# Performance & Risk
## Performance Evolution (USD)
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## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
28/02/19	28/08/19	28/02/20	28/08/20	28/02/21	28/08/21 28/02/22
Portfolio* (81.62%)	Benchmark (71.48%)
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 = 98.4% Benchmark = 100.0% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 97.7% 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* (%) | 17.07 | 18.81 | 17.40 | 15.27 |  |
| Benchmark Volatility (%) | 12.92 | 17.74 | 16.26 | 14.40 |  |
| Relative Risk/Tracking Error  (%) | 7.20 | 5.38 | 4.59 | 4.42 |  |
| Sharpe Ratio | 0.67 | 1.17 | 1.13 | 1.02 |  |
| Information Ratio | -0.56 | 0.66 | 0.63 | 0.03 |  |


## 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* | -1.50 | -6.82 | -6.84 | -10.09 | 81.62 | 147.43 | 10.69 | 46.52 | 11.98 | 8.75 | 25.27 | 486.17 |
| Benchmark | -3.04 | -3.99 | -2.82 | -8.08 | 71.48 | 130.57 | 15.90 | 30.60 | 13.28 | 6.62 | 26.11 | 547.08 |
| Excess Return | 1.54 | -2.83 | -4.02 | -2.01 | 10.14 | 16.86 | -5.21 | 15.92 | -1.30 | 2.13 | -0.84 | -60.91 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 25.10 | 36.98 | 35.50 | -0.27 | 29.46 | -2.24 | 4.28 | 9.69 | 31.22 | 14.08 |
| Benchmark | 28.16 | 20.48 | 36.39 | -1.51 | 30.21 | 7.08 | 5.67 | 13.05 | 33.48 | 15.26 |
| Excess Return | -3.06 | 16.50 | -0.89 | 1.24 | -0.75 | -9.32 | -1.39 | -3.36 | -2.27 | -1.18 |

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 |  |  |
| Microsoft Corp | 6.15 | 6.06 | 0.10 | Information Technology | USA |
| Apple Inc | 6.05 | 6.95 | -0.90 | Information Technology | USA |
| Amazon.com Inc | 4.47 | 3.62 | 0.85 | Consumer Discretionary | USA |
| Alphabet Inc | 4.46 | 4.23 | 0.23 | Communication Services | USA |
| American Express Co | 2.20 | 0.33 | 1.87 | Financials | USA |
| UnitedHealth Group Inc | 1.88 | 1.21 | 0.67 | Health Care | USA |
| EOG Resources Inc | 1.76 | 0.18 | 1.58 | Energy | USA |
| NVIDIA Corp | 1.70 | 1.65 | 0.05 | Information Technology | USA |
| Visa Inc | 1.57 | 0.98 | 0.59 | Information Technology | USA |
| Costco Wholesale Corp | 1.53 | 0.62 | 0.91 | Consumer Staples | USA |
| Total (%) | 31.78 | 25.81 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| American Express Co | 2.20 | 0.33 | 1.87 |  | Berkshire Hathaway Inc | 0.00 | 1.59 | -1.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| EOG Resources Inc | 1.76 | 0.18 | 1.58 |  | Johnson & Johnson | 0.00 | 1.17 | -1.17 |
| Workday Inc | 1.49 | 0.00 | 1.49 |  | JPMorgan Chase & Co | 0.00 | 1.13 | -1.13 |
| Palo Alto Networks Inc | 1.46 | 0.00 | 1.46 |  | Procter & Gamble Co | 0.00 | 1.02 | -1.02 |
| First Republic Bank | 1.48 | 0.08 | 1.40 |  | Apple Inc | 6.05 | 6.95 | -0.90 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-4	-3	-2	-1	0	1	2	3	4	5	6
Information Technology	30.63	28.09
Consumer Discretionary	17.33	11.83
Health Care	15.61	13.32
Industrials	9.52	8.01
Financials	7.50	11.46
Communication Services	7.23	9.64
Consumer Staples	4.87	6.21
Real Estate	2.77	2.62
Energy	1.76	3.68
Materials	1.19	2.56
Utilities	0.00	2.57
Cash	1.59	0.00
MarketCap Breakdown (USD - %)
44
40
36
32
28
24
20
16
12
8
4
0	0 To
250mn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	0.05	2.26	3.34	8.41	7.93	30.58	16.69	29.14	1.59
Bench.	-	-	-	0.43	7.67	25.95	25.65	40.31	-

Translation (ENDE, 2022-02-28):
# Wertentwicklung & Risiken
Wertentwicklung (USD)
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## Fonds-Profile
ESG-Rating
Relatives ESG Rating
Relative CO2-Intensität
28/02/19	28/08/19	28/02/20	28/08/20	28/02/21	28/08/21 28/02/22
Portfolio* (81.62%)	Benchmark (71.48%)
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 = 98.4% Benchmark = 100.0% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 97.7%
| 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* (%) | 17.07 | 18.81 | 17.40 | 15.27 |  |
| Benchmark Volatilität (%) | 12.92 | 17.74 | 16.26 | 14.40 |  |
| Relatives Risiko/Tracking Error  (%) | 7.20 | 5.38 | 4.59 | 4.42 |  |
| Sharpe Ratio | 0.67 | 1.17 | 1.13 | 1.02 |  |
| Information Ratio | -0.56 | 0.66 | 0.63 | 0.03 |  |


## Wertentwicklung (Brutto, Netto in %)
60
40
20
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	25.27	8.75	11.98	46.52	10.69
Netto-Wertentwicklung	22.82	8.75	11.98	46.52	10.69
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* | -1.50 | -6.82 | -6.84 | -10.09 | 81.62 | 147.43 | 10.69 | 46.52 | 11.98 | 8.75 | 25.27 | 486.17 |
| Benchmark | -3.04 | -3.99 | -2.82 | -8.08 | 71.48 | 130.57 | 15.90 | 30.60 | 13.28 | 6.62 | 26.11 | 547.08 |
| Abstände | 1.54 | -2.83 | -4.02 | -2.01 | 10.14 | 16.86 | -5.21 | 15.92 | -1.30 | 2.13 | -0.84 | -60.91 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 25.10 | 36.98 | 35.50 | -0.27 | 29.46 | -2.24 | 4.28 | 9.69 | 31.22 | 14.08 |
| Benchmark | 28.16 | 20.48 | 36.39 | -1.51 | 30.21 | 7.08 | 5.67 | 13.05 | 33.48 | 15.26 |
| Abstände | -3.06 | 16.50 | -0.89 | 1.24 | -0.75 | -9.32 | -1.39 | -3.36 | -2.27 | -1.18 |

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 |  |  |
| Microsoft Corp | 6.15 | 6.06 | 0.10 | Informatik | Vereinigten Staaten |
| Apple Inc | 6.05 | 6.95 | -0.90 | Informatik | Vereinigten Staaten |
| Amazon.com Inc | 4.47 | 3.62 | 0.85 | Dauerh. Konsumg. | Vereinigten Staaten |
| Alphabet Inc | 4.46 | 4.23 | 0.23 | Kommunikationsdienste | Vereinigten Staaten |
| American Express Co | 2.20 | 0.33 | 1.87 | Finanzen | Vereinigten Staaten |
| UnitedHealth Group Inc | 1.88 | 1.21 | 0.67 | Gesundheit | Vereinigten Staaten |
| EOG Resources Inc | 1.76 | 0.18 | 1.58 | Energie | Vereinigten Staaten |
| NVIDIA Corp | 1.70 | 1.65 | 0.05 | Informatik | Vereinigten Staaten |
| Visa Inc | 1.57 | 0.98 | 0.59 | Informatik | Vereinigten Staaten |
| Costco Wholesale Corp | 1.53 | 0.62 | 0.91 | Kurzleb. Konsumg. | Vereinigten Staaten |
| Summe (%) | 31.78 | 25.81 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| American Express Co | 2.20 | 0.33 | 1.87 |  | Berkshire Hathaway Inc | 0.00 | 1.59 | -1.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| EOG Resources Inc | 1.76 | 0.18 | 1.58 |  | Johnson & Johnson | 0.00 | 1.17 | -1.17 |
| Workday Inc | 1.49 | 0.00 | 1.49 |  | JPMorgan Chase & Co | 0.00 | 1.13 | -1.13 |
| Palo Alto Networks Inc | 1.46 | 0.00 | 1.46 |  | Procter & Gamble Co | 0.00 | 1.02 | -1.02 |
| First Republic Bank | 1.48 | 0.08 | 1.40 |  | Apple Inc | 6.05 | 6.95 | -0.90 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-4	-3	-2	-1	0	1	2	3	4	5	6
Informatik	30.63	28.09
Dauerh. Konsumg.	17.33	11.83
Gesundheit	15.61	13.32
Industrieunternehmen	9.52	8.01
Finanzen	7.50	11.46
Kommunikationsdienste	7.23	9.64
Kurzleb. Konsumg.	4.87	6.21
Immobilien	2.77	2.62
Energie	1.76	3.68
Werkstoffe	1.19	2.56
Öffentliche Dienste	0.00	2.57
Liquide Mittel	1.59	0.00

## Aufgliederung nach Marktkapitalisierung (USD - %)
44
40
36
32
28
24
20
16
12
8
4
0	Von 0 bis
250 Moi
Von 1 bis 3 Mrd
Von 3 bis 5 Mrd
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.	0.05	2.26	3.34	8.41	7.93	30.58	16.69	29.14	1.59
Bench.	-	-	-	0.43	7.67	25.95	25.65	40.31	-