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Royal London Sterling Extra Yield Bond Inclusive - Class B - Income (GBP)

Sell:116.04p Buy:116.04p Change: 0.17p (0.15%)
Prices as at 11 October 2019
Sell:116.04p
Buy:116.04p
Change: 0.17p (0.15%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 11 October 2019
Sell:116.04p
Buy:116.04p
Change: 0.17p (0.15%)
Prices as at 11 October 2019
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.

Charges and Savings

Initial charges
Initial charge: 4.00%
Initial saving from HL: 4.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.33%
Ongoing saving from HL: 0.50% i
Net ongoing charge: 0.83%
There are other unit types of this fund available:
Class Y - Income (GBP) (Net ongoing charge 0.40%)

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:
Eric Holt
Fund launch date: 11 April 2003
Launch price: £1.00
Sector: GBP Strategic Bond
Fund size: £2,112 million
Number of holdings: 262
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: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

11/10/14 to 11/10/15 11/10/15 to 11/10/16 11/10/16 to 11/10/17 11/10/17 to 11/10/18 11/10/18 to 11/10/19
Annual return 1.16% 9.39% 12.44% 4.23% 4.55%

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 think this fund is an excellent choice for a high income from corporate bonds. We like the fact Eric Holt and his team invest in a wide range of bonds in different sectors and from different companies. They also look in areas ignored by many other bond investors and...

Fund Objective

The investment objective of the fund is to achieve a high level of income. The fund seeks to achieve a gross redemption yield (GRY) of 1.25 times the gross redemption yield of the FTSE Actuaries British Government 15 Year index.

Income Details

Distribution yield : 4.42%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 October 2019 1 January 2020 1 April 2020 1 July 2020
Payment date: 30 November 20194 28 February 20204 31 May 20204 31 August 20204

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 31 August 2019.

Security Weight
ELECTRICITE DE FRANCE SA JR SUBORDINA REGS 07/49 VAR 2.17%
CO OP GRP HLDS COMPANY GUAR REGS 07/26 VAR 2.10%
CENTRICA PLC JR SUBORDINA REGS 04/75 VAR 2.05%
SANTANDER UK PLC JR SUBORDINA 10/49 10.0625 1.95%
EI GROUP PLC 1ST MORTGAGE 09/31 6.375 1.92%
PRUDENTIAL PLC SUBORDINATED REGS 12/63 VAR 1.86%
INTERGEN NV SR SECURED REGS 06/21 7.5 1.83%
ANGLIAN WATER OSPREY FIN SR SECURED REGS 03/26 4 1.53%
HEATHROW FINANCE PLC SR SECURED REGS 03/27 3.875 1.46%
PHOENIX GRP HLD PLC JR SUBORDINA REGS 12/49 VAR 1.35%
Sector Weight
Bonds 91.17%
Non-Classified 3.44%
Industrial Transportation 1.89%
Banks 1.03%
Non-Renewable Energy 0.79%
Equity Investment Instruments 0.79%
Real Estate Investment Trusts 0.59%
Alternative Trading Strategies 0.35%
Food Producers 0.19%
Cash and Equiv. -0.23%
Country Weight
United Kingdom 66.75%
Norway 6.93%
Non-Classified 6.79%
France 4.94%
Netherlands 4.20%
Luxembourg 2.37%
United States 2.10%
Sweden 1.21%
Ireland 1.06%
Canada 0.95%

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 11 October 2019. Data provided by Funds Library, correct as at 30 September 2019.

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.