Aegon Ethical Corporate Bond Class B Acc

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

Performance

Discrete performance - to last month end

31/03/16
to
31/03/17
31/03/17
to
31/03/18
31/03/18
to
31/03/19
31/03/19
to
31/03/20
31/03/20
to
31/03/21
Fund 8.0% 1.0% 3.1% 1.4% 8.5%
Sector 8.9% 1.7% 3.0% 0.8% 9.0%
Rank 58/85 75/93 49/94 28/97 57/99
Quartile 3 4 3 2 3

Annualised performance

Annualised
3 Years to
31/03/21
5 Years to
31/03/21
10 Years to
31/03/21
Fund 4.3% 4.3% 5.2%
Sector 4.2% 4.6% 5.1%
Rank 44/94 57/85 42/65
Quartile 2 3 3

Top 10 Holdings

Stock % Weight
LCR FINANCE PLC 5.1% 07/03/2051 2.84
TRANSPORT FOR LONDON SINK 5% 31/03/2035 EMTN 1.51
SKIPTON BUILDING SOCIETY VAR 02/10/2026 EMTN 1.27
COVENTRY BLDG SOCIETY 1.875% 24/10/2023 EMTN 1.23
HBOS STERLING FIN JERSEY VAR 09/12/2168 1.17
COOPERATIEVE RABOBANK U 5.25% 14/09/2027 EMTN 1.13
NORTHERN POWERGRID YOR 4.375% 05/07/2032 1.13
DIRECT LINE INSURANCE GR 4% 05/06/2032 1.11
BPCE SA 5.25% 16/04/2029 1.10
KFW 5% 09/06/2036 EXCH EMtN 1.08
Total 13.59

Fund Aims

The investment objective is to provide a combination of income and capital growth over any 7 year period.

Fund Manager

Iain Buckle manager for 11 years and 6 months

Photo of Iain Buckle Iain Buckle is an investment manager in the Fixed Income team with responsibility for credit analysis, particularly securitised and structured finance assets. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include the Kames Sterling Corporate Bond Fund, core pooled and segregated mandates and funds included in our ethical bond franchise. As an experienced fund manager Iain is responsible for overseeing the institutional pooled and buy-and-hold portfolios managed across the team. Iain joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University.

Euan McNeil manager for 10 years and 3 months

Photo of Euan McNeil Euan McNeil is an investment manager in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.

Fund Overview

Mid (09/04/2021) 214.23p
Historic yield -
Fund size (30/11/2020) £486.37m
Number of holdings 171
Entry Charge 0.00%
Ongoing Charges 0.49%
Launch date 03/06/2004

Asset Allocation

pie chart
  UK Corporate Bonds 67.75%
  International Bonds 29.82%
  Cash and Equivalents 2.43%
Portfolio data accurate as at: 30/11/20

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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 Corporate Bonds 67.75%
  International Bonds 29.82%
  Cash and Equivalents 2.43%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 97.57% - - -
 
Cash and Equivalents 2.43% - - -

Regional Allocation

pie chart
  UK 67.75%
  Developed Europe - Excl UK 15.59%
  North America 7.55%
  Non-Classified 4.22%
  Australia & New Zealand 2.46%
  Cash and Equivalents 2.43%

Fixed Interest Currencies

pie chart
  Pound Sterling 96.09%
  Cash 2.43%
  US Dollar 1.07%
  Euro 0.40%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 67.75% -
 
United Kingdom - 67.75%
 
Developed Europe - Excl UK 15.59% -
 
France - 3.33%
 
Netherlands - 3.28%
 
Luxembourg - 2.36%
 
Germany - 2.26%
 
Ireland - 1.28%
 
Sweden - 0.91%
 
Denmark - 0.77%
 
Belgium - 0.74%
 
Italy - 0.65%
 
North America 7.55% -
 
United States - 4.13%
 
Canada - 3.42%
 
Non-Classified 4.22% -
 
Australia & New Zealand 2.46% -
 
Australia - 2.46%
 
Cash and Equivalents 2.43% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
17.43%
5Yr - 10Yr Maturity
 
 
28.76%
10Yr - 15Yr Maturity
 
 
19.41%
> 15Yr Maturity
 
 
31.96%
Cash And Equivalents
 
 
2.43%

Fixed Interest Quality Profile

AAA
 
 
3.34%
AA
 
 
8.87%
A
 
 
24.92%
BBB
 
 
40.59%
Sub-Investment Grade
 
 
3.88%
Unknown Quality
 
 
15.97%
Cash and Equivalents
 
 
2.43%

Top 10 Holdings

Stock % Weight Sector Country
1 LCR FINANCE PLC 5.1% 07/03/2051 2.84% Bonds United Kingdom
2 TRANSPORT FOR LONDON SINK 5% 31/03/2035 EMTN 1.51% Bonds United Kingdom
3 SKIPTON BUILDING SOCIETY VAR 02/10/2026 EMTN 1.27% Bonds United Kingdom
4 COVENTRY BLDG SOCIETY 1.875% 24/10/2023 EMTN 1.23% Bonds United Kingdom
5 HBOS STERLING FIN JERSEY VAR 09/12/2168 1.17% Bonds Luxembourg
6 COOPERATIEVE RABOBANK U 5.25% 14/09/2027 EMTN 1.13% Bonds Netherlands
7 NORTHERN POWERGRID YOR 4.375% 05/07/2032 1.13% Bonds United Kingdom
8 DIRECT LINE INSURANCE GR 4% 05/06/2032 1.11% Bonds United Kingdom
9 BPCE SA 5.25% 16/04/2029 1.10% Bonds France
10 KFW 5% 09/06/2036 EXCH EMtN 1.08% Bonds Germany

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 B018K35
Mex Code SESRB
Isin Code GB00B018K352
Citi Code ZH97

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.49%

Aims and Benchmark

Aims The investment objective is to provide a combination of income and capital growth over any 7 year period.
Benchmark Investment Association Sterling Corporate Bond sector
Benchmark Category Comparator
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
Nisa allowable Yes
Sipp allowable Yes

Distribution Details

Income frequency Quarterly
Distribution Type No income
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

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
4.26% -

Fund Administration

Fund Trustee/Depository Citibank
Fund Administrator Citibank
Fund Registrar Northern Trust Global Services Limited
Fund Custodian Citibank

Group Details

Group name Aegon (GB)
Group address 3 Lochside Avenue Edinburgh Park EDINBURGH EH12 9SA
Group telephone 0800 45 44 22
Dealing telephone 0800 169 5186
Email info@kamescapital.com
Homepage www.aegonam.com
Fax number -

Dealing

Minimum Investment £2000000
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 investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.

Risk Analysis

Ratio Value
Alpha 0.35
Beta 0.93
Sharpe 0.14
Standard Deviation 5.58
Info Ratio 0.05

Risk Factors

Risk Factor Yes / No
Charges to Capital No
Emerging Markets No
Concentrated Portfolio No
Smaller Companies No
High Yield Bonds Yes
Sector Specific No
Geared Investments No
Value of Investments Yes
Investments Long Term Yes
Property No
Exchange Rate No
Higher Risk No
Performance Charges No
Derivative Exposure No
Offshore No
Income Eroding Capital Growth No
Umbrella Liabilities No
New Fund No
Solvency of Depository No
Solvency of Bond Issuers Yes
Ethical Restrictions Yes
Liquidity No
Returns Are Not Guaranteed Yes
Inflation Yes
Taxation and Tax Relief Yes

Fund Specific Risks

High Yield Bonds

The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.

Value of Investments

The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term

Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Solvency of Bond Issuers

If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.

Ethical Restrictions

The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.

Returns Are Not Guaranteed

What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation

Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief

Levels of taxation and tax relief are subject to change.

Important Information

The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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 client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s 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.