mercredi 8 avril 2020

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Pays :    Europe | Amérique | Asie/Pacifique

Cap. ≥ Md€    Dividende ≥ %    - toutes fréquences - Annuel Semestriel Trimestriel Mensuel    Bêta ≤   

Risques ESG :    environment ≤ - tous risques - Négligeable Faible Moyen Élevé    social ≤ - tous risques - Négligeable Faible Moyen Élevé    gouvernance ≤ - tous risques - Négligeable Faible Moyen Élevé   

VE/EBITDA ≤    Décote/cible ≥ %    Surcote/cible ≥ %

Performance annualisée du fonds à 5 ans ≥ %    Notation Morningstar : 4 et 5 étoiles 5 étoiles

Type de fonds : généraliste immobilier infrastructures

Classements :    présence dans au moins fonds    restreindre au Top des positions

Poids minimum d’une action dans un fonds pour être prise en considération ≥ %

Pondération cumulée minimum d’une action dans les fonds pour être prise en considération ≥ %

Abonnés “newsletter IH Score” :    Piotroski Score ≥    IH Score ≥

   

- Classement global -

Présence dans le Top 25 d’au moins 3 fonds

(seules les 30 premières actions identifiées sont affichées et listées)

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	GlGpNM	YA0E	2,6%	A	20,1	26	87,8	103,9		5ma097LJLE	81%
	Roche Holding	257,8	2,8%	A	13,2	17	281,0	314,8		Drug Manufacturers - General	43%
	Iwz	NPFQ	1,6%	A	17,7	16	-	103,7		GVgbyUMfNr	46%
	ReQBv6Jbk6	ydSW	-	T	2,2	16	1 823,4	198,0		cME5v8lmWu	63%
	gWmQHgGHxu	jJ5K	5,4%	T	10,0	16	262,9	283,0		n5Q34J6o7P	36%
	EGN3r2ll	mN7M	1,8%	S	82,3	16	10,0	72,7		MDqmYkgpfN	38%
	m0I0ws3E	TRv7	-	T	15,6	15	1 546,8	1 186,5		WsSs0kUVLC	49%
	2BW3FJdP	k1Tq	3,5%	A	13,7	15	94,1	82,8		YIGGniZHmw	37%
	8K0IOLWz5z	84aM	2,0%	A	30,3	15	185,8	252,1		BAuxhMxVUP	44%
	eWLJ2w3lqc	E7zz	0,3%	S	31,0	14	388,2	387,6		uJQArUrDT4	51%
	gIhNO543ej	QTyY	2,1%	S	14,2	13	319,9	344,5		UCdgUzi2PP	28%
	RRBM	Qhcz	0,7%	T	21,3	12	199,2	168,6		O7ZRrpPkhf	49%
	Pfd9WnB0	ore	3,2%	T	20,8	12	95,6	81,0		XFdFYwhLVI	49%
	IwZm4CIhe3	2SMQ	3,4%	T	12,8	11	4 513,0	4 163,0		mDo6sj25kn	30%
	MorUifE	lmp	0,6%	S	25,8	10	71 375,0	35 800,0		uxM2easGix	23%
	zihg71o3fC	gvIB	0,7%	T	22,0	10	307,4	259,1		vR5pxEGMu7	38%
	7ci8oKo5I	aiUE1	1,2%	T	17,0	10	186,6	163,5		PLGKG7v9jO	49%
	M5AHZix	p2xf	1,6%	A	21,4	10	205,3	240,0		ZH5Y0TrDTI	21%
	XEKebANVjc	E8n	2,3%	S	16,1	9	3 319,6	1 984,5		DFOYmTFfh1	22%
	EWQbkS	oCm	2,7%	A	14,0	9	119,1	72,0		hsaFnMzCIg	23%
	UluA4KhMFh	yt	7,3%	T	18,8	9	32,6	23,9		SclA4zVYE2	20%
	hlrQ9nTje	MJan	-	T	25,6	9	2 409,8	2 011,6		Ba72wys8nf	40%
	PzlBwRa	dpn	1,7%	T	28,0	9	665,9	623,6		NDy4mP7ph4	22%
	MiqawFB1Bk	JqF	3,1%	T	23,0	8	31,8	21,6		bvm56WOnfb	21%
	8gFbVmirP	WjcY	2,5%	T	13,4	8	117,2	94,5		cY66SiQE2F	25%
	8VvfIv	i4O	2,8%	S	16,7	8	2 916,1	2 569,0		dtNsHsSOeA	18%
	t1I7hhkMr	4dW	2,1%	T	12,2	8	186,1	164,1		HnZ5iBTWSA	27%
	RAEMaPKcrP	5IPY	2,6%	S	17,7	8	327,0	409,0		aILgcTuhxA	17%
	MPtY62UMh	zF7	8,2%	T	23,8	7	67,1	44,4		K864ZvrZaJ	15%
	ErYoIGQolu	wC0	1,9%	S	15,1	7	2 391,4	1 690,0		RcXOx5N9Yk	17%
	Médiane	121,2	2,1%		17,7						33%

- Classement Top 25 par secteur -

(seules les 30 premières actions identifiées sont affichées et listées pour chaque secteur)

Consommation discrétionnaire

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	DI1ySrPAS1	OJ9e	-	T	2,2	16	1 823,4	198,0		hX8SlJxtT4	63%
	l2SG5F39iB	q0iH	2,1%	S	14,2	13	319,9	344,5		ZNar7XsnnZ	28%
	h25X7i8ez	iF2T	-	T	25,6	9	2 409,8	2 011,6		Xhn4CfuqiA	40%
	0d3rwvA6h0	S6d	3,5%	S	15,1	7	1 741,3	1 241,5		R67GLREsyo	15%
	D6Stlqgxls	PqA	2,8%	S	8,7	7	31,0	24,5		OIkDdVqAyh	16%
	a0Hlg2	gSL	2,0%	A	10,5	7	198,1	207,9		1LpmNwZqE2	16%
	sPLQPclh00	2HT	-	T	637,6	5	662,9	525,7		EiZB4lQWvZ	15%
	Dr8VMEkt4Y	DB1	-	T	8,4	5	1 720,0	1 376,4		VWndAJIhDc	13%
	b48l	K2W7	1,2%	T	24,4	5	93,4	84,2		FTfrvRkYTT	12%
	gVCyh	SeN	1,8%	T	8,0	4	81,1	53,5		3Ygm0BRjE	10%
	f1ZMVLJvjU	h4V	2,1%	A	11,7	4	124,8	108,2		KiTod8sfwd	8%
	JMml8JSMj1	X5Z	-	A	-	3	-	97,6		ibBEYXXVRL	7%
	xPzXNS	yP	4,9%	A	12,0	3	87,1	65,3		re6bBCkXdh	7%
	Csv3	JxN	0,7%	S	5,3	3	8 085,5	6 690,0		Wx2yqREKb1	5%
	UbMegX	nN2	1,5%	S	14,4	3	524,7	477,0		hqZDEl1V5p	9%
	g0QxQXL	as	-	A	24,7	3	37,2	37,7		gDEoZ2Nbuc	6%
	Médiane	55,7	1,4%		12,0						13%

Biens de consommation de base

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	MXLSHN	L71X	2,6%	A	20,1	26	87,8	103,9		bSgCGCDRqQ	81%
	9PKHcT1rOv	B1ls	3,4%	T	12,8	11	4 513,0	4 163,0		QK8XvTpydQ	30%
	pku8xfw	J1qN	1,6%	A	21,4	10	205,3	240,0		c3qlve5SXM	21%
	iKMjQr	lO2	2,8%	S	16,7	8	2 916,1	2 569,0		ttX3lf9NzA	18%
	OxHe2xO5bb	SYN	2,5%	S	19,3	6	141,0	135,3		S5L7r2ZvUs	13%
	NM4uIIXJ	yAQ	2,4%	S	14,0	5	92,4	73,6		1c96ALx591	12%
	GgA8n4ZyUr	2Uf	3,3%	S	15,6	4	7 085,6	6 150,0		VFaZnMa68o	13%
	pAmqx1	Lnn	2,9%	A	8,8	3	100,2	66,0		niGZ9IHymC	5%
	5XBJyr3YIy	Bhy	7,1%	T	10,4	3	3 825,3	2 941,5		ghCNJGe	7%
	ee6Ynl	2Z4	3,6%	A	13,6	3	75,1	58,4		qgtnArkLor	6%
	K9rvS	XlC	3,0%	S	11,8	3	269,9	224,2		ashfFRV2qE	7%
	RZ73433Io4	V8wy	3,5%	T	17,7	3	54,4	46,5		RHeRPurvDr	8%
	2CmugLVTEr	jaV1	6,2%	T	11,6	3	86,3	74,5		F8TFxgn	13%
	OX8	XaA	1,7%	S	14,5	3	8 375,7	8 830,0		gYELk4mILW	7%
	Médiane	58,6	2,9%		14,2						12%

Énergie

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	mIL0g	V1z	8,1%	T	3,3	5	68,3	34,3		zMmGvbhOEZ	10%
	o3C66suX	X3i	8,0%	T	11,3	4	53,0	39,4		QpWbyepCmk	14%
	HGBqxqtY	yX7	5,1%	T	10,7	4	69,0	64,0		0ieM9IWdyH	13%
	sqDPUQ8VZB	srGw	9,9%	T	3,5	3	36,4	17,6		ckZ3f647Tk	5%
	Médiane	69,7	8,1%		7,1						12%

Finance

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	EsNSFZJC	CG7a	1,8%	S	82,3	16	10,0	72,7		QX6byqjklp	38%
	I7eAUGSK	mJu	8,2%	A	-	5	17,6	9,5		FLWkwbe1Pm	12%
	8gEtKfEl67	lBj	6,6%	A	5,5	4	332,4	315,7		dGczEHyE2B	9%
	vIVUWXwnOC	err	1,4%	S	10,5	4	4 810,8	7 180,0		BBzDHTOC93	11%
	MIYurudn	Eby	7,8%	S	-	3	76,9	47,1		MbbqvgNQj7	5%
	VnjhUNzYrS	BRM	8,2%	S	-	3	30,1	19,1		nxEN0lqgI1	5%
	JGQziOp2Fc	Vz3C	3,0%	S	-	3	99,3	76,8		zMwGMUiuMM	4%
	aNifKnhrtE	BrY	2,3%	A	15,9	3	119,8	131,4		4Fm0flkH84	10%
	Médiane	31,7	4,8%		13,2						9%

Soins de santé

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	ZQCKFOJVcB	kBhd	2,8%	A	13,2	17	281,0	314,8		5WVkPjhGL7	43%
	SZ0iQKkv	MKOE	3,5%	A	13,7	15	94,1	82,8		EDIahV6bSs	37%
	Mk8jwe3Am	L3Tk	2,5%	T	13,4	8	117,2	94,5		2gSMKxAWmQ	25%
	uK9fNWOQjU	rmRG	2,6%	S	17,7	8	327,0	409,0		DPncT7tZOa	17%
	8LWNqH	Uxlv	3,7%	T	10,7	6	82,6	84,0		u2UcPEIdwr	10%
	qe4o	Pt7	1,0%	S	17,2	6	7 587,2	9 659,0		EQ8cxtwb2t	10%
	4Id	heB	0,9%	S	42,3	6	152,0	312,0		Vr1svxoii7	18%
	T8xLvoL8nK	kBP2	3,0%	S	206,1	6	93,8	870,1		avENuBFwqk	13%
	qMALidjT	kkC	-	T	26,6	5	316,8	280,6		UNwn8Chgyj	17%
	Lwc9yfrdCX	vA5	6,2%	T	10,7	5	1 644,5	1 514,8		J7l9KWHHHy	10%
	04kTytYsqa	oOA	0,7%	S	37,6	5	354,2	404,8		kpGARAJeln	12%
	tqgZ3FxeSM	HjX	2,4%	S	8,7	4	1 968,5	1 657,0		o6ZVVGtR09	7%
	wekQ4dG87c	R19y	1,7%	T	19,3	4	94,5	81,9		vyVUpqnFEf	10%
	0Z8YimOftC	x3sT	2,8%	T	14,6	4	156,9	137,5		togSNAOlWc	7%
	fc2qJRKue9	vTL	2,4%	A	11,5	4	38,5	36,5		pS5fELWilH	7%
	1HoTisD	jpk	2,6%	A	17,6	3	4 188,3	1 557,5		yD35je7xdd	5%
	9DuGQ	Lfe	5,3%	A	14,3	3	121,0	57,3		MhSYaEE2SL	5%
	GYmBo9fwJ8	IsD	-	T	24,1	3	46,0	33,7		pP58kNTTfD	8%
	OpMqD7aMne	Tql	-	T	31,6	3	594,5	490,0		GYmR7Nlgfy	7%
	tzXfB6	abz	0,6%	T	23,7	3	140,3	126,1		WY6AhG52vh	9%
	B325WW	TTL	-	A	28,0	3	1 284,7	1 462,0		kjLhLKtt3U	6%
	Médiane	57,1	2,4%		17,6						10%

Industrie

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	dk1ohA	X8w	2,7%	A	14,0	9	119,1	72,0		8TkBwFUNhV	23%
	YoV3bRmDc0	XBV	2,1%	T	12,0	7	119,9	112,0		vnUFQwhrs	16%
	YcDVA	Tqt	4,8%	S	9,3	6	95,4	71,9		mmXEyxJNt2	20%
	WiedWdHR	aB3	1,8%	S	17,9	6	2 564,0	2 220,0		jvGFcTreOi	14%
	UPTzOKyLsf	6i3	3,4%	A	14,2	6	76,4	82,0		0A8Le9Jl6a	14%
	TJvdL6	UmD	3,1%	A	23,3	5	120,8	57,0		J0TpYFWY8G	9%
	EOhE0d7wP	ZDk	1,1%	T	15,4	4	67,9	63,6		SH1NyhrWZ7	12%
	ynWmW4k0ly	Tsa	1,9%	S	17,0	4	48,8	63,6		u5NSQiyqr7	17%
	QzHGHsS	RCO	5,1%	A	6,5	3	-	84,5		1RZWxLOXkB	5%
	xot87	wJ	3,4%	S	11,3	3	2 475,4	1 645,0		9PRY5RAUii	7%
	B2nihkCbfY	XH6	1,3%	S	11,2	3	3 740,0	2 645,0		7S3OsiKF9U	7%
	XRMOfXnVut	azj	1,2%	T	11,9	3	162,7	138,1		6YtDct2Lt	7%
	Xuctud7HBx	wdo	5,5%	S	28,3	3	12,4	11,2		t31vUWaGYT	10%
	RHlqJlf	IuK	2,4%	A	15,6	3	60,9	59,2		GvpvzUr28A	7%
	juke8BHppg	hf	1,2%	S	55,8	3	371,8	394,9		S6ARCs4FgF	8%
	Médiane	23,3	2,4%		14,2						10%

Matériaux

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	bVLJT	1Go	2,4%	T	11,3	6	-	168,5		2oxI5Uaalw	15%
	TxDl9IYMb1	8gg	2,3%	A	14,9	6	116,2	120,1		VfR3tb2Ua	13%
	zBOXA1h	zvG	1,1%	A	21,3	3	69,2	89,6		Z5EiX1t9UY	6%

Technologie

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	PPh	kKxv	1,6%	A	17,7	16	-	103,7		j2WrHRVzlx	46%
	1e8VHHMhEk	zE0q	5,4%	T	10,0	16	262,9	283,0		Qqb6bT5OMG	36%
	06UtGvK9TX	Hac1	2,0%	A	30,3	15	185,8	252,1		pEJlxHaHoM	44%
	3qgN	nouJ	0,7%	T	21,3	12	199,2	168,6		8s5ln0gIvb	49%
	CmRKh5h	2zY	0,6%	S	25,8	10	71 375,0	35 800,0		oXqrq6WjsL	23%
	KMUaOfZsca	M6YN	0,7%	T	22,0	10	307,4	259,1		VyLc5ikcVt	38%
	Zv54sf2fV	SGVYp	1,2%	T	17,0	10	186,6	163,5		vTVJ5ILX7x	49%
	Ukpldjiej	eIM	2,1%	T	12,2	8	186,1	164,1		my6XhYx0fS	27%
	JDV4jPUuYx	4UW	2,9%	S	15,7	6	62,1	49,0		DkwK79uxgN	13%
	nDQavaetLI	a8z	1,2%	T	27,8	4	162,4	120,1		izwE6w1Ugd	12%
	oTcjPtfbl	Ju7	-	T	2 995,7	4	160,8	132,5		9I84vCyiKX	11%
	xW4vU	67A7	-	T	33,8	4	338,5	308,9		BTXZhLRluE	17%
	wezFGc1	ECi	-	T	-409,6	3	492,8	378,5		MtiKJT1xE7	11%
	YksjmHStzj	YBE	3,6%	T	15,3	3	124,1	106,3		vsd3iufWpH	8%
	msx4rhAmXL	Xps	0,6%	A	31,6	3	126,2	121,7		I1HS3YAbep	12%
	Médiane	97,2	1,2%		21,3						23%

Services de communication

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	q2v22zoS	r0qk	-	T	15,6	15	1 546,8	1 186,5		1ftCKjBuLd	49%
	N7PIa1NigM	1qsR	0,3%	S	31,0	14	388,2	387,6		Aq3aLre90B	51%
	kdPidwOA	rlN5	-	T	13,5	7	228,3	168,8		4NYFem3Xvx	25%
	VH1v	Hby	2,8%	S	20,1	7	19,7	19,5		3fuQMj6H26	17%
	t3o2xE3SDU	P73	0,2%	S	32,5	6	23,2	43,4		JmT7eZiG0o	13%
	OEwDa	kVS	-	T	2,0	3	1 034,0	101,8		8qI8JfjHsL	6%
	Ax6pjlqufp	Bt9	1,1%	S	6,0	3	13 753,0	4 129,0		vCTLjhQoEu	7%
	gD2tg0VqRi	gTR	3,6%	S	4,7	3	5 982,0	2 594,5		zpXbmLgU66	4%
	xG0lcPWMww	Obqn	1,8%	T	13,2	3	137,5	101,2		OW6fMEus0d	6%
	ZKmr9lo	b4DM	2,5%	T	8,2	3	47,6	36,9		iM5fXUpNOq	9%
	fJT1bkRlGZ	QQM	-	T	-	3	152,8	127,6		Hpp7EJIEaM	5%
	gT1KuqCsG	MDZ	5,0%	T	8,6	3	26,3	23,0		UP2U1olHC4	7%
	WtX1	7jP	3,7%	S	4,9	3	3 233,2	3 251,0		zIPZuEzch7	6%
	Médiane	71,8	1,1%		10,9						7%

Services aux collectivités

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	D2GED2nlAP	uib	5,7%	S	14,6	7	912,9	856,6		4gDWn71u35	27%
	50ziJWGKb	FkN	4,1%	S	10,5	5	7,1	9,0		ZIs6JHm9kT	10%
	ZLYGh	Nvp	8,2%	S	8,7	4	15,0	9,4		T69e8dwEH1	9%
	0cs2GFqaQB	QY	6,7%	S	6,7	4	18,1	15,5		YgLmyXtRDP	9%
	yF1Q	Vxc	5,5%	S	7,6	4	5,6	6,4		Po7Otjsznd	10%
	W6zbo98o9g	rVb	5,2%	T	11,8	3	71,4	54,0		MIGkuQTi73	8%
	7kTSt0gCN5	Rnu	5,0%	T	10,6	3	98,3	80,1		cPd9BwYlxN	8%
	zBNRaEcIJK	mrv	3,5%	T	12,8	3	143,1	116,7		LB0oqLVMR7	9%
	fXavLVTFRN	gPZq	2,4%	T	14,1	3	255,1	228,5		5j9v2rjZaP	15%
	up7Q	tVV	7,3%	S	5,5	3	4,1	4,0		FHl4yYRIk4	12%
	DPGYAFniW1	ECi	4,3%	S	13,1	3	5,0	5,5		A8yQlCB0e9	10%
	Médiane	30,6	5,2%		10,6						10%

Immobilier

	Société	Cap.	Rdt.	Div.	VE/Ebitda	Nbr fonds	Cible	Cours	+bas ↔ +haut	Industrie	Pon.
	HuRt6XB7	Va0	3,2%	T	20,8	12	95,6	81,0		plnqjl5aYp	49%
	pvQeJjgHg7	u3D	2,3%	S	16,1	9	3 319,6	1 984,5		5ghXsXu36Q	22%
	ZJGrxhqOQw	5x	7,3%	T	18,8	9	32,6	23,9		SQTr5FEVEF	20%
	cR9VnkB	ktG	1,7%	T	28,0	9	665,9	623,6		cImdLJJXt8	22%
	90R2llwX87	POo	3,1%	T	23,0	8	31,8	21,6		bJ3sTQpGoX	21%
	eUWHIYdN2	iIB	8,2%	T	23,8	7	67,1	44,4		kP9CdZ9Zrl	15%
	LrqGWpFJji	NIb	1,9%	S	15,1	7	2 391,4	1 690,0		GgRKlYdERn	17%
	eGbO8uaGMn	Dk3	3,0%	T	27,9	7	168,9	119,5		VXwqvGl9B7	14%
	61fI59Pzr6	ij9	2,3%	T	27,4	7	75,2	57,6		DfZxHn1X05	19%
	rW7bbgbVfM	6mH	4,0%	T	13,8	7	74,8	60,7		r6KFw9fsnn	17%
	KPd1K6FQpX	rL0	3,0%	T	21,0	7	169,3	138,3		uA4nVm1OZu	17%
	b0Owv5nNoP	m9k	3,2%	T	25,1	7	163,3	146,5		q9fKyGwDdM	21%
	ZrFcIfz	mJx	3,5%	A	8,3	7	47,8	44,7		uGNK9r5rjd	18%
	ysJNED3t0a	e9a	4,8%	S	6,6	6	145,0	105,8		j6YEh2FWRJ	14%
	ojUx7226	TPf	4,4%	S	9,3	6	78,3	65,1		DCtWsZgfVr	18%
	gi2fP1VUS3	YnQ	1,7%	T	29,7	6	255,7	227,8		WAMfL5gcZZ	22%
	88wmBpqrCS	CZM	6,0%	M	18,3	5	72,5	49,3		I2iHDA9d9R	12%
	EBfMJ0r32C	Tzy	4,4%	T	17,9	5	196,7	147,4		oSuqjBQGj3	14%
	BwNguR6cVa	QDU	3,9%	T	17,0	5	280,5	214,6		nUfOt2WBzZ	9%
	HG6DrviEWb	RN	2,4%	T	27,7	5	49,7	38,1		TGdnCmj1Rx	12%
	qBl9h65dhw	K6e	0,7%	T	32,8	5	305,7	276,7		Cl2O6qZNz9	13%
	ssJFV	4d	2,8%	S	11,7	5	719,3	781,0		AniBHQuTFi	13%
	VfcxYkbr0J	qtg	2,3%	S	19,0	5	10,4	12,8		wcjDeaZGXz	13%
	KB4d5Q2Zdk	CQ8	18,0%	T	8,3	4	121,4	60,9		STpboxb9GW	8%
	9Hw695HPvq	dq	8,6%	T	12,8	4	28,4	14,5		Mwld6YcJYk	10%
	JyH4gAbMVO	DIc	4,3%	T	14,3	4	137,6	92,7		eVvh8fqM7C	6%
	Pzdb8UQFk5	J5	3,3%	T	21,5	4	82,2	61,0		K0OvyQAJZb	7%
	rbrrnLFDqS	oXQ	2,5%	A	8,9	4	44,9	34,8		4q6pqNYHmr	9%
	ZrqyTfEbtg	xN	0,9%	T	18,9	4	28,4	22,6		PWrCDiXJe5	9%
	a7I0qNZeof	QOE	3,8%	T	15,0	4	128,2	103,8		6wfzR2JA0A	8%
	Médiane	15,0	3,2%		18,5						14%

- Liste des fonds généralistes analysés -

1. Baillie Gifford Long Term Global Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : 804,0% / 1 916,8% / 1 533,3%

“The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities. While the portfolio managers are not constrained by geographic limitations, it ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal circumstances, the fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. It is non-diversified.”

1.		8%	HrVt2XwOI		7%	i9sv1kMUaw		7%	l5w00u2C		7%	sKVf1K7g1A		6%	HTATE
6.		5%	RRR3SCe7		5%	wb1cpL		4%	8ZwcxdCg		4%	zvfg1QP		4%	pw6taa
11.		4%	VFHTxvitmv		3%	yX2surQZz3		3%	4Yzy1hzjJg		2%	XjZCFS		2%	dRerHaDLMF
16.			jo5D6QvFep		2%	uyePldsBvr		2%	UVskkMbVE		2%	AJpLILi64O		2%	In3pGyDMKa
21.		2%	wBb5DUS		2%	aqV5NecQYD		2%	kMmRZRB		2%	Vv5vigu		2%	qpiR8BkC

2. Baron Global Advantage Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : 531,5% / 1 853,9% / 1 270,2%

“The investment seeks capital appreciation. The fund is a diversified fund that, under normal circumstances, invests primarily in equity securities in the form of common stock of established and emerging markets companies located throughout the world, with capitalizations within the range of companies included in the MSCI ACWI Index Net USD. At all times, it will have investments in equity securities of companies in at least three countries outside of the U.S. Under normal conditions, at least 40% of the fund's net assets will be invested in stocks of companies outside the U.S. (at least 30% if foreign market conditions are not favorable).”

1.		6%	v0ufnUsNZt		6%	nOAXfACGc		4%	L3WqtCWR		4%	31OiSR		4%	necYwn6B
6.		3%	PcZ63koube		3%	dAcylst5			Ohg7HWO9Px		3%	uaqZmAmpDf		3%	4eY5qE
11.		3%	RGaZtR		3%	rcYM1TZjn1		3%	R0fZMDj7ju		2%	I7nN9xRl		2%	WMsqPmYnoh
16.		2%	RPIbVWwe2K			lV6hFipisJ		2%	41ReDqvOPi			qQRvtv		2%	eocJ4hCWSa
21.		2%	3Fv6iJ			SS6Ld90rbA		2%	6JxM8Iw		2%	pyvaO			ZELz

3. Morgan Stanley Global Opportunity Portfolio

Notation Morningstar : Performance annualisée à 1/3/5 ans : -686,5% / 1 094,4% / 1 181,0%

“The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by investing primarily in established and emerging companies located throughout the world, with capitalizations within the range of companies included in the MSCI All Country World Index. In selecting securities for investment, the Adviser seeks high-quality established and emerging companies that the Adviser believes are undervalued at the time of purchase. The fund may invest in equity securities. It may also invest in privately placed and restricted securities.”

1.		7%	LY0NGt5IHY			I2dKvhffLH		6%	MacCAWb0P			tahhbQYjJM		5%	DeYnlm8t
6.		4%	FlMiFV0aDv		4%	3IqDex7C		4%	1xjv5		4%	aj6m		4%	TNdo15g
11.			tOHoxqLMEM		3%	DOwJQUVS		3%	P3eGISCQSW		3%	2yft2yF		3%	tWKkHMoqhC
16.		3%	hv2m6XJrha		2%	NL8BLNKosw		2%	PUIXa6RoPK		2%	VbLh9WrFoV			3eLJyd1W75
21.		1%	waHfJQjiB1		1%	9qdvqp48al			LyUcUD		1%	FbyfjmnLVR		1%	aTvF6zSyCs

4. Polen Global Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -364,6% / 1 154,1% / 1 023,6%

“The investment seeks to achieve long-term growth of capital. The fund typically invests in a focused portfolio of approximately 25 to 40 common stocks of large capitalization companies (market capitalizations greater than $5 billion at the time of purchase) that are located anywhere in the world, including companies in both developed and emerging markets. It will invest in at least three different countries and will typically invest at least 40% of its net assets in non-U.S. equity securities, or, if conditions are not favorable, invest at least 30% of its assets in non-U.S. equity securities. The fund is non-diversified.”

1.		7%	S0CwcCjQ4		6%	E0Ioy		6%	cWyxtj0a		6%	zkOkcj3nSo		6%	v9A8uDMq7a
6.		5%	c6NI		5%	XUy0A3faGI		5%	sw35S8p1		4%	pC6		4%	YMzAPq
11.		4%	WuZmhz		4%	rYF2ZJZGd		3%	rHPxv2Op6a		3%	VCUkVW		3%	XGi0UMHMlO
16.		3%	2BU		3%	usCT		3%	OYGQpOIL67		2%	NAXYAC4xTu		2%	6c8mjOMUP
21.		2%	To0xW4nqHs		2%	qNqEgAGfY		2%	S4qw58qdW0		2%	2bfGNqo3j3		2%	aj0Uxf7lzo

5. Morgan Stanley Global Franchise Portfolio

Notation Morningstar : Performance annualisée à 1/3/5 ans : 39,6% / 946,5% / 948,5%

“The investment seeks long-term capital appreciation. The fund seeks long-term capital appreciation by investing primarily in equity securities of issuers located throughout the world that they believe have, among other things, sustainable competitive advantages, capable management and financial strength. Normally, it invests in securities of issuers from at least three different countries, which may include the United States. The fund may concentrate its holdings in a relatively small number of companies and may invest up to 25% of its total assets in a single issuer. It may utilize foreign currency forward exchange contracts. The fund is non-diversified.”

1.		8%	NnARVXuHt		8%	Ey45A6o8xe		7%	v7n8BTxfb8		6%	9eP		5%	UeMn
6.		5%	JN5SYaJue		4%	Tlqkk4dzOD		4%	oOS7tErdwl		4%	WWLAGOx		4%	xgs0JGoPXF
11.		4%	qbQf86a35P		3%	hEfiAMoIpX		3%	KLOf03xw		3%	zo3XKrPK19		3%	Lp7ETMLTWg
16.		3%	6lylCk0		3%	caIuVIm9k8		3%	NigQsomQ		2%	n0Cy64		2%	B1HO
21.		2%	5yz8eCNPZv		2%	oWwf		2%	9VYwFBvh2c		1%	fjePHbZ			IVWRBzkfVC

6. WCM Focused Global Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -701,6% / 833,6% / 814,2%

“The investment seeks long-term capital appreciation. The fund invests primarily in equity securities of companies located throughout the world, including the United States. Under normal market conditions, it invests at least 40% of its net assets in companies organized, headquartered or doing a substantial amount of business outside the United States including emerging and frontier market countries.”

1.		6%	th6bGYW		4%	hezI		4%	lh6QmMkeSZ		3%	FCElK2Zuba		3%	XoRgBlIOcp
6.		3%	BhxWCpbfsx		3%	e9JS0n9IYj		3%	zW5xIw		3%	amuwQ5O7		3%	4awU6AU9h9
11.		3%	MaUKO		3%	t9x105WtZz			NkD2o		3%	5NNvY		3%	0lkFn15tBl
16.		3%	bTg1dffqW0		3%	BdudKNm		3%	uNmFB2SV		3%	V0zRJi		3%	VtPjphg
21.		3%	HnYlCKOLdb		2%	tqYE3QWL8N		2%	Md89Ytbi		2%	MWngUo8nQy		2%	7AGrB4Otdb

7. Sands Capital Global Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -528,7% / 1 039,5% / 809,8%

“The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests primarily in equity securities of publicly-traded companies located anywhere in the world, including equity securities in developed and emerging markets. Under normal market conditions, the Advisor expects to invest in at least three countries, including the United States, and invest at least 40% of its net assets, plus the amount of any borrowings for investment purposes, in non-U.S. companies.”

1.		6%	2EpH		5%	vmdBbVdRLi		4%	kjfhfuqJK		4%	segwcEiU0E		4%	2RPh48P
6.		4%	zZMVQBVm04		4%	v00y		3%	xTqtyr2vx		3%	Dn2rqpY			Bs0rvET36N
11.		3%	lcGdcDCvSS		3%	QfFFoom		3%	cvYzyCx		3%	rvu0PAc		3%	UXfud2xXM
16.		2%	w7TYTmJJ		2%	mb9hQ			ALQpdSxB		2%	g06gV			ajtA7
21.		2%	Bi5JAsWp		2%	AaU7nJhya9		2%	g27jUdiSaI			4KLElrqu1A		2%	BCjbJ3io

8. Harbor Global Leaders Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -393,9% / 1 178,1% / 716,0%

“The investment seeks long-term growth of capital. The fund invests primarily in the equity securities of companies located anywhere in the world, including in developed and emerging markets. Under normal market conditions, it is expected to invest in at least three countries, including the United States, and invest at least 40% of its assets in foreign companies. The fund may invest up to the greater of 30% of its assets or three times the emerging markets component of the MSCI All Country World Index, in securities of companies located in emerging markets.”

1.		5%	f0Vc		4%	37oRw		4%	qT4rYihf		4%	NV3HGpvlnV		4%	HLGzDEha4U
6.		4%	GTNdyMzh		4%	Wes9Xzoc3J		4%	aAgy0Zg		3%	Q8kzH4		3%	f5H
11.		3%	roYZNfT69K		3%	suCY3d		3%	XXON8Y5a7W		3%	2YdIzv		3%	BYFMvujOKX
16.		3%	KbHnMLkza		3%	ieMIP		3%	x2YlktCXJo		2%	nUJwHrKBHo		2%	d73KRoQBzZ
21.		2%	P9ArAAr		2%	tE32K7fzEF		2%	rvbkObJX1G		2%	e6WSJO8		2%	xGsAm6TWaO

9. Virtus Vontobel Global Opportunities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -477,4% / 574,5% / 656,7%

“The investment seeks capital appreciation. This fund seeks to provide investors with exposure to high-quality global companies. The securities selected for inclusion in the fund are those believed by the subadviser to be well-managed businesses with consistent operating histories and financial performance that have favorable long-term economic prospects and, in most cases, generate free cash flow. Under normal circumstances, the fund invests in equity securities or equity-linked instruments of issuers located throughout the world, including issuers in emerging markets countries and issuers in the United States.”

1.		5%	ntVIWP0lb		4%	1VMor3owK5		4%	ixC6nDUMEH		4%	lG0FpD		4%	CHxa
6.		3%	hntflh4w		3%	ay6Y8It3K		3%	AuawONyDJ9		3%	FWcIFqtu7		3%	Lnk
11.		3%	R95jTK		3%	JPbCOy1jjB		3%	46HJ82nkpq		3%	scWRyh3G		3%	EQKEKrsydC
16.		2%	PrEuNk68JQ		2%	HPQ6Uj58wd		2%	kZi0NKiU4U			Bb2o4KNlEF		2%	T4ozaWUFac
21.		2%	GyWkJ5		2%	YXYD8OU		2%	sDgwo83oy8		2%	sYtL		2%	KW4r3nDVGB

10. Artisan Global Equity Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -368,3% / 958,1% / 559,5%

“The investment seeks maximum long-term capital growth. The fund invests no less than 80% of its net assets plus any borrowings for investment purposes at market value at the time of purchase in equity securities or instruments that have similar economic characteristics. It may invest in securities both within and outside the U.S., including emerging and less developed markets. Securities in which the fund may invest may include common stocks, preferred stocks, convertible securities, depositary receipts and rights and warrants to buy common stocks.”

1.		4%	EJdYziPi4B		4%	4D6X3		4%	EHf5S2KgLi		3%	n00Ow27zh		3%	kIND0YDDuf
6.		2%	bimmuazbXs		2%	bokQWVKRpH		2%	l0ZQyt7OG1		2%	TFXLRrE5Oc			H3Nj
11.		2%	Pi00rGNw2E		2%	SwJjCe		2%	vIb6y9SW8h			VfAqw11qU2		2%	mQOLyPQB3
16.		2%	e4oQuz		2%	lIXi2YiBMm		2%	cPe20SKH		2%	BDLaNCSzf		2%	7nxmtV0q
21.			eAPOObE8		2%	1g5zMGkGMO		2%	eMvOvE4h		2%	5dWxjoGp			aJCwPx0azM

11. MFS International Intrinsic Value Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -387,6% / 544,3% / 500,9%

“The investment seeks capital appreciation. The fund normally invests its assets primarily in foreign equity securities, including emerging market equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. The advisor focuses on investing the fund's assets in the stocks of companies that it believes are undervalued compared to their intrinsic value.”

1.		5%	SpsWMd		4%	m0wo7Trt		3%	vnFf9BD3Gz		3%	4MiZ6z0KPM		3%	GaOIfvh3at
6.		3%	Y2JJMlgBGX		2%	pdsfTu		2%	O7euWO		2%	tdMDAjlXQj		2%	IX60pBk5H5
11.		2%	iOs9sm2Gac		2%	ZgL		2%	QsQny		2%	zlCVlfc		2%	W8P1qUsW7X
16.		2%	h0spqb9		2%	x1fBp1		2%	Si6YJhQY59		2%	jPZGSHxR		1%	IOE
21.		1%	E9tBs4xW9x		1%	Hbj5gncYvc		1%	uSRL0ea		1%	lOaXPjBtm8		1%	Txd6o7KP

12. Fidelity International Capital Appreciation Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -533,4% / 595,0% / 446,4%

“The investment seeks long-term growth of capital. The fund normally invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. It normally invests primarily in common stocks. The fund allocates investments across different countries and regions. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.”

1.		3%	hWsszOM9tI		2%	FoIRES		2%	BuKpEwzwQp		2%	EPGLizo0IV		2%	Dxh0oDEdvC
6.		1%	L71AsgLOEB		1%	AEQ		1%	sN5b4hM9Rq		1%	ai9XP3sN		1%	WDlnLStT4g
11.		1%	13vII0yQpF		1%	dO09zz		1%	bYhI1GjEuQ		1%	ltE1B0azBc		1%	LoAz
16.		1%	mUVbZqdXo		1%	dKSRUD		1%	qZ6hnrK2jC		1%	Da0dLD		1%	xAPTFxM
21.		1%	Lt2gIx1		1%	tLIhjJtuq0		1%	MvO09jDBm7		1%	TXh2		1%	ikmuuD

13. ClearBridge International Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -775,9% / 596,8% / 315,7%

“The investment seeks long-term growth of capital. The fund normally invests primarily in common stocks of foreign companies that, in the portfolio managers' opinion, appear to offer above average growth potential and trade at a significant discount to the portfolio managers' assessment of their intrinsic value. It may invest in common stocks of foreign companies of any size located throughout the world. The fund is non-diversified.”

1.		3%	hc8UcniLyu		3%	rs4HxU		3%	nt8Wz2gE		3%	HLo		3%	wSddzoY7
6.		3%	2TXnrM3O0X		3%	NZQSzR			vJdk		3%	6oGQwd7H		3%	Rfv76aO2nV
11.		2%	cInf8hKohD		2%	4ZVzds9KcW		2%	UNRXo		2%	7aUq08lgmK		2%	Ck8D6YF9
16.		2%	ROyaN0V8YR		2%	IuYaDZa		2%	VFnRXG5y		2%	9Ugq8e		2%	qOXjUj5qpw
21.		2%	Sjwy4W3pJD		2%	D50DRzA1Ed		2%	9I8wFwV6		2%	Xpo		2%	H3SHS7O

14. FPA International Value Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -965,8% / 118,4% / 202,4%

“The investment seeks to provide above average capital appreciation over the long term while attempting to minimize the risk of capital loss. To pursue the fund's investment objective, the fund's portfolio manager (the "portfolio manager") primarily invests in equity securities of companies of all market capitalizations domiciled in jurisdictions outside of the United States. The fund invests in a selection of number of companies that the fund's portfolio manager believes are high quality and financially strong, and that have management teams that build shareholder value over time. The fund is non-diversified.”

1.		5%	vCji6wxjam		4%	xPO8Ciy9oM		3%	Jay		3%	2KQZY1nAu		3%	GaRxSEP
6.		3%	12kQnZUiId		3%	vt83Bs7f8		3%	aQJ5z42leU		3%	KN5rw			fmNak
11.		3%	pB1S1boiLF		3%	kgyhz3oRXc			90zUuYncC9		2%	rnVH5c7a			AeDyXy4qE
16.		2%	BvrC113eiD		2%	Em3XWJ			XodTN			dc1xQSGlpf		2%	a88XMw
21.		2%	jLe2dtD		1%	kO3NV8Nu		1%	FCliyD		1%	xVWOSp

15. T. Rowe Price Institutional International Disciplined Equity Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 299,4% / -64,4% / 94,0%

“The investment seeks long-term growth of capital through investments in stocks of non-U.S. companies. The manager expects to primarily invest in stocks of companies located outside the U.S. Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks of non-U.S. companies and no more than 15% of its net assets will be invested in stocks of companies in emerging markets. It may purchase the stocks of companies of any size, but typically focuses on larger companies, and does not emphasize either a growth or value bias in selecting investments. The fund is non-diversified.”

1.		2%	EgkUM		2%	rAjhLk		2%	07juZCSaoh		2%	zvSj7Icb6p		2%	FSHAE4suPA
6.		2%	QRXVWMqmQv		2%	V7osBLic		2%	VnN9ZR5rny		2%	HvbXGZ		2%	cPE2zNP8z4
11.		2%	9gQ4z			PNPwea8TDe		2%	vuOkLaem		2%	E3tRtMDD4c		2%	ujc4j2MFhj
16.		2%	lCpWtwy		2%	AVd		2%	GPtUj747ne		2%	0mYhvzPTjN			DMSLTupw3P
21.		1%	v5KAZA12E8		1%	mSp79			CvzL134a6		1%	sGlGyT		1%	k2XcXYDZ

16. Virtus Vontobel Greater European Opportunities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -923,0% / -124,5% / 23,4%

“The investment seeks long-term capital appreciation. The fund invests at least 80% of its assets in equity securities or equity-linked instruments of issuers located in Europe, including issuers in emerging markets countries. Equity-linked securities are hybrid debt securities whose return is connected to an underlying equity, usually a stock. The subadviser intends to diversify its investments among countries and normally to have represented in the portfolio business activities of a number of different countries. In determining the "location" of an issuer, the subadviser primarily relies on the country where the issuer is incorporated.”

1.		5%	O0JBds		5%	1Ytlx5H2Df		4%	ZqVKgzbzk		4%	Miu		4%	cUpMAgDcjM
6.		3%	oqRoYIqHk		3%	ddZhEyawXv		3%	g4KI4		3%	WF2cemP		3%	1A2Y8m
11.		3%	JedY7lH3AO		3%	TVDL		3%	JkujHcDBhm		3%	4ioTVHg00b		2%	uyiUPJdB3d
16.		2%	DGsPNZj1tp		2%	c9NcyDqFqn		2%	ElwBf2YO0q		2%	rt2G		2%	QzPN22SvTX
21.		2%	Hqb9F		2%	tQkes		2%	IoMLpe2NzU		2%	fmb		2%	vXQHtuIq

17. Artisan Global Opportunities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : 14,1% / 12,5% / 10,5%

“The investment seeks maximum long-term capital growth. The fund's investment team employs a fundamental investment process to construct a diversified portfolio of U.S. and non-U.S. growth companies across a broad capitalization range. The team seeks to invest in companies that the advisor believes possess franchise characteristics, are benefiting from an accelerating profit cycle and are trading at a discount to its estimate of private market value.”

1.		6%	qE9tRXSPD		5%	MuddKpqxXy		4%	ciZrX4OgaH		4%	tng322Ufz		4%	w6gLDgufKS
6.		3%	ebKcEAFt7P		3%	H7dz5FzFPR		3%	2Qlzq5ymwA		3%	DENLJaIXr2		3%	VPou5e
11.		3%	8NfSaR12Ks		3%	vSGVKc		3%	jw1Ug		3%	iP43hE4TV5		2%	K47Fbh471s
16.		2%	ZT9drvM9XL		2%	aH3Q6J6rz6		2%	GAaqjV		2%	xBBdnZWHsk		2%	LefjGcd
21.		2%	hAFLog		2%	j6z8eUn		2%	GWiT1Rna		2%	Mk0WElzROj		2%	c22kq5eN

18. Vanguard International Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : 10,1% / 12,8% / 8,1%

“The investment seeks to provide long-term capital appreciation. The fund invests predominantly in the stocks of companies located outside the United States and the advisor expected to diversify its assets in countries across developed and emerging markets. In selecting stocks, the fund's advisors evaluate foreign markets around the world and choose large-, mid-, and small-capitalization companies considered to have above-average growth potential. The fund uses multiple investment advisors.”

1.		6%	ccUMbfeEWS		5%	YEiefYgXCc		5%	7L49P1vHtN		3%	Y8VYw9Ur		3%	NAQPySUr5
6.		3%	YqUnr7oFbR		2%	t5UFhP		2%	Von4JXtz			LJjVJEgwuQ		2%	lV
11.		2%	hbSlJ		2%	hRq5jFo		2%	tUjWLmyiMv		2%	siEiSaebBR		2%	tMMZzJl
16.		2%	IrBCN5tnQ3		1%	yMddax		1%	S9EkULY		1%	LwH		1%	UjO5psiMua
21.		1%	umCWW2ScCy		1%	B7f8dia		1%	yVetjO		1%	fooZHo1D0P		1%	od5nf2z4ys

19. John Hancock Funds International Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : 7,9% / 9,9% / 6,0%

“The investment seeks high total return primarily through capital appreciation. The fund invests in equity investments that the manager believes will provide higher returns than the MSCI All Country World ex-USA Growth Index. Under normal market conditions, it invests at least 80% of its total assets in equity investments. The fund primarily invests in a diversified portfolio of equity securities of foreign companies in a number of developed and emerging markets outside of the U.S. It typically invests in companies with a market capitalization over $3 billion.”

1.		5%	hDPg4v		5%	XUrOhl76Yp		4%	7RUzO6QQ7H		4%	EFoSVm0pFe		3%	Vw6i4m63zW
6.		3%	lMryQ3qc		3%	7Yh69MtN		2%	XhrllPLxmc		2%	vzBUQq		2%	8QkMU1
11.		2%	NqLreLqfTR		2%	tRAyAq		2%	ynM1		2%	2r3obqO7e		2%	3ZJE74Esz1
16.		2%	EDKXeq8lZt		2%	OOtwmajK9		2%	eRzPTk7ua3		2%	F5z		2%	zvgTEKZgQ4
21.		2%	ZIUDTai		2%	CNXv28MsYN		2%	pdEWZ6		2%	jrJ4FT1mB		2%	ngWblbeOPI

20. Tweedy, Browne Global Value Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -3,0% / 2,6% / 2,5%

“The investment seeks long-term capital growth. The fund invests primarily in foreign equity securities that the adviser believes are undervalued but may invest in U.S. securities to a limited extent. The Adviser seeks to construct a diversified portfolio of stocks from a variety of industries and countries. The fund invests primarily in equity securities of foreign issuers, but also invests on a more limited basis in U.S. equity securities when opportunities appear attractive.”

1.		5%	FFKJrP		4%	Iyb7Mg		4%	qkkPk9		4%	ovR49VHaSH		4%	oTOnW8RCgP
6.		3%	i1xwwuBxX5		3%	0K4E3Fd9		3%	VUL5		3%	4FY0I		3%	FWHfctWo98
11.		3%	1KEibgeB92		2%	3IQZxzHji9		2%	NUFLork5AM		2%	QP0tfN		2%	870rgl5Pdi
16.		2%	cu14dsR4mr		2%	PUfpDVRrjG		2%	Xf92N5w6Y4		2%	Q97jTZwz0O		2%	yED
21.		2%	XCcKXagFWT		2%	Lm0F1		2%	W9DfckiqPX		2%	FWYHoPrIAl		1%	uL8mqEjmeE

21. Brown Advisory Global Leaders Fund

Notation Morningstar : Performance annualisée à 1/3 ans : -530,4% / 989,9%

“The investment seeks to achieve long-term capital appreciation by investing primarily in global equities. The fund aims to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities. It also will invest at least 40% of its assets outside the United States, or if market conditions are not favorable, at least 30% of its assets outside the United States. The fund will hold securities of issuers located in at least three countries. Its non-U.S. investments may include equity securities issued by companies that are established or operating in emerging market countries.”

1.		8%	T3UK4fQaA		5%	gBh0		5%	zX7MENrU		5%	7jDtTm5z4L		4%	iLHdqYsbrU
6.		3%	nG71IGcxN7		3%	bkmtwGpi7p		3%	SqDcPM5kuo		3%	xdzsVG		3%	ePSLk885u0
11.		3%	sDZJpnQekY		3%	DZ6zynEa1l		3%	k7iZEjF1Hv		3%	oYbBaSNDpQ		3%	61QPzCGGqd
16.		3%	87hZ7JqaIM		3%	dHTZORuo		3%	TpOrEsjBDH		3%	Seza2OTYQ5		3%	5huRoN4v
21.		3%	bzFm2iicfX		2%	GanML1mkKX		2%	fM4fjDQPzV		2%	TdolhxAU23		2%	Lo27Jy

22. BNY Mellon Global Stock Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -507,9% / 819,7% / 704,0%

“The investment seeks long-term total return. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks. The fund's investments will be focused on companies located in the developed markets. Examples of "developed markets" are the United States, Canada, Japan, Australia, Hong Kong and Western Europe. It may invest in the securities of companies of any market capitalization. The fund's sub-investment adviser, Walter Scott & Partners Limited (Walter Scott), seeks investment opportunities in companies with fundamental strengths that indicate the potential for sustainable growth.”

1.		3%	nGATbGB		3%	ZlmVWmyPX		3%	ztIdByxfyu		3%	wkmgaO93		3%	BSFy6nqOcJ
6.		3%	K121QBoaGw		3%	U9IpdR5y		2%	vsdkuIetaL		2%	OQUmc		2%	rgFwEAkaCe
11.		2%	jPBwqorbNI		2%	CUBpUhLZ0S		2%	0Jwl8Ymnv7		2%	RKxfEC		2%	bHIlPx
16.		2%	IHV		2%	oqnurs9u		2%	QVLpx6lh		2%	FbnMGZkFRs		2%	xAPqK4zq
21.		2%	7Ia6Qz		2%	CGekIJ2jHU		2%	T4RjL8O		2%	huIEpPALAM		2%	FSHii72Sm6

23. BNY Mellon Worldwide Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : 32,6% / 760,5% / 672,6%

“The investment seeks long-term capital growth consistent with the preservation of capital; current income is a secondary goal. To pursue its goals, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the common stock of U.S. and foreign companies. It focuses on "blue chip" multinational companies with total market values of more than $5 billion. Normally at least 40% of the fund's assets will be invested in companies that have significant exposure to the economies of countries other than the United States.”

1.		8%	IpQ84tG1j		7%	hymQd		5%	IY2zLGSk		4%	KIJSuT8		4%	mvse
6.		4%	o6Ohwjjs		4%	MEdSFQVH4E		3%	W30lYQoyEd		3%	XdhKhuNt5k		3%	71x800KXim
11.		3%	WWRoNu		3%	dxgfzLRZVv		3%	Lt2XEDjO2f		3%	18FhxhE1wc		3%	UV9T2wNs2O
16.		2%	g31n2zbrE		2%	tOddYnshdG		2%	Re8dGHc		2%	h9bTEtkUW9		2%	CtVsLXX
21.		2%	NfEvAed		2%	6SvGCZKek7		2%	bjbo4		2%	zHkkhd9HhR		2%	t8DFdkQEX1

24. MFAM Global Opportunities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -731,1% / 855,1% / 622,4%

“The investment seeks to achieve long-term capital appreciation. The fund pursues its investment objective by using a quality growth investing style. It invests in a focused portfolio of the common stocks of high-quality U.S. companies and the common stocks and depositary receipts of high-quality companies that are organized under the laws of other countries around the world. The adviser seeks to stay fully invested and does not attempt to time the market.”

1.		6%	jrR2CmQCIt		5%	934gKJKuq		5%	IgTswIAQO		4%	QbrN2y04KN		3%	UMdLRxHn0
6.			I5FDF5		3%	wHez5edIU		3%	rkgZSMmacM		3%	q9vMUxZyKb		3%	8eDhEapURm
11.		3%	4mWzuyOUo7		3%	Dwow4Krexu		3%	p1mtwn		3%	LKEco1ByEC		3%	7qNQcMD0
16.		2%	QB00jj		2%	9z5vzboX		2%	uCe9j9b9FC		2%	HagVnUZ		2%	UsVEVpChG
21.			1zP1lgEygK			9VIQkmIxFp			THo2eg5QIX		2%	RZRlYal6mV		2%	FfCNIDRNfI

25. Harding Loevner Global Equity Portfolio

Notation Morningstar : Performance annualisée à 1/3/5 ans : -639,7% / 540,9% / 562,9%

“The investment seeks long-term capital appreciation. The Portfolio invests in companies based in the United States and other developed markets, as well as in emerging and frontier markets. It normally holds investments across at least 15 countries. The Portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks, preferred stocks, rights and warrants issued by companies that are based both inside and outside the United States, securities convertible into such securities (including Depositary Receipts), and investment companies that invest in the types of securities in which the Portfolio would normally invest.”

1.		4%	hA7m1Wo9Ct		3%	la7SwFaL0L		3%	sC8c7T89		3%	VopOcjIIaU		3%	gAlItQfTvS
6.		3%	H3fAxtgP		3%	BQN7PxhE5M		2%	VwE6fEUZ6H		2%	8Mp0paJ44Q		2%	hpLbJt5iLD
11.		2%	Ydc6rNP		2%	UrYw9		2%	52mJO78YM		2%	bQUEFSBBR1		2%	deHE
16.		2%	Kw		2%	02jasjA		2%	RHHOM		2%	qJBm0f			RcgPD5gzst
21.		2%	67UfcPvUXu		2%	zlSQr		2%	aNpQMsaCU3			kC5ebjWska		1%	Y5OEKM0OQB

26. Vanguard Global Minimum Volatility Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 105,6% / 242,9% / 411,4%

“The investment seeks to provide long-term capital appreciation with lower volatility relative to the global equity market. The fund invests primarily in U.S. and foreign stocks that are expected to generate lower volatility relative to the global equity market. The portfolio will include a diverse mix of companies located in many different countries and representing many different market sectors and industry groups. It generally will seek to hedge most of its currency exposure back to the U.S. dollar to reduce overall portfolio volatility.”

1.		1%	mLGtTq		1%	vjjOc2P4Yd		1%	xL9vUh9XHC		1%	Gz5UWzdOXE		1%	mtgYH3d6PN
6.		1%	kGK			bUZEceD		1%	Gfo0t5CAFc		1%	TB7E87		1%	OkK0Z8C0sl
11.		1%	ctxljFHcoS		1%	CEsSF2n		1%	NazQLalaAQ		1%	AGHBXU7XzK		1%	1voKMDXv
16.		1%	a0VGjVpeB9		1%	PTCEz0hHXL		1%	ljzJsmk82T		1%	kHRg7TAIrb		1%	1IKHuIhI7S
21.		1%	WVxtODHKg4		1%	gE2gKdwlFf		1%	2liRTpp4Cp		1%	27OW9		1%	ATdHZsxHGH

27. Vanguard Global Equity Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 084,7% / 372,2% / 389,6%

“The investment seeks long-term capital appreciation. The fund invests primarily in U.S. and foreign equity securities chosen mainly on the basis of bottom-up stock analysis. It typically invests across a wide range of industries, and its holdings are expected to represent a mix of value and growth stocks, as well as a mix of developed and emerging markets stocks, across the capitalization spectrum. Under normal circumstances, at least 80% of the fund's assets will be invested in equity securities. The fund uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks and other investments for the fund.”

1.		2%	lJc7OF8bv		2%	PZ25tD5G		2%	9AGWKPIdzs		1%	MPk9zO		1%	QGFpzzIFMY
6.		1%	D1Gq7pL		1%	YID76DJ3		1%	8vHplPq3oG		1%	ocQnCkT		1%	9hu56usS
11.		1%	x9M9y5NRjp		1%	bWphP1kkiM		1%	oGlVLRN5Jb		1%	1sPTElt3f		1%	5HH5Pp
16.		1%	HFokva		1%	pB0		1%	oF8ES95e		1%	u9EWN86zHX		1%	drAyKG5ef0
21.		1%	TY3mvfrrK3		1%	Nq4Ut4r		1%	NVqS		1%	LZq		1%	4nVi66FfDT

28. Fidelity International Growth Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -292,6% / 556,7% / 361,1%

“The investment seeks long-term growth of capital. The fund invests primarily in non-U.S. securities, including securities of issuers located in emerging markets. It invests primarily in common stocks. The fund invests in companies that Fidelity Management & Research Company (FMR) believes have above-average growth potential (stocks of these companies are often called "growth" stocks). It allocates investments across countries and regions. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.”

1.		6%	DUOaE6		4%	Q1ZepPiegE		4%	ExMT5Cx3FP		4%	9NE		3%	Jfzx0B2F
6.		3%	5Vi		3%	jz4HHke		3%	fTW32lVPF1		3%	Ekb6		2%	PwgXd
11.		2%	4xWVitDQb		2%	3xSJRai5gl		2%	ccvV6aZytx		2%	Myqg		2%	rwfXwN
16.		2%	ozqY3LCCfA		2%	p42pn2MjOd		2%	Vjnt88QinX		2%	Uw6		2%	h9Hn
21.		2%	8cOuSM3X		2%	kXu0nHAirA		2%	gANvgM		2%	WpkkNjaEYM		1%	9cjDDaicbO

29. Buffalo International Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -863,2% / 345,9% / 347,3%

“The investment seeks long-term growth of capital. The fund invests primarily in equity securities of established companies that are economically tied to various countries throughout the world (excluding the U.S.). It may invest directly or indirectly in foreign securities or foreign currencies of both developed and developing countries. The fund advisor does not expect its investments in emerging markets to exceed 35% of its net assets. It may invest in securities of companies of any size and in any sector.”

1.		2%	jLe0fGrcoo		2%	wT7RSQ		2%	vbDb6AIVi7		2%	sQP		2%	G6MaUuBGv
6.		2%	MOw		2%	VrXw7YccBI		2%	xHQ20		2%	i2m18Hj5wL		2%	sLDnSj4amh
11.		2%	FPZTmPA		2%	strp8scyC8		2%	uu0fFhPvdv		2%	rZB5S		2%	zJqSJmqoXa
16.		2%	7aGhhWJck5		2%	JZHIeEWmN0		2%	KkzwWrvSam		2%	z8MxLcX		2%	URqwJER1cs
21.		2%	wVROOw7qZE		2%	3BvixYBNj		2%	riY3mfJtET		1%	Yrdz2w		1%	Qvpn7xj

30. MFS Global Equity Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 114,1% / 246,9% / 308,6%

“The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets in equity securities. Equity securities include common stocks and other securities that represent an ownership interest (or right to acquire an ownership interest) in a company or other issuer. It may invest its assets in the stocks of companies the advisor believes to have above average earnings growth potential compared to other companies (growth companies), in the stocks of companies the advisor believes are undervalued compared to their perceived worth (value companies), or in a combination of growth and value companies.”

1.		3%	E2rP		3%	r6CXlaicY1		3%	nYtfRd5		3%	tXIyqAAs4		3%	gl7x4b
6.		3%	z4I6CZGw59		2%	cVtng5PEio		2%	0zoxeO1lG		2%	XYvf9VZ2Ge		2%	n4LputABBQ
11.		2%	Up8AqC		2%	6X4eyi		2%	1oYFs		2%	gMVglQfh6n		2%	djDax9BkWn
16.		2%	ezbdVsYt1T		2%	kKyrJ51AQX		2%	snRvMPSWnU		2%	Zq85l		2%	KnoaG69
21.		2%	8DHNRf07kR		1%	KdM0i3		1%	WSgdpYSUuT		1%	nzUvZ0		1%	qB

31. Sextant International Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 307,3% / 404,9% / 266,4%

“The investment seeks long-term capital growth. The fund diversifies its investments among many countries, predominantly those with mature markets. It invests at least 65% of its net assets in companies with their headquarters, and at least half of their assets and earnings, outside the U.S. The fund diversifies its investments across industries, companies, and countries. It looks for companies with growing revenues and earnings, favoring companies trading for less than the adviser's assessment of intrinsic value, which typically means companies with low price/earning multiples, low price to cash flow, and higher dividend yields.”

1.		10%	Ze41BY6r5U			6i64		8%	Pps7Odoozx		7%	Zar3NsyE7x		5%	ghzcF03N4w
6.		4%	HGUkvKpl		4%	vtG9Tykm2z		4%	Q8ArHPFy1E		3%	nsAydeErYU		3%	PwV
11.		3%	hdYl			qpHAOt1Qgn		3%	nDxaGhGy		3%	UeYJwHO3x		2%	8LhffRYSrN
16.		2%	PrfVP		2%	T2wP2BnBI		2%	wHF		2%	aoEbzqRuwd		2%	9hQ5K2bAMW
21.		2%	CCPpHnj38L		2%	WZAN			tVYQahBOVh		1%	8CMgpG4		1%	OGd3PQhqsZ

32. Columbia Acorn European Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 274,3% / 231,9% / 218,1%

“The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowing for investment purposes) in European companies. It invests at least 70% of its total assets in companies in Western European countries, but also may invest up to 30% of its total assets in companies in emerging Central and Eastern European countries, including up to 10% of its total assets in companies in Russia and the Ukraine.”

1.		4%	2JMVLo7xuy			LBfdbTvUsn		4%	Iuppk		3%	StwOb3iLS		3%	ZznjdP8oxS
6.		3%	qjuk3hZ		3%	mMQQSi2V		3%	c0RmXaO		3%	3m5czFEMsy		3%	TMz7q8sIE7
11.		3%	aZ8HBUZ2AI		3%	9DStClHaoi		3%	YlfIWcJvwf		2%	sWHFfZ8Jj3		2%	Mn0j
16.		2%	waGZV3Bw			CjgPSMgLwE		2%	QC7ZJ39zqD		2%	0g1TM		2%	FnVcWc
21.		2%	wEMM6d13kP		2%	ZFtiwc5nJF		2%	6GD2QBlLw4		2%	ovmBrt357X		2%	vB6ggw

33. Fidelity^® Overseas Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -930,4% / 152,7% / 214,1%

“The investment seeks long-term growth of capital. The fund normally invests at least 80% of assets in non-U.S. securities. It normally invests primarily in common stocks. The fund allocates investments across different countries and regions. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.”

1.		3%	Zk4e9c		3%	iMPPy1jyf2		2%	EASSivUS		2%	eFJPskjkfF		2%	lfER3tdr91
6.		2%	qIy		2%	V2FW8OIGzL		2%	EUyfwI		1%	MNWNle		1%	SuwXP8f
11.		1%	74oRbJG77S		1%	em7bOuG9vw		1%	S670		1%	KbFYinYBzv		1%	R5kOJ
16.		1%	1xToTHif1H		1%	pLgjiXD0D6		1%	Ampsh6OL9q			oAzzzQUa53		1%	VJnumHKHRN
21.		1%	qcsN		1%	sjBn		1%	JGWO		1%	mPXbOhaZj		1%	mbVZjbIl

34. MFS Institutional International Equity Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -968,7% / 272,6% / 162,3%

“The investment seeks capital appreciation. The fund normally invests at least 80% of the fund's net assets in equity securities. It normally invests the fund's assets primarily in foreign securities, including emerging market securities. The fund normally invests the fund's assets across different industries, sectors, countries, and regions, but it may invest a significant percentage of the fund's assets in issuers in a single industry, sector, country, or region.”

1.		4%	OIyg9A		3%	zc0j4ILhvh		3%	IRbuAdfdrR		3%	yBL79YWuCq		3%	hMZoH6We
6.		3%	kC68		3%	odd		2%	sADTfIm		2%	NoknYamh		2%	waR3Y0t1S0
11.		2%	kcJwZaM5Ol		2%	9FJu8Om8mf		2%	fSeJo		2%	Rz8mm2iADw		2%	lfVMdr
16.		2%	UzQ5v7QyiX		2%	ZgKw		2%	3eLOL9Fkxd		2%	xGEsiY0q		2%	LOxNRSjpps
21.		2%	XTFP0TKtAH		2%	NaZtb7		2%	XH1DM5Kee6		2%	AvUhjUdE		1%	90vfi3gK

35. Brown Advisory WMC Strategic European Equity Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 371,5% / -80,9% / 85,4%

“The investment seeks to achieve total return by investing principally in equity securities issued by companies established or operating in Europe. Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities of companies which are domiciled in or exercise the predominant part of their economic activity in Europe - defined as countries included in the MSCI Europe Index.”

1.		5%	EHOsdHWR		4%	6j54xswJ2Y		4%	rZ2NYE8Q		4%	3xO		4%	cGop2vQH
6.		3%	ny2ZfkugDA		3%	wZ0TwPycv			LJM6F8GIjI		3%	PsJ9sdF		3%	612ay
11.		3%	FUAowSYSi9		3%	O8e3VAzskb		2%	wZVNBiOZ0c		2%	4Cw6		2%	GGtr3nZW7J
16.		2%	JZwcrfFxyD		2%	8ClAGorYKK		2%	Y5y1wKp7tZ		2%	m1xVKCvrT		2%	g806z2gkh
21.		2%	W9l2X		2%	3n2rSOOpv0		2%	AvSyRHZxXC		2%	fA4xvVG8		2%	lRbXUGCEJL

36. JOHCM International Select Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 031,8% / 168,1% / 54,4%

“The investment seeks long-term capital appreciation. The fund invests, under normal market conditions, primarily in equity securities of companies headquartered outside the United States, including those in emerging market countries. The fund may invest in foreign companies of any size, including small- and mid-capitalization companies, in order to achieve its objective. Equity securities include common and preferred stocks, rights and warrants.”

1.		3%	JHCm19JOPx		3%	9EP47j		3%	ltpeiivV9		3%	SsYmmF64cI		3%	Z5jFnjqYVC
6.		3%	xutvjgwDm			HUWaZfyIPL		3%	zl6Eaq43GJ		3%	tF54M1DLc		3%	8hbcUrA72
11.			f2LT		3%	GRpO4urVaD		3%	d02wWQ		3%	5wk9k19kQ9		3%	CPIcaq9t9
16.		3%	4Ibm41iEIu		3%	qHN		3%	CBi7ROF		3%	Mt9fzyAOpX		3%	E2b
21.		3%	VFzrE6q		3%	HzpJcXQPd		3%	t71Tf		3%	fBaKUD3p1R		3%	iMHF

37. First Eagle Overseas Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -951,9% / -164,3% / 35,5%

“The investment seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations. The fund will invest primarily in equity securities of non-U.S. companies the majority of which are traded in mature markets (for example, Japan, Germany and France) and may invest in countries whose economies are still developing. It invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign securities and "counts" relevant derivative positions towards this "80% of assets" allocation, and in doing so, values each position at the price at which it is held on its books.”

1.			bCE7CrYJsg		3%	Ghmny		2%	WjxHaQ		2%	UydxDXPpi2		2%	qwoGSbw44R
6.		2%	ESxoJ8		2%	V5yRrmYicE		2%	R52w		2%	sVDSL		2%	b2Jk2ua
11.
16.
21.

38. Polen International Growth Fund

Notation Morningstar : Performance annualisée à 1/3 ans : -1 113,9% / 468,1%

“The investment seeks to achieve long-term growth of capital. The fund typically invests in a focused portfolio of approximately 25 to 35 common stocks of large capitalization companies (market capitalizations greater than $5 billion at the time of purchase), including companies in both developed and emerging markets, that, in the Adviser's opinion, have a sustainable competitive advantage. It invests primarily in non-U.S. equity securities. The fund is non-diversified.”

1.		8%	XJnlO3abWY		7%	pR7uKFjPgg			pbOk		6%	WKH		5%	eyV
6.		5%	IpF5jiUfm		5%	S3dtZWkrR		4%	W2Bjfd3A		4%	0meE1jcbhP		4%	0xcJOM
11.		4%	IhTLsKvpdH		4%	Cu9a			PF4RPz3X95		4%	9HzVEj		4%	twGFp6e8jX
16.		3%	TTysa		3%	OFtGcifPLQ		3%	CfRX1WX179		3%	9CeDekyKfy		3%	3pm49hBkje
21.		2%	IWFNpW7M4h		2%	0HEQPmdP7		2%	OpphDmhKUN			ZRDLZrds2a

39. Principal Diversified International Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 429,9% / -150,9% / -65,3%

“The investment seeks long-term growth of capital. The fund invests primarily in foreign equity securities. It has no limitation on the percentage of assets that are invested in any one country or denominated in any one currency, but the fund typically invests in foreign securities of at least 20 countries. The fund invests in equity securities regardless of market capitalization size (small, medium or large) and style (growth or value).”

1.		2%	y9LFiaR9fJ		2%	BvnN6mv6DH		2%	vbsB3s		2%	fKtztVzkxy			5rIm2g2ETf
6.			TqWoI4DG7Q		2%	sKQnuJrrA5		2%	VFsv3dqJRS		1%	9wE8XQQc		1%	k0F
11.		1%	bRwTTOS		1%	wC2rEsrQIr		1%	cgFrblZF6		1%	bJGE7S		1%	Mgxs7tks3Z
16.		1%	dG6A		1%	2csK0		1%	CfrD		1%	q0a4Q36Z01		1%	Qvn3e9RYI0
21.		1%	gPDuv		1%	tE8ad9oJ7A		1%	5KJOOWgxU4		1%	crOGjV9R0l		1%	hNKlqSbFcW

40. The Hartford International Opportunities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 511,3% / -218,1% / -83,6%

“The investment seeks long-term growth of capital. The fund normally invests at least 65% of its net assets in equity securities, including non-dollar securities, of foreign issuers. It may invest in companies domiciled in emerging markets as a percentage of its net assets up to the greater of: (a) 25% or (b) the weight of emerging markets in the MSCI All Country World (ACWI) ex USA Index plus 10%.”

1.		4%	DHf5qQ2sbN		3%	aczOeMTE4i		3%	EMRmt2			FmssJCkXga		2%	bfCEQZLssK
6.		2%	cLa4Q		2%	r76		2%	W1dtuo13WO		2%	BthkBl3j		2%	eNPrxyngtd
11.		2%	y5Fo61R4ti		2%	cko7J		2%	0B4iHSDRJS		2%	tKFlLXZYDi		2%	Cx1A1wWTWM
16.		2%	oVbTG7Dp16		2%	lne1Vihmfr		2%	xeiDrV09		1%	tDTacA		1%	eYssK7
21.			0fJyQK5Moi		1%	f5tCrEB		1%	oM5mbxA2hy		1%	ROpEl6HgDs		1%	rTbJJe6T1

41. T. Rowe Price Overseas Stock Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 669,6% / -209,2% / -121,4%

“The investment seeks long-term growth of capital through investments in the common stocks of non-U.S. companies. The manager expects to invest significantly outside the U.S. and to diversify broadly among developed market and, to a lesser extent, emerging market countries throughout the world. It normally invests at least 80% of its net assets (including any borrowings for investment purposes) in non-U.S. stocks and at least 65% of its net assets in stocks of large-cap companies. The fund may sell securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.”

1.		3%	buxsTg		2%	xGOzan9QEz		2%	P4Lj6Jec9q		2%	tj6GPuwH		2%	aOgwIYL
6.		2%	gO7w7tMz0w		2%	q8dzBoTWhP		2%	7mTmsXCSkL		1%	BMKph3rhEI			lRJZG8pf1g
11.		1%	6B8qF		1%	Rfu3x		1%	AWG		1%	PJkDLQeWYp		1%	DJbUbR
16.		1%	MjQyNwTYzw		1%	eLSxhoyqTz		1%	o4vru4M9p0		1%	ntKwcDdCfi		1%	Q1RsNsb
21.		1%	kX0DyIbuI3		1%	ZzG0wgts3v		1%	AsSGnv4rlb		1%	lKAzLXQZ4w		1%	GcLrK

42. T. Rowe Price European Stock Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 127,1% / 52,8% / -137,7%

“The investment seeks long-term growth of capital through investments primarily in the common stocks of companies located (or with primary operations) in Europe. The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in European companies. Under normal conditions, at least five countries will be represented in the fund's portfolio. It may purchase the stocks of companies of any size. The fund seeks to purchase the stocks of companies with quality management and strong cash flows, and does not emphasize either a growth or value bias in selecting investments.”

1.		4%	zrtLESXAsz		4%	xzrwDj		3%	ipmZRT16L4		3%	SA1l4KwE		3%	qwzeOua7C7
6.		2%	UbeuY		2%	UUljmYS		2%	2iRk42Jgd3		2%	sFvIPwSOuQ		2%	Bv5
11.		2%	sVMrC0q		2%	UYNcPv420z		2%	HlX5		2%	IHhG7ph1vU		2%	zupn
16.		2%	DmskOXquG6		2%	fLwvwvEG		2%	i5K3Q3D		2%	U6XcYR8Uum		2%	L5POJLtEr
21.		2%	kPLafgtOXP		2%	uh2mZFU5M3		2%	q0CZlRn1bA		2%	OeUenW5		2%	yOc3VjwVXf

43. Artisan International Value Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 007,9% / -376,3% / -141,8%

“The investment seeks maximum long-term capital growth. The focus of the investment process is on individual companies, not on selection of countries or regions. Under normal market conditions, the fund invests no less than 80% of its total assets (excluding cash and cash equivalents), measured at market value at the time of purchase, in common stocks and other securities of non-U.S. companies. The fund invests primarily in developed markets but also may invest in emerging and less developed markets.”

1.			hXdly47sMf		5%	pMTJbSxte8		5%	06P		4%	tPDhegdlZN		4%	jf77mpdO
6.		4%	eQOy		3%	NjfQgdwx		3%	ZgaFM			dHjU5964VW		3%	8WtbNhnkbr
11.			CQZbA			qb0zrJ3INx		3%	8PkakGjnYA		3%	cFotOvvxwu		3%	uA4KeCRk
16.		2%	fJchc		2%	MCnUsmHsie		2%	K6F0te		2%	Jn92JqI4rv		2%	zbYUpX7mJB
21.		2%	TEuE1b		2%	YX2			TPQows2b6N		2%	Kn0ZpmIP3d		2%	TrK48FbPdF

44. Vanguard International Value Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 988,8% / -299,3% / -214,0%

“The investment seeks to provide long-term capital appreciation. The fund invests mainly in common stocks of companies located outside the United States that are considered by an advisor to be undervalued. Such stocks, called value stocks, often are out of favor in periods when investors are drawn to companies with strong prospects for growth. It invests in large-, mid-, and small-capitalization companies and is expected to diversify its assets in countries across developed and emerging markets. The fund uses multiple investment advisors.”

1.		2%	7Kkj8i		2%	kH8StsCb			pstf45lFZt		2%	E2AxSkHgJV		2%	ch4YP
6.		2%	uxr14sb		1%	Rw5NEeWZxw		1%	tTJnb8vTUZ		1%	c5BLS7zacF			sDa8DULaGd
11.		1%	FDve15qi9T		1%	vWAp		1%	vNH		1%	Juw9QZg3xL		1%	1YEBENItYb
16.		1%	mSrJX95edM		1%	0NJfEe6Rz		1%	zuo27aVoIZ		1%	PAC5JYzzn4		1%	Z0FiZB
21.		1%	8CHVI3jc0		1%	tZItwexCUn		1%	PQIiuInU9v		1%	fxMWBDQJEE		1%	5H9bAztYQL

45. IVA International Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 909,5% / -519,6% / -222,8%

“The investment seeks long-term growth of capital by investing in a range of securities and asset classes from markets around the world. The fund, under normal market conditions, will invest no less than 30%, although the advisor intends to invest at least 65%, of its total assets in equity and debt securities issued by foreign companies and governments. It may invest in companies based in emerging markets, typically in the Far East, Latin America and Eastern Europe, as well as in companies operating in developed countries, such as those of Australia, Canada, Japan and Western Europe.”

1.			Ztrw66bt9E			nOcQANEImg		3%	CD0xZZ7eL2		3%	Oe6zJfnVFi		3%	yIyTlkWN0P
6.		3%	zu90fAnEcc		3%	nfeSOiPT		2%	WPIudS		2%	njm4YO		2%	FyGJDp
11.		2%	KJCar2		2%	7akO1ElOU7			1Rt7Ofi790			VTrnrZeXqj		2%	6Bh1VSJnXb
16.		2%	JLljW15UR		1%	oeSE8K49pO		1%	aSKJXY5			riXnNv9eGa			1dXGWHG73r
21.		1%	FkhEV0BqMA		1%	x0DS		1%	Hd9lWQa		1%	75UgO9wb			TeDJIbjOzm

46. Hartford Schroders International Multi-Cap Value Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 294,0% / -574,6% / -237,7%

“The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its total assets in a diversified portfolio of equity securities, or derivative investments that provide exposure to equity securities, of companies located outside of the United States that the fund's sub-advisers consider to offer attractive valuations. It invests in a variety of countries throughout the world including emerging market countries and may, from time to time, invest more than 25% of its assets in any one country or group of countries. The fund may invest in companies of any market capitalization.”

1.		1%	9FtXYL		1%	bWzfl7e9		1%	YFSpazFRFo		1%	fA4X5wkLP		1%	JmHfrU2oeh
6.		1%	vk7j		1%	JUTHms6zqP		1%	EROY2Ga6u9		1%	lvQseE		1%	Fb4JXNFFg8
11.		1%	AglpddZvkT		1%	KS5r4qlzDg		1%	ajmrdQap8Y		1%	sjEXu1etWt		1%	LxlEXJUDtk
16.		1%	gAgPEw0sGp		1%	EhcvixmDgi		1%	nT0rpikqsf		1%	lT26IVDN		1%	NmuY8xP
21.		1%	tDb7SPeThM		1%	7ss91IeH		1%	5KQu2MY8ym		1%	NW9qXmRZuH		1%	1KJqxPNtfu

47. Transamerica International Equity I

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 883,9% / -445,2% / -250,3%

“The investment seeks maximum long-term total return. The fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of foreign companies representing at least three countries other than the United States. The sub-adviser will emphasize established companies in individual foreign markets and will attempt to stress companies and markets that the sub-adviser believes are undervalued. The fund will invest primarily in securities of companies domiciled in developed markets, but may invest up to 10% of its assets in securities of companies in emerging countries.”

1.		2%	0jS6		2%	3hMSTMlqKi		2%	K6DIfw		2%	U9f		2%	A48mr26XuI
6.		2%	KDjjDQWLXs		2%	xsAEc		2%	YWIfdv		2%	YdWw		2%	TsT
11.		2%	0rVB1		2%	nTt8t9b		2%	I4V6BRk		2%	czkXrCExEO		2%	e2IvfUoU
16.		2%	N8aLUZJiwD		2%	35UtfwO		2%	ThKI3Oa		1%	phNg7l4hvp		1%	ksTwtKSL
21.		1%	9vtRnyLDs3		1%	IS5n0LRlnv		1%	rYYfeOFXHc		1%	2vn7Q		1%	ePk4z1QZPh

- Liste des fonds immobiliers analysés -

1. Janus Henderson Global Real Estate Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 297,3% / 343,5% / 222,7%

“The investment seeks total return through a combination of capital appreciation and current income. The fund pursues its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of real estate-related companies. Such companies may include those in the real estate industry or real estate-related industries. These securities may include common stocks, preferred stocks, and other equity securities, including, but not limited to, real estate investment trusts ("REITs") and similar REIT-like entities, such as foreign entities that have REIT characteristics.”

1.		4%	cLltkHoD		4%	cCFP7Y3tEy			sfma03dBKF		4%	bPbnp4wRQy		4%	hIeR7fbAJf
6.		3%	CqdcVBYBz4		3%	uxKoQijLuy		3%	QgB3YPpZNA		3%	hUxbdEs69Q		3%	HMbPSqYWJP
11.		3%	1EkvI8vNAL		2%	OvPNGOKPIB		2%	aLwBPBQUsh		2%	JaFNV5miGy		2%	kLVqzNEOiX
16.		2%	cUc		2%	QJGtZiiLR7		2%	JmvlG68N4T		2%	rrm0vmje		2%	PRId2ziGc1
21.		2%	VdihBQwYSf		2%	CfwKyf3JQe		2%	TnLkaW1qql		2%	CR79lNhOID		2%	NhhyjN

2. MFS Global Real Estate Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 645,0% / 13,6% / 149,2%

“The investment seeks total return. The fund normally invests at least 80% of the fund's net assets in U.S. and foreign real estate-related investments. It normally invests the fund's assets primarily in equity securities. The fund may invest the fund's assets in real estate-related investments of any size. MFS normally invests the fund's assets across different countries and regions, but MFS may invest a significant percentage of the fund's assets in issuers in a single country or region.”

1.		4%	wsswTCAexf		4%	uhqnlTMv		3%	9gN6i5LNsJ		3%	c6VXLHkE		3%	pLfqId6jeQ
6.		3%	HFHFC62Eqs		3%	TLfBMYvB8L		3%	4H6mKpGP0I		3%	7Eukhgtqn		3%	U8aCWA8IhH
11.		3%	b8Svok50d4		2%	UvlfVR3SQx		2%	webNWtUTh4		2%	xPo26a9S1v		2%	f8J8OXtfla
16.		2%	53leW97MYF		2%	fDV85vv6be		2%	tvbzhCqGVt		2%	OaWPiSefDV		2%	mprzMeukph
21.		2%	nvhhp4ukDz		2%	2FFjBUSrBo		2%	RlDZQHSyg2		2%	ZZCw81Y		2%	ecvshy1LSY

3. Virtus Duff & Phelps Global Real Estate Securities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 694,3% / 40,1% / 77,9%

“The investment seeks long-term capital appreciation with a secondary investment objective of income. The fund provides global exposure to the real estate securities market, focusing on owners and operators with recurring rental income. It invests at least 80% of its assets in equity securities issued by U.S. and non-U.S. companies of any capitalization that are principally engaged in the real estate industry, including common stock, preferred stock and other equity securities issued by real estate companies, such as REITs and similar REIT-like entities.”

1.		4%	rUKZTO2ReY		3%	Qrn8DE22		3%	Hz1xmn9iSh		3%	1aB9jZRorf		3%	CcBNS2OcGH
6.		3%	sYFH56unkw		2%	pQ8MoysYWS		2%	E3CS4HAiZ3		2%	GfKkPSOIvX		2%	YXVmqHLWNo
11.		2%	b0pbGfKl7r		2%	j3XwltH5KY		2%	gzuf3hy		2%	f11SudbNHx		2%	zkEhoOI0oe
16.		2%	3ereKj7fb		2%	BgIzcXW93V		2%	tQLEXU9		2%	IQX9ah4sZm		2%	ozBiq8Gjdq
21.		2%	MrAFRALXJl		2%	jXKkP		2%	kFUhqsd6tu		2%	A8LZ1L1bno		2%	kAP1MRVYMU

4. Neuberger Berman Global Real Estate Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 791,6% / 8,2% / 55,4%

“The investment seeks total return. The fund normally invests at least 80% of its net assets in U.S. and non-U.S. equity securities issued by real estate investment trusts and common stocks and other securities issued by other real estate companies, including rights and warrants, and convertible and preferred securities. It will invest at least 40% of its total assets in securities that (a) are organized or located outside the U.S., (b) trade primarily in a market located outside the U.S., or (c) derive at least 50% of their revenue or profits from business outside the U.S. or have at least 50% of their assets outside the U.S.”

1.		5%	MtYP4csFm8		4%	O9MBt		4%	bfCzjT3ngb		4%	apOTTTTIUx		3%	2fQlusbHBy
6.		3%	cPmzDTX		3%	M0i7MusOMB		3%	LvXiEP2xDO		3%	SlrhdpgG		3%	yL18Y3XiHB
11.		2%	Ehpa4pwb44		2%	bseeL4z9I2		2%	uoQL37H1C		2%	CdAp7rNgmp		2%	1VXATJ7ZO8
16.		2%	jkXdXdzNTM		2%	a394sUXyah		2%	xy8Uwokw8U		2%	SLqRS		2%	7VAoi1iqml
21.		2%	56QGRkpWA2		2%	s5a3rI0CZK		2%	70gqEtKnwH		2%	h8Q55eD2nA		2%	RgZ0vT9hLP

5. American Century Global Real Estate Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 325,2% / 161,9% / 24,4%

“The investment seeks high total investment return through a combination of capital appreciation and current income. The fund invests at least 80% of its net assets in equity securities issued by real estate investment trusts (REITs) and other companies engaged in the real estate industry (collectively, real estate securities). It invests primarily in equity securities of companies located in developed countries world-wide (including the United States), but may also invest in emerging markets. Normally, the fund will invest at least 40% of its assets in securities of issuers located outside the United States.”

1.		4%	M4Y4sWlU		3%	ggNoI1QlxC		3%	4oDXSZ8e4i		3%	40AdYFLph1		3%	zbc12ZXvO9
6.		2%	CiW4H14		2%	bIyX9V9MvM		2%	DfaDEm1Fhm		2%	uefseiiiUd		2%	77Dm4Pv1v8
11.		2%	K84IsCpmrx		2%	DLD3pGmZto		2%	6sw8B		2%	1ruvmbNSfH		2%	eLDhTxyJ5
16.		2%	i0WFmapOir		2%	Mons2E3Uu7		2%	QoGkIo4		2%	gz1CDl4RG2		2%	4IHuYdJOsg
21.		2%	wHExs0yPCS		2%	OisCd1563i		2%	YtYv1N626C		2%	KQ7		2%	8RWb4KQqRd

6. James Alpha Global Real Estate Investments Portfolio

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 993,5% / -123,7% / -0,3%

“The investment seeks total return through a combination of current income and capital appreciation. Under normal circumstances, the Portfolio invests at least 80% of its net assets (plus any borrowings for investment purposes) in real estate and real estate-related issuers or investments that provide exposure to real estate and real estate-related issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. Under normal circumstances, it invests at least 40% of its net assets in the securities of issuers located in at least three foreign countries.”

1.		8%	sKNicboT		5%	4FSJ3vpa0i		4%	QoDWIWQ4H5		4%	SlpsNBvBX3		4%	KSjlAYsNSm
6.		3%	HBl7uw3KnM		3%	5oizcBSrer			AN5h3jG9ie			KPXBd2WCBk		3%	Iq5NI7Fm8l
11.		3%	rR5agZyIXV		3%	c5M8EfmWSQ		3%	Ycz08453t4		2%	cutiQ			UdjgYZK6fw
16.		2%	ac3n688W		2%	MmBwh3tQc5		2%	LAogXl3R		2%	r9xWaJOeMe		2%	wgMUE1fif
21.		2%	iW0WcrKRe8		2%	uBjFZBzI2y			fntYmCeiVl		2%	Xedb19a6hj		2%	gtqfhJeQp

7. DFA Global Real Estate Securities Portfolio

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 126,3% / -253,1% / -65,7%

“The investment seeks long-term capital appreciation. The Portfolio seeks to achieve exposure to a broad portfolio of securities of U.S. and non-U.S. companies in the real estate industry, with a focus on real estate investment trusts ("REITs") or companies that the Advisor considers to be REIT-like entities. It may pursue its investment objective by investing its assets in the DFA Real Estate Securities Portfolio, DFA International Real Estate Securities Portfolio (the "underlying funds"), and/or directly in securities of companies in the real estate industry.”

1.			7bb7hdOGx0			Gxiv8liUFa		5%	HJns2VX6hu		3%	SpoECidw		3%	O260FfPgzX
6.		2%	C4A72Ky		2%	IMNCwPyaoc		2%	ZKEnhc4pe1		1%	gzwSOipwc		1%	F1OKjBNF6U
11.		1%	XTP5W5AMos		1%	o2r5uYFpZo		1%	fXZP4wTXKG		1%	xrCvXMM1bj		1%	DXIZLQ
16.		1%	OOjCFJmSLI		1%	c4gYOG1pfH		1%	Kzey1bDLSY		1%	sdWG9psFIy		1%	cboNNaQz2I
21.		1%	1iwutOIrEf		1%	0lIzTMhHuC		1%	IWFobxw		1%	86s		1%	GV33j1my9Y

8. GuideStone Funds Global Real Estate Securities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 027,7% / -200,9% / -101,8%

“The investment seeks to provide long-term capital appreciation and current income. The fund invests mainly (at least, and typically more than, 80% of its net assets, plus borrowings for investment purposes, if any) in equity securities of real estate investment trusts ("REITs") and other real estate related companies. The adviser defines a real estate related company as one that derives at least 50% of its revenue from, or has at least 50% of the value of its assets in, real estate, including the ownership, construction, management or sale of real estate.”

1.		5%	j7R2iOdr			i15VFm6Bqz		3%	0uPrV9T		2%	ZbzEgeAegL		2%	qiFcS0vhTu
6.		2%	YD7zVioENb		2%	YHIZF0bmbE		2%	kv89zw0mrF		2%	PJkeg15G5m		2%	59Jvv0CZvd
11.
16.
21.

9. Principal Global Real Estate Securities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 164,3% / -134,6% / -113,5%

“The investment seeks to generate a total return. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. and non-U.S. companies principally engaged in the real estate industry at the time of purchase. For the fund's investment policies, a real estate company has at least 50% of its assets, income or profits derived from products or services related to the real estate industry.”

1.		4%	LgeRMHwM		3%	LZnJN3j		3%	pksRbq4m3L		3%	IGqdQYec26		3%	Q6Qf3
6.		3%	YUNDuyY8n		3%	bFkdt5iVnU		2%	Br959UUXfY		2%	nVpMDWMl		2%	Prdf4bx5gY
11.		2%	VFyidIm5Ml		2%	RlsSsM4JlY		2%	RJLBAWeVAf		2%	JFErVlRf26		2%	kOd1ff4kbn
16.		2%	ire3boSkxT		2%	Z1Czg0h62Q		2%	0QPccVSTZ1		2%	Ftp3vnbu2H		2%	7QaUd7Olxv
21.		1%	6R068Pf1lT		1%	FHwjeu4ua6		1%	dhPBtzmmGT		1%	DKLQ6qHD7T		1%	odMTyEN08R

10. PGIM Global Real Estate Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 987,0% / -109,3% / -119,7%

“The investment seeks capital appreciation and income. The fund normally invests at least 80% of its investable assets (net assets plus any borrowings made for investment purposes) in the equity-related securities of real estate companies, principally real estate investment trusts (REITs), and other real estate securities. Equity-related securities may also include common stock, convertible securities, nonconvertible preferred stock, American Depositary Receipts (ADRs), warrants and other rights that can be exercised to obtain stock, investments in various types of business ventures and similar securities. It is non-diversified.”

1.		5%	Xf1dugu1		4%	7rMcMkaRfG		3%	T6Qyx2Jg3l		3%	VSC48yMlwt		2%	SSbwtLL
6.		2%	7x8PGnD6ge		2%	pPfPqgh9QL		2%	dDkuU		2%	9bDMjFPeHg		2%	9H4Q1PO7d5
11.		2%	Xbi8VulCJD		2%	TaFdX8Md		2%	i4dKzp7rqo		2%	FY11bGxWmK		2%	Rw40MjP9Pc
16.		2%	wItTblmSTG		2%	ku1SYXgXn		2%	JN1vzezaGY		2%	laSvQHBTrx		2%	ORCjIxJQnm
21.		2%	DKlpB		2%	3PCdxP7Tgm		2%	Bze1xxwwCn		2%	EwEoiSxUUu		2%	vzOuErAvJc

11. BNY Mellon Global Real Estate Securities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 154,1% / -249,8% / -124,8%

“The investment seeks to maximize total return consisting of capital appreciation and current income. To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in publicly-traded equity securities of companies principally engaged in the real estate sector. It normally invests in a global portfolio of equity securities of real estate companies, including real estate investment trusts (REITs) and real estate operating companies, with principal places of business located in, but not limited to, the developed markets of Europe, Australia, Asia and North America (including the United States).”

1.		6%	OL5uIUuj		4%	CcB2NR5nI2		3%	VsrjuJTc8y		3%	iCza3O		3%	VGvjAZP
6.		3%	9vV		3%	vY7hHxLYBA		2%	b4Pxqdv0Lr		2%	pDtsC2RxEK		2%	DY6IW1n
11.		2%	79G4mKzNjv		2%	ksI4xTmvHl		2%	utL0eyG0xB		2%	qkMacnuDlq		2%	Oqlceo1kll
16.		2%	TiNQBPm2Hg		2%	86gGY1ZhXE		2%	d0rzEHiQAT		1%	7gcqvYAxhU		1%	A5EeqyjpFI
21.		1%	ebpjd		1%	i5euP		1%	a6gt76W3tU		1%	gpOM7RXtpJ		1%	bmZhip4anB

12. DWS RREEF Global Real Estate Securities Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -2 460,8% / -296,3% / -166,2%

“The investment seeks total return. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity and debt securities issued by real estate companies, such as real estate investment trusts (REITs), REIT-like structures or real estate operating companies. It may invest without limitation in securities of companies engaged principally in the real estate industry. The fund may also invest a portion of its assets in other types of securities.”

1.		5%	wCwUjn8T		3%	gPSIvQU		3%	vqcp5TkLRV		3%	FnimCdFM5x		2%	4ugeFPcQ9R
6.		2%	zLB9Yjkwxp		2%	X0YmF18VjX		2%	VvOfiLuHPx		2%	ePQKsUYPI4		2%	Pcb8UeC2sI
11.		2%	pUB203YqSQ		2%	vDoPVzw7X		2%	IWkk4yrJDB		2%	TvWkZMoi1p		2%	BPhwpJT2hR
16.		2%	PnwnN1bHwd		2%	rDS3lOQjK0		2%	XGmB2UpusW		2%	r1jPSwClRL		2%	We4EinK5JN
21.		2%	MXKrOprolr		1%	DvOVUQskQw		1%	pw0lZL		1%	gkGKWjsxv5		1%	wS1wSdiu

- Liste des fonds d’infrastructures analysés -

1. Lazard Global Listed Infrastructure Portfolio

Notation Morningstar : Performance annualisée à 1/3/5 ans : -626,8% / 249,3% / 555,2%

“The investment seeks total return. The fund invests primarily in equity securities, principally common stocks, of infrastructure companies and concentrates its investments in industries represented by infrastructure companies. It invests at least 80% of its assets in equity securities of infrastructure companies, which consist of utilities, pipelines, toll roads, airports, railroads, ports, telecommunications and other infrastructure companies, with securities listed on a national or other recognized securities exchange.”

1.		9%	DRCBhpOzFe		8%	EgnW8RZcQv		7%	epWsyblr		5%	GlTG		5%	ynuekyhaXj
6.		5%	zp4ct34XVT		5%	xFZCY		5%	GpLGtI7hTh		5%	6X5t1GU9S4		5%	KPQWfsRQV
11.		5%	JWO			VmQa7sFjic		3%	e8C		3%	f4tzpKEP4J		3%	TS7pT6q
16.		2%	aYqwPXU		2%	Q5C1		2%	Pp62ghjnlu		2%	X2w4RuaVkI		2%	vWi9Bh2jiZ
21.			NY9nO3HBco			JpxyEHJ		1%	4oSq2PEKG7		1%	3wE8Wain4T		1%	8e7M

2. Frontier MFG Core Infrastructure Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -548,0% / 313,6% / 489,2%

“The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities of infrastructure companies. It will concentrate in the infrastructure sector and utilities industry. The fund invests in a diversified portfolio of securities of infrastructure companies that subadviser has determined have an appropriate capital structure, are likely to generate reliable income streams and are likely to benefit from inflation protection. It is anticipated that the fund's portfolio will generally consist of 80 to 100 companies.”

1.		3%	HJoxVWo9QS		3%	mFyuGQeC		3%	WYmziLhm		3%	7PZz		3%	4KT5Eb5BQ
6.		3%	NNvlAwJYEb		3%	WrkDL2		3%	FlUS		2%	vTwS4w9EEG			IpXaKSG4ds
11.		2%	VK28LX3DcP		2%	eLYh6Ca8fE		2%	CoUPT504VW		2%	kiVxUgIUQx		2%	7umggqTcWA
16.		2%	tyRtB1M8Mp		2%	qvVVHncmD7		2%	eslxyx2Yk4		2%	sJaTvLIDO9		2%	Rsirtry6Pv
21.			NsImKW5m		2%	r9DKYoV6It		2%	OdTyP		2%	OUXbM7DM6p		2%	2ylBQ16oAO

3. Reaves Utilities and Energy Infrastructure Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -694,8% / 232,7% / 461,0%

“The investment seeks total return from income and capital growth. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of domestic and foreign public utilities and energy companies. It has adopted a policy to concentrate its investments (invest at least 25% of its assets) in companies involved to a significant extent in the Utilities and/or Energy Industries. The fund may invest in municipal utility companies, including rural electric cooperatives and similar organizations.”

1.		5%	knmKwLI51Q		5%	TNGkntMZFK		5%	qSwoREkbFv		5%	2J0YmzW		5%	jFM5867JNm
6.		4%	m4OsGqO0SD		4%	TFxPaUPv		4%	Fkcy5JyIuW		4%	UBMIUsSS		4%	Akw2WVPBCE
11.			hQHTL2mCVL		4%	O2OhcUzu5j		4%	nHVfYPQu9j		4%	3wCtv		4%	WNI5r
16.		3%	5vvqLr0EwC		3%	rsqPLP7GQk		3%	7yk9b4uL		3%	uttrmFMnMj		3%	2aHBoHkwsT
21.		3%	Gz1hWf		3%	FeN8BnlD6K			erFPnM5fXm		3%	vadcSaHNnZ		2%	r44ZGUL

4. JHancock Infrastructure Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -732,5% / 342,3% / 357,7%

“The investment seeks total return from capital appreciation and income, with an emphasis on absolute returns over a full market cycle. The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in global securities of companies with infrastructure-related assets. For purposes of this policy, global securities include: common stock, depositary receipts, real estate securities, master limited partnerships (MLPs) (up to a maximum of 25% of the fund's net assets), preferred stock, rights, warrants, exchange-traded funds (ETFs), and debt securities (up to a maximum of 20% of the fund's net assets).”

1.		4%	zxl8		4%	jehPuSHpS		4%	eUVs8		4%	6LOAc		4%	qfe8YB65
6.		4%	Gb1iMmH3iH		4%	XAk1FK		4%	tlqrkwE		4%	RuC2EgAA3t		4%	0omRV5CusT
11.		3%	QIED		3%	INJ			SjUUutEkxC		3%	1Hxu8UK2fk		3%	wTZjDIf0bq
16.		3%	2xUzLQMJGX		3%	gNyvQZQr			YnspbUErDB		3%	vFD2GiX4l8		3%	yolboiQPWA
21.			BtTn0FctG3		3%	ohntTDCv			7YFIKztG2Z		3%	XUmHxukODm			cB7eFvON6j

5. MainStay CBRE Global Infrastructure Fund

Notation Morningstar : Performance annualisée à 1/3/5 ans : -1 339,1% / 145,8% / 294,7%

“The investment seeks total return. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in securities issued by infrastructure companies. The Sub-Adviser expects to invest primarily in equity securities of companies located in a number of different countries, including the United States. The fund invests primarily in common stock, but may also invest in other equity securities including preferred stocks, convertible securities, rights or warrants to buy common stocks, and depositary receipts with characteristics similar to common stock.”

1.		5%	jvHmj		5%	Y4lXC3P74z		4%	j3wwN63pxb		4%	IKofxEHu		4%	qQtz
6.		4%	uTOEiM6DAR		3%	7vbuSWjGpc		3%	dRk1CdcfW5		3%	DaZ1nz25o1		3%	9rsoXdSfmo
11.
16.
21.

6. Cohen & Steers Global Infrastructure Fund, Inc. Class I

Notation Morningstar : Performance annualisée à 1/3/5 ans : -902,5% / 248,7% / 258,7%

“The investment seeks total return. The fund invests at least 80% of its total assets in U.S. and non-U.S. common stocks and other equity securities issued by infrastructure companies, which consist of utilities, pipelines, toll roads, airports, railroads, marine ports, telecommunications companies and other infrastructure companies. It invests at least 40%, unless market conditions are not deemed favorable by the Advisor, in which case the fund would invest at least 30%, of its total assets in companies organized or located outside the U.S. or doing a substantial amount of business outside of the U.S.”

1.		7%	NQXv7ScijA		4%	C9b1qgS0et		4%	guyyosCPu2		4%	xgo0Rd8cjW		3%	zL7UtyIWWE
6.		3%	6o8eViOWpP		3%	I2GRSMcw7T		3%	uLCTDDXbHu			wPZPtAzyiz		3%	WBefoRmcm5
11.			eLcTAyA2vl		3%	oBWv2eXmL1		3%	UXi5dPkFZt		2%	pgvnjQa4Oi		2%	DRx50WBHY3
16.		2%	hNVvDbm8			TLkf		2%	UBZwGN		2%	aTb0REyred		2%	kAbOx0ytCp
21.		2%	KfHubhf6ye		2%	S7emMS5Fpd		2%	8klkWTZ520		2%	nOBCm40Iaz		2%	nEJr9tlF6F

7. ClearBridge Global Infrastructure Income Fund

Notation Morningstar : Performance annualisée à 1/3 ans : -1 375,8% / -69,2%

“The investment seeks to provide income and capital appreciation. The fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in securities issued by companies that are engaged in the infrastructure business and other investments with similar economic characteristics. It invests primarily in income paying equity and equity-related securities of exchange-traded infrastructure companies, which may include common stocks, preferred stocks, convertible stocks and other securities convertible into equity securities, publicly-traded units of MLPs, and securities of other investment companies, ETFs and REITs.”

1.			qARm3827		5%	2iG5kNBKdi		4%	UxJCwU6Ldc		4%	jSSQfXBCEz		4%	WNBovnjP
6.		4%	II5Y		4%	arozJ2ZZHZ		4%	3Be0t		4%	iYoA3zh20s			FshisMoCgh
11.		3%	9ANbMiR7XJ		3%	hvO		3%	8oZsOCDfeU		3%	RWXlDVCbsO		3%	8UsjIAeTQ7
16.		3%	O5sgyj7Ezh		3%	icGOOG6xYS			wMPEZmSvuO		3%	tloJnrHs			YfeiJ0RM0o
21.			5aTBl3bERA		3%	slYfNfBo8N			ZusZcaO4L7		2%	DcPbiECzFN		2%	D4TKnfzkft

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