Fact sheet: AXA Wealth AXA Pan EurHiYdBd Pn

Fund information
Fund name
AXA Wealth AXA Pan European High Yield Bond Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund manager
  • James Gledhillsince 02/08/2012
Underlying fund
AXA Pan Eurpn HiYldBd
Fund objective
The Fund aims to generate a high level of income, payable monthly into a UK bank or building society account, by investing principally in high-yielding European corporate bonds, bonds issued by European governments and other European fixed interest instruments.The Fund Manager may also invest in European equities.
Benchmark
  • BofA Merrill Lynch European High Yield BB-B Rated Index (gross of fees)
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.7%
1 Year rank in sector
48/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£0m (£0m 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.
27
Bid price
229.1
Offer price
229.1
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn17.5%
Zurich Royal Lon Stg ExYldBd Pn17%
L&G High Income Pn15.3%
FL AXA Gbl High Inc EP13.7%
L&G Schroder Hi Yield Opps Pn13.7%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK29.6%
    USA13.7%
    Luxembourg10.9%
    France9.8%
    Italy7%
  • Industrials12.2%
    Banks10.8%
    Services10.5%
    Automobiles7.8%
    Capital Goods7.6%
  • UK Fixed Interest29.6%
    US Fixed Interest13.7%
    Luxembourg Fixed Interest10.9%
    French Fixed Interest9.8%
    Italian Fixed Interest7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%1.4%4.2%8.7%--
Sector1%2%5.7%10.9%15.5%42.6%
Rank within sector18 / 5751 / 5755 / 5748 / 56--
Quartile2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.3%8.9%3.7%--
Sector3.5%11.2%-0.1%4.4%6.8%
Rank within sector56 / 5741 / 556 / 53--
Quartile4th3rd1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high229.6
52 week low208.3
Current bid price229.1
Current offer price229.1
Current mid price-
Region
1UK29.6%
2USA13.68%
3Luxembourg10.89%
4France9.84%
5Italy6.98%
6Others6.2%
7Netherlands4.95%
8Spain4.83%
9Germany4.67%
Industry sector
1Industrials12.2%
2Banks10.84%
3Services10.54%
4Automobiles7.77%
5Capital Goods7.61%
6Telecommunications7.45%
7Media7.04%
8Financial Services6.74%
9Leisure6.58%
Asset type
1UK Fixed Interest29.6%
2US Fixed Interest13.68%
3Luxembourg Fixed Interest10.89%
4French Fixed Interest9.84%
5Italian Fixed Interest6.98%
6Global Fixed Interest6.2%
7Dutch Fixed Interest4.95%
8Spanish Fixed Interest4.83%
9German Fixed Interest4.67%
Individual holdings
1FIAT CHRYSLER AUTOMOBILE 3.750% 29/03/241.36%
2CROWN EURO HLDGS SA 3.375% BDS 15/05/25 EUR1000001.21%
3SPCM 2.875% BDS 15/06/23 EUR100000 REG S1.2%
4TRINSEO MATERIALS OPER SCA/US MATLS 6.375% BDS 01/05/22 EUR1000001.15%
5NATIONWIDE BLDG SOCIETY 6.875% 29/12/491.14%
6ARCELORMITTAL SA 3.125% MTN 14/01/22 EUR10001.12%
7LLOYDS BANKING GROUP PLC 7.000% 29/12/491.12%
8EIRCOM FINANCE DAC 4.5% BDS 31/05/22 EUR1000001.05%
9CO-OP GRP HLDS 6.875% 08/07/201.04%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to generate a high level of income, payable monthly into a UK bank or building society account, by investing principally in high-yielding European corporate bonds, bonds issued by European governments and other European fixed interest instruments.The Fund Manager may also invest in European equities.
Benchmark
  • BofA Merrill Lynch European High Yield BB-B Rated Index (gross of fees)
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
James Gledhill02/08/2012James 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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth AXA Pan European High Yield Bond Pn
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price232
Offer price232
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP7T
AXA Wealth AXA Pan European High Yield Bond 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)1.2%
Bid price232
Offer price232
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP7U
AXA Wealth AXA Pan European High Yield Bond 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)1.65%
Bid price229.1
Offer price229.1
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP7V
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.