|  |
| --- |
| Bank Of Comm 3.24% 21.05.2030 Sub Cibm	1.56	 BBB 29.52 |
|  |
| China Govt Bond 2.8% 24.03.2029 Uns Cibm | 1.56 |  | BB | 0.32 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Bank Of Comm 3.65% 27.09.2031 Sub Cibm | 1.55 |  | NR (incl. cash & eq.) | 2.11 |  |  |  |  |  |  |  |
| Bank Of China 4.2% 21.09.2030 Sub Cibm | 1.39 |  | 0 |  | 10 | 20 | 30 | 40 | 50 | 60 | 70 |
| Hsbc Bank China 3.6% 01.04.2024 Uns Cibm | 1.38 |  |  |  |  |  |  |  |  |  |  |
| China Govt Bond 3.01% 13.05.2028 Uns Cibm | 1.38 |  |  |  |  |  |  |  |  |  |  |
| China Govt Bond 2.37% 20.01.2027 Uns Cibm | 1.36 |  |  |  |  |  |  |  |  |  |  |
| Currency breakdown (% of asset) |  |  |  |  |  |  |  |  |  |  |  |
| CNY | 99.77 |  |  |  |  |  |  |  |  |  |  |
| CNH | 0.23 |  |  |  |  |  |  |  |  |  |  |
| EUR | 0.00 |  |  |  |  |  |  |  |  |  |  |
| GBP | 0.00 |  |  |  |  |  |  |  |  |  |  |
| HKD | 0.00 |  |  |  |  |  |  |  |  |  |  |
| SGD | 0.00 |  |  |  |  |  |  |  |  |  |  |
| USD | 0.00 |  |  |  |  |  |  |  |  |  |  |
| CHF | 0.00 |  |  |  |  |  |  |  |  |  |  |
| Source: Pictet Asset Management |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Portfolio characteristics |  |  |  |  |  |  |  |  |  |  |  |
| AS AT END OF NOVEMBER 2022 (OVER 1 YEAR(S)) |  |  |  |  |  |  |  |  |  |  |  |
| Average coupon (%) | 3.35 |  |  |  |  |  |  |  |  |  |  |
| Average bond yield (%) | 2.99 |  |  |  |  |  |  |  |  |  |  |
| Weighted avg. mod. duration (years) | 4.12 |  |  |  |  |  |  |  |  |  |  |
| Source: Pictet Asset Management |  |  |  |  |  |  |  |  |  |  |  |

Translation (ENFR, 2022-11-30):
|  |
| --- |
| Bank Of Comm 3.24% 21.05.2030 Sub Cibm	1.56	 BBB 29.52 |
|  |
| China Govt Bond 2.8% 24.03.2029 Uns Cibm | 1.56 |  | BB | 0.32 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Bank Of Comm 3.65% 27.09.2031 Sub Cibm | 1.55 |  | NC (incl. cash & éq.) | 2.11 |  |  |  |  |  |  |  |
| Bank Of China 4.2% 21.09.2030 Sub Cibm | 1.39 |  | 0 |  | 10 | 20 | 30 | 40 | 50 | 60 | 70 |
| Hsbc Bank China 3.6% 01.04.2024 Uns Cibm | 1.38 |  |  |  |  |  |  |  |  |  |  |
| China Govt Bond 3.01% 13.05.2028 Uns Cibm | 1.38 |  |  |  |  |  |  |  |  |  |  |
| China Govt Bond 2.37% 20.01.2027 Uns Cibm | 1.36 |  |  |  |  |  |  |  |  |  |  |
| Répartition monétaire (% of asset) |  |  |  |  |  |  |  |  |  |  |  |
| CNY | 99.77 |  |  |  |  |  |  |  |  |  |  |
| CNH | 0.23 |  |  |  |  |  |  |  |  |  |  |
| EUR | 0.00 |  |  |  |  |  |  |  |  |  |  |
| GBP | 0.00 |  |  |  |  |  |  |  |  |  |  |
| HKD | 0.00 |  |  |  |  |  |  |  |  |  |  |
| SGD | 0.00 |  |  |  |  |  |  |  |  |  |  |
| USD | 0.00 |  |  |  |  |  |  |  |  |  |  |
| CHF | 0.00 |  |  |  |  |  |  |  |  |  |  |
| Source: Pictet Asset Management |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Caractéristiques du portefeuille |  |  |  |  |  |  |  |  |  |  |  |
| À FIN NOVEMBRE 2022 (SUR 1 ANNÉE(S)) |  |  |  |  |  |  |  |  |  |  |  |
| Coupon moyen (%) | 3.35 |  |  |  |  |  |  |  |  |  |  |
| Rendement obligataire moyen (%) | 2.99 |  |  |  |  |  |  |  |  |  |  |
| Duration mod. moy. pondérée (MMP) (années) | 4.12 |  |  |  |  |  |  |  |  |  |  |
| Source: Pictet Asset Management |  |  |  |  |  |  |  |  |  |  |  |