Product Key Facts APRIL 2021 AXA Unit Trust – Asia Multi-Factor Advantage Fund (the “Fund”)
Issuer: AXA Investment Managers Asia Limited
▪ This statement provides you with key information about the Fund. ▪ This statement is a part of the offering document of the Fund ▪ You should not invest in this Fund based on this statement alone.
Quick Facts
Manager: AXA Investment Managers Asia Limited Sub-Investment Manager AXA Investment Managers Asia (Singapore) Ltd. (in Singapore, internal delegation) Trustee: Cititrust Limited Ongoing charges over a year*: 1.42% Dealing frequency Daily (every Hong Kong Business Day) Base currency: USD Dividend policy: No dividends will be declared or distributed Financial year end of the Fund: 31 December Minimum investment: USD1,000 (or equivalent in other currencies) initial Minimum subsequent subscription: No minimum subsequent subscription amount * The ongoing charges figure is based on expenses for 12 months ended 31 December 2020 chargeable to the Fund expressed as a percentage of its average net asset value over a 12-month period ended 31 December 2020. This figure may vary from year to year.
What is this product?
The Fund is a unit trust constituted in Hong Kong. It is authorised by the Securities and Futures of Commission of Hong Kong (“SFC”). SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
Objectives and Investment Strategy Objectives To seek long-term capital growth by investing primarily in The Fund can employ advanced data analytics such as machine securities of companies in the Pacific region, in particular Asia. learnings, big data and artificial intelligence. The resulting portfolio may then be optimized to maximize expected return Strategy relative to risk and will incorporate various proprietary ESG (environmental, social and governance) factors in order to The Fund invests at least 70% of its total net asset value in equity achieve the fund’s objective. More information on the Manager’s securities of companies which are principally listed, domiciled or and its Sub-Investment Manager’s approach to ESG integration which have substantial business in the Pacific region, in can be found on http://www.axa-im.com.hk. This website has particular Asia. The Manager retains the flexibility to exploit the not been reviewed by the SFC. opportunities which arise from different movements between one stock market and another. There is no formal restriction on The Fund may not invest 30% or more of the Fund’s net asset the proportion of the assets that can be invested in any one value in China A-shares through Stock Connect. market or currency.
Use of derivatives
The Fund will not use derivatives for any purposes.
Product Key Facts APRIL 2021 AXA Unit Trust – Asia Multi-Factor Advantage Fund
What are the key risks? Investment involves risks. Please refer to the offering document ▪ Political, Social and Economic Risks: for details including the risk factors. ▪ The Fund’s assets may be adversely affected by the general environment in the Pacific region (in ▪ Regional Concentration Risks: particular Asia), e.g. political, economic, social and ▪ The Fund which invests primarily in Pacific region (in religious instability; inadequate investor protection; particular Asian) companies may be more volatile changes in laws or regulations; international relations; than a broad-based fund (such as a global equity fund) natural disasters; corruption and military activity. as it is more susceptible to adverse economic, ▪ Countries in the Pacific region (in particular Asia) may political, policy, foreign exchange, liquidity, tax, legal also have different accounting standards, less or regulatory event affecting the region. corporate disclosure requirements, and generally less governmental regulation of stock exchanges, brokers ▪ Foreign Currency Risk: and issuers than in more developed countries. ▪ The Fund will have exposure to fluctuations in currency Changes in the economies of the main trading exchange rates where it invests directly or indirectly in partners of developing and developed countries could securities denominated in currencies other than US negatively impact the growth prospects of different dollars. The markets in which foreign exchange countries and markets. These risk factors may not be transactions are effected are highly volatile, highly easy to anticipate. specialised and highly technical. Significant changes, including changes in liquidity and prices, can occur in ▪ Market Risk: such markets within very short period of time, often ▪ The market price of shares in the Pacific region (in within minutes. Foreign exchange trading risks particular Asia) owned by the Fund may go up or down, include, but are not limited to, exchange rate risk, sometimes rapidly or unpredictably. Such shares may interest rate risk and potential interference by foreign decline in value due to factors affecting equities governments through regulation of local exchange markets generally in the Pacific region (in particular markets, foreign investment, or particular Asia) or particular industries represented in such transactions in foreign currency. equities markets. During a general downturn in the equities markets, multiple asset classes may decline ▪ Emerging Market Risk: in value simultaneously, as well as the value of the ▪ The Fund invests in emerging markets. Therefore, Fund’s investments. some of the securities held in the Fund may involve a greater degree of risk than generally associated with similar investments in major securities markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.
How has the fund performed?
▪ Past performance information is not indicative of future performance. Investors may not get back the full amount invested. ▪ The computation basis of the performance is based on the calendar year end, NAV-to-NAV. ▪ These figures show by how much the fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD including ongoing charges and excluding subscription fee and redemption fee you might have to pay. ▪ Fund launch date: 1987
Is there any guarantee? Like most funds, the Fund does not have any guarantees. You may not get back the full amount of money you invested.
What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the units of the Fund.
Product Key Facts APRIL 2021 AXA Unit Trust – Asia Multi-Factor Advantage Fund
Fee What you pay
Subscription fee (Initial charge) Up to 5% of the gross subscription amount
Switching fee N/A
Redemption fee N/A
Ongoing fees payable by the Fund The following expenses will be paid out of the assets of the Fund. They affect you because they reduce the return you get on your investments.
Fee Annual rate (as a % p.a. of the NAV)
Management fee 1.25%, with three months’ notice to the Trustee and unitholders of any increase up to a maximum fee of 1.5%
Trustee fee Payable on a monthly basis on a sliding scale below:- • 0.02% for NAV up to USD200,000,000 • 0.01% for NAV of more than USD200,000,000
Custodian fee Included in the Trustee fee
Registrar fee A transaction-based fee, subject to a minimum of USD24,000 per annum
Performance fee N/A
Administration fee Included in the Trustee fee
Other fees You may have to pay other fees when dealing in the units of the Fund.
Additional Information
You generally subscribe for and redeem units at the Fund’s Dealing Day (or, the first Dealing Day thereafter for applications received after 3pm on a Dealing Day or on days other than on a Dealing Day). Distributors of the Fund may impose an earlier dealing cut-off time.
Redemption proceeds will normally be sent to unitholders within 7 days after the Dealing Day on which the redemption takes effect or, if later, the date of receipt of the certificate.
The Net Asset Value per unit of the Fund is calculated and the price per unit is published each Hong Kong Business Day on the website www.axa-im.com.hk*. *This website has not been reviewed by the SFC.
Investors may obtain information on the intermediaries from the Manager at +852 2285 2000.
Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.