31/07/19 to 31/07/20 |
31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
|
---|---|---|---|---|---|
Fund | 1.7% | 9.4% | -8.0% | 4.0% | 10.5% |
Sector | -0.2% | 10.6% | -9.3% | 4.6% | 10.8% |
Rank | 5/25 | 18/27 | 9/29 | 15/29 | 17/29 |
Quartile | 1 | 3 | 2 | 2 | 3 |
Annualised | ||||
---|---|---|---|---|
3 Years to 31/07/24 |
5 Years to 31/07/24 |
10 Years to 31/07/24 |
||
Fund | 1.9% | 3.3% | 3.5% | |
Sector | 1.6% | 3.0% | 3.2% | |
Rank | 14/29 | 13/25 | 8/21 | |
Quartile | 2 | 2 | 2 |
Stock | % Weight |
---|---|
MATTHEWS INTERNATIONAL C | 1.01 |
GETTY IMAGES INC | 0.95 |
ILLUMINATE BUYER/HLDG | 0.79 |
ZI TECH LLC/ZI FIN CORP | 0.77 |
MAUSER PACKAGING SOLUT | 0.71 |
IRON MOUNTAIN UK PLC | 0.68 |
KINETIK HOLDINGS LP | 0.63 |
BOXER PARENT CO INC | 0.58 |
VIVION INVESTMENTS | 0.57 |
CATALENT PHARMA SOLUTION | 0.56 |
Total | 7.25 |
To provide long-term high yield returns. The Fund aims to deliver long-term high yield returns by compounding high current income and any capital growth through investing in a broadly diversified portfolio of ‘sub-investment grade’ bonds.
• Yves is a Senior Portfolio Manager within the European High Yield team based in London. He is the Lead Portfolio Manager on AXA IM’s Maturity 2020 and 2023 fixed maturity funds.
•He was previously instrumental in the launch of AXA IM’s flagship European Short Duration High Yield strategy, and remains Deputy Portfolio Manager on this fund as well as Co-manager of the AXA WF European High Yield Bonds fund and AXA WF Global High Yield Bonds fund.
• Yves joined AXA IM in 2007 as part of a Fixed Income Graduate Program (VIE) working alongside the credit research team, with a focus on High Yield. He was appointed to his current Portfolio Manager Analyst role in 2009. Prior to joining AXA IM, Yves worked as a trainee Credit Analyst at IXIS Corporate & Investment Banking in Paris.
• Yves holds an MSc in International Finance from the Rouen Business School, France.
Mike is a Portfolio Manager within the US High Yield team, a role he has held since 2010. Prior to his current role managing US Core High Yield portfolios, he was responsible for research covering the energy sector. Mike joined AXA IM in 2007.
Prior to AXA IM, he was an Analyst for two years in the fixed income division of Bear Stearns, where he performed financial analyses and quantitative support for the Public Power group.
Michael holds a Bachelor’s degree in Economics from Williams College; and he is also a CFA charter-holder.
Rob is a Portfolio Manager within the US High Yield team, a role he has held since 2008. Prior to his current role managing US Core High Yield portfolios, he was responsible for research coverage of the basic industry sector. Rob joined AXA IM in 2005 as a US High Yield Credit Analyst.
Before joining AXA IM, he was a Trader for three years on the institutional equity trading desk at Lehman Brothers where he traded energy related stocks.
Rob holds a Bachelor’s degree in economics and psychology from Williams College and is a CFA charter-holder.
Mid (23/08/2024) | 266.20p |
Distribution yield | 5.50% |
Underlying yield | - |
Fund size (31/05/2024) | £73.24m |
Number of holdings | 373 |
Entry Charge | 0.00% |
Ongoing Charges | 0.53% |
Launch date | 15/01/2001 |
International Bonds | 94.09% | |
UK Corporate Bonds | 5.70% | |
Other Assets | 0.22% |
[No data]
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
International Bonds | 94.09% | |
UK Corporate Bonds | 5.70% | |
Other Assets | 0.22% |
Industry | Supersector | Sector | Subsector | ||
---|---|---|---|---|---|
Bonds | 99.78% | - | - | - | |
Non-Classified | 0.22% | - | - | - |
North America | 71.43% | |
Developed Europe - Excl UK | 19.40% | |
UK | 5.70% | |
Non-Classified | 2.54% | |
Middle East & Africa | 0.55% | |
Australia & New Zealand | 0.39% |
US Dollar | 71.76% | |
Euro | 23.32% | |
Pound Sterling | 4.70% | |
Non-Fixed Interest Assets | 0.22% |
Region | Country | ||
---|---|---|---|
North America | 71.43% | - | |
![]() |
- | 67.98% | |
![]() |
- | 3.45% | |
Developed Europe - Excl UK | 19.40% | - | |
![]() |
- | 5.19% | |
![]() |
- | 3.61% | |
![]() |
- | 3.17% | |
![]() |
- | 2.85% | |
![]() |
- | 2.15% | |
![]() |
- | 0.93% | |
![]() |
- | 0.69% | |
![]() |
- | 0.44% | |
![]() |
- | 0.25% | |
![]() |
- | 0.11% | |
UK | 5.70% | - | |
![]() |
- | 5.70% | |
Non-Classified | 2.54% | - | |
Middle East & Africa | 0.55% | - | |
![]() |
- | 0.55% | |
Australia & New Zealand | 0.39% | - | |
![]() |
- | 0.39% |
< 5Yr Maturity |
|
61.42% |
5Yr - 10Yr Maturity |
|
33.98% |
> 15Yr Maturity |
|
4.38% |
Unknown Maturity |
|
0.22% |
BBB |
|
3.62% |
Sub-Investment Grade |
|
72.71% |
Unknown Quality |
|
23.45% |
Other Asset Types |
|
0.22% |
Stock | % Weight | Sector | Country | |
---|---|---|---|---|
1 | MATTHEWS INTERNATIONAL C | 1.01% | Bonds | United States |
2 | GETTY IMAGES INC | 0.95% | Bonds | United States |
3 | ILLUMINATE BUYER/HLDG | 0.79% | Bonds | United States |
4 | ZI TECH LLC/ZI FIN CORP | 0.77% | Bonds | United States |
5 | MAUSER PACKAGING SOLUT | 0.71% | Bonds | United States |
6 | IRON MOUNTAIN UK PLC | 0.68% | Bonds | United Kingdom |
7 | KINETIK HOLDINGS LP | 0.63% | Bonds | United States |
8 | BOXER PARENT CO INC | 0.58% | Bonds | United States |
9 | VIVION INVESTMENTS | 0.57% | Bonds | Luxembourg |
10 | CATALENT PHARMA SOLUTION | 0.56% | Bonds | United States |
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Sedol Code | B29NGF0 |
Mex Code | ELGG |
Isin Code | GB00B29NGF01 |
Citi Code | AZV9 |
Entry Charge | 0.00% |
Ongoing Charges | 0.53% |
Aims | To provide long-term high yield returns. The Fund aims to deliver long-term high yield returns by compounding high current income and any capital growth through investing in a broadly diversified portfolio of ‘sub-investment grade’ bonds. |
Benchmark | Merrill Lynch Global High Yield |
Benchmark Category | - |
IA Sector | £ High Yield |
Valuation frequency | Daily |
Valuation point | 12:00 |
Fund type | OEIC |
Launch price | £1.00 |
Fund currency | Pound Sterling |
Fund domicile | United Kingdom |
ISA allowable | Yes |
SIPP allowable | Yes |
Income frequency | Quarterly |
Distribution Type | Interest |
Distribution Payment Basis | Gross |
Ex dividend date(s) | Income payment date(s) |
---|---|
01 January | 28 February |
01 April | 31 May |
01 July | 31 August |
01 October | 30 November |
FE Crown | ![]() |
Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
---|---|
- | - |
Fund Trustee/Depository | HSBC Bank plc |
Fund Administrator | State Street Bank and Trust Company |
Fund Registrar | DST Financial Services International Limited |
Fund Custodian | HSBC Bank plc |
Group name | AXA Investment Managers UK Limited |
Group address | Broker Services Team AXA Investment Managers 7 Newgate Street London EC1A 7NX |
Group telephone | 020 7003 1234 |
Dealing telephone | 0207 0031234 |
broker.services@axa-im.com | |
Homepage | www.axa-im.com |
Fax number | 020 7003 2313 |
Minimum Investment | £100000 |
Minimum Top Up | £5000 |
Minimum Regular Saving | - |
Settlement Period: Buy | 4 days |
Settlement Period: Sell | 4 days |
Pricing Basis | Forward |
Dealing Decimals | 3 |
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Ratio | Value |
---|---|
Alpha | 0.43 |
Beta | 1.02 |
Sharpe | 0.00 |
Standard Deviation | 7.69 |
Info Ratio | 0.20 |
Risk Factor | Yes / No |
---|---|
Charges to Capital | No |
Emerging Markets | No |
Concentrated Portfolio | No |
Smaller Companies | No |
High Yield Bonds | Yes |
Sector Specific | No |
Geared Investments | No |
Value of Investments | Yes |
Investments Long Term | Yes |
Property | No |
Exchange Rate | Yes |
Higher Risk | No |
Performance Charges | No |
Derivative Exposure | Yes |
Offshore | No |
Income Eroding Capital Growth | Yes |
Umbrella Liabilities | No |
New Fund | No |
Solvency of Depository | No |
Solvency of Bond Issuers | Yes |
Ethical Restrictions | No |
Liquidity | No |
Returns Are Not Guaranteed | Yes |
Inflation | Yes |
Taxation and Tax Relief | Yes |
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation will reduce the real value of your investments in future.
Levels of taxation and tax relief are subject to change.
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.