Fact sheet: L&G Royal London Corp Bd Pn

Fund information
Fund name
L&G Royal London Corporate Bond Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Jonathan Plattsince 01/03/1999
Underlying fund
Royal London Corporate Bond
Fund objective
The fund seeks to achieve a combination of mainly income with some capital growth over the medium (5 years) to long term (7 years). The Corporate Bond Fund invests in a broad range of sterling fixed interest assets.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
7%
1 Year rank in sector
88/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£6m (£4m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
37
Bid price
180.95
Offer price
180.95
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn13.4%
MetLife Fid Corp Bd 20yr Pn12.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn11.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
FL TEActv Bln Bd IE11.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK99.8%
    International0.2%
  • Structured Products22.9%
    Financial Services19%
    Utilities14.3%
    Insurance10.1%
    Real Estate5.8%
  • Global Corporate Fixed Interest94.1%
    Alternative Investment Strategies4.3%
    UK Gilts1.4%
    Global Government Fixed Interest0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-4.4%4%7%22.2%49.6%
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector42 / 26487 / 26451 / 26488 / 25922 / 23419 / 209
Quartile1st2nd1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.8%1.5%12.6%3.1%16%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector104 / 25929 / 24523 / 23446 / 22547 / 209
Quartile2nd1st1st1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.38
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.68
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.19
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
0.85
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.37
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.97
Price movement
52 week high189.48
52 week low166.88
Current bid price180.95
Current offer price180.95
Current mid price-
Region
1UK99.8%
2International0.2%
Industry sector
1Structured Products22.9%
2Financial Services19%
3Utilities14.3%
4Insurance10.1%
5Real Estate5.8%
6Property5.4%
7Derivatives4.3%
8Telecommunications4.3%
9Consumer Services4.2%
Asset type
1Global Corporate Fixed Interest94.1%
2Alternative Investment Strategies4.3%
3UK Gilts1.4%
4Global Government Fixed Interest0.2%
Individual holdings
1CO-OPERATIVE BANK 4.75% GBL CVD BDS 11/11/21 GBP 2011-11.1%
2ELECTRICITE DE FRANCE 6% 23/01/21140.8%
3BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500000.7%
4EQUITY RELEASE FUNDING(NO.1) 5.7% MTG BKD NTS 26/02/31 GBP A20.7%
5EQUITY RELEASE FUNDING(NO.2) 5.88% MTG BKD NTS 26/5/32 GBP(VAR)`A2`0.7%
6LLOYDS BANK 13% PERP0.7%
7LLOYDS TSB BANK 5.125% NTS 07/MAR/2025 GBP10000.7%
8NIE FINANCE PLC 6.375% GTD NTS 02/06/26 GBP1000000.7%
9TREASURY 3.25% GILT 22/01/44 GBP0.010.7%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund seeks to achieve a combination of mainly income with some capital growth over the medium (5 years) to long term (7 years). The Corporate Bond Fund invests in a broad range of sterling fixed interest assets.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Jonathan Platt01/03/1999Overall asset allocation is determined by Jonathan Platt. He is supported by RLAM's award-winning Fixed Interest Team. Jonathan brings a wealth of experience and leadership to the Fixed Interest Team at RLAM. He joined the Royal London Group in 1985 and became Head of Fixed Interest in 1992. Jonathan has been instrumental in overseeing the development of the fixed interest process and remains committed to the management of client portfolios. Jonathan has an MA degree in Philosophy, Politics and Economics from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Royal London Corporate Bond Pn 3
Initial charge-
Annual charge0.37%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.42%
Bid price180.95
Offer price180.95
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDC2
L&G Royal London Corporate Bond Pn G25
Initial charge-
Annual charge0.52%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.52%
Bid price179.83
Offer price179.83
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL343
Data provided by

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