Royal London Corporate Bond Class M Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

31/03/20
to
31/03/21		 31/03/21
to
31/03/22		 31/03/22
to
31/03/23		 31/03/23
to
31/03/24		 31/03/24
to
31/03/25
Fund 10.9% -2.4% -9.3% 10.4% 5.2%
Sector 9.0% -4.2% -9.1% 7.4% 3.2%
Rank 23/89 7/89 35/92 5/94 14/96
Quartile 1 1 2 1 1

Annualised performance

Annualised
3 Years to
31/03/25		 5 Years to
31/03/25		 10 Years to
31/03/25
Fund 1.7% 2.7% 3.0%
Sector 0.2% 1.0% 1.8%
Rank 21/92 14/89 2/69
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
ICF Long Gilt Future MAR 2025 14.92
GBP FWD FX CONTRACT 08 JAN 2025 12.79
HSBC Bank Fund 5.844% VRN Perp 2.04
Legal And General Group 5.5% VRN 27/06/2064 1.85
CoOperative Bank Finance PlcThe 6% VRN 06/04/2027 1.49
Barclays Bank PLC 6.278% VRN Perp 1.32
M&G Plc 5.7% VRN 19/12/2063 1.28
Virgin Money UK PLC 7.625% VRN 23/08/2029 1.26
Assicurazioni Generali 6.269% Perp 1.25
Standard Chartered 6.409% VRN Perp 1.24
Total 39.46

Fund Aims

The fund’s investment objective is to achieve a total return over the medium term (3-5 years), by investing at least 80% in sterlingdenominated corporate bonds. The fund's performance target is to outperform, after the deduction of charges, the iBoxx Sterling Non-Gilt Total Return GBP Index (the "Index") over a rolling 5-year period. For further information on the fund's index, please refer to the Prospectus.

Fund Manager

Shalin Shah manager for 7 years and 6 months

Photo of Shalin Shah Shalin Shah joined the Fixed Income team in 2008. Prior to becoming a credit Fund Manager Shalin was involved in a variety of areas including LDI (Liability Driven Investment) product development and risk management. Before joining RLAM, Shalin 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 MORSE (Mathematics, Operational Research, Statistics and Economics) from the University of Warwick and is a qualified actuary.

Matt Franklin manager for 3 years and 2 months

Photo of Matt Franklin Matt is responsible for the management of a variety of sterling corporate bond portfolios, as co-manager of Royal London Sustainable Managed Income, Sustainable Managed Growth, Corporate Bond Monthly Income and Corporate Bond, as well as several segregated portfolios. He joined RLAM’s Sterling Credit team in 2014 as a credit analyst, building a deep understanding of both unsecured corporate bonds and asset backed securities across a variety of sectors, as well as playing a key role in the development of the team’s approach to ESG integration. Matt has a degree in Economics from Durham University, is a CFA Charterholder, and a Certified Financial Risk Manager (FRM).

Fund Overview

Mid (04/04/2025) 161.10p
Distribution yield 5.27%
Underlying yield -
Fund size (30/11/2024) £1457.03m
Number of holdings 363
Entry Charge 0.00%
Ongoing Charges 0.56%
Launch date 26/11/2012

Asset Allocation

pie chart
  UK Corporate Bonds 59.47%
  International Bonds 24.06%
  UK Equities 1.70%
  UK Gilts 0.02%
  Cash and Equivalents -0.69%
  Other Assets 15.45%
Portfolio data accurate as at: 30/11/24

Important Information

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.

This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.