AXA ACT Carbon Transition Global Short Duration Bond Fund Z Income GBP/  GB00BNVR6461  /

The aim of this Fund is to: (i) generate an income return combined with any capital growth (net of fees) over a period of three years or less, and (ii) keep its weighted average carbon intensity (WACI)[1] lower than the ACD's carbon emissions benchmark[2] (the Emissions Benchmark). The Emissions Benchmark is calculated initially as a 30% reduction of the WACI of the ICE BofA 1-5 Year Global Corporate Index (GVBC) as at 31st December 2021. Thereafter, the Emissions Benchmark will be calculated as a further 7% reduction of the WACI of the Emissions Benchmark per year, based on the WACI of the Emissions Benchmark from the previous year. The Fund invests at least 80% of its Net Asset Value in bonds (including index-linked bonds) with at least 70% of this investment being in bonds with shorter expected maturities (five years or less) and money market instruments, issued by governments and companies diversified globally (including emerging markets), with the aim of reducing the effect of fluctuations in interest rates and market volatility while generating an income return. The Fund may invest up to 25% of its Net Asset Value in 'subinvestment grade' bonds (meaning bonds with a rating of BB+ and below by Standard & Poor or equivalent rating by Moody's or Fitch). The ACD seeks to reduce the effect of credit risk through diversification and its analysis and selection of bonds and money market instruments.

The aim of this Fund is to: (i) generate an income return combined with any capital growth (net of fees) over a period of three years or less, and (ii) keep its weighted average carbon intensity (WACI)[1] lower than the ACD's carbon emissions benchmark[2] (the Emissions Benchmark). The Emissions Benchmark is calculated initially as a 30% reduction of the WACI of the ICE BofA 1-5 Year Global Corporate Index (GVBC) as at 31st December 2021. Thereafter, the Emissions Benchmark will be calculated as a further 7% reduction of the WACI of the Emissions Benchmark per year, based on the WACI of the Emissions Benchmark from the previous year.