Royal Lo...

Price: 100.4000 GBX

Change: icon-down-small -0.50%

Royal London Ethical Bond Z Inc

Royal London Ethical Bond Z Inc

ISIN:

GB00BJ4KSZ90

IA Sector:

IA Sterling Strategic Bond

Risk level:

4

FE fundinfo Rating:

3 of 5

Income

Price:

100.4000 GBX

27 March 2024

Last change:

icon-down-small -0.50%

1 year change:

icon-up-small 7.76%

5 year annualised return:

0.91%

12 month yield:

4.35%

At a glance

At a glance performance and information

Eligibility:

Share Dealing Account Yes
ISA Yes
No ShareBuilder
Yes SIPP

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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 31/12/18 to 31/12/19 31/12/19 to 31/12/20 31/12/20 to 31/12/21 31/12/21 to 31/12/22 31/12/22 to 31/12/23
Royal London Ethical Bond Z Inc 10.19% 7.89% -0.47% -17.08% 9.70%
IA Sterling Strategic Bond 9.26% 6.55% 0.77% -11.01% 7.83%
Markit iBoxx GBP Non Gilts 9.27% 7.80% -3.09% -17.73% 8.58%

Trailing returns

(*annualised)

Trailing returns
Investment 3 months 6 months 1 year 3 years* 5 years*
Royal London Ethical Bond Z Inc 0.62% 7.88% 7.76% -2.14% 0.91%
IA Sterling Strategic Bond 0.85% 7.29% 7.23% -0.44% 1.87%
Markit iBoxx GBP Non Gilts -0.50% 6.83% 5.44% -3.60% -0.42%

Fund Objective: The Fund’s investment objective is to achieve a total return over the medium term, which should be considered to be a period of 3-5 years, by investing predominantly in sterling-denominated corporate bonds, which meet predetermined ethical criteria. The Fund's performance target is to outperform, after the deduction of charges, the Markit iBoxx Sterling Non-Gilt Total Return All Maturities GBP Index (the "Index") over rolling 5-year periods. The Index is regarded as a good measure of the performance of investment-grade corporate bonds denominated in sterling. The Index is considered an appropriate benchmark for the Fund's performance, as many of the Fund’s potential investments will be included in the Index. In addition to the benchmark for the Fund’s performance as noted above (the "Index"), the IA Sterling Strategic Bond sector is considered an appropriate benchmark for performance comparison.

Manager name Royal London Unit Tst Mgrs Ltd
Manager start date 01 June 2023
Manager Biography Eric Holt – Senior Fund Manager Eric has extensive knowledge of investment grade and high yield corporate bonds, gained over a career spanning more than 40 years. He manages the Ethical Bond Fund and the Sterling Extra Yield Bond Fund as well as having a wider role within the team. 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.
Investment style: N/A
Region (geographical) Global
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. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged. 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: Halifax The cost of buying or selling some or all of your investment. £9.50 (per online trade)
Breakdown

Asset Allocation

Fund size: 1,223,547,539.98 GBX

Chart date: March 27, 2024

Top 10 Holdings

Top 10 Holdings
Security Weight
Santander uk % non cum pref plc 1.05%
Aviva plc 6.875%/ frn 20/05/58 gbp50000 1.00%
Co-operative group holdings (2011) 7.5% 08/07/2026 0.98%
Ecclesiastical insurance office .6 0.88%
Progress health 5.5810000000 02 oct 2042 0.88%
Anglian water (osprey)financing plc 4% gtd sec nts 08/03/26 gbp100000 0.87%
International finance facility for immunisation company 2.75% mtn 07/06/25 gbp1000 35 1 reg s 0.85%
Hsbc holdings plc 8.201% 16/11/2034 0.84%
Places for people homes 3.625% gtd nts 22/11/28 gbp100000 0.78%
Eversholt funding plc 2.742% bds 30/06/40 gbp100000 0.72%

Sectors

Sectors
Sectors Weight
Corporate Bonds 26.50%
Financial Services 25.21%
Insurance 13.12%
Property 12.97%
Utilities 7.45%
Real Estate 5.64%
Consumer Services 5.19%
General Industrials 1.72%
Government Agency Bonds 1.01%
Consumer Goods 0.65%

World regions

World regions
Country Weight
UK 80.02%
France 4.33%
Germany 2.11%
Ireland 1.75%
USA 1.67%
Australia 1.52%
Sweden 1.50%
Spain 1.14%
Switzerland 0.88%
Spain 0.85%
ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

ESG Metric

Score

MSCI ESG Quality Score (0-10)

7.5

MSCI ESG Quality Score - Peer Percentile (0-100)

80%

MSCI ESG Quality Score - Global Percentile (0-100)

88%

Fund Environmental Impact Involvement (%)

12%

Fund Social Score Impact Involvement (%)

5%

Fund Severe Governance Controversies Involvement (%)

13%

EXPOSURE TO SUSTAINABLE IMPACT THEMES

EXPOSURE TO SRI EXCLUSIONS

EXPOSURE TO FOSSIL FUEL


Important information

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 registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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