# Performance evolution (in EUR)
Current NAV (A)	21.12
12 month NAV price High	21.14
12 month NAV price Low	17.17
124
120
116
112
108
104
100
96
| 31/08/17 | 31/10/17 | 31/12/17 | 28/02/18 | 30/04/18 | 30/06/18 | 31/08/18 |
| --- | --- | --- | --- | --- | --- | --- |
|  |  | Portfolio* (20.96%) |  | Benchmark** (21.57%) |  |  |
| Data is rebased to 100 by AXA IM on the graph start date. |  |  |  |  |  |  |  |  |
| Cumulative performance |  |  |  |  |  |  |  |  |
|  | 1 M. | 3 M. | YTD | 1 Y. | 3 Y. | 5 Y. | 8 Y. | Launch |
| Portfolio* | 4.24% | 6.56% | 11.22% | 20.96% | 39.13% | 98.12% | 211.04% | 129.06% |
| Benchmark** | 3.77% | 7.96% | 13.02% | 21.57% | 47.98% | 116.46% | 239.67% | 170.70% |
| Annualized performance |  |  |  |  |  |  |  |  |
|  |  |  |  | 1 Y. | 3 Y. | 5 Y. | 8 Y. | Launch |
| Portfolio* |  |  |  | 20.96% | 11.63% | 14.64% | 15.23% | 5.02% |
| Benchmark** |  |  |  | 21.57% | 13.94% | 16.68% | 16.50% | 6.06% |
| Annual performance |  |  |  |  |  |  |  |  |
|  |  | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Portfolio* |  | 5.56% | 12.72% | 7.62% | 27.96% | 27.36% | 12.07% | 5.45% |
| Benchmark** |  | 6.37% | 14.55% | 12.22% | 28.67% | 25.86% | 13.45% | 4.87% |
| Rolling annual performance |  |  |  |  |  |  |  |  |
|  | 31 Aug 17 | 31 Aug 16 | 31 Aug 15 | 31 Aug 14 | 31 Aug 13	31 | Aug 12 |
|  | 31 Aug 18 | 31 Aug 17 | 31 Aug 16 | 31 Aug 15 | 31 Aug 14	31 | Aug 13 |
| Portfolio* | 20.96% | 4.80% | 9.75% | 13.62% | 25.33% | 12.68% |
| Benchmark** | 21.57% | 8.21% | 12.48% | 17.39% | 24.60% | 12.72% |
| The figures provided relate to previous months or years and past performance is not a reliable indicator as to future performance. |  |  |  |
| Risk Analysis |  |  |  |
|  |  |  |  |
| 1 Y. | 3 Y. | 5 Y. | Launch |
| Annualized volatility Portfolio*	11.52% | 10.81% | 10.73% | 13.34% |
| Benchmark**	10.76% | 10.89% | 10.72% | 13.87% |
| Relative risk ('tracking error')	2.45% | 1.80% | 1.80% | 3.90% |
| Sharpe ratio	1.97 | 1.23 | 1.51 | 0.37 |
| Information ratio	0.45 | -0.40 | -0.23 | 0.10 |
| Alpha	0.0009% | -0.0308% | -0.0115% | 0.0707% |

Beta	1.0469	0.9792	0.9863	0.9226
* 1st NAV date: 05/10/2001
** Benchmark : Please refer to the Benchmark section in the characteristics/disclaimers part of the document. Source(s): AXA Investment Managers - GICS as at 31/08/2018
Editor: AXA Investment Managers Paris

Translation (ENFR, 2018-08-31):
# Evolution de la performance (en EUR)
Valeur liquidative (C)	21.12
Plus haut (sur 12 mois)	21.14
Plus bas (sur 12 mois)	17.17
124
120
116
112
108
104
100
96
31/08/17
31/10/17
31/12/17
28/02/18
30/04/18
30/06/18
31/08/18
Portefeuille* (20.96%)	Indice de référence** (21.57%)
Les données sont rebasées à 100 par AXA IM à la date de début du graphique.
| Performances cumulées |  |
| --- | --- |
|  | 1 mois | 3 mois | YTD | 1 an | 3 ans | 5 ans | 8 ans | Création |
| Portefeuille* | 4.24% | 6.56% | 11.22% | 20.96% | 39.13% | 98.12% | 211.04% | 129.06% |
| Indice de référence** | 3.77% | 7.96% | 13.02% | 21.57% | 47.98% | 116.46% | 239.67% | 170.70% |
| Performances annualisées |  |  |  |  |  |  |  |  |
|  |  |  |  | 1 an | 3 ans | 5 ans | 8 ans | Création |
| Portefeuille* |  |  |  | 20.96% | 11.63% | 14.64% | 15.23% | 5.02% |
| Indice de référence** |  |  |  | 21.57% | 13.94% | 16.68% | 16.50% | 6.06% |
| Performances annuelles |  |  |  |  |  |  |  |  |
|  |  | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Portefeuille* |  | 5.56% | 12.72% | 7.62% | 27.96% | 27.36% | 12.07% | 5.45% |
| Indice de référence** |  | 6.37% | 14.55% | 12.22% | 28.67% | 25.86% | 13.45% | 4.87% |
| Performance glissante |  |  |  |  |  |  |  |  |
|  | 31 Aoû 17 | 31 Aoû 16 | 31 Aoû 15 | 31 Aoû 14 | 31 Aoû 13 | 31 Aoû 12 |
|  | 31 Aoû 18 | 31 Aoû 17 | 31 Aoû 16 | 31 Aoû 15 | 31 Aoû 14 | 31 Aoû 13 |
| Portefeuille* | 20.96% | 4.80% | 9.75% | 13.62% | 25.33% | 12.68% |
| Indice de référence** | 21.57% | 8.21% | 12.48% | 17.39% | 24.60% | 12.72% |

Les chiffres cités ont trait aux années ou aux mois écoulés et les performances passées ne sont pas un indicateur fiable des performances futures.
| Analyse du risque |  |
| --- | --- |
|  |  |  |  |  |
|  | 1 an | 3 ans | 5 ans | Création |
| Volatilité annualisée Portefeuille* | 11.52% | 10.81% | 10.73% | 13.34% |
| Indice de référence** | 10.76% | 10.89% | 10.72% | 13.87% |
| Risque relatif (tracking error) | 2.45% | 1.80% | 1.80% | 3.90% |
| Ratio de Sharpe | 1.97 | 1.23 | 1.51 | 0.37 |
| Ratio d'information | 0.45 | -0.40 | -0.23 | 0.10 |
| Alpha | 0.0009% | -0.0308% | -0.0115% | 0.0707% |
| Beta | 1.0469	0.9792	0.9863	0.9226 |

* Date de la 1ère Valeur Liquidative : 05/10/2001
** Indice de référence : se référer à la rubrique Indicateur de référence spécifiée en dernière rubrique Source(s) : AXA Investment Managers - GICS au 31/08/2018
Rédacteur : AXA Investment Managers Paris