# Performance & Risk
## Performance Evolution (EUR)
USD

### 110.14
Port.	Bench.
Number of Holdings	107	118
Turnover: Rolling 1Y (%)	135	-
Active Share (%)	45	-

## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
30/08/19
29/02/20
31/08/20
28/02/21
31/08/21
28/02/22 31/08/22
Portfolio* (17.44%)	Benchmark (19.09%)
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,
% of AUM covered by ESG absolute rating: Portfolio = 96.1% Benchmark = 99.9% (not meaningful for coverage below 50%)
| 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. | % of AUM covered by CO2 intensity indicator: Portfolio = 98.3% Benchmark = 98.5% (not meaningful for |
| --- | --- |
| coverage below 50%) |
| Risk Analysis |  |  |  |  |  |
|  | 1Y | 3Y | 5Y | Launch |  |
| Portfolio Volatility* (%) | 16.38 | 19.34 | 16.88 | 16.49 |  |
| Benchmark Volatility (%) | 16.17 | 18.90 | 16.30 | 16.64 |  |
| Relative Risk/Tracking Error  (%) | 2.21 | 3.13 | 2.85 | 3.35 |  |
| Sharpe Ratio | 0.13 | 0.38 | 0.41 | 0.45 |  |
| Information Ratio | -0.53 | 0.34 | 0.17 | 0.08 |  |


## Rolling Performance (%)
|  | 1M | 3M | 6M | YTD | 3Y | 5Y | 31/08/21 31/08/22 | 31/08/20 31/08/21 | 31/08/19 31/08/20 | 31/08/18 31/08/19 | 31/08/17 31/08/18 | Launch |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -0.19 | -0.19 | 3.94 | -0.16 | 17.44 | 28.33 | 0.16 | 26.30 | -7.17 | 1.48 | 7.68 | 326.74 |
| Benchmark | -0.37 | -0.36 | 4.68 | 2.86 | 19.09 | 35.09 | 2.83 | 24.30 | -6.83 | 6.69 | 6.32 | 442.17 |
| Excess Return | 0.18 | 0.17 | -0.74 | -3.02 | -1.65 | -6.76 | -2.66 | 2.00 | -0.34 | -5.22 | 1.36 | -115.43 |

Annual Calendar Performance (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 14.43 | -0.80 | 17.50 | -8.88 | 9.99 | 10.25 | -0.99 | 8.06 | 0.85 | 23.31 |
| Benchmark | 12.63 | -2.25 | 20.54 | -5.78 | 10.57 | 11.07 | 1.95 | 13.34 | 0.94 | 22.66 |
| Excess Return | 1.80 | 1.45 | -3.03 | -3.11 | -0.58 | -0.82 | -2.94 | -5.28 | -0.08 | 0.65 |

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 |  |  |
| BHP Group Ltd | 6.37 | 7.96 | -1.59 | Materials | Australia |
| AIA Group Ltd | 5.69 | 6.61 | -0.93 | Financials | Hong Kong |
| Commonwealth Bank of Australia | 5.43 | 6.44 | -1.01 | Financials | Australia |
| National Australia Bank Ltd | 5.30 | 3.83 | 1.46 | Financials | Australia |
| CSL Ltd | 4.00 | 5.48 | -1.47 | Health Care | Australia |
| Woodside Petroleum Ltd | 3.95 | 2.50 | 1.45 | Energy | Australia |
| Australia & New Zealand Ban... | 3.93 | 2.64 | 1.29 | Financials | Australia |
| DBS Group Holdings Ltd | 3.67 | 2.39 | 1.28 | Financials | Singapore |
| Hong Kong Exchanges & Clear... | 3.43 | 2.75 | 0.67 | Financials | Hong Kong |
| Oversea-Chinese Banking Cor... | 2.93 | 1.66 | 1.27 | Financials | Singapore |
| Total (%) | 44.70 | 42.27 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| National Australia Bank Ltd | 5.30 | 3.83 | 1.46 |  | BHP Group Ltd | 6.37 | 7.96 | -1.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Woodside Petroleum Ltd | 3.95 | 2.50 | 1.45 |  | CSL Ltd | 4.00 | 5.48 | -1.47 |
| Brambles Ltd | 2.09 | 0.69 | 1.40 |  | Wesfarmers Ltd | 0.61 | 2.06 | -1.45 |
| Australia & New Zealand Banking ... | 3.93 | 2.64 | 1.29 |  | Woolworths Group Ltd | 0.26 | 1.69 | -1.43 |
| DBS Group Holdings Ltd | 3.67 | 2.39 | 1.28 |  | Macquarie Group Ltd | 1.13 | 2.50 | -1.37 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-3	-2	-1	0	1	2	3	4
Financials	41.57	37.62
Materials	11.43	14.00
Real Estate	10.00	10.73
Industrials	9.38	7.78
Energy	6.63	4.40
Health Care	5.63	7.52
Consumer Discretionary	4.93	5.08
Consumer Staples	3.46	3.89
Utilities	2.17	3.53
Communication Services	2.01	3.93
Information Technology	1.39	1.52
Cash	1.40	0.00

## Geographical Breakdown (%)
Portfolio	Benchmark
Australia	61.34	62.82
Hong Kong	19.50	23.76
Singapore	11.23	11.53
China	4.56	0.00
New Zealand	1.45	1.89
France	0.52	0.00
Cash	1.40	0.00

## Active Exposure by Geography (%)
-5	-4	-3	-2	-1	0	1	2	3	4	5
MarketCap Breakdown (USD - %)
52
48
44
40
36
32
28
24
20
16
12
8
4
0	0 To
250mn
250mn To 500mn
500mn To 1bn
1bn To 3bn
3bn To 5bn
5bn To 10bn
10bn To 25bn
25bn To 100bn
100bn To 250bn
Cash
Port.	0.15	0.52	1.26	7.45	7.43	13.97	9.98	40.35	17.48	1.40
Bench.	-	-	-	-	1.20	12.45	19.15	46.20	21.01	-

Translation (ENDE, 2022-08-31):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)
USD

### 110.14
Port.	Bench.
Anzahl Positionen	107	118
Umschlagsrate 1J (%)	135	-
Aktiver Anteil (%)	45	-

## Fonds-Profile
ESG-Rating
Relatives ESG Rating
Relative CO2-Intensität
30/08/19
29/02/20
31/08/20
28/02/21
31/08/21
28/02/22 31/08/22
Portfolio* (17.44%)	Benchmark (19.09%)
Die Daten von AXA IM sind auf der Basis von 100 zum Anfangsdatum der Grafik angegeben.
| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 16.38 | 19.34 | 16.88 | 16.49 |
| Benchmark Volatilität (%) | 16.17 | 18.90 | 16.30 | 16.64 |
| Relatives Risiko/Tracking Error  (%) | 2.21 | 3.13 | 2.85 | 3.35 |
| Sharpe Ratio | 0.13 | 0.38 | 0.41 | 0.45 |
| Information Ratio | -0.53 | 0.34 | 0.17 | 0.08 |

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.
% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 96.1% Benchmark = 99.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 98.3% Benchmark = 98.5% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)

## Wertentwicklung (Brutto, Netto in %)
30
20
10
0
|  | 31/08/2017 - | 31/08/2018 - | 31/08/2019 - | 31/08/2020 - | 31/08/2021 - |  |
| --- | --- | --- | --- | --- | --- | --- |
| 31/08/2018 | 31/08/2019 | 31/08/2020 | 31/08/2021 | 31/08/2022 |  |
|  | Brutto-Wertentwicklung | 7.68 | 1.48 | -7.17 | 26.30 | 0.16 |  |
|  | Netto-Wertentwicklung | 3.05 | 1.48 | -7.17 | 26.30 | 0.16 |  |

-10
Berechnung nach BVI-Wertermittlungsstatistik (siehe Erläuterung unter 'Wichtige Hinweise')

## Rollierende Wertentwicklung (%)
|  | 1M | 3M | 6M | YTD | 3J | 5J | 31/08/21 31/08/22 | 31/08/20 31/08/21 | 31/08/19 31/08/20 | 31/08/18 31/08/19 | 31/08/17 31/08/18 | Auflage |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -0.19 | -0.19 | 3.94 | -0.16 | 17.44 | 28.33 | 0.16 | 26.30 | -7.17 | 1.48 | 7.68 | 326.74 |
| Benchmark | -0.37 | -0.36 | 4.68 | 2.86 | 19.09 | 35.09 | 2.83 | 24.30 | -6.83 | 6.69 | 6.32 | 442.17 |
| Abstände | 0.18 | 0.17 | -0.74 | -3.02 | -1.65 | -6.76 | -2.66 | 2.00 | -0.34 | -5.22 | 1.36 | -115.43 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | 14.43 | -0.80 | 17.50 | -8.88 | 9.99 | 10.25 | -0.99 | 8.06 | 0.85 | 23.31 |
| Benchmark | 12.63 | -2.25 | 20.54 | -5.78 | 10.57 | 11.07 | 1.95 | 13.34 | 0.94 | 22.66 |
| Abstände | 1.80 | 1.45 | -3.03 | -3.11 | -0.58 | -0.82 | -2.94 | -5.28 | -0.08 | 0.65 |

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.
| Top 10 Positionen |  |
| --- | --- |
| Aktie |  |  | Gewichtung (%) | Sektor | Land |
|  | Portfolio | Benchmark | Relative |  |  |
| BHP Group Ltd | 6.37 | 7.96 | -1.59 | Werkstoffe | Australien |
| AIA Group Ltd | 5.69 | 6.61 | -0.93 | Finanzen | Hong-Kong |
| Commonwealth Bank of Australia | 5.43 | 6.44 | -1.01 | Finanzen | Australien |
| National Australia Bank Ltd | 5.30 | 3.83 | 1.46 | Finanzen | Australien |
| CSL Ltd | 4.00 | 5.48 | -1.47 | Gesundheit | Australien |
| Woodside Petroleum Ltd | 3.95 | 2.50 | 1.45 | Energie | Australien |
| Australia & New Zealand Ban... | 3.93 | 2.64 | 1.29 | Finanzen | Australien |
| DBS Group Holdings Ltd | 3.67 | 2.39 | 1.28 | Finanzen | Singapur |
| Hong Kong Exchanges & Clear... | 3.43 | 2.75 | 0.67 | Finanzen | Hong-Kong |
| Oversea-Chinese Banking Cor... | 2.93 | 1.66 | 1.27 | Finanzen | Singapur |
| Summe (%) | 44.70 | 42.27 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| National Australia Bank Ltd | 5.30 | 3.83 | 1.46 |  | BHP Group Ltd | 6.37 | 7.96 | -1.59 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Woodside Petroleum Ltd | 3.95 | 2.50 | 1.45 |  | CSL Ltd | 4.00 | 5.48 | -1.47 |
| Brambles Ltd | 2.09 | 0.69 | 1.40 |  | Wesfarmers Ltd | 0.61 | 2.06 | -1.45 |
| Australia & New Zealand Banking ... | 3.93 | 2.64 | 1.29 |  | Woolworths Group Ltd | 0.26 | 1.69 | -1.43 |
| DBS Group Holdings Ltd | 3.67 | 2.39 | 1.28 |  | Macquarie Group Ltd | 1.13 | 2.50 | -1.37 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-3	-2	-1	0	1	2	3	4
Finanzen	41.57	37.62
Werkstoffe	11.43	14.00
Immobilien	10.00	10.73
Industrieunternehmen	9.38	7.78
Energie	6.63	4.40
Gesundheit	5.63	7.52
Dauerh. Konsumg.	4.93	5.08
Kurzleb. Konsumg.	3.46	3.89
Öffentliche Dienste	2.17	3.53
Kommunikationsdienste	2.01	3.93
Informatik	1.39	1.52
Liquide Mittel	1.40	0.00

## Geographische Ausrichtung (%)
Portfolio	Benchmark
Australien	61.34	62.82
Hong-Kong	19.50	23.76
Singapur	11.23	11.53
China	4.56	0.00
Neuseeland	1.45	1.89
Frankreich	0.52	0.00
Liquide Mittel	1.40	0.00

## Aktives Engagement nach geografischen Regionen (%)
-5	-4	-3	-2	-1	0	1	2	3	4	5

## Aufgliederung nach Marktkapitalisierung (USD - %)
52
48
44
40
36
32
28
24
20
16
12
8
4
0	Von 0 bis
250 Moi
Von 250 bis
500 Moi
Von 500 Mio
bis 1 Mrd
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
Liquide Mittel
Port.	0.15	0.52	1.26	7.45	7.43	13.97	9.98	40.35	17.48	1.40
Bench.	-	-	-	-	1.20	12.45	19.15	46.20	21.01	-