Fact sheet: AXA Framlington Mgd Inc

Fund information
Fund name
AXA Framlington Managed Income Z Acc
Fund manager company
AXA IM UK
Fund type
Unit Trust
Fund managers
  • George Luckraftsince 08/09/2002
Fund objective
To generate a high level of income with capital growth. Investment will be principally in convertible securities, corporate bonds and other fixed income securities (including government securities) of predominantly, but not exclusively, UK issuers. Investment will be in convertible and fixed interest securities which, in the Manager’s opinion, have yield and value characteristics which create attractive total return potential. The Manager may also invest, to a limited extent, in ordinary shares.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
13.1%
1 Year rank in sector
4/77
Sector
UT Sterling Strategic Bond
Yield
4.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.6%
Fund size
£314m (£288m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
25
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc19.6%
Legg Mason IFBrwiGlInOp13.5%
Fidelity UK Inv Grd Lg Cr13.1%
AXA Framlington Mgd Inc13.1%
Fidelity I Stg Cr + Bd12.9%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK92.3%
    Money Market4.2%
    International3.5%
  • No data available.
  • Global Corporate Fixed Interest72.8%
    UK Equities13.2%
    UK Gilts4.3%
    Money Market4.2%
    International Equities2.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%2.2%7.4%13.1%20%56.8%
Sector1.3%-0%1.1%7.4%13.1%30.9%
Rank within sector15 / 832 / 821 / 824 / 7710 / 722 / 61
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.9%11.1%0.4%7.7%11%
Sector0.2%7.3%-0.3%6.8%2.6%
Rank within sector8 / 837 / 7727 / 7429 / 722 / 64
Quartile1st1st2nd2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.99
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.66
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.24
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.6
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.72
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.62
Price movement
52 week high148.4
52 week low127.7
Current bid price-
Current offer price-
Current mid price148.6
Region
1UK92.32%
2Money Market4.17%
3International3.52%
Industry sector
No data available.
Asset type
1Global Corporate Fixed Interest72.79%
2UK Equities13.23%
3UK Gilts4.33%
4Money Market4.17%
5International Equities2.89%
6Global Government Fixed Interest1.97%
7Others0.63%
Individual holdings
1UNITED KINGDOM GILT 8.75% 25 AUG 20174.3%
2AA BOND CO LTD 5.5% 31 JUL 20222.1%
3PREMIER FOODS PLC 6.5% BDS 15/03/21 GBP100000144A2.1%
4RIO TINTO FINANCE PLC 4% NTS 11/12/29 GBP1000002.1%
5LADBROKES GROUP FINANCE 5.125% BDS 16/09/22 GBP1002%
6AVANTI COMMUNICATIONS GROUP PLC 10% 1 OCT 20191.9%
7DEBENHAMS PLC 5.25% BDS 15/07/21 GBP1000001.9%
8OLD MUTUAL PLC VAR PERP1.9%
9HSBC BK CAP FUNDING STERLING 2 VAR PERP1.8%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA IM UK
Fund type
Unit Trust
Fund objective
To generate a high level of income with capital growth. Investment will be principally in convertible securities, corporate bonds and other fixed income securities (including government securities) of predominantly, but not exclusively, UK issuers. Investment will be in convertible and fixed interest securities which, in the Manager’s opinion, have yield and value characteristics which create attractive total return potential. The Manager may also invest, to a limited extent, in ordinary shares.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
George Luckraft08/09/2002George joined AXA Investment Managers in 2002 and is the lead fund manager for the AXA Framlington Equity Income, AXA Framlington Managed Income and AXA Framlington Monthly Income Funds. Previously he worked for Carrington Pembroke (subsequently ABN AMRO and now Artemis Unit Trust Managers) where he was Head of UK Equities. George graduated from Cambridge with a degree in Engineering and Land Economy in 1980.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Framlington Managed Income R Acc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price934.5
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFR08
AXA Framlington Managed Income R Gr Acc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price158.1
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03TN
AXA Framlington Managed Income R Gr Inc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price112.5
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code03TO
AXA Framlington Managed Income R Inc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price141.8
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFR07
AXA Framlington Managed Income Z Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price148.6
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11VN
AXA Framlington Managed Income Z Gross Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price157.3
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11VO
AXA Framlington Managed Income Z Gross Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11VQ
AXA Framlington Managed Income Z Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price119
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11VP
Data provided by

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