AXA WF II US Equities I $

Investment Objective The Master fund seeks to achieve long-term growth measured in USD from an actively managed listed equity, equity-related securities and derivatives portfolio. Investment Policy The AXA WORLD FUNDS II - US Equities (herein after "the Sub-Fund" or "the Feeder fund") is a feeder fund to the AXA WORLD FUNDS - US Growth (herein after "the Master fund"). In this regard, the Sub-Fund permanently invests at least 85% of its assets in the Master fund. The Sub-Fund may in addition hold up to 15% of its assets in ancillary liquid assets. The Master fund is actively managed in order to capture opportunities in North American equities market, by investing at least one third of its net assets in equities of companies that are part of the S&P 500 Total Return Net benchmark index (the "Benchmark") universe. As part of the investment process, the Investment Manager has broad discretion over the composition of the Master fund's portfolio and can take, based on its investment convictions, large overweight or underweight positions on the sectors or companies compared to the Benchmark's composition and/or take exposure to companies, countries or sectors not included in the Benchmark, even though the Benchmark constituents are generally representative of the Master fund's portfolio. Thus, the deviation from the Benchmark is likely to be significant. The Master fund invests: - at least two thirds of its net assets in equities and equity-related instruments issued by companies which are domiciled or operating predominantly within the US. - up to 10 % its net assets in bonds, including convertible bonds and Sub Investment Grade and/or unrated sovereign debt securities issued or guaranteed by any single country and up to one third in money market instruments. Derivatives may be used for efficient portfolio management or hedging purposes. The Investment Manager of the Master fund uses a strategy that combines macroeconomic, sector and company specific analysis. The securi

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No