AXA GLOBAL SHORT DURATION BOND Z

The aim of this Fund is to generate an income return combined with any capital growth over a period of three years or less. The Fund invests at least 80% of its Net Asset Value in bonds (including index-linked bonds) with a bias towards shorter maturities (less than five years) 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 60% of its Net Asset Value in ‘sub-investment grade’ bonds.