T. Bailey Asset Management

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T. Bailey Asset Management
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Stability, Focus and Independence
Jason Britton Director and Co-Fund Manager
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About T. Bailey

• 100 owned by Forman Hardy Holdings, a
  Nottingham-based family business, investing its
  money for over 150 years. Private ownership
  provides stability and insulation from the
  corporate lottery of todays financial services
  industry.
• An experienced team, managing only funds of funds
  we have a focus that allows us to build on our
  strengths to the ultimate benefit of fund
  performance.
• T. Bailey does not manage any individual single
  manager funds. This allows us the rare luxury of
  true objectivity with no perception of conflict
  and total independence.

This is how we believe things should be done.
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Stability T. Bailey's Investment Team

• Richard Martin
• CIO and co-manager of the T. Bailey Funds. He
  has extensive experience of directly managing a
  wide range of funds and previously worked for
  Capital House / Newton and Scottish Amicable in
  senior positions, is a non-executive director of
  various investment trusts and chairs the
  Investment Committee of the National Trust for
  Scotland. This ensures T. Bailey is always aware
  of the latest thinking and investment ideas in
  the market place, supplementing its own research.
• Jason Britton
• Oxford mathematics graduate and ACA with over 14
  years experience of financial services.
  Previously with Deloitte, he has worked with the
  T. Bailey funds since their launch in 1999 and is
  currently co-manager. Main speciality is advanced
  quantitative analysis to help monitor and assess
  the ever increasing universe of investment funds
  (over 4,900 as at 18 June 2007).

An experienced and stable team.
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Focus Exclusively funds of funds
T. Bailey fund range

• Three equity portfolios (for UK equity income, UK
  growth and global growth) and,
• A multi-asset vehicle, the T. Bailey Cautious
  Managed Fund.
• All managed by Richard Martin and Jason Britton

T. Bailey UK Best Ideas Fund
T. Bailey Cautious Managed Fund
T. Bailey Growth Fund
T. Bailey Equity Income Fund

• About the T. Bailey Growth Fund
• Launched 13 December 1999. 161.6m (as at 31 July
  2007)
• Focussed on global equities (typically 40 UK
  60 ex UK) and,
• A Rated by OBSR.

• About the T. Bailey Equity Income Fund
• Launched 23 November 2004. 13.0m (as at 31 July
  2007)
• Holds open and closed ended products and,
• Currently yielding 120 of the yield of the FTSE
  All Share Index.

• About the T. Bailey UK Best Ideas Fund
• To be launched on 1 October 2007 and,
• Focussed on the best funds we can find in the UK
  space. Will hold just 10 funds with a 10
  allocation to each.

• About the T. Bailey Cautious Managed Fund
• Launched 2 May 2006. 40.9m (as at 31 July 2007)
  and,
• A multi-asset fund equities (0 to 60), fixed
  interest (0 to 60), property (0 to 30), cash
  (0 to 30) and other (0 to 10).

Exclusively focussed on funds of funds.
Source T. Bailey
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T. Baileys Investment Process

• Performance strong and consistent long-term
  performance?
• Process clear, repeatable and understandable
  investment process?
• People experienced and committed manager in an
  investment house with a stable long-term
  ownership?
• If you are judging us on the number of Ps we
  have then here are a few others

Persistence
Pertinence
Pragmatism
Permanence
Personality
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The Importance of Independence

• Independence is vital but often overlooked. At T.
  Bailey we only manage funds of funds so we do not
  have any single manager funds that could cloud
  our thinking.
• Whilst other groups may work around perceived
  conflicts, this does not always address clients
  concerns that funds are being chosen on merit
  alone and free of potential bias.
• Our total independence assists in reassuring
  clients that the very best funds are being chosen
  for them.

In our experience, it is not just important to be
independent but to be seen to be independent.
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Independence Lets look at some statistics
Funds of funds groups holding funds from the same
house
Fund of funds group Investing in funds from Investing in funds from Investing in funds from
Fund of funds group Gartmore New Star Jupiter
Gartmore
New Star
Jupiter
0
1
0
0
2
0
0
0
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Source Various fund management groups listed.
Latest data available as of 22 August 2007
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T. Baileys Charges

• All our funds have the same charging structure
• Retail with commission
• Minimum investment 1,000 or 50 pcm
• Up to 5 initial commission (dependent on deal
  size).
• AMC 1.50 with 0.75 paid as standard trail
  commission.
• Institutional no commission ideal for fee based
  advisers
• Minimum investment 30,000
• No initial charge.
• AMC 0.75.

Available at all good supermarkets including
Initial terms for investments Up to 7k 7k to 14k 14k to 20k 20k to 30k Over 30k
T. Baileys Charge 1.00 0.75 0.50 0.25 0.00
Available to advisers for commission or discount 4.00 4.25 4.50 4.75 5.00
Total 5.00 5.00 5.00 5.00 5.00
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Summary What you get from T. Bailey

• Stability of corporate structure and management
  team.
• A investment house 100 focussed on funds of
  funds and performance.
• Fund selection that is independent with the
  absence of any perceived conflict.
• A choice of charging structures
• Institutional from 30,000 with no trail
  commission and,
• Retail with 0.75 trail commission as standard.

Thank you for listening.
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Risk Warnings

• This presentation is issued by T. Bailey Asset
  Management Limited (TBAM).
• TBAM is authorised and regulated by the Financial
  Services Authority No. 190291.
• For Investment Professionals only.
• The T. Bailey Funds are designed for investors
  seeking a core investment vehicle in UK and
  worldwide equities, and are subject to normal
  stock market fluctuations and other risks
  inherent in such investments.
• The value of your investment and the income
  derived from it can go down as well as up, and
  you may not get back the money you invested.
  Investments in overseas equities may be affected
  by changes in exchange rates, which could cause
  the value of your investment to increase or
  diminish. Capital appreciation in the early
  years will be adversely affected by the impact of
  initial charges (retail class only initial
  charge on institutional class is zero), and you
  should therefore regard your investment as medium
  to long-term.
• Full details of the T. Bailey Funds, including
  risk warnings, are published in the T. Bailey
  Funds Simplified Prospectus, available on
  request from TBAM. Investors should read this
  document prior to investing.
• Past performance is not a guide to future
  performance.
• This document has been produced for information
  only and represents the views of TBAM at the time
  of writing. It should not be construed as
  investment advice. No investment decisions
  should be made without first seeking advice. T.
  Bailey Asset Management do not provide financial
  advice to private individuals.
• Every effort is taken to ensure the accuracy of
  the data used in this presentation but no
  warranties are given. Based on TBAMs
  understanding of current law and practice which
  could alter as a result of future legislation.
  All sources TBAM unless otherwise stated.
• The investment methodology and risk controls
  defined here stand as guidelines and not rules.
  Occasional deviations from these parameters may
  occur.
• TBAM is registered in England Wales Number
  3720372. Registered Office 64 St. Jamess Street
  Nottingham NG1 6FJ.

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T. Bailey Asset Management

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