# Performance evolution (in EUR)
## Annualized performance	

## Cumulative performance	
|  | Since |  |  |  |  |  |  | Since |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | 1 Y. | 3 Y. | 5 Y. | launch |  |  | 1 M. | 3 M. | 6 M. | YTD | launch |
| Portfolio* | 3.89% | 2.94% | - | 2.53% |  | Portfolio* | -0.04% | 0.44% | 1.32% | 1.40% | 12.96% |
| Benchmark** | - | - | - | - |  | Benchmark** | - | - | - | - | - |
| Excess return | - | - | - | - |  | Excess return | - | - | - | - | - |

Performance evolution
116
112
108
104
100
96
92
88
12/09/16
31/07/17
31/07/18
31/07/19
31/07/20
30/07/21
Portfolio* (12.96%)
Data is rebased to 100 by AXA IM on the graph start date.
| Monthly performance |  |
| --- | --- |
|  | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2017 Portfolio* | 0.76% | 1.13% | -0.62% | 1.07% | 0.63% | -0.02% | 0.61% | -0.11% | 0.56% | 0.39% | -0.42% | -0.12% | 3.92% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2018 Portfolio* | 0.10% | -0.77% | -0.66% | -0.21% | -0.40% | -0.17% | 0.71% | 0.51% | 0.33% | -1.53% | -0.74% | -2.10% | -4.87% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2019 Portfolio* | 3.54% | 1.28% | 0.92% | 0.84% | -1.13% | 1.57% | 0.11% | 0.29% | 0.53% | 0.07% | 0.47% | 0.71% | 9.53% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2020 Portfolio* | 0.00% | -0.88% | -8.47% | 3.19% | 3.04% | 0.45% | 2.54% | 0.46% | -0.10% | 0.06% | 1.47% | 0.53% | 1.79% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2021 Portfolio* | 0.08% | 0.06% | 0.46% | 0.36% | 0.01% | 0.46% | -0.04% | - | - | - | - | - | 1.40% |

The figures provided relate to previous months or years and past performance is not a reliable indicator as to future performance.
* 1st NAV date: 12/09/2016
** Benchmark : Please refer to the Benchmark section in the characteristics/disclaimers part of the document. Source(s): AXA Investment Managers as at 30/07/2021
Editor: AXA Investment Managers Paris
| Risk analysis (please refer to glossary of terms on our website) |  |
| --- | --- |
| Risk ratios |  |  |  |  |
|  | 1 Y. | 3 Y. | 5 Y. | Since launch |
| Annualized volatility |  |  |  |  |
| Portfolio* | 1.65% | 6.62% | - | 5.37% |
| Benchmark** | - | - | - | - |
| Sharpe ratio |  |  |  |  |
| Portfolio* | 3.05 | 0.61 | - | 0.66 |
| Benchmark** | - | - | - | - |
| Relative risk ('Tracking Error') | - | - | - | - |
| Information ratio | - | - | - | - |


## Return/risk (1 year)
5.1
4.8
Performance (%)
4.5
4.2
3.9
3.6
3.3
3.0
2.7
0.4 0.6 0.8  1  1.2 1.4 1.6 1.8  2  2.2 2.4 2.6 2.8
Volatility (%)
Portfolio*

## Volatility evolution (annualized over 1 year)
14%
12%
10%
8%
6%
4%
2%
0%
31/07/18
31/07/19
Portfolio*
31/07/20
30/07/21
* 1st NAV date: 12/09/2016
** Benchmark : Please refer to the Benchmark section in the characteristics/disclaimers part of the document. Source(s): AXA Investment Managers as at 30/07/2021

Translation (ENFR, 2021-07-30):
# Evolution de la performance (en EUR)
## Performances annualisées	

## Performances cumulées	

## Evolution de la performance
116
112
108
104
100
96
92
88
12/09/16
31/07/17
31/07/18
31/07/19
31/07/20
30/07/21
Portefeuille* (12.96%)
Les données sont rebasées à 100 par AXA IM à la date de début du graphique.

## Performances mensuelles
|  | Janv | Fév | Mars | Avril | Mai | Juin | Juil | Août | Sept | Oct | Nov | Dec | Total |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2017 Portefeuille* | 0.76% | 1.13% | -0.62% | 1.07% | 0.63% | -0.02% | 0.61% | -0.11% | 0.56% | 0.39% | -0.42% | -0.12% | 3.92% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2018 Portefeuille* | 0.10% | -0.77% | -0.66% | -0.21% | -0.40% | -0.17% | 0.71% | 0.51% | 0.33% | -1.53% | -0.74% | -2.10% | -4.87% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2019 Portefeuille* | 3.54% | 1.28% | 0.92% | 0.84% | -1.13% | 1.57% | 0.11% | 0.29% | 0.53% | 0.07% | 0.47% | 0.71% | 9.53% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2020 Portefeuille* | 0.00% | -0.88% | -8.47% | 3.19% | 3.04% | 0.45% | 2.54% | 0.46% | -0.10% | 0.06% | 1.47% | 0.53% | 1.79% |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 2021 Portefeuille* | 0.08% | 0.06% | 0.46% | 0.36% | 0.01% | 0.46% | -0.04% | - | - | - | - | - | 1.40% |

Les chiffres cités ont trait aux années ou aux mois écoulés et les performances passées ne sont pas un indicateur fiable des performances futures.
* Date de la 1ère Valeur Liquidative : 12/09/2016
** Indice de référence : se référer à la rubrique Indicateur de référence spécifiée en dernière rubrique Source(s) : AXA Investment Managers au 30/07/2021
Rédacteur : AXA Investment Managers Paris
| Analyse du risque (se référer au lexique sur notre site internet) |  |
| --- | --- |
| Ratios de risque |  |  |  |  |
|  | 1 an | 3 ans | 5 ans | Depuis création |
| Volatilité annualisée |  |  |  |  |
| Portefeuille* | 1.65% | 6.62% | - | 5.37% |
| Indice de réf.** | - | - | - | - |
| Ratio de Sharpe |  |  |  |  |
| Portefeuille* | 3.05 | 0.61 | - | 0.66 |
| Indice de réf.** | - | - | - | - |
| Risque relatif (Tracking Error) | - | - | - | - |
| Ratio d'information | - | - | - | - |


## Rendement/risque (1 an)
5.1
4.8
Performance (%)
4.5
4.2
3.9
3.6
3.3
3.0
2.7
0.4 0.6 0.8  1  1.2 1.4 1.6 1.8  2  2.2 2.4 2.6 2.8
Volatilité (%)
Portefeuille*

## Evolution de la volatilité (annualisée sur 1 an)
14%
12%
10%
8%
6%
4%
2%
0%
31/07/18
31/07/19
Portefeuille*
31/07/20
30/07/21
* Date de la 1ère Valeur Liquidative : 12/09/2016
** Indice de référence : se référer à la rubrique Indicateur de référence spécifiée en dernière rubrique Source(s) : AXA Investment Managers au 30/07/2021