# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
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160
140
120
100
80
60
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* (16.60%)	Benchmark (29.44%)
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 = 99.7% Benchmark = 100.0% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 99.6% Benchmark = 99.9% (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* (%) | 11.41 | 18.61 | 16.03 | 16.06 |  |
| Benchmark Volatility (%) | 10.91 | 16.65 | 14.55 | 15.38 |  |
| Relative Risk/Tracking Error  (%) | 2.50 | 3.32 | 3.02 | 3.11 |  |
| Sharpe Ratio | 1.25 | 0.35 | 0.26 | 0.14 |  |
| Information Ratio | -0.55 | -0.85 | -0.93 | -0.15 |  |


## 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* | -4.23 | -0.05 | -2.70 | -6.17 | 16.60 | 15.35 | 13.01 | 2.20 | 0.96 | -6.55 | 5.87 | 94.60 |
| Benchmark | -3.01 | -0.94 | -1.95 | -6.28 | 29.44 | 37.65 | 15.43 | 8.87 | 3.00 | 1.26 | 5.02 | 154.57 |
| Excess Return | -1.22 | 0.88 | -0.75 | 0.11 | -12.85 | -22.30 | -2.42 | -6.67 | -2.05 | -7.81 | 0.85 | -59.97 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 23.23 | -10.48 | 24.75 | -16.23 | 9.30 | 0.67 | 7.85 | 6.76 | 23.59 | 16.89 |
| Benchmark | 24.97 | -3.09 | 26.67 | -10.94 | 10.24 | 2.03 | 9.27 | 6.76 | 19.77 | 16.92 |
| Excess Return | -1.73 | -7.39 | -1.92 | -5.29 | -0.95 | -1.35 | -1.42 | 0.00 | 3.82 | -0.04 |

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 |  |  |
| Roche Holding AG | 3.41 | 2.70 | 0.71 | Health Care | Switzerland |
| Diageo PLC | 2.19 | 1.12 | 1.07 | Consumer Staples | United Kingdom |
| Allianz SE | 1.92 | 0.90 | 1.02 | Financials | Germany |
| Sanofi | 1.91 | 1.14 | 0.77 | Health Care | France |
| L'Oreal SA | 1.90 | 0.96 | 0.94 | Consumer Staples | France |
| Unilever PLC | 1.82 | 1.25 | 0.57 | Consumer Staples | United Kingdom |
| LVMH Moet Hennessy Louis Vu... | 1.77 | 1.97 | -0.20 | Consumer Discretionary | France |
| GlaxoSmithKline PLC | 1.76 | 1.00 | 0.76 | Health Care | United Kingdom |
| Ubs Group AG | 1.52 | 0.62 | 0.90 | Financials | Switzerland |
| Cie Financiere Richemont SA | 1.50 | 0.68 | 0.82 | Consumer Discretionary | Switzerland |
| Total (%) | 19.71 | 12.35 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Bunzl PLC | 1.24 | 0.13 | 1.12 |  | Nestle SA | 0.94 | 3.52 | -2.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Ferguson PLC | 1.42 | 0.33 | 1.09 |  | Asml Holding NV | 0.63 | 2.67 | -2.04 |
| Jeronimo Martins SGPS SA | 1.13 | 0.06 | 1.07 |  | Shell PLC | 0.00 | 1.95 | -1.95 |
| Diageo PLC | 2.19 | 1.12 | 1.07 |  | British American Tobacco PLC | 0.00 | 0.91 | -0.91 |
| Aurubis AG | 1.06 | 0.00 | 1.06 |  | TotalEnergies SE | 0.39 | 1.23 | -0.84 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)

### -4	-3	-2	-1	0	1	2	3	4
Industrials	18.22	14.61
Financials	17.11	16.20
Consumer Staples	14.74	13.23
Consumer Discretionary	14.14	10.84
Health Care	13.93	14.94
Materials	8.50	7.71
Information Technology	6.52	7.54
Energy	4.42	5.43
Utilities	1.30	4.43
Communication Services	0.85	3.79
Real Estate	0.00	1.28
Cash	0.28	0.00

## Securities Exposure by geographical area (%)
Portfolio	Benchmark
United Kingdom	22.20	23.26
Switzerland	14.52	16.50
France	14.05	17.43
Germany	10.92	12.99
Netherlands	7.42	7.48
Sweden	7.26	5.08
Spain	6.29	3.66
Finland	4.10	1.84
Italy	2.91	3.29
Denmark	2.49	4.03
Belgium	2.14	1.26
Ireland	1.66	1.02
Other	3.75	2.16
Cash	0.28	0.00

## Active Exposure by Geography (%)

### -4	-3	-2	-1	0	1	2	3
MarketCap Breakdown (EUR - %)
48
44
40
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.	0.32	5.63	6.22	11.39	20.71	34.58	14.76	6.12	0.28
Bench.	-	0.02	0.26	6.04	18.83	45.51	21.14	8.19	-

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

## Fonds-Profile
ESG-Rating
|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |

160
140
120
100
80
60
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* (16.60%)	Benchmark (29.44%)
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 = 99.7% Benchmark = 100.0% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 99.6%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 11.41 | 18.61 | 16.03 | 16.06 |  |
| Benchmark Volatilität (%) | 10.91 | 16.65 | 14.55 | 15.38 |  |
| Relatives Risiko/Tracking Error  (%) | 2.50 | 3.32 | 3.02 | 3.11 |  |
| Sharpe Ratio | 1.25 | 0.35 | 0.26 | 0.14 |  |
| Information Ratio | -0.55 | -0.85 | -0.93 | -0.15 |  |


## Wertentwicklung (Brutto, Netto in %)
20
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 | 5.87 | -6.55 | 0.96 | 2.20 | 13.01 |  |
|  | Netto-Wertentwicklung | 5.87 | -6.55 | 0.96 | 2.20 | 13.01 |  |

-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* | -4.23 | -0.05 | -2.70 | -6.17 | 16.60 | 15.35 | 13.01 | 2.20 | 0.96 | -6.55 | 5.87 | 94.60 |
| Benchmark | -3.01 | -0.94 | -1.95 | -6.28 | 29.44 | 37.65 | 15.43 | 8.87 | 3.00 | 1.26 | 5.02 | 154.57 |
| Abstände | -1.22 | 0.88 | -0.75 | 0.11 | -12.85 | -22.30 | -2.42 | -6.67 | -2.05 | -7.81 | 0.85 | -59.97 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 23.23 | -10.48 | 24.75 | -16.23 | 9.30 | 0.67 | 7.85 | 6.76 | 23.59 | 16.89 |
| Benchmark | 24.97 | -3.09 | 26.67 | -10.94 | 10.24 | 2.03 | 9.27 | 6.76 | 19.77 | 16.92 |
| Abstände | -1.73 | -7.39 | -1.92 | -5.29 | -0.95 | -1.35 | -1.42 | 0.00 | 3.82 | -0.04 |

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 |  |  |
| Roche Holding AG | 3.41 | 2.70 | 0.71 | Gesundheit | Schweiz |
| Diageo PLC | 2.19 | 1.12 | 1.07 | Kurzleb. Konsumg. | Großbritannien |
| Allianz SE | 1.92 | 0.90 | 1.02 | Finanzen | Deutschland |
| Sanofi | 1.91 | 1.14 | 0.77 | Gesundheit | Frankreich |
| L'Oreal SA | 1.90 | 0.96 | 0.94 | Kurzleb. Konsumg. | Frankreich |
| Unilever PLC | 1.82 | 1.25 | 0.57 | Kurzleb. Konsumg. | Großbritannien |
| LVMH Moet Hennessy Louis Vu... | 1.77 | 1.97 | -0.20 | Dauerh. Konsumg. | Frankreich |
| GlaxoSmithKline PLC | 1.76 | 1.00 | 0.76 | Gesundheit | Großbritannien |
| Ubs Group AG | 1.52 | 0.62 | 0.90 | Finanzen | Schweiz |
| Cie Financiere Richemont SA | 1.50 | 0.68 | 0.82 | Dauerh. Konsumg. | Schweiz |
| Summe (%) | 19.71 | 12.35 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Bunzl PLC | 1.24 | 0.13 | 1.12 |  | Nestle SA | 0.94 | 3.52 | -2.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Ferguson PLC | 1.42 | 0.33 | 1.09 |  | Asml Holding NV | 0.63 | 2.67 | -2.04 |
| Jeronimo Martins SGPS SA | 1.13 | 0.06 | 1.07 |  | Shell PLC | 0.00 | 1.95 | -1.95 |
| Diageo PLC | 2.19 | 1.12 | 1.07 |  | British American Tobacco PLC | 0.00 | 0.91 | -0.91 |
| Aurubis AG | 1.06 | 0.00 | 1.06 |  | TotalEnergies SE | 0.39 | 1.23 | -0.84 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-4	-3	-2	-1	0	1	2	3	4
Industrieunternehmen	18.22	14.61
Finanzen	17.11	16.20
Kurzleb. Konsumg.	14.74	13.23
Dauerh. Konsumg.	14.14	10.84
Gesundheit	13.93	14.94
Werkstoffe	8.50	7.71
Informatik	6.52	7.54
Energie	4.42	5.43
Öffentliche Dienste	1.30	4.43
Kommunikationsdienste	0.85	3.79
Immobilien	0.00	1.28
Liquide Mittel	0.28	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Großbritannien	22.20	23.26
Schweiz	14.52	16.50
Frankreich	14.05	17.43
Deutschland	10.92	12.99
Niederlande	7.42	7.48
Schweden	7.26	5.08
Spanien	6.29	3.66
Finnland	4.10	1.84
Italien	2.91	3.29
Dänemark	2.49	4.03
Belgien	2.14	1.26
Irland	1.66	1.02
Sonstige	3.75	2.16
Liquide Mittel	0.28	0.00

## Aktives Engagement nach geografischen Regionen (%)
-4	-3	-2	-1	0	1	2	3

## Aufgliederung nach Marktkapitalisierung (EUR - %)
48
44
40
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.	0.32	5.63	6.22	11.39	20.71	34.58	14.76	6.12	0.28
Bench.	-	0.02	0.26	6.04	18.83	45.51	21.14	8.19	-