Fact sheet: AXA WF Europn Hi Yd Bds

Fund information
Fund name
AXA World Funds European High Yield Bonds A Cap EUR
Fund manager company
AXA Investment Managers
Fund type
Offshore Fund
Fund managers
  • James Gledhillsince 03/10/2012
  • Yves Bergersince 03/10/2012
Fund objective
The objective of the Sub-Fund is to seek to generate a high level of income by investing in European corporate bonds and bonds issued by European governments.
Benchmark
  • BofA Merrill Lynch European Currency High Yield BB-B Rated Hedged EUR
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.7%
1 Year rank in sector
11/25
Sector
FO Fixed Int - Europe
Yield
-
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.
1.47%
Fund size
£88m (£74m 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.
23
Top in this sector
Fund name1 Year
Axiom Obligataire9.9%
Morg Stnly Erpn Cur HiYd Bd8.5%
Henderson HzEurHighYldBd8.3%
Fidelity Inst Eur Hi Yld8%
T. Rowe Price EurHiYdBd7.7%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • UK29.9%
    USA13.4%
    France10.5%
    Luxembourg10.3%
    Italy6.8%
  • Industrials13.2%
    Services12.2%
    Banks9.8%
    Leisure7.8%
    Media7.7%
  • UK Fixed Interest29.9%
    US Fixed Interest13.4%
    French Fixed Interest10.5%
    Luxembourg Fixed Interest10.3%
    Italian Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.9%2.4%6.7%13.6%-
Sector0.5%1%1.4%4.9%10.1%26.9%
Rank within sector19 / 2718 / 2717 / 2711 / 258 / 18-
Quartile3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.2%8.5%3.4%3.2%8.5%
Sector1.2%5.1%1.1%5.2%4.2%
Rank within sector15 / 277 / 253 / 2111 / 177 / 16
Quartile3rd2nd1st3rd2nd
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.
0.36
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.
1.24
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.
0.24
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%.
4.01
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.
2.23
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.
0.5
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.
0.71
Price movement
52 week high132.59
52 week low122.13
Current bid price-
Current offer price-
Current mid price132.81
Region
1UK29.94%
2USA13.36%
3France10.45%
4Luxembourg10.29%
5Italy6.79%
6Netherlands5.56%
7Germany5.26%
8Others5.04%
9Spain4.65%
Industry sector
1Industrials13.15%
2Services12.22%
3Banks9.76%
4Leisure7.75%
5Media7.65%
6Automobiles7.6%
7Telecommunications7.3%
8Capital Goods7.27%
9Financial Services6.07%
Asset type
1UK Fixed Interest29.94%
2US Fixed Interest13.36%
3French Fixed Interest10.45%
4Luxembourg Fixed Interest10.29%
5Italian Fixed Interest6.79%
6Dutch Fixed Interest5.56%
7German Fixed Interest5.26%
8Global Fixed Interest5.04%
9Spanish Fixed Interest4.65%
Individual holdings
1FIAT CHRYSLER AUTOMOBILE 3.750% 29/03/241.25%
2CROWN EURO HLDGS SA 3.375% BDS 15/05/25 EUR1000001.1%
3SPCM 2.875% BDS 15/06/23 EUR100000 REG S1.08%
4VIRGIN MEDIA FINANCE PLC 6.375% BDS 15/10/24 GBP1000001.08%
5TRINSEO MATERIALS OPER SCA/US MATLS 6.375% BDS 01/05/22 EUR1000001.04%
6LLOYDS BANKING GROUP PLC 7.000% 29/12/491.03%
7NATIONWIDE BLDG SOCIETY 6.875% 29/12/491.03%
8ARCELORMITTAL SA 3.125% MTN 14/01/22 EUR10001.02%
9CO-OP GRP HLDS 6.875% 08/07/200.94%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Investment Managers
Fund type
Offshore Fund
Fund objective
The objective of the Sub-Fund is to seek to generate a high level of income by investing in European corporate bonds and bonds issued by European governments.
Benchmark
  • BofA Merrill Lynch European Currency High Yield BB-B Rated Hedged EUR
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Gledhill03/10/2012James 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.
Yves Berger03/10/2012
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
AXA World Funds European High Yield Bonds A Cap EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price132.81
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF37S
AXA World Funds European High Yield Bonds E Cap EUR
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price129.87
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF37T
AXA World Funds European High Yield Bonds I Cap EUR
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price137.37
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF37V
AXA World Funds European High Yield Bonds I Hedged Dis Monthly GBP
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price103.71
CurrencyGBP
Price updated24/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFHUZ
AXA World Funds European High Yield Bonds M Cap EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.87
CurrencyEUR
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1OE
AXA World Funds European High Yield Bonds M Hedged Cap GBP
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.13%
Bid price-
Offer price-
Mid price144.07
CurrencyGBP
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF37W
Data provided by

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