Rathbone Income R

  • 689.75p
    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.

  • 1313.49p
    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).

  • 1.55%
    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.

  • 5.60%
    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 23 October 2020, fund data last updated 23 April 2009

This fund targets a sustainable, above average income, by investing in UK equities. The portfolio is based around themes identified from economic research - stocks are selected that will benefit from these. The fund invests across the market cap spectrum without regard to the benchmark, and has historically had a bias to small cap stocks.

Fund summary

Sector UK Equity Income
Structure UNIT TRUST
Launched
Size £781m
Yield 5.60%
Charging basis Capital
Dividends paid 15 Jun, 15 Dec

Charges

Standard initial charge 2.50%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.55%

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Investment process

The fund's objective is to achieve above average and maintainable income, without neglecting capital security and growth, predominantly through investing in UK equities. The process starts with macroeconomic research to identify themes likely to influence the market going forward. The team then look at industries to see which will benefit or be harmed by these themes, before undertaking stock specific research. The manager typically targets companies with strong market positions and high barriers to entry, believing they will generate high and sustainable returns on capital. He also likes experienced, conservative management teams, particularly those that invest in their companies. He prefers companies with well covered dividend yields, and those whose balance sheets do not rely on leverage.

We have higher conviction in other funds in the IA UK Equity Income sector.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

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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Sector breakdown

Consumer Goods 25.00%
Financials 19.00%
Industrials 11.00%
Health Care 10.00%
Basic Materials 8.00%
Consumer Services 7.00%
Utilities 7.00%
Oil & Gas 7.00%
Cash & Cash Equivalents 5.00%
Technology 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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