| Quick Stats | |||||
|---|---|---|---|---|---|
| Fund currency | GBX | Change on day | 0.10 p | Sector | IMA Sterling High Yield |
| Bid price | - | Change on day | 0.05% | Fund Size | £1.48 B 22/05/2013 |
| Mid price | 192.70 p | Yield | 5.90% | Fund type | OEIC |
| Offer price | - | Unit type | Accumulation | Available as | ISA |
| Price date | 22/05/2013 | Crown Rating |  |
Launch date | 15/01/2001 |
| Fund Objective | Purchase Information | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The aim of this fund is to provide long-term, high yield returns. |
|
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| Manager Information | |
|---|---|
| Manager name | James Gledhill |
| Manager since | 02/08/2012 |
| Manager's biography | James joined AXA IM in June 2011 as Global Head of High Yield and Deputy Head of Credit. Based in London and Greenwich, he has close to 20 years of industry experience covering both High Yield and Investment Grade credit. Prior to joining AXA IM, James spent 10 years at New Star / Henderson New Star. During his time there he managed the Monthly Income range of retail bond funds, and launched and managed the range of High Yield funds, growing the High Yield business from nil to circa £3bn in a competitive retail environment. He was appointed Head of Fixed income at New Star in 2007. Between 1992 and 2001 he worked for M&G and Prudential M&G, managing flagship High Yield and Corporate Bond funds. James holds a degree from Oxford University and is an associate of the Institute of Investment Management & Research. |
Performance Chart
| Cumulative Performance | |||||
|---|---|---|---|---|---|
| 3 mth |
6 mth |
1 yr |
3 yr |
5 yr |
|
| Fund | 3.55 | 7.35 | 14.23 | 33.63 | 50.31 |
| Sector | 3.31 | 7.14 | 16.92 | 29.23 | 48.76 |
| Relative to sector | 0.23 | 0.20 | -2.30 | 3.41 | 1.04 |
| Rank within sector | 9 / 27 | 13 / 27 | 23 / 27 | 8 / 22 | 8 / 21 |
| Discrete Performance | |||||
|---|---|---|---|---|---|
| 22/05/2012 -22/05/2013 |
22/05/2011 -22/05/2012 |
22/05/2010 -22/05/2011 |
22/05/2009 -22/05/2010 |
22/05/2008 -22/05/2009 |
|
| Fund | 14.23 | 2.18 | 14.49 | 29.33 | -13.03 |
| Sector | 16.92 | -2.35 | 13.19 | 32.65 | -13.22 |
| Relative to sector | -2.30 | 4.64 | 1.15 | -2.50 | 0.22 |
| Top 10 Holdings | % of Fund | |
|---|---|---|
| 1 | IGATE CORP 9% BDS 01/05/16 (USD1000) | 6.80 |
| 2 | ACE CASH EXPRESS INC 11% SR SEC NTS 01/02/19 USD1000 144A | 0.80 |
| 3 | DYNCORP INTERNATIONAL INC 10.375% BDS 01/07/17 USD1000`144A` | 0.80 |
| 4 | YCC HLDGS LLC / YANKEE FINANCE INC 10.25% BDS 15/02/16 USD1000 144A | 0.80 |
| 5 | AMC ENTERTAINMENTS INC 9.75% BDS 01/12/20 USD1000 144A | 0.70 |
| 6 | INTELSAT LTD. 11.25% 04/02/2017 | 0.70 |
| 7 | SITEL 11.5% BDS 01/04/18 USD1000`REG S` | 0.70 |
| 8 | CEQUEL COMMUNICATIONS HLG I/CAP CRP 8.625% BDS 15/11/17 USD1000`144A` | 0.60 |
| 9 | MGM RESORTS INTL 11.375% BDS 01/03/18 USD1000 | 0.60 |
| 10 | SEQUA CORPORATION 7% BDS 15/12/17 USD1000 144A | 0.60 |
Region Weighting - as at April 30, 2013
| Region | % of Fund | Chart | ||
|---|---|---|---|---|
| 1 | International | 92.02% | ||
| 2 | UK | 6.14% | ||
| 3 | Money Market | 1.84% | ||
Asset Weighting - as at April 30, 2013
| Asset | % of Fund | Chart | ||
|---|---|---|---|---|
| 1 | Global Corporate Fixed Interest | 86.12% | ||
| 2 | UK Corporate Fixed Interest | 6.14% | ||
| 3 | Global Government Fixed Interest | 5.90% | ||
| 4 | Money Market | 1.84% | ||
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