# AXA WF US Credit Short Duration IG I (H) EUR
## Benchmark
The fund doesn't have a benchmark.

## Fund Profile
ESG Rating
% of AUM covered by ESG absolute rating: Portfolio = 95.9% (not meaningful for coverage below 50%)
| Key Figures (EUR)* Fund Cumulative Performance (%)		Current NAV YTD	1Y	3Y	10Y	Launch	Acc.		Inc. -1.40	-2.15	+1.79	-	+4.59	104.59	82.63 Fund Annualized Performance (%)	Assets Under Management (M) 3 Y.	5 Y.	10 Y.	Launch		USD +0.59	+0.15	-	+0.53	296.19 Dividend Record Record Date	Ex-Date	Dividend per Share	12 month Yield (%) Dec 2018	27/12/2018	28/12/2018	2.26	2.62 Dec 2019	27/12/2019	30/12/2019	2.51	2.92 Dec 2020	29/12/2020	30/12/2020	2.00	2.32 Dec 2021	29/12/2021	30/12/2021	1.59	1.90 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) |
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| 94 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20 | 28/02/21 | 28/08/21 | 28/02/22 |
| Portfolio* (1.79%) |
| 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* (%) | 0.94 | 3.45 | 2.71 | 2.18 |
| Sharpe Ratio | -1.30 | 0.42 | 0.36 | 0.56 |
| 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* | -0.50 | -1.56 | -2.32 | -1.40 | 1.79 | 0.73 | -2.15 | 1.34 | 2.66 | -0.08 | -0.96 | 4.59 |
| Annual Calendar Performance (%) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Portfolio* | -0.92 | 2.41 | 2.57 | -1.52 | -0.03 | 1.38 | -0.12 | 1.15 | - | - |

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 (%) | 3.03 |  | Option Adjusted Spread | 64 |
| Number of Holdings | 131 |  | Average Coupon (%) | 2.61 |
| Number of Issuers | 105 |  | Current yield (%) | 2.52 |
| Years to Maturity | 2.26 |  | Yield To Worst (%) | 2.04 |
| Modified duration to worst | 1.70 |  | Yield to maturity (%) | 2.13 |

| Sector Breakdown (%) |  |
| --- | --- |
|  | Portfolio |
| Banking | 32.33 |
| Consumer Non-Cyclical | 11.10 |
| Technology | 7.32 |
| Communications | 5.33 |
| Insurance | 5.28 |
| Energy | 4.78 |
| Finance Companies | 4.73 |
| REITS | 4.52 |
| Transportation | 4.10 |
| Capital Goods | 4.08 |
| Consumer Cyclical | 3.98 |
| Not Classified | 3.81 |
| Electric | 2.89 |
| Basic Industry | 2.20 |
| Other Industrial | 0.53 |
| Cash | 3.03 |
| Modified Duration to Worst Breakdown (%) |  |

60
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| 0 | Cash | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portfolio | 3.03 | 27.65 | 55.77 | 13.55 |


## Maturity Breakdown (%)
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0	Cash	0-1 year	1-3 years	3-5 years	5-7 years
Portfolio	3.03	12.79	54.46	28.44	1.28
| Top 10 Holdings |  |
| --- | --- |
| Issuer | Coupon rate | Maturity | Sector | Modified duration to worst | Rating | Weight (%) |  |
| ROYAL BANK OF CANADA | 0.574 | 20/01/26 | Banking | 0.14 | A | 2.08 |  |
| AT&T INC | 0.900 | 25/03/24 | Communications | 2.04 | BBB | 2.03 |  |
| TRUIST FINANCIAL CORP | 0.449 | 09/06/25 | Not Classified | 0.03 | A | 1.87 |  |
| COMMONWEALTH BANK AUST | 0.569 | 15/06/26 | Banking | 0.04 | AA | 1.71 |  |
| PEOPLE'S UNITED FIN INC | 3.650 | 06/12/22 | Banking | 0.51 | BBB | 1.41 |  |
| BRIGHTHSE FIN GLBL FUND | 1.000 | 12/04/24 | Insurance | 2.09 | A | 1.39 |  |
| JACKSON NATL LIFE GLOBAL | 1.750 | 12/01/25 | Insurance | 2.80 | A | 1.37 |  |
| JPMORGAN CHASE & CO | 1.149 | 23/07/24 | Not Classified | 0.16 | A | 1.37 |  |
| BANK OF NOVA SCOTIA | 0.700 | 15/04/24 | Banking | 2.10 | A | 1.35 |  |
| BANK OF AMERICA CORP | 0.970 | 05/03/24 | Banking | 0.02 | A | 1.35 |  |
| Total (%) |  |  |  |  |  | 15.92 |  |
| Rating Breakdown (%) |  |  |  |  |  |  |  |

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| 0 | AA | A | BBB | BB | Cash |
| --- | --- | --- | --- | --- | --- |
| Portfolio | 2.89 | 30.86 | 59.77 | 3.44 | 3.03 |


## Currency Breakdown (%)
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USD	Cash
Portfolio	96.97	3.03
| Securities Exposure by geographical area (%) |  |
| --- | --- |
|  | Portfolio |
| United States | 67.28 |
| Canada | 7.40 |
| United Kingdom | 4.44 |
| France | 4.18 |
| Australia | 3.46 |
| Netherlands | 2.86 |
| New Zealand | 1.54 |
| Ireland | 1.17 |
| Germany | 1.04 |
| Switzerland | 1.02 |
| Other | 2.57 |
| Cash | 3.03 |

Translation (ENDE, 2022-02-28):
# AXA WF US Credit Short Duration IG I (H) EUR
## Benchmark
Der Fonds hat keine Benchmark.

## Fonds-Profile
ESG-Rating
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 95.9% (nicht bedeutend bei einer Abdeckung von weniger als 50
%)
| Kennzahlen (EUR)* Kumulative Wertentwicklung des Fonds (%)		Aktueller NAV YTD	1J	3J	10J	Auflage	Acc		Aus. -1.40	-2.15	+1.79	-	+4.59	104.59	82.63 Annualisierte Wertentwicklung des Fonds (%)	Nettovermögen (M) 3 J.	5 J.	10 J.	Auflage		USD +0.59	+0.15	-	+0.53	296.19 Dividendenentwicklung Stichtag	ex-Datum	Dividende	12-Monats-Rendite je Anteil Dez 2018	27/12/2018	28/12/2018	2.26	2.62 Dez 2019	27/12/2019	30/12/2019	2.51	2.92 Dez 2020	29/12/2020	30/12/2020	2.00	2.32 Dez 2021	29/12/2021	30/12/2021	1.59	1.90 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 werden. 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) |
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| 94 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20 | 28/02/21 | 28/08/21 | 28/02/22 |
| Portfolio* (1.79%) |
| 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. |

| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 0.94 | 3.45 | 2.71 | 2.18 |
| Sharpe Ratio | -1.30 | 0.42 | 0.36 | 0.56 |
| Wertentwicklung (Brutto, Netto in %) |  |  |  |  |

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-2
|  | 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 | -0.96 | -0.08 | 2.66 | 1.34 | -2.15 |  |
|  | Netto-Wertentwicklung | -0.96 | -0.08 | 2.66 | 1.34 | -2.15 |  |

-4
Berechnung nach BVI-Wertermittlungsstatistik (siehe Erläuterung unter 'Wichtige Hinweise')

## Rollierende Wertentwicklung (%)
|  | 1M | 3M | 6M | YTD | 3J | 5J | 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 | Auflage |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -0.50 | -1.56 | -2.32 | -1.40 | 1.79 | 0.73 | -2.15 | 1.34 | 2.66 | -0.08 | -0.96 | 4.59 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -0.92 | 2.41 | 2.57 | -1.52 | -0.03 | 1.38 | -0.12 | 1.15 | - | - |

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 (%) | 3.03 |  | Optionsbereinigter Spread | 64 |
| Anzahl Positionen | 131 |  | Durchschnittlicher Coupon (%) | 2.61 |
| Anzahl Emittenten | 105 |  | Laufende Verzinsung (%) | 2.52 |
| Jahre bis zur Fälligkeit | 2.26 |  | Yield-to-Worst (%) | 2.04 |
| Modified Duration to Worst | 1.70 |  | Rückzahlungsrendite (%) | 2.13 |

| Sektorengewichtung (%) |  |
| --- | --- |
|  | Portfolio |
| Banking | 32.33 |
| Nichtzyklische Konsumgüter | 11.10 |
| Technologie | 7.32 |
| Kommunikation | 5.33 |
| Versicherung | 5.28 |
| Energie | 4.78 |
| Finanzunternehmen | 4.73 |
| REITs | 4.52 |
| Verkehr | 4.10 |
| Investitionsgüter | 4.08 |
| Zyklische Konsumgüter | 3.98 |
| Nicht klassifiziert | 3.81 |
| Elektrisch | 2.89 |
| Grundstoffindustrie | 2.20 |
| Sonstige Industrie | 0.53 |
| Liquide Mittel | 3.03 |
| Aufteilung nach Modified Duration to Worst (%) |  |

60
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| 0 | Liquide Mittel | 0-1 | 1-3 | 3-5 |
| --- | --- | --- | --- | --- |
| Portfolio | 3.03 | 27.65 | 55.77 | 13.55 |


## Engagement nach Laufzeit (%)
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0	Liquide Mittel	0-1 Jahre	1-3 Jahre	3-5 Jahre	5-7 Jahre
Portfolio	3.03	12.79	54.46	28.44	1.28
| Top 10 Positionen |  |
| --- | --- |
| Emittent	Ausschüttung | Fälligkeit | Kategorie | Modified Duration to Worst | Rating | Ausrichtung (%) |  |
| ROYAL BANK OF CANADA	0.574 | 20/01/26 | Banking | 0.14 | A | 2.08 |  |
| AT&T INC	0.900 | 25/03/24 | Kommunikation | 2.04 | BBB | 2.03 |  |
| TRUIST FINANCIAL CORP	0.449 | 09/06/25 | Nicht klassifiziert | 0.03 | A | 1.87 |  |
| COMMONWEALTH BANK AUST	0.569 | 15/06/26 | Banking | 0.04 | AA | 1.71 |  |
| PEOPLE'S UNITED FIN INC	3.650 | 06/12/22 | Banking | 0.51 | BBB | 1.41 |  |
| BRIGHTHSE FIN GLBL FUND	1.000 | 12/04/24 | Versicherung | 2.09 | A | 1.39 |  |
| JACKSON NATL LIFE GLOBAL	1.750 | 12/01/25 | Versicherung | 2.80 | A | 1.37 |  |
| JPMORGAN CHASE & CO	1.149 | 23/07/24 | Nicht klassifiziert | 0.16 | A | 1.37 |  |
| BANK OF NOVA SCOTIA	0.700 | 15/04/24 | Banking | 2.10 | A | 1.35 |  |
| BANK OF AMERICA CORP	0.970 | 05/03/24 | Banking | 0.02 | A | 1.35 |  |
| Summe (%) |  |  |  |  | 15.92 |  |
| Engagement nach Rating (%) |  |  |  |  |  |  |

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| 0 | AA | A | BBB | BB | Liquide Mittel |
| --- | --- | --- | --- | --- | --- |
| Portfolio | 2.89 | 30.86 | 59.77 | 3.44 | 3.03 |


## Engagement nach Währung (%)
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USD	Liquide Mittel
Portfolio	96.97	3.03
| Geographische Ausrichtung (%) |  |
| --- | --- |
|  | Portfolio |
| Vereinigten Staaten | 67.28 |
| Kanada | 7.40 |
| Großbritannien | 4.44 |
| Frankreich | 4.18 |
| Australien | 3.46 |
| Niederlande | 2.86 |
| Neuseeland | 1.54 |
| Irland | 1.17 |
| Deutschland | 1.04 |
| Schweiz | 1.02 |
| Sonstige | 2.57 |
| Liquide Mittel | 3.03 |