Rathbone Global Opportunities R

Fund has a flexible mandate and targets undiscovered growth stories.

  • 296.27p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 2.50% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.54%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 25 September 2020

This is a global stock-picking fund that invests in under-the-radar and outof- favour growth companies. Our active management approach is flexible around company size, sector and geography, although our sweet spot is midsized growth companies in developed markets. We avoid direct holdings in emerging markets. The fund is a concentrated portfolio of 40 to 60 holdings that represent our highest-conviction, best ideas. We invest in unblemished, innovative, differentiated, scalable and sustainable growth companies that are shaking up their industries. This growth-oriented investment style also takes a responsible approach to risk and embraces a sell discipline without emotion. We hold a defensive bucket of holdings that are less economically sensitive, with slower and steadier growth prospects, for risk management purposes.

Fund summary

Sector Global
Structure UNIT TRUST
Launched May, 2001
Size £2,600m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 2.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.54%

Allocation

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Investment process

The objective of the fund is to provide above average long term capital growth from a global portfolio. The fund will be able to invest in any transferable security in all recognised world financial markets. The income yield will be at best minimal.

Manager research

Average monthly relative returns

  • 15/16 -0.25%
  • 16/17 0.14%
  • 17/18 0.72%
  • 18/19 -0.07%
  • 19/20 1.14%

Bestinvest MRI

  • 3 years 0.60%
  • 5 years 0.34%
  • Career 0.34%
  • 3 years 97.20%
  • 5 years 94.10%
  • Career 98.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

James Thomson

Thomson joined Rathbones in October 2000 after graduating from Cornell University in New York. He is a Fellow of the Securities Institute and holds the Securities Institute Diploma and Investment Management Certificate. He was appointed as a Board Director of Rathbone Unit Trust Management Limited in November 2006. He is from the island of Bermuda.

Track record

James Thomson has 16.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.34%. During the worst period of relative performance (from February 2008 - December 2008) there was a decline of 31% relative to the index. The worst absolute loss has been 44%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -44.00% (October 2007 - November 2008)
Relative -31.00% (February 2008 - December 2008)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

3.22% Amazon.com Inc
2.82% Paypal Hldgs Inc
2.57% Adobe Inc
2.51% Sartorius Stedim Biotech
2.24% Nvidia Corp
2.01% Match Group Inc
1.92% Rollins Inc
1.91% Tencent Hldgs Limited
1.9% Lonza Group Ag
1.9% Ringcentral Inc
Source: Trustnet

Sector breakdown

Technology 28.00%
Consumer Services 17.00%
Financials 15.00%
Consumer Goods 14.00%
Industrials 12.00%
Health Care 9.00%
Cash & Cash Equivalents 3.00%
Telecommunications 2.00%
Basic Materials 1.00%

Portfolio

- 40-60 companies - growth bias - bias to UK/ Europe

Key Investor Information

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