AXA Global Distribution Z

  • 240.80p
    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.

  • 374.60p
    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).

  • 0.78%
    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.

  • 1.10%
    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 27 January 2022, we don’t currently provide commentary on this fund.

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched September, 1999
Size £446m
Yield 1.10%
Charging basis
Dividends paid

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 0.78%

Allocation

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Investment process

The fund's objective is to provide income together with capital growth over the medium to long term.

Manager research

Average monthly relative returns

  • 17/18 -0.01%
  • 18/19 0.04%
  • 19/20 -0.06%
  • 20/21 0.97%
  • 21/22 0.17%

Bestinvest MRI

  • 3 years 0.36%
  • 5 years 0.22%
  • Career 0.06%
  • 3 years 97.10%
  • 5 years 94.60%
  • Career 97.90%

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

Jim Stride

Stride graduated from the London School of Economics with a BSc (Hons) in Economics having specialised in Accounting and Finance. He was appointed Managing Director of AXA in 1997 and since 2000 has also been Head of Insurance. Jim joined the company in 1981 as a fund manager, having worked as a bank analyst with Panmure Gordon & Co. for two years. His career began in 1976 as an analyst with the Post Office pension fund.

Track record

Jim Stride has 22.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.06%. During the worst period of relative performance (from August 2000 - November 2011) there was a decline of 15% relative to the index. The worst absolute loss has been 23%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -23.00% (August 2000 - January 2003)
Relative -15.00% (August 2000 - November 2011)

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 30 November 2021

3.1% Hm Treasury United Kingdom Dmo 0.125% Idx Lkd Tsy Gilt 10/08/31 Gbp
2.7% Hm Treasury United Kingdom Dmo 0.125% Idx Lkd Gilt 22/03/29 Gbp0.01
2.6% United States Of Amer Treas Bonds 0.125% Bds 15/01/30 Usd100
2.5% Us Treasury Inflation Idx Bonds 0.125% 01/15/2023
2.5% France(Govt Of) 0.1% Bds 25/07/36 Eur1
2.3% Microsoft Corp
2.3% United States Of Amer Treas Notes 0.25% Tb 15/01/25 Usd1000
2.1% Apple Inc
1.9% Hm Treasury United Kingdom Dmo 0.125% Idx Lkd Tsy Gilt 10/08/28 Gbp0.01
1.9% Uk Gilt Inflation Linked 0.125% 03/22/2026
Source: Trustnet

Sector breakdown

AA 64.00%
AAA 32.00%
Money Market 3.00%
A 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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