# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |

200
175
150
125
100
75
14/12/2018
30/06/2019
31/12/2019
30/06/2020
31/12/2020
30/06/2021
ESG Relative Rating
CO2 Relative rating
Portfolio* (68.80%)	Benchmark (60.89%)
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 = 100.0% Benchmark = 99.5% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 99.1% Benchmark = 98.5% (not meaningful for
| basis of net or gross dividend. Please refer to the pr Risk Analysis | ospectus for more inf | ormation. |  |  | coverage below 50%) |
| --- | --- | --- | --- | --- | --- |
|  | 1Y | 3Y | 5Y | Launch |  |
| Portfolio Volatility* (%) | 18.47 | - | - | 21.23 |  |
| Benchmark Volatility (%) | 11.56 | - | - | 18.03 |  |
| Relative Risk/Tracking Error  (%) | 11.98 | - | - | 8.07 |  |
| Sharpe Ratio | 2.88 | - | - | 1.18 |  |
| Information Ratio | 1.19 | - | - | 0.56 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 30/06/2020 30/06/2021 | 30/06/2019 30/06/2020 | 30/06/2018 30/06/2019 | 30/06/2017 30/06/2018 | 30/06/2016 30/06/2017 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 2.07 | 3.75 | 2.85 | 2.85 | 50.85 | 0.46 | - | - | - | 68.80 |
| Benchmark | 1.36 | 7.39 | 12.30 | 12.30 | 39.26 | 2.11 | - | - | - | 60.89 |
| Excess Return | 0.71 | -3.64 | -9.46 | -9.46 | 11.58 | -1.65 | - | - | - | 7.91 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 40.68 | 19.10 | - | - | - | - | - | - | - | - |
| Benchmark | 16.25 | 26.60 | - | - | - | - | - | - | - | - |
| Excess Return | 24.42 | -7.50 | - | - | - | - | - | - | - | - |

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 | 3.66 | - | 3.66 | Industrials | USA |
| NextEra Energy Inc | 3.12 | 0.22 | 2.90 | Utilities | USA |
| Taiwan Semiconductor Manufa... | 3.02 | 0.79 | 2.22 | Information Technology | Taiwan |
| Darling Ingredients Inc | 2.83 | - | 2.83 | Consumer Staples | USA |
| Aptiv PLC | 2.80 | 0.06 | 2.74 | Consumer Discretionary | USA |
| TE Connectivity Ltd | 2.79 | 0.07 | 2.72 | Information Technology | USA |
| Infineon Technologies AG | 2.72 | 0.08 | 2.64 | Information Technology | Germany |
| Hannon Armstrong Sustainable | 2.71 | - | 2.71 | Financials | USA |
| Trimble Inc | 2.64 | 0.03 | 2.61 | Information Technology | USA |
| Schneider Electric SE | 2.59 | 0.13 | 2.46 | Industrials | France |
| Total (%) | 28.87 | 1.38 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Ameresco Inc | 3.66 | 0.00 | 3.66 |  | Apple Inc | 0.00 | 3.46 | -3.46 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NextEra Energy Inc | 3.12 | 0.22 | 2.90 |  | Microsoft Corp | 0.00 | 2.92 | -2.92 |
| Darling Ingredients Inc | 2.83 | 0.00 | 2.83 |  | Alphabet Inc | 0.00 | 2.22 | -2.22 |
| Aptiv PLC | 2.80 | 0.06 | 2.74 |  | Amazon.com Inc | 0.00 | 2.21 | -2.21 |
| TE Connectivity Ltd | 2.79 | 0.07 | 2.72 |  | Facebook Inc | 0.00 | 1.26 | -1.26 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-12	-8	-4	0	4	8	12	16	20	24	28
Industrials	35.37	9.86
Information Technology	23.29	21.89
Materials	14.33	4.92
Utilities	6.25	2.63
Consumer Discretionary	6.15	12.75
Health Care	5.90	11.57
Consumer Staples	5.27	6.86
Financials	2.71	14.10
Real Estate	0.00	2.62
Communication Services	0.00	9.40
Energy	0.00	3.40
Cash	0.73	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
USA	53.69	58.67
Germany	9.36	2.40
United Kingdom	8.46	3.67
Netherlands	7.59	1.11
Denmark	4.35	0.66
Spain	3.97	0.62
Taiwan	3.02	1.80
Ireland	2.81	0.18
France	2.59	2.94
South Korea	1.41	1.71
China	1.11	4.85
Switzerland	0.63	2.50
Other	0.29	18.89
Cash	0.73	0.00

## Active Exposure by Geography (%)
-21	-18	-15	-12	-9	-6	-3	0	3	6	9

## MarketCap Breakdown (%)
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.	-	16.01	9.18	10.66	24.98	24.10	9.51	4.83	0.73
Bench.	0.01	0.34	1.36	5.81	16.61	33.33	18.95	23.60	-

Translation (ENFR, 2021-06-30):
# Performance et risque
|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |


## Evolution de la performance (EUR)
200
175
150
125
100
75
Valeur liquidative
Cap.

### 168.8
Actif net du fonds (M)
USD

### 440.91
Depuis le: 14/12/2018
100% MSCI AC World Total Return Net
Port.

## Caractéristiques du portefeuille
Indice de réf.
Nombre de lignes	55 2975 Turnover: Glissant 1an (%)	83	- Active Share (%)	96	-

## Profil du portefeuille
Notation ESG
Notation ESG relative
Intensité relative en CO2
14/12/2018
30/06/2019
31/12/2019
30/06/2020
31/12/2020
30/06/2021
Portefeuille* (68.80%)	Indice de réference (60.89%)
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* (%) | 18.47 | - | - | 21.23 |
| Volatilité de l'indice de référence (%) | 11.56 | - | - | 18.03 |
| Risque relatif/Tracking Error  (%) | 11.98 | - | - | 8.07 |
| Ratio de Sharpe | 2.88 | - | - | 1.18 |
| Ratio d'information | 1.19 | - | - | 0.56 |

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 = 100.0% Indice de référence = 99.5% (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 = 99.1% Indice de référence = 98.5% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)

## Performance glissante (%)
|  | 1 mois | 3 mois | 6 mois | YTD | 30/06/2020 30/06/2021 | 30/06/2019 30/06/2020 | 30/06/2018 30/06/2019 | 30/06/2017 30/06/2018 | 30/06/2016 30/06/2017 | Création |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 2.07 | 3.75 | 2.85 | 2.85 | 50.85 | 0.46 | - | - | - | 68.80 |
| Indice de réference | 1.36 | 7.39 | 12.30 | 12.30 | 39.26 | 2.11 | - | - | - | 60.89 |
| Ecarts | 0.71 | -3.64 | -9.46 | -9.46 | 11.58 | -1.65 | - | - | - | 7.91 |

Performance calendaire annuelle (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | 40.68 | 19.10 | - | - | - | - | - | - | - | - |
| Indice de réference | 16.25 | 26.60 | - | - | - | - | - | - | - | - |
| Ecarts | 24.42 | -7.50 | - | - | - | - | - | - | - | - |

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 | 3.66 | - | 3.66 | Industrie | Etats-Unis |
| NextEra Energy Inc | 3.12 | 0.22 | 2.90 | Services aux collectivités | Etats-Unis |
| Taiwan Semiconductor Manufa... | 3.02 | 0.79 | 2.22 | Technologie | Taiwan |
| Darling Ingredients Inc | 2.83 | - | 2.83 | Biens de conso. de base | Etats-Unis |
| Aptiv PLC | 2.80 | 0.06 | 2.74 | Biens de conso. Cycliques | Etats-Unis |
| TE Connectivity Ltd | 2.79 | 0.07 | 2.72 | Technologie | Etats-Unis |
| Infineon Technologies AG | 2.72 | 0.08 | 2.64 | Technologie | Allemagne |
| Hannon Armstrong Sustainable | 2.71 | - | 2.71 | Finance | Etats-Unis |
| Trimble Inc | 2.64 | 0.03 | 2.61 | Technologie | Etats-Unis |
| Schneider Electric SE | 2.59 | 0.13 | 2.46 | Industrie | France |
| Total (%) | 28.87 | 1.38 |  |  |  |


## 5 principales surpondérations (%)	5 principales sous-pondérations (%)
Port. Indice Relative de réf.
Port. Indice Relative de réf.
| Ameresco Inc | 3.66 | 0.00 | 3.66 |  | Apple Inc | 0.00 | 3.46 | -3.46 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NextEra Energy Inc | 3.12 | 0.22 | 2.90 |  | Microsoft Corp | 0.00 | 2.92 | -2.92 |
| Darling Ingredients Inc | 2.83 | 0.00 | 2.83 |  | Alphabet Inc | 0.00 | 2.22 | -2.22 |
| Aptiv PLC | 2.80 | 0.06 | 2.74 |  | Amazon.com Inc | 0.00 | 2.21 | -2.21 |
| TE Connectivity Ltd | 2.79 | 0.07 | 2.72 |  | Facebook Inc | 0.00 | 1.26 | -1.26 |


## Exposition sectorielle (%)
Portefeuille	Indice de réference

## Exposition sectorielle active (%)
-12	-8	-4	0	4	8	12	16	20	24	28
Industrie	35.37	9.86
Technologie	23.29	21.89
Matériaux	14.33	4.92
Services aux collectivités	6.25	2.63
Biens de conso. Cycliques	6.15	12.75
Santé	5.90	11.57
Biens de conso. de base	5.27	6.86
Finance	2.71	14.10
Immobilier	0.00	2.62
Services de Communication	0.00	9.40
Energie	0.00	3.40
Monétaire	0.73	0.00

## Exposition géographique (%)
Portefeuille	Indice de réference
Etats-Unis	53.69	58.67
Allemagne	9.36	2.40
Royaume-Uni	8.46	3.67
Pays-Bas	7.59	1.11
Danemark	4.35	0.66
Espagne	3.97	0.62
Taiwan	3.02	1.80
Irlande	2.81	0.18
France	2.59	2.94
Corée du sud	1.41	1.71
Chine	1.11	4.85
Suisse	0.63	2.50
Autres	0.29	18.89
Monétaire	0.73	0.00

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

## Ventilation par capitalisation boursière (%)
35
30
25
20
15
10
5
De 0 à 250 mns
d’euros
De 1 à 3 mds
d’euros
De 3 à 5 mds
d’euros
De 5 à 10 mds
d’euros
De 10 à 25 mds
d’euros
De 25 à 100 mds
d’euros
De 100 à
250 mds d’euros
Plus de 250 mds
d’euros
Monétaire
0
| Port. | - | 16.01 | 9.18 | 10.66 | 24.98 | 24.10 | 9.51 | 4.83 | 0.73 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Indice de réf. | 0.01 | 0.34 | 1.36 | 5.81 | 16.61 | 33.33 | 18.95 | 23.60 | - |