AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

Appendix 12: AXA WORLD FUNDS – FRAMLINGTON AMERICAN GROWTH
Name of the Sub-Fund AXA WORLD FUNDS – FRAMLINGTON AMERICAN GROWTH
Management Company AXA Funds Management S.A. (Luxembourg)
Investment Manager AXA Investment Managers UK Limited (London)
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 USD 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 at all times at
least two thirds of its total assets in equities and equity related instruments issued by all cap companies
domiciled or which exercise the preponderant part of their economic activities in the Americas, including
the US, Canada and Mexico, which, in the Investment Manager’s opinion, show above average
profitability, management quality and growth.
The Sub-Fund may invest not more than one third of its total assets in Money Market Instruments and up
to 10% of its assets in convertible and straight bonds.
The Sub-Fund will invest not more than 10% of its net assets in units of UCITS and/or other UCIs � .
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 USD.
Risk Profile
This Sub-Fund is mainly invested in equity for which there is high risk of invested capital loss.
Special Risk Consideration
Liquidity risks linked to investments in small and micro capitalisation universe: Investing in the small and
micro capitalisation universe implies specific liquidity risk.
Investment Horizon
This Sub-Fund is appropriate for investors who do not withdraw their money for eight years.
For more details about risks, please refer to general part of the Prospectus, sections entitled “General
Risk Considerations” and “Special Risk Considerations”.
� Such paragraph shall take effect as from 1 st October 2012.
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