Royal London Sustainable Growth Fund
Share class M Acc GBP
ISIN GB00BMV92360
This fund uses the Sustainability Focus label, which is for funds that invest mainly in assets that focus on sustainability for people or the planet.
Fund objective
The Fund’s financial objective is to achieve capital growth over the medium term, which should be considered as a period of 3-5 years. There is however no certainty or promise that the Fund will achieve this objective. The Fund’s sustainability objective is to invest in companies or issuers that make a positive contribution to one or more of the “Sustainability Themes” (listed below), through their products or services as determined by the Investment Manager using its Sustainability Standard (as defined in the Investment Strategy). Clean, Healthy, Safe and Inclusive. The IA Mixed Investments 40-85% Shares sector is considered an appropriate benchmark for performance comparison purposes.
Fund ratings
| Base currency | GBP |
|---|---|
| Fund launch | 24 May 2022 |
| ISA eligible | Yes |
| SRRI | 5 |
| IA sector |
|---|
| IA Mixed Investment 40-85% Shares |
Performance
Data as at 31 Aug 2026
Royal London Sustainable Growth Fund - M Acc GBP | 43.04% |
IA Mixed Investment 40-85% Shares | 39.26% |
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 mid-day prices, net of fees and gross of taxes, with gross income reinvested unless otherwise stated. The impact of fees reduces your investments. Rolling performance data shown using month end returns. Quartile rank, where displayed, is the IA sector quartile rank for the M Acc GBP share class.
Cumulative
To 31 Aug 2026 | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Launch |
|---|---|---|---|---|---|---|---|---|
M Acc GBP | 0.92 | 0.72 | 3.63 | 14.56 | 43.04 | - | - | 54.20 |
IA sector | 1.84 | 1.92 | 4.20 | 14.91 | 39.35 | - | - | - |
Quartile rank | 4 | 4 | 3 | 3 | 2 | - | - | - |
Annualised
3 years | 5 years | Launch |
|---|---|---|
12.66 | - | 10.66 |
11.70 | - | - |
2 | - | - |
Share class launched on 24 May 2022
Fund breakdowns
Equity | 74.33 |
Fixed Income | 23.11 |
Cash | 2.56 |
Top 10 holdings (%)
Amazon.com, Inc. | 2.98 |
Alphabet Inc. Class A | 2.95 |
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 2.93 |
ASML Holding NV | 2.91 |
Sumitomo Mitsui Financial Group, Inc. | 2.79 |
Banco Bilbao Vizcaya Argentaria, S.A. | 2.76 |
Standard Chartered PLC | 2.68 |
NVIDIA Corporation | 2.53 |
HCA Healthcare Inc | 2.42 |
Visa Inc. Class A | 2.40 |
Total number of holdings | 192 |
Sustainability
ESG characteristics rationale
The Fund’s sustainability objective is to invest in companies or issuers that make a positive contribution to one or more of the “Sustainability Themes” (Clean, Healthy, Safe, Inclusive), through their products or services as determined by the Investment Manager using its “Sustainability Standard”. The Sustainability Standard requires 50% of a company or issuer's revenues to be derived from product or services aligned to one or more of the four Sustainability themes.
Overall, at least 70% of the Fund is invested in sustainable companies or issuers. Up to 30% may be held in non-sustainable companies or Issuers that do not conflict with the sustainability objective for any of the four sustainability themes of the Fund.
Fund exclusions
Royal London Asset Management applies exclusions guidelines - detail of which can be found here.
Climate metrics | Fund | Benchmark | Difference (%) |
|---|---|---|---|
Financed emissions (tCO2e) | 1,714.92 | n/a | n/a |
Financed emissions coverage | 88.76% | n/a | n/a |
Carbon footprint (tCO2e/$M invested) | 10.54 | n/a | n/a |
Carbon footprint coverage | 88.76% | n/a | n/a |
Weighted average carbon intensity (tCO2e/$M sales) | 58.16 | n/a | n/a |
Weighted average carbon intensity coverage | 97.67% | n/a | n/a |
Total engagements by theme and topic
Climate | 13 |
|---|
Climate - Physical Risk | 3 |
Climate - Transition Risk | 10 |
Governance | 1 |
|---|
Corporate Governance | 1 |
Social & Financial Inclusion | 6 |
|---|
Labour & Human Rights | 3 |
Just transition | 2 |
Social & Financial inclusion | 1 |
Technology, Innovation & Society | 1 |
|---|
Technology & Society | 1 |
Total votes | |
|---|---|
| Audit/Financials | 25 |
| Board Related | 124 |
| Capital Management | 19 |
| Changes to Company Statutes | 6 |
| Compensation | 19 |
| M&A | 6 |
| Meeting Administration | 3 |
| Other | 1 |
Total management proposals | 203 |
| SHP: Environment | 4 |
| SHP: Governance | 6 |
| SHP: Social | 7 |
Total shareholders proposals | 17 |
Total: all votes | 220 |
For
We support resolutions that align with our voting guidelines, local market best practice and shareholders' long-term interests.
Against
We oppose resolutions that are not aligned with our voting guidelines, do not follow best practice, or are not deemed to be in the best long-term interests of our clients.
Abstain
We use this option when resolutions fall short of best practice but are not material, to signal initial concerns, or when issues are material but not fundamental and we have yet to raise them with the company. Although a vote for or against a proposal sends a more direct message to a board, we appreciate that not all issues are clear-cut. We use an abstain to signal our initial concerns and invite a dialogue.
Withhold
Where a company does use a plurality approach to electing directors, Royal London Asset Management will use a ‘withhold’ vote to express its opposition to a director (as a vote ‘against’ is not a valid option).
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.
Market performance was initially supported by a strong earnings season, led by large technology companies, but ongoing uncertainty around the Iran conflict fuelled inflation concerns and drove US yields higher. The sterling credit market saw modest positive returns in August, with the spread in yield over government bonds tightening. This offset the effect of a slight fall in gilt prices.
The Fund delivered a positive absolute return in August. Negative contributors included Comfort Systems and Prudential. Positive contributors included BayCurrent, a Japanese consulting firm, as demand for AI and cybersecurity consulting remained strong.
We started a position in Epiroc, a mining equipment provider set to benefit from a multi-year mining investment cycle driven by electrification and AI.
Fund managers
Mike Fox
Head of Equities
George Crowdy
Sustainable Fund Manager
Sebastien Beguelin
Sustainable Fund Manager
Daphne Tsang
Sustainable Fund Manager
Fund literature
Codes and fees
Share class | ISIN | SEDOL | Launch date | Fee | Min investment |
|---|---|---|---|---|---|
M Acc GBP | GB00BMV92360 | BMV9236 | 24/05/2022 | 0.770% | £100,000 |
Z Acc GBP | GB00BMV92477 | BMV9247 | 24/05/2022 | 0.620% | £3,000,000 |
Contact us
For intermediaries
Email: bdsupport@rlam.com
For enquiries: 020 3272 5950
See all contact details
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Sustainable Investing
Our sustainable funds provide exposure to companies demonstrating a net benefit to society, through either the products and services they offer or ESG leadership.
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.
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.
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.
Responsible investment risk
The Fund can only invest in holdings that demonstrate compliance with certain sustainable indicators or ESG characteristics. This reduces the number of securities in which the Fund can invest and there may as a result be occasions where it forgoes more strongly performing investment opportunities, potentially underperforming non-sustainable funds.
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 Equity Funds ICVC, an open-ended investment company with variable capital with segregated liability between sub-funds, incorporated in England and Wales under registered number IC000807.
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 Key Investor Information Document (KIID).
Source: Royal London Asset Management unless otherwise stated.
