# AXA IM FIIS US Short Duration High Yield Z USD
*

## Benchmark
The fund doesn't have a benchmark.

## Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 97.4% (not meaningful for coverage below 50%)

## 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* | 0.01 | 0.36 | 1.53 | 2.32 | 12.04 | 18.27 | 4.41 | 2.20 | 5.00 | 2.19 | 3.29 | 25.73 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 3.34 | 7.46 | 0.75 | 2.99 | 5.41 | 0.39 | 0.49 | - | - | - |

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 |  |
| --- | --- |
| Fund Key Metrics |
|  | Portfolio |  |  | Portfolio |
| Cash (%) | 2.11 |  | Option Adjusted Spread | 269 |
| Number of Holdings | 219 |  | Average Coupon (%) | 5.96 |
| Number of Issuers | 141 |  | Current yield (%) | 5.61 |
| Years to Maturity | 3.89 |  | Yield To Worst (%) | 2.93 |
| Modified duration to worst | 1.03 |  | Yield to maturity (%) | 4.52 |
| Sector Breakdown (%) |  |  |  |  |
|  |  |  |  | Portfolio |
| Services |  |  |  | 16.38 |
| Healthcare |  |  |  | 9.29 |
| Telecommunications |  |  |  | 9.04 |
| Media |  |  |  | 8.73 |
| Capital Goods |  |  |  | 7.90 |
| Consumer Goods |  |  |  | 6.61 |
| Technology & Electronics |  |  |  | 6.55 |
| Real Estate |  |  |  | 6.42 |
| Energy |  |  |  | 4.90 |
| Financial Services |  |  |  | 4.84 |
| Leisure |  |  |  | 4.82 |
| Retail |  |  |  | 4.79 |
| Basic Industry |  |  |  | 4.61 |
| Not Classified |  |  |  | 1.94 |
| Transportation |  |  |  | 0.97 |
| Automotive |  |  |  | 0.12 |
| Cash |  |  |  | 2.11 |
| * 1st NAV date: 04/12/2013 |  |  |  |  |


## Modified Duration to Worst Breakdown (%)
80
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |
|  |  |  |  |
|  |  |  |  |  |

70
60
50
40
30
20
10
| 0 | Cash | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portfolio | 2.11 | 70.68 | 18.42 | 8.79 |


## Maturity Breakdown (%)
70
60
50
40
30
20
10
0	Cash	0-1 year	1-3 years	3-5 years	5-7 years
Portfolio	2.11	2.44	15.04	61.52	18.89
| Top 10 Holdings |  |
| --- | --- |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight |
| ARAMARK SERVICES INC | 6.375 | 01/05/25 | Services | 0.57 | B | 1.38% |
| CHANGE HEALTH / FIN INC | 5.750 | 01/03/25 | Healthcare | 0.42 | CCC | 1.28% |
| CD&R SMOKEY BUYER INC | 6.750 | 15/07/25 | Consumer Goods | 0.77 | B | 1.28% |
| PRIME SECSRVC BRW/FINANC | 5.250 | 15/04/24 | Services | 2.40 | BB | 1.18% |
| ROCKETMTGE C0-ISSUER INC | 2.875 | 15/10/26 | Financial Services | 4.72 | BB | 1.16% |
| GRAY TELEVISION INC | 5.875 | 15/07/26 | Media | 0.08 | B | 1.15% |
| NORTONLIFELOCK INC | 5.000 | 15/04/25 | Technology & Electronics | 0.08 | BB | 1.15% |
| COMMSCOPE INC | 6.000 | 01/03/26 | Technology & Electronics | 0.42 | B | 1.11% |
| KAR AUCTION SERVICES INC | 5.125 | 01/06/25 | Services | 1.59 | CCC | 1.10% |
| IRB HOLDING CORP | 6.750 | 15/02/26 | Retail | 0.36 | CCC | 1.10% |


## Rating Breakdown (%)
50
45
40
35
30
25
20
15
10
5
0	BBB	BB	B	CCC	NR	Cash
Portfolio	1.58	40.41	43.34	11.12	1.43	2.11

## Currency Breakdown (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
USD	Cash
Portfolio	97.89	2.11
| Geographical Breakdown (%) |  |
| --- | --- |
|  | Portfolio |
| United States | 89.16 |
| Canada | 2.60 |
| Netherlands | 1.45 |
| Other | 4.69 |
| Cash | 2.11 |

Translation (ENDE, 2021-09-30):
# AXA IM FIIS US Short Duration High Yield Z USD
*

## Benchmark
Der Fonds hat keine Benchmark.

## Fonds-Profile
ESG-Rating
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 97.4% (nicht bedeutend bei einer Abdeckung von weniger als 50
%)

## Wertentwicklung (Brutto, Netto in %)
6
4
2
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	3.29	2.19	5.00	2.20	4.41
Netto-Wertentwicklung	1.27	2.19	5.00	2.20	4.41
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* | 0.01 | 0.36 | 1.53 | 2.32 | 12.04 | 18.27 | 4.41 | 2.20 | 5.00 | 2.19 | 3.29 | 25.73 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 3.34 | 7.46 | 0.75 | 2.99 | 5.41 | 0.39 | 0.49 | - | - | - |

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 |  |
| --- | --- |
| Fondsindikatoren |
|  | Portfolio |  |  | Portfolio |
| Liquide Mittel (%) | 2.11 |  | Optionsbereinigter Spread | 269 |
| Anzahl Positionen | 219 |  | Durchschnittlicher Coupon (%) | 5.96 |
| Anzahl Emittenten | 141 |  | Laufende Verzinsung (%) | 5.61 |
| Jahre bis zur Fälligkeit | 3.89 |  | Yield-to-Worst (%) | 2.93 |
| Modified Duration to Worst | 1.03 |  | Rückzahlungsrendite (%) | 4.52 |

* Datum des ersten Nettoinventarwerts: 04/12/2013
| Sektorengewichtung (%) |  |
| --- | --- |
|  | Portfolio |
| Dienste | 16.38 |
| Gesundheitspflege | 9.29 |
| Telekommunikation | 9.04 |
| Media | 8.73 |
| Investitionsgüter | 7.90 |
| Verbraucher | 6.61 |
| Technol. und Elektr. | 6.55 |
| Regular Pfandbriefe | 6.42 |
| Energie | 4.90 |
| Finanzdienstleistungen | 4.84 |
| Freizeit | 4.82 |
| Einzelhandel | 4.79 |
| Basisindustrie | 4.61 |
| Nicht Klassifiziert | 1.94 |
| Beförderung | 0.97 |
| Automobil | 0.12 |
| Liquide Mittel | 2.11 |
| Aufteilung nach Modified Duration to Worst (%) |  |

80
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |
|  |  |  |  |
|  |  |  |  |  |

70
60
50
40
30
20
10
| 0 | Liquide Mittel | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portfolio | 2.11 | 70.68 | 18.42 | 8.79 |


## Engagement nach Laufzeit (%)
70
60
50
40
30
20
10
0	Liquide Mittel	0-1 Jahre	1-3 Jahre	3-5 Jahre	5-7 Jahre
Portfolio	2.11	2.44	15.04	61.52	18.89
| Top 10 Positionen |  |
| --- | --- |
| Emittent	Ausschüttung | Fälligkeit | Kategorie | Modified Duration to Worst | Rating | Gewichtung |  |
| ARAMARK SERVICES INC	6.375 | 01/05/25 | Dienste | 0.57 | B | 1.38% |  |
| CHANGE HEALTH / FIN INC	5.750 | 01/03/25 | Gesundheitspflege | 0.42 | CCC | 1.28% |  |
| CD&R SMOKEY BUYER INC	6.750 | 15/07/25 | Verbraucher | 0.77 | B | 1.28% |  |
| PRIME SECSRVC BRW/FINANC	5.250 | 15/04/24 | Dienste | 2.40 | BB | 1.18% |  |
| ROCKETMTGE C0-ISSUER INC	2.875 | 15/10/26 | Finanzdienstleistungen | 4.72 | BB | 1.16% |  |
| GRAY TELEVISION INC	5.875 | 15/07/26 | Media | 0.08 | B | 1.15% |  |
| NORTONLIFELOCK INC	5.000 | 15/04/25 | Technol. und Elektr. | 0.08 | BB | 1.15% |  |
| COMMSCOPE INC	6.000 | 01/03/26 | Technol. und Elektr. | 0.42 | B | 1.11% |  |
| KAR AUCTION SERVICES INC	5.125 | 01/06/25 | Dienste | 1.59 | CCC | 1.10% |  |
| IRB HOLDING CORP	6.750 | 15/02/26 | Einzelhandel | 0.36 | CCC | 1.10% |  |
| Engagement nach Rating (%) |  |  |  |  |  |  |

50
45
40
35
30
25
20
15
10
5
0	BBB	BB	B	CCC	NR	Liquide Mittel
Portfolio	1.58	40.41	43.34	11.12	1.43	2.11

## Engagement nach Währung (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
USD	Liquide Mittel
Portfolio	97.89	2.11
| Geographische Ausrichtung (%) |  |
| --- | --- |
|  | Portfolio |
| Vereinigten Staaten | 89.16 |
| Kanada | 2.60 |
| Niederlande | 1.45 |
| Sonstige | 4.69 |
| Liquide Mittel | 2.11 |