Royal London Duration Hedged Credit Z (FUND:B4K6P77) - Fund price - Overview

Fund Report

Royal London Duration Hedged Credit Fund Z

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager Name-
Inception Date24/09/2012
NAV 19/10/2018GBX 122.40
Day Change0.00%
12 Month Yield2.90%
Dividend FrequencyQuarterly
Net Assets (mil) 31/03/2018197.92 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.55%
Fund Rebate-

Morningstar Rating™


Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark


Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Growth Of 10,000 (GBP) 30/09/2018

How has this security performed
  • Fund: Royal London Duration Hedged Credit Fund Z
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 19/10/2018
3 Years Annualised3.814.285.01
5 Years Annualised2.554.585.27
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The Fund aims to achieve a positive absolute return over the medium (5 years) to long (7 years) term in all market conditions. The Fund does not offer any element of capital protection or guarantee that this return will be achieved. The Fund will be actively managed, with the majority of assets in investment grade corporate bonds across a range of maturities. Derivatives will be used to protect against interest rate risk and a duration of zero years will be targeted. To achieve this objective the Fund will invest the majority of its assets in investment grade corporate bonds.

Portfolio Profile31/03/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond61.60
Asset Backed15.04
Agency Mortgage Backed6.37
Covered Bond3.36
Top Holdings
IncreaseDecreaseNew since last portfolio
DecreaseUnited Kingdom of Great Britain and Northern Ireland 1.25% SNR PIDI BDS 22/ 2018-07-22United Kingdom16.41
New since last portfolioUnited Kingdom of Great Britain and Northern Ireland 1.75% SNR PIDI BDS 22/ 2019-07-22United Kingdom4.62
British Land Company PLC 5.264% UNSUB CVD BDS 24/09/2035 GBP (REGS) 2035-09-24United Kingdom1.67
Telereal Securitisation plc FRN SUB PIDI ABS 10/12/2033 GBP (REGS) (B-6) 2031-12-10United Kingdom1.56
Irs 3.049% 10/09/23 Fix P 2023-09-10United Kingdom1.51
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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