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Sterling Corporate Bond
Royal London Corporate Bond Fund
Managed by Royal London Asset ManagementPart of Royal London Bond Funds ICVC
Latest factsheet
Jun 2026
Fund size
£1.58bn
Yearly charge
–
Manager fee
–
Income yield
–
Holdings
340
Launched
29 Mar 1999
The Fund aims to provide a return greater than that of the Markit iBoxx Sterling Non-Gilts Total Return All Maturities GBP Index over rolling 5-year periods, through a combination of capital growth and income, after the deduction of charges. The Index has been selected as a target benchmark because it is representative of the type of bonds in which the Fund invests and is therefore an appropriate measure for the Fund's performance. The performance comparator for the Fund is the IA Sterling Corporate Bond sector (the "IA Sector").
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | – | – | – | – |
| 3M | +3.22% | – | +2.64% | – |
| 6M | +1.95% | – | +0.98% | – |
| 1Y | +6.41% | – | +4.29% | – |
| 3Y | +28.85% | – | – | – |
| 3Y | +8.81% | – | +6.42% | – |
| 5Y | +11.72% | – | – | – |
| 5Y | +2.24% | – | -0.51% | – |
| 10Y | +4.11% | – | +1.69% | – |
| Since launch | +5.55% | – | +3.73% | – |
Top holdings · top 10: 14.08%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | HSBC Bank Fund 5.844% VRN Perp | 2.90% | |
| 2 | Virgin Money UK PLC 7.625% VRN 23/08/2029 | 1.85% | |
| 3 | Barclays Bank PLC 6.278% VRN Perp | 1.41% | |
| 4 | Aviva PLC 4% 05/06/2032 | 1.39% | |
| 5 | M&G Plc 5.7% VRN 19/12/2063 | 1.18% | |
| 6 | Standard Chartered 6.409% VRN Perp | 1.17% | |
| 7 | Dresdner Funding Trust 8.151% 30/06/2031 | 1.14% | |
| 8 | Electricite De France 6% 23/01/2114 | 1.12% | |
| 9 | Santander UK 10.375% Pref Perp | 0.97% | |
| 10 | Southern Water Services Finance Ltd 3% 28/05/2037 | 0.95% |
Portfolio breakdown
Sector
| Banks & Financial services | 35.90% | |
| Insurance | 15.20% | |
| Consumer goods | 7.40% | |
| Utility | 7.40% | |
| Consumer services | 6.30% | |
| Covered | 6.10% | |
| General industrials | 5.10% | |
| Structured | 5.10% | |
| Real estate | 4.10% | |
| Social housing | 2.80% | |
| Investment trusts | 2.70% | |
| Gilts | 1.40% | |
| Foreign sovereigns | 0.70% | |
| Supranationals & Agencies | 0.60% | |
| Telecoms | 0.40% |
Asset allocation
| Conventional credit bonds | 96.82% | |
| Index linked credit bonds | 1.81% | |
| Conventional gilts | 1.37% | |
| Conventional foreign sovereigns | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jun 2026 | View original factsheet ↗ | 22 Aug 2026 |