OVHaiLLM/Flipper huggingface dataset:
# General information
Typically higher reward
and governance (ESG) factors. Used for risk monitoring, performance objective, performance measurement and portfolio composition.

### PORTFOLIO ASSETS
The Compartment mainly invests in high- yield bonds, including convertible bonds. The
Compartment may invest worldwide, including in emerging markets, and can invest across any sector and currency.

### INVESTMENT PROCESS
In actively managing the Compartment, the investment manager uses a combination of market and issuer analysis to build a diversified portfolio of securities it believes offer the
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 fairly 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 date09.11.2009
Launch date09.11.2009
Share class currency	EUR
Compartment currency		USD Dividend	Accumulated
ISIN	LU0448623792
Bloomberg	PLHIYHE LX
Reference index	
ICE Developed Markets HY ESG
Tilt Hedged to EUR
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 inizio09.11.2009
Data di lancio09.11.2009
Valuta della categoria di azioni	EUR
Valuta del comparto	USD
Dividendo	Accumulato
ISIN	LU0448623792
Bloomberg	PLHIYHE LX
Indice di riferimento 
ICE Developed Markets HY ESG
Tilt Hedged to EUR
Nella gestione attiva del Comparto, il gestore
degli investimenti utilizza una combinazione di
benchmark benché il Gestore degli investimenti
possa scostarsi a propria discrezione dai titoli e
Termine ultimo dell’ordine
T CET 15:00
analisi di mercato ed emittenti per costruire
dalle ponderazioni di quest’ultimo.
Data di fatturazione	Data ordine + 1
un portafoglio diversificato di titoli che ritiene
Data di regolamento (sottoscrizione)
T+3
# Maturity profile (% of asset)
more than 10 years 
3.84
7 to 10 years 
13.52
36.02
5 to 7 years
3 to 5 years
21.22
1 to 3 years
21.23
< 1 year 
4.17
0	5	10	15	20	25	30	35	40

Translation (ENIT, 2022-11-30):
# Profilo di scadenza (% del patrimonio)
10 anni e + 
3.84
7 - 10 anni 
13.52
36.02
5 - 7 anni
3 - 5 anni
21.22
1 - 3 anni
21.23
< 1 anno 
4.17
0	5	10	15	20	25	30	35	40
| PERFORMANCE |  |
| --- | --- |
| Annualised (%) |
|  |  |  |  |  |  |  | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  |  |  |  |  |  | -7.41 | -5.05 | -5.39 | -2.31 |
| Reference index |  |  |  |  |  |  | -9.78 | -5.60 | -5.08 | -1.62 |
| Cumulative (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | YTD | 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEARS | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  | 3.37 | 3.37 | 9.57 | 4.46 | -7.41 | -13.59 | -14.39 | -24.20 | -28.88 |
| Reference index |  | 3.24 | 3.24 | 10.06 | 5.68 | -9.78 | -15.57 | -15.89 | -22.93 | -21.20 |
| Calendar Year (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Fund | -10.50 | -7.79 | -1.54 | 3.39 | -10.36 | 5.83 | 1.85 | -6.45 | -7.84 | -3.31 |
| Reference index | -12.55 | -7.10 | -1.39 | 5.16 | -8.57 | 9.60 | 2.14 | -8.28 | -7.11 | -2.39 |

Translation (ENIT, 2023-01-31):
| PERFORMANCE |  |
| --- | --- |
| Annualizzata (%) |
|  |  |  |  |  |  |  | 1 ANNO | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  |  |  |  |  |  | -7.41 | -5.05 | -5.39 | -2.31 |
| Indice di riferimento |  |  |  |  |  |  | -9.78 | -5.60 | -5.08 | -1.62 |
| Cumulativa (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | Da inizio | 1 MESE | 3 MESI | 6 MESI | 1 ANNO | 2 ANNI | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  | 3.37 | 3.37 | 9.57 | 4.46 | -7.41 | -13.59 | -14.39 | -24.20 | -28.88 |
| Indice di riferimento |  | 3.24 | 3.24 | 10.06 | 5.68 | -9.78 | -15.57 | -15.89 | -22.93 | -21.20 |
| Per anno di calendario (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Fondo | -10.50 | -7.79 | -1.54 | 3.39 | -10.36 | 5.83 | 1.85 | -6.45 | -7.84 | -3.31 |
| Indice di riferimento | -12.55 | -7.10 | -1.39 | 5.16 | -8.57 | 9.60 | 2.14 | -8.28 | -7.11 | -2.39 |
### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	1.60
Beta	1.16
Annualised volatility (%)	26.59
Information Ratio	0.20
Sharpe Ratio	0.31
Correlation	0.90
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	1.60
Beta	1.16
Volatilità annualizzata (%)	26.59
Information ratio	0.20
Indice di Sharpe	0.31
Correlazione	0.90
Fonte: Pictet Asset Management
# Top 10 Holdings (% of asset)
### Taiwan Semiconductor Manufac	8.83

### Tencent Holdings Ltd	6.24

### Alibaba Group Holding Ltd	4.79

### Samsung Electronics Co Ltd	4.10

### Icici Bank Ltd	3.84

### Aia Group Ltd	3.50

### Sk Hynix Inc	3.16

### Bank Rakyat Indonesia Perser	2.90

### Tripod Technology Corp	2.77

### Hdfc Bank Limited	2.73
Risk Country (% of asset)

### China Taiwan India

### South Korea Hong Kong Indonesia Vietnam Thailand

### Cash

### 0	5	10	15	20	25	30	35	40

### Source: Pictet Asset Management

Translation (ENIT, 2023-07-31):
# 10 posizioni principali (% del patrimonio)
### Taiwan Semiconductor Manufac	8.83

### Tencent Holdings Ltd	6.24
| Samsung Electronics Co Ltd | 4.10 |
| --- | --- |
| Icici Bank Ltd | 3.84 |
| Aia Group Ltd | 3.50 |


### Alibaba Group Holding Ltd	4.79

### Sk Hynix Inc	3.16

### Bank Rakyat Indonesia Perser	2.90

### Tripod Technology Corp	2.77

### Hdfc Bank Limited	2.73
Rischio associato al paese (% del patrimonio)

### Cine Taiwan India

### Corea Del Sud Hong Kong Indonesia Vietnam Tailandia

### Liquidità

### 0	5	10	15	20	25	30	35	40

### Fonte: Pictet Asset Management
# Maturity profile (% of asset)
### More than 10 years

### 7 to 10 years

### 5 to 7 years

### 3 to 5 years

### 1 to 3 years

### < 1 year

### -10	0	10	20	30	40	50

Translation (ENIT, 2023-07-31):
# Profilo di scadenza (% del patrimonio)
### 10 anni e + 7 - 10 anni

### 5 - 7 anni

### 3 - 5 anni

### 1 - 3 anni

### < 1 anno

### -10	0	10	20	30	40	50
# Risk category SRI2
that does not take into account	by seeking to invest mainly in economic	
environmental, social and governance (ESG) factors. Used for risk monitoring, performance objective and performance measurement.
PORTFOLIO ASSETS
The Compartment mainly invests in equities of companies in clean energy and water, agriculture, forestry and other areas of the environmental value chain. The Compartment may
invest worldwide, including in emerging markets and Mainland China.
INVESTMENT PROCESS
In actively managing the Compartment, the investment manager uses a
activities that contribute to an environmental objective whilst avoiding activities that adversely affect society or the environment. 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 9. The portfolio composition is not constrained relative to the benchmark, so the similarity of the Compartment's performance to that of the benchmark may vary.
  1	2	3	4 
5 
  6	7 
Lower risk	Higher risk

Translation (ENIT, 2023-07-31):
# Categoria di rischio SRI2
Valore di 100 USD investito dal 14.04.2023 (Al netto delle commissioni**)

### Conformemente alla normativa vigente, per le categorie di quote/azioni lanciate negli ultimi 12 mesi non sono disponibili informazioni sulla performance.

### Indice corrente: MSCI AC World (USD) in vigore da 14.04.2023

### Rischio più basso
5
|   1	 | 2	 | 3	 | 4  |
| --- | --- | --- | --- |


### Rischio più

### elevato

### Fonte: Pictet Asset Management

### *La Politica per l’investimento responsabile è disponibile al link https://documents.am.pictet/library/en/other?documentTypes=RI_POLICY&businessLine=PAM

### **Incluse le spese correnti effettive ed escluse le commissioni di sottoscrizione/rimborso e imposte a carico dell'investitore.
INFORMAZIONI SULLA PERFORMANCE
### NAV calculation	Daily
106
103
100
PICTET - ABSOLUTE RETURN FIXED INCOME - HR EUR
ICE BOFA ESTR OVERNIGHT RATE INDEX

Translation (ENIT, 2022-11-30):
#### Calcolo del NAV	Giornaliero
106
103
100
PICTET - ABSOLUTE RETURN FIXED INCOME - HR EUR
ICE BOFA ESTR OVERNIGHT RATE INDEX
# Risk category SRI2
### (USD). Used for portfolio composition,	best risk-adjusted returns relative to	

### risk monitoring, performance objective and performance measurement.

### PORTFOLIO ASSETS

### The Compartment mainly invests in a broad range of corporate and government bonds that are issued

### in Asian emerging markets (including Mainland China) and denominated in local currencies. These may include Sharia-compliant bonds. 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 significantly different from that of the benchmark, because the Investment Manager has significant 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
### (USD). Utilizzato per composizione del	offrano i migliori rendimenti adeguati	

### portafoglio, monitoraggio del rischio, obiettivo di performance e misurazione della performance.

### al rischio rispetto al benchmark. L'approccio alla gestione del Comparto mantiene uno stretto controllo sul

###   1	2  
3 

###   4	5	6	7 

### ATTIVI DEL PORTAFOGLIO

### Il Comparto investe principalmente in un'ampia gamma di titoli di Stato e obbligazioni societarie

### emessi in mercati emergenti asiatici

### rischio. Il gestore degli investimenti può comunque investire in emittenti con qualsiasi profilo ambientale, sociale e di governance (ESG). Può impegnarsi con gli emittenti per influire

### Rischio più basso
# Risk category SRI2
### BB-B 1-3 Years Constrained (EUR) an	investment manager considers ESG	

### index that does not take into account environmental, social and governance (ESG) factors. Used for risk monitoring, portfolio composition and performance measurement.

### PORTFOLIO ASSETS
The Compartment mainly invests in short- and medium-term high-yield bonds (whose prices are less sensitive to changes in interest rates), including convertible bonds, that are either denominated in euro (EUR) or typically hedged to this currency (meaning investments have little or no exposure to currency risk). The Compartment invests worldwide, including emerging markets, and can invest across any sector.

### INVESTMENT PROCESS

### factors a core element of its strategy by adopting a tilted approach which seeks to increase the weight of securities with low sustainability risks and/or

### 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. 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 portfolio composition is not constrained relative to the benchmark, so the similarity of the Compartment's performance to that of the benchmark may vary.

###   1	2  
3 

###   4	5	6	7 

### Lower risk	Higher risk

Translation (ENIT, 2023-07-31):
# Categoria di rischio SRI2
### BB-B 1-3 Years Constrained (EUR), un	considera fattori ESG come un	

### indice che non tiene conto di fattori ambientali, sociali e di governance (ESG). Utilizzato per monitoraggio del

### elemento core della sua strategia, adottando un approccio orientato che mira a irrobustire il peso di titoli

###   1	2  
3 

###   4	5	6	7 

### rischio, composizione del portafoglio e misurazione della performance.

### ATTIVI DEL PORTAFOGLIO

### Il Comparto investe principalmente in obbligazioni high yield a breve

### e medio termine (i cui prezzi sono
con bassi rischi di sostenibilità e/o ridurre il peso di quelli con rischi di sostenibilità elevati, soggetti a buone prassi di governance. Si evitano inoltre attività che influiscono negativamente sulla società o sull’ambiente. Può

### Rischio più basso
| Performance Annualised (%) |  |
| --- | --- |
|  |  |  |  |  |  |  | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  |  |  |  |  |  | -36.88 | -7.58 | -3.99 | 9.03 |
| Reference index |  |  |  |  |  |  | -27.51 | -4.62 | -2.75 | 7.96 |
| Cumulative (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | YTD | 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEARS | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  | -33.81 | 28.76 | -7.56 | -12.79 | -36.88 | -44.96 | -21.06 | -18.41 | 439.50 |
| Reference index |  | -25.09 | 29.30 | -7.67 | -10.31 | -27.51 | -34.23 | -13.23 | -13.01 | 345.13 |
| Calendar Year (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Fund | -20.80 | 41.12 | 33.99 | -19.05 | 52.21 | -1.99 | -0.66 | 4.57 | 5.66 | 21.70 |
| Reference index | -16.46 | 29.04 | 23.74 | -14.56 | 43.79 | 5.40 | -7.43 | 7.72 | 6.89 | 22.19 |

Translation (ENIT, 2022-11-30):
| Annualizzata (%) |  |
| --- | --- |
|  |  |  |  |  |  |  | 1 ANNO | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  |  |  |  |  |  | -36.88 | -7.58 | -3.99 | 9.03 |
| Indice di riferimento |  |  |  |  |  |  | -27.51 | -4.62 | -2.75 | 7.96 |
| Cumulativa (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | Da inizio anno | 1 MESE | 3 MESI | 6 MESI | 1 ANNO | 2 ANNI | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  | -33.81 | 28.76 | -7.56 | -12.79 | -36.88 | -44.96 | -21.06 | -18.41 | 439.50 |
| Indice di riferimento |  | -25.09 | 29.30 | -7.67 | -10.31 | -27.51 | -34.23 | -13.23 | -13.01 | 345.13 |
| Per anno di calendario (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Fondo | -20.80 | 41.12 | 33.99 | -19.05 | 52.21 | -1.99 | -0.66 | 4.57 | 5.66 | 21.70 |
| Indice di riferimento | -16.46 | 29.04 | 23.74 | -14.56 | 43.79 | 5.40 | -7.43 | 7.72 | 6.89 | 22.19 |
# Risk Country (% of asset)
#### China
39.45

#### India
17.06

#### Taiwan
14.67

#### South Korea 
11.64

#### Hong Kong 
7.23

#### Indonesia 
4.96

#### Vietnam 
2.31

#### Singapore 
1.90

#### Cash 
0.77

#### 0	5	10	15	20	25	30	35	40

#### Source: Pictet Asset Management

Translation (ENIT, 2022-11-30):
# Rischio associato al paese (% del patrimonio)
Cine
39.45
India
17.06
Taiwan 
14.67
Corea Del Sud 
11.64
Hong Kong 
7.23
Indonesia 
4.96
Vietnam 
2.31
Singapore 
1.90
Liquidità 
0.77
0	5	10	15	20	25	30	35	40
Fonte: Pictet Asset Management
# Maturity profile (% of asset)
more than 10 years
20.66
7 to 10 years 
9.14
5 to 7 years
12.63
3 to 5 years
19.40
29.72
1 to 3 years
< 1 year 
8.44
0	5	10	15	20	25	30

Translation (ENIT, 2022-11-30):
# Profilo di scadenza (% del patrimonio)
10 anni e +
20.66
7 - 10 anni 
9.14
5 - 7 anni
12.63
3 - 5 anni
19.40
29.72
1 - 3 anni
< 1 anno 
8.44
0	5	10	15	20	25	30
# Top 10 Bonds (% of asset)
### China Govt Bond 3.02% 27.05.2031 Uns Bc	2.67

### Malaysia Govt 3.733% 15.06.2028 Sr	2.36
| Malaysia Govt 3.885% 15.08.2029 Sr | 2.14 |
| --- | --- |
| Mexican Bonos 8.5% 31.05.2029 Sr | 2.04 |
| Rep South Africa 10.5% 21.12.2026 Sr | 1.87 |


### Indonesia Gov'T 8.375% 15.03.2034 Uns	2.30

### Brazil-Ltn Zero% 01.01.2026 Uns	1.76

### Rep South Africa 8.75% 28.02.2048 Sr	1.75

### Brazil-Ltn Zero% 01.07.2026 Uns	1.70

### Brazil Ntn-F 10% 01.01.2025 Uns	1.65
Risk Country (% of asset)

### Mexico South Africa

### Brazil Malaysia Indonesia Thailand Czech Republic

### Poland Others Cash

### 0	5	10	15	20	25	30

### Source: Pictet Asset Management

Translation (ENIT, 2023-07-31):
# Top 10 Obbligazioni (% del patrimonio)
### China Govt Bond 3.02% 27.05.2031 Uns Bc	2.67

### Malaysia Govt 3.733% 15.06.2028 Sr	2.36
| Malaysia Govt 3.885% 15.08.2029 Sr | 2.14 |
| --- | --- |
| Mexican Bonos 8.5% 31.05.2029 Sr | 2.04 |
| Rep South Africa 10.5% 21.12.2026 Sr | 1.87 |


### Indonesia Gov'T 8.375% 15.03.2034 Uns	2.30

### Brazil-Ltn Zero% 01.01.2026 Uns	1.76

### Rep South Africa 8.75% 28.02.2048 Sr	1.75

### Brazil-Ltn Zero% 01.07.2026 Uns	1.70

### Brazil Ntn-F 10% 01.01.2025 Uns	1.65
Rischio associato al paese (% del patrimonio)

### Messico Sudafrica Brasile Malaysia Indonesia Tailandia Reppublica Ceca
| Liquidità |  | 3.59 |  |
| --- | --- | --- | --- |
| 0 |  | 5 | 10 | 15 | 20 | 25 | 30 |


### Polonia Altro

### Fonte: Pictet Asset Management
# Risk category SRRI1
Lower risk	Higher risk
1
achieving a return in line with money market rates.

## REFERENCE INDEX
FTSE EUR 1-Month Eurodeposit (EUR), an
The investment manager considers ESG factors a core element of its strategy by adopting a tilted approach which seeks to increase the weight of securities with low sustainability risks
Typically lower reward

Translation (ENIT, 2022-11-30):
# Categoria di rischio ISRR1
Rischio più basso	Rischio più elevato
1
realizzando al contempo un rendimento in linea con i tassi del mercato monetario.

## INDICE DI RIFERIMENTO
fattori ESG come un elemento core della sua strategia, adottando un approccio orientato che mira a irrobustire il peso di titoli con
Rendimenti tipicamente inferiori
Rendimenti tipicamente più elevati
FTSE EUR 1-Month Eurodeposit (EUR). Utilizzato per la misurazione delle prestazioni. ATTIVI DEL PORTAFOGLIO
Il Comparto investe principalmente strumenti
bassi rischi di sostenibilità e/o ridurre il peso di quelli con rischi di sostenibilità
elevati, soggetti a buone prassi di governance. Si evitano inoltre attività che influiscono
# Portfolio Breakdown
Top 10 Bonds (% of asset)
Cp Bng Bank Nv Zero % 07.12.20221.69
Cp Bng Bank Nv Zero % 08.12.20221.69

Translation (ENIT, 2022-11-30):
# Composizione del portafoglio
Top 10 Obbligazioni (% del patrimonio)
Cp Bng Bank Nv Zero % 07.12.20221.69
Cp Bng Bank Nv Zero % 08.12.20221.69
## Portfolio characteristics
AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	-5.36
Beta	0.75
Annualised volatility (%)	18.14
Information Ratio	-0.62
Sharpe Ratio	-0.06
Correlation	0.85
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
## Caratteristiche del portafoglio
A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	-5.36
Beta	0.75
Volatilità annualizzata (%)	18.14
Information ratio	-0.62
Indice di Sharpe	-0.06
Correlazione	0.85
Fonte: Pictet Asset Management
# Portfolio Breakdown
Top 10 Holdings (% of asset)
Taiwan Semiconductor Manufac9.09
Samsung Electronics Co Ltd4.90
Tencent Holdings Ltd4.43
Alibaba Group Holding Ltd4.23
Hdfc Bank Limited3.66
Meituan-Class B3.14
Lg Chem Ltd2.60
Samsung Electronics-Pref2.49
Ping An Insurance Group Co-H2.38
Bank For Foreign Trade Jsc2.30
Sector breakdown (% of asset)	
Financials
25.56
Information Technology
23.38
Consumer Discretionary
13.99
Industrials 
8.47
Materials 
7.11
Consumer Staples 
6.56
Communication Services 
4.43
Real Estate 
2.58
Other 
1.79
Health Care 
1.73
Cash 
4.40
0	5	10	15	20	25	30

Translation (ENIT, 2022-11-30):
# Composizione del portafoglio
10 posizioni principali (% del patrimonio)
Taiwan Semiconductor Manufac9.09
Samsung Electronics Co Ltd4.90
Tencent Holdings Ltd4.43
Alibaba Group Holding Ltd4.23
Hdfc Bank Limited3.66
Meituan-Class B3.14
Lg Chem Ltd2.60
Samsung Electronics-Pref2.49
Ping An Insurance Group Co-H2.38
Bank For Foreign Trade Jsc2.30
Ripartizione settoriale (% del patrimonio)	
Finanziari
25.56
IT
23.38
Beni di consumo durevoli
13.99
Industriali 
8.47
Materie prime 
7.11
Beni di prima necessità 
6.56
Servizi di comunicazione 
4.43
Settore immobiliare 
2.58
Altri 
1.79
Salute 
1.73
Liquidità 
4.40
0	5	10	15	20	25	30
# Ratings breakdown (% of asset)	
- 4.13A27.31
- 39.98BB20.29B  -0.34
- 0.07NR (incl. cash & eq.) 8.560	5	10	15	20	25	30	35	40

Translation (ENIT, 2022-10-31):
## Ripartizione dei rating (% del patrimonio)	
- 4.13A27.31
- 39.98BB20.29B  -0.34
- 0.07NC (Incl. cash & eq.) 8.560	5	10	15	20	25	30	35	40
# Top 10 Holdings (% of asset)
### Hermes International	4.60

### Berkshire Hathaway Inc-Cl B	4.30

### Meta Platforms Inc-Class A	4.14

### Walmart Inc	3.99

### L'Oreal	3.61

### Oracle Corp	3.55

### Lvmh Moet Hennessy Louis Vui	3.39

### Comcast Corp-Class A	3.36

### Cie Financiere Richemont-Reg	3.35

### Workday Inc-Class A	3.32
Risk Country (% of asset)

### United States

### France Italy Canada Switzerland

### China Sweden Netherlands

### Finland Others Cash

### 0	10	20	30	40	50

### Source: Pictet Asset Management

Translation (ENIT, 2023-07-31):
# 10 posizioni principali (% del patrimonio)
### Hermes International	4.60

### Berkshire Hathaway Inc-Cl B	4.30

### Meta Platforms Inc-Class A	4.14

### Walmart Inc	3.99

### L'Oreal	3.61

### Oracle Corp	3.55

### Lvmh Moet Hennessy Louis Vui	3.39

### Comcast Corp-Class A	3.36

### Cie Financiere Richemont-Reg	3.35

### Workday Inc-Class A	3.32
Rischio associato al paese (% del patrimonio)

### Stati Uniti d'America

### Francia Italia Canada Svizzera

### Cine Svezia Olanda Finlandia

### Altro

### Liquidità

### 0	10	20	30	40	50

### Fonte: Pictet Asset Management
2. The SRI value is dated one calendar month before
Current index: ICE BofA SOFR Overnight Rate Index (USD) valid from 12.12.2013 Source: Pictet Asset Management
*The Responsible Investment Policy is available at www.assetmanagement.pictet
**Including actual ongoing charges and excluding subscription/redemption fees and taxes borne by the investor

Translation (ENIT, 2023-01-31):
Indice corrente: ICE BofA SOFR Overnight Rate Index (USD) in vigore da 12.12.2013 Fonte: Pictet Asset Management
*La Politica per l’investimento responsabile è disponibile al link www.assetmanagement.pictet
**Incluse le spese correnti effettive ed escluse le commissioni di sottoscrizione/rimborso e imposte a carico dell'investitore.
europeo e del Consiglio del 27 novembre 2019 relativo all’Informativa sulla sostenibilità nel settore dei servizi finanziari (SFDR). Si rimanda al Glossario.
2. Il valore dell'ISR è datato un mese solare prima della data di valuta del presente documento. Si rimanda alla definizione di ISR nel Glossario.
### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	2.79
Beta	1.16
Annualised volatility (%)	24.11
Information Ratio	0.32
Sharpe Ratio	0.48
Correlation	0.86
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	2.79
Beta	1.16
Volatilità annualizzata (%)	24.11
Information ratio	0.32
Indice di Sharpe	0.48
Correlazione	0.86
Fonte: Pictet Asset Management
#### AS AT END OF JANUARY 2023 (OVER 1 YEAR(S))
Alpha	8.97
Beta	0.45
Annualised volatility (%)	16.84
Information Ratio	0.77
Sharpe Ratio	0.30
Correlation	0.54
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 1 ANNO(I))
Alfa	8.97
Beta	0.45
Volatilità annualizzata (%)	16.84
Information ratio	0.77
Indice di Sharpe	0.30
Correlazione	0.54
Fonte: Pictet Asset Management
# Ratings breakdown (% of asset)
AAA 
1.88
AA 
17.06
72.56
A
NR (incl. cash & eq.) 
8.50
0	10	20	30	40	50	60	70	80

Translation (ENIT, 2022-11-30):
# Ripartizione dei rating (% del patrimonio)
AAA 
1.88
AA 
17.06
72.56
A
NC (Incl. cash & eq.) 
8.50
0	10	20	30	40	50	60	70	80