Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Rathbone Income

Ranked 66 out of 106 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Carl Stick

Carl Stick graduated from the University of Southampton in 1991 with a BA Honours degree in English Literature. Having served in several non-investment related jobs, he took up a position as an assistant private client manager with stockbroking firm Neilson Cobbold, Tunbridge Wells, in 1996. When Rathbones acquired Neilson Cobbold in 1998 Carl transferred to London. In August 1998, after two years as a discretionary investment manager, he became an assistant fund manager for the unit trust business, working alongside Hugh Priestley. Carl took over the management of the Rathbone Income Fund in January 2000. Since October 2001, he has been a Board Director of Rathbone Unit Trust Management and plays a key role in the development of Rathbone's investment process and business strategy. He is also I.I.M.R-qualified and a Fellow of the Securities Institute.

Objective

The investment objective is to achieve above average and maintainable income but without neglecting capital security and growth. The manager intends to achieve the objective primarily through the purchase of ordinary shares with an above average yield. There is no restriction on the economic sectors or geographical areas in which the fund may invest. However, investments will always be predominantly in the ordinary shares of UK companies.

Performance

UK Equity Income over : 31/07/2013 - 31/07/2014

Total Return

Quarterly Performance

to 31/07/2014 Annual Q1 Q2 Q3 Q4
2014 2.6% 1.3% 1.7% -0.3%
2013 24.5% 10.3% 2.7% 4.8% 4.8%
2012 15.5% 4.7% -0.8% 7.5% 3.3%
2011 0.3% -1.4% 2.4% -6.7% 6.4%
2010 19.3% 5.7% -6.7% 9.6% 10.4%
2009 24.2% -10.8% 13.7% 17.3% 4.4%
2008 -34.1% -10.4% -5.2% -11.0% -12.7%
2007 -2.4% 3.6% 0.3% -4.1% -2.0%
2006 21.7% 10.1% -2.1% 5.0% 7.5%
2005 23.8% 4.1% 2.5% 7.8% 7.8%
2004 19.1% 5.7% 3.0% 2.2% 7.1%
2003 24.4% -4.7% 18.0% 4.5% 5.9%
2002 -9.0% 7.5% -1.7% -13.7% -0.1%
2001 6.9% 2.7% 5.6% -11.9% 11.9%
2000 18.0% -1.2% 6.7% 1.5% 10.2%
1999 12.9% 0.5% 8.5% -4.0% 7.8%
1998 13.9% 11.3% 4.1% -8.5% 7.5%
1997 25.2% 6.7% 4.2% 11.3% 1.2%
1996 17.8% 1.7% 4.5% 5.2% 5.4%
1995 5.6% 0.4% 5.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2014

Top 10 Holdings

Stock Size
GlaxoSmithKline PLC ORD 5.63
AstraZeneca PLC ORD 4.27
Rio Tinto PLC ORD 4.16
British American Tobacco PLC ORD 3.84
HSBC Holdings PLC ORD 3.46
Royal Dutch Shell Plc B ORD 3.40
BAE Systems PLC ORD 3.28
SSE PLC ORD 3.28
Reckitt Benckiser Group PLC ORD 3.11
Unilever PLC ORD 3.08
30/06/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date12/02/1971
  • Share Class size307Mn
  • Base currencyGBP
  • ISIN GB0001229045

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment100

Charges

  • Annual management1.5%

Related News

AA-rated ex-Rathbones manager added to Merlin Portfolios

The Jupiter Merlin team has added the Evenlode Income fund, managed by Rathbones alumnus Hugh Yarrow, to two of its portfolios.

Aberdeen's Duce replaces £80m Woodford mandate with Carl Stick

Aberdeen co-multi-manager head Graham Duce is concerned Neil Woodford's Invesco Perpetual Income funds will lose some of their defensive characteristics under Mark Barnett.    

Jupiter & Henderson Hargreaves 150+ exclusion cheers brokers

Analysts are pleased to note listed managers have marginal representation on Hargreaves Lansdown’s discounted Wealth 150+ list.

Hargreaves Lansdown reveals the 27 super clean funds on 150+

Hargreaves Lansdown has revealed the 27 heavily discounted funds on its 150+ list, which is says has slashed investment fund pricing by 24%.

Sanlam cuts Barnett & Artemis pair in major income overhaul

Income funds from Artemis and Invesco are among six ejected from Sanlam's White List, with Standard Life and Rathbones beneficiaries, while Newton and M&G find themselves blacklisted.

Rathbones’ Stick backs Barclays for 'dividend bonanza'

Rathbone Income manager Carl Stick has bought into Barclays and Rio Tinto, marking his first foray into mining and banking for years.

Rathbones' Webb: why buy list concentration risk can reverse

The lead up to the retail distribution review (RDR) may have seen a growing crossover among the buy lists of large discretionary houses, but this trend should reverse as due diligence processes grow in sophistication, according to Mike Webb.

Man Group shareholders call for Roman to oust Clarke as CEO

Investors are running out of patience with Man Group chief executive Peter Clarke after another grim trading update from the hedge fund firm last week.

Top 10 shareholders increase pressure on Man chief

The 10 biggest shareholders in hedge fund firm Man Group have given its boss Peter Clarke a 'window'  to turn things around, according to reports.

How Rathbones' Stick intends to keep his A-rating

After a tough few years Rathbones equity income fund manager Carl Stick is back in the limelight and he believes a defensive stance is the best way to preserve his turnaround.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).