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Managed Portfolio Service (MPS)

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Adventurous Portfolio Fact Sheet - Income

Third 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

Holdings:

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18
Go to holdings
Return Target

Yield Target:

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4 - 4.5%
Management Charge

Management Fee:

0.75% per annum
Volatility Target

Volatility Target:

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80 - 110% (per annum) of global equities

OCF:

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1.39%

Yield:

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3.79%

Performance Overview

Key Highlights:

Cumulative Growth: 28.01% since inception 
Benchmark Comparison: 20.23% (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
Q4 2025 4.60% 3.03%
Q1 2026 -1.58% -2.62%
Q2 2026 13.37% 10.52%
Q3 2026 1.56% 1.50%

Cumulative Performance:

Key:
Portfolio
Benchmark
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Market Commentary

Portfolio Performance:

The portfolio returned 1.56% over the third quarter, ahead of the ARC Sterling Equity Risk benchmark, which returned 1.50%.
Equities contributed positively, supported by strong corporate earnings.

The UK was the largest regional contributor, with JPMorgan UK Small Cap Growth & Income the strongest performer in the region as smaller companies outperformed larger ones. Merchants Trust, Edinburgh Investment Trust, and the Vanguard FTSE UK All Share tracker also added to returns.

Continued spending on artificial intelligence supported HSBC American Index in the US, and Schroder US Equity Income Maximiser also made gains, while North American Income Trust fell slightly.

Among the portfolio’s global funds, JPMorgan Global Growth & Income and Guinness Global Equity Income rose while BNY Mellon Global Income detracted.

Elsewhere, JPMorgan Emerging Markets Dividend Income and Schroder Japan Trust contributed positively, while BlackRock Continental European Income and JPMorgan Asia Growth & Income also detracted.

Gains from the portfolio’s infrastructure holdings, Sequoia Economic Infrastructure Income and International Public Partnerships, offset a fall in Gravis UK Listed Property within alternatives, as rising bond yields weighed on the property sector.

Market Trends:

Unresolved conflict in the Middle East continued to hang over markets in the third quarter of 2026.
Shipping through the Strait of Hormuz remained disrupted as talks between the US and Iran stalled, pushing up the price of oil to over US$100/barrel, up from around US$72/barrel before the conflict started.

Higher energy costs fed through to inflation, with UK consumer prices rising 3.1% in the year to August.

Rising inflation led central banks in several major economies to increase interest rates over the quarter. The US Federal Reserve raised rates in September for the first time since 2023, while the European Central Bank and Bank of Japan also moved rates higher.

The Bank of England kept rates at 3.75%, though Governor Andrew Bailey suggested that rates may need to rise if the Middle East conflict persists. Despite a tougher macroeconomic backdrop, equities were resilient as share prices rose across developed markets.

Company earnings grew strongly and forecasts were raised, particularly within the technology sector in the US, where spending on the artificial intelligence infrastructure buildout remained high. This helped the S&P 500 reach an all-time high in August before a weaker September.

Unlike equities, bonds have faced a difficult quarter. Concerns around inflation and the level of government borrowing in developed economies such as the United States, the UK, and Europe has meant that investors have demanded a higher return for lending to governments, with bond prices falling as a result. This has been felt most acutely on bonds with long maturities, with 30-year bonds in the UK reaching their highest yield since 1998.

Looking ahead, inflation and interest rates remain closely tied to developments in the Middle East.

Portfolio Changes:

We reduced our holding in Gravis UK Listed Property by 2.50% of the portfolio to fund a new position in Greencoat UK Wind, an investment trust which owns a portfolio of UK wind farms. The shares are attractively priced and offer a high inflation-linked dividend.

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 11.50%
Property 3.50%
Cash 1.00%

Geographic Breakdown

 UK 34.00%
North America 26.50%
Global 14.00%
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%
JPMorgan Asia Growth & Income 6.00%
Edinburgh Investment Trust 5.75%
Merchants Trust 5.75%
International Public Partnerships 5.50%

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

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.

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.

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.