# Performance & Risk
## Performance Evolution (EUR)

## Fund Profile
ESG Rating
ESG Relative Rating
CO2 Relative rating
28/09/18	30/03/19	30/09/19	30/03/20	30/09/20	30/03/21 30/09/21
Portfolio* (24.01%)	Benchmark (13.50%)
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 = 82.0% Benchmark = 91.8% (not meaningful for coverage below 50%)
% of AUM covered by CO2 intensity indicator: Portfolio
= 82.6% Benchmark = 89.9% (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* (%) | 12.85 | 20.24 | 16.94 | 17.30 |  |
| Benchmark Volatility (%) | 14.93 | 18.58 | 15.62 | 15.18 |  |
| Relative Risk/Tracking Error  (%) | 6.30 | 6.52 | 5.99 | 6.76 |  |
| Sharpe Ratio | 2.61 | 0.47 | 0.55 | 0.47 |  |
| Information Ratio | -0.22 | 0.77 | 0.59 | 0.38 |  |


## 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* | -2.70 | 2.27 | 8.35 | 16.55 | 24.01 | 41.24 | 31.24 | -10.34 | 5.38 | 0.77 | 13.03 | 38.43 |
| Benchmark | -1.17 | 2.09 | 6.99 | 18.26 | 13.50 | 30.65 | 34.96 | -18.65 | 3.37 | 4.74 | 9.90 | 33.31 |
| Excess Return | -1.53 | 0.17 | 1.36 | -1.70 | 10.51 | 10.60 | -3.72 | 8.31 | 2.01 | -3.97 | 3.13 | 5.12 |

Annual Calendar Performance (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -10.03 | 36.25 | -14.39 | 12.28 | - | - | - | - | - | - |
| Benchmark | -14.63 | 26.22 | -10.47 | 8.76 | - | - | - | - | - | - |
| Excess Return | 4.60 | 10.02 | -3.92 | 3.52 | - | - | - | - | - | - |

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 |  |  |
| AstraZeneca PLC | 3.91 | 5.71 | -1.81 | Health Care | United Kingdom |
| Future PLC | 3.26 | 0.17 | 3.09 | Consumer Discretionary | United Kingdom |
| Diageo PLC | 2.92 | 3.41 | -0.50 | Consumer Staples | United Kingdom |
| BP PLC | 2.91 | 2.79 | 0.12 | Energy | United Kingdom |
| Reckitt Benckiser Group PLC | 2.54 | 1.52 | 1.02 | Consumer Staples | United Kingdom |
| Prudential PLC | 2.54 | 1.57 | 0.97 | Financials | United Kingdom |
| GlaxoSmithKline PLC | 2.48 | 2.86 | -0.38 | Health Care | United Kingdom |
| Experian PLC | 2.48 | 1.17 | 1.31 | Industrials | United Kingdom |
| Ashtead Group PLC | 2.45 | 1.04 | 1.41 | Industrials | United Kingdom |
| Legal & General Group PLC | 2.15 | 0.69 | 1.46 | Financials | United Kingdom |
| Total (%) | 27.63 | 20.94 |  |  |  |


## Top 5 Overweight (%)	Top 5 Underweight (%)
Port. Bench. Relative	Port. Bench. Relative
| Future PLC | 3.26 | 0.17 | 3.09 |  | Royal Dutch Shell PLC | 0.00 | 5.32 | -5.32 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Dunelm Group PLC | 2.06 | 0.07 | 1.99 |  | Unilever PLC | 0.00 | 4.26 | -4.26 |
| Marshalls PLC | 1.71 | 0.06 | 1.65 |  | HSBC Holdings PLC | 0.00 | 3.28 | -3.28 |
| Rentokil Initial PLC | 1.97 | 0.45 | 1.53 |  | British American Tobacco PLC | 0.00 | 2.45 | -2.45 |
| Chemring Group PLC | 1.55 | 0.04 | 1.51 |  | Rio Tinto PLC | 0.00 | 2.20 | -2.20 |


## Sector Breakdown (%)
Portfolio	Benchmark

## Active Exposure by Sector (%)
-15	-12	-9	-6	-3	0	3	6	9	12	15
Industrials	25.95	13.09
Consumer Discretionary	15.54	12.51
Financials	12.32	22.37
Health Care	11.76	9.93
Technology	10.98	1.59
Consumer Staples	6.48	15.00
Energy	5.40	8.43
Real Estate	3.18	3.15
Basic Materials	2.18	9.00
Telecommunications	1.31	2.01
Utilities	0.00	2.93
Cash	4.88	0.00
MarketCap Breakdown (GBP - %)
90
80
70
60
50
40
30
20
10
0	FTSE 100	FTSE 250	FTSE
SmallCap
FTSE AIM	Other & AIM Exchange
Cash
Port.	40.58	37.60	4.29	11.68	0.97	4.88
Bench.	79.36	17.23	3.40	-	-	-

Translation (ENDE, 2021-09-30):
# Wertentwicklung & Risiken
Wertentwicklung (EUR)

## Fonds-Profile
ESG-Rating
Relatives ESG Rating
Relative CO2-Intensität
28/09/18	30/03/19	30/09/19	30/03/20	30/09/20	30/03/21 30/09/21
Portfolio* (24.01%)	Benchmark (13.50%)
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 = 82.0% Benchmark = 91.8% (nicht bedeutend bei einer Abdeckung von weniger als 50 %)
% des verwalteten Vermögens, das vom Indikator der CO2-Intensität abgedeckt wird: Portfolio = 82.6%
| berechnet sein. Weitere Informationen entnehmen Risikoanalyse | Sie bitte dem Fondsprospekt. |  |  | Benchmark = 89.9% (nicht bedeutend bei einer Abdeckung von weniger als 50 %) |
| --- | --- | --- | --- | --- |
|  | 1J | 3J | 5J | Auflage |  |
| Portfolio Volatilität* (%) | 12.85 | 20.24 | 16.94 | 17.30 |  |
| Benchmark Volatilität (%) | 14.93 | 18.58 | 15.62 | 15.18 |  |
| Relatives Risiko/Tracking Error  (%) | 6.30 | 6.52 | 5.99 | 6.76 |  |
| Sharpe Ratio | 2.61 | 0.47 | 0.55 | 0.47 |  |
| Information Ratio | -0.22 | 0.77 | 0.59 | 0.38 |  |


## Wertentwicklung (Brutto, Netto in %)
40
20
0
|  | 30/09/2016 - | 30/09/2017 - | 30/09/2018 - | 30/09/2019 - | 30/09/2020 - |  |
| --- | --- | --- | --- | --- | --- | --- |
| 30/09/2017 | 30/09/2018 | 30/09/2019 | 30/09/2020 | 30/09/2021 |
| Brutto-Wertentwicklung | 13.03 | 0.77 | 5.38 | -10.34 | 31.24 |
| Netto-Wertentwicklung | 7.14 | 0.77 | 5.38 | -10.34 | 31.24 |

-20
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* | -2.70 | 2.27 | 8.35 | 16.55 | 24.01 | 41.24 | 31.24 | -10.34 | 5.38 | 0.77 | 13.03 | 38.43 |
| Benchmark | -1.17 | 2.09 | 6.99 | 18.26 | 13.50 | 30.65 | 34.96 | -18.65 | 3.37 | 4.74 | 9.90 | 33.31 |
| Abstände | -1.53 | 0.17 | 1.36 | -1.70 | 10.51 | 10.60 | -3.72 | 8.31 | 2.01 | -3.97 | 3.13 | 5.12 |

Wertentwicklung im Kalenderjahr (%)
|  | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -10.03 | 36.25 | -14.39 | 12.28 | - | - | - | - | - | - |
| Benchmark | -14.63 | 26.22 | -10.47 | 8.76 | - | - | - | - | - | - |
| Abstände | 4.60 | 10.02 | -3.92 | 3.52 | - | - | - | - | - | - |

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 |  |  |
| AstraZeneca PLC | 3.91 | 5.71 | -1.81 | Gesundheitswesen | Großbritannien |
| Future PLC | 3.26 | 0.17 | 3.09 | Verbrauchsgüter | Großbritannien |
| Diageo PLC | 2.92 | 3.41 | -0.50 | Basiskonsumgüter | Großbritannien |
| BP PLC | 2.91 | 2.79 | 0.12 | Energie | Großbritannien |
| Reckitt Benckiser Group PLC | 2.54 | 1.52 | 1.02 | Basiskonsumgüter | Großbritannien |
| Prudential PLC | 2.54 | 1.57 | 0.97 | Finanz-Dienstleistungen | Großbritannien |
| GlaxoSmithKline PLC | 2.48 | 2.86 | -0.38 | Gesundheitswesen | Großbritannien |
| Experian PLC | 2.48 | 1.17 | 1.31 | Industrieunternehmen | Großbritannien |
| Ashtead Group PLC | 2.45 | 1.04 | 1.41 | Industrieunternehmen | Großbritannien |
| Legal & General Group PLC | 2.15 | 0.69 | 1.46 | Finanz-Dienstleistungen | Großbritannien |
| Summe (%) | 27.63 | 20.94 |  |  |  |


## Top 5 übergewichtete Positionen (%)	Top 5 untergewichtete Positionen (%)
Port. Bench. Relative	Port. Bench. Relative
| Future PLC | 3.26 | 0.17 | 3.09 |  | Royal Dutch Shell PLC | 0.00 | 5.32 | -5.32 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Dunelm Group PLC | 2.06 | 0.07 | 1.99 |  | Unilever PLC | 0.00 | 4.26 | -4.26 |
| Marshalls PLC | 1.71 | 0.06 | 1.65 |  | HSBC Holdings PLC | 0.00 | 3.28 | -3.28 |
| Rentokil Initial PLC | 1.97 | 0.45 | 1.53 |  | British American Tobacco PLC | 0.00 | 2.45 | -2.45 |
| Chemring Group PLC | 1.55 | 0.04 | 1.51 |  | Rio Tinto PLC | 0.00 | 2.20 | -2.20 |


## Sektorengewichtung (%)
Portfolio	Benchmark

## Aktives Engagement nach Sektoren (%)
-15	-12	-9	-6	-3	0	3	6	9	12	15
Industrieunternehmen	25.95	13.09
Verbrauchsgüter	15.54	12.51
Finanz-Dienstleistungen	12.32	22.37
Gesundheitswesen	11.76	9.93
Technologie	10.98	1.59
Basiskonsumgüter	6.48	15.00
Energie	5.40	8.43
Immobilien	3.18	3.15
Grundstoffe	2.18	9.00
Telekommunikation	1.31	2.01
Versorger	0.00	2.93
Liquide Mittel	4.88	0.00

## Aufgliederung nach Marktkapitalisierung (GBP - %)
90
80
70
60
50
40
30
20
10
0	FTSE 100	FTSE 250	FTSE
SmallCap
FTSE AIM	Other & AIM Exchange
Liquide Mittel
Port.	40.58	37.60	4.29	11.68	0.97	4.88
Bench.	79.36	17.23	3.40	-	-	-