09 Mar 2026
RSMR fund ratings are more than just a badge of quality — they represent trust, due diligence, and a reputation built on rigorous research and expert analysis. Every month we study the universe of funds in the investment marketplace to assess whether they meet our exacting standards and should be given the RSMR seal of approval.
Here are the new rated funds from our February review:
The Neuberger Berman Commodities UCITs vehicle launched in February 2022, however the strategy launched in June 2010.
The philosophy of the fund is ‘scarcity at a reasonable risk’ with the fund aiming to emphasise exposure to scarce commodities, hedge against inflation, and participate in global economic growth. The fund is actively managed and is run within a risk budget that delivers a lower volatility profile compared to peers.
The benchmark of the fund is the Bloomberg Commodity Total Return index, although the fund is benchmark agnostic with a number of non-benchmark commodities within the investable universe.
Total return swaps on indices are used within the fund to provide the desired exposure to underlying commodities.
This is a very interesting proposition with a process that has been well considered to provide the desired underlying commodity exposure, whilst managing the overall risk characteristics of the fund. The team are experienced and highly knowledgeable on the asset class, as well as transparent, providing in depth quarterly comments as well as white papers.
Click here to read the factsheet for the Neuberger Berman Commodities (Offshore) Fund
The JPM UK Smaller Companies Fund rating relates to its disciplined and consistently applied investment philosophy, the strength and depth of its team, and its long‑term record of delivering a robust, repeatable process. The fund applies JPMorgan’s well‑established Value, Quality, Momentum (VQM) framework, refined over more than 25 years, ensuring decisions are grounded in objective financial evidence rather than narrative or style drift. This framework emphasises high quality companies with strong cash generation, disciplined management, and improving fundamentals, characteristics that have historically supported resilience across multiple market cycles.
The fund benefits from a highly experienced and well‑resourced investment team within JPMorgan’s International Equity Group, supported by the firm’s Spectrum research and analytics platform, which enhances idea generation, risk monitoring and portfolio construction. The strategy exploits the structural inefficiencies of the UK small‑cap market, where limited research coverage leads to persistent mispricing, providing fertile ground for bottom‑up stock selection.
RSMR views the fund as a disciplined, evidence‑based approach with a clearly defined philosophy, strong analytical infrastructure and a long‑standing track record of consistent application. This combination provides a compelling, high‑quality route to UK smaller‑company exposure and fully supports its inclusion on the RSMR Rated list.
Click here to read the factsheet for the JPM UK Smaller Companies Fund
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The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.