AXA WF Global Short Duration Bonds I $ H

Investment Objective To seek to generate income, in EUR, through dynamic exposure to the global short duration fixed income universe. Investment Policy The Sub-Fund is actively managed without reference to any benchmark.The Investment Manager will seek to achieve the objective of the Sub-Fund by investing in a diversified portfolio of short duration transferable securities (rated investment grade or non-investment grade) including inflation-linked bonds, issued by governments, corporations or institutions located anywhere in the world, including emerging markets countries, denominated in hard currency (globally traded major currencies) and money market instruments.The total assets of the Sub-Fund may be invested in callable bonds.The Sub-Fund may invest up to 60% of its net assets in non-investment grade debt securities (i.e., rated lower than BBB- by Standard & Poor's or Fitch or lower than Baa3 by Moody's or, if unrated, then deemed to be so by the Investment Manager). However, at all times, the Sub-Fund will have an average investment grade rating.The Sub-Fund may also invest up to 25% of net assets in subordinated debts issued by banks, insurance companies and non-financial corporates.The Sub-Fund may, up to 10%, hold distressed and defaulted securities as a result of their rating downgrade, if they are considered to be consistent with the Sub-Fund's objective. These securities are expected to be sold within 6 months unless specific events prevent the Investment Manager from sourcing their liquidity. The Sub-Fund may invest up to 10% of its net assets in assets issued by securitization vehicles or equivalent (such as assets backed securities (ABS), Collateralized Debt Obligations (CDO), Collateralized Loan Obligations (CLO) or any similar assets).The Sub-Fund may invest its net assets in 144A securities, in a substantial way depending on the opportunity.The asset allocation of the Sub-Fund will be driven by the AXA Fixed Income global investment process in order

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No