# Comgest Growth Latin America
#### SCHEDULE OF INVESTMENTS
As at 31 December 2019 (expressed in EUR)
Quantity/	Acquisition	Fair Value	% Net
Security	Face value	Currency	cost EUR	EUR	Assets
Leisure
| Hoteles City Express SAB de CV | 942,953 | MXN | 925,885 | 578,301 | 1.49 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 925,885 | 578,301 | 1.49 |
| Public services Infraestructura Energetica Nova SAB de CV | 392,927 | MXN | 1,513,507 | 1,645,689 | 4.23 |

1,513,507	1,645,689	4.23
Retail
Wal-Mart de Mexico SAB de CV	313,300	MXN	780,930	802,2712.06
| 780,930 | 802,271 | 2.06 |
| --- | --- | --- |
| Tobacco and spirits |  |  |  |  |  |
| Fomento Economico Mexicano SAB de CV | 172,413 | MXN | 1,292,706 | 1,450,491 | 3.72 |
|  |  |  | 1,292,706 | 1,450,491 | 3.72 |
| Transportation Grupo Aeroportuario del Sureste SAB de CV - A Shares | 26,988 | MXN | 357,117 | 451,013 | 1.16 |
|  |  |  | 357,117 | 451,013 | 1.16 |
|  |  |  |  |  |  |
| Total Mexico |  |  | 7,110,046 | 7,587,791 | 19.49 |
|  |  |  |  |  |  |
| Equity securities |  |  | 32,319,594 | 36,939,097 | 94.87 |

Sponsored America Depository Receipts Brazil
Aerospace technology
| Embraer SA | 84,256 | USD | 1,475,589 | 1,462,939 | 3.76 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 1,475,589 | 1,462,939 | 3.76 |
|  |  |  |  |  |  |
| Total Brazil |  |  | 1,475,589 | 1,462,939 | 3.76 |
|  |  |  |  |  |  |
| Sponsored America Depository Receipts |  |  | 1,475,589 | 1,462,939 | 3.76 |
|  |  |  |  |  |  |
| Transferable securities admitted to an official stock exchange listing |  |  | 33,795,183 | 38,402,036 | 98.63 |
|  |  |  |  |  |  |
| Financial assets at fair value through profit or loss |  |  | 33,795,183 | 38,402,036 | 98.63 |

Cash and other net assets		531,936	1.37 
Total net assets attributable to holders of redeemable participating shares	 38,933,972	100.00

Translation (ENDE, 2019-12-31):
# Comgest Growth Latin America
WESENTLICHE BESTANDSVERÄNDERUNGEN im Geschäftsjahr zum 31. Dezember 2019
| Käufe |  |  |  |
| --- | --- | --- | --- |
|  |  |  | Prozentualer Anteil |
| Wertpapier | Stück | Betrag (EUR) | Käufe |
| Pagseguro Digital Ltd | 37.500 | 1.249.266 | 8,05 |
| M Dias Branco SA | 128.207 | 1.235.838 | 7,97 |
| PLA Administradora Industrial S de RL de CV | 919.266 | 1.179.467 | 7,60 |
| Linx SA | 161.692 | 1.144.128 | 7,38 |
| Atacadao SA | 191.200 | 1.024.349 | 6,60 |
| Embraer SA | 48.756 | 795.071 | 5,13 |
| Wal-Mart de Mexico SAB de CV | 313.300 | 780.930 | 5,03 |
| SACI Falabella | 163.263 | 724.775 | 4,67 |
| Empresas COPEC SA | 77.767 | 658.211 | 4,24 |
| Arezzo Industria e Comercio SA | 53.000 | 615.471 | 3,97 |
| Fomento Economico Mexicano SAB de CV | 64.100 | 514.519 | 3,32 |
| Odontoprev SA | 130.200 | 470.784 | 3,04 |
| Hoteles City Express SAB de CV | 560.744 | 451.847 | 2,91 |
| Duratex SA | 189.100 | 450.728 | 2,91 |
| Santos Brasil Participações SA | 462.700 | 434.490 | 2,80 |
| Salmones Camanchaca SA | 57.246 | 402.185 | 2,59 |
| CCR SA | 133.500 | 399.427 | 2,58 |
| WEG SA | 90.800 | 396.082 | 2,55 |
| Klabin SA | 94.100 | 373.717 | 2,41 |
| Grupo Aeroportuario del Sureste SAB de CV – A-Aktien | 24.535 | 357.615 | 2,31 |
| Banco Macro SA | 6.700 | 279.796 | 1,80 |
| Infraestructura Energética Nova SAB de CV | 71.200 | 247.117 | 1,59 |
| Grupo Nutresa SA | 31.507 | 222.678 | 1,44 |
| Fibra Uno Administracion SA de CV | 168.400 | 214.504 | 1,38 |
| BB Seguridade Participações SA | 30.500 | 194.934 | 1,26 |
| TOTVS SA | 20.792 | 182.544 | 1,18 |
| Localiza Rent a Car SA | 22.641 | 166.665 | 1,07 |