# Portfolio analysis
18.39%
13.83%
15.47%
17.02%
13.15%
16.50%
13.00%
13.61%
24.82%
25.33%
79.08%
84.82%

## Rating breakdown	Maturity Breakdown
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
0.00%
AAA	AA	A	BBB	Cash
27.50%
25.00%
22.50%
20.00%
17.50%
15.00%
12.50%
10.00%
7.50%
5.00%
2.50%
0.00%
2.80%
0.00%
0.00%
1.34%
3.85%
4.46%
2.55%
2.79%
11.72%
7.92%
2.80%
Cash	0-1
year
1-3
years
3-5
years
12.37%
12.37%
5-7
years
7-10
years
10-20
years
+20
years
Portfolio	Benchmark*
Portfolio	Benchmark*

## Contribution to duration by currency and maturity
0-1 year	1-3 years	3-5 years	5-7 years	7-10 years	10-20 years	+20 years	Total
Portfolio
AUD
0.00	0.03	0.08	0.10
Portfolio
CAD
0.00	0.00	0.07	0.20	0.27
Benchmark*	0.01	0.06	0.20	0.27
Portfolio
DKK
Benchmark*	0.00	0.01	0.01
Portfolio
EUR
- 0.14	0.17	0.16	0.02	0.37	0.43	1.30Benchmark*	0.07	0.12	0.16	0.33	0.49	0.39	1.55PortfolioGBP-0.01	0.05	0.07	0.07	0.18	0.92	4.80	6.08Benchmark*	0.04	0.06	0.07	0.19	0.93	4.79	6.07PortfolioJPY0.00	0.03	0.10	0.03	0.15Benchmark*	0.01	0.05	0.05	0.05	0.15PortfolioNZD0.00	0.04	0.04Benchmark*	0.01	0.01	0.04	0.05PortfolioSEK0.00	0.02	0.02Benchmark*	0.00	0.01	0.01	0.02	0.01	0.04PortfolioUSD-0.01	0.23	0.41	0.41	0.23	0.34	1.30	2.91Benchmark*	0.01	0.16	0.42	0.44	0.72	0.34	1.54	3.63Portfolio	Total	0.00	0.42	0.67	0.73	0.51	1.83	6.72	10.88Benchmark*	0.01	0.28	0.67	0.74	1.33	1.89	6.95	11.88


## Main holdings
Name	Weighting	Issuer country	Modified duration	Contribution** US Treasury Note 0.75% 03/31/2026		6.32%	 United States		4.8		0.30
Italy (Republic of) 0.4% 05/15/2030	2.92%	Italy	8.9	0.26
Italy (Republic of) 0.1% 05/15/2023	2.77%	Italy	2.0	0.06
US Treasury Inflation Idx Bonds 0.625% 01/15/2024	2.74%	United States	2.7	0.07
US Treasury Inflation Idx Bonds 0.375% 07/15/2023	2.66%	United States	2.2	0.06
US Treasury Inflation Idx Bonds 0.125% 07/15/2026	2.52%	United States	5.2	0.13
France Government Bond OAT 0.25% 07/25/2024	2.47%	France	3.3	0.08
US Treasury Inflation Idx Bonds 0.125% 01/15/2031	2.26%	United States	9.7	0.22
US Treasury Inflation Idx Bonds 0.5% 04/15/2024	2.02%	United States	3.0	0.06
UK Gilt Inflation Linked 0.125% 03/22/2024	1.84%	United Kingdom	2.9	0.05
**Contribution to portfolio risk (%)

Translation (ENFR, 2021-04-30):
# Analyse du portefeuille
18.39%
13.83%
15.47%
17.02%
13.15%
16.50%
13.00%
13.61%
24.82%
25.33%
79.08%
84.82%

## Exposition par rating	Exposition par maturité
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
0.00%
AAA	AA	A	BBB	Cash
27.50%
25.00%
22.50%
20.00%
17.50%
15.00%
12.50%
10.00%
7.50%
5.00%
2.50%
0.00%
2.80%
0.00%
0.00%
1.34%
3.85%
4.46%
2.55%
2.79%
11.72%
7.92%
2.80%
Cash	0-1
an
1-3
ans
3-5
ans
12.37%
12.37%
5-7
ans
7-10
ans
10-20
ans
+ 20
ans
Portefeuille	Indice de référence*
Portefeuille	Indice de référence*

## Contribution à la duration par devise et par maturité
0-1 an	1-3 ans	3-5 ans	5-7 ans	7-10 ans	10-20 ans	+ 20 ans	Total
Portefeuille
AUD
0.00	0.03	0.08	0.10
Portefeuille
CAD
0.00	0.00	0.07	0.20	0.27
Indice de référence*	0.01	0.06	0.20	0.27
Portefeuille
DKK
Indice de référence*	0.00	0.01	0.01
Portefeuille
EUR
- 0.14	0.17	0.16	0.02	0.37	0.43	1.30Indice de référence*	0.07	0.12	0.16	0.33	0.49	0.39	1.55PortefeuilleGBP-0.01	0.05	0.07	0.07	0.18	0.92	4.80	6.08Indice de référence*	0.04	0.06	0.07	0.19	0.93	4.79	6.07PortefeuilleJPY0.00	0.03	0.10	0.03	0.15Indice de référence*	0.01	0.05	0.05	0.05	0.15PortefeuilleNZD0.00	0.04	0.04Indice de référence*	0.01	0.01	0.04	0.05PortefeuilleSEK0.00	0.02	0.02Indice de référence*	0.00	0.01	0.01	0.02	0.01	0.04PortefeuilleUSD-0.01	0.23	0.41	0.41	0.23	0.34	1.30	2.91Indice de référence*	0.01	0.16	0.42	0.44	0.72	0.34	1.54	3.63Portefeuille	Total	0.00	0.42	0.67	0.73	0.51	1.83	6.72	10.88Indice de référence*	0.01	0.28	0.67	0.74	1.33	1.89	6.95	11.88


## Les principales valeurs
Libellé	Pondération	Pays émetteur	Sensibilité	Contribution** US Treasury Note 0.75% 03/31/2026		6.32%		Etats-Unis		4.8		0.30
Italy (Republic of) 0.4% 05/15/2030	2.92%	Italie	8.9	0.26
Italy (Republic of) 0.1% 05/15/2023	2.77%	Italie	2.0	0.06
US Treasury Inflation Idx Bonds 0.625% 01/15/2024	2.74%	Etats-Unis	2.7	0.07
US Treasury Inflation Idx Bonds 0.375% 07/15/2023	2.66%	Etats-Unis	2.2	0.06
US Treasury Inflation Idx Bonds 0.125% 07/15/2026	2.52%	Etats-Unis	5.2	0.13
France Government Bond OAT 0.25% 07/25/2024	2.47%	France	3.3	0.08
US Treasury Inflation Idx Bonds 0.125% 01/15/2031	2.26%	Etats-Unis	9.7	0.22
US Treasury Inflation Idx Bonds 0.5% 04/15/2024	2.02%	Etats-Unis	3.0	0.06
UK Gilt Inflation Linked 0.125% 03/22/2024	1.84%	Royaume-Uni	2.9	0.05
**Contribution au risque portefeuille (%)