# Comgest Growth EAFE1
#### SCHEDULE OF INVESTMENTS
As at 31 December 2019 (expressed in USD)
Quantity/	Acquisition	Fair Value	% Net
Security	Face value	Currency	cost USD	USD	Assets
Electronic semiconductor
| Hoya Corp | 7,900 | JPY | 550,514 | 759,650 | 4.78 |
| --- | --- | --- | --- | --- | --- |
| Keyence Corp | 1,000 | JPY | 310,074 | 354,175 | 2.23 |
| Nidec Corp | 2,400 | JPY | 283,822 | 331,373 | 2.09 |
| Hamamatsu Photonics KK | 10,900 | JPY | 368,163 | 450,844 | 2.84 |

	1,512,573	1,896,042	11.94 
Mechanics and machinery
| Daikin Industries Ltd | 3,300 | JPY | 352,368 | 469,151 | 2.95 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 352,368 | 469,151 | 2.95 |
| News transmission Hikari Tsushin Inc | 3,200 | JPY | 475,454 | 807,693 | 5.08 |
|  |  |  | 475,454 | 807,693 | 5.08 |
| Pharmaceuticals and cosmetics Kose Corp | 1,700 | JPY | 257,146 | 250,288 | 1.58 |
|  |  |  | 257,146 | 250,288 | 1.58 |
| Retail Fast Retailing Co Ltd | 800 | JPY | 340,256 | 478,491 | 3.01 |
| Pan Pacific International Holdings Corp | 28,500 | JPY | 346,122 | 474,935 | 2.99 |
|  |  |  | 686,378 | 953,426 | 6.00 |
|  |  |  |  |  |  |
| Total Japan |  |  | 3,706,629 | 4,864,882 | 30.62 |
| Jersey |  |  |  |  |  |
| Holding and finance companies Experian PLC | 14,883 | GBP | 364,718 | 503,159 | 3.17 |
|  |  |  | 364,718 | 503,159 | 3.17 |
|  |  |  |  |  |  |
| Total Jersey |  |  | 364,718 | 503,159 | 3.17 |
| Netherlands |  |  |  |  |  |
| Tobacco and spirits Heineken NV | 6,619 | EUR | 694,937 | 705,239 | 4.44 |
|  |  |  | 694,937 | 705,239 | 4.44 |

Total Netherlands	694,937	705,2394.44
1 Effective from 19 December 2019 Comgest Growth EAFE Plus was renamed to Comgest Growth EAFE.
| Comgest Growth EAFE1 |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS As at 31 December 2019 (expressed in USD) |
| Security | Quantity/ Face value | Currency | Acquisition cost USD | Fair Value USD | % Net Assets |
| Spain |  |  |  |  |  |
| Internet software |  |  |  |  |  |
|  | Amadeus IT Group SA - A Shares | 5,955 | EUR | 382,510 | 486,631 | 3.06 |
|  |  |  |  | 382,510 | 486,631 | 3.06 |
|  |  |  |  |  |  |  |
| Total Spain |  |  |  | 382,510 | 486,631 | 3.06 |
| Switzerland |  |  |  |  |  |  |
| Pharmaceuticals and cosmetics |
| Roche Holding AG | 1,981 | CHF | 552,838 | 642,365 | 4.04 |
| Straumann Holding AG | 364 | CHF | 309,928 | 357,252 | 2.25 |
|  |  |  | 862,766 | 999,617 | 6.29 |

Total Switzerland	862,766	999,6176.29
Equity securities	10,905,999	13,534,523	85.18
America Depository Receipts Cayman Islands
Other services
| Alibaba Group Holding Ltd | 1,167 | USD | 245,692 | 247,521 | 1.56 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 245,692 | 247,521 | 1.56 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 245,692 | 247,521 | 1.56 |
| Mexico |  |  |  |  |  |
| Tobacco and spirits Fomento Economico Mexicano SAB de CV | 6,526 | USD | 620,731 | 616,772 | 3.88 |
|  |  |  | 620,731 | 616,772 | 3.88 |

Total Mexico	620,731	616,7723.88
America Depository Receipts	866,423	864,2935.44
1 Effective from 19 December 2019 Comgest Growth EAFE Plus was renamed to Comgest Growth EAFE.
| Comgest Growth EAFE1 |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS |
| As at 31 December 2019 |
| (expressed in USD) |
|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| Security | Face value | Currency | cost USD | USD | Assets |
| Sponsored America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Automobile industry |  |  |  |  |  |
| Autohome Inc | 5,286 | USD | 425,018 | 422,933 | 2.66 |
|  |  |  | 425,018 | 422,933 | 2.66 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 425,018 | 422,933 | 2.66 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |  |  |  |  |  |
| Taiwan Semiconductor Manufacturing Co |  |  |  |  |  |
| Ltd | 6,735 | USD | 311,842 | 391,304 | 2.46 |
|  |  |  | 311,842 | 391,304 | 2.46 |
|  |  |  |  |  |  |
| Total Taiwan |  |  | 311,842 | 391,304 | 2.46 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 736,860 | 814,237 | 5.12 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  |  | 12,509,282 | 15,213,053 | 95.74 |
|  |  |  |  |  |  |
| Financial assets at fair value through profit or loss |  |  | 12,509,282 | 15,213,053 | 95.74 |

Cash and other net assets		677,086	4.26 
Total net assets attributable to holders of redeemable participating shares	15,890,139	100.00
% of Total Assets
Transferable securities admitted to an official stock exchange listing95.60
1 Effective from 19 December 2019 Comgest Growth EAFE Plus was renamed to Comgest Growth EAFE.
| Comgest Growth America |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS As at 31 December 2019 (expressed in USD) |
| Security | Quantity/ Face value | Currency | Acquisition cost USD | Fair Value USD | % Net Assets |
| Financial assets at fair value through profit and loss |  |  |  |  |  |

Transferable securities admitted to an official stock exchange listing Equity securities
Ireland
Pharmaceuticals and cosmetics
| Medtronic PLC | 104,000 | USD | 8,686,168 | 11,798,800 | 5.31 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 8,686,168 | 11,798,800 | 5.31 |
|  |  |  |  |  |  |
| Total Ireland |  |  | 8,686,168 | 11,798,800 | 5.31 |
| United States of America |  |  |  |  |  |
| Aerospace technology United Technologies Corp | 56,500 | USD | 6,854,227 | 8,461,440 | 3.81 |
|  |  |  | 6,854,227 | 8,461,440 | 3.81 |
| Biotechnology BioMarin Pharmaceutical Inc | 56,000 | USD | 4,820,840 | 4,734,800 | 2.13 |
|  |  |  | 4,820,840 | 4,734,800 | 2.13 |
| Chemicals Ecolab Inc | 7,800 | USD | 964,328 | 1,505,322 | 0.68 |
|  |  |  | 964,328 | 1,505,322 | 0.68 |
| Consumer goods Church & Dwight Co Inc | 29,000 | USD | 1,475,439 | 2,039,860 | 0.92 |
|  |  |  | 1,475,439 | 2,039,860 | 0.92 |
| Graphic art and publishing Comcast Corp - A Shares | 249,400 | USD | 8,952,662 | 11,215,518 | 5.04 |
| Omnicom Group Inc | 41,500 | USD | 2,938,835 | 3,362,330 | 1.51 |
|  |  |  | 11,891,497 | 14,577,848 | 6.55 |
| Holding and finance companies Aramark | 89,000 | USD | 3,275,684 | 3,862,600 | 1.74 |
| Equifax Inc | 24,200 | USD | 2,948,655 | 3,390,904 | 1.52 |
|  |  |  | 6,224,339 | 7,253,504 | 3.26 |

Translation (ENDE, 2019-12-31):
# Comgest Growth EAFE1
#### WESENTLICHE BESTANDSVERÄNDERUNGEN im Geschäftsjahr zum 31. Dezember 2019
| Verkäufe |  |  |  |
| --- | --- | --- | --- |
|  |  |  | Prozentualer Anteil |
| Wertpapier | Stück | Betrag (USD) | Verkäufe |
| China Mobile Ltd | 88.000 | 821.836 | 8,63 |
| Kweichow Moutai Co Ltd – A-Aktien | 4.492 | 701.547 | 7,37 |
| Seven & i Holdings Co Ltd | 18.300 | 634.567 | 6,67 |
| Unilever PLC | 10.416 | 603.461 | 6,34 |
| Experian PLC | 19.159 | 590.155 | 6,20 |
| Coloplast A/S – B-Aktien | 4.670 | 551.806 | 5,80 |
| Heineken NV | 4.544 | 476.190 | 5,00 |
| Geberit AG | 1.053 | 470.995 | 4,95 |
| Hamamatsu Photonics KK | 9.400 | 377.742 | 3,97 |
| Pan Pacific International Holdings Corp | 14.400 | 363.828 | 3,82 |
| Fomento Economico Mexicano SAB de CV | 3.726 | 356.370 | 3,74 |
| Fast Retailing Co Ltd | 700 | 355.871 | 3,74 |
| Makita Corp | 11.500 | 348.328 | 3,66 |
| EssilorLuxottica SA | 2.762 | 326.269 | 3,43 |
| Inner Mongolia Yili Industrial Group Co Ltd – A-Aktien | 63.976 | 280.871 | 2,95 |
| Ping An Insurance Group Co of China Ltd – H-Aktien | 23.000 | 280.399 | 2,95 |
| Kose Corp | 1.700 | 278.040 | 2,92 |
| L'Oreal SA | 942 | 256.197 | 2,69 |
| Hoya Corp | 2.900 | 254.671 | 2,68 |
| Samsonite International SA | 131.700 | 248.763 | 2,61 |
| Hikari Tsushin Inc | 1.100 | 247.258 | 2,60 |
| Hangzhou Hikvision Digital Technology Co Ltd – A-Aktien | 44.700 | 201.607 | 2,12 |
| AIA Group Ltd | 19.444 | 195.933 | 2,06 |

1 Mit Wirkung vom 19. Dezember 2019 wurde Comgest Growth EAFE Plus in Comgest Growth EAFE umbenannt.