Your investment

From the 1st July 2018, we've updated what you need to do when you make a change to your RLUM Ltd Stocks and Shares ISA/Unit Trust. These include topping up, increasing your regular contributions or switching the funds you're investing in. We now need confirmation that you've read the relevant Key Investor Information Document (KIID) before we can proceed with your instruction.

We also recommend that you read the Supplementary Information Document (SID) which contains our Terms & Conditions and the Costs & Charges Disclosure Documents (CCDD). All these documents, including guidance and application forms are available by visiting our Manage your RLUM ISA or Unit Trust page.

 

Important Information

Visit our Manage your RLUM ISA or Unit Trust page to find our Key Investor Information Documents and Costs & Charges Disclosure Documents. You can also find a copy of our Supplementary Information Document (SID) which details our Terms and Conditions.

You can read more information about our ISAs and Unit Trusts here, and information about our Stocks and Shares ISAs here.

Sustainable Leaders Trust

As you have probably seen the equity market has been volatile recently with a significant increase in prices of commodities such as oil.  Two of the better performing sectors in this environment are mining and oil/energy. The Royal London Sustainable Leaders Fund does not purchase stock in these sectors on sustainability and environmental grounds.

While there has been no change to how the strategy is being managed by the fund managers, not investing in these sectors has led to an increase in the perceived risk of the fund. One way that risk can be looked at is to see how much the price of a fund swings up and down compared to the size of movements in the broader market – in this case, the FTSE All Share Index.

This risk measure, known as tracking error, can be quantified, and we have historically set a limit on how high tracking error can go. In circumstances such as these – where volatility in sectors we don’t own is high, we would have to buy companies in that sector, so that fund movements compared to the index decrease in scale.

Although this would technically reduce this particular risk measure, it would compromise the sustainable ethos of the fund, and, the investment team responsible for the Sustainable Leaders Fund continue to believe it would in fact add risk to your fund as it would now own mining and oil companies. Therefore, in order to maintain the integrity of the strategy we have received regulatory approval to remove the tracking error constraint from the Fund’s prospectus.

We will write to you to advise you of the changes and the date they will take effect. The Fund maintains the same Sustainable investment philosophy and processes prior to this period of market volatility.

Reduction in Annual Management Charge

With effect from 1 January 2021 we have reduced the AMC on the following funds.

Fund Name Previous AMC New AMC
Royal London Corporate Bond Monthly Income Trust A Inc 1.00% 0.75%
Royal London European Growth Trust Inc 1.50% 1.25%
Royal London Sustainable Diversified Trust A Inc 1.50% 1.25%
Royal London Sustainable Leaders Trust A Inc 1.50% 1.25%
Royal London Sustainable World Trust A Inc 1.50% 1.25%
Royal London UK Growth Trust Inc 1.50% 1.25%
Royal London UK Income with Growth Trust Inc 1.50% 1.25%
Royal London US Growth Trust Inc 1.50% 1.25%

 

Keeping you safe from fraud

An Anti–Money Laundering directive has been introduced which means whenever you deal with us we may need to verify your identity or the identity of certain individuals connected to the product. At Royal London we do this electronically to make things easier for you. If you’d like to know more about how we use your information, visit our full privacy notice.

Assessment of Value

Download our recently published assessment of value report [PDF, 2.9MB]

Responsible Investor

RLUM Ltd has retained an investment adviser (Royal London Asset Management Limited (RLAM)) to undertake the service of portfolio management for all schemes, through an Investment Management Agreement. Visit the RLAM website to see how they act as a responsible investor.

Prospectus

Download the RLUM Prospectus (PDF - 0.8MB)

European MiFID Template

MiFID II introduces new obligations on firms. These include the requirement that firms ensure their products and services are designed in a way consistent with the interests of their clients. As part of this, firms are required to provide a description of each of their funds in a European MiFID Template (EMT). You can view the EMTs for RLUM funds on the RLAM website.

Annual & Interim Reports

Copies of the Annual & Interim Reports for the RLUM funds can be found on the RLAM website. Or if you prefer you can ring us on 0345 605 7777 (between 8am - 6pm Monday to Friday excluding bank holidays) to request a copy free of charge.

Ethical and Sustainable Investment Policy

RLUM Ltd maintains an Ethical and Sustainable Investment Policy which is applied to the Sustainable fund range. View a copy of the policy.

This policy may change from time to time to reflect new developments and research in the field of sustainable investment. Investors in the Sustainable fund range will be notified of any material changes to this policy.

Investment glossary

If you aren't sure what something means, our handy investments jargon buster is full of plain English explanations for some of the most commonly used investments terms.

Visit Investment glossary page