Morningstar Fund Report  | 05/04/2025Print

Royal London Emerging Markets Equity Tilt Fund Class R Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Royal London Emerging Markets Equity Tilt Fund Class R Accumulation
Fund-0.7-13.00.213.1-0.1
+/-Cat0.8-0.9-3.95.00.6
+/-B’mrk0.2-5.2-3.84.10.8
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
04/04/2025		 GBX 124.90
Day Change -2.57%
Morningstar Category™ Global Emerging Markets Equity
IA (formerly IMA) Sector Global Emerging Markets
ISIN GB00BZ8FWP04
Fund Size (Mil)
02/01/2025		 GBP 5554.19
Share Class Size (Mil)
28/02/2025		 GBP 5835.78
Max Initial Charge -
Ongoing Charge
17/02/2025		  0.09%
Investment Objective: Royal London Emerging Markets Equity Tilt Fund Class R Accumulation
The Fund’s investment objective is to deliver capital growth and income over the medium term, which should be considered as a period of 3 to 5 years, by primarily investing in shares of emerging market companies listed on major markets globally. The Fund’s performance target is to deliver the performance, after the deduction of charges, of the MSCI Emerging Markets ex China A GBP Net Return Index (the "Index") over rolling 3-year periods. The Fund will invest at least 90% of its assets in shares of companies that belong to the Index.
Returns
Trailing Returns (GBP)04/04/2025
YTD-4.73
3 Years Annualised-1.12
5 Years Annualised5.67
10 Years Annualised-
12 Month Yield 2.30
Management
Manager Name
Start Date
JoJo Chen
04/01/2021
Michael Sprot
04/01/2021
Inception Date
12/06/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM Ex China A NR GBPMorningstar EM TME NR USD
Portfolio Profile for  Royal London Emerging Markets Equity Tilt Fund Class R Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.360.0097.36
Bond0.000.000.00
Property0.000.000.00
Cash12.5310.761.76
Other0.880.000.88
Top 5 Regions%
Asia - Emerging48.81
Asia - Developed29.85
Middle East7.61
Latin America7.52
Africa3.22
Top 5 Sectors%
Financial Services23.98
Technology23.82
Consumer Cyclical12.86
Communication Services10.45
Industrials6.57
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.68
Nyf Msc Emg Mar254.24
Tencent Holdings LtdCommunication ServicesCommunication Services3.97
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical2.29
Samsung Electronics Co LtdTechnologyTechnology2.15
Increase Decrease New since last portfolio
Royal London Emerging Markets Equity Tilt Fund Class R Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Royal London Emerging Markets Equity Tilt Fund Class R Accumulation
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-9.8615.8515.83-0.67-13.010.1713.11-0.08
+/- Category1.411.591.770.78-0.94-3.945.000.60
+/- Category Index-2.401.491.940.19-5.17-3.814.100.80
% Rank in Category3732344059781340
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-2.57   -0.14-0.37
1 Week-6.16   -2.03-2.38
1 Month-5.66   -2.33-2.90
3 Months-6.09   -2.39-2.73
6 Months-7.82   -1.63-1.42
YTD-4.73   -1.92-2.10
1 Year5.22   4.472.68
3 Years Annualised-1.12   -1.80-2.51
5 Years Annualised5.67   -1.04-1.86
10 Years Annualised-   --
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.08---
20242.855.455.09-0.76
20232.16-4.06-0.532.75
2022-3.83-7.19-5.483.12
20214.784.28-6.22-3.06
2020-17.6222.554.469.84
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAverageAbove Average3 star
10-Year--Not Rated
OverallAverageAbove Average3 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.53 %
3-Yr Mean Return1.83 %
 
3-Yr Sharpe Ratio-0.15
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  MSCI EM NR USD
3-Yr Beta1.101.05
3-Yr Alpha-0.93-1.02
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 38850-
Market Capitalisation% of Equity
Giant57.49
Large34.49
Medium7.83
Small0.16
Micro0.02
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.351.04
Price/Book1.580.96
Price/Sales1.420.95
Price/Cash Flow6.531.02
Dividend-Yield Factor3.150.99
 
Long-Term Projected Earnings Growth12.391.18
Historical Earnings Growth3.130.56
Sales Growth4.280.93
Cash-Flow Growth3.130.67
Book-Value Growth7.230.83
 
Category: Global Emerging Markets Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.360.0097.36
Bond0.000.000.00
Property0.000.000.00
Cash12.5310.761.76
Other0.880.000.88
World Regions31/01/2025
 % of EquityRelative to Category
United States0.230.27
Canada0.000.00
Latin America7.520.82
United Kingdom0.000.00
Eurozone0.640.50
Europe - ex Euro0.000.00
Europe - Emerging2.130.97
Africa3.220.93
Middle East7.611.58
Japan0.000.00
Australasia0.00-
Asia - Developed29.851.03
Asia - Emerging48.811.00
 
Category: Global Emerging Markets Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.391.25
Consumer CyclicalConsumer Cyclical12.860.88
Financial ServicesFinancial Services23.980.99
Real EstateReal Estate1.700.87
Consumer DefensiveConsumer Defensive4.400.93
HealthcareHealthcare3.661.04
UtilitiesUtilities2.271.25
Communication ServicesCommunication Services10.451.01
EnergyEnergy4.911.56
IndustrialsIndustrials6.571.01
TechnologyTechnology23.820.96
 
Category: Global Emerging Markets Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings780
Total Number of Bond Holdings0
Assets in Top 10 Holdings29.47
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.68
Nyf Msc Emg Mar25United States4.24
Tencent Holdings Ltd308China3.97
Alibaba Group Holding Ltd Ordinary Sh... 102China2.29
Samsung Electronics Co Ltd311Korea, Republic Of2.15
JPM USD Liquidity LVNAV Select(dist)Luxembourg1.85
Hkg Msc Tai Usd Feb25Hong Kong1.63
HDFC Bank Ltd103India1.38
Meituan Class B102China1.16
Reliance Industries Ltd309India1.10
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyRoyal London Unit Trust Managers Ltd
Phone+442075066500
Websitewww.rlam.co.uk
Address80 Fenchurch Street United Kingdom
 London   EC3M 4BY
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date12/06/2017
Fund Advisor(s)
Royal London Asset Management Ltd
Fund ManagerJoJo Chen
Manager Start Date04/01/2021
Fund ManagerMichael Sprot
Manager Start Date04/01/2021
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.09%
Ongoing Charge0.09%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes