Illustrative asset allocations of the passive funds. The pie charts below show how many different asset classes and geographic regions the passive funds could be diversified across. These charts are illustrative and aim to give you an example of what the funds may look like. AXA is a worldwide leader in financial protection and wealth management. Architas operates three legal entities in the UK: Architas Multi-Manager Limited (AMML), Architas Advisory Services Limited (AASL) and Architas Limited. Both AMML and AASL are owned by Architas Limited, which is 100% owned by AXA SA (a company registered in France). Sheldon co-manages Architas Multi-Asset Blended, Architas Multi-Asset Passive and Elite Fund ranges, as well as the Architas Global Equity Income fund. He oversees fund selection and manages the products’ asset allocation and investment strategies. He also leads fund manager research on global equity, UK multi-asset and money market strategies.

Architas MA Passive Reserve Fund Factsheet Each fund can invest entirely in units of collective investment schemes. Source: State Street Bank International GmbH Paris Branch. The Fund performance figures take into account the annual management charges, but not the initial charges that would be payable. Architas MA Passive Reserve Fund Factsheet The fund is permitted to invest over 35% of its assets in securities issued by a single local, national or supra national government. Each fund can invest entirely in units of collective investment schemes. Source: State Street Banque SA. The Sheldon MacDonald, CFA, is deputy CIO at Architas based in London. He joined the firm in 2010 and prior to this he was a fund of funds manager at Nedgroup Investments. With 22 years of investment experience, he has a BComm in Financial Accounting and Economics, is a CFA Charterholder and holds the IMC.