# Performance evolution (in EUR)
Current NAV (A)	35.88
12 month NAV price High	37.32
12 month NAV price Low	33.08
112.5
110.0
107.5
105.0
102.5
100.0
97.5
| 31/08/17 | 31/10/17 | 31/12/17 | 28/02/18 | 30/04/18 | 30/06/18 | 31/08/18 |
| --- | --- | --- | --- | --- | --- | --- |
|  |  | Portfolio* (7.68%) |  | Benchmark** (6.32%) |  |  |
| Data is rebased to 100 by AXA IM on the graph start date. |  |  |  |  |  |  |  |  |
| Cumulative performance |  |  |  |  |  |  |  |  |
|  | 1 M. | 3 M. | YTD | 1 Y. | 3 Y. | 5 Y. | 8 Y. | Launch |
| Portfolio* | -1.32% | -2.97% | 1.82% | 7.68% | 32.11% | 38.27% | 69.81% | 258.08% |
| Benchmark** | -1.24% | -1.20% | 1.23% | 6.32% | 33.80% | 47.41% | 85.78% | 326.71% |
| Annualized performance |  |  |  |  |  |  |  |  |
|  |  |  |  | 1 Y. | 3 Y. | 5 Y. | 8 Y. | Launch |
| Portfolio* |  |  |  | 7.68% | 9.72% | 6.69% | 6.84% | 7.83% |
| Benchmark** |  |  |  | 6.32% | 10.18% | 8.06% | 8.04% | 8.96% |
| Annual performance |  |  |  |  |  |  |  |  |
|  |  | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Portfolio* |  | 9.99% | 10.25% | -0.99% | 8.06% | 0.85% | 23.31% | -10.05% |
| Benchmark** | 10.57% | 11.07% | 1.95% | 13.34% | 0.94% | 22.66% | -9.87% |
| Rolling annual performance |  |  |  |  |  |  |  |  |
|  | 31 Aug 17 | 31 Aug 16 | 31 Aug 15 | 31 Aug 14	31 Aug 13	31 Aug 12 |
|  | 31 Aug 18 | 31 Aug 17 | 31 Aug 16 | 31 Aug 15	31 Aug 14	31 Aug 13 |
| Portfolio* | 7.68% | 9.50% | 12.04% | -10.42% | 16.84% | 1.05% |
| Benchmark** | 6.32% | 11.02% | 13.35% | -8.13% | 19.93% | 3.58% |
| The figures provided relate to previous months or years and past performance is not a reliable indicator as to future | performance. |  |  |  |
| Risk Analysis |  |  |  |  |
|  |  |  |  |  |
|  | 1 Y. | 3 Y. | 5 Y. | Launch |
| Annualized volatility |  |  |  |  |
| Portfolio* | 9.90% | 12.10% | 13.72% | 16.10% |
| Benchmark** | 8.99% | 11.50% | 13.41% | 16.43% |
| Relative risk ('tracking error') | 2.29% | 1.88% | 1.88% | 3.44% |
| Sharpe ratio | 0.96 | 0.95 | 0.61 | 0.48 |
| Information ratio | 1.28 | 0.61 | 0.10 | 0.11 |
| Alpha | 0.0424% | 0.0578% | 0.0085% | 0.0559% |
| Beta | 1.0747 | 1.0403 | 1.0133 | 0.9584 |
| * 1st NAV date: 05/10/2001 |  |  |  |  |
| ** Benchmark : Please refer to the Benchmark section in the characteristics/disclaimers part of the document. Source(s): AXA Investment Managers - GICS - MSCI as at 31/08/2018 Editor: AXA Investment Managers Paris |  |  |  |  |

Translation (ENFR, 2018-08-31):
# Evolution de la performance (en EUR)
Valeur liquidative (C)	35.88
Plus haut (sur 12 mois)	37.32
Plus bas (sur 12 mois)	33.08
112.5
110.0
107.5
105.0
102.5
100.0
97.5
31/08/17
31/10/17
31/12/17
28/02/18
30/04/18
30/06/18
31/08/18
Portefeuille* (7.68%)	Indice de référence** (6.32%)
Les données sont rebasées à 100 par AXA IM à la date de début du graphique.
| Performances cumulées |  |
| --- | --- |
|  | 1 mois | 3 mois | YTD | 1 an | 3 ans | 5 ans | 8 ans | Création |
| Portefeuille* | -1.32% | -2.97% | 1.82% | 7.68% | 32.11% | 38.27% | 69.81% | 258.08% |
| Indice de référence** | -1.24% | -1.20% | 1.23% | 6.32% | 33.80% | 47.41% | 85.78% | 326.71% |
| Performances annualisées |  |  |  |  |  |  |  |  |
|  |  |  |  | 1 an | 3 ans | 5 ans | 8 ans | Création |
| Portefeuille* |  |  |  | 7.68% | 9.72% | 6.69% | 6.84% | 7.83% |
| Indice de référence** |  |  |  | 6.32% | 10.18% | 8.06% | 8.04% | 8.96% |
| Performances annuelles |  |  |  |  |  |  |  |  |
|  |  | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Portefeuille* |  | 9.99% | 10.25% | -0.99% | 8.06% | 0.85% | 23.31% | -10.05% |
| Indice de référence** |  | 10.57% | 11.07% | 1.95% | 13.34% | 0.94% | 22.66% | -9.87% |
| Performance glissante |  |  |  |  |  |  |  |  |
|  | 31 Aoû 17 | 31 Aoû 16 | 31 Aoû 15 | 31 Aoû 14 | 31 Aoû 13 | 31 Aoû 12 |
|  | 31 Aoû 18 | 31 Aoû 17 | 31 Aoû 16 | 31 Aoû 15 | 31 Aoû 14 | 31 Aoû 13 |
| Portefeuille* | 7.68% | 9.50% | 12.04% | -10.42% | 16.84% | 1.05% |
| Indice de référence** | 6.32% | 11.02% | 13.35% | -8.13% | 19.93% | 3.58% |

Les chiffres cités ont trait aux années ou aux mois écoulés et les performances passées ne sont pas un indicateur fiable des performances futures.
| Analyse du risque |  |
| --- | --- |
|  |  |  |  |  |
|  | 1 an | 3 ans | 5 ans | Création |
| Volatilité annualisée |  |  |  |  |
| Portefeuille* | 9.90% | 12.10% | 13.72% | 16.10% |
| Indice de référence** | 8.99% | 11.50% | 13.41% | 16.43% |
| Risque relatif (tracking error) | 2.29% | 1.88% | 1.88% | 3.44% |
| Ratio de Sharpe | 0.96 | 0.95 | 0.61 | 0.48 |
| Ratio d'information | 1.28 | 0.61 | 0.10 | 0.11 |
| Alpha | 0.0424% | 0.0578% | 0.0085% | 0.0559% |
| Beta | 1.0747 | 1.0403 | 1.0133 | 0.9584 |
| * Date de la 1ère Valeur Liquidative : 05/10/2001 |  |  |  |  |
| ** Indice de référence : se référer à la rubrique Indicateur de référence spécifiée en dernière rubrique Source(s) : AXA Investment Managers - GICS - MSCI au 31/08/2018 Rédacteur : AXA Investment Managers Paris |  |  |  |  |