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Rathbone Strategic Bond Fund


01/10/2011 00:00:00Rathbone Brothers PlcRathbone Brothers PlcFixed income funds
  • Invested 50% in direct bonds and 50% invested in funds for growth
  • 50% of the portfolio will typically be invested mostly in Sterling-denominated government bonds and investment grade corporate debt
  • The remainder will be invested in funds focused on specialist areas such as high yield and emerging market debt on a best-of-breed basis
  • Quarterly payout of income
  • Yield is driven by our asset allocation and will move up and down over time.

Important info


Notes on downloads

  • Our compliance with the UK stewardship code is written in this pdf.
  • The details on our fund charges and fees can be found in 'our charges explained'. These have been designed for you to use with your clients.
  • Our industry trade body in the UK, The Investment Association (IA), offers additional guidance on the charges and costs of investing. Please visit the IA website.

Why invest

  • Exposure to funds will ensure a greater level of diversification
  • Flexible asset allocation to manage the risk/return profile
  • All fixed income stocks are studied to find the best investment opportunities
  • Very few managers of this type of fund have the bond experience and the ability to overlay fund selection as well as the expertise of Rathbones.

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.

UK Stewardship Code

2nd November 2016 in Company news

Download our procedures for engaging with, and intervening in, the management of the companies in which we invest.

Fixed Income masterclass with Rathbones' Bryn Jones

5th December 2016 in Web debates/conferences

A panel of experts discuss the backdrop of fixed income, the timescale of a US interest rate rise, pros and cons of ATFs and give their individual views on emerging markets. How fixed income managers are positioning portfolios? Where are mainstre...

Rathbone Fixed Income Funds update

14th March 2017 in Webcasts

What could happen as we near the end of QE, and how will it impact Bond fund construction? Head of fixed income and fund manager, Bryn Jones will highlight the current influences on the bond markets. He will also highlight his concerns for the medium...

Rathbone Fixed Income Funds update

30th August 2017 in Webcasts

Take this opportunity to join Bryn Jones, Rathbones Head of Fixed Income and Fund Manager of the Rathbone Ethical Bond Fund and Rathbone Strategic Bond Fund on Tuesday 19 September at 11am for our live webcast. Bryn will provide a Fixed Income mar...

Christmas dealing notice 2017/18

15th November 2017 in Company news

Business days and trading hours over the Christmas and New Year period 2017/18

  • 1How do I obtain a managers report?
    The managers report 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:
  • 2Where can I find the latest Ongoing Charges Figure (OCF) for the fund?
    This can be found in the latest managers report and fund factsheet 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:
  • 3In which daily national newspapers can I find the fund prices and income yield?

    These can be found in The Financial Times.  It should be noted that we only publish R class prices, and not I class.

    We decided to remove the prices of our funds from the Daily Telegraph newspaper from the 1st July 2014. This decision has been taken as we endeavour to contain and reduce costs on the funds and takes into account that prices are now available on various websites including our own and in other durable media and also by calling our administration office. We are also mindful of the current relevance of the prices we put in the paper – these will not necessarily reflect the price your client will get by dealing through you.

  • 4How 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.


  • 5How 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.
  • 6What is the dealing cut-off time for investments and redemptions? What are standard settlement terms?
    The dealing cut-off is 12:00 (midday). The contract note is despatched within 24 hours and settled in ‘T+4’ working days.
  • 7What 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.
  • 8What is the frequency of reporting?
    We produce monthly factsheets, 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.
  • 9On 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.
  • 10Who will manage the fund in the absence of the lead manager?
    Julian Chillingworth, Chief Investment Officer.
  • 11What additional responsibilities does the lead manager have?
    Bryn Jones is Fixed Income spokesperson for Rathbones.
  • 12What 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%

  • 13Where can I find the yield for the fund?

    The month-end yield can be found on our monthly factsheets – available on this website or by calling our Information Line on 020 7399 0399 or emailing Daily yields are shown in the prices section of The Financial Times.


  • 14Can the fund form part of an ISA and/or a SIPP?
    Yes (available for retail unitholders only).
  • 15What is the minimum investment size?

    The investment limits vary for retail and institutional investors.

    R Class: The minimum lump sum investment is £1000.00 (£500 for additional investments).

    From 31 December 2012 we ceased to offer a regular savings plan (including ISAs). We will continue to accept payments to savings plans that have been opened prior to this date; however, we are not able to accept any increases in monthly subscriptions.

    View the ISA information for further details on subscription limits for the current tax year. 

    I Class: The minimum lump sum investment is £1000.00 (£500 for additional investments). .

    A regular monthly savings plan is not available

  • 16Who 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 at launch in October 2011.  David Coombs co-manages the fund.
  • 17What are the income distribution dates for the fund?
    The income distribution dates are 28 February, 31 May, 31 August and 30 November.  The latest dividends and historic payments are published on the fund factsheet.
  • 18What charges apply for this fund?

    The charges differ for retail and institutional investors. For more information please see the [“Charges”] section of the fund’s key investor information document (KIID).

  • 19Are 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 (IA Sterling Strategic Bond sector) and the Iboxx Non-Gilt (£) index.  Portfolio construction is not influenced by index weightings.
  • 20How do I make a complaint?

    Unitholders (or shareholders) who have any queries or complaints about the operation of the fund should address them to the Compliance Officer, Rathbone Unit Trust Management Limited, 8 Finsbury Circus, London, EC2M 7AZ. Any complaint we receive will be handled in accordance with our internal complaint procedures. A copy of these is available from the Compliance Officer. In the unlikely event that you do not receive a satisfactory response after contacting ourselves you may direct your complaint to the Financial Ombudsman Service at Exchange Tower, London E14 9SR. Further details about the Financial Ombudsman Service are available on their website at

  • 21How do I obtain a managers report?
    The managers report 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: