Overview:
AXA WF Responsible Development Bonds invests in transferable debt securities that raise money for projects aimed at long-term sustainable and economic development.

Description:
AXA WF Responsible Development Bonds invests in diversified international bonds and debt instruments with a focus in sustainable development and solidarity. The fund seeks investments with a three-year growth outlook, and invests primarily in debt securities issued by governments and supra-national organizations. The fund also invests up to 10 percent of its net assets in senior tranches of FCC (“fonds communs de creance”) when the aim will be to support sustainable and economic development projects, and up to 10 percent of its assets in debt securities issued by micro-banks. AXA WF Responsible Development Bonds is a sub-fund of AXA World Funds (AWF).

Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/awf

Organization’s Website:
http://www.axa-im.com/index.cfm?pagepath=fundprofile&productShareID=2935…

Just the Facts:
Country of Incorporation: Luxembourg
Legal Status: Mutual Fund
Year Founded: 2002
Fund Assets (as of day/month/year): EUR 9.7 million (as of 29/December/2008)?
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): AXA World Funds
Currency: EUR
Instrument Type: Loans and Debt Securities
Investment Horizon: 3 years
Fund Manager: AXA Investment Manager Paris

Contact Information
AXA Funds Management S.A.
49, Avenue J.F. Kennedy
L-1855 Luxembourg

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Additional Resources
AXA World Fund Annual report
http://documents.axa-im.com/Product_Regulation/Luxembourg/Report/axa_awf…
Fund Prospectus Page
http://www.axa-im.com/index.cfm?pagepath=fundprofile&productShareID=2935…

Authored by Kenny Kline, Research Associate