AXA Investment Managers UK Ltd Distribution Class Z Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
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 |
|
|---|---|---|---|---|---|
| Fund | -8.2% | 14.9% | 5.7% | -5.6% | 3.8% |
| Sector | -7.2% | 19.8% | 2.7% | -4.8% | 7.7% |
| Rank | 85/147 | 137/154 | 24/165 | 111/174 | 170/180 |
| Quartile | 3 | 4 | 1 | 3 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 1.2% | 1.8% | 3.3% | |
| Sector | 1.7% | 3.2% | 3.8% | |
| Rank | 116/165 | 126/147 | 78/103 | |
| Quartile | 3 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ⅛ I-L Treasury 2024 | 8.16 |
| ⅛% Index-linked Treasury Gilt 2026 | 6.68 |
| 2½% Index-linked Treasury Stock 2024 | 3.39 |
| ASTRAZENECA | 3.33 |
| ⅛% Index-linked Treasury Gilt 2028 | 2.41 |
| BP | 2.27 |
| ⅛% Index-linked Treasury Gilt 2029 | 2.20 |
| ASHTEAD GROUP | 2.19 |
| SHELL | 2.12 |
| NATIONAL GRID | 2.06 |
| Total | 34.80 |
Fund Aims
The aim of this Fund is to achieve income with some prospects for capital growth over the long term
Fund Manager
Jamie has been responsible for managing income strategies at AXA IM Framlington Equities since 2009, and is also involved in several segregated, institutional UK equity mandates. He is Fund Manager of the AXA Framlington Blue Chip Equity Income Fund and is co-Manager of the AXA Distribution and AXA Lifetime Distribution Funds. Jamie joined AXA Framlington in 2003 to manage charity, pension and private client portfolios. Prior to AXA IM, he worked as a private client portfolio manager at Brewin Dolphin. Jamie has a BA (Hons) in Economic History and Politics from Exeter University and is a Chartered Fellow of the CISI.
Fund Overview
| Mid (26/04/2024) | 125.50p |
| Historic yield | 4.13% |
| Fund size (31/08/2023) | £485.53m |
| Number of holdings | 95 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.76% |
| Launch date | 17/05/1994 |
Asset Allocation
| UK Equities | 55.76% | |
| UK Gilts | 38.57% | |
| Cash and Equivalents | 4.37% | |
| Property | 0.74% | |
| UK Corporate Bonds | 0.56% |
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
| UK Equities | 55.76% | |
| UK Gilts | 38.57% | |
| Cash and Equivalents | 4.37% | |
| Property | 0.74% | |
| UK Corporate Bonds | 0.56% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 39.13% | - | - | - | |
| Financials | 12.91% | - | - | - | |
| Financial Services | - | 4.67% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.48% | - | |
| Asset Managers & Custodians | - | - | - | 3.07% | |
| Investment Services | - | - | - | 0.41% | |
| Finance & Credit Services | - | - | 1.18% | - | |
| Financial Data & Systems | - | - | - | 1.18% | |
| Insurance | - | 4.54% | - | - | |
| Life Insurance | - | - | 4.07% | - | |
| Life Insurance | - | - | - | 4.07% | |
| Non-life Insurance | - | - | 0.47% | - | |
| Property & Casualty Insurance | - | - | - | 0.47% | |
| Banks | - | 3.70% | - | - | |
| Banks | - | - | 3.70% | - | |
| Banks | - | - | - | 3.70% | |
| Health Care | 7.61% | - | - | - | |
| Health Care | - | 7.61% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 5.92% | - | |
| Pharmaceuticals | - | - | - | 5.15% | |
| Biotechnology | - | - | - | 0.77% | |
| Medical Equipment & Services | - | - | 1.68% | - | |
| Medical Supplies | - | - | - | 1.68% | |
| Consumer Discretionary | 6.64% | - | - | - | |
| Retail | - | 2.54% | - | - | |
| Retailers | - | - | 2.54% | - | |
| Home Improvement Retailers | - | - | - | 1.43% | |
| Apparel Retailers | - | - | - | 1.11% | |
| Consumer Products & Services | - | 2.11% | - | - | |
| Household Goods & Home Construction | - | - | 1.11% | - | |
| Home Construction | - | - | - | 1.11% | |
| Leisure Goods | - | - | 1.00% | - | |
| Toys | - | - | - | 1.00% | |
| Travel & Leisure | - | 1.99% | - | - | |
| Travel & Leisure | - | - | 1.99% | - | |
| Hotels & Motels | - | - | - | 1.42% | |
| Restaurants & Bars | - | - | - | 0.57% | |
| Industrials | 6.10% | - | - | - | |
| Industrial Goods & Services | - | 5.52% | - | - | |
| Industrial Transportation | - | - | 2.19% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.19% | |
| Industrial Support Services | - | - | 2.01% | - | |
| Professional Business Support Services | - | - | - | 2.01% | |
| Industrial Engineering | - | - | 1.33% | - | |
| Machinery: Construction & Handling | - | - | - | 1.33% | |
| Construction & Materials | - | 0.57% | - | - | |
| Construction & Materials | - | - | 0.57% | - | |
| Building Materials: Other | - | - | - | 0.57% | |
| Consumer Staples | 5.45% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 2.89% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 2.89% | - | |
| Nondurable Household Products | - | - | - | 2.06% | |
| Personal Products | - | - | - | 0.84% | |
| Food, Beverage & Tobacco | - | 2.55% | - | - | |
| Beverages | - | - | 1.69% | - | |
| Distillers & Vintners | - | - | - | 1.69% | |
| Food Producers | - | - | 0.87% | - | |
| Food Products | - | - | - | 0.87% | |
| Energy | 5.16% | - | - | - | |
| Energy | - | 5.16% | - | - | |
| Non-Renewable Energy | - | - | 5.16% | - | |
| Integrated Oil & Gas | - | - | - | 4.39% | |
| Oil: Crude Producers | - | - | - | 0.77% | |
| Cash and Equivalents | 4.37% | - | - | - | |
| Basic Materials | 4.00% | - | - | - | |
| Basic Resources | - | 4.00% | - | - | |
| Industrial Metals & Mining | - | - | 4.00% | - | |
| General Mining | - | - | - | 2.25% | |
| Metal Fabricating | - | - | - | 1.75% | |
| Real Estate | 3.82% | - | - | - | |
| Real Estate | - | 3.82% | - | - | |
| Real Estate Investment & Services | - | - | 2.18% | - | |
| Real Estate Services | - | - | - | 1.45% | |
| Real Estate Holding and Development | - | - | - | 0.73% | |
| Real Estate Investment Trusts | - | - | 1.64% | - | |
| Office REITs | - | - | - | 0.90% | |
| Residential REITs | - | - | - | 0.74% | |
| Utilities | 3.67% | - | - | - | |
| Utilities | - | 3.67% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.06% | - | |
| Multi-Utilities | - | - | - | 2.06% | |
| Electricity | - | - | 1.60% | - | |
| Conventional Electricity | - | - | - | 1.60% | |
| Telecommunications | 0.82% | - | - | - | |
| Telecommunications | - | 0.82% | - | - | |
| Telecommunications Service Providers | - | - | 0.82% | - | |
| Telecommunications Services | - | - | - | 0.82% | |
| Technology | 0.33% | - | - | - | |
| Technology | - | 0.33% | - | - | |
| Software & Computer Services | - | - | 0.33% | - | |
| Consumer Digital Services | - | - | - | 0.33% | |
Regional Allocation
| UK | 94.89% | |
| Cash and Equivalents | 4.37% | |
| Property | 0.74% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 60.87% | |
| Pound Sterling | 39.13% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 94.89% | - | |
United Kingdom
|
- | 94.89% | |
| Cash and Equivalents | 4.37% | - | |
| Property | 0.74% | - | |
Breakdown By Market Cap (%)
| Mega |
|
24.52% |
| Large |
|
10.46% |
| Medium |
|
13.99% |
| Small |
|
4.58% |
| Micro |
|
0.46% |
| Non-Classified |
|
2.50% |
| Bonds |
|
39.13% |
| Cash |
|
4.37% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ⅛ I-L Treasury 2024 | 8.16% | Bonds | United Kingdom |
| 2 | ⅛% Index-linked Treasury Gilt 2026 | 6.68% | Bonds | United Kingdom |
| 3 | 2½% Index-linked Treasury Stock 2024 | 3.39% | Bonds | United Kingdom |
| 4 | ASTRAZENECA | 3.33% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | ⅛% Index-linked Treasury Gilt 2028 | 2.41% | Bonds | United Kingdom |
| 6 | BP | 2.27% | Non-Renewable Energy | United Kingdom |
| 7 | ⅛% Index-linked Treasury Gilt 2029 | 2.20% | Bonds | United Kingdom |
| 8 | ASHTEAD GROUP | 2.19% | Industrial Transportation | United Kingdom |
| 9 | SHELL | 2.12% | Non-Renewable Energy | United Kingdom |
| 10 | NATIONAL GRID | 2.06% | Gas, Water & Multi-utilities | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.33% | - | - | - | - | - | - | - | 0.33% |
| Telecommunications | 0.82% | - | - | - | - | - | - | - | 0.82% |
| Financials | 12.91% | - | - | - | - | - | - | - | 12.91% |
| Real Estate | 3.08% | - | - | - | - | 0.74% | - | - | 3.82% |
| Consumer Discretionary | 6.64% | - | - | - | - | - | - | - | 6.64% |
| Consumer Staples | 5.45% | - | - | - | - | - | - | - | 5.45% |
| Energy | 5.16% | - | - | - | - | - | - | - | 5.16% |
| Utilities | 3.67% | - | - | - | - | - | - | - | 3.67% |
| Health Care | 7.61% | - | - | - | - | - | - | - | 7.61% |
| Industrials | 6.10% | - | - | - | - | - | - | - | 6.10% |
| Basic Materials | 4.00% | - | - | - | - | - | - | - | 4.00% |
| Cash and Equivalents | - | - | - | - | - | - | - | 4.37% | 4.37% |
| Bonds | - | - | 0.56% | - | 38.57% | - | - | - | 39.13% |
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 | 0616054 |
| Mex Code | SNDIIA |
| Isin Code | GB0006160542 |
| Citi Code | AD95 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.76% |
Aims and Benchmark
| Aims | The aim of this Fund is to achieve income with some prospects for capital growth over the long term |
| Benchmark | Custom: 55% FTSE All-Share, 17.5% FTA Index Linked All Stocks,17.5% FTA Index Linked < 5 Years, 3.5% FTA Gilt All Stocks, 3.5% FTA Gilts < 5 Years, 3% Libid 7 Day |
| Benchmark Category | - |
| IA Sector | Mixed Investment 20-60% Shares |
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 | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 March | 30 April |
| 01 June | 31 July |
| 01 September | 31 October |
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.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.20 |
| Beta | 1.31 |
| Sharpe | 0.00 |
| Standard Deviation | 9.88 |
| Info Ratio | -0.17 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Value of Investments
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 Long Term
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.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
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.
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.