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AXA Framlington Managed Income R Acc Net

Ranked 11 out of 60 in - Sterling Strategic Bond over 12 months
All calculations are in GBP unless stated

Managed by

George Luckraft

George Luckraft had an intense spell in the limelight in 2002 following his shock defection to Framlington (now AXA Framlington) with fellow star manager Nigel Thomas after 20 years of impressive performance at ABN Amro (which in a previous incarnation was John Carrington & Co). Through the transfer, Luckraft gained control of the AXA Framlington Equity Income fund, the AXA Framlington Monthly Income fund and the AXA Framlington Managed Income fund. Luckraft has run flexible, multi-cap, “absolute return” funds for many years and aims to deliver a decent level of yield too. Luckraft describes his style as a combination of special situations and equity income investing. The Equity Income fund’s holdings generally fall into three categories: high yielding stocks, lower-yielding stocks offering the prospect of income growth and straightforward capital growth plays. Born in Hong Kong in 1959, he graduated in Land Economy from Cambridge and joined John Carrington in 1980. He has his own pension invested in his funds and is a very keen angler.

Objective

Ordinarily, at least 80% of investment will be in convertible securities, corporate bonds and other fixed income securities including those issued by governments, which in the Manager's opinion have yield and value characteristics which create attractive total return potential. The Manager may also invest in ordinary shares. Most but not all investments will be in the UK.

Showing fund performance in United Kingdom View performance globally

Performance

Sterling Strategic Bond over : 31/10/2015 - 31/10/2016
  • Rank 11/60 Total Return
  • Rank 43/60 Standard Deviation
  • Rank 40/60 Max Drawdown
Fund Name Currency Return
9 Barclays Sterling Bond A Dist GBP

9.5%

10 RBS High Yield GBP

9.4%

11 AXA Framlington Managed Income R Acc Net GBP

9.3%

12 Santander PF Sterling Bond A GBP

9.2%

13 Scottish Widows Strategic Income A Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

8.9%

Fund Name Currency Loss
38 Threadneedle Strategic Bond 1 Net Inc GBX GBP

-3.4%

39 Aberdeen ICVC Strategic Bond A Acc GBP

-3.5%

40 AXA Framlington Managed Income R Acc Net GBP

-3.7%

41 RBS High Yield GBP

-3.8%

42 Scottish Widows Strategic Income A Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-3.9%

Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 1.1% 1.6% 7.3%
2015 1.0% 3.0% 0.0% -0.8% -1.1%
2014 7.9% 3.5% 2.9% 1.0% 0.3%
2013 11.7% 5.3% -0.8% 3.8% 3.1%
2012 21.8% 7.4% -0.6% 8.3% 5.3%
2011 -0.9% 4.0% 1.0% -6.5% 0.9%
2010 17.6% 9.8% 0.0% 6.9% 0.2%
2009 32.6% -14.9% 17.2% 21.7% 9.1%
2008 -31.5% -6.0% -1.6% -11.4% -16.5%
2007 -2.0% 1.6% -0.9% -1.6% -1.2%
2006 8.0% 3.9% -2.0% 3.2% 2.8%
2005 8.8% 1.3% 3.2% 1.7% 2.3%
2004 9.7% 3.0% 0.3% 3.1% 2.9%
2003 15.1% 1.7% 8.3% 3.2% 1.4%
2002 0.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2016

Top 10 Holdings

Stock Size
United Kingdom 8.750% 25-Aug-2017 3.45
Rio Tint Finance 4.000% 11-Dec-2029 2.21
Ladbrokes Grp Fi 5.125% 16-Sep-2022 2.09
PREMIER FOODS 6.500% 15-Mar-2021 2.06
AA Bond 5.500% 31-Jul-2043 2.03
GBP Cash 1.91
Old Mutual PLC PERP 1.91
Imperial Tob Fin 4.875% 07-Jun-2032 1.88
Enterprise Inns PLC 6.000% 06-Oct-2023 1.85
HSBC Sterling 2 PERP 1.85
30/09/2016

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/02/1981
  • Share Class size284Mn
  • Base currencyGBP
  • ISIN GB0003501250

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment50

Charges

  • Annual management1.00%

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