Fact sheet: FL AXA Sterling Strategic Bd EP

Fund information
Fund name
FL AXA Sterling Strategic Bond EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Nick Hayessince 30/08/2010
Underlying fund
AXA Sterling Strategic Bd
Fund objective
AXA state that the aim of the fund is to generate returns by gaining exposure generally to the Sterling denominated bond market. Investments will include fixed income securities which are issued by governments or companies. Investment is anywhere in the world but in bonds denominated in Sterling. The fund may invest in securities with a lower credit rating if the returns are attractive. The fund may also invest in transferable securities, derivatives, money market instruments, deposits, collective investment schemes and cash holdings. The manager may use investment techniques to protect the value of the fund, including using interest rate futures and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund's accounting currency. The manager may also use derivatives for the purposes of meeting the objective.
Benchmark
  • BofA ML Sterling Broad Market Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.7%
1 Year rank in sector
84/174
Sector
PN Sterling Fixed Interest
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.
53
Bid price
319
Offer price
319
Top in this sector
Fund name1 Year
OMW IPL F&C Sht Pr Rl Dn LDI Pn48.7%
OMW IPL F&C Nominal Dyn LDI Pn41.5%
OMW IPL F&C Real Dynamic LDI Pn38.5%
OMW IPL LGIM 2055IdxLkdGltPn24.7%
OMW IPL LGIMOvr15Yr I LGltPn23.8%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • UK98.8%
    Money Market1.2%
  • AA68.2%
    BBB19.6%
    A7.7%
    AAA1.7%
    BB1.6%
  • UK Gilts65.1%
    Global Corporate Fixed Interest33.7%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-6.5%1.7%6.7%20.1%26.6%
Sector-1.9%-6.2%4.5%9.2%24.6%33.3%
Rank within sector130 / 177109 / 178102 / 17684 / 17478 / 14172 / 126
Quartile3rd3rd3rd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.1%-0.1%11.8%-3.2%7%
Sector11.1%-1.2%13.9%-1.7%6.6%
Rank within sector87 / 17485 / 15286 / 14192 / 13562 / 126
Quartile2nd3rd3rd3rd2nd
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.
-0.3
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.
0.89
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.
0.4
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%.
6.67
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.
1.38
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.
-0.75
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.
0.97
Price movement
52 week high344.2
52 week low294.9
Current bid price319
Current offer price319
Current mid price-
Region
1UK98.8%
2Money Market1.2%
Industry sector
1AA68.24%
2BBB19.62%
3A7.65%
4AAA1.71%
5BB1.58%
6Money Market1.2%
Asset type
1UK Gilts65.07%
2Global Corporate Fixed Interest33.74%
3Money Market1.2%
Individual holdings
1TREASURY 2% GILT 07/09/25 GBP0.017%
2TREASURY 4.5% GILT 7/9/2034 GBP0.016.1%
3TREASURY 4% GILT 22/01/60 GBP0.015.5%
4TREASURY 4.75% GILT 07/12/30 GBP5.4%
5TREASURY 1.75% GILT 22/07/19 GBP0.014.4%
6TREASURY 1.5% GILT 22/07/26 GBP0.014.1%
7UK TREASURY GILT 1.5% 22/01/20213.4%
8TREASURY 4.25% GILT 7/12/462.6%
9UK CONV GILT REGS 3.50% 22/01/20452.6%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
AXA state that the aim of the fund is to generate returns by gaining exposure generally to the Sterling denominated bond market. Investments will include fixed income securities which are issued by governments or companies. Investment is anywhere in the world but in bonds denominated in Sterling. The fund may invest in securities with a lower credit rating if the returns are attractive. The fund may also invest in transferable securities, derivatives, money market instruments, deposits, collective investment schemes and cash holdings. The manager may use investment techniques to protect the value of the fund, including using interest rate futures and forward contracts in order to reduce the risks otherwise associated with making investments in currencies other than the fund's accounting currency. The manager may also use derivatives for the purposes of meeting the objective.
Benchmark
  • BofA ML Sterling Broad Market Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Nick Hayes30/08/2010Nick joined AXA IM in June 2010 as a Senior Portfolio Manager. Managing both Sterling Credit and Sterling Rates portfolios, he is lead manager on our flagship Sterling Corporate Bond and Sterling Strategic Bonds funds. Prior to joining AXA IM, he spent seven years at New Star / Henderson New Star where he was a Senior Portfolio Manager in the New Star Fixed Interest team. At New Star he managed various funds including pure Investment Grade, Money Markets and diversified bond funds that invested across government bonds, investment grade and high yield corporate bond funds. Prior to joining New Star in May 2002, Nick worked at WPP Group. Nick holds a BA Honours degree in French and Spanish from Trinity College, Dublin.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL AXA Sterling Strategic Bond EP
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price319
Offer price319
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1J6
FL AXA Sterling Strategic Bond EP S3
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price319
Offer price319
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1G5
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.