Aim of Portfolio:
The portfolio looks to deliver a return of between 6% and 8% gross over the long term. This should, in a normalised environment, be above the higher rate of cash or inflation.
Portfolio Review:
Risk and benchmark performance of Portfolio:
Key points:
- The portfolio holds a higher content of equities compared to the Cautious Portfolio, but less than the adventurous portfolios.
- Currently the portfolio holds approximately 40% in diversifying assets such as fixed interest, property, infrastructure and multi asset strategies, with the balance in equity funds. We believe this is the best way to provide potential upside growth as well as providing equal weight between risk and reward.
- The benchmark is based on a basket of index strategies.
- We consider the long term as 10 years plus.
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Performance:
The Portfolio was launched on 1 January 2009. The chart shows the total return up to 31 March 2023.
| 10-year Annualised Return | Total Return Since Launch | Annualised Return Since Launch | |
| Balanced Portfolio | 5.93% p.a. | 233.48% | 8.59% p.a. |
| LWM Benchmark | 4.70% p.a. | 133.83% | 6.14% p.a. |
| 2019 | 2020 | 2021 | 2022 | 2023 | Since Launch | |
| Balanced Portfolio | 18.78% | 11.78% | 11.18% | -18.61% | 0.68% | 8.59% p.a. |
| LWM Benchmark | 15.52% | 7.01% | 9.91% | -13.06% | 4.55% | 6.14% p.a. |
| 1 Year to 31/03/19 | 1 Year to 31/03/20 | 1 Year to 31/03/21 | 1 Year to 31/03/22 | 1 Year to 31/03/23 | |
| Balanced Portfolio | 2.94% | -9.64% | 36.63% | 1.83% | -10.39% |
| LWM Benchmark | 3.24% | -5.58% | 24.68% | 2.59% | -4.97% |
Volatility
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):
Read portfolio review 2023 summary.
Split by funds within the Portfolio (as at 1 July 2022):
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 0.66% 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 2.06% p.a. (on a fund of £100,000 this would be £2,060 p.a.) This means that the drag on performance is around 1.40% p.a. (on a fund of £100,000 this would be £1,400 p.a.) So in 2021 the return was 11.14%, the net return after rebates and fees would have been 9.74%. 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.