# HOLDINGS: % OF PORTFOLIO
Main Holdings (%)
by Country (%)
Against Benchmark
| BNPP RMB BOND-X C | 9.98 |
| --- | --- |
| BRAZIL FEDERATIVE REPUBLIC OF | 4.78 |
| EXPORT-IMPORT BANK OF KOREA 7.25 PCT | 2.61 |
| SOUTH AFRICA (REPUBLIC OF) 8.75 PCT | 2.50 |
| SOUTH AFRICA (REPUBLIC OF) 8.50 PCT | 2.49 |
| MEXICO (UNITED MEXICAN STATES) | 2.42 |
| RUSSIAN FEDERATION 5.70 PCT 17-MAY-2028 | 2.18 |
| MEXICO (UNITED MEXICAN STATES) | 1.92 |
| RUSSIAN FEDERATION 7.40 PCT 17-JUL-2024 | 1.81 |
| MEXICO (UNITED MEXICAN STATES) | 1.81 |
| No. of Holdings in Portfolio | 136 |

| Hong Kong | 9.98 | + 9.98 |
| --- | --- | --- |
| Russian Federation | 9.79 | + 2.95 |
| South Africa | 9.75 | + 1.34 |
| Mexico | 9.58 | + 0.23 |
| Malaysia | 8.79 | + 0.06 |
| Indonesia | 8.10 | - 1.90 |
| Brazil | 7.71 | - 0.63 |
| Poland | 5.92 | - 1.09 |
| Colombia | 4.35 | + 0.29 |
| Czech Republic | 3.48 | - 1.22 |
| Derivatives | -0.07 | - 0.07 |
| Forex contracts | -0.21 | - 0.21 |
| Other | 22.99 | - 9.58 |
| Cash | -0.16 | - 0.16 |
| Total | 100.00 |  |

by Rating (%)
by Currency (%)
Against Benchmark
| AA- | 3.48 |
| --- | --- |
| A | 4.98 |
| A- | 9.73 |
| BBB+ | 14.83 |
| BBB | 21.68 |
| BBB- | 6.94 |
| BB | 9.75 |
| BB- | 8.04 |
| B | 3.86 |
| Other | 7.18 |
| Not rated | 9.98 |
| Derivatives | -0.07 |
| Forex contracts | -0.21 |
| Cash | -0.16 |
| Total | 100.00 |

| THB | 10.09 | + 1.01 |
| --- | --- | --- |
| IDR | 9.92 | - 0.08 |
| MXN | 9.54 | + 0.19 |
| BRL | 9.19 | + 0.85 |
| ZAR | 9.13 | + 0.72 |
| MYR | 8.79 | + 0.06 |
| RUB | 8.45 | + 1.62 |
| PLN | 7.13 | + 0.12 |
| CZK | 4.82 | + 0.12 |
| COP | 4.19 | + 0.14 |
| Other | 18.74 | - 4.75 |
| Total | 100.00 |  |

Source of data: BNP Paribas Asset Management, as at 31.01.2022
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, 2022-01-31):
# POSITIONS : % DU PORTEFEUILLE
Principales positions
| BNPP RMB BOND-X C | 9,98 |
| --- | --- |
| BRAZIL FEDERATIVE REPUBLIC OF | 4,78 |
| EXPORT-IMPORT BANK OF KOREA 7.25 PCT | 2,61 |
| SOUTH AFRICA (REPUBLIC OF) 8.75 PCT | 2,50 |
| SOUTH AFRICA (REPUBLIC OF) 8.50 PCT | 2,49 |
| MEXICO (UNITED MEXICAN STATES) | 2,42 |
| RUSSIAN FEDERATION 5.70 PCT 17-MAY-2028 | 2,18 |
| MEXICO (UNITED MEXICAN STATES) | 1,92 |
| RUSSIAN FEDERATION 7.40 PCT 17-JUL-2024 | 1,81 |
| MEXICO (UNITED MEXICAN STATES) | 1,81 |
| Nb de positions dans le portefeuille | 136 |

par Notation
par Pays	Contre l'Indice
| Hong-Kong | 9,98 | + 9,98 |
| --- | --- | --- |
| Fédération de Russie | 9,79 | + 2,95 |
| Afrique du Sud | 9,75 | + 1,34 |
| Mexique | 9,58 | + 0,23 |
| Malaisie | 8,79 | + 0,06 |
| Indonésie | 8,10 | - 1,90 |
| Brésil | 7,71 | - 0,63 |
| Pologne | 5,92 | - 1,09 |
| Colombie | 4,35 | + 0,29 |
| République tchèque | 3,48 | - 1,22 |
| Produits dérivés | -0,07 | - 0,07 |
| Contrats de change | -0,21 | - 0,21 |
| Autres | 22,99 | - 9,58 |
| Liquidités | -0,16 | - 0,16 |
| Total | 100,00 |  |

par Devise	Contre l'Indice
| AA- | 3,48 |
| --- | --- |
| A | 4,98 |
| A- | 9,73 |
| BBB+ | 14,83 |
| BBB | 21,68 |
| BBB- | 6,94 |
| BB | 9,75 |
| BB- | 8,04 |
| B | 3,86 |
| Autres | 7,18 |
| Non noté | 9,98 |
| Produits dérivés | -0,07 |
| Contrats de change | -0,21 |
| Liquidités | -0,16 |
| Total | 100,00 |

| THB | 10,09 | + 1,01 |
| --- | --- | --- |
| IDR | 9,92 | - 0,08 |
| MXN | 9,54 | + 0,19 |
| BRL | 9,19 | + 0,85 |
| ZAR | 9,13 | + 0,72 |
| MYR | 8,79 | + 0,06 |
| RUB | 8,45 | + 1,62 |
| PLN | 7,13 | + 0,12 |
| CZK | 4,82 | + 0,12 |
| COP | 4,19 | + 0,14 |
| Autres | 18,74 | - 4,75 |
| Total | 100,00 |  |

Source : BNP Paribas Asset Management, en date du 31.01.2022
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.