# NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 (continued)
- FeesInvestment Manager’s FeesThe Investment Manager’s fees are accrued daily and payable monthly in arrears out of the assets of each of the Funds as presented in following table.


## The table below presents figures for Funds and share classes which were in issue as at 31 December 2021.
| Fund Name | Share Class | % of Net Asset Value |
| --- | --- | --- |
| Comgest Grow th World | USD Acc Class | 1.50% |
| EUR I Acc Class, USD I Acc Class, GBP U Acc Class, GBP U Dis Class7 | 0.85% |
| EUR R Acc Class | 2.00% |
| EUR Dis Class, EUR Fixed Dis Class18 | 1.80% |
| EUR Z Acc Class | 0.90% |
| EUR SI Acc Class | 0.75% |
| Comgest Grow th World Compounders 39 | EUR I Acc Class40 | 0.85% |
| Comgest Grow th World Plus19 | EUR I Acc Class20, GBP U Acc Class 30 , GBP U Dis Class 33 | 0.85% |
| EUR Z Acc Class30 | 0.90% |
| USD Acc Class30 | 1.50% |
| Comgest Grow th Global Flex | EUR I Acc Class | 0.90% |
| EUR R Acc Class | 1.80% |
| EUR Z Acc Class | 0.95% |
| Comgest Grow th EAFE | USD I Acc Class | 0.85% |
| Comgest Grow th America | USD Acc Class | 1.50% |
| USD I Acc Class, EUR I H Acc Class12, GBP U Acc Class | 0.75% |
| EUR Z Acc Class | 0.80% |
| EUR R Acc Class | 2.00% |
| Comgest Grow th Japan | JPY Acc Class | 1.50% |
| JPY I Acc Class, EUR I Acc Class, EUR I H Acc Class, USD I Acc Class, GBPU H Acc Class, USD I H Acc Class, GBP U Acc Class, GBP U Dis Class41, GBPZ H Acc Class, EUR I Dis Class, JPY I Dis Class4 | 0.85% |
| EUR H Dis Class, EUR R Acc Class, EUR R Dis Class, USD R Acc Class, USD R H Acc Class, EUR R H Acc Class16 | 1.70% |
| EUR Z Acc Class, EURZ H Acc Class | 0.90% |
| EUR X H Acc Class | 0.00% |
| EUR SI Acc Class 25 , GBP SU Acc Class24 | 0.75% |
| Comgest Grow th Japan Compounders | JPY SI Acc Class | 0.60% |
| Comgest Grow th Emerging Markets | EUR Dis Class, EUR Fixed Dis Class, USD Acc Class, USD Dis Class, | 1.50% |
| EUR I Acc Class, EUR I Dis Class, EUR I Fixed Dis Class, USD I Acc Class, GBP U Acc Class, GBP Z Acc Class | 1.00% |
| EUR R Acc Class, USD R Acc Class | 2.00% |
| EUR Z Acc Class, EUR Z Dis Class, USD Z Acc Class, USD Z Dis Class | 1.05% |
| USD X Acc Class | 0.00% |
| EUR Y Acc Class9 | 0.85% |
| Comgest Grow th Emerging Markets ex China | USD I Acc Class | 1.00% |
| Comgest Grow th Emerging Markets Flex 32 | EUR I Acc Class31 | 1.10% |
| EUR Z Acc Class31 | 1.15% |
| EUR R Acc Class31 | 2.20% |


## 5.	Fees (continued)

## Investment Manager’s Fees (continued)
| Fund Name | Share Class | % of Net Asset Value |
| --- | --- | --- |
| Comgest Grow th Emerging Markets Plus5 | EUR Acc Class10 | 1.50% |
| EUR I Acc Class10, GBP U Acc Class6, GBP U Dis Class17 | 1.00% |
| EUR Z Acc Class15 | 1.05% |
| GBP X Dis Class6 | 0.00% |
| Comgest Grow th GEM Promising Companies | EUR Acc Class, EUR Dis Class | 1.75% |
| EUR I Acc Class, USD I Acc Class | 1.25% |
| EUR R Acc Class | 2.50% |
| EUR Z Acc Class | 1.30% |
| Comgest Grow th Europe | EUR Acc Class, EUR Dis Class, EUR Fixed Dis Class, USD Acc Class42 | 1.50% |
| EUR I Acc Class, EUR I Dis Class, EUR I Fixed Dis Class GBP U Acc Class35, USD I Acc Class, USD I H Acc Class, | 1.00% |
| EUR R Acc Class | 2.00% |
| EUR Z Acc Class, EUR Z Dis Class, USD Z Acc Class28 | 1.05% |
| Comgest Grow th Europe Compounders | EUR SI Acc Class | 0.60% |
| Comgest Grow th Europe Plus | EUR I Acc Class | 1.00% |
| EUR Acc Class9 | 1.50% |
| EUR Z Acc Class2 | 1.05% |
| Comgest Grow th Europe S | EUR Acc Class, USD Acc Class | 2.00% |
| EUR Z Acc Class, USD Z Acc Class 38 | 1.15% |
| Comgest Grow th Europe Opportunities | EUR Acc Class, EUR Dis Class | 1.50% |
| EUR I Acc Class, USD I H Acc Class14, GBP U Acc Class36, GBP U H Acc Class37 | 1.00% |
| EUR R Acc Class | 2.00% |
| EUR Z Acc Class | 1.05% |
| EUR X Acc Class23 | 0.00% |
| Comgest Grow th Europe Smaller Companies | EUR Acc Class | 1.50% |
| EUR X Acc Class | 0.00% |
| EUR Z Acc Class | 1.05% |
| EUR I Acc Class, EUR I Dis Class3, GBP U Acc Class13 | 1.00% |
| EUR R Acc Class21 | 2.00% |
| Comgest Grow th Europe ex Sw itzerland | CHF I Acc Class | 1.00% |
| CHF Z Acc Class | 1.05% |
| Comgest Grow th Europe ex UK | GBP Y Acc Class22, GBP Y Dis Class 27 | 0.75% |
| GBP SU Acc Class, GBP SU H Acc Class, GBP SU Dis Class8, EUR SI Acc Class, EUR SI Dis Class1 | 0.85% |
| GBP U Acc Class | 1.00% |
| Comgest Grow th Asia | USD Acc Class, EUR Acc Class 29 | 1.50% |
| EUR I Acc Class | 1.00% |
| EUR Z Acc Class | 1.05% |
| Comgest Grow th Asia ex Japan | EUR I Acc Class, USD I Acc Class, GBP U Acc Class | 1.00% |
| Comgest Grow th Asia Pac ex Japan | EUR Dis Class, EUR H Acc Class26, USD Acc Class, USD Dis Class | 1.50% |
| USD I Acc Class, EUR I Acc Class, GBP U Acc Class | 1.00% |
| EUR Z Acc Class | 1.05% |
| EUR R Acc Class | 2.00% |
| Comgest Grow th China | EUR Acc Class, USD Acc Class | 1.50% |
| EUR SI Acc Class | 1.00% |
| EUR I Acc Class, USD I Acc Class11, GBP U Acc Class | 1.25% |
| EUR Z Acc Class | 1.30% |
| EUR R Acc Class34 | 2.00% |


## 5.	Fees (continued)

## Investment Manager’s Fees (continued)
| Fund Name | Share Class | % of Net Asset Value |
| --- | --- | --- |
| Comgest Grow th India | USD Acc Class | 1.75% |
| EUR R Acc Class | 2.50% |
| EUR I Acc Class, GBP U Acc Class | 1.25% |
| USD X Acc Class | 0.00% |
| Comgest Grow th Latin America | EUR Acc Class, USD Acc Class | 1.75% |
| EUR R Acc Class | 2.50% |
| EUR I Acc Class, USD I Acc Class, GBP U Acc Class | 1.25% |
| EUR Z Acc Class | 1.30% |

| 1 Comgest Growth Europe Ex UK EUR SI Dis was launched on 7 January 2020. |
| --- |
| 2 Comgest Growth Europe Plus EUR Z Acc was launched on 8 January 2020. |
| 3 Comgest Growth Europe Smaller Companies EUR I Dis was launched on 14 January 2020. |
| 4 Comgest Growth Japan JPY I Dis was launched on 24 January 2020. |
| 5 Comgest Growth Emerging Markets Plus was launched on 29 January 2020. |
| 6 Comgest Growth Emerging Markets Plus GBP U Acc and GBP X Dis was launched on 29 January 2020. |
| 7 Comgest Growth World GBP U Dis was launched on 3 February 2020. |
| 8 Comgest Growth Europe Ex UK GBP SU Dis was launched on 20 February 2020. |
| 9 Comgest Growth Emerging Markets EUR Y Acc and Comgest Growth Europe Plus EUR Acc were launched on 16 April 2020. |
| 10 Comgest Growth Emerging Markets Plus EUR Acc and EUR I Acc were launched on 16 April 2020. |
| 11 Comgest Growth China USD I Acc launched on 11 September 2017 subsequently fully redeemed on 11 March 2020 and relaunched on 1 7 April 2020. |
| 12 Comgest Growth America EUR I H Acc was launched on 24 November 2016, fully redeemed on 4 May 2017, relaunched on 22 August 2017, subsequently fully redeemed on 30 December 2019 , relaunched on 14 February 2020, fully redeemed on 11 March 2020 and relaunched on 17 April 2020. |
| 13 Comgest Growth Europe Smaller Companies GBP U Acc was launched on 12 May 2020. |
| 14 Comgest Growth Europe Opportunities USD I H Acc was launched on 16 June 2020. |
| 15 Comgest Growth Emerging Markets Plus EUR Z Acc was launched on 17 June 2020. |
| 16 Comgest Growth Japan EUR R H Acc was launched on 29 July 2020. |
| 17 Comgest Growth Emerging Markets Plus GBP U Dis was launched on 19 October 2020. |
| 18 Comgest Growth World EUR Fixed Dis was launched on 22 October 2020. |
| 19 Comgest Growth World Plus was launched on 27 November 2020. |
| 20 Comgest Growth World Plus EUR I Acc was launched on 27 November 2020. |
| 21 Comgest Growth Europe Smaller Companies EUR R Acc was launched on 4 December 2020. |
| 22 Comgest Growth Europe Ex UK GBP Y Acc was launched on 8 December 2 020. |
| 23 Comgest Growth Europe Opportunities EUR X Acc was launched on 10 December 2020. |
| 24 Comgest Growth Japan GBP SU Acc was launched on 16 December 2020. |
| 25 Comgest Growth Japan EUR SI Acc was launched on 3 February 2021. |
| 26 Comgest Growth Asia Pac Ex Japan Fund EUR H Acc was launched on 2 March 2021, subsequently fully redeemed on 22 December 2021. |
| 27 Comgest Growth Europe Ex UK GBP Y Dis Class was launched on 24 March 2021. |
| 28 Comgest Growth Europe USD Z Acc was launched on 6 April 2021. |
| 29 Comgest Growth Asia EUR Acc Class was launched on 12 February 2021, fully liquidated on 18 March 2021 , relaunched on 20 April 2021 and fully liquidated on 14 February 2022. |
| 30 Comgest Growth World Plus GBP U Acc, USD Acc and EUR Z Acc was launched on 6 May 20 21. |
| 31 Comgest Growth Emerging Markets Flex EUR I Acc Class, EUR R Acc Class and EUR Z Acc Class were terminated on 28 May 2021. |
| 32 Comgest Growth Emerging Markets Flex was merged with Comgest Growth Global Flex on 31 May 2021. |
| 33 Comgest Growth World Plus GBP U Dis was launched on 28 June 2021. |
| 34 Comgest Growth China EUR R Acc was launched on 7 July 2021. |
| 35 Comgest Growth Europe GBP U Acc was launched on 30 September 2021. |
| 36 Comgest Growth Europe Opportunities GBP U Acc Class was launched on 3 March 2020, subsequently fully redeemed on 6 April 2020 and relaunched on 7 October 2021. |
| 37 Comgest Growth Europe Opportunities GBP U H Acc was launched on 12 October 2021. |
| 38 Comgest Growth Europe S USD Z Acc was launched on 10 November 2021. |
| 39 Comgest Growth World Compounders was launched on 29 November 2021. |
| 40 Comgest Growth World Compounders EUR I Acc was launched on 29 November 2021. |
| 41 Comgest Growth Japan GBP U Dis was launched on 6 December 2021. |
| 42 Comgest Growth Europe USD Acc was launched on 13 December 2021. |

There is no management fee charged on assets of the Funds invested in other Collective Investment Schemes and Undertakings for Collective Investment in Transferable Securities managed by the Investment Manager or an associated company.

## 5.	Fees (continued)

## Investment Manager’s Fees (continued)
No investment management fees are payable out of the assets attributable to the X Acc/Dis share classes. These share classes are available to investors who are subject to the criteria noted within the Prospectus.
The Company shall reimburse for all reasonable and properly vouched out of pocket expenses incurred by the Investment Manager in the performance of its duties and responsibilities under the Investment Management Agreement.
The amount of Investment Manager’s fees payable and charged for each Fund during the financial year ended 31 December 2021 and 2020 have been noted on the Statement of Financial Position and the Statement of Comprehensive Income respectively. The total investment management fees charged for the financial year ended 31 December 2021 were €206,221,111 (31 December 2020: €168,422,120) and the amount payable as at 31 December 2021 was

## €17,263,741 (31 December 2020: €31,796,650).
The Investment Manager waived its fees in their entirety, or as noted, on the following Sub-Funds for the period to 31 December 2021; Comgest Growth Emerging Markets ex China (the fee waiver was stopped on 2 July 2021 and was reinstated on 18 October 2021), Comgest Growth World Compounders, Comgest Growth Japan Compounders and Comgest Growth Europe Compounders. There was also a fee waiver applied to Comgest Growth Global Emerging Markets Flex from 11 February 2021 up to the merger and subsequent liquidation point.
As set out in the prospectus under ‘Fees and Expenses’ (TER section), the Company may impose a cap on expenditure such that the expenditure of a Share Class does not exceed thresholds agreed between the Investment Manager and the Company. In the event of expenditure exceeding an agreed cap, the Investment Manager shall reimburse the affected Share Class(es). Where such instances arose in the period, the detail of any and all reimbursement by the Investment Manager is captured for the relevant Sub-Fund in the Statement of Comprehensive Income.

## Sub-Investment Manager and Distributor Fees

## The fees and expenses of a Sub-Investment Manager and Distributors will be paid by the Investment Manager out of its investment management fee.

## Administrator’s Fees
The Administrator shall be entitled to receive an annual fee from the Company, accrued daily and payable monthly in arrears, not exceeding 0.05% of the Net Asset Value of the Company, subject to such minimum fee as agreed between the Company and the Administrator.

## The minimum fee includes €2,500 per Fund for the production of annual financial statements and €1,750 per Fund for the production of semi-annual financial statements.
The Administrator is entitled to a minimum annual fee of €29,000 per Fund which includes two share classes. For each additional share class in excess of two per Fund, a fee of €3,000 per annum will be incurred and charged to the relevant Fund. The minimum annual fee will increase by €29,000 for each additional Fund. The annual fee will be charged pro rata in the event of a Fund commencing or ceasing during a financial year.
The Administrator is also entitled to a domiciliary and corporate agent services fee of €3,000 per annum for the Company as a whole and to be reimbursed for all agreed maintenance fees, Shareholder servicing fees, systems connection and programming fees, registered certificate fees and transaction fees (which shall all be at normal commercial rates and as set out in the Administration Agreement) and all reasonable out of pocket expenses properly incurred by it in the performance of its duties and responsibilities under the Administration Agreement, all of which will also be applied to the minimum fee.
The Administrator is also entitled to a fee for services provided to the Company in relation to the Foreign Account Tax Compliance Act (FATCA). Fees of €1,250 per year were charged to the Funds for FATCA services during the financial year ended 31 December 2021 and 31 December 2020.
The Administrator is also entitled to a fee for services provided to the Company in relation to the requirements of the Common Reporting Standard (CRS). There were fees of €1,250 charged for CRS services during the financial year ended 31 December 2021 and 31 December 2020.
- Fees (continued) Administrator’s Fees (continued)The Administrator’s fees were updated, effective 1 January 2021. A summary of the changes can be seen in note 17.

The amount of Administrator’s fees payable and charged for each Fund during the financial years ended 31 December 2021 and 31 December 2020 have been noted on the Statement of Financial Position and the Statement of Comprehensive Income respectively. The total Administrator's fees charged for the financial year ended 31 December 2021 were €1,774,463 (31 December 2020: €1,648,560) and the amount payable as at 31 December 2021 was €688,843 (31 December 2020: €304,949).

## Depositary
The Depositary shall be entitled to receive an annual fee from the Company accrued daily and payable monthly in arrears not exceeding 0.0105% of the Net Asset Value of the Company with a minimum annual depositary fee of €4,200 per Fund per month. The Company shall also pay and reimburse the Depositary in respect of all out -of-pocket expenses incurred by it on behalf of the Company. The Company will also be responsible for transaction charges and sub-custody charges (which will be charged at normal commercial rates).
The Company shall pay to the Depositary, out of the assets of the Company, an annual Safekeeping fee accrued daily and payable monthly in arrears at a rate, depending on the custody markets, ranging from 0.006% up to 0.50% of the Net Asset Value of the Company, subject to a minimum fee of €25,000 per annum for the Company.

## The Depositary fees were updated, effective 1 January 2021. A summary of the changes can be seen in note 17.
The amount of Depositary fees payable and charged for each Fund during the financial year ended 31 December 2021 and 31 December 2020 have been noted on the Statement of Financial Position and the Statement of Comprehensive Income respectively. The total Depositary fees charged for the financial year ended 31 December 2021 were €4,589,907 (31 December 2020: €4,778,365) and the amount payable as at 31 December 2021 was €1,860,480 (31 December 2020:

## €674,434).

## Publication Fees

## The amount of Publication fees charged for each Fund during the financial years ended to 31 December 2021 and 31 December 2020 has been noted on the Statement of Comprehensive Income.

## Directors’ Fees

## Directors’ fees and expenses are charged to the Funds on a pro rata basis. Fees of €188,944 (31 December 2020:

## €181,627) were charged to the Funds during the financial year in respect of remuneration of the Directors.

## The amount of Directors’ fees charged for each Fund during the financial years ended 31 December 2021 and 31 December 2020 have been noted on the Statement of Comprehensive Income.

## Auditors’ Remuneration
| Auditors’ Remuneration(excluding VAT) | 2021 | 2020 |
| --- | --- | --- |
|  | EUR | EUR |
| Statutory Audit Fee | 178,034 | 173,100 |
| Other AssuranceServices | - | - |
| Tax Advisory services* | 57,119 | 62,563 |
| Other non-audit services | - | - |
| Total | 235,153 | 235,663 |

* for service carried out by Deloitte Ireland LLP network firms.
- Derivative ContractsTypically, financial derivative instruments (“FDI”) serve as components of the Company’s investment strategy and are utilised primarily to structure and economically hedge investments to enhance performance and reduce risk for the Company (the Company does not designate any derivatives as hedges for hedge accounting purposes as described IFRS 9). The derivative instruments that the Company may normally hold are forward foreign exchange contracts, warrants (received through corporate actions) and futures.


## The Company records its FDI activities on a mark-to-market basis. Fair values are determined by using quoted market prices.
Comgest Growth Global Flex will seek to hedge part of the equity market risk exposure in the Core Portfolio through the use of exchange-traded equity index futures. Comgest Growth Global Flex is also permitted to utilise exchange-traded volatility index futures. While the objective in using such futures is to hedge the market risk arising from the equity positions in the Core Portfolio, there can be no guarantee that this objective will always be met.
Comgest Growth Emerging Markets Flex, which merged with Comgest Growth Global Flex on 31 May 2021, sought to hedge part of the equity market risk exposure in the Core Portfolio through the use of exchange-traded equity index futures during the period until its merger.

## The fair values of open future contracts at 31 December 2021 and 31 December 2020 are noted in the tables below:
| COMGEST GROWTH GLOBAL FLEX |
| --- |
| Numbers of contracts |  |  |  | Unrealised gain/(loss) |
| (sold) | Description | Currency | Commitments | in EUR |
| (27) | EURO STOXX 50 PR 18/03/2022 | EUR | (1,157,625) | (36,585) |
| (41) | EURO STOXX 50 PR 18/03/2022 | EUR | (1,757,875) | (78,720) |
| (10) | EURO STOXX 50 PR 18/03/2022 | EUR | (428,750) | (8,050) |
| (4) | EURO STOXX 50 PR 18/03/2022 | EUR | (171,500) | (1,540) |
| (1) | EURO STOXX 50 PR 18/03/2022 | EUR | (42,875) | 45 |
| (3) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (3,517,650) | (2,775) |
| (2) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (2,345,100) | (1,805) |
| (15) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (17,588,250) | (15,480) |
| (2) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (2,345,100) | (1,816) |
| (2) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (2,345,100) | (2,053) |
| (1) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (1,172,550) | (976) |
| (4) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (4,690,200) | (4,151) |
| (2) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (2,345,100) | (2,041) |
| (3) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (3,517,650) | (3,045) |
| (18) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (21,105,900) | (16,140) |
| (1) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (1,172,550) | (1,049) |
| (1) | HONG KONG HANG SENG INDICES 28/01/2022 | HKD | (1,172,550) | (925) |
| (46) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (2,820,490) | (30,742) |
| (1) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (61,315) | (1,992) |
| (1) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (61,315) | (967) |
| (1) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (61,315) | (404) |
| (3) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (183,945) | (1,200) |
| (9) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (551,835) | (2,493) |
| (1) | MSEMI - MSCI EMER MKTS INDEX 18/03/2022 | USD | (61,315) | 132 |
| (12) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (3,916,980) | 15,681 |
| (6) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (1,958,490) | 7,846 |
| (2) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (652,830) | 2,617 |
| (1) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (326,415) | (8,468) |
| (1) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (326,415) | (13,740) |
| (2) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (652,830) | (5,672) |
| (1) | NDX-NASDAQ 100 INDEX 100-IND* 18/03/2022 | USD | (326,415) | 193 |


## 6.	Derivative Contracts (continued)
| COMGEST GROWTH GLOBAL FLEX |
| --- |
| Numbers of contracts |  |  |  | Unrealised gain/(loss) |
| (sold) | Description | Currency | Commitments | in EUR |
| (20) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (57,560,000) | (15,318) |
| (2) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (5,756,000) | 15 |
| (2) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (5,756,000) | (153) |
| (1) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (2,878,000) | (111) |
| (3) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (8,634,000) | 619 |
| (3) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (8,634,000) | (916) |
| (5) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (14,390,000) | (1,413) |
| (4) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (11,512,000) | (260) |
| (2) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (5,756,000) | (92) |
| (21) | NIKKEI 225 INDICES D 10/03/2022 | JPY | (60,438,000) | (1,363) |
| (15) | S&P 500 EMINI INDEX 18/03/2022 | USD | (3,568,875) | (43,726) |
| (1) | S&P 500 EMINI INDEX 18/03/2022 | USD | (237,925) | (4,188) |
| (2) | S&P 500 EMINI INDEX 18/03/2022 | USD | (475,850) | (6,133) |
| (1) | S&P 500 EMINI INDEX 18/03/2022 | USD | (237,925) | (1,671) |
| (6) | TOPIX INDEX (TOKYO) 10/03/2022 | JPY | (119,580,000) | (24,696) |
| (1) | TOPIX INDEX (TOKYO) 10/03/2022 | JPY | (19,930,000) | 687 |
| (7) | TOPIX INDEX (TOKYO) 10/03/2022 | JPY | (139,510,000) | (7,216) |
| (2) | UKX FTSE 100 INDEX 18/03/2022 | GBP | (146,480) | (4,371) |
| (4) | UKX FTSE 100 INDEX 18/03/2022 | GBP | (292,960) | (8,790) |
| (1) | UKX FTSE 100 INDEX 18/03/2022 | GBP | (73,240) | (447) |
| (1) | UKX FTSE 100 INDEX 18/03/2022 | GBP | (73,240) | (65) |
|  |  | Total as at 31 December 2021 | (335,923) |
|  |  | Total as at 31 December 2020 | (505,498) |

The fair values of open forward foreign exchange contracts at 31 December 2021 and 31 December 2020 are noted in the tables below (please note those positions with maturity between 3 to 5 January and placed with 
RBC Investor Services Bank S.A 

## as counterparty are spot trades assigned as forward exchange contracts by the market):
| COMGEST GROWTH WORLD |
| --- |
| Unrealised |
| gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold |  | in USD |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 5,431 | GBP | (4,026) | (22) |
| 4-Jan-22 | RBC Investor Services Bank S.A. | EUR | 50,690 | USD | (57,409) | 239 |
| 4-Jan-22 | RBC Investor Services Bank S.A. | EUR | 5,301 | USD | (6,004) | 25 |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 35,372 | EUR | (31,259) | (178) |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 161,966 | EUR | (143,132) | (817) |
| 4-Jan-22 | RBC Investor Services Bank S.A. | EUR | 14,908 | USD | (16,884) | 70 |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 130,320 | EUR | (115,166) | (657) |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 2,089 | GBP | (1,549) | (9) |
| 4-Jan-22 | RBC Investor Services Bank S.A. | GBP | 7,917 | USD | (10,689) | 34 |
| 4-Jan-22 | RBC Investor Services Bank S.A. | GBP | 15,276 | USD | (20,625) | 65 |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 61,947 | EUR | (54,744) | (312) |
| 4-Jan-22 | RBC Investor Services Bank S.A. | JPY | 366 | USD | (3) | - |
| 5-Jan-22 | RBC Investor Services Bank S.A. | EUR | 23,845 | USD | (27,140) | (20) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 455 | EUR | (400) | - |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 5,934 | EUR | (5,219) | (2) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | EUR | 72,818 | USD | (82,879) | (62) |

| COMGEST GROWTH EAFE |
| --- |
| Unrealised |
| gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold |  | in USD |
| 4-Jan-22 | RBC Investor Services Bank S.A. | JPY | 22 | USD | - | - |
|  |  |  | Total as at 31 December 2021 | - |
|  |  |  | Total as at 31 December 2020 | - |


## 6.	Derivative Contracts (continued)
| COMGEST GROWTH WORLD (continued) |
| --- |
| Unrealised |
| gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold |  | in USD |
| 5-Jan-22 | RBC Investor Services Bank S.A. | EUR | 1,761 | USD | (2,004) | (2) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 6,198 | GBP | (4,584) | (11) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | GBP | 26,209 | USD | (35,466) | 32 |
|  |  |  | Total as at 31 December 2021 | (1,627) |
|  |  |  | Total as at 31 December 2020 | - |

| COMGEST GROWTH GLOBAL FLEX |
| --- |
|  |  |  |  |  |  | Unrealised |
|  |  |  |  |  |  | gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold | in EUR |
| 4-Jan-22 | RBC Investor Services Bank S.A. | JPY | 25 | EUR | - | - |
| 11-Mar-22 | JPMorgan Chase Bank, N.A. | EUR | 6,598,978 | JPY | (844,962,750) | 151,914 |
| 11-Mar-22 | UBS AG London Branch | JPY | 278,913,250 | EUR | (2,173,481) | (45,333) |
| 11-Mar-22 | UBS AG London Branch | JPY | 144,828,125 | EUR | (1,129,328) | (24,269) |
| 11-Mar-22 | JPMorgan Chase Bank, N.A. | JPY | 278,691,688 | EUR | (2,152,888) | (26,431) |
| 11-Mar-22 | RBC Investor Services Bank S.A. | EUR | 2,171,710 | JPY | (284,466,688) | 1,190 |
|  |  |  | Total as at 31 December 2021 | 57,071 |
|  |  |  | Total as at 31 December 2020 | 129,756 |

| COMGEST GROWTH AMERICA |
| --- |
| Unrealised |
|  |  |  |  |  |  | gain/(loss) |
| Maturity | Counterparties | Currency purchased | Currency sold | in USD |
| 4-Jan-22 | RBC Investor Services Bank S.A. | EUR | 17,438 | USD | (19,771) | 62 |
| 4-Jan-22 | RBC Investor Services Bank S.A. | USD | 263,764 | EUR | (232,862) | (1,066) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 83,864 | EUR | (73,760) | (24) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 34,661 | EUR | (30,485) | (10) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 370,883 | EUR | (326,200) | (107) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | EUR | 134,058 | USD | (152,580) | (115) |
| 5-Jan-22 | RBC Investor Services Bank S.A. | GBP | 4 | USD | (5) | - |
| 5-Jan-22 | RBC Investor Services Bank S.A. | USD | 19,137 | GBP | (14,155) | (34) |
| 11-Mar-22 | UBS AG London Branch | EUR | 10,067,368 | USD | (11,361,438) | 102,586 |
| 11-Mar-22 | UBS AG London Branch | USD | 469,758 | EUR | (416,778) | (4,833) |
| 11-Mar-22 | UBS AG London Branch | EUR | 416,786 | USD | (472,415) | 2,192 |
| 11-Mar-22 | UBS AG London Branch | USD | 554,275 | EUR | (491,011) | (4,848) |
| 11-Mar-22 | UBS AG London Branch | EUR | 449,723 | USD | (511,134) | 980 |
|  |  |  | Total as at 31 December 2021 | 94,783 |
|  |  |  | Total as at 31 December 2020 | 19,115 |

Translation (ENDE, 2021-12-31):
# ERLÄUTERUNGEN ZUM ABSCHLUSS zum 31. Dezember 2021 (Fortsetzung)
### 1.	Gründung und Struktur (Fortsetzung)
| Fondsname | Basiswährung | Anteilsklassen |
| --- | --- | --- |
| Comgest Growth Europe | Euro | Klasse EUR Acc / Klasse EUR Dis / Klasse EUR I Acc / Klasse EUR I Dis / Klasse EUR R Acc / Klasse EUR Z Acc / Klasse EUR Z Dis / Klasse USD I Acc / Klasse USD I H Acc / Klasse EUR X Acc* / Klasse EUR I Fixed Dis / Klasse EUR Fixed Dis / Klasse GBP U Acc 35  / Klasse USD Acc 42  / Klasse USD Z Acc 28 |
| Comgest Growth Europe Compounders | Euro | Klasse EUR X Acc* / Klasse EUR SI Acc / Klasse EUR I Acc * |
| Comgest Growth Europe Plus | Euro | Klasse EUR I Acc / Klasse GBP U Acc* / Klasse GBP U Dis*/ Klasse EUR Acc 9  / Klasse EUR Z Acc 2  / Klasse EUR R Acc* / Klasse USD I Acc* |
| Comgest Growth Europe S | Euro | Klasse EUR Acc / Klasse USD Acc / Klasse EUR Z Acc* / Klasse USD Z Acc 38 |
| Comgest Growth Europe Opportunities | Euro | EUR Acc / Klasse EUR Dis / Klasse EUR R Acc / Klasse EUR I Acc / Klasse EUR X Acc 23  / Klasse EUR Z Acc / Klasse GBP U Acc 36  / Klasse GBP U H Acc 37  / Klasse GBP U Dis* / Klasse USD I Acc* / Klasse USD I H Acc 14 |
| Comgest Growth Europe Smaller Companies | Euro | Klasse EUR Acc / Klasse EUR I Acc / Klasse EUR Dis* / Klasse EUR X Acc / Klasse EUR Z Acc/ Klasse GBP U Acc 13  / Klasse GBP UH Acc* / Klasse EUR I Dis 3  / Klasse EUR R Acc 21 |
| Comgest Growth Europe ex Switzerland | Schweizer Franken | Klasse CHF I Acc / Klasse CHF Z Acc |
| Comgest Growth Europe ex UK | Britisches Pfund | Klasse GBP SU Acc / Klasse GBP SU H Acc / Klasse GBP U Acc / Klasse EUR SI Acc / Klasse EUR X Acc* / Klasse EUR SI Dis 1  / Klasse GBP Y Acc 22  / Klasse GBP SU Dis 8  / Klasse GBP Y Dis 27 |
| Comgest Growth Asia | US-Dollar | Klasse EUR I Acc / Klasse USD Acc / Klasse EUR I Dis* / Klasse EUR Z Acc / Klasse EUR Acc 29  / Klasse EUR R Acc* |
| Comgest Growth Asia ex Japan | US-Dollar | Klasse USD I Acc / Klasse EUR I Acc / Klasse GBP U Acc* |
| Comgest Growth Asia Pac ex Japan | US-Dollar | Klasse USD Acc / Klasse USD Dis / Klasse USD I Acc / Klasse EUR I Acc / Klasse EUR R Acc / Klasse EUR Dis / Klasse GBP U Acc / Klasse EUR Z Acc / Klasse USD X Acc* / Klasse EUR H Acc 26  / Klasse EUR SI Acc* / Klasse GBP SU Acc* / Klasse GBP U Dis* / Klasse USD SI Acc* |
| Comgest Growth China | Euro | Klasse EUR Acc / Klasse USD Acc / Klasse EUR I Acc / Klasse EUR SI Acc / Klasse USD I Acc 11  / Klasse EUR X Acc* / Klasse EUR Z Acc / Klasse GBP U Acc / Klasse EUR R Acc 34 |
| Comgest Growth India | US-Dollar | Klasse USD Acc / Klasse EUR I Acc / Klasse EUR R Acc / Klasse EUR Z Acc* / Klasse USD I Acc* / Klasse USD X Acc / Klasse GBP U Acc* |
| Comgest Growth Latin America | Euro | Klasse EUR Acc / Klasse USD Acc / Klasse USD I Acc / Klasse EUR R Acc / Klasse EUR I Acc / Klasse EUR Z Acc / Klasse GBP U Acc* |

* Zum 31. Dezember 2021 noch nicht aufgelegt.
1 Comgest Growth Europe ex UK Klasse EUR SI Dis wurde am 7. Januar 2020 aufgelegt.
2 Comgest Growth Europe Plus Klasse EUR Z Acc wurde am 8. Januar 2020 aufgelegt.
3 Comgest Growth Europe Smaller Companies Klasse EUR I Dis wurde am 14. Januar 2020 aufgelegt.
4 Comgest Growth Japan Klasse JPY I Dis wurde am 24. Januar 2020 aufgelegt.
5 Comgest Growth Emerging Markets Plus Klasse GBP U Acc und Klasse GBP X Dis wurden am 29. Januar 2020 aufgelegt.
6 Comgest Growth Emerging Markets Plus wurde am 29. Januar 2020 aufgelegt.
7 Comgest Growth World Klasse GBP U Dis wurde am 3. Februar 2020 aufgelegt.
8 Comgest Growth Europe ex UK Klasse GBP SU Dis wurde am 20. Februar 2020 aufgelegt.
9 Comgest Growth Emerging Markets Klasse EUR Y Acc und Comgest Growth Europe Plus Klasse EUR Acc wurden am 16. April 2020 aufgelegt.
10 Comgest Growth Emerging Markets Plus Klasse EUR Acc und Klasse EUR I Acc wurden am 16. April 2020 aufgelegt.
11 Comgest Growth China Klasse USD I Acc wurde am 11. September 2017 aufgelegt, am 11. März 2020 komplett zurückgenommen und am 17. April 2020 erneut aufgelegt.
12 Comgest Growth America Klasse EUR I H Acc wurde am 24. November 2016 aufgelegt, am 4. Mai 2017 komplett zurückgenommen, am 22. August 2017 erneut aufgelegt, am 30. Dezember 2019 komplett zurückgenommen, am 14. Februar 2020 erneut aufgelegt, am 11. März 2020 komplett zurückgenommen und am 17. April 2020 erneut aufgelegt.
13 Comgest Growth Europe Smaller Companies Klasse GBP U Acc wurde am 12. Mai 2020 aufgelegt.
14 Comgest Growth Europe Opportunities Klasse USD I H Acc wurde am 16. Juni 2020 aufgelegt.
15 Comgest Growth Emerging Markets Plus Klasse EUR Z Acc wurde am 17. Juni 2020 aufgelegt.
16 Comgest Growth Japan Klasse EUR R H Acc wurde am 29. Juli 2020 aufgelegt.
17 Comgest Growth Emerging Markets Plus Klasse GBP U Dis wurde am 19. Oktober 2020 aufgelegt.
18 Comgest Growth World Klasse EUR Fixed Dis wurde am 22. Oktober 2020 aufgelegt.
19 Comgest Growth World Plus wurde am 27. November 2020 aufgelegt.
20 Comgest Growth World Plus Klasse EUR I Acc wurde am 27. November 2020 aufgelegt.
21 Comgest Growth Europe Smaller Companies Klasse EUR R Acc wurde am 4. Dezember 2020 aufgelegt.
22 Comgest Growth Europe ex UK Klasse GBP Y Acc wurde am 8. Dezember 2020 aufgelegt.
23 Comgest Growth Europe Opportunities Klasse EUR X Acc wurde am 10. Dezember 2020 aufgelegt.