Past performance is not a guide to future performance.
Levels of diversification
Multi-Asset (MA)
Blended Funds
2.
Levels of diversification
What are levels of diversification?
At Architas we believe that diversification is central to any investment portfolio.
Being too concentrated in any one investment can possibly lead to higher risk and
greater ups and downs in investment returns. Diversification means spreading the
portfolio across different types of investment. Put simply, it’s not ‘putting all your
eggs in one basket’.
We spread investments by:
• using different classes of assets;
• investing in different geographic regions; and
• using several different investment managers.
Why are levels of diversification important?
While there are no guarantees, this approach may reduce the combined risk
of the overall portfolio and means that you are not relying on the performance
of a narrow selection of investments. It may help to achieve more consistent
investment returns than if you just invested in one class of asset or with any
one fund manager.
Past performance is not a guide to future performance. The value of investments
and any income from them can go down as well as up and is not guaranteed, and
you could get back less than you invest.
Diversification across classes of assets
What is diversification across classes of assets?
There are five main classes of asset – money markets, bonds, property,
alternatives and shares. By spreading investments across different classes,
you could possibly benefit from more consistent returns than a fund which
invests in only one.
Why is spreading investments across classes of assets important?
It may help to reduce the ups and downs of investment returns, as the potential
losses in one class of asset could possibly be softened by gains in another.
Diversification within classes of assets
Why is diversification within classes of assets important?
Within each class of asset it is possible to diversify further. Each one offers
a range of investment options – for example across countries, industries, types
of properties and bonds.
Spreading investment across countries, industries, types of properties and types
of bonds helps to balance the overall portfolio. Spreading it out even further
within classes of assets means that the portfolio is not concentrated in any one
area and may help to reduce the effect of a downturn in a specific class of asset
or geographic region.
1
Diversification across investment managers
Our funds invest in funds managed by other investment managers. This technique is
commonly referred to as a ‘fund of funds’ structure.
What is diversification across investment managers?
Investment managers with different investment styles tend to perform better at different
times under different economic and market conditions. We combine a range of investment
managers with complementary styles using sophisticated techniques to make sure we
achieve a spread of investments.
Why is spreading investments across investment managers important?
Spreading investments across managers with a range of investment styles helps to
balance the overall portfolio. It means that the portfolio is not overly exposed to any one
style and, as a result, when one investment style is out of favour, the overall portfolio is
not affected in a significant way.
We use a selection of investment managers from a range of well-known
firms including:
Architas investment process
What is the Architas investment process?
We have a dedicated team of in-house professionals constantly researching, monitoring
and managing a combination of specialist investment managers. We use a combination
of investment managers to provide an effective spread of investments.
2
How do we choose our investment managers?
We have designed our investment process to find the most appropriate mix of investment
managers to build well spread out portfolios.
The asset allocation model provided by eValue Investment Solutions suggests
a benchmark of which classes of assets to invest in and in what proportion.
We use our unique screening tool, MosaIQue by Architas®, to review all funds available to
identify funds that have delivered consistent performance in the past. Research then tells
us if this is the result of luck or the skill of the managers. We look for a sound investment
philosophy, an effective management process, a stable company environment and
a settled investment team.
The process for choosing investment managers combines the selection benefits of the
Architas MA Passive and MA Active fund ranges. The MA Blended range makes use of the
most suitable passive manager in a class of asset. The active element of the range uses
in-depth research by our expert in-house investment team to find who they believe are the
best active managers in their fields. Our fund managers use research in choosing assets
alongside their skills to pick the most appropriate funds to invest in.
What are the benefits of our investment process?
We constantly monitor and review our investments. We do this by creating portfolios
of investments, carrying out thorough research, using a mix of investment managers,
constantly reviewing the investments and regular rebalancing (buying and selling funds
to maintain the correct levels of each class of asset). We also monitor our underlying
funds with the aim of making sure they perform as expected and do not take on risk we
cannot justify.
How does the investment process work?
Asset allocation
We spread the investment across the relevant areas (money markets, property, shares,
alternatives or bonds).
Researching and choosing a manager
We use a variety of tools to sift through information on investment managers and pinpoint
those we feel are worthy of further attention.
Managing risk
We choose investment managers with different characteristics that complement
each other. Whilst there are no guarantees, the aim is to deliver more stable returns.
Monitoring
We monitor each investment manager using a range of tools to make sure that they
continue to deliver. We also use our monitoring systems to make sure that each fund
keeps to its investment aim.
3.
3
Diversification across
classes of assets
The fund aims to
achieve a return
for investors over
the medium to
long term based
on a combination
of capital growth
and income, with
a low level of
ups and downs.
Diversification across
geographic regions
Fund
Diversification across
investment managers
Architas Multi-Asset (MA) Blended
4
Reserve
Due to rounding, the figures shown in each of the
fund breakdowns may not add up to 100% and
the allocations may change. Information from
Architas, correct as at 31 December 2016.
Bonds
UK gilts
l UK corporate
l Global
l High yield
l Global government
l Global convertible
l
l
64.82%
24.74 %
15.17 %
14.07 %
5.95 %
3.34 %
1.55 %
Equity
20.44%
North America
9.57 %
l UK
5.00 %
l Japan
2.80 %
l Global emerging markets 1.52 %
l Europe but not UK
1.48 %
l Asia Pacific but not Japan 0.07 %
Other
14.74%
Alternatives
8.53 %
l Property
5.37 %
l Cash – money market
0.84 %
l
l
l
l
We may change the ratios between these classes of assets. Although the debt and debt-related securities
that we invest in will usually be of investment-grade quality (that is, with a credit rating of at least BBB- as
rated by Standard & Poor’s, or Baa3 as rated by Moody’s), this fund may also invest in non-investmentgrade securities. Anything below B is considered non-investment grade by Fitch Ratings.
The fund is spread across the following countries and regions.
UK
Global*
l US
l Japan
l Emerging markets
l Europe
l Asia Pacific but not Japan
l
l
* Funds are grouped according to their
benchmarks. Global includes all funds which
do not have a specific regional benchmark.
51.12 %
33.43 %
9.57 %
2.80 %
1.52 %
1.48 %
0.07 %
The fund is spread across the following investment managers.
BlackRock UK Gilts All Stocks Tracker
BlackRock North American Equity Tracker
l Kames Absolute Return Bond
Royal London Absolute Return
l
Government Bond
l AXA Sterling Index Linked Bond
l BlackRock Corporate Bond Tracker
l AXA US Short Duration High Yield
l SPDR® Barclays 1-5 Year Gilt ETF
l AXA Sterling Corporate Bond
l John Laing Infrastructure
l F&C Commercial Property
l BlackRock Japan Equity Tracker
l M&G Corporate Bond
l Jupiter Global Convertibles
l Vanguard UK Long Duration Gilt Index
l Newton International Bond
BlackRock Overseas Government
l
Bond Tracker
l TwentyFour Income
l
l
18.28 %
9.57 %
5.35 %
4.42 %
4.39 %
4.17 %
4.08 %
4.00 %
3.87 %
3.16 %
3.11 %
2.80 %
2.74 %
2.57 %
2.47 %
2.34 %
2.31 %
2.28 %
MedicX
Majedie UK Equity
l CVC Credit Partners Euro Opportunities
l BlackRock UK Equity Tracker
SPDR® Thomson Reuters Global
l
Convertible Bond ETF
Neuberger Berman Global Floating
l
Rate Income
l JP Morgan Global Emerging Markets Income
l JO Hambro UK Equity Income
l Henderson European Focus
l BlackRock Overseas Corporate Bond Tracker
l Amedeo Air Four Plus
l Cash
l BlackRock Continental Euro Income
l BlackRock Pacific ex Japan Equity Tracker
BlackRock Global Property Securities
l
Equity Tracker
l Brooks Macdonald Ground Rents Inc – WAR
l BlackRock Emerging Markets Equity Tracker
l
l
2.18 %
1.91 %
1.87 %
1.64 %
1.55 %
1.53 %
1.49 %
1.45 %
1.26 %
1.03 %
0.95 %
0.84 %
0.22 %
0.07 %
0.05 %
0.04 %
0.03 %
5
MA Blended
Reserve Fund
The fund is spread across the following classes of assets.
Diversification across
classes of assets
The fund aims to
achieve a return
for investors over
the medium to
long term based
on a combination
of capital growth
and income,
with a below
average level of
ups and downs.
Diversification across
geographic regions
Fund
Diversification across
investment managers
Architas Multi-Asset (MA) Blended
6
Moderate
Due to rounding, the figures shown in each of the
fund breakdowns may not add up to 100% and
the allocations may change. Information from
Architas, correct as at 31 December 2016.
The fund is spread across the following classes of assets.
l
46.17%
15.24 %
11.17 %
10.99 %
5.02 %
2.24 %
1.51 %
Equity
36.37%
North America
17.08 %
l UK
9.45 %
l Japan
7.08 %
l Asia Pacific but not Japan 0.49 %
l Europe but not UK
1.27 %
l Global emerging markets 0.88 %
l Europe including UK
0.13 %
Other
17.45%
Property
7.54 %
l Alternatives
7.40 %
l Cash – money market
2.51 %
l
l
l
l
We may change the ratios between these classes of assets. Although the debt and debt-related securities
that we invest in will usually be of investment-grade quality (that is, with a credit rating of at least BBB- as
rated by Standard & Poor’s, or Baa3 as rated by Moody’s), this fund may also invest in non-investmentgrade securities. Anything below B is considered non-investment grade by Fitch Ratings.
The fund is spread across the following countries and regions.
UK
Global*
l US
l Japan
l Europe
l Emerging markets
l Asia Pacific but not Japan
l
l
* Funds are grouped according to their
benchmarks. Global includes all funds which
do not have a specific regional benchmark.
45.73 %
27.35 %
17.08 %
7.08 %
1.40 %
0.88 %
0.49 %
The fund is spread across the following investment managers.
BlackRock UK Gilts All Stocks Tracker
13.66 %
BlackRock North American Equity Tracker 11.57 %
l BlackRock Corp Bond Tracker
5.53 %
l Man GLG Japan Core Alpha
4.45 %
l Kames Absolute Return Bond
4.09 %
l BlackRock UK Equity Tracker
3.67 %
l AXA US Short Duration High Yield
3.57 %
l Majedie UK Equity
3.34 %
l JP Morgan US Equity Income
3.33 %
l Royal London Abs Return Govt Bond
3.32 %
l AXA Sterling Index Linked Bond
2.75 %
l M&G Corporate Bond
2.71 %
l Jupiter Global Convertibles
2.64 %
l BlackRock Japan Equity Tracker
2.63 %
l Cash
2.51 %
l JO Hambro UK Equity Income
2.44 %
l John Laing Infrastructure
2.22 %
l Alliance Bernstein Concentrated US Equity 2.18 %
l Brooks Macdonald Ground Rents Inc
2.10 %
l BlackRock Overseas Corp Bond Tracker
1.98 %
l Newton International Bond
1.89 %
F&C Commercial Property
Amedeo Air Four Plus
l Vanguard UK Long Duration Gilt Index
l TwentyFour Income
SPDR® Thomson Reuters Global Convert
l
Bond ETF
l CVC Credit Partners Euro Opportunities
l BlackRock Global Property Secs Equity Tracker
l MedicX
l Henderson European Focus
l Neuberger Berman Global Floating Rate Inc
l Ediston Property Investment Co
l JP Morgan Global Emerging Markets Inc
l BlackRock Pacific ex Japan Equity Tracker
l BlackRock Overseas Govt Bond Tracker
l Aberdeen Asia Pacific Equity
l BlackRock Euro Equity Income
l BlackRock Emerging Markets Equity Tracker
l Fidelity Emerging Markets
l BlackRock Continental Euro Inc
l Brooks Macdonald Ground Rents Inc – WAR
l
l
l
l
1.89 %
1.86 %
1.58 %
1.52 %
1.51 %
1.45 %
1.42 %
1.25 %
1.22 %
1.03 %
0.86 %
0.71 %
0.29 %
0.26 %
0.20 %
0.13 %
0.10 %
0.08 %
0.04 %
0.02 %
7
MA Blended
Moderate Fund
Bonds
UK gilts
l Global
l UK corporate
l High yield
l Global government
l Global convertible
l
Diversification across
classes of assets
The fund aims to
achieve a return
for investors over
the medium to
long term based
on a combination
of capital growth
and income, with
a medium level
of ups and downs.
Diversification across
geographic regions
Fund
Diversification across
investment managers
Architas Multi-Asset (MA) Blended
8
Intermediate
Due to rounding, the figures shown in each of the
fund breakdowns may not add up to 100% and
the allocations may change. Information from
Architas, correct as at 31 December 2016.
The fund is spread across the following classes of assets.
Equity
46.89%
North America
22.53 %
l UK
12.04 %
l Japan
7.59 %
l Asia Pacific but not Japan 2.11 %
l Europe but not UK
1.48 %
l Global emerging markets 1.04 %
l Europe including UK
0.10 %
Bonds
UK corporate
l Global
l UK gilts
l High yield
l Global convertible
l Global government
l
l
l
l
35.65%
11.49 %
10.91 %
6.35 %
4.92 %
1.35 %
0.61 %
Other
17.47%
Property
7.55 %
l Alternatives
7.41 %
l Cash – money market
2.51 %
l
l
We may change the ratios between these classes of assets. Although the debt and debt-related securities
that we invest in will usually be of investment-grade quality (that is, with a credit rating of at least BBB- as
rated by Standard & Poor’s, or Baa3 as rated by Moody’s), this fund may also invest in non-investmentgrade securities. Anything below B is considered non-investment grade by Fitch Ratings.
The fund is spread across the following countries and regions.
l
* Funds are grouped according to their
benchmarks. Global includes all funds which
do not have a specific regional benchmark.
39.94 %
25.21 %
22.53 %
7.59 %
2.11 %
1.58 %
1.04 %
MA Blended
Intermediate Fund
UK
Global*
l US
l Japan
l Asia Pacific but not Japan
l Europe
l Emerging markets
l
The fund is spread across the following investment managers.
BlackRock North American Equity Tracker
BlackRock Corporate Bond Tracker
l BlackRock UK Gilts All Stocks Tracker
l Man GLG Japan Core Alpha
l BlackRock UK Equity Tracker
l JP Morgan US Equity Income
l Majedie UK Equity
l Kames Absolute Return Bond
l AXA US Short Duration High Yield
l Newton International Bond
l Royal London Abs Rtn Govt Bond
Alliance Bernstein SICAV I Concentrated
l
US Equity
l M&G Corporate Bond
l BlackRock Japan Equity Tracker
l AXA Sterling Index Linked Bond
l Cash
l John Laing Infrastructure
l Brooks Macdonald Ground Rents Income
l JO Hambro UK Equity Income
BlackRock Global Property Securities
l
Equity Tracker
l F&C Commercial Property
l Amedeo Air Four Plus
l
l
15.15 %
5.78 %
4.90 %
4.79 %
4.68 %
4.32 %
4.08 %
3.77 %
3.56 %
3.56 %
3.56 %
3.06 %
3.03 %
2.80 %
2.68 %
2.51 %
2.10 %
2.02 %
1.87 %
1.85 %
1.75 %
1.74 %
Jupiter Global Convertibles
Vanguard UK Long Duration Gilt Index
l Standard Life UK Equity Unconstrained
l CVC Credit Partners Euro Opps
l TwentyFour Income
l Aberdeen Asia Pacific Equity
SPDR® Thomson Reuters Global
l
Convertible Bond ETF
l Henderson European Focus
l MedicX
l JP Morgan Global Emerging Markets
l Ediston Property Investment Company
l Newton Asian Income
Neuberger Berman Global Floating
l
Rate Income
l BlackRock Overseas Corp Bond Trk
l BlackRock Overseas Govt Bond Trk
l BlackRock Continental Euro Income
l BlackRock European Equity Income
l BlackRock Pacific ex Japan Equity Tracker
l BlackRock Emerging Markets Equity Trk
l Brooks Macdonald Ground Rents Inc – WAR
l
l
1.63 %
1.44 %
1.42 %
1.36 %
1.35 %
1.35 %
1.35 %
1.31 %
1.09 %
1.01 %
0.82 %
0.68 %
0.59 %
0.33 %
0.29 %
0.17 %
0.10 %
0.08 %
0.03 %
0.02 %
9
Diversification across
classes of assets
The fund aims to
achieve a return
for investors over
the medium to
long term based
on a combination
of capital growth
and income, with an
above-average level
of ups and downs.
Diversification across
geographic regions
Fund
Diversification across
investment managers
Architas Multi-Asset (MA) Blended
10
Progressive
Due to rounding, the figures shown in each of the
fund breakdowns may not add up to 100% and
the allocations may change. Information from
Architas, correct as at 31 December 2016.
The fund is spread across the following classes of assets.
Equity
67.17%
North America
31.36 %
l UK
20.19 %
l Japan
9.05 %
l Asia Pacific but not Japan 2.33 %
l Europe but not UK
1.95 %
l Global emerging markets 1.76 %
l Europe including UK
0.53 %
Bonds
UK gilts
l High yield
l Global
l UK corporate
l Global convertible
l Global government
l
l
l
l
18.87%
5.12 %
4.23 %
3.72 %
3.53 %
1.49 %
0.79 %
Other
13.96%
Property
5.43 %
l Alternatives
5.17 %
l Cash – money market
3.35 %
l
l
We may change the ratios between these classes of assets. Although the debt and debt-related securities
that we invest in will usually be of investment-grade quality (that is, with a credit rating of at least BBB- as
rated by Standard & Poor’s, or Baa3 as rated by Moody’s), this fund may also invest in non-investmentgrade securities. Anything below B is considered non-investment grade by Fitch Ratings.
The fund is spread across the following countries and regions.
UK
US
l Global*
l Japan
l Europe
l Asia Pacific but not Japan
l Emerging markets
l
l
* Funds are grouped according to their
benchmarks. Global includes all funds which
do not have a specific regional benchmark.
37.62 %
31.36 %
15.40 %
9.05 %
2.48 %
2.33 %
1.76 %
BlackRock North American Equity Tracker
BlackRock UK Equity Tracker
l JP Morgan US Equity Income
Alliance Bernstein SICAV I Concentrated
l
US Equity
l Man GLG Japan Core Alpha
l Majedie UK Equity
l BlackRock Japan Equity Tracker
l JO Hambro UK Equity Income
l BlackRock Corporate Bond Tracker
l BlackRock UK Gilts All Stocks Tracker
l Cash
l AXA US Short Duration High Yield
l Kames Absolute Return Bond
l Amedeo Air Four Plus
l F&C Commercial Property
l Vanguard UK Long Duration Gilt Index
Royal London Absolute Return
l
Government Bond
l Henderson European Focus
l
l
16.98 %
10.79 %
7.30 %
7.07 %
5.00 %
4.42 %
4.05 %
3.57 %
3.53 %
3.36 %
3.35 %
3.14 %
3.12 %
1.83 %
1.77 %
1.76 %
1.74 %
1.69 %
JP Morgan Global Emerging Markets Income
John Laing Infrastructure
BlackRock Global Property Securities
l
Equity Tracker
SPDR® Thomson Reuters Global
l
Convertible Bond ETF
l Ediston Property Investment Company
l Standard Life UK Equity Unconstrained
l Aberdeen Asia Pacific Equity
l CVC Credit Partners Euro Opportunities
l Newton Asian Income
l MedicX
l TwentyFour Income
l BlackRock European Equity Income
BlackRock Overseas Government
l
Bond Tracker
l BlackRock Overseas Corporate Bond Tracker
l BlackRock Continental Euro Income
l BlackRock Pacific ex Japan Equity Tracker
l BlackRock Emerging Markets Equity Tracker
l
l
1.67 %
1.61 %
1.53 %
1.49 %
1.42 %
1.42 %
1.16 %
1.09 %
1.02 %
0.72 %
0.60 %
0.53 %
0.50 %
0.29 %
0.25 %
0.15 %
0.09 %
11
MA Blended
Progressive Fund
The fund is spread across the following investment managers.
Diversification across
classes of assets
The fund aims to
achieve a return
for investors over
the medium to
long term based
on a combination
of capital growth
and income, with
a moderately
high level of
ups and downs.
Diversification across
geographic regions
Fund
Diversification across
investment managers
Architas Multi-Asset (MA) Blended
12
Growth
Due to rounding, the figures shown in each of the
fund breakdowns may not add up to 100% and
the allocations may change. Information from
Architas, correct as at 31 December 2016.
The fund is spread across the following classes of assets.
Equity
80.76%
North America
41.04 %
l UK
18.63 %
l Japan
11.33 %
l Europe but not UK
3.27 %
l Asia Pacific but not Japan 2.78 %
l Global emerging markets 2.62 %
l Europe including UK
1.10 %
Other
Property
l Alternatives
l Cash – money market
l
l
l
l
9.74%
3.83 %
3.07 %
2.85 %
Bonds
Global emerging
l
market debt
l High yield
l Global
l Global convertible
l
9.49%
2.95 %
2.89 %
2.46 %
1.19 %
We may change the ratios between these classes of assets. Although the debt and debt-related securities
that we invest in will usually be of investment-grade quality (that is, with a credit rating of at least BBB- as
rated by Standard & Poor’s, or Baa3 as rated by Moody’s), this fund may also invest in non-investmentgrade securities. Anything below B is considered non-investment grade by Fitch Ratings.
The fund is spread across the following countries and regions.
US
UK
l Japan
l Global*
l Emerging markets
l Europe
l Asia Pacific but not Japan
l
l
* Funds are grouped according to their
benchmarks. Global includes all funds which
do not have a specific regional benchmark.
41.04 %
25.31 %
11.33 %
9.60 %
5.57 %
4.37 %
2.78 %
The fund is spread across the following investment managers.
19.58 %
l
11.11 %
l
10.35 %
9.58 %
6.57 %
4.77 %
4.39 %
2.95 %
2.89 %
2.85 %
2.46 %
2.41 %
2.26 %
2.08 %
F&C Commercial Property
Aberdeen Asia Pacific Equity
l BlackRock Continental Euro Income
l Fidelity Emerging Markets
SPDR® Thomson Reuters Global
l
Convertible Bond ETF
l Newton Asian Income
l JP Morgan Global Emerging Markets
l BlackRock European Equity Income
l Ediston Property Investment Company
l John Laing Infrastructure
BlackRock Global Property Securities
l
Equity Tracker
l MedicX
l BlackRock Emerging Markets Equity Tracker
l BlackRock Pacific ex Japan Equity Tracker
1.56 %
1.43 %
1.36 %
1.23 %
1.19 %
1.19 %
1.10 %
1.10 %
0.99 %
0.98 %
0.89 %
0.39 %
0.29 %
0.16 %
1.90 %
13
MA Blended
Growth Fund
BlackRock North American Equity Tracker
Alliance Bernstein SICAV I Concentrated
l
US Equity
l JP Morgan US Equity Income
l BlackRock UK Equity Tracker
l Man GLG Japan Core Alpha
l BlackRock Japan Equity Tracker
l Majedie UK Equity
l AXA WF EM Short Duration bonds
l AXA US Short Duration High Yield
l Cash
l Kames Absolute Return Bond
l JO Hambro UK Equity Income
l Standard Life UK Equity Unconstrained
Royal London Absolute Return
l
Government Bond
l Henderson European Focus
l
14.
Glossary of terms
Shares
Shares of companies are a popular choice for long-term investors.
As a shareholder you share in the value of the company’s assets through
the share price and in the company’s profits by possibly receiving dividends.
Bonds
Bonds are contracts that allow a number of investors to pool together
to loan money to a company, government or other institution over a fixed
term. The holders of the bonds then receive interest payments over the
length of the term and get their initial investment (capital) back at the end.
Bonds are usually issued by banks on behalf of the borrowing institution.
If the borrowing institution fails, there is a risk that you will not receive
back either the interest due or your original capital.
Property
We can invest in companies which own and manage a range of properties.
The value of property is a matter of the valuer’s opinion and not fact.
Property will not contribute to diversifying your portfolio if you already
hold a substantial percentage of your investments in property. There could
be delays involved with property (disinvestments and switches) due to the
fact that property can take time to sell.
Money market
Investors are usually very familiar with cash investments. These types
of investments are not without risk as interest rates may be lower than
inflation. However, they are usually lower risk than other classes of asset
and are normally very accessible (easy to cash in). Although, there is also
a possible risk if the institutions go out of business.
Alternatives
The ‘alternatives’ class covers a range of investments.
The main parts are commodities (such as oil), hedge funds, absolute
return funds (an absolute return fund aims to make positive returns by using
investment management techniques and classes of asset that differ from
traditional funds) and infrastructure (such as communication and transport).
Geographic region
It is possible to invest in bonds, property and shares from different countries
and regions across the world.
15
Important information*
We will not accept any legal responsibility for any advice provided in relation to this
document. We provide and manage the Architas funds and do not assess the suitability
of our funds for individual investors. If any financial adviser, or network of advisers,
is named on this document, it does not mean we have any knowledge of, or influence
over, advice that you have received or will receive. Your financial adviser alone is
responsible for any financial advice or recommendations provided in relation to your
investment decisions.
Past performance is not a guide to future performance. The value of investments and
any income from them can go down as well as up and is not guaranteed, and you could
get back less than you invest.
The funds are allowed to invest over 35% of their assets in investments issued by a single
local, national or supranational government. The funds can invest entirely in units of
collective investment schemes.
The value of investments can fall as well as rise purely on account of exchange rate
fluctuations.
You can invest in these funds through a number of financial products. These funds may
not be appropriate for investors who plan to withdraw their money within five years.
We take charges to cover the costs of managing the fund. If you are investing using
a financial product, the product provider may take extra charges, and, if so, should give
you details of these charges before you invest.
If you need more information on any of our funds, you can ask us for a free copy of the
Key Investor Information document (KIID) and the prospectus. The KIID is designed to
help you make an informed decision before investing. You can also view or download
all of our funds’ KIIDs from our website at architas.com, by following the Key Investor
Information documents link from the home page and in the Information Centre.
The AXA Group includes other fund management companies which we refer to as
in-house managers, such as AXA Investment Managers and AllianceBernstein. We,
Architas, may choose to include funds managed by in-house managers, which we refer
to as in-house funds, within our multi-manager funds.
AXA also works closely with a select number of external fund managers which are
referred to as strategic partners. These partners are selected on the basis of their
strengths under certain criteria and we may choose funds from the strategic partners
to make up our multi-manager funds. In the UK, we follow an in-depth research process
that ensures that the funds selected for our multi-manager funds are included on the
potential benefits they could bring to our Architas funds. We are not influenced by the
AXA Group to include in-house or strategic partner funds over funds from other fund
managers; funds are selected on their consistency to meet their objectives. We regularly
review our selection of funds, including those from strategic partners and in-house
managers, to ensure they continue to be appropriate and in your best interests.
More information about our use of funds from strategic partners and in-house managers
is available at architas.com/inhousestratpartners/
The Blended funds referred to in this document are all collective investment schemes
authorised and regulated by the Financial Conduct Authority. AXA is a worldwide leader
in financial protection and wealth management. In the UK, one of the AXA companies is
Architas Multi-Manager Limited. We are an investment company that provides access to
other investment managers’ services through a range of solutions, including regulated
collective investment schemes. We are a company limited by shares and are authorised
and regulated by the Financial Conduct Authority (Firm Registration Number 477328).
We are registered in England number 06458717. Registered office: 5 Old Broad Street,
London, EC2N 1AD.
16
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The Architas customer support team is
on hand to answer your questions.
Call 0800 953 0197*
*Monday to Friday 9.00am-5.30pm;
calls may be recorded. Calls are free
from landlines and mobiles within the UK.
Architas Multi-Manager Limited
5 Old Broad Street
London EC2N 1AD
architas.com
ARC5155R • Created 2 March 2017 • Expires 01 February 2018