# Comgest Growth World
#### SCHEDULE OF INVESTMENTS
As at 31 December 2019 (expressed in USD)
Acquisition	Fair Value		% Net cost USD		USD	Assets
Financial assets at fair value through profit or loss	 637,901,963	763,508,014	95.09 
Cash and other net assets	 39,412,813	4.91 
Total net assets attributable to holders of redeemable participating shares	 802,920,827	100.00 
% of Total Assets
Transferable securities admitted to an official stock exchange listing93.47
Other transferable securities1.40
| Comgest Growth Global Flex |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS As at 31 December 2019 (expressed in EUR) |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |

Transferable securities admitted to an official stock exchange listing Equity securities
Cayman Islands
Holding and finance companies
| 20,470 | HKD | 773,878 | 879,061 | 1.16 |
| --- | --- | --- | --- | --- |
|  |  | 773,878 | 879,061 | 1.16 |
|  |  |  |  |  |
|  |  | 773,878 | 879,061 | 1.16 |

Tencent Holdings Ltd
Total Cayman Islands
China
Banks and financial institutions
| Hangzhou Hikvision Digital Technology Co Ltd - A Shares | 404,303 | CNY | 1,744,719 | 1,692,917 | 2.24 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 1,744,719 | 1,692,917 | 2.24 |
| Business houses Inner Mongolia Yili Industrial Group Co Ltd - A Shares | 745,842 | CNY | 2,735,208 | 2,951,327 | 3.91 |
|  |  |  | 2,735,208 | 2,951,327 | 3.91 |
| Insurance Ping An Insurance Group Co of China Ltd - H Shares | 430,917 | HKD | 4,167,902 | 4,537,629 | 6.01 |
|  |  |  | 4,167,902 | 4,537,629 | 6.01 |
| Tobacco and spirits |  |  |  |  |  |
| Kweichow Moutai Co Ltd - A Shares | 4,769 | CNY | 514,660 | 721,543 | 0.96 |
|  |  |  | 514,660 | 721,543 | 0.96 |
|  |  |  |  |  |  |
| Total China |  |  | 9,162,489 | 9,903,416 | 13.12 |
| France |  |  |  |  |  |
| Pharmaceuticals and cosmetics |  |  |  |  |  |
| L'Oreal SA | 9,893 | EUR | 2,130,100 | 2,611,752 | 3.46 |
|  |  |  | 2,130,100 | 2,611,752 | 3.46 |
|  |  |  |  |  |  |
| Total France |  |  | 2,130,100 | 2,611,752 | 3.46 |

Translation (ENDE, 2019-12-31):
# Comgest Growth World
WESENTLICHE BESTANDSVERÄNDERUNGEN im Geschäftsjahr zum 31. Dezember 2019
| Verkäufe |  |  |  |
| --- | --- | --- | --- |
|  |  |  | Prozentualer Anteil |
| Wertpapier | Stück | Betrag (USD) | Verkäufe |
| China Mobile Ltd | 2.559.500 | 25.557.591 | 11,16 |
| Seven & i Holdings Co Ltd | 595.300 | 20.706.649 | 9,04 |
| Unilever PLC | 308.762 | 17.546.753 | 7,66 |
| Church & Dwight Co Inc | 238.984 | 16.516.985 | 7,21 |
| Kweichow Moutai Co Ltd – A-Aktien | 90.714 | 14.544.694 | 6,35 |
| Ecolab Inc | 76.600 | 13.638.753 | 5,95 |
| Pan Pacific International Holdings Corp | 401.900 | 13.609.969 | 5,94 |
| Geberit AG | 25.650 | 11.438.823 | 4,99 |
| Medtronic PLC | 112.000 | 11.068.525 | 4,83 |
| Johnson & Johnson | 71.400 | 10.106.007 | 4,41 |
| Eli Lilly & Co | 82.900 | 9.768.757 | 4,27 |
| Heineken NV | 92.147 | 9.736.751 | 4,25 |
| Makita Corp | 316.300 | 9.630.692 | 4,20 |
| Walmart Inc | 92.600 | 9.281.445 | 4,05 |
| Hikari Tsushin Inc | 36.600 | 8.034.749 | 3,51 |
| Fast Retailing Co Ltd | 11.300 | 5.927.587 | 2,59 |
| Oracle Corp | 102.400 | 5.740.346 | 2,51 |
| Samsonite International SA | 2.757.000 | 5.314.750 | 2,32 |
| L'Oreal SA | 12.930 | 3.273.425 | 1,43 |
| Ping An Insurance Group Co of China Ltd – H-Aktien | 84.000 | 952.132 | 0,42 |