Royal London Sterling Credit Z Inc (FUND:B4W1ZT2) - Fund price


Fund Report

Royal London Sterling Credit Fund Z Inc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager NamePaola Binns
Inception Date01/09/2008
NAV 12/08/2020GBX 142.30
Day Change-0.35%
12 Month Yield3.64%
ISINGB00B4W1ZT22
Dividend FrequencyQuarterly
Net Assets (mil) 30/06/20202,519.02 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.35%
AMC0.30%
Fund Rebate0.05%

Morningstar Rating™

4 Stars

Morningstar® Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

Markit iBoxx GBP NonGilts TR

Morningstar® Benchmark

Markit iBoxx GBP NonGilts TR

Growth Of 10,000 (GBP) 31/07/2020

How has this security performed
201520162017201820192020
Fund0.479.197.29-1.6010.823.11
Category0.389.714.84-2.319.624.61
Benchmark0.4910.664.33-1.539.274.93
  • Fund: Royal London Sterling Credit Fund Z Inc
  • Category: GBP Corporate Bond
  • Benchmark: Markit iBoxx GBP NonGilts TR
Trailing Returns % (GBP) 12/08/2020
FundCatBmark
YTD2.674.394.48
3 Years Annualised4.263.944.06
5 Years Annualised5.425.135.21
10 Years Annualised6.495.945.96

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Fund’s investment objective is to achieve a total return over the medium term, which should be considered as a period of 3-5 years, by predominantly investing in corporate bonds , which will mainly be valued in sterling. At least 80% of the Fund will be invested in corporate bonds denominated in sterling or hedged back to sterling.

Portfolio Profile30/06/2020

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.800.000.80
Bonds96.070.0096.07
Cash7.187.37-0.19
Other3.310.003.31
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond65.97
Asset Backed15.25
Agency Mortgage Backed13.07
Convertible2.69
Covered Bond1.74
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Aviva Plc 6.88% 2058-05-20United Kingdom1.22
innogy Finance B.V. 6.12% 2039-07-06Germany0.89
Electricite de France SA 6% France0.86
Thames Water Utilities Cayman Finance Limited 7.74% 2058-04-09United Kingdom0.84
RMPA Services Plc 5.34% 2038-09-30United Kingdom0.80
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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