AXA Investment Managers UK Ltd Global High Yield Class Z Gross Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 22.6% | -0.4% | -5.0% | 10.7% | 7.4% |
| Sector | 23.5% | -1.1% | -4.5% | 10.8% | 7.8% |
| Rank | 16/26 | 15/29 | 15/29 | 15/29 | 20/30 |
| Quartile | 3 | 2 | 2 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 4.1% | 6.6% | 3.9% | |
| Sector | 4.5% | 6.9% | 3.7% | |
| Rank | 18/29 | 13/26 | 8/22 | |
| Quartile | 3 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| CAESARS ENTERTAIN INC | 0.85 |
| ZI TECH LLC/ZI FIN CORP | 0.70 |
| ROYAL CARIBBEAN CRUISES | 0.69 |
| IRON MOUNTAIN UK PLC | 0.66 |
| MAUSER PACKAGING SOLUT | 0.63 |
| SUMMIT MIDSTREAM HOLDING | 0.60 |
| ARDAGH METAL PACKAGING | 0.58 |
| CLOUD SOFTWARE GRP INC | 0.57 |
| ILLUMINATE BUYER/HLDG | 0.55 |
| GETTY IMAGES INC | 0.53 |
| Total | 6.36 |
Fund 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.
Fund Manager
TBC
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.
Fund Overview
| Mid (24/04/2025) | 273.90p |
| Distribution yield | 6.10% |
| Underlying yield | - |
| Fund size (31/03/2025) | £75.86m |
| Number of holdings | 347 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.54% |
| Launch date | 15/01/2001 |
Asset Allocation
| International Bonds | 86.34% | |
| UK Corporate Bonds | 7.02% | |
| Cash and Equivalents | 5.79% | |
| Other Assets | 0.85% |
Commentary
[No data]
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 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.
Asset Allocation
| International Bonds | 86.34% | |
| UK Corporate Bonds | 7.02% | |
| Cash and Equivalents | 5.79% | |
| Other Assets | 0.85% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 93.36% | - | - | - | |
| Cash and Equivalents | 5.79% | - | - | - | |
| Non-Classified | 0.85% | - | - | - | |
Regional Allocation
| North America | 65.07% | |
| Developed Europe - Excl UK | 18.12% | |
| UK | 7.21% | |
| Cash and Equivalents | 5.79% | |
| Non-Classified | 3.48% | |
| Australia & New Zealand | 0.32% |
Fixed Interest Currencies
| US Dollar | 66.97% | |
| Euro | 20.73% | |
| Non-Fixed Interest Assets | 6.64% | |
| Pound Sterling | 5.66% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 65.07% | - | |
United States
|
- | 61.46% | |
Canada
|
- | 3.62% | |
| Developed Europe - Excl UK | 18.12% | - | |
France
|
- | 4.16% | |
Netherlands
|
- | 3.72% | |
Luxembourg
|
- | 2.69% | |
Germany
|
- | 2.43% | |
Italy
|
- | 2.24% | |
Ireland
|
- | 1.47% | |
Spain
|
- | 0.74% | |
Portugal
|
- | 0.46% | |
Sweden
|
- | 0.11% | |
Belgium
|
- | 0.11% | |
| UK | 7.21% | - | |
United Kingdom
|
- | 7.02% | |
Jersey
|
- | 0.19% | |
| Cash and Equivalents | 5.79% | - | |
| Non-Classified | 3.48% | - | |
| Australia & New Zealand | 0.32% | - | |
Australia
|
- | 0.32% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
55.81% |
| 5Yr - 10Yr Maturity |
|
32.83% |
| > 15Yr Maturity |
|
4.72% |
| Cash And Equivalents |
|
5.79% |
| Unknown Maturity |
|
0.85% |
Fixed Interest Quality Profile
| A |
|
0.24% |
| BBB |
|
4.07% |
| Sub-Investment Grade |
|
66.71% |
| Unknown Quality |
|
22.34% |
| Cash and Equivalents |
|
5.79% |
| Other Asset Types |
|
0.85% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | CAESARS ENTERTAIN INC | 0.85% | Bonds | United States |
| 2 | ZI TECH LLC/ZI FIN CORP | 0.70% | Bonds | United States |
| 3 | ROYAL CARIBBEAN CRUISES | 0.69% | Bonds | United States |
| 4 | IRON MOUNTAIN UK PLC | 0.66% | Bonds | United Kingdom |
| 5 | MAUSER PACKAGING SOLUT | 0.63% | Bonds | United States |
| 6 | SUMMIT MIDSTREAM HOLDING | 0.60% | Bonds | Non-Classified |
| 7 | ARDAGH METAL PACKAGING | 0.58% | Bonds | Non-Classified |
| 8 | CLOUD SOFTWARE GRP INC | 0.57% | Bonds | United States |
| 9 | ILLUMINATE BUYER/HLDG | 0.55% | Bonds | United States |
| 10 | GETTY IMAGES INC | 0.53% | 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 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.
Identification Codes
| Sedol Code | B29NGF0 |
| Mex Code | ELGG |
| Isin Code | GB00B29NGF01 |
| Citi Code | AZV9 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.54% |
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 | ICE BofA Developed Markets High Yield Constrained Hedged GBP Index* |
| 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 |
| 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 | 3 days |
| Settlement Period: Sell | 3 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 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.
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 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.