AXA Investment Managers ISIN LU1164219922

AXA World Funds - Euro Credit Total Return

AXA World Funds - Euro Credit Total Return is an active bond fund from AXA Investment Managers, ISIN LU1164219922.

  • Active
  • Bond
  • Global
  • Fund size (GBP) £4.5B

The Sub-Fund's investment objective is to maximize total return from a combination of income and capital growth by investing in fixed income securities mainly denominated in Euro over a long term period.

How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
−3.6% Q3
1 year return
+15.1% Q1
3 year return
+16.9% Q1
5 year return
Daily NAV, percent change from the start of the range. Source: FE fundinfo.
  • 1 month −2.3%
  • 3 months −4.0%
  • Volatility, 3 years 4.5%
  • Ongoing charge (OCF)
  • Fund size (GBP) £4.5B

What the fund holds

Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 5 Oct 2026. Swipe or use the arrows for more panels.

By sector

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Industrials45.5%
Financial40.6%
Utility11.0%
See all sectorsA free account shows the full list.

By country

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
France21.8%
Germany13.8%
Italy11.1%
See all countriesA free account shows the full list.

By asset class

Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
French Fixed Interest21.8%
German Fixed Interest13.8%
Global Fixed Interest13.6%
See all asset classesA free account shows the full list.

Largest holdings

The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 5 Oct 2026.
  1. 1. EURO-SCHATZ FUT DEC24 Expo9.5%
  2. 2. EURO-BUND FUTURE DEC24 Expo6.2%
  3. 3. BUNDESREPUBLIK DEUTSCHLAND 0.5% BDS 15/02/28 EUR0.012.5%
  4. 4. BANCO SANTANDER S.A. VAR UNDATED BDS EUR200000REG S0.7%
  5. 5. FEDERAL REPUB BRD 2.3% 15Feb330.5%
See all holdingsA free account shows the full list.

Macro events and this fund

Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.

Performance, risk and facts

Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.

Against its benchmark

How the fund compares with its benchmark over the same period.

Risk

How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years4.5%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)0.93
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−6.0%
Alpha, 3 years (FE)
3.51
Beta, 3 years (FE)
0.86

Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.

Sharpe, alpha, beta: FE fundinfo, as at 5 Jul 2026.

Fund facts

Legal and cost facts for a client note. As reported by the manager.
ISIN
LU1164219922
Fund manager
Bunel, Lecanu, Frelet, Velot, Deixonne, De Laval, Team_Support
Management company
BNP Paribas Asset Management Europe S.A.S
Depositary
State Street Bank International GmbH, Luxembourg Branch
Ongoing charge
Share class launch date
28 Aug 2017
Domicile
LU
Fund type
open-ended fund
SRRI
4 of 7

What a sum would have become

What an amount would have grown to over the period.
n/a

Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.

Managed by AXA Investment Managers

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Sector: FE GL Flexible Bond EUR

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Top country exposure