# Performance & Risk
## Performance Evolution (USD)
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## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
28/09/18	30/03/19	30/09/19	30/03/20	30/09/20	30/03/21 30/09/21
Portfolio* (75.01%)	Benchmark (59.70%)
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 = 96.3% Benchmark = 99.9% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 96.5% Benchmark = 99.6% (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* (%) | 12.59 | 20.56 | 16.65 | 14.84 |  |
| Benchmark Volatility (%) | 10.89 | 19.25 | 15.73 | 13.69 |  |
| Relative Risk/Tracking Error  (%) | 6.99 | 4.98 | 4.35 | 4.46 |  |
| Sharpe Ratio | 2.64 | 0.97 | 1.29 | 1.11 |  |
| Information Ratio | 0.64 | 0.92 | 0.76 | 0.10 |  |


## 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* | -4.32 | 2.01 | 12.82 | 15.70 | 75.01 | 171.24 | 32.87 | 33.76 | -1.53 | 32.88 | 16.64 | 304.64 |
| Benchmark | -4.68 | 0.48 | 8.95 | 15.55 | 59.70 | 145.95 | 29.43 | 18.98 | 3.71 | 26.30 | 21.94 | 318.29 |
| Excess Return | 0.36 | 1.53 | 3.86 | 0.16 | 15.31 | 25.29 | 3.44 | 14.78 | -5.23 | 6.58 | -5.30 | -13.65 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 37.31 | 35.82 | -0.03 | 29.78 | -2.03 | 4.48 | 9.90 | 31.48 | - | - |
| Benchmark | 20.48 | 36.39 | -1.51 | 30.21 | 7.08 | 5.67 | 13.05 | 33.48 | - | - |
| Excess Return | 16.83 | -0.57 | 1.48 | -0.44 | -9.10 | -1.19 | -3.15 | -2.00 | - | - |

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 |  |  |
| Microsoft Corp | 5.72 | 5.80 | -0.08 | Technology | USA |
| Apple Inc | 5.10 | 6.08 | -0.98 | Technology | USA |
| Alphabet Inc | 4.44 | 4.26 | 0.18 | Technology | USA |
| Amazon.com Inc | 4.34 | 3.92 | 0.43 | Consumer Discretionary | USA |
| Facebook Inc | 2.29 | 2.21 | 0.08 | Technology | USA |
| American Express Co | 1.86 | 0.30 | 1.56 | Financial Services | USA |
| SVB Financial Group | 1.71 | 0.10 | 1.60 | Financial Services | USA |
| EOG Resources Inc | 1.66 | 0.13 | 1.53 | Energy | USA |
| DexCom Inc | 1.62 | 0.14 | 1.47 | Health Care | USA |
| ServiceNow Inc | 1.61 | 0.34 | 1.27 | Technology | USA |
| Total (%) | 30.35 | 23.28 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| SVB Financial Group | 1.71 | 0.10 | 1.60 |  | Berkshire Hathaway Inc | 0.00 | 1.38 | -1.38 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| American Express Co | 1.86 | 0.30 | 1.56 |  | JPMorgan Chase & Co | 0.00 | 1.34 | -1.34 |
| EOG Resources Inc | 1.66 | 0.13 | 1.53 |  | Johnson & Johnson | 0.00 | 1.16 | -1.16 |
| DexCom Inc | 1.62 | 0.14 | 1.47 |  | Apple Inc | 5.10 | 6.08 | -0.98 |
| Workday Inc | 1.44 | 0.00 | 1.44 |  | Home Depot Inc | 0.00 | 0.96 | -0.96 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-5	-4	-3	-2	-1	0	1	2	3	4	5
Technology	34.81	30.19
Consumer Discretionary	21.71	17.23
Health Care	15.98	12.66
Financial Services	13.90	17.35
Producer Durables	7.42	7.57
Energy	1.66	2.80
Consumer Staples	1.38	5.02
Materials & Processing	1.29	3.11
Utilities	0.00	4.06
Cash	1.86	0.00
MarketCap Breakdown (USD - %)
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0	250mn To 500mn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	0.12	1.06	4.64	4.72	9.47	32.97	14.86	30.31	1.86
Bench.	-	-	-	0.61	7.51	25.83	24.44	41.60	-

Translation (ENDE, 2021-09-30):
# Wertentwicklung & Risiken
Wertentwicklung (USD)
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## Fonds-Profile
ESG-Rating
Relatives ESG Rating
Relative CO2-Intensität
28/09/18	30/03/19	30/09/19	30/03/20	30/09/20	30/03/21 30/09/21
Portfolio* (75.01%)	Benchmark (59.70%)
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 = 96.3% Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 96.5%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 99.6% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 12.59 | 20.56 | 16.65 | 14.84 |  |
| Benchmark Volatilität (%) | 10.89 | 19.25 | 15.73 | 13.69 |  |
| Relatives Risiko/Tracking Error  (%) | 6.99 | 4.98 | 4.35 | 4.46 |  |
| Sharpe Ratio | 2.64 | 0.97 | 1.29 | 1.11 |  |
| Information Ratio | 0.64 | 0.92 | 0.76 | 0.10 |  |


## Wertentwicklung (Brutto, Netto in %)
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|  | 30/09/2016 - | 30/09/2017 - | 30/09/2018 - | 30/09/2019 - | 30/09/2020 - |  |
| --- | --- | --- | --- | --- | --- | --- |
| 30/09/2017 | 30/09/2018 | 30/09/2019 | 30/09/2020 | 30/09/2021 |  |
|  | Brutto-Wertentwicklung | 16.64 | 32.88 | -1.53 | 33.76 | 32.87 |  |
|  | Netto-Wertentwicklung | 16.64 | 32.88 | -1.53 | 33.76 | 32.87 |  |

-10
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* | -4.32 | 2.01 | 12.82 | 15.70 | 75.01 | 171.24 | 32.87 | 33.76 | -1.53 | 32.88 | 16.64 | 304.64 |
| Benchmark | -4.68 | 0.48 | 8.95 | 15.55 | 59.70 | 145.95 | 29.43 | 18.98 | 3.71 | 26.30 | 21.94 | 318.29 |
| Abstände | 0.36 | 1.53 | 3.86 | 0.16 | 15.31 | 25.29 | 3.44 | 14.78 | -5.23 | 6.58 | -5.30 | -13.65 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 37.31 | 35.82 | -0.03 | 29.78 | -2.03 | 4.48 | 9.90 | 31.48 | - | - |
| Benchmark | 20.48 | 36.39 | -1.51 | 30.21 | 7.08 | 5.67 | 13.05 | 33.48 | - | - |
| Abstände | 16.83 | -0.57 | 1.48 | -0.44 | -9.10 | -1.19 | -3.15 | -2.00 | - | - |

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 |  |  |
| Microsoft Corp | 5.72 | 5.80 | -0.08 | Technologie | Vereinigten Staaten |
| Apple Inc | 5.10 | 6.08 | -0.98 | Technologie | Vereinigten Staaten |
| Alphabet Inc | 4.44 | 4.26 | 0.18 | Technologie | Vereinigten Staaten |
| Amazon.com Inc | 4.34 | 3.92 | 0.43 | Dauerh. Konsumg. | Vereinigten Staaten |
| Facebook Inc | 2.29 | 2.21 | 0.08 | Technologie | Vereinigten Staaten |
| American Express Co | 1.86 | 0.30 | 1.56 | Finanzdienste | Vereinigten Staaten |
| SVB Financial Group | 1.71 | 0.10 | 1.60 | Finanzdienste | Vereinigten Staaten |
| EOG Resources Inc | 1.66 | 0.13 | 1.53 | Energie | Vereinigten Staaten |
| DexCom Inc | 1.62 | 0.14 | 1.47 | Gesundheit | Vereinigten Staaten |
| ServiceNow Inc | 1.61 | 0.34 | 1.27 | Technologie | Vereinigten Staaten |
| Summe (%) | 30.35 | 23.28 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| SVB Financial Group | 1.71 | 0.10 | 1.60 |  | Berkshire Hathaway Inc | 0.00 | 1.38 | -1.38 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| American Express Co | 1.86 | 0.30 | 1.56 |  | JPMorgan Chase & Co | 0.00 | 1.34 | -1.34 |
| EOG Resources Inc | 1.66 | 0.13 | 1.53 |  | Johnson & Johnson | 0.00 | 1.16 | -1.16 |
| DexCom Inc | 1.62 | 0.14 | 1.47 |  | Apple Inc | 5.10 | 6.08 | -0.98 |
| Workday Inc | 1.44 | 0.00 | 1.44 |  | Home Depot Inc | 0.00 | 0.96 | -0.96 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-5	-4	-3	-2	-1	0	1	2	3	4	5
Technologie	34.81	30.19
Dauerh. Konsumg.	21.71	17.23
Gesundheit	15.98	12.66
Finanzdienste	13.90	17.35
Investitionsgüter	7.42	7.57
Energie	1.66	2.80
Kurzleb. Konsumg.	1.38	5.02
Grundstoffe & Verarbeitung	1.29	3.11
Öffentliche Dienste	0.00	4.06
Liquide Mittel	1.86	0.00

## Aufgliederung nach Marktkapitalisierung (USD - %)
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Von 100 bis
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Mehr als 250 Mrd.
Liquide Mittel
Port.	0.12	1.06	4.64	4.72	9.47	32.97	14.86	30.31	1.86
Bench.	-	-	-	0.61	7.51	25.83	24.44	41.60	-