# Performance & Risk
## Performance Evolution (EUR)
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## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
28/02/19	28/08/19	28/02/20	28/08/20	28/02/21	28/08/21 28/02/22
Portfolio* (34.01%)	Benchmark (51.95%)
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 = 98.9% Benchmark = 100.0% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 99.3% Benchmark = 99.3% (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* (%) | 9.71 | 16.42 | 15.07 | 13.53 |  |
| Benchmark Volatility (%) | 9.41 | 15.81 | 14.28 | 13.09 |  |
| Relative Risk/Tracking Error  (%) | 2.04 | 2.55 | 2.35 | 2.44 |  |
| Sharpe Ratio | 2.02 | 0.79 | 0.66 | 0.52 |  |
| Information Ratio | -0.07 | -0.89 | -0.47 | -0.28 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 28/02/21 28/02/22 | 28/02/20 28/02/21 | 28/02/19 29/02/20 | 28/02/18 28/02/19 | 28/02/17 28/02/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -3.28 | -3.33 | -0.15 | -6.99 | 34.01 | 42.53 | 16.90 | 11.37 | 2.93 | 3.99 | 2.28 | 187.44 |
| Benchmark | -2.72 | -3.54 | 0.21 | -7.02 | 51.95 | 67.12 | 19.68 | 17.05 | 8.47 | 7.57 | 2.25 | 346.43 |
| Excess Return | -0.56 | 0.21 | -0.36 | 0.03 | -17.95 | -24.59 | -2.78 | -5.68 | -5.54 | -3.58 | 0.04 | -158.99 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 31.20 | -1.11 | 25.40 | -8.16 | 6.69 | 8.68 | 7.30 | 19.32 | 23.03 | 10.78 |
| Benchmark | 32.66 | 5.64 | 30.93 | -4.81 | 7.51 | 10.34 | 10.66 | 20.32 | 21.94 | 12.74 |
| Excess Return | -1.45 | -6.76 | -5.53 | -3.35 | -0.82 | -1.66 | -3.36 | -1.00 | 1.09 | -1.96 |

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 |  |  |
| Apple Inc | 4.57 | 4.75 | -0.18 | Information Technology | North America |
| Microsoft Corp | 3.68 | 3.71 | -0.03 | Information Technology | North America |
| Alphabet Inc | 2.46 | 2.77 | -0.31 | Communication Services | North America |
| Amazon.com Inc | 2.08 | 2.43 | -0.35 | Consumer Discretionary | North America |
| Tesla Inc | 1.48 | 1.27 | 0.20 | Consumer Discretionary | North America |
| Johnson & Johnson | 1.43 | 0.75 | 0.68 | Health Care | North America |
| Pfizer Inc | 1.11 | 0.46 | 0.65 | Health Care | North America |
| Merck & Co Inc | 1.02 | 0.34 | 0.68 | Health Care | North America |
| BP PLC | 0.98 | 0.17 | 0.81 | Energy | Europe |
| Diageo PLC | 0.96 | 0.20 | 0.75 | Consumer Staples | Europe |
| Total (%) | 19.76 | 16.86 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Equinor ASA | 0.87 | 0.05 | 0.82 |  | UnitedHealth Group Inc | 0.00 | 0.78 | -0.78 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BP PLC | 0.98 | 0.17 | 0.81 |  | Procter & Gamble Co | 0.00 | 0.66 | -0.66 |
| Nippon Telegraph & Telephone Corp | 0.87 | 0.06 | 0.81 |  | Nestle SA | 0.00 | 0.64 | -0.64 |
| Bank of Montreal | 0.93 | 0.13 | 0.80 |  | Exxon Mobil Corp | 0.00 | 0.58 | -0.58 |
| Canadian Imperial Bank of Commerce | 0.90 | 0.10 | 0.80 |  | MasterCard Inc | 0.00 | 0.55 | -0.55 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)

#### -3	-2	-1	0	1	2	3	4
Information Technology	23.89	22.39
Financials	17.85	14.00
Health Care	13.77	12.61
Consumer Discretionary	11.46	11.62
Industrials	11.17	10.12
Consumer Staples	6.47	7.23
Communication Services	6.37	8.00
Materials	4.74	4.39
Energy	2.54	4.09
Real Estate	1.11	2.71
Utilities	0.13	2.83
Cash	0.51	0.00

## Securities Exposure by geographical area (%)
Portfolio	Benchmark
North America	70.70	71.50
Europe	18.95	18.85
Japan	7.73	6.35
Pacific ex-Japan	2.11	3.30
Emerging Markets	0.00	0.00
Cash	0.51	0.00

## Active Exposure by Geography (%)

#### -2	-1	0	1	2
MarketCap Breakdown (USD - %)
36
33
30
27
24
21
18
15
12
9
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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.	0.16	1.20	7.87	20.63	32.17	16.23	21.25	0.51
Bench.	0.01	0.30	2.89	12.65	33.47	22.30	28.39	-

Translation (ENFR, 2022-02-28):
# Performance et risque
## Evolution de la performance (EUR)
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Valeur liquidative
Cap.

### 20.61
Actif net du fonds (M)
USD

### 604.82
Depuis le: 10/02/2004
100% MSCI World Total Return Net
Port.

## Caractéristiques du portefeuille
Indice de réf.
Nombre de lignes	288 1539 Turnover: Glissant 1an (%)   105	- Active Share (%)		66	-

## Profil du portefeuille
Notation ESG
Notation ESG relative
Intensité relative en CO2
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
Portefeuille* (34.01%)	Indice de réference (51.95%)
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* (%) | 9.71 | 16.42 | 15.07 | 13.53 |
| Volatilité de l'indice de référence (%) | 9.41 | 15.81 | 14.28 | 13.09 |
| Risque relatif/Tracking Error  (%) | 2.04 | 2.55 | 2.35 | 2.44 |
| Ratio de Sharpe | 2.02 | 0.79 | 0.66 | 0.52 |
| Ratio d'information | -0.07 | -0.89 | -0.47 | -0.28 |

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 = 98.9% Indice de référence = 100.0% (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 = 99.3% Indice de référence = 99.3% (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 | 28/02/21 28/02/22 | 28/02/20 28/02/21 | 28/02/19 29/02/20 | 28/02/18 28/02/19 | 28/02/17 28/02/18 | Création |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -3.28 | -3.33 | -0.15 | -6.99 | 34.01 | 42.53 | 16.90 | 11.37 | 2.93 | 3.99 | 2.28 | 187.44 |
| Indice de réference | -2.72 | -3.54 | 0.21 | -7.02 | 51.95 | 67.12 | 19.68 | 17.05 | 8.47 | 7.57 | 2.25 | 346.43 |
| Ecarts | -0.56 | 0.21 | -0.36 | 0.03 | -17.95 | -24.59 | -2.78 | -5.68 | -5.54 | -3.58 | 0.04 | -158.99 |

Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 31.20 | -1.11 | 25.40 | -8.16 | 6.69 | 8.68 | 7.30 | 19.32 | 23.03 | 10.78 |
| Indice de réference | 32.66 | 5.64 | 30.93 | -4.81 | 7.51 | 10.34 | 10.66 | 20.32 | 21.94 | 12.74 |
| Ecarts | -1.45 | -6.76 | -5.53 | -3.35 | -0.82 | -1.66 | -3.36 | -1.00 | 1.09 | -1.96 |

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 |  |  |
| Apple Inc	4.57 | 4.75 | -0.18 | Technologie | Amérique du Nord |
| Microsoft Corp	3.68 | 3.71 | -0.03 | Technologie | Amérique du Nord |
| Alphabet Inc	2.46 | 2.77 | -0.31 | Services de Communication | Amérique du Nord |
| Amazon.com Inc	2.08 | 2.43 | -0.35 | Biens de conso. Cycliques | Amérique du Nord |
| Tesla Inc	1.48 | 1.27 | 0.20 | Biens de conso. Cycliques | Amérique du Nord |
| Johnson & Johnson	1.43 | 0.75 | 0.68 | Santé | Amérique du Nord |
| Pfizer Inc	1.11 | 0.46 | 0.65 | Santé | Amérique du Nord |
| Merck & Co Inc	1.02 | 0.34 | 0.68 | Santé | Amérique du Nord |
| BP PLC	0.98 | 0.17 | 0.81 | Energie | Europe |
| Diageo PLC	0.96 | 0.20 | 0.75 | Biens de conso. de base | Europe |
| Total (%)	19.76 | 16.86 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Equinor ASA | 0.87 | 0.05 | 0.82 |  | UnitedHealth Group Inc | 0.00 | 0.78 | -0.78 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BP PLC | 0.98 | 0.17 | 0.81 |  | Procter & Gamble Co | 0.00 | 0.66 | -0.66 |
| Nippon Telegraph & Telephone Corp | 0.87 | 0.06 | 0.81 |  | Nestle SA | 0.00 | 0.64 | -0.64 |
| Bank of Montreal | 0.93 | 0.13 | 0.80 |  | Exxon Mobil Corp | 0.00 | 0.58 | -0.58 |
| Canadian Imperial Bank of Commerce | 0.90 | 0.10 | 0.80 |  | MasterCard Inc | 0.00 | 0.55 | -0.55 |


## Exposition sectorielle (%)
Portefeuille	Indice de réference

## Exposition sectorielle active (%)
-3	-2	-1	0	1	2	3	4
Technologie	23.89	22.39
Finance	17.85	14.00
Santé	13.77	12.61
Biens de conso. Cycliques	11.46	11.62
Industrie	11.17	10.12
Biens de conso. de base	6.47	7.23
Services de Communication	6.37	8.00
Matériaux	4.74	4.39
Energie	2.54	4.09
Immobilier	1.11	2.71
Services aux collectivités	0.13	2.83
Monétaire	0.51	0.00

## Exposition Actions par zone géographique (%)
Portefeuille	Indice de réference
Amérique du Nord	70.70	71.50
Europe	18.95	18.85
Japon	7.73	6.35
Pacifique ex-Japon	2.11	3.30
Pays Emergent	0.00	0.00
Monétaire	0.51	0.00

## Exposition régionale active (%)
-2	-1	0	1	2

## Ventilation par capitalisation boursière (USD - %)
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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.	0.16	1.20	7.87	20.63	32.17	16.23	21.25	0.51
Indice de réf.	0.01	0.30	2.89	12.65	33.47	22.30	28.39	-