# Portfolio Analysis
## Asset Allocation (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Equity | 63.06 | 60.99 | 59.22 | 65.14 | 63.20 | 62.85 | 61.43 | 63.37 | 63.68 | 65.14 | 63.91 | 64.95 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bonds | 36.94 | 39.01 | 40.78 | 34.86 | 36.80 | 37.15 | 38.57 | 36.63 | 36.32 | 34.86 | 36.09 | 35.05 |

31/03/2021
30/04/2021
28/05/2021
30/06/2021
30/07/2021
31/08/2021
30/09/2021
29/10/2021
30/11/2021
31/12/2021
14/01/2022
28/02/2022

## Currency Breakdown (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
|  | EUR | SGD | JPY | GBP | NOK | SEK | Other |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 100.78 | 0.23 | 0.03 | 0.01 | - | - | -1.05 |

-20
| Equity Top 10 Holdings |  |
| --- | --- |
| Equity | Weighting (%)	Sector | Geography |
| Prologis Inc | 5.05	Real Estate | United States |
| Equinix Inc | 2.94	Real Estate | United States |
| AvalonBay Communities Inc | 2.79	Real Estate | United States |
| Goodman Group | 2.78	Real Estate | Australia |
| Capitaland Investment Ltd | 2.29	Real Estate | Singapore |
| Xior Student Housing NV | 2.16	Real Estate | Belgium |
| Vib Vermoegen AG | 2.01	Real Estate | Germany |
| Duke Realty Corp | 1.95	Real Estate | United States |
| American Homes 4 Rent | 1.94	Real Estate | United States |
| CapitaLand Integrated Comme... | 1.86	Real Estate | Singapore |
| Total (%) | 25.77 |  |
| Sector Breakdown (%) |  |  |
|  |  | Portfolio |
| Real estate |  | 100.00 |
| Fixed Income Top 10 Holdings |  |  |
| Name | Weighting (%)	Issuer country | Mod. Duration	Contribution |
| EURO-BUND FUTURE MAR22 Counter Expo | 8.98	Germany | 0.0	0.00 |
| US 10YR ULTRA FUT JUN22 Counter Expo | 3.13	United States | 0.0	0.00 |
| US 10YR NOTE (CBT)JUN22 Counter Expo | 2.67	United States | 0.0	0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.38	Hong Kong | 7.0	0.10 |
| Segro Capital Sarl 0.5% 09/22/2031 | 1.17	United Kingdom | 8.9	0.10 |
| Fonciere des Murs SCA 1% 07/27/2029 | 1.15	France | 6.8	0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.08	Spain | 6.7	0.07 |
| Sagax AB 2.25% 03/13/2025 | 0.98	Sweden | 2.6	0.03 |
| UDR Inc 4.4% 01/26/2029 | 0.92	United States | 5.8	0.05 |
| SELP FINANCE Sarl 1.5% 12/20/2026 | 0.88	Luxembourg | 4.4	0.04 |
| Total (%) | 22.35 |  |


## Maturity Breakdown (%)
40
30
20
10
0	0 - 1 Year	1 - 3 years	3 - 5 years	5 - 7 years	7 - 10 years	10 - 15 years
Portfolio	2.10	4.52	27.60	27.44	37.81	0.53

Translation (ENFR, 2022-02-28):
# Analyse du portefeuille
## Répartition par classe d'actifs (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Actions | 63.06 | 60.99 | 59.22 | 65.14 | 63.20 | 62.85 | 61.43 | 63.37 | 63.68 | 65.14 | 63.91 | 64.95 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Obligations | 36.94 | 39.01 | 40.78 | 34.86 | 36.80 | 37.15 | 38.57 | 36.63 | 36.32 | 34.86 | 36.09 | 35.05 |

31/03/2021
30/04/2021
28/05/2021
30/06/2021
30/07/2021
31/08/2021
30/09/2021
29/10/2021
30/11/2021
31/12/2021
14/01/2022
28/02/2022

## Exposition par devise (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
|  | EUR | SGD | JPY | GBP | NOK | SEK | Autres |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille | 100.78 | 0.23 | 0.03 | 0.01 | - | - | -1.05 |

-20
| Actions 10 principaux titres |  |
| --- | --- |
| Action | Pondération (%) | Secteur | Géographie |  |
| Prologis Inc | 5.05 | Immobilier | Etats-Unis |  |
| Equinix Inc | 2.94 | Immobilier | Etats-Unis |  |
| AvalonBay Communities Inc | 2.79 | Immobilier | Etats-Unis |  |
| Goodman Group | 2.78 | Immobilier | Australie |  |
| Capitaland Investment Ltd | 2.29 | Immobilier | Singapour |  |
| Xior Student Housing NV | 2.16 | Immobilier | Belgique |  |
| Vib Vermoegen AG | 2.01 | Immobilier | Allemagne |  |
| Duke Realty Corp | 1.95 | Immobilier | Etats-Unis |  |
| American Homes 4 Rent | 1.94 | Immobilier | Etats-Unis |  |
| CapitaLand Integrated Comme... | 1.86 | Immobilier | Singapour |  |
| Total (%) | 25.77 |  |  |  |
| Exposition sectorielle (%) |  |  |  |  |
|  |  |  |  | Portefeuille |
| Immobilier |  |  |  | 100.00 |
| Obligations 10 principaux titres |  |  |  |  |
| Libellé | Pondération (%) | Pays émetteur | Mod. Duration | Contribution |
| EURO-BUND FUTURE MAR22 Counter Expo | 8.98 | Allemagne | 0.0 | 0.00 |
| US 10YR ULTRA FUT JUN22 Counter Expo | 3.13 | Etats-Unis | 0.0 | 0.00 |
| US 10YR NOTE (CBT)JUN22 Counter Expo | 2.67 | Etats-Unis | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.38 | Hong-Kong | 7.0 | 0.10 |
| Segro Capital Sarl 0.5% 09/22/2031 | 1.17 | Royaume-Uni | 8.9 | 0.10 |
| Fonciere des Murs SCA 1% 07/27/2029 | 1.15 | France | 6.8 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.08 | Espagne | 6.7 | 0.07 |
| Sagax AB 2.25% 03/13/2025 | 0.98 | Suède | 2.6 | 0.03 |
| UDR Inc 4.4% 01/26/2029 | 0.92 | Etats-Unis | 5.8 | 0.05 |
| SELP FINANCE Sarl 1.5% 12/20/2026 | 0.88 | Luxembourg | 4.4 | 0.04 |
| Total (%) | 22.35 |  |  |  |


## Exposition par maturité (%)
40
30
20
10
0	0 à 1 an	1 - 3 ans	3 - 5 ans	5 - 7 ans	7 - 10 ans	10 - 15 ans
Portefeuille	2.10	4.52	27.60	27.44	37.81	0.53