Global Small Cap Equity QI F Capitalisation USD

Investment Objective The Sub-Fund seeks both long-term growth of your investment, in USD, from an actively managed portfolio of listed equity and equity-related securities of innovative companies, and to apply an ESG approach. Investment Policy The Sub-Fund is actively managed in order to capture opportunities in worldwide equity markets, by mainly investing in equities of companies that are part of the S&P Global Small Cap Total Return Net benchmark index (“the Benchmark”) universe. As part of the investment process, the Investment Manager has broad discretion over the composition of the Sub-Fund's portfolio and can take, based on its investment convictions, large overweight or underweight positions on the countries, sectors or companies compared to the Benchmark's composition and/or take exposure to companies, countries or sectors not included in the Benchmark, even though the Benchmark constituents are generally representative of the Sub-Fund's portfolio. Thus, the deviation from the Benchmark is likely to be significant. The Sub-Fund invests essentially in small capitalisation companies. The Sub-Fund may invest not more than 10% of its net assets in Money Market Instruments, convertible bonds and exchange-traded funds (ETFs). Derivatives may be used for efficient portfolio management or hedging purposes. The Sub-Fund promotes environmental and/or social characteristics by investing in securities that have implemented good practices in terms of environmental impacts, governance and social (ESG) practices. Firstly, the Sub-Fund bindingly applies at all times AXA IM's Sectorial Exclusion and ESG Standards Policies (https://www.axa-im.com/our-policies) and a "Best-inuniverse" (type of ESG selection consisting of giving priority to the issuers in the investable universe best rated from a non-financial viewpoint, irrespective of their sector of activity, and accepting sector biases, because the sectors which are considered more virtuous on the whole will be more heavily represented) selectivity approach reducing the investable universe, by excluding issuers, based on a combination of AXA IM's Sectorial Exclusion and ESG Standards policies and the Governance scores, as described in the SFDR annex of the Sub-Fund. Secondly, the investment manager conducts an analysis of the companies' business model, management quality, growth prospects, quality of technical edge and innovation and risk/return profile. As an example, the ESG criteria may be carbon footprint for the environmental aspect, management of human resources and gender equality for the social aspect, or remuneration policy for the governance aspect. The ESG data used are based on methodologies relying in part on third party data and in some cases are internally developed, are subjective and may change over time. The lack of harmonised definitions can make ESG criteria heterogeneous. As such, the different strategies using ESG criteria and ESG reporting are difficult to compare with each other. Strategies incorporating ESG criteria and those incorporating sustainable development criteria may use data that appear similar but which should be distinguished because their calculation method may be different. AXA IM's ESG different methodologies described herein may evolve in the future to take into account any improvements in data availability and reliability, or any developments of regulations or other external frameworks or initiatives -among others. The Sub-Fund is a financial product that promotes environmental and/or social characteristics within the meaning of article 8 of the Regulation (EU) 2019/2088 of 27 November 2019 on sustainability-related disclosures in the financial sector. Income For Capitalisation share classes (Cap), the dividend is reinvested. Sub-Fund Currency The reference currency of the Sub-Fund is USD. Investment Horizon This Sub-Fund may not be suitable for investors who plan to withdraw their contribution within 5 years. Processing of subscription and redemption orders The subscription, conversion or redemption orders must be received by the Registrar and Transfer Agent on any Valuation Day no later than 3 p.m. Luxembourg time. Orders will be processed at the Net Asset Value applicable to such Valuation Day. The investor's attention is drawn to the existence of potential additional processing time due to the possible involvement of intermediaries such as Financial Advisers or distributors. The Net Asset Value of this Sub-Fund is calculated on a daily basis.