# Performance & Risk
## Performance Evolution (EUR)
CO2 Relative rating
% of AUM covered by ESG absolute rating: Portfolio = 95.5% Benchmark = 99.1% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 95.5% Benchmark = 99.2% (not meaningful for coverage below 50%)
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160
140
120
100
80
60
30/09/19
30/03/20
30/09/20
30/03/21
30/09/21
30/03/22 30/09/22
Portfolio* (18.58%)	Benchmark (17.36%)
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.
| Performance & Risk  (Continued) Risk Analysis |  |
| --- | --- |
|  | 1Y | 3Y | 5Y | Launch |
| Portfolio Volatility* (%) | 15.52 | 15.51 | 13.93 | 12.72 |
| Benchmark Volatility (%) | 14.42 | 15.69 | 13.92 | 12.97 |
| Relative Risk/Tracking Error  (%) | 2.87 | 2.49 | 2.46 | 2.30 |
| Sharpe Ratio | -0.42 | 0.52 | 0.65 | 0.73 |
| Information Ratio | 0.82 | 0.90 | 0.74 | 0.20 |
| Rolling Performance (%) |  |  |  |  |
| 1M	3M	6M	YTD	3Y	5Y	30/09/21	30/09/20	30/09/19	30/09/18	30/09/17	Launch |
|  |  |  |  |  |  |  | 30/09/22 | 30/09/21 | 30/09/20 | 30/09/19 | 30/09/18 |  |
| Portfolio* | -6.14 | -1.93 | -12.68 | -19.17 | 18.58 | 39.20 | -8.60 | 18.84 | 9.16 | 9.95 | 6.77 | 355.77 |
| Benchmark | -5.69 | -2.28 | -12.29 | -18.76 | 17.36 | 39.68 | -9.34 | 22.32 | 5.83 | 12.34 | 5.95 | 473.64 |
| Excess Return | -0.45 | 0.36 | -0.39 | -0.41 | 1.22 | -0.48 | 0.75 | -3.48 | 3.33 | -2.39 | 0.82 | -117.86 |


## 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 |  |  |
| Nestle SA | 9.80 | 10.27 | -0.47 | Consumer Staples | Switzerland |
| Roche Holding AG | 9.79 | 10.57 | -0.79 | Health Care | Switzerland |
| Novartis AG | 6.65 | 6.01 | 0.63 | Health Care | Switzerland |
| Ubs Group AG | 5.17 | 1.64 | 3.52 | Financials | Switzerland |
| Julius Baer Group Ltd | 4.69 | 2.39 | 2.30 | Financials | Switzerland |
| Zurich Insurance Group AG | 4.67 | 2.07 | 2.60 | Financials | Switzerland |
| ABB Ltd | 4.13 | 1.46 | 2.67 | Industrials | Switzerland |
| Sig Group AG | 4.01 | 1.80 | 2.21 | Industrials | Switzerland |
| Straumann Holding Ag-reg | 4.01 | 0.36 | 3.65 | Health Care | Germany |
| Barry Callebaut AG | 3.74 | 1.71 | 2.03 | Consumer Staples | Switzerland |
| Total (%) | 56.66 | 38.30 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Straumann Holding Ag-reg | 4.01 | 0.36 | 3.65 |  | Lindt | 1.64 | 5.28 | -3.64 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Ubs Group AG | 5.17 | 1.64 | 3.52 |  | Schindler Holding AG | 0.00 | 2.41 | -2.41 |
| ABB Ltd | 4.13 | 1.46 | 2.67 |  | Swatch Group AG | 0.00 | 2.26 | -2.26 |
| Zurich Insurance Group AG | 4.67 | 2.07 | 2.60 |  | Kuehne + Nagel International AG | 1.20 | 2.95 | -1.75 |
| Julius Baer Group Ltd | 4.69 | 2.39 | 2.30 |  | Swiss Prime Site AG | 0.00 | 1.56 | -1.56 |
| Sector Breakdown (%) |  |  |  |  | Active Exposure by Sector (%) |  |  |  |

Portfolio	Benchmark
Health Care	29.40	23.34
Industrials	20.69	23.01
Financials	17.43	14.71
Consumer Staples	15.18	18.94
Technology	3.27	4.38
Consumer Discretionary	2.67	4.95
Basic Materials	2.20	2.86
Telecommunications	1.96	3.37
Real Estate	1.80	3.85
Utilities	0.85	0.60
Cash	4.55	0.00
-4	-3	-2	-1	0	1	2	3	4	5	6	7
MarketCap Breakdown (CHF - %)
33
30
27
24
21
18
15
12
9
6
3
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.	-	0.73	12.07	11.46	13.95	31.01	6.65	19.59	4.55
Bench.	0.74	10.44	11.45	13.60	12.41	24.52	6.01	20.84	-

Translation (ENFR, 2022-09-30):
# Performance et risque
## Evolution de la performance (EUR)
Intensité relative en CO2
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 95.5% Indice de réf. = 99.1% (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 = 95.5% Indice de réf.
= 99.2% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
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160
140
120
100
80
60
30/09/19
30/03/20
30/09/20
30/03/21
30/09/21
30/03/22 30/09/22
Portefeuille* (18.58%)	Indice de réference (17.36%)
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.
| Performance et risque  (suite) Analyse du risque |  |
| --- | --- |
|  | 1 an | 3 ans | 5 ans | Création |
| Volatilité du portefeuille* (%) | 15.52 | 15.51 | 13.93 | 12.72 |
| Volatilité de l'indice de référence (%) | 14.42 | 15.69 | 13.92 | 12.97 |
| Risque relatif/Tracking Error  (%) | 2.87 | 2.49 | 2.46 | 2.30 |
| Ratio de Sharpe | -0.42 | 0.52 | 0.65 | 0.73 |
| Ratio d'information | 0.82 | 0.90 | 0.74 | 0.20 |
| Performance glissante (%) |  |  |  |  |
| 1 mois	3 mois	6 mois	YTD  3 ans  5 ans	30/09/21	30/09/20	30/09/19	30/09/18	30/09/17  Création |
|  |  |  |  |  |  |  | 30/09/22 | 30/09/21 | 30/09/20 | 30/09/19 | 30/09/18 |  |
| Portefeuille* | -6.14 | -1.93 | -12.68 | -19.17 | 18.58 | 39.20 | -8.60 | 18.84 | 9.16 | 9.95 | 6.77 | 355.77 |
| Indice de référence | -5.69 | -2.28 | -12.29 | -18.76 | 17.36 | 39.68 | -9.34 | 22.32 | 5.83 | 12.34 | 5.95 | 473.64 |
| Ecarts | -0.45 | 0.36 | -0.39 | -0.41 | 1.22 | -0.48 | 0.75 | -3.48 | 3.33 | -2.39 | 0.82 | -117.86 |


## 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 |  |  |
| Nestle SA	9.80 | 10.27 | -0.47 | Consommation courante | Suisse |
| Roche Holding AG	9.79 | 10.57 | -0.79 | Santé | Suisse |
| Novartis AG	6.65 | 6.01 | 0.63 | Santé | Suisse |
| Ubs Group AG	5.17 | 1.64 | 3.52 | Sociétés Financières | Suisse |
| Julius Baer Group Ltd	4.69 | 2.39 | 2.30 | Sociétés Financières | Suisse |
| Zurich Insurance Group AG	4.67 | 2.07 | 2.60 | Sociétés Financières | Suisse |
| ABB Ltd	4.13 | 1.46 | 2.67 | Industries | Suisse |
| Sig Group AG	4.01 | 1.80 | 2.21 | Industries | Suisse |
| Straumann Holding Ag-reg	4.01 | 0.36 | 3.65 | Santé | Allemagne |
| Barry Callebaut AG	3.74 | 1.71 | 2.03 | Consommation courante | Suisse |
| Total (%)	56.66 | 38.30 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Straumann Holding Ag-reg | 4.01 | 0.36 | 3.65 |  | Lindt | 1.64 | 5.28 | -3.64 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Ubs Group AG | 5.17 | 1.64 | 3.52 |  | Schindler Holding AG | 0.00 | 2.41 | -2.41 |
| ABB Ltd | 4.13 | 1.46 | 2.67 |  | Swatch Group AG | 0.00 | 2.26 | -2.26 |
| Zurich Insurance Group AG | 4.67 | 2.07 | 2.60 |  | Kuehne + Nagel International AG | 1.20 | 2.95 | -1.75 |
| Julius Baer Group Ltd | 4.69 | 2.39 | 2.30 |  | Swiss Prime Site AG | 0.00 | 1.56 | -1.56 |
| Exposition sectorielle (%) |  |  |  |  | Exposition sectorielle active (%) |  |  |  |

Portefeuille  Indice de réference
Santé	29.40	23.34
Industries	20.69	23.01
Sociétés Financières	17.43	14.71
Consommation courante	15.18	18.94
Technologie	3.27	4.38
Consommation non essentielle	2.67	4.95
Matériaux de Base	2.20	2.86
Télécommunications	1.96	3.37
Immobilier	1.80	3.85
Services aux Collectivités	0.85	0.60
Monétaire	4.55	0.00
-4	-3	-2	-1	0	1	2	3	4	5	6	7

## Ventilation par capitalisation boursière (CHF - %)
33
30
27
24
21
18
15
12
9
6
3
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.	-	0.73	12.07	11.46	13.95	31.01	6.65	19.59	4.55
Indice de réf.	0.74	10.44	11.45	13.60	12.41	24.52	6.01	20.84	-