SJP Fund Review MAY 2017
About This Report Sales focused, high charges, a lack of transparency on fees and poor fund performance are some of the terms used to describe St James s Place in the barrage of negative press the fund management giant has received over recent months. Yet despite the negative press, SJP has continued to grow exponentially and their 2016 annual report shows that their funds under management have now reached over 75 billion. SJP are the UK s largest private asset manager yet their wealth management model has continually divided opinion. Their restricted approach limits clients to their own in-house range of funds and their Nectar Points reward scheme for their partner advisers, which is based on the amount of client money they draw into the business, has raised concern among investors who feel SJP s focus is simply on selling their products rather than delivering for investors. Despite their continued growth numerous SJP investors have contacted ukmoneysite to voice their confusion over charges and concerns over comparatively poor fund performance. In this report, we provide an independent analysis of their range of unit trust / ISA funds, Life funds, Pension funds and Offshore funds. We detail the 1, 3 & 5-year growth and sector ranking of each fund and provide a performance rating based on how each fund consistently performed in the 5-year period up to 11 th May 2017. Our analysis identifies that the significant majority of their funds have underperformed in comparison to competing funds within the same sectors, with 33% ranking in the worst quartile for performance.
How Yodelar s Empowering investors with factual fund research, insights and information Yodelar continually review the performance and ranking of fund managers and their funds, helping investors to clearly identify the quality of all investment funds. Fund Colour Definitions Funds that rank in the top 25% in their sector for performance Funds that rank in the top 50% in their sector for performance Funds that rank in the bottom 50% in their sector for performance Funds that rank in the bottom 25% in their sector for performance Based on how a fund ranks over the most recent 1, 3 and 5 year period they will be classified as a TOP MEDIOCRE or POOR performing fund. Performing Funds Yodelar classifies a top-performing fund as a fund that has consistently performed better than 75% of competing funds within the relevant sector. Mediocre Performing Funds A fund will be classified as mediocre performing if at anytime during the 1, 3 and 5- year period analysed they had performed worse than the top 25% of competing funds but maintained a ranking which was better than the remaining 50% of competing funds. Poor Performing Funds Yodelar classifies a poor performing fund as one which has performed worse than 50% of competing funds at anytime over the most recent 1, 3 and 5 year periods. All fund information provided in this report is factual and accurate as of the time of completion. It s purpose is to provide investors with factual performance insights and does not constitute financial advice.
How To Invest How you invest will define the future success of your portfolio. The 2 most critical elements of any successful investment portfolio is risk (mostly managed through a suitable asset allocation model) and fund growth (managed by only investing in funds and fund managers that have demonstrated their expertise by consistently achieving top performance. There are 4 steps to building and managing a successful portfolio. Analyse Define Your Risk Regular Reviews If you have an existing portfolio it is important to find out how your funds are performing in order to ensure you only invest in top performing funds Whether you are a very defensive or very aggressive investor it is essential that you have an asset allocation model that fits your profile. Invest only in funds that have proven their ability to maintain consistent top quartile performance in their sectors over the most recent 1,3 & 5 years. Regular reviews are essential to ensure your funds maintain top performance and to rebalance your portfolio when markets move. Below is the asset allocation model is supplied by Which? (the consumer watchdog). The table allows you to identify your risk profile based on the percentage of portfolio loss that would be acceptable to you as an investor in any 1 year
UNIT TRUST / ISA SJP Unit Trust Funds Review 11th May 2017 Fund Name SJP UK Absolute Return L Sector UT Targeted Absolute Return 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating 4.34 150 / 339 24.51 20.37 55 / 253 45.06 17.93 111 / 194 143.85 160.7 POOR SJP Alternative Assets L UT Flexible Investment 8.26 594 / 639 41.79 2.55 487 / 498 67.01 12.5 378 / 381 124.04 398.7 POOR SJP Balanced Managed L UT Mixed Investment 17.66 461 / 752 36.4 24.57 423 / 636 63.98 57.27 269 / 522 106.01 602.2 POOR SJP Managed L UT Mixed Investment 18.01 422 / 752 36.4 25.38 376 / 636 63.98 66.44 113 / 522 106.01 623.8 POOR SJP Strategic Managed L UT Mixed Investment 17.31 490 / 752 36.4 23.35 477 / 636 63.98 50.8 370 / 522 106.01 591.6 POOR SJP Multi Asset L UT Mixed Investment 20%-60% Shares 5.67 844 / 862 31.26 6.47 724 / 732 54.94 4.68 528 / 529 92.96 789.5 POOR SJP Strategic Income L UT Mixed Investment 0%-35% Shares 14.73 15 / 346 21.34 27.88 49.91 771.3 SJP Greater European Progressive L UT Europe Including UK 23.15 57 / 85 33.69 35.38 18 / 70 40 102.22 8 / 67 108.65 644.5 POOR SJP Continental European L UT Europe Excluding UK 31.74 99 / 426 55.7 21.34 354 / 363 83.19 90.37 258 / 297 197.28 79.2 POOR SJP Asia Pacific L UT Asia Pacific Including Japan 27.2 15 / 19 42.05 33.51 18 / 18 68.63 42.37 14 / 15 105.9 562.3 POOR SJP Global Equity Income L UT Global Equity Income 26.74 84 / 268 45.71 45.77 86 / 213 61.31 99.59 43 / 144 126.84 923.5 MEDIOCRE SJP Global Equity L UT Global Equity Income 30.21 30 / 268 45.71 45.25 94 / 213 61.31 82.32 113 / 144 126.84 1599 POOR SJP Global L UT Global Equity Income 32.1 21 / 268 45.71 50.74 48 / 213 61.31 117.79 6 / 144 126.84 1300.3 TOP SJP Emerging Markets Equity L UT Global Emerging Markets 26.89 226 / 230 51.92 29.05 167 / 207 62.9 92.09 156.6 28/04/2014 SJP Global Emerging Markets L UT Global Emerging Markets 27.14 224 / 230 51.92 28.71 174 / 207 62.9 44.04 77 / 149 92.09 216.8 POOR SJP Diversified Bond L UT Global Bonds 7.41 218 / 380 25.96 44.52 83.25 369.7 SJP International Corporate Bond L UT Global Bonds 6.43 245 / 380 25.96 9.11 255 / 318 44.52 30.24 107 / 253 83.25 809.5 POOR SJP Global Smaller Companies L UT Global 34.52 90 / 845 49.15 34.52 607 / 750 96.71 69.27 485 / 594 172.71 103.1 POOR SJP International Equity L Inc UT Global 27.21 546 / 845 49.15 55.46 206 / 750 96.71 119.04 57 / 594 172.71 916.1 POOR
UNIT TRUST / ISA SJP Unit Trust Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating SJP Worldwide Income L UT Global 49.15 96.71 172.71 10/10/2016 SJP Worldwide Opportunities L UT Global 24.61 655 / 845 49.15 48.83 326 / 750 96.71 103.6 174 / 594 172.71 1172.7 POOR SJP Money Market R UT Money Market -0.11 67 / 73 14.59-0.11 52 / 57 32.83 38.29 163.2 SJP North American L UT North America 34.59 80 / 355 47.44 83.3 19 / 314 95.27 155.92 9 / 257 170.63 323.8 TOP SJP Property L UT Property 2.8 159 / 312 34.25 20.65 140 / 268 50.22 34.06 112 / 193 117.3 1044 POOR SJP Investment Grade Corporate Bond L UT Sterling Corporate Bond 5.35 401 / 452 19.03 9.33 365 / 399 40.24 16.9 296 / 310 61.87 690.4 POOR SJP Corporate Bond L UT Sterling High Yield 10.44 109 / 177 25.86 12.14 89 / 152 51.68 40.47 48 / 121 81.04 719.5 POOR SJP Ethical L UT Specialist 31.29 104 / 457 54.79 25.69 184 / 411 135.83 56.18 108 / 306 191.41 108.4 MEDIOCRE SJP Allshare Income L UT UK Equity Income 17.97 267 / 439 40.05 23 232 / 380 70.63 69.48 219 / 320 137.44 322.1 POOR SJP Equity Income L UT UK Equity Income 16.03 318 / 439 40.05 10.42 376 / 380 70.63 61.21 274 / 320 137.44 1012.6 POOR SJP UK & General Progressive L UT UK Equity Income 16.93 298 / 439 40.05 22.83 236 / 380 70.63 62.34 261 / 320 137.44 810.5 POOR SJP UK & International Income L UT UK Equity Income 17.94 268 / 439 40.05 21.33 271 / 380 70.63 69.51 218 / 320 137.44 785.6 POOR SJP UK High Income L UT UK Equity Income 11.41 421 / 439 40.05 18.65 319 / 380 70.63 62.38 259 / 320 137.44 1719.1 POOR SJP UK Income L UT UK Equity Income 14.53 365 / 439 40.05 70.63 137.44 212.4 10/11/2014 SJP UK L UT UK All Companies 26.47 166 / 1038 45.95 19.19 704 / 954 73.8 73.07 436 / 792 185.9 131.7 POOR SJP Gilts L UT UK Gilts 1.6 115 / 123 11.03 8.83 106 / 110 60.59 6.81 97 / 97 51.12 152.5 POOR SJP Index Linked Gilts L UT UK Index - Linked Gilts 6.2 67 / 69 25.22 6.64 60 / 61 50.42 6.85 49 / 50 63.2 119.3 POOR
UNIT TRUST / ISA SJP Unit Trust Funds 5 Yr Summary Rating Number of Funds Percentage of Funds Amount of Client Funds Under Management Based on 5 Yr Rating ( millions) Percentage of Client Funds Under Management Based on 5 Yr Rating (%) TOP 2 5.6% 1,624.10 8.0% MEDIOCRE 2 5.6% 216.80 1.1% POOR 26 72.2% 16,777.00 82.7% 6 16.7% 1,673.20 8.2% TOTAL NUMBER OF FUNDS 36 100% 20,291.10 100%
PENSION FUNDS SJP Pension Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating SJP AXA Framlington Managed Pn PN Mixed Investment 18.34 1057 / 1647 31.33 26.27 847 / 1419 51.88 61.07 486 / 1261 110.82 2407.3 POOR SJP Schroder Managed Pn PN Mixed Investment 18.71 1002 / 1647 31.33 27.26 777 / 1419 51.88 70.73 182 / 1261 110.82 2645.4 POOR SJP Strategic Managed Pn PN Mixed Investment 17.86 1112 / 1647 31.33 25.01 1004 / 1419 51.88 54.3 803 / 1261 110.82 2765.4 POOR SJP Strategic Income Pn PN Mixed Investment 0%-35% Shares 16.25 12 / 261 23.84 43.68 53.54 1010.7 SJP Strategic Income Pn Cap PN Mixed Investment 0%-35% Shares 12.52 46 / 261 23.84 43.68 53.54 SJP Greater European Pn PN Europe Including UK 24.55 34 / 45 37.93 37.27 15 / 40 66.26 107.63 11 / 30 165.87 266.9 POOR SJP Continental European Pn PN Europe Excluding UK 34.31 91 / 769 56.9 23.01 683 / 729 83.2 97.77 480 / 686 197.28 155.4 POOR SJP Asia Pacific Pn PN Asia Pacific Including Japan 27.42 133 / 140 51.31 36.16 123 / 139 71.88 45.48 119 / 139 103.87 710.2 POOR SJP International Corporate Bond Pn PN Global High Yield 7.99 32 / 37 28.82 13.73 11 / 26 45.75 39.55 7 / 20 61.55 579 POOR SJP Ethical Pn PN Global Equities 32.34 356 / 1958 53.02 27.83 1676 / 1762 111.32 60.39 1513 / 1631 168.74 65.9 POOR SJP Global Equity Income Pn PN Global Equities 28.13 1084 / 1958 53.02 48.38 687 / 1762 111.32 103.02 459 / 1631 168.74 569.1 POOR SJP Global Equity Pn PN Global Equities 30.66 622 / 1958 53.02 47.61 721 / 1762 111.32 86.88 1011 / 1631 168.74 4090.1 POOR SJP Global Managed Pn PN Global Equities 32.97 274 / 1958 53.02 54.03 392 / 1762 111.32 122.74 78 / 1631 168.74 3133.3 TOP SJP Global Smaller Companies Pn PN Global Equities 34.02 213 / 1958 53.02 37.1 1273 / 1762 111.32 73.99 1399 / 1631 168.74 149.2 POOR SJP Worldwide Income Pn PN Global Equities 53.02 111.32 168.74 10/10/2016 SJP Worldwide Managed Pn PN Global Equities 25.44 1556 / 1958 53.02 51.48 534 / 1762 111.32 109.27 305 / 1631 168.74 2244.5 POOR SJP Emerging Markets Equity Pn PN Global Emerging Markets 26.1 447 / 458 54.95 29.28 322 / 391 135.79 151.44 175.5 POOR 28/04/2014 SJP Money Market Pn Cap PN Money Market -3.58 461 / 499 8.66-10.2 434 / 470 25.29-16.35 414 / 450 44.3 552.8 POOR SJP North American Pn PN North America 35.22 126 / 653 42.43 85 11 / 615 94.09 159.21 5 / 578 163.31 540.8 TOP
PENSION FUNDS SJP Pension Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating SJP Corporate Bond Pn PN Sterling Strategic Bond 11.86 17 / 310 13.44 16.49 71 / 282 22.3 49.13 31 / 265 67.86 405.2 TOP SJP Diversified Bond Pn PN Sterling Strategic Bond 8.24 144 / 310 13.44 22.3 67.86 235 SJP Diversified Bond Pn Cap PN Sterling Strategic Bond 4.73 255 / 310 13.44 22.3 67.86 SJP Investment Grade Corporate Bond Pn PN Sterling Corporate Bond 5.75 431 / 486 12.25 12 402 / 443 43.46 21.23 388 / 402 60.34 458.9 POOR SJP Alternative Assets Pn PN Specialist 8.26 687 / 1032 58.55 4.38 678 / 779 120.96 15.61 528 / 661 199.77 339.6 POOR SJP Global Emerging Market Pn PN Specialist 26.66 160 / 1032 58.55 29.75 329 / 779 120.96 46.51 334 / 661 199.77 345.8 POOR SJP Multi Asset Pn PN Specialist 6.2 746 / 1032 58.55 8.56 622 / 779 120.96 7.2 598 / 661 199.77 1247.4 POOR SJP UK Absolute Return Pn PN Specialist 5 783 / 1032 58.55 22.62 421 / 779 120.96 20.89 487 / 661 199.77 180.9 POOR SJP International Equity Pn PN Flexible Investment 28.47 39 / 665 38.9 58.38 5 / 540 71.54 116.6 3 / 469 159.58 1487 TOP SJP Property Pn PN UK Direct Property 3.3 98 / 372 21.55 23.92 181 / 366 44.3 36.72 191 / 360 70.73 767.1 POOR SJP Diversified Income Pn PN UK Equity Income 17.99 299 / 417 38.88 24.1 207 / 370 49.45 71.12 217 / 345 116.91 164.8 POOR SJP UK & International Income Pn PN UK Equity Income 18.47 290 / 417 38.88 22.78 235 / 370 38.88 73.27 195 / 345 116.91 472.6 POOR SJP UK Income Pn PN UK Equity Income 14.79 359 / 417 38.88 38.88 116.91 133.1 10/11/2014 SJP Equity Income Pn PN UK All Companies 16.56 1424 / 1777 43.36 12.17 1540 / 1703 76.41 65.73 936 / 1625 197.97 411.2 POOR SJP UK & General Progressive Pn PN UK All Companies 17.07 1400 / 1777 43.36 24.58 567 / 1703 76.41 65.34 949 / 1625 197.97 392.8 POOR SJP UK Equity Pn PN UK All Companies 12.82 1631 / 1777 43.36 21.22 923 / 1703 76.41 71.4 712 / 1625 197.97 878.9 POOR SJP UK Pn PN UK All Companies 26.88 185 / 1777 43.36 21.5 891 / 1703 76.41 77.52 497 / 1625 197.97 87.8 POOR SJP Gilts Pn PN UK Gilts 1.73 328 / 368 22.02 9.58 319 / 358 45.56 7.78 300 / 337 55.87 107.1 POOR SJP Index Linked Gilts Pn PN UK Index - Linked Gilts 6.07 309 / 320 36.3 7.73 293 / 298 97.71 8.58 275 / 281 87.81 74.3 POOR
PENSION FUNDS SJP Pension Funds 5 Yr Summary Rating Number of Funds Percentage of Funds Amount of Client Funds Under Management Based on 5 Yr Rating ( millions) Percentage of Client Funds Under Management Based on 5 Yr Rating (%) TOP 4 10.5% 5,566.30 18.4% MEDIOCRE 0 0.0% 0.00 0.0% POOR 28 73.7% 23,305.90 77.0% 6 15.8% 1,378.80 4.6% TOTAL NUMBER OF FUNDS 38 100% 30,251.00 100%
LIFE FUNDS SJP Life Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Consistent 5 Year Fund Size ( millions) Rating SJP AXA Framlington Managed LF Mixed Investment 14.71 784 / 1025 27.46 19.95 779 / 999 47.41 46.15 657 / 919 95.04 995.3 POOR SJP Schroder Managed LF Mixed Investment 14.69 789 / 1025 27.46 20.22 771 / 999 47.41 52.84 292 / 919 95.04 1135.3 POOR SJP Strategic Managed LF Mixed Investment 14.41 810 / 1025 27.46 19.06 815 / 999 47.41 41.57 735 / 919 95.04 1275.8 POOR SJP Strategic Income LF Mixed Investment 0%-35% Shares 12 4 / 194 12.41 22.91 46.86 196.8 SJP Strategic Income Distribution LF Mixed Investment 0%-35% Shares 6.28 121 / 194 12.41 22.91 46.86 275.3 SJP Greater European LF Europe Including UK 19.45 19 / 26 34.15 27.77 12 / 17 56.06 80.35 9 / 17 141.87 89 POOR SJP Continental European LF Europe Excluding UK 26.97 139 / 477 54.07 16.14 438 / 449 59.2 80.01 323 / 407 144.15 90.8 POOR SJP Asia Pacific LF Asia Pacific Including Japan 22.57 74 / 74 44.52 27.79 73 / 74 68.83 33.44 72 / 74 100.35 334.4 POOR SJP International Corporate Bond LF Global High Yield 5.62 22 / 23 21.11 7.94 17 / 20 43.69 25.15 8 / 15 42.71 708 POOR SJP Ethical LF Global Equities 27.04 282 / 851 40.55 20.81 768 / 788 72.65 48.75 635 / 693 123.18 72.7 POOR SJP Global Equity LF Global Equities 24.12 535 / 851 40.55 35.92 529 / 788 72.65 66.79 532 / 693 123.18 2052.6 POOR SJP Global Equity Income LF Global Equities 22.47 653 / 851 40.55 37.65 472 / 788 72.65 78.02 374 / 693 123.18 697.4 POOR SJP Global Managed LF Global Equities 25.98 363 / 851 40.55 40.11 378 / 788 72.65 88.01 194 / 693 123.18 1451 MEDIOCRE SJP Global Smaller Companies LF Global Equities 27.21 264 / 851 40.55 27.09 707 / 788 72.65 53.8 610 / 693 123.18 41.7 POOR SJP Worldwide Income LF Global Equities 40.55 72.65 123.18 10/10/2016 SJP Worldwide Managed LF Global Equities 20.36 769 / 851 40.55 38.78 431 / 788 72.65 79.48 350 / 693 123.18 1132.8 POOR SJP Emerging Markets Equity LF Global Emerging Markets 21.74 236 / 238 48.83 21.01 175 / 209 116.68 128.09 85 28/04/2014 SJP Money Market LF Money Market -1.17 247 / 266 27.08-3.44 243 / 263 50.75-5.6 237 / 257 64.94 167.5 POOR SJP North American LF North America 27.25 188 / 402 39.21 62.36 85 / 371 82.24 112.57 59 / 334 160.17 206 MEDIOCRE
LIFE FUNDS SJP Life Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating SJP Corporate Bond LF Sterling Strategic Bond 7.91 61 / 281 12 9.36 165 / 269 20.57 31.03 91 / 229 68.11 586.5 POOR SJP Diversified Bond LF Sterling Strategic Bond 5.77 168 / 281 12 20.57 68.11 41.6 SJP Diversified Bond Distribution LF Sterling Strategic Bond 1.49 269 / 281 12 20.57 68.11 189 SJP Investment Grade Corporate Bond LF Sterling Corporate Bond 3.66 313 / 332 14.28 6.69 290 / 303 37.51 11.67 246 / 252 61.39 563.2 POOR SJP Alternative Assets LF Specialist 7.59 268 / 411 53.21 1.43 333 / 365 103.47 9.85 255 / 298 155.05 336.2 POOR SJP Global Emerging Markets LF Specialist 21.04 112 / 411 53.21 22.06 183 / 365 103.47 33.3 175 / 298 155.05 147.5 POOR SJP Multi Asset LF Specialist 4.07 322 / 411 53.21 4.86 312 / 365 103.47 1.89 280 / 298 155.05 648.6 POOR SJP UK Absolute Return LF Specialist 3.14 337 / 411 53.21 15.2 235 / 365 103.47 11.87 241 / 298 155.05 174.2 POOR SJP International Equity LF Flexible Investment 22.33 75 / 446 33.87 43.57 10 / 299 55.59 93.99 5 / 264 97 990.9 TOP SJP Property LF UK Direct Property 2.68 78 / 264 21.15 22.06 103 / 261 43.23 30.25 136 / 242 63.37 1003.1 POOR SJP Diversified Income LF UK Equity Income 15.21 257 / 337 34.21 19.92 204 / 295 39.56 57.1 214 / 253 95.89 446.5 POOR SJP Income Distribution LF UK Equity Income 10.62 337 / 337 34.21 18.37 243 / 295 39.56 57.12 213 / 253 95.89 1614.4 POOR SJP UK & International Income LF UK Equity Income 14.87 264 / 337 34.21 17.92 252 / 295 39.56 57.27 210 / 253 95.89 690.6 POOR SJP UK Income LF UK Equity Income 13.8 289 / 337 34.21 39.56 95.89 136.1 10/11/2014 SJP Equity Income LF UK All Companies 13.46 877 / 1078 37.66 8.65 999 / 1049 76.37 52.4 687 / 949 210.05 666.7 POOR SJP UK & General Progressive LF UK All Companies 13.6 871 / 1078 37.66 18.59 540 / 1049 76.37 49.17 779 / 949 210.05 289 POOR SJP UK Equity LF UK All Companies 10.65 1007 / 1078 37.66 16.81 679 / 1049 76.37 57.51 507 / 949 210.05 356.9 POOR SJP UK LF UK All Companies 20.9 355 / 1078 37.66 14.74 842 / 1049 76.37 59.57 459 / 949 210.05 56.3 POOR SJP Gilts LF UK Gilts 0.54 164 / 175 12.6 5.34 160 / 171 56.69 2.1 137 / 148 65.53 153.4 POOR SJP Index Linked Gilts LF UK Index - Linked Gilts 4.79 93 / 95 32.7 4.58 91 / 91 74.77 4.37 81 / 82 94.68 107.6 POOR
LIFE FUNDS SJP Life Funds 5 Yr Summary Rating Number of Funds Percentage of Funds Amount of Client Funds Under Management Based on 5 Yr Rating ( millions) Percentage of Client Funds Under Management Based on 5 Yr Rating (%) TOP 1 2.6% 990.90 4.9% MEDIOCRE 2 5.1% 1,657.00 8.2% POOR 29 74.4% 16,634.00 82.3% 7 17.9% 923.80 4.6% TOTAL NUMBER OF FUNDS 39 100% 20,205.70 100%
INTERNATIONAL FUNDS SJPI Offshore Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating SJPI AXA Framlington Managed EUR in OI Mixed Investment 17.06 432 / 644 41.72 23.29 393 / 568 65.94 54.66 181 / 494 103.95 162.8 POOR SJPI AXA Framlington Managed P in OI Mixed Investment 17.09 428 / 644 41.72 23.32 392 / 568 65.94 54.62 182 / 494 103.95 248.6 POOR SJPI Schroder Managed EUR in OI Mixed Investment 17.57 411 / 644 41.72 24.08 372 / 568 65.94 64.06 95 / 494 103.95 193.1 POOR SJPI Schroder Managed P in OI Mixed Investment 17.6 408 / 644 41.72 24.12 371 / 568 65.94 64.03 96 / 494 103.95 300.5 POOR SJPI Strategic Managed EUR in OI Mixed Investment 16.68 445 / 644 41.72 21.99 416 / 568 65.94 47.83 242 / 494 103.95 288.6 POOR SJPI Strategic Managed P in OI Mixed Investment 16.71 443 / 644 41.72 22.03 414 / 568 65.94 47.8 244 / 494 103.95 288.6 POOR SJPI Money Market P in OI Currency Funds -1.17 36 / 36 15.05-3.27 20 / 20 32.1-5.36 11 / 11 27.45 82.2 POOR SJPI Multi Asset P in OI Mixed Investment 20%-60% Shares 5.4 355 / 369 43.78 5.8 315 / 322 51.46 3.47 268 / 269 78.89 144.8 POOR SJPI Strategic Income EUR in OI Mixed Investment 0%-35% Shares 15.23 43 / 128 49.47 46.11 124.49 SJPI Strategic Income P in OI Mixed Investment 0%-35% Shares 15.26 42 / 128 49.47 46.11 124.49 120.3 SJPI Strategic Income USD in OI Mixed Investment 0%-35% Shares 15.57 39 / 128 49.47 46.11 124.49 0.1 SJPI Greater European EUR in OI Europe Including UK 21.72 164 / 193 47.93 32.97 47 / 170 77.8 98.17 40 / 149 180.2 94.6 POOR SJPI Continental European EUR in OI Europe Excluding UK 31.22 72 / 234 53.07 19.93 193 / 206 83.04 86.44 151 / 192 186.63 31.9 POOR SJPI Continental European P in OI Europe Excluding UK 31.26 70 / 234 53.07 19.97 192 / 206 83.04 86.4 152 / 192 186.63 31.9 POOR SJPI Asia Pacific EUR in OI Asia Pacific Including Japan 26.49 54 / 62 45.68 31.41 56 / 59 71.51 39.48 53 / 56 109.9 141.4 POOR SJPI Asia Pacific P in OI Asia Pacific Including Japan 26.53 53 / 62 45.68 31.44 55 / 59 71.51 39.46 54 / 56 109.9 141.4 POOR SJPI International Corporate Bond EUR in SJPI International Corporate Bond P in SJPI International Corporate Bond USD in OI Global High Yield 5.62 78 / 80 33.29 9.87 54 / 64 51.85 32.78 39 / 45 61.96 192.7 POOR OI Global High Yield 5.65 77 / 80 33.29 9.89 53 / 64 51.85 32.75 40 / 45 61.96 192.7 POOR OI Global High Yield 5.93 76 / 80 33.29 9.52 55 / 64 51.85 32.98 38 / 45 61.96 192.7 POOR
INTERNATIONAL FUNDS SJPI Offshore Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Fund Size ( millions) Consistent 5 Year Rating SJPI Global Equity EUR in OI Global Equities 29.76 292 / 755 48.56 43.99 231 / 641 100.57 79.86 254 / 504 138.36 825.6 POOR SJPI Global Equity P in OI Global Equities 29.8 289 / 755 48.56 44.03 229 / 641 100.57 79.83 255 / 504 138.36 825.6 POOR SJPI Global Equity Income EUR in OI Global Equities 26.24 475 / 755 48.56 44.29 226 / 641 100.57 95.12 126 / 504 138.36 165.8 POOR SJPI Global Equity Income P in OI Global Equities 26.28 470 / 755 48.56 44.32 222 / 641 100.57 95.08 127 / 504 138.36 165.8 POOR SJPI Global Equity Income USD in OI Global Equities 26.62 459 / 755 48.56 43.84 237 / 641 100.57 95.42 123 / 504 138.36 165.8 POOR SJPI Global Equity USD in OI Global Equities 32.88 110 / 755 48.56 56.14 68 / 641 100.57 96 117 / 504 138.36 825.6 TOP SJPI Global Managed EUR in OI Global Equities 31.59 180 / 755 48.56 49.3 143 / 641 100.57 114.4 23 / 504 138.36 454 TOP SJPI Global Managed P in OI Global Equities 31.63 176 / 755 48.56 49.34 140 / 641 100.57 114.36 24 / 504 138.36 454 TOP SJPI Global Smaller Companies EUR in OI Global Equities 34.1 74 / 755 48.56 33.54 416 / 641 100.57 67.2 340 / 504 138.36 26.4 POOR SJPI Global Smaller Companies P in OI Global Equities 34.15 72 / 755 48.56 33.58 413 / 641 100.57 67.17 341 / 504 138.36 26.4 POOR SJPI International Equity EUR in OI Global Equities 26.86 451 / 755 48.56 54.29 91 / 641 100.57 112.59 28 / 504 138.36 353.4 POOR SJPI International Equity P in OI Global Equities 26.89 448 / 755 48.56 54.34 90 / 641 100.57 112.55 30 / 504 138.36 661.7 POOR SJPI International Equity USD in OI Global Equities 29.94 281 / 755 48.56 65.01 15 / 641 100.57 130.49 7 / 504 138.36 661.7 MEDIOCRE SJPI Multi Asset EUR in OI Global Equities 5.36 749 / 755 48.56 5.76 622 / 641 100.57 3.49 501 / 504 138.36 POOR SJPI Multi Asset USD in OI Global Equities 5.68 748 / 755 48.56 5.43 625 / 641 100.57 3.65 500 / 504 138.36 POOR SJPI Worldwide Income EUR in OI Global Equities 48.56 100.57 138.36 10/10/2016 SJPI Worldwide Income P in OI Global Equities 48.56 100.57 138.36 10/10/2016 SJPI Worldwide Income USD in OI Global Equities 48.56 100.57 138.36 10/10/2016 SJPI Worldwide Managed EUR in OI Global Equities 24.25 554 / 755 48.56 47.62 171 / 641 100.57 101.44 71 / 504 138.36 160.2 POOR
INTERNATIONAL FUNDS SJPI Offshore Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Consistent 5 Year Fund Size ( millions) Rating SJPI Worldwide Managed P in OI Global Equities 24.3 549 / 755 48.56 47.67 170 / 641 100.57 101.4 72 / 504 138.36 315.9 POOR SJPI Worldwide Managed USD in OI Global Equities 24.62 542 / 755 48.56 47.16 177 / 641 100.57 101.76 68 / 504 138.36 18.7 POOR SJPI Diversified Bond EUR in OI Global Fixed Interest 7.37 544 / 737 40.56 52.48 67.82 SJPI Diversified Bond P in OI Global Fixed Interest 7.4 541 / 737 40.56 52.48 67.82 49.6 SJPI Diversified Bond USD in OI Global Fixed Interest 7.69 523 / 737 40.56 52.48 67.82 0 SJPI Emerging Markets Equity EUR in OI Global Emerging Markets 26.42 464 / 556 57.7 27.36 268 / 485 127.95 182.41 44 28/04/2014 SJPI Emerging Markets Equity P in OI Global Emerging Markets 26.45 463 / 556 57.7 27.39 267 / 485 127.95 182.41 44 28/04/2014 SJPI Emerging Markets Equity USD in OI Global Emerging Markets 26.79 455 / 556 57.7 26.95 270 / 485 127.95 182.41 44 28/04/2014 SJPI Global Emerging Markets EUR in OI Global Emerging Markets 26.75 458 / 556 57.7 26.57 274 / 485 127.95 41.37 145 / 423 182.41 70.8 POOR SJPI Global Emerging Markets P in OI Global Emerging Markets 26.79 456 / 556 57.7 26.6 272 / 485 127.95 41.34 147 / 423 182.41 70.8 POOR SJPI Global Emerging Markets USD in OI Global Emerging Markets 27.12 454 / 556 57.7 26.17 279 / 485 127.95 41.59 139 / 423 182.41 70.8 POOR SJPI Money Market EUR in OI Money Market 4.49 148 / 214 30.29-2.41 178 / 194 47.75-3.26 150 / 170 84.86 3.4 POOR SJPI Money Market EUR S in OI Money Market 5.55 131 / 214 30.29 0.59 131 / 194 47.75 1.74 100 / 170 84.86 0 POOR SJPI Money Market P S in OI Money Market -0.17 184 / 214 30.29-0.3 154 / 194 47.75-0.48 130 / 170 84.86 0.8 POOR SJPI Money Market USD in OI Money Market 10.74 55 / 214 30.29 25.35 55 / 194 47.75 16.85 51 / 170 84.86 10.4 MEDIOCRE SJPI North American EUR in OI North America 34.01 51 / 280 47.79 80.51 5 / 241 99.36 148.6 4 / 207 153.02 79.9 TOP SJPI North American USD in OI North America 34.4 49 / 280 47.79 79.94 6 / 241 99.36 148.99 2 / 207 153.02 79.9 TOP SJPI Investment Grade Corporate Bond EUR in SJPI Investment Grade Corporate Bond P in OI Sterling Corporate Bond OI Sterling Corporate Bond 4.97 84 / 99 17.33 8.97 76 / 90 24.13 16.33 79 / 87 44.2 117.7 POOR 5.01 82 / 99 17.33 9.01 75 / 90 24.13 16.32 80 / 87 44.2 117.7 POOR
INTERNATIONAL FUNDS SJPI Offshore Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Consistent 5 Year Fund Size ( millions) Rating SJPI Corporate Bond EUR in OI Sterling High Yield 9.9 9 / 17 22.88 12.42 6 / 13 26.6 41.63 4 / 13 61.88 115.7 MEDIOCRE SJPI Corporate Bond P in OI Sterling High Yield 9.93 8 / 17 22.88 12.45 5 / 13 26.6 41.6 5 / 13 61.88 115.7 MEDIOCRE SJPI Alternative Assets EUR in OI Specialist 7.97 352 / 426 60.62 1.54 370 / 387 118.77 10.67 309 / 341 179.46 82.6 POOR SJPI Alternative Assets P in OI Specialist 8.01 351 / 426 60.62 1.57 369 / 387 118.77 10.64 310 / 341 179.46 82.6 POOR SJPI Alternative Assets USD in OI Specialist 8.3 347 / 426 60.62 1.23 373 / 387 118.77 10.84 307 / 341 179.46 82.6 POOR SJPI Ethical EUR in OI Specialist 31.24 100 / 426 60.62 24.8 272 / 387 118.77 54.12 195 / 341 179.46 5.7 POOR SJPI Ethical P in OI Specialist 31.28 99 / 426 60.62 24.83 270 / 387 118.77 54.1 196 / 341 179.46 5.7 POOR SJPI UK Absolute Return P in OI Specialist 3.94 383 / 426 60.62 19.28 306 / 387 118.77 16.36 294 / 341 179.46 62.4 POOR SJPI Diversified Income EUR in OI UK Equity Income 17.55 58 / 93 36.11 21.18 48 / 74 31.91 64.98 40 / 67 125.36 64 POOR SJPI Diversified Income P in OI UK Equity Income 17.58 57 / 93 36.11 21.22 47 / 74 31.91 64.94 41 / 67 125.36 64 POOR SJPI Equity Income EUR in OI UK Equity Income 15.22 67 / 93 36.11 9.24 72 / 74 31.91 58.2 63 / 67 125.36 116.6 POOR SJPI Equity Income P in OI UK Equity Income 15.26 66 / 93 36.11 9.27 71 / 74 31.91 58.18 64 / 67 125.36 116.6 POOR SJPI UK & General Progressive EUR in OI UK Equity Income 16.23 63 / 93 36.11 21.72 43 / 74 31.91 58.83 61 / 67 125.36 80.2 POOR SJPI UK & General Progressive P in OI UK Equity Income 16.27 62 / 93 36.11 21.76 42 / 74 31.91 58.8 62 / 67 125.36 80.2 POOR SJPI UK & International Income EUR in OI UK Equity Income 17.4 61 / 93 36.11 20.09 52 / 74 31.91 66.69 37 / 67 125.36 153.1 POOR SJPI UK & International Income P in OI UK Equity Income 17.44 59 / 93 36.11 20.12 51 / 74 31.91 66.66 38 / 67 125.36 153.1 POOR SJPI UK High Income EUR in OI UK Equity Income 10.72 91 / 93 36.11 17.67 63 / 74 31.91 60 56 / 67 125.36 201.8 POOR SJPI UK High Income P in OI UK Equity Income 10.74 90 / 93 36.11 17.71 62 / 74 31.91 59.97 57 / 67 125.36 201.8 POOR SJPI UK Income EUR in OI UK Equity Income 13.97 76 / 93 36.11 31.91 125.36 10/11/2014
INTERNATIONAL FUNDS SJPI Offshore Funds Review 11th May 2017 Fund Name Sector 1 Year 3 Year 5 Year 1 Yr % 1 Yr Fund % 3 Yr % 3 Yr 5 Yr % 5 Yr Consistent 5 Year Fund Size ( millions) Rating SJPI UK Income P in OI UK Equity Income 14 75 / 93 36.11 31.91 125.36 32.4 10/11/2014 SJPI UK Income USD in OI UK Equity Income 14.31 74 / 93 36.11 31.91 125.36 10/11/2014 SJPI UK P in OI UK All Companies 26.22 18 / 287 33.39 17.76 133 / 264 67.43 69.43 94 / 251 169.98 34.8 POOR SJPI UK EUR in OI UK All Companies 26.17 20 / 287 33.39 17.73 135 / 264 67.43 69.46 92 / 251 169.98 34.8 POOR SJPI UK Gilts EUR in OI UK Gilts 1.03 26 / 29 10.53 7.3 26 / 27 39.59 4.65 22 / 24 35.77 30.1 POOR SJPI UK Gilts P in OI UK Gilts 1.06 25 / 29 10.53 7.33 25 / 27 39.59 4.64 23 / 24 35.77 30.1 POOR SJPI Index Linked Gilts EUR in OI UK Index - Linked Gilts 5.71 5 / 7 21.05 5.43 3 / 4 21.05 4.96 3 / 4 21.05 19.9 POOR SJPI Index Linked Gilts P in OI UK Index - Linked Gilts 5.74 4 / 7 21.05 5.47 2 / 4 21.05 4.94 4 / 4 21.05 19.9 POOR SJPI Index Linked Gilts USD in OI UK Index - Linked Gilts 6.02 3 / 7 21.05 5.11 4 / 4 21.05 5.13 2 / 4 21.05 19.9 POOR
INTERNATIONAL FUNDS SJPI Offshore Funds 5 Yr Summary Rating Number of Funds Percentage of Funds Amount of Client Funds Under Management Based on 5 Yr Rating ( millions) Percentage of Client Funds Under Management Based on 5 Yr Rating (%) TOP 5 5.9% 1,359.50 17.3% MEDIOCRE 4 4.7% 787.80 10.0% POOR 61 71.8% 5,452.80 69.5% 15 17.6% 246.40 3.1% TOTAL NUMBER OF FUNDS 85 100% 7,846.50 100%
Summary SJP continue to divide opinion among investors. Their business model of funding partner advisers and recruiting IFA firms has enabled them to scale and substantially increase their amount of funds under management. But for many investors their restricted wealth management approach, comparatively poor fund performance, high charges and exit penalties are a significant pain point. Based on the facts it appears that the SJP model / client proposition is primarily focused on fee generation for St James Place and their tied, self-employed partner advisers, who cannot provide independent advice and only provide investors with access to the funds provided to them by SJP. There restricted approach coupled with their charges and fund performance would suggest that investors with a focus on maximising returns within a suitable risk portfolio, that is both cost effective and delivering on performance, would be better served elsewhere. Find out if your funds are top or poor performing Fund ing Risk Analysis Portfolio We will highlight the position each of your funds ranked based on performance when compared to all other funds in their sectors. Are you investing with more risk than intended? Our volatility review will show you what level of risk your portfolio is actually taking. Discover the level of growth your portfolio has achieved and find out how it compares to our model top portfolios. Report Summary Comprehensive summary on the overall quality of your existing portfolio highlighting potential improvements Find out if your portfolio contains top or poor performing funds Get your independent portfolio review today PORTFOLIO REVIEW
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