Royal London Sterl Extra Yld Bd A (FUND:3257148) - Overview

Fund Report

Royal London Sterling Extra Yield Bond Fund A

Key Stats
Morningstar® CategoryGBP Flexible Bond
Manager NameEric Holt
Inception Date14/04/2003
NAV 02/12/2016GBP 1.11
Day Change0.15%
12 Month Yield6.51%
ISINIE0032571485
SEDOL3257148
Dividend FrequencyQuarterly
Net Assets (mil) 30/09/20161,364.39 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time15:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge0.00%
Custody ChargeYes
Fund Ongoing Charge0.84%
AMC0.75%
Fund Rebate0.05%

Morningstar Rating™

4 Stars

Benchmarks

Fund Benchmark

FTSE Gilts Over 15 Yr TR GBP

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate TR GBP

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund20.7210.336.801.086.63
Category15.293.725.990.507.24
Benchmark6.00-2.6813.870.478.62
  • Fund: Royal London Sterling Extra Yield Bond Fund A
  • Category: GBP Flexible Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate TR GBP
Trailing Returns % (GBP) 02/12/2016
FundCatBmark
YTD6.716.078.77
3 Years Annualised5.004.677.47
5 Years Annualised9.086.475.68
10 Years Annualised4.164.505.64

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The fund’s objective is to achieve a high level of income and to achieve gross redemption yield of 1.25 times the gross redemption yield of the FTSE Actuaries British Government 15 year index. The above objective applies to Class A and Class B shares in each of the sub-funds. The sub-fund seeks to achieve its investment objective by investing at least 75% of its assets in Sterling denominated securities traded principally on the London Stock Exchange or over the counter markets. The sub-fund may also invest up to 25% of its assets in non-Sterling denominated securities traded principally on European, U.S., Canadian and Australian exchanges or over the counter markets.

Portfolio Profile30/09/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks2.290.002.29
Bonds85.510.0085.51
Cash0.020.65-0.63
Other12.830.0012.83
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond68.90
Commercial Mortgage Backed11.64
Non-Agency Residential Mortgage Backed5.77
Asset Backed5.35
Convertible3.56
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
Entpr Inns 6.375% 2031-09-26United Kingdom2.28
Investec Bk 9.625% 2022-02-17United Kingdom1.99
Premiertel 6.175% 2032-05-08United Kingdom1.95
Santander Uk 10.0625% 2049-10-29United Kingdom1.69
Annington Fin 13% 2023-01-15United Kingdom1.65
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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