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Royal London Global High Yield Bond Class M - Income (GBP)

Sell:80.69p Buy:80.69p Change: 0.03p (0.04%)
Prices as at 15 July 2024
Sell:80.69p
Buy:80.69p
Change: 0.03p (0.04%)
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 15 July 2024
Sell:80.69p
Buy:80.69p
Change: 0.03p (0.04%)
Prices as at 15 July 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.

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): 0.83%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.83%

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: 15 February 2013
Sector: GBP High Yield
Fund size: £2,575 million
Number of holdings: 250
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 17:00
Trustee: State Street Trustees Limited
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

16/07/19 to 16/07/20 16/07/20 to 16/07/21 16/07/21 to 16/07/22 16/07/22 to 16/07/23 16/07/23 to 16/07/24
Annual return -0.04% 12.48% -15.58% 5.33% 9.03%

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 investment objective of the fund is to provide a combination of investment growth and income. The fund seeks to achieve its investment objective by outperforming its benchmark, the BoAML BB-B Global Non-Financial High Yield Constrained Index (the “Benchmark”) by 1% per annum over rolling three year periods.

Income Details

Distribution yield : 5.27%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 1 July 2024 1 January 2025
Payment date: 31 August 20244 28 February 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 August 2023.

Security Weight
2¼% Treasury Gilt 2023 1.40%
LIVE NATION ENTERTAINMEN COMPANY GUAR 144A 10/27 4.75 1.37%
TRANSDIGM INC COMPANY GUAR 11/27 5.5 1.24%
STONEGATE PUB FIN SR SECURED REGS 07/25 8.25 1.15%
APX GROUP INC SR SECURED 144A 02/27 6.75 1.06%
NOVELIS CORP COMPANY GUAR 144A 01/30 4.75 1.03%
TELENET FINANCE LUX NOTE SR SECURED 144A 03/28 5.5 1.01%
AMC NETWORKS INC COMPANY GUAR 08/25 4.75 1.01%
SCIH SALT HOLDINGS INC SR SECURED 144A 05/28 4.875 0.99%
CARNIVAL CORP COMPANY GUAR 144A 03/26 7.625 0.96%
Sector Weight
Bonds 96.10%
Non-Classified 3.63%
Cash and Equiv. 0.27%
Country Weight
United States 44.11%
United Kingdom 14.26%
Netherlands 7.35%
Non-Classified 5.43%
Luxembourg 5.01%
Canada 4.74%
France 3.59%
Germany 3.56%
Italy 1.84%
Ireland 1.43%

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 15 July 2024. Data provided by Broadridge, correct as at 28 February 2023.

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 an ISA or a 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.