Royal London Short Duration Credit Fund

Select share classes

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income

Category GBP Corporate Bond - Short Term
star-filledstar-filledstar-filledstar-filledstar-filled
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

£0.971/£0.971

arrow-up£0.002 (+0.26%)

Fund Code

RODMI

BJ4KW80

GB00BJ4KW800

Prices updated as at 01 May 2026
|
Prices in GBP
Investment objective
The Fund’s investment objective is to achieve a total return over the medium term, which should be considered as a period of 3-5 years, by predominantly investing in sterling-denominated bonds, which will primarily be short-duration (5 years or less). At least 80% of the Fund will be invested in the bonds of companies and other organisations (known as corporate bonds) that are listed in sterling, of which 70% will have a duration of less than five years. Floating-rate notes, asset-backed securities, supranational bonds and agency bonds are included in this segment of the Fund.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 31/03/2026

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Stock style

Large core

54.14%

% Weight
Value
Core
Growth
Large

3

54

7

Medium

5

10

5

Small

7

7

2

  • Interest rate risk

    Bond %
    Avg credit qualityBB
    Avg wtd coupon5.92
    Modified duration-

  • Credit quality breakdown

    Rating% of Bond
    AAA3.67
    AA4.15
    A13.01
    BBB52.61
    BB13.31
    B1.77
    Below B1.19
    Not Rated10.29

Valuation

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income
GBP Corporate Bond - Short Term

10.36

10.36
10.29

1.39

1.39
1.26

1.14

1.14
1.09

8.71

8.71
8.74

Growth rate

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income
GBP Corporate Bond - Short Term

15.59%

15.59%
15.61%

2.94%

2.94%
2.89%

32.43%

32.43%
32.58%

Top 10 holdings

1
M&G PLC 5.625%
Sector
-
Country
United Kingdom
% of assets
1.4291
2
Lloyds Banking Group PLC 2.707%
Sector
-
Country
United Kingdom
% of assets
1.03033
3
Electricite de France SA 7.375%
Sector
-
Country
France
% of assets
1.02879
4
Eversholt Funding PLC 6.697%
Sector
-
Country
United Kingdom
% of assets
0.95987
5
HSBC Holdings PLC 8.201%
Sector
-
Country
United Kingdom
% of assets
0.89596
6
BP Capital Markets PLC 4.25%
Sector
-
Country
United Kingdom
% of assets
0.85738
7
SW (Finance) I PLC 6.875%
Sector
-
Country
United Kingdom
% of assets
0.82994
8
NatWest Group PLC 5.642%
Sector
-
Country
United Kingdom
% of assets
0.82822
9
South West Water Finance PLC 5.75%
Sector
-
Country
United Kingdom
% of assets
0.82648
10
Credit Agricole S.A. 5.5%
Sector
-
Country
France
% of assets
0.81664
Assets in top 10 holdings %

9.50%

Total no. of equity holdings

1.00

Total no. of bond holdings

342.00

Stock sectors

Royal London Bond Funds II ICVC - Royal London Short Duration Credit Fund M Income
GBP Corporate Bond - Short Term

71.54%

Basic materials

1.67%
-

Con cyclical

11.67%
-

Financial svs

55.56%
-

Real estate

2.64%
-

20.38%

Comm services

2.96%
-

Energy

2.43%
-

Industrials

7.86%
-

Technology

7.14%
-

8.08%

Con defensive

4.10%
-

Healthcare

2.69%
-

Utilities

1.29%
-


Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.


Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
© Copyright 2026 Morningstar. All rights reserved.