AXA Fixed Interest Investment ICVC - AXA Global High Yield Fund Z Gross Accumulation

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Performance History31/05/2024
Growth of 1,000 (GBP) Advanced Graph
AXA Fixed Interest Investment ICVC - AXA Global High Yield Fund Z Gross Accumulation
Fund5.14.3-10.311.42.0
+/-Cat1.50.40.40.2-0.4
+/-B’mrk0.1-0.51.4-1.40.1
 
Key Stats
NAV
21/06/2024
 GBX 258.90
Day Change 0.04%
Morningstar Category™ Global High Yield Bond - GBP Hedged
IA (formerly IMA) Sector £ High Yield
ISIN GB00B29NGF01
Fund Size (Mil)
20/06/2024
 GBP 76.60
Share Class Size (Mil)
20/06/2024
 GBP 33.05
Max Initial Charge -
Ongoing Charge
19/02/2024
  0.53%
Morningstar Research
Analyst Report17/10/2023
Evangelia Gkeka, Senior Analyst
Morningstar, Inc

AXA Global High Income offers investors exposure to a differentiated and historically well-executed approach to high-yield investing. The Morningstar Analyst Rating for the strategy’s clean share class (Z Gross Acc) remains at Neutral.The...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process24
Performance
Price
Investment Objective: AXA Fixed Interest Investment ICVC - AXA Global High Yield Fund Z Gross Accumulation
The aim of this Fund is to provide an income, by investing in high yield bonds, combined with any capital growth over the long term (being a period of five years or more). The Fund seeks to capture opportunities in the international high yield corporate debt market, through investing at least 70 per cent of its assets in ‘sub-investment grade’ bonds, also termed as ’high yield bonds’ (meaning bonds with a Standard & Poor’s rating of lower than BBB- or such equivalent rating by Moody’s or Fitch), issued by companies anywhere in the world. The ACD focuses on credit analysis to create a portfolio of bonds that seeks diversification across companies showing improving resilience against default.
Returns
Trailing Returns (GBP)21/06/2024
YTD2.98
3 Years Annualised1.47
5 Years Annualised3.03
10 Years Annualised2.92
12 Month Yield 5.36
Management
Manager Name
Start Date
Michael Graham
13/08/2021
Inception Date
11/01/2008
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA Dv Mkts HY Constnd TR HUSDMorningstar Gbl HY Bd GR Hdg GBP
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 Fixed Interest Investment ICVC - AXA Global High Yield Fund Z Gross Accumulation31/05/2024
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond96.800.0096.80
Property0.000.000.00
Cash119.34116.143.20
Other0.000.000.00

Related

* 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 Yeild 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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