AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

Name of the Sub-Fund
Appendix 7: AXA WORLD FUNDS – FRAMLINGTON EUROPE
AXA WORLD FUNDS – FRAMLINGTON EUROPE
(Previously named AXA World Funds – European Core Equities)
Management Company AXA Funds Management S.A. (Luxembourg)
Investment Manager AXA Investment Managers Paris
Sub-delegation None
Promoted by AXA Investment Managers
Objectives and Investment Policy
Investment objective:
The objective of the Sub-Fund is to achieve long-term capital growth.
Typical investors would seek long-term capital growth measured in Euro from an actively managed
portfolio of listed equity, equity related securities and derivatives instruments.
Investment policy:
The Investment Manager will seek to achieve the objectives of the Sub-Fund by investing in large,
medium and small capitalisations domiciled in European geographical area.
The portfolio is permanently invested for a minimum of 75% in equities, equivalent securities, investment
certificates and cooperative investment certificates issued by companies having their registered office in
the European Economic Area (i.e. securities or rights eligible to the French Plan d’Epargne en Actions –
PEA) and less than 25% of its assets in companies not based in such area �1 .
The Sub-Fund may invest not more than one third of its assets in Money Market Instruments and up to
10% of its assets in convertible and straight bonds.
This strategy combines a bottom up approach with a thematic research approach.
There is no formal restriction on the proportion of the Sub-Fund's assets that can be invested in and/or
exposed to any one particular market.
The Sub-Fund will invest not more than 10% of its net assets in units of UCITS and/or other UCIs �2 .
For efficient portfolio management purposes, this Sub-Fund may use derivative instruments within the
limits set forth in the section “Investment Restrictions”.
The Reference Currency of the Sub-Fund is EUR.
Risk Profile
This Sub-Fund is mainly invested in equity for which there is high risk of invested capital loss.
Investment Horizon
This Sub-Fund is appropriate for investors who do not withdraw their money for eight years.
�1 Such paragraph shall take effect as from 1 st October 2012. Until that time the following investment
policy as disclosed in the prospectus dated February 2012 shall apply: “The Sub-Fund will invest at all
time at least 66% of its total assets in equities issued by companies domiciled or which exercise the
preponderant part of their economic activities in the European geographical area and not more than 33%
of its assets in companies not based in such area.”
�2 Such paragraph shall take effect as from 1 st October 2012.
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