Morningstar Fund Report  | 05/04/2025Print

AXA Framlington Global Technology Fund - Z Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
AXA Framlington Global Technology Fund - Z Accumulation
Fund22.4-29.233.220.0-16.3
+/-Cat7.4-1.01.8-1.3-5.5
+/-B’mrk-9.9-5.2-12.2-12.4-2.7
 
Category: Sector Equity Technology
Category Benchmark: Morningstar Gbl Tech TME NR...
Key Stats
NAV
04/04/2025		 GBX 681.40
Day Change -5.14%
Morningstar Category™ Sector Equity Technology
IA (formerly IMA) Sector Technology and Technology Innovation
ISIN GB00B4W52V57
Fund Size (Mil)
04/04/2025		 GBP 950.49
Share Class Size (Mil)
04/04/2025		 GBP 635.13
Max Initial Charge -
Ongoing Charge
12/02/2025		  0.81%
Investment Objective: AXA Framlington Global Technology Fund - Z Accumulation
The aim of this Fund is to provide long-term capital growth over a period of 5 years or more. The Fund invests in shares of listed companies engaged in the research, design and development of technologies in all sectors including IT and the internet which the Manager believes will provide above-average returns. The Fund invests in companies of any size which can be based anywhere in the world, albeit the Fund tends to be biased towards the US as this is where the majority of technology related companies are based. The Manager selects shares based upon analysis of a company’s financial status, quality of its management, expected profitability and prospects for growth.
Returns
Trailing Returns (GBP)04/04/2025
YTD-22.40
3 Years Annualised-0.69
5 Years Annualised12.10
10 Years Annualised14.83
12 Month Yield 0.00
Management
Manager Name
Start Date
Tom Riley
01/04/2019
Pauline Llandric
30/09/2024
Click here to see others
Inception Date
22/06/2011

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC World IT and CS NR GBPMorningstar Gbl Tech TME NR USD
Portfolio Profile for  AXA Framlington Global Technology Fund - Z Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.200.0099.20
Bond0.000.000.00
Property0.000.000.00
Cash0.960.160.80
Other0.000.000.00
Top 5 Regions%
United States83.21
Asia - Developed8.11
Eurozone2.72
Asia - Emerging2.65
Japan1.32
Top 5 Sectors%
Technology72.36
Communication Services15.05
Consumer Cyclical9.14
Healthcare1.80
Real Estate1.65
Top 5 HoldingsSector%
Alphabet Inc Class CCommunication ServicesCommunication Services6.71
Broadcom IncTechnologyTechnology5.91
NVIDIA CorpTechnologyTechnology5.81
Apple IncTechnologyTechnology5.38
Taiwan Semiconductor Manufacturi... TechnologyTechnology5.38
Increase Decrease New since last portfolio
AXA Framlington Global Technology Fund - Z Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  AXA Framlington Global Technology Fund - Z Accumulation
Category:  Sector Equity Technology
Category Index:  Morningstar Gbl Tech TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return7.0433.7749.0622.40-29.1833.2420.02-16.31
+/- Category10.403.675.367.43-1.011.79-1.26-5.53
+/- Category Index----9.85-5.15-12.22-12.42-2.72
% Rank in Category934293258485581
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-5.14   -2.252.26
1 Week-10.83   -5.21-2.23
1 Month-16.06   -5.12-2.75
3 Months-22.80   -10.53-1.99
6 Months-12.16   -9.23-1.22
YTD-22.40   -11.13-3.39
1 Year-11.53   -12.46-6.97
3 Years Annualised-0.69   -3.72-9.57
5 Years Annualised12.10   -1.42-7.90
10 Years Annualised14.83   0.52-3.33
 
Category: Sector Equity Technology
Category Index: Morningstar Gbl Tech TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-16.31---
20245.853.84-4.7514.65
202312.536.070.7910.75
2022-9.36-16.993.50-9.06
2021-2.5113.671.488.84
2020-6.0930.499.3311.26
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageBelow Average3 star
10-YearAverageAverage3 star
Overall*AverageAverage3 star
 
Category :  Sector Equity TechnologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev18.63 %
3-Yr Mean Return3.24 %
 
3-Yr Sharpe Ratio-0.04
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Tech TME NR USD  Morningstar Gbl Tech TME NR USD
3-Yr Beta0.780.78
3-Yr Alpha-8.05-8.05
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 229900-
Market Capitalisation% of Equity
Giant50.61
Large28.82
Medium18.29
Small2.28
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings28.821.21
Price/Book7.301.54
Price/Sales7.041.96
Price/Cash Flow14.020.98
Dividend-Yield Factor0.490.51
 
Long-Term Projected Earnings Growth14.361.05
Historical Earnings Growth14.461.35
Sales Growth13.702.30
Cash-Flow Growth26.502.21
Book-Value Growth13.681.63
 
Category: Sector Equity Technology
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.200.0099.20
Bond0.000.000.00
Property0.000.000.00
Cash0.960.160.80
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States83.211.27
Canada0.000.00
Latin America1.141.56
United Kingdom0.850.78
Eurozone2.720.46
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan1.320.46
Australasia0.000.00
Asia - Developed8.110.63
Asia - Emerging2.650.36
 
Category: Sector Equity Technology
Sector Weightings31/01/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical9.141.17
Real EstateReal Estate1.654.64
HealthcareHealthcare1.800.77
Communication ServicesCommunication Services15.051.18
TechnologyTechnology72.361.05
 
Category: Sector Equity Technology
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings47
Total Number of Bond Holdings0
Assets in Top 10 Holdings49.77
NameSectorCountry% of Assets
Alphabet Inc Class C308United States6.71
Broadcom Inc311United States5.91
NVIDIA Corp311United States5.81
Apple Inc311United States5.38
Taiwan Semiconductor Manufacturing Co... 311Taiwan5.38
Meta Platforms Inc Class A308United States4.71
Microsoft Corp311United States4.20
Amazon.com Inc102United States4.18
Salesforce Inc311United States3.82
ServiceNow Inc311United States3.67
 
Increase Decrease New since last portfolio
Category: Sector Equity Technology
 
Management
Name of CompanyAXA Investment Managers UK Ltd
Phone44 20 7003 2345
Websitewww.axa-im.com
Address22 Bishopsgate
 London   EC2N 4BQ
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date22/06/2011
Fund Advisor(s)
AXA Investment Managers UK Ltd
Fund ManagerTom Riley
Manager Start Date01/04/2019
Career Start Year2009
Education
Bristol University, B.Sc
 
Biography
Tom Riley is the Head of Global Thematic Strategies at AXA IM Equities and the lead Portfolio Manager of the AXA Robotech strategy. He is a Portfolio Manager on several Thematic & Technology related funds/mandates. In his role as Head of Global Thematic Strategies, he is responsible for overseeing the thematics investments teams globally and coordinating the investment views across the major themes that are forecast to impact the global economy over the coming years. Tom started his career in 2009 with AXA IM Framlington Equities as an Investment analyst before joining the Global Equity and Technology investment teams in 2013. Tom is a CFA Charterholder and holds a BSc (Hons) in Mathematics & Statistics from Bristol University.
Fund ManagerPauline Llandric
Manager Start Date30/09/2024
Career Start Year2008
Education
2007, INP Toulouse, B.Tech
2008, Paris-Dauphine University, M.S.
 
Biography
Pauline Llandric is Portfolio Manager, Technology and Co-Lead Portfolio Manager of the AI & Metaverse fund and the AXA AWF Digital Economy Fund. She is a Portfolio Manager on several Technology related funds/mandates. Previously Pauline was a Senior Investment Research Analyst in the Investment Analytics team, focusing on portfolio engineering, investment research and risk analysis at AXA IM. Pauline started her investment career in September 2008 as a quantitative analyst at AXA IM. Pauline graduated with an Industrial Engineering Degree from INP Toulouse in 2007 and a master’s degree in finance from Paris-Dauphine University in 2008. Pauline is a CFA Charterholder.
Fund ManagerJames Dowey
Manager Start Date02/01/2025
Career Start Year2005
Education
London School of Economics, Ph.D.
University of Cambridge, M.Ph.
University of Edinburgh, M.A.
 
Biography
James Dowey joined AXA Investment Managers in December 2024 as Portfolio Manager, Technology. Prior to joining AXA IM, he was Co-Head of the Global Innovation Team at Liontrust Asset Management, co-managing the Liontrust Global Technology, Global Innovation and Global Dividend funds. Prior to that he worked as a researcher in the oil and gas sector, an actuarial analyst, and spent 12 years at Neptune Investment Management including serving as Chief Investment Officer. He has also researched and taught the history of innovation at the London School of Economics and Political Science. James holds a PhD in Economic History from the London School of Economics and Political Science, an MPhil in Economics from the University of Cambridge, and an MA in Economics from the University of Edinburgh.
Fund ManagerMatthew Ward
Manager Start Date02/01/2025
Career Start Year2005
Education
Exeter University, B.A.
 
Biography
Matthew Ward joined AXA Investment Managers in December 2024 as Portfolio Manager, Technology. Before joining AXA IM, Matthew spent over 16 years at Barings and most recently was Head of Global Technology Equities and Co-Head of Global and International Equities. Prior to these positions, he was managing European equity mandates, and was appointed Co-Head of the European Equities team in 2020. Matthew is a Fellow Chartered Accountant and IMC holder and holds a BA Business Economics degree from the University of Exeter.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.81%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional5000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes