AXA IM All Country Asia Pacific Ex-Japan Small Cap Equity QI A Accumulation USD/  IE0008367009  /

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 4% including all fees/expenses above the annual return of the MSCI AC Asia Pacific ex-Japan Small Cap Index on a rolling three year basis. The MSCI AC Asia Pacific ex-Japan Small Cap Index is designed to measure the performance of shares of smaller companies listed on the main stock exchanges of developed and emerging market countries in the Asia Pacific region (excluding Japan). The Sub-Fund is actively managed. The Sub-Fund invests primarily in shares of smaller companies listed on the main stock exchanges of developed and emerging market countries in the Asia Pacific region (excluding Japan). It is intended that the Sub-Fund will be substantially fully invested in shares. 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 returnto-risk trade off to meet the Fund's investment objective.

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 4% including all fees/expenses above the annual return of the MSCI AC Asia Pacific ex-Japan Small Cap Index on a rolling three year basis. The MSCI AC Asia Pacific ex-Japan Small Cap Index is designed to measure the performance of shares of smaller companies listed on the main stock exchanges of developed and emerging market countries in the Asia Pacific region (excluding Japan).