Fact sheet: Royal London Ethical Bond

Fund information
Fund name
Royal London Ethical Bond M Acc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund managers
  • Eric Holtsince 31/05/2009
Accolades
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
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.3%
1 Year rank in sector
25/77
Sector
UT Sterling Strategic 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
£361m (£264m 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
Mid price
124
Top in this sector
Fund name1 Year
Fidelity I Stg Cr + Bd11.8%
Natixis LS Stgc Inc11%
Fidelity UK Inv Grd Lg Cr10.6%
Fidelity Pre-Retirmnt Bd9.8%
NFU Mutual Gilt & Corporate Bond8.9%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

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

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-4.2%2.8%6.3%20.4%43%
Sector-1.2%-3.1%2.3%4.9%12.6%32.2%
Rank within sector49 / 8358 / 8224 / 8225 / 778 / 7116 / 60
Quartile3rd3rd2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.7%0.6%12.7%1.6%13.8%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector28 / 7724 / 746 / 7242 / 6433 / 61
Quartile2nd2nd1st3rd3rd
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.
0.87
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.
1.37
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.
0.51
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%.
5.34
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.
2.93
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.
0.76
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.
0.75
Price movement
52 week high130.2
52 week low115.3
Current bid price-
Current offer price-
Current mid price124
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
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 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
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Eric Holt31/05/2009Eric 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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Ethical Bond A Inc
Initial charge3%
Annual charge0.9%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price107.7
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeR397
Royal London Ethical 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 price124
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWUN
Royal London Ethical Bond M Inc
Initial charge-
Annual charge0.45%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.5
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code13CM
Royal London Ethical 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)0.36%
Total expense ratio (TER)0.35%
Bid price-
Offer price-
Mid price110.1
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGXZ9
Data provided by

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