# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
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180
160
140
120
100
80
31/01/19
31/07/19
31/01/20
31/07/20
31/01/21
31/07/21 31/01/22
ESG Relative Rating
CO2 Relative rating
Portfolio* (28.92%)	Benchmark (57.38%)
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 = 99.6% Benchmark = 99.8% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 99.6% Benchmark = 99.2% (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* (%) | 14.55 | 16.79 | - | 14.81 |  |
| Benchmark Volatility (%) | 12.13 | 15.05 | - | 13.59 |  |
| Relative Risk/Tracking Error  (%) | 7.86 | 6.26 | - | 5.21 |  |
| Sharpe Ratio | 0.42 | 0.71 | - | 0.63 |  |
| Information Ratio | -2.15 | -0.76 | - | -0.39 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 31/01/21 31/01/22 | 31/01/20 31/01/21 | 31/01/19 31/01/20 | 31/01/18 31/01/19 | 31/01/17 31/01/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -10.62 | -15.29 | -10.42 | -10.62 | 28.92 | - | 3.11 | 7.28 | 16.56 | 3.12 | - | 35.11 |
| Benchmark | -3.54 | -0.37 | 5.44 | -3.54 | 57.38 | - | 22.72 | 6.74 | 20.15 | 0.44 | - | 67.20 |
| Excess Return | -7.09 | -14.92 | -15.87 | -7.09 | -28.46 | - | -19.61 | 0.54 | -3.59 | 2.67 | - | -32.09 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 14.64 | 7.83 | 24.28 | -1.35 | - | - | - | - | - | - |
| Benchmark | 27.54 | 6.65 | 28.93 | -4.85 | - | - | - | - | - | - |
| Excess Return | -12.90 | 1.17 | -4.65 | 3.49 | - | - | - | - | - | - |

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 |  |  |
| Intuit Inc | 2.55 | 0.23 | 2.33 | Information Technology | USA |
| Bank Rakyat Indonesia Perse... | 2.46 | 0.03 | 2.43 | Financials | Indonesia |
| AIA Group Ltd | 2.43 | 0.19 | 2.24 | Financials | Hong Kong |
| AstraZeneca PLC | 2.42 | 0.27 | 2.15 | Health Care | United Kingdom |
| Rentokil Initial PLC | 2.40 | 0.02 | 2.38 | Industrials | United Kingdom |
| DexCom Inc | 2.31 | 0.06 | 2.24 | Health Care | USA |
| Centene Corp | 2.26 | 0.07 | 2.19 | Health Care | USA |
| Croda International PLC | 2.22 | 0.02 | 2.20 | Materials | United Kingdom |
| CSL Ltd | 2.21 | 0.13 | 2.07 | Health Care | Australia |
| Planet Fitness Inc | 2.20 | - | 2.20 | Consumer Discretionary | USA |
| Total (%) | 23.45 | 1.02 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Bank Rakyat Indonesia Persero Tb... | 2.46 | 0.03 | 2.43 |  | Apple Inc | 0.00 | 4.33 | -4.33 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Rentokil Initial PLC | 2.40 | 0.02 | 2.38 |  | Microsoft Corp | 0.00 | 3.33 | -3.33 |
| Intuit Inc | 2.55 | 0.23 | 2.33 |  | Alphabet Inc | 0.00 | 2.39 | -2.39 |
| DexCom Inc | 2.31 | 0.06 | 2.24 |  | Amazon.com Inc | 0.00 | 2.04 | -2.04 |
| AIA Group Ltd | 2.43 | 0.19 | 2.24 |  | Tesla Inc | 0.00 | 1.18 | -1.18 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-9	-6	-3	0	3	6	9	12	15	18
Health Care	28.37	11.35
Consumer Discretionary	15.46	11.98
Information Technology	14.08	22.77
Financials	12.14	14.79
Industrials	10.35	9.45
Consumer Staples	7.97	6.96
Real Estate	5.78	2.66
Communication Services	3.23	8.52
Materials	2.22	4.73
Not classified	0.00	0.00
Utilities	0.00	2.74
Energy	0.00	4.04
Cash	0.39	0.00

## Equity exposure by geographical area (%)
Portfolio	Benchmark
USA	48.32	60.84
United Kingdom	12.71	3.71
India	6.82	1.44
South Africa	4.13	0.40
Germany	3.97	2.21
Australia	3.92	1.72
Japan	3.76	5.53
China	2.54	3.70
Indonesia	2.46	0.17
Hong Kong	2.43	0.72
Ireland	2.00	0.17
France	1.91	2.90
Other	4.64	16.47
Cash	0.39	0.00

## Active Exposure by Geography (%)
-15	-12	-9	-6	-3	0	3	6	9	12
MarketCap Breakdown (USD - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	1bn To 3bn	3bn To 5bn	5bn To 10bn	10bn To 25bn	25bn To 100bn	100bn To 250bn	More Than 250bn	Cash
Port.	8.89	11.01	14.24	24.82	27.53	13.11	-	0.39
Bench.	0.19	0.84	4.25	13.50	32.91	20.21	28.10	-

Translation (ENFR, 2022-01-31):
# Performance et risque
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## Evolution de la performance (EUR)
180
160
140
120
100
80
Valeur liquidative
Cap.

### 135.11
Actif net du fonds (M)
USD

### 343.44

## Indice de réference
Depuis le: 28/02/2017
100% MSCI AC World Total Return Net
Port.

## Caractéristiques du portefeuille
Indice de réf.
Nombre de lignes	55 2964 Turnover: Glissant 1an (%)   102	- Active Share (%)	98	-

## Profil du portefeuille
Notation ESG
Notation ESG relative
Intensité relative en CO2
31/01/19
31/07/19
31/01/20
31/07/20
31/01/21
31/07/21 31/01/22
Portefeuille* (28.92%)	Indice de réference (57.38%)
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* (%) | 14.55 | 16.79 | - | 14.81 |
| Volatilité de l'indice de référence (%) | 12.13 | 15.05 | - | 13.59 |
| Risque relatif/Tracking Error  (%) | 7.86 | 6.26 | - | 5.21 |
| Ratio de Sharpe | 0.42 | 0.71 | - | 0.63 |
| Ratio d'information | -2.15 | -0.76 | - | -0.39 |

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 = 99.6% Indice de référence = 99.8% (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 = 99.6% Indice de référence = 99.2% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)

## Performance glissante (%)
|  | 1 mois | 3 mois | 6 mois | YTD | 3 ans | 5 ans | 31/01/21 31/01/22 | 31/01/20 31/01/21 | 31/01/19 31/01/20 | 31/01/18 31/01/19 | 31/01/17 31/01/18 | Création |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -10.62 | -15.29 | -10.42 | -10.62 | 28.92 | - | 3.11 | 7.28 | 16.56 | 3.12 | - | 35.11 |
| Indice de réference | -3.54 | -0.37 | 5.44 | -3.54 | 57.38 | - | 22.72 | 6.74 | 20.15 | 0.44 | - | 67.20 |
| Ecarts | -7.09 | -14.92 | -15.87 | -7.09 | -28.46 | - | -19.61 | 0.54 | -3.59 | 2.67 | - | -32.09 |

Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 14.64 | 7.83 | 24.28 | -1.35 | - | - | - | - | - | - |
| Indice de réference | 27.54 | 6.65 | 28.93 | -4.85 | - | - | - | - | - | - |
| Ecarts | -12.90 | 1.17 | -4.65 | 3.49 | - | - | - | - | - | - |

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 |  |  |
| Intuit Inc | 2.55 | 0.23 | 2.33 | Technologie | Etats-Unis |
| Bank Rakyat Indonesia Perse... | 2.46 | 0.03 | 2.43 | Finance | Indonesie |
| AIA Group Ltd | 2.43 | 0.19 | 2.24 | Finance | Hong-Kong |
| AstraZeneca PLC | 2.42 | 0.27 | 2.15 | Santé | Royaume-Uni |
| Rentokil Initial PLC | 2.40 | 0.02 | 2.38 | Industrie | Royaume-Uni |
| DexCom Inc | 2.31 | 0.06 | 2.24 | Santé | Etats-Unis |
| Centene Corp | 2.26 | 0.07 | 2.19 | Santé | Etats-Unis |
| Croda International PLC | 2.22 | 0.02 | 2.20 | Matériaux | Royaume-Uni |
| CSL Ltd | 2.21 | 0.13 | 2.07 | Santé | Australie |
| Planet Fitness Inc | 2.20 | - | 2.20 | Biens de conso. Cycliques | Etats-Unis |
| Total (%) | 23.45 | 1.02 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Bank Rakyat Indonesia Persero Tb... | 2.46 | 0.03 | 2.43 |  | Apple Inc | 0.00 | 4.33 | -4.33 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Rentokil Initial PLC | 2.40 | 0.02 | 2.38 |  | Microsoft Corp | 0.00 | 3.33 | -3.33 |
| Intuit Inc | 2.55 | 0.23 | 2.33 |  | Alphabet Inc | 0.00 | 2.39 | -2.39 |
| DexCom Inc | 2.31 | 0.06 | 2.24 |  | Amazon.com Inc | 0.00 | 2.04 | -2.04 |
| AIA Group Ltd | 2.43 | 0.19 | 2.24 |  | Tesla Inc | 0.00 | 1.18 | -1.18 |


## Exposition sectorielle (%)
Portefeuille	Indice de réference

## Exposition sectorielle active (%)
-9	-6	-3	0	3	6	9	12	15	18
Santé	28.37	11.35
Biens de conso. Cycliques	15.46	11.98
Technologie	14.08	22.77
Finance	12.14	14.79
Industrie	10.35	9.45
Biens de conso. de base	7.97	6.96
Immobilier	5.78	2.66
Services de Communication	3.23	8.52
Matériaux	2.22	4.73
Non Classés	0.00	0.00
Services aux collectivités	0.00	2.74
Energie	0.00	4.04
Monétaire	0.39	0.00

## Exposition Actions par zone géographique (%)
Portefeuille	Indice de réference
Etats-Unis	48.32	60.84
Royaume-Uni	12.71	3.71
Inde	6.82	1.44
Afrique du Sud	4.13	0.40
Allemagne	3.97	2.21
Australie	3.92	1.72
Japon	3.76	5.53
Chine	2.54	3.70
Indonesie	2.46	0.17
Hong-Kong	2.43	0.72
Irlande	2.00	0.17
France	1.91	2.90
Autres	4.64	16.47
Monétaire	0.39	0.00

## Exposition régionale active (%)
-15	-12	-9	-6	-3	0	3	6	9	12

## Ventilation par capitalisation boursière (USD - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	De 500 mns
à 1 md
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.	1.45	8.40	10.05	15.96	27.04	23.60	13.11	-	0.39
Indice de réf.	-	0.30	1.08	4.60	14.52	32.75	20.99	25.76	-