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Rathbone Income

Ranked 27 out of 110 in - UK Equity Income over 12 months
All calculations are in GBP unless stated

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.


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.

Showing fund performance in United Kingdom View performance globally


UK Equity Income over : 31/12/2014 - 31/12/2015

Total Return

Quarterly Performance

to 31/12/2015 Annual Q1 Q2 Q3 Q4
2015 9.0% 6.4% -1.3% -1.3% 5.1%
2014 6.6% 1.3% 1.7% 1.0% 2.5%
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 5.2%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
AstraZeneca PLC ORD 4.22
HSBC Holdings PLC ORD 3.62
Rio Tinto PLC ORD 3.53
GlaxoSmithKline PLC ORD 3.48
Reckitt Benckiser Group PLC ORD 3.46
British American Tobacco PLC ORD 3.17
BAE Systems PLC ORD 2.86
Royal Dutch Shell Plc B ORD 2.83
Lockheed Martin Corp ORD 2.81
Aviva PLC ORD 2.77

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date12/02/1971
  • Share Class size193Mn
  • Base currencyGBP
  • ISIN GB0001229045

Purchase Info

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


  • Annual management1.50%

Related News

Why Rathbones’ Stick is keeping patience with HSBC …for now

HSBC has dominated the headlines for the wrong reasons recently. Rathbone Income manager Carl Stick is all too aware of this, but willing to continue holding the bank for the time being.

Profile: Wellian's investment boss on funds for 2015

Rathbones' Stick buys housebuilder after five-year hiatus

Rathbones' Carl Stick admits he is ‘slightly jaundiced’ when it comes to his outlook for housebuilders post the credit crisis, but has identified value opportunities nonetheless.

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.


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