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

Sell:117.02p Buy:117.02p Change: 0.21p (0.18%)
Prices as at 21 March 2019
Sell:117.02p
Buy:117.02p
Change: 0.21p (0.18%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 21 March 2019
Sell:117.02p
Buy:117.02p
Change: 0.21p (0.18%)
Prices as at 21 March 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: £1,830 million
Number of holdings: 237
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

Performance

22/03/14 to 22/03/15 22/03/15 to 22/03/16 22/03/16 to 22/03/17 22/03/17 to 22/03/18 22/03/18 to 22/03/19
Annual return 5.83% -1.26% 16.08% 7.69% 4.06%

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

To achieve a higher income that, over the long term (7 years), is 1.25 times greater than the income of the FTSE Actuaries British Government 15 Year Index.

Income Details

Distribution yield : 4.47%
Underlying yield : 5.02%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 1 April 2019 1 July 2019 1 October 2019 1 January 2020
Payment date: 31 May 20194 31 August 20194 30 November 20194 28 February 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 March 2014.

Security Weight
SANTANDER UK PLC JR SUBORDINA 10/49 10.0625 2.27%
EI GROUP PLC 1ST MORTGAGE 09/31 6.375 2.21%
ELECTRICITE DE FRANCE SA JR SUBORDINA REGS 07/49 VAR 2.15%
CO OP GRP HLDS COMPANY GUAR REGS 07/26 VAR 2.13%
INTERGEN NV SR SECURED REGS 06/21 7.5 2.07%
Amedeo Air Four Plus 1.76%
ANGLIAN WATER OSPREY FIN SR SECURED REGS 03/26 4 1.67%
HEATHROW FINANCE PLC SR SECURED REGS 03/27 3.875 1.53%
PREMIERTEL PLC SECURED 05/32 6.175 1.42%
CENTRICA PLC JR SUBORDINA REGS 04/75 VAR 1.41%
Sector Weight
Bonds 90.49%
Non-Classified 4.25%
Industrial Transportation 2.69%
Oil & Gas Producers 0.90%
Banks 0.66%
Real Estate Investment Trusts 0.60%
Cash and Equiv. 0.29%
Oil Equipment, Services & Distribution 0.13%
Alternative Trading Strategies 0.00%
Country Weight
United Kingdom 65.94%
Norway 7.01%
Non-Classified 6.10%
France 5.30%
Netherlands 4.94%
United States 2.20%
Luxembourg 1.86%
Denmark 1.20%
Canada 1.13%
Direct Property and REITs 0.60%

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 March 2019. Data provided by Funds Library, correct as at 31 December 2018.

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.