# Performance & Risk
## Performance Evolution (EUR)
CO2 Relative rating
% of AUM covered by ESG absolute rating: Portfolio = 97.5% Benchmark = 99.1% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 97.5% Benchmark = 99.3% (not meaningful for coverage below 50%)
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160
140
120
100
80
60
30/08/19
29/02/20
31/08/20
28/02/21
31/08/21
28/02/22 31/08/22
Portfolio* (28.63%)	Benchmark (27.19%)
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.
| Performance & Risk  (Continued) Risk Analysis |  |
| --- | --- |
|  | 1Y | 3Y | 5Y | Launch |
| Portfolio Volatility* (%) | 20.84 | 15.00 | 13.62 | 12.65 |
| Benchmark Volatility (%) | 19.76 | 15.28 | 13.64 | 12.91 |
| Relative Risk/Tracking Error  (%) | 2.82 | 2.48 | 2.46 | 2.31 |
| Sharpe Ratio | -0.29 | 0.73 | 0.81 | 0.77 |
| Information Ratio | 0.87 | 0.94 | 0.82 | 0.21 |
| Rolling Performance (%) |  |  |  |  |
| 1M	3M	6M	YTD	3Y	5Y	31/08/21	31/08/20	31/08/19	31/08/18	31/08/17	Launch |
|  |  |  |  |  |  |  | 31/08/22 | 31/08/21 | 31/08/20 | 31/08/19 | 31/08/18 |  |
| Portfolio* | -4.52 | -1.44 | -4.75 | -13.88 | 28.63 | 52.66 | -8.29 | 26.53 | 10.84 | 7.04 | 10.88 | 385.61 |
| Benchmark | -4.85 | -1.74 | -4.98 | -13.86 | 27.19 | 51.96 | -9.11 | 30.26 | 7.44 | 7.99 | 10.63 | 508.25 |
| Excess Return | 0.33 | 0.30 | 0.22 | -0.02 | 1.43 | 0.70 | 0.83 | -3.73 | 3.40 | -0.95 | 0.25 | -122.64 |


## Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 25.98 | 7.96 | 36.23 | -7.72 | 15.22 | 4.39 | 13.03 | 11.10 | 20.34 | 16.73 |
| Benchmark | 28.29 | 5.79 | 36.84 | -9.00 | 14.90 | 4.41 | 18.93 | 14.74 | 25.52 | 16.94 |
| Excess Return | -2.31 | 2.18 | -0.61 | 1.28 | 0.33 | -0.02 | -5.90 | -3.64 | -5.18 | -0.21 |

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 |  |  |
| Nestle SA | 9.37 | 10.48 | -1.11 | Consumer Staples | Switzerland |
| Roche Holding AG | 9.29 | 9.50 | -0.21 | Health Care | Switzerland |
| Novartis AG | 6.77 | 6.18 | 0.58 | Health Care | Switzerland |
| Ubs Group AG | 5.08 | 1.67 | 3.41 | Financials | Switzerland |
| Zurich Insurance Group AG | 5.00 | 2.12 | 2.88 | Financials | Switzerland |
| Julius Baer Group Ltd | 4.94 | 2.42 | 2.51 | Financials | Switzerland |
| Straumann Holding Ag-reg | 4.31 | 2.81 | 1.49 | Health Care | Germany |
| Sig Group AG | 4.19 | 1.84 | 2.34 | Industrials | Switzerland |
| ABB Ltd | 3.95 | 1.42 | 2.53 | Industrials | Switzerland |
| Barry Callebaut AG | 3.67 | 1.65 | 2.02 | Consumer Staples | Switzerland |
| Total (%) | 56.57 | 40.12 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Ubs Group AG | 5.08 | 1.67 | 3.41 |  | Lindt | 1.52 | 5.22 | -3.70 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Zurich Insurance Group AG | 5.00 | 2.12 | 2.88 |  | Schindler Holding AG | 0.00 | 2.39 | -2.39 |
| ABB Ltd | 3.95 | 1.42 | 2.53 |  | Swatch Group AG | 0.00 | 2.16 | -2.16 |
| Julius Baer Group Ltd | 4.94 | 2.42 | 2.51 |  | Kuehne + Nagel International AG | 1.23 | 2.97 | -1.73 |
| Sig Group AG | 4.19 | 1.84 | 2.34 |  | Baloise Holding AG | 0.00 | 1.50 | -1.50 |
| Sector Breakdown (%) |  |  |  |  | Active Exposure by Sector (%) |  |  |  |

Portfolio	Benchmark
Health Care	29.70	24.92
Industrials	20.74	22.92
Financials	18.59	14.66
Consumer Staples	14.56	19.16
Technology	3.51	2.85
Consumer Discretionary	3.11	5.04
Basic Materials	3.10	2.83
Real Estate	1.85	3.78
Telecommunications	1.55	3.29
Utilities	0.78	0.54
Cash	2.51	0.00
-5	-4	-3	-2	-1	0	1	2	3	4	5
MarketCap Breakdown (CHF - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	500mn To
1bn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	-	3.99	7.53	14.45	14.53	31.56	6.77	18.66	2.51
Bench.	0.54	10.35	10.23	13.17	15.58	23.96	6.18	19.99	-

Translation (ENDE, 2022-08-31):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)
Relative CO2-Intensität
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 97.5% Benchmark = 99.1% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 97.5% Benchmark = 99.3% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
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160
140
120
100
80
60
30/08/19
29/02/20
31/08/20
28/02/21
31/08/21
28/02/22 31/08/22
Portfolio* (28.63%)	Benchmark (27.19%)
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 berechnet sein. Weitere Informationen entnehmen Sie bitte dem Fondsprospekt.
| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 20.84 | 15.00 | 13.62 | 12.65 |
| Benchmark Volatilität (%) | 19.76 | 15.28 | 13.64 | 12.91 |
| Relatives Risiko/Tracking Error  (%) | 2.82 | 2.48 | 2.46 | 2.31 |
| Sharpe Ratio | -0.29 | 0.73 | 0.81 | 0.77 |
| Information Ratio | 0.87 | 0.94 | 0.82 | 0.21 |
| Wertentwicklung (Brutto, Netto in %) |  |  |  |  |

30
20
10
0
-10
|  | 31/08/2017 - | 31/08/2018 - | 31/08/2019 - | 31/08/2020 - | 31/08/2021 - |  |
| --- | --- | --- | --- | --- | --- | --- |
| 31/08/2018 | 31/08/2019 | 31/08/2020 | 31/08/2021 | 31/08/2022 |  |
|  | Brutto-Wertentwicklung | 10.88 | 7.04 | 10.84 | 26.53 | -8.29 |  |
|  | Netto-Wertentwicklung | 5.10 | 7.04 | 10.84 | 26.53 | -8.29 |  |

-20
Berechnung nach BVI-Wertermittlungsstatistik (siehe Erläuterung unter 'Wichtige Hinweise')

## Rollierende Wertentwicklung (%)
| 1M	3M	6M	YTD	3J	5J	31/08/21 | 31/08/20 | 31/08/19 | 31/08/18 | 31/08/17	Auflage |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  | 31/08/22 | 31/08/21 | 31/08/20 | 31/08/19 | 31/08/18 |  |
| Portfolio* | -4.52 | -1.44 | -4.75 | -13.88 | 28.63 | 52.66 | -8.29 | 26.53 | 10.84 | 7.04 | 10.88 | 385.61 |
| Benchmark | -4.85 | -1.74 | -4.98 | -13.86 | 27.19 | 51.96 | -9.11 | 30.26 | 7.44 | 7.99 | 10.63 | 508.25 |
| Abstände | 0.33 | 0.30 | 0.22 | -0.02 | 1.43 | 0.70 | 0.83 | -3.73 | 3.40 | -0.95 | 0.25 | -122.64 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 25.98 | 7.96 | 36.23 | -7.72 | 15.22 | 4.39 | 13.03 | 11.10 | 20.34 | 16.73 |
| Benchmark | 28.29 | 5.79 | 36.84 | -9.00 | 14.90 | 4.41 | 18.93 | 14.74 | 25.52 | 16.94 |
| Abstände | -2.31 | 2.18 | -0.61 | 1.28 | 0.33 | -0.02 | -5.90 | -3.64 | -5.18 | -0.21 |

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.
| Top 10 Positionen |  |
| --- | --- |
| Aktie |  |  | Gewichtung (%) | Sektor | Land |
|  | Portfolio | Benchmark | Relative |  |  |
| Nestle SA | 9.37 | 10.48 | -1.11 | Basiskonsumgüter | Schweiz |
| Roche Holding AG | 9.29 | 9.50 | -0.21 | Gesundheitswesen | Schweiz |
| Novartis AG | 6.77 | 6.18 | 0.58 | Gesundheitswesen | Schweiz |
| Ubs Group AG | 5.08 | 1.67 | 3.41 | Finanz-Dienstleistungen | Schweiz |
| Zurich Insurance Group AG | 5.00 | 2.12 | 2.88 | Finanz-Dienstleistungen | Schweiz |
| Julius Baer Group Ltd | 4.94 | 2.42 | 2.51 | Finanz-Dienstleistungen | Schweiz |
| Straumann Holding Ag-reg | 4.31 | 2.81 | 1.49 | Gesundheitswesen | Deutschland |
| Sig Group AG | 4.19 | 1.84 | 2.34 | Industrieunternehmen | Schweiz |
| ABB Ltd | 3.95 | 1.42 | 2.53 | Industrieunternehmen | Schweiz |
| Barry Callebaut AG | 3.67 | 1.65 | 2.02 | Basiskonsumgüter | Schweiz |
| Summe (%) | 56.57 | 40.12 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Ubs Group AG | 5.08 | 1.67 | 3.41 |  | Lindt | 1.52 | 5.22 | -3.70 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Zurich Insurance Group AG | 5.00 | 2.12 | 2.88 |  | Schindler Holding AG | 0.00 | 2.39 | -2.39 |
| ABB Ltd | 3.95 | 1.42 | 2.53 |  | Swatch Group AG | 0.00 | 2.16 | -2.16 |
| Julius Baer Group Ltd | 4.94 | 2.42 | 2.51 |  | Kuehne + Nagel International AG | 1.23 | 2.97 | -1.73 |
| Sig Group AG | 4.19 | 1.84 | 2.34 |  | Baloise Holding AG | 0.00 | 1.50 | -1.50 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-5	-4	-3	-2	-1	0	1	2	3	4	5
Gesundheitswesen	29.70	24.92
Industrieunternehmen	20.74	22.92
Finanz-Dienstleistungen	18.59	14.66
Basiskonsumgüter	14.56	19.16
Technologie	3.51	2.85
Verbrauchsgüter	3.11	5.04
Grundstoffe	3.10	2.83
Immobilien	1.85	3.78
Telekommunikation	1.55	3.29
Versorger	0.78	0.54
Liquide Mittel	2.51	0.00

## Aufgliederung nach Marktkapitalisierung (CHF - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	Von 500 Mio
bis 1 Mrd
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.	-	3.99	7.53	14.45	14.53	31.56	6.77	18.66	2.51
Bench.	0.54	10.35	10.23	13.17	15.58	23.96	6.18	19.99	-