OVHaiLLM/Flipper huggingface dataset:
# Portfolio Breakdown
Top 10 Holdings (% of asset)
American Express Co5.09
Marriott International -Cl A4.91
Hilton Worldwide Holdings In4.77
Visa Inc-Class A Shares4.65
Hermes International4.61
Lvmh Moet Hennessy Louis Vui4.53
|  |  |  |
| --- | --- | --- |
|  |
| Essilorluxottica | 4.33 | Cash | 2.00 |  |  |  |  |  |  |
| Lululemon Athletica Inc | 4.29 | 0 | 5 | 10 | 15 | 20 | 25 | 30	35	40 |
| Cie Financiere Richemont-Reg | 4.24 |  |  |  |  |  |  |  |  |
| Risk Country (% of asset) |  |  |  |  |  |  |  |  |  |

Ferrari Nv4.35
Sector breakdown (% of asset)	

#### Luxury
38.96

#### Food & Drinks
17.33

#### Sport 
12.51

#### Travel & Tourism 
12.22

#### Cosmetics 
10.65

#### Leisure
6.32

#### United States
46.56

#### France
24.08

#### Italy 
9.24

#### Switzerland 
7.15

#### Great Britain 
6.36

#### Japan 
2.13

#### Germany 
1.68

#### Luxembourg 
0.81

#### Cash 
2.00

#### 0	10	20	30	40	50
| Source: Pictet Asset Management |  |
| --- | --- |
| Portfolio characteristics |
| AS AT END OF NOVEMBER 2022 (OVER 3 YEARS) |  |  | Correlation | 0.91 |
| Alpha | 2.47 |  |
| Beta | 1.10 |
| Annualised volatility (%) | 24.41 |
| Information Ratio | 0.29 |
| Sharpe Ratio | 0.35 |
| Source: Pictet Asset Management |  |

Translation (ENIT, 2022-11-30):
# Composizione del portafoglio
10 posizioni principali (% del patrimonio)
American Express Co5.09
Marriott International -Cl A4.91
Hilton Worldwide Holdings In4.77
Visa Inc-Class A Shares4.65
Hermes International4.61
Lvmh Moet Hennessy Louis Vui4.53
|  |  |  |
| --- | --- | --- |
|  |
| Essilorluxottica | 4.33 | Liquidità | 2.00 |  |  |  |  |  |  |  |
| Lululemon Athletica Inc | 4.29 | 0 | 5 | 10 | 15 | 20 | 25 | 30 | 35 | 40 |
| Cie Financiere Richemont-Reg | 4.24 |  |  |  |  |  |  |  |  |  |
| Rischio associato al paese (% del patrimonio) |  |  |  |  |  |  |  |  |  |  |

Ferrari Nv4.35
Ripartizione settoriale (% del patrimonio)	
Lusso
38.96
Alimentari e bevande
17.33
Sport 
12.51
Viaggi & Turismo 
12.22
Cosmetici 
10.65
Tempo libero
6.32
Stati Uniti d'America
46.56
Francia
24.08
Italia 
9.24
Svizzera 
7.15
Gran Bretagna 
6.36
Giappone 
2.13
Germania 
1.68
Lussemburgo 
0.81
Liquidità 
2.00
0	10	20	30	40	50
| Fonte: Pictet Asset Management |  |
| --- | --- |
| Caratteristiche del portafoglio |
| A FINE NOVEMBRE 2022 (SUPERIORE A 3 ANNI) |  |  | Correlazione | 0.91 |
| Alfa | 2.47 |  |
| Beta | 1.10 |
| Volatilità annualizzata (%) | 24.41 |
| Information ratio | 0.29 |
| Indice di Sharpe | 0.35 |
| Fonte: Pictet Asset Management |  |
# Risk Country (% of asset)
United States
72.72
Great Britain 
6.05
Canada 
5.32
Netherlands 
3.95
Norway 
3.92
France 
2.24
Finland 
1.70
Spain 
1.35
Others 
2.56
Cash
0.17
0	10	20	30	40	50	60	70	80

Translation (ENIT, 2022-11-30):
# Rischio associato al paese (% del patrimonio)
Stati Uniti d'America
72.72
Gran Bretagna 
6.05
Canada 
5.32
Olanda 
3.95
Norvegia 
3.92
Francia 
2.24
Finlandia 
1.70
Spagna 
1.35
Altro 
2.56
Liquidità
0.17
0	10	20	30	40	50	60	70	80
### PORTFOLIO ASSETS
The Compartment mainly invests in short- and medium-term bonds (whose prices are less sensitive to changes in interest rates) that
are mostly denominated in US dollar (USD). The Compartment can invest across any sector and credit quality. The Compartment may also invest in money market instruments.

Translation (ENIT, 2022-11-30):
### ATTIVI DEL PORTAFOGLIO
Il Comparto investe principalmente in obbligazioni a breve e medio termine (i cui prezzi sono meno sensibili a variazioni di
tassi d'interesse) denominate prevalentemente in dollari statunitensi (USD). Il Comparto può investire in qualsiasi settore e qualità di credito. Il Comparto inoltre può investire in strumenti del mercato monetario.
#### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	4.58
Beta	1.11
Annualised volatility (%)	25.17
Information Ratio	0.49
Sharpe Ratio	0.43
Correlation	0.91
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	4.58
Beta	1.11
Volatilità annualizzata (%)	25.17
Information ratio	0.49
Indice di Sharpe	0.43
Correlazione	0.91
Fonte: Pictet Asset Management
# Value of 100 EUR invested since 14.06.2022 (Net of fees**)
Settlement date (subscription)
T+2
In accordance with the regulation in force, no information is available on performances for unit / share classes launched within the previous 12 months.
Current index: MSCI AC World Hedged to EUR valid from 14.06.2022 Source: Pictet Asset Management
*The Responsible Investment Policy is available at https://www.am.pictet/-/media/pam/pam-common-gallery/article- content/2021/pictet-asset-management/responsible-investment-policy.pdf
**Including actual ongoing charges and excluding subscription/redemption fees and taxes borne by the investor

Translation (ENIT, 2022-11-30):
# Valore di 100 EUR investito dal 14.06.2022 (Al netto delle commissioni**)
Conformemente alla normativa vigente, per le categorie di quote/azioni lanciate negli ultimi 12
Termine ultimo dell’ordine
Data di regolamento (sottoscrizione)
T CET 13:00
T+2
mesi non sono disponibili informazioni sulla performance.
Calcolo del NAV	Giornaliero

#### Indice corrente: MSCI AC World Hedged to EUR in vigore da 14.06.2022 Fonte: Pictet Asset Management

#### *La Politica per l’investimento responsabile è disponibile al link https://www.am.pictet/-/media/pam/pam-common- gallery/article-content/2021/pictet-asset-management/responsible-investment-policy.pdf

#### **Incluse le spese correnti effettive ed escluse le commissioni di sottoscrizione/rimborso e imposte a carico dell'investitore.
| PERFORMANCE |  |
| --- | --- |
| Annualised (%) |
|  |  |  |  |  |  |  | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  |  |  |  |  |  | -15.24 | -3.17 | -3.34 | 9.12 |
| Reference index |  |  |  |  |  |  | -7.13 | -0.32 | -1.91 | 8.75 |
| Cumulative (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | YTD | 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEARS | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  | 12.58 | 12.58 | 53.12 | 9.36 | -15.24 | -42.89 | -9.21 | -15.62 | 456.62 |
| Reference index |  | 11.55 | 11.55 | 51.10 | 7.76 | -7.13 | -31.20 | -0.95 | -9.21 | 420.17 |
| Calendar Year (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Fund | -30.50 | -21.35 | 40.13 | 33.07 | -19.61 | 51.17 | -2.73 | -1.45 | 3.74 | 4.82 |
| Reference index | -21.53 | -16.46 | 29.04 | 23.74 | -14.56 | 43.79 | 5.40 | -7.43 | 7.72 | 6.89 |

Translation (ENIT, 2023-01-31):
| PERFORMANCE |  |
| --- | --- |
| Annualizzata (%) |
|  |  |  |  |  |  |  | 1 ANNO | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  |  |  |  |  |  | -15.24 | -3.17 | -3.34 | 9.12 |
| Indice di riferimento |  |  |  |  |  |  | -7.13 | -0.32 | -1.91 | 8.75 |
| Cumulativa (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | Da inizio | 1 MESE | 3 MESI | 6 MESI | 1 ANNO | 2 ANNI | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  | 12.58 | 12.58 | 53.12 | 9.36 | -15.24 | -42.89 | -9.21 | -15.62 | 456.62 |
| Indice di riferimento |  | 11.55 | 11.55 | 51.10 | 7.76 | -7.13 | -31.20 | -0.95 | -9.21 | 420.17 |
| Per anno di calendario (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Fondo | -30.50 | -21.35 | 40.13 | 33.07 | -19.61 | 51.17 | -2.73 | -1.45 | 3.74 | 4.82 |
| Indice di riferimento | -21.53 | -16.46 | 29.04 | 23.74 | -14.56 | 43.79 | 5.40 | -7.43 | 7.72 | 6.89 |
## Proxy voting
57 votable meetings
Management resolutions
13%
87%
Weak
0	5	10	15	20	25	30	35
	Portfolio	Reference index	
Not applicable: portfolio 7.05% / reference index 0.43% Not covered: portfolio 26.57% / reference index 21.04%
Source: Pictet Asset Management, ISS, January 2023
in favour of all resolutions
against or abstained / withhold at least one resolution
51%
49%
0%	20%  40%  60%  80%  100%  120%
Shareholder resolutions
100%
0%	20%  40%  60%  80%  100%  120%
voted for against
Source: Pictet Asset Management, ISS, data of 2022

Translation (ENIT, 2023-01-31):
## Voto per delega
57 riunioni votabili
Delibere di gestione
13%
87%
Scarso
0	5	10	15	20	25	30	35
	Portafoglio	Indice di riferimento	
Non applicabile: % del portafoglio 7.05 / % dell’indice di riferimento 0.43 Non coperto: % del portafoglio 26.57 / % dell’indice di riferimento 21.04
Fonte: Pictet Asset Management, ISS, gennaio 2023
voto favorevole a tutte le delibere
voto contrario o
astenuto / respingimento di una o più delibere
51%
49%
0%	20%  40%  60%  80%  100%  120%
Delibere degli azionisti
100%
0%	20%  40%  60%  80%  100%  120%
votato a favore voto contrario
Fonte: Pictet Asset Management, ISS, dati del 2022
# Top 10 Holdings (% of asset)
### Tencent Holdings Ltd	13.01

### Alibaba Group Holding Ltd	9.51

### Meituan-Class B	4.37

### China Construction Bank-H	2.57

### Jd.Com Inc - Cl A	2.20

### Ping An Insurance Group Co-H	2.11

### Pdd Holdings Inc	2.10

### Baidu Inc-Class A	2.05

### Netease Inc	1.97

### Byd Co Ltd-H	1.60

### Source: Pictet Asset Management

Translation (ENIT, 2023-07-31):
# 10 posizioni principali (% del patrimonio)
### Tencent Holdings Ltd	13.01

### Alibaba Group Holding Ltd	9.51

### Meituan-Class B	4.37

### China Construction Bank-H	2.57

### Jd.Com Inc - Cl A	2.20

### Ping An Insurance Group Co-H	2.11

### Pdd Holdings Inc	2.10

### Baidu Inc-Class A	2.05

### Netease Inc	1.97

### Byd Co Ltd-H	1.60

### Fonte: Pictet Asset Management
### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	3.15
Beta	1.16
Annualised volatility (%)	26.58
Information Ratio	0.33
Sharpe Ratio	0.36
Correlation	0.90
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	3.15
Beta	1.16
Volatilità annualizzata (%)	26.58
Information ratio	0.33
Indice di Sharpe	0.36
Correlazione	0.90
Fonte: Pictet Asset Management
# General information
Typically higher reward
risk monitoring, performance objective and performance measurement.

### PORTFOLIO ASSETS
The Compartment mainly invests in a broad range of corporate and government bonds that are issued in Asian emerging markets (including Mainland China) and denominated
in local currencies. These may include Sharia- compliant bonds. The Compartment can invest across any sector and credit quality. The Compartment may also invest in money market instruments.

### INVESTMENT PROCESS
uses strict risk controls. The investment manager may invest in issuers with any environmental, social, and governance (ESG) profile. It methodically exercises voting rights and may engage with issuers in order to positively influence ESG practices, SFDR product category Article 6. The performance of the Compartment is likely to be significantly different from that of the benchmark, because the Investment Manager has significant discretion to deviate from its securities and weightings.
Legal form	Sub-fund of a SICAV Regulatory status		UCITS
Domicile	Luxembourg
Inception date24.01.2007
Launch date24.01.2007
Share class currency	EUR
Compartment currency		USD Dividend	Accumulated
ISIN	LU0280438135
Bloomberg	PFALOCI LX
Reference index	
JP Morgan JADE Broad
Asia Diversified (EUR)
Order deadline	T-1 CET 15:00
Billing date	Order date + 1

Translation (ENIT, 2022-10-31):
# Informazioni di carattere generale
Forma giuridica	Comparto di una SICAV
Status normativo	OICVM
Domicilio	Lussemburgo
Data di inizio24.01.2007
Data di lancio24.01.2007
Valuta della categoria di azioni	EUR
Valuta del comparto		USD Dividendo	Accumulato
ISIN	LU0280438135
Bloomberg	PFALOCI LX
Indice di riferimento	
JP Morgan JADE Broad
Asia Diversified (EUR)

### PROCESSO D'INVESTIMENTO
Termine ultimo dell’ordine
T-1 CET 15:00
| PORTFOLIO BREAKDOWN |  |
| --- | --- |
| Top 10 Holdings (% of asset) |
| Weyerhaeuser Co | 6.62 |
| Potlatchdeltic Corp | 6.39 |
| Rayonier Inc | 6.32 |
| West Fraser Timber Co Ltd | 3.93 |
| Svenska Cellulosa Ab Sca-B | 3.17 |
| Suzano Papel E Celulose Sa | 2.75 |
| Stora Enso Oyj-R Shs | 2.73 |
| Graphic Packaging Holding Co | 2.51 |
| Upm-Kymmene Oyj | 2.35 |
| Ufp Industries Inc | 2.29 |

Translation (ENIT, 2023-01-31):
| COMPOSIZIONE DEL PORTAFOGLIO |  |
| --- | --- |
| 10 posizioni principali (% del patrimonio) |
| Weyerhaeuser Co | 6.62 |
| Potlatchdeltic Corp | 6.39 |
| Rayonier Inc | 6.32 |
| West Fraser Timber Co Ltd | 3.93 |
| Svenska Cellulosa Ab Sca-B | 3.17 |
| Suzano Papel E Celulose Sa | 2.75 |
| Stora Enso Oyj-R Shs | 2.73 |
| Graphic Packaging Holding Co | 2.51 |
| Upm-Kymmene Oyj | 2.35 |
| Ufp Industries Inc | 2.29 |
#### AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	0.39
Beta	1.24
Annualised volatility (%)	26.66
Information Ratio	0.14
Sharpe Ratio	0.29
Correlation	0.89
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
#### A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	0.39
Beta	1.24
Volatilità annualizzata (%)	26.66
Information ratio	0.14
Indice di Sharpe	0.29
Correlazione	0.89
Fonte: Pictet Asset Management
| PERFORMANCE |  |
| --- | --- |
| Annualised (%) |
|  |  |  |  |  |  |  | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  |  |  |  |  |  | -11.94 | -4.64 | -1.36 | 0.64 |
| Reference index |  |  |  |  |  |  | -12.69 | -4.77 | -0.69 | 1.92 |
| Cumulative (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | YTD | 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEARS | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  | 3.24 | 3.24 | 10.81 | 1.30 | -11.94 | -16.60 | -13.27 | -6.61 | 6.68 |
| Reference index |  | 3.17 | 3.17 | 11.36 | 3.45 | -12.69 | -15.79 | -13.64 | -3.39 | 21.37 |
| Calendar Year (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Fund | -16.78 | -4.50 | 7.34 | 13.64 | -6.53 | 7.07 | 7.27 | -0.11 | 6.21 | -6.89 |
| Reference index | -17.78 | -1.80 | 5.26 | 15.04 | -4.26 | 10.26 | 10.15 | 1.18 | 7.43 | -5.25 |

Translation (ENIT, 2023-01-31):
| PERFORMANCE |  |
| --- | --- |
| Annualizzata (%) |
|  |  |  |  |  |  |  | 1 ANNO | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  |  |  |  |  |  | -11.94 | -4.64 | -1.36 | 0.64 |
| Indice di riferimento |  |  |  |  |  |  | -12.69 | -4.77 | -0.69 | 1.92 |
| Cumulativa (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | Da inizio | 1 MESE | 3 MESI | 6 MESI | 1 ANNO | 2 ANNI | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  | 3.24 | 3.24 | 10.81 | 1.30 | -11.94 | -16.60 | -13.27 | -6.61 | 6.68 |
| Indice di riferimento |  | 3.17 | 3.17 | 11.36 | 3.45 | -12.69 | -15.79 | -13.64 | -3.39 | 21.37 |
| Per anno di calendario (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| Fondo | -16.78 | -4.50 | 7.34 | 13.64 | -6.53 | 7.07 | 7.27 | -0.11 | 6.21 | -6.89 |
| Indice di riferimento | -17.78 | -1.80 | 5.26 | 15.04 | -4.26 | 10.26 | 10.15 | 1.18 | 7.43 | -5.25 |
## Portfolio characteristics
AS AT END OF JANUARY 2023 (OVER 3 YEARS)
Alpha	-4.12
Beta	1.09
Annualised volatility (%)	20.18
Information Ratio	-0.66
Sharpe Ratio	-0.08
Tracking error (%)	5.93
Correlation	0.96
Source: Pictet Asset Management

Translation (ENIT, 2023-01-31):
## Caratteristiche del portafoglio
A FINE GENNAIO 2023 (SUPERIORE A 3 ANNI)
Alfa	-4.12
Beta	1.09
Volatilità annualizzata (%)	20.18
Information ratio	-0.66
Indice di Sharpe	-0.08
Tracking error (%)	5.93
Correlazione	0.96
Fonte: Pictet Asset Management
## Top 10 Holdings (% of asset)
Volkswagen Intfn 3.375% Perpetual Jr	1.77
Banq Fed Crd Mut 0.01% 07.03.2025 'Emtn' Sr	1.51
Verizon Comm Inc 0.875% 08.04.2027 Sr	1.36
Relx Finance 0.5% 10.03.2028 Sr	1.14
Aegon Nv 4% 25.04.2044 'Emtn' Sub	1.14
Athene Global Fu 0.366% 10.09.2026 'Emtn' Sec	1.12
Suez 4.625% 03.11.2028 'Emtn' Sr	1.01
Toronto Dom Bank 2.551% 03.08.2027 'Emtn' Sr	1.00
Volkswagen Intfn 3.5% Perpetual Jr	0.98
Axa Sa 4.25% 10.03.2043 'Emtn' Sub	0.96

Translation (ENIT, 2023-01-31):
## 10 posizioni principali (% del patrimonio)
Volkswagen Intfn 3.375% Perpetual Jr	1.77
Banq Fed Crd Mut 0.01% 07.03.2025 'Emtn' Sr	1.51
Verizon Comm Inc 0.875% 08.04.2027 Sr	1.36
Relx Finance 0.5% 10.03.2028 Sr	1.14
Aegon Nv 4% 25.04.2044 'Emtn' Sub	1.14
Athene Global Fu 0.366% 10.09.2026 'Emtn' Sec	1.12
Suez 4.625% 03.11.2028 'Emtn' Sr	1.01
Toronto Dom Bank 2.551% 03.08.2027 'Emtn' Sr	1.00
Volkswagen Intfn 3.5% Perpetual Jr	0.98
Axa Sa 4.25% 10.03.2043 'Emtn' Sub	0.96
## Ratings breakdown (% of asset)
AAA	
0.54
AA 
2.31
A	
41.17
BBB	
49.37
BB 
1.39
NR (incl. cash & eq.)	
5.21
0	10	20	30	40	50

Translation (ENIT, 2023-01-31):
## Ripartizione dei rating (% del patrimonio)
AAA	
0.54
AA 
2.31
A	
41.17
BBB	
49.37
BB 
1.39
NC (Incl. cash & eq.)	
5.21
0	10	20	30	40	50
| Performance Annualised (%) |  |
| --- | --- |
|  |  |  |  |  |  |  | 1 YEAR | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  |  |  |  |  |  | -54.73 | -15.25 | -8.84 | 6.87 |
| Reference index |  |  |  |  |  |  | -46.95 | -12.13 | -7.48 | 6.57 |
| Cumulative (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | YTD | 1 MONTH | 3 MONTHS | 6 MONTHS | 1 YEAR | 2 YEARS | 3 YEARS | 5 YEARS | SINCE INC. |
| Fund |  | -48.90 | -16.21 | -28.58 | -32.94 | -54.73 | -56.02 | -39.12 | -37.03 | 263.52 |
| Reference index |  | -42.07 | -16.59 | -28.69 | -29.55 | -46.95 | -45.87 | -32.14 | -32.21 | 244.25 |
| Calendar Year (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Fund | -21.35 | 40.13 | 33.07 | -19.61 | 51.17 | -2.73 | -1.45 | 3.74 | 4.82 | 20.73 |
| Reference index | -16.46 | 29.04 | 23.74 | -14.56 | 43.79 | 5.40 | -7.43 | 7.72 | 6.89 | 22.19 |

Translation (ENIT, 2022-10-31):
| Annualizzata (%) |  |
| --- | --- |
|  |  |  |  |  |  |  | 1 ANNO | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  |  |  |  |  |  | -54.73 | -15.25 | -8.84 | 6.87 |
| Indice di riferimento |  |  |  |  |  |  | -46.95 | -12.13 | -7.48 | 6.57 |
| Cumulativa (%) |  |  |  |  |  |  |  |  |  |  |
|  |  | Da inizio anno | 1 MESE | 3 MESI | 6 MESI | 1 ANNO | 2 ANNI | 3 ANNI | 5 ANNI | DAL LANCIO |
| Fondo |  | -48.90 | -16.21 | -28.58 | -32.94 | -54.73 | -56.02 | -39.12 | -37.03 | 263.52 |
| Indice di riferimento |  | -42.07 | -16.59 | -28.69 | -29.55 | -46.95 | -45.87 | -32.14 | -32.21 | 244.25 |
| Per anno di calendario (%) |  |  |  |  |  |  |  |  |  |  |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Fondo | -21.35 | 40.13 | 33.07 | -19.61 | 51.17 | -2.73 | -1.45 | 3.74 | 4.82 | 20.73 |
| Indice di riferimento | -16.46 | 29.04 | 23.74 | -14.56 | 43.79 | 5.40 | -7.43 | 7.72 | 6.89 | 22.19 |
# Top 10 Bonds (% of asset)
### Republic Of Peru 3% 15.01.2034 Sr	1.67

### Hungary 6.125% 22.05.2028 'Regs' Sr	1.27

### United Mexican 4.875% 19.05.2033 Sr	1.00

### South Africa 5.875% 20.04.2032 Sr	0.99

### My Sukuk Global 4.08% 27.04.2046 'Regs' Sr	0.86

### Hutama Karya Per 3.75% 11.05.2030 'Regs' Sr	0.84

### Uruguay 5.1% 18.06.2050 Sr	0.80

### Indonesia (Rep) 5.45% 20.09.2052 Sr	0.75

### Oman Intrnl Bond 6.5% 08.03.2047 'Regs' Sr	0.75

### Saudi Int Bond 4.5% 26.10.2046 'Regs' Sr	0.74
Risk Country (% of asset)

### Peru Mexico South Africa

### Oman United Arab Emirates

### Saudia Arabia

### Indonesia Panama Others Cash

### 0	10	20	30	40	50	60

### Source: Pictet Asset Management

Translation (ENIT, 2023-07-31):
# Top 10 Obbligazioni (% del patrimonio)
### Republic Of Peru 3% 15.01.2034 Sr	1.67

### Hungary 6.125% 22.05.2028 'Regs' Sr	1.27

### United Mexican 4.875% 19.05.2033 Sr	1.00

### South Africa 5.875% 20.04.2032 Sr	0.99

### My Sukuk Global 4.08% 27.04.2046 'Regs' Sr	0.86

### Hutama Karya Per 3.75% 11.05.2030 'Regs' Sr	0.84

### Uruguay 5.1% 18.06.2050 Sr	0.80

### Indonesia (Rep) 5.45% 20.09.2052 Sr	0.75

### Oman Intrnl Bond 6.5% 08.03.2047 'Regs' Sr	0.75

### Saudi Int Bond 4.5% 26.10.2046 'Regs' Sr	0.74
Rischio associato al paese (% del patrimonio)

### Perù Messico Sudafrica

### Oman Emirati Arabi Uniti Arabia Saudita

### Indonesia Panama Altro Liquidità

### 0	10	20	30	40	50	60

### Fonte: Pictet Asset Management
## Corporate governance (by weight, in %)
Robust Average Weak
0	10	20	30	40	50
Portfolio
Not applicable: portfolio 18.08% Not covered: portfolio 21.25%
Source: Pictet Asset Management, ISS, January 2023

Translation (ENIT, 2023-01-31):
## Governo societario (in peso, in %)
Robusto Medio Scarso
0	10	20	30	40	50
Portafoglio
Non applicabile: % del portafoglio 18.08 Non coperto: % del portafoglio 21.25
Fonte: Pictet Asset Management, ISS, gennaio 2023
# Risk warning
The value of investments and any income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested. Investing in emerging markets is generally considered to involve more risk than developed markets. Screening out sectors or companies may result in less diversification and hence more volatility in investment values. An investment concerns the acquisition of units or shares in a fund, and not underlying assets such as buildings or shares of a company, as these are only the underlying assets owned by the fund. The decision to invest in the promoted fund should also take into account all the characteristics or objectives of the promoted fund as described in the prospectus. Full list of relevant risks can be found in the KIID and prospectus.

Translation (ENIT, 2022-10-31):
# Rischi di investimento
A causa delle fluttuazioni dei mercati azionari e valutari, il valore dei vostri investimenti e il conseguente rendimento possono diminuire così come aumentare e potreste non recuperare quanto originariamente investito. L’investimento nei mercati emergenti comporta generalmente maggiori rischi rispetto all’investimento nei mercati sviluppati. L’esclusione di settori o società può determinare una minore diversificazione e quindi una maggiore volatilità dei valori dell’investimento. Un investimento comporta l’acquisto di quote o azioni di un fondo, e non implica l’acquisto di attività sottostanti come edifici o azioni di una società, essendo queste ultime le attività sottostanti di proprietà del fondo. Prima di prendere qualsiasi decisione di investimento nel fondo oggetto della presente comunicazione promozionale gli investitori devono inoltre tenere conto di tutte le caratteristiche o obiettivi del fondo oggetto della comunicazione promozionale come descritti nel Prospetto. L’elenco completo dei rischi rilevanti è riportato nel KIID e nel prospetto.
|  | 1 month | 3 months | 6 months | YTD | 1 year | Since launch |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -6.49% | -14.61% | -17.47% | -26.08% | -24.34% | -16.40% |
| Benchmark | -3.96% | -11.39% | -14.25% | -18.79% | -19.24% | -3.87% |

Translation (ENIT, 2022-10-31):
|  | 1 mese | 3 mesi | 6 mesi | Da inizio anno | 1 anno | Dal lancio |
| --- | --- | --- | --- | --- | --- | --- |
| Fondo | -6,49% | -14,61% | -17,47% | -26,08% | -24,34% | -16,40% |
| Benchmark | -3,96% | -11,39% | -14,25% | -18,79% | -19,24% | -3,87% |
|  | Oct-21 – Oct-22 | Oct-20 – Oct-21 | Oct-19 – Oct-20 | Oct-18 – Oct-19 | Oct-17 – Oct-18 | Oct-16 – Oct-17 | Oct-15 – Oct-16 | Oct-14 – Oct-15 | Oct-13 – Oct-14 | Oct-12 – Oct-13 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | -24.34% | 15.95% | - | - | - | - | - | - | - | - |
| Benchmark | -19.24% | 17.73% | - | - | - | - | - | - | - | - |

Translation (ENIT, 2022-10-31):
|  | ott-21 – ott-22 | ott-20 – ott-21 | ott-19 – ott-20 | ott-18 – ott-19 | ott-17 – ott-18 | ott-16 – ott-17 | ott-15 – ott-16 | ott-14 – ott-15 | ott-13 – ott-14 | ott-12 – ott-13 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | -24,34% | 15,95% | - | - | - | - | - | - | - | - |
| Benchmark | -19,24% | 17,73% | - | - | - | - | - | - | - | - |
## Past performance does not predict future returns.
Fund performance
30
20
10
%	0
-10
-20
-30
1 month	3 months	6 months	YTD	1 year	Since launch
Fund	Benchmark

Translation (ENIT, 2022-10-31):
## I rendimenti ottenuti in passato non rappresentano un indicatore affidabile per risultati futuri.
Performance del Fondo
30
20
10
%	0
-10
-20
-30
1 mese	3 mesi	6 mesi	Da inizio anno	1 anno	Dal lancio
Fondo	Benchmark