Fact sheet: MGTS Ardevora UK Income

Fund information
Fund name
MGTS Ardevora UK Income Inst Acc
Fund manager company
Margetts Fund Management
Fund type
OEIC
Fund managers
  • Jeremy Langsince 01/04/2012
  • William Pattissonsince 01/04/2012
Fund objective
The Investment objective of the Sub-fund is to achieve income and long-term capital appreciation with a bias towards income. To achieve this, the Sub-fund will primarily invest in a focused portfolio across a diversified range of UK equity or equity-related securities (such as ordinary and preference shares, global depositary receipts and American depositary receipts) listed or traded on Regulated Markets.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
13.4%
1 Year rank in sector
72/90
Sector
UT UK Equity Income
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.94%
Fund size
£80m (£69m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
91
Mid price
192.27
Top in this sector
Fund name1 Year
UBS UK Equity Income50.2%
Scot Wid Fdmtl Index UK Equity39.5%
HC Charteris Prem Inc33.7%
SVS Church House DeepValInvts30.4%
JOHCM UK Equity Income29.4%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK98%
    Money Market2%
  • Consumer Staples22%
    Industrials20%
    Cyclical Consumer Goods16%
    Utilities12%
    Health Care10%
  • UK Equities98%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.9%0.1%4.3%13.4%23.5%-
Sector3.3%3.4%10.4%17.9%18.4%68.1%
Rank within sector5 / 9683 / 9586 / 9472 / 9022 / 82-
Quartile1st4th4th4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.3%2.8%17.2%1.4%34.2%
Sector2.1%9.1%4.9%2.8%24.8%
Rank within sector5 / 9780 / 902 / 8561 / 829 / 78
Quartile1st4th1st3rd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.01
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.31
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
10.97
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.32
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.13
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.66
Price movement
52 week high198.62
52 week low160.51
Current bid price-
Current offer price-
Current mid price192.27
Region
1UK98%
2Money Market2%
Industry sector
1Consumer Staples22%
2Industrials20%
3Cyclical Consumer Goods16%
4Utilities12%
5Health Care10%
6Basic Materials4%
7Energy4%
8Technology4%
9Financial Services3%
Asset type
1UK Equities98%
2Money Market2%
Individual holdings
1DIAGEO6.06%
2GLAXOSMITHKLINE6.04%
3BRITISH AMERICAN TOBACCO6.01%
4DIXONS CARPHONE PLC4.3%
5ROYAL MAIL PLC4.23%
6SKY PLC3.72%
7SMITH & NEPHEW3.11%
8ROYAL DUTCH SHELL3.1%
9RENTOKIL INITIAL3.05%
Management
Fund manager group
Margetts Fund Management
Fund manager company
Margetts Fund Management
Fund type
OEIC
Fund objective
The Investment objective of the Sub-fund is to achieve income and long-term capital appreciation with a bias towards income. To achieve this, the Sub-fund will primarily invest in a focused portfolio across a diversified range of UK equity or equity-related securities (such as ordinary and preference shares, global depositary receipts and American depositary receipts) listed or traded on Regulated Markets.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jeremy Lang01/04/2012Jeremy has worked with William Pattisson for much of his investment management career. He joined James Capel Fund Managers in 1986 where he and William managed North American and UK Equities. Jeremy left James Capel in 1991 to take up full-time sailing. He joined Liontrust Asset Management in 1995 and, in 1999, renewed his partnership with William at Liontrust where they were responsible for all investment management operations and the management of UK equity portfolios. Jeremy left Liontrust in April 2009 and founded Ardevora in January 2010. Jeremy has a First Class degree in Economics and Econometrics from University of York and is a Master in Economics of Finance and Investment from University of Exeter.
William Pattisson01/04/2012William has worked with Jeremy Lang for much of his investment management career. He joined James Capel Fund Managers in 1986 where he and Jeremy managed North American and UK Equities. In 1994, William moved to Fleming Investment Management where he became Head of the UK Equity Specialist team before being appointed to be the Head of UK Equities. In 1999, he renewed his partnership with Jeremy at Liontrust Asset Management where they were responsible for all investment management operations and the management of UK equity portfolios. William left Liontrust in April 2009 and founded Ardevora in January 2010. William has an Honours Degree in Chemistry from Oxford University.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MGTS Ardevora UK Income Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price192.27
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10V1
MGTS Ardevora UK Income Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price158.95
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code10V2
MGTS Ardevora UK Income Ret Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price189.35
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10V0
MGTS Ardevora UK Income Ret Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price157.7
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10UZ
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