DNCA ACTIONS SMALL & MID CAP EURO

Responsibility rating Sustainable transition exposure Turnover Equity Weight Rating Share. Env. Labor Society Theme expo Indra Sistemas SA 1.23% 7.3 5.2 7.7 6.1 7.3 39.0% Demography Vidrala SA 0.08% 7.1 6.5 8.1 6.6 6.8 0% - Aedifica SA 1.02% 7.0 7.5 6.9 7.3 6.4 100.0% Demography ERG SpA 0.50% 7.0 6.4 7.5 7.3 5.6 59.1% Ecology Gaztransport Et Technigaz SA 0.42% 6.6 6.1 6.2 6.9 7.5 3.3% Ecology Nexi SpA 1.27% 6.4 5.5 6.7 6.7 6.8 0% - TAG Immobilien AG 1.07% 6.4 8.1 5.0 5.7 6.8 0% - Acciona SA 0.99% 6.2 4.8 8.4 5.8 5.8 56.6% Ecology / Economy Iren SpA 1.08% 6.2 5.0 7.7 6.3 5.8 21.0% Ecology Warehouses De Pauw CVA 1.05% 6.2 5.1 6.9 6.1 6.6 0% - Cie SA 0.49% 6.1 4.7 7.2 6.2 6.3 30.0% Ecology Huhtamaki Oyj 1.47% 6.1 6.1 6.9 4.9 6.0 28.0% Lifestyle Corbion NV 1.17% 6.0 5.8 7.2 4.8 6.4 23.2% Ecology Sanlorenzo SpAAmeglia 1.13% 6.0 6.4 5.8 5.7 6.3 0% - Somfy SA 1.31% 6.0 6.4 5.8 6.6 5.2 50.0% Lifestyle NV 1.12% 5.9 6.4 5.8 5.5 6.1 0% - Reply SpA 1.53% 5.9 5.9 6.3 5.3 5.9 0% - IMCD NV 2.85% 5.8 4.9 6.1 5.6 6.7 0% - SA 1.30% 5.8 5.8 6.1 6.4 4.6 50.0% Ecology Alten SA 0.97% 5.6 5.4 5.8 5.4 5.7 6.9% Medecine Applus Services SA 1.43% 5.5 4.9 5.8 6.0 5.5 36.0% Economy Construcciones y Auxiliar de 0.96% 5.4 5.3 6.3 4.8 5.3 56.0% Lifestyle Ferrocarriles SA SE 1.19% 5.3 3.8 6.5 5.7 5.3 0% - BE Industries NV 2.58% 5.1 5.1 5.6 5.0 4.7 0% - Interpump Group SpA 1.04% 5.0 5.0 5.5 4.5 5.0 0% - Amplifon SpA 1.17% 4.9 6.3 2.2 3.7 5.9 100.0% Medecine Pirelli and C SpA 1.18% 4.9 4.2 5.8 4.6 5.1 0% - 1.91% 4.9 3.5 5.8 5.6 4.8 40.0% Ecology D'ieteren SANV 1.16% 4.8 5.6 4.0 4.1 5.7 0% - Wienerberger AG 2.05% 4.8 5.3 5.3 3.9 4.8 0% - 1.86% 4.7 3.8 5.9 4.9 5.3 0% - SPIE SA 1.75% 4.7 5.3 5.1 4.0 4.3 45.0% Ecology / Economy Group SACA 1.97% 4.6 2.5 7.2 6.5 4.8 0% - Dermapharm Holding SE 1.64% 4.5 3.9 3.6 4.7 5.1 0% - Grand City Properties SA 0.85% 4.4 3.9 6.6 5.7 5.5 0% - Demography / Orpea SA 0.84% 4.3 4.8 4.8 3.5 4.6 100.0% Medecine ALD SA 1.40% 4.1 5.1 2.2 4.3 4.9 4.6% Ecology Elis SA 1.14% 4.1 5.4 4.7 3.0 3.9 0% - HelloFresh SE 1.25% 3.9 3.7 3.6 2.4 5.8 0% - InPost SA 0.80% 2.9 4.0 1.4 2.1 4.1 0% - Solutions 30 SE 1.07% 2.5 2.5 2.6 2.3 2.7 8.2% Lifestyle ASM International NV 1.56% ------ASR Nederland NV 2.58% ------

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DNCA ACTIONS SMALL & MID CAP EURO

Responsibility rating Sustainable transition exposure Turnover Equity Weight Rating Share. Env. Labor Society Theme expo Aalberts NV 2.14% ------Ackermans and van Haaren NV 0.80% ------AerCap Holdings NV 1.20% ------Arcadis NV 2.34% ------Basic -Fit NV 0.79% ------CANCOM SE 1.81% ------Datalogic SpA 1.75% ------De' Longhi SpA 1.08% ------Dialog Semiconductor PLC 1.19% ------Duerr AG 1.92% ------Evotec SE 0.93% ------Fila SpA 1.11% ------Fluidra SA 0.61% ------GRENKE AG 0.56% ------Gerresheimer AG 1.29% ------Glanbia PLC 1.20% ------Hypoport SE 0.68% ------Jungheinrich AG 0.83% ------Kesko Oyj 1.15% ------Konecranes Oyj 1.98% ------Metso Outotec Oyj 2.85% ------MorphoSys AG 0.56% ------Nokian Renkaat Oyj 0.82% ------Norma Group SE 1.90% ------Piaggio and C SpA 0.90% ------ProSiebenSat.1 Media SE 1.75% ------SBM Offshore NV 1.29% ------Signify NV 2.14% ------Stroeer SE and Co KGaA 1.29% ------TKH Group NV 0.98% ------Valmet Oyj 2.54% ------Worldline SAFrance 0.82% ------

Source: DNCA Finance Data as of 31 March 2021 may change over time 2 / 2