Royal London Corporate Bond M Acc (FUND:B87FJ40) - Fund price


Fund Report

Royal London Corporate Bond Fund M Acc

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Size
Share Class Size (mil)602.26 GBP
(31/07/2019)
Fund Size (mil)1,442.83 GBP
(31/07/2019)
Maturity Distribution % 31/07/2019
FundCategory
1 to 3 Years2.7013.70
3 to 5 Years5.8211.04
5 to 7 Years5.8910.56
7 to 10 Years16.5314.02
10 to 15 Years18.816.37
15 to 20 Years12.788.22
20 to 30 Years21.2117.88
Over 30 Years15.3616.38
FundCategory
Effective Maturity (Y)-10.84
Effective Duration7.807.87
Average Credit QualityBBBBBB
Credit Quality Breakdown % 31/07/2019
FundCategory
AAA6.798.77
AA8.3710.52
A27.4524.18
BBB39.7944.85
BB8.103.79
B0.821.29
Below B0.000.35
Not Rated8.676.27

Asset Allocation % 31/07/2019

Asset Allocation
LongShortNetCat
Stocks0.830.000.830.05
Bonds97.008.1988.8194.93
Cash19.7110.818.905.42
Other1.470.001.47-0.40
Fixed Income Sector Weightings % 31/07/2019
FundCategory
Government-6.788.41
Treasury1.452.00
Inflation-Protected0.000.02
Agency/Quasi Agency0.004.65
Government Related-8.226.39
Corporate62.9772.39
Corporate Bond61.5171.50
Bank Loan0.000.00
Convertible1.340.89
Preferred0.120.00
Securitized34.8413.83
Agency Mortgage Backed13.843.53
Non-Agency Residential Mortgage Backed0.730.19
Commercial Mortgage Backed0.000.00
Asset Backed15.647.41
Covered Bond4.632.69
Municipal0.000.00
Cash & Equivalents9.05-1.74
Derivative-0.097.12

Top 10 Holdings31/07/2019

Assets in Top 10 Holdings %10.02
Total Number of Equity Holdings0
Total Number of Bond Holdings331
NameCountry%
IncreaseDecreaseNew since last portfolio
IncreaseLong Gilt Future Sept19 2019-09-26United Kingdom5.98
US 10 Year Note (CBT) Sept19 2019-09-192.18
HSBC Bank plc 5.38% 2033-08-22United Kingdom1.34
New since last portfolioLloyds Bk 6% 2029-02-08United Kingdom1.12
IncreasePrudential plc 5.56% 2055-07-20United Kingdom1.11
IncreaseAviva Plc 6.88% 2058-05-20United Kingdom1.09
Thames Water Utilities Finance Ltd 7.74% 2058-04-09United Kingdom1.07
IncreaseMeadowhall Finance plc 4.99% 2037-07-12United Kingdom0.97
IncreaseTolkien Funding Sukuk No.1 Plc 1.56% 2052-07-20United Kingdom0.89
Cooperatieve Rabobank U.A. 6.91% Netherlands0.85
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) 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. See website for full details. 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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