Charity multi-asset funds
Our actively managed charity multi-asset funds provide a straightforward and tax-efficient 'one stop' investment solution for charities. Both funds seek to be a cost-effective method for gaining exposure to a variety of asset classes while optimising capital growth and income within their respective risk profiles. Both funds’ management fees are exempt from VAT.
Rathbone Core Investment Fund for Charities
The fund's objective is to achieve long term capital growth and a level of income while employing a total return approach. The fund's management fees are exempt from VAT.
Client suitability: investors should be medium risk charities, seeking to achieve long-term returns generated from a mixture of capital growth and income, with lower levels of volatility than equity markets. This means that they should be able to commit money to these investments for a minimum of five years, or longer if necessary.
Ethical investment policy: the fund will not invest directly in companies manufacturing tobacco or tobacco products, or companies that derive more than 10% of their revenues from the manufacture of alcoholic beverages, armaments, gambling, high interest rate lending or pornography.
Managed by Andrew Pitt, Head of charities - London, Fund manager
Andy joined Rathbones in June 2014 as an Investment Director and Head of Charities, London, following his previous role as Head of Charities at Newton Investment Management. Andy has also worked at Schroder Investment Management and UBS Wealth Management, and during his career has managed investment portfolios for a wide variety of charities and other not-for-profit organisations.
View the factsheet and KIID
Read the fund’s launch press release
Date launched: 03 October 2016
Rathbone Active Income and Growth Fund
The fund’s objective is to achieve a total return of between 3% and 4% above the Consumer Price Index (CPI) over a rolling three-year period. The fund has a targeted risk budget of two-thirds of the volatility of global equities as measured by the MSCI World Equity index. In short the fund seeks to achieve equity-like returns with less than equity risk, together with a sustainable income yield. The fund’s management fees are exempt from VAT.
Client suitability: investors should be medium risk charities, seeking to achieve long-term returns generated from a mixture of capital growth and income, with lower levels of volatility than equity markets. If equities go down, investors might expect drawdowns typically of as much as two-thirds of equity market falls or possibly more in extreme market events. This means that they should be able to commit money to these investments for a minimum of three years, or longer if necessary.
Ethical investment policy: the fund is subject to certain ethical investment constraints and will aim not to have any direct exposure to companies that generate more than 20% of their turnover from tobacco, gambling, high interest rate lending or pornography.
Managed by James Codrington, Investment director, Fund manager
James joined Rathbones in 2011 from Barings, where he was Head of Charities for nine years. He focused upon absolute return mandates and managed the Targeted Return Common Investment Fund, one of the fastest growing charity funds in recent years. James has written numerous articles on absolute return in the charity press and is a regular speaker at charity events and investment conferences.
View the factsheet and KIID
Date launched: 09 July 2012