AXA Carbon Transition Sterling Buy and Maintain Credit Fund Z Gross Accumulation





Morningstar Sustainability Rating

Morningstar Sustainability Rating


Last buy/sell price

140.80p

Change

-0.10p (-0.07%)

Fund code

AXBMC

SEDOL

B7VXY26

ISIN

GB00B7VXY261

Prices updated as at
|
Prices in Great British Pence – GBX


Performance (12 months)







Investment objective

The aim of this Fund is to generate an income and capital return (net of fees) over the long term (being a period of five years or more) in line with the sterling-denominated investment grade corporate bond market, as represented by the ICE BofA Sterling Non-Gilt Index (the Index) and contribute to the global transition to net zero by investing in issuers which demonstrate a clear and credible commitment to achieving net zero carbon emissions by 2050 or are decreasing their carbon emissions intensity to achieve net zero emissions by 2050. The Fund invests at least 70% of its Net Asset Value in sterling-denominated investment grade corporate bonds (meaning bonds with a credit rating of at least BBB- by Standard & Poor or equivalent rating by Moody’s or Fitch or, if unrated, an equivalent rating as deemed by the ACD).



Key stats

As at 05 Mar 2026
Fund status
Open
Fund type
Open Ended Investment Company
Fund manager
Lionel Pernias, Rob Price
12 month NAV high The highest net asset value (NAV) of the fund over the last 12 months.
144.5
12 month NAV low The lowest net asset value (NAV) of the fund over the last 12 months.
133.3
Fund comparative index
ICE BofA Sterling Non-Gilt TR GBP
Investment Association (IA) sector
£ Corporate Bond
Ongoing charge (%) The annual management and operating costs of the fund expressed as a percentage of assets.
0.15
Transaction cost (%) The costs incurred when the fund buys or sells underlying investments.
0.08
Fund provider buy charge This is a fee charged by the Fund Provider for investing into the fund.
0.00
Morningstar category Morningstar categories help investors and investment professionals make meaningful comparisons between funds. Funds are grouped into categories according to their actual investment style, not merely their stated investment objectives or ability to generate a certain level of income. To ensure homogeneous groupings, Morningstar normally allocates funds to categories on the basis of their portfolio holdings. If the fund is new and has no portfolio history, Morningstar will estimate where it will fall,before giving it a more permanent category assignment. When necessary, they may change a category assignment based on recent changes to the portfolio. More detailed information on Morningstar categories can be found here (http://www.morningstar.co.uk/ uk/glossary/98381/morningstar-category.aspx). Owing to the wide variety of objectives and management styles available, please use comparisons with care.
GBP Corporate Bond
Performance fee This is a payment to the fund manager if certain performance levels are attained in a set period of time.
No
Fund provider
AXA Investment Managers UK Ltd
Share class launch date
31 Oct 2012
Total fund size The total value of all assets currently managed within the fund.
£176.36m
Distribution yield (%) Distribution Yield is calculated by totalling the interest expected to be paid over the next 12 months by the bonds currently held in the fund, then dividing by the value of the fund. This distribution yield datapoint is sourced from Broadridge.
4.56
Historic yield (%) Historic Yield is calculated by totalling the dividends paid over the last year by the shares currently held in the fund, then dividing by the value of the fund. This historic yield datapoint is sourced from Broadridge.
-
Underlying yield (%) Underlying Yield is calculated using the annualised income of the bonds currently held in the fund, net of expenses, then dividing by the value of the fund. This underlying yield datapoint is sourced from Broadridge.
4.50
Dividend payment frequency The frequency with which the fund expects to pay dividends, if at all.
Quarterly


Fund composition (as at 31 Jan 2026)

Top 10 holdings and asset class breakdown

Top 10 holdings

Name % of assets
United Kingdom of Great Britain and Northern Ireland4.73%
Long Gilt Future Mar 261.15%
Long Gilt Future Mar 261.14%
Westfield Stratford City Finance No.2 PLC0.96%
Snam S.p.A.0.94%
E.ON International Finance B.V.0.94%
Prologis, L.P.0.92%
DnB Bank ASA0.91%
Supermarket Income REIT Public Limited Company0.90%
General Motors Financial Company Inc0.90%
Assets in top 10 13.49%
Total equity holdings -
Total bond holdings 224

Asset class breakdown

Stocks
-
Bonds
99.58%
Cash
-0.18%
Other
0.59%
Not classified
-

*Residual / rounding — totals may not sum to 100%.



Important information

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