# 26
- | Net sub-fund assets. Totals may differ from the actual value due to rounding differences in the individual positions.
- | Head office in France, registered in Luxembourg.
- | Head office in Hong Kong, registered in Bermuda.
- | Head office in Hong Kong, registered in the Cayman Islands.

| ISIN | Securities |  | Purchases during the reporting period | Sales during the reporting period | Holding | Price | Market value EUR | % of net sub-fund assets  1 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Switzerland |  |  |  |  |  |  |  |  |
| JE00B4T3BW64 | Glencore Plc.  2 | GBP | 200,000 | 56,000 | 374,000 | 2.8905 | 1,194,923.18 | 0.99 |
| CH0012271687 | Helvetia Patria Holding | CHF | 900 | 400 | 2,400 | 573.5000 | 1,221,403.85 | 1.01 |
| CH0013841017 | Lonza Group AG | CHF | 900 | 900 | 4,500 | 251.5000 | 1,004,303.84 | 0.83 |
| CH0038863350 | Nestle S.A. | CHF | 19,600 | 3,600 | 16,000 | 79.9800 | 1,135,575.47 | 0.94 |
| CH0012032048 | Roche Holding AG Genussscheine | CHF | 1,200 | 1,000 | 5,700 | 241.1000 | 1,219,513.71 | 1.01 |
| CH0244767585 | UBS Group AG | CHF | 30,000 | 0 | 107,000 | 12.2100 | 1,159,348.66 | 0.96 |
|  |  |  |  |  |  |  | 6,935,068.71 | 5.74 |
| South Africa |  |  |  |  |  |  |  |  |
| ZAE000015889 | Naspers Ltd. | ZAR | 1,600 | 0 | 6,800 | 2,903.2700 | 1,196,549.91 | 0.99 |
|  |  |  |  |  |  |  | 1,196,549.91 | 0.99 |
| United States of | America |  |  |  |  |  |  |  |
| US0126531013 | Albemarle Corporation | USD | 5,700 | 2,800 | 15,400 | 77.2200 | 1,039,863.59 | 0.86 |
| US02079K1079 | Alphabet Inc. Class C | USD | 400 | 300 | 1,300 | 1,043.8800 | 1,186,642.18 | 0.98 |
| US0231351067 | Amazon.com Inc. | USD | 300 | 300 | 900 | 1,461.6400 | 1,150,293.81 | 0.95 |
| US0258161092 | American Express Co. | USD | 13,300 | 0 | 13,300 | 94.6800 | 1,101,122.77 | 0.91 |
| US0378331005 | Apple Inc. | USD | 3,300 | 2,000 | 8,300 | 156.1500 | 1,133,302.73 | 0.94 |
| US0394831020 | Archer-Daniels-Midland Corporation | USD | 35,000 | 2,800 | 32,200 | 40.9600 | 1,153,298.36 | 0.95 |
| US0758871091 | Becton Dickinson & Co. | USD | 1,000 | 800 | 5,800 | 222.2200 | 1,127,033.93 | 0.93 |
| US0846707026 | Berkshire Hathaway Inc. | USD | 1,400 | 1,100 | 6,800 | 200.1200 | 1,189,940.54 | 0.98 |
| US09247X1019 | BlackRock Inc. -A- | USD | 1,000 | 0 | 3,400 | 387.8000 | 1,152,955.58 | 0.95 |
| US09253U1088 | Blackstone Group L.P. | USD | 11,800 | 7,300 | 44,000 | 30.4600 | 1,171,948.23 | 0.97 |
| US09857L1089 | Booking Holdings Inc. | USD | 200 | 90 | 800 | 1,717.8000 | 1,201,678.91 | 0.99 |
| US11135F1012 | Broadcom Inc. | USD | 7,900 | 2,400 | 5,500 | 250.8500 | 1,206,431.44 | 1.00 |
| US20451N1019 | Compass Minerals Intl Inc. | USD | 16,200 | 4,700 | 29,500 | 41.3700 | 1,067,169.46 | 0.88 |
| US5324571083 | Eli Lilly & Co. | USD | 2,700 | 6,200 | 12,500 | 112.8900 | 1,233,932.32 | 1.02 |
| US30231G1022 | Exxon Mobil Corporation | USD | 21,700 | 3,100 | 18,600 | 68.9400 | 1,121,269.67 | 0.93 |
| US30303M1027 | Facebook Inc. | USD | 4,500 | 700 | 9,800 | 134.5200 | 1,152,759.71 | 0.95 |
| US4595061015 | International Flavors & Fragrances | USD | 12,100 | 1,600 | 10,500 | 132.4200 | 1,215,818.47 | 1.00 |
| US4781601046 | Johnson & Johnson | USD | 12,100 | 2,000 | 10,100 | 127.4100 | 1,125,254.46 | 0.93 |
| US46625H1005 | JPMorgan Chase & Co. | USD | 14,900 | 1,600 | 13,300 | 97.0400 | 1,128,569.43 | 0.93 |
| US4878361082 | Kellogg Co. | USD | 25,200 | 1,900 | 23,300 | 57.1400 | 1,164,185.03 | 0.96 |
| US5178341070 | Las Vegas Sands Inc. | USD | 10,500 | 0 | 27,000 | 51.1400 | 1,207,397.69 | 1.00 |
| US58933Y1055 | Merck & Co. Inc. | USD | 3,600 | 4,800 | 18,800 | 75.3800 | 1,239,195.52 | 1.02 |
| US6516391066 | Newmont Mining Corporation | USD | 19,200 | 14,000 | 39,000 | 34.9900 | 1,193,258.13 | 0.99 |
| US74762E1029 | Quanta Services Inc. | USD | 7,000 | 0 | 42,000 | 30.1700 | 1,108,027.28 | 0.92 |
| US8552441094 | Starbucks Corporation | USD | 6,800 | 6,600 | 22,200 | 63.2000 | 1,226,862.54 | 1.01 |
| US88160R1014 | Tesla Inc. | USD | 1,650 | 850 | 4,200 | 316.1300 | 1,161,023.09 | 0.96 |
| US7427181091 | The Procter & Gamble Co. | USD | 15,600 | 1,100 | 14,500 | 92.0200 | 1,166,745.37 | 0.96 |
|  |  |  |  |  |  |  | 31,325,980.24 | 25.87 |

Continued – Statement of investments as at 31 December 2018

Translation (ENDE, 2018-12-31):
# 26
1 | NTFV = Netto-Teilfondsvermögen. Aufgrund von Rundungsdifferenzen in den Einzelpositionen können die Summen vom tatsächlichen Wert abweichen.
2 | Hauptverwaltung in Frankreich, registriert in Luxemburg.
3 | Hauptverwaltung in Hongkong, registriert auf den Bermudas.
4 | Hauptverwaltung in Hongkong, registriert auf den Cayman Inseln.
Fortsetzung – Vermögensaufstellung zum 31. Dezember 2018
| ISIN | Wertpapiere |  | Zugänge im Berichtszeitraum | Abgänge im Berichtszeitraum | Bestand | Kurs | Kurswert EUR | %-Anteil vom NTFV  1 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Schweiz |  |  |  |  |  |  |  |  |
| JE00B4T3BW64 | Glencore Plc.  2 | GBP | 200.000 | 56.000 | 374.000 | 2,8905 | 1.194.923,18 | 0,99 |
| CH0012271687 | Helvetia Patria Holding | CHF | 900 | 400 | 2.400 | 573,5000 | 1.221.403,85 | 1,01 |
| CH0013841017 | Lonza Group AG | CHF | 900 | 900 | 4.500 | 251,5000 | 1.004.303,84 | 0,83 |
| CH0038863350 | Nestle S.A. | CHF | 19.600 | 3.600 | 16.000 | 79,9800 | 1.135.575,47 | 0,94 |
| CH0012032048 | Roche Holding AG Genussscheine | CHF | 1.200 | 1.000 | 5.700 | 241,1000 | 1.219.513,71 | 1,01 |
| CH0244767585 | UBS Group AG | CHF | 30.000 | 0 | 107.000 | 12,2100 | 1.159.348,66 | 0,96 |
| Südafrika |  |  |  |  |  |  | 6.935.068,71 | 5,74 |
| ZAE000015889 | Naspers Ltd. | ZAR | 1.600 | 0 | 6.800 | 2.903,2700 | 1.196.549,91 | 0,99 |
|  |  |  |  |  |  |  | 1.196.549,91 | 0,99 |

| Vereinigte Staaten von Amerika |  |
| --- | --- |
| US0126531013 Albemarle Corporation	USD | 5.700 | 2.800 | 15.400 | 77,2200 | 1.039.863,59 | 0,86 |
| US02079K1079  Alphabet Inc. Class C	USD | 400 | 300 | 1.300 | 1.043,8800 | 1.186.642,18 | 0,98 |
| US0231351067 Amazon.com Inc.	USD | 300 | 300 | 900 | 1.461,6400 | 1.150.293,81 | 0,95 |
| US0258161092  American Express Co.	USD | 13.300 | 0 | 13.300 | 94,6800 | 1.101.122,77 | 0,91 |
| US0378331005 Apple Inc.	USD | 3.300 | 2.000 | 8.300 | 156,1500 | 1.133.302,73 | 0,94 |
| US0394831020  Archer-Daniels-Midland	USD Corporation | 35.000 | 2.800 | 32.200 | 40,9600 | 1.153.298,36 | 0,95 |
| US0758871091  Becton Dickinson & Co.	USD | 1.000 | 800 | 5.800 | 222,2200 | 1.127.033,93 | 0,93 |
| US0846707026  Berkshire Hathaway Inc.	USD | 1.400 | 1.100 | 6.800 | 200,1200 | 1.189.940,54 | 0,98 |
| US09247X1019  BlackRock Inc. -A-	USD | 1.000 | 0 | 3.400 | 387,8000 | 1.152.955,58 | 0,95 |
| US09253U1088  Blackstone Group L.P.	USD | 11.800 | 7.300 | 44.000 | 30,4600 | 1.171.948,23 | 0,97 |
| US09857L1089 Booking Holdings Inc.	USD | 200 | 90 | 800 | 1.717,8000 | 1.201.678,91 | 0,99 |
| US11135F1012 Broadcom Inc.	USD | 7.900 | 2.400 | 5.500 | 250,8500 | 1.206.431,44 | 1,00 |
| US20451N1019  Compass Minerals Intl Inc.	USD | 16.200 | 4.700 | 29.500 | 41,3700 | 1.067.169,46 | 0,88 |
| US5324571083  Eli Lilly & Co.	USD | 2.700 | 6.200 | 12.500 | 112,8900 | 1.233.932,32 | 1,02 |
| US30231G1022 Exxon Mobil Corporation	USD | 21.700 | 3.100 | 18.600 | 68,9400 | 1.121.269,67 | 0,93 |
| US30303M1027 Facebook Inc.	USD | 4.500 | 700 | 9.800 | 134,5200 | 1.152.759,71 | 0,95 |
| US4595061015 International Flavors & Fragrances USD | 12.100 | 1.600 | 10.500 | 132,4200 | 1.215.818,47 | 1,00 |
| US4781601046 Johnson & Johnson	USD | 12.100 | 2.000 | 10.100 | 127,4100 | 1.125.254,46 | 0,93 |
| US46625H1005  JPMorgan Chase & Co.	USD | 14.900 | 1.600 | 13.300 | 97,0400 | 1.128.569,43 | 0,93 |
| US4878361082 Kellogg Co.	USD | 25.200 | 1.900 | 23.300 | 57,1400 | 1.164.185,03 | 0,96 |
| US5178341070 Las Vegas Sands Inc.	USD | 10.500 | 0 | 27.000 | 51,1400 | 1.207.397,69 | 1,00 |
| US58933Y1055  Merck & Co. Inc.	USD | 3.600 | 4.800 | 18.800 | 75,3800 | 1.239.195,52 | 1,02 |
| US6516391066 Newmont Mining Corporation	USD | 19.200 | 14.000 | 39.000 | 34,9900 | 1.193.258,13 | 0,99 |
| US74762E1029  Quanta Services Inc.	USD | 7.000 | 0 | 42.000 | 30,1700 | 1.108.027,28 | 0,92 |
| US8552441094 Starbucks Corporation	USD | 6.800 | 6.600 | 22.200 | 63,2000 | 1.226.862,54 | 1,01 |
| US88160R1014 Tesla Inc.	USD | 1.650 | 850 | 4.200 | 316,1300 | 1.161.023,09 | 0,96 |
| US7427181091  The Procter & Gamble Co.	USD | 15.600 | 1.100 | 14.500 | 92,0200 | 1.166.745,37 | 0,96 |
|  |  |  |  |  | 31.325.980,24 | 25,87 |