# Portfolio breakdown by credit rating (Source: Amundi) *
### % of assets
Short-term
2Y
5Y
7Y
10Y
15Y
20Y
30Y
Others Cash & Cash Equivalents
-3.40 %
1.62 %
2.45 %
3.81 %
0.17 %
4.51 %
12.33 %
20.04 %
17.28 %
22.25 %
AAA AA A BBB BB B CCC CC C
D NR
-5 %	0 %	5 %	10 %	15 %	20 % 25 %	-10 %	0 %	10 %	20 %	30 %	40 %	50 %	60 % 70 %
- Futures excludedPortfolio BenchmarkPortfolio Benchmark
- Median Rating calculated of the six agencies: Fitch, Moody's, Standard & Poor's, KBRA,Maturity shall be understood as probable expiry of the credit risk as reflected by the market	DBRS and Morningstar.

| Breakdown by Issuer Type (Source: Amundi) |  |
| --- | --- |
|  | % asset | % of assets (Index) |
| Main overweights | - | - |
| CMO | 14.73% | - |
| Financial Institutions | 16.76% | 9.72% |
| CMBS | 8.10% | 1.67% |
| Supranationals | 6.05% | 1.34% |
| ABS | 3.34% | 0.29% |
| Main underweights | - | - |
| Treasuries | 11.20% | 34.59% |
| MBS Pass-Through | 19.65% | 23.74% |
| Agencies | 0.12% | 3.84% |
| Sovereign | 0.23% | 2.93% |
| Industrials | 16.53% | 18.09% |

| Top 10 Holdings (Source: Amundi) |  |
| --- | --- |
|  | Countries | Portfolio | Benchmark |
| US TSY 2.5% 03/27 | USA | 3.19% | 0.17% |
| IBRD 0.75% 03/25 | SUPRANATIONAL | 2.61% | 0.01% |
| WFC 7.5% PERP L | USA | 1.92% | - |
| FN MA4737 | USA | 1.36% | - |
| IBRD 2.5% 7/25 | SUPRANATIONAL | 1.13% | 0.01% |
| MBONO 8.5% 5/29 | MEXICO | 1.13% | - |
| EIB 0.375% 03/26 | SUPRANATIONAL | 1.03% | 0.02% |
| ET VAR PERP G | USA | 0.83% | - |
| RABOBK 6.5% PERP | NETHERLANDS | 0.78% | - |
| FN MA4473 | USA | 0.74% | - |

Translation (ENES, 2022-10-31):
# Desglose de la cartera por calificación (Fuente : Amundi) *
### En porcentaje de activo
Corto término
2A
5A
7A
10A
15A
20A
30A
Otros Cash & Cash Equivalents
-3,40 %
1,62 %
2,45 %
3,81 %
0,17 %
4,51 %
12,33 %
20,04 %
17,28 %
22,25 %
AAA AA A BBB BB B CCC CC C
D
No valorado
- excluidos Futuros-5 %	0 %	5 %	10 %	15 %	20 % 25 %Cartera Índice-10 %  0 %	10 %  20 %  30 %  40 %  50 %  60 % 70 %Cartera ÍndiceSe entiende por madurez el vencimiento probable del riesgo de crédito tal como reflejado en el mercado
- Notación Mediana calculada por las tres agencias: Fitch, Moody's, Standard & Poor's, KBRA, DBRS y Morningstar

| Desglose por tipo de emisor (Fuente : Amundi) |  |
| --- | --- |
|  | % del activo | % de activos (índice) |
| Principales sobreponderaciones | - | - |
| CMO | 14,73% | - |
| Finanzas | 16,76% | 9,72% |
| CMBS | 8,10% | 1,67% |
| Supranacionales | 6,05% | 1,34% |
| ABS | 3,34% | 0,29% |
| Principales infraponderaciones | - | - |
| TREASURIES | 11,20% | 34,59% |
| MBS Pass-Through | 19,65% | 23,74% |
| AGENCIES | 0,12% | 3,84% |
| Sovereign | 0,23% | 2,93% |
| Industria | 16,53% | 18,09% |

| Las 10 mayores posiciones (Fuente : Amundi) |  |
| --- | --- |
|  | Países | Cartera | Índice |
| US TSY 2.5% 03/27 | USA | 3,19% | 0,17% |
| IBRD 0.75% 03/25 | SUPRANATIONAL | 2,61% | 0,01% |
| WFC 7.5% PERP L | USA | 1,92% | - |
| FN MA4737 | USA | 1,36% | - |
| IBRD 2.5% 7/25 | SUPRANATIONAL | 1,13% | 0,01% |
| MBONO 8.5% 5/29 | MEXICO | 1,13% | - |
| EIB 0.375% 03/26 | SUPRANATIONAL | 1,03% | 0,02% |
| ET VAR PERP G | USA | 0,83% | - |
| RABOBK 6.5% PERP | NETHERLANDS | 0,78% | - |
| FN MA4473 | USA | 0,74% | - |