MyFolio Multi Manager Range Report

Transcription

1 MyFolio Multi Manager Range Report Standard Life Investments has not considered the suitability of investment against your individual needs and risk tolerance. To ensure that you understand whether a financial product is suitable, please read the Prospectus or Key Investor Information Document and seek assistance from your professional adviser. The value of investments within the Fund can fall as well as rise and is not guaranteed you may get back less than you pay in. Please note that the number contained in the fund name is not related to the synthetic risk and reward indicator contained in the Key Investor Information Document (KIID). December 2017 The MyFolio Range Review looks at the asset allocation, performance and realised volatility experience of the MyFolio funds, by investment style. Performance Chart Note: Past Performance is not a guide to future performance. Performance based on the Institutional share class.

2 MyFolio Multi-Manager funds - at a glance The MyFolio funds are a family of 25 carefully constructed risk-based portfolios, which offer your clients a choice of active and passive investment strategies across five risk levels and five investment styles. Whatever your investment philosophy, you decide on the most suitable risk profile and investment style for your client and select the appropriate MyFolio funds - we will then take care of the ongoing rebalancing and monitoring. MyFolio aims to maximise returns for your selected level of risk through our innovative asset allocation approach. Using the range of selected asset classes, a strategic asset allocation benchmark is designed to generate the highest expected return for the given level of risk in each fund. We currently engage Moody's Analytics to consult with us on the optimum strategic asset allocation for each fund. We undertake tactical asset allocation where we aim to take advantage of short-term investment opportunities across all MyFolio funds. All the MyFolio funds invest in active commercial property, including the MyFolio Market funds.

3 Performance and fund details (at 31 December 2017) Multi-Manager Funds I II III IV V Cumulative performance 1 month 0.50% 0.68% 0.82% 1.00% 1.15% 6 months 2.09% 3.09% 4.06% % 1 year 4.64% 6.60% 8.63% 10.62% 11.99% 3 years 12.25% 18.24% 23.54% 29.04% 33.80% 5 years 23.28% 34.87% 46.47% 59.31% 70.08% Since launch (20/09/10) 37.06% 54.64% 67.74% 83.14% 93.48% Year on year performance (figures updated on a quarterly basis) 01/01/ /12/ % 6.60% 8.63% 10.62% 11.99% 01/01/ /12/ % 8.48% 10.33% 12.24% 14.68% 01/01/ /12/ % 2.25% 3.08% 3.93% 4.18% 01/01/ /12/ % 6.52% 6.51% 7.13% 7.38% 01/01/ /12/ % 7.08% 11.32% 15.24% 18.37% Annual Management Charge 0.475% 0.475% 0.475% 0.475% 0.475% Ongoing Charges Figure* 0.99% 1.05% 1.17% 1.25% 1.28% Yield 1.02% 0.88% 0.94% 0.92% 0.83% Volatility 3.09% 4.20% 5.34% 6.55% 7.70% Fund Size in m as at 31/12/ * The Ongoing Charges Figure (OCF) expresses the annualised operating expenses of the institutional share class as a percentage of the average net asset value over the last annual reporting period. Three year volatility numbers to 31 December Volatility is the standard deviations of the returns around the mean. Performance figures are calculated on a total return basis in GBP to 31 December 2017 using the Institutional share class, source is Financial Express Analytics. Past performance is not a guide to future performance.

4 Current Asset Allocation (at 31 December 2017) Multi-Manager Funds I II III IV V Cash & Money Markets 3.80% 1.00% 1.00% 1.00% 1.00% Global Index Linked Bonds 5.50% 5.60% 3.00% 0.00% 0.00% Short Dated Global Index Linked Bonds 4.00% 4.10% 1.50% 0.00% 0.00% Sterling Corporate Bonds 12.60% 7.50% 2.60% 0.00% 0.00% Short Dated Sterling Corporate Bonds 14.10% 7.00% 2.10% 0.00% 0.00% Global Corporate Bonds 9.00% 7.60% 5.90% 1.20% 0.00% Short Dated Global Corporate Bonds 3.00% 2.60% 2.00% 0.70% 0.00% Absolute Returns Bonds 14.30% 10.10% 5.80% 2.00% 0.00% Defensive Assets 66.30% 45.50% 23.90% 4.90% 1.00% UK Equities 4.00% 8.70% 13.00% 18.00% 23.15% US Equities 6.00% 10.10% 14.00% 18.40% 23.50% European Equities 3.70% 5.50% 7.30% 9.10% 11.20% Japan Equities 2.60% 3.90% 5.20% 6.50% 8.40% Asia Pacific Equities 2.30% 3.20% 4.30% 5.30% 6.55% Emerging Market Equities 2.30% 3.20% 4.30% 5.30% 6.30% Sterling Hedged Global High Yield 2.50% 2.50% 3.30% 4.10% 0.00% Emerging Market Debt 1.10% 1.50% 1.90% 2.30% 0.50% UK Property 2.60% 4.50% 6.40% 6.10% 0.00% Global REITs 0.90% 1.50% 2.20% 2.00% 0.00% Absolute Returns 5.70% 9.90% 14.20% 18.00% 19.40% Growth Assets 33.70% 54.50% 76.10% 95.10% 99.00%

5 Holdings (at 31 December 2017) Holding name Active /Passive I II III IV V Fidelity Global Inflation-Linked Bond Active 3.02% 3.13% 0.69% Fidelity Short Dated Corporate Bond Active 1.71% 1.18% 0.97% Fidelity UK Corporate Bond Active 6.21% 3.69% 1.31% Royal London Global Index Linked Active 5.75% 6.01% 3.35% Royal London Short Duration Credit Active 4.28% 1.95% 1.10% Royal London Short Duration Global Index Linked Active 1.67% 1.06% 1.18% T Rowe Price Dynamic Global Bond Active 8.27% 6.04% 3.11% 1.12% TwentyFour Absolute Return Credit Active 4.28% 2.05% TwentyFour Corporate Bond Active 6.21% 3.73% 1.29% Vanguard UK Short-Term Investment Grade Passive 3.94% 1.86% Payden Absolute Return Bond Active 5.53% 4.03% 2.07% 0.75% PIMCO Global Inv Grade Credit Active 4.55% 3.70% 2.70% 0.71% Robeco Global Credits Active 4.55% 3.70% 2.70% 0.71% Robeco Global Credits Short Maturity Active 2.98% 2.39% 1.92% 0.68% Cash Active 4.11% 1.13% 0.74% 1.02% 0.98% Defensive 67.06% 45.66% 23.12% 5.00% 0.98% AQR Systematic Total Return Active 1.40% 1.80% 2.42% 3.33% 3.77% Artemis European Opportunities Active 1.50% 2.06% 2.69% 3.41% 4.07% Artemis US Select Active 1.12% 2.95% 2.58% 3.45% 4.44% Barings European High Yield Bond Active 0.42% 0.66% 0.78% 0.77% Brown Advisory US Small Cap Blend Active 0.34% 0.55% 0.79% 1.00% 1.09% CF Morant Wright Nippon Yield Active 2.81% 2.39% 3.07% 3.67% 4.70% Fidelity UK Smaller Companies Active 0.42% 1.14% 1.77% 2.51% 4.11% TM Fulcrum Diversified Core Absolute Return Henderson Emerging Markets Opportunities Active 1.36% 2.50% 3.77% 5.06% 5.30% Active 1.17% 1.60% 1.35% 1.54% 1.74% Henderson UK Property Active 2.73% 4.21% 4.10% 4.73% Hermes Asia Ex Japan Equity Active 0.94% 1.47% 2.05% 1.91% 2.53% Invesco Perpetual Global Emerging Market Invesco Perpetual European Equity Income Invesco Perpetual Global Targeted Return Active 1.13% 1.71% 2.79% 2.53% 2.90% Active 2.22% 2.98% 3.94% 4.45% 5.42% Active 1.12% 1.73% 2.41% 3.28% 3.59%

6 Holdings (at 31 December 2017) Holding name Active /Passive I II III IV V Investec UK Alpha Active 1.10% 2.72% 4.73% 5.88% 6.41% JO Hambro UK Dynamic Active 1.04% 2.22% 3.44% 5.02% 6.73% L&G US Index Passive 2.34% 3.00% 3.94% 6.01% M&G Property Portfolio Active 2.70% 1.76% 0.00% Majedie UK Equity Active 0.88% 2.27% 3.48% 5.22% 6.61% Mirabaud Equity Euro Ex UK Smaller Companies Active 0.49% 0.65% 1.35% 1.24% Mirae Asia Sector Leaders Equity Active 0.95% 1.49% 2.08% 3.15% 3.76% Neuberger Berman EM Debt Local Currency Active 1.57% 1.41% 1.55% 1.96% 0.31% Nomura US High Yield Bond Active 1.76% 2.62% 3.17% 3.07% Old Mutual North American Equity Active 0.89% 1.44% 2.75% 3.15% 3.49% Schroder Small Cap Discovery Active 1.54% 1.76% Schroder Tokyo Active 1.06% 1.38% 1.66% 1.99% THB U.S. Opportunities Active 0.38% 0.49% 0.66% Vanguard US Equity Index Passive 2.84% 2.67% 3.66% 4.69% 6.35% Wellington US Research Equity Active 0.60% 0.72% 1.25% 1.64% 1.75% SLI Global Absolute Return Strategies Active 1.65% 3.28% 4.95% 5.84% 6.56% Tokio Marine Japanese Equity Active 0.92% 1.11% 1.33% 1.72% Brookfield Global REITS Active 1.00% 0.95% 2.07% 1.65% Growth 32.94% 54.34% 76.88% 95.00% 99.02%