Royal London Global Equity Enhanced Fund
Share classM Acc USD
ISIN IE000TOTDLH5
Fund objective
The Fund’s investment objective is to outperform the MSCI World Index USD before fees per annum over rolling three-year periods. This is considered an appropriate benchmark for the Fund's performance.
| Base currency | USD |
|---|---|
| Fund launch | 08 Nov 2022 |
| Dividend yield | 1.35% |
| Benchmark |
|---|
| MSCI World |
Performance
Data as at 31 Aug 2026
Royal London Global Equity Enhanced Fund - M Acc USD | 71.07% |
MSCI World | 73.27% |
Past performance is not a guarantee or reliable indicator of future returns. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested.
Share class performance is based on close of business prices, net of fees and gross of taxes, with gross income reinvested unless otherwise stated. Benchmark performance is priced at close of business, gross of fees and taxes. The impact of fees reduces your investments. Rolling performance data shown using month end returns.
Cumulative
To 31 Aug 2026 | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Launch |
|---|---|---|---|---|---|---|---|---|
M Acc USD | 2.72 | 3.04 | 10.42 | 20.45 | 71.07 | - | - | 105.54 |
Benchmark | 2.58 | 2.36 | 9.82 | 20.37 | 73.27 | - | - | 105.40 |
Annualised
3 years | 5 years | Launch |
|---|---|---|
19.58 | - | 20.79 |
20.09 | - | 20.77 |
Share class launched on 08 Nov 2022
Risk and return
Annualised| 3 years | |
|---|---|
Alpha (%) | -7.49 |
Beta | 0.98 |
Tracking error (%) | 3.11 |
Information ratio | -0.05 |
Alpha
Measure of excess return of an investment relative to a benchmark index. It measures the performance of a stock or portfolio, relative to a benchmark. A positive alpha indicates outperformance, while a negative alpha suggests underperformance. In this context, alpha refers to Jensen’s Alpha, the industry standard risk adjusted measure of performance relative to expected returns given market risk. Ex-post risk statistics are calculated using daily return data.
Beta
It measures a stock's volatility relative to the market. A beta of 1 means the stock moves with the market, while a beta less than 1 is less volatile, and a beta greater than 1 is more volatile. Ex-post risk statistics are calculated using daily return data.
Tracking error
Tracking error indicates how closely a fund follows its benchmark index. It is a measure of the risk in the fund that is due to active management decisions made by the fund manager. It is calculated on an ex-post basis (actual basis, post period end). Ex-post risk statistics are calculated using daily return data.
Information ratio (IR)
It is a measure of risk-adjusted performance of a portfolio against a benchmark. It calculates the excess returns of a portfolio relative to the benchmark, adjusted for the volatility of those returns. A higher IR indicates more consistent excess returns. Ex-post risk statistics are calculated using daily return data.
Fund breakdowns
Top 10 holdings (%)
NVIDIA Corporation | 5.65 |
Apple Inc. | 5.41 |
Alphabet Inc. Class A | 4.21 |
Microsoft Corporation | 3.89 |
Amazon.com, Inc. | 3.07 |
Broadcom Inc. | 1.78 |
Meta Platforms Inc Class A | 1.36 |
Micron Technology, Inc. | 1.30 |
JPMorgan Chase & Co. | 1.21 |
Eli Lilly and Company | 1.14 |
Total number of holdings | 490 |
Sector breakdown (%)
| Fund | Benchmark | |
|---|---|---|
Information Technology | 30.18 | 30.04 |
Financials | 17.77 | 16.47 |
Industrials | 11.78 | 11.12 |
Consumer Discretionary | 8.53 | 8.79 |
Health Care | 8.36 | 9.25 |
Communication | 8.06 | 7.92 |
Energy | 5.08 | 4.08 |
Consumer Staples | 4.03 | 4.90 |
Materials | 3.26 | 3.42 |
Other | 2.95 | 4.00 |
Fund characteristics
Dividend yield | 1.35% |
P/E ratio - last 12 months | 21.96 |
P/E ratio - forward 1 year | 19.16 |
P/CF ratio | 16.76 |
P/B ratio | 3.97 |
P/S ratio | 2.82 |
Dividend yield
The dividend yield reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at the date shown. It does not include any preliminary charge and investors may be subject to tax on their distributions. Reported yields reflect RLAM’s current perception of market convention around timing of bond cash flows.
P/E ratio (Price-to-earnings ratio)
The P/E ratio is used to determine a company's share value and compare valuations. A high P/E ratio may indicate high market expectations for future growth, while a low P/E ratio may suggest lower expectations for future performance.
P/B ratio (Price-to-book ratio)
A valuation ratio calculated by dividing the market price per share of a company by its book value per share. A low P/B ratio may indicate that the company is undervalued, while a high P/B ratio may suggest that the company is overvalued.
P/CF ratio (Price-to-cash flow ratio)
It is used to determine the company's share value and to compare it to others or the market average. A low P/CF ratio may indicate that the company is undervalued, while a high P/CF ratio may suggest that the company is overvalued.
P/S ratio (Price-to-sales ratio)
A valuation ratio calculated by dividing a company's market capitalization by its total sales over the past 12 months. It is used to determine a company's share value and compare valuations. A low P/S ratio may indicate undervaluation, while a high P/S ratio may suggest overvaluation.
Fund managers
Matt Burgess
Head of Passive and Quantitative Equities
Nils Jungbacke
Senior Fund Manager
Fund literature
Codes and fees
Share class | ISIN | SEDOL | Launch date | Fee | Min investment |
|---|---|---|---|---|---|
M Acc USD | IE000TOTDLH5 | BMT7TC0 | 08/11/2022 | 0.300% | $100,000 |
M Acc GBP | IE000JJ6RM76 | BMT7TD1 | 08/11/2022 | 0.300% | £100,000 |
R Acc GBP | IE000SUVB8V3 | BMT7VZ7 | 08/11/2022 | 0.080% | £0 |
R Acc EUR | IE000GO71WV9 | BVD9K66 | 18/12/2025 | 0.080% | €0 |
S Acc USD | IE000UNJWRV4 | BMT7W09 | 08/11/2022 | 0.080% | $0 |
Z Acc USD | IE000M5XCGL4 | BMT7W10 | 08/11/2022 | 0.200% | $3,000,000 |
Z Acc GBP | IE000A3YBWS5 | BMT7W21 | 08/11/2022 | 0.200% | £3,000,000 |
Z Acc EUR | IE000LU6QMU5 | BMT7W32 | 08/11/2022 | 0.200% | €3,000,000 |
Contact us
For institutional investors
Email: institutional@rlam.com
For enquiries: 020 7506 6500
Telephone calls and written communications may be recorded and monitored. For further information please see the privacy policy.
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Equities
Royal London Asset Management's approach provides a diverse way to meet a number of investor objectives.
Risks
Past performance is not a guide to future performance. The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested.
Concentration risk
The price of Funds that invest in a reduced number of holdings, sectors, or geographical areas may be more heavily affected by events that influence the stockmarket and therefore more volatile.
Counterparty risk
The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
Derivative risk
Derivatives are highly sensitive to changes in the value of the underlying asset which can increase both Fund losses and gains. The impact to the Fund can be greater where they are used in an extensive or complex manner, where the Fund could lose significantly more than the amount invested in derivatives.
Emerging markets risk
Investing in Emerging Markets may provide the potential for greater rewards but carries greater risk due to the possibility of high volatility, low liquidity, currency fluctuations, the adverse effect of social, political and economic instability, weak supervisory structures and accounting standards.
Exchange rate risk
Investing in assets denominated in a currency other than the base currency of the Fund means the value of the investment can be affected by changes in exchange rates.
Liquidity risk
In difficult market conditions the value of certain fund investments may be difficult to value and harder to sell, or sell at a fair price, resulting in unpredictable falls in the value of your holding.
Important information
This is a financial promotion and is not investment advice.
Issued by Royal London Asset Management Limited, 80 Fenchurch Street, London EC3M 4BY. Authorised and regulated by the Financial Conduct Authority, firm reference number 141665. A subsidiary of The Royal London Mutual Insurance Society Limited.
Notice for UK Investors: The Fund is recognised in the UK under the Overseas Fund Regime (OFR) but is not a UK authorised fund and is not authorised by the Financial Conduct Authority (FCA). It is therefore not subject to the same regulatory oversight as UK authorised Funds and is not required to adhere to the UK sustainable investment labelling disclosure requirements. Most of the protections provided by the UK regulatory system, and the compensation under the Financial Services Compensation Scheme, will not be available. Investors are strongly encouraged to seek independent financial advice before making any investment decisions.
The Fund is a sub-fund of Royal London Asset Management Funds plc, an open-ended investment company with variable capital (ICVC), with segregated liability between sub-funds. Incorporated with limited liability under the laws of Ireland and authorised by the Central Bank of Ireland as a UCITS Fund. It is a recognised scheme under the Financial Services and Markets Act 2000.
The Management Company is FundRock Management Company SA, Registered office: Airport Center Building, 5 Heienhaff, L-1736 Senningerberg, Luxembourg and is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). The Investment Manager is Royal London Asset Management Limited.
The Prospectus and Key Investor Information Document (KIID) are available in English. A summary of investor rights is also available in English. RLAM may terminate the arrangements made for marketing of the fund pursuant to Article 93a of Directive 2009/65/EC.
For more information on the Fund or the risks of investing, please refer to the Prospectus or Key Investor Information Document (KIID).
MSCI indexes and data are the intellectual property of MSCI Inc. MSCI has no liability to any person for any loss, damage, cost, or expense suffered as a result of any use of or reliance on any of the information.
Source: Royal London Asset Management unless otherwise stated.
