# Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 98.1% (not meaningful for coverage below 50%)
| Key Figures (USD)* Fund Cumulative Performance (%)	Current NAV YTD	1Y	3Y	10Y	Launch	Inc. -5.37	-4.47	+0.51	-	+14.78	91.16 Fund Annualized Performance (%)	Assets Under Management (M) 3 Y.	5 Y.	10 Y.	Launch		USD +0.17	+1.51	-	+2.09	3 549.32 Dividend Record Record Date	Ex-Date	Dividend per Share	12 month Yield (%) Jul 2022	28/07/2022	29/07/2022	0.28	3.52 Aug 2022	30/08/2022	31/08/2022	0.28	3.62 Sep 2022	29/09/2022	30/09/2022	0.29	3.77 Oct 2022	28/10/2022	31/10/2022	0.29	3.72 Nov 2022	29/11/2022	30/11/2022	0.31	3.73 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 (USD) |
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| 29/11/19 | 30/05/20 | 30/11/20 | 30/05/21 | 30/11/21 | 30/05/22 | 30/11/22 |
| Portfolio* (0.51%) |
| 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* (%) | 6.69 | 6.61 | 5.29 | 4.64 |
| Sharpe Ratio | -0.69 | 0.11 | 0.28 | 0.47 |
| Rolling Performance (%) |  |  |  |  |
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 30/11/21 30/11/22 | 30/11/20 30/11/21 | 30/11/19 30/11/20 | 30/11/18 30/11/19 | 30/11/17 30/11/18 | Launch |
| Portfolio* | 0.57 | 0.48 | -1.97 | -5.37 | 0.51 | 7.80 | -4.47 | 2.08 | 3.07 | 5.56 | 1.61 | 14.78 |
| Annual Calendar Performance (%) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Portfolio* | 2.50 | 3.08 | 7.19 | 0.50 | 2.74 | - | - | - | - | - |

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 (%) | 1.36 |  | Option Adjusted Spread | 377 |
| Number of Holdings | 182 |  | Average Coupon (%) | 5.73 |
| Number of Issuers | 119 |  | Current yield (%) | 6.02 |
| Years to Maturity | 3.20 |  | Yield To Worst (%) | 7.65 |
| Modified duration to worst | 2.68 |  | Yield to maturity (%) | 7.65 |

| Sector Breakdown (%) |  |
| --- | --- |
|  | Portfolio |
| Services | 17.51 |
| Media | 9.47 |
| Real Estate | 8.08 |
| Capital Goods | 8.07 |
| Consumer Goods | 8.00 |
| Technology & Electronics | 6.58 |
| Basic Industry | 6.24 |
| Healthcare | 6.17 |
| Retail | 5.98 |
| Leisure | 5.60 |
| Financial Services | 5.16 |
| Energy | 4.85 |
| Telecommunications | 4.20 |
| Transportation | 1.06 |
| Automotive | 1.01 |
| Insurance | 0.67 |
| Cash | 1.36 |
| Modified Duration to Worst Breakdown (%) |  |

56
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| 0 | Cash | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portfolio | 1.36 | 3.29 | 52.59 | 42.76 |

Translation (ENES, 2022-11-30):
# Perfil del fondo
Calificación ESG	
% del patrimonio del fondo cubierto por la calificación absoluta ESG: Fondo = 98.1% (no es significativo cuando la cobertura es inferior al 50 %)
| Cifras clave (USD)* Rentabilidad acumulada del fondo (%)	Valor liquidativo YTD	1A	3 A	10A	Inicio	Inc. -5.37	-4.47	+0.51	-	+14.78	91.16 Rentabilidad anualizada del fondo (%)	Activos netos (M) 3 A.	5 A.	10 A.	Inicio	USD +0.17	+1.51	-	+2.09	3 549.32 Registro de dividendos Fecha de	Fecha	Dividendo por	Rendimiento a 12 meses registro	ex-dividendo		participación Jul 2022	28/07/2022	29/07/2022	0.28	3.52 Agosto 2022	30/08/2022	31/08/2022	0.28	3.62 Sep 2022	29/09/2022	30/09/2022	0.29	3.77 Oct 2022	28/10/2022	31/10/2022	0.29	3.72 Nov 2022	29/11/2022	30/11/2022	0.31	3.73 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. Tenga en cuenta que un rendimiento de distribución positivo no implica una rentabilidad positiva. 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 (USD) |
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| 88 |
| 29/11/19 | 30/05/20 | 30/11/20 | 30/05/21 | 30/11/21 | 30/05/22 | 30/11/22 |
| Fondo* (0.51%) |
| Datos ajustados a base 100 por AXA IM en la fecha de inicio del gráfico. 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 riesgo |  |
| --- | --- |
|  | 1A | 3 A | 5A | Inicio |
| Volatilidad del fondo* (%) | 6.69 | 6.61 | 5.29 | 4.64 |
| Ratio de Sharpe | -0.69 | 0.11 | 0.28 | 0.47 |
| Rentabilidad acumulada (%) |  |  |  |  |
|  | 1M | 3M | 6M | YTD | 3 A | 5A | 30/11/21 30/11/22 | 30/11/20 30/11/21 | 30/11/19 30/11/20 | 30/11/18 30/11/19 | 30/11/17 30/11/18 | Inicio |
| Fondo* | 0.57 | 0.48 | -1.97 | -5.37 | 0.51 | 7.80 | -4.47 | 2.08 | 3.07 | 5.56 | 1.61 | 14.78 |
| Rentabilidad anual (%) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Fondo* | 2.50 | 3.08 | 7.19 | 0.50 | 2.74 | - | - | - | - | - |

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 |  |
| --- | --- |
| Detalle del Fondo |
|  | Fondo |  |  | Fondo |
| Liquidez (%) | 1.36 |  | Diferencial ajustado por opciones | 377 |
| Número de líneas | 182 |  | Cupón medio (%) | 5.73 |
| Número de emisores | 119 |  | Rentabilidad corriente (%) | 6.02 |
| Años hasta vencimiento | 3.20 |  | Yield to worst (%) | 7.65 |
| Modified duration to worst | 2.68 |  | Rendimiento al vencimiento (%) | 7.65 |

| Exposición sectorial (%) |  |
| --- | --- |
|  | Fondo |
| Servicios | 17.51 |
| Medios | 9.47 |
| Bienes inmuebles | 8.08 |
| B. Equip | 8.07 |
| Consumo | 8.00 |
| Tecnolog. & electrónica | 6.58 |
| Ind. básica | 6.24 |
| Cuidado médico | 6.17 |
| Comercio minorista | 5.98 |
| Ocio | 5.60 |
| Servicios financieros | 5.16 |
| Energía | 4.85 |
| Telecom. | 4.20 |
| Transporte | 1.06 |
| Automoción | 1.01 |
| Seguros | 0.67 |
| Liquidez | 1.36 |
| Composición de la Duración Modificada to Worst (%) |  |

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| 0 | Liquidez | 0-1 | 1-3 | 3-5 |
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| Fondo | 1.36 | 3.29 | 52.59 | 42.76 |