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.
Fund Manager
Yves Bergermanager
for
3 years
and 1 months
• 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.
Michael Grahammanager
for
3 years
and 1 months
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.
Robert Houlemanager
for
3 years
and 1 months
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.
Fund Overview
Mid (30/08/2024)
89.22p
Distribution yield
7.08%
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
Asset Allocation
International Bonds
94.09%
UK Corporate Bonds
5.70%
Other Assets
0.22%
Commentary
[No data]
Portfolio data accurate as at: 31/05/24
Important Information
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Portfolio data accurate as at:
Asset Allocation
International Bonds
94.09%
UK Corporate Bonds
5.70%
Other Assets
0.22%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
99.78%
-
-
-
Non-Classified
0.22%
-
-
-
Regional Allocation
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%
Fixed Interest Currencies
US Dollar
71.76%
Euro
23.32%
Pound Sterling
4.70%
Non-Fixed Interest Assets
0.22%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
71.43%
-
United States
-
67.98%
Canada
-
3.45%
Developed Europe - Excl UK
19.40%
-
Netherlands
-
5.19%
France
-
3.61%
Luxembourg
-
3.17%
Italy
-
2.85%
Germany
-
2.15%
Ireland
-
0.93%
Spain
-
0.69%
Portugal
-
0.44%
Sweden
-
0.25%
Austria
-
0.11%
UK
5.70%
-
United Kingdom
-
5.70%
Non-Classified
2.54%
-
Middle East & Africa
0.55%
-
United Arab Emirates
-
0.55%
Australia & New Zealand
0.39%
-
Australia
-
0.39%
Fixed Interest Maturity Profile
< 5Yr Maturity
61.42%
5Yr - 10Yr Maturity
33.98%
> 15Yr Maturity
4.38%
Unknown Maturity
0.22%
Fixed Interest Quality Profile
BBB
3.62%
Sub-Investment Grade
72.71%
Unknown Quality
23.45%
Other Asset Types
0.22%
Top 10 Holdings
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
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Identification Codes
Sedol Code
B29NG94
Mex Code
ELHG
Isin Code
GB00B29NG940
Citi Code
AZW0
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.53%
Aims and Benchmark
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
Fund Background
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
Distribution Details
Income frequency
Quarterly
Distribution Type
Interest
Distribution Payment Basis
Gross
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 January
28 February
01 April
31 May
01 July
31 August
01 October
30 November
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
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 Details
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
Email
broker.services@axa-im.com
Homepage
www.axa-im.com
Fax number
020 7003 2313
Dealing
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
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Important Information
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.