LWM Defensive Growth

Aim of fund:

The portfolio looks to deliver above inflation returns (capital growth) through a combination of fixed interest, equity and property investments.

Portfolio Review:

Quarterly Portfolio UpdateApril 2018
Quarterly Market UpdateApril 2018
Morningstar Quarter 1 2018 Portfolio OverviewApril 2018
Quarterly Portfolio UpdateJanuary 2018
Quarterly Market UpdateJanuary 2018
Morningstar Quarter 4 2017 Portfolio OverviewJanuary 2018
Quarterly Portfolio UpdateOctober 2017
Quarterly Market UpdateOctober 2017
Morningstar Quarter 3 2017 Portfolio OverviewOctober 2017
Quarterly Portfolio UpdateJuly 2017
Quarterly Market UpdateJuly 2017
Morningstar Quarter 2 2017 Portfolio OverviewJuly 2017

Risk and benchmark performance of fund:

The portfolio holds 55% in assets such as fixed interest and absolute return funds, with the rest in equity funds which can include property. We believe this is the best way to provide potential upside growth as well as protection against downside fluctuations.

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Performance

The Portfolio was launched on the 1 July 2011 and the total return up to 31 March 2018 is 42.67% (5.41% p.a.) against a benchmark return of 44.06% (5.56% p.a.). A detailed breakdown of the performance is shown below.

Standardised Performance


 1 Yr to 31/03/141 Yr to 31/03/151 Yr to 31/03/161 Yr to 31/03/171 Yr to 31/03/18
Defensive0.91%12.21%-2.19%12.72%1.10%
Benchmark-0.65%13.76%-0.21%11.49%0.28%

12 Months Total Return (bid to bid) Source: Morningstar, net income reinvested.
 201320142015201620172018
Defensive7.18%6.50%3.29%10.14%7.83%-3.81%
Benchmark3.21%10.32%1.47%12.42%5.96%-3.03%

Performance from 30 June 2011 to 31 March 2018. No data shown for 2011. Source: Morningstar, on an bid to bid basis with net income reinvested.

You should note that past performance is not a reliable indicator of future returns and the value of your investments can fall as well as rise. The total return reflects performance without sales charges or the effects of taxation, but is adjusted to reflect all on-going fund expenses and assumes reinvestment of dividends and capital gains. If adjusted for sales charges and the effects of taxation, the performance quoted would be reduced.

Split by funds:

Fund Name
Percentage Holding
Fixed Interest / Absolute Return55%
Invesco Perpetual Global Targeted Returns Fund8%FactsheetKID
Standard Life Global Absolute Return Strategies Fund30%FactsheetKID
Jupiter Absolute Return Fund4%FactsheetKID
Threadneedle Dynamic Real Return Fund8%FactsheetKID
Threadneedle Emerging Market Bond Fund5%FactsheetKID
Property12%
First State Global Property Securities Fund2%FactsheetKID
TR Property Investment Trust3%FactsheetDocuments
Schroder Global Property Income Maximiser Fund7%FactsheetKID
UK Equities8%
BlackRock UK Income Fund4%FactsheetKID
Standard Life UK Equity Income Unconstrained Fund4%FactsheetKID
US Equities
6%
L&G US Index Trust4%FactsheetKID
First Trust US Large Cap Core AlphaDex UCITS ETF2%FactsheetKID
European Equities
6%
Schroder European Alpha Income Fund2%FactsheetKID
Baillie Gifford European Fund2%FactsheetKID
Artemis European Opportunities Fund2%FactsheetKID
Japanese Equities
3%
Neptune Japan Opportunities Fund1.5%FactsheetKID
JP Morgan Japanese Investment Trust1.5%FactsheetDocuments
Far East (ex Japan) Equities
3%
Liontrust Asia Income Fund3%FactsheetKID
Emerging Markets Equities
3%
Utilico Emerging Markets3%FactsheetDocuments
Global Equities
4%
Artemis Global Income Fund2%FactsheetKID
M&G Global Dividends Fund2%FactsheetKID

Important notes

 

Performance

The performance for the portfolio is based on the previous holdings for the portfolio. Data for performance is sourced from Morningstar. These figures are provided to give an indication of the performance of the portfolio. The performance figures take into account all fund / asset charges but do not reflect any additional charges, for example the cost of the investment plan and fees paid to LWM. These expenses may reduce the actual figures shown.

As an example of how this will impact on the performance, assuming the total gross cost of the portfolio is 0.70% p.a. (this is reflected in the performance figures shown), then after rebates and reflecting any fees payable to LWM Consultants the actual cost of this portfolio could be 2.10% p.a. (on a fund of £100,000 this would be £2,100 p.a.). This means that the drag on performance is around 1.40% p.a. (on £100,000 this is around £1,400 p.a.). So in the twelve months to the end of December 2017 the return was 7.83%, the net return after rebates and fees would have been 6.43%. This is an indication of costs as the assets and therefore the costs will move. The cost of accessing the funds may be higher via other routes and will include additional fees, the estimate is based on the highest charge via a SIPP and for other investments the charge will be lower. Charges may also reduce depending on the size of the assets held.

You should note that past performance is not a reliable indicator of future returns and the value of your investments can fall as well as rise. LWM only invests in UK based investments although some funds / assets may have overseas holdings, the performance of funds / assets where some holdings are denominated in foreign currencies will also be subject to variations in currency rates.

Factsheets

These factsheets are provided by third parties for information. LWM is not responsible for these factsheets, has not reviewed them, and accepts no liability in connection with your use of them or any of their content. These factsheets display the fund manager’s standard retail charges and please note that product charges and fees may replace the charges displayed.