Fact sheet: Rathbone Heritage

Fund information
Fund name
Rathbone Heritage Inst Inc
Fund manager company
Rathbone Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund managers
  • Alan Dobbiesince 25/03/2013
  • Elizabeth Davissince 25/03/2013
  • Carl Sticksince 25/03/2013
Fund objective
The objective of the fund is to provide long-term total returns with a strong focus on capital preservation by mitigating downside risk through a robust investment process (capital preservation is not however guaranteed). The Manager intends to achieve the objective primarily through the purchase of ordinary shares. There are no restrictions on the economic sectors or geographic areas in which the fund may invest. It is likely that the Fund will provide a variable income yield.
Benchmark
  • UK Consumer Price Index +5%
Investment style
None
Investment method
Shares
Quick stats
1 Year return
9.1%
1 Year rank in sector
-
Sector
UT Unclassified
Yield
1.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.9%
Fund size
£20m (£16m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
73
Bid price
131.18
Offer price
131.67
Top in this sector
Fund name1 Year
Santander Global Emg Shs Pfl23.5%
Aberdeen Stg Index-Linked Bd20.4%
Architas MA Passive Dynamic20.2%
HSBC Wld Sel Dynamic Pfl19.6%
Scot Wid UK Index Linked Gilt18.4%
...more in UT Unclassified

Performance snapshot

Holdings snapshot

  • USA28.8%
    Europe28.2%
    Money Market24.4%
    UK15.3%
    Asia Pacific3.4%
  • Cash & Cash Equivalents24.4%
    Consumer Services24.1%
    Industrials14.4%
    Consumer Goods12.9%
    Financials12.5%
  • US Equities28.8%
    European Equities28.2%
    Money Market24.4%
    UK Equities15.3%
    Asia Pacific Equities3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-1.2%5.7%9.1%31%-
Sector-0.9%-1%6.1%8.2%17.7%39.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund7.3%9.2%9.3%--
Sector8.3%1.7%5.7%9.6%9.3%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.39
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.24
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.73
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.21
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.09
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.88
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.78
Price movement
52 week high138.2
52 week low111.69
Current bid price131.18
Current offer price131.67
Current mid price-
Region
1USA28.79%
2Europe28.2%
3Money Market24.35%
4UK15.28%
5Asia Pacific3.38%
Industry sector
1Cash & Cash Equivalents24.35%
2Consumer Services24.07%
3Industrials14.41%
4Consumer Goods12.89%
5Financials12.48%
6Health Care5%
7Technology4.8%
8Basic Materials2%
Asset type
1US Equities28.79%
2European Equities28.2%
3Money Market24.35%
4UK Equities15.28%
5Asia Pacific Equities3.38%
Individual holdings
1RELX NV3.6%
2AIA GROUP LTD3.38%
3KINEPOLIS GROUP3.38%
4MASTERCARD INC3.17%
5TAKKT AG3.11%
6RECKITT BENCKISER GROUP PLC3%
7SAMPO CORP2.91%
8DELPHI AUTOMOTIVE PLC2.82%
9ANHEUSER-BUSCH INBEV SA/NV2.64%
Management
Fund manager group
Rathbone Unit Trust Management
Fund manager company
Rathbone Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund objective
The objective of the fund is to provide long-term total returns with a strong focus on capital preservation by mitigating downside risk through a robust investment process (capital preservation is not however guaranteed). The Manager intends to achieve the objective primarily through the purchase of ordinary shares. There are no restrictions on the economic sectors or geographic areas in which the fund may invest. It is likely that the Fund will provide a variable income yield.
Benchmark
  • UK Consumer Price Index +5%
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Alan Dobbie25/03/2013Alan joined Rathbones in October 2005. He became manager of Rathbone Blue Chip Income & Growth Fund in January 2012 and co-manager of the Rathbone Heritage Fund in March 2013. He graduated from the University of Strathclyde with an MSc Finance and also holds degrees in Accounting and Chemical Sciences from the Universities of Glasgow and Edinburgh, respectively. Alan holds the IMC (Investment Management Certificate) and is a CFA (Chartered Financial Analyst) charter-holder
Elizabeth Davis25/03/2013Elizabeth is the assistant fund manager on the Rathbone Income Fund and co-manages the Rathbone Heritage Fund. She joined Rathbones in January 2005 as a quantitative analyst after graduating from the University of Oxford (Lady Margaret Hall). She holds an MA in Mathematical Sciences. Liz supports fund managers on the income mandates through quantitative stock screening and fundamental research on companies. She also profiles relative and absolute risk across the funds. Prior to joining Rathbone Unit Trust Management, Elizabeth worked on temporary assignments with Accord Holdings Ltd, a media advertising business. She holds the Investment Management Certificate and is a CFA (Chartered Financial Analyst) Charterholder.
Carl Stick25/03/2013Carl graduated from the University of Southampton in 1991 with a BA Honours degree in English Literature. Having served in several non-investment related jobs, he took up a position as an assistant private client manager with stockbroking firm Neilson Cobbold, Tunbridge Wells in 1996. Rathbones acquired Neilson Cobbold, and Carl transferred to London in 1998. In August 1998, after two years as a discretionary investment manager, he became an assistant fund manager working alongside Hugh Priestley. Carl took over the management of the Rathbone Income Fund in January 2000. Since October 2001, Carl has been a Board Director of Rathbone Unit Trust Management and plays a key role in the development of Rathbone's investment process and business strategy. He is also I.I.M.R-qualified and a Fellow of the Securities Institute.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Rathbone Heritage Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price140.47
Offer price140.98
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTBW
Rathbone Heritage Inst Acc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price140.47
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTDV
Rathbone Heritage Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price131.18
Offer price131.67
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGTBX
Rathbone Heritage Inst Inc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price131.18
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGTDW
Rathbone Heritage S Acc
Initial charge-
Annual charge0.5%
Min single investment£30,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)-
Bid price142.29
Offer price142.8
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeID1J
Rathbone Heritage S Acc NAV
Initial charge-
Annual charge0.5%
Min single investment£30,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price142.29
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ7UR
Rathbone Heritage S Inc
Initial charge-
Annual charge0.5%
Min single investment£30,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)-
Bid price132.92
Offer price133.4
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeID1K
Rathbone Heritage S Inc NAV
Initial charge-
Annual charge0.5%
Min single investment£30,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price132.92
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ7UQ
Data provided by

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