# Portfolio Analysis
## Asset Allocation (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Equity | 63.26 | 61.83 | 63.95 | 62.58 | 63.59 | 63.24 | 63.54 | 59.75 | 56.72 | 60.00 | 57.68 | 56.83 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bonds | 36.74 | 38.17 | 36.05 | 37.42 | 36.41 | 36.76 | 36.46 | 40.25 | 43.28 | 40.00 | 42.32 | 43.17 |


## Currency Breakdown (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
|  | USD | SEK | NOK | EUR | CAD | CHF | Other |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 101.53 | 0.12 | - | -0.03 | -0.04 | -0.15 | -1.43 |  |
| Equity Top 10 Holdings |  |  |  |  |
| Equity | Weighting (%) | Sector | Geography |  |
| Prologis Inc | 4.99 | Real Estate | United States |  |
| AvalonBay Communities Inc | 2.87 | Real Estate | United States |  |
| American Homes 4 Rent | 2.47 | Real Estate | United States |  |
| Goodman Group | 2.41 | Real Estate | Australia |  |
| Equinix Inc | 2.36 | Real Estate | United States |  |
| Capitaland Investment Ltd | 2.29 | Real Estate | Singapore |  |
| Mitsui Fudosan Co Ltd | 2.04 | Real Estate | Japan |  |
| Alexandria Real Estate Equi... | 2.03 | Real Estate | United States |  |
| Link REIT | 1.97 | Real Estate | Hong Kong |  |
| Extra Space Storage Inc | 1.85 | Real Estate | United States |  |
| Total (%) | 25.27 |  |  |  |
| Sector Breakdown (%) |  |  |  |  |
|  |  |  |  | Portfolio |
| Real estate |  |  |  | 100.00 |

-20
| Fixed Income Top 10 Holdings |  |
| --- | --- |
| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| EURO-BUND FUTURE DEC22 Counter Expo | 6.91 | Germany | 0.0 | 0.00 |
| US 10YR ULTRA FUT DEC22 C Expo | 2.84 | United States | 0.0 | 0.00 |
| US 10YR NOTE (CBT)DEC22 Counter Expo | 2.82 | United States | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.48 | Hong Kong | 6.4 | 0.09 |
| Fonciere des Murs SCA 1% 07/27/2029 | 0.99 | France | 6.0 | 0.06 |
| UDR Inc 4.4% 01/26/2029 | 0.97 | United States | 5.2 | 0.05 |
| Segro Capital Sarl 0.5% 09/22/2031 | 0.97 | United Kingdom | 8.1 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 0.95 | Spain | 6.0 | 0.06 |
| Sagax AB 2.25% 03/13/2025 | 0.94 | Sweden | 2.0 | 0.02 |
| Scentre Group Trust 1 / Trust 2 3.625% 01/28/2026 | 0.94 | Australia | 3.0 | 0.03 |
| Total (%) | 19.82 |  |  |  |
| Maturity Breakdown (%) |  |  |  |  |

35
30
25
20
15
10
5
0	0 - 1 Year	1 - 3 years	3 - 5 years	5 - 7 years	7 - 10 years	10 - 15 years
Portfolio	4.06	7.70	32.60	26.06	29.31	0.25

Translation (ENFR, 2022-09-30):
# Analyse du portefeuille
## Répartition par classe d'actifs (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Actions | 63.26 | 61.83 | 63.95 | 62.58 | 63.59 | 63.24 | 63.54 | 59.75 | 56.72 | 60.00 | 57.68 | 56.83 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Obligations | 36.74 | 38.17 | 36.05 | 37.42 | 36.41 | 36.76 | 36.46 | 40.25 | 43.28 | 40.00 | 42.32 | 43.17 |


## Exposition par devise (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
|  | USD | SEK | NOK | EUR | CAD | CHF | Autres |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille | 101.53 | 0.12 | - | -0.03 | -0.04 | -0.15 | -1.43 |  |
| Actions 10 principaux titres |  |  |  |  |
| Action | Pondération (%) | Secteur | Géographie |  |
| Prologis Inc | 4.99 | Immobilier | Etats-Unis |  |
| AvalonBay Communities Inc | 2.87 | Immobilier | Etats-Unis |  |
| American Homes 4 Rent | 2.47 | Immobilier | Etats-Unis |  |
| Goodman Group | 2.41 | Immobilier | Australie |  |
| Equinix Inc | 2.36 | Immobilier | Etats-Unis |  |
| Capitaland Investment Ltd | 2.29 | Immobilier | Singapour |  |
| Mitsui Fudosan Co Ltd | 2.04 | Immobilier | Japon |  |
| Alexandria Real Estate Equi... | 2.03 | Immobilier | Etats-Unis |  |
| Link REIT | 1.97 | Immobilier | Hong-Kong |  |
| Extra Space Storage Inc | 1.85 | Immobilier | Etats-Unis |  |
| Total (%) | 25.27 |  |  |  |
| Exposition sectorielle (%) |  |  |  |  |
|  |  |  |  | Portefeuille |
| Immobilier |  |  |  | 100.00 |

-20
| Obligations |  |
| --- | --- |
| 10 principaux titres |
| Libellé | Pondération (%) | Pays émetteur | Mod. Duration | Contribution |
| EURO-BUND FUTURE DEC22 Counter Expo | 6.91 | Allemagne | 0.0 | 0.00 |
| US 10YR ULTRA FUT DEC22 C Expo | 2.84 | Etats-Unis | 0.0 | 0.00 |
| US 10YR NOTE (CBT)DEC22 Counter Expo | 2.82 | Etats-Unis | 0.0 | 0.00 |
| Sun Hung Kai Properties 2.875% 01/21/2030 | 1.48 | Hong-Kong | 6.4 | 0.09 |
| Fonciere des Murs SCA 1% 07/27/2029 | 0.99 | France | 6.0 | 0.06 |
| UDR Inc 4.4% 01/26/2029 | 0.97 | Etats-Unis | 5.2 | 0.05 |
| Segro Capital Sarl 0.5% 09/22/2031 | 0.97 | Royaume-Uni | 8.1 | 0.08 |
| Inmobiliaria Colonial SA 0.75% 06/22/2029 | 0.95 | Espagne | 6.0 | 0.06 |
| Sagax AB 2.25% 03/13/2025 | 0.94 | Suède | 2.0 | 0.02 |
| Scentre Group Trust 1 / Trust 2 3.625% 01/28/2026 | 0.94 | Australie | 3.0 | 0.03 |
| Total (%) | 19.82 |  |  |  |
| Exposition par maturité (%) |  |  |  |  |

35
30
25
20
15
10
5
0	0 à 1 an	1 - 3 ans	3 - 5 ans	5 - 7 ans	7 - 10 ans	10 - 15 ans
Portefeuille	4.06	7.70	32.60	26.06	29.31	0.25