Rathbone Enhanced Growth Portfolio

Transcription

1 S-Class Shares Monthly factsheet 31 December 2017 Rathbone Unit Trust Management Contact us Rathbone Enhanced Growth Portfolio Investment objective The fund seeks to achieve a long term total return in excess of the Consumer Price Index (CPI) +5% over a minimum five to ten year period, and a risk budget of 100% of the volatility of global equities as measured by the MSCI World Equity index. The income yield will at best be minimal. Management Fund facts Authorised Corporate Director (Manager) Depositary National Westminster Bank Plc Product Type Single-priced, Open-Ended Investment Company (OEIC), umbrella fund Date launched/launch Price 01 August 2011/100p (fund) 01 October 2012 (share class) Size of fund Mid-market: 53.07m Share price Acc: p Historical distribution yield 0.93% Total no. of holdings 92 Initial charge 0% Ongoing Charges Figure (OCF) as at ^ 0.84% Estimated OCF as at ^^^ 0.79% Broker commission^^ Execution: %/Research: % Minimum initial investment 1,000 Minimum additional investments 500 Fund codes Sedol (Acc): B7ZPKY2 ISIN (Acc): GB00B7ZPKY25 Dealing/valuation Forward daily: 9.00am 5.00pm Valuation point: midday Dealing/valuation: Information line: Fund performance Percentage (indexed) Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec Rathbone Enhanced Growth Portfolio UK Consumer Price Index +5% 31 December 12 to 31 December 17, bid-bid, UK basic rate in UK Sterling, percentage change. Fund Manager, Head of Multi-Asset Investments David joined Rathbones in April He is lead manager of the Rathbone Multi-Asset Portfolios. He has over 30 years of investment industry experience, much of it managing multi-asset portfolios. David is an Associate of the Chartered Institute of Financial Services. Will McIntosh-Whyte Assistant Fund Manager Will supports David in managing the Rathbone Multi-Asset Portfolios. Will is a CFA charterholder and is Chair of the Rathbones Fixed Income Funds Committee. He has been with the business since April 2007, having graduated from the University of Manchester Institute of Science and Technology (UMIST). Fund ratings S-Class fund performance and volatility* Data as at year 3 years 5 years Since Launch Rathbone Enhanced Growth Portfolio 15.15% 38.07% 69.09% 71.74% UK Consumer Price Index +5% 7.35% 20.48% 36.25% 52.73% Volatility as % of MSCI World Equity Index** 64.72% 97.02% 96.79% % Discrete annual performance, quarter ending 31 December Rathbone Enhanced Growth Portfolio 12.13% 9.23% 3.31% 16.06% 15.15% UK Consumer Price Index +5% 7.14% 5.56% 5.21% 6.68% 7.35% 8 DEFAQTO RISK MAPPING HIGH RISK Powered by Defaqto Engage SYNAPTI C RISK RATING 5 Risk analysis - 3 years rolling Max drawdown*** Sharpe ratio*** Volatility*** Rathbone Enhanced Growth Portfolio % MSCI World Equity Index % Past performance should not be seen as an indication of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. Manager ratings Adventurous DAVID COOMBS 7

2 Asset class split Data as at Liquidity Currently 10.06% of total fund (range 0% 10%) Equity risk l Equities: 74.28% 10.06% l Alternative investment strategies: 7.24% l Private equity: 2.95% 2.66% l Corporate bonds: 1.67% l Commodities: 1.14% 10.06% Currently 81.56% of total fund (range 70% 100%) l Equities (Overseas developed): 45.96% l Equities (UK): 16.13% l Equities (Asia/emerging markets): 12.19% l Private equity: 2.95% 2.66% l Corporate bonds (high yield): 1.67% Distributions per share Latest Ex div Payment distributions Final 01 Oct Nov p Interim 01 Apr May p Year end 30 September Cash Top direct holdings % Roche 1.17 Legal & General 1.09 Micro Focus 1.09 Unilever 1.06 Ferguson 1.03 Rio Tinto 1.01 Amazon 0.99 First Republic Bank 0.98 Alphabet 0.97 Discover Financial Services 0.97 You should know Important information Copies of the Prospectus, the Key Investor Information Document (KIID), the Supplementary Information Document (SID), and application forms may be obtained, free of charge, from Rathbone Unit Trust Management Limited. The use of derivatives for investment purposes may increase the volatility of a sub-fund s net asset value and may increase its risk profile. Emerging markets are volatile and may suffer from liquidity problems. Changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Details of tax levels and reliefs may change in the future. The value of any tax relief depends on individual circumstances. If you have doubts about your tax position, or the suitability of this investment, you should seek professional advice. The Manager s annual fee is deducted from fund s income. Information notes ^The OCF includes the charges for the underlying funds held in the product. ^^An average of the preceding six month s execution / research charges incurred by the fund shown as a percentage of the average fund Net Asset Value for that period, separate from the Ongoing Charges Figure. ^^^The estimated OCF is based on the current Net Asset Value (NAV). **(Targeting <100%). Source performance data Financial Express, mid to mid, net income re-invested. This is net of expenses and tax. Data using prices as at S-Class shares were launched on 01 October *Performance is a combination of S-Class units and R-Class units (where S-Class was unavailable). The volatility as a percentage of the MSCI World Index figures are calculated using monthly data. ***Volatility, Sharpe Ratio and Maximum Drawdown given on a 3 year rolling basis. Sharpe Ratio calculated using Risk Free Rate of 0.48 (based on 3 month LIBOR). Rathbone Unit Trust Management has achieved a Bronze Rating in the Equity Global Equities sector by Citywire for their rolling risk-adjusted performance, across all management teams in the sector, over the period The Scopic Multi-Manager Portfolio Rating shown was awarded following extensive due diligence and face to face manager questioning. It was arrived at by combining the ratings awarded for the individual research topics (summarised in the report, available at rutm.com) and weighting them according to a formula. All ratings are qualitative based. Dynamic Planner is a registered trademark of Distribution Technology. Diversifiers Currently 8.38% of total fund (range 0% 20%) l Actively managed strategies: 7.18% l Commodities: 1.14% l Portfolio protection: 0.06% Aspect Diversified Trends Fund 2.87 M&G Global Macro Bond Fund 2.82 CATCo Reinsurance Opportunities Fund 1.49 Source Bloomberg Commodity UCITS 0.58 Source LGIM Commodity Composite UCITS 0.56 UBS Euro Style Put S&P Finsbury Circus, London EC2M 7AZ Tel Fax Information line rutm@rathbones.com rutm.com Authorised and regulated by the Financial Conduct Authority A member of the Investment Association (IA) A member of the Rathbone Group. Registered No /01/18 v1

3 S-Class Shares Monthly factsheet 31 December 2017 Rathbone Unit Trust Management Contact us Rathbone Strategic Growth Portfolio Investment objective The fund seeks to achieve a long term total return of between 3% and 5% above the Consumer Price Index (CPI) over a minimum five year period, and a targeted risk budget of two thirds of the volatility of global equities as measured by the MSCI World Equity index. Management Fund facts Authorised Corporate Director (Manager) Depositary National Westminster Bank Plc Product Type Single-priced, Open-Ended Investment Company (OEIC), umbrella fund Date launched/launch Price 10 June 2009/100p (fund) 01 October 2012 (share class) Size of fund Mid-market: m Share price Inc: p Acc: p Historical distribution yield Inc: 1.36% /Acc: 1.34% Total no. of holdings 114 Initial charge 0% Ongoing Charges Figure (OCF) as at ^ Inc: 0.77%/Acc: 0.77% Estimated OCF as at ^^^ 0.77% Broker commission^^ Execution: %/Research: % Minimum initial investment 1,000 Minimum additional investments 500 Fund codes Sedol (Inc): B86NX65 Sedol (Acc): B86QF24 ISIN (Inc): GB00B86NX655 ISIN (Acc): GB00B86QF242 Dealing/valuation Forward daily: 9.00am 5.00pm Valuation point: midday Dealing/valuation: Information line: Fund performance over 5 years Percentage (indexed) Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec Rathbone Strategic Growth Portfolio UK Consumer Price Index +3% UK Consumer Price Index +5% 31 December 12 to 31 December 17, mid-mid, UK basic rate in UK Sterling, percentage change. Fund Manager, Head of Multi-Asset Investments David joined Rathbones in April He is lead manager of the Rathbone Multi-Asset Portfolios. He has over 30 years of investment industry experience, much of it managing multi-asset portfolios. David is an Associate of the Chartered Institute of Financial Services. Will McIntosh-Whyte Assistant Fund Manager Will supports David in managing the Rathbone Multi-Asset Portfolios. Will is a CFA charterholder and is Chair of the Rathbones Fixed Income Funds Committee. He has been with the business since April 2007, having graduated from the University of Manchester Institute of Science and Technology (UMIST). Fund ratings S-Class fund performance and volatility* Data as at year 3 years 5 years Since Launch Rathbone Strategic Growth Portfolio 9.32% 27.49% 52.07% % UK Consumer Price Index +3% 5.47% 13.91% 23.95% 55.66% UK Consumer Price Index +5% 7.35% 20.48% 36.25% 83.32% Volatility as % of MSCI World Equity Index** 55.16% 57.69% 57.34% 61.44% SYNAPTIC RISK RATING 3 Balanced Discrete annual performance, quarter ending 31 December Rathbone Strategic Growth Portfolio 12.02% 6.48% 4.07% 12.06% 9.32% UK Consumer Price Index +3% 5.10% 3.53% 3.21% 4.64% 5.47% UK Consumer Price Index +5% 7.14% 5.56% 5.21% 6.68% 7.35% Risk analysis - 3 years rolling Max drawdown*** Sharpe ratio*** Volatility*** Rathbone Strategic Growth Portfolio % MSCI World Equity Index % Manager ratings Past performance should not be seen as an indication of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. DAVID COOMBS 7

4 Asset class split Data as at Liquidity Currently 20.57% of total fund (range 0% 20%) Equity risk 15.47% (Overseas conventional): 2.90% (Overseas index-linked): 2.20% Currently 65.40% of total fund (range 40% 80%) Diversifiers l Equities: 57.46% 15.47% l Alternative investment strategies: 11.32% l Corporate bonds: 5.99% l Conventional government bonds: 2.90% l Commodities: 2.71% l Index-linked bonds: 2.20% l Private equity: 0.98% 0.97% l Equities (Overseas developed): 36.16% l Equities (UK): 14.29% l Equities (Asia/emerging markets): 6.25% l Corporate bonds (high yield): 3.27% l Corporate bonds: 2.72% l Private equity: 0.98% 0.97% l Property: 0.76% Currently 14.03% of total fund (range 10% 50%) l Actively managed strategies: 11.26% l Commodities: 2.71% l Portfolio protection: 0.06% 8 Finsbury Circus, London EC2M 7AZ Tel Fax Distributions per share Latest Ex div Payment distributions Interim 01 Jan Feb p (est) Final 01 Oct Nov p Interim 01 Jul Aug p Interim 01 Apr May p Year end 30 September Cash US Treasury 0.125% 15/04/ Australia Treasury 4.75% 21/04/ Australia Treasury 5.5% 21/04/ US Treasury 2.25% Notes 15/02/ US Treasury 0.25% TIPS 15/01/ Top direct holdings % Roche 0.94 Sampo 0.84 RELX 0.83 Rentokil 0.83 Smith & Nephew 0.81 Danske Bank 0.81 Carnival 0.78 Assa Abloy 0.78 Discover Financial Services 0.77 Micro Focus 0.77 M&G Global Macro Bond Fund 2.85 Henderson UK Absolute Return Fund 2.80 Aspect Diversified Trends Fund 2.38 Schroder GAIA BlueTrend Fund 1.78 ETFS GBP Daily Hedged Physical Gold 1.74 CATCo Reinsurance Opportunities Fund 0.99 Source Bloomberg Commodity UCITS 0.55 DW Catalyst Fund 0.46 Source LGIM Commodity Composite UCITS 0.42 UBS Euro Style Put S&P Information line rutm@rathbones.com rutm.com You should know Important information Copies of the Prospectus, the Key Investor Information Document (KIID), the Supplementary Information Document (SID), and application forms may be obtained, free of charge, from Rathbone Unit Trust Management Limited. The use of derivatives for investment purposes may increase the volatility of a sub-fund s net asset value and may increase its risk profile. Emerging markets are volatile and may suffer from liquidity problems. Changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Details of tax levels and reliefs may change in the future. The value of any tax relief depends on individual circumstances. If you have doubts about your tax position, or the suitability of this investment, you should seek professional advice. As the Manager s annual fee is taken from capital, that capital may be eroded or growth restricted to the extent of the charge and that, while there may as a result be a reduction in liability for Capital Gains Tax, there will be some increase in Income Tax liability for tax paying shareholders. Information notes ^The OCF includes the charges for the underlying funds held in the product. Dynamic Planner is a registered trademark of Distribution Technology. ^^An average of the preceding six month s execution / research charges incurred by the fund shown as a percentage of the average fund Net Asset Value for that period, separate from the Ongoing Charges Figure. ^^^The estimated OCF is based on the current Net Asset Value (NAV). **(Targeting <66%). Source performance data Financial Express, mid to mid, net income re-invested. This is net of expenses and tax. Data using prices as at CPI index data as at , reported on S-Class shares were launched on 01 October 12. *Performance is a combination of S-Class units and R-Class units (where S-Class was unavailable). The volatility as a percentage of the MSCI World Index figures are calculated using monthly data. ***Volatility, Sharpe Ratio and Maximum Drawdown given on a 3 year rolling basis. Sharpe Ratio calculated using Risk Free Rate of 0.48 (based on 3 month LIBOR). Rathbone Multi-Asset Strategic Growth Portfolio Benchmark: Our benchmarks are calculated on the rate of change of the CPI index, over different time periods (e.g. if we were calculating year to date figures in January 2013, we would look at the percentage change from December 2012 to the end of January 2013). So we take CPI to the current value, and add on the 5% prorated over a year (roughly 0.42% per month). If the CPI Index benchmark were to fall, more than the amount pro-rata, the benchmark year-to-date will be negative, even though inflation as reported by the media (calculated specifically as a 12M rate of change), remains positive. Source and Copyright Citywire: is AAA rated by Citywire for his three year risk adjusted performance for the period Rathbone Unit Trust Management has achieved a Gold Rating in the Mixed Asset Absolute Return sector by Citywire for their rolling risk-adjusted performance, across all management teams in the sector, over the period The Scopic Multi-Manager Portfolio Rating shown was awarded following extensive due diligence and face to face manager questioning. It was arrived at by combining the ratings awarded for the individual research topics (summarised in the report, available at rutm.com) and weighting them according to a formula. All ratings are qualitative based. Authorised and regulated by the Financial Conduct Authority A member of the Investment Association (IA) A member of the Rathbone Group. Registered No /01/18 v1

5 S-Class Shares Monthly factsheet 31 December 2017 Rathbone Unit Trust Management Contact us Rathbone Strategic Income Portfolio Investment objective The fund seeks to achieve a long term total return of between 3% and 5% above the Consumer Price Index (CPI) over a minimum five year period subject to a targeted annual minimum yield of 3%. The fund has a targeted risk budget of two thirds of the volatility of global equities as measured by the MSCI World Equity index over a rolling three year period. Management Fund facts Authorised Corporate Director (Manager) Depositary National Westminster Bank Plc Product Type Single-priced, Open-Ended Investment Company (OEIC), umbrella fund Date launched/launch price 01 October 2015/100p Size of fund Mid-market: 34.24m Share price Inc: p Acc: p Historical distribution yield Inc: 3.64% /Acc: 3.55% Total no. of holdings 97 Initial charge 0% Ongoing Charges Figure (OCF) as at ^ Inc: 0.91%/Acc: 0.91% Estimated OCF as at ^^^ 0.79% Broker commission^^ Execution: %/Research: % Minimum initial investment 1,000 Minimum additional investments 500 Fund codes Sedol (Inc): BY9BSL8 Sedol (Acc): BY9BT48 ISIN (Inc): GB00BY9BSL83 ISIN (Acc): GB00BY9BT482 Dealing/valuation Forward daily: 9.00am 5.00pm Valuation point: midday Dealing/valuation: Information line: Fund performance Percentage (indexed) Dec 2015 Jun 2016 Dec 2016 Jun 2017 Dec Rathbone Strategic Income Portfolio UK Consumer Price Index +3% UK Consumer Price Index +5% 01 October 15 to 31 December 17, bid-bid, UK basic rate in UK Sterling, percentage change. Fund Manager, Head of Multi-Asset Investments David joined Rathbones in April He is lead manager of the Rathbone Multi-Asset Portfolios. He has over 30 years of investment industry experience, much of it managing multi-asset portfolios. David is an Associate of the Chartered Institute of Financial Services. Will McIntosh-Whyte Assistant Fund Manager Will supports David in managing the Rathbone Multi-Asset Portfolios. Will is a CFA charterholder and is Chair of the Rathbones Fixed Income Funds Committee. He has been with the business since April 2007, having graduated from the University of Manchester Institute of Science and Technology (UMIST). Fund ratings S-Class fund performance Data as at year Since launch Rathbone Strategic Income Portfolio 7.27% 23.53% UK Consumer Price Index +3% 5.47% 11.30% UK Consumer Price Index +5% 7.35% 16.03% Discrete annual performance, quarter ending 31 December Rathbone Strategic Income Portfolio % 7.27% UK Consumer Price Index +3% % 5.47% UK Consumer Price Index +5% % 7.35% Past performance should not be seen as an indication of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. DEFAQTO RISK MAPPING 5 LOW TO MEDIUM RISK Balanced Powered by Defaqto Engage Manager ratings DAVID COOMBS 7 SYNAPTIC RISK RATING 3

6 Asset class split Data as at Liquidity Currently 17.86% of total fund (range 10% 40%) Equity risk l Equities: 55.13% l Corporate bonds: 19.50% l Conventional government bonds: 11.84% l Alternative investment strategies: 6.00% 2.87% 2.31% l Commodities: 1.40% l Private equity: 0.95% (UK conventional): 8.50% (Overseas conventional): 3.34% l High quality credit (UK): 3.15% 2.87% Currently 74.74% of total fund (range 40% 85%) l Equities (Overseas developed): 28.48% l Equities (UK): 17.83% l Corporate bonds: 10.23% l Equities (Asia/emerging markets): 6.94% l Corporate bonds (high yield): 6.12% 2.31% l Property: 1.88% l Private equity: 0.95% Income distribution dates Ex div Payment Latest distributions Interim 01 Feb Mar p Interim 01 Mar Apr p Interim 01 Apr May p Interim 01 May Jun p Interim 01 Jun Jul p Interim 01 Jul Aug p Interim 01 Aug Sep p Interim 01 Sep Oct p Final 01 Oct Nov p Interim 01 Nov Dec p Interim 01 Dec Jan p (est) Interim 01 Jan Feb p (est) Year end 30 September UK Treasury 8% Cash 2.87 European Investment Bank 6% US Treasury 5.25% Bonds 15/11/ Australia Treasury 4.75% 21/04/ Australia Treasury 5.5% 21/04/ SSE 8.375% 20/11/ Top direct holdings % Roche 1.15 Danske Bank 1.13 Legal & General 1.11 Discover Financial Services 1.09 GlaxoSmithKline 1.07 Royal Dutch Shell 1.05 Colgate-Palmolive 1.04 Diageo 1.03 Micro Focus 1.03 Vodafone 1.02 You should know Important information Copies of the Prospectus, the Key Investor Information Document (KIID), the Supplementary Information Document (SID), and application forms may be obtained, free of charge, from Rathbone Unit Trust Management Limited. The use of derivatives for investment purposes may increase the volatility of a sub-fund s net asset value and may increase its risk profile. Emerging markets are volatile and may suffer from liquidity problems. Changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Details of tax levels and reliefs may change in the future. The value of any tax relief depends on individual circumstances. If you have doubts about your tax position, or the suitability of this investment, you should seek professional advice. As the Manager s annual fee is taken from capital, that capital may be eroded or growth restricted to the extent of the charge and that, while there may as a result be a reduction in liability for Capital Gains Tax, there will be some increase in Income Tax liability for tax paying shareholders. Information notes ^The OCF includes the charges for the underlying funds held in the product. ^^An average of the preceding six month s execution / research charges incurred by the fund shown as a percentage of the average fund Net Asset Value for that period, separate from the Ongoing Charges Figure. ^^^The estimated OCF is based on the current Net Asset Value (NAV). Source and Copyright Citywire: is AAA rated by Citywire for his three year risk adjusted performance for the period Rathbone Unit Trust Management has achieved a Gold Rating in the Mixed Asset Absolute Return sector by Citywire for their rolling risk-adjusted performance, across all management teams in the sector, over the period Rathbone Multi-Asset Strategic Income Portfolio Benchmark: Our benchmarks are calculated on the rate of change of the CPI index, over different time periods (e.g. if we were calculating year to date figures in January 2013, we would look at the percentage change from December 2012 to the end of January 2013). So we take CPI to the current value, and add on the 5% prorated over a year (roughly 0.42% per month). If the CPI Index benchmark were to fall, more than the amount pro-rata, the benchmark year-to-date will be negative, even though inflation as reported by the media (calculated specifically as a 12M rate of change), remains positive. Diversifiers Currently 7.40% of total fund (range 5% 20%) l Actively managed strategies: 5.95% l Commodities: 1.40% l Portfolio protection: 0.05% M&G Global Macro Bond Fund 4.81 ETFS GBP Daily Hedged Physical Gold 1.40 CATCo Reinsurance Opportunities Fund 1.14 UBS Euro Style Put S&P Finsbury Circus, London EC2M 7AZ Tel Fax Information line rutm@rathbones.com rutm.com Authorised and regulated by the Financial Conduct Authority A member of the Investment Association (IA) A member of the Rathbone Group. Registered No /01/18 v1

7 S-Class Shares Monthly factsheet 31 December 2017 Rathbone Unit Trust Management Contact us Rathbone Total Return Portfolio Investment objective The fund seeks to achieve a total return in excess of 2% above sterling six month LIBOR over a minimum three year period, and a targeted risk budget of one third of the volatility of global equities as measured by the MSCI World Equity index. Management Fund facts Authorised Corporate Director (Manager) Depositary National Westminster Bank Plc Product Type Single-priced, Open-Ended Investment Company (OEIC), umbrella fund Date launched/launch Price 10 June 2009/100p (fund) 01 October 2012 (share class) Size of fund Mid-market: m Share price Inc: p Acc: p Historical distribution yield Inc: 1.40% /Acc: 1.38% Total no. of holdings 118 Initial charge 0% Ongoing Charges Figure (OCF) as at ^ Inc: 0.73%/Acc: 0.73% Estimated OCF as at ^^^ 0.73% Broker commission^^ Execution: %/Research: % Minimum initial investment 1,000 Minimum additional investments 500 Fund codes Sedol (Inc): B86SVM2 Sedol (Acc): B8JBXD3 ISIN (Inc): GB00B86SVM24 ISIN (Acc): GB00B8JBXD38 Dealing/valuation Forward daily: 9.00am 5.00pm Valuation point: midday Dealing/valuation: Information line: Fund performance over 5 years* Percentage (indexed) Rathbone Total Return Portfolio LIBOR GBP 6 month +2% Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec December 12 to 31 December 17, mid-mid, UK basic rate in UK Sterling, percentage change. Fund Manager, Head of Multi-Asset Investments David joined Rathbones in April He is lead manager of the Rathbone Multi-Asset Portfolios. He has over 30 years of investment industry experience, much of it managing multi-asset portfolios. David is an Associate of the Chartered Institute of Financial Services. Will McIntosh-Whyte Assistant Fund Manager Will supports David in managing the Rathbone Multi-Asset Portfolios. Will is a CFA charterholder and is Chair of the Rathbones Fixed Income Funds Committee. He has been with the business since April 2007, having graduated from the University of Manchester Institute of Science and Technology (UMIST). Fund ratings S-Class fund performance and volatility* Data as at year 3 years 5 years Since Launch Rathbone Total Return Portfolio 3.32% 13.40% 27.58% 64.77% LIBOR GBP 6 month +2% 2.49% 8.09% 13.88% 26.86% Volatility as % of MSCI World Equity Index** 34.47% 29.60% 37.91% 37.78% Discrete annual performance, quarter ending 31 December Rathbone Total Return Portfolio 6.14% 6.00% 3.42% 6.13% 3.32% LIBOR GBP 6 month +2% 2.62% 2.68% 2.73% 2.65% 2.49% Risk analysis - 3 years rolling Max drawdown*** Sharpe ratio*** Volatility*** Rathbone Total Return Portfolio % MSCI World Equity Index % Past performance should not be seen as an indication of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. Manager ratings DAVID COOMBS 7 SYNAPTIC RISK RATING 2 Moderately Cautious

8 Asset class split Data as at Liquidity Currently 42.74% of total fund (range 10% 50%) Equity risk 28.86% (Overseas conventional): 3.96% (UK conventional): 3.76% (UK index-linked): 3.07% (Overseas index-linked): 1.98% l High quality credit (UK): 1.11% Currently 37.10% of total fund (range 20% 60%) Diversifiers 28.86% l Equities: 27.00% l Alternative investment strategies: 16.82% l Corporate bonds: 10.94% l Conventional government bonds: 7.72% l Index-linked bonds: 5.05% l Commodities: 3.34% l Private equity: 0.27% l Equities (Overseas developed): 17.53% l Equities (UK): 8.06% l Corporate bonds: 7.27% l Corporate bonds (high yield): 2.56% l Property: 0.84% l Equities (Asia/emerging markets): 0.57% l Private equity: 0.27% Currently 20.16% of total fund (range 10% 60%) l Actively managed strategies: 14.73% l Commodities: 3.34% l Active managed fixed income: 2.06% l Portfolio protection: 0.03% 8 Finsbury Circus, London EC2M 7AZ Tel Fax Distributions per share Latest Ex div Payment distributions Interim 01 Jan Feb p (est) Final 01 Oct Nov p Interim 01 Jul Aug p Interim 01 Apr May p Year end 30 September Cash 7.66 Treasury 0% T-Bill 19/03/ Treasury 1.25% Gilt 22/07/ Treasury 0% T-Bill 12/02/ Treasury 0% T-Bill 15/01/ Treasury 0% T-Bill 22/01/ Treasury 0% T-Bill 5/03/ Treasury 0.125% I/L Stock 22/03/ Treasury 0% T-Bill 8/01/ Australia Treasury 4.75% 21/04/ Top direct holdings % Roche 0.61 Discover Financial Services 0.58 Legal & General 0.56 Colgate-Palmolive 0.56 RELX 0.54 Vodafone 0.51 Ferguson 0.50 Unilever 0.50 Total SA 0.50 Micro Focus 0.50 Henderson UK Absolute Return Fund 3.86 M&G Global Macro Bond Fund 3.79 Aspect Diversified Trends Fund 3.08 BlackRock Fixed Income Global Opportunities Fund 2.06 Schroder GAIA BlueTrend Fund 2.05 ETFS GBP Daily Hedged Physical Gold 1.91 BH Macro Fund 1.29 Source LGIM Commodity Composite UCITS 0.77 Source Bloomberg Commodity UCITS 0.66 DW Catalyst Fund 0.38 Information line rutm@rathbones.com rutm.com You should know Important information Copies of the Prospectus, the Key Investor Information Document (KIID), the Supplementary Information Document (SID), and application forms may be obtained, free of charge, from Rathbone Unit Trust Management Limited. The use of derivatives for investment purposes may increase the volatility of a sub-fund s net asset value and may increase its risk profile. Emerging markets are volatile and may suffer from liquidity problems. Changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Details of tax levels and reliefs may change in the future. The value of any tax relief depends on individual circumstances. If you have doubts about your tax position, or the suitability of this investment, you should seek professional advice. As the Manager s annual fee is taken from capital, that capital may be eroded or growth restricted to the extent of the charge and that, while there may as a result be a reduction in liability for Capital Gains Tax, there will be some increase in Income Tax liability for tax paying shareholders. Information notes ^The OCF includes the charges for the underlying funds held in the product. ^^An average of the preceding six month s execution / research charges incurred by the fund shown as a percentage of the average fund Net Asset Value for that period, separate from the Ongoing Charges Figure. ^^^The estimated OCF is based on the current Net Asset Value (NAV). **(Targeting <33%). Source performance data Financial Express, mid to mid, net income re-invested. This is net of expenses and tax. Data using prices as at S-Class shares were launched on 01 October 12. *Performance is a combination of S-Class units and R-Class units (where S-Class was unavailable). The volatility as a percentage of the MSCI World Index figures are calculated using monthly data. ***Volatility, Sharpe Ratio and Maximum Drawdown given on a 3 year rolling basis. Sharpe Ratio calculated using Risk Free Rate of 0.48 (based on 3 month LIBOR). Source and Copyright Citywire: is AAA rated by Citywire for his three year risk adjusted performance for the period Rathbone Unit Trust Management has achieved a Gold Rating in the Mixed Asset Absolute Return sector by Citywire for their rolling risk-adjusted performance, across all management teams in the sector, over the period The Scopic Multi-Manager Portfolio Rating shown was awarded following extensive due diligence and face to face manager questioning. It was arrived at by combining the ratings awarded for the individual research topics (summarised in the report, available at rutm.com) and weighting them according to a formula. All ratings are qualitative based. Dynamic Planner is a registered trademark of Distribution Technology. Authorised and regulated by the Financial Conduct Authority A member of the Investment Association (IA) A member of the Rathbone Group. Registered No /01/18 v1