# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
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160
140
120
100
80
60
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* (27.41%)	Benchmark (28.04%)
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 = 99.8% Benchmark = 99.9% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 99.8% Benchmark = 99.7% (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* (%) | 17.01 | 16.60 | - | 16.15 |  |
| Benchmark Volatility (%) | 13.88 | 19.04 | - | 18.01 |  |
| Relative Risk/Tracking Error  (%) | 9.32 | 8.80 | - | 8.57 |  |
| Sharpe Ratio | 0.24 | 0.58 | - | 0.49 |  |
| Information Ratio | -0.63 | 0.08 | - | 0.16 |  |


## 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* | -3.58 | -12.46 | -11.81 | -15.40 | 27.41 | - | 2.80 | 11.94 | 10.72 | - | - | 29.48 |
| Benchmark | -5.18 | -4.23 | -6.69 | -8.73 | 28.04 | - | 9.57 | 13.13 | 3.29 | - | - | 27.08 |
| Excess Return | 1.60 | -8.23 | -5.12 | -6.67 | -0.63 | - | -6.77 | -1.18 | 7.42 | - | - | 2.40 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 19.23 | 8.20 | 28.74 | - | - | - | - | - | - | - |
| Benchmark | 22.67 | 0.25 | 26.11 | - | - | - | - | - | - | - |
| Excess Return | -3.45 | 7.95 | 2.62 | - | - | - | - | - | - | - |

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 |  |  |
| Asml Holding NV | 7.06 | 4.93 | 2.14 | Technology | Netherlands |
| Safran SA | 5.08 | 0.87 | 4.21 | Industrials | France |
| LVMH Moet Hennessy Louis Vu... | 4.55 | 3.46 | 1.09 | Consumer Discretionary | France |
| Adyen NV | 4.31 | 1.04 | 3.27 | Industrials | Netherlands |
| Pernod Ricard SA | 3.88 | 0.80 | 3.08 | Consumer Staples | France |
| Koninklijke Dsm NV | 3.69 | 0.58 | 3.11 | Consumer Staples | Netherlands |
| Iberdrola SA | 3.61 | 1.18 | 2.43 | Utilities | Spain |
| Dassault Systemes Sa | 3.49 | 0.62 | 2.87 | Technology | France |
| Siemens Healthineers AG | 3.46 | 0.32 | 3.14 | Health Care | Germany |
| Symrise AG | 3.45 | 0.28 | 3.17 | Basic Materials | Germany |
| Total (%) | 42.56 | 14.07 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Safran SA | 5.08 | 0.87 | 4.21 |  | Linde Plc | 0.00 | 2.65 | -2.65 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Adyen NV | 4.31 | 1.04 | 3.27 |  | TotalEnergies SE | 0.00 | 2.40 | -2.40 |
| Symrise AG | 3.45 | 0.28 | 3.17 |  | SAP SE | 0.00 | 2.20 | -2.20 |
| Amplifon SpA | 3.26 | 0.10 | 3.16 |  | Sanofi | 0.00 | 2.13 | -2.13 |
| Siemens Healthineers AG | 3.46 | 0.32 | 3.14 |  | Siemens AG | 0.00 | 1.89 | -1.89 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)

### -18	-15	-12	-9	-6	-3	0	3	6	9	12
Industrials	27.21	17.25
Consumer Discretionary	19.35	16.98
Technology	17.50	12.38
Health Care	12.01	8.06
Consumer Staples	10.00	5.68
Utilities	5.20	5.81
Basic Materials	3.45	8.03
Telecommunications	2.76	3.64
Energy	2.33	4.65
Financials	0.00	15.67
Real Estate	0.00	1.86
Cash	0.21	0.00

## Securities Exposure by geographical area (%)
Portfolio	Benchmark
France	31.49	33.14
Netherlands	20.66	13.24
Germany	17.89	27.24
Spain	8.46	7.11
Belgium	7.18	3.11
Italy	6.23	8.17
Sweden	2.88	0.00
Norway	2.66	0.00
Finland	2.33	4.02
Portugal	0.00	0.56
Luxemburg	0.00	0.41
Ireland	0.00	2.25
Austria	0.00	0.75
Cash	0.21	0.00

## Active Exposure by Geography (%)

### -10	-8	-6	-4	-2	0	2	4	6	8
MarketCap Breakdown (EUR - %)
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0	1bn To 3bn	3bn To 5bn	5bn To 10bn	10bn To 25bn	25bn To 100bn	100bn To 250bn	More Than 250bn	Cash
Port.	-	2.43	12.96	12.56	51.95	15.34	4.55	0.21
Bench.	0.20	2.04	7.22	17.93	47.73	21.42	3.46	-

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

## Fonds-Profile
ESG-Rating
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140
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100
80
60
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* (27.41%)	Benchmark (28.04%)
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 = 99.8% Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 99.8%
| berechnet sein. Weitere Informationen entnehmen Sie Risikoanalyse | bitte dem Fondsp | rospekt. |  |  | Benchmark = 99.7% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 17.01 | 16.60 | - | 16.15 |  |
| Benchmark Volatilität (%) | 13.88 | 19.04 | - | 18.01 |  |
| Relatives Risiko/Tracking Error  (%) | 9.32 | 8.80 | - | 8.57 |  |
| Sharpe Ratio | 0.24 | 0.58 | - | 0.49 |  |
| Information Ratio | -0.63 | 0.08 | - | 0.16 |  |


## Wertentwicklung (Brutto, Netto in %)
16
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0	28/02/2019 - 28/02/2020	28/02/2020 - 28/02/2021	28/02/2021 - 28/02/2022
| Brutto-Wertentwicklung | 10.72 | 11.94 | 2.80 |
| --- | --- | --- | --- |
| Netto-Wertentwicklung | 10.72 | 11.94 | 2.80 |

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* | -3.58 | -12.46 | -11.81 | -15.40 | 27.41 | - | 2.80 | 11.94 | 10.72 | - | - | 29.48 |
| Benchmark | -5.18 | -4.23 | -6.69 | -8.73 | 28.04 | - | 9.57 | 13.13 | 3.29 | - | - | 27.08 |
| Abstände | 1.60 | -8.23 | -5.12 | -6.67 | -0.63 | - | -6.77 | -1.18 | 7.42 | - | - | 2.40 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 19.23 | 8.20 | 28.74 | - | - | - | - | - | - | - |
| Benchmark | 22.67 | 0.25 | 26.11 | - | - | - | - | - | - | - |
| Abstände | -3.45 | 7.95 | 2.62 | - | - | - | - | - | - | - |

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 |  |  |
| Asml Holding NV | 7.06 | 4.93 | 2.14 | Technologie | Niederlande |
| Safran SA | 5.08 | 0.87 | 4.21 | Industrieunternehmen | Frankreich |
| LVMH Moet Hennessy Louis Vu... | 4.55 | 3.46 | 1.09 | Verbrauchsgüter | Frankreich |
| Adyen NV | 4.31 | 1.04 | 3.27 | Industrieunternehmen | Niederlande |
| Pernod Ricard SA | 3.88 | 0.80 | 3.08 | Basiskonsumgüter | Frankreich |
| Koninklijke Dsm NV | 3.69 | 0.58 | 3.11 | Basiskonsumgüter | Niederlande |
| Iberdrola SA | 3.61 | 1.18 | 2.43 | Versorger | Spanien |
| Dassault Systemes Sa | 3.49 | 0.62 | 2.87 | Technologie | Frankreich |
| Siemens Healthineers AG | 3.46 | 0.32 | 3.14 | Gesundheitswesen | Deutschland |
| Symrise AG | 3.45 | 0.28 | 3.17 | Grundstoffe | Deutschland |
| Summe (%) | 42.56 | 14.07 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Safran SA | 5.08 | 0.87 | 4.21 |  | Linde Plc | 0.00 | 2.65 | -2.65 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Adyen NV | 4.31 | 1.04 | 3.27 |  | TotalEnergies SE | 0.00 | 2.40 | -2.40 |
| Symrise AG | 3.45 | 0.28 | 3.17 |  | SAP SE | 0.00 | 2.20 | -2.20 |
| Amplifon SpA | 3.26 | 0.10 | 3.16 |  | Sanofi | 0.00 | 2.13 | -2.13 |
| Siemens Healthineers AG | 3.46 | 0.32 | 3.14 |  | Siemens AG | 0.00 | 1.89 | -1.89 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-18	-15	-12	-9	-6	-3	0	3	6	9	12
Industrieunternehmen	27.21	17.25
Verbrauchsgüter	19.35	16.98
Technologie	17.50	12.38
Gesundheitswesen	12.01	8.06
Basiskonsumgüter	10.00	5.68
Versorger	5.20	5.81
Grundstoffe	3.45	8.03
Telekommunikation	2.76	3.64
Energie	2.33	4.65
Finanz-Dienstleistungen	0.00	15.67
Immobilien	0.00	1.86
Liquide Mittel	0.21	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Frankreich	31.49	33.14
Niederlande	20.66	13.24
Deutschland	17.89	27.24
Spanien	8.46	7.11
Belgien	7.18	3.11
Italien	6.23	8.17
Schweden	2.88	0.00
Norwegen	2.66	0.00
Finnland	2.33	4.02
Portugal	0.00	0.56
Luxemburg	0.00	0.41
Irland	0.00	2.25
Österreich	0.00	0.75
Liquide Mittel	0.21	0.00

## Aktives Engagement nach geografischen Regionen (%)
-10	-8	-6	-4	-2	0	2	4	6	8

## Aufgliederung nach Marktkapitalisierung (EUR - %)
55
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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.
Liquide Mittel
Port.	-	2.43	12.96	12.56	51.95	15.34	4.55	0.21
Bench.	0.20	2.04	7.22	17.93	47.73	21.42	3.46	-