# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 31/12/2017 to 30/12/2022* (Source: Fund Admin)
125
100

## Risk analysis (rolling) (Source: Fund Admin)

### 1 year	3 years  5 years

### Portfolio volatility	20.22%  27.50%  23.17%

### Benchmark volatility	16.94%  24.22%  20.59%
12/17
06/18
12/18
06/19
12/19
06/20
12/20
06/21
12/21
06/22
12/22

### Volatility is a statistical indicator that measures an asset’s variations around its average value. For example, market
| variations of +/- 1.5% per day correspond to a volatility of 25% per year. |
| --- |
| 75 50 Portfolio (106.37)	Benchmark (110.87) Cumulative Returns * (Source: Fund Admin) | Sub-Fund Statistics (Source: Amundi) Total portfolio holdings43 Top ten issuers (% assets, source: Amundi) Portfolio TOTALENERGIES SE	3.06% SIEMENS AG	2.68% SHELL PLC	2.60% PRUDENTIAL PLC	2.54% NOVARTIS AG	2.53% INDUSTRIA DE DISENO TEXTIL SA	2.51% ABN AMRO BANK NV	2.51% |
|  | YTD | 1 month | 3 months | 1 year | 3 years | 5 years | 10 years | Since | REPSOL SA | 2.51% |
| Since | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 31/12/2017 | 31/12/2012 | 12/12/2008 | MUNICH REINSURANCE COMPANY | 2.51% |
| Portfolio | -6.58% | -2.81% | 14.79% | -6.58% | 2.69% | 6.37% | 76.42% | 164.80% | CNH INDUSTRIAL NV | 2.49% |
| Benchmark | -1.08% | -2.63% | 12.13% | -1.08% | 4.95% | 10.87% | 66.26% | 141.22% | Total | 25.94% |
| Spread | -5.50% | -0.19% | 2.67% | -5.50% | -2.26% | -4.50% | 10.15% | 23.58% | The  holdings  listed  should  not | be  considered |
| The following information is additional to, and should be read only in conjunction with, the performance data presented above.	recommendations to buy or sell any particular security listed. Calendar year performance * (Source: Fund Admin) |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |  |
| Portfolio | -6.58% | 23.66%  - | 11.11% | 21.95% | -15.06% | 11.69% | 6.63% | 6.57% | 5.86% | 23.44% |  |
| Benchmark | -1.08% | 21.82%  - | 12.91% | 19.56% | -11.64% | 8.26% | 7.41% | 0.65% | 5.59% | 21.35% |  |
| Spread | -5.50% | 1.84% | 1.80% | 2.40% | -3.43% | 3.43% | -0.78% | 5.92% | 0.27% | 2.09% |  |

* Source: Fund Admin. The above results pertain to full 12-month period per calendar year. All performances are calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. The value of investments may vary upwards or downwards according to market conditions.

Translation (ENFR, 2022-12-31):
# Performances (Source : Fund Admin) - Les performances passées ne préjugent pas des performances futures
## Evolution de la performance (base 100) * (Source : Fund Admin)
125

## Indicateur(s) glissant(s) (Source : Fund Admin)

### 1 an	3 ans	5 ans

### Volatilité du portefeuille	20,22%  27,50%  23,17%
12/17
06/18
12/18
06/19
12/19
06/20
12/20
06/21
12/21
06/22
12/22
| 100	 l’amplitude des variations d’un actif autour de sa moyenne. Exemple : des variations de +/- 1,5% par jour sur les marchés correspondent à une volatilité de 25% par an. |
| --- |
| 75 50 Portefeuille (106,37)	Indice (110,87) Performances glissantes * (Source : Fund Admin) | Indicateurs (Source : Amundi) Nombre de lignes en portefeuille43 Principaux émetteurs en portefeuille (% d'actifs, source : Amundi) Portefeuille TOTALENERGIES SE	3,06% SIEMENS AG	2,68% SHELL PLC	2,60% PRUDENTIAL PLC	2,54% NOVARTIS AG	2,53% INDUSTRIA DE DISENO TEXTIL SA	2,51% |
|  | Depuis le | 1 mois | 3 mois | 1 an | 3 ans | 5 ans | 10 ans | Depuis le | ABN AMRO BANK NV | 2,51% |
| Depuis le | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 31/12/2017 | 31/12/2012 | 12/12/2008 | REPSOL SA | 2,51% |
| Portefeuille | -6,58% | -2,81% | 14,79% | -6,58% | 2,69% | 6,37% | 76,42% | 164,80% | MUNICH REINSURANCE COMPANY | 2,51% |
| Indice | -1,08% | -2,63% | 12,13% | -1,08% | 4,95% | 10,87% | 66,26% | 141,22% | CNH INDUSTRIAL NV | 2,49% |
| Ecart | -5,50% | -0,19% | 2,67% | -5,50% | -2,26% | -4,50% | 10,15% | 23,58% | Total | 25,94% |
| Les informations suivantes s'ajoutent aux données de performances présentées ci-dessus et ne doivent être lues qu'en	Les titres mentionnés ne doivent pas être considérés comme conjonction avec celles-ci.	des recommandations d'achat ou de vente d'un titre donné. Performances calendaires * (Source : Fund Admin) |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |  |
| Portefeuille | -6,58% | 23,66%  - | 11,11% | 21,95% | -15,06% | 11,69% | 6,63% | 6,57% | 5,86% | 23,44% |  |
| Indice | -1,08% | 21,82%  - | 12,91% | 19,56% | -11,64% | 8,26% | 7,41% | 0,65% | 5,59% | 21,35% |  |
| Ecart | -5,50% | 1,84% | 1,80% | 2,40% | -3,43% | 3,43% | -0,78% | 5,92% | 0,27% | 2,09% |  |
| * Source : Fund Admin Les performances sont calculées dans la devise de référence, sur des données historiques. Les performances affichées sont |


### Volatilité de l'indice	16,94% 24,22%  20,59% La volatilité est un indicateur statistique qui mesure
nettes de frais de gestion. (1) Les performances calendaires couvrent des périodes complètes de 12 mois pour chaque année civile. La valeur des investissements peut varier à la hausse ou à la baisse selon l'évolution des marchés.