# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
15.15%
10.93%
15.04%
15.76%
11.01%
10.93%
11.44%
17.50%
9.21%
9.21%
15.00%
8.24%
7.49%
6.41%
12.50%
5.80%
5.29%
6.09%
5.33%
4.95%
4.20%
4.60%
4.25%
10.00%
2.93%
3.61%
3.10%
2.82%
1.90%
2.44%
1.77%
2.36%
3.59%
7.50%
0.90%
0.74%
0.77%
0.65%
0.00%
0.00%
1.08%
0.00%
0.00%
5.00%
2.50%
Healthcare
Energy
Media
Telecommunications
Technology &
Electronics
Basic Industry
Capital Goods
Services
Consumer Goods
Financial Services
Leisure
Retail
Transportation
Real Estate
Utility
Automotive
Insurance
Banking
Cash
0.00%
Portfolio	Performance Indicator*
35.95%
30.16%
29.15%
28.80%
25.82%
23.50%
31.48%
24.89%
27.67%
35.95%
23.87%
23.01%

## Modified duration to worst breakdown	Years to maturity breakdown
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20
40%
35%
30%
25%
20%
15%
10%
5%
0%
3.59%
0.00%
0.41%
0.00%
3.59%
0.00%
12.43%
8.32%
0.96%
5.36%
0.00%
2.48%
Cash	0-1
year
4.63%
12.27%
1-3
years
3-5
years
5-7
years
7-10
years
0.44%
3.69%
10-20
years
0.00%
1.59%
+20
years
Portfolio	Performance Indicator*	Portfolio	Performance Indicator*
| Portfolio analysis |  |
| --- | --- |
| Top 10 holdings |  |  |  |  |  |  |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| SOPHIA LP/FIN INC | 9.000 | 30/09/23 | Technology & Electronics | 1.88 | CCC | 1.34% |
| KENAN ADVANTAGE GROUP | 7.875 | 31/07/23 | Transportation | 1.81 | CCC | 1.16% |
| JAGUAR HL / PPDI | 6.375 | 01/08/23 | Healthcare | 2.69 | CCC | 1.11% |
| STAPLES INC | 8.500 | 15/09/25 | Services | 5.17 | B | 1.09% |
| PBF LOGISTICS LP/FINANCE | 6.875 | 15/05/23 | Energy | 2.47 | B | 1.07% |
| ALTICE LUXEMBOURG SA | 7.750 | 15/05/22 | Media | 3.27 | B | 1.01% |
| SPRINT CORP | 7.875 | 15/09/23 | Telecommunications | 4.15 | B | 0.95% |
| 1011778 BC / NEW RED FIN | 4.625 | 15/01/22 | Retail | 3.14 | B | 0.94% |
| CCO HLDGS LLC/CAP CORP | 5.875 | 01/05/27 | Media | 6.77 | BB | 0.90% |
| AMERICAN MIDSTREAM PTR/F | 9.250 | 15/12/21 | Energy | 2.89 | B | 0.89% |
| Number of Holdings | 228 |  |  |  |  |  |

53.65%

## Rating breakdown
45.73%
60%
41.20%
55%
50%
45%
40%
24.65%
35%
17.22%
30%
12.97%
25%
20%
3.59%
15%
0.07%
0.06%
0.83%
0.03%
0.00%
10%
5%
0%
BBB	BB	B	CCC	NR	Cash
Portfolio	Performance Indicator*

## Currency breakdown
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
USD	Cash
Portfolio	Performance Indicator*

## Country Breakdown
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
United States	Canada	Netherlands	Luxemburg	Other	Cash
Portfolio	Performance Indicator*

Translation (ENFR, 2018-08-31):
# Analyse du portefeuille
## Caractéristique du portefeuille

## Caractéristique du portefeuille

## Exposition sectorielle
15.15%
15.04%
15.76%
17.50%
10.93%
11.01%
10.93%
11.44%
15.00%
9.21%
9.21%
8.24%
7.49%
12.50%
5.80%
6.41%
5.29%
6.09%
5.33%
4.95%
10.00%
2.93%
3.61%
4.20%
3.10%
4.60%
2.82%
4.25%
2.44%
3.59%
7.50%
1.90%
0.90%
0.74%
0.77%
0.65%
0.00%
1.77%
0.00%
1.08%
0.00%
2.36%
0.00%
5.00%
2.50%
Sante
Energie
Médias
Télécom.
Tech. & Elec.
Industrie
Biens d’équip.
Services
Biens de
consommation
Services
Financiers
Loisirs
Produits de
détail
Transport
Immobilier
Serv. aux
collect.
Automobile
Assurances
Bancaires
Cash
0.00%
Portefeuille	Indicateur de performance*
35.95%
30.16%
29.15%
28.80%
25.82%
23.50%
31.48%
24.89%
27.67%
35.95%
23.87%
23.01%

## Exposition à la Modified Duration to Worst	Exposition par maturité
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20
40%
35%
30%
25%
20%
15%
10%
5%
0%
3.59%
0.00%
0.41%
0.00%
3.59%
0.00%
12.43%
8.32%
0.96%
5.36%
0.00%
2.48%
Cash	0-1
an
4.63%
12.27%
1-3
ans
3-5
ans
5-7
ans
7-10
ans
0.44%
3.69%
10-20
ans
0.00%
1.59%
+ 20
ans
Portefeuille	Indicateur de performance*	Portefeuille	Indicateur de performance*
| Analyse du portefeuille |  |
| --- | --- |
| Les 10 principales lignes |  |  |  |  |  |  |
| Emetteur | Coupon | Maturité | Secteur | Modified duration to worst | Rating | Poids |
| SOPHIA LP/FIN INC | 9.000 | 30/09/23 | Tech. & Elec. | 1.88 | CCC | 1.34% |
| KENAN ADVANTAGE GROUP | 7.875 | 31/07/23 | Transport | 1.81 | CCC | 1.16% |
| JAGUAR HL / PPDI | 6.375 | 01/08/23 | Sante | 2.69 | CCC | 1.11% |
| STAPLES INC | 8.500 | 15/09/25 | Services | 5.17 | B | 1.09% |
| PBF LOGISTICS LP/FINANCE | 6.875 | 15/05/23 | Energie | 2.47 | B | 1.07% |
| ALTICE LUXEMBOURG SA | 7.750 | 15/05/22 | Médias | 3.27 | B | 1.01% |
| SPRINT CORP | 7.875 | 15/09/23 | Télécom. | 4.15 | B | 0.95% |
| 1011778 BC / NEW RED FIN | 4.625 | 15/01/22 | Produits de détail | 3.14 | B | 0.94% |
| CCO HLDGS LLC/CAP CORP | 5.875 | 01/05/27 | Médias | 6.77 | BB | 0.90% |
| AMERICAN MIDSTREAM PTR/F | 9.250 | 15/12/21 | Energie | 2.89 | B | 0.89% |
| Nombre de lignes | 228 |  |  |  |  |  |

53.65%

## Exposition par rating
45.73%
60%
41.20%
55%
50%
45%
40%
24.65%
35%
17.22%
30%
12.97%
25%
20%
3.59%
15%
0.07%
0.06%
0.83%
0.03%
0.00%
10%
5%
0%
BBB	BB	B	CCC	NR	Cash
Portefeuille	Indicateur de performance*

## Exposition par devise
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
USD	Cash
Portefeuille	Indicateur de performance*

## Exposition par pays
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Etats-Unis	Canada	Pays-Bas	Luxembourg	Autres	Cash
Portefeuille	Indicateur de performance*