AXA IM FIIS US Short Dur HY I-D USD (FUND:B4LFN91) - Overview

Fund Report

AXA IM Fixed Income Investment Strategies US Short Duration High Yield I-Dis USD

Key Stats
Morningstar® CategoryUSD High Yield Bond
Manager NameCarl Whitbeck
Inception Date24/06/2010
NAV 05/12/2016USD 89.94
Day Change0.08%
12 Month Yield4.26%
ISINLU0224435858
SEDOLB4LFN91
Dividend FrequencySemi-Annually
Net Assets (mil) 31/10/20168,544.88 USD
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time08:00:00
Regular InvestmentNo
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.10%
AMC1.00%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_2

Benchmarks

Fund Benchmark

Not Benchmarked

Morningstar® Benchmark

Bloomberg Barclays US Corporate High Yield TR USD

Growth Of 10,000 (USD) 30/11/2016

How has this security performed
20122013201420152016
Fund6.824.370.300.034.48
Category14.076.44-0.08-6.1710.66
Benchmark15.817.442.45-4.4715.01
  • Fund: AXA IM Fixed Income Investment Strategies US Short Duration High Yield I-Dis USD
  • Category: USD High Yield Bond
  • Benchmark: Bloomberg Barclays US Corporate High Yield TR USD
Trailing Returns % (USD) 05/12/2016
FundCatBmark
YTD4.5911.1315.12
3 Years Annualised1.721.834.24
5 Years Annualised3.365.207.38
10 Years Annualised---

Morningstar SRRI

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

Investment Objective

The Sub-Fund will seek to invest in high yield, fixed-income corporate debt securities and, to a lesser extent, preferred stocks which offer, in the view of the Investment Manager, a high return, without excessive risk, at the time of purchase. The Sub-Fund will invest primarily in lower quality corporate bonds, some of which may be purchased at a discount to face value and may, therefore, offer a potential for capital appreciation as well as high current income. Conversely, some bonds may be purchased at a premium in order to obtain a high yield, and the Sub-Fund may realize a capital loss on their disposition.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds94.800.0094.80
Cash74.3269.125.20
Other0.000.000.00
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond93.59
Cash & Equivalents5.12
Convertible1.21
Future/Forward0.08
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Rite Aid 6.75% 2021-06-15United States1.15
First Data 144A 6.75% 2020-11-01United States1.03
Jbs Usa Llc / Jbs Usa Fin 144A 8.25% 2020-02-01United States1.03
Dish Dbs 4.25% 2018-04-01United States1.02
Rite Aid 9.25% 2020-03-15United States1.01
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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