# ANALYSIS OF THE NET PERFORMANCE
#### ANNUALIZED MONTHLY PERFORMANCES AND SPREAD WITH BENCHMARK
ISIN code : FR0010413583
Bloomberg code : CPRCASI FP
Minimum recommended investment horizon : From one week to three months
Risk scale (according to KIID) :
Money Market NAV Type : Variable NAV
Lower risk	Higher risk
Potentially lower return	Potentially higher return
-0.4 %
-0.45 %
-0.5 %
-0.55 %
-0.6 %
5
0
-5
-10
Non-capital guaranteed fund

## KEY FIGURES
-0.65 %
07/20  08/20  09/20  10/20 11/20  12/20  01/21 02/21  03/21 04/21  05/21  06/21
Portfolio Benchmark Basis points spread
-15
Net Asset Value (NAV) : 11,082,560.09 ( EUR )
Assets Under Management (AUM) : 2,013.19 ( million EUR )
Last coupon : -

## KEY PEOPLE
Management company : CPR ASSET MANAGEMENT Fund manager : Julien Lévy / Lucie Dronneau Custodian / Administrator :
CACEIS Bank / CACEIS Fund Administration France

##  OPERATION & FEES
Frequency of NAV calculation : Daily Order cut-off time : 12:00
Execution NAV / Redemption Date : D / D Minimum initial subscription : 1 share(s) Minimum subsequent subscription : 1 share(s) Subscription fee (max) : 0.05%
Redemption fee : 0.05%
Annual management charges (max.) : 0.03% Performance fees : Yes

#### ANNUALISED PERFORMANCES ¹
| Since | 30/12/2020 | 31/05/2021 | 31/03/2021 | 30/06/2020 | 28/06/2018 | 30/06/2016 | 30/06/2011 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | -0.57% | -0.58% | -0.57% | -0.54% | -0.43% | -0.37% | -0.02% |
| Benchmark | -0.55% | -0.56% | -0.56% | -0.51% | -0.44% | -0.41% | -0.14% |
| Spread | -0.02% | -0.02% | -0.01% | -0.03% | 0.01% | 0.04% | 0.12% |

YTD	1 month	3 months	1 year	3 years	5 years	10 years
¹ Data corresponding to periods of more than a year are annualised.
2020	2019	2018	2017	2016

#### ANNUAL PERFORMANCES ²
| Portfolio | -0.46% | -0.37% | -0.35% | -0.30% | -0.12% |
| --- | --- | --- | --- | --- | --- |
| Benchmark | -0.47% | -0.40% | -0.37% | -0.36% | -0.32% |
| Spread | 0.00% | 0.03% | 0.02% | 0.06% | 0.21% |

² Performance varies over time and is not a reliable indication of future results. The investments are subject to market fluctuations and may gain or lose value.

#### RISK ANALYSIS
1 year	3 years	5 years
Portfolio volatility	0.01%	0.01%	0.02%
Benchmark volatility	0.01%	0.01%	0.01%
Annualised data
All details are available in the legal documentation
CPR Asset Management, S.A capital of 53 445 705 € - 399 392 141 RCS Paris - SGP approved AMF n° GP01-056.
90, Boulevard Pasteur 75015 Paris - France - 01 53 15 70 00 www.cpr-am.fr

## RETURN ON

#### PORTOFOLIO ANALYSIS
GLOBAL ANALYSIS

##### 	UCIT	
WAM4
WAL Regulatory42
Agency average LT rating	BBB+
Nb of issuers30
Number of lines44
Liquidity inf. 7 days	48.14%
Liquidités 24h	39.70%

#### BREAKDOWN BY INSTRUMENT TYPE (AS % OF TOTAL ASSETS)
MATURITY BREAKDOWN
0-1 month
1-3 months
> 3 months
Cash
0 %	10 %	20 %	30 %	40 %	50 %	60 %
Portfolio

#### PORTFOLIO STRUCTURE
60 %
40 %
48.14 %
20 %
WEIGHT
35.86 %
TCN
DAT
Bond
0 %
Liquidities
Putable
Liquidity Financials Corporates Sovereigns/Supra/Agencies

#### EVOLUTION OF WAL AND WAM (IN DAYS)	BREAKDOWN BY EMISSION RATING
10	60
8	50
WAL
WAM
6	40
4	30
2	20
AA A BBB+ BBB BBB-
06/20
07/20
08/20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
0
WAM (4)	WAL (put days) (40)
NR
10
04/21
05/21
06/21
Liquidites
0 %	10 %	20 %	30 %	40 %	50 %	60 %
WAL (Weighted Average Life) : credit duration in days
WAM (Weighted Average Maturity) : modified duration in days
Agency Internal
| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  | Portfolio | Maturity | Country | Instrument Group | Counterparty |
| BRED BANQUE POPULAIRE | 5.85% | - | France | Money market | - |
| SG ISSUER SA | 4.71% | 29/11/2021 | Luxembourg | Bonds | - |
| BNP PARIBAS SA | 4.17% | - | France | Money market | - |
| CREDIT AGRICOLE SA | 3.49% | 30/09/2021 | France | Money market | - |
| BELFIUS BANK SA | 2.98% | - | Belgium | Money market | - |
| PURPLE PROTECTED ASSET | 2.48% | 17/11/2021 | Luxembourg | Bonds | - |
| ENGIE SA | 2.23% | - | France | Money market | - |
| INTESA SANPAOLO BANK IRELAND | 2.00% | 30/09/2021 | Italy | Money market | - |
| INTESA SANPAOLO BANK LUX SA | 1.99% | 06/09/2021 | Luxembourg | Money market | - |
| DANONE | 1.99% | 10/08/2021 | France | Money market | - |

For reverse repurchase, displayed maturity is of 1 day. It corresponds to the time necessary to settle the transaction
* Counterparty column: information only available for the reverse repurchase
| COUNTRY / SECTORS / MATURITIES MATRIX |  |
| --- | --- |
|  | 0-1 month | 1-3 months | > 3 months | Total |
| Euro Zone | 17.42% | 27.99% | 4.71% | 50.12% |
| Belgium | 0.99% | 1.99% | - | 2.98% |
| Financials | 0.99% | 1.99% | - | 2.98% |
| France | 8.69% | 17.79% | 0.00% | 26.48% |
| Financials | 2.93% | 14.56% | 0.00% | 17.48% |
| Govies & agencies | 0.74% | - | - | 0.74% |
| Corporate | 5.01% | 3.23% | - | 8.25% |
| Germany | 1.99% | - | - | 1.99% |
| Corporate | 1.99% | - | - | 1.99% |
| Italy | 0.79% | 3.49% | - | 4.29% |
| Financials | - | 3.49% | - | 3.49% |
| Corporate | 0.79% | - | - | 0.79% |
| Luxembourg | 2.48% | 1.99% | 4.71% | 9.18% |
| Financials | 2.48% | 1.99% | 4.71% | 9.18% |
| Spain | 2.48% | 2.73% | - | 5.21% |
| Financials | 0.50% | 2.23% | - | 2.73% |
| Corporate | 1.99% | 0.50% | - | 2.48% |
| Rest of the world | 0.74% | 0.99% | - | 1.74% |
| United Kingdom | - | 0.99% | - | 0.99% |
| Corporate | - | 0.99% | - | 0.99% |
| United States | 0.74% | - | - | 0.74% |
| Financials | 0.74% | - | - | 0.74% |
| Cash | 18.56% | 2.13% | 27.45% | 48.14% |

Translation (ENFR, 2021-06-30):
# ANALYSE DE LA PERFORMANCE
#### PERFORMANCES MENSUELLES ANNUALISEES ET ECART AVEC L'INDICE
-0,4 %	5
-0,45 %
0
-0,5 %
-5
-0,55 %
Fonds non garanti en capital
Rendement potentiellement plus faible

## CHIFFRES CLES
Rendement potentiellement
plus élevé
-0,6 %
-0,65 %
07/20  08/20  09/20  10/20 11/20  12/20  01/21 02/21  03/21 04/21  05/21  06/21
Portefeuille Indice Ecart en points de base
-10
-15
Valeur Liquidative (VL) : 11 082 560,09 ( EUR ) Actif géré : 2 013,19 ( millions EUR )
Derniers coupons versés : -

##  ACTEURS
Société de gestion : CPR ASSET MANAGEMENT Gérants : Julien Lévy / Lucie Dronneau Dépositaire / Valorisateur :
CACEIS Bank / CACEIS Fund Administration France

##  MODALITES DE FONCTIONNEMENT
Fréquence de valorisation : Quotidienne Heure limite d'ordre : 12:00
VL d'éxécution / Date de valeur rachat : J / J Minimum 1ère souscription : 1 action(s) Minimum souscription suivante : 1 action(s) Frais d'entrée (max) : 0,05%
Frais de sortie (max) : 0,05%
Frais de gestion annuels (max) : 0,03% Commission de surperformance : Oui

#### PERFORMANCES NETTES PAR PERIODE GLISSANTE ¹
| Depuis le | 30/12/2020 | 31/05/2021 | 31/03/2021 | 30/06/2020 | 28/06/2018 | 30/06/2016 | 30/06/2011 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille | -0,57% | -0,58% | -0,57% | -0,54% | -0,43% | -0,37% | -0,02% |
| Indice | -0,55% | -0,56% | -0,56% | -0,51% | -0,44% | -0,41% | -0,14% |
| Ecart | -0,02% | -0,02% | -0,01% | -0,03% | 0,01% | 0,04% | 0,12% |

Depuis le	1 mois	3 mois	1 an	3 ans	5 ans	10 ans
¹ Les données supérieures à un an sont annualisées.
2020	2019	2018	2017	2016

#### PERFORMANCES NETTES PAR ANNÉE CIVILE ²
| Portefeuille | -0,46% | -0,37% | -0,35% | -0,30% | -0,12% |
| --- | --- | --- | --- | --- | --- |
| Indice | -0,47% | -0,40% | -0,37% | -0,36% | -0,32% |
| Ecart | 0,00% | 0,03% | 0,02% | 0,06% | 0,21% |

² Les performances passées ne sont pas constantes dans le temps et ne sont pas un indicateur fiable des performances futures. Les investissements sont soumis aux fluctuations de marché et peuvent varier à la hausse comme à la baisse.

#### ANALYSE DU RISQUE
1 an	3 ans	5 ans
Volatilité du portefeuille	0,01%	0,01%	0,02%
Volatilité de l'indice	0,01%	0,01%	0,01%
Données annualisées
Tous les détails sont disponibles dans la documentation juridique
CPR Asset Management, Société anonyme au capital de 53 445 705 € - 399 392 141 RCS Paris - SGP agréée par AMF n° GP01-056.
90, Boulevard Pasteur 75015 Paris - France - 01 53 15 70 00 www.cpr-am.fr

## INNOVER POUR LA

#### ANALYSE DU PORTEFEUILLE GLOBAL
ANALYSE GLOBALE

##### 	Portefeuille	
WAM4
WAL Réglementaire42
Note Moy. Agence LT	BBB+
Nb. Emetteurs en PTF30
Nb. Lignes en PTF44
Liquidités	48,14%
Liquidités 24h	39,70%

#### REPARTITION PAR TYPES D'INSTRUMENTS (EN % DE L'ACTIF)
RÉPARTITION PAR MATURITÉS
0-1 mois
1-3 mois
> 3 mois
Liquidités
0 %	10 %	20 %	30 %	40 %	50 %	60 %
Portefeuille

#### REPARTITION PAR TYPES D'EMETTEURS
60 %
40 %
20 %
WEIGHT
48,14 %
35,86 %
TCN
DAT
0 %
Liquidités
Putable
Obligations
Liquidités Finance Corporate Etats et Agences

#### EVOLUTION DE LA WAL ET DE LA WAM (EN JOURS)	REPARTITION DES EMISSIONS PAR NOTATIONS LONG TERME
10	60
8	50
WAL
WAM
6	40
4	30
2	20
AA A BBB+ BBB BBB-
06/20
07/20
08/20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21
0	10
WAM (4) WAL (date de put) (40)
NR
Liquidites
0 %	10 %	20 %	30 %	40 %	50 %	60 %
WAL (Weighted Average Life) : Durée de vie moyenne pondérée (DVMP) exprimée en nombre de jours
WAM (Weighted Average Maturity) : Maturité moyenne pondérée (MMP) exprimée en nombre de jours
Agence Interne
| PRINCIPALES LIGNES EN PORTEFEUILLE |  |
| --- | --- |
|  | Portefeuille | Maturité | Pays | Groupe d'instrument | Contrepartie |
| BRED BANQUE POPULAIRE | 5,85% | - | France | Monétaire | - |
| SG ISSUER SA | 4,71% | 29/11/2021 | Luxembourg | Obligations | - |
| BNP PARIBAS SA | 4,17% | - | France | Monétaire | - |
| CREDIT AGRICOLE SA | 3,49% | 30/09/2021 | France | Monétaire | - |
| BELFIUS BANK SA | 2,98% | - | Belgique | Monétaire | - |
| PURPLE PROTECTED ASSET | 2,48% | 17/11/2021 | Luxembourg | Obligations | - |
| ENGIE SA | 2,23% | - | France | Monétaire | - |
| INTESA SANPAOLO BANK IRELAND | 2,00% | 30/09/2021 | Italie | Monétaire | - |
| INTESA SANPAOLO BANK LUX SA | 1,99% | 06/09/2021 | Luxembourg | Monétaire | - |
| DANONE | 1,99% | 10/08/2021 | France | Monétaire | - |

Pour les prises en pension, la maturité affichée correspond au temps nécessaire pour déboucler l'opération
* Colonne contrepartie: information uniquement disponible pour les prises en pension
| MATRICE PAYS / SECTEURS / MATURITES |  |
| --- | --- |
|  | 0-1 mois | 1-3 mois | > 3 mois | Total |
| Zone Euro | 17,42% | 27,99% | 4,71% | 50,12% |
| Belgique | 0,99% | 1,99% | - | 2,98% |
| Finance | 0,99% | 1,99% | - | 2,98% |
| France | 8,69% | 17,79% | 0,00% | 26,48% |
| Finance | 2,93% | 14,56% | 0,00% | 17,48% |
| Etats & Agences | 0,74% | - | - | 0,74% |
| Corporate | 5,01% | 3,23% | - | 8,25% |
| Allemagne | 1,99% | - | - | 1,99% |
| Corporate | 1,99% | - | - | 1,99% |
| Italie | 0,79% | 3,49% | - | 4,29% |
| Finance | - | 3,49% | - | 3,49% |
| Corporate | 0,79% | - | - | 0,79% |
| Luxembourg | 2,48% | 1,99% | 4,71% | 9,18% |
| Finance | 2,48% | 1,99% | 4,71% | 9,18% |
| Espagne | 2,48% | 2,73% | - | 5,21% |
| Finance | 0,50% | 2,23% | - | 2,73% |
| Corporate | 1,99% | 0,50% | - | 2,48% |
| Reste du monde | 0,74% | 0,99% | - | 1,74% |
| Royaume-Uni | - | 0,99% | - | 0,99% |
| Corporate | - | 0,99% | - | 0,99% |
| Etats-Unis | 0,74% | - | - | 0,74% |
| Finance | 0,74% | - | - | 0,74% |
| Liquidités | 18,56% | 2,13% | 27,45% | 48,14% |