Halifax - Buy Funds - Investments

At a glance performance and information

Eligibility:

Share Dealing Account

ISA

ShareBuilder

SIPP

The value of investments, and income from them, can rise and fall so you may get back less than you invest. If you’re unsure about investing, seek independent advice. You may be eligible for financial advice through our partnership with Schroders Personal Wealth

1 W 1 M 3 M 6 M YTD 1 Y 3 Y 5 Y Max

Add to chart:

Fund:

Royal London Short Term Money Market Y Inc
Sector:

IA Short Term Money Market
Benchmark:

Bank Of England Sterling Overnight Index Average

Discrete calendar year performance

Discrete calendar year performance
Investment	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
Royal London Short Term Money Market Y Inc	0.07%	0.03%	2.27%	5.20%	5.13%
IA Short Term Money Market	-0.06%	-0.07%	1.89%	4.62%	4.63%
Bank Of England Sterling Overnight Index Average	0.06%	0.14%	2.22%	4.91%	4.94%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
Royal London Short Term Money Market Y Inc	1.13%	2.36%	5.05%	4.30%	2.58%
IA Short Term Money Market	1.00%	2.10%	4.55%	3.80%	2.24%
Bank Of England Sterling Overnight Index Average	1.04%	2.22%	4.79%	4.12%	2.50%

Overview

Fund Objective: The Fund’s investment objective is to preserve capital and provide an income over rolling 12-month periods by predominantly investing (at least 80% of its assets) in cash and cash equivalents. The Fund’s comparator benchmark is the Bank of England Sterling Overnight Interbank Average (SONIA). For the most appropriate comparison, this should be considered on a ‘before the deduction of fees’ basis. SONIA is the average overnight interest rate UK banks pay for unsecured transactions in sterling. It is considered to be an appropriate benchmark as it is a widely recognised approach to benchmarking short-term money market and fixed income funds.

Manager name	Royal London Unit Tst Mgrs Ltd
Manager start date	31 December 2015
Manager Biography	Craig Inches – Head of Rates and Cash, Craig is Head of Rates and Cash at RLAM, responsible for the management and oversight of RLAM's Rates and Cash business. Craig works closely with Paul Rayner (Head of Alpha Strategies Rates) and the rates team to manage a suite of solutions ranging from enhanced cash through sovereign and global bonds culminating in absolute return. Prior to RLAM, Craig was an investment director with Scottish Widows Investment Partnership, where he gained extensive cash and fixed income experience. Craig has an MSc in Investment Analysis from Stirling University, a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University and is an associate of the UK Society of Investment professionals.

Investment style:	Liquidity,MMF - VNAV
Region (geographical)	Global

Benchmark	Bank Of England Sterling Overnight Index Average
Sector	IA Short Term Money Market
FE fundinfo Rating	5 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	N/A%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.10%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	N/A
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 8,011,317,484.28 GBX

Chart date: April 29, 2025

Top 10 Holdings

Top 10 Holdings
Security	Weight
Santander uk plc 01/04/25	5.30%
Bnp paribas 01/04/25	3.12%
Cooperatieve rabobank u.a 06/05/25	2.99%
Societe generale 01/04/25	2.82%
Sumitomo mitsui banking corp 01/04/25	2.73%
National australia bank 01/04/25	2.49%
Goldman sachs 04/08/25	2.45%
United kingdom of great britain and northern ireland (government) 28/07/25	2.40%
Santander uk plc 12/03/26	2.01%
Ing bank 13/05/25	1.96%

Sectors

Sectors
Sectors	Weight
Money Market	82.58%
Government Bonds	8.80%
Mortgage & Secured Bonds	7.87%
Government Agency Bonds	0.74%

World regions

World regions
Country	Weight
United Kingdom	38.18%
Canada	11.91%
France	7.35%
Netherlands	6.64%
Sweden	6.01%
Australia	5.25%
Japan	4.99%
Germany	4.44%
United States	3.16%
Luxembourg	3.03%

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

Royal London Short Term Money Market Y Inc