Fact sheet: Royal London Property

Fund information
Fund name
Royal London Property Inc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund manager
  • Stephen Elliottsince 01/12/2007
Fund objective
The fund seeks to balance capital growth and income from an appropriately diversified portfolio of property assets.
Benchmark
  • AREF/IPD UK Pooled Property Fund Index
Investment style
None
Investment method
Physical
Quick stats
1 Year return
2.9%
1 Year rank in sector
20/53
Sector
UT Property
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.
0.8%
Fund size
£392m (£386m 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.
18
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop35.6%
Schroder Gbl Rel Est Sec Inc23.5%
First State AsianPropSec22%
BlackRock Gbl PrpSecEqTrk20.9%
F&C Gbl Real Est Secs20.2%
...more in UT Property

Performance snapshot

Holdings snapshot

  • International42.9%
    South East UK29%
    Other UK Regions20.3%
    Money Market7.8%
  • Offices - Property27.9%
    Industrial - Property19.9%
    Retail - Property18.2%
    Warehouse - Property15.1%
    Other - Property11.1%
  • Property92.2%
    Money Market7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-1%2.9%28.6%38.5%
Sector-1.5%-0.8%1.5%3.8%20.6%34.3%
Rank within sector-22 / 5632 / 5520 / 5318 / 4521 / 40
Quartile2nd3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.2%7.9%13.8%8.6%1.3%
Sector3%5.4%10.7%4.7%6.7%
Rank within sector21 / 5326 / 5223 / 4712 / 4324 / 40
Quartile2nd2nd2nd2nd3rd
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.
9.89
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.
-0.05
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.
2.5
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%.
2.37
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.
6.45
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.
0.15
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.
0.01
Price movement
52 week high296.8
52 week low288.6
Current bid price289.3
Current offer price310.6
Current mid price-
Region
1International42.9%
2South East UK29%
3Other UK Regions20.3%
4Money Market7.8%
Industry sector
1Offices - Property27.9%
2Industrial - Property19.9%
3Retail - Property18.2%
4Warehouse - Property15.1%
5Other - Property11.1%
6Money Market7.8%
Asset type
1Property92.2%
2Money Market7.8%
Individual holdings
115-18 RATHBONE PLACE LONDON7%
2LUMINAIRE. CONCORDE ROAD MAIDENHEAD6.9%
3CAIRNGORM RETAIL PARK MILTON KEYNES6.4%
441 EASTCHEAP LONDON5.6%
528/32 LEXINGTON STREET LONDON5.5%
6WAITROSE. RAYNES PARK LONDON4.4%
7SPRING RAM RETAIL PARK. BIRSTALL LEEDS3.5%
8COMPASS BUSINESS PARK. CHESSINGTON SOUTH EAST3.4%
9WATERLOO SQUARE SOUTH SHIELDS3.1%
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 balance capital growth and income from an appropriately diversified portfolio of property assets.
Benchmark
  • AREF/IPD UK Pooled Property Fund Index
Investment style
None
Investment method
Physical
Fund manager
NameSinceBiography
Stephen Elliott01/12/2007Stephen Elliott manages the Royal London Property Fund – the first fund in the UK to convert to the new Property Authorised Investment Fund (PAIF) structure. Early in his career, Stephen gained valuable surveying experience at Hindwoods Hunter Payne and Dron & Wright, undertaking landlord, tenant and agency work. In 2000 he joined ISIS Property Asset Management (now F&C Asset Management) as an Asset Manager. In December 2003, he moved to Morley Fund Management, becoming a Fund Manager in the Segregated Funds Team. Stephen joined Property Team in December 2007. Stephen graduated from the University of Greenwich in 1996 with a BSc in Estate Management and completed a Postgraduate Diploma in Property Investment at The College of Estate Management in 2003.
Compliance
IA Recognised, Non UCITS Retail Scheme, Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Property Acc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.71%
Bid price654.1
Offer price702.3
Mid price-
CurrencyGBX
Price updated31/10/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeR148
Royal London Property Inc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.71%
Bid price289.3
Offer price310.6
Mid price-
CurrencyGBX
Price updated31/10/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeR149
Data provided by

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