RATHBONE ETHICAL BOND - Fund overview
No Bestinvest rating
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Overview of
RATHBONE ETHICAL BOND
An investment grade Sterling denominated corporate bond portfolio, with the issuing companies strictly meeting positive and negative ethical criteria. With no historic performance and an absence of resources dedicated to fixed interest securities, this is fundamentally a fund to pass up. However, there is not a wide range of bond funds for ethical investors to choose from.
Fund summary
| Sector |
£ Corporate Bond
|
| Product type |
UNIT TRUST
|
| Launched |
May, 2002
|
| Size |
£79m
|
| Yield |
7.6%
|
| Charging basis |
CAPITAL
|
| Dividends paid |
30/9, 31/12, 31/3, 30/6.
|
| Bid price(inc) |
81.65p |
| Bid price(acc) |
132.22p |
Fund Charges
|
Standard Initial charge
|
4.00%
|
|
Initial charge via Bestinvest
|
1.00%
|
|
Additional bid/offer spread
|
0.16%
|
|
Annual management charge
|
1.25%
|
|
Total expense ratio
|
1.42%
|
|
Reduction in yield (10yr)
|
1.53%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
0%
|
|
High yield bonds |
1%
|
|
Quality bonds |
98%
|
|
Property |
0%
|
|
Commodities |
0%
|
|
Hedge |
0%
|
|
Fund cash |
1%
|
View all performance data for RATHBONE ETHICAL BOND
Investment process
They will invest in a diverse portfolio of investment grade corporate bonds that pass the team's ethical screening process. They will identify attractive fixed interest opportunities before analysing the ethical position of a company. Approval for investment has to be given at a weekly meeting, by the whole ethical investment team. Research will be carried out on the issuers using various sources of information, including company visits.
The bond issuer will be assessed against a set of negative ethical specifications and if they qualify, will then have to demonstrate policies in at least one positive aspect. Companies will not pass the negative screen if it is involved in any of the following areas; armaments, environmentally unsustainable activities, animal testing, tobacco, nuclear power, alcohol, pornography and gambling. It then must show to be having a positive effect in one of these areas; management of environmental impacts, human rights, provision of beneficial products/services, corporate community investment and employment.