Fact sheet: Rathbone Income

Fund information
Fund name
Rathbone Income Inst Inc
Fund manager company
Rathbone Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund managers
  • Carl Sticksince 01/01/2000
  • Elizabeth Davissince 01/01/2016
Accolades
Fund objective
The objective of the fund is to achieve above average and maintainable income but without neglecting capital security and growth. The Manager intends to achieve the objective primarily through the purchase of ordinary shares with an above average yield.There is no restriction on the economic sectors or geographic areas in which the fund may invest. However, investments will always be predominantly in the ordinary shares of UK companies.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Quick stats
1 Year return
16%
1 Year rank in sector
223/276
Sector
UT UK All Companies
Yield
3.5%
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.
0.79%
Fund size
£1,348m (£1,147m 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.
82
Bid price
970.91
Offer price
979.02
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry65.5%
R&M UK Equity Long Term Recovery40.2%
UBS UK Opportunities39.1%
M&G Recovery37.3%
VT The Beagle37%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK78.9%
    International16.1%
    Money Market5%
  • Consumer Services19.1%
    Consumer Goods18.5%
    Financials17.2%
    Health Care12.5%
    Industrials12.2%
  • UK Large Cap Companies60.1%
    UK Mid Cap Companies16.3%
    Others16.1%
    Cash & Cash Equivalents5%
    UK Small Cap Companies2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.4%6.2%4.6%16%28%80%
Sector2.2%7.2%7.3%21.1%16.6%57.4%
Rank within sector56 / 285225 / 282224 / 280223 / 27627 / 26550 / 249
Quartile1st4th4th4th1st1st
Calendar performance
 YTD - 20172016201520142013
Fund3.2%8.4%9.4%7%24.9%
Sector3.3%11.2%3.7%0.6%25.7%
Rank within sector159 / 283194 / 27664 / 26822 / 263146 / 255
Quartile3rd3rd1st1st3rd
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.
3.38
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.
0.83
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.
0.64
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%.
8.38
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.
3.21
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.
0.72
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.
0.89
Price movement
52 week high967.26
52 week low834.57
Current bid price970.91
Current offer price979.02
Current mid price-
Region
1UK78.91%
2International16.14%
3Money Market4.95%
Industry sector
1Consumer Services19.05%
2Consumer Goods18.51%
3Financials17.18%
4Health Care12.52%
5Industrials12.21%
6Cash & Cash Equivalents5.56%
7Utilities4.08%
8Oil & Gas3.64%
9Basic Materials3.56%
Asset type
1UK Large Cap Companies60.07%
2UK Mid Cap Companies16.32%
3Others16.14%
4Cash & Cash Equivalents4.95%
5UK Small Cap Companies2.52%
Individual holdings
1ASTRAZENECA PLC4.38%
2GLAXOSMITHKLINE3.99%
3BRITISH AMERICAN TOBACCO3.85%
4ROYAL DUTCH SHELL3.64%
5RIO TINTO3.56%
6RECKITT BENCKISER GROUP PLC3.55%
7HSBC HLDGS3.32%
8UNILEVER3.02%
9RELX NV2.94%
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 achieve above average and maintainable income but without neglecting capital security and growth. The Manager intends to achieve the objective primarily through the purchase of ordinary shares with an above average yield.There is no restriction on the economic sectors or geographic areas in which the fund may invest. However, investments will always be predominantly in the ordinary shares of UK companies.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Carl Stick01/01/2000Carl 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.
Elizabeth Davis01/01/2016Elizabeth 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Rathbone Income Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price1533.7
Offer price1544.52
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WFG
Rathbone Income Inst Acc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1533.7
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WFH
Rathbone Income Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.8%
Bid price970.91
Offer price979.02
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0WFI
Rathbone Income Inst Inc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price970.91
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0WFJ
Rathbone Income R Acc
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.56%
Bid price1487.53
Offer price1535.91
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeRM79
Rathbone Income R Acc NAV
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price1487.53
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD8C9
Rathbone Income R Inc
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.56%
Bid price921.12
Offer price952.46
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeL103
Rathbone Income R Inc NAV
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price921.12
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeD8D0
Rathbone Income S Acc
Initial charge-
Annual charge0.49%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price1545.94
Offer price1556.72
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK1VN
Rathbone Income S Inc
Initial charge-
Annual charge0.49%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price986.17
Offer price994.23
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK1VM
Data provided by

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