AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...
AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ... AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...
TABLE OF CONTENTS IMPORTANT INFORMATION ...................................................................................................................... 4 THE UNITED STATES OF AMERICA (“UNITED STATES” OR “US”) ..................................................... 4 GLOSSARY ................................................................................................................................................. 5 DIRECTORY ................................................................................................................................................ 7 MANAGEMENT AND ADMINISTRATION .................................................................................................. 7 PART I APPENDICES RELATING TO SUB-FUNDS .............................................................................. 9 ADDITIONAL INFORMATION FOR INVESTORS .................................................................................... 10 APPENDIX 1: AXA WORLD FUNDS – FRAMLINGTON EUROPE REAL ESTATE SECURITIES ........... 13 APPENDIX 2: AXA WORLD FUNDS – FRAMLINGTON GLOBAL REAL ESTATE SECURITIES ............ 19 APPENDIX 3: AXA WORLD FUNDS – FRAMLINGTON GLOBAL ENVIRONMENT ................................ 24 APPENDIX 4: AXA WORLD FUNDS – FRAMLINGTON EUROPE EMERGING ...................................... 29 APPENDIX 5: AXA WORLD FUNDS – FRAMLINGTON EUROZONE ..................................................... 34 APPENDIX 6: AXA WORLD FUNDS – FRAMLINGTON EUROZONE RI ................................................. 40 APPENDIX 7: AXA WORLD FUNDS – FRAMLINGTON EUROPE ........................................................... 45 APPENDIX 8: AXA WORLD FUNDS – FRAMLINGTON EURO RELATIVE VALUE ................................ 50 APPENDIX 9: AXA WORLD FUNDS – FRAMLINGTON EUROPE OPPORTUNITIES ............................ 55 APPENDIX 10: AXA WORLD FUNDS – FRAMLINGTON EUROPE SMALL CAP .................................... 60 APPENDIX 11: AXA WORLD FUNDS – FRAMLINGTON EUROPE MICROCAP .................................... 65 APPENDIX 12: AXA WORLD FUNDS – FRAMLINGTON AMERICAN GROWTH ................................... 71 APPENDIX 13: AXA WORLD FUNDS – FRAMLINGTON EMERGING MARKETS .................................. 76 APPENDIX 14: AXA WORLD FUNDS – FRAMLINGTON GLOBAL ......................................................... 81 APPENDIX 15: AXA WORLD FUNDS – FRAMLINGTON GLOBAL EX-US .............................................. 87 APPENDIX 16: AXA WORLD FUNDS – FRAMLINGTON GLOBAL OPPORTUNITIES ........................... 93 APPENDIX 17: AXA WORLD FUNDS – FRAMLINGTON GLOBAL HIGH INCOME ................................ 98 APPENDIX 18: AXA WORLD FUNDS – FRAMLINGTON HEALTH ........................................................ 104 APPENDIX 19: AXA WORLD FUNDS – FRAMLINGTON HUMAN CAPITAL ......................................... 109 APPENDIX 20: AXA WORLD FUNDS – FRAMLINGTON HYBRID RESOURCES ................................ 114 APPENDIX 21: AXA WORLD FUNDS – FRAMLINGTON NATURAL RESOURCES ............................. 122 APPENDIX 22: AXA WORLD FUNDS – FRAMLINGTON ITALY ............................................................ 127 APPENDIX 23: AXA WORLD FUNDS – FRAMLINGTON JUNIOR ENERGY ........................................ 132 APPENDIX 24: AXA WORLD FUNDS – FRAMLINGTON SWITZERLAND ............................................ 138 APPENDIX 25: AXA WORLD FUNDS – FRAMLINGTON TALENTS GLOBAL ...................................... 143 APPENDIX 26: AXA WORLD FUNDS – FRAMLINGTON EMERGING MARKETS TALENTS ............... 149 APPENDIX 27: AXA WORLD FUNDS – FRAMLINGTON TALENTS AMERICA .................................... 154 APPENDIX 28: AXA WORLD FUNDS – FRAMLINGTON LATAM ........................................................... 159 APPENDIX 29: AXA WORLD FUNDS – EURO CREDIT SHORT DURATION ....................................... 164 APPENDIX 30: AXA WORLD FUNDS – EURO 3-5 ................................................................................. 169 APPENDIX 31: AXA WORLD FUNDS – EURO 5-7 ................................................................................. 174 APPENDIX 32: AXA WORLD FUNDS – EURO 7-10 ............................................................................... 179 APPENDIX 33: AXA WORLD FUNDS – EURO 10 + LT .......................................................................... 184 APPENDIX 34: AXA WORLD FUNDS – EURO BONDS ......................................................................... 189 APPENDIX 35: AXA WORLD FUNDS – EURO CREDIT IG .................................................................... 195 APPENDIX 36: AXA WORLD FUNDS – EURO CREDIT PLUS .............................................................. 201 APPENDIX 37: AXA WORLD FUNDS – EURO GOVERNMENT BONDS .............................................. 208 APPENDIX 38: AXA WORLD FUNDS – EURO INFLATION BONDS ..................................................... 213 APPENDIX 39: AXA WORLD FUNDS – EUROPEAN HIGH YIELD BONDS .......................................... 219 APPENDIX 40: AXA WORLD FUNDS – FRAMLINGTON GLOBAL CONVERTIBLES ........................... 225 APPENDIX 41: AXA WORLD FUNDS – GLOBAL AGGREGATE BONDS ............................................. 232 APPENDIX 42: AXA WORLD FUNDS – GLOBAL CREDIT BONDS ....................................................... 239 APPENDIX 43: AXA WORLD FUNDS – GLOBAL EMERGING MARKETS BONDS .............................. 245 APPENDIX 44: AXA WORLD FUNDS – GLOBAL HIGH YIELD BONDS ................................................ 252 APPENDIX 45: AXA WORLD FUNDS – GLOBAL INFLATION BONDS ................................................. 259 2
APPENDIX 46: AXA WORLD FUNDS – UNIVERSAL INFLATION BONDS ........................................... 266 APPENDIX 47: AXA WORLD FUNDS – US HIGH YIELD BONDS ......................................................... 273 APPENDIX 48: AXA WORLD FUNDS – US LIBOR PLUS ...................................................................... 278 APPENDIX 49: AXA WORLD FUNDS – EMERGING MARKETS LOCAL CURRENCY BONDS ........... 283 APPENDIX 50: AXA WORLD FUNDS – EMERGING MARKETS SHORT DURATION BONDS ............ 290 APPENDIX 51: AXA WORLD FUNDS – GLOBAL STRATEGIC BONDS ............................................... 296 APPENDIX 52: AXA WORLD FUNDS – FORCE 3 .................................................................................. 303 APPENDIX 53: AXA WORLD FUNDS – GLOBAL FLEX 50 .................................................................... 308 APPENDIX 54: AXA WORLD FUNDS – GLOBAL FLEX 100 .................................................................. 314 APPENDIX 55: AXA WORLD FUNDS – GLOBAL OPTIMAL INCOME ................................................... 320 APPENDIX 56: AXA WORLD FUNDS – OPTIMAL INCOME .................................................................. 326 APPENDIX 57: AXA WORLD FUNDS – OPTIMAL ABSOLUTE ............................................................. 333 APPENDIX 58: AXA WORLD FUNDS – MONEY MARKET EURO ......................................................... 340 PART II GENERAL PART .................................................................................................................... 346 I - GENERAL INFORMATION ................................................................................................................. 347 II - INVESTMENT OBJECTIVES AND POLICIES ................................................................................ 350 III - RISK MANAGEMENT PROCESS .................................................................................................. 351 IV - GENERAL RISK CONSIDERATIONS ........................................................................................... 351 V - SPECIAL RISK CONSIDERATIONS .............................................................................................. 354 VI - INVESTMENT RESTRICTIONS .................................................................................................... 357 VII - SPECIAL INVESTMENT AND HEDGING TECHNIQUES AND INSTRUMENTS ........................ 362 VIII - POOLING OF ASSETS ................................................................................................................ 365 IX – SHARES ....................................................................................................................................... 366 XIII - DIVIDENDS ................................................................................................................................. 375 XIV - DATA PROTECTION .................................................................................................................. 375 XV - TAXATION .................................................................................................................................... 376 XVII - MEETINGS ................................................................................................................................. 377 XVIII - LIQUIDATION OF THE COMPANY, MERGER OR LIQUIDATION OF THE SUB-FUNDS AND LIQUIDATION OF THE CLASSES OF SHARES ................................................................................. 377 XIX - REPORTS ................................................................................................................................... 379 XX - FEES, CHARGES AND EXPENSES ............................................................................................ 379 3
- Page 1: VISA 2012/87115-1979-0-PC L'apposit
- Page 5 and 6: GLOSSARY Administrative Expenses -
- Page 7 and 8: DIRECTORY Board of Directors: Mr Jo
- Page 9 and 10: PART I APPENDICES RELATING TO SUB-F
- Page 11 and 12: Hong Kong The Company is authorised
- Page 13 and 14: Appendix 1: AXA WORLD FUNDS - FRAML
- Page 15 and 16: One-off charges (3) Ongoing charges
- Page 17 and 18: Date of creation of the Sub-Fund Sh
- Page 19 and 20: Appendix 2: AXA WORLD FUNDS - FRAML
- Page 21 and 22: One-off charges (3) Ongoing charges
- Page 23 and 24: Sub-Fund's Auditor PricewaterhouseC
- Page 25 and 26: Risks of global investments: Invest
- Page 27 and 28: (6) They do not include transaction
- Page 29 and 30: Appendix 4: AXA WORLD FUNDS - FRAML
- Page 31 and 32: One-off charges (3) Ongoing charges
- Page 33 and 34: Sub-Fund's Auditor PricewaterhouseC
- Page 35 and 36: counterparty receives the underlyin
- Page 37 and 38: One-off charges (3) Ongoing charges
- Page 39 and 40: Tax information This Sub-Fund might
- Page 41 and 42: Minimum subscriptions and maximum c
- Page 43 and 44: Date of creation of the Sub-Fund Sh
- Page 45 and 46: Name of the Sub-Fund Appendix 7: AX
- Page 47 and 48: Ongoing charges (6) Maximum annual
- Page 49 and 50: Date of publication August 2012 Sub
- Page 51 and 52: Minimum subscriptions and maximum c
TABLE OF CONTENTS<br />
IMPORTANT INFORMATION ...................................................................................................................... 4<br />
THE UNITED STATES OF AMERICA (“UNITED STATES” OR “US”) ..................................................... 4<br />
GLOSSARY ................................................................................................................................................. 5<br />
DIRECTORY ................................................................................................................................................ 7<br />
MANAGEMENT AND ADMINISTRATION .................................................................................................. 7<br />
PART I APPENDICES RELATING TO SUB-<strong><strong>FUND</strong>S</strong> .............................................................................. 9<br />
ADDITIONAL INFORMATION FOR INVESTORS .................................................................................... 10<br />
APPENDIX 1: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROPE REAL ESTATE SECURITIES ........... 13<br />
APPENDIX 2: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL REAL ESTATE SECURITIES ............ 19<br />
APPENDIX 3: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL ENVIRONMENT ................................ 24<br />
APPENDIX 4: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROPE EMERGING ...................................... 29<br />
APPENDIX 5: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROZONE ..................................................... 34<br />
APPENDIX 6: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROZONE RI ................................................. 40<br />
APPENDIX 7: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROPE ........................................................... 45<br />
APPENDIX 8: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EURO RELATIVE VALUE ................................ 50<br />
APPENDIX 9: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROPE OPPORTUNITIES ............................ 55<br />
APPENDIX 10: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROPE SMALL CAP .................................... 60<br />
APPENDIX 11: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EUROPE MICROCAP .................................... 65<br />
APPENDIX 12: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON AMERICAN GROWTH ................................... 71<br />
APPENDIX 13: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EMERGING MARKETS .................................. 76<br />
APPENDIX 14: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL ......................................................... 81<br />
APPENDIX 15: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL EX-US .............................................. 87<br />
APPENDIX 16: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL OPPORTUNITIES ........................... 93<br />
APPENDIX 17: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL HIGH INCOME ................................ 98<br />
APPENDIX 18: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON HEALTH ........................................................ 104<br />
APPENDIX 19: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON HUMAN CAPITAL ......................................... 109<br />
APPENDIX 20: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON HYBRID RESOURCES ................................ 114<br />
APPENDIX 21: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON NATURAL RESOURCES ............................. 122<br />
APPENDIX 22: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON ITALY ............................................................ 127<br />
APPENDIX 23: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON JUNIOR ENERGY ........................................ 132<br />
APPENDIX 24: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON SWITZERLAND ............................................ 138<br />
APPENDIX 25: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON TALENTS GLOBAL ...................................... 143<br />
APPENDIX 26: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON EMERGING MARKETS TALENTS ............... 149<br />
APPENDIX 27: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON TALENTS AMERICA .................................... 154<br />
APPENDIX 28: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON LATAM ........................................................... 159<br />
APPENDIX 29: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO CREDIT SHORT DURATION ....................................... 164<br />
APPENDIX 30: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO 3-5 ................................................................................. 169<br />
APPENDIX 31: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO 5-7 ................................................................................. 174<br />
APPENDIX 32: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO 7-10 ............................................................................... 179<br />
APPENDIX 33: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO 10 + LT .......................................................................... 184<br />
APPENDIX 34: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO BONDS ......................................................................... 189<br />
APPENDIX 35: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO CREDIT IG .................................................................... 195<br />
APPENDIX 36: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO CREDIT PLUS .............................................................. 201<br />
APPENDIX 37: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO GOVERNMENT BONDS .............................................. 208<br />
APPENDIX 38: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EURO INFLATION BONDS ..................................................... 213<br />
APPENDIX 39: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – EUROPEAN HIGH YIELD BONDS .......................................... 219<br />
APPENDIX 40: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – FRAMLINGTON GLOBAL CONVERTIBLES ........................... 225<br />
APPENDIX 41: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – GLOBAL AGGREGATE BONDS ............................................. 232<br />
APPENDIX 42: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – GLOBAL CREDIT BONDS ....................................................... 239<br />
APPENDIX 43: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – GLOBAL EMERGING MARKETS BONDS .............................. 245<br />
APPENDIX 44: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – GLOBAL HIGH YIELD BONDS ................................................ 252<br />
APPENDIX 45: <strong>AXA</strong> <strong>WORLD</strong> <strong><strong>FUND</strong>S</strong> – GLOBAL INFLATION BONDS ................................................. 259<br />
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