MANAGED PORTFOLIO SERVICE Cautious February 218 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. February 218 1 Mth 3 Mths 6 Mths YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 217 216 215 214 213 212 211 21 SI (p.a)¹ Cautious -1.2 -.6 -.7-1.8 2.1 13.2 14.2 25.4 3.9 5.8 9.9 2.5 9.2 5.8 1.9 2.9 9.3 7.5 WMA Conservative Index ² -1.1. -.3-2. 3. 16.7 18.1 3.3 35.1 7.2 12.9 1.9 9.5 5.1 4.6 7.7 8.3 7. Relative -.1 -.6 -.4.2 -.9-3.5-3.9-4.9-4.2-1.4-3..6 -.3.7 6.3-4.8 1..5 Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin s 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. 1 Inception Date of 19/6/29, quoted on an annualised basis. 2 change from composite to WMA Conservative as at 3/9/212. Data for FTSE WMA indices to 28/2/217. MSCI WMA indices from 1/3/217. Cautious 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 February saw the re-emergence of volatility as equity markets initially reacted badly to strong growth figures in the US labour market. This triggered inflation fears and sharper interest rate rises by the US Federal Reserve. However, the falls were further exasperated by investors betting on low volatility products which had attracted significant inflows prior to the selloff. The falls hit most major equity markets though the weakness of sterling helped to limit some of these falls. Despite this, US economic fundamentals remained strong with unemployment at a 17-year low of 4.1% and US economic growth running at a 2.6%. This compares favourably with UK where GDP at 1.8% annualised is the lowest rate since 212. In Europe GDP of 2.5% has been supported by the ECB s stimulus programme. Positive contributions came from Alternative Assets where increased volatility, subsequent equity falls, and sterling weakness assisted returns. Bailie Gifford American was also a positive contributor. Fidelity Moneybuilder was the main detractor. Overall the WMA fell by 1.11%, whilst the portfolio slightly under performed. Information WMA Conservative Index ² Investment Management Charge (p.a).3%+vat Fund Underlying OCFs.57 Estimated Annual Yield 2.2 An Investment Administration Charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception 1 9 8 7 6 5 4 3 2 1 May 29 Nov 29 May 21 Nov 21 May 211 Nov 211 May 212 Nov 212 May 213 Nov 213 May 214 Nov 214 May 215 Nov 215 WMA Conservative Index ² (8.3) May 216 MPS Cautious Performance on TRANSACT (88.5) MPS Cautious Historic Performance Nov 216 May 217 88.5 8.3 Nov 217
Brewin Dolphin Managed Service Cautious February 218 Asset Allocation as at 28 February 218 Holdings as at 28 February 218 Performance One Year 6 5 4 3 2 1 Feb 217 Mar 217 Statistics Apr 217 May 217 Jun 217 Jul 217 Inception Volatility 4.7 Inception Volatility 4.3 Inception Information Ratio.2 Tracking Error 2.6 Management Aug 217 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. Sep 217 Oct 217 Nov 217 WMA Conservative Index ² (3.) MPS Cautious Performance on TRANSACT (2.1) MPS Cautious Historic Performance Dec 217 Jan 218 3. Feb 218 2.1 MI Select Managers Bond Instl Inc 9.% Insight UK Government Bond - 9.% Fidelity MoneyBuilder Income Net Y 7.5% ishares Corporate Bond Index (UK) D Inc 5.5% F&C UK Equity-Linked Gilt 2 Inc 5.5% Old Mutual Glb Eq Abs Rt R GBP Hdg Acc 5.% Troy Trojan Income O Inc 5.% Janus Henderson UK Absolute Return I Acc 5.% Newton Global Dynamic Bd Inst W Inc 4.5% PIMCO Sel UK Income Bond Instl GBP Inc 4.5% Vanguard US Govt Bd Idx GBPH Acc 4.5% Cash 4.5% Allianz Gilt Yield I Inc 4.5% MI Select Managers UK Eq Inc Instl Inc 4.5% Investec UK Equity Income - 4.5% Vanguard US Equity Index Inc 3.5% JPM US Equity Income C Net Inc 3.% Jupiter Absolute Return I Acc 3.% BlackRock Continental Eurp Inc D Inc 2.5% Newton Asian Income Instl W Inc 2.5% JPM Global Macro Opportunities C Net Inc 2.5% Fundsmith Equity I Inc 2.% Schroder Global Cities Real Estt Z Inc 1.5% MI Select Managers NA Equity Instl Inc 1.5% JPM US Equity Income - 1.5% Baillie Gifford American B Inc 1.5% RWC Enhanced Income Fund R GBP Inc 1.5% LF Woodford Equity Income C Sterling Inc 1.5% M&G Global Macro Bond GBP I Inc 1.% Baillie Gifford Japanese B Inc 1.% ishares Glb Prpty Secs Eq Idx (UK) D Inc 1.% Fidelity Emerging Markets W Acc 1.% 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 and any income from them 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. 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. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk. evalue risk tolerance scores are based on a 1-year time horizon. The mappings are only for use by financial advisers licensed to use evalue s risk profiling system and does not constitute financial advice. It is the responsibility of the adviser to select the correct model appropriate for the client s time horizon and objective. The opinions expressed are not necessarily the views held throughout Brewin Dolphin Ltd. The Estimated Annual Yield figure is based on reasonable assumptions supported by objective data and is no guarantee of future performance. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 3/11/216. 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: 124444).
MANAGED PORTFOLIO SERVICE Income February 218 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. February 218 1 Mth 3 Mths 6 Mths YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 217 216 215 214 213 212 211 21 SI (p.a)¹ Income -1.6 -.9 -.2-2.3 3.2 18.5 18.5 3.9 41.5 8.1 12.3 3.6 8.6 11.6 11.7.7 12.3 9.3 WMA Income Index² -1.5.1. -2.4 3.9 21.5 2.7 32.7 41. 9.1 14.9 2.2 7.7 1. 7.8 3.1 11.4 8.8 Relative -.1-1. -.2.1 -.7-3. -2.2-1.8.5-1. -2.6 1.4.9 1.6 3.9-2.4.9.5 Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin s 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. 1 Inception Date of 31/1/28, quoted on an annualised basis. 2 Data for FTSE WMA indices to 28/2/217. MSCI WMA indices from 1/3/217. Income 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 February saw the re-emergence of volatility as equity markets initially reacted badly to strong growth figures in the US labour market. This triggered inflation fears and sharper interest rate rises by the US Federal Reserve. However, the falls were further exasperated by investors betting on low volatility products which had attracted significant inflows prior to the selloff. The falls hit most major equity markets though the weakness of sterling helped to limit some of these falls. Despite this, US economic fundamentals remained strong with unemployment at a 17-year low of 4.1% and US economic growth running at a 2.6%. This compares favourably with UK where GDP at 1.8% annualised is the lowest rate since 212. In Europe GDP of 2.5% has been supported by the ECB s stimulus programme. Positive contributions came from Alternative Assets where increased volatility, subsequent equity falls, and sterling weakness assisted returns. Liontrust Special Situations was also a positive contributor whilst Bailie Gifford Japan was the main detractor. Overall the WMA fell by 1.55%, whereas the portfolio slightly under performed. Information Investment Management Charge (p.a) WMA Income Index².3%+VAT Fund Underlying OCFs.61 Estimated Annual Yield 2.28 An Investment Administration Charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception 16 14 12 1 8 6 4 2-2 Oct 28 Apr 29 Oct 29 Apr 21 Oct 21 Apr 211 Oct 211 Apr 212 Oct 212 Apr 213 Oct 213 WMA Income Index² (119.8) Apr 214 Oct 214 Apr 215 Oct 215 Apr 216 MPS Income Performance on TRANSACT (128.8) Oct 216 128.8 119.8 Apr 217 Oct 217 MPS Income Historic Performance
Brewin Dolphin Managed Service Income February 218 Asset Allocation as at 28 February 218 Performance One Year 7 6 5 4 3 2 1 Feb 217 Mar 217 Statistics Apr 217 May 217 Jun 217 Jul 217 Inception Volatility 6.9 Inception Volatility 6.9 Inception Information Ratio.2 Tracking Error 2.2 Management Aug 217 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. Sep 217 Oct 217 Nov 217 WMA Income Index² (3.9) MPS Income Performance on TRANSACT (3.2) MPS Income Historic Performance Dec 217 Jan 218 3.9 Feb 218 3.2 Holdings as at 28 February 218 Fidelity MoneyBuilder Income Net Y 7.% Vanguard US Equity Index Inc 6.% Troy Trojan Income O Inc 5.5% MI Select Managers Bond Instl Inc 5.5% Insight UK Government Bond - 5.5% MI Select Managers UK Eq Inc Instl Inc 5.% Investec UK Equity Income - 5.% JPM US Equity Income C Net Inc 5.% PIMCO Sel UK Income Bond Instl GBP Inc 4.5% Cash 4.% BlackRock Continental Eurp Inc D Inc 4.% LF Woodford Equity Income C Sterling Inc 4.% Fidelity Index UK P Inc 3.5% Liontrust Special Situations I Inc 3.5% Newton Global Dynamic Bd Inst W Inc 3.5% Newton Asian Income Instl W Inc 3.5% Old Mutual Glb Eq Abs Rt R GBP Hdg Acc 3.% Janus Henderson UK Absolute Return I Acc 3.% MI Select Managers UK Equity Instl Inc 2.5% JPM UK Equity Core - 2.5% Allianz Gilt Yield I Inc 2.5% JPM Global Macro Opportunities C Net Inc 2.5% F&C UK Equity-Linked Gilt 2 Inc 2.5% MI Select Managers NA Equity Instl Inc 2.% JPM US Equity Income - 2.% Jupiter Absolute Return I Acc 2.% Fundsmith Equity I Inc 2.% Baillie Gifford Japanese B Inc 2.% Fidelity Emerging Markets W Acc 1.5% Man GLG Undervalued Assets Profl Inc D 1.5% River & Mercantile UK Equity Income B 1.5% Vanguard US Govt Bd Idx GBPH Acc 1.5% Schroder Global Cities Real Estt Z Inc 1.% M&G Global Macro Bond GBP I Inc 1.% ishares Glb Prpty Secs Eq Idx (UK) D Inc 1.% Baillie Gifford American B Inc 1.% ishares Corporate Bond Index (UK) D Inc 1.% RWC Enhanced Income Fund R GBP Inc.5% Past performance is not a guide to future performance. The value of investments and any income from them 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. 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. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk. evalue risk tolerance scores are based on a 1-year time horizon. The mappings are only for use by financial advisers licensed to use evalue s risk profiling system and does not constitute financial advice. It is the responsibility of the adviser to select the correct model appropriate for the client s time horizon and objective. The opinions expressed are not necessarily the views held throughout Brewin Dolphin Ltd. The Estimated Annual Yield figure is based on reasonable assumptions supported by objective data and is no guarantee of future performance. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 3/11/216. 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: 124444).
MANAGED PORTFOLIO SERVICE Balanced February 218 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. February 218 1 Mth 3 Mths 6 Mths YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 217 216 215 214 213 212 211 21 SI (p.a)¹ Balanced -1.5 -.6. -1.9 3.8 24. 22.3 35.7 49.3 9.1 14.8 3.9 7.7 17.4 12. -2.6 15.2 1.5 WMA Balanced Index² -1.6.2.2-2.3 4.3 26.1 23.9 36.9 47.4 9.8 17.1 2.7 7.2 14.1 9.1.2 12.5 9.6 Relative.1 -.8 -.2.4 -.5-2.1-1.6-1.2 1.9 -.7-2.3 1.2.5 3.3 2.9-2.8 2.7.9 Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin s 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. 1 Inception Date of 31/8/28, quoted on an annualised basis. 2 Data for FTSE WMA indices to 28/2/217. MSCI WMA indices from 1/3/217. Balanced 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 February saw the re-emergence of volatility as equity markets initially reacted badly to strong growth figures in the US labour market. This triggered inflation fears and sharper interest rate rises by the US Federal Reserve. However, the falls were further exasperated by investors betting on low volatility products which had attracted significant inflows prior to the selloff. The falls hit most major equity markets though the weakness of sterling helped to limit some of these falls. Despite this, US economic fundamentals remained strong with unemployment at a 17-year low of 4.1% and US economic growth running at a 2.6%. This compares favourably with UK where GDP at 1.8% annualised is the lowest rate since 212. In Europe GDP of 2.5% has been supported by the ECB s stimulus programme. Positive contributions came from Alternative Assets and the UK where increased volatility, subsequent equity falls, and sterling weakness assisted returns. Bailie Gifford American was also a positive contributor. JPM US Equity was the main detractor. Both the WMA and portfolio fell circa 1.55%. Information Investment Management Charge (p.a) WMA Balanced Index².3%+VAT Fund Underlying OCFs.62 Estimated Annual Yield 1.86 An Investment Administration Charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception 18 16 14 12 1 8 6 4 2-2 Oct 28 Apr 29 Oct 29 Apr 21 Oct 21 Apr 211 Oct 211 Apr 212 Oct 212 Apr 213 Oct 213 WMA Balanced Index² (136.2) Apr 214 Oct 214 Apr 215 Oct 215 Apr 216 MPS Balanced Performance on TRANSACT (154.9) Oct 216 Apr 217 154.9 136.2 Oct 217 MPS Balanced Historic Performance
Brewin Dolphin Managed Service Balanced February 218 Asset Allocation as at 28 February 218 Performance One Year 8 7 6 5 4 3 2 1 Feb 217 Mar 217 Statistics Apr 217 May 217 Jun 217 Jul 217 Inception Volatility 8.2 Inception Volatility 8.2 Inception Information Ratio.3 Tracking Error 2.7 Management Aug 217 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. Sep 217 Oct 217 Nov 217 WMA Balanced Index² (4.3) MPS Balanced Performance on TRANSACT (3.8) MPS Balanced Historic Performance Dec 217 Jan 218 4.3 Feb 218 3.8 Holdings as at 28 February 218 Vanguard US Equity Index Inc 8.5% PIMCO Sel UK Income Bond Instl GBP Inc 6.% Investec UK Special Situations I Acc Net 6.% Threadneedle UK Eq Inc Z Inc GBP 5.% MI Select Managers UK Equity Instl Inc 4.5% JPM UK Equity Core - 4.5% JPM US Equity Income C Net Inc 4.5% Cash 4.% Threadneedle European Sel Z Inc GBP 4.% MI Select Managers Bond Instl Inc 4.% Insight UK Government Bond - 4.% Old Mutual Glb Eq Abs Rt R GBP Hdg Acc 4.% F&C UK Equity-Linked Gilt 2 Inc 3.5% LF Woodford Equity Income C Sterling Inc 3.5% Newton Asian Income Instl W Inc 3.5% MI Select Managers NA Equity Instl Inc 3.% JPM US Equity Income - 3.% MI Select Managers UK Eq Inc Instl Inc 3.% Investec UK Equity Income - 3.% Schroder Tokyo Z Inc 2.5% Newton Global Dynamic Bd Inst W Inc 2.5% Vanguard US Govt Bd Idx GBPH Acc 2.5% Janus Henderson UK Absolute Return I Acc 2.25% Baillie Gifford American B Inc 2.% Legg Mason CB US Agrsv Gr X GBP Acc 2.% Fidelity Emerging Markets W Acc 2.% Allianz Gilt Yield I Inc 2.% Fundsmith Equity I Inc 2.% Liontrust Special Situations I Inc 2.% Jupiter Absolute Return I Acc 1.5% Man GLG Undervalued Assets Profl Inc D 1.5% JOHCM Continental European Y GBP Inc 1.5% ishares Corporate Bond Index (UK) D Inc 1.5% Schroder Global Cities Real Estt Z Inc 1.25% Old Mutual UK Smaller Coms R GBP Acc 1.% ishares Glb Prpty Secs Eq Idx (UK) D Inc 1.% Hermes Asia Ex Japan Equity F GBP Inc 1.% JPM Global Macro Opportunities C Net Inc 1.% Past performance is not a guide to future performance. The value of investments and any income from them 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. 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. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk. evalue risk tolerance scores are based on a 1-year time horizon. The mappings are only for use by financial advisers licensed to use evalue s risk profiling system and does not constitute financial advice. It is the responsibility of the adviser to select the correct model appropriate for the client s time horizon and objective. The opinions expressed are not necessarily the views held throughout Brewin Dolphin Ltd. The Estimated Annual Yield figure is based on reasonable assumptions supported by objective data and is no guarantee of future performance. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 3/11/216. 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: 124444).
MANAGED PORTFOLIO SERVICE Growth February 218 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. February 218 1 Mth 3 Mths 6 Mths YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 217 216 215 214 213 212 211 21 SI (p.a)¹ Growth -1.6.1 1.6-1.5 6.8 3.3 28.7 41.9 6.4 12.2 15.7 5.6 6.9 21.9 12.4-5.3 18. 12. WMA Growth Index² -1.8.3.5-2.4 5.1 3.9 27.3 4.7 52.9 11.3 19.2 3. 6.5 17. 1. -2.3 13.4 1.4 Relative.2 -.2 1.1.9 1.7 -.6 1.4 1.2 7.5.9-3.5 2.6.4 4.9 2.4-3. 4.6 1.6 Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin s 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. 1 Inception Date of 31/1/28, quoted on an annualised basis. 2 Data for FTSE WMA indices to 28/2/217. MSCI WMA indices from 1/3/217. Growth 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 February saw the re-emergence of volatility as equity markets initially reacted badly to strong growth figures in the US labour market. This triggered inflation fears and sharper interest rate rises by the US Federal Reserve. However, the falls were further exasperated by investors betting on low volatility products which had attracted significant inflows prior to the selloff. The falls hit most major equity markets though the weakness of sterling helped to limit some of these falls. Despite this, US economic fundamentals remained strong with unemployment at a 17-year low of 4.1% and US economic growth running at a 2.6%. This compares favourably with UK where GDP at 1.8% annualised is the lowest rate since 212. In Europe GDP of 2.5% has been supported by the ECB s stimulus programme. Positive contributions came from Alternative Assets and the UK where increased volatility, subsequent equity falls, and sterling weakness assisted returns. Bailie Gifford American was also a positive contributor whilst US value was the main detractor. The portfolio outperformed the WMA which fell 1.8%. Information Investment Management Charge (p.a) WMA Growth Index².3%+VAT Fund Underlying OCFs.68 Estimated Annual Yield 1.58 An Investment Administration Charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception 25 2 15 1 5-5 Oct 28 Apr 29 Oct 29 Apr 21 Oct 21 Apr 211 Oct 211 Apr 212 Oct 212 Apr 213 Oct 213 WMA Growth Index² (151.7) Apr 214 Oct 214 Apr 215 Oct 215 Apr 216 MPS Growth Performance on TRANSACT (187.3) Oct 216 Apr 217 187.3 151.7 Oct 217 MPS Growth Historic Performance
Brewin Dolphin Managed Service Growth February 218 Asset Allocation as at 28 February 218 Performance One Year 9 8 7 6 5 4 3 2 1-1 Feb 217 Mar 217 Statistics Apr 217 May 217 Jun 217 Jul 217 Inception Volatility 9.5 Inception Volatility 9.7 Inception Information Ratio.5 Tracking Error 3.2 Management Aug 217 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. Sep 217 Oct 217 Nov 217 WMA Growth Index² (5.1) MPS Growth Performance on TRANSACT (6.8) MPS Growth Historic Performance Dec 217 Jan 218 Feb 218 6.8 5.1 Holdings as at 28 February 218 Vanguard US Equity Index Inc 8.5% MI Select Managers UK Equity Instl Inc 8.% JPM UK Equity Core - 8.% Man GLG Undervalued Assets Profl Inc D 7.5% Investec UK Special Situations I Acc Net 6.% Threadneedle European Sel Z Inc GBP 5.% JPM US Equity Income C Net Inc 4.5% Stewart Investors AsiaPac Ldrs B Acc GBP 4.5% Legg Mason CB US Agrsv Gr X GBP Acc 4.5% MI Select Managers NA Equity Instl Inc 4.% JPM US Equity Income - 4.% Schroder Tokyo Z Inc 4.% Old Mutual Glb Eq Abs Rt R GBP Hdg Acc 4.% PIMCO Sel UK Income Bond Instl GBP Inc 3.5% Liontrust Special Situations I Inc 3.5% Fidelity Index UK P Inc 3.% Newton Global Dynamic Bd Inst W Inc 3.% Fidelity Emerging Markets W Acc 2.5% LF Lindsell Train UK Equity Inc 2.% Old Mutual UK Smaller Coms R GBP Acc 2.% Baillie Gifford American B Inc 2.% Threadneedle UK Eq Inc Z Inc GBP 2.% JOHCM Continental European Y GBP Inc 2.% Cash 2.% Fundsmith Equity I Inc 2.% MI Select Managers Bond Instl Inc 1.5% Insight UK Government Bond - 1.5% Allianz Gilt Yield I Inc 1.5% Artemis US Select I Acc GBP 1.5% MI Select Managers UK Eq Inc Instl Inc 1.% Investec UK Equity Income - 1.% Janus Henderson UK Absolute Return I Acc 1.% Hermes Asia Ex Japan Equity F GBP Inc 1.% Schroder Global Cities Real Estt Z Inc 1.% JPM Global Macro Opportunities C Net Inc.5% ishares Glb Prpty Secs Eq Idx (UK) D Inc.5% Jupiter Absolute Return I Acc.5% Past performance is not a guide to future performance. The value of investments and any income from them 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. 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. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk. evalue risk tolerance scores are based on a 1-year time horizon. The mappings are only for use by financial advisers licensed to use evalue s risk profiling system and does not constitute financial advice. It is the responsibility of the adviser to select the correct model appropriate for the client s time horizon and objective. The opinions expressed are not necessarily the views held throughout Brewin Dolphin Ltd. The Estimated Annual Yield figure is based on reasonable assumptions supported by objective data and is no guarantee of future performance. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 3/11/216. 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: 124444).
MANAGED PORTFOLIO SERVICE Global Equity February 218 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. February 218 1 Mth 3 Mths 6 Mths YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 217 216 215 214 213 212 211 21 SI (p.a)¹ Global Equity Global Equity Composite -1.9.2 1.6-1.7 7.3 32.9 3.7 42. 63.7 12.9 17.3 5.8 5.2 24.2 13.1-6.2 2.2 12.5-2.1.2.9-2.9 5.9 33.6 26.9 38.3 53.8 12.7 19.9 2.2 4.4 2.3 11.7-4. 14.5 11.5 Relative.2..7 1.2 1.4 -.7 3.8 3.7 9.9.2-2.6 3.6.8 3.9 1.4-2.2 5.7 1. Performance Calculation: All income is reinvested. Performance is shown inclusive of underlying fund charges but gross of Brewin Dolphin s 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. 1 Inception Date of 19/6/29, quoted on an annualised basis. Global Equity The portfolio s objective is to provide outperformance of a bespoke Global Equity Index (5% cash, 65% UK shares, 3% 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 February saw the re-emergence of volatility as equity markets initially reacted badly to strong growth figures in the US labour market. This triggered inflation fears and sharper interest rate rises by the US Federal Reserve. However, the falls were further exasperated by investors betting on low volatility products which had attracted significant inflows prior to the selloff. The falls hit most major equity markets though the weakness of sterling helped to limit some of these falls. Despite this, US economic fundamentals remained strong with unemployment at a 17-year low of 4.1% and US economic growth running at a 2.6%. This compares favourably with UK where GDP at 1.8% annualised is the lowest rate since 212. In Europe GDP of 2.5% has been supported by the ECB s stimulus programme. Strong performance from stock selection in the UK and USA assisted returns with Bailie Gifford American and Lindsell Train UK Equity Income the key contributors whilst Aviva US was the main detractor. The portfolio outperformed the WMA which fell 2.1%. Information Global Equity Composite Investment Management Charge (p.a).3%+vat Fund Underlying OCFs.63 Estimated Annual Yield 1.76 An Investment Administration Charge is applicable. Please refer to your investment adviser or investment administrator for details. Performance Since Inception 2 15 1 5-5 May 29 Nov 29 May 21 Nov 21 May 211 Nov 211 May 212 Nov 212 May 213 Nov 213 May 214 Nov 214 May 215 Global Equity Composite (158.7) Nov 215 May 216 Nov 216 MPS Global Equity Performance on TRANSACT (18.4) MPS Global Equity Historic Performance 18.4 158.7 May 217 Nov 217
Brewin Dolphin Managed Service Global Equity February 218 Asset Allocation as at 28 February 218 Performance One Year 1 9 8 7 6 5 4 3 2 1 Feb 217 Mar 217 Statistics Apr 217 May 217 Jun 217 Jul 217 Aug 217 Inception Volatility 1.3 Inception Volatility 1.6 Inception Information Ratio.3 Tracking Error 3.6 Sep 217 Oct 217 Nov 217 Dec 217 Global Equity Composite (5.9) MPS Global Equity Performance on TRANSACT (7.3) MPS Global Equity Historic Performance Jan 218 Feb 218 7.3 5.9 Holdings as at 28 February 218 MI Select Managers UK Equity Instl Inc 14.3% JPM UK Equity Core - 14.3% Vanguard US Equity Index Inc 9.5% Fidelity Index UK P Inc 8.1% Man GLG Undervalued Assets Profl Inc D 8.% Baillie Gifford American B Inc 7.% Investec UK Alpha I Inc Net 6.5% Threadneedle UK Eq Inc Z Inc GBP 5.% LF Lindsell Train UK Equity Inc 4.3% MI Select Managers NA Equity Instl Inc 4.% JPM US Equity Income - 4.% Threadneedle European Sel Z Inc GBP 4.% Stewart Investors AsiaPac Ldrs B Acc GBP 3.5% Troy Trojan Income O Inc 3.% JOHCM Continental European Y GBP Inc 3.% Aviva Investors US Equity Inc II 2 Inc 3.% Fidelity Emerging Markets W Acc 2.5% Hermes Asia Ex Japan Equity F GBP Inc 2.5% Old Mutual UK Smaller Coms R GBP Acc 2.% Fundsmith Equity I Inc 2.% Cash 2.% Liontrust Special Situations I Inc 1.8% Schroder Tokyo Z Inc 1.5% Baillie Gifford Japanese B Inc 1.5% Legg Mason CB US Agrsv Gr X GBP Acc 1.% 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 and any income from them 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. 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. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy which is available on request or can be accessed via our website at www.brewin.co.uk. evalue risk tolerance scores are based on a 1-year time horizon. The mappings are only for use by financial advisers licensed to use evalue s risk profiling system and does not constitute financial advice. It is the responsibility of the adviser to select the correct model appropriate for the client s time horizon and objective. The opinions expressed are not necessarily the views held throughout Brewin Dolphin Ltd. The Estimated Annual Yield figure is based on reasonable assumptions supported by objective data and is no guarantee of future performance. FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds strategic asset allocations as at 3/11/216. 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: 124444).