AXA Defensive Distribution Z Inc Net (FUND:0540948) - Overview

Fund Report

AXA Defensive Distribution Z Inc Net

Key Stats
Morningstar® CategoryGBP Cautious Allocation
Manager Name-
Inception Date03/11/1990
NAV 27/10/2016GBX 97.40
Day Change-0.22%
12 Month Yield1.21%
Dividend FrequencyQuarterly
Net Assets (mil) 30/09/2016334.88 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.76%
Fund Rebate-

Morningstar Rating™



Fund Benchmark

9% 7 day LIBID, 3.5% FTSE Gilts Up to 5 Yr TR GBP, 27.5% FTSE Index Linked Up to 5 Yr TR GBP, 29% FTSE AllSh TR GBP, 27.5% FTSE Index Linked All Stocks TR GBP, 3.5% FTSE Gilts All Stocks TR GBP

Morningstar® Benchmark

Cat 75%Barclays Stlg Agg TR&25%FTSE Wld TR

Growth Of 10,000 (GBP) 30/09/2016

How has this security performed
  • Fund: AXA Defensive Distribution Z Inc Net
  • Category: GBP Cautious Allocation
  • Benchmark: Cat 75%Barclays Stlg Agg TR&25%FTSE Wld TR
Trailing Returns % (GBP) 27/10/2016
3 Years Annualised4.995.029.44
5 Years Annualised5.476.108.81
10 Years Annualised2.254.537.08

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The aim of this Fund is to achieve growing income with some prospects for capital growth over the medium to long term. The portfolio will mainly consist of investments in any permitted UK fixed interest securities such as convertibles and UK Gilt Edged Securities as well as Index Linked Gilts. The Fund has the power to invest up to 100% of the value of the property of the Fund in government and other public securities issued by or on behalf of the Government of the UK. The Fund may also invest at the Investment ACD’s discretion in transferable securities, derivatives, cash, deposits, units in collective investment schemes and money market instruments. Use may be made of borrowing, cash holdings, hedging and other investment techniques permitted in applicable Financial Conduct Authority’s Regulations.

Portfolio Profile30/09/2016

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Stock Regions
United Kingdom96.91
United States3.09
Asia - Developed0.00

Top Sectors

Stock Sector%
Financial Services17.19
Consumer Defensive13.48
Consumer Cyclical9.78
Fixed Income Sector%
Cash & Equivalents9.96
Top Holdings
IncreaseDecreaseNew since last portfolio
DecreaseUnited Kingdom (Government Of) 1.25% 2017-11-22Not Classified11.99
IncreaseUnited Kingdom (Government Of) 7.8344% 2020-04-16Not Classified8.84
United Kingdom (Government Of) 0.125% 2019-11-22Not Classified6.15
United Kingdom (Government Of) 6.7088% 2024-07-17Not Classified2.60
United Kingdom (Government Of) 0.625% 2040-03-22Not Classified2.59
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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