Fact sheet: Royal London Intl Gvt Bd

Fund information
Fund name
Royal London International Government Bond M Inc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund managers
  • Paul Raynersince 31/08/2014
  • Craig Inchessince 31/01/2016
Fund objective
The Fund will seek to achieve a combination of income and capital growth over the medium (5 years) to longer (7 years) term.
Benchmark
  • JP Morgan Traded World ex-UK Gov't Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.5%
1 Year rank in sector
55/67
Sector
UT Global Bonds
Yield
0.5%
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.
0.5%
Fund size
£223m (£141m 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.
20
Mid price
109.5
Top in this sector
Fund name1 Year
M&G Global gvt bnd28.7%
Aberdeen World Gov Bd24%
M&G Global Macro Bond23.7%
Threadneedle EurpHdBd22.9%
BlackRock OseaCorBdTrk22.9%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • USA52.1%
    Japan30.8%
    France4.8%
    Germany4.1%
    Italy2.4%
  • Government Bonds92.9%
    Government Index Linked7.1%
  • US Fixed Interest52.1%
    Japanese Fixed Interest30.8%
    French Fixed Interest4.8%
    German Fixed Interest4.1%
    Italian Fixed Interest2.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-3%-1.9%2.5%10.1%15.1%
Sector-2.8%-1.5%5.2%11.5%13.7%19.4%
Rank within sector38 / 7055 / 6966 / 6955 / 6737 / 5738 / 47
Quartile3rd4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund2.6%1.3%5.9%-0.1%3.8%
Sector11.4%-1.3%3.8%-2%6.1%
Rank within sector56 / 6715 / 6123 / 5826 / 5536 / 47
Quartile4th1st2nd2nd4th
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.
1.35
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.
0.3
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
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%.
2.82
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.
4.78
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.
-0.57
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.
0.47
Price movement
52 week high114.7
52 week low107.8
Current bid price-
Current offer price-
Current mid price109.5
Region
1USA52.1%
2Japan30.8%
3France4.8%
4Germany4.1%
5Italy2.4%
6Spain1.9%
7Norway1.3%
8Australia1.1%
9Belgium0.5%
Industry sector
1Government Bonds92.9%
2Government Index Linked7.1%
Asset type
1US Fixed Interest52.1%
2Japanese Fixed Interest30.8%
3French Fixed Interest4.8%
4German Fixed Interest4.1%
5Italian Fixed Interest2.4%
6Spanish Fixed Interest1.9%
7Norwegian Fixed Interest1.3%
8Australian Fixed Interest1.1%
9Belgian Fixed Interest0.5%
Individual holdings
1US TREASURY 1.375% 31/12/201814.4%
2JAPAN(GOVERNMENT OF) 1% BDS 20/09/20 JPY50000 SRS 3107.2%
3JAPAN(GOVERNMENT OF) 1.5% BDS 20/12/17 JPY50000 `289`6.7%
4UNITED STATES OF AMER TREAS NOTES 0.5% BDS 30/04/17 USD1005.9%
5US TREASURY NOTE 1.25% 31/10/20195.9%
6UNITED STATES OF AMER TREAS NOTES 0.625% TB 30/06/18 USD1004.6%
7US TREASURY NOTE 4.375% 15/05/20414%
8JAPAN(GOVERNMENT OF) 1.7% BDS 20/12/32 JPY100003.9%
9UNITED STATES OF AMER TREAS NOTES 2.5% TB 15/05/24 USD1003%
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 will seek to achieve a combination of income and capital growth over the medium (5 years) to longer (7 years) term.
Benchmark
  • JP Morgan Traded World ex-UK Gov't Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Rayner31/08/2014Paul 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 Inches31/01/2016Craig 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 International Government Bond A
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GDP
Royal London International Government 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)0.51%
Bid price-
Offer price-
Mid price109.5
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GDQ
Data provided by

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