AXA WF US Credit Sh Duration IG A EUR Hdg

Investment Objective The Sub-Fund's investment objective is to seek performance by investing in investment grade corporate debt securities in USD over a medium term period. Investment Policy The Sub-Fund is actively managed without reference to any benchmark in order to capture opportunities in the US investment grade corporate bonds market.The following investment decisions are undertaken after comprehensive macroeconomic and microeconomic analysis of the market: - sector allocation- duration positioning (duration measures, in number of years, the portfolio's sensitivity to interest rate variations)- yield curve positioning (the yield curve illustrates the relationship between investment term and bond yield)- issuer selection- instrument selectionThe Sub-Fund invests mainly in short duration transferable debt securities rated investment grade, issued by corporations and denominated in USD. The remaining part of the assets may be invested in transferable debt securities other than short duration.The Sub-Fund will be managed with an interest rate duration ranging from 0 to 4. The duration is an indicator measuring the impact of a variation of 1% of the market interest rates on the value of the Sub-Fund.The Sub-Fund may invest up to 15% of its net assets in (i) mortgage and asset backed securities rated investment grade, transferable debt securities issued by governments or public institutions and/or bonds denominated in non-USD currency and (ii) short duration transferable debt securities rated sub-investment grade, issued by governments, corporations or public institutions and denominated in USD.Investment grade securities will be rated at least BBB- by Standard & Poor's or equivalent rating by Moody's or Fitch or if unrated then deemed to be so by the Investment Manager.Sub-investment grade securities will be rated between BB+ and B- by Standard & Poor's or equivalent rating by Moody's or Fitch or if unrated then deemed to be so by the Investment Manager. In case o

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No