Fact sheet: AXA Wealth MIChelvtonUKEqIncPn

Fund information
Fund name
AXA Wealth MI Chelverton UK Equity Income Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund managers
  • David Taylorsince 01/12/2006
  • David Hornersince 01/12/2006
Underlying fund
MI Chelverton UK Eq Inc
Fund objective
The Fund aims to provide a progressive income stream and achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities. The Fund will invest in UK companies which aim to provide a high initial dividend, progressive dividend payments and long-term capital appreciation.
Benchmark
  • IA UK Equity Income
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
0.8%
1 Year rank in sector
203/225
Sector
PN UK Equity Income
Yield
-
Fund size
£13m (£14m 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.
74
Bid price
226
Offer price
226
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn25.1%
OMW UBS UK Equity Income24.8%
FL Income Accumulation Pn20.1%
L&G Schroder Income Pn16.5%
Scot Eq Schroder Income Pn16%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK100.1%
  • Support Services13.8%
    Building & Construction11%
    Investment Companies9%
    Other Financial5%
    Insurance4.6%
  • UK Equities96%
    Money Market4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-0.8%2%0.8%--
Sector-1.8%-0.9%6.6%6.3%17.1%62.2%
Rank within sector14 / 22998 / 229199 / 229203 / 225--
Quartile1st2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.7%15.8%---
Sector6.9%3.9%3.7%23.2%13.2%
Rank within sector213 / 2253 / 220---
Quartile4th1st
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 high234.6
52 week low193.3
Current bid price226
Current offer price226
Current mid price-
Region
1UK100.15%
Industry sector
1Support Services13.76%
2Building & Construction10.96%
3Investment Companies9%
4Other Financial5.03%
5Insurance4.65%
6Engineering & Machinery4.61%
7Software4.59%
8Retailers - General4.22%
9Money Market4.12%
Asset type
1UK Equities96.02%
2Money Market4.12%
Individual holdings
1ASHMORE GROUP PLC2.16%
2GALLIFORD TRY PLC1.8%
3DAIRY CREST GROUP1.58%
4MCCOLL`S RETAIL GROUP PLC1.46%
5DFS FURNITURE PLC1.45%
6HILL & SMITH HLDGS1.42%
7HILTON FOOD GROUP PLC1.42%
8VICTREX1.41%
9ATKINS(WS)1.4%
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 progressive income stream and achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities. The Fund will invest in UK companies which aim to provide a high initial dividend, progressive dividend payments and long-term capital appreciation.
Benchmark
  • IA UK Equity Income
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Taylor01/12/2006David Taylor began his career as an analyst in the research department at Wedd Durlacher and moved into fund management in 1987 with the Merchant Navy Officers Pension Fund. He joined Gartmore Investment Limited in 1991, during this time, he ran a combination of institutional funds and investment trusts, namely the Clydesdale Investment Trust and London & Strathclyde Trust. In 1995, he moved to LGT to manage small cap retail funds and latterly spent nearly seven years as head of UK smaller companies at HSBC Asset Management. He joined Chelverton Asset Management in January 2006 and has comanaged the Chelverton UK Equity Income Fund since launch.
David Horner01/12/2006David Horner qualified as a chartered accountant in 1984 with Touche Ross & Co before joining 3i Corporate Finance Limited in 1986 where he was a manager giving corporate finance advice. In May 1993 he joined Strand Partners Limited, and was appointed a director in January 1994, where he carried out a range of corporate finance assignments identifying, structuring and managing investments in quoted and unquoted companies. In June 1997 he left to set up Chelverton Asset Management Limited and, in May 1999, he launched the Small Companies Dividend Trust, which he still comanages. He has also co-managed the Chelverton UK Equity Income Fund since launch.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth MI Chelverton UK Equity Income Pn S1
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.55%
Bid price228.5
Offer price228.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJYR
AXA Wealth MI Chelverton UK Equity Income 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)1.55%
Bid price228.5
Offer price228.5
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJYS
AXA Wealth MI Chelverton UK Equity Income 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)2%
Bid price226
Offer price226
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJYT
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.