# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 31/12/2012 to 30/12/2022* (Source: Fund Admin)
140

## Risk & Reward Profile (SRRI) (Source: Fund Admin)
130
120
110
100
12/12
06/13
12/13
06/14
12/14
06/15
12/15
06/16
12/16
06/17
12/17
06/18
12/18
06/19
12/19
06/20
12/20
06/21
12/21
06/22
12/22
90

### Portfolio	Benchmark
Lower risk, potentially lower rewards Higher risk, potentially higher rewards

### The SRRI represents the risk and return profile as presented in the Key Investor Information Document (KIID). The lowest category does not imply that there is

### The risk level of this Sub-Fund mainly reflects the market risk arising from investments in Eurozone government or assimilated bonds and corporate bonds.

## Additional Risks

### Important risks materially relevant to the Sub-Fund which are not adequately captured by the indicator:

### Credit risk: represents the risks associated with an issuer’s sudden downgrading of its signature’s quality or its default.

### Liquidity risk: in case of low trading volume on financial

### A : Performance of the Sub-Fund since the date of its launch

## Cumulative Returns * (Source: Fund Admin)
|  | YTD | 1 month | 3 months | 1 year | 3 years | 5 years | Since |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Since | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 29/12/2017 | 14/12/2004 |
| Portfolio | -16.72% | -3.29% | -0.29% | -16.72% | -16.77% | -12.68% | 39.93% |
| Benchmark | -17.17% | -3.64% | -1.21% | -17.17% | -16.28% | -10.91% | 49.92% |
| Spread | 0.46% | 0.35% | 0.91% | 0.46% | -0.49% | -1.77% | -9.99% |
| Calendar year performance * (Source: Fund Admin) |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Portfolio | -16.72% | -3.38% | 3.43% | 7.10% | -2.03% | 2.32% | 0.81% | 0.98% | 11.60% | 3.44% |
| Benchmark | -17.17% | -2.85% | 4.05% | 5.98% | 0.41% | 0.68% | 3.32% | 1.00% | 11.10% | 2.17% |
| Spread | 0.46% | -0.53% | -0.62% | 1.11% | -2.44% | 1.64% | -2.52% | -0.02% | 0.50% | 1.27% |

* Source: Fund Admin. The above results pertain to full 12-month period per calendar year. All performances are calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. The value of investments may vary upwards or downwards according to market conditions.

### markets, any buy or sell trade on these markets may lead to important market variations/fluctuations that may impact your portfolio valuation.

### Counterparty risk: represents the risk of default of a market participant to fulfil its contractual obligations vis-à- vis your portfolio.

### Operational risk: this is the risk of default or error within the different service providers involved in managing and valuing your portfolio.

### The occurrence of any of these risks may have an impact on the net asset value of your portfolio.
© 2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
|  | Portfolio | Benchmark |  |  | Inception to date |  |  | 1 year | 3 years | 5 years |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Modified duration ¹ | 5.65 | 6.28 |  | Maximum drawdown | -20.68% |  | Portfolio volatility | 7.03% | 5.93% | 4.95% |
| Average Rating | BBB+ | A- |  | Worst month | 03/2020 |  | Benchmark volatility | 7.97% | 5.57% | 4.66% |
| SWMD | 7.93% | 5.84% |  | Lowest return | -6.65% |  | Ex-post Tracking Error | 2.03% | 2.40% | 1.98% |
| Spread ² | 138 | 90 |  | Best month | 11/2008 |  | Information ratio | 0.23 | -0.07 | -0.20 |
| Number of Lines | 258 | 6,887 |  | Highest return | 3.94% |  | Portfolio sharpe ratio | -2.38 | -0.98 | -0.47 |

Translation (ENES, 2022-12-31):
# Rentabilidades (Fuente: Fund Admin) - El rendimiento pasado no garantiza los resultados futuros
## Evolución de la rentabilidad (base 100) * (Fuente: Fund Admin)
140
120
100
12/12
06/13
12/13
06/14
12/14
06/15
12/15
06/16
12/16
06/17
12/17
06/18
12/18
06/19
12/19
06/20
80

### Cartera (105,00)	Índice de referencia (106,26)

## Indicadores de Riesgo (Fuente : Fund Admin)

### 1 año  3 años 5 años

### Volatilidad de la cartera	7,03%  5,93%  4,95%
La volatilidad es un indicador estadístico que mide la amplitud de las variaciones de un activo respecto a su media. Ejemplo: unas variaciones diarias de +/- 1,5% en los mercados corresponden a una volatilidad anual del 25%.

## Indicadores (Fuente : Amundi)

### Cartera	Índice

### Sensibilidad ¹	5,65	6,28

### ¹ La sensibilidad (en puntos) representa el cambio porcentual del precio para una evolución del 1% del tipo de referencia
12/20
06/21
12/21
06/22
12/22

### A : Rendimiento del Subfondo desde la fecha de su lanzamiento
| Rentabilidades * (Fuente: Fund Admin) |
| --- |
|  | Desde el | 1 mes | 3 meses | 1 año | 3 años | 5 años | Desde el |
| Desde el | 31/12/2021 | 30/11/2022 | 30/09/2022 | 31/12/2021 | 31/12/2019 | 29/12/2017 | 14/12/2004 |
| Cartera | -16,72% | -3,29% | -0,29% | -16,72% | -16,77% | -12,68% | 39,93% |
| Índice | -17,17% | -3,64% | -1,21% | -17,17% | -16,28% | -10,91% | 49,92% |
| Diferencia | 0,46% | 0,35% | 0,91% | 0,46% | -0,49% | -1,77% | -9,99% |
| Rentabilidades anuales * (Fuente: Fund Admin) |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Cartera | -16,72% | -3,38% | 3,43% | 7,10% | -2,03% | 2,32% | 0,81% | 0,98% | 11,60% | 3,44% |
| Índice | -17,17% | -2,85% | 4,05% | 5,98% | 0,41% | 0,68%	3,32%	1,00% | 11,10% | 2,17% |
| Diferencia | 0,46% | -0,53% | -0,62% | 1,11% | -2,44% | 1,64%	-2,52%	-0,02% | 0,50% | 1,27% |

* Fuente : Fund Admin. Las rentabilidades siguientes cubren períodos completos de 12 meses para cada año natural. El valor de las inversiones puede variar al alza o a la baja en función de la evolución de los mercados.