# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
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160
140
120
100
80
60
28/09/18
30/03/19
30/09/19
30/03/20
30/09/20
30/03/21 30/09/21
ESG Relative Rating
CO2 Relative rating
Portfolio* (31.22%)	Benchmark (45.15%)
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 = 98.3% Benchmark = 99.7% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 98.4% Benchmark = 98.6% (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* (%) | 10.81 | 18.11 | 14.77 | 14.31 |  |
| Benchmark Volatility (%) | 11.12 | 17.12 | 13.96 | 13.89 |  |
| Relative Risk/Tracking Error  (%) | 2.52 | 2.68 | 2.27 | 2.43 |  |
| Sharpe Ratio | 2.93 | 0.59 | 0.81 | 0.45 |  |
| Information Ratio | 0.54 | -1.06 | -0.57 | -0.34 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 30/09/20 30/09/21 | 30/09/19 30/09/20 | 30/09/18 30/09/19 | 30/09/17 30/09/18 | 30/09/16 30/09/17 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -2.46 | 1.68 | 7.09 | 20.33 | 31.22 | 67.34 | 30.63 | -3.65 | 4.25 | 13.22 | 12.64 | 135.00 |
| Benchmark | -2.37 | 2.32 | 9.26 | 20.16 | 45.15 | 84.59 | 30.34 | 2.64 | 8.49 | 13.22 | 12.33 | 193.68 |
| Excess Return | -0.08 | -0.64 | -2.17 | 0.18 | -13.92 | -17.25 | 0.29 | -6.29 | -4.23 | 0.00 | 0.31 | -58.67 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 0.25 | 27.06 | -6.84 | 8.15 | 10.08 | 8.87 | 20.82 | 24.83 | 12.20 | -3.54 |
| Benchmark | 5.64 | 30.93 | -4.81 | 7.51 | 10.34 | 10.66 | 20.32 | 21.94 | 12.74 | -3.10 |
| Excess Return | -5.39 | -3.87 | -2.04 | 0.63 | -0.26 | -1.79 | 0.50 | 2.90 | -0.53 | -0.44 |

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 |  |  |
| Microsoft Corp | 3.94 | 3.48 | 0.46 | Information Technology | North America |
| Apple Inc | 3.93 | 4.08 | -0.15 | Information Technology | North America |
| Amazon.com Inc | 2.40 | 2.57 | -0.17 | Consumer Discretionary | North America |
| Alphabet Inc | 2.22 | 2.73 | -0.50 | Communication Services | North America |
| Facebook Inc | 1.22 | 1.40 | -0.19 | Communication Services | North America |
| Adobe Inc | 1.19 | 0.48 | 0.72 | Information Technology | North America |
| NVIDIA Corp | 1.12 | 0.89 | 0.23 | Information Technology | North America |
| AbbVie Inc | 1.10 | 0.33 | 0.77 | Health Care | North America |
| AT&T Inc | 1.06 | 0.33 | 0.73 | Communication Services | North America |
| Oracle Corp | 1.06 | 0.28 | 0.78 | Information Technology | North America |
| Total (%) | 19.24 | 16.57 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Nippon Telegraph & Telephone Corp | 0.87 | 0.06 | 0.81 |  | UnitedHealth Group Inc | 0.00 | 0.64 | -0.64 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| General Motors Co | 0.92 | 0.12 | 0.80 |  | Home Depot Inc | 0.00 | 0.60 | -0.60 |
| Schneider Electric SE | 0.94 | 0.16 | 0.79 |  | Nestle SA | 0.00 | 0.60 | -0.60 |
| Gilead Sciences Inc | 0.93 | 0.15 | 0.78 |  | Procter & Gamble Co | 0.00 | 0.59 | -0.59 |
| Oracle Corp | 1.06 | 0.28 | 0.78 |  | Asml Holding NV | 0.00 | 0.54 | -0.54 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-4	-3	-2	-1	0	1	2	3	4
Information Technology	25.79	22.50
Financials	15.63	13.69
Health Care	13.76	12.60
Industrials	12.62	10.34
Consumer Discretionary	11.83	12.16
Communication Services	7.65	9.13
Materials	5.47	4.12
Consumer Staples	3.45	6.88
Energy	1.62	3.21
Real Estate	1.07	2.69
Utilities	0.26	2.69
Cash	0.84	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Geography (%)
-4	-3	-2	-1	0	1	2	3
North America	69.13	70.36
Europe	16.08	19.21
Japan	9.66	7.04
Pacific ex-Japan	4.28	3.38
Emerging Markets	0.00	0.01
Cash	0.84	0.00
MarketCap Breakdown (USD - %)
36
32
28
24
20
16
12
8
4
0	0 To
250mn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	-	0.48	1.31	7.32	19.01	30.84	17.45	22.74	0.84
Bench.	0.01	0.01	0.26	3.13	13.03	34.13	21.15	28.28	-

Translation (ENFR, 2021-09-30):
# Performance et risque
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## Evolution de la performance (EUR)
160
140
120
100
80
60
Valeur liquidative
Cap.

### 29
Actif net du fonds (M)
USD

### 588.57
Depuis le: 10/05/2001
100% MSCI World Total Return Net
Port.

## Caractéristiques du portefeuille
Indice de réf.
Nombre de lignes	327 1561 Turnover: Glissant 1an (%)   104	- Active Share (%)		65	-

## Profil du portefeuille
Notation ESG
Notation ESG relative
Intensité relative en CO2
28/09/18
30/03/19
30/09/19
30/03/20
30/09/20
30/03/21 30/09/21
Portefeuille* (31.22%)	Indice de réference (45.15%)
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* (%) | 10.81 | 18.11 | 14.77 | 14.31 |
| Volatilité de l'indice de référence (%) | 11.12 | 17.12 | 13.96 | 13.89 |
| Risque relatif/Tracking Error  (%) | 2.52 | 2.68 | 2.27 | 2.43 |
| Ratio de Sharpe | 2.93 | 0.59 | 0.81 | 0.45 |
| Ratio d'information | 0.54 | -1.06 | -0.57 | -0.34 |

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 = 98.3% Indice de référence = 99.7% (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 = 98.6% (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 | 30/09/20 30/09/21 | 30/09/19 30/09/20 | 30/09/18 30/09/19 | 30/09/17 30/09/18 | 30/09/16 30/09/17 | Création |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -2.46 | 1.68 | 7.09 | 20.33 | 31.22 | 67.34 | 30.63 | -3.65 | 4.25 | 13.22 | 12.64 | 135.00 |
| Indice de réference | -2.37 | 2.32 | 9.26 | 20.16 | 45.15 | 84.59 | 30.34 | 2.64 | 8.49 | 13.22 | 12.33 | 193.68 |
| Ecarts | -0.08 | -0.64 | -2.17 | 0.18 | -13.92 | -17.25 | 0.29 | -6.29 | -4.23 | 0.00 | 0.31 | -58.67 |

Performance calendaire annuelle (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 0.25 | 27.06 | -6.84 | 8.15 | 10.08 | 8.87 | 20.82 | 24.83 | 12.20 | -3.54 |
| Indice de réference | 5.64 | 30.93 | -4.81 | 7.51 | 10.34 | 10.66 | 20.32 | 21.94 | 12.74 | -3.10 |
| Ecarts | -5.39 | -3.87 | -2.04 | 0.63 | -0.26 | -1.79 | 0.50 | 2.90 | -0.53 | -0.44 |

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 |  |  |
| Microsoft Corp | 3.94 | 3.48 | 0.46 | Technologie | Amérique du Nord |
| Apple Inc | 3.93 | 4.08 | -0.15 | Technologie | Amérique du Nord |
| Amazon.com Inc | 2.40 | 2.57 | -0.17 | Biens de conso. Cycliques | Amérique du Nord |
| Alphabet Inc | 2.22 | 2.73 | -0.50 | Services de Communication | Amérique du Nord |
| Facebook Inc | 1.22 | 1.40 | -0.19 | Services de Communication | Amérique du Nord |
| Adobe Inc | 1.19 | 0.48 | 0.72 | Technologie | Amérique du Nord |
| NVIDIA Corp | 1.12 | 0.89 | 0.23 | Technologie | Amérique du Nord |
| AbbVie Inc | 1.10 | 0.33 | 0.77 | Santé | Amérique du Nord |
| AT&T Inc | 1.06 | 0.33 | 0.73 | Services de Communication | Amérique du Nord |
| Oracle Corp | 1.06 | 0.28 | 0.78 | Technologie | Amérique du Nord |
| Total (%) | 19.24 | 16.57 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Nippon Telegraph & Telephone Corp | 0.87 | 0.06 | 0.81 |  | UnitedHealth Group Inc | 0.00 | 0.64 | -0.64 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| General Motors Co | 0.92 | 0.12 | 0.80 |  | Home Depot Inc | 0.00 | 0.60 | -0.60 |
| Schneider Electric SE | 0.94 | 0.16 | 0.79 |  | Nestle SA | 0.00 | 0.60 | -0.60 |
| Gilead Sciences Inc | 0.93 | 0.15 | 0.78 |  | Procter & Gamble Co | 0.00 | 0.59 | -0.59 |
| Oracle Corp | 1.06 | 0.28 | 0.78 |  | Asml Holding NV | 0.00 | 0.54 | -0.54 |


## Exposition sectorielle (%)
Portefeuille	Indice de réference

## Exposition sectorielle active (%)
-4	-3	-2	-1	0	1	2	3	4
Technologie	25.79	22.50
Finance	15.63	13.69
Santé	13.76	12.60
Industrie	12.62	10.34
Biens de conso. Cycliques	11.83	12.16
Services de Communication	7.65	9.13
Matériaux	5.47	4.12
Biens de conso. de base	3.45	6.88
Energie	1.62	3.21
Immobilier	1.07	2.69
Services aux collectivités	0.26	2.69
Monétaire	0.84	0.00

## Exposition géographique (%)
Portefeuille	Indice de réference
Amérique du Nord	69.13	70.36
Europe	16.08	19.21
Japon	9.66	7.04
Pacifique ex-Japon	4.28	3.38
Pays Emergent	0.00	0.01
Monétaire	0.84	0.00

## Exposition géographique active (%)
-4	-3	-2	-1	0	1	2	3

## Ventilation par capitalisation boursière (USD - %)
36
32
28
24
20
16
12
8
4
0	De 0 à
250 mns
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.	-	0.48	1.31	7.32	19.01	30.84	17.45	22.74	0.84
Indice de réf.	0.01	0.01	0.26	3.13	13.03	34.13	21.15	28.28	-