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Rathbone Recovery Fund

DEFINITION

Long-term investment vehicle
Focused fund of 50 to 60 holdings – maximum holding size 4%
No sector anchoring – stock-picking fund
Universe of stocks available - FTSE All-Share index, AIM and FTSE Europe index

RATINGS

Awards

WHY INVEST

Joint expertise of three well established managers
Appropriate for business conditions, now and in the future
Flexibility to invest - a wider band of UK and European stocks

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

Economic outlook debate

9th September 2011 in Web Debates / Conferences

The global financial situation is anything but boring at the moment. With the Greek credit crisis coming to a head, a pricing correction in commodities and rising inflation to name but a few headline topics, where are heading in the second half of 20...

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.

Economic Outlook debate

18th April 2011 in Web Debates / Conferences

2011 has been a rollercoaster ride so far. With many predicting a year of strong global economic growth a succession of unforeseen incidents have changed the landscape considerably. Earthquakes in New Zealand and more significantly in Japan along wit...

The Rathbone Recovery Fund

11th August 2009 in Fund Manager Presentations

The Rathbone Recovery Fund launched on Monday 13 July 2009, from the merger of the Rathbone Special Situations Fund into the Rathbone Smaller Companies Fund. Gain more of an insight into the fund as the managers talk about some of their stocks and...

Rathbone Recovery Fund

10th August 2009 in Conferences & Seminars

See the team behind the new Rathbone Recovery Fund. Learn about some of the investment opportunities they'll be exploring in the large cap, small cap and european arenas, also discussing the rationale behind launchind the Fund at this time.

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?
Julian Chillingworth was appointed as co-manager at launch in July 2009 together with Marina Bond and Alan Dobbie.
8What are the income distribution dates for the fund?
The income distribution dates are 31 May and 30 November.
9Who will manage the fund in the absence of the lead manager?
There are three managers working together on this fund.
10What additional responsibilities does the lead manager have?
Julian Chillingworth is Chief Investment Officer of Rathbone Unit Trust Management Limited and Manager of the Rathbone Blue Chip Income and Growth Fund. Alan Dobbie manages an European equity income mandate for Stone & Co, a Canadian mutual fund company.
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 All Companies 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?
Our maximum weighing in a FTSE 100 index company is 4%, while for a smaller company is nearer 3% with an average of 1%. Our country allocation is mainly UK-listed companies but we have the ability to invest up to 20% in Europe.
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 Recovery Fund

DEFINITION

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WHY INVEST

HOW TO INVEST

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