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Contact details

ManagerGroupLogo
1 Sovereign Court, Graham Street, Birmingham, B1 3JR
0121 236 2330 (Fax Number)
0121 236 2380 (Main Number)

admin@margetts.com

Fund managers

* Wayne Buttery13-Jan-2003 to Present
 
view    
Toby Ricketts»14-Jan-2003 to Present


Investment objectives

The Margetts Opes Income Fund is a fund-of-funds unit trust designed to deliver a combination of income and growth to a medium to long-term investor. The fund normally invests mostly into global equities but with a proportion into bonds too. It is a value-orientated portfolio that may use property or cash as well as equities and bonds to protect profits for investors. The level of yield is anticipated to be above that of the FTSE All-Share Index. The fund manager will exercise discretion, consideration and care in the construction of the portfolio in attempting to achieve the fund objectives.

Key Information

Fund vs sector

  1y 3y
Position 114 / 276 117 / 248
Quartile 2 2

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 2 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 7.56 9.79
Alpha -1.47 0.41
Beta 1.13 0.99
Sharpe 0.39 0.93
Info Ratio -0.29 0.11
R2 0.93 0.94
Quartiles:   1  2  3  4   help with ratios
vs. Global»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +1.3+35.6+40.4+15.2+16.2-8.8+13.5
  GLOBAL   +0.4+32.2+39.5+18.6+11.1-5.6+11.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf MARGETTS OPES GROWTH R ACC ACC 263.16 (p) 263.31 (p) 21-Oct-2014 n/a 1.81% I29O B4XW141
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf MARGETTS OPES GROWTH ACC ACC 259.75 (p) 272.90 (p) 21-Oct-2014 n/a 2.54% DJ88 3246997

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£15.4m / $24.9m (30-Sep-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch13-Jan-2003
Pricing times08:30 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:30
Minimum initial£ 1,000
Minimum additionaln/a
Initial charge5.00%
Annual management charge1.48%
Note to chargesn/a
Trustee / DepositaryBNY Mellon Trust & Depositary (UK) Limited
RegistrarBank of New York Mellon (International) Limited
Multi-ManagerUnfettered Fund of Funds
Indexn/a
Dividend policyJan 01, Jul 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Equity Mixed Global
Largest holdings, 30-Jun-2014
Holding (%) Rank Fund factsheet Equity factsheet
POLAR CAPITAL GLOBAL INSURANCE F ACC GBP 7.79 1 * -
FIRST STATE ASIA PACIFIC LEADERS B GBP ACC 6.77 2 * -
INVESCO PERPETUAL EUROPEAN EQUITY INCOME Z ACC 6.46 3 * -
NEWTON ASIAN INCOME W ACC GBP 6.46 4 * -
ABERDEEN ASIA PACIFIC EQUITY I ACC 6.22 5 * -
Schroder Asian Income Z Acc 6.10 6 - -
BLACKROCK EUROPEAN DYNAMIC D ACC 5.90 7 * -
FIDELITY AMERICAN SPECIAL SITUATIONS W ACC 5.84 8 * -
VANGUARD US EQUITY INDEX ACC 5.82 9 * -
TROJAN INCOME O ACC 5.14 10 * -
Total62.50 
Regional weightings, 30-Sep-2014
Region(%)Rank 
North America20.701 20.70% North America
Emerging Asia17.802 17.80% Emerging Asia
UK17.003 17.00% UK
Asia Pacific15.304 15.30% Asia Pacific
Europe11.305 11.30% Europe
Others5.506 5.50% Others
Commodity & Energy4.507 4.50% Commodity & Energy
American Emerging Markets4.208 4.20% American Emerging Markets
Money Market3.709 3.70% Money Market
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Financials21.651 21.65% Financials
Industrials10.382 10.38% Industrials
Information Technology8.113 8.11% Information Technology
Health Care5.984 5.98% Health Care
Consumer Staples5.615 5.61% Consumer Staples
Consumer Discretionary4.726 4.72% Consumer Discretionary
Energy4.447 4.44% Energy
Utilities3.638 3.63% Utilities
Money Market3.579 3.57% Money Market
Insurance3.4210 3.42% Insurance
Consumer Services3.2811 3.28% Consumer Services
Business Services2.8112 2.81% Business Services
Telecommunications2.6613 2.66% Telecommunications
Materials2.6414 2.64% Materials
Telecommunications Utilities2.3415 2.34% Telecommunications Utilities
Consumer Goods2.2916 2.29% Consumer Goods
Oil & Gas1.9317 1.93% Oil & Gas
Diversified Industrials1.3518 1.35% Diversified Industrials
Basic Materials1.1519 1.15% Basic Materials
Technology1.0720 1.07% Technology
Others1.0121 1.01% Others
Cyclical Consumer Goods1.0022 1.00% Cyclical Consumer Goods
Retail0.7523 0.75% Retail
Communications0.7524 0.75% Communications
Gold0.6925 0.69% Gold
Non-Cyclical Consumer Goods0.6526 0.65% Non-Cyclical Consumer Goods
Metal Products0.6427 0.64% Metal Products
Life Insurance0.4328 0.43% Life Insurance
Miscellaneous0.3929 0.39% Miscellaneous
Financial Services0.3530 0.35% Financial Services
Coal0.1231 0.12% Coal
Exploration0.1132 0.11% Exploration
Other Metals0.0633 0.06% Other Metals
Unit Trusts0.0134 0.01% Unit Trusts
Fishery, Agriculture & Forestry0.0035 0.00% Fishery, Agriculture & Forestry
Alternative Assets0.0036 0.00% Alternative Assets
Total99.99 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

North American Equities, 20.70%
20.7000% ofNorth American Equities
Asia Pacific Emerging Equities, 17.80%
17.8000% ofAsia Pacific Emerging Equities
UK Equities, 17.00%
17.0000% ofUK Equities
Asia Pacific Equities, 15.30%
15.3000% ofAsia Pacific Equities
European Equities, 11.30%
11.3000% ofEuropean Equities
International Equities, 10.00%
10.0000% ofInternational Equities
American Emerging Equities, 4.20%
4.2000% ofAmerican Emerging Equities
Money Market, 3.70%
3.7000% ofMoney Market

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