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

Sell:122.40p Buy:122.40p Change: 0.30p (0.25%)
Prices as at 21 June 2024
Sell:122.40p
Buy:122.40p
Change: 0.30p (0.25%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 21 June 2024
Sell:122.40p
Buy:122.40p
Change: 0.30p (0.25%)
Prices as at 21 June 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and 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:
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:
Multiple
Fund launch date: 29 March 1999
Sector: GBP Corporate Bond
Fund size: £1,288 million
Number of holdings: 344
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

21/06/19 to 21/06/20 21/06/20 to 21/06/21 21/06/21 to 21/06/22 21/06/22 to 21/06/23 21/06/23 to 21/06/24
Annual return 4.16% 7.40% -11.56% -2.95% 12.92%

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 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 a more...

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 sterlingdenominated corporate bonds. The fund's performance target is to outperform, after the deduction of charges, the iBoxx Sterling Non-Gilt Total Return GBP 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 : 5.41%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 May 2024 1 August 2024 1 November 2024 1 February 2025
Payment date: 30 June 20244 30 September 20244 31 December 20244 31 March 20254

This data is provided by Broadridge. 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 31 March 2024.

Security Weight
GBP FWD FX CONTRACT 05 APR 2024 10.38%
ICF LONG GILT FUTURE Mar24 9.25%
HSBC Bank Fund 5.844% VRN Perp 2.08%
Legal And General Group 5.5% VRN 27/06/2064 1.90%
HSBC Holdings PLC 8.201% VRN 16/11/2034 1.83%
M&G Plc 5.7% VRN 19/12/2063 1.59%
Aviva 6.875% VRN 20/05/2058 1.55%
Assicurazioni Generali 6.269% Perp 1.40%
FUTURES LIABILITY 1.36%
Barclays Bank PLC 6.278% VRN Perp 1.32%
Sector Weight
Bonds 85.58%
Non-Classified 14.57%
Cash and Equiv. -0.15%
Country Weight
United Kingdom 64.51%
Non-Classified 18.14%
France 6.24%
United States 2.22%
Switzerland 1.93%
Ireland 1.47%
Sweden 1.47%
Luxembourg 1.17%
Australia 1.02%
Germany 0.99%

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 21 June 2024. Data provided by Broadridge, correct as at 31 January 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and 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.