# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
9.36%
9.15%
9.08%
7.89%
7.29%
6.89%
10%
6.31%
5.87%
5.76%
5.61%
4.75%
8%
4.48%
3.68%
4.21%
6%
2.36%
1.94%
1.85%
1.37%
1.20%
0.94%
4%
2%
Telecommunications
Retail
Basic Industry
Financial Services
Healthcare
Services
Leisure
Media
Capital Goods
Automotive
Real Estate
Utility
Technology &
Electronics
Consumer Goods
Energy
Transportation
Not Classified
ABS
Banking
Cash
0%
Portfolio

## Modified duration to worst breakdown
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Cash	0-1	1-3	3-5
Portfolio

## Maturity breakdown
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
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 |
| ARQIVA BROADC FINANCE PL | 6.750 | 30/09/23 | Technology & Electronics | 0.34 | B | 1.57% |
| PINEWOOD FINANCE CO LTD | 3.250 | 30/09/25 | Media | 2.29 | BB | 1.52% |
| CROWN EURO HOLDINGS SA | 4.000 | 15/07/22 | Capital Goods | 0.87 | BB | 1.44% |
| INEOS GROUP HOLDINGS SA | 5.375 | 01/08/24 | Basic Industry | 0.17 | B | 1.43% |
| ROSSINI SARL | 6.750 | 30/10/25 | Healthcare | 0.42 | B | 1.41% |
| LIMACORPORATE SPA | 3.750 | 15/08/23 | Healthcare | 0.22 | B | 1.41% |
| PLAYTECH PLC | 3.750 | 12/10/23 | Leisure | 0.38 | BB | 1.41% |
| SISAL GROUP SPA | 7.000 | 31/07/23 | Leisure | 0.17 | B | 1.40% |
| LOXAM SAS | 3.500 | 03/05/23 | Services | 0.43 | B | 1.36% |
| NWEN FINANCE PLC | 5.875 | 21/06/21 | Utility | 0.07 | BB | 1.36% |
| Number of Holdings | 142 |  |  |  |  |  |


## Rating breakdown
48%
44%
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
BBB	BB	B	CCC	Cash
Portfolio

## Currency breakdown
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
EUR	GBP	Cash
Portfolio

## Country Breakdown
19.83%
19.00%
22%
20%
18%
12.24%
16%
10.12%
14%
7.56%
12%
6.43%
10%
3.90%
3.60%
4.82%
4.21%
8%
2.46%
1.60%
1.55%
1.39%
6%
1.29%
4%
2%
United
Kingdom
United
States
France
Italy
Germany
Netherlands
Spain
Sweden
Luxemburg
Greece
Denmark
Ireland
Mexico
Other
Cash
0%
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
9.36%
9.15%
9.08%
7.89%
7.29%
10%
6.89%
6.31%
5.87%
5.76%
5.61%
8%
4.75%
4.48%
3.68%
4.21%
6%
2.36%
1.94%
1.85%
1.37%
4%
1.20%
0.94%
2%
Télécom.
Produits de
détail
Industrie
Services
Financiers
Sante
Services
Loisirs
Médias
Biens d’équip.
Automobile
Immobilier
Serv. aux
collect.
Tech. & Elec.
Biens de
consommation
Energie
Transport
Non Classé
ABS
Bancaires
Cash
0%
Portefeuille

## Exposition à la Modified Duration to Worst
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Cash	0-1	1-3	3-5
Portefeuille

## Exposition par maturité
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
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 |
| ARQIVA BROADC FINANCE PL | 6.750 | 30/09/23 | Tech. & Elec. | 0.34 | B | 1.57% |
| PINEWOOD FINANCE CO LTD | 3.250 | 30/09/25 | Médias | 2.29 | BB | 1.52% |
| CROWN EURO HOLDINGS SA | 4.000 | 15/07/22 | Biens d’équip. | 0.87 | BB | 1.44% |
| INEOS GROUP HOLDINGS SA | 5.375 | 01/08/24 | Industrie | 0.17 | B | 1.43% |
| ROSSINI SARL | 6.750 | 30/10/25 | Sante | 0.42 | B | 1.41% |
| LIMACORPORATE SPA | 3.750 | 15/08/23 | Sante | 0.22 | B | 1.41% |
| PLAYTECH PLC | 3.750 | 12/10/23 | Loisirs | 0.38 | BB | 1.41% |
| SISAL GROUP SPA | 7.000 | 31/07/23 | Loisirs | 0.17 | B | 1.40% |
| LOXAM SAS | 3.500 | 03/05/23 | Services | 0.43 | B | 1.36% |
| NWEN FINANCE PLC | 5.875 | 21/06/21 | Serv. aux collect. | 0.07 | BB | 1.36% |
| Nombre de lignes | 142 |  |  |  |  |  |


## Exposition par rating
48%
44%
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
BBB	BB	B	CCC	Cash
Portefeuille

## Exposition par devise
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
EUR	GBP	Cash
Portefeuille

## Exposition par pays
19.83%
19.00%
22%
20%
18%
12.24%
16%
10.12%
14%
7.56%
12%
6.43%
10%
3.90%
3.60%
4.82%
4.21%
8%
2.46%
1.60%
1.55%
6%
1.39%
1.29%
4%
2%
Royaume-Uni
Etats-Unis
France
Italie
Allemagne
Pays-Bas
Espagne
Suède
Luxembourg
Grèce
Danemark
Irlande
Mexique
Autres
Cash
0%
Portefeuille
Source(s) : AXA Investment Managers au 28/05/2021