# Comgest Growth Asia Pac 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 | 4,035,301 | INR | 9,513,720 | 10,484,870 | 1.95 |
|  |  |  |  | 9,513,720 | 10,484,870 | 1.95 |
|  |  |  |  |  |  |  |
| Total India |  |  |  | 31,003,233 | 41,013,596 | 7.62 |
| Indonesia |  |  |  |  |  |  |
| News Transmission |
|  | Telkom Indonesia Persero Tbk PT | 41,316,256 | IDR | 11,301,383 | 9,732,982 | 1.81 |
|  |  |  |  | 11,301,383 | 9,732,982 | 1.81 |
|  |  |  |  |  |  |  |
| Total Indonesia |  |  |  | 11,301,383 | 9,732,982 | 1.81 |
| Japan |  |  |  |  |  |  |
| Automobile industry |
|  | Suzuki Motor Corp | 352,500 | JPY | 13,963,578 | 16,326,748 | 3.03 |
|  |  |  |  | 13,963,578 | 16,326,748 | 3.03 |
|  |  |  |  |  |  |  |
| Total Japan |  |  |  | 13,963,578 | 16,326,748 | 3.03 |
| Luxembourg |  |  |  |  |  |  |
| Pharmaceuticals and cosmetics L’Occitane International SA | 613,500 | HKD | 1,553,721 | 1,528,635 | 0.28 |

1,553,721	1,528,635	0.28
Textile
Samsonite International SA	9,338,735	HKD	30,763,178	16,548,428	3.08
30,763,178	16,548,428	3.08
Total Luxembourg	32,316,899	18,077,063	3.36
South Africa
Graphic art and publishing
Naspers Ltd	119,221	ZAR	19,600,979	24,506,392	4.56
19,600,979	24,506,392	4.56
Total South Africa	19,600,979	24,506,392	4.56
| Comgest Growth Asia Pac 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 | 519,191 | KRW | 22,118,653 | 38,732,168 | 7.20 |
|  |  |  | 22,118,653 | 38,732,168 | 7.20 |
| Food and distilleries |  |  |  |  |  |
| Orion Corp/Republic of Korea | 136,816 | KRW | 11,477,657 | 15,624,935 | 2.91 |
|  |  |  | 11,477,657 | 15,624,935 | 2.91 |
| Graphic art and publishing |  |  |  |  |  |
| Cheil Worldwide Inc | 831,962 | KRW | 13,297,766 | 15,784,482 | 2.93 |
|  |  |  | 13,297,766 | 15,784,482 | 2.93 |
| Internet software |  |  |  |  |  |
| NCSoft Corp | 28,085 | KRW | 12,643,653 | 24,081,511 | 4.48 |
|  |  |  | 12,643,653 | 24,081,511 | 4.48 |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| LG Household & Health Care Ltd | 7,644 | KRW | 7,874,074 | 11,405,001 | 2.12 |
|  |  |  | 7,874,074 | 11,405,001 | 2.12 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 67,411,803 | 105,628,097 | 19.64 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd | 1,007,103 | TWD | 7,064,185 | 18,996,682 | 3.53 |
|  |  |  | 7,064,185 | 18,996,682 | 3.53 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 7,064,185 | 18,996,682 | 3.53 |
| United States of America |  |  |  |  |  |
| Internet software |  |  |  |  |  |
| Cognizant Technology Solutions Corp | 194,844 | USD | 12,776,219 | 15,967,466 | 2.97 |
|  |  |  | 12,776,219 | 15,967,466 | 2.97 |

Total United States of America	12,776,219	15,967,466	2.97
Equity securities	384,514,166  485,620,725	90.28

Translation (ENFR, 2020-12-31):
# Comgest Growth Asia Pac ex Japan
MOUVEMENTS SIGNIFICATIFS DU PORTEFEUILLE pour l’exercice clos le 31 décembre 2020
| Achats |  |  |  |
| --- | --- | --- | --- |
| Valeur | Quantité | Montant de règlement (USD) | % du Total Achats |
| Housing Development Finance Corp Ltd | 848 578 | 19 172 226 | 9,00 |
| Naspers Ltd | 84 964 | 16 070 351 | 7,55 |
| Suofeiya Home Collection Co Ltd | 3 592 892 | 14 808 999 | 6,95 |
| Cheil Worldwide Inc | 869 674 | 13 877 991 | 6,52 |
| Midea Group Co Ltd - Actions A | 1 521 080 | 11 626 619 | 5,46 |
| Treasury Wine Estates Ltd | 1 509 516 | 11 129 361 | 5,23 |
| China Resources Gas Group Ltd | 1 854 000 | 9 377 762 | 4,40 |
| Ping An Insurance Group Co of China Ltd - Actions H | 799 000 | 9 307 207 | 4,37 |
| LG Household & Health Care Ltd | 8 799 | 9 063 838 | 4,26 |
| Vietnam Dairy Products JSC | 2 543 836 | 8 893 407 | 4,18 |
| Suzuki Motor Corp | 257 300 | 8 798 337 | 4,13 |
| Alibaba Group Holding Ltd | 45 165 | 8 740 139 | 4,10 |
| Orion Corp/Republic of Korea | 80 727 | 7 740 487 | 3,63 |
| Autohome Inc | 90 456 | 7 472 892 | 3,51 |
| NCSoft Corp | 10 675 | 7 371 129 | 3,46 |
| Samsung Electronics Co Ltd | 169 120 | 6 766 459 | 3,18 |
| Taiwan Semiconductor Manufacturing Co Ltd | 666 000 | 6 644 375 | 3,12 |
| Lepu Medical Technology Beijing Co Ltd | 1 325 600 | 6 132 984 | 2,88 |
| Hengan International Group Co Ltd | 643 500 | 4 605 985 | 2,16 |
| AIA Group Ltd | 483 400 | 4 522 137 | 2,12 |
| Alibaba Group Holding Ltd | 142 000 | 4 044 644 | 1,90 |
| SAIC Motor Corp Ltd - A Shares | 1 089 506 | 3 360 317 | 1,58 |
| TravelSky Technology Ltd | 1 359 000 | 2 604 300 | 1,22 |
| Catcher Technology Co Ltd | 306 000 | 2 534 330 | 1,19 |
| Telkom Indonesia Persero Tbk PT | 11 860 300 | 2 421 948 | 1,14 |