# Performance & Risk
## Performance Evolution (USD)

## Fund Profile
ESG Rating
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160
140
120
100
80
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* (25.58%)	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 = 95.9% Benchmark = 99.4% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 97.4% 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* (%) | 10.58 | 17.33 | 15.26 | 14.60 |  |
| Benchmark Volatility (%) | 10.65 | 18.20 | 15.36 | 14.14 |  |
| Relative Risk/Tracking Error  (%) | 5.79 | 5.92 | 5.44 | 5.80 |  |
| Sharpe Ratio | 1.67 | 0.46 | 0.55 | 0.61 |  |
| Information Ratio | -1.62 | -0.58 | -0.51 | 0.04 |  |


## 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* | -3.43 | -0.47 | 3.57 | 6.14 | 25.58 | 49.94 | 16.71 | 14.00 | -5.61 | 14.91 | 3.91 | 239.32 |
| Benchmark | -4.13 | -1.05 | 6.26 | 11.12 | 42.69 | 80.07 | 27.44 | 10.44 | 1.38 | 12.27 | 12.41 | 295.72 |
| Excess Return | 0.70 | 0.58 | -2.69 | -4.98 | -17.10 | -30.13 | -10.73 | 3.55 | -6.99 | 2.64 | -8.50 | -56.40 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 14.15 | 21.34 | -2.35 | 13.07 | -9.99 | 5.96 | 21.98 | 36.40 | 17.31 | 5.63 |
| Benchmark | 16.25 | 26.60 | -2.89 | 19.80 | -6.81 | 6.60 | 18.10 | 36.27 | 18.35 | 10.17 |
| Excess Return | -2.10 | -5.26 | 0.54 | -6.73 | -3.18 | -0.63 | 3.89 | 0.14 | -1.04 | -4.54 |

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 | 3.89 | 0.28 | 3.60 | Pharmaceuticals | United Kingdom |
| NIKE Inc | 3.77 | 0.28 | 3.49 | Footwear | USA |
| Service Corp International | 3.42 | - | 3.42 | Specialized Consumer Services | USA |
| Brunswick Corp | 3.06 | - | 3.06 | Leisure Products | USA |
| Julius Baer Group Ltd | 2.91 | 0.02 | 2.89 | Constr. Mach. & Heavy Trucks | Switzerland |
| UnitedHealth Group Inc | 2.60 | 0.56 | 2.04 | Managed Health Care | USA |
| Thermo Fisher Scientific Inc | 2.57 | 0.34 | 2.23 | Life Sciences Tools & Services | USA |
| Prudential PLC | 2.52 | 0.08 | 2.45 | Life & Health Insurance | United Kingdom |
| Unicharm Corp | 2.35 | 0.03 | 2.32 | Household Products | Japan |
| St James's Place PLC | 2.28 | 0.02 | 2.27 | Constr. Mach. & Heavy Trucks | United Kingdom |
| Total (%) | 29.37 | 1.61 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| AstraZeneca PLC | 3.89 | 0.28 | 3.60 |  | Apple Inc | 0.00 | 3.59 | -3.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NIKE Inc | 3.77 | 0.28 | 3.49 |  | Microsoft Corp | 0.00 | 3.07 | -3.07 |
| Service Corp International | 3.42 | 0.00 | 3.42 |  | Alphabet Inc | 0.00 | 2.40 | -2.40 |
| Brunswick Corp | 3.06 | 0.00 | 3.06 |  | Amazon.com Inc | 0.00 | 2.27 | -2.27 |
| Julius Baer Group Ltd | 2.91 | 0.02 | 2.89 |  | Facebook Inc | 0.00 | 1.24 | -1.24 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-70	-60	-50	-40	-30	-20	-10	0	10	20
Health Care Equipment	15.58	2.42
Pharmaceuticals	14.04	4.32
Managed Health Care	6.58	0.87
Apparel, Access. & Lux. Goods	5.40	1.00
Constr. Mach. & Heavy Trucks	5.19	1.00
Household Products	5.18	0.99
Health Care Services	5.15	0.45
Education Services	3.83	0.01
Footwear	3.77	0.34
Specialized Consumer Services	3.72	0.00
Life Sciences Tools & Services	3.67	1.14
Biotechnology	3.16	1.60
Other	22.11	85.87
Cash	2.62	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
USA	68.74	59.56
United Kingdom	11.96	3.68
Switzerland	5.96	2.44
Japan	3.78	6.20
France	3.07	2.87
Netherlands	2.07	1.24
Belgium	1.07	0.23
Sweden	0.73	0.94
South Africa	0.00	0.38
Taiwan	0.00	1.76
Turkey	0.00	0.03
Thailand	0.00	0.19
Other	0.00	20.47
Cash	2.62	0.00

## Active Exposure by Geography (%)
-21	-18	-15	-12	-9	-6	-3	0	3	6	9	12
MarketCap Breakdown (USD - %)
36
32
28
24
20
16
12
8
4
0	500mn To 1bn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	1.58	2.31	10.01	12.46	22.95	27.55	10.22	10.30	2.62
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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|  |  |  |  |  |  |
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160
140
120
100
80
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* (25.58%)	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 = 95.9% Benchmark = 99.4% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 97.4%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 98.5% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 10.58 | 17.33 | 15.26 | 14.60 |  |
| Benchmark Volatilität (%) | 10.65 | 18.20 | 15.36 | 14.14 |  |
| Relatives Risiko/Tracking Error  (%) | 5.79 | 5.92 | 5.44 | 5.80 |  |
| Sharpe Ratio | 1.67 | 0.46 | 0.55 | 0.61 |  |
| Information Ratio | -1.62 | -0.58 | -0.51 | 0.04 |  |


## Wertentwicklung (Brutto, Netto in %)
20
10
0
|  | 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 | 3.91 | 14.91 | -5.61 | 14.00 | 16.71 |  |
|  | Netto-Wertentwicklung | 1.87 | 14.91 | -5.61 | 14.00 | 16.71 |  |

-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* | -3.43 | -0.47 | 3.57 | 6.14 | 25.58 | 49.94 | 16.71 | 14.00 | -5.61 | 14.91 | 3.91 | 239.32 |
| Benchmark | -4.13 | -1.05 | 6.26 | 11.12 | 42.69 | 80.07 | 27.44 | 10.44 | 1.38 | 12.27 | 12.41 | 295.72 |
| Abstände | 0.70 | 0.58 | -2.69 | -4.98 | -17.10 | -30.13 | -10.73 | 3.55 | -6.99 | 2.64 | -8.50 | -56.40 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 14.15 | 21.34 | -2.35 | 13.07 | -9.99 | 5.96 | 21.98 | 36.40 | 17.31 | 5.63 |
| Benchmark | 16.25 | 26.60 | -2.89 | 19.80 | -6.81 | 6.60 | 18.10 | 36.27 | 18.35 | 10.17 |
| Abstände | -2.10 | -5.26 | 0.54 | -6.73 | -3.18 | -0.63 | 3.89 | 0.14 | -1.04 | -4.54 |

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 | 3.89 | 0.28 | 3.60 | Pharmazeutika | Großbritannien |
| NIKE Inc | 3.77 | 0.28 | 3.49 | Fußbekleidung | Vereinigten Staaten |
| Service Corp International | 3.42 | - | 3.42 | Spezialisierte Verbraucherd. | Vereinigten Staaten |
| Brunswick Corp | 3.06 | - | 3.06 | Freizeitartikel | Vereinigten Staaten |
| Julius Baer Group Ltd | 2.91 | 0.02 | 2.89 | Vermögensverw.- & Depotbanken | Schweiz |
| UnitedHealth Group Inc | 2.60 | 0.56 | 2.04 | Private Gesundheitsversorgung | Vereinigten Staaten |
| Thermo Fisher Scientific Inc | 2.57 | 0.34 | 2.23 | Biow. Hilfsm. & Dienstl. | Vereinigten Staaten |
| Prudential PLC | 2.52 | 0.08 | 2.45 | Lebens- und Krankenvers. | Großbritannien |
| Unicharm Corp | 2.35 | 0.03 | 2.32 | Haushaltsartikel | Japan |
| St James's Place PLC | 2.28 | 0.02 | 2.27 | Vermögensverw.- & Depotbanken | Großbritannien |
| Summe (%) | 29.37 | 1.61 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| AstraZeneca PLC | 3.89 | 0.28 | 3.60 |  | Apple Inc | 0.00 | 3.59 | -3.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NIKE Inc | 3.77 | 0.28 | 3.49 |  | Microsoft Corp | 0.00 | 3.07 | -3.07 |
| Service Corp International | 3.42 | 0.00 | 3.42 |  | Alphabet Inc | 0.00 | 2.40 | -2.40 |
| Brunswick Corp | 3.06 | 0.00 | 3.06 |  | Amazon.com Inc | 0.00 | 2.27 | -2.27 |
| Julius Baer Group Ltd | 2.91 | 0.02 | 2.89 |  | Facebook Inc | 0.00 | 1.24 | -1.24 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-70	-60	-50	-40	-30	-20	-10	0	10	20
Gesundheitswesen: Ausstattung	15.58	2.42
Pharmazeutika	14.04	4.32
Private Gesundheitsversorgung	6.58	0.87
Bekl. & Zubehör & Luxusgüter	5.40	1.00
Vermögensverw.- & Depotbanken	5.19	1.00
Haushaltsartikel	5.18	0.99
Gesundheitswesen: Dienste	5.15	0.45
Bildungsdienste	3.83	0.01
Fußbekleidung	3.77	0.34
Spezialisierte Verbraucherd.	3.72	0.00
Biow. Hilfsm. & Dienstl.	3.67	1.14
Biotechnologie	3.16	1.60
Sonstige	22.11	85.87
Liquide Mittel	2.62	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Vereinigten Staaten	68.74	59.56
Großbritannien	11.96	3.68
Schweiz	5.96	2.44
Japan	3.78	6.20
Frankreich	3.07	2.87
Niederlande	2.07	1.24
Belgien	1.07	0.23
Schweden	0.73	0.94
Südafrika	0.00	0.38
Taiwan	0.00	1.76
Türkei	0.00	0.03
Thailand	0.00	0.19
Sonstige	0.00	20.47
Liquide Mittel	2.62	0.00

## Aktives Engagement nach geografischen Regionen (%)
-21	-18	-15	-12	-9	-6	-3	0	3	6	9	12

## Aufgliederung nach Marktkapitalisierung (USD - %)
36
32
28
24
20
16
12
8
4
0	Von 500 Mio
bis 1 Mrd
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.	1.58	2.31	10.01	12.46	22.95	27.55	10.22	10.30	2.62
Bench.	-	0.22	0.87	4.30	14.04	33.54	19.81	27.20	-