AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...
AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ... AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...
Appendix 21: AXA WORLD FUNDS – FRAMLINGTON NATURAL RESOURCES Name of the Sub-Fund AXA WORLD FUNDS – FRAMLINGTON NATURAL RESOURCES Management Company AXA Funds Management S.A. (Luxembourg) Investment Manager AXA Investment Managers Paris Sub-delegation None Promoted by AXA Investment Managers Objectives and Investment Policy Investment objective: The objective of the Sub-Fund is to achieve long term capital growth. Typical investors would seek long term capital growth measured in USD from an actively managed portfolio of equities linked to the commodities sector worldwide. Investment policy: The Investment Manager will seek to achieve the objectives of the Sub-Fund by investing its assets essentially in international equities and equities related instruments issued by all capitalisation companies operating, directly or indirectly, in the commodity sectors or generally linked to the commodity sectors. The Sub-Fund will invest in equities of companies operating in or linked to the four large commodity groups: materials, energy, gold and agricultural commodities. Investment decisions are based on a combination of macroeconomic, sector and company specific analysis. The share selection process relies on a rigorous analysis of the companies’ business model, quality of management, growth prospects and overall risk return profile. The Fund will not trade any physical commodities and will not take physical delivery of any commodities. The Sub-Fund will invest not more than 10% of its net assets in units of UCITS and/or other UCIs � . The Reference Currency of the Sub-Fund is USD. Risk Profile This Sub-Fund is mainly invested in equity for which there is high risk of invested capital loss. Special Risk Consideration Risks of global investments: Investments in securities issued or listed in different countries may imply the application of different standards and regulations (accounting, auditing and financial reporting standards, clearance and settlement procedures, taxes on dividends…). Investments may be affected by movements of foreign exchange rates, changes in laws or restrictions applicable to such investments, changes in exchange control regulations or price volatility. Risks linked to Investments in specific sectors or asset classes: The Sub-Fund is exposed to concentration risk on commodities. Investment Horizon This Sub-Fund is appropriate for investors who do not withdraw their money for eight years. For more details about risks, please refer to general part of the Prospectus, sections entitled “General Risk Considerations” and “Special Risk Considerations”. � Such paragraph shall take effect as from 1 st October 2012. 122
Minimum subscriptions and maximum charges of the Sub-Fund Shares Investors All investors Shares under specific conditions / for specific investors Share Class A E F More specifically designed for Institutional Investors Minimum initial subscription Minimum subsequent investment Minimum holding requirement in the Company Minimum holding requirement in each Sub- Fund (1) (2) Subscriptions and Holding 123 I For Institutional Investors only M Only subscribe d by AXA IM Group with the prior approval of the Directors None None 500.000,00 5.000.000,00 None None None 10.000,00 1.000.000,00 None None None 500.000,00 None None None None 10.000,00 1.000.000,00 None Subscription, redemption, and conversion of shares Applications for subscription, redemption or conversion of Shares may be made on any Business Day to the Registrar Agent or any distributor appointed by the Company in the relevant country. Investors whose application for subscription, redemption or conversion are received by the Registrar Agent prior to 3 pm on any Business Day will be processed at the Dealing Price calculated on the following Valuation Day plus respectively less any subscription, redemption or conversion fees as mentioned below. All applications received by the Registrar Agent after 3 pm shall be deemed to have been received on the following Business Day
- Page 71 and 72: Appendix 12: AXA WORLD FUNDS - FRAM
- Page 73 and 74: One-off charges (3) Ongoing charges
- Page 75 and 76: Date of publication August 2012 and
- Page 77 and 78: Investment Horizon This Sub-Fund is
- Page 79 and 80: (6) Calculated on assets in custody
- Page 81 and 82: Appendix 14: AXA WORLD FUNDS - FRAM
- Page 83 and 84: One-off charges (3) Ongoing charges
- Page 85 and 86: Date of creation of the Sub-Fund Sh
- Page 87 and 88: Appendix 15: AXA WORLD FUNDS - FRAM
- Page 89 and 90: One-off charges (3) Ongoing charges
- Page 91 and 92: Date of creation of the Sub-Fund Sh
- Page 93 and 94: Appendix 16: AXA WORLD FUNDS - FRAM
- Page 95 and 96: Ongoing charges (5) Maximum annual
- Page 97 and 98: Date of publication August 2012 int
- Page 99 and 100: Risks of global investments: Invest
- Page 101 and 102: (3) The one-off charges shown are t
- Page 103 and 104: Holders of Shares held in Euroclear
- Page 105 and 106: This Sub-Fund is appropriate for in
- Page 107 and 108: Date of creation of the Sub-Fund Sh
- Page 109 and 110: Appendix 19: AXA WORLD FUNDS - FRAM
- Page 111 and 112: One-off charges (3) Ongoing charges
- Page 113 and 114: Date of publication August 2012 The
- Page 115 and 116: All these instruments may be used a
- Page 117 and 118: Minimum initial subscription Minimu
- Page 119 and 120: (1) Subscriptions in USD or the equ
- Page 121: Date of publication August 2012 The
- Page 125 and 126: (7) Calculated on assets in custody
- Page 127 and 128: Name of the Sub-Fund Appendix 22: A
- Page 129 and 130: One-off charges (3) Ongoing charges
- Page 131 and 132: Date of publication August 2012 The
- Page 133 and 134: Liquidity risks linked to investmen
- Page 135 and 136: divided by the total Net Asset Valu
- Page 137 and 138: Date of publication August 2012 The
- Page 139 and 140: Minimum subscriptions and maximum c
- Page 141 and 142: Date of creation of the Sub-Fund Sh
- Page 143 and 144: Appendix 25: AXA WORLD FUNDS - FRAM
- Page 145 and 146: Subscription, redemption, and conve
- Page 147 and 148: Date of creation of the Sub-Fund Sh
- Page 149 and 150: Appendix 26: AXA WORLD FUNDS - FRAM
- Page 151 and 152: Subscription, redemption, and conve
- Page 153 and 154: Other The AXA WORLD FUNDS - FRAMLIN
- Page 155 and 156: and may be subject to various types
- Page 157 and 158: (4) Conversion charges: None, excep
- Page 159 and 160: Appendix 28: AXA WORLD FUNDS - FRAM
- Page 161 and 162: One-off charges (3) Ongoing charges
- Page 163 and 164: Sub-Fund's Auditor PricewaterhouseC
- Page 165 and 166: underlying assets. Provided it is i
- Page 167 and 168: (4) Conversion charges: None, excep
- Page 169 and 170: Appendix 30: AXA WORLD FUNDS - EURO
- Page 171 and 172: (1) (2) Subscriptions and Holding M
Minimum subscriptions and maximum charges of the Sub-Fund<br />
Shares<br />
Investors All investors Shares under specific conditions / for<br />
specific investors<br />
Share Class A E F<br />
More<br />
specifically<br />
designed<br />
for<br />
Institutional<br />
Investors<br />
Minimum initial<br />
subscription<br />
Minimum subsequent<br />
investment<br />
Minimum holding<br />
requirement in the<br />
Company<br />
Minimum holding<br />
requirement in each Sub-<br />
Fund<br />
(1) (2)<br />
Subscriptions and Holding<br />
123<br />
I<br />
For<br />
Institutional<br />
Investors only<br />
M<br />
Only<br />
subscribe<br />
d by <strong>AXA</strong><br />
IM Group<br />
with the<br />
prior<br />
approval<br />
of the<br />
Directors<br />
None None 500.000,00 5.000.000,00 None<br />
None None 10.000,00 1.000.000,00 None<br />
None None 500.000,00 None None<br />
None None 10.000,00 1.000.000,00 None<br />
Subscription, redemption, and conversion of shares<br />
Applications for subscription, redemption or conversion of Shares may be made on any Business<br />
Day to the Registrar Agent or any distributor appointed by the Company in the relevant country.<br />
Investors whose application for subscription, redemption or conversion are received by the Registrar<br />
Agent prior to 3 pm on any Business Day will be processed at the Dealing Price calculated on the<br />
following Valuation Day plus respectively less any subscription, redemption or conversion fees as<br />
mentioned below.<br />
All applications received by the Registrar Agent after 3 pm shall be deemed to have been received<br />
on the following Business Day