AXA WORLD FUNDS A LUXEMBOURG INVESTMENT FUND ...

Appendix 8: AXA WORLD FUNDS – FRAMLINGTON EURO RELATIVE VALUE
Name of the Sub-Fund AXA WORLD FUNDS – FRAMLINGTON EURO RELATIVE VALUE
(Previously named AXA World Funds – Euro Value Equities)
Management Company AXA Funds Management S.A. (Luxembourg)
Investment Manager AXA Investment Managers Paris
Sub-delegation None
Promoted by AXA Investment Managers
Objectives and Investment Policy
Investment objective:
The objective of the Sub-Fund is to achieve long-term capital growth.
Typical investors would seek long-term capital growth measured in euro from an actively managed
portfolio of listed equity, equity related securities and derivatives instruments.
Investment policy:
The Investment Manager will seek to achieve the objectives of the Sub-Fund by investing in all cap
companies, principally in large and medium sized companies based in the Euro zone and not more than
10% of the assets of the Sub-Fund in companies not based in the Euro zone.
The Investment Manager will invest at all time at least 66% of the total assets of the Sub-Fund in equities
denominated in Euro.
The Sub-Fund may invest not more than one third of its assets in Money Market Instruments and up to
10% of its assets in convertible and straight bonds.
There is no formal restriction on the proportion of the Sub-Fund's assets that can be invested in and/or
exposed to any one particular market.
The Sub-Fund will invest not more than 10% of its net assets in units of UCITS and/or other UCIs � .
For efficient portfolio management purposes, this Sub-Fund may use derivative instruments within the
limits set forth in the section “Investment Restrictions”.
The Reference Currency of the Sub-Fund is EUR.
Risk Profile
This Sub-Fund is mainly invested in equity for which there is high risk of invested capital loss.
Special Risk Consideration
Liquidity risks linked to investments in small and micro capitalisation universe: Investing in the small and
micro capitalisation universe implies specific liquidity risk.
Investment Horizon
This Sub-Fund is appropriate for investors who do not withdraw their money for eight years.
For more details about risks, please refer to general part of the Prospectus, sections entitled “General
Risk Considerations” and “Special Risk Considerations”.
� Such paragraph shall take effect as from 1 st October 2012.
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