Morningstar Fund Report  | 02/04/2025Print

Rathbone Multi-Asset Strategic Income Portfolio S Acc

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
Rathbone Multi-Asset Strategic Income Portfolio S Acc
Fund8.7-6.17.35.62.1
+/-Cat-2.54.0-1.1-3.40.0
+/-B’mrk-3.61.2-3.4-5.6-1.0
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
01/04/2025		 GBX 156.82
Day Change 0.64%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector Volatility Managed
ISIN GB00BY9BT482
Fund Size (Mil)
30/09/2024		 GBP 253.60
Share Class Size (Mil)
01/04/2025		 GBP 45.49
Max Initial Charge -
Ongoing Charge
30/09/2024		  0.58%
Morningstar Research
Analyst Report31/10/2024
Tom Mills, Principal
Morningstar, Inc

Rathbone Multi-Asset Strategic Income is a solid option for investors looking for a combination of growth potential and regular monthly income. The success of the strategy lies in its disciplined investment process crafted by a seasoned money...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Rathbone Multi-Asset Strategic Income Portfolio S Acc
The objective of the fund is to deliver an income of 3% or more each year. We also aim to deliver a greater total return than the CPI measure of inflation + 3%, after fees, over any rolling five-year period by investing with our Liquidity Equity Diversifiers (LED) framework. The fund aims to deliver this return with no more than two-thirds of the volatility of the FTSE Developed stock market index. To meet the objective, the fund manager will invest globally in government and corporate bonds with no restriction on their credit quality, equities, collective investment schemes and structured products. Up to 10% of the fund can be invested directly in contingent convertible bonds.
Returns
Trailing Returns (GBP)01/04/2025
YTD0.75
3 Years Annualised3.14
5 Years Annualised6.31
10 Years Annualised-
12 Month Yield 3.52
Management
Manager Name
Start Date
David Coombs
01/10/2015
Will McIntosh-Whyte
01/07/2019
Inception Date
01/10/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
UK CPI + 3%Morningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  Rathbone Multi-Asset Strategic Income Portfolio S Acc28/02/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock48.230.0048.23
Bond35.870.0035.87
Property0.030.000.03
Cash37.1125.4911.62
Other4.250.004.25
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States49.01
United Kingdom33.09
Eurozone7.66
Europe - ex Euro5.53
Asia - Developed4.70
Top 5 Sectors%
Financial Services24.90
Healthcare13.67
Industrials10.74
Technology9.36
Consumer Cyclical7.52
Top 5 HoldingsSector%
United Kingdom of Great Britain ... 4.65
United Kingdom of Great Britain ... 3.37
European Investment Bank 5.5%2.92
United Kingdom of Great Britain ... 2.60
United Kingdom of Great Britain ... 2.12
Increase Decrease New since last portfolio
Rathbone Multi-Asset Strategic Income Portfolio S Acc
Growth Of 1000 (GBP) 28/02/2025
Fund:  Rathbone Multi-Asset Strategic Income Portfolio S Acc
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return-3.6412.120.908.66-6.067.285.582.10
+/- Category2.73-3.55-4.35-2.484.02-1.09-3.410.00
+/- Category Index---3.62-3.611.20-3.39-5.65-1.04
% Rank in Category1753764313678950
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.64   1.600.21
1 Week-0.14   0.960.91
1 Month-1.32   1.951.82
3 Months0.75   1.980.85
6 Months-0.64   -0.51-2.51
YTD0.75   1.980.85
1 Year3.99   0.79-1.69
3 Years Annualised3.14   0.24-2.14
5 Years Annualised6.31   -1.45-3.40
10 Years Annualised-   --
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20242.290.993.26-1.02
20230.84-0.440.726.10
2022-1.74-5.88-3.565.32
20212.252.910.812.44
2020-12.768.060.976.01
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearBelow AverageLow2 star
10-Year--Not Rated
OverallBelow AverageLow2 star
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev7.00 %
3-Yr Mean Return4.00 %
 
3-Yr Sharpe Ratio0.01
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar UK Mod Tgt Alloc NR GBP
3-Yr Beta0.780.88
3-Yr Alpha-2.57-0.92
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 62267-
Market Capitalisation% of Equity
Giant29.91
Large45.07
Medium20.84
Small3.52
Micro0.65
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.810.85
Price/Book2.640.99
Price/Sales1.230.66
Price/Cash Flow10.250.89
Dividend-Yield Factor3.371.50
 
Long-Term Projected Earnings Growth8.590.86
Historical Earnings Growth1.200.16
Sales Growth6.331.17
Cash-Flow Growth3.300.52
Book-Value Growth3.720.61
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 269
Maturity Distribution %
1 to 316.12
3 to 515.26
5 to 713.05
7 to 1028.14
10 to 156.79
15 to 205.36
20 to 308.79
Over 300.63
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 60-80% Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock48.230.0048.23
Bond35.870.0035.87
Property0.030.000.03
Cash37.1125.4911.62
Other4.250.004.25
World Regions28/02/2025
 % of EquityRelative to Category
United States49.010.94
Canada0.000.00
Latin America0.010.01
United Kingdom33.091.73
Eurozone7.660.83
Europe - ex Euro5.531.33
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed4.701.43
Asia - Emerging0.000.00
 
Category: GBP Allocation 60-80% Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.061.04
Consumer CyclicalConsumer Cyclical7.520.70
Financial ServicesFinancial Services24.901.44
Real EstateReal Estate4.851.92
Consumer DefensiveConsumer Defensive7.111.09
HealthcareHealthcare13.671.16
UtilitiesUtilities6.412.52
Communication ServicesCommunication Services5.130.68
EnergyEnergy6.241.71
IndustrialsIndustrials10.740.85
TechnologyTechnology9.360.45
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings63
Total Number of Bond Holdings44
Assets in Top 10 Holdings25.20
NameSectorCountry% of Assets
United Kingdom of Great Britain and N... United Kingdom4.65
United Kingdom of Great Britain and N... United Kingdom3.37
European Investment Bank 5.5%2.92
United Kingdom of Great Britain and N... United Kingdom2.60
United Kingdom of Great Britain and N... United Kingdom2.12
Invesco US High Yield Faln Angl ETFIreland2.01
United Kingdom of Great Britain and N... United Kingdom1.96
United States Treasury Bonds 5.25%United States1.94
United States Treasury Notes 4.125%United States1.92
Australia (Commonwealth of) 4.5%Australia1.71
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% Equity
 
Management
Name of CompanyRathbones Asset Management Limited
Phone020 7399 0399
Websiterathbonefunds.com
Address8 Finsbury Circus
 London   EC2M 7AZ
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date01/10/2015
Fund Advisor(s)
Rathbones Asset Management Limited
Fund ManagerDavid Coombs
Manager Start Date01/10/2015
 
Biography
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.
Fund ManagerWill McIntosh-Whyte
Manager Start Date01/07/2019
Education
University of Manchester, B.Sc
 
Biography
Will is responsible for managing the Rathbone Multi-Asset Portfolio funds. He joined the charities team at Rathbones in 2007, and was appointed as an investment manager in 2011, running institutional multi-asset mandates. He has been with the Multi-Asset team since 2015. Will graduated from the University of Manchester Institute of Science and Technology with a BSc Hons in Management, and is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge2.00%
Ongoing Charge0.58%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes