# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
31/05/2018
31/05/2019
31/05/2020
28/05/2021
Portfolio* (64.19%)	Benchmark (41.39%)
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
% of AUM covered by ESG absolute rating: Portfolio = 96.0% Benchmark = 99.5% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 94.5% Benchmark = 98.5% (not meaningful for
| basis of net or gross dividend. Please refer to the Risk Analysis | prospectus for more | information. |  |  | coverage below 50%) |
| --- | --- | --- | --- | --- | --- |
|  | 1Y | 3Y | 5Y | Launch |  |
| Portfolio Volatility* (%) | 19.36 | 20.71 | - | 18.72 |  |
| Benchmark Volatility (%) | 13.08 | 16.53 | - | - |  |
| Relative Risk/Tracking Error  (%) | 11.12 | 9.22 | - | - |  |
| Sharpe Ratio | 1.73 | 0.93 | - | 0.94 |  |
| Information Ratio | 0.36 | 0.75 | - | - |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 31/05/2020 31/05/2021 | 31/05/2019 31/05/2020 | 31/05/2018 31/05/2019 | 31/05/2017 31/05/2018 | 31/05/2016 31/05/2017 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.78 | 0.02 | 7.18 | 3.66 | 32.13 | 27.04 | -2.19 | 14.27 | - | 86.81 |
| Benchmark | 0.31 | 8.39 | 13.85 | 12.05 | 29.47 | 5.62 | 3.40 | 7.74 | - | - |
| Excess Return | -2.09 | -8.37 | -6.66 | -8.39 | 2.67 | 21.42 | -5.59 | 6.54 | - | - |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 33.03 | 40.11 | -11.29 | - | - | - | - | - | - | - |
| Benchmark | 5.89 | 29.86 | -5.50 | - | - | - | - | - | - | - |
| Excess Return | 27.15 | 10.25 | -5.79 | - | - | - | - | - | - | - |

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 |  |  |
| Alphabet Inc | 3.25 | 2.16 | 1.09 | Communication Services | USA |
| Teradyne Inc | 3.10 | 0.03 | 3.06 | Information Technology | USA |
| Intuitive Surgical Inc | 2.83 | 0.15 | 2.68 | Health Care | USA |
| QUALCOMM Inc | 2.80 | 0.23 | 2.57 | Information Technology | USA |
| Keyence Corp | 2.80 | 0.15 | 2.65 | Information Technology | Japan |
| PTC Inc | 2.69 | 0.02 | 2.66 | Information Technology | USA |
| Amazon.com Inc | 2.66 | 2.10 | 0.56 | Consumer Discretionary | USA |
| Autodesk Inc | 2.44 | 0.10 | 2.34 | Information Technology | USA |
| FANUC Corp | 2.38 | 0.07 | 2.31 | Industrials | Japan |
| DexCom Inc | 2.37 | 0.05 | 2.31 | Health Care | USA |
| Total (%) | 27.30 | 5.07 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Teradyne Inc | 3.10 | 0.03 | 3.06 |  | Microsoft Corp | 0.00 | 2.72 | -2.72 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Intuitive Surgical Inc | 2.83 | 0.15 | 2.68 |  | Apple Inc | 1.71 | 3.19 | -1.47 |
| PTC Inc | 2.69 | 0.02 | 2.66 |  | Facebook Inc | 0.00 | 1.20 | -1.20 |
| Keyence Corp | 2.80 | 0.15 | 2.65 |  | JPMorgan Chase & Co | 0.00 | 0.76 | -0.76 |
| QUALCOMM Inc | 2.80 | 0.23 | 2.57 |  | Tesla Inc | 0.00 | 0.73 | -0.73 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-15	-10	-5	0	5	10	15	20	25	30	35
Information Technology	53.18	20.88
Industrials	17.67	10.13
Health Care	17.05	11.40
Consumer Discretionary	6.38	12.54
Communication Services	3.25	9.33
Not classified	0.00	0.00
Real Estate	0.00	2.63
Utilities	0.00	2.76
Materials	0.00	5.18
Financials	0.00	14.80
Energy	0.00	3.34
Consumer Staples	0.00	7.00
Cash	2.45	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
USA	65.97	57.85
Japan	14.08	6.04
Germany	7.93	2.48
United Kingdom	2.49	3.81
Taiwan	2.20	1.79
France	1.85	3.04
Iceland	1.56	0.00
Netherlands	1.48	1.12
South Africa	0.00	0.50
Turkey	0.00	0.03
Thailand	0.00	0.22
Singapore	0.00	0.28
Other	0.00	22.84
Cash	2.45	0.00

## Active Exposure by Geography (%)
-24	-20	-16	-12	-8	-4	0	4	8	12

## MarketCap Breakdown (%)
40
36
32
28
24
20
16
12
8
4
0	0 To
€250mn
€250mn To
€500mn
€1bn To
€3bn
€3bn To
€5bn
€5bn To
€10bn
€10bn To
€25bn
€25bn To
€100bn
€100bn To
€250bn
More Than
€250bn
Cash
Port.	-	0.17	1.56	8.07	8.00	24.11	34.68	8.87	12.08	2.45
Bench.	0.01	-	0.34	1.38	5.98	16.77	33.68	18.96	22.88	-

Translation (ENFR, 2021-05-28):
# Performance et risque
## Evolution de la performance (EUR)
Actif net du fonds (M)
USD
1 987.11
Port.
Indice de réf.
Nombre de lignes	56 2987 Turnover: Glissant 1an (%)	16	- Active Share (%)	90	-

## Profil du portefeuille
Notation ESG
Notation ESG relative
Intensité relative en CO2
31/05/2018
31/05/2019
31/05/2020
28/05/2021
Portefeuille* (64.19%)	Indice de réference (41.39%)
Les données sont rebasées à 100 par AXA IM à la date de début du graphique.
| Analyse du risque |  |
| --- | --- |
|  | 1 an | 3 ans | 5 ans | Création |
| Volatilité du portefeuille* (%) | 19.36 | 20.71 | - | 18.72 |
| Volatilité de l'indice de référence (%) | 13.08 | 16.53 | - | - |
| Risque relatif/Tracking Error  (%) | 11.12 | 9.22 | - | - |
| Ratio de Sharpe | 1.73 | 0.93 | - | 0.94 |
| Ratio d'information | 0.36 | 0.75 | - | - |

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.
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 96.0% Indice de référence = 99.5% (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 = 94.5% Indice de référence = 98.5% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)

## Performance glissante (%)
|  | 1 mois | 3 mois | 6 mois | YTD | 31/05/2020 31/05/2021 | 31/05/2019 31/05/2020 | 31/05/2018 31/05/2019 | 31/05/2017 31/05/2018 | 31/05/2016 31/05/2017 | Création |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -1.78 | 0.02 | 7.18 | 3.66 | 32.13 | 27.04 | -2.19 | 14.27 | - | 86.81 |
| Indice de réference | 0.31 | 8.39 | 13.85 | 12.05 | 29.47 | 5.62 | 3.40 | 7.74 | - | - |
| Ecarts | -2.09 | -8.37 | -6.66 | -8.39 | 2.67 | 21.42 | -5.59 | 6.54 | - | - |

Performance calendaire annuelle (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 33.03 | 40.11 | -11.29 | - | - | - | - | - | - | - |
| Indice de réference | 5.89 | 29.86 | -5.50 | - | - | - | - | - | - | - |
| Ecarts | 27.15 | 10.25 | -5.79 | - | - | - | - | - | - | - |

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 |  |  |
| Alphabet Inc	3.25 | 2.16 | 1.09 | Services de Communication | Etats-Unis |
| Teradyne Inc	3.10 | 0.03 | 3.06 | Technologie | Etats-Unis |
| Intuitive Surgical Inc	2.83 | 0.15 | 2.68 | Santé | Etats-Unis |
| QUALCOMM Inc	2.80 | 0.23 | 2.57 | Technologie | Etats-Unis |
| Keyence Corp	2.80 | 0.15 | 2.65 | Technologie | Japon |
| PTC Inc	2.69 | 0.02 | 2.66 | Technologie | Etats-Unis |
| Amazon.com Inc	2.66 | 2.10 | 0.56 | Biens de conso. Cycliques | Etats-Unis |
| Autodesk Inc	2.44 | 0.10 | 2.34 | Technologie | Etats-Unis |
| FANUC Corp	2.38 | 0.07 | 2.31 | Industrie | Japon |
| DexCom Inc	2.37 | 0.05 | 2.31 | Santé | Etats-Unis |
| Total (%)	27.30 | 5.07 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Teradyne Inc | 3.10 | 0.03 | 3.06 |  | Microsoft Corp | 0.00 | 2.72 | -2.72 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Intuitive Surgical Inc | 2.83 | 0.15 | 2.68 |  | Apple Inc | 1.71 | 3.19 | -1.47 |
| PTC Inc | 2.69 | 0.02 | 2.66 |  | Facebook Inc | 0.00 | 1.20 | -1.20 |
| Keyence Corp | 2.80 | 0.15 | 2.65 |  | JPMorgan Chase & Co | 0.00 | 0.76 | -0.76 |
| QUALCOMM Inc | 2.80 | 0.23 | 2.57 |  | Tesla Inc | 0.00 | 0.73 | -0.73 |


## Exposition sectorielle (%)
Portefeuille	Indice de réference

## Exposition sectorielle active (%)
-15	-10	-5	0	5	10	15	20	25	30	35
Technologie	53.18	20.88
Industrie	17.67	10.13
Santé	17.05	11.40
Biens de conso. Cycliques	6.38	12.54
Services de Communication	3.25	9.33
Non Classés	0.00	0.00
Immobilier	0.00	2.63
Services aux collectivités	0.00	2.76
Matériaux	0.00	5.18
Finance	0.00	14.80
Energie	0.00	3.34
Biens de conso. de base	0.00	7.00
Monétaire	2.45	0.00

## Exposition géographique (%)
Portefeuille	Indice de réference
Etats-Unis	65.97	57.85
Japon	14.08	6.04
Allemagne	7.93	2.48
Royaume-Uni	2.49	3.81
Taiwan	2.20	1.79
France	1.85	3.04
Islande	1.56	0.00
Pays-Bas	1.48	1.12
Afrique du Sud	0.00	0.50
Turquie	0.00	0.03
Thailande	0.00	0.22
Singapour	0.00	0.28
Autres	0.00	22.84
Monétaire	2.45	0.00

## Exposition géographique active (%)
-24	-20	-16	-12	-8	-4	0	4	8	12

## Ventilation par capitalisation boursière (%)
40
35
30
25
20
15
10
5
De 0 à 250 mns
d’euros
De 250 à
500 mns d’euros
De 1 à 3 mds
d’euros
De 3 à 5 mds
d’euros
De 5 à 10 mds
d’euros
De 10 à 25 mds
d’euros
De 25 à 100 mds
d’euros
De 100 à
250 mds d’euros
Plus de 250 mds
d’euros
Monétaire
0
| Port. | - | 0.17 | 1.56 | 8.07 | 8.00 | 24.11 | 34.68 | 8.87 | 12.08 | 2.45 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Indice de réf. | 0.01 | - | 0.34 | 1.38 | 5.98 | 16.77 | 33.68 | 18.96 | 22.88 | - |