Royal London Short Duration Crdt M Inc (FUND:BD05094) - Fund price - Overview


Fund Report

Royal London Short Duration Credit Fund M Inc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager Name-
Inception Date07/11/2013
NAV 20/03/2019GBX 101.90
Day Change0.10%
12 Month Yield3.77%
ISINGB00BD050949
SEDOLBD05094
Dividend FrequencySemi-Annually
Net Assets (mil) 31/08/2018656.79 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time10:30:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.32%
AMC0.25%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_2

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

ICE BofAML 1-5Y Sterling Non-Gilt TR GBP

Morningstar® Benchmark

Bloomberg Barclays Sterling Aggregate Corporate TR

Growth Of 10,000 (GBP) 28/02/2019

How has this security performed
201420152016201720182019
Fund4.761.645.274.690.291.21
Category10.680.389.714.84-2.311.90
Benchmark12.510.7012.274.86-2.241.90
  • Fund: Royal London Short Duration Credit Fund M Inc
  • Category: GBP Corporate Bond
  • Benchmark: Bloomberg Barclays Sterling Aggregate Corporate TR
Trailing Returns % (GBP) 20/03/2019
FundCatBmark
YTD1.912.863.52
3 Years Annualised3.704.455.13
5 Years Annualised3.414.545.58
10 Years Annualised---

Morningstar SRRI

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

Investment Objective

The Fund seeks to maximise investment return through income but with some capital growth over the medium to long term. To achieve this objective the Fund will invest predominantly in UK short dated corporate fixed interest securities. The Fund may also invest in other debt securities such as UK corporate bonds with longer maturities, non-UK corporate bonds, floating rate notes, government and public securities and money market instruments, and also in other transferable securities, cash, near cash and collective investment schemes.

Portfolio Profile31/08/2018

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.930.000.93
Bonds90.280.0090.28
Cash15.748.017.73
Other1.070.001.07
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond68.77
Agency Mortgage Backed11.45
Asset Backed8.68
Cash & Equivalents7.81
Covered Bond2.27
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
IncreaseCo-Operative Bank plc 4.75% 2021-11-11United Kingdom1.62
IncreaseDelamare Finance Plc 5.55% 2029-02-19United Kingdom1.49
Housing Securities Ltd 8.38% 2019-01-25United Kingdom1.11
Equity Release Funding (No.5) PLC 1.21% 2045-07-14United Kingdom1.01
Scottish American Investment Co 2022-04-10United Kingdom0.94
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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