Royal London Sustainable World Trust Class C Acc

Mixed Asset 61-100% Equity

Rated Fund 2013-19. Invests in innovative companies with a positive impact on society

This fund won Money Observer’s Best Higher Risk Mixed Asset Fund award in 2015 and was highly commended in this category in 2016. It also won the Best Mixed Asset Ethical/SRI fund award in 2014, 2015 and 2016.

Previously called CIS Sustainable World, it changed its name after Royal London took over the CIS funds in 2013. This has not affected the management of the fund, as it has remained under the stewardship of Mike Fox, its manager since inception in 2009.

He has kept its equity content close to the maximum of 85% in recent years. The core idea of the fund, which has ongoing charges of 0.77%, is to invest in growing, innovative companies having a positive impact on society. This is supplemented by companies showing leadership in environmental, social and governance (ESG) management.

Fox believes this approach makes the fund less volatile than others with a wider remit. He argues that by investing in growing, innovative companies with talented management teams, inherent risks in the fund are reduced.

The economic environment has only a marginal influence on his choice of shares. He is primarily interested in innovation and structural growth rather than changing the fund to reflect shorter-term economic conditions.

That said, he acknowledges that economic cycles provide him with opportunities to purchase investments at attractive valuations. He believes that economies are continuing to deliver reasonable growth and that companies stand to benefit over the longer term.

Although the fund can invest globally, Fox says there tends to be a bias towards the US and other developed markets because that is where he typically finds innovation and companies with the strongest ESG standards.

Narrative and ratings content all as of 01 January 2019.

See all Money Observer rated funds
Name
Royal London Sustainable World Trust Class C Acc
Manager
RLUM Limited
Type
Unit Trust
ISIN
GB00B882H241
Sector
Mixed Investment 40-85% Shares
Launched
26/11/2012
OCF
0.77 %
Risk Rating
5
3 Year Sharpe
1.40
3 Year Alpha
3.57
Yield
0.9 %
Benchmark
Mixed Investment 40%-85% shares
The fund seeks to provide medium to long term capital growth via worldwide investments in multiple asset classes, but primarily equities with some fixed interest securities and cash. The Trust invests primarily in equities (up to a maximum of 85% of the fund), and some fixed interest securities. Overseas allocation will depend upon the relative attractions of the region with at least 10% of the fund held in non-UK equities (where equities are deemed to include convertibles). At least 50% of the fund will be held in Pound Sterling and/or Euro. The fund is screened in accordance with The Co-operative Investments’ ethical investment policy, a copy of which is available on request. However, for the sole purpose of asset collection, the fund may enter into transactions in index derivatives where some of the underlying constituents may not fully meet this policy.
Holding %
Roche Holding AG Dividend Right Cert. 3.42 %
adidas AG 3.07 %
Rentokil Initial PLC 3.02 %
AstraZeneca PLC 3.02 %
London Stock Exchange Group PLC 2.95 %
Microsoft Corp 2.94 %
Visa Inc Class A 2.93 %
Experian PLC 2.85 %
CSX Corp 2.83 %
Ansys Inc 2.64 %
Region %
United States 39.78 %
United Kingdom 26.65 %
Eurozone 16.27 %
Europe - ex Euro 15.17 %
Sector %
Healthcare 24.45 %
Technology 23.48 %
Industrials 16.53 %
Consumer Cyclical 10.47 %
Basic materials 7.26 %
Financial Services 7.00 %
Consumer Defensive 5.99 %
Name
RLUM Limited
Address
United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Mike Fox
Joined 09/21/2009

Mike is investment manager of the CIS Sustainable Leaders Trust and has been doing this job since November 2003. Mike selects, from the list of companies meeting the criteria of the Trust, the companies most likely to provide strong investment performance.

Data provided by Morningstar.

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