# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
% of AUM covered by ESG absolute rating: Portfolio = 99.4% Benchmark = 99.4% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 98.4% Benchmark = 98.5% (not meaningful for coverage below 50%)
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200
175
150
125
100
75
14/12/18
30/09/19
30/03/20
30/09/20
30/03/21
30/09/21
Portfolio* (70.01%)	Benchmark (53.65%)
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* (%) | 18.21 | - | - | 20.98 |
| Benchmark Volatility (%) | 9.72 | - | - | 15.91 |
| Relative Risk/Tracking Error  (%) | 12.98 | - | - | 11.64 |
| Sharpe Ratio | 1.41 | - | - | 1.05 |
| Information Ratio | -0.25 | - | - | 0.45 |
| Rolling Performance (%) |  |  |  |  |
| 1M	3M	6M	YTD	3Y	5Y	30/09/20	30/09/19	30/09/18	30/09/17	30/09/16	Launch |
|  |  |  |  |  |  | 30/09/21 | 30/09/20 | 30/09/19 | 30/09/18 | 30/09/17 |  |
| Portfolio* | -7.04 | -1.77 | 2.16 | 1.49 | -	- | 24.62 | 26.44 | - | - | - | 70.01 |
| Benchmark | -2.35 | 1.25 | 7.76 | 17.31 | -	- | 28.94 | 2.68 | - | - | - | 53.65 |
| Excess Return | -4.69 | -3.02 | -5.60 | -15.82 | -	- | -4.32 | 23.77 | - | - | - | 16.36 |


## Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 42.09 | 20.30 | - | - | - | - | - | - | - | - |
| Benchmark | 6.65 | 26.15 | - | - | - | - | - | - | - | - |
| Excess Return | 35.44 | -5.86 | - | - | - | - | - | - | - | - |

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 |  |  |
| Ameresco Inc | 3.41 | - | 3.41 | Industrials | USA |
| NextEra Energy Inc | 3.35 | 0.23 | 3.12 | Utilities | USA |
| Darling Ingredients Inc | 3.02 | - | 3.02 | Consumer Staples | USA |
| TE Connectivity Ltd | 2.84 | 0.07 | 2.77 | Information Technology | USA |
| Taiwan Semiconductor Manufa... | 2.81 | 0.78 | 2.03 | Information Technology | Taiwan |
| Infineon Technologies AG | 2.79 | 0.08 | 2.71 | Information Technology | Germany |
| Schneider Electric SE | 2.75 | 0.14 | 2.61 | Industrials | France |
| Aptiv PLC | 2.66 | 0.06 | 2.60 | Consumer Discretionary | USA |
| Trimble Inc | 2.66 | 0.03 | 2.63 | Information Technology | USA |
| Hannon Armstrong Sustainable | 2.58 | - | 2.58 | Financials | USA |
| Total (%) | 28.87 | 1.39 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Ameresco Inc | 3.41 | 0.00 | 3.41 |  | Apple Inc | 0.00 | 3.59 | -3.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NextEra Energy Inc | 3.35 | 0.23 | 3.12 |  | Microsoft Corp | 0.00 | 3.07 | -3.07 |
| Darling Ingredients Inc | 3.02 | 0.00 | 3.02 |  | Alphabet Inc | 0.00 | 2.40 | -2.40 |
| TE Connectivity Ltd | 2.84 | 0.07 | 2.77 |  | Amazon.com Inc | 0.00 | 2.27 | -2.27 |
| Infineon Technologies AG | 2.79 | 0.08 | 2.71 |  | Facebook Inc | 0.00 | 1.24 | -1.24 |
| Sector Breakdown (%) |  |  |  |  | Active Exposure by Sector (%) |  |  |  |

Portfolio	Benchmark
Industrials	34.68	9.69
Information Technology	21.46	22.31
Materials	14.63	4.66
Utilities	8.01	2.64
Health Care	6.43	11.68
Consumer Discretionary	5.91	12.46
Consumer Staples	5.04	6.76
Financials	2.58	14.38
Real Estate	0.00	2.61
Communication Services	0.00	9.28
Energy	0.00	3.53
Cash	1.24	0.00
-12	-8	-4	0	4	8	12	16	20	24	28

## Geographical Breakdown (%)
Portfolio	Benchmark
USA	52.31	59.56
Germany	9.08	2.33
United Kingdom	8.97	3.68
Netherlands	7.86	1.24
Denmark	4.26	0.67
Spain	3.75	0.61
Taiwan	2.81	1.76
France	2.75	2.87
Ireland	2.72	0.18
China	2.10	4.07
South Korea	1.21	1.51
Switzerland	0.62	2.44
Other	0.31	19.07
Cash	1.24	0.00

## Active Exposure by Geography (%)
-21	-18	-15	-12	-9	-6	-3	0	3	6	9
MarketCap Breakdown (USD - %)
36
32
28
24
20
16
12
8
4
0	1bn To
3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	4.24	17.49	8.25	22.90	26.04	15.14	4.69	1.24
Bench.	0.22	0.87	4.30	14.04	33.54	19.81	27.20	-

Translation (ENFR, 2021-09-30):
# Performance et risque
## Evolution de la performance (EUR)
Intensité relative en CO2
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 99.4% Indice de référence = 99.4% (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 = 98.4% Indice de référence = 98.5% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
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200
175
150
125
100
75
14/12/18
30/09/19
30/03/20
30/09/20
30/03/21
30/09/21
Portefeuille* (70.01%)	Indice de réference (53.65%)
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* (%) | 18.21 | - | - | 20.98 |
| Volatilité de l'indice de référence (%) | 9.72 | - | - | 15.91 |
| Risque relatif/Tracking Error  (%) | 12.98 | - | - | 11.64 |
| Ratio de Sharpe | 1.41 | - | - | 1.05 |
| Ratio d'information | -0.25 | - | - | 0.45 |
| Performance glissante (%) |  |  |  |  |
| 1 mois	3 mois	6 mois	YTD  3 ans  5 ans	30/09/20	30/09/19	30/09/18	30/09/17	30/09/16  Création |
|  |  |  |  |  |  | 30/09/21 | 30/09/20 | 30/09/19 | 30/09/18 | 30/09/17 |  |
| Portefeuille* | -7.04 | -1.77 | 2.16 | 1.49 | -	- | 24.62 | 26.44 | - | - | - | 70.01 |
| Indice de réference | -2.35 | 1.25 | 7.76 | 17.31 | -	- | 28.94 | 2.68 | - | - | - | 53.65 |
| Ecarts | -4.69 | -3.02 | -5.60 | -15.82 | -	- | -4.32 | 23.77 | - | - | - | 16.36 |


## Performance calendaire annuelle (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 42.09 | 20.30 | - | - | - | - | - | - | - | - |
| Indice de réference | 6.65 | 26.15 | - | - | - | - | - | - | - | - |
| Ecarts | 35.44 | -5.86 | - | - | - | - | - | - | - | - |

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 |  |  |
| Ameresco Inc | 3.41 | - | 3.41 | Industrie | Etats-Unis |
| NextEra Energy Inc | 3.35 | 0.23 | 3.12 | Services aux collectivités | Etats-Unis |
| Darling Ingredients Inc | 3.02 | - | 3.02 | Biens de conso. de base | Etats-Unis |
| TE Connectivity Ltd | 2.84 | 0.07 | 2.77 | Technologie | Etats-Unis |
| Taiwan Semiconductor Manufa... | 2.81 | 0.78 | 2.03 | Technologie | Taiwan |
| Infineon Technologies AG | 2.79 | 0.08 | 2.71 | Technologie | Allemagne |
| Schneider Electric SE | 2.75 | 0.14 | 2.61 | Industrie | France |
| Aptiv PLC | 2.66 | 0.06 | 2.60 | Biens de conso. Cycliques | Etats-Unis |
| Trimble Inc | 2.66 | 0.03 | 2.63 | Technologie | Etats-Unis |
| Hannon Armstrong Sustainable | 2.58 | - | 2.58 | Finance | Etats-Unis |
| Total (%) | 28.87 | 1.39 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Ameresco Inc | 3.41 | 0.00 | 3.41 |  | Apple Inc | 0.00 | 3.59 | -3.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NextEra Energy Inc | 3.35 | 0.23 | 3.12 |  | Microsoft Corp | 0.00 | 3.07 | -3.07 |
| Darling Ingredients Inc | 3.02 | 0.00 | 3.02 |  | Alphabet Inc | 0.00 | 2.40 | -2.40 |
| TE Connectivity Ltd | 2.84 | 0.07 | 2.77 |  | Amazon.com Inc | 0.00 | 2.27 | -2.27 |
| Infineon Technologies AG | 2.79 | 0.08 | 2.71 |  | Facebook Inc | 0.00 | 1.24 | -1.24 |
| Exposition sectorielle (%) |  |  |  |  | Exposition sectorielle active (%) |  |  |  |

Portefeuille	Indice de réference
Industrie	34.68	9.69
Technologie	21.46	22.31
Matériaux	14.63	4.66
Services aux collectivités	8.01	2.64
Santé	6.43	11.68
Biens de conso. Cycliques	5.91	12.46
Biens de conso. de base	5.04	6.76
Finance	2.58	14.38
Immobilier	0.00	2.61
Services de Communication	0.00	9.28
Energie	0.00	3.53
Monétaire	1.24	0.00
-12	-8	-4	0	4	8	12	16	20	24	28

## Exposition géographique (%)
Portefeuille	Indice de réference
Etats-Unis	52.31	59.56
Allemagne	9.08	2.33
Royaume-Uni	8.97	3.68
Pays-Bas	7.86	1.24
Danemark	4.26	0.67
Espagne	3.75	0.61
Taiwan	2.81	1.76
France	2.75	2.87
Irlande	2.72	0.18
Chine	2.10	4.07
Corée du sud	1.21	1.51
Suisse	0.62	2.44
Autres	0.31	19.07
Monétaire	1.24	0.00

## Exposition géographique active (%)
-21	-18	-15	-12	-9	-6	-3	0	3	6	9

## Ventilation par capitalisation boursière (USD - %)
36
32
28
24
20
16
12
8
4
0	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.	4.24	17.49	8.25	22.90	26.04	15.14	4.69	1.24
Indice de réf.	0.22	0.87	4.30	14.04	33.54	19.81	27.20	-