# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
11.30%
10.45%
8.35%
8.21%
5.88%
7.88%
4.51%
7.49%
9.66%
6.54%
9.33%
9.80%
12%
6.99%
5.50%
6.81%
4.96%
6.45%
5.01%
2.53%
5.51%
2.38%
5.55%
10%
4.39%
5.02%
4.76%
4.11%
3.27%
3.06%
3.74%
4.94%
8%
2.92%
2.50%
2.70%
1.43%
0.00%
0.96%
2.11%
6%
0.90%
0.84%
0.00%
1.02%
0.23%
4%
2%
Services
Basic Industry
Retail
Healthcare
Automotive
Capital Goods
Financial Services
Telecommunications
Media
Real Estate
Leisure
Technology &
Electronics
Consumer Goods
Banking
Utility
Transportation
Not Classified
Insurance
Energy
ABS
Cash
0%
Portfolio	Benchmark*
24.18%
34.25%
33.43%
28.25%
37.15%
47.38%
43.53%
30.12%

## Modified duration to worst breakdown	Maturity breakdown
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20
50%
40%
30%
20%
10%
0%
1.02%
0.23%
9.23%
10.78%
14.34%
1.52%
5.19%
0.00%
0.43%
1.02%
0.23%
16.16%
22.62%
Cash	1-3
years
3-5
years
21.66%
5-7
years
5.32%
10.91%
7-10
years
0.00%
0.88%
10-20
years
0.00%
0.17%
+20
years
Portfolio	Benchmark*	Portfolio	Benchmark*
| Portfolio analysis |  |
| --- | --- |
| Top 10 holdings |  |  |  |  |  |  |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| NATIONWIDE BLDG SOCIETY | 5.875 | 31/12/99 | Banking | 3.19 | BB | 1.10% |
| CONTOURGLOBAL POWER HLDG | 3.125 | 01/01/28 | Utility | 4.32 | BB | 1.03% |
| ARDAGH PKG FIN/HLDGS USA | 4.750 | 15/07/27 | Capital Goods | 3.81 | CCC | 1.03% |
| IHO VERWALTUNGS GMBH | 3.750 | 15/09/26 | Automotive | 0.30 | BB | 1.02% |
| KAPLA HOLDING SAS | 3.375 | 15/12/26 | Services | 5.11 | B | 1.02% |
| PEACH PROPERTY FINANCE | 3.500 | 15/02/23 | Real Estate | 1.45 | BB | 1.02% |
| ARQIVA BROADC FINANCE PL | 6.750 | 30/09/23 | Technology & Electronics | 0.34 | B | 1.01% |
| ARENA LUX FIN SARL | 1.875 | 01/02/28 | Transportation | 6.34 | B | 1.00% |
| WEPA HYGIENEPRODUKTE GMB | 2.875 | 15/12/27 | Basic Industry | 6.02 | B | 1.00% |
| PICARD GROUPE SAS | 3.000 | 30/11/23 | Retail | 0.10 | B | 1.00% |
| Number of Holdings | 158 |  |  |  |  |  |

71.35%

## Rating breakdown
80%
49.81%
70%
39.13%
60%
50%
26.00%
40%
10.04%
30%
2.29%
20%
0.00%
0.13%
1.02%
0.23%
10%
0%
BBB	BB	B	CCC	Cash
Portfolio	Benchmark*

## Currency breakdown
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
EUR	GBP	Cash
Portfolio	Benchmark*

## Country Breakdown
21.56%
24%
16.83%
22%
15.30%
20%
13.25%
12.95%
12.97%
18%
11.54%
10.88%
11.12%
10.65%
16%
9.88%
14%
8.05%
12%
6.73%
6.31%
10%
4.22%
3.37%
4.56%
8%
2.87%
2.45%
2.99%
2.37%
1.69%
1.47%
2.56%
1.14%
6%
0.68%
0.18%
0.18%
1.02%
0.23%
4%
2%
United
States
United
Kingdom
Germany
France
Italy
Netherlands
Spain
Luxemburg
Sweden
Belgium
Denmark
Mexico
South Africa
Other
Cash
0%
Portfolio	Benchmark*

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

## Caractéristique du portefeuille

## Exposition sectorielle
11.30%
10.45%
8.35%
7.49%
9.66%
9.33%
9.80%
12%
8.21%
5.88%
7.88%
6.99%
5.50%
6.81%
4.96%
6.54%
10%
6.45%
5.01%
5.02%
4.76%
5.51%
5.55%
4.94%
8%
4.39%
4.51%
4.11%
3.27%
3.06%
3.74%
2.92%
2.50%
2.70%
6%
2.53%
2.38%
1.43%
0.00%
0.96%
2.11%
0.90%
0.84%
0.00%
1.02%
0.23%
4%
2%
Services
Industrie
Produits de
détail
Sante
Automobile
Biens d’équip.
Services
Financiers
Télécom.
Médias
Immobilier
Loisirs
Tech. & Elec.
Biens de
consommation
Bancaires
Serv. aux
collect.
Transport
Non Classé
Assurances
Energie
ABS
Cash
0%
Portefeuille	Indice de référence*
24.18%
34.25%
33.43%
28.25%
37.15%
47.38%
43.53%
30.12%

## Exposition à la Modified Duration to Worst	Exposition par maturité
40%
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
1.02%
0.23%
9.23%
10.78%
14.34%
1.52%
5.19%
0.00%
0.43%
Cash	0-1	1-3	3-5	5-7	7-10	10-20
Portefeuille	Indice de référence*
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
1.02%
0.23%
16.16%
22.62%
21.66%
5.32%
10.91%
0.00%
0.88%
0.00%
0.17%
Cash	1-3 ans	3-5 ans	5-7 ans	7-10 ans  10-20 ans  + 20 ans
Portefeuille	Indice de référence*
| Analyse du portefeuille |  |
| --- | --- |
| Les 10 principales lignes |  |  |  |  |  |  |
| Emetteur | Coupon | Maturité | Secteur | Modified duration to worst | Rating | Poids |
| NATIONWIDE BLDG SOCIETY | 5.875 | 31/12/99 | Bancaires | 3.19 | BB | 1.10% |
| CONTOURGLOBAL POWER HLDG | 3.125 | 01/01/28 | Serv. aux collect. | 4.32 | BB | 1.03% |
| ARDAGH PKG FIN/HLDGS USA | 4.750 | 15/07/27 | Biens d’équip. | 3.81 | CCC | 1.03% |
| IHO VERWALTUNGS GMBH | 3.750 | 15/09/26 | Automobile | 0.30 | BB | 1.02% |
| KAPLA HOLDING SAS | 3.375 | 15/12/26 | Services | 5.11 | B | 1.02% |
| PEACH PROPERTY FINANCE | 3.500 | 15/02/23 | Immobilier | 1.45 | BB | 1.02% |
| ARQIVA BROADC FINANCE PL | 6.750 | 30/09/23 | Tech. & Elec. | 0.34 | B | 1.01% |
| ARENA LUX FIN SARL | 1.875 | 01/02/28 | Transport | 6.34 | B | 1.00% |
| WEPA HYGIENEPRODUKTE GMB | 2.875 | 15/12/27 | Industrie | 6.02 | B | 1.00% |
| PICARD GROUPE SAS | 3.000 | 30/11/23 | Produits de détail | 0.10 | B | 1.00% |
| Nombre de lignes | 158 |  |  |  |  |  |

71.35%

## Exposition par rating
80%
49.81%
70%
39.13%
60%
50%
26.00%
40%
10.04%
30%
2.29%
20%
0.00%
0.13%
1.02%
0.23%
10%
0%
BBB	BB	B	CCC	Cash
Portefeuille	Indice de référence*

## Exposition par devise
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
EUR	GBP	Cash
Portefeuille	Indice de référence*

## Exposition par pays
21.56%
24%
16.83%
22%
15.30%
20%
13.25%
12.95%
12.97%
18%
11.54%
10.88%
11.12%
10.65%
16%
9.88%
14%
8.05%
12%
6.73%
6.31%
10%
4.22%
3.37%
2.99%
4.56%
8%
2.87%
2.45%
2.37%
1.69%
1.47%
2.56%
1.14%
1.02%
6%
0.68%
0.18%
0.18%
0.23%
4%
2%
Etats-Unis
Royaume-Uni
Allemagne
France
Italie
Pays-Bas
Espagne
Luxembourg
Suède
Belgique
Danemark
Mexique
Afrique du
Sud
Autres
Cash
0%
Portefeuille	Indice de référence*