AXA Framlington UK Equity Income Z

Relaunched AXA UK Equity Income investing principally in FTSE 100 stocks.

  • 125.80p
    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.

  • 184.00p
    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!

  • 0.75%
    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).

  • 0.85%
    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.

  • 4.00%
    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 15 January 2021

The fund aims to produce a higher than average yield, combined with long-term growth in income and capital. Investment is made generally in Blue Chip UK equities which, in the Manager's opinion, show above average management quality and prospects for growth.

Fund summary

Sector UK Equity Income
Structure UNIT TRUST
Launched April, 2012
Size £76m
Yield 4.00%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.85%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.48%
  • 17/18 -0.33%
  • 18/19 -0.21%
  • 19/20 0.29%
  • 20/21 0.50%

Bestinvest MRI

  • 3 years 0.19%
  • 5 years -0.05%
  • Career 0.03%
  • 3 years 91.00%
  • 5 years 56.00%
  • Career 90.80%

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

Jamie Forbes-Wilson

Forbes-Wilson joined AXA Framlington in 2003 as an investment manager responsible for charity, pension and private client portfolios. He began his career in 1996 as a graduate trainee with Wise Speke, a regional private client stockbroking firm. The company subsequently became part of Brewin Dolphin, where he worked as a private client portfolio manager. Forbes-Wilson graduated from Exeter University in 1996 with a BA (Hons) degree in Economic History and Politics. He is a Fellow of the Securities Institute (FSI).

Track record

Jamie Forbes-Wilson has 11.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%. During the worst period of relative performance (from December 2015 - January 2019) there was a decline of 13% relative to the index. The worst absolute loss has been 22%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 91%.

Periods of worst performance

Absolute -22.00% (December 2019 - March 2020)
Relative -13.00% (December 2015 - January 2019)

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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Top 10 holdings

Data accurate as at 31 July 2020

8.39% Astrazeneca Plc
7.27% Glaxosmithkline
7.2% Games Workshop Group
5.7% Unilever Nv
5.33% Relx Plc
4.84% Sabre Insurance Group Plc
4.47% Diageo
4.32% Rio Tinto
3.5% Sage Group
3.44% Lancashire Hldgs
Source: Trustnet

Sector breakdown

Financials 28.00%
Consumer Goods 24.00%
Health Care 17.00%
Oil & Gas 7.00%
Consumer Services 7.00%
Basic Materials 4.00%
Money Market 4.00%
Technology 4.00%
Industrials 3.00%
Telecommunications 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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