# Fixed income
| Fund indicators |  |  | Fund indicators |  |
| --- | --- | --- | --- | --- |
|  | Portfolio |  |  | Portfolio |
| Cash | 3.97% |  | Average Life | -0.72 |
| Number of Holdings | 183 |  | Modified duration | -0.25 |
| Number of Issuers | 131 |  | Spread duration | 3.36 |
| Linear Average Rating | A- |  | Average Coupon | 1.50% |
| Exponential Average Rating | BBB |  | Yield To Worst | 0.84 |


## Exposure by instrument type
15.00%
12.50%
10.00%
7.50%
5.00%
2.50%
0.00%
-2.50%
-5.00%
-7.50%
11.99%
10.07%
2.80%
-10.00% 	-8.77%	
Government related	Corporate	Not Classified	Treasury
Portfolio
Contribution to duration by rating
|  | 0-1 year | 1-3 years | 3-5 years | 5-7 years | 7-10 years | 10-20 years | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | AA | 0.01 | 0.01 | 0.09 |  | 5.97 |  | 6.08 |
|  | A |  | 0.03 | 0.20 | 0.11 | 0.17 | 0.22 | 0.73 |
|  | BBB | 0.10 | 1.06 | 0.36 | 0.60 | 0.50 | 0.29 | 2.91 |
|  | BB | 0.04 | 0.03 | 0.43 | 0.08 |  | 0.31 | 0.88 |
|  | B | 0.01 | 0.01 |  |  |  |  | 0.02 |
|  | NR |  | -0.11 | 0.06 |  | -10.96 |  | -11.01 |
| Portfolio | Total | 0.16 | 1.03 | 1.14 | 0.78 | -4.31 | 0.82 | -0.38 |
| Largest holdings (except cash) |  |  |  |  |
| Name | Weighting | Issuer country | Modified duration | Contribution** |
| France Government Bond OAT 1.85% 07/25/2027 | 11.47% | European Economic Area | 8.4 | 1.00 |
| AXA IM FIIS Europe Short Duration High Yield | 2.80% | Others | 2.6 | 0.10 |
| Spain Government Bond 0.25% 01/31/2019 | 2.47% | European Economic Area | 0.4 | 0.00 |
| Italy (Republic of) 0.3% 10/15/2018 | 2.34% | European Economic Area | 0.1 | 0.00 |
| Spain Government Bond 0.05% 01/31/2021 | 2.00% | European Economic Area | 2.4 | 0.00 |
| Italy (Republic of) 0.2% 10/15/2020 | 1.93% | European Economic Area | 2.1 | 0.00 |
| Spain Government Bond 1.4% 01/31/2020 | 1.21% | European Economic Area | 1.4 | 0.00 |
| Spain Government Bond 1.15% 07/30/2020 | 1.20% | European Economic Area | 1.9 | 0.00 |
| Sensitivity (Fixed Income) Number of Holdings | 183 |  | 0.0 |  |
| **Contribution to portfolio risk (%) |  |  |  |  |

| Diversification |  |
| --- | --- |
| Main stocks |  |  |  |
| Equity | Weighting | Issuer country | Currency |
| MIRABAUD - CONVERTIBLE BONDS EUROPE | 1.29% | Others | EUR |
| AXA WF Global Income Generation | 0.75% | Others | EUR |
| AXA IM WAVe Cat Bonds Fund | 0.48% | European Economic Area | EUR |
| RIVERSTONE ENERGY LTD | 0.44% | Others | GBP |
| Number of Holdings | 4 |  |  |

Translation (ENES, 2018-08-31):
# Compartimento renta fija
| Características de la cartera |  |  | Características de la cartera |  |
| --- | --- | --- | --- | --- |
|  | Cartera |  |  | Cartera |
| Liquidez | 3.97% |  | Vencimiento medio | -0.72 |
| Número de líneas | 183 |  | Sensibilidad | -0.25 |
| Número de emisores | 131 |  | Spread duration | 3.36 |
| Calificación media lineal | A- |  | Cupón medio | 1.50% |
| Calificación media ponderada | BBB |  | Yield to worst | 0.84 |


## Distribución por tipo de activo
15.00%
12.50%
10.00%
7.50%
5.00%
2.50%
0.00%
-2.50%
-5.00%
-7.50%
11.99%
10.07%
2.80%
-10.00% 	-8.77%	
Activos gubernamentales	Corporativo	No clasif	Tesoro
Cartera
| Contribución a la duración por | rating |  |
| --- | --- | --- |
|  | 0-1 año | 1-3 años | 3-5 años | 5-7 años | 7-10 años | 10-20 años | Total |
| AA | 0.01 | 0.01 | 0.09 |  | 5.97 |  | 6.08 |
| A |  | 0.03 | 0.20 | 0.11 | 0.17 | 0.22 | 0.73 |
| BBB | 0.10 | 1.06 | 0.36 | 0.60 | 0.50 | 0.29 | 2.91 |
| BB | 0.04 | 0.03 | 0.43 | 0.08 |  | 0.31 | 0.88 |
| B | 0.01 | 0.01 |  |  |  |  | 0.02 |
| NR |  | -0.11 | 0.06 |  | -10.96 |  | -11.01 |
| Cartera	Total | 0.16 | 1.03 | 1.14 | 0.78 | -4.31 | 0.82 | -0.38 |
| Líneas principales |  |  |  |  |  |  |  |
| Denominación | Ponderación | País emisor | Sensibilidad | Contribución** |
|  |  | Espacio Económico |  |  |
| France Government Bond OAT 1.85% 07/25/2027 | 11.47% | Europeo | 8.4 | 1.00 |
| AXA IM FIIS Europe Short Duration High Yield | 2.80% | Otros | 2.6 | 0.10 |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 0.25% 01/31/2019 | 2.47% | Europeo | 0.4 | 0.00 |
|  |  | Espacio Económico |  |  |
| Italy (Republic of) 0.3% 10/15/2018 | 2.34% | Europeo | 0.1 | 0.00 |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 0.05% 01/31/2021 | 2.00% | Europeo | 2.4 | 0.00 |
|  |  | Espacio Económico |  |  |
| Italy (Republic of) 0.2% 10/15/2020 | 1.93% | Europeo | 2.1 | 0.00 |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 1.4% 01/31/2020 | 1.21% | Europeo | 1.4 | 0.00 |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 1.15% 07/30/2020 | 1.20% | Europeo | 1.9 | 0.00 |
| Sensibilidad del compartimento renta fija Número de líneas | 183 |  | 0.0 |  |
| **Contribución al riesgo de la cartera (%) |  |  |  |  |

| Compartimento diversificados |  |
| --- | --- |
| Valores principales |  |  |  |
| Compañía | Ponderación | País emisor | Divisa |
| MIRABAUD - CONVERTIBLE BONDS EUROPE | 1.29% | Otros | EUR |
| AXA WF Global Income Generation | 0.75% | Otros | EUR |
| AXA IM WAVe Cat Bonds Fund | 0.48% | Espacio Económico Europeo | EUR |
| RIVERSTONE ENERGY LTD | 0.44% | Otros | GBP |
| Número de líneas | 4 |  |  |