Overweight UK global fund that is cheaper than VLS100

aroominyork

I have thought of another way to be overweight UK, which is to hold a global index fund and supplement it with Royal London Sterling Extra Yield Bond. Although it is a strategic bond fund, to all intents and purposes it is a proxy equity fund - it has performed similarly to UK All Companies over the last 15 years but with less volatility. Its OCF is 0.84%, but if you only hold 5-10% of your funds in it, with the balance in an index fund at say 0.12%, it could work out cheaper than VLS. (Am I going to do this? Probably not.)