Fact sheet: FL AXA Stg Corp Bd EP

Fund information
Fund name
FL AXA Sterling Corporate Bond EP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Philip Roantreesince 30/09/2015
Underlying fund
AXA Sterling Corp Bond
Fund objective
AXA state that the aim of the fund is to provide long-term returns from a combination of income and capital growth. The fund invests in fixed income securities that are issued by companies. Investment is anywhere in the world but in bonds that are denominated in Sterling. The fund may also invest in transferable securities, derivatives, money market instruments, short-term bonds and collective investment schemes. 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
  • IA Sterling Corporate Bond
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.5%
1 Year rank in sector
27/260
Sector
PN Sterling Corporate Bond
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.
36
Bid price
363.8
Offer price
363.8
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.5%
BlackRock DC AqOv 15 YCrp BdIx HP13.8%
AEGON Long Core Plus Pn12.9%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12.6%
MetLife Fid Corp Bd 16yr Pn12.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • Not Specified99.7%
    Money Market0.3%
  • BBB64.4%
    A23.8%
    AA4.5%
    BB4%
    AAA2.2%
  • Global Corporate Fixed Interest99.7%
    Money Market0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-4.2%3.8%8.5%17.1%39.4%
Sector-1.5%-4.9%2.7%6.6%18.5%39.6%
Rank within sector147 / 26593 / 26523 / 26527 / 260149 / 235116 / 210
Quartile3rd2nd1st1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund9.1%-0.8%8.9%0.5%14.8%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector24 / 260218 / 246180 / 235153 / 22666 / 210
Quartile1st4th4th3rd2nd
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.
-0.34
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.
0.99
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%.
5.41
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.
1.12
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.
-0.35
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.
0.96
Price movement
52 week high382.5
52 week low329.2
Current bid price363.8
Current offer price363.8
Current mid price-
Region
1Not Specified99.72%
2Money Market0.28%
Industry sector
1BBB64.41%
2A23.8%
3AA4.53%
4BB4.01%
5AAA2.18%
6Non-Rated0.79%
7Money Market0.28%
Asset type
1Global Corporate Fixed Interest99.72%
2Money Market0.28%
Individual holdings
1BPCE SA 5.25% BDS 16/04/29 GBP1000001.5%
2UNITED UTIL 8.88% 25/03/20261.4%
3CNP ASSURANCES 1% 30/09/20411.3%
4ELEC DE FRANCE 6.00% 29/01/20261.3%
5LLOYDS BANK PLC 7.50% NTS 15/04/24 GBP1000001.3%
6BAA FDG 6.45% 10/12/20311.2%
7FIRSTGROUP 8.750% BDS 08/04/21 GBP500001.2%
8MEADOWHALL FINANCE PLC 4.986% 12/01/20321.2%
9RABOBANK NEDERLAND 4.63% 23/05/20291.2%
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 provide long-term returns from a combination of income and capital growth. The fund invests in fixed income securities that are issued by companies. Investment is anywhere in the world but in bonds that are denominated in Sterling. The fund may also invest in transferable securities, derivatives, money market instruments, short-term bonds and collective investment schemes. 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
  • IA Sterling Corporate Bond
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Philip Roantree30/09/2015Phil joined AXA IM in 2014 as a Senior Portfolio Manager within the Sterling Credit team, managing both Active and Buy and Maintain portfolios. He is Lead Portfolio Manager for the AXA Sterling Corporate Bond Fund and Deputy Portfolio Manager for the AXA Sterling Credit Short Duration Bond Fund. He has nearly 30 years of experience managing Sterling Investment Grade Credit, including six years at New Star Asset Management, six years at Aberdeen Asset Management, and eight years at Prolific Asset Management.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL AXA Sterling Corporate 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)0.99%
Bid price363.8
Offer price363.8
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEUT2
FL AXA Sterling Corporate 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)0.99%
Bid price364.2
Offer price364.2
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEUT3
Data provided by

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