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

Fund Report

Royal London Short Duration Credit Fund M Inc

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager Name-
Inception Date08/11/2013
NAV 12/04/2019GBX 102.30
Day Change1.66%
12 Month Yield3.74%
Dividend FrequencySemi-Annually
Net Assets (mil) 31/12/2018735.85 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment-
Pricing FrequencyDaily
Dealing Cut off Time12:00
Regular InvestmentYes
Actual Initial Charge-
Exit Charge-
Custody ChargeYes
Ongoing Cost0.32%
Fund Rebate-

Morningstar Rating™

Not Rated

Morningstar Sustainability Rating

No Rating

No Rating

Sustainability Rating as of -


Fund Benchmark

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

Morningstar® Benchmark

Markit iBoxx GBP NonGilts TR

Growth Of 10,000 (GBP) 31/03/2019

How has this security performed
  • Fund: Royal London Short Duration Credit Fund M Inc
  • Category: GBP Corporate Bond
  • Benchmark: Markit iBoxx GBP NonGilts TR
Trailing Returns % (GBP) 12/04/2019
3 Years Annualised4.273.533.34
5 Years Annualised3.775.065.53
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 Profile31/12/2018

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 Bond68.38
Agency Mortgage Backed13.99
Asset Backed11.33
Cash & Equivalents2.05
Top Holdings
IncreaseDecreaseNew since last portfolio
Co-Operative Bank plc 4.75% 2021-11-11United Kingdom1.40
Delamare Finance Plc 5.55% 2029-02-19United Kingdom1.31
Equity Release Funding (No2) 5.88% 2032-05-26United Kingdom1.27
New since last portfolioIncome Contingent Student Loans 2 (2007-2009)PLC 0% 2058-07-24United Kingdom1.23
IncreaseFirst Hydro Finance plc 9% 2021-07-31United Kingdom1.14
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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