# Candriam Sustainable Equity EMU
| Investment portfolio as at December 31, 2020 |  |
| --- | --- |
| Description | Quantity | Currency | Market value | % net |
|  |  |  | (in EUR) | assets |
| Transferable securities admitted to an official stock exchange listing or dealt in another regulated market |  |  | 327,808,050 | 99.77 |
| Shares |  |  | 327,808,050 | 99.77 |
| ADIDAS AG NAMEN AKT | 48,309 | EUR | 14,391,251 | 4.38 |
| AEDIFICA SA | 33,563 | EUR | 3,299,243 | 1.00 |
| AIR LIQUIDE SA | 85,067 | EUR | 11,420,245 | 3.48 |
| ALLIANZ SE REG SHS | 61,128 | EUR | 12,268,390 | 3.73 |
| ASML HOLDING NV | 22,774 | EUR | 9,053,804 | 2.76 |
| BANCO BILBAO VIZCAYA ARGENTARIA SA | 610,907 | EUR | 2,465,010 | 0.75 |
| BANCO SANTANDER SA REG SHS | 1,274,872 | EUR | 3,235,625 | 0.98 |
| BEIERSDORF AG | 106,816 | EUR | 10,087,703 | 3.07 |
| BIOMERIEUX SA | 54,279 | EUR | 6,263,797 | 1.91 |
| BREMBO SPA | 599,372 | EUR | 6,473,218 | 1.97 |
| BUREAU VERITAS SA | 383,011 | EUR | 8,334,319 | 2.54 |
| CAPGEMINI SE | 27,784 | EUR | 3,523,011 | 1.07 |
| COFINIMMO SA | 12,013 | EUR | 1,463,183 | 0.45 |
| DANONE SA | 58,584 | EUR | 3,149,476 | 0.96 |
| DASSAULT SYSTEMES SA | 78,726 | EUR | 13,080,325 | 3.98 |
| DSM KONINKLIJKE | 82,268 | EUR | 11,583,334 | 3.53 |
| DUERR AG | 167,100 | EUR | 5,581,140 | 1.70 |
| ESSILORLUXOTTICA SA | 25,744 | EUR | 3,283,647 | 1.00 |
| FINECOBANK | 311,024 | EUR | 4,167,722 | 1.27 |
| GRAND CITY PROPERTIES | 83,484 | EUR | 1,749,825 | 0.53 |
| HANNOVER RUECK SE | 49,401 | EUR | 6,436,950 | 1.96 |
| IBERDROLA SA | 737,622 | EUR | 8,630,177 | 2.63 |
| INDITEX SHARE FROM SPLIT | 440,844 | EUR | 11,479,578 | 3.49 |
| INFINEON TECHNOLOGIES REG SHS | 144,893 | EUR | 4,548,191 | 1.38 |
| INTESA SANPAOLO | 3,414,910 | EUR | 6,531,357 | 1.99 |
| KBC GROUPE SA | 226,382 | EUR | 12,967,161 | 3.95 |
| KERING | 11,601 | EUR | 6,895,634 | 2.10 |
| KINGSPAN GROUP | 198,383 | EUR | 11,387,184 | 3.47 |
| KNORR-BREMSE - BEARER SHS | 29,563 | EUR | 3,301,596 | 1.00 |
| L'OREAL SA | 26,760 | EUR | 8,317,008 | 2.53 |
| LEGRAND SA | 46,827 | EUR | 3,418,371 | 1.04 |
| MONCLER SPA | 66,773 | EUR | 3,347,998 | 1.02 |
| MUENCHENER RUECKVERSICHERUNGS AG REG SHS | 27,385 | EUR | 6,649,078 | 2.02 |
| NEXITY SA -A- | 70,580 | EUR | 2,502,767 | 0.76 |
| PLASTIC OMNIUM SA | 113,699 | EUR | 3,208,586 | 0.98 |
| RELX PLC | 408,385 | EUR | 8,179,951 | 2.49 |
| SANOFI | 144,571 | EUR | 11,377,738 | 3.46 |
| SAP AG | 77,595 | EUR | 8,319,736 | 2.53 |
| SCHNEIDER ELECTRIC SE | 114,717 | EUR | 13,571,021 | 4.13 |
| SIEMENS AG REG | 21,044 | EUR | 2,473,091 | 0.75 |
| SOLVAY | 33,649 | EUR | 3,259,915 | 0.99 |
| SYMRISE AG | 121,529 | EUR | 13,173,744 | 4.01 |
| TELEPERFORMANCE SE | 23,837 | EUR | 6,466,978 | 1.97 |
| TOTAL SE | 184,080 | EUR | 6,498,024 | 1.98 |
| UNICREDIT SPA REGS | 859,642 | EUR | 6,574,542 | 2.00 |
| UNILEVER | 203,101 | EUR | 10,066,701 | 3.06 |
| VALEO SA | 49,953 | EUR | 1,612,483 | 0.49 |
| WORLDLINE SA | 21,975 | EUR | 1,738,222 | 0.53 |
| Total investment portfolio |  |  | 327,808,050 | 99.77 |
| Acquisition cost |  |  | 292,083,574 |  |

The accompanying notes form an integral part of the financial statements.	
Candriam Sustainable Equity EMU Geographical and economic breakdown of investments as at December 31, 2020
| Geographical breakdown (in % of net assets) |  |
| --- | --- |
| France | 34.90 |
| Germany | 27.08 |
| Italy | 8.25 |
| Spain | 7.86 |
| Belgium | 6.39 |
| Netherlands | 6.28 |
| United Kingdom | 5.55 |
| Ireland | 3.47 |
|  | 99.77 |
| Economic breakdown (in % of net assets) |  |
| Chemicals | 12.00 |
| Pharmaceuticals and cosmectics | 11.97 |
| Banks and other financial institutions | 10.94 |
| Internet and Internet services | 8.11 |
| Insurance | 7.72 |
| Electrical engineering and electronics | 5.92 |
| Retail trade and department stores | 5.59 |
| Textiles and garments | 5.40 |
| Electronics and semiconductors | 4.14 |
| Foods and non alcoholic drinks | 4.02 |
| Building materials and trade | 3.47 |
| Real Estate companies | 2.74 |
| Machine and apparatus construction | 2.70 |
| Utilities | 2.63 |
| Miscellaneous services | 2.54 |
| Graphic art and publishing | 2.49 |
| Road vehicles | 2.46 |
| Petroleum | 1.98 |
| Communications | 1.97 |
| Miscellaneous consumer goods | 0.98 |
|  | 99.77 |

Translation (ENFR, 2020-12-31):
# Candriam Sustainable Equity EMU
| Portefeuille-titres au 31 décembre 2020 |  |
| --- | --- |
| Dénomination | Quantité | Devise | Valeur d’évaluation | % actifs |
|  |  |  | (en EUR) | nets |
| Valeurs mobilières admises à la cote officielle d’une bourse de valeurs ou traitées sur un autre marché réglementé |  |  | 327.808.050 | 99,77 |
| Actions |  |  | 327.808.050 | 99,77 |
| ADIDAS AG NAMEN AKT | 48.309 | EUR | 14.391.251 | 4,38 |
| AEDIFICA SA | 33.563 | EUR | 3.299.243 | 1,00 |
| AIR LIQUIDE SA | 85.067 | EUR | 11.420.245 | 3,48 |
| ALLIANZ SE REG SHS | 61.128 | EUR | 12.268.390 | 3,73 |
| ASML HOLDING NV | 22.774 | EUR | 9.053.804 | 2,76 |
| BANCO BILBAO VIZCAYA ARGENTARIA SA | 610.907 | EUR | 2.465.010 | 0,75 |
| BANCO SANTANDER SA REG SHS | 1.274.872 | EUR | 3.235.625 | 0,98 |
| BEIERSDORF AG | 106.816 | EUR | 10.087.703 | 3,07 |
| BIOMERIEUX SA | 54.279 | EUR | 6.263.797 | 1,91 |
| BREMBO SPA | 599.372 | EUR | 6.473.218 | 1,97 |
| BUREAU VERITAS SA | 383.011 | EUR | 8.334.319 | 2,54 |
| CAPGEMINI SE | 27.784 | EUR | 3.523.011 | 1,07 |
| COFINIMMO SA | 12.013 | EUR | 1.463.183 | 0,45 |
| DANONE SA | 58.584 | EUR | 3.149.476 | 0,96 |
| DASSAULT SYSTEMES SA | 78.726 | EUR | 13.080.325 | 3,98 |
| DSM KONINKLIJKE | 82.268 | EUR | 11.583.334 | 3,53 |
| DUERR AG | 167.100 | EUR | 5.581.140 | 1,70 |
| ESSILORLUXOTTICA SA | 25.744 | EUR | 3.283.647 | 1,00 |
| FINECOBANK | 311.024 | EUR | 4.167.722 | 1,27 |
| GRAND CITY PROPERTIES | 83.484 | EUR | 1.749.825 | 0,53 |
| HANNOVER RUECK SE | 49.401 | EUR | 6.436.950 | 1,96 |
| IBERDROLA SA | 737.622 | EUR | 8.630.177 | 2,63 |
| INDITEX SHARE FROM SPLIT | 440.844 | EUR | 11.479.578 | 3,49 |
| INFINEON TECHNOLOGIES REG SHS | 144.893 | EUR | 4.548.191 | 1,38 |
| INTESA SANPAOLO | 3.414.910 | EUR | 6.531.357 | 1,99 |
| KBC GROUPE SA | 226.382 | EUR | 12.967.161 | 3,95 |
| KERING | 11.601 | EUR | 6.895.634 | 2,10 |
| KINGSPAN GROUP | 198.383 | EUR | 11.387.184 | 3,47 |
| KNORR-BREMSE - BEARER SHS | 29.563 | EUR | 3.301.596 | 1,00 |
| L'OREAL SA | 26.760 | EUR | 8.317.008 | 2,53 |
| LEGRAND SA | 46.827 | EUR | 3.418.371 | 1,04 |
| MONCLER SPA | 66.773 | EUR | 3.347.998 | 1,02 |
| MUENCHENER RUECKVERSICHERUNGS AG REG SHS | 27.385 | EUR | 6.649.078 | 2,02 |
| NEXITY SA -A- | 70.580 | EUR | 2.502.767 | 0,76 |
| PLASTIC OMNIUM SA | 113.699 | EUR | 3.208.586 | 0,98 |
| RELX PLC | 408.385 | EUR | 8.179.951 | 2,49 |
| SANOFI | 144.571 | EUR | 11.377.738 | 3,46 |
| SAP AG | 77.595 | EUR | 8.319.736 | 2,53 |
| SCHNEIDER ELECTRIC SE | 114.717 | EUR | 13.571.021 | 4,13 |
| SIEMENS AG REG | 21.044 | EUR | 2.473.091 | 0,75 |
| SOLVAY | 33.649 | EUR | 3.259.915 | 0,99 |
| SYMRISE AG | 121.529 | EUR | 13.173.744 | 4,01 |
| TELEPERFORMANCE SE | 23.837 | EUR | 6.466.978 | 1,97 |
| TOTAL SE | 184.080 | EUR | 6.498.024 | 1,98 |
| UNICREDIT SPA REGS | 859.642 | EUR | 6.574.542 | 2,00 |
| UNILEVER | 203.101 | EUR | 10.066.701 | 3,06 |
| VALEO SA | 49.953 | EUR | 1.612.483 | 0,49 |
| WORLDLINE SA | 21.975 | EUR | 1.738.222 | 0,53 |
| Total du portefeuille-titres |  |  | 327.808.050 | 99,77 |
| Coût d’acquisition |  |  | 292.083.574 |  |

The accompanying notes form an integral part of the financial statements.	
Candriam Sustainable Equity EMU
Répartition géographique et économique du portefeuille-titres au 31 décembre 2020
| Répartition géographique (en % des actifs nets) |  |
| --- | --- |
| France | 34,90 |
| Allemagne | 27,08 |
| Italie | 8,25 |
| Espagne | 7,86 |
| Belgique | 6,39 |
| Pays-Bas | 6,28 |
| Royaume-Uni | 5,55 |
| Irlande | 3,47 |
|  | 99,77 |
| Répartition économique (en % des actifs nets) |  |
| Chimie | 12,00 |
| Industrie pharmaceutique et cosmétique | 11,97 |
| Banques et autres institutions financières | 10,94 |
| Internet et services d'Internet | 8,11 |
| Assurances | 7,72 |
| Electrotechnique et électronique | 5,92 |
| Distribution, commerce de détail | 5,59 |
| Textile et habillement | 5,40 |
| Electronique et semiconducteurs | 4,14 |
| Industrie agro-alimentaire | 4,02 |
| Constructions, matériaux de construction | 3,47 |
| Sociétés immobilières | 2,74 |
| Construction de machines et appareils | 2,70 |
| Energie et eau | 2,63 |
| Services divers | 2,54 |
| Art graphique, maison d'édition | 2,49 |
| Industrie automobile | 2,46 |
| Pétrole | 1,98 |
| Télécommunication | 1,97 |
| Bien de consommation divers | 0,98 |
|  | 99,77 |