Rathbone UK Opportunities Fund

Seeking the best of British quality growth companies

Document Library

Factsheet KIID
Interim report Annual report
Holdings report Monthly note
Quarterly note Prospectus
Assessment of value  

For additional fund documents and share classes visit our literature library

Awards and Ratings

 

Why invest in the Rathbone UK Opportunities Fund?

  • A tight portfolio of high-quality UK-listed companies, predominantly mid-caps but investing from AIM to the FTSE 100
  • Long-term outperformance in UK equities has come from mid-caps rather than large caps in the past, albeit that isn’t a guarantee of future results
  • We assess companies using our global experience, rather than simply a UK lens, to avoid the parochial and identify world-class businesses, whatever their size. This also helps corrects for large biases to certain industries in the FTSE 100
  • A persistent focus on liquidity to avoid being a forced seller, and we don’t buy unlisted securities 

 

We search the whole of the UK for tomorrow’s quality compounders – businesses that grow steadily and reliably, with durable advantages over their competitors. We usually hold only 50 to 60 stocks in our fund, often concentrated in certain sectors, which means our performance can deviate significantly from the return of the UK stock market.

While we invest in companies of all sizes, we gravitate toward medium-sized businesses because they tend to meet our investment criteria and often provide the best reward for the amount of risk we wish to take. Our criteria target companies with robust business models and capable managers who can take advantage of opportunities in their industries. We don't take chances on businesses that can't make a profit in the near future or which are dependent on one or two risky ventures.

We use our investment criteria as a regular checklist for our investments, testing whether the reasons we bought them still hold true. It also helps us sell our holdings at the right time: when growth is exhausted or risks have risen.

The objective of our fund is to deliver a greater total return than the FTSE All-Share Index, after fees, over any five-year period. There is no guarantee that this investment objective will be achieved over five years, or any other time period. We use this index as a target for our fund’s return because we want to offer you a better return than the UK stock market. You can find our fund’s full objective and investment policy in our Key Investor Information Document (KIID).

Click here for the latest assessment of our performance. 

Fund Overview
Costs and Charges

MiFID II charges

I class

Ongoing charges figure (OCF) as at 31.03.2023
0.58%

Transaction costs
0.10%

Total MiFID II charges
0.68%

The MiFID II charges include the Ongoing Charges Figure (OCF) and transaction costs.

Performance
Prices and dividends
Breakdown
Downloads

Rathbone UK Opportunities Fund Key investor Information document (I class)

16 February 2024

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UK Opportunities Fund Factsheet (I class)

31 January 2024

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Rathbone UK Opportunities Fund - full fund holdings information

31 January 2024

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Rathbone UK Opportunities Fund - Investment commentary

31 January 2024

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Rathbones Asset Management Assessment of Value 2023 Report (Consolidated)

30 January 2024

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I-Class Single Strategy application form (Individual Investor)

25 January 2024

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I-Class Single Strategy application form (Corporate Investor)

25 January 2024

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Single Strategy - Supplementary Information Document

9 January 2024

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Rathbone UK Opportunities Fund - Quarterly investment commentary

31 December 2023

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UK Opportunities Fund report and accounts, Annual

30 September 2023

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Meet the fund manager

Alexandra Jackson

Fund manager

Alexandra Jackson

Fund manager

Alexandra is the manager of the Rathbone UK Opportunities Fund. She was appointed co-manager in June 2014 and named sole manager in August 2017. Previously she was assistant fund manager on the Rathbone Global Opportunities Fund.  

Alexandra joined Rathbones in January 2007 as an equity analyst, having graduated from the University of Durham (University College) with a BA Hons in Economics. Alexandra is a Chartered Financial Analyst (CFA) charterholder and holds the Investment Management Certificate. She sits on the Rathbones Asset Management Responsible Investment Committee. 

Alexandra is the manager of the Rathbone UK Opportunities Fund. She was appointed co-manager in June 2014 and named sole manager in August 2017. Previously she was assistant fund manager on the Rathbone Global Opportunities Fund.  

Alexandra joined Rathbones in January 2007 as an equity analyst, having graduated from the University of Durham (University College) with a BA Hons in Economics. Alexandra is a Chartered Financial Analyst (CFA) charterholder and holds the Investment Management Certificate. She sits on the Rathbones Asset Management Responsible Investment Committee. 

IN CONVERSATION JANUARY 2024

Manager Alexandra Jackson details the fund’s exceptionally strong end to 2023, which helped deliver first-quartile performance for the year. She reveals which stocks materially contributed to returns, and explains the impact of M&A. She also discusses why most people got the ‘recession call’ wrong last year, how the UK economy is really faring, and how an election might change the outlook. Find out who has described UK mid-caps as “the standout trade for 2024” and where global investors might find alpha in UK markets.

Insights

Alexandra Jackson, manager of Rathbone UK Opportunities, discusses the challenges faced by the UK equities market, examining the impact of global events, rising bond yields, and third-quarter results on investor sentiment. Alexandra provides a nuanced perspective on the housing market, particularly focusing on Rightmove's resilience amid competition. Alexandra shares her views on the UK's economic fundamentals, valuations, and why investors should keep a keen eye on the market in 2024.