fund
AXA Sterling Strategic Bond Z Gross
Invests mainly in sterling denominated bonds.
-
119.50p
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.
-
188.50p
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 chargeSome 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!
-
0.40%
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).
-
0.53%
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.
-
1.30%
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…
Fund summary
| Sector | £ Strategic Bond |
| Structure | OEIC |
| Launched | September, 2004 |
| Size | £176m |
| Yield | 1.30% |
| Charging basis | |
| 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 | 0.40% |
| Ongoing charges figure | 0.53% |
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Investment process
The Fund invests mainly in sterling denominated bond market. It may also invest at the manager's discretion in transferable securities, derivatives, cash, deposits, units in collective investment schemes and money market instruments.
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 0.11%
- 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.
Philip Roantree
Roantree joined Prolific in early 1989 as a statistical analyst, also carrying out performance measurement following three years in a similar role with Henderson Administration. He made a gradual move to the fixed interest team in 1991 and has held various roles within the department. These included roles within foreign exchange and managed funds, before focusing on bond markets as joint manager for Prolific's retail fixed interest funds. Within Aberdeen Asset Management's enlarged fixed interest division, he continued to manage sterling oriented fixed interest portfolios. In March 2003 he joined New Star Asset Management (following their acquisition of a number of Aberdeen funds) and continues to manage the Sterling Bond fund. Roantree joined AXA IM in 2014 as a Senior Portfolio Manager
Track record
The track record of Philip Roantree 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 | -1.00% (September 2003 - October 2003) |
| Relative | -2.00% (November 2003 - December 2003) |
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
| 6.6% | Hm Treasury United Kingdom Dmo 1.25% Gilt 22/07/27 Gbp1 |
| 4.6% | Hm Treasury United Kingdom Dmo 4.75% Gilt 07/12/30 Gbp |
| 4.5% | Hm Treasury United Kingdom Dmo 4.25% Gilt 7/12/2027 |
| 4.2% | United Kingdom Gilt 1.75% 09/07/2022 |
| 3.9% | United Kingdom Gilt 4.5% 09/07/2034 |
| 3.7% | Hm Treasury United Kingdom Dmo 4% Gilt 22/01/60 Gbp0.01 |
| 3.2% | Hm Treasury United Kingdom Dmo 2.25% Gilt 07/09/23 Gbp |
| 3% | Hm Treasury United Kingdom Dmo 4.25% Gilt 07/03/36 Gbp0.01 |
| 2.7% | Hm Treasury United Kingdom Dmo 3.5% Gilt 22/07/68 Gbp0.01 |
| 2.6% | United Kingdom Gilt 3.5% 01/22/2045 |
| Source: Trustnet |
Sector breakdown
| Government Bonds | 67.00% |
| Corporate Bonds | 33.00% |