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Royal London Asset Management

Royal London AM Investment Grade Short Dated Credit Fund

Large-cap

Jun 2026 → Sep 2026

Our archive holds 2 letters from this strategy and positions in 12 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
    +3.3%
  • 1Y
    +3.3%
  • 3Y · total
    +20.5%
  • 5Y · total
    +14.2%

Calendar years

  • 2025
    +6.3%
  • 2024
    +9.8%
  • 2023
    +7.9%
  • 2022
    −12.2%
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.

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What it bought and sold

  • AddedHSBC Holdings PLCSep 2026
    In the banks and financials sector, as well as adding new issues of senior bonds from favoured names such as UBS and HSBC 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 – this being the debut euro issue for the company and hence available at attractive levels.
  • AddedAmazon.com, Inc.Sep 2026
    In technology, we bought Amazon, the global e-commerce platform, which came to market twice over the quarter, issuing in multiple currencies and maturities.
  • AddedABN AMRO Bank NVJun 2026
    We did add modestly to senior bonds, including a new green senior sterling-denominated issue by Dutch bank ABN AMRO.
  • AddedBNP Paribas CardifJun 2026
    Here we participated in new deals including subordinated bond new issues from BNP Paribas Cardif, an international insurance company based in France and part of the BNP Paribas 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.
  • AddedEngie SAJun 2026
    but over the quarter added a new sterling- denominated hybrid from French utility Engie at a yield well over 6%.
  • AddedNatWest Group PLCJun 2026
    We also added several AT1 new issues, including a sterling- denominated note issued by Natwest.
  • 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.

Also held

Every letter

2026