Fact sheet: AXA Wealth M&G Corp Bd Pn

Fund information
Fund name
AXA Wealth M&G Corporate Bond Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund managers
  • Richard Woolnoughsince 27/02/2004
  • Ben Lordsince 01/01/2007
Underlying fund
M&G Corporate Bond
Fund objective
The Fund aims to achieve long-term capital growth for investors. The Fund invests primarily in global shares of companies which derive a significant proportion of their income from gold mining or commodities such as precious metals.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
5.7%
1 Year rank in sector
195/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£50m (£56m 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
370.2
Offer price
370.2
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK54.4%
    USA23.9%
    France6.9%
    Germany2.4%
    International2.1%
  • Asset/Mortgage-Backed Securities19.1%
    Telecommunications11.5%
    Banks9.9%
    Utilities9.1%
    Insurance5.9%
  • UK Corporate Fixed Interest52%
    US Corporate Fixed Interest23.2%
    French Corporate Fixed Interest5.6%
    UK Gilts2.9%
    German Corporate Fixed Interest2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-4.1%1.8%5.7%17.1%32.1%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector155 / 265106 / 265216 / 265195 / 260168 / 235186 / 210
Quartile3rd2nd4th3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.6%-0.2%10.4%-0.2%11.4%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector192 / 260174 / 246136 / 235190 / 226172 / 210
Quartile3rd3rd3rd4th4th
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.
-0.13
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.
0.92
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.
0.32
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%.
5.15
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.
1.63
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.
-0.36
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.
0.91
Price movement
52 week high389.7
52 week low345.4
Current bid price370.2
Current offer price370.2
Current mid price-
Region
1UK54.42%
2USA23.94%
3France6.93%
4Germany2.36%
5International2.08%
6Italy2.02%
7Money Market2%
8Spain1.8%
9Netherlands1.49%
Industry sector
1Asset/Mortgage-Backed Securities19.13%
2Telecommunications11.46%
3Banks9.91%
4Utilities9.06%
5Insurance5.9%
6Non-Cyclical Consumer Goods5.43%
7Real Estate4.88%
8Government Bonds4.61%
9Electronics4.2%
Asset type
1UK Corporate Fixed Interest52.03%
2US Corporate Fixed Interest23.23%
3French Corporate Fixed Interest5.59%
4UK Gilts2.85%
5German Corporate Fixed Interest2.36%
6Global Corporate Fixed Interest2.08%
7Money Market2%
8Dutch Corporate Fixed Interest1.49%
9Spanish Corporate Fixed Interest1.37%
Individual holdings
1TREASURY 4.75% GILT 07/12/38 GBP1.62%
2LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.59%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.27%
4TREASURY 3.25% GILT 22/01/44 GBP0.011.24%
5WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.06%
6AT&T INC 4.875% UNSEC BDS 01/06/44 GBP1000001.04%
7MICROSOFT CORP 4% BDS 12/02/55 USD20000.83%
8MONDELEZ INTL INC 4.5% BDS 03/12/35 GBP10000.82%
9VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.82%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to achieve long-term capital growth for investors. The Fund invests primarily in global shares of companies which derive a significant proportion of their income from gold mining or commodities such as precious metals.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Richard Woolnough27/02/2004Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.
Ben Lord01/01/2007Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth M&G Corporate Bond Pn
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price246.4
Offer price246.4
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code8000
AXA Wealth M&G Corporate Bond Pn S2
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.1%
Bid price244.7
Offer price244.7
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code80000
AXA Wealth M&G Corporate 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)1.2%
Bid price193.6
Offer price193.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code800000
AXA Wealth M&G Corporate Bond Pn S4
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price370.2
Offer price370.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDJT7
Data provided by

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