# PORTOFOLIO ANALYSIS
#### GLOBAL ANALYSIS
UCIT	
| WAM | 0 |
| --- | --- |
| WAL Regulatory | 30 |
| Agency average LT rating | BBB+ |
| Nb of issuers | 23 |
| Number of lines | 37 |
| Liquidity inf. 7 days | 54.42% |
| Liquidités 24h | 41.70% |


#### BREAKDOWN BY INSTRUMENT TYPE (AS % OF TOTAL ASSETS)
MATURITY BREAKDOWN
0-1 month
1-3 months
> 3 months
Cash
0 %	10 %	20 %	30 %	40 %	50 %	60 %
Portfolio

#### PORTFOLIO STRUCTURE
32.83 %
54.42 %
Liquidities TCN
Putable DAT
Bond
54.42 %
32.02 %

#### EVOLUTION OF WAL AND WAM (IN DAYS)
10	60
Liquidity Financials Corporates
50
7.5
40
WAL
WAM
5
30
2.5
20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21
07/21
08/21
09/21
0	10
WAM (0) WAL (put days) (28)
WAL (Weighted Average Life) : credit duration in days
WAM (Weighted Average Maturity) : modified duration in days

#### BREAKDOWN BY EMISSION RATING
A
BBB+
BBB
BBB-
NR
Liquidites
| 0 % | 10 % |  | 20 % |  | 30 % | 40 % | 50 % | 60 % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |

Agency	Internal
| MAIN POSITIONS IN PORFOLIO |  |
| --- | --- |
|  | Portfolio | Maturity | Country | Instrument Group | Counterparty |
| BNP PARIBAS SA | 5.95% | - | France | Money market | - |
| BRED BANQUE POPULAIRE | 5.58% | - | France | Money market | - |
| SG ISSUER SA | 5.40% | 29/11/2021 | Luxembourg | Bonds | - |
| INTESA SANPAOLO BANK LUX SA | 4.57% | - | Luxembourg | Money market | - |
| PURPLE PROTECTED ASSET | 2.85% | 17/11/2021 | Luxembourg | Bonds | - |
| VEOLIA ENVIRONNEMENT SA | 2.84% | - | France | Money market | - |
| BELFIUS BANK SA | 2.29% | 07/10/2021 | Belgium | Money market | - |
| UNICREDIT SPA | 2.28% | 29/12/2021 | Italy | Money market | - |
| DANONE | 2.28% | 10/11/2021 | France | Money market | - |
| IBERDROLA INTERNATIONAL BV | 2.28% | - | Spain | Money market | - |

For reverse repurchase, displayed maturity is of 1 day. It corresponds to the time necessary to settle the transaction
* Counterparty column: information only available for the reverse repurchase
| COUNTRY / SECTORS / MATURITIES MATRIX |  |
| --- | --- |
|  | 0-1 month | 1-3 months | > 3 months | Total |
| Euro Zone | 14.17% | 30.16% | - | 44.33% |
| France | 9.04% | 13.87% | - | 22.91% |
| Financials | 3.92% | 9.87% | - | 13.80% |
| Corporate | 5.12% | 3.99% | - | 9.11% |
| Italy | - | 3.19% | - | 3.19% |
| Financials | - | 2.28% | - | 2.28% |
| Corporate | - | 0.91% | - | 0.91% |
| Luxembourg | 2.85% | 9.97% | - | 12.82% |
| Financials | 2.85% | 9.97% | - | 12.82% |
| Spain | 2.28% | 3.13% | - | 5.41% |
| Financials | - | 2.56% | - | 2.56% |
| Corporate | 2.28% | 0.57% | - | 2.85% |
| Rest of the world | 0.57% | 0.68% | - | 1.26% |
| United Kingdom | - | 0.68% | - | 0.68% |
| Corporate | - | 0.68% | - | 0.68% |
| United States | 0.57% | - | - | 0.57% |
| Financials | 0.57% | - | - | 0.57% |
| Cash | 20.21% | 6.01% | 28.20% | 54.42% |

Translation (ENFR, 2021-09-30):
# ANALYSE DU PORTEFEUILLE GLOBAL
#### ANALYSE GLOBALE

##### 	Portefeuille	
WAM0
WAL Réglementaire30
Note Moy. Agence LT	BBB+
Nb. Emetteurs en PTF23
Nb. Lignes en PTF37
Liquidités	54,42%
Liquidités 24h	41,70%

#### REPARTITION PAR TYPES D'INSTRUMENTS (EN % DE L'ACTIF)
RÉPARTITION PAR MATURITÉS
0-1 mois
1-3 mois
> 3 mois
Liquidités
0 %	10 %	20 %	30 %	40 %	50 %	60 %
Portefeuille

#### REPARTITION PAR TYPES D'EMETTEURS
13,56 %
32,83 %
54,42 %
Liquidités TCN
Putable DAT
Obligations
32,02 %
54,42 %
Liquidités Finance Corporate

#### EVOLUTION DE LA WAL ET DE LA WAM (EN JOURS)	REPARTITION DES EMISSIONS PAR NOTATIONS LONG TERME
10
7,5
WAM
5
2,5
09/20
0
60
A
50
BBB+
WAL
40
BBB
30
BBB-
20
NR
10
07/21
08/21
09/21
Liquidites
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21
WAM (0) WAL (date de put) (28)
WAL (Weighted Average Life) : Durée de vie moyenne pondérée (DVMP) exprimée en nombre de jours WAM (Weighted Average Maturity) : Maturité moyenne pondérée (MMP) exprimée en nombre de jours
0 %	10 %	20 %	30 %	40 %	50 %	60 %
Agence Interne
| PRINCIPALES LIGNES EN PORTEFEUILLE |  |
| --- | --- |
|  | Portefeuille | Maturité | Pays | Groupe d'instrument | Contrepartie |
| BNP PARIBAS SA | 5,95% | - | France | Monétaire | - |
| BRED BANQUE POPULAIRE | 5,58% | - | France | Monétaire | - |
| SG ISSUER SA | 5,40% | 29/11/2021 | Luxembourg | Obligations | - |
| INTESA SANPAOLO BANK LUX SA | 4,57% | - | Luxembourg | Monétaire | - |
| PURPLE PROTECTED ASSET | 2,85% | 17/11/2021 | Luxembourg | Obligations | - |
| VEOLIA ENVIRONNEMENT SA | 2,84% | - | France | Monétaire | - |
| BELFIUS BANK SA | 2,29% | 07/10/2021 | Belgique | Monétaire | - |
| UNICREDIT SPA | 2,28% | 29/12/2021 | Italie | Monétaire | - |
| DANONE | 2,28% | 10/11/2021 | France | Monétaire | - |
| IBERDROLA INTERNATIONAL BV | 2,28% | - | Espagne | Monétaire | - |

Pour les prises en pension, la maturité affichée correspond au temps nécessaire pour déboucler l'opération
* Colonne contrepartie: information uniquement disponible pour les prises en pension
| MATRICE PAYS / SECTEURS / MATURITES |  |
| --- | --- |
|  | 0-1 mois | 1-3 mois | > 3 mois | Total |
| Zone Euro | 14,17% | 30,16% | - | 44,33% |
| France | 9,04% | 13,87% | - | 22,91% |
| Finance | 3,92% | 9,87% | - | 13,80% |
| Corporate | 5,12% | 3,99% | - | 9,11% |
| Italie | - | 3,19% | - | 3,19% |
| Finance | - | 2,28% | - | 2,28% |
| Corporate | - | 0,91% | - | 0,91% |
| Luxembourg | 2,85% | 9,97% | - | 12,82% |
| Finance | 2,85% | 9,97% | - | 12,82% |
| Espagne | 2,28% | 3,13% | - | 5,41% |
| Finance | - | 2,56% | - | 2,56% |
| Corporate | 2,28% | 0,57% | - | 2,85% |
| Reste du monde | 0,57% | 0,68% | - | 1,26% |
| Royaume-Uni | - | 0,68% | - | 0,68% |
| Corporate | - | 0,68% | - | 0,68% |
| Etats-Unis | 0,57% | - | - | 0,57% |
| Finance | 0,57% | - | - | 0,57% |
| Liquidités | 20,21% | 6,01% | 28,20% | 54,42% |