# Top 10 positions - ESG Characteristics
In terms of the fund’s total economic exposure. Data points do not necessarily represent all ESG considerations within the investment process or are in some cases provided for transparency reasons although they are not considered in the investment decision-making process. Source: MSCI

## Carbon
| Instrument Name	Weight in portfolio | GICS sector | MSCI ESG Rating | Environmental score | Social score | Governance score | Controversy flag | intensity (tCO2e / $M sales) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| KFW	5.03% | Financials | AAA | 8.30 | 7.60 | 7.70 | Green | 5.70 |
| FRANCE (REPUBLIC OF)	4.81% | FI Securities | A | 4.42 | 7.94 | 6.66 | n.a. | - |
| EUROPEAN INVESTMENT	4.79% | Financials | AAA | 5.50 | 7.00 | 7.00 | Green | 0.10 |
| EUROPEAN UNION	2.85% | Financials | A | 4.58 | 7.88 | 7.27 | n.a. | - |
| GERMANY (FEDERAL	2.66% | FI Securities | AA | 4.37 | 8.67 | 8.46 | n.a. | - |
| SOCIETE DU GRAND PARIS	2.21% | FI Securities | A | 10.00 | 5.70 | 3.80 | Green | 131.90 |
| CHINA DEVELOPMENT BANK	1.67% | FI Securities | B | 1.20 | 6.10 | 4.90 | Yellow | 6.20 |
| NETHERLANDS (KINGDOM OF)	1.49% | FI Securities | A | 3.79 | 8.29 | 8.09 | n.a. | - |
| TENNET HOLDING BV	1.48% | Utilities | AA | 7.70 | 5.20 | 6.80 | Green | 394.80 |
| UK CONV GILT	1.26% | FI Securities | A | 4.57 | 7.53 | 6.76 | n.a. | - |


## BANK

## REPUBLIC OF)
Note: Please consider that the values in the above table represent the issuer’s performance and not that of the invested green bond. For further information on the methodology for the above listed ESG data points, please refer to the glossary.

Translation (ENES, 2022-09-30):
# 10 posiciones principales - Características de ESG
En términos de la exposición económica total del fondo. Los datos no representan necesariamente todas las consideraciones relativas a ESG dentro del proceso de inversión o, en algunos casos, se proporcionan por motivos de transparencia, aunque no se tienen en cuenta en el proceso de toma de decisiones de inversión. Fuente: MSCI
Ponderación en
Calificación
Puntuación
Puntuación
Puntuación de
Clasificación
Intensidad de
carbono
Nombre del instrumento
cartera	Sector GICS
MSCI ESG medioambiental
social
gobernanza
controvertida
(tCO2e / ventas en
|  | millones USD) |
| --- | --- |
| KFW	5.03% | Financiero | AAA | 8.30 | 7.60 | 7.70 | Verde | 5.70 |
| FRANCE (REPUBLIC OF)	4.81% | Valores RF | A | 4.42 | 7.94 | 6.66 | n.a. | - |
| EUROPEAN INVESTMENT	4.79% | Financiero | AAA | 5.50 | 7.00 | 7.00 | Verde | 0.10 |
| EUROPEAN UNION	2.85% | Financiero | A | 4.58 | 7.88 | 7.27 | n.a. | - |
| GERMANY (FEDERAL	2.66% | Valores RF | AA | 4.37 | 8.67 | 8.46 | n.a. | - |
| SOCIETE DU GRAND PARIS	2.21% | Valores RF | A | 10.00 | 5.70 | 3.80 | Verde | 131.90 |
| CHINA DEVELOPMENT BANK	1.67% | Valores RF | B | 1.20 | 6.10 | 4.90 | Amarillo | 6.20 |
| NETHERLANDS (KINGDOM OF)	1.49% | Valores RF | A | 3.79 | 8.29 | 8.09 | n.a. | - |
| TENNET HOLDING BV	1.48% | Servicios públicos | AA | 7.70 | 5.20 | 6.80 | Verde | 394.80 |
| UK CONV GILT	1.26% | Valores RF | A | 4.57 | 7.53 | 6.76 | n.a. | - |

BANK
REPUBLIC OF)
Nota: Tenga en cuenta que los valores de la tabla anterior representan el rendimiento del emisor y no el del bono verde invertido. Para obtener más información sobre la metodología para los datos ESG indicados anteriormente, consulte el glosario.