Fact sheet: AXA Wealth AXA US St DuHiYdBdPn

Fund information
Fund name
AXA Wealth AXA US Short Duration High Yield Bond Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund manager
  • Carl Whitbecksince 29/04/2010
Underlying fund
AXA US Sht Duratn HiYd Bd
Fund objective
The Fund aims to deliver a high level of income by investing generally in sub-investment grade, corporate debt securities,with a bias towards shorter maturities, issued by companies with their predominant place of business in the US.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
2.4%
1 Year rank in sector
20/20
Sector
PN Global 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.
22
Bid price
203.9
Offer price
203.9
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn36%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32.1%
LV= Investec Emg Mkts Debt Pn29.3%
OMW Old Mutual Emg Mkt Dt26.9%
Canlife Tndle Emg Mkt Bond Pn26.9%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA102.7%
    Money Market-2.7%
  • Corporate Bonds102.7%
    Money Market-2.7%
  • Global Corporate Fixed Interest102.7%
    Money Market-2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1%1%2.4%--
Sector-5.8%-0.3%11.2%17.9%13.4%27.8%
Rank within sector3 / 2114 / 2121 / 2120 / 20--
Quartile1st3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.7%-0.5%---
Sector19.1%-5.8%1.8%-3.4%13.7%
Rank within sector19 / 207 / 18---
Quartile4th2nd
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 high206.1
52 week low192
Current bid price203.9
Current offer price203.9
Current mid price-
Region
1USA102.68%
2Money Market-2.68%
Industry sector
1Corporate Bonds102.68%
2Money Market-2.68%
Asset type
1Global Corporate Fixed Interest102.68%
2Money Market-2.68%
Individual holdings
1RITE AID CORP 6.75% BDS 15/06/21 USD2000144A1.3%
2CABLEVISION SYSTEMS CORP 8.625% BDS 15/09/17 USD1000`144A`1.1%
3DISH DBS CORP 4.25% BDS 01/04/18 USD10001.1%
4JBS USA LLC/JBS USA FINA SR UNSECURED 144A 02/20 81.1%
5NOVELIS INC 8.375% BDS 15/12/17 USD1000 144A1.1%
6NXP BV/NXP FDG LLC 4.125% BDS 01/06/21 USD2000001.1%
7TRANSDIGM INC 7.5% BDS 15/07/21 USD10001.1%
8ALLIANCE DATA SYSTEMS CO COMPANY GUAR 144A 04/20 61%
9CEMEX S.A.B. DE C.V. 6.5% BDS 10/12/19 USD1%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to deliver a high level of income by investing generally in sub-investment grade, corporate debt securities,with a bias towards shorter maturities, issued by companies with their predominant place of business in the US.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Carl Whitbeck29/04/2010Carl 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth AXA US Short Duration High Yield Bond Pn
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price206
Offer price206
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP7Z
AXA Wealth AXA US Short Duration High Yield Bond Pn S3
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price206
Offer price206
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP8A
AXA Wealth AXA US Short Duration High Yield Bond Pn S4
Initial charge-
Annual charge1.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price203.9
Offer price203.9
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP8B
Data provided by

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