Diversity and equality make the difference

A balanced gender ratio means success for companies - and investors' investments involve risks, including capital loss.

Legal notice: This document is promotional material and not an investment law compulsory document. This document and the information contained herein are intended solely for professional clients who receive the document directly from AXA Investment Managers Deutschland GmbH or its affiliates ("AXA IN DE") and may not do so without the prior written consent of AXA IM DE in whole or in part. The information, data, numbers, opinions, statements, analyzes, forecasting and simulation representations, concepts and other information provided in this document by AXA IM DE are based on our state of knowledge and expertise at the time of preparation. The information given may be changed at any time without notice and be subjective as a result of simplified representations. A liability or guarantee for the topicality, correctness and completeness of the information provided is not assumed by AXA IN DE. Please read the information contained in the relevant Sales Prospectus including the General and Special Investment Conditions or the Articles of Association of the Fund on whose exclusive basis a purchase of units is made. Any purchase or sale of Shares on the basis of any information or statement not contained in this Prospectus is at the sole risk of the Buyer. The prospectuses in German, the key investor information (KIID "Key Investor Information Document" in paper form in German) as well as the annual and semi-annual reports are available on request from AXA Investment Managers Deutschland GmbH • Bleichstrasse 2-4 • 60313 Frankfurt / Main or our sales partners as well as under www.axa-im.de. Investors in Austria receive these documents from the Information and Paying Agent UNICredit Bank Austria AG, Schottengasse 6-8, 1010 Vienna, Austria, as well as at www.axa-im.at. The value and yield of an investment in funds may rise and fall and are not guaranteed. In addition, commissions and costs are detrimental to the performance of a Fund. The information contained in this document does not constitute an offer or solicitation of an offer to buy fund units. The information in this document is not an advice, investment advice, (regulatory) legal or tax advice provided by AXA IM DE but is provided for informational purposes only posed. No investment or other decisions may be made on the sole basis of this document. Prior to each transaction, detailed investment advice geared to individual client needs should be made, taking into account tax issues and all relevant risks. As part of this consultation you will be informed, among other things, about the costs and fees associated with the acquisition of a fund. It should be noted that AXA Investment Managers Deutschland GmbH and / or its affiliates may accept and / or grant payments (commissions, fees or other cash benefits and any pecuniary benefits) in connection with the provision of investment services. Only for professional clients / not for private / small investors / no use in the context of investment services. As of: 06.12.2018