AXA World Funds - Framlington Global Small Cap
Long-term capital growth by investing in small capitalisation companies worldwide
Framlington Global Small Cap, sub-fund of the AXA World Funds SICAV organized under the laws of Luxembourg, is actively managed in order to capture opportunities in worldwide equity markets. Investment decisions are based on a combination of macroeconomic, sector and company specific analysis.
Important information before you continue
Before you invest in AXA WF Framlington Global Small Cap A EUR, your are advised to read carefully the following documents:
These documents are available for free in your ING-branch or on this website. These documents are available in English, Dutch or French.
The fund AXA WF Framlington Global Small Cap A EUR is not an ING fund.
The share selection process relies on a rigorous analysis of the companies' business model, quality of management, growth prospects and overall risk return profile, driven by investment team.
The Sub-Fund invests essentially in small capitalisation companies.
The Sub-Fund may invest not more than 10% of its net assets in Money Market Instruments, convertible bonds and exchange-traded funds (ETFs).
Within a limit of 200% of the Sub-Fund's net assets, the investment strategy may be achieved by direct investments and/or through derivatives. Derivatives may also be used for hedging purposes.
Taken from the document Key Investor Information Document or KIID (PDF).
Historical records – Actuarial Yield - Capitalization share
Source: Morningstar Direct ™
Actuarial gain expressed on an annual basis in the currency of the relevant UCITS over 1 year, 3 years, 5 years, 10 years and since inception. It relates to end-of-month returns based on historical data. The returns shown are valid for the capitalised parts of the UCITS and take no account of entry fees and potential taxes. Past performance is no guarantee of future performance and can be misleading. The value of shares in the fund and income received from it can go down as well as up, and investors may not get back the full amount invested. All performance data shown is in Euro, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations.
Sub-Fund launch date
7 January 2013
Class Launch date
7 January 2013
The reference currency is the euro.
For an investor looking for:
- A portfolio of small caps
- A geographically diversified portfolio
The main risks for the Sub-Fund are :
- Market risk: Stocks and/or financial instruments are impacted by various factors. These include, but are not limited to, the development of the financial market, the economic development of issuers of stocks and/or financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country.
- Non-performance risk: the return realised during a specific period may be positive or negative, depending on the fund's investment strategy. The non-performance risk is strongly linked to the market risk.
- Capital risk: No guarantee is provided as to the recovery of your initial investment.
- Liquidity Risk: risk of low liquidity level in certain market conditions that might lead the Sub-Fund to face difficulties valuing, purchasing or selling all/part of its assets and resulting in potential impact on its net asset value.
- Counterparty Risk: risk of bankruptcy, insolvency, or payment or delivery failure of any of the Sub-Fund's counterparties, leading to a payment or delivery default. Geopolitical Risk: investments in securities issued or listed in different countries may imply the application of different standards and regulations. Investments may be affected by movements of foreign exchange rates, changes in laws or restrictions applicable to such investments, changes in exchange control regulations or price volatility.
The occurrence of any of these risks may have an impact on the net asset value of your portfolio
The net asset value is calculated in Belgium each bank working day. The net asset value is published every public banking business day in Belgium in the financial press, as well as on the BeAMA website (www.beama.be/en/nav). It is also available at the Management Company’s registered address and over the counter from your financial services provider.
A swing price may be applied. Swing pricing aims to reduce the dilution effect brought about when significant operations within a sub-fund compel its manager to buy or sell its underlying assets. These transactions give rise to transaction fees and taxes that have an effect on the fund’s value, as well as on all its investors. Where swing pricing is applied, the sub-fund’s net asset value is adjusted by a particular amount when the capital flow exceeds a certain threshold (the swing factor). This amount is designed to offset expected transaction fees resulting from the difference between incoming and outgoing capital. Swing pricing is only used on rare occasions, if at all.
Please refer to the prospectus d'AXA WF Framlington Global Small Cap A EUR (PDF) for additional information.
Entry charge (applicable by ING Belgium): 3%
Exit charge: 0%
Ongoing charges taken from the Sub-Fund over a year : 2,04 % of wich 1,75 % of management fees
Custody fee: 0%/ annum
For other charges that might be paid by the investor, we refer to the prospectus (PDF).
Stock exchange tax (applicable to redemptions only):
Capitalization share: 1.32% (max 4,000 euros)
Distribution share: none
Withholding tax on dividends:
Capitalization share: none
Distribution share: 30%
Withholding tax in case of redemption:
Sub-fund permitted to invest more than 10% of assets in debt securities: yes
Sub-fund actually more than 10% invested in debt securities: no
Withholding tax (30% depending on the investor’s particular tax situation): applicable
Tax treaty based on the current legislation
Dividends received from distributing shares are subject to the Belgian withholding tax of 30%. The Belgian withholding tax applicable to interests included in the repurchase price of accumulating and distributing shares investing more than 10% of their assets in any kind of debts amounts to 30%.
This tax system applies to Retail customers – private individuals resident in Belgium. Taxation depends on the individual situation of each customer and may change in the future.
Financial Service Belgium: AXA Bank Europe N.V., Vorstlaan 25 - 1170 Brussels