# Cautious 85% Protected Fund
Schedule of significant portfolio movements for the financial year ended 31 July 2022
(continued)
| Total disposals in the year |  | € 273,535,017 |
| --- | --- | --- |
| Material disposals | Nominal holdings | Proceeds € |
| iShares Core EUR Corporate Bond UCITS ETF | 112,152 | 14,520,252 |
| iShares EUR Corporate Bond Large Cap UCITS ETF | 95,314 | 12,739,506 |
| SSAB | 2,275,941 | 11,191,255 |
| Sydbank | 302,059 | 9,193,257 |
| iShares USD Corporate Bond UCITS ETF | 76,519 | 8,199,493 |
| Jyske Bank | 171,952 | 8,149,108 |
| NCC | 492,795 | 7,138,995 |
| iShares EUR High Yield Corporate Bond UCITS ETF | 69,091 | 6,791,637 |
| Aker Carbon Capture | 2,562,901 | 6,547,854 |
| Invesco S&P 500 UCITS ETF | 7,881 | 5,828,468 |
| Kongsberg Gruppen | 179,550 | 5,813,504 |
| BKW | 48,162 | 5,500,295 |
| Elkem | 1,512,518 | 5,164,388 |
| iShares Core EUR Government Bond UCITS ETF | 37,564 | 4,755,980 |
| Suedzucker | 332,577 | 4,651,571 |
| db x-trackers II Eurozone Government Bond UCITS ETF | 18,423 | 4,432,164 |
| iShares Global Corporate Bond EUR Hedged UCITS ETF Distributing | 43,373 | 4,305,777 |
| iShares EUR Corporate Bond Interest Rate Hedged UCITS ETF | 45,370 | 4,268,717 |
| Deutsche Pfandbriefbank | 377,915 | 4,088,285 |
| Grieg Seafood | 278,897 | 4,052,348 |
| Hafnia | 1,333,507 | 4,039,664 |
| SpareBank 1 SR-Bank | 300,329 | 3,960,908 |
| iShares Core S&P 500 UCITS ETF | 9,704 | 3,884,308 |
| iShares Core MSCI Pacific ex-Japan UCITS ETF | 25,336 | 3,858,774 |
| Ocean Yield | 947,555 | 3,845,088 |
| Ringkjoebing Landbobank | 33,142 | 3,786,483 |
| iShares JP Morgan $ Emerging Markets Bond EUR Hedged UCITS ETF | 45,940 | 3,741,994 |
| SpareBank 1 SMN | 263,977 | 3,705,890 |
| Topdanmark | 70,192 | 3,610,404 |
| Fielmann | 72,382 | 3,454,870 |
| D'Ieteren | 24,390 | 3,404,844 |
| Spar Nord Bank | 316,664 | 3,391,001 |
| OCI | 103,139 | 3,273,572 |
| Atea | 213,438 | 3,104,567 |
| Storskogen | 501,938 | 2,927,516 |
| FLSmidth | 91,673 | 2,852,699 |
| VanEck Vectors iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | 138,601 | 2,793,329 |
| Emmi | 2,953 | 2,768,207 |
| Accell Group | 52,801 | 2,737,732 |

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

Translation (ENFR, 2022-07-31):
# Cautious 85% Protected Fund
État des principales variations du portefeuille pour l’exercice clos le 31 juillet 2022 (suite)
| Total des cessions pour l’exercice |  | 273 535 017 EUR |
| --- | --- | --- |
|  | Participations | Produit |
| Principales cessions | nominales | EUR |
| iShares Core EUR Corporate Bond UCITS ETF | 112 152 | 14 520 252 |
| iShares EUR Corporate Bond Large Cap UCITS ETF | 95 314 | 12 739 506 |
| SSAB | 2 275 941 | 11 191 255 |
| Sydbank | 302 059 | 9 193 257 |
| iShares USD Corporate Bond UCITS ETF | 76 519 | 8 199 493 |
| Jyske Bank | 171 952 | 8 149 108 |
| NCC | 492 795 | 7 138 995 |
| iShares EUR High Yield Corporate Bond UCITS ETF | 69 091 | 6 791 637 |
| Aker Carbon Capture | 2 562 901 | 6 547 854 |
| Invesco S&P 500 UCITS ETF | 7 881 | 5 828 468 |
| Kongsberg Gruppen | 179 550 | 5 813 504 |
| BKW | 48 162 | 5 500 295 |
| Elkem | 1 512 518 | 5 164 388 |
| iShares Core EUR Government Bond UCITS ETF | 37 564 | 4 755 980 |
| Suedzucker | 332 577 | 4 651 571 |
| db x-trackers II Eurozone Government Bond UCITS ETF | 18 423 | 4 432 164 |
| iShares Global Corporate Bond EUR Hedged UCITS ETF Distributing | 43 373 | 4 305 777 |
| iShares EUR Corporate Bond Interest Rate Hedged UCITS ETF | 45 370 | 4 268 717 |
| Deutsche Pfandbriefbank | 377 915 | 4 088 285 |
| Grieg Seafood | 278 897 | 4 052 348 |
| Hafnia | 1 333 507 | 4 039 664 |
| SpareBank 1 SR-Bank | 300 329 | 3 960 908 |
| iShares Core S&P 500 UCITS ETF | 9 704 | 3 884 308 |
| iShares Core MSCI Pacific ex-Japan UCITS ETF | 25 336 | 3 858 774 |
| Ocean Yield | 947 555 | 3 845 088 |
| Ringkjoebing Landbobank | 33 142 | 3 786 483 |
| iShares JP Morgan $ Emerging Markets Bond EUR Hedged UCITS ETF | 45 940 | 3 741 994 |
| SpareBank 1 SMN | 263 977 | 3 705 890 |
| Topdanmark | 70 192 | 3 610 404 |
| Fielmann | 72 382 | 3 454 870 |
| D’Ieteren | 24 390 | 3 404 844 |
| Spar Nord Bank | 316 664 | 3 391 001 |
| OCI | 103 139 | 3 273 572 |
| Atea | 213 438 | 3 104 567 |
| Storskogen | 501 938 | 2 927 516 |
| FLSmidth | 91 673 | 2 852 699 |
| VanEck Vectors iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | 138 601 | 2 793 329 |
| Emmi | 2 953 | 2 768 207 |
| Accell Group | 52 801 | 2 737 732 |


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

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