# Performance contribution (Source: Fund Admin)
|  | Performance |
| --- | --- |
| YTD 2022 | 6.66% |
| November 2022 | -1.17% |
| October 2022 | -0.26% |
| September 2022 | 0.83% |
| 2021 | -1.59% |
| 2020 | 20.89% |
| 2019 | -8.51% |
| 2018 | -2.35% |
| 2017 | -16.45% |
| 2016 | 0.62% |
| 2015 | 3.11% |
| 2014 | -0.63% |

|  | 1 yr Implied volatility | Gross Performance Contribution |
| --- | --- | --- |
| Start | End | Average Vega | Engine 1 : Directionnal ¹ | Engine 2 : Vol of vol ² |
| YTD 2022 | 18.00% | 20.25% | 0.61% | 1.37% | 7.33% |
| Nov-2022 | 22.20% | 20.25% | 0.71% | -1.38% | 0.09% |
| Oct-2022 | 24.55% | 22.20% | 0.23% | -0.54% | 0.21% |
| Sep-2022 | 23.15% | 24.55% | 0.38% | 0.53% | 0.51% |
| 2021 | 18.60% | 18.00% | 1.33% | -0.80% | 0.29% |
| 2020 | 14.20% | 18.60% | 0.95% | 4.18% | 23.20% |
| 2019 | 17.70% | 14.20% | 2.10% | -7.35% | -1.05% |
| 2018 | 15.25% | 17.70% | 2.12% | 5.19% | -5.72% |
| 2017 | 19.80% | 15.25% | 1.62% | -7.37% | -8.24% |
| 2016 | 21.00% | 19.80% | 0.92% | -1.10% | 2.79% |
| 2015 | 20.30% | 21.00% | 0.99% | 2.04% | 2.06% |
| 2014 | 17.50% | 20.30% | 1.35% | 3.83% | -3.03% |
| 2013 | 21.70% | 17.50% | 1.09% | -4.31% | -5.36% |
| 2012 | 28.05% | 21.70% | 0.61% | -1.72% | 1.01% |
| 2011 | 24.05% | 28.05% | 0.35% | -3.67% | 7.80% |
| 2010 | 24.30% | 24.05% | 0.46% | 1.76% | 7.17% |
| 2009 | 34.80% | 24.30% | -0.13% | 1.13% | 6.07% |
| 2008 | 20.30% | 34.80% | 0.50% | 5.70% | 18.54% |

Breakdown by instrument type (Source: Amundi)
0.11 %

## ¹ Directional 1: Calculated monthly as follows: (Implied Volatility End – Implied Volatility Start ) * Average Vega

## ² Vol of Vol 2: Calculated monthly as follows: Gross Return – Other Engines. Includes replication and carry costs.
4.89 %
8.10 %
9.76 %	36.04 %
10.14 %
30.96 %

## Fixed Rate Treasury Bond	Repo	Commercial Papers

## Certificate of Deposit	Mutual funds	Options	Cash

## NEU CP : Negotiable EUropean Commercial Paper

Translation (ENIT, 2022-11-30):
# Contributo alla performance (Fonte : Fund Admin)
|  | Performance |
| --- | --- |
| YTD 2022 | 6,66% |
| Novembre 2022 | -1,17% |
| Ottobre 2022 | -0,26% |
| Settembre 2022 | 0,83% |
| 2021 | -1,59% |
| 2020 | 20,89% |
| 2019 | -8,51% |
| 2018 | -2,35% |
| 2017 | -16,45% |
| 2016 | 0,62% |
| 2015 | 3,11% |
| 2014 | -0,63% |

|  | Volatilità implicita | Contributo di Performance lorda |
| --- | --- | --- |
| Inizio | Finale | Vega medio | Motore 1 : Direzionale ¹ | Motore 2 : Vol della vol ² |
| YTD 2022 | 18,00% | 20,25% | 0,61% | 1,37% | 7,33% |
| Nov-2022 | 22,20% | 20,25% | 0,71% | -1,38% | 0,09% |
| Oct-2022 | 24,55% | 22,20% | 0,23% | -0,54% | 0,21% |
| Sep-2022 | 23,15% | 24,55% | 0,38% | 0,53% | 0,51% |
| 2021 | 18,60% | 18,00% | 1,33% | -0,80% | 0,29% |
| 2020 | 14,20% | 18,60% | 0,95% | 4,18% | 23,20% |
| 2019 | 17,70% | 14,20% | 2,10% | -7,35% | -1,05% |
| 2018 | 15,25% | 17,70% | 2,12% | 5,19% | -5,72% |
| 2017 | 19,80% | 15,25% | 1,62% | -7,37% | -8,24% |
| 2016 | 21,00% | 19,80% | 0,92% | -1,10% | 2,79% |
| 2015 | 20,30% | 21,00% | 0,99% | 2,04% | 2,06% |
| 2014 | 17,50% | 20,30% | 1,35% | 3,83% | -3,03% |
| 2013 | 21,70% | 17,50% | 1,09% | -4,31% | -5,36% |
| 2012 | 28,05% | 21,70% | 0,61% | -1,72% | 1,01% |
| 2011 | 24,05% | 28,05% | 0,35% | -3,67% | 7,80% |
| 2010 | 24,30% | 24,05% | 0,46% | 1,76% | 7,17% |
| 2009 | 34,80% | 24,30% | -0,13% | 1,13% | 6,07% |
| 2008 | 20,30% | 34,80% | 0,50% | 5,70% | 18,54% |


## Ripartizione per Tipologia di strumenti (Fonte : Amundi)
0,11 %

### ¹ Direzionale 1: Calcolata mensilmente nel seguente modo: (Fine volatilità implicita – Inizio volatilità implicita ) * Vega medio

### ² Volatilità della volatilità 2: Calcolata mensilmente nel seguente modo: Rendimento lordo – Altri Motori. Comprende i costi di replicazione e di carry.
4,89 %
8,10 %
9,76 %	36,04 %
10,14 %
30,96 %

### BON DU TRESOR A TAUX FIXE (BTF)	Repo	COMM PAPER REG

### NEU CP	Fondi obbligazionari	Opzioni	Liquidità

### NEU CP: Negotiable EUropean Commercial Paper. Titolo di credito che rappresenta una fonte di finanziamento a breve termine per le imprese.