# Historical risk indicators (Source: Amundi)
## Spread Weighted Modified Duration (SWMD) (%, source: Amundi)
15
10
5
04/2021
05/2021
06/2021
07/2021
08/2021
09/2021
10/2021
11/2021
12/2021
01/2022
02/2022
0

### Portfolio	Benchmark

## Spread Modified Duration (Source: Amundi) **
Treasuries Financials Industrials
Government related
Emerging sovereign (external
debt) Emerging sovereign (local
debt) Emerging govt. related
Securitized
Utilities Swap
- 
#### Includes Credit Default Swaps

CDS - Broad Market
Others
-2	-1	0	1	2	3	4

#### ** Includes Credit Default Swaps

### Portfolio
Top 15 issuers (Source: Amundi)	Breakdown by rating & sector (Source: Amundi) *
|  | Sector | % asset * |  |  | Investment grade | Speculative grade |
| --- | --- | --- | --- | --- | --- | --- |
| Germany | Treasuries | 18.30% |  |  | % of assets | % of assets |
| United States of America | Treasuries | 11.05% |  | Financials | 17.36% | 9.99% |
| CANADA HOUSING TRUST | Government related | 5.02% |  | Emg sovereign (local) | 0.00% | 4.06% |
| Japan | Treasuries | 4.04% |  | Emg sovereign (external) | 2.96% | 3.26% |
| Belgium | Treasuries | 3.90% |  | Government related | 11.04% | - |
| Brazil | Emerging sovereign (local debt) | 3.36% |  | Industrials | 9.30% | 2.47% |
| Italian Republic | Treasuries | 3.32% |  | Emerging govt. related | - | 1.81% |
| Intesa SanPaolo Spa | Financials | 2.36% |  | Securitized | 0.94% | - |
| Unicredit SPA | Financials | 1.95% |  | Treasuries | 47.86% | 0.42% |
| Volkswagen Intl Fin NV | Industrials | 1.82% |  | CDS - Broad Market | -4.10% | -11.67% |
| PETROLEOS MEXICANOS | Emerging govt. related | 1.81% |  | Utilities | 0.83% | - |
| TOTALENERGIES SE | Industrials | 1.71% |  | Others | 3.54% | 1.44% |
| CAIXABANK SA | Financials | 1.58% |  | Total | 89.73% | 11.78% |
| BP CAPITAL MARKETS PLC | Industrials | 1.50% |  | * Includes Credit Default Swaps |  |  |
| UBS GROUP AG | Financials | 1.47% |  |  |  |  |
| * Includes Credit Default Swaps |  |  |  |  |  |  |

Main emerging debt allocation (Top 5, source: Amundi)
|  | % asset |
| --- | --- |
| Brazil | 3.36% |
| Mexico | 2.60% |
| Bahrein | 0.98% |
| Oman | 0.91% |
| Qatar | 0.85% |
| Total | 8.70% |

Top Currency risk allocation (% of assets, source: Amundi)
15 %
10 %
5 %
0 %
-5 %
-10 %
11.17 %
2.77 %2.74 %2.65 %
0.79 %
1.92 %1.61 %1.43 %1.41 %1.38 %1.26 %1.08 %
0.27 %0.26 %
-0.20 %-0.28 %
-1.23 %
-1.74 %-1.78 %-1.81 %
-2.40 %-2.81 %-3.19 %
-5.17 %
-8.98 % USD BRL NOK AUD MXN IDR NZD THB KRW PLN SEK CZK SGD CNH RUB CNY INR CHF ZAR HUF GBP JPY	ILS TWD EUR

### Spread (P - B)

Translation (ENFR, 2022-02-28):
# Indicateurs de risque historique (Source : Amundi)
## SPS (%, source : Amundi)
15
10
5
04/2021
05/2021
06/2021
07/2021
08/2021
09/2021
10/2021
11/2021
12/2021
01/2022
02/2022
0
- Dérivés de credit inclus


## Spread Modified Duration **
Emprunts d'Etats
Finance Industrie
Quasi-Etats
Etats émergents (dette
externe) Etats émergents (dette
interne) Quasi-Etats émergents
Sécurisé Services publics
Swap CDS - Broad Market
Autres

### Portefeuille	Indice
-2	-1	0	1	2	3	4

### ** Dérivés de credit inclus

### Portefeuille
Top 15 émetteurs (Source : Amundi)	Allocation par notation et secteur (Source : Amundi) *
|  | Secteur | % d'actif * |  |  | Catégorie investissement | Catégorie spéculative |
| --- | --- | --- | --- | --- | --- | --- |
| Allemagne | Emprunts d'Etats | 18,30% |  |  | % d'actif | % d'actif |
| Etats-Unis | Emprunts d'Etats | 11,05% |  | Finance | 17,36% | 9,99% |
| CANADA HOUSING TRUST | Quasi-Etats | 5,02% |  | Etats émgts (dette int.) | 0,00% | 4,06% |
| Japon | Emprunts d'Etats | 4,04% |  | Etats émgts (dette ext.) | 2,96% | 3,26% |
| Belgique | Emprunts d'Etats | 3,90% |  | Quasi-Etats | 11,04% | - |
| Brésil | Etats émergents (dette interne) | 3,36% |  | Industrie | 9,30% | 2,47% |
| République italienne | Emprunts d'Etats | 3,32% |  | Quasi-Etats émergents | - | 1,81% |
| Intesa SanPaolo Spa | Finance | 2,36% |  | Sécurisé | 0,94% | - |
| Unicredit SPA | Finance | 1,95% |  | Emprunts d'Etats | 47,86% | 0,42% |
| Volkswagen Intl Fin NV | Industrie | 1,82% |  | CDS - Broad Market | -4,10% | -11,67% |
| PETROLEOS MEXICANOS | Quasi-Etats émergents | 1,81% |  | Services publics | 0,83% | - |
| TOTALENERGIES SE | Industrie | 1,71% |  | Autres | 3,54% | 1,44% |
| CAIXABANK SA | Finance | 1,58% |  | Total | 89,73% | 11,78% |
| BP CAPITAL MARKETS PLC | Industrie | 1,50% |  | * Dérivés de credit inclus |  |  |
| UBS GROUP AG | Finance | 1,47% |  |  |  |  |
| * Dérivés de credit inclus |  |  |  |  |  |  |

Principales obligations de dette émergente (Top 5, source : Amundi)
|  | % d'actif |
| --- | --- |
| Brésil | 3,36% |
| Mexique | 2,60% |
| Bahrein | 0,98% |
| Oman | 0,91% |
| Qatar | 0,85% |
| Total | 8,70% |

Allocation du risque par devise (% d'actif , source : Amundi)
15 %
10 %
5 %
0 %
-5 %
-10 %
11,17 %
2,77 %2,74 %2,65 %
0,79 %
1,92 %1,61 %1,43 %1,41 %1,38 %1,26 %1,08 %
0,27 %0,26 %
-0,20 %-0,28 %
-1,23 %
-1,74 %-1,78 %-1,81 %
-2,40 %-2,81 %-3,19 %
-5,17 %
-8,98 % USD BRL NOK AUD MXN IDR NZD THB KRW PLN SEK CZK SGD CNH RUB CNY INR CHF ZAR HUF GBP JPY	ILS TWD EUR

### Ecart (P - I)