AXA Court Terme A/  FR0000288946  /

The objective of the Fund is to outperform, after deduction of actual management fees, the compounded €STR, over a recommended investment period of one month, while incorporating a socially responsible investment approach that meets environmental, social and governance (ESG) responsible criteria. Readers should note that in the case of very low interest rates on the money market, the returns generated by the Fund may not be sufficient to cover the management fees and could decline structurally. The Fund is actively managed to capture opportunities in the bond and credit markets. After macroeconomic and microeconomic analyses, investment decisions are taken on the basis of: - yield curve positioning (the yield curve illustrates the relationship between the investment period and the bond yields) - selection of securities according to their residual term to maturity and the liquidity of the Fund - sector allocation - selection of the issuer. When implementing the strategy: - risk exposure is limited to interest rate fluctuations, equated to interest rate sensitivity. The weighted average maturity of assets is 60 days or less; - credit and liquidity risk are limited. The term to maturity of assets will not exceed 397 days. In addition, the weighted average term to maturity of assets in the portfolio may not exceed 120 days. The portfolio will be invested on a discretionary basis, on the conditions set out in regulatory documents, without any specific additional restrictions in terms of investment universe compared with any market index. The volatility of the Fund and the benchmark or any other index should not differ significantly.

The objective of the Fund is to outperform, after deduction of actual management fees, the compounded €STR, over a recommended investment period of one month, while incorporating a socially responsible investment approach that meets environmental, social and governance (ESG) responsible criteria. Readers should note that in the case of very low interest rates on the money market, the returns generated by the Fund may not be sufficient to cover the management fees and could decline structurally.