# Performance & Risk
Assets Under Management (M)
EUR

### 354.90
Number of Holdings	20
Number of Issuers	5
| Performance Evolution (EUR) |  |  |  |  | Fund Profile |
| --- | --- | --- | --- | --- | --- |
| 105 |  |  |  |  |  |  | ESG Rating |
| 102 |  |  |  |  |  |  |  |
| 99 |  |  |  |  |  |  |  |
| 96 |  |  |  |  |  |  | % of AUM covered by ESG absolute rating: Portfolio = |
| 93 |  |  |  |  |  |  | 97.8% (not meaningful for coverage below 50%) |
| 90 |  |  |  |  |  |  |  |
| 87 |  |  |  |  |  |  |  |
| 28/09/18 | 30/03/19 | 30/09/19 | 30/03/20 | 30/09/20 | 30/03/21 30/09/21 |  |  |

|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |

Portfolio* (2.65%)
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* (%) | 2.37 | 3.77 | - | 3.68 |
| Sharpe Ratio | 3.66 | 0.47 | - | 0.45 |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 30/09/20 30/09/21 | 30/09/19 30/09/20 | 30/09/18 30/09/19 | 30/09/17 30/09/18 | 30/09/16 30/09/17 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 1.01 | 2.69 | 3.34 | 6.30 | 2.65 | - | 7.77 | -1.81 | -3.00 | - | - | 2.39 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.00 | -0.08 | - | - | - | - | - | - | - | - |

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 |
| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| UK Gilt Inflation Linked 0.125% 08/10/2031 | 22.06 | United Kingdom | 9.9 | 2.19 |
| US Treasury Inflation Idx Bonds 3.375% 04/15/2032 | 9.14 | United States | 9.2 | 0.84 |
| German Inflation Linked Bond 0.5% 04/15/2030 | 8.00 | Germany | 8.6 | 0.68 |
| US Treasury Inflation Idx Bonds 0.125% 07/15/2031 | 6.66 | United States | 9.8 | 0.65 |
| US Treasury Inflation Idx Bonds 3.875% 04/15/2029 | 6.21 | United States | 6.7 | 0.42 |
| Italy (Republic of) 0.4% 05/15/2030 | 5.64 | Italy | 8.5 | 0.48 |
| Italy (Republic of) 1.25% 09/15/2032 | 5.46 | Italy | 10.4 | 0.57 |
| UK Gilt Inflation Linked 0.125% 03/22/2029 | 5.03 | United Kingdom | 7.6 | 0.38 |
| US Treasury Inflation Idx Bonds 0.125% 01/15/2031 | 4.88 | United States | 9.3 | 0.45 |
| France Government Bond OAT 0.1% 07/25/2031 | 4.48 | France | 9.9 | 0.44 |
| Total (%) | 77.55 |  |  |  |


## Sector Breakdown (%)	Contribution to duration by sector
Portfolio
Treasury	97.77
Cash	2.23
2.1
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |
|  |  |

1.8
1.5
1.2
0.9
0.6
0.3
0.0
Treasury
Port.	1.8
| Geographical Breakdown (%) |  |
| --- | --- |
|  | Portfolio |
| United States | 32.28 |
| United Kingdom | 32.07 |
| Italy | 11.43 |
| France | 11.35 |
| Germany | 10.64 |
| Cash | 2.23 |


## Contribution to Duration by Geography
0.7
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
|  |  |  |
|  |  |  |
|  |  |  |
|  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |

0.6
0.5
0.4
0.3
0.2
0.1
|  | 0.0 | United States | United Kingdom | Germany | Italy | France |
| --- | --- | --- | --- | --- | --- | --- |
| Port. | 0.6 | 0.6 | 0.2 | 0.2 | 0.2 |
| Maturity Breakdown (%) |  |  |  |  |  |  |

80
60
40
20
0	Cash	5-7 years	7-10 years	10-20 years
Portfolio	2.23	2.54	70.98	24.25

## Rating Breakdown (%)
50
40
30
20
10
0	AAA	AA	BBB	Cash
Portfolio	42.92	43.42	11.43	2.23

## Currency Breakdown (%)
40
30
20
10
0	EUR	USD	GBP
Portfolio	34.18	33.02	32.80

Translation (ENDE, 2021-09-30):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)
|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |

105
102
99
96
93
90
87
EUR

### 354.90
Mod. Duration	1.75
| Mod. Duration To Worst | 1.75 |
| --- | --- |
| Yield-to-Worst (%) | -2.39 |
| Anzahl Positionen | 20 |

Anzahl Emittenten	5

## Fonds-Profile
ESG-Rating
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 97.8% (nicht bedeutend bei einer Abdeckung von weniger als 50
%)
28/09/18	30/03/19	30/09/19	30/03/20
30/09/20
30/03/21 30/09/21
Portfolio* (2.65%)
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* (%) | 2.37 | 3.77 | - | 3.68 |
| Sharpe Ratio | 3.66 | 0.47 | - | 0.45 |


## Wertentwicklung (Brutto, Netto in %)
9
6
3
0
-3
|  | 30/09/2018 - 30/09/2019 | 30/09/2019 - 30/09/2020 | 30/09/2020 - 30/09/2021 |  |
| --- | --- | --- | --- | --- |
|  | Brutto-Wertentwicklung | -3.00 | -1.81 | 7.77 |  |
|  | Netto-Wertentwicklung | -3.00 | -1.81 | 7.77 |  |

-6
Berechnung nach BVI-Wertermittlungsstatistik (siehe Erläuterung unter 'Wichtige Hinweise')

## Rollierende Wertentwicklung (%)
|  | 1M | 3M | 6M | YTD | 3J | 5J | 30/09/20 30/09/21 | 30/09/19 30/09/20 | 30/09/18 30/09/19 | 30/09/17 30/09/18 | 30/09/16 30/09/17 | Auflage |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 1.01 | 2.69 | 3.34 | 6.30 | 2.65 | - | 7.77 | -1.81 | -3.00 | - | - | 2.39 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.00 | -0.08 | - | - | - | - | - | - | - | - |

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 |
| Name | Gewichtung (%) | Investiert in | Mod. Duration | Beitrag |
| UK Gilt Inflation Linked 0.125% 08/10/2031 | 22.06 | Großbritannien | 9.9 | 2.19 |
| US Treasury Inflation Idx Bonds 3.375% 04/15/2032 | 9.14 | Vereinigte Staaten Von Amerika | 9.2 | 0.84 |
| German Inflation Linked Bond 0.5% 04/15/2030 | 8.00 | Deutschland | 8.6 | 0.68 |
| US Treasury Inflation Idx Bonds 0.125% 07/15/2031 | 6.66 | Vereinigte Staaten Von Amerika | 9.8 | 0.65 |
| US Treasury Inflation Idx Bonds 3.875% 04/15/2029 | 6.21 | Vereinigte Staaten Von Amerika | 6.7 | 0.42 |
| Italy (Republic of) 0.4% 05/15/2030 | 5.64 | Italien | 8.5 | 0.48 |
| Italy (Republic of) 1.25% 09/15/2032 | 5.46 | Italien | 10.4 | 0.57 |
| UK Gilt Inflation Linked 0.125% 03/22/2029 | 5.03 | Großbritannien | 7.6 | 0.38 |
| US Treasury Inflation Idx Bonds 0.125% 01/15/2031 | 4.88 | Vereinigte Staaten Von Amerika | 9.3 | 0.45 |
| France Government Bond OAT 0.1% 07/25/2031 | 4.48 | Frankreich | 9.9 | 0.44 |
| Summe (%) | 77.55 |  |  |  |


## Sektorengewichtung (%)	Beitrag zur Duration nach Sektor
Portfolio
Treasury	97.77
Liquide Mittel	2.23
2.1
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |
|  |  |

1.8
1.5
1.2
0.9
0.6
0.3
0.0
Treasury
Port.	1.8

## Geographische Ausrichtung (%)	Beitrag zur Duration nach Land
Portfolio
Vereinigte Staaten Von Amerika	32.28
Großbritannien	32.07
0.8
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
|  |  |  |
|  |  |  |  |  |  |  |  |  |

0.6
| Italien | 11.43 | 0.4 |
| --- | --- | --- |
| Frankreich | 11.35 | 0.2 |
| Deutschland | 10.64 | 0.0 |
| Liquide Mittel | 2.23 |  |

Vereinigte Staaten
Von Amerika
Großbritannien
Deutschland
Italien
Frankreich
Port.	0.6	0.6	0.2	0.2	0.2

## Engagement nach Laufzeit (%)
80
60
40
20
0	Liquide Mittel	5-7 Jahre	7-10 Jahre	10-20 Jahre
Portfolio	2.23	2.54	70.98	24.25

## Engagement nach Rating (%)
50
40
30
20
10
0	AAA	AA	BBB	Liquide Mittel
Portfolio	42.92	43.42	11.43	2.23

## Engagement nach Währung (%)
40
30
20
10
0	EUR	USD	GBP
Portfolio	34.18	33.02	32.80