# AXA IM WAVE CAT BONDS FUND
## SCHEDULE OF INVESTMENTS AS OF 30 June 2021 (continued)
Financial Derivative Instruments - (0.54)% (31 December 2020: 2.28%) 
(continued)
Open Forward Foreign Currency Exchange Contracts - (0.54)% (31 December 2020: 2.28%) 
(continued)
| Settlement Date | Currency Bought | Amount Bought | Currency Sold | Amount Sold | Unrealised Gain/(Loss) USD | % of Net Assets |
| --- | --- | --- | --- | --- | --- | --- |
| 21/07/2021 | USD | 377 | EUR | 314 | 4 | 0.00 |
| 21/07/2021 | USD | 29,459 | EUR | 24,231 | 713 | 0.00 |
| 21/07/2021 | USD | 33,883 | EUR | 28,252 | 366 | 0.00 |
| 21/07/2021 | USD | 40,310 | EUR | 33,116 | 1,022 | 0.00 |
| 21/07/2021 | USD | 62,329 | EUR | 51,932 | 719 | 0.00 |
| 21/07/2021 | USD | 64,981 | EUR | 54,182 | 701 | 0.00 |
| 21/07/2021 | USD | 68,955 | EUR | 58,130 | (8) | (0.00) |
| 21/07/2021 | USD | 75,961 | EUR | 63,337 | 820 | 0.00 |
| 21/07/2021 | USD | 108,062 | EUR | 88,572 | 2,983 | 0.00 |
| 21/07/2021 | USD | 144,145 | EUR | 118,420 | 3,655 | 0.00 |
| 21/07/2021 | USD | 152,179 | EUR | 124,733 | 4,200 | 0.00 |
| 21/07/2021 | USD | 301,074 | EUR | 251,040 | 3,248 | 0.00 |
| 21/07/2021 | USD | 380,601 | EUR | 317,112 | 4,389 | 0.00 |
| 21/07/2021 | USD | 404,138 | EUR | 332,411 | 9,775 | 0.01 |
| 21/07/2021 | USD | 485,816 | EUR | 405,080 | 5,241 | 0.01 |
| 21/07/2021 | USD | 627,603 | EUR | 529,076 	(77)	(0.00) |

Unrealised gain on open forward foreign currency exchange contracts	89,941	0.06
Unrealised loss on open forward foreign currency exchange contracts	   (750,574)  (0.60)Net unrealised loss on open forward foreign currency exchange contracts	  (660,633)  (0.54) Total Financial Derivative Instruments	   (660,633)   (0.54)
% of
Fair Value
USD
Net Assets
Total financial assets at fair value through profit or loss	120,981,557	98.17
Financial liabilities at fair value through profit or loss		(750,574)	(0.60) Deposits with credit institutions - 0.00% (31 December 2020: 4.94%)
Fair Value
USD
% of Net Assets
Total Investments	120,230,983	97.57
Cash and cash equivalents - 1.95% (31 December 2020: 2.18%)	2,405,865	1.95
Other Net Assets - 0.48% (31 December 2020: 0.58%)		589,551	0.48
Net assets attributable to holders of redeemable participating shares		123,226,399	100.00
Analysis of Gross Assets	% of Gross Assets
Transferable securities admitted to official exchange listing	17.21
Transferable securities dealt in on another regulated market	77.74
Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c)	2.42
Over the counter financial derivative instruments	0.07
Other Assets		2.56
	100.00
The counterparties for the open forward foreign currency exchange contracts are Bank of America Merrill Lynch, BNP Paribas and State Street Bank and Trust Company.

Translation (ENFR, 2021-06-30):
# AXA IM WAVE CAT BONDS FUND
## TABLEAU DES MODIFICATIONS DU PORTEFEUILLE POUR LA PÉRIODE FINANCIÈRE CLÔTURÉE LE 30 JUIN 2021 (suite)
| Principales acquisitions Titre | Taux de coupon | Date d’échéance | Valeur USD |
| --- | --- | --- | --- |
| Bred Banque Populaire | 0,07 % | 07/06/2021 | 682 164 000 |
| La Banquepostale | 0,08 % | 24/06/2021 | 210 950 000 |
| Insmed | 0,00 % | 01/03/2024 | 3 222 500 |
| United States Treasury Bill | 0,00 % | 22/07/2021 | 2 999 995 |
| United States Treasury Bill | 0,01 % | 15/04/2021 | 2 999 812 |
| Alamo | 0,00 % | 07/06/2024 | 2 429 000 |
| Merna Reinsurance II | 0,00 % | 10/07/2028 | 2 227 000 |
| Everglades Re II | 0,00 % | 14/05/2024 | 2 032 000 |
| United States Treasury Bill | 0,01 % | 06/05/2021 | 1 999 907 |
| United States Treasury Bill | 0,01 % | 13/05/2021 | 1 999 881 |
| Torrey Pines | 0,00 % | 07/06/2024 | 1 947 500 |
| Everglades | 0,00 % | 14/05/2024 | 1 861 000 |
| Cape Lookout | 0,00 % | 22/03/2024 | 1 800 000 |
| Kendall | 0,00 % | 02/05/2024 | 1 750 000 |
| Titania | 0,00 % | 21/06/2024 | 1 688 000 |
| Vista | 0,00 % | 21/05/2024 | 1 683 000 |
| Torrey Pines | 0,00 % | 07/06/2024 | 1 643 000 |
| Ursa | 0,00 % | 06/12/2024 | 1 529 000 |
| United States Treasury Bill | 0,00 % | 12/08/2021 | 1 499 977 |
| Kendall | 0,00 % | 02/05/2024 | 1 297 000 |
| Principales ventes Titre | Taux de coupon | Date d’échéance | Valeur USD |
| Nakama | 3,25 % | 13/10/2021 | 1 002 000 |
| Nakama | 2,20 % | 13/10/2021 | 1 001 000 |

La totalité des achats de titres dépassant 1 % de la valeur totale des achats et l’ensemble des ventes pour la période financière clôturée le 30 juin 2021 sont énumérés ci-dessus. En tout état de cause, les 20 achats et cessions les plus importants doivent être indiqués, le cas échéant.
Une liste exhaustive des évolutions du portefeuille au cours de la période financière est mise à la disposition des actionnaires sur simple demande.