Rathbones Asset Management Limited Multi Asset Total Return Portfolio S Class Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

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		 31/03/25
to
31/03/26
Fund 5.7% -2.1% 7.1% 2.7% 6.6%
Sector 4.0% -4.6% 9.6% 3.5% 10.1%
Rank 53/179 16/182 144/198 145/201 166/206
Quartile 2 1 3 3 4

Annualised performance

Annualised
3 Years to
31/03/26		 5 Years to
31/03/26		 10 Years to
31/03/26
Fund 5.5% 4.0% 4.1%
Sector 7.7% 4.4% 5.5%
Rank 162/198 97/179 66/96
Quartile 4 3 3

Top 10 Holdings

Stock % Weight
⅞% Green Gilt 2033 7.30
⅜% Treasury Gilt 2030 6.40
⅝% Treasury Gilt 2035 5.03
S-Note-SGI VRR ELN 08/27 2.99
US TRE 4.625% 15/02/2035 2.98
ISHAR PNOTE 8/30(GOLDSAC) 2.68
MLBV WTS 05/28(MERRILL) 2.20
AUSTRALIA 2.75% 21/06/35 2.11
CITIGROUP 0% 08/29 2.00
ENSEMBLE INV ELN 29/06/26 1.89
Total 35.58

Fund Aims

We aim to deliver a greater total return than the Bank of England's Base Rate + 2%, after fees, over any three-year period by investing with our Liquidity, Equity-type risk and Diversifiers (LED) framework. 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 and dividend payments). We use the Bank of England's Base Rate + 2% as a target for our fund’s return because we aim to provide a return in excess of what you would receive in a UK savings account. There is no guarantee that we will achieve a total return over a three-year, or any, time period. This is an investment product, not a cash savings account. Your capital is at risk. We aim to deliver this return with no more than one-third of the volatility of the FTSE Developed stock market Index. As an indication, if global stock markets fall our fund value should be expected to fall by around one-third of that amount. Because we measure volatility over a three-year period, some falls may be larger or smaller over shorter periods of time. We aim to limit the amount of volatility risk our fund can take because we want our investors to understand the risk they are taking in terms of the global stock market.

Fund Manager

David Coombs manager for 16 years and 9 months

Photo of David Coombs David is head of the team that is responsible for managing the Rathbone Multi-Asset Portfolio funds. He joined Rathbones in 2007 after spending 19 years with Baring Asset Management where he managed multi asset funds and segregated mandates. He began his career with Hambros Bank in 1984.

Will McIntosh-Whyte manager for 10 years and 6 months

Photo of Will McIntosh-Whyte Will Mcintosh-Whyte is a fund manager on the Rathbone Multi-Asset Portfolio Funds, the offshore Luxembourg-based SICAVs, as well as the Rathbones Managed Portfolio Service (MPS), working alongside David Coombs. He is also responsible for managing the Rathbone Greenbank Multi-Asset Portfolio funds.Will joined Rathbones in 2007, having worked previously as a specialist researcher for Theisen Securities. At Rathbones, he joined the charities team, and was appointed as an investment manager in 2011, running institutional multi-asset mandates. He has been on the Multi-Asset team since 2015 and is member of Rathbones’ Fixed Income Funds Committee. Will graduated from the University of Manchester Institute of Science of Technology with a BSc Hons in Management, and is a CFA charter-holder.

Fund Overview

Mid (08/04/2026) 179.58p
Historic yield 2.30%
Fund size (28/02/2026) £759.30m
Number of holdings 126
Entry Charge 0.00%
Ongoing Charges 0.54%
Launch date 08/06/2009

Asset Allocation

pie chart
  International Equities 24.57%
  International Bonds 24.43%
  UK Gilts 19.21%
  Cash and Equivalents 8.89%
  UK Equities 6.06%
  UK Corporate Bonds 4.72%
  Commodities 2.83%
  Investment Trusts 1.30%
  Property 0.53%
  Other Assets 7.45%

Commentary

SEE https://www.rutm.com/pa/investment-notes.aspx

Portfolio data accurate as at: 28/02/26

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

pie chart
  International Equities 24.57%
  International Bonds 24.43%
  UK Gilts 19.21%
  Cash and Equivalents 8.89%
  UK Equities 6.06%
  UK Corporate Bonds 4.72%
  Commodities 2.83%
  Investment Trusts 1.30%
  Property 0.53%
  Other Assets 7.45%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 48.37% - - -
 
 Cash and Equivalents 8.89% - - -
 
 Non-Classified 7.49% - - -
 
 Financials 6.75% - - -
 
 Financial Services - 3.97% - -
 
 Investment Banking & Brokerage Services - - 2.13% -
 
 Investment Services - - - 1.18%
 
 Asset Managers & Custodians - - - 0.95%
 
 Equity Investment Instruments - - 1.30% -
 
 Equity Investment Instruments - - - 1.30%
 
 Finance & Credit Services - - 0.55% -
 
 Financial Data & Systems - - - 0.55%
 
 Banks - 1.46% - -
 
 Banks - - 1.46% -
 
 Banks - - - 1.46%
 
 Insurance - 1.31% - -
 
 Life Insurance - - 0.98% -
 
 Life Insurance - - - 0.98%
 
 Non-life Insurance - - 0.33% -
 
 Property & Casualty Insurance - - - 0.33%
 
 Technology 6.49% - - -
 
 Technology - 6.49% - -
 
 Software & Computer Services - - 3.49% -
 
 Software - - - 1.61%
 
 Consumer Digital Services - - - 1.34%
 
 Computer Services - - - 0.54%
 
 Technology Hardware & Equipment - - 3.00% -
 
 Semiconductors - - - 1.35%
 
 Production Technology Equipment - - - 0.68%
 
 Electronic Components - - - 0.54%
 
 Computer Hardware - - - 0.44%
 
 Consumer Discretionary 4.02% - - -
 
 Retail - 1.78% - -
 
 Retailers - - 1.78% -
 
 Diversified Retailers - - - 1.06%
 
 Home Improvement Retailers - - - 0.42%
 
 Specialty Retailers - - - 0.30%
 
 Consumer Products & Services - 1.71% - -
 
 Personal Goods - - 0.87% -
 
 Cosmetics - - - 0.46%
 
 Clothing & Accessories - - - 0.41%
 
 Consumer Services - - 0.47% -
 
 Vending & Catering Service - - - 0.47%
 
 Leisure Goods - - 0.37% -
 
 Consumer Electronics - - - 0.37%
 
 Automobiles & Parts - 0.53% - -
 
 Automobiles & Parts - - 0.53% -
 
 Auto Parts - - - 0.53%
 
 Industrials 3.79% - - -
 
 Industrial Goods & Services - 3.06% - -
 
 Industrial Support Services - - 1.63% -
 
 Transaction Processing Services - - - 0.83%
 
 Professional Business Support Services - - - 0.49%
 
 Industrial Suppliers - - - 0.31%
 
 General Industrials - - 0.65% -
 
 Diversified Industrials - - - 0.65%
 
 Electronic & Electrical Equipment - - 0.40% -
 
 Electrical Components - - - 0.40%
 
 Industrial Transportation - - 0.38% -
 
 Commercial Vehicle-Equipment Leasing - - - 0.38%
 
 Construction & Materials - 0.73% - -
 
 Construction & Materials - - 0.73% -
 
 Building Materials: Other - - - 0.48%
 
 Cement - - - 0.25%
 
 Health Care 3.54% - - -
 
 Health Care - 3.54% - -
 
 Medical Equipment & Services - - 1.88% -
 
 Medical Equipment - - - 1.88%
 
 Pharmaceuticals & Biotechnology - - 1.66% -
 
 Pharmaceuticals - - - 1.32%
 
 Biotechnology - - - 0.34%
 
 Commodities 2.83% - - -
 
 Commodities - 2.83% - -
 
 Commodities - - 2.83% -
 
 Commodities - - - 2.83%
 
 Utilities 2.46% - - -
 
 Utilities - 2.46% - -
 
 Gas, Water & Multi-utilities - - 1.45% -
 
 Multi-Utilities - - - 1.45%
 
 Electricity - - 0.51% -
 
 Conventional Electricity - - - 0.51%
 
 Waste & Disposal Services - - 0.51% -
 
 Waste & Disposal Services - - - 0.51%
 
 Energy 1.56% - - -
 
 Energy - 1.56% - -
 
 Non-Renewable Energy - - 1.56% -
 
 Integrated Oil & Gas - - - 1.56%
 
 Real Estate 1.30% - - -
 
 Real Estate - 1.30% - -
 
 Real Estate Investment Trusts - - 1.30% -
 
 Other Specialty REITs - - - 0.53%
 
 Infrastructure REITs - - - 0.39%
 
 Storage REITs - - - 0.38%
 
 Telecommunications 0.86% - - -
 
 Telecommunications - 0.86% - -
 
 Telecommunications Equipment - - 0.55% -
 
 Telecommunications Equipment - - - 0.55%
 
 Telecommunications Service Providers - - 0.32% -
 
 Telecommunications Services - - - 0.32%
 
 Basic Materials 0.61% - - -
 
 Chemicals - 0.61% - -
 
 Chemicals - - 0.61% -
 
 Chemicals: Diversified - - - 0.61%
 
 Consumer Staples 0.60% - - -
 
 Food, Beverage & Tobacco - 0.60% - -
 
 Beverages - - 0.60% -
 
 Soft Drinks - - - 0.60%
 
 Alternative Trading Strategies 0.43% - - -
 
 Alternative Trading Strategies - 0.43% - -
 
 Alternative Trading Strategies - - 0.43% -
 
 Alternative Trading Strategies - - - 0.43%

Regional Allocation

pie chart
  UK 30.00%
  Developed Europe - Excl UK 21.22%
  North America 19.58%
  Cash and Equivalents 8.89%
  Non-Classified 8.75%
  Australia & New Zealand 6.39%
  Commodities 2.83%
  Developed Asia 1.41%
  Emerging Asia 0.57%
  Japan 0.37%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 42.74%
  Pound Sterling 32.01%
  Cash 8.89%
  US Dollar 7.38%
  Australian Dollar 3.83%
  Euro 2.42%
  Other Currencies 2.73%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 30.00% -
 
 United Kingdom - 30.00%
 
 Developed Europe - Excl UK 21.22% -
 
 Luxembourg - 6.18%
 
 Netherlands - 4.26%
 
 Switzerland - 3.63%
 
 France - 2.45%
 
 Germany - 1.63%
 
 Norway - 1.24%
 
 Ireland - 1.09%
 
 Sweden - 0.48%
 
 Spain - 0.26%
 
 North America 19.58% -
 
 United States - 18.66%
 
 Canada - 0.92%
 
 Cash and Equivalents 8.89% -
 
 Non-Classified 8.75% -
 
 Australia & New Zealand 6.39% -
 
 Australia - 4.89%
 
 New Zealand - 1.49%
 
 Commodities 2.83% -
 
 Developed Asia 1.41% -
 
 Singapore - 0.92%
 
 Hong Kong - 0.49%
 
 Emerging Asia 0.57% -
 
 Taiwan - 0.57%
 
 Japan 0.37% -
 
 Japan - 0.37%

Breakdown By Market Cap (%)

Mega
 
 
22.87%
Large
 
 
4.24%
Medium
 
 
1.01%
Non-Classified
 
 
14.62%
Bonds
 
 
48.37%
Cash
 
 
8.89%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
19.26%
5Yr - 10Yr Maturity
 
 
27.20%
10Yr - 15Yr Maturity
 
 
0.20%
> 15Yr Maturity
 
 
1.71%
Cash And Equivalents
 
 
8.89%
Unknown Maturity
 
 
10.27%
Other Asset Types
 
 
32.47%

Fixed Interest Quality Profile

AAA
 
 
9.07%
AA
 
 
22.19%
A
 
 
2.13%
BBB
 
 
4.08%
Sub-Investment Grade
 
 
0.18%
Unknown Quality
 
 
10.71%
Cash and Equivalents
 
 
8.89%
Other Asset Types
 
 
42.74%

Top 10 Holdings

Stock % Weight Sector Country
1 ⅞% Green Gilt 2033 7.30% Bonds United Kingdom
2 ⅜% Treasury Gilt 2030 6.40% Bonds United Kingdom
3 ⅝% Treasury Gilt 2035 5.03% Bonds United Kingdom
4 S-Note-SGI VRR ELN 08/27 2.99% Non-Classified Non-Classified
5 US TRE 4.625% 15/02/2035 2.98% Bonds United States
6 ISHAR PNOTE 8/30(GOLDSAC) 2.68% Bonds Switzerland
7 MLBV WTS 05/28(MERRILL) 2.20% Bonds Netherlands
8 AUSTRALIA 2.75% 21/06/35 2.11% Bonds Australia
9 CITIGROUP 0% 08/29 2.00% Bonds Luxembourg
10 ENSEMBLE INV ELN 29/06/26 1.89% Non-Classified Non-Classified

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 B8JBXD3
Mex Code LEPGTB
Isin Code GB00B8JBXD38
Citi Code GRYK

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.54%

Aims and Benchmark

Aims We aim to deliver a greater total return than the Bank of England's Base Rate + 2%, after fees, over any three-year period by investing with our Liquidity, Equity-type risk and Diversifiers (LED) framework. 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 and dividend payments). We use the Bank of England's Base Rate + 2% as a target for our fund’s return because we aim to provide a return in excess of what you would receive in a UK savings account. There is no guarantee that we will achieve a total return over a three-year, or any, time period. This is an investment product, not a cash savings account. Your capital is at risk. We aim to deliver this return with no more than one-third of the volatility of the FTSE Developed stock market Index. As an indication, if global stock markets fall our fund value should be expected to fall by around one-third of that amount. Because we measure volatility over a three-year period, some falls may be larger or smaller over shorter periods of time. We aim to limit the amount of volatility risk our fund can take because we want our investors to understand the risk they are taking in terms of the global stock market.
Benchmark Bank of England's Base Rate + 2%
Benchmark Category -
IA Sector Volatility Managed

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
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 Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 January 28 February
01 April 31 May
01 July 31 August
01 October 30 November

Ratings

FE Crown Crown Rating of 2

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 £1000
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.