Royal Lo...

Price: 120.10 GBP

Change: icon-up-small 0.08%

Royal London Ethical Bond Z Inc

Royal London Ethical Bond Z Inc

ISIN:

GB00BJ4KSZ90

IA Sector:

IA Sterling Strategic Bond

Risk level:

1
2
3
4
5
6
7

FE fundinfo Rating:

3 of 5

Income

Price:

120.10 GBP

03 December 2021

Last change:

icon-up-small 0.08%

1 year change:

icon-up-small 2.11%

5 year annualised return:

5.23%

12 month yield:

2.58%

At a glance

At a glance performance and information

Eligibility:

Share Dealing Account Yes
ISA Yes
SIPP Yes
ShareBuilder No

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Add to chart:

  • Royal London Ethical Bond Z Inc
  • IA Sterling Strategic Bond
  • Markit iBoxx GBP Non Gilts

Discrete calendar year performance

Discrete calendar year performance
Investment 30/09/16 to 30/09/17 30/09/17 to 30/09/18 30/09/18 to 30/09/19 30/09/19 to 30/09/20 30/09/20 to 30/09/21
Royal London Ethical Bond Z Inc 1.94% 1.61% 9.54% 4.12% 3.09%
IA Sterling Strategic Bond 3.27% -0.11% 7.08% 3.59% 4.63%
Markit iBoxx GBP Non Gilts -0.20% 0.16% 10.17% 3.82% -0.41%

Trailing returns

(*annualised)

Trailing returns
Investment 3 months 6 months 1 year 3 years* 5 years*
Royal London Ethical Bond Z Inc -0.55% 2.11% 2.11% 6.35% 5.23%
IA Sterling Strategic Bond -0.60% 0.98% 1.73% 5.56% 4.11%
Markit iBoxx GBP Non Gilts -0.44% 1.88% -0.15% 5.31% 3.90%

Fund Objective: The Fund’s investment objective is to achieve a total return (combination of capital growth and income) over the medium term (3-5 years) by investing at least 80% in sterling-denominated corporate bonds, which meet predetermined ethical criteria. The Fund's performance target is to outperform the Markit iBoxx Sterling Non-Gilt Overall All Maturity Index (the “Index”) over a rolling 5-year period. For further information on the Fund's index, please refer to the Prospectus.

Manager name:

Royal London Unit Tst Mgrs Ltd

Manager start date:

01 June 2009

Investment style:

Active

Region (geographical):

United Kingdom

Manager Biography:

Eric Holt has extensive knowledge of investment grade and high yield corporate bonds, gained over a career spanning more than 30 years. He heads RLAM’s sterling credit team credit research process, as well as managing the Sterling Extra Yield Bond Fund and the Ethical Bond Fund. He joined RLAM in 1999 following Royal London’s acquisition of United Assurance, where he had worked for the previous 20 years. Eric is a graduate of Nottingham University with a degree in mathematics and is an associate of the Institute and Faculty of Actuaries.

Benchmark:

Markit iBoxx GBP Non Gilts

Sector:

IA Sterling Strategic Bond

FE fundinfo Rating:

3 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge Who receives this? What is it? Amount
Initial charge: The fund manager Charges applied by the fund management company for investing in their fund. 0.00%
Ongoing Charges: The fund manager The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year. 0.40%
Performance Fee: The fund manager A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions. N/A
Typical transaction cost: The fund manager The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading. 0.188%*
Dealing commission: Bank of Scotland The cost of buying or selling some or all of your investment. £9.50 (per online trade)
Breakdown

Asset Allocation

Fund size: 1,730,948,757.09 £

Chart date: December 3, 2021

Top 10 Holdings

Top 10 Holdings
Security Weight
Aviva 6.875%/ frn 20/05/58 gbp50000 1.00%
Thames water utilities cayman fin 7.738% bds 09/04/58 gbp100000 0.80%
Nationwide building society frn 24/02/2031 0.77%
Electricite de france 6% 23/01/2114 0.76%
Delamare finance 5.5457% 19/02/2029 0.74%
Eversholt funding plc 2.742% bds 30/06/40 gbp100000 0.71%
Progress health 5.581% 02/10/2042 0.70%
Uk municipal bonds agency finance frn 12/03/2025 0.67%
Mgnln 6 1/4 10/20/68 0.66%
Co-op wholesale soc 6.25% 08/07/2026 step 0.65%

Sectors

Sectors
Sectors Weight
Corporate Bonds 27.29%
Financial Services 21.55%
Property 13.39%
Insurance 10.80%
Utilities 9.62%
Consumer Services 6.12%
Real Estate 5.10%
Mortgage & Secured Bonds 1.69%
Government Agency Bonds 1.68%
General Industrials 1.47%

World regions

World regions
Country Weight
UK 75.47%
USA 4.83%
France 3.49%
Jersey 3.04%
Ireland 2.77%
Australia 2.12%
Netherlands 1.70%
Cayman Islands 1.41%
Luxembourg 0.64%
Sweden 0.61%

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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