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AXA WF Framlington UK Class L - Accumulation (GBP)

Sell:142.15p Buy:142.15p Change: 1.14p (0.80%)
Prices as at 9 August 2022
Change: 1.14p (0.80%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 9 August 2022
Change: 1.14p (0.80%)
Prices as at 9 August 2022
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

Chris St John is a proven, well-incentivised fund manager with the freedom to invest across large, medium-sized and higher-risk smaller UK companies. He's got the support of a well-resourced team, as well as other AXA fund managers.

This fund is still quite small in size. That means it's agile enough for the manager to take advantage of almost any opportunity. We see this fund as a great way to access the potential of the UK stock market and expect it to do well over the long term, although there are no guarantees.

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

Chris St John has repeatedly shown a talent for investing in companies with outstanding long-term growth potential. Our analysis suggests his stock picking has been particularly good amongst small and medium-sized companies. This is one of the main reasons he's significantly outperformed his peers in the IA UK All Companies sector over his fund management career. Past performance isn't a guide to the future.

Investment Philosophy

Chris St John tries to limit losses during turbulent times. The fund then has less ground to make up when markets improve. He prefers businesses with sustainable business models, low debt and barriers to entry from competition. He thinks these qualities make a company the master of its own destiny.

Process and Portfolio Construction

The manager looks for themes in the economy and identifies the areas of the stock market most likely to benefit as a result. Then he invests in companies within those areas that hold the most promise. He thinks the calibre of senior management teams is particularly important within small and medium-sized businesses because they have a greater influence on the company's overall success. He invests in those with the strongest growth prospects, where their potential is not fully reflected in the share price.

Please note the AXA WF Framlington UK Fund is an offshore fund so investors are not protected by the Financial Services Compensation Scheme.

question mark Manager Track Record Based on HL Quantitative Research

  • AXA Framlington UK Smaller...
  • AXA Framlington UK Mid Cap Z Acc
  • AXA WF Framlington UK L C GBP
  • IA UK Smaller Companies
  • IA UK All Companies

Fund Track Record

09/08/17 to 09/08/18 09/08/18 to 09/08/19 09/08/19 to 09/08/20 09/08/20 to 09/08/21 09/08/21 to 09/08/22
Annual return 6.13% 1.49% -2.62% 23.20% -12.09%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: Chris St-John
Manager start date: 18 November 2015
Manager located in: London

Chris joined AXA Framlington in 2005 as a portfolio manager on the UK small cap desk, responsible for the management of a number of pension funds focused on UK small and mid cap companies. In February 2008 he was appointed Portfolio Manager of the UK Smaller Companies Fund. Previously, Chris worked at ISIS (which later became Foreign & Colonial) until his appointment at AXA Framlington, where he progressed from equity analyst to lead fund manager on four institutional FTSE Small Cap funds. In 2003 he was promoted to lead fund manager of the UK Small Cap retail funds. Chris began his career at PricewaterhouseCoopers in 1995 as part of the London Middle Market Business Advisory Service. After a short period in the Corporate and International Tax department, he moved to Corporate Finance. Chris graduated from Durham University in 1995 with an honours degree in Philosophy and Psychology. He qualified as a Chartered Accountant in 1998.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account