# Portfolio Structure ⁶
Sector Breakdown (%)
| SOCIETE GENERALE 144A VAR 21.01.2026 | 2.27 |
| --- | --- |
| MIZUHO FINANCIAL GROUP VAR 22.05.2026 | 2.26 |
| HUNTINGTON NATIONAL BANK VAR 16.05.2025 | 2.08 |
| WARNERMEDIA HOLDINGS INC 144A VAR 15.03.2024 | 2.04 |
| CREDIT SUISSE GROUP AG EMTN VAR 16.01.2026 | 2.02 |
| GA GLOBAL FUNDING TRUST 144A VAR 11.04.2025 | 2.01 |
| VERIZON COMMUNICATIONS VAR 20.03.2026 | 2.01 |
| UBS GROUP AG 144A VAR 12.05.2026 | 1.92 |
| GENERAL MOTORS FINL CO VAR 07.04.2025 | 1.82 |
| NEXTERA ENERGY CAPITAL VAR 21.03.2024 | 1.78 |
| Total	20.21 |

Top 10 Holdings (%)
Corporate Securitized
0.0
0.0
7.2
86.8
Emerging Markets Governments
Others Cash
-0.5
4.1
0.0
1.9
0.5
0.0
0.0
100.0
-25	0	25	50	75	100
n
Fund 
n
Benchmark
Rating Breakdown (%) ⁷
Country/Location Breakdown (%)
| AAA AA | 5.4 6.3 0.0 |  |  | 100.0 | USA United Kingdom France | 7.3 |  |  |  | 43.7 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A BBB | 0.0 0.0 | 43.2 34.6 |  |  | Switzerland, Scandinavia Ireland Germany | 5.5 4.6 |  |  |  |  |
| BB B | 6.8 0.0 0.8 0.0 |  |  |  | Japan Spain Netherl., Belg., Austria | 4.1 3.5 3.1 |  |  |  |  |
| Others | 3.4 0.0 |  |  |  | Italy | 1.6 |  |  |  |  |
| Cash	 -0.5 | 0.0 |  |  |  | Lux., Offshore Domiciles Austral., Can., N.Zeald. | 0.6 6.1 |  |  |  |  |
|  |  |  |  |  | Emerging Markets | 4.1 |  |  |  |  |
|  |  |  |  |  | Other Developed | 4.6 |  |  |  |  |
|  |  |  |  |  | Cash, Other, NA | 0.4 |  |  |  |  |
| -25 | 0	25 | 50 | 75 | 100 |  | 0	10 | 20 | 30 | 40 |   50  |
| n Fund | n Benchmark |  |  |  |  | n Fund |  |  |  |  |

Translation (ENIT, 2023-02-28):
# Struttura del fondo ⁷
Struttura del fondo per settori in %
Titoli corporate Titoli garantiti Mercati Emergenti Titoli governativi
Altro Liquidità
| -25 |  | 25 | 50 | 75 | 100 |
| --- | --- | --- | --- | --- | --- |
| n Fondo |  | n Benchmark |  |  |  |

Per solvibilità in % ⁸
100,0
10 titoli principali in %
| SOCIETE GENERALE 144A VAR 21.01.2026 | 2,27 |
| --- | --- |
| MIZUHO FINANCIAL GROUP VAR 22.05.2026 | 2,26 |
| HUNTINGTON NATIONAL BANK VAR 16.05.2025 | 2,08 |
| WARNERMEDIA HOLDINGS INC 144A VAR 15.03.2024 | 2,04 |
| CREDIT SUISSE GROUP AG EMTN VAR 16.01.2026 | 2,02 |
| GA GLOBAL FUNDING TRUST 144A VAR 11.04.2025 | 2,01 |
| VERIZON COMMUNICATIONS VAR 20.03.2026 | 2,01 |
| UBS GROUP AG 144A VAR 12.05.2026 | 1,92 |
| GENERAL MOTORS FINL CO VAR 07.04.2025 | 1,82 |
| NEXTERA ENERGY CAPITAL VAR 21.03.2024 | 1,78 |
| Totale	20,21 |

Per paesi/sedi in %
| AAA AA |  | 5,4 6,3 0,0 |  | 100,0 | Stati Uniti d'America Regno Unito Francia | 7,3 | 43,7 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| A BBB |  | 0,0 0,0 | 43,2 34,6 |  | Svizzera, Scandinavia Irlanda Germania | 5,5 4,6 |  |
| BB B |  | 6,8 0,0 0,8 0,0 |  |  | Giappone Spagna P. Bassi, Belgio, Austria | 4,1 3,5 3,1 |  |
| Non specificato |  | 3,4 0,0 |  |  | Italia | 1,6 |  |
| Cash | -0,5 | 0,0 |  |  | Luss., Domicili Offshore Austral., Can., N.Zelan. | 0,6 6,1 |  |
|  |  |  |  |  | Mercati Emergenti | 4,1 |  |
|  |  |  |  |  | Altri Paesi Sviluppati | 4,6 |  |
|  |  |  |  |  | Liquidità, Altro, ND | 0,4 |  |

5,5
5,2
-25	0	25	50	75	100
n
Fondo 
n
Benchmark
0	10	20	30	40	 50 
n
Fondo