ROYAL LONDON ETHICAL BOND - Fund overview
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Overview of
ROYAL LONDON ETHICAL BOND
A mid green ethical version of the Royal London Corporate Bond, investing entirely in UK bonds. The ethical screening restricts the investable universe by approximately 5% when compared to the Corporate Bond trust. This fund sets itself apart from the peer group within the sector by the relatively large position the manager is prepared to take in unrated bonds (up to 20%). This is designed to reduce the volatility of returns and improve the risk/return characteristics of the fund. Diversification of individual credit risk is emphasised by the large number of companies in which the fund holds a single issue only.
Standard Initial Charge
3.00% 0.00%
Invest via Bestinvest
to save 3.00%
Fund summary
| Sector |
£ Corporate Bond
|
| Product type |
OEIC
|
| Launched |
January, 2007
|
| Size |
£117m
|
| Yield |
5.0%
|
| Charging basis |
50% Income 50% Capital
|
| Dividends paid |
31/3, 30/6, 30/9, 31/12.
|
| Bid price |
94.27p |
Fund Charges
|
Standard Initial charge
|
3.00%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
0.90%
|
|
Total expense ratio
|
0.94%
|
|
Reduction in yield (10yr)
|
0.94%
|