# 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)	Risk analysis (rolling) (Source: Fund Admin)
| 175 |  |  | 1 year | 3 years | 5 years |
| --- | --- | --- | --- | --- | --- |
|  |  | Portfolio volatility | 25.22% | 22.66% | - |
| 150 |  | Benchmark volatility | 18.01% | 20.21% | - |

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### Portfolio (102.33)	Benchmark (121.32)

## 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 | -34.66% | 4.04% | -13.89% | -34.56% | -3.51% | - | 2.33% |
| Benchmark | -17.82% | 5.71% | -6.41% | -16.23% | 16.67% | - | 21.32% |
| Spread | -16.84% | -1.68% | -7.48% | -18.33% | -20.18% | - | -18.99% |
| Calendar year performance * (Source: Fund Admin) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 |
| Portfolio | 14.58% | 20.69% | - | - | - |
| Benchmark | 20.87% | 11.50% | - | - | - |
| Spread | -6.29% | 9.20% | - | - | - |

* 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.

### 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 25% per year.
| 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% |
|  |

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)	Indicadores de Riesgo (Fuente : Fund Admin)
| 175 |  |  | 1 año | 3 años | 5 años |
| --- | --- | --- | --- | --- | --- |
|  |  | Volatilidad de la cartera | 25,22% | 22,66% | - |
| 150 |  | Volatilidad del índice | 18,01% | 20,21% | - |

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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%.
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## Rentabilidades * (Fuente: Fund Admin)
Cartera (102,33)	Indice (121,32)
|  | 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 | -34,66% | 4,04% | -13,89% | -34,56% | -3,51% | - | 2,33% |
| Índice | -17,82% | 5,71% | -6,41% | -16,23% | 16,67% | - | 21,32% |
| Diferencia | -16,84% | -1,68% | -7,48% | -18,33% | -20,18% | - | -18,99% |
| Rentabilidades anuales * (Fuente: Fund Admin) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cartera | 14,58% | 20,69% | - | - | - |
| Índice | 20,87% | 11,50% | - | - | - |
| Diferencia | -6,29% | 9,20% | - | - | - |

* 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.