# Mirova Europe Sustainable Economy Fund
## FIXED INCOME SLEEVE ANALYSIS AS OF 30/06/2021
Fixed Income Analysis (48.21%)
WEIGHTED AVERAGE RATING FACTOR 
*

###### France	21.7	20.8

###### United Kingdom	10.9	8.7
| Germany | 6.0 | 14.7 |
| --- | --- | --- |
| Spain | 8.9 | 6.0 |
| United States | 8.2 | 20.3 |
| Italy | 7.4 | 4.4 |
| Denmark | 5.6 | 1.1 |
| Netherlands | 4.8 | 5.1 |
| Belgium	4.8	1.9 Sweden	3.2	2.6 Other countries	18.3	14.2 |

weight of exposure (inc. derivatives)

#### MAIN CUMULATIVE BOND TRANSACTIONS	
Purchases	Amount

##### YBS 0.500% 07-28	599,100

###### Equivalent to a rating between	BBB and BBB-
RATING BREAKDOWN	Asset %	Index %
* This method assigns a rating factor to each long-term rating (Logarithmic scale) Non-rated securities are excluded from the calculation.
AAA	0.0	0.3
| AA+ | 0.0 | 0.4 |
| --- | --- | --- |
| AA | 0.0 | 0.7 |
| AA- | 0.4 | 3.3 |
| A+ | 0.0 | 8.4 |

| A | 6.9 | 8.8 |
| --- | --- | --- |
| A- | 6.9 | 13.4 |
| BBB+ | 12.6 | 27.6 |
| BBB	19.3	21.7 BBB-	22.3	13.3 BB+	7.8	0.4 BB	9.1	0.0 BB-	1.5	0.1 NR	9.1	1.6 |

Lowest rating between S&P's and Moody's, using the S&P's rating scale
weight of exposure (inc. derivatives)
| DBGFP 2.250% 07-28 | 505,713 |  | CATEGORY |  |
| --- | --- | --- | --- | --- |
| RKTLN 0.375% 05-26 | 407,382 |  | Corporates | 96.6 | 100.0 |
| RBIAV TR 06-33 | 398,170 |  | Financial | 42.6 | 41.1 |
| SABSM TR 06-28 | 398,084 |  | Defensive | 27.4 | 32.9 |
| Sales | Amount |  | Cyclical | 26.5 | 26.0 |
| FRFP 1.500% 06-25 | 418,196 |  | Agencies and Supranational | 3.4 | - |
| HEIMST 4.250% 03-26 | 413,258 |  | Agencies | 3.1 | - |
| CMARK TR 10-29 | 316,722 |  | Local Authorities | 0.4 | - |
| YBS 0.500% 07-28 | 301,338 | Barclays Nomenclature |
| HHOCGR 0.125% 02-31 | 297,045 |  |

Source : Natixis Investment Managers International unless otherwise indicated

Translation (ENFR, 2021-06-30):
# Mirova Europe Sustainable Economy Fund
## ANALYSE DU MARCHÉ ACTIONS AU 30/06/2021
Analyse de l'allocation de la Poche Actions (51,83%)
| PRINCIPALES LIGNES | Poche % |
| --- | --- |
| ASTRAZENECA | 4,0 |
| SANOFI-AVENTIS | 3,4 |
| SAINT GOBAIN | 3,2 |
| ASML HOLDING REGR. | 3,1 |
| ROCHE HOLDING BJ N | 3,0 |
| DANONE | 2,9 |
| AVIVA P.L.C. | 2,9 |
| UNICREDIT REGR. | 2,9 |
| AXA | 2,7 |
| SMURFIT KAPPA LN GBp | 2,7 |
| Total | 30,7 |
| Nombre total de titres | 53 |

| RÉPARTITION GÉOGRAPHIQUE PAR	Poche %	Indice % |
| --- |
| PAYS |  |  |
| France | 45,8 | 17,6 |
| Royaume-Uni | 15,5 | 20,5 |
| Irlande | 6,7 | 1,1 |
| Pays-Bas | 5,8 | 8,1 |
| Allemagne | 5,7 | 14,6 |
| Italie | 5,5 | 3,6 |
| Suisse | 3,0 | 15,2 |
| Espagne | 2,2 | 3,9 |
| Danemark | 2,0 | 4,0 |
| Etats-Unis | 2,0 | 0,4 |
| Autres Pays | 5,8 | 11,0 |

Poche % Indice %

### RÉPARTITION PAR TAILLE DE	 CAPITALISATION
< 2 Mrds USD	0,8	0,0
2 à 10 Mrds USD	15,0	4,6
10 à 100 Mrds USD	65,8	65,9
> 100 Mrds USD	18,4	29,5
| RÉPARTITION SECTORIELLE DE LA POCHE ACTION | Poche % Indice % |
| --- | --- |
| Finance | 17,8 | 15,7 |
| Industrie | 16,8 | 14,7 |
| Santé | 13,4 | 14,1 |
| Technologies de l'information | 12,3 | 8,3 |
| Matériaux | 9,5 | 8,2 |
| Services aux collectivités | 8,4 | 4,2 |
| Consommation discrétionnaire | 7,0 | 12,1 |
| Biens de consommation de base | 6,6 | 12,9 |
| Immobilier | 4,2 | 1,3 |
| Services de communication | 3,9 | 3,9 |
| Energie | 0,0 | 4,4 |

Nomenclature MSCI Source : Natixis Investment Managers International sauf indication contraire
Poids en exposition ( dérivés inclus)
PRINCIPALES TRANSACTIONS CUMULÉES D'ACTIONS

#### Achats	Montant

##### CORP ACCIONA SM EUR	249 919
SMURFIT KAPPA LN GBp	156 057
| SIEMENS ENERGY GR U | 84 640 |
| --- | --- |
| BCO BILBAO VIZCAYA | 69 742 |
| CREDIT AGRICOLE | 66 483 |
| Ventes | Montant |
| ASTRAZENECA | 273 932 |
| SANOFI-AVENTIS | 241 617 |
| SAINT GOBAIN | 223 484 |
| ASML HOLDING REGR. | 220 386 |
| ROCHE HOLDING BJ N | 211 081 |