# Returns
## Performance evolution (rebased to 100) from 18/04/2019 to 30/06/2021*
110
105
Risk & Reward Profile (SRRI)	
Lower risk, potentially lower rewards
100
95
04/19
05/19
06/19
07/19
08/19
09/19
90

## Cumulative Returns *
Calendar year performance *
10/19
11/19
12/19
01/20
02/20
03/20
04/20
05/20
06/20
07/20
08/20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21

### Portfolio
Higher risk, potentially higher rewards

### The SRRI represents the risk and return profile as presented in the Key Investor Information Document (KIID). The lowest category does not imply that there is

### The risk level of this Sub-Fund reflects the risk of its allocation, which is mainly exposed to the bond market.

## Additional Risks

### Important risks materially relevant to the Sub-Fund which are not adequately captured by the indicator:

### Credit risk: represents the risks associated with an issuer’s sudden downgrading of its signature’s quality or its default.
|  | YTD | 1 month | 3 months | 1 year | 3 years | 5 years | Since |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Since | 31/12/2020 | 31/05/2021 | 31/03/2021 | 30/06/2020 | - | - | 18/04/2019 |
| Portfolio | 2.43% | 1.16% | 0.71% | 7.75% | - | - | 8.78% |

Liquidity risk: in case of low trading volume on financial markets, any buy or sell trade on these markets may lead to important market variations/fluctuations that may impact your portfolio valuation.

### Counterparty risk: represents the risk of default of a market participant to fulfil its contractual obligations vis-à- vis your portfolio.
| 2020 | 2019 | 2018 | 2017 | 2016 |
| --- | --- | --- | --- | --- |
| Portfolio	3.28% | - | - | - | - |


### Operational risk: this is the risk of default or error within the different service providers involved in managing and valuing your portfolio.

### Emerging Markets risk : Some of the countries invested in may carry higher political, legal, economic and liquidity risks than investments in more developed countries.

### The occurrence of any of these risks may have an impact on the net asset value of your portfolio.

### * Source : Amundi. The above results pertain to full 12-month period per calendar year. All performances are calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. Past performance is not a reliable indicator of future performance. The value of investments may vary upwards or downwards according to market conditions.
© 2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
| Performance analytics |  |  | Risk analysis (rolling) |  |
| --- | --- | --- | --- | --- |
| Maximum drawdown | -12.08% |  |  | 1 year | 3 years | 5 years |
| Recovery period (days) | 269 |  | Portfolio volatility | 4.53% | - | - |
| Worst month | 03/2020 |  | Sharpe ratio | 1.84 | - | - |
| Lowest return	-5.55%	Volatility is a statistical indicator that measures an asset’s variations around its average value. Best month	04/2020	For example, market variations of +/- 1.5% per day correspond to a volatility of 25% per year. Highest return	3.36% |

Translation (ENFR, 2021-06-30):
# Performances
## Evolution de la performance (base 100) *
110

## Indicateur(s) glissant(s)

### 1 an	3 ans  5 ans
105
100
95
04/19
05/19
06/19
07/19
08/19
09/19
10/19
11/19
12/19
01/20
02/20
03/20
04/20
05/20
06/20
07/20
08/20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21
90

### Volatilité du portefeuille	4,53%	-	-
La volatilité est un indicateur statistique qui mesure l’amplitude des variations d’un actif autour de sa moyenne. Exemple : des variations de +/- 1,5% par jour sur les marchés correspondent à une volatilité de 25% par an.

## Indicateurs

### Portefeuille	Indice

### Sensibilité	3,87	5,28

### Nombre de lignes	2977734

### La sensibilité (en points) représente le changement en pourcentage du prix pour une évolution de 1% du taux de référence

# glissantes *

### Portefeuille (108,78)

## Principales lignes en portefeuille
|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Depuis le | 1 mois | 3 mois | 1 an | 3 ans | 5 ans | Depuis le |  | BTPS 0.95% 08/30 | 1,46% |
| Depuis le | 31/12/2020 | 31/05/2021 | 31/03/2021 | 30/06/2020 | - | - | 18/04/2019 |  | BTPS 1.85% 5/24 | 1,38% |


### Portefeuille *

### Portefeuille	2,43%	1,16%	0,71%	7,75%	-	-	8,78%
| BTPS 1.45% 05/25 | 1,37% |
| --- | --- |
| BTPS 3% 08/29 | 1,25% |
| BTPS 2% 02/28 | 1,16% |
| MICROSOFT CORP | 1,05% |
| DBR % 08/30 G | 1,04% |
| BTPS 0.85% 01/27 | 1,02% |
| BTPS 0.5% 02/26 | 1,02% |
| BTPS 1.6% 06/2026 | 0,96% |

| Performances calendaires (1) * |  |
| --- | --- |
|  | 2020 | 2019 | 2018 | 2017 | 2016 |
| Portefeuille | 3,28% | - | - | - | - |


### * Les principales lignes en portefeuille sont présentées hors monétaire
* Les performances sont calculées dans la devise de référence, sur des données historiques. Les performances affichées sont nettes de frais de gestion. (1) Les performances calendaires couvrent des périodes complètes de 12 mois pour chaque année civile. Les performances ne sont pas constantes dans le temps et ne préjugent pas des performances et des rendements futurs. La valeur des investissements peut varier à la hausse ou à la baisse selon l'évolution des marchés.