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AXA World Funds - Framlington Global Convertibles F Capitalisation CHF (Hedged) pf

Performance History31/10/2019
Growth of 1,000 (GBP) Advanced Graph
AXA World Funds - Framlington Global Convertibles F Capitalisation CHF (Hedged) pf
Fund11.017.71.2-1.44.7
+/-Cat4.3-0.21.81.10.6
+/-B’mrk-----
 
Key Stats
NAV
15/11/2019
 CHF 122.79
Day Change -0.14%
Morningstar Category™ Convertible Bond - Global, CHF Hedged
ISIN LU0964944671
Fund Size (Mil)
15/11/2019
 EUR 700.33
Share Class Size (Mil)
15/11/2019
 CHF 7.68
Max Initial Charge 2.00%
Ongoing Charge
04/11/2019
  0.93%
*  This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced.
Morningstar Research
Analyst Report

Veteran manager Marc Basselier resigned from AXA IM in December 2018 and the fund’s reins were taken over by a new recruit, Xavier Lattaignant, in March 2019. Lattaignant brings two decades of investment experience, including a previous stint...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleNeutral
ParentNeutral
ProcessNeutral
PerformanceNeutral
PricePositive
Investment Objective: AXA World Funds - Framlington Global Convertibles F Capitalisation CHF (Hedged) pf
The fund’s objective is to achieve capital growth by investing in convertible securities markets. The Investment Manager will seek to achieve the objectives of the Sub-Fund by investing in convertible securities from issuers located anywhere in the world. The convertible securities selection will be focused on fundamental criteria (equity and credit), the issuer’s quality and on convertible securities that the Investment Manager has identified as undervalued. There is no formal restriction on the proportion of the Sub-Fund’s assets that can be invested in and/or exposed to any one particular market or sector.
Returns
Trailing Returns (GBP)15/11/2019
YTD5.60
3 Years Annualised1.89
5 Years Annualised6.21
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Xavier Lattaignant
04/03/2019
Alexandre Fade
27/11/2018
Inception Date
19/09/2013
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
TReuters Global Focus Hedged CB TR EUR-
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 - Framlington Global Convertibles F Capitalisation CHF (Hedged) pf30/09/2019
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.970.000.97
Bond3.770.003.77
Property0.000.000.00
Cash78.2775.702.57
Other92.690.0092.69
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States57.06
Japan42.94
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Technology57.06
Consumer Cyclical42.94
Top 5 HoldingsSector%
AXA IM Euro Liquidity4.42
America Movil S.A.B. de C.V.3.45
AXA World Funds - Framlington Global Convertibles F Capitalisation CHF (Hedged) pf
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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