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Royal London Asset Management

Royal London AM Sterling Extra Yield Bond Fund

Sep 2026 → Sep 2026

Our archive holds 1 letter from this strategy and positions in 15 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 Inc GBP (net)

  • YTD
    +4.5%
  • 1Y
    +4.5%
  • 3Y · total
    +31.6%
  • 5Y · total
    +29.8%

Calendar years

  • 2025
    +10.7%
  • 2024
    +13.8%
  • 2023
    +8.7%
  • 2022
    −9.2%
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

  • AddedStandard LifeSep 2026
    We also participated in a RT1 issue from Standard Life.
  • AddedNes FircroftSep 2026
    The fund invested in new issues from Ocean Yield – whose credit profile will benefit from a proposed takeover from higher-rated logistics giant Maersk – and from energy sector recruitment firm Nes Fircroft whose bonds were issued at a yield of 10%.
  • AddedBNP ParibasSep 2026
    we added AT1 bonds from French lender BNP Paribas, and Nationwide, the latter at a yield of around 8%, and a new Tier 2 bond issue from UK mortgage provider Paragon, a small but well capitalised UK specialist lending bank.
  • AddedThe AASep 2026
    We added a senior secured new issue from automobile recovery provider the AA.
  • AddedParagon Banking GroupSep 2026
    we added AT1 bonds from French lender BNP Paribas, and Nationwide, the latter at a yield of around 8%, and a new Tier 2 bond issue from UK mortgage provider Paragon, a small but well capitalised UK specialist lending bank.
  • AddedNationwide Building SocietySep 2026
    we added AT1 bonds from French lender BNP Paribas, and Nationwide, the latter at a yield of around 8%, and a new Tier 2 bond issue from UK mortgage provider Paragon, a small but well capitalised UK specialist lending bank.
  • AddedRothesay LifeSep 2026
    Elsewhere in the financial sector, we added Tier 2 new issues of UK pension insurance specialist Rothesay Life and of health insurer BUPA.
  • AddedOcean YieldSep 2026
    The fund invested in new issues from Ocean Yield – whose credit profile will benefit from a proposed takeover from higher-rated logistics giant Maersk – and from energy sector recruitment firm Nes Fircroft whose bonds were issued at a yield of 10%.
  • AddedBUPASep 2026
    Elsewhere in the financial sector, we added Tier 2 new issues of UK pension insurance specialist Rothesay Life and of health insurer BUPA.

Also held

Every letter

2026