TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight BP PLC 0.11% CABOT OIL & GAS CORP 0.31% CHENIERE ENERGY INC 0.02% CONCHO RESOURCES INC 0.02% CONOCOPHILLIPS 0.04% DIAMONDBACK ENERGY INC 0.01% ENEOS HOLDINGS INC 0.02% ENI SPA 0.04% EOG RESOURCES INC 0.04% EQUINOR ASA 0.03% GALP ENERGIA SGPS SA-B SHRS 0.01% HESS CORP 0.02% NESTE OIL OYJ 0.47% OCCIDENTAL PETROLEUM CORP 0.02% PIONEER NATURAL RESOURCES CO 0.03% SCHLUMBERGER LTD 0.02% TECHNIPFMC PLC FP 0.03% TOTAL SA 0.08% VOPAK 0.15% WILLIAMS COS INC 0.05% AGNICO-EAGLE MINES 0.84% AIR LIQUIDE 0.15% AKZO NOBEL 0.04% ALBEMARLE CORP 0.02% AMCOR PLC-CDI 0.02% APTARGROUP INC 0.02% ARKEMA 0.02% AVON RESOURCES LTD 0.27% B2GOLD CORP 0.29% BALL CORP 0.06% BLUESCOPE STEEL LTD 0.01% CENTAMIN PLC 0.08% CHR HANSEN HOLDING A/S 0.10% CORTEVA INC 0.05% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight COVESTRO AG 0.02% CRODA INTERNATIONAL PLC 0.02% DS SMITH PLC 0.01% EMS-CHEMIE HOLDING AG-REG 0.01% EVONIK INDUSTRIES AG 0.01% FORTESCUE METALS GROUP LTD 0.05% FRANCO-NEVADA CORP 1.14% FRESNILLO PLC 0.03% GIVAUDAN-REG 0.08% HEIDELBERGCEMENT AG 0.02% ICL GROUP LTD 0.11% INTERNATIONAL PAPER CO 0.04% INTL FLAVORS & FRAGRANCES 0.02% JAMES HARDIE INDUSTRIES-CDI 0.02% JOHNSON MATTHEY PLC 0.01% KANSAI PAINT CO LTD 0.01% KINROSS GOLD CORP 0.44% KIRKLAND LAKE GOLD LTD 0.54% KONINKLIJKE DSM NV 0.06% MARTIN MARIETTA MATERIALS 0.04% MITSUBISHI CHEMICAL HOLDINGS 0.02% NEWCREST MINING LTD 0.48% NEWMONT CORP 1.47% NIPPON PAINT CO LTD 0.22% NIPPON STEEL CORP 0.02% NORTHERN STAR RESOURCES LTD 0.34% NOVOZYMES A/S-B SHARES 0.04% PACKAGING CORP OF AMERICA 0.02% PAN AMERICAN SILVER CORP 0.02% POLYMETAL INTERNATIONAL PLC 0.03% PPG INDUSTRIES INC 0.07% RIO TINTO PLC 0.13% ROYAL GOLD INC 0.34% SARACEN MINERAL HOLDINGS LTD 0.08% SIG HOLDING AG-REG 0.01% SIKA AG-BR 0.07% SMURFIT KAPPA GROUP PLC 0.02% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight SOLVAY SA 0.01% STEEL DYNAMICS INC 0.01% STORA ENSO OYJ-R SHS 0.02% SVENSKA CELLULOSA AB-B SHS 0.02% SYMRISE AG 0.03% UMICORE 0.20% UPM-KYMMENE OYJ 0.03% VULCAN MATERIALS CO 0.04% WHEATON PRECIOUS METALS CORP 0.91% YARA INTERNATIONAL ASA 0.01% 3M CO 0.14% A P MOLLER - MAERSK A/S - B 0.01% ADP 0.02% AENA SA 0.02% ALL NIPPON AIRWAYS CO LTD 0.01% ALSTOM 0.02% ASSA ABLOY AB-B 0.04% ATLANTIA SPA 0.02% AURIZON HOLDINGS LTD 0.01% BOUYGUES SA 0.02% BRAMBLES LTD 0.02% BUNZL PLC 0.02% BUREAU VERITAS SA 0.01% C.H. ROBINSON WORLDWIDE INC 0.14% CANADIAN NATL RAILWAY CO 0.15% CARLISLE COS INC 0.01% CENTRAL JAPAN RAILWAY CO 0.05% CK HUTCHISON HOLDINGS LTD 0.04% CLARIVATE ANALYTICS PLC 0.02% CNH INDUSTRIAL NV 0.02% COSTAR GROUP INC 0.07% CUMMINS INC 0.04% DAIFUKU CO LTD 0.03% DAIKIN INDUSTRIES LTD 0.10% DELTA AIR LINES INC 0.04% DEUTSCHE LUFTHANSA-REG 0.07% DEUTSCHE POST AG-REG 0.10% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight DSV PANALPINA A/S 0.08% EAST JAPAN RAILWAY CO 0.04% EASYJET PLC 0.09% ELIS SA 0.05% EPIROC AB-A 0.02% EPIROC AB-B 0.01% EQUIFAX INC 0.03% EXPEDITORS INTL WASH INC 0.03% FASTENAL CO 0.05% FEDEX CORP 0.14% GEA GROUP AG 0.01% GEBERIT AG-REG 0.05% GENERAL ELECTRIC CO 0.14% GETLINK SE 0.01% HANKYU HANSHIN HOLDINGS INC 0.02% HEICO CORP-CLASS A 0.02% HUNT (JB) TRANSPRT SVCS INC 0.02% IAA INC-W/I 0.02% IMCD GROUP NV 0.01% INGERSOLL-RAND CO LTD-CL A 0.07% INGERSOLL-RAND INC 0.03% INTERTEK GROUP PLC 0.03% INTL CONSOLIDATED AIRLINE-DI 0.20% ISS A/S 0.11% ITOCHU CORP 0.08% JAPAN AIRLINES CO LTD 0.01% JARDINE MATHESON HLDGS LTD 0.50% JARDINE STRATEGIC HLDGS LTD 0.05% JOHNSON CONTROLS INTERNATION 0.07% KAJIMA CORP 0.01% KEIO CORP 0.05% KINGSPAN GROUP PLC 0.03% KINTETSU CORP 0.11% KION GROUP AG 0.01% KNORR-BREMSE AG 0.04% KONE OYJ-B 0.06% KUBOTA CORP 0.04% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight KUEHNE & NAGEL INTL AG-REG 0.02% LEGRAND SA 0.04% LENNOX INTERNATIONAL INC 0.02% LIXIL CORP 0.01% MARUBENI CORP 0.02% MELROSE INDUSTRIES PLC 0.02% MITSUBISHI CORP 0.07% MONOTARO CO LTD 0.30% MTR CORP 0.02% MTU AERO ENGINES HOLDING AG 0.02% NAGOYA RAILROAD CO LTD 0.01% NIKOLA CORP 0.15% NIPPON EXPRESS CO LTD 0.01% ODAKYU ELECTRIC RAILWAY CO 0.05% OLD DOMINION FREIGHT LINE 0.04% PACCAR INC 0.06% PHILIPS LIGHTING NV 0.11% PROGRESSIVE WASTE SOLUTIONS 0.06% PRYSMIAN SPA 0.01% RANDSTAD HOLDING NV 0.01% RENTOKIL INITIAL PLC 0.03% REPUBLIC SERVICES INC 0.04% RITCHIE BROS AUCTIONEERS 0.01% ROLLINS INC 0.02% SCHINDLER HOLDING AG-REG 0.01% SCHINDLER HOLDING-PART CERT 0.02% SECOM CO LTD 0.04% SG HOLDINGS CO LTD 0.21% SGS SA-REG 0.03% SMC CORP 0.07% SMITH (A.O.) CORP 0.02% SOUTHWEST AIRLINES CO 0.05% SPIRAX-SARCO ENGINEERING PLC 0.02% TAISEI CORP 0.01% THOMSON REUTERS CORP 0.03% TOBU RAILWAY CO LTD 0.01% TOKYU CORP 0.02% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight TOMRA SYSTEMS ASA 0.01% TORO CO 0.02% UNION PACIFIC CORP 0.08% UNITED AIRLINES HOLDINGS INC 0.16% UNITED PARCEL SERVICE-CL B 0.25% VAT GROUP AG 0.01% VESTAS WIND SYSTEMS A/S 0.79% VINCI SA 0.06% WABTEC CORP 0.02% WASTE MANAGEMENT INC 0.10% WATSCO INC 0.02% WEST JAPAN RAILWAY CO 0.04% WOLTERS KLUWER 0.05% WSP GLOBAL INC 0.02% WW GRAINGER INC 0.03% YANGZIJIANG SHIPBUILDING 0.04% ACCOR SA 0.01% ADIDAS AG 0.07% ADVANCE AUTO PARTS INC 0.02% AMAZON.COM INC 1.41% ARAMARK 0.01% AUTOZONE INC 0.46% B&M EUROPEAN VALUE RETAIL SA 0.08% BARRATT DEVELOPMENTS PLC 0.01% BAYERISCHE MOTOREN WERKE AG 0.05% BERKELEY GROUP HOLDINGS/THE 0.01% BOOKING HOLDINGS INC 0.08% BORGWARNER INC 0.02% BRIDGESTONE CORP 0.04% BRIGHT HORIZONS FAMILY SOLUT 0.02% BURLINGTON STORES INC 0.03% CARNIVAL CORP 0.02% CHEGG INC 0.39% CHIPOTLE MEXICAN GRILL INC 1.08% COMPASS GROUP PLC 0.05% CONTINENTAL AG 0.03% DELIVERY HERO AG 0.16% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight DELPHI AUTOMOTIVE PLC 0.06% DOLLAR GENERAL CORP 0.92% DOLLAR TREE INC 0.32% DOLLARAMA INC 0.35% DOMINO'S PIZZA INC 0.55% EBAY INC 0.07% ESSILORLUXOTTICA 0.08% ETSY INC 0.03% EVOLUTION GAMING GROUP 0.39% EXPEDIA GROUP INC 0.03% FAST RETAILING CO LTD 0.08% FERRARI NV 0.04% FIAT CHRYSLER AUTOMOBILES NV 0.03% FORD MOTOR CO 0.07% GALAXY ENTERTAINMENT GROUP L 0.03% GAMES WORKSHOP GROUP PLC 0.12% GENTEX CORP 0.02% GOLDWIN INC 0.09% HELLOFRESH SE 0.34% HENNES & MAURITZ AB-B SHS 0.03% HERMES INTERNATIONAL 0.07% HILTON WORLDWIDE HOLDINGS IN 0.05% IDP EDUCATION LTD 0.09% INCHCAPE PLC 0.04% INDITEX 0.06% JUST EAT TAKEAWAY.COM NV (LN) 0.19% K'S HOLDINGS CORP 0.10% KERING 0.10% KINGFISHER PLC 0.02% KOITO MANUFACTURING CO LTD 0.01% LAS VEGAS SANDS CORP 0.04% LEAR CORP 0.02% LULULEMON ATHLETICA INC 0.08% LVMH MOET HENNESSY LOUIS VUI 0.10% MARRIOTT INTERNATIONAL-CL A 0.05% MCDONALD'S CORP 0.32% MELCO CROWN ENTERTAINME-ADR 0.01% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight MERCADOLIBRE INC 0.13% MICHELIN (CGDE)-B 0.04% MINTH GROUP LTD 0.04% MONCLER SPA 0.02% NAMCO BANDAI HOLDINGS INC 0.41% NISSAN MOTOR CO LTD 0.02% NITORI CO LTD 0.28% O'REILLY AUTOMOTIVE INC 0.07% OCADO GROUP PLC 0.66% ORIENTAL LAND CO LTD 0.06% PADDY POWER BETFAIR PLC GBP 0.06% PAN PACIFIC INTERNATIONAL HO 0.37% PANDORA A/S 0.32% POOL CORP 0.03% RAKUTEN INC 0.02% RESTAURANT BRANDS INTERNATIONAL INC 0.03% ROSS STORES INC 0.07% ROYAL CARIBBEAN CRUISES LTD 0.02% SANDS CHINA LTD 0.02% SEB SA 0.16% SEKISUI HOUSE LTD 0.02% SERVICE CORP INTERNATIONAL 0.02% SHIMAMURA CO LTD 0.10% SHIMANO INC 0.21% SKYLARK CO LTD 0.09% SODEXHO ALLIANCE SA 0.01% SONY CORP 0.22% STARBUCKS CORP 0.09% SUBARU CORP 0.02% SUSHIRO GLOBAL HOLDINGS LTD 0.09% SUZUKI MOTOR CORP 0.04% TARGET CORP 0.25% TAYLOR WIMPEY PLC 0.01% THE SWATCH GROUP AG-BR 0.01% TJX COMPANIES INC 0.09% TOYOTA MOTOR CORP 0.18% TRACTOR SUPPLY COMPANY 0.03% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight ULTA SALON COSMETICS & FRAGR 0.02% VAIL RESORTS INC 0.02% VALEO SA 0.01% VF CORP 0.05% WESFARMERS LTD 0.08% WHITBREAD PLC 0.01% WYNN RESORTS LTD 0.02% YAMADA HOLDINGS CO LTD 0.02% YUM CHINA HOLDINGS INC 0.18% YUM! BRANDS INC 0.06% ZALANDO SE 0.17% ZOZO INC 0.08% A2 MILK CO LTD NZ 0.02% AEON CO LTD 0.04% AIN PHARMACIEZ INC 0.08% AJINOMOTO CO INC 0.02% ALIMENTATION COUCHE-TARD -B 0.06% ANHEUSER-BUSCH INBEV SA/NV 0.10% ASSOCIATED BRITISH FOODS PLC 0.02% BAKKAFROST P/F 0.13% BARRY CALLEBAUT AG-REG 0.01% BEIERSDORF AG 0.02% BOSTON BEER COMPANY INC-A 0.10% BROWN-FORMAN CORP-CLASS B 0.05% BUNGE LTD 0.02% CAMPBELL SOUP CO 0.40% CARLSBERG AS-B 0.03% CARREFOUR SA 0.25% CHURCH & DWIGHT CO INC 0.25% CLOROX COMPANY 0.90% COCA-COLA CO/THE 0.41% COLES GROUP LTD 0.04% COLGATE-PALMOLIVE CO 0.15% COLRUYT SA 0.14% CONAGRA FOODS INC 0.44% CONSTELLATION BRANDS INC-A 0.03% COSMOS PHARMACEUTICAL CORP 0.14% TOBAM Maximum Diversification All World Developed USD 30/10/2020 Instrument Weight COSTCO WHOLESALE CORP 0.35% DANONE 0.07% DAVIDE CAMPARI-MILANO SPA 0.01% DIAGEO PLC 0.17% ESSITY AKTIEBOLAG-B 0.04% ESTEE LAUDER COMPANIES-CL A 0.10% GENERAL MILLS INC 0.60% HEINEKEN HOLDING NV 0.02% HEINEKEN NV 0.04% HENKEL KGAA 0.02% HENKEL KGAA-VORZUG 0.04% HERSHEY CO/THE 0.04% HORMEL FOODS CORP 0.08% ICA GRUPPEN AB 0.18% JERONIMO MARTINS 0.08% JM SMUCKER CO/THE 0.54% KAO CORP 0.07% KELLOGG CO 0.38% KERRY GROUP PLC-A 0.04% KESKO OYJ-B SHS 0.02% KEURIG DR PEPPER INC 0.09% KIMBERLY-CLARK CORP 0.10% KIRIN HOLDINGS CO LTD 0.03% KOBAYASHI PHARMACEUTICAL CO 0.21% KOBE BUSSAN CO LTD 0.11% KONINKLIJKE AHOLD DELHAIZE NV 0.05% KRAFT HEINZ CO/THE 0.15% KROGER CO 1.07% L'OREAL 0.15% LAMB WESTON HOLDING INC-W/I 0.02% LAWSON INC 0.10% LINDT & SPRUENGLI AG-PC