# Top 5 positions
## In % of total economic exposure

## in %

## FRANCE (REPUBLIC OF)	7.46

## EUROPEAN INVESTMENT BANK	5.38
| KFW | 4.77 |
| --- | --- |
| SOCIETE DU GRAND PARIS | 3.13 |
| GERMANY (FEDERAL REPUBLIC OF) | 3.04 |


## FRANCE (REPUBLIC OF)	6.01%

## NETHERLANDS (KINGDOM OF)	1.98%

## BELGIUM (KINGDOM OF)	1.84%

## FRANCE (REPUBLIC OF)	1.43%

## BUONI POLIENNALI DEL TES	1.42%
| Top 10 positions - ESG Characteristics |  |
| --- | --- |
| Instrument Name | Weight | GICS sector |  | ESG rating | Controversy flag |
| FRANCE (REPUBLIC OF) | 6.01% | Sovereigns |  | A | n/a |
| NETHERLANDS (KINGDOM OF) | 1.98% | Sovereigns |  | AA | n/a |
| BELGIUM (KINGDOM OF) | 1.84% | Sovereigns |  | A | n/a |
| FRANCE (REPUBLIC OF) | 1.43% | Sovereigns |  | A | n/a |
| BUONI POLIENNALI DEL TES | 1.42% | Sovereigns |  | BBB | n/a |
| IRELAND (REPUBLIC OF) | 1.19% | Sovereigns |  | A | n/a |
| GERMANY (FEDERAL REPUBLIC OF) | 1.12% | Sovereigns |  | AA | n/a |
| GERMANY (FEDERAL REPUBLIC OF) | 1.01% | Sovereigns |  | AA | n/a |
| KFW | 1.00% | Agency |  | AAA | Green |
| BUNDESOBLIGATION | 0.90% | Sovereigns |  | AA | n/a |
|  |  |  |  |  |  |
| ESG overview |  |  |  |  | Score/Rating |
|  |  |  | Portfolio |  | Benchmark |
| Overall ESG Rating |  |  | A |  | A |
| Overall ESG Score |  |  | 6.88 |  | 6.91 |
| Environment |  |  | 6.35 |  | 6.33 |
| Social |  |  | 6.07 |  | 6.07 |
| Governance |  |  | 6.15 |  | 6.15 |
| Weighted Average Carbon Intensity (Tons of CO2e/$M sales) |  |  | 389.61 |  | 391.66 |
| MSCI coverage (in %) |  |  | 94.99 |  | 94.99 |
|  |  |  |  |  |  |
| Asset breakdown - by ESG rating |  |  |  |  |  |
| In % of total economic exposure |  |  |  |  |  |

Benchmark 

## Portfolio	Benchmark	Relative	
Portfolio 
| AAA | 21.37 | 21.91 | -0.53 |  |
| --- | --- | --- | --- | --- |
| AA | 24.60 | 24.63 | -0.03 |  |
| A | 25.77 | 26.18 | -0.42 |  |
| BBB | 12.40 | 12.26 | 0.14 |  |
| BB | 7.54 | 7.82 | -0.27 |  |
| B | 3.05 | 2.84 | 0.21 |  |
| CCC | 0.25 | 0.10 | 0.15 |  |
| Others | 5.01 | 4.26 | 0.75 |  |

Translation (ENFR, 2021-07-31):
# Top 5 positions
## en % de l’exposition économique totale

## en %

## FRANCE (REPUBLIC OF)	7.46

## EUROPEAN INVESTMENT BANK	5.38
| KFW | 4.77 |
| --- | --- |
| SOCIETE DU GRAND PARIS | 3.13 |
| GERMANY (FEDERAL REPUBLIC OF) | 3.04 |


## FRANCE (REPUBLIC OF)	6.01%

## NETHERLANDS (KINGDOM OF)	1.98%

## BELGIUM (KINGDOM OF)	1.84%

## FRANCE (REPUBLIC OF)	1.43%

## BUONI POLIENNALI DEL TES	1.42%
| 10 premières positions - Caractéristiques ESG |  |
| --- | --- |
| Nom de l’instrument | Pondération | Secteur GICS |  | Notation ESG | Indice de controverse |
| FRANCE (REPUBLIC OF) | 6.01% | Sovereigns |  | A | n.a. |
| NETHERLANDS (KINGDOM OF) | 1.98% | Sovereigns |  | AA | n.a. |
| BELGIUM (KINGDOM OF) | 1.84% | Sovereigns |  | A | n.a. |
| FRANCE (REPUBLIC OF) | 1.43% | Sovereigns |  | A | n.a. |
| BUONI POLIENNALI DEL TES | 1.42% | Sovereigns |  | BBB | n.a. |
| IRELAND (REPUBLIC OF) | 1.19% | Sovereigns |  | A | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 1.12% | Sovereigns |  | AA | n.a. |
| GERMANY (FEDERAL REPUBLIC OF) | 1.01% | Sovereigns |  | AA | n.a. |
| KFW | 1.00% | Agency |  | AAA | Green |
| BUNDESOBLIGATION | 0.90% | Sovereigns |  | AA | n.a. |
|  |  |  |  |  |  |
| Vue d’ensemble des critères ESG |  |  |  |  | Score |
|  |  |  | Portefeuille |  | Indice de référence |
| Overall ESG Rating |  |  | A |  | A |
| Overall ESG Score |  |  | 6.88 |  | 6.91 |
| Environnement |  |  | 6.35 |  | 6.33 |
| Social |  |  | 6.07 |  | 6.07 |
| Gouvernance |  |  | 6.15 |  | 6.15 |
| Moyenne pondérée intensité carbone (tonnes d’ém. CO2 / mio.$ de C.A.) |  |  | 389.61 |  | 391.66 |
| MSCI coverage (in %) |  |  | 94.99 |  | 94.99 |
|  |  |  |  |  |  |
| Répartition des actifs - par rating ESG |  |  |  |  |  |
| en % de l’exposition économique totale |  |  |  |  |  |


## Relatif

## Portefeuille		Indice de référence
Portefeuille 
Indice de référence 
| AAA | 21.37 | 21.91 | -0.53 |  |
| --- | --- | --- | --- | --- |
| AA | 24.60 | 24.63 | -0.03 |  |
| A | 25.77 | 26.18 | -0.42 |  |
| BBB | 12.40 | 12.26 | 0.14 |  |
| BB | 7.54 | 7.82 | -0.27 |  |
| B | 3.05 | 2.84 | 0.21 |  |
| CCC | 0.25 | 0.10 | 0.15 |  |
| Autres | 5.01 | 4.26 | 0.75 |  |