We aim to deliver a greater total return than the Investment Association (IA) Sterling Corporate Bond sector, after fees, over any rolling five-year period. Total return means the return we receive from the value of our investments increasing (capital growth) plus the income we receive from our investments (interest payments). We use the IA Sterling Corporate Bond sector as a target for our fund's return because we aim to achieve a better return than the average of funds that are similar to ours.
Fund Manager
Stuart Chilversmanager
for
1 years
and 1 months
Stuart joined Rathbones in September 2017. He assists in the management of the Rathbone Ethical Bond Fund and the Rathbone Strategic Bond Fund. He also manages the Rathbone High Quality
Bond Fund since April 2023. Stuart holds a first-class Bachelor’s degree in Mathematics.
Bryn Jonesmanager
for
19 years
and 6 months
Bryn is the Head of Fixed Income for Rathbones, and is lead manager on the Rathbone Ethical Bond Fund, the Rathbone Strategic Bond Fund and manager of institutional mandates. He joined Rathbones in November 2004 from Merrill Lynch, where he managed $2 billion of fixed income assets.
Bryn is a member of the Rathbone Strategic Asset Allocation Committee, Non-Executive Chairman of Rathbones' Fixed Income Committee, and an adviser to the Rathbone Banking Committee. He is a WMA representative for the HMT DMO’s (Her Majesty’s Treasury - Debt Management Office) Gilt market consultation process. He has been a guest speaker at the Euromoney Bond Conference in London, and at the Euromoney Bank Capital Conference in Amsterdam. Bryn appears regularly on CNBC and Bloomberg TV. He also sits on the IA Fixed Income Committee.
Bryn graduated from Birmingham University with a Bachelor of Arts degree in Geography in 1995. Bryn’s Rathbone Ethical Bond Fund was awarded Best Sterling Corporate Bond Fund at the Morningstar UK Fund Awards 2014; Best SRI Bond Fund at the Money Observer 2015 Fund Awards; the Rathbone Ethical Bond Fund is also a top performer in the Bond Pound Sterling – Corporates sector over 3 and 5 years in the UK (Lipper Fund Award 2015) and was ‘Highly Commended’ at the 2015 Moneywise Awards. In 2018 the Ethical bond fund won the prestigious Judge’s Choice fixed Income fund award at the Investment Week awards. His Rathbone Strategic Bond fund was voted best Multi-Asset Fixed Income Strategy at the Investment Week Specialist Investment Awards 2015.
Fund Overview
Mid (29/04/2024)
224.54p
Distribution yield
5.00%
Underlying yield
4.40%
Fund size (31/12/2023)
£2138.68m
Number of holdings
226
Entry Charge
0.00%
Ongoing Charges
0.66%
Launch date
14/05/2002
Asset Allocation
UK Corporate Bonds
54.21%
International Bonds
26.14%
UK Gilts
4.88%
Cash and Equivalents
1.66%
UK Equities
0.94%
Alternative Trading Strategies
0.06%
Other Assets
12.12%
Commentary
SEE https://www.rutm.com/pa/investment-notes.aspx
Portfolio data accurate as at: 31/12/23
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Portfolio data accurate as at:
Asset Allocation
UK Corporate Bonds
54.21%
International Bonds
26.14%
UK Gilts
4.88%
Cash and Equivalents
1.66%
UK Equities
0.94%
Alternative Trading Strategies
0.06%
Other Assets
12.12%
Bond Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Bonds
85.23%
-
-
-
Non-Classified
12.12%
-
-
-
Cash and Equivalents
1.66%
-
-
-
Financials
0.93%
-
-
-
Banks
-
0.93%
-
-
Banks
-
-
0.93%
-
Banks
-
-
-
0.93%
Alternative Trading Strategies
0.06%
-
-
-
Alternative Trading Strategies
-
0.06%
-
-
Alternative Trading Strategies
-
-
0.06%
-
Alternative Trading Strategies
-
-
-
0.06%
Regional Allocation
UK
60.03%
Developed Europe - Excl UK
21.25%
Non-Classified
16.16%
Cash and Equivalents
1.66%
North America
0.68%
Australia & New Zealand
0.22%
Fixed Interest Currencies
Pound Sterling
72.03%
Non-Fixed Interest Assets
13.11%
US Dollar
8.13%
Euro
4.53%
Cash
1.66%
Australian Dollar
0.53%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
60.03%
-
United Kingdom
-
60.03%
Developed Europe - Excl UK
21.25%
-
France
-
9.46%
Ireland
-
4.65%
Spain
-
4.10%
Netherlands
-
1.03%
Luxembourg
-
0.72%
Germany
-
0.64%
Norway
-
0.29%
Italy
-
0.26%
Denmark
-
0.11%
Non-Classified
16.16%
-
Cash and Equivalents
1.66%
-
North America
0.68%
-
United States
-
0.68%
Australia & New Zealand
0.22%
-
Australia
-
0.22%
Fixed Interest Maturity Profile
< 5Yr Maturity
15.23%
5Yr - 10Yr Maturity
20.50%
10Yr - 15Yr Maturity
5.43%
> 15Yr Maturity
44.08%
Cash And Equivalents
1.66%
Unknown Maturity
11.88%
Other Asset Types
1.23%
Fixed Interest Quality Profile
AAA
0.39%
AA
5.65%
A
19.89%
BBB
37.79%
Sub-Investment Grade
1.93%
Unknown Quality
19.57%
Cash and Equivalents
1.66%
Other Asset Types
13.11%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
1½% Green Gilt 2053
4.51%
Bonds
United Kingdom
2
HSBC FD 5.844% VRN PERP
2.62%
Bonds
United Kingdom
3
SCOTTISH WIDOW 7% 16/6/43
1.97%
Bonds
United Kingdom
4
AXA SA 6.379% VRN PERP
1.90%
Bonds
France
5
PHO 7.75% VRN 06/12/2053
1.71%
Bonds
Ireland
6
AVIVA 6.875% VRN 20/05/58
1.67%
Bonds
United Kingdom
7
BAN 2.25% VRN 04/10/2032
1.59%
Bonds
Spain
8
RL FIN 4.875% VRN 10/49
1.52%
Bonds
United Kingdom
9
AXA SA 5.453% VRN Perp
1.51%
Bonds
France
10
LEG 3.75% VRN 26/11/2049
1.47%
Bonds
United Kingdom
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Identification Codes
Sedol Code
B77DQT1
Mex Code
LETHBO
Isin Code
GB00B77DQT14
Citi Code
0WF6
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.66%
Aims and Benchmark
Aims
We aim to deliver a greater total return than the Investment Association (IA) Sterling Corporate Bond sector, after fees, over any rolling five-year period. Total return means the return we receive from the value of our investments increasing (capital growth) plus the income we receive from our investments (interest payments). We use the IA Sterling Corporate Bond sector as a target for our fund's return because we aim to achieve a better return than the average of funds that are similar to ours.
Benchmark
IA Corporate Bond Sector* (*indicative purposes only)
Benchmark Category
-
IA Sector
£ Corporate Bond
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
Unit Trust
Launch price
£1.00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Quarterly
Distribution Type
Interest
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 January
29 February
01 April
31 May
01 July
31 August
01 October
30 November
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
The National Westminster Bank plc
Fund Administrator
SS&C Financial Services International Limited
Fund Registrar
SS&C Financial Services International Limited
Fund Custodian
HSBC Bank plc
Group Details
Group name
Rathbones Asset Management Limited
Group address
8 Finsbury Circus
London
EC2M 7AZ
Group telephone
020 7399 0000
Dealing telephone
08459 220044
Email
rutm@rathbones.com
Homepage
www.rutm.com
Fax number
020 7399 0011
Dealing
Minimum Investment
£1000000
Minimum Top Up
£500
Minimum Regular Saving
-
Settlement Period: Buy
4 days
Settlement Period: Sell
4 days
Pricing Basis
Forward
Dealing Decimals
2
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Important Information
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Stuart joined Rathbones in September 2017. He assists in the management of the Rathbone Ethical Bond Fund and the Rathbone Strategic Bond Fund. He also manages the Rathbone High Quality
Bond Fund since April 2023. Stuart holds a first-class Bachelor’s degree in Mathematics.
United Kingdom
France
Ireland
Spain
Netherlands
Luxembourg
Germany
Norway
Italy
Denmark
United States
Australia
