# Comgest Growth Asia ex Japan
#### SCHEDULE OF INVESTMENTS
As at 31 December 2019 (expressed in USD)
Quantity/	Acquisition	Fair Value	% Net
Security	Face value	Currency	cost USD	USD	Assets
| Electronics and electrical equipment |
| --- |
| TravelSky Technology Ltd | 563,000 | HKD | 1,079,834 | 1,374,298 | 2.23 |
|  |  |  | 1,079,834 | 1,374,298 | 2.23 |
| Insurance |  |  |  |  |  |
| China Life Insurance Co Ltd - H Shares Ping An Insurance Group Co of China Ltd - H Shares | 468,000 394,112 | HKD HKD | 1,316,701 3,541,260 | 1,300,367 4,658,449 | 2.11 7.55 |
|  |  |  | 4,857,961 | 5,958,816 | 9.66 |
| Office equipment and computers Focus Media Information Technology Co Ltd - A Shares | 1,139,000 | CNY | 1,311,301 | 1,023,610 | 1.66 |
|  |  |  | 1,311,301 | 1,023,610 | 1.66 |
| Pharmaceuticals and cosmetics Shandong Weigao Group Medical Polymer Co Ltd - H Shares | 2,108,000 | HKD | 1,826,532 | 2,526,850 | 4.10 |
|  |  |  | 1,826,532 | 2,526,850 | 4.10 |
|  |  |  |  |  |  |
| Total China |  |  | 15,151,940 | 16,124,104 | 26.14 |
| Hong Kong |  |  |  |  |  |
| Insurance |  |  |  |  |  |
|  | AIA Group Ltd | 184,200 | HKD | 1,398,774 | 1,933,771 | 3.13 |
|  |  |  |  | 1,398,774 | 1,933,771 | 3.13 |
|  |  |  |  |  |  |  |
| Total Hong Kong |  |  |  | 1,398,774 | 1,933,771 | 3.13 |
| India |  |  |  |  |  |  |
| Chemicals |
| Lupin Ltd | 126,279 | INR | 1,681,217 | 1,350,672 | 2.19 |
|  |  |  | 1,681,217 | 1,350,672 | 2.19 |
| Holding and finance companies |  |  |  |  |  |
| Shriram Transport Finance Co Ltd | 89,035 | INR | 1,550,895 | 1,460,806 | 2.37 |
|  |  |  | 1,550,895 | 1,460,806 | 2.37 |
| Public services |  |  |  |  |  |
| Power Grid Corp of India Ltd | 865,194 | INR | 2,288,654 | 2,306,090 | 3.74 |
|  |  |  | 2,288,654 | 2,306,090 | 3.74 |
|  |  |  |  |  |  |
| Total India |  |  | 5,520,766 | 5,117,568 | 8.30 |

| Comgest Growth Asia ex Japan |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| SCHEDULE OF INVESTMENTS As at 31 December 2019 (expressed in USD) |  |  |  |  |  |
| Security | Quantity/ Face value | Currency | Acquisition cost USD | Fair Value USD | % Net Assets |
| Indonesia |  |  |  |  |  |
| News transmission |  |  |  |  |  |
|  | Telekomunikasi Indonesia Persero Tbk PT | 5,665,300 | IDR | 1,648,386 | 1,620,044 | 2.63 |
|  |  |  |  | 1,648,386 | 1,620,044 | 2.63 |
|  |  |  |  |  |  |  |
| Total Indonesia |  |  |  | 1,648,386 | 1,620,044 | 2.63 |
| Japan |  |  |  |  |  |  |
| Automobile industry |
|  | Suzuki Motor Corp | 34,300 | JPY | 1,662,909 | 1,441,437 | 2.34 |
|  |  |  |  | 1,662,909 | 1,441,437 | 2.34 |
|  |  |  |  |  |  |  |
| Total Japan |  |  |  | 1,662,909 | 1,441,437 | 2.34 |
| Luxembourg |  |  |  |  |  |  |
| Textile | Samsonite International SA | 1,173,900 | HKD | 3,979,221 | 2,817,311 | 4.57 |
|  |  |  |  | 3,979,221 | 2,817,311 | 4.57 |
|  |  |  |  |  |  |  |
| Total Luxembourg |  |  |  | 3,979,221 | 2,817,311 | 4.57 |
| South Africa |  |  |  |  |  |  |
| Graphic art and publishing |
|  | Naspers Ltd | 9,456 | ZAR | 1,312,142 | 1,549,094 | 2.51 |
|  |  |  |  | 1,312,142 | 1,549,094 | 2.51 |
|  |  |  |  |  |  |  |
| Total South Africa |  |  |  | 1,312,142 | 1,549,094 | 2.51 |
| South Korea |  |  |  |  |  |  |
| Electronic semiconductor |
| Samsung Electronics Co Ltd | 63,355 | KRW | 2,754,716 | 3,057,956 | 4.96 |
|  |  |  | 2,754,716 | 3,057,956 | 4.96 |
| Food and distilleries |
| Orion Corp/Republic of Korea | 7,452 | KRW | 496,521 | 680,051 | 1.10 |
|  |  |  | 496,521 | 680,051 | 1.10 |

Translation (ENDE, 2019-12-31):
# Comgest Growth Asia ex Japan
WESENTLICHE BESTANDSVERÄNDERUNGEN im Geschäftsjahr zum 31. Dezember 2019
| Käufe |  |  |  |
| --- | --- | --- | --- |
|  |  |  | Prozentualer Anteil |
| Wertpapier | Stück | Betrag (USD) | Käufe |
| Shandong Weigao Group Medical Polymer Co Ltd – H-Aktien | 1.380.000 | 1.257.020 | 9,12 |
| Samsonite International SA | 453.900 | 1.159.224 | 8,41 |
| Autohome Inc | 14.922 | 1.151.761 | 8,35 |
| TravelSky Technology Ltd | 563.000 | 1.079.834 | 7,83 |
| Alibaba Group Holding Ltd | 5.088 | 949.217 | 6,88 |
| 58.com Inc | 16.864 | 904.326 | 6,56 |
| NetEase Inc | 2.700 | 699.496 | 5,07 |
| Vietnam Dairy Products JSC | 123.400 | 666.972 | 4,84 |
| Prosus NV | 9.456 | 640.182 | 4,64 |
| NCSoft Corp | 1.295 | 561.871 | 4,07 |
| Inner Mongolia Yili Industrial Group Co Ltd – A-Aktien | 162.900 | 558.927 | 4,05 |
| Orion Corp/Republic of Korea | 7.452 | 496.521 | 3,60 |
| Tencent Holdings Ltd | 11.500 | 474.735 | 3,44 |
| Cognizant Technology Solutions Corp | 7.900 | 473.214 | 3,43 |
| Ping An Insurance Group Co of China Ltd – H-Aktien | 40.612 | 466.753 | 3,38 |
| 3SBio Inc | 327.890 | 430.860 | 3,12 |
| Samsung Electronics Co Ltd | 10.442 | 401.818 | 2,91 |
| SAIC Motor Corp Ltd – A-Aktien | 112.286 | 385.638 | 2,80 |
| Suzuki Motor Corp | 8.400 | 362.617 | 2,63 |
| Shriram Transport Finance Co Ltd | 17.647 | 286.317 | 2,08 |
| Baidu Inc – A-Aktien | 1.100 | 173.684 | 1,26 |