Aim of Portfolio:
To deliver a yield of 2.5% + p.a., with an element of growth. It can hold up to 20% in non-yielding strategies.
Portfolio Review:
| Quarterly Portfolio Update | April 2023 |
| Quarterly Market Update | April 2023 |
| FE Analytics Overview | April 2023 |
Risk and benchmark performance of Portfolio:
Key points
- The current yield is 4.06 p.a. This is not guaranteed.
- The investments include exclusionary policies which means certain sectors will not be held within the portfolio.
- The strategy invests across ethical, sustainable, responsible and impact investments. This will include investment trusts.
- We consider the long term as 10 years plus.
- The strategy doesn’t have a specific benchmark.
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Making a difference
We use analysis from BlackRock for the portfolio. The latest data is shown below based on the holdings as at 1 July 2023.
Performance:
The Portfolio was launched on 1 July 2022. The chart shows the total return up to 31 March 2023.
| Total Return Since Launch | |
| Income Positive Impact Portfolio | 0.95% |
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 within the Portfolio (as at 1 July 2023):
| Fund Name | Percentage Holding | |
|---|---|---|
| Fixed Interest | 20.00% | |
| Liontrust Sustainable Future Monthly Income Bond Fund | 10.00% | KIID |
| Rathbone Ethical Bond Fund | 10.00% | KIID |
| Specialist | 32.00% | |
| VT Gravis Clean Energy Income Fund | 5.00% | KIID |
| Ecofin Global Utilities and Infrastructure Trust | 4.00% | Documents |
| Greencoat UK Wind PLC | 5.00% | Documents |
| Impact Healthcare REIT | 4.00% | Documents |
| Renewables Infrastructure | 5.00% | Documents |
| JLEN Environmental Assets Group Limited | 5.00% | Documents |
| Premier Miton Global Renewables Trust | 4.00% | Documents |
| UK | 12.00% | |
| Janus Henderson UK Responsible Income Fund | 4.00% | KIID |
| Trojan Ethical Income Fund | 4.00% | KIID |
| Unicorn UK Ethical Income Fund | 4.00% | KIID |
| US | 6.00% | |
| BlackRock Sustainabe American Income Trust | 6.00% | Documents |
| Global | 25.00% | |
| Impax Enviromental Markets | 5.00% | Documents |
| Ninety One Global Enviromental Fund | 4.00% | KIID |
| Sarasin Responsible Global Equity Fund | 4.00% | KIID |
| BNY Sustainable Global Equity Income Fund | 6.00% | KIID |
| Premier Miton Sustainable Optimum Income Fund | 6.00% | KIID |
| Emerging Markets | 5.00% | |
| Carmignac Emerging Markets Fund | 5.00% | KIID |
Split by funds within the Portfolio (as at 1 July 2022):
| Fund Name | Percentage Holding | |
|---|---|---|
| Fixed Interest | 20.00% | |
| Liontrust Sustainable Future Monthly Income Bond Fund | 10.00% | KIID |
| Rathbone Ethical Bond Fund | 10.00% | KIID |
| Specialist | 32.00% | |
| VT Gravis Clean Energy Income Fund | 5.00% | KIID |
| Ecofin Global Utilities and Infrastructure Trust | 4.00% | Documents |
| Greencoat UK Wind PLC | 5.00% | Documents |
| Impact Healthcare REIT | 4.00% | Documents |
| Renewables Infrastructure | 5.00% | Documents |
| JLEN Environmental Assets Group Limited | 5.00% | Documents |
| Premier Miton Global Renewables Trust | 4.00% | Documents |
| UK | 12.00% | |
| Janus Henderson UK Responsible Income Fund | 4.00% | KIID |
| Trojan Ethical Income Fund | 4.00% | KIID |
| Unicorn UK Ethical Income Fund | 4.00% | KIID |
| US | 6.00% | |
| BlackRock Sustainabe American Income Trust | 6.00% | Documents |
| Global | 25.00% | |
| Impax Enviromental Markets | 5.00% | Documents |
| Ninety One Global Enviromental Fund | 4.00% | KIID |
| Sarasin Responsible Global Equity Fund | 4.00% | KIID |
| BNY Sustainable Global Equity Income Fund | 6.00% | KIID |
| Premier Miton Sustainable Optimum Income Fund | 6.00% | KIID |
| Emerging Markets | 5.00% | |
| Carmignac Emerging Markets Fund | 5.00% | KIID |
Important notes
Performance
The performance for the portfolio is based on the previous holdings of 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 1.09% 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 2.45% p.a. (assuming a fund of £100,000 this would be £2,450 p.a.) This means that the drag on performance is around 1.36% p.a. (assuming a fund of £100,000 this would be £1,360 p.a.). This is an indication of costs as the assets and 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.