We aim to deliver an annual income that is in line with or better than that of the FTSE All-Share Index over any rolling three-year period. We also aim to increase the income we pay you in line with the Consumer Price Index (CPI) measure of inflation over any rolling five-year period.
We aim to generate a greater total return than the FTSE All-Share Index, after fees, over any 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 (dividend payments).
We use the FTSE All-Share Index as a target for our fund’s return and the income we pay because we want to offer you a better income and higher returns than the UK stock market. Increasing your income payments at least in line with the CPI measure of inflation protects your future spending power.
We also compare our fund against the Investment Association (IA) UK Equity Income sector because the funds in it are similar to ours.
Fund Manager
Carl Stickmanager
for
24 years
and 6 months
Carl plays a key role in the development of Rathbones’ investment process and business strategy. He is also the manager of the Rathbone Income Fund, which he has been managing since January 2000.
After Rathbones acquired Neilson Cobbold in 1996, Carl transferred to London in August 1998, where he became an assistant fund manager for the unit trust business, working alongside Hugh Priestley. Carl graduated from the University of Southampton in 1991 with a BA Honours degree in English Literature. He is also I.I.M.R.-qualified and a Fellow of the Securities Institute.
Alan Dobbiemanager
for
5 years
and 9 months
Alan Dobbie joined Rathbones in October 2005. He became co-manager of the Rathbone Income Fund in October 2018. Alan has previously managed and co-managed a number of UK, European and global equity funds for Rathbones. He graduated from the University of Strathclyde with an MSc Finance and also holds degrees in Accounting & Finance and Chemical Sciences from the Universities of Glasgow and Edinburgh, respectively. Alan holds the Investment Management Certificate (IMC) and is a Chartered Financial Analyst (CFA) charter-holder.
Fund Overview
Mid (26/07/2024)
2160.45p
Historic yield
4.28%
Fund size (31/12/2023)
£693.49m
Number of holdings
39
Entry Charge
0.00%
Ongoing Charges
0.78%
Launch date
12/02/1971
Asset Allocation
UK Equities
82.59%
International Equities
13.00%
Cash and Equivalents
4.41%
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 Equities
82.59%
International Equities
13.00%
Cash and Equivalents
4.41%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Consumer Discretionary
17.92%
-
-
-
Consumer Products & Services
-
8.83%
-
-
Household Goods & Home Construction
-
-
4.95%
-
Home Construction
-
-
-
4.95%
Consumer Services
-
-
2.02%
-
Vending & Catering Service
-
-
-
2.02%
Leisure Goods
-
-
1.86%
-
Toys
-
-
-
1.86%
Media
-
4.99%
-
-
Media
-
-
4.99%
-
Publishing
-
-
-
3.26%
Media Agencies
-
-
-
1.74%
Retail
-
4.10%
-
-
Retailers
-
-
4.10%
-
Diversified Retailers
-
-
-
2.52%
Specialty Retailers
-
-
-
1.59%
Financials
16.28%
-
-
-
Banks
-
7.84%
-
-
Banks
-
-
7.84%
-
Banks
-
-
-
7.84%
Insurance
-
5.27%
-
-
Life Insurance
-
-
3.26%
-
Life Insurance
-
-
-
3.26%
Non-life Insurance
-
-
2.01%
-
Full Line Insurance
-
-
-
2.01%
Financial Services
-
3.17%
-
-
Investment Banking & Brokerage Services
-
-
1.65%
-
Investment Services
-
-
-
1.65%
Finance & Credit Services
-
-
1.52%
-
Mortgage Finance
-
-
-
1.52%
Industrials
13.61%
-
-
-
Industrial Goods & Services
-
13.61%
-
-
Industrial Support Services
-
-
7.30%
-
Industrial Suppliers
-
-
-
2.50%
Business Training & Employment Agencies
-
-
-
2.49%
Professional Business Support Services
-
-
-
2.31%
Aerospace & Defence
-
-
3.68%
-
Defense
-
-
-
3.68%
Industrial Engineering
-
-
2.64%
-
Machinery: Specialty
-
-
-
2.64%
Consumer Staples
12.35%
-
-
-
Personal Care, Drug & Grocery Stores
-
6.89%
-
-
Personal Care, Drug & Grocery Stores
-
-
6.89%
-
Personal Products
-
-
-
3.14%
Nondurable Household Products
-
-
-
2.75%
Food Retailers & Wholesalers
-
-
-
1.00%
Food, Beverage & Tobacco
-
5.45%
-
-
Tobacco
-
-
5.45%
-
Tobacco
-
-
-
5.45%
Health Care
9.60%
-
-
-
Health Care
-
9.60%
-
-
Pharmaceuticals & Biotechnology
-
-
9.60%
-
Pharmaceuticals
-
-
-
9.60%
Utilities
7.85%
-
-
-
Utilities
-
7.85%
-
-
Electricity
-
-
4.03%
-
Conventional Electricity
-
-
-
4.03%
Gas, Water & Multi-utilities
-
-
3.82%
-
Multi-Utilities
-
-
-
3.82%
Energy
7.81%
-
-
-
Energy
-
7.81%
-
-
Non-Renewable Energy
-
-
7.81%
-
Integrated Oil & Gas
-
-
-
7.81%
Basic Materials
6.19%
-
-
-
Basic Resources
-
6.19%
-
-
Industrial Metals & Mining
-
-
6.19%
-
General Mining
-
-
-
6.19%
Cash and Equivalents
4.41%
-
-
-
Real Estate
2.49%
-
-
-
Real Estate
-
2.49%
-
-
Real Estate Investment Trusts
-
-
2.49%
-
Storage REITs
-
-
-
2.49%
Technology
1.50%
-
-
-
Technology
-
1.50%
-
-
Software & Computer Services
-
-
1.50%
-
Computer Services
-
-
-
1.50%
Regional Allocation
UK
82.59%
Developed Europe - Excl UK
7.54%
Cash and Equivalents
4.41%
North America
2.74%
Australia & New Zealand
2.72%
Fixed Interest Currencies
Non-Fixed Interest Assets
94.16%
Cash
5.65%
Pound Sterling
0.19%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
82.59%
-
United Kingdom
-
82.59%
Developed Europe - Excl UK
7.54%
-
Switzerland
-
2.53%
Luxembourg
-
2.52%
Ireland
-
2.50%
Cash and Equivalents
4.41%
-
North America
2.74%
-
United States
-
2.74%
Australia & New Zealand
2.72%
-
Australia
-
2.72%
Breakdown By Market Cap (%)
Mega
51.71%
Large
11.71%
Medium
21.59%
Small
1.59%
Non-Classified
8.99%
Cash
4.41%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
ASTRAZENECA
4.12%
Pharmaceuticals & Biotechnology
United Kingdom
2
SHELL
4.06%
Non-Renewable Energy
United Kingdom
3
SSE
4.03%
Electricity
United Kingdom
4
NATIONAL GRID
3.82%
Gas, Water & Multi-utilities
United Kingdom
5
BP
3.75%
Non-Renewable Energy
United Kingdom
6
BAE SYSTEMS
3.68%
Aerospace & Defence
United Kingdom
7
RIO TINTO
3.46%
Industrial Metals & Mining
United Kingdom
8
LLOYDS BANKING GROUP
3.44%
Banks
United Kingdom
9
LEGAL & GENERAL GROUP
3.26%
Life Insurance
United Kingdom
10
RELX
3.26%
Media
United Kingdom
Dual Aspect Equity Analysis
UK Equities
Int'l Equities
UK Bonds
Int'l Bonds
UK Gilts
Property
Other
Cash & Equiv
Total
Technology
1.50%
-
-
-
-
-
-
-
1.50%
Financials
16.28%
-
-
-
-
-
-
-
16.28%
Real Estate
2.49%
-
-
-
-
-
-
-
2.49%
Consumer Discretionary
15.41%
2.52%
-
-
-
-
-
-
17.92%
Consumer Staples
9.61%
2.74%
-
-
-
-
-
-
12.35%
Energy
7.81%
-
-
-
-
-
-
-
7.81%
Utilities
7.85%
-
-
-
-
-
-
-
7.85%
Health Care
7.07%
2.53%
-
-
-
-
-
-
9.60%
Industrials
11.11%
2.50%
-
-
-
-
-
-
13.61%
Basic Materials
3.46%
2.72%
-
-
-
-
-
-
6.19%
Cash and Equivalents
-
-
-
-
-
-
-
4.41%
4.41%
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
B3Q9WG1
Mex Code
LENCOM
Isin Code
GB00B3Q9WG18
Citi Code
0WFG
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.78%
Aims and Benchmark
Aims
We aim to deliver an annual income that is in line with or better than that of the FTSE All-Share Index over any rolling three-year period. We also aim to increase the income we pay you in line with the Consumer Price Index (CPI) measure of inflation over any rolling five-year period.
We aim to generate a greater total return than the FTSE All-Share Index, after fees, over any 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 (dividend payments).
We use the FTSE All-Share Index as a target for our fund’s return and the income we pay because we want to offer you a better income and higher returns than the UK stock market. Increasing your income payments at least in line with the CPI measure of inflation protects your future spending power.
We also compare our fund against the Investment Association (IA) UK Equity Income sector because the funds in it are similar to ours.
Benchmark
IA UK Equity Income* (*indicative purposes only)
Benchmark Category
-
IA Sector
UK Equity Income
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
Unit Trust
Launch price
£0.25
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Biannually
Distribution Type
Dividend
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 April
31 May
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.