Royal London Asset Management
Royal London AM RLPPC UK Corporate Bond Fund
Sep 2026 → Sep 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 11 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Royal London Asset Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · A Acc GBP
- YTD+2.3%
- 1Y+2.3%
- 3Y · total+20.9%
- 5Y · total+2.9%
| YTD | 1Y | 3Ytotal | 5Ytotal | |
|---|---|---|---|---|
| Royal London AM RLPPC UK Corporate Bond Fund | +2.3% | +2.3% | +20.9% | +2.9% |
Calendar years
- 2025+5.5%
- 2024+12.1%
- 2023+8.3%
- 2022−21.4%
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
- AddedBupaSep 2026
Elsewhere in the financial sector, we added tier 2 new issues from UK pension insurance specialist Rothesay Life, as well as health insurer BUPA.
Examples included sterling denominated issues from US telecoms giant AT&T and the partially state-owned German telecommunications company Deutsche Telekom, which both came at above market credit spreads.
- AddedThe AA plcSep 2026
We added a senior secured new issue from automobile recovery provider the AA, Sunshine Mortgage funding – a mortgage-backed security backed by equity release mortgage loans.
- AddedNationwide Building SocietySep 2026
We also added a new AT1 bond from Nationwide at a yield of around 8%.
we also added geographic diversification through senior bonds from Macquarie Group and the Montreal-based Desjardins Group,
- AddedRothesay Life plcSep 2026
Elsewhere in the financial sector, we added tier 2 new issues from UK pension insurance specialist Rothesay Life, as well as health insurer BUPA.
In technology, we bought Amazon, the global e-commerce platform, which came to market twice over the quarter, issuing in multiple currencies and maturities.
we added a Tier 2 bond issue from UK mortgage provider Paragon, a small but well capitalised UK specialist lending bank.
- AddedNuveen, LLCSep 2026
we also participated in a senior bond issue by US-owned asset manager Nuveen, offering a clear spread premium over US dollar equivalents.
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.
- AddedDesjardins GroupSep 2026
we also added geographic diversification through senior bonds from Macquarie Group and the Montreal-based Desjardins Group,
Examples included sterling denominated issues from US telecoms giant AT&T and the partially state-owned German telecommunications company Deutsche Telekom, which both came at above market credit spreads.
Also held
- Vantage Data Centers
- MPT Operating Partners
- Barclays PLC
- British Land
- Peel Land
- Telereal Trillium