# Comgest Growth China
#### SCHEDULE OF INVESTMENTS
As at 31 December 2019 (expressed in EUR)
Quantity/	Acquisition	Fair Value	% Net
Security	Face value	Currency	cost EUR	EUR	Assets
| Tobacco and spirits |
| --- |
|  | Kweichow Moutai Co Ltd - A Shares | 10,069 | CNY | 500,068 | 1,523,425 | 0.51 |
|  |  |  |  | 500,068 | 1,523,425 | 0.51 |
|  |  |  |  |  |  |  |
| Total China |  |  |  | 109,176,497 | 122,623,485 | 40.70 |
| Hong Kong |  |  |  |  |  |  |
| Insurance |
|  | AIA Group Ltd | 1,130,600 | HKD | 8,940,193 | 10,573,967 | 3.51 |
|  |  |  |  | 8,940,193 | 10,573,967 | 3.51 |
|  |  |  |  |  |  |  |
| Total Hong Kong |  |  |  | 8,940,193 | 10,573,967 | 3.51 |
| Luxembourg |  |  |  |  |  |  |
| Textile |  |  |  |  |  |  |
| Samsonite International SA | 5,693,100 | HKD | 15,780,861 | 12,172,117 | 4.04 |
|  |  |  | 15,780,861 | 12,172,117 | 4.04 |
|  |  |  |  |  |  |
| Total Luxembourg |  |  | 15,780,861 | 12,172,117 | 4.04 |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |
| Naspers Ltd | 69,524 | ZAR | 8,541,955 | 10,146,556 | 3.37 |
|  |  |  | 8,541,955 | 10,146,556 | 3.37 |
|  |  |  |  |  |  |
| Total South Africa |  |  | 8,541,955 | 10,146,556 | 3.37 |
| Taiwan |  |  |  |  |  |
| Electronic semiconductor |
| Taiwan Semiconductor Manufacturing Co |  |  |  |  |  |
| Ltd | 1,044,046 | TWD | 4,364,204 | 10,270,092 | 3.41 |
| Catcher Technology Co Ltd | 1,304,000 | TWD | 11,416,007 | 8,796,909 | 2.92 |
|  |  |  | 15,780,211 | 19,067,001 | 6.33 |

Total Taiwan	15,780,211	19,067,0016.33
Equity securities	215,513,010	233,423,49977.47
| Comgest Growth China |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS As at 31 December 2019 (expressed in EUR) |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| America Depository Receipts |  |  |  |  |  |
| Cayman Islands |  |  |  |  |  |
| Holding and finance companies Noah Holdings Ltd | 235,422 | USD | 8,573,677 | 7,418,152 | 2.46 |
|  |  |  | 8,573,677 | 7,418,152 | 2.46 |
| Internet software NetEase Inc | 57,722 | USD | 10,382,822 | 15,768,262 | 5.23 |
|  |  |  | 10,382,822 | 15,768,262 | 5.23 |
| Other services Alibaba Group Holding Ltd | 84,896 | USD | 12,138,786 | 16,041,373 | 5.32 |
|  |  |  | 12,138,786 | 16,041,373 | 5.32 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 31,095,285 | 39,227,787 | 13.01 |
|  |  |  |  |  |  |
| America Depository Receipts |  |  | 31,095,285 | 39,227,787 | 13.01 |

Sponsored America Depository Receipts Cayman Islands
Automobile industry
| Autohome Inc | 87,544 | USD | 6,193,466 | 6,239,996 | 2.07 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 6,193,466 | 6,239,996 | 2.07 |
| Internet software Weibo Corp | 151,748 | USD | 6,162,954 | 6,265,942 | 2.08 |
|  |  |  | 6,162,954 | 6,265,942 | 2.08 |
| Other services 58.com Inc | 173,122 | USD | 9,239,924 | 9,983,240 | 3.31 |
|  |  |  | 9,239,924 | 9,983,240 | 3.31 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  | 21,596,344 | 22,489,178 | 7.46 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 21,596,344 | 22,489,178 | 7.46 |

Transferable securities admitted to an official stock exchange listing	268,204,639	295,140,46497.94

Translation (ENDE, 2019-12-31):
# Comgest Growth China
WESENTLICHE BESTANDSVERÄNDERUNGEN im Geschäftsjahr zum 31. Dezember 2019
| Käufe |  |  |  |
| --- | --- | --- | --- |
|  |  |  | Prozentualer Anteil |
| Wertpapier | Stück | Betrag (EUR) | Käufe |
| Noah Holdings Ltd | 235.422 | 8.573.677 | 8,05 |
| TravelSky Technology Ltd | 3.837.000 | 6.743.817 | 6,34 |
| Samsonite International SA | 2.424.900 | 6.208.545 | 5,83 |
| Autohome Inc | 87.544 | 6.193.466 | 5,82 |
| China Resources Gas Group Ltd | 1.662.000 | 6.193.152 | 5,82 |
| Weibo Corp | 151.748 | 6.162.954 | 5,79 |
| Alibaba Group Holding Ltd | 34.896 | 5.659.687 | 5,32 |
| Shandong Weigao Group Medical Polymer Co Ltd – H-Aktien | 6.672.000 | 5.361.764 | 5,04 |
| NetEase Inc | 20.500 | 5.033.837 | 4,73 |
| Dong-E-E-Jiao Co Ltd – A-Aktien | 786.472 | 4.991.392 | 4,69 |
| Suofeiya Home Collection Co Ltd | 1.990.099 | 4.494.973 | 4,22 |
| Prosus NV | 69.524 | 4.167.538 | 3,92 |
| 58.com Inc | 73.095 | 3.814.141 | 3,58 |
| Man Wah Holdings Ltd | 6.984.400 | 2.986.124 | 2,81 |
| Hengan International Group Co Ltd | 340.500 | 2.706.913 | 2,54 |
| Tencent Holdings Ltd | 71.800 | 2.698.343 | 2,53 |
| Focus Media Information Technology Co Ltd – A-Aktien | 3.148.346 | 2.638.255 | 2,48 |
| Hangzhou Hikvision Digital Technology Co Ltd – A-Aktien | 632.400 | 2.493.975 | 2,34 |
| AIA Group Ltd | 266.400 | 2.428.337 | 2,28 |
| Catcher Technology Co Ltd | 316.000 | 2.346.064 | 2,20 |
| China Life Insurance Co Ltd – H-Aktien | 858.000 | 2.128.018 | 2,00 |
| 3SBio Inc | 1.461.000 | 1.804.848 | 1,70 |
| Midea Group Co Ltd – A-Aktien | 251.313 | 1.695.353 | 1,59 |
| Naspers Ltd | 7.055 | 1.612.839 | 1,52 |
| Ping An Insurance Group Co of China Ltd – H-Aktien | 135.518 | 1.443.918 | 1,36 |
| Baidu Inc – A-Aktien | 9.100 | 1.385.628 | 1,30 |
| SAIC Motor Corp Ltd – A-Aktien | 353.000 | 1.337.231 | 1,26 |
| China Merchants Port Holdings Co Ltd | 650.000 | 1.202.238 | 1,13 |