AXA WF Euro Long Duration Bonds A Distribution EUR/  LU0251661244  /

The Sub-Fund's investment objective is to seek performance by investing mainly in governments and corporate debt securities in Euros, over a medium term period. The Sub-Fund will be managed with an interest rate sensitivity between 9 and 18. The Sub-Fund is actively managed in reference to the FTSE EMEA Euro Broad Investment Grade Bonds 10+ Yrs EUR benchmark index (the "Benchmark") in order to capture opportunities in the Euro corporate and government bonds market. The Sub-Fund invests at minimum one third of its net assets in the components of the Benchmark. Depending on its investment convictions and after comprehensive macroeconomic and microeconomic analysis of the market, the Investment Manager can take more active positioning in terms of duration (duration measures in numbers of years, the portfolio's sensitivity to interest rate variations), geographical allocation and/or sector or issuer selection compared to the Benchmark. Thus, the deviation from the Benchmark is expected to be significant. However, in certain market conditions (high credit market volatility, turmoil…), the Sub-Fund's positioning on the above indicators may be close to the Benchmark. The Sub-Fund invests permanently at least two thirds of its total assets in investment grade or sub-investment grade governments and corporate transferable debt securities denominated in Euro. The Sub-Fund will mainly invest in investment grade transferable debt securities issued by corporate and government institutions.

The Sub-Fund's investment objective is to seek performance by investing mainly in governments and corporate debt securities in Euros, over a medium term period. The Sub-Fund will be managed with an interest rate sensitivity between 9 and 18.