AMUNDI FUNDS

Equity Brazil
Securities Portfolio as at 31/12/12
% of NaV
Market Value
Quantity
% of NaV
Market Value
Quantity
USD
USD
Long positions
158,523,614
99.04
Fixed Line Telecommunications
4,448,041
2.78
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Shares
158,510,994
158,491,971
99.03
99.02
11,900 TELEF BRAZIL
102,370 TELEF BRAZIL PFD
72,506 TELEFONICA BRAZIL ADR 1 PFD
253,690
2,449,857
1,744,494
0.16
1.53
1.09
Aerospace and Defense
2,680,540
1.67
Food and Drug Retailers
5,508,869
3.44
164,100 EMBRAER EMPRESA
53,400 EMBRAER SA ADR
1,158,106
1,522,434
0.72
0.95
35,600 COMPANHIA BRASILEIRA DIST -ADR
63,875 PCAPN PCA4
1,580,284
2,823,264
0.99
1.76
Automobiles and Parts
203,036
0.13
98,100 RAIADROGASIL
1,105,321
0.69
15,200 IOCHPE MAXION
203,036
0.13
Food Producers
8,936,694
5.58
Banks
374,842 BANCO BRADESCO PFD
114,700 BANCO BRADESCO SA BRAD N1
264,200 BANCO BRADESCO-SPONSORED ADR
211,300 BANCO DO BRASIL SA
159,400 BANCO ESTADO RIO GRANDE DO SUL
24,417,717
6,438,617
1,901,285
4,589,154
2,641,870
1,207,458
15.27
4.03
1.19
2.88
1.65
0.75
185,400 BRASIL FOODS
50,800 BRF BR FOODS SP ADR
127,700 COSAN CL A
196,200 HYPERMARCAS
43,900 MINERVA
Forestry and Paper
3,820,245
1,072,388
2,210,487
1,592,582
240,992
1,925,971
2.38
0.67
1.38
1.00
0.15
1.20
262,500 ITAU UNIBANCO ADR
203,500 ITAU UNIBANCO HOLDING SA
4,320,750
3,318,583
2.70
2.07
16,800 FIBRIA CELULOSE SA
51,800 FIBRIA CELULOSE SA
185,188
588,966
0.12
0.37
Beverages
5,648,663
3.53
335,950 SUZANO BAHIA SUL PAPEL PFD A
1,151,817
0.71
138,181 AMBEV-CIA DE BEBIDAS DAS AMERI
5,648,663
3.53
Gas, Water and Multiutilities
2,412,331
1.51
Chemicals
35,800 BRASKEM PREF A
4,700 BRASKEM SP.ADR
286,547
223,802
62,745
0.18
0.14
0.04
15,100 SABESP
21,200 SABESP SP.ADR
General Industrials
640,647
1,771,684
4,092,136
0.40
1.11
2.56
Construction and Materials
2,424,203
1.51
655,100 KLABIN PREF.SHS
4,092,136
2.56
245,240 ARTERIS
2,269,721
1.41
General Retailers
5,480,792
3.42
21,300 DURATEX
154,482
0.10
19,100 ANHANGUERA EDUCACIONAL PARTICIPACOES
322,481
0.20
Electricity
26,700 AES TIETE
155,050 CEMIG
140,325 CEMIG SP ADR
44,600 CESP CIA ENERG SP PRF NPV ‘B’
34,050 CIA ENERG MINAS GERAIS PREF
7,832,470
273,583
1,658,394
1,523,930
422,362
375,835
4.89
0.17
1.05
0.95
0.26
0.23
16,700 ESTACIO PARTICIPACOES S.A.
34,335 KROTON EDUCACIONAL SA
69,200 LOCALIZA RENT A CAR
49,500 LOJAS RENNER SA
142,749 MAGAZINE LUIZA SA
Health Care Equipment and Services
340,277
775,569
1,267,387
1,928,004
847,074
316,943
0.21
0.48
0.79
1.21
0.53
0.20
14,900 CIA ENERGETICA CEARA
29,900 CIA PARANAESE DE ENERGI PFB
39,900 CPELBN SP.ADR
327,469
462,916
612,465
0.20
0.29
0.38
49,200 DIAGNOSTICOS DA AMERICA
Household Goods and Home Construction
316,943
1,406,744
0.20
0.88
52,800 ELETROBRAS PREF B
148,500 ENERGIAS DO BRASIL S.A
14,000 EQUATORIAL ENERGIA SA - ORD
132,490 MPX ENERGIA.
9,200 TRACTEBEL ENERGIA
270,251
905,859
128,067
721,489
149,850
0.17
0.57
0.08
0.45
0.09
78,122 DIRECIONAL ENG
141,300 GAFISA S.A.ADR
53,300 TECNISA SA
Industrial Engineering
539,885
657,045
209,814
1,635,646
0.34
0.41
0.13
1.02
Financial Services
841,100 BOLSA DE MERCADORI
234,700 BRADESPAR PREF
23,186,022
5,751,056
3,763,188
14.49
3.60
2.35
70,400 AUTOMETAL
144,900 MARCOPOLO PREF
Industrial Metals and Mining
722,732
912,914
18,523,885
0.45
0.57
11.57
74,134 CETIP BALCAO ORG.ATIVOS DERIV.
919,289
0.57
8,900 GERDAU PREF.
77,937
0.05
94,500 CIELO
2,630,282
1.64
112,400 METALURGICA GERDAU PREF
1,257,111
0.79
309,000 GERDAU SA
2,325,589
1.45
370,879 MMX MINERACAO TRUST UNITS
630,352
0.39
230,500 GERDAU SP.ADR
2,072,195
1.29
195,500 SID NACIONAL
1,132,409
0.71
1,209,584 ITAUSA INVESTIMENTOS PREF
5,724,423
3.59
30,100 SID NACIONAL SP ADR
177,590
0.11
The accompanying notes form an integral part of these financial statements
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