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AXA Global High Income Z Gross Acc

Performance History31/08/2019
Growth of 1,000 (GBP) Advanced Graph
AXA Global High Income Z Gross Acc
Fund-4.912.66.4-3.68.3
+/-Cat-2.30.90.60.3-0.3
+/-B’mrk-2.8-3.1-0.30.0-1.0
 
Key Stats
NAV
20/09/2019
 GBX 225.40
Day Change 0.09%
Morningstar Category™ Global High Yield Bond - GBP Hedged
IA (formerly IMA) Sector £ High Yield
ISIN GB00B29NGF01
Fund Size (Mil)
31/08/2018
 GBP 113.57
Share Class Size (Mil)
20/09/2019
 GBP 32.11
Max Initial Charge -
Ongoing Charge
07/08/2019
  0.57%
Morningstar Research
Analyst Report

Investors in this strategy benefit from a team of two very experienced portfolio managers that utilise a differentiated approach to high-yield investing. Our Positive view on People, Process, and Performance pillars, as well as the sizeable fee...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeoplePositive
ParentNeutral
ProcessPositive
PerformancePositive
PricePositive
Investment Objective: AXA Global High Income Z Gross Acc
The aim of this Fund is 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. The Fund may also invest in transferable securities, derivatives, cash, deposits, units in collective investment schemes and money market instruments. Use may be made of stocklending, borrowing, cash holdings, hedging and other investment techniques permitted in the applicable Financial Conduct Authority rules.
Returns
Trailing Returns (GBP)20/09/2019
YTD8.99
3 Years Annualised5.13
5 Years Annualised3.17
10 Years Annualised6.42
12 Month Yield 5.27
Management
Manager Name
Start Date
James Gledhill
31/10/2012
Inception Date
11/01/2008
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofAML Gbl HY TR HGBPICE BofAML Gbl HY Constnd TR HGBP
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNo
GrowthYes
IncomeYes
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  AXA Global High Income Z Gross Acc31/07/2019
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond92.580.0092.58
Property0.000.000.00
Cash103.3096.576.73
Other0.690.000.69
* This share class has performance data calculated prior to the inception date, 2008-01-11. This is based upon a simulated/extended track record, using the track record of AXA Global High Income R Acc (ISIN: GB0030020142), and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

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