AXA IM US Equity QI M (US$)

The aim of the Sub-Fund is to provide long-term capital growth with a total annual return on investment (generated through an increase in the value of the shares held by the Sub-Fund and/or income received from those shares) of approximately 2% gross of all fees/expenses above the annual return that of the S&P 500 index on a rolling three year basis. The S&P 500 index is designed to measure the performance of the shares of the 500 largest US listed companies. Investment Policy The Sub-Fund is actively managed. This Sub-Fund will primarily (meaning not less than 75% of its Net Asset Value) invest in equity securities traded principally on Regulated Markets that are issued by companies that have their registered office or carry out a predominant portion of their economic activity (meaning not less than 51%) in the US. The fund manager uses a proprietary systematic stock selection model to identify shares of companies that it believes to be attractive investment opportunities, relative to their industry peers, based on analysis of their valuation and earnings prospects. From these shares, the fund manager seeks to construct a well-diversified portfolio with the best expected return-to-risk trade off to meet the Fund's investment objective. When determining the best expected return-to-risk trade off, the fund manager will consider available ESG (environmental, social and governance) information – such as data on emissions, corporate behaviour and diversity alongside financial information. In constructing the Fund's portfolio, the fund manager references the index which means that, while the fund manager has discretion to select the investments for the fund, the fund's divergence from the index is controlled. The resulting portfolio of shares is expected to demonstrate similar levels of risk to that of the index, together with an improved ESG profile compared to the index. The fund manager's quantitative investment process continuously assesses and evaluates the shares in the Sub-Fund's portfolio in order to maintain the desired return-to-risk trade off to meet the Sub-Fund's investment objective. The fund manager may lend shares held by the Sub-Fund to third parties to generate additional income for the Sub-Fund. 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 Net income earned by the Sub-Fund is accumulated and reinvested on behalf of the Unitholders holding accumulation type unit classes. Sub-Fund Currency The reference currency of the Sub-Fund is USD. Investment Horizon This 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 Dealing (Business) Day no later than 1 p.m. Irish time. Orders will be processed at the Net Asset Value calculated for that Dealing Day. Please note that there may be additional processing time if your order is placed via intermediaries such as platforms, financial advisors or distributors. The Net Asset Value of this Sub-Fund is calculated on a daily basis. Minimum initial investment: USD 1,000,000 Minimum subsequent investment: USD 1,000,000