# TABLE OF RESULTS AND OTHER SIGNIFICANT ITEMS OVER THE LAST FIVE FINANCIAL YEARS
|  | 31/03/2021 |
| --- | --- |
| Total net assets in EUR | 23,177,161.85 |
| A units in EUR |  |
| Net assets | 10,233,985.80 |
| Number of securities | 96,735.315 |
| Net asset value per unit | 105.79 |
| Accumulation per unit on net capital gains/losses |  |
| Accumulation per unit on profit/loss | 1.21 |
| B units in EUR |  |
| Net assets | 10,676,781.60 |
| Number of securities | 100,921.562 |
| Net asset value per unit | 105.79 |
| Accumulation per unit on net capital gains/losses |  |
| Distribution per unit on profit/loss (*) | 1.21 |
| Tax exemptions per unit | * |
| CR units in EUR |  |
| Net assets | 1,424,834.11 |
| Number of securities | 14,170.039 |
| Net asset value per unit | 100.55 |
| Accumulation per unit on net capital gains/losses | 0.06 |
| Accumulation per unit on profit/loss | 0.67 |
| PWM EUR units in EUR |  |
| Net assets | 841,560.34 |
| Number of securities | 840.000 |
| Net asset value per unit | 1001.85 |
| Accumulation per unit on net capital gains/losses | -1.10 |
| Accumulation per unit on profit/loss | 1.64 |

(*) The tax exemption per unit will only be determined on the distribution date, in accordance with the tax provisions in force.
- DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR

| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| Bonds and equivalent securities |  |  |  |  |
| Bonds and equivalent securities traded on a regulated or equivalent market |  |  |  |  |
| GERMANY |  |  |  |  |
| CBR FASHION FINANCE BV 5.125% 01-10-22 | EUR | 100,000 | 100,283.18 | 0.43 |
| DEUTSCHE LUFTHANSA AG | EUR | 200,000 | 200,431.23 | 0.87 |
| DOUGLAS 6.0% 08-04-26 | EUR | 400,000 | 394,596.00 | 1.70 |
| HP PELZER 4.125% 01-04-24 | EUR | 100,000 | 98,371.29 | 0.42 |
| IHO VERWALTUNGS 3.75% 15-09-26 | EUR | 100,000 | 104,143.75 | 0.45 |
| INFINEON TECHNOLOGIES AG 1.125% 24-06-26 | EUR | 200,000 | 211,015.01 | 0.91 |
| VOLKSWAGEN LEASING 1.5% 19-06-26 | EUR | 400,000 | 428,715.56 | 1.85 |
| TOTAL GERMANY |  |  | 1,537,556.02 | 6.63 |
| AUSTRIA |  |  |  |  |
| SUZANO AUSTRIA GMBH 5.75% 14-07-26 | USD | 200,000 | 203,003.01 | 0.88 |
| TOTAL AUSTRIA |  |  | 203,003.01 | 0.88 |
| CAYMAN ISLANDS |  |  |  |  |
| VALE OVER 6.25% 10-08-26 | USD | 200,000 | 204,908.06 | 0.88 |
| TOTAL CAYMAN ISLANDS |  |  | 204,908.06 | 0.88 |
| CHILE |  |  |  |  |
| EMPR NACI DE 4.75% 01-08-26 | USD | 200,000 | 191,604.93 | 0.82 |
| TOTAL CHILE |  |  | 191,604.93 | 0.82 |
| COLOMBIA |  |  |  |  |
| ECOPETROL 4.125% 16-01-25 | USD | 200,000 | 183,561.07 | 0.79 |
| TOTAL COLOMBIA |  |  | 183,561.07 | 0.79 |
| DENMARK |  |  |  |  |
| DKT FINANCE APS 7.0% 17-06-23 | EUR | 100,000 | 105,124.44 | 0.46 |
| TOTAL DENMARK |  |  | 105,124.44 | 0.46 |
| SPAIN |  |  |  |  |
| ABER INFR 1.375% 20-05-26 | EUR | 400,000 | 424,012.99 | 1.83 |
| CAIXABANK 2.375% 01-02-24 EMTN | EUR | 200,000 | 213,838.88 | 0.92 |
| GESTAMP AUTOMOCION 3.25% 30-04-26 | EUR | 100,000 | 103,117.33 | 0.45 |
| INTL CONSOLIDATED AIRLINES GROU 0.5% 04-07-23 | EUR | 200,000 | 193,246.16 | 0.83 |
| INTL CONSOLIDATED AIRLINES GROU 2.75% 25-03-25 | EUR | 100,000 | 99,227.41 | 0.43 |
| MASARIA INVESTMENTS SAU 5.0% 15-09-24 | EUR | 100,000 | 96,314.67 | 0.41 |
| TOTAL SPAIN |  |  | 1,129,757.44 | 4.87 |
| UNITED STATES |  |  |  |  |
| AT AND T INC 1.8% 05-09-26 | EUR | 300,000 | 327,574.03 | 1.41 |
| CHEMOURS COMPANY 4.0% 15-05-26 | EUR | 100,000 | 103,552.67 | 0.44 |
| FORD MOTOR CREDIT 2.386% 17-02-26 | EUR | 200,000 | 207,247.55 | 0.89 |
| GE 0.875% 17-05-25 | EUR | 300,000 | 312,107.14 | 1.35 |
| GENERAL MOTORS FINANCIAL 0.85% 26-02-26 | EUR | 400,000 | 406,287.29 | 1.76 |
| HARLEY DAVIDSON FINANCIAL SERVICE 0.9% 19-11-24 | EUR | 300,000 | 306,705.82 | 1.32 |
| INTL FLAVORS FRAGRANCES 1.8% 25-09-26 | EUR | 200,000 | 216,901.56 | 0.93 |
| MOLSON COORS BEVERAGE 1.25% 15-07-24 | EUR | 250,000 | 261,531.34 | 1.13 |
| MYLAN NV 2.125% 23-05-25 | EUR | 350,000 | 381,564.29 | 1.64 |
| PANTHER BF AGGREGATOR 2 LP 4.375% 15-05-26 - REGS | EUR | 200,000 | 211,629.08 | 0.91 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (continued)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| PVH EX PHIL V 3.625% 15-07-24 | EUR | 400,000 | 441,744.48 | 1.91 |
| STARTFRUIT US COLDO LLC 6.5% 01-10-26 | EUR | 100,000 | 105,707.28 | 0.46 |
| VERIZON COMMUNICATION 1.375% 27-10-26 | EUR | 100,000 | 107,548.51 | 0.47 |
| ZIMMER BIOMET 2.425% 13-12-26 | EUR | 400,000 | 447,761.59 | 1.93 |
| TOTAL UNITED STATES |  |  | 3,837,862.63 | 16.55 |
| FRANCE |  |  |  |  |
| ALTICE FRANCE 2.125% 15-02-25 | EUR | 200,000 | 194,633.02 | 0.84 |
| AUCHAN 2.875% 29-01-26 EMTN | EUR | 400,000 | 447,522.96 | 1.93 |
| BANIJAY GROUP SAS 6.5% 01-03-26 | EUR | 200,000 | 206,497.89 | 0.89 |
| BFCM 2.375% 24-03-26 EMTN | EUR | 400,000 | 437,794.36 | 1.89 |
| BNP PAR CARDIF 1.0% 29-11-24 | EUR | 400,000 | 412,582.74 | 1.78 |
| CASINO 6.625% 15-01-26 | EUR | 250,000 | 270,477.22 | 1.17 |
| COMPAGNIE DE SAINT GOBAIN 1.125% 23-03-26 | EUR | 200,000 | 210,708.30 | 0.91 |
| ELIS EX HOLDELIS 2.875% 15-02-26 | EUR | 100,000 | 106,909.84 | 0.46 |
| HOLD INFR DE 2.25% 24-03-25 | EUR | 300,000 | 324,054.41 | 1.40 |
| JCDECAUX 2.0% 24-10-24 | EUR | 300,000 | 321,895.89 | 1.39 |
| KAPLA HOLDING 3.375% 15-12-26 | EUR | 100,000 | 100,900.63 | 0.44 |
| LA BANQUE POSTALE 23/04/2026 | EUR | 300,000 | 308,282.75 | 1.33 |
| LOXAM SAS 2.875% 15-04-26 | EUR | 100,000 | 99,507.46 | 0.43 |
| MOBILUX FINANCE SAS 5.5% 15-11-24 | EUR | 100,000 | 104,083.17 | 0.44 |
| PAPREC 4.0% 31-03-25 | EUR | 100,000 | 102,628.89 | 0.44 |
| PSA BANQUE FRANCE 0.0% 22-01-25 | EUR | 100,000 | 99,842.00 | 0.43 |
| QUATRIM SASU 5.875% 15-01-24 | EUR | 200,000 | 214,934.08 | 0.93 |
| RENAULT CREDIT INTL BANQUE 2.0% 11-07-24 | EUR | 350,000 | 373,855.90 | 1.61 |
| SOCI GENE 2.5% 16-09-26 | EUR | 300,000 | 307,642.68 | 1.33 |
| TEREOS FINANCE GROUPE I 7.5% 30-10-25 | EUR | 200,000 | 224,921.67 | 0.97 |
| TOTAL FRANCE |  |  | 4,869,675.86 | 21.01 |
| BRITISH VIRGIN ISLANDS |  |  |  |  |
| PLAYTECH 4.25% 07-03-26 | EUR | 100,000 | 104,054.36 | 0.45 |
| TOTAL BRITISH VIRGIN ISLANDS |  |  | 104,054.36 | 0.45 |
| IRELAND |  |  |  |  |
| ARDAGH PACKAGING FIN PLC ARDAGH HLDGS 2.125% 15-08-26 | EUR | 100,000 | 100,902.29 | 0.43 |
| EIRCOM FINANCE 3.5% 15-05-26 | EUR | 100,000 | 103,739.83 | 0.45 |
| SMURFIT KAPPA ACQUISITIONS 2.875% 15-01-26 | EUR | 200,000 | 223,917.75 | 0.97 |
| TOTAL IRELAND |  |  | 428,559.87 | 1.85 |
| ITALY |  |  |  |  |
| ENI 1.5% 02-02-26 EMTN | EUR | 100,000 | 107,586.90 | 0.46 |
| FERROVIE DELLO STATO ITALIANE 1.125% 09-07-26 | EUR | 300,000 | 319,143.82 | 1.37 |
| INTE 1.0% 04-07-24 EMTN | EUR | 300,000 | 311,142.49 | 1.35 |
| REKEEP 7.25% 01-02-26 | EUR | 100,000 | 109,034.44 | 0.47 |
| UNICREDIT 2.125% 24-10-26 EMTN | EUR | 350,000 | 385,643.28 | 1.67 |
| WEBUILD 5.875% 15-12-25 | EUR | 300,000 | 319,520.22 | 1.38 |
| TOTAL ITALY |  |  | 1,552,071.15 | 6.70 |
| JERSEY |  |  |  |  |
| WALNUT BIDCO PLC 6.75% 01-08-24 | EUR | 100,000 | 105,990.75 | 0.45 |
| TOTAL JERSEY |  |  | 105,990.75 | 0.45 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (continued)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| LUXEMBOURG |  |  |  |  |
| ADLER GROUP 1.875% 14-01-26 | EUR | 100,000 | 99,151.23 | 0.43 |
| ADLER GROUP 2.75% 13-11-26 | EUR | 100,000 | 103,706.93 | 0.45 |
| CK HUTCHISON GROUP TELECOM FINANCE 0.75% 17- 04-26 | EUR | 300,000 | 310,288.19 | 1.34 |
| CNH INDUSTRIAL FINANCE EUROPE 1.875% 19-01-26 | EUR | 300,000 | 324,538.64 | 1.40 |
| CONTOURGLOBAL POWER HLDG | EUR | 150,000 | 152,112.96 | 0.65 |
| CRYSTAL ALMOND SA RL 4.25% 15-10-24 | EUR | 200,000 | 209,273.50 | 0.90 |
| HEIDELBERGCEMENT FINANCE LUXEMBOURG 1.625% 07-04-26 | EUR | 250,000 | 270,701.37 | 1.17 |
| KLEOPATRA FINCO SARL 4.25% 01-03-26 | EUR | 100,000 | 101,152.50 | 0.44 |
| KLEOPATRA HOLDINGS 2 SCA 6.5% 01-09-26 | EUR | 100,000 | 98,162.00 | 0.42 |
| LHMC FINCO SARL 4.75% 22-05-25 | EUR | 100,000 | 98,796.61 | 0.43 |
| SUMMER BC HOLDCO B SARL 5.75% 31-10-26 | EUR | 100,000 | 108,537.67 | 0.47 |
| TOTAL LUXEMBOURG |  |  | 1,876,421.60 | 8.10 |
| MEXICO |  |  |  |  |
| ALFAA 5 1/4 03/25/24 | USD | 200,000 | 186,953.82 | 0.81 |
| FOME ECON MEX 1.75% 20-03-23 | EUR | 100,000 | 103,516.51 | 0.44 |
| PETROLEOS MEXICANOS 6.875% 04-08-26 | USD | 100,000 | 92,611.27 | 0.40 |
| TOTAL MEXICO |  |  | 383,081.60 | 1.65 |
| NIGERIA |  |  |  |  |
| AFRICA FINANCE CORPORATION 3.125% 16-06-25 | USD | 200,000 | 175,371.16 | 0.76 |
| TOTAL NIGERIA |  |  | 175,371.16 | 0.76 |
| NORWAY |  |  |  |  |
| ADEVINTA A 2.625% 15-11-25 | EUR | 200,000 | 208,806.08 | 0.91 |
| TOTAL NORWAY |  |  | 208,806.08 | 0.91 |
| PANAMA |  |  |  |  |
| CARN CORP 1.875% 07-11-22 | EUR | 100,000 | 99,988.55 | 0.43 |
| CARNIVAL CORP | EUR | 200,000 | 219,036.11 | 0.95 |
| TOTAL PANAMA |  |  | 319,024.66 | 1.38 |
| THE NETHERLANDS |  |  |  |  |
| BAYER CAP 1.5% 26-06-26 | EUR | 300,000 | 321,441.37 | 1.39 |
| CONSTELLIUM SE 4.25% 15-02-26 | EUR | 100,000 | 103,153.08 | 0.44 |
| DAIMLER INTL FINANCE BV 1.375% 26-06-26 | EUR | 250,000 | 269,592.16 | 1.16 |
| DUFRY ONE B.V 2.5% 31-12-24 | EUR | 200,000 | 199,993.00 | 0.86 |
| EAD 0.875% 13-05-26 EMTN | EUR | 200,000 | 209,188.60 | 0.90 |
| EDP FIN 0.375% 16-09-26 EMTN | EUR | 300,000 | 303,814.60 | 1.31 |
| FIAT CHRYSLER AUTOMOBILES NV 3.875% 05-01-26 | EUR | 400,000 | 464,940.38 | 2.01 |
| IPD 3 BV 5.5% 01-12-25 | EUR | 100,000 | 105,961.01 | 0.46 |
| NATURGY FINANCE BV 1.25% 19-04-26 | EUR | 100,000 | 106,831.48 | 0.46 |
| PPF ARENA 1 BV 3.125% 27-03-26 | EUR | 100,000 | 106,740.62 | 0.46 |
| SIGMA HOLDCO BV 5.75% 15-05-26 | EUR | 100,000 | 99,386.08 | 0.43 |
| SUNSHINE MID BV 6.5% 15-05-26 | EUR | 100,000 | 106,583.83 | 0.46 |
| TEVA PHARMACEUTICAL FINANCE II BV 4.25% 01-03-25 | EUR | 200,000 | 212,319.00 | 0.91 |
| UNITED GROUP BV 3.125% 15-02-26 | EUR | 200,000 | 195,789.42 | 0.85 |
| ZF EUROPE FINANCE BV 2.0% 23-02-26 | EUR | 200,000 | 203,088.27 | 0.88 |
| TOTAL THE NETHERLANDS |  |  | 3,008,822.90 | 12.98 |
| PERU |  |  |  |  |
| BANCO INTERNACIONAL DEL PERU INTERBANK 3.25% 04-10-26 | USD | 200,000 | 177,735.14 | 0.76 |
| TOTAL PERU |  |  | 177,735.14 | 0.76 |

3.12. DETAILED INVENTORY OF FINANCIAL INSTRUMENTS in EUR (continued)
| Security name | Currency | Quantity or nominal amount | Current value | % Net assets |
| --- | --- | --- | --- | --- |
| REPUBLIC OF KOREA |  |  |  |  |
| LG CHEM 0.5% 15-04-23 | EUR | 100,000 | 101,696.67 | 0.44 |
| TOTAL REPUBLIC OF KOREA |  |  | 101,696.67 | 0.44 |
| CZECH REPUBLIC |  |  |  |  |
| CESKE DRAHY 1.875% 25-05-23 | EUR | 150,000 | 157,987.93 | 0.69 |
| TOTAL CZECH REPUBLIC |  |  | 157,987.93 | 0.69 |
| UNITED KINGDOM |  |  |  |  |
| ANGLO AMER CAP 1.625% 11-03-26 | EUR | 100,000 | 106,501.75 | 0.46 |
| BARCLAYS 1.375% 24-01-26 EMTN | EUR | 400,000 | 417,768.93 | 1.81 |
| BRITISH 1.75% 10-03-26 EMTN | EUR | 300,000 | 324,892.36 | 1.41 |
| EG GLOBAL FINANCE 6.25% 30-10-25 | EUR | 200,000 | 210,460.67 | 0.91 |
| INTL GAME TECHNOLOGY 3.5% 15-06-26 | EUR | 200,000 | 207,432.33 | 0.89 |
| JAGUAR LAND ROVER 5.875% 15-11-24 | EUR | 200,000 | 221,834.08 | 0.96 |
| JAGUAR LAND ROVER 6.875% 15-11-26 | EUR | 100,000 | 116,383.71 | 0.50 |
| PINNACLE BID 5.5% 15-02-25 | EUR | 150,000 | 156,113.42 | 0.67 |
| ROLLS ROYCE 4.625% 16-02-26 | EUR | 200,000 | 218,182.72 | 0.94 |
| TOTAL UNITED KINGDOM |  |  | 1,979,569.97 | 8.55 |
| SWEDEN |  |  |  |  |
| VERISURE HOLDING AB 3.875% 15-07-26 | EUR | 200,000 | 208,877.75 | 0.90 |
| TOTAL SWEDEN |  |  | 208,877.75 | 0.90 |
| TOTAL Bonds and equivalent securities traded on a regulated or equivalent market |  |  | 23,051,125.05 | 99.46 |
| TOTAL Bonds and equivalent securities |  |  | 23,051,125.05 | 99.46 |
| Forward financial instruments |  |  |  |  |
| Futures commitments |  |  |  |  |
| Futures on a regulated or equivalent market |  |  |  |  |
| EC EURUSD 0621 | USD | 12 | -30,949.54 | -0.14 |
| XEUR FGBM BOB 0621 | EUR | -55 | 350.00 |  |
| TOTAL Futures on a regulated or equivalent market |  |  | -30,599.54 | -0.14 |
| TOTAL Futures |  |  | -30,599.54 | -0.14 |
| TOTAL Forward financial instruments |  |  | -30,599.54 | -0.14 |
| Margin call |  |  |  |  |
| APPEL MARGE EDR FR | EUR | -350 | -350.00 |  |
| APPEL MARGE EDR FR | USD | 36,375 | 30,949.54 | 0.14 |
| TOTAL Margin call |  |  | 30,599.54 | 0.14 |
| Receivables |  |  | 680,088.35 | 2.93 |
| Payables |  |  | -524,950.71 | -2.26 |
| Financial accounts |  |  | -29,100.84 | -0.13 |
| Net assets |  |  | 23,177,161.85 | 100.00 |

| B units | EUR | 100,921.562 | 105.79 |
| --- | --- | --- | --- |
| A units | EUR | 96,735.315 | 105.79 |
| PWM EUR units | EUR | 840.000 | 1001.85 |
| CR units | EUR | 14,170.039 | 100.55 |

Translation (ENFR, 2021-03-31):
# TABLEAU DES RESULTATS ET AUTRES ELEMENTS CARACTERISTIQUES DE L'ENTITE AU COURS DES CINQ DERNIERS EXERCICES
|  | 31/03/2021 |
| --- | --- |
| Actif net Global en EUR | 23 177 161,85 |
| Parts A en EUR |  |
| Actif net | 10 233 985,80 |
| Nombre de titres | 96 735,315 |
| Valeur liquidative unitaire | 105,79 |
| Capitalisation unitaire sur +/- values nettes |  |
| Capitalisation unitaire sur résultat | 1,21 |
| Parts B en EUR |  |
| Actif net | 10 676 781,60 |
| Nombre de titres | 100 921,562 |
| Valeur liquidative unitaire | 105,79 |
| Capitalisation unitaire sur +/- values nettes |  |
| Distribution unitaire sur résultat (*) | 1,21 |
| Crédit d'impôt unitaire | * |
| Parts CR en EUR |  |
| Actif net | 1 424 834,11 |
| Nombre de titres | 14 170,039 |
| Valeur liquidative unitaire | 100,55 |
| Capitalisation unitaire sur +/- values nettes | 0,06 |
| Capitalisation unitaire sur résultat | 0,67 |
| Parts PWM EUR en EUR |  |
| Actif net | 841 560,34 |
| Nombre de titres | 840,000 |
| Valeur liquidative unitaire | 1 001,85 |
| Capitalisation unitaire sur +/- values nettes | -1,10 |
| Capitalisation unitaire sur résultat | 1,64 |

(*) Le crédit d'impôt unitaire ne sera déterminé qu'à la date de mise en distribution, conformément aux dispositions fiscales en vigueur.
- INVENTAIRE DÉTAILLÉ DES INSTRUMENTS FINANCIERS en EUR

| Désignation des valeurs | Devise | Qté Nbre ou nominal | Valeur actuelle | % Actif Net |
| --- | --- | --- | --- | --- |
| Obligations et valeurs assimilées |  |  |  |  |
| Obligations et valeurs assimilées négociées sur un |  |  |  |  |
| marché réglementé ou assimilé |  |  |  |  |
| ALLEMAGNE |  |  |  |  |
| CBR FASHION FINANCE BV 5.125% 01-10-22 | EUR | 100 000 | 100 283,18 | 0,43 |
| DEUTSCHE LUFTHANSA AG | EUR | 200 000 | 200 431,23 | 0,87 |
| DOUGLAS 6.0% 08-04-26 | EUR | 400 000 | 394 596,00 | 1,70 |
| HP PELZER 4.125% 01-04-24 | EUR | 100 000 | 98 371,29 | 0,42 |
| IHO VERWALTUNGS 3.75% 15-09-26 | EUR | 100 000 | 104 143,75 | 0,45 |
| INFINEON TECHNOLOGIES AG 1.125% 24-06-26 | EUR | 200 000 | 211 015,01 | 0,91 |
| VOLKSWAGEN LEASING 1.5% 19-06-26 | EUR | 400 000 | 428 715,56 | 1,85 |
| TOTAL ALLEMAGNE |  |  | 1 537 556,02 | 6,63 |
| AUTRICHE |  |  |  |  |
| SUZANO AUSTRIA GMBH 5.75% 14-07-26 | USD | 200 000 | 203 003,01 | 0,88 |
| TOTAL AUTRICHE |  |  | 203 003,01 | 0,88 |
| CAIMANES, ILES |  |  |  |  |
| VALE OVER 6.25% 10-08-26 | USD | 200 000 | 204 908,06 | 0,88 |
| TOTAL CAIMANES, ILES |  |  | 204 908,06 | 0,88 |
| CHILI |  |  |  |  |
| EMPR NACI DE 4.75% 01-08-26 | USD | 200 000 | 191 604,93 | 0,82 |
| TOTAL CHILI |  |  | 191 604,93 | 0,82 |
| COLOMBIE |  |  |  |  |
| ECOPETROL 4.125% 16-01-25 | USD | 200 000 | 183 561,07 | 0,79 |
| TOTAL COLOMBIE |  |  | 183 561,07 | 0,79 |
| DANEMARK |  |  |  |  |
| DKT FINANCE APS 7.0% 17-06-23 | EUR | 100 000 | 105 124,44 | 0,46 |
| TOTAL DANEMARK |  |  | 105 124,44 | 0,46 |
| ESPAGNE |  |  |  |  |
| ABER INFR 1.375% 20-05-26 | EUR | 400 000 | 424 012,99 | 1,83 |
| CAIXABANK 2.375% 01-02-24 EMTN | EUR | 200 000 | 213 838,88 | 0,92 |
| GESTAMP AUTOMOCION 3.25% 30-04-26 | EUR | 100 000 | 103 117,33 | 0,45 |
| INTL CONSOLIDATED AIRLINES GROU 0.5% 04-07-23 | EUR | 200 000 | 193 246,16 | 0,83 |
| INTL CONSOLIDATED AIRLINES GROU 2.75% 25-03-25 | EUR | 100 000 | 99 227,41 | 0,43 |
| MASARIA INVESTMENTS SAU 5.0% 15-09-24 | EUR | 100 000 | 96 314,67 | 0,41 |
| TOTAL ESPAGNE |  |  | 1 129 757,44 | 4,87 |
| ETATS-UNIS |  |  |  |  |
| AT AND T INC 1.8% 05-09-26 | EUR | 300 000 | 327 574,03 | 1,41 |
| CHEMOURS COMPANY 4.0% 15-05-26 | EUR | 100 000 | 103 552,67 | 0,44 |
| FORD MOTOR CREDIT 2.386% 17-02-26 | EUR | 200 000 | 207 247,55 | 0,89 |
| GE 0.875% 17-05-25 | EUR | 300 000 | 312 107,14 | 1,35 |
| GENERAL MOTORS FINANCIAL 0.85% 26-02-26 | EUR | 400 000 | 406 287,29 | 1,76 |
| HARLEY DAVIDSON FINANCIAL SERVICE 0.9% 19-11-24 | EUR | 300 000 | 306 705,82 | 1,32 |
| INTL FLAVORS FRAGRANCES 1.8% 25-09-26 | EUR | 200 000 | 216 901,56 | 0,93 |
| MOLSON COORS BEVERAGE 1.25% 15-07-24 | EUR | 250 000 | 261 531,34 | 1,13 |
| MYLAN NV 2.125% 23-05-25 | EUR | 350 000 | 381 564,29 | 1,64 |
| PANTHER BF AGGREGATOR 2 LP 4.375% 15-05-26 - REGS | EUR | 200 000 | 211 629,08 | 0,91 |


## 3.12. INVENTAIRE DÉTAILLÉ DES INSTRUMENTS FINANCIERS en EUR (suite)
| Désignation des valeurs | Devise | Qté Nbre ou nominal | Valeur actuelle | % Actif Net |
| --- | --- | --- | --- | --- |
| PVH EX PHIL V 3.625% 15-07-24 | EUR | 400 000 | 441 744,48 | 1,91 |
| STARTFRUIT US COLDO LLC 6.5% 01-10-26 | EUR | 100 000 | 105 707,28 | 0,46 |
| VERIZON COMMUNICATION 1.375% 27-10-26 | EUR | 100 000 | 107 548,51 | 0,47 |
| ZIMMER BIOMET 2.425% 13-12-26 | EUR | 400 000 | 447 761,59 | 1,93 |
| TOTAL ETATS-UNIS |  |  | 3 837 862,63 | 16,55 |
| FRANCE |  |  |  |  |
| ALTICE FRANCE 2.125% 15-02-25 | EUR | 200 000 | 194 633,02 | 0,84 |
| AUCHAN 2.875% 29-01-26 EMTN | EUR | 400 000 | 447 522,96 | 1,93 |
| BANIJAY GROUP SAS 6.5% 01-03-26 | EUR | 200 000 | 206 497,89 | 0,89 |
| BFCM 2.375% 24-03-26 EMTN | EUR | 400 000 | 437 794,36 | 1,89 |
| BNP PAR CARDIF 1.0% 29-11-24 | EUR | 400 000 | 412 582,74 | 1,78 |
| CASINO 6.625% 15-01-26 | EUR | 250 000 | 270 477,22 | 1,17 |
| COMPAGNIE DE SAINT GOBAIN 1.125% 23-03-26 | EUR | 200 000 | 210 708,30 | 0,91 |
| ELIS EX HOLDELIS 2.875% 15-02-26 | EUR | 100 000 | 106 909,84 | 0,46 |
| HOLD INFR DE 2.25% 24-03-25 | EUR | 300 000 | 324 054,41 | 1,40 |
| JCDECAUX 2.0% 24-10-24 | EUR | 300 000 | 321 895,89 | 1,39 |
| KAPLA HOLDING 3.375% 15-12-26 | EUR | 100 000 | 100 900,63 | 0,44 |
| LA BANQUE POSTALE 23/04/2026 | EUR | 300 000 | 308 282,75 | 1,33 |
| LOXAM SAS 2.875% 15-04-26 | EUR | 100 000 | 99 507,46 | 0,43 |
| MOBILUX FINANCE SAS 5.5% 15-11-24 | EUR | 100 000 | 104 083,17 | 0,44 |
| PAPREC 4.0% 31-03-25 | EUR | 100 000 | 102 628,89 | 0,44 |
| PSA BANQUE FRANCE 0.0% 22-01-25 | EUR | 100 000 | 99 842,00 | 0,43 |
| QUATRIM SASU 5.875% 15-01-24 | EUR | 200 000 | 214 934,08 | 0,93 |
| RENAULT CREDIT INTL BANQUE 2.0% 11-07-24 | EUR | 350 000 | 373 855,90 | 1,61 |
| SOCI GENE 2.5% 16-09-26 | EUR | 300 000 | 307 642,68 | 1,33 |
| TEREOS FINANCE GROUPE I 7.5% 30-10-25 | EUR | 200 000 | 224 921,67 | 0,97 |
| TOTAL FRANCE |  |  | 4 869 675,86 | 21,01 |
| ILES VIERGES BRITANNIQUES |  |  |  |  |
| PLAYTECH 4.25% 07-03-26 | EUR | 100 000 | 104 054,36 | 0,45 |
| TOTAL ILES VIERGES BRITANNIQUES |  |  | 104 054,36 | 0,45 |
| IRLANDE |  |  |  |  |
| ARDAGH PACKAGING FIN PLC ARDAGH HLDGS 2.125% 15-08-26 | EUR | 100 000 | 100 902,29 | 0,43 |
| EIRCOM FINANCE 3.5% 15-05-26 | EUR | 100 000 | 103 739,83 | 0,45 |
| SMURFIT KAPPA ACQUISITIONS 2.875% 15-01-26 | EUR | 200 000 | 223 917,75 | 0,97 |
| TOTAL IRLANDE |  |  | 428 559,87 | 1,85 |
| ITALIE |  |  |  |  |
| ENI 1.5% 02-02-26 EMTN | EUR | 100 000 | 107 586,90 | 0,46 |
| FERROVIE DELLO STATO ITALIANE 1.125% 09-07-26 | EUR | 300 000 | 319 143,82 | 1,37 |
| INTE 1.0% 04-07-24 EMTN | EUR | 300 000 | 311 142,49 | 1,35 |
| REKEEP 7.25% 01-02-26 | EUR | 100 000 | 109 034,44 | 0,47 |
| UNICREDIT 2.125% 24-10-26 EMTN | EUR | 350 000 | 385 643,28 | 1,67 |
| WEBUILD 5.875% 15-12-25 | EUR | 300 000 | 319 520,22 | 1,38 |
| TOTAL ITALIE |  |  | 1 552 071,15 | 6,70 |
| JERSEY |  |  |  |  |
| WALNUT BIDCO PLC 6.75% 01-08-24 | EUR | 100 000 | 105 990,75 | 0,45 |
| TOTAL JERSEY |  |  | 105 990,75 | 0,45 |


## 3.12. INVENTAIRE DÉTAILLÉ DES INSTRUMENTS FINANCIERS en EUR (suite)
| Désignation des valeurs | Devise | Qté Nbre ou nominal | Valeur actuelle | % Actif Net |
| --- | --- | --- | --- | --- |
| LUXEMBOURG |  |  |  |  |
| ADLER GROUP 1.875% 14-01-26 | EUR | 100 000 | 99 151,23 | 0,43 |
| ADLER GROUP 2.75% 13-11-26 | EUR | 100 000 | 103 706,93 | 0,45 |
| CK HUTCHISON GROUP TELECOM FINANCE 0.75% 17- 04-26 | EUR | 300 000 | 310 288,19 | 1,34 |
| CNH INDUSTRIAL FINANCE EUROPE 1.875% 19-01-26 | EUR | 300 000 | 324 538,64 | 1,40 |
| CONTOURGLOBAL POWER HLDG | EUR | 150 000 | 152 112,96 | 0,65 |
| CRYSTAL ALMOND SA RL 4.25% 15-10-24 | EUR | 200 000 | 209 273,50 | 0,90 |
| HEIDELBERGCEMENT FINANCE LUXEMBOURG 1.625% 07-04-26 | EUR | 250 000 | 270 701,37 | 1,17 |
| KLEOPATRA FINCO SARL 4.25% 01-03-26 | EUR | 100 000 | 101 152,50 | 0,44 |
| KLEOPATRA HOLDINGS 2 SCA 6.5% 01-09-26 | EUR | 100 000 | 98 162,00 | 0,42 |
| LHMC FINCO SARL 4.75% 22-05-25 | EUR | 100 000 | 98 796,61 | 0,43 |
| SUMMER BC HOLDCO B SARL 5.75% 31-10-26 | EUR | 100 000 | 108 537,67 | 0,47 |
| TOTAL LUXEMBOURG |  |  | 1 876 421,60 | 8,10 |
| MEXIQUE |  |  |  |  |
| ALFAA 5 1/4 03/25/24 | USD | 200 000 | 186 953,82 | 0,81 |
| FOME ECON MEX 1.75% 20-03-23 | EUR | 100 000 | 103 516,51 | 0,44 |
| PETROLEOS MEXICANOS 6.875% 04-08-26 | USD | 100 000 | 92 611,27 | 0,40 |
| TOTAL MEXIQUE |  |  | 383 081,60 | 1,65 |
| NIGERIA |  |  |  |  |
| AFRICA FINANCE CORPORATION 3.125% 16-06-25 | USD | 200 000 | 175 371,16 | 0,76 |
| TOTAL NIGERIA |  |  | 175 371,16 | 0,76 |
| NORVEGE |  |  |  |  |
| ADEVINTA A 2.625% 15-11-25 | EUR | 200 000 | 208 806,08 | 0,91 |
| TOTAL NORVEGE |  |  | 208 806,08 | 0,91 |
| PANAMA |  |  |  |  |
| CARN CORP 1.875% 07-11-22 | EUR | 100 000 | 99 988,55 | 0,43 |
| CARNIVAL CORP | EUR | 200 000 | 219 036,11 | 0,95 |
| TOTAL PANAMA |  |  | 319 024,66 | 1,38 |
| PAYS-BAS |  |  |  |  |
| BAYER CAP 1.5% 26-06-26 | EUR | 300 000 | 321 441,37 | 1,39 |
| CONSTELLIUM SE 4.25% 15-02-26 | EUR | 100 000 | 103 153,08 | 0,44 |
| DAIMLER INTL FINANCE BV 1.375% 26-06-26 | EUR | 250 000 | 269 592,16 | 1,16 |
| DUFRY ONE B.V 2.5% 31-12-24 | EUR | 200 000 | 199 993,00 | 0,86 |
| EAD 0.875% 13-05-26 EMTN | EUR | 200 000 | 209 188,60 | 0,90 |
| EDP FIN 0.375% 16-09-26 EMTN | EUR | 300 000 | 303 814,60 | 1,31 |
| FIAT CHRYSLER AUTOMOBILES NV 3.875% 05-01-26 | EUR | 400 000 | 464 940,38 | 2,01 |
| IPD 3 BV 5.5% 01-12-25 | EUR | 100 000 | 105 961,01 | 0,46 |
| NATURGY FINANCE BV 1.25% 19-04-26 | EUR | 100 000 | 106 831,48 | 0,46 |
| PPF ARENA 1 BV 3.125% 27-03-26 | EUR | 100 000 | 106 740,62 | 0,46 |
| SIGMA HOLDCO BV 5.75% 15-05-26 | EUR | 100 000 | 99 386,08 | 0,43 |
| SUNSHINE MID BV 6.5% 15-05-26 | EUR | 100 000 | 106 583,83 | 0,46 |
| TEVA PHARMACEUTICAL FINANCE II BV 4.25% 01-03-25 | EUR | 200 000 | 212 319,00 | 0,91 |
| UNITED GROUP BV 3.125% 15-02-26 | EUR | 200 000 | 195 789,42 | 0,85 |
| ZF EUROPE FINANCE BV 2.0% 23-02-26 | EUR | 200 000 | 203 088,27 | 0,88 |
| TOTAL PAYS-BAS |  |  | 3 008 822,90 | 12,98 |
| PEROU |  |  |  |  |
| BANCO INTERNACIONAL DEL PERU INTERBANK 3.25% 04-10-26 | USD | 200 000 | 177 735,14 | 0,76 |
| TOTAL PEROU |  |  | 177 735,14 | 0,76 |


## 3.12. INVENTAIRE DÉTAILLÉ DES INSTRUMENTS FINANCIERS en EUR (suite)
| Désignation des valeurs | Devise | Qté Nbre ou nominal | Valeur actuelle | % Actif Net |
| --- | --- | --- | --- | --- |
| REPUBLIQUE DE COREE LG CHEM 0.5% 15-04-23 TOTAL REPUBLIQUE DE COREE REPUBLIQUE TCHEQUE CESKE DRAHY 1.875% 25-05-23 TOTAL REPUBLIQUE TCHEQUE ROYAUME-UNI ANGLO AMER CAP 1.625% 11-03-26 BARCLAYS 1.375% 24-01-26 EMTN BRITISH 1.75% 10-03-26 EMTN EG GLOBAL FINANCE 6.25% 30-10-25 INTL GAME TECHNOLOGY 3.5% 15-06-26 JAGUAR LAND ROVER 5.875% 15-11-24 JAGUAR LAND ROVER 6.875% 15-11-26 PINNACLE BID 5.5% 15-02-25 ROLLS ROYCE 4.625% 16-02-26 TOTAL ROYAUME-UNI SUEDE VERISURE HOLDING AB 3.875% 15-07-26 TOTAL SUEDE TOTAL Obligations et valeurs assimilées négociées sur un marché réglementé ou assimilé TOTAL Obligations et valeurs assimilées Instrument financier à terme Engagements à terme fermes Engagements à terme fermes sur marché réglementé ou assimilé EC EURUSD 0621 XEUR FGBM BOB 0621 TOTAL Engagements à terme fermes sur marché réglementé ou assimilé TOTAL Engagements à terme fermes TOTAL Instrument financier à terme Appel de marge APPEL MARGE EDR FR APPEL MARGE EDR FR TOTAL Appel de marge Créances Dettes Comptes financiers Actif net | EUR | 100 000 | 101 696,67 | 0,44 |
|  |  | 101 696,67 | 0,44 |
| EUR | 150 000 | 157 987,93 | 0,69 |
|  |  | 157 987,93 | 0,69 |
| EUR | 100 000 | 106 501,75 | 0,46 |
| EUR | 400 000 | 417 768,93 | 1,81 |
| EUR | 300 000 | 324 892,36 | 1,41 |
| EUR | 200 000 | 210 460,67 | 0,91 |
| EUR | 200 000 | 207 432,33 | 0,89 |
| EUR | 200 000 | 221 834,08 | 0,96 |
| EUR | 100 000 | 116 383,71 | 0,50 |
| EUR | 150 000 | 156 113,42 | 0,67 |
| EUR | 200 000 | 218 182,72 | 0,94 |
|  |  | 1 979 569,97 | 8,55 |
| EUR | 200 000 | 208 877,75 | 0,90 |
|  |  | 208 877,75 | 0,90 |
|  |  | 23 051 125,05 | 99,46 |
|  |  | 23 051 125,05 | 99,46 |
| USD | 12 | -30 949,54 | -0,14 |
| EUR | -55 | 350,00 |  |
|  |  | -30 599,54 | -0,14 |
|  |  | -30 599,54 | -0,14 |
|  |  | -30 599,54 | -0,14 |
| EUR | -350 | -350,00 |  |
| USD | 36 375 | 30 949,54 | 0,14 |
|  |  | 30 599,54 | 0,14 |
|  |  | 680 088,35 | 2,93 |
|  |  | -524 950,71 | -2,26 |
|  |  | -29 100,84 | -0,13 |
|  |  | 23 177 161,85 | 100,00 |

| Parts B | EUR | 100 921,562 | 105,79 |
| --- | --- | --- | --- |
| Parts A | EUR | 96 735,315 | 105,79 |
| Parts PWM EUR | EUR | 840,000 | 1 001,85 |
| Parts CR | EUR | 14 170,039 | 100,55 |