Royal London Diversified Asset-Backed Securities Z Acc
Latest (Mid) Price:
GBX 128.50
Day Change:
+0.08%
| Shares Class | Inc. |
|---|---|
| Yield | 2.35 |
| Total Expense Ratio | 0.00 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 202,792,507.00 | Launch Date | 24/09/2012 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | Yes | Annual Management Charge (%) | 0.00 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,000,000.00 | Total Expense Ratio (%) | 0.00 |
| ISIN | GB00B4K6P774 | Min Topup (£) | 50,000.00 | Ongoing Charge (%) | 0.4250 (on 31/12/2020) |
Fund Objective
The Fund’s investment objective is to achieve a positive absolute return in all market conditions over rolling 3-year periods, by predominantly investing in asset-backed securities and other sterling-denominated corporate bonds. The Fund’s performance target is to outperform, before the deduction of charges, the Bank of England Sterling Overnight Interbank Average (SONIA) plus 2% per annum over rolling 3 year periods.
Fund Managers
Shalin Shah
Shalin Shah joined the Fixed Interest team at RLAM in mid 2008. Over the last three and a half years he has been involved in a variety of areas, including LDI (Liability Driven Investment) product development, risk management and more recently, he has moved into a credit fund manager role. Prior to 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.
Asset Breakdown
| Name | Weight |
|---|---|
| Alternative Investment Strateg | 0.00% |
| Global Corporate Fixed Interes | 96.00% |
| Global Government Fixed Intere | 0.00% |
| Global Index Linked | 0.00% |
| UK Gilts | 7.00% |
Region Breakdown
| Name | Weight |
|---|---|
| Australia | 0.28% |
| Cayman Islands | 2.18% |
| Denmark | 0.23% |
| France | 2.31% |
| Germany | 0.27% |
| Ireland | 2.49% |
| Italy | 0.31% |
| Jersey | 2.17% |
| Mexico | 0.34% |
| Netherlands | 1.91% |
| UK | 86.00% |
| USA | 1.50% |
Sector Breakdown
| Name | Weight |
|---|---|
| Consumer Goods | 0.00% |
| Consumer Services | 4.00% |
| Corporate Bonds | 44.00% |
| Derivatives | 0.00% |
| Financial Services | 4.00% |
| General Industrials | 0.00% |
| Government Bonds | 0.00% |
| Insurance | 5.00% |
| Investment Trusts | 11.00% |
| Mortgage & Secured Bonds | 1.00% |
| Property | 11.00% |
| Real Estate | 6.00% |
| Telecommunications | 0.00% |
| Utilities | 2.00% |
Top 10 Holdings
| Name | Weight |
|---|---|
| SCOTTISH MORTGAGE 6.875% 31/01 | 2.00% |
| BRITISH LAND CO PLC 5.264% 1ST | 1.00% |
| CO-OPERATIVE BANK PLC (THE) 4. | 1.00% |
| EDINBURGH INVESTMENT TST PLC ( | 1.00% |
| FRESH 1997 8.368% 04/10/58 (1- | 1.00% |
| GROSVENOR UK FINANCE 6.5% DEB | 1.00% |
| LAW DEBENTURE FINANCE 6.125% G | 1.00% |
| MERCANTILE INVESTMENT TRUST 6. | 1.00% |
| TELEREAL SECURITISATION VAR BD | 1.00% |
| TRAFFORD CENTRE FRN 28/07/2038 | 1.00% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
Fund data supplied by
