# Performance & Risk
## Performance Evolution (USD)
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## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
30/08/19	29/02/20	31/08/20	28/02/21	31/08/21	28/02/22 31/08/22
Portfolio* (22.16%)	Benchmark (28.70%)
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 = 99.2% Benchmark = 99.9% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 98.5% Benchmark = 99.4% (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* (%) | 18.27 | 19.08 | 17.40 | 15.70 |  |
| Benchmark Volatility (%) | 18.67 | 18.85 | 16.90 | 15.75 |  |
| Relative Risk/Tracking Error  (%) | 2.71 | 2.63 | 2.40 | 3.25 |  |
| Sharpe Ratio | -0.79 | 0.37 | 0.33 | 0.23 |  |
| Information Ratio | 0.39 | -0.38 | -0.38 | 0.13 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 31/08/21 31/08/22 | 31/08/20 31/08/21 | 31/08/19 31/08/20 | 31/08/18 31/08/19 | 31/08/17 31/08/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -3.95 | -5.78 | -10.88 | -17.65 | 22.16 | 34.30 | -14.73 | 29.90 | 10.29 | -4.04 | 14.57 | 201.49 |
| Benchmark | -4.18 | -5.53 | -10.94 | -17.91 | 28.70 | 45.95 | -15.08 | 29.71 | 16.84 | 0.26 | 13.10 | 227.17 |
| Excess Return | 0.23 | -0.25 | 0.06 | 0.27 | -6.54 | -11.65 | 0.34 | 0.20 | -6.55 | -4.30 | 1.46 | -25.67 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 22.56 | 10.10 | 24.56 | -11.28 | 23.18 | 6.52 | -2.30 | 6.57 | 30.41 | 14.45 |
| Benchmark | 22.20 | 15.99 | 28.28 | -9.35 | 22.40 | 6.64 | -0.72 | 5.95 | 27.41 | 14.82 |
| Excess Return | 0.36 | -5.89 | -3.72 | -1.93 | 0.78 | -0.12 | -1.58 | 0.62 | 3.00 | -0.36 |

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 | 4.72 | 5.06 | -0.35 | Information Technology | North America |
| Microsoft Corp | 3.29 | 3.67 | -0.39 | Information Technology | North America |
| Alphabet Inc | 2.16 | 2.51 | -0.34 | Communication Services | North America |
| Amazon.com Inc | 1.86 | 2.29 | -0.43 | Consumer Discretionary | North America |
| Tesla Inc | 1.86 | 1.43 | 0.42 | Consumer Discretionary | North America |
| Visa Inc | 1.37 | 0.65 | 0.72 | Information Technology | North America |
| UnitedHealth Group Inc | 1.26 | 0.96 | 0.30 | Health Care | North America |
| Merck & Co Inc | 1.19 | 0.43 | 0.76 | Health Care | North America |
| United Parcel Service Inc | 1.08 | 0.28 | 0.80 | Industrials | North America |
| QUALCOMM Inc | 1.04 | 0.29 | 0.75 | Information Technology | North America |
| Total (%) | 19.83 | 17.58 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Cadence Design Systems Inc | 1.03 | 0.10 | 0.94 |  | Johnson & Johnson | 0.00 | 0.84 | -0.84 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Valero Energy Corp | 0.95 | 0.09 | 0.86 |  | Exxon Mobil Corp | 0.00 | 0.80 | -0.80 |
| General Motors Co | 0.96 | 0.10 | 0.85 |  | Procter & Gamble Co | 0.00 | 0.65 | -0.65 |
| Gilead Sciences Inc | 1.00 | 0.16 | 0.84 |  | Nestle SA | 0.00 | 0.65 | -0.65 |
| Synopsys Inc | 0.94 | 0.10 | 0.84 |  | Chevron Corp | 0.00 | 0.61 | -0.61 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-4	-3	-2	-1	0	1	2	3
|  |
| --- |
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Information Technology	22.94	21.68
Financials	16.10	13.41
Health Care	14.94	13.23
Consumer Discretionary	11.51	11.25
Industrials	11.13	10.06
Consumer Staples	7.22	7.67
Energy	7.07	5.24
Communication Services	4.47	7.24
Materials	3.37	4.16
Real Estate	0.46	2.85
Utilities	0.15	3.20
Cash	0.62	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
North America	71.07	72.69
Europe	18.27	17.66
Japan	7.87	6.15
Pacific ex-Japan	2.17	3.49
Cash	0.62	0.00

## Active Exposure by Geography (%)
-2	-1	0	1	2
MarketCap Breakdown (USD - %)
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0	1bn To 3bn	3bn To 5bn	5bn To 10bn	10bn To 25bn	25bn To 100bn	100bn To 250bn	More Than 250bn	Cash
Port.	0.14	2.00	10.25	14.89	30.02	20.17	21.90	0.62
Bench.	0.01	0.48	3.86	13.42	33.71	20.87	27.65	-

Translation (ENDE, 2022-08-31):
# Wertentwicklung & Risiken
Wertentwicklung (USD)
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## Fonds-Profile
ESG-Rating
Relatives ESG Rating
Relative CO2-Intensität
30/08/19	29/02/20	31/08/20	28/02/21	31/08/21	28/02/22 31/08/22
Portfolio* (22.16%)	Benchmark (28.70%)
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 = 99.2% Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 98.5%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 99.4% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 18.27 | 19.08 | 17.40 | 15.70 |  |
| Benchmark Volatilität (%) | 18.67 | 18.85 | 16.90 | 15.75 |  |
| Relatives Risiko/Tracking Error  (%) | 2.71 | 2.63 | 2.40 | 3.25 |  |
| Sharpe Ratio | -0.79 | 0.37 | 0.33 | 0.23 |  |
| Information Ratio | 0.39 | -0.38 | -0.38 | 0.13 |  |


## Wertentwicklung (Brutto, Netto in %)
40
20
0
|  | 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 | 14.57 | -4.04 | 10.29 | 29.90 | -14.73 |
| Netto-Wertentwicklung | 14.57 | -4.04 | 10.29 | 29.90 | -14.73 |

-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* | -3.95 | -5.78 | -10.88 | -17.65 | 22.16 | 34.30 | -14.73 | 29.90 | 10.29 | -4.04 | 14.57 | 201.49 |
| Benchmark | -4.18 | -5.53 | -10.94 | -17.91 | 28.70 | 45.95 | -15.08 | 29.71 | 16.84 | 0.26 | 13.10 | 227.17 |
| Abstände | 0.23 | -0.25 | 0.06 | 0.27 | -6.54 | -11.65 | 0.34 | 0.20 | -6.55 | -4.30 | 1.46 | -25.67 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 22.56 | 10.10 | 24.56 | -11.28 | 23.18 | 6.52 | -2.30 | 6.57 | 30.41 | 14.45 |
| Benchmark | 22.20 | 15.99 | 28.28 | -9.35 | 22.40 | 6.64 | -0.72 | 5.95 | 27.41 | 14.82 |
| Abstände | 0.36 | -5.89 | -3.72 | -1.93 | 0.78 | -0.12 | -1.58 | 0.62 | 3.00 | -0.36 |

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 |  |  |
| Apple Inc | 4.72 | 5.06 | -0.35 | Informatik | Nordamerika |
| Microsoft Corp | 3.29 | 3.67 | -0.39 | Informatik | Nordamerika |
| Alphabet Inc | 2.16 | 2.51 | -0.34 | Kommunikationsdienste | Nordamerika |
| Amazon.com Inc | 1.86 | 2.29 | -0.43 | Dauerh. Konsumg. | Nordamerika |
| Tesla Inc | 1.86 | 1.43 | 0.42 | Dauerh. Konsumg. | Nordamerika |
| Visa Inc | 1.37 | 0.65 | 0.72 | Informatik | Nordamerika |
| UnitedHealth Group Inc | 1.26 | 0.96 | 0.30 | Gesundheit | Nordamerika |
| Merck & Co Inc | 1.19 | 0.43 | 0.76 | Gesundheit | Nordamerika |
| United Parcel Service Inc | 1.08 | 0.28 | 0.80 | Industrieunternehmen | Nordamerika |
| QUALCOMM Inc | 1.04 | 0.29 | 0.75 | Informatik | Nordamerika |
| Summe (%) | 19.83 | 17.58 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Cadence Design Systems Inc | 1.03 | 0.10 | 0.94 |  | Johnson & Johnson | 0.00 | 0.84 | -0.84 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Valero Energy Corp | 0.95 | 0.09 | 0.86 |  | Exxon Mobil Corp | 0.00 | 0.80 | -0.80 |
| General Motors Co | 0.96 | 0.10 | 0.85 |  | Procter & Gamble Co | 0.00 | 0.65 | -0.65 |
| Gilead Sciences Inc | 1.00 | 0.16 | 0.84 |  | Nestle SA | 0.00 | 0.65 | -0.65 |
| Synopsys Inc | 0.94 | 0.10 | 0.84 |  | Chevron Corp | 0.00 | 0.61 | -0.61 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-4	-3	-2	-1	0	1	2	3
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Informatik	22.94	21.68
Finanzen	16.10	13.41
Gesundheit	14.94	13.23
Dauerh. Konsumg.	11.51	11.25
Industrieunternehmen	11.13	10.06
Kurzleb. Konsumg.	7.22	7.67
Energie	7.07	5.24
Kommunikationsdienste	4.47	7.24
Werkstoffe	3.37	4.16
Immobilien	0.46	2.85
Öffentliche Dienste	0.15	3.20
Liquide Mittel	0.62	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Nordamerika	71.07	72.69
Europa	18.27	17.66
Japan	7.87	6.15
Pazifik (ohne Japan)	2.17	3.49
Liquide Mittel	0.62	0.00

## Aktives Engagement nach geografischen Regionen (%)
-2	-1	0	1	2

## Aufgliederung nach Marktkapitalisierung (USD - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	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.	0.14	2.00	10.25	14.89	30.02	20.17	21.90	0.62
Bench.	0.01	0.48	3.86	13.42	33.71	20.87	27.65	-