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
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 5.2% | 4.3% | -8.9% | 7.8% | 11.7% |
| Sector | 3.7% | 4.5% | -9.1% | 7.8% | 11.5% |
| Rank | 5/26 | 11/28 | 12/29 | 14/29 | 15/29 |
| Quartile | 1 | 2 | 2 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.1% | 3.8% | 3.9% | |
| Sector | 3.0% | 3.4% | 3.7% | |
| Rank | 13/29 | 11/26 | 9/22 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| GETTY IMAGES INC | 0.95 |
| CAESARS ENTERTAIN INC | 0.90 |
| ZI TECH LLC/ZI FIN CORP | 0.79 |
| MAUSER PACKAGING SOLUT | 0.77 |
| ILLUMINATE BUYER/HLDG | 0.76 |
| IRON MOUNTAIN UK PLC | 0.70 |
| ARDAGH METAL PACKAGING | 0.64 |
| CLYDESDALE ACQUISITION | 0.62 |
| SUMMIT MIDSTREAM HOLDING | 0.60 |
| UNIVISION COMMUNICATIONS | 0.59 |
| Total | 7.31 |
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
• 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.
Fund Overview
| Mid (20/12/2024) | 271.60p |
| Distribution yield | - |
| Underlying yield | 6.20% |
| Fund size (31/10/2024) | £71.40m |
| Number of holdings | 326 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
| Launch date | 15/01/2001 |
Asset Allocation
| International Bonds | 90.79% | |
| UK Corporate Bonds | 5.70% | |
| Cash and Equivalents | 3.08% | |
| Other Assets | 0.43% |
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 | 90.79% | |
| UK Corporate Bonds | 5.70% | |
| Cash and Equivalents | 3.08% | |
| Other Assets | 0.43% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 96.49% | - | - | - | |
| Cash and Equivalents | 3.08% | - | - | - | |
| Non-Classified | 0.43% | - | - | - | |
Regional Allocation
| North America | 71.22% | |
| Developed Europe - Excl UK | 16.91% | |
| UK | 5.70% | |
| Cash and Equivalents | 3.08% | |
| Non-Classified | 2.44% | |
| Australia & New Zealand | 0.39% | |
| Emerging Europe | 0.26% |
Fixed Interest Currencies
| US Dollar | 71.27% | |
| Euro | 20.58% | |
| Pound Sterling | 4.64% | |
| Cash | 3.08% | |
| Non-Fixed Interest Assets | 0.43% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 71.22% | - | |
United States
|
- | 67.35% | |
Canada
|
- | 3.87% | |
| Developed Europe - Excl UK | 16.91% | - | |
Netherlands
|
- | 4.00% | |
France
|
- | 3.98% | |
Luxembourg
|
- | 2.91% | |
Italy
|
- | 2.61% | |
Germany
|
- | 2.06% | |
Ireland
|
- | 0.82% | |
Spain
|
- | 0.53% | |
| UK | 5.70% | - | |
United Kingdom
|
- | 5.70% | |
| Cash and Equivalents | 3.08% | - | |
| Non-Classified | 2.44% | - | |
| Australia & New Zealand | 0.39% | - | |
Australia
|
- | 0.39% | |
| Emerging Europe | 0.26% | - | |
Greece
|
- | 0.26% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
57.12% |
| 5Yr - 10Yr Maturity |
|
35.16% |
| 10Yr - 15Yr Maturity |
|
0.24% |
| > 15Yr Maturity |
|
3.98% |
| Cash And Equivalents |
|
3.08% |
| Unknown Maturity |
|
0.43% |
Fixed Interest Quality Profile
| BBB |
|
2.32% |
| Sub-Investment Grade |
|
70.99% |
| Unknown Quality |
|
23.19% |
| Cash and Equivalents |
|
3.08% |
| Other Asset Types |
|
0.43% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | GETTY IMAGES INC | 0.95% | Bonds | United States |
| 2 | CAESARS ENTERTAIN INC | 0.90% | Bonds | United States |
| 3 | ZI TECH LLC/ZI FIN CORP | 0.79% | Bonds | United States |
| 4 | MAUSER PACKAGING SOLUT | 0.77% | Bonds | United States |
| 5 | ILLUMINATE BUYER/HLDG | 0.76% | Bonds | United States |
| 6 | IRON MOUNTAIN UK PLC | 0.70% | Bonds | United Kingdom |
| 7 | ARDAGH METAL PACKAGING | 0.64% | Bonds | Non-Classified |
| 8 | CLYDESDALE ACQUISITION | 0.62% | Bonds | United States |
| 9 | SUMMIT MIDSTREAM HOLDING | 0.60% | Bonds | United States |
| 10 | UNIVISION COMMUNICATIONS | 0.59% | 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 | 0.53% |
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 |
| 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 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.