AXA IM FIIS US High Yield B/BB I Capitalisation USD/  LU2667126770  /

The investment objective of the Sub-Fund is to seek high income and long-term growth, in USD, from an actively managed high yield bonds portfolio by principally investing in sub-investment grade securities. The Sub-Fund is actively managed in order to capture opportunities in the US sub-investment grade corporate bond market primarily investing in securities that are part of the benchmark ICE BofA US High Yield B BB Constrained Index (the "Benchmark"). 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 investment objective of the Sub-Fund is to seek high income and long-term growth, in USD, from an actively managed high yield bonds portfolio by principally investing in sub-investment grade securities.