Fact sheet: AXA Pan Eurpn HiYldBd

Fund information
Fund name
AXA Pan European High Yield Bond Z Acc
Fund manager company
AXA IM UK
Fund type
Unit Trust
Fund managers
  • James Gledhillsince 01/08/2012
Fund objective
To generate a high level of income, payable monthly into a UK bank or building society account, by investing primarily into the AXA World Funds-European High Yield Bonds. The Fund may also invest in cash and near cash and may use derivatives only for the purposes of hedging.
Benchmark
  • BofA Merrill Lynch European High Yield BB-B Rated Index (gross of fees)
Investment style
High Yield
Investment method
Fixed Interest, Feeder fund
Quick stats
1 Year return
6.9%
1 Year rank in sector
11/22
Sector
UT Sterling High Yield
Yield
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.
0.78%
Fund size
£27m (£23m 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.
24
Top in this sector
Fund name1 Year
Fidelity Global High Yield13.2%
L&G High Income Trust11.8%
Newton Global Hi Yield Bd11.3%
JPM Global High Yield Bond10.6%
Investec MonthlyHiInc10.4%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • International72.3%
    UK26.3%
    Money Market1.4%
  • Corporate Bonds98.6%
    Money Market1.4%
  • Global Corporate Fixed Interest98.6%
    Money Market1.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.5%3.7%6.9%15.3%54.3%
Sector0.5%0.2%4.3%7.5%11.1%39.5%
Rank within sector9 / 226 / 2214 / 2211 / 224 / 215 / 19
Quartile2nd2nd3rd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.5%3.6%2.8%8.2%24.1%
Sector8.8%-0.3%1.8%6.2%18.4%
Rank within sector14 / 224 / 229 / 217 / 205 / 19
Quartile3rd1st2nd2nd2nd
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.
2.12
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.
0.83
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.
0.3
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
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.
1.71
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.
0.93
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.
0.85
Price movement
52 week high141.5
52 week low126
Current bid price-
Current offer price-
Current mid price141.1
Region
1International72.29%
2UK26.34%
3Money Market1.37%
Industry sector
1Corporate Bonds98.63%
2Money Market1.37%
Asset type
1Global Corporate Fixed Interest98.63%
2Money Market1.37%
Individual holdings
1CROWN EUROPEAN HOLDINGS 2.273% 15/05/20251.1%
2NTL INC 6.38% 15/10/20241.1%
3SPCM 2.875% BDS 15/06/23 EUR100000 REG S1.1%
4FIAT CHRYSLER AUTOMOBILE 3.75% 29/03/241%
5LLOYDS BANKING GROUP PLC 7% 26/09/20191%
6TRINSEO MATERIALS OPER SCA/US MATLS 6.375% BDS 01/05/22 EUR1000001%
7CEMEX S.A.B. DE C.V. 4.375% BDS 05/03/23 EUR1000000.9%
8COGNITA FINANCING PLC 7.75% NTS 15/08/21 GBP1000REG S0.9%
9IRON MOUNTAIN EUROPE PLC 6.125% 15/09/20220.9%
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, payable monthly into a UK bank or building society account, by investing primarily into the AXA World Funds-European High Yield Bonds. The Fund may also invest in cash and near cash and may use derivatives only for the purposes of hedging.
Benchmark
  • BofA Merrill Lynch European High Yield BB-B Rated Index (gross of fees)
Investment style
High Yield
Investment method
Fixed Interest, Feeder fund
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 Pan European High Yield Bond R Acc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price98.58
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFR20
AXA Pan European High Yield Bond R Gr Acc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price150.1
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03TP
AXA Pan European High Yield Bond R Gr Inc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.4
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code03TQ
AXA Pan European High Yield Bond R Inc
Initial charge5.25%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price32.21
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFR25
AXA Pan European High Yield Bond Z Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price141.1
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11VT
AXA Pan European High Yield Bond Z Gross Acc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price149.7
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code11VU
AXA Pan European High Yield Bond Z Gross Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.8
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11VW
AXA Pan European High Yield Bond Z Inc
Initial charge-
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price112.7
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11VV
Data provided by

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