# Portfolio analysis
## Fund indicators

## Fund indicators

## Sector breakdown
65%
60%
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Industrial	Financial Institutions	Utility	Cash
Portfolio	Benchmark*
28.99%
19.74%
31.60%
33.80%
16.03%
24.15%
17.01%
16.44%
30.40%
25.07%

## Modified duration to worst breakdown	Maturity breakdown
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20	+ 20
32%
28%
24%
20%
16%
12%
8%
4%
0%
1.69%
0.00%
2.04%
1.46%
11.84%
16.49%
10.72%
13.89%
11.52%
13.10%
1.61%
1.52%
1.69%
0.00%
0.26%
0.14%
Cash	0-1
year
10.02%
1-3
years
3-5
years
14.60%
12.79%
5-7
years
15.03%
7-10
years
3.85%
12.52%
10-20
years
+20
years
Portfolio	Benchmark*	Portfolio	Benchmark*
| Portfolio analysis |  |
| --- | --- |
| Top 10 holdings |  |  |  |  |  |  |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| JPMORGAN CHASE & CO | 2.950 | 01/10/26 | Financial Institutions | 4.76 | A | 2.10% |
| ECOLAB INC | 5.500 | 08/12/41 | Industrial | 13.44 | A | 1.92% |
| FIRST HORIZON BANK | 5.750 | 01/05/30 | Financial Institutions | 7.12 | BBB | 1.53% |
| AT&T INC | 5.150 | 15/11/46 | Industrial | 15.41 | BBB | 1.36% |
| BRIGHTHOUSE FINANCIAL IN | 4.700 | 22/06/47 | Financial Institutions | 15.27 | BBB | 1.31% |
| CITIGROUP INC | 1.122 | 28/01/27 | Financial Institutions | 4.54 | A | 1.24% |
| BROADCOM INC | 3.150 | 15/11/25 | Industrial | 4.13 | BBB | 1.18% |
| BPCE SA | 3.500 | 23/10/27 | Financial Institutions | 5.80 | BBB | 1.13% |
| VERIZON COMMUNICATIONS | 5.012 | 21/08/54 | Industrial | 18.25 | BBB | 1.08% |
| CREDIT AGRICOLE LONDON | 1.907 | 16/06/26 | Financial Institutions | 3.88 | A | 1.07% |
| Number of Holdings | 174 |  |  |  |  |  |


## Rating breakdown
68.70%
80%
51.44%
70%
40.00%
60%
50%
22.91%
40%
30%
6.85%
5.82%
20%
0.00%
1.48%
0.88%
0.11%
0.00%
0.11%
1.69%
0.00%
10%
0%
AAA	AA	A	BBB	BB	NR	Cash
Portfolio	Benchmark*

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

## Country Breakdown
76.85%
84.69%
90%
80%
70%
60%
50%
40%
30%
4.39%
20%
3.56%
2.85%
3.03%
0.46%
2.46%
2.11%
0.63%
1.90%
1.01%
1.63%
1.77%
1.60%
0.51%
1.04%
1.06%
4.11%
2.63%
1.69%
0.00%
10%
0%
United States
Canada	France		United Kingdom
Australia	Netherlands	Japan	Spain	Belgium	Other	Cash
Portfolio	Benchmark*

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

## Caractéristique du portefeuille

## Exposition sectorielle
65%
60%
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Industrie	Institution financières	Serv. aux collect.	Cash
Portefeuille	Indice de référence*
28.99%
19.74%
31.60%
33.80%
16.03%
24.15%
17.01%
16.44%
30.40%
25.07%

## Exposition à la Modified Duration to Worst	Exposition par maturité
36%
32%
28%
24%
20%
16%
12%
8%
4%
0%
Cash	0-1	1-3	3-5	5-7	7-10	10-20	+ 20
32%
28%
24%
20%
16%
12%
8%
4%
0%
1.69%
0.00%
2.04%
1.46%
11.84%
16.49%
10.72%
13.89%
11.52%
13.10%
1.61%
1.52%
1.69%
0.00%
0.26%
0.14%
Cash	0-1
an
10.02%
1-3
ans
3-5
ans
14.60%
12.79%
5-7
ans
15.03%
7-10
ans
3.85%
12.52%
10-20
ans
+ 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 |
| JPMORGAN CHASE & CO | 2.950 | 01/10/26 | Institution financières | 4.76 | A | 2.10% |
| ECOLAB INC | 5.500 | 08/12/41 | Industrie | 13.44 | A | 1.92% |
| FIRST HORIZON BANK | 5.750 | 01/05/30 | Institution financières | 7.12 | BBB | 1.53% |
| AT&T INC | 5.150 | 15/11/46 | Industrie | 15.41 | BBB | 1.36% |
| BRIGHTHOUSE FINANCIAL IN | 4.700 | 22/06/47 | Institution financières | 15.27 | BBB | 1.31% |
| CITIGROUP INC | 1.122 | 28/01/27 | Institution financières | 4.54 | A | 1.24% |
| BROADCOM INC | 3.150 | 15/11/25 | Industrie | 4.13 | BBB | 1.18% |
| BPCE SA | 3.500 | 23/10/27 | Institution financières | 5.80 | BBB | 1.13% |
| VERIZON COMMUNICATIONS | 5.012 | 21/08/54 | Industrie | 18.25 | BBB | 1.08% |
| CREDIT AGRICOLE LONDON | 1.907 | 16/06/26 | Institution financières | 3.88 | A | 1.07% |
| Nombre de lignes | 174 |  |  |  |  |  |


## Exposition par rating
68.70%
80%
51.44%
70%
40.00%
60%
50%
22.91%
40%
30%
6.85%
5.82%
20%
0.00%
1.48%
0.88%
0.11%
0.00%
0.11%
1.69%
0.00%
10%
0%
AAA	AA	A	BBB	BB	NR	Cash
Portefeuille	Indice de référence*

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

## Exposition par pays
76.85%
84.69%
90%
80%
70%
60%
50%
40%
30%
20%
3.56%
2.85%
3.03%
0.46%
2.46%
4.39%
2.11%
0.63%
1.90%
1.01%
1.63%
1.77%
1.60%
0.51%
1.04%
1.06%
4.11%
2.63%
1.69%
0.00%
10%
0%
Etats-Unis	Canada	France	Royaume-Uni	Australie	Pays-Bas	Japon	Espagne	Belgique	Autres	Cash
Portefeuille	Indice de référence*