Royal London UK Income With Growth

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Quick Stats

Bid Price GBX 231.30 Offer Price GBX 234.80
Mid Price - Day Change GBX -0.90 (-0.39%)
Price Date 19 Oct 2017 Crown Rating 2
Shares Class Inc. Yield 4.40 %
Total Expense Ratio 1.53 Fund Size 374,553,200.00
Launch Date 25/09/1989 Standard Initial Charge (%) 5.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.50 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 1.53
ISIN GB0001598050 Min TopUp (£) 500.00
Ongoing Charge (%) 1.5185 Ongoing Charge Date 30/09/2017

Fund Objective

A UK fund including investment grade fixed income exposure and a focused equity portfolio comprising stocks with above average income prospects and capital growth. The investment aim of the Fund is to provide first quartile performance over a rolling three-year period measured against the UK Equity & Bond Income sector. The Fund aims to achieve a total return comprising an equity capital return exceeding that of the FTSE All-Share Index, and a yield at least 20% greater than the FTSE All-Share Index. This will be achieved through investing in an equity portfolio and a range of fixed interest securities.

Fund Managers

Joe Walters

Joe currently manages a number of institutional mandates, having previously managed the CIS UK Growth Trust for over 10 years. Prior to that he managed the CIS UK Income with Growth Trust for over nine years, during which time it was awarded the best performing Fund in the UK Equity with Bond sector for the 5 years to December 1998. Joe has over 20 years of industry experience and previously held roles as an investment analyst covering a number of consumer sectors, such as general retail, beverages and tobacco, both at The Co-operative Asset Management and as a regional stockbroker. He qualified as an Associate Member of the Society of Investment Analysts in 1993 and is an ongoing Associate of the CFA, UK.

Performance Chart

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
HSBC HOLDINGS PLC 4.94%
BRITISH AMERICAN TOBACCO 4.02%
ROYAL DUTCH SHELL 3.91%
ASTRAZENECA PLC 3.29%
RIO TINTO 2.93%
IMPERIAL BRANDS PLC 2.78%
GLAXOSMITHKLINE 2.77%
BP 2.71%
VODAFONE GROUP 2.55%
LLOYDS BANKING GROUP PLC 2.38%

Asset Breakdown

Name Weight
Global Corporate Fixed Interes 0.63%
Money Market 1.63%
Sovereign Bond 0.45%
UK Corporate Fixed Interest 25.95%
UK Equities 71.35%

Region Breakdown

Name Weight
International 0.60%
Money Market 0.40%
Not Specified 0.30%
UK 98.70%

Sector Breakdown

Name Weight
Basic Materials 2.90%
Consumer Goods 11.70%
Consumer Services 5.30%
Financials 20.60%
Fixed Interest 27.40%
Health Care 6.10%
Industrials 9.50%
Oil & Gas 6.90%
Telecommunications 4.40%
Utilities 5.20%