AXA World Funds - Euro Bonds A Capitalisation EUR
AXA World Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

Investment Objective The Sub-Fund seeks to achieve a mix of income and capital growth by investing in investment grade corporate and government debt securities in Euros, over a medium term period. Investment Policy The Sub-Fund is actively managed in order to capture opportunities in the Euro investment grade debt market. The following investment decisions are undertaken after comprehensive macroeconomic and microeconomic analysis of the market: sector allocation geographical allocation credit curve positioning (the credit curve illustrates the relationship between investment term and credit yield) issuer selection instrument selection The Sub-Fund invests permanently at least two thirds of its total assets in investment grade or sub-investment grade governments and corporate transferable debt securities denominated in Euro. The Sub-Fund will mainly invest in investment-grade transferable debt securities issued by corporate and governement entities. Investment grade securities will be rated at least BBB- by Standard & Poor's or equivalent rating by Moody's or Fitch or if unrated then deemed to be so by the Investment Manager. Sub-investment grade securities will be rated between BB+ and B- by Standard & Poor's or equivalent rating by Moody's or Fitch or if unrated then deemed to be so by the Investment Manager. In case of downgrade below B- by Standard & Poor's or equivalent rating by Moody's or Fitch or if unrated then deemed to be so by the Investment Manager, securities will be sold within 6 months. If two different ratings of rating agencies exist, the lower rating will be considered, if more than two different ratings of rating agencies exist, the second highest rating will be considered. The selection of credit instruments is not exclusively and mechanically based on their publicly available credit ratings but also on an internal credit or market risk analysis. The decision to buy or sell assets is also based on other analysis criteria of the Investment Manager. Within the limit of 200% of the Sub-fund's net assets, the investment strategy may be achieved by direct investments and/or through derivatives, especially by entering into Credit Default Swaps. Derivatives may also be used for hedging purposes. Income For Capitalisation share classes (Cap), the dividend is reinvested. For Distribution share classes (Dis), the dividend is distributed. Sub-Fund Currency The reference currency of the Sub-Fund is EUR. Investment Horizon This Sub-Fund may not be suitable for investors who plan to withdraw their contribution within 3 years. Processing of subscription and redemption orders The subscription, conversion or redemption orders must be received by the Registrar and Transfer Agent on any Valuation Day no later than 3 p.m. Luxembourg time. Orders will be processed at the Net Asset Value applicable to such Valuation Day.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Neutral
Neutral
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 11/08/202062.78
Morningstar categoryEUR Diversified Bond
CurrencyEUR
Distribution statusAccumulating
ISINLU0072814717
Inception Date22/01/1997
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge0.99% of which 0.38% is paid to MeDirect
Fund management company
AddressAXA Funds Management S.A. 49, Avenue J.F. Kennedy Luxembourg 1855 Luxembourg
Manager NameJohann Plé
Manager Start Date13/05/2004
Websitewww.axa-im.com
Total Net Assets (mil)566.89 EUR (31/07/2020)
UCITSYes
AdministratorState Street Bank International GmbH, Luxembourg Branch

Documents

Prospectus
en 01/04/2020
Annual Report
en 31/12/2019
Semi Annual Report
en 30/06/2019
Morningstar Report
12/08/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year1.47%11/08/2020
3 years2.33%11/08/2020
5 years1.90%11/08/2020
10 years3.24%11/08/2020
Since launch3.88%11/08/2020
Cumulative performance in EUR
Performance
YTD 01/01/20202.77
1 month1.06
3 months4.16
6 months1.19
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-1.80%2.95%--
20192.47%2.97%2.80%-2.18%
20180.63%-1.63%-1.17%0.56%
2017-0.94%0.52%0.36%0.41%
20162.53%1.47%0.88%-2.36%
Dividend

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond104.75%15.09%89.65%
Cash6.55%0.04%6.50%
Other3.84%0.00%3.84%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
5.553.903.60
Sharpe Ratio
0.380.750.63
Sortino Ratio
0.531.140.94
Positive Months7.0020.0035.00
Negative Months5.0016.0025.00
Worst Month-3.85-3.85-3.85
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Euro Schatz Future Sept 20 30/09/2020Germany4.53
Italy (Republic Of) 2.45% 01/10/2023Italy2.89
Italy (Republic Of) 5.5% 01/11/2022Italy2.69
Euro OAT Future Sept 20 30/09/2020Germany2.52
France (Republic Of) 1.75% 25/06/2039France2.24
Euro Buxl Future Sept 20 30/09/2020Germany2.23
Germany (Federal Republic Of) 4.25% 04/07/2039Germany2.23
Euro Bobl Future Sept 20 30/09/2020Germany2.18
Italy (Republic Of) 4.5% 01/03/2026Italy2.09
Italy (Republic Of) 0.4% 15/05/2030Italy1.96
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Fixed Income Style
Large
Interest Rate Sensitivity
Mid
Small
Value
Blend
Growth
Credit Quality
62.78
Closing Price
All key information and documents must be reviewed before being able to Invest.