AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

Foreign exchange transactions (as principal for Shareholders or as agent for the Sub-Funds) may be carried out by a
company within AXA.
Reporting
All applications will be acknowledged by a contract note. Shareholders will subsequently be advised of their Personal
Account Number.
Money Laundering and Terrorist Financing
The Company, the Registrar Agent, any distributor and their officers are subject to the provisions of legislation
currently in force in Luxembourg relating to monies which are derived directly or indirectly from criminal activity,
including, but not limited to, activities relating to illegal substances and, where appropriate, for the provisions of
similar legislation in force in any other relevant country. Applicants may be required to furnish independent
documentary evidence of their identity, a permanent address and information relating to the source of the monies to
be invested.
Failure to provide such information or documentation in a timely manner could result in delay in the allotment of
Shares, or in a refusal to allot Shares.
If a distributor or its agents are not subject to anti-money laundering and anti-terrorist financing regulations, the
necessary control will be carried out by the Registrar Agent of the Company.
Market Timing and Late Trading
Subscription and conversion of Shares should be made for investment purposes only. The Company does not permit
market-timing or other excessive trading practices. Excessive, short-term (market-timing) trading practices may
disrupt portfolio management strategies and harm Company performance. To minimise harm to the Company and
the Shareholders, the Company or the Registrar Agent on its behalf has the right to reject any subscription or
conversion order, or levy in addition to any subscription or conversion fees, which may be charged according to the
Appendices, a fee of up to 2% of the value of the order for the benefit of the Company from any investor, who is
engaging in excessive trading or has a history of excessive trading, or if an investor's trading, in the opinion of the
Company, has been or may be disruptive to the Company or any of the Sub-Funds. In making this judgment, the
Company may consider trading done in multiple accounts under common ownership or control. The Company also
has the power to redeem all Shares held by a Shareholder who is or has been engaged in excessive trading. The
Company will not be held liable for any loss resulting from rejected orders or mandatory redemptions.
Subscriptions, redemptions and conversions are dealt with at an unknown Net Asset Value per Share.
XI – HOW TO CONVERT AND REDEEM SHARES
Unless otherwise specified in the relevant Appendix, Shareholders may give instructions to the Registrar Agent for
the conversion of Shares of one Class of Shares of any Sub-Fund into Shares of that same or a different Class in the
same or another Sub-Fund, where available, or for the conversion of distribution Shares into capitalisation Shares, or
for the redemption of Shares, on any Business Day by FTP, swift, facsimile, or post quoting their Personal Account
Number. Unless otherwise specified in the Appendices, instructions to convert or redeem Shares received by the
Registrar Agent prior to 3 pm on any Business Day will be processed at the Dealing Price less any redemption or
conversion fees as mentioned in the relevant Appendix calculated on the following Valuation Day. All instructions to
convert or redeem Shares received by the Registrar Agent after 3 pm shall be deemed to have been received on the
following Business Day. Different redemption and conversion procedures and time limits may apply, if applications for
redemption or conversion are made through a distributor. In such instances, each investor should obtain from the
distributor information about the redemption or conversion procedure relevant to their application for redemption or
conversion together with any time limit by which the application for redemption or conversion must be received.
Investors should note that they may be unable to apply for redemption or conversion of their Shares through a
distributor on days that such distributor is not open for business.
Instructions for redemption or conversion may be posted through BNP Paribas Securities Services Luxembourg - 33
Rue de Gasperich, Howald-Hespérange, L-2085 Luxembourg provided that investors agreed by the Management
Company at its own discretion as eligible to the One Platform have completed an application form with BNP Paribas
Securities Services Luxembourg.
Retail investors will not be allowed to convert their Shares into Classes of Shares reserved for Institutional Investors.
Conversion of Shares of a Sub-Fund calculating its Net Asset Value on a weekly basis into Shares of another Sub-
Fund calculating its Net Asset Value on a weekly basis is not authorised and shall be rejected by the Company.
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