Fact sheet: AXA Wealth AXA IM Gbl Hi Inc Pn

Fund information
Fund name
AXA Wealth AXA IM Global High Income Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund managers
  • James Gledhillsince 01/08/2012
Underlying fund
AXA Global High Income
Fund objective
The Fund aims to provide long term high yield returns.
Benchmark
  • BofA Merrill Lynch Global High Yield Index
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
8.6%
1 Year rank in sector
20/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£3m (£4m 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.
34
Bid price
402
Offer price
402
Top in this sector
Fund name1 Year
L&G High Income Pn13.3%
OMW IPLPimUsHiYiBdPn12%
Aviva Invtec M High Inc Pn11.3%
Aviva JPM Gbl HighYldBd Pn11%
SIP JPM Gbl Hi Yd Bd Pn10.7%
...more in PN 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%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%2.1%5.9%8.6%8.4%37.2%
Sector0.1%-0.5%4.5%8.3%15.2%46.5%
Rank within sector7 / 573 / 578 / 5720 / 5645 / 4943 / 46
Quartile1st1st1st2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund11.4%-4.5%1.4%7.3%17.5%
Sector9.9%-0.1%4.4%6.8%19.3%
Rank within sector11 / 5650 / 5445 / 4930 / 4937 / 46
Quartile1st4th4th3rd4th
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.
-2.78
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.
1.16
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%.
5.47
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.
2.33
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.
-0.9
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.
0.83
Price movement
52 week high400.9
52 week low342.9
Current bid price402
Current offer price402
Current mid price-
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 Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to provide long term high yield returns.
Benchmark
  • BofA Merrill Lynch Global High Yield Index
Investment style
High Yield
Investment method
None
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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth AXA IM Global High Income Pn
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price390.4
Offer price390.4
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code07TH
AXA Wealth AXA IM Global High Income Pn S3
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price390.4
Offer price390.4
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code07TI
AXA Wealth AXA IM Global High Income Pn S4
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.45%
Bid price402
Offer price402
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeFRA7
Data provided by

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