Royal London UK Government Bond Class M Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/03/19
to
31/03/20		 31/03/20
to
31/03/21		 31/03/21
to
31/03/22		 31/03/22
to
31/03/23		 31/03/23
to
31/03/24
Fund 9.9% -4.9% -5.3% -14.4% 0.8%
Sector 10.7% -5.9% -5.0% -16.4% 0.2%
Rank 19/28 7/29 11/30 9/32 9/33
Quartile 3 1 2 2 1

Annualised performance

Annualised
3 Years to
31/03/24		 5 Years to
31/03/24		 10 Years to
31/03/24
Fund -6.5% -3.1% 0.7%
Sector -7.3% -3.7% 0.9%
Rank 8/30 7/28 3/20
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
4⅛% Treasury Gilt 2027 19.36
½% Treasury Gilt 2029 12.71
3½% Treasury Gilt 2025 7.81
1¾% Treasury Gilt 2037 6.83
1⅛ Treasury 2039 4.75
1¼ % Treasury Gilt 2041 3.71
1½% Treasury Gilt 2047 3.57
3¾% Treasury Gilt 2027 3.37
1⅝% Treasury Gilt 2054 3.19
⅜% Treasury Gilt 2026 3.12
Total 68.42

Fund Aims

The fund’s investment objective is to achieve a total return over the medium term (3–5 years) by investing at least 80% in UK government bonds, also known as gilts. The fund’s performance target is to outperform, after the deduction of charges, the FTSE Actuaries UK Conventional Gilts (All Stocks) Total Return GBP Index (the "Index") over rolling 5-year periods. For further information on the fund's index, please refer to the Prospectus.

Fund Manager

Craig Inches manager for 15 years

Photo of Craig Inches Craig Inches 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 a successful 11 year career at Scottish Widows Investment Partnership. At SWIP, Craig built up a strong track record across a wide range of fixed interest funds, being appointed Fixed Income Investment Director in 2003. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.

Ben Nicholl manager for 3 years and 3 months

Photo of Ben Nicholl Ben Nicholl is an Assistant Fund Manager, responsible for quantitative bond modelling within RLAM’s Rates and Cash business. Ben focuses on the management of the UK government bond, Cash and Absolute return funds. Prior to the Rates and Cash team Ben worked within RLAM’s Far East Equity and Asset Allocation teams developing a wide range of market knowledge and investment techniques. Ben has a BSc (Hons) in Economics from the University of York and is a CFA Charterholder.

Fund Overview

Mid (29/04/2024) 101.70p
Distribution yield 1.56%
Underlying yield -
Fund size (31/01/2024) £921.42m
Number of holdings 57
Entry Charge 0.00%
Ongoing Charges 0.30%
Launch date 26/11/2012

Asset Allocation

pie chart
  UK Gilts 96.17%
  International Bonds 1.80%
  UK Corporate Bonds 1.63%
  Cash and Equivalents 0.34%
  Other Assets 0.07%
Portfolio data accurate as at: 31/01/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Gilts 96.17%
  International Bonds 1.80%
  UK Corporate Bonds 1.63%
  Cash and Equivalents 0.34%
  Other Assets 0.07%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 99.59% - - -
 
 Cash and Equivalents 0.34% - - -
 
 Non-Classified 0.07% - - -

Regional Allocation

pie chart
  UK 97.79%
  Developed Europe - Excl UK 0.73%
  Non-Classified 0.55%
  Cash and Equivalents 0.34%
  Australia & New Zealand 0.32%
  North America 0.28%

Fixed Interest Currencies

pie chart
  Pound Sterling 99.27%
  Cash 0.34%
  Australian Dollar 0.32%
  Non-Fixed Interest Assets 0.07%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 97.79% -
 
 United Kingdom - 97.79%
 
 Developed Europe - Excl UK 0.73% -
 
 Finland - 0.27%
 
 France - 0.23%
 
 Netherlands - 0.23%
 
 Non-Classified 0.55% -
 
 Cash and Equivalents 0.34% -
 
 Australia & New Zealand 0.32% -
 
 Australia - 0.32%
 
 North America 0.28% -
 
 Canada - 0.28%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
54.68%
5Yr - 10Yr Maturity
 
 
4.34%
10Yr - 15Yr Maturity
 
 
13.95%
> 15Yr Maturity
 
 
26.63%
Cash And Equivalents
 
 
0.34%
Unknown Maturity
 
 
0.07%

Fixed Interest Quality Profile

AAA
 
 
0.55%
AA
 
 
97.12%
Unknown Quality
 
 
1.92%
Cash and Equivalents
 
 
0.34%
Other Asset Types
 
 
0.07%

Top 10 Holdings

Stock % Weight Sector Country
1 4⅛% Treasury Gilt 2027 19.36% Bonds United Kingdom
2 ½% Treasury Gilt 2029 12.71% Bonds United Kingdom
3 3½% Treasury Gilt 2025 7.81% Bonds United Kingdom
4 1¾% Treasury Gilt 2037 6.83% Bonds United Kingdom
5 1⅛ Treasury 2039 4.75% Bonds United Kingdom
6 1¼ % Treasury Gilt 2041 3.71% Bonds United Kingdom
7 1½% Treasury Gilt 2047 3.57% Bonds United Kingdom
8 3¾% Treasury Gilt 2027 3.37% Bonds United Kingdom
9 1⅝% Treasury Gilt 2054 3.19% Bonds United Kingdom
10 ⅜% Treasury Gilt 2026 3.12% Bonds United Kingdom

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code B881TW5
Mex Code RLCBTG
Isin Code GB00B881TW52
Citi Code GWUS

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.30%

Aims and Benchmark

Aims The fund’s investment objective is to achieve a total return over the medium term (3–5 years) by investing at least 80% in UK government bonds, also known as gilts. The fund’s performance target is to outperform, after the deduction of charges, the FTSE Actuaries UK Conventional Gilts (All Stocks) Total Return GBP Index (the "Index") over rolling 5-year periods. For further information on the fund's index, please refer to the Prospectus.
Benchmark FTSE® Actuaries All Stocks Gilt index
Benchmark Category -
IA Sector UK Gilt

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Biannually
Distribution Type Interest
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 May 30 June
01 November 31 December

Ratings

FE Crown Crown Rating of 4

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository HSBC Bank plc
Fund Administrator HSBC Bank plc
Fund Registrar DST Financial Services Europe
Fund Custodian HSBC Bank plc

Group Details

Group name Royal London Unit Trust Managers Limited
Group address 55 Gracechurch Street London EC3V 0UF
Group telephone 020 32725408
Dealing telephone 08456 04 04 04
Email platforms@rlam.co.uk
Homepage www.rlam.co.uk
Fax number -

Dealing

Minimum Investment £100000
Minimum Top Up £1000
Minimum Regular Saving -
Settlement Period: Buy 3 days
Settlement Period: Sell 3 days
Pricing Basis Forward
Dealing Decimals 4

Important Information

Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.