We're currently experiencing extremely high call volumes. We're very sorry for any inconvenience this might cause. If you need help with your account, please visit our Help Centre, or email us and we’ll get back to you as soon as we can. For more information and tips on managing your account online please visit www.hl.co.uk/coronavirus

We’re experiencing high call volumes, please check FAQs before calling.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Royal London Corporate Bond Trust Class Y - Accumulation (GBP)

Sell:112.60p Buy:112.60p Change: 0.50p (0.45%)
Prices as at 7 April 2020
Sell:112.60p
Buy:112.60p
Change: 0.50p (0.45%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 7 April 2020
Sell:112.60p
Buy:112.60p
Change: 0.50p (0.45%)
Prices as at 7 April 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.
Also available as income units Help

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): 0.56% i
Ongoing saving from HL: 0.19% i
Net ongoing charge: 0.37%
There are other unit types of this fund available:
Inclusive - Class A - Income (GBP) (Net ongoing charge 0.55%)
Class Y - Income (GBP) (Net ongoing charge 0.37%)

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:
Jonathan Platt
Fund launch date: 29 March 1999
Sector: GBP Corporate Bond
Fund size: £1,505 million
Number of holdings: 352
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Ready to invest?

To invest in , you'll need to have an account. Try our handy filter to explore the different options.

Compare accounts

Ready to take your first step?

To invest in , you'll need to open an account. Try our handy filter and find out which suits you best.

Compare accounts

Performance

07/04/15 to 07/04/16 07/04/16 to 07/04/17 07/04/17 to 07/04/18 07/04/18 to 07/04/19 07/04/19 to 07/04/20
Annual return n/a n/a 2.92% 3.59% 2.74%

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

HL Research

We rate Jonathan Platt, Shalin Shah, and the bond team at Royal London highly. They're prepared to invest in parts of the bond market a lot of other investors ignore. Looking in under-researched areas throws up opportunities to boost returns, but it can add risk, so we view this as...

Fund Objective

The fund's investment objective is to achieve a total return over the medium term (3-5 years), by investing at least 80% in sterling-denominated corporate bonds.The fund's performance target is to outperform the Markit iBoxx Sterling Non-Gilt Overall All Maturity Index (the "Index") over a rolling 5-year period. For further information on the fund's index, please refer to the Prospectus.

Income Details

Distribution yield : 3.18%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date:
Payment date:

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 November 2019.

Security Weight
FUTURES LIABILITY 7.20%
GBP FWD FX CONTRACT 17 APR 2020 3.90%
FUTURES LIABILITY 1.73%
Aviva 6.875% VRN 20/05/2058 1.52%
HSBC Bank 5.375% 22/08/2033 1.40%
Thames Water Utilities Finance PLC 7.738% 09/04/58 1.15%
Lloyds Bank Plc 6% 08/02/2029 1.06%
HSBC Bank 4.75% 24/03/2046 1.03%
M&G Plc 5.7% VRN 19/12/2063 0.88%
Cooperatieve Rabobank UA 6.91% VRN PERP 0.86%
Sector Weight
Bonds 88.01%
Non-Classified 12.53%
Cash and Equiv. -0.54%
Country Weight
United Kingdom 68.84%
Non-Classified 15.17%
United States 5.14%
France 2.62%
Netherlands 2.22%
Australia 1.50%
Ireland 1.26%
Luxembourg 0.99%
Italy 0.65%
Sweden 0.51%

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 7 April 2020. Data provided by Funds Library, correct as at 29 February 2020.

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.