AXA WF Euro Government Bonds I-C
The fund’s objective is to achieve a mix of income and capital growth by investing in fixed and floating rate securities. Typical investors would seek a mix of income and capital growth measured in euro.
The Sub-Fund will essentially invest in government bonds denominated in Euro issued or guaranteed by European countries (including non European Monetary Union countries) within the investment grade category on purchase.
On an ancillary basis the Sub-Fund can invest in agencies, supranational and covered bonds denominated in Euro within the same notation criteria. At the time of the purchase, these securities will be rated investment grade, taking into account that in case of downgrade of securities in portfolio, the Sub-Fund may hold sub-investment grade securities only on an ancillary basis (i.e., rated lower than BBB- by Standard & Poor’s or lower than Baa3 by Moody’s or, if unrated, then deemed to be so by the Investment Manager).