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Rathbone Income Fund

DEFINITION

Around 40-50 of mainly UK shares
Value investment process
Not beholden to a benchmark
The fund has a spread of various company sizes and types
Half-yearly distribution of income
Targets an above-average and rising dividend

RATINGS

Awards

WHY INVEST

Record of rising total income payouts in all but one of the past 10 years
Yield is higher than that of the FTSE All-Share Index (we aim for 20% higher)
Continuity and consistency of returns - Carl Stick, fund manager since January 2000

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

Cofunds Economic Forum

4th October 2011 in Conferences & Seminars

Carl Stick, Manager of the Rathbone Income Fund speaks at the Autumn Cofunds Conference.......

Making sense of turbulent markets

16th August 2011 in Market Commentary

Julian Chillingworth, our Chief Investment Officer, examines the current economic climate and how the recent market turbulence affects our funds.

Investing for Income

26th April 2011 in Web Debates / Conferences

The recent rise in inflation has seen a boost in dividend yields. However, economic indicators suggest a bumpy ride ahead with the potential for both an inflation spiral and deflationary scenarios. How does dividend income compare with bond income un...

Assessment of risk

15th July 2010 in Fund Manager Presentations

Listen to fund manager Carl Stick as he gives you his assessment of how ‘risk’ should be managed. In the context of the Rathbone Income Fund. In this latest presentation he explains how the investment process is at the heart of it. How does he ide...

Growing income with Rathbones - a balancing act and way forward!

22nd June 2009 in Fund Manager Presentations

Carl Stick, on the Rathbone Income Fund discusses the factors attributing to the funds' growth over the coming months, covering the strength of our investment process, our dividend policy, and long-term performance.

Investors must focus on company figures

27th November 2008 in Fund Manager Presentations

..says Carl Stick in a recent interview. He gives his long-term view of equity markets, likely challenges ahead and how he's managing the Rathbone Income Fund in the current climate, highlighting the importance of value investing.

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?
Carl Stick, the fund manager was appointed as lead manager in January 2000.
8What are the income distribution dates for the fund?
The income distribution dates are 15 June and 15 December.
9Who will manage the fund in the absence of the lead manager?
Julian Chillingworth, Chief Investment Officer, assisted by George Viney.
10What additional responsibilities does the lead manager have?
Carl Stick is a Board Director of Rathbone Unit Trust Management Limited.
11Are 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 UK Equity Income sector) and the FTSE All-Share index. Portfolio construction is not influenced by index weightings.
12What restrictions apply to the fund at stock and sector level?
There are no specific weighting restrictions on the fund, but if we decide to invest in a business, we do so in a meaningful way. However, the portfolio carries a small and mid-cap bias and tends not invest more than 4% in any individual stock. The notional limit is 5%.
13How 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.
14What 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.
15What 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.
16What 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.
17On 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.
18How 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.

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Rathbone Income Fund

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