Morningstar Fund Report  | 23/04/2025Print

Royal London Short Term Fixed Income Fund X Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Royal London Short Term Fixed Income Fund X Inc
Fund0.10.95.15.71.2
+/-Cat-----
+/-B’mrk-----
 
Category: Money Market - Other
Category Benchmark: -
Key Stats
NAV
23/04/2025		 GBX 101.18
Day Change 0.02%
Morningstar Category™ Money Market - Other
IA (formerly IMA) Sector Unclassified Sector
ISIN GB00BYQQ0M11
Fund Size (Mil)
02/01/2025		 GBP 3954.07
Share Class Size (Mil)
31/03/2025		 GBP 115.94
Max Initial Charge -
Ongoing Charge
17/02/2025		  0.11%
Investment Objective: Royal London Short Term Fixed Income Fund X Inc
The Fund’s investment objective is to achieve a total return over rolling 12-month periods by primarily investing in Short Term Fixed Income Securities. The Fund will invest at least 70% in Short Term Fixed Income Securities. Short Term Fixed Income securities are instruments, which will have a duration of 0-18 months. In a normal market environment these instruments can be easily and quickly liquidated.
Returns
Trailing Returns (GBP)23/04/2025
YTD1.51
3 Years Annualised4.46
5 Years Annualised2.82
10 Years Annualised-
12 Month Yield 5.41
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Tony Cole
18/05/2015
Craig Inches
02/03/2012
Inception Date
12/10/2016

Category Benchmark
Fund BenchmarkMorningstar Benchmark
SONIA-
Portfolio Profile for  Royal London Short Term Fixed Income Fund X Inc31/03/2025
Fixed Income
Effective Maturity-
Effective Duration0.14
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond50.350.0050.35
Property0.000.000.00
Cash64.9315.2849.65
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  Royal London Short Term Fixed Income Fund X Inc
Category:  Money Market - Other
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return0.501.160.920.110.875.145.661.23
+/- Category--------
+/- Category Index--------
% Rank in Category-
Trailing Returns (GBP)23/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.02   --
1 Week0.09   --
1 Month0.40   --
3 Months1.17   --
6 Months2.41   --
YTD1.51   --
1 Year5.33   --
3 Years Annualised4.46   --
5 Years Annualised2.82   --
10 Years Annualised-   --
 
Category: Money Market - Other
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.23---
20241.421.461.441.23
20231.031.071.481.46
2022-0.260.130.110.90
20210.050.030.030.00
2020-0.310.770.340.12
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Money Market - OtherClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev0.57 %
3-Yr Mean Return4.38 %
 
3-Yr Sharpe Ratio1.33
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar GBP 1M Cash GR GBP
3-Yr Beta-1.01
3-Yr Alpha-0.33
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 3975
Maturity Distribution %
1 to 371.23
3 to 518.80
5 to 72.03
7 to 100.00
10 to 150.00
15 to 200.00
20 to 300.00
Over 300.00
Effective Maturity-
Effective Duration0.14
Credit Quality Breakdown %     %
AAA48.50   BB0.00
AA28.40   B0.00
A23.10   Below B0.00
BBB0.00   Not Rated0.00
 
Category: Money Market - Other
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond50.350.0050.35
Property0.000.000.00
Cash64.9315.2849.65
Other0.000.000.00
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings41
Assets in Top 10 Holdings24.23
NameSectorCountry% of Assets
United Overseas Bank Ltd. 5.45884%Singapore3.73
BNP Paribas SA 4.82%France3.20
Westpac Banking Corp. 5.2536%Australia3.20
Australia and New Zealand Banking Gro... Australia3.01
TSB Bank PLC 5.05716%United Kingdom2.88
The Toronto-Dominion Bank 5.2336%Canada2.80
Federation des Caisses Desjardins du ... Canada2.75
National Bank of Canada 5.55046%Canada2.66
 
Increase Decrease New since last portfolio
Category: Money Market - Other
 
Management
Name of CompanyRoyal London Unit Trust Managers Ltd
Phone+442075066500
Websitewww.rlam.co.uk
Address80 Fenchurch Street United Kingdom
 London   EC3M 4BY
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date12/10/2016
Fund Advisor(s)
Royal London Asset Management Ltd
Fund ManagerTony Cole
Manager Start Date18/05/2015
Fund ManagerCraig Inches
Manager Start Date02/03/2012
Career Start Year1998
Education
Stirling University, M.S.
Heriot-Watt University, B.S.
 
Biography
Craig 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 joins RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP). He has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.11%
Ongoing Charge0.11%
Purchase Details
Minimum Investments
Initial200000000  GBP
Additional1000000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes