The fund’s investment objective is to achieve a total return over the medium term (3-5 years), by investing at least 80% in sterlingdenominated corporate bonds. The fund's performance target is to outperform, after the deduction of charges, the iBoxx Sterling Non-Gilt Total Return GBP Index (the "Index") over a rolling 5-year period. For further information on the fund's index, please refer to the Prospectus.
Fund Manager
Shalin Shahmanager
for
6 years
and 7 months
Shalin Shah joined the Fixed Income team in 2008. Prior to becoming a credit Fund Manager Shalin was involved in a variety of areas including LDI (Liability Driven Investment) product development and risk management. Before joining RLAM, Shalin worked at PricewaterhouseCoopers LLP where he was involved in advising clients on a variety of investment solutions, including LDI and strategic asset allocation. Shalin holds a BSc in MORSE (Mathematics, Operational Research, Statistics and Economics) from the University of Warwick and is a qualified actuary.
Matt Franklinmanager
for
2 years
and 3 months
Matt is responsible for the management of a variety of sterling corporate bond portfolios, as co-manager of Royal London Sustainable Managed Income, Sustainable Managed Growth, Corporate Bond Monthly Income and Corporate Bond, as well as several segregated portfolios. He joined RLAM’s Sterling Credit team in 2014 as a credit analyst, building a deep understanding of both unsecured corporate bonds and asset backed securities across a variety of sectors, as well as playing a key role in the development of the team’s approach to ESG integration. Matt has a degree in Economics from Durham University, is a CFA Charterholder, and a Certified Financial Risk Manager (FRM).
Fund Overview
Mid (29/04/2024)
105.40p
Distribution yield
5.32%
Underlying yield
-
Fund size (31/01/2024)
£1287.95m
Number of holdings
344
Entry Charge
0.00%
Ongoing Charges
0.56%
Launch date
01/05/2012
Asset Allocation
UK Corporate Bonds
62.69%
International Bonds
21.56%
UK Equities
1.82%
Cash and Equivalents
-0.15%
Other Assets
14.08%
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
UK Corporate Bonds
62.69%
International Bonds
21.56%
UK Equities
1.82%
Cash and Equivalents
-0.15%
Other Assets
14.08%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
85.58%
-
-
-
Non-Classified
14.57%
-
-
-
Cash and Equivalents
-0.15%
-
-
-
Regional Allocation
UK
64.51%
Non-Classified
18.14%
Developed Europe - Excl UK
14.25%
North America
2.22%
Australia & New Zealand
1.02%
Cash and Equivalents
-0.15%
Fixed Interest Currencies
Pound Sterling
73.77%
Non-Fixed Interest Assets
15.90%
US Dollar
5.49%
Euro
4.99%
Cash
-0.15%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
64.51%
-
United Kingdom
-
64.51%
Non-Classified
18.14%
-
Developed Europe - Excl UK
14.25%
-
France
-
6.24%
Switzerland
-
1.93%
Ireland
-
1.47%
Sweden
-
1.47%
Luxembourg
-
1.17%
Germany
-
0.99%
Netherlands
-
0.81%
Finland
-
0.10%
Denmark
-
0.08%
North America
2.22%
-
United States
-
2.22%
Australia & New Zealand
1.02%
-
Australia
-
1.02%
Cash and Equivalents
-0.15%
-
Fixed Interest Maturity Profile
< 5Yr Maturity
11.73%
5Yr - 10Yr Maturity
20.14%
10Yr - 15Yr Maturity
10.31%
> 15Yr Maturity
42.08%
Cash And Equivalents
-0.15%
Unknown Maturity
14.08%
Other Asset Types
1.82%
Fixed Interest Quality Profile
AAA
1.94%
AA
3.48%
A
17.71%
BBB
31.20%
Sub-Investment Grade
7.49%
Unknown Quality
22.43%
Cash and Equivalents
-0.15%
Other Asset Types
15.90%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
GBP FWD FX CONTRACT 05 APR 2024
10.38%
Non-Classified
Non-Classified
2
ICF LONG GILT FUTURE Mar24
9.25%
Non-Classified
Non-Classified
3
HSBC Bank Fund 5.844% VRN Perp
2.08%
Bonds
United Kingdom
4
Legal And General Group 5.5% VRN 27/06/2064
1.90%
Bonds
United Kingdom
5
HSBC Holdings PLC 8.201% VRN 16/11/2034
1.83%
Non-Classified
Non-Classified
6
M&G Plc 5.7% VRN 19/12/2063
1.59%
Bonds
United Kingdom
7
Aviva 6.875% VRN 20/05/2058
1.55%
Bonds
United Kingdom
8
Assicurazioni Generali 6.269% Perp
1.40%
Bonds
Non-Classified
9
FUTURES LIABILITY
1.36%
Non-Classified
Non-Classified
10
Barclays Bank PLC 6.278% VRN Perp
1.32%
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
B6XZQT4
Mex Code
RLCORP
Isin Code
GB00B6XZQT43
Citi Code
13CO
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.56%
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 sterlingdenominated corporate bonds. The fund's performance target is to outperform, after the deduction of charges, the iBoxx Sterling Non-Gilt Total Return GBP Index (the "Index") over a rolling 5-year period. For further information on the fund's index, please refer to the Prospectus.
Benchmark
iBoxx Sterling Non Gilt All Maturities Index
Benchmark Category
-
IA Sector
£ Corporate Bond
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
Quarterly
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 February
31 March
01 May
30 June
01 August
30 September
01 November
31 December
Ratings
FE Crown
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.