Fact sheet: Royal London Stg ExYdBd

Fund information
Fund name
Royal London Sterling Extra Yield Bond A Inc
Fund manager company
Royal London Asset Mgmt (IRL)
Fund type
OEIC
Fund manager
  • Eric Holtsince 10/04/2003
Accolades
Fund objective
The Fund’s objective is to achieve a high level of income. The Fund seeks to achieve a gross redemption yield (GRY) of 1.25 times the gross redemption yield of the FTSE Actuaries British Government 15 Year index.
Benchmark
  • FTSE Actuaries British Government Over 15 Years Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
7.3%
1 Year rank in sector
2/19
Sector
FO Fixed Int - GBP
Yield
7.2%
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.
0.84%
Fund size
£1,364m (£1,043m 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.
23
Top in this sector
Fund name1 Year
Fidelity Flexible Bond7.6%
Royal London Stg ExYdBd7.3%
RBOS (Jsy) Brewin Dolphin Bond7.1%
Barclays Sterling Bond7.1%
GS Sterling Cr Prtf6.9%
...more in FO Fixed Int - GBP

Performance snapshot

Holdings snapshot

  • UK76.6%
    USA13.3%
    Europe5.6%
    Norway3.5%
    Sweden0.7%
  • Financial Services27.4%
    Structured Products20.4%
    General Industrials18.8%
    Insurance11.9%
    Utilities8.4%
  • UK Fixed Interest76.8%
    Alternative Investment Strategies20.4%
    Property2.4%
    UK Equities0.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-0.7%6%7.3%20.3%65.1%
Sector-1.2%-4.8%3%6.1%17.7%29%
Rank within sector14 / 223 / 221 / 202 / 194 / 201 / 19
Quartile3rd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8%2.4%8.1%11.8%22.6%
Sector7%0.3%10.4%-0.4%6.9%
Rank within sector3 / 192 / 1913 / 191 / 181 / 18
Quartile1st1st3rd1st1st
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.
4.24
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.
0.48
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.
0.91
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%.
3.95
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.
4.05
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.
0.36
Price movement
52 week high1.15
52 week low1.05
Current bid price-
Current offer price-
Current mid price1.11
Region
1UK76.6%
2USA13.3%
3Europe5.6%
4Norway3.5%
5Sweden0.7%
6Canada0.3%
Industry sector
1Financial Services27.4%
2Structured Products20.4%
3General Industrials18.8%
4Insurance11.9%
5Utilities8.4%
6Consumer Services6.3%
7Real Estate2.4%
8Telecommunications2.4%
9Consumer Goods1.6%
Asset type
1UK Fixed Interest76.8%
2Alternative Investment Strategies20.4%
3Property2.4%
4UK Equities0.4%
Individual holdings
1ENTERPRISE INNS 6.375% SEC BDS 26/9/2031 GBP10002.3%
2INVESTEC BANK 9.625% 20221.9%
3PREMIERTEL CLS`B`6.175% BDS 8/5/32 GBP10001.8%
4AMEDEO AIR FOUR PLUS 8.25%1.6%
5ANNINGTON FINANCE NO 5 13% BDS 15/01/23 GBP1000001.6%
6SANTANDER 10.0625% PERPETUAL 1.6%
7ELECTRICITE DE FRANCE 6% 2026 PERP1.5%
8FINANCE FOR RESIDENT SOCIAL HOUSING SER`1`CL`A2`AS BKD8.569%NTS 2058 144A1.5%
9BARCLAYS BANK PLC 14% 2019 PERP1.4%
Management
Fund manager group
Royal London Asset Mgmt (IRL)
Fund manager company
Royal London Asset Mgmt (IRL)
Fund type
OEIC
Fund objective
The Fund’s objective is to achieve a high level of income. The Fund seeks to achieve a gross redemption yield (GRY) of 1.25 times the gross redemption yield of the FTSE Actuaries British Government 15 Year index.
Benchmark
  • FTSE Actuaries British Government Over 15 Years Index
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Eric Holt10/04/2003Eric Holt has extensive knowledge of UK investment grade and high yield corporate bonds, gained over a career spanning more than 30 years. He has overall responsibility for RLAM’s credit research process, as well as managing the Sterling Extra Yield Bond Fund and the Ethical Bond Fund. He joined RLAM in 1999 following Royal London’s acquisition of Refuge Assurance’s investment team, where he had worked for the previous 20 years. Eric is a graduate of Nottingham University with a degree in mathematics and is an associate of the Institute of Actuaries.
Compliance
Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Royal London Sterling Extra Yield Bond A Inc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price1.1138
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeRP65
Royal London Sterling Extra Yield Bond B Inc
Initial charge4%
Annual charge1.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price1.0954
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRP66
Royal London Sterling Extra Yield Bond Y Inc Ltd Issuance
Initial charge-
Annual charge0.32%
Min single investment£150,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9771
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK41Z
Royal London Sterling Extra Yield Bond Z Inc
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9935
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJYCT
Data provided by

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