Royal London Asset Management
Royal London AM Short Term Fixed Income Fund
Income
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 8 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+4.3%
- 1Y+4.3%
- 3Y · total+16.0%
- 5Y · total+21.5%
| YTD | 1Y | 3Ytotal | 5Ytotal | |
|---|---|---|---|---|
| Royal London AM Short Term Fixed Income Fund | +4.3% | +4.3% | +16.0% | +21.5% |
Calendar years
- 2025+5.0%
- 2024+5.9%
- 2023+4.7%
- 2022+0.1%
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
- AddedSEBSep 2026
This was most noticeable in September when rates had jumped materially, when we added one-year paper from SEB and DNB, the latter already pricing in almost four increases in Bank of England rate and hence offering a very attractive yield.
With market activity increasing after the summer, we were able to add new issues from United Overseas Bank and Australia and New Zealand Banking, also switching out of very short-dated Commonwealth Bank of Australia covereds at tight levels into a new issue from the same institution.
With short-dated covered bonds in demand, we also took profits on one and two-year covered bonds from Santander UK.
With market activity increasing after the summer, we were able to add new issues from United Overseas Bank and Australia and New Zealand Banking, also switching out of very short-dated Commonwealth Bank of Australia covereds at tight levels into a new issue from the same institution.
- AddedDNBSep 2026
This was most noticeable in September when rates had jumped materially, when we added one-year paper from SEB and DNB, the latter already pricing in almost four increases in Bank of England rate and hence offering a very attractive yield.
With market activity increasing after the summer, we were able to add new issues from United Overseas Bank and Australia and New Zealand Banking, also switching out of very short-dated Commonwealth Bank of Australia covereds at tight levels into a new issue from the same institution.
- New positionKorea Housing Finance CorpJun 2026
Over the period, we bought a new issue of five-year covered bonds from Bank of Montreal, also adding Standard Chartered and Korea Housing Finance Corp - new issues late in the period – the latter a government owned issuer providing mortgages to support low- to middle-income households in South Korea, which came at an attractive credit spread compared to UK covered bonds.
Over the period, we bought a new issue of five-year covered bonds from Bank of Montreal, also adding Standard Chartered and Korea Housing Finance Corp - new issues late in the period – the latter a government owned issuer providing mortgages to support low- to middle-income households in South Korea, which came at an attractive credit spread compared to UK covered bonds.
Over the period, we bought a new issue of five-year covered bonds from Bank of Montreal, also adding Standard Chartered and Korea Housing Finance Corp - new issues late in the period – the latter a government owned issuer providing mortgages to support low- to middle-income households in South Korea, which came at an attractive credit spread compared to UK covered bonds.
Also held
- National Westminster
- Goldman Sachs
- DZ Bank