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Royal London Ethical Bond Z Inc

ISIN: GB00BJ4KSZ90 | MEX: RLYTB | CITI: GXZ9

  • Buy 99.54 GBX

  • Sell 99.54 GBX

  • Price Change -0.02010%

Income

Past Performance

  • 20th Apr 2019 to 20th Apr 20204.98%
  • 20th Apr 2020 to 20th Apr 20217.21%
  • 20th Apr 2021 to 20th Apr 2022-6.16%
  • 20th Apr 2022 to 20th Apr 2023-8.63%
  • 20th Apr 2023 to 20th Apr 20247.62%
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Objectives and Approach

The Fund’s investment objective is to achieve a total return over the medium term, which should be considered to be a period of 3-5 years, by investing predominantly in sterling-denominated corporate bonds, which meet predetermined ethical criteria. The Fund's performance target is to outperform, after the deduction of charges, the Markit iBoxx Sterling Non-Gilt Total Return All Maturities GBP Index (the "Index") over rolling 5-year periods. The Index is regarded as a good measure of the performance of investment-grade corporate bonds denominated in sterling. The Index is considered an appropriate benchmark for the Fund's performance, as many of the Fund’s potential investments will be included in the Index. In addition to the benchmark for the Fund’s performance as noted above (the "Index"), the IA Sterling Strategic Bond sector is considered an appropriate benchmark for performance comparison.

Key Information

Inception 30th Oct 2009
Historic Yield 4.3000%
Sector IA Sterling Strategic Bond
Fund Size £1229.772mn
Fund Type OEIC
Classification Income

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. 		0.40%
Initial Charge 0%
AMC 0
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Our charges for assets above £250,000 are shown on our rates and charges sheet 		0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here 		0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		0.40%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Performance

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      Current Comparators


      • Cumulative Performance

        1 month3 months6 months1 year3 years5 years
        -0.86% 1.22% 8.81% 7.62% -7.72% 3.86%

        Important Information
        Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

        The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



      Composition

      View Fund Allocation by:

      TOP 10 HOLDINGS TOP 10 ASSETS TOP 10 SECTORS TOP 10 GEOGRAPHIES

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured. &nbsp;
      FUND PROVIDER FACTSHEET
      745,527 bytes PDF Document; last updated 29 Feb 2024
      Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INVESTOR INFORMATION DOCUMENT
      82,029 bytes PDF Document; last updated 15 Feb 2024
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      1,475,119 bytes PDF Document; last updated 31 Jan 2023
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      1,422,557 bytes PDF Document; last updated 31 Jul 2023
      Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
      PROSPECTUS
      1,101,813 bytes PDF Document; last updated 27 Feb 2023
      GET ADOBE READER

      Management Team

      Paola Binns Eric Holt

      Paola Binns has managed this fund for 10 months.

      Paola Binns Paola Binns – Head of Sterling Credit Paola is responsible for the management of corporate bond portfolios. She brings some 20 years’ experience in bond markets to RLAM, having joined in August 2007 from Credit Suisse Asset Management where she was responsible for managing sterling credit assets. Paola has developed a wide range of bond asset classes having held a number of roles specialising in European corporate bonds, government bonds and emerging market debt. Paola has an MA degree in History and Spanish Literature from Oxford University.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Paola

      Name of Security Sole/Co Managed Since
      Royal London Stg Cr Sole Sep 2008
      Royal London Ethical Bond Co Jun 2023
      Royal London Ethical Bond Co Jun 2023
      Royal London Short Dur Credit Sole Nov 2013
      Royal London Inv Grd Sht Dtd Cr Sole Jun 2021
      Royal London Short Dur Credit Sole Nov 2013

      Eric Holt has managed this fund for 10 months.

      Eric Holt Eric Holt – Senior Fund Manager Eric has extensive knowledge of investment grade and high yield corporate bonds, gained over a career spanning more than 40 years. He manages the Ethical Bond Fund and the Sterling Extra Yield Bond Fund as well as having a wider role within the team. He joined RLAM in 1999 following Royal London’s acquisition of United Assurance, 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 and Faculty of Actuaries.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      All funds managed by Eric

      Name of Security Sole/Co Managed Since
      Royal London Ethical Bond Co Jun 2023
      Royal London GblBdOpp Co Dec 2015
      Royal London Ethical Bond Co Jun 2023
      Royal London Stg ExYdBd Co Apr 2003
      Royal London GblBdOpp Co Dec 2015
      Royal London Stg ExYdBd Co Apr 2003

      Investment involves risk. You may get back less than invested.