AXA IM expands its fixed income ETF range with US treasuries exposure

AXA IM ICE US Treasury +25Y UCITS ETF: this ETF aims to replicate the performance of the ICE® US Treasury 25+ Year Bond Index, net of management fees, both upwards and downwards. It offers exposure to sovereign debt publicly issued by the US government in its domestic market and denominated in US dollars. With the longest duration available on the market, this ETF offers a unique proposition for investors who desire long-term exposure to fixed income markets.

AXA IM ICE US Treasury 0-1Y UCITS ETF: this ETF aims to replicate the performance of the ICE® BofA 0-1 Year US Treasury Index, net of management fees, both upwards and downwards. It offers exposure to US sovereign debt that matures in under a year and denominated in US dollars. Due to its short maturity, this dynamic building block enables investors to invest their cash in US dollars in the short term.

“US Treasuries are recognised as a safe haven and a core building block for many investors, not least because of their high liquidity. By offering our clients and prospects two ETFs positioned at the extreme ends of the curve, these products complete our range of bond ETFs, providing investors with dynamic products to build their portfolios. In this way, they can easily capture the rise and fall of US interest rates, at a low cost,” commented Olivier Paquier, Global Head of ETF Sales at AXA IM.

The Total Expense Ratio (TER) of each ETF will reach 0,07%¹. It does not take into account any transaction fees charged by intermediaries.

AXA IM ICE US Treasury +25Y UCITS ETF (tickers: ADLU for the accumulation share class and A2DU for the distribution share class) is available in USD and EUR² on Deutsche Boerse – XETRA and in EUR² on Borsa Italiana. It will be listed on SIX Swiss Exchange in USD soon. AXA IM ICE US Treasury 0-1Y UCITS ETF (tickers: A01U for the accumulation share class and A0DU for the distribution share class) will be listed in USD and EUR² on the same stock exchanges and in the same order in a few weeks.

At their respective launches, the ETFs will be available for sale in Austria, Germany, Denmark, Finland, France, Italy (limited to institutional investors until its listing in Italy), Liechtenstein, Luxembourg, Netherlands, Norway, Spain and Sweden.

With $2.87bn of asset under management at end of September 2024, AXA IM’s ETF range is now composed of 13 ETFs including 6 equity and fixed income ETFs exposed to US markets.

The market price of the UCITS ETF might not be identical to its net asset value at any time. The UCITS ETF aims to replicate the performance of the index and its market price can be different from its net asset value and from the net asset value of the index.

Capital at risk. The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.

_{1 ISIN codes of the share classes: ISIN IE000GBYNAU4 (max TER: 0.07%), ISIN IE000WPH0239 (max TER: 0.07%), ISIN IE00087GRUR0 (max TER: 0.07%), ISIN IE000PO34ON2 (max TER: 0.07%). Investment will be reduced by the costs mentioned.}

_{2 Quoted in EUR, share in USD. Transaction exchange rate depends on the currency rate at the time of purchase.}

This press release should not be regarded as an offer, solicitation, invitation or recommendation to subscribe for any investment service or product and is provided for information purposes only. No financial decisions should be made on the basis of information provided.

This press release does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.

Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

The characteristics of AXA IM ICE US Treasury +25Y UCITS ETF and AXA IM ICE US Treasury 0-1Y UCITS ETF do not protect investors from the potential effect of inflation over time. Investments and/or any income received during the period will not be revalued by the rate of inflation over the same period. As a result, the inflation-adjusted rates of return of AXA IM ICE US Treasury +25Y UCITS ETF and AXA IM ICE US Treasury 0-1Y UCITS ETF could be negative. Consequently, inflation could adversely affect the performance and/or value of your investment.

Before making an investment, investors should read the relevant Prospectus and the Key Investor Information Document / scheme documents, which provide full product details including investment charges and risks. The information contained herein is not a substitute for those documents or for professional external advice.

The product or strategy discussed in this document may not be registered nor available in your jurisdiction. Please check the countries of registration with the asset manager, or on the local web sites https://www.axa-im.com/en/ , where the funds and share classes published are filtered according to country of registration and investors’ profile. In particular units of the funds may not be offered, sold or delivered to U.S. Persons within the meaning of Regulation S of the U.S. Securities Act of 1933. The tax treatment relating to the holding, acquisition or disposal of shares or units in the fund depends on each investor’s tax status or treatment and may be subject to change. Any potential investor is strongly encouraged to seek advice from its own tax advisors.

For investors located in the European Union: Please note that the management company reserves the right, at any time, to no longer market the product(s) mentioned in this communication in the European Union by filing a notification to its supervision authority, in accordance with European passport rules. In the event of dissatisfaction with AXA Investment Managers products or services, you have the right to make a complaint, either with the marketer or directly with the management company (more information on AXA IM complaints policy is available in English: https://www.axa-im.com/important-information/comments-and-complaints ). If you reside in one of the European Union countries, you also have the right to take legal or extra-judicial action at any time. The European online dispute resolution platform allows you to submit a complaint form (available at: https://ec.europa.eu/consumers/odr/main/index.cfm?event=main.home.chooseLanguage) and provides you with information on available means of redress (available at: https://ec.europa.eu/consumers/odr/main/?event=main.adr.show2).

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UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.

AXA IM ICE US Treasury +25Y UCITS ETF and AXA IM ICE US Treasury 0-1Y UCITS ETF are a sub-fund of the Irish-domiciled ICAV AXA IM ETF with registered address at 33 Sir John Rogerson’s Quay, Dublin 2, Ireland, and registered with the Central Bank of Ireland under the number C469468. AXA IM ETF ICAV is a collective asset-management vehicle under the European UCITS directive. It is managed by AXA Investment Managers Paris, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6 place de la Pyramide, 92800 Puteaux, registered with the Nanterre Trade and Companies Register under number 353 534 506, and a Portfolio Management Company, holder of AMF approval no. GP 92008, issued on 7 April 1992.

Source ICE Data indices, LLC (“ICE Data”), is used with permission. ICE® is a registered trademark of ice data or its affiliates, and BofA® is a registered trademark of Bank of America Corporation licensed by Bank of America Corporation and its affiliates ("BofA") and may not be used without BofA's prior written approval. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ice data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE Data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend AXA Investment Managers, or any of its products or services.

Issued by AXA Investment Managers Paris – Tour Majunga – 6, place de la Pyramide – 92908 Paris La Défense cedex, France.