Fact sheet: Royal London Gbl HiYld Bnd

Fund information
Fund name
Royal London Global High Yield Bond M Inc
Fund manager company
Royal London Asset Mgmt (IRL)
Fund type
OEIC
Fund managers
  • Stephen Tapleysince 15/02/2013
  • Azhar Hussainsince 15/02/2013
Fund objective
To achieve a combination of capital growth and income. The fund seeks to achieve its investment objective by outperforming its benchmark, the BoAML BB-B Global Non-Financial High Yield Constrained Index, 100% Hedged to Sterling (the “Benchmark”) by 1% per annum over rolling three year periods.
Benchmark
  • BoAML BB-B Global Non-Financial High Yield Constrained
Investment style
Active,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.2%
1 Year rank in sector
16/77
Sector
FO Fixed Int - Global High Yield
Yield
5.6%
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.
0.85%
Fund size
£259m (£224m 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.
30
Top in this sector
Fund name1 Year
Franklin GblCorpHiYd28.7%
Pioneer SICV-Gbl Hi Yld26.5%
HSBC GIF Gbl AsBk Hg Yld Bd21.3%
Aberdeen Gbl Select HgYdBd18.3%
BlueBay Em Mkt HY Crp14.1%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • International100%
  • Consumer Services31.2%
    Telecommunications27.6%
    General Industrials18.1%
    Consumer Goods16.2%
    Financial Services4.3%
  • Global Corporate Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%2.9%5%8.2%15.8%-
Sector0%3.8%6.9%6.6%10.6%34.5%
Rank within sector77 / 8358 / 8261 / 8116 / 7714 / 59-
Quartile4th3rd4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8.1%3.3%0.2%--
Sector9.2%-2.5%1.4%5.2%15.5%
Rank within sector52 / 805 / 7049 / 63--
Quartile3rd1st4th
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.
2.06
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.
0.51
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%.
4.92
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.
1.75
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.
1.08
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.
0.88
Price movement
52 week high0.99
52 week low0.9
Current bid price-
Current offer price-
Current mid price0.98
Region
1International100%
Industry sector
1Consumer Services31.2%
2Telecommunications27.6%
3General Industrials18.1%
4Consumer Goods16.2%
5Financial Services4.3%
6Real Estate2.6%
Asset type
1Global Corporate Fixed Interest100%
Individual holdings
1BEVERAGE PACKAGING HLDGS(LUX)II SA 5.625% NTS 15/12/16 USD1000 144A2%
2FIAT CHRYSLER AUTOMOBILES NV 5.25% BDS 15/04/23 USD10001.7%
3SEALED AIR CORP 4.5% BDS 15/09/23 EUR1000001.7%
4UNITYMEDIA KABELBW GMBH 3.75% BDS 15/01/27 EUR100000 144A1.7%
5CINEMARK USA INC 4.875% BDS 01/06/23 USD1000REG S1.6%
6IRON MOUNTAIN INC 5.75% 15/08/241.6%
7LGE HOLDCO VI BV 7.125% BDS 15/05/24 EUR1000001.6%
8OUTDOOR MEDIA CAPITAL 5.875% 15/03/20251.6%
9RITE AID CORP 6.125% BDS 01/04/23 USD10001.6%
Management
Fund manager group
Royal London Asset Mgmt (IRL)
Fund manager company
Royal London Asset Mgmt (IRL)
Fund type
OEIC
Fund objective
To achieve a combination of capital growth and income. The fund seeks to achieve its investment objective by outperforming its benchmark, the BoAML BB-B Global Non-Financial High Yield Constrained Index, 100% Hedged to Sterling (the “Benchmark”) by 1% per annum over rolling three year periods.
Benchmark
  • BoAML BB-B Global Non-Financial High Yield Constrained
Investment style
Active,High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stephen Tapley15/02/2013Stephen Tapley joined RLAM in 2012 as an assistant Fund manager reporting to Azhar Hussain. He joined from Scottish Widows Investment Partnership (SWIP), where, for the prior two years, he was a high yield analyst focusing on the European market and covering the chemicals, paper & packaging, healthcare and heavy industrials sectors. His research role included credit and liquidity modelling, and idea generation. Prior to SWIP he spent three years as an investment analyst at Gulf International Bank UK, where he focused on high yield credit and specialised on event-driven idea generation for a range of long only and hedge Fund strategies. A CFA Charterholder, Stephen holds a BEng in Mechatronic Engineering and an MSc in Financial & Industrial Mathematics, both from Dublin City University.
Azhar Hussain15/02/2013Azhar joined RLAM in May 2012 from Insight Investment Management, where he was Head of High Yield and Leveraged Loans, and the manager of a number of high yield credit funds. Prior to Insight, he worked at Gulf International Bank (GIB) in London, specialising in global high yield. He joined GIB in 2001 as an analyst, before assuming his first portfolio management role two years later and subsequently establishing a high yield team. He began his career at Deloitte & Touche in 1996, where he qualified as a Chartered Accountant. Azhar has a BA in Economics and Law from the University of London (School of Oriental & African Studies).
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Royal London Global High Yield Bond A Inc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9705
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7SG
Royal London Global High Yield Bond M Inc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9758
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7SH
Royal London Global High Yield Bond Z Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9808
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI7SJ
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