AXA ACT GREEN SHORT DURATION BOND Z

The aim of this Fund is: (i) to provide income and capital growth over the medium term (being three years); and (ii) to invest in bonds which finance projects which will generate an environmental benefit, known as “green bonds”. The Fund seeks to achieve its objective by investing at least 75% of its Net Asset Value in “green bonds” issued by governments and companies anywhere in the world, with a bias towards corporate bonds. Investments will be made largely in more developed markets but may also be made in emerging markets. The Fund invests at least 75% of its Net Asset Value in investment grade bonds, with a maximum of 10% in sub-investment grade bonds. At least 70% of the Fund’s Net Asset Value will be invested in bonds of shorter (i) maturities and (ii) duration, the price sensitivity of a bond (or a portfolio of bonds) to a change in interest rates, with the aim of reducing the effect of fluctuations in interest rates.