# Analyse du portefeuille
21.13%
13.44%
18.73%
13.79%
14.81%
16.91%
12.07%
13.95%
11.70%

### Exposition sectorielle
24%
20%
16%
12%
8%
4%
0%
Conso. cycl.
10.31%
10.62%
7.20%
7.30%
6.14%
4.80%
4.44%
3.22%
4.69%
Technologie	Industrie	Immobilier	Finance	Matériaux	Santé	Energie	Conso.
Base
Portefeuille	Indice de référence*
Serv. aux collect.
1.20%
2.64%
0.09%
0.82%
Télécom.

### Exposition géographique
70%
60%
50%
40%
30%
20%
10%
0%
Amérique du Nord	Europe	Japon	Pacifique ex-Japon	Pays Emergent
Portefeuille	Indice de référence*
| Les principales valeurs |  |
| --- | --- |
| Action |  | Pondération | Secteur | Pays émetteur |
|  | Portefeuille | Indice de référence* |  |  |
| ON Semiconductor Corp | 0.75% | - | Technologie | Amérique du Nord |
| Asr Nederland NV | 0.71% | 0.11% | Finance | Europe |
| Huntsman Corp | 0.70% | 0.10% | Matériaux | Amérique du Nord |
| Ralph Lauren Corp | 0.69% | - | Conso. cycl. | Amérique du Nord |
| HD Supply Holdings Inc | 0.69% | - | Industrie | Amérique du Nord |
| Leidos Holdings Inc | 0.68% | - | Technologie | Amérique du Nord |
| Western Union Co | 0.66% | - | Technologie | Amérique du Nord |
| Conduent Inc | 0.65% | 0.06% | Technologie | Amérique du Nord |
| Baloise Holding AG | 0.61% | - | Finance | Europe |
| Arkema SA | 0.60% | - | Matériaux | Europe |
| Nombre de lignes | 517 |  |  |  |
| % Liquidités | 0.20% |  |  |  |


### 5 principales surpondérations	5 principales sous-pondérations
| Surpondérations	Portefeuille Indice de référence* |  | Sous-pondérations	Portefeuille Indice de référence* |
| --- | --- | --- |
| ON Semiconductor Corp | 0.75% | 0.00% |  | NRG Energy Inc | 0.00% | 0.16% |
| Ralph Lauren Corp | 0.69% | 0.00% |  | Burlington Stores Inc | 0.00% | 0.17% |
| HD Supply Holdings Inc | 0.69% | 0.00% |  | PTC Inc | 0.00% | 0.18% |
| Leidos Holdings Inc | 0.68% | 0.00% |  | DexCom Inc | 0.00% | 0.19% |
| Western Union Co | 0.66% | 0.00% |  | WellCare Health Plans Inc | 0.00% | 0.22% |

* Indice de référence : se référer à la rubrique Indicateur de référence spécifiée en dernière rubrique
Source(s) : AXA Investment Managers - GICS - MSCI au 31/08/2018

Translation (FRES, 2018-08-31):
# Análisis de la cartera
### Exposición sectorial
21.13%
13.44%
18.73%
13.79%
14.81%
16.91%
12.07%
13.95%
11.70%
40%
10.31%
10.62%
7.20%
7.30%
6.14%
4.80%
4.44%
3.22%
4.69%
1.20%
2.64%
0.09%
0.82%
20%
Cons. Disc.
Info. Tecno.
Industria
Inmobiliario
Finanzas
Materiales
Aten. Sanit.
Energía
Cons. Básico
Servicios Públicos
Telecomunicaciones
0%
Cartera	Índice de referencia*

### Exposición geográfica
70%
60%
50%
40%
30%
20%
10%
0%
Norteamerica	Europa	Japón	Pacífico ex-Japón	Emerging Markets
Cartera	Índice de referencia*
| Valores principales |  |
| --- | --- |
| Compañía |  | Ponderación | Sector | País emisor |
|  | Cartera | Índice de referencia* |  |  |
| ON Semiconductor Corp | 0.75% | - | Info. Tecno. | Norteamerica |
| Asr Nederland NV | 0.71% | 0.11% | Finanzas | Europa |
| Huntsman Corp | 0.70% | 0.10% | Materiales | Norteamerica |
| Ralph Lauren Corp | 0.69% | - | Cons. Disc. | Norteamerica |
| HD Supply Holdings Inc | 0.69% | - | Industria | Norteamerica |
| Leidos Holdings Inc | 0.68% | - | Info. Tecno. | Norteamerica |
| Western Union Co | 0.66% | - | Info. Tecno. | Norteamerica |
| Conduent Inc | 0.65% | 0.06% | Info. Tecno. | Norteamerica |
| Baloise Holding AG | 0.61% | - | Finanzas | Europa |
| Arkema SA | 0.60% | - | Materiales | Europa |
| Número de líneas | 517 |  |  |  |
| % Liquidez | 0.20% |  |  |  |


### Top 5 sobreponderaciones	Top 5 infraponderaciones
| Sobreponderaciones	Cartera Índice de referencia* |  | Infraponderaciones	Cartera Índice de referencia* |
| --- | --- | --- |
| ON Semiconductor Corp | 0.75% | 0.00% |  | NRG Energy Inc | 0.00% | 0.16% |
| Ralph Lauren Corp | 0.69% | 0.00% |  | Burlington Stores Inc | 0.00% | 0.17% |
| HD Supply Holdings Inc | 0.69% | 0.00% |  | PTC Inc | 0.00% | 0.18% |
| Leidos Holdings Inc | 0.68% | 0.00% |  | DexCom Inc | 0.00% | 0.19% |
| Western Union Co | 0.66% | 0.00% |  | WellCare Health Plans Inc | 0.00% | 0.22% |

* Índice de referencia : Consulte por favor la sección del Índice de referencia, en la parte del documento de características/aviso legal
Fuente(s) : AXA Investment Managers - GICS - MSCI a 31/08/2018