# Asset breakdown by Capital structure
In % of total economic exposure
Benchmark 
Portfolio Benchmark	
Portfolio 
| France | 15.21 | 14.62 |  |
| --- | --- | --- | --- |
| United States | 15.14 | 14.87 |  |
| Germany | 12.93 | 11.72 |  |
| Canada | 8.60 | 8.73 |  |
| Supranational | 8.00 | 7.30 |  |
| Australia | 7.55 | 7.25 |  |
| Netherlands | 6.50 | 4.06 |  |
| United Kingdom | 4.61 | 5.23 |  |
| Austria | 3.97 | 3.87 |  |
| Others | 17.50 | 22.34 |  |

| Top 10 positions |  |
| --- | --- |
| In % of total economic exposure Instrument Name | ISIN | Coupon p.a. | Maturity date | Weight |
| KFW BANKENGRUPPE | CH0022268004 | 2.50% | 25.08.2025 | 2.65% |
| BANK NEDERLANDSE GEMEENTEN | CH0021894602 | 2.50% | 21.07.2025 | 1.77% |
| JPMORGAN CHASE & CO | CH0272024669 | 0.50% | 04.12.2023 | 1.68% |
| APPLE INC | CH0271171685 | 0.38% | 25.11.2024 | 1.66% |
| NATIONWIDE BUILDING SOCIETY | CH0485445982 | 0.00% | 11.07.2025 | 1.47% |
| NV BANK NEDERLANDSE GEMEENTEN | CH0241528741 | 1.25% | 30.04.2024 | 1.37% |
| RABOBANK NEDERLAND NV | CH0026620846 | 3.13% | 15.09.2026 | 1.25% |
| KOMMUNEKREDIT | CH0285597370 | 0.63% | 09.07.2027 | 1.23% |
| CITIGROUP INC | CH0467182405 | 0.75% | 02.04.2026 | 1.18% |
| DEUTSCHE BAHN FINANCE GMBH | CH0385997108 | 0.45% | 08.11.2030 | 1.17% |
|  |  |  |  |  |
| Fund Statistics - ex post |  |  |  |  |
|  |  |  | 3 years | 5 years |
|  |  |  | Portfolio | Portfolio |
| Information ratio |  |  | -0.39 | -0.77 |
| Maximum drawdown, in % |  |  | -12.20 | -13.05 |

Translation (ENIT, 2022-11-30):
# Scomposizione patrimonio per Struttura del capitale
in % dell’esposizione economica totale
Benchmark 
Portafoglio Benchmark	
Portafoglio 
| Senior non garantito | 83.55 | 76.64 |  |
| --- | --- | --- | --- |
| Senior garantito | 13.48 | 18.60 |  |
| Senior non preferred | 1.68 | 3.75 |  |
| Liquidità | 0.79 | - |  |
| Subordinato | 0.50 | 0.51 |  |
| Altri | 0.00 | 0.49 |  |

| Francia | 15.21 | 14.62 |  |
| --- | --- | --- | --- |
| Stati Uniti | 15.14 | 14.87 |  |
| Germania | 12.93 | 11.72 |  |
| Canada | 8.60 | 8.73 |  |
| Sovranazionale | 8.00 | 7.30 |  |
| Australia | 7.55 | 7.25 |  |
| Paesi Bassi | 6.50 | 4.06 |  |
| Regno Unito | 4.61 | 5.23 |  |
| Austria | 3.97 | 3.87 |  |
| Altri | 17.50 | 22.34 |  |

| 10 migliori posizioni |  |
| --- | --- |
| in % dell’esposizione economica totale Nome strumento | ISIN | Cedola p.a. | data di scadenza | % in portafoglio |
| KFW BANKENGRUPPE | CH0022268004 | 2.50% | 25.08.2025 | 2.65% |
| BANK NEDERLANDSE GEMEENTEN | CH0021894602 | 2.50% | 21.07.2025 | 1.77% |
| JPMORGAN CHASE & CO | CH0272024669 | 0.50% | 04.12.2023 | 1.68% |
| APPLE INC | CH0271171685 | 0.38% | 25.11.2024 | 1.66% |
| NATIONWIDE BUILDING SOCIETY | CH0485445982 | 0.00% | 11.07.2025 | 1.47% |
| NV BANK NEDERLANDSE GEMEENTEN | CH0241528741 | 1.25% | 30.04.2024 | 1.37% |
| RABOBANK NEDERLAND NV | CH0026620846 | 3.13% | 15.09.2026 | 1.25% |
| KOMMUNEKREDIT | CH0285597370 | 0.63% | 09.07.2027 | 1.23% |
| CITIGROUP INC | CH0467182405 | 0.75% | 02.04.2026 | 1.18% |
| DEUTSCHE BAHN FINANCE GMBH | CH0385997108 | 0.45% | 08.11.2030 | 1.17% |
|  |  |  |  |  |
| Statistiche del fondo - ex post |  |  |  |  |
|  |  |  | 3 anni | 5 anni |
|  |  |  | Portafoglio | Portafoglio |
| Information ratio |  |  | -0.39 | -0.77 |
| Massimo drawdown, in % |  |  | -12.20 | -13.05 |