# AXA WF Euro Strategic Bonds I EUR
| Benchmark |  |
| --- | --- |
| The fund doesn't have a benchmark. Fund Key Metrics |
|  | Port. |
| Linear Average Rating | BBB |
| Mod. Duration | 1.50 |
| Mod. Duration To Worst | 1.51 |
| Yield To Worst (%) | 2.33 |
| Number of Holdings | 74 |
| Number of Issuers | 52 |
| Fund Profile |  |
| ESG Rating |  |

% of AUM covered by ESG absolute rating: Portfolio = 90.3% (not meaningful for coverage below 50%)
| Key Figures (EUR)* Fund Cumulative Performance (%)		Current NAV YTD	1Y	3Y	10Y	Launch	Acc.		Inc. -3.04	-2.10	+3.86	+30.42  +138.58	171.83	120.21 Fund Annualized Performance (%)	Assets Under Management (M) 3 Y.	5 Y.	10 Y.	Launch		EUR +1.27	+0.74	+2.69	+3.83	159.65 Dividend Record |  |
| --- | --- |
|  | Record Date | Ex-Date | Dividend per Share | 12 month Yield (%) |
| Dec 2018 | 27/12/2018 | 28/12/2018 | 0.58 | 0.50 |
| Dec 2019 | 27/12/2019 | 30/12/2019 | 0.64 | 0.53 |
| Dec 2020 | 29/12/2020 | 30/12/2020 | 0.40 | 0.32 |
| Dec 2021 | 29/12/2021 | 30/12/2021 | 0.38 | 0.31 |
| 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) |
| 108 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| 106 |
|  |  |  |  |  |  |  |
| 104 |
|  |  |  |  |  |  |  |
| 102 |
|  |  |  |  |  |  |  |
| 100 |
|  |  |  |  |  |  |  |
| 98 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20	28/02/21 | 28/08/21 28/02/22 |  |
| Portfolio* (3.86%) |  |
| 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* (%) | 2.27 | 3.78 | 3.12 | 3.36 |
| Sharpe Ratio | -0.50 | 0.57 | 0.51 | 0.77 |
| 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* | -2.52 | -2.06 | -3.02 | -3.04 | 3.86 | 3.74 | -2.10 | 0.75 | 5.29 | -0.46 | 0.36 | 138.58 |
| Annual Calendar Performance (%) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Portfolio* | -0.10 | 2.89 | 5.00 | -1.70 | 0.98 | 2.68 | 0.61 | 10.16 | 2.74 | 11.08 |

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 |
| Name | Weighting (%) | Issuer country | Mod. Duration | Contribution |
| Italy (Republic of) 3.5% 03/01/2030 | 8.88 | Italy | 7.0 | 0.62 |
| Italy (Republic of) 12/15/2024 | 6.32 | Italy | 2.8 | 0.18 |
| Philippines (Republic of) 0.25% 04/28/2025 | 3.67 | Philippines | 3.1 | 0.11 |
| Romania (Republic of) 2.375% 04/19/2027 | 2.51 | Romania | 4.7 | 0.12 |
| Mexican (Republic of) 1.75% 04/17/2028 | 2.45 | Mexico | 5.6 | 0.14 |
| Indonesia (Republic of) 3.75% 06/14/2028 | 2.10 | Indonesia | 5.5 | 0.12 |
| Spain Government Bond 1.95% 07/30/2030 | 2.07 | Spain | 7.7 | 0.16 |
| NRW Bank 0.125% 04/12/2027 | 1.85 | Germany | 5.1 | 0.09 |
| Groupama SA 6% 01/23/2027 | 1.83 | France | 4.3 | 0.08 |
| Unibail-Rodamco SE VAR PERP | 1.82 | France | 1.6 | 0.03 |
| Total (%) | 33.50 |  |  |  |


## Sector Breakdown (%)	Contribution to duration by sector
Portfolio
Financial	28.80	2
Quasi & Foreign Gvt	24.43	1
Industrials	18.48	0
Sovereign	18.20	-1
Utility	3.23	-2
Quasi &
Foreign Gvt
Financial
Industrials
Not
Classified
Utility
Sovereign
Cash
Cash	6.86	-3
Port.	1.5	1.4	0.7	0.3	0.1	-2.2	-0.4

## Securities Exposure by geographical area (%)	Contribution to Duration by Geography
Portfolio
Italy	24.21
France	18.49
Germany	11.04
Spain	10.00
China	3.68
Philippines	3.67
Romania	2.51
Mexico	2.45
Portugal	2.31
United States	2.19
Other	12.58
Cash	6.86
1.6
1.2
0.8
0.4
0.0
-0.4
-0.8
-1.2
Italy
Spain
Portugal
China
Peru
Mexico
Hungary
Chile
Romania
Other
-1.6
Port. 1.4	0.5	0.2	0.2	0.2	0.1	0.1	0.1	0.1  -1.4

## Maturity Breakdown (%)
36
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32
28
24
20
16
12
8
4
| 0 | 1-3 years | 3-5 years | 5-7 years | 7-10 years | 10-20 years | +20 years |
| --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 15.38 | 27.37 | 20.34 | 31.63 | 2.12 | 3.15 |


## Rating Breakdown (%)
70
60
50
40
30
20
10
| 0 | AA | A | BBB | BB | Cash |
| --- | --- | --- | --- | --- | --- |
| Portfolio | 5.84 | 12.17 | 63.73 | 11.40 | 6.86 |


## Currency Breakdown (%)
120
|  |  |  |
| --- | --- | --- |
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100
80
60
40
20
0
EUR
Portfolio	100.00

Translation (ENDE, 2022-02-28):
# AXA WF Euro Strategic Bonds I EUR
## Benchmark
Der Fonds hat keine Benchmark.

## Fondsindikatoren
| Durchschnittliches Rating (Linear) | BBB |
| --- | --- |
| Mod. Duration | 1.50 |
| Mod. Duration To Worst | 1.51 |
| Yield-to-Worst (%) | 2.33 |
| Anzahl Positionen | 74 |
| Anzahl Emittenten | 52 |
| Fonds-Profile |  |
| ESG-Rating |  |

Port.
| Kennzahlen (EUR)* Kumulative Wertentwicklung des Fonds (%)		Aktueller NAV YTD	1J	3J	10J	Auflage	Acc		Aus. -3.04	-2.10	+3.86	+30.42  +138.58	171.83	120.21 Annualisierte Wertentwicklung des Fonds (%)	Nettovermögen (M) 3 J.	5 J.	10 J.	Auflage		EUR +1.27	+0.74	+2.69	+3.83	159.65 Dividendenentwicklung |  |
| --- | --- |
|  | Stichtag | ex-Datum |  | Dividende | 12-Monats-Rendite |
|  |  |  |  | je Anteil |  |
| Dez 2018 | 27/12/2018 | 28/12/2018 |  | 0.58 | 0.50 |
| Dez 2019 | 27/12/2019 | 30/12/2019 |  | 0.64 | 0.53 |
| Dez 2020 | 29/12/2020 | 30/12/2020 |  | 0.40 | 0.32 |
| Dez 2021 | 29/12/2021 | 30/12/2021 |  | 0.38 | 0.31 |
| 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 |
| 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) |
| 108 |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| 106 |
|  |  |  |  |  |  |  |
| 104 |
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| 102 |
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| 100 |
|  |  |  |  |  |  |  |
| 98 |
| 28/02/19 | 28/08/19 | 28/02/20 | 28/08/20 | 28/02/21 | 28/08/21 28/02/22 |  |
| Portfolio* (3.86%) |  |
| 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. |  |

% des verwalteten Vermögens, das vom absoluten ESG-Rating abgedeckt wird: Portfolio = 90.3% (nicht bedeutend bei einer Abdeckung von weniger als 50
%)
| Risikoanalyse |  |
| --- | --- |
|  | 1J | 3J | 5J | Auflage |
| Portfolio Volatilität* (%) | 2.27 | 3.78 | 3.12 | 3.36 |
| Sharpe Ratio | -0.50 | 0.57 | 0.51 | 0.77 |
| Wertentwicklung (Brutto, Netto in %) |  |  |  |  |

7.50
|  |  |  |  |
| --- | --- | --- | --- |
|  |  |
|  |  |  |  |

5.00
2.50
0.00
| 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 |

-2.50
| Brutto-Wertentwicklung | 0.36 | -0.46 | 5.29 | 0.75 | -2.10 |
| --- | --- | --- | --- | --- | --- |
| Netto-Wertentwicklung | 0.36 | -0.46 | 5.29 | 0.75 | -2.10 |

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* | -2.52 | -2.06 | -3.02 | -3.04 | 3.86 | 3.74 | -2.10 | 0.75 | 5.29 | -0.46 | 0.36 | 138.58 |

Wertentwicklung im Kalenderjahr (%)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio* | -0.10 | 2.89 | 5.00 | -1.70 | 0.98 | 2.68 | 0.61 | 10.16 | 2.74 | 11.08 |

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.
| Portfolioanalyse |  |
| --- | --- |
| Top 10 Positionen |
| Name | Gewichtung (%) | Investiert in | Mod. Duration | Beitrag |
| Italy (Republic of) 3.5% 03/01/2030 | 8.88 | Italien | 7.0 | 0.62 |
| Italy (Republic of) 12/15/2024 | 6.32 | Italien | 2.8 | 0.18 |
| Philippines (Republic of) 0.25% 04/28/2025 | 3.67 | Philippinen | 3.1 | 0.11 |
| Romania (Republic of) 2.375% 04/19/2027 | 2.51 | Rumänien | 4.7 | 0.12 |
| Mexican (Republic of) 1.75% 04/17/2028 | 2.45 | Mexiko | 5.6 | 0.14 |
| Indonesia (Republic of) 3.75% 06/14/2028 | 2.10 | Indonesien | 5.5 | 0.12 |
| Spain Government Bond 1.95% 07/30/2030 | 2.07 | Spanien | 7.7 | 0.16 |
| NRW Bank 0.125% 04/12/2027 | 1.85 | Deutschland | 5.1 | 0.09 |
| Groupama SA 6% 01/23/2027 | 1.83 | Frankreich | 4.3 | 0.08 |
| Unibail-Rodamco SE VAR PERP | 1.82 | Frankreich | 1.6 | 0.03 |
| Summe (%) | 33.50 |  |  |  |


## Sektorengewichtung (%)	Beitrag zur Duration nach Sektor
Portfolio
Finanzen	28.80	2
Quasi & Foreign Gvt	24.43	1
0
Industrie	18.48	-1
Sovereign	18.20	-2
Quasi & Foreign
Gvt
Finanzen
Industrie
Ohne Zuordnung
Versorgungsbetr.
Cash
Sovereign
Versorgungsbetr.	3.23	-3
Liquide Mittel	6.86
Port.	1.5	1.4	0.7	0.3	0.1	-0.4	-2.2

## Geographische Ausrichtung (%)	Beitrag zur Duration nach Land
Portfolio
Italien	24.21
Frankreich	18.49
Deutschland	11.04
Spanien	10.00
China	3.68
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
Italien
Spanien
Portugal
China
Peru
Mexiko
Ungarn
Chile
Rumänien
Sonstige
| Philippinen | 3.67 |  | -2.0 |  |
| --- | --- | --- | --- | --- |
| Rumänien | 2.51 |  |  |
| Mexiko | 2.45 |  |  |
| Portugal | 2.31 |  | Port. | 1.4	0.5 | 0.2 | 0.2	0.2	0.1 | 0.1 | 0.1	0.1 | -1.4 |
| Vereinigte Staaten Von Amerika | 2.19 |  |
| Sonstige | 12.58 |
| Liquide Mittel | 6.86 |
| Engagement nach Laufzeit (%) |  |

-1.5
36
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32
28
24
20
16
12
8
4
| 0 | 1-3 Jahre | 3-5 Jahre | 5-7 Jahre | 7-10 Jahre | 10-20 Jahre | +20 Jahre |
| --- | --- | --- | --- | --- | --- | --- |
| Portfolio | 15.38 | 27.37 | 20.34 | 31.63 | 2.12 | 3.15 |


## Engagement nach Rating (%)
70
60
50
40
30
20
10
| 0 | AA | A | BBB | BB | Liquide Mittel |
| --- | --- | --- | --- | --- | --- |
| Portfolio | 5.84 | 12.17 | 63.73 | 11.40 | 6.86 |


## Engagement nach Währung (%)
120
|  |  |  |
| --- | --- | --- |
|  |  |
|  |  |
|  |  |
|  |  |

100
80
60
40
20
0
EUR
Portfolio	100.00