# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 01/04/2019 to 31/10/2022* (Source: Fund Admin)
175
150
125
100
04/19
07/19
10/19
01/20
04/20
07/20
10/20
01/21
04/21
07/21
10/21
01/22
04/22
07/22
10/22
75

### Portfolio (125.75)	Benchmark (137.67)

## Cumulative Returns * (Source: Fund Admin)
|  | YTD | 1 month | 3 months | 1 year | 3 years | 5 years | Since |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Since | 31/12/2021 | 30/09/2022 | 29/07/2022 | 29/10/2021 | 31/10/2019 | - | 01/04/2019 |
| Portfolio | -22.78% | 3.52% | -10.14% | -21.14% | 15.87% | - | 25.75% |
| Benchmark | -9.26% | 5.10% | -4.72% | -6.28% | 30.10% | - | 37.67% |
| Spread | -13.52% | -1.58% | -5.42% | -14.86% | -14.23% | - | -11.93% |
| Calendar year performance * (Source: Fund Admin) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 |
| Portfolio | 24.58% | 12.96% | - | - | - |
| Benchmark | 27.54% | 6.65% | - | - | - |
| Spread | -2.96% | 6.31% | - | - | - |

* Source: Fund Admin. The above results pertain to full 12-month period per calendar year. All performances are calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. The value of investments may vary upwards or downwards according to market conditions.

## Risk analysis (rolling) (Source: Fund Admin)

### 1 year	3 years  5 years

### Portfolio volatility	22.73%  20.02%	-

### Benchmark volatility	16.44% 18.48%	- Volatility is a statistical indicator that measures an asset’s variations around its average value. For example, market

### variations of +/- 1.5% per day correspond to a volatility of
|  |  |  |
| --- | --- | --- |
| Top 10 issuers (Source: Polen) |  |  |
|  | Exposure | Bmk |
|  |  |  |
| MICROSOFT CORP | 8.39% | 3.02% |
| ALPHABET INC-CL C | 7.48% | 0.98% |
| VISA INC-CLASS A SHARES | 7.20% | 0.63% |
| ICON PLC | 6.67% | 0.00% |
| ADOBE INC | 6.25% | 0.28% |
| MASTERCARD INC - A | 4.87% | 0.52% |
| ABBOTT LABORATORIES | 4.84% | 0.32% |
| AUTODESK INC | 4.81% | 0.09% |
| SIEMENS HEALTHINEERS AG | 4.73% | 0.02% |
| SAP SE | 4.58% | 0.18% |
|  |


### 25% per year.

Translation (ENES, 2022-10-31):
# Rentabilidades (Fuente: Fund Admin) - El rendimiento pasado no garantiza los resultados futuros
## Evolución de la rentabilidad (base 100) * (Fuente: Fund Admin)
175
150
|  |  |
| --- | --- |
| Principales emisores (Fuente : Polen) Exposición	Bmk |
| MICROSOFT CORP | 8,39% | 3,02% |
| ALPHABET INC-CL C | 7,48% | 0,98% |
| VISA INC-CLASS A SHARES | 7,20% | 0,63% |
| ICON PLC | 6,67% | 0,00% |
| ADOBE INC | 6,25% | 0,28% |
| MASTERCARD INC - A | 4,87% | 0,52% |
|  |  |  |  | Cartera (125,75) | Indice (137,67) |  |  |  |  |  | ABBOTT LABORATORIES | 4,84% | 0,32% |
|  |  |  |  |  |  |  |  |  |  |  | AUTODESK INC | 4,81% | 0,09% |
| des * (F | uente: | Fund Admin) |  |  |  |  |  |  |  | SIEMENS HEALTHINEERS AG | 4,73% | 0,02% |

125

## Indicadores de Riesgo (Fuente : Fund Admin)
1 año	3 años 5 años Volatilidad de la cartera	22,73% 20,02%	- Volatilidad del índice	16,44% 18,48%	-
La volatilidad es un indicador estadístico que mide la amplitud de las variaciones de un activo respecto a su media. Ejemplo: unas variaciones diarias de +/- 1,5% en los mercados corresponden a una volatilidad anual del 25%.
100
04/19
07/19
10/19
01/20
04/20
07/20
10/20
01/21
04/21
07/21
10/21
01/22
04/22
07/22
10/22
75

## Rentabilida
|  | Desde el | 1 mes | 3 meses | 1 año | 3 años | 5 años | Desde el |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Desde el | 31/12/2021 | 30/09/2022 | 29/07/2022 | 29/10/2021 | 31/10/2019 | - | 01/04/2019 |
| Cartera | -22,78% | 3,52% | -10,14% | -21,14% | 15,87% | - | 25,75% |
| Índice | -9,26% | 5,10% | -4,72% | -6,28% | 30,10% | - | 37,67% |
| Diferencia | -13,52% | -1,58% | -5,42% | -14,86% | -14,23% | - | -11,93% |
| Rentabilidades anuales * (Fuente: Fund Admin) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cartera | 24,58% | 12,96% | - | - | - |
| Índice | 27,54% | 6,65% | - | - | - |
| Diferencia | -2,96% | 6,31% | - | - | - |

* Fuente : Fund Admin. Las rentabilidades siguientes cubren períodos completos de 12 meses para cada año natural. El valor de las inversiones puede variar al alza o a la baja en función de la evolución de los mercados.