Belgian 20 Index BEL20

BEL20 Top 10: Value Investment Strategy

TOP 10 Value	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Solvay (XXL, BE) ☀  Diversified Chemicals
1. Solvay (XXL, BE) ☀   Diversified Chemicals	97		56		60		78
2. D'Ieteren (L, BE)  Distributors
2. D'Ieteren (L, BE)   Distributors	94		78		59		94
3. Bekaert (L, BE) ☀  Steel
3. Bekaert (L, BE) ☀   Steel	93		33		85		82
4. ENGIE (XXL, FR) ☀  Multi-Utilities
4. ENGIE (XXL, FR) ☀   Multi-Utilities	78		15		77		45
5. Proximus (XXL, BE) ☀  Integrated Telecommunication
5. Proximus (XXL, BE) ☀   Integrated Telecommunication	68		20		77		67
6. Ageas (XXL, BE)  Multi-line Insurance
6. Ageas (XXL, BE)   Multi-line Insurance	68		18		6		16
7. bpost (L, BE) ☀  Air Freight & Logistics
7. bpost (L, BE) ☀   Air Freight & Logistics	64		4		39		13
8. Umicore (XXL, BE) ☀  Specialty Chemicals
8. Umicore (XXL, BE) ☀   Specialty Chemicals	62		78		58		78
9. Anheuser-Busch InBev (XL, BE) ☀  Brewers
9. Anheuser-Busch InBev (XL, BE) ☀   Brewers	56		79		5		33

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Growth Investment Strategy

TOP 10 Growth	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. KBC (XXL, BE)   Diversified Banks
1. KBC (XXL, BE)   Diversified Banks	26		91		83		17
2. Anheuser-Busch InBev (XL, BE) ☀   Brewers
2. Anheuser-Busch InBev (XL, BE) ☀   Brewers	56		79		5		33
3. D'Ieteren (L, BE)   Distributors
3. D'Ieteren (L, BE)   Distributors	94		78		59		94
4. Umicore (XXL, BE) ☀   Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	62		78		58		78
5. Telenet (L, BE)   Cable & Satellite
5. Telenet (L, BE)   Cable & Satellite	11		68		8		12
6. Solvay (XXL, BE) ☀   Diversified Chemicals
6. Solvay (XXL, BE) ☀   Diversified Chemicals	97		56		60		78

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Safety Investment Strategy

TOP 10 Safety	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Bekaert (L, BE) ☀   Steel
1. Bekaert (L, BE) ☀   Steel	93		33		85		82
2. KBC (XXL, BE)   Diversified Banks
2. KBC (XXL, BE)   Diversified Banks	26		91		83		17
3. Proximus (XXL, BE) ☀   Integrated Telecommunication
3. Proximus (XXL, BE) ☀   Integrated Telecommunication	68		20		77		67
4. ENGIE (XXL, FR) ☀   Multi-Utilities
4. ENGIE (XXL, FR) ☀   Multi-Utilities	78		15		77		45
5. Solvay (XXL, BE) ☀   Diversified Chemicals
5. Solvay (XXL, BE) ☀   Diversified Chemicals	97		56		60		78
6. D'Ieteren (L, BE)   Distributors
6. D'Ieteren (L, BE)   Distributors	94		78		59		94
7. Umicore (XXL, BE) ☀   Specialty Chemicals
7. Umicore (XXL, BE) ☀   Specialty Chemicals	62		78		58		78

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Combined Investment Strategy

TOP 10 Combined	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. D'Ieteren (L, BE)   Distributors
1. D'Ieteren (L, BE)   Distributors	94		78		59		94
2. Bekaert (L, BE) ☀   Steel
2. Bekaert (L, BE) ☀   Steel	93		33		85		82
3. Solvay (XXL, BE) ☀   Diversified Chemicals
3. Solvay (XXL, BE) ☀   Diversified Chemicals	97		56		60		78
4. Umicore (XXL, BE) ☀   Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	62		78		58		78
5. Proximus (XXL, BE) ☀   Integrated Telecommunication
5. Proximus (XXL, BE) ☀   Integrated Telecommunication	68		20		77		67

September 1, 2017. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

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Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely finance fact-based Obermatt Method for the investment strategies Value, Growth and Safety in the stock index Belgian 20 Index BEL20 from September 1, 2017.