Morningstar Fund Report  | 01/04/2025Print

Aegon Ethical Corporate Bond Fund GBP B Acc

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Aegon Ethical Corporate Bond Fund GBP B Acc
Fund-1.4-18.09.43.21.9
+/-Cat1.30.7-0.31.20.2
+/-B’mrk2.52.6-0.32.20.4
 
Category: GBP Corporate Bond
Category Benchmark: Morningstar UK Corp Bd GR GBP
Key Stats
NAV
31/03/2025		 GBX 202.64
Day Change 0.29%
Morningstar Category™ GBP Corporate Bond
IA (formerly IMA) Sector £ Corporate Bond
ISIN GB00B018K352
Fund Size (Mil)
31/05/2022		 GBP 511.96
Share Class Size (Mil)
28/02/2025		 GBP 294.84
Max Initial Charge -
Ongoing Charge
14/02/2025		  0.48%
Investment Objective: Aegon Ethical Corporate Bond Fund GBP B Acc
The investment objective is to provide a combination of income and capital growth over any 7 year period. 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 will invest at least 80% in a portfolio of investment grade corporate bonds issued anywhere in the world.
Returns
Trailing Returns (GBP)31/03/2025
YTD1.04
3 Years Annualised-0.30
5 Years Annualised0.61
10 Years Annualised1.65
12 Month Yield 3.36
Management
Manager Name
Start Date
Euan McNeil
01/10/2009
Iain Buckle
01/10/2009
Inception Date
03/06/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Markit iBoxx GBP Collateralized&Corp TRMorningstar UK Corp Bd GR GBP
Portfolio Profile for  Aegon Ethical Corporate Bond Fund GBP B Acc28/02/2025
Fixed Income
Effective Maturity8.10
Effective Duration5.83
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond98.020.0098.02
Property0.000.000.00
Cash10.749.910.83
Other1.150.001.15
Growth Of 1000 (GBP) 28/02/2025
Fund:  Aegon Ethical Corporate Bond Fund GBP B Acc
Category:  GBP Corporate Bond
Category Index:  Morningstar UK Corp Bd GR GBP
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-1.898.637.88-1.39-17.999.403.201.95
+/- Category0.42-0.99-0.841.280.72-0.281.170.23
+/- Category Index0.16-2.53-1.572.462.65-0.332.180.41
% Rank in Category2974611951532718
Trailing Returns (GBP)31/03/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.29   0.010.19
1 Week0.18   0.020.07
1 Month-0.89   0.040.45
3 Months1.04   0.270.87
6 Months1.15   1.041.63
YTD1.04   0.270.87
1 Year3.91   1.302.45
3 Years Annualised-0.30   0.201.27
5 Years Annualised0.61   0.151.13
10 Years Annualised1.65   -0.070.30
 
Category: GBP Corporate Bond
Category Index: Morningstar UK Corp Bd GR GBP
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20240.360.112.610.11
20232.30-3.312.038.40
2022-5.61-7.19-10.574.68
2021-2.921.87-0.510.22
2020-3.476.421.783.18
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageBelow Average3 star
10-YearAverageBelow Average3 star
Overall*AverageBelow Average3 star
 
Category :  GBP Corporate BondClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev9.19 %
3-Yr Mean Return0.10 %
 
3-Yr Sharpe Ratio-0.42
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar UK Corp Bd GR GBP  Morningstar UK Corp Bd GR GBP
3-Yr Beta0.840.84
3-Yr Alpha0.280.28
 
Fixed Income Style30/09/2024
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 398
Maturity Distribution %
1 to 39.08
3 to 516.90
5 to 715.46
7 to 1024.98
10 to 1512.27
15 to 204.10
20 to 3011.60
Over 304.84
Effective Maturity8.10
Effective Duration5.83
Credit Quality Breakdown %     %
AAA0.00   BB2.92
AA8.04   B1.82
A30.17   Below B0.00
BBB57.05   Not Rated0.00
 
Category: GBP Corporate Bond
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond98.020.0098.02
Property0.000.000.00
Cash10.749.910.83
Other1.150.001.15
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings148
Assets in Top 10 Holdings15.16
NameSectorCountry% of Assets
United Kingdom of Great Britain and N... United Kingdom3.42
ING Groep N.V. 1.13%Netherlands1.48
United Kingdom of Great Britain and N... United Kingdom1.48
Intesa Sanpaolo S.p.A. 6.63%Italy1.39
Transport For London 5%United Kingdom1.37
Whitbread Group PLC 3%United Kingdom1.30
BPCE SA 6.13%France1.19
KBC Group NV 6.15%Belgium1.19
Lloyds Banking Group PLC 2.71%United Kingdom1.18
United Utilities Water Finance PLC 0.88%United Kingdom1.16
 
Increase Decrease New since last portfolio
Category: GBP Corporate Bond
 
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 Date03/06/2004
Fund Advisor(s)
Aegon Asset Management UK PLC
Fund ManagerEuan McNeil
Manager Start Date01/10/2009
Career Start Year1997
Education
University of Stirling, M.S.
University of Strathclyde
 
Biography
Euan McNeil is an investment manager in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds, which he has been involved in since 2006. Euan also co-manages several institutional portfolios. Euan joined the industry in 1997 and joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.
Fund ManagerIain Buckle
Manager Start Date01/10/2009
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.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.45%
Ongoing Charge0.48%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings10000  GBP
Tax Free Savings Schemes
ISAsYes