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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 92 / 199 73 / 168
Quartile 2 2

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 3 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 7.51 8.73
Alpha -2.25 0.11
Beta 1.36 1.04
Sharpe 0.16 0.76
Info Ratio -0.15 0.17
R2 0.87 0.90
Quartiles:   1  2  3  4   help with ratios
vs. Flexible Investment»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +1.2+26.3+47.9+14.6+8.9+1.3+15.6
  FLEXIBLE INVESTMENT   +1.0+23.6+39.2+16.5+5.0-0.1+12.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf MARGETTS OPES INCOME R INC INC 161.50 (p) 161.69 (p) 30-Oct-2014 n/a 1.85% I29H B83VP22
pdf MARGETTS OPES INCOME R ACC ACC 240.96 (p) 241.22 (p) 30-Oct-2014 n/a 1.85% I29I B8K7MQ6
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf MARGETTS OPES INCOME INC INC 159.19 (p) 167.37 (p) 30-Oct-2014 0.00 2.58% DJ89 3246975
pdf MARGETTS OPES INCOME ACC ACC 237.76 (p) 249.97 (p) 30-Oct-2014 0.00 2.58% DJ90 3246986

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£7.1m / $11.3m (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 Mixed Asset *None Flexible Investment
Largest holdings, 30-Jun-2014
Holding (%) Rank Fund factsheet Equity factsheet
Schroder Asian Income Z Inc 10.49 1 - -
NEWTON ASIAN INCOME W INC GBP 10.42 2 * -
INVESCO PERPETUAL EUROPEAN EQUITY INCOME Z INC 8.73 3 * -
SOMERSET EMERGING MARKETS DIVIDEND GROWTH A INC GBP 7.52 4 * -
POLAR CAPITAL EMERGING MARKETS INCOME I INC GBP 7.50 5 * -
STANDARD LIFE INVESTMENTS UK EQUITY INCOME UNCONSTRAINED INST INC 7.28 6 * -
FIDELITY MONEYBUILDER DIVIDEND Y INC 5.71 7 * -
TROJAN INCOME O INC 5.71 8 * -
MARGETTS ARDEVORA UK INCOME A INC 5.66 9 * -
NEWTON EMERGING INCOME W INC 5.64 10 * -
Total74.66 
Regional weightings, 30-Sep-2014
Region(%)Rank 
UK43.101 43.10% UK
Emerging Asia15.802 15.80% Emerging Asia
Asia Pacific14.403 14.40% Asia Pacific
Europe11.404 11.40% Europe
Others7.505 7.50% Others
Money Market3.206 3.20% Money Market
American Emerging Markets2.807 2.80% American Emerging Markets
International1.808 1.80% International
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
BB39.921 39.92% BB
B17.462 17.46% B
BBB12.213 12.21% BBB
Others8.024 8.02% Others
AAA5.355 5.35% AAA
Money Market4.796 4.79% Money Market
Non-Rated4.077 4.07% Non-Rated
CCC2.968 2.96% CCC
AA2.549 2.54% AA
A1.4310 1.43% A
D0.5511 0.55% D
Total99.30 

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

UK Equities, 40.40%
40.4000% ofUK Equities
Asia Pacific Emerging Equities, 15.80%
15.8000% ofAsia Pacific Emerging Equities
Asia Pacific Equities, 14.40%
14.4000% ofAsia Pacific Equities
European Equities, 11.40%
11.4000% ofEuropean Equities
Others, 7.50%
7.5000% ofOthers
Money Market, 3.20%
3.2000% ofMoney Market
American Emerging Equities, 2.80%
2.8000% ofAmerican Emerging Equities
UK Fixed Interest, 2.70%
2.7000% ofUK Fixed Interest
Global Fixed Interest, 1.80%
1.8000% ofGlobal Fixed Interest

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