Fact sheet: Royal London Short Dur Gilts

Fund information
Fund name
Royal London Short Duration Gilts M Inc
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
Fund managers
  • Craig Inchessince 07/11/2013
Fund objective
To achieve a combination of income and capital growth over the medium term.
  • FTA < 5 Years Gilts
Investment style
Investment method
Fixed Interest
Quick stats
1 Year return
1 Year rank in sector
UT UK Gilts
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
Fund size
£296m (£147m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Mid price
Top in this sector
Fund name1 Year
Aberdeen Stg Lg Dtd Gov Bd13.7%
Blackrock Inst Bd Over 15 Yr Glt13.7%
Newton Long Gilt13.2%
Vanguard UK Lng DurGlt Id13.2%
Insight UK Gov Lg Mty bond13.1%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

  • No data available.
  • Government Bonds94%
    Index Linked2.4%
    Mortgage & Secured Bonds2.2%
    Financial Services0.8%
    Government Agency Bonds0.6%
  • UK Gilts94%
    Global Corporate Fixed Interest3.6%
    Global Index Linked2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector35 / 3534 / 3433 / 3332 / 3231 / 31-
Calendar performance
 YTD - 20172016201520142013
Rank within sector33 / 3332 / 327 / 3231 / 31-
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
Price movement
52 week high102
52 week low100.8
Current bid price-
Current offer price-
Current mid price101.4
No data available.
Industry sector
1Government Bonds93.98%
2Index Linked2.4%
3Mortgage & Secured Bonds2.18%
4Financial Services0.75%
5Government Agency Bonds0.58%
6General Industrials0.11%
Asset type
1UK Gilts93.98%
2Global Corporate Fixed Interest3.62%
3Global Index Linked2.4%
Individual holdings
1UK TREASURY 1% 07/09/201720.63%
2UNITED KINGDOM 5%/07-07.03.201813.8%
3TREASURY 3.75% GILT 07/09/19 GBP0.0110.68%
4TREASURY 4.75% GILT 20207.7%
5TREASURY 1.25% GILT 22/7/18 GBP0.017.48%
6TREASURY 4.5% GILT 07/03/2019 GBP0.016.92%
7TREASURY 3.75% GILT 7/9/20 GBP0.016.05%
8TREASURY 3.75% GILT 07/09/21 GBP5.92%
9TREASURY 2% GILT 22/07/20 GBP0.015.75%
Fund manager group
Royal London Unit Tst Mgrs
Fund manager company
Royal London Unit Tst Mgrs Ltd
Fund type
Fund objective
To achieve a combination of income and capital growth over the medium term.
  • FTA < 5 Years Gilts
Investment style
Investment method
Fixed Interest
Fund managers
Craig Inches07/11/2013Craig joined RLAM in January 2009 as a fund manager with the fixed interest team. He is responsible for the management of government bond portfolios including index-linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP) where he was Fixed Income Investment Director. At SWIP, Craig built up a strong track record across a wide range of fixed income funds. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
IA Recognised, UCITS IV Compliant
No data available.
Fund for sale in
United Kingdom
Royal London Short Duration Gilts M Inc
Initial charge-
Annual charge0.2%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.4
Price updated25/05/2017
Institutional or retail classRetail
Citi codeJPBT
Royal London Short Duration Gilts Z Inc
Initial charge-
Annual charge0.15%
Min single investment£1,000,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.7
Price updated25/05/2017
Institutional or retail classInstitutional
Citi codeJPBU
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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.