Rathbone SICAV Ethical Bond Fund

Income with a conscience

Document Library

Factsheet KIID
Interim report Annual report
Holdings report Monthly note
Quarterly note Prospectus
Fund brochure Sustainability related disclosure
Sustainability related disclosure ES  Case studies

For additional fund documents and share classes visit our literature library

Awards and Ratings

 

WHY INVEST IN THE ETHICAL BOND FUND?

  • One of the UK’s oldest ethically managed bond strategies, run by Bryn Jones since 2004
  • Greenbank, an ethical, sustainable and impact research division of Rathbones that can’t be influenced by our fund managers, has a veto on holdings, minimising the risk of greenwashing  
  • A portfolio of higher-yielding investment grade UK bonds offers a compromise of risk and return that doesn’t compromise on its values
  • Identifying big, long-term themes about new technologies, consumer trends or changes to the economic environment and investing accordingly 

 

FUND OVERVIEW

We predominantly buy sterling bonds issued by companies, charities, the UK government and non-governmental organisations. The objective of our fund is to deliver a greater total return than the IA Sterling Corporate Bond sector, after fees, over any rolling five-year period. There is no guarantee that this investment objective will be achieved over five years, or any other time period. We use the IA sector as a target for our fund's return because we aim to consistently outperform the average return of our competitors. You can find our fund’s full objective and investment policy in our Key Investor Information Document (KIID), here.

At the same time, we avoid investing in activities that make the planet or its inhabitants worse off, and actively support those projects that are doing good in the world. You can read our ethical screening criteria in depth here.

Greenbank, an ethical, sustainable and impact research division of Rathbones that can’t be influenced by our fund managers, assesses all our investments on these positive and negative social and environmental criteria. Greenbank has a veto over all our investments to ensure profits never override sustainability. Our fund managers then compare prices to determine the best value bonds to include in our fund. You can view our latest case studies document here.

When picking UK corporate bonds, we make three assessments. First, we look at the economic environment to determine which industries we want to own and the duration, or sensitivity to interest rates, of our investments. Then we use the Four Cs Plus approach to evaluate creditworthiness.

We assess:  

  • Character: Whether a company's managers have integrity and competence
  • Capacity: Ensuring a company isn't over-borrowing and has the cash to pay its debts
  • Collateral: Are there assets backing the loan, which reduces the risk of a loan?
  • Covenants: These loan agreements set out the terms of the bond and restrictions on the company
  • The Plus: We think differently to the market; sometimes contrarian, sometimes sceptical of orthodox thinking, but always opinionated

These twin processes of investment and ethics mean all our investments have a sound investment case and a solid sustainability record.

Costs and Charges

MiFID II charges

L Inc/Acc GBP, (also available in USD, EUR and CHF income and accumulation shares)

Ongoing charges figure (OCF) as at 31.03.2023
Inc: 0.55%/Acc: 0.55%

Transaction costs
Inc: 0.10%/Acc: 0.10%

Total MiFID II charges
Inc: 0.65%/Acc: 0.65%

PRIIPs compliant. For more information on any of the other shares/currencies available, please contact international@rathbones.com

 

Factsheets

Rathbone SICAV Multi-Asset Total Return Portfolio, Factsheet - L class, EUR (Inc/Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Total Return Portfolio, Factsheet - L class, USD (Inc/Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Total Return Portfolio, Factsheet - L class, GBP (Inc/Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Enhanced Growth Portfolio, Fund Factsheet - L class, EUR (Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Enhanced Growth Portfolio, Fund Factsheet - L class, USD (Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Enhanced Growth Portfolio, Fund Factsheet - L class, GBP (Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Fund Factsheet - L class, GBP (Inc/Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Fund Factsheet - L class, EUR (Inc/Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Fund Factsheet - L class, USD (Inc/Acc)

31 May 2024

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Rathbone SICAV Global Opportunities Fund, Fund Factsheet - L class, GBP, EUR, USD (Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio - L3 class, EUR (Acc)

31 May 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio - P3 class, GBP (Acc)

31 May 2024

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Key Investor Information

Rathbone SICAV Multi-Asset Enhanced Growth Portfolio - L class, GBP (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Enhanced Growth Portfolio - L class, EUR (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Enhanced Growth Portfolio - P0 class, EUR (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Enhanced Growth Portfolio - L0 class, GBP (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Key Investor Information Document - L3 class, EUR (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Key Investor Information Document - P0 class, EUR (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Key Investor Information Document - P1 class, GBP (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Key Investor Information Document - P1 class, EUR (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Key Investor Information Document - P2 class, GBP (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Strategic Growth Portfolio, Key Investor Information Document - P3 class, GBP (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Total Return Portfolio - P0 class, EUR (Acc)

11 March 2024

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Rathbone SICAV Multi-Asset Total Return Portfolio, Key Investor Information Document - P1 class, GBP (Acc)

11 March 2024

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Application material

Rathbone SICAV supplementary information document

1 February 2024

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Investment commentary

Rathbone SICAV Ethical Bond Fund - Investment commentary

31 May 2024

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Rathbone SICAV Ethical Bond Fund - Quarterly Investment commentary

31 March 2024

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Fund manager reports

Rathbone Luxembourg Funds SICAV, semi-annual report

31 March 2024

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Rathbone Luxembourg Funds SICAV, annual report

30 September 2023

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Fund brochures

Rathbone Luxembourg Ethical Bond Case Study Brochure

1 August 2022

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Rathbone SICAV product brochure, Rathbone Ethical Bond

27 April 2022

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Regulatory

Rathbone Luxembourg Funds SICAV prospectus

12 February 2024

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Notice to shareholders - Rathbone Luxembourg Funds SICAV - Sub Fund Changes

29 November 2023

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Rathbone SICAV 2023 UK Reporting Fund Status

30 September 2023

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Rathbone Luxembourg Funds SICAV - UK Country Supplement

26 May 2023

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Rathbone Luxembourg Funds – CBDF Ireland and Spain Country Supplement

26 May 2023

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Rathbone SICAV 2022 UK Reporting Fund Status

28 March 2023

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Sustainability Related Disclosure ES

13 January 2023

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Sustainability Related Disclosure

30 December 2022

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Notice to shareholders - Rathbone Luxembourg Funds SICAV - Div pmts

5 December 2022

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Notice to shareholders - Rathbone Luxembourg Funds SICAV - Div pmts - ES

5 December 2022

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Meet the fund manager

Bryn Jones

Head of fixed income and fund manager

Bryn Jones

Head of fixed income and fund manager

Bryn is head of fixed income at Rathbones and is lead manager of the Rathbone Ethical Bond, the Rathbone Strategic Bond and the Rathbone Greenbank Global Sustainable Bond funds. He joined Rathbones in November 2004 from Merrill Lynch Investment Managers, where he managed $2 billion of fixed income assets. Bryn is a member of the Rathbone Strategic Asset Allocation Committee, non-executive chairman of Rathbones' Fixed Income Committee, and an adviser to the Rathbones Banking Committee. He also sits on the Investment Association’s Fixed Income Committee. Bryn appears regularly on CNBC and Bloomberg TV to discuss bond markets. Bryn graduated from Birmingham University with a Bachelor of Arts degree in Geography in 1995. 

Bryn is head of fixed income at Rathbones and is lead manager of the Rathbone Ethical Bond, the Rathbone Strategic Bond and the Rathbone Greenbank Global Sustainable Bond funds. He joined Rathbones in November 2004 from Merrill Lynch Investment Managers, where he managed $2 billion of fixed income assets. Bryn is a member of the Rathbone Strategic Asset Allocation Committee, non-executive chairman of Rathbones' Fixed Income Committee, and an adviser to the Rathbones Banking Committee. He also sits on the Investment Association’s Fixed Income Committee. Bryn appears regularly on CNBC and Bloomberg TV to discuss bond markets. Bryn graduated from Birmingham University with a Bachelor of Arts degree in Geography in 1995.