Rathbone SICAV High Quality Bond Fund

Lower-risk income from companies with strong credit

Document Library

Factsheet KIID
Interim report Annual report
Holdings report Quarterly note
Prospectus  

For additional fund documents and share classes visit our literature library

 

Why invest in the High Quality Bond Fund Fund?

  • A defensive bond fund taking limited credit and interest rate risk
  • At least 80% of the portfolio has a credit rating of at least A- or above – the very best of investment grade
  • Aims to keep its sensitivity to interest rate changes low
  • Targets a return of Bank of England’s benchmark interest rate + 0.5% 

 

We buy predominantly sterling bonds with very strong credit ratings issued by companies, the UK government and non-governmental organisations. At least 80% of our portfolio must be in bonds with a credit rating of A- or higher – four grading notches above high-yield. While we can buy bonds with longer maturities, we aim to keep our overall portfolio’s duration, or sensitivity to interest rates, below five years.  

When picking our investments, there are three assessments we make. First, we look at the economic environment to determine which industries we want to own and the duration of our investments. Then we use the Four C 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

Finally, we compare prices to determine the best value bonds to include in our fund. We aim to preserve capital and deliver a return higher than the Bank of England's benchmark interest rate + 0.5%, after fees, over any rolling three-year period. There is no guarantee that this investment objective will be achieved over three years, or any other time period. We use this target because we aim to provide a return above what you would receive in a UK savings account. Although, this is an investment product, not a cash savings account, so your capital is at risk. You can find our fund’s full objective and investment policy in our Key Investor Information Document (KIID).

Costs and Charges

MiFID II charges

Z Inc GBP, EUR 

Ongoing charges figure (OCF) as at 31.03.2023
0.35%

Transaction costs
0.08%

Total MiFID II charges
0.43%

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)

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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

29 February 2024

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Rathbone SICAV High Quality Bond Fund, Factsheet - Z class, GBP, EUR (Inc)

29 February 2024

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

29 February 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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Manager reports

Rathbone Luxembourg Funds SICAV, annual report

30 September 2023

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Rathbone Luxembourg Funds SICAV, semi-annual report

31 March 2023

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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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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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Rathbone SICAV 2021 UK Reporting Fund Status

30 March 2022

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Rathbone SICAV 2020 UK Reporting Fund Status

30 March 2021

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Meet the fund manager

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.