OVHaiLLM/Flipper huggingface dataset:
# Risk Country (% of asset)
Japan
21.68
France
14.31
Canada
12.23
Switzerland 
6.69
United States 
5.76
China 
5.28
Finland 
3.71
Great Britain 
3.52
Others
18.31
Cash 
8.50
0	5	10	15	20	25

Translation (ENIT, 2022-11-30):
# Rischio associato al paese (% del patrimonio)
Giappone
21.68
Francia
14.31
Canada
12.23
Svizzera 
6.69
Stati Uniti d'America 
5.76
Cine 
5.28
Finlandia 
3.71
Gran Bretagna 
3.52
Altro
18.31
Liquidità 
8.50
0	5	10	15	20	25
# Maturity profile (% of asset)	
150 days and more (incl. FRN's) 
10.27
120 to 150 days 
4.47
90 to 120 days 
6.18
44.53
30 to 90 days
48 hours to 30 days
26.21
Cash 
8.34
0	10	20	30	40	50

Translation (ENIT, 2022-11-30):
# Profilo di scadenza (% del patrimonio)	
150 giorni e + (incl. FRN) 
10.27
da 120 a 150 giorni 
4.47
da 90 a 120 giorni 
6.18
44.53
da 30 a 90 giorni
da 48 ore a 30 giorni
26.21
Liquidità 
8.34
0	10	20	30	40	50
# Instruments breakdown (% of asset)	
Commercial Papers
47.14
Certificate of Deposit
24.82
Bonds 
12.87
Cash deposits 
8.50
T-bill 
6.51
Covered Bonds
0.17
0	10	20	30	40	50
Source: Pictet Asset Management

Translation (ENIT, 2022-11-30):
# Ripartizione degli strumenti (% degli attivi)	
Carte commerciali
47.14
Certificato di deposito
24.82
Obbligazioni 
12.87
Depositi in contanti 
8.50
T-bill 
6.51
Obbligazioni coperte
0.17
0	10	20	30	40	50
Fonte: Pictet Asset Management
# Portfolio Breakdown
Top 10 Holdings (% of asset)
Hca Healthcare Inc5.20
Dbs Group Holdings Ltd4.45
Republic Services Inc4.14
Cms Energy Corp4.14
Microsoft Corp4.14
Legrand Sa3.66
Bank Rakyat Indonesia Perser3.62
Intuit Inc3.57
Aia Group Ltd3.49
Asml Holding Nv3.08
Sector breakdown (% of asset)	
Industrials
20.64
Information Technology
19.62
Financials
15.88
Health Care
13.35
Utilities 
7.50
Materials 
5.16
Communication Services 
4.83
Consumer Staples 
4.67
Consumer Discretionary 
3.61
Other 
2.81
Cash 
1.94
0	5	10	15	20	25

Translation (ENIT, 2022-11-30):
# Composizione del portafoglio
10 posizioni principali (% del patrimonio)
Hca Healthcare Inc5.20
Dbs Group Holdings Ltd4.45
Republic Services Inc4.14
Cms Energy Corp4.14
Microsoft Corp4.14
Legrand Sa3.66
Bank Rakyat Indonesia Perser3.62
Intuit Inc3.57
Aia Group Ltd3.49
Asml Holding Nv3.08
Ripartizione settoriale (% del patrimonio)	

#### Industriali
20.64

#### IT
19.62

#### Finanziari
15.88

#### Salute
13.35

#### Utilities 
7.50

#### Materie prime 
5.16

#### Servizi di comunicazione 
4.83

#### Beni di prima necessità 
4.67

#### Beni di consumo durevoli 
3.61

#### Altri 
2.81

#### Liquidità 
1.94

#### 0	5	10	15	20	25
# Risk Country (% of asset)
United States
59.88
Hong Kong 
4.69
Singapore 
4.45
India 
4.26
France 
3.66
Indonesia 
3.62
Japan 
3.53
Netherlands 
3.08
Ireland 
3.03
Others 
7.86
Cash 
1.94
0	10	20	30	40	50	60
Source: Pictet Asset Management

Translation (ENIT, 2022-11-30):
# Rischio associato al paese (% del patrimonio)
#### Stati Uniti d'America
59.88

#### Hong Kong 
4.69

#### Singapore 
4.45

#### India 
4.26

#### Francia 
3.66

#### Indonesia 
3.62

#### Giappone 
3.53

#### Olanda 
3.08

#### Irlanda 
3.03

#### Altro 
7.86

#### Liquidità 
1.94

#### 0	10	20	30	40	50	60

#### Fonte: Pictet Asset Management
#### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	1.23
Beta	1.00
Annualised volatility (%)	20.38
Information Ratio	0.12
Sharpe Ratio	0.43
Correlation	0.88
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	1.23
Beta	1.00
Volatilità annualizzata (%)	20.38
Information ratio	0.12
Indice di Sharpe	0.43
Correlazione	0.88
Fonte: Pictet Asset Management
## Portfolio characteristics
AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	-6.20
Beta	1.05
Annualised volatility (%)	21.31
Information Ratio	-0.84
Sharpe Ratio	0.00
Correlation	0.94
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
## Caratteristiche del portafoglio
A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	-6.20
Beta	1.05
Volatilità annualizzata (%)	21.31
Information ratio	-0.84
Indice di Sharpe	0.00
Correlazione	0.94
Fonte: Pictet Asset Management
# General information
Typically higher reward
factors. Used for portfolio composition, risk monitoring, performance objective and performance measurement.

### PORTFOLIO ASSETS
The Compartment mainly invests in a broad range of corporate bonds, including convertible bonds, that are mostly denominated in euro (EUR).
The Compartment invests worldwide, and can invest across any sector and credit quality. The Compartment may also invest in money market instruments.

### INVESTMENT PROCESS
In actively managing the Compartment, the investment manager uses a combination of
to decrease the weight of securities with high sustainability risks, subject to good governance practices. Activities that adversely affect society or the environment are also avoided. Voting rights are methodically exercised and there may be engagement with companies to positively influence ESG practices. For further information, please refer to our exclusion framework in the Responsible Investment policy*, SFDR product category Article 8. The performance of the Compartment is likely to be somewhat similar
to that of the benchmark even though the Investment Manager has discretion to deviate from its securities and weightings.
Legal form	Sub-fund of a SICAV Regulatory status		UCITS
Domicile	Luxembourg
Inception date08.03.2011
Launch date08.03.2011
Share class currency	EUR
Compartment currency		EUR Dividend	Distributed
ISIN	LU0592907975
Bloomberg	PICBRDM LX
Reference index		
Bloomberg Euro- Aggregate Corporate
Order deadline	T CET 15:00
Billing date	Order date + 1
Settlement date (subscription)
T+3

Translation (ENIT, 2022-11-30):
# Informazioni di carattere generale
Forma giuridica	Comparto di una SICAV
Status normativo	OICVM
Domicilio	Lussemburgo
Data di inizio08.03.2011
Data di lancio08.03.2011
Valuta della categoria di azioni	EUR
Valuta del comparto	EUR
Dividendo	Distribuito
ISIN	LU0592907975
Bloomberg	PICBRDM LX
Indice di riferimento		
Bloomberg Euro- Aggregate Corporate

### PROCESSO D'INVESTIMENTO
Nella gestione attiva del Comparto, il gestore
misura quelle del benchmark benché il Gestore
degli investimenti possa scostarsi a propria
Termine ultimo dell’ordine
T CET 15:00
degli investimenti utilizza una combinazione di
discrezione dai titoli e dalle ponderazioni di
Data di fatturazione	Data ordine + 1
analisi di mercato ed emittenti per costruire
quest’ultimo.
Data di regolamento (sottoscrizione)
T+3
#### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	3.38
Beta	1.12
Annualised volatility (%)	22.60
Information Ratio	0.41
Sharpe Ratio	0.53
Correlation	0.89
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	3.38
Beta	1.12
Volatilità annualizzata (%)	22.60
Information ratio	0.41
Indice di Sharpe	0.53
Correlazione	0.89
Fonte: Pictet Asset Management
# Risk category SRI2
### JP Morgan EMU Government	best risk-adjusted returns relative to	

### Bond Investment Grade 1-3 Years (EUR). Used for risk monitoring, performance objective and performance measurement.

### PORTFOLIO ASSETS

### The Compartment mainly invests in short- and medium-term bonds (whose prices are less sensitive to changes in interest rates) that are mostly denominated in euro (EUR).

### The Compartment can invest across any sector and credit quality. The Compartment may also invest in money market instruments.
the benchmark. The Compartment's management approach uses strict risk controls. The investment manager may invest in issuers with any environmental, social, and governance (ESG) profile. It may engage with issuers in order to positively influence ESG practices, SFDR product category Article 6. The performance of the Compartment is likely to be somewhat similar to that of the benchmark even though the Investment Manager has

### discretion to deviate from its securities and weightings.

###   1  
2 

###   3	4	5	6	7 

### Lower risk	Higher risk

Translation (ENIT, 2023-07-31):
# Categoria di rischio SRI2
### INDICE DI RIFERIMENTO	rispetto al benchmark. L'approccio	

### JP Morgan EMU Government Bond Investment Grade 1-3 Years (EUR). Utilizzato per monitoraggio del rischio,

### alla gestione del Comparto mantiene uno stretto controllo sul rischio.

### Il gestore degli investimenti può

###   1  
2 

###   3	4	5	6	7 

### obiettivo di performance e misurazione della performance.

### ATTIVI DEL PORTAFOGLIO

### Il Comparto investe principalmente in obbligazioni a breve e medio

### termine (i cui prezzi sono meno
comunque investire in emittenti con qualsiasi profilo ambientale, sociale e di governance (ESG). Può impegnarsi con gli emittenti per influire positivamente sulle prassi ESG, SFDR categoria di prodotto Articolo 6. Le prestazioni

### Rischio più basso
| PORTFOLIO BREAKDOWN |  |
| --- | --- |
| Top 10 Bonds (% of asset) |
| Bots Zero% 30.11.2023 Uns | 9.67 |
| Spanish Gov'T 2.8% 31.05.2026 Sr | 9.13 |
| German T-Bill Zero% 20.03.2024 Uns | 7.66 |
| Btps 3.8% 15.04.2026 Sr | 5.98 |
| German T-Bill Zero% 21.02.2024 Uns | 5.76 |
| Btps 3.8% 01.08.2028 Sr | 4.77 |
| German T-Bill Zero% 17.07.2024 Uns | 4.54 |
| European Union 2.75% 05.10.2026 Sr | 3.66 |
| German T-Bill Zero% 19.06.2024 Uns | 3.42 |
| European Union 0.5% 04.04.2025 'Emtn' Sr | 3.17 |
| Risk Country (% of asset) |  |

Translation (ENIT, 2023-07-31):
| COMPOSIZIONE DEL PORTAFOGLIO |  |
| --- | --- |
| Top 10 Obbligazioni (% del patrimonio) |
| Bots Zero% 30.11.2023 Uns | 9.67 |
| Spanish Gov'T 2.8% 31.05.2026 Sr | 9.13 |
| German T-Bill Zero% 20.03.2024 Uns | 7.66 |
| Btps 3.8% 15.04.2026 Sr | 5.98 |
| German T-Bill Zero% 21.02.2024 Uns | 5.76 |
| Btps 3.8% 01.08.2028 Sr | 4.77 |
| German T-Bill Zero% 17.07.2024 Uns | 4.54 |
| European Union 2.75% 05.10.2026 Sr | 3.66 |
| German T-Bill Zero% 19.06.2024 Uns | 3.42 |
| European Union 0.5% 04.04.2025 'Emtn' Sr | 3.17 |
| Rischio associato al paese (% del patrimonio) |  |
## Portfolio characteristics
AS AT END OF JANUARY 2023 (OVER 1 YEAR(S))
Alpha	-0.04
Beta	1.04
Annualised volatility (%)	25.22
Information Ratio	-0.03
Sharpe Ratio	-0.37
Correlation	0.84
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
## Caratteristiche del portafoglio
A FINE GENNAIO 2023 (SUPERIORE A 1 ANNO(I))
Alfa	-0.04
Beta	1.04
Volatilità annualizzata (%)	25.22
Information ratio	-0.03
Indice di Sharpe	-0.37
Correlazione	0.84
Fonte: Pictet Asset Management
# Ratings breakdown (% of asset)
79.15

#### AAA
|  |
| --- |
| Cp Kingdom Netherl Zero % 17.01.2023	5.00	 AA 16.45 |
|  |
| Eu Bill Zero% 09.12.2022 Uns | 4.89 |  | NR (incl. cash & eq.) | 4.40 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Canada T-Bill Zero% 19.01.2023 Uns | 4.79 |  | 0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 |
| Denmark T-Bill Zero% 01.12.2022 Uns | 4.11 |  |
| Canada T-Bill Zero% 08.12.2022 Uns | 3.94 |
| Swedish T-Bill Zero% 18.01.2023 Uns | 3.89 |
| Eu Bill Zero% 06.01.2023 Uns | 3.66 |
| Canada T-Bill Zero% 02.02.2023 Uns | 3.48 |

16.61

Translation (ENIT, 2022-11-30):
# Ripartizione dei rating (% del patrimonio)
79.15
AAA
|  |
| --- |
| Cp Kingdom Netherl Zero % 17.01.2023	5.00	 AA 16.45 |
|  |
| Eu Bill Zero% 09.12.2022 Uns | 4.89 |  | NC (Incl. cash & eq.) | 4.40 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |
| Canada T-Bill Zero% 19.01.2023 Uns | 4.79 |  | 0 | 10 | 20 | 30 | 40 | 50 | 60 | 70 | 80 |
| Denmark T-Bill Zero% 01.12.2022 Uns | 4.11 |  |
| Canada T-Bill Zero% 08.12.2022 Uns | 3.94 |
| Swedish T-Bill Zero% 18.01.2023 Uns | 3.89 |
| Eu Bill Zero% 06.01.2023 Uns | 3.66 |
| Canada T-Bill Zero% 02.02.2023 Uns | 3.48 |

16.61
# Risk Country (% of asset)
#### Germany Canada Supranationals
15.20
15.50

#### Netherlands
14.64

#### Denmark
12.37

#### Australia
9.43

#### Switzerland 
5.60

#### Sweden 
3.89

#### Others 
2.37

#### Cash 
4.40

#### 0	2	4	6	8	10	12	14	16	18

Translation (ENIT, 2022-11-30):
# Rischio associato al paese (% del patrimonio)
Germania Canada Supranationals
15.20
15.50
Olanda
14.64
Danimarca
12.37
Australia
9.43
Svizzera 
5.60
Svezia 
3.89
Altro 
2.37
Liquidità 
4.40
0	2	4	6	8	10	12	14	16	18
# Investment overview
## OBJECTIVE

## To increase the value of your investment, through income and investment growth.

## to build a diversified portfolio of securities it believes offer the best risk-adjusted returns relative to the benchmark. The Compartment's management approach uses strict risk

Translation (ENIT, 2022-11-30):
# Panoramica dell’investimento
## INDICE DI RIFERIMENTO

## JP Morgan CEMBI Broad Diversified 1-3 Years (USD), un indice che non tiene conto di fattori ambientali, sociali

## strategia, adottando un approccio orientato che mira a irrobustire il peso di titoli con bassi rischi di sostenibilità e/o ridurre il peso di quelli con rischi di sostenibilità
# Risk Country (% of asset)
## India 
10.62

## Mexico 
8.94

## Chile 
8.08

## Israel 
5.97

## South Africa 
5.96

## Brazil 
4.97

## Colombia 
4.58
41.17

## Others

## Cash 
9.71

## 0	5	10	15	20	25	30	35	40	45
| Source: Pictet Asset Management |  |
| --- | --- |
| Portfolio characteristics |
| AS AT END OF NOVEMBER 2022 (OVER 1 YEAR(S)) |
| Annualised volatility (%) | 5.35 |
| Average coupon (%) | 4.72 |
| Average bond yield (%) | 7.34 |
| Weighted avg. mod. duration (years) | 1.64 |
| Source: Pictet Asset Management |  |

Translation (ENIT, 2022-11-30):
# Rischio associato al paese (% del patrimonio)
## India 
10.62

## Messico 
8.94

## Cile 
8.08

## Israele 
5.97

## Sudafrica 
5.96

## Brasile 
4.97

## Colombia 
4.58

## Altro
41.17

## Liquidità 
9.71

## 0	5	10	15	20	25	30	35	40	45
| Fonte: Pictet Asset Management |  |
| --- | --- |
| Caratteristiche del portafoglio |
| A FINE NOVEMBRE 2022 (SUPERIORE A 1 ANNO(I)) |
| Volatilità annualizzata (%) | 5.35 |
| Cedola media (%) | 4.72 |
| Rendimento obbligazionario medio (%) | 7.34 |
| Duration modificata media ponderata (anni) | 1.64 |
| Fonte: Pictet Asset Management |  |
# Portfolio Breakdown
Top 10 Holdings (% of asset)
Tencent Holdings Ltd11.82
Alibaba Group Holding Ltd7.81
Meituan-Class B4.76
Jd.Com Inc - Cl A3.12
China Construction Bank-H2.97
Pinduoduo Inc-Adr2.13
Ping An Insurance Group Co-H1.99
Baidu Inc-Class A1.47
Ind & Comm Bk Of China-H1.46
Bank Of China Ltd-H1.45
Sector breakdown (% of asset)

Translation (ENIT, 2022-11-30):
# Composizione del portafoglio
10 posizioni principali (% del patrimonio)
Tencent Holdings Ltd11.82
Alibaba Group Holding Ltd7.81
Meituan-Class B4.76
Jd.Com Inc - Cl A3.12
China Construction Bank-H2.97
Pinduoduo Inc-Adr2.13
Ping An Insurance Group Co-H1.99
Baidu Inc-Class A1.47
Ind & Comm Bk Of China-H1.46
Bank Of China Ltd-H1.45
Ripartizione settoriale (% del patrimonio)
##### or redemption orders. Performance is shown based on the share class NAV per share (in the share class
currency) with dividends reinvested (for distributing share classes), including actual ongoing charges, and excluding subscription/redemption fees and taxes borne by the investor. Inflation was not taken into account. As a subscription fee calculation example, if an investor invests EUR 1000 in a fund with a subscription fee of 5%, he will pay to his financial intermediary EUR 47.62 on his investment amount, resulting with a subscribed amount of EUR 952.38 in fund shares. In addition, potential account keeping costs (by your custodian) may reduce the performance. Indices do not include fees or operating expenses and you cannot invest in them.
The decision to invest in the promoted fund should take into account all the characteristics or objectives of the promoted fund as described in its prospectus, or in the information which is to be disclosed to investors.

Translation (ENIT, 2022-11-30):
##### o di rimborso. Viene mostrata la performance basata sul suo NAV per azione (nella valuta della categoria di
azioni) con reinvestimento dei dividendi (per le categorie di azioni a distribuzione), includendo le spese correnti effettive ed escludendo le commissioni di sottoscrizione/ rimborso e le imposte a carico dell’investitore. Non si è tenuto conto dell’inflazione. A titolo esemplificativo del calcolo della commissione di sottoscrizione, impegnando una somma di 1000 EUR in un fondo che applica
una commissione di sottoscrizione del 5%, l’investitore pagherà al suo intermediario finanziario 47,62 EUR sulla somma investita e, di conseguenza, sottoscriverà le azioni del fondo per un importo di 952,38 EUR.
Inoltre, le potenziali spese di tenuta conto (applicate dal depositario) possono ridurre la performance. Negli indici non sono incluse le commissioni o spese operative, e non si può investire in un indice.
La decisione di investire nel fondo promosso dovrebbe tenere conto di tutte le sue caratteristiche o i i suoi obiettivi così come descritti nel prospetto informativo o nelle informazioni da comunicare agli investitori.
# Top 10 Bonds (% of asset)
### Societe Generale 4.125% 02.06.2027 Sr	1.26

### Linde Plc 3.625% 12.06.2034 Sr	1.17

### Kutxabank 4.75% 15.06.2027 Sr	1.16

### Relx Finance 0.5% 10.03.2028 Sr	1.06

### Aegon Nv 4% 25.04.2044 'Emtn' Sub	1.03

### Ubs Group 1.5% 30.11.2024 Sr	1.00

### Bpce 5.125% 25.01.2035 'Emtn' Sub	0.97

### Jpmorgan Chase 1.001% 25.07.2031 'Emtn' Sr	0.97

### Suez 4.625% 03.11.2028 'Emtn' Sr	0.95

### Volkswagen Intfn 3.375% Perpetual Jr	0.92
Risk Country (% of asset)

### United States

### France Germany Great Britain Netherlands Switzerland

### Spain Luxembourg

### Others

### Cash

### 0	5	10	15	20

### Source: Pictet Asset Management

Translation (ENIT, 2023-07-31):
# Top 10 Obbligazioni (% del patrimonio)
### Societe Generale 4.125% 02.06.2027 Sr	1.26

### Linde Plc 3.625% 12.06.2034 Sr	1.17

### Kutxabank 4.75% 15.06.2027 Sr	1.16

### Relx Finance 0.5% 10.03.2028 Sr	1.06

### Aegon Nv 4% 25.04.2044 'Emtn' Sub	1.03

### Ubs Group 1.5% 30.11.2024 Sr	1.00

### Bpce 5.125% 25.01.2035 'Emtn' Sub	0.97

### Jpmorgan Chase 1.001% 25.07.2031 'Emtn' Sr	0.97

### Suez 4.625% 03.11.2028 'Emtn' Sr	0.95

### Volkswagen Intfn 3.375% Perpetual Jr	0.92
Rischio associato al paese (% del patrimonio)

### Stati Uniti d'America

### Francia Germania Gran Bretagna

### Olanda Svizzera Spagna Lussemburgo

### Altro

### Liquidità

### 0	5	10	15	20

### Fonte: Pictet Asset Management
## Corporate governance (by weight, in %)
Robust Average
Weak 
0	5	10	15	20	25	30	35
Not applicable: portfolio 6.35% / reference index 0.00% Not covered: portfolio 39.74% / reference index 36.38%
Source: Pictet Asset Management, ISS, January 2023

Translation (ENIT, 2023-01-31):
## Governo societario (in peso, in %)
Robusto Medio
Scarso 
0	5	10	15	20	25	30	35
Non applicabile: % del portafoglio 6.35 / % dell’indice di riferimento 0.00 Non coperto: % del portafoglio 39.74 / % dell’indice di riferimento 36.38
Fonte: Pictet Asset Management, ISS, gennaio 2023
## Controversial events (by weight, in %)
None Low Moderate
Significant 
High Severe
0	5	10	15	20	25	30
Portfolio Reference index
Not applicable: portfolio 6.35% / reference index 0.00% Not covered: portfolio 6.38% / reference index 5.66%
Source: Pictet Asset Management, Sustainalytics, January 2023

Translation (ENIT, 2023-01-31):
## Eventi controversi (per peso, in %)
Nessuno Basso Moderato
Significativo 
Elevato Grave
0	5	10	15	20	25	30
Portafoglio  Indice di riferimento
Non applicabile: % del portafoglio 6.35 / % dell’indice di riferimento 0.00 Non coperto: % del portafoglio 6.38 / % dell’indice di riferimento 5.66
Fonte: Pictet Asset Management, Sustainalytics, gennaio 2023
# Portfolio characteristics
AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	-9.38
Beta	1.01
Annualised volatility (%)	21.98
Information Ratio	-1.36
Sharpe Ratio	-0.17
Correlation	0.95
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
## Caratteristiche del portafoglio
A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	-9.38
Beta	1.01
Volatilità annualizzata (%)	21.98
Information ratio	-1.36
Indice di Sharpe	-0.17
Correlazione	0.95
Fonte: Pictet Asset Management
# Maturity profile (% of asset)
### more than 10 years
29.09

### 7 to 10 years	
10.94

### 5 to 7 years
27.29

### 3 to 5 years	
16.12

### 1 to 3 years
35.10

### < 1 year  
-18.57

### -20	-10	0	10	20	30	40

Translation (ENIT, 2022-11-30):
# Profilo di scadenza (% del patrimonio)
### 10 anni e +
29.09

### 7 - 10 anni	
10.94

### 5 - 7 anni
27.29

### 3 - 5 anni	
16.12

### 1 - 3 anni
35.10

### < 1 anno  
-18.57

### -20	-10	0	10	20	30	40
# Ratings breakdown (% of asset)
AAA 
8.39
AA
31.07
56.77
A
|  |
| --- |
| Aust & Nz Bank 3.7022% 14.06.2023 'Emtn' Sr	1.27	 NR (incl. cash & eq.) 3.77 |
|  |
| Cp Smbc Brussels Zero % 28.02.2023 | 1.23 |  | 0 |  | 10 | 20 | 30 | 40 | 50 | 60 |
| Royal Bk Canada 2.36% 05.12.2022 Sr | 1.20 |  |
| Japan T-Bill Zero% 13.02.2023 Sr | 1.15 |
| Bank Of Montreal 3.8380% 16.03.2023 'Emtn' Sr | 1.14 |
| Cd Toronto-Dom Bk Zero % 10.03.2023 | 1.12 |

Translation (ENIT, 2022-11-30):
# Ripartizione dei rating (% del patrimonio)
AAA 
8.39
AA
31.07
56.77
A
|  |
| --- |
|  |
| Aust & Nz Bank 3.7022% 14.06.2023 'Emtn' Sr	1.27	 NC (Incl. cash & eq.) 3.77 |
|  |
| Cp Smbc Brussels Zero % 28.02.2023 | 1.23 |  | 0 |  | 10 | 20 | 30 | 40 | 50 | 60 |
| Royal Bk Canada 2.36% 05.12.2022 Sr | 1.20 |  |
| Japan T-Bill Zero% 13.02.2023 Sr | 1.15 |
| Bank Of Montreal 3.8380% 16.03.2023 'Emtn' Sr | 1.14 |
| Cd Toronto-Dom Bk Zero % 10.03.2023 | 1.12 |
# Maturity profile (% of asset)	
150 days and more (incl. FRN's)
21.41
120 to 150 days 
3.92
90 to 120 days
17.77
28.07
30 to 90 days
48 hours to 30 days
21.94
Cash 
6.89
0	5	10	15	20	25	30

Translation (ENIT, 2022-11-30):
# Profilo di scadenza (% del patrimonio)	
150 giorni e + (incl. FRN)
21.41
da 120 a 150 giorni 
3.92
da 90 a 120 giorni
17.77
28.07
da 30 a 90 giorni
da 48 ore a 30 giorni
21.94
Liquidità 
6.89
0	5	10	15	20	25	30
# Economic sector (% of asset)
Financial (senior)
70.67
Government 
10.40
Quasi-Sovereign 
5.91
Sovereign 
4.07
Cash 
3.48
Basic Industries 
1.65
Consumer Noncyclicals 
1.33
Consumer Cyclicals	
0.89
Automobile  
0.69
Other  
0.58
Transportation 
0.34
0	10	20	30	40	50	60	70	80

Translation (ENIT, 2022-11-30):
# Settore economico (% degli attivi)
Finanziari (senior)
70.67
Titoli di Stato 
10.40
Quasi sovrani 
5.91
Sovrani 
4.07
Liquidità 
3.48
Industrie di base 
1.65 
Consumi non ciclici 
1.33 
Consumi ciclici
0.89
Auto
0.69
Altro
0.58
Mezzo di trasporto
0.34
0	10	20	30	40	50	60	70	80
# Instruments breakdown (% of asset)	
Commercial Papers
37.13
Certificate of Deposit
25.89
Floating Rate Note 
12.04
Bonds 
10.76
T-bill 
10.40
Cash deposits 
3.48
Covered Bonds
0.31
0	5	10	15	20	25	30	35	40
Source: Pictet Asset Management
AS AT END OF NOVEMBER 2022 (OVER 3 YEARS)
Annualised volatility (%)0.31
Number of positions168
Source: Pictet Asset Management

Translation (ENIT, 2022-11-30):
# Ripartizione degli strumenti (% degli attivi)	
Carte commerciali
37.13
Certificato di deposito
25.89
Titolo a tasso variabile 
12.04
Obbligazioni 
10.76
T-bill 
10.40
Depositi in contanti 
3.48
Obbligazioni coperte
0.31
0	5	10	15	20	25	30	35	40
Fonte: Pictet Asset Management
A FINE NOVEMBRE 2022 (SUPERIORE A 3 ANNI)
Volatilità annualizzata (%)0.31
Numero di posizioni168
Fonte: Pictet Asset Management
# Portfolio Breakdown
Top 10 Holdings (% of asset)
Bhp Group Ltd-Di8.40
Commonwealth Bank Of Austral6.68
Aia Group Ltd6.53
Csl Ltd5.26
National Australia Bank Ltd3.64
Westpac Banking Corp3.03
Aust And Nz Banking Group2.70
Woodside Energy Group Ltd2.58
Hong Kong Exchanges & Clear2.57
Dbs Group Holdings Ltd2.53
Sector breakdown (% of asset)	
Financials
38.29
Materials 
15.54
Real Estate 
10.06
Industrials 
7.49
Health Care 
7.37
Consumer Discretionary 
4.76
Other 
4.64
Energy 
4.00
Consumer Staples 
3.99
Communication Services 
3.80
Cash  
0.07
0	5	10	15	20	25	30	35	40

Translation (ENIT, 2022-11-30):
# Composizione del portafoglio
10 posizioni principali (% del patrimonio)
Bhp Group Ltd-Di8.40
Commonwealth Bank Of Austral6.68
Aia Group Ltd6.53
Csl Ltd5.26
National Australia Bank Ltd3.64
Westpac Banking Corp3.03
Aust And Nz Banking Group2.70
Woodside Energy Group Ltd2.58
Hong Kong Exchanges & Clear2.57
Dbs Group Holdings Ltd2.53
Ripartizione settoriale (% del patrimonio)	
Finanziari
38.29
Materie prime 
15.54
Settore immobiliare 
10.06
Industriali 
7.49
Salute 
7.37
Beni di consumo durevoli 
4.76
Altri 
4.64
Energia 
4.00
Beni di prima necessità 
3.99
Servizi di comunicazione 
3.80
Liquidità  
0.07
0	5	10	15	20	25	30	35	40