AXA Framlington Managed Balanced Z

  • 200.30p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 224.90p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.63%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.70%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.60%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 October 2021

Although this fund benefits from pragmatic stock selection it also follows a pension style approach to asset allocation and thus has a bias to UK equities (c60%). The fund has a clear investment approach and benefits from an experienced manager who is supported by dedicated geographical and specialist teams. Suitable for those investors looking for a cost effective "one stop" investment.

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched
Size £1,196m
Yield 0.60%
Charging basis Income
Dividends paid 28 Feb

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.63%
Ongoing charges figure 0.70%

Allocation

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Investment process

This fund aims to deliver capital growth by investing in a broad range of securities in all or any parts of the world. Geographic exposure is guided by the house view as well as Richard Peirson's own personal view. The manager is responsible for the UK equity and bond element of the portfolio with regional stock stock selection the responsibility of Framlington's regional/specialist desks, which are normally selected on a best ideas basis. The managers are long term growth investors and they target companies with above average profitability and credible management which offer good value.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Others 25.00%
Health Care 14.00%
Information Technology 13.00%
Financials 11.00%
Industrials 11.00%
Consumer Discretionary 10.00%
Consumer Staples 6.00%
Money Market 5.00%
Materials 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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