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020 7499 6424

72 Welbeck Street
London
W1G 0AY

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info@brooksmacdonald.com

0131 240 3900

10 Melville Crescent
Edinburgh,
EH3 7LU

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edinburgh@brooksmacdonald.com

+441481 815 555

1st Floor Royal Chambers,
St Julian’s Avenue, St. Peter Port, Guernsey
GY1 2HH

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guernsey@brooksmacdonald.com

0161 870 3860

Richmond House, Heath Road, Hale WA14 2XP

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hale@brooksmacdonald.com

01329 552 111

The Long Barn, Dean Estate
Wickham Road, Fareham
PO17 5BN

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hampshire@brooksmacdonald.com

+441534 715 555

First Floor Liberation House
Castle Street, St. Helier, Jersey
JE2 3AT

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jersey@brooksmacdonald.com

01926 351 051

36 Hamilton Terrace
Leamington Spa,
CV32 4LY

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01618 614 110

10th Floor, No 1 Marsden Street
Manchester
M2 1HW

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manchester@brooksmacdonald.com

01823 217 084

4 Heron Gate
Hankridge Way, Taunton
TA1 2LR

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taunton@brooksmacdonald.com

01892 554 900

2 Mount Ephraim Road
Tunbridge Wells Kent
TN1 1EE

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01904 234 820

Howard House
3 St Mary’s Court,
Blossom Street, York, YO24 1AH

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Defensive Capital Fund


The Defensive Capital Fund (the Fund) is designed to provide investors with an opportunity to attain the low volatility of bonds while maintaining exposure to potential equity upsides. The Fund aims to achieve long-term capital growth that is independent of equity market performance and positive absolute returns over rolling three year periods. To accomplish this the Fund invests in a range of defensive assets – investments that are generally lower risk and less volatile than equities, and that don’t rely on market growth to achieve positive returns – such as preference shares, convertibles and structured notes.

The Fund offers low sensitivity to short-term equity markets, as well as offering exposure to high short-term fixed returns. Defensive optionality and convexity is attained through holding mostly senior assets that provide tangible capital cover.

Factsheets:

The DCF factsheet provides the latest information on performance, holdings, asset type breakdown and structured counterparties.

Access the latest Fund factsheet

Performance:

The following tables show the discrete and cumulative performance of the A share class against the benchmark, Libor.

12 month performance Feb-Feb 2017-2016 2016-2015 2015-2014 2014-2013 2013-2012
Fund (%) 13.88 -2.8 6.44 5.00 7.73
Libor 3 Month GBP +2% (%) 2.46 2.60 2.55 2.52 2.75
Difference (%) 11.42 -5.18 3.89 2.48 4.98
Cumulative performance 28.02.2017 Fund (%) Libor 3 Month GBP +2% (%)
1 year 13.88 2.46
2 years 10.95 5.13
3 years 18.10 7.81
5 years 33.59 13.57
Since inception 56.38 19.86

Source: Financial Express Analytics, total return, net of all ongoing charges, bid-to-bid in Sterling as at 28.02.2017.

Charges:

Below is a table which outlines the latest Annual Management Charge (AMC) and the Ongoing Charges Figure (OCF) for the different share classes and currency share classes of the Fund. These can also be found in the Key Investor Information Documents (KIIDs).


AMC OCF
A share GBP 0.75 0.82
B share (GBP) 1.50 1.57
B share (USD, EUR, SGD) 1.50 1.57
C share (GBP) 0.55 0.62

Fund risk ratings and profiling

Key contacts

Jonathan Gumpel

Investment Director, London

Jonathan is a co-founder of Brooks Macdonald and is jointly responsible for overseeing the company’s investment management strategy. He is the lead manager of our Defensive Capital Fund, an absolute return fund that is rated highly by Morningstar. Jonathan is alternate chairman of both our asset allocation and investment committees.         

Over the course of a career in asset management that began in 1986, Jonathan has been recognised by his peers and industry bodies on a number of occasions; most recently receiving the accolade of one of the ‘PAM 50 Most Influential’ members of the private asset management community in 2016. Jonathan is also a member of the Wealth Managers Association Indices Committee.

Niall O'Connor

Deputy Fund Manager

Niall joined Brooks Macdonald in 2013. He has 20 years of investment experience, many of which in senior investment management roles. This includes leading the development of a range of complex derivative pricing and risk models for Independent Risk Monitoring.

Niall has a PhD in Theoretical Physics and an MA and BA in Physics, all from Cambridge University.

Kevin Addison

Head of Funds Distribution, Funds, London

Kevin joined Brooks Macdonald as Head of Funds Distribution in 2014 and spearheads the funds sales team and the core development of our range of investment funds and funds strategy throughout the UK. 

Prior to joining Brooks Macdonald, Kevin worked at SEI Investments Company, where he held the position of managing director and was head of UK and European asset management distribution. He has over 25 years’ experience in the financial services industry, having also held senior positions at Scottish Widows Investment Partnership and Gartmore Fund Managers. 

Simon Pinner

Discretionary Sales Director, Specialist Funds, London

Simon joined Brooks Macdonald in 2015 and he holds the position of Discretionary Sales Director, Specialist Funds. Simon is responsible for the promotion and distribution of our funds throughout the UK to the Discretionary market.

Prior to joining Brooks Macdonald, Simon worked at SEI Investments Company as a Sales Director. He has over 14 years’ experience in the financial services industry, having also worked at BNP Paribas Securities Services in Frankfurt and Paris, Gartmore Fund Managers and Scottish Widows Investment Partnership.

Andrew Pope

Intermediary Sales Director, Specialist Funds, London

Andrew joined Brooks Macdonald in July 2015 and holds the position of Intermediary Sales Director on the Specialist Funds Team. Andrew is responsible for the promotion and distribution of our specialist funds via Intermediaries throughout the UK.

Prior to joining Brooks Macdonald, Andrew worked at Canada Life Investments as a Sales Manager. He has over 15 years’ experience in the financial services industry, having held similar roles at Prudential Plc, Gartmore Fund Managers and BNY Mellon Investment Management.

Awards

  • Best company 2017
  • Gold standard awards 2016 winner discretionary portfolio management
  • Defaqto 2017 - DFM Bespoke
  • Defaqto 2017 - DFM managed portfolio
  • Defaqto 2017 - MPS on platform
  • Defaqto 2017 - DFM Service Gold

Investing carries risk. Investment means that your capital is at risk and that there is no certainty that you will receive your capital back or that a positive return on your investment will be made. Past performance is no guide to future performance. There is no guarantee that the tax efficient nature of any investment will remain. Investment may not be suitable for everybody and potential investors should take their own independent advice.