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Royal London Absolute Return Government Bond Class M - Accumulation (GBP)

Sell:101.09p Buy:101.09p Change: 0.14p (0.14%)
Prices as at 28 May 2020
Sell:101.09p
Buy:101.09p
Change: 0.14p (0.14%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 28 May 2020
Sell:101.09p
Buy:101.09p
Change: 0.14p (0.14%)
Prices as at 28 May 2020
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.67%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.67%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Paul Rayner
Fund launch date: 17 November 2014
Sector: Targeted Absolute Return
Fund size: £1,336 million
Number of holdings: 148
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 17:00
Trustee: State Street Trustees Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

29/05/15 to 29/05/16 29/05/16 to 29/05/17 29/05/17 to 29/05/18 29/05/18 to 29/05/19 29/05/19 to 29/05/20
Annual return 0.31% -0.03% -0.15% -0.11% 0.89%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments, we believe the Wealth 50 is a good place to start. View funds on the Wealth 50 »

Fund Objective

The investment objective of the fund is to target absolute positive capital growth. The fund seeks to achieve its investment objective by outperforming its benchmark, the Sterling Overnight Index ("SONIA") on an annual basis by between 2.5% and 3% over rolling three year periods and aims to provide positive performance over 12 month periods.

Income Details

Distribution yield : 0.22%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 July 2020 1 January 2021
Payment date: 31 August 20204 28 February 20214

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 April 2020.

Security Weight
4¾% Treasury Stock 2020 11.68%
JAPAN GOVT CPI LINKED SR UNSECURED 03/27 0.1 8.66%
TSY INFL IX N/B 07/24 0.125 8.13%
0 1/8% Index-linked Treasury Gilt 2028 6.00%
FRANCE (GOVT OF) BONDS 144A REGS 05/50 1.5 4.71%
1/8 I-L Treasury 2024 3.69%
JAPAN GOVT CPI LINKED SR UNSECURED 03/26 0.1 3.64%
0 1/8% Index-linked Treasury Gilt 2026 3.54%
904265 IRS GBP R F 3.54980 3.06%
ROYAL BANK OF CANADA COVERED REGS 12/22 VAR 2.49%
Sector Weight
Bonds 93.63%
Cash and Equiv. 4.21%
Non-Classified 2.30%
Alternative Trading Strategies -0.14%
Country Weight
United Kingdom 43.53%
Japan 14.39%
United States 8.25%
Canada 8.10%
France 7.33%
Cash and Equiv. 4.21%
Non-Classified 2.16%
Australia 1.86%
Germany 1.73%
Italy 1.63%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 28 May 2020. Data provided by Funds Library, correct as at 30 November 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.