How to Read a PMS Factsheet: Turnover, Cash, and Drift in Plain Words

A PMS factsheet can look like a marketing page unless you know where to look. A professional reads it like a diagnostic report: it shows what the portfolio is, and how it behaves.

Turnover tells you how active the strategy is. Cash levels tell you whether the manager is defensive or fully invested. Sector and stock changes over time reveal drift, which is when a strategy slowly changes its identity without a formal mandate change.

If you learn these three lenses, monitoring becomes easier. You stop reacting to short-term performance and start evaluating whether the PMS is staying true to its stated role.

Truvest Insight: Factsheets are behaviour, not brochures.

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