Back to results

Royal Lo

Price: 92.3100GBX

Change: -0.36%

Open an account

Royal London Corporate Bond Z Inc

Royal London Corporate Bond Z Inc

ISIN:

GB00B3MBXC47

Risk level:

1
2
3
4
5
6
7

FE fundinfo Rating:

IA Sector:

IA Sterling Corporate Bond

Income type:

Income

Price:

92.3100GBX

02 April 2026

Last change:

-0.36%

1 year change:

5.44%

5 year annualised return:

1.79%

12 month yield:

5.22%

Key Investor Information Document (KIID)
Open an account
At a glance

At a glance performance and information

Eligibility:

Share Dealing Account
ISA
SIPP

The value of investments, and income from them, can rise and fall so you may get back less than you invest. If you are unsure about investing, seek independent advice

1 W 1 M 3 M 6 M YTD 1 Y 3 Y 5 Y Max

Add to chart:

  • Royal London Corporate Bond Z Inc
  • IA Sterling Corporate Bond
  • Markit iBoxx GBP Non Gilts

Discrete calendar year performance

Discrete calendar year performance
Investment 31/03/21 to 31/03/22 31/03/22 to 31/03/23 31/03/23 to 31/03/24 31/03/24 to 31/03/25 31/03/25 to 31/03/26
Royal London Corporate Bond Z Inc -2.21% -9.17% 10.59% 5.36% 5.37%
IA Sterling Corporate Bond -4.25% -9.14% 7.35% 3.20% 4.36%
Markit iBoxx GBP Non Gilts -5.20% -10.20% 6.11% 2.38% 4.43%

Trailing returns

(*annualised)

Trailing returns
Investment 3 months 6 months 1 year 3 years* 5 years*
Royal London Corporate Bond Z Inc -1.00% 1.65% 5.44% 7.02% 1.79%
IA Sterling Corporate Bond -1.22% 0.88% 4.53% 4.95% 0.17%
Markit iBoxx GBP Non Gilts -0.92% 1.29% 4.42% 4.26% -0.65%

Fund Objective: 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.

Manager name:

Royal London Unit Tst Mgrs Ltd

Manager start date:

31 January 2022

Investment style:

*None

Region (geographical):

United Kingdom

Manager Biography:

Matt Franklin, CFA – Fund Manager, Matt is responsible for the management of a variety of sterling corporate bond portfolios, as co-manager of Royal London Sustainable Corporate Bond, Sustainable Managed Growth, Corporate Bond Monthly Income and Corporate Bond, as well as several segregated portfolios. He joined Royal London Asset Management’s Sterling Credit team in 2014 as a credit analyst, building a deep understanding of both unsecured corporate bonds and asset backed securities across a variety of sectors, as well as playing a key role in the development of the team’s approach to ESG integration. Matt has a degree in Economics from Durham University, is a CFA Charterholder, and a Certified Financial Risk Manager (FRM).

Benchmark:

Markit iBoxx GBP Non Gilts

Sector:

IA Sterling Corporate Bond

FE fundinfo Rating:

Fees & charges

Fees and Charges

Fees and Charges
Charge Who receives this? What is it? Amount
Initial charge: The fund manager Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged. N/A%
Ongoing Charges: The fund manager The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year. 0.35%
Performance Fee: The fund manager A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions. N/A
Typical transaction cost: The fund manager The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading. 0.188%*
Dealing commission: Scottish Widows The cost of buying or selling some or all of your investment. £5.00 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.

Account charges are not included

Breakdown

Asset Allocation

Fund size: 1,686,328,380.39 GBX

Chart date: April 2, 2026

Top 10 Holdings

Top 10 Holdings
Security Weight
Hsbc bank fund 5.844% vrn perp 2.72%
United kingdom gilt 3.75% 22/10/2053 1.89%
Virgin money uk plc 7.625% vrn 23/08/2029 1.60%
Aviva plc 4% 05/06/2032 1.32%
Barclays bank plc 6.278% vrn perp 1.27%
Cooperative bank holdings plc 9.5% vrn 24/05/2028 1.27%
Cooperative bank finance plcthe 6% vrn 06/04/2027 1.15%
M&g plc 5.7% dated tier 2 nts 19/12/63 gbp100000 1.14%
Standard chartered 6.409% vrn perp 1.05%
Dresdner funding trust 8.151% 30/06/2031 1.02%

Sectors

Sectors
Sectors Weight
Corporate Bonds 36.08%
Financial Services 22.75%
Insurance 15.60%
Property 6.56%
Real Estate 4.47%
Utilities 3.91%
Consumer Services 3.02%
Government Agency Bonds 2.48%
Government Bonds 1.89%
General Industrials 1.00%

World regions

World regions
Country Weight
United Kingdom 78.62%
France 6.37%
United States 4.33%
Netherlands 1.77%
Germany 1.57%
Ireland 1.24%
Luxembourg 1.09%
Supranational 0.95%
Australia 0.81%
Sweden 0.61%
ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

The FCA website sets out further information in relation to the sustainability labelling and disclosure requirements.

Find out more about Scottish Widows’ approach to responsible investments.