Morningstar Fund Report  | 13/04/2025Print

Aegon Ethical Cautious Managed Fund GBP B Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Aegon Ethical Cautious Managed Fund GBP B Inc
Fund9.2-20.012.05.0-2.9
+/-Cat1.2-9.54.5-1.7-2.8
+/-B’mrk1.2-10.72.8-3.6-2.8
 
Category: GBP Allocation 40-60% Equity
Category Benchmark: Morningstar UK Mod Tgt Allo...
Key Stats
NAV
11/04/2025		 GBX 114.45
Day Change -0.50%
Morningstar Category™ GBP Allocation 40-60% Equity
IA (formerly IMA) Sector Mixed Investment 20-60% Shares
ISIN GB00B7TCPG66
Fund Size (Mil)
31/03/2025		 GBP 186.56
Share Class Size (Mil)
31/03/2025		 GBP 169.57
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.78%
Morningstar Research
Analyst Report28/02/2025
Morningstar Manager Research,
Morningstar, Inc

Aegon Ethical Cautious Managed is run by a long-standing duo employing a consistent, ethicallyscreened investment process. Comanagers Audrey Ryan and Iain Buckle have been a steady presence despite wider team turnover in the past. All share...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process24
Performance
Price
Investment Objective: Aegon Ethical Cautious Managed Fund GBP B Inc
The investment objective is to provide a combination of income and capital growth over any 7 year period. To invest in a diversified portfolio of equities denominated in any currency; and corporate bonds which may be denominated in non-Sterling up to a maximum of 20% and issued anywhere in the world. The Fund operates an ethical screen which means that the Fund will limit or avoid investment in companies that are involved in or exposed to activities that may be considered as having an adverse effect either on society or the environment and are commonly considered as unethical. The Fund’s ethical criteria defines the initial investment universe (‘Criteria’). The Fund is actively managed and the portfolio may at any one time be allocated more towards equities or bonds depending on the ACD’s view on the current market conditions
Returns
Trailing Returns (GBP)11/04/2025
YTD-5.70
3 Years Annualised0.00
5 Years Annualised2.20
10 Years Annualised1.60
12 Month Yield 2.44
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Iain Buckle
01/05/2010
Audrey Ryan
01/03/2007
Inception Date
14/05/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Mixed Investment 20-60% SharesMorningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  Aegon Ethical Cautious Managed Fund GBP B Inc28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock55.890.0055.89
Bond43.390.0043.39
Property0.000.000.00
Cash2.441.710.73
Other0.000.000.00
Fixed Income
Effective Maturity2.97
Effective Duration2.15
Top 5 Regions%
United Kingdom97.58
United States2.42
Canada0.00
Latin America0.00
Eurozone0.00
Top 5 Sectors%
Financial Services26.83
Industrials24.94
Technology14.17
Consumer Cyclical9.99
Communication Services8.49
Top 5 HoldingsSector%
RELX PLCIndustrialsIndustrials2.86
London Stock Exchange Group PLCFinancial ServicesFinancial Services2.75
NatWest Group PLCFinancial ServicesFinancial Services2.48
Experian PLCIndustrialsIndustrials2.14
SSE PLCUtilitiesUtilities1.91
Increase Decrease New since last portfolio
Aegon Ethical Cautious Managed Fund GBP B Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Aegon Ethical Cautious Managed Fund GBP B Inc
Category:  GBP Allocation 40-60% Equity
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.3817.832.239.25-20.0012.034.99-2.91
+/- Category-4.905.42-1.851.18-9.544.50-1.75-2.77
+/- Category Index---3.061.25-10.742.76-3.57-2.81
% Rank in Category98566339887898
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.50   -0.35-0.70
1 Week-0.33   1.12-0.37
1 Month-3.01   0.62-0.33
3 Months-3.51   0.05-0.15
6 Months-6.11   -2.80-3.65
YTD-5.70   -2.31-2.51
1 Year-0.73   -1.59-2.95
3 Years Annualised0.00   -1.20-2.97
5 Years Annualised2.20   -2.36-2.68
10 Years Annualised1.60   -1.38-2.75
 
Category: GBP Allocation 40-60% Equity
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.91---
20240.992.243.63-1.88
20232.29-1.520.4210.75
2022-10.24-10.73-6.757.08
20210.904.742.390.96
2020-14.119.510.837.79
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh1 star
5-YearLowHigh1 star
10-YearBelow AverageHigh1 star
OverallBelow AverageHigh1 star
 
Category :  GBP Allocation 40-60% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.05 %
3-Yr Mean Return1.30 %
 
3-Yr Sharpe Ratio-0.22
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar UK SMID Cap TME NR GBP
3-Yr Beta1.460.70
3-Yr Alpha-2.48-2.90
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 5719-
Market Capitalisation% of Equity
Giant10.03
Large23.45
Medium28.41
Small35.66
Micro2.46
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.920.89
Price/Book2.070.81
Price/Sales1.760.96
Price/Cash Flow12.391.09
Dividend-Yield Factor3.171.30
 
Long-Term Projected Earnings Growth9.961.03
Historical Earnings Growth-3.32-0.48
Sales Growth0.860.14
Cash-Flow Growth2.420.51
Book-Value Growth2.650.47
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style31/12/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 197
Maturity Distribution %
1 to 320.40
3 to 519.22
5 to 711.88
7 to 1016.95
10 to 1510.59
15 to 206.75
20 to 306.91
Over 302.90
Effective Maturity2.97
Effective Duration2.15
Credit Quality Breakdown %     %
AAA0.84   BB0.60
AA4.99   B0.40
A15.61   Below B0.00
BBB19.61   Not Rated57.93
 
Category: GBP Allocation 40-60% Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock55.890.0055.89
Bond43.390.0043.39
Property0.000.000.00
Cash2.441.710.73
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States2.420.05
Canada0.000.00
Latin America0.000.00
United Kingdom97.584.67
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: GBP Allocation 40-60% Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.920.28
Consumer CyclicalConsumer Cyclical9.990.97
Financial ServicesFinancial Services26.831.51
Real EstateReal Estate5.921.28
HealthcareHealthcare1.940.18
UtilitiesUtilities6.802.17
Communication ServicesCommunication Services8.491.24
IndustrialsIndustrials24.942.05
TechnologyTechnology14.170.71
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings53
Total Number of Bond Holdings96
Assets in Top 10 Holdings20.97
NameSectorCountry% of Assets
RELX PLC310United Kingdom2.86
London Stock Exchange Group PLC103United Kingdom2.75
NatWest Group PLC103United Kingdom2.48
Experian PLC310United Kingdom2.14
SSE PLC207United Kingdom1.91
National Grid PLC207United Kingdom1.89
Deutsche Bahn Finance GmbH (Berlin) 3... Germany1.83
Diploma PLC310United Kingdom1.80
JTC PLC Ordinary Shares103United Kingdom1.69
Informa PLC308United Kingdom1.62
 
Increase Decrease New since last portfolio
Category: GBP Allocation 40-60% Equity
 
Management
Name of CompanyAegon Asset Management UK PLC
Phone+353 1 622 4493
Websitehttps://www.aegonam.com/
Address3 Lochside Crescent
 Edinburgh   EH12 9SA
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date14/05/2013
Fund Advisor(s)
Aegon Asset Management UK PLC
Fund ManagerIain Buckle
Manager Start Date01/05/2010
Career Start Year1997
Education
Heriot Watt University, B.A./B.S.
 
Biography
Iain Buckle is an investment manager in the Fixed Income team. As an experienced investment manager, Iain is responsible for overseeing all investment grade credit portfolios. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include pooled and segregated mandates, both actively managed and buy & maintain. He is also responsible for the credit analysis of securitised and property related fixed income assets. Iain joined the industry in 1997 and joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University.
Fund ManagerAudrey Ryan
Manager Start Date01/03/2007
Career Start Year1995
Education
NA
NA, M.S.
 
Biography
Audrey Ryan is an investment manager in the Equities team with responsibility for managing several funds. In addition, Audrey has analysis duties for the travel & leisure sector and is a small-cap specialist. She joined the industry in 1995 and us in 1997 from General Accident where she was a UK small companies portfolio manager. Audrey studied Accounting at Napier University, is a qualified chartered accountant and has an MSc in Investment Analysis.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.78%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings10000  GBP
Tax Free Savings Schemes
ISAsYes