TFFAX Holdings List

As of Mar 31, 2025

No.	Symbol	Name	% Weight	Shares
1	EPA: CA	Carrefour SA	4.41%	7,577,200
2	LON: BP	BP p.l.c.	4.27%	18,662,274
3	LON: SHEL	Shell plc	4.13%	2,784,975
4	CNH	CNH Industrial N.V.	3.94%	7,877,831
5	KRX: 005930	Samsung Electronics Co., Ltd.	3.77%	2,331,720
6	TYO: 8316	Sumitomo Mitsui Financial Group, Inc.	3.63%	3,463,203
7	LON: AZN	AstraZeneca PLC	3.49%	583,871
8	AMS: PRX	Prosus N.V.	3.40%	1,796,706
9	LON: STAN	Standard Chartered PLC	3.30%	5,453,120
10	BABAF	Alibaba Group Holding Limited	3.14%	4,664,360
11	SWX: SREN	Swiss Re AG	3.14%	453,272
12	AMS: INGA	ING Groep N.V.	3.05%	3,822,767
13	CPH: ORSTED	Ørsted A/S	2.86%	1,606,715
14	ETR: IFX	Infineon Technologies AG	2.77%	2,036,512
15	LON: PRU	Prudential plc	2.76%	6,288,745
16	SW	Smurfit Westrock Plc	2.71%	1,481,924
17	LON: LLOY	Lloyds Banking Group plc	2.67%	69,926,671
18	TPE: 2330	Taiwan Semiconductor Manufacturing Company Limited	2.67%	2,325,694
19	FCX	Freeport-McMoRan Inc.	2.50%	1,621,078
20	STO: SECU.B	Securitas AB (publ)	2.45%	4,242,015
21	LON: PSN	Persimmon Plc	2.42%	3,843,052
22	SWX: ADEN	Adecco Group AG	2.38%	1,939,119
23	LON: BTRW	Barratt Redrow plc	2.36%	10,538,739
24	ETR: CON	Continental Aktiengesellschaft	2.19%	761,820
25	NSE: HDFCBANK	HDFC Bank Limited	2.15%	2,478,881
26	CRH	CRH plc	2.14%	600,456
27	LON: JD	JD Sports Fashion Plc	2.04%	56,717,780
28	EPA: AM	Dassault Aviation société anonyme	2.00%	149,229
29	n/a	National Bank Of Canada 4.33% 04/01/2025 Td	2.00%	49,100,000
30	ELI: GALP	Galp Energia, SGPS, S.A.	1.92%	2,686,358
31	EPA: STMPA	STMicroelectronics N.V.	1.75%	1,957,829
32	EPA: KER	Kering SA	1.72%	202,736
33	BIT: STLAM	Stellantis N.V.	1.65%	3,612,060
34	HKG: 1299	AIA Group Limited	1.62%	5,248,614
35	KRX: 051910	LG Chem, Ltd.	1.62%	236,120
36	KRX: 055550	Shinhan Financial Group Co., Ltd.	1.61%	1,237,521
37	ALB	Albemarle Corporation	1.22%	415,213
38	MAN	ManpowerGroup Inc.	1.00%	425,820
39	AMS: SBMO	SBM Offshore N.V.	1.00%	1,148,262
40	EPA: FRVIA	Forvia SE	0.59%	1,779,855
41	n/a	Chf	0.17%	0
42	n/a	Gbp	0.11%	0
43	n/a	Eur	0.09%	0
44	n/a	Krw	0.06%	0
45	n/a	Jpy	0.05%	0
46	n/a	Twd	0.01%	0
47	n/a	Hkd	0.00%	0
48	n/a	Dkk	0.00%	0
49	n/a	Usd	-0.93%	0

As of Mar 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	98.43%
Cash	1.57%

Sector Breakdown

Sector	% Weight
Financials	20.17%
Consumer Discretionary	16.59%
Energy	15.52%
Information Technology	11.81%
Industrials	11.44%
Other	6.27%
Health Care	5.67%
Materials	5.36%
Consumer Staples	4.03%
Communication Services	1.76%
Utilities	1.38%

Country Breakdown

Sector	% Weight
United Kingdom	26.33%
Germany	13.24%
Japan	11.92%
Netherlands	9.95%
Korea	7.58%
France	5.66%
United States	4.28%
Hong Kong	3.48%
Other	2.91%
India	2.60%
Switzerland	2.11%
Taiwan	2.07%
Cayman Islands	1.78%
Thailand	1.58%
Ireland	1.53%
Portugal	1.31%
China	1.20%
Spain	0.47%