# Additional Appendix
## Securities Financing Transactions Regulation Foreword
The SICAV may lend positions of its securities portfolio to third parties through different techniques whereas:
- Bilateral should be understood as trading executed directly with the counterparty and the collateral, managed by AXA Investment Managers GS Limited, is safe-kept at State Street Luxembourg S.C.A..
- Triparty should be understood as trading executed directly with the counterparty and collateral managed by a triparty agent who manages and safe-keep the collateral.
- CCP should be understood as Central Counterparties Clearing House.


### Data on cost and return
The return from securities lending transactions is split between the relevant Fund and the agent lender. The Funds receive 65% while the agent lender receive 35% of the income, with all operational costs supported by the agent lender. The income earned by the Funds from securities lending transactions is disclosed in the stock lending note (note 9).

### Eligible collateral
Collateral received by a Sub-Fund may be used to reduce its counterparty risk exposure with a counterparty if it complies with the criteria listed in circulars issued by the CSSF from time to time in terms of liquidity, valuation, issuer credit quality, correlation, risks linked to the management of collateral and enforceability. In particular, collateral should comply with the following conditions:
- Any collateral received other than cash should be of high quality, highly liquid and traded on a regulated market or multilateral trading facility with transparent pricing in order that it can be sold quickly at a price that is close to pre-sale valuation.
- It should be valued on a daily basis on a mark-to-market price basis and assets that exhibit high price volatility should not be accepted as collateral unless suitably conservative haircuts are in place. Margin calls will be implemented in accordance with the terms negotiated in the collateral arrangements.
- It should be issued by an entity that is independent from the counterparty and is expected not to display a high correlation with the performance of the counterparty.
- It should be sufficiently diversified in terms of country, markets and issuers and shall not entail on an aggregate basis an exposure to a given issuer for more than 20% of its Net Asset Value. By way of derogation, a Sub-Fund may be fully collateralised in different Transferable Securities or Money Market Instruments issued or guaranteed by any of the Member States, one or more of their local authorities, a third party sovereign country such as Canada, Japan, Norway , Switzerland and the United States of America, or any public international body to which one or more Member State(s) belong(s) such as the European Investment Bank, provided that it receives such securities from at least six different issues and that securities from any single issue should not account for more than 30% of such Sub-Fund’s Net Asset Value. The collateral shall further comply with the limits set forth above under section “b) Limitations on Control”.

Translation (ENDE, 2018-06-30):
# Zusätzlicher Anhang
## Kostenquoten
| AXA World Funds II - Global Equities (Erläuterung 1b) |
| --- |
| A Thesaurierend USD | 1.67% | 1.93% |
| A Ausschüttend USD | 1.67% | 1.93% |
| I Ausschüttend USD | 1.63% | 1.89% |
| AXA World Funds II - North American Equities |
| A Thesaurierend USD | 1.68% | 1.69% |
| A Ausschüttend USD | 1.68% | 1.69% |
| I Thesaurierend USD | 1.64% | 1.65% |
| I Ausschüttend USD | 1.64% | 1.65% |
| AXA World Funds II - European Opportunities Equities |
| A Ausschüttend EUR | 1.67% | 1.81% |
| I Ausschüttend EUR | 1.63% | 1.77% |
| AXA World Funds II - Asia Select Income (Erläuterung 1b) |
| A Thesaurierend JPY | 1.67% | 1.97% |
| A Thesaurierend USD | 1.67% | 1.97% |
| A Ausschüttend JPY | 1.67% | 1.97% |
| A Ausschüttend USD | 1.67% | 1.97% |
| I Ausschüttend JPY | 1.63% | 1.93% |

(1) Die obigen Gesamtkostenquoten stellen, wie im Verkaufsprospekt angegeben, einen gewichteten Durchschnitt der Verwaltungskosten dar, die Anteilinhaber bei Anlagen in den betreffenden Anteilsklassen normalerweise hätten erwarten können. Diese Methode entspricht der gängigen Marktpraxis und gibt die am Markt zu veröffentlichenden Gesamtkostenquoten angemessen wieder.
(2) Die zusammengesetzte Gesamtkostenquote ist die Summe der anteiligen Gesamtkostenquoten der zugrunde liegenden Fonds, die auf Grundlage ihres Anteils am Nettoinventarwert des Fonds am Abschlussstichtag berechnet werden.

## Zusammengesetzte Gesamtkostenquote
AXA World Funds II - Global Equities (Erläuterung 1b)
A Thesaurierend USD	0.26%
A Ausschüttend USD	0.26%
I Ausschüttend USD	0.26%
AXA World Funds II - European Opportunities Equities
A Ausschüttend EUR	0.12%
I Ausschüttend EUR	0.12%
AXA World Funds II - Asia Select Income (Erläuterung 1b)
| A Thesaurierend JPY | 0.30% |
| --- | --- |
| A Thesaurierend USD | 0.30% |
| A Ausschüttend JPY | 0.30% |
| A Ausschüttend USD | 0.30% |
| I Ausschüttend JPY | 0.30% |

(1) Die zusammengesetzte Gesamtkostenquote ist die Summe der anteiligen Gesamtkostenquoten der zugrunde liegenden Fonds, die auf Grundlage ihres Anteils am Nettoinventarwert des Fonds am Abschlussstichtag berechnet werden.