# Statement of assets as at 31/12/2019
| Name | ISIN |
| --- | --- |

| Quantity or | holding Currency | Rate | Market value | % |
| --- | --- | --- | --- | --- |
| Units or | 31.12.2019 |  | in EUR | of fund assets *) |
| % in 1.000 |  |  |  |  |

| Diageo PLC Reg. Shares LS -,28935185 | GB0002374006 | QTY | 96,306 | GBP | 32.050 | 3,613,871.09 | 2.68 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Intermediate Capital Grp PLC Registered Shares LS -,2625 | GB00BYT1DJ19 | QTY | 212,861 | GBP | 16.330 | 4,069,804.62 | 3.02 |
| London Stock Exchange GroupPLC Reg. Shares LS 0,069186047 | GB00B0SWJX34 | QTY | 44,660 | GBP | 77.160 | 4,034,616.09 | 2.99 |
| On the Beach Group PLC Registered Shares LS 0,01 | GB00BYM1K758 | QTY | 250,000 | GBP | 4.926 | 1,441,868.63 | 1.07 |
| Softcat PLC Registered Shares LS -,0005 | GB00BYZDVK82 | QTY | 223,242 | GBP | 11.630 | 3,039,813.21 | 2.26 |
| Addlife AB Namn-Aktier B o.N. | SE0007982814 | QTY | 58,212 | SEK | 289.000 | 1,611,547.63 | 1.20 |
| Addtech AB Namn-Aktier B SK -,75 | SE0005568136 | QTY | 130,733 | SEK | 303.000 | 3,794,553.13 | 2.82 |
| Assa-Abloy AB Namn-Aktier B SK -,33 | SE0007100581 | QTY | 193,301 | SEK | 219.000 | 4,055,188.04 | 3.01 |
| CellaVision AB Namn-Aktier SK -,15 | SE0000683484 | QTY | 39,554 | SEK | 319.500 | 1,210,581.56 | 0.90 |
| Epiroc AB Namn-Aktier A o.N. | SE0011166933 | QTY | 299,960 | SEK | 114.350 | 3,285,733.20 | 2.44 |
| Lifco AB Namn-Aktier B o.N. | SE0006370730 | QTY | 51,875 | SEK | 572.000 | 2,842,411.30 | 2.11 |
| NIBE Industrier AB Namn-Aktier B o.N. | SE0008321293 | QTY | 79,335 | SEK | 162.400 | 1,234,194.57 | 0.92 |
| Troax Group AB Namn-Aktier A o.N. | SE0012729366 | QTY | 171,437 | SEK | 120.800 | 1,983,829.18 | 1.47 |

| 133,836,970.93 | 99.30 |
| --- | --- |

Total securities	
EUR
| 1,304,109.73 | 0.97 |
| --- | --- |


## Bank deposits, non-securitised money market instruments and money market funds	EUR
| Bank deposits |
| --- |
| Deposits with State Street Bank International GmbH, Luxembourg Branch |
| Deposits in the fund currency |

| 1,304,109.73 | 0.97 |
| --- | --- |

EUR
| 546,188.49 | EUR |
| --- | --- |

| 546,188.49 | 0.41 |
| --- | --- |

Deposits in other EU/EEA currencies
| 1,051,511.24 | DKK |
| --- | --- |
| 410,334.74 | GBP |
| 7,095.70 | SEK |

| 140,757.02 | 0.10 |
| --- | --- |
| 480,429.39 | 0.36 |
| 679.72 | 0.00 |

| 147,701.43 | CHF |
| --- | --- |

| 136,055.11 | 0.10 |
| --- | --- |

Deposits in currencies outside EU/EEA

## Other assets	EUR
| 36,326.31 | 0.03 |
| --- | --- |

| 36,326.31 | EUR |
| --- | --- |

| 36,326.31 | 0.03 |
| --- | --- |

Dividend entitlements
| Name | ISIN |
| --- | --- |

Translation (ENDE, 2019-12-31):
# Vermögensaufstellung zum 31.12.2019
| Gattungsbezeichnung | ISIN |
| --- | --- |


#### Stück bzw.		Bestand Währung	Kurs	Kurswert		% Anteile bzw.	31.12.2019			in EUR	des Fonds-

#### % in 1.000	vermögens *)
| 133.836.970,93 | 99,30 |
| --- | --- |

Bestandspositionen	

#### EUR
| 133.836.970,93 | 99,30 |
| --- | --- |


## Börsengehandelte Wertpapiere	EUR
| 133.836.970,93 | 99,30 |
| --- | --- |

Aktien	

#### EUR
| Lonza Group AG Namens-Aktien SF 1 | CH0013841017 |
| --- | --- |
| Partners Group Holding AG Namens-Aktien SF -,01 | CH0024608827 |
| Sika AG Namens-Aktien SF 0,01 | CH0418792922 |
| Straumann Holding AG Namens-Aktien SF 0,10 | CH0012280076 |
| VAT Group AG Namens-Aktien SF -,10 | CH0311864901 |
| DSV Panalpina A/S Indehaver Bonus-Aktier DK 1 | DK0060079531 |
| Netcompany Group A/S Navne-Aktier DK1 | DK0060952919 |
| SimCorp A/S Navne-Aktier DK 1 | DK0060495240 |
| adidas AG Namens-Aktien o.N. | DE000A1EWWW0 |
| Amadeus IT Group S.A. Acciones Port. EO 0,01 | ES0109067019 |
| ASML Holding N.V. Aandelen op naam EO -,09 | NL0010273215 |
| BE Semiconductor Inds N.V. Aandelen op Naam EO-,01 | NL0012866412 |
| Bechtle AG Inhaber-Aktien o.N. | DE0005158703 |
| Carel Industries S.p.A. Azioni nom. o.N. | IT0005331019 |
| GRENKE AG Namens-Aktien o.N. | DE000A161N30 |
| Grifols S.A. Acc. Pref. al Port. B EO -,05 | ES0171996095 |
| Heineken N.V. Aandelen aan toonder EO 1,60 | NL0000009165 |
| HelloFresh SE Inhaber-Aktien o.N. | DE000A161408 |
| ID Logistics Group Actions Port. EO -,50 | FR0010929125 |
| Infineon Technologies AG Namens-Aktien o.N. | DE0006231004 |
| Kerry Group PLC Registered Shares A EO -,125 | IE0004906560 |
| LVMH Moët Henn. L. Vuitton SE Actions Port. (C.R.) EO 0,3 | FR0000121014 |
| Moncler S.p.A. Azioni nom. o.N. | IT0004965148 |
| MTU Aero Engines AG Namens-Aktien o.N. | DE000A0D9PT0 |
| Pernod-Ricard S.A. Actions Port. (C.R.) o.N. | FR0000120693 |
| SAP SE Inhaber-Aktien o.N. | DE0007164600 |
| Stabilus S.A. Actions au Porteur EO -,01 | LU1066226637 |
| Ströer SE & Co. KGaA Inhaber-Aktien o.N. | DE0007493991 |
| Téléperformance SE Actions Port. EO 2,5 | FR0000051807 |
| TKH Group N.V. Cert.v.Aandelen EO -,25 | NL0000852523 |
| Worldline S.A. Actions Port. EO -,68 | FR0011981968 |
| Beazley PLC Registered Shares LS -,05 | GB00BYQ0JC66 |
| DCC PLC Registered Shares EO -,25 | IE0002424939 |
| Dechra Pharmaceuticals PLC Registered Shares LS -,01 | GB0009633180 |

| STK | 7.570 | CHF | 353,200 | 2.462.899,78 | 1,83 |
| --- | --- | --- | --- | --- | --- |
| STK | 5.014 | CHF | 887,400 | 4.098.584,75 | 3,04 |
| STK | 23.722 | CHF | 181,850 | 3.973.697,22 | 2,95 |
| STK | 3.753 | CHF | 950,400 | 3.285.603,54 | 2,44 |
| STK | 11.199 | CHF | 163,550 | 1.687.174,33 | 1,25 |
| STK | 22.493 | DKK | 767,800 | 2.311.807,32 | 1,72 |
| STK | 127.055 | DKK | 317,000 | 5.391.469,67 | 4,00 |
| STK | 12.689 | DKK | 757,500 | 1.286.667,05 | 0,95 |
| STK | 11.585 | EUR | 289,800 | 3.357.333,00 | 2,49 |
| STK | 27.702 | EUR | 72,920 | 2.020.029,84 | 1,50 |
| STK | 20.033 | EUR | 262,900 | 5.266.675,70 | 3,91 |
| STK | 56.057 | EUR | 34,560 | 1.937.329,92 | 1,44 |
| STK | 16.894 | EUR | 125,200 | 2.115.128,80 | 1,57 |
| STK | 156.819 | EUR | 13,860 | 2.173.511,34 | 1,61 |
| STK | 27.094 | EUR | 92,250 | 2.499.421,50 | 1,85 |
| STK | 225.007 | EUR | 20,800 | 4.680.145,60 | 3,47 |
| STK | 14.228 | EUR | 95,780 | 1.362.757,84 | 1,01 |
| STK | 87.459 | EUR | 18,660 | 1.631.984,94 | 1,21 |
| STK | 10.127 | EUR | 178,200 | 1.804.631,40 | 1,34 |
| STK | 189.680 | EUR | 20,310 | 3.852.400,80 | 2,86 |
| STK | 14.880 | EUR | 112,000 | 1.666.560,00 | 1,24 |
| STK | 11.661 | EUR | 414,600 | 4.834.650,60 | 3,59 |
| STK | 91.840 | EUR | 40,070 | 3.680.028,80 | 2,73 |
| STK | 10.738 | EUR | 254,600 | 2.733.894,80 | 2,03 |
| STK | 18.076 | EUR | 161,300 | 2.915.658,80 | 2,16 |
| STK | 36.767 | EUR | 120,320 | 4.423.805,44 | 3,28 |
| STK | 32.504 | EUR | 60,650 | 1.971.367,60 | 1,46 |
| STK | 35.518 | EUR | 72,050 | 2.559.071,90 | 1,90 |
| STK | 23.233 | EUR | 216,600 | 5.032.267,80 | 3,73 |
| STK | 26.249 | EUR | 49,800 | 1.307.200,20 | 0,97 |
| STK | 54.136 | EUR | 63,450 | 3.434.929,20 | 2,55 |
| STK | 246.355 | GBP | 5,580 | 1.609.484,72 | 1,19 |
| STK | 37.499 | GBP | 65,220 | 2.863.464,21 | 2,12 |
| STK | 40.972 | GBP | 28,920 | 1.387.320,27 | 1,03 |