Fact sheet: Margetts Providence Strategy

Fund information
Fund name
Margetts Providence Strategy R Acc
Fund manager company
Margetts Fund Management
Fund type
Unit Trust
Fund manager
  • Toby Rickettssince 01/01/2000
Fund objective
The objective of the Margetts Providence Strategy Fund is to provide a balance of long term capital growth and increasing income by investment in any economic sector in any geographic area in regulated collective investment schemes investing in a wide range of assets including equities, fixed interest and cash type instruments. Furthermore, the Manager will charge some or all of the annual management fee to the Fund’s capital account. This will increase the distributable income by that amount and reduce the capital by a similar amount. This may constrain capital growth.
Benchmark
  • IA OE Mixed Investment 20-60% Shares
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
14.3%
1 Year rank in sector
114/202
Sector
UT Mixed Investment 20%-60% Shares
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.
1.39%
Fund size
£180m (£189m 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.
52
Bid price
368.84
Offer price
369.03
Top in this sector
Fund name1 Year
S&W The Magpie30%
AXA Global Distribution29.2%
SVS TPI Balanced 227.9%
S&W Wessex26.8%
AXA Lifetime Distribution25.4%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK40%
    Not Specified32%
    Money Market14%
    Asia Pacific6%
    Europe5%
  • No data available.
  • UK Equities40%
    Global Fixed Interest32%
    Money Market14%
    Asia Pacific Equities6%
    European Equities5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%1.6%5.4%14.3%15.8%44.8%
Sector2.4%1.9%5.9%14.6%17.6%37.9%
Rank within sector64 / 213124 / 211125 / 209114 / 202133 / 17859 / 145
Quartile2nd3rd3rd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%9%1.6%4%12.7%
Sector1.3%10.3%1.2%5%9%
Rank within sector101 / 213135 / 20293 / 189136 / 17534 / 161
Quartile2nd3rd2nd4th1st
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.
-1.06
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.
1.1
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.
0.21
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%.
6.09
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.
1.68
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.
-0.33
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.
0.93
Price movement
52 week high368.47
52 week low313.62
Current bid price368.84
Current offer price369.03
Current mid price-
Region
1UK40%
2Not Specified32%
3Money Market14%
4Asia Pacific6%
5Europe5%
6Others3%
Industry sector
No data available.
Asset type
1UK Equities40%
2Global Fixed Interest32%
3Money Market14%
4Asia Pacific Equities6%
5European Equities5%
6Others3%
Individual holdings
1THREADNEEDLE UK EQUITY INCOME Z INC GBP6.91%
2AVIVA INV UK EQUITY INCOME 26.81%
3SCHRODER UK ALPHA INCOME L INC6.76%
4PREMIER INCOME C INC6.75%
5MARGETTS ARDEVORA UK INCOME INST ACC6.73%
6ROYAL LONDON UK EQUITY INCOME M INC6.71%
7L&G ASIAN INCOME TRUST I ACC5.96%
8GOLDMAN SACHS FUNDS STERLING LIQUID RESERVES INSTL SHS5.61%
9AXA STERLING CREDIT SHORT DURATION BOND Z GR ACC5.6%
Management
Fund manager group
Margetts Fund Management
Fund manager company
Margetts Fund Management
Fund type
Unit Trust
Fund objective
The objective of the Margetts Providence Strategy Fund is to provide a balance of long term capital growth and increasing income by investment in any economic sector in any geographic area in regulated collective investment schemes investing in a wide range of assets including equities, fixed interest and cash type instruments. Furthermore, the Manager will charge some or all of the annual management fee to the Fund’s capital account. This will increase the distributable income by that amount and reduce the capital by a similar amount. This may constrain capital growth.
Benchmark
  • IA OE Mixed Investment 20-60% Shares
Investment style
Balanced
Investment method
None
Fund manager
NameSinceBiography
Toby Ricketts01/01/2000Since joining Margetts in 1994, Toby is the CEO of Margetts and is widely regarded as a leading professional in collective investment management, being regularly profiled in the major financial publications and national press. Toby is the lead manager of the award winning Risk Rated fund of funds and the Sentinel Enterprise Fund. In addition, Toby holds positions on the investment committee of a number of third party fund ranges.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Margetts Providence Strategy Acc
Initial charge5%
Annual charge1.48%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.17%
Total expense ratio (TER)2.17%
Bid price357.58
Offer price375.71
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS280
Margetts Providence Strategy Inc
Initial charge5%
Annual charge1.48%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)2.17%
Total expense ratio (TER)2.17%
Bid price166.73
Offer price175.17
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeS279
Margetts Providence Strategy R Acc
Initial charge-
Annual charge0.7%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price368.84
Offer price369.03
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI29K
Margetts Providence Strategy R Inc
Initial charge-
Annual charge0.7%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price172.15
Offer price172.24
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI29J
Data provided by

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