AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...
AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ... AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...
2. Payable by the Company � To the Management Company The Management Company is entitled to receive out of the net assets of each Sub-Fund an annual management fee specified in the relevant Appendices as a maximum rate. The annual management fees are calculated as a percentage of the Net Asset Value of each Class of Shares. In addition, for specific Classes of Shares, as detailed in the relevant Appendices, a distribution fee is calculated on top of the annual management fee, as a maximum percentage of the Net Asset Value of each Class of Shares. These fees are calculated and accrued daily and are payable monthly in arrears. The Management Company is responsible for the payment of the fees of the Investment Managers. The Management Company is also entitled to any rounding adjustments. � To the Custodian, Registrar Agent, Domiciliary, Administrative and Paying Agent The maximum fees of the Custodian, Registrar Agent, Domiciliary, Administrative and Paying Agent are charged to the Company and specified in the Appendices. These fees are subject to annual review. The Company also pays the expenses and disbursements of the Custodian, Registrar Agent, Domiciliary, Administrative and Paying Agent including the cost of electronic fund transfers. The Company also pays any fees and expenses agreed from time to time between the Company and any distributors and representatives. 3. Payable by each Sub-Fund Each Sub-Fund is charged with its own directly attributable expenses, such as the cost of investment dealing (including usual banking and brokerage fees due on transactions involving portfolio securities of each Sub-Fund, the latter to be included in the acquisition price and to be deducted from the selling price) and interest on permitted borrowings. Other expenses not attributable to any particular Sub-Fund are allocated on an equitable basis as determined by the Directors (normally pro rata to the respective Net Asset Value of each Sub-Fund). The Directors will endeavour to ensure that such expenses are fair and reasonable. A portion of commissions paid to selected brokers for certain portfolio transactions may be repaid to the Sub-Funds which generated the commissions with these brokers and may be used to offset expenses. For the Sub-Funds registered in Switzerland, the following restriction applies: If the Management Company acquires units of other undertakings for collective investment that are managed directly or indirectly by the Management Company itself or a company to which it is related by virtue of common management or control or by way of a direct or indirect stake of more than 10% of the capital or votes ("related target funds"), only a reduced all-in fee of 0,25 %, including retrocession payments, may be charged to the Sub-Fund’s assets in respect of such investments. Moreover, the Management Company may not charge to the Company any issuing or redemption commissions of the related target funds. 4. Expenses payable by the Company All expenses incurred in the formation of the Company have been fully amortised. The costs, charges and expenses which are payable by the Company include: � all taxes which may be due on the assets and the income of the Company; � remuneration of the Management Company, the Custodian, the Registrar Agent, the Domiciliary and Administrative Agent, any Paying Agent, and of any representatives in jurisdictions where the Shares are qualified for sale, and of all other agents employed on behalf of the Company; such remuneration may be based on the net assets of the Company or on a transaction basis or may be a fixed sum; � the cost of preparing, printing and publishing in such languages as are necessary, and distributing offering information or documents concerning the Company, annual and semi-annual reports and such other reports or documents, as may be allowed or required under the applicable laws or regulations of the jurisdictions or the authorities where the Shares are qualified for sale; � registrars’ fees; � the cost of printing certificates and proxies; 380
� the cost of preparing and filing the Articles and all other documents concerning the Company, including registration statements and offering circulars with all authorities (including local securities dealers’ associations) having jurisdiction over the Company or the offering of Shares; � the cost of qualifying the Company or the sale of Shares in any jurisdiction or of a listing on any exchange; � the cost of accounting and bookkeeping; � legal and auditing fees; � Directors’ fees and expenses and remuneration of officers and employees of the Company; � the cost of preparing, printing, publishing and distributing public notices and other communications to the Shareholders; � the cost of calculating the Net Asset Value of each Sub-Fund; � insurance, postage, telephone and telex; � distribution and sales support costs; � and all similar charges and expenses. Material Contracts The following contracts have been entered into by the Company and are, or maybe, material or contain indemnities in favour of the other parties thereto other than in respect of negligence or wilful default: i. Management Company Services Agreement dated 29 th August 2006 between the Company of the one part and the Management Company of the other part (the “Management Company Services Agreement”). The Management Company Services Agreement may be terminated upon three months’ written notice. ii. Custodian Agreement dated 31 st March 2006 between the Company of the one part and the Custodian of the other part (the “Custodian Agreement’). The Custodian Agreement may be terminated upon three months’ written notice. iii. Administration Agency, Domiciliary, Paying Agency, Listing Agency and Registrar and Transfer Agency Agreement dated 29 th August 2006, as amended, between the Company and the Management Company of the one part and State Street Bank Luxembourg S.A. of the other part (the “Administration Agreement”). The Administration Agreement may be terminated upon three months’ written notice. 381
- Page 329 and 330: Ongoing charges (6) Maximum annual
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- Page 333 and 334: Appendix 57: AXA WORLD FUNDS - OPTI
- Page 335 and 336: Risk Profile This Sub-Fund is inves
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- Page 339 and 340: annually, after the end of the rele
- Page 341 and 342: documentation for these derivatives
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- Page 345 and 346: Date of publication August 2012 thr
- Page 347 and 348: AXA I - GENERAL INFORMATION AXA is
- Page 349 and 350: (ii) AXA Investment Management Inc.
- Page 351 and 352: The Equity Sub-Funds: their objecti
- Page 353 and 354: Furthermore, there may be an imperf
- Page 355 and 356: securities dealers and listed and u
- Page 357 and 358: 9. Risks linked to investments in s
- Page 359 and 360: eserves amount to at least ten mill
- Page 361 and 362: (b) Limitations on Control (15) No
- Page 363 and 364: Furthermore, the Company may resort
- Page 365 and 366: VIII - POOLING OF ASSETS For the pu
- Page 367 and 368: - Class “A” Shares are for all
- Page 369 and 370: their reasonably foreseeable sales
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� the cost of preparing and filing the Articles and all other documents concerning the Company, including<br />
registration statements and offering circulars with all authorities (including local securities dealers’ associations)<br />
having jurisdiction over the Company or the offering of Shares;<br />
� the cost of qualifying the Company or the sale of Shares in any jurisdiction or of a listing on any exchange;<br />
� the cost of accounting and bookkeeping;<br />
� legal and auditing fees;<br />
� Directors’ fees and expenses and remuneration of officers and employees of the Company;<br />
� the cost of preparing, printing, publishing and distributing public notices and other communications to the<br />
Shareholders;<br />
� the cost of calculating the Net Asset Value of each Sub-Fund;<br />
� insurance, postage, telephone and telex;<br />
� distribution and sales support costs;<br />
� and all similar charges and expenses.<br />
Material Contracts<br />
The following contracts have been entered into by the Company and are, or maybe, material or contain indemnities in<br />
favour of the other parties thereto other than in respect of negligence or wilful default:<br />
i. Management Company Services Agreement dated 29 th August 2006 between the Company of the one part and<br />
the Management Company of the other part (the “Management Company Services Agreement”). The<br />
Management Company Services Agreement may be terminated upon three months’ written notice.<br />
ii. Custodian Agreement dated 31 st March 2006 between the Company of the one part and the Custodian of the<br />
other part (the “Custodian Agreement’). The Custodian Agreement may be terminated upon three months’<br />
written notice.<br />
iii. Administration Agency, Domiciliary, Paying Agency, Listing Agency and Registrar and Transfer Agency<br />
Agreement dated 29 th August 2006, as amended, between the Company and the Management Company of the<br />
one part and State Street Bank Luxembourg S.A. of the other part (the “Administration Agreement”). The<br />
Administration Agreement may be terminated upon three months’ written notice.<br />
381
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