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AXA STERLING CORPORATE BOND R - Fund overview

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Overview of AXA STERLING CORPORATE BOND R

A total return fund investing primarily in sterling denominated corporate bonds. Where appropriate the fund may also use the IMA sector boundaries to invest upto 20% of the fund in other fixed income asset classes.

Standard Initial Charge

4.00% 0.00%

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to save 4.00%

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Fund summary

Sector  £ Corporate Bond
Product type  OEIC
Launched  March, 2004
Size  £131m
Yield 4.3%
Charging basis  Income
Dividends paid  Mar, Jun, Sep, Dec
Bid price(inc) 75.30p
Bid price(acc) 104.10p

Fund Charges

Standard Initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Total expense ratio 1.06%
Reduction in yield (10yr) 1.06%

Bestinvest says


No information available.

Portfolio

axa sterling corporate bond r asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 5%
Quality bonds 96%
Property 0%
Commodities 0%
Hedge 0%
Fund cash -1%
axa sterling corporate bond r equity geographic illustration
Allocation Proportion
UK 100%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
axa sterling corporate bond r equity capitalisation illustration
Allocation Proportion
Large Caps 100%
Mid Caps 0%
Small Caps 0%

View all performance data for AXA STERLING CORPORATE BOND R

Investment process


The Fund aims to provide long-term returns by compounding current income and any capital growth. For performance purposes, reference benchmarks are the IMA Corporate bond sector returns and the Merrill Lynch Non Gilt All Stocks Index.
Axa's credit analyst team is Paris based and organised on a global sector basis. The manager will draw on their expertise to potentially incorporate Euro and US Dollar denominated issues on a relative value basis. Currency exposure will be hedged back into sterling. The manager may also make use of financial derivatives to hedge out yield curve risk. Axa's investment philosophy does not emphasise any one source of return, but recognises that different factors have been dominant drivers of fixed income returns under different markets conditions. This may include managing credit risk, active duration management and exploiting spread differentials.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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