B A L A N C E D I N C O M EP O R T F O L I O

R I S K

6E D I T I O N 3 1 June 2019

EDITION 31 June 2019

You are aiming for higher long term returns & accept

poorer performance.You accept the risk of a greater than moderate loss.

Potential return of 26.03%& potential loss of -15.72%

The Balanced Income Portfolio is a valuestyle strategy. It is aimed at medium to long terminvestors who are seeking a sustainable level of income within a balanced portfolio along with agenuine prospect of income and capital growth.

The chosen investment funds can invest in UK andoverseas equities, commercial property, cash andfixed interest securities. They are actively managedby leading fund managers to maximise total returnwhilst maintaining control of risk.

The Balanced Income Portfolio performanceis benchmarked against the average performance ofthe IA Investment 20%–60% sector. The Balanced Income Portfolio has a risk rating and investor profile of 6 out of 10.

EDITION 31 June 2019

Potential return of 26.03%& potential loss of -15.72%.

R I S K

Managed daily by our personally selected fund managers.

A C T I V E

Held in risk to drive growth, vs the stability of bonds & property.

E Q U I T Y

82

Financial Advice & Wealth Management

46

%

%

6

www.estatecapital.co.uk

BALANCED INCOMEP O R T F O L I O

Income from assets eitherdistributed or reinvested.

Y I E L D 3.43%

2

The weighted total costfor the portfolio includingmanagement, trading &research costs.

F E E S

0.78%

81 2 3 4 5 6 7 8 9 10

3

BenchmarkIA Mixed Investment 20%-60%

A risk level 5 investor should be prepared to accept annual returns somewhere within the range of a -15.72% loss and a 26.03% gain — returns withinthis range would be expected 95% of the time. It should be remembered that there is a 5% chance that risk level 5 portfolios will experience an annual return outside this range — this means an investor may experience losses greater than -15.72% or gains greater than 26.03% at some point(s) during their investment in one year.

Risk

Prospective Risk Level

Asset Allocation

EDITION 31 June 2019 Financial Advice & Wealth Management

In 95 years out of 100, this is the highest expected level of return for a given level of risk. There is a 2.5% chance that returns could fall outside theupper return figure in one year.

This is the average of all possible returns within a risk level in one year.

In 95 years out of 100, this is the lowest expected level of return for a given level of risk. There is a 2.5% chance that returns could fall outside the lower return figure in one year.

26.03%

5.16%

-15.72%

Upper Return

Average of All Returns

Lower Return

Range of Returns

Money Markets

FixedInterest

Property UKEquity

USEquity

EuropeanEquity

AsianEquity

JapanEquity

GlobalEquity

OtherAssets

Balanced Income 12% 34% 8% 20% 11% 2% 8% 3% 2% 0%

9% 37% 2% 15% 6% 4% 2% 1% 12% 12%

It is important to remember the figures are not intended to be and should not be taken as a projection of the likely returns from the

portfolio risk levels. This is intended to support the risk discussion following the completion of a risk profile questionnaire. They show

the implied volatility and mean expected return of risk levels 1 to 10 to two standard deviations in one year (ie all returns are expected

to be between these extremes in 95 years out of 100; this is often described as a 95% confidence level). The figures shown are the

expected arithmetic average returns and the ranges assume that returns are based on a log normal distribution. Figures are shown net of

tax and underlying manager fees.

Diff erencePortfolio v Benchmark

3% -3% 6% 5% 5% -2% 6% 2% -10% -12%

1 2 3 4 5 6 7 8 9 10

Historic Risk Level

31/05/18 31/05/17 31/05/16 31/05/1531/05/19

4

KEY BenchmarkBalanced Income Automated Switch

EDITION 31 June 2019www.estatecapital.co.uk

BenchmarkIA Mixed Investment 20%-60%

Discrete Performance to Month End Shown: % Growth to 10/06/2019

6 months %

Cumulative Performance: % Growth to 10/06/2019

1 year % 2 years % 3 years % 5 years %

Balanced Income 4.93 0.60 3.80 21.47 -

BenchmarkIA Mixed Investment 20%-60%

Diff erencePortfolio vs Benchmark

5.08 1.07 3.52 17.47 23.73

-0.15 -0.47 0.28 4.00 -

Cumulative performance chart shows % growth from 10.06.2016 to 10.06.2019 calculated using bid prices with income re-invested

into the fund net of tax. The cumulative performance chart shows how the portfolio has performed against the benchmark taking into

account the changing composition of the portfolio over the period of time shown.

Cumulative Performance Chart

Powered by data from FE

Perc

enta

ge G

row

th

Diff erencePortfolio vs Benchmark

Balanced Income -0.33 2.72 17.57 - -

0.41 2.22 14.20 -2.46 7.61

-0.74 0.50 3.37 - -

-5%

0%

5%

10%

15%

20%

25%

5

AXA US Short Duration High Yield Bond

BlackRock Cash

BNY Mellon Global Income

Fidelity Asian Dividend

Franklin UK Equity Income

iShares Global Property Securities Equity Index

Janus Henderson Fixed Interest Monthly Income

Janus Henderson Strategic Bond

JPM Emerging Markets Income

JPM US Equity Income

Jupiter Japan Income

M&G Emerging Market Bond

M&G Global Macro Bond

Neptune Income

Royal London Short Duration Credit

Royal London Short Duration Gbl High Yield Bond

Royal London Sterling Extra Yield Bond

Royal London UK Equity Income

Threadneedle High Yield Bond

Threadneedle UK Equity Income

MI TwentyFour Dynamic Bond

EDITION 31 June 2019 Financial Advice & Wealth Management

Individual Fund’s Performance To 10/06/2019 Cumulative Performance: % Growth

Fund Manager

%Holding

Fund 6 months%

1 year%

2 years%

3 years%

5 years%

Performance Ratios Over 1 Year

Volatility Alpha Beta Sharpe InformationRatio

WeightedAverage TER

Max Loss Max Gain NegativePeriods

Positive-Periods

5.15 0.93 0.99 0.56 0.80 0.78 -5.63 9.13 14 22

3.27

0.14

11.52

13.65

12.50

8.66

8.05

6.35

10.43

8.78

6.61

10.86

5.22

10.14

3.35

2.57

4.30

11.24

6.00

6.46

4.75

3.21

0.22

15.63

11.98

1.58

14.96

7.77

6.46

7.74

13.27

-4.90

13.36

9.86

1.33

3.42

3.01

4.83

-2.02

4.34

-3.90

2.99

3.57

0.26

16.41

21.42

6.53

15.34

8.09

6.19

11.37

22.27

13.75

8.39

5.19

12.44

5.34

4.30

11.92

3.73

6.39

-1.13

5.65

7.68

0.31

47.66

65.13

32.50

34.44

17.33

12.67

52.57

57.03

47.81

35.84

20.33

39.04

11.35

7.86

30.80

29.15

15.28

23.71

15.55

11.38

0.43

84.94

87.27

42.51

-

26.11

20.11

43.31

100.18

94.76

63.67

39.97

46.25

18.83

15.58

37.92

35.96

20.72

29.74

18.37

1.00%

10.00%

7.00%

6.00%

5.00%

8.00%

6.00%

2.00%

3.00%

7.00%

3.00%

1.00%

3.00%

5.00%

3.00%

7.00%

5.00%

5.00%

6.00%

5.00%

2.00%

Carl Whitbeck

Matt Clay

Nick Clay

Jochen Breuer

Colin Morton, Ben Russon, Mark Hall

Kieran Doyle

John Pattullo, Jenna Barnard, Nicholas Ware

John Pattullo, Jenna Barnard

Omar Negyal, Amit Mehta, Jeff rey Roskell

Jonathan Simon, Clare Hart

Dan Carter

Claudia Calich, Charles De Quinsonas

Jim Leaviss, Claudia Calich

Robin Geff en

Paola Binns

Azhar Hussain, Stephen Tapley

Eric Holt

Martin Chowill

Barrie Whitman, David Backhouse

Richard Cowell

Gary Kirk, Eion Walsh, Mark Holman, Felipe Villarroel

7 Uplands CrescentSwanseaSA2 0PA

Authorised and Regulated by the Financial Conduct Authority

Maximise your returns witha level of risk you’re entirelycomfortable with

Phone: 01792 477763Email: mail@estatecapital.co.ukwww.estatecapital.co.uk

Financial Advice & Wealth Management