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Rathbone Income Fund

Definition

  • Around 40-50 of mainly UK shares
  • Investment process that seeks best value
  • 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.

Important info

Ratings

Notes on downloads

  • Our compliance with the UK stewardship code is written in this pdf.
  • The document on 'our charges explained' aims to make our charging structure clearer and easier to understand. This should be read with our key investor information document and supplementary information documents.
  • 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

  • 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
  • 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.



The Rathbone Income Fund and the UK Equity Income sector

19th April 2016 in Company news

It is frustrating, but perhaps unsurprising to report that the Rathbone Income Fund, having fallen short of the 110% yield rule, is to move from the UK Equity Income sector. The Investment Association (IA) is consulting with its members on a major an...

Sentiment not backed up by fundamentals

18th January 2016 in Market commentary

Rathbones CIO, Julian Chillingworth offers perspective on recent market moves

Christmas dealing notice 2015/16

9th November 2015 in Company news

Business days and trading hours over the Christmas and New Year period 2015/16

UK Stewardship Code

20th October 2015 in Regulatory

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

UK Stewardship Code

20th October 2015 in Company news

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

Economic and market review june 2015

17th July 2015 in Market commentary

Bonds during the monthUK 10-year yield @ 2.03% US 10-year yield @ 2.35% German 10-year yield @ 0.77% Italian 10-year yield @ 2.30% Spanish 10-year yield @ 2.31%MarketsGreece dominated the airwaves in June. As in previous months, no agreement cou...

  • 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: rutm@rathbones.com
  • 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: rutm@rathbones.com
  • 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.

  • 4What is the minimum investment size?

    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.

  • 5Can the fund form part of an ISA and/or a SIPP?
    Yes.
  • 6How 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.

     

  • 7What is the frequency of dealing?
    Dealing is daily at midday.
  • 8What dealing processes are available?
    Investments can be made by telephone, fax or in writing. ISA applications should be made by post using an ISA application form.
  • 9What is the frequency of reporting?
    We produce monthly factsheets and 6-monthly fund manager (fund accounting) reports – all of which are available on this website. We also send portfolio valuations every six months, to both you and your financial adviser, dated 31 December and 30 June.
  • 10Who 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.
  • 11What are the income distribution dates for the fund?
    The income distribution dates are 15 June and 15 December.  The latest dividends and historic payments are published on the fund factsheet.
  • 12Where 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 rutm@rathbones.com. Daily yields are shown in the prices section of The Financial Times.

     

  • 13What 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).

  • 14How 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, 1 Curzon Street, London W1J 5FB. 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 www.financial-ombudsman.org.uk