Rathbone Multi Asset Strategic Income Portfolio Class S - Accumulation (GBP)
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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Performance fee: | No | ||
Ongoing charge (OCF/TER): | 0.64% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 0.64% | ||
There are other unit types of this fund available: | |||
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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
Other Information
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Performance
16/08/19 to 16/08/20 | 16/08/20 to 16/08/21 | 16/08/21 to 16/08/22 | 16/08/22 to 16/08/23 | 16/08/23 to 16/08/24 | |
---|---|---|---|---|---|
Annual return | -1.66% | 13.43% | -1.82% | -2.58% | 12.70% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chartOur view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Fund Objective
We aim to deliver an income of 3% or more each year. We also aim to deliver a greater total return than the Consumer Price Index (CPI) measure of inflation + 3%, after fees, over any rolling five-year period by investing with our Liquidity, Equity-type risk and Diversifiers (LED) framework. Total return means the return we receive from the value of our investments increasing (capital growth) plus the income we receive from our investments (interest and dividend payments). We use the CPI + 3% as a target for our fund’s return because we aim to grow your investment above inflation. We aim to deliver this return with no more than two-thirds of the volatility of the FTSE Developed stock market Index. As an indication, if global stock markets fall our fund value should be expected to fall by around two-thirds of that amount. Because we measure volatility over a five-year period, some falls may be larger or smaller over shorter periods of time. We aim to limit the amount of volatility risk our fund can take because we want our investors to understand the risk they are taking in terms of the global stock market.
Income Details
Security | Weight |
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5% Treasury Stock 2025 | 6.36% |
4¼% Treasury Gilt 2027 | 4.02% |
Invesco Markets Plc Invesco US High Yield Fallen Angels UCITS ETF (Dist.) | 3.73% |
EIB 5.5% 15/04/25 | 2.46% |
US TREAS 5.25% 15/11/28 | 2.17% |
US TRE NB 4.5% 15/02/2036 | 2.16% |
European Investment Bank 6% 2028 | 2.11% |
SPDR ETF SPDR S&P 500 UCITS ETF - | 1.96% |
JP MORGAN ELN 11/25 | 1.83% |
4½% Treasury Gilt 2042 | 1.82% |
Sector | Weight |
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Bonds | 40.19% |
Cash and Equiv. | 6.56% |
Pharmaceuticals & Biotechnology | 4.55% |
Non-Classified | 4.34% |
Investment Banking & Brokerage Services | 4.18% |
Equity Investment Instruments | 3.46% |
Banks | 3.30% |
Non-Renewable Energy | 3.23% |
Software & Computer Services | 3.16% |
Industrial Support Services | 2.10% |
Country | Weight |
---|---|
United Kingdom | 37.13% |
United States | 28.08% |
Non-Classified | 8.40% |
Cash and Equiv. | 6.56% |
Luxembourg | 4.68% |
Germany | 2.44% |
Switzerland | 2.24% |
Ireland | 1.84% |
France | 1.60% |
Australia | 1.23% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 16 August 2024. Data provided by Broadridge, correct as at 31 December 2023.
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4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.