# Performance & Risk
## Performance Evolution (EUR)
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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* (51.58%)	Benchmark (43.00%)
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 = 96.8% Benchmark = 99.4% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 95.9% 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* (%) | 12.61 | 16.94 | 13.84 | 13.13 |  |
| Benchmark Volatility (%) | 9.57 | 16.61 | 13.52 | 12.54 |  |
| Relative Risk/Tracking Error  (%) | 8.02 | 6.53 | 5.69 | 4.74 |  |
| Sharpe Ratio | 1.43 | 1.01 | 1.19 | 1.14 |  |
| Information Ratio | -1.38 | 0.65 | 0.68 | 0.61 |  |


## 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* | -4.57 | 1.04 | 6.73 | 9.12 | 51.58 | 95.09 | 15.80 | 22.69 | 6.69 | 14.95 | 11.96 | 181.04 |
| Benchmark | -2.35 | 1.25 | 7.76 | 18.12 | 43.00 | 80.21 | 28.94 | 2.68 | 8.01 | 11.73 | 12.79 | 162.40 |
| Excess Return | -2.22 | -0.20 | -1.03 | -8.99 | 8.58 | 14.88 | -13.14 | 20.01 | -1.32 | 3.22 | -0.83 | 18.64 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 19.93 | 35.61 | -4.80 | 10.42 | 4.09 | 8.13 | 22.12 | - | - | - |
| Benchmark | 5.89 | 29.86 | -5.50 | 8.89 | 10.82 | 8.97 | 19.30 | - | - | - |
| Excess Return | 14.04 | 5.75 | 0.70 | 1.52 | -6.73 | -0.84 | 2.82 | - | - | - |

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 |  |  |
| Alphabet Inc | 4.33 | 2.40 | 1.93 | Communication Services | USA |
| Waste Connections Inc | 2.70 | 0.05 | 2.65 | Industrials | USA |
| ServiceNow Inc | 2.58 | 0.19 | 2.40 | Information Technology | USA |
| Amazon.com Inc | 2.55 | 2.27 | 0.28 | Consumer Discretionary | USA |
| DexCom Inc | 2.51 | 0.08 | 2.43 | Health Care | USA |
| Kerry Group PLC | 2.45 | 0.03 | 2.42 | Consumer Staples | Ireland |
| PayPal Holdings Inc | 2.44 | 0.44 | 2.00 | Information Technology | USA |
| Fidelity National Informati... | 2.39 | 0.11 | 2.28 | Information Technology | USA |
| TE Connectivity Ltd | 2.37 | 0.07 | 2.30 | Information Technology | USA |
| Taiwan Semiconductor Manufa... | 2.31 | 0.78 | 1.53 | Information Technology | Taiwan |
| Total (%) | 26.64 | 6.42 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Waste Connections Inc | 2.70 | 0.05 | 2.65 |  | Apple Inc | 1.93 | 3.59 | -1.66 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DexCom Inc | 2.51 | 0.08 | 2.43 |  | Facebook Inc | 0.00 | 1.24 | -1.24 |
| Kerry Group PLC | 2.45 | 0.03 | 2.42 |  | Tesla Inc | 0.00 | 0.96 | -0.96 |
| ServiceNow Inc | 2.58 | 0.19 | 2.40 |  | Microsoft Corp | 2.13 | 3.07 | -0.93 |
| TE Connectivity Ltd | 2.37 | 0.07 | 2.30 |  | NVIDIA Corp | 0.00 | 0.78 | -0.78 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-12	-9	-6	-3	0	3	6	9	12	15	18
Information Technology	37.39	22.31
Health Care	23.15	11.68
Industrials	9.27	9.69
Communication Services	6.81	9.28
Utilities	5.19	2.64
Financials	5.12	14.38
Consumer Discretionary	4.36	12.46
Consumer Staples	4.08	6.76
Real Estate	1.45	2.61
Materials	0.00	4.66
Energy	0.00	3.53
Cash	3.18	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
USA	67.92	59.56
United Kingdom	5.47	3.68
Japan	4.22	6.20
India	3.49	1.46
Germany	3.23	2.33
China	2.85	4.07
Ireland	2.45	0.18
Taiwan	2.31	1.76
Hong Kong	1.41	0.76
Argentina	1.33	0.02
Netherlands	1.30	1.24
Denmark	0.83	0.67
Other	0.00	18.07
Cash	3.18	0.00

## Active Exposure by Geography (%)
-21	-18	-15	-12	-9	-6	-3	0	3	6	9
MarketCap Breakdown (USD - %)
36
32
28
24
20
16
12
8
4
0	1bn To
3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	2.75	6.51	2.72	7.49	31.37	19.66	26.33	3.18
Bench.	0.22	0.87	4.30	14.04	33.54	19.81	27.20	-

Translation (ENDE, 2021-09-30):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)
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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* (51.58%)	Benchmark (43.00%)
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 = 96.8% Benchmark = 99.4% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 95.9%
| 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* (%) | 12.61 | 16.94 | 13.84 | 13.13 |  |
| Benchmark Volatilität (%) | 9.57 | 16.61 | 13.52 | 12.54 |  |
| Relatives Risiko/Tracking Error  (%) | 8.02 | 6.53 | 5.69 | 4.74 |  |
| Sharpe Ratio | 1.43 | 1.01 | 1.19 | 1.14 |  |
| Information Ratio | -1.38 | 0.65 | 0.68 | 0.61 |  |


## Wertentwicklung (Brutto, Netto in %)
30
20
10
0	30/09/2016 -
30/09/2017
30/09/2017 -
30/09/2018
30/09/2018 -
30/09/2019
30/09/2019 -
30/09/2020
30/09/2020 -
30/09/2021
Brutto-Wertentwicklung	11.96	14.95	6.69	22.69	15.80
Netto-Wertentwicklung	6.12	14.95	6.69	22.69	15.80
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* | -4.57 | 1.04 | 6.73 | 9.12 | 51.58 | 95.09 | 15.80 | 22.69 | 6.69 | 14.95 | 11.96 | 181.04 |
| Benchmark | -2.35 | 1.25 | 7.76 | 18.12 | 43.00 | 80.21 | 28.94 | 2.68 | 8.01 | 11.73 | 12.79 | 162.40 |
| Abstände | -2.22 | -0.20 | -1.03 | -8.99 | 8.58 | 14.88 | -13.14 | 20.01 | -1.32 | 3.22 | -0.83 | 18.64 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 19.93 | 35.61 | -4.80 | 10.42 | 4.09 | 8.13 | 22.12 | - | - | - |
| Benchmark | 5.89 | 29.86 | -5.50 | 8.89 | 10.82 | 8.97 | 19.30 | - | - | - |
| Abstände | 14.04 | 5.75 | 0.70 | 1.52 | -6.73 | -0.84 | 2.82 | - | - | - |

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 |  |  |
| Alphabet Inc | 4.33 | 2.40 | 1.93 | Kommunikationsdienste | Vereinigten Staaten |
| Waste Connections Inc | 2.70 | 0.05 | 2.65 | Industrieunternehmen | Vereinigten Staaten |
| ServiceNow Inc | 2.58 | 0.19 | 2.40 | Informatik | Vereinigten Staaten |
| Amazon.com Inc | 2.55 | 2.27 | 0.28 | Dauerh. Konsumg. | Vereinigten Staaten |
| DexCom Inc | 2.51 | 0.08 | 2.43 | Gesundheit | Vereinigten Staaten |
| Kerry Group PLC | 2.45 | 0.03 | 2.42 | Kurzleb. Konsumg. | Irland |
| PayPal Holdings Inc | 2.44 | 0.44 | 2.00 | Informatik | Vereinigten Staaten |
| Fidelity National Informati... | 2.39 | 0.11 | 2.28 | Informatik | Vereinigten Staaten |
| TE Connectivity Ltd | 2.37 | 0.07 | 2.30 | Informatik | Vereinigten Staaten |
| Taiwan Semiconductor Manufa... | 2.31 | 0.78 | 1.53 | Informatik | Taiwan |
| Summe (%) | 26.64 | 6.42 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Waste Connections Inc | 2.70 | 0.05 | 2.65 |  | Apple Inc | 1.93 | 3.59 | -1.66 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DexCom Inc | 2.51 | 0.08 | 2.43 |  | Facebook Inc | 0.00 | 1.24 | -1.24 |
| Kerry Group PLC | 2.45 | 0.03 | 2.42 |  | Tesla Inc | 0.00 | 0.96 | -0.96 |
| ServiceNow Inc | 2.58 | 0.19 | 2.40 |  | Microsoft Corp | 2.13 | 3.07 | -0.93 |
| TE Connectivity Ltd | 2.37 | 0.07 | 2.30 |  | NVIDIA Corp | 0.00 | 0.78 | -0.78 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-12	-9	-6	-3	0	3	6	9	12	15	18
Informatik	37.39	22.31
Gesundheit	23.15	11.68
Industrieunternehmen	9.27	9.69
Kommunikationsdienste	6.81	9.28
Öffentliche Dienste	5.19	2.64
Finanzen	5.12	14.38
Dauerh. Konsumg.	4.36	12.46
Kurzleb. Konsumg.	4.08	6.76
Immobilien	1.45	2.61
Werkstoffe	0.00	4.66
Energie	0.00	3.53
Liquide Mittel	3.18	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Vereinigten Staaten	67.92	59.56
Großbritannien	5.47	3.68
Japan	4.22	6.20
Indien	3.49	1.46
Deutschland	3.23	2.33
China	2.85	4.07
Irland	2.45	0.18
Taiwan	2.31	1.76
Hong-Kong	1.41	0.76
Argentinien	1.33	0.02
Niederlande	1.30	1.24
Dänemark	0.83	0.67
Sonstige	0.00	18.07
Liquide Mittel	3.18	0.00

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

## Aufgliederung nach Marktkapitalisierung (USD - %)
36
32
28
24
20
16
12
8
4
0	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.	2.75	6.51	2.72	7.49	31.37	19.66	26.33	3.18
Bench.	0.22	0.87	4.30	14.04	33.54	19.81	27.20	-