# Performance & Risk
## Performance Evolution (EUR)
CO2 Relative rating
% of AUM covered by ESG absolute rating: Portfolio = 96.1% Benchmark = 98.7% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 96.1% Benchmark = 98.7% (not meaningful for coverage below 50%)
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31/12/18
30/06/19
31/12/19
30/06/20
31/12/20
30/06/21 31/12/21
Portfolio* (85.29%)	Benchmark (85.70%)
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* (%) | 10.94 | 12.38 | 11.90 | 12.32 |
| Benchmark Volatility (%) | 10.97 | 12.91 | 12.04 | 12.61 |
| Relative Risk/Tracking Error  (%) | 2.05 | 2.63 | 2.46 | 2.32 |
| Sharpe Ratio | 2.58 | 2.02 | 1.40 | 0.89 |
| Information Ratio | -0.04 | 0.79 | 0.96 | 0.19 |
| Rolling Performance (%) |  |  |  |  |
| 1M	3M	6M	YTD	3Y	5Y	31/12/20	31/12/19	31/12/18	31/12/17	31/12/16	Launch |
|  |  |  |  |  |  |  | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 |  |
| Portfolio* | 5.91 | 13.08 | 12.22 | 25.98 | 85.29 | 97.01 | 25.98 | 7.96 | 36.23 | -7.72 | 15.22 | 463.85 |
| Benchmark | 6.30 | 11.59 | 11.44 | 28.29 | 85.70 | 94.16 | 28.29 | 5.79 | 36.84 | -9.00 | 14.90 | 606.08 |
| Excess Return | -0.39 | 1.49 | 0.77 | -2.31 | -0.41 | 2.85 | -2.31 | 2.18 | -0.61 | 1.28 | 0.33 | -142.23 |


## Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 25.98 | 7.96 | 36.23 | -7.72 | 15.22 | 4.39 | 13.03 | 11.10 | 20.34 | 16.73 |
| Benchmark | 28.29 | 5.79 | 36.84 | -9.00 | 14.90 | 4.41 | 18.93 | 14.74 | 25.52 | 16.94 |
| Excess Return | -2.31 | 2.18 | -0.61 | 1.28 | 0.33 | -0.02 | -5.90 | -3.64 | -5.18 | -0.21 |

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 |  |  |
| Roche Holding AG | 9.45 | 7.31 | 2.14 | Health Care | Switzerland |
| Nestle SA | 9.19 | 9.84 | -0.65 | Consumer Staples | Switzerland |
| Novartis AG | 4.85 | 5.36 | -0.51 | Health Care | Switzerland |
| Ubs Group AG | 4.51 | 1.54 | 2.97 | Financials | Switzerland |
| Cie Financiere Richemont SA | 4.46 | 1.96 | 2.50 | Consumer Discretionary | Switzerland |
| Julius Baer Group Ltd | 4.43 | 2.43 | 2.00 | Financials | Switzerland |
| Straumann Holding AG | 4.26 | 3.93 | 0.33 | Health Care | Switzerland |
| Zurich Insurance Group AG | 4.24 | 1.65 | 2.59 | Financials | Switzerland |
| ABB Ltd | 4.23 | 1.54 | 2.70 | Industrials | Switzerland |
| Lonza Group AG | 3.68 | 1.56 | 2.12 | Health Care | Switzerland |
| Total (%) | 53.30 | 37.13 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Ubs Group AG | 4.51 | 1.54 | 2.97 |  | Lindt | 0.98 | 4.79 | -3.81 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ABB Ltd | 4.23 | 1.54 | 2.70 |  | Schindler Holding AG | 0.00 | 2.70 | -2.70 |
| Zurich Insurance Group AG | 4.24 | 1.65 | 2.59 |  | Swatch Group AG | 0.00 | 1.98 | -1.98 |
| Cie Financiere Richemont SA | 4.46 | 1.96 | 2.50 |  | Kuehne + Nagel International AG | 1.52 | 3.01 | -1.49 |
| Swiss Life Holding AG | 2.79 | 0.48 | 2.31 |  | Tecan Group AG | 0.00 | 1.27 | -1.27 |
| Sector Breakdown (%) |  |  |  |  | Active Exposure by Sector (%) |  |  |  |

Portfolio	Benchmark
Health Care	27.38	25.62
Industrials	23.11	24.95
Financials	17.42	13.45
Consumer Staples	12.02	17.80
Technology	6.03	3.91
Consumer Discretionary	4.46	4.96
Telecommunications	2.00	2.62
Basic Materials	1.73	3.06
Real Estate	1.67	3.21
Utilities	0.87	0.42
Cash	3.31	0.00
-6	-5	-4	-3	-2	-1	0	1	2	3	4
MarketCap Breakdown (CHF - %)
40
36
32
28
24
20
16
12
8
4
0	500mn To 1bn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	-	2.28	4.35	17.24	12.44	36.88	4.85	18.64	3.31
Bench.	0.39	7.34	9.78	16.43	11.77	31.78	5.36	17.15	-

Translation (ENFR, 2021-12-31):
# Performance et risque
## Evolution de la performance (EUR)
Intensité relative en CO2
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 96.1% Indice de référence = 98.7% (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 = 96.1% Indice de référence = 98.7% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
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31/12/18
30/06/19
31/12/19
30/06/20
31/12/20
30/06/21 31/12/21
Portefeuille* (85.29%)	Indice de réference (85.70%)
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* (%) | 10.94 | 12.38 | 11.90 | 12.32 |
| Volatilité de l'indice de référence (%) | 10.97 | 12.91 | 12.04 | 12.61 |
| Risque relatif/Tracking Error  (%) | 2.05 | 2.63 | 2.46 | 2.32 |
| Ratio de Sharpe | 2.58 | 2.02 | 1.40 | 0.89 |
| Ratio d'information | -0.04 | 0.79 | 0.96 | 0.19 |
| Performance glissante (%) |  |  |  |  |
| 1 mois	3 mois	6 mois	YTD  3 ans  5 ans	31/12/20	31/12/19	31/12/18	31/12/17	31/12/16  Création |
|  |  |  |  |  |  |  | 31/12/21 | 31/12/20 | 31/12/19 | 31/12/18 | 31/12/17 |  |
| Portefeuille* | 5.91 | 13.08 | 12.22 | 25.98 | 85.29 | 97.01 | 25.98 | 7.96 | 36.23 | -7.72 | 15.22 | 463.85 |
| Indice de réference | 6.30 | 11.59 | 11.44 | 28.29 | 85.70 | 94.16 | 28.29 | 5.79 | 36.84 | -9.00 | 14.90 | 606.08 |
| Ecarts | -0.39 | 1.49 | 0.77 | -2.31 | -0.41 | 2.85 | -2.31 | 2.18 | -0.61 | 1.28 | 0.33 | -142.23 |


## Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 25.98 | 7.96 | 36.23 | -7.72 | 15.22 | 4.39 | 13.03 | 11.10 | 20.34 | 16.73 |
| Indice de réference | 28.29 | 5.79 | 36.84 | -9.00 | 14.90 | 4.41 | 18.93 | 14.74 | 25.52 | 16.94 |
| Ecarts | -2.31 | 2.18 | -0.61 | 1.28 | 0.33 | -0.02 | -5.90 | -3.64 | -5.18 | -0.21 |

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 |  |  |
| Roche Holding AG	9.45 | 7.31 | 2.14 | Santé | Suisse |
| Nestle SA	9.19 | 9.84 | -0.65 | Consommation courante | Suisse |
| Novartis AG	4.85 | 5.36 | -0.51 | Santé | Suisse |
| Ubs Group AG	4.51 | 1.54 | 2.97 | Sociétés Financières | Suisse |
| Cie Financiere Richemont SA	4.46 | 1.96 | 2.50 | Consommation non essentielle | Suisse |
| Julius Baer Group Ltd	4.43 | 2.43 | 2.00 | Sociétés Financières | Suisse |
| Straumann Holding AG	4.26 | 3.93 | 0.33 | Santé | Suisse |
| Zurich Insurance Group AG	4.24 | 1.65 | 2.59 | Sociétés Financières | Suisse |
| ABB Ltd	4.23 | 1.54 | 2.70 | Industries | Suisse |
| Lonza Group AG	3.68 | 1.56 | 2.12 | Santé | Suisse |
| Total (%)	53.30 | 37.13 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Ubs Group AG | 4.51 | 1.54 | 2.97 |  | Lindt | 0.98 | 4.79 | -3.81 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ABB Ltd | 4.23 | 1.54 | 2.70 |  | Schindler Holding AG | 0.00 | 2.70 | -2.70 |
| Zurich Insurance Group AG | 4.24 | 1.65 | 2.59 |  | Swatch Group AG | 0.00 | 1.98 | -1.98 |
| Cie Financiere Richemont SA | 4.46 | 1.96 | 2.50 |  | Kuehne + Nagel International AG | 1.52 | 3.01 | -1.49 |
| Swiss Life Holding AG | 2.79 | 0.48 | 2.31 |  | Tecan Group AG | 0.00 | 1.27 | -1.27 |
| Exposition sectorielle (%) |  |  |  |  | Exposition sectorielle active (%) |  |  |  |

Portefeuille  Indice de réference
Santé	27.38	25.62
Industries	23.11	24.95
Sociétés Financières	17.42	13.45
Consommation courante	12.02	17.80
Technologie	6.03	3.91
Consommation non essentielle	4.46	4.96
Télécommunications	2.00	2.62
Matériaux de Base	1.73	3.06
Immobilier	1.67	3.21
Services aux Collectivités	0.87	0.42
Monétaire	3.31	0.00
-6	-5	-4	-3	-2	-1	0	1	2	3	4

## Ventilation par capitalisation boursière (CHF - %)
40
36
32
28
24
20
16
12
8
4
0	De 500 mns
à 1 md
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.	-	2.28	4.35	17.24	12.44	36.88	4.85	18.64	3.31
Indice de réf.	0.39	7.34	9.78	16.43	11.77	31.78	5.36	17.15	-