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AXA WF Global High Yield Bonds A C EUR H

Ranked 13 out of 37 in - Global High Yield over 12 months
All calculations are in EUR unless stated

Managed by

James Gledhill

Widely regarded as one of Britain’s foremost credit specialists, James Gledhill rejects the traditional labels of ‘top-down’ and ‘bottom-up’ when describing his investment process as he feels that neither accurately describe a process that looks both at the wide economic situation and the quality of individual investments. Gledhill starts his investment process with a macro economic assessment of the world’s major economies. This enables him to choose his positions in government bonds and set the backdrop for further analysis needed to pick corporate bonds. The macro-economic picture enables him to hunt out the best investment opportunities. Gledhill then assesses, company by company, which are the best investment choices. He considers this part of the process to be particularly important for high-yield issues ‘where you have to get the precise company and the precise bond right’. A material sciences graduate of Trinity College, Oxford, Gledhill spent eight years at M&G where he pioneered the concept of high-yield corporate bond unit trusts. After brief spells at PPM Ventures and Morley he joined New Star Asset Management in August 2002. He then joined AXA Investment Managers as global head of high yield in 2011.

Objective

The objective of this Sub-Fund is to achieve a high income by investing in fixed and floating rate securities, with capital growth being a secondary consideration. The Investment Manager of the fund will seek to achieve the objective of the Sub-Fund by investing the assets of the Sub-Fund in a broadly diversified portfolio of international fixed income transferable debt securities issued mainly by American and European corporations. These securities will primarily be sub-investment grade.There is no formal restriction on the proportion of the Sub-Funds assets that can be invested in and/or exposed to any one geographical market segment.

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Performance

Global High Yield over : 31/10/2016 - 31/10/2017
  • Rank 13/37 Total Return
  • Rank 5/37 Standard Deviation
  • Rank 2/37 Max Drawdown
Fund Name Currency Return
11 Amundi Fds Bond Global High Yield - FHE (C)

Currency exposure is hedged

Currency exposure is hedged

EUR

6.7%

12 Wellington Multi-Sector Credit EUR S Inc EUR

6.7%

13 AXA WF Global High Yield Bonds A C EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

6.6%

14 Putnam Global High Yield Bond E EUR EUR

6.5%

15 T Rowe Global High Yield Bond AH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

6.5%

15 Schroder ISF Global High Yield EUR Hedged A Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

6.5%

Fund Name Currency Risk
3 Aviva Investors Short Duration Gl HY Bd Kqh EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

1.6

4 BlueBay Global High Yield Bond B EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

2.1

5 AXA WF Global High Yield Bonds A C EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

2.1

6 PARVEST Bond World High Yield Classic Cap EUR EUR

2.3

7 SEB High Yield D EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

2.4

7 Muzinich Global High Yield Hedged Euro Acc R

Currency exposure is hedged

Currency exposure is hedged

EUR

2.4

Fund Name Currency Loss
1 Robeco High Yield Bonds DH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

0.0%

2 AXA WF Global High Yield Bonds A C EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

3 Aviva Investors Short Duration Gl HY Bd Kqh EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

4 BlueBay Global High Yield Bond B EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

5 PIMCO GIS Global High Yield Bond Inst EUR Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.5%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 2.0% 1.3% 1.0%
2016 12.0% 1.6% 3.5% 4.6% 1.9%
2015 -4.8% 2.5% 0.0% -5.2% -2.0%
2014 1.6% 2.5% 1.9% -1.8% -1.0%
2013 8.4% 2.9% -0.7% 3.0% 3.0%
2012 15.5% 6.0% 0.9% 4.4% 3.4%
2011 3.0% 4.0% 0.7% -6.3% 4.9%
2010 15.1% 5.4% 0.3% 5.8% 2.9%
2009 45.4% 5.4% 14.1% 14.1% 6.1%
2008 -25.8% -3.1% 2.3% -4.8% -21.4%
2007 -0.8% 2.3% -0.1% -1.9% -1.1%
2006 4.9% 1.7% -0.7% 1.1% 2.7%
2005 1.4% -0.8% 1.5% 0.8% -0.1%
2004 9.9% 1.9% -0.5% 4.1% 4.1%
2003 15.1% 3.2% 4.5% 2.5% 4.2%
2002 -11.6% -4.7% -7.8% -4.6% 5.5%
2001 -10.8% -15.7% 13.5%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Denmark
  5. France
  6. Germany
  7. Italy
  8. Korea
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Portugal
  13. Spain
  14. Sweden
  15. Switzerland
  16. United Kingdom

Fund Info

  • Launch date12/03/2001
  • Share Class size200Mn
  • Base currencyEUR
  • ISIN LU0125750504
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0

Charges

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).