Royal London Sterling Extra Yield Bond Z Inc
ISIN: IE00BG5GTJ66 | MEX: RLAAAT | CITI: JYCT
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Buy 94.22 GBX
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Sell 94.22 GBX
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Price Change -0.27520%
Past Performance
- 18th Apr 2019 to 18th Apr 2020-6.94%
- 18th Apr 2020 to 18th Apr 202117.42%
- 18th Apr 2021 to 18th Apr 20222.53%
- 18th Apr 2022 to 18th Apr 2023-1.31%
- 18th Apr 2023 to 18th Apr 202410.76%
Objectives and Approach
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. The Benchmark is being used by the Fund for performance comparison purposes only and the Fund does not intend to track the Benchmark.
Key Information
| Inception | 13th Dec 2013 |
| Historic Yield | 7.1657% |
| Sector | IA Sterling Strategic Bond |
| Fund Size | £1594.465mn |
| Fund Type | ICVC |
| Classification | Income |
Charges
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Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
0.58% |
| Initial Charge | 0% |
| AMC | 0.50% |
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Our Platform Charge We charge a platform fee starting at 0.35% for the first £250,000 of assets. Our charges for assets above £250,000 are shown on our rates and charges sheet |
0.35% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here |
0.35% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
0.58% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Performance
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Chart Options
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This fund's IA Sector (IA Sterling Strategic Bond)
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Current Comparators -
Cumulative Performance
1 month 3 months 6 months 1 year 3 years 5 years -0.18% 3.19% 8.64% 10.76% 12.08% 22.48%
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
169,855 bytes PDF Document; last updated 31 Mar 2024
81,352 bytes PDF Document; last updated 15 Feb 2024
5,463,535 bytes PDF Document; last updated 30 Jun 2023
3,666,242 bytes PDF Document; last updated 31 Dec 2023
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Management Team
Eric Holt Rachid Semaoune
Eric Holt
has managed this fund for 21 years .
Eric Holt – Senior Fund Manager Eric has extensive knowledge of investment grade and high yield corporate bonds, gained over a career spanning more than 40 years. He manages the Ethical Bond Fund and the Sterling Extra Yield Bond Fund as well as having a wider role within the team. He joined RLAM in 1999 following Royal London’s acquisition of United Assurance, where he had worked for the previous 20 years. Eric is a graduate of Nottingham University with a degree in mathematics and is an associate of the Institute and Faculty of Actuaries.
Manager Cumulative Performance v Peer Group
All funds managed by Eric
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| Royal London Ethical Bond | Co | Jun 2023 |
| Royal London GblBdOpp | Co | Dec 2015 |
| Royal London Ethical Bond | Co | Jun 2023 |
| Royal London GblBdOpp | Co | Dec 2015 |
| Royal London Stg ExYdBd | Co | Apr 2003 |
Rachid Semaoune
has managed this fund for 5 years and 3 months.
Rachid Semaoune – Senior Fund Manager Rachid joined RLAM in February 2015 as a Credit Fund Manager within the Fixed Income team. Rachid joined from UBS Asset Management where he spent three years managing investment grade credit portfolios. Prior to this he was a deputy credit fund manager at Old Mutual Asset Management. Rachid began his investment career in 2001 at Gulf International Bank where he worked as a credit analyst and deputy fund manager. Rachid studied for a PhD in Physics at Imperial College London and holds a Postgraduate Degree in Laser Physics from the Université Paris 13.
Manager Cumulative Performance v Peer Group
All funds managed by Rachid
| Name of Security | Sole/Co | Managed Since |
|---|---|---|
| Royal London GblBdOpp | Co | Dec 2015 |
| Royal London GblBdOpp | Co | Dec 2015 |
| Royal London Stg ExYdBd | Co | Jan 2019 |