Fact sheet: Royal London Crp Bd MI Trst

Fund information
Fund name
Royal London Corporate Bond Monthly Income Trust A Inc
Fund manager company
Fund type
Unit Trust
Fund managers
  • Richard Nelsonsince 01/02/2014
Fund objective
The investment aim of the fund is to produce an attractive and consistent monthly income commensurate with long term capital stability.
  • IBOXX £ Non-Gilt All Maturities
Investment style
Investment method
Fixed Interest
Quick stats
1 Year return
1 Year rank in sector
UT Sterling Corporate Bond
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
Fund size
£339m (£327m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Bid price
Offer price
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.5%
Henderson Inst Long Dat Cr15.9%
F&C Instl Lg Dtd Corp Bd15.5%
Newton Long Corporate Bond15.4%
Insight UK Corp Lg Mat Bd15.2%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK100%
  • Structured Products27.2%
    Financial Services20.4%
  • Global Corporate Fixed Interest98.7%
    UK Gilts0.9%
    Global Index Linked0.3%
    Global Government Fixed Interest0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector26 / 9625 / 9414 / 9242 / 8955 / 8251 / 69
Calendar performance
 YTD - 20172016201520142013
Rank within sector15 / 9469 / 8718 / 8561 / 8265 / 76
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
Price movement
52 week high95.98
52 week low88
Current bid price93.38
Current offer price94.8
Current mid price-
Industry sector
1Structured Products27.16%
2Financial Services20.44%
6Real Estate6.86%
7Investment Trusts4.42%
8Consumer Services3.81%
Asset type
1Global Corporate Fixed Interest98.65%
2UK Gilts0.93%
3Global Index Linked0.27%
4Global Government Fixed Interest0.15%
Individual holdings
1HSBC BANK PLC 5.375% 04/11/20301.92%
2LLOYDS BANK PLC 9.625% SUBORD BDS 06/04/23 GBP(VAR)(BR)1.73%
3TELEREAL SEC 4.0902% 10/12/2031 VRN1.46%
4 SL FINANCE 6.75% VRN PERP1.42%
5STBL CMTY LEEDS FINANCE 5.069% 30/09/20321.32%
6FRESH 1997 8.368% 04/10/58 (1-A1)1.28%
7EQUITY RELEASE 5.7% 26/02/20311.13%
8LEGAL AND GENERAL 10% VRN 23/07/20411.1%
9PORTERBROOK RAIL FINANCE LTD 7.125% NTS 20/10/26 GBP10001.06%
Fund manager group
CIS UT Managers
Fund manager company
Fund type
Unit Trust
Fund objective
The investment aim of the fund is to produce an attractive and consistent monthly income commensurate with long term capital stability.
  • IBOXX £ Non-Gilt All Maturities
Investment style
Investment method
Fixed Interest
Fund managers
Richard Nelson01/02/2014Richard Nelson is a Fund Manager within the Fixed Income team. He joined Royal London in 2013, as part of the Co-op Asset Management acquisition, and has 18 years' investment experience.
IA Recognised, UCITS IV Compliant
No data available.
Fund for sale in
United Kingdom
Royal London Corporate Bond Monthly Income Trust A Inc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.04%
Bid price93.38
Offer price94.8
Mid price-
Price updated27/04/2017
Institutional or retail classRetail
Citi codeXI06
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.