# Comgest Growth Asia ex Japan
## SCHEDULE OF INVESTMENTS
As at 31 December 2020 (expressed in USD)
Security
Quantity/
Face value	Currency
Acquisition cost USD
Fair Value
USD
% Net Assets
| Public services |
| --- |
|  | Power Grid Corp of India Ltd | 683,442 | INR | 1,779,645 | 1,775,779 | 1.97 |
|  |  |  |  | 1,779,645 | 1,775,779 | 1.97 |
|  |  |  |  |  |  |  |
| Total India |  |  |  | 5,348,098 | 6,815,216 | 7.55 |
| Indonesia |  |  |  |  |  |  |
| News Transmission |
|  | Telkom Indonesia Persero Tbk PT | 6,933,800 | IDR | 1,839,941 | 1,633,414 | 1.81 |
|  |  |  |  | 1,839,941 | 1,633,414 | 1.81 |
|  |  |  |  |  |  |  |
| Total Indonesia |  |  |  | 1,839,941 | 1,633,414 | 1.81 |
| Japan |  |  |  |  |  |  |
| Automobile industry |
|  | Suzuki Motor Corp | 61,000 | JPY | 2,523,297 | 2,825,338 | 3.13 |
|  |  |  |  | 2,523,297 | 2,825,338 | 3.13 |
|  |  |  |  |  |  |  |
| Total Japan |  |  |  | 2,523,297 | 2,825,338 | 3.13 |
| Luxembourg |  |  |  |  |  |  |
| Pharmaceuticals and cosmetics L’Occitane International SA | 102,500 | HKD | 259,577 | 255,395 | 0.28 |

259,577	255,395	0.28
Textile
Samsonite International SA	1,560,600	HKD	4,384,785	2,765,415	3.06
4,384,785	2,765,415	3.06
Total Luxembourg	4,644,362	3,020,810	3.34
South Africa
Graphic art and publishing
Naspers Ltd	20,257	ZAR	3,496,551	4,163,914	4.61
3,496,551	4,163,914	4.61
Total South Africa	3,496,551	4,163,914	4.61
| Comgest Growth Asia ex Japan |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS |
| As at 31 December 2020 (expressed in USD) |
| Security | Quantity/ Face value | Currency | Acquisition cost USD | Fair Value USD | % Net Assets |
| South Korea |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Samsung Electronics Co Ltd | 88,194 | KRW | 3,821,100 | 6,579,361 | 7.28 |
|  |  |  | 3,821,100 | 6,579,361 | 7.28 |
| Food and distilleries |  |  |  |  |  |
| Orion Corp/Republic of Korea | 23,737 | KRW | 2,143,169 | 2,710,860 | 3.00 |
|  |  |  | 2,143,169 | 2,710,860 | 3.00 |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 138,563 | KRW | 2,303,154 | 2,628,901 | 2.91 |
|  |  |  | 2,303,154 | 2,628,901 | 2.91 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 4,610 | KRW | 2,280,899 | 3,952,849 | 4.38 |
|  |  |  | 2,280,899 | 3,952,849 | 4.38 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 1,268 | KRW | 1,337,654 | 1,891,881 | 2.09 |
|  |  |  | 1,337,654 | 1,891,881 | 2.09 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 11,885,976 | 17,763,852 | 19.66 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 169,000 | TWD | 2,908,766 | 3,187,796 | 3.53 |
|  |  |  | 2,908,766 | 3,187,796 | 3.53 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 2,908,766 | 3,187,796 | 3.53 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 32,660 | USD | 2,255,328 | 2,676,487 | 2.96 |
|  |  |  | 2,255,328 | 2,676,487 | 2.96 |

Total United States of America	2,255,328	2,676,487	2.96
Equity securities	68,537,422  82,084,772	90.86

Translation (ENFR, 2020-12-31):
# Comgest Growth Asia ex Japan
MOUVEMENTS SIGNIFICATIFS DU PORTEFEUILLE pour l’exercice clos le 31 décembre 2020
| Achats |  |  |  |
| --- | --- | --- | --- |
| Valeur | Quantité | Montant de règlement (USD) | % du Total Achats |
| Taiwan Semiconductor Manufacturing Co Ltd | 186 000 | 3 201 363 | 7,63 |
| Housing Development Finance Corp Ltd | 125 702 | 2 908 140 | 6,93 |
| Suofeiya Home Collection Co Ltd | 674 496 | 2 781 977 | 6,63 |
| Naspers Ltd | 13 266 | 2 526 459 | 6,02 |
| Cheil Worldwide Inc | 138 563 | 2 303 154 | 5,49 |
| Ping An Insurance Group Co of China Ltd - Actions H | 202 000 | 2 271 562 | 5,41 |
| Orion Corp/Republic of Korea | 16 785 | 1 683 551 | 4,01 |
| Midea Group Co Ltd - Actions A | 212 500 | 1 611 473 | 3,84 |
| Suzuki Motor Corp | 44 800 | 1 599 920 | 3,81 |
| Alibaba Group Holding Ltd | 7 870 | 1 573 671 | 3,75 |
| Samsung Electronics Co Ltd | 35 137 | 1 510 298 | 3,60 |
| China Resources Gas Group Ltd | 296 000 | 1 509 506 | 3,60 |
| Vietnam Dairy Products JSC | 412 368 | 1 486 776 | 3,54 |
| LG Household & Health Care Ltd | 1 292 | 1 361 730 | 3,24 |
| NCSoft Corp | 1 915 | 1 341 348 | 3,19 |
| Taiwan Semiconductor Manufacturing Co Ltd | 22 428 | 1 278 471 | 3,05 |
| Autohome Inc | 15 559 | 1 267 957 | 3,02 |
| Lepu Medical Technology Beijing Co Ltd | 220 800 | 1 016 807 | 2,42 |
| SAIC Motor Corp Ltd - A Shares | 290 800 | 962 088 | 2,29 |
| AIA Group Ltd | 92 800 | 884 022 | 2,11 |
| Hengan International Group Co Ltd | 113 000 | 806 169 | 1,92 |
| TravelSky Technology Ltd | 385 000 | 790 759 | 1,88 |
| Alibaba Group Holding Ltd | 25 200 | 762 944 | 1,82 |
| 3SBio Inc | 575 500 | 597 821 | 1,42 |
| Telkom Indonesia Persero Tbk PT | 2 788 600 | 597 317 | 1,42 |
| Samsonite International SA | 440 700 | 568 855 | 1,35 |