Aim of Portfolio:

The Portfolio looks to deliver above inflation return (capital growth) through a combination of fixed interest, equity and property investments, but with a higher weighting to equities.

Portfolio Review:

Quarterly Portfolio UpdateJuly 2021
Quarterly Market UpdateJuly 2021
Morningstar Quarter 2 2021 Portfolio OverviewJuly 2021
Quarterly Portfolio UpdateApril 2021
Quarterly Market UpdateApril 2021
Morningstar Quarter 1 2021 Portfolio OverviewApril 2021
Quarterly Portfolio UpdateJanuary 2021
Quarterly Market UpdateJanuary 2021
Morningstar Quarter 4 2020 Portfolio OverviewJanuary 2021
Quarterly Portfolio UpdateOctober 2020
Quarterly Market UpdateOctober 2020
Morningstar Quarter 3 2020 Portfolio Overview October 2020

Risk and benchmark performance of Portfolio:

The Portfolio has a higher content of equity exposure compared to all the other Portfolios we offer. Currently the Portfolio holds approximately 6% in assets such as fixed interest and absolute return funds, with the balance in equity funds which can include property. We believe this is the best way to provide potential upside growth with a much higher level of risk, however there is less protection against downside risk.

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Performance:

The Portfolio was launched on the 1 January 2009 and the total return up to 30 June 2021 is 334.59% (12.48% p.a.) against a benchmark return of 183.54% (8.70% p.a.). A detailed breakdown of the performance is shown below.

Standardised Performance

1 Yr to 30/06/171 Yr to 30/06/181 Yr to 30/06/191 Yr to 30/06/201 Yr to 30/06/21
Adventurous29.64%11.68%2.32%2.09%29.97%
Benchmark17.72%6.63%5.75%0.58%24.60%

12 Months Total Return (bid to bid) Source: Morningstar, net income reinvested.

201620172018201920202021
Adventurous19.64%21.89%-7.99%21.15%16.62%7.18%
Benchmark20.01%12.85%-5.99%18.02%9.40%9.11%

Performance from 31 December 2008 to 30 June 2021. 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 within the Portfolio (as at 1 July 2021):

Fund NamePercentage Holding
Diversifying Assets12.00%
Schroder Global Cities Real Estate Fund2.50%KIID
TR Property Investment Trust2.50%Documents
3i Infrastructure3.00%Documents
AHFM Defined Returns Fund Fund4.00%KIID
Equity Exposure88%
Standard Life UK Smaller Companies Trust5.00%Documents
AXA Framlington UK Smaller Companies Fund5.00%KIID
Janus Henderson European Smaller Companies Fund4.00%KIID
LF Miton European Opportunities Fund4.00%KIID
AXA Framlington American Growth Fund3.00%KIID
Artemis US Smaller Companies Fund5.00%KIID
L&G US Index Fund5.00%KIID
Scottish Mortgage Investment Trust PLC5.00%Documents
Standard Life Global Smaller Companies Fund3.00%KIID
Baillie Gifford Global Discovery Fund5.00%KIID
Morgan Stanley Global Brands Fund3.00%KIID
International Biotechnology Trust4.00%Documents
Polar Capital Technology Trust4.00%Documents
Ninety-One Global Enviroment Fund4.00%KIID
Morgan Stanley Asia Opportunity Fund5.00%KIID
Matthews Asia Funds – Asia Ex Japan Dividend Fund4.00%KIID
Templeton Emerging Markets Investment Trust4.00%Documents
FP Carmignac Emerging Markets Fund5.00%KIID
ASI China A Share Equity Fund4.00%KIID
Matthews Asia Funds – China Small Companies Fund4.00%KIID
Legg Mason IF Japan Equity Fund3.00%KIID

Important notes

Performance

The performance for the portfolio is based on the previous and current 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 Adventurous Portfolio has now been split into the Moderately Adventurous Portfolio and Adventurous 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 0.65% 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 2.05% p.a. (for a fund of £100,000 this would be £2,050 p.a.) This means that the drag on performance is around 1.40% p.a. (for a fund of £100,000 this would be £1,400 p.a.) So in 2017 the return was 21.89%, the net return after rebates and fees would have been 20.49%. 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.

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.