AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

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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 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
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Page 35 and 36: counterparty receives the underlyin
Page 39 and 40: Tax information This Sub-Fund might
Page 41 and 42: Minimum subscriptions and maximum c
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Page 45 and 46: Name of the Sub-Fund Appendix 7: AX
Page 47 and 48: Ongoing charges (6) Maximum annual
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Date of creation of the Sub-Fund Sh
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Appendix 9: AXA WORLD FUNDS - FRAML
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Ongoing charges (6) Maximum annual
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Date of publication August 2012 thr
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Investment Horizon This Sub-Fund is
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Appendix 11: AXA WORLD FUNDS - FRAM
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One-off charges (3) Ongoing charges
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Date of publication August 2012 and
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Investment Horizon This Sub-Fund is
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(6) Calculated on assets in custody
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Date of publication August 2012 int
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Risks of global investments: Invest
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(3) The one-off charges shown are t
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Holders of Shares held in Euroclear
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This Sub-Fund is appropriate for in
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Date of publication August 2012 The
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All these instruments may be used a
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Minimum initial subscription Minimu
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(1) Subscriptions in USD or the equ
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Minimum subscriptions and maximum c
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Name of the Sub-Fund Appendix 22: A
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Liquidity risks linked to investmen
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divided by the total Net Asset Valu
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Subscription, redemption, and conve
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Other The AXA WORLD FUNDS - FRAMLIN
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and may be subject to various types
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(4) Conversion charges: None, excep
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Sub-Fund's Auditor PricewaterhouseC
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underlying assets. Provided it is i
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Appendix 30: AXA WORLD FUNDS - EURO
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(1) (2) Subscriptions and Holding M
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contract note. Holders of Shares he
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(or some other designated reference
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(5) Although no management fee will
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(or some other designated reference
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(5) Although no management fee will
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Minimum initial subscription Minimu
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- The Shareholder converts its Shar
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Holders of Shares held in Euroclear
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underlying assets. Provided it is i
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In case of redemption of Shares or
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Date of publication August 2012 Sub
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with highly rated financial institu
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Appendix 42: AXA WORLD FUNDS - GLOB
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- the Shareholder converts its Shar
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(6) They do not include transaction
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Other The AXA WORLD FUNDS - GLOBAL
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Risk Profile This Sub-Fund is mainl
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contract note. Holders of Shares he
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Special Risk Consideration Derivati
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Appendix 47: AXA WORLD FUNDS - US H
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the Company will pay dividends. Int
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The Reference Currency of the Sub-F
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Appendix 49: AXA WORLD FUNDS - EMER
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(1) Subscriptions in EUR or the equ
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Sub-Fund's Depositary Sub-Fund's Au
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the standard terms laid down by the
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Date of publication August 2012 For
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it is in its exclusive interest, th
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Appendix 52: AXA WORLD FUNDS - FORC
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Sub-Fund's Depositary Sub-Fund's Au
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and market price of the said bond o
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Date of publication August 2012 abo
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Use of Derivatives: In order to ach
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In order to achieve its management
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Unless otherwise specifically reque
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interest, the Sub-Fund may also sel
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Appendix 57: AXA WORLD FUNDS - OPTI
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Risk Profile This Sub-Fund is inves
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annually, after the end of the rele
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documentation for these derivatives
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Date of publication August 2012 thr
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AXA I - GENERAL INFORMATION AXA is
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(ii) AXA Investment Management Inc.
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The Equity Sub-Funds: their objecti
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Furthermore, there may be an imperf
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securities dealers and listed and u
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9. Risks linked to investments in s
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eserves amount to at least ten mill
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(b) Limitations on Control (15) No
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Furthermore, the Company may resort
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VIII - POOLING OF ASSETS For the pu
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- Class “A” Shares are for all
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their reasonably foreseeable sales
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distributor information about the s
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Instructions for redemptions may be
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Institutional Investors as well as
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- the "Liquidity" Sub-Funds (the po
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c) Rights of the Shareholders and c
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� the cost of preparing and filin
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AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

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