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
13.4%
1 Year rank in sector
3/23
Sector
UT Sterling High Yield
Yield
5.7%
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.
0.54%
Fund size
£96m (£98m 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.
36
Mid price
189.9
Top in this sector
Fund name1 Year
Fidelity Global High Yield15.7%
L&G High Income Trust14.3%
AXA Global High Income13.4%
Schroder Hi Yield Opps12.9%
Newton Global Hi Yield Bd12%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • International92%
    UK4.8%
    Money Market3.2%
  • B46%
    CCC22.1%
    BB21.9%
    Money Market3.2%
    CC2.8%
  • Global Corporate Fixed Interest92%
    UK Corporate Fixed Interest4.8%
    Money Market3.2%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%2.2%5.4%13.4%8%30.2%
Sector-0.4%1.6%3.2%10.1%10.9%31.8%
Rank within sector12 / 234 / 231 / 233 / 2319 / 2215 / 21
Quartile3rd1st1st1st4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.1%12.5%-4.9%1%7.9%
Sector1.4%9.9%-0.3%1.8%6.2%
Rank within sector4 / 235 / 2320 / 2318 / 2211 / 21
Quartile1st1st4th4th3rd
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.
-1.24
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.
1.2
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%.
5.69
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.
2.01
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.
-0.3
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 high191.9
52 week low166.3
Current bid price-
Current offer price-
Current mid price189.9
Region
1International91.95%
2UK4.82%
3Money Market3.23%
Industry sector
1B45.99%
2CCC22.11%
3BB21.92%
4Money Market3.23%
5CC2.83%
6BBB1.74%
7Non-Rated1.45%
8D0.55%
9A0.19%
Asset type
1Global Corporate Fixed Interest91.95%
2UK Corporate Fixed Interest4.82%
3Money Market3.23%
Individual holdings
1SPEEDY GROUP HOLDINGS CORP 12% BDS 15/11/17 USD1000 144A1.2%
2CAPSUGEL SA 7% BDS 15/05/19 USD10000.9%
3COLUMBUS INTL INC 7.38% BDS 30/03/21 USD200000144A0.9%
4SPRINT CAPITAL CORP 8.75% BDS 15/3/32 USD1000`144A`0.9%
5CEQUEL COMMUNICATIONS HLG I/CAP CRP 6.375% BDS 15/09/20 USD1000 144A0.8%
6NUFARM 6.375% BDS 15/10/19 USD1000 144A0.8%
7RAYONIER AM PRODUCTS INC 5.5% BDS 01/06/24 USD10000.8%
8SPRINT CORP 7.875% BDS 15/09/23 USD2000 144A0.8%
9STEARNS HOLDINGS INC 9.375 15/08/200.8%
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 and has over 22 years’ investment experience. He joined AXA IM from Henderson New Star, where he spent 10 years. During his time there he successfully launched and built their retail fixed income business (from nil to circa £3bn in assets in a competitive retail environment), and was appointed Head of Fixed Income in 2007. Between 1992 and 2001, he worked for M&G and Prudential M&G, managing flagship High Yield and Corporate Bond Funds. He holds a degree from Oxford University.
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)0.04%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price186.8
CurrencyGBX
Price updated23/03/2017
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)0.04%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price216
CurrencyGBX
Price updated23/03/2017
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)1.29%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price213.3
CurrencyGBX
Price updated23/03/2017
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)1.29%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price209.3
CurrencyGBX
Price updated23/03/2017
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)1.29%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price96.36
CurrencyGBX
Price updated23/03/2017
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)1.29%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price85.43
CurrencyGBX
Price updated23/03/2017
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)0.54%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price189.9
CurrencyGBX
Price updated23/03/2017
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)0.54%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price205.1
CurrencyGBX
Price updated23/03/2017
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)0.54%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price102.3
CurrencyGBX
Price updated23/03/2017
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)0.54%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price95.92
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQU32
Data provided by

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