Rathbone UK Opportunities R

Multi-cap UK equity fund with a recovery slant.

  • 454.59p Price (Inc)
  • 605.32p Price (Acc)
  • 2.50% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.63% Ongoing charges
  • 2.40% Yield

Prices as at 09 December 2019, fund data last updated 02 June 2004

The objective is to achieve capital growth by buying shares in companies whose recovery potential is not appreciated by the market and to sell them when this potential is recognised. The nature of unrecognised recovery potential may be based on macro economic, industry, sector specific or stock specific issues. Stock selection will involve the identification of a catalyst capable of triggering and sustaining a recovery in each stock. The fund has the flexibility to invest in companies of all sizes and to hold up to 20% in European shares.

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched September, 1993
Size £43m
Yield 2.40%
Charging basis Capital
Dividends paid 31 May, 30 Nov

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 1.63%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.81%
  • 15/16 -0.39%
  • 16/17 0.04%
  • 17/18 0.13%
  • 18/19 -1.15%

Bestinvest MRI

  • 3 years -0.33%
  • 5 years -0.11%
  • Career -0.16%
  • 3 years 22.10%
  • 5 years 45.60%
  • Career 39.40%

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

Alexandra Jackson / Joanne Rands

Jackson and Rands have been co-managing the fund since June 2014. Jackson joined Rathbones in January 2007 and was formerly Assistant Fund Manager on the Rathbone Global Opportunities fund. She is a CFA charter-holder and holds the IMC. Rands managed UK Small and Mid Cap funds at Hermes for four years and seven years managing UK equity funds at HSBC. She holds the Securities Institute Diploma and is a Fellow of the Securities Institute.

Track record

Alexandra Jackson / Joanne Rands has 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.16%. During the worst period of relative performance (from December 2015 - September 2019) there was a decline of 18% relative to the index. The worst absolute loss has been 21%.

Periods of worst performance

Absolute -21.00% (May 2018 - December 2018)
Relative -18.00% (December 2015 - September 2019)

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.

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Top 10 holdings

Data accurate as at 31 August 2019

4.75% Unite Group
4.05% Ssp Group Plc
3.88% Royal Dutch Shell
3.8% Melrose Industries Plc
3.35% Phoenix Group Hldgs
3.16% Gb Group
3.12% Halma
3.04% Intermediate Capital Group
2.97% Beazley Plc
2.85% Warehouse Reit Plc
Source: Trustnet

Sector breakdown

Financials 24.00%
Industrials 21.00%
Technology 14.00%
Consumer Services 11.00%
Health Care 8.00%
Cash & Cash Equivalents 7.00%
Oil & Gas 5.00%
Basic Materials 4.00%
Consumer Goods 4.00%
Telecommunications 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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