In its latest Assessment of Value (AoV) report, all share classes across four of its five actively managed funds, Cirilium Conservative, Balanced, Moderate and Dynamic, underperformed in their investment association sector comparators and market benchmarks for the five years up to March 31, 2026.

The firm also red-flagged 17 sub-advised funds used as underlying building blocks within its WealthSelect Model Portfolio Service (MPS).

Quilter stated in its report that it had removed “fixed” volatility targets to avoid forced de-risking during market dips in March 2026 following the appointments of new managers in 2022, fee cuts in 2023 and a strategic asset allocation refresh in 2024.

The report flagged its standalone strategies including Asia Pacific (ex-Japan)Equity, Europe (ex-UK) Equity Growth and its Precious Metals Equity for performance.

Quilter is considering active remedies for Global Dynamic Equity and its Global Equity Growth, with decision to be made before the end of this year.

It confirmed it has closed down the UK Equity 2 following a red-flag in last year’s AoV report.

However, the firms Cirilium Passive was the only multi-asset range to have achieved green flags across all pillars.

Non-executive director and chair of the investment committee at Quilter Investors, Sarah Fromson, said: “I am pleased to report that the majority of our portfolios have delivered value to our investors for this assessment period. However, a number of funds have not. 

“Please be assured that where a fund or portfolio has not consistently delivered value, we will act accordingly. In some cases, this means taking specific action to address identified issues; in others, we believe it is more appropriate to implement
enhanced monitoring over the next assessment period before determining whether further action is required.

“While we seek to improve outcomes as quickly as possible, the benefits of any actions taken may not be immediate and can take time to be reflected in fund or portfolio performance.”