# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
% of AUM covered by ESG absolute rating: Portfolio = 100.0% Benchmark = 100.0% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 100.0% Benchmark = 99.9% (not meaningful for coverage below 50%)
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160
140
120
100
80
60
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
Portfolio* (29.96%)	Benchmark (29.44%)
Data is rebased to 100 by AXA IM on the graph start date.
Past performance is not a reliable indicator of future results. Performance calculations are net of fees, based on the reinvestment of dividends. The benchmark, when there is one could be calculated on the basis of net or gross dividend. Please refer to the prospectus for more information.
| Risk Analysis |  |
| --- | --- |
|  | 1Y | 3Y | 5Y | Launch |
| Portfolio Volatility* (%) | 13.26 | 16.25 | 14.63 | 15.26 |
| Benchmark Volatility (%) | 12.39 | 16.51 | 14.39 | 15.79 |
| Relative Risk/Tracking Error  (%) | 2.09 | 2.70 | 2.67 | 3.11 |
| Sharpe Ratio | 1.32 | 0.70 | 0.55 | 0.37 |
| Information Ratio | 0.91 | 0.78 | 0.45 | 0.23 |
| Rolling Performance (%) |  |  |  |  |
| 1M	3M	6M	YTD	3Y	5Y	28/02/21	28/02/20	28/02/19	28/02/18	28/02/17	Launch |
|  |  |  |  |  |  |  | 28/02/22 | 28/02/21 | 29/02/20 | 28/02/19 | 28/02/18 |  |
| Portfolio* | -3.79 | -1.52 | -3.49 | -6.61 | 29.96 | 33.17 | 15.24 | 10.89 | 1.70 | -2.33 | 4.91 | 161.51 |
| Benchmark | -3.01 | -0.94 | -1.95 | -6.11 | 29.44 | 37.65 | 15.43 | 8.87 | 3.00 | 1.26 | 5.02 | 220.72 |
| Excess Return | -0.77 | -0.58 | -1.54 | -0.49 | 0.52 | -4.48 | -0.19 | 2.02 | -1.31 | -3.59 | -0.11 | -59.22 |


## Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 25.34 | -1.99 | 25.29 | -12.80 | 6.85 | -0.39 | 11.01 | 2.52 | 21.95 | 20.44 |
| Benchmark | 25.13 | -3.32 | 26.05 | -10.57 | 10.24 | 2.58 | 10.68 | 7.38 | 22.04 | 21.34 |
| Excess Return | 0.21 | 1.33 | -0.76 | -2.23 | -3.39 | -2.97 | 0.33 | -4.85 | -0.09 | -0.90 |

Past performance is not a reliable indicator of future results. Performance calculations are net of fees, based on the reinvestment of dividends. The benchmark, when there is one could be calculated on the basis of net or gross dividend. Please refer to the prospectus for more information.
| Portfolio Analysis |  |
| --- | --- |
| Top 10 Holdings |
| Equity |  |  | Weighting (%) | Sector | Geography |
|  | Portfolio | Benchmark | Relative |  |  |
| Asml Holding NV | 5.80 | 2.67 | 3.13 | Information Technology | Netherlands |
| Roche Holding AG | 4.08 | 2.70 | 1.38 | Health Care | Switzerland |
| AstraZeneca PLC | 3.99 | 1.81 | 2.19 | Health Care | United Kingdom |
| BP PLC | 3.78 | 0.94 | 2.84 | Energy | United Kingdom |
| Nestle SA | 3.76 | 3.52 | 0.23 | Consumer Staples | Switzerland |
| STELLANTIS NV | 3.47 | 0.36 | 3.12 | Consumer Discretionary | Italy |
| BNP Paribas SA | 3.42 | 0.64 | 2.78 | Financials | France |
| Ubs Group AG | 3.04 | 0.62 | 2.42 | Financials | Switzerland |
| Schneider Electric SE | 2.83 | 0.81 | 2.02 | Industrials | France |
| Intesa Sanpaolo SpA | 2.68 | 0.41 | 2.27 | Financials | Italy |
| Total (%) | 36.84 | 14.47 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Asml Holding NV | 5.80 | 2.67 | 3.13 |  | Shell PLC | 0.00 | 1.95 | -1.95 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| STELLANTIS NV | 3.47 | 0.36 | 3.12 |  | Novartis AG | 0.00 | 1.84 | -1.84 |
| BP PLC | 3.78 | 0.94 | 2.84 |  | HSBC Holdings PLC | 0.00 | 1.35 | -1.35 |
| BNP Paribas SA | 3.42 | 0.64 | 2.78 |  | Unilever PLC | 0.00 | 1.25 | -1.25 |
| Ubs Group AG | 3.04 | 0.62 | 2.42 |  | TotalEnergies SE | 0.00 | 1.23 | -1.23 |
| Sector Breakdown (%) |  |  |  |  | Active Exposure by Sector (%) |  |  |  |

Portfolio	Benchmark
Financials	16.97	16.20
Health Care	13.44	14.94
Industrials	12.85	14.61
Consumer Staples	11.35	13.23
Information Technology	10.72	7.54
Consumer Discretionary	9.80	10.84
Communication Services	8.25	3.79
Utilities	4.81	4.43
Materials	4.64	7.71
Energy	3.78	5.43
Real Estate	0.00	1.28
Cash	3.39	0.00
-4	-3	-2	-1	0	1	2	3	4	5

## Securities Exposure by geographical area (%)
Portfolio	Benchmark
France	20.93	17.76
United Kingdom	20.70	23.83
Switzerland	15.67	15.93
Italy	8.73	3.79
Netherlands	8.18	6.82
Germany	7.27	13.16
Spain	4.97	3.60
Sweden	4.22	5.43
Denmark	2.68	4.03
Ireland	1.87	1.02
Finland	1.40	1.49
Portugal	0.00	0.31
Other	0.00	2.84
Cash	3.39	0.00

## Active Exposure by Geography (%)
-6	-5	-4	-3	-2	-1	0	1	2	3	4	5
MarketCap Breakdown (EUR - %)
55
50
45
40
35
30
25
20
15
10
5
0	1bn To 3bn	3bn To 5bn	5bn To 10bn	10bn To 25bn	25bn To 100bn	100bn To 250bn	More Than 250bn	Cash
Port.	-	-	9.41	10.11	49.57	17.03	10.48	3.39
Bench.	0.02	0.26	6.04	18.83	45.51	21.14	8.19	-

Translation (ENFR, 2022-02-28):
# Performance et risque
## Evolution de la performance (EUR)
Intensité relative en CO2
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 100.0% Indice de référence = 100.0% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
% de l’encours sous gestion couvert par l’indicateur d’intensité en CO2 : Portefeuille = 100.0% Indice de référence = 99.9% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
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160
140
120
100
80
60
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
Portefeuille* (29.96%)	Indice de réference (29.44%)
Les données sont rebasées à 100 par AXA IM à la date de début du graphique.
Les performances passées ne préjugent pas des résultats futurs. Les calculs de performances sont nets de frais et réalisés coupons réinvestis. L’indice de référence, le cas échéant, pourrait être calculé sur la base des coupons nets ou bruts. Veuillez consulter le prospectus pour obtenir plus d’informations.
| Analyse du risque |  |
| --- | --- |
|  | 1 an | 3 ans | 5 ans | Création |
| Volatilité du portefeuille* (%) | 13.26 | 16.25 | 14.63 | 15.26 |
| Volatilité de l'indice de référence (%) | 12.39 | 16.51 | 14.39 | 15.79 |
| Risque relatif/Tracking Error  (%) | 2.09 | 2.70 | 2.67 | 3.11 |
| Ratio de Sharpe | 1.32 | 0.70 | 0.55 | 0.37 |
| Ratio d'information | 0.91 | 0.78 | 0.45 | 0.23 |
| Performance glissante (%) |  |  |  |  |
| 1 mois	3 mois	6 mois	YTD  3 ans  5 ans	28/02/21	28/02/20	28/02/19	28/02/18	28/02/17  Création |
|  |  |  |  |  |  |  | 28/02/22 | 28/02/21 | 29/02/20 | 28/02/19 | 28/02/18 |  |
| Portefeuille* | -3.79 | -1.52 | -3.49 | -6.61 | 29.96 | 33.17 | 15.24 | 10.89 | 1.70 | -2.33 | 4.91 | 161.51 |
| Indice de réference | -3.01 | -0.94 | -1.95 | -6.11 | 29.44 | 37.65 | 15.43 | 8.87 | 3.00 | 1.26 | 5.02 | 220.72 |
| Ecarts | -0.77 | -0.58 | -1.54 | -0.49 | 0.52 | -4.48 | -0.19 | 2.02 | -1.31 | -3.59 | -0.11 | -59.22 |


## Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 25.34 | -1.99 | 25.29 | -12.80 | 6.85 | -0.39 | 11.01 | 2.52 | 21.95 | 20.44 |
| Indice de réference | 25.13 | -3.32 | 26.05 | -10.57 | 10.24 | 2.58 | 10.68 | 7.38 | 22.04 | 21.34 |
| Ecarts | 0.21 | 1.33 | -0.76 | -2.23 | -3.39 | -2.97 | 0.33 | -4.85 | -0.09 | -0.90 |

Les performances passées ne préjugent pas des résultats futurs. Les calculs de performances sont nets de frais et réalisés coupons réinvestis. L’indice de référence, le cas échéant, pourrait être calculé sur la base des coupons nets ou bruts. Veuillez consulter le prospectus pour obtenir plus d’informations.
| Analyse du portefeuille |  |
| --- | --- |
| 10 principaux titres |
| Action |  | Pondération (%) | Secteur | Géographie |
| Portefeuille | Indice de réference | Relative |  |  |
| Asml Holding NV	5.80 | 2.67 | 3.13 | Technologie | Pays-Bas |
| Roche Holding AG	4.08 | 2.70 | 1.38 | Santé | Suisse |
| AstraZeneca PLC	3.99 | 1.81 | 2.19 | Santé | Royaume-Uni |
| BP PLC	3.78 | 0.94 | 2.84 | Energie | Royaume-Uni |
| Nestle SA	3.76 | 3.52 | 0.23 | Biens de conso. de base | Suisse |
| STELLANTIS NV	3.47 | 0.36 | 3.12 | Biens de conso. Cycliques | Italie |
| BNP Paribas SA	3.42 | 0.64 | 2.78 | Finance | France |
| Ubs Group AG	3.04 | 0.62 | 2.42 | Finance | Suisse |
| Schneider Electric SE	2.83 | 0.81 | 2.02 | Industrie | France |
| Intesa Sanpaolo SpA	2.68 | 0.41 | 2.27 | Finance | Italie |
| Total (%)	36.84 | 14.47 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Asml Holding NV | 5.80 | 2.67 | 3.13 |  | Shell PLC | 0.00 | 1.95 | -1.95 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| STELLANTIS NV | 3.47 | 0.36 | 3.12 |  | Novartis AG | 0.00 | 1.84 | -1.84 |
| BP PLC | 3.78 | 0.94 | 2.84 |  | HSBC Holdings PLC | 0.00 | 1.35 | -1.35 |
| BNP Paribas SA | 3.42 | 0.64 | 2.78 |  | Unilever PLC | 0.00 | 1.25 | -1.25 |
| Ubs Group AG | 3.04 | 0.62 | 2.42 |  | TotalEnergies SE | 0.00 | 1.23 | -1.23 |
| Exposition sectorielle (%) |  |  |  |  | Exposition sectorielle active (%) |  |  |  |

Portefeuille	Indice de réference
Finance	16.97	16.20
Santé	13.44	14.94
Industrie	12.85	14.61
Biens de conso. de base	11.35	13.23
Technologie	10.72	7.54
Biens de conso. Cycliques	9.80	10.84
Services de Communication	8.25	3.79
Services aux collectivités	4.81	4.43
Matériaux	4.64	7.71
Energie	3.78	5.43
Immobilier	0.00	1.28
Monétaire	3.39	0.00
-4	-3	-2	-1	0	1	2	3	4	5

## Exposition Actions par zone géographique (%)
Portefeuille	Indice de réference
France	20.93	17.76
Royaume-Uni	20.70	23.83
Suisse	15.67	15.93
Italie	8.73	3.79
Pays-Bas	8.18	6.82
Allemagne	7.27	13.16
Espagne	4.97	3.60
Suède	4.22	5.43
Danemark	2.68	4.03
Irlande	1.87	1.02
Finlande	1.40	1.49
Portugal	0.00	0.31
Autres	0.00	2.84
Monétaire	3.39	0.00

## Exposition régionale active (%)
-6	-5	-4	-3	-2	-1	0	1	2	3	4	5

## Ventilation par capitalisation boursière (EUR - %)
55
50
45
40
35
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25
20
15
10
5
0	De 1 à 3 mds	De 3 à 5 mds	De 5 à 10 mds	De 10 à 25 mds	De 25 à 100 mds	De 100 à 250 mds	Plus de 250 mds	Monétaire
Port.	-	-	9.41	10.11	49.57	17.03	10.48	3.39
Indice de réf.	0.02	0.26	6.04	18.83	45.51	21.14	8.19	-