Mountains

Opes Range

Launched in January 2003, the Opes Range offers investors two fund of funds that focus on generating income or growth through a global investment strategy.

The funds have flexible mandates that are not benchmark constrained, providing greater opportunity for the manager to take highly active positions.  The manager aims to take more or less risk depending on his prevailing view, concentrating on delivering profits over the long-term.  As well as providing greater opportunity a flexible strategy also increases active management risk and therefore investors should ensure that the funds are suitable for their needs and that they understand potential risks before making an investment.

Opes Growth

Global Growth

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Opes Income

Global Income

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Opes Growth

Fund Objectives and Investment Policy

The objective of the Margetts Opes Growth Fund is to provide a total return to the investor on a medium risk basis over the medium to longer term. This will be achieved through an actively managed spread of collective investment schemes investing predominantly in equity, equity linked and fixed interest investments in various world markets.

As the objective of the Fund is total return, this will be achieved by holding a diversified portfolio of collective investment schemes investing mainly in equity and equity linked investments from anywhere around the world as is felt appropriate by the Manager at any given time. Collective investment schemes dedicated or predominantly dedicated to money markets or fixed interest securities will be included partially or exclusively when it is felt that the Fund should be positioned defensively against the equity markets. The use of derivatives for Efficient Portfolio Management is permissible but not ordinarily expected unless warranted by market conditions. Borrowing will be permitted on a temporary basis under the terms of the COLL Sourcebook.

Normally, the Fund will be fully invested save for an amount to enable ready settlement of liabilities (including redemption of units) and efficient management of the Fund both generally and in relation to its strategic objective. This amount will vary depending upon prevailing circumstances and although it would normally not exceed 10% of the total value of the Fund, there may be times when the Manager considers stock markets around the world to be overpriced or that a period of instability exists which presents unusual risks. In such cases or during such periods, a higher level of liquidity may be maintained and, if considered prudent, the amount of cash or near cash instruments held would be increased. Unless market conditions were deemed unusually risky, the increased amount and period would not be expected to exceed 30% and six months respectively.

The Fund will not maintain an interest in any immoveable property or tangible moveable property.

Capital is at risk and the fund offers no guarantees of return of capital or a positive return in all market conditions.

Manager Biography

Wayne Buttery joined Margetts in 2003 to run global managed funds that have a unique client focussed process.  Wayne has extensive experience as a Financial Planner, having held the Certified Financial Planner and Fellow of the Personal Finance Society qualifications as well as the current relevant investment qualifications.

Wayne managed his own Financial Planning practice for 16 years prior to joining Margetts and he believes that more than most other fund managers, he has a greater understanding of client expectations of their financial adviser and fund manager.

Performance

The chart below shows the performance of the portfolio over the last five years.

Margetts Opes Growth

Source*: Financial Express

Cumulative Performance

  1 Yr (%) 3 Yrs (%) 5 Yrs (%) 10 Yrs (%)
Margetts Opes Growth 7.73 47.78 59.52 134.46
- - - -

Discrete Performance

  YTD (%) 2017 (%) 2016 (%) 2015 (%) 2014 (%) 2013 (%)
Margetts Opes Growth 1.79 11.30 19.73 6.34 6.95 15.67
 

Source*: Morningstar Direct

Asset Allocation and Fund Selection

Click on the sections of the chart to see the underlying holdings.

 

Charges

There are several different share classes which have different charges. For investments made after 1 January 2013, most investors will purchase the R share class, which does not include any fee for advice.


Margetts Opes Growth R Acc

ISIN Code GB00B4XW1411
Initial Charge 0%
Annual Management Charge (AMC) 0.750%
Total On-going Charge (incl. AMC) 1.63%
Yield 0.39%
Minimum lump sum investment £1000
Minimum regular savings investment £100

Margetts OPES Growth Fund Acc

ISIN Code GB0032469974
Initial Charge 5%
Annual Management Charge (AMC) 1.475%
Total On-going Charge (incl. AMC) 2.35%
Yield 0.00%
Minimum lump sum investment £1000
Minimum regular savings investment £100

 
View the literature & prices page

The information above is correct as at 31/10/2018. The funds are actively managed and therefore the information may change without notice.

*Past performance is not a guarantee of future performance. The value of an investment and the income derived from it can fall as well as rise. Investors may get back less than they invested. Performance is calculated on a bid to bid basis with income reinvested.

Opes Income

 

Fund Objectives and Investment Policy

The objective of the Margetts Opes Income Fund is to provide a total return to the investor through income distributions and capital growth over the medium and longer term. This will be achieved through a diversified portfolio of UCITS schemes and non-UCITS schemes (that have the same characteristics and restrictions as a UCITS schemes) that invest in equity, equity linked and fixed interest securities or money market funds from anywhere around the world but expected to be predominantly UK funds. The Manager will be able to select any economic sector in any geographic area at any given time.

Active management of predominantly income producing collective investment schemes investing in equities and fixed interest investments to deliver a balance of relatively high levels of income compared to cash plus the expectation of capital growth through the increase in the values of underlying equities. Collective investment schemes investing mainly in fixed interest securities and cash will be included partially or exclusively when it is felt that the Fund should be positioned defensively against equity markets.

Normally, the Fund will be fully invested save for an amount to enable ready settlement of liabilities (including redemption of units) and efficient management of the Fund both generally and in relation to its strategic objective. This amount will vary depending upon prevailing circumstances and although it would normally not exceed 10% of the total value of the Fund, there may be times when the Manager considers stock markets around the world to be overpriced or that a period of instability exists which presents unusual risks. In such cases or during such periods, a higher level of liquidity may be maintained and, if considered prudent, the amount of cash or near cash instruments held would be increased. Unless market conditions were deemed unusually risky, the increased amount and period would not be expected to exceed 30% and six months respectively.

The Fund will not maintain an interest in any immoveable property or tangible moveable property.

The use of derivatives and/or hedging transactions are permitted in connection with the efficient portfolio management of the fund, and borrowing will be permitted on a temporary basis under the terms of the Regulations.

Capital is at risk and the Sub-fund offers no guarantees of return of capital or a positive return in all market conditions.

 

Manager Biography

Wayne Buttery joined Margetts in 2003 to run global managed funds that have a unique client focussed process.  Wayne has extensive experience as a Financial Planner, having held the Certified Financial Planner and Fellow of the Personal Finance Society qualifications as well as the current relevant investment qualifications.

Wayne managed his own Financial Planning practice for 16 years prior to joining Margetts and he believes that more than most other fund managers, he has a greater understanding of client expectations of their financial adviser and fund manager.

Performance

The chart below shows the performance of the portfolio over the last five years.

Margetts Opes Income

Source*: Financial Express

Cumulative Performance

  1 Yr (%) 3 Yrs (%) 5 Yrs (%) 10 Yrs (%)
Margetts Opes Income Inc 2.10 24.61 30.66 98.39
- - - -

Discrete Performance

  YTD (%) 2017 (%) 2016 (%) 2015 (%) 2014 (%) 2013 (%)
Margetts Opes Income Inc -0.51 8.23 9.55 3.66 4.67 10.16
 

Source*: Morningstar Direct

Asset Allocation and Fund Selection

Click on the sections of the chart to see the underlying holdings.

 

Charges

There are several different share classes which have different charges. For investments made after 1 January 2013, most investors will purchase the R share class, which does not include any fee for advice.


Margetts Opes Income R Inc

ISIN Code GB00B83VP222
Initial Charge 0%
Annual Management Charge (AMC) 0.750%
Total On-going Charge (incl. AMC) 1.70%
Yield 2.67%
Minimum lump sum investment £1000
Minimum regular savings investment £100

Margetts Opes Income R Acc

ISIN Code GB00B8K7MQ61
Initial Charge 0%
Annual Management Charge (AMC) 0.750%
Total On-going Charge (incl. AMC) 1.70%
Yield 2.67%
Minimum lump sum investment £1000
Minimum regular savings investment £100

Margetts Opes Income Inc

ISIN Code GB0032469750
Initial Charge 5%
Annual Management Charge (AMC) 1.475%
Total On-going Charge (incl. AMC) 2.49%
Yield 2.68%
Minimum lump sum investment £1000
Minimum regular savings investment £100

Margetts OPES Income Fund Acc

ISIN Code GB0032469867
Initial Charge 5%
Annual Management Charge (AMC) 1.475%
Total On-going Charge (incl. AMC) 2.49%
Yield 2.68%
Minimum lump sum investment £1000
Minimum regular savings investment £100

 
View the literature & prices page

The information above is correct as at 31/10/2018. The funds are actively managed and therefore the information may change without notice.

*Past performance is not a guarantee of future performance. The value of an investment and the income derived from it can fall as well as rise. Investors may get back less than they invested. Performance is calculated on a bid to bid basis with income reinvested.