| Morningstar Fund Report | 18/04/2025 |  |
Clerical Medical Newton Balanced Life Fund |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | 14.0 | -3.4 | 7.5 | 8.7 | -0.4 |
| +/-Sector | 4.8 | 4.8 | 0.5 | 1.8 | -0.2 |
| Sector: Mixed Investment 40%-85% Shares (Life) | ||||||
| Key Stats | ||
| NAV 17/04/2025 | GBX 436.58 | |
| Day Change | -0.26% | |
| ABI Sector | Mixed Investment 40%-85% Shares (Life) | |
| ISIN | GB0032339334 | |
| Fund Size (Mil) 31/03/2025 | GBP 3417.78 | |
| Share Class Size (Mil) 17/04/2025 | GBP 596.91 | |
| Stakeholder | No | |
*
This rating and report were issued for the underlying fund and not the insurance product. Fees of insurance products may be higher, which can negatively impact returns. Insurance products may also hold cash outside the underlying fund, which can strongly affect performance. | ||
| Investment Objective: Clerical Medical Newton Balanced Life Fund |
| The Sub-Fund aims to achieve a balance between income and capital growth over the long term (5 years or more). The Sub-Fund is actively managed and invests at least 75% of the portfolio in UK and international securities across a range of global asset classes including, without limitation, equities (company shares), fixed income securities (bonds), infrastructure, renewable energy, property, commodities and near cash. The Sub-Fund does not have any restrictions on the portion of the portfolio allocated to any of these asset classes. Exposure to these asset classes will be achieved through investment in transferable securities, money market instruments, warrants, derivatives (including but not limited to currency-related derivatives), convertible bonds, contingent convertible bonds and collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company or other BNY Mellon funds). |
| Returns | ||||||||||||||||
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| Management | ||
Manager Name Start Date | ||
Simon Nichols 13/02/2013 | ||
Paul Flood 01/07/2022 | ||
| Click here to see others | ||
Inception Date 02/12/2002 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| IA Mixed Invest 40 - 85% Shares | Morningstar UK Mod Adv Tgt Alloc NR GBP |
| Portfolio Profile for Clerical Medical Newton Balanced Life Fund | 31/03/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | -2.00 | 14.62 | 5.10 | 14.01 | -3.43 | 7.47 | 8.73 | -0.41 |
| +/- Category | 4.37 | -1.05 | -0.15 | 2.86 | 6.65 | -0.90 | -0.27 | 0.87 |
| +/- Category Index | - | - | 0.58 | 1.74 | 3.83 | -3.20 | -2.50 | 0.12 |
| % Rank in Category | 6 | 30 | 28 | 8 | 5 | 43 | 17 | 57 |
| Trailing Returns (GBP) | 17/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -0.26 | -0.22 | -0.49 |
| 1 Week | -1.32 | -4.61 | -2.32 |
| 1 Month | -3.29 | -0.01 | 1.14 |
| 3 Months | -6.14 | -0.20 | 0.66 |
| 6 Months | -3.22 | 1.15 | 0.37 |
| YTD | -2.99 | 1.49 | 1.06 |
| 1 Year | 2.31 | 1.02 | -1.48 |
| 3 Years Annualised | 4.15 | 1.84 | -0.26 |
| 5 Years Annualised | 6.96 | 0.60 | -0.43 |
| 10 Years Annualised | 5.20 | 0.84 | -0.64 |
| Category: GBP Allocation 60-80% Equity | |||
| Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -0.41 | - | - | - |
| 2024 | 4.95 | 1.82 | 0.37 | 1.37 |
| 2023 | 2.91 | 1.00 | 0.06 | 3.33 |
| 2022 | -1.60 | -4.52 | -0.06 | 2.84 |
| 2021 | 2.25 | 3.89 | 2.98 | 4.22 |
| 2020 | -9.82 | 9.60 | 1.10 | 5.18 |
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar UK Mod Adv Tgt Alloc NR GBP | Morningstar UK Adv Tgt Alloc NR GBP | |
| 3-Yr Beta | 0.48 | 0.55 |
| 3-Yr Alpha | -0.72 | -1.10 |
| Investment Style Details | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||
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| Category: GBP Allocation 60-80% Equity | |||||||||||||||||||||||||||||||||||||||||
| Fixed Income Style | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 31/03/2025 |
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| World Regions | 31/03/2025 | ||||||||||||||||||||||||||||||||||||||||||
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| Category: GBP Allocation 60-80% Equity | |||||||||||||||||||||||||||||||||||||||||||
| Sector Weightings | 31/03/2025 | ||||||||||||||||||||||||||||||||||||
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| Category: GBP Allocation 60-80% Equity | |||||||||||||||||||||||||||||||||||||
Basic Materials
Consumer Cyclical
Real Estate
Consumer Defensive
Communication Services| Top 10 Holdings | 31/03/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 59 |
| Total Number of Bond Holdings | 12 |
| Assets in Top 10 Holdings | 28.64 |
| Name | Sector | Country | % of Assets | ||
 ILF GBP Liquidity 5 |  | Ireland | 7.04 | ||
 Microsoft Corp |  | United States | 3.25 | ||
| RELX PLC |  | United Kingdom | 2.73 | ||
| United Kingdom of Great Britain and N...
| | United Kingdom | 2.48 | ||
| Shell PLC |  | United Kingdom | 2.39 | ||
| United Kingdom of Great Britain and N...
| | United Kingdom | 2.31 | ||
| United Kingdom of Great Britain and N...
| | United Kingdom | 2.24 | ||
| United Kingdom of Great Britain and N...
| | United Kingdom | 2.19 | ||
| United States Treasury Bonds 2.875% | | United States | 2.01 | ||
| BAE Systems PLC | | United Kingdom | 1.99 | ||
Increase Decrease  New since last portfolio | |||||
| Category: GBP Allocation 60-80% Equity | |||||
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| Biography | |
| Simon joined Newton in 2001 and was responsible for research into a number of global industrial sectors before moving to portfolio management. Simon’s experience includes managing global, multi-asset, charity and UK equity portfolios. Simon is a chartered accountant (ACA) and prior to joining Newton he worked in both audit and insolvency practices at leading accountancy firms. He is a CFA charterholder, a member of the Chartered Institute for Securities and Investment (MCSI), and also holds a BA (Hons) degree in Industrial Economics from the University of Nottingham. Outside of work, Simon is a keen runner. |
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| Fund Manager | Paul Flood |
| Manager Start Date | 01/07/2022 |
| Career Start Year | 2004 |
| Education |
| University of St Andrews, B.S. |
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| Biography | |
| Paul is Head of Mixed Assets Investment at Newton. He is also lead manager of Newton Multi-Asset Diversified Return strategy, the Newton Multi-Asset Income strategy and the Newton Multi-Asset Growth strategy. He also provides leadership and analysis on asset allocation, derivatives and convertible bonds for the wider firm, having spent the earlier part of his career working on strategic asset allocation and derivative strategy. Paul is responsible for generating ideas within alternative assets and has been leading in this area since 2008. He is a member of the macro allocation group and provides feedback to the wider house on strategic and tactical asset allocation. Paul joined Newton in 2004. He is a CFA1 charterholder and has completed the certificate in quantitative finance (CQF) after passing with distinction. Paul studied Astrophysics at the University of St Andrews and is a keen cyclist and runner, having recently cycled the length of the UK from Land’s End to John O’Groats and often participates in marathons. Joined Newton: 2004 Joined industry: 2004 |
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| Fund Manager | Bhavin Shah |
| Manager Start Date | 05/01/2018 |
| Career Start Year | 2004 |
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| Biography | |
| Bhavin joined Newton in June 2011 as a portfolio manager in the mixed assets investment team. Prior to joining Newton, he worked at SG Hambros for seven years where he was responsible for managing client portfolios focused on absolute return and multi-asset strategies. Bhavin is co-lead manager on a numerous multi-asset accounts at Newton. In addition to portfolio management responsibilities, Bhavin is a member of the Investment Risk Oversight Group and is a co-lead of our ‘net effects’ thematic group, which focuses on digitalisation trends. Bhavin holds an MSc in Mathematics with distinction and is a CFA charterholder. |
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