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 15/12/2017GBX 120.70
Day Change0.08%
12 Month Yield3.12%
ISINGB00B4K6P774
SEDOLB4K6P77
Dividend FrequencyQuarterly
Net Assets (mil) 31/05/2017167.51 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
Fund Ongoing Charge0.54%
AMC0.50%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_2

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

ICE LIBOR 3 Month GBP

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Growth Of 10,000 (GBP) 30/11/2017

How has this security performed
20132014201520162017
Fund6.361.470.182.536.27
Category1.6810.680.389.713.39
Benchmark1.6412.510.7012.273.15
  • Fund: Royal London Duration Hedged Credit Fund Z
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 15/12/2017
FundCatBmark
YTD6.534.534.62
3 Years Annualised3.085.075.91
5 Years Annualised3.515.606.40
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 Profile31/05/2017

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.000.000.00
Bonds106.6912.9593.73
Cash12.7312.240.49
Other6.090.315.78
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond67.78
Government17.86
Asset Backed14.36
Agency Mortgage Backed8.30
Covered Bond2.34
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
United Kingdom (Government Of) 1.25% 2018-07-22United Kingdom13.18
United Kingdom (Government Of) 5% 2018-03-07United Kingdom4.07
DecreaseHsbc Bk 2030-11-04United Kingdom2.06
Ifs Jpm 3.049% 10/09/23 Fix P 2023-09-10United Kingdom2.03
Telereal Securitis FRN 2033-12-10United Kingdom1.79
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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