# Portfolio Structure ⁶
Duration Breakdown (%) (weighted by market value)
Top 10 Holdings (%)
0 - 1 Year
1 - 3 Years
3 - 5 Years
5 - 7 Years
7 - 10 Years
> 10 Years
0.8
1.3
0.0
0.2
4.6
6.4
9.3
21.8
24.6
38.5
46.4
| FRANCE (GOVT OF) FIX 2.250% 25.05.2024 | 4.76 |
| --- | --- |
| GERMAN TREASURY BILL ZERO 17.05.2023 | 3.98 |
| PERNOD RICARD SA FIX 0.000% 24.10.2023 | 2.24 |
| DEUTSCHE TELEKOM INT FIN EMTN FIX 0.625% 03.04.2023 | 1.84 |
| VEOLIA ENVIRONNEMENT SA EMTN FIX 0.892% 14.01.2024 | 1.79 |
| MERCK FIN SERVICES GMBH EMTN FIX 0.005% 15.12.2023 | 1.78 |
| TELEFONICA EUROPE BV PERP FIX TO FLOAT 5.875% 31.03.2198 | 1.56 |
| AVANTOR FUNDING INC REGS FIX 2.625% 01.11.2025 | 1.50 |
| ELIS SA EMTN FIX 1.000% 03.04.2025 | 1.46 |
| RENAULT SA EMTN FIX 2.375% 25.05.2026 | 1.46 |
| Total	22.37 |

46.2
0	10	20	30	40	50
n
Fund 
n
Benchmark
Rating Breakdown (%) (weighted by market value) ⁷
Country/Location Breakdown (%) (weighted by market value)
| AAA AA |  | 4.0 0.0 4.8 0.0 |  |  |  |  | France Germany Spain |  | 9.8 | 13.9 | 32.0 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A |  | 2.7 0.0 |  |  |  |  | Italy | 6.4 |  |  |  |
| BBB BB |  | 8.9 1.5 |  |  | 51.3 | 66.3 | Netherl., Belg., Austria Switzerland, Scandinavia United Kingdom | 4.3 3.4 2.9 |  |  |  |
| B |  |  | 23.3 | 31.8 |  |  | Portugal | 1.5 |  |  |  |
| Others Cash | -0.2 | 0.4 5.2 0.0 |  |  |  |  | Ireland Eastern Europe Developed Emerging Markets Developed ex Europe | 0.5 1.0 |  | 15.2 |  |
|  |  |  |  |  |  |  | Lux., Offshore Domiciles | 2.3 |  |  |  |
|  |  |  |  |  |  |  | Cash, Other, NA | 5.1 |  |  |  |

1.7
-15	0	15	30	45	60	75
n
Fund 
n
Benchmark
0	10	20	30	40
n
Fund

Translation (ENIT, 2023-02-28):
# Struttura del fondo ⁸
Per duration in % (ponderato in funzione del valore di mercato)
10 titoli principali in %
0 - 1 Anno
1 - 3 Anni
3 - 5 Anni
5 - 7 Anni
7 - 10 Anni
> 10 Anni
0,8
1,3
0,0
0,2
4,6
6,4
9,3
21,8
24,6
38,5
46,4
| FRANCE (GOVT OF) FIX 2.250% 25.05.2024 | 4,76 |
| --- | --- |
| GERMAN TREASURY BILL ZERO 17.05.2023 | 3,98 |
| PERNOD RICARD SA FIX 0.000% 24.10.2023 | 2,24 |
| DEUTSCHE TELEKOM INT FIN EMTN FIX 0.625% 03.04.2023 | 1,84 |
| VEOLIA ENVIRONNEMENT SA EMTN FIX 0.892% 14.01.2024 | 1,79 |
| MERCK FIN SERVICES GMBH EMTN FIX 0.005% 15.12.2023 | 1,78 |
| TELEFONICA EUROPE BV PERP FIX TO FLOAT 5.875% 31.03.2198 | 1,56 |
| AVANTOR FUNDING INC REGS FIX 2.625% 01.11.2025 | 1,50 |
| ELIS SA EMTN FIX 1.000% 03.04.2025 | 1,46 |
| RENAULT SA EMTN FIX 2.375% 25.05.2026 | 1,46 |
| Totale	22,37 |

46,2
0	10	20	30	40	50
n
Fondo  
n
Benchmark
Per solvibilità in % (ponderato in funzione del valore di mercato) ⁹
Per paesi/sedi in % (ponderato in funzione del valore di mercato)
| AAA AA |  | 4,0 0,0 4,8 0,0 |  |  |  |  | Francia Germania Spagna |  | 9,8 | 13,9 | 32,0 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A |  | 2,7 0,0 |  |  |  |  | Italia | 6,4 |  |  |  |
| BBB BB |  | 8,9 1,5 |  |  | 51,3 | 66,3 | P. Bassi, Belgio, Austria Svizzera, Scandinavia Regno Unito | 4,3 3,4 2,9 |  |  |  |
| B |  |  | 23,3 | 31,8 |  |  | Portogallo | 1,5 |  |  |  |
| Non specificato Cash | -0,2 | 0,4 5,2 0,0 |  |  |  |  | Irlanda Europa Est Sviluppata Mercati Emergenti Sviluppati esclusa Europa | 0,5 1,0 |  | 15,2 |  |
|  |  |  |  |  |  |  | Luss., Domicili Offshore | 2,3 |  |  |  |
|  |  |  |  |  |  |  | Liquidità, Altro, ND | 5,1 |  |  |  |

1,7
-15	0	15	30	45	60	75
n
Fondo  
n
Benchmark
0	10	20	30	40
n
Fondo