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Royal London Absolute Return Gov Bond Z Acc GBP

Ranked 11 out of 12 in - Absolute Return GBP over 36 months
All calculations are in GBP unless stated

Managed by

Paul Rayner

Paul Rayner is head of Government Bonds at RLAM and works closely with Government Bond Fund Manager Craig Inches. He is supported by a skilled and experienced team of specialist investors across all disciplines employed within the fund. Rayner joined RLAM in June 2005 from SG Asset Management where he was Head of UK Bonds. He has over 25 years’ experience in managing UK and global government bonds and is a graduate in Economics from the University of Kent.

Objective

The fund seeks to target absolute positive capital growth. The Fund invests in a portfolio comprising of fixed and/or floating rate investment grade government and inflation linked bonds, and supranational and sovereign floating rate notes issued by the G10 Member States, and financial derivative instruments . The Fund seeks to achieve its investment objective by outperforming its benchmark, the Sterling Overnight Index (“SONIA”) on an annual basis by between 2.5% and 3% over rolling three year periods and aims to provide positive performance over 12 month periods.

Showing fund performance in United Kingdom View performance globally

Performance

Absolute Return GBP over : 30/04/2016 - 30/04/2019
  • Rank 11/12 Total Return
  • Rank 2/12 Standard Deviation
  • Rank 2/12 Max Drawdown
Fund Name Currency Return
8 L&G Absolute Return Bond Fund Z GBP Acc GBP

3.6%

9 Aberdeen Target Return Bond A Acc GBP

3.3%

10 BlackRock Absolute Return Bond P Acc GBP

3.0%

11 Royal London Absolute Return Gov Bond Z Acc GBP GBP

1.0%

12 BNY Mellon Absolute Return Bond X GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-1.3%

Fund Name Currency Loss
1 L&G Absolute Return Bond Fund Z GBP Acc GBP

-0.7%

2 Royal London Absolute Return Gov Bond Z Acc GBP GBP

-0.8%

3 Janus Henderson Multi Asset Credit I Acc GBP Hgd

Currency exposure is hedged

Currency exposure is hedged

GBP

-0.9%

4 M&G Alpha Opportunities A GBP Inc GBP

-1.8%

5 Royal London Duration Hedged Credit Z Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.0%

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 0.6%
2018 -0.4% 0.1% -0.3% 0.4% -0.5%
2017 0.3% 0.2% 0.0% 0.2% 0.0%
2016 -0.2% -0.3% -0.4% 0.1% 0.4%
2015 1.4% 0.4% 0.5% -0.2% 0.7%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/04/2019

Top 10 Holdings

Stock Size
US Treasury 0.125% 15-Jul-2024 9.49%
GBP Cash 8.20%
United Kingdom 0.125% 10-Aug-2028 7.40%
Japan 0.100% 10-Mar-2027 7.22%
France 1.500% 25-May-2050 5.59%
US Treasury 2.000% 30-Jun-2024 3.62%
Japan 0.100% 10-Mar-2026 3.05%
USD Cash 2.96%
Spain 1.000% 30-Nov-2030 2.84%
Japan 0.100% 15-Nov-2019 2.64%
30/04/2019

Registered For Sale In

  1. Ireland
  2. United Kingdom

Fund Info

  • Launch date17/11/2014
  • Share Class size1,403Mn
  • Base currencyGBP
  • ISIN IE00BP3QZQ03

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0

Charges

  • Annual management0.35%
  • Initial investment0.35%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).