AXA Investment Managers UK Ltd AXA Framlington Global Sustainable Managed Class Z Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 9.1% 12.3% 1.7% -2.0% 9.8%
Sector 5.1% 10.7% 4.0% -1.0% 6.2%
Rank 16/168 74/181 146/195 131/205 36/211
Quartile 1 2 3 3 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 3.1% 6.1% 5.8%
Sector 3.0% 4.9% 5.2%
Rank 102/195 47/168 34/107
Quartile 3 2 2

Top 10 Holdings

Stock % Weight
MICROSOFT CORPORATION 1.61
Government Of Japan 0.1% 20-sep-2026 1.56
ASTRAZENECA 1.56
APPLE 1.56
ALPHABET INC 1.33
Government Of The United States Of America 1.125% 31-oct-2026 1.29
COSTCO WHOLESALE CORPORATION 1.24
BP 1.21
Government Of The United States Of America 3.375% 15-may-2033 1.21
INTUITIVE SURGICAL 1.18
Total 13.75

Fund Aims

The aim of this Fund is to provide long-term capital growth over a period of 5 years or more.

The Fund invests in shares of listed companies which the Manager believes will provide above-average returns. The Fund invests in companies of any size and based anywhere in the world (including emerging markets). The Manager seeks to reduce the impact on the Fund of fluctuations in value of equity markets by investing in bonds issued by developed market governments. The Fund’s typical asset mix ranges between 60 – 85% of its Net Asset Value in shares, with the remainder being mainly in bonds and cash. The Manager invests in issuers of shares of listed companies which it believes have leading or improving environmental, social and governance (ESG) practices. These companies will either demonstrate leadership on sustainability issues (such as promoting better social outcomes, increasing the amount of renewable energy and using the planet’s resources more sustainably and increased digitalisation) through strong ESG practices (“leaders”) or will have shown a clear commitment to improve their ESG practices (“companies in transition”). The majority of the Fund’s equity investments (50% or more) will be in “leaders”. The Manager will actively engage on sustainability issues with a particular focus on “companies in transition”. When selecting shares, the Manager will also analyse a company’s financial status, quality of its management, expected profitability and prospects for growth. In selecting investments(bonds and shares), the Manager will take into account the company’s or issuer’s ESG score as one factor within its broader analysis of the company or issuer to identify investments which are expected to generate long-term capital growth. The Manager believes that companies and issuers with higher or improving ESG scores manage risk associated with ESG issues more effectively, contributing to better financial performance of such companies and issuers in the long term. ESG scores are obtained from our selected external provider(s) as detailed in the “Responsible Investment” section above. The “Responsible Investment” section of this prospectus contains details on our selected external provider(s). The Manager will only consider the lowest scoring companies or issuers in exceptional circumstances.

Fund Manager

Jamie Forbes-Wilson manager for 3 years and 2 months

Photo of Jamie Forbes-Wilson Jamie joined AXA Framlington in 2003 as an investment manager responsible for charity, pension and private client portfolios. He began his career in 1996 as a graduate trainee with Wise Speke, a regional private client stockbroking firm. The company subsequently became part of Brewin Dolphin, where he worked as a private client portfolio manager. Jamie graduated from Exeter University in 1996 with a BA (Hons) degree in Economic History and Politics. He is a Fellow of the Securities Institute (FSI).

Fund Overview

Mid (27/03/2024) 198.30p
Historic yield 1.27%
Fund size (31/01/2024) £875.83m
Number of holdings 168
Entry Charge 0.00%
Ongoing Charges 0.69%
Launch date 31/12/1992

Asset Allocation

pie chart
  International Equities 55.52%
  UK Equities 26.61%
  International Bonds 8.78%
  UK Gilts 5.66%
  Cash and Equivalents 2.72%
  Property 0.71%

Commentary

Main changes to the portfolio during August There were no significant changes to asset allocation during August. At the stock level we were reasonably active but there were few new investments and in general we used new cash to add to existing holdings. In the UK, however, we made a new investment in Marks & Spencer, which appears to be bucking the dull trend in the high street and we expect forecast upgrades.

Factors affecting performance during August World equity markets were strong in August though sterling's strength reduced returns for sterling based investors. The UK equity market also underperformed in local currency terms. The US Federal Reserve Board's decision to leave interest rates unchanged produced a change in expectations for interest rates and a better tone in markets. Bond yields also fell as a result and bonds produced positive returns. Global earnings estimates continue to be revised up in aggregate though the picture was more mixed than of late with oils and banks still strong. In the UK the FTSE 100 lagged the rest of the market, returning only 0.3%. The decision by the Monetary Policy Committee to increase interest rates to 4.75% was not expected but nevertheless the FTSE 250 and FTSE SmallCap indices were much stronger and returned 2.9% and 2.1% respectively.

Current market influences and outlook The economic and corporate news background continues to be positive for equities and we remain generally sanguine about the level of markets. Valuations do not, however, look particularly compelling so we expect only modest progress in the coming months. We continue to search for situations that can add value even if markets move little.

Past performance is not a guide to future performance. Source: AXA Framlington

Portfolio data accurate as at: 31/01/24

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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 55.52%
  UK Equities 26.61%
  International Bonds 8.78%
  UK Gilts 5.66%
  Cash and Equivalents 2.72%
  Property 0.71%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Technology 15.77% - - -
 
Technology - 15.77% - -
 
Software & Computer Services - - 10.52% -
 
Software - - - 7.82%
 
Consumer Digital Services - - - 1.76%
 
Computer Services - - - 0.93%
 
Technology Hardware & Equipment - - 5.25% -
 
Semiconductors - - - 1.60%
 
Computer Hardware - - - 1.56%
 
Production Technology Equipment - - - 1.16%
 
Electronic Components - - - 0.60%
 
Electronic Office Equipment - - - 0.34%
 
Bonds 14.44% - - -
 
Consumer Discretionary 13.77% - - -
 
Travel & Leisure - 4.08% - -
 
Travel & Leisure - - 4.08% -
 
Restaurants & Bars - - - 2.04%
 
Travel & Tourism - - - 1.01%
 
Recreational Services - - - 0.70%
 
Hotels & Motels - - - 0.33%
 
Retail - 4.04% - -
 
Retailers - - 4.04% -
 
Diversified Retailers - - - 2.55%
 
Apparel Retailers - - - 0.94%
 
Specialty Retailers - - - 0.55%
 
Consumer Products & Services - 3.61% - -
 
Leisure Goods - - 1.74% -
 
Electronic Entertainment - - - 1.27%
 
Consumer Electronics - - - 0.47%
 
Personal Goods - - 1.08% -
 
Cosmetics - - - 0.61%
 
Clothing & Accessories - - - 0.47%
 
Household Goods & Home Construction - - 0.79% -
 
Home Construction - - - 0.79%
 
Automobiles & Parts - 1.61% - -
 
Automobiles & Parts - - 1.61% -
 
Automobiles - - - 1.04%
 
Auto Parts - - - 0.57%
 
Media - 0.43% - -
 
Media - - 0.43% -
 
Media Agencies - - - 0.43%
 
Health Care 11.89% - - -
 
Health Care - 11.89% - -
 
Pharmaceuticals & Biotechnology - - 5.99% -
 
Pharmaceuticals - - - 4.81%
 
Biotechnology - - - 1.18%
 
Medical Equipment & Services - - 5.90% -
 
Medical Equipment - - - 3.02%
 
Medical Supplies - - - 2.88%
 
Financials 11.88% - - -
 
Financial Services - 6.08% - -
 
Investment Banking & Brokerage Services - - 5.31% -
 
Asset Managers & Custodians - - - 2.70%
 
Investment Services - - - 2.27%
 
Diversified Financial Services - - - 0.34%
 
Finance & Credit Services - - 0.77% -
 
Financial Data & Systems - - - 0.77%
 
Insurance - 4.56% - -
 
Life Insurance - - 2.64% -
 
Life Insurance - - - 2.64%
 
Non-life Insurance - - 1.92% -
 
Property & Casualty Insurance - - - 1.42%
 
Full Line Insurance - - - 0.50%
 
Banks - 1.24% - -
 
Banks - - 1.24% -
 
Banks - - - 1.24%
 
Industrials 11.47% - - -
 
Industrial Goods & Services - 10.63% - -
 
Industrial Support Services - - 4.91% -
 
Transaction Processing Services - - - 3.07%
 
Professional Business Support Services - - - 1.31%
 
Business Training & Employment Agencies - - - 0.33%
 
Security Services - - - 0.20%
 
Electronic & Electrical Equipment - - 2.19% -
 
Electrical Components - - - 1.88%
 
Electronic Equipment: Gauges & Meters - - - 0.31%
 
Industrial Engineering - - 1.16% -
 
Machinery: Construction & Handling - - - 1.16%
 
General Industrials - - 0.84% -
 
Diversified Industrials - - - 0.84%
 
Industrial Transportation - - 0.83% -
 
Commercial Vehicle-Equipment Leasing - - - 0.83%
 
Aerospace & Defence - - 0.70% -
 
Defense - - - 0.70%
 
Construction & Materials - 0.84% - -
 
Construction & Materials - - 0.84% -
 
Construction - - - 0.42%
 
Building Materials: Other - - - 0.42%
 
Consumer Staples 5.62% - - -
 
Food, Beverage & Tobacco - 4.38% - -
 
Food Producers - - 3.72% -
 
Food Products - - - 3.72%
 
Beverages - - 0.65% -
 
Distillers & Vintners - - - 0.65%
 
Personal Care, Drug & Grocery Stores - 1.24% - -
 
Personal Care, Drug & Grocery Stores - - 1.24% -
 
Nondurable Household Products - - - 0.91%
 
Personal Products - - - 0.33%
 
Basic Materials 3.58% - - -
 
Basic Resources - 2.21% - -
 
Industrial Metals & Mining - - 2.21% -
 
General Mining - - - 0.94%
 
Metal Fabricating - - - 0.86%
 
Copper - - - 0.41%
 
Chemicals - 1.37% - -
 
Chemicals - - 1.37% -
 
Chemicals: Diversified - - - 1.37%
 
Real Estate 3.11% - - -
 
Real Estate - 3.11% - -
 
Real Estate Investment Trusts - - 1.95% -
 
Infrastructure REITs - - - 0.72%
 
Diversified REITs - - - 0.71%
 
Storage REITs - - - 0.52%
 
Real Estate Investment & Services - - 1.16% -
 
Real Estate Holding and Development - - - 0.68%
 
Real Estate Services - - - 0.48%
 
Cash and Equivalents 2.72% - - -
 
Utilities 2.43% - - -
 
Utilities - 2.43% - -
 
Electricity - - 1.64% -
 
Conventional Electricity - - - 1.64%
 
Gas, Water & Multi-utilities - - 0.60% -
 
Multi-Utilities - - - 0.60%
 
Waste & Disposal Services - - 0.18% -
 
Waste & Disposal Services - - - 0.18%
 
Energy 1.73% - - -
 
Energy - 1.73% - -
 
Non-Renewable Energy - - 1.49% -
 
Integrated Oil & Gas - - - 1.21%
 
Oil Refining and Marketing - - - 0.28%
 
Renewable Energy - - 0.23% -
 
Alternative Fuels - - - 0.23%
 
Telecommunications 1.60% - - -
 
Telecommunications - 1.60% - -
 
Telecommunications Service Providers - - 1.20% -
 
Telecommunications Services - - - 1.20%
 
Telecommunications Equipment - - 0.40% -
 
Telecommunications Equipment - - - 0.40%

Regional Allocation

pie chart
  North America 32.98%
  UK 32.27%
  Developed Europe - Excl UK 16.93%
  Japan 9.56%
  Cash and Equivalents 2.72%
  Australia & New Zealand 2.05%
  Emerging Asia 1.30%
  Developed Asia 1.14%
  Property 0.71%
  Other Regions 0.34%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 82.84%
  Pound Sterling 5.66%
  US Dollar 5.38%
  Cash 2.72%
  Yen 1.81%
  Euro 1.24%
  Swiss Franc 0.36%

Regional Breakdown

Expand allCollapse all
Region Country
 
North America 32.98% -
 
United States - 32.98%
 
UK 32.27% -
 
United Kingdom - 32.27%
 
Developed Europe - Excl UK 16.93% -
 
France - 4.33%
 
Switzerland - 3.62%
 
Germany - 2.74%
 
Ireland - 1.31%
 
Spain - 1.27%
 
Denmark - 0.96%
 
Netherlands - 0.80%
 
Finland - 0.71%
 
Italy - 0.65%
 
Belgium - 0.33%
 
Norway - 0.22%
 
Japan 9.56% -
 
Japan - 9.56%
 
Cash and Equivalents 2.72% -
 
Australia & New Zealand 2.05% -
 
Australia - 2.05%
 
Emerging Asia 1.30% -
 
South Korea - 0.56%
 
China - 0.45%
 
Taiwan - 0.29%
 
Developed Asia 1.14% -
 
Hong Kong - 1.14%
 
Property 0.71% -
 
South & Central America 0.20% -
 
Mexico - 0.20%
 
Middle East & Africa 0.14% -
 
South Africa - 0.14%

Breakdown By Market Cap (%)

Mega
 
 
48.28%
Large
 
 
17.35%
Medium
 
 
10.33%
Small
 
 
2.07%
Micro
 
 
1.17%
Non-Classified
 
 
3.63%
Bonds
 
 
14.44%
Cash
 
 
2.72%

Top 10 Holdings

Stock % Weight Sector Country
1 MICROSOFT CORPORATION 1.61% Software & Computer Services United States
2 Government Of Japan 0.1% 20-sep-2026 1.56% Bonds Japan
3 ASTRAZENECA 1.56% Pharmaceuticals & Biotechnology United Kingdom
4 APPLE 1.56% Technology Hardware & Equipment United States
5 ALPHABET INC 1.33% Software & Computer Services United States
6 Government Of The United States Of America 1.125% 31-oct-2026 1.29% Bonds United States
7 COSTCO WHOLESALE CORPORATION 1.24% Retailers United States
8 BP 1.21% Non-Renewable Energy United Kingdom
9 Government Of The United States Of America 3.375% 15-may-2033 1.21% Bonds United States
10 INTUITIVE SURGICAL 1.18% Medical Equipment & Services United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.54% 14.23% - - - - - - 15.77%
Telecommunications 0.46% 1.14% - - - - - - 1.60%
Financials 5.41% 6.47% - 0.36% - - - - 12.23%
Real Estate 1.68% 0.72% - - - 0.71% - - 3.11%
Consumer Discretionary 2.61% 11.16% - - - - - - 13.77%
Consumer Staples 2.48% 3.14% - - - - - - 5.62%
Energy 1.45% 0.28% - - - - - - 1.73%
Utilities 1.42% 1.01% - - - - - - 2.43%
Health Care 3.89% 8.01% - - - - - - 11.89%
Industrials 3.89% 7.58% - - - - - - 11.47%
Basic Materials 1.80% 1.78% - - - - - - 3.58%
Cash and Equivalents - - - - - - - 2.72% 2.72%
Bonds - - - 8.43% 5.66% - - - 14.08%

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 B7MQY79
Mex Code FRMNGB
Isin Code GB00B7MQY793
Citi Code 11VM

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.69%

Aims and Benchmark

Aims The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies which the Manager believes will provide above-average returns. The Fund invests in companies of any size and based anywhere in the world (including emerging markets). The Manager seeks to reduce the impact on the Fund of fluctuations in value of equity markets by investing in bonds issued by developed market governments. The Fund’s typical asset mix ranges between 60 – 85% of its Net Asset Value in shares, with the remainder being mainly in bonds and cash. The Manager invests in issuers of shares of listed companies which it believes have leading or improving environmental, social and governance (ESG) practices. These companies will either demonstrate leadership on sustainability issues (such as promoting better social outcomes, increasing the amount of renewable energy and using the planet’s resources more sustainably and increased digitalisation) through strong ESG practices (“leaders”) or will have shown a clear commitment to improve their ESG practices (“companies in transition”). The majority of the Fund’s equity investments (50% or more) will be in “leaders”. The Manager will actively engage on sustainability issues with a particular focus on “companies in transition”. When selecting shares, the Manager will also analyse a company’s financial status, quality of its management, expected profitability and prospects for growth. In selecting investments(bonds and shares), the Manager will take into account the company’s or issuer’s ESG score as one factor within its broader analysis of the company or issuer to identify investments which are expected to generate long-term capital growth. The Manager believes that companies and issuers with higher or improving ESG scores manage risk associated with ESG issues more effectively, contributing to better financial performance of such companies and issuers in the long term. ESG scores are obtained from our selected external provider(s) as detailed in the “Responsible Investment” section above. The “Responsible Investment” section of this prospectus contains details on our selected external provider(s). The Manager will only consider the lowest scoring companies or issuers in exceptional circumstances.
Benchmark IA Mixed Investment 40-85% Shares
Benchmark Category -
IA Sector Mixed Investment 40-85% Shares

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 Annually
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 January 28 February

Ratings

FE Crown Crown Rating of 2

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
Email 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.