Royal London Bond Funds II ICVC - Royal London Ethical Bond Fund Z Income

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Performance History31/05/2024
Growth of 1,000 (GBP) Advanced Graph
Royal London Bond Funds II ICVC - Royal London Ethical Bond Fund Z Income
Fund7.9-0.5-17.19.70.8
+/-Cat-0.82.21.60.01.8
+/-B’mrk-1.63.43.60.02.4
 
Key Stats
NAV
21/06/2024
 GBP 1.00
Day Change 0.20%
Morningstar Category™ GBP Corporate Bond
IA (formerly IMA) Sector £ Strategic Bond
ISIN GB00BJ4KSZ90
Fund Size (Mil)
31/05/2024
 GBP 1223.41
Share Class Size (Mil)
31/05/2024
 GBP 311.03
Max Initial Charge -
Ongoing Charge
15/02/2024
  0.40%
Morningstar Research
Analyst Report05/02/2024
Evangelia Gkeka, Senior Analyst
Morningstar, Inc

Royal London Ethical Bond invests mainly in investment-grade sterling corporate bonds while excluding the debt of companies that fail certain ethical criteria.The firm's approach to credit analysis is well-established and differentiated and has...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Royal London Bond Funds II ICVC - Royal London Ethical Bond Fund Z Income
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. At least 80% of the Fund will be invested in corporate bonds and in index linked corporate bonds, securitisations, supranational bonds, agency bonds, floating-rate notes and asset-backed securities, each denominated in sterling or hedged back to sterling. These investments will generally be fixed-rate issues (bonds paying interest at an unchanging rate, rather than on an adjustable basis).
Returns
Trailing Returns (GBP)21/06/2024
YTD2.23
3 Years Annualised-2.31
5 Years Annualised0.65
10 Years Annualised*3.45
12 Month Yield 4.48
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Eric Holt
12/04/2019
Paulo Binns
01/06/2023
Inception Date
12/04/2019
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
Markit iBoxx GBP NonGilts TRMorningstar UK Corp Bd GR GBP
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNo
GrowthYes
IncomeYes
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  Royal London Bond Funds II ICVC - Royal London Ethical Bond Fund Z Income31/05/2024
Fixed Income
Effective Maturity-
Effective Duration5.49
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.650.000.65
Bond94.860.0094.86
Property0.000.000.00
Cash10.8711.07-0.20
Other4.690.004.69
* This share class has performance data calculated prior to the inception date, 2019-04-12. This is based upon a simulated/extended track record, using the track record of Royal London Ethical Bond Z Inc (ISIN: GB00B4TDBC68), and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)
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