Charter Multi-Sector Bond Portfolio
Data updated: 2023-11-27
C000104142 — Charter Multi-Sector Bond Portfolio. Money Market · $714.42M AUM · 0.68% expense ratio. Holdings, fees, performance and SEC filings.
C000104142 Fund Overview
Charter Multi-Sector Bond Portfolio is a US mutual fund managed by Axa Premier Vip Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Axa Premier Vip Trust
- Category: Money Market
- Assets under management: $714.42M
- 1-year return: -0.4%
- SEC CIK: 0001160168
- SEC series ID: S000008451
- Share class ID: C000104142
C000104142 Investment Objective and Strategy
Charter Multi-Sector Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Axa Premier Vip Trust.
Investment objective
Seeks to achieve high total return through a combination of current income and capital appreciation.
Principal investment strategy
The Portfolio pursues its investment objective by investing in other mutual funds managed by AXA Equitable Funds Management Group, LLC (FMG LLC or Adviser) and in investment companies managed by investment managers other than FMG LLC (affiliated and unaffiliated Underlying Portfolios) and in exchange traded securities of other investment companies or investment vehicles (Underlying ETFs) comprising various asset categories and strategies. The Portfolio will invest in Underlying Portfolios and Underlying ETFs such that at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) are invested in a diversified mix of bonds, including investment grade bonds and bonds that are rated below investment grade (so called junk bonds), which may include derivatives exposure to bonds.
For purposes of this investment policy, a debt security is considered a bond. Debt securities represent an issuers obligation to repay a loan of money that generally pays interest to the holder. Bonds, notes, debentures, bank loans, bonds in multiple sectors including, commercial and residential mortgage-backed securities, asset-backed securities, corporate bonds and bonds of foreign issuers, including issuers located in emerging markets, are examples of debt securities. The Portfolio allocates its assets to Underlying Portfolios and Underlying ETFs that invest among various asset categories. The asset categories and strategies of the Underlying Portfolios and Underlying ETFs in which the Portfolio invests are as follows: Bank Loans Emerging Markets Debt Floating Rate Securities Global Bond High Yield Bond Inflation Linked Securities International Bond Money Market US Government Bond US Investment Grade Bond US Short Term Investment Grade Bond In addition, the Portfolio may invest in Underlying Portfolios and Underlying ETFs that employ derivatives (including futures contracts) for a variety of purposes, including to reduce risk, to seek enhanced returns from certain asset classes, and to leverage exposure to certain asset classes.
The Adviser selects the Underlying Portfolios and Underlying ETFs in which to invest the Portfolios assets. In selecting Underlying Portfolios and Underlying ETFs, the Adviser will utilize a proprietary investment process that may take into consideration a number of factors including, as appropriate and applicable, fund performance, management team, investment style, correlations, asset class exposure, industry classification, benchmark, risk adjusted return, volatility, expense ratio, asset size and portfolio turnover. For purposes of complying with the 80% policy identified above, the Adviser will identify Underlying Portfolios and Underlying ETFs in which to invest by reference to such Underlying Portfolios or Underlying ETFs name and investment policies at the time of investment. An Underlying Portfolio or Underlying ETF that changes its name or investment policies subsequent to the time of the Portfolios investment may continue to be considered an appropriate investment for purposes of the 80% policy.
For purposes of asset class and asset category target allocations, where an Underlying Portfolio or Underlying ETF could be assigned to more than one asset class (e.g., equity and alternative asset classes) or category (e.g., international bond and global bond asset categories), the Adviser may, in its discretion, assign an Underlying Portfolio or Underlying ETF to one or more asset classes or categories. The Adviser may add new Underlying Portfolios and Underlying ETFs or replace or eliminate existing Underlying Portfolios and Underlying ETFs without shareholder approval. The Underlying Portfolios and Underlying ETFs have been selected to represent a reasonable spectrum of investment options for the Portfolio. The Adviser may sell the Portfolios holdings for a variety of reasons, including to invest in an Underlying Portfolio or Underlying ETF believed to offer superior investment opportunities.
C000104142 Holdings
Top 10 holdings of Charter Multi-Sector Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States of America | 12.02% |
| United Mexican States | 5.02% |
| United States of America | 4.83% |
| United States of America | 3.40% |
| FNMA or FHLMC | 2.81% |
| United States of America | 2.74% |
| Republic of Peru | 2.45% |
| United States of America | 2.28% |
| United States of America | 2.07% |
| Republic of Poland | 1.90% |
C000104142 Portfolio Allocation
Asset-class allocation of Charter Multi-Sector Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 79.9% |
| Securitized | 15.0% |
| Cash & Equivalents | 5.7% |
C000104142 Performance
Total returns for C000104142 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.4% |
| 3 years (annualised) | -4.1% |
C000104142 Risk Information
Risk metrics for C000104142, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.5%
C000104142 Costs and Fees
C000104142 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.79%
- Portfolio turnover: 187%
- Brokerage commissions: 0.43 bps of average net assets (SEC N-CEN)
C000104142 Cashflows
Over the 12 months to 2023-09, Charter Multi-Sector Bond Portfolio had net inflows of $116.49M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | −$3.83M |
| 2023-08 | $159.32K |
| 2023-07 | −$2.47M |
| 2023-06 | $6.30M |
| 2023-05 | −$5.31M |
| 2023-04 | −$2.24M |
C000104142 Debt Constituents
Largest debt holdings of Charter Multi-Sector Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 12.02% |
| United Mexican States | 5.02% |
| United States of America | 4.83% |
| United States of America | 2.74% |
| Republic of Peru | 2.45% |
| United States of America | 2.07% |
| Republic of Poland | 1.90% |
| United States of America | 1.56% |
| Republic of Colombia | 1.33% |
| Republic of Peru | 1.20% |
C000104142 Prospectus and SEC Filings
Official Charter Multi-Sector Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-26
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus supplement (497) — filed 2022-11-10
- Portfolio holdings (N-PORT) — filed 2023-11-27
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Annual census (N-CEN) — filed 2023-03-15
- Annual census (N-CEN) — filed 2022-03-10
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.