# Portfolio analysis
28.79%
26.53%
15.31%

## Sector breakdown
35%
30%
25%
20%
15%
10%
5%
0%
Inf. techno.
12.92%
Cons. disc.
13.58%
13.79%
13.49%
14.62%
Financials	Health Care
8.68%
9.60%
6.65%
6.70%
Industrials	Cons. stap.
4.59%
5.86%
3.02%
2.49%
2.39%
1.94%
Energy	Materials	Telecomm. serv.
2.01%
2.83%
1.49%
2.73%
Utilities		Real estate
Portfolio	Performance Indicator*

## Main stocks
Apple Inc	4.07%	4.55%		 Inf. techno.	United States Amazon.com Inc	4.06%	3.30%		 Cons. disc.	United States Microsoft Corp	3.12%	3.51%		 Inf. techno.	United States Alphabet Inc	2.54%	3.00%		 Inf. techno.	United States JPMorgan Chase & Co	2.10%	1.59%			Financials	United States Verizon Communications Inc	1.69%	0.91%	Telecomm. serv.	United States Johnson & Johnson	1.62%	1.47%		Health Care	United States Intel Corp	1.55%	0.92%		 Inf. techno.	United States NVIDIA Corp              1.44%            0.69%           Inf. techno.         United States Medtronic PLC             1.34%             0.53%           Health Care          United States Number of Holdings          213
% Cash	0.50%

## Top 5 overweight	Top 5 underweight
| Overweightings	Portfolio Performance Indicator* |  | Underweightings	Portfolio Performance Indicator* |
| --- | --- | --- |
| Amazon.com Inc | 4.06% | 3.30% |  | Apple Inc | 4.07% | 4.55% |
| Verizon Communications Inc | 1.69% | 0.91% |  | Alphabet Inc | 2.54% | 3.00% |
| NVIDIA Corp | 1.44% | 0.69% |  | Altria Group Inc | 0.00% | 0.45% |
| Medtronic PLC | 1.34% | 0.53% |  | Philip Morris International Inc | 0.00% | 0.49% |
| Adobe Systems Inc | 1.29% | 0.53% |  | Wells Fargo & Co | 0.00% | 1.04% |

* Performance indicator : Please refer to the Benchmark section in the characteristics/disclaimers part of the document.
Source(s): AXA Investment Managers - GICS as at 31/08/2018

Translation (ENDE, 2018-08-31):
# Portfolioanalyse
28.79%
26.53%
15.31%

## Engagement nach Sektor (% des Portfolios)
35%
30%
25%
20%
15%
10%
5%
0%
Informatik		Dauerh. Konsumg.
12.92%
13.58%
13.79%
13.49%
14.62%
8.68%
9.60%
6.65%
6.70%
Finanzen	Gesundheit	Industrie	Kurzleb.
Konsumg.
4.59%
5.86%
3.02%
2.49%
2.39%
1.94%
2.01%
2.83%
Energie	Werkstoffe	Telekom	Öffentl.
Dienste
1.49%
2.73%
Immobilien
Portfolio	Interner Vergleichsindex*
| Die grössten Werte |  |
| --- | --- |
| Aktie |  | Gewichtung | Sektor | Investiert in |
|  | Portfolio | Interner Vergleichsindex* |  |  |
| Apple Inc | 4.07% | 4.55% | Informatik | Vereinigten Staaten |
| Amazon.com Inc | 4.06% | 3.30% | Dauerh. Konsumg. | Vereinigten Staaten |
| Microsoft Corp | 3.12% | 3.51% | Informatik | Vereinigten Staaten |
| Alphabet Inc | 2.54% | 3.00% | Informatik | Vereinigten Staaten |
| JPMorgan Chase & Co | 2.10% | 1.59% | Finanzen | Vereinigten Staaten |
| Verizon Communications Inc | 1.69% | 0.91% | Telekom | Vereinigten Staaten |
| Johnson & Johnson | 1.62% | 1.47% | Gesundheit | Vereinigten Staaten |
| Intel Corp | 1.55% | 0.92% | Informatik | Vereinigten Staaten |
| NVIDIA Corp | 1.44% | 0.69% | Informatik | Vereinigten Staaten |
| Medtronic PLC | 1.34% | 0.53% | Gesundheit | Vereinigten Staaten |
| Anzahl Positionen | 213 |  |  |  |
| % Liquide Mittel | 0.50% |  |  |  |


## Top 5 übergewichtete Positionen	Top 5 untergewichtete Positionen
| Portfolio Interner Vergleichsindex* |  | Portfolio Interner Vergleichsindex* |
| --- | --- | --- |
| Amazon.com Inc | 4.06% | 3.30% |  | Apple Inc | 4.07% | 4.55% |
| Verizon Communications Inc | 1.69% | 0.91% |  | Alphabet Inc | 2.54% | 3.00% |
| NVIDIA Corp | 1.44% | 0.69% |  | Altria Group Inc | 0.00% | 0.45% |
| Medtronic PLC | 1.34% | 0.53% |  | Philip Morris International Inc | 0.00% | 0.49% |
| Adobe Systems Inc | 1.29% | 0.53% |  | Wells Fargo & Co | 0.00% | 1.04% |

* Interner Vergleichsindex : Wir verweisen auf die Angaben unter der Überschrift Interner Vergleichsindex in den Charakteristika/Disclaimern weiter unten Quellen : AXA Investment Managers - GICS per 31/08/2018