TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight BEACH ENERGY LTD 0.01% ENEOS HOLDINGS INC 0.08% IDEMITSU KOSAN CO LTD 0.19% NESTE OIL OYJ 1.44% OMV AG 0.04% SBM OFFSHORE NV 0.04% TECHNIPFMC PLC FP 0.02% TGS NOPEC GEOPHYSICAL CO ASA 0.01% VOPAK 0.18% WOOD GROUP (JOHN) PLC 0.01% AIR LIQUIDE 0.24% AIR WATER INC 0.02% AKZO NOBEL 0.11% ALUMINA LTD 0.02% AMCOR PLC-CDI 0.07% AVON RESOURCES LTD 0.97% BLUESCOPE STEEL LTD 0.03% CHR HANSEN HOLDING A/S 0.11% DAICEL CHEMICAL INDUSTRIES 0.02% DOWA HOLDINGS CO LTD 0.01% EMS-CHEMIE HOLDING AG-REG 0.04% FLETCHER BUILDING LTD 0.01% FORTESCUE METALS GROUP LTD 0.87% FUCHS PETROLUB AG -PFD 0.06% GIVAUDAN-REG 0.21% HUHTAMAKI OYJ 0.03% ICL GROUP LTD 0.09% JAMES HARDIE INDUSTRIES-CDI 0.07% JFE HOLDINGS INC 0.01% KANSAI PAINT CO LTD 0.03% KURARAY CO LTD 0.03% MITSUBISHI MATERIALS CORP 0.02% NEWCREST MINING LTD 1.41% NIPPON PAINT CO LTD 0.09% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight NIPPON PAPER INDUSTRIES CO L 0.01% NIPPON SHOKUBAI CO LTD 0.01% NISSAN CHEMICAL INDUSTRIES 0.04% NOF CORP 0.02% NORSK HYDRO ASA 0.03% NORTHERN STAR RESOURCES LTD 1.08% NOVOZYMES A/S-B SHARES 0.09% OJI PAPER CO LTD 0.03% ORICA LTD 0.02% ORORA LTD 0.02% POLYMETAL INTERNATIONAL PLC 0.05% SARACEN MINERAL HOLDINGS LTD 0.51% SIG HOLDING AG-REG 0.03% SMURFIT KAPPA GROUP PLC 0.04% SOLVAY SA 0.04% SOUTH32 LTD 0.04% SYMRISE AG 0.10% TAIHEIYO CEMENT CORP 0.02% TAIYO NIPPON SANSO CORP 0.02% TEIJIN LTD 0.02% THYSSENKRUPP AG 0.02% UMICORE 0.19% VOESTALPINE AG 0.02% WIENERBERGER AG 0.02% YARA INTERNATIONAL ASA 0.02% ADP 0.03% AENA SA 0.07% AICA KOGYO CO LTD 0.01% ALFA LAVAL AB 0.04% ALL NIPPON AIRWAYS CO LTD 0.05% ANDRITZ AG 0.02% ASSA ABLOY AB-B 0.13% ATLANTIA SPA 0.06% AUCKLAND INTL AIRPORT LTD 0.03% AURIZON HOLDINGS LTD 0.05% BELIMO HOLDING AG-REG 0.03% BRAMBLES LTD 0.09% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight BUNZL PLC 0.06% BUREAU VERITAS SA 0.04% CENTRAL JAPAN RAILWAY CO 0.22% CK HUTCHISON HOLDINGS LTD 0.07% CLEANAWAY WASTE MANAGEMENT L 0.03% COMFORTDELGRO CORP LTD 0.02% COMSYS HOLDINGS CORP 0.02% DASSAULT AVIATION SA 0.01% DEUTSCHE LUFTHANSA-REG 0.04% DSV PANALPINA A/S 0.13% EAST JAPAN RAILWAY CO 0.19% EASYJET PLC 0.12% ELIS SA 0.02% EPIROC AB-A 0.06% FISCHER (GEORG)-REG 0.02% FLUGHAFEN ZUERICH AG-REG 0.02% FRAPORT AG 0.01% GEA GROUP AG 0.04% GEBERIT AG-REG 0.12% GETLINK SE 0.04% HANKYU HANSHIN HOLDINGS INC 0.06% HINO MOTORS LTD 0.01% HOMESERVE PLC 0.03% HOSHIZAKI CORP 0.54% HOWDEN JOINERY GROUP PLC 0.03% IMCD GROUP NV 0.04% INTERTEK GROUP PLC 0.05% INTL CONSOLIDATED AIRLINE-DI 0.04% ISS A/S 0.15% ITOCHU CORP 0.21% JARDINE MATHESON HLDGS LTD 0.73% JARDINE STRATEGIC HLDGS LTD 0.27% JGC HOLDINGS CORP 0.02% JS GROUP CORP 0.03% KAMIGUMI CO LTD 0.01% KEIHAN ELECTRIC RAILWAY CO 0.04% KEIHIN ELEC EXPRESS RAILWAY 0.03% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight KEIO CORP 0.05% KEISEI ELECTRIC RAILWAY CO 0.03% KINGSPAN GROUP PLC 0.07% KINTETSU CORP 0.07% KNORR-BREMSE AG 0.04% KONE OYJ-B 0.18% KUEHNE & NAGEL INTL AG-REG 0.06% KYOWA EXEO CORP 0.02% KYUSHU RAILWAY COMPANY 0.03% MACQUARIE ATLAS ROADS GROUP 0.02% MEGGITT PLC 0.02% MITSUBISHI HEAVY INDUSTRIES 0.06% MIURA CO LTD 0.03% MONOTARO CO LTD 0.20% MTR CORP 0.06% NAGOYA RAILROAD CO LTD 0.04% NANKAI ELECTRIC RAILWAY CO 0.02% NIHON M&A CENTER INC 0.04% NIPPON EXPRESS CO LTD 0.03% NWS HOLDINGS LTD 0.04% ODAKYU ELECTRIC RAILWAY CO 0.06% PARK24 CO LTD 0.02% PHILIPS LIGHTING NV 0.29% PRYSMIAN SPA 0.04% REED ELSEVIER PLC 0.28% RENTOKIL INITIAL PLC 0.09% RHEINMETALL AG 0.03% SANKYU INC 0.02% SCHINDLER HOLDING AG-REG 0.03% SCHINDLER HOLDING-PART CERT 0.07% SECOM CO LTD 0.13% SEIBU HOLDINGS INC 0.02% SEINO HOLDINGS CO LTD 0.02% SG HOLDINGS CO LTD 0.08% SGS SA-REG 0.03% SHIMIZU CORP 0.03% SIEMENS GAMESA RENEWABLE ENE 0.02% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight SINGAPORE AIRLINES LTD 0.03% SINGAPORE TECHNOLOGIES ENG 0.02% SKANSKA AB-B SHS 0.05% SOHGO SECURITY SERVICES CO 0.03% SPIRAX-SARCO ENGINEERING PLC 0.07% TAISEI CORP 0.05% TECHTRONIC INDUSTRIES CO 0.27% TELEPERFORMANCE 0.03% TOBU RAILWAY CO LTD 0.05% TOKYU CORP 0.07% TOMRA SYSTEMS ASA 0.03% TRANSURBAN GROUP 0.03% TRAVIS PERKINS PLC 0.01% VALMET CORP 0.02% VESTAS WIND SYSTEMS A/S 0.54% WARTSILA OYJ 0.03% WEST JAPAN RAILWAY CO 0.08% WOLTERS KLUWER 0.15% YAMATO HOLDINGS CO LTD 0.06% YANGZIJIANG SHIPBUILDING 0.24% ABC-MART INC 0.22% ACCOR SA 0.02% ADIDAS AG 0.24% ASICS CORP 0.18% B&M EUROPEAN VALUE RETAIL SA 0.07% BARRATT DEVELOPMENTS PLC 0.04% BAYERISCHE MOTOREN WERKE AG 0.13% BAYERISCHE MOTOREN WERKE-PFD 0.02% BELLWAY PLC 0.03% BENESSE HOLDINGS INC 0.02% BERKELEY GROUP HOLDINGS/THE 0.04% BRIDGESTONE CORP 0.09% CASIO COMPUTER CO LTD 0.03% COMPASS GROUP PLC 0.18% CONTINENTAL AG 0.08% DELIVERY HERO AG 0.09% DOMINO'S PIZZA ENTERPRISES L 0.36% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight ELECTROLUX AB-SER B 0.02% ESSILORLUXOTTICA 0.26% EVOLUTION GAMING GROUP 0.33% FAST RETAILING CO LTD 0.32% FAURECIA 0.02% FIAT CHRYSLER AUTOMOBILES NV 0.07% FUJI HEAVY INDUSTRIES LTD 0.10% GALAXY ENTERTAINMENT GROUP L 0.11% GOLDWIN INC 0.29% GREGGS PLC 0.05% HELLOFRESH SE 0.32% HENNES & MAURITZ AB-B SHS 0.09% HERMES INTERNATIONAL 0.12% HIKARI TSUSHIN INC 0.03% HUGO BOSS AG -ORD 0.01% INCHCAPE PLC 0.10% INDITEX 0.22% ISETAN MITSUKOSHI HOLDINGS L 0.02% J FRONT RETAILING CO LTD 0.02% JB HI-FI LTD 0.07% JUST EAT TAKEAWAY.COM NV (LN) 0.51% K'S HOLDINGS CORP 0.36% KINGFISHER PLC 0.04% MARKS & SPENCER GROUP PLC 0.02% MARUI GROUP CO LTD 0.09% MAZDA MOTOR CORP 0.02% MELCO CROWN ENTERTAINME-ADR 0.03% MICHELIN (CGDE)-B 0.12% MINTH GROUP LTD 0.16% MITSUBISHI MOTORS CORP 0.01% MONCLER SPA 0.04% NAGACORP LTD 0.16% NAMCO BANDAI HOLDINGS INC 0.87% NEXT PLC 0.06% NIKON CORP 0.01% NISSAN MOTOR CO LTD 0.06% NITORI CO LTD 1.18% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight NOKIAN RENKAAT OYJ 0.02% OCADO GROUP PLC 1.44% ORIENTAL LAND CO LTD 0.66% PADDY POWER BETFAIR PLC GBP 0.07% PAN PACIFIC INTERNATIONAL HO 0.76% PANDORA A/S 0.69% PERSIMMON PLC 0.06% PEUGEOT SA 0.06% PUMA AG 0.04% RAKUTEN INC 0.05% RINNAI CORP 0.06% RYOHIN KEIKAKU CO LTD 0.10% SANKYO CO LTD 0.01% SEB SA 0.19% SEGA SAMMY HOLDINGS INC 0.02% SEKISUI HOUSE LTD 0.08% SHIMAMURA CO LTD 0.25% SHIMANO INC 0.11% SJM HOLDINGS LTD 0.02% SKYLARK CO LTD 0.44% SODEXHO ALLIANCE SA 0.04% SONY CORP 0.09% SSP GROUP PLC 0.01% SUSHIRO GLOBAL HOLDINGS LTD 0.32% SUZUKI MOTOR CORP 0.22% TABCORP HOLDINGS LTD 0.02% TAYLOR WIMPEY PLC 0.03% USS CO LTD 0.02% VALEO SA 0.04% VISTRY GROUP PLC 0.02% WESFARMERS LTD 0.23% XINYI GLASS HOLDINGS LTD 0.17% YAMADA DENKI CO LTD 0.29% YAMAHA MOTOR CO LTD 0.02% YUE YUEN INDUSTRIAL HLDG 0.03% ZALANDO SE 0.71% ZENSHO CO LTD 0.20% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight A2 MILK CO LTD NZ 0.85% AARHUSKARLSHAMN AB 0.02% AEON CO LTD 0.12% AIN PHARMACIEZ INC 0.26% AJINOMOTO CO INC 0.07% ANHEUSER-BUSCH INBEV SA/NV 0.26% ASAHI BREWERIES LTD 0.11% ASSOCIATED BRITISH FOODS PLC 0.04% BAKKAFROST P/F 0.21% BARRY CALLEBAUT AG-REG 0.04% BEIERSDORF AG 0.08% BRITVIC PLC 0.01% CALBEE INC 0.02% CARLSBERG AS-B 0.10% CARREFOUR SA 0.17% COCA-COLA AMATIL LTD 0.02% COCA-COLA HBC AG-CDI 0.03% COCA-COLA WEST HOLDINGS CO L 0.26% COLES GROUP LTD 0.09% COLRUYT SA 0.48% COSMOS PHARMACEUTICAL CORP 0.38% DAIRY FARM INTL HLDGS LTD 0.01% DANONE 0.32% DAVIDE CAMPARI-MILANO SPA 0.03% DIAGEO PLC 0.46% ESSITY AKTIEBOLAG-B 0.14% EZAKI GLICO CO LTD 0.28% FAMILYMART CO LTD 0.57% FANCL CORP 0.01% GROWELL HOLDINGS CO LTD 0.40% HEINEKEN HOLDING NV 0.05% HEINEKEN NV 0.12% HENKEL KGAA 0.06% HENKEL KGAA-VORZUG 0.11% HOUSE FOODS CORPORATION 0.02% ICA GRUPPEN AB 0.61% ITO EN LTD 0.02% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight JERONIMO MARTINS 0.10% KAGOME CO LTD 0.02% KAO CORP 0.27% KERRY GROUP PLC-A 1.37% KESKO OYJ-B SHS 0.12% KEWPIE CORP 0.02% KIRIN HOLDINGS CO LTD 0.13% KOBAYASHI PHARMACEUTICAL CO 0.05% KOBE BUSSAN CO LTD 0.02% KONINKLIJKE AHOLD DELHAIZE NV 0.45% KOSE CORP 0.01% L'OREAL 0.32% LAWSON INC 0.37% LINDT & SPRUENGLI AG-PC 0.30% LINDT & SPRUENGLI AG-REG 0.33% LION CORP 0.38% MATSUMOTOKIYOSHI HOLDINGS CO 0.04% MEIJI HOLDINGS CO LTD 0.07% METCASH LTD 0.06% MORINAGA & CO LTD 0.19% MORRISON <WM.> SUPERMARKETS 0.04% MOWI ASA 0.32% NESTLE SA-REG 1.31% NH FOODS LTD 0.03% NICHIREI CORP 0.42% NISSIN FOOD PRODUCTS CO LTD 0.04% ORKLA ASA 0.21% PERNOD-RICARD SA 0.19% PIGEON CORP 0.03% POLA ORBIS HOLDINGS INC 0.01% RECKITT BENCKISER GROUP PLC 0.51% ROHTO PHARMACEUTICAL CO LTD 0.02% ROYAL UNIBREW 0.34% SAINSBURY (J) PLC 0.26% SEVEN & I HOLDINGS CO LTD 0.19% SHISEIDO CO LTD 0.11% SUGI HOLDINGS CO LTD 0.02% TOBAM Maximum Diversification All World Developed ex North America USD 29/05/2020 Instrument Weight SUN ART RETAIL GROUP LTD 0.40% SUNDRUG CO LTD 0.02% SUNTORY BEVERAGE & FOOD LTD 0.04% TATE & LYLE PLC 0.03% TESCO PLC 0.19% TOYO SUISAN KAISHA LTD 0.08% TREASURY WINE ESTATES LTD 0.10% TSURUHA HOLDINGS INC 0.04% UNICHARM CORP 0.11% UNILEVER NV 0.56% UNILEVER PLC 0.42% VITASOY INTL HOLDINGS LTD 0.41% WH GROUP LTD 0.67% WILMAR INTERNATIONAL LTD 0.04% WOOLWORTHS LTD 0.22% YAKULT HONSHA CO LTD 0.05% YAMAZAKI BAKING CO LTD 0.36% ALFRESA HOLDINGS CORP 0.03% AMARIN CORP PLC -ADR 0.34% AMBU A/S-B 0.75% AMPLIFON SPA 0.02% ANSELL LTD 0.05% ARGENX SE 0.05% ASAHI