# Mirova Europe Sustainable Economy Fund
## PORTFOLIO ANALYSIS AS OF 30/06/2021
ASSET ALLOCATION	Weight*	Off-balance sheet	net exposure**	Benchmark
| Bonds | 48.2 | -1.9 | 46.3 | 50.0 | Minimum Investment | - |
| --- | --- | --- | --- | --- | --- | --- |
| Equities | 51.8 |  | 51.8 | 50.0 | NAV (30/06/2021) | 132.02 EUR |
| Money Markets | 0.0 |  | 0.0 |  | Last dividend as of 16/04/2021 | 0.09 EUR |
| Total	100,0	98.1	100.0 * In % of AuM  ** Including the commitment value on derivatives EQUITY EXPOSURE CHANGE* | MANAGEMENT Management Company NATIXIS INVESTMENT MANAGERS INTERNATIONAL Investment Manager MIROVA Mirova, an affiliate of Natixis Investment Managers, is a management company dedicated to sustainable investing. Its aim is to combine long- term value creation with sustainable development by following its conviction investment approach. Mirova's first-rate staff are pioneers in the many fields related to sustainable finance. Innovation is their priority so that customers always get highly effective solutions that are suited to their needs. |
| Headquarters | Paris |
| Founded | 2014 |

Assets Under Management (Billion)
€ 21.7 (31/03/2021)
Portfolio Managers
DAVID BELLOC - CFA - CROSS ASSET AND EQUITY PORTFOLIO MANAGER
David Belloc started his career in 2000 as a quantitative analyst in Amundi before joining BFT Investment Managers as a convertible bond portfolio manager in 2004. In late 2006 he joined the group Natixis successively as an equity (NAM) then as a smart beta portfolio manager (Seeyond). In August 2018 he joined Mirova as Cross Asset Portfolio Manager/Strategist in charge of cross asset investment solutions while co-managing Climate Ambition equity investment strategies.
David Belloc graduated from ISFA and postgraduate degree in financial sciences (Lyon 1). He is a CFA Charterholder and is member of French Institute of Actuary (IAF).
Nelson Ribeirinho
PORTFOLIO MANAGER / SENIOR CREDIT ANALYST
Nelson started his career as a SSA / Covered Bonds Strategist before being appointed as Lead analyst covering banks and financial institutions in investment banking. He then advised on regulatory arbitrages, capital structure and rating optimization
*weight of exposure (inc. derivatives)
| DIVERSIFIED INDICATORS	Fund	Index |
| --- |
| Equity Beta | 1.12 | 1.00 |
| Duration weighted by the spread | 2.77 | 1.54 |

yield sensitivity	2.33	2.58
High yield percentage*	9.30	0.00
Small & Mid caps percentage*	8.2	-
*In % of AuM
| Ireland | 4.4 | 0.9 |
| --- | --- | --- |
| Denmark | 3.8 | 2.6 |
| Belgium | 2.9 | 1.6 |
| Sweden | 2.1 | 4.0 |
| Other countries | 9.4 | 16.4 |

weight of exposure (inc. derivatives)
Source : Natixis Investment Managers International unless otherwise indicated

Translation (ENFR, 2021-06-30):
# Mirova Europe Sustainable Economy Fund
## ANALYSE DU MARCHÉ ACTIONS AU 30/06/2021
Analyse de l'allocation de la Poche Actions (51,83%)
| PRINCIPALES LIGNES | Poche % |
| --- | --- |
| ASTRAZENECA | 4,0 |
| SANOFI-AVENTIS | 3,4 |
| SAINT GOBAIN | 3,2 |
| ASML HOLDING REGR. | 3,1 |
| ROCHE HOLDING BJ N | 3,0 |
| DANONE | 2,9 |
| AVIVA P.L.C. | 2,9 |
| UNICREDIT REGR. | 2,9 |
| AXA | 2,7 |
| SMURFIT KAPPA LN GBp | 2,7 |
| Total | 30,7 |
| Nombre total de titres | 53 |

| RÉPARTITION GÉOGRAPHIQUE PAR	Poche %	Indice % |
| --- |
| PAYS |  |  |
| France | 45,8 | 17,6 |
| Royaume-Uni | 15,5 | 20,5 |
| Irlande | 6,7 | 1,1 |
| Pays-Bas | 5,8 | 8,1 |
| Allemagne | 5,7 | 14,6 |
| Italie | 5,5 | 3,6 |
| Suisse | 3,0 | 15,2 |
| Espagne | 2,2 | 3,9 |
| Danemark | 2,0 | 4,0 |
| Etats-Unis | 2,0 | 0,4 |
| Autres Pays | 5,8 | 11,0 |

Poche % Indice %

### RÉPARTITION PAR TAILLE DE	 CAPITALISATION
< 2 Mrds USD	0,8	0,0
2 à 10 Mrds USD	15,0	4,6
10 à 100 Mrds USD	65,8	65,9
> 100 Mrds USD	18,4	29,5
| RÉPARTITION SECTORIELLE DE LA POCHE ACTION | Poche % Indice % |
| --- | --- |
| Finance | 17,8 | 15,7 |
| Industrie | 16,8 | 14,7 |
| Santé | 13,4 | 14,1 |
| Technologies de l'information | 12,3 | 8,3 |
| Matériaux | 9,5 | 8,2 |
| Services aux collectivités | 8,4 | 4,2 |
| Consommation discrétionnaire | 7,0 | 12,1 |
| Biens de consommation de base | 6,6 | 12,9 |
| Immobilier | 4,2 | 1,3 |
| Services de communication | 3,9 | 3,9 |
| Energie | 0,0 | 4,4 |

Nomenclature MSCI Source : Natixis Investment Managers International sauf indication contraire
Poids en exposition ( dérivés inclus)
PRINCIPALES TRANSACTIONS CUMULÉES D'ACTIONS

#### Achats	Montant

##### CORP ACCIONA SM EUR	249 919
SMURFIT KAPPA LN GBp	156 057
| SIEMENS ENERGY GR U | 84 640 |
| --- | --- |
| BCO BILBAO VIZCAYA | 69 742 |
| CREDIT AGRICOLE | 66 483 |
| Ventes | Montant |
| ASTRAZENECA | 273 932 |
| SANOFI-AVENTIS | 241 617 |
| SAINT GOBAIN | 223 484 |
| ASML HOLDING REGR. | 220 386 |
| ROCHE HOLDING BJ N | 211 081 |