# Risk & Reward Profile (SRRI) (Source: Fund Admin)
Lower risk, potentially lower rewards Higher risk, potentially higher rewards

### The SRRI represents the risk and return profile as presented in the Key Investor Information Document (KIID). The lowest category does not imply that there is no risk. The SRRI is not guaranteed and may change over time.
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90
| Since | YTD 31/12/2021 | 1 month 31/10/2022 | 3 months 31/08/2022 | 1 year 30/11/2021 | 3 years 29/11/2019 | 5 years 30/11/2017 | Since 01/02/1999 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | -11.82% | 2.84% | -0.51% | -11.75% | -10.41% | -6.80% | 104.79% |
| Benchmark | -12.09% | 2.81% | -0.50% | -12.18% | -10.57% | -6.40% | 113.76% |
| Spread | 0.27% | 0.03% | 0.00% | 0.43% | 0.16% | -0.40% | -8.97% |


### Portfolio (113.36)	Benchmark (112.19)
| A : Since the beginning of this period, the sub-fund applies the current investment policy | Spread ² | 282 | 190 |
| --- | --- | --- | --- |
| Cumulative Returns * (Source: Fund Admin) | Number of Lines | 306 | 3,698 |

| Calendar year performance * (Source: Fund Admin) | 1 year 3 years  5 years  |
| --- | --- |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | Portfolio volatility | 6.15% | 6.68% | 5.31% |
| Portfolio | -0.25% | 1.66% | 7.29% | -2.71% | 4.33% | 4.65% | -1.18% | 8.38% | 2.63% | 13.31% | Benchmark volatility | 6.59% | 5.37% | 4.32% |
| Benchmark | -0.97% | 2.77% | 6.24% | -1.25% | 2.41% | 4.73% | -0.56% | 8.40% | 2.37% | 13.59% | Ex-post Tracking Error | 1.75% | 2.59% | 2.04% |
| Spread | 0.72% | -1.12% | 1.05% | -1.46% | 1.92% | -0.08% | -0.62% | -0.02% | 0.26% | -0.28% | Information ratio | 0.36 | 0.03 | -0.03 |
|  |  |  |  |  |  |  |  |  |  |  | Portfolio sharpe ratio | -1.88 | -0.49 | -0.20 |

* Source: Fund Admin. The above results pertain to full 12-month period per calendar year. All performances are calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. The value of investments may vary upwards or downwards according to market conditions.

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This material is solely for the attention of “professional” investors.

Translation (ENIT, 2022-11-30):
# Profilo di rischio / rendimento (Fonte : Fund Admin)
A rischio più basso, rendimento potenzialmente più basso A rischio più alto, rendimento potenzialmente più alto
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L'SRRI corrisponde al profilo di rischio e di rendimento riportato nel KIID. La categoria di rischio associata a questo fondo non è garantita e potrà evolversi nel tempo. L’appartenenza alla categoria più bassa non garantisce l’assenza di rischi.
|  | Portafoglio | Benchmark |
| --- | --- | --- |
| Duration (in anni) ¹ | 4,61 | 4,44 |
| Notazione media | BBB- | BBB+ |
| Yield | 5,00% | 3,95% |
| SPS ³ | 9,34 | 8,59 |
| Spread ² | 282 | 190 |
| Numero titoli | 306 | 3 698 |

| A partire dal | Da inizio anno 31/12/2021 | 1 mese 31/10/2022 | 3 mesi 31/08/2022 | 1 anno 30/11/2021 | 3 anni 29/11/2019 | 5 anni 30/11/2017 | Da inizio gestione 01/02/1999 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portafoglio | -11,82% | 2,84% | -0,51% | -11,75% | -10,41% | -6,80% | 104,79% |
| Benchmark | -12,09% | 2,81% | -0,50% | -12,18% | -10,57% | -6,40% | 113,76% |
| Scostamento | 0,27% | 0,03% | 0,00% | 0,43% | 0,16% | -0,40% | -8,97% |
| Performance annuale * (Fonte : Fund Admin) |

* Fonte : Fund Admin. Le performance (cumulate) sono al lordo degli oneri fiscali e al netto di costi/commissioni. Le performance riportate si riferiscono a periodi completi di 12 mesi per ciascun anno civile. Il valore degli investimenti può variare al rialzo o al ribasso in base all'evoluzione dei mercati.

## Analisi dei rendimenti (Fonte : Fund Admin)
|  | Volatilità | 6,15% | 6,68% | 5,31% |
| --- | --- | --- | --- | --- |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |  | Benchmark | 6,59% | 5,37% | 4,32% |
| Portafoglio | -0,25% | 1,66% | 7,29% | -2,71% | 4,33% | 4,65% | -1,18% | 8,38% | 2,63% | 13,31% |  | Tracking Error ex-post | 1,75% | 2,59% | 2,04% |
| Benchmark | -0,97% | 2,77% | 6,24% | -1,25% | 2,41% | 4,73% | -0,56% | 8,40% | 2,37% | 13,59% |  | Information ratio | 0,36 | 0,03 | -0,03 |
| Scostamento | 0,72% | -1,12% | 1,05% | -1,46% | 1,92% | -0,08% | -0,62% | -0,02% | 0,26% | -0,28% |  | Sharpe Ratio | -1,88 | -0,49 | -0,20 |


### Data di lancio

### Perdita massima	-17,25%

### Tempo di recupero (giorni)	126

### Mese peggiore	03/2020

### Performance peggiore	-9,41%

### Mese migliore	07/2009

### Performance migliore	5,93%

### ■ www.amundi.com	
Questo documento è esclusivamente destinato agli investitori « professionali »