# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
25.00%
30%
14.84%
25%
20%
8.57%
5.88%
5.36%
5.23%
5.10%
4.89%
4.74%
4.35%
4.22%
15%
2.76%
2.34%
2.23%
1.49%
1.45%
0.41%
1.14%
10%
5%
Banking
Financial Services
Healthcare
Utility
Real Estate
Insurance
Telecommunications
Energy
Technology &
Electronics
Capital Goods
Consumer Goods
Basic Industry
Media
Automotive
Transportation
Services
Retail
Cash
0%
Portfolio

## Modified duration to worst breakdown
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Cash	0-1	1-3	3-5
Portfolio

## Maturity breakdown
60%
50%
40%
30%
20%
10%
0%
Cash	0-1 year	1-3 years	3-5 years	5-7 years
Portfolio
Source(s): AXA Investment Managers as at 28/05/2021
| Portfolio analysis |  |
| --- | --- |
| Top 10 holdings |  |  |  |  |  |  |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| AT&T INC | 0.900 | 25/03/24 | Telecommunications | 0.82 | BBB | 1.93% |
| PEOPLE'S UNITED FIN INC | 3.650 | 06/12/22 | Banking | 1.23 | BBB | 1.37% |
| ATHENE GLOBAL FUNDING | 2.800 | 26/05/23 | Insurance | 1.95 | A | 1.37% |
| BRIGHTHSE FIN GLBL FUND | 1.000 | 12/04/24 | Insurance | 2.83 | A | 1.34% |
| NEXTERA ENERGY CAPITAL | 0.650 | 01/03/23 | Utility | 1.75 | BBB | 1.31% |
| JPMORGAN CHASE & CO | 1.063 | 23/07/24 | Banking | 0.15 | A | 1.29% |
| Bank of America Corp | - | - | Not Classified |  | NR | 1.27% |
| SKYWORKS SOLUTIONS INC | 0.900 | 01/06/23 | Technology & Electronics | 1.00 | BBB | 1.22% |
| VERIZON COMMUNICATIONS | 0.750 | 22/03/24 | Telecommunications | 2.79 | BBB | 1.19% |
| HSBC HOLDINGS PLC | 3.033 | 22/11/23 | Banking | 1.46 | A | 1.18% |
| Number of Holdings | 145 |  |  |  |  |  |


## Rating breakdown
80%
70%
60%
50%
40%
30%
20%
10%
0%
A	BBB	BB	Cash
Portfolio

## Currency breakdown
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
USD	Cash
Portfolio

## Country Breakdown
United States	France	United Kingdom	Canada	Spain	Ireland	New Zealand	Australia	Other	Cash
Portfolio
Source(s): AXA Investment Managers as at 28/05/2021

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

## Caractéristique du portefeuille

## Exposition sectorielle
25.00%
28%
14.84%
24%
20%
8.57%
16%
5.88%
5.36%
5.23%
5.10%
4.89%
4.74%
4.35%
4.22%
12%
2.76%
2.34%
2.23%
1.49%
1.45%
0.41%
1.14%
8%
4%
Bancaires
Services
Financiers
Sante
Serv. aux
collect.
Immobilier
Assurances
Télécom.
Energie
Tech. & Elec.
Biens d’équip.
Biens de
consommation
Industrie
Médias
Automobile
Transport
Services
Produits de
détail
Cash
0%
Portefeuille

## Exposition à la Modified Duration to Worst
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Cash	0-1	1-3	3-5
Portefeuille

## Exposition par maturité
60%
50%
40%
30%
20%
10%
0%
Cash	0-1 an	1-3 ans	3-5 ans	5-7 ans
Portefeuille
Source(s) : AXA Investment Managers au 28/05/2021
| Analyse du portefeuille |  |
| --- | --- |
| Les 10 principales lignes |  |  |  |  |  |  |
| Emetteur | Coupon | Maturité | Secteur | Modified duration to worst | Rating | Poids |
| AT&T INC | 0.900 | 25/03/24 | Télécom. | 0.82 | BBB | 1.93% |
| PEOPLE'S UNITED FIN INC | 3.650 | 06/12/22 | Bancaires | 1.23 | BBB | 1.37% |
| ATHENE GLOBAL FUNDING | 2.800 | 26/05/23 | Assurances | 1.95 | A | 1.37% |
| BRIGHTHSE FIN GLBL FUND | 1.000 | 12/04/24 | Assurances | 2.83 | A | 1.34% |
| NEXTERA ENERGY CAPITAL | 0.650 | 01/03/23 | Serv. aux collect. | 1.75 | BBB | 1.31% |
| JPMORGAN CHASE & CO | 1.063 | 23/07/24 | Bancaires | 0.15 | A | 1.29% |
| Bank of America Corp | - | - | Non Classé |  | NR | 1.27% |
| SKYWORKS SOLUTIONS INC | 0.900 | 01/06/23 | Tech. & Elec. | 1.00 | BBB | 1.22% |
| VERIZON COMMUNICATIONS | 0.750 | 22/03/24 | Télécom. | 2.79 | BBB | 1.19% |
| HSBC HOLDINGS PLC | 3.033 | 22/11/23 | Bancaires | 1.46 | A | 1.18% |
| Nombre de lignes | 145 |  |  |  |  |  |


## Exposition par rating
80%
70%
60%
50%
40%
30%
20%
10%
0%
A	BBB	BB	Cash
Portefeuille

## Exposition par devise
110%
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
USD	Cash
Portefeuille

## Exposition par pays
Etats-Unis	France	Royaume-Uni	Canada	Espagne	Irlande	Nlle-Zélande	Australie	Autres	Cash
Portefeuille
Source(s) : AXA Investment Managers au 28/05/2021