AXA WF Euro Bonds E

Investment Objective The Sub-Fund seeks to achieve a mix of income and capital growth by investing in investment grade corporate and government debt securities in Euros, over a medium term period, and to apply an ESG approach. Investment Policy The Sub-Fund is actively managed in reference to the FTSE EMEA Euro Broad Investment Grade Bonds benchmark index (the "Benchmark") in order to capture opportunities in the Euro corporate and government bonds market. The Sub-Fund invests at minimum one third of its net assets in the components of the Benchmark. Depending on its investment convictions and after comprehensive macroeconomic and microeconomic analysis of the market, the Investment Manager can take more active positioning in terms of duration (duration measures in numbers of years, the portfolio's sensitivity to interest rate variations), geographical allocation and/or sector or issuer selection compared to the Benchmark. Thus, the deviation from the Benchmark is expected to be significant. However, in certain market conditions (high credit market volatility, turmoil...), the Sub-Fund's positioning on the above indicators may be close to the Benchmark.The following investment decisions are undertaken after comprehensive macroeconomic and microeconomic analysis of the market:- sector allocation- geographical allocation- credit curve positioning (the credit curve illustrates the relationship between investment term and credit yield)- issuer selection- instrument selectionThe Sub-Fund invests permanently at least two thirds of its total assets in investment grade or sub-investment grade governments and corporate transferable debt securities denominated in Euro.The Sub-Fund will mainly invest in investment-grade transferable debt securities issued by corporate and government entities.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-inve

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No