Royal London European Corporate Bond M (FUND:B8CWHS6) - Overview

Fund Report

Royal London European Corporate Bond Fund Class M Income Shares (net)

Key Stats
Morningstar® CategoryEUR Corporate Bond
Manager Name-
Inception Date13/08/2012
NAV 02/12/2016GBX 115.50
Day Change0.09%
12 Month Yield3.08%
ISINGB00B8CWHS66
SEDOLB8CWHS6
Dividend FrequencySemi-Annually
Net Assets (mil) 30/09/2016115.79 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.52%
AMC0.50%
Fund Rebate-

Morningstar Rating™

5 Stars

Benchmarks

Fund Benchmark

BofAML GBP Corp&Coll TR USD

Morningstar® Benchmark

Bloomberg Barclays Euro Aggregate Corporates TR EUR

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund-4.641.76-6.7820.51
Category-5.36-0.27-5.5419.20
Benchmark-5.011.11-5.5619.89
  • Fund: Royal London European Corporate Bond Fund Class M Income Shares (net)
  • Category: EUR Corporate Bond
  • Benchmark: Bloomberg Barclays Euro Aggregate Corporates TR EUR
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD18.3618.0118.75
3 Years Annualised4.093.714.31
5 Years Annualised---
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
  • 1
  • 2
  • 3
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  • 6
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The investment objective of the Fund is to maximise investment return (including income and capital growth) over the medium to long term from a portfolio comprising primarily investment grade corporate fixed-interest securities denominated in Euros. To achieve this objective, the Fund will invest primarily in euro denominated investment grade debt securities issued by companies, although it may also invest in subinvestment grade securities. It may also invest in debt securities issued by European governments, government agencies and supra-nationals as well as other transferable securities, deposits and cash.

Portfolio Profile30/09/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds94.920.0094.92
Cash28.6127.151.46
Other3.620.003.62
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond94.29
Cash & Equivalents2.02
Non-Agency Residential Mortgage Backed0.83
Government0.83
Preferred0.78
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Credit Agri (Ldn) 2.375% 2024-05-20France1.55
Alpha Trains Finan 2.064% 2030-06-30Luxembourg1.48
General Elec 1.25% 2023-05-26United States1.29
Anheuser-Busch Inb 2% 2028-03-17Belgium1.26
IncreaseUbs Cap Sec Je Jersey1.23
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. 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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