# Performance & Risk
## Performance Evolution (EUR)
Assets Under Management (M)
EUR
40.99
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 83.8% (not meaningful for coverage below 50%)
30/09/19
30/03/20
30/09/20
30/03/21
30/09/21
30/03/22 30/09/22
Portfolio* (-5.57%)	Benchmark (-1.31%)
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* (%) | 3.70 | 2.51 | 2.11 | 1.62 |
| Benchmark Volatility (%) | 0.04 | 0.05 | 0.04 | 0.10 |
| Relative Risk/Tracking Error  (%) | 3.70 | 2.52 | 2.11 | 1.61 |
| Sharpe Ratio | -1.07 | -0.22 | -0.27 | 0.15 |
| Information Ratio | -1.08 | -0.22 | -0.27 | 0.15 |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 30/09/21 30/09/22 | 30/09/20 30/09/21 | 30/09/19 30/09/20 | 30/09/18 30/09/19 | 30/09/17 30/09/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.18 | -0.47 | -1.77 | -5.19 | -5.57 | -9.03 | -5.25 | -0.86 | 0.52 | -2.46 | -1.24 | -8.86 |
| Benchmark | 0.04 | 0.00 | -0.12 | -0.25 | -1.31 | -2.04 | -0.37 | -0.48 | -0.46 | -0.37 | -0.36 | -1.89 |
| Excess Return | -1.22 | -0.47 | -1.65 | -4.95 | -4.26 | -6.99 | -4.88 | -0.37 | 0.98 | -2.08 | -0.87 | -6.97 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -0.61 | 0.66 | -1.63 | -1.50 | -1.11 | -1.71 | 1.16 | -0.14 | 1.41 | -0.04 |
| Benchmark | -0.49 | -0.47 | -0.40 | -0.37 | -0.36 | -0.32 | -0.11 | 0.10 | 0.09 | 0.24 |
| Excess Return | -0.12 | 1.12 | -1.23 | -1.14 | -0.75 | -1.38 | 1.27 | -0.24 | 1.31 | -0.28 |

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.

## Asset Allocation (%)
-30	-20	-10	0	10	20	30	40	50	60	70	80	90	100	110	120	130
| Equity | 88.33 | 122.27 | 117.90 | 115.67 | 117.31 | 12.65 | 12.49 | 12.52 | 12.13 | 13.51 | 10.40 | 4.04 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bonds | 11.67 | -22.27 | -17.90 | -15.67 | -17.31 | 87.35 | 87.51 | 87.48 | 87.87 | 86.49 | 89.60 | 95.96 |

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
30/09/2022

## Currency Breakdown (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
-20
EUR	DKK	AUD	ZAR	USD
Portfolio	100.05	1.43	-	-0.15	-1.33
| Equity | Weighting (%) | Sector | Geography |  |
| --- | --- | --- | --- | --- |
| Carrier Global Corp | 1.96 | Industrials | United States |  |
| Air Liquide SA | 1.68 | Materials | France |  |
| Xylem Inc | 1.65 | Industrials | United States |  |
| Verbund AG | 1.41 | Utilities | Austria |  |
| NextEra Energy Inc | 1.40 | Utilities | United States |  |
| Danaher Corp | 1.36 | Health Care | United States |  |
| Thermo Fisher Scientific Inc | 1.36 | Health Care | United States |  |
| Ameresco Inc | 1.29 | Industrials | United States |  |
| Trimble Inc | 1.23 | Information Technology | United States |  |
| Darling Ingredients Inc | 1.16 | Consumer Staples | United States |  |
| Total (%) | 14.51 |  |  |  |
| Sector Breakdown (%) |  |  |  |  |
|  |  |  |  | Portfolio |
| Industrials |  |  |  | 139.90 |
| Health Care |  |  |  | 126.35 |
| Materials |  |  |  | 88.65 |
| Utilities |  |  |  | 76.01 |
| Real estate |  |  |  | -13.12 |
| Cons. stap. |  |  |  | -17.83 |
| Energy |  |  |  | -31.50 |
| Communication Services |  |  |  | -38.94 |
| Cons. disc. |  |  |  | -68.38 |
| Financials |  |  |  | -77.95 |
| IT |  |  |  | -83.18 |

| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| --- | --- | --- | --- | --- |
| EURO-SCHATZ FUT DEC22 Counter Expo | 48.37 | Germany | 0.0 | 0.00 |
| Bundesschatzanweisungen 0.4% 09/13/2024 | 23.79 | Germany | 1.9 | 0.45 |
| Italy (Republic of) 3.75% 09/01/2024 | 12.44 | Italy | 1.8 | 0.22 |
| 3MO EURO EURIBOR DEC22 Counter Expo | 8.94 | Euroland | 0.0 | 0.00 |
| Spain Government Bond 1.6% 04/30/2025 | 8.47 | Spain | 2.5 | 0.21 |
| Spain Government Bond 4.65% 07/30/2025 | 3.93 | Spain | 2.6 | 0.10 |
| Bundesschatzanweisungen 03/15/2024 | 2.38 | Germany | 1.4 | 0.03 |
| Italy (Republic of) 1.45% 05/15/2025 | 2.35 | Italy | 2.5 | 0.06 |
| France Government Bond OAT 4.25% 10/25/2023 | 1.30 | France | 1.0 | 0.01 |
| EURO-SCHATZ FUT DEC22 Margin | 0.46 | Germany | 0.0 | 0.00 |
| Total (%) | 112.43 |  |  |  |
| Maturity Breakdown (%) |  |  |  |  |
| 120 |  |  |  |  |
| 100 |  |  |  |  |

|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

80
60
40
20
0	0 - 1 Year	1 - 3 years
Portfolio	1.25	98.75

Translation (ENFR, 2022-09-30):
# Performance et risque
## Evolution de la performance (EUR)
Valeur liquidative
Cap.

### 91.14
Actif net du fonds (M)
EUR

### 40.99

## Indice de réference
Depuis le: 01/01/2022
100% (€STR + 8.5 bps) capitalized

## Profil du portefeuille
Notation ESG
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 83.8% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
30/09/19
30/03/20
30/09/20
30/03/21
30/09/21
30/03/22 30/09/22
Portefeuille* (-5.57%)	Indice de réference (-1.31%)
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* (%) | 3.70 | 2.51 | 2.11 | 1.62 |
| Volatilité de l'indice de référence (%) | 0.04 | 0.05 | 0.04 | 0.10 |
| Risque relatif/Tracking Error  (%) | 3.70 | 2.52 | 2.11 | 1.61 |
| Ratio de Sharpe | -1.07 | -0.22 | -0.27 | 0.15 |
| Ratio d'information | -1.08 | -0.22 | -0.27 | 0.15 |


## Performance glissante (%)
|  | 1 mois | 3 mois | 6 mois | YTD | 3 ans | 5 ans | 30/09/21 30/09/22 | 30/09/20 30/09/21 | 30/09/19 30/09/20 | 30/09/18 30/09/19 | 30/09/17 30/09/18 | Création |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -1.18 | -0.47 | -1.77 | -5.19 | -5.57 | -9.03 | -5.25 | -0.86 | 0.52 | -2.46 | -1.24 | -8.86 |
| Indice de référence | 0.04 | 0.00 | -0.12 | -0.25 | -1.31 | -2.04 | -0.37 | -0.48 | -0.46 | -0.37 | -0.36 | -1.89 |
| Ecarts | -1.22 | -0.47 | -1.65 | -4.95 | -4.26 | -6.99 | -4.88 | -0.37 | 0.98 | -2.08 | -0.87 | -6.97 |

Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -0.61 | 0.66 | -1.63 | -1.50 | -1.11 | -1.71 | 1.16 | -0.14 | 1.41 | -0.04 |
| Indice de réference | -0.49 | -0.47 | -0.40 | -0.37 | -0.36 | -0.32 | -0.11 | 0.10 | 0.09 | 0.24 |
| Ecarts | -0.12 | 1.12 | -1.23 | -1.14 | -0.75 | -1.38 | 1.27 | -0.24 | 1.31 | -0.28 |

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.

## Répartition par classe d'actifs (%)
-30	-20	-10	0	10	20	30	40	50	60	70	80	90	100	110	120	130
| Actions | 88.33 | 122.27 | 117.90 | 115.67 | 117.31 | 12.65 | 12.49 | 12.52 | 12.13 | 13.51 | 10.40 | 4.04 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Obligations | 11.67 | -22.27 | -17.90 | -15.67 | -17.31 | 87.35 | 87.51 | 87.48 | 87.87 | 86.49 | 89.60 | 95.96 |

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
30/09/2022

## Exposition par devise (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
-20
EUR	DKK	AUD	ZAR	USD
Portefeuille	100.05	1.43	-	-0.15	-1.33
| Action | Pondération (%) | Secteur | Géographie |  |
| --- | --- | --- | --- | --- |
| Carrier Global Corp | 1.96 | Industrie | Etats-Unis |  |
| Air Liquide SA | 1.68 | Matériaux | France |  |
| Xylem Inc | 1.65 | Industrie | Etats-Unis |  |
| Verbund AG | 1.41 | Services aux collectivités | Autriche |  |
| NextEra Energy Inc | 1.40 | Services aux collectivités | Etats-Unis |  |
| Danaher Corp | 1.36 | Santé | Etats-Unis |  |
| Thermo Fisher Scientific Inc | 1.36 | Santé | Etats-Unis |  |
| Ameresco Inc | 1.29 | Industrie | Etats-Unis |  |
| Trimble Inc | 1.23 | Technologie | Etats-Unis |  |
| Darling Ingredients Inc | 1.16 | Biens de conso. de base | Etats-Unis |  |
| Total (%) | 14.51 |  |  |  |
| Exposition sectorielle (%) |  |  |  |  |
|  |  |  |  | Portefeuille |
| Industrie |  |  |  | 139.90 |
| Santé |  |  |  | 126.35 |
| Matériaux |  |  |  | 88.65 |
| Serv. aux collect. |  |  |  | 76.01 |
| Immobilier |  |  |  | -13.12 |
| Conso. Base |  |  |  | -17.83 |
| Energie |  |  |  | -31.50 |
| Services de Communication |  |  |  | -38.94 |
| Conso. cycl. |  |  |  | -68.38 |
| Finance |  |  |  | -77.95 |
| Technologie |  |  |  | -83.18 |

| Libellé | Pondération (%) | Pays émetteur | Mod. Duration | Contribution |
| --- | --- | --- | --- | --- |
| EURO-SCHATZ FUT DEC22 Counter Expo | 48.37 | Allemagne | 0.0 | 0.00 |
| Bundesschatzanweisungen 0.4% 09/13/2024 | 23.79 | Allemagne | 1.9 | 0.45 |
| Italy (Republic of) 3.75% 09/01/2024 | 12.44 | Italie | 1.8 | 0.22 |
| 3MO EURO EURIBOR DEC22 Counter Expo | 8.94 | Euroland | 0.0 | 0.00 |
| Spain Government Bond 1.6% 04/30/2025 | 8.47 | Espagne | 2.5 | 0.21 |
| Spain Government Bond 4.65% 07/30/2025 | 3.93 | Espagne | 2.6 | 0.10 |
| Bundesschatzanweisungen 03/15/2024 | 2.38 | Allemagne | 1.4 | 0.03 |
| Italy (Republic of) 1.45% 05/15/2025 | 2.35 | Italie | 2.5 | 0.06 |
| France Government Bond OAT 4.25% 10/25/2023 | 1.30 | France | 1.0 | 0.01 |
| EURO-SCHATZ FUT DEC22 Margin | 0.46 | Allemagne | 0.0 | 0.00 |
| Total (%) | 112.43 |  |  |  |
| Exposition par maturité (%) |  |  |  |  |
| 120 |  |  |  |  |
| 100 |  |  |  |  |

|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

80
60
40
20
0	0 à 1 an	1 - 3 ans
Portefeuille	1.25	98.75