Royal London Sustainable Diversified Trust Class C Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/07/20 to 31/07/21 |
31/07/21 to 31/07/22 |
31/07/22 to 31/07/23 |
31/07/23 to 31/07/24 |
31/07/24 to 31/07/25 |
|
|---|---|---|---|---|---|
| Fund | 13.4% | -7.3% | 1.2% | 11.8% | 6.5% |
| Sector | 12.9% | -5.2% | 0.0% | 8.9% | 6.7% |
| Rank | 70/152 | 132/165 | 46/169 | 16/184 | 105/191 |
| Quartile | 2 | 4 | 2 | 1 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/07/25 |
5 Years to 31/07/25 |
10 Years to 31/07/25 |
||
| Fund | 6.4% | 4.8% | 7.5% | |
| Sector | 5.2% | 4.5% | 4.0% | |
| Rank | 35/169 | 70/152 | 2/109 | |
| Quartile | 1 | 2 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| STANDARD CHARTERED | 1.96 |
| MICROSOFT CORPORATION | 1.94 |
| BROADCOM | 1.88 |
| SCHNEIDER ELECTRIC SE | 1.86 |
| CORE & MAIN INC | 1.85 |
| WABTEC CORP | 1.81 |
| RELX | 1.76 |
| LINDE PUBLIC LIMITED COMPANY | 1.69 |
| PRUDENTIAL | 1.68 |
| TESCO | 1.68 |
| Total | 18.10 |
Fund Aims
The fund’s investment objective is to achieve capital growth over the medium term (3-5 years) by investing in a diverse range of asset classes, primarily in the UK that are deemed to make a positive contribution to society. Investments in the fund will adhere to the Manager’s ethical and sustainable investment policy.
Fund Manager
Since joining RLAM in 2014, Sebastien has worked on the European funds initially as an Equity Analyst and as Assistant Fund Manager since April 2017. Before joining RLAM, he worked in Paris as an Equity analyst at Sycomore Asset Management and prior to that was an Equity Analyst at Comgest. Sebastien holds a Bachelor in Economics from the University of Savoy, a Master in Management from the Toulouse Business School in France and is a CFA Charterholder.
George joined Royal London Asset Management in February 2020 as a fund manager on the Sustainable Investment team and is co-managing the Global Sustainable Equity Fund alongside Mike. Prior to this, George worked as an investment manager on the Global Sustainable Equity Team at Janus Henderson having joined Janus Henderson in 2010 as a graduate. George is a CFA Charterholder and has a BSc Economics and Finance from the University of Southampton.
Mike is Head of Equities, Fund Manager of the Sustainable Leaders Trust and also the recently launched Sustainable World Trust. He has fulfilled his current role since 2008 and has managed the Sustainable Leaders since November 2003. The Sustainable Leaders Trust holds an OBSR A rating and Morningstar Bronze rating and was the first ethical fund to top the UK All Companies sector for the 12 months ending 31/01/2007. Prior to this, Mike worked as deputy fund manager on the Co-operative Insurance Society employee pension fund for 2 years and an investment analyst for 2 years covering the utility, support services and media sectors. Mike originally trained and qualified as a Chartered Accountant with Ernst & Young in Manchester.
Fund Overview
| Mid (07/08/2025) | 260.40p |
| Historic yield | 1.60% |
| Fund size (30/06/2025) | £3475.50m |
| Number of holdings | 305 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.77% |
| Launch date | 04/12/2012 |
Asset Allocation
| International Equities | 37.98% | |
| UK Corporate Bonds | 31.88% | |
| UK Equities | 22.05% | |
| International Bonds | 4.99% | |
| Cash and Equivalents | 2.01% | |
| UK Gilts | 0.86% | |
| Other Assets | 0.23% |
Commentary
For global equity markets, August proved to be a positive month as share prices continued to recover from the significant falls experienced in the first quarter of this year when coronavirus was identified and economies locked down. Leading the way has been the US, where the S&P 500 rose by 7% and is now up year-to-date. In contrast, the UK, despite a 2.4% rise in the FTSE All-Share Index, still remains down double digits and has been held back by the composition of the index, with notably large weightings of sectors such as banks and oils which have uncertain outlooks. In the UK, the best performing sector was technology, reflecting a global trend, and the worst utilities reflecting weakness in fixed income markets. The trust underperformed in August. Adobe and Intertek were two holdings that performed well in the month. Adobe, the global leader in digital creative tools benefitted in the month from the shift to digital tools being accelerated by the pandemic. Intertek, which offers certification, testing and inspection, reported results in August. It seems as though supply chains are becoming more complex due to various factors, such as trade wars and sustainability, meaning that the long term prospects and opportunity for the company are greater. Philips, a leading provider of diagnostic imaging, patient monitoring and health informatics technology was the key detractor. The shares declined after the US Department of Health announced it would be reducing the number of ventilators it had previously agreed to procure from Philips due to lower than previously expected demand from US hospitals. While it is a positive that US hospitals are coping better than originally feared, the lower order size will negatively impact Philips’ growth for the year. During the month, we added to positions in Unilever and Thermo Fisher. Unilever too, whilst already being a leader in sustainability, has been recently announcing new and impressive initiatives around this. Thermo Fisher, which provides broad products and services to the life sciences industry saw some share price weakness in the month, after a competitor launched a new COVID-19 test. The trust took advantage of this, believing that the outlook for the company is as strong as ever.
This is not a recommendation or solicitation to buy or sell any particular security. The views and opinions expressed herein are those of the manager at the time and are subject to change without notice.
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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 37.98% | |
| UK Corporate Bonds | 31.88% | |
| UK Equities | 22.05% | |
| International Bonds | 4.99% | |
| Cash and Equivalents | 2.01% | |
| UK Gilts | 0.86% | |
| Other Assets | 0.23% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 37.73% | - | - | - | |
| Industrials | 14.71% | - | - | - | |
| Industrial Goods & Services | - | 14.52% | - | - | |
| Industrial Support Services | - | - | 9.02% | - | |
| Industrial Suppliers | - | - | - | 3.81% | |
| Professional Business Support Services | - | - | - | 2.73% | |
| Transaction Processing Services | - | - | - | 2.47% | |
| Industrial Transportation | - | - | 2.73% | - | |
| Railroad Equipment | - | - | - | 1.81% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.92% | |
| Electronic & Electrical Equipment | - | - | 1.86% | - | |
| Electrical Components | - | - | - | 1.86% | |
| Industrial Engineering | - | - | 0.92% | - | |
| Machinery: Agricultural | - | - | - | 0.92% | |
| Construction & Materials | - | 0.19% | - | - | |
| Construction & Materials | - | - | 0.19% | - | |
| Building: Climate Control | - | - | - | 0.19% | |
| Technology | 13.07% | - | - | - | |
| Technology | - | 13.07% | - | - | |
| Software & Computer Services | - | - | 8.35% | - | |
| Software | - | - | - | 5.65% | |
| Computer Services | - | - | - | 1.76% | |
| Consumer Digital Services | - | - | - | 0.94% | |
| Technology Hardware & Equipment | - | - | 4.72% | - | |
| Semiconductors | - | - | - | 3.37% | |
| Production Technology Equipment | - | - | - | 1.35% | |
| Financials | 12.81% | - | - | - | |
| Banks | - | 7.09% | - | - | |
| Banks | - | - | 7.09% | - | |
| Banks | - | - | - | 7.09% | |
| Insurance | - | 3.17% | - | - | |
| Life Insurance | - | - | 1.68% | - | |
| Life Insurance | - | - | - | 1.68% | |
| Non-life Insurance | - | - | 1.49% | - | |
| Property & Casualty Insurance | - | - | - | 1.49% | |
| Financial Services | - | 2.55% | - | - | |
| Finance & Credit Services | - | - | 2.55% | - | |
| Financial Data & Systems | - | - | - | 1.57% | |
| Consumer Lending | - | - | - | 0.98% | |
| Health Care | 8.20% | - | - | - | |
| Health Care | - | 8.20% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.91% | - | |
| Pharmaceuticals | - | - | - | 3.91% | |
| Medical Equipment & Services | - | - | 2.85% | - | |
| Medical Equipment | - | - | - | 2.85% | |
| Health Care Providers | - | - | 1.43% | - | |
| Health Care Facilities | - | - | - | 1.43% | |
| Consumer Discretionary | 5.53% | - | - | - | |
| Consumer Products & Services | - | 4.20% | - | - | |
| Consumer Services | - | - | 2.87% | - | |
| Vending & Catering Service | - | - | - | 1.50% | |
| Consumer Services: Misc. | - | - | - | 1.37% | |
| Leisure Goods | - | - | 0.69% | - | |
| Recreational Products | - | - | - | 0.69% | |
| Personal Goods | - | - | 0.64% | - | |
| Cosmetics | - | - | - | 0.64% | |
| Retail | - | 1.32% | - | - | |
| Retailers | - | - | 1.32% | - | |
| Diversified Retailers | - | - | - | 1.32% | |
| Basic Materials | 2.99% | - | - | - | |
| Chemicals | - | 2.99% | - | - | |
| Chemicals | - | - | 2.99% | - | |
| Chemicals: Diversified | - | - | - | 1.69% | |
| Specialty Chemicals | - | - | - | 1.30% | |
| Cash and Equivalents | 2.01% | - | - | - | |
| Consumer Staples | 1.68% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.68% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.68% | - | |
| Food Retailers & Wholesalers | - | - | - | 1.68% | |
| Utilities | 1.05% | - | - | - | |
| Utilities | - | 1.05% | - | - | |
| Electricity | - | - | 1.05% | - | |
| Conventional Electricity | - | - | - | 1.05% | |
| Non-Classified | 0.23% | - | - | - | |
Regional Allocation
| UK | 54.80% | |
| North America | 25.85% | |
| Developed Europe - Excl UK | 12.41% | |
| Emerging Asia | 2.07% | |
| Cash and Equivalents | 2.01% | |
| Japan | 1.80% | |
| Non-Classified | 0.76% | |
| Australia & New Zealand | 0.30% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 60.26% | |
| Pound Sterling | 37.09% | |
| Cash | 2.01% | |
| Euro | 0.40% | |
| US Dollar | 0.23% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 54.80% | - | |
United Kingdom
|
- | 54.80% | |
| North America | 25.85% | - | |
United States
|
- | 25.85% | |
| Developed Europe - Excl UK | 12.41% | - | |
France
|
- | 4.08% | |
Ireland
|
- | 3.46% | |
Netherlands
|
- | 2.74% | |
Spain
|
- | 1.01% | |
Sweden
|
- | 0.35% | |
Italy
|
- | 0.26% | |
Denmark
|
- | 0.21% | |
Finland
|
- | 0.19% | |
Germany
|
- | 0.11% | |
| Emerging Asia | 2.07% | - | |
India
|
- | 1.31% | |
Taiwan
|
- | 0.76% | |
| Cash and Equivalents | 2.01% | - | |
| Japan | 1.80% | - | |
Japan
|
- | 1.80% | |
| Non-Classified | 0.76% | - | |
| Australia & New Zealand | 0.30% | - | |
Australia
|
- | 0.30% | |
Breakdown By Market Cap (%)
| Mega |
|
35.00% |
| Large |
|
14.46% |
| Medium |
|
2.87% |
| Non-Classified |
|
7.94% |
| Bonds |
|
37.73% |
| Cash |
|
2.01% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
8.02% |
| 5Yr - 10Yr Maturity |
|
11.24% |
| 10Yr - 15Yr Maturity |
|
5.20% |
| > 15Yr Maturity |
|
13.26% |
| Cash And Equivalents |
|
2.01% |
| Unknown Maturity |
|
0.23% |
| Other Asset Types |
|
60.04% |
Fixed Interest Quality Profile
| AAA |
|
0.32% |
| AA |
|
2.47% |
| A |
|
8.94% |
| BBB |
|
13.97% |
| Sub-Investment Grade |
|
1.05% |
| Unknown Quality |
|
10.97% |
| Cash and Equivalents |
|
2.01% |
| Other Asset Types |
|
60.26% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | STANDARD CHARTERED | 1.96% | Banks | United Kingdom |
| 2 | MICROSOFT CORPORATION | 1.94% | Software & Computer Services | United States |
| 3 | BROADCOM | 1.88% | Technology Hardware & Equipment | United States |
| 4 | SCHNEIDER ELECTRIC SE | 1.86% | Electronic & Electrical Equipment | France |
| 5 | CORE & MAIN INC | 1.85% | Industrial Support Services | United States |
| 6 | WABTEC CORP | 1.81% | Industrial Transportation | United States |
| 7 | RELX | 1.76% | Software & Computer Services | United Kingdom |
| 8 | LINDE PUBLIC LIMITED COMPANY | 1.69% | Chemicals | Ireland |
| 9 | PRUDENTIAL | 1.68% | Life Insurance | United Kingdom |
| 10 | TESCO | 1.68% | Personal Care, Drug & Grocery Stores | 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 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 | B79LTQ1 |
| Mex Code | KCLSDI |
| Isin Code | GB00B79LTQ12 |
| Citi Code | GVWD |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.77% |
Aims and Benchmark
| Aims | The fund’s investment objective is to achieve capital growth over the medium term (3-5 years) by investing in a diverse range of asset classes, primarily in the UK that are deemed to make a positive contribution to society. Investments in the fund will adhere to the Manager’s ethical and sustainable investment policy. |
| Benchmark | IA Mixed Investment 20-60% Shares |
| Benchmark Category | - |
| IA Sector | Mixed Investment 20-60% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| 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 | Dividend |
| 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 | Capita Financial Administrators Ltd |
| Fund Registrar | Capita Financial Administrators Ltd |
| 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 |
| platforms@rlam.co.uk | |
| Homepage | www.rlam.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £500 |
| Minimum Regular Saving | £50 |
| 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 | -0.73 |
| Beta | 1.41 |
| Sharpe | 0.32 |
| Standard Deviation | 9.19 |
| Info Ratio | 0.30 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| 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
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.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.