Jacob Reynolds (aka Jake – Courtiers Asset Management Director) and James Timpson (Head of Asset Management & Fund manager) cover key questions including:• A year on from the tariff fallout, how have the funds performed this quarter?• Oil is at the top of the written report this quarter when it’s normally at the bottom. Is 2026 all about oil?• What performs well and badly in environments like this?• Any reasons to be cheerful in what's been dubbed "Awful April"?Issued by Courtiers Asset Management Limited, CAM0426051. Courtiers Asset Management Limited is Authorised and Regulated by the Financial Conduct Authority – Register No: 616322. Address: 18 Hart Street, Henley on Thames, Oxfordshire RG9 2AU. Tel: 01491 578368. Important informationPast performance is not a reliable indicator of future returns. The value of investments, and the income from them, can go down as well as up and is not guaranteed and you may not get back the amount originally invested. Any forecast, projection or target where provided is indicate only and is not guaranteed in any way. Certain types of funds might carry a greater investment risk than other investment funds. Further details of the risks are associated with investing in Courtiers funds can be found in the Key Investor Information Document or Prospectus, copies of which are available on request or at www.courtiers.co.uk.DisclaimerThis communication is for information purposes only and should not be relied upon in making an investment decision. The views expressed by individuals and the business are based on market conditions at the date of issue and are subject to change without notice. The mention of any stocks or shares should not be taken as recommendation to deal and does not take into account the individual investor’s investment objective or risk profile. Where an investment or security is denominated in a different currency to the investor’s currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. Any third party sites, or pages which are linked to the document, have not b...

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