Consumer Price Index (CPI) :50 MSCI WMA Income TR/Base Rate

Transcription

1 Low Risk Portfolio Defensive Income Objective The primary objective of this portfolio is to produce a higher level of income than the Bank of England base rate over the longer term by investing in a range of relatively defensive diversified UK and international investments. Equity exposure is likely to range between 0-30% and is likely to be limited to shares in companies paying higher than average dividends. Performance (%) Low Risk (Defensive Income) Consumer Price Index (CPI) :50 MSCI WMA Income TR/Base Rate Key facts Inception date* September 2009 No. of holdings (incl. cash) 22 Minimum investment 20,000 Identifiers FE/Citi code MFFH Overall portfolio yield 2.76% Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) 0.75% + VAT maximum VAT on AMC 0.15% Underlying funds OCF 0.5 Total Ongoing Charge 1.40% Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at month performance to 28 February (%) Low Risk (Defensive Income) :50 MSCI WMA Income TR/Base Rate UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y Since inception* Low Risk (Defensive Income) :50 MSCI WMA Income TR/Base Rate UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

2 Low Risk Portfolio Defensive Income Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, Overall sector breakdown UK Fixed Interest 23.67% International Fixed Interest 21.62% UK Equities 11.41% North American Equities International & Thematic Equities 4.02% 10.99% Hedge Funds & Alternatives 12.99% For more details regarding this portfolio please contact your professional adviser. Portfolio holdings Fund % PIMCO Sel UK Income Bond Fund 7.91 Royal London Short Duration Gilts Fund 7.84 Royal London Sterling Credit Fund 7.92 Artemis Strategic Bond Fund 2.99 JPM Unconstrained Bond Fund 4.92 Jupiter Dynamic Bond 4.98 MI TwentyFour AM Dynamic Bond Fund 3.97 Vanguard US Government Bond Index Fund 4.76 JOHCM UK Equity Income Fund 3.11 Liontrust Special Situations Fund 3.07 Royal London UK Equity Income Fund 2.11 Vanguard FTSE UK All Share Index UT 3.12 Fidelity Index US Fund 4.02 Guinness Global Equity Income 3.92 Lazard Global Listed Infras Eq Fd 3.05 Newton Global Income Fund 4.02 Investec Diversified Income Fund 4.96 Legg Mason WA Macro Opportunities Bd Fd 4.09 Neuberger Berman Uncorrelated Strats Fd 3.94 AHFM Defined Returns 3.08 IFSL Brooks Macdonald Defensive Cptl Fd 2.98 Cash ( ) 9.25 This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 3. Structured Return Cash 6.06% 9.25% Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19

3 Low-to-Medium Risk Portfolio Income Objective The primary objective of this portfolio is to produce a higher level of income than inflation. The portfolio gives limited exposure to capital markets through a diversified range of UK and international investments. Equity exposure is likely to range between 30-55% with limited exposure to international investments. Key facts Inception date* April 2008 No. of holdings (incl. cash) 22 Minimum investment 20,000 Identifiers FE/Citi code MFFJ Overall portfolio yield 2.91% Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) 0.75% + VAT maximum VAT on AMC 0.15% Underlying funds OCF 0.53 Total Ongoing Charge 1.43% Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website. Performance (%) Low-to-Medium Risk (Income) Consumer Price Index (CPI) MSCI WMA Income TR Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at month performance to 28 February (%) Low-to-Medium Risk (Income) MSCI WMA Income TR UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y Since inception* Low-to-Medium Risk (Income) MSCI WMA Income TR UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

4 Low-to-Medium Risk Portfolio Income For more details regarding this portfolio please contact your professional adviser. Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, Overall sector breakdown UK Fixed Interest 15.91% International Fixed Interest 11.90% UK Equities 17.15% North American Equities European Equities Japan/Far East/Emerging International & Thematic Equities 7.05% 2.03% 3.97% 14.07% Hedge Funds & Alternatives 12.96% Portfolio holdings Fund % PIMCO Sel UK Income Bond Fund 5.97 Royal London Short Duration Gilts Fund 4.96 Royal London Sterling Credit Fund 4.98 Hermes Multi Strategy Credit Fund 4.01 Jupiter Dynamic Bond 4.00 Vanguard US Government Bond Index Fund 3.89 JOHCM UK Equity Income Fund 4.02 Man GLG UK Income Fund 4.05 Royal London UK Equity Income Fund 5.06 Vanguard FTSE UK All Share Index UT 4.02 Fidelity Index US Fund 7.05 Schroder European Alpha Income Fund 2.03 L&G Asian Income Trust 3.97 Artemis Global Income Fund 4.04 Guinness Global Equity Income 5.02 Newton Global Income Fund 5.01 Investec Diversified Income Fund 5.98 Neuberger Berman Uncorrelated Strats Fd 3.97 Polar Capital Global Convertible Fund 3.01 AHFM Defined Returns 4.02 IFSL Brooks Macdonald Defensive Cptl Fd 2.98 Cash ( ) 7.99 This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 4. Structured Return Cash 7.00% 7.99% Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19

5 Low-to-Medium Risk Portfolio Income and Growth Objective The objective of this portfolio is to provide a combination of income and capital growth. The portfolio gives limited exposure to capital markets through a diversified range of UK and international investments and aims to achieve above inflation investment returns over the longer term. Equity exposure is likely to range between 30-55% with limited exposure to international investments. Key facts Inception date March 2005 No. of holdings (incl. cash) 23 Minimum investment 20,000 Identifiers FE/Citi code MFFI Overall portfolio yield 2.52% Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) 0.75% + VAT maximum VAT on AMC 0.15% Underlying funds OCF 0.53 Total Ongoing Charge 1.43% Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website. Performance (%) Low-to-Medium Risk (Income and Growth) Consumer Price Index (CPI) MSCI WMA Income TR Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at month performance to 28 February (%) Low-to-Medium Risk (Income and Growth) MSCI WMA Income TR UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y 10Y Low-to-Medium Risk (Income and Growth) MSCI WMA Income TR UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

6 Low-to-Medium Risk Portfolio Income and Growth For more details regarding this portfolio please contact your professional adviser. Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 4. Overall sector breakdown UK Fixed Interest 15.73% International Fixed Interest 11.71% UK Equities 17.57% North American Equities European Equities Japan/Far East/Emerging International & Thematic Equities Hedge Funds & Alternatives 12.73% Structured Return Cash 7.00% 1.97% 4.00% 13.92% 6.99% 8.37% Portfolio holdings Fund % PIMCO Sel UK Income Bond Fund 5.91 Royal London Short Duration Gilts Fund 4.88 Royal London Sterling Credit Fund 4.94 Jupiter Dynamic Bond 3.97 MI TwentyFour AM Dynamic Bond Fund 3.95 Vanguard US Government Bond Index Fund 3.79 JOHCM UK Equity Income Fund 4.13 Liontrust Special Situations Fund 5.09 Royal London UK Equity Income Fund 4.20 Vanguard FTSE UK All Share Index UT 4.15 Fidelity Index US Fund 7.00 Schroder European Alpha Income Fund 1.97 L&G Asian Income Trust 4.00 Artemis Global Income Fund 3.02 Fundsmith Equity 4.06 Guinness Global Equity Income 2.93 Newton Global Income Fund 3.91 Investec Diversified Income Fund 3.95 Neuberger Berman Uncorrelated Strats Fd 4.91 Old Mutual Global Eq Abs Ret Fund 3.87 AHFM Defined Returns 4.02 IFSL Brooks Macdonald Defensive Cptl Fd 2.97 Cash ( ) 8.37 Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19

7 Low-to-Medium Risk Portfolio Income and Growth (Passive) Objective The objective of this portfolio is to provide a combination of income and capital growth. The portfolio gives limited exposure to capital markets through a diversified range of UK and international investments and aims to achieve above inflation investment returns over the longer term. Equity exposure is likely to range between 30-55% with limited exposure to international investments. Key facts Inception date* September 2017 No. of holdings (incl. cash) 13 Minimum investment 20,000 Identifiers FE/Citi code MFFI Overall portfolio yield 2.19% Passive funds This portfolio is designed to provide optimal diversification at low cost. As a result, most of the funds included are passive. The exception is the absolute return sector in which exposure can only be gained efficiently via active funds, in our opinion. Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) maximum VAT on AMC 0.10% Underlying funds OCF 0.23 Total Ongoing Charge 0.83% Performance (%) Low-to-Medium Risk (Income and Growth (Passive)) Consumer Price Index (CPI) Aug-17 Nov-17 Feb-18 May-18 Aug-18 Nov-18 Feb-19 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at MSCI WMA Income TR 12-month performance to 28 February (%) Low-to-Medium Risk (Income and Growth (Passive)) MSCI WMA Income TR UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y Since inception* Low-to-Medium Risk (Income and Growth (Passive)) MSCI WMA Income TR UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

8 Low-to-Medium Risk Portfolio Income and Growth (Passive) For more details regarding this portfolio please contact your professional adviser. Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, Overall sector breakdown UK Fixed Interest 15.79% International Fixed Interest 11.75% UK Equities 17.16% North American Equities European Equities Japan/Far East/Emerging International & Thematic Equities 7.07% 2.02% 4.00% 14.11% Portfolio holdings Fund % L&G Sterling Corporate Bond Index Fund Vanguard Global Bond Index Fund 5.91 Vanguard US Government Bond Index Fund 5.84 HSBC FTSE 250 Index Fund 6.06 Vanguard FTSE UK All Share Index UT Fidelity Index US Fund 7.07 L&G European Index Trust 2.02 Vanguard Pacific ex-japan Stock Index Fd 4.00 Fidelity Index World Fund Investec Diversified Income Fund 5.99 Old Mutual Global Eq Abs Ret Fund 6.91 AHFM Defined Returns 7.05 Cash ( ) 8.14 Hedge Funds & Alternatives 12.90% This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 4. Structured Return Cash 7.05% 8.14% Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19

9 Medium Risk Portfolio Income Objective The primary objective of this portfolio is to produce a higher level of income than MSCI United Kingdom Index. The portfolio is designed to produce a regular income with the potential to grow its capital value over the longer term. The portfolio will primarily seek income producing investments which may reduce the scope for capital growth. Equity exposure is likely to range between 55-75%. Key facts Inception date* December 2014 No. of holdings (incl. cash) 24 Minimum investment 20,000 Identifiers FE/Citi code MFFM Overall portfolio yield 2.96% Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) 0.75% + VAT maximum VAT on AMC 0.15% Underlying funds OCF 0.61 Total Ongoing Charge 1.51% Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website. Performance (%) Medium Risk (Income) MSCI WMA Balanced TR Consumer Price Index (CPI) Nov-14 May-15 Nov-15 May-16 Nov-16 May-17 Nov-17 May-18 Nov-18 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at month performance to 28 February (%) Medium Risk (Income) MSCI WMA Balanced TR UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y Since inception* Medium Risk (Income) MSCI WMA Balanced TR UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

10 Medium Risk Portfolio Income Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 5. Overall sector breakdown UK Fixed Interest International Fixed Interest UK Equities 22.73% North American Equities 12.01% European Equities Japan/Far East/Emerging Market Equities International & Thematic Equities Hedge Funds & Alternatives Structured Return Cash 8.79% 4.71% 4.05% 8.77% 17.79% 6.96% 6.95% 7.24% For more details regarding this portfolio please contact your professional adviser. Portfolio holdings Fund % PIMCO Sel UK Income Bond Fund 2.94 Royal London Short Duration Gilts Fund 2.91 Royal London Sterling Credit Fund 2.94 Vanguard US Government Bond Index Fund 4.71 JOHCM UK Equity Income Fund 5.13 Majedie UK Income Fund 3.03 Man GLG UK Income Fund 4.20 Royal London UK Equity Income Fund 5.22 Vanguard FTSE UK All Share Index UT 5.15 Fidelity Index US Fund 5.97 JPM US Equity Income Fund 2.95 JPM US Equity Income Fund (Hedged) 3.09 Schroder European Alpha Income Fund 4.05 CC Japan Income & Growth Fund 4.80 L&G Asian Income Trust 3.97 Artemis Global Income Fund 6.00 Guinness Global Equity Income 4.86 Newton Global Income Fund 4.85 Polar Capital Funds Plc - Global Tech Fund 2.08 Investec Diversified Income Fund 3.93 Polar Capital Global Convertible Fund 3.03 AHFM Defined Returns 3.01 IFSL Brooks Macdonald Defensive Cptl Fd 3.94 Cash ( ) 7.24 Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19

11 Medium Risk Portfolio Income and Growth Objective The primary objective of this portfolio is to generate income and capital growth over the longer term. The portfolio will give significant exposure to a range of UK and international investments. Equity exposure is likely to range between 55-75%. Key facts Performance (%) Medium Risk (Income and Growth) Consumer Price Index (CPI) MSCI WMA Balanced TR Inception date September 2003 No. of holdings (incl. cash) 25 Minimum investment 20,000 Identifiers FE/Citi code MFFK Overall portfolio yield 1.64% Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) 0.75% + VAT maximum VAT on AMC 0.15% Underlying funds OCF 0.59 Total Ongoing Charge 1.49% Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at month performance to 28 February (%) Medium Risk (Income and Growth) MSCI WMA Balanced TR UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y 10Y Medium Risk (Income and Growth) MSCI WMA Balanced TR UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

12 Medium Risk Portfolio Income and Growth Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 5. Overall sector breakdown UK Fixed Interest International Fixed Interest UK Equities 22.61% North American Equities 12.24% European Equities Japan/Far East/Emerging Market Equities International & Thematic Equities Hedge Funds & Alternatives Structured Return Cash 8.71% 4.70% 3.99% 8.55% 18.49% 6.70% 6.93% 7.06% For more details regarding this portfolio please contact your professional adviser. Portfolio holdings Fund % PIMCO Sel UK Income Bond Fund 2.91 Royal London Short Duration Gilts Fund 2.89 Royal London Sterling Credit Fund 2.91 Vanguard US Government Bond Index Fund 4.70 JOHCM UK Equity Income Fund 4.07 Liontrust Special Situations Fund 4.04 Man GLG Undervalued Assets Fund 4.24 River and Mercantile UK Eq Smlr Coms Fd 2.05 Royal London UK Equity Income Fund 3.11 Vanguard FTSE UK All Share Index UT 5.10 Fidelity Index US Fund 8.99 Old Mutual North American Equity Fund (Hedged) 3.25 RWC European Fund 3.99 GS Japan Equity Partners Portfolio 4.68 Schroder ISF Asian Total Return 3.87 Artemis Global Income Fund 4.02 Fundsmith Equity 3.06 Polar Capital Funds Plc - Global Tech Fund 3.16 Polar Capital Funds Plc - Healthcare Opps 3.02 SLI Global Smaller Companies Fund 5.23 Investec Diversified Income Fund 2.92 Old Mutual Global Eq Abs Ret Fund 3.78 AHFM Defined Returns 3.02 IFSL Brooks Macdonald Defensive Cptl Fd 3.91 Cash ( ) 7.06 Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19

13 Medium Risk Portfolio Income and Growth (Passive) Objective The primary objective of this portfolio is to generate income and capital growth over the longer term. The portfolio will give significant exposure to a range of UK and international investments. Equity exposure is likely to range between 55-75%. Key facts Performance (%) Medium Risk (Income and Growth (Passive)) Consumer Price Index (CPI) MSCI WMA Balanced TR Inception date* June 2011 No. of holdings (incl. cash) 15 Minimum investment 20,000 Identifiers FE/Citi code MFFL Overall portfolio yield 1.98% Passive funds This portfolio is designed to provide optimal diversification at low cost. As a result, most of the funds included are passive. The exception is the absolute return sector in which exposure can only be gained efficiently via active funds, in our opinion. Initial charges In specie transfer Cash transfer 0% Ongoing charges (OCF) Annual management charge (AMC) maximum VAT on AMC 0.10% Underlying funds OCF 0.2 Total Ongoing Charge 0.80% Other charges A professional adviser s initial and recurring charge may be added subject to agreement between client and adviser Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Consumer Price Index (CPI) refers to the CPI All Items Index. The data for CPI is as at month performance to 28 February (%) Medium Risk (Income and Growth (Passive)) MSCI WMA Balanced TR UK Bank Rate Relative performance Cumulative performance to (%) 3M 6M 1Y 3Y 5Y Since inception* Medium Risk (Income and Growth (Passive)) MSCI WMA Balanced TR UK Bank Rate Relative performance Past performance is not a reliable indicator of future results. Sources: Brooks Macdonald/Morningstar/ MSCI WMA to All performance figures shown on this factsheet are net of underlying fund charges but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Underlying charges may apply which will vary according to the specific assets within the portfolio. Cash rate For latest cash rates, please refer to the treasury and cash interest rates on Brooks Macdonald's website. Please note, interest is paid gross and quarterly. Only interest of 10 and above will be credited to the account. No charges apply to internal Brooks Macdonald transfers.

14 Medium Risk Portfolio Income and Growth (Passive) Brooks Macdonald investment team Jonathan Webster-Smith Director, Head of Mark Shields Investment Director, Frank Atkins Alex Chittenden James Hussey Ratings and awards Assistant Portfolio Manager, Overall sector breakdown UK Fixed Interest International Fixed Interest UK Equities 22.08% North American Equities 12.08% European Equities Japan/Far East/Emerging Market Equities International & Thematic Equities 8.85% 4.91% 4.02% 8.95% 18.06% For more details regarding this portfolio please contact your professional adviser. Portfolio holdings Fund % L&G Sterling Corporate Bond Index Fund 8.85 Vanguard Global Bond Index Fund 2.97 Vanguard US Government Bond Index Fund 1.94 Vanguard FTSE 250 UCITS ETF 9.01 Vanguard FTSE UK All Share Index UT Fidelity Index US Fund 8.05 Vanguard US Equity Index Fund 4.03 L&G European Index Trust 4.02 Fidelity Index Japan Fund 4.90 Vanguard Pacific ex-japan Stock Index Fd 4.05 Fidelity Index World Fund Schroder Glbl Quant Core Eq 7.01 Old Mutual Global Eq Abs Ret Fund 6.89 AHFM Defined Returns 7.07 Cash ( ) 7.09 Hedge Funds & Alternatives 6.89% This portfolio was analysed by Distribution Technology in February 2019 as having a DT risk level of 5. Structured Return Cash 7.07% 7.09% Important information Brooks Macdonald is responsible for managing the model portfolio on a discretionary basis in accordance with the stated investment objectives and risk profile for the portfolio. The professional adviser is responsible for advising the client as to the selection of an portfolio and for assessing the suitability of the chosen portfolio for the client on an ongoing basis. Investors should be aware that the price of investments and the income from them can go down as well as up and that neither is guaranteed. Investors may not get back the amount invested. Past performance is not a reliable indicator of future results. Changes in rates of exchange may have an adverse affect on the value, price or income of an investment. Investors should be aware of the additional risks associated with funds investing in smaller companies. The information in this document does not constitute advice or a recommendation and you should not make any investment decisions on the basis of it. This document is for the information of the recipient only and should not be reproduced, copied or made available to others. Brooks Macdonald, its subsidiaries and/or their officers, directors and employees may also own and trade in the underlying assets. All performance figures shown on this factsheet are net of underlying funds' OCF but gross of Brooks Macdonald s management fees and adviser charges. Deduction of these fees and charges will impact on the performance shown. Please note that changes made within each risk portfolio will affect all clients within that profile simultaneously. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at The mappings are only for use by financial advisers licensed to use FinaMetrica s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds current asset allocations reflect the risk/ return expectations of the funds when mapped. Brooks Macdonald does pay FinaMetrica for the mappings in the table however these mappings are calculated independently by FinaMetrica. The stated DT risk level is the risk level attributed to the model portfolio by a third party, Distribution Technology Limited ( DT ) following DT s analysis. The stated DT risk level is valid as at the stated date; however, market fluctuations can mean the level of risk in the portfolio might change over time. Brooks Macdonald has not verified the risk level attributed to the model portfolio by DT and makes no warranty as to its accuracy. Accordingly, Brooks Macdonald will not accept any liability arising from any reliance on the stated DT risk level. This service is provided by Brooks Macdonald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. Brooks Macdonald is a trading name of Brooks Macdonald Group plc used by various companies in the Brooks Macdonald group of companies. Brooks Macdonald Group plc is registered in England No Registered office: 72 Welbeck Street, London, W1G 0AY. BMAM Feb - 19