Belgian 20 Index BEL20

BEL20 Top 10: Value Investment Strategy

TOP Value Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Telenet (L, BE) ☀  Cable & Satellite
1. Telenet (L, BE) ☀   Cable & Satellite	94		31		14		39
2. Aperam (XL, LU) ☀  Steel
2. Aperam (XL, LU) ☀   Steel	92		10		79		67
3. Ageas (XXL, BE)  Multi-line Insurance
3. Ageas (XXL, BE)   Multi-line Insurance	86		53		47		83
4. Proximus (XL, BE) ☀  Integrated Telecommunication
4. Proximus (XL, BE) ☀   Integrated Telecommunication	82		9		37		26
5. Solvay (XXL, BE) ☀  Diversified Chemicals
5. Solvay (XXL, BE) ☀   Diversified Chemicals	67		93		39		81
6. Etablissementen Franz Colruyt (XL, BE) ☀  Food Retail
6. Etablissementen Franz Colruyt (XL, BE) ☀   Food Retail	63		10		67		25
7. UCB (XL, BE) ☀  Pharmaceuticals
7. UCB (XL, BE) ☀   Pharmaceuticals	59		4		60		25

October 20, 2022. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Barco (L, BE) ☀   Electronic Equipment
1. Barco (L, BE) ☀   Electronic Equipment	31		74		74		88
2. Solvay (XXL, BE) ☀   Diversified Chemicals
2. Solvay (XXL, BE) ☀   Diversified Chemicals	67		39		39		81
3. Anheuser-Busch InBev (XXL, BE) ☀   Brewers
3. Anheuser-Busch InBev (XXL, BE) ☀   Brewers	48		6		6		37
4. Umicore (XXL, BE) ☀   Specialty Chemicals
4. Umicore (XXL, BE) ☀   Specialty Chemicals	31		29		29		27
5. Ageas (XXL, BE)   Multi-line Insurance
5. Ageas (XXL, BE)   Multi-line Insurance	86		47		47		83

October 20, 2022. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Aperam (XL, LU) ☀   Steel
1. Aperam (XL, LU) ☀   Steel	92		10		79		67
2. Barco (L, BE) ☀   Electronic Equipment
2. Barco (L, BE) ☀   Electronic Equipment	31		99		74		88
3. ING (XXL, NL) ☀   Diversified Banks
3. ING (XXL, NL) ☀   Diversified Banks	39		34		70		28
4. Etablissementen Franz Colruyt (XL, BE) ☀   Food Retail
4. Etablissementen Franz Colruyt (XL, BE) ☀   Food Retail	63		10		67		25
5. UCB (XL, BE) ☀   Pharmaceuticals
5. UCB (XL, BE) ☀   Pharmaceuticals	59		4		60		25

October 20, 2022. Top 10s are published weekly by Top 10 schedule. (Free Stock Update)

BEL20 Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy	VALUEVVV		GROWTHVV		SAFETYVV		COMBINED
1. Barco (L, BE) ☀   Electronic Equipment
1. Barco (L, BE) ☀   Electronic Equipment	31		99		74		88
2. Ageas (XXL, BE)   Multi-line Insurance
2. Ageas (XXL, BE)   Multi-line Insurance	86		53		47		83
3. Solvay (XXL, BE) ☀   Diversified Chemicals
3. Solvay (XXL, BE) ☀   Diversified Chemicals	67		93		39		81
4. Aperam (XL, LU) ☀   Steel
4. Aperam (XL, LU) ☀   Steel	92		10		79		67
5. Telenet (L, BE) ☀   Cable & Satellite
5. Telenet (L, BE) ☀   Cable & Satellite	94		31		14		39

October 20, 2022. 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 fact-based Obermatt Method in the stock index Belgian 20 Index BEL20 from October 20, 2022.