Royal London Short Duration Credit Fund

Select share classes

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

Category GBP Corporate Bond - Short Term
star-filledstar-filledstar-filledstar-filledstar-filled
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

£0.964/£0.964

arrow-down£-0.001 (-0.12%)

Fund Code

RODMI

BJ4KW80

GB00BJ4KW800

Prices updated as at 21 May 2025
|
Prices in GBP
Investment objective
The Fund’s investment objective is to achieve a total return over the medium term, which should be considered as a period of 3-5 years, by predominantly investing in sterling-denominated bonds, which will primarily be short-duration (5 years or less). At least 80% of the Fund will be invested in the bonds of companies and other organisations (known as corporate bonds) that are listed in sterling, of which 70% will have a duration of less than five years. Floating-rate notes, asset-backed securities, supranational bonds and agency bonds are included in this segment of the Fund.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 30/04/2025

Asset allocation

Created with Highcharts 7.2.21.05% Stocks93.68% Bonds1.31% Cash3.96% Other0% Not classified
Show long & short position

Geographical breakdown

Continent or country allocation (%)

Created with Highcharts 7.2.21.051.051.771.772.112.112.912.913.633.6313.1613.1674.9374.93CanadaAsia - DevelopedLatin AmericaAsia - EmergingEurozoneUnited StatesUnited Kingdom

Market classification (%)

Created with Highcharts 7.2.25.035.0394.9794.97EmergingDeveloped

Stock style

Large core

60.40%

% Weight
Value
Core
Growth
Large

7

60

12

Medium

4

4

4

Small

4

3

2

  • Interest rate risk

    Bond %
    Avg credit qualityBB
    Avg wtd coupon5.66
    Modified duration-

  • Credit quality breakdown

    Rating% of Bond
    AAA2.61
    AA3.21
    A17.27
    BBB50.9
    BB16.99
    B-
    Below B-
    Not Rated9.02

Valuation

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income
GBP Corporate Bond - Short Term

9.72

9.72
9.56

1.44

1.44
1.47

0.94

0.94
0.91

8.38

8.38
8.34

Growth rate

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income
GBP Corporate Bond - Short Term

18.77%

18.77%
18.80%

3.18%

3.18%
3.22%

42.32%

42.32%
12.62%

Top 10 holdings

Security nameSectorCountry% of assets
1M&G PLC 5.625%-United Kingdom1.40
2Westfield Stratford City Finance No.2 PLC 1.642%-United Kingdom1.30
3Legal & General Group PLC 5.5%-United Kingdom1.16
4Co-operative Group Ltd 7.5%-United Kingdom1.08
5Electricite de France SA 7.375%-France1.03
6Co-Operative Bank Holdings Ltd(The) 6%-United Kingdom1.00
7HSBC Holdings PLC 8.201%-United Kingdom0.93
8Co-Operative Bank Holdings Ltd(The) 9.5%-United Kingdom0.93
9Generali S.p.A. 6.269%-Italy0.91
10BP Capital Markets PLC 4.25%-United Kingdom0.86
Assets in top 10 holdings %

10.60%

Total no. of equity holdings

1.00

Total no. of bond holdings

332.00

Stock sectors

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income
GBP Corporate Bond - Short Term

73.83%

Basic materials

1.29%
-

Con cyclical

13.40%
-

Financial svs

57.43%
-

Real estate

1.70%
-

18.15%

Comm services

4.99%
-

Energy

3.27%
-

Industrials

2.67%
-

Technology

7.23%
-

8.02%

Con defensive

3.22%
-

Healthcare

3.08%
-

Utilities

1.72%
-


Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.


Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
© Copyright 2025 Morningstar. All rights reserved.