Fund Factsheet 1st Quarter 2017

Transcription

1 This factsheet has been produced by AXA Wealth and should be read in conjunction with your pension scheme booklet and the AXA Wealth Guide to your scheme fund factsheet. The factsheet is updated quarterly and the most up-to-date version is available via: BankOfTokyo/. It is designed to provide you with fund information only and not to provide advice on the suitability of an investment for your personal financial situation. If you wish to discuss your investment options you are advised to seek financial advice. For any other questions, members are recommended to speak to the Scheme Administrator or Trustees of their pension scheme in the first instance. This Fund is made available by AXA Wealth Limited. The investment objective, benchmark and risk rating have been determined by the Trustees of the, who are responsible for selecting the underlying fund(s), which may change from time to time. Fund Information as at 31/03/2017 Investment Objective The aims to provide moderate growth over the medium to long term by investing in a diversified portfolio of assets including equities, other return seeking assets and bonds. The Fund is likely to be volatile in nature, with the potential for frequent ups and downs in value. Launch date 26/02/2010 Currency GBP Size ( m) Risk Rating* Medium-High risk/return Benchmark Moderate Growth Composite Benchmark** Total Expense Ratio (TER) p.a.* 0.69% consisting of: - Annual Management Charge (AMC)* 0.62% - Fund Expenses p.a.* 0.07% * Please see the descriptions in the AXA Wealth Guide to your scheme fund factsheet document. The TER represents the total charges deducted daily from the Fund, which are then reflected in the unit price. The Fund is distinct from the underlying fund(s), with its own unit price and other fund specific details. However the Fund is fully invested in the underlying fund(s). 1 of 5

2 Fund Holdings Baillie Gifford Diversified Growth Pn Standard Life Investments Global Absolute Return Strategies M&G Corporate Bond Artemis Income Schroder Life QEP Global Blend Threadneedle Property Pn BlackRock Aquila Connect Over 15 Year Gilt Pn BlackRock Aquila Connect Over 5 Year Index Linked Gilt Pn Baillie Gifford UK Equity Alpha MFS Meridian Global Equity Lazard Emerging Markets CF Odey Opus BlackRock Aquila Life MSCI World Index May not add up to 100% due to rounding and other adjustments. Allocation (%) as at 31/03/2017 Target Allocation (%) Asset Allocation (%) as at 31/03/2017 European Equities 20.6 European Fixed Interest 17.5 Hedge 14.8 Global Fixed Interest 11.7 American Equity 9.4 Property 8.2 International Equities 5.4 Asia Pacific Equities 4.7 Money Market 2.3 Others 5.4 Due to rounding figures may not total to 100% 2 of 5

3 Sector Allocation (%) as at 31/03/2017 Government Bonds 17.8 Alternative Investment Strategies 16.3 Financials 11.8 Telecom, Media & Technology 9.5 Property 8.9 Consumer Products 5.6 Health Care 4.1 Basic Materials 3.6 Industrials 3.6 Others 18.7 Due to rounding figures may not total to 100% "Others" includes allocations to Equities, Money Market, Asset/Mortgage-Backed Securities, Consumer Services, High Yield Bond, Cash & Cash Equivalents and Utilities (non-exhaustive list). Notes: **Benchmark Constituents: - Constituents since 11/03/2016: FTSE All Share Index (16%), MSCI World Index (20%), MSCI Emerging Markets Index (4%), IPDAP Benchmark (7.4%), 6 Month Sterling LIBOR (27.6%), IBOXX Sterling Non Gilts Index (11%), FTSE Actuaries UK Conventional Gilts Over 15 Years Index (7%), FTSE Actuaries UK Index-Linked Over 5 Years Index (7%). - Constituents from 01/12/2011 to 10/03/2016: FTSE All Share Index (16%), FTSE World Index (20%), MSCI Emerging Markets Index (4%), IPDAP Benchmark (7.5%), 6 Month Sterling LIBOR (27.5%), IBOXX Sterling Non Gilts Index (11%), FTSE Actuaries UK Conventional Gilts Over 15 Years Index (7%), FTSE Actuaries UK Index-Linked Over 5 Years Index (7%). Benchmark performance figures shown on this factsheet reflect the historical change of constituents. 3 of 5

4 Fund Performance FUND DISCRETE PERFORMANCE 31/03/16-31/03/17 31/03/15-31/03/16 31/03/14-31/03/15 31/03/13-31/03/14 31/03/12-31/03/13 Fund % growth # 15.5% -0.5% 12.6% 4.5% 11.3% BENCHMARK DISCRETE PERFORMANCE 31/03/16-31/03/17 31/03/15-31/03/16 31/03/14-31/03/15 31/03/13-31/03/14 31/03/12-31/03/13 Benchmark 14.7% 0.7% 11.5% 3.3% 9.7% CUMULATIVE PERFORMANCE TO 31/03/ Months 1 Year 3 Years 5 Years 10 Years Fund % growth # 3.5% 15.5% 29.5% 50.6% - Benchmark 2.8% 14.7% 28.8% 45.9% - ANNUALISED PERFORMANCE TO 31/03/ Years 5 Years 10 Years Fund % growth # 9.0% 8.5% - Benchmark 8.8% 7.9% - # Prior to 1 st October 2011, investments in this Fund were held by Winterthur Life UK Ltd. From the 1 st October 2011, following the transfer of business from Winterthur Life UK Ltd to AXA Wealth Ltd, these investments are now held by AXA Wealth Ltd. Past performance figures shown prior to this date reflect the performance achieved by the Winterthur Life UK Ltd Fund. Fund performance figures shown are after reinvestment of any income the Fund receives and deduction of the Annual Management Charge and Fund Expenses. Charges and expenses may have changed over time, which is reflected in the performance figures. However, the Fund performance shown does not take into consideration any additional charges that may be invoiced to your scheme. This means that the past performance of your investment may be lower than the figures shown. Benchmark performance shown in our tables and charts is for comparison purposes only and is based on Total Returns. Total Returns assumes that any dividend was taxed at basic rates of income tax and then reinvested. The benchmark will not include costs or charges which would apply to the Fund or those likely to be incurred if constructing such a portfolio generally. Please see the last page of this document for third parties disclaimers that may apply. Past performance is not a guide to future performance. PERFORMANCE FROM 31/03/2012 TO 31/03/2017 % Apr Sep Feb Jul Dec May Oct Mar Aug Jan Jun Nov 16 Moderate Growth Composite Benchmark** 31/03/ /03/2017 Powered by data from FE 2017 You should be aware that the value of investments may fall as well as rise and is not guaranteed. You may get back less than you invest. 4 of 5

5 SPECIAL RISK FACTOR(S) Some funds are exposed to special risk factors linked to the type of investment strategy they pursue. This section indicates which risks are applicable to this particular Fund. Please read the AXA Wealth Guide to your scheme fund factsheet for a detailed description of these risks: - EMERGING MARKETS - PROPERTY 2 IMPORTANT INFORMATION This Fund is single priced. This means that on any given date, a member purchasing units in this Fund will receive an identical unit price to a member who is selling units in this Fund. The Fund s unit price is determined by the price of the underlying fund(s) in which it invests, which can be impacted by net inflows or net outflows from the underlying fund(s). Where an underlying fund has a different price for purchases and sales of it, the unit price of an AXA Wealth Fund can also be impacted by a change in the trend of flows into or out of AXA Wealth s Funds. Consequently, our unit price may fall or rise as a result of AXA Wealth needing to buy or sell units in the underlying fund(s) or as a result of a change in the trend of flows of the underlying fund(s). It should be noted that the performance and unit price of the Fund will not exactly match those of the underlying fund(s) due to fund charges and appropriate adjustments for taxation. AXA Wealth reserves the right to revise its charges at any time in accordance with the terms and conditions of the relevant product. Please note there may be an indefinite delay for disinvestments from funds where AXA Wealth is unable to realise the assets immediately. RISK OF INVESTMENT Many funds invest in shares or other assets which are designated in a different currency to the Fund. Some underlying funds can also be denominated in a different currency. Where there are currency differences prices may rise and fall purely as a result of changes in exchange rates. Except where indicated, the source of data in our factsheets is FE, a specialist investment data provider. Although AXA Wealth takes every care to ensure that the data provided by or to external sources about their own funds is accurate, occasionally discrepancies may occur for example due to pricing delays. In all cases AXA Wealth will endeavour to ensure that these discrepancies are corrected. AXA Wealth accepts no liability for loss due to such discrepancies, for example where the investor has relied on the information contained in the factsheet to help them make investment decisions. Third parties' disclaimers: Where the benchmark is wholly, or in part, a FTSE Index; Source: FTSE International Limited ( FTSE ) FTSE FTSE is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE s express written consent. Where the benchmark is wholly, or in part, an MSCI Index; Copyright MSCI All Rights Reserved. Without prior written permission of MSCI, this information and any other MSCI intellectual property may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices. This information is provided on an as is basis, and the user of this information assumes the entire risk of any use made of this information. Neither MSCI nor any third party involved in or related to the computing or compiling of the data makes any express or implied warranties, representations or guarantees concerning the MSCI index-related data, and in no event will MSCI or any third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any use of this information. AXA Wealth and SunLife (comprising of the companies Winterthur Life UK Holdings Limited, AXA Wealth Services Limited, AXA Wealth Limited, AXA Trustee Services Limited and AXA Sun Life Direct Limited) have been acquired by Pearl Life Holdings Limited (and now form part of the Phoenix Group - AXA and WINTERTHUR are trademarks that are owned by AXA SA and will be used for a short period under a licence granted by AXA SA to the Phoenix Group. Pearl Life Holdings Limited is registered in England ( ) at 1 Wythall Green Way, Wythall, Birmingham B47 6WG. As part of Phoenix Group, AXA Wealth Limited will continue to be authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority; AXA Wealth Services Limited will continue to be regulated by the Financial Conduct Authority. AXA Wealth, Winterthur Way, Basingstoke RG21 6SZ. Telephone number: As part of our commitment to quality service and security, telephone calls may be recorded. The Corporate Trustee Investment Plan is provided by AXA Wealth Limited, registered in England No The registered office is 1 Wythall Green Way, Wythall, Birmingham, B47 6WG. 5 of 5