Ethical Corporate Bond Fund

A sub fund of Aegon Asset Management UK ICVC

ISIN: GB00B018K352 SEDOL: B018K35

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Fund description

The Aegon Ethical Corporate Bond Fund is an actively managed fund investing in sterling-denominated corporate bonds. The fund sits within our Ethical range of products and uses established approach using client-led exclusion criteria to screen out controversial industries and activities.

Key performance drivers

  • Ethical, exclusion-based screening - Our ethical screening process evaluates the effects that certain companies’ activities, products and services can have on the environment and society at large. The screening criteria are reviewed every two years by consultation with investors and intermediaries.
  • High conviction stock selection - Our rigorous stock selection process ensures every bond earns its place in a concentrated portfolio. 
  • Tactical duration management - We actively manage duration exposure in the strategy using our top-down macro economic view and interest rate outlook and duration positioning is adjusted accordingly using derivatives.

Distinguishing characteristics

  • Experienced team - Portfolio managers Iain Buckle and Euan McNeil have ran the fund together for nearly a decade, following the same successful, tried and tested process put in place in 2000. 
  • Responsible Investment solution with clear ‘ethical’ remit: This fund offers investors an exclusion based solution with one of the strictest ethical screening criteria in the market
  • Strong responsible investment credentials: We have a dedicated global Responsible Investment team of 14 professionals who support our ESG integration, active ownership and engagement activities. Within that team, we have dedicated individuals who support the ethical screening process that sits behind this fund and our successful Ethical product range.

Fund price




Valuation Point


Central European Time, (GMT+01)

Fund details


Investors are invited to compare the Fund’s performance against the performance of other funds within the Investment Association Sterling Corporate Bond Sector. Comparison of the Fund against this Sector will give investors an indication of how the Fund is performing compared with Funds investing in a similar but not identical investment universe and comprising ethical and non-ethically screened funds, demonstrating the value of the Fund’s ethical screen against non-ethically screened funds. This comparison should be performed over at least a 7 year period to provide the most useful long term comparison.

Source: Lipper. Aegon Ethical Corporate Bond Class B Accumulation GBP, NAV to NAV, noon prices, income reinvested, net of ongoing charges, excluding entry or exit charges, net of 20% income tax in periods before 06/04/2017.  Investment Association Sterling Corporate Bond Sector average source: Lipper. Note: peer group benchmarks have noon prices and index benchmarks have close of day prices.  The Fund was launched on 28-04-2000.  Since inception returns are available on the fund factsheet.

Fund managers

Euan McNeil

Euan McNeil

Portfolio Manager

Euan McNeil, portfolio manager, is a member of the investment grade portfolio management team.

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Iain Buckle

Iain Buckle

Head of Credit UK

Iain Buckle, head of credit UK, is responsible for overseeing all core fixed income portfolios managed by Aegon AM UK.

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Past performance is not a guide to future performance. The fund is intended to be a long term investment and the principal risk is the loss of capital.


The value of investments and the income from them may go down as well as up and is not guaranteed. Outcomes, including the payment of income, are not guaranteed.

Any investment objective, benchmark and yield information should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Fund Charges are taken from capital, increasing distributions but constraining capital growth. Please be aware that each fund presents its own risk profile. Before making an investment decision, please read the KIID for an explanation and refer to the prospectus for information about all relevant risks, including all material risks for this fund.

Aegon Asset Management is not responsible for the accuracy or completeness of the information supplied by Lipper. Aegon Asset Management neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.