The Rathbone Multi-Asset Portfolios are designed to deliver attractive risk-adjusted returns via a pragmatic and straight-forward investment process that provides investors with a resilient and genuinely diversified fund. The investment approach offers investors:

Contact a member of our team today.

The ability, via our in-house Liquidity, Equity type risk and Diversifiers (LED) process, to look at risk through a simpler lens and avoid unnecessarily complicated strategies; there is no black box here.

The ability to utilise a wide variety of means to manage risk and drawdowns in the fund, such as put options and currency hedging.

The ability to act swiftly and benefit from tactical trade ideas and market dislocations, along with greater transparency for us and our investors on the risk we are taking.

A global and unconstrained approach to investing — the ability to act opportunistically to take advantage of areas of the market that can be harder to access.

David Coombs and Will McIntosh-Whyte introduce our Multi-Asset range.

Multi-Asset Portfolios

Genuinely active, globally unconstrained, directly invested strategies

An introduction to the Multi-Asset Portfolios

Rathbone Multi-Asset Portfolios — approach and targets

Introducing the Liquidity, Equity-type risk and Diversifiers (LED) framework

View Funds

2022

2017

2013

2009

Mar 21 – Greenbank Multi-Asset Portfolio fund range launched

Oct 15 - Strategic Income fund launched

Aug 11 - Enhanced Growth fund launched

Our Multi-Asset journey so far

In summer 2009, the year before the first iPad was released, we launched the first two funds in our multi-asset fund range; the Rathbone Strategic Growth Portfolio and the Rathbone Total Return Portfolio. The funds were launched with definitive return and risk objectives which were very easy for investors to understand and determine value. We also had a unique way of classifying asset classes using our Liquidity, Equity-type risk, and Diversifiers (LED) framework, focusing on liquidity risk and forward looking correlations between investments in stressed market conditions which were designed to minimise drawdowns. Over the next decade or so we expanded the range to include new funds in other areas of the risk spectrum and now sit with a full range that will cover the risk appetites for most investors, including a more income-focused fund for those who seek a dependable natural income. While change is constant our focus remains the same, deploying our clients’ capital in the most efficient way possible. To us, this means that each and every position must continually justify its place in the fund; either hedging a risk, or being an engine for long-term returns. Investing directly rather than using solely third party funds enables to us to invest with more precision. The investment environment is dynamic and this necessitates an evolving rather than static investment process. Challenge is key to success whether it’s amongst ourselves, the management teams we invest alongside or the consensus. We will continue to look for and embrace change.

For any questions regarding Rathbone Multi-Asset Portfolios please email ram@rathbones.com

Approach and targets

Introducing the Multi-Asset Portfolios

Introducing the LED framework

The funds

Meet the team

The Sharpe End podcast

Decline

Financial advisers

Please select your country of residence*: (*country of residence if an individual or country of operation if a corporation)

The information held on this website relating to the Rathbone SICAV range of funds is only provided to investors in the EU where they are existing shareholders in one of the funds for information purposes only. The information provided in this site is aimed at existing investors only. It does not constitute an offer to sell, or solicit an offer to buy any investments by anyone in any jurisdiction in which such offer or solicitation is not authorised or in which a member of the Rathbone Group is not authorised to do so.

Please read the legal and regulatory terms and conditions that apply when using this website. By entering, you are confirming you are a 'financial adviser', accepting the terms and conditions of use.

High Risk

Low Risk

Medium Risk

Rathbone Enhance Growth Portfolio

Rathbone Strategic Growth Portfolio

Rathbone Dynamic Growth Portfolio

Rathbone Defensive Growth Portfolio

Rathbone Total Return Portfolio

Inflation +5% (UK CPI)

Equal to equity risk

Inflation +4% (UK CPI)

Five sixths equity risk

Inflation +3% (UK CPI)

Two thirds equity risk

Inflation +2% (UK CPI)

One half equity risk

Bank of England base rate +2%

One third equity risk

Fund Name

Return

Risk

Time Horizon

Risk Rating

5 years +

3 years +

Jun 20 - Dynamic Growth/ Defensive Growth funds launched

Jun 09 - Strategic Growth/ Total Return funds launched

Diversifiers

Assets that can reduce or offset equity risk during periods of market distress, such as precious metals, unleveraged commercial property funds and some hedge funds.

Equity-type risk

Assets that can drive growth in the funds, including equities and other securities with a high correlation to equity markets. Along with equities, this category includes riskier corporate bonds, private equity funds, industrial commodities and alternative strategies (hedge funds) with a long bias.

Liquidity

Assets that we expect to be easy to buy and sell during periods of market distress or dislocation, and at a sensible price, such as government bonds, high-quality corporate bonds and cash. We also may expect to see these assets be negatively correlated to equities during these periods of stress or dislocation in markets.

Total Return

Defensive Growth

Strategic Growth

Strategic Income

Dynamic Growth

Enhanced Growth

Rathbone Total Return

358m

Fund Size (£)

Bank of England base rate +2%

Return

One third equity risk

Risk

As at 28 February 2022

10 June 2009

Fund inception date

Inc: B86SVM2 Acc: B8JBXD3

Sedol

Transaction costs

MiFID II charges (%)

OCF

Total MifID II charges^

0.65

Fund ratings

Fund Facts

Asset Breakdown

LED Allocation

(Range 10% - 50% of fund)

Liquidity

(Range 20% - 60% of fund)

Equity-type risk

(Range 0% - 50% of fund)

Diversifiers

Investing & Documents

Fund Factsheet

Fund Holdings Information

Fund Performance

Invest Now

Equities 33.4%

Conventional government bonds 22.6%

Corporate bonds 14.7%

Index-linked bonds 9.4%

Commodities 7.5%

Cash and cash equivilents 6.2%

Alternative investment strategies 5.8%

Private equity 0.4%

41.9%

20.9%

37.2%

High Risk

Low Risk

Medium Risk

Rathbone Multi-Asset Portfolios — the funds

Note: Rathbones does not endorse or recommend any of the companies above. Please observe each site's privacy and cookie policies as well as their platform charges structure.

Income

Accumulative

0.65

0.07

0.72

Stock Spotlight

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea exercitation ullamco laboris nisi ut aliquip ex ea

Hover over an asset class for stock spotlights.

ISIN

Inc: GB00B86SVM24 Acc: GB00B8JBXD38

Rathbone Multi-Asset Portfolios — meet the team

David Coombs

Will McIntosh-Whyte

Craig Brown

David Coombs

Fund manager Head of multi-asset investments

David is head of the team that is responsible for managing the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones in 2007 after spending 19 years with Baring Asset Management where he managed multi asset funds and segregated mandates. He began his career with Hambros Bank in 1984.

Inflation +3% (UK CPI)

Minimum target yield of 3%

Two thirds equity risk

Rathbone Strategic Income Portfolio

5 years +

Will Mcintosh-Whyte

Fund manager

Will is a fund manager on the Rathbone Multi-Asset Portfolios, the offshore Luxembourg-based SICAVs as well as the Rathbone Managed Portfolio Service (MPS), working alongside David Coombs. He is also responsible for managing the Rathbone Greenbank Multi-Asset Portfolio funds. Will graduated from the University of Manchester Institute of Science and Technology with a BSc Hons in Management and is a CFA Charterholder. Will joined Rathbones in 2007, having worked previously as a specialist researcher for Theisen Securities. At Rathbones, he joined the charities team, and was appointed as an investment manager in 2011, running institutional multiasset mandates. He has been on the Multi-Asset team since 2015 and is member of Rathbones’ Fixed Income Funds Committee.

Craig Brown

Senior multi-asset investment specialist

Craig is the senior investment specialist for the Rathbone Multi-Asset Portfolios and Managed Portfolio Service (MPS). Craig joined Rathbones in 2018 with 15 years of Financial Services experience. Prior to joining Rathbones, Craig was a discretionary multi-asset portfolio manager. He is a Chartered Member of the Chartered Institute for Securities and Investment (CISI).

Rahab Paracha

Sustainable multi-asset investment specialist

Rahab is the sustainable multi-asset investment specialist for the Rathbone Greenbank Multi-Asset Portfolios. She joined Rathbones in 2021, having worked previously as a Junior Responsible Investment Specialist at HSBC Asset Management. Rahab graduated from the London School of Economics with a BSc in Economics, holds the Investment Management Certificate and is a CFA Charterholder.

Hannah Kennedy

Portfolio Management Assistant

Hannah joined Rathbones in 2021 as a Portfolio Management Assistant for the Multi-Asset team, after graduating from Royal Holloway University of London with a first-class degree in Management with Accounting. During her studies and as part of her degree she undertook a 14-month placement, working as a Wealth Management Assistant at Ascot Wealth Management.

Enquire today to find out more about our Multi-Asset Portfolio range that covers the full spectrum.

Get in touch

"As managers of multi-asset funds we understand we often manage the core part of our investors’ portfolios, so consistency of performance, transparency and accessibility are vital. So too is the mantra… no nasty surprises."

David Coombs Head of Multi-Asset Investments

^The OCF includes the charges for the underlying funds held in the product. From April 2018, the ongoing charges figure has been calculated according to PRIIPs regulations, which came into effect on 1 January 2018. Holdings are based on six monthly audited accounts. Changes to fund holdings within this period may result in higher or lower ongoing charges.

Head of Multi-Asset Investing

Will McIntosh-Whyte

Assets that can be sold easily, low credit risk but may carry interest rate and currency risk

— Cash, US dollars, euros and yen — Government bonds: conventional, index linked, UK and overseas — High-quality investment grade (A+ and above)

Download Multi-Asset fund Brochure

Total Return

Defensive Growth

Strategic Growth

Strategic Income

Dynamic Growth

Enhanced Growth

High Risk

Low Risk

Medium Risk

Fund factsheet

Full portfolio holdings

Fund performance

Invest Now

Note: Rathbones does not endorse or recommend any of the companies above. Please observe each site's privacy and cookie policies as well as their platform charges structure.

(Range 10% - 50% of fund)

Liquidity

33%

(Range 20% - 60% of fund)

Equity-type risk

41.65%

(Range 0% - 50% of fund)

Diversifiers

25.35%

Equities 32.5%

Conventional government bonds 21.27%

Corporate bonds 19.5%

Index-linked bonds 6.03%

Commodities 8.73%

Cash and cash equivalents 3.06%

Alternative investment strategies 8.6%

Private equity 0.31%

Find out more

To find out more about this particular asset contact the team today.

Click an asset class for more information

710m

Fund size (£)

Bank of England base rate +2%

Return

One third equity risk

Risk

10 June 2009

Fund inception date

Fund ratings

Inc: B86SVM2 Acc: B8JBXD3

Inc: GB00B86SVM24 Acc: GB00B8JBXD38

Sedol

ISIN

0.58

0.57

0.06

0.62

Total MifID II charges^

Transaction costs

OCF (%)

MiFID II charges (%)

Income

Accumulation

LED allocation

Asset breakdown

Fund facts

Rathbone Total Return

Rathbone Multi-Asset Portfolios — the funds

Fund Manager

David Coombs

Equities and all assets expected to be highly correlated with equities during periods of market stress

— Investment grade corporate bonds — High yield bonds — Equities (listed and private) — REITs

Assets with diversification potential demonstrated by low correlation to equities

— Structured products: momentum, relative value — Portfolio protection: put options, yield curve steepeners — Gold

The Sharpe End Podcast

We don’t have all the answers, but we have plenty of opinions. Discover the latest news and views from the Rathbone multi-asset investing team. Available on all major podcasting platforms.

Listen now

Find OUt More

RATHBONE GREENBANK FUND RANGE

An authentic approach to sustainable investment. For investors who don’t want to compromise between their values and their financial objectives, Rathbones' range of sustainable funds presents an ideal opportunity.

In the KNOW blog

Read the latest news and views from our multi-asset team. Subscribe to weekly emails.

Senior Multi-Asset Investment Specialist

Fund Manager

Head of Multi-Asset Investments

UK Modern Slavery Act statement Accessibility Important information Privacy policy Cookies

Find OUt More

Brochure

Rahab Paracha

Sustainable Multi-Asset Investment Specialist

Portfolio Management Assistant

Hannah Kennedy

Jun 16 - International fund range launched

Jan 12 – Rathbone Multi-Asset Portfolios passes £100m in total AUM

Oct 15 – Will McIntosh-Whyte joins the team

Nov 18 – Craig Brown joins the team

Feb 19 – Rathbone Multi-Asset Portfolios passes £1bn in total AUM

2022

2018

2015

2012

Apr 21 - Rahab Paracha joins the team

Jul 21 - Hannah Kennedy joins the team

Dec 21 – Rathbone Multi-Asset Portfolios passed £3bn in total AUM

Team milestones

Multi-Asset fund launches

Key documents/performance

— A US software company that creates digital media, design and publication tools for professionals and hobbyists alike — Outside of the pros most will know Adobe for the PDF which has become a mainstay of the digital document world — Adobe’s expansion into areas like digital marketing software, cloud collaboration and document digitisation provide further drivers of growth in the future — Like many software companies, Adobe moved from licensing to subscriptions, which has provided attractive levels of cashflow and line of sight to future revenues — As more publishing and design has moved to digital Adobe has been at the forefront of this transition, providing people with the vital tools required for modern designers and marketeers — in the digital marketing and design world it’s pretty hard to do your job without them these days

— Ulta has both a cosmetics and beauty offering so provide a one-stop shop of sorts — Number one speciality store in the US with offerings for both mass market and prestige — they are the only national player in the US to have both — Continually bringing new products, brands and partnerships into the business such as Honest Company, Body Shop, and Skyn Iceland — Dramatically increasing store footprint across the US, including a partnership with large US department store chain, Target — Majority of purchases made via successful loyalty programme, which provides exceptionally valuable information to the brands on customer behaviour — Ulta also have a great deal of focus on innovation, particularly with younger customers in mind – they look to technologies such as Augmented Reality (AR) to help customers find colour matches and try on the products, and Artificial Intelligence (AI) driven personalisation of the shopping experience. — The beauty industry is historically more resilient through the economic cycle and Ulta is a key player in this space

— The blue-chip player globally in the manufacturing of the equipment required to make chips found in a wide range of products including computers, smartphones and medical equipment — ASML possess significant technological expertise and the deep pockets required to drive innovation to enable microchips to be smaller, cheaper, and more powerful and energy-efficient — this expertise and financial strength drives out competitors — The design of their products extracts the maximum value from the materials they use, and their equipment systems can last for decades supporting the transition to a more circular economy — ASML is committed to help make microchips greener by reducing the energy use of their equipment systems through investing in hydrogen systems and more efficient pumps — Structural shifts to more technology-enabled products should lead to a significant expansion of opportunities for ASML through chip-hungry areas such as electric vehicles, industrials, and artificial intelligence

— Cadence is a multinational electronic design automation software and engineering service company that focuses on highly specialised areas — Electronic design automation refers to software used for the design, testing, verification, and implementation of semiconductors — which are vital components of electronic devices such as microchips for phones and computers — The testing and design of these semiconductors is incredibly complex, so manufacturers rely heavily on the electronic design automation software that Cadence provides — it is absolutely critical to the process — Microchips continue to get smaller and more complex with more innovation and applications over time — as this trend continues it increases the critical nature of Cadence’s software, which should offer the chance to grow even when the semiconductor cycle goes through a soft patch — This software is highly specialised and therefore the market is effectively a duopoly with only one other key provider — The semiconductor space should continue to see high levels of growth as technology advances and continues to become ever more ubiquitous in far more tasks in our everyday lives — Cadence is ideally placed to benefit from this with their leading and critical software

— Dexcom is a US-listed business which designs and manufactures continuous glucose monitoring (CGM) devices for diabetes patients — Diabetes continues to be a growing problem and Dexcom’s wearable device allows sufferers to track blood glucose levels in real time on their app and share data with their doctor rather than rely on the point-in-time finger stick tests of old — Currently most of the market for these CGM devices are the type 1 diabetes patients, but increasingly the expectation is that use will widen meaningfully to the much larger pool of type 2 diabetes patients — Dexcom’s market-leading technology aims to deliver better patient outcomes but also offers the possibility of lowering long-term cost to healthcare providers by reducing the chances of serious complications from the mismanagement of the condition — In 2021 they impressed with stellar results which beat expectations, and long-awaited news on the release of their new CGM device which is expected to solidify their foothold in having the leading technology in the space

— US based multi-utility company providing energy to predominantly Wisconsin, with some assets in Illinois and Minnesota — The company was the most reliable electricity company in the US in 2017, critical in places where weather can be severe (-20 degrees Celsius is not uncommon) — Favourable regulatory and political regime compared to UK or European equivalents — reduced threat of nationalisation! — They are well diversified by energy source between coal, natural gas and carbon free, with plans to further reduce coal as they replace the older less efficient coal plants — The company is able to generate the inflation-proofed revenue expansion expected of a utility, but it also benefits from local economic growth too, potentially giving it a growth booster — New industrials are coming to the area bringing jobs and more customers, such as Haribo, and potentially Foxconn, which would be one of the largest manufacturing campuses in the world, along with existing facilities like a large Amazon fulfilment centre.

Rathbone Multi-Asset Portfolios - stock spotlights

— A global auto parts technology company with exposure to the key themes of vehicle electrification and connectivity, increasing infotainment, autonomous driving and active safety technology like sensors and automatic controls — Their products are used in both commercial and consumer vehicles with increasing technology content being a key growth area in the autos space – examples include their Advanced Driver Assist Systems (ADAS) which utilises AI and machine learning to further improve the reliability and performance of sensors to enhance both safety and driver experience — 25 of the world’s largest auto manufacturers are customers, so it matters less to Aptiv which car company wins in the race for electric vehicles, autonomous driving, and other technological advances as they supply many of the key players — Their long-standing presence and key customers in China help to broaden the growth opportunities — Ongoing additional regulations support many key business areas for Aptiv, whether that be around quicker moves to electric vehicles, or the increasing safety standards requiring more safety software and sensors in cars

— A world leader in providing information and analytics for professional and business customers — They own highly specialised and critical information systems and journals, such as well-known medical journal The Lancet, which are vital to industry practitioners and therefore provides a combination of pricing power and protection from competitors — Their risk and analytics business has been gradually increasing as their spend on research and development in this space has led to the innovation of new products — M&A activity in the risk and analytics business has been focused on fraud detection to help financial institutions reduce costs – one of their products can detect if a customer has logged into online banking via that device before and highlight if it’s a new device — Overall RELX has over half of their revenues from the subscription model which can improve defensiveness, and their end markets are underpinned by increasing litigation, legislation, regulation, and, as the pandemic has highlighted, the importance of medical journals like the Lancet

— Largest industrial gases company in world created by the merger of Linde and Praxair in 2018 with around a 30% market share — Linde has a very diverse business model in providing industrial gases and engineering services for a global customer base in multiple sectors, including healthcare, food and beverage, and electronics — Innovative solutions for their customers that are vital to their operations, such as a C02 based solution for paper mills helps improve pulp washing efficiency, helping increase capacity without shelling out on new equipment, or ultra-high purity oxygen to keep a room ‘clean’ for electronics manufacturing — The end markets Linde provides to are either very robust or have large fixed-fee components, such as a rental on gas cylinders, which are needed in order to be able to restart manufacturing quickly — this provides Linde’s own business model with resilience — Globally, a lot of focus is on how hydrogen could help in decarbonising numerous sectors and Linde are playing a very promising, active role in the hydrogen market along the entire value chain from generation and liquefaction to solutions for transport and storage — it also took a minority stake in ITM Power last year which reinforces a strategic move into green hydrogen

— The well-known global computing giant that revolutionised personal and business computing packages with software like Windows and Office — Over the year Microsoft has pivoted into new areas of growth, such as cloud computing with its Azure business, and analytics and data for business with Dynamics — Microsoft also has a strong foothold in the ever-growing video game market with its Xbox console and newer game subscription services that allows users to consume video games like they are now used to consuming their favourite TV shows and movies — With hybrid working and digital dependency the new normal, Microsoft is incredibly well placed with Azure providing the necessary cloud capacity businesses require, and Microsoft Office, Dynamics, and Teams, providing the all-important complete and connected IT infrastructure for businesses to effectively operate effectively — Artificial Intelligence has been an area of focus for Microsoft and through strategic investments in OpenAI (the creator of ChatGPT) and developing the AI-powered “Co-pilot” for use within their Microsoft 365 enterprise software (including Outlook), their Edge browser, and Bing search engine, they are focused on retaining a leading position in where the technology industry is going in the coming years

— Boston Scientific is a diversified medical devices company with solutions in a range of fields including cardiovascular, respiratory, digestive, oncological, neurological, and urological diseases and conditions. — The cardiovascular business is their largest with both interventional procedures, such as coronary stents, balloon catheters, and ultrasound imaging catheters, which in all three markets they have a leading position. — Their “Watchman” device is a key example of their innovation and has a strong reputation in the US market. It is essentially a valve which helps to stop blood clots forming in and reduces the risk of a stroke in patients. — Boston are also the leader in single use endoscopes, which are used to diagnose and treat a range of conditions in a less invasive manner. These single use endoscopes have the key benefit for reducing the rate of infection in patients and subsequent complications from this. — With the need for healthcare increasing given the aging population, both preventative and corrective, MedTech companies like Boston Scientific are going to be a key contributor to how we address this across the globe.

Monthly investment commentary

Quarterly investment commentary

Please Note

Past performance should not be seen as an indication of future performance. The value of investments and the income from them can fall as well as rise and you may not get back the amount originally invested, particularly if you do not continue with the investment over the longer term. Click below to continue to fund performance:

Back

Continue

Our LED approach recognises that assets behave differently in different market conditions. The LED (liquidity, equity-type risk and diversifiers) risk framework supports a forward-looking approach to strategic asset allocation. By dividing asset classes into three distinct categories we are better able to control and manage risk.

Key investor information document

An introduction to the Multi-Asset Portfolios

David Coombs and Will Mcintoch-Whyte introduce our Multi-Asset range.

The Rathbone Multi-Asset Portfolios are designed to deliver attractive risk-adjusted returns via a pragmatic and straight-forward investment process that provides investors with a resilient and genuinely diversified fund. The investment approach offers investors:

Fund facts

LED allocation

Key documents/ performance

Asset breakdown

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

LED allocation

Asset breakdown

Key documents/ performance

LED allocation

Asset breakdown

Fund facts

LED allocation

Asset breakdown

Key documents/ performance

710m

Fund size (£)

Bank of England base rate +2%

Return

One third equity risk

Risk

10 June 2009

Fund inception date

Fund ratings

Inc: B86SVM2 Acc: B8JBXD3

Inc: GB00B86SVM24 Acc: GB00B8JBXD38

Sedol

ISIN

0.58

0.57

OCF (%)

Income

Accumulative

Rathbone Total Return As at 30 September 2024

Diversifiers

Assets that can reduce or offset equity risk during periods of market distress, such as precious metals, unleveraged commercial property funds and some hedge funds.

Assets with diversification potential demonstrated by low correlation to equities.

— commodities: precious metals, agriculture — macro/trading: discretionary and quantitative strategies — infrastructure — non-G10 government bonds — put options

Equity-type risk

— corporate bonds: investment grade, high yield — emerging market debt — global equities and private equity — REITs: UK and overseas — commodities sensitive to the economic cycle (industrial metals/energy)

Equities and all assets expected to be highly correlated with equities during periods of market stress.

Liquidity

Assets that can be sold easily, low credit risk but may carry interest rate and currency risk.

— cash, US dollars, euros and yen — government bonds: — conventional — index linked — UK and overseas — high-quality investment grade (A+ and above)

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Approach and targets

The Sharpe End podcast

Rathbones ASSET MANAGEMENT

Stock spotlight

Blog Posts

Important information

Accessibility

UK Modern Slavery Act statement

Rathbones Asset Management 30 Gresham Street London EC2V 7QN

Rathbones Asset Management Limited is authorised and regulated by the Financial Conduct Authority and a member of the Investment Association. A member of the Rathbone Group. Registered Office 30 Gresham Street, London EC2V 7QN. Registered in England No 02376568. ^The OCF includes the charges for the underlying funds held in the product. From April 2018, the ongoing charges figure has been calculated according to PRIIPs regulations, which came into effect on 1 January 2018. Holdings are based on six monthly audited accounts. Changes to fund holdings within this period may result in higher or lower ongoing charges

Click here to get in touch with us about a particular stock

The funds

Rathbone Multi-Asset Portfolios - stock spotlights

Blog

This website is for financial advisers, intermediaries and professional investors looking for all major asset classes and regions, with options for clients seeking growth, income or additional diversification through our range of funds.

From 29 March 2019 our UK domiciled funds will not accept any new clients domiciled in an European Union (EU) 27 country. Current investors within the EU and the European Economic Area (EEA) may continue to hold units in our UK domiciled funds and may make additional contributions. This is subject to change.

International

For any questions regarding Rathbone Multi-Asset Portfolios please email rutm@rathbones.com

Approach and targets

Stock spotlight

The funds

The Sharpe End podcast

Blog posts

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

1,410m

Fund size (£)

Inflation +2% (UK CPI)

Return

One half equity risk

Risk

19 June 2020

Fund inception date

Fund ratings

Inc: BKKK7X1 Acc: BKKK7Y2

Inc: GB00BKKK7X16 Acc: GB00BKKK7Y23

Sedol

ISIN

0.54

0.12

0.67

Total MifID II charges^

Transaction costs

OCF (%)

MiFID II charges (%)

Income

Accumulative

Key documents/performance

Asset breakdown

LED allocation

Fund facts

Rathbone Defensive Growth

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

3,249m

Fund size (£)

Inflation +3% (UK CPI)

Return

Two thirds equity risk

Risk

10 June 2009

Fund inception date

Fund ratings

Inc: B86NX65 Acc: B86QF24

Inc: GB00B86NX655 Acc: GB00B86QF242

Sedol

ISIN

0.55

0.08

0.64

Total MifID II charges^

Transaction costs

OCF (%)

MiFID II charges (%)

Income

Accumulative

Key documents/performance

Asset breakdown

LED allocation

Fund facts

Rathbone Strategic Growth

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

253m

Fund size (£)

Inflation +3% (UK CPI) Minimum target yield of 3%

Return

Two thirds equity risk

Risk

01 October 2015

Fund inception date

Fund ratings

Inc: BY9BSL8 Acc: BY9BT48

Inc: GB00BY9BSL83 Acc: GB00BY9BT482

Sedol

ISIN

0.64

0.07

0.71

Total MifID II charges^

Transaction costs

OCF (%)

MiFID II charges (%)

Income

Accumulative

Key documents/performance

Asset breakdown

LED allocation

Fund facts

Rathbone Strategic Income

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

757m

Fund size (£)

Inflation +4% (UK CPI)

Return

Five sixths equity risk

Risk

19 June 2020

Fund inception date

Fund ratings

Inc: BKKK6W3 Acc: BKKK6X4

Inc: GB00BKKK6W34 Acc: GB00BKKK6X41

Sedol

ISIN

0.55

0.12

0.69

Total MifID II charges^

Transaction costs

OCF (%)

MiFID II charges (%)

Income

Accumulative

Key documents/performance

Asset breakdown

LED allocation

Fund facts

Rathbone Dynamic Growth

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

408m

Fund size (£)

Inflation +5% (UK CPI)

Return

Equal to equity risk

Risk

01 August 2011

Fund inception date

Fund ratings

Acc: B7ZPKY2

Acc: GB00B7ZPKY25

Sedol

ISIN

Total MifID II charges^

Transaction costs

OCF (%)

Ongoing charges figure (OCF)

Income

Accumulative

Key documents/performance

Asset breakdown

LED allocation

Fund facts

Rathbone Enhanced Growth

As at 30 September 2024

Fund facts

LED allocation

Key documents/ performance

Asset breakdown

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

LED allocation

Asset breakdown

Key documents/ performance

LED allocation

Asset breakdown

Fund facts

LED allocation

Asset breakdown

Key documents/ performance

1,410m

Fund size (£)

Inflation +2% (UK CPI)

Return

One half equity risk

Risk

19 June 2020

Fund inception date

Fund ratings

Inc: BKKK7X1 Acc: BKKK7Y2

Inc: GB00B86SVM24 Acc: GB00B8JBXD38

Sedol

ISIN

0.54

OCF (%)

Income

Accumulative

Rathbone Defensive Growth As at 30 September 2024

Fund facts

LED allocation

Key documents/ performance

Asset breakdown

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

Key documents/ performance

LED allocation

Asset breakdown

Fund facts

LED allocation

Asset breakdown

Key documents/ performance

3,249m

Fund size (£)

Inflation +3% (UK CPI)

Return

Two thirds equity risk

Risk

10 June 2009

Fund inception date

Fund ratings

Inc: B86NX65 Acc: B86QF24

Inc: GB00B86NX655 Acc: GB00B86QF242

Sedol

ISIN

0.55

OCF (%)

Income

Accumulative

Rathbone Strategic Growth As at 30 September 2024

Fund facts

LED allocation

Key documents/ performance

Asset breakdown

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

LED allocation

Asset breakdown

Key documents/ performance

LED allocation

Asset breakdown

Fund facts

LED allocation

Asset breakdown

Key documents/ performance

253m

Fund size (£)

Inflation +3% (UK CPI) Minimum target yield of 3%

Return

Two thirds equity risk

Risk

01 October 2015

Fund inception date

Fund ratings

Inc:BY9BSL8 Acc: BY9BT48

Inc: GB00BY9BSL83 Acc: GB00BY9BT482

Sedol

ISIN

0.64

OCF (%)

Income

Accumulative

Rathbone Strategic Income As at 30 September 2024

Fund facts

LED allocation

Key documents/ performance

Asset breakdown

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

LED allocation

Asset breakdown

Key documents/ performance

LED allocation

Asset breakdown

Fund facts

LED allocation

Asset breakdown

Key documents/ performance

757m

Fund size (£)

Inflation +4% (UK CPI)

Return

Five sixths equity risk

Risk

19 June 2020

Fund inception date

Fund ratings

Inc: BKKK6W32 Acc: BKKK6X4

Inc: GB00BKKK6W34 Acc: GB00BKKK6X41

Sedol

ISIN

0.55

OCF (%)

Income

Accumulative

Rathbone Dynamic Growth As at 30 September 2024

Fund facts

LED allocation

Key documents/ performance

Asset breakdown

Fund factsheet

Monthly investment commentary

Full portfolio holdings

Quarterly investment commentary

Key investor information document

Fund performance

LED allocation

Asset breakdown

Key documents/ performance

LED allocation

Asset breakdown

Fund facts

LED allocation

Asset breakdown

Key documents/ performance

408m

Fund size (£)

Inflation +5% (UK CPI)

Return

Equal to equity risk

Risk

01 August 2011

Fund inception date

Fund ratings

Acc: B7ZPKY2

Acc: GB00B7ZPKY25

Sedol

ISIN

0.59

OCF (%)

Ongoing charges figure (OCF)

Income

Accumulative

Rathbone Enhanced Growth As at 30 September 2024

Please Note

Back

Continue

Please Note

Back

Continue

Please Note

Back

Continue

Please Note

back

Continue

0.69

0.10

0.59

Please Note

Back

Continue

Please Note

Go Back

Continue

Please Note

Go Back

Continue

Please Note

Go Back

Continue

Please Note

Go Back

Continue

Please Note

Go Back

Continue

Any views and opinions are those of the investment manager, and coverage of any assets held must be taken in context of the constitution of the fund and is in no way an investment recommendation.

Rathbone Multi-Asset Portfolios - stock spotlights

Please Note

Go Back

Any views and opinions are those of the investment manager, and coverage of any assets held must be taken in context of the constitution of the fund and is in no way an investment recommendation.

SICAV

From 29 March 2019 our UK domiciled funds will not accept any new clients domiciled in an European Union (EU) 27 country. Current investors within the EU and the European Area (EEA) may continue to hold units in our UK domiciled funds and may make additional contributions. This is subject to change.

OCF as at 31.03.2024

LED allocation

Key documents/ performance

Asset breakdown

Find OUt More

Drive to survive

Earlier this year fund managers Will McIntosh-Whyte and David Harrison crossed the Atlantic to gauge for themselves how the world’s biggest economy is faring in the face of persistent inflation and aggressive interest rate hikes. How are businesses responding to post-pandemic shifts in work practices and supply chains? Are the monster fiscal packages of the Inflation Reduction and CHIPS acts having any impact on the ground, or boosting sustainability trends even as anti-ESG sentiment picks up Stateside?

On the ground research through the US heartlands.

FIND OUT MORE

Robust risk management tools

Flexibility

Straight-forward fund construction

Daily managed and directly invested

Flexibility

Daily managed and directly invested

Robust risk management tools

Straight-forward fund construction

Address

Important Information

— The US home improvement business that services both retail and trade (Pro) — they are the world’s largest home improvement retailer and the second largest retailer in the US — Much time, effort, and money has been spent on strategic projects to improve the customer experience in both retail and trade channels — this work is vital in securing Home Depot’s position in the face of competition from physical and ecommerce competitors — In their “Pro” channel, which accounts for around half of sales, the company has vastly improved its capabilities around loyalty programmes and personalised service, a drive which has allowed them to focus on more planned purchases rather than unplanned, which had previously been where they were used most in the “Pro” channel — Where Home Depot’s customer focus in retail can be seen the best in via their app which not only allows you to look for products, but when in store can be used to scan barcodes for more product information, has a geo-location feature which will tell you exactly where a product is for those quick purchases when you want to be in and out, and has an augmented realty (AR) function so customers can see what those new taps would look like on their sink — For Home Depot, the customer is king and this focus on making the shopping experience more efficient, more personalised, and more seamless is why we believe they can continue to be a leader for many years to come

— Merck is a global health care company that offers health solutions through prescription medicines, vaccines, biologic therapies and animal health products. It operates through two main segments - pharmaceutical which is the vast majority, and it also has a small animal health segment — It has a wide range of pharmaceutical products, including those for treating cancer, diabetes, and heart disease - its flagship drug is Keytruda a cancer immunotherapy drug. — This diversification helps mitigate risk, as the company is not overly reliant on any product or therapeutic area. Additionally, the company has a strong pipeline of new medicines to further drive future growth. — As a pharmaceutical business it should be less susceptible to rising costs from inflation compared to other sectors and should perform relative defensively if we enter a recessionary period

Fixed Income Research Analyst – Multi-Asset

SALLY HOANG

Fixed Income Research Analyst – Multi-Asset

Sally is the fixed income research analyst for the Rathbone Multi-Asset and Rathbone Greenbank Multi-Asset Portfolio funds. Sally joined Rathbones in September 2022 as an analyst for the Rathbone Fixed Income Team. Prior to joining Rathbones, she worked in fixed income and private wealth management at Evans and Partners in Australia. Sally graduated from Monash University, Melbourne, with a Bachelor of Pharmacy (with Honours) and Bachelor of Commerce (majoring in Finance) and is currently a Chartered Financial Analyst (CFA) Level 3 candidate.

The Sharpe End Podcast

Ongoing charges figure (OCF)

The Sharpe End Podcast

We don’t have all the answers, but we have plenty of opinions. Discover the latest news and views from the Rathbone multi-asset investing team. Available on all major podcasting platforms.

The Sharpe End Podcast

Listen now

Thank you for subscribing to receive Rathbone Multi Asset Portfolio updates

What happens next?

You have opted in to receive Rathbone Multi-Asset Portfolio updates via email. If you selected "I would like a Rathbones representative to contact me about my interest in these funds" a member of our sales team will be in contact with you soon. For further details on how we handle your personal information, please visit our Privacy policy.

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Return to Rathbone Multi-Asset Portfolio Funds

Important information

Accessibility

UK Modern Slavery Act statement