Aegon AM Ethical Cautious Managed Class B Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 1.2% | 10.9% | -17.3% | 3.5% | 14.1% |
| Sector | 2.8% | 7.9% | -7.5% | 1.9% | 11.3% |
| Rank | 100/145 | 28/155 | 163/164 | 30/173 | 21/186 |
| Quartile | 3 | 1 | 4 | 1 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -0.8% | 1.9% | 3.2% | |
| Sector | 1.6% | 3.1% | 3.8% | |
| Rank | 152/164 | 126/145 | 85/106 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| RELX | 2.64 |
| LONDON STOCK EXCHANGE GROUP | 2.36 |
| ROYAL BANK OF SCOTLAND GROUP | 2.23 |
| SSE | 2.12 |
| EXPERIAN | 2.07 |
| DIPLOMA | 1.87 |
| JTC | 1.75 |
| VOLUTION GROUP | 1.74 |
| DEUTSCHE BAHN FIN GMBH 3.125% 24/07/2026 EMtn | 1.74 |
| NATIONAL GRID | 1.65 |
| Total | 20.17 |
Fund Aims
The investment objective is to provide a combination of income and capital growth over a 7 year period.
Fund Manager
Iain Buckle is an investment manager in the Fixed Income team with responsibility for credit analysis, particularly securitised and structured finance assets. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include the Kames Sterling Corporate Bond Fund, core pooled and segregated mandates and funds included in our ethical bond franchise. As an experienced fund manager Iain is responsible for overseeing the institutional pooled and buy-and-hold portfolios managed across the team. Iain joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University.
Audrey Ryan is an investment manager in the Equities team with responsibility for managing several funds. In addition, Audrey has analysis duties for the travel & leisure sector and is a small-cap specialist. She joined the industry in 1995 and us in 1997 from General Accident where she was a UK small companies portfolio manager. Audrey studied Accounting at Napier University, is a qualified chartered accountant and has an MSc in Investment Analysis.
Fund Overview
| Mid (20/12/2024) | 120.89p |
| Historic yield | 2.00% |
| Fund size (31/10/2024) | £203.52m |
| Number of holdings | 155 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.77% |
| Launch date | 14/05/2013 |
Asset Allocation
| UK Equities | 52.62% | |
| UK Corporate Bonds | 24.15% | |
| International Bonds | 14.34% | |
| Property | 1.86% | |
| International Equities | 1.48% | |
| Cash and Equivalents | 0.64% | |
| Other Assets | 4.91% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 52.62% | |
| UK Corporate Bonds | 24.15% | |
| International Bonds | 14.34% | |
| Property | 1.86% | |
| International Equities | 1.48% | |
| Cash and Equivalents | 0.64% | |
| Other Assets | 4.91% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 38.50% | - | - | - | |
| Industrials | 14.95% | - | - | - | |
| Industrial Goods & Services | - | 11.24% | - | - | |
| Industrial Support Services | - | - | 7.07% | - | |
| Industrial Suppliers | - | - | - | 3.52% | |
| Professional Business Support Services | - | - | - | 2.07% | |
| Business Training & Employment Agencies | - | - | - | 1.47% | |
| Electronic & Electrical Equipment | - | - | 1.83% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.41% | |
| Electrical Components | - | - | - | 0.42% | |
| Industrial Transportation | - | - | 1.83% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.38% | |
| Marine Transportation | - | - | - | 0.45% | |
| General Industrials | - | - | 0.51% | - | |
| Containers & Packaging | - | - | - | 0.51% | |
| Construction & Materials | - | 3.71% | - | - | |
| Construction & Materials | - | - | 3.71% | - | |
| Building Materials: Other | - | - | - | 2.36% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 1.35% | |
| Financials | 13.58% | - | - | - | |
| Financial Services | - | 7.39% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.88% | - | |
| Asset Managers & Custodians | - | - | - | 3.88% | |
| Finance & Credit Services | - | - | 3.50% | - | |
| Financial Data & Systems | - | - | - | 2.36% | |
| Consumer Lending | - | - | - | 1.15% | |
| Insurance | - | 3.96% | - | - | |
| Life Insurance | - | - | 3.56% | - | |
| Life Insurance | - | - | - | 3.56% | |
| Non-life Insurance | - | - | 0.40% | - | |
| Reinsurance | - | - | - | 0.40% | |
| Banks | - | 2.23% | - | - | |
| Banks | - | - | 2.23% | - | |
| Banks | - | - | - | 2.23% | |
| Consumer Discretionary | 10.81% | - | - | - | |
| Media | - | 4.41% | - | - | |
| Media | - | - | 4.41% | - | |
| Publishing | - | - | - | 2.64% | |
| Media Agencies | - | - | - | 1.77% | |
| Retail | - | 2.51% | - | - | |
| Retailers | - | - | 2.51% | - | |
| Home Improvement Retailers | - | - | - | 2.51% | |
| Consumer Products & Services | - | 2.15% | - | - | |
| Household Goods & Home Construction | - | - | 1.37% | - | |
| Home Construction | - | - | - | 1.37% | |
| Personal Goods | - | - | 0.79% | - | |
| Luxury Items | - | - | - | 0.79% | |
| Travel & Leisure | - | 1.74% | - | - | |
| Travel & Leisure | - | - | 1.74% | - | |
| Hotels & Motels | - | - | - | 1.35% | |
| Travel & Tourism | - | - | - | 0.39% | |
| Technology | 6.99% | - | - | - | |
| Technology | - | 6.99% | - | - | |
| Software & Computer Services | - | - | 6.99% | - | |
| Consumer Digital Services | - | - | - | 3.06% | |
| Software | - | - | - | 2.08% | |
| Computer Services | - | - | - | 1.85% | |
| Non-Classified | 4.91% | - | - | - | |
| Utilities | 3.78% | - | - | - | |
| Utilities | - | 3.78% | - | - | |
| Electricity | - | - | 2.12% | - | |
| Conventional Electricity | - | - | - | 2.12% | |
| Gas, Water & Multi-utilities | - | - | 1.65% | - | |
| Multi-Utilities | - | - | - | 1.65% | |
| Real Estate | 3.64% | - | - | - | |
| Real Estate | - | 3.64% | - | - | |
| Real Estate Investment Trusts | - | - | 2.73% | - | |
| Residential REITs | - | - | - | 1.33% | |
| Office REITs | - | - | - | 0.88% | |
| Diversified REITs | - | - | - | 0.52% | |
| Real Estate Investment & Services | - | - | 0.91% | - | |
| Real Estate Holding and Development | - | - | - | 0.91% | |
| Health Care | 1.14% | - | - | - | |
| Health Care | - | 1.14% | - | - | |
| Health Care Providers | - | - | 0.93% | - | |
| Health Care Services | - | - | - | 0.93% | |
| Pharmaceuticals & Biotechnology | - | - | 0.21% | - | |
| Biotechnology | - | - | - | 0.21% | |
| Telecommunications | 1.07% | - | - | - | |
| Telecommunications | - | 1.07% | - | - | |
| Telecommunications Service Providers | - | - | 1.07% | - | |
| Telecommunications Services | - | - | - | 1.07% | |
| Cash and Equivalents | 0.64% | - | - | - | |
Regional Allocation
| UK | 76.77% | |
| Developed Europe - Excl UK | 10.01% | |
| Non-Classified | 8.95% | |
| Property | 1.86% | |
| North America | 1.46% | |
| Cash and Equivalents | 0.64% | |
| Australia & New Zealand | 0.32% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 60.87% | |
| Pound Sterling | 38.50% | |
| Cash | 0.64% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 76.77% | - | |
United Kingdom
|
- | 76.77% | |
| Developed Europe - Excl UK | 10.01% | - | |
Netherlands
|
- | 4.00% | |
Denmark
|
- | 0.85% | |
France
|
- | 0.84% | |
Italy
|
- | 0.84% | |
Ireland
|
- | 0.74% | |
Germany
|
- | 0.72% | |
Spain
|
- | 0.71% | |
Finland
|
- | 0.71% | |
Luxembourg
|
- | 0.60% | |
| Non-Classified | 8.95% | - | |
| Property | 1.86% | - | |
| North America | 1.46% | - | |
United States
|
- | 1.07% | |
Bermuda
|
- | 0.40% | |
| Cash and Equivalents | 0.64% | - | |
| Australia & New Zealand | 0.32% | - | |
Australia
|
- | 0.32% | |
Breakdown By Market Cap (%)
| Mega |
|
10.96% |
| Large |
|
8.12% |
| Medium |
|
16.67% |
| Small |
|
6.23% |
| Non-Classified |
|
18.88% |
| Bonds |
|
38.50% |
| Cash |
|
0.64% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
13.02% |
| 5Yr - 10Yr Maturity |
|
11.43% |
| 10Yr - 15Yr Maturity |
|
5.98% |
| > 15Yr Maturity |
|
8.06% |
| Cash And Equivalents |
|
0.64% |
| Unknown Maturity |
|
4.91% |
| Other Asset Types |
|
55.95% |
Fixed Interest Quality Profile
| AAA |
|
1.56% |
| AA |
|
1.85% |
| A |
|
9.53% |
| BBB |
|
18.90% |
| Unknown Quality |
|
6.65% |
| Cash and Equivalents |
|
0.64% |
| Other Asset Types |
|
60.87% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | RELX | 2.64% | Media | United Kingdom |
| 2 | LONDON STOCK EXCHANGE GROUP | 2.36% | Finance & Credit Services | United Kingdom |
| 3 | ROYAL BANK OF SCOTLAND GROUP | 2.23% | Banks | United Kingdom |
| 4 | SSE | 2.12% | Electricity | United Kingdom |
| 5 | EXPERIAN | 2.07% | Industrial Support Services | United Kingdom |
| 6 | DIPLOMA | 1.87% | Industrial Support Services | United Kingdom |
| 7 | JTC | 1.75% | Investment Banking & Brokerage Services | United Kingdom |
| 8 | VOLUTION GROUP | 1.74% | Construction & Materials | United Kingdom |
| 9 | DEUTSCHE BAHN FIN GMBH 3.125% 24/07/2026 EMtn | 1.74% | Bonds | Netherlands |
| 10 | NATIONAL GRID | 1.65% | Gas, Water & Multi-utilities | United Kingdom |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B7TCPG6 |
| Mex Code | K1ACNV |
| Isin Code | GB00B7TCPG66 |
| Citi Code | JCSG |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.77% |
Aims and Benchmark
| Aims | The investment objective is to provide a combination of income and capital growth over a 7 year period. |
| Benchmark | Investment Association Mixed Investment 20 - 60% sector |
| Benchmark Category | Comparator |
| IA Sector | Mixed Investment 20-60% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 31 March |
| 01 May | 30 June |
| 01 August | 30 September |
| 01 November | 31 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Citibank |
| Fund Administrator | Citibank |
| Fund Registrar | Northern Trust Global Services Limited |
| Fund Custodian | Citibank |
Group Details
| Group name | Aegon Asset Management |
| Group address | 3 Lochside Avenue Edinburgh Park EDINBURGH EH12 9SA |
| Group telephone | 0800 45 44 22 |
| Dealing telephone | 0800 169 5186 |
| info@kamescapital.com | |
| Homepage | www.aegonam.com |
| Fax number | - |
Dealing
| Minimum Investment | £2000000 |
| Minimum Top Up | £1000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -3.34 |
| Beta | 1.73 |
| Sharpe | -0.01 |
| Standard Deviation | 12.64 |
| Info Ratio | -0.36 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | Yes |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.