Growth Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
ARCC Ares Capital Corporation	Financial Services	6.67%
ASML ASML Holding N.V.	Technology	6.67%
AVGO Broadcom Inc.	Technology	6.67%
DPLM.L Diploma plc	Industrials	6.67%
III.L 3I Group plc	Financial Services	6.67%
JPM JPMorgan Chase & Co.	Financial Services	6.67%
KLAC KLA Corporation	Technology	6.67%
MAIN Main Street Capital Corporation	Financial Services	6.67%
MPWR Monolithic Power Systems, Inc.	Technology	6.67%
MS Morgan Stanley	Financial Services	6.67%
MSFT Microsoft Corporation	Technology	6.67%
PH Parker-Hannifin Corporation	Industrials	6.67%
PHNX.L Phoenix Group Holdings PLC	Financial Services	6.67%
UNH UnitedHealth Group Incorporated	Healthcare	6.67%
V Visa Inc.	Financial Services	6.67%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of £10,000 in Growth Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is Nov 23, 2009, corresponding to the inception date of PHNX.L

Returns By Period

As of Apr 4, 2026, the Growth Portfolio returned 0.46% Year-To-Date and 25.28% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.75%	-3.10%	-2.01%	-0.10%	20.89%	14.44%	11.36%	13.14%
Portfolio Growth Portfolio	0.94%	-1.93%	0.46%	1.75%	36.22%	25.78%	21.13%	25.28%
Portfolio components:
MPWR Monolithic Power Systems, Inc.	0.54%	3.12%	26.00%	24.53%	123.97%	29.66%	26.98%	35.37%
KLAC KLA Corporation	0.44%	3.93%	27.37%	40.77%	143.97%	54.24%	36.93%	38.86%
AVGO Broadcom Inc.	0.98%	0.39%	-7.20%	-4.87%	104.05%	68.50%	50.18%	39.56%
MSFT Microsoft Corporation	1.72%	-6.82%	-21.15%	-26.14%	-0.07%	7.71%	10.92%	23.51%
PH Parker-Hannifin Corporation	-0.75%	-7.04%	5.47%	21.75%	63.15%	37.54%	26.24%	26.42%
ARCC Ares Capital Corporation	2.68%	-1.76%	-6.40%	-3.78%	-8.50%	7.17%	9.81%	12.92%
MAIN Main Street Capital Corporation	2.03%	-8.73%	-9.54%	-11.65%	0.23%	16.63%	15.09%	14.70%
PHNX.L Phoenix Group Holdings PLC	—	—	—	—	—	—	—	—
UNH UnitedHealth Group Incorporated	1.84%	-3.22%	-13.75%	-20.40%	-47.72%	-17.63%	-2.96%	10.53%
JPM JPMorgan Chase & Co.	0.37%	-0.49%	-6.42%	-2.24%	30.28%	31.65%	17.88%	21.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 24, 2009, Growth Portfolio's average daily return is +0.09%, while the average monthly return is +1.92%. At this rate, your investment would double in approximately 3.0 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jul 2022 with a return of +13.3%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Growth Portfolio closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +12.7%, while the worst single day was Mar 16, 2020 at -14.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.17%	0.74%	-4.09%	1.77%									0.46%
2025	8.15%	-4.09%	-7.36%	-1.35%	7.39%	5.48%	3.65%	1.70%	5.57%	5.78%	-2.07%	-0.75%	22.86%
2024	1.62%	6.17%	4.17%	-1.83%	3.15%	5.19%	1.68%	0.36%	-1.39%	-0.66%	6.16%	1.62%	29.09%
2023	6.86%	3.41%	-1.76%	-0.52%	5.29%	2.99%	3.27%	-1.87%	-0.84%	-1.71%	8.74%	7.38%	35.06%
2022	-5.17%	-2.67%	3.18%	-3.78%	2.01%	-6.83%	13.32%	-1.87%	-8.24%	6.48%	6.60%	-3.43%	-2.59%
2021	-0.02%	5.41%	5.30%	4.36%	-0.92%	2.84%	4.38%	3.23%	-1.60%	6.07%	2.17%	3.38%	40.16%

Benchmark Metrics

Growth Portfolio has an annualized alpha of 10.08%, beta of 1.02, and R² of 0.82 versus S&P 500 Index. Calculated based on daily prices since November 24, 2009.

This portfolio captured 140.52% of S&P 500 Index gains but only 86.13% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 10.08% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.02 and R² of 0.82, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 10.08%

Beta: 1.02

R²: 0.82

Upside Capture: 140.52%

Downside Capture: 86.13%

Expense Ratio

Growth Portfolio has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Growth Portfolio ranks 59 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.76	+0.53
Sortino ratio Return per unit of downside risk	1.86	1.17	+0.68
Omega ratio Gain probability vs. loss probability	1.27	1.18	+0.08
Calmar ratio Return relative to maximum drawdown	2.72	1.22	+1.50
Martin ratio Return relative to average drawdown	9.08	4.76	+4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
MPWR Monolithic Power Systems, Inc.	85	1.57	2.23	1.31	4.15	10.05
KLAC KLA Corporation	92	2.44	2.77	1.41	5.53	18.01
AVGO Broadcom Inc.	83	1.70	2.40	1.31	3.04	6.99
MSFT Microsoft Corporation	33	-0.12	0.02	1.00	-0.11	-0.28
PH Parker-Hannifin Corporation	81	1.40	1.95	1.30	2.75	9.84
ARCC Ares Capital Corporation	15	-0.53	-0.64	0.92	-0.70	-1.33
MAIN Main Street Capital Corporation	30	-0.13	-0.01	1.00	-0.23	-0.54
PHNX.L Phoenix Group Holdings PLC	—	—	—	—	—	—
UNH UnitedHealth Group Incorporated	11	-0.91	-1.10	0.82	-0.77	-1.00
JPM JPMorgan Chase & Co.	64	0.79	1.15	1.16	1.42	3.54

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Growth Portfolio Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.29
5-Year: 1.13
10-Year: 1.21
All Time: 1.24

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.99 to 1.69, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Growth Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Growth Portfolio provided a 2.36% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.36%	2.12%	2.39%	2.41%	3.19%	2.33%	2.73%	2.71%	3.34%	2.67%	2.84%	2.95%
Portfolio components:
MPWR Monolithic Power Systems, Inc.	0.60%	0.69%	0.85%	0.63%	0.85%	0.49%	0.55%	0.90%	1.03%	0.71%	0.98%	1.26%
KLAC KLA Corporation	0.50%	0.61%	0.96%	0.92%	1.25%	0.91%	1.35%	1.74%	3.17%	2.15%	2.67%	2.94%
AVGO Broadcom Inc.	0.79%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
MSFT Microsoft Corporation	0.93%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
PH Parker-Hannifin Corporation	0.79%	0.80%	1.00%	1.25%	1.73%	1.25%	1.29%	1.65%	1.97%	1.32%	1.80%	2.60%
ARCC Ares Capital Corporation	10.61%	9.49%	8.77%	9.59%	10.12%	7.65%	9.47%	9.01%	9.88%	9.67%	9.22%	11.02%
MAIN Main Street Capital Corporation	8.09%	7.00%	7.02%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.49%	7.42%	9.15%
PHNX.L Phoenix Group Holdings PLC	0.04%	0.07%	4.44%	0.10%	6.83%	6.19%	5.59%	2.65%	6.71%	5.26%	5.17%	2.47%
UNH UnitedHealth Group Incorporated	3.19%	2.64%	1.62%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%
JPM JPMorgan Chase & Co.	1.97%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Growth Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Growth Portfolio was 35.21%, occurring on Mar 23, 2020. Recovery took 100 trading sessions.

The current Growth Portfolio drawdown is 5.94%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.21%	Feb 20, 2020	23	Mar 23, 2020	100	Aug 12, 2020	123
-22.06%	Jul 8, 2011	22	Aug 8, 2011	110	Jan 11, 2012	132
-20.35%	Feb 11, 2025	39	Apr 4, 2025	67	Jul 10, 2025	106
-17.66%	Jan 5, 2022	116	Jun 16, 2022	36	Aug 5, 2022	152
-17.06%	Sep 5, 2018	79	Dec 24, 2018	58	Mar 18, 2019	137

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 15 assets, with an effective number of assets of 15.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	DPLM.L	PHNX.L	III.L	UNH	MAIN	ARCC	AVGO	V	MSFT	MPWR	ASML	JPM	MS	PH	KLAC	Portfolio
Benchmark	1.00	0.22	0.21	0.32	0.51	0.55	0.59	0.61	0.67	0.73	0.61	0.61	0.69	0.67	0.70	0.66	0.87
DPLM.L	0.22	1.00	0.26	0.33	0.10	0.11	0.13	0.17	0.16	0.16	0.18	0.23	0.15	0.17	0.18	0.17	0.36
PHNX.L	0.21	0.26	1.00	0.41	0.09	0.16	0.16	0.15	0.17	0.12	0.16	0.20	0.25	0.26	0.20	0.15	0.36
III.L	0.32	0.33	0.41	1.00	0.14	0.19	0.21	0.22	0.23	0.21	0.25	0.30	0.28	0.31	0.27	0.24	0.46
UNH	0.51	0.10	0.09	0.14	1.00	0.32	0.32	0.25	0.39	0.34	0.24	0.24	0.38	0.33	0.34	0.28	0.46
MAIN	0.55	0.11	0.16	0.19	0.32	1.00	0.61	0.30	0.39	0.36	0.31	0.30	0.45	0.42	0.43	0.34	0.55
ARCC	0.59	0.13	0.16	0.21	0.32	0.61	1.00	0.31	0.41	0.38	0.33	0.30	0.49	0.45	0.46	0.35	0.57
AVGO	0.61	0.17	0.15	0.22	0.25	0.30	0.31	1.00	0.40	0.49	0.60	0.56	0.37	0.39	0.44	0.62	0.69
V	0.67	0.16	0.17	0.23	0.39	0.39	0.41	0.40	1.00	0.52	0.41	0.42	0.48	0.45	0.47	0.44	0.63
MSFT	0.73	0.16	0.12	0.21	0.34	0.36	0.38	0.49	0.52	1.00	0.49	0.50	0.41	0.41	0.43	0.52	0.65
MPWR	0.61	0.18	0.16	0.25	0.24	0.31	0.33	0.60	0.41	0.49	1.00	0.60	0.38	0.42	0.47	0.68	0.73
ASML	0.61	0.23	0.20	0.30	0.24	0.30	0.30	0.56	0.42	0.50	0.60	1.00	0.38	0.42	0.44	0.71	0.73
JPM	0.69	0.15	0.25	0.28	0.38	0.45	0.49	0.37	0.48	0.41	0.38	0.38	1.00	0.77	0.58	0.42	0.68
MS	0.67	0.17	0.26	0.31	0.33	0.42	0.45	0.39	0.45	0.41	0.42	0.42	0.77	1.00	0.58	0.45	0.70
PH	0.70	0.18	0.20	0.27	0.34	0.43	0.46	0.44	0.47	0.43	0.47	0.44	0.58	0.58	1.00	0.51	0.70
KLAC	0.66	0.17	0.15	0.24	0.28	0.34	0.35	0.62	0.44	0.52	0.68	0.71	0.42	0.45	0.51	1.00	0.76
Portfolio	0.87	0.36	0.36	0.46	0.46	0.55	0.57	0.69	0.63	0.65	0.73	0.73	0.68	0.70	0.70	0.76	1.00

The correlation results are calculated based on daily price changes starting from Nov 24, 2009

Growth Portfolio

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table