AXA US Short Duration High Yield

A high yield bond funds which invests in securities that have a maturity of under 3 years.

The fund invests in US domiciled, dollar-denominated corporates with an average credit credit quality below investment grade. The underlying credits will predominantly have short maturities as the manager believes that buying bonds with much lower default risk will deliver superior risk-adjusted returns.

High yield issues are selected following stringent analysis of the issuer's capital structure and cash flows, as well as the rights of the bond holder as per the covenants. The team place their emphasis on finding credits with relatively little risk which is evidenced by the very low default rate since inception.

Fund type UK OEIC
Asset class Bonds
Sector Corporate Credit - HY
Managed by Carl Whitbeck
This fund is not currently listed in our model portfolios

Manager Profile

Carl has over 15 years' experience and is widely regarded as one of the foremost high yield credit gurus in the US. Carl has worked on the strategy since 2010 having joined AXA IM in 2002. He previously worked as an analyst in the M&A division of Lehman Brothers, working on a variety of transactions with a particular focus on consumer and retail sectors within high yield. Carl manages the US team and acts as a co-manager on the Global High Income strategy.

Fund performance

AXA Investment Managers UK

AXA Investment Managers is one of the largest global asset managers, with assets under management of €757 billion (as of June 2019). It was founded in 1994 and has run a full range of products since, and is wholly owned and supported by the AXA Group. The group manages a full spectrum of products including equities, fixed income, alternatives and property.