Return Date:

FOR USE BY PROFESSIONAL INVESTMENT ADVISERS

31/12/2019

Portfolio Factsheet: Tatton Tracker Active

Cumulative Returns Tatton Tracker Strategy
Time Period: Since Common Inception (02/01/2013) to 31/12/2019 In order to generate returns consistent with the
level of risk, Tatton will invest via selected,
190.0 predominantly passive funds to create a
diversified portfolio comprised of UK and Global
180.0 equities, Corporate and Government bonds and
other Alternative assets such as commodities and
170.0 property where appropriate.

160.0
Portfolio Objective - Active
150.0 The leading objective of this portfolio is to
maximise potential total return for a given level of
140.0 risk.

The primary determinant of risk is the proportion

130.0
invested in the riskiest assets, such as equities.

120.0 For this portfolio, over the long-term, we would

expect the proportion invested in equities to be
110.0 approximately 75%. This strategic exposure may
be adjusted over the longer term to maintain
100.0 adherence to the risk limits.
2013 2015 2017 2019
In the shorter term, we may also adjust this weight
tactically as economic and market conditions
dictate while not deviating by more than ±12.5%.
Tatton Tracker Active IA Mixed Investment 40-85% Shares

Cumulative Returns (%)

Month 3 Month 1 Year 3 Years 5 Years Inception* Important Notes

Tatton Tracker Active 1.3 2.2 15.7 22.2 49.9 83.9 Please be aware that adjustments to previously
reported data can occur.
IA Mixed Investment 40-85% Shares 1.5 2.3 15.9 19.8 39.6 68.2
The value of investments and the income from
YTD 2019 2018 2017 2016 2015 them can fluctuate and it is possible that investors
Tatton Tracker Active 15.7 15.7 -5.5 11.8 18.6 3.4 may not get back the amount invested.

IA Mixed Investment 40-85% Shares 15.9 15.9 -6.1 10.0 13.3 2.8 All returns are calculated in £-Sterling and are
shown after DFM fee and fund charges, but before
Performance all other fees, such as platform and adviser
charges.
The above tables show comparative performance against a relevant Investment Association (IA) sector
benchmark so that you can compare performance to our competitors using relatively similar asset allocations.
The benchmark is an indicator of similar investments performance relative to each other and is not intended to
provide an indication of future returns or investor expectations.
Past performance is not a guide to future performance.

Monthly Market Commentary - December 2019 About Tatton

2019 ended on a positive note as political uncertainty eased on the back of the UK General Election result and a Tatton is a trading style of Tatton Investment
phase one trade deal between the US & China. Management Limited, which is authorised and
regulated by the Financial Conduct Authority.
S&P 500 climbed 0.3% to 3,230.78 on the last day of the year closing the year with the largest December Financial Services Register number 733471.
percentage gain since 2010. Tatton Investment Management Limited is
registered in England and Wales No. 08219008.
The UK election results indicated a potential reduction in the levels of uncertainty for UK businesses with Registered address: Paradigm House, Brooke
expectations of capital expenditure providing a boost to the UK economy. The FTSE 100 index rose 2.8% in Court, Wilmslow, Cheshire, SK9 3ND.
December and 12% overall in 2019. The sterling was also strong both at the start of the month and right after
the December 12 result but with the January 31 Brexit deadline approaching, the pound started losing some of
its strength. Business activity in Europe exceeded expectations in the past month along with an improved
economic outlook for firms in the Eurozone.

In general, in 2019 the MSCI World Index moved upwards by 28% mostly due to US and European equities
performance. MSCI EM also grew by 13.8% in pound terms over the year. During December in particular, MSCI
World rose 0.6%.

Such recent economic data implies that the global economy is no longer slowing and businesses are looking
more optimistically into the future which leads to a more positive outlook for 2020.

www.tattoninvestments.com 17 St Swithin's Lane, London EC4N 8AL Tel: 020 7139 1470
Tatton Tracker Active - Portfolio Holdings Top Holdings (%)
% iShares UK Equity Index (UK) D Acc 17.2
UK Equity 34.9 HSBC American Index C Acc 14.1
North America Equity 24.1 Vanguard US Equity Index Acc 10.0
Cash Proxy 8.7 IP UK Enhanced Index No Trail 9.2
Europe Equity 6.9 Dimensional Glbl UltraShrt FxdInc £ Acc 8.7
Inv. Grade Bond 6.8
iShares Mid Cap UK Equity Idx (UK) D Acc 8.5
Emerging Market Equity 5.0
Vanguard FTSE Dev Eurp ex UK Eq Idx Inc6.9
Govt Bond 3.9
Vanguard Emerg Mkts Stk Idx GBP Acc 5.0
Japan Equity 2.9
iShares Overseas Corp Bd Idx (UK) D Acc 3.8
Strat Bond 2.9
Vanguard UK Inv Grd Bd Idx GBP Acc 2.9
Cash 1.9
Other 1.9
Total 100.0

Asset Allocation Portfolio Characteristics

Time Period: 01/01/2019 to 31/12/2019 Standard Deviation 7.7

100.0 Since Inception Annualised Return 8.3

12 Month Yield 2.3
90.0
Risk Profile: Active
80.0

70.0

60.0
Who is this portfolio for?
50.0 This portfolio is likely to be suitable for: An
investor who is comfortable with holding a
40.0 significant proportion of their portfolio in
higher risk investments in order to have the
opportunity for a greater investment return. An
30.0
investor who is prepared to accept investment
losses in the short-term in order to achieve
20.0 potentially greater investment returns over the
longer-term. The portfolio will be subject to
10.0 fluctuations in value.

0.0
03/2019 06/2019 09/2019 12/2019

Cash Proxy Govt Bond UK Equity

Cash Europe Equity Japan Equity
North America Equity Strat Bond Emerging Market Equity
Asian Equity

Data Definitions
Standard Deviation: A statistical measurement of dispersion about an average, which, for a model, deviation of historical performance to try to predict the range of returns
that are most likely for a given fund. When a fund has a high standard deviation, the predicted range of performance is wide, implying greater volatility. Morningstar
computes standard deviation using the trailing monthly total returns for the appropriate time period. All the monthly standard deviations are then annualized.
Inception: The date at which the portfolio was first managed. This can be found at the top left corner of the investment growth graph.
12 Month Yield: Is the sum of a fund’s total trailing 12-monthinterest and dividend payments divided by the last month’s ending share price (NAV) plus any capital gains
distributed over the same period.
Benchmark: IA OEMixed:The performance comparitor provided in the Cumulative Returns graph and in the table is that of the relative benchmark for the risk/return profile
for the specified Model portfolio.

Important Information
The portfolio returns presented in this document are for information purposes only and should be regarded as indicative of the returns clients would have achieved with
their actual investment portfolios, which are managed with the same investment style and risk profile. While client portfolio returns are expected to be very similar to the
returns shown here, they may differ as a result of new monies having been introduced by the client, or withdrawn from the portfolio and/or the specific fee charging
arrangements agreed between the client and the adviser.
The performance does not account for the differences due to the limitations of a particular platform.
Asset allocation: operational cash of 2% is required by the platform to cover costs and charges, any additional amount is for strategic purposes.
The information in this document does not constitute investment advice or a recommendation for any product and investment decisions should not be made on the basis of
it.

www.tattoninvestments.com 17 St Swithin's Lane, London EC4N 8AL Tel: 020 7139 1470