Royal London Asset Management
Royal London AM Corporate Bond Fund
Large-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 1 investment thesis and positions in 16 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Royal London Asset Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · Z Inc GBP
- YTD+1.8%
- 1Y+1.8%
- 3Y · total+22.0%
- 5Y · total+6.4%
| YTD | 1Y | 3Ytotal | 5Ytotal | |
|---|---|---|---|---|
| Royal London AM Corporate Bond Fund | +1.8% | +1.8% | +22.0% | +6.4% |
Calendar years
- 2025+5.4%
- 2024+13.7%
- 2023+9.4%
- 2022−20.3%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
we also added geographic diversification through senior bonds from Macquarie Group and the Montreal-based Desjardins Group, North America’s largest federation of credit unions, and a new senior euro-denominated bond from US investment bank Jeffries Group
- AddedSage HousingJun 2026
In the social housing sector we added a new issue from Sage Housing, England’s largest provider of new build affordable housing for the past five years.
One of these was education publisher Pearson, issued with a yield premium which we felt more than compensated for the perceived AI disruption risk.
as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.
adding lower tier 2 issues from Barclays and Lloyds Bank,
adding lower tier 2 issues from Barclays and Lloyds Bank,
- AddedWestfield Stratford CityJun 2026
We also bought a new issue for London-based shopping centre Westfield Stratford City following the early repayment of existing bonds at par, which represented a premium to existing market pricing.
We did add modestly to senior bonds, including a new green senior sterling-denominated issue by Dutch bank ABN AMRO.
over the quarter added a new sterling- denominated hybrid from French utility Engie at a yield well over 6%.
- AddedRabobankJun 2026
including for example a euro- denominated note by Netherlands-based mutual Rabobank and a sterling-denominated note issued by Natwest.
- AddedIDSJun 2026
We also added IDS, which owns Royal Mail as well as a Dutch parcel business.
including for example a euro- denominated note by Netherlands-based mutual Rabobank and a sterling-denominated note issued by Natwest.
Also held
- Tesco PLC
- Electricite De France
- Virgin Money UK PLC
- Close Brothers Group PLC
- Barclays Bank PLC
- Aviva PLC
- Standard Chartered PLC
- Barclays PLC
- Dresdner Funding Trust
- Southern Water Services Finance Ltd
- Santander UK
- Standard Chartered
- HSBC Bank