AXA Sterling Index Linked Bond Z Gross

Generate returns by gaining exposure to sterling dominated index-linked securities

  • 322.30p
    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.

  • -
    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!

  • 0.30%
    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).

  • 0.32%
    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.

  • 0.00%
    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 22 January 2021

Fund summary

Sector UK Index Linked Gilts
Structure OEIC
Launched September, 2004
Size £205m
Yield 0.00%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.30%
Ongoing charges figure 0.32%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The aim of this Fund is to generate returns by gaining exposure generally to sterling denominated index-linked securities. The Fund may also invest at the Investment Manager's discretion in transferable securities, derivatives, cash, deposits, units in collective investment schemes and money market instruments. Use may be made of stocklending, borrowing, cash holdings, hedging and other investment techniques permitted in applicable Financial Services Authority rules.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.02%
  • 20/21 0.16%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.07%
  • 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.

Nick Hayes / Mark Healy

Hayes joined New Star in 2002. In addition to managing the New Star Money Market Unit Trust he manages investment grade portfolios for the international market. Prior to New Star he worked at WPP Group and has a BA Honours degree in French and Spanish from Trinity College, Dublin. Hayes joined AXA in June 2010. Healy is a Senior Portfolio Manager at AXA IM having joined the firm in 2018 after spending 24 years working for a number of investment banks.

Track record

The track record of Nick Hayes / Mark Healy in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -12.00% (August 2019 - December 2019)
Relative -4.00% (March 2020 - August 2020)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 August 2018

6.3% Hm Treasury United Kingdom Dmo 1.25% Idx-Lkd Gilt 22/11/27 Gbp`Wi`Dec
5.6% Hm Treasury United Kingdom Dmo 0.5% Idx Lkd Gilt 22/3/50 Gbp0.01
5.5% Hm Treasury United Kingdom Dmo 0.125% Gilt 22/03/68 Gbp0.01
5.4% Hm Treasury United Kingdom Dmo 1.25% Idx-Lkd Gilt 22/11/55 Gbp0.01
5.3% Hm Treasury United Kingdom Dmo 0.75% Idx Lkd Gilt 22/11/47 Gbp
5.2% Hm Treasury United Kingdom Dmo 0.375% Idx-Lkd Gilt 22/03/62 Gbp
5.2% Hm Treasury United Kingdom Dmo 0.625% Idx-Lkd Gilt 22/11/42 Gbp
5% Uk Gilt Inflation Linked 2% 01/26/2035
4.7% Uk Gilt Inflation Linked 0.75% 03/22/2034
4.7% Hm Treasury United Kingdom Dmo 1.25% Idx-Lkd Gilt 22/11/32 Gbp0.01
Source: Trustnet

Sector breakdown

AA 99.00%
A 1.00%

Key Investor Information

Download