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Royal London European Corporate Bond Class Z - Income (GBP)

Sell:123.00p Buy:123.00p Change: 0.60p (0.49%)
Prices as at 26 February 2021
Sell:123.00p
Buy:123.00p
Change: 0.60p (0.49%)
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 February 2021
Sell:123.00p
Buy:123.00p
Change: 0.60p (0.49%)
Prices as at 26 February 2021
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): 0.30%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.30%

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:
Rachid Semaoune
Fund launch date: 13 August 2012
Sector: Global Bonds
Fund size: £98 million
Number of holdings: 293
Fund type: OEIC
Accumulation/income: Income
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: No
Minimum regular savings value: n/a

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Performance

26/02/16 to 26/02/17 26/02/17 to 26/02/18 26/02/18 to 26/02/19 26/02/19 to 26/02/20 26/02/20 to 26/02/21
Annual return 13.07% 5.37% -0.65% 3.54% 3.97%

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 Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

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 investment-grade eurodenominated corporate bonds. The fund's performance target is to outperform, after the deduction of charges, the ICE BofAML Euro Corporate & Pfandbrief Total Return GBP Index (the "Index") over rolling five year periods. For further information on the fund's index, please refer to the Prospectus.

Income Details

Distribution yield : 1.36%
Underlying yield : 1.06%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 May 2021 1 November 2021
Payment date: 30 June 20214 31 December 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 November 2020.

Security Weight
Alpha Trains Finance SA 2.064% 30/06/2030 1.18%
Storebrand Livsforsikring As 6.875% VRN 04/04/2043 1.02%
CNP Assurances 6.875% VRN 30/09/2041 0.92%
Allianz SE 5.625% VRN 17/10/42 0.86%
Statnett SF 1.25% 26/04/2030 0.86%
Granvia AS 4.781% 30/09/2039 0.83%
Aviva Plc 6.125% VRN 05/07/2043 0.81%
Achmea BV 6% Vrn 04/04/2043 0.80%
Investor AB 4.5% 12/05/2023 0.79%
Statkraft AS 1.5% 26/03/2030 0.73%
Sector Weight
Bonds 93.57%
Cash and Equiv. 6.43%
Country Weight
France 22.30%
Netherlands 14.15%
United States 11.41%
Germany 9.07%
United Kingdom 7.09%
Cash and Equiv. 6.43%
Sweden 5.02%
Luxembourg 3.90%
Norway 3.15%
Belgium 2.70%

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 February 2021. Data provided by Funds Library, correct as at 31 December 2020.

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.