# HOLDINGS: % OF PORTFOLIO
Main Holdings (%)
by Country (%)
Against Benchmark
| BNPP RMB BOND-X C | 7.10 |
| --- | --- |
| BRAZIL FEDERATIVE REPUBLIC OF | 4.13 |
| FED REPUBLIC OF BRAZIL 4.75 PCT 14-JAN-2050 | 2.67 |
| BAHRAIN (KINGDOM OF) 7.50 PCT 20-SEP-2047 | 2.29 |
| BRAZIL FEDERATIVE REPUBLIC OF | 2.11 |
| BRAZIL FEDERATIVE REPUBLIC OF | 1.58 |
| KENYA (REPUBLIC OF) 11.75 PCT 08-OCT-2035 | 1.30 |
| ARGENTINA REPUBLIC OF GOVERNMENT 1.13 | 1.30 |
| EXPORT-IMPORT BANK OF KOREA 7.25 PCT | 1.19 |
| MEXICO (UNITED MEXICAN STATES) | 1.07 |
| No. of Holdings in Portfolio | 336 |

| Brazil | 12.66 | + 6.55 |
| --- | --- | --- |
| Hong Kong | 7.10 | + 7.08 |
| Mexico | 5.66 | - 1.92 |
| Indonesia | 5.66 | - 1.77 |
| South Africa | 5.31 | - 0.50 |
| Malaysia | 5.08 | - 1.15 |
| China | 5.03 | - 2.35 |
| Bahrain | 3.74 | + 2.32 |
| Egypt | 3.66 | + 1.51 |
| Colombia | 3.59 | + 0.09 |
| Derivatives | -0.02 | - 0.02 |
| Forex contracts | 0.60 | + 0.60 |
| Other | 36.80 | - 15.57 |
| Cash | 5.13 | + 5.13 |
| Total | 100.00 |  |

by Rating (%)
by Currency (%)
Against Benchmark
| A- | 6.08 |
| --- | --- |
| BBB+ | 6.22 |
| BBB | 10.57 |
| BBB- | 4.12 |
| BB | 5.28 |
| BB- | 18.22 |
| B+ | 5.83 |
| B | 8.53 |
| B- | 5.45 |
| Other | 15.91 |
| Not rated | 8.07 |
| Derivatives | -0.02 |
| Forex contracts | 0.60 |
| Cash | 5.13 |
| Total | 100.00 |

| USD | 48.72 | - 1.28 |
| --- | --- | --- |
| THB | 6.41 | + 1.46 |
| IDR | 5.62 | + 0.62 |
| BRL | 5.45 | + 0.94 |
| MXN | 5.14 | + 0.15 |
| MYR | 4.84 | + 0.03 |
| ZAR | 4.74 | + 0.29 |
| PLN | 4.72 | + 1.22 |
| CZK | 4.15 | + 1.81 |
| HUF | 3.04 | + 1.28 |
| Other | 7.18 | - 6.50 |
| Total | 100.00 |  |

Source of data: BNP Paribas Asset Management, as at 28.02.2022
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, 2022-02-28):
# POSITIONS : % DU PORTEFEUILLE
Principales positions
| BNPP RMB BOND-X C | 7,10 |
| --- | --- |
| BRAZIL FEDERATIVE REPUBLIC OF | 4,13 |
| FED REPUBLIC OF BRAZIL 4.75 PCT 14-JAN-2050 | 2,67 |
| BAHRAIN (KINGDOM OF) 7.50 PCT 20-SEP-2047 | 2,29 |
| BRAZIL FEDERATIVE REPUBLIC OF | 2,11 |
| BRAZIL FEDERATIVE REPUBLIC OF | 1,58 |
| KENYA (REPUBLIC OF) 11.75 PCT 08-OCT-2035 | 1,30 |
| ARGENTINA REPUBLIC OF GOVERNMENT 1.13 | 1,30 |
| EXPORT-IMPORT BANK OF KOREA 7.25 PCT | 1,19 |
| MEXICO (UNITED MEXICAN STATES) | 1,07 |
| Nb de positions dans le portefeuille | 336 |

par Notation
par Pays	Contre l'Indice
| Brésil | 12,66 | + 6,55 |
| --- | --- | --- |
| Hong-Kong | 7,10 | + 7,08 |
| Mexique | 5,66 | - 1,92 |
| Indonésie | 5,66 | - 1,77 |
| Afrique du Sud | 5,31 | - 0,50 |
| Malaisie | 5,08 | - 1,15 |
| Chine | 5,03 | - 2,35 |
| Bahreïn | 3,74 | + 2,32 |
| Égypte | 3,66 | + 1,51 |
| Colombie | 3,59 | + 0,09 |
| Produits dérivés | -0,02 | - 0,02 |
| Contrats de change | 0,60 | + 0,60 |
| Autres | 36,80 | - 15,57 |
| Liquidités | 5,13 | + 5,13 |
| Total | 100,00 |  |

par Devise	Contre l'Indice
| A- | 6,08 |
| --- | --- |
| BBB+ | 6,22 |
| BBB | 10,57 |
| BBB- | 4,12 |
| BB | 5,28 |
| BB- | 18,22 |
| B+ | 5,83 |
| B | 8,53 |
| B- | 5,45 |
| Autres | 15,91 |
| Non noté | 8,07 |
| Produits dérivés | -0,02 |
| Contrats de change | 0,60 |
| Liquidités | 5,13 |
| Total | 100,00 |

| USD | 48,72 | - 1,28 |
| --- | --- | --- |
| THB | 6,41 | + 1,46 |
| IDR | 5,62 | + 0,62 |
| BRL | 5,45 | + 0,94 |
| MXN | 5,14 | + 0,15 |
| MYR | 4,84 | + 0,03 |
| ZAR | 4,74 | + 0,29 |
| PLN | 4,72 | + 1,22 |
| CZK | 4,15 | + 1,81 |
| HUF | 3,04 | + 1,28 |
| Autres | 7,18 | - 6,50 |
| Total | 100,00 |  |

Source : BNP Paribas Asset Management, en date du 28.02.2022
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.