# PERFORMANCE (CUMULATIVE OVER 5 YEARS) (EUR) (NET)
| 120 |  |
| --- | --- |
| 115 |  |  |  |  |  |
| 110 |  |  |  |  |  |
| 105 |  |  |  |  |  |
| 100 |  |  |  |  |  |
| 95 |  |  |  |  |  |
|  | 2016 | 2017 | 2018 | 2019 | 2020 |

Cumulated Performance at 31.08.2020 (%)
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FUND | 2.16 | -0.80 | 1.24 | -0.76 | -1.34 | 10.39 | 9.99 | 7.11 | 15.72 |
| BENCHMARK | 2.28 | -0.78 | 1.27 | -0.65 | -1.15 | 10.78 | 10.59 | 7.72 | 16.40 |

Calendar Performance at 31.08.2020 (%)
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
| --- | --- | --- | --- | --- | --- |
| FUND | 6.67 | - | 0.39 | 3.16 | 1.61 |
| BENCHMARK | 6.86 | - | 0.41 | 3.13 | 1.73 |

(1) All figures net of fees (in EUR). The value of your investments may fluctuate. Past performance is no guarantee for future results.
12/2010-02/2016: Following a corporate action on 12/02/2016, the performances listed are the simulated past performance and fees of the PARWORLD TRACK EMU GOVERNMENT BOND.
During this period, the benchmark index was "JPM GBI EMU (TR)" Source: BNP Paribas Asset Management
All data and performance are as of that date, unless otherwise stated.

## HOLDINGS BENCHMARK: (In %)
Main Holdings (%)
| FRANCE (REPUBLIC OF) 4.50 PCT 25-APR-2041 | 0.90 |
| --- | --- |
| FRANCE (REPUBLIC OF) 2.50 PCT 25-MAY-2030 | 0.84 |
| FRANCE (REPUBLIC OF) 5.50 PCT 25-APR-2029 | 0.81 |
| FRANCE (REPUBLIC OF) 1.50 PCT 25-MAY-2031 | 0.78 |
| FRANCE (REPUBLIC OF) 2.75 PCT 25-OCT-2027 | 0.76 |
| FRANCE (REPUBLIC OF) 5.75 PCT 25-OCT-2032 | 0.76 |
| FRANCE (REPUBLIC OF) 3.50 PCT 25-APR-2026 | 0.74 |
| FRANCE (REPUBLIC OF) 4.25 PCT 25-OCT-2023 | 0.72 |
| GERMANY (FEDERAL REPUBLIC OF) 2.50 PCT | 0.68 |
| FRANCE (REPUBLIC OF) 3.00 PCT 25-APR-2022 | 0.67 |
| No. of Holdings in Benchmark | 422 |

by Rating (benchmark) (%)
by Country (benchmark) (%)
| France | 24.36 |
| --- | --- |
| Italy | 22.26 |
| Germany | 17.86 |
| Spain | 14.05 |
| Belgium | 6.01 |
| Netherlands | 4.45 |
| Austria | 3.72 |
| Portugal | 2.24 |
| Republic of Ireland | 1.91 |
| Finland | 1.46 |
| Other | 1.68 |
| Total | 100.00 |

| AAA | 22.46 |
| --- | --- |
| AA+ | 5.13 |
| AA | 24.36 |
| AA- | 6.03 |
| A+ | 1.96 |
| A | 1.16 |
| A- | 14.17 |
| BBB | 2.24 |
| BBB- | 21.94 |
| Other | 0.51 |
| Not rated | 0.04 |
| Total | 100.00 |

Source of data: BNP Paribas Asset Management, as at 31.08.2020
Sources: Fitch, Moody’s, S&P. Ratings lower than BBB- refer to high-yield or speculative-grade bonds.
The above mentioned securities are for illustrative purpose only and do not constitute any investment recommendation.

Translation (ENDE, 2020-08-31):
# WERTENTWICKLUNG (KUMULIERT ÜBER 5 JAHRE) (EUR)
|  |
| --- |
|  |  |  |  |  |  |

120
115
(%)
110
105
100
95
20162017201820192020
Kumulierte Wertentwicklung per 31.08.2020 (in %)
| YTD | 1 Monat | 3 Monate | 6 Monate | 1 Jahr | 2 Jahre | 3 Jahre | 4 Jahre | 5 Jahre |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ANTEIL | 2,16 | -0,80 | 1,24 | -0,76 | -1,34 | 10,39 | 9,99 | 7,11 | 15,72 |
| REFERENZINDEX | 2,28 | -0,78 | 1,27 | -0,65 | -1,15 | 10,78 | 10,59 | 7,72 | 16,40 |

Wertentwicklung im Kalenderjahr per 31.08.2020 (in %)
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
| --- | --- | --- | --- | --- | --- |
| ANTEIL | 6,67 | - | 0,39 | 3,16 | 1,61 |
| REFERENZINDEX | 6,86 | - | 0,41 | 3,13 | 1,73 |

(1) Alle Zahlen zur Wertentwicklung sind netto, nach Abzug von Gebühren (in EUR für Track I, Thesaurierung). Die Wertentwicklung und die Ergebnisse in der Vergangenheit lassen keine Rückschlüsse auf die künftige Wertentwicklung zu.
12/2010-02/2016: Aufgrund einer Kapitalmaßnahme am 12.02.2016 stellen die ausgewiesenen Wertentwicklungen ab diesem Zeitpunkt die simulierte frühere Wertentwicklung und die simulierten Gebühren des PARWORLD TRACK EMU GOVERNMENT BOND dar.
In diesem Berichtszeitraum war der Referenzindex „JPM GBI EMU (TR)“ Quelle: BNP Paribas Asset Management

## BESTÄNDE BENCHMARK: (in %)
Wichtigste Positionen (%)
| FRANCE (REPUBLIC OF) 4.50 PCT 25-APR-2041 | 0,90 |
| --- | --- |
| FRANCE (REPUBLIC OF) 2.50 PCT 25-MAY-2030 | 0,84 |
| FRANCE (REPUBLIC OF) 5.50 PCT 25-APR-2029 | 0,81 |
| FRANCE (REPUBLIC OF) 1.50 PCT 25-MAY-2031 | 0,78 |
| FRANCE (REPUBLIC OF) 2.75 PCT 25-OCT-2027 | 0,76 |
| FRANCE (REPUBLIC OF) 5.75 PCT 25-OCT-2032 | 0,76 |
| FRANCE (REPUBLIC OF) 3.50 PCT 25-APR-2026 | 0,74 |
| FRANCE (REPUBLIC OF) 4.25 PCT 25-OCT-2023 | 0,72 |
| GERMANY (FEDERAL REPUBLIC OF) 2.50 PCT | 0,68 |
| FRANCE (REPUBLIC OF) 3.00 PCT 25-APR-2022 | 0,67 |
| Anzahl der Bestände im Referenzindex | 422 |

by Rating (benchmark) (%)
Nach Land (Referenzindex) (%)
| Frankreich | 24,36 |
| --- | --- |
| Italien | 22,26 |
| Deutschland | 17,86 |
| Spanien | 14,05 |
| Belgien | 6,01 |
| Niederlande | 4,45 |
| Österreich | 3,72 |
| Portugal | 2,24 |
| Republik Irland | 1,91 |
| Finnland | 1,46 |
| Sonstige | 1,68 |
| Gesamt | 100,00 |

| AAA | 22,46 |
| --- | --- |
| AA+ | 5,13 |
| AA | 24,36 |
| AA- | 6,03 |
| A+ | 1,96 |
| A | 1,16 |
| A- | 14,17 |
| BBB | 2,24 |
| BBB- | 21,94 |
| Sonstige | 0,51 |
| Ohne Rating | 0,04 |
| Gesamt | 100,00 |

Datenquelle: BNP Paribas Asset Management, zum 31.08.2020
Quellen: Fitch, Moody's, S&P Ratings unter BBB- betreffen hochverzinste oder spekulative Anleihen.
Die hier genannten Unternehmen sind lediglich zu Informationszwecken genannt. Diese Liste ist weder als eine Aufforderung, die entsprechenden Wertpapiere zu erwerben, noch als Anlageempfehlung oder –beratung zu verstehen.