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 MSCI Europe Equity PAB UCITS ETF EUR Accumulation AXA INVESTMENT MANAGERS PARIS S.A., part of the AXA IM Group ISIN IE000YASIPS3 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 and ESG reporting. Strategies that incorporate ESG criteria and those that The product is a share class of the Sub-fund "AXA IM MSCI Europe Equity PABincorporate sustainable development criteria may use ESG data that appear UCITS ETF" (the "fund") which is part of the ICAV "AXA IM ETF ICAV" (the “ICAV”). similar but which should be distinguished because their calculation method may Term be different. The ESG methodologies described herein may evolve over time to This product has no maturity date, and could be liquidated under the conditionstake into account, among other things, any improvements in data availability led down in the instrument of incorporation of the ICAV. and reliability, or any developments of regulations or other external frameworks Objectives or initiatives. Investment Objective To seek to provide investors with the performance of the MSCI Europe Climate The fund may invest up to 10% of its net assets in Money Market Instruments Paris Aligned Index (the Index), less the fees and expenses of the fund, while (which for this fund are commercial paper, bonds, bills, deposits, certificates of aiming to minimise the tracking error in between the fund's Net Asset Value anddeposit and cash in accordance with the investment restrictions applicable to the Index. the fund) to be held as ancillary liquid assets. Investment PolicyThe fund may use the following financial derivative instruments: futures on The fund is passively managed and will apply a physical replication. The fund willindexes and foreign exchange contracts (including swap, spot and forward seek to achieve its investment objective by investing in large and mid-contracts) for efficient portfolio management and hedging purposes only. capitalisation equity securities listed or traded on European Regulated Markets that as far as possible and practicable consist of the constituent securities of theThe fund may engage in securities lending up to 80% of the fund's net assets, Index. The fund may also hold warrants, as a result of corporate actions only, andhowever the amount subject to securities lending arrangements is not generally rights which may not be part of the Index. The fund intends to replicate theexpected to exceed 0 – 30% of the fund's net assets. The fund will not enter total constituents of the Index by holding all the securities comprising the Index inreturn swaps or instruments with similar characteristics neither borrowing of generally the same proportions as they are held in the Index. The fund's holdingsecurities nor repurchase/reverse agreements. proportions may not correspond to the exact holding proportions of the Index at any time. In order to replicate the Index, the fund may invest up to 20% of its netAs of the date of this KIID, the anticipated tracking error of the fund is expected to assets in shares issued by the same body. This limit may be raised to 35% for abe up to 1% in normal market conditions. The various tracking error and tracking single issuer in exceptional market conditions (i.e. where an issuer represents andifference related factors are described in the prospectus. Divergences between unusually large portion of the market represented by the Index). The fund maythe anticipated and realised tracking error will be explained in the ICAV's annual continue to hold securities which cease to be constituent securities of the Indexreturn. until such time it is possible and practicable in the Investment Manager's view to liquidate the position in the best interest of Shareholders. MSCI's websiteThe fund is a financial product that promotes environmental and/or social (www.msci.com) contains more detailed information about the MSCI Indexes.characteristics within the meaning of article 8 of the Regulation (EU) 2019/2088 of27 November 2019 on sustainability-related disclosures in the financial sector. The fund promotes environmental characteristics by tracking the Index. TheIncome Index is based on the MSCI Europe Index (the “Parent Index”) and includes largeFor Accumulation share classes (Acc), the dividend is reinvested. and mid-capitalisation equity securities across developed markets in Europe. The Index is designed to reduce the exposure to transition and physical climateInvestment Horizon risks, to pursue opportunities arising from the transition to a lower-carbon The risk and the reward of the product may vary depending on the expected economy while aligning with the Paris Agreement requirements. The Indexholding period. We recommend holding this product at least for 5 years. incorporates the Task Force on Climate-related Financial Disclosures (“TCFD”) Processing of subscription and redemption orders recommendations (which are complementary to the EU Paris-aligned The investor can buy or sell shares of the fund on a daily basis, as further defined benchmark requirements) and intends to exceed the minimum standards of the in the prospectus. Only Authorised participants can deal directly with the fund. EU Paris-aligned benchmark requirements. The Index qualifies as an EU Paris- Intended retail Investor aligned Benchmark under Chapter 3a of Title III of Regulation (EU) 2016/1011 toThe fund is designed for retail investors who have neither financial expertise nor progressively align with the objectives of the Paris Agreement.any specific knowledge to understand the fund but may bear total capital loss. Itis suited for clients who seek growth of capital and an ESG overlay. Potential The ESG data used by the Index are based on ESG methodologies which rely oninvestors should have an investment horizon of at least 5 years. third party data. They are subjective and may change over time. Despite severalDepositary initiatives, the lack of a harmonised definition of “sustainable investments” may STATE STREET CUSTODIAL SERVICES (IRELAND) LIMITED result in ESG metrics applied and ESG scores assigned to the same company by Further Information different data providers varying widely. As such, the investment strategy may be Please refer to the 'Other relevant information' section below. difficult to compare with other investment strategies that also use ESG criteria What are the risks and what could I get in return? Risk Indicator We have classified this product as 4 out of 7 which is the a medium risk class. Thisrates the potential losses from future performance at a medium level. The riskcategory associated to this product was determined based on past observations, 1 2 3 4 5 6 7 it is not guaranteed and can evolve in the future.Be aware of currency risk. You will receive payments in a different currency, so Lower risk Higher risk the final return you will get depend on the exchange rate between the twocurrencies. This risk is not considered in the indicator shown above.Other risks not included in the Summary risk indicator can be materially relevant, The risk indicator assumes you keep the product for 5 years. such as concentration risk due to the Paris-aligned strategy. For furtherinformation, please refer to the prospectus. ! 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 compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. 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 investment What you might get back after costs€3 300 €3 290 Stress Average return each year -67.00% -19.94% What you might get back after costs€8 590 €9 580 Unfavourable Average return each year -14.10% -0.85% What you might get back after costs€10 560 €14 080 Moderate Average return each year 5.60%7.08% What you might get back after costs€14 050 €16 670 Favourable Average return each year 40.50% 10.76% 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 03 2015 and 03 2020. performance. Moderate Scenario : This type of scenario occurred for an investment between 02 2016 and 02 2021. 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. - EUR 10 000 is invested If you exit after 1 yearIf you exit after 5 years Total costs€20 €141 Annual cost impact (*) 0.2%0.2% 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 7.30 % before costs and 7.08 % 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 other0.14% of the value of your investment per year. This percentage is based on actual costs over €14 administrative or operating coststhe last year. 0.06 % 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€6 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.