Royal London Corporate Bond Trust Income Units
At a glance
| Initial charge | 3.00% |
|---|---|
| Initial saving | 3.00% |
| Annual charge | 0.90% |
| Annual saving | 0.000% ² |
| Total Expense Ratio | 0.93% |
| Launch date | 29-03-1999 |
| Launch price | £1.00 |
| Sector | GBP Corporate Bond |
| Fund size | £303 million |
| Number of holdings | 168 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Higher quality corporate bonds have come under severe pressure this year as a knock on effect from the problems in the banking sector. While the managers believe recent government intervention is positive they are still cautious about the economic outlook. They are therefore placing emphasis on bonds with greater security and covenants attached to them. With this in mind the fund should perform well over the long term.
Full research
About the Fund Manager
Sajiv Vaid
Located in: London
Sajiv is a fund manager on the Fixed Interest team and has ten years experience working in global government and credit markets. He was appointed in 2000 and is responsible for managing corporate bond portfolios for institutional and retail clients. Sajiv graduated from the University of Hull in 1991 in Economic & Social History and holds an MA in Modern International Studies from the University of Leeds. Sajiv is AA rated by Citywire.
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Income details
| Distribution yield | 7.19% |
|---|---|
| Underlying yield | 5.88% |
| Income paid | Quarterly |
| Type of payment | Interest |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 28 February 2008 |
|---|---|
| Payment date ³ | 30 April 2008 |
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Top 10 holdings
| DECO FRN 27/01/2020 | 1.57% |
|---|---|
| Annington Finance No.1 8% 02/10/2021 | 1.40% |
| Santander 7.005% VRN Perp | 1.36% |
| Unifund 5.32% 07/12/2047 | 1.19% |
| National Air Traffic 5.25% 31/03/2026 | 1.17% |
| Stirling Water 5.822% 26/09/2026 | 1.13% |
| Citigroup 6.829% VRN 28/06/2067 | 1.11% |
| Progress Health 5.581% 02/10/2042 | 1.10% |
| HBOS 6.0884% VRN Perp | 1.10% |
| Premier Trans Fin 5.2022% 31/03/2030 | 1.06% |
Top 10 sectors
| Bonds | 96.30% |
|---|---|
| Non-Classified | 3.81% |
| Cash and Equiv. | -0.11% |
Top 10 countries
| United Kingdom | 71.26% |
|---|---|
| United States | 7.18% |
| Ireland | 4.15% |
| Non-Classified | 2.94% |
| Netherlands | 2.60% |
| Sweden | 1.91% |
| Spain | 1.91% |
| Australia | 1.81% |
| Canada | 1.13% |
| Italy | 1.12% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or 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.
Last valuation as at 21-11-2008. Data accurate as at 31/05/2008.
