# AXA IM WAVE CAT BONDS FUND
STATEMENT OF PORTFOLIO CHANGES FOR THE FINANCIAL PERIOD ENDED 30 JUNE 2020

## (continued)
| Major purchases Security | Coupon rate | Maturity Date | Value USD |
| --- | --- | --- | --- |
| Atlas Capital Reinsurance 2020 | 8.38% | 10/06/2024 | 2,000,000 |
| MetroCat | 5.63% | 08/05/2023 | 1,731,000 |
| International Bank for Reconstruction & Development | 3.73% | 13/03/2024 | 1,429,000 |
| Everglades | 6.38% | 04/05/2023 | 1,417,000 |
| Caelus | 5.63% | 07/06/2024 | 1,042,000 |
| United States Treasury Bill | 0.00% | 09/06/2020 | 999,948 |
| United States Treasury Bill | 0.00% | 09/07/2020 | 999,874 |
| United States Treasury Bill | 0.00% | 03/09/2020 | 999,626 |
| Herbie | 9.13% | 08/07/2024 | 964,000 |
| 3264 | 9.75% | 07/02/2023 | 933,000 |
| Caelus | 5.63% | 07/06/2023 | 778,000 |
| Sanders | 4.50% | 07/04/2024 | 750,000 |
| Nakama | 2.33% | 14/01/2025 | 600,000 |
| Blue Halo | 13.38% | 28/06/2023 | 552,000 |
| Matterhorn | 5.13% | 08/01/2024 | 450,000 |
| International Bank for Reconstruction & Development | 6.69% | 13/03/2024 | 292,000 |
| Major sales |  |  |  |
| Security | Coupon rate | Maturity Date | Value USD |
| Northshore | 7.65% | 06/07/2020 | 2,493,100 |
| Tailwind | 7.49% | 08/01/2022 | 1,965,200 |
| Alamo | 5.04% | 08/06/2023 | 1,504,800 |
| Galilei | 6.65% | 08/01/2020 | 1,000,000 |
| Tailwind | 9.23% | 08/01/2022 | 977,500 |
| Kilimanjaro | 6.37% | 20/04/2021 | 975,500 |
| First Coast | 4.19% | 07/06/2021 | 975,000 |
| Kendall | 5.59% | 06/05/2021 | 970,000 |
| Galilei | 7.25% | 08/01/2021 | 599,400 |
| Cranberry | 2.01% | 13/07/2020 | 499,250 |
| International Bank for Reconstruction & Development | 3.19% | 15/02/2021 | 475,250 |
| Residential Reinsurance 2017 | 6.06% | 06/12/2021 | 470,250 |
| Sanders | 2.97% | 06/12/2021 | 467,500 |

Listed above are all purchases and sales for the financial period ended 30 June 2020.

Translation (ENFR, 2020-06-30):
# AXA IM WAVE CAT BONDS FUND
TABLEAU DES MODIFICATIONS DU PORTEFEUILLE POUR LA PÉRIODE FINANCIÈRE CLÔTURÉE LE

## 30 juin 2020 (suite)
| Principales acquisitions Titre | Taux de coupon | Date d’échéance | Valeur USD |
| --- | --- | --- | --- |
| Atlas Capital Reinsurance 2020 | 8,38 % | 10/06/2024 | 2 000 000 |
| MetroCat | 5,63 % | 08/05/2023 | 1 731 000 |
| International Bank for Reconstruction & | 3,73 % | 13/03/2024 | 1 429 000 |
| Development |  |  |  |
| Everglades | 6,38 % | 04/05/2023 | 1 417 000 |
| Caelus | 5,63 % | 07/06/2024 | 1 042 000 |
| United States Treasury Bill | 0,00 % | 09/06/2020 | 999 948 |
| United States Treasury Bill | 0,00 % | 09/07/2020 | 999 874 |
| United States Treasury Bill | 0,00 % | 03/09/2020 | 999 626 |
| Herbie | 9,13 % | 08/07/2024 | 964 000 |
| 3264 | 9,75 % | 07/02/2023 | 933 000 |
| Caelus | 5,63 % | 07/06/2023 | 778 000 |
| Sanders | 4,50 % | 07/04/2024 | 750 000 |
| Nakama | 2,33 % | 14/01/2025 | 600 000 |
| Blue Halo | 13,38 % | 28/06/2023 | 552 000 |
| Matterhorn | 5,13 % | 08/01/2024 | 450 000 |
| International Bank for Reconstruction & Development | 6,69 % | 13/03/2024 | 292 000 |
| Principales ventes |  |  |  |
| Titre | Taux de coupon | Date d’échéance | Valeur USD |
| Northshore | 7,65 % | 06/07/2020 | 2 493 100 |
| Tailwind | 7,49 % | 08/01/2022 | 1 965 200 |
| Alamo | 5,04 % | 08/06/2023 | 1 504 800 |
| Galilei | 6,65 % | 08/01/2020 | 1 000 000 |
| Tailwind | 9,23 % | 08/01/2022 | 977 500 |
| Kilimanjaro | 6,37 % | 20/04/2021 | 975 500 |
| First Coast | 4,19 % | 07/06/2021 | 975 000 |
| Kendall | 5,59 % | 06/05/2021 | 970 000 |
| Galilei | 7,25 % | 08/01/2021 | 599 400 |
| Cranberry | 2,01 % | 13/07/2020 | 499 250 |
| International Bank for Reconstruction & | 3,19 % | 15/02/2021 | 475 250 |
| Development |  |  |  |
| Residential Reinsurance 2017 | 6,06 % | 06/12/2021 | 470 250 |
| Sanders | 2,97 % | 06/12/2021 | 467 500 |

Tous les achats et ventes réalisés pendant la période financière clôturée le 30 juin 2020 sont mentionnés ci- dessus.