# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
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200
175
150
125
100
75
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
ESG Relative Rating
CO2 Relative rating
Portfolio* (56.10%)	Benchmark (47.89%)
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 = 96.9% Benchmark = 99.9% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 96.9% Benchmark = 99.3% (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* (%) | 18.80 | 20.12 | - | 20.03 |  |
| Benchmark Volatility (%) | 9.66 | 15.30 | - | 14.52 |  |
| Relative Risk/Tracking Error  (%) | 14.44 | 12.35 | - | 12.41 |  |
| Sharpe Ratio | -0.29 | 0.86 | - | 0.87 |  |
| Information Ratio | -1.56 | 0.26 | - | 0.48 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 28/02/21 28/02/22 | 28/02/20 28/02/21 | 28/02/19 29/02/20 | 28/02/18 28/02/19 | 28/02/17 28/02/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -5.57 | -13.88 | -18.03 | -14.74 | 56.10 | - | -7.04 | 55.88 | 7.73 | 7.38 | - | 90.85 |
| Benchmark | -2.77 | -3.46 | -0.44 | -6.21 | 47.89 | - | 16.50 | 17.87 | 7.69 | 6.21 | - | 59.27 |
| Excess Return | -2.79 | -10.42 | -17.60 | -8.53 | 8.21 | - | -23.55 | 38.01 | 0.04 | 1.17 | - | 31.58 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 11.57 | 49.59 | 28.39 | 1.43 | - | - | - | - | - | - |
| Benchmark | 27.54 | 6.65 | 28.93 | -4.85 | - | - | - | - | - | - |
| Excess Return | -15.97 | 42.93 | -0.54 | 6.27 | - | - | - | - | - | - |

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 |  |  |
| Visa Inc | 3.74 | 0.56 | 3.18 | Information Technology | USA |
| Alphabet Inc | 3.67 | 2.45 | 1.23 | Communication Services | USA |
| Microsoft Corp | 3.56 | 3.28 | 0.27 | Information Technology | USA |
| Prologis Inc | 3.42 | 0.17 | 3.26 | Real Estate | USA |
| Amazon.com Inc | 3.40 | 2.15 | 1.25 | Consumer Discretionary | USA |
| Apple Inc | 3.38 | 4.20 | -0.82 | Information Technology | USA |
| Zendesk Inc | 3.22 | 0.02 | 3.20 | Information Technology | USA |
| salesforce.com inc | 3.16 | 0.32 | 2.85 | Information Technology | USA |
| Goodman Group | 3.16 | 0.04 | 3.12 | Real Estate | Australia |
| Accenture PLC | 2.85 | 0.31 | 2.54 | Information Technology | USA |
| Total (%) | 33.57 | 13.50 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Prologis Inc | 3.42 | 0.17 | 3.26 |  | Tesla Inc | 0.00 | 1.13 | -1.13 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Zendesk Inc | 3.22 | 0.02 | 3.20 |  | NVIDIA Corp | 0.00 | 0.94 | -0.94 |
| Visa Inc | 3.74 | 0.56 | 3.18 |  | Apple Inc | 3.38 | 4.20 | -0.82 |
| Goodman Group | 3.16 | 0.04 | 3.12 |  | Taiwan Semiconductor Manufacturi... | 0.00 | 0.82 | -0.82 |
| salesforce.com inc | 3.16 | 0.32 | 2.85 |  | UnitedHealth Group Inc | 0.00 | 0.69 | -0.69 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)

### -20	-10	0	10	20	30	40
Information Technology	53.75	22.34
Communication Services	15.59	8.28
Real Estate	10.14	2.64
Consumer Discretionary	7.78	11.73
Industrials	6.30	9.57
Health Care	2.78	11.59
Consumer Staples	1.09	7.09
Not classified	0.00	0.00
Utilities	0.00	2.79
Materials	0.00	4.96
Financials	0.00	14.80
Energy	0.00	4.22
Cash	2.55	0.00

## Securities Exposure by geographical area (%)
Portfolio	Benchmark
USA	78.23	60.61
United Kingdom	6.06	3.83
Germany	3.35	2.11
Australia	3.16	1.84
China	2.14	3.66
France	1.67	2.85
Sweden	1.27	0.87
Argentina	0.84	0.00
Israel	0.73	0.18
South Africa	0.00	0.43
Taiwan	0.00	1.86
Turkey	0.00	0.03
Other	0.00	21.74
Cash	2.55	0.00

## Active Exposure by Geography (%)

### -25	-20	-15	-10	-5	0	5	10	15	20
MarketCap Breakdown (USD - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	0 To
250mn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
More Than 250bn
Cash
Port.	-	1.39	2.44	10.82	12.04	30.91	16.95	22.90	2.55
Bench.	0.01	0.20	0.94	4.57	13.93	32.20	20.47	27.68	-

Translation (ENDE, 2022-02-28):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)

## Fonds-Profile
ESG-Rating
|  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |

200
175
150
125
100
75
28/02/19
28/08/19
28/02/20
28/08/20
28/02/21
28/08/21 28/02/22
Relatives ESG Rating
Relative CO2-Intensität
Portfolio* (56.10%)	Benchmark (47.89%)
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 = 96.9% Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 96.9%
| berechnet sein. Weitere Informationen entnehmen Sie Risikoanalyse | bitte dem Fondspr | ospekt. |  |  | Benchmark = 99.3% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 18.80 | 20.12 | - | 20.03 |  |
| Benchmark Volatilität (%) | 9.66 | 15.30 | - | 14.52 |  |
| Relatives Risiko/Tracking Error  (%) | 14.44 | 12.35 | - | 12.41 |  |
| Sharpe Ratio | -0.29 | 0.86 | - | 0.87 |  |
| Information Ratio | -1.56 | 0.26 | - | 0.48 |  |


## Wertentwicklung (Brutto, Netto in %)
60
40
20
0
|  | 28/02/2018 - 28/02/2019 | 28/02/2019 - 28/02/2020 | 28/02/2020 - 28/02/2021 | 28/02/2021 - 28/02/2022 |  |
| --- | --- | --- | --- | --- | --- |
|  | Brutto-Wertentwicklung | 7.38 | 7.73 | 55.88 | -7.04 |  |
|  | Netto-Wertentwicklung | 5.27 | 7.73 | 55.88 | -7.04 |  |

-20
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* | -5.57 | -13.88 | -18.03 | -14.74 | 56.10 | - | -7.04 | 55.88 | 7.73 | 7.38 | - | 90.85 |
| Benchmark | -2.77 | -3.46 | -0.44 | -6.21 | 47.89 | - | 16.50 | 17.87 | 7.69 | 6.21 | - | 59.27 |
| Abstände | -2.79 | -10.42 | -17.60 | -8.53 | 8.21 | - | -23.55 | 38.01 | 0.04 | 1.17 | - | 31.58 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 11.57 | 49.59 | 28.39 | 1.43 | - | - | - | - | - | - |
| Benchmark | 27.54 | 6.65 | 28.93 | -4.85 | - | - | - | - | - | - |
| Abstände | -15.97 | 42.93 | -0.54 | 6.27 | - | - | - | - | - | - |

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 |  |  |
| Visa Inc | 3.74 | 0.56 | 3.18 | Informatik | Vereinigten Staaten |
| Alphabet Inc | 3.67 | 2.45 | 1.23 | Kommunikationsdienste | Vereinigten Staaten |
| Microsoft Corp | 3.56 | 3.28 | 0.27 | Informatik | Vereinigten Staaten |
| Prologis Inc | 3.42 | 0.17 | 3.26 | Immobilien | Vereinigten Staaten |
| Amazon.com Inc | 3.40 | 2.15 | 1.25 | Dauerh. Konsumg. | Vereinigten Staaten |
| Apple Inc | 3.38 | 4.20 | -0.82 | Informatik | Vereinigten Staaten |
| Zendesk Inc | 3.22 | 0.02 | 3.20 | Informatik | Vereinigten Staaten |
| salesforce.com inc | 3.16 | 0.32 | 2.85 | Informatik | Vereinigten Staaten |
| Goodman Group | 3.16 | 0.04 | 3.12 | Immobilien | Australien |
| Accenture PLC | 2.85 | 0.31 | 2.54 | Informatik | Vereinigten Staaten |
| Summe (%) | 33.57 | 13.50 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Prologis Inc | 3.42 | 0.17 | 3.26 |  | Tesla Inc | 0.00 | 1.13 | -1.13 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Zendesk Inc | 3.22 | 0.02 | 3.20 |  | NVIDIA Corp | 0.00 | 0.94 | -0.94 |
| Visa Inc | 3.74 | 0.56 | 3.18 |  | Apple Inc | 3.38 | 4.20 | -0.82 |
| Goodman Group | 3.16 | 0.04 | 3.12 |  | Taiwan Semiconductor Manufacturi... | 0.00 | 0.82 | -0.82 |
| salesforce.com inc | 3.16 | 0.32 | 2.85 |  | UnitedHealth Group Inc | 0.00 | 0.69 | -0.69 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-20	-10	0	10	20	30	40
Informatik	53.75	22.34
Kommunikationsdienste	15.59	8.28
Immobilien	10.14	2.64
Dauerh. Konsumg.	7.78	11.73
Industrieunternehmen	6.30	9.57
Gesundheit	2.78	11.59
Kurzleb. Konsumg.	1.09	7.09
Nicht klassifiziert	0.00	0.00
Öffentliche Dienste	0.00	2.79
Werkstoffe	0.00	4.96
Finanzen	0.00	14.80
Energie	0.00	4.22
Liquide Mittel	2.55	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Vereinigten Staaten	78.23	60.61
Großbritannien	6.06	3.83
Deutschland	3.35	2.11
Australien	3.16	1.84
China	2.14	3.66
Frankreich	1.67	2.85
Schweden	1.27	0.87
Argentinien	0.84	0.00
Israel	0.73	0.18
Südafrika	0.00	0.43
Taiwan	0.00	1.86
Türkei	0.00	0.03
Sonstige	0.00	21.74
Liquide Mittel	2.55	0.00

## Aktives Engagement nach geografischen Regionen (%)
-25	-20	-15	-10	-5	0	5	10	15	20

## Aufgliederung nach Marktkapitalisierung (USD - %)
36
33
30
27
24
21
18
15
12
9
6
3
0	Von 0 bis
250 Moi
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.	-	1.39	2.44	10.82	12.04	30.91	16.95	22.90	2.55
Bench.	0.01	0.20	0.94	4.57	13.93	32.20	20.47	27.68	-