# AXA Aedificandi A EUR
## Benchmark
The fund doesn't have a benchmark.
The Fund is actively managed without reference to any benchmark.

## Fund Key Metrics
Port.
| Past performance is not a reliable indicator of future results. Key Figures (EUR)* Fund Cumulative Performance (%)		Current NAV YTD	1Y	3Y	10Y	Launch	Acc.		Inc. -33.79	-33.38	-28.59	+51.11  +756.70	430.84	281.9 Fund Annualized Performance (%)	Assets Under Management (M) 3 Y.	5 Y.	10 Y.	Launch		EUR -10.61	-3.36	+4.21	+6.17	498.47 Dividend Record |
| --- |
| Record Date	Ex-Date	Dividend per Share	12 month Yield (%) |
| Apr 2019	04/04/2019	05/04/2019	5.07	1.31 |
| Apr 2020	02/04/2020	03/04/2020	5.70	1.82 |
| Apr 2021	05/04/2021	06/04/2021	4.43	1.16 |
| Apr 2022	01/04/2022	04/04/2022	1.77	0.43 |
| 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. 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) 120 100 80 60 31/10/19	30/04/20	31/10/20	30/04/21	31/10/21	30/04/22 31/10/22 |
| Portfolio* (-28.59%) |  |
| Data is rebased to 100 by AXA IM on the graph start date. 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. |

Number of Holdings	31
Turnover: Rolling 1Y (%)	34

## Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 99.2% (not meaningful for coverage below 50%)
| Performance & Risk  (Continued) |  |
| --- | --- |
| Risk Analysis |
|  | 1Y | 3Y | 5Y | Launch |
| Portfolio Volatility* (%) | 21.83 | 22.54 | 19.16 | 14.95 |
| Sharpe Ratio | -1.44 | -0.38 | -0.07 | 0.51 |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 31/10/21 31/10/22 | 31/10/20 31/10/21 | 31/10/19 31/10/20 | 31/10/18 31/10/19 | 31/10/17 31/10/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 2.76 | -20.15 | -27.97 | -33.79 | -28.59 | -15.71 | -33.38 | 28.85 | -16.81 | 14.08 | 3.47 | 756.70 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 11.80 | -5.34 | 23.45 | -6.93 | 17.43 | 1.73 | 15.40 | 23.61 | 7.97 | 25.07 |

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 |
| LEG Immobilien SE | 9.45 | Real Estate | Germany |
| Gecina SA | 7.28 | Real Estate | France |
| Klepierre SA | 6.83 | Real Estate | France |
| Aedifica SA | 6.11 | Real Estate | Belgium |
| Unibail-Rodamco-Westfield | 4.88 | Real Estate | France |
| Vonovia SE | 4.77 | Real Estate | Germany |
| Warehouses De Pauw Sca | 4.74 | Real Estate | Belgium |
| Cofinimmo SA | 4.46 | Real Estate | Belgium |
| Covivio | 4.44 | Real Estate | France |
| Merlin Properties Socimi SA | 4.27 | Real Estate | Spain |
| Total (%) | 57.23 |  |  |

Companies shown are for illustrative purposes only at the date of this report and may no longer be in the portfolio later. It should not be considered a recommendation to purchase or sell any security.

## Sector Breakdown (%)	Geographical Breakdown (%)
Portfolio
Real Estate	98.96
Information Technology	0.04
Cash	1.00
Portfolio
France	35.60
Belgium	22.53
Germany	19.42
Spain	7.51
USA	4.77
Finland	4.12
United Kingdom	1.60
Netherlands	1.58
Japan	0.48
Australia	0.47
Singapore	0.35
Hong Kong	0.35
Other	0.21
Cash	1.00
MarketCap Breakdown (EUR - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	250mn To 500mn	500mn To 1bn	1bn To 3bn	3bn To 5bn	5bn To 10bn	10bn To 25bn	25bn To 100bn	Cash
Port.	1.52	5.55	27.69	31.71	22.80	7.68	2.05	1.00

Translation (ENES, 2022-10-31):
# AXA Aedificandi A EUR
## Índice de referencia
El fondo carece de índice de referencia.
El fondo está gestionado de manera activa y no sigue ningún índice de referencia.

## Detalle del Fondo
| Las rentabilidades pasadas no son un indicador fiable de resultados futuros. Cifras clave (EUR)* Rentabilidad acumulada del fondo (%)		Valor liquidativo YTD	1A	3 A	10A	Inicio	Acu.		Inc. -33.79	-33.38	-28.59	+51.11  +756.70	430.84	281.9 Rentabilidad anualizada del fondo (%)	Activos netos (M) 3 A.	5 A.	10 A.	Inicio	EUR -10.61	-3.36	+4.21	+6.17	498.47 Registro de dividendos |
| --- |
| Fecha de	Fecha	Dividendo por	Rendimiento a 12 meses registro	ex-dividendo		participación |
| Abril 2019	04/04/2019	05/04/2019	5.07	1.31 |
| Abril 2020	02/04/2020	03/04/2020	5.70	1.82 |
| Abril 2021	05/04/2021	06/04/2021	4.43	1.16 |
| Abril 2022	01/04/2022	04/04/2022	1.77	0.43 |
| Rendimiento a 12 meses = (Suma de dividendos) / (Valor liquidativo de cierre). El rendimiento a 12 meses se calcula mediante la suma de las distribuciones de los 12 últimos meses y del valor liquidativo más reciente. El rendimiento a 12 meses puede ser mayor o menor que el rendimiento real de los dividendos anuales. Un rendimiento de distribución positivo no implica una rentabilidad positiva. Los dividendos no están garantizados. Los dividendos pasados no son un indicador de los dividendos futuros. Los inversores no deben adoptar ninguna decisión de inversión basándose únicamente en la información contenida en la tabla anterior. Debe leer el documento de oferta pertinente (incluida la declaración de datos fundamentales) del fondo para obtener más información, incluidos los factores de riesgo. Riesgo y rentabilidad Evolución de la rentabilidad (EUR) 120 100 80 60 31/10/19	30/04/20	31/10/20	30/04/21	31/10/21	30/04/22 31/10/22 |
| Fondo* (-28.59%) |  |
| Datos ajustados a base 100 por AXA IM en la fecha de inicio del gráfico. Los cálculos de rentabilidad son netos de comisiones y se basan en la reinversión de dividendos. El índice de referencia, cuando lo haya, podría calcularse sobre la base del dividendo neto o bruto. Consulte el folleto para obtener más información. |

Fondo
Número de líneas	31
Rotación anual (%)	34

## Perfil del fondo
Calificación ESG	
% del patrimonio del fondo cubierto por la calificación absoluta ESG: Fondo = 99.2% (no es significativo cuando la cobertura es inferior al 50 %)
| Riesgo y rentabilidad  (continuación) |  |
| --- | --- |
| Análisis del riesgo |
|  | 1A | 3 A | 5A | Inicio |
| Volatilidad del fondo* (%) | 21.83 | 22.54 | 19.16 | 14.95 |
| Ratio de Sharpe | -1.44 | -0.38 | -0.07 | 0.51 |


## Rentabilidad acumulada (%)
|  | 1M | 3M | 6M | YTD | 3 A | 5A | 31/10/21 31/10/22 | 31/10/20 31/10/21 | 31/10/19 31/10/20 | 31/10/18 31/10/19 | 31/10/17 31/10/18 | Inicio |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo* | 2.76 | -20.15 | -27.97 | -33.79 | -28.59 | -15.71 | -33.38 | 28.85 | -16.81 | 14.08 | 3.47 | 756.70 |

Rentabilidad anual (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo* | 11.80 | -5.34 | 23.45 | -6.93 | 17.43 | 1.73 | 15.40 | 23.61 | 7.97 | 25.07 |

Las rentabilidades pasadas no son un indicador fiable de resultados futuros. Los cálculos de rentabilidad son netos de comisiones y se basan en la reinversión de dividendos. El índice de referencia, cuando lo haya, podría calcularse sobre la base del dividendo neto o bruto. Consulte el folleto para obtener más información.
| Análisis del fondo |  |
| --- | --- |
| 10 principales posiciones |
| Compañía | Ponderación (%) | Sector | Geografía |
| LEG Immobilien SE | 9.45 | Bienes Inmobiliarios | Alemania |
| Gecina SA | 7.28 | Bienes Inmobiliarios | Francia |
| Klepierre SA | 6.83 | Bienes Inmobiliarios | Francia |
| Aedifica SA | 6.11 | Bienes Inmobiliarios | Bélgica |
| Unibail-Rodamco-Westfield | 4.88 | Bienes Inmobiliarios | Francia |
| Vonovia SE | 4.77 | Bienes Inmobiliarios | Alemania |
| Warehouses De Pauw Sca | 4.74 | Bienes Inmobiliarios | Bélgica |
| Cofinimmo SA | 4.46 | Bienes Inmobiliarios | Bélgica |
| Covivio | 4.44 | Bienes Inmobiliarios | Francia |
| Merlin Properties Socimi SA | 4.27 | Bienes Inmobiliarios | España |
| Total (%) | 57.23 |  |  |

Las empresas se muestran exclusivamente a título ilustrativo a la fecha de este informe y es posible que posteriormente no formen parte de la cartera. No deberá considerarse una recomendación de comprar o vender valores.
| Exposición sectorial (%) |  |  | Exposición geográfica (%) |  |
| --- | --- | --- | --- | --- |
|  | Fondo |  |  | Fondo |
| Bienes Inmobiliarios | 98.96 |  | Francia | 35.60 |
| Info. Tecno. | 0.04 |  | Bélgica | 22.53 |
| Liquidez | 1.00 |  | Alemania | 19.42 |
|  |  |  | España | 7.51 |
|  |  |  | Estados Unidos | 4.77 |
|  |  |  | Finlandia | 4.12 |
|  |  |  | Reino Unido | 1.60 |
|  |  |  | Países Bajos | 1.58 |
|  |  |  | Japón | 0.48 |
|  |  |  | Australia | 0.47 |
|  |  |  | Singapur | 0.35 |
|  |  |  | Hong-Kong | 0.35 |
|  |  |  | Otros | 0.21 |
|  |  |  | Liquidez | 1.00 |
| Desglose de la capitalización bursátil (EUR - | %) |  |  |  |

36
33
30
27
24
21
18
15
12
9
6
3
0	De 250 mill. a
500 mill.
De 500 mill. a 1000 mill.
De 1000 mill. a 3000 mill.
De 3000 mill. a 5000 mill.
De 5000 mill. a 10 000 mill.
De 10 000 mill.
a 25 000 mill.
De 25 000 mill.
a 100 000 mill.
Liquidez
Fondo	1.52	5.55	27.69	31.71	22.80	7.68	2.05	1.00