# HOLDINGS: % OF PORTFOLIO
Main Holdings (%)
by Country (%)
Against Benchmark
| BNPP RMB BOND-X C | 10.61 |
| --- | --- |
| BRAZIL FEDERATIVE REPUBLIC OF | 6.24 |
| EXPORT-IMPORT BANK OF KOREA 7.25 PCT | 2.84 |
| SOUTH AFRICA (REPUBLIC OF) 8.75 PCT | 2.64 |
| MEXICO (UNITED MEXICAN STATES) | 2.42 |
| BRAZIL FEDERATIVE REPUBLIC OF | 2.34 |
| MEXICO (UNITED MEXICAN STATES) | 2.00 |
| SOUTH AFRICA (REPUBLIC OF) 10.50 PCT | 1.73 |
| COLOMBIA (REPUBLIC OF) 7.00 PCT 30-JUN-2032 | 1.48 |
| COLOMBIA (REPUBLIC OF) 6.00 PCT 28-APR-2028 | 1.37 |
| No. of Holdings in Portfolio | 142 |

| Brazil | 11.41 | + 2.38 |
| --- | --- | --- |
| Hong Kong | 10.61 | + 10.61 |
| Malaysia | 9.69 | + 0.06 |
| South Africa | 9.05 | + 0.14 |
| Indonesia | 8.45 | - 1.55 |
| Mexico | 8.14 | - 1.83 |
| Poland | 5.92 | - 1.08 |
| Supranational | 4.61 | + 4.61 |
| Colombia | 4.55 | + 0.29 |
| Czech Republic | 3.56 | - 1.12 |
| Derivatives | -0.08 | - 0.08 |
| Forex contracts | 0.54 | + 0.54 |
| Other | 23.22 | - 13.30 |
| Cash | 0.34 | + 0.34 |
| Total | 100.00 |  |

by Rating (%)
by Currency (%)
Against Benchmark
| AA- | 3.56 |
| --- | --- |
| A | 5.11 |
| A- | 10.50 |
| BBB+ | 13.67 |
| BBB | 11.97 |
| BBB- | 8.70 |
| BB | 9.05 |
| BB- | 11.56 |
| B | 4.11 |
| Other | 8.24 |
| Not rated | 12.72 |
| Derivatives | -0.08 |
| Forex contracts | 0.54 |
| Cash | 0.34 |
| Total | 100.00 |

| THB | 11.45 | + 1.54 |
| --- | --- | --- |
| IDR | 10.96 | + 0.96 |
| MXN | 10.35 | + 0.38 |
| BRL | 10.31 | + 1.29 |
| MYR | 9.71 | + 0.09 |
| ZAR | 9.42 | + 0.51 |
| PLN | 8.61 | + 1.61 |
| CZK | 6.15 | + 1.47 |
| HUF | 4.71 | + 1.20 |
| COP | 4.45 | + 0.18 |
| Other | 13.89 | - 9.21 |
| Total | 100.00 |  |

Source of data: BNP Paribas Asset Management, as at 28.02.2022
Sources: Fitch, Moody’s, S&P. Ratings lower than BBB- refer to high-yield or speculative-grade bonds.
The above mentioned securities are for illustrative purpose only and do not constitute any investment recommendation.

Translation (ENFR, 2022-02-28):
# POSITIONS : % DU PORTEFEUILLE
Principales positions
| BNPP RMB BOND-X C | 10,61 |
| --- | --- |
| BRAZIL FEDERATIVE REPUBLIC OF | 6,24 |
| EXPORT-IMPORT BANK OF KOREA 7.25 PCT | 2,84 |
| SOUTH AFRICA (REPUBLIC OF) 8.75 PCT | 2,64 |
| MEXICO (UNITED MEXICAN STATES) | 2,42 |
| BRAZIL FEDERATIVE REPUBLIC OF | 2,34 |
| MEXICO (UNITED MEXICAN STATES) | 2,00 |
| SOUTH AFRICA (REPUBLIC OF) 10.50 PCT | 1,73 |
| COLOMBIA (REPUBLIC OF) 7.00 PCT 30-JUN-2032 | 1,48 |
| COLOMBIA (REPUBLIC OF) 6.00 PCT 28-APR-2028 | 1,37 |
| Nb de positions dans le portefeuille | 142 |

par Notation
par Pays	Contre l'Indice
| Brésil | 11,41 | + 2,38 |
| --- | --- | --- |
| Hong-Kong | 10,61 | + 10,61 |
| Malaisie | 9,69 | + 0,06 |
| Afrique du Sud | 9,05 | + 0,14 |
| Indonésie | 8,45 | - 1,55 |
| Mexique | 8,14 | - 1,83 |
| Pologne | 5,92 | - 1,08 |
| Supranational | 4,61 | + 4,61 |
| Colombie | 4,55 | + 0,29 |
| République tchèque | 3,56 | - 1,12 |
| Produits dérivés | -0,08 | - 0,08 |
| Contrats de change | 0,54 | + 0,54 |
| Autres | 23,22 | - 13,30 |
| Liquidités | 0,34 | + 0,34 |
| Total | 100,00 |  |

par Devise	Contre l'Indice
| AA- | 3,56 |
| --- | --- |
| A | 5,11 |
| A- | 10,50 |
| BBB+ | 13,67 |
| BBB | 11,97 |
| BBB- | 8,70 |
| BB | 9,05 |
| BB- | 11,56 |
| B | 4,11 |
| Autres | 8,24 |
| Non noté | 12,72 |
| Produits dérivés | -0,08 |
| Contrats de change | 0,54 |
| Liquidités | 0,34 |
| Total | 100,00 |

| THB | 11,45 | + 1,54 |
| --- | --- | --- |
| IDR | 10,96 | + 0,96 |
| MXN | 10,35 | + 0,38 |
| BRL | 10,31 | + 1,29 |
| MYR | 9,71 | + 0,09 |
| ZAR | 9,42 | + 0,51 |
| PLN | 8,61 | + 1,61 |
| CZK | 6,15 | + 1,47 |
| HUF | 4,71 | + 1,20 |
| COP | 4,45 | + 0,18 |
| Autres | 13,89 | - 9,21 |
| Total | 100,00 |  |

Source : BNP Paribas Asset Management, en date du 28.02.2022
Sources : Fitch, Moody's, S&P. Les notations < BBB- correspondent à la catégorie de titres à haut rendement ou titres spéculatifs
Les titres ci-dessus sont mentionnés à titre d’information uniquement et ne doivent pas être considérés comme une recommandation d’investissement.