AXA WF Global Inflation Bonds F CHF Hdg

Investment Objective The Sub-Fund's investment objective is to seek performance by investing mainly in inflation-linked bonds issued in OECD countries, over a medium term period. Investment Policy The Sub-Fund is actively managed in reference to the Bloomberg World Inflation-Linked Hedged EUR benchmark index (the "Benchmark") in order to capture opportunities in the inflation-linked 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:- positioning on the inflation-linked yield curve (the inflation-linked yield curve illustrates the relationship between the investment term and the inflationlinked bond yield)- management of duration for inflation-linked bonds (duration measures, in numbers of years, the portfolio's sensitivity to interest rate variations)- positioning according to inflation expectations- geographical allocationThe Sub-Fund invests:- at least two thirds of its total assets in inflation-linked bonds issued by OECD governments, corporations or public institutions - up to one third of its total assets in non inflation-linked debt securities and in money market instrumentsThe Sub-Fund may invest 100% of its total assets in sovereign debt securities. The Sub-Fund will invest

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No