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
Global Hypmsmanager
for
3 years
and 9 months
TBC
Michael Grahammanager
for
3 years
and 8 months
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.
Fund Overview
Mid (12/10/2018)
91.79p
Distribution yield
0.00%
Underlying yield
5.30%
Fund size (31/03/2025)
£75.86m
Number of holdings
347
Entry Charge
0.00%
Ongoing Charges
0.55%
Launch date
15/01/2001
Asset Allocation
International Bonds
86.34%
UK Corporate Bonds
7.02%
Cash and Equivalents
5.79%
Other Assets
0.85%
Commentary
[No data]
Portfolio data accurate as at: 31/03/25
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
International Bonds
86.34%
UK Corporate Bonds
7.02%
Cash and Equivalents
5.79%
Other Assets
0.85%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
93.36%
-
-
-
Cash and Equivalents
5.79%
-
-
-
Non-Classified
0.85%
-
-
-
Regional Allocation
North America
65.07%
Developed Europe - Excl UK
18.12%
UK
7.21%
Cash and Equivalents
5.79%
Non-Classified
3.48%
Australia & New Zealand
0.32%
Fixed Interest Currencies
US Dollar
66.97%
Euro
20.73%
Non-Fixed Interest Assets
6.64%
Pound Sterling
5.66%
Regional Breakdown
Expand allCollapse all
Region
Country
North America
65.07%
-
United States
-
61.46%
Canada
-
3.62%
Developed Europe - Excl UK
18.12%
-
France
-
4.16%
Netherlands
-
3.72%
Luxembourg
-
2.69%
Germany
-
2.43%
Italy
-
2.24%
Ireland
-
1.47%
Spain
-
0.74%
Portugal
-
0.46%
Sweden
-
0.11%
Belgium
-
0.11%
UK
7.21%
-
United Kingdom
-
7.02%
Jersey
-
0.19%
Cash and Equivalents
5.79%
-
Non-Classified
3.48%
-
Australia & New Zealand
0.32%
-
Australia
-
0.32%
Fixed Interest Maturity Profile
< 5Yr Maturity
55.81%
5Yr - 10Yr Maturity
32.83%
> 15Yr Maturity
4.72%
Cash And Equivalents
5.79%
Unknown Maturity
0.85%
Fixed Interest Quality Profile
A
0.24%
BBB
4.07%
Sub-Investment Grade
66.71%
Unknown Quality
22.34%
Cash and Equivalents
5.79%
Other Asset Types
0.85%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
CAESARS ENTERTAIN INC
0.85%
Bonds
United States
2
ZI TECH LLC/ZI FIN CORP
0.70%
Bonds
United States
3
ROYAL CARIBBEAN CRUISES
0.69%
Bonds
United States
4
IRON MOUNTAIN UK PLC
0.66%
Bonds
United Kingdom
5
MAUSER PACKAGING SOLUT
0.63%
Bonds
United States
6
SUMMIT MIDSTREAM HOLDING
0.60%
Bonds
Non-Classified
7
ARDAGH METAL PACKAGING
0.58%
Bonds
Non-Classified
8
CLOUD SOFTWARE GRP INC
0.57%
Bonds
United States
9
ILLUMINATE BUYER/HLDG
0.55%
Bonds
United States
10
GETTY IMAGES INC
0.53%
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 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
B0T9V48
Mex Code
ELHHIN
Isin Code
GB00B0T9V482
Citi Code
QU32
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.55%
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
ICE BofA Developed Markets High Yield Constrained Hedged GBP Index*
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
Net
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
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
3 days
Settlement Period: Sell
3 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.
Report And Accounts
Simplified Prospectus / KIID
TBC
United States
Canada
France
Netherlands
Luxembourg
Germany
Italy
Ireland
Spain
Portugal
Sweden
Belgium
United Kingdom
Jersey
Australia
