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

Sell:101.15p Buy:101.15p Change: 0.16p (0.16%)
Prices as at 17 October 2019
Sell:101.15p
Buy:101.15p
Change: 0.16p (0.16%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 17 October 2019
Sell:101.15p
Buy:101.15p
Change: 0.16p (0.16%)
Prices as at 17 October 2019
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): 0.68%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.68%

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: £1,371 million
Number of holdings: 146
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

18/10/14 to 18/10/15 18/10/15 to 18/10/16 18/10/16 to 18/10/17 18/10/17 to 18/10/18 18/10/18 to 18/10/19
Annual return n/a -0.21% 0.20% -0.19% 1.13%

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 Wealth 50 funds are superior alternatives. 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

Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 January 2020 1 July 2020
Payment date: 28 February 20204 31 August 20204

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. There is currently no yield information available for this fund.

Security Weight
TSY INFL IX N/B 07/24 0.125 11.33%
JAPAN GOVT CPI LINKED SR UNSECURED 03/27 0.1 9.07%
T1S166083 TRS USD R F .00000 TRS BUY BOND CITI 20200115 8.38%
S86375 IRS SEK R F .00511 IRS SELL CCP CITI 20290826 6.63%
B86397 IRS EUR R V 06MEURIB IRS BUY CCP CITI 20290826 6.49%
BONOS Y OBLIG DEL ESTADO SR UNSECURED 144A REGS 04/25 1 6.24%
FRANCE (GOVT OF) BONDS REGS 03/29 0.1 6.21%
T1S167802 TRS EUR R F .00000 TRS BUY BOND CITI 20191012 5.20%
T1S168391 TRS GBP R F .73000 TRS SELL BOND CITI 20191016 4.74%
T1S170641 TRS GBP R F .70000 TRS SELL BOND CITI 20191030 4.00%
Sector Weight
Bonds 97.41%
Cash and Equiv. 2.62%
Non-Classified -0.03%
Country Weight
Japan 18.37%
United States 17.64%
United Kingdom 15.10%
Canada 10.41%
France 10.18%
Spain 9.32%
Italy 3.82%
Netherlands 2.68%
Cash and Equiv. 2.62%
Belgium 2.53%

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 17 October 2019. Data provided by Funds Library, correct as at 30 September 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.