Managed Portfolio Service (MPS)

Adventurous Portfolio Fact Sheet - Income

First Quarter 2026

This fact sheet provides an overview of the investment portfolio which is professionally managed by Redmayne Bentley. It is designed to give investors a clear summary of the portfolio’s key details, performance, and strategy.

Investment Objective

The Adventurous Portfolio is designed for investors seeking a high return generation over the long term, as such the value of an adventurous portfolio may fluctuate significantly, in line with or more than equity markets. The portfolio is appropriate for investors who have a long-term timescale for investing and the capacity to suffer a temporary or permanent capital loss.

Key Portfolio Information

Holdings:

Go to holdings

Yield Target:

4 - 4.5%

Management Fee:

0.75% per annum

Volatility Target:

80 - 110% (per annum) of global equities

Performance Overview

Key Highlights:

Cumulative Growth: 52.21% since inception
Benchmark Comparison: 35.98% (ARC Sterling Equity Risk Index)

The model was launched 31/12/2024 with performance figures prior to this date simulated based on portfolio weights at the time of launch. It should be noted that simulated past performance is not a reliable indicator of future performance.

Performance is calculated net of our management fees. The performance below accounts for the Redmayne Bentley fee of 0.75% per annum.

Discrete Quarters:

Quarter	RB MPS	ARC Equity Risk
Q2 2025	5.87%	4.22%
Q3 2025	4.25%	5.52%
Q4 2025	4.60%	3.03%
Q1 2026	-1.54%	-0.91%

Cumulative Performance:

Key:

Portfolio

Benchmark

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Market Commentary

Sector Performance:

The quarter was challenging for markets, with the portfolio returning -1.54% over the period and modestly underperforming its benchmark.

Markets sold off as investors turned cautious, weighing on the portfolio’s equity and property holdings. Rising government bond yields weighed heavily on interest-rate sensitive areas of the market, with Gravis UK Listed Property selling off, after a period of strong performance. US equity markets gave back the modest gains made year-to-date, reflected in the weakness of HSBC American Index Fund, while JP Morgan Global Growth & Income and BlackRock Continental European Income, retreated alongside broader equity weakness.

Not all equity holdings struggled, however. Allocations to Vanguard FTSE All-Share tracker, BNY Mellon Global Income Fund and North American Income Trust benefitted, with the formers’ defensive exposure to material and energy rallying in response to supply-chain bottlenecks. Additionally, the portfolio’s Asia and Emerging Market holdings, though hurt by the March sell-off, have posted strong returns to the quarter end, primarily driven by AI expenditure and increasing investor-appetite for Chinese equity exposure.

Market Trends:

With developments in the Middle East still very much in flux, there are strong economic incentives for both sides to end the conflict. Iran has been suffering from elevated inflation, slow economic growth and a weakening currency, whereas Donald Trump must contend with upcoming November midterms where the cost of living a key issue.

At the time of writing, a ceasefire between the US and Iran is in effect, whether it holds up is to be seen, but markets have breathed a sigh of relief for the time being. Equities have broadly re-traced the losses brought by this conflict, with all major large-cap indices posting positive year-to-date returns. Despite this, volatility in the commodities market remains high, and the inflationary impact of potentially structurally higher energy costs is yet to be seen. Interestingly, US tech, known for being richly valued, is currently trading on its lowest 12-month forward valuation premium level over other sectors since mid-2020.

In the UK, 10-year Gilt yields have recovered somewhat to around 4.8%, having nearly breached the 5.0% level at the height of the conflict. At the shorter end of the curve, the market is now pricing in one 25 basis point rate hike, compared with more than three at the peak of the crisis. Bank of England Governor, Andrew Bailey, has described current events as a major energy shock whose duration will be key for future inflation.

Portfolio Changes:

No changes were made to the portfolio over the quarter.

Our Holdings

All holdings in the MPS Adventurous Portfolio are carefully selected to align with its investment objectives and targeted growth. Values may not add up to 100% due to rounding.

Asset Allocation

	Equities	84.00%
	Alternatives	9.00%
	Property	6.00%
	Cash	1.00%

Geographic Breakdown

	UK	28.50%
	North America	26.50%
	Global	19.50%
	Europe	7.00%
	Japan	6.50%
	Asia Pacific	6.00%
	Emerging Markets	5.00%

Top Ten Holdings

Top Ten Holdings	Target Portfolio Weight
HSBC American Index	9.50%
Vanguard FTSE All-Share	8.75%
The North American Income Trust	8.50%
Schroder US Equity Income Maximiser	8.50%
BlackRock Continental European Income	7.00%
Schroder Japan Trust	6.50%
JP Morgan Asia Growth & Income	6.00%
Gravis UK Listed Property	6.00%
Edinburgh Investment Trust	5.75%
Merchants Trust	5.75%

Risks

Investments and income arising from them can fall in value and you may get back less than you originally invested.
Past performance is not a reliable indicator of future results.

Contact Us

For more information, please contact our support team at mps@redmayne.co.uk

Key Features & Benefits

Maintain Stability:

Designed to monitor volatility while providing steady growth.

Diversification:

Exposure to multiple asset classes to manage risk.

Active Management:

Regular rebalancing to maintain portfolio stability.

Frequently asked questions

Who are ARC?

Asset Risk Consultants (ARC) are an independent financial consultant founded on the principle that improving the transparency of performance data would lead to better decision making.

What is a Benchmark?

A benchmark is a standard or point of reference against which the performance of an investment or financial instrument can be measured. It helps in evaluating performance.

ARC produce four benchmark indices composed of actual portfolio performance figures submitted by contributing discretionary investment management firms. The benchmarks cover four risk categories of Cautious, Balanced, Steady Growth, and Equity Risk, where the level of risk is assessed by the volatility of returns relative to those of global equities. Cautious risk portfolios are expected to show up to 40% of the volatility of world equities, Balanced between 40% and 60%, Steady Growth between 60% and 80%, and Equity Risk between 80% and 110% of world equities.

What is the ARC Sterling Equity Risk Index?

The ARC Sterling Equity Risk PCI is an average of the average performance of each contributing investment management firm, where the historic risk profile has been in the range of 80-110% of that experienced by world equity markets.

Terminology Explained

MPS - Our Managed Portfolio Service (MPS) is digital discretionary service, ideal for hands-off investors with £20k-£100k to invest. We manage your investments for you and in order to recommend one of our risk strategies (further information below) we collect details of your investing goals and attitude to risk.
Holdings - Holdings refer to the individual assets or securities that are included in the portfolio.
Yield Target - Yield target represents the level of income expected to be generated as a percentage of the overall portfolio value.
Volatility Target - A volatility target in investing refers to a specific level of annual volatility that a portfolio aims to achieve. Volatility refers to the degree of fluctuation in the price of an asset over a specific period.