Defensive Investment Strategy

Investment Icons Defensive

Investment Strategy : Defensive

OBJECTIVES:

The Defensive Investment Strategy is specifically designed for clients who specify a Lower Risk mandate. The portfolio will maintain at least a 40% exposure to lower risk investments and will not hold more than 15% in higher risk investments.

The portfolio is benchmarked against the MSCI PIMFA Private Investor Income Index

PERFORMANCE:

Cumulative Total Return Performance

INDEX 1y
Total
Return %
3y
Total
Return %
5y
Total
Return %
10y
Total
Return %
JB Defensive Portfolio* 2.63 3.01 31.34 54.96
MSCI PIMFA Private Investor
Income Index
4.03 10.95 40.86 64.22
Cboe UK All Companies Index 10.85 24.33 78.19 82.16
MSCI AC World Ex UK Index 4.63 24.52 95.23 173.87

Discrete 1 Year Total Returns Performance

INDEX Mar 2025
Total
Return %
Mar 2024
Total
Return %
Mar 2023
Total
Return %
Mar 2022
Total
Return %
Mar 2021
Total
Return %
JB Defensive Portfolio* 2.63 9.40 -8.25 4.68 21.80
MSCI PIMFA Private Investor
Income Index
4.03 10.94 -3.86 6.08 19.68
Cboe UK All Companies Index 10.50 8.41 3.78 13.21 26.60
MSCI AC World Ex UK Index 4.63 75.26 -1.43 12.16 40.38

Source: FE Analytics and ICE. All performance figures shown are Total Return. As at 31st March 2025.
*Source: James Brearley

Total return performance has been calculated by adding in the projected income from the other positions being re-invested on a quarterly basis as part of a general re-balance exercise. 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.

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 (31/03/2025) (%)

Overall Risk Summary (31/03/2025) (%)

CURRENT PORTFOLIO: TOP 10 LARGEST HOLDINGS

Top 10 Largest Holdings Weighting %
Artemis Strategic Bond 4.5
Nomura Global Dynamic Bond 5.5
Royal London Global Bond Opportunities 5
Vanguard Global Bond Index 4
Man GLG Sterling Corporate Bond Professional 5
Fidelity Short Dated Corporate Bond 4
Trojan X Inc 4
Man GLG Absolute Value 4
Atlantic House Defined Returns Fund 5.5
Tritax Big Box REIT 3
Total 44.5

IMPORTANT INFORMATION

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.