High Yield Investment Strategy


Investment Strategy : High Yield


The main objective of the High Yield Investment Strategy is to produce an annual income of 4%. In seeking to achieve this the portfolio will consist of a broad range of different income producing investments some of which will also have the potential to deliver capital growth over the medium to long term.

The portfolio will typically hold between 35% to 50% in lower risk investments and will not hold more than 15% in higher risk investments.

The portfolio is benchmarked against MSCI WMA Private Investor Income Index.


Cumulative Total Return Performance

Return %
Return %
Return %
JB High Yield Portfolio* -2.59 -0.06 21.47
MSCI PIMFA Private Investor
Income Index
-0.95 10.04 32.21
Cboe UK All Companies Index -13.60 -5.12 14.19
MCSI AC World Ex UK Index 5.84 27.08 77.64
Markit iBoxx Sterling Gilt
Overall Index
12.31 20.55 36.21

Discrete 1 Year Total Returns Performance

INDEX Jun 2020
Return %
Jun 2019
Return %
Jun 2018
Return %
Jun 2017
Return %
Jun 2016
Return %
JB High Yield Portfolio* -2.59 2.07 2.64 13.75 6.85
MSCI PIMFA Private Investor
Income Index
-0.95 4.64 6.16 11.45 7.81
Cboe UK All Companies Index -13.60 0.28 9.52 18.34 1.70
MCSI AC World Ex UK Index 5.84 10.17 10.01 22.74 16.06
Markit iBoxx Sterling Gilt
Overall Index
12.31 5.23 2.00 -0.96 14.09

Source: FE Analytics and ICE. All performance figures shown are Total Return. As at 30th June 2020.
*Source: James Brearley

Total return performance has been calculated up until December 2015 by assuming the receipt of a quarter of the projected income every 3 months with this being reinvested into two model positions at half yearly intervals. Since this point in time we have held the accumulation share class of a fund wherever possible, the projected income from the other positions being re-invested on a quarterly basis as part of a general re-balance exercise.

Any performance information shown represents model portfolios which are periodically restructured and/or rebalanced. Although the model portfolios are representative of a client’s individual portfolio, the actual returns may vary from the model portfolio returns shown. In addition, model portfolio performance quoted does not take into consideration the cost of investing and /or management fees. The returns achieved by a client may be lower than the returns shown above. Although the model portfolios are representative of a client’s individual portfolio the asset allocation of and the investments held in a client’s individual portfolio may differ.


Asset Allocation Summary (30/06/2020) %

  • Bonds
  • Property, Hedge & Other
  • UK Funds
  • Overseas
  • Specialist & Multi-asset
  • Cash

Overall Risk Summary (30/06/2020) %

  • Lower Risk
  • Medium Risk
  • HIgher Risk


Top 10 Largest Holdings Weighting %
MS FTSE 100 Range Accrual 6.0
Baillie Gifford Strategic Bond 4.5
The Renewables Infrastructure Group 4.5
Fidelity Multi Asset Income 4.5
Rathbone Ethical Bond 4.0
Artemis Strategic Bond 4.0
Royal London Global Bond Opportunities 4.0
Trojan Global Income 4.0
Fundsmith Equity 4.0
iShares Corporate Bond 3.5
Total 43.0


Investing in stockmarket based investments may not be right for all investors. You should consider carefully and/or seek professional guidance before investing. Please remember that past performance should not be seen as a guide to future performance. The value of an investment and any income from it can fall as well as rise as a result of market and currency movements and you may not get back the amount you originally invested.