# AXA IM US HIGH YIELD FMP 2022
## SCHEDULE OF INVESTMENTS AS OF 30 JUNE 2020 (continued)
Long Term Bonds and Notes - 97.18% (31 December 2019: 96.18%) 
(continued)
% of
Principal
Amount Security
Coupon
Rate
Maturity
Date
Fair value
USD
Net Assets
| United States - 79.36% (31 December 2019: 80.31%) (continued) |
| --- |
| 800,000 | SBA Communications | 4.88% | 01/09/2024 | 819,000 | 1.03 |
| 1,030,000 | Sealed Air | 5.25% | 01/04/2023 | 1,076,824 | 1.35 |
| 500,000 | Sirius XM Radio | 4.63% | 15/05/2023 | 502,750 | 0.63 |
| 1,083,000 | Sirius XM Radio | 4.63% | 15/07/2024 | 1,110,075 | 1.39 |
| 350,000 | Solera | 10.50% | 01/03/2024 | 356,125 | 0.45 |
| 200,000 | Sophia | 9.00% | 30/09/2023 | 202,000 | 0.25 |
| 1,000,000 | Southern Star Central | 5.13% | 15/07/2022 | 999,177 | 1.25 |
| 930,000 | Spectrum Brands | 6.13% | 15/12/2024 | 955,575 | 1.20 |
| 1,180,000 | Sprint | 7.25% | 15/09/2021 | 1,237,053 | 1.55 |
| 840,000 | Sprint Communications | 11.50% | 15/11/2021 | 930,300 | 1.16 |
| 450,000 | Summit Materials | 6.13% | 15/07/2023 | 447,998 | 0.56 |
| 500,000 | Sunoco | 4.88% | 15/01/2023 | 492,500 | 0.62 |
| 1,210,000 | Targa Resources Partners | 4.25% | 15/11/2023 | 1,155,550 | 1.45 |
| 800,000 | Taylor Morrison Communities | 5.88% | 15/04/2023 | 822,000 | 1.03 |
| 480,000 | Taylor Morrison Communities Incorporated | 6.00% | 01/09/2023 | 493,320 | 0.62 |
| 629,000 | Tenet Healthcare | 4.63% | 01/09/2024 | 614,847 | 0.77 |
| 670,000 | WPX Energy | 8.25% | 01/08/2023 | 743,700 | 0.93 |
| 490,000 | WR Grace & Co-Conn | 5.13% | 01/10/2021 | 516,117 | 0.65 |
|  |  |  |  | 63,384,350 | 79.36 |
| Total Long Term Bonds and Notes | 77,618,559 | 97.18 |
| Total Transferable Securities | 77,618,559 | 97.18 |
| Total Investments excluding Financial Derivative Instruments | 77,618,559 | 97.18 |
| Financial Derivative Instruments - 0.12% (31 December 2019: 0.10%) |  |  |
| Open Forward Foreign Currency Exchange Contracts - 0.12% (31 December 2019: 0.10%) |
| Settlement | Currency | Amount | Currency | Amount | Unrealised Gain/(Loss) | % of Net |
| Date | Bought | Bought | Sold | Sold | USD | Assets |
| 15/07/2020 | EUR | 5,349 | USD | 5,956 | 53 | 0.00 |
| 15/07/2020 | EUR | 6,369 | USD | 7,004 | 151 | 0.00 |
| 15/07/2020 | EUR | 124,417 | USD | 136,481 | 3,296 | 0.00 |
| 15/07/2020 | EUR | 150,943 | USD | 168,074 | 1,504 | 0.00 |
| 15/07/2020 | EUR | 179,033 | USD | 196,883 | 4,254 | 0.00 |
| 15/07/2020 | EUR | 3,503,183 | USD | 3,842,893 | 92,788 | 0.12 |
| 15/07/2020 | GBP | 1,812 | USD | 2,261 | (22) | (0.00) |
| 15/07/2020 | GBP | 2,075 | USD | 2,566 | (2) | (0.00) |
| 15/07/2020 | GBP | 2,362 | USD | 2,978 | (59) | (0.00) |
| 15/07/2020 | GBP | 4,970 | USD | 6,202 | (61) | (0.00) |
| 15/07/2020 | GBP | 5,715 | USD | 7,069 | (6) | (0.00) |
| 15/07/2020 | GBP | 6,460 | USD | 8,145 | (163) | (0.00) |
| 15/07/2020 | GBP | 44,556 | USD | 55,602 | (544) | (0.00) |
| 15/07/2020 | GBP | 120,830 | USD | 150,785 | (1,476) | (0.00) |
| 15/07/2020 | HKD | 8,182 | USD | 1,055 | 1 | 0.00 |
| 15/07/2020 | HKD | 138,328 | USD | 17,830 | 17 | 0.00 |
| 15/07/2020 | HKD | 143,990 | USD | 18,573 | 4 | 0.00 |
| 15/07/2020 | HKD | 3,253,641 | USD | 419,316 | 463 | 0.00 |

Translation (ENFR, 2020-06-30):
# AXA IM US HIGH YIELD FMP 2022
## TABLEAU DES INVESTISSEMENTS AU 30 JUIN 2020 (suite)
Obligations et bons à long terme — 97,18 % (31 décembre 2019 : 96,18 %) (suite)
% de
Montant en principal Titre
États-Unis — 79,36 % (31 décembre 2019 : 80,31 %) (suite)
Taux de coupon
Date d’échéance
Juste valeur
USD
l’actif
net
| 290 000 | Cincinnati Bell | 7,00 % | 15/07/2024 | 295 800 | 0,37 |
| --- | --- | --- | --- | --- | --- |
| 640 000 | Cinemark USA | 4,88 % | 01/06/2023 | 540 800 | 0,68 |
| 200 000 | CIT Group | 5,00 % | 01/08/2023 | 203 980 | 0,26 |
| 1 852 000 | Cogent Communications Group | 5,38 % | 01/03/2022 | 1 905 245 | 2,39 |
| 1 710 000 | Commercial Metals | 4,88 % | 15/05/2023 | 1 722 825 | 2,16 |
| 1 087 000 | CommScope | 5,50 % | 01/03/2024 | 1 097 870 | 1,37 |
| 745 000 | CommScope | 5,50 % | 15/06/2024 | 758 656 | 0,95 |
| 800 000 | Covanta Holding | 5,88 % | 01/03/2024 | 807 000 | 1,01 |
| 650 000 | Crestwood Midstream Partners | 6,25 % | 01/04/2023 | 578 500 | 0,72 |
| 500 000 | CSC Holdings | 5,38 % | 15/07/2023 | 507 100 | 0,63 |
| 730 000 | DAE Funding | 5,25 % | 15/11/2021 | 715 400 | 0,90 |
| 1 433 000 | DAE Funding | 4,50 % | 01/08/2022 | 1 364 932 | 1,71 |
| 950 000 | DCP Midstream Operating | 4,95 % | 01/04/2022 | 955 196 | 1,20 |
| 750 000 | DISH DBS | 5,88 % | 15/07/2022 | 762 600 | 0,95 |
| 1 000 000 | Edgewell Personal Care | 4,70 % | 24/05/2022 | 1 035 020 | 1,30 |
| 1 990 000 | EMC | 3,38 % | 01/06/2023 | 2 012 885 | 2,52 |
| 430 000 | Enova International | 8,50 % | 01/09/2024 | 383 775 | 0,48 |
| 675 000 | Genesis Energy | 6,00 % | 15/05/2023 | 607 500 | 0,76 |
| 400 000 | Hanesbrands | 4,63 % | 15/05/2024 | 398 000 | 0,50 |
| 1 600 000 | HCA | 5,88 % | 01/05/2023 | 1 730 000 | 2,17 |
| 550 000 | Hilcorp Energy | 5,00 % | 01/12/2024 | 473 000 | 0,59 |
| 190 000 | Icahn Enterprises | 6,25 % | 01/02/2022 | 190 475 | 0,24 |
| 1 533 000 | Icahn Enterprises | 4,75 % | 15/09/2024 | 1 441 327 | 1,80 |
| 1 250 000 | Kenan Advantage Group | 7,88 % | 31/07/2023 | 1 100 000 | 1,38 |
| 853 000 | KGA Escrow | 7,50 % | 15/08/2023 | 851 934 | 1,07 |
| 490 000 | L Brands | 5,63 % | 15/02/2022 | 478 975 | 0,60 |
| 990 000 | Lamb Weston Holdings | 4,63 % | 01/11/2024 | 1 027 125 | 1,29 |
| 500 000 | Lennar | 5,38 % | 01/10/2022 | 525 625 | 0,66 |
| 290 000 | Level 3 Financing | 5,38 % | 15/01/2024 | 292 175 | 0,37 |
| 300 000 | Lions Gate Capital Holdings | 5,88 % | 01/11/2024 | 286 500 | 0,36 |
| 350 000 | Live Nation Entertainment | 4,88 % | 01/11/2024 | 315 000 | 0,39 |
| 250 000 | MGM Growth Properties Operating Partnership | 5,63 % | 01/05/2024 | 258 755 | 0,32 |
| 770 000 | MGM Resorts International | 6,00 % | 15/03/2023 | 777 700 | 0,97 |
| 450 000 | NCR | 5,00 % | 15/07/2022 | 449 438 | 0,56 |
| 150 000 | Netflix | 5,50 % | 15/02/2022 | 156 413 | 0,20 |
| 600 000 | Nexstar Broadcasting | 5,63 % | 01/08/2024 | 604 500 | 0,76 |
| 180 000 | NGPL PipeCo | 4,38 % | 15/08/2022 | 185 649 | 0,23 |
| 910 000 | Nielsen Finance | 5,00 % | 15/04/2022 | 906 779 | 1,14 |
| 70 000 | Outfront Media Capital | 5,63 % | 15/02/2024 | 70 175 | 0,09 |
| 40 000 | Owens-Brockway Glass Container | 5,00 % | 15/01/2022 | 40 048 | 0,05 |
| 500 000 | Owens-Brockway Glass Container | 5,88 % | 15/08/2023 | 515 000 | 0,64 |
| 700 000 | PBF Logistics | 6,88 % | 15/05/2023 | 666 750 | 0,83 |
| 612 000 | Polaris Intermediate | 8,50 % | 01/12/2022 | 538 560 | 0,67 |
| 1 190 000 | PolyOne | 5,25 % | 15/03/2023 | 1 285 200 | 1,61 |
| 900 000 | Prestige Brands | 6,38 % | 01/03/2024 | 922 500 | 1,15 |
| 600 000 | Prime Security Services Borrower | 5,25 % | 15/04/2024 | 613 500 | 0,77 |
| 400 000 | Rackspace Hosting | 8,63 % | 15/11/2024 | 402 000 | 0,50 |
| 500 000 | Realogy Group | 4,88 % | 01/06/2023 | 467 500 | 0,59 |
| 967 000 | SBA Communications | 4,00 % | 01/10/2022 | 976 670 | 1,22 |