OVHaiLLM/Flipper huggingface dataset:
| Asset allocation |  |
| --- | --- |
| Largest positions |  |  |  | Structure by investment type |  |
| Security | Interest rate (%) | Country | % |  |  |
| B 09/08/22 | 0.000 | US | 13.16 |  |  |
| MCMML 2018-1A A | 3.962 | KY | 4.99 |  |  |
| E-MAC NL04-I A | 1.797 | NL | 4.29 |  |  |
| WARES 2022-1 A1 | 1.748 | IE | 4.22 |  |  |
| CCCIT 2018-A6 A6 | 3.210 | US | 3.98 |  |  |
| CHAIT 2012-A7 A7 | 2.160 | US | 3.95 |  |  |
| AMXCA 2017-7 A | 2.350 | US | 3.95 |  |  |
| LNCR 2022-CRE7 A | 3.533 | KY | 3.85 |  |  |
| ERLS 2019-NPL2 A | 1.546 | IE | 3.75 |  |  |
| UCI 14 A | 0.000 | ES | 3.58 |  |  |
| Total |  |  | 49.72 |  |  |

Translation (ENFR, 2022-08-31):
| Allocation des actifs |  |
| --- | --- |
| Les plus grandes positions |  |  |  | Répartition par instruments d'investissement |  |
| Titre | Taux d'intér (%) | Pays | % |  |  |
| B 09/08/22 | 0.000 | US | 13.16 |  |  |
| MCMML 2018-1A A | 3.962 | KY | 4.99 |  |  |
| E-MAC NL04-I A | 1.797 | NL | 4.29 |  |  |
| WARES 2022-1 A1 | 1.748 | IE | 4.22 |  |  |
| CCCIT 2018-A6 A6 | 3.210 | US | 3.98 |  |  |
| CHAIT 2012-A7 A7 | 2.160 | US | 3.95 |  |  |
| AMXCA 2017-7 A | 2.350 | US | 3.95 |  |  |
| LNCR 2022-CRE7 A | 3.533 | KY | 3.85 |  |  |
| ERLS 2019-NPL2 A | 1.546 | IE | 3.75 |  |  |
| UCI 14 A | 0.000 | ES | 3.58 |  |  |
| Total |  |  | 49.72 |  |  |
# Asset allocation
## Largest positions	Structure by country
Security	Country	%
Samsung Electronics Co Ltd	KR	4.65
Tencent Holdings Ltd	CN	4.48
Alibaba Group Holding	CN	2.96
ALIBABA GROUP HOLDING LTD	CN	2.41
Samsung SDI Co Ltd	KR	1.76
XINYI SOLAR HOLDINGS LTD	CN	1.33
Reliance Ind	IN	1.27
HCL Technologies Ltd	IN	1.24
Naspers Ltd	ZA	1.19
Corp Inmob Vesta SAB de CV	MX	1.14
Total	22.43

Translation (ENFR, 2021-06-30):
# Allocation des actifs
## Les plus grandes positions	Répartition par pays
Titre	Pays	%
Samsung Electronics Co Ltd	KR	4.65
Tencent Holdings Ltd	CN	4.48
Alibaba Group Holding	CN	2.96
ALIBABA GROUP HOLDING LTD	CN	2.41
Samsung SDI Co Ltd	KR	1.76
XINYI SOLAR HOLDINGS LTD	CN	1.33
Reliance Ind	IN	1.27
HCL Technologies Ltd	IN	1.24
Naspers Ltd	ZA	1.19
Corp Inmob Vesta SAB de CV	MX	1.14
Total	22.43
## Largest positions	Structure by rating
Name	%
Grand Total	1.58
GENESIS ENERGY LP/GENESI GEL 5 5/8 06/15/24	0.93
NGL ENRGY PART LP/FIN CO NGL 7 1/2 11/01/23	0.46
MEG ENERGY CORP MEGCN 6 1/2 01/15/25	0.17
SENVION HOLDING GMBH SENGR 3 7/8 10/25/22	0.02
Total	3.16

Translation (ENFR, 2022-01-31):
## Les plus grandes positions	Répartition par notation
Nom	%
Grand Total	1.58
GENESIS ENERGY LP/GENESI GEL 5 5/8 06/15/24	0.93
NGL ENRGY PART LP/FIN CO NGL 7 1/2 11/01/23	0.46
MEG ENERGY CORP MEGCN 6 1/2 01/15/25	0.17
SENVION HOLDING GMBH SENGR 3 7/8 10/25/22	0.02
Total	3.16
# Asset allocation
## Largest positions	Structure by country
|  |  |
| --- | --- |
|  |  |
|  |  |
|  |  |
|  |
|  |  |


### Security	Interest rate (%)	Country	%

### INDOGB 8 3/8 09/15/26	8.375	ID	7.22

### IFC 1 1/2 06/29/25	1.500	SX	3.40

### ECUA 5 07/31/30	5.000	EC	3.23

### Republic of Mexico	8.500	MX	3.17

### Banque Cent de Tunisie Int Bd	5.625	TN	3.02

### MGS 3.885 08/15/29	3.885	MY	2.36

### COLTES 7 3/4 09/18/30	7.750	CO	2.35

### SAGB 9 01/31/40 #2040	9.000	ZA	2.31

### Republic of Brazil	10.000	BR	2.27

### Republic of Mexico	4.000	MX	2.23

### Total	31.56

Translation (ENFR, 2021-09-30):
# Allocation des actifs
## Les plus grandes positions	Répartition par pays
|  |  |
| --- | --- |
|  |
|  |  |
|  |  |
|  |
|  |  |

Titre	Taux d'intér (%)	Pays	%
INDOGB 8 3/8 09/15/26	8.375	ID	7.22
IFC 1 1/2 06/29/25	1.500	SX	3.40
ECUA 5 07/31/30	5.000	EC	3.23
Republic of Mexico	8.500	MX	3.17
Banque Cent de Tunisie Int Bd	5.625	TN	3.02
MGS 3.885 08/15/29	3.885	MY	2.36
COLTES 7 3/4 09/18/30	7.750	CO	2.35
SAGB 9 01/31/40 #2040	9.000	ZA	2.31
Republic of Brazil	10.000	BR	2.27
Republic of Mexico	4.000	MX	2.23
Total	31.56
| Asset allocation |  |
| --- | --- |
| Largest positions |  |  |  | Structure by investment type |  |
| Security | Interest rate (%) | Country | % |  |  |
| B 10/27/22 | 0.000 | US | 13.45 |  |  |
| B 11/15/22 | 0.000 | US | 6.71 |  |  |
| MCMML 2018-1A A | 3.962 | KY | 5.07 |  |  |
| E-MAC NL04-I A | 1.797 | NL | 4.21 |  |  |
| WARES 2022-1 A1 | 1.748 | IE | 4.09 |  |  |
| CCCIT 2018-A6 A6 | 3.210 | US | 4.08 |  |  |
| AMXCA 2017-7 A | 2.350 | US | 4.04 |  |  |
| LNCR 2022-CRE7 A | 3.834 | KY | 3.93 |  |  |
| ERLS 2019-NPL2 A | 2.180 | IE | 3.65 |  |  |
| HIPO HIPO-10 A2 | 0.340 | ES | 3.54 |  |  |
| Total |  |  | 52.77 |  |  |

Translation (ENFR, 2022-09-30):
| Allocation des actifs |  |
| --- | --- |
| Les plus grandes positions |  |  |  | Répartition par instruments d'investissement |  |
| Titre | Taux d'intér (%) | Pays | % |  |  |
| B 10/27/22 | 0.000 | US | 13.45 |  |  |
| B 11/15/22 | 0.000 | US | 6.71 |  |  |
| MCMML 2018-1A A | 3.962 | KY | 5.07 |  |  |
| E-MAC NL04-I A | 1.797 | NL | 4.21 |  |  |
| WARES 2022-1 A1 | 1.748 | IE | 4.09 |  |  |
| CCCIT 2018-A6 A6 | 3.210 | US | 4.08 |  |  |
| AMXCA 2017-7 A | 2.350 | US | 4.04 |  |  |
| LNCR 2022-CRE7 A | 3.834 | KY | 3.93 |  |  |
| ERLS 2019-NPL2 A | 2.180 | IE | 3.65 |  |  |
| HIPO HIPO-10 A2 | 0.340 | ES | 3.54 |  |  |
| Total |  |  | 52.77 |  |  |
| Asset allocation |  |
| --- | --- |
| Top 10 holdings |  | Portfolio allocation |  |
| Name | % of Fund | Asset type | Weight % |
| BANCO BILBAO VIZCAYA ARG JR SUBORDINA REGS 12/99 VAR | 7.39 | Fixed-to-Floater Dated | 73.51 |
| ABEILLE VIE SA D ASSURAN SUBORDINATED REGS 09/33 6.25 | 4.40 | Fixed-Dated | 12.33 |
| BNP PARIBAS SR UNSECURED REGS 06/27 VAR | 4.38 | Fixed-to-Floater Perpetual | 9.41 |
| ING GROEP NV SUBORDINATED REGS 08/33 VAR | 4.23 | FX Forwards Derivatives Hedging | -0.13 |
| WESTPAC BANKING CORP SUBORDINATED REGS 05/31 VAR | 4.21 | Cash | 4.87 |
| DE VOLKSBANK NV SUBORDINATED REGS 10/30 VAR | 3.95 | Total | 100.0 |
| ING GROEP NV SUBORDINATED REGS 06/32 VAR | 3.73 |  |  |
| COOPERATIEVE RABOBANK UA SR UNSECURED REGS 09/26 | 3.49 |  |  |
| SOCIETE GENERALE SR UNSECURED REGS 09/28 VAR | 3.27 |  |  |
| CNP ASSURANCES SUBORDINATED REGS 07/50 VAR | 3.20 |  |  |
| Total | 42.25 |  |  |

Translation (ENFR, 2022-11-30):
| Allocation des actifs |  |
| --- | --- |
| 10 positions les plus importantes |  | Allocation du portefeuille |  |
| Nom | % du fonds | Type d'actif | Pondération % |
| BANCO BILBAO VIZCAYA ARG JR SUBORDINA REGS 12/99 VAR | 7.39 | Taux fixe à variable | 73.51 |
| ABEILLE VIE SA D ASSURAN SUBORDINATED REGS 09/33 6.25 | 4.40 | Taux fixe | 12.33 |
| BNP PARIBAS SR UNSECURED REGS 06/27 VAR | 4.38 | Obligation perpétuelle à taux fixe-à-variable | 9.41 |
| ING GROEP NV SUBORDINATED REGS 08/33 VAR | 4.23 | Couverture de dérivés de contrats de change à terme | -0.13 |
| WESTPAC BANKING CORP SUBORDINATED REGS 05/31 VAR | 4.21 | Liquidités | 4.87 |
| DE VOLKSBANK NV SUBORDINATED REGS 10/30 VAR | 3.95 | Total | 100.0 |
| ING GROEP NV SUBORDINATED REGS 06/32 VAR | 3.73 |  |  |
| COOPERATIEVE RABOBANK UA SR UNSECURED REGS 09/26 | 3.49 |  |  |
| SOCIETE GENERALE SR UNSECURED REGS 09/28 VAR | 3.27 |  |  |
| CNP ASSURANCES SUBORDINATED REGS 07/50 VAR | 3.20 |  |  |
| Total | 42.25 |  |  |
# Marketing Material - Data as of 30.11.2022 NAV per share USD 12.7691
Fund description	Risk profile
The investment objective of the Fund is to achieve absolute return regardless of market conditions. The Fund seeks to achieve this

Translation (ENFR, 2022-11-30):
# Documentation de marketing - Données au 30.11.2022 VNI USD 12,7691
Description du fonds	Profil de risque
Consiste à générer un rendement absolu quelles que soient les conditions de marché. Le Fonds cherche à atteindre cet objectif en
| Rolling performance |  |
| --- | --- |
| February- | 2018/ | 2019/ | 2020/ | 2021/ | 2022/ |
| February(%) | 2019 | 2020 | 2021 | 2022 | 2023 |
| Fund | 0.88 | 2.38 | 10.92 | 9.39 | 13.51 |
| Benchmark | 0.82 | 0.82 | 0.30 | 0.15 | 1.96 |

Translation (ENFR, 2023-02-28):
| Performance glissante |  |
| --- | --- |
| février- | 2018/ | 2019/ | 2020/ | 2021/ | 2022/ |
| février(%) | 2019 | 2020 | 2021 | 2022 | 2023 |
| Fonds | 0,88 | 2,38 | 10,92 | 9,39 | 13,51 |
| Indice de référence | 0,82 | 0,82 | 0,30 | 0,15 | 1,96 |
| YTD | 1M | 3M | 1Y | 3Y | 5Y | Since launch |  | 3Y | 5Y | Since launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 17.48 | -2.89 | 2.89 | 32.22 | 46.87 | 61.04 | 257.39 | 13.64 | 10.00 | 8.24 |
| Benchmark | 15.55 | -3.80 | 0.37 | 27.63 | 31.98 | 57.78 | 155.78 | 9.67 | 9.55 | 6.02 |
| Rolling performance |  |  |  |  |  |  |  |  |  |  |
| September- |  | 2016/ |  |  | 2017/ |  | 2018/ | 2019/ |  | 2020/ |
| September(%) |  | 2017 |  |  | 2018 |  | 2019 | 2020 |  | 2021 |
| Fund |  | 15.24 |  |  | -4.85 |  | 2.18 | 8.70 |  | 32.22 |
| Benchmark |  | 19.24 |  |  | 0.26 |  | 6.56 | -2.96 |  | 27.63 |

Translation (ENFR, 2021-09-30):
|  | Depuis début d'année | 1 mois | 3 mois | 1 an | 3 ans | 5 ans  Depuis le lancement |  | 3 ans | 5 ans | Depuis le lancement |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fonds | 17,48 | -2,89 | 2,89 | 32,22 | 46,87 | 61,04	257,39 |  | 13,64 | 10,00 | 8,24 |
| Indice de référence | 15,55 | -3,80 | 0,37 | 27,63 | 31,98 | 57,78	155,78 |  | 9,67 | 9,55 | 6,02 |
| Performance glissante |  |  |  |  |  |
| septembre- | 2016/ | 2017/ | 2018/ | 2019/ | 2020/ |
| septembre(%) | 2017 | 2018 | 2019 | 2020 | 2021 |
| Fonds | 15,24 | -4,85 | 2,18 | 8,70 | 32,22 |
| Indice de référence | 19,24 | 0,26 | 6,56 | -2,96 | 27,63 |
# Marketing Material - Data as of 31.08.2020 NAV per share CHF 1,431.82
Fund description	Risk profile

## Investment objective:
The fund invests predominantly in money market investments and variable or fixed-income securities in CHF. The investment objective consists of achieving current income in accordance with the money market while aiming for high levels of liquidity and security of the capital. The fund enables efficient investment of liquid assets.
Opportunities:	

### The fund invests in broadly diversified money market instruments with high credit ratings and thus offers attractive options for managing cash positions.
A highly qualified and experienced management actively manages the fund on the basis of a fundamental valuation approach. The objective is to identify the potential investments that, in the Investment manager's opinion, are most attractive and to generate interesting and profitable opportunities for investors.
Risk factors:	

### Credit Risk / Debt Securities: Bonds may be subject to significant fluctuations in value. Bonds are subject to credit risk and interest rate risk.

### Interest Rate Risk: A rise or fall in interest rates causes fluctuations in the value of fixed income securities, which may result in a decline or an increase in the value of such investments.

### Capital at Risk: All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.

Translation (ENFR, 2020-08-31):
# Documentation de marketing - Données au 31.08.2020 VNI CHF 1.431,82
Description du fonds	Profil de risque

### Le fonds investit principalement dans des placements sur le marché monétaire et dans des titres à revenu variable ou fixe libellés

## Objectif

### en CHF. L'objectif de placement consiste à générer un rendement courant qui évolue en fonction du marché monétaire, tout en
d'investissement :

### assurant un niveau de liquidité élevé et la sauvegarde du capital. Le fonds permet aux investisseurs de placer leurs actifs liquides de manière efficace.
Opportunités :	
Le fonds investit de manière largement diversifiée dans des titres du marché monétaire présentant une qualité de crédit élevée et offre de ce fait des possibilités attrayantes en termes de gestion des liquidités.
Le fonds est géré de manière active par une équipe qualifiée, selon une approche fondamentale visant à identifier les placements que le gestionnaire financier considère comme étant les plus prometteurs et à offrir aux investisseurs des opportunités de gains intéressantes.
# Fund performance
Performance in %	

### Cumulative	Annualised
| YTD	1M	3M	1Y	3Y	5Y | Since launch | 3Y | 5Y | Since launch |
| --- | --- | --- | --- | --- |
| Fund | 1.50 | 1.02 | 2.86 | 2.02 | -1.31 | -1.29 | 13.41 | -0.44 | -0.26 | 1.51 |
| Index for comparison | 18.01 | 1.87 | 6.43 | 32.81 | 26.91 | 55.23 | 100.76 | 8.27 | 9.19 | 8.65 |
| Rolling performance |  |  |  |  |  |  |  |  |  |  |
| July- |  | 2016/ |  |  | 2017/ |  | 2018/ | 2019/ |  | 2020/ |
| July(%) |  | 2017 |  |  | 2018 |  | 2019 | 2020 |  | 2021 |
| Fund |  | -3.90 |  |  | 4.08 |  | -1.89 | -1.41 |  | 2.02 |
| Index for comparison |  | 14.19 |  |  | 7.11 |  | 2.28 | -6.57 |  | 32.81 |


## Performance - % Growth	Fund statistics*

### Statistic	Fund	Benchmark

### Alpha (%)	0.08	n.a.

### Beta	0.08	n.a.

### Correlation	0.19	n.a.

### Sharpe Ratio**	0.30	0.66

### Maximum drawdown	-14.38	-22.48

### Annualised standard deviation (%)	5.86	13.43

### * Computed since inception

### ** Risk free rate is Average EUR 1 Month Deposit Rate

## Calendar year performance

### WKN A1T7KZ

### Data sources GAM, MSCI

### Key information regarding the share class:

### 1 Excludes administration and custodian fees. Please see the current fund prospectus for further details on fees and charges.

Translation (ENFR, 2021-07-31):
# Performance du Fonds
Evolution de la valeur liquidative en %	
Cumulée	Annualisée
Commission de performance 0,00% au 31.12.2020 financial year
ISIN LU0492933568
Depuis début
d'année
1 mois  3 mois	1 an	3 ans	5 ans  Depuis le
lancement
3 ans	5 ans Depuis le lancement
SEDOL B99L3D0
Valoren 11112312
Fonds	1,50	1,02	2,86	2,02	-1,31	-1,29	13,41	-0,44	-0,26	1,51
Indice de comparison	18,01	1,87	6,43	32,81	26,91	55,23	100,76	8,27	9,19	8,65

## Performance glissante
WKN A1T7KZ
Sources des données GAM, MSCI
Informations clés sur la classe de parts:
1 Hors commission d’administration et droits de
juillet- juillet(%)
2016/
2017
2017/
2018
2018/
2019
2019/
2020
2020/
2021
garde. Veuillez consulter le prospectus du fonds en vigueur pour de plus amples informations sur les commissions et frais.
Fonds	-3,90	4,08	-1,89	-1,41	2,02
Indice de comparison	14,19	7,11	2,28	-6,57	32,81

## Performance – croissance en %	Statistiques du fonds*
Statistiques	Fonds  Indice de référence
Alpha (%)	0,08	n.d.
Bêta	0,08	n.d.
Corrélation	0,19	n.d.
Ratio de Sharpe**	0,30	0,66
Baisse maximum	-14,38	-22,48
Ecart-type annualisé en %	5,86	13,43
* Calculé depuis le lancement
** Le taux sans risque correspond aux taux de dépôt moyen en EUR à 1 mois
Performance par année civile
## Largest positions	Structure by country
Security	Interest rate (%)	Country	%
KZOKZ 6 3/8 10/24/48	6.375	KZ	5.21
OCPMR 6 7/8 04/25/44	6.875	MA	5.17
NGERIA 8 3/8 03/24/29	8.375	NG	5.05
PETBRA 6.85 06/05/2115	6.850	BR	4.13
PNGIB 8 3/8 10/04/28	8.375	PG	3.90
Total	23.46

Translation (ENFR, 2022-03-31):
## Les plus grandes positions	Répartition par pays
Titre	Taux d'intér (%)	Pays	%
KZOKZ 6 3/8 10/24/48	6.375	KZ	5.21
OCPMR 6 7/8 04/25/44	6.875	MA	5.17
NGERIA 8 3/8 03/24/29	8.375	NG	5.05
PETBRA 6.85 06/05/2115	6.850	BR	4.13
PNGIB 8 3/8 10/04/28	8.375	PG	3.90
Total	23.46
| Asset allocation |  |
| --- | --- |
| Top 10 holdings |  |  | Currency exposure |  |
| Name | Industry | % of Fund | Name | % of Fund |
| Apple | Information Technology | 4.5 | US Dollar | 98.2 |
| McDonald's | Consumer Discretionary | 3.2 | Euro | 0.7 |
| Amazon.Com | Consumer Discretionary | 3.1 | Pound Sterling | 0.3 |
| Facebook | Communication Services | 2.5 | Swiss Franc | 0.3 |
| NVIDIA | Information Technology | 1.9 | South Korean Won | 0.2 |
| Danaher | Healthcare | 1.9 | Other | 0.2 |
| Microsoft | Information Technology | 1.8 |  |  |
| Procter & Gamble Co/The | Consumer Staples | 1.6 |  |  |
| S&P500 EMINI FUT Sep20 | Index Futures | 1.5 |  |  |
| Merck & Company | Healthcare | 1.5 |  |  |
| Total |  | 23.5 |  |  |
| Industry breakdown |  |  |  |  |

Translation (ENFR, 2020-08-31):
| Allocation des actifs |  |
| --- | --- |
| 10 positions les plus importantes |  |  | Exposition au risque de change |  |
| Nom | Secteur | % du fonds | Nom | % du fonds |
| Apple | Technologie d’informations | 4,5 | Dollar US | 98,2 |
| McDonald's | Biens de consommation | 3,2 | Euro | 0,7 |
| Amazon.Com | Biens de consommation | 3,1 | Livre sterling | 0,3 |
| Facebook | Services de | 2,5 | Franc suisse | 0,3 |
| NVIDIA | Technologie d’informations | 1,9 | Won sud-coréen | 0,2 |
| Danaher | Santé | 1,9 | Autres | 0,2 |
| Microsoft | Technologie d’informations | 1,8 |  |  |
| Procter & Gamble Co/The | Biens de consommation de | 1,6 |  |  |
| S&P500 EMINI FUT Sep20 | Contrats à terme indexés | 1,5 |  |  |
| Merck & Company | Santé | 1,5 |  |  |
| Total |  | 23,5 |  |  |
| Répartition sectorielle |  |  |  |  |
| Asset allocation |  |
| --- | --- |
| Top 10 holdings |  |  | Currency exposure |  |
| Name | Industry | % of Fund | Name | % of Fund |
| Citigroup | Financials | 6.1 | US Dollar | 88.9 |
| Alibaba Group Holding | Consumer Discretionary | 4.4 | Canadian Dollar | 6.7 |
| Freeport-McMoRan | Materials | 4.4 | Hong Kong Dollar | 4.4 |
| Fiserv | Information Technology | 4.4 |  |  |
| Nutrien | Materials | 4.3 |  |  |
| Conoco Phillips | Energy | 4.3 |  |  |
| Fidelity National Information Services | Information Technology | 4.2 |  |  |
| West Fraser Timber | Materials | 4.0 |  |  |
| Lennar A | Consumer Discretionary | 4.0 |  |  |
| Alliance Data Systems | Information Technology | 3.9 |  |  |
| Total |  | 44.0 |  |  |

Translation (ENFR, 2021-06-30):
| Allocation des actifs |  |
| --- | --- |
| 10 positions les plus importantes |  |  | Exposition au risque de change |  |
| Nom | Secteur | % du fonds | Nom | % du fonds |
| Citigroup | Services financiers | 6,1 | Dollar US | 88,9 |
| Alibaba Group Holding | Biens de consommation cyclique | 4,4 | Dollar canadien | 6,7 |
| Freeport-McMoRan | Matériaux | 4,4 | Dollar de Hong Kong | 4,4 |
| Fiserv | Technologie d’informations | 4,4 |  |  |
| Nutrien | Matériaux | 4,3 |  |  |
| Conoco Phillips | Énergie | 4,3 |  |  |
| Fidelity National Information Services | Technologie d’informations | 4,2 |  |  |
| West Fraser Timber | Matériaux | 4,0 |  |  |
| Lennar A | Biens de consommation cyclique | 4,0 |  |  |
| Alliance Data Systems | Technologie d’informations | 3,9 |  |  |
| Total |  | 44,0 |  |  |
| Asset allocation |  |
| --- | --- |
| Largest positions |  |  | Structure by country |  |
| Security | Country | % |  |  |
| Hermes International | FR | 7.24 |  |  |
| LVMH Moet Hennessy SA | FR | 7.06 |  |  |
| Nike Inc | US | 5.81 |  |  |
| Estée Lauder Cos | US | 5.80 |  |  |
| Kering | FR | 5.23 |  |  |

Translation (ENFR, 2020-08-31):
| Allocation des actifs |  |
| --- | --- |
| Les plus grandes positions |  |  | Répartition par pays |  |
| Titre | Pays | % |  |  |
| Hermes International | FR | 7.24 |  |  |
| LVMH Moet Hennessy SA | FR | 7.06 |  |  |
| Nike Inc | US | 5.81 |  |  |
| Estée Lauder Cos | US | 5.80 |  |  |
| Kering | FR | 5.23 |  |  |
# Contact details
## GAM Fund Management Limited George's Court

## 54-62 Townsend Street

## Dublin 2, Ireland

## Freephone: 0800 919 927 (UK only)

## Tel: +353 (0) 1 6093927

## Fax: +353 (0) 1 6117941

## For updates on this fund see www.gam.com. Access may be subject to certain restrictions.

Translation (ENFR, 2022-03-31):
# Détails du contact
### GAM Fund Management Limited George’s Court

### 54-62 Townsend Street

### Dublin 2, Irlande

### Numéro gratuit: 0800 919 927 (GB uniquement)

### Tél.: +353 (0) 1 6093927

### Fax: +353 (0) 1 6117941
| Asset allocation |  |
| --- | --- |
| Largest positions |  |  | Structure by commodity groups |
| Security | Country | % |  |
| Natural Gas | US | 17.20 |  |
| Gold | US | 11.84 |  |
| Crude Oil WTI | US | 8.63 |  |
| Brent Crude | GB | 7.62 |  |
| Corn | US | 5.97 |  |
| Total |  | 51.26 |  |

Translation (ENFR, 2022-08-31):
| Allocation des actifs |  |
| --- | --- |
| Les plus grandes positions |  |  | Répartition par groupes de matières premières |
| Titre | Pays | % |  |
| Natural Gas | US | 17.20 |  |
| Or | US | 11.84 |  |
| Crude Oil WTI | US | 8.63 |  |
| Brent Crude | GB | 7.62 |  |
| Corn | US | 5.97 |  |
| Total |  | 51.26 |  |
# Asset allocation
## Largest positions	Structure by country
Security	Country	%
UnitedHealth Group Inc	US	7.09
Bristol Myers Squibb	US	5.23
Gilead Sciences Inc	US	5.16
Johnson & Johnson	US	4.84
Roche Holding GS	CH	4.64
Total	26.96

Translation (ENFR, 2021-07-31):
# Allocation des actifs
## Les plus grandes positions	Répartition par pays
Titre	Pays	%
UnitedHealth Group Inc	US	7.09
Bristol Myers Squibb	US	5.23
Gilead Sciences Inc	US	5.16
Johnson & Johnson	US	4.84
Roche Holding GS	CH	4.64
Total	26.96
| Asset allocation |  |
| --- | --- |
| Top 10 holdings |  | Portfolio allocation |  |
| Name | % of Fund | Asset type | Weight % |
| BANCO BILBAO VIZCAYA ARG JR SUBORDINA REGS 12/99 VAR | 5.79 | Fixed-to-Floater Dated | 68.86 |
| ING GROEP NV SUBORDINATED REGS 08/33 VAR | 5.35 | Fixed-Dated | 13.64 |
| ABEILLE VIE SA D ASSURAN SUBORDINATED REGS 09/33 6.25 | 4.47 | Fixed-to-Floater Perpetual | 8.85 |
| CNP ASSURANCES SUBORDINATED REGS 07/53 VAR | 3.58 | FX Forwards Derivatives Hedging | -0.05 |
| AXA SA SUBORDINATED REGS 10/41 VAR | 3.28 | Cash | 8.70 |
| WESTPAC BANKING CORP SUBORDINATED REGS 05/31 VAR | 3.16 | Total | 100.0 |
| DE VOLKSBANK NV JR SUBORDINA REGS 12/99 VAR | 3.05 |  |  |
| ABN AMRO BANK NV SR UNSECURED REGS 02/30 4.25 | 3.05 |  |  |
| NN GROUP NV SUBORDINATED REGS 03/43 VAR | 2.95 |  |  |
| STOREBRAND LIVSFORSIKRIN SUBORDINATED REGS 09/51 | 2.70 |  |  |
| Total | 37.39 |  |  |

Translation (ENFR, 2023-06-30):
| Allocation des actifs |  |
| --- | --- |
| 10 positions les plus importantes |  | Allocation du portefeuille |  |
| Nom | % du fonds | Type d'actif | Pondération % |
| BANCO BILBAO VIZCAYA ARG JR SUBORDINA REGS 12/99 VAR | 5.79 | Taux fixe à variable | 68.86 |
| ING GROEP NV SUBORDINATED REGS 08/33 VAR | 5.35 | Taux fixe | 13.64 |
| ABEILLE VIE SA D ASSURAN SUBORDINATED REGS 09/33 6.25 | 4.47 | Obligation perpétuelle à taux fixe-à-variable | 8.85 |
| CNP ASSURANCES SUBORDINATED REGS 07/53 VAR | 3.58 | Couverture de dérivés de contrats de change à terme | -0.05 |
| AXA SA SUBORDINATED REGS 10/41 VAR | 3.28 | Liquidités | 8.70 |
| WESTPAC BANKING CORP SUBORDINATED REGS 05/31 VAR | 3.16 | Total | 100.0 |
| DE VOLKSBANK NV JR SUBORDINA REGS 12/99 VAR | 3.05 |  |  |
| ABN AMRO BANK NV SR UNSECURED REGS 02/30 4.25 | 3.05 |  |  |
| NN GROUP NV SUBORDINATED REGS 03/43 VAR | 2.95 |  |  |
| STOREBRAND LIVSFORSIKRIN SUBORDINATED REGS 09/51 | 2.70 |  |  |
| Total | 37.39 |  |  |
| Asset allocation |  |
| --- | --- |
| Top 10 holdings |  |  | Currency exposure |  |
| Name | Industry | % of Fund | Name | % of Fund |
| Alphabet A | Communication Services | 3.8 | US Dollar | 97.9 |
| Charles Schwab Corp/The | Financials | 2.4 | Pound Sterling | 0.9 |
| Amazon.Com | Consumer Discretionary | 2.2 | Euro | 0.7 |
| S&P500 EMINI FUT Jun22 | Non-sector specific | 1.8 | Canadian Dollar | 0.4 |
| Oracle | Information Technology | 1.8 | South Korean Won | 0.2 |
| Procter & Gamble Co/The | Consumer Staples | 1.7 |  |  |
| American Express | Financials | 1.6 |  |  |
| Merck & Company | Healthcare | 1.6 |  |  |
| United Parcel Service B | Industrials | 1.5 |  |  |
| Coca-Cola Co/The | Consumer Staples | 1.5 |  |  |
| Total |  | 19.9 |  |  |

Translation (ENFR, 2022-03-31):
| Allocation des actifs |  |
| --- | --- |
| 10 positions les plus importantes |  |  | Exposition au risque de change |  |
| Nom | Secteur | % du fonds | Nom | % du fonds |
| Alphabet A | Services de communication | 3,8 | Dollar US | 97,9 |
| Charles Schwab Corp/The | Services financiers | 2,4 | Livre sterling | 0,9 |
| Amazon.Com | Biens de consommation cyclique | 2,2 | Euro | 0,7 |
| S&P500 EMINI FUT Jun22 | Non spécifique à un secteur | 1,8 | Dollar canadien | 0,4 |
| Oracle | Technologie d’informations | 1,8 | Won sud-coréen | 0,2 |
| Procter & Gamble Co/The | Biens de consommation de base | 1,7 |  |  |
| American Express | Services financiers | 1,6 |  |  |
| Merck & Company | Santé | 1,6 |  |  |
| United Parcel Service B | Industrie | 1,5 |  |  |
| Coca-Cola Co/The | Biens de consommation de base | 1,5 |  |  |
| Total |  | 19,9 |  |  |