AXA World Funds - US High Yield Bonds F Capitalisation USD

Performance History31/10/2020
Growth of 1,000 (GBP) Advanced Graph
AXA World Funds - US High Yield Bonds F Capitalisation USD
Fund37.0-2.24.17.94.9
+/-Cat2.60.61.0-0.32.8
+/-B’mrk-2.7-0.40.1-2.01.3
 
Key Stats
NAV
25/11/2020
 USD 263.54
Day Change -0.17%
Morningstar Category™ USD High Yield Bond
ISIN LU0276015533
Fund Size (Mil)
27/11/2020
 USD 3436.74
Share Class Size (Mil)
25/11/2020
 USD 35.19
Max Initial Charge 2.00%
Ongoing Charge
01/07/2020
  0.84%
Morningstar Research
Analyst Report

Investors here benefit from a seasoned manager and a well-designed process that has delivered under varied market conditions. While fees are on the high side, AXAWF US High Yield Bonds’s fundamental strengths earn it a Morningstar Analyst Rating...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeoplePositive
ParentNeutral
ProcessPositive
PerformancePositive
PriceNegative
Investment Objective: AXA World Funds - US High Yield Bonds F Capitalisation USD
The fund’s objective is to achieve a high income by investing in fixed and floating rate securities, with capital growth being a secondary consideration. The Investment Manager will seek to achieve the objective of the Sub-Fund by investing permanently at least two thirds of the total assets of the Sub-Fund in a broadly diversified portfolio of fixed income transferable debt securities issued by public or private companies domiciled in the United States and rated sub-investment grade (i.e., rated lower than BBB- by Standard & Poor’s or lower than Baa3 by Moody’s or, if unrated, then deemed to be so by the Investment Manager). The Investment Manager will not invest more than one third of the assets of the Sub-Fund in securities domiciled or listed in Canadian or European markets.
Returns
Trailing Returns (GBP)25/11/2020
YTD4.37
3 Years Annualised5.15
5 Years Annualised9.19
10 Years Annualised7.94
12 Month Yield 0.00
Management
Manager Name
Start Date
Carl Whitbeck
07/07/2011
Michael Graham
20/10/2017
Inception Date
29/11/2006
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA US High Yield TR USDBBgBarc US Corporate High Yield TR USD
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthYes
IncomeNot Specific
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  AXA World Funds - US High Yield Bonds F Capitalisation USD31/07/2020
Fixed Income
Effective Maturity5.40
Effective Duration2.74
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond96.660.0096.66
Property0.000.000.00
Cash44.5541.213.34
Other0.000.000.00
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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