# Performance & Risk
## Performance Evolution (USD)
USD

### 142.67
Port.	Bench.
Number of Holdings	136	129
Turnover: Rolling 1Y (%)	123	-
Active Share (%)	47	-

## 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* (17.94%)	Benchmark (21.65%)
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,
% of AUM covered by ESG absolute rating: Portfolio = 93.7% Benchmark = 97.6% (not meaningful for coverage below 50%)
| 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. | % of AUM covered by CO2 intensity indicator: Portfolio = 98.2% Benchmark = 97.5% (not meaningful for |
| --- | --- |
| coverage below 50%) |
| Risk Analysis |  |  |  |  |  |
|  | 1Y | 3Y | 5Y | Launch |  |
| Portfolio Volatility* (%) | 13.00 | 21.43 | 17.55 | 19.71 |  |
| Benchmark Volatility (%) | 13.46 | 20.63 | 16.83 | 19.79 |  |
| Relative Risk/Tracking Error  (%) | 3.34 | 2.99 | 2.64 | 3.41 |  |
| Sharpe Ratio | 2.17 | 0.28 | 0.41 | 0.37 |  |
| Information Ratio | 0.88 | 0.16 | 0.27 | 0.29 |  |


## 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* | -3.67 | -4.65 | -0.33 | 6.00 | 17.94 | 39.38 | 26.87 | -4.64 | -2.52 | 4.71 | 12.86 | 387.69 |
| Benchmark | -3.61 | -4.40 | 0.16 | 4.78 | 21.65 | 45.15 | 25.80 | -6.13 | 3.01 | 4.27 | 14.44 | 442.56 |
| Excess Return | -0.07 | -0.26 | -0.48 | 1.22 | -3.70 | -5.77 | 1.07 | 1.49 | -5.52 | 0.44 | -1.58 | -54.87 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 8.13 | 15.37 | -13.12 | 25.22 | 7.08 | -11.09 | -5.12 | 5.42 | 25.26 | -12.93 |
| Benchmark | 6.55 | 18.36 | -10.30 | 25.88 | 7.85 | -8.47 | -0.47 | 5.49 | 24.57 | -12.79 |
| Excess Return | 1.58 | -2.99 | -2.82 | -0.66 | -0.77 | -2.62 | -4.65 | -0.07 | 0.69 | -0.14 |

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 |  |  |
| AIA Group Ltd | 7.39 | 7.34 | 0.05 | Financials | Hong Kong |
| Commonwealth Bank of Australia | 5.72 | 7.02 | -1.30 | Financials | Australia |
| Hong Kong Exchanges & Clear... | 5.36 | 3.90 | 1.46 | Financials | Hong Kong |
| National Australia Bank Ltd | 4.84 | 3.48 | 1.36 | Financials | Australia |
| Australia & New Zealand Ban... | 4.55 | 3.04 | 1.52 | Financials | Australia |
| Macquarie Group Ltd | 3.74 | 2.37 | 1.37 | Financials | Australia |
| CSL Ltd | 3.70 | 5.06 | -1.36 | Health Care | Australia |
| DBS Group Holdings Ltd | 3.46 | 2.12 | 1.34 | Financials | Singapore |
| BHP Group Ltd | 2.78 | 4.20 | -1.42 | Materials | Australia |
| United Overseas Bank Ltd | 2.49 | 1.18 | 1.31 | Financials | Singapore |
| Total (%) | 44.05 | 39.71 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Australia & New Zealand Banking ... | 4.55 | 3.04 | 1.52 |  | Woolworths Group Ltd | 0.41 | 1.89 | -1.48 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Hong Kong Exchanges & Clearing Ltd | 5.36 | 3.90 | 1.46 |  | Westpac Banking Corp | 2.14 | 3.62 | -1.47 |
| Macquarie Group Ltd | 3.74 | 2.37 | 1.37 |  | Transurban Group | 0.00 | 1.47 | -1.47 |
| National Australia Bank Ltd | 4.84 | 3.48 | 1.36 |  | Wesfarmers Ltd | 0.97 | 2.40 | -1.43 |
| DBS Group Holdings Ltd | 3.46 | 2.12 | 1.34 |  | BHP Group Ltd | 2.78 | 4.20 | -1.42 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-3	-2	-1	0	1	2	3	4	5	6	7	8
Financials	47.91	40.26
Real Estate	12.47	10.43
Materials	9.73	9.95
Industrials	7.51	8.41
Health Care	6.81	7.70
Consumer Discretionary	4.67	6.16
Information Technology	2.87	2.57
Energy	2.83	2.64
Communication Services	1.37	3.87
Consumer Staples	1.34	4.12
Utilities	1.32	3.90
Cash	1.16	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
Australia	59.56	60.71
Hong Kong	24.09	26.19
Singapore	8.08	10.26
China	3.65	0.00
New Zealand	2.84	2.84
United States	0.53	0.00
Malaysia	0.06	0.00
Taiwan	0.03	0.00
Cash	1.16	0.00

## Active Exposure by Geography (%)
-3	-2	-1	0	1	2	3	4
MarketCap Breakdown (USD - %)
60
50
40
30
20
10
0	0 To
250mn
250mn To 500mn
500mn To 1bn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
Cash
Port.	0.12	1.08	1.57	8.46	8.69	11.76	11.87	42.18	13.11	1.16
Bench.	0.16	-	-	0.14	1.88	12.89	20.39	49.04	15.51	-

Translation (ENDE, 2021-09-30):
# Wertentwicklung & Risiken
Wertentwicklung (USD)
USD

### 142.67
Port.	Bench.
Anzahl Positionen	136	129
Umschlagsrate 1J (%)	123	-
Aktiver Anteil (%)	47	-

## 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* (17.94%)	Benchmark (21.65%)
Die Daten von AXA IM sind auf der Basis von 100 zum Anfangsdatum der Grafik angegeben.
| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 13.00 | 21.43 | 17.55 | 19.71 |
| Benchmark Volatilität (%) | 13.46 | 20.63 | 16.83 | 19.79 |
| Relatives Risiko/Tracking Error  (%) | 3.34 | 2.99 | 2.64 | 3.41 |
| Sharpe Ratio | 2.17 | 0.28 | 0.41 | 0.37 |
| Information Ratio | 0.88 | 0.16 | 0.27 | 0.29 |

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.
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 93.7% Benchmark = 97.6% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 98.2% Benchmark = 97.5% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)

## Wertentwicklung (Brutto, Netto in %)
30
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 | 12.86 | 4.71 | -2.52 | -4.64 | 26.87 |  |
|  | Netto-Wertentwicklung | 8.00 | 4.71 | -2.52 | -4.64 | 26.87 |  |

-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* | -3.67 | -4.65 | -0.33 | 6.00 | 17.94 | 39.38 | 26.87 | -4.64 | -2.52 | 4.71 | 12.86 | 387.69 |
| Benchmark | -3.61 | -4.40 | 0.16 | 4.78 | 21.65 | 45.15 | 25.80 | -6.13 | 3.01 | 4.27 | 14.44 | 442.56 |
| Abstände | -0.07 | -0.26 | -0.48 | 1.22 | -3.70 | -5.77 | 1.07 | 1.49 | -5.52 | 0.44 | -1.58 | -54.87 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 8.13 | 15.37 | -13.12 | 25.22 | 7.08 | -11.09 | -5.12 | 5.42 | 25.26 | -12.93 |
| Benchmark | 6.55 | 18.36 | -10.30 | 25.88 | 7.85 | -8.47 | -0.47 | 5.49 | 24.57 | -12.79 |
| Abstände | 1.58 | -2.99 | -2.82 | -0.66 | -0.77 | -2.62 | -4.65 | -0.07 | 0.69 | -0.14 |

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 |  |  |
| AIA Group Ltd | 7.39 | 7.34 | 0.05 | Finanzen | Hong-Kong |
| Commonwealth Bank of Australia | 5.72 | 7.02 | -1.30 | Finanzen | Australien |
| Hong Kong Exchanges & Clear... | 5.36 | 3.90 | 1.46 | Finanzen | Hong-Kong |
| National Australia Bank Ltd | 4.84 | 3.48 | 1.36 | Finanzen | Australien |
| Australia & New Zealand Ban... | 4.55 | 3.04 | 1.52 | Finanzen | Australien |
| Macquarie Group Ltd | 3.74 | 2.37 | 1.37 | Finanzen | Australien |
| CSL Ltd | 3.70 | 5.06 | -1.36 | Gesundheit | Australien |
| DBS Group Holdings Ltd | 3.46 | 2.12 | 1.34 | Finanzen | Singapur |
| BHP Group Ltd | 2.78 | 4.20 | -1.42 | Werkstoffe | Australien |
| United Overseas Bank Ltd | 2.49 | 1.18 | 1.31 | Finanzen | Singapur |
| Summe (%) | 44.05 | 39.71 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Australia & New Zealand Banking ... | 4.55 | 3.04 | 1.52 |  | Woolworths Group Ltd | 0.41 | 1.89 | -1.48 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Hong Kong Exchanges & Clearing Ltd | 5.36 | 3.90 | 1.46 |  | Westpac Banking Corp | 2.14 | 3.62 | -1.47 |
| Macquarie Group Ltd | 3.74 | 2.37 | 1.37 |  | Transurban Group | 0.00 | 1.47 | -1.47 |
| National Australia Bank Ltd | 4.84 | 3.48 | 1.36 |  | Wesfarmers Ltd | 0.97 | 2.40 | -1.43 |
| DBS Group Holdings Ltd | 3.46 | 2.12 | 1.34 |  | BHP Group Ltd | 2.78 | 4.20 | -1.42 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-3	-2	-1	0	1	2	3	4	5	6	7	8
Finanzen	47.91	40.26
Immobilien	12.47	10.43
Werkstoffe	9.73	9.95
Industrieunternehmen	7.51	8.41
Gesundheit	6.81	7.70
Dauerh. Konsumg.	4.67	6.16
Informatik	2.87	2.57
Energie	2.83	2.64
Kommunikationsdienste	1.37	3.87
Kurzleb. Konsumg.	1.34	4.12
Öffentliche Dienste	1.32	3.90
Liquide Mittel	1.16	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Australien	59.56	60.71
Hong-Kong	24.09	26.19
Singapur	8.08	10.26
China	3.65	0.00
Neuseeland	2.84	2.84
Vereinigten Staaten	0.53	0.00
Malaysia	0.06	0.00
Taiwan	0.03	0.00
Liquide Mittel	1.16	0.00

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

## Aufgliederung nach Marktkapitalisierung (USD - %)
60
50
40
30
20
10
Von 0 bis
250 Moi
Von 250 bis
500 Moi
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
Liquide
Mittel
0
| Port. | 0.12 | 1.08 | 1.57 | 8.46 | 8.69 | 11.76 | 11.87 | 42.18 | 13.11 | 1.16 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bench. | 0.16 | - | - | 0.14 | 1.88 | 12.89 | 20.39 | 49.04 | 15.51 | - |