# Portfolio Analysis
## Asset Allocation (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Equity | 63.95 | 62.58 | 63.59 | 63.24 | 63.54 | 59.75 | 56.72 | 60.00 | 57.68 | 56.83 | 51.28 | 53.38 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bonds | 36.05 | 37.42 | 36.41 | 36.76 | 36.46 | 40.25 | 43.28 | 40.00 | 42.32 | 43.17 | 48.72 | 46.62 |


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

100
80
60
40
20
| 0 | USD | EUR | SEK | JPY | AUD | SGD | Other |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 98.24 | 1.20 | 0.31 | 0.11 | 0.07 | 0.06 | 0.01 |
| Equity Top 10 Holdings |  |  |  |  |
| Equity | Weighting (%) | Sector | Geography |  |
| Prologis Inc | 6.31 | Real Estate | United States |  |
| Goodman Group | 2.85 | Real Estate | Australia |  |
| Equinix Inc | 2.52 | Real Estate | United States |  |
| AvalonBay Communities Inc | 2.27 | Real Estate | United States |  |
| Alexandria Real Estate Equi... | 2.07 | Real Estate | United States |  |
| American Homes 4 Rent | 2.02 | Real Estate | United States |  |
| Capitaland Investment Ltd | 2.01 | Real Estate | Singapore |  |
| CapitaLand Integrated Comme... | 1.87 | Real Estate | Singapore |  |
| Link REIT | 1.78 | Real Estate | Hong Kong |  |
| Mitsui Fudosan Co Ltd | 1.71 | Real Estate | Japan |  |
| Total (%) | 25.40 |  |  |  |
| Sector Breakdown (%) |  |  |  |  |
|  |  |  |  | Portfolio |
| Real estate |  |  |  | 100.00 |

| Fixed Income |  |
| --- | --- |
| Top 10 Holdings |
| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| EURO-BUND FUTURE DEC22 Counter Expo | 7.03 | Germany | 0.0 | 0.00 |
| US 10YR NOTE (CBT)MAR23 Counter Expo | 2.27 | United States | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.48 | Hong Kong | 6.2 | 0.09 |
| Fonciere des Murs SCA 1% 07/27/2029 | 1.06 | France | 5.9 | 0.06 |
| Segro Capital Sarl 0.5% 09/22/2031 | 1.05 | United Kingdom | 8.0 | 0.08 |
| Nerval SAS 2.875% 04/14/2032 | 1.02 | France | 7.5 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.02 | Spain | 5.9 | 0.06 |
| Cofinimmo SA 0.875% 12/02/2030 | 1.01 | Belgium | 7.1 | 0.07 |
| UDR Inc 4.4% 01/26/2029 | 0.99 | United States | 5.0 | 0.05 |
| Sagax AB 2.25% 03/13/2025 | 0.98 | Sweden | 1.9 | 0.02 |
| Total (%) | 17.91 |  |  |  |
| 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	1.62	7.70	34.55	27.18	28.67	0.27

Translation (ENFR, 2022-11-30):
# Analyse du portefeuille
## Répartition par classe d'actifs (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Actions | 63.95 | 62.58 | 63.59 | 63.24 | 63.54 | 59.75 | 56.72 | 60.00 | 57.68 | 56.83 | 51.28 | 53.38 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Obligations | 36.05 | 37.42 | 36.41 | 36.76 | 36.46 | 40.25 | 43.28 | 40.00 | 42.32 | 43.17 | 48.72 | 46.62 |


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

100
80
60
40
20
| 0 | USD | EUR | SEK | JPY | AUD | SGD | Autres |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille | 98.24 | 1.20 | 0.31 | 0.11 | 0.07 | 0.06 | 0.01 |
| Actions 10 principaux titres |  |  |  |  |
| Action | Pondération (%) | Secteur | Géographie |  |
| Prologis Inc | 6.31 | Immobilier | Etats-Unis |  |
| Goodman Group | 2.85 | Immobilier | Australie |  |
| Equinix Inc | 2.52 | Immobilier | Etats-Unis |  |
| AvalonBay Communities Inc | 2.27 | Immobilier | Etats-Unis |  |
| Alexandria Real Estate Equi... | 2.07 | Immobilier | Etats-Unis |  |
| American Homes 4 Rent | 2.02 | Immobilier | Etats-Unis |  |
| Capitaland Investment Ltd | 2.01 | Immobilier | Singapour |  |
| CapitaLand Integrated Comme... | 1.87 | Immobilier | Singapour |  |
| Link REIT | 1.78 | Immobilier | Hong-Kong |  |
| Mitsui Fudosan Co Ltd | 1.71 | Immobilier | Japon |  |
| Total (%) | 25.40 |  |  |  |
| Exposition sectorielle (%) |  |  |  |  |
|  |  |  |  | Portefeuille |
| Immobilier |  |  |  | 100.00 |

| Obligations |  |
| --- | --- |
| 10 principaux titres |
| Libellé | Pondération (%) | Pays émetteur | Mod. Duration | Contribution |
| EURO-BUND FUTURE DEC22 Counter Expo | 7.03 | Allemagne | 0.0 | 0.00 |
| US 10YR NOTE (CBT)MAR23 Counter Expo | 2.27 | Etats-Unis | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.48 | Hong-Kong | 6.2 | 0.09 |
| Fonciere des Murs SCA 1% 07/27/2029 | 1.06 | France | 5.9 | 0.06 |
| Segro Capital Sarl 0.5% 09/22/2031 | 1.05 | Royaume-Uni | 8.0 | 0.08 |
| Nerval SAS 2.875% 04/14/2032 | 1.02 | France | 7.5 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 1.02 | Espagne | 5.9 | 0.06 |
| Cofinimmo SA 0.875% 12/02/2030 | 1.01 | Belgique | 7.1 | 0.07 |
| UDR Inc 4.4% 01/26/2029 | 0.99 | Etats-Unis | 5.0 | 0.05 |
| Sagax AB 2.25% 03/13/2025 | 0.98 | Suède | 1.9 | 0.02 |
| Total (%) | 17.91 |  |  |  |
| 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	1.62	7.70	34.55	27.18	28.67	0.27