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Rathbone Ethical Bond Fund

DEFINITION

Focus on high quality (investment grade) bonds
Highly skilled and experienced investment and ethical research team
Higher income, aiming at 5-7% gross interest yield
Quarterly payout of income

RATINGS

Awards

WHY INVEST

Strong, defensive and income yielding
Backing of Rathbone Greenbank Investments, a research team at the forefront of ethical investment since 1992

HOW TO INVEST

Visit our ‘How to Invest’ pages to find out your various options for buying the fund. This includes information about your contacts within Rathbones and a list of our fund partners.

How To Invest >>

* All prices displayed above are for income units/shares. View detailed prices and performance here.

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PERFORMANCE
FAQs

Webcast: Watch our fund managers LIVE!

8th November 2011 in Webcasts

Stay up to date with our fund reviews as a selection of our fund managers discuss market trends, their strategy and the challenges and opportunities that lie ahead.

Fixed Income debate

9th September 2011 in Web Debates / Conferences

Recent turmoil in the world of government bonds has dramatically changed the fixed income universe. Once seen as a safe haven and escape route from equities during times of volatility, it appears the sector is itself experiencing the highest levels o...

Corporate bonds debate

30th June 2011 in Web Debates / Conferences

Their performance in 2011 has shown the death of corporate bonds has been much exaggerated. The investment grade-focused Corporate Bond sector may not have matched the racier High Yield sector, which is the top performing of any sector year to date,...

Corporate bonds debate

29th November 2010 in Web Debates / Conferences

The UK Corporate Bond market has performed well in the last 12 months with total returns of over 11% at the end of September. Recent IMA sales figures back this up with Corporate Bonds taking inflows of £287m and 2nd place in the investment rankings....

The long-term role of fixed income

14th April 2010 in Fund Manager Presentations

Listen to Fund Manager of the Rathbone Ethical Bond Fund, Bryn Jones, as he takes a brief look at the current state of play for corporate bonds, the long-term role of fixed income in client portfolios, his strong recent fund performance and the stra...

1How do I obtain a Managers Report?

Managers Reports and a host of other fund information is available at this website, and you can contact us for further information on the following number:

Information Line: 020 7399 0399 or email: rutm@rathbones.com
2Where can I find the latest Total Expense Ratio (TER) for the fund?

This can be found in the latest Managers Report which is available at this website, and you can contact us for further information on the following number:

Information Line: 020 7399 0399 or email: rutm@rathbones.com
3Can the fund form part of and ISA and/or a SIPP?
Yes.
4Where can I find the income yield for the fund?
The month-end income yield can be found on our monthly factsheets – available on this website or by calling our Information Line on 020 7399 0399 or emailing rutm@rathbones.com. Daily yields are shown in the prices section of The Financial Times and the Daily Telegraph.
5What is the minimum investment size?

The minimum lump sum investment is £1000, (£500 for additional investments). The minimum for regular savings is £100 per month. For ISA investments, the minimum is £100 per month subject to a maximum of £10,680 (£890 per month) in the 2011/2012 tax year.
6In which daily national newspapers can I find the fund prices and income yield?

These can be found in The Financial Times and the Daily Telegraph.
7Who is the manager of the fund and when was he/she appointed to the lead role for this fund?
Bryn Jones was appointed as lead manager in November 2004.
8What are the income distribution dates for the fund?
The income distribution dates are 31 March, 30 June, 30 September and 31 December.
9How is stock/sector/country/currency risk controlled and monitored?
The fund is monitored daily with accountability to the CIO and the RUTM Board of Directors. The trades executed by the manager are scrutinised on a weekly basis during a formal investment meeting. The compliance department monitors the funds overall exposure to an individual security as a percentage of issued share capital and that each scheme complies with its investment powers.
10What is the dealing cut-off time for investments and redemptions? What are standard settlement terms?
The dealing cut-off is 11.45am. The contract note is despatched within 24 hours and settled in ‘T+4’ working days.
11What dealing processes are available?
Deals can be actioned are by telephone, fax, in writing or by EMX. ISA applications should be made by post using an ISA application form.
12What is the frequency of reporting?
We produce monthly factsheets, quarterly and monthly commentaries and 6-monthly fund manager (fund accounting) reports – all of which are available on this website. We also send portfolio valuations, to both you and your clients, every six months dated 31 December and 30 June.
13On what fund platforms can the fund be bought?
The fund is available for investment on all major and the majority of smaller platforms. For a sample list, please visit the ‘Our Fund Partners’ page on this website.
14Who will manage the fund in the absence of the lead manager?
Julian Chillingworth, Chief Investment Officer.
15What additional responsibilities does the lead manager have?
Bryn Jones is Fixed Income spokesperson for Rathbones.
16Are there any mandate-specific primary or secondary performance benchmarks?
We do not operate formal benchmarks but we do compare the performance of the fund informally against the peer group (IMA Sterling Corporate Bond sector) and the Iboxx Non-Gilt (£) index. Portfolio construction is not influenced by index weightings.
17What restrictions apply to the fund at stock and sector level?
We follow a basic principle to credit risk that applies to the process and that is single issue exposures.
AAA maximum single issue 5%
AA maximum single issue 4%
A maximum single issue 3%
BBB and other maximum single 2%
18Where can I find details of ethical restrictions on the fund?
The ethical criteria for what investments can be held in the Rathbone Ethical Bond Fund are available within the product literature on this website or by calling our Information Line on 020 7399 0399 or emailing rutm@rathbones.com.
19How is the fund manager remunerated?
We now organise remuneration on the basis that we need to align our interests with those of our clients. They key to this is ensuring the business and the investment managers have a stake in the future success of the company. For the front office this means ensuring that they are delivering excellent performance over time, with clear accountability. As a result, the remuneration for front office is aligned with that of the client. The majority of bonuses are calculated on 1-3 years performance, with an emphasis on 3 rolling years. Two-thirds of bonuses are deferred and a minimum of 50% are be re-invested in the unit trusts. This ensures that the company does not take undue risk to with investors money and that there is a focus on the strength of our investment proposition.

We would be more than happy to discuss the detail of the remuneration scheme with you, so that you can understand the drivers behind its construct.

CONTACT US

Rathbone Ethical Bond Fund

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WHY INVEST

HOW TO INVEST

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