Objective
The Cautious Portfolio is a low risk portfolio, which is run on a full discretionary basis. It seeks to produce capital stability whilst producing an income by investing in assets displaying growth in the UK and throughout the world. It is by its nature a low volatility portfolio and has reduced growth prospects due to the limited equity content.
Income & yield
The portfolio currently generates a yield of 4.58% (as at 31 March 2012). This can then be taken as income on a monthly, quarterly or half yearly basis or reinvested into the portfolio as agreed with the investor.
Asset Allocation & Range (as at 31 March 2012)
| Asset |
Benchmark Index |
Portfolio Range (%) |
Benchmark Allocation (%) |
Current Allocation (%) |
Asset Allocation Changes* (%) |
| Cash |
7 Day LIBOR |
0-100 |
5 |
5 |
0 |
| Fixed Income |
FTSE All-stock |
40-100 |
65 |
60 |
-8 |
| Equities UK |
FTSE All-share |
0-30 |
25 |
30 |
-5 |
| Equities Overseas |
FTSE World EX UK |
0-7.5 |
5 |
5 |
3 |
| Emerging Equities |
n/a |
n/a |
0 |
0 |
0 |
| Commodities |
CMCETR (Bloomberg) |
n/a |
0 |
0 |
0 |
| Property |
FTSE UK Commercial Property |
0-5 |
0 |
0 |
0 |
| Hedge Funds |
FTSE/APCIMS Hedge Fund Index |
0-5 |
0 |
0 |
0 |
*Since 31 December 2011
Top 10 Holdings (%) (as at 31 March 2012)
| 1. CF IM Bond Fund |
30.00 |
| 2. CF IM Equity & Bond Fund |
15.00 |
| 3. M&G Corporate Bond GRP Income |
5.50 |
| 4. Invesco Perpetual Corp Bond |
5.50 |
| 5. ISHARES GBP Corporate Bond |
5.25 |
| 6. Cash |
5.00 |
| 7. CF IM Global Strategy Fund |
2.50 |
| 8. ISHARES Europe High Yield |
2.50 |
| 9. ISHARES FTSE 250 |
2.50 |
| 10. TSY 1.75% 2017 |
2.50 |
Based on a 50:50 spilt between direct holdings and collective holdings. Actual allocations will vary by client.
The information within this portfolio is believed to be correct but cannot be guaranteed. Opinions, interpretations and conclusions represent our judgement as of this date and are subject to change. Past performance is not a guide to future performance.
The value of shares, and the income derived from them, may fall as well as rise. The information contained in this publication does not constitute a personal recommendation and the investment or investment services referred to may not be suitable for all investors, therefore, we strongly recommend you consult your professional adviser before taking any action.
All references to taxation are based on current levels and practices, which may be subject to change. The value of any tax benefits will be dependent on the individual.