Article last updated 22 July 2025.
We, Rathbones Asset Management Ltd, are writing to you in our capacity as Authorised Corporate Director (the “ACD”) of Rathbone High Quality Bond Fund and Rathbone Multi Asset Portfolio (the “Companies”) to inform you about changes to the following funds:
- Rathbone High Quality Bond Fund
- Rathbone Multi Asset Enhanced Growth Portfolio
- Rathbone Multi-Asset Dynamic Growth Portfolio
- Rathbone Multi Asset Strategic Growth Portfolio
- Rathbone Multi Asset Strategic Income Portfolio
- Rathbone Multi-Asset Defensive Growth Portfolio
- Rathbone Multi Asset Total Return Portfolio
together “the sub-funds”.
What is changing, and why?
The registrar functions of the Fund are currently delegated to SS&C Financial Services International Limited (the “Registrar”). This includes, for example, maintaining the register of shareholders. The Registrar charges a flat fee annually per shareholder, which we disclose in the prospectus of the Funds. Under our agreement with the Registrar, this fee increases annually in line with the Retail Price Index (RPI), effective annually from January 1st . RPI measures inflation by tracking the cost of a fixed basket of goods and services over time.
We are therefore amending the prospectus of the Funds to disclose that the fee has increased, in line with RPI, from £21.19 to £21.95 annually per shareholder (excluding VAT). We will also clarify that the Registrar fee will increase annually, in line with RPI.
Impacted share classes
Below is a list of impacted share classes:
| Share Class | ISIN |
|---|---|
| Rathbone High Quality Bond Fund I Inc | GB00BD5DN492 |
| Rathbone High Quality Bond Fund I Acc | GB00BD5DN500 |
| Rathbone High Quality Bond Fund S Inc | GB00BD5DLK12 |
| Rathbone High Quality Bond Fund S Acc | GB00BD5DLR80 |
| Rathbone Multi-Asset Dynamic Growth Portfolio S Inc | GB00BKKK6W34 |
| Rathbone Multi-Asset Dynamic Growth Portfolio S Acc | GB00BKKK6X41 |
| Rathbone Multi-Asset Defensive Growth Portfolio S Inc | GB00BKKK7X16 |
| Rathbone Multi-Asset Defensive Growth Portfolio S Acc | GB00BKKK7Y23 |
| Rathbone Multi-Asset Enhanced Growth Portfolio S Acc | GB00B7ZPKY25 |
| Rathbone Multi-Asset Strategic Growth Portfolio S Inc | GB00B86NX655 |
| Rathbone Multi-Asset Strategic Growth Portfolio S Acc | GB00B86QF242 |
| Rathbone Multi-Asset Strategic Income Portfolio S Inc | GB00BY9BSL83 |
| Rathbone Multi-Asset Strategic Income Portfolio S Acc | GB00BY9BT482 |
| Rathbone Multi-Asset Total Return Portfolio S Inc | GB00B86SVM24 |
| Rathbone Multi-Asset Total Return Portfolio S Acc | GB00B8JBXD38 |
Costs associated with making these changes
All legal and administration costs associated with making these changes will be borne by Rathbones Asset Management Ltd.
We will continue to monitor our fund expenses to ensure that they provide value for money and are set at appropriate levels for their respective strategies. Our annual Assessment of Value report, which details, among other factors how our Funds provide value for money, is available on our website.
For more information
You do not need to take any action in relation to these changes. Further information relating to the funds, including Key Investor Information Documents (“KIID”), factsheets and prospectuses are available on our website www.rathbonesam.com. If you have any questions or would like more information or clarification, please get in touch with our team at 020 7399 0399 (Monday to Friday, 9am to 5pm) or ram@rathbones.com. Please be aware that we are not in the position to give you investment advice. If you are uncertain as to how these changes may affect you, you should consult a financial adviser.
Yours faithfully,
Tom Carroll
For and on behalf of Rathbones Asset Management Limited
