# ESG Characteristics
|  | ESG Benchmark | ESG Integration | Engagement | Exclusion Criteria | Proxy Voting |
| --- | --- | --- | --- | --- | --- |
| Applied criteria |  |  |  |  | □ |
|  |  |  |  |  |  |
| Top 10 issuers In % of total economic exposure Issuer name |  |  |  |  | Weight |
| FRANCE (REPUBLIC OF) |  |  |  |  | 5.10 |
| KFW |  |  |  |  | 4.75 |
| EUROPEAN INVESTMENT BANK |  |  |  |  | 4.68 |
| GERMANY (FEDERAL REPUBLIC OF) |  |  |  |  | 3.46 |
| EUROPEAN UNION |  |  |  |  | 2.93 |
| SOCIETE DU GRAND PARIS |  |  |  |  | 2.31 |
| UNITED KINGDOM (GOVERNMENT OF) |  |  |  |  | 2.12 |
| NETHERLANDS (KINGDOM OF) |  |  |  |  | 1.67 |
| CHINA DEVELOPMENT BANK |  |  |  |  | 1.57 |
| TENNET HOLDING BV |  |  |  |  | 1.47 |
|  |  |  |  |  |  |
| Top 10 positions - ESG Characteristics Instrument Name | Weight | GICS sector |  | ESG rating | Controversy flag |
| FRANCE (REPUBLIC OF) | 3.80% | FI Securities |  | A | n.a. |
| NETHERLANDS (KINGDOM OF) | 1.67% | FI Securities |  | A | n.a. |
| EUROPEAN UNION | 1.62% | Financials |  | A | n.a. |
| UK CONV GILT | 1.51% | FI Securities |  | A | n.a. |
| FRANCE (REPUBLIC OF) | 1.30% | FI Securities |  | A | n.a. |
| BELGIUM (KINGDOM OF) | 1.24% | Financials |  | A | n.a. |
| BUONI POLIENNALI DEL TES | 1.02% | FI Securities |  | BBB | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.96% | FI Securities |  | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.96% | FI Securities |  | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.88% | FI Securities |  | AA | n.a. |

2 
The fund’s risk and reward profile shows the variations in value an investment in this fund would have undergone over the past five years, whereby simulated performance data is used in the case of missing history. The fund’s risk rating may change in the future. Please note, higher possible gains generally also mean higher possible losses. The lowest risk category does not mean that the fund is risk free.
| ESG overview |  |
| --- | --- |
| ESG Portfolio against traditional benchmark |
|  | Portfolio | Benchmark |
| Overall ESG quality rating | AA | AA |
| Overall ESG quality score | 8.21 | 8.22 |
| ESG score environment | 6.34 | 6.30 |
| ESG score social | 6.07 | 6.01 |
| ESG score governance | 6.50 | 6.50 |
| Coverage for MSCI Rating/Scoring | 95.42% | 94.81% |
| Weighted Average MSCI Carbon Intensity (Tons of CO2e/$M sales) | 323.79 | 294.62 |
|  |  |  |
| Asset breakdown - by ESG rating In % of total economic exposure (ESG Portfolio against traditional benchmark) |  |  |

Benchmark 

## Portfolio	Benchmark	Relative	
Portfolio 
| AAA | 20.54 | 19.84 | 0.70 |  |
| --- | --- | --- | --- | --- |
| AA | 27.91 | 27.56 | 0.35 |  |
| A | 30.81 | 31.07 | -0.27 |  |
| BBB | 10.17 | 10.41 | -0.24 |  |
| BB | 2.26 | 2.45 | -0.19 |  |
| B | 3.73 | 3.48 | 0.25 |  |
| CCC | 0.02 | - | 0.02 |  |
| Not ratable | 0.15 | - | 0.15 |  |
| No data coverage | 4.43 | 5.19 | -0.76 |  |

Translation (ENFR, 2022-08-31):
# Caractéristiques ESG
## Indice de référence Intégration de critères

## Engagement Critères d’exclusion Vote par procuration

## ESG	ESG

## Critères appliqués					
| 10 plus larges émetteurs en % de l’exposition économique totale Nom de l’émetteur |  |  |  | Pondération |
| --- | --- | --- | --- | --- |
| FRANCE (REPUBLIC OF) |  |  |  | 5.10 |
| KFW |  |  |  | 4.75 |
| EUROPEAN INVESTMENT BANK |  |  |  | 4.68 |
| GERMANY (FEDERAL REPUBLIC OF) |  |  |  | 3.46 |
| EUROPEAN UNION |  |  |  | 2.93 |
| SOCIETE DU GRAND PARIS |  |  |  | 2.31 |
| UNITED KINGDOM (GOVERNMENT OF) |  |  |  | 2.12 |
| NETHERLANDS (KINGDOM OF) |  |  |  | 1.67 |
| CHINA DEVELOPMENT BANK |  |  |  | 1.57 |
| TENNET HOLDING BV |  |  |  | 1.47 |
|  |  |  |  |  |
| 10 premières positions - Caractéristiques ESG Nom de l’instrument | Pondération | Secteur GICS | Notation ESG | Indice de controverse |
| FRANCE (REPUBLIC OF) | 3.80% | Titres à revenu fixe | A | n.a. |
| NETHERLANDS (KINGDOM OF) | 1.67% | Titres à revenu fixe | A | n.a. |
| EUROPEAN UNION | 1.62% | Financiers | A | n.a. |
| UK CONV GILT | 1.51% | Titres à revenu fixe | A | n.a. |
| FRANCE (REPUBLIC OF) | 1.30% | Titres à revenu fixe | A | n.a. |
| BELGIUM (KINGDOM OF) | 1.24% | Financiers | A | n.a. |
| BUONI POLIENNALI DEL TES | 1.02% | Titres à revenu fixe | BBB | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.96% | Titres à revenu fixe | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.96% | Titres à revenu fixe | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 0.88% | Titres à revenu fixe | AA | n.a. |

2 
Le profil risque/rendement du fonds montre les variations de valeur qu’un investissement dans ce fonds auraient subies au cours des cinq dernières années, au moyend’une simulation des données de la performance dans le cas d’une absence d’historique. L’évaluation des risques du fonds peut être amenée à changer à l’avenir. Veuillez noter que des bénéfices plus élevés impliquent aussi généralement des pertes plus élevées. Le niveau de risque le plus faible ne signifie pas que le fonds soit sans risque.
| Vue d’ensemble des critères ESG |  |
| --- | --- |
| Portefeuille ESG contre indice de référence traditionnel |
|  | Portefeuille | Indice de référence |
| Rating qualité ESG global | AA | AA |
| Score qualité ESG global | 8.21 | 8.22 |
| Environnement | 6.34 | 6.30 |
| Social | 6.07 | 6.01 |
| Gouvernance | 6.50 | 6.50 |
| Couverture pour rating/score MSCI | 95.42% | 94.81% |
| Moyenne pondérée MSCI intensité carbone (tonnes d’ém. CO2 / mio.$ de C.A.) | 323.79 | 294.62 |
|  |  |  |
| Répartition des actifs - par rating ESG En % de l’exposition économique totale (Portefeuille ESG contre indice de référence traditionnel) |  |  |


## Relatif

## Portefeuille		Indice de référence
Portefeuille 
Indice de référence 
| AAA | 20.54 | 19.84 | 0.70 |  |
| --- | --- | --- | --- | --- |
| AA | 27.91 | 27.56 | 0.35 |  |
| A | 30.81 | 31.07 | -0.27 |  |
| BBB | 10.17 | 10.41 | -0.24 |  |
| BB | 2.26 | 2.45 | -0.19 |  |
| B | 3.73 | 3.48 | 0.25 |  |
| CCC | 0.02 | - | 0.02 |  |
| Non évaluable | 0.15 | - | 0.15 |  |
| Aucun couverture de données | 4.43 | 5.19 | -0.76 |  |