# Performance & Risk
## Performance Evolution (USD)

## Fund Profile
ESG Rating
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200
175
150
125
100
75
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
ESG Relative Rating
CO2 Relative rating
Portfolio* (57.91%)	Benchmark (62.81%)
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
% of AUM covered by ESG absolute rating: Portfolio = 99.8% Benchmark = 100.0% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 99.8% Benchmark = 99.8% (not meaningful for
| basis of net or gross dividend. Please refer to the Risk Analysis | prospectus for more information. |  |  | coverage below 50%) |
| --- | --- | --- | --- | --- |
|  | 1Y | 3Y | 5Y | Launch |  |
| Portfolio Volatility* (%) | 14.71 | 17.47 | 15.70 | 14.58 |  |
| Benchmark Volatility (%) | 14.91 | 17.72 | 15.75 | 14.64 |  |
| Relative Risk/Tracking Error  (%) | 1.25 | 1.20 | 1.14 | 1.21 |  |
| Sharpe Ratio | 1.03 | 0.94 | 0.84 | 0.99 |  |
| Information Ratio | -0.28 | -0.15 | 0.04 | 0.07 |  |


## 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* | -3.18 | -4.40 | -3.16 | -8.35 | 57.91 | 89.19 | 14.54 | 31.07 | 5.18 | 3.04 | 16.28 | 474.67 |
| Benchmark | -3.04 | -3.99 | -2.82 | -8.08 | 62.81 | 97.21 | 15.90 | 30.60 | 7.56 | 4.05 | 16.41 | 536.49 |
| Excess Return | -0.14 | -0.41 | -0.34 | -0.27 | -4.90 | -8.02 | -1.36 | 0.47 | -2.38 | -1.01 | -0.13 | -61.82 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 27.58 | 17.74 | 28.03 | -5.96 | 20.20 | 9.67 | -1.70 | 11.95 | 34.42 | 15.23 |
| Benchmark | 28.16 | 17.75 | 30.70 | -4.94 | 21.10 | 11.23 | 0.75 | 12.99 | 31.55 | 15.22 |
| Excess Return | -0.58 | -0.01 | -2.67 | -1.02 | -0.91 | -1.56 | -2.45 | -1.04 | 2.87 | 0.02 |

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 |
|  | Portfolio | Benchmark | Relative |  |  |
| Apple Inc | 7.13 | 6.95 | 0.18 | Information Technology | United States |
| Microsoft Corp | 6.58 | 6.06 | 0.53 | Information Technology | United States |
| Alphabet Inc | 3.75 | 4.23 | -0.48 | Communication Services | United States |
| Amazon.com Inc | 3.16 | 3.62 | -0.46 | Consumer Discretionary | United States |
| Tesla Inc | 2.23 | 1.91 | 0.32 | Consumer Discretionary | United States |
| Berkshire Hathaway Inc | 1.51 | 1.59 | -0.08 | Financials | United States |
| Verizon Communications Inc | 1.43 | 0.60 | 0.83 | Communication Services | United States |
| NVIDIA Corp | 1.26 | 1.65 | -0.39 | Information Technology | United States |
| Lowe's Cos Inc | 1.13 | 0.41 | 0.71 | Consumer Discretionary | United States |
| Visa Inc | 1.12 | 0.98 | 0.14 | Information Technology | United States |
| Total (%) | 29.29 | 27.99 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Verizon Communications Inc | 1.43 | 0.60 | 0.83 |  | Exxon Mobil Corp | 0.00 | 0.90 | -0.90 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Oracle Corp | 1.09 | 0.33 | 0.76 |  | Alphabet Inc | 3.75 | 4.23 | -0.48 |
| Lowe's Cos Inc | 1.13 | 0.41 | 0.71 |  | Amazon.com Inc | 3.16 | 3.62 | -0.46 |
| ServiceNow Inc | 0.97 | 0.31 | 0.66 |  | Philip Morris International Inc | 0.00 | 0.42 | -0.42 |
| Vertex Pharmaceuticals Inc | 0.78 | 0.16 | 0.62 |  | Raytheon Technologies Corp | 0.00 | 0.41 | -0.41 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-2	-1	0	1	2	3
|  |  |  |
| --- | --- | --- |
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|  |
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Information Technology	28.79	28.09
Health Care	15.28	13.32
Financials	14.45	11.46
Consumer Discretionary	12.10	11.83
Communication Services	9.74	9.64
Industrials	6.76	8.01
Consumer Staples	5.86	6.21
Energy	2.26	3.68
Materials	2.16	2.56
Utilities	1.32	2.57
Real Estate	1.06	2.62
Cash	0.21	0.00
MarketCap Breakdown (USD - %)
44
40
36
32
28
24
20
16
12
8
4
0	5bn To 10bn	10bn To 25bn	25bn To 100bn	100bn To 250bn	More Than 250bn	Cash
Port.	0.68	16.18	20.77	25.07	37.08	0.21
Bench.	0.43	7.67	25.95	25.65	40.31	-

Translation (ENDE, 2022-02-28):
# Wertentwicklung & Risiken
Wertentwicklung (USD)

## Fonds-Profile
ESG-Rating
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200
175
150
125
100
75
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
Relatives ESG Rating
Relative CO2-Intensität
Portfolio* (57.91%)	Benchmark (62.81%)
Die Daten von AXA IM sind auf der Basis von 100 zum Anfangsdatum der Grafik angegeben.
Die Wertentwicklung in der Vergangenheit ist kein zuverlässiger Indikator für zukünftige Ergebnisse. Performanceberechnungen verstehen sich nach Abzug von Gebühren, bei Wiederanlage von Dividenden. Sofern eine Benchmark angegeben ist, könnte sie auf der Basis von Netto- oder Bruttodividenden
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 99.8% Benchmark = 100.0% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 99.8%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 99.8% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 14.71 | 17.47 | 15.70 | 14.58 |  |
| Benchmark Volatilität (%) | 14.91 | 17.72 | 15.75 | 14.64 |  |
| Relatives Risiko/Tracking Error  (%) | 1.25 | 1.20 | 1.14 | 1.21 |  |
| Sharpe Ratio | 1.03 | 0.94 | 0.84 | 0.99 |  |
| Information Ratio | -0.28 | -0.15 | 0.04 | 0.07 |  |


## Wertentwicklung (Brutto, Netto in %)
40
30
20
10
0	28/02/2017 -
28/02/2018
28/02/2018 -
28/02/2019
28/02/2019 -
28/02/2020
28/02/2020 -
28/02/2021
28/02/2021 -
28/02/2022
Brutto-Wertentwicklung	16.28	3.04	5.18	31.07	14.54
Netto-Wertentwicklung	11.27	3.04	5.18	31.07	14.54
Berechnung nach BVI-Wertermittlungsstatistik (siehe Erläuterung unter 'Wichtige Hinweise')

## Rollierende Wertentwicklung (%)
| 1M	3M	6M	YTD	3J	5J	28/02/21 | 28/02/20 | 28/02/19 | 28/02/18 | 28/02/17	Auflage |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  | 28/02/22 | 28/02/21 | 29/02/20 | 28/02/19 | 28/02/18 |  |
| Portfolio* | -3.18 | -4.40 | -3.16 | -8.35 | 57.91 | 89.19 | 14.54 | 31.07 | 5.18 | 3.04 | 16.28 | 474.67 |
| Benchmark | -3.04 | -3.99 | -2.82 | -8.08 | 62.81 | 97.21 | 15.90 | 30.60 | 7.56 | 4.05 | 16.41 | 536.49 |
| Abstände | -0.14 | -0.41 | -0.34 | -0.27 | -4.90 | -8.02 | -1.36 | 0.47 | -2.38 | -1.01 | -0.13 | -61.82 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 27.58 | 17.74 | 28.03 | -5.96 | 20.20 | 9.67 | -1.70 | 11.95 | 34.42 | 15.23 |
| Benchmark | 28.16 | 17.75 | 30.70 | -4.94 | 21.10 | 11.23 | 0.75 | 12.99 | 31.55 | 15.22 |
| Abstände | -0.58 | -0.01 | -2.67 | -1.02 | -0.91 | -1.56 | -2.45 | -1.04 | 2.87 | 0.02 |

Die Wertentwicklung in der Vergangenheit ist kein zuverlässiger Indikator für zukünftige Ergebnisse. Performanceberechnungen verstehen sich nach Abzug von Gebühren, bei Wiederanlage von Dividenden. Sofern eine Benchmark angegeben ist, könnte sie auf der Basis von Netto- oder Bruttodividenden berechnet sein. Weitere Informationen entnehmen Sie bitte dem Fondsprospekt.
| Portfolioanalyse |  |
| --- | --- |
| Top 10 Positionen |
| Aktie |  |  | Gewichtung (%) | Sektor | Land |
|  | Portfolio | Benchmark | Relative |  |  |
| Apple Inc | 7.13 | 6.95 | 0.18 | Informatik | Vereinigten Staaten |
| Microsoft Corp | 6.58 | 6.06 | 0.53 | Informatik | Vereinigten Staaten |
| Alphabet Inc | 3.75 | 4.23 | -0.48 | Kommunikationsdienste | Vereinigten Staaten |
| Amazon.com Inc | 3.16 | 3.62 | -0.46 | Dauerh. Konsumg. | Vereinigten Staaten |
| Tesla Inc | 2.23 | 1.91 | 0.32 | Dauerh. Konsumg. | Vereinigten Staaten |
| Berkshire Hathaway Inc | 1.51 | 1.59 | -0.08 | Finanzen | Vereinigten Staaten |
| Verizon Communications Inc | 1.43 | 0.60 | 0.83 | Kommunikationsdienste | Vereinigten Staaten |
| NVIDIA Corp | 1.26 | 1.65 | -0.39 | Informatik | Vereinigten Staaten |
| Lowe's Cos Inc | 1.13 | 0.41 | 0.71 | Dauerh. Konsumg. | Vereinigten Staaten |
| Visa Inc | 1.12 | 0.98 | 0.14 | Informatik | Vereinigten Staaten |
| Summe (%) | 29.29 | 27.99 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Verizon Communications Inc | 1.43 | 0.60 | 0.83 |  | Exxon Mobil Corp | 0.00 | 0.90 | -0.90 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Oracle Corp | 1.09 | 0.33 | 0.76 |  | Alphabet Inc | 3.75 | 4.23 | -0.48 |
| Lowe's Cos Inc | 1.13 | 0.41 | 0.71 |  | Amazon.com Inc | 3.16 | 3.62 | -0.46 |
| ServiceNow Inc | 0.97 | 0.31 | 0.66 |  | Philip Morris International Inc | 0.00 | 0.42 | -0.42 |
| Vertex Pharmaceuticals Inc | 0.78 | 0.16 | 0.62 |  | Raytheon Technologies Corp | 0.00 | 0.41 | -0.41 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-2	-1	0	1	2	3
|  |  |  |
| --- | --- | --- |
|  |
|  |  |
|  |
|  |  |  |

Informatik	28.79	28.09
Gesundheit	15.28	13.32
Finanzen	14.45	11.46
Dauerh. Konsumg.	12.10	11.83
Kommunikationsdienste	9.74	9.64
Industrieunternehmen	6.76	8.01
Kurzleb. Konsumg.	5.86	6.21
Energie	2.26	3.68
Werkstoffe	2.16	2.56
Öffentliche Dienste	1.32	2.57
Immobilien	1.06	2.62
Liquide Mittel	0.21	0.00

## Aufgliederung nach Marktkapitalisierung (USD - %)
44
40
36
32
28
24
20
16
12
8
4
0	Von 5 bis 10 Mrd	Von 10 bis 25 Mrd	Von 25 bis 100 Mrd	Von 100 bis 250 Mrd	Mehr als 250 Mrd.	Liquide Mittel
Port.	0.68	16.18	20.77	25.07	37.08	0.21
Bench.	0.43	7.67	25.95	25.65	40.31	-