# Portfolio Breakdown
## Sector breakdown *	Geographical breakdown *
Industrials
Consumer discretionary
Financials
Consumer staples
Information Technology
Health care
Utilities
Materials
Energy
Communication Services
Real estate
Others and cash
0.04 %
9.90 %
9.66 %
7.62 %
7.17 %
5.87 %
4.35 %
4.14 %
27.42 %
23.83 %
France
United States
Netherlands
Other countries
Others and cash
0 %	5 %	10 %	15 %	20 %	25 % 30 %

### Portfolio Benchmark

### * Excluding derivatives instruments.

## Top ten issuers (% assets)

### Portfolio
0 %	20 %	40 %	60 %	80 %	100 %

### Portfolio Benchmark

### * Excluding derivatives instruments.

## Sub-Fund Statistics

### Total portfolio holdings36
| LVMH-MOET HENNESSY LOUIS VUITT |  |  | 9.11% |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
| SANOFI |  |  | 7.17% |  |  |
| L OREAL SA |  |  | 6.43% |  |  |
| SCHNEIDER ELECTRIC SE |  |  | 6.03% |  |  |
| BNP PARIBAS SA |  |  | 5.60% |  |  |
| KERING SA |  |  | 4.78% |  |  |
| SAFRAN SA |  |  | 4.45% |  |  |
| VINCI SA |  |  | 4.01% |  |  |
| STELLANTIS NV |  |  | 3.48% |  |  |
| CIE DE SAINT-GOBAIN |  |  | 3.40% |  |  |
| Total |  |  | 54.46% |  |  |
| Main overweights (% assets) |  |  |  |  | Main underweights (% assets) |
|  | Portfolio | Benchmark | Spread (P - B) |  |  | Portfolio | Benchmark | Spread (P - B) |
| WORLDLINE SA/FRANCE | 3.19% | 0.60% | 2.59% |  | TOTALENERGIES SE | 3.03% | 5.79% | -2.76% |
| SAFRAN SA | 4.45% | 1.88% | 2.57% |  | AIR LIQUIDE SA | 1.21% | 3.74% | -2.53% |
| BNP PARIBAS SA | 5.60% | 3.51% | 2.09% |  | HERMES INTERNATIONAL | - | 2.50% | -2.50% |
| KERING SA | 4.78% | 2.73% | 2.05% |  | AXA SA | 0.79% | 2.78% | -1.99% |
| SANOFI | 7.17% | 5.21% | 1.96% |  | DASSAULT SYSTEMES SE | - | 1.80% | -1.80% |
| CIE DE SAINT-GOBAIN | 3.40% | 1.53% | 1.88% |  | ESSILORLUXOTTICA SA | 1.28% | 2.98% | -1.71% |
| VEOLIA ENVIRONNEMENT SA | 2.88% | 1.08% | 1.79% |  | PERNOD RICARD SA | 0.81% | 2.28% | -1.48% |
| ENGIE SA | 2.99% | 1.23% | 1.76% |  | STMICROELECTRONICS NV | - | 1.43% | -1.43% |
| STELLANTIS NV | 3.48% | 1.75% | 1.73% |  | LEGRAND SA | - | 1.41% | -1.41% |
| ACCOR SA | 1.92% | 0.27% | 1.65% |  | LVMH-MOET HENNESSY LOUIS VUITT | 9.11% | 10.42% | -1.31% |
| Total | 39.85% | 19.78% | 20.08% |  | Total | 16.22% | 35.15% | -18.93% |

Translation (ENFR, 2021-12-31):
# Composition du portefeuille
## Répartition sectorielle *	Répartition géographique *
Industrie
Conso cyclique
Finance
Conso non cyclique
Technologies de l'info.
Santé
Services publics
Matériaux
Énergie
Services de communication
Immobilier
Autres et liquidités
%
France
Etats-Unis
Pays-Bas
Autres pays
Autres et liquidités
| 0 %	5 % | 10 % | 15 % | 20 % | 25 % | 30 % | 0 % | 20 % | 40 % |  | 60 % | 80 % | 100 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille |  | Indice |  |  |  |  | Portefeuille |  | Indice |  |  |  |
| * Hors prise en compte des produits dérivés. |  |  | * Hors prise en compte des produits dérivés. |  |
| Principaux émetteurs en portefeuille (% d'actifs) |  |  | Indicateurs |  |
|  | Portefeuille |  | Nombre de lignes en portefeuille | 36 |
| LVMH-MOET HENNESSY LOUIS VUITT | 9,11% |  |  |  |
| SANOFI | 7,17% |  |  |  |
| L OREAL SA | 6,43% |  |  |  |
| SCHNEIDER ELECTRIC SE | 6,03% |  |  |  |
| BNP PARIBAS SA | 5,60% |  |  |  |
| KERING SA | 4,78% |  |  |  |
| SAFRAN SA | 4,45% |  |  |  |
| VINCI SA | 4,01% |  |  |  |
| STELLANTIS NV | 3,48% |  |  |  |
| CIE DE SAINT-GOBAIN | 3,40% |  |  |  |
| Total | 54,46% |  |  |  |

| Principales surpondérations (% d'actif) |  |  |  |  | Principales sous-pondérations (% d'actif) |  |
| --- | --- | --- | --- | --- | --- | --- |
|  | Portefeuille | Indice | Ecart (P - I) |  |  | Portefeuille | Indice | Ecart (P - I) |
| WORLDLINE SA/FRANCE | 3,19% | 0,60% | 2,59% |  | TOTALENERGIES SE | 3,03% | 5,79% | -2,76% |
| SAFRAN SA | 4,45% | 1,88% | 2,57% |  | AIR LIQUIDE SA | 1,21% | 3,74% | -2,53% |
| BNP PARIBAS SA | 5,60% | 3,51% | 2,09% |  | HERMES INTERNATIONAL | - | 2,50% | -2,50% |
| KERING SA | 4,78% | 2,73% | 2,05% |  | AXA SA | 0,79% | 2,78% | -1,99% |
| SANOFI | 7,17% | 5,21% | 1,96% |  | DASSAULT SYSTEMES SE | - | 1,80% | -1,80% |
| CIE DE SAINT-GOBAIN | 3,40% | 1,53% | 1,88% |  | ESSILORLUXOTTICA SA | 1,28% | 2,98% | -1,71% |
| VEOLIA ENVIRONNEMENT SA | 2,88% | 1,08% | 1,79% |  | PERNOD RICARD SA | 0,81% | 2,28% | -1,48% |
| ENGIE SA | 2,99% | 1,23% | 1,76% |  | STMICROELECTRONICS NV | - | 1,43% | -1,43% |
| STELLANTIS NV | 3,48% | 1,75% | 1,73% |  | LEGRAND SA | - | 1,41% | -1,41% |
| ACCOR SA | 1,92% | 0,27% | 1,65% |  | LVMH-MOET HENNESSY LOUIS VUITT | 9,11% | 10,42% | -1,31% |
| Total | 39,85% | 19,78% | 20,08% |  | Total | 16,22% | 35,15% | -18,93% |