Rathbone Income Fund Institutional Inc
UK Equity Income
Rated Fund 2014-2018. A solid choice for rising income
Rathbone Income is a fund that income investors are likely to be able to put in their portfolio and forget about. That is because it has the best record among open-ended equity funds for paying rising dividends -- last year achieving its 23rd increase out of the past 24 years. Its current yield is 3.7 per cent and it pays income half-yearly. The fund can invest in dividend-paying companies of any size and has a concentrated portfolio of 30 to 50 holdings. Carl Stick, its manager since 2000, believes that adding further holdings to try to spread risk is only distracting.Stick's investment style is a mixture of both 'value' and 'growth': growth, because he wants the dividend stream to grow year on year and value because he wants to buy shares that offer the greatest value and provide a high earnings yield.He looks for the best companies he can find relying on 'simple ideas' such as earnings and dividend growth, a recognition of quality businesses, management teams and products, and also paying the right price for that. Although most of his holdings are in the FTSE 100 index, around 33 per cent of the portfolio is invested in medium-sized and smaller companies for diversification.Stick believes he often gains an edge from taking a longer-term perspective of business prospects, looking beyond short-term headwinds to a time when underlying characteristics are re-asserted. His average holding period is four to five years. The fund's volatility is low.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|GlaxoSmithKline PLC||4.59 %|
|Unilever PLC||4.55 %|
|Reckitt Benckiser Group PLC||4.29 %|
|BP PLC||4.06 %|
|Royal Dutch Shell PLC B||3.97 %|
|RELX PLC||3.48 %|
|Legal & General Group PLC||3.40 %|
|Bunzl PLC||3.39 %|
|AstraZeneca PLC||3.34 %|
|WEC Energy Group Inc||3.14 %|
|United Kingdom||87.54 %|
|United States||7.18 %|
|Consumer Cyclical||20.33 %|
|Consumer Defensive||19.58 %|
|Financial Services||15.53 %|
Mr. Dobbie joined Rathbones in October 2005, having graduated from the University of Strathclyde Business School with an MSc in Finance. He also holds degrees from the Universities of Glasgow and Edinburgh. Alan specializes in Pan-European equities, and has assisted in the management of various institutional and retail funds within Rathbone Unit Trust Management. In addition, Alan holds the Investment Management Certificate and is a Chartered Financial Analyst charter holder.
Mr. Stick transferred to London in August 1998, after Rathbones acquired Neilson Cobbold in 1996, where he became an assistant fund manager for the unit trust business, working alongside Hugh Priestley. Carl is a Board Director of Rathbone Unit Trust Management and plays a key role in the development of Rathbones’ investment process and business strategy. Carl graduated from the University of Southampton in 1991 with a BA Honours degree in English Literature. He is also I.I.M.R.-qualified and a Fellow of the Securities Institute.
Data provided by Morningstar.
The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.
This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.
You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.