# Smartfund 80% Protected Balanced Fund
Schedule of significant portfolio movements for the financial year ended 31 July 2022
(continued)
| Total disposals in the year |  | £ 7,395,015 |
| --- | --- | --- |
| Material disposals | Nominal holdings | Proceeds £ |
| Veidekke | 40,257 | 402,628 |
| Deutz | 56,239 | 357,147 |
| Carlsberg | 2,532 | 349,162 |
| KWS Saat | 5,525 | 337,681 |
| ABG Sundal Collier | 383,243 | 300,995 |
| Mensch und Maschine Software | 4,976 | 283,957 |
| SSAB | 77,077 | 274,809 |
| Catena | 5,789 | 259,768 |
| Chocoladefabriken Lindt & Spruengli | 3 | 251,666 |
| Cloetta | 97,668 | 233,381 |
| Inwido | 15,852 | 230,939 |
| Nexus | 3,240 | 221,036 |
| St. Galler Kantonalbank | 632 | 219,880 |
| NCC | 16,898 | 198,153 |
| Alm Brand | 36,205 | 196,836 |
| Tessenderlo | 6,881 | 187,654 |
| MLP | 23,914 | 178,128 |
| Jyske Bank | 4,465 | 177,886 |
| VIB Vermoegen | 4,789 | 177,275 |
| GFT Technologies | 5,282 | 173,642 |
| Brunel International | 17,135 | 172,084 |
| HAL Trust | 1,305 | 169,801 |
| New Wave | 14,326 | 166,901 |
| Heidelberger Druckmaschinen | 83,272 | 159,288 |
| Norwegian Property | 102,100 | 152,126 |
| NKT | 4,132 | 150,472 |
| Fuchs Petrolub | 5,405 | 146,939 |
| Ascom | 12,117 | 136,235 |
| Salzgitter | 5,663 | 134,663 |
| AF Gruppen | 7,612 | 131,964 |
| Fielmann | 2,494 | 131,125 |
| Ratos | 28,848 | 125,513 |
| Amsterdam Commodities | 5,088 | 105,699 |
| Hawesko | 1,835 | 94,863 |
| Hufvudstaden | 7,144 | 84,177 |
| APG SGA | 489 | 79,816 |
| Sydbank | 3,000 | 75,126 |

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):
# Smartfund 80% Protected Balanced Fund
État des principales variations du portefeuille pour l’exercice clos le 31 juillet 2022 (suite)
| Total des cessions pour l’exercice |  | 7 395 015 GBP |
| --- | --- | --- |
|  | Participations | Produit |
| Principales cessions | nominales | GBP |
| Veidekke | 40 257 | 402 628 |
| Deutz | 56 239 | 357 147 |
| Carlsberg | 2 532 | 349 162 |
| KWS Saat | 5 525 | 337 681 |
| ABG Sundal Collier | 383 243 | 300 995 |
| Mensch und Maschine Software | 4 976 | 283 957 |
| SSAB | 77 077 | 274 809 |
| Catena | 5 789 | 259 768 |
| Chocoladefabriken Lindt & Spruengli | 3 | 251 666 |
| Cloetta | 97 668 | 233 381 |
| Inwido | 15 852 | 230 939 |
| Nexus | 3 240 | 221 036 |
| St. Galler Kantonalbank | 632 | 219 880 |
| NCC | 16 898 | 198 153 |
| Alm Brand | 36 205 | 196 836 |
| Tessenderlo | 6 881 | 187 654 |
| MLP | 23 914 | 178 128 |
| Jyske Bank | 4 465 | 177 886 |
| VIB Vermoegen | 4 789 | 177 275 |
| GFT Technologies | 5 282 | 173 642 |
| Brunel International | 17 135 | 172 084 |
| HAL Trust | 1 305 | 169 801 |
| New Wave | 14 326 | 166 901 |
| Heidelberger Druckmaschinen | 83 272 | 159 288 |
| Norwegian Property | 102 100 | 152 126 |
| NKT | 4 132 | 150 472 |
| Fuchs Petrolub | 5 405 | 146 939 |
| Ascom | 12 117 | 136 235 |
| Salzgitter | 5 663 | 134 663 |
| AF Gruppen | 7 612 | 131 964 |
| Fielmann | 2 494 | 131 125 |
| Ratos | 28 848 | 125 513 |
| Amsterdam Commodities | 5 088 | 105 699 |
| Hawesko | 1 835 | 94 863 |
| Hufvudstaden | 7 144 | 84 177 |
| APG SGA | 489 | 79 816 |
| Sydbank | 3 000 | 75 126 |

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.