# Performance & Risk
## Performance Evolution (EUR)
Yield to maturity	2.91
Mod. Duration To Worst	3.22

## Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 91.3% (not meaningful for coverage below 50%)
30/08/19
29/02/20
31/08/20
28/02/21
31/08/21
28/02/22 31/08/22
Portfolio* (1.18%)
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* (%) | 6.97 | 10.01 | 8.32 | 7.59 |
| Sharpe Ratio | -0.76 | 0.23 | 0.32 | 0.46 |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 31/08/21 31/08/22 | 31/08/20 31/08/21 | 31/08/19 31/08/20 | 31/08/18 31/08/19 | 31/08/17 31/08/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.38 | -2.45 | -5.17 | -7.88 | 1.18 | 3.99 | -7.23 | 10.58 | -1.38 | 3.41 | -0.61 | 11.70 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 6.18 | 0.85 | 10.96 | -5.97 | 2.61 | 4.96 | - | - | - | - |

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.
30/09/2021
29/10/2021
30/11/2021
31/12/2021
31/01/2022
28/02/2022
31/03/2022
29/04/2022
31/05/2022
30/06/2022
29/07/2022
31/08/2022

## Asset Allocation (%)
-30	-20	-10	0	10	20	30	40	50	60	70	80	90	100	110	120
| Investment Grade Credit Bonds | 23.63 | 22.88 | 23.57 | 22.86 | 21.81 | 17.02 | 16.53 | 16.68 | 19.64 | 23.11 | 23.01 | 22.77 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Emerging and High Yield Bonds | 29.40 | 29.12 | 28.16 | 27.55 | 27.64 | 30.97 | 29.95 | 30.25 | 26.17 | 25.53 | 25.60 | 26.13 |
| Index Linked Bonds | 5.03 | 5.13 | 5.37 | 5.19 | 5.15 | 5.25 | 5.16 | 5.23 | 5.04 | 5.10 | 5.26 | 5.09 |
| Cash | 9.11 | 9.18 | 4.94 | 4.49 | 6.25 | 7.48 | 6.46 | 4.97 | 6.12 | 3.45 | 2.22 | 3.25 |
| Diversification | -21.17 | -20.98 | -23.92 | -23.40 | -21.42 | 9.45 | 10.85 | 14.93 | 22.97 | 22.13 | 7.22 | 5.67 |
| Global Equities | 28.04 | 25.42 | 25.47 | 39.37 | 33.34 | 29.79 | 32.88 | 31.20 | 31.67 | 30.51 | 29.43 | 22.98 |
| Emerging and Commodities Equities | 4.62 | 4.61 | 4.55 | 4.64 | 4.58 | 4.42 | 4.26 | 4.27 | 4.31 | 4.28 | 4.26 | 4.22 |
| Real Estate and Healthcare Equity sector | 5.54 | 5.10 | 5.15 | 1.30 | 1.21 | 1.19 | 1.36 | 1.48 | 1.44 | 1.34 | 1.54 | 1.45 |


## Currency Breakdown (%)
80
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |
|  |  |  |  |
|  |  |  |

70
60
50
40
30
20
10
0	EUR	USD	JPY	CHF	GBP	HKD	Other
Portfolio	67.87	18.37	3.29	1.78	1.63	1.44	5.62
| Sector Breakdown (%) |  |  | Geographical Breakdown (%) |  |
| --- | --- | --- | --- | --- |
|  | Portfolio |  |  | Portfolio |
| Health Care | 5.85 |  | North America | 13.47 |
| Financials | 5.14 |  | Japan | 5.21 |
| Cons. stap. | 2.89 |  | Emerging Markets | 4.57 |
| Communication Services | 2.44 |  | Others | 1.59 |
| Materials | 1.72 |  | Asia ex Japan | 1.36 |
| Real estate | 1.46 |  | European Economic Area | -4.00 |
| Energy | 0.68 |  |
| IT | 0.64 |
| Industrials | 0.50 |
| Utilities | 0.49 |
| Cons. disc. | 0.37 |
| MarketCap Breakdown (EUR - %) |  |

14
12
10
8
6
4
2
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
Port.	0.07	0.49	0.56	2.80	5.38	12.62	6.66	3.19

## Other information
Portfolio
Current dividend yield (%)	6.20
Fixed Income : 57% of the Overall Portfolio

## Fund Key Metrics
Portfolio
Number of Holdings	511
Number of Issuers	338
Linear Average Rating	BBB-
Portfolio
Mod. Duration To Worst	3.22
Yield To Worst (%)	5.54

## Maturity Breakdown (%)
16
12
8
4
0	0-1 year	1-3 years	3-5 years	5-7 years	7-10 years	10-20 years	+20 years
Portfolio	1.71	10.49	14.37	10.21	10.82	5.75	6.21

## Rating Breakdown (%)
25
20
15
10
5
0	AAA	AA	A	BBB	BB	B	CCC	CC	D	NR
Portfolio	0.37	5.09	5.92	23.39	11.40	9.81	1.59	0.18	0.12	0.11

## Instrument Type Breakdown (%)
35
30
25
20
15
10
5
0	Industrials	Financial	Sovereign	Quasi & Foreign
Government
Utility	Cash	Not Classified
Portfolio	31.39	13.41	6.37	4.71	3.32	0.29	0.07

Translation (ENFR, 2022-08-31):
# Performance et risque
## Evolution de la performance (EUR)

## Profil du portefeuille
Notation ESG
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 91.3% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
30/08/19
29/02/20
31/08/20
28/02/21
31/08/21
28/02/22 31/08/22
Portefeuille* (1.18%)
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* (%) | 6.97 | 10.01 | 8.32 | 7.59 |
| Ratio de Sharpe | -0.76 | 0.23 | 0.32 | 0.46 |


## Performance glissante (%)
31/08/22
1 mois	3 mois	6 mois	YTD	3 ans	5 ans	31/08/21
31/08/20
31/08/21
31/08/19
31/08/20
31/08/18
31/08/19
31/08/17
31/08/18
Création
Portefeuille*	-1.38	-2.45	-5.17	-7.88	1.18	3.99	-7.23	10.58	-1.38	3.41	-0.61	-

## Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 6.18 | 0.85 | 10.96 | -5.97 | 2.61 | 4.96 | - | - | - | - |

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.
30/09/2021
29/10/2021
30/11/2021
31/12/2021
31/01/2022
28/02/2022
31/03/2022
29/04/2022
31/05/2022
30/06/2022
29/07/2022
31/08/2022

## Répartition par classe d'actifs (%)
-30	-20	-10	0	10	20	30	40	50	60	70	80	90	100	110	120
| Obligations d’entreprises investment grade | 23.63 | 22.88 | 23.57 | 22.86 | 21.81 | 17.02 | 16.53 | 16.68 | 19.64 | 23.11 | 23.01 | 22.77 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Obligations émergentes et à haut rendement | 29.40 | 29.12 | 28.16 | 27.55 | 27.64 | 30.97 | 29.95 | 30.25 | 26.17 | 25.53 | 25.60 | 26.13 |
| Obligations indexées | 5.03 | 5.13 | 5.37 | 5.19 | 5.15 | 5.25 | 5.16 | 5.23 | 5.04 | 5.10 | 5.26 | 5.09 |
| Liquidités | 9.11 | 9.18 | 4.94 | 4.49 | 6.25 | 7.48 | 6.46 | 4.97 | 6.12 | 3.45 | 2.22 | 3.25 |
| Diversification	-21.17 -20.98 -23.92 -23.40 -21.42	9.45 10.85 14.93 22.97 22.13	7.22	5.67 |
| Actions mondiales | 28.04 | 25.42 | 25.47 | 39.37 | 33.34 | 29.79 | 32.88 | 31.20 | 31.67 | 30.51 | 29.43 | 22.98 |
| Actions émergentes et liées aux matières premières | 4.62 | 4.61 | 4.55 | 4.64 | 4.58 | 4.42 | 4.26 | 4.27 | 4.31 | 4.28 | 4.26 | 4.22 |
| Actions du secteur immobilier et du secteur de la santé | 5.54 | 5.10 | 5.15 | 1.30 | 1.21 | 1.19 | 1.36 | 1.48 | 1.44 | 1.34 | 1.54 | 1.45 |


## Exposition par devise (%)
80
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |
|  |  |  |  |
|  |  |  |

70
60
50
40
30
20
10
0	EUR	USD	JPY	CHF	GBP	HKD	Autres
Portefeuille	67.87	18.37	3.29	1.78	1.63	1.44	5.62

## Exposition sectorielle (%)	Exposition géographique (%)
Portefeuille
Santé	5.85
Finance	5.14
Conso. Base	2.89
Services de Communication	2.44
Matériaux	1.72
Immobilier	1.46
Energie	0.68
Technologie	0.64
Industrie	0.50
Serv. aux collect.	0.49
Conso. cycl.	0.37
Portefeuille
Amérique du Nord	13.47
Japon	5.21
Marchés émergents	4.57
Autres	1.59
Asie ex Japon	1.36
Pays membres de la zone EEE	-4.00

## Ventilation par capitalisation boursière (EUR - %)
14
12
10
8
6
4
2
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
Port.	0.07	0.49	0.56	2.80	5.38	12.62	6.66	3.19

## Autres informations
Portefeuille
Current dividend yield (%)	6.20
Obligations : 57% du portefeuille global

## Caractéristiques du portefeuille
Portefeuille
Nombre de lignes	511
Nombre d'émetteurs	338
Rating moyen linéaire	BBB-
Portefeuille
Mod. Duration To Worst	3.22
Yield to worst (%)	5.54

## Exposition par maturité (%)
16
12
8
4
0	0-1 an	1-3 ans	3-5 ans	5-7 ans	7-10 ans	10-20 ans	+ 20 ans
Portefeuille	1.71	10.49	14.37	10.21	10.82	5.75	6.21

## Exposition par rating (%)
25
20
15
10
5
0	AAA	AA	A	BBB	BB	B	CCC	CC	D	NR
Portefeuille	0.37	5.09	5.92	23.39	11.40	9.81	1.59	0.18	0.12	0.11

## Exposition par type d'instrument (%)
35
30
25
20
15
10
5
0	Industrie	Finance	Souverain	Quasi & Foreign
Government
Services aux Collectivités
Cash	Hors catégorie
Portefeuille	31.39	13.41	6.37	4.71	3.32	0.29	0.07