AXA Carbon Transition Sterling Buy and Maintain Credit Fund Z Gross Income 

The aim of this Fund is to: (i) generate an income and capital return (net of fees) over the long term (being a period of five years or more) in line with the sterling-denominated investment grade corporate bond market, as represented by the ICE BofAML Sterling NonGilt Index (the Index); and (ii) keep its weighted average carbon intensity (WACI) lower than the ACD’s carbon emissions benchmark (the Emissions Benchmark), while maintaining a low turnover of bonds held by the Fund. The Fund seeks to achieve its investment objective by investing at least 70% of its Net Asset Value in sterling-denominated investment grade corporate bonds.