# Asset breakdown - by JPM sector
## In % of total economic exposure

## in %	
Portfolio 
| AAA	1.18 |  |
| --- | --- |
| AA	3.41 |  |  |
| A	9.21 |  |  |
| BBB	13.64 |  |  |
| BB	31.37 |  |  |
| B	31.01 |  |  |
| CCC & Below	5.45 |  |  |
| Cash & FX	4.73 |  |  |

| Financials	24.33 |  |  |
| --- | --- | --- |
| Oil & Gas	15.75 |  |  |
| Real Estate	10.34 |  |  |
| Metals & Mining	8.79 |  |  |
| Consumer	7.65 |  |  |
| Sovereign	6.51 |  |  |
| Quasi-Sovereign	5.81 |  |  |
| Cash and Cash	5.61 Equivalents |  |
|  |  |
|  |
| TMT	5.09 |  |  |
| Utilities	4.20 |  |  |
| Industrial	4.04 |  |  |
| Others	1.88 |  |  |

| Top 10 positions |  |
| --- | --- |
| In % of total economic exposure |
| Instrument Name | ISIN | Coupon p.a. | Maturity date | Weight |
| BANCO MERCANTIL PERP AT1 | USP1400MAC21 | 8.38% | 31.12.2049 | 2.40% |
| QATAR PETROLEUM | XS2357494322 | 2.25% | 12.07.2031 | 2.36% |
| GAZPROM PJSC | XS2363250833 | 3.50% | 14.07.2031 | 1.74% |
| SAUDI ARABIAN OIL CO | XS1982116136 | 4.38% | 16.04.2049 | 1.72% |
| VOLCAN COMPANIA MINERA SAA | USP98047AC08 | 4.38% | 11.02.2026 | 1.66% |
| UZBEKISTAN (REPUBLIC OF) | XS2365195978 | 3.90% | 19.10.2031 | 1.61% |
| REDE DOR FINANCE SARL | USL7915TAA09 | 4.50% | 22.01.2030 | 1.35% |
| B3 S.A. - BRASIL BOLSA BALCAO | USP19118AA91 | 4.13% | 20.09.2031 | 1.15% |
| HUARONG FINANCE 2019 CO LTD | XS2122990810 | 3.38% | 24.02.2030 | 1.14% |
| GRAN TIERRA ENERGY INTERNATIONAL H | USU37016AA70 | 7.75% | 23.05.2027 | 1.12% |

| Top 10 issuers |  |
| --- | --- |
| In % of total economic exposure |
|  | in % |
| SAUDI ARABIAN OIL CO | 3.48 |
| GAZ FINANCE PLC | 3.02 |
| VOLCAN COMPANIA MINERA SAA | 2.59 |
| BANCO MERCANTIL DEL NORTE SA | 2.56 |
| QATAR ENERGY | 2.51 |
| HUARONG FINANCE 2017 CO LTD | 2.03 |
| HUARONG FINANCE 2019 CO LTD | 1.82 |
| GRAN TIERRA ENERGY INTERNATIONAL HOLDINGS LTD | 1.71 |
| UZBEKISTAN (REPUBLIC OF) | 1.71 |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV | 1.59 |

Translation (ENFR, 2021-12-31):
# Répartition des actifs - par Secteur JPM
en % de l’exposition économique totale
en %	
Portefeuille 
| AAA	1.18 |  |
| --- | --- |
| AA	3.41 |  |  |
| A	9.21 |  |  |
| BBB	13.64 |  |  |
| BB	31.37 |  |  |
| B	31.01 |  |  |
| CCC & inférieur	5.45 |  |  |
| Liquidités et	4.73 devises |  |
|  |  |
|  |

| Financiers | 24.33 |
| --- | --- |
| Pétrole et gaz | 15.75 |
| Immobilier | 10.34 |
| Métaux et minerais | 8.79 |
| Consommateurs | 7.65 |
| Souverain | 6.51 |
| Quasi-souverains | 5.81 |

| 10 plus larges positions |  |
| --- | --- |
| en % de l’exposition économique totale |
| Nom de l’instrument | ISIN | Coupon par an | Date d'échéance | Pondération |
| BANCO MERCANTIL PERP AT1 | USP1400MAC21 | 8.38% | 31.12.2049 | 2.40% |
| QATAR PETROLEUM | XS2357494322 | 2.25% | 12.07.2031 | 2.36% |
| GAZPROM PJSC | XS2363250833 | 3.50% | 14.07.2031 | 1.74% |
| SAUDI ARABIAN OIL CO | XS1982116136 | 4.38% | 16.04.2049 | 1.72% |
| VOLCAN COMPANIA MINERA SAA | USP98047AC08 | 4.38% | 11.02.2026 | 1.66% |
| UZBEKISTAN (REPUBLIC OF) | XS2365195978 | 3.90% | 19.10.2031 | 1.61% |
| REDE DOR FINANCE SARL | USL7915TAA09 | 4.50% | 22.01.2030 | 1.35% |
| B3 S.A. - BRASIL BOLSA BALCAO | USP19118AA91 | 4.13% | 20.09.2031 | 1.15% |
| HUARONG FINANCE 2019 CO LTD | XS2122990810 | 3.38% | 24.02.2030 | 1.14% |
| GRAN TIERRA ENERGY INTERNATIONAL H | USU37016AA70 | 7.75% | 23.05.2027 | 1.12% |
|  |  |  |  |  |
| 10 plus larges émetteurs en % de l’exposition économique totale |  |  |  | en % |
| SAUDI ARABIAN OIL CO |  |  |  | 3.48 |
| GAZ FINANCE PLC |  |  |  | 3.02 |
| VOLCAN COMPANIA MINERA SAA |  |  |  | 2.59 |
| BANCO MERCANTIL DEL NORTE SA |  |  |  | 2.56 |
| QATAR ENERGY |  |  |  | 2.51 |
| HUARONG FINANCE 2017 CO LTD |  |  |  | 2.03 |
| HUARONG FINANCE 2019 CO LTD |  |  |  | 1.82 |
| GRAN TIERRA ENERGY INTERNATIONAL HOLDINGS LTD |  |  |  | 1.71 |
| UZBEKISTAN (REPUBLIC OF) |  |  |  | 1.71 |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV |  |  |  | 1.59 |