Total Return
For ambitious investors seeking inflation-beating returns
Who Is This Strategy For?
This strategy is designed for investors with a high-risk tolerance and long-term goals, seeking to grow wealth meaningfully through a diversified portfolio of global growth assets.
- Aiming for strong real returns over time
- Willing to accept market volatility and drawdowns
- Long-term investment horizon (7–15+ years)
- Appropriate for surplus, aspirational or Generational Wealth
- Comfortable with active asset allocation across asset classes
Asset Allocation Guidelines
The strategy is primarily growth-focused, with limited use of stabilisers to manage drawdowns tactically. The neutral allocation is 90% growth, 10% stabilisers, with a flexibility of ±10%.
- Growth Assets: 85%–100% — Global equities, credit, alternatives
- Stabiliser Assets: 0%–15% — Gilts, cash, sovereign debt (used sparingly)
Philosophy & Features
The Total Return Strategy seeks strong real growth over the long term, using a high-conviction, diversified mix of global equities and credit assets. It suits investors with long timeframes and higher risk appetite.
- Targets CPI + 3% net of fees, benchmarked to the ARC Equity Risk Private Client Index
- Emphasises growth assets (85–100%) including equities, credit and diversifiers
- Constructed using a blend of direct securities, investment trusts, and specialist funds
- Actively managed with macro-led tactical shifts across geographies and sectors
- Modest stabiliser allocation used to moderate volatility when appropriate
- Designed for surplus, aspirational, or generational wealth allocations
ARC 3D Award
The ARC 3D Award indicates Tacit Investment Management’s engagement with ARC’s Investment Manager Research Programme and fulfilment of the due diligence criteria. It is not a rating or endorsement of suitability for specific clients but a validation of our commitment to transparency.
Understanding Risk
We use a 7-Point Scale to help assess and match our investment strategies to your individual risk tolerance. Each strategy is mapped to a point on this industry-recognised scale, from 1 (Very Low Risk) to 7 (Very High Risk), so you can clearly understand the expected level of risk and potential volatility.
Key Risks
As a higher-risk growth strategy, this portfolio is more sensitive to market conditions. The value of investments may fluctuate significantly, and capital is not guaranteed.
- Market Risk – High volatility expected due to equity and credit exposure
- Inflation Risk – Aims to beat inflation, but with no certainty of outcome
- Interest Rate Risk – Limited exposure to bonds may still impact performance
- Currency Risk – Global diversification introduces foreign exchange risk
- Liquidity Risk – Some specialist or thematic investments may have reduced liquidity
- Liquidity Risk – Less common in listed markets, but may occur in certain equity segments
How We Manage the Portfolio
All Tacit strategies are actively managed using a disciplined, research-led investment process that combines top-down macroeconomic insight with structured risk management. Our approach is designed to adapt to changing market conditions while remaining anchored in long-term objectives.
- Portfolios are monitored continuously and adjusted on a discretionary basis within defined asset allocation ranges
- Tactical shifts are informed by in-house macroeconomic analysis, including indicators such as corporate earnings, market liquidity, sentiment, and valuations
- Diversification is assessed through correlation analysis, focusing on effective risk spreading rather than number of holdings
- Each strategy is managed within strategic allocation guardrails, with a neutral asset mix and defined minimum/maximum exposure to growth and stabiliser assets
- Portfolios are constructed using a combination of direct securities, bonds, and collective vehicles (e.g. ETFs, funds), chosen to express views across asset class, size, style, sector, region and theme
Document Downloads
Further Reading & Downloads
For more detailed information about this strategy and how it could work for you, please explore the following downloadable resources.
Monthly Factsheet
Download the latest factsheet for the Tacit UK Total Return strategy
ARC PCI Factsheet
Download the latest ARC PCI quarterly factsheet for the GBP Cautious universe
Risk Warning & Disclaimer
The value of investments and the income derived from them can fall as well as rise. You may not get back the full amount you invested. Past performance is not a reliable indicator of future results. The information on this page does not constitute investment advice or a personal recommendation. Any investment decisions should be made based on your individual circumstances and objectives, and in consultation with a qualified financial adviser.
Tax treatment depends on individual circumstances and may change in the future. Tacit Investment Management does not provide tax advice. All investments carry risk, and you should ensure you fully understand the risks involved before proceeding.
Begin your journey
If you’re seeking a diversified, growth-focused portfolio and share our long-term investment mindset, we’d welcome the opportunity to introduce you to our Total Return Strategy.
Tell us a little about yourself using the form below, and a member of our team will be in touch to discuss your goals and how we might support them.
Prefer to speak directly? Call us on 0203 051 6450, we’d be happy to hear from you.
