Fact sheet: AXA WF Gbl Hi Yd Bds

Fund information
Fund name
AXA World Funds Global High Yield Bonds F Cap USD
Fund manager company
AXA Investment Managers
Fund type
Offshore Fund
Fund managers
  • Carl Whitbecksince 23/07/2012
  • James Gledhillsince 23/07/2012
Fund objective
The Sub-Fund investment objective is firstly to seek high income and secondary capital growth by investing in a broadly international high yield corporate debt securities over a long term period.
Benchmark
  • BofA Merrill Lynch Global High Yield Hedged EUR
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
18.6%
1 Year rank in sector
16/74
Sector
FO Fixed Int - Global High Yield
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.
0.89%
Fund size
£1,108m (£1,237m 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
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld38.1%
Natixis LoomsSyles HInc30.1%
Franklin High Yield24%
NN (L) Gl HYd22.7%
Schroder ISFGbHiIBd22.2%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA68.3%
    Others7.4%
    UK5.3%
    Money Market4.9%
    Luxembourg4.4%
  • Health Care11.7%
    Media11.5%
    Energy11.4%
    Telecommunications11.4%
    Basic Industries6.9%
  • US Fixed Interest68.3%
    Global Fixed Interest7.4%
    UK Fixed Interest5.3%
    Money Market4.9%
    Luxembourg Fixed Interest4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%3.5%6.6%18.6%12.2%42.4%
Sector1.2%1.7%4.2%14%10.1%33%
Rank within sector30 / 858 / 807 / 7816 / 7418 / 616 / 43
Quartile2nd1st1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund1%14.1%-3.9%2.2%9.3%
Sector0.7%11.4%-2.5%1.4%5.2%
Rank within sector30 / 8518 / 7441 / 6723 / 613 / 50
Quartile2nd1st3rd2nd1st
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.
0.23
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.
1.12
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.
0.07
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%.
5.54
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.
1.65
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.
0.35
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.
0.92
Price movement
52 week high138.48
52 week low114.06
Current bid price-
Current offer price-
Current mid price138.27
Region
1USA68.29%
2Others7.35%
3UK5.29%
4Money Market4.87%
5Luxembourg4.36%
6Netherlands2.8%
7France2.36%
8Jamaica1.81%
9Germany1.52%
Industry sector
1Health Care11.72%
2Media11.52%
3Energy11.43%
4Telecommunications11.42%
5Basic Industries6.87%
6Technology6.83%
7Services4.95%
8Capital Goods4.88%
9Money Market4.87%
Asset type
1US Fixed Interest68.29%
2Global Fixed Interest7.35%
3UK Fixed Interest5.29%
4Money Market4.87%
5Luxembourg Fixed Interest4.36%
6Dutch Fixed Interest2.8%
7French Fixed Interest2.36%
8American Emerging Fixed Interest1.81%
9German Fixed Interest1.52%
Individual holdings
1CAPSUGEL SA 7% BDS 15/05/19 USD1000REG S1.04%
2COLUMBUS CABLE BARBADOS 7.375 30/03/210.98%
3ZIGGO SEC FIN BV 5.5% BDS 15/01/27 USD150000 144A0.87%
4RAYONIER AM PRODUCTS INC 5.5% BDS 01/06/24 USD10000.86%
5JAGUAR HLDG CO II/JAGUAR MERGER SUB 6.375% BDS 01/08/23 USD20000.85%
6SPRINT CAPITAL CORP 8.75% BDS 15/3/32 USD10000.85%
7STEARNS HOLDINGS LLC 9.375 15/08/200.85%
8T-MOBILE US INC 6.542% BDS 28/04/20 USD10000.84%
9CEQUEL COM HLDG I/CAP CP 6.375 15/09/200.83%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Investment Managers
Fund type
Offshore Fund
Fund objective
The Sub-Fund investment objective is firstly to seek high income and secondary capital growth by investing in a broadly international high yield corporate debt securities over a long term period.
Benchmark
  • BofA Merrill Lynch Global High Yield Hedged EUR
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Carl Whitbeck23/07/2012Carl joined AXA Investment Managers, Inc. in 2002 as a US high yield credit analyst. Prior to joining AXA IM, Carl was an analyst in the investment banking division of Lehman Brothers, where he performed financial analysis on companies in the consumer and retail sectors, and worked on a variety of Merger & Acquisition and high yield transactions. Over the past nine years, he has served in various capacities within the US High Yield team, including head of research, portfolio manager for US High Yield portfolios and co-portfolio manager for multiple Global High Yield funds. In addition, Carl has been the lead sector head for several industries including Automotive, Services and Special Situations. Carl received his undergraduate degree from Williams College and has the CFA professional designation.
James Gledhill23/07/2012James 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Republic Of Korea, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Sweden
AXA World Funds Global High Yield Bonds A Cap USD
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price128.14
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYL78
AXA World Funds Global High Yield Bonds A Dis Monthly USD
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price98.81
CurrencyUSD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFR3X
AXA World Funds Global High Yield Bonds A Dis USD
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price70.33
CurrencyUSD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeYL79
AXA World Funds Global High Yield Bonds A Hedged Cap CHF
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price117.69
CurrencyCHF
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF40Q
AXA World Funds Global High Yield Bonds A Hedged Cap EUR
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price84.79
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQT64
AXA World Funds Global High Yield Bonds A Hedged Cap SGD
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.2
CurrencySGD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEASZ
AXA World Funds Global High Yield Bonds A Hedged Dis EUR
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price28.26
CurrencyEUR
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQT65
AXA World Funds Global High Yield Bonds A Hedged Dis Monthly HKD
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price98.49
CurrencyHKD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFR3V
AXA World Funds Global High Yield Bonds A Hedged Dis Monthly SGD
Initial charge3%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price100.29
CurrencySGD
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFR3W
AXA World Funds Global High Yield Bonds E Hedged Cap EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price79.57
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYL80
AXA World Funds Global High Yield Bonds E Hedged Dis Quarterly EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.16%
Bid price-
Offer price-
Mid price92.8
CurrencyEUR
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCMP
AXA World Funds Global High Yield Bonds F Cap USD
Initial charge2%
Annual charge0.65%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price138.27
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYL77
AXA World Funds Global High Yield Bonds F Dis USD
Initial charge2%
Annual charge0.65%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price81.93
CurrencyUSD
Price updated13/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeYL81
AXA World Funds Global High Yield Bonds F Hedged Cap EUR
Initial charge2%
Annual charge0.65%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price91.22
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQT72
AXA World Funds Global High Yield Bonds F Hedged Dis EUR
Initial charge2%
Annual charge0.65%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price36.79
CurrencyEUR
Price updated13/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQT73
AXA World Funds Global High Yield Bonds I Cap USD
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price235.56
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1Q9
AXA World Funds Global High Yield Bonds I Hedged Cap CHF
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price121.34
CurrencyCHF
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF40R
AXA World Funds Global High Yield Bonds I Hedged Cap EUR
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price192.02
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKV40
AXA World Funds Global High Yield Bonds I Hedged Cap GBP
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price115.64
CurrencyGBP
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDME
AXA World Funds Global High Yield Bonds I Hedged Dis EUR
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price92.11
CurrencyEUR
Price updated13/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF7UC
AXA World Funds Global High Yield Bonds M Cap USD
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.53
CurrencyUSD
Price updated01/10/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFT6Z
AXA World Funds Global High Yield Bonds M Hedged Cap EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)0.12%
Bid price-
Offer price-
Mid price117.93
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF8CV
Data provided by

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