AXA Investment Managers UK Ltd AXA Framlington Monthly Income 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 | -21.4% | 38.1% | 12.9% | -7.7% | -0.1% |
| Sector | -20.6% | 32.6% | 10.8% | 0.2% | 7.6% |
| Rank | 43/74 | 19/74 | 22/75 | 70/77 | 76/77 |
| Quartile | 3 | 1 | 2 | 4 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 1.4% | 2.5% | 4.3% | |
| Sector | 6.1% | 4.7% | 4.9% | |
| Rank | 69/75 | 65/74 | 43/63 | |
| Quartile | 4 | 4 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SHELL | 7.16 |
| BP | 6.01 |
| GSK | 4.66 |
| ASTRAZENECA | 4.37 |
| HSBC HOLDINGS | 4.32 |
| RIO TINTO | 3.35 |
| LEGAL & GENERAL GROUP | 3.19 |
| INTERMEDIATE CAPITAL GROUP | 3.11 |
| BRITISH AMERICAN TOBACCO | 2.92 |
| 3i Group Plc 3i Group Plc Ord GBP0.738636 | 2.81 |
| Total | 41.90 |
Fund Aims
To combine a regular income with the potential for long term capital growth. The Fund will invest mainly in equities and fixed interest securities. The Fund provides monthly income payable direct to a UK bank or building society account.
Fund Manager
George graduated from Cambridge with a degree in Engineering and Land Economy in 1980. Following his graduation, he joined Carrington Pembroke (subsequently ABN AMRO and now Artemis Unit Trust Managers) where he was Head of UK Equities. George moved to AXA Framlington in September 2002. He is fund manager for the Equity Income, Managed Income and Monthly Income Funds.
Fund Overview
| Mid (26/04/2024) | 129.60p |
| Historic yield | 6.14% |
| Fund size (31/03/2024) | £164.91m |
| Number of holdings | 55 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.99% |
| Launch date | 26/10/1984 |
Asset Allocation
| UK Equities | 93.83% | |
| Property | 4.80% | |
| Cash and Equivalents | 1.37% |
Commentary
Main changes to the portfolio during August During the month we purchased a holding in Legal & General. There are signs that attitudes to savings are improving and the shares have an attractive yield. The proceeds of the MacLellan takeover were received.
Factors affecting performance during August The portfolio underperformed, mainly due to falls of nearly 10% in Pendragon, Raymarine and Topps Tiles. All 3 have been good contributors to fund performance in the past.
Current market influences and outlook The rapid slowdown in the US housing market raises the prospect that the US economy will be weaker than expected in 2007. The recent decline in the oil price will help soothe nerves among central bankers.
Past performance is not a guide to future performance. Source: AXA Framlington
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 | 93.83% | |
| Property | 4.80% | |
| Cash and Equivalents | 1.37% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 29.66% | - | - | - | |
| Financial Services | - | 13.10% | - | - | |
| Investment Banking & Brokerage Services | - | - | 12.28% | - | |
| Asset Managers & Custodians | - | - | - | 10.33% | |
| Investment Services | - | - | - | 1.26% | |
| Diversified Financial Services | - | - | - | 0.69% | |
| Finance & Credit Services | - | - | 0.82% | - | |
| Consumer Lending | - | - | - | 0.77% | |
| Mortgage Finance | - | - | - | 0.05% | |
| Insurance | - | 10.23% | - | - | |
| Life Insurance | - | - | 7.08% | - | |
| Life Insurance | - | - | - | 7.08% | |
| Non-life Insurance | - | - | 3.14% | - | |
| Property & Casualty Insurance | - | - | - | 1.60% | |
| Reinsurance | - | - | - | 1.54% | |
| Banks | - | 6.33% | - | - | |
| Banks | - | - | 6.33% | - | |
| Banks | - | - | - | 6.33% | |
| Energy | 13.17% | - | - | - | |
| Energy | - | 13.17% | - | - | |
| Non-Renewable Energy | - | - | 13.17% | - | |
| Integrated Oil & Gas | - | - | - | 13.17% | |
| Consumer Staples | 11.22% | - | - | - | |
| Food, Beverage & Tobacco | - | 6.33% | - | - | |
| Tobacco | - | - | 2.92% | - | |
| Tobacco | - | - | - | 2.92% | |
| Food Producers | - | - | 2.17% | - | |
| Food Products | - | - | - | 2.17% | |
| Beverages | - | - | 1.24% | - | |
| Distillers & Vintners | - | - | - | 1.24% | |
| Personal Care, Drug & Grocery Stores | - | 4.88% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.88% | - | |
| Personal Products | - | - | - | 2.65% | |
| Food Retailers & Wholesalers | - | - | - | 2.23% | |
| Health Care | 9.03% | - | - | - | |
| Health Care | - | 9.03% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 9.03% | - | |
| Pharmaceuticals | - | - | - | 9.03% | |
| Consumer Discretionary | 8.31% | - | - | - | |
| Retail | - | 3.45% | - | - | |
| Retailers | - | - | 3.45% | - | |
| Home Improvement Retailers | - | - | - | 2.23% | |
| Specialty Retailers | - | - | - | 1.22% | |
| Consumer Products & Services | - | 3.22% | - | - | |
| Household Goods & Home Construction | - | - | 2.61% | - | |
| Home Construction | - | - | - | 1.84% | |
| Household Equipment & Products | - | - | - | 0.77% | |
| Leisure Goods | - | - | 0.61% | - | |
| Toys | - | - | - | 0.61% | |
| Media | - | 1.64% | - | - | |
| Media | - | - | 1.64% | - | |
| Radio & TV Broadcasters | - | - | - | 1.12% | |
| Publishing | - | - | - | 0.52% | |
| Industrials | 7.94% | - | - | - | |
| Industrial Goods & Services | - | 3.99% | - | - | |
| Industrial Support Services | - | - | 2.45% | - | |
| Professional Business Support Services | - | - | - | 1.62% | |
| Business Training & Employment Agencies | - | - | - | 0.83% | |
| Industrial Transportation | - | - | 1.54% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.54% | |
| Construction & Materials | - | 3.95% | - | - | |
| Construction & Materials | - | - | 3.95% | - | |
| Building Materials: Other | - | - | - | 3.95% | |
| Basic Materials | 6.09% | - | - | - | |
| Basic Resources | - | 5.50% | - | - | |
| Industrial Metals & Mining | - | - | 5.50% | - | |
| General Mining | - | - | - | 5.50% | |
| Chemicals | - | 0.59% | - | - | |
| Chemicals | - | - | 0.59% | - | |
| Specialty Chemicals | - | - | - | 0.59% | |
| Real Estate | 5.27% | - | - | - | |
| Real Estate | - | 5.27% | - | - | |
| Real Estate Investment Trusts | - | - | 4.80% | - | |
| Residential REITs | - | - | - | 1.81% | |
| Diversified REITs | - | - | - | 1.56% | |
| Retail REITs | - | - | - | 0.98% | |
| Industrial REITs | - | - | - | 0.45% | |
| Real Estate Investment & Services | - | - | 0.47% | - | |
| Real Estate Holding and Development | - | - | - | 0.47% | |
| Utilities | 4.52% | - | - | - | |
| Utilities | - | 4.52% | - | - | |
| Gas, Water & Multi-utilities | - | - | 2.52% | - | |
| Multi-Utilities | - | - | - | 2.52% | |
| Electricity | - | - | 2.00% | - | |
| Conventional Electricity | - | - | - | 2.00% | |
| Cash and Equivalents | 1.37% | - | - | - | |
| Non-Classified | 1.25% | - | - | - | |
| Telecommunications | 1.14% | - | - | - | |
| Telecommunications | - | 1.14% | - | - | |
| Telecommunications Service Providers | - | - | 1.14% | - | |
| Telecommunications Services | - | - | - | 1.14% | |
| Technology | 1.02% | - | - | - | |
| Technology | - | 1.02% | - | - | |
| Software & Computer Services | - | - | 1.02% | - | |
| Software | - | - | - | 1.02% | |
Regional Allocation
| UK | 93.83% | |
| Property | 4.80% | |
| Cash and Equivalents | 1.37% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 96.83% | |
| Cash | 3.17% | |
| Pound Sterling | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 93.83% | - | |
United Kingdom
|
- | 93.83% | |
| Property | 4.80% | - | |
| Cash and Equivalents | 1.37% | - | |
Breakdown By Market Cap (%)
| Mega |
|
40.08% |
| Large |
|
11.53% |
| Medium |
|
12.41% |
| Small |
|
15.04% |
| Micro |
|
10.40% |
| Non-Classified |
|
9.18% |
| Cash |
|
1.37% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SHELL | 7.16% | Non-Renewable Energy | United Kingdom |
| 2 | BP | 6.01% | Non-Renewable Energy | United Kingdom |
| 3 | GSK | 4.66% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | ASTRAZENECA | 4.37% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | HSBC HOLDINGS | 4.32% | Banks | United Kingdom |
| 6 | RIO TINTO | 3.35% | Industrial Metals & Mining | United Kingdom |
| 7 | LEGAL & GENERAL GROUP | 3.19% | Life Insurance | United Kingdom |
| 8 | INTERMEDIATE CAPITAL GROUP | 3.11% | Investment Banking & Brokerage Services | United Kingdom |
| 9 | BRITISH AMERICAN TOBACCO | 2.92% | Tobacco | United Kingdom |
| 10 | 3i Group Plc 3i Group Plc Ord GBP0.738636 | 2.81% | Investment Banking & Brokerage Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 1.02% | - | - | - | - | - | - | - | 1.02% |
| Telecommunications | 1.14% | - | - | - | - | - | - | - | 1.14% |
| Financials | 29.66% | - | - | - | - | - | - | - | 29.66% |
| Real Estate | 0.47% | - | - | - | - | 4.80% | - | - | 5.27% |
| Consumer Discretionary | 8.31% | - | - | - | - | - | - | - | 8.31% |
| Consumer Staples | 11.22% | - | - | - | - | - | - | - | 11.22% |
| Energy | 13.17% | - | - | - | - | - | - | - | 13.17% |
| Utilities | 4.52% | - | - | - | - | - | - | - | 4.52% |
| Health Care | 9.03% | - | - | - | - | - | - | - | 9.03% |
| Industrials | 7.94% | - | - | - | - | - | - | - | 7.94% |
| Basic Materials | 6.09% | - | - | - | - | - | - | - | 6.09% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.37% | 1.37% |
| Non-Classified | 1.25% | - | - | - | - | - | - | - | 1.25% |
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 | B7MMK57 |
| Mex Code | FRMOTH |
| Isin Code | GB00B7MMK577 |
| Citi Code | 11VS |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.99% |
Aims and Benchmark
| Aims | To combine a regular income with the potential for long term capital growth. The Fund will invest mainly in equities and fixed interest securities. The Fund provides monthly income payable direct to a UK bank or building society account. |
| Benchmark | FTSE All Share (TR) |
| Benchmark Category | - |
| IA Sector | UK Equity Income |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Monthly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 07 December | 06 January |
| 07 January | 06 February |
| 07 February | 06 March |
| 07 March | 06 April |
| 07 April | 06 May |
| 07 May | 06 June |
| 07 June | 06 July |
| 07 July | 06 August |
| 07 August | 06 September |
| 07 September | 06 October |
| 07 October | 06 November |
| 07 November | 06 December |
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 | £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 | -3.20 |
| Beta | 0.81 |
| Sharpe | 0.00 |
| Standard Deviation | 10.37 |
| Info Ratio | -0.80 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | Yes |
| High Yield Bonds | Yes |
| 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).
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.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
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.