Royal London Asset Management
Royal London AM Short Duration Credit Fund
Mega-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 20 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+4.2%
- 1Y+4.2%
- 3Y · total+25.4%
- 5Y · total+20.6%
| YTD | 1Y | 3Ytotal | 5Ytotal | |
|---|---|---|---|---|
| Royal London AM Short Duration Credit Fund | +4.2% | +4.2% | +25.4% | +20.6% |
Calendar years
- 2025+8.0%
- 2024+11.4%
- 2023+7.7%
- 2022−10.8%
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
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 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.
- 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 – and UK Logistics DAC – a commercial mortgage-backed securities (CMBS) transaction backed by diverse pool of UK logistics assets.
- AddedRoquette Freres SASep 2026
Further afield, we added a number of attractive euro-denominated hybrid deals, for instance new issues from Germany-headquartered life sciences company Bayer, multinational food distributor Sysco and in the secondary market Roquette Freres, Europe’s leading starch producer, used across food, health and cosmetics products.
In the subordinated area, we added a Tier 2 bond issue from UK mortgage provider Paragon, a small but well capitalised UK specialist lending bank.
- AddedNationwide Building SocietySep 2026
We also added a new AT1 bond from Nationwide at a yield of around 8%.
Further afield, we added a number of attractive euro-denominated hybrid deals, for instance new issues from Germany-headquartered life sciences company Bayer, multinational food distributor Sysco and in the secondary market Roquette Freres, Europe’s leading starch producer, used across food, health and cosmetics products.
In technology, we bought Amazon, the global e-commerce platform, which came to market twice over the quarter, issuing in multiple currencies and maturities.
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 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.
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 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.
Further afield, we added a number of attractive euro-denominated hybrid deals, for instance new issues from Germany-headquartered life sciences company Bayer, multinational food distributor Sysco and in the secondary market Roquette Freres, Europe’s leading starch producer, used across food, health and cosmetics products.
We did add modestly to senior bonds, including a new green senior sterling-denominated issue by Dutch bank ABN AMRO.
- 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,
but over the quarter added a new sterling- denominated hybrid from French utility Engie at a yield well over 6%.
- 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.
adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs,
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.
adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs,
- AddedRabobankJun 2026
including for example a euro- denominated note by Netherlands-based mutual Rabobank and a sterling-denominated note issued by Natwest.
adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs,
Also held
- Coventry Building Society
- Barclays PLC
- Lloyds Banking Group PLC
- Credit Agricole SA
- NatWest Group PLC
- Eversholt Funding Plc
- Standard Chartered PLC
- HSBC Holdings PLC
- Nationwide Building Society
- SW Finance I PLC
- Electricite de France SA