# Portfolio Analysis
## Asset Allocation (%)
-10	0	10	20	30	40	50	60	70	80	90	100	110
| Equities | 71.79 | 60.06 | 45.62 | 38.34 | 28.55 | 32.67 |
| --- | --- | --- | --- | --- | --- | --- |
| Diversif. | - | 4.34 | 4.50 | 5.24 | 5.17 | 5.16 |
| Bonds | 28.39 | 23.12 | 24.23 | 16.58 | 14.27 | 15.00 |
| Monetary | -0.18 | 12.48 | 25.65 | 39.84 | 52.01 | 47.17 |

29/04/2022
31/05/2022
30/06/2022
29/07/2022
31/08/2022
30/09/2022
For the Asset allocation, the equities derivatives exposure is included in the equities part . The counterpart of this exposure is included in the monetary part and gives an overall exposure of 100%.

## Currency Breakdown (%)
120
100
80
60
40
20
0
-20
USD	CHF	CAD	GBP	TWD	AUD	Other
Portfolio	103.81	5.09	1.69	0.36	0.05	-	-11.00
Equity : 33% of the overall Portfolio
| Top 10 Holdings |  |
| --- | --- |
| Equity | Weighting (%) | Sector | Issuer country | Currency |
| Roche Holding AG | 1.97 | Health Care | European Economic Area | CHF |
| Apple Inc | 1.47 | IT | North America | USD |
| Microsoft Corp | 1.22 | IT | North America | USD |
| Alphabet Inc | 1.20 | Communication Services | North America | USD |
| UnitedHealth Group Inc | 1.19 | Health Care | North America | USD |
| Johnson & Johnson | 0.99 | Health Care | North America | USD |
| Marathon Petroleum Corp | 0.92 | Energy | North America | USD |
| Yamana Gold Inc | 0.91 | Materials | North America | CAD |
| MasterCard Inc | 0.87 | IT | North America | USD |
| Endeavour Mining PLC | 0.85 | Materials | Others | USD |
| Total (%) | 11.59 |  |  |  |

Fixed Income : 15% of the overall portfolio

## Fund Key Metrics
Portfolio
Number of Holdings	5
Number of Issuers	2
Linear Average Rating	-
Portfolio
Mod. Duration	-
Yield To Worst (%)	-
Source(s): AXA Investment Managers - GICS as at 30/09/2022
For more information about AXA IM, visit axa-im.com
Fixed Income : 15% of the overall portfolio 
(Continued)

## Top 10 Holdings
| Name | Weighting (%) | Issuer country | Modified duration | Contribution |
| --- | --- | --- | --- | --- |
| US Treasury Note 1.75% 03/15/2025 | 6.77 | North America | 2.4 | 0.20 |
| US Treasury Note 1.5% 02/29/2024 | 4.56 | North America | 1.4 | 0.10 |
| German Inflation Linked Bond 0.1% 04/15/2023 | 0.92 | European Economic Area | 0.5 | 0.00 |
| France Government Bond OAT 0.25% 07/25/2024 | 0.58 | European Economic Area | 1.8 | 0.00 |
| Spain (Kingdom of) I/L BOND 0.15% 11/30/2023 | 0.57 | European Economic Area | 1.2 | 0.00 |
| US Treasury Note 2.25% 03/31/2024 | 0.56 | North America | 1.4 | 0.00 |
| German Inflation Linked Bond 0.1% 04/15/2026 | 0.43 | European Economic Area | 3.5 | 0.00 |
| F00008260 IRS EUR R F 3.34500 | 0.20 | European Economic Area | 4.9 | 0.00 |
| F00008303 IRS EUR R F 2.77000 | 0.10 | European Economic Area | 5.0 | 0.00 |
| France Government Bond OAT 0.1% 07/25/2031 | 0.10 | European Economic Area | 8.7 | 0.00 |
| Total (%) | 14.77 |  |  |  |

Diversification : 5% of the overall portfolio

## Top 10 Holdings
| Equity | Weighting (%) | Issuer country | Currency |
| --- | --- | --- | --- |
| iShares Physical Gold ETC | 5.16 | European Economic Area | USD |
| Total (%) | 5.16 |  |  |

Source(s): AXA Investment Managers - GICS as at 30/09/2022
For more information about AXA IM, visit axa-im.com

Translation (ENFR, 2022-09-30):
# Analyse du portefeuille
## Répartition par classe d'actifs (%)
-10	0	10	20	30	40	50	60	70	80	90	100	110
| Actions | 71.79 | 60.06 | 45.62 | 38.34 | 28.55 | 32.67 |
| --- | --- | --- | --- | --- | --- | --- |
| Diversif. | - | 4.34 | 4.50 | 5.24 | 5.17 | 5.16 |
| Obligations | 28.39 | 23.12 | 24.23 | 16.58 | 14.27 | 15.00 |
| Monétaire | -0.18 | 12.48 | 25.65 | 39.84 | 52.01 | 47.17 |

29/04/2022
31/05/2022
30/06/2022
29/07/2022
31/08/2022
30/09/2022
Pour l'Evolution de la composition, l'exposition des produits de type dérivés actions est incluse dans la partie actions. La contrepartie de cette exposition est incluse dans la partie monétaire et permet d'obtenir une exposition totale à 100%.

## Exposition par devise (%)
120
100
80
60
40
20
0
-20
USD	CHF	CAD	GBP	TWD	AUD	Autres
Portefeuille	103.81	5.09	1.69	0.36	0.05	-	-11.00
Actions : 33% du portefeuille global
| 10 principaux titres |  |
| --- | --- |
| Action | Pondération (%) | Secteur | Pays émetteur | Devise |
| Roche Holding AG | 1.97 | Santé | Pays membres de la zone EEE | CHF |
| Apple Inc | 1.47 | Technologie | Amérique du Nord | USD |
| Microsoft Corp | 1.22 | Technologie | Amérique du Nord | USD |
| Alphabet Inc | 1.20 | Services de Communication | Amérique du Nord | USD |
| UnitedHealth Group Inc | 1.19 | Santé | Amérique du Nord | USD |
| Johnson & Johnson | 0.99 | Santé | Amérique du Nord | USD |
| Marathon Petroleum Corp | 0.92 | Energie | Amérique du Nord | USD |
| Yamana Gold Inc | 0.91 | Matériaux | Amérique du Nord | CAD |
| MasterCard Inc | 0.87 | Technologie | Amérique du Nord | USD |
| Endeavour Mining PLC | 0.85 | Matériaux | Autres | USD |
| Total (%) | 11.59 |  |  |  |

Obligations : 15% du portefeuille global

## Caractéristiques du portefeuille
Portefeuille
Nombre de lignes	5
Nombre d'émetteurs	2
Rating moyen linéaire	-
Portefeuille
Mod. Duration	-
Yield to worst (%)	-
Source(s) : AXA Investment Managers - GICS au 30/09/2022
Pour obtenir de plus amples informations sur AXA IM, rendez-vous sur axa-im.com
Obligations : 15% du portefeuille global 
(suite)

## 10 principaux titres
| Libellé | Pondération (%) | Pays émetteur | Sensibilité | Contribution |
| --- | --- | --- | --- | --- |
| US Treasury Note 1.75% 03/15/2025 | 6.77 | Amérique du Nord | 2.4 | 0.20 |
| US Treasury Note 1.5% 02/29/2024 | 4.56 | Amérique du Nord | 1.4 | 0.10 |
| German Inflation Linked Bond 0.1% 04/15/2023 | 0.92 | Pays membres de la zone EEE | 0.5 | 0.00 |
| France Government Bond OAT 0.25% 07/25/2024 | 0.58 | Pays membres de la zone EEE | 1.8 | 0.00 |
| Spain (Kingdom of) I/L BOND 0.15% 11/30/2023 | 0.57 | Pays membres de la zone EEE | 1.2 | 0.00 |
| US Treasury Note 2.25% 03/31/2024 | 0.56 | Amérique du Nord | 1.4 | 0.00 |
| German Inflation Linked Bond 0.1% 04/15/2026 | 0.43 | Pays membres de la zone EEE | 3.5 | 0.00 |
| F00008260 IRS EUR R F 3.34500 | 0.20 | Pays membres de la zone EEE | 4.9 | 0.00 |
| F00008303 IRS EUR R F 2.77000 | 0.10 | Pays membres de la zone EEE | 5.0 | 0.00 |
| France Government Bond OAT 0.1% 07/25/2031 | 0.10 | Pays membres de la zone EEE | 8.7 | 0.00 |
| Total (%) | 14.77 |  |  |  |

Diversification : 5% du portefeuille global

## 10 principaux titres
| Action | Pondération (%) | Pays émetteur | Devise |
| --- | --- | --- | --- |
| iShares Physical Gold ETC | 5.16 | Pays membres de la zone EEE | USD |
| Total (%) | 5.16 |  |  |

Source(s) : AXA Investment Managers - GICS au 30/09/2022
Pour obtenir de plus amples informations sur AXA IM, rendez-vous sur axa-im.com