# Candriam Sustainable Bond Emerging Markets
| Investment portfolio as at December 31, 2020 |  |
| --- | --- |
| Description | Quantity | Currency | Market value (in USD) | % net assets |
| Transferable securities admitted to an official stock exchange listing or dealt in another regulated market |  |  | 2,030,703,885 | 95.44 |
| Bonds |  |  | 1,955,451,880 | 91.91 |
| ALBANIA	3.5 20-27 16/06A | 12,400,000 | EUR | 16,234,061 | 0.76 |
| ALFA SAB 6.875 14-44 25/03S | 9,000,000 | USD | 12,014,550 | 0.56 |
| ARMENIA	7.15 15-25 26/03S | 3,596,000 | USD | 4,154,818 | 0.20 |
| BRAZIL  2.8750 20-25 06/06S | 23,000,000 | USD | 24,011,195 | 1.13 |
| BRAZIL  3.875 20-30 12/06S | 43,000,000 | USD | 45,390,155 | 2.13 |
| BRAZIL 4.50 19-29 30/05S | 15,000,000 | USD | 16,725,300 | 0.79 |
| BRAZIL 4.75 19-50 14/01S | 32,000,000 | USD | 34,246,560 | 1.61 |
| BRAZIL 5.00 14-45 27/01S | 15,000,000 | USD | 16,726,200 | 0.79 |
| CENCOSUD SA	4.375 17-27 17/07S | 7,000,000 | USD | 7,859,670 | 0.37 |
| CENTRAL BANK TUNISIA 5.625 17-24 17/02A | 7,800,000 | EUR | 8,841,942 | 0.42 |
| CENTRAL BANK TUNISIA 5.75 15-25 30/01S | 3,285,000 | USD | 3,007,762 | 0.14 |
| CENTRAL BANK TUNISIA 6.375 19-26 15/07A | 2,500,000 | EUR | 2,805,218 | 0.13 |
| CHILE	2.45 20-31 31/01S | 14,500,000 | USD | 15,559,225 | 0.73 |
| COFIDE 4.75 15-25 15/07S | 5,300,000 | USD | 5,995,095 | 0.28 |
| COLOMBIA	10.375 03-33 28/01S | 3,500,000 | USD | 5,638,115 | 0.27 |
| COLOMBIA	3.0 20-30 30/01Q | 25,000,000 | USD | 26,353,250 | 1.24 |
| COLOMBIA	3.125 20-31 15/04S | 21,000,000 | USD | 22,352,085 | 1.05 |
| COLOMBIA	4.00 13-24 26/02S | 10,000,000 | USD | 10,835,150 | 0.51 |
| COLOMBIA	4.125 20-51 15/05S | 18,500,000 | USD | 20,627,870 | 0.97 |
| COLOMBIA 4.50 18-29 15/03S | 12,000,000 | USD | 13,918,680 | 0.65 |
| COLOMBIA	5.625 14-44 26/02S | 5,000,000 | USD | 6,506,050 | 0.31 |
| COLOMBIA 7.25 19-34 18/10A | 91,000,000,000 | COP | 29,869,574 | 1.40 |
| COSTA RICA 7.008 14-44 04/04S | 9,000,000 | USD | 8,289,765 | 0.39 |
| COSTA RICA 7.158 15-45 12/03S | 6,000,000 | USD | 5,565,270 | 0.26 |
| COTE D IVOIRE	6.625 18-48 22/03A | 8,000,000 | EUR | 10,870,508 | 0.51 |
| CROATIA	1.5 20-31 17/06A | 16,500,000 | EUR | 22,146,261 | 1.04 |
| CROATIA	2.70 18-28 15/06A | 7,000,000 | EUR | 9,994,880 | 0.47 |
| CROATIA REGS	6.00 13-24 26/01S | 16,000,000 | USD | 18,428,800 | 0.87 |
| DOMINICAN REPUBLIC	4.5 20-30 30/01S | 15,000,000 | USD | 16,307,025 | 0.77 |
| DOMINICAN REPUBLIC 4.875 20-32 23/09S | 25,000,000 | USD | 27,704,500 | 1.30 |
| DOMINICAN REPUBLIC 5.50 15-25 27/01S | 10,000,000 | USD | 11,295,250 | 0.53 |
| DOMINICAN REPUBLIC  5.875 20-60 30/01S | 17,500,000 | USD | 19,264,087 | 0.91 |
| DOMINICAN REPUBLIC 6.00 18-28 19/07S | 12,000,000 | USD | 14,368,080 | 0.68 |
| DOMINICAN REPUBLIC 6.40 19-49 05/06S | 11,000,000 | USD | 12,935,010 | 0.61 |
| DOMINICAN REPUBLIC 6.60 13-24 28/01S | 2,000,000 | USD | 2,280,000 | 0.11 |
| DOMINICAN REPUBLIC 6.85 15-45 27/01S | 6,000,000 | USD | 7,332,630 | 0.34 |
| EL SALVADOR 6.375 14-27 18/01S | 4,600,000 | USD | 4,366,435 | 0.21 |
| EL SALVADOR REGS	5.875 12-25 30/01S | 3,000,000 | USD | 2,845,530 | 0.13 |
| EL SALVADOR REG-S 8.25 02-32 10/04S | 15,000,000 | USD | 14,742,975 | 0.69 |
| EMBOTELLADORA ANDINA 3.95 20-50 21/01S | 8,200,000 | USD | 9,254,807 | 0.44 |
| EUROPEAN BK REC	6.4500 17-22 13/12A | 43,500,000,000 | IDR | 3,212,995 | 0.15 |
| EXP IMP BANK INDI REGS 3.37516-25 05/08S | 22,150,000 | USD | 24,021,896 | 1.13 |
| EXPORT IMPORT BANK INDIA 3.25 20-30 15/01S | 30,000,000 | USD | 32,227,500 | 1.52 |
| EXPORT-IMPORT BK IND 3.875 18-28 01/02S | 20,000,000 | USD | 22,090,700 | 1.04 |
| GEORGIA RAILWAY REGS  7.75 12-22 11/07S | 10,000,000 | USD | 10,579,850 | 0.50 |
| GHANA 7.875 19-27 26/03S | 5,000,000 | USD | 5,515,750 | 0.26 |
| GHANA  7.875 20-35 11/02S | 10,000,000 | USD | 10,311,550 | 0.48 |
| GHANA	8.125 19-32 26/03S | 5,400,000 | USD | 5,734,341 | 0.27 |
| GHANA 8.6270 18-49 16/06S | 15,000,000 | USD | 15,372,600 | 0.72 |
| GHANA REGS	8.125 14-26 18/01S | 15,400,000 | USD | 17,296,125 | 0.81 |
| GOVT OF BERMUDA	2.3750 20-30 20/08S | 12,000,000 | USD | 12,633,480 | 0.59 |
| GOVT OF BERMUDA	3.3750 20-50 20/08S | 6,000,000 | USD | 6,482,190 | 0.30 |
| GRUPO BIMBO SAB	4.0000 19-49 06/09S | 9,000,000 | USD | 10,152,765 | 0.48 |

Candriam Sustainable Bond Emerging Markets
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in USD) | % net assets |
| GUATEMALA 4.875 13-28 13/02S | 12,000,000 | USD | 13,822,380 | 0.65 |
| GUATEMALA 4.90 19-30 01/06S | 6,000,000 | USD | 7,018,680 | 0.33 |
| HASHEMITE  4.95 20-25 07/07S | 5,000,000 | USD | 5,323,500 | 0.25 |
| HONDURAS 5.625 20-30 24/06S | 10,500,000 | USD | 11,978,768 | 0.56 |
| HONDURAS	6.25 17-27 19/01S | 8,000,000 | USD | 9,265,120 | 0.44 |
| HUNGARY	1.6250 20-32 28/04A | 11,000,000 | EUR | 14,704,954 | 0.69 |
| HUNGARY	1.75 20-35 05/06A | 5,650,000 | EUR | 7,669,692 | 0.36 |
| HUNGARY  7.625 11-41 29/03S | 10,000,000 | USD | 17,769,650 | 0.84 |
| INDONESIA 3.8500 20-30 15/10S | 8,650,000 | USD | 10,073,747 | 0.47 |
| INDONESIA 4.75 17-47 18/07S | 11,700,000 | USD | 14,685,840 | 0.69 |
| INDONESIA 4.75 18-29 11/02S | 10,000,000 | USD | 12,139,800 | 0.57 |
| INDONESIA 7.00 19-30 15/09S | 275,000,000,000 | IDR | 21,097,694 | 0.99 |
| INDONESIA 7.50 19-35 15/06S | 250,000,000,000 | IDR | 19,661,928 | 0.92 |
| INDONESIA 8.375 13-34 15/03S | 150,000,000,000 | IDR | 12,486,303 | 0.59 |
| INDONESIA GOVERNMENT 3.5 20-50 14/02S | 6,500,000 | USD | 7,074,893 | 0.33 |
| INDONESIA REGS	4.125 15-25 15/01S | 5,000,000 | USD | 5,602,375 | 0.26 |
| INDONESIA REGS	5.95 15-46 08/01S | 6,900,000 | USD | 9,969,982 | 0.47 |
| INTL FINANCE CO	8.0000 18-23 09/10S | 54,000,000,000 | IDR | 4,184,617 | 0.20 |
| INVERSIONES CMPC	4.375 17-27 04/04S | 7,000,000 | USD | 7,985,180 | 0.38 |
| IVORY COAST	4.8750 20-32 30/01A | 2,200,000 | EUR | 2,772,026 | 0.13 |
| JAMAICA (GOV.OF)	8.00 07-39 15/03S | 8,000,000 | USD | 11,695,200 | 0.55 |
| JAMAICA (GOVT OF)	6.75 15-28 28/04S | 6,000,000 | USD | 7,327,290 | 0.34 |
| JAMAICA  7.875 15-45 28/07S | 8,500,000 | USD | 12,195,120 | 0.57 |
| JORDAN  5.8500 20-30 07/07S | 6,000,000 | USD | 6,634,980 | 0.31 |
| JORDAN 7.375 17-47 10/10S | 4,400,000 | USD | 5,152,532 | 0.24 |
| KENYA	7.00 19-27 22/05S | 9,500,000 | USD | 10,493,700 | 0.49 |
| KENYA  8.0 19-32 22/05S | 14,000,000 | USD | 16,355,360 | 0.77 |
| KENYA	8.25 18-48 28/02S | 12,000,000 | USD | 13,834,260 | 0.65 |
| KINGDOM OF JORDAN	5.75 16-27 31/01S | 3,000,000 | USD | 3,316,260 | 0.16 |
| LIMA METRO LINE REGS 4.35 19-36 05/04Q | 15,000,000 | USD | 16,629,300 | 0.78 |
| MAROC REGS	5.50 12-42 11/12S | 13,000,000 | USD | 16,270,085 | 0.76 |
| MEXICAN BONOS	7.75 13-34 23/11S | 9,000,000 | MXN | 53,233,937 | 2.50 |
| MEXICO  2.659 20-31 24/05S | 7,300,000 | USD | 7,498,414 | 0.35 |
| MEXICO	3.771 20-61 24/05S | 9,300,000 | USD | 9,706,828 | 0.46 |
| MEXICO 6.05 07-40 11/01S | 15,500,000 | USD | 20,875,013 | 0.98 |
| MEXICO 8.50 09-29 31/05S | 5,000,000 | MXN | 30,579,905 | 1.44 |
| MEXICO GOV INTER	4.75 20-32 27/04S | 9,000,000 | USD | 10,854,270 | 0.51 |
| MONTENEGRO	2.55 19-29 03/10A | 15,000,000 | EUR | 17,424,667 | 0.82 |
| MOROCCO	1.50 19-31 27/11A | 10,000,000 | EUR | 11,952,860 | 0.56 |
| MOROCCO  3.0000 20-32 15/12S | 9,400,000 | USD | 9,548,755 | 0.45 |
| MOROCCO  4.0 20-50 15/12S | 7,250,000 | USD | 7,496,464 | 0.35 |
| PANAMA 2.2520 20-32 29/09S | 7,750,000 | USD | 8,006,525 | 0.38 |
| PANAMA 3.16 19-30 23/01S | 14,500,000 | USD | 16,118,417 | 0.76 |
| PANAMA	3.75 19-26 17/04S | 3,500,000 | USD | 3,823,750 | 0.18 |
| PANAMA 3.87 19-60 23/07S | 19,500,000 | USD | 23,049,098 | 1.08 |
| PANAMA 4.50 20-56 01/04S | 3,700,000 | USD | 4,780,104 | 0.22 |
| PANAMA 6.70 06-36 26/01S | 10,000,000 | USD | 14,897,750 | 0.70 |
| PARAGUAY 4.95 20-31 28/04S | 20,000,000 | USD | 24,258,700 | 1.14 |
| PARAGUAY 6.10 14-44 11/08S | 12,000,000 | USD | 16,097,460 | 0.76 |
| PERU	1.862 20-32 01/12S | 8,700,000 | USD | 8,799,180 | 0.41 |
| PERU  2.78 20-60 01/12S | 7,050,000 | USD | 7,114,049 | 0.33 |
| PERU 8.75 03-33 21/11S | 1,300,000 | USD | 2,224,456 | 0.10 |
| PERUSAHAAN PENERBIT 3.80 20-50 23/06S | 3,700,000 | USD | 4,090,720 | 0.19 |
| PERUSAHAAN PENERBIT 4.40 18-28 01/03S | 7,800,000 | USD | 9,146,865 | 0.43 |
| PHILIPPINES  1.6480 20-31 10/06S | 5,250,000 | USD | 5,309,902 | 0.25 |
| PHILIPPINES  2.6500 20-45 10/12S | 6,950,000 | USD | 7,067,594 | 0.33 |
| PHILIPPINES	3.00 18-28 01/02S | 17,000,000 | USD | 18,842,120 | 0.89 |
| PHILIPPINES 3.75 19-29 14/01S | 25,000,000 | USD | 29,216,625 | 1.37 |
| PHILIPPINES	9.50 05-30 02/02S | 1,700,000 | USD | 2,807,159 | 0.13 |

Candriam Sustainable Bond Emerging Markets
| Investment portfolio as at December 31, 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Description | Quantity | Currency | Market value (in USD) | % net assets |
| PHILIPPINES GOVT	2.95 20-45 05/05S | 10,000,000 | USD | 10,570,400 | 0.50 |
| REPUBLIC OF CHI	2.5500 20-32 27/01S | 13,200,000 | USD | 14,239,302 | 0.67 |
| REPUBLIC OF PAN	4.5000 18-50 16/04S | 10,000,000 | USD | 12,871,950 | 0.61 |
| REPUBLIC OF PER	2.7830 20-31 23/01S | 10,000,000 | USD | 10,998,450 | 0.52 |
| ROMANIA	1.3750 20-29 02/12A | 2,000,000 | EUR | 2,496,764 | 0.12 |
| ROMANIA	3.0 20-31 14/02S | 16,820,000 | USD | 18,066,110 | 0.85 |
| ROMANIA	3.3750 20-50 28/01A | 7,000,000 | EUR | 9,878,313 | 0.46 |
| ROMANIA	3.6240 20-30 26/05A | 10,000,000 | EUR | 14,634,514 | 0.69 |
| ROMANIA	4.0000 20-51 14/02S | 8,000,000 | USD | 8,720,960 | 0.41 |
| ROMANIA  5.125  18-48 15/06S | 6,000,000 | USD | 7,693,140 | 0.36 |
| ROMANIAN GOVERNMENT 2.75 20-26 26/02A | 7,500,000 | EUR | 10,151,366 | 0.48 |
| ROMANIA REGS	4.875 14-24 22/01S | 9,000,000 | USD | 10,070,010 | 0.47 |
| ROMANIA REGS 6.125 14-44 22/01S | 15,430,000 | USD | 21,844,020 | 1.03 |
| RUMO LUX SARL	5.875 18-25 18/01S | 5,000,000 | USD | 5,301,750 | 0.25 |
| SENEGAL 6.25 17-33 23/05S | 13,900,000 | USD | 15,645,145 | 0.74 |
| SENEGAL	6.75 18-48 13/03S | 12,000,000 | USD | 13,232,640 | 0.62 |
| SERBIA 1.5 19-29 26/06A | 28,000,000 | EUR | 35,507,299 | 1.67 |
| SERBIA 3.1250 20-27 15/05A | 15,334,000 | EUR | 21,132,015 | 0.99 |
| SERBIA INTERNATIONAL 2.125 20-30 01/12S | 10,000,000 | USD | 9,911,450 | 0.47 |
| SOCIEDAD QUIMIC	4.2500 19-29 07/05S | 12,000,000 | USD | 13,840,620 | 0.65 |
| SOCIEDAD QUIMIC	4.2500 20-50 22/01S | 8,000,000 | USD | 9,216,880 | 0.43 |
| SOCIEDAD QUIMICA Y 4.375 14-25 28/01S | 7,000,000 | USD | 7,750,260 | 0.36 |
| SOUTH AFRICA 4.30 16-28 12/10S | 20,600,000 | USD | 21,512,477 | 1.01 |
| SOUTH AFRICA	4.85 19-29 30/09S | 20,000,000 | USD | 21,290,600 | 1.00 |
| SOUTH AFRICA 5.75 19-49 30/09S | 15,000,000 | USD | 15,059,775 | 0.71 |
| SOUTH AFRICA 8.00 13-30 31/01S | 480,000,000 | ZAR | 31,180,251 | 1.47 |
| TURKCELL ILETISIM 5.80 18-28 11/04S | 17,000,000 | USD | 18,090,890 | 0.85 |
| TURK TELEKOM REGS	4.875 14-24 19/06S | 17,000,000 | USD | 17,609,875 | 0.83 |
| UKRAINE 7.253 20-33 15/03S | 22,250,000 | USD | 24,322,031 | 1.14 |
| UNITED MEXICAN	5.0000 20-51 27/04S | 7,000,000 | USD | 8,742,020 | 0.41 |
| URUGUAY	4.375 19-31 23/01S | 9,500,000 | USD | 11,682,767 | 0.55 |
| URUGUAY 4.975 18-55 20/04S | 14,000,000 | USD | 19,508,790 | 0.92 |
| URUGUAY 5.10 14-50 18/06S | 13,800,000 | USD | 19,370,163 | 0.91 |
| Floating rate notes |  |  | 75,252,005 | 3.53 |
| BRAZIL MINAS SPE REGS FL.R 13-28 15/02S | 2,160,000 | USD | 2,356,366 | 0.11 |
| IVORY COAST FL.R 10-32 31/12S | 16,600,000 | USD | 16,761,269 | 0.79 |
| NAMIBIA (REP OF) REGS FL.R 15-25 29/10S | 30,000,000 | USD | 32,359,500 | 1.52 |
| UKRAINE FL.R 15-40 31/05A | 23,000,000 | USD | 23,774,870 | 1.11 |
| Total investment portfolio |  |  | 2,030,703,885 | 95.44 |
| Acquisition cost |  |  | 1,904,907,115 |  |

Candriam Sustainable Bond Emerging Markets Geographical and economic breakdown of investments as at December 31, 2020
| Geographical breakdown (in % of net assets) |  |
| --- | --- |
| Mexico | 7.69 |
| Brazil | 6.80 |
| Colombia | 6.40 |
| Indonesia | 5.92 |
| Dominican Republic | 5.24 |
| Romania | 4.87 |
| South Africa | 4.18 |
| Chile | 4.03 |
| Panama | 3.93 |
| India | 3.68 |
| Philippines | 3.47 |
| Serbia | 3.13 |
| Ghana | 2.55 |
| Peru | 2.43 |
| Croatia | 2.38 |
| Uruguay | 2.37 |
| Ukraine | 2.26 |
| Morocco | 2.13 |
| Kenya | 1.91 |
| Paraguay | 1.90 |
| Hungary | 1.88 |
| Turkey | 1.68 |
| Namibia | 1.52 |
| Jamaica | 1.47 |
| Cote d'Ivoire | 1.43 |
| Senegal | 1.36 |
| El Salvador | 1.03 |
| Honduras | 1.00 |
| Guatemala | 0.98 |
| Jordan | 0.96 |
| Bermuda | 0.90 |
| Montenegro | 0.82 |
| Albania | 0.76 |
| Tunisia | 0.69 |
| Costa Rica | 0.65 |
| Georgia | 0.50 |
| United States | 0.20 |
| Armenia | 0.19 |
| Europe | 0.15 |
|  | 95.44 |
| Economic breakdown (in % of net assets) |  |
| Bonds of States, provinces and municipalities | 81.05 |
| Banks and other financial institutions | 6.73 |
| Communications | 1.68 |
| Chemicals | 1.45 |
| Healthcare and social services | 1.45 |
| Non-Classifiable/Non-Classified Institutions | 0.58 |
| Transportation | 0.50 |
| Foods and non alcoholic drinks | 0.48 |
| Packaging industries | 0.43 |
| Paper and forest products | 0.37 |
| Retail trade and department stores | 0.37 |
| Supranational Organisations | 0.35 |
|  | 95.44 |

Translation (ENFR, 2020-12-31):
# Candriam Sustainable Bond Emerging Markets
| Portefeuille-titres au 31 décembre 2020 |  |
| --- | --- |
| Dénomination | Quantité | Devise | Valeur d’évaluation | % actifs |
|  |  |  | (en USD) | nets |
| Valeurs mobilières admises à la cote officielle d’une bourse de valeurs ou traitées sur un autre marché réglementé |  |  | 2.030.703.885 | 95,44 |
| Obligations |  |  | 1.955.451.880 | 91,91 |
| ALBANIA	3,5 20-27 16/06A | 12.400.000 | EUR | 16.234.061 | 0,76 |
| ALFA SAB 6,875 14-44 25/03S | 9.000.000 | USD | 12.014.550 | 0,56 |
| ARMENIA	7,15 15-25 26/03S | 3.596.000 | USD | 4.154.818 | 0,20 |
| BRAZIL  2,8750 20-25 06/06S | 23.000.000 | USD | 24.011.195 | 1,13 |
| BRAZIL  3,875 20-30 12/06S | 43.000.000 | USD | 45.390.155 | 2,13 |
| BRAZIL 4,50 19-29 30/05S | 15.000.000 | USD | 16.725.300 | 0,79 |
| BRAZIL 4,75 19-50 14/01S | 32.000.000 | USD | 34.246.560 | 1,61 |
| BRAZIL 5,00 14-45 27/01S | 15.000.000 | USD | 16.726.200 | 0,79 |
| CENCOSUD SA	4,375 17-27 17/07S | 7.000.000 | USD | 7.859.670 | 0,37 |
| CENTRAL BANK TUNISIA 5,625 17-24 17/02A | 7.800.000 | EUR | 8.841.942 | 0,42 |
| CENTRAL BANK TUNISIA 5,75 15-25 30/01S | 3.285.000 | USD | 3.007.762 | 0,14 |
| CENTRAL BANK TUNISIA 6,375 19-26 15/07A | 2.500.000 | EUR | 2.805.218 | 0,13 |
| CHILE	2,45 20-31 31/01S | 14.500.000 | USD | 15.559.225 | 0,73 |
| COFIDE 4,75 15-25 15/07S | 5.300.000 | USD | 5.995.095 | 0,28 |
| COLOMBIA	10,375 03-33 28/01S | 3.500.000 | USD | 5.638.115 | 0,27 |
| COLOMBIA	3,0 20-30 30/01Q | 25.000.000 | USD | 26.353.250 | 1,24 |
| COLOMBIA	3,125 20-31 15/04S | 21.000.000 | USD | 22.352.085 | 1,05 |
| COLOMBIA	4,00 13-24 26/02S | 10.000.000 | USD | 10.835.150 | 0,51 |
| COLOMBIA	4,125 20-51 15/05S | 18.500.000 | USD | 20.627.870 | 0,97 |
| COLOMBIA 4,50 18-29 15/03S | 12.000.000 | USD | 13.918.680 | 0,65 |
| COLOMBIA	5,625 14-44 26/02S | 5.000.000 | USD | 6.506.050 | 0,31 |
| COLOMBIA 7,25 19-34 18/10A | 91.000.000.000 | COP | 29.869.574 | 1,40 |
| COSTA RICA 7,008 14-44 04/04S | 9.000.000 | USD | 8.289.765 | 0,39 |
| COSTA RICA 7,158 15-45 12/03S | 6.000.000 | USD | 5.565.270 | 0,26 |
| COTE D IVOIRE	6,625 18-48 22/03A | 8.000.000 | EUR | 10.870.508 | 0,51 |
| CROATIA	1,5 20-31 17/06A | 16.500.000 | EUR | 22.146.261 | 1,04 |
| CROATIA	2,70 18-28 15/06A | 7.000.000 | EUR | 9.994.880 | 0,47 |
| CROATIA REGS	6,00 13-24 26/01S | 16.000.000 | USD | 18.428.800 | 0,87 |
| DOMINICAN REPUBLIC	4,5 20-30 30/01S | 15.000.000 | USD | 16.307.025 | 0,77 |
| DOMINICAN REPUBLIC 4,875 20-32 23/09S | 25.000.000 | USD | 27.704.500 | 1,30 |
| DOMINICAN REPUBLIC 5,50 15-25 27/01S | 10.000.000 | USD | 11.295.250 | 0,53 |
| DOMINICAN REPUBLIC  5,875 20-60 30/01S | 17.500.000 | USD | 19.264.087 | 0,91 |
| DOMINICAN REPUBLIC 6,00 18-28 19/07S | 12.000.000 | USD | 14.368.080 | 0,68 |
| DOMINICAN REPUBLIC 6,40 19-49 05/06S | 11.000.000 | USD | 12.935.010 | 0,61 |
| DOMINICAN REPUBLIC 6,60 13-24 28/01S | 2.000.000 | USD | 2.280.000 | 0,11 |
| DOMINICAN REPUBLIC 6,85 15-45 27/01S | 6.000.000 | USD | 7.332.630 | 0,34 |
| EL SALVADOR 6,375 14-27 18/01S | 4.600.000 | USD | 4.366.435 | 0,21 |
| EL SALVADOR REGS	5,875 12-25 30/01S | 3.000.000 | USD | 2.845.530 | 0,13 |
| EL SALVADOR REG-S 8,25 02-32 10/04S | 15.000.000 | USD | 14.742.975 | 0,69 |
| EMBOTELLADORA ANDINA 3,95 20-50 21/01S | 8.200.000 | USD | 9.254.807 | 0,44 |
| EUROPEAN BK REC	6,4500 17-22 13/12A | 43.500.000.000 | IDR | 3.212.995 | 0,15 |
| EXP IMP BANK INDI REGS 3,37516-25 05/08S | 22.150.000 | USD | 24.021.896 | 1,13 |
| EXPORT IMPORT BANK INDIA 3,25 20-30 15/01S | 30.000.000 | USD | 32.227.500 | 1,52 |
| EXPORT-IMPORT BK IND 3,875 18-28 01/02S | 20.000.000 | USD | 22.090.700 | 1,04 |
| GEORGIA RAILWAY REGS  7,75 12-22 11/07S | 10.000.000 | USD | 10.579.850 | 0,50 |
| GHANA 7,875 19-27 26/03S | 5.000.000 | USD | 5.515.750 | 0,26 |
| GHANA  7,875 20-35 11/02S | 10.000.000 | USD | 10.311.550 | 0,48 |
| GHANA	8,125 19-32 26/03S | 5.400.000 | USD | 5.734.341 | 0,27 |
| GHANA 8,6270 18-49 16/06S | 15.000.000 | USD | 15.372.600 | 0,72 |
| GHANA REGS	8,125 14-26 18/01S | 15.400.000 | USD | 17.296.125 | 0,81 |
| GOVT OF BERMUDA	2,3750 20-30 20/08S | 12.000.000 | USD | 12.633.480 | 0,59 |
| GOVT OF BERMUDA	3,3750 20-50 20/08S | 6.000.000 | USD | 6.482.190 | 0,30 |
| GRUPO BIMBO SAB	4,0000 19-49 06/09S | 9.000.000 | USD | 10.152.765 | 0,48 |

Candriam Sustainable Bond Emerging Markets
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d’évaluation (en USD) | % actifs nets |
| GUATEMALA 4,875 13-28 13/02S | 12.000.000 | USD | 13.822.380 | 0,65 |
| GUATEMALA 4,90 19-30 01/06S | 6.000.000 | USD | 7.018.680 | 0,33 |
| HASHEMITE  4,95 20-25 07/07S | 5.000.000 | USD | 5.323.500 | 0,25 |
| HONDURAS 5,625 20-30 24/06S | 10.500.000 | USD | 11.978.768 | 0,56 |
| HONDURAS	6,25 17-27 19/01S | 8.000.000 | USD | 9.265.120 | 0,44 |
| HUNGARY	1,6250 20-32 28/04A | 11.000.000 | EUR | 14.704.954 | 0,69 |
| HUNGARY	1,75 20-35 05/06A | 5.650.000 | EUR | 7.669.692 | 0,36 |
| HUNGARY  7,625 11-41 29/03S | 10.000.000 | USD | 17.769.650 | 0,84 |
| INDONESIA 3,8500 20-30 15/10S | 8.650.000 | USD | 10.073.747 | 0,47 |
| INDONESIA 4,75 17-47 18/07S | 11.700.000 | USD | 14.685.840 | 0,69 |
| INDONESIA 4,75 18-29 11/02S | 10.000.000 | USD | 12.139.800 | 0,57 |
| INDONESIA 7,00 19-30 15/09S | 275.000.000.000 | IDR | 21.097.694 | 0,99 |
| INDONESIA 7,50 19-35 15/06S | 250.000.000.000 | IDR | 19.661.928 | 0,92 |
| INDONESIA 8,375 13-34 15/03S | 150.000.000.000 | IDR | 12.486.303 | 0,59 |
| INDONESIA GOVERNMENT 3,5 20-50 14/02S | 6.500.000 | USD | 7.074.893 | 0,33 |
| INDONESIA REGS	4,125 15-25 15/01S | 5.000.000 | USD | 5.602.375 | 0,26 |
| INDONESIA REGS	5,95 15-46 08/01S | 6.900.000 | USD | 9.969.982 | 0,47 |
| INTL FINANCE CO	8,0000 18-23 09/10S | 54.000.000.000 | IDR | 4.184.617 | 0,20 |
| INVERSIONES CMPC	4,375 17-27 04/04S | 7.000.000 | USD | 7.985.180 | 0,38 |
| IVORY COAST	4,8750 20-32 30/01A | 2.200.000 | EUR | 2.772.026 | 0,13 |
| JAMAICA (GOV,OF)	8,00 07-39 15/03S | 8.000.000 | USD | 11.695.200 | 0,55 |
| JAMAICA (GOVT OF)	6,75 15-28 28/04S | 6.000.000 | USD | 7.327.290 | 0,34 |
| JAMAICA  7,875 15-45 28/07S | 8.500.000 | USD | 12.195.120 | 0,57 |
| JORDAN  5,8500 20-30 07/07S | 6.000.000 | USD | 6.634.980 | 0,31 |
| JORDAN 7,375 17-47 10/10S | 4.400.000 | USD | 5.152.532 | 0,24 |
| KENYA	7,00 19-27 22/05S | 9.500.000 | USD | 10.493.700 | 0,49 |
| KENYA  8,0 19-32 22/05S | 14.000.000 | USD | 16.355.360 | 0,77 |
| KENYA	8,25 18-48 28/02S | 12.000.000 | USD | 13.834.260 | 0,65 |
| KINGDOM OF JORDAN	5,75 16-27 31/01S | 3.000.000 | USD | 3.316.260 | 0,16 |
| LIMA METRO LINE REGS 4,35 19-36 05/04Q | 15.000.000 | USD | 16.629.300 | 0,78 |
| MAROC REGS	5,50 12-42 11/12S | 13.000.000 | USD | 16.270.085 | 0,76 |
| MEXICAN BONOS	7,75 13-34 23/11S | 9.000.000 | MXN | 53.233.937 | 2,50 |
| MEXICO  2,659 20-31 24/05S | 7.300.000 | USD | 7.498.414 | 0,35 |
| MEXICO	3,771 20-61 24/05S | 9.300.000 | USD | 9.706.828 | 0,46 |
| MEXICO 6,05 07-40 11/01S | 15.500.000 | USD | 20.875.013 | 0,98 |
| MEXICO 8,50 09-29 31/05S | 5.000.000 | MXN | 30.579.905 | 1,44 |
| MEXICO GOV INTER	4,75 20-32 27/04S | 9.000.000 | USD | 10.854.270 | 0,51 |
| MONTENEGRO	2,55 19-29 03/10A | 15.000.000 | EUR | 17.424.667 | 0,82 |
| MOROCCO	1,50 19-31 27/11A | 10.000.000 | EUR | 11.952.860 | 0,56 |
| MOROCCO  3,0000 20-32 15/12S | 9.400.000 | USD | 9.548.755 | 0,45 |
| MOROCCO  4,0 20-50 15/12S | 7.250.000 | USD | 7.496.464 | 0,35 |
| PANAMA 2,2520 20-32 29/09S | 7.750.000 | USD | 8.006.525 | 0,38 |
| PANAMA 3,16 19-30 23/01S | 14.500.000 | USD | 16.118.417 | 0,76 |
| PANAMA	3,75 19-26 17/04S | 3.500.000 | USD | 3.823.750 | 0,18 |
| PANAMA 3,87 19-60 23/07S | 19.500.000 | USD | 23.049.098 | 1,08 |
| PANAMA 4,50 20-56 01/04S | 3.700.000 | USD | 4.780.104 | 0,22 |
| PANAMA 6,70 06-36 26/01S | 10.000.000 | USD | 14.897.750 | 0,70 |
| PARAGUAY 4,95 20-31 28/04S | 20.000.000 | USD | 24.258.700 | 1,14 |
| PARAGUAY 6,10 14-44 11/08S | 12.000.000 | USD | 16.097.460 | 0,76 |
| PERU	1,862 20-32 01/12S | 8.700.000 | USD | 8.799.180 | 0,41 |
| PERU  2,78 20-60 01/12S | 7.050.000 | USD | 7.114.049 | 0,33 |
| PERU 8,75 03-33 21/11S | 1.300.000 | USD | 2.224.456 | 0,10 |
| PERUSAHAAN PENERBIT 3,80 20-50 23/06S | 3.700.000 | USD | 4.090.720 | 0,19 |
| PERUSAHAAN PENERBIT 4,40 18-28 01/03S | 7.800.000 | USD | 9.146.865 | 0,43 |
| PHILIPPINES  1,6480 20-31 10/06S | 5.250.000 | USD | 5.309.902 | 0,25 |
| PHILIPPINES  2,6500 20-45 10/12S | 6.950.000 | USD | 7.067.594 | 0,33 |
| PHILIPPINES	3,00 18-28 01/02S | 17.000.000 | USD | 18.842.120 | 0,89 |
| PHILIPPINES 3,75 19-29 14/01S | 25.000.000 | USD | 29.216.625 | 1,37 |
| PHILIPPINES	9,50 05-30 02/02S | 1.700.000 | USD | 2.807.159 | 0,13 |

Candriam Sustainable Bond Emerging Markets
| Portefeuille-titres au 31 décembre 2020 |  |  |  |  |
| --- | --- | --- | --- | --- |
| Dénomination | Quantité | Devise | Valeur d’évaluation (en USD) | % actifs nets |
| PHILIPPINES GOVT	2,95 20-45 05/05S | 10.000.000 | USD | 10.570.400 | 0,50 |
| REPUBLIC OF CHI	2,5500 20-32 27/01S | 13.200.000 | USD | 14.239.302 | 0,67 |
| REPUBLIC OF PAN	4,5000 18-50 16/04S | 10.000.000 | USD | 12.871.950 | 0,61 |
| REPUBLIC OF PER	2,7830 20-31 23/01S | 10.000.000 | USD | 10.998.450 | 0,52 |
| ROMANIA	1,3750 20-29 02/12A | 2.000.000 | EUR | 2.496.764 | 0,12 |
| ROMANIA	3,0 20-31 14/02S | 16.820.000 | USD | 18.066.110 | 0,85 |
| ROMANIA	3,3750 20-50 28/01A | 7.000.000 | EUR | 9.878.313 | 0,46 |
| ROMANIA	3,6240 20-30 26/05A | 10.000.000 | EUR | 14.634.514 | 0,69 |
| ROMANIA	4,0000 20-51 14/02S | 8.000.000 | USD | 8.720.960 | 0,41 |
| ROMANIA  5,125  18-48 15/06S | 6.000.000 | USD | 7.693.140 | 0,36 |
| ROMANIAN GOVERNMENT 2,75 20-26 26/02A | 7.500.000 | EUR | 10.151.366 | 0,48 |
| ROMANIA REGS	4,875 14-24 22/01S | 9.000.000 | USD | 10.070.010 | 0,47 |
| ROMANIA REGS 6,125 14-44 22/01S | 15.430.000 | USD | 21.844.020 | 1,03 |
| RUMO LUX SARL	5,875 18-25 18/01S | 5.000.000 | USD | 5.301.750 | 0,25 |
| SENEGAL 6,25 17-33 23/05S | 13.900.000 | USD | 15.645.145 | 0,74 |
| SENEGAL	6,75 18-48 13/03S | 12.000.000 | USD | 13.232.640 | 0,62 |
| SERBIA 1,5 19-29 26/06A | 28.000.000 | EUR | 35.507.299 | 1,67 |
| SERBIA 3,1250 20-27 15/05A | 15.334.000 | EUR | 21.132.015 | 0,99 |
| SERBIA INTERNATIONAL 2,125 20-30 01/12S | 10.000.000 | USD | 9.911.450 | 0,47 |
| SOCIEDAD QUIMIC	4,2500 19-29 07/05S | 12.000.000 | USD | 13.840.620 | 0,65 |
| SOCIEDAD QUIMIC	4,2500 20-50 22/01S | 8.000.000 | USD | 9.216.880 | 0,43 |
| SOCIEDAD QUIMICA Y 4,375 14-25 28/01S | 7.000.000 | USD | 7.750.260 | 0,36 |
| SOUTH AFRICA 4,30 16-28 12/10S | 20.600.000 | USD | 21.512.477 | 1,01 |
| SOUTH AFRICA	4,85 19-29 30/09S | 20.000.000 | USD | 21.290.600 | 1,00 |
| SOUTH AFRICA 5,75 19-49 30/09S | 15.000.000 | USD | 15.059.775 | 0,71 |
| SOUTH AFRICA 8,00 13-30 31/01S | 480.000.000 | ZAR | 31.180.251 | 1,47 |
| TURKCELL ILETISIM 5,80 18-28 11/04S | 17.000.000 | USD | 18.090.890 | 0,85 |
| TURK TELEKOM REGS	4,875 14-24 19/06S | 17.000.000 | USD | 17.609.875 | 0,83 |
| UKRAINE 7,253 20-33 15/03S | 22.250.000 | USD | 24.322.031 | 1,14 |
| UNITED MEXICAN	5,0000 20-51 27/04S | 7.000.000 | USD | 8.742.020 | 0,41 |
| URUGUAY	4,375 19-31 23/01S | 9.500.000 | USD | 11.682.767 | 0,55 |
| URUGUAY 4,975 18-55 20/04S | 14.000.000 | USD | 19.508.790 | 0,92 |
| URUGUAY 5,10 14-50 18/06S | 13.800.000 | USD | 19.370.163 | 0,91 |
| Obligations à taux variables |  |  | 75.252.005 | 3,53 |
| BRAZIL MINAS SPE REGS FL,R 13-28 15/02S | 2.160.000 | USD | 2.356.366 | 0,11 |
| IVORY COAST FL,R 10-32 31/12S | 16.600.000 | USD | 16.761.269 | 0,79 |
| NAMIBIA (REP OF) REGS FL,R 15-25 29/10S | 30.000.000 | USD | 32.359.500 | 1,52 |
| UKRAINE FL,R 15-40 31/05A | 23.000.000 | USD | 23.774.870 | 1,11 |
| Total du portefeuille-titres |  |  | 2.030.703.885 | 95,44 |
| Coût d’acquisition |  |  | 1.904.907.115 |  |

Candriam Sustainable Bond Emerging Markets Répartition géographique et économique du portefeuille-titres au 31 décembre 2020
| Répartition géographique (en % des actifs nets) |  |
| --- | --- |
| Mexique | 7,69 |
| Brésil | 6,80 |
| Colombie | 6,40 |
| Indonésie | 5,92 |
| Dominicaine, République | 5,24 |
| Roumanie | 4,87 |
| Afrique du Sud | 4,18 |
| Chili | 4,03 |
| Panama | 3,93 |
| Inde | 3,68 |
| Philippines | 3,47 |
| Serbie | 3,13 |
| Ghana | 2,55 |
| Pérou | 2,43 |
| Croatie | 2,38 |
| Uruguay | 2,37 |
| Ukraine | 2,26 |
| Maroc | 2,13 |
| Kenya | 1,91 |
| Paraguay | 1,90 |
| Hongrie | 1,88 |
| Turquie | 1,68 |
| Namibie | 1,52 |
| Jamaïque | 1,47 |
| Côte D'Ivoire | 1,43 |
| Sénégal | 1,36 |
| Le Salvador | 1,03 |
| Honduras | 1,00 |
| Guatemala | 0,98 |
| Jordanie | 0,96 |
| Bermudes | 0,90 |
| Le Monténégro | 0,82 |
| Albanie | 0,76 |
| Tunisie | 0,69 |
| Costa Rica | 0,65 |
| Géorgie | 0,50 |
| États-Unis | 0,20 |
| Arménie | 0,19 |
| Europe | 0,15 |
|  | 95,44 |
| Répartition économique (en % des actifs nets) |  |
| Obligations d'Etats, de Provinces et communes | 81,05 |
| Banques et autres institutions financières | 6,73 |
| Télécommunication | 1,68 |
| Chimie | 1,45 |
| Service de santé publique et service social | 1,45 |
| Institutions non classifiables / non classifiées | 0,58 |
| Transports | 0,50 |
| Industrie agro-alimentaire | 0,48 |
| Industries d'emballage | 0,43 |
| Papier et bois | 0,37 |
| Distribution, commerce de détail | 0,37 |
| Organisations supranationales | 0,35 |
|  | 95,44 |