Fact sheet: Royal London Idx Linked

Fund information
Fund name
Royal London Index Linked M Acc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund managers
  • Paul Raynersince 01/10/2005
  • Craig Inchessince 01/04/2009
Fund objective
The fund seeks to achieve a combination of income and capital growth over the medium (5 years) to long (7years) term. The Index Linked Fund invests in a broad range of UK government index-linked bonds to offer insulation against moves in inflation.
Benchmark
  • FTSE® A Index Linked Gilt All Stocks
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
23.8%
1 Year rank in sector
16/17
Sector
UT UK Index - Linked Gilts
Yield
-
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.
0.31%
Fund size
£401m (£359m 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.
87
Mid price
152.2
Top in this sector
Fund name1 Year
Baillie Gifford ActILGilt+28.1%
Insight UK Index Linked Bond28%
Blackrock Inst Bd Idx Lkd27.6%
BlackRock Idx Lnkd Gilt Trckr27.4%
Fidelity Inst UK Idx Lkd Bd27.4%
...more in UT UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%4.8%0.9%23.8%42.4%53.6%
Sector1.4%4.5%0.2%24.4%42.1%51.5%
Rank within sector4 / 185 / 181 / 1816 / 1715 / 169 / 14
Quartile1st2nd1st4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.1%22.8%-0.7%18.6%-
Sector2.5%23.9%-1.2%18%-0.3%
Rank within sector1 / 1816 / 174 / 1712 / 1611 / 16
Quartile1st4th1st3rd3rd
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.
0.58
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.
0.92
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.
0.86
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%.
10.96
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.
1.06
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.
-0.31
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.
1
Price movement
52 week high158.6
52 week low122.9
Current bid price-
Current offer price-
Current mid price152.2
Region
1Not Specified91.6%
2International8.4%
Industry sector
1AA97.58%
2AAA2.42%
Asset type
1Global Index Linked100%
Individual holdings
1TREASURY 0.75% IDX LKD GILT 22/11/47 GBP6.54%
2UK TRSY 2.5% IL 16/04/206.52%
3TREASURY 0.125% GILT 22/03/68 GBP0.016.41%
4UK GILT I/L 1.25% 22/11/2055 3MOCPN RATE6.36%
5TREASURY 1.125% IDX GILT 22/11/37 GBP5.78%
6TREASURY 0.125% IDX LKD GILT 22/11/36 GBP0.014.76%
7UK GILT INDEX-LINKED 0.125% 22/03/20294.71%
8TREASURY 0.125% IDX LKD GILT 22/03/46 GBP4.49%
9UK IL TREASURY GILT 0.125% 22/03/2026 SERIES 3MO4.26%
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 (7years) term. The Index Linked Fund invests in a broad range of UK government index-linked bonds to offer insulation against moves in inflation.
Benchmark
  • FTSE® A Index Linked Gilt All Stocks
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Rayner01/10/2005Paul Rayner is Head of Government Bonds at RLAM and works closely with Government Bond Fund Manager Craig Inches. He is supported by a skilled and experienced team of specialist investors across all disciplines employed within the fund. Paul joined RLAM in June 2005 from SG Asset Management where he was Head of UK Bonds. Paul has over 25 years experience in managing UK and global government bonds and is a graduate in Economics from the University of Kent.
Craig Inches01/04/2009Craig joined RLAM in January 2009 as a fund manager with the fixed interest team. He is responsible for the management of government bond portfolios including index-linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP) where he was Fixed Income Investment Director. At SWIP, Craig built up a strong track record across a wide range of fixed income funds. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Index Linked A Inc
Initial charge4%
Annual charge0.4%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.46%
Total expense ratio (TER)0.42%
Bid price-
Offer price-
Mid price267.3
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRI11
Royal London Index Linked M Acc
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price152.2
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGXZP
Royal London Index Linked M Inc
Initial charge-
Annual charge0.25%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.31%
Total expense ratio (TER)0.27%
Bid price-
Offer price-
Mid price267.4
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIST0
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