# Mirova Europe Sustainable Economy Fund
## FIXED INCOME SLEEVE ANALYSIS AS OF 30/09/2021
Fixed Income Analysis (49.27%)
WEIGHTED AVERAGE RATING FACTOR 
*
France	18.0	20.7
| United States | 11.1 | 20.0 |
| --- | --- | --- |
| Spain | 10.1 | 6.0 |
| Italy | 7.6 | 4.7 |
| United Kingdom | 6.9 | 8.8 |
| Netherlands | 4.9 | 5.0 |
| Denmark | 4.8 | 1.2 |
| Sweden	4.6	2.6 Belgium	4.2	2.0 Other countries	14.9	14.4 |

| AA+ | 0.0 | 0.4 |
| --- | --- | --- |
| AA | 0.0 | 0.7 |
| AA- | 1.1 | 3.3 |
| A+ | 0.0 | 7.6 |


###### Germany	13.1	14.8
Equivalent to a rating between	BBB and BBB-
* This method assigns a rating factor to each long-term rating (Logarithmic scale) Non-rated securities are excluded from the calculation.
RATING BREAKDOWN	Asset %	Index %
AAA	0.0	0.3
| A | 7.6 | 9.5 |
| --- | --- | --- |
| A- | 8.4 | 15.2 |
| BBB+ | 10.6 | 26.0 |
| BBB	21.4	21.5 BBB-	17.9	14.0 BB+	7.3	0.4 BB	5.9	0.0 BB-	1.9	0.0 B+	1.2	0.0 NR	16.6	1.1 |
| Lowest rating between S&P's and Moody's, using the S&P's rating scale |
| SECTOR BREAKDOWN FROM THE BOND	Asset % Index % CATEGORY |
| Corporates | 93.1 | 100.0 |
| Financial | 40.5 | 41.4 |


#### MAIN CUMULATIVE BOND TRANSACTIONS	

##### Purchases	Amount
AGCO 0.800% 10-28	1,300,104
BCPPL TR 04-28	895,877
HEIMST 4.375% 03-27	697,556
CXGD TR 09-27	499,233
WOWAU 0.375% 11-28	496,924

##### Sales	Amount
BNFP 0% 12-25	604,829
STANLN TR 07-27	413,834
CXGD TR 06-28	330,775
ERFFP 3.750% 07-26	234,977
EQIX 1.000% 03-33	202,520
Source: Natixis Investment Managers International unless otherwise indicated
Defensive	30.1	32.9
Cyclical	22.5	25.7

###### Agencies and Supranational	6.3	-
Agencies	4.3	-
Local Authorities	2.0	-

###### Securitized	0.6	-
Covered	0.6	-
BCLASS Nomenclature

Translation (ENFR, 2021-09-30):
# Mirova Europe Sustainable Economy Fund
## ANALYSE DU MARCHÉ ACTIONS AU 30/09/2021
Analyse de l'allocation de la Poche Actions (51,40%)
| PRINCIPALES LIGNES | Poche % |
| --- | --- |
| SANOFI-AVENTIS | 3,8 |
| ASTRAZENECA | 3,7 |
| ASML HOLDING REGR. | 3,6 |
| UNICREDIT REGR. | 3,5 |
| SAINT GOBAIN | 3,2 |
| AXA | 3,0 |
| INTESA SANPAOLO | 2,9 |
| ROCHE HOLDING BJ N | 2,9 |
| AVIVA P.L.C. | 2,8 |
| SMURFIT KAPPA LN GBp | 2,7 |
| Total | 32,0 |
| Nombre total de titres | 53 |

| RÉPARTITION GÉOGRAPHIQUE PAR	Poche %	Indice % |
| --- |
| PAYS |  |  |
| France | 45,1 | 17,2 |
| Royaume-Uni | 14,6 | 20,7 |
| Irlande | 6,5 | 1,1 |
| Italie | 6,4 | 3,2 |
| Pays-Bas | 5,9 | 8,5 |
| Allemagne | 4,6 | 13,9 |
| Espagne | 3,6 | 3,8 |
| Suisse | 2,9 | 14,9 |
| Suède | 2,8 | 5,4 |
| Danemark | 2,2 | 4,1 |
| Autres Pays | 5,4 | 7,3 |

Poche % Indice %

### RÉPARTITION PAR TAILLE DE	 CAPITALISATION
< 2 Mrds USD	1,9	0,0
2 à 10 Mrds USD	14,0	5,3
10 à 100 Mrds USD	66,8	67,6
> 100 Mrds USD	17,4	27,1
| RÉPARTITION SECTORIELLE DE LA POCHE ACTION | Poche % Indice % |
| --- | --- |
| Finance | 18,4 | 16,0 |
| Industrie | 15,1 | 14,9 |
| Technologies de l'information | 14,9 | 8,6 |
| Santé | 13,3 | 14,4 |
| Services aux collectivités | 9,7 | 4,1 |
| Matériaux | 8,9 | 7,8 |
| Consommation discrétionnaire | 7,1 | 11,7 |
| Biens de consommation de base | 6,3 | 12,5 |
| Services de communication | 3,3 | 3,8 |
| Immobilier | 3,2 | 1,3 |
| Energie | 0,0 | 4,8 |


##### Nomenclature MSCI Source : Natixis Investment Managers International sauf indication contraire

##### Poids en exposition ( dérivés inclus)
PRINCIPALES TRANSACTIONS CUMULÉES D'ACTIONS
Achats	Montant
TEL.ERICSSON S.B.	611 985
UNICREDIT REGR.	406 760
| RENAULT | 403 958 |
| --- | --- |
| ORPEA | 396 259 |
| SANOFI-AVENTIS | 385 600 |
| Ventes | Montant |
| SSE PLC | 197 183 |
| LVMH MOET HENNESSY | 192 090 |
| STMICROELECTRO NV | 180 129 |
| EUROFINS FP EUR | 160 615 |
| CRODA INTL. IX GBp | 140 320 |