Royal London Sustainable Managed Growth Trust
Share class C Acc GBP
ISIN GB00B8H7XS88
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 a total return over the medium term, which should be considered as a period of 3-5 years.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 Adviser using its “Sustainability Standard”.
Fund ratings
| Base currency | GBP |
|---|---|
| Fund launch | 04 Dec 2012 |
| ISA eligible | Yes |
| SRRI | 4 |
| IA sector |
|---|
| IA Mixed Investment 0-35% Shares |
Performance
Data as at 31 Aug 2026
Royal London Sustainable Managed Growth Trust - C Acc GBP | 6.79% |
IA Mixed Investment 0-35% Shares | 11.14% |
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 C Acc GBP share class.
Cumulative
To 31 Aug 2026 | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Launch |
|---|---|---|---|---|---|---|---|---|
C Acc GBP | 0.35 | 0.35 | -0.30 | 5.54 | 24.75 | 6.79 | 47.95 | 98.10 |
IA sector | 0.91 | 0.74 | 0.89 | 7.33 | 22.72 | 11.15 | 31.35 | - |
Quartile rank | 4 | 4 | 4 | 4 | 2 | 4 | - | - |
Annualised
3 years | 5 years | Launch |
|---|---|---|
7.64 | 1.32 | 5.10 |
7.06 | 2.14 | - |
2 | 4 | - |
Share class launched on 04 Dec 2012
Fund breakdowns
Fixed Income | 71.26 |
Equity | 26.12 |
Cash | 2.62 |
Top 10 holdings (%)
United Kingdom Gilt 3.75% 22/10/2053 | 1.55 |
Aviva 6.875% VRN 20/05/2058 | 1.36 |
M&G Plc 5.7% VRN 19/12/2063 | 1.35 |
HSBC Bank Fund 5.844% VRN Perp | 1.13 |
British Land Co 5.264% 24/9/2035 | 0.91 |
Visa Inc. Class A | 0.90 |
Amazon.com, Inc. | 0.87 |
HSBC Holdings PLC 8.201% VRN 16/11/2034 | 0.87 |
ASML Holding NV | 0.87 |
Standard Chartered PLC | 0.84 |
Total number of holdings | 274 |
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) | 7,432.66 | n/a | n/a |
Financed emissions coverage | 65.11% | n/a | n/a |
Carbon footprint (tCO2e/$M invested) | 8.74 | 21.97 | (60.20) |
Carbon footprint coverage | 65.11% | 87.18% | (25.32) |
Weighted average carbon intensity (tCO2e/$M sales) | 34.26 | 59.59 | (42.51) |
Weighted average carbon intensity coverage | 92.94% | 95.34% | (2.52) |
Total engagements by theme and topic
Biodiversity | 3 |
|---|
Biodiversity | 3 |
Climate | 14 |
|---|
Climate - Physical Risk | 3 |
Climate - Transition Risk | 11 |
Governance | 3 |
|---|
Board | 2 |
Corporate Governance | 1 |
Social & Financial Inclusion | 6 |
|---|
Labour & Human Rights | 3 |
Just transition | 2 |
Social & Financial inclusion | 1 |
Technology, Innovation & Society | 2 |
|---|
Technology & Society | 2 |
Total votes | |
|---|---|
| Audit/Financials | 31 |
| Board Related | 136 |
| Capital Management | 22 |
| Changes to Company Statutes | 6 |
| Compensation | 17 |
| M&A | 6 |
| Meeting Administration | 2 |
| Other | 2 |
Total management proposals | 222 |
| SHP: Environment | 4 |
| SHP: Governance | 7 |
| SHP: Social | 7 |
Total shareholders proposals | 18 |
Total: all votes | 240 |
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.
Government bond yields broadly continued to edge higher in August. Global credit markets strengthened during the month, with stable investment grade spreads supported by good demand despite heavy technology-sector issuance. Corporate credit was a notable outperformer during the month, and high yield spreads narrowed to their lowest level over the past 12 months.
The fund saw positive returns for August. The credit exposure outperformed the wider sterling investment grade credit market, driven by both sector allocation and stock selection. In equities, our exposure had a negative impact on returns, with positive contributions from Microsoft and NVIDIA offset by negative returns from holdings in Infineon Technologies, Comfort Systems and Broadcom.
The all-in yield available in the sterling credit market remains attractive and, despite tighter credit spreads, continues to provide adequate compensation for default risk. Driven by our longstanding credit philosophy, we remain confident in our ability to achieve an attractive yield premium in the portfolio while delivering on the fund's sustainability objective, maintaining a high degree of diversification across both sectors and issuers, and retaining a bias towards secured debt that provides additional downside protection.
Fund managers
Shalin Shah
Senior Fund Manager
Matt Franklin
Senior Fund Manager
Fund literature
Codes and fees
Share class | ISIN | SEDOL | Launch date | Ongoing Charge | Min investment |
|---|---|---|---|---|---|
C Acc GBP | GB00B8H7XS88 | B8H7XS8 | 04/12/2012 | 0.670% | £1,000 |
C Inc GBP | GB00B8K34M44 | B8K34M4 | 04/12/2012 | 0.670% | £1,000 |
B Acc GBP | GB00B6YBY313 | B6YBY31 | 04/12/2012 | 0.920% | £1,000 |
B Inc GBP | GB00B7SKBL82 | B7SKBL8 | 04/12/2012 | 0.920% | £1,000 |
B Gross Acc GBP | GB00B8J4HG32 | B8J4HG3 | 04/12/2012 | 0.920% | £1,000 |
B Gross Inc GBP | GB00B8KHTK93 | B8KHTK9 | 04/12/2012 | 0.920% | £1,000 |
D Acc GBP | GB00B6ZNVX59 | B6ZNVX5 | 04/12/2012 | 0.570% | £3,000,000 |
D Inc GBP | GB00B7MXGZ25 | B7MXGZ2 | 04/12/2012 | 0.570% | £3,000,000 |
Contact us
For intermediaries
Email: bdsupport@rlam.com
For enquiries: 020 3272 5950
Telephone calls and written communications may be recorded and monitored. For further information please see the privacy policy.
Country registrations
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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.
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.
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.
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.
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.
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 Trust is an authorised unit trust scheme. The Manager is RLUM Limited, authorised and regulated by the Financial Conduct Authority, with firm reference number 144032.
For more information on the Trust or the risks of investing, please refer to the Prospectus or Key Investor Information Document (KIID).
The portfolio has no index as a comparison.
Source: Royal London Asset Management unless otherwise stated.
