OVHaiLLM/Flipper huggingface dataset:
| Unit | Benchmark | Unit | Benchmark |
| --- | --- | --- | --- |
| Cumulative	Annualized |
|  |  |  | YTD | 1.03% | 0.72% | - | - |
|  |  |  | 1M | -1.60% | -1.47% | - | - |
|  |  |  | 3M | -1.06% | -1.09% | - | - |
|  |  |  | 1Y | -9.75% | -9.60% | - | - |
|  |  |  | 3Y | -11.51% | -12.17% | -3.99% | -4.23% |
|  |  |  | 5Y | -7.03% | -6.87% | -1.45% | -1.41% |
| 02-2012	 Unit | Benchmark | 02-2023 | Since Launch | 21.86% | 20.74% | 1.80% | 1.72% |
| Fund Statistics | 6M | 1Y | 3Y | 5Y | Since Launch |  | Annual Performance | (Calendar Year) Unit | Benchmark |
| Annualized Volatility Unit | 7.63% | 8.27% | 6.73% | 5.37% | 4.08% |  | 2022 | -14.33% | -13.68% |
| Annualized Volatility Benchmark | 6.89% | 7.75% | 6.02% | 4.86% | 3.73% |  | 2021 | -1.10% | -1.01% |
| Tracking Error Volatility | 1.51% | 1.28% | 1.27% | 1.05% | 0.89% |  | 2020 | 4.03% | 2.81% |
| Sharpe Ratio | -0.40 | -1.15 | -0.53 | -0.20 | 0.47 |  | 2019 | 6.46% | 6.28% |
| Information Ratio | 0.26 | -0.12 | 0.19 | -0.03 | 0.10 |  | 2018 | -2.30% | -1.26% |
| Beta | 1.09 | 1.06 | 1.10 | 1.09 | 1.07 |  |  |  |  |

Translation (ENIT, 2023-02-28):
| Quota | Benchmark | Quota | Benchmark |
| --- | --- | --- | --- |
| Cumulati	Annualizzati |
|  |  |  | Da inizio anno | 1,03% | 0,72% | - | - |
|  |  |  | 1 mese | -1,60% | -1,47% | - | - |
|  |  |  | 3 mesi | -1,06% | -1,09% | - | - |
|  |  |  | 1 anno | -9,75% | -9,60% | - | - |
|  |  |  | 3 anni | -11,51% | -12,17% | -3,99% | -4,23% |
|  |  |  | 5 anni | -7,03% | -6,87% | -1,45% | -1,41% |
| 02-2012	 Quota | Benchmark | 02-2023 | Dal lancio | 21,86% | 20,74% | 1,80% | 1,72% |
| Misure statistiche | 6 mesi | 1 anno | 3 anni | 5 anni | Dal lancio |  | Rendimenti annui (anno | solare) Quota | Benchmark |
| Volatilità annualizzata Quota | 7,63% | 8,27% | 6,73% | 5,37% | 4,08% |  | 2022 | -14,33% | -13,68% |
| Volatilità annualizzata Benchmark | 6,89% | 7,75% | 6,02% | 4,86% | 3,73% |  | 2021 | -1,10% | -1,01% |
| Tracking Error Volatility | 1,51% | 1,28% | 1,27% | 1,05% | 0,89% |  | 2020 | 4,03% | 2,81% |
| Sharpe Ratio | -0,40 | -1,15 | -0,53 | -0,20 | 0,47 |  | 2019 | 6,46% | 6,28% |
| Information Ratio | 0,26 | -0,12 | 0,19 | -0,03 | 0,10 |  | 2018 | -2,30% | -1,26% |
| Beta | 1,09 | 1,06 | 1,10 | 1,09 | 1,07 |  |  |  |  |
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| EF MONEY MARKET EUR T... | 3.22% | Corporate | 0.42 | - |
| EIS CONTINGENT CONVER... | 1.77% | Corporate | 2.72 | - |
| FUT EURO-BUND FUTURE ... | 1.63% | - | - | - |
| EU 0.2 06/04/36 | 0.90% | Supranational | 12.58 | AA+ |
| VOD 3,1% 01/03/79 | 0.59% | Corporate | 0.57 | BB+ |
| EURIZON ABSOLUTE HIGH... | 0.56% | Corporate | 1.91 | - |
| SOCGEN 4 1/4 12/06/30... | 0.53% | Corporate | 5.68 | BBB |
| LHNVX 3 PERP | 0.47% | Corporate | 1.25 | BBB- |
| ASSGEN 2.429 07/14/31... | 0.47% | Corporate | 7.11 | - |
| ACHMEA 1 1/2 05/26/27... | 0.44% | Corporate | 3.93 | BBB+ |

Translation (ENIT, 2023-02-28):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| EF MONEY MARKET EUR T... | 3,22% | Corporate | 0,42 | - |
| EIS CONTINGENT CONVER... | 1,77% | Corporate | 2,72 | - |
| FUT EURO-BUND FUTURE ... | 1,63% | - | - | - |
| EU 0.2 06/04/36 | 0,90% | I.S.U.E. | 12,58 | AA+ |
| VOD 3,1% 01/03/79 | 0,59% | Corporate | 0,57 | BB+ |
| EURIZON ABSOLUTE HIGH... | 0,56% | Corporate | 1,91 | - |
| SOCGEN 4 1/4 12/06/30... | 0,53% | Corporate | 5,68 | BBB |
| LHNVX 3 PERP | 0,47% | Corporate | 1,25 | BBB- |
| ASSGEN 2.429 07/14/31... | 0,47% | Corporate | 7,11 | - |
| ACHMEA 1 1/2 05/26/27... | 0,44% | Corporate | 3,93 | BBB+ |
#### *The figure refers only to classes not covered by exchange rate risk.
Sustainability characteristics
Values other than zero may be due to (i) discontinued issuers, in the best interest of participants and in accordance with current legislation, (ii) issuers for which an engagement activity is in progress or (iii) indirect exposures.

Translation (ENIT, 2023-12-31):
#### *Il dato si riferisce alle sole classi non coperte dal rischio di cambio.
Caratteristiche di sostenibilità
Valori diversi da zero possono essere dovuti a (i) emittenti in via di dismissione, nel migliore interesse dei partecipanti e nel rispetto della normativa vigente, (ii) emittenti per i quali è in corso un’attività di engagement, o (iii) esposizioni indirette.
# Fund Statistics
## Unit	 Benchmark

### 11-2022
| Unit | Benchmark | Unit | Benchmark |
| --- | --- | --- | --- |
| Cumulative	Annualized |
| YTD | -16.80% | -13.35% | - | - |
| 1M | 6.42% | 5.38% | - | - |
| 3M | 3.15% | 2.98% | - | - |
| 1Y | -14.12% | -10.00% | - | - |
| 3Y | 5.94% | 21.94% | 1.94% | 6.82% |
| 5Y | 11.09% | 36.13% | 2.13% | 6.36% |
| Since Launch | 21.37% | 50.10% | 3.47% | 7.41% |

Translation (ENIT, 2022-11-30):
# Misure statistiche
Quota	Benchmark

### 11-2022
| Quota | Benchmark | Quota | Benchmark |
| --- | --- | --- | --- |
| Cumulati	Annualizzati |
| Da inizio anno | -16,80% | -13,35% | - | - |
| 1 mese | 6,42% | 5,38% | - | - |
| 3 mesi | 3,15% | 2,98% | - | - |
| 1 anno | -14,12% | -10,00% | - | - |
| 3 anni | 5,94% | 21,94% | 1,94% | 6,82% |
| 5 anni | 11,09% | 36,13% | 2,13% | 6,36% |
| Dal lancio | 21,37% | 50,10% | 3,47% | 7,41% |
# Fund Statistics
Unit	Benchmark

### 09-2022
| Unit | Benchmark | Unit | Benchmark |
| --- | --- | --- | --- |
| Cumulative	Annualized |
| YTD | -25.77% | -23.10% | - | - |
| 1M | -8.69% | -8.61% | - | - |
| 3M | -7.07% | -4.90% | - | - |
| 1Y | -20.46% | -17.06% | - | - |
| 3Y | 1.44% | 13.35% | 0.48% | 4.26% |
| 5Y | 8.11% | 25.52% | 1.57% | 4.65% |
| Since Launch | 15.72% | 33.84% | 2.64% | 5.34% |

Translation (ENIT, 2022-09-30):
# Misure statistiche
Quota	Benchmark

### 09-2022
| Quota | Benchmark | Quota | Benchmark |
| --- | --- | --- | --- |
| Cumulati	Annualizzati |
| Da inizio anno | -25,77% | -23,10% | - | - |
| 1 mese | -8,69% | -8,61% | - | - |
| 3 mesi | -7,07% | -4,90% | - | - |
| 1 anno | -20,46% | -17,06% | - | - |
| 3 anni | 1,44% | 13,35% | 0,48% | 4,26% |
| 5 anni | 8,11% | 25,52% | 1,57% | 4,65% |
| Dal lancio | 15,72% | 33,84% | 2,64% | 5,34% |
# Fund Statistics
## Unit	 Benchmark

### 09-2022
| Unit | Benchmark | Unit | Benchmark |
| --- | --- | --- | --- |
| Cumulative	Annualized |
| YTD | -26.42% | -23.10% | - | - |
| 1M | -8.77% | -8.61% | - | - |
| 3M | -7.35% | -4.90% | - | - |
| 1Y | -21.46% | -17.06% | - | - |
| 3Y | -2.13% | 13.35% | -0.72% | 4.26% |
| 5Y | 1.72% | 25.52% | 0.34% | 4.65% |
| Since Launch | 7.34% | 33.21% | 1.29% | 5.34% |

Translation (ENIT, 2022-09-30):
# Misure statistiche
Quota	Benchmark

### 09-2022
| Quota | Benchmark | Quota | Benchmark |
| --- | --- | --- | --- |
| Cumulati	Annualizzati |
| Da inizio anno | -26,42% | -23,10% | - | - |
| 1 mese | -8,77% | -8,61% | - | - |
| 3 mesi | -7,35% | -4,90% | - | - |
| 1 anno | -21,46% | -17,06% | - | - |
| 3 anni | -2,13% | 13,35% | -0,72% | 4,26% |
| 5 anni | 1,72% | 25,52% | 0,34% | 4,65% |
| Dal lancio | 7,34% | 33,21% | 1,29% | 5,34% |
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| EF MONEY MARKET EUR T... | 5.36% | Corporate | 0.39 | - |
| FUT EURO-BOBL FUTURE ... | 2.24% | - | - | - |
| BKO 0 06/16/23 | 1.61% | Government | - | - |
| AMSSW 6 07/31/25 | 1.53% | Corporate | 1.92 | BB- |
| IPGIM 5 7/8 12/15/25 | 1.49% | Corporate | 2.29 | BB- |
| THYELE 4 3/8 07/15/27... | 1.29% | Corporate | 3.55 | B+ |
| TTMTIN 6 7/8 11/15/26... | 1.29% | Corporate | - | - |
| VMED 3 3/4 07/15/30 | 1.14% | Corporate | 5.72 | B |
| ISPVIT TV 12/49 | 0.90% | Corporate | 1.47 | - |
| EOFP 2 3/4 02/15/27 | 0.89% | Corporate | 3.36 | BB |

Translation (ENIT, 2023-04-30):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| EF MONEY MARKET EUR T... | 5,36% | Corporate | 0,39 | - |
| FUT EURO-BOBL FUTURE ... | 2,24% | - | - | - |
| BKO 0 06/16/23 | 1,61% | Government | - | - |
| AMSSW 6 07/31/25 | 1,53% | Corporate | 1,92 | BB- |
| IPGIM 5 7/8 12/15/25 | 1,49% | Corporate | 2,29 | BB- |
| THYELE 4 3/8 07/15/27... | 1,29% | Corporate | 3,55 | B+ |
| TTMTIN 6 7/8 11/15/26... | 1,29% | Corporate | - | - |
| VMED 3 3/4 07/15/30 | 1,14% | Corporate | 5,72 | B |
| ISPVIT TV 12/49 | 0,90% | Corporate | 1,47 | - |
| EOFP 2 3/4 02/15/27 | 0,89% | Corporate | 3,36 | BB |
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| FUT US 2YR NOTE (CBT)... | 23.15% | - | - | - |
| BNTNF 10 01/01/25 | 8.86% | Government | 1.37 | BB- |
| MBONO 5,75% 03/26 | 4.33% | Government | 2.54 | BBB+ |
| SAGB 8.5 01/31/37 203... | 3.63% | Government | - | - |
| MGS 3.502 05/31/27 | 3.61% | Government | - | - |
| MGS 4.893 06/08/38 | 3.45% | Government | - | - |
| POLGB 2 3/4 10/25/29 | 3.24% | Government | - | - |
| THAIGB 2 7/8 12/17/28... | 3.20% | Government | - | - |
| INDOGB 8 1/4 05/15/29... | 3.17% | Government | - | - |
| THAIGB 3.4 06/17/36 | 2.51% | Government | - | - |

Translation (ENIT, 2023-04-30):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| FUT US 2YR NOTE (CBT)... | 23,15% | - | - | - |
| BNTNF 10 01/01/25 | 8,86% | Government | 1,37 | BB- |
| MBONO 5,75% 03/26 | 4,33% | Government | 2,54 | BBB+ |
| SAGB 8.5 01/31/37 203... | 3,63% | Government | - | - |
| MGS 3.502 05/31/27 | 3,61% | Government | - | - |
| MGS 4.893 06/08/38 | 3,45% | Government | - | - |
| POLGB 2 3/4 10/25/29 | 3,24% | Government | - | - |
| THAIGB 2 7/8 12/17/28... | 3,20% | Government | - | - |
| INDOGB 8 1/4 05/15/29... | 3,17% | Government | - | - |
| THAIGB 3.4 06/17/36 | 2,51% | Government | - | - |
| Unit | Benchmark | Unit | Benchmark |
| --- | --- | --- | --- |
| Cumulative	Annualized |
|  |  |  | YTD | -0.98% | -0.72% | - | - |
|  |  |  | 1M | -0.26% | -0.20% | - | - |
|  |  |  | 3M | -0.42% | -0.31% | - | - |
|  |  |  | 1Y | -1.15% | -0.87% | - | - |
|  |  |  | 3Y | -2.33% | -1.78% | -0.78% | -0.60% |
|  |  |  | 5Y | -3.09% | -2.47% | -0.63% | -0.50% |
| 05-2008	 Unit | Benchmark | 09-2022 | Since Launch | 7.66% | 5.22% | 0.51% | 0.35% |
| Fund Statistics | 6M | 1Y | 3Y | 5Y | Since Launch |  | Annual Performance | (Calendar Year) Unit | Benchmark |
| Annualized Volatility Unit | 0.28% | 0.23% | 0.18% | 0.17% | 0.35% |  | 2021 | -0.76% | -0.57% |
| Annualized Volatility Benchmark | 0.22% | 0.17% | 0.12% | 0.11% | 0.24% |  | 2020 | -0.48% | -0.39% |
| Tracking Error Volatility | 0.13% | 0.15% | 0.12% | 0.11% | 0.19% |  | 2019 | -0.29% | -0.32% |
| Sharpe Ratio | -1.58 | -1.24 | -1.05 | -0.74 | 0.46 |  | 2018 | -0.52% | -0.41% |
| Information Ratio | -3.42 | -1.92 | -1.58 | -1.15 | 0.83 |  | 2017 | -0.46% | -0.45% |
| Beta | 1.12 | 1.02 | 1.12 | 1.23 | 1.27 |  |  |  |  |

Translation (ENIT, 2022-09-30):
| Quota | Benchmark | Quota | Benchmark |
| --- | --- | --- | --- |
| Cumulati	Annualizzati |
|  |  |  | Da inizio anno | -0,98% | -0,72% | - | - |
|  |  |  | 1 mese | -0,26% | -0,20% | - | - |
|  |  |  | 3 mesi | -0,42% | -0,31% | - | - |
|  |  |  | 1 anno | -1,15% | -0,87% | - | - |
|  |  |  | 3 anni | -2,33% | -1,78% | -0,78% | -0,60% |
|  |  |  | 5 anni | -3,09% | -2,47% | -0,63% | -0,50% |
| 05-2008	 Quota | Benchmark | 09-2022 | Dal lancio | 7,66% | 5,22% | 0,51% | 0,35% |
| Misure statistiche | 6 mesi | 1 anno | 3 anni | 5 anni | Dal lancio |  | Rendimenti annui (anno | solare) Quota | Benchmark |
| Volatilità annualizzata Quota | 0,28% | 0,23% | 0,18% | 0,17% | 0,35% |  | 2021 | -0,76% | -0,57% |
| Volatilità annualizzata Benchmark | 0,22% | 0,17% | 0,12% | 0,11% | 0,24% |  | 2020 | -0,48% | -0,39% |
| Tracking Error Volatility | 0,13% | 0,15% | 0,12% | 0,11% | 0,19% |  | 2019 | -0,29% | -0,32% |
| Sharpe Ratio | -1,58 | -1,24 | -1,05 | -0,74 | 0,46 |  | 2018 | -0,52% | -0,41% |
| Information Ratio | -3,42 | -1,92 | -1,58 | -1,15 | 0,83 |  | 2017 | -0,46% | -0,45% |
| Beta | 1,12 | 1,02 | 1,12 | 1,23 | 1,27 |  |  |  |  |
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| BOTS 0 11/30/22 | 9.81% | Government | 0.16 | BBB |
| SGLT 0 02/10/23 | 6.57% | Government | 0.35 | A |
| SGLT 0 04/14/23 | 6.00% | Government | 0.53 | A |
| SGLT 0 01/13/23 | 5.87% | Government | 0.28 | A |
| BTF 0 04/19/23 | 5.79% | Government | 0.54 | AA |
| BOTS 0 08/14/23 | 5.41% | Government | 0.85 | BBB |
| BUBILL 0 03/22/23 | 4.73% | Government | 0.46 | AAA |
| BOTS 0 10/31/22 | 4.70% | Government | 0.07 | BBB |
| SGLT 0 09/08/23 | 4.66% | Government | 0.92 | A |
| BOTS 0 03/31/23 | 4.55% | Government | 0.49 | BBB |

Translation (ENIT, 2022-09-30):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| BOTS 0 11/30/22 | 9,81% | Government | 0,16 | BBB |
| SGLT 0 02/10/23 | 6,57% | Government | 0,35 | A |
| SGLT 0 04/14/23 | 6,00% | Government | 0,53 | A |
| SGLT 0 01/13/23 | 5,87% | Government | 0,28 | A |
| BTF 0 04/19/23 | 5,79% | Government | 0,54 | AA |
| BOTS 0 08/14/23 | 5,41% | Government | 0,85 | BBB |
| BUBILL 0 03/22/23 | 4,73% | Government | 0,46 | AAA |
| BOTS 0 10/31/22 | 4,70% | Government | 0,07 | BBB |
| SGLT 0 09/08/23 | 4,66% | Government | 0,92 | A |
| BOTS 0 03/31/23 | 4,55% | Government | 0,49 | BBB |
06-2022	0.35
07-2022	0.36
08-2022	0.39
09-2022	0.46
The portfolio Yield to Worst refers only to the component of fixed income and is calculated as a weighted average of returns of the single bond instruments, where the weighting takes place with respect to the value of the individual instrument. Returns hold account of the operating probabilities of the optional components possibly present in the bonds.

Translation (ENIT, 2022-09-30):
06-2022	0,35
07-2022	0,36
08-2022	0,39
09-2022	0,46
Il parametro Yield to Worst del portafoglio si riferisce esclusivamente alla componente a reddito fisso ed è calcolato come una media ponderata dei rendimenti dei singoli strumenti obbligazionari, con la ponderazione riferita al valore del singolo strumento. I rendimenti tengono conto delle probabilità operative delle componenti opzionali eventualmente presenti nelle obbligazioni.
### Allocation subject to change. Reference in this document to specific securities should not be construed as recommendation to buy or sell these securities.
Outlook and Investment Strategy
In the coming months, the Fund will continue to pursue both its stock-picking and dynamic contrarian allocation investment strategies in equities.

Translation (ENIT, 2022-01-31):
### Allocazione soggetta a modifiche. Il riferimento in questo documento a titoli specifici non va interpretato come una raccomandazione per l’acquisto o la vendita di tali titoli.
Prospettive e strategia d’investimento
Per i mesi a venire, il Fondo continuerà ad implementare entrambe le strategie di investimento relative alla selezione titoli ed all'allocazione dinamica "contrarian" in azioni.
#### Allocation subject to change. Reference in this document to specific securities should not be construed as recommendation to buy or sell these securities.
Performance and Investment Choices
The portfolio remains focused on all short-term debt instruments from emerging sovereign and corporate issuers. The weight of instruments maturing within 3 years is equal to 70% while the debt component maturing beyond 3 years is 32%.
A pro-cyclical approach was maintained throughout the month. In particular, the cash component came in at 5% while the local debt component was kept at 13%. On the currency front, exposure to the US dollar was unchanged also as a result of changes in options.
The Fund put in a slightly negative performance in July. This is attributable to the interest rate hedges that were placed on US Treasuries.
The central banks remained accommodative and, for the time being, are managing to keep interest rate pressures in check. The commitment to keep short-term rates steady is helping emerging currencies.

Translation (ENIT, 2021-07-31):
#### Allocazione soggetta a modifiche. Il riferimento in questo documento a titoli specifici non va interpretato come una raccomandazione per l’acquisto o la vendita di tali titoli.
Performance e scelte d’investimento
Il portafoglio rimane concentrato su tutti gli strumenti di credito a breve termine di emittenti sovrani e corporate emergenti. Il peso degli strumenti che maturano entro i 3 anni è di poco inferiore al 70% mentre la componente di credito con scadenza oltre i 3 anni è al 32%.
Nel corso del mese è stato mantenuto un approccio pro-ciclico. In particolare, la componente di liquidità si è attestata al 5%, mentre la componente di debito locale è stata mantenuta al 13%. Sul fronte delle divise l’esposizione al dollaro statunitense è rimasta invariata per effetto anche della variazione delle opzioni.
Nel mese di luglio la performance del Comparto è stata leggermente negativa. Il risultato è da attribuirsi alle coperture del tasso di interesse che sono state implementate sul Treasury USA.
L’approccio delle banche centrali resta accomodante e, al momento, in grado di contenere le pressioni sui tassi di interesse. L’impegno a mantenere i tassi a breve termine ancorati è di supporto alle divise emergenti.
# Currency Risk Exposure*
## Portfolio	Benchmark
| CAD | 0.18% | 0.00% |
| --- | --- | --- |
| NOK | 0.16% | 0.00% |
| JPY | 0.12% | 0.00% |
| GBP | 0.07% | 0.00% |
| AUD | 0.07% | 0.00% |
| HKD | -0.05% | 0.00% |
| SEK | -0.05% | 0.00% |
| USD | -0.45% | 0.00% |


### *The figure refers only to classes not covered by exchange rate risk.
Sustainability characteristics
Values other than zero may be due to (i) discontinued issuers, in the best interest of participants and in accordance with current legislation, (ii) issuers for which an engagement activity is in progress or (iii) indirect exposures.

### Source: Internal processing of data provided by MSCI ESG Research Survey period: 12-month rolling average

Translation (ENIT, 2023-12-31):
# Esposizione al rischio di cambio*
|  | Comparto | Benchmark |
| --- | --- | --- |
| CAD | 0,18% | 0,00% |
| NOK | 0,16% | 0,00% |
| JPY | 0,12% | 0,00% |
| GBP | 0,07% | 0,00% |
| AUD | 0,07% | 0,00% |
| HKD | -0,05% | 0,00% |
| SEK | -0,05% | 0,00% |
| USD | -0,45% | 0,00% |


### *Il dato si riferisce alle sole classi non coperte dal rischio di cambio.
Caratteristiche di sostenibilità
Valori diversi da zero possono essere dovuti a (i) emittenti in via di dismissione, nel migliore interesse dei partecipanti e nel rispetto della normativa vigente, (ii) emittenti per i quali è in corso un’attività di engagement, o (iii) esposizioni indirette.

### Fonte: elaborazioni interne su dati forniti da MSCI ESG Research Periodo di rilevazione: media rolling 12 mesi
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| LPTY 3 1/2 04/09/25 | 0.48% | Corporate | 2.41 | BBB- |
| SABSM 0,875% 07/22/25... | 0.46% | Corporate | 2.75 | BBB- |
| KPN 1,125% 09/11/28 | 0.46% | Corporate | 5.62 | BBB |
| PUBFP 1,625% 12/24 | 0.46% | Corporate | 2.18 | BBB |
| HSBC 0 1/4 05/17/24 | 0.45% | Corporate | 1.66 | A+ |
| SANTAN 1,125% 01/25 | 0.45% | Corporate | 2.27 | A- |
| BNP 1,125% 06/26 | 0.42% | Corporate | 3.58 | A- |
| FMEGR 1 1/2 05/29/30 | 0.41% | Corporate | 6.99 | BBB |
| DANBNK 0 1/2 08/27/25... | 0.41% | Corporate | 1.91 | BBB+ |
| PBBGR 0,125% 09/05/24... | 0.40% | Corporate | 1.93 | BBB+ |

Translation (ENIT, 2022-08-31):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| LPTY 3 1/2 04/09/25 | 0,48% | Corporate | 2,41 | BBB- |
| SABSM 0,875% 07/22/25... | 0,46% | Corporate | 2,75 | BBB- |
| KPN 1,125% 09/11/28 | 0,46% | Corporate | 5,62 | BBB |
| PUBFP 1,625% 12/24 | 0,46% | Corporate | 2,18 | BBB |
| HSBC 0 1/4 05/17/24 | 0,45% | Corporate | 1,66 | A+ |
| SANTAN 1,125% 01/25 | 0,45% | Corporate | 2,27 | A- |
| BNP 1,125% 06/26 | 0,42% | Corporate | 3,58 | A- |
| FMEGR 1 1/2 05/29/30 | 0,41% | Corporate | 6,99 | BBB |
| DANBNK 0 1/2 08/27/25... | 0,41% | Corporate | 1,91 | BBB+ |
| PBBGR 0,125% 09/05/24... | 0,40% | Corporate | 1,93 | BBB+ |
## Taxes	The tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.
Please refer to your financial and tax advisor.
Management Company	Eurizon Capital S.A.
Investment Manager of the Sub-Fund	Epsilon SGR S.p.A.
Category	EUR FLEXIBLE ALLOCATION - GLOBAL

Translation (ENIT, 2021-07-31):
## Regime fiscale	Il trattamento fiscale dipende dalle singole circostanze di ciascun investitore e può cambiare in futuro. Rivolgersi al proprio consulente finanziario e fiscale.
Società di gestione	Eurizon Capital S.A.
Gestore degli investimenti del Comparto.	Epsilon SGR S.p.A.
Categoria	EUR FLEXIBLE ALLOCATION - GLOBAL
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| EF MONEY MARKET EUR T... | 5.58% | Corporate | 0.42 | - |
| FUT EURO-SCHATZ FUT M... | 4.75% | - | - | - |
| EURIZON ABSOLUTE HIGH... | 3.94% | Corporate | 1.91 | - |
| FUT EURO-BOBL FUTURE ... | 1.65% | - | - | - |
| FUT EURO-BOBL FUTURE ... | 1.53% | - | - | - |
| VOD 3,1% 01/03/79 | 1.44% | Corporate | 0.57 | BB+ |
| BBVASM 5,875% 12/49 | 1.09% | Corporate | 0.54 | - |
| LXSGR 4,5% 12/76 | 1.06% | Corporate | 0.26 | - |
| ACHMEA 3 5/8 11/29/25... | 0.94% | Corporate | 2.54 | BBB+ |
| BFCM 0.01 03/07/25 | 0.90% | Corporate | 1.93 | A+ |

Translation (ENIT, 2023-02-28):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| EF MONEY MARKET EUR T... | 5,58% | Corporate | 0,42 | - |
| FUT EURO-SCHATZ FUT M... | 4,75% | - | - | - |
| EURIZON ABSOLUTE HIGH... | 3,94% | Corporate | 1,91 | - |
| FUT EURO-BOBL FUTURE ... | 1,65% | - | - | - |
| FUT EURO-BOBL FUTURE ... | 1,53% | - | - | - |
| VOD 3,1% 01/03/79 | 1,44% | Corporate | 0,57 | BB+ |
| BBVASM 5,875% 12/49 | 1,09% | Corporate | 0,54 | - |
| LXSGR 4,5% 12/76 | 1,06% | Corporate | 0,26 | - |
| ACHMEA 3 5/8 11/29/25... | 0,94% | Corporate | 2,54 | BBB+ |
| BFCM 0.01 03/07/25 | 0,90% | Corporate | 1,93 | A+ |
|  | Weight | Sector | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| BOTS 0 08/14/23 | 4.98% | Government | 0.45 | BBB |
| BOTS 0 07/31/23 | 4.86% | Government | 0.41 | BBB |
| SGLT 0 08/11/23 | 4.45% | Government | 0.44 | A |
| SGLT 0 10/06/23 | 3.85% | Government | 0.59 | A |
| BUBILL 0 10/18/23 | 3.53% | Government | 0.62 | AAA |
| SGLT 0 11/10/23 | 3.53% | Government | 0.69 | A |
| SGLT 0 07/07/23 | 3.47% | Government | 0.35 | A |
| BTF 0 05/24/23 | 3.12% | Government | 0.23 | AA |
| SGLT 0 04/14/23 | 3.04% | Government | 0.12 | A |
| BOTS 0 01/12/24 | 3.01% | Government | 0.85 | BBB |

Translation (ENIT, 2023-02-28):
|  | Peso | Settore | Duration | Rating S&P |
| --- | --- | --- | --- | --- |
| BOTS 0 08/14/23 | 4,98% | Government | 0,45 | BBB |
| BOTS 0 07/31/23 | 4,86% | Government | 0,41 | BBB |
| SGLT 0 08/11/23 | 4,45% | Government | 0,44 | A |
| SGLT 0 10/06/23 | 3,85% | Government | 0,59 | A |
| BUBILL 0 10/18/23 | 3,53% | Government | 0,62 | AAA |
| SGLT 0 11/10/23 | 3,53% | Government | 0,69 | A |
| SGLT 0 07/07/23 | 3,47% | Government | 0,35 | A |
| BTF 0 05/24/23 | 3,12% | Government | 0,23 | AA |
| SGLT 0 04/14/23 | 3,04% | Government | 0,12 | A |
| BOTS 0 01/12/24 | 3,01% | Government | 0,85 | BBB |
## SDBC 1.11 04/17/21	2.83%	Agency0.61
08-2020	4.60
returns of the single bond instruments, where the weighting takes place with respect to the value of the individual instrument. Returns hold account of the operating probabilities of the optional components possibly present in the bonds.The indicator is expressed in the same currency as the fund and is calculated net of costs of hedging currency exposures and before costs of management.
Duration Contribution by Country
Contribution to Duration by Maturity
Allocation by Rating / Maturity
0-1	1-3	3-5	5-7	7-10	>10	Total

Translation (ENIT, 2020-08-31):
### SDBC 1.11 04/17/21	2,83%	Agency	0,61
08-2020	4,60
come una media ponderata dei rendimenti dei singoli strumenti obbligazionari, con la ponderazione riferita al valore del singolo strumento. I rendimenti tengono conto delle probabilità operative delle componenti opzionali eventualmente presenti nelle obbligazioni. L’indicatore è espresso nella stessa valuta del fondo ed è calcolato al netto dei costi di copertura delle esposizioni valutarie e al lordo dei costi di gestione.
Contributo alla duration per paese
Contributo alla duration per scadenza
Esposizione per Rating / Scadenza
0-1	1-3	3-5	5-7	7-10	>10	Totale