# Additional Appendix
## Remuneration policy (continued)
Fixed Pay 2 ('000 EUR)86.44
Variable Pay 3 ('000 EUR)96.36
Number of employees 4	2,516 incl. 13 AFM’s employees
1 Excluding social charges.
2 Fixed Pay amount is based on Fixed Pay effective for all staff at AXA IM during the financial year under review prorated to the Fund’s assets.
3 Variable Pay, prorated to the Fund’s assets, composed of discretionary, upfront and deferred items, includes :
- Amounts awarded for the performance of previous the previous year and fully paid over the financial year under review (non-deferred variable pay);
- Amounts awarded for the performance of previous years and the performance of the year under review (deferred variable pay);
- Long-Term Incentives awarded by the AXA Group.

4 Number of employees includes Permanent and Temporary contracts excluding internship as at 31 December 2020.
| Aggregate amount of remuneration paid and / or awarded to risk takers and senior management whose activities have a significant impact on the risk profile of portfolios, prorated to the Fund’s assets 1 |
| --- |
|  | Risk Takers | Senior Management | Total |

Fixed Pay and Variable Pay ('000 EUR) 2 3	39.51	36.5376.04
Number of employees 4	224 incl. 2 AFM’s employees
88 incl. 2 AFM’s employees	312 incl. 4 AFM’s employees
1 Excluding social charges.
2 Fixed Pay amount is based on Fixed Pay effective for all staff at AXA IM during the financial year under review prorated to the Fund’s assets.
3 Variable Pay, prorated to the Fund’s assets, composed of discretionary, upfront and deferred items, includes :
- Amounts awarded for the performance of the previous year and fully paid over the financial year under review (non-deferred variable pay);
- Amounts awarded for the performance of previous years and the performance of the year under review (deferred variable pay);
- Long-Term Incentives awarded by the AXA Group.

4 Number of identified employees within AXA IM Group level and AXA Funds Management SA as at 31 December 2020.

Translation (ENFR, 2021-06-30):
# Annexe complémentaire
## Frais de transaction
Les frais de transaction présentés dans l’état des opérations et des variations des actifs nets correspondent à la somme des frais du dépositaire pour mouvements de trésorerie, des frais de l’agent administratif sur les opérations de change et des frais de règlement du Dépositaire.
|  |  | Frais de |  |
| --- | --- | --- | --- |
| Frais du | l'Agent |  |  |  | Frais de |  |  |
| Dépositaire | administratif |  |  |  | règlement de |  | Autres |
|  |  | Commission | pour | sur | Frais de |  |  | State Street |  | éléments |
|  | Commissions | d'exécution | mouvements | les opérations | règlement du | Droit | Autres taxes de | Bank annulés |  | des Frais de |
|  | de courtage | du courtier | de trésorerie | de change* | Dépositaire* | de timbre | transaction | par swing | Total | transaction |
| AXA World Funds II - | - | - | 1,580 | - | 3,751 | - | - | - | 5,331 | - |
| Evolving Trends Equities |  |  |  |  |  |  |  |  |  |  |
| AXA World Funds II - | 15,040 | 142 | 15,625 | - | 4,695 | 1 | 632 | - | 36,135 | 15,815 |
| North American Equities |  |  |  |  |  |  |  |  |  |  |
| AXA World Funds II - | - | - | 10,603 | - | 7,786 | - | - | - | 18,389 | - |
| European Opportunities |  |  |  |  |  |  |  |  |  |  |
| Equities |  |  |  |  |  |  |  |  |  |  |


## Informations sur les risques liés à la circulaire 11/512 de la CSSF
L’exposition globale est calculée en utilisant la méthode par les engagements pour tous les compartiments.

Ces frais sont mentionnés sous le poste « Frais de transaction » de l’état des opérations et des variations des actifs nets.

Les « Autres éléments des Frais de transaction » ne sont pas inclus sous le poste « Frais de transaction » de l’état des opérations et des variations des actifs nets. Ils figurent dans les postes « Variation nette des plus/(moins)-values non réalisées sur investissements » et « Plus/(moins)-values réalisées nettes sur cessions d’investissements » dans l’état des opérations et des variations des actifs nets.