Rathbones LED (L) Global Fixed Income Fund S GBP Income

The fund aims to achieve a positive total return (capital growth and/or income) over any rolling seven-year period by investing in assets classified as Liquidity assets as per the Rathbones Asset Management LED risk framework. There is no guarantee that this investment objective will be achieved over seven years, or any other time period. To meet the objective, the fund manager will invest globally in government and corporate bonds with no restriction on their credit quality, cash, collective investment schemes and structured products that meet our definition of liquidity assets. These assets should help to achieve the positive total return objective of the fund. While we invest in all assets as defined, we gravitate towards government bonds, particularly UK government bonds (gilts), This does not preclude the fund from investing in those bonds and assets outside of the UK or government bonds. The fund manager will only invest in the Liquidity classification of asset within this fund based on the LED Framework, along with some portfolio protection assets (e.g., foreign exchange rate swaptions). Up to 10% of the fund can be invested directly in contingent convertible bonds. Derivatives may be used by the fund for investment purposes, efficient portfolio management and hedging. The use of derivatives for investment purposes may increase the volatility of the fund's Net Asset Value and may increase its risk profile. The manager may use all investment powers as permitted by the prospectus, outside the ranges described above, to ensure the fund is managed in the best interest of investors in times of market irregularities or stress. The fund may invest at the fund manager's discretion in other transferable securities, money market instruments, warrants, cash and near cash and deposits and units in collective investment schemes. Use may be made of stock lending, borrowing, cash holdings, hedging and other investment techniques permitted by the FCA Rules. Our fund is designed for investors with a basic knowledge of multi-asset funds who seek growth. You should intend to invest for longer than five years, understand the risks of our fund and have the ability to bear a capital loss. For definitions please visit the glossary on our website. You can buy and sell units on each business day of the fund between 9am and 5pm Any income arising in relation to this unit class will be distributed to investors on a regular basis. We actively manage our fund, which means we can choose what we invest in as long as it's in line with the investment objective and policy. Because of this, our fund's performance can diverge significantly from its benchmarks over shorter periods of time and therefore isn't appropriate for investors who plan to withdraw their money within 7 years.