The fund’s investment objective is to achieve a total return over the medium term (3–5 years) by investing at least 80% in UK government bonds, also known as gilts. The fund’s performance target is to outperform, after the deduction of charges, the FTSE Actuaries UK Conventional Gilts (All Stocks) Total Return GBP Index (the "Index") over rolling 5-year periods. For further information on the fund's index, please refer to the Prospectus.
Fund Manager
Craig Inchesmanager
for
15 years
and 5 months
Craig Inches joined RLAM in January 2009 as a Fund Manager with the Fixed Interest Team. He is responsible for the management of government bond portfolios including index linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after a successful 11 year career at Scottish Widows Investment Partnership. At SWIP, Craig built up a strong track record across a wide range of fixed interest funds, being appointed Fixed Income Investment Director in 2003. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
Ben Nichollmanager
for
3 years
and 8 months
Ben Nicholl is an Assistant Fund Manager, responsible for quantitative bond modelling within RLAM’s Rates and Cash business. Ben focuses on the management of the UK government bond, Cash and Absolute return funds. Prior to the Rates and Cash team Ben worked within RLAM’s Far East Equity and Asset Allocation teams developing a wide range of market knowledge and investment techniques. Ben has a BSc (Hons) in Economics from the University of York and is a CFA Charterholder.
Fund Overview
Mid (30/08/2024)
82.42p
Distribution yield
3.98%
Underlying yield
-
Fund size (31/01/2024)
£921.42m
Number of holdings
57
Entry Charge
0.00%
Ongoing Charges
0.30%
Launch date
01/05/2012
Asset Allocation
UK Gilts
96.17%
International Bonds
1.80%
UK Corporate Bonds
1.63%
Cash and Equivalents
0.34%
Other Assets
0.07%
Portfolio data accurate as at: 31/01/24
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Portfolio data accurate as at:
Asset Allocation
UK Gilts
96.17%
International Bonds
1.80%
UK Corporate Bonds
1.63%
Cash and Equivalents
0.34%
Other Assets
0.07%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
99.59%
-
-
-
Cash and Equivalents
0.34%
-
-
-
Non-Classified
0.07%
-
-
-
Regional Allocation
UK
97.79%
Developed Europe - Excl UK
0.73%
Non-Classified
0.55%
Cash and Equivalents
0.34%
Australia & New Zealand
0.32%
North America
0.28%
Fixed Interest Currencies
Pound Sterling
99.27%
Cash
0.34%
Australian Dollar
0.32%
Non-Fixed Interest Assets
0.07%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
97.79%
-
United Kingdom
-
97.79%
Developed Europe - Excl UK
0.73%
-
Finland
-
0.27%
France
-
0.23%
Netherlands
-
0.23%
Non-Classified
0.55%
-
Cash and Equivalents
0.34%
-
Australia & New Zealand
0.32%
-
Australia
-
0.32%
North America
0.28%
-
Canada
-
0.28%
Fixed Interest Maturity Profile
< 5Yr Maturity
54.68%
5Yr - 10Yr Maturity
4.34%
10Yr - 15Yr Maturity
13.95%
> 15Yr Maturity
26.63%
Cash And Equivalents
0.34%
Unknown Maturity
0.07%
Fixed Interest Quality Profile
AAA
0.55%
AA
97.12%
Unknown Quality
1.92%
Cash and Equivalents
0.34%
Other Asset Types
0.07%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
4⅛% Treasury Gilt 2027
19.36%
Bonds
United Kingdom
2
½% Treasury Gilt 2029
12.71%
Bonds
United Kingdom
3
3½% Treasury Gilt 2025
7.81%
Bonds
United Kingdom
4
1¾% Treasury Gilt 2037
6.83%
Bonds
United Kingdom
5
1⅛ Treasury 2039
4.75%
Bonds
United Kingdom
6
1¼ % Treasury Gilt 2041
3.71%
Bonds
United Kingdom
7
1½% Treasury Gilt 2047
3.57%
Bonds
United Kingdom
8
3¾% Treasury Gilt 2027
3.37%
Bonds
United Kingdom
9
1⅝% Treasury Gilt 2054
3.19%
Bonds
United Kingdom
10
⅜% Treasury Gilt 2026
3.12%
Bonds
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
B7QFPL3
Mex Code
RLGOVE
Isin Code
GB00B7QFPL36
Citi Code
13CP
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.30%
Aims and Benchmark
Aims
The fund’s investment objective is to achieve a total return over the medium term (3–5 years) by investing at least 80% in UK government bonds, also known as gilts. The fund’s performance target is to outperform, after the deduction of charges, the FTSE Actuaries UK Conventional Gilts (All Stocks) Total Return GBP Index (the "Index") over rolling 5-year periods. For further information on the fund's index, please refer to the Prospectus.
Benchmark
FTSE® Actuaries All Stocks Gilt index
Benchmark Category
-
IA Sector
UK Gilt
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
Biannually
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 May
30 June
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
HSBC Bank plc
Fund Administrator
HSBC Bank plc
Fund Registrar
DST Financial Services Europe
Fund Custodian
HSBC Bank plc
Group Details
Group name
Royal London Unit Trust Managers Limited
Group address
55 Gracechurch Street
London
EC3V 0UF
Group telephone
020 32725408
Dealing telephone
08456 04 04 04
Email
platforms@rlam.co.uk
Homepage
www.rlam.co.uk
Fax number
-
Dealing
Minimum Investment
£100000
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.