Omnis Short-Dated Bond Fund

Investment Objective

The fund aims to achieve an annualised return consisting of both income and capital above the ICE BofAML 1-5 Year Sterling Non-Gilt Index by 1%, before all fees and expenses, over a five-year rolling period. There is no guarantee that this will be achieved over this, or any, timeframe and capital is at risk.

AXA’s philosophy is based on the belief that limiting the risk of losses on the initial investment and reinvesting the income paid by bonds can unleash the power of compound interest.

The manager combines a view of the global economy with thorough analysis of the issuer of individual bonds to select investments for the portfolio. The AXA Fixed Income team narrows down the field of opportunities to bonds expected to repay the initial investment within five years. The next step is to assess each bond’s level of risk and eliminate what they believe are the riskiest issues.

The fund invests in government bonds and corporate bonds- both investment grade, which are companies that are considered unlikely to default, and high yield, which pay a higher income to compensate for the greater risk of the companies issuing them. The fund also invests in emerging market bonds.

The fund is actively managed and the manager has full discretion when choosing assets to invest in (in-line with the fund’s investment objectives).

Key Fund Facts

Experienced investment team

Nicolas Trindade is a senior member of the highly experienced UK Fixed Income team.

Market mitigation

Aims to mitigate the impact of market volatility and provide a lower sensitivity to rising interest rates.

Investment breadth

Invests across the breadth of the short dated bond market, government bonds, investment grade, high yield and emerging markets. Bonds in the portfolio must have a maturity of 5 years or less.

Introducing the Investment Manager

Nicolas joined AXA IM in 2006 and is a senior portfolio manager within the Active Credit team. He is responsible for managing both global and sterling credit portfolios and provides relative value coverage of various sectors within AXA IM’s credit research organisation. He was named Fund Manager of the Year in the Sterling Corporate Bond category at the Investment Week Awards 2024 after being a finalist in 2023. He was also awarded the FE Fundinfo Alpha Manager rating in 2024. In August 2017, he was amongst 25 European investment professionals named a “Rising Star of Asset Management” by the Financial News.

He holds two Masters degrees, one in Diplomacy and International Strategy from the London School of Economics and one in IT Engineering from Telecom Sud Paris. He is also a CFA charterholder

AXA Investment Managers

Investment Policy

The fund intends to invest either directly, or indirectly through collective investments schemes (up to a maximum of 10%), at least 80% in bonds (including index-linked bonds) with shorter maturities (less than 5 years) issued by governments, government agencies and companies worldwide (including emerging markets). The fund will invest in bonds issued either in sterling, or in another currency which will be hedged back into sterling. The Fund may invest 60% in sub-investment grade bonds (considered to be Standard & Poor’s credit rating of below BBB or equivalent).

The Fund may also invest in transferable securities, money market instruments, warrants, cash, near cash and deposits as detailed in the Prospectus.

Exposure to collective investment schemes may include schemes managed and operated by the ACD or its associates.

Derivatives may be used both for investment purposes and for efficient portfolio management.

Omnis Investments

Omnis Short-Dated Bond Fund

Investment Manager

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