# AXA WF Global Inflation Bonds A EUR
## Benchmark
Since: 05/09/2006
100% Bloomberg World Inflation-Linked Hedged EUR
| Fund Key Metrics |  |
| --- | --- |
|  | Port. | Bench. |
| Linear Average Rating | AA | AA |
| Mod. Duration | 12.00 | 11.89 |
| Mod. Duration To Worst | 12.00 | 11.89 |
| Yield To Worst (%) | -1.75 | -1.75 |
| Number of Holdings | 117 | 150 |
| Number of Issuers | 13 | 12 |
| Fund Profile |  |  |
| ESG Rating |  |  |
| ESG Relative Rating |  |  |
| CO2 Relative rating |  |  |

% of AUM covered by ESG absolute rating: Portfolio = 99.0% Benchmark = 100.0% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 98.5% Benchmark = 100.0% (not meaningful for coverage below 50%)
| Key Figures (EUR)* Fund Cumulative Performance (%)		Current NAV YTD	1Y	3Y	10Y	Launch	Acc.		Inc. -1.53	+6.05	+15.04	+25.64	+68.26	168.26	108.1 Fund Annualized Performance (%)	Assets Under Management (M) 3 Y.	5 Y.	10 Y.	Launch		EUR +4.78	+2.15	+2.31	+3.42	2 456.51 Dividend Record |  |
| --- | --- |
|  | Record Date | Ex-Date | Dividend per Share | 12 month Yield (%) |
| Dec 2017 | 28/12/2017 | 29/12/2017 | 0.86 | 0.86 |
| Dec 2018 | 27/12/2018 | 28/12/2018 | 1.10 | 1.15 |
| Dec 2019 | 27/12/2019 | 30/12/2019 | 0.41 | 0.41 |
| Dec 2021 | 29/12/2021 | 30/12/2021 | 1.75 | 1.59 |
| 12 Month Yield = (Sum of Dividends) / (Ending NAV). The 12 Month yield is calculated based on the sum of the |
| distributions over the previous 12 months and the latest NAV. The 12 month yield may be higher or lower than |
| the actual annual dividend yield. A positive distribution yield does not imply positive return. Dividends are not |
| guaranteed. Past dividends are not indicative of future dividends. |
| Please note that a positive distribution yield does not imply a positive return. Investors should not make any |
| investment decision solely based on information contained in the table above. You should read the relevant |
| offering document (including the key facts statement) of the fund for further details including the risk factors. |
| Performance & Risk |
| Performance Evolution (EUR) |
| 125 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| 120 |
|  |  |  |  |  |  |  |
| 115 |
|  |  |  |  |  |  |  |
| 110 |
|  |  |  |  |  |  |  |
| 105 |
|  |  |  |  |  |  |  |
| 100 |
|  |  |  |  |  |  |  |
| 95 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20	28/02/21 | 28/08/21 28/02/22 |  |
| Portfolio* (15.04%)	Benchmark (16.86%) |  |
| 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* (%) | 6.29 | 5.88 | 5.08 | 5.60 |
| Benchmark Volatility (%) | 6.28 | 6.02 | 5.16 | 5.52 |
| Relative Risk/Tracking Error  (%) | 0.94 | 0.50 | 0.45 | 0.68 |
| Sharpe Ratio | 1.16 | 1.03 | 0.67 | 0.64 |
| Information Ratio | 0.52 | 0.68 | 0.38 | 0.45 |
| Rolling Performance (%) |  |  |  |  |
| 1M	3M	6M	YTD	3Y	5Y	28/02/21	28/02/20	28/02/19	28/02/18	28/02/17	Launch |
|  |  |  |  |  |  |  | 28/02/22 | 28/02/21 | 29/02/20 | 28/02/19 | 28/02/18 |  |
| Portfolio* | 0.56 | -3.25 | -0.73 | -1.53 | 15.04 | 11.22 | 6.05 | 0.07 | 8.40 | -1.71 | -1.63 | 68.26 |
| Benchmark | 0.23 | -3.40 | -0.70 | -1.88 | 16.86 | 15.04 | 6.45 | 0.80 | 8.90 | -0.49 | -1.07 | 81.33 |
| Excess Return | 0.32 | 0.15 | -0.03 | 0.35 | -1.82 | -3.82 | -0.40 | -0.73 | -0.50 | -1.22 | -0.56 | -13.07 |


## Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 3.61 | 7.80 | 4.49 | -3.38 | 0.62 | 8.11 | -1.11 | 8.26 | -6.54 | 5.36 |
| Benchmark | 4.98 | 8.10 | 4.94 | -2.34 | 1.33 | 8.96 | -1.32 | 8.66 | -5.71 | 5.55 |
| Excess Return | -1.37 | -0.30 | -0.46 | -1.04 | -0.71 | -0.85 | 0.22 | -0.40 | -0.82 | -0.19 |
| 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 |  |  |  |  |
| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| France Government Bond OAT 0.25% 07/25/2024 | 3.98 | France | 2.5 | 0.10 |
| German Inflation Linked Bond 0.1% 04/15/2023 | 3.35 | Germany | 1.2 | 0.04 |
| US Treasury Inflation Idx Bonds 0.625% 01/15/2024 | 3.22 | United States | 1.9 | 0.06 |
| US Treasury Inflation Idx Bonds 0.125% 07/15/2031 | 3.13 | United States | 9.4 | 0.29 |
| US Treasury Inflation Idx Bonds 0.5% 01/15/2028 | 2.46 | United States | 5.8 | 0.14 |
| US Treasury Inflation Idx Bonds 0.5% 04/15/2024 | 2.19 | United States | 2.1 | 0.05 |
| US Treasury Inflation Idx Bonds 0.875% 01/15/2029 | 2.04 | United States | 6.7 | 0.14 |
| US Treasury Inflation Idx Bonds 0.125% 01/15/2031 | 1.97 | United States | 8.9 | 0.17 |
| US Treasury Inflation Idx Bonds 0.375% 07/15/2023 | 1.95 | United States | 1.4 | 0.03 |
| US Treasury Inflation Idx Bonds 0.75% 07/15/2028 | 1.88 | United States | 6.3 | 0.12 |
| Total (%) | 26.17 |  |  |  |

| Sector Breakdown (%) |  |
| --- | --- |
|  | Portfolio | Benchmark |
| Treasury | 97.52 | 100.00 |
| Other | 0.58 | 0.00 |
| Cash | 1.90 | 0.00 |

Contribution to duration by sector
14
|  |  |  |
| --- | --- | --- |
|  |
|  |
|  |
|  |
|  |

12
10
8
6
4
2
0	Treasury	Agencies
| Port. | 11.9 | 0.1 |
| --- | --- | --- |
| Bench. | 11.9 | - |


## Securities Exposure by geographical area (%)	Contribution to Duration by Geography
Portfolio	Benchmark
7
United States	39.59	46.25	6
United Kingdom	28.54	28.85	5
3
France	10.51	8.00	4
Italy	5.89	5.41	2
Germany	5.74	2.79	1
ted om ted tates nce
Italy
ada
pain
any
an
alia
her
0
Japan	2.47	2.66
| Spain | 2.17 | 2.18 |  |  | Uni Kingd Uni S Fra |  | Can S | Germ | Jap | Austr | Ot |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Canada | 1.73 | 1.63 |  | Port. | 6.2	3.8	0.8 | 0.4 | 0.3	0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Other | 1.45 | 2.02 |  | Bench. | 6.0	3.7	0.7 | 0.4 | 0.3	0.1 | 0.3 | 0.1 | 0.1 | 0.1 |
| Cash | 1.90 | 0.00 |  |  |  |  |  |  |  |  |  |
| Maturity Breakdown (%) |  |  |  |  |  |  |  |  |  |  |  |

28
24
20
16
12
8
4
0	0-1 year	1-3 years	3-5 years	5-7 years	7-10 years	10-20 years	+20 years
Portfolio	0.06	24.11	7.25	12.22	13.72	16.89	25.77
Benchmark	-	16.55	15.65	12.90	14.94	16.15	23.81

## Rating Breakdown (%)
60
50
40
30
20
10
0	AAA	AA	A	BBB	Cash
Portfolio	48.51	39.05	3.53	7.01	1.90
Benchmark	52.91	36.85	3.81	6.44	-

## Currency Breakdown (%)
50
40
30
20
10
0	USD	GBP	EUR	JPY	CAD	AUD	SEK	NZD	DKK
| Portfolio | 40.36 | 29.09 | 24.79 | 2.51 | 1.76 | 0.83 | 0.36 | 0.29 | - |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Benchmark | 46.25 | 28.85 | 18.37 | 2.66 | 1.63 | 0.93 | 0.61 | 0.47 | 0.21 |

Translation (ENDE, 2022-02-28):
# AXA WF Global Inflation Bonds A EUR
## Benchmark
Schon seit: 05/09/2006
100% Bloomberg World Inflation-Linked Hedged EUR

## Fondsindikatoren
Port.  Bench.
| Kennzahlen (EUR)* Kumulative Wertentwicklung des Fonds (%)		Aktueller NAV YTD	1J	3J	10J	Auflage	Acc		Aus. -1.53	+6.05	+15.04	+25.64	+68.26	168.26	108.1 Annualisierte Wertentwicklung des Fonds (%)	Nettovermögen (M) 3 J.	5 J.	10 J.	Auflage		EUR +4.78	+2.15	+2.31	+3.42	2 456.51 Dividendenentwicklung |  |
| --- | --- |
|  | Stichtag | ex-Datum |  | Dividende | 12-Monats-Rendite |
|  |  |  |  | je Anteil |  |
| Dez 2017 | 28/12/2017 | 29/12/2017 |  | 0.86 | 0.86 |
| Dez 2018 | 27/12/2018 | 28/12/2018 |  | 1.10 | 1.15 |
| Dez 2019 | 27/12/2019 | 30/12/2019 |  | 0.41 | 0.41 |
| Dez 2021 | 29/12/2021 | 30/12/2021 |  | 1.75 | 1.59 |
| 12-Monatsrendite = (Summe der Dividenden) / (Schluss-NIW). Die 12-Monatsrendite wird basierend auf der |
| Summe der Ausschüttungen in den vorherigen 12 Monaten und dem letzten NIW berechnet. Die |
| 12-Monatsrendite kann höher oder niedriger als die tatsächliche jährliche Dividendenrendite sein. Eine positive |
| Ausschüttungsrendite ist nicht mit einem positiven Gesamtertrag gleichzusetzen. Die Dividenden sind nicht |
| garantiert. Aus den Dividenden in der Vergangenheit kann nicht auf die künftigen Dividenden geschlossen |
| Bitte beachten Sie, dass eine positive Ausschüttungsrendite nicht unbedingt mit einem positiven Gesamtertrag |
| gleichzusetzen ist. Anleger sollten sich bei Anlageentscheidungen nicht ausschließlich auf die in der obigen |
| Tabelle enthaltenen Informationen verlassen. Sie sollten das Angebotsdokument (einschließlich der Eckdaten) |
| des Fonds lesen, das weitere Einzelheiten enthält, unter anderem zu den Risikofaktoren. |
| Wertentwicklung & Risiken |
| Wertentwicklung (EUR) |
| 125 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| 120 |
|  |  |  |  |  |  |  |
| 115 |
|  |  |  |  |  |  |  |
| 110 |
|  |  |  |  |  |  |  |
| 105 |
|  |  |  |  |  |  |  |
| 100 |
|  |  |  |  |  |  |  |
| 95 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20 | 28/02/21 | 28/08/21 28/02/22 |  |
| Portfolio* (15.04%)	Benchmark (16.86%) |  |
| 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. |  |

| Durchschnittliches Rating (Linear) | AA | AA |
| --- | --- | --- |
| Mod. Duration | 12.00 | 11.89 |
| Mod. Duration To Worst | 12.00 | 11.89 |
| Yield-to-Worst (%) | -1.75 | -1.75 |
| Anzahl Positionen | 117 | 150 |
| Anzahl Emittenten | 13 | 12 |
| Fonds-Profile |  |  |
| ESG-Rating |  |  |
| Relatives ESG Rating |  |  |
| Relative CO2-Intensität |  |  |

% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 99.0% Benchmark = 100.0% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 98.5% Benchmark = 100.0% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 6.29 | 5.88 | 5.08 | 5.60 |
| Benchmark Volatilität (%) | 6.28 | 6.02 | 5.16 | 5.52 |
| Relatives Risiko/Tracking Error  (%) | 0.94 | 0.50 | 0.45 | 0.68 |
| Sharpe Ratio | 1.16 | 1.03 | 0.67 | 0.64 |
| Information Ratio | 0.52 | 0.68 | 0.38 | 0.45 |
| Wertentwicklung (Brutto, Netto in %) |  |  |  |  |
| 12 4 -4 |  |  |  |  |
|  |  | 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 | -1.63 | -1.71 | 8.40 | 0.07 | 6.05 |  |
|  | Netto-Wertentwicklung | -4.50 | -1.71 | 8.40 | 0.07 | 6.05 |  |

8
0
-8
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* | 0.56 | -3.25 | -0.73 | -1.53 | 15.04 | 11.22 | 6.05 | 0.07 | 8.40 | -1.71 | -1.63 | 68.26 |
| Benchmark | 0.23 | -3.40 | -0.70 | -1.88 | 16.86 | 15.04 | 6.45 | 0.80 | 8.90 | -0.49 | -1.07 | 81.33 |
| Abstände | 0.32 | 0.15 | -0.03 | 0.35 | -1.82 | -3.82 | -0.40 | -0.73 | -0.50 | -1.22 | -0.56 | -13.07 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 3.61 | 7.80 | 4.49 | -3.38 | 0.62 | 8.11 | -1.11 | 8.26 | -6.54 | 5.36 |
| Benchmark | 4.98 | 8.10 | 4.94 | -2.34 | 1.33 | 8.96 | -1.32 | 8.66 | -5.71 | 5.55 |
| Abstände | -1.37 | -0.30 | -0.46 | -1.04 | -0.71 | -0.85 | 0.22 | -0.40 | -0.82 | -0.19 |

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 |
| Name | Gewichtung (%) | Investiert in | Mod. Duration | Beitrag |
| France Government Bond OAT 0.25% 07/25/2024 | 3.98 | Frankreich | 2.5 | 0.10 |
| German Inflation Linked Bond 0.1% 04/15/2023 | 3.35 | Deutschland | 1.2 | 0.04 |
| US Treasury Inflation Idx Bonds 0.625% 01/15/2024 | 3.22 | Vereinigte Staaten Von Amerika | 1.9 | 0.06 |
| US Treasury Inflation Idx Bonds 0.125% 07/15/2031 | 3.13 | Vereinigte Staaten Von Amerika | 9.4 | 0.29 |
| US Treasury Inflation Idx Bonds 0.5% 01/15/2028 | 2.46 | Vereinigte Staaten Von Amerika | 5.8 | 0.14 |
| US Treasury Inflation Idx Bonds 0.5% 04/15/2024 | 2.19 | Vereinigte Staaten Von Amerika | 2.1 | 0.05 |
| US Treasury Inflation Idx Bonds 0.875% 01/15/2029 | 2.04 | Vereinigte Staaten Von Amerika | 6.7 | 0.14 |
| US Treasury Inflation Idx Bonds 0.125% 01/15/2031 | 1.97 | Vereinigte Staaten Von Amerika | 8.9 | 0.17 |
| US Treasury Inflation Idx Bonds 0.375% 07/15/2023 | 1.95 | Vereinigte Staaten Von Amerika | 1.4 | 0.03 |
| US Treasury Inflation Idx Bonds 0.75% 07/15/2028 | 1.88 | Vereinigte Staaten Von Amerika | 6.3 | 0.12 |
| Summe (%) | 26.17 |  |  |  |


## Sektorengewichtung (%)	Beitrag zur Duration nach Sektor
Portfolio	Benchmark
12
Treasury	97.52	100.00	14
Sonstige	0.58	0.00	10
Liquide Mittel	1.90	0.00	8
6
4
2
0
Treasury	Agenturen
| Port. | 11.9 | 0.1 |
| --- | --- | --- |
| Bench. | 11.9 | - |

|  | Portfolio | Benchmark |
| --- | --- | --- |
| Vereinigte Staaten Von Amerika | 39.59 | 46.25 |
| Großbritannien | 28.54 | 28.85 |
| Frankreich | 10.51 | 8.00 |
| Italien | 5.89 | 5.41 |


## Geographische Ausrichtung (%)
Beitrag zur Duration nach Land
8
6
4
2
Großbritannien
Vereinigte Staaten
Von Amerika
Frankreich
Italien
Kanada
Spanien
Deutschland
Japan
Australien
Sonstige
0
| Deutschland | 5.74 | 2.79 |  |
| --- | --- | --- | --- |
| Japan | 2.47 | 2.66 |
| Spanien | 2.17 | 2.18 |
| Kanada | 1.73 | 1.63 |  | Port.	6.2	3.8	0.8	0.4	0.3	0.2 | 0.1	0.1	0.1	0.1 |
| Sonstige | 1.45 | 2.02 |  | Bench. 6.0	3.7	0.7	0.4	0.3	0.1 | 0.3	0.1	0.1	0.1 |
| Liquide Mittel | 1.90 | 0.00 |  |  |  |


## Engagement nach Laufzeit (%)
28
24
20
16
12
8
4
0	0-1 Jahre	1-3 Jahre	3-5 Jahre	5-7 Jahre	7-10 Jahre	10-20 Jahre	+20 Jahre
Portfolio	0.06	24.11	7.25	12.22	13.72	16.89	25.77
Benchmark	-	16.55	15.65	12.90	14.94	16.15	23.81

## Engagement nach Rating (%)
60
50
40
30
20
10
0	AAA	AA	A	BBB	Liquide Mittel
Portfolio	48.51	39.05	3.53	7.01	1.90
Benchmark	52.91	36.85	3.81	6.44	-

## Engagement nach Währung (%)
50
40
30
20
10
0	USD	GBP	EUR	JPY	CAD	AUD	SEK	NZD	DKK
| Portfolio | 40.36 | 29.09 | 24.79 | 2.51 | 1.76 | 0.83 | 0.36 | 0.29 | - |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Benchmark | 46.25 | 28.85 | 18.37 | 2.66 | 1.63 | 0.93 | 0.61 | 0.47 | 0.21 |