swiss smart

8/2/2019 Swiss Smart

1/40

PRODUCT KEY FACTSSTATEMENT

SwissSmart

This statement provides you with key information about this product.This statement is a part of the offering document.

You should not invest in this product based on this statement alone.There is aGlossarysection at the end of this Product Key Facts Statement.For those italic words, please refer to theGlossarysection for explanation.

June 2011

Quick acts

Name o insurance company:

AXA Wealth Management (HK) Limited

(the Company)

Single or regular premium:

Regular

Regular premium requency:

Monthly/Quarterly/Semi-annual/Annual

Minimum premium payment term:

8 Beneft Years

Policy currency:

USD

Minimum premium (per annum):

First regular premium: USD3,600

Subsequent regular premium (i applicable):

USD1,000

Maximum premium (per annum):

Subject to underwriting requirements

Governing law o policy:



2/40

SwissSmart

What is this product and how does it work?

SwissSmart is an investment-linked insurance plan. It is a lie insurance policy issued by the Company. Thisis not a und authorised by the SFC pursuant to the Code on Unit Trusts and Mutual Funds (UT Code).

Your policy value will be calculated by the Company based on (i) the perormance o the reerence unds

which correspond to the investment options you selected rom time to time and (ii) the ongoing ees and

charges which will continue to be deducted rom your policy value.

Note, however, that all premiums you pay towards your SwissSmart policy, and any investment made by the

Company in the reerence unds which correspond to the investment options you selected, will become and

remain the assets o the Company. You do not have any rights or ownership over any o those assets. Yourrecourse is against the Company only.

Due to the various ees and charges levied by the Company on your SwissSmart policy, the return on your

SwissSmart policy as a whole may be lower than the return o the reerence unds which correspond to the

investment options you selected. Please see the section What are the ees and charges? as set out on

page 3 or details o ees and charges payable by you.

Reerence unds, which are linked to the investment options available or selection, are the unds listed in the

Investment Options Leafet. These may include unds authorised by the SFC pursuant to the UT Code, but may

also include other portolios internally managed by the Company on a discretionary basis not authorised by

the SFC under the UT Code.

Although your SwissSmart policy is a lie insurance policy, because the death beneit is linked to the

perormance o the reerence unds which correspond to the investment options you selected rom time to

time, the death benet is subject to investment risks and market fuctuations. The death benet payable

may be signicantly less than your premiums paid and may not be sucient or your individual needs.

More importantly, you should be aware o the ollowing regarding the death benet:


3/40

What are the key risks? (Cont)

Foreign exchange (Currency) risks The investment returns o your SwissSmart policy may besubject to oreign exchange risks as (i) the reerence und(s) may be denominated in a currency which is

dierent rom that o your policy; and (ii) the reerence und(s) may be invested in assets denominated in

currency(ies) which is dierent rom that o the reerence und(s). Movement in the exchange rates between

these currencies may aect the perormance o the investment option(s).

Premium holiday During premium holiday, premium payments o your SwissSmart policy are suspended

and the policy is still subject to applicable charges. Premiums or any supplementary riders will also

continue to be deducted rom the account value. This will thereore lead to a signicant reduction in the

account value and the death benet will be reduced accordingly. Premium holiday may lead to terminationo some supplementary riders, and may possibly lead to termination o your policy (including supplementary

riders) i the Total Encashment Value is insucient to pay the relevant policy charges o the policy and

premiums or supplementary riders. I your policy has taken a premium holiday, the premium payment term,

the operation charge period (as specied in the What are the ees and charges? section), encashment

charge period (as specied in the Quick acts section) and the period or calculating premium adjustment

charge will accordingly be extended or such period during which the premium holiday was in eect.

Partial encashment Partial encashment may be subject to an encashment charge and will lead to a

reduction in the account value, and accordingly the death benet will be reduced. Partial encashment maypossibly lead to termination o your policy (including supplementary riders) i the Total Encashment Value is

insucient to pay the relevant policy charges.

Is there any guarantee?

This product does not have any guarantee o the repayment o principal You may not get back the ull

SwissSmart


4/40

SwissSmart

What are the ees and charges? (Cont)

Scheme level

Rate Deduct rom

Fundmanagement

charge

0.1166%permonth(1.4%perannum)

onthevalueoftherelevantBeneft Account

Each Beneft Accounton the 1st

business day o each month bycancelling units o investmentoptions in proportion to thevalue o investment options heldunder the respective BeneitAccountas at the charging date

Switching ee

No switchingfeewillbe chargedforthefirst4switches o investment options per policy or eachPolicy Year

Foreachsubsequentswitchina Policy Year, aswitching ee o up to 1% o the amount being

switched out, subject to a minimum ee o USD12.50will be imposed on the relevant Beneit Account inwhich switching is eected.

The amount being switched out

Operation

charge

0.2333%permonth(2.8%perannum)

onthevalueoftherelevantBeneft Account

during the operation charge period which is the

The relevant Beneit Accounton the 1

stbusiness day o

each month by cance l l ingunits o investment optionsin proportion to the value o

investment options held under


5/40

What are the ees and charges? (Cont)

Scheme level

Rate Deduct rom

Premiumadjustment

charge

30%of theamount reduced ( i .e . dierence in value) in AnnualisedPremium o the relevant Beneft Account

Premiumamountcanbereducedstarting

rom the 2ndPolicy Year, subject to thischarge or any decrease in premiumduring the 2

ndand 3

rdPolicyYears

The relevant Beneit Account the AnnualisedPremium o which is reduced by cancellingunits o investment options in proportion tothe value o investment options held under

the respective Beneit Account as at thecharging date

Bid/oer

spreadCurrently waived

Frompremiumatthetimeofpremiumpayment

Fromextraallocationatthetimewhenthisamount is credited

Please reer to section FEES AND CHARGES (page 07 to 11) o the Product Brochure o SwissSmart or

details o the charges.

Reerence unds level

You should note that the reerence unds o the investment options may have separate charges on

management ee, perormance ee, bid-oer spread, etc. You do not pay these ees directly either (1) the

ees will be deducted and such reduction will be refected in the unit price o the reerence unds or (2) units

SwissSmart


6/40

Insurance companys inormation


Address : 20/F, 151 Gloucester Road, Wanchai, Hong Kong

Tel : (852) 2864 5600

Fax : (852) 2864 5660

Email : [email protected]

Website : www.swissprivilege.com

Important

AXA Wealth Management (HK) Limited is subject to the prudential regulation o the Insurance Authority.

However, the Insurance Authority does not give approval to individual insurance products, including SwissSmart

reerred to in this statement.

I you are in doubt, you should seek proessional advice.

SwissSmart is authorised by the Securities and Futures Commission (the SFC). Such authorisation is not arecommendation or endorsement oSwissSmart nor does it guarantee the commercial merits oSwissSmart

or its perormance. It does not mean SwissSmart is suitable or all investors nor is it an endorsement o its

suitability or any particular investor or class o investors. The SFC takes no responsibility or the contents o

this statement and makes no representation as to its accuracy or completeness.

Gl

SwissSmart


7/40

SwissSmart

Product Brochure


8/40

Table of contents

Product Description 02

Insurer 02

Policy Structure 02

Premiums - Regular Premiums 03

Investment Options and Allocation 05

Fees and Charges 07

Features and Conditions 12

General Provisions and Notes 15

Glossary 16

P ti I l d 19


9/40

Your SwissSmart policy will comprise a Basic BeneitAccount and all Beneft Accounts.

The Company will have the right to assign a Beneit

Account under your SwissSmart policy to be the new Basic

Beneit Account i the original Basic Beneit Account

ceases to exist.

ChargestoBeneftAccounts

Each Beneft Account runs on its own anniversary basedon its date o ormation and is subject to its own charges.

Policy administration ee is currently waived. However,

the Company reserves the right to impose a policy

administration ee by giving you prior written notice o not

less than three months or such shorter period according to

the regulatory requirements. The policy administration ee

will be charged on the policy but deducted rom the Basic

Beneft Account only.

Please reer to the section FEESANDCHARGES as set

out on page 07 or details about charges.

The Principal Brochure o SwissSmart ("SwissSmart")consists o this Product Brochure, the Investment

Options Lealet and the Product Key Facts Statement.

This Product Brochure is issued and should be read in

conjunction with the Investment Options Leaet and the

Product Key Facts Statement.

Please reer to the section GLOSSARY as set out on page

16 or defnitions o various defned terms.

You should not purchase this product unless you

understand it and it has been explained to you how it is

suitable or you. The fnal decision is yours.

You should not invest based on this document only and

should read the Investment Options Lealet and the

Product Key Facts Statement o SwissSmart and the

oering documents o the reerence unds, which are

made available by the Company.

I you have any queries on the content o this Product

Brochure, the Investment Options Leaet and the Product

Key Facts Statement, please contact your inancial

consultant or assistance.

PRODUCT DESCRIPTION

The way a SwissSmart policy works:

YourSwissSmartpolicycomprisesaBasicBeneft

Account and i any Beneft Account(s)


10/40

PREMIUMS-REGULARPREMIUMSSwissSmart is denominated in US dollar ("USD"). You

may choose to pay the premiums in Hong Kong dollar

("HKD"). Any payment in HKD will be converted into USD

by the Company at the prevailing HKD/USD exchange rate

determined by the Company rom time to time.

Premiums are to be paid at the place designated by

the Company rom time to time. Please contact the

Company or your fnancial consultant or the available

methods o payment as determined by the Company

rom time to time.

PremiumPayment

You may select the premium payment requency (monthly,

quarterly, semi-annual or annual) at policy issuance.

Once selected, it will apply to all regular premium Beneft

Accounts subsequently taken out under the same policy.Subject to the approval o the Company, you may change

the premium payment requency. Please contact the

Company or such arrangement.

The minimum premium payment term or each Beneit

Account is eight years. The current minimum level o

regular premium is as below:

InvestmentAllocationandEncashmentYour regular premiums will be used by the Company to

notionally allocate to the investment options in the orm o

units in your relevant Beneft Account(s) according to your

latest investment option allocation instruction, subject to

applicable charges.

I an encashment is made rom a Beneft Account beore

the end o the Encashment Charge period, an Encashment

Charge will apply to that Beneft Account. Please reer toEncashmentCharge as set out in the section FEESAND

CHARGES on page 07 or details.

ExtraAllocation

During the frst Beneft Year, the Company will oer extra

allocation (as a percentage o the premiums received in

the frst Beneft Year) in the orm o units o the respective

investment options in the relevant Beneit Account. The

percentage will vary with the premium payment term and

the amount o the Annualised Premium as ollows:

For the For each

Annualised

Premiumoeach

regularpremium

BeneftAccount

Extraallocationratebasedon

premiumpaymentterm(BeneftYears)

(asapercentageothepremiums

receivedinthe1stBeneftYear)

8-9 10-14 15-19

20and

thereater


11/40

Illustrativeexampleorthecalculationoextraallocation:

Premium payment term : 15 years

First year Annualised Premium : USD15,000

Applicable extra allocation rate : 3%

Amount o First year Annualised Premium xextra allocation

=Applicable extra allocation rate

= USD15,000 x 3%

= USD450

The amount o extra allocation will be invested upon

receipt o each premium in the frst Beneft Year.

PremiumHoliday

Provided that your policy has a suicient Total

Encashment Value, you may elect in writing to the

Company to suspend the payment o premium ater the

end o the second Policy Year.

Subject to the Company's approval, you may enjoy a

premium holiday as long as the Total Encashment Value o

the policy is sufcient to cover the ollowing:

(i) Policy Charges o the policy; and/or

(ii) premiums o all supplementary riders (as applicable).

During the premium holiday per iod, the rate oEncashment Charge will remain the same as the

applicable rate immediately beore the commencement o

the premium holiday.

Provided the policy is still in eect, you may elect in

writing to the Company to end the premium holiday and

recommence the payment o premiums, subject to the

terms and conditions as determined rom time to time by

the Company at its sole and absolute discretion.

Please note that any premium holiday taken may adversely

aect your ability to meet your investment targets. As a

result, premium holiday is more suitable or a short period

to help you with temporary fnancial difculties or needs.

Please contact your fnancial consultant or the Company

to obtain an application orm or premium holiday and

inormation on the detailed arrangement o premium

holiday, and how it would aect your benefts.

AutomaticPremiumLoan

I any regular premiums o the policy and/or any related

policies are not paid by the expiry o the grace period or

their payment, as long as the policy and/or any related

policies has acquired an aggregate Total Encashment

V l ( t d d ti t t di l d


12/40

I the payment o premiums is not resumed ater:i) 6 months ollowing the due date or the frst unpaid

premium or policies with monthly, quarterly or

semi-annual premium payment requencies, or

ii) 12 months ollowing the due date or the frst unpaid

premium or policies with annual premium payment

requency,

the policy and the related policies will be converted to a

paid up policy.

Please reer to the section PaidUpPolicy as set out on

page 05 or details.

I the policy and the related policies cease to have any

Total Encashment Value or the Total Encashment Value is

insufcient to cover outstanding premiums, the policy will

terminate without value.

PaidUpPolicy

When the policy has a Total Encashment Value, subject to

the conditions described in this section below, you may

elect in writing to the Company to treat the policy as a

paid up policy ater the end o the second Policy Year. No

urther premiums will be due or the policy. The applicable

charges will still apply and the rate o Encashment Charge

ill i th th li bl t i di t l

INVESTMENTOPTIONSANDALLOCATION

AvailableInvestmentOptions

SwissSmart gives you a choice o dierent investment

options across various inancial instruments and sectors

in global markets. You can diversiy your investment by

choosing investment options in a range o markets thereby

balancing the risk o your investment portolio.

Investment options available or selection under the

relevant Beneit Accounts include investment options

with their perormance determined with reerence to the

perormance o their reerence unds which are SFC-

authorised unds or are portolios o underlying assets

internally managed by the Company on a discretionary

basis not authorised by the SFC under the Code on Unit

Trusts and Mutual Funds.

A brie description o the investment options currently

available and the investment objectives o the investment

options or their reerence unds are set out in the

Investment Options Lealet. The investment options

available under SwissSmart can have very dierent

eatures and risk proiles. Some may be o high risk.

You should read careully the risk actors, investment

and borrowing restrictions as set out in the oering

d t( ) th d( ) th i t t


13/40

Allocation o your premiums to investment options isnotional in nature. Units o investment options are

notionally allocated to your Beneit Account(s) solely

or the purpose o determining your Beneit Account

Value. The aggregate o your Beneft Account Value is the

account value o your SwissSmart policy.

The return under SwissSmart will be subject to Policy

Charges, and such returns could be lower than the return

o the reerence unds. Poor perormance o reerenceunds may urther magniy your investment losses, while

all charges are still deductible.

SwitchbetweenInvestmentOptions

Your investment strategy may change rom time to time.

To cope with your changing investment needs, SwissSmart

gives you the exibility to switch your investment between

investment options. Please note that switching investment

options across your Beneft Accounts is not allowed.

Currently, the frst our switches per policy or each Policy

Year are ree o switching ee. For each subsequent

switch in a Policy Year, a switching ee o up to 1% o

the amount being switched out, subject to a minimum

switching ee then in orce will be imposed. The current

minimum amount o switching ee is USD12.50. Please

t th ti FEES AND CHARGES t t

UnitPricesEach unit o an investment option will have a Buying Price

and a Selling Price. Unit prices are generally determined on

a Business Day except otherwise speciied in the Investment

Options Leaet.

The Buying Price o a unit o an investment option will not

exceed the value o such investment option based on the oer

price o the reerence und o the investment option increased

by relevant taxes and other expenses relating to the investmentoption, divided by the total number o units in the investment

option, with the result being rounded up by not more than 1%.

The Selling Price o a unit o an investment option will not be

less than the value o such investment option based on the bid

price o the reerence und o the investment option decreased

by relevant taxes and other expenses relating to the investment

option, divided by the total number o units in the investment

option, with the result being rounded down by not more than 1%.

Units o an investment option will be notionally allocated or

cancelled on the Relevant Allocation Date which alls at least

two Business Days ater receipt by the Company o the premium

or notice o encashment rom you (as the case may be).

In the calculation o number o units o investment options, a

ti l th t th dth it ill t b


14/40

FEESANDCHARGESThe types o charges and the details are set out in the summary tables below:

PolicyChargesonpolicylevel

A monthly und management charge o 0.1166% (1.4% per annum) on the value o each

Beneft Account will be deducted by cancelling units o investment options in proportion to the

value o investment options held under the respective Beneft Account as at the charging date

rom each Beneft Account on the 1st

Business Day o the each month.

Currently waived

The company reserves the right to impose such ee by giving you prior written notice o not less

than three months or such shorter period according to the regulatory requirements.

A monthly operation charge o 0.2333% (2.8% per annum) on the value o the relevant Beneft

Account will be deducted by cancelling units o investment options in proportion to the value o

i t t ti h ld d th ti B ft A t t th h i d t th

Policy administration

ee

Switching ee

Fund management

charge

Bid/Oer Spread

Operation charge

PolicyChargesapplicabletoallregularpremiumBeneftAccounts

Currently waived

No switching ee will be charged or the frst 4 switches o investment options per policy

each Policy Year. For each subsequent switch in a Policy Year, a switching ee o up to 1%o the amount being switched out, subject to a minimum ee o USD12.50, will be imposed

on the relevant Beneft Account in which switching is eected.

Switching ee will be deducted rom the amount being switched out.


15/40

For the determination o the Encashment Charge rate or a Beneft Account, please reer to the

ollowing table:

You may reer to the section IndicativeEncashmentChargerates as set out on page 18 or more

details.

Charging o the Encashment Charge on your SwissSmart policy will lead to a reduction in the

account value and subsequently the Death Beneft.

The earlier the partial encashment, or the termination o the policy, the higher the rate o the

Encashment Charge will be imposed and thereore it may result in a signifcant loss o your

i i l d t ll ti d d

Encashment Charge

BeneftYear

Year 1

Year 2 and

thereater

EncashmentCharge

100%

Monthly und

management

charge rate o

the relevant

Beneft Account

x + x

(Remaining

months in the

Encashment

Charge period

as at the date o

encashment + 1)

Monthly

operation charge

rate

(Remaining

months in

the operation

charge period

as at the date o

encashment + 1)


16/40

ApplicableEncashmentChargerate:

EncashmentCharge = Account value x Encashment Charge rate

= USD100,000 x 37.80%

= USD37,800

TotalEncashmentValue = Account value - Encashment Charge

= USD100,000 - USD37,800= USD62,200

Case3:TotalEncashmentatertheoperationchargeperiod


Encashment occurs in : 99th

month

Account value : USD500,000

Applicable Encashment Charge period : 15 years

Encashment Charge

Monthly und

management

charge rate

1.4%/12 x (163+1) + 2.8%/12 x (79+1)

37.80%

=

=

=

x + x

(Remaining

months in the

Encashment

Charge period

as at the date o

encashment + 1)

Monthly

operation charge

rate

(Remaining

months in

the operation

charge period

as at the date o

encashment + 1)


17/40

Case4:TotalEncashment(withpremiumholiday)


Premium holiday start rom : 30th

month's premium

Premium holiday last or : 24 months

Encashment occurs in : 57th

month

Account value : USD300,000


Remaining months in the = (15 x 12 - 57 + 24) ) monthsapplicable Encashment Charge period = 147 months

Applicable operation charge period : 8 years

Remaining months in the = (8 x 12 - 57 + 24) monthsapplicable operation charge period = 63 months


E h t Ch A t l E h t Ch t

Encashment Charge

Monthly undmanagement

charge rate

1.4%/12 x (147+1) + 2.8%/12 x (63+1)

32.20%

=

=

=

x + x

(Remaining

months in the

Encashment

Charge period

as at the date o

encashment + 1)

Monthlyoperation charge

rate

(Remaining

months in

the operationcharge period

as at the date o

encashment + 1)


18/40


19/40

FEATURESANDCONDITIONS

A. TotalEncashment

You may encash the policy (all Beneit Accounts) in

exchange or its Total Encashment Value subject to our

receipt o:

your valid written Total Encashment application in

the orm specifed by us; and

the original policy contract or your policy.

Total Encashment Value means the aggregate o the

Encashment Value o all Beneit Accounts under your

policy.

Total Encashment during the Encashment Charge period

is subject to an Encashment Charge. Please reer to

EncashmentCharge as set out in the section FEESAND


The Total Encashment Value will normally be payable

within 30 days ater our receipt o your valid written

application and the original o your policy contract at

the Company's oice. No interest is payable or the

period rom the date the units are cancelled rom your

Beneit Account(s) to the date o payment o the Total

Encashment Value.

These minimum amounts may be revised by the Companyrom time to time by giving you prior written notice o not

less than three months or such shorter period according to

the regulatory requirements.

A Partial Encashment amount means the aggregate value

o the units you encash rom your Beneft Account, ater

the deduction o the Encashment Charge, i any. Partial

Encashment during the Encashment Charge period

is subject to an Encashment Charge. Please reer toEncashmentCharge as set out in the section FEESAND


Partial Encashment will lead to a reduction in the account

value and accordingly the Death Beneit will be reduced.

Partial Encashment may possibly lead to termination o

your policy (including supplementary riders) i the Total

Encashment Value is insufcient to pay the relevant Policy

Charges.

SwissSmart is intended or clients who have a medium to

long-term investment horizon. Partial Encashment in the

early years may result in a signifcant loss o your principal

and any extra allocation awarded.

C. DeathBeneft

P t D th B ft d i th E h t Ch


20/40

IllustrativeexamplesorthecalculationoDeathBeneft:

Case1:Deathoccursbeorethe65thbirthdayothePrimaryLieInsured


Death occurs at : Age 55

: 20th

month o the policy

Total premium paid : USD600,000

Partial Encashment amount : USD10,000

Beneft Account Value : USD700,000Applicable Encashment Charge period : 15 years

Remaining months in the applicable Encashment Charge period = (15 x 12 - 20) months

= 160 months


Remaining months in the applicable operation charge period = (8 x 12 - 20) months

= 76 months


Monthly und

management charge

rate

1.4%/12 x (160+1) + 2.8%/12 x (76+1)

36.75%

=

=

=

x + x

(Remaining months in

the Encashment Charge

period as at the date o

encashment + 1)

Monthly operation

charge rate


the operation charge

period as at the date

o encashment + 1)


21/40

Case2:Deathoccursaterthe65

th

birthdayothePrimaryLieInsured


Death occurs at : Age 67

: 200th

month o the policy

Total premium paid : USD600,000

Partial Encashment amount : USD10,000

Beneft Account Value : USD1,000,000


Remaining months in the applicable Encashment Charge period = (20 x 12 - 200) months= 40 months


Remaining months in the applicable operation charge period = 0 months (not applicable)


Monthly und

management chargerate

1.4%/12 x (40+1) + 2.8%/12 x 0 (not applicable)

4.783%

=

=

=

x + x


the Encashment Charge

period as at the date oencashment + 1)

Monthly operation

charge rate


the operation charge

period as at the dateo encashment + 1)

EncashmentCharge = Account value x Encashment Charge rate

= USD1,000,000 x 4.783%

USD47 830


22/40

GENERALPROVISIONSANDNOTES

Application

SwissSmart is a whole o lie investment-linked insurance

policy available to proposed insured age up to 70 (age as

at next birthday).

Application or a proposed insured under age 18 must be

made by his or her parent or guardian.

To apply or SwissSmart, simply complete and send the

application orm to us with the premium required.

The Company reserves the r ight to decl ine any

applications or SwissSmart i the inormation provided

by the proposed insured and/or the proposed policy owner

during application is insuicient or does not meet our

underwriting requirements.

AccountValue

The account value o your policy is the sum o the value o

your units in each investment option you select. The value

o your units in each investment option is determined

by multiplying the number o your units by the latest

available Selling Price. Please contact us or visit www.

swissprivilege.com or inormation o unit prices.

GracePeriodThe Company allows a grace period o 31 days ollowing

the due date or the payment o regular premiums or the

policy. No penalty will be imposed or any late payment.

I premium payment remains outstanding by the expiry

o the grace period but the policy has acquired a Total

Encashment Value (ater deduction o any outstanding

loans and accrued interest) which is greater than the

required amount to cover the overdue premiums, theseunpaid premiums will be deemed to be advanced rom an

Automatic Premium Loan that will automatically be made

to you on the security o the policy. Please reer to the

section AutomaticPremiumLoan as set out on page 04

or details.

Termination

The policy will automatically terminate upon occurrence

o the earliest o the ollowing:

1. the date when premium due or the policy is not ully

paid at the expiry o the relevant grace period and

the policy has acquired a Total Encashment Value but

an Automatic Premium Loan cannot be taken out in

accordance with the section AutomaticPremiumLoan;

or

2. the date o its Total Encashment; or


23/40

InterestIn the event o the death o the Primary Lie Insured under

your SwissSmart policy, interest will be paid in respect o

any relevant Beneft Account or the period rom the date

on which notifcation o death is received by the Company

to the date o payment o the Death Beneft as set out in

the section FEATURESANDCONDITIONS on page 12 at a

rate to be determined by the Company rom time to time.

GoverningLawandJurisdictionThe policy is issued under and will be construed in

accordance with the laws o Hong Kong. The policy will

be subject to the non-exclusive jurisdiction o the Hong

Kong courts.

Taxation

Taxation consequences o investing in the policy depend

on the applicable tax laws o your particular situation. You

are recommended to seek proessional advice about your

particular tax consequences.

InvestmentRisks

Investment involves risks, including uctuation o market

price o investment. The value o the investments and

their yield may go down as well as up as a consequence

o the general nature o various investments. Past

perormance is not indicative o uture perormance. It

GLOSSARYAnnualisedPremium means the amount calculated

by multiplying each regular premium payment and its

corresponding payment requency as presented by 12

(monthly), 4 (quarterly), 2 (semi-annual) or 1 (annual), as

the case may be.

AutomaticPremiumLoan means a loan which is

automatically made to the policy owner on the security

o the policy i regular premiums are not paid by the

expiry o the grace period or their payment and as long

as the policy and any all related policies have acquired an

aggregate Total Encashment Value (ater deduction o any

outstanding loans and accrued interest) which is greater

than the required amount to cover the overdue premiums.

Please reer to the section AutomaticPremiumLoan as

set out on page 04 or details.

BasicBeneftAccount means the Beneft Account created

or the frst lie insurance protection selected by the policy

owner with the irst premium, or the Beneit Account

assigned by the Company as the Basic Beneit Account

when the existing Basic Beneft Account ceases to exist.

BeneftAccount means each account ormed in respect o

each stream o regular premiums and includes the Basic


24/40

BusinessDay means a day (other than Saturday) onwhich banks in Hong Kong are open or normal banking

business.

BuyingPrice means the price at which a unit o an

investment option will be notionally allocated to the policy

on a Dealing Day and as determined in accordance with

the section UnitPrices.

DeathBeneit means the death beneit determined inaccordance with the section DeathBeneft.

EncashmentCharge means the charge imposed by us in

respect o the payment o Total Encashment, payment on

death o the Primary Lie Insured, Partial Encashment

and termination o the policy as determined in accordance

with the section FEESANDCHARGES.

EncashmentValue means the Beneft Account Value ater

deduction o any applicable Encashment Charge and

outstanding Policy Charges.

PartialEncashmentmeans a policy owner's request or us

to encash some or all o the units held by the policy owner

under a Beneit Account in exchange or a cash sum in

accordance with the section PartialEncashmentand the

expression "partially encash" will be construed accordingly.

SellingPrice means the price at which a unit o aninvestment option will be cancelled rom the policy on a

Dealing Day and as determined in accordance with the

section UnitPrices.

TotalEncashment means a policy owner's request or us

to encash all the units held by the policy owner under the

policy in exchange or a cash sum in accordance with the

section TotalEncashment.

TotalEncashmentValue means the aggregate o the

Encashment Value o all Beneit Accounts under the

policy.


25/40

IndicativeEncashmentChargeratesThe table below sets out an indicative highest Encashment Charge rate applicable during each Beneft Year.

In Year 1, the Encashment Charge rate remains the same throughout the year. For each subsequent Beneft Year, the

Encashment Charge rate will decrease steadily during the Beneft Year rom the rates shown in the table.

Monthly Encashment Charge rates or each Beneft Year will be made available by the Company upon request.

BeneftYear

PremiumPaymentTerm

8-9Years 10-14Years 15-19Years 20+Years

1 100.0% 100.0% 100.0% 100.0%

2 29.4% 32.2% 39.2% 46.2%

3 25.2% 28.0% 35.0% 42.0%

4 21.0% 23.8% 30.8% 37.8%

5 16.8% 19.6% 26.6% 33.6%

6 12.6% 15.4% 22.4% 29.4%

7 8.4% 11.2% 18.2% 25.2%

8 4.2% 7.0% 14.0% 21.0%

9 N/A 2.8% 9.8% 16.8%

10 N/A 1.4% 8.4% 15.4%


26/40

PARTIESINVOLVED

Insurancecompany


20/F

151 Gloucester Road

Wanchai, Hong Kong

InvestmentManagers/AdvisersoReerenceFunds

For inormation on the investment managers/advisers

o the reerence unds, please reer to the oering

documents o the reerence unds.

AXAWealthManagement(HK)Limited isanauthorised

insurancecompanyinHongKonginaccordancewiththe

ICO.TheCompanyissubjecttotheprudentialregulation

otheInsuranceAuthority.However,theInsurance

Authoritydoesnotgiveapprovalto individualinsurance

products,includingSwissSmartreerredtointhis

brochure.

AXAWealthManagement(HK)Limitedacceptsull

responsibilityortheaccuracyotheinormationshownin

thePrincipalBrochureincludingthisProductBrochure,

theInvestmentOptionsLeaetandtheProductKeyFacts

Statement,atthedateoitspublication.Wealsoconfrm,

SWISS PRIVILEGE15/F Luk Kwok Centre

72 Gloucester Road

Wanchai, Hong Kong

Tel: (852) 2864 5600

Fax: (852) 2864 5660

www.swissprivilege.com

I you do not wish to receive any promotional materials rom us

in uture, please email to [email protected].

(Not or use in Mainland China)

June 2011


27/40

1

Investment Options Leaflet

This investment options leaflet is issued and should be read in conjunction with the Product Brochure and the Product Key Facts Statement of Privilege Personal Portfolio, Formula

Suisse or SwissSmart (each the "Product") respectively as these documents together form the Principal Brochure of the relevant Product.

Investment Risks that may be relevant to your investment

Investment involves risks, including fluctuation of market price of investment. The value of the investments and their yield may go down as well as up as a consequence of the

general nature of various investments. Past performance is not indicative of future performance. It is important for you to know your risk tolerance level and the level of risks

associated with your investment before making any investment decisions.

You are strongly recommended to read the offering documents of the respective reference funds carefully for the risks associated with the investment. Copies of the offering

documents of the reference funds are made available by AXA Wealth Management (HK) Limited (the Company).

In general, the performance of investment options will be affected by a number of risk factors:

Market Risk

The fund price of reference fund may fluctuate as a result of a variety of changes in the market and the economy, including but not limited to changes in interest rates, exchange

rate, credit rating of the issuer or guarantor, inflation (including actual and outlook) and a general decline in the investment market as a whole.

Counterparty Risk

Investment may be subject to the credit risk and default risk of the issuer or guarantor.

Liquidity Risk

The reference fund may invest in instruments where the volume of transactions may fluctuate significantly depending on market sentiment. There is a risk that investments made

by the reference fund may become less liquid in response to market developments or adverse investor perceptions.

Currency Risk

The reference fund that holds assets denominated in non-local currency is subject to the risk of exchange rate fluctuation.


28/40

AXA Wealth Sfr

Money MarketFund

AXA Wealth Euro

Money Market

Fund

AXA Wealth

Fidelity Australian

Dollar Currency

Fund

AXA Wealth US$

Money Market

Fund

AXA WealthSterling Money

Market Fund

1.1

1.2

1.3

1.4

1.5

SFR

EUR

AUD

USD

GBP

Up to 0.60%

Up to 0.72%

1.00%

Up to 0.72%

Up to 0.72%

AXA Wealth

Management (HK)Limited

AXA Wealth

Management (HK)

Limited

FIL Limited

AXA Wealth

Management (HK)

Limited

AXA WealthManagement (HK)

Limited

Internally

Managed by theCompany

Internally

Managed by the

Company

Fidelity Funds II -

Australian Dollar

Currency Fund

Internally

Managed by the

Company

InternallyManaged by the

Company

Invests worldwide primarily in SFR-denominated money market instruments (particularly treasury notes,

certificates of deposit, commercial paper, medium-term notes and bankers acceptances), short-term treasurybills and/or fixed-interest bonds and f loating-rate debt securities

The investment is subject to country risk, currency risk, fixed-income securities risk, structured debt securities

risk and financial derivative instrument risk. The investment may use financial derivative instruments (e.g.

forwards, futures, options, swaps, etc.) for investments purposes and/or efficient portfolio management and/or

hedging purposes

Invests worldwide primarily in EUR-denominated money market instruments (particularly treasury notes,

certificates of deposit, commercial paper, medium-term notes and bankers acceptances), short-term treasury

bills and/or fixed-interest bonds and f loating-rate debt securities



forwards, futures, options, swap, etc.) for investments purposes and/or efficient portfolio management and/or

hedging purposes

Invests primarily in Australian Dollar denominated debt securities and other permitted assets

Invests worldwide primarily in USD-denominated money market instruments (particularly treasury notes,

certificates of deposit, commercial paper, medium-term notes and bankers acceptances), short-term treasury





hedging purposes

Invests worldwide primarily in GBP-denominated money market instruments (particularly treasury notes,certificates of deposit, commercial paper, medium-term notes and bankers acceptances), short-term treasury





hedging purposes

Investment OptionName

1 Risk Rating: Low Risk

Currency ofReferenceFund/InternallyManagedInvestmentOption

Fund ManagementFee of ReferenceFund/InternallyManagedInvestment OptionPer Annum (% ofNet Asset Value)

Manager ofReference Fund/Internally ManagedInvestment Option

Reference Fund Investment Objective of Reference Fund/Internally Managed Investment Option

2

You are given a choice of different investment options across various financial instruments and sectors in global markets. It is easy for you to diversify your investment by investing in a range of markets while balancing the risk ofyour investment portfolio. The currently available investment options are set out as below:


29/40

2 Risk Rating: Low to Medium Risk

AXA Wealth Pictet

Absolute Return

Global Diversified

Fund

AXA Wealth SwissBond Fund

AXA Wealth

Dynamic US$

Bond Fund

AXA Wealth

Dynamic

International

Bond Fund

AXA Wealth

Schroder ISF Asian

Bond Absolute

Return Fund

AXA Wealth

Templeton Global

Bond Fund

AXA Wealth

Fidelity

International

Bond Fund

AXA Wealth

BlackRock Local

Emerging Markets

Short Duration

Bond Fund

2.1

2.2

2.3

2.4

2.5

2.6

2.7

2.8

EUR

SFR

USD

USD

USD

USD

USD

USD

1.10%

0.90%

0.95%

0.95%

1.25%

0.75%

0.75%

1.00%

Pictet Funds

(Europe) S.A.

AXA WealthManagement (HK)

Limited

AXA Wealth

Management (HK)

Limited

AXA Wealth

Management (HK)

Limited

Schroder

Investment

Management

(Luxembourg) S.A.

Franklin Templeton

Investments

FIL Limited

BlackRock

(Luxembourg) S.A.

Pictet - Absolute

Return Global

Diversified

InternallyManaged by the

Company

Internally

Managed by the

Company

Internally

Managed by the

Company

Schroder

International

Selection Fund -

Asian Bond

Absolute Return

Franklin Templeton

Investment Funds

- TempletonGlobal Bond Fund

Fidelity Funds -

International

Bond Fund

BlackRock Global

Funds - Local

Emerging Markets

Short Duration

Bond Fund

Aims to provide investors with an absolute positive return primarily by investing in a broad and extremely

diversified selection of assets. All the various strategies aim to provide investors with a return greater than its

benchmark index, EONIA (the "Euro Over Night Index Average" which reflects the average weighted rate of

interbank investments from one day to the next in the eurozone)

Maximizes the return from a Swiss Franc denominated bond portfolio




hedging purposes

Maximizes the return by investing mainly in US$ denominated bonds (including convertible bonds) across the

entire range of borrower ratings and maturities issued by public, private and semi-private issuers worldwide




hedging purposes

Maximizes the return by investing mainly in readily marketable bonds across the entire range of borrower ratings

and maturities. Investments are made globally with no restrictions as to country, currency or sector




hedging purposes

Provides an absolute return of capital growth and income primarily through investment in a portfolio of bonds

and other fixed and floating rate securities issued by governments, government agencies, supra national and

corporate issuers in Asia excluding Japan

Aims to maximise, consistent with prudent investment management, total investment return consisting of a

combination of interest income, capital appreciation and currency gains by investing principally in a portfolio

of fixed or floating rate debt securities (including non-investment grade securities) and debt obligations issuedby government or government-related issuers worldwide

Invests in international markets to maximize performance measured in US Dollars

Seeks to maximize total return. The reference fund invests at least 70% of its total assets in local

currency-denominated fixed income transferable securities with a duration of less than five years issued by

governments, agencies and companies domiciled in, or exercising the predominant part of their economic

activity in, developing markets. The average duration is not more than two years. The full spectrum of available

securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed






3


30/40

AXA Wealth

AllianceBernstein

American Income

Portfolio Fund

AXA Wealth Pictet

Global Emerging

Debt Fund

AXA Wealth

BlackRock Asian

Tiger Bond Fund

AXA Wealth

Templeton Global

Total Return Fund

AXA Wealth

Morgan Stanley

Global Convertible

Bond Fund

AXA Wealth Pictet

Latin American

Local Currency

Debt Fund

AXA Wealth

Fidelity US High

Yield Fund

AXA Wealth

AllianceBernstein

Global High Yield

Portfolio Fund

2.9

2.10

2.11

2.12

2.13

2.14

2.15

2.16

USD

USD

USD

USD

USD

USD

USD

USD

1.10%

1.10%

1.00%

0.75%

1.00%

1.20%

1.00%

(1) 1.70%^

(2) 1.50%^

AllianceBernstein

(Luxembourg) S.A.

Pictet Funds

(Europe) S.A.

BlackRock

(Luxembourg) S.A.

Franklin Templeton

Investments

Morgan Stanley

Investment

Management

Limited

Pictet Funds

(Europe) S.A.

FIL Limited

AllianceBernstein

(Luxembourg) S.A.

AllianceBernstein

- American

Income Portfolio#

Pictet - Global

Emerging Debt

BlackRock Global

Funds - Asian

Tiger Bond Fund

Franklin Templeton

Investment Funds

- Templeton

Global Total

Return Fund

Morgan Stanley

Investment Funds

Global Convertible

Bond Fund

Pictet - Latin

American Local

Currency Debt

Fidelity Funds -

US High Yield

Fund

AllianceBernstein

- Global High

Yield Portfolio#

Seeks to provide a high level of current income with the potential for capital appreciation by investing in a

diversified portfolio of U.S.dollar-denominated fixed income securities. The reference fund invests solely in

U.S. dollar denominated fixed income securities, including investment grade and high yield securities of issuers

domiciled within and outside the U.S. Under normal market conditions, a minimum of 50% of the Portfolio

assets will be invested in investment grade securities. At least 65% of the assets must be issued by issuers

domiciled within the United StatesSeeks revenue and capital growth by investing its portfolio in bonds and money market instruments in emerging

countries, within the limits allowed by the investment restrictions

Seeks to maximize total return. The reference fund invests at least 70% of it s total assets in the fixed income

transferable securities of issuers domiciled in, or exercising the predominant part of their economic activity in,

Asian Tiger countries. The reference fund may invest in the full spectrum of available securities, including

non-investment grade. The currency exposure of the reference fund is flexibly managed

Aims to maximize, consistent with prudent investment management, total investment return consisting of a

combination of interest income, capital appreciation, and currency gains by investing principally in a portfolio

of fixed and/or floating rate debt securities and debt obligations issued by government and government-related

issuers or corporate entities worldwide

Seeks long-term capital appreciation, measured in US Dollars, through investment primarily in convertible

bonds issued by companies organised or operating in either the developed or emerging markets which will be

denominated in global currencies

Seeks revenue and capital growth by investing a minimum of two-thirds of its total assets or wealth in a

diversified portfolio of bonds and other debt securities linked to local Latin American emerging countries

Seeks a high level of current income and capital appreciation by investing primarily in high-yielding, sub

investment grade securities of issuers that have their head office or exercise a predominant part of their

economic activity in the United States. The type of debt securities in which the reference fund will primarily

invest will be subject to high risk and will not be required to meet a minimum rating standard and may not be

rated for creditworthiness by any internationally recognised rating agency. Sub investment grade securities

mean securities with a rating of BB+ or less from Standard and Poor's (S&P) or equivalent rating from an

internationally recognised rating agencySeeks to produce high current income as well as overall total return by investing primarily in a portfolio of high

yield debt securities of issuers located throughout the world, including the U.S. and emerging countries. The

reference fund invests in both U.S. dollar and non-U.S. dollar denominated securities. The Investment Manager

utilizes the investment research of both its global fixed income and high yield teams






4


31/40

3 Risk Rating: Medium Risk

AXA Wealth

Global Balanced

Fund

AXA WealthBlackRock Global

Allocation Fund

AXA Wealth

Invesco Asia

Balanced Fund

3.1

3.2

3.3

USD

USD

USD

1.25%

1.50%

1.25%

AXA Wealth

Management (HK)

Limited

BlackRock(Luxembourg) S.A.

Invesco

Management S.A.

Internally

Managed by the

Company

BlackRock GlobalFunds - Global

Allocation Fund

Invesco Funds -

Invesco Asia

Balanced Fund

Seeks to maximize capital growth over the medium to long-term through investment in a global portfolio of fixed

income securities and equities. The broad investment policy across securities markets and by asset allocation

is designed to produce a balanced portfolio for investors


risk, financial derivative instrument risk and equity securities risk. The investment may use financial derivative

instruments (e.g. forwards, futures, options, swap, etc.) for investments purposes and/or efficient portfolio

management and/or hedging purposes

Seeks to maximize total return. The reference fund invests globally in equity, debt and short-term securities, ofboth corporate and governmental issuers, with no prescribed limits. In normal market conditions the reference

fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The

reference fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser,

undervalued. The reference fund may also invest in the equity securities of small and emerging growth

companies. The reference fund may also invest a portion of its debt portfolio in high yield fixed income

transferable securities. Currency exposure is flexibly managed

Generates income from investment in Asia-Pacific equities and debt securities (excluding Japan). The reference

fund will also aim to provide long-term capital appreciation

AXA Wealth BNP

Paribas Bond Best

Selection World

Emerging Fund

AXA Wealth

Fidelity Asian

High Yield Fund

2.17

2.18

USD

USD

1.50%

1.00%

BNP Paribas

Investment

Partners

Luxembourg

FIL Limited

BNP Paribas L1

Bond Best

Selection World

Emerging

Fidelity Funds -

Asian High Yield

Fund

Invests at least 2/3 of its assets in a limited number of bonds and debt securities or other securities issued by

emerging countries (Chile, Korea, Hungary, Mexico, Poland, the Slovak Republic, the Czech Republic and

Turkey, and the countries that do not belong to OECD) or by companies characterised by a strong financial

structure and/or potential for profitable growth that have their registered offices or conduct a majority of their

business activities in these countries, as well as in derivative financial instruments on this type of asset

The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable

securities, money market instruments, derivative financial instruments or cash, and up to 5% of its assets in

other UCITs or UCIs

Certain markets are not currently considered regulated markets, so direct investments on these markets must

be limited to 10% of net assets. Russia is one of these non-regulated markets, except for the Russian Trading

System Stock Exchange ("RTS Stock Exchange") and the Moscow Interbank Currency Exchange ("MICEX")

which are considered regulated Russian markets and on which investments can exceed 10% of net assets

Seeks a high level of current income and capital appreciation by investing primarily in high-yielding, sub

investment grade securities of issuers that have their principal business activities in the Asian region. This

reference fund will suit those investors seeking high income and capital appreciation and who are prepared to

accept the risks associated with this type of investment. The type of debt securities in which the reference fund

will primarily invest will be subject to high risk and will not be required to meet a minimum rating standard.

Most but not all will be rated for creditworthiness by an internationally recognised rating agency. Sub

investment grade securities mean securities with a rating of BB+ or less from Standard and Poor's (S&P) or

equivalent rating from an internationally recognised rating agency






5


32/40

AXA Wealth BNP

Paribas Equity

World Utilities

Fund

AXA Wealth Janus

US Strategic

Value Fund

AXA Wealth

Invesco Japanese

Equity Fund

AXA Wealth

Franklin Mutual

Beacon Fund

AXA Wealth

Fidelity European

Growth Fund

AXA Wealth

Fidelity America

Fund

AXA Wealth

Schroder ISF Euro

Equity Fund

AXA Wealth

AllianceBernstein

Global Growth

Trends Portfolio

Fund

AXA Wealth

Templeton Global

Fund

3.4

3.5

3.6

3.7

3.8

3.9

3.10

3.11

3.12

EUR

USD

USD

USD

EUR

USD

EUR

USD

USD

1.50%

1.50%

1.50%

1.00%

1.50%

1.50%

1.50%

(1) 1.70%^^

(2) 1.50%^^

1.00%

BNP Paribas

Investment

Partners

Luxembourg

Janus Capital

International

Limited

Invesco Global

Asset Management

Limited

Franklin Templeton

Investments

FIL Limited

FIL Limited

Schroder Investment

Management

(Luxembourg) S.A.

AllianceBernstein

(Luxembourg) S.A.

Franklin Templeton

Investments

BNP Paribas L1

Equity World

Utilities

Janus Capital

Funds Plc -

Perkins US

Strategic Value

Fund

Invesco Funds

Series 1 - Invesco

Japanese Equity

Fund

Franklin Templeton

Investment Funds

- Franklin Mutual

Beacon Fund

Fidelity Funds -

European Growth

Fund

Fidelity Funds -

America Fund

Schroder

International

Selection Fund -

EURO EquityAllianceBernstein

- Global Growth

Trends Portfolio#

Franklin Templeton

Investment Funds

- Templeton

Global Fund

Invests at least 2/3 of its assets in shares or other securities of companies that conduct the majority of their

business activities in the local authorities services sector and in related or connected sectors and in derivative

financial instruments on this type of asset


securities, money market instruments, derivative financial instruments or cash, provided that the investmentsin debt securities of any kind do not exceed 15% of its assets and up to 10% of its assets in other UCITs or UCIs

Seeks long-term growth of capital through investments primarily in common stocks using a "value" approach,

which emphasizes investments in companies Janus believes are undervalued relative to their intrinsic worth

Achieves long-term capital growth by investing in securities of Japanese companies

Primarily aims for capital appreciation with income as a secondary objective; pursues its objectives principally

through investments in common stock, preferred stock, and debt securities convertible or expected to be

convertible into common or preferred stock. The reference fund may also seek to invest in the securities of

companies involved in mergers, consolidations, liquidations and reorganizations or as to which there exist

tender or exchange offers, and may participate in such transactions. To a lesser extent, the reference fund may

also purchase debt securities, both secured and unsecured, of companies involved in reorganisation or f inancial

restructuring

Invests principally in equity securities quoted on European stock exchanges

Invests primarily in US equity securities

Provides capital growth primarily through investment in equity securities of companies in countries

participating in Economic and Monetary Union (EMU)

Seeks long-term capital growth by investing in a global portfolio of equity securities. The reference fund

currently consists of six sub-portfolios, each managed by an in-house, senior sector analyst-manager. Currently,

these sectors consist of health care, infrastructure, consumer growth, information technology, energy & natural

resources and finance. Applying a research-driven, bottom-up stock selection process, each of the sub-portfolio

analyst-managers uses the investment manager's proprietary research to seek attractive companies in their sectors

Seeks to achieve capital appreciation through a policy of investing in equity and debt obligations of companies

and governments of any nation throughout the world, including emerging markets. The reference fund invests

principally in common stocks






6


33/40

4 Risk Rating: High Risk

AXA Wealth

Invesco Global

Health Care Fund

AXA Wealth Pictet

Water Fund

AXA Wealth

Fidelity Australia

Fund

AXA Wealth Pictet

Security Fund

AXA Wealth BNP

Paribas Equity

High Dividend

Pacific Fund

4.1

4.2

4.3

4.4

4.5

USD

EUR

AUD

USD

EUR

2.00%

1.60%

1.50%

1.60%

1.50%

Invesco Global

Asset Management

Limited

Pictet Funds

(Europe) S.A.

FIL Limited

Pictet Funds

(Europe) S.A.

BNP Paribas

Investment

Partners

Luxembourg

Invesco Funds

Series 3 - Invesco

Global HealthCare Fund

Pictet - Water

Fidelity Funds -

Australia Fund

Pictet - Security

BNP Paribas L1

Equity High

Dividend Pacific

Achieves long-term capital growth by investing in healthcare companies throughout the world; the reference

fund is invested principally in four different sectors of the healthcare markets, these being pharmaceuticals,

biotechnology, healthcare services and medical technology and supplies

Aims to invest in equities issued by companies operating in the water and air sector worldwide. The companies

targeted in the water sector will include water production companies, water conditioning and desalination

companies, water suppliers, water bottling, transport and dispatching companies, companies specialising in the

treatment of waste water, sewage and solid, liquid and chemical waste, companies operating sewage treatment

plants and companies providing equipment, consulting and engineering services in connection with the

above-described activities. The companies targeted in the air sector will include companies responsible for

inspecting air quality, suppliers of air-filtration equipment and manufacturers of catalytic converters for vehicles

Invests principally in Australian equity securities

Applies a capital growth strategy by investing primarily in shares or similar securities issued by companies that

contribute to providing integrity, health, and freedom, whether it be individual, corporate or political. Thereference fund will invest at least two-thirds of its total assets or wealth in equities issued by companies

operating in this sector

Invests at least 2/3 of its assets in shares or other securities representing equity in the capital of companies that

have their registered offices or conduct the majority of their business activities in the Pacific region and whose

dividend return is greater than the average of the Pacific market, as well as in derivative financial instruments

on this type of asset

May also invest a maximum of 1/3 of its assets in any other transferable securities, money market instruments,

derivative financial instruments or cash, provided that the investments in debt securities of any kind do not

exceed 15% of its assets and the investments in other UCITS or UCI do not exceed 5%

AXA Wealth

Fidelity Germany

Fund

AXA Wealth

Morgan Stanley

European PropertyFund

AXA Wealth

Henderson Global

Property Equities

Fund

AXA Wealth Janus

Global Real Estate

Fund

3.13

3.14

3.15

3.16

EUR

EUR

USD

USD

1.50%

1.40%

1.20%

1.25%

FIL Limited

Morgan Stanley

Investment

ManagementLimited

Henderson Fund

Management

(Luxembourg) S.A.

Janus Capital

International

Limited

Fidelity Funds -

Germany Fund

Morgan Stanley

Investment Funds

EuropeanProperty Fund

Henderson

Horizon Fund -

Global Property

Equities Fund*

Janus Capital

Funds Plc - Janus

Global Real

Estate Fund

Invests principally in German equity securities

Seeks long-term capital appreciation, measured in Euro, through investment in the equity securities of

companies in the European real estate industry

Seeks long-term capital appreciation by investing in the quoted equity securities of companies or Real Estate

Investment Trusts (or its equivalents) listed or traded on a regulated market which derive the main part of their

revenue from the ownership, management and/or development of real estate, throughout the world

Seeks total return through a combination of capital appreciation and current income from both US and non-US

securities. It invests primarily in companies engaged in or related to the property industry, or which own

significant property assets. These can include real estate operating and service companies as well as REITs

(Real Estate Investment Trusts)






7


34/40

AXA Wealth

Fidelity Global

Financial Services

Fund

AXA Wealth Invesco

Japanese Small/MidCap Equity Fund

AXA Wealth Pictet

Generics Fund

AXA Wealth Pictet

Digital

Communication

Fund

AXA Wealth Pictet

Biotech Fund

AXA Wealth

Schroder Global

Climate Change

Equity Fund

AXA Wealth Pictet

Premium Brands

Fund

AXA Wealth

Invesco Global

Leisure Fund

AXA Wealth Fidelity

European Smaller

Companies Fund

AXA Wealth Janus

Global Technology

Fund

4.6

4.7

4.8

4.9

4.10

4.11

4.12

4.13

4.14

4.15

EUR

USD

USD

USD

USD

USD

EUR

USD

EUR

USD

1.50%

1.50%

1.60%

1.60%

1.60%

1.50%

1.60%

1.50%

1.50%

1.50%

FIL Limited

Invesco Global

Asset ManagementLimited

Pictet Funds

(Europe) S.A.

Pictet Funds

(Europe) S.A.

Pictet Funds

(Europe) S.A.

Schroder

Investment

Management

(Luxembourg) S.A.

Pictet Funds

(Europe) S.A.

Invesco

Management S.A.

FIL Limited

Janus Capital

International

Limited

Fidelity Funds -

Global Financial

Services Fund

Invesco Funds

Series 4 - InvescoJapanese

Small/Mid Cap

Equity Fund

Pictet - Generics

Pictet - Digital

Communication

Pictet - Biotech

Schroder

International

Selection Fund -

Global Climate

Change Equity

Pictet - Premium

Brands

Invesco Funds -

Invesco Global

Leisure Fund

Fidelity Funds -

European Smaller

Companies Fund

Janus Capital

Funds Plc - Janus

Global Technology

Fund

Provides investors with long-term capital growth, principally through investment in the equity securities of

companies throughout the world which are involved in providing financial services to consumers and industries

Achieves long-term capital growth by investing in small to medium sized Japanese companies

Achieves capital growth by investing at least two-thirds of its total assets or wealth in equities or similar

securities issued by companies that are active in the field of generic drugs. Geographically, its investment

universe is not restricted to a particular area

Aims to achieve capital growth by investing at least two-thirds of its total assets or wealth in equities or any other

securities related to securities issued by companies using digital technology to offer interactive services and/or

products related to interactive services in the communications sector

Aims to achieve growth by investing in equities or similar securities issued by biopharmaceutical companies

that are at the forefront of innovation in the medical sector. The reference fund will invest at least two-thirds of

its total assets or wealth in equities issued by companies operating in this sector. Geographically, the reference

fund's investment universe is not restricted to a particular area. However, in light of the particularly innovative

nature of the pharmaceutical industry in North America and Western Europe, the vast majority of investments

will focus on these regions

Provides capital growth primarily through investment in equities securities of worldwide issuers which will

benefit from efforts to accommodate or limit the impact of global climate change

Applies a capital growth strategy by investing at least two-thirds of its total assets or wealth in equities issued

by companies operating in the premium brands sector, which offer high quality services and products. These

companies benefit from strong market recognition because they have the ability to create or channel consumer

trends. They may also have a certain capacity to set prices. These companies are particularly specialised in

high-end products and services or in financing this type of activity. The reference fund's investment universe

will not be limited to any particular regionAims to provide long-term capital growth from an international portfolio of investments in companies

predominantly engaged in the design, production or distribution of products and services related to the leisure

time activities of individuals

Invests principally in equity securities of small and medium-sized European companies

Seeks long-term growth of capital by investing primarily in technology-related equity securities of companies

located anywhere in the world and selected for their growth potential






8


35/40

AXA Wealth

Aberdeen Global

Asia Pacific

Equity Fund

AXA WealthAberdeen Global

Emerging Markets

Equity Fund

AXA Wealth

Templeton Global

Smaller

Companies Fund

AXA Wealth

Fidelity ASEAN

Fund

AXA Wealth

Morgan Stanley

EM Europe,

Middle East and

Africa Fund

AXA Wealth

Investec GSF

Global Energy Fund

AXA Wealth

Fidelity Asian

Special Situations

Fund

AXA Wealth

Aberdeen GlobalChinese Equity

Fund

AXA Wealth

Invesco Asia

Infrastructure

Fund

AXA Wealth

Morgan Stanley

Asian Property

Fund

4.16

4.17

4.18

4.19

4.20

4.21

4.22

4.23

4.24

4.25

USD

USD

USD

USD

EUR

USD

USD

USD

USD

USD

1.75%

1.75%

1.00%

1.50%

1.60%

1.50%

1.50%

1.75%

1.50%

1.40%

Aberdeen Global

Services S.A.

Aberdeen GlobalServices S.A.

Franklin Templeton

Investments

FIL Limited

Morgan Stanley

Investment

Management

Limited

Investec Global

Strategy Fund

FIL Limited

Aberdeen Global

Services S.A.

Invesco

Management S.A.

Morgan Stanley

Investment

Management

Limited

Aberdeen Global -

Asia Pacific

Equity Fund

Aberdeen Global -Emerging Markets

Equity Fund

Franklin Templeton

Investment Funds

- Templeton

Global Smaller

Companies Fund

Fidelity Funds -

ASEAN Fund

Morgan Stanley

Investment Funds

Emerging Europe,

Middle East and

Africa Equity Fund

Investec Global

Strategy Fund -

Global Energy

Fund

Fidelity Funds -

Asian Special

Situations Fund

Aberdeen Global -

Chinese EquityFund

Invesco Funds -

Invesco Asia

Infrastructure

Fund

Morgan Stanley

Investment Funds

Asian Property

Fund

Achieves long-term total return by investing at least two-thirds of the reference fund's assets in equities and

equity-related securities of companies with their registered office in Asia Pacific countries (excluding Japan);

and/or, of companies which have the preponderance of their business activities in Asia Pacific countries

(excluding Japan); and/or, of holding companies that have the preponderance of their assets in companies with

their registered office in Asia Pacific countries (excluding Japan)

Achieves long-term total return by investing at least two-thirds of the reference fund's assets in equities andequity-related securities of companies with their registered office in an emerging market country; and/or, of

companies which have the preponderance of their business activities in an emerging market country; and/or, of

holding companies that have the preponderance of their assets in companies with their registered office in an

emerging market country

Achieves long-term capital appreciation by investing in equity and debt obligations of smaller companies

throughout the world, including emerging markets. The reference fund invests principally in common stocks

Invests principally in equity securities quoted on stock exchanges in Singapore, Malaysia, Thailand,

Philippines, Indonesia

Seeks long-term capital appreciation, measured in Euro, by investing primarily in equity securities of issuers in

Central, Eastern and Southern Europe (including the Russian Federation), the Middle East and Africa

Achieves capital growth by investing in the equity instruments of internationally quoted companies throughout

the world involved in the exploration, production or distribution of oil, gas and other energy sources. In addition,

investments may also be made in companies which service the energy industry

Invests principally in special situations stocks and smaller growth companies in Asia, excluding Japan. Special

situations stocks generally have valuations which are attractive in relation to net assets or earnings potential

with additional factors which may have a positive influence on the share price. Up to 25% of the portfolio can

consist of investments other than special situations stocks and smaller growth companies

Achieves long-term total return by investing at least two-thirds of the reference fund's assets in equities and

equity-related securities of companies with their registered office in China; and/or, of companies which have thepreponderance of their business activities in China; and/or, of holding companies that have the preponderance

of their assets in companies with their registered office in China

Aims to achieve long-term capital growth from investments in a diversified portfolio of Asian securities of issuers

which are predominantly engaged in infrastructure activities

Seeks long-term capital appreciation, measured in US Dollars, through investment in the equity securities of

companies in the real estate industry located throughout Asia and Oceania






9


36/40

AXA Wealth Fidelity

Thailand Fund

AXA Wealth BNP

Paribas Equity

World Materials

Fund

AXA Wealth

Schroder ISF

Hong Kong Equity

Fund

AXA Wealth

Schroder ISF

Greater China

Fund

AXA Wealth

Fidelity South

East Asia Fund

AXA Wealth

Fidelity Taiwan

Fund

AXA Wealth

BlackRock New

Energy Fund

AXA Wealth Pictet

Clean Energy

Fund

AXA Wealth

Fidelity ChinaFocus Fund

AXA Wealth

Templeton

Frontier Markets

Fund

4.26

4.27

4.28

4.29

4.30

4.31

4.32

4.33

4.34

4.35

USD

EUR

HKD

USD

USD

USD

USD

USD

USD

USD

1.50%

1.50%

1.50%

1.50%

1.50%

1.50%

1.75%

1.60%

1.50%

1.60%

FIL Limited

BNP Paribas

Investment

Partners

Luxembourg

Schroder

Investment

Management

(Luxembourg) S.A.

Schroder

Investment

Management

(Luxembourg) S.A.

FIL Limited

FIL Limited

BlackRock

(Luxembourg) S.A.

Pictet Funds

(Europe) S.A.

FIL Limited

Franklin Templeton

Investments

Fidelity Funds -

Thailand Fund

BNP Paribas L1

Equity World

Materials

Schroder

International

Selection Fund -

Hong Kong Equity

Schroder

International

Selection Fund -

Greater China

Fidelity Funds -

South East Asia

Fund

Fidelity Funds -

Taiwan Fund

BlackRock Global

Funds - New

Energy Fund

Pictet - Clean

Energy

Fidelity Funds -

China Focus Fund

Franklin

Templeton

Investment Funds

- Templeton

Frontier Markets

Fund

Invests principally in equity securities quoted on the stock exchange in Thailand

Invests at least 2/3 of its assets in shares or other securities of companies that conduct the majority of their

business activities in the materials sector (e.g. among others, in building and packaging materials, base

chemicals, metals, forestry, paper etc.) and related or connected sectors, as well as in derivative financial

instruments on this type of asset


securities, money market instruments, derivative financial instruments or cash, provided that the investments in

debt securities of any kind do not exceed 15% of its assets and up to 10% of its assets in other UCITs or UCIs

Provides capital growth primarily through investment in equity securities of Hong Kong SAR companies

Provides capital growth primarily through investment in equity securities of the People's Republic of China,

Hong Kong SAR and Taiwan companies

Invests principally in equity securities quoted on stock exchanges in the Pacific Basin excluding Japan. The

reference fund may invest up to 10% of its net assets in China A Shares

Invests principally in Taiwanese equities

Seeks to maximize total return. The reference fund invests globally at least 70% of its total assets in the equity

securities of new energy companies. New energy companies are those which are engaged in alternative energy

and energy technologies including renewable energy, alternative fuels, automotive and on-site power generation,

materials technology, energy storage and enabling energy technologies

Applies a capital growth strategy by investing at least two-thirds of its total assets or wealth in shares issued by

companies that contribute to the reduction of carbon emissions (by encouraging the production and use of clean

energy, for example). The investment universe is not limited to a specific geographic region

Primarily focuses on China through investment in securities of Chinese companies listed in China and Hong

Kong, as well as securities in non-Chinese companies which have a significant portion of their activities inChina. The reference fund may invest up to 10% of its net assets in China A Shares

Provides long-term capital appreciation. The reference fund invests principally in transferable equity securities

of companies incorporated in the Frontier Markets countries, and/or which have their principal business

activities in Frontier Markets countries across the market capitalisation spectrum. The Frontier Markets

countries are smaller, less developed and less accessible Emerging Markets countries, but with "investable"

equity markets and include those defined as Frontier Markets by the International Finance Corporation as well

as included in Frontier Markets related indices (including but not limited to

swiss smart

Documents