# HOLDINGS: % OF PORTFOLIO
Main Holdings (%)
by Country (%)
Against Benchmark
| GERMANY (FEDERAL REPUBLIC OF) 0.00 PCT | 11.79 |
| --- | --- |
| BNPP RMB BOND-X C | 8.62 |
| EUROPEAN UNION 0.00 PCT 02-JUN-2028 | 3.64 |
| PETROLEOS MEXICANOS 1.88 PCT 21-APR-2022 | 2.13 |
| UMBS 30YR TBA(REG A) 3.00 PCT 25-APR-2050 | 2.03 |
| JAPAN (GOVERNMENT OF) 0.40 PCT | 1.35 |
| JAPAN (GOVERNMENT OF) 0.40 PCT 20-SEP-2025 | 1.29 |
| FREMF MORTGAGE TRUST FREMF_17-K727 3.73 | 1.20 |
| JAPAN (GOVERNMENT OF) 0.80 PCT | 1.14 |
| EGYPT (ARAB REPUBLIC OF) 6.59 PCT | 1.10 |
| No. of Holdings in Portfolio | 619 |

| United States | 31.96 | - 5.97 |
| --- | --- | --- |
| Germany | 13.20 | + 8.36 |
| Japan | 9.77 | - 3.57 |
| Hong Kong | 8.64 | + 8.50 |
| United Kingdom | 5.19 | + 0.18 |
| Supranational | 4.59 | + 2.80 |
| China | 3.50 | - 4.85 |
| France | 3.39 | - 2.06 |
| Mexico | 2.75 | + 2.28 |
| Spain | 2.71 | + 0.37 |
| Derivatives | 0.14 | + 0.14 |
| Forex contracts | -0.38 | - 0.38 |
| Other | 15.25 | - 5.11 |
| Cash | -0.70 | - 0.69 |
| Total | 100.00 |  |

by Rating (%)
by Currency (%)
Against Benchmark
| AAA | 32.88 |
| --- | --- |
| AA | 3.33 |
| AA- | 5.09 |
| A+ | 10.43 |
| A | 4.35 |
| A- | 4.71 |
| BBB+ | 5.43 |
| BBB | 11.16 |
| BBB- | 5.74 |
| Other | 8.13 |
| Not rated | 9.70 |
| Derivatives | 0.14 |
| Forex contracts | -0.38 |
| Cash | -0.70 |
| Total | 100.00 |

| EUR | 98.07 | - 1.97 |
| --- | --- | --- |
| USD | 9.63 | + 9.66 |
| SEK | 1.08 | + 1.08 |
| INR | 1.01 | + 1.01 |
| BRL | 0.51 | + 0.51 |
| MXN | 0.08 | + 0.08 |
| AUD | 0.03 | + 0.03 |
| HKD | 0.02 | + 0.02 |
| CAD | 0.02 | + 0.03 |
| JPY | 0.02 | + 0.02 |
| Other | -10.48 | - 10.47 |
| 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
| GERMANY (FEDERAL REPUBLIC OF) 0.00 PCT | 11,79 |
| --- | --- |
| BNPP RMB BOND-X C | 8,62 |
| EUROPEAN UNION 0.00 PCT 02-JUN-2028 | 3,64 |
| PETROLEOS MEXICANOS 1.88 PCT 21-APR-2022 | 2,13 |
| UMBS 30YR TBA(REG A) 3.00 PCT 25-APR-2050 | 2,03 |
| JAPAN (GOVERNMENT OF) 0.40 PCT | 1,35 |
| JAPAN (GOVERNMENT OF) 0.40 PCT 20-SEP-2025 | 1,29 |
| FREMF MORTGAGE TRUST FREMF_17-K727 3.73 | 1,20 |
| JAPAN (GOVERNMENT OF) 0.80 PCT | 1,14 |
| EGYPT (ARAB REPUBLIC OF) 6.59 PCT | 1,10 |
| Nb de positions dans le portefeuille | 619 |

par Notation
par Pays	Contre l'Indice
| États-Unis | 31,96 | - 5,97 |
| --- | --- | --- |
| Allemagne | 13,20 | + 8,36 |
| Japon | 9,77 | - 3,57 |
| Hong-Kong | 8,64 | + 8,50 |
| Royaume-Uni | 5,19 | + 0,18 |
| Supranational | 4,59 | + 2,80 |
| Chine | 3,50 | - 4,85 |
| France | 3,39 | - 2,06 |
| Mexique | 2,75 | + 2,28 |
| Espagne | 2,71 | + 0,37 |
| Produits dérivés | 0,14 | + 0,14 |
| Contrats de change | -0,38 | - 0,38 |
| Autres | 15,25 | - 5,11 |
| Liquidités | -0,70 | - 0,69 |
| Total | 100,00 |  |

par Devise	Contre l'Indice
| AAA | 32,88 |
| --- | --- |
| AA | 3,33 |
| AA- | 5,09 |
| A+ | 10,43 |
| A | 4,35 |
| A- | 4,71 |
| BBB+ | 5,43 |
| BBB | 11,16 |
| BBB- | 5,74 |
| Autres | 8,13 |
| Non noté | 9,70 |
| Produits dérivés | 0,14 |
| Contrats de change | -0,38 |
| Liquidités | -0,70 |
| Total | 100,00 |

| EUR | 98,07 | - 1,97 |
| --- | --- | --- |
| USD | 9,63 | + 9,66 |
| SEK | 1,08 | + 1,08 |
| INR | 1,01 | + 1,01 |
| BRL | 0,51 | + 0,51 |
| MXN | 0,08 | + 0,08 |
| AUD | 0,03 | + 0,03 |
| HKD | 0,02 | + 0,02 |
| CAD | 0,02 | + 0,03 |
| JPY | 0,02 | + 0,02 |
| Autres | -10,48 | - 10,47 |
| 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.