AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

AXA
I - GENERAL INFORMATION
AXA is a worldwide leader in financial protection. As at 31 st December 2010, it has a market capitalisation of EUR
28.6 billion and employs 214,000 professionals (employees and exclusive distributors) around the world. As at 31 st
December 2010, total assets under management are EUR 1103 billion.
AXA Investment Managers
AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a world
leader in financial protection and wealth management. AXA IM is ranked 14 th in the top 100 asset managers
worldwide with approximately €516 billion in assets under management as of the end of December 2010. AXA IM
employs over 2,400 people around the world and operates out of 23 countries.
The Company
AXA World Funds is a Luxembourg based open-ended investment company with variable capital (société
d’investissement à capital variable hereinafter "SICAV"). The Company was first established on 24 th December 1996
as a fonds commun de placement. By a decision of the unitholders of the Company adopted on 18 th February 1998,
the Company was transformed into a société anonyme qualifying as a SICAV and the Company’s Articles of
Incorporation were adopted. The Articles were last amended at the extraordinary general meeting of Shareholders
held on 7 th February 2012 and will be published in the Mémorial on 5 th March 2012.
The share capital of the Company is represented by fully paid Shares of no par value and is at any time equal to the
Net Asset Value of the Sub-Funds and Classes of Shares. The capital of the Company is expressed in EUR.
The Company’s registered office is 49, Avenue J.F. Kennedy L-1855 Luxembourg, Grand Duchy of Luxembourg. The
register of Shareholders will be kept at the registered office in accordance with the Luxembourg law of 10 th August
1915 on commercial companies as amended.
The Company is recorded under the number B 63.116 at the "Registre de Commerce et des Sociétés" where its
Articles are available for inspection and where copies thereof may be obtained upon request.
The Company is commonly described as an umbrella fund. It is presently structured to provide both institutional and
private investors with access to a range of separate pools of assets or Sub-Funds. The Company offers a choice of
Sub-Funds each denominated in the Reference Currency. The Sub-Funds invest in a diversified range of securities
throughout the markets of the world in accordance with their specific investment objectives. The Company shall
maintain for each Sub-Fund a separate portfolio of assets. As between Shareholders, each portfolio of assets shall
be invested for the exclusive benefit of the relevant Sub-Fund. The Shareholders shall only be entitled to the assets
and profits of that Sub-Fund in which he participates. With regards to third parties, in particular towards the
Company’s creditor, the Company shall be responsible for all liabilities incurred by a Sub-Fund exclusively based on
the assets of this relevant Sub-Fund. Among the Shareholders, the liabilities of each Sub-Fund shall only be incurred
to the respective Sub-Fund.
Furthermore, in accordance with the section “Shares” of the Prospectus, the Directors may issue Shares of different
Classes in each Sub-Fund. Each Class may, as more fully described in the relevant Appendix for each Sub-Fund, (i)
have a different currency of denomination, (ii) be targeted to different types of investors, (iii) have different minimum
investment and holding requirements, (iv) have a different fee structure, (v) have a different distribution policy or (vi)
have a different distribution channel.
Unless otherwise specified in the relevant Appendix, Shareholders are able to switch between Sub-Funds and
Classes to re-align their investment portfolio and take into account their changing circumstances and/or market
conditions.
Management and Administration of the Company
Directors of the Company
The Directors of the Company are responsible for the overall administration, control and management of the
Company, including the determination of the investment objective and policies of each Sub-Fund. In particular, the
Directors of the Company are responsible for the monitoring and the overall supervision and control of the
Management Company. To this effect, the Board may give board recommendations to the Management Company in
relation to, without limitation, the structure, promotion, administration, investment management and distribution of the
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