# COMPOSITION OF THE ASSETS
| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities admitted to an official | 1,700,000 1,000,000 2,400,000 500,000 1,200,000 2,500,000 1,000,000 100,000 2,000,000 1,500,000 500,000 1,000,000 1,000,000 1,500,000 600,000 1,000,000 1,500,000 2,100,000 1,000,000 2,000,000 2,100,000 1,000,000 1,500,000 1,800,000 | EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR | 106.40 103.31 100.52 101.73 108.04 103.13 112.36 103.79 100.75 100.10 102.22 100.58 100.61 102.68 105.54 102.19 103.59 101.73 102.59 104.88 102.08 102.88 105.89 100.94 |  |  |  |  |
| stock exchange listing |  |  |  |
| Bonds and other debt securities |  |  |  |
| Public Sector Bond |  |  |  |
| France |  |  |  |
| EDF 2,75 12-23 | 1,808,817.00 | 0.91% | 0.91% |
| Total - Public Sector Bond | 1,808,817.00 1,808,817.00 |  | 0.91% 0.91% | 0.91% 0.91% |
| Private corporation |  |  |  |
| Austria |  |  |  |
| IMMOFIN 2,625 19-23 | 1,033,075.00 | 0.52% | 0.52% |
| OMV AG 0,00 20-23 | 2,412,408.00 | 1.22% | 1.21% |
| Australia | 3,445,483.00 |  | 1.74% | 1.73% |
| TOYOTA 0,50 18-23 | 508,645.00 | 0.26% | 0.26% |
| Belgium | 508,645.00 |  | 0.26% | 0.26% |
| EANDIS 2,875 13-23 | 1,296,516.00 | 0.65% | 0.65% |
| SOLVAY 1,625 15-22 | 2,578,162.50 | 1.30% | 1.29% |
| UCB SA 5,125 13-23 | 1,123,605.00 | 0.57% | 0.56% |
| Germany (Federal Republic) | 4,998,283.50 |  | 2.52% | 2.51% |
| ALSTRIA 2,125 16-23 | 103,789.00 | 0.05% | 0.05% |
| BASF 0,101 20-23 | 2,014,910.00 | 1.02% | 1.01% |
| CONTINENT 0,00 19-23 | 1,501,462.50 | 0.76% | 0.75% |
| INFINEON 0,75 20-23 | 511,122.50 | 0.26% | 0.26% |
| MERCK 0,005 19-23 | 1,005,780.00 | 0.51% | 0.50% |
| SAP SE 0,00 20-23 | 1,006,085.00 | 0.51% | 0.50% |
| SAP SE 1,125 14-23 | 1,540,147.50 | 0.78% | 0.77% |
| VOLKSWG 2,50 20-23 | 633,264.00 | 0.32% | 0.32% |
| VW BK 1,25 19-22 | 1,021,935.00 | 0.52% | 0.51% |
| VW FIN 1,375 18-23 | 1,553,880.00 | 0.78% | 0.78% |
| Denmark | 10,892,375.50 |  | 5.50% | 5.46% |
| CARLSB 0,50 17-23 | 2,136,340.50 | 1.08% | 1.07% |
| Spain | 2,136,340.50 |  | 1.08% | 1.07% |
| BCO SAB 1,75 20-23 | 1,025,920.00 | 0.52% | 0.51% |
| CAIXABANK 1,75 18-23 | 2,097,690.00 | 1.06% | 1.05% |
| FCC 0,815 19-23 | 2,143,711.50 | 1.08% | 1.07% |
| Finland | 5,267,321.50 |  | 2.66% | 2.64% |
| CHR FIN 0,875 20-23 | 1,028,780.00 | 0.52% | 0.52% |
| France | 1,028,780.00 |  | 0.52% | 0.52% |
| ACCOR 2,375 15-23 | 1,588,365.00 | 0.80% | 0.80% |
| ALD 0,375 19-23 | 1,816,893.00 | 0.92% | 0.91% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ALD SA 0,375 20-23 | 300,000 | EUR | 100.91 | 302,739.00 |  | 0.15% | 0.15% |
| ARGAN 3,25 17-23 | 500,000 | EUR | 96.28 | 481,400.00 | 0.24% | 0.24% |
| BNP PB 1,125 17-23 | 3,000,000 | EUR | 103.57 | 3,107,100.00 | 1.57% | 1.56% |
| CAP GEM 2,50 15-23 | 2,500,000 | EUR | 106.06 | 2,651,562.50 | 1.34% | 1.33% |
| ESSILOR 0,00 19-23 | 1,500,000 | EUR | 100.44 | 1,506,652.50 | 0.76% | 0.76% |
| KERING 0,25 20-23 | 1,500,000 | EUR | 101.05 | 1,515,675.00 | 0.77% | 0.76% |
| LVMH 0,125 19-23 | 1,500,000 | EUR | 100.85 | 1,512,720.00 | 0.76% | 0.76% |
| PERNOD 0,00 19-23 | 1,600,000 | EUR | 100.41 | 1,606,552.00 | 0.81% | 0.81% |
| RCI 0,75 19-23 | 2,000,000 | EUR | 101.23 | 2,024,670.00 | 1.02% | 1.02% |
| SCHNEIDER 0,00 20-23 | 1,800,000 | EUR | 100.67 | 1,812,015.00 | 0.92% | 0.91% |
| SOCGEN 4,00 13-23 | 2,000,000 | EUR | 109.19 | 2,183,770.00 | 1.10% | 1.10% |
| WORLDINE 0,50 20-23 | 3,000,000 | EUR | 101.58 | 3,047,520.00 | 1.54% | 1.53% |
| United Kingdom BARCLAYS 1,875 16-23 | 2,500,000 | EUR | 105.49 | 25,157,634.00 2,637,262.50 |  | 12.71% 1.33% | 12.62% 1.32% |
| DIAGEO 0,125 19-23 | 1,000,000 | EUR | 100.91 | 1,009,095.00 | 0.51% | 0.51% |
| LLOYDS 0,25 19-22 | 1,500,000 | EUR | 100.70 | 1,510,530.00 | 0.76% | 0.76% |
| LLOYDS BK 1,00 16-23 | 2,500,000 | EUR | 103.20 | 2,580,100.00 | 1.30% | 1.29% |
| NATWEST 1,125 18-23 | 2,000,000 | EUR | 103.02 | 2,060,360.00 | 1.04% | 1.03% |
| UBS AG 0,75 20-23 | 2,000,000 | EUR | 102.26 | 2,045,270.00 | 1.03% | 1.03% |
| VODAFONE 1,75 16-23 | 1,500,000 | EUR | 105.11 | 1,576,672.50 | 0.80% | 0.79% |
| Ireland ABBOT 0,875 18-23 | 2,500,000 | EUR | 103.07 | 13,419,290.00 2,576,787.50 |  | 6.78% 1.30% | 6.73% 1.29% |
| CRH FIN 3,125 13-23 | 2,000,000 | EUR | 107.51 | 2,150,280.00 | 1.09% | 1.08% |
| FCA BANK 0,50 20-23 | 700,000 | EUR | 101.01 | 707,063.00 | 0.36% | 0.35% |
| Italy BUZZI 2,125 16-23 | 1,800,000 | EUR | 104.82 | 5,434,130.50 1,886,841.00 |  | 2.74% 0.95% | 2.72% 0.95% |
| FCA BK 0,625 19-22 | 1,500,000 | EUR | 101.14 | 1,517,032.50 | 0.77% | 0.76% |
| INTESA 4,00 13-23 | 3,500,000 | EUR | 111.34 | 3,896,795.00 | 1.97% | 1.95% |
| MEDIOBCA 0,625 17-22 | 2,000,000 | EUR | 101.40 | 2,028,000.00 | 1.02% | 1.02% |
| UBI 0,75 17-22 | 2,800,000 | EUR | 101.58 | 2,844,254.00 | 1.44% | 1.43% |
| UNICREDIT 1,00 18-23 | 2,000,000 | EUR | 101.99 | 2,039,880.00 | 1.03% | 1.02% |
| Jersey SWISS RE 1,375 16-23 | 1,000,000 | EUR | 103.73 | 14,212,802.50 1,037,275.00 |  | 7.18% 0.52% | 7.13% 0.52% |
| WPP FIN 3,00 13-23 | 1,200,000 | EUR | 109.12 | 1,309,440.00 | 0.66% | 0.66% |
| Japan NISSAN MT 1,94 20-23 | 1,000,000 | EUR | 104.31 | 2,346,715.00 1,043,120.00 |  | 1.19% 0.53% | 1.18% 0.52% |
| SUMITOMO 0,819 18-23 | 1,500,000 | EUR | 102.59 | 1,538,812.50 | 0.78% | 0.77% |
| TAKEDA 1,125 18-22 | 2,000,000 | EUR | 102.36 | 2,047,150.00 | 1.03% | 1.03% |
| Cayman CK HUTCH 1,25 16-23 | 1,700,000 | EUR | 102.73 | 4,629,082.50 1,746,427.00 |  | 2.34% 0.88% | 2.32% 0.88% |
| Luxembourg (Grand Duchy) BECTON 0,632 19-23 | 1,800,000 | EUR | 101.48 | 1,746,427.00 1,826,712.00 |  | 0.88% 0.92% | 0.88% 0.92% |
| BLACKSTO 1,40 18-22 | 1,000,000 | EUR | 101.63 | 1,016,325.00 | 0.51% | 0.51% |
| BLACKSTONE 0,5 19-23 | 1,400,000 | EUR | 101.06 | 1,414,784.00 | 0.71% | 0.71% |
| GLENCORE 1,875 16-23 | 2,000,000 | EUR | 104.54 | 2,090,770.00 | 1.06% | 1.05% |
| HEIDELBERG 0,5 18-22 | 2,000,000 | EUR | 100.78 | 2,015,600.00 | 1.02% | 1.01% |
| HOLCIM 1,375 16-23 | 151,000 | EUR | 103.58 | 156,405.05 | 0.08% | 0.08% |
| MEDTRON 0,375 19-23 | 700,000 | EUR | 101.27 | 708,872.50 | 0.36% | 0.36% |
| MEDTRONIC 0,00 19-22 | 1,000,000 | EUR | 100.47 | 1,004,750.00 | 0.51% | 0.50% |
| MEDTRONIC 0,00 20-23 | 1,500,000 | EUR | 100.49 | 1,507,282.50 | 0.76% | 0.76% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| TYCO 1,1 15-23 | 1,000,000 | EUR | 102.82 | 1,028,175.00 |  | 0.52% | 0.52% |
| Mexico AMER MOV 3,259 13-23 | 2,000,000 | EUR | 108.44 | 12,769,676.05 2,168,770.00 |  | 6.45% 1.10% | 6.40% 1.09% |
| Netherlands ASML 3,375 13-23 | 2,300,000 | EUR | 109.92 | 2,168,770.00 2,528,217.50 |  | 1.10% 1.28% | 1.09% 1.27% |
| BMW FIN 0,625 19-23 | 1,500,000 | EUR | 102.20 | 1,533,000.00 | 0.77% | 0.77% |
| CONTI-GM 2,125 20-23 | 2,000,000 | EUR | 105.80 | 2,115,930.00 | 1.07% | 1.06% |
| CTP BV 0,625 20-23 | 500,000 | EUR | 100.84 | 504,217.50 | 0.25% | 0.25% |
| EDP 2,375 16-23 | 2,100,000 | EUR | 105.70 | 2,219,773.50 | 1.12% | 1.11% |
| ENEL 5,25 03-23 | 2,000,000 | EUR | 114.91 | 2,298,210.00 | 1.16% | 1.15% |
| IBERDROLA 1,75 15-23 | 1,200,000 | EUR | 105.36 | 1,264,296.00 | 0.64% | 0.63% |
| LEASEPLA 0,125 19-23 | 1,500,000 | EUR | 100.29 | 1,504,305.00 | 0.76% | 0.75% |
| LEASEPLAN 1,00 18-23 | 1,800,000 | EUR | 102.37 | 1,842,687.00 | 0.93% | 0.92% |
| NE PROP FRN 19-23 | 1,000,000 | EUR | 104.16 | 1,041,620.00 | 0.53% | 0.52% |
| NN BANK 0,375 19-23 | 1,000,000 | EUR | 101.45 | 1,014,530.00 | 0.51% | 0.51% |
| PHILIPS 0,50 17-23 | 2,000,000 | EUR | 101.80 | 2,035,980.00 | 1.03% | 1.02% |
| RABO 3,875 13-23 | 2,500,000 | EUR | 110.04 | 2,750,937.50 | 1.39% | 1.38% |
| RABOBK 0,74 18-23 | 2,500,000 | EUR | 102.54 | 2,563,387.50 | 1.29% | 1.29% |
| VOLKSWAG 0,875 15-23 | 1,000,000 | EUR | 101.94 | 1,019,415.00 | 0.51% | 0.51% |
| VONOVIA 0,875 18-23 | 500,000 | EUR | 102.56 | 512,800.00 | 0.26% | 0.26% |
| VONOVIA 2,25 15-23 | 1,000,000 | EUR | 107.24 | 1,072,400.00 | 0.54% | 0.54% |
| Portugal BRISA CON 2,00 16-23 | 2,200,000 | EUR | 104.45 | 27,821,706.50 2,297,900.00 |  | 14.05% 1.16% | 13.95% 1.15% |
| Sweden CASTELLU 2,125 18-23 | 2,500,000 | EUR | 105.83 | 2,297,900.00 2,645,700.00 |  | 1.16% 1.34% | 1.15% 1.33% |
| SCANIA 0,50 20-23 | 600,000 | EUR | 101.22 | 607,320.00 | 0.31% | 0.30% |
| SCANIA CV 0,00 20-22 | 1,500,000 | EUR | 100.09 | 1,501,365.00 | 0.76% | 0.75% |
| VOLVO 0,00 20-23 | 1,000,000 | EUR | 100.25 | 1,002,470.00 | 0.51% | 0.50% |
| United States of America AME HONDA 0,35 19-22 | 2,500,000 | EUR | 100.97 | 5,756,855.00 2,524,237.50 |  | 2.91% 1.27% | 2.89% 1.27% |
| AT T 1,05 18-23 | 2,600,000 | EUR | 103.04 | 2,679,144.00 | 1.35% | 1.34% |
| AT T INC 1,95 19-23 | 1,000,000 | EUR | 105.22 | 1,052,190.00 | 0.53% | 0.53% |
| ATT INC 2,50 13-23 | 1,100,000 | EUR | 105.28 | 1,158,036.00 | 0.58% | 0.58% |
| BECTON 1,401 18-23 | 1,500,000 | EUR | 103.24 | 1,548,637.50 | 0.78% | 0.78% |
| BERKSHIRE 0,75 15-23 | 2,600,000 | EUR | 102.03 | 2,652,832.00 | 1.34% | 1.33% |
| BOA 1,625 15-22 | 1,000,000 | EUR | 103.24 | 1,032,370.00 | 0.52% | 0.52% |
| BOOKING 2,15 15-22 | 2,500,000 | EUR | 103.77 | 2,594,275.00 | 1.31% | 1.30% |
| CITIGROUP 0,75 16-23 | 2,800,000 | EUR | 102.50 | 2,870,014.00 | 1.45% | 1.44% |
| COCA COL 0,75 15-23 | 1,100,000 | EUR | 101.92 | 1,121,065.00 | 0.57% | 0.56% |
| FEDEX 0,70 19-22 | 1,000,000 | EUR | 101.19 | 1,011,885.00 | 0.51% | 0.51% |
| FEDEX 1,00 16-23 | 1,700,000 | EUR | 102.12 | 1,735,989.00 | 0.88% | 0.87% |
| FIDELITY 0,125 19-22 | 1,200,000 | EUR | 100.56 | 1,206,666.00 | 0.61% | 0.61% |
| FIDELITY 0,75 19-23 | 2,300,000 | EUR | 102.06 | 2,347,449.00 | 1.19% | 1.18% |
| FISERV 0,375 19-23 | 600,000 | EUR | 101.31 | 607,830.00 | 0.31% | 0.30% |
| FORD 1,514 19-23 | 1,000,000 | EUR | 100.06 | 1,000,565.00 | 0.51% | 0.50% |
| GE 1,25 15-23 | 1,500,000 | EUR | 102.93 | 1,543,882.50 | 0.78% | 0.77% |
| GENERAL 0,955 16-23 | 2,300,000 | EUR | 102.05 | 2,347,242.00 | 1.19% | 1.18% |
| GOLDMAN S 3,25 13-23 | 1,600,000 | EUR | 107.20 | 1,715,280.00 | 0.87% | 0.86% |
| HJ HEINZ 2,00 15-23 | 1,500,000 | EUR | 103.59 | 1,553,910.00 | 0.78% | 0.78% |
| IBM 1,25 14-23 | 1,500,000 | EUR | 103.62 | 1,554,262.50 | 0.78% | 0.78% |
| ILLINOIS 1,25 15-23 | 2,200,000 | EUR | 103.29 | 2,272,380.00 | 1.15% | 1.14% |
| JP MORGAN 2,75 13-23 | 3,500,000 | EUR | 106.33 | 3,721,375.00 | 1.88% | 1.87% |
| MC DONAL 1,00 16-23 | 1,000,000 | EUR | 103.48 | 1,034,775.00 | 0.52% | 0.52% |
| MONDELEZ 1,625 16-23 | 1,500,000 | EUR | 103.51 | 1,552,650.00 | 0.78% | 0.78% |
| MORGAN S 1,875 14-23 | 2,500,000 | EUR | 104.65 | 2,616,237.50 | 1.32% | 1.31% |
| THERMO 2,15 15-22 | 2,000,000 | EUR | 103.10 | 2,062,090.00 | 1.04% | 1.03% |

| Description | Quantity at 31 December 2020 | Currency | Price in currency | Evaluation EUR | % by the UCI | % portfolio | % net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| TIME WAR 1,95 15-23 | 1,000,000 | EUR | 104.00 | 1,040,005.00 |  | 0.53% | 0.52% |
|  |  |  |  | 50,157,274.50 |  | 25.33% | 25.15% |
| Total - Private corporation |  |  |  | 196,195,492.55 | 99.09% | 98.38% |
| Total - Bonds and other debt securities |  |  |  | 198,004,309.55 | 100.00% | 99.29% |
| Total - Transferable securities admitted to an |  |  |  | 198,004,309.55 | 100.00% | 99.29% |
| official stock exchange listing |  |  |  |  |  |  |
| Total - portfolio |  |  |  | 198,004,309.55 | 100.00% | 99.29% |
| Collatéral |  |  |  | 0.00 |  | 0.00% |
| Deposits and liquid assets |  |  |  | 0.00 |  | 0.00% |
| Other receivables and other payables |  |  |  | 202,475.75 |  | 0.10% |
| Others |  |  |  | 1,210,972.49 |  | 0.61% |
| Total net assets |  |  |  | 199,417,757.79 |  | 100,00% |

-

Translation (ENFR, 2020-12-31):
# COMPOSITION DES ACTIFS
| Dénomination | Quantité au 31 décembre 2020 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  |  |  |  |  |
| Obligations et autres titres de créances |  |  |  |  |  |  |
| Emis(es) par état |  |  |  |  |  |  |
| Autriche |  |  |  |  |  |  |
| AUSTRIA 0,75 18-28 | 1.500.000 | EUR | 109,65 | 1.644.705,00 | 0,82% | 0,80% |
| AUSTRIA 3,65 11-22 | 3.000.000 | EUR | 105,63 | 3.169.005,00 | 1,57% | 1,54% |
| Belgique |  |  |  | 4.813.710,00 |  | 2,39% | 2,33% |
| BELGIQUE 2,60 14-24 | 3.500.000 | EUR | 111,64 | 3.907.295,00 | 1,94% | 1,89% |
| Allemagne |  |  |  | 3.907.295,00 |  | 1,94% | 1,89% |
| GERMANY 0.10 12-23 | 3.000.000 | EUR | 102,90 | 3.340.904,16 | 1,66% | 1,62% |
| GERMANY 1,75 14-24 | 4.000.000 | EUR | 107,96 | 4.318.240,00 | 2,14% | 2,09% |
| Espagne |  |  |  | 7.659.144,16 |  | 3,80% | 3,71% |
| SPAIN 1,00 14-30 | 3.500.000 | EUR | 120,17 | 4.390.185,03 | 2,18% | 2,13% |
| SPAIN 1,40 18-28 | 1.000.000 | EUR | 112,11 | 1.121.085,00 | 0,56% | 0,54% |
| SPAIN 2,75 14-24 | 6.800.000 | EUR | 112,61 | 7.657.276,00 | 3,80% | 3,71% |
| SPAIN 4,40 13-23 | 6.200.000 | EUR | 114,16 | 7.077.796,00 | 3,51% | 3,43% |
| SPAIN 4,65 10-25 | 5.450.000 | EUR | 123,65 | 6.739.034,00 | 3,35% | 3,27% |
| SPAIN 5,75 01-32 | 2.300.000 | EUR | 164,47 | 3.782.902,00 | 1,88% | 1,83% |
| SPAIN KING 1,8 13-24 | 1.000.000 | EUR | 112,85 | 1.181.132,42 | 0,59% | 0,57% |
| Finlande |  |  |  | 31.949.410,45 |  | 15,86% | 15,49% |
| FINLAND 0,75 15-31 | 1.000.000 | EUR | 112,43 | 1.124.295,00 | 0,56% | 0,55% |
| FINLAND 4,00 09-25 | 100.000 | EUR | 121,71 | 121.708,50 | 0,06% | 0,06% |
| FINLANDE 2,75 12-28 | 2.200.000 | EUR | 125,65 | 2.764.212,00 | 1,37% | 1,34% |
| France |  |  |  | 4.010.215,50 |  | 1,99% | 1,94% |
| FRANCE 0,00 18-29 | 3.000.000 | EUR | 103,75 | 3.112.530,00 | 1,55% | 1,51% |
| FRANCE OAT 3,5 10-26 | 9.000.000 | EUR | 122,47 | 11.021.895,00 | 5,47% | 5,34% |
| Hongrie (République) |  |  |  | 14.134.425,00 |  | 7,02% | 6,85% |
| HUNGARY 0,50 20-30 | 1.000.000 | EUR | 99,41 | 994.090,00 | 0,49% | 0,48% |
| HUNGARY 1,25 18-25 | 6.900.000 | EUR | 105,71 | 7.293.817,50 | 3,62% | 3,54% |
| Irlande |  |  |  | 8.287.907,50 |  | 4,12% | 4,02% |
| IRELAND 1,10 19-29 | 1.000.000 | EUR | 112,94 | 1.129.430,00 | 0,56% | 0,55% |
| IRELAND 1,30 18-33 | 1.000.000 | EUR | 118,92 | 1.189.220,00 | 0,59% | 0,58% |
| IRISH 0,20 20-30 | 500.000 | EUR | 105,10 | 525.520,00 | 0,26% | 0,25% |
| IRISH TREA 1,0 16-26 | 3.000.000 | EUR | 108,69 | 3.260.685,00 | 1,62% | 1,58% |
| Italie |  |  |  | 6.104.855,00 |  | 3,03% | 2,96% |
| ITA BTP 5,25 98-29 | 2.550.000 | EUR | 142,25 | 3.627.413,25 | 1,80% | 1,76% |
| ITA BTP 9,00 93-23 | 7.175.000 | EUR | 126,64 | 9.086.168,88 | 4,51% | 4,40% |
| ITALY 0,40 16-24 | 1.000.000 | EUR | 101,86 | 1.014.963,16 | 0,50% | 0,49% |

| Dénomination | Quantité au 31 décembre 2020 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| ITALY 0,95 16-23 | 8.500.000 | EUR | 103,00 | 8.755.212,50 |  | 4,35% | 4,24% |
| ITALY 1,35 19-30 | 1.500.000 | EUR | 108,30 | 1.624.530,00 | 0,81% | 0,79% |
| ITALY 1,60 16-26 | 6.500.000 | EUR | 108,64 | 7.061.795,00 | 3,51% | 3,42% |
| ITALY 2,95 18-38 | 4.700.000 | EUR | 130,64 | 6.140.103,50 | 3,05% | 2,98% |
| ITALY BTP 1,20 17-22 | 4.000.000 | EUR | 102,10 | 4.084.100,00 | 2,03% | 1,98% |
| ITALY BTP 1,50 15-25 | 6.500.000 | EUR | 107,21 | 6.968.585,00 | 3,46% | 3,38% |
| ITALY BTP 5,5 12-22 | 6.200.000 | EUR | 109,85 | 6.810.824,00 | 3,38% | 3,30% |
| ITALY IL 2,60 07-23 | 1.175.000 | EUR | 109,98 | 1.542.100,79 | 0,77% | 0,75% |
| Luxembourg (Grand-Duché) |  |  |  | 56.715.796,08 |  | 28,16% | 27,49% |
| LUXEMBG 0,625 17-27 | 2.000.000 | EUR | 107,23 | 2.144.640,00 | 1,06% | 1,04% |
| Pays-Bas |  |  |  | 2.144.640,00 |  | 1,06% | 1,04% |
| NETHERL 0,25 19-29 | 2.000.000 | EUR | 107,04 | 2.140.860,00 | 1,06% | 1,04% |
| Pologne (République) |  |  |  | 2.140.860,00 |  | 1,06% | 1,04% |
| POLAND 1,00 19-29 | 500.000 | EUR | 109,33 | 546.645,00 | 0,27% | 0,26% |
| Portugal |  |  |  | 546.645,00 |  | 0,27% | 0,26% |
| PORTUGAL 0,475 20-30 | 1.000.000 | EUR | 104,39 | 1.043.865,00 | 0,52% | 0,51% |
| PORTUGAL 2,125 18-28 | 3.000.000 | EUR | 117,92 | 3.537.585,00 | 1,76% | 1,71% |
| PORTUGAL 2,875 15-25 | 3.000.000 | EUR | 116,03 | 3.480.945,00 | 1,73% | 1,69% |
| PORTUGAL 2,875 16-26 | 1.500.000 | EUR | 118,15 | 1.772.317,50 | 0,88% | 0,86% |
| PORTUGAL 4,10 15-45 | 1.000.000 | EUR | 174,30 | 1.743.030,00 | 0,87% | 0,84% |
| PORTUGAL 5,65 13-24 | 3.000.000 | EUR | 119,51 | 3.585.240,00 | 1,78% | 1,74% |
| Roumanie |  |  |  | 15.162.982,50 |  | 7,53% | 7,35% |
| ROMANIA 1,375 20-29 | 300.000 | EUR | 102,03 | 306.088,50 | 0,15% | 0,15% |
| ROMANIA 2,00 19-26 | 2.500.000 | EUR | 106,95 | 2.673.825,00 | 1,33% | 1,30% |
| ROMANIA 2,00 20-32 | 1.800.000 | EUR | 105,06 | 1.891.008,00 | 0,94% | 0,92% |
| ROMANIA 3,50 19-34 | 3.000.000 | EUR | 119,33 | 3.579.870,00 | 1,78% | 1,74% |
| Slovénie (République) |  |  |  | 8.450.791,50 |  | 4,20% | 4,10% |
| SLOVENIA 0,875 20-30 | 1.000.000 | EUR | 110,22 | 1.102.190,00 | 0,55% | 0,53% |
| SLOVENIA 1,00 18-28 | 500.000 | EUR | 109,62 | 548.122,50 | 0,27% | 0,27% |
|  |  |  |  | 1.650.312,50 |  | 0,82% | 0,80% |
| Total - Emis(es) par état |  |  |  | 167.678.990,19 | 83,26% | 81,28% |
| Emis(es) par une institution internationale |  |  |  |  |  |  |
| Luxembourg (Grand-Duché) |  |  |  |  |  |  |
| EIB 0,00 16-24 | 2.500.000 | EUR | 102,17 | 2.554.287,50 | 1,27% | 1,24% |
| ESM 0,10 18-23 | 1.700.000 | EUR | 101,90 | 1.732.274,50 | 0,86% | 0,84% |
| ESM 0,125 16-24 | 2.500.000 | EUR | 102,49 | 2.562.350,00 | 1,27% | 1,24% |
|  |  |  |  | 6.848.912,00 |  | 3,40% | 3,32% |
| Total - Emis(es) par une institution internationale |  |  |  | 6.848.912,00 | 3,40% | 3,32% |
| Obligation du Secteur Public |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| FLEMISH 0,375 16-26 | 2.800.000 | EUR | 104,32 | 2.920.876,00 | 1,45% | 1,42% |
| FLEMISH 1,341 15-25 | 2.500.000 | EUR | 107,88 | 2.697.100,00 | 1,34% | 1,31% |
|  |  |  |  | 5.617.976,00 |  | 2,79% | 2,72% |

| Dénomination | Quantité au 31 décembre 2020 | Devise | Cours en devise | Evaluation EUR | % détenu par l'OPC | % porte- feuille | % actif net |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Total - Obligation du Secteur Public |  |  |  | 5.617.976,00 |  | 2,79% | 2,72% |
| Emis(es) par une entreprise privée |  |  |  |  |  |  |
| Belgique |  |  |  |  |  |  |
| BNPPB 0,50 17-24 | 3.000.000 | EUR | 103,67 | 3.110.055,00 | 1,54% | 1,51% |
| FLEMISH 0,854 15-22 | 3.000.000 | EUR | 101,97 | 3.059.085,00 | 1,52% | 1,48% |
| Pays-Bas |  |  |  | 6.169.140,00 |  | 3,06% | 2,99% |
| BNG 0,25 15-25 | 2.000.000 | EUR | 103,31 | 2.066.110,00 | 1,03% | 1,00% |
| BNG 0,75 18-28 | 2.000.000 | EUR | 108,18 | 2.163.580,00 | 1,07% | 1,05% |
| BNG 1,125 14-24 | 2.000.000 | EUR | 106,12 | 2.122.380,00 | 1,05% | 1,03% |
| ING BANK 3,375 12-22 | 1.000.000 | EUR | 104,00 | 1.040.050,00 | 0,52% | 0,50% |
| Slovaquie (République slovaque) |  |  |  | 7.392.120,00 |  | 3,67% | 3,58% |
| VUBSK 0,375 17-22 | 5.000.000 | EUR | 100,86 | 5.043.125,00 | 2,50% | 2,44% |
|  |  |  |  | 5.043.125,00 |  | 2,50% | 2,44% |
| Total - Emis(es) par une entreprise privée |  |  |  | 18.604.385,00 | 9,24% | 9,02% |
| Total - Obligations et autres titres de créances |  |  |  | 198.750.263,19 | 98,68% | 96,35% |
| Instruments du marché monétaire |  |  |  |  |  |  |
| ITALY 3,75 06-21 | 1.000.000 | EUR | 102,50 | 1.024.980,00 | 0,51% | 0,50% |
| ITALY BTP 2,10 10-21 | 1.400.000 | EUR | 102,54 | 1.625.579,08 | 0,81% | 0,79% |
| Total - Instruments du marché monétaire |  |  |  | 2.650.559,08 | 1,32% | 1,28% |
| Total - Valeurs mobilières admises à la cote officielle d'une bourse de valeurs |  |  |  | 201.400.822,27 | 100,00% | 97,63% |
| Total - portefeuille |  |  |  | 201.400.822,27 | 100,00% | 97,63% |
| Collatéral |  |  |  | 0,00 |  | 0,00% |
| Dépôts et Liquidités |  |  |  |  |  |  |
| Avoirs bancaires à vue |  |  |  |  |  |  |
| Banque Degroof Petercam |  | EUR |  | 3.259.877,52 |  | 1,58% |
| Total - Avoirs bancaires à vue |  |  |  | 3.259.877,52 |  | 1,58% |
| Total - Dépôts et Liquidités |  |  |  | 3.259.877,52 |  | 1,58% |
| Créances et dettes diverses |  |  |  | 12.726,65 |  | 0,01% |
| Autres |  |  |  | 1.615.583,22 |  | 0,78% |
| Actif Net Total |  |  |  | 206.289.009,66 |  | 100,00% |

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