# Comgest Growth Asia Pac ex Japan
## SCHEDULE OF INVESTMENTS
As at 31 December 2020 (expressed in USD)
| Quantity/ Security	Face value | Currency | Acquisition cost USD | Fair Value USD | % Net Assets |
| --- | --- | --- | --- | --- |
| Sponsored America Depository Receipts Cayman Islands Automobile industry Autohome Inc	185,888 | USD | 14,875,613 | 18,518,163 | 3.44 |
|  |  | 14,875,613 | 18,518,163 | 3.44 |
|  |  |  |  |  |
| Total Cayman Islands |  | 14,875,613 | 18,518,163 | 3.44 |
|  |  |  |  |  |
| Sponsored America Depository Receipts |  | 14,875,613 | 18,518,163 | 3.44 |

| Transferable securities admitted to an official stock exchange listing | 399,389,779 | 504,138,888 | 93.72 |
| --- | --- | --- | --- |
| Other transferable securities dealt on another regulated market |  |  |  |
| Equity securities |  |  |  |
| Vietnam |  |  |  |
| Consumer goods Vietnam Dairy Products JSC	3,292,656 | VND | 12,991,764 | 15,520,074 | 2.88 |
|  |  | 12,991,764 | 15,520,074 | 2.88 |

| Total Vietnam | 12,991,764 | 15,520,074 | 2.88 |
| --- | --- | --- | --- |
|  |  |  |  |
| Equity securities | 12,991,764 | 15,520,074 | 2.88 |
|  |  |  |  |
| Other transferable securities dealt on another regulated market | 12,991,764 | 15,520,074 | 2.88 |
|  |  |  |  |
| Financial assets at fair value through profit or loss | 412,381,543 | 519,658,962 | 96.60 |

Cash and other net assets	 18,275,487	3.40 
Total net assets attributable to holders of redeemable participating shares	 537,934,449	100.00 
% of Total Assets
Transferable securities admitted to an official stock exchange listing	92.47
Other transferable securities dealt on another regulated market	2.85
| Comgest Growth China |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS |
| As at 31 December 2020 (expressed in EUR) |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |

Transferable securities admitted to an official stock exchange listing Equity securities
Bermuda Islands
Mechanics and machinery
| China Resources Gas Group Ltd | 3,955,546 | HKD | 14,796,653 | 17,198,503 | 5.34 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 14,796,653 | 17,198,503 | 5.34 |
| Transportation Yuexiu Transport Infrastructure Ltd | 14,188,000 | HKD | 7,821,764 | 7,896,149 | 2.45 |
|  |  |  | 7,821,764 | 7,896,149 | 2.45 |
|  |  |  |  |  |  |
| Total Bermuda Islands |  |  | 22,618,417 | 25,094,652 | 7.79 |
| Cayman Islands |  |  |  |  |  |
| Clock and watch-making industry Chow Tai Fook Jewellery Group Ltd | 2,989,800 | HKD | 3,226,880 | 3,072,607 | 0.96 |
|  |  |  | 3,226,880 | 3,072,607 | 0.96 |
| Internet software NetEase Inc | 1,155,425 | HKD | 8,914,940 | 17,975,805 | 5.59 |
| Tencent Holdings Ltd | 49,400 | HKD | 1,725,406 | 2,936,746 | 0.91 |
|  |  |  | 10,640,346 | 20,912,551 | 6.50 |
| Other Services Alibaba Group Holding Ltd | 1,000,840 | HKD | 20,877,794 | 24,537,743 | 7.62 |
|  |  |  | 20,877,794 | 24,537,743 | 7.62 |
| Pharmaceuticals and cosmetics 3SBio Inc | 13,845,500 | HKD | 16,592,816 | 10,317,828 | 3.20 |
| Hengan International Group Co Ltd | 1,784,500 | HKD | 12,865,501 | 10,326,405 | 3.21 |
|  |  |  | 29,458,317 | 20,644,233 | 6.41 |
| Textile ANTA Sports Products Ltd | 561,169 | HKD | 2,208,709 | 7,269,521 | 2.26 |
|  |  |  | 2,208,709 | 7,269,521 | 2.26 |

Total Cayman Islands	66,412,046	76,436,655	23.75
| Comgest Growth China |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS |
| As at 31 December 2020 (expressed in EUR) |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| China |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| SAIC Motor Corp Ltd - A Shares | 3,554,967 | CNY | 10,464,266 | 10,858,028 | 3.38 |
|  |  |  | 10,464,266 | 10,858,028 | 3.38 |
| Business houses |  |  |  |  |  |
| Inner Mongolia Yili Industrial Group Co Ltd - A |  |  |  |  |  |
| Shares | 1,676,929 | CNY | 5,812,044 | 9,298,615 | 2.89 |
|  |  |  | 5,812,044 | 9,298,615 | 2.89 |
| Consumer goods |  |  |  |  |  |
| Fuyao Glass Industry Group Co Ltd | 1,852,400 | HKD | 4,444,361 | 8,317,726 | 2.58 |
| Opple Lighting Co Ltd | 1,325,699 | CNY | 4,591,982 | 5,005,066 | 1.56 |
| Suofeiya Home Collection Co Ltd | 3,185,402 | CNY | 8,405,652 | 10,310,463 | 3.20 |
|  |  |  | 17,441,995 | 23,633,255 | 7.34 |
| Electronics and electrical equipment |  |  |  |  |  |
| Midea Group Co Ltd - A Shares | 816,832 | CNY | 4,624,781 | 10,048,900 | 3.12 |
| TravelSky Technology Ltd | 6,628,000 | HKD | 11,443,075 | 13,064,246 | 4.06 |
|  |  |  | 16,067,856 | 23,113,146 | 7.18 |
| Insurance |  |  |  |  |  |
| China Life Insurance Co Ltd - H Shares | 4,603,000 | HKD | 11,039,773 | 8,296,546 | 2.58 |
| Ping An Insurance Group Co of China Ltd - H |  |  |  |  |  |
| Shares | 2,634,518 | HKD | 17,840,271 | 26,380,621 | 8.19 |
|  |  |  | 28,880,044 | 34,677,167 | 10.77 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| Lepu Medical Technology Beijing Co Ltd | 2,216,879 | CNY | 8,568,647 | 7,530,184 | 2.34 |
| Shandong Weigao Group Medical Polymer Co |  |  |  |  |  |
| Ltd - H Shares | 2,184,305 | HKD | 1,587,932 | 4,033,738 | 1.25 |
|  |  |  | 10,156,579 | 11,563,922 | 3.59 |
| Tobacco and spirits |  |  |  |  |  |
| Kweichow Moutai Co Ltd - A Shares | 7,969 | CNY | 395,773 | 1,989,819 | 0.62 |
|  |  |  | 395,773 | 1,989,819 | 0.62 |

Total China	89,218,557  115,133,952	35.77
| Comgest Growth China |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| SCHEDULE OF INVESTMENTS |  |  |  |  |  |
| As at 31 December 2020 (expressed in EUR) |  |  |  |  |  |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
| AIA Group Ltd | 1,329,800 | HKD | 10,697,855 | 13,315,889 | 4.14 |
|  |  |  | 10,697,855 | 13,315,889 | 4.14 |
|  |  |  |  |  |  |
| Total Hong Kong |  |  | 10,697,855 | 13,315,889 | 4.14 |
| Luxembourg |  |  |  |  |  |
| Textile |  |  |  |  |  |
| Samsonite International SA | 7,962,000 | HKD | 17,974,158 | 11,531,058 | 3.58 |
|  |  |  | 17,974,158 | 11,531,058 | 3.58 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 17,974,158 | 11,531,058 | 3.58 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
| Naspers Ltd | 118,948 | ZAR | 16,623,697 | 19,983,062 | 6.21 |
|  |  |  | 16,623,697 | 19,983,062 | 6.21 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 16,623,697 | 19,983,062 | 6.21 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 679,046 | TWD | 2,838,472 | 10,468,425 | 3.25 |
|  |  |  | 2,838,472 | 10,468,425 | 3.25 |

Total Taiwan	2,838,472	10,468,425	3.25
Equity securities	226,383,202  271,963,693	84.49
America Depository Receipts Cayman Islands
Holding and finance companies
Noah Holdings Ltd	346,522	USD	11,604,336	13,540,286	4.21
11,604,336	13,540,286	4.21

Translation (ENFR, 2020-12-31):
# Comgest Growth Asia Pac ex Japan
MOUVEMENTS SIGNIFICATIFS DU PORTEFEUILLE pour l’exercice clos le 31 décembre 2020
| Ventes |  |  |  |
| --- | --- | --- | --- |
| Valeur | Quantité | Montant de règlement (USD) | % du Total Ventes |
| Shandong Weigao Group Medical Polymer Co Ltd - Actions H | 13 788 000 | 26 273 009 | 9,11 |
| NAVER Corp | 94 777 | 21 978 134 | 7,62 |
| Taiwan Semiconductor Manufacturing Co Ltd | 1 322 000 | 20 085 089 | 6,97 |
| NCSoft Corp | 25 628 | 16 044 412 | 5,56 |
| Tencent Holdings Ltd | 213 100 | 13 799 689 | 4,79 |
| Catcher Technology Co Ltd | 1 528 910 | 10 821 563 | 3,75 |
| Treasury Wine Estates Ltd | 1 509 516 | 10 407 388 | 3,61 |
| NetEase Inc | 25 792 | 10 247 054 | 3,55 |
| Samsung Electronics Co Ltd | 173 463 | 9 058 509 | 3,14 |
| Cognizant Technology Solutions Corp | 127 190 | 8 908 008 | 3,09 |
| Inner Mongolia Yili Industrial Group Co Ltd - Actions A | 1 725 400 | 8 785 544 | 3,05 |
| Lupin Ltd | 710 704 | 8 739 150 | 3,03 |
| Zhengzhou Yutong Bus Co Ltd - Actions A | 4 590 426 | 8 675 900 | 3,01 |
| Hengan International Group Co Ltd | 1 025 500 | 7 994 028 | 2,77 |
| Naspers Ltd | 42 671 | 7 653 775 | 2,65 |
| Ping An Insurance Group Co of China Ltd - Actions H | 703 000 | 7 549 243 | 2,62 |
| Shriram Transport Finance Co Ltd | 906 591 | 7 465 025 | 2,59 |
| 58.com Inc | 136 796 | 7 436 174 | 2,58 |
| Focus Media Information Technology Co Ltd - Actions A | 9 073 957 | 7 350 577 | 2,55 |
| Suzuki Motor Corp | 177 300 | 7 276 711 | 2,52 |
| Power Grid Corp of India Ltd | 2 806 479 | 6 909 436 | 2,40 |
| Samsung Life Insurance Co Ltd | 123 221 | 5 539 783 | 1,92 |
| Hangzhou Hikvision Digital Technology Co Ltd - Actions A | 1 048 763 | 5 536 163 | 1,92 |
| AIA Group Ltd | 495 400 | 5 315 837 | 1,84 |
| SAIC Motor Corp Ltd - A Shares | 1 453 100 | 5 192 865 | 1,80 |
| Alibaba Group Holding Ltd | 14 545 | 3 923 381 | 1,36 |
| 3SBio Inc | 3 119 000 | 3 572 082 | 1,24 |
| Autohome Inc | 30 478 | 2 972 427 | 1,03 |
| TravelSky Technology Ltd | 1 275 000 | 2 866 229 | 0,99 |