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investment products keep track of your investments a guide to your monthly statement

AXA Financial, Inc. AXA Financial, Inc. is a premier financial services organization. The AXA brand is represented in the United States by: AXA Equitable Life Insurance Company AXA Advisors, LLC AXA Distributors, LLC AllianceBernstein L.P. AXA Financial offers financial services and products to individuals and businesses. AXA Financial is a member of the global AXA Group, which had. trillion Euros in assets under management as of 6/0/. AXA Financial s family of brands and affiliates provides a comprehensive selection of financial products and services. AXA Advisors, LLC is proud to offer the wide-ranging products and services of LPL Financial. LPL Financial is one of the nation s leading financial services companies and a leading independent broker/dealer. With headquarters in Boston, San Diego and Charlotte, LPL Financial provides premier service and support to financial advisors nationwide. AXA Advisors, LLC, member FINRA/SIPC, serves as the introducing broker/dealer and LPL Financial, member FINRA/SIPC, serves as the clearing broker/dealer for brokerage accounts. AXA Advisors, LLC serves as an investment advisor and LPL Financial serves as the principal sponsor, an investment advisor and the broker/ dealer for the LPL Financial investment advisory programs offered through AXA Advisors Financial Professionals. AXA Advisors and its Financial Professionals are unaffiliated with LPL Financial. Additional investment advisory programs are offered through third-party program sponsors that are unaffiliated with AXA Advisors and LPL Financial. AXA Advisors serves as an investment advisor in referring clients to these programs and the third party serves as the principal sponsor and an investment advisor. These programs may clear through or retain broker/dealers other than AXA Advisors or LPL Financial and are unaffiliated with either party. AXA Equitable Life Insurance Company (AXA Equitable) New York, NY, is an affiliate of AXA Advisors, LLC. AXA Group refers to AXA, a French holding company for an international group of insurance and financial services companies, together with its direct and indirect consolidated subsidiaries. Figure is $.6 trillion using 6/0/ closing exchange rate of Euro = $.69. AXA Group is based in France, where the official currency is the Euro.

Your monthly statement from AXA Advisors is designed to provide a clear, comprehensive view of your investments. A summary of key information is presented first on your statement. Total values and important changes are highlighted up front, followed by supporting details. Charts and graphs help you understand your information at a glance. Explanations and disclosures are written in plain, understandable language. If you have any questions, your Financial Professional s phone number and contact information are shown on page of your statement.

Consolidated Portfolio Summary The Consolidated Portfolio Summary provides a high-level view of all your accounts. If you have more than one account, but receive separate statements, you won t see this summary. Ask your Financial Professional to set up a combined statement for your accounts. The total value of the holdings in your portfolio, including outside investments linked to your accounts. A list of the accounts included in your portfolio. Any outside investments linked to your accounts. Value at the beginning of the period. 5 A snapshot of any changes that have occurred during the period: additions, withdrawals and other changes, and increase or decrease in market value. 6 Value of your investments at the end of the period. 7 Previous year-end value of your investments, for comparison. 8 The allocation of the investments in your portfolio displayed by investment type in a table and pie chart. 5 6 8 7 The examples shown are merely an illustration and do not represent an actual statement.

Investment Account Summary The first page of the account statement gives you a high-level view of your account and any changes in value that have occurred during the period. The format of the account-level summary is similar to that of the Consolidated Portfolio Summary, so they are easy to reconcile. The following pages Account Holdings, Account Activity, and Account Detail supply the details behind the numbers found in your account summary. Account nickname if your Financial Professional has assigned one. Like the Consolidated Portfolio Summary, this table shows the drivers of the change in market value for the period. Your current investment objective for this account is shown. Previous year-end value of the account, for comparison. 5 5 Investments held outside AXA Advisors can be linked to your account by your Financial Professional. Information about them will be provided, to the extent it is made available to us by the firm holding the investments. 6 Estimate of annual income and accrued interest as of the end of the statement period, if applicable. 7 7 The percentage of the assets in your account by investment type is shown in the table and visualized in a pie chart so it can be grasped quickly. 6 The examples shown are merely an illustration and do not represent an actual statement.

Account Holdings Your account holdings are grouped by investment type, and the value of each security on the last day of the month is displayed. The investment types correspond to those shown in the investment allocation and pie chart in your account-level summary. Excess cash swept into a Money Market Fund or Insured Cash Account is displayed separately. The banks holding your Insured Cash Account deposits are also shown, along with interest paid and a blended interest rate. Totals for each asset type are provided for a clear view of your investment mix. If cost basis is activated by your Financial Professional and the information is available to AXA Advisors, unit cost, cost basis, purchase cost and unrealized gain or loss will appear. N/A or is displayed when data are missing or incomplete and treated as zero when calculating totals. Investments Held Outside LPL Financial If you hold mutual funds, annuities, and/or alternative investments outside LPL Financial and your Financial Professional has linked them to your account, details about these holdings will be displayed separately. The examples shown are merely an illustration and do not represent an actual statement.

Account Activity The transactions and other activities that have occurred in your account during the month are summarized by type at the beginning of the section. The details of each activity type are displayed in a separate table. If there is no activity of a particular type during the month, that table does not appear. The Account Activity Summary helps you monitor activities by type, over time. Columns in the activity tables are consistently arranged for ease of navigation. A total is provided for each type and corresponds to the figure presented in the summary above. Dividends, Interest and Capital Gains are broken out by type and arranged chronologically. The examples shown are merely an illustration and do not represent an actual statement.

Account Detail This section includes information that may or may not appear, depending on the type of account you have, activities that have occurred during the statement period, and the options your Financial Professional has selected. Year-to-date gains and losses categorized as short- or long-term are displayed when you have liquidated positions from your account (if cost basis has been activated). The total of your net gains and losses is calculated for you, and cost basis information is provided, if it is available. If you have a Premier Plus account, details of your check and debit card transactions will appear. The check number and payee will appear, and you can assign many of these transactions to specific categories for ease of reference. 5 The examples shown are merely an illustration and do not represent an actual statement.

When you work with an AXA Advisors Financial Professional, you can expect: Your needs to come first Your Financial Professional will engage you in an ongoing conversation about your needs, goals and objectives to help you create the financial strategy that is right for you. Professional guidance With access to independent research, your Financial Professional can help you make informed decisions. Investment choice and flexibility Your Financial Professional can help you choose investment strategies from many of the nation s leading investment managers. Convenient account access You can manage your account online anytime, day or night, from Account Access through www.axa-equitable.com. In addition, easy-to-read account statements keep you informed on all account activity performance. AXA Advisors, LLC, member FINRA/SIPC, serves as the introducing broker/dealer and LPL Financial, member FINRA/SIPC, serves as the clearing broker/dealer for brokerage accounts. AXA Advisors, LLC serves as an investment advisor and LPL Financial serves as the principal sponsor, an investment advisor and the broker/dealer for the LPL Financial investment advisory programs offered through AXA Advisors financial professionals. AXA Advisors financial professionals offer investment advisory products and services through AXA Advisors, LLC, an investment advisor registered with the SEC. AXA Advisors and its financial professionals are unaffiliated with LPL Financial. Additional investment advisory programs are offered through third-party program sponsors that are unaffiliated with AXA Advisors and LPL Financial. AXA Advisors serves as an investment advisor in referring clients to these programs, and the third party serves as the principal sponsor and an investment advisor. These programs may clear through or retain broker/dealers other than AXA Advisors or LPL Financial and are unaffiliated with either party. AXA Advisors, LLC does not provide legal or tax advice. Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor. 05 LPL Financial, registered investment advisor and member FINRA, SIPC. All rights reserved. 90 Avenue of the Americas, New York, NY 00, () 55- GE-00676 (/5) (Exp. /7) G89