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AXA WF Global High Yield Bonds A C EUR H

Ranked 27 out of 42 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 : 31/01/2017 - 31/01/2018
  • Rank 27/42 Total Return
  • Rank 15/42 Standard Deviation
  • Rank 6/42 Max Drawdown
Fund Name Currency Return
25 GAM Multibond - Global High Yield Bd-EUR B

Currency exposure is hedged

Currency exposure is hedged

EUR

3.7%

26 Invesco Global High Income A Acc EUR Hdg

Currency exposure is hedged

Currency exposure is hedged

EUR

3.7%

27 AXA WF Global High Yield Bonds A C EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

3.5%

28 SLI Glo SICAV Global High Yield Bond AH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

3.3%

29 Oaktree (Lux.) Fds Oaktree Global HY Bd FdH EUR B

Currency exposure is hedged

Currency exposure is hedged

EUR

3.1%

Fund Name Currency Risk
14 Legg Mason WA Global High Yield Pr Acc Hdg EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

1.8

15 AXA WF Global High Yield Bonds A C EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

1.8

16 BlueBay Global High Yield Bond B EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

1.8

17 T Rowe Global High Yield Bond AH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

1.9

Fund Name Currency Loss
4 Fidelity Funds - Global High Yield I-EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

5 Morgan Stanley Global High Yield Bond AHX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

6 AXA WF Global High Yield Bonds A C EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

6 Invesco Global High Income A Acc EUR Hdg

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.3%

8 ABSALON - Global H.YLD.-I EUR EUR

-0.4%

8 Robeco High Yield Bonds DH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

8 Schroder ISF Global High Yield EUR Hedged A Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 4.3% 2.0% 1.3% 1.0% -0.1%
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 size202Mn
  • 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).