# AXA WF US Credit Short Duration IG I (H) EUR
## Benchmark
The fund doesn't have a benchmark.

## Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 95.9% (not meaningful for coverage below 50%)
| Key Figures (EUR)* Fund Cumulative Performance (%)		Current NAV YTD	1Y	3Y	10Y	Launch	Acc.		Inc. -1.40	-2.15	+1.79	-	+4.59	104.59	82.63 Fund Annualized Performance (%)	Assets Under Management (M) 3 Y.	5 Y.	10 Y.	Launch		USD +0.59	+0.15	-	+0.53	296.19 Dividend Record Record Date	Ex-Date	Dividend per Share	12 month Yield (%) Dec 2018	27/12/2018	28/12/2018	2.26	2.62 Dec 2019	27/12/2019	30/12/2019	2.51	2.92 Dec 2020	29/12/2020	30/12/2020	2.00	2.32 Dec 2021	29/12/2021	30/12/2021	1.59	1.90 12 Month Yield = (Sum of Dividends) / (Ending NAV). The 12 Month yield is calculated based on the sum of the distributions over the previous 12 months and the latest NAV. The 12 month yield may be higher or lower than the actual annual dividend yield. A positive distribution yield does not imply positive return. Dividends are not guaranteed. Past dividends are not indicative of future dividends. Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. You should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors. Performance & Risk Performance Evolution (EUR) |
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| 96 |
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| 94 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20 | 28/02/21 | 28/08/21 | 28/02/22 |
| Portfolio* (1.79%) |
| 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 basis of net or gross dividend. Please refer to the prospectus for more information. |

| Risk Analysis |  |
| --- | --- |
|  | 1Y | 3Y | 5Y | Launch |
| Portfolio Volatility* (%) | 0.94 | 3.45 | 2.71 | 2.18 |
| Sharpe Ratio | -1.30 | 0.42 | 0.36 | 0.56 |
| 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* | -0.50 | -1.56 | -2.32 | -1.40 | 1.79 | 0.73 | -2.15 | 1.34 | 2.66 | -0.08 | -0.96 | 4.59 |
| Annual Calendar Performance (%) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Portfolio* | -0.92 | 2.41 | 2.57 | -1.52 | -0.03 | 1.38 | -0.12 | 1.15 | - | - |

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 |  |
| --- | --- |
| Fund Key Metrics |
|  | Portfolio |  |  | Portfolio |
| Cash (%) | 3.03 |  | Option Adjusted Spread | 64 |
| Number of Holdings | 131 |  | Average Coupon (%) | 2.61 |
| Number of Issuers | 105 |  | Current yield (%) | 2.52 |
| Years to Maturity | 2.26 |  | Yield To Worst (%) | 2.04 |
| Modified duration to worst | 1.70 |  | Yield to maturity (%) | 2.13 |

| Sector Breakdown (%) |  |
| --- | --- |
|  | Portfolio |
| Banking | 32.33 |
| Consumer Non-Cyclical | 11.10 |
| Technology | 7.32 |
| Communications | 5.33 |
| Insurance | 5.28 |
| Energy | 4.78 |
| Finance Companies | 4.73 |
| REITS | 4.52 |
| Transportation | 4.10 |
| Capital Goods | 4.08 |
| Consumer Cyclical | 3.98 |
| Not Classified | 3.81 |
| Electric | 2.89 |
| Basic Industry | 2.20 |
| Other Industrial | 0.53 |
| Cash | 3.03 |
| Modified Duration to Worst Breakdown (%) |  |

60
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| 0 | Cash | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portfolio | 3.03 | 27.65 | 55.77 | 13.55 |


## Maturity Breakdown (%)
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0	Cash	0-1 year	1-3 years	3-5 years	5-7 years
Portfolio	3.03	12.79	54.46	28.44	1.28
| Top 10 Holdings |  |
| --- | --- |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight (%) |  |
| ROYAL BANK OF CANADA | 0.574 | 20/01/26 | Banking | 0.14 | A | 2.08 |  |
| AT&T INC | 0.900 | 25/03/24 | Communications | 2.04 | BBB | 2.03 |  |
| TRUIST FINANCIAL CORP | 0.449 | 09/06/25 | Not Classified | 0.03 | A | 1.87 |  |
| COMMONWEALTH BANK AUST | 0.569 | 15/06/26 | Banking | 0.04 | AA | 1.71 |  |
| PEOPLE'S UNITED FIN INC | 3.650 | 06/12/22 | Banking | 0.51 | BBB | 1.41 |  |
| BRIGHTHSE FIN GLBL FUND | 1.000 | 12/04/24 | Insurance | 2.09 | A | 1.39 |  |
| JACKSON NATL LIFE GLOBAL | 1.750 | 12/01/25 | Insurance | 2.80 | A | 1.37 |  |
| JPMORGAN CHASE & CO | 1.149 | 23/07/24 | Not Classified | 0.16 | A | 1.37 |  |
| BANK OF NOVA SCOTIA | 0.700 | 15/04/24 | Banking | 2.10 | A | 1.35 |  |
| BANK OF AMERICA CORP | 0.970 | 05/03/24 | Banking | 0.02 | A | 1.35 |  |
| Total (%) |  |  |  |  |  | 15.92 |  |
| Rating Breakdown (%) |  |  |  |  |  |  |  |

65
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| 0 | AA | A | BBB | BB | Cash |
| --- | --- | --- | --- | --- | --- |
| Portfolio | 2.89 | 30.86 | 59.77 | 3.44 | 3.03 |


## Currency Breakdown (%)
120
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USD	Cash
Portfolio	96.97	3.03
| Securities Exposure by geographical area (%) |  |
| --- | --- |
|  | Portfolio |
| United States | 67.28 |
| Canada | 7.40 |
| United Kingdom | 4.44 |
| France | 4.18 |
| Australia | 3.46 |
| Netherlands | 2.86 |
| New Zealand | 1.54 |
| Ireland | 1.17 |
| Germany | 1.04 |
| Switzerland | 1.02 |
| Other | 2.57 |
| Cash | 3.03 |

Translation (ENFR, 2022-02-28):
# AXA WF US Credit Short Duration IG I (H) EUR
## Indice de réference
Le fonds n’a pas d’indice de référence.

## Profil du portefeuille
Notation ESG
% de l’encours sous gestion couvert par la note ESG absolue : Portefeuille = 95.9% (n'est pas significatif lorsque le taux de couverture est inférieur à 50%)
| Chiffres clés (EUR)* Performances cumulées du fonds (%)		Valeur liquidative YTD	1 an	3 ans	10 ans  Création	Cap.		Dis. -1.40	-2.15	+1.79	-	+4.59	104.59	82.63 Performances annualisées du fonds (%)	Actif net du fonds (M) 3 ans	5 ans	10 ans	Création		USD +0.59	+0.15	-	+0.53	296.19 Historique du dividende Date	Date de détachement	Dividende Rendement sur 12 mois d’enregistrement du dividende		par part Dec 2018  27/12/2018	28/12/2018	2.26	2.62 Dec 2019  27/12/2019	30/12/2019	2.51	2.92 Dec 2020  29/12/2020	30/12/2020	2.00	2.32 Dec 2021  29/12/2021	30/12/2021	1.59	1.90 Rendement sur 12 mois = (Somme des dividendes) / (VL de clôture). Le rendement sur 12 mois est calculé selon le rapport entre la somme des distributions sur les 12 derniers mois et la dernière VL. Le rendement sur 12 mois peut être supérieur ou inférieur au rendement annuel du dividende effectif. Un rendement du dividende positif n’implique pas une performance positive. Les dividendes ne sont pas garantis. Les dividendes antérieurs ne présagent pas des dividendes futurs. Veuillez noter qu’un rendement du dividende positif n’implique pas une performance positive. Les investisseurs ne doivent prendre aucune décision d’investissement fondée uniquement sur les informations contenues dans le tableau ci-dessus. Vous devez lire le document d’offre pertinent (y compris les chiffres clés) du fonds pour obtenir plus d’informations, y compris les facteurs de risque. Performance et risque Evolution de la performance (EUR) |
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| 94 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20 | 28/02/21 | 28/08/21 | 28/02/22 |
| Portefeuille* (1.79%) |
| Les données sont rebasées à 100 par AXA IM à la date de début du graphique. 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 risque |  |
| --- | --- |
|  | 1 an | 3 ans | 5 ans | Création |
| Volatilité du portefeuille* (%) | 0.94 | 3.45 | 2.71 | 2.18 |
| Ratio de Sharpe | -1.30 | 0.42 | 0.36 | 0.56 |
| Performance glissante (%) |  |  |  |  |

28/02/22
1 mois	3 mois	6 mois	YTD	3 ans	5 ans	28/02/21
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*	-0.50	-1.56	-2.32	-1.40	1.79	0.73	-2.15	1.34	2.66	-0.08	-0.96	4.59

## Performance calendaire annuelle (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portefeuille* | -0.92 | 2.41 | 2.57 | -1.52 | -0.03 | 1.38 | -0.12 | 1.15 | - | - |

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 |  |
| --- | --- |
| Caractéristiques du portefeuille |
|  | Portefeuille |  |  | Portefeuille |
| Cash (%) | 3.03 |  | Option adjusted spread | 64 |
| Nombre de lignes | 131 |  | Coupon moyen (%) | 2.61 |
| Nombre d'émetteurs | 105 |  | Current yield (%) | 2.52 |
| Years to Maturity | 2.26 |  | Yield to worst (%) | 2.04 |
| Modified duration to worst | 1.70 |  | Yield to maturity (%) | 2.13 |

| Exposition sectorielle (%) |  |
| --- | --- |
|  | Portefeuille |
| Banque | 32.33 |
| Consommation non cyclique | 11.10 |
| Technologie | 7.32 |
| Communications | 5.33 |
| Assurance | 5.28 |
| Énergie | 4.78 |
| Sociétés de financement | 4.73 |
| REIT | 4.52 |
| Transport | 4.10 |
| Biens d'équipement | 4.08 |
| Consommation cyclique | 3.98 |
| Non classés | 3.81 |
| Électrique | 2.89 |
| Industrie de base | 2.20 |
| Autres secteurs industriels | 0.53 |
| Cash | 3.03 |
| Exposition à la Modified Duration to Worst (%) |  |

60
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| 0 | Cash | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portefeuille | 3.03 | 27.65 | 55.77 | 13.55 |


## Exposition par maturité (%)
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50
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0	Cash	0-1 an	1-3 ans	3-5 ans	5-7 ans
Portefeuille	3.03	12.79	54.46	28.44	1.28
| 10 principaux titres |  |
| --- | --- |
| Emetteur | Coupon | Maturité | Secteur | Modified duration to worst | Rating | Ponderation (%) |  |
| ROYAL BANK OF CANADA | 0.574 | 20/01/26 | Banque | 0.14 | A | 2.08 |  |
| AT&T INC | 0.900 | 25/03/24 | Communications | 2.04 | BBB | 2.03 |  |
| TRUIST FINANCIAL CORP | 0.449 | 09/06/25 | Non classés | 0.03 | A | 1.87 |  |
| COMMONWEALTH BANK AUST | 0.569 | 15/06/26 | Banque | 0.04 | AA | 1.71 |  |
| PEOPLE'S UNITED FIN INC | 3.650 | 06/12/22 | Banque | 0.51 | BBB | 1.41 |  |
| BRIGHTHSE FIN GLBL FUND | 1.000 | 12/04/24 | Assurance | 2.09 | A | 1.39 |  |
| JACKSON NATL LIFE GLOBAL | 1.750 | 12/01/25 | Assurance | 2.80 | A | 1.37 |  |
| JPMORGAN CHASE & CO | 1.149 | 23/07/24 | Non classés | 0.16 | A | 1.37 |  |
| BANK OF NOVA SCOTIA | 0.700 | 15/04/24 | Banque | 2.10 | A | 1.35 |  |
| BANK OF AMERICA CORP | 0.970 | 05/03/24 | Banque | 0.02 | A | 1.35 |  |
| Total (%) |  |  |  |  |  | 15.92 |  |
| Exposition par rating (%) |  |  |  |  |  |  |  |

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| 0 | AA | A | BBB | BB | Cash |
| --- | --- | --- | --- | --- | --- |
| Portefeuille | 2.89 | 30.86 | 59.77 | 3.44 | 3.03 |


## Exposition par devise (%)
120
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100
80
60
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0
USD	Cash
Portefeuille	96.97	3.03
| Exposition Actions par zone géographique (%) |  |
| --- | --- |
|  | Portefeuille |
| Etats-Unis | 67.28 |
| Canada | 7.40 |
| Royaume-Uni | 4.44 |
| France | 4.18 |
| Australie | 3.46 |
| Pays-Bas | 2.86 |
| Nlle-Zélande | 1.54 |
| Irlande | 1.17 |
| Allemagne | 1.04 |
| Suisse | 1.02 |
| Autres | 2.57 |
| Cash | 3.03 |