Fact sheet: RLP Ethical Bond Pn

Fund information
Fund name
RLP Ethical Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Eric Holtsince 26/03/2010
Underlying fund
Royal London Ethical Bond
Fund objective
The fund seeks to achieve a combination of income and capital growth over the medium (5 years) to long (7 years) term. The Ethical Bond Fund invests predominantly in investment grade UK corporate bonds which meet predefined ethical criteria. The policy of the fund considers all of the following ethical issues: alcohol, armaments, gambling, pornography, tobacco, human rights, animal testing and the environment.
Benchmark
  • Markit iBoxx Sterling Non Gilts Overall Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
6.4%
1 Year rank in sector
154/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£20m (£12m 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.
32
Bid price
157.2
Offer price
165.5
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK100%
  • Structured Products20.8%
    Financial Services19.2%
    Utilities14.7%
    Insurance11.8%
    Property10%
  • Global Corporate Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-4.1%2.9%6.4%22.3%45.3%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector88 / 265101 / 26578 / 265154 / 26046 / 23537 / 210
Quartile2nd2nd2nd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.3%1.1%13.1%1.9%14.8%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector160 / 26053 / 24614 / 23580 / 22668 / 210
Quartile3rd1st1st2nd2nd
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.
0.88
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.
0.99
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.
0.58
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%.
5.37
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.
0.86
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.
0.98
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 high164.4
52 week low145.6
Current bid price157.2
Current offer price165.5
Current mid price-
Region
1UK100%
Industry sector
1Structured Products20.8%
2Financial Services19.2%
3Utilities14.7%
4Insurance11.8%
5Property10%
6Consumer Services5.4%
7Real Estate5.1%
8Investment Trusts4.6%
9Mortgage & Secured Bonds3.7%
Asset type
1Global Corporate Fixed Interest100%
Individual holdings
1CO-OPERATIVE BANK 4.75% GBL CVD BDS 11/11/21 GBP 2011-11.1%
2ABBEY NATIONAL TREASURY 5.75% 02/03/20260.9%
3LONGSTONE 4.791% 19/04/360.9%
4PRUDENTIAL PLC 5.7% DATED TIER 2 NTS 19/12/63 GBP1000000.9%
5YORKSHIRE BUILDING SOCIETY 4.125% CAL RST SUB NT 20/11/24 GBP1000000.9%
63I GROUP 5.75% NOTES 3/12/2032 GBP(VAR)0.8%
7EQUITY RELEASE 5.7% 26/02/20310.8%
8FRESH 1997 8.368% 04/10/580.8%
9GROSVENOR UK FINANCE 6.5% DEB STK 29/9/2026 GBP10.8%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund seeks to achieve a combination of income and capital growth over the medium (5 years) to long (7 years) term. The Ethical Bond Fund invests predominantly in investment grade UK corporate bonds which meet predefined ethical criteria. The policy of the fund considers all of the following ethical issues: alcohol, armaments, gambling, pornography, tobacco, human rights, animal testing and the environment.
Benchmark
  • Markit iBoxx Sterling Non Gilts Overall Index
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Eric Holt26/03/2010Eric Holt has extensive knowledge of UK investment grade and high yield corporate bonds, gained over a career spanning more than 30 years. He has overall responsibility for RLAM’s 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 Refuge Assurance’s investment team, 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 of Actuaries.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Ethical Bond Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price157.2
Offer price165.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINM9
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