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Royal London Duration Hedged Credit Z Acc

Ranked 3 out of 13 in - Absolute Return GBP over 12 months
All calculations are in GBP unless stated

Managed by

Shalin Shah

Shalin Shah joined Royal London Asset Management's Fixed Income team in 2008. Prior to becoming a credit fund manager Shah was involved in a variety of areas including liability-driven investment (LDI) product development and risk management. Before joining RLAM, Shah worked at PricewaterhouseCoopers LLP where he was involved in advising clients on a variety of investment solutions, including LDI and strategic asset allocation. Shalin holds a BSc in mathematics, operational research, statistics and economics) from the University of Warwick and is a qualified actuary.

Objective

The investment objective of the Fund is to achieve a positive total return over the medium term in all market conditions. It fund will be invested with the majority of assets in investment grade corporate bonds across a range of maturities. The fund will actively manage duration, reflecting the manager’s view of interest rates. Derivatives may be used for this purpose.

Showing fund performance in United Kingdom View performance globally

Performance

Absolute Return GBP over : 31/03/2018 - 31/03/2019
  • Rank 3/13 Total Return
  • Rank 9/13 Standard Deviation
  • Rank 7/13 Max Drawdown
Fund Name Currency Return
1 Janus Henderson Multi Asset Credit I Acc GBP Hgd

Currency exposure is hedged

Currency exposure is hedged

GBP

1.6%

2 Newton Global Dynamic Bond GBP Inc GBP

1.3%

3 Royal London Duration Hedged Credit Z Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.1%

4 L&G Absolute Return Bond Fund Z GBP Acc GBP

0.8%

5 M&G Alpha Opportunities A GBP Inc GBP

0.7%

Fund Name Currency Risk
7 Aberdeen Target Return Bond A Acc GBP

2.1

8 M&G Alpha Opportunities A GBP Inc GBP

2.1

9 Royal London Duration Hedged Credit Z Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

2.3

10 Invesco Global Unconstrained Bond A Acc GBP GBP

2.7

11 BNY Mellon Absolute Return Bond X GBP Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

2.9

Fund Name Currency Loss
5 M&G Alpha Opportunities A GBP Inc GBP

-1.7%

6 BlackRock Absolute Return Bond P Acc GBP

-2.0%

7 Royal London Duration Hedged Credit Z Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.0%

8 BMO Global Absolute Return Bond F Acc GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

GBP

-2.1%

9 Aberdeen Target Return Bond A Acc GBP

-2.5%

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 2.1%
2018 -0.6% 0.4% 0.2% 0.9% -2.0%
2017 6.9% 2.4% 2.5% 0.9% 0.9%
2016 3.3% -2.2% -0.3% 4.3% 1.5%
2015 0.9% 1.4% -0.1% -1.8% 1.5%
2014 2.3% 1.5% 1.8% -0.3% -0.8%
2013 7.1% 1.6% 1.5% 1.8% 2.1%
2012 1.7% 0.0% 0.0% 0.1% 1.6%
2011 0.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

28/02/2019

Top 10 Holdings

Stock Size
United Kingdom 1.750% 22-Jul-2019 9.84%
United Kingdom 2.000% 22-Jul-2020 3.87%
TELEREAL SECURITISATION PLC FRN 10-Dec-2033 0611 1.95%
GBP Cash 1.70%
Law Debent Fin 6.125% 12-Oct-2034 1.40%
British Land Company PLC 5.264% 24-Sep-2035 1.36%
Finance For Residential Social Housing PLC FRN 04-Oct-2058 1.17%
Grosvenor UK Finance PLC 6.500% 29-Sep-2026 1.14%
Co-Operative Bank PLC 4.750% 11-Nov-2021 1.07%
Thames Wtr Ut Cy 7.738% 09-Apr-2058 1.04%
28/02/2019

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date24/09/2012
  • Share Class size102Mn
  • Base currencyGBX
  • ISIN GB00B4K6P774
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment100Mn
  • Min. regular additional investment0

Charges

  • Annual management0.50%
  • Initial investment0.50%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).