# PORTFOLIO BREAKDOWN
### SECTOR BREAKDOWN *

### GEOGRAPHICAL BREAKDOWN
Consumer discretionary
Financials Industrials
Information Technology
Health care
Utilities Materials Consumer staples
Communication Services
Energy Real estate
Others
0 %	5 %	10 %	15 %	20 %
France Germany Netherlands
Spain Italy Finland Belgium Austria
United States Luxembourg Other countries
0 %	5 %	10 %	15 %	20 %	25 %	30 % 35 %
| Portfolio |  | Benchmark |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| * % of assets ANALYSIS RATIOS |  |  |  |  | Portfolio |  | Benchmark |
|  |  |  |  |  |  |  |  |
|  |  |  | Portfolio | Benchmark |  |  |  |
| Average market Cap (Bn €) |  |  | 68.26 | 74.53 |  |  |  |
| % Mid Caps + Small Caps |  |  | 37.53 | 29.41 |  |  |  |
| % Large Caps |  |  | 62.47 | 70.59 |  |  |  |
| Per 12 Month forward |  |  | 15.43 | 17.12 |  |  |  |
| Price to Book |  |  | 1.58 | 1.87 |  |  |  |
| Price to Cash Flow |  |  | 9.12 | 11.50 |  |  |  |
| Dividend Yield (%) |  |  | 2.33 | 2.34 |  |  |  |
| Annualized EPS Growth (n/n+2) (%) |  |  | 14.66 | 14.84 |  |  |  |
| Annualized Revenue Growth (n/n+2) (%) |  |  | 7.11 | 6.42 |  |  |  |
| Issuer number (excluding cash) |  | 134 |  |  |  |  |  |
| Cash as % of total assets |  | 1.52% |  |  |  |  |  |

| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  |  |  |  |
|  | Sector | Weight | Spread / Index |
| ASML HOLDING NV | Information Technology | 5.04% | 0.15% |
| LVMH MOET HENNESSY | Consumer discretionary | 3.74% | -0.11% |
| SAP SE | Information Technology | 3.10% | 0.56% |
| L OREAL | Consumer staples | 1.98% | 0.00% |
| BANCO SANTANDER SA | Financials | 1.95% | 0.69% |
| KERING | Consumer discretionary | 1.83% | 0.65% |
| IBERDROLA SA | Utilities | 1.80% | 0.42% |
| STELLANTIS MILAN | Consumer discretionary | 1.68% | 0.99% |
| DAIMLER AG | Consumer discretionary | 1.66% | 0.27% |
| ALLIANZ SE-REG | Financials | 1.66% | -0.24% |
| Excluding mutual funds |  |  |  |

Translation (ENFR, 2021-05-31):
# COMPOSITION DU PORTEFEUILLE
#### REPARTITION SECTORIELLE *

#### REPARTITION GEOGRAPHIQUE
Conso cyclique
Finance Industrie Technologies de l'info.
Santé Services publics
Matériaux Conso non cyclique Services de communication
Énergie Immobilier
Autres
0 %	5 %	10 %	15 %	20 %
France Allemagne Pays-Bas Espagne Italie Finlande Belgique Autriche Etats-Unis Luxembourg
Autres
0 %	5 %	10 %	15 %	20 %	25 %	30 %  35 %
| Portefeuille |  | Indice |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| * En pourcentage de l'actif RATIOS D'ANALYSE |  |  |  |  | Portefeuille |  | Indice |
|  |  |  |  |  |  |  |  |
|  |  |  | Portefeuille | Indice |  |  |  |
| Cap. boursière moy. (Mds €) |  |  | 68,26 | 74,53 |  |  |  |
| % Mid Caps + Small Caps |  |  | 37,53 | 29,41 |  |  |  |
| % Large caps |  |  | 62,47 | 70,59 |  |  |  |
| PER annuel anticipé |  |  | 15,43 | 17,12 |  |  |  |
| Prix sur actif net |  |  | 1,58 | 1,87 |  |  |  |
| Prix sur cashflow |  |  | 9,12 | 11,50 |  |  |  |
| Taux de rendement (en %) |  |  | 2,33 | 2,34 |  |  |  |
| Croissance BPA annualisé (n/n+2) (en %) |  |  | 14,66 | 14,84 |  |  |  |
| Croissance CA annualisé (n/n+2) (en %) |  |  | 7,11 | 6,42 |  |  |  |
| Nombre d'émetteurs (hors liquidités) |  | 134 |  |  |  |  |  |
| Liquidités en % de l'actif |  | 1,52% |  |  |  |  |  |

PRINCIPALES LIGNES EN PORTEFEUILLE
|  |  |  |  |
| --- | --- | --- | --- |
|  | Secteur | Poids (PTF) | Ecart / Indice |
| ASML HOLDING NV | Technologies de l'info. | 5,04% | 0,15% |
| LVMH MOET HENNESSY | Conso cyclique | 3,74% | -0,11% |
| SAP SE | Technologies de l'info. | 3,10% | 0,56% |
| L OREAL | Conso non cyclique | 1,98% | 0,00% |
| BANCO SANTANDER SA | Finance | 1,95% | 0,69% |
| KERING | Conso cyclique | 1,83% | 0,65% |
| IBERDROLA SA | Services publics | 1,80% | 0,42% |
| STELLANTIS MILAN | Conso cyclique | 1,68% | 0,99% |
| DAIMLER AG | Conso cyclique | 1,66% | 0,27% |
| ALLIANZ SE-REG | Finance | 1,66% | -0,24% |
| Hors OPC |  |  |  |