# Ostrum Euro High Income Fund
## PORTFOLIO ANALYSIS AS OF 31/08/2022
ASSET ALLOCATION	Fund %
Fixed-rate bonds	57.8
CHARACTERISTICS	Fund	Index
Yield to Maturity	7.2	6.7
SHARE CLASS : I/A (EUR)	
FEES	
All-in-Fee	0.60%
Max. Sales Charge	3.00%
Max. Redemption Charge	-
Minimum Investment	100.000 EUR
Adjustable-rate bonds	30.4
Money Market Funds	5.4
Average Coupon	1.3	1.8

#### NAV (31/08/2022)
or equivalent

#### 152.82 EUR
Cash	3.7
Bonds Mutual Funds	2.6
Total	100.0
| TOP 10 HOLDINGS | Fund % | BBB- BB+ | 1.6 24.6 | 0.1 37.8 |
| --- | --- | --- | --- | --- |
| EDF TR | 3.1 | BB | 19.4 | 20.1 |
| EDPPL TR 03-82 | 2.9 | BB- | 22.9 | 16.0 |
| ZFFNGR 3.750% 09-28 | 2.7 | B+ | 6.4 | 8.4 |
| O.ST.GL.H.I H-IC EUR | 2.6 | B | 4.6 | 12.9 |

| ATOSTR 1.875% 11-25 | 2.5 |
| --- | --- |
| SAPSJ 3.125% 04-26 | 2.3 |
| ROLLS 1.625% 05-28 | 2.2 |
| SNFF 2.625% 02-29 | 2.2 |
| TELEFO TR | 2.1 |
| ISPIM TR | 2.0 |
| Total | 24.8 |
| Total number of holdings in portfolio | 87 |


##### in % of AuM
<1 Y	22.0 25.2	0.6	0.8
1-3 Y	23.2 38.8	0.8	1.1
| 5-7 Y | 16.1 | 9.5 | 0.8 | 0.5 | United Kingdom | 7.3 | 6.3 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 7-10 Y | 3.7 | 2.3 | 0.3 | 0.2 |
| --- | --- | --- | --- | --- |
| 10-15 Y | 0.8 | 0.5 | 0.1 | 0.0 |

3-5 Y	25.0 23.3	0.9	0.8
>15 Y	0.0	0.1	0.0
Cash & cash equivalent	9.1	0.0	0.0
Modified Duration	3.3	3.4
CREDIT QUALITY	Fund %	Index %

##### BBB	1.0	0.0

##### B-	5.1	4.6

##### CCC+	2.0	0.1

##### CCC	0.6	0.0

##### Mutual Funds	2.6	0.0

##### Cash & cash equivalent	9.1	0.0
Credit Quality reflects the average credit rating assigned to individual holdings of the fund among Moody's, S&P's and Fitch Ratings
France	21.6	16.2
Italy	12.6	16.7
Germany	10.4	12.2
Spain	9.8	10.5
United States	5.8	10.2
Portugal	4.6	1.5
Sweden	4.2	3.5
| Luxembourg | 2.0 | 3.4 |
| --- | --- | --- |
| Switzerland | 1.8 | 0.9 |
| Israel | 1.6 | 1.5 |
| Austria | 1.3 | 0.4 |
| Japan | 1.3 | 1.6 |
| Belgium | 1.1 | 1.0 |
| Netherlands | 0.6 | 4.5 |
| Greece | 0.0 | 1.5 |
| Mexico	0.0	2.0 Poland	0.0	0.7 Czech Republic	0.0	1.0 Ireland	0.0	1.1 |
| Finland | 0.0 | 1.7 |
| Mutual Funds | 2.6 | 0.0 |
| Other countries | 0.0 | 1.3 |
| Cash & cash equivalent | 9.1 | 0.0 |
| in % of AuM |

South Africa	2.3	0.2

##### The All-in fee represents the sum of Management fees and Administration fees. For further details, please refer to the definition at the end of the document.

### MANAGEMENT
Management Company

#### NATIXIS INVESTMENT MANAGERS S.A.
Investment Manager

#### OSTRUM ASSET MANAGEMENT
A responsible (1) European institutional investment management leader (2), Ostrum Asset Management supports its clients in their liability-driven investments, offering both asset management solutions and investment services.
- Ostrum AM was one of the first French asset manager signatories to the PRI in 2008. More details; www.unpri.org
- IPE Top 500 Asset Managers 2020 ranked Ostrum AM as the 77th largest asset manager, as at 12/31/2019. Any reference to a ranking, a rating or an award provides no guarantee for future performance.

Ostrum Asset Management, a subsidiary of Natixis Investment Managers S.A., is a French asset manager authorized by the Autorité des Marchés Financiers (Agreement No. GP90009) and licensed to provide investment management services in the EU.
Headquarters	Paris
Founded	1984
Assets Under Management (Billion)
Portfolio Managers

#### US $ 502.9 / € 442.2
(31/12/2021)
Government related	0.0	1.8	0.1
Corporates	88.3	97.8	3.3	3.3
Cyclical	46.0	44.2	1.8	1.5
Defensive	26.8	35.0	1.0	1.3
Financial	15.4	18.6	0.5	0.5
Securitized	0.0	0.4	0.0
Mutual Funds	2.6	0.0	0.0
Cash & cash equivalent	9.1	0.0	0.0

##### BCLASS Nomenclature Bond futures are embedded in government bonds
Erwan Guilloux, FRM: began investment career in 2005;joined Ostrum Asset Management in 2015; has co-managed the Fund since 2015; EDHEC Business School.
Emilie Huot started her career in finance in 2003, joining Ostrum AM in 2012; Emilie graduated with a Master's Degree in Banking and Finance from University Paris I - Panthéon-Sorbonne.
Julien Petit : started his career in finance in 2001. He joined Ostrum AM in 2017 ; he holds a Master's degree in Finance & Management from IAE AIX (Aix Marseille Graduate School of Management), and a Master's degree in Finance from University of Paris IX-Dauphine (Paris).

##### Source: Natixis Investment Managers International unless otherwise indicated

##### Due to active management, portfolio characteristics are subject to change. References to specific securities or industries should not be considered a recommendation.
INFORMATION
Prospectus Enquiries

##### E-mail	ClientServicingAM@natixis.com

Translation (ENDE, 2022-08-31):
# Ostrum Euro High Income Fund
## PORTFOLIOSTRUKTUR ZUM 31/08/2022
VERMÖGENSALLOKATION	Fonds %
Festverzinsliche Anleihen	57,8
revidierbar verzinsliche Anleihen	30,4
Geldmarkt-OGA	5,4
Liquidität	3,7
Anleihen-OGA	2,6
Gesamt	100,0

#### in % des Nettovermögens
Rendite auf Verfall	7,2	6,7
MERKMALE	Fonds	Index
Durchschnittlicher Kupon	1,3	1,8
Modifizierte Duration	3,3	3,4
BONITÄT	Fonds %	Index %

#### BBB	1,0	0,0
|  | BBB- | 1,6 | 0,1 |
| --- | --- | --- | --- |
| TOP 10 | Fonds % |  | BB+ | 24,6 | 37,8 |
| EDF TR | 3,1 |  | BB | 19,4 | 20,1 |
| EDPPL TR 03-82 | 2,9 |  | BB- | 22,9 | 16,0 |
| ZFFNGR 3.750% 09-28 | 2,7 |  | B+ | 6,4 | 8,4 |
| O.ST.GL.H.I H-IC EUR	2,6	B	4,6	12,9 ATOSTR 1.875% 11-25	2,5	B-	5,1	4,6 SAPSJ 3.125% 04-26	2,3	CCC+	2,0	0,1 ROLLS 1.625% 05-28	2,2	CCC	0,6	0,0 SNFF 2.625% 02-29	2,2	OGA	2,6	0,0 TELEFO TR	2,1	Liquidität & Sonstige	9,1	0,0 ISPIM TR	2,0 Gesamt	24,8	 Durchschnittliche Rating-Agenturen die Ausgabe S & P, Moodys und Fitch; Transkription Nomenklatur von S & P Anzahl der Positionen im Portfolio	87 AUFTEILUNG NACH	Fonds Index Fonds Index	GEOGRAFISCHE LAUFZEIT	 %	 Sensitivität	 AUFTEILUNG NACH	Fonds %	Index % LÄNDERN |

Portfoliomanager
Erwan Guilloux, FRM: begann seine Laufbahn im Investmentbereich im Jahr 2005; seit 2015 bei Ostrum Asset Management; Mitverwalter des Fonds seit 2015; EDHEC Business School.
Emilie Huot begann ihre Karriere im Finanzwesen im Jahr 2003 und kam 2012 zu Ostrum AM. Sie hält einen Masterabschluss in Bank- und Finanzwesen der Universität Paris I - Panthéon-Sorbonne.
Julien Petit begann seine Karriere im Finanzwesen im Jahr 2001 und kam 2017 zu Ostrum AM. Er hält einen Masterabschluss in Finanzwesen und Management der IAE AIX (Aix Marseille Graduate School of Management) und in Finanzwesen der Universität Paris IX-Dauphine (Paris)
| Schweiz | 1,8 | 0,9 |
| --- | --- | --- |
| Israel | 1,6 | 1,5 |
| Österreich | 1,3 | 0,4 |
| Japan | 1,3 | 1,6 |
| Belgien | 1,1 | 1,0 |
| Niederlande | 0,6 | 4,5 |
| Griechenland | 0,0 | 1,5 |
| Mexiko | 0,0 | 2,0 |
| Polen | 0,0 | 0,7 |
| République Tchèque	0,0	1,0 Irland	0,0	1,1 Finlande	0,0	1,7 OGA	2,6	0,0 Sonstige Länder	0,0	1,3 Liquidität & Sonstige	9,1	0,0 |


#### in % des Nettovermögens
| AUFTEILUNG NACH ART DES EMITTENTEN | Fonds | % | Index | Fonds	Ind Sensitivität | ex |
| --- | --- | --- | --- | --- | --- |
| Staatsanleihen | 0,0 |  | 1,8 |  | 0,1 |
| Unternehmensanleihen | 88,3 |  | 97,8 | 3,3 | 3,3 |
| Defensive | 26,8 |  | 35,0 | 1,0 | 1,3 |
| Finanzwerte | 15,4 |  | 18,6 | 0,5 | 0,5 |
| Zyklische | 46,0 |  | 44,2 | 1,8 | 1,5 |
| Besicherte Anleihen | 0,0 |  | 0,4 |  | 0,0 |
| OGA | 2,6 |  | 0,0 | 0,0 |  |
| Liquidität & Sonstige | 9,1 |  | 0,0 | 0,0 |  |


#### Datenquelle: Natixis Investment Managers International soweit nicht anders angegeben

#### Nomenklatur BCLASS Anleihe-Futures sind in Staatsanleihen eingebettet
US $ 502.9 / € 442.2
(31/12/2021)
Verwaltetes Vermögen (Milliarden)
| <1 jahr | 22,0 | 25,2 | 0,6 | 0,8 |
| --- | --- | --- | --- | --- |
| 1-3 jahre | 23,2 | 38,8 | 0,8 | 1,1 |
| 3-5 jahre | 25,0 | 23,3 | 0,9 | 0,8 |
| 5-7 jahre | 16,1 | 9,5 | 0,8 | 0,5 |
| 7-10 jahre | 3,7 | 2,3 | 0,3 | 0,2 |
| 10-15 jahre | 0,8 | 0,5 | 0,1 | 0,0 |
| >15 jahre | 0,0 | 0,1 |  | 0,0 |
| Liquidität & Sonstige | 9,1 | 0,0 | 0,0 |  |

| Frankreich | 21,6 | 16,2 |
| --- | --- | --- |
| Italien | 12,6 | 16,7 |
| Deutschland | 10,4 | 12,2 |
| Spanien | 9,8 | 10,5 |
| Großbritannien | 7,3 | 6,3 |
| USA | 5,8 | 10,2 |
| Portugal | 4,6 | 1,5 |
| Schweden | 4,2 | 3,5 |
| Südafrika | 2,3 | 0,2 |
| Luxemburg | 2,0 | 3,4 |

INFORMATION
Verkaufsprospekt Anfrage

#### E-Mail	ClientServicingAM@natixis.com

#### Aufgrund des aktiven Verwaltungsstils können die Merkmale des Portfolios sich ändern. Der Verweis auf bestimmte Wertpapiere oder Branchen sollte nicht als Empfehlung angesehen werden