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 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!

  • 0.40%
    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…

Prices as at 22 January 2021

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%

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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

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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%

Key Investor Information - Income

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Key Investor Information - Accumulation

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