# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
10.81%
13.50%
15.00%
8.82%
5.38%
8.58%
8.81%
8.21%
6.61%
7.96%
6.28%
7.63%
3.64%
7.37%
4.42%
6.83%
4.26%
7.22%
12.50%
4.30%
5.94%
4.19%
4.71%
4.69%
4.53%
4.30%
4.24%
5.12%
2.22%
5.05%
5.75%
4.30%
0.25%
10.00%
1.82%
3.01%
0.52%
3.94%
7.50%
1.60%
1.14%
0.93%
0.00%
0.61%
0.41%
0.00%
0.11%
0.00%
5.00%
2.50%
Services
Capital Goods
Basic Industry
Healthcare
Media
Technology &
Electronics
Energy
Consumer Goods
Financial Services
Retail
Telecommunications
Real Estate
Leisure
Automotive
Transportation
Insurance
Not Classified
Banking
Utility
Covered Bonds
ABS
Cash
0.00%
Portfolio	Benchmark*
37.61%
32.41%
29.62%
23.43%
19.20%
32.24%
28.58%
31.96%
22.36%
29.12%

## Modified duration to worst breakdown	Maturity breakdown
36%
32%
28%
24%
20%
16%
4.30%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20
40%
35%
30%
25%
20%
15%
10%
5%
0%
4.30%
0.25%
0.27%
0.23%
0.25%
15.13%
8.71%
13.64%
3.13%
5.90%
0.67%
4.00%
Cash	0-1
year
8.36%
18.06%
1-3
years
3-5
years
5-7
years
17.07%
7-10
years
2.41%
3.28%
10-20
years
0.35%
3.15%
+20
years
Portfolio	Benchmark*	Portfolio	Benchmark*
| Portfolio analysis |  |
| --- | --- |
| Top 10 holdings |  |  |  |  |  |  |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| SOLERA LLC / SOLERA FINA | 10.500 | 01/03/24 | Technology & Electronics | 0.01 | CCC | 0.96% |
| CAMELOT FINANCE SA | 4.500 | 01/11/26 | Services | 3.20 | B | 0.88% |
| MAUSER PACKAGING SOLUT | 7.250 | 15/04/25 | Capital Goods | 3.42 | CCC | 0.84% |
| CHANGE HEALTH / FIN INC | 5.750 | 01/03/25 | Healthcare | 0.08 | CCC | 0.77% |
| WATCO COS LLC/FINANCE CO | 6.500 | 15/06/27 | Transportation | 3.54 | CCC | 0.74% |
| HUB INTERNATIONAL LTD | 7.000 | 01/05/26 | Insurance | 0.91 | CCC | 0.69% |
| GETTY IMAGES INC | 9.750 | 01/03/27 | Media | 0.73 | CCC | 0.66% |
| KENAN ADVANTAGE GROUP | 7.875 | 31/07/23 | Transportation | 1.99 | CCC | 0.66% |
| GRANITE MERGER SUB 2 INC | 11.000 | 15/07/27 | Technology & Electronics | 1.06 | CCC | 0.64% |
| WELBILT INC | 9.500 | 15/02/24 | Capital Goods | 0.16 | CCC | 0.62% |
| Number of Holdings | 494 |  |  |  |  |  |

60.39%
45.11%
78.37%
77.27%

## Rating breakdown	Currency breakdown
70%
60%
50%
40%
30%
20%
10%
0%
0.00%
0.07%
1.06%
0.07%
27.73%
30.13%
20.83%
9.10%
0.98%
0.00%
4.30%
0.25%
AAA	BBB	BB	B	CCC	NR	Cash
Portfolio	Benchmark*
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
14.64%
19.71%
2.69%
2.35%
0.00%
0.43%
4.30%
0.25%
USD	EUR	GBP	Other	Cash
Portfolio	Benchmark*

## Country Breakdown
73.67%
80%
70%
53.53%
60%
50%
26.47%
40%
30%
20%
3.55%
3.82%
3.04%
1.50%
2.94%
2.46%
2.40%
3.46%
1.80%
2.96%
1.74%
4.15%
1.31%
1.40%
5.26%
4.30%
0.25%
10%
0%
United States  United Kingdom	Netherlands	Canada	France	Germany	Italy	Luxemburg	Other	Cash
Portfolio	Benchmark*

Translation (ENFR, 2021-05-28):
# Analyse du portefeuille
## Caractéristique du portefeuille

## Caractéristique du portefeuille

## Exposition sectorielle
10.81%
13.50%
16%
14%
8.82%
8.58%
8.81%
8.21%
6.61%
7.96%
6.28%
7.63%
12%
7.37%
5.94%
4.19%
4.42%
6.83%
4.26%
7.22%
5.75%
10%
4.30%
5.38%
3.64%
4.71%
4.69%
4.53%
4.30%
4.24%
5.12%
2.22%
5.05%
3.94%
4.30%
8%
1.82%
3.01%
1.60%
1.14%
6%
0.93%
0.00%
0.61%
0.52%
0.41%
0.00%
0.11%
0.00%
0.25%
4%
2%
Services
Biens d’équip.
Industrie
Sante
Médias
Tech. & Elec.
Energie
Biens de
consommation
Services
Financiers
Produits de
détail
Télécom.
Immobilier
Loisirs
Automobile
Transport
Assurances
Non Classé
Bancaires
Serv. aux
collect.
Covered
Bonds
ABS
Cash
0%
Portefeuille	Indice de référence*
37.61%
32.41%
29.62%
23.43%
19.20%
32.24%
28.58%
31.96%
22.36%
29.12%

## Exposition à la Modified Duration to Worst	Exposition par maturité
36%
32%
28%
24%
20%
16%
4.30%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20
40%
35%
30%
25%
20%
15%
10%
5%
0%
4.30%
0.25%
0.27%
0.23%
0.25%
15.13%
8.71%
13.64%
3.13%
5.90%
0.67%
4.00%
Cash	0-1
an
8.36%
18.06%
1-3
ans
3-5
ans
5-7
ans
17.07%
7-10
ans
2.41%
3.28%
10-20
ans
0.35%
3.15%
+ 20
ans
Portefeuille	Indice de référence*	Portefeuille	Indice de référence*
| Analyse du portefeuille |  |
| --- | --- |
| Les 10 principales lignes |  |  |  |  |  |  |
| Emetteur | Coupon | Maturité | Secteur | Modified duration to worst | Rating | Poids |
| SOLERA LLC / SOLERA FINA | 10.500 | 01/03/24 | Tech. & Elec. | 0.01 | CCC | 0.96% |
| CAMELOT FINANCE SA | 4.500 | 01/11/26 | Services | 3.20 | B | 0.88% |
| MAUSER PACKAGING SOLUT | 7.250 | 15/04/25 | Biens d’équip. | 3.42 | CCC | 0.84% |
| CHANGE HEALTH / FIN INC | 5.750 | 01/03/25 | Sante | 0.08 | CCC | 0.77% |
| WATCO COS LLC/FINANCE CO | 6.500 | 15/06/27 | Transport | 3.54 | CCC | 0.74% |
| HUB INTERNATIONAL LTD | 7.000 | 01/05/26 | Assurances | 0.91 | CCC | 0.69% |
| GETTY IMAGES INC | 9.750 | 01/03/27 | Médias | 0.73 | CCC | 0.66% |
| KENAN ADVANTAGE GROUP | 7.875 | 31/07/23 | Transport | 1.99 | CCC | 0.66% |
| GRANITE MERGER SUB 2 INC | 11.000 | 15/07/27 | Tech. & Elec. | 1.06 | CCC | 0.64% |
| WELBILT INC | 9.500 | 15/02/24 | Biens d’équip. | 0.16 | CCC | 0.62% |
| Nombre de lignes | 494 |  |  |  |  |  |

60.39%
45.11%
78.37%
77.27%

## Exposition par rating	Exposition par devise
70%
60%
50%
40%
30%
20%
10%
0%
0.00%
0.07%
1.06%
0.07%
27.73%
30.13%
20.83%
9.10%
0.98%
0.00%
4.30%
0.25%
AAA	BBB	BB	B	CCC	NR	Cash
Portefeuille	Indice de référence*
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
14.64%
19.71%
2.69%
2.35%
0.00%
0.43%
4.30%
0.25%
USD	EUR	GBP	Autres	Cash
Portefeuille	Indice de référence*

## Exposition par pays
73.67%
80%
70%
53.53%
60%
50%
26.47%
40%
30%
20%
3.55%
3.82%
3.04%
1.50%
2.94%
2.46%
2.40%
3.46%
1.80%
2.96%
1.74%
4.15%
1.31%
1.40%
5.26%
4.30%
0.25%
10%
0%
Etats-Unis	Royaume-Uni	Pays-Bas	Canada	France	Allemagne	Italie	Luxembourg	Autres	Cash
Portefeuille	Indice de référence*