AFCSX Holdings List

As of Mar 31, 2025

No.	Symbol	Name	% Weight	Shares
1	TPE: 2330	Taiwan Semiconductor Manufacturing Company Limited	5.19%	224,000
2	ETR: SAP	SAP SE	4.34%	19,680
3	LON: LSEG	London Stock Exchange Group plc	3.67%	30,036
4	EPA: GLE	Société Générale Société anonyme	3.52%	94,720
5	HKG: 0700	Tencent Holdings Limited	3.38%	64,200
6	EPA: AI	L'Air Liquide S.A.	3.06%	19,579
7	LON: REL	RELX PLC	2.96%	71,570
8	LON: AZN	AstraZeneca PLC	2.88%	23,780
9	TYO: 6701	NEC Corporation	2.87%	163,500
10	TYO: 6861	Keyence Corporation	2.82%	8,700
11	LON: EXPN	Experian plc	2.62%	68,700
12	BIT: RACE	Ferrari N.V.	2.61%	7,430
13	ISE: KRZ	Kerry Group plc	2.61%	30,300
14	TYO: 4543	Terumo Corporation	2.58%	166,600
15	BABA	Alibaba Group Holding Limited	2.58%	23,690
16	SWX: LONN	Lonza Group AG	2.51%	4,930
17	BME: IBE	Iberdrola, S.A.	2.51%	188,470
18	SMNEY	Siemens Energy AG	2.50%	51,300
19	CRH	CRH plc	2.45%	33,770
20	AMS: ADYEN	Adyen N.V.	2.37%	1,880
21	CLV.DE	Trip.com Group Ltd ADR	2.30%	43,850
22	TSX: GFL	GFL Environmental Inc.	2.25%	56,600
23	ETR: ZAL	Zalando SE	2.22%	77,570
24	AMS: ASML	ASML Holding N.V.	2.19%	4,010
25	LON: BARC	Barclays PLC	2.12%	686,320
26	TYO: 3064	MonotaRO Co., Ltd.	2.07%	134,400
27	IDX: BBCA	PT Bank Central Asia Tbk	2.01%	4,783,300
28	MMYT	MakeMyTrip Limited	2.01%	24,870
29	LON: HLN	Haleon plc	1.97%	473,447
30	TYO: 5838	Rakuten Bank, Ltd.	1.94%	54,100
31	AMS: DSFIR	DSM-Firmenich AG	1.93%	23,660
32	ASX: CSL	CSL Limited	1.79%	13,840
33	EPA: SU	Schneider Electric S.E.	1.77%	9,316
34	SWX: PGHN	Partners Group Holding AG	1.72%	1,470
35	TYO: 6501	Hitachi, Ltd.	1.72%	88,800
36	CPH: NOVO.B	Novo Nordisk A/S	1.71%	30,334
37	n/a	Galderma Group Ag Common Stock Chf.01	1.55%	17,766
38	TYO: 7453	Ryohin Keikaku Co., Ltd.	1.53%	68,000
39	n/a	Cie Financiere Richemo A Reg Common Stock Chf1.0	1.49%	10,360
40	ETR: CBK	Commerzbank AG	1.34%	70,970
41	ONON	On Holding AG	1.25%	34,440
42	TYO: 9613	NTT DATA Group Corporation	0.99%	66,400
43	n/a	State Street Bank & Trust Co 4 Repo - 01apr25	0.11%	133,000
44	n/a	Bank Of Montreal/Chicago Il 4. Repo - 01apr25	0.01%	15,180
45	n/a	Ssc Government Mm Gvmxx	0.00%	261
46	n/a	Dkk	0.00%	14
47	n/a	Eur	0.00%	12
48	n/a	Twd	0.00%	7
49	n/a	Jpy	0.00%	4

As of Mar 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	99.88%
Cash	0.12%

Sector Breakdown

Sector	% Weight
Health Care	20.99%
Industrials	19.51%
Information Technology	14.48%
Consumer Discretionary	12.19%
Materials	7.96%
Other	6.84%
Financials	5.92%
Communication Services	3.98%
Consumer Staples	3.51%
Utilities	3.18%
Real Estate	1.44%

Country Breakdown

Sector	% Weight
France	22.77%
United Kingdom	11.48%
Netherlands	6.86%
Japan	6.40%
Switzerland	6.34%
Germany	6.15%
Canada	5.97%
Spain	4.79%
Other	4.47%
Denmark	4.12%
Australia	3.58%
Indonesia	3.17%
Ireland	3.04%
China	2.52%
Taiwan	2.50%
United States	2.36%
Italy	1.98%
Sweden	1.50%