# Portfolio analysis (including derivatives)
100.86%
59.98%
64.96%
63.60%
33.24%
33.45%

## Asset allocation	Currency exposure
70%
60%
50%
40%
30%
20%
10%
0%
32.49%
6.78%
2.55%
2.95%
Equity	Bonds	Cash
28/05/2021	30/06/2021	30/07/2021
120%
90%
60%
30%
0%
-30%
0.24%
0.22%
0.16%
0.02%
0.00%
-1.03%
USD	AUD	EUR	SGD	CAD	NOK	Other
Portfolio
Breakdown by asset class / region
|  | Equity | Bonds | Cash | Total |
| --- | --- | --- | --- | --- |
| North America | 38.72% | 12.72% | 1.36% | 52.80% |
| Euro Zone | 8.12% | 13.68% | 1.49% | 23.28% |
| Pacific ex-Japan | 11.09% | 4.07% | 0.07% | 15.22% |
| Europe ex Euro Zone | 3.04% | 2.99% | 0.03% | 6.07% |
| Japan | 2.63% |  | 0.00% | 2.63% |
| Total | 63.60% | 33.45% | 2.95% |  |

| Equities |  |
| --- | --- |
| Main stocks |  |  |  |  |
| Equity | Weighting | Sector | Issuer country | Currency |
| Prologis Inc | 4.31% | Real estate | United States | USD |
| Goodman Group | 2.63% | Real estate | Australia | AUD |
| Equinix Inc | 2.60% | Real estate | United States | USD |
| AvalonBay Communities Inc | 2.49% | Real estate | United States | USD |
| Xior Student Housing NV | 2.31% | Real estate | Belgium | EUR |
| CapitaLand Ltd | 2.31% | Real estate | Singapore | SGD |
| American Homes 4 Rent | 2.30% | Real estate | United States | USD |
| Invitation Homes Inc | 2.11% | Real estate | United States | USD |
| Extra Space Storage Inc | 2.07% | Real estate | United States | USD |
| Number of Holdings | 60 |  |  |  |

| Fixed income |  |
| --- | --- |
| Largest holdings (except cash) |  |  |  |  |
| Name | Weighting | Issuer country | Modified duration | Contribution** |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.36% | Hong Kong | 7.5 | 0.10 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.13% | Spain | 7.4 | 0.10 |
| Sagax AB 2.25% 03/13/2025 | 0.97% | Sweden | 3.2 | 0.00 |
| Alstria Office REIT-AG 1.5% 11/15/2027 | 0.95% | Germany | 5.7 | 0.10 |
| SELP FINANCE Sarl 1.5% 12/20/2026 | 0.92% | Luxemburg | 4.9 | 0.00 |
| UDR Inc 4.4% 01/26/2029 | 0.91% | United States | 6.3 | 0.10 |
| Physicians Realty LP 4.3% 03/15/2027 | 0.85% | United States | 4.8 | 0.00 |
| Atrium European Real Estate Ltd 3% 09/11/... | 0.85% | Jersey | 3.6 | 0.00 |
| Scentre Group Trust 1 / Trust 2 3.625% 01... | 0.82% | Australia | 4.1 | 0.00 |
| Rexford Industrial Realty LP 2.125% 12/01... | 0.81% | United States | 8.2 | 0.10 |
| Sensitivity (Fixed Income) Number of Holdings | 89 |  | 0.5 |  |
| **Contribution to portfolio risk (%) |  |  |  |  |
| Allocation by rating / maturity - Fixed income |  |  |  |  |
| A | BBB | BB | Cash | Total |
| Cash |  |  | 8.09% | 8.09% |
| 0-1 year	0.79% | 1.01% |  |  | 1.81% |
| 1-3 years	0.66% | 2.82% | 1.37% |  | 4.86% |
| 3-5 years	5.47% | 17.10% |  |  | 22.57% |
| 5-7 years	4.38% | 24.65% | 0.70% |  | 29.73% |
| 7-10 years	6.94% | 26.00% |  |  | 32.95% |
| Total	18.24% | 71.60% | 2.07% | 8.09% |  |

Translation (ENFR, 2021-07-30):
# Analyse du portefeuille (y compris produits dérivés)
100.86%
59.98%
64.96%
63.60%
33.24%
33.45%

## Evolution de la composition	Exposition par devise
70%
60%
50%
40%
30%
20%
10%
0%
32.49%
6.78%
2.55%
2.95%
Actions	Obligations	Monétaire
28/05/2021	30/06/2021	30/07/2021
120%
90%
60%
30%
0%
-30%
0.24%
0.22%
0.16%
0.02%
0.00%
-1.03%
USD	AUD	EUR	SGD	CAD	NOK	Autres
Portefeuille
Exposition par classe d'actif / zone géographique
|  | Actions | Obligations | Monétaire | Total |
| --- | --- | --- | --- | --- |
| Amérique du Nord | 38.72% | 12.72% | 1.36% | 52.80% |
| Zone Euro | 8.12% | 13.68% | 1.49% | 23.28% |
| Pacifique hors Japon | 11.09% | 4.07% | 0.07% | 15.22% |
| Europe hors Euro | 3.04% | 2.99% | 0.03% | 6.07% |
| Japon | 2.63% |  | 0.00% | 2.63% |
| Total | 63.60% | 33.45% | 2.95% |  |

| Poche actions |  |
| --- | --- |
| Les principales valeurs |  |  |  |  |
| Action | Pondération | Secteur | Pays émetteur | Devise |
| Prologis Inc | 4.31% | Immobilier | Etats-Unis | USD |
| Goodman Group | 2.63% | Immobilier | Australie | AUD |
| Equinix Inc | 2.60% | Immobilier | Etats-Unis | USD |
| AvalonBay Communities Inc | 2.49% | Immobilier | Etats-Unis | USD |
| Xior Student Housing NV | 2.31% | Immobilier | Belgique | EUR |
| CapitaLand Ltd | 2.31% | Immobilier | Singapour | SGD |
| American Homes 4 Rent | 2.30% | Immobilier | Etats-Unis | USD |
| Invitation Homes Inc | 2.11% | Immobilier | Etats-Unis | USD |
| Extra Space Storage Inc | 2.07% | Immobilier | Etats-Unis | USD |
| Nombre de lignes | 60 |  |  |  |

| Poche obligations |  |
| --- | --- |
| Les principales lignes (hors liquidités) |  |  |  |  |
| Libellé | Pondération | Pays émetteur | Sensibilité | Contribution** |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.36% | Hong-Kong | 7.5 | 0.10 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.13% | Espagne | 7.4 | 0.10 |
| Sagax AB 2.25% 03/13/2025 | 0.97% | Suède | 3.2 | 0.00 |
| Alstria Office REIT-AG 1.5% 11/15/2027 | 0.95% | Allemagne | 5.7 | 0.10 |
| SELP FINANCE Sarl 1.5% 12/20/2026 | 0.92% | Luxembourg | 4.9 | 0.00 |
| UDR Inc 4.4% 01/26/2029 | 0.91% | Etats-Unis | 6.3 | 0.10 |
| Physicians Realty LP 4.3% 03/15/2027 | 0.85% | Etats-Unis | 4.8 | 0.00 |
| Atrium European Real Estate Ltd 3% 09/11/... | 0.85% | Jersey | 3.6 | 0.00 |
| Scentre Group Trust 1 / Trust 2 3.625% 01... | 0.82% | Australie | 4.1 | 0.00 |
| Rexford Industrial Realty LP 2.125% 12/01... | 0.81% | Etats-Unis | 8.2 | 0.10 |
| Sensibilité de la poche TAUX Nombre de lignes | 89 |  | 0.5 |  |
| **Contribution au risque portefeuille (%) |  |  |  |  |
| Exposition rating / échéance - Obligations |  |  |  |  |
| A | BBB | BB | Monétaire | Total |
| Monétaire |  |  | 8.09% | 8.09% |
| 0-1 an	0.79% | 1.01% |  |  | 1.81% |
| 1-3 ans	0.66% | 2.82% | 1.37% |  | 4.86% |
| 3-5 ans	5.47% | 17.10% |  |  | 22.57% |
| 5-7 ans	4.38% | 24.65% | 0.70% |  | 29.73% |
| 7-10 ans	6.94% | 26.00% |  |  | 32.95% |
| Total	18.24% | 71.60% | 2.07% | 8.09% |  |