Fact sheet: AXA Wealth BR FixIncGlbOppPn

Fund information
Fund name
AXA Wealth BlackRock Fixed Income Global Opps Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund managers
  • Bob Millersince 19/03/2015
  • Scott Thielsince 31/08/2011
  • Rick Riedersince 19/03/2015
Underlying fund
BlackRock Fixed Inc Gbl Opps
Fund objective
The Fund aims to maximise total return. The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non - investment grade, may be utilised. Currency exposure is flexibly managed.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
No data available.
Quick stats
1 Year return
1.9%
1 Year rank in sector
130/133
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m (£17m 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.
26
Bid price
214
Offer price
214
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn34.1%
Scot Eq AegonIntcEgMtsLclCrDtPn30.9%
OMW M&G Glbl Government Bond25.9%
Scot Eq Ovrss Crp Bd Trkr Pn24%
LV= BlackRock OseaCorBdTrk Pn23.8%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA56.2%
    Others20.8%
    Money Market15.4%
    Brazil3.8%
    Mexico3%
  • Asset/Mortgage-Backed Securities27.7%
    Investment Grade Bonds25.3%
    Derivatives20.8%
    Money Market15.4%
    High Yield Bond10.5%
  • Global Fixed Interest89.6%
    Money Market15.4%
    International Equities0%
    Alternative Investment Strategies-5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.5%1.1%1.9%--
Sector2.6%-2.4%1.6%13%20.5%19.8%
Rank within sector136 / 14611 / 14597 / 143130 / 133--
Quartile4th1st3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.2%1.2%-2.2%--
Sector0.9%14.1%-0.3%6.1%-3.6%
Rank within sector106 / 146132 / 133106 / 125--
Quartile3rd4th4th
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 high214.7
52 week low207.7
Current bid price214
Current offer price214
Current mid price-
Region
1USA56.16%
2Others20.75%
3Money Market15.42%
4Brazil3.78%
5Mexico2.96%
6Japan2.79%
7Italy2.78%
8EU2.04%
9UK1.96%
Industry sector
1Asset/Mortgage-Backed Securities27.66%
2Investment Grade Bonds25.3%
3Derivatives20.75%
4Money Market15.42%
5High Yield Bond10.5%
6Debt5.07%
7Others0.62%
8Government Agency Bonds0.24%
9Government Bonds-5.56%
Asset type
1Global Fixed Interest89.55%
2Money Market15.42%
3International Equities0.04%
4Alternative Investment Strategies-5.01%
Individual holdings
1TREASURY NOTE (2OLD) 1.125 09/30/20219.84%
2TREASURY NOTE (OTR) 1 11/30/20185.43%
3TREASURY (CPI) NOTE 0.125 04/15/20192.46%
4TREASURY NOTE (OTR) 2 11/15/20262.39%
5TREASURY NOTE (OLD) 1 10/15/20192.2%
6FNMA 30YR TBA(REG A) 3.5 01/18/20171.91%
7JAPAN(GOVERNMENT OF) 0.1% BDS 15/09/17 JPY10001.9%
8TREASURY (CPI) NOTE 0.125 04/15/20211.68%
9TREASURY (CPI) NOTE 0.125 07/15/20261.64%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to maximise total return. The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non - investment grade, may be utilised. Currency exposure is flexibly managed.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
No data available.
Fund managers
NameSinceBiography
Bob Miller19/03/2015Bob Miller, Managing Director, is a member of the Multi-Sector Mutual Fund team within BlackRock Fundamental Fixed Income Portfolio Management Group. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a Co-Founder and Partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety of roles, most recently as senior portfolio manager for the bank's proprietary multi-asset class investment portfolio. Mr. Miller managed global equity and credit, global interest rate derivative, and sovereign debt portfolios during his tenure at Bank of America. Mr. Miller is a Trustee of Davidson College, a member of the Executive Committee and Chairman of the Investment Committee. He is also actively involved with the Davidson July Experience program. Mr. Miller is a Trustee and past Chairman of the Board at Trinity Episcopal School in Charlotte, N.C. He earned a BA degree in economics from Davidson College in 1984.
Scott Thiel31/08/2011Scott Thiel, Managing Director, is BlackRock's Deputy Chief Investment Officer of Fixed Income, Fundamental Portfolios, and Head of European and & Global Bonds. He is a member of the Fixed Income Executive Committee and the EMEA Executive Committee. Mr. Thiel is a member of BlackRock's Leadership Committee. Prior to joining BlackRock in 2002, Mr. Thiel was a Vice President at Goldman Sachs & Co. During his thirteen years there, he was responsible for developing strategies in both US and international interest rate and derivative markets for institutional money managers. Mr. Thiel earned a BA degree in American history from Princeton University in 1987.
Rick Rieder19/03/2015Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the Executive Committee of the firm-wide Alpha Strategy business, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was recently elected as the 2013 inductee into the Fixed Income Analysts Society Fixed Income Hall of Fame. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee, and founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's nine Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and the boards of Big Brothers/Big Sisters of Newark and Essex County and the Newark Youth Foundation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth BlackRock Fixed Income Global Opps Pn
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.95%
Bid price216.6
Offer price216.6
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJXF
AXA Wealth BlackRock Fixed Income Global Opps 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)0.95%
Bid price216.6
Offer price216.6
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJXG
AXA Wealth BlackRock Fixed Income Global Opps 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)1.4%
Bid price214
Offer price214
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJXH
Data provided by

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