Royal London UK Equity M

UK All Companies fund targeting capital growth.

  • 170.30p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.62%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.66%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.50%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 19 January 2021

The fund seeks to achieve capital growth. Offering broad UK market exposure, the fund draws on the manager’s top down investment process and focuses on earnings momentum as a key driver of future share price performance.

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched May, 2012
Size £652m
Yield 2.50%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.62%
Ongoing charges figure 0.66%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.34%
  • 17/18 -0.05%
  • 18/19 0.20%
  • 19/20 0.11%
  • 20/21 -0.15%

Bestinvest MRI

  • 3 years 0.05%
  • 5 years -0.05%
  • Career -0.01%
  • 3 years 91.60%
  • 5 years 56.40%
  • Career 73.20%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Ivor Pether

Pether has worked within the Royal London Group since 1984, joining RLAM on its inception in 1988. Initially managing income unit trusts, and then the RL Staff Pension Fund, in 1989 he assumed responsibility for the management of the UK equity component of the Royal London Life Fund. Prior to joining Royal London, he spent two years as an economist at SIA Computer Services, having begun his career as a base metals analyst at CRU. pETHER has a BSc in Economics from Bristol University and an MA in Economics from Warwick University. He is a member of the Associate of the Institute of Investment Management & Research (subsequently renamed the CFA Society of the UK).

Track record

Ivor Pether has 6.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.01%. During the worst period of relative performance (from November 2015 - August 2017) there was a decline of 6% relative to the index. The worst absolute loss has been 25%.

Periods of worst performance

Absolute -25.00% (December 2019 - March 2020)
Relative -6.00% (November 2015 - August 2017)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

6.8207% Astrazeneca Plc
4.8724% Glaxosmithkline
4.4491% Diageo
3.8032% Rio Tinto
3.4973% Unilever
3.4691% Royal Dutch Shell Plc
2.6605% Reckitt Benckiser Group Plc
2.6181% Bp
2.6101% Experian Group Ltd Usd0.1
2.6009% Relx Nv
Source: Trustnet

Sector breakdown

Financials 20.00%
Industrials 17.00%
Consumer Goods 15.00%
Health Care 14.00%
Basic Materials 10.00%
Consumer Services 9.00%
Oil & Gas 7.00%
Utilities 6.00%
Technology 2.00%
Telecommunications 1.00%

Key Investor Information

Download