AXA Fixed Interest Investment ICVC - AXA US Short Duration High Yield Fund ZI Gross Income

Category Other Bond

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

85.58p

arrow-up0.01p (+0.01%)

Fund Code

FMZII

B5T0SW3

GB00B5T0SW38

Prices updated as at 15 Nov 2024

Prices in GBX

Investment objective

The aim of this Fund is to generate income by investing in high yield debt securities (being sub-investment grade corporate bonds) while seeking to avoid the risk of defaults. The Fund aims to deliver a return by investing at least 60 per cent of its Net Asset Value in high yield bonds (being sub-investment grade corporate bonds, meaning bonds with a rating of BB+ and below by Standard & Poor or equivalent rating by Moody’s or Fitch) with a bias towards shorter maturities (where the full repayment of the bond by the company is expected to be less than three years), issued primarily by companies with their predominant place of business in the US. The Fund may also invest in such bonds denominated in US Dollars and issued by non-US companies. The ACD seeks to reduce the effect of credit risk through diversification and its analysis and selection of bonds.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Fund status	Open
Fund type	Open Ended Investment Company
Fund manager	Vernard Bond, Peter Vecchio
	85.71
	82.56
Fund comparative index	SONIA Compounded PR GBP
	Specialist Bond
	-
	0.46
	0.22
	0.00
	Other Bond
	No
Fund provider	AXA Investment Managers UK Ltd
Share class launch date	30 Apr 2010
	£902.64m
	8.00
	-
	5.08
	Semi-Annually

Please note that some funds may have small additional incidental charges that are not shown here. Where these charges do exist they are included within the variable ongoing costs in the Pre-sale Illustration.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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AXA US Short Duration High Yield Fund