MANAGED PORTFOLIO FUNDS SERVICE MANAGED PORTFOLIO SERVICE

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1 MANAGED PORTFOLIO FUNDS SERVICE MANAGED PORTFOLIO SERVICE Cautious Portfolio March 2016 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. March Mth 3 Mths YTD 6 Mths 1 Yr 2 Yr 3 Yr 5 Yr SI (p.a)* Cautious Portfolio WMA Conservative Index Relative Performance Calculation All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. *Inception Date of 19/06/2009, quoted on an annualised basis. Cautious Portfolio The portfolio s objective is to provide outperformance of the Wealth Management Association (WMA) Conservative Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation. Recent Activity The Cautious portfolio marginally outperformed its benchmark over the month. This translates into marginal outperformance over the last year. After a particularly tricky start to the year where contrarian positioning lead the market, March felt like a sense of relative normality returned to markets. Asset allocation was mildly positive for the Cautious portfolio whilst fund selection was a positive contributor. There were no transactions over the month. Portfolio Information Portfolio Benchmark Investment Management Charge (p.a) WMA Conservative Index TR 0.3%+VAT Funds Underlying OCF s 0.70% Estimated Annual Yield 2.50% An investment administrative charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception OK Risk i For more information on our portfolios, please contact us on or at mps@brewin.co.uk

2 Brewin Dolphin Managed Portfolio Service Cautious Portfolio March 2016 Asset Allocation as at 31 March 2016 Bonds 37.5% Equities UK 22.0% Absolute Return 19.0% Equities International 12.0% Equities - US 6.5% Equities - Europe ex UK 2.5% Equities - Japan 1.5% Equities - Asia ex Japan 1.0% Equities - Emerging 0.5% Equities - Global Commercial Property 6.5% Cash 3.0% 6.5% 2.5% 1.5% 1.0% 0.5% Performance One Year Statistics Portfolio Inception Volatility 4.8 Benchmark Inception Volatility 3.9 Inception Information Ratio 0.4 Tracking Error 2.9 Portfolio Holdings as at 31 March 2016 VANGUARD GLOBAL BD INDEX- I 9.50% RWC FUNDS ENHANCED INC-B-INC 8.50% Fidelity MoneyBuilder Income Net Inc GBp 8.50% PSF-UK INCOME BD-R GBP I 7.00% JPM US Equity Income INST Inc 7.00% F&C UK EQUITY-LKD GILT-SC2 7.00% Old Mutual Global Equity Absolute Return INST Acc GBp 6.50% Newton Global Dynamic Bond W Inc 5.00% STANDARD LF GLBL INDX LD-P1 5.00% Henderson UK Absolute Return INST Acc GBp 5.00% Trojan Income INST Inc 5.00% Aberdeen UK Property Fdr Inc 4.25% STANDARD LF AAA INC-R-CT-P1I 4.00% Allianz Gilt Yield Net Inc 4.00% Cash 3.00% STNDRD LIFE-GL ABS RETS-P1GA 2.50% Henderson UK Property OEIC Inc 2.25% BlackRock Continental European Income INST Inc 2.00% Jupiter Japan Income INST Inc 1.50% CF Woodford Equity Income Inc GBp 1.00% Newton Asian Income W Inc 1.00% Fidelity Emerging Markets INST Acc 0.50% Portfolio Management The management of the portfolio is achieved through Brewin Dolphin s network of investment professionals. The group s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels. The funds selected for the portfolio are taken from the group s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk. Past performance is not a guide to future performance. The value of investments can fall and you may get back less than you invested. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset. This information is for illustrative purposes only and is not intended as investment advice. The information contained in this documentation has been taken from sources stated and is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 29/2/2016. 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. Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: ).

3 MANAGED PORTFOLIO FUNDS SERVICE MANAGED PORTFOLIO SERVICE Income Portfolio March 2016 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. March Mth 3 Mths YTD 6 Mths 1 Yr 2 Yr 3 Yr 5 Yr SI (p.a)* Income Portfolio WMA Income Relative Performance Calculation All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. *Inception Date of 19/06/2009, quoted on an annualised basis. Income Portfolio The portfolio s objective is to provide outperformance of the Wealth Management Association (WMA) Income Index over the medium term. Returns will be generated through both capital growth and income, with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation. Recent Activity The Income portfolio outperformed its benchmark over the month. Although the portfolio is underperforming year to date, the track record remains intact outperforming over 1, 3 and 5 years. After a particularly tricky start to the year where contrarian positioning lead the market, March felt like a sense of relative normality returned to markets. Fund selection in bonds and UK equities added value over the month where asset allocation detracted. North American fund selection detracted value as the market reminded us how challenging it is to outperform the US market. There were no transactions over the month. Portfolio Information Portfolio Benchmark Investment Management Charge (p.a) WMA Income Index TR 0.3%+VAT Funds Underlying OCF s 0.62% Estimated Annual Yield 2.94% An investment administrative charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception OK Risk i For more information on our portfolios, please contact us on or at mps@brewin.co.uk

4 Brewin Dolphin Managed Portfolio Service Income Portfolio March 2016 Asset Allocation as at 31 March 2016 Equities UK 35.0% Bonds 3 Equities International 19.0% Equities US 10.5% Equities Europe ex UK 4.5% Equities Japan 2.0% Equities Asia ex Japan 2.0% Equities Emerging Equities Global Absolute Return 8.5% Commercial Property 4.5% Cash 3.0% 10.5% 4.5% 2.0% 2.0% Performance One Year Statistics Portfolio Inception Volatility 7.3 Benchmark Inception Volatility 7.2 Inception Information Ratio 0.4 Tracking Error 2.3 Portfolio Holdings as at 31 March 2016 VANGUARD GLOBAL BD INDEX- I 9.00% Fidelity MoneyBuilder Income Net Inc GBp 8.50% PSF-UK INCOME BD-R GBP I 8.00% Trojan Income INST Inc 7.50% Artemis Income INST Inc 7.00% JPM US Equity Income INST Inc 6.50% FIDELITY INDEX UK-WI 6.00% F&C UK EQUITY-LKD GILT-SC2 5.00% VANGUARD US EQUITY INDEX-I 5.00% Allianz Gilt Yield Net Inc 5.00% Newton Global Dynamic Bond W Inc 4.50% BlackRock Continental European Income INST Inc 4.00% River & Mercantile UK Equity Income INST Inc 3.50% Aberdeen UK Property Fdr Inc 3.00% RWC FUNDS ENHANCED INC-B-INC 3.00% Old Mutual Global Equity Absolute Return INST Acc GBp 3.00% Cash 3.00% Newton Asian Income W Inc 2.00% Jupiter Japan Income INST Inc 2.00% Henderson UK Property OEIC Inc 1.50% CF Woodford Equity Income Inc GBp 1.00% Henderson UK Absolute Return Acc GBp 1.00% Liontrust Special Situations Inst GBp 1.00% Portfolio Management The management of the portfolio is achieved through Brewin Dolphin s network of investment professionals. The group s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels. The funds selected for the portfolio are taken from the group s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk. Past performance is not a guide to future performance. The value of investments can fall and you may get back less than you invested. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset. This information is for illustrative purposes only and is not intended as investment advice. The information contained in this documentation has been taken from sources stated and is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 29/2/2016. 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. Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: ).

5 MANAGED PORTFOLIO FUNDS SERVICE MANAGED PORTFOLIO SERVICE Balanced Portfolio March 2016 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. March Mth 3 Mths YTD 6 mths 1 Yr 2 yr 3 Yr 5 yr SI (p.a)* Balanced Portfolio WMA Balanced Relative Performance Calculation All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. *Inception Date of 19/06/2009, quoted on an annualised basis. Balanced Portfolio The portfolio s objective is to provide outperformance of the Wealth Management Association (WMA) Balanced Index over the medium term. Returns will be generated through both capital growth and income with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation. Recent Activity The Balanced portfolio outperformed its benchmark over the month. Although the portfolio is underperforming year to date, the track record remains intact outperforming over 3 and 5 years. After a particularly tricky start to the year where contrarian positioning lead the market, March felt like a sense of relative normality returned to markets. Fund selection in bonds and UK equities added value over the month where asset allocation detracted. North American fund selection detracted value as the market reminded us how challenging it is to outperform the US market. Asian equities were up aggressively over the month and our strategies lagged slightly, however they remain strong outperformers over the long term. There were no transactions over the month. Portfolio Information Portfolio Benchmark Investment Management Charge (p.a) WMA Balanced Index TR 0.3%+VAT Funds Underlying OCF s 0.63% Estimated Annual Yield 2.36% An investment administrative charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception OK Risk i For more information on our portfolios, please contact us on or at mps@brewin.co.uk

6 Brewin Dolphin Managed Portfolio Service Balanced Portfolio March 2016 Asset Allocation as at 31 March 2016 Equities UK 35.0% Equities International 33.0% Equities US 17.5% Equities Europe ex UK 7.5% Equities Japan 4.0% Equities Asia ex Japan 3.0% Equities Emerging 1.0% Equities Global Bonds 15.5% Absolute Return 8.0% Commercial Property 5.0% Cash 3.5% 17.5% 7.5% 4.0% 3.0% 1.0% Performance One Year Statistics Portfolio Inception Volatility 8.8 Benchmark Inception Volatility 8.7 Inception Information Ratio 0.5 Tracking Error 2.8 Portfolio Holdings as at 31 March 2016 PSF-UK INCOME BD-R GBP I 7.50% VANGUARD US EQUITY INDEX-I 7.50% THREADNEEDLE UK EQ INC-RZI 7.50% FIDELITY INDEX UK-WI 7.50% JPM US Equity Income INST Inc 7.50% VANGUARD GLOBAL BD INDEX- I 7.00% THREADNEEDLE EUR SEL-Z NET A 6.50% INVESTEC UK SPEC SIT-I-ACC 5.00% Old Mutual Global Equity Absolute Return INST Acc GBp 5.00% Artemis Income INST Inc 4.50% F&C UK EQUITY-LKD GILT-SC2 4.00% Schroder Tokyo INST Inc 3.50% LM-CB US AGG GWTH-XA GBP 3.50% Cash 3.50% Aberdeen UK Property Fdr Inc 3.00% Newton Global Dynamic Bond W Inc 3.00% Newton Asian Income W Inc 3.00% Old Mutual UK Smaller Companies RDR Acc 2.00% Henderson UK Property OEIC Inc 2.00% Allianz Gilt Yield Inc 1.50% River & Mercantile UK Equity Income INST Inc 1.50% CF Woodford Equity Income Inc GBp 1.00% Liontrust Special Situations Inst GBp 1.00% Fidelity MoneyBuilder Income Net Inc GBp 1.00% Fidelity Emerging Markets INST Acc 1.00% Portfolio Management The management of the portfolio is achieved through Brewin Dolphin s network of investment professionals. The group s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels. The funds selected for the portfolio are taken from the group s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk. Past performance is not a guide to future performance. The value of investments can fall and you may get back less than you invested. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset. This information is for illustrative purposes only and is not intended as investment advice. The information contained in this documentation has been taken from sources stated and is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 29/2/2016. 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. Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: ).

7 MANAGED PORTFOLIO FUNDS SERVICE MANAGED PORTFOLIO SERVICE Growth Portfolio March 2016 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. March Mth 3 Mths YTD 6 mths 1 Yr 2 yr 3 Yr 5 yr SI (p.a)* Growth Portfolio WMA Growth Relative Performance Calculation All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. *Inception Date of 19/06/2009, quoted on an annualised basis. Growth Portfolio The portfolio s objective is to provide outperformance of the Wealth Management Association (WMA) Growth Index over the medium term. Returns will be generated through both capital growth and income with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation. Recent Activity The Growth portfolio underperformed its benchmark over the month. Although the portfolio is underperforming year to date, the track record remains intact outperforming over 1, 3 and 5 years. After a particularly tricky start to the year where contrarian positioning lead the market, March felt like a sense of relative normality returned to markets. Fund selection in bonds and UK equities added value over the month where asset allocation detracted. North American fund selection detracted value as the market reminded us how challenging it is to outperform the US market. Asian equities were up aggressively over the month and our strategies lagged slightly, however they remain strong outperformers over the long term. There were no transactions over the month. Portfolio Information Portfolio Benchmark Investment Management Charge (p.a) WMA Growth Index TR 0.3%+VAT Funds Underlying OCF s 0.71% Estimated Annual Yield 1.94% An investment administrative charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception OK Risk i For more information on our portfolios, please contact us on or at mps@brewin.co.uk

8 Brewin Dolphin Managed Portfolio Service Growth Portfolio March 2016 Asset Allocation as at 31 March 2016 Equities International 40.5% Equities US 22.0% Equities Europe ex UK 8.5% Equities Japan 5.0% Equities Asia ex Japan 4.0% Equities Emerging 1.0% Equities Global Equities UK 4 Absolute Return 8.5% Bonds 6.0% Commercial Property 3.0% Cash 2.0% 22.0% 8.5% 5.0% 4.0% 1.0% Performance One Year Statistics Portfolio Inception Volatility 10.3 Benchmark Inception Volatility 10.4 Inception Information Ratio 0.6 Tracking Error 3.3 Portfolio Holdings as at 31 March 2016 VANGUARD US EQUITY INDEX-I 8.50% FIDELITY INDEX UK-WI 8.00% THREADNEEDLE EUR SEL-Z NET A 7.50% JPM US Equity Income INST Inc 7.50% Artemis UK Special Situations INST Acc 7.00% INVESTEC UK SPEC SIT-I-ACC 6.00% LM-CB US AGG GWTH-XA GBP 6.00% Old Mutual Global Equity Absolute Return INST Acc GBp 5.00% PSF-UK INCOME BD-R GBP I 4.50% Schroder Tokyo INST Inc 4.50% Liontrust Special Situations Inst GBp 4.50% AXA Framlington UK Select Opportunities RETAIL Inc 4.00% First State Asia Pacific Leaders INST Acc 4.00% Newton Global Dynamic Bond W Inc 3.50% Old Mutual UK Smaller Companies RDR Acc 3.50% THREADNEEDLE UK EQ INC-RZI 3.00% Cash 2.00% VANGUARD GLOBAL BD INDEX- I 1.50% Allianz Gilt Yield Inc 1.50% Artemis US Select Acc GBp 1.50% Aberdeen UK Property Fdr Inc 1.50% INVESTEC UK ALPHA-I-INC 1.50% Henderson UK Property OEIC Inc 1.50% Fidelity Emerging Markets INST Acc 1.00% CF Miton UK Value Opportunities Acc GBp 1.00% Portfolio Management The management of the portfolio is achieved through Brewin Dolphin s network of investment professionals. The group s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels. The funds selected for the portfolio are taken from the group s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk. Past performance is not a guide to future performance. The value of investments can fall and you may get back less than you invested. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset. This information is for illustrative purposes only and is not intended as investment advice. The information contained in this documentation has been taken from sources stated and is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 29/2/2016. 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. Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: ).

9 MANAGED PORTFOLIO FUNDS SERVICE MANAGED PORTFOLIO SERVICE Global Equity Portfolio March 2016 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. March Mth 3 Mths YTD 6 mths 1 Yr 2 yr 3 Yr 5 yr SI (p.a)* Global Equity Portfolio MPS Global Equity Benchmark Relative Performance Calculation All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin investment management charge. Deduction of this charge will have the result of reducing the illustrated performance. Performance is calculated through Morningstar direct and provided for illustrative purposes only and should not be viewed as the performance of a specific client account. *Inception Date of 19/06/2009, quoted on an annualised basis. Global Equity Portfolio The portfolio s objective is to provide outperformance of a bespoke Global Equity Benchmark Index (5% cash, 65% UK shares, 30% overseas shares) over the medium term. Returns will be generated through both capital growth and income with a bias towards developed and liquid capital markets. The risk will be diversified by holding collective investments. The management of the portfolio aims to meet the objective conservatively by taking managed risk through fund selection and asset allocation. Recent Activity The Global Equity portfolio performed in line with its benchmark over the month. Although the portfolio is underperforming year to date, the track record remains intact outperforming over 1, 3 and 5 years. After a particularly tricky start to the year where contrarian positioning lead the market, March felt like a sense of relative normality returned to markets. This meant UK active management struggled over the month with fund selection detracting in the UK equity space. Asian equities were up aggressively over the month and our strategies lagged slightly, however they remain strong outperformers over the long term. There were no transactions over the month. Portfolio Information Portfolio Benchmark Investment Management Charge (p.a) MPS Global Equity Benchmark Index TR 0.3%+VAT Funds Underlying OCF s 0.70% Estimated Annual Yield 2.32% An investment administrative charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception OK Risk i For more information on our portfolios, please contact us on or at mps@brewin.co.uk

10 Brewin Dolphin Managed Portfolio Service Global Equity Portfolio March 2016 Asset Allocation as at 31 March 2016 Equities UK 65.0% Equities International 32.5% Equities - US 17.5% Equities - Europe ex UK 7.5% Equities - Japan 3.5% Equities - Asia ex Japan 2.8% Equities - Emerging 1.2% Equities - Global Cash 2.5% Bonds Commercial Property Absolute Return 17.5% 7.5% 3.5% 2.8% 1.2% Performance One Year Statistics Portfolio Inception Volatility 11.2 Benchmark Inception Volatility 11.4 Inception Information Ratio 0.4 Tracking Error 3.7 Portfolio Holdings as at 31 March 2016 FIDELITY INDEX UK-WI 9.60% VANGUARD US EQUITY INDEX-I 9.50% AXA Framlington UK Select Opportunities RETAIL Inc 8.30% Majedie UK Equity INST Acc 8.30% Artemis UK Special Situations INST Acc 8.00% THREADNEEDLE UK EQ INC-RZI 8.00% THREADNEEDLE EUR SEL-Z NET A 7.50% INVESTEC UK SPEC SIT-I-ACC 5.50% Liontrust Special Situations Inst GBp 5.30% Aviva US Equity Income II INST Inc 5.00% LM-CB US AGG GWTH-XA GBP 5.00% Schroder Tokyo INST Inc 3.50% Old Mutual UK Smaller Companies RDR Acc 3.50% Trojan Income INST Inc 3.00% First State Asia Pacific Leaders INST Acc 2.80% INVESTEC UK ALPHA-I-INC 2.50% Cash 2.50% Fidelity Emerging Markets INST Acc 1.20% CF Miton UK Value Opportunities Acc GBp 1.00% Portfolio Management The management of the portfolio is achieved through Brewin Dolphin s network of investment professionals. The group s Asset Allocation Team meets monthly to decide upon the top down strategy for the portfolio. Strict adherence to its recommendations ensures that profits are taken regularly and keeps risks within appropriate levels. The funds selected for the portfolio are taken from the group s Fund Research Department. This team is mandated to provide the building blocks for successful portfolio management. All selected funds have been carefully analysed to identify fund managers who can sustain enhanced returns while diversifying risk. Past performance is not a guide to future performance. The value of investments can fall and you may get back less than you invested. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset. This information is for illustrative purposes only and is not intended as investment advice. The information contained in this documentation has been taken from sources stated and is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 29/2/2016. 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. Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: ).