# Portfolio Structure ⁶
Rating Breakdown (%) (weighted by market value) ⁷
Top 10 Holdings (%)
AAA AA A BBB BB
Others Cash
0.0
0.6
2.9
2.6
0.0
0.2
0.0
0.0
11.2
11.0
34.4
| KONINKLIJKE PHILIPS NV EMTN FIX 2.125% 05.11.2029 | 1.13 |
| --- | --- |
| BPCE SA EMTN FIX TO FLOAT 0.500% 14.01.2028 | 1.06 |
| TERNA RETE ELETTRICA EMTN FIX 1.000% 10.04.2026 | 1.00 |
| GENERAL MILLS INC FIX 0.125% 15.11.2025 | 0.98 |
| BANCO SANTANDER SA EMTN FIX TO FLOAT 0.625% 24.06.2029 | 0.98 |
| PEARSON FUNDING PLC FIX 1.375% 06.05.2025 | 0.97 |
| KBC GROUP NV EMTN FIX TO FLOAT 0.375% 16.06.2027 | 0.95 |
| E.ON SE EMTN FIX 2.875% 26.08.2028 | 0.93 |
| MERCK KGAA FIX TO FLOAT 1.625% 09.09.2080 | 0.88 |
| ACCIONA ENERGIA FINANCIA EMTN FIX 0.375% 07.10.2027 | 0.88 |
| Total	9.76 |

44.7
48.9
43.5
0	15	30	45	60
n
Fund 
n
Benchmark
Issuer/type of issue Breakdown (%) (weighted by market value)
Country/Location Breakdown (%) (weighted by market value)
| Corporate Governments |  | 0.0 | 8.7 | 80.5 | 99.4 | France Netherl., Belg., Austria Germany |  |  |  |  | 9.5 |  | 14.5 | 17.8 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Others | -0.2 | 0.0 |  |  |  | Spain |  |  |  |  | 9.3 |  |  |  |
| Cash Emerging Markets |  | 0.0 0.0 0.5 | 11.0 |  |  | Italy Switzerland, Scandinavia United Kingdom |  |  | 5.3 | 7.7 7.4 |  |  |  |  |
|  | Ireland |  | 3.3 |  |  |  |  |  |  |
| Portugal | 1.3 |  |  |  |  |  |  |  |
| Eastern Europe Developed | 0.5 |  |  |  |  |  |  |  |
| Developed ex Europe |  |  |  |  |  | 11.2 |  |  |
| Lux., Offshore Domiciles | 0.6 |  |  |  |  |  |  |  |
| Supranational | 0.7 |  |  |  |  |  |  |  |
| Cash, Other, NA |  |  |  |  |  | 11.0 |  |  |

-25	0	25	50	75	100
n
Fund 
n
Benchmark
0	5	10	15	20
n
Fund

Translation (ENFR, 2022-08-31):
# Structure du fonds ⁷
par notations financières en % (en fonction de la valeur sur le marché) ⁸
10 principales lignes du fonds (%)
AAA AA A BBB BB
Autres Liquidité
0,0
0,6
2,9
2,6
0,0
0,2
0,0
0,0
11,2
11,0
34,4
| KONINKLIJKE PHILIPS NV EMTN FIX 2.125% 05.11.2029 | 1,13 |
| --- | --- |
| BPCE SA EMTN FIX TO FLOAT 0.500% 14.01.2028 | 1,06 |
| TERNA RETE ELETTRICA EMTN FIX 1.000% 10.04.2026 | 1,00 |
| GENERAL MILLS INC FIX 0.125% 15.11.2025 | 0,98 |
| BANCO SANTANDER SA EMTN FIX TO FLOAT 0.625% 24.06.2029 | 0,98 |
| PEARSON FUNDING PLC FIX 1.375% 06.05.2025 | 0,97 |
| KBC GROUP NV EMTN FIX TO FLOAT 0.375% 16.06.2027 | 0,95 |
| E.ON SE EMTN FIX 2.875% 26.08.2028 | 0,93 |
| MERCK KGAA FIX TO FLOAT 1.625% 09.09.2080 | 0,88 |
| ACCIONA ENERGIA FINANCIA EMTN FIX 0.375% 07.10.2027 | 0,88 |
| Total	9,76 |

44,7
48,9
43,5
0	15	30	45	60
n
Fonds  
n
Indice de référence
par émetteur/genre d’emprunt en % (en fonction de la valeur sur le marché)
| 80,5 8,7 | France 99,4	 PB., Belg., Autriche |  |  |  |  |  |  | 14,5 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | Allemagne |  |  |  |  | 9,5 |  |  |
|  | Espagne |  |  |  |  | 9,3 |  |  |
| 11,0 | Italie |  |  |  | 7,7 |  |  |  |
|  | Suisse, Scandinavie |  |  |  | 7,4 |  |  |  |
|  | Royaume-Uni |  |  | 5,3 |  |  |  |  |
|  | Irlande |  | 3,3 |  |  |  |  |  |
|  | Portugal | 1,3 |  |  |  |  |  |  |
|  | Eur. de l'Est développés | 0,5 |  |  |  |  |  |  |
|  | ex-Europe développés |  |  |  |  |  | 11,2 |  |
|  | Lux., Rés. offshores | 0,6 |  |  |  |  |  |  |
|  | Supranational | 0,7 |  |  |  |  |  |  |

Emprunts d'entreprises
Emprunts d'Etat
par pays/répartition géographique en % (en fonction de la valeur sur le marché)
17,8
Autres Liquidité
Marchés émergents
-0,2
0,0
0,0
0,0
0,0
0,5
-25	0	25	50	75	100
n
Fonds  
n
Indice de référence
Liqu., Autres, Non dispo.
11,0
0	5	10	15	20
n
Fonds