# Smartfund Balanced Fund
Schedule of significant portfolio movements for the financial year ended 31 July 2022
| Total purchases in the year |  | £ 434,940 |
| --- | --- | --- |
| All purchases | Nominal holdings | Cost £ |
| KE | 10,025 | 134,395 |
| GDS | 3,303 | 134,376 |
| New Oriental Education & Technology | 51,072 | 83,496 |
| TAL Education | 21,000 | 76,905 |
| Sumitomo Mitsui | 1,207 | 5,768 |

| Total disposals in the year |  | £ 3,740,006 |
| --- | --- | --- |
| Material disposals | Nominal holdings | Proceeds £ |
| Sea | 1,065 | 276,971 |
| Sohu | 13,700 | 207,825 |
| Gracell Biotechnologies | 24,197 | 205,266 |
| Ase Technology | 26,872 | 182,368 |
| Canaan | 25,460 | 179,372 |
| Genmab | 5,026 | 172,791 |
| Hutchison China MediTech | 7,271 | 162,324 |
| VEON | 105,538 | 155,632 |
| GDS | 3,303 | 144,711 |
| KE | 10,025 | 143,501 |
| I-Mab | 3,347 | 142,738 |
| Weibo | 4,396 | 141,732 |
| Novartis | 2,280 | 140,606 |
| Dada Nexus | 8,896 | 138,456 |
| Credit Suisse | 16,544 | 124,789 |
| NetEase | 1,902 | 123,856 |
| Niu Technologies | 5,960 | 114,915 |
| Genetron | 11,235 | 110,244 |
| Alibaba | 934 | 109,334 |
| 51job | 1,970 | 107,758 |
| 360 DigiTech | 5,805 | 97,500 |
| New Oriental Education & Technology | 59,999 | 90,844 |
| Noah | 2,759 | 88,195 |
| iQIYI | 14,154 | 86,142 |
| Galapagos | 1,852 | 77,580 |
| Ambev | 35,545 | 76,237 |
| TAL Education | 21,000 | 60,007 |
| 21Vianet | 3,131 | 38,668 |

The statement of material purchases/disposals reflect the aggregate purchases/disposals of a security greater than one per cent of the total purchases/disposals for the financial year. If there were fewer than twenty positions exceeding one per cent, the top twenty positions have been disclosed. The above represents all purchases in the financial year.

Translation (ENFR, 2022-07-31):
# Smartfund Balanced Fund
État des principales variations du portefeuille pour l’exercice clos le 31 juillet 2022
| Total des achats pour l’exercice |  | 434 940 GBP |
| --- | --- | --- |
|  | Participations | Coût |
| Tous les achats | nominales | GBP |
| KE | 10 025 | 134 395 |
| GDS | 3 303 | 134 376 |
| New Oriental Education & Technology | 51 072 | 83 496 |
| TAL Education | 21 000 | 76 905 |
| Sumitomo Mitsui | 1 207 | 5 768 |
| Total des cessions pour l’exercice |  | 3 740 006 GBP |
|  | Participations | Produit |
| Principales cessions | nominales | GBP |
| Sea | 1 065 | 276 971 |
| Sohu | 13 700 | 207 825 |
| Gracell Biotechnologies | 24 197 | 205 266 |
| Ase Technology | 26 872 | 182 368 |
| Canaan | 25 460 | 179 372 |
| Genmab | 5 026 | 172 791 |
| Hutchison China MediTech | 7 271 | 162 324 |
| VEON | 105 538 | 155 632 |
| GDS | 3 303 | 144 711 |
| KE | 10 025 | 143 501 |
| I-Mab | 3 347 | 142 738 |
| Weibo | 4 396 | 141 732 |
| Novartis | 2 280 | 140 606 |
| Dada Nexus | 8 896 | 138 456 |
| Credit Suisse | 16 544 | 124 789 |
| NetEase | 1 902 | 123 856 |
| Niu Technologies | 5 960 | 114 915 |
| Genetron | 11 235 | 110 244 |
| Alibaba | 934 | 109 334 |
| 51job | 1 970 | 107 758 |
| 360 DigiTech | 5 805 | 97 500 |
| New Oriental Education & Technology | 59 999 | 90 844 |
| Noah | 2 759 | 88 195 |
| iQIYI | 14 154 | 86 142 |
| Galapagos | 1 852 | 77 580 |
| Ambev | 35 545 | 76 237 |
| TAL Education | 21 000 | 60 007 |
| 21Vianet | 3 131 | 38 668 |

L’état des achats/cessions significatifs reflète le total des achats/cessions d’un titre excédant un pour cent du total des achats/cessions pour l’exercice. S’il y avait moins de vingt positions dépassant un pour cent, les vingt positions principales ont été indiquées. Le tableau ci-dessus présente tous les achats effectués au cours de l’exercice.