Royal London Multi Asset Strategies Fund
Share class M Acc GBP
ISIN GB00BFMWYN99
Fund objective
The Fund’s investment objective is to achieve a combination of capital growth and income over rolling 5-year periods while seeking to target volatility of 4-8% per annum, by employing diversified multi-asset strategies. There is no guarantee that volatility in this range will be achieved and it has been chosen as it represents a level of risk which is appropriate for the Fund. Volatility is a statistical measure of the Fund’s possible range of outcomes. For the Fund, volatility will be calculated as the annualised standard deviation of daily Fund prices over rolling 12-month periods. The Fund is actively managed, meaning that the manager will use their expertise to select investments to meet the objective.
| Base currency | GBP |
|---|---|
| Fund launch | 23 Nov 2018 |
| Benchmark |
|---|
| Morningstar GBP Allocation 20-40% Equity category |
Performance
Data as at 31 Aug 2026
Royal London Multi Asset Strategies Fund - M Acc GBP | 22.80% |
Morningstar GBP Allocation 20-40% Equity category | 12.99% |
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 2pm 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 GBP | 1.32 | -0.08 | 1.16 | 13.33 | 26.47 | 22.80 | - | 30.90 |
Benchmark | 1.04 | 0.80 | 1.31 | 7.88 | 23.78 | 13.07 | - | 31.67 |
Annualised
3 years | 5 years | Launch |
|---|---|---|
8.14 | 4.19 | 3.52 |
7.36 | 2.49 | 3.60 |
Share class launched on 23 Nov 2018
Fund breakdowns
Top 10 holdings (%)
Royal London Sterling Liquidity Money Market Fund | 11.04 |
Royal London UK Government Bond Fund | 9.91 |
Royal London International Government Bond Fund | 9.88 |
Royal London Investment Grade Short Dated Credit Fund | 7.45 |
Royal London Asia Pacific Ex Japan Equity Tilt Fund | 5.14 |
Royal London UK Core Equity Tilt Fund | 5.04 |
Royal London Emerging Markets Equity Tilt Fund | 5.01 |
Royal London US Equity Tilt Fund | 5.00 |
Royal London Sustainable Short Duration Corporate Bond Fund | 4.97 |
Royal London Europe Ex UK Equity Tilt Fund | 4.95 |
Asset breakdown (%)
| Fund | Benchmark | |
|---|---|---|
Overseas Equities | 23.85 | 15.02 |
Credit | 19.83 | 19.99 |
Gilts | 9.91 | 10.00 |
Commodities | 8.89 | 5.00 |
Global Sovereign Bonds | 8.63 | 12.50 |
Emerging Market | 5.01 | 10.00 |
Emerging Market Bonds | 2.49 | - |
ABS | 2.48 | - |
Emerging Market Equities | 1.59 | - |
UK Equities | 1.11 | 5.00 |
Cash & Absolute Return | 16.21 | 22.49 |
Monthly commentary
Data as at 31 Aug 2026
These views represent the opinions of the author(s) at the time of writing and do not constitute investment advice.
Global equities rebounded over the month of August, rallying close to 2% as strong corporate earnings and global economic data lifted investor sentiment. The S&P 500 recorded its best August performance in five years, despite ongoing uncertainty in the Middle East. Broad commodities gained over the month. The Bloomberg Commodity Index experienced a total monthly return of over 6% for a second consecutive month. Gold was a particular standout performer, rising close to 10% over the month as central bank buying and diversification away from the US dollar returned.
The fund increased exposure to equites over the month as investor sentiment reached overly depressed levels in July. The Investment Clock remained in Stagflation during August although this could change quite rapidly depending on the uncertain situation continuing to play out in the Middle East. The funds held a negative tactical view to global government bonds. This preference for stocks over bonds added value over the month.
The fund maintained a positive tactical position in commodities in August and benefitted from the broad move higher in the asset class as geopolitical uncertainty in the Middle East continued. A tactical positive position in gold was added after having been neutral on the asset class since April. This added value over the month.
Fund managers
Trevor Greetham
Head of Multi Asset
Hiroki Hashimoto
Senior Fund Manager
Jake Winterton
Fund Manager
Josh Leaver
Implementation Portfolio Manager
Fund literature
Codes and fees
Share class | ISIN | SEDOL | Launch date | Fee | Min investment |
|---|---|---|---|---|---|
M Acc GBP | GB00BFMWYN99 | BFMWYN9 | 23/11/2018 | 0.550% | £100,000 |
M Inc GBP | GB00BFMWYP14 | BFMWYP1 | 23/11/2018 | 0.550% | £100,000 |
R Acc GBP | GB00BFMWYQ21 | BFMWYQ2 | 23/11/2018 | 0.100% | £0 |
S Acc GBP | GB00BJH7KH38 | BJH7KH3 | 26/03/2019 | 0.100% | £0 |
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.
Country registrations
United KingdomYou may be interested in
Multi Asset
Our risk-controlled multi asset solutions allow investors to select the risk/return profile that best suits them, leaving the day-to-day responsibility to us.
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.
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.
Credit risk
Should the issuer of a fixed income security become unable to make income or capital payments, or their rating is downgraded, the value of that investment will fall. Fixed income securities that have a lower credit rating can pay a higher level of income and have an increased risk of default.
Derivative risk
This fund may undertake transactions in derivatives and forward transactions (both on exchange and over the counter (OTC)). These may include interest rate swaps and interest rate futures for the purposes of meeting the investment objective, protecting the risk to capital, duration and credit management, as well as for hedging. While the discerning use of derivatives can be beneficial, derivatives also involve specific risks. These risks relate specifically to market risk, management risk, credit risk, liquidity risk, the risk of mispricing or improper valuation of derivatives and the risk that derivatives may not correlate perfectly with underlying assets, interest rates and indices. The use of derivative instruments may from time to time alter the economic exposure of the fund causing it to deviate significantly from the performance of the market as a whole. The use of these derivatives will be within the parameters allowed for linked funds by the Financial Conduct Authority and Prudential Regulation Authority.
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.
EPM techniques risk
The Fund may engage in Efficient Portfolio Management (EPM) techniques, including holdings of derivative instruments. Whilst intended to reduce risk, the use of these instruments may expose the Fund to increased price volatility.
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.
Fund investing in funds risk
The Fund is valued using the latest available price for each underlying investment, however it may not fully reflect changing stockmarket conditions and the Fund may apply a ‘fair value price’ to all or part of its portfolio to mitigate this risk. In extreme liquidity conditions, redemptions in the underlying investments, and/or the Fund itself, may be deferred or suspended.
Interest rate risk
Fixed interest securities are particularly affected by trends in interest rates and inflation. If interest rates go up, the value of capital may fall, and vice versa. Inflation will also decrease the real value of capital. Unlike the income from a single fixed interest security, the level of income (yield) from a fund is not fixed and may go up and down. Bond yields (and as a consequence bond prices) are determined by market perception as to the appropriate level of yields given the economic background.
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.
The Fund is a sub-fund of Royal London Multi-Asset Funds ICVC, an open-ended investment company with variable capital with segregated liability between sub-funds, incorporated in England and Wales under registered number IC001058.
The Company is a non-UCITS retail scheme. The Authorised Corporate Director (ACD) is Royal London Unit Trust Managers Limited, authorised and regulated by the Financial Conduct Authority, with firm reference number 144037.
For more information on the fund or the risks of investing, please refer to the Prospectus or Non-UCITS retail scheme Key Investor Information Document (NURS KII Document).
Source: Royal London Asset Management unless otherwise stated.
