# Portfolio Analysis
## Asset Allocation (%)
-30	-20	-10	0	10	20	30	40	50	60	70	80	90	100	110	120
| Investment Grade Credit Bonds | 23.67 | 23.17 | 22.66 | 22.53 | 22.48 | 23.14 | 23.63 | 22.88 | 23.57 | 22.86 | 21.81 | 17.02 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Emerging and High Yield Bonds | 30.17 | 29.92 | 28.80 | 29.17 | 29.27 | 29.03 | 29.40 | 29.12 | 28.16 | 27.55 | 27.64 | 30.97 |
| Index Linked Bonds | 5.06 | 4.98 | 4.94 | 4.98 | 5.14 | 4.99 | 5.03 | 5.13 | 5.37 | 5.19 | 5.15 | 5.25 |
| Cash | 5.87 | 6.58 | 8.26 | 8.65 | 7.46 | 7.24 | 9.11 | 9.18 | 4.94 | 4.49 | 6.25 | 7.48 |
| Diversification | 6.29 | 0.63 | -4.09 | -12.52 | -22.20 | -21.20 | -21.17 | -20.98 | -23.92 | -23.40 | -21.42 | 9.45 |
| Global Equities | 34.16 | 33.22 | 35.20 | 32.60 | 31.05 | 30.68 | 28.04 | 25.42 | 25.47 | 39.37 | 33.34 | 29.79 |
| Emerging and Commodities Equities | 6.82 | 6.67 | 4.88 | 5.01 | 4.66 | 4.67 | 4.62 | 4.61 | 4.55 | 4.64 | 4.58 | 4.42 |
| Real Estate and Healthcare Equity sector | 5.33 | 5.51 | 5.38 | 5.62 | 5.81 | 5.76 | 5.54 | 5.10 | 5.15 | 1.30 | 1.21 | 1.19 |


## Currency Breakdown (%)
100
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |

80
60
40
20
| 0 | EUR | USD | JPY | GBP | CHF | HKD | Other |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 80.12 | 5.36 | 2.94 | 2.81 | 1.91 | 1.35 | 5.52 |

| Equity : 30% of the Overall Portfolio |  |
| --- | --- |
| Sector Breakdown (%) |  |  | Securities Exposure by geographical area (%) |  |
|  | Portfolio |  |  | Portfolio |
| Health Care | 6.27 |  | North America | 17.28 |
| Financials | 5.47 |  | Emerging Markets | 4.70 |
| Cons. stap. | 3.70 |  | Japan | 2.90 |
| Cons. disc. | 3.06 |  | Others | 2.35 |
| Communication Services | 3.05 |  | European Economic Area | 1.84 |
| IT | 2.47 |  | Asia ex Japan | 1.28 |
| Materials | 2.28 |  |
| Energy | 1.27 |
| Real estate | 1.20 |
| Utilities | 1.03 |
| Industrials | 0.52 |
| MarketCap Breakdown (EUR - %) |  |

12
10
8
6
4
2
0	250mn To 500mn
500mn To 1bn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Port.	0.02	0.07	0.19	0.86	3.10	4.58	10.67	7.76	2.65

## Other information
Portfolio
Current dividend yield (%)	5.52
Fixed Income : 63% of the Overall Portfolio

## Fund Key Metrics
Portfolio
Number of Holdings	505
Number of Issuers	332
Linear Average Rating	BB+
Portfolio
Mod. Duration To Worst	4.03
Yield To Worst (%)	3.57

## Maturity Breakdown (%)
20
16
12
8
4
0	0-1 year	1-3 years	3-5 years	5-7 years	7-10 years	10-20 years	+20 years
Portfolio	1.61	7.70	16.91	8.51	14.93	5.93	6.93

## Rating Breakdown (%)
25
|  |  |  |
| --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |
|  |  |  |  |  |  |  |  |

20
15
10
5
0	AAA	AA	A	BBB	BB	B	CCC	CC	NR
Portfolio	0.35	5.16	3.52	19.38	13.29	13.13	2.39	0.08	0.10

## Instrument Type Breakdown (%)
35
30
25
20
15
10
5
0
-5	Industrials	Sovereign	Financial	Quasi & Foreign
Government
Utility	Not Classified	Cash
Portfolio	33.11	10.88	10.80	4.93	3.16	0.16	-0.52

Translation (ENDE, 2022-02-28):
# Portfolioanalyse
## Portfolio-Strukterierung (%)
-30	-20	-10	0	10	20	30	40	50	60	70	80	90	100	110	120
| Investment-Grade-Unternehmensanleihen | 23.67 | 23.17 | 22.66 | 22.53 | 22.48 | 23.14 | 23.63 | 22.88 | 23.57 | 22.86 | 21.81 | 17.02 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Schwellenländer- und Hochzinsanleihen | 30.17 | 29.92 | 28.80 | 29.17 | 29.27 | 29.03 | 29.40 | 29.12 | 28.16 | 27.55 | 27.64 | 30.97 |
| Indexgebundene Anleihen | 5.06 | 4.98 | 4.94 | 4.98 | 5.14 | 4.99 | 5.03 | 5.13 | 5.37 | 5.19 | 5.15 | 5.25 |
| Barposition | 5.87 | 6.58 | 8.26 | 8.65 | 7.46 | 7.24 | 9.11 | 9.18 | 4.94 | 4.49 | 6.25 | 7.48 |
| Diversifikation | 6.29 | 0.63 | -4.09 | -12.52 | -22.20 | -21.20 | -21.17 | -20.98 | -23.92 | -23.40 | -21.42 | 9.45 |
| Globale Aktien | 34.16 | 33.22 | 35.20 | 32.60 | 31.05 | 30.68 | 28.04 | 25.42 | 25.47 | 39.37 | 33.34 | 29.79 |
| Schwellenländeraktien und Rohstoffaktien | 6.82 | 6.67 | 4.88 | 5.01 | 4.66 | 4.67 | 4.62 | 4.61 | 4.55 | 4.64 | 4.58 | 4.42 |
| Aktiensektoren Immobilien und Gesundheit | 5.33 | 5.51 | 5.38 | 5.62 | 5.81 | 5.76 | 5.54 | 5.10 | 5.15 | 1.30 | 1.21 | 1.19 |


## Engagement nach Währung (%)
100
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |

80
60
40
20
| 0 | EUR | USD | JPY | GBP | CHF | HKD | Sonstige |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 80.12 | 5.36 | 2.94 | 2.81 | 1.91 | 1.35 | 5.52 |

| Aktien : 33% des Gesamtportfolios |  |
| --- | --- |
| Sektorengewichtung (%) |  |  | Geographische Ausrichtung (%) |  |
|  | Portfolio |  |  | Portfolio |
| Gesundheit | 6.27 |  | Nordamerika | 17.28 |
| Finanzen | 5.47 |  | Aufstrebende Märkte | 4.70 |
| Kurzleb. Konsumg. | 3.70 |  | Japan | 2.90 |
| Dauerh. Konsumg. | 3.06 |  | Sonstige | 2.35 |
| Komm. Dienste | 3.05 |  | Europäischer Wirtschaftsraum | 1.84 |
| Informatik | 2.47 |  | Asien ex Japan | 1.28 |
| Werkstoffe | 2.28 |  |
| Energie | 1.27 |
| Immobilien | 1.20 |
| Öffentl. Dienste | 1.03 |
| Industrie | 0.52 |


## Aufgliederung nach Marktkapitalisierung (EUR - %)
12
10
8
6
4
2
0	Von 250 bis
500 Moi
Von 500 Mio
bis 1 Mrd
Von 1 bis 3 Mrd
Von 3 bis 5 Mrd
Von 5 bis 10 Mrd
Von 10 bis
25 Mrd
Von 25 bis
100 Mrd
Von 100 bis
250 Mrd
Mehr als 250 Mrd.
Port.	0.02	0.07	0.19	0.86	3.10	4.58	10.67	7.76	2.65
Aktuelle Dividendenrendite (%)	5.52
Anleihen : 68% des Gesamtportfolios

## Fondsindikatoren
Portfolio
Anzahl Positionen	505
Anzahl Emittenten	332
Portfolio
Mod. Duration To Worst	4.03
Yield-to-Worst (%)	3.57
Durchschnittliches Rating (Linear)
BB+

## Engagement nach Laufzeit (%)
20
16
12
8
4
0	0-1 Jahre	1-3 Jahre	3-5 Jahre	5-7 Jahre	7-10 Jahre	10-20 Jahre	+20 Jahre
Portfolio	1.61	7.70	16.91	8.51	14.93	5.93	6.93

## Engagement nach Rating (%)
25
|  |  |  |
| --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |
|  |  |  |  |  |  |  |  |

20
15
10
5
0	AAA	AA	A	BBB	BB	B	CCC	CC	NR
Portfolio	0.35	5.16	3.52	19.38	13.29	13.13	2.39	0.08	0.10

## Titelstruktur (%)
40
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |  |  |  |  |

30
20
10
0
Industrie
Sovereign
Finanzen
Quasi & Foreign
Government
Versorgungsbetriebe
Ohne Zuordnung
Cash
-10
Portfolio	33.11	10.88	10.80	4.93	3.16	0.16	-0.52