Who is it for
Portfolio breakdown
Fidelity Global Dividend
Manager Dan Roberts not only seeks to provide a combination of income and capital growth, but also focuses on wealth preservation.
CFP SDL UK Buffettology
This fund aims to replicate the investment style of legendary value investor Warren Buffett.
Fundsmith
Provides exposure to large global companies with strong brands.
Artemis Global Growth Fund I Acc
Aims to provide capital growth from a diversified portfolio investing in any economic sector in any part of the world.
Capital Gearing Trust
Heavily weighted to bonds, but is completely flexible in its asset allocation and has an absolute return objective.
F&C Investment Trust
Seeks to secure long-term growth in capital and income from an international diversified portfolio of listed equities, as well as unlisted securities and private equity with gearing.
Jupiter Strategic Bond
Risk-averse bond fund is a good fit for a medium-risk portfolio. Strategic bond funds can dig out the best opportunities from across the fixed income universe
Why these funds were selected
To provide this portfolio with a good foundation of UK holdings, we have selected Capital Gearing Trust and CFP SDL UK Buffettology. Capital Gearing is heavily weighted to bonds, but it is completely flexible in its asset allocation and has an absolute return objective, while CFP SDL UK Buffettology provides broad exposure to mid and smaller cap companies.
Given the uncertainties over how Brexit will pan out, we have taken some UK equity exposure off the table and recycled the proceeds into global equities. This led to swapping Witan IT for F&C Trust. While both operate on a global scale, Witan has a third of its assets in the UK, while F&C has less than 7% in the UK.
We have removed the HSBC FTSE All Share Index in favour of Artemis Global Growth. To spread risk further and extend the scope for potential gains, another internationally invested fund, Fundsmith Equity, is also included. Fidelity Global Dividend seeks to provide a mix of income and capital with wealth preservation in mind. Each is managed in a somewhat different way so they should give investors the opportunity to benefit from different investment approaches.
Holding in Royal London Sustainable Diversified was increased in June and currently represents a 14.7% portfolio weighting.
Model Portfolio Bravo performance 1 February 2019
Total return (%) over: | ||||||
---|---|---|---|---|---|---|
1 mth | 6 mths | 1 year | 3 yrs | 5 yrs | Inception | |
% | % | % | % | % | % | |
Bravo | 3.5 | -4.5 | 0.9 | 45.0 | 68.7 | 112.2 |
FTSE All Share | 4.2 | -8.4 | -3.8 | 28.5 | 31.2 | 72.6 |
FTSE UK Private Investor Growth | -4.1 | -4.0 | -0.1 | 34.3 | 48.1 | 86.2 |
Timeline
2019
-
Buy
JUPITER STRATEGIC BOND
January 2019Added strategic bond as replacement for Royal London Sustainable Diversified Trust as the portfolio is already well diversified in equities
-
Sell
ROYAL LONDON SUSTAINABLE DIVERSIFIED TRUST
January 2019Replacing with pure bond fund - Jupiter Strategic Bond
2018
-
Sell
Witan Investment Trust plc
October 2018To take some UK equity exposure off the table - Witan has one-third of its assets in the UK.
-
Sell
HSBC FTSE All Share Index Ret Acc
October 2018Swapped for Artemis Global Growth.
-
Buy
Artemis Global Growth Fund I Acc
October 2018Has held Money Observer Rated Fund status in every year since 2014.
-
Buy
F&C Investment Trust
October 2018Dynamic asset allocation approach, including exposure to private equity, and just 6.6% of its assets in the UK.
-
Buy
ROYAL LONDON SUSTAINABLE DIVERSIFIED TRUST
June 2018Increased portfolio weighting by 5 per cent
-
Buy
CFP SDL UK BUFFETTOLOGY
June 2018Replaces the more volatile Mercantile trust
-
Sell
MERCANTILE
June 2018Because of its focus on medium and small UK companies it is relatively volatile, so replaced with CFP SDL UK Buffettology
-
Buy
FIDELITY GLOBAL DIVIDEND
June 2018Provides a combination of income and capital growth, but also focuses on wealth preservation
-
Sell
ARDEVORA GLOBAL EQUITY
June 2018Better suited to a higher-risk portfolio than to this medium-risk line-up
-
Buy
ROYAL LONDON SUSTAINABLE DIVERSIFIED
January 2018Reduced holding in Mercantile IT and HSBC FTSE and used proceeds to buy Royal London Sustainable Diversified for a 10% portfolio weighting.
2017
-
Buy
CAPITAL GEARING TRUST
June 2017Heavily weighted to bonds, but is completely flexible in its asset allocation and has an absolute return objective.
-
Sell
KAMES ETHICAL CAUTIOUS MANAGED
January 2017
2016
-
Sell
EDENTREE UK EQUITY GROWTH
July 2016Change of manager in 2015 and disappointing performance since start of 2016
-
Buy
MERCANTILE
July 2016To take advantage, post-Brexit, of the lower valuations of small and mid-cap firms held in this well-regarded trust
2015
-
Sell
NEWTON REAL RETURN
July 2015Pedestrian performance
-
Buy
KAMES ETHICAL CAUTIOUS MANAGED
July 2015To gain from this fund's greater growth potential but still relatively low risk approach
2013
-
Sell
TROY SPECTRUM
October 2013Disappointing performance.
-
Buy
FUNDSMITH EQUITY
October 2013To gain from fund's exposure to large global companies with strong brands.
2012
-
Buy
ARTEMIS STRATEGIC ASSETS
January 2012To provide absolute returns in all market conditions.
-
Buy
HSBC FTSE ALL-SHARE INDEX
January 2012To provide broad exposure to UK companies of all sizes without manager risk.
-
Buy
MONKS
January 2012To provide global exposure and benefit from the trust's significant exposure to Asia Pacific and Emerging Markets.
-
Buy
NEWTON REAL RETURN
January 2012To provide absolute returns in all market conditions.
-
Buy
TROY SPECTRUM
January 2012To provide global diversification gained through fund of funds approach, with emphasis on capital preservation.
-
Buy
WITAN
January 2012To provide global diversification gained through fund of funds approach.