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

Sell:119.79p Buy:119.79p Change:

0.08p (0.07%)

Prices as at 12 December 2019

Sell:119.79p

Buy:119.79p

Change:

0.08p (0.07%)

You can buy or sell holdings in this fund through anStocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

Prices as at 12 December 2019

Sell:119.79p

Buy:119.79p

Change:

0.08p (0.07%)

Prices as at 12 December 2019

You can buy or sell holdings in this fund through anStocks 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.

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Charges and Savings

Initial charges
Initial charge:	0.00%
Initial saving from HL:	0.00%
HL dealing charge:	Free
Net initial charge:	0.00%

How initial savings affect the buy price

Annual charges

Performance fee:

Ongoing charge (OCF/TER):

0.84%

Ongoing saving from HL:

0.00%

Net ongoing charge:

0.84%

There are other unit types of this fund available:

Inclusive - Class B - Income (GBP)	(Net ongoing charge 0.84%)
Class Y - Income (GBP)	(Net ongoing charge 0.40%)

HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.

We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.

If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.

In this case, the ongoing saving is 0.00%, of which 0.00% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.

	Non-taxpayer	Basic rate taxpayer	Higher rate taxpayer	Additional rate taxpayer
Ongoing saving from HL:	0.00%	0.00%	0.00%	0.00%
Loyalty bonus:	0.00%	0.00%	0.00%	0.00%
Tax on loyalty bonus:	0.00%	0.00%	0.00%	0.00%
Value of ongoing saving to you:	0.00%	0.00%	0.00%	0.00%

Tax rules can change and benefits depend on individual circumstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.

Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.

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.

HL Guide to fund prices, savings and yields

Please also read the Key Investor Information Document (KIID)

Other Information

Unit type:	Unbundled
Manager:	Eric Holt Eric Holt
Fund launch date:	11 April 2003
Sector:	GBP Strategic Bond
Fund size:	£2,213 million
Number of holdings:	270
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:	No
Minimum regular savings value:	n/a

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Performance

	13/12/14 to 13/12/15	13/12/15 to 13/12/16	13/12/16 to 13/12/17	13/12/17 to 13/12/18	13/12/18 to 13/12/19
Annual return	2.32%	8.20%	15.81%	1.99%	7.95%

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

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

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 :	4.88%
Income paid:	Quarterly
Type of payment:	Interest
Ex-dividend date:	1 January 2020 1 April 2020 1 July 2020 1 October 2020
Payment date:	28 February 2020⁴ 31 May 2020⁴ 31 August 2020⁴ 30 November 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 30 September 2019.

Security	Weight
ELECTRICITE DE FRANCE SA JR SUBORDINA REGS 07/49 VAR	2.29%
CO OP GRP HLDS COMPANY GUAR REGS 07/26 VAR	2.23%
CENTRICA PLC JR SUBORDINA REGS 04/75 VAR	2.04%
EI GROUP PLC 1ST MORTGAGE 09/31 6.375	1.89%
SANTANDER UK PLC JR SUBORDINA 10/49 10.0625	1.87%
M+G PLC SUBORDINATED REGS 12/63 VAR	1.81%
AMEDEO AIR FOUR PLUS LTD	1.78%
INTERGEN NV SR SECURED REGS 06/21 7.5	1.74%
ANGLIAN WATER OSPREY FIN SR SECURED REGS 03/26 4	1.54%
HEATHROW FINANCE PLC SR SECURED REGS 03/27 3.875	1.40%

Sector	Weight
Bonds	90.61%
Non-Classified	3.45%
Industrial Transportation	2.39%
Banks	1.00%
Equity Investment Instruments	0.73%
Non-Renewable Energy	0.67%
Real Estate Investment Trusts	0.55%
Alternative Trading Strategies	0.33%
Food Producers	0.19%
Cash and Equiv.	0.06%

Country	Weight
United Kingdom	67.33%
Non-Classified	6.68%
Norway	6.54%
France	4.98%
Netherlands	3.94%
United States	2.27%
Luxembourg	1.91%
Denmark	1.36%
Sweden	1.11%
Ireland	0.98%

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 12 December 2019. Data provided by Funds Library, correct as at 31 October 2019.

You can buy or sell holdings in this fund through anStocks 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.

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.

Eric Holt
Manager start date	11/04/2003
Manager located in	London