# Comgest Growth Emerging Markets Plus1
## SCHEDULE OF INVESTMENTS
As at 30 June 2020 (expressed in EUR)
Quantity/	Acquisition	Fair Value	% Net
Security	Face value	Currency	cost EUR	EUR	Assets
Business houses
| Inner Mongolia Yili Industrial Group |  |
| --- | --- |
| Co Ltd - A Shares | 1,641,583 | CNY | 6,677,980 | 7,223,898 | 3.10 |
|  |  |  | 6,677,980 | 7,223,898 | 3.10 |

Electronics and electrical equipment
| Midea Group Co Ltd - A Shares | 613,488 | CNY | 4,339,326 | 5,185,185 | 2.22 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 4,339,326 | 5,185,185 | 2.22 |
| Insurance |  |  |  |  |  |
|  | China Life Insurance Co Ltd - H |  |  |  |  |  |
|  | Shares | 2,162,000 | HKD | 5,489,887 | 4,351,652 | 1.86 |
|  | Ping An Insurance Group Co of |  |  |  |  |  |
|  | China Ltd - H Shares | 1,430,000 | HKD | 16,916,333 | 14,299,196 | 6.12 |
|  |  |  |  | 22,406,220 | 18,650,848 | 7.98 |
|  |  |  |  |  |  |  |
| Total China |  |  |  | 40,303,537 | 36,646,977 | 15.69 |
| Hong Kong |  |  |  |  |  |  |
| Insurance |
|  | AIA Group Ltd | 750,000 | HKD | 7,851,143 | 6,996,380 | 3.00 |
|  |  |  |  | 7,851,143 | 6,996,380 | 3.00 |
|  |  |  |  |  |  |  |
| Total Hong Kong |  |  |  | 7,851,143 | 6,996,380 | 3.00 |
| Indonesia |  |  |  |  |  |  |
| News transmission Telekomunikasi Indonesia Persero |
| Tbk PT	26,961,300 | IDR | 7,690,954 | 5,756,238 | 2.47 |
|  |  | 7,690,954 | 5,756,238 | 2.47 |
|  |  |  |  |  |
| Total Indonesia |  | 7,690,954 | 5,756,238 | 2.47 |

Netherlands
| Unilever NV | 44,437 | EUR | 2,538,081 | 2,358,220 | 1.01 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 2,538,081 | 2,358,220 | 1.01 |

Consumer goods
Total Netherlands	2,538,081	2,358,220	1.01
1 Comgest Growth Emerging Markets Plus was launched on 29 January 2020.
| Comgest Growth Emerging Markets Plus1 |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS As at 30 June 2020 (expressed in EUR) |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| South Africa |  |  |  |  |  |
| Graphic art and publishing |  |  |  |  |  |
|  | Naspers Ltd | 31,221 | ZAR | 5,264,728 | 5,683,772 | 2.44 |
|  |  |  |  | 5,264,728 | 5,683,772 | 2.44 |
| Holding and | finance companies Discovery Ltd | 680,628 | ZAR | 5,589,038 | 4,095,523 | 1.75 |
|  |  |  |  | 5,589,038 | 4,095,523 | 1.75 |
| Insurance | Sanlam Ltd | 1,864,698 | ZAR | 9,370,809 | 6,325,490 | 2.71 |
|  |  |  |  | 9,370,809 | 6,325,490 | 2.71 |
|  |  |  |  |  |  |  |
| Total South Africa |  |  |  | 20,224,575 | 16,104,785 | 6.90 |
| South Korea |  |  |  |  |  |  |
| Electronic semiconductor |
| Samsung Electronics Co Ltd | 272,302 | KRW | 13,105,455 | 11,947,740 | 5.12 |
|  |  |  | 13,105,455 | 11,947,740 | 5.12 |
| Internet software NAVER Corp | 31,057 | KRW | 4,788,707 | 6,890,834 | 2.95 |
| NCSoft Corp | 10,201 | KRW | 5,579,131 | 7,553,035 | 3.24 |
|  |  |  | 10,367,838 | 14,443,869 | 6.19 |
| Pharmaceuticals and cosmetics LG Household & Health Care Ltd | 6,541 | KRW | 7,059,000 | 7,316,278 | 3.13 |
|  |  |  | 7,059,000 | 7,316,278 | 3.13 |
|  |  |  |  |  |  |
| Total South Korea |  |  | 30,532,293 | 33,707,887 | 14.44 |
| Turkey |  |  |  |  |  |
| Food and distilleries |
| BIM Birlesik Magazalar AS | 591,104 | TRY | 4,909,189 | 5,863,818 | 2.51 |
|  |  |  | 4,909,189 | 5,863,818 | 2.51 |

Total Turkey	4,909,189	5,863,818	2.51
1 Comgest Growth Emerging Markets Plus was launched on 29 January 2020.
| Comgest Growth Emerging Markets Plus1 |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS |
| As at 30 June 2020 |
| (expressed in EUR) |
|  | Quantity/ |  | Acquisition | Fair Value | % Net |
| Security | Face value | Currency | cost EUR | EUR | Assets |
| United States of America |  |  |  |  |  |
| Internet software Cognizant Technology Solutions |  |  |  |  |  |
| Corp | 148,981 | USD | 9,266,104 | 8,465,100 | 3.63 |
|  |  |  | 9,266,104 | 8,465,100 | 3.63 |
|  |  |  |  |  |  |
| Total United States of America |  |  | 9,266,104 | 8,465,100 | 3.63 |
|  |  |  |  |  |  |
| Equity securities |  |  | 159,509,615 | 145,814,654 | 62.46 |

America Depository Receipts Cayman Islands
Internet software
| NetEase Inc | 30,852 | USD | 10,309,053 | 13,247,232 | 5.68 |
| --- | --- | --- | --- | --- | --- |
|  |  |  | 10,309,053 | 13,247,232 | 5.68 |
| Other services |  |  |  |  |  |
|  | Alibaba Group Holding Ltd | 49,935 | USD | 10,519,169 | 10,770,980 | 4.61 |
|  |  |  |  | 10,519,169 | 10,770,980 | 4.61 |
|  |  |  |  |  |  |  |
| Total Cayman Islands |  |  |  | 20,828,222 | 24,018,212 | 10.29 |
| Mexico |  |  |  |  |  |  |
| Tobacco and spirits Fomento Economico Mexicano SAB de CV | 83,370 | USD | 7,782,889 | 5,169,773 | 2.22 |
| 7,782,889 | 5,169,773 | 2.22 |

Total Mexico	7,782,889	5,169,773	2.22
America Depository Receipts	28,611,111	29,187,985	12.51
1 Comgest Growth Emerging Markets Plus was launched on 29 January 2020.
| Comgest Growth Emerging Markets Plus1 |  |
| --- | --- |
| SCHEDULE OF INVESTMENTS As at 30 June 2020 (expressed in EUR) |
| Security | Quantity/ Face value | Currency | Acquisition cost EUR | Fair Value EUR | % Net Assets |
| Global Depository Receipts |  |  |  |  |  |
| Virgin Islands (UK) |  |  |  |  |  |
| Internet software Mail.Ru Group Ltd | 132,390 | USD | 3,218,042 | 2,991,998 | 1.28 |
|  |  |  | 3,218,042 | 2,991,998 | 1.28 |

Total Virgin Islands (UK)	3,218,042	2,991,998	1.28
Global Depository Receipts	3,218,042	2,991,998	1.28
Sponsored America Depository Receipts Cayman Islands
Automobile industry
|  | Autohome Inc | 76,896 | USD | 6,198,165 | 5,805,648 | 2.49 |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  | 6,198,165 | 5,805,648 | 2.49 |
|  |  |  |  |  |  |
| Total Cayman Islands |  |  |  | 6,198,165 | 5,805,648 | 2.49 |
| India |  |  |  |  |  |  |
| Internet software |
|  | Infosys Ltd | 460,419 | USD | 5,094,867 | 4,447,648 | 1.91 |
|  |  |  |  | 5,094,867 | 4,447,648 | 1.91 |
|  |  |  |  |  |  |  |
| Total India |  |  |  | 5,094,867 | 4,447,648 | 1.91 |
| Taiwan |  |  |  |  |  |  |
|  | Electronic semiconductor Taiwan Semiconductor Manufacturing Co Ltd | 224,484 | USD | 12,715,398 | 12,743,957 | 5.46 |

12,715,398	12,743,957	5.46
Total Taiwan	12,715,398	12,743,957	5.46
Sponsored America Depository Receipts	24,008,430	22,997,253	9.86
Transferable securities admitted to an official stock exchange listing	215,347,198	200,991,890	86.11
1 Comgest Growth Emerging Markets Plus was launched on 29 January 2020.

Translation (ENDE, 2020-06-30):
# Comgest Growth Emerging Markets Plus1
WESENTLICHE BESTANDSVERÄNDERUNGEN für den Berichtszeitraum zum 30. Juni 2020
| Käufe 2 |  |  |  |
| --- | --- | --- | --- |
| Prozentualer Anteil |
| Wertpapier | Stück | Betrag (USD) | Käufe |
| Ping An Insurance Group Co of China Ltd – H-Aktien | 1.532.000 | 18.126.948 | 6,57 |
| Samsung Electronics Co Ltd | 272.302 | 13.105.455 | 4,75 |
| Taiwan Semiconductor Manufacturing Co Ltd | 224.484 | 12.715.398 | 4,61 |
| Cognizant Technology Solutions Corp | 173.493 | 10.809.166 | 3,92 |
| BB Seguridade Participacoes SA | 1.290.588 | 10.599.679 | 3,84 |
| Alibaba Group Holding Ltd | 49.935 | 10.519.169 | 3,81 |
| NetEase Inc | 30.852 | 10.309.053 | 3,73 |
| Sanlam Ltd | 1.864.698 | 9.370.809 | 3,39 |
| CLSA Global Markets Pte Ltd 04/12/2019 | 3.277.670 | 8.895.171 | 3,22 |
| NCSoft Corp | 16.070 | 8.789.005 | 3,18 |
| Inner Mongolia Yili Industrial Group Co Ltd – A-Aktien | 2.088.783 | 8.497.195 | 3,08 |
| AIA Group Ltd | 750.000 | 7.851.143 | 2,84 |
| Fomento Economico Mexicano SAB de CV | 83.370 | 7.782.889 | 2,82 |
| Telekomunikasi Indonesia Persero Tbk PT | 26.961.300 | 7.690.954 | 2,79 |
| NAVER Corp | 49.696 | 7.662.671 | 2,78 |
| LG Household & Health Care Ltd | 6.541 | 7.059.000 | 2,56 |
| CCR SA | 1.647.600 | 6.932.840 | 2,51 |
| SAIC Motor Corp Ltd – A-Aktien | 2.326.266 | 6.880.011 | 2,49 |
| Cogna Educação | 2.369.400 | 6.565.659 | 2,38 |
| Housing Development Finance Corp Ltd 30/06/2025 | 295.199 | 6.387.983 | 2,31 |
| B3 SA – Brasil Bolsa Balcão | 591.400 | 6.238.483 | 2,26 |
| Autohome Inc | 76.896 | 6.198.165 | 2,25 |
| China Life Insurance Co Ltd – H-Aktien | 2.388.000 | 6.063.760 | 2,20 |
| Tencent Holdings Ltd | 120.500 | 6.005.181 | 2,18 |
| Discovery Ltd | 680.628 | 5.589.038 | 2,02 |
| Localiza Rent a Car SA | 609.300 | 5.581.281 | 2,02 |
| Moscow Exchange MICEX-RTS PJSC | 3.037.330 | 5.405.317 | 1,96 |
| Naspers Ltd | 31.221 | 5.264.728 | 1,91 |
| BIM Birlesik Magazalar AS | 618.155 | 5.133.851 | 1,86 |
| Infosys Ltd | 460.419 | 5.094.867 | 1,85 |
| Maruti Suzuki India Ltd 30/06/2025 | 50.565 | 5.021.994 | 1,82 |
| Midea Group Co Ltd – A-Aktien | 613.488 | 4.339.326 | 1,57 |
| WEG SA | 391.400 | 3.938.598 | 1,43 |
| Mail.Ru Group Ltd | 157.862 | 3.837.197 | 1,39 |
| CLSA Global Markets Pte Ltd 27/02/2020 | 360.000 | 3.798.360 | 1,38 |
| MultiChoice Group Ltd | 508.160 | 3.761.325 | 1,36 |
| Ultrapar Participacoes SA | 606.300 | 3.757.958 | 1,36 |

1 Comgest Growth Emerging Markets Plus wurde am 29. Januar 2020 aufgelegt.
2 Steht für die gesamten Käufe im Berichtszeitraum.