# Asset allocation
Credit exposure by rating	Credit exposure by expected life
| Asset allocation, continued |  |
| --- | --- |
| Asset type |  | Top 10 holdings |  |
|  | Weight % | Name | % of Fund |
| Agency | 7.90 | GRMML 2019-1A A1TS FRN 2031-07-20 | 1.3 |
| Adjustable Rate | 0.05 | CCCIT 2018-A6 A6 3.21% 2024-12-07 | 1.3 |
| RMBS Agency IO ARM | 0.05 | PNMSR 2018-FT1 A FRN 2023-04-25 | 1.2 |
| Fixed Rate | 7.61 | PNMSR 2018-GT1 A FRN 2023-02-25 | 1.1 |
| CMBS Agency IO | 7.30 | FHMS K-1515 X1 FRN 2035-02-25 | 1.1 |
| RMBS Agency IO | 0.31 | ATRM 12A AR FRN 2027-04-22 | 1.0 |
| Inverse Floating Rate | 0.24 | WARES 2022-1 A1 FRN 2056-12-24 | 0.9 |
| RMBS Agency IIO | 0.06 | FMMHR 2015-R1 XA1 FRN 2055-11-25 | 0.9 |
| RMBS Agency Inverse | 0.10 | ERLS 2019-NPL1 A FRN 2054-07-24 | 0.9 |
| RMBS Agency TTIB | 0.07 | FINANCE OF AMERICA STRUCTURED SECURITIES TRUST FASST | 0.9 |
| RMBS Agency TTIB IO Non Agency | 0.01 75.19 | Total | 10.3 |
| Adjustable Rate | 14.08 |
| RMBS Non-Agency ARM | 14.08 |
| Fixed Rate | 22.89 |
| ABS | 3.58 |
| CMBS Project Finance | 0.45 |
| RMBS Fixed Rate | 18.56 |
| RMBS Non-Agency IO | 0.30 |
| Floating Rate | 38.20 |
| ABS | 5.03 |
| ABS Student Loans | 0.85 |
| CLO | 4.46 |
| CMBS Floating Rate | 1.22 |
| CMBS Small Balance Commercial | 5.80 |
| RMBS Non-Agency Floater | 20.84 |
| Inverse Floating Rate | 0.02 |
| RMBS Non-Agency Inverse | 0.02 |
| Interest Rate - Hedge | 0.84 |
| Ccy Exposure - Hedge | 0.08 |
| Cash | 15.99 |
| Total | 100.00 |

Translation (ENIT, 2022-04-30):
# Allocazione di portafoglio
Esposizione di credito per rating	Esposizione di credito per durata attesa
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| Allocazione di portafoglio, segue |  |
| --- | --- |
| Tipo di attivo |  | 10 principali posizioni |  |
|  | Ponderazione | Nome | % del fondo |
| Agency | 7.90 | GRMML 2019-1A A1TS FRN 2031-07-20 | 1.3 |
| Adjustable Rate | 0.05 | CCCIT 2018-A6 A6 3.21% 2024-12-07 | 1.3 |
| RMBS Agency IO ARM | 0.05 | PNMSR 2018-FT1 A FRN 2023-04-25 | 1.2 |
| Fixed Rate | 7.61 | PNMSR 2018-GT1 A FRN 2023-02-25 | 1.1 |
| CMBS Agency IO | 7.30 | FHMS K-1515 X1 FRN 2035-02-25 | 1.1 |
| RMBS Agency IO | 0.31 | ATRM 12A AR FRN 2027-04-22 | 1.0 |
| Inverse Floating Rate | 0.24 | WARES 2022-1 A1 FRN 2056-12-24 | 0.9 |
| RMBS Agency IIO | 0.06 | FMMHR 2015-R1 XA1 FRN 2055-11-25 | 0.9 |
| RMBS Agency Inverse | 0.10 | ERLS 2019-NPL1 A FRN 2054-07-24 | 0.9 |
| RMBS Agency TTIB | 0.07 | FINANCE OF AMERICA STRUCTURED SECURITIES TRUST FASST | 0.9 |
| RMBS Agency TTIB IO Non Agency | 0.01 75.19 | Total | 10.3 |
| Adjustable Rate | 14.08 |
| RMBS Non-Agency ARM | 14.08 |
| Fixed Rate | 22.89 |
| ABS | 3.58 |
| CMBS Project Finance | 0.45 |
| RMBS a tasso fisso | 18.56 |
| RMBS Non-Agency IO | 0.30 |
| Floating Rate | 38.20 |
| ABS | 5.03 |
| Prestiti agli studenti ABS | 0.85 |
| CLO | 4.46 |
| CMBS Floating Rate | 1.22 |
| CMBS Small Balance Commercial | 5.80 |
| RMBS Non-Agency tasso variabile | 20.84 |
| Inverse Floating Rate | 0.02 |
| RMBS Non-Agency Inverse | 0.02 |
| Interest Rate - Hedge | 0.84 |
| Ccy Exposure - Hedge | 0.08 |
| Cash | 15.99 |
| Total | 100.00 |