FE Analytics - Long Scan

Portfolio Summary
Instrument	Name	Currency	6 Months	1 Year	3 Years	5 Years	Hist. Yield	Portfolio Expense	FE fundinfo Risk Score
Portfolio	Keith Baker Pension	GBP	8.17	12.72	28.14	17.53	2.06	1.04	70
Benchmark	Keith Baker Pension Benchmark - Jan 95	GBP	5.52	9.65	24.88	13.33	0.00	-	60

Performance figures to last price date.
Portfolio Expense - The portfolio expense is calculated using the weighted value of the Ongoing Costs Ex Ante of the portfolio constituents. Where the Ongoing Costs Ex Ante is not available the OCF is used, and where this is not available the TER is used.
Please note: Historic yield figures will only be provided for funds with at least 12 months of performance history.

Portfolio Composition				1 year			3 years
Fund Manager*	Name	Original % Holding	Hist. Yield	Perf.	Est. Contrb	Qtl	Perf.	Est. Contrb	Qtl	FE fundinfo Crown Rating
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	28.03	3.82	3.79	1.06	3	14.08	3.95	3
Lazard Fund Managers	Developing Markets B Acc - Sep 10	20.07	0.31	36.19	7.26	1	72.16	14.48	2
Liontrust	European Dynamic I Inc - Nov 06	17.66	1.83	22.34	3.94	1	58.00	10.24	1
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	16.31	0.00	19.65	3.20	1	49.74	8.11	2
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	13.81	4.29	-0.22	-0.03	3	5.11	0.71	2
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	4.12	0.18	0.33	0.01	4	-0.42	-0.02	4
Total Portfolio		100.00	2.06	12.72			28.14
Selected Benchmark	Keith Baker Pension Benchmark - Jan 95			9.65			24.88

Performance figures to last price date, rebased in Pounds Sterling, ordered by largest original holdings.
Total portfolio contribution values may not match the total portfolio performance values as this portfolio is subject to rebalancing.
Estimated contribution values are based on the percentage weightings being correct at the start of the analysed performance period.
Please note: Historic yield figures will only be provided for funds with at least 12 months of performance history.

Portfolio Composition - Fund Information
Fund Manager*	Name	Fund Launch Date	Industry Sector	Morningstar Medalist Rating	FE fundinfo Risk Score
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	23/09/1992	UT Short Term Money Market		1
Lazard Fund Managers	Developing Markets B Acc - Sep 10	30/09/2010	UT Global Emerging Markets	NEUTRAL	163
Liontrust	European Dynamic I Inc - Nov 06	15/11/2006	UT Europe Excluding UK	BRONZE	127
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	17/06/1993	UT Global	NEUTRAL	98
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	03/10/1986	UT UK Gilts	NEUTRAL	51
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	08/11/1991	UT Europe Excluding UK	NEGATIVE	123


Fund Manager*	Name	Fund Size	Fund Manager*	Fund Manager Start Date*	AMC	TER	OCF
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	£4,302.0m	John Wherton	12/08/2016	0.25%	-	0.25%
Lazard Fund Managers	Developing Markets B Acc - Sep 10	£3.2m	Kevin O'Hare	30/09/2010	1.50%	-	1.56%
Liontrust	European Dynamic I Inc - Nov 06	£2,893.5m	James Inglis-Jones	15/11/2006	0.75%	-	0.84%
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	£483.7m	John Chatfeild-Roberts	30/04/1997	-	-	2.26%
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	£145.9m	James Ringer	30/06/2020	0.58%	-	0.58%
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	£172.2m	Ben Ritchie	01/09/2015	1.20%	-	1.30%

*This information relates to the underlying Unit Trust / OEIC Fund

Portfolio ESG Analysis
Manager	Name	UK SDR Label	ISS ESG Fund Rating Stars‡
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92
Lazard Fund Managers	Developing Markets B Acc - Sep 10
Liontrust	European Dynamic I Inc - Nov 06
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91

‡ Data Provided by ISS ESG. https://www.issgovernance.com/esg/fund-rating/

Portfolio Ratios
Fund Manager	Name	Volatility	Alpha	Beta	Sharpe	r²
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	0.20	4.50	0.00	5.15	0.00
Lazard Fund Managers	Developing Markets B Acc - Sep 10	17.62	1.84	2.34	1.03	0.78
Liontrust	European Dynamic I Inc - Nov 06	12.32	2.96	1.66	1.11	0.80
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	10.90	3.65	1.44	1.16	0.78
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	6.50	-2.66	0.61	0.00	0.39
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	13.84	-11.08	1.67	0.00	0.64
Total Portfolio		7.27	0.32	1.08	0.82	0.98
Selected Benchmark	Keith Baker Pension Benchmark - Jan 95	6.66	-	-	0.74	1.00

Ratio figures based on last 36 months total return performance, rebased in Pounds Sterling. Ratio figures are annualised where applicable.
The benchmark for each holding is the portfolio benchmark.

Cumulative Performance - % growth
Fund Manager*	Name	1 Month	3 Months	6 Months	1 Year	2 Years	3 Years	4 Years	5 Years	Since 30/09/2010*
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	0.32	0.93	1.88	3.79	8.40	14.08	18.41	18.85	19.54
Lazard Fund Managers	Developing Markets B Acc - Sep 10	-2.36	-2.55	22.39	36.19	66.98	72.16	68.87	50.20	106.40
Liontrust	European Dynamic I Inc - Nov 06	-1.35	-1.63	13.03	22.34	43.28	58.00	90.36	81.64	498.87
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	-1.69	2.14	12.48	19.65	40.30	49.74	63.45	53.69	265.30
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	-1.63	-2.53	-1.74	-0.22	-3.26	5.11	-2.63	-25.63	7.93
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	-4.82	-0.34	6.92	0.33	-11.16	-0.42	6.78	-14.72	139.80
Total Portfolio		-1.43	-0.85	8.17	12.72	21.21	28.14	31.54	17.53	53.35
Selected Benchmark	Keith Baker Pension Benchmark - Jan 95	-1.63	-1.59	5.52	9.65	16.69	24.88	27.43	13.33	59.30

*Earliest historic collective date for all selected instruments.

Discrete Performance - % growth

Fund Manager*

Name

17/09/2025 -
17/09/2026

17/09/2024 -
17/09/2025

17/09/2023 -
17/09/2024

17/09/2022 -
17/09/2023

17/09/2021 -
17/09/2022

Legal & General UT Mgr Ltd

Cash Trust R Acc - Sep 92

3.79

4.44

5.24

3.80

0.37

Lazard Fund Managers

Developing Markets B Acc - Sep 10

36.19

22.60

3.10

-1.91

-11.06

Liontrust

European Dynamic I Inc - Nov 06

22.34

17.12

10.27

20.48

-4.58

Jupiter Unit Trust Mgrs Ltd

Merlin Worldwide Portfolio L Inc - Jun 93

19.65

17.26

6.73

9.16

-5.97

Schroder UT Managers

Gilt and Fixed Interest A Acc - Feb 91

-0.22

-3.04

8.65

-7.37

-23.61

abrdn Fund Managers Limited

Europe ex UK Equity A Acc - Nov 91

0.33

-11.46

12.09

7.23

-20.13

Total Portfolio

12.72

7.53

5.72

2.66

-10.65

Selected Benchmark

Keith Baker Pension Benchmark - Jan 95

9.65

6.43

7.02

2.04

-11.06

1 Year Scatter Chart Display Gridlines

Please note the mean volatility and performance lines show the mean of the portfolio members plotted on the chart not the mean of all the portfolio members.

1 Year Scatter Chart
Key		Name	Performance	Volatility	Holding (%)
	F1	Legal & General UT Mgr Ltd - Cash Trust R Acc - Sep 92	3.79	0.12	28.03
	F2	Lazard Fund Managers - Developing Markets B Acc - Sep 10	36.19	25.71	20.07
	F3	Liontrust - European Dynamic I Inc - Nov 06	22.34	14.62	17.66
	F4	Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	19.65	13.46	16.31
	F5	Schroder UT Managers - Gilt and Fixed Interest A Acc - Feb 91	-0.22	6.24	13.81
	F6	abrdn Fund Managers Limited - Europe ex UK Equity A Acc - Nov 91	0.33	13.24	4.12
		Total Portfolio	12.72	10.22
		Benchmark - Portfolio - Keith Baker Pension Benchmark - Jan 95	9.65	9.39

3 Year Scatter Chart Display Gridlines

Please note the mean volatility and performance lines show the mean of the portfolio members plotted on the chart not the mean of all the portfolio members.

3 Year Scatter Chart
Key		Name	Performance	Volatility	Holding (%)
	F1	Legal & General UT Mgr Ltd - Cash Trust R Acc - Sep 92	14.08	0.20	28.03
	F2	Lazard Fund Managers - Developing Markets B Acc - Sep 10	72.16	17.62	20.07
	F3	Liontrust - European Dynamic I Inc - Nov 06	58.00	12.32	17.66
	F4	Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	49.74	10.90	16.31
	F5	Schroder UT Managers - Gilt and Fixed Interest A Acc - Feb 91	5.11	6.50	13.81
	F6	abrdn Fund Managers Limited - Europe ex UK Equity A Acc - Nov 91	-0.42	13.84	4.12
		Total Portfolio	28.14	7.27
		Benchmark - Portfolio - Keith Baker Pension Benchmark - Jan 95	24.88	6.66

Split by Asset Class

Original Portfolio Weightings
Asset Allocations chart

	Money Market (29.21%)
	European Equities (21.54%)
	Asia Pacific Emerging Equities (15.75%)
	Fixed Interest (13.58%)
	Other International Equities (11.78%)
	Japanese Equities (4.26%)
	American Emerging Equities (1.87%)
	European Emerging Equities (1.32%)
	North American Equities (0.67%)
	UK Equities (0.02%)

Portfolio breakdown per holdings based on original percentage weightings


Fund Manager*	Name	Money Market (%)	European Equities (%)	Asia Pacific Emerging Equities (%)	Fixed Interest (%)	Other International Equities (%)	Japanese Equities (%)	American Emerging Equities (%)	European Emerging Equities (%)	North American Equities (%)	UK Equities (%)	Total held (%)
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	28.03	-	-	-	-	-	-	-	-	-	28.03
Lazard Fund Managers	Developing Markets B Acc - Sep 10	0.60	0.26	14.79	-	0.70	-	1.87	1.32	0.50	-	20.05
Liontrust	European Dynamic I Inc - Nov 06	0.25	17.41	-	-	-	-	-	-	-	-	17.66
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	0.02	-	0.96	-	11.07	4.26	-	-	-	0.02	16.33
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	0.23	-	-	13.58	-	-	-	-	-	-	13.81
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	0.09	3.87	-	-	-	-	-	-	0.16	-	4.12
Total Portfolio		29.21	21.54	15.75	13.58	11.78	4.26	1.87	1.32	0.67	0.02	100.00

Portfolio breakdown and holdings are based on latest published data for each constituent which may have different publication dates.
Portfolio start date is required to calculate current weightings.

Split by Geographical Region

Original Portfolio Weightings
Geographical Allocations chart

	Europe ex UK (30.56%)
	UK (16.56%)
	Asia (15.75%)
	International (13.58%)
	North America (7.72%)
	Japan (6.13%)
	Australasia (3.06%)
	Americas (1.88%)
	European Emerging Markets (1.32%)
	Other (3.41%)

Portfolio breakdown per holdings based on original percentage weightings


Fund Manager*	Name	Europe ex UK (%)	UK (%)	Asia (%)	International (%)	North America (%)	Japan (%)	Australasia (%)	Americas (%)	European Emerging Markets (%)	Other (%)	Total held (%)
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	9.28	3.20	-	2.41	6.90	1.88	3.06	-	-	1.29	28.00
Lazard Fund Managers	Developing Markets B Acc - Sep 10	-	-	14.79	-	0.50	-	-	1.87	1.32	1.57	20.05
Liontrust	European Dynamic I Inc - Nov 06	17.41	-	-	-	-	-	-	-	-	0.25	17.66
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	-	0.02	0.96	11.07	-	4.26	-	-	-	0.02	16.32
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	-	13.27	-	0.09	0.16	-	-	0.01	-	0.29	13.81
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	3.87	0.08	-	0.01	0.16	-	-	-	-	-	4.12
Total Portfolio		30.56	16.56	15.75	13.58	7.72	6.13	3.06	1.88	1.32	3.41	99.97

Portfolio breakdown and holdings are based on latest published data for each constituent which may have different publication dates.
Portfolio start date is required to calculate current weightings.

Split by Stock Sector

Original Portfolio Weightings
Stock Allocations chart

	Money Market (29.04%)
	Financials (14.01%)
	Government Bonds (13.13%)
	Telecom, Media & Technology (12.41%)
	Industrials (6.31%)
	Consumer Products (5.69%)
	Basic Materials (4.40%)
	Health Care (2.01%)
	Cash Derivatives (0.25%)
	Others (12.78%)

Portfolio breakdown per holdings based on original percentage weightings


Fund Manager*	Name	Money Market (%)	Financials (%)	Government Bonds (%)	Telecom, Media & Technology (%)	Industrials (%)	Consumer Products (%)	Basic Materials (%)	Health Care (%)	Cash Derivatives (%)	Others (%)	Total held (%)
Legal & General UT Mgr Ltd	Cash Trust R Acc - Sep 92	28.03	-	-	-	-	-	-	-	-	-	28.03
Lazard Fund Managers	Developing Markets B Acc - Sep 10	0.60	3.13	-	9.47	2.71	2.67	0.94	0.34	-	0.22	20.09
Liontrust	European Dynamic I Inc - Nov 06	-	5.71	-	2.08	2.80	2.58	2.95	1.29	0.25	-	17.66
Jupiter Unit Trust Mgrs Ltd	Merlin Worldwide Portfolio L Inc - Jun 93	0.08	3.97	-	-	-	-	-	-	-	12.26	16.31
Schroder UT Managers	Gilt and Fixed Interest A Acc - Feb 91	0.25	0.17	13.13	-	0.05	-	-	-	-	0.21	13.81
abrdn Fund Managers Limited	Europe ex UK Equity A Acc - Nov 91	0.09	1.02	-	0.86	0.75	0.44	0.51	0.37	-	0.09	4.13
Total Portfolio		29.04	14.01	13.13	12.41	6.31	5.69	4.40	2.01	0.25	12.78	100.03

Portfolio breakdown and holdings are based on latest published data for each constituent which may have different publication dates.
Portfolio start date is required to calculate current weightings.

Historical Portfolio Asset Class

Key	Asset Classes
	Money Market
	European Equities
	Asia Pacific Emerging Equities
	Fixed Interest
	International Equities
	Japanese Equities
	American Emerging Equities
	European Emerging Equities
	North American Equities
	Others

Historical Portfolio Geographical Breakdown

Key	Geographical Region
	Europe ex UK
	UK
	Asia
	International
	North America
	Japan
	Australasia
	Americas
	European Emerging Markets
	Others

Historical Portfolio Sector Weightings

Key	Sector Weightings
	Money Market
	Financials
	Government Bonds
	Others
	Telecom, Media & Technology
	Industrials
	Consumer Products
	Basic Materials
	Health Care
	Cash Derivatives

Stock Overlap
WS MORANT WRIGHT JAPAN B INC - Held by 1/6	Position of Stock in each fund's Top Ten Holdings	Portfolio % 4.29%
Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	1	4.29
Jupi Gbl Value Fd-Igbpqincd - Held by 1/6		Portfolio % 2.97%
Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	2	2.97
MFS Meridian Contrarian Value - Held by 1/6		Portfolio % 2.08%
Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	3	2.08
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - Held by 1/6		Portfolio % 1.99%
Legal & General UT Mgr Ltd - Cash Trust R Acc - Sep 92	1	1.99
SAMSUNG ELECTRONICS CO., LTD - Held by 1/6		Portfolio % 1.79%
Lazard Fund Managers - Developing Markets B Acc - Sep 10	1	1.79
BLUEBOX GLOBAL TECHNOLOGY J ACC USD - Held by 1/6		Portfolio % 1.73%
Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	4	1.73
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED - Held by 1/6		Portfolio % 1.71%
Lazard Fund Managers - Developing Markets B Acc - Sep 10	2	1.71
BANK OF NOVA SCOTIA (THE) - Held by 1/6		Portfolio % 1.49%
Legal & General UT Mgr Ltd - Cash Trust R Acc - Sep 92	2	1.49
ABN AMRO - Held by 1/6		Portfolio % 1.35%
Legal & General UT Mgr Ltd - Cash Trust R Acc - Sep 92	3	1.35
Janus Henderson Horizon Global Smaller Companies - Held by 1/6		Portfolio % 1.27%
Jupiter Unit Trust Mgrs Ltd - Merlin Worldwide Portfolio L Inc - Jun 93	5	1.27

ref: Keith Baker Pension