscription, de rachat et de conversion. Par conséquent, lorsque le swing pricing est activé, c'est le prix swingué qui est déclaré.
Le revenu généré par le swing de la VNI revient au fonds et, dans le cas d'un fonds à plusieurs classes d'action, est attribué à toutes les classes d'action du fonds sur la même base que pour tout élément de revenu ou de capital au niveau du fonds.
Le mécanisme de swing appliqué est le swing partiel (swing avec un seuil de déclenchement). Le mécanisme du swing est appliqué uniquement lorsque le seuil du swing prédéfini est dépassé.

### Seuil du swing
Le seuil de swing est la valeur nette des ordres de souscription, de rachat et de conversion reçus par l'agent de transfert pour un fonds unique au cours d'un jour ouvré, exprimée en pourcentage de la VNI, nécessaire pour déclencher le processus de swing de la VNI. Le Conseil d'Administration du fonds détermine par résolution circulaire le seuil applicable, en tenant compte de l'impact de l'ajustement sur la volatilité de la VNI. Le seuil est revu périodiquement.

### Swing factor
Le swing factor est le montant, exprimé en pourcentage, dont la VNI est ajustée afin de protéger les investisseurs existants dans un fonds contre le coût de la négociation de titres résultant de l'activité en capital. Le swing factor est déclenché lorsque l'activité en capital dépasse le seuil prédéfini du swing partiel.
La valeur du swing factor sera déterminée par le Conseil d'Administration et peut varier d'un compartiment à l'autre sans toutefois dépasser 3 % de la VNI non ajustée.
Le swing factor est contrôlé et calculé en permanence par le département Risk Management de DPAS. Le facteur est déterminé dans des conditions de marché normales et habituelles sur la base de la moyenne pondérée de l'écart entre les cours acheteur et vendeur de chaque position du portefeuille.
Le swing factor applicable sera modifié lorsque la dernière valeur calculée dépasse la précédente valeur validée par le conseil d'administration de plus de 10 points de base. Dans ce cas, la procédure d'escalade sera appliquée et le swing factor sera approuvé par le conseil d'administration du fonds par une résolution circulaire et mis à jour pour les compartiments concernés.
Toutes les données relatives à la détermination et à la révision des swing factors et des seuils sont archivées électroniquement dans la base de données DPAS.
L’orientation du swing découle des flux nets de capitaux applicables à une VNI. En cas d’entrées nettes de capitaux, le swing factor lié aux souscriptions d’actions du compartiment est ajouté à la VNI et en cas de rachats nets, le swing factor lié aux rachats des actions du compartiment en question est déduit de la VNI. Dans les deux cas, tous les investisseurs entrants/sortants à une date donnée se voient appliquer une seule et même VNI.
Aucun swing factor n'a été appliqué sur les valeurs nettes d'inventaires de clôture de cette exercice sur l'ensemble des compartiments de la SICAV.

## NOTE 14 - EVÈNEMENTS SURVENUS PENDANT L'EXERCICE
La classe F du compartiment EMU Dividend a liquidé le 6 mars 2020 et la classe P a liquidé le 29 septembre 2020.
La classe F USD du compartiment US SRI MSCI Index a été réactivée le 5 août 2020 et la classe E a liquidé le 10 novembre 2020.
La pandémie de COVID-19 (coronavirus) menace toujours gravement la santé de la population mondiale et perturbe encore fortement la vie des gens au quotidien depuis maintenant plus d’une année. Cela a bien évidement une incidence sur l’économie mondiale bien que la finance dans son secteur spécifique ne soit pas le secteur le plus défavorisé. La plupart des secteurs de l’économie sont touchés et certains sont frappés extrêmement durement. L'exercice 2020 a été marqué par certains impacts négatifs sur la
valorisation des actions, obligations, fonds et autres investissements et l’exercice 2021 devrait subir le même sort au regard des prévisions actuelles sur la pandémie en continuelle évolution. Les mesures actuelles et/ou nouvelles prises par les autorités sanitaires pour contenir la propagation du virus, bien que nécessaires, ont eu et continueront à avoir elles aussi des répercussions considérables sur l’activité économique. Il nous reste à espérer que même si ces effets sont importants, ils seront en définitive temporaires. Partout dans le monde, les autorités ont pris et continuent à prendre des mesures énergiques et indispensables pour contenir la diffusion du virus, et pour soutenir les particuliers et les entreprises en ces temps très difficiles. Nous pouvons espérer que la vaccination pourra apporter une lueur d’espoir pour 2021. Le Conseil d'Administration n'est actuellement pas en mesure d'estimer avec précision les conséquences de cette pandémie, mais suit de près la situation.

### Détermination du risque global
La SICAV devra veiller à ce que son exposition globale sur instruments financiers dérivés n’excède pas
la valeur nette totale de son portefeuille.
L’exposition globale est une mesure conçue pour limiter l’effet de levier généré au niveau de chaque compartiment par l’utilisation d’instruments financiers dérivés. La méthode utilisée pour calculer l’exposition globale de chaque compartiment de la SICAV sera celle des engagements. La méthode des engagements consiste à convertir les positions sur instruments financiers dérivés en positions équivalentes sur les actifs sous-jacents puis à agréger la valeur de marché de ces positions équivalentes.
Le niveau de levier maximal en instruments financiers dérivés en suivant la méthodologie des engagements sera de 100%.

### Rémunération
- GénéralitésDegroof Petercam Asset Services S.A. ("DPAS") applique une politique de rémunération qui a été conçue de façon à ne pas encourager les prises de risque inconsidérées. À cet égard, ladite politique intègre, dans son système de gestion des performances, des critères de risque spécifiquement adaptés aux divisions concernées. DPAS a mis en place toute une série de garde-fous destinés à empêcher le personnel de prendre des risques inconsidérés par rapport au profil d’activité.

La structure de gouvernance de la politique de rémunération (
"
la Politique
"
) vise à éviter tout conflit d’intérêts en interne. La Politique est établie par le Comité de rémunération et approuvée par le Directoire. La Politique suit un processus rigoureux définissant les principes, l’approbation, la communication, la mise en œuvre, la révision et l’actualisation de la Politique avec l’implication du Directoire, des Ressources Humaines, de l’audit interne et des autres fonctions de contrôle.
Les performances sont évaluées au niveau du Groupe et de DPAS. Les évaluations individuelles du personnel sont fondées sur la fixation d’objectifs financiers et non financiers déterminés en fonction des spécificités et de la portée de la fonction du collaborateur évalué. Par conséquent, les évaluations individuelles portent sur l’accomplissement ou non par le collaborateur des objectifs qui lui ont été assignés et à apprécier sa création de valeur à long terme. De surcroît, les performances permettent également l’évaluation des compétences commerciales et relationnelles et sont liées aux réalisations individuelles du collaborateur. Les critères pris en compte pour établir la rémunération fixe sont : la complexité des tâches, le niveau de responsabilité, les performances ainsi que les conditions du marché local.
- 
### Méthodologie

DPAS est titulaire d’une double licence, puisqu’elle exerce d’une part en qualité de société de gestion conformément au chapitre 15 de la loi du 17 décembre 2010 concernant les organismes de placement collectif, et d’autre part en qualité de gestionnaire de fonds d’investissement alternatifs en vertu de la loi du 12 juillet 2013 relative aux gestionnaires de fonds d’investissement alternatifs ("GFIA").
Dans le cadre de ces deux lois, les responsabilités incombant à DPAS pour l’exercice de ses deux métiers sont relativement similaires. DPAS estime pouvoir affirmer à bon droit que son personnel est rémunéré de la même façon pour les tâches relevant de l’administration d’organismes de placement collectif en valeurs mobilières ("OPCVM") et de fonds d’investissement alternatifs ("FIA").
Par conséquent, la rémunération, comme précédemment évoqué, est le rapport entre les actifs sous gestion ("ASG") de tous les OPCVM sous la responsabilité de DPAS et le total des ASG additionné des Actifs sous Administration ("ASA"). Sur la base des ASG et ASA calculés au 31 décembre 2020, ce ratio s’élève à 58,62% (71,82% en 2019).
Au 31 décembre 2020, DPAS, la société de gestion, totalisait 30,493 milliards EUR d’ASG pour les OPCVM.
Afin d’évaluer la proportion de la rémunération du personnel de la société de gestion imputable à l’ensemble des OPCVM gérés, il convient d'appliquer le ratio susmentionné à la rémunération annuelle du personnel concerné.
Afin d’évaluer la proportion de la rémunération du personnel de la société de gestion imputable à cet OPCVM uniquement, il convient d’appliquer à la rémunération annuelle du personnel concerné le ratio découlant du rapport entre les ASG de cet OPCVM et le total des ASG de l’ensemble des OPCVM.
- 
### Rémunération par catégorie de personnel

Le tableau ci-dessous précise, par catégorie de personnel, comment est allouée la rémunération totale des collaborateurs de la société de gestion sur la base des ASG de tous les OPCVM :
| Catégorie de personnel | Nombre de bénéficiaires (*) | Rémunération totale (en EUR) | Rémunération fixe versée (en EUR) | Rémunération variable versée (en EUR) |
| --- | --- | --- | --- | --- |
| Senior Management (**) | 4 | 635,917 | 472,780 | 163,137 |
| Personnel identifié (***) | 2 | 130,651 | 112,955 | 17,696 |
| Autre personnel | 121 | 4,503,655 | 3,836,094 | 667,561 |
|  | 127	5,270,223 | 4,421,829 | 848,394 |

(*) Aucun critère de proportionnalité n’est appliqué (**) Directoire
(***) Personnel identifié autre que celui reporté dans la catégorie Senior Management Tous les chiffres se rapportent à l’année civile 2020.
- Plus-values (carried interest) versées par les OPCVMAucun collaborateur de la société de gestion ne reçoit de plus-values en provenance d’un quelconque OPCVM.
- 
### Revue de la politique de rémunération

La Politique de Rémunération de DPAS est soumise à une revue annuelle, au minimum. Elle a été revue et mise à jour en 2020.
La Politique de Rémunération de DPAS a été validée par le Directoire le 19 janvier 2021.

### Transparence des opérations de financement sur titres et de la réutilisation du collatéral cash ("SFTR")
Conformément à l’article 13 et à la Section A de l’Annexe du Règlement EU 2015/2365 (ci-après le "Règlement"), le Fonds doit informer les investisseurs de l’utilisation qu’elle fait des opérations de financement sur titres et des contrats d’échange sur rendement global dans le rapport annuel et le rapport semestriel.
A la date des états financiers, la SICAV n’est pas concernée par les exigences de publications SFTR. Aucune
opération correspondante n’a été réalisée au cours de la période de référence des états financiers.