# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
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180
160
140
120
100
80
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
ESG Relative Rating
CO2 Relative rating
Portfolio* (22.25%)	Benchmark (47.89%)
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 = 96.4% Benchmark = 99.9% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 96.4% Benchmark = 99.3% (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* (%) | 13.97 | 16.78 | 14.77 | 14.77 |  |
| Benchmark Volatility (%) | 11.27 | 15.18 | 13.58 | 13.58 |  |
| Relative Risk/Tracking Error  (%) | 8.03 | 6.18 | 5.17 | 5.17 |  |
| Sharpe Ratio | 0.09 | 0.54 | 0.58 | 0.58 |  |
| Information Ratio | -1.95 | -0.83 | -0.38 | -0.38 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 28/02/21 28/02/22 | 28/02/20 28/02/21 | 28/02/19 29/02/20 | 28/02/18 28/02/19 | 28/02/17 28/02/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -2.93 | -14.56 | -17.34 | -13.20 | 22.25 | 36.02 | -1.00 | 18.56 | 4.16 | 10.55 | 0.64 | 36.02 |
| Benchmark | -2.77 | -3.46 | -0.44 | -6.21 | 47.89 | 62.56 | 16.50 | 17.87 | 7.69 | 6.21 | 3.50 | 62.56 |
| Excess Return | -0.16 | -11.10 | -16.91 | -6.98 | -25.64 | -26.54 | -17.51 | 0.69 | -3.53 | 4.35 | -2.86 | -26.54 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 15.48 | 8.63 | 25.21 | -0.62 | - | - | - | - | - | - |
| Benchmark | 27.54 | 6.65 | 28.93 | -4.85 | - | - | - | - | - | - |
| Excess Return | -12.06 | 1.98 | -3.72 | 4.23 | - | - | - | - | - | - |

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 |  |  |
| AstraZeneca PLC | 2.55 | 0.29 | 2.26 | Health Care | United Kingdom |
| Rentokil Initial PLC | 2.36 | 0.02 | 2.34 | Industrials | United Kingdom |
| Bank Rakyat Indonesia Perse... | 2.35 | 0.03 | 2.31 | Financials | Indonesia |
| CSL Ltd | 2.34 | 0.14 | 2.20 | Health Care | Australia |
| AIA Group Ltd | 2.27 | 0.19 | 2.08 | Financials | Hong Kong |
| DexCom Inc | 2.22 | 0.06 | 2.16 | Health Care | USA |
| Stryker Corp | 2.22 | 0.14 | 2.08 | Health Care | USA |
| Teradyne Inc | 2.20 | 0.03 | 2.17 | Information Technology | USA |
| Centene Corp | 2.20 | 0.07 | 2.13 | Health Care | USA |
| Intuit Inc | 2.19 | 0.20 | 1.99 | Information Technology | USA |
| Total (%) | 22.90 | 1.18 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Rentokil Initial PLC | 2.36 | 0.02 | 2.34 |  | Apple Inc | 0.00 | 4.20 | -4.20 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bank Rakyat Indonesia Persero Tb... | 2.35 | 0.03 | 2.31 |  | Microsoft Corp | 0.00 | 3.28 | -3.28 |
| AstraZeneca PLC | 2.55 | 0.29 | 2.26 |  | Alphabet Inc | 0.00 | 2.45 | -2.45 |
| CSL Ltd | 2.34 | 0.14 | 2.20 |  | Amazon.com Inc | 0.00 | 2.15 | -2.15 |
| Teradyne Inc | 2.20 | 0.03 | 2.17 |  | Tesla Inc | 0.00 | 1.13 | -1.13 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)

### -12	-8	-4	0	4	8	12	16	20
Health Care	28.45	11.59
Consumer Discretionary	15.37	11.73
Information Technology	12.12	22.34
Financials	11.61	14.80
Industrials	10.35	9.57
Consumer Staples	7.68	7.09
Real Estate	5.81	2.64
Communication Services	2.92	8.28
Materials	2.09	4.96
Not classified	0.00	0.00
Utilities	0.00	2.79
Energy	0.00	4.22
Cash	3.60	0.00

## Securities Exposure by geographical area (%)
Portfolio	Benchmark
USA	46.60	60.61
United Kingdom	12.41	3.83
India	6.34	1.42
South Africa	3.98	0.43
Australia	3.97	1.84
Japan	3.91	5.62
Germany	3.62	2.11
China	2.61	3.66
Indonesia	2.35	0.19
Hong Kong	2.27	0.72
France	1.95	2.85
Ireland	1.90	0.16
Other	4.47	16.56
Cash	3.60	0.00

## Active Exposure by Geography (%)
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### -15	-12	-9	-6	-3	0	3	6	9
MarketCap Breakdown (USD - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	0 To
250mn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	-	9.62	10.24	15.23	27.11	21.51	12.68	-	3.60
Bench.	0.01	0.20	0.94	4.57	13.93	32.20	20.47	27.68	-

Translation (ENDE, 2022-02-28):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)

## Fonds-Profile
ESG-Rating
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180
160
140
120
100
80
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
Relatives ESG Rating
Relative CO2-Intensität
Portfolio* (22.25%)	Benchmark (47.89%)
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 = 96.4% Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 96.4%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 99.3% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 13.97 | 16.78 | 14.77 | 14.77 |  |
| Benchmark Volatilität (%) | 11.27 | 15.18 | 13.58 | 13.58 |  |
| Relatives Risiko/Tracking Error  (%) | 8.03 | 6.18 | 5.17 | 5.17 |  |
| Sharpe Ratio | 0.09 | 0.54 | 0.58 | 0.58 |  |
| Information Ratio | -1.95 | -0.83 | -0.38 | -0.38 |  |


## Wertentwicklung (Brutto, Netto in %)
20
|  |  |  |  |
| --- | --- | --- | --- |
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10
0
|  | 28/02/2017 - | 28/02/2018 - | 28/02/2019 - | 28/02/2020 - | 28/02/2021 - |  |
| --- | --- | --- | --- | --- | --- | --- |
| 28/02/2018 | 28/02/2019 | 28/02/2020 | 28/02/2021 | 28/02/2022 |  |
|  | Brutto-Wertentwicklung | 0.64 | 10.55 | 4.16 | 18.56 | -1.00 |  |
|  | Netto-Wertentwicklung | -4.61 | 10.55 | 4.16 | 18.56 | -1.00 |  |

-10
Berechnung nach BVI-Wertermittlungsstatistik (siehe Erläuterung unter 'Wichtige Hinweise')

## Rollierende Wertentwicklung (%)
| 1M	3M	6M	YTD	3J	5J	28/02/21 | 28/02/20 | 28/02/19 | 28/02/18 | 28/02/17	Auflage |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  | 28/02/22 | 28/02/21 | 29/02/20 | 28/02/19 | 28/02/18 |  |
| Portfolio* | -2.93 | -14.56 | -17.34 | -13.20 | 22.25 | 36.02 | -1.00 | 18.56 | 4.16 | 10.55 | 0.64 | 36.02 |
| Benchmark | -2.77 | -3.46 | -0.44 | -6.21 | 47.89 | 62.56 | 16.50 | 17.87 | 7.69 | 6.21 | 3.50 | 62.56 |
| Abstände | -0.16 | -11.10 | -16.91 | -6.98 | -25.64 | -26.54 | -17.51 | 0.69 | -3.53 | 4.35 | -2.86 | -26.54 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 15.48 | 8.63 | 25.21 | -0.62 | - | - | - | - | - | - |
| Benchmark | 27.54 | 6.65 | 28.93 | -4.85 | - | - | - | - | - | - |
| Abstände | -12.06 | 1.98 | -3.72 | 4.23 | - | - | - | - | - | - |

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 |  |  |
| AstraZeneca PLC | 2.55 | 0.29 | 2.26 | Gesundheit | Großbritannien |
| Rentokil Initial PLC | 2.36 | 0.02 | 2.34 | Industrieunternehmen | Großbritannien |
| Bank Rakyat Indonesia Perse... | 2.35 | 0.03 | 2.31 | Finanzen | Indonesien |
| CSL Ltd | 2.34 | 0.14 | 2.20 | Gesundheit | Australien |
| AIA Group Ltd | 2.27 | 0.19 | 2.08 | Finanzen | Hong-Kong |
| DexCom Inc | 2.22 | 0.06 | 2.16 | Gesundheit | Vereinigten Staaten |
| Stryker Corp | 2.22 | 0.14 | 2.08 | Gesundheit | Vereinigten Staaten |
| Teradyne Inc | 2.20 | 0.03 | 2.17 | Informatik | Vereinigten Staaten |
| Centene Corp | 2.20 | 0.07 | 2.13 | Gesundheit | Vereinigten Staaten |
| Intuit Inc | 2.19 | 0.20 | 1.99 | Informatik | Vereinigten Staaten |
| Summe (%) | 22.90 | 1.18 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Rentokil Initial PLC | 2.36 | 0.02 | 2.34 |  | Apple Inc | 0.00 | 4.20 | -4.20 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bank Rakyat Indonesia Persero Tb... | 2.35 | 0.03 | 2.31 |  | Microsoft Corp | 0.00 | 3.28 | -3.28 |
| AstraZeneca PLC | 2.55 | 0.29 | 2.26 |  | Alphabet Inc | 0.00 | 2.45 | -2.45 |
| CSL Ltd | 2.34 | 0.14 | 2.20 |  | Amazon.com Inc | 0.00 | 2.15 | -2.15 |
| Teradyne Inc | 2.20 | 0.03 | 2.17 |  | Tesla Inc | 0.00 | 1.13 | -1.13 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)

### -12	-8	-4	0	4	8	12	16	20
Gesundheit	28.45	11.59
Dauerh. Konsumg.	15.37	11.73
Informatik	12.12	22.34
Finanzen	11.61	14.80
Industrieunternehmen	10.35	9.57
Kurzleb. Konsumg.	7.68	7.09
Immobilien	5.81	2.64
Kommunikationsdienste	2.92	8.28
Werkstoffe	2.09	4.96
Nicht klassifiziert	0.00	0.00
Öffentliche Dienste	0.00	2.79
Energie	0.00	4.22
Liquide Mittel	3.60	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Vereinigten Staaten	46.60	60.61
Großbritannien	12.41	3.83
Indien	6.34	1.42
Südafrika	3.98	0.43
Australien	3.97	1.84
Japan	3.91	5.62
Deutschland	3.62	2.11
China	2.61	3.66
Indonesien	2.35	0.19
Hong-Kong	2.27	0.72
Frankreich	1.95	2.85
Irland	1.90	0.16
Sonstige	4.47	16.56
Liquide Mittel	3.60	0.00

## Aufgliederung nach Marktkapitalisierung (USD - %)
Aktives Engagement nach geografischen Regionen (%)

### -15	-12	-9	-6	-3	0	3	6	9
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36
33
30
27
24
21
18
15
12
9
6
3
0	Von 0 bis
250 Moi
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.	-	9.62	10.24	15.23	27.11	21.51	12.68	-	3.60
Bench.	0.01	0.20	0.94	4.57	13.93	32.20	20.47	27.68	-