Royal Lo...

Price: 126.50 GBP

Change: icon-up-small 0.08%

Royal London Corporate Bond M Inc

Royal London Corporate Bond M Inc



IA Sector:

IA Sterling Corporate Bond

Risk level:


FE fundinfo Rating:

5 of 5



126.50 GBP

03 December 2021

Last change:

icon-up-small 0.08%

1 year change:

icon-up-small 3.50%

5 year annualised return:


12 month yield:


At a glance

At a glance performance and information


Share Dealing Account Yes
ShareBuilder No

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Add to chart:

  • Royal London Corporate Bond M Inc
  • IA Sterling Corporate Bond
  • Markit iBoxx GBP Non Gilts

Discrete calendar year performance

Discrete calendar year performance
Investment 30/09/16 to 30/09/17 30/09/17 to 30/09/18 30/09/18 to 30/09/19 30/09/19 to 30/09/20 30/09/20 to 30/09/21
Royal London Corporate Bond M Inc 2.14% 1.04% 9.54% 3.66% 4.69%
IA Sterling Corporate Bond 0.61% 0.10% 9.02% 4.21% 1.26%
Markit iBoxx GBP Non Gilts -0.20% 0.16% 10.17% 3.82% -0.41%

Trailing returns


Trailing returns
Investment 3 months 6 months 1 year 3 years* 5 years*
Royal London Corporate Bond M Inc -0.01% 2.82% 3.50% 7.04% 5.49%
IA Sterling Corporate Bond -0.65% 1.53% 0.40% 5.55% 4.13%
Markit iBoxx GBP Non Gilts -0.44% 1.88% -0.15% 5.31% 3.90%

Fund Objective: The Fund’s investment objective is to achieve a total return (combination of capital growth and income) over the medium term (3-5 years), by investing at least 80% in sterling-denominated corporate bonds. The Fund's performance target is to outperform, after the deduction of charges, the iBoxx Sterling Non-Gilt Total Return GBP Index over a rolling 5-year period. The Index is considered an appropriate benchmark for Fund performance. In addition to the benchmark for the Fund’s performance, the IA Sterling Corporate Bond sector is considered an appropriate benchmark for performance comparison.

Manager name:

Royal London Unit Tst Mgrs Ltd

Manager start date:

01 March 1999

Investment style:


Region (geographical):

United Kingdom

Manager Biography:

Overall asset allocation is determined by Jonathan Platt. He is supported by RLAM's award-winning Fixed Interest Team. Jonathan brings a wealth of experience and leadership to the Fixed Interest Team at RLAM. He joined the Royal London Group in 1985 and became Head of Fixed Interest in 1992. Jonathan has been instrumental in overseeing the development of the fixed interest process and remains committed to the management of client portfolios. Jonathan has an MA degree in Philosophy, Politics and Economics from Oxford University.


Markit iBoxx GBP Non Gilts


IA Sterling Corporate Bond

FE fundinfo Rating:

5 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge Who receives this? What is it? Amount
Initial charge: The fund manager Charges applied by the fund management company for investing in their fund. 0.00%
Ongoing Charges: The fund manager The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year. 0.56%
Performance Fee: The fund manager A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions. N/A
Typical transaction cost: The fund manager The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading. 0.188%*
Dealing commission: Bank of Scotland The cost of buying or selling some or all of your investment. £9.50 (per online trade)

Asset Allocation

Fund size: 1,421,831,409.71 £

Chart date: December 3, 2021

Top 10 Holdings

Top 10 Holdings
Security Weight
Hm treasury united kingdom dmo 0.25% treasury gilt 31/07/31 gbp0.01 3.20%
Aviva 6.875%/ frn 20/05/58 gbp50000 1.88%
Hsbc bank plc 4.75% subord nts 24/03/46 gbp50000 1.67%
Thames water utilities cayman fin 7.738% bds 09/04/58 gbp100000 1.24%
Hsbc bank plc 5.375% sub nts 22/8/33 gbp(var) 1.16%
M&g plc 5.7% dated tier 2 nts 19/12/63 gbp100000 1.16%
Electricite de france 6% 23/01/2114 1.04%
Hsbc bank plc 5.375% 04/11/2030 1.03%
Electricite de france 5.875% vrn perp 1.00%
Investec bank plc 1.875% call rst snr nts 16/07/28 gbp100000 0.97%


Sectors Weight
Corporate Bonds 28.59%
Financial Services 19.00%
Insurance 14.09%
Property 10.22%
Real Estate 6.44%
Utilities 4.98%
Consumer Services 4.38%
Government Bonds 3.20%
General Industrials 2.71%
Telecommunications 1.37%

World regions

World regions
Country Weight
UK 77.19%
France 4.42%
USA 4.35%
Jersey 2.92%
Netherlands 1.84%
Ireland 1.72%
Cayman Islands 1.71%
Luxembourg 1.21%
Australia 0.94%
Singapore 0.79%

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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