Document Library
Factsheet | KIID |
Annual report | Monthly note |
Quarterly note | Prospectus |
Brochure | Sustainability process |
For additional fund documents and share classes visit our literature library
Why invest in the Rathbone Greenbank Global Sustainable Bond Fund?
- Exposure to the whole global sustainable fixed income market, with limited currency risks
- A blend of areas with more risk and reward, such as high yield, and safer assets such as government and high-quality corporate bonds
- The managers aim to beat the IA Sterling Strategic Bond sector while investing sustainably
- Identifying big, long-term themes about new technologies, consumer trends or macroeconomic changes and investing accordingly
We buy global bonds issued by companies, governments, charities and non-governmental organisations. We invest across all types of bond and interest-rate markets, both at home and overseas. The objective of our fund is to deliver a greater total return than a benchmark we have created to represent the global fixed income market, 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. You can find our fund’s full objective and investment policy in our Key Investor Information Document (KIID).
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 sustainability process 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 against 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 corporate bonds, there are three assessments we make. First, we look at the economic environment to determine which industries we want to own and the duration, or sensitivity to interest rate changes, 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
Click here for the latest assessment of our performance.
Notice: The F class is now closed to new investors.
For more information on additional share classes please email ram@rathbones.com
Performance data will be available 12 months from launch
PRice and Dividends data will be available at month end
Breakdown data will be available at month end
Rathbone Greenbank Global Sustainable Bond Fund Factsheet (F class)
30 September 2024
F (acc), F (inc)
Download FileRathbone Greenbank Global Sustainable Bond Fund - full fund holdings
30 September 2024
Download FileRathbone Greenbank Global Sustainable Bond Fund Factsheet (S Class)
30 September 2024
S (acc), S (inc)
Download FileRathbone Greenbank Global Sustainable Bond Fund - Quarterly Investment Commentary
30 September 2024
Download FileRathbone Greenbank Global Sustainable Portfolios Application Form (I-Class) For Corporate Investors
8 July 2024
I (inc), I (acc)
Download FileRathbone Greenbank Global Sustainable Portfolios ISA application Form (I-Class) 2024/2025
8 July 2024
I (acc), I (inc)
Download FileRathbone Greenbank Global Sustainable Portfolios Application Form (S-Class) For Corporate Investors
8 July 2024
S (inc), S (acc)
Download FileRathbone Greenbank Global Sustainable Bond Fund - Key Investor Information (F class)
16 February 2024
F (inc)
Download FileRathbone Greenbank Global Sustainable Bond Fund - Key Investor Information (S class)
16 February 2024
S (inc)
Download FileRathbone Greenbank Global Sustainable Bond Fund - Key Investor Information (I Inc)
16 February 2024
I (inc)
Download FileMeet the fund managers
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.
STUART CHILVERS
Fund Manager
STUART CHILVERS
Fund Manager
Stuart is lead fund manager of the Rathbone High Quality Bond Fund and co-manager of the Rathbone Greenbank Global Sustainable Bond Fund. He works with our head of fixed income, Bryn Jones, assisting in the management of the Rathbone Ethical Bond and the Rathbone Strategic Bond funds as well. Stuart joined Rathbones in September 2017 and was made an assistant fund manager in January 2020, then fund manager in January 2022. Previously, he spent three years at Brown Shipley. He is a Chartered Financial Analyst (CFA) charterholder and holds the Chartered Institute for Securities & Investment (CISI) Chartered Wealth Manager Qualification, having won the CISI Financial Markets & CISI Chartered Wealth Manager Qualification awards at the annual CISI awards in 2016 and 2017 respectively. He was named in the 2018 Citywire Top 30 under 30 investment management awards. He graduated from Bath University with a first-class Bachelor’s degree in Mathematics.
Stuart is lead fund manager of the Rathbone High Quality Bond Fund and co-manager of the Rathbone Greenbank Global Sustainable Bond Fund. He works with our head of fixed income, Bryn Jones, assisting in the management of the Rathbone Ethical Bond and the Rathbone Strategic Bond funds as well. Stuart joined Rathbones in September 2017 and was made an assistant fund manager in January 2020, then fund manager in January 2022. Previously, he spent three years at Brown Shipley. He is a Chartered Financial Analyst (CFA) charterholder and holds the Chartered Institute for Securities & Investment (CISI) Chartered Wealth Manager Qualification, having won the CISI Financial Markets & CISI Chartered Wealth Manager Qualification awards at the annual CISI awards in 2016 and 2017 respectively. He was named in the 2018 Citywire Top 30 under 30 investment management awards. He graduated from Bath University with a first-class Bachelor’s degree in Mathematics.
Christie Goncalves
Assistant Fund Manager
Christie Goncalves
Assistant Fund Manager
Christie joined Rathbones in January 2024, arriving with 15 years of experience in fixed income markets, most recently at Vanguard where she spent eight years as an assistant portfolio manager on global corporate Environment Social and Governance (ESG) funds and ETFs, and as a senior trader focused on European and UK government and corporate bonds. Prior to this she was an emerging markets trader and portfolio manager for Stanlib in South Africa.
She has an honours degree in Investment Management from the University of Pretoria (cum laude), is a Chartered Financial Analyst (CFA) charterholder and holds the Financial Risk Manager qualification.
Christie joined Rathbones in January 2024, arriving with 15 years of experience in fixed income markets, most recently at Vanguard where she spent eight years as an assistant portfolio manager on global corporate Environment Social and Governance (ESG) funds and ETFs, and as a senior trader focused on European and UK government and corporate bonds. Prior to this she was an emerging markets trader and portfolio manager for Stanlib in South Africa.
She has an honours degree in Investment Management from the University of Pretoria (cum laude), is a Chartered Financial Analyst (CFA) charterholder and holds the Financial Risk Manager qualification.
In Conversation
Managers Bryn Jones and Stuart Chilvers and assistant manager Christie Goncalves set out how their fund has fared since its launch late last year, current positioning and where they are seeing value in bond markets currently. They discuss emerging trends in sustainability-labelled bond issuance, their outlook for bond markets for the rest of the year and how they expect to see this rate cycle unfold.