AXA Investment Managers UK Ltd AXA Framlington UK Select Opportunities 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 | -19.5% | 34.8% | 6.6% | -8.3% | 2.0% |
| Sector | -19.2% | 38.0% | 5.4% | -1.9% | 7.6% |
| Rank | 131/213 | 99/219 | 114/223 | 183/229 | 211/231 |
| Quartile | 3 | 2 | 3 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -0.1% | 1.6% | 2.8% | |
| Sector | 3.6% | 4.4% | 4.8% | |
| Rank | 169/223 | 195/213 | 177/186 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ASTRAZENECA | 4.60 |
| GSK | 4.08 |
| SHELL | 3.91 |
| BP | 3.59 |
| LONDON STOCK EXCHANGE GROUP | 3.58 |
| EXPERIAN | 3.26 |
| LLOYDS BANKING GROUP | 3.08 |
| ASHTEAD GROUP | 2.71 |
| LEGAL & GENERAL GROUP | 2.49 |
| WEIR GROUP PLC (THE) | 2.46 |
| Total | 33.75 |
Fund Aims
To achieve capital growth by investing in companies, primarily of UK origin, where the Manager believes above average returns can be realised.
Fund Manager
Chris joined AXA Framlington in 2005 as a portfolio manager on the UK small cap desk, responsible for the management of a number of pension funds focused on UK small and mid cap companies. In February 2008 he was appointed Portfolio Man-ager of the UK Smaller Companies Fund.
Previously, Chris worked at ISIS (which later became Foreign & Colonial) until his appointment at AXA Framlington, where he progressed from equity analyst to lead fund manager on four institutional FTSE Small Cap funds. In 2003 he was promoted to lead fund manager of the UK Small Cap retail funds.
Chris began his career at PricewaterhouseCoopers in 1995 as part of the London Middle Market Business Advisory Service. After a short period in the Corporate and International Tax de-partment, he moved to Corporate Finance.
Chris graduated from Durham University in 1995 with an hon-ours degree in Philosophy and Psychology. He qualified as a Chartered Accountant in 1998.
Fund Overview
| Mid (26/04/2024) | 144.30p |
| Historic yield | 2.17% |
| Fund size (31/03/2024) | £588.49m |
| Number of holdings | 55 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
| Launch date | 31/01/1969 |
Asset Allocation
| UK Equities | 96.76% | |
| Cash and Equivalents | 1.73% | |
| Property | 1.51% |
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 | 96.76% | |
| Cash and Equivalents | 1.73% | |
| Property | 1.51% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 21.66% | - | - | - | |
| Industrial Goods & Services | - | 19.44% | - | - | |
| Industrial Support Services | - | - | 6.38% | - | |
| Professional Business Support Services | - | - | - | 5.34% | |
| Industrial Suppliers | - | - | - | 1.04% | |
| Industrial Engineering | - | - | 3.89% | - | |
| Machinery: Construction & Handling | - | - | - | 2.46% | |
| Machinery: Industrial | - | - | - | 1.43% | |
| Aerospace & Defence | - | - | 3.27% | - | |
| Defense | - | - | - | 1.81% | |
| Aerospace | - | - | - | 1.47% | |
| Industrial Transportation | - | - | 2.71% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.71% | |
| Electronic & Electrical Equipment | - | - | 1.75% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 1.75% | |
| General Industrials | - | - | 1.44% | - | |
| Diversified Industrials | - | - | - | 1.44% | |
| Construction & Materials | - | 2.22% | - | - | |
| Construction & Materials | - | - | 2.22% | - | |
| Building Materials: Other | - | - | - | 2.15% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.07% | |
| Financials | 16.03% | - | - | - | |
| Financial Services | - | 5.84% | - | - | |
| Finance & Credit Services | - | - | 3.58% | - | |
| Financial Data & Systems | - | - | - | 3.58% | |
| Investment Banking & Brokerage Services | - | - | 2.26% | - | |
| Investment Services | - | - | - | 1.26% | |
| Asset Managers & Custodians | - | - | - | 1.00% | |
| Banks | - | 5.37% | - | - | |
| Banks | - | - | 5.37% | - | |
| Banks | - | - | - | 5.37% | |
| Insurance | - | 4.82% | - | - | |
| Life Insurance | - | - | 4.82% | - | |
| Life Insurance | - | - | - | 4.82% | |
| Technology | 12.31% | - | - | - | |
| Technology | - | 12.31% | - | - | |
| Software & Computer Services | - | - | 12.31% | - | |
| Software | - | - | - | 5.96% | |
| Consumer Digital Services | - | - | - | 4.96% | |
| Computer Services | - | - | - | 1.40% | |
| Health Care | 12.28% | - | - | - | |
| Health Care | - | 12.28% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 9.09% | - | |
| Pharmaceuticals | - | - | - | 9.09% | |
| Medical Equipment & Services | - | - | 3.19% | - | |
| Medical Equipment | - | - | - | 2.01% | |
| Medical Supplies | - | - | - | 1.18% | |
| Consumer Discretionary | 9.19% | - | - | - | |
| Retail | - | 3.60% | - | - | |
| Retailers | - | - | 3.60% | - | |
| Home Improvement Retailers | - | - | - | 2.39% | |
| Specialty Retailers | - | - | - | 1.21% | |
| Consumer Products & Services | - | 2.39% | - | - | |
| Consumer Services | - | - | 2.39% | - | |
| Vending & Catering Service | - | - | - | 2.39% | |
| Travel & Leisure | - | 2.17% | - | - | |
| Travel & Leisure | - | - | 2.17% | - | |
| Travel & Tourism | - | - | - | 1.20% | |
| Restaurants & Bars | - | - | - | 0.97% | |
| Media | - | 1.03% | - | - | |
| Media | - | - | 1.03% | - | |
| Media Agencies | - | - | - | 1.03% | |
| Energy | 7.74% | - | - | - | |
| Energy | - | 7.74% | - | - | |
| Non-Renewable Energy | - | - | 7.50% | - | |
| Integrated Oil & Gas | - | - | - | 7.50% | |
| Renewable Energy | - | - | 0.24% | - | |
| Alternative Fuels | - | - | - | 0.24% | |
| Consumer Staples | 6.31% | - | - | - | |
| Food, Beverage & Tobacco | - | 4.78% | - | - | |
| Beverages | - | - | 2.74% | - | |
| Distillers & Vintners | - | - | - | 2.00% | |
| Soft Drinks | - | - | - | 0.75% | |
| Food Producers | - | - | 2.03% | - | |
| Food Products | - | - | - | 2.03% | |
| Personal Care, Drug & Grocery Stores | - | 1.53% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.53% | - | |
| Nondurable Household Products | - | - | - | 1.53% | |
| Real Estate | 5.22% | - | - | - | |
| Real Estate | - | 5.22% | - | - | |
| Real Estate Investment & Services | - | - | 3.71% | - | |
| Real Estate Holding and Development | - | - | - | 1.93% | |
| Real Estate Services | - | - | - | 1.78% | |
| Real Estate Investment Trusts | - | - | 1.51% | - | |
| Industrial REITs | - | - | - | 1.51% | |
| Basic Materials | 3.46% | - | - | - | |
| Basic Resources | - | 3.46% | - | - | |
| Industrial Metals & Mining | - | - | 3.46% | - | |
| Copper | - | - | - | 2.06% | |
| Metal Fabricating | - | - | - | 1.40% | |
| Utilities | 2.09% | - | - | - | |
| Utilities | - | 2.09% | - | - | |
| Electricity | - | - | 2.09% | - | |
| Conventional Electricity | - | - | - | 2.09% | |
| Telecommunications | 1.99% | - | - | - | |
| Telecommunications | - | 1.99% | - | - | |
| Telecommunications Equipment | - | - | 1.99% | - | |
| Telecommunications Equipment | - | - | - | 1.99% | |
| Cash and Equivalents | 1.73% | - | - | - | |
| Non-Classified | 0.00% | - | - | - | |
Regional Allocation
| UK | 96.76% | |
| Cash and Equivalents | 1.73% | |
| Property | 1.51% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.93% | |
| Pound Sterling | 0.07% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 96.76% | - | |
United Kingdom
|
- | 96.76% | |
| Cash and Equivalents | 1.73% | - | |
| Property | 1.51% | - | |
Breakdown By Market Cap (%)
| Mega |
|
33.14% |
| Large |
|
19.29% |
| Medium |
|
29.69% |
| Small |
|
9.73% |
| Micro |
|
1.03% |
| Non-Classified |
|
5.38% |
| Cash |
|
1.73% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ASTRAZENECA | 4.60% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | GSK | 4.08% | Pharmaceuticals & Biotechnology | United Kingdom |
| 3 | SHELL | 3.91% | Non-Renewable Energy | United Kingdom |
| 4 | BP | 3.59% | Non-Renewable Energy | United Kingdom |
| 5 | LONDON STOCK EXCHANGE GROUP | 3.58% | Finance & Credit Services | United Kingdom |
| 6 | EXPERIAN | 3.26% | Industrial Support Services | United Kingdom |
| 7 | LLOYDS BANKING GROUP | 3.08% | Banks | United Kingdom |
| 8 | ASHTEAD GROUP | 2.71% | Industrial Transportation | United Kingdom |
| 9 | LEGAL & GENERAL GROUP | 2.49% | Life Insurance | United Kingdom |
| 10 | WEIR GROUP PLC (THE) | 2.46% | Industrial Engineering | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 12.31% | - | - | - | - | - | - | - | 12.31% |
| Telecommunications | 1.99% | - | - | - | - | - | - | - | 1.99% |
| Financials | 16.03% | - | - | - | - | - | - | - | 16.03% |
| Real Estate | 3.71% | - | - | - | - | 1.51% | - | - | 5.22% |
| Consumer Discretionary | 9.19% | - | - | - | - | - | - | - | 9.19% |
| Consumer Staples | 6.31% | - | - | - | - | - | - | - | 6.31% |
| Energy | 7.74% | - | - | - | - | - | - | - | 7.74% |
| Utilities | 2.09% | - | - | - | - | - | - | - | 2.09% |
| Health Care | 12.28% | - | - | - | - | - | - | - | 12.28% |
| Industrials | 21.66% | - | - | - | - | - | - | - | 21.66% |
| Basic Materials | 3.46% | - | - | - | - | - | - | - | 3.46% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.73% | 1.73% |
| Non-Classified | - | - | - | - | - | - | - | - | - |
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 | B7MQVP6 |
| Mex Code | FRSELP |
| Isin Code | GB00B7MQVP68 |
| Citi Code | 11VY |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.91% |
Aims and Benchmark
| Aims | To achieve capital growth by investing in companies, primarily of UK origin, where the Manager believes above average returns can be realised. |
| Benchmark | FTSE All Share (TR) |
| Benchmark Category | - |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.17 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 16 March | 15 May |
| 16 September | 15 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 | The National Westminster Bank plc |
| Fund Administrator | Internal |
| Fund Registrar | DST Financial Services Europe |
| 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 | £100000000 |
| 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 | -3.99 |
| Beta | 1.07 |
| Sharpe | 0.00 |
| Standard Deviation | 13.48 |
| Info Ratio | -1.09 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| 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 | 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
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
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.
Exchange Rate
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.
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.