# Fixed income
| Fund indicators |  |  | Fund indicators |  |
| --- | --- | --- | --- | --- |
|  | Portfolio |  |  | Portfolio |
| Cash | 9.52% |  | Average Life | 1.54 |
| Number of Holdings | 145 |  | Modified duration | 1.52 |
| Number of Issuers | 103 |  | Spread duration | 1.91 |
| Linear Average Rating | BBB+ |  | Average Coupon | 1.58% |
| Exponential Average Rating | BBB |  | Yield To Worst | 0.66 |


## Exposure by instrument type
Corporate	Government related	Treasury	Not Classified
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 | 0.00 | 0.03 | 0.02 |  | 1.43 |  | 1.48 |
|  | A | 0.01 | 0.14 | 0.14 | 0.02 | 0.05 |  | 0.36 |
|  | BBB | 0.09 | 0.98 | 0.54 | 0.18 | 0.33 |  | 2.13 |
|  | BB | 0.00 | 0.08 | 0.23 |  |  | 0.04 | 0.35 |
|  | NR |  | -0.18 | -0.47 |  | -2.23 |  | -2.87 |
| Portfolio | Total | 0.10 | 1.06 | 0.46 | 0.21 | -0.42 | 0.04 | 1.45 |
| Largest holdings (except cash) |  |  |  |  |
| Name | Weighting | Issuer country | Modified duration | Contribution** |
| Spain Government Bond 1.4% 01/31/2020 | 8.83% | European Economic Area | 1.4 | 0.10 |
| France Government Bond OAT 1.85% 07/25/2027 | 8.83% | European Economic Area | 8.4 | 0.70 |
| Italy (Republic of) 0.1% 04/15/2019 | 6.29% | European Economic Area | 0.6 | 0.00 |
| Spain Government Bond 1.15% 07/30/2020 | 4.86% | European Economic Area | 1.9 | 0.10 |
| AXA IM FIIS Europe Short Duration High Yield | 4.85% | Others | 2.6 | 0.10 |
| Italy (Republic of) 0.05% 10/15/2019 | 2.44% | European Economic Area | 1.1 | 0.00 |
| Italy (Republic of) 0.35% 11/01/2021 | 2.39% | European Economic Area | 3.1 | 0.10 |
| Spain Government Bond 0.25% 01/31/2019 | 1.58% | European Economic Area | 0.4 | 0.00 |
| Sensitivity (Fixed Income) Number of Holdings | 145 |  | 1.0 |  |
| **Contribution to portfolio risk (%) |  |  |  |  |
| Diversification |  |  |  |  |
| Main stocks |  |  |  |  |
| Equity	Weighting |  | Issuer country |  | Currency |
| AXA IM WAVe Cat Bonds Fund	0.59% |  | European Economic Area |  | EUR |
| Number of Holdings	1 |  |  |  |  |

Translation (ENES, 2018-08-31):
# Compartimento renta fija
| Características de la cartera |  |  | Características de la cartera |  |
| --- | --- | --- | --- | --- |
|  | Cartera |  |  | Cartera |
| Liquidez | 9.52% |  | Vencimiento medio | 1.54 |
| Número de líneas | 145 |  | Sensibilidad | 1.52 |
| Número de emisores | 103 |  | Spread duration | 1.91 |
| Calificación media lineal | BBB+ |  | Cupón medio | 1.58% |
| Calificación media ponderada | BBB |  | Yield to worst | 0.66 |


## Distribución por tipo de activo
Corporativo	Activos gubernamentales	Tesoro	No clasif
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 | 0.00 | 0.03 | 0.02 |  | 1.43 |  | 1.48 |
| A | 0.01 | 0.14 | 0.14 | 0.02 | 0.05 |  | 0.36 |
| BBB | 0.09 | 0.98 | 0.54 | 0.18 | 0.33 |  | 2.13 |
| BB | 0.00 | 0.08 | 0.23 |  |  | 0.04 | 0.35 |
| NR |  | -0.18 | -0.47 |  | -2.23 |  | -2.87 |
| Cartera	Total | 0.10 | 1.06 | 0.46 | 0.21 | -0.42 | 0.04 | 1.45 |
| Líneas principales |  |  |  |  |  |  |  |
| Denominación | Ponderación | País emisor | Sensibilidad | Contribución** |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 1.4% 01/31/2020 | 8.83% | Europeo | 1.4 | 0.10 |
|  |  | Espacio Económico |  |  |
| France Government Bond OAT 1.85% 07/25/2027 | 8.83% | Europeo | 8.4 | 0.70 |
|  |  | Espacio Económico |  |  |
| Italy (Republic of) 0.1% 04/15/2019 | 6.29% | Europeo | 0.6 | 0.00 |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 1.15% 07/30/2020 | 4.86% | Europeo | 1.9 | 0.10 |
| AXA IM FIIS Europe Short Duration High Yield | 4.85% | Otros | 2.6 | 0.10 |
|  |  | Espacio Económico |  |  |
| Italy (Republic of) 0.05% 10/15/2019 | 2.44% | Europeo | 1.1 | 0.00 |
|  |  | Espacio Económico |  |  |
| Italy (Republic of) 0.35% 11/01/2021 | 2.39% | Europeo | 3.1 | 0.10 |
|  |  | Espacio Económico |  |  |
| Spain Government Bond 0.25% 01/31/2019 | 1.58% | Europeo | 0.4 | 0.00 |
| Sensibilidad del compartimento renta fija Número de líneas | 145 |  | 1.0 |  |
| **Contribución al riesgo de la cartera (%) |  |  |  |  |

| Compartimento diversificados |  |
| --- | --- |
| Valores principales |  |  |  |
| Compañía | Ponderación | País emisor | Divisa |
| AXA IM WAVe Cat Bonds Fund | 0.59% | Espacio Económico Europeo | EUR |
| Número de líneas | 1 |  |  |