Fact sheet: AXA Wealth Hndrsn Pref & Bd Pn

Fund information
Fund name
AXA Wealth Henderson Preference & Bond Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund managers
  • John Pattullosince 30/09/2001
  • Jenna Barnardsince 01/01/2006
  • Rebecca Morris-Charlessince 01/03/2014
Underlying fund
Henderson Pref & Bd
Fund objective
The Fund aims to provide a return by investing primarily in sterling-denominated preference shares, government securities, corporate bonds, Eurobonds and other bonds. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • IA £ Strategic Bond
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
10%
1 Year rank in sector
105/167
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£8m (£9m 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
384.7
Offer price
384.7
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc16.4%
AXA Wealth AXA Fram Mgd Inc Pn16.2%
Canlife AXA Fram Mgd Inc Pn16.2%
LV= Artemis High Income Pn16.2%
SIP BG Corporate Bd Pn15.4%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK49.7%
    North America24.6%
    Europe22.4%
    Money Market2.7%
    Asia Pacific0.5%
  • High Yield Bond46.9%
    Investment Grade Corporate Bonds35.7%
    Government Bonds8.3%
    Debt4.3%
    Money Market2.1%
  • UK Fixed Interest49.7%
    North American Fixed Interest24.6%
    European Fixed Interest22.4%
    Money Market2.7%
    Asia Pacific Fixed Interest0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%3.6%0.7%10%15.7%41.3%
Sector0.9%2.7%1.1%10.1%12.9%34.9%
Rank within sector19 / 17357 / 172114 / 171105 / 16751 / 15658 / 143
Quartile1st2nd3rd3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.6%5.5%2.4%7%4.8%
Sector1.3%6.7%0.7%5.6%5.9%
Rank within sector6 / 172120 / 16739 / 16237 / 15598 / 151
Quartile1st3rd1st1st3rd
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.
0.14
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.
0.34
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%.
3.76
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.
1.08
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.
0.58
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.
0.93
Price movement
52 week high383.9
52 week low348.6
Current bid price384.7
Current offer price384.7
Current mid price-
Region
1UK49.69%
2North America24.58%
3Europe22.45%
4Money Market2.74%
5Asia Pacific0.53%
Industry sector
1High Yield Bond46.9%
2Investment Grade Corporate Bonds35.7%
3Government Bonds8.3%
4Debt4.3%
5Money Market2.07%
6Preference Shares1.8%
7Asset/Mortgage-Backed Securities0.8%
8Derivatives0.13%
Asset type
1UK Fixed Interest49.69%
2North American Fixed Interest24.58%
3European Fixed Interest22.45%
4Money Market2.74%
5Asia Pacific Fixed Interest0.53%
Individual holdings
1TREASURY 1.25% GILT 22/7/18 GBP0.015.6%
2BUPA FINANCE 6.125% 20492.8%
3TREASURY 1% GILT 07/09/17 GBP0.012.7%
4UBS GROUP 6.875% 20491.9%
5WACHOVIA CAPITAL TRUST III 5.5698% 20491.8%
6CO-OPERATIVE GROUP 2011 7.50% 20261.7%
7NATIONWIDE BUILDING SOCIETY1.7%
8DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.6%
9HBOS STERLING FINANCE JERSEY 7.881% 20491.6%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to provide a return by investing primarily in sterling-denominated preference shares, government securities, corporate bonds, Eurobonds and other bonds. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.
Benchmark
  • IA £ Strategic Bond
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
John Pattullo30/09/2001John Pattullo is the Co-Head of Strategic Fixed Income at Henderson. With more than 20 years of experience investing in the credit markets, John co-manages a number of funds with Jenna Barnard. Prior to joining Henderson in 1997, John spent four years as a chartered accountant at PricewaterhouseCoopers. John has an MA (Hons) in Economics from the University of St Andrews. He is a member of the Institute of Chartered Accountants of Scotland and an Associate Member of the Society of Investment Professionals.
Jenna Barnard01/01/2006Jenna Barnard is Co-Head of Strategic Fixed Income, co-managing a number of funds alongside John Pattullo. Jenna joined Henderson in 2002 as a credit analyst and progressed to Credit Portfolio Manager in 2004. Prior to joining Henderson, Jenna worked as an investment analyst with Orbitex Investments. Jenna holds a first class BA (Hons) degree in Politics, Philosophy & Economics from Oxford University. She is a CFA charterholder, and an affiliate member of UKSIP. Jenna is a Member of the Society of Technical Analysts having passed the STA Diploma exam.
Rebecca Morris-Charles01/03/2014Rebecca Morris-Charles joined Henderson in 2009 through the graduate scheme. She subsequently began working for the retail fixed income team in 2010, first as an analyst and now as a deputy fund manager. Rebecca holds a MMath Master of Mathematics from the University of Bath and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth Henderson Preference & Bond Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price219.4
Offer price219.4
Mid price-
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08D8
AXA Wealth Henderson Preference & Bond Pn S3
Initial charge-
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price179.7
Offer price179.7
Mid price-
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code08D9
AXA Wealth Henderson Preference & Bond Pn S4
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price384.7
Offer price384.7
Mid price-
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDJP4
Data provided by

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