Fact sheet: Royal London Corporate Bond

Fund information
Fund name
Royal London Corporate Bond M Acc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund managers
  • Jonathan Plattsince 01/03/1999
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
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.7%
1 Year rank in sector
37/92
Sector
UT Sterling Corporate Bond
Yield
3.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.51%
Fund size
£931m (£819m 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.
33
Mid price
125.3
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT 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%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-4.4%2.8%6.7%21.2%44.4%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector48 / 9746 / 9435 / 9437 / 9213 / 8714 / 71
Quartile2nd2nd2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.7%0.2%12.4%2.3%14.9%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector41 / 9233 / 9015 / 8714 / 7823 / 71
Quartile2nd2nd1st1st2nd
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.
0.68
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.
1.06
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.
0.49
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%.
5.64
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.
0.61
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.
1.62
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.
0.99
Price movement
52 week high131.6
52 week low115.4
Current bid price-
Current offer price-
Current mid price125.3
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
Royal London Unit Tst Mgrs
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
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
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
None
Investment method
Fixed Interest
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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Corporate Bond A Inc
Initial charge3%
Annual charge0.9%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price96.89
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRD03
Royal London Corporate Bond M Acc
Initial charge-
Annual charge0.45%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWUM
Royal London Corporate Bond M Inc
Initial charge-
Annual charge0.45%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code13CO
Royal London Corporate Bond Z Inc
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.34%
Bid price-
Offer price-
Mid price100.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeISS8
Data provided by

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