# Performance & Risk
## Performance Evolution (EUR)
Assets Under Management (M)
EUR

### 249.90
Mod. Duration	1.43

## Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 94.4% (not meaningful for coverage below 50%)
15/06/20
Portfolio* (5.84%)
28/02/21
31/08/21
28/02/22
31/08/22
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 basis of net or gross dividend. Please refer to the prospectus for more information.
| Risk Analysis |  |
| --- | --- |
|  | 1Y | 3Y | 5Y | Launch |
| Portfolio Volatility* (%) | 9.98 | - | - | 8.77 |
| Sharpe Ratio | -0.85 | - | - | 0.51 |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y	5Y | 31/08/21 31/08/22 | 31/08/20 31/08/21 | 31/08/19 31/08/20 | 31/08/18 31/08/19 | 31/08/17 31/08/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.55 | -1.97 | -2.64 | -9.15 | -	- | -10.33 | 13.64 | - | - | - | 5.84 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 5.06 | - | - | - | - | - | - | - | - | - |

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.

## Asset Allocation (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Equities | 52.16 | 52.66 | 51.71 | 53.83 | 52.10 | 45.94 | 46.11 | 44.62 | 44.86 | 36.79 | 38.39 | 28.08 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Diversif. | 2.87 | 9.18 | 9.20 | 2.80 | - | - | - | - | - | - | - | - |
| Bonds | 35.93 | 33.48 | 34.19 | 36.74 | 38.23 | 39.74 | 38.02 | 34.60 | 35.24 | 35.46 | 35.65 | 34.72 |
| Monetary | 9.04 | 4.69 | 4.90 | 6.63 | 9.67 | 14.32 | 15.87 | 20.79 | 19.90 | 27.76 | 25.96 | 37.20 |

30/09/2021
29/10/2021
30/11/2021
31/12/2021
31/01/2022
28/02/2022
31/03/2022
29/04/2022
31/05/2022
30/06/2022
29/07/2022
31/08/2022
For the Asset allocation, the equities derivatives exposure is included in the equities part . The counterpart of this exposure is included in the monetary part and gives an overall exposure of 100%.

## Currency Breakdown (%)
70
60
50
40
30
20
10
0	EUR	USD	GBP	JPY	DKK	ZAR	Other
Portfolio	57.31	20.12	3.90	3.64	3.31	2.68	9.04
Source(s): AXA Investment Managers - GICS as at 31/08/2022
For more information about AXA IM, visit axa-im.com
| Sector Breakdown (%) |  |  | Geographical Breakdown (%) |  |
| --- | --- | --- | --- | --- |
|  | Portfolio |  |  | Portfolio |
| Industrials | 36.96 |  | North America | 8.48 |
| Health Care | 26.30 |  | Emerging Markets | 8.40 |
| Materials | 19.30 |  | European Economic Area | 4.99 |
| Utilities | 14.20 |  | Others | 3.40 |
| Financials | 8.53 |  | Japan | 1.61 |
| IT | 6.63 |  | Asia ex Japan | 1.27 |
| Cons. stap. | 5.84 |  |
| Real estate | -1.48 |
| Energy | -3.98 |
| Communication Services | -4.45 |
| Cons. disc. | -7.86 |
| MarketCap Breakdown (EUR - %) |  |

14
12
10
8
6
4
2
0	1bn To
3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Port.	4.00	4.93	5.75	12.56	12.47	7.55	2.03
Source(s): AXA Investment Managers - GICS as at 31/08/2022
For more information about AXA IM, visit axa-im.com
| Top 10 Holdings |  |
| --- | --- |
| Equity	Weighting (%) | Sector | Issuer country | Currency |
| Carrier Global Corp	2.12 | Industrials | North America | USD |
| Taiwan Semiconductor Manufacturing Co Ltd	2.03 | IT | Emerging Markets | TWD |
| Hdfc Bank Limited	1.76 | Financials | Emerging Markets | INR |
| Xylem Inc	1.69 | Industrials | North America | USD |
| Capitec Bank Holdings Ltd	1.60 | Financials | Emerging Markets | ZAR |
| Verbund AG	1.56 | Utilities | European Economic Area | EUR |
| NextEra Energy Inc	1.44 | Utilities | North America | USD |
| Trimble Inc	1.41 | IT | North America | USD |
| Thermo Fisher Scientific Inc	1.36 | Health Care | North America | USD |
| Danaher Corp	1.34 | Health Care | North America | USD |
| Total (%)	16.32 |  |  |  |
| Fixed Income : 35% of the overall portfolio |  |  |  |
| Fund Key Metrics |  |  |  |  |  |
|  | Portfolio |  |  |  | Portfolio |
| Number of Holdings | 165 |  | Mod. Duration |  | 6.43 |
| Number of Issuers | 108 |  | Yield To Worst (%) |  | 3.83 |
| Linear Average Rating | A- |  |  |  |  |
| Top 10 Holdings |  |  |  |  |  |
| Name | Weighting (%) |  | Issuer country | Modified duration | Contribution |
| France Government Bond OAT 1.75% 06/25/2039 | 0.97 |  | European Economic Area | 14.2 | 0.10 |
| Royal Bank of Scotland Group VAR 11/15/2025 | 0.46 |  | Others | 2.1 | 0.00 |
| UNEDIC 0.25% 07/16/2035 | 0.42 |  | European Economic Area | 12.3 | 0.10 |
| Nederlandse Waterschapsbank NV 1.5% 06/15/2039 | 0.41 |  | European Economic Area | 14.4 | 0.10 |
| RATP 0.875% 05/25/2027 | 0.38 |  | European Economic Area | 4.5 | 0.00 |
| Welltower Inc 2.7% 02/15/2027 | 0.37 |  | North America | 4.0 | 0.00 |
| Italy (Republic of) 1.5% 04/30/2045 | 0.36 |  | European Economic Area | 17.4 | 0.10 |
| Danone SA 1% 03/26/2025 | 0.35 |  | European Economic Area | 2.2 | 0.00 |
| France Government Bond OAT 0.1% 07/25/2038 | 0.35 |  | European Economic Area | 15.8 | 0.10 |
| Australia & New Zealand Bank VAR 11/21/2029 | 0.35 |  | Asia ex Japan | 2.1 | 0.00 |
| Total (%) | 4.42 |  |  |  |  |

Source(s): AXA Investment Managers - GICS as at 31/08/2022
For more information about AXA IM, visit axa-im.com

## Maturity Breakdown (%)
10
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |

8
6
4
2
| 0 | 0-1 year | 1-3 years | 3-5 years | 5-7 years | 7-10 years | 10-20 years | +20 years |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 0.30 | 4.14 | 8.18 | 5.83 | 8.29 | 4.53 | 3.54 |


## Rating Breakdown (%)
20
16
12
8
4
0	AAA	AA	A	BBB	BB	B
Portfolio	2.13	4.49	7.01	17.83	3.18	0.17

## Instrument Type Breakdown (%)
10
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
|  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |

8
6
4
2
| 0 | Industrials | Financial | Quasi & Foreign Government | Utility | Sovereign | Covered | Securitized |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 9.52 | 9.41 | 6.42 | 6.26 | 2.72 | 0.34 | 0.13 |

Source(s): AXA Investment Managers - GICS as at 31/08/2022
For more information about AXA IM, visit axa-im.com

Translation (ENDE, 2022-08-31):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)
Nettovermögen (M)
EUR

### 249.90
Mod. Duration	1.43

## Fonds-Profile
ESG-Rating
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 94.4% (nicht bedeutend bei einer Abdeckung von weniger als 50
%)
15/06/20
Portfolio* (5.84%)
28/02/21
31/08/21
28/02/22
31/08/22
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 berechnet sein. Weitere Informationen entnehmen Sie bitte dem Fondsprospekt.
| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 9.98 | - | - | 8.77 |
| Sharpe Ratio | -0.85 | - | - | 0.51 |


## Wertentwicklung (Brutto, Netto in %)
20
10
0
-10
-20
31/08/2020 - 31/08/2021	31/08/2021 - 31/08/2022
| Brutto-Wertentwicklung | 13.64 | -10.33 |
| --- | --- | --- |
| Netto-Wertentwicklung | 7.72 | -10.33 |

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

## Rollierende Wertentwicklung (%)
|  | 1M | 3M | 6M | YTD | 3J	5J | 31/08/21 31/08/22 | 31/08/20 31/08/21 | 31/08/19 31/08/20 | 31/08/18 31/08/19 | 31/08/17 31/08/18 | Auflage |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -1.55 | -1.97 | -2.64 | -9.15 | -	- | -10.33 | 13.64 | - | - | - | 5.84 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 5.06 | - | - | - | - | - | - | - | - | - |

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.

## Portfolio-Strukterierung (%)
0	10	20	30	40	50	60	70	80	90	100	110
| Aktien | 52.16 | 52.66 | 51.71 | 53.83 | 52.10 | 45.94 | 46.11 | 44.62 | 44.86 | 36.79 | 38.39 | 28.08 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Diversifizierung | 2.87 | 9.18 | 9.20 | 2.80 | - | - | - | - | - | - | - | - |
| Anleihen | 35.93 | 33.48 | 34.19 | 36.74 | 38.23 | 39.74 | 38.02 | 34.60 | 35.24 | 35.46 | 35.65 | 34.72 |
| Geldmarkt | 9.04 | 4.69 | 4.90 | 6.63 | 9.67 | 14.32 | 15.87 | 20.79 | 19.90 | 27.76 | 25.96 | 37.20 |

30/09/2021
29/10/2021
30/11/2021
31/12/2021
31/01/2022
28/02/2022
31/03/2022
29/04/2022
31/05/2022
30/06/2022
29/07/2022
31/08/2022
Im Bereich 'Anlagenaufteilung' sind Aktienderivate im Aktienanteil berücksichtigt. Der Gegenpart dazu ist im Geldmarktanteil berücksichtigt, so dass die Aufteilung insgesamt 100% ergibt.

## Engagement nach Währung (%)
70
60
50
40
30
20
10
0	EUR	USD	GBP	JPY	DKK	ZAR	Sonstige
Portfolio	57.31	20.12	3.90	3.64	3.31	2.68	9.04
Quellen : AXA Investment Managers - GICS per 31/08/2022
Weitere Informationen über AXA IM finden Sie unter axa-im.com
| Sektorengewichtung (%) |  |  | Geographische Ausrichtung (%) |  |
| --- | --- | --- | --- | --- |
|  | Portfolio |  |  | Portfolio |
| Industrie | 36.96 |  | Aufstrebende Märkte | 8.84 |
| Gesundheit | 26.30 |  | Nordamerika | 8.44 |
| Werkstoffe | 19.30 |  | Europäischer Wirtschaftsraum | 5.02 |
| Öffentl. Dienste | 14.20 |  | Sonstige | 3.41 |
| Finanzen | 8.53 |  | Japan | 1.61 |
| Informatik | 6.63 |  | Asien ex Japan | 0.84 |
| Kurzleb. Konsumg. | 5.84 |  |
| Immobilien | -1.48 |
| Energie | -3.98 |
| Komm. Dienste | -4.45 |
| Dauerh. Konsumg. | -7.86 |


## Aufgliederung nach Marktkapitalisierung (EUR - %)
14
12
10
8
6
4
2
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.
Port.	4.00	4.93	5.75	12.56	12.47	7.55	2.03
Quellen : AXA Investment Managers - GICS per 31/08/2022
Weitere Informationen über AXA IM finden Sie unter axa-im.com

## Top 10 Positionen
Aktie	Gewichtung (%)	Kategorie	Investiert in	Währung Carrier Global Corp		2.12	Industrie	Nordamerika	USD Taiwan Semiconductor Manufacturing Co Ltd		2.03	Informatik	Aufstrebende Märkte	TWD Hdfc Bank Limited		1.76	Finanzen	Aufstrebende Märkte	INR
Xylem Inc	1.69	Industrie	Nordamerika	USD
Capitec Bank Holdings Ltd	1.60	Finanzen	Aufstrebende Märkte	ZAR
Verbund AG	1.56	Öffentl. Dienste	Europäischer Wirtschaftsraum	EUR
NextEra Energy Inc	1.44	Öffentl. Dienste	Nordamerika	USD
Trimble Inc	1.41	Informatik	Nordamerika	USD
Thermo Fisher Scientific Inc	1.36	Gesundheit	Nordamerika	USD
Danaher Corp	1.34	Gesundheit	Nordamerika	USD
Summe (%)	16.32
Anleihen : 35% des Gesamtportfolios

## Fondsindikatoren
Portfolio
Anzahl Positionen	165
Anzahl Emittenten	108
Portfolio
Mod. Duration	6.43
Yield-to-Worst (%)	3.83
| Durchschnittliches Rating (Linear) | A- |  |
| --- | --- | --- |
| Die grössten Werte |  |
| Name | Gewichtung (%) | Investiert in | Sensitivität | Beitrag |
| France Government Bond OAT 1.75% 06/25/2039 | 0.97 | Europäischer Wirtschaftsraum | 14.2 | 0.10 |
| Royal Bank of Scotland Group VAR 11/15/2025 | 0.46 | Sonstige | 2.1 | 0.00 |
| UNEDIC 0.25% 07/16/2035 | 0.42 | Europäischer Wirtschaftsraum | 12.3 | 0.10 |
| Nederlandse Waterschapsbank NV 1.5% 06/15/2039 | 0.41 | Europäischer Wirtschaftsraum | 14.4 | 0.10 |
| RATP 0.875% 05/25/2027 | 0.38 | Europäischer Wirtschaftsraum | 4.5 | 0.00 |
| Welltower Inc 2.7% 02/15/2027 | 0.37 | Nordamerika | 4.0 | 0.00 |
| Italy (Republic of) 1.5% 04/30/2045 | 0.36 | Europäischer Wirtschaftsraum | 17.4 | 0.10 |
| Danone SA 1% 03/26/2025 | 0.35 | Europäischer Wirtschaftsraum | 2.2 | 0.00 |
| France Government Bond OAT 0.1% 07/25/2038 | 0.35 | Europäischer Wirtschaftsraum | 15.8 | 0.10 |
| Australia & New Zealand Bank VAR 11/21/2029 | 0.35 | Asien ex Japan | 2.1 | 0.00 |
| Summe (%) | 4.42 |  |  |  |

Quellen : AXA Investment Managers - GICS per 31/08/2022
Weitere Informationen über AXA IM finden Sie unter axa-im.com

## Engagement nach Laufzeit (%)
10
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
|  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |

8
6
4
2
| 0 | 0-1 Jahre | 1-3 Jahre | 3-5 Jahre | 5-7 Jahre | 7-10 Jahre | 10-20 Jahre | +20 Jahre |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 0.30 | 4.14 | 8.18 | 5.83 | 8.29 | 4.53 | 3.54 |


## Engagement nach Rating (%)
20
16
12
8
4
0	AAA	AA	A	BBB	BB	B
Portfolio	2.13	4.49	7.01	17.83	3.18	0.17

## Titelstruktur (%)
10
|  |  |  |  |  |
| --- | --- | --- | --- | --- |
|  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |

8
6
4
2
| 0 | Industrie | Finanzen | Quasi & Foreign Government | Versorgungsbetriebe | Sovereign | Covered | Securitized |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 9.52 | 9.41 | 6.42 | 6.26 | 2.72 | 0.34 | 0.13 |

Quellen : AXA Investment Managers - GICS per 31/08/2022
Weitere Informationen über AXA IM finden Sie unter axa-im.com