Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product AXA IM ACT Biodiversity Equity UCITS ETF USD Accumulation AXA INVESTMENT MANAGERS PARIS S.A., part of the AXA IM Group ISIN IE000SBHVL31 Website: https://www.axa-im.fr Call +33 (0) 1 44 45 85 65 for more information Central Bank of Ireland is responsible for supervising AXA INVESTMENT MANAGERS PARIS S.A. in relation to this Key Information Document. This product is authorised in Ireland and in accordance with the UCITS Directive. Date of Production of the KID: 21/02/2025 What is this product? Type which is bindingly applied at all times, that consists of reducing the initial The product is a share class of the Sub-fund "AXA IM ACT Biodiversity Equity investment universe by at least 20% through the exclusion of issuers based in UCITS ETF" (the "fund") which is part of the ICAV "AXA IM ETF ICAV" (the “ICAV”). their contribution to SDGs 6, 12, 14 and 15. In addition, in the securities selection Term process, the Manager bindingly applies at all times AXA IM's Sectorial Exclusion This product has no maturity date, and could be liquidated under the conditionsand ESG Standards Policies with the exception of derivatives and underlying led down in the instrument of incorporation of the ICAV. eligible UCIs, as described in the documents available on the website: https:// Objectives www.axa-im.com/our-policies. The ESG analysis coverage rate within the Investment Objective portfolio is at least 90% of the net assets of the fund, excluding bonds and other The investment objective of the fund is to seek long-term capital growth from an debt securities issued by public issuers, cash and solidarity assets. actively managed portfolio comprising listed equity and equity-related securities, The ESG data used in the investment process are based on ESG methodologies including companies that are acting positively for biodiversity by reducing and/or which rely in part on third party data, and in some cases are internally developed. limiting the negative impact of human activities on biodiversity. They are subjective and may change over time. The lack of harmonizeddefinitions can make ESG criteria heterogeneous. As such, the investment Investment Policystrategy may be difficult to compare with other investment strategies that also The fund is actively managed and references MSCI AC World Total Return Netuse ESG criteria and ESG reporting. Strategies incorporating ESG criteria and (the “Performance Benchmark”) for comparative purposes only. The Managerthose incorporating sustainable development criteria may use data that appear has full discretion over the composition of the portfolio of the fund and can takesimilar but which should be distinguished because their calculation method may exposure to companies, countries or sectors not included in the Performancebe different. The Investment Manager's ESG methodologies described herein Benchmark. There are no restrictions on the extent to which the fund's portfoliomay evolve over time to take into account, among other things, any and performance may deviate from the ones of the Performance Benchmark.improvements in data availability and reliability, or any developments of The fund will seek to achieve its investment objectives by investing in a globalregulations or other external frameworks or initiatives. portfolio of listed equity and equity-related securities of companies of anyThe fund may also invest 10% in money market instruments and 10% of its net market capitalization and that will be listed or traded on global Regulatedassets in UCITS and/or UCIs. Markets. The fund may invest up to 10% in China A shares listed in the Shanghai-Derivatives may be used for efficient portfolio management, investment or Hong Kong Stock Connect and, in aggregate, may invest over 25% of its nethedging purposes. assets in equity and/or equity-related securities of companies in emergingThe fund is a financial product that promotes environmental and/or social markets. The fund aims to support the United Nations Sustainable Developmentcharacteristics within the meaning of article 8 of the Regulation (EU) 2019/2088 of Goals (“SDGs”) with a focus on Clean Water and Sanitation (SDG 6), Responsible27 November 2019 on sustainability-related disclosures in the financial sector. Consumption (SDG12), Life Below Water (SDG14) and Life on Land (SDG 15).Income The initial investment universe is the MSCI ACWI Investable Market Index (IMI) butFor Accumulation share classes (Acc), the dividend is reinvested. the fund is actively managed and there are no restrictions on the extent to which the fund's portfolio and/or performance may deviate from those of this initial Investment Horizon investment universe. To select securities from this initial investment universe, the The risk and the reward of the product may vary depending on the expected Manager uses a combination of qualitative and quantitative analysis to seekholding period. We recommend holding this product at least for 5 years. companies with attractive investment fundamentals and primarily focuses on Processing of subscription and redemption orders companies offering solutions to address biodiversity loss such as pollution on The investor can buy or sell shares of the fund on a daily basis, as further defined land and water, land degradation, fauna and flora protection, desertification and in the prospectus. Only Authorised participants can deal directly with the fund. overconsumption, which is determined by using external and internalIntended retail Investor SDGalignment data to measure company contributions to the targeted SDGs. InThe fund is designed for retail investors who have neither financial expertise nor addition, companies whose products and/or services provide solutions that any specific knowledge to understand the fund but may bear total capital loss. It support the preservation of biodiversity are identified using external and internalis suited for clients who seek growth of capital and an ESG overlay. Potential qualitative and quantitative inputs and leverages the Manager's impact investors should have an investment horizon of at least 5 years. assessment approach for listed assets. The fund also seeks to invest inDepositary companies across all sectors that support the targeted SDGs through the qualitySTATE STREET CUSTODIAL SERVICES (IRELAND) LIMITED of their operations while minimizing negative biodiversity externalities. The fund Further Information also adopts an environmental responsible investment 'selectivity' approach,Please refer to the 'Other relevant information' section below. What are the risks and what could I get in return? Risk IndicatorThe risk indicator assumes you keep the product for 5 years. 1 2 3 4 5 6 7 ! The actual risk can vary significantly if you cash in at an early stage and you may get back less.The summary risk indicator is a guide to the level of risk of this product Lower risk Higher risk compared to other products. It shows how likely it is that the product will losemoney because of movements in the markets or because we are not able to payyou. We have classified this product as 4 out of 7 which is the a medium risk class. This Other risks not included in the Summary risk indicator can be materially relevant, rates the potential losses from future performance at a medium level. The risk such as derivatives risk,model risk. For further information, please refer to the category associated to this product was determined based on past observations, prospectus. it is not guaranteed and can evolve in the future. This product does not include any protection from future market performance so Be aware of currency risk. You will receive payments in a different currency, so you could lose some or all of your investment. the final return you will get depend on the exchange rate between the two currencies. This risk is not considered in the indicator shown above. Performance Scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor . The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate and favourable scenarios shown are illustrations using the worst, average and best performance of the product and the suitable benchmark over the last 10 years. Markets could develop very differently in the future. Recommended holding period: 5 years Example Investment: $10 000 If you exit after 1 year If you exit after 5 years Scenarios Minimum There is no minimum guaranteed return. You could lose some or all of your investmentWhat you might get back after costs $3 070 $2 730 StressAverage return each year -69.30% -22.87%What you might get back after costs $7 940 $10 960 UnfavourableAverage return each year -20.60% 1.85%What you might get back after costs $11 040 $15 830 ModerateAverage return each year 10.40% 9.62%What you might get back after costs $15 340 $19 110 FavourableAverage return each year 53.40% 13.83% The stress scenario shows what you might get back in extreme marketFavourable Scenario : This type of scenario occurred for an investment between circumstances. 10 2016 and 10 2021. Unfavourable Scenario : This type of scenario occurred for an investment An appropriate benchmark of the product was used to calculate the between 12 2023 and 12 2024. performance. Moderate Scenario : This type of scenario occurred for an investment between 12 2019 and 12 2024. What happens if AXA INVESTMENT MANAGERS PARIS S.A. is unable to pay out? The product is constituted as a separate entity from AXA Investment Managers Paris S.A. In case of default of AXA Investment Managers Paris S.A., the assets of the product kept by the custodian will not be affected. In case of default of the custodian, the risk of financial loss of the product is mitigated because of the legal segregation of the assets of the custodian from those of the product. What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. Costs over Time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product does. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: - In the first year you would get back the amount that you invested (0 % annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. - USD 10 000 is invested If you exit after 1 year If you exit after 5 years Total costs $78$629 Annual cost impact (*) 0.8% 0.9% each year (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 10.48 % before costs and 9.62 % after costs. We may share part of the costs with the person selling you the product to cover the services they provide to you. They will inform you of the amount. Composition of Costs One-off costs upon entry or exitIf you exit after 1 year Entry costs 0% We do not charge entry costs on the secondary market.* $0 Exit costs 0% We do not charge exit costs on the secondary market.* $0 Ongoing costs taken each year Management fees and other0.50% of the value of your investment per year. This percentage is based on actual costs over $50 administrative or operating coststhe last year. 0.28 % of the value of your investment per year. This is an estimate of the costs incurred when Transaction costswe buy and sell the underlying investments for the product. The actual amount will vary$28 depending on how much we buy and sell. Incidental costs taken under specific conditions Performance fees (and carried There is no performance fee for this product. $0 interest) *Secondary market: No entry cost applies to investors who buy/sell shares of the fund on stock exchanges. These investors will pay/receive the market price, so they may pay more than the fund's net asset value at the time of their purchase or receive less than the fund's net asset value at the time of their sale. They may be subject to brokerage, trading and/or other fees charged by their intermediary (e.g. broker) and not charged by the fund nor its management company. Primary market: Authorised participants dealing directly with the fund pay the related transaction fees and subscription/redemption fees up to 3% may be applied. How long should I hold it and can I take money out early? Recommended holding period: 5 years This product has no minimum required holding period, the 5 years has been calculated to be in line with the time frame which the product may need in order to achieve its investment objectives. You may sell your investment before the end of the recommended holding period without penalty. The performance or risk of your investment may be negatively impacted. The section "What are the costs?" provides information on the impact of costs over time. Please refer to the "What is this product" section for the redemption procedure. How can I complain? For any complaint, please contact customer service at any time by email, specifying the subject of the message: client@axa-im.com By post to the following address: AXA Investment Managers Paris ( Client Service) Tour Majunga - 6, place de la Pyramide 92908 Paris - La Défense cedex - France. By phone: +33 (0) 1 44 45 85 65 If you have subscribed to one of our funds on the advice of an intermediary not belonging to the AXA Investment Managers Group, we recommend that you file your complaint directly with this institution. Other relevant information You can get further information about this product, including the prospectus, latest annual report, any subsequent half-yearly report and the latest Net Asset Value from the Fund Administrator: STATE STREET FUND SERVICES (IRELAND) LIMITED and from https://funds.axa-im.com/. They are available free of charge. For information about the performance of the product up to 10 years and previous performance scenario calculations, please visit : https://funds.axa-im.com/. When this product is used as part of a unit-linked contract, or similar contract, the additional information, such as the costs of the contract, which are not included in this document, in addition to the contact in case of claim and what happens in the event of failure of the insurance company, must be provided in the key information document of the contract issued by your insurer, broker or other insurance intermediary in accordance with their legal obligation.