Fact sheet: Royal London Stg Cr

Fund information
Fund name
Royal London Sterling Credit M Acc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
OEIC
Fund manager
  • Paola Binnssince 31/08/2008
Fund objective
The fund seeks to maximise the level of income over the long term (7 years). The Sterling Credit Fund invests in a broad range of sterling fixed interest assets.
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
44/92
Sector
UT Sterling Corporate Bond
Yield
3.4%
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
£972m (£543m 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.
33
Mid price
124.4
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International99.9%
    UK0.1%
  • Structured Products27.8%
    Financial Services19%
    Utilities13.8%
    Insurance9.7%
    Property6.3%
  • Global Corporate Fixed Interest99.7%
    Global Government Fixed Interest0.2%
    UK Gilts0.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-4.5%2.5%6.3%20.8%-
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector51 / 9749 / 9454 / 9444 / 9218 / 87-
Quartile3rd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.2%0.3%12.5%1.7%-
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector52 / 9226 / 9012 / 8720 / 78-
Quartile3rd2nd1st2nd
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.
0.7
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.
1.04
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.
0.49
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%.
5.55
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.
0.67
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.
1.34
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.
0.99
Price movement
52 week high130.9
52 week low115.2
Current bid price-
Current offer price-
Current mid price124.4
Region
1International99.9%
2UK0.1%
Industry sector
1Structured Products27.8%
2Financial Services19%
3Utilities13.8%
4Insurance9.7%
5Property6.3%
6Real Estate5.1%
7Mortgage & Secured Bonds4.2%
8Telecommunications4.1%
9Consumer Services3.7%
Asset type
1Global Corporate Fixed Interest99.7%
2Global Government Fixed Interest0.2%
3UK Gilts0.1%
Individual holdings
1RMPA SERVICES 5.337% GTD SEC BDS 30/9/38 GBP(VAR)REG`S0.9%
2ANNINGTON FINANCE NO 4 0% BDS 7/12/2022 GBP100000.8%
3CO-OPERATIVE BANK 4.75% GBL CVD BDS 11/11/21 GBP 2011-10.8%
4COMMONWEATH BANK OF AUSTRALIA 3% 20260.8%
5FRESH 1997 8.368% 04/10/580.8%
6PLACES FOR PEOPLE HOMES 5.09% 31/07/20430.8%
7AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000000.7%
8EQUITY RELEASE FUNDING(NO.2) 5.88% MTG BKD NTS 26/5/32 GBP(VAR)`A2`0.7%
9HSBC BANK 5.844% VRN PERP0.7%
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 maximise the level of income over the long term (7 years). The Sterling Credit Fund invests in a broad range of sterling fixed interest assets.
Benchmark
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Paola Binns31/08/2008Paola Binns is a Senior Fund Manager within the Fixed Income team. She joined Royal London in 2007 from Credit Suisse Asset Management and has over 20 years' investment experience.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Sterling Credit M Acc
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)-
Bid price-
Offer price-
Mid price124.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWUP
Royal London Sterling Credit M Grs Inc
Initial charge-
Annual charge0.45%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.2
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJX4G
Royal London Sterling Credit 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)-
Bid price-
Offer price-
Mid price116.4
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code13CL
Royal London Sterling Credit Z Grs Inc
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.37%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.4
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUBK
Royal London Sterling Credit Z Inc
Initial charge-
Annual charge0.3%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price133.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDAZ3
Data provided by

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