RLBF II Royal London Shrt Dur Crdt M Acc (FUND:BJ4KW79) - Fund price


Fund Report

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Accumulation

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Size
Share Class Size (mil)51.14 GBP
(31/10/2019)
Fund Size (mil)975.62 GBP
(31/10/2019)
Maturity Distribution % 31/10/2019
FundCategory
1 to 3 Years14.6214.71
3 to 5 Years21.3511.50
5 to 7 Years15.0210.55
7 to 10 Years8.7213.06
10 to 15 Years10.345.41
15 to 20 Years5.377.15
20 to 30 Years11.7721.82
Over 30 Years9.9014.59
FundCategory
Effective Maturity (Y)-10.59
Effective Duration-7.56
Average Credit QualityBBB
Credit Quality Breakdown % 31/10/2019
FundCategory
AAA-8.72
AA-9.72
A-25.70
BBB-43.85
BB-3.64
B-1.30
Below B-0.37
Not Rated-6.70

Asset Allocation % 31/10/2019

Asset Allocation
LongShortNetCat
Stocks2.990.002.990.06
Bonds91.630.0491.5995.62
Cash6.404.941.458.61
Other3.980.003.98-4.29
Fixed Income Sector Weightings % 31/10/2019
FundCategory
Government0.0110.18
Treasury0.003.12
Inflation-Protected0.010.02
Agency/Quasi Agency0.004.36
Government Related0.007.04
Corporate69.4468.77
Corporate Bond66.2367.50
Bank Loan0.000.00
Convertible3.111.23
Preferred0.110.04
Securitized29.0413.20
Agency Mortgage Backed15.763.67
Non-Agency Residential Mortgage Backed0.000.00
Commercial Mortgage Backed0.000.00
Asset Backed11.256.83
Covered Bond2.032.70
Municipal0.000.00
Cash & Equivalents1.453.37
Derivative0.054.49

Top 10 Holdings31/10/2019

Assets in Top 10 Holdings %10.88
Total Number of Equity Holdings0
Total Number of Bond Holdings293
NameCountry%
IncreaseDecreaseNew since last portfolio
IncreaseDelamare Finance Plc 5.55% 2029-02-19United Kingdom1.53
New since last portfolioFirst Hydro Finance plc 9% 2021-07-31United Kingdom1.42
IncreaseCo-Operative Bank plc 4.75% 2021-11-11United Kingdom1.12
Prudential plc 3.88% 2049-07-20United Kingdom1.11
NATS (En Route) plc 5.25% 2026-03-31United Kingdom1.01
Longstone Finance Plc 4.79% 2036-04-19United Kingdom1.01
Canary Wharf Finance II plc 6.46% 2033-10-22United Kingdom0.96
Equity Release Funding (No2) 5.88% 2032-05-26United Kingdom0.93
Income Contingent Student Loans 2 (2007-2009)PLC 1.86% 2058-07-24United Kingdom0.90
New since last portfolioIncome Contingent Student Loans 1 2002-2006 PLC 1.86% 2056-07-24United Kingdom0.89
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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