Rathbones Asset Management Head of Fixed Income Bryn Jones and Fund Manager Stuart Chilvers explain how higher bond yields are creating a more attractive opportunity set and why making the most of it demands sharper choices.
Summary
The Rathbone Strategic Bond Fund takes a risk conscious approach to fixed income, investing across multiple fixed income asset classes with the aim of generating returns whilst managing volatility.
Why invest in the Rathbone Strategic Bond Fund
Explicit focus on risk
The fund has an explicit target to deliver volatility lower than the average of the IA Sterling Strategic Bond sector over a 5-year period.
Asset allocation boundaries
Explicit lower and upper limits on allocations to various fixed income asset classes ensure the fund remains truly strategic, rather than concentrated in one area.
Tried and tested investment process
Our disciplined approach assesses every bond against our ‘Four Cs’ Plus framework (Character, Capacity, Collateral and Covenants).
Depth of experience
Our team brings together investment and credit research expertise, combining different perspectives to assess opportunities across fixed income markets.
Low correlation
The fund manager aims to deliver returns that have limited correlation with equity and bond markets, allowing the fund to offer diversifying characteristics.
While bonds can help reduce the overall risk of a portfolio, they are not risk free. Changes in interest rates, inflation and market conditions can affect the value of investments and the income they generate. Investors may get back less than they originally invested.
Meet the Fund Managers
Bryn Jones
Fund Manager
Stuart Chilvers
Fund Manager
Christie Goncalves
Assistant Fund Manager
Ratings and awards
Literature Library
Filters
Latest fixed income insights
1 min
25 September 2026
Fixed Income Masterclass | High Yields, Active Selection, and AI’s Impact
Watch Christie Goncalves, Fixed Income Assistant Fund Manager, and co-panellists discuss rising rates, expanding deficits, and volatile credit dynamics are reshaping the fixed income landscape, demanding a sharp, highly disciplined strategy.
7 mins
9 September 2026
When the lines blur: private credit in a public world
The distinctions between banks, insurers, asset managers and public and private markets are becoming increasingly blurred. Rathbones Fixed Income Assistant Fund Manager Christie Goncalves explores this convergence and what it means for credit investors seeking to identify risk before markets do.
1 min
19 November 2025
Sustainable Fixed Income Masterclass | November 2025
Sustainable fixed income is leaping ahead. Watch Bryn Jones and co panellists discuss the shift from risk-screened ESG bonds to dual-materiality strategies. Learn what drives allocator appetite, reshapes fund labelling, and makes active management central to sustainable portfolios.