AXA World Funds - Euro Credit Plus A Distribution 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 mainly in investment grade and high yield 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 and high yield 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: at least two thirds of its total assets in Euro denominated corporate and government bonds issued in OECD countries, with 30% maximum of its total assets rated between BB+ and B- by Standard & Poor’s or equivalent rating by Moody’s or Fitch (the arithmetic average of available ratings from Standard & Poor's, Moody's and Fitch will be considered). In case of downgrade below B- by Standard & Poor's or equivalent rating by Moody's or Fitch (the lowest rating will be considered), securities will be sold within 6 months up to one third of its total assets in money market instruments up to one quarter of its total assets in convertible securities up to one tenth of its total assets in equity and equity related instruments The Sub-Fund will not invest in securities rated CCC+ or below by Standard & Poor's or equivalent rating by Moody's or Fitch (the lowest 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. The investor's attention is drawn to the existence of potential additional processing time due to the possible involvement of intermediaries such as Financial Advisers or distributors. The Net Asset Value of this Sub-Fund is calculated on a daily basis.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 24/09/202012.80
Morningstar categoryEUR Corporate Bond
CurrencyEUR
Distribution statusDistributing
ISINLU0164100801
Inception Date28/02/2003
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.13% of which 0.45% is paid to MeDirect
Fund management company
AddressAXA Funds Management S.A. 49, Avenue J.F. Kennedy Luxembourg 1855 Luxembourg
Manager NameJean-Marc Frelet
Manager Start Date01/04/2018
Websitewww.axa-im.com
Total Net Assets (mil)948.21 EUR (31/08/2020)
UCITSYes
AdministratorState Street Bank International GmbH, Luxembourg Branch

Documents

Prospectus
en 01/04/2020
Annual Report
en 31/12/2019
Semi Annual Report
en 30/06/2020
Morningstar Report
25/09/2020

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 year1.35%24/09/2020
3 years2.20%24/09/2020
5 years2.66%24/09/2020
10 years3.55%24/09/2020
Since launch4.12%24/09/2020
Cumulative performance in EUR
Performance
YTD 01/01/20201.59
1 month0.08
3 months2.48
6 months11.11
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-7.14%6.67%--
20193.05%2.88%1.28%-0.16%
2018-0.58%-0.83%-0.42%-0.75%
20170.25%0.67%0.91%0.57%
20162.05%1.59%1.75%-1.15%
Dividend
Date ex dividendGross dividendPayment Date
30/12/20190.0607/01/2020
28/12/20180.0511/01/2019
29/12/20170.0908/01/2018
13/06/20160.1720/06/2016
05/06/20150.3009/06/2015
06/06/20140.3411/06/2014
07/06/20130.3611/06/2013
08/06/20120.3612/06/2012
10/06/20110.4415/06/2011
11/06/20100.4415/06/2010
05/06/20090.4009/06/2009

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond94.78%25.00%69.78%
Cash24.56%2.36%22.20%
Other8.02%0.00%8.02%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
10.036.045.08
Sharpe Ratio
0.130.430.58
Sortino Ratio
0.160.560.78
Positive Months7.0018.0034.00
Negative Months5.0018.0026.00
Worst Month-7.95-7.95-7.95
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
AXAWF Euro Credit Total Ret M Cap EUR Luxembourg2.79
AXA IM Euro Liquidity France2.45
Commerzbank Aktiengesellschaft 4% 23/03/2026Germany0.87
Unibail-Rodamco-Westfield SE 31/12/2049France0.84
Groupama Assurances Mutuelles 29/05/2049France0.81
Takeda Pharmaceutical Company Limited 1% 09/07/2029Japan0.79
Anheuser-Busch InBev N.V./S.A. 2.88% 02/04/2032Belgium0.75
Telecom Italia S.p.A. 2.75% 15/04/2025Italy0.73
CNP Assurances SA 30/06/2051France0.71
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
12.80
Closing Price
All key information and documents must be reviewed before being able to Invest.