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Royal London Corporate Bond Trust Inclusive - Class A - Income (GBP)

Sell:100.50p Buy:100.50p Change: 0.20p (0.20%)
Prices as at 26 January 2022
Sell:100.50p
Buy:100.50p
Change: 0.20p (0.20%)
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 26 January 2022
Sell:100.50p
Buy:100.50p
Change: 0.20p (0.20%)
Prices as at 26 January 2022
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.

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): 0.69%
Ongoing saving from HL: 0.14% i
Net ongoing charge: 0.55%
There are other unit types of this fund available:
Class Y - Accumulation (GBP) (Net ongoing charge 0.37%)
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: Inclusive
Manager:
Multiple
Fund launch date: 29 March 1999
Launch price: £1.00
Sector: GBP Corporate Bond
Fund size: £1,309 million
Number of holdings: 326
Fund type: OEIC
Accumulation/income: Income
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

26/01/17 to 26/01/18 26/01/18 to 26/01/19 26/01/19 to 26/01/20 26/01/20 to 26/01/21 26/01/21 to 26/01/22
Annual return 6.84% -1.00% 11.64% 4.96% -0.53%

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.

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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...

Our latest article

In this fund update, Investment Analyst Joseph Hill shares our analysis on the manager, process, culture, cost and performance of the Royal London Corporate Bond fund.

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

Underlying yield : 2.70%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 February 2022 1 May 2022 1 August 2022 1 November 2022
Payment date: 31 March 20224 30 June 20224 30 September 20224 31 December 20224

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 June 2021.

Security Weight
0¼% Treasury Gilt 2031 3.13%
Aviva 6.875% VRN 20/05/2058 1.83%
HSBC Bank 4.75% 24/03/2046 1.64%
Thames Water Utilities Finance PLC 7.738% 09/04/58 1.20%
HSBC Bank 5.375% 22/08/2033 1.13%
M&G Plc 5.7% VRN 19/12/2063 1.13%
HSBC Bank 5.375% 04/11/2030 1.01%
Electricite De France 6% 23/01/2114 1.00%
Electricite De France 5.875% VRN Perp 0.98%
Investec PLC 1.875% VRN 16/07/2028 0.95%
Sector Weight
Bonds 94.59%
Non-Classified 3.09%
Cash and Equiv. 2.29%
Alternative Trading Strategies 0.03%
Country Weight
United Kingdom 73.36%
Non-Classified 5.76%
United States 5.44%
France 4.30%
Cash and Equiv. 2.29%
Netherlands 1.54%
Ireland 1.54%
Luxembourg 1.20%
Singapore 0.77%
Australia 0.73%

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 26 January 2022. Data provided by Funds Library, correct as at 31 October 2021.

FundsLibrary
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.