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Axiom European Financial Debt (Ordinary Share) AXI

Sector Specialist: Securitised Debt

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Estimated NAV

98.00

Share Price

103.42

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Axiom European Financial Debt (Ordinary Share) Price 10.96%
Axiom European Financial Debt (Ordinary Share) NAV 5.24%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 103.0 5.2% 98.00 98.00
20 Jun
100% 5.83%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
Axiom European Financial Debt (Ordinary Share) Price10.96
Axiom European Financial Debt (Ordinary Share) NAV5.24

Discrete performance over

Discrete Performance

Top 10 Holdings

Achmea 6% Perp 5.92%
BNP Paribas 4.9% Perp 5.72%
Shawbrook Perp-22 5.62%
BNP Fortis frn Perp 3.47%
Lloyds 7.6% Perp-23 2.66%
HBOS 6.85% Perp 2.55%
OSB 9.1 Perp-22 2.55%
HSBC FRN Perp 2.45%
Virgin Money Prep-19 2.35%
Santander Perp-23 2.25%

Sectors weighting

Miscellaneous 97.30%
Net Current Assets 2.10%
General Equity 0.60%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 05 Nov 2015
  • Currency GBX
  • Domicile Guernsey
  • Share Price 103.42
  • Share Type Ordinary Share
  • TIDM AXI
  • ISIN GG00BTC2K735
  • Shares Issued (M) 84
  • Market Capital (£M) 86.76
  • Gross Assets (£M) 82.51
  • Net Assets (£M) 82.51
  • TER (%) 1.83
  • Historic Dividend Yield (%) 5.83
  • Last AGM 03 Jul 2017
  • Next AGM 06 Apr 2019
  • Last Annual Report Date 22 May 2018
  • Next due Report Date 30 Jun 2018
  • Next due Report Type I/R
  • Objective:

  • To provide Shareholders with an attractive return, while limiting downside risk, through investment in Regulatory Capital Instruments, Other Financial Institution Investment Instruments and Derivative Instruments.
  • Management Group(s):

  • Axiom Alternative Investments
  • Managed by:

  • David Benamou Start: 05 Nov 2015
  • Jerome Legras Start: 05 Nov 2015
  • Management Contract & Fees:

    A management fee will be paid to the Investment Manager quarterly in arrears: NAV is less than or equal to £250 million, 1% p.a. of NAV; NAV is greater than £250 million but less than or equal to £500 million, 1% p.a. of NAV on the first £250 million and 0.8% p.a. of NAV on the balance; NAV is greater than £500 million, 0.8% p.a. of NAV, in each case, plus applicable VAT. The Administrator is entitled to receive from the Company a fee of £110,000 p.a. (exclusive of any VAT), which is subject to an annual adjustment upwards to reflect any percentage change in the retail prices index over the preceding year. The performance fee, if any, will be equal to 15% of total shareholder returns in excess of a hurdle equal to a 7% p.a. cumulative return since Admission, compounded annually. The performance fee is also subject to a high watermark. The fee, if any, will be payable annually and calculated on the basis of audited annual accounts. 50% of the performance fee will be settled in cash. The balance will be satisfied in Shares.

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