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Sterling Strategic Bond
Royal London Short Duration Credit Fund
Managed by Royal London Asset ManagementPart of Royal London Bond Funds II ICVC
Latest factsheet
Jun 2026
Fund size
£1.58bn
Yearly charge
–
Manager fee
–
Income yield
–
Holdings
367
Launched
7 Nov 2013
The Fund aims to provide a return greater than that of the ICE Bank of America Merrill Lynch 1-5 Year Sterling Non-Gilt Total Return Index over rolling 3-year periods, through a combination of capital growth and income, after the deduction of charges. The Index has been selected as a target benchmark because it is representative of the type of bonds in which the Fund invests, and it is therefore an appropriate measure for the Fund's performance. The performance comparator for the Fund is the IA Sterling Strategic Bond sector (the "IA Sector").
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | – | – | – | – |
| 3M | +2.91% | – | +1.93% | – |
| 6M | +2.73% | – | +1.28% | – |
| 1Y | +7.21% | – | +4.01% | – |
| 3Y | +29.78% | – | – | – |
| 3Y | +9.07% | – | +6.44% | – |
| 5Y | +23.49% | – | – | – |
| 5Y | +4.31% | – | +1.93% | – |
| 10Y | +4.17% | – | +2.01% | – |
| Since launch | +4.02% | – | +2.20% | – |
Top holdings · top 10: 9.40%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | M and G PLC 5.625% VRN 20/10/2051 | 1.38% | |
| 2 | Electricite de France SA 7.375% VRN Perp | 1.06% | |
| 3 | Lloyds Banking Group PLC 2.707% VRN 03/12/2035 | 1.01% | |
| 4 | Eversholt Funding Plc 6.697% 22/02/2035 | 0.98% | |
| 5 | HSBC Holdings PLC 8.201% VRN 16/11/2034 | 0.89% | |
| 6 | Intu Metrocentre Finance 4.125% 16/01/2029 | 0.86% | |
| 7 | Credit Agricole SA 5.5% VRN 31/07/2032 | 0.81% | |
| 8 | SW Finance I PLC 6.875% 07/08/2032 | 0.81% | |
| 9 | NatWest Group PLC 5.642% VRN 17/10/2034 | 0.80% | |
| 10 | South West Water Finance PLC 5.75% 11/12/2032 | 0.80% |
Portfolio breakdown
Sector
| Banks & Financial services | 40.70% | |
| Insurance | 12.80% | |
| Utility | 6.80% | |
| Consumer goods | 6.30% | |
| Consumer services | 5.30% | |
| Real estate | 4.70% | |
| Structured | 4.20% | |
| Covered | 3.90% | |
| General industrials | 3.80% | |
| Investment trusts | 3.20% | |
| Social housing | 3.10% | |
| Telecoms | 1.50% | |
| Foreign sovereigns | 0.80% | |
| Supranationals & Agencies | 0.60% |
Asset allocation
| Conventional credit bonds | 99.26% | |
| Index linked credit bonds | 0.56% | |
| Other | 0.18% |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jun 2026 | View original factsheet ↗ | 22 Aug 2026 |