Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

AXA Framlington Managed Income R Acc Net

Ranked 3 out of 56 in - Sterling Strategic Bond over 12 months
All calculations are in GBP

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

To generate a high level of income with capital growth. Investment will be principally in convertible securities, corporate bonds and other fixed income securities (including government securities) of predominately, but not exclusively, UK issuers. Investment will be in convertible and fixed interest securities which, in the Manager's opinion, have yield and value characteristics which create attractive total return potential. The Manager may also invest, to a limited extent, in ordinary shares.

Performance

Sterling Strategic Bond over : 31/07/2013 - 31/07/2014

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 6.6% 3.5% 2.9% 0.0%
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 -0.3% -0.3% 0.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

29/02/2012

Top 10 Holdings

Stock Size
GBP Cash 8.40
BAT Intl Finance 4.000% 04-Sep-2026 2.25
Prudential PLC 1.250% 16-Nov-2015 2.23
HSBC Sterling 2 PERP 2.17
Johnst Press 8.625% 01-Jun-2019 2.17
PREMIER FOODS 6.500% 15-Mar-2021 2.10
EnQuest PLC 5.500% 15-Feb-2022 2.05
Rio Tint Finance 4.000% 11-Dec-2029 2.02
NGG Finance 5.625% 18-Jun-2073 2.00
Premier Oil PLC 5.000% 11-Dec-2020 1.87
31/05/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/02/1981
  • Share Class size143Mn
  • Base currencyGBP
  • ISIN GB0003501250

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment5,000

Charges

  • Annual management1.0%
  • Initial investment5.25

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