AXA WF-ACT US Hi.Y.Bd.L.Carb.F USD/  LU2257474077  /

To seek high income in USD from an actively managed bond portfolio whose carbon footprint is at least 30% lower than that of the ICE BofA US High Yield Index (Benchmark). As a secondary extra-financial objective, the water intensity of the portfolio aims at being at least 30% lower than the Benchmark. The Sub-Fund is actively managed and references the Benchmark by seeking to achieve its extra-financial objectives. The investment manager has full discretion over the composition of the portfolio and may take exposure to companies, countries or sectors not included in the Benchmark, even though the Benchmark constituents are generally representative of the portfolio. The deviation from the Benchmark is likely to be significant. Specifically, the Sub-Fund invests at least 2/3 of net assets in Sub-investment Grade fixed income transferable debt securities denominated in USD-issued by US or non-US private or public companies, i.e. rated below BBB- by Standard & Poor's or equivalent ratings by Moody's or Fitch of, if unrated, judged equivalent to those levels. In addition, the Sub-Fund may invest up to 1/3 in investment grade transferable debt securities denominated in USD issued by US or non-US private or public companies.

To seek high income in USD from an actively managed bond portfolio whose carbon footprint is at least 30% lower than that of the ICE BofA US High Yield Index (Benchmark). As a secondary extra-financial objective, the water intensity of the portfolio aims at being at least 30% lower than the Benchmark.