101.70p0.00p (0.0000%)313 Dec 2024
Last Price101.70pDay Change0.00p (0.0000%)
Price Date13 Dec 2024Morningstar Rating3
Shares ClassIncYield4.03%
Last Ex-Dividend Date2020-01-01Dividend Frequency-
Sector£ Corporate BondFund Size0.00
Launch Date2020-01-01Standard Initial Charge0.00%
Ongoing cost0.41%Annual Management Charge0.00%
ISINGB00B5VL0B78

Fund Objective

The aim of this Fund is to provide an income return combined with any capital growth over the short term (being a period of three years or less). The Fund invests at least 70% of its Net Asset Value in sterling-denominated or hedged back to sterling investment grade bonds (meaning bonds with a Standard & Poor's rating of at least BBB- or such equivalent rating by Moody's or Fitch), which are issued by companies with a bias towards shorter maturities with the aim of reducing the effect of fluctuations in interest rates. The ACD seeks to reduce the effect of credit risk through diversification and its analysis and selection of bonds.

Fund Managers

AXA Investment Managers UK Ltd