AXA WF US High Yield Bonds I CHF Hdg

Investment Objective The Sub-Fund investment objective is to seek high income and capital growth by investing in US high yield debt securities over a long term period. Investment Policy The Sub-Fund is actively managed in order to capture opportunities in the US high yield debt market, primarily investing in securities that are part of the ICE BofA US High Yield Master II benchmark index (the "Benchmark") universe. As part of the investment process, the Investment Manager has broad discretion over the composition of the Sub-Fund's portfolio and can take, based on its investment convictions, exposure to companies, countries or sectors not included in the Benchmark or take different positioning in terms of duration, geographical allocation and/or sector or issuer selection compared to the Benchmark, even though the Benchmark constituents are generally representative of the Sub-Fund's portfolio. Thus, the deviation from the Benchmark is likely to be significant.The following investment decisions are undertaken after comprehensive macroeconomic and microeconomic analysis of the market:- issuer selection - sector allocation- credit curve positioning (the credit curve illustrates the relationship between the investment term and the credit yield)The Sub-Fund invests:- permanently two thirds of its total assets in high yield fixed or floating rates bonds issued by public or private companies domiciled in US. Such high return bonds have a rating lower than BBB- according to Standard & Poor's or equivalent rating (Moody's or other rating agency) or are not rated- not more than one third of its assets in securities domiciled in Canada or European markets or in sovereign debt securities or in money market instruments- not more than 10% of its assets in convertible securities (including contingent convertible bonds (CoCos)) and not more than one tenth of its assets in equities or equity related securities. The Sub-Fund may invest in or be exposed to 144A securities, in a substan

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No