Fact sheet: AXA Global High Income

Fund information
Fund name
AXA Global High Income Z Acc
Fund manager company
AXA IM UK
Fund type
OEIC
Fund managers
  • James Gledhillsince 01/08/2012
Fund objective
The aim of the Fund is to provide long-term high income combined with any capital growth.
Benchmark
  • BofA Merrill Lynch Global High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7.8%
1 Year rank in sector
8/22
Sector
UT Sterling High Yield
Yield
6.8%
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.
0.53%
Fund size
£88m (£123m 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.
35
Mid price
183.3
Top in this sector
Fund name1 Year
Fidelity Global High Yield12.4%
L&G High Income Trust10.8%
Newton Global Hi Yield Bd10.8%
Investec MonthlyHiInc10%
JPM Global High Yield Bond9.6%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • International103.3%
    Money Market-3.3%
  • B43.9%
    CCC27.8%
    BB23%
    CC1.9%
    BBB1.7%
  • Global Corporate Fixed Interest103.3%
    Money Market-3.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%1.8%5.9%7.8%7.2%33.8%
Sector0.4%0.1%4.3%7.1%10.8%39.4%
Rank within sector2 / 223 / 224 / 228 / 2219 / 2116 / 19
Quartile1st1st1st2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund10.9%-4.9%1%7.9%15.2%
Sector8.5%-0.3%1.8%6.2%18.4%
Rank within sector6 / 2219 / 2217 / 2110 / 2016 / 19
Quartile2nd4th4th2nd4th
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.
-1.43
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.
1.18
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
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%.
5.55
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.
1.97
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.
-0.47
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.
0.9
Price movement
52 week high183.3
52 week low156.4
Current bid price-
Current offer price-
Current mid price183.3
Region
1International103.26%
2Money Market-3.26%
Industry sector
1B43.87%
2CCC27.8%
3BB23.02%
4CC1.89%
5BBB1.65%
6Non-Rated1.57%
7A0.2%
Asset type
1Global Corporate Fixed Interest103.26%
2Money Market-3.26%
Individual holdings
1CAPSUGEL SA 7% BDS 15/05/19 USD10001%
2COLUMBUS INTL INC 7.38% BDS 30/03/21 USD200000144A1%
3 T MOBILE USA INC COMPANY GUAR 04/20 6.5420.9%
4DEMATIC SA / DH SERV LUX COMPANY GUAR 144A 12/20 70.9%
5JBS INVESTMENTS GMBH 10/20 7.750.9%
6NUFARM 6.375% BDS 15/10/19 USD1000 144A0.9%
7RAYONIER AM PRODUCTS INC 5.50% 01/06/20240.9%
8STEARNS LENDING INC 9.38% 15/08/20200.9%
9ZIGGO SECURED FINANCE BV 5.5% 15/01/20270.9%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA IM UK
Fund type
OEIC
Fund objective
The aim of the Fund is to provide long-term high income combined with any capital growth.
Benchmark
  • BofA Merrill Lynch Global High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Gledhill01/08/2012James joined AXA IM in June 2011 as Global Head of High Yield and Deputy Head of Credit. Based in London and Greenwich, he has close to 20 years of industry experience covering both High Yield and Investment Grade credit. Prior to joining AXA IM, James spent 10 years at New Star / Henderson New Star. During his time there he managed the Monthly Income range of retail bond funds, and launched and managed the range of High Yield funds, growing the High Yield business from nil to circa £3bn in a competitive retail environment. He was appointed Head of Fixed income at New Star in 2007. Between 1992 and 2001 he worked for M&G and Prudential M&G, where he launched and managed the flagship M&G High Yield fund. He was also responsible for the M&G Corporate Bond Fund, which became one of the three dominant funds in the developing investment grade retail bond / PEP market, before concentrating exclusively on High Yield. James holds a degree from Oxford University and is an associate of the Institute of Investment Management & Research.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Global High Income H Acc
Initial charge5%
Annual charge-
Min single investment£20,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.03%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price180
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAZW2
AXA Global High Income H Gr Acc
Initial charge5%
Annual charge-
Min single investment£20,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.03%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price208.1
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAZW1
AXA Global High Income R Acc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price206.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAJ93
AXA Global High Income R Gr Acc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price202.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQU33
AXA Global High Income R Gr Inc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price94.49
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQU34
AXA Global High Income R Inc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price83.59
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAJ94
AXA Global High Income Z Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price183.3
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQU98
AXA Global High Income Z Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price197.8
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAZV9
AXA Global High Income Z Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price100.3
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAZW0
AXA Global High Income Z Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price93.79
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQU32
Data provided by

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