# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
12.85%
10.56%
10.04%
15.00%
9.08%
8.63%
7.62%
7.19%
12.50%
6.13%
5.85%
4.61%
10.00%
4.40%
3.80%
2.60%
3.98%
7.50%
1.34%
1.08%
0.25%
5.00%
2.50%
Services
Media
Capital Goods
Technology &
Electronics
Healthcare
Telecommunications
Consumer Goods
Financial Services
Basic Industry
Real Estate
Retail
Energy
Leisure
Transportation
Not Classified
Automotive
Cash
0.00%
Portfolio

## Modified duration to worst breakdown
70%
60%

## Maturity breakdown
70%
60%
50%	50%
40%
30%
20%
10%
0%
Cash	0-1	1-3	3-5
Portfolio
40%
30%
20%
10%
0%
Cash	0-1 year	1-3 years	3-5 years	5-7 years
Portfolio
Source(s): AXA Investment Managers as at 28/05/2021
| Portfolio analysis |  |
| --- | --- |
| Top 10 holdings |  |  |  |  |  |  |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| STERICYCLE INC | 5.375 | 15/07/24 | Services | 0.13 | BB | 1.28% |
| B&G FOODS INC | 5.250 | 01/04/25 | Consumer Goods | 0.83 | B | 1.23% |
| SOLERA LLC / SOLERA FINA | 10.500 | 01/03/24 | Technology & Electronics | 0.01 | CCC | 1.22% |
| WESCO DISTRIBUTION INC | 7.125 | 15/06/25 | Services | 1.00 | B | 1.14% |
| VERSCEND ESCROW CORP | 9.750 | 15/08/26 | Healthcare | 0.21 | CCC | 1.11% |
| ARAMARK SERVICES INC | 6.375 | 01/05/25 | Services | 0.91 | B | 1.06% |
| COMMSCOPE TECH LLC | 6.000 | 15/06/25 | Technology & Electronics | 0.02 | CCC | 1.05% |
| US FOODS INC | 6.250 | 15/04/25 | Consumer Goods | 0.86 | B | 1.02% |
| TARGA RESOURCES PARTNERS | 5.875 | 15/04/26 | Energy | 0.08 | BB | 1.00% |
| HERBALIFE/HLF FINANCING | 7.875 | 01/09/25 | Consumer Goods | 1.20 | B | 1.00% |
| Number of Holdings | 238 |  |  |  |  |  |


## Rating breakdown
42.41%
37.41%
48%
44%
40%
36%
32%
28%
24%
11.81%
20%
16%
3.31%
3.98%
12%
1.08%
8%
4%
0%
BBB	BB	B	CCC	NR	Cash
Portfolio

## Currency breakdown
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
USD	Cash
Portfolio

## Country Breakdown
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
United States	Canada	United Kingdom	Arab Emirates	Other	Cash
Portfolio
Source(s): AXA Investment Managers as at 28/05/2021

Translation (ENFR, 2021-05-28):
# Analyse du portefeuille
## Caractéristique du portefeuille

## Caractéristique du portefeuille

## Exposition sectorielle
12.85%
10.56%
10.04%
14%
9.08%
8.63%
12%
7.62%
7.19%
6.13%
5.85%
10%
4.61%
4.40%
3.80%
3.98%
8%
2.60%
6%
1.34%
1.08%
0.25%
4%
2%
Services
Médias
Biens d’équip.
Tech. & Elec.
Sante
Télécom.
Biens de
consommation
Services
Financiers
Industrie
Immobilier
Produits de
détail
Energie
Loisirs
Transport
Non Classé
Automobile
Cash
0%
Portefeuille

## Exposition à la Modified Duration to Worst
70%
60%

## Exposition par maturité
70%
60%
50%	50%
40%
30%
20%
10%
0%
Cash	0-1	1-3	3-5
Portefeuille
40%
30%
20%
10%
0%
Cash	0-1 an	1-3 ans	3-5 ans	5-7 ans
Portefeuille
Source(s) : AXA Investment Managers au 28/05/2021
| Analyse du portefeuille |  |
| --- | --- |
| Les 10 principales lignes |  |  |  |  |  |  |
| Emetteur | Coupon | Maturité | Secteur | Modified duration to worst | Rating | Poids |
| STERICYCLE INC | 5.375 | 15/07/24 | Services | 0.13 | BB | 1.28% |
| B&G FOODS INC | 5.250 | 01/04/25 | Biens de consommation | 0.83 | B | 1.23% |
| SOLERA LLC / SOLERA FINA | 10.500 | 01/03/24 | Tech. & Elec. | 0.01 | CCC | 1.22% |
| WESCO DISTRIBUTION INC | 7.125 | 15/06/25 | Services | 1.00 | B | 1.14% |
| VERSCEND ESCROW CORP | 9.750 | 15/08/26 | Sante | 0.21 | CCC | 1.11% |
| ARAMARK SERVICES INC | 6.375 | 01/05/25 | Services | 0.91 | B | 1.06% |
| COMMSCOPE TECH LLC | 6.000 | 15/06/25 | Tech. & Elec. | 0.02 | CCC | 1.05% |
| US FOODS INC | 6.250 | 15/04/25 | Biens de consommation | 0.86 | B | 1.02% |
| TARGA RESOURCES PARTNERS | 5.875 | 15/04/26 | Energie | 0.08 | BB | 1.00% |
| HERBALIFE/HLF FINANCING | 7.875 | 01/09/25 | Biens de consommation | 1.20 | B | 1.00% |
| Nombre de lignes | 238 |  |  |  |  |  |


## Exposition par rating
42.41%
37.41%
48%
44%
40%
36%
32%
28%
24%
11.81%
20%
16%
3.31%
3.98%
12%
1.08%
8%
4%
0%
BBB	BB	B	CCC	NR	Cash
Portefeuille

## Exposition par devise
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
USD	Cash
Portefeuille

## Exposition par pays
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Etats-Unis	Canada	Royaume-Uni	Emirats Arabes	Autres	Cash
Portefeuille
Source(s) : AXA Investment Managers au 28/05/2021