# HOLDINGS: % OF PORTFOLIO
## Main Holdings (%)

## by Country (%)
Against Benchmark
| UMBS 30YR TBA(REG A) 3.00 PCT 25-APR-2050 | 21.10 |
| --- | --- |
| BNPP FLX I ABS OPP X C | 8.67 |
| FRANCE (REPUBLIC OF) 0.00 PCT 04-JAN-2023 | 2.96 |
| INTESA SANPAOLO SPA 0.63 PCT 24-FEB-2026 | 2.64 |
| UNICREDIT SPA 6.95 PCT 31-OCT-2022 | 1.43 |
| ENEL SPA 1.38 PCT 31-DEC-2049 | 1.38 |
| FANNIE MAE FNMA_05-95 US1MLIB+6.58 PCT | 1.25 |
| FREMF MORTGAGE TRUST FREMF_17-K67 3.65 | 1.24 |
| HEIMSTADEN BOSTAD TREASURY BV 0.25 PCT | 1.08 |
| GROUPAMA SA 6.00 PCT 23-JAN-2027 | 1.07 |
| No. of Holdings in Portfolio | 128 |

| United States | 48.08 | + 48.08 |
| --- | --- | --- |
| France | 19.74 | + 19.74 |
| Italy | 10.53 | + 10.53 |
| Luxembourg | 8.67 | + 8.67 |
| United Kingdom | 3.85 | + 3.85 |
| Germany | 3.65 | + 3.65 |
| Spain | 3.64 | + 3.64 |
| Romania | 1.86 | + 1.86 |
| Republic of Ireland | 1.83 | + 1.83 |
| Japan | 1.77 | + 1.77 |
| Derivatives | -0.11 | - 0.11 |
| Forex contracts | -0.01 | - 0.01 |
| Other | 5.13 | + 5.13 |
| Cash | -8.63 | - 108.63 |
| Total | 100.00 |  |


## by Rating (%)

## by Currency (%)
Against Benchmark
| AAA | 38.28 |
| --- | --- |
| A | 1.47 |
| A- | 2.93 |
| BBB+ | 7.90 |
| BBB | 13.08 |
| BBB- | 15.93 |
| BB+ | 7.89 |
| BB | 2.63 |
| BB- | 1.83 |
| Other | 1.04 |
| Not rated | 15.79 |
| Derivatives | -0.11 |
| Forex contracts | -0.01 |
| Cash | -8.63 |
| Total | 100.00 |

| MXN | - | + 0.00 |
| --- | --- | --- |
| EUR | 98.55 | - 1.45 |
| SEK | 1.03 | + 1.03 |
| INR | 1.01 | + 1.01 |
| BRL | 0.51 | + 0.51 |
| USD | 0.35 | + 0.35 |
| NZD | 0.05 | + 0.05 |
| CAD | 0.04 | + 0.04 |
| AUD | 0.02 | + 0.02 |
| CHF | 0.02 | + 0.02 |
| Other | -1.60 | - 1.60 |
| Total | 100.00 |  |

Source of data: BNP Paribas Asset Management, as at 31.01.2022
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, 2022-01-31):
# POSITIONS : % DU PORTEFEUILLE
Principales positions
| UMBS 30YR TBA(REG A) 3.00 PCT 25-APR-2050 | 21,10 |
| --- | --- |
| BNPP FLX I ABS OPP X C | 8,67 |
| FRANCE (REPUBLIC OF) 0.00 PCT 04-JAN-2023 | 2,96 |
| INTESA SANPAOLO SPA 0.63 PCT 24-FEB-2026 | 2,64 |
| UNICREDIT SPA 6.95 PCT 31-OCT-2022 | 1,43 |
| ENEL SPA 1.38 PCT 31-DEC-2049 | 1,38 |
| FANNIE MAE FNMA_05-95 US1MLIB+6.58 PCT | 1,25 |
| FREMF MORTGAGE TRUST FREMF_17-K67 3.65 | 1,24 |
| HEIMSTADEN BOSTAD TREASURY BV 0.25 PCT | 1,08 |
| GROUPAMA SA 6.00 PCT 23-JAN-2027 | 1,07 |
| Nb de positions dans le portefeuille | 128 |

par Notation
par Pays
| États-Unis | 48,08 |
| --- | --- |
| France | 19,74 |
| Italie | 10,53 |
| Luxembourg | 8,67 |
| Royaume-Uni | 3,85 |
| Allemagne | 3,65 |
| Espagne | 3,64 |
| Roumanie | 1,86 |
| République d'Irlande | 1,83 |
| Japon | 1,77 |
| Produits dérivés | -0,11 |
| Contrats de change | -0,01 |
| Autres | 5,13 |
| Liquidités | -8,63 |
| Total | 100,00 |

par Devise	Contre l'Indice
| AAA | 38,28 |
| --- | --- |
| A | 1,47 |
| A- | 2,93 |
| BBB+ | 7,90 |
| BBB | 13,08 |
| BBB- | 15,93 |
| BB+ | 7,89 |
| BB | 2,63 |
| BB- | 1,83 |
| Autres | 1,04 |
| Non noté | 15,79 |
| Produits dérivés | -0,11 |
| Contrats de change | -0,01 |
| Liquidités | -8,63 |
| Total | 100,00 |

| MXN | - | + 0,00 |
| --- | --- | --- |
| EUR | 98,55 | - 1,45 |
| SEK | 1,03 | + 1,03 |
| INR | 1,01 | + 1,01 |
| BRL | 0,51 | + 0,51 |
| USD | 0,35 | + 0,35 |
| NZD | 0,05 | + 0,05 |
| CAD | 0,04 | + 0,04 |
| AUD | 0,02 | + 0,02 |
| CHF | 0,02 | + 0,02 |
| Autres | -1,60 | - 1,60 |
| Total | 100,00 |  |

Source : BNP Paribas Asset Management, en date du 31.01.2022
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.