# Performance & Risk
## Performance Evolution (USD)

## Fund Profile
ESG Rating
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210
180
150
120
90
60
28/09/18
30/03/19
30/09/19
30/03/20
30/09/20
30/03/21 30/09/21
ESG Relative Rating
CO2 Relative rating
Portfolio* (84.32%)	Benchmark (42.69%)
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 = 91.1% Benchmark = 99.4% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 92.2% Benchmark = 98.5% (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* (%) | 16.23 | 21.33 | - | 19.59 |  |
| Benchmark Volatility (%) | 10.65 | 18.25 | - | 16.47 |  |
| Relative Risk/Tracking Error  (%) | 12.89 | 9.77 | - | 10.33 |  |
| Sharpe Ratio | 1.60 | 1.05 | - | 1.27 |  |
| Information Ratio | -0.08 | 1.15 | - | 1.44 |  |


## 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* | -5.42 | -1.41 | 10.50 | 10.50 | 84.32 | - | 25.17 | 47.40 | -0.10 | - | - | 141.97 |
| Benchmark | -4.13 | -1.05 | 6.26 | 11.12 | 42.69 | - | 27.44 | 10.44 | 1.38 | - | - | 53.92 |
| Excess Return | -1.29 | -0.36 | 4.24 | -0.61 | 41.63 | - | -2.26 | 36.95 | -1.48 | - | - | 88.05 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 52.99 | 32.33 | 4.44 | - | - | - | - | - | - | - |
| Benchmark | 16.25 | 26.60 | -9.41 | - | - | - | - | - | - | - |
| Excess Return | 36.73 | 5.73 | 13.86 | - | - | - | - | - | - | - |

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 |  |  |
| salesforce.com inc | 3.40 | 0.40 | 3.00 | Information Technology | USA |
| Microsoft Corp | 3.24 | 3.07 | 0.17 | Information Technology | USA |
| Alphabet Inc | 3.18 | 2.40 | 0.78 | Communication Services | USA |
| Visa Inc | 3.11 | 0.57 | 2.54 | Information Technology | USA |
| Prologis Inc | 3.07 | 0.14 | 2.93 | Real Estate | USA |
| Apple Inc | 2.93 | 3.59 | -0.66 | Information Technology | USA |
| Amazon.com Inc | 2.92 | 2.27 | 0.65 | Consumer Discretionary | USA |
| Goodman Group | 2.90 | 0.04 | 2.86 | Real Estate | Australia |
| PayPal Holdings Inc | 2.84 | 0.44 | 2.40 | Information Technology | USA |
| Zendesk Inc | 2.81 | 0.02 | 2.79 | Information Technology | USA |
| Total (%) | 30.40 | 12.94 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| salesforce.com inc | 3.40 | 0.40 | 3.00 |  | Tesla Inc | 0.00 | 0.96 | -0.96 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Prologis Inc | 3.07 | 0.14 | 2.93 |  | NVIDIA Corp | 0.00 | 0.78 | -0.78 |
| Goodman Group | 2.90 | 0.04 | 2.86 |  | Taiwan Semiconductor Manufacturi... | 0.00 | 0.78 | -0.78 |
| Zendesk Inc | 2.81 | 0.02 | 2.79 |  | JPMorgan Chase & Co | 0.00 | 0.75 | -0.75 |
| Visa Inc | 3.11 | 0.57 | 2.54 |  | Apple Inc | 2.93 | 3.59 | -0.66 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-15	-10	-5	0	5	10	15	20	25	30	35
Information Technology	53.38	22.31
Communication Services	15.47	9.28
Real Estate	9.58	2.61
Consumer Discretionary	8.63	12.46
Industrials	5.64	9.69
Health Care	2.10	11.68
Consumer Staples	0.99	6.76
Utilities	0.00	2.64
Materials	0.00	4.66
Financials	0.00	14.38
Energy	0.00	3.53
Cash	4.21	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
USA	76.27	59.56
United Kingdom	6.66	3.68
Germany	3.22	2.33
China	3.04	4.07
Australia	2.90	1.78
France	1.60	2.87
Sweden	1.13	0.94
Argentina	0.97	0.02
South Africa	0.00	0.38
Taiwan	0.00	1.76
Turkey	0.00	0.03
Thailand	0.00	0.19
Other	0.00	22.38
Cash	4.21	0.00

## Active Exposure by Geography (%)
-24	-20	-16	-12	-8	-4	0	4	8	12	16	20
MarketCap Breakdown (USD - %)
36
32
28
24
20
16
12
8
4
0	1bn To
3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	1.44	1.75	11.28	11.33	28.61	11.09	30.30	4.21
Bench.	0.22	0.87	4.30	14.04	33.54	19.81	27.20	-

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

## Fonds-Profile
ESG-Rating
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210
180
150
120
90
60
28/09/18
30/03/19
30/09/19
30/03/20
30/09/20
30/03/21 30/09/21
Relatives ESG Rating
Relative CO2-Intensität
Portfolio* (84.32%)	Benchmark (42.69%)
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 = 91.1% Benchmark = 99.4% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 92.2%
| berechnet sein. Weitere Informationen entnehmen Sie Risikoanalyse | bitte dem Fondspr | ospekt. |  |  | Benchmark = 98.5% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 16.23 | 21.33 | - | 19.59 |  |
| Benchmark Volatilität (%) | 10.65 | 18.25 | - | 16.47 |  |
| Relatives Risiko/Tracking Error  (%) | 12.89 | 9.77 | - | 10.33 |  |
| Sharpe Ratio | 1.60 | 1.05 | - | 1.27 |  |
| Information Ratio | -0.08 | 1.15 | - | 1.44 |  |


## Wertentwicklung (Brutto, Netto in %)
60
40
20
0
|  | 30/09/2018 - 30/09/2019 | 30/09/2019 - 30/09/2020 | 30/09/2020 - 30/09/2021 |  |
| --- | --- | --- | --- | --- |
|  | Brutto-Wertentwicklung | -0.10 | 47.40 | 25.17 |  |
|  | Netto-Wertentwicklung | -2.06 | 47.40 | 25.17 |  |

-20
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* | -5.42 | -1.41 | 10.50 | 10.50 | 84.32 | - | 25.17 | 47.40 | -0.10 | - | - | 141.97 |
| Benchmark | -4.13 | -1.05 | 6.26 | 11.12 | 42.69 | - | 27.44 | 10.44 | 1.38 | - | - | 53.92 |
| Abstände | -1.29 | -0.36 | 4.24 | -0.61 | 41.63 | - | -2.26 | 36.95 | -1.48 | - | - | 88.05 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 52.99 | 32.33 | 4.44 | - | - | - | - | - | - | - |
| Benchmark | 16.25 | 26.60 | -9.41 | - | - | - | - | - | - | - |
| Abstände | 36.73 | 5.73 | 13.86 | - | - | - | - | - | - | - |

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 |  |  |
| salesforce.com inc | 3.40 | 0.40 | 3.00 | Technologie | Vereinigten Staaten |
| Microsoft Corp | 3.24 | 3.07 | 0.17 | Technologie | Vereinigten Staaten |
| Alphabet Inc | 3.18 | 2.40 | 0.78 | Technologie | Vereinigten Staaten |
| Visa Inc | 3.11 | 0.57 | 2.54 | Industrieunternehmen | Vereinigten Staaten |
| Prologis Inc | 3.07 | 0.14 | 2.93 | Immobilien | Vereinigten Staaten |
| Apple Inc | 2.93 | 3.59 | -0.66 | Technologie | Vereinigten Staaten |
| Amazon.com Inc | 2.92 | 2.27 | 0.65 | Verbrauchsgüter | Vereinigten Staaten |
| Goodman Group | 2.90 | 0.04 | 2.86 | Immobilien | Australien |
| PayPal Holdings Inc | 2.84 | 0.44 | 2.40 | Industrieunternehmen | Vereinigten Staaten |
| Zendesk Inc | 2.81 | 0.02 | 2.79 | Technologie | Vereinigten Staaten |
| Summe (%) | 30.40 | 12.94 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| salesforce.com inc | 3.40 | 0.40 | 3.00 |  | Tesla Inc | 0.00 | 0.96 | -0.96 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Prologis Inc | 3.07 | 0.14 | 2.93 |  | NVIDIA Corp | 0.00 | 0.78 | -0.78 |
| Goodman Group | 2.90 | 0.04 | 2.86 |  | Taiwan Semiconductor Manufacturi... | 0.00 | 0.78 | -0.78 |
| Zendesk Inc | 2.81 | 0.02 | 2.79 |  | JPMorgan Chase & Co | 0.00 | 0.75 | -0.75 |
| Visa Inc | 3.11 | 0.57 | 2.54 |  | Apple Inc | 2.93 | 3.59 | -0.66 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-15	-10	-5	0	5	10	15	20	25	30
Technologie	51.38	23.85
Industrieunternehmen	17.81	12.98
Verbrauchsgüter	12.77	15.26
Immobilien	10.73	2.68
Gesundheitswesen	2.10	11.48
Basiskonsumgüter	0.99	6.00
Energie	0.00	3.79
Versorger	0.00	2.79
Telekommunikation	0.00	3.29
Finanz-Dienstleistungen	0.00	14.14
Grundstoffe	0.00	3.74
Liquide Mittel	4.21	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Vereinigten Staaten	77.25	59.61
Großbritannien	6.66	3.70
Deutschland	3.22	2.56
Hong-Kong	2.91	3.54
Australien	2.90	1.79
Frankreich	1.60	2.80
Schweden	1.13	0.88
China	0.13	1.15
Südafrika	0.00	0.37
Taiwan	0.00	1.76
Türkei	0.00	0.03
Thailand	0.00	0.19
Sonstige	0.00	21.63
Liquide Mittel	4.21	0.00

## Aktives Engagement nach geografischen Regionen (%)
-24	-20	-16	-12	-8	-4	0	4	8	12	16	20

## Aufgliederung nach Marktkapitalisierung (USD - %)
36
32
28
24
20
16
12
8
4
0	Von 1 bis 3 Mrd Euro
Von 3 bis 5 Mrd Euro
Von 5 bis 10 Mrd Euro
Von 10 bis 25 Mrd Euro
Von 25 bis
100 Mrd Euro
Von 100 bis
250 Mrd Euro
Mehr als 250 Mrd.
Liquide Mittel
Port.	2.85	8.28	7.31	15.98	28.79	9.33	23.24	4.21
Bench.	0.36	1.34	5.71	16.58	32.96	19.26	23.78	-