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Margetts Select Strategy

  • 498.53p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.48%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 2.22%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.90%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 January 2021

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched March, 1995
Size £134m
Yield 0.90%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.08%
Annual management charge 1.48%
Ongoing charges figure 2.22%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.33%
  • 17/18 0.39%
  • 18/19 0.06%
  • 19/20 0.02%
  • 20/21 1.42%

Bestinvest MRI

  • 3 years 0.50%
  • 5 years 0.31%
  • Career 0.17%
  • 3 years 97.10%
  • 5 years 96.90%
  • Career 97.70%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Toby Ricketts

Ricketts is the CEO of Margetts and is widely regarded as a leading professional in collective investment management, regularly profiled in the major financial publications and national press. He is the lead manager of the award winning Risk Rated fund of funds and the Sentinel Enterprise Fund. In addition, Ricketts holds positions on the investment committee of a number of third party fund ranges. He joined Margetts in 1994 and performs numerous speaking engagements each year, including PIMS 2001 (on board Oriana) and the Institute of Financial Planning Conferences 2002, 2003 & 2005. As a qualified stockbroker and fund manager, Ricketts has a detailed appreciation of changing world economic conditions.

Track record

Toby Ricketts has 18.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.17%. During the worst period of relative performance (from June 2010 - December 2016) there was a decline of 26% relative to the index. The worst absolute loss has been 31%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Periods of worst performance

Absolute -31.00% (October 2007 - October 2008)
Relative -26.00% (June 2010 - December 2016)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 31 July 2020

8.0276% Svm Uk Growth B
7.7695% Jupiter Uk Special Situations I Acc
7.6172% L&G Short Dated Sterling Corporate Bond Index C Acc
7.2193% Blackrock Uk Income X Acc
7.204% Rathbone Income Fund S Acc Gbp
7.1346% Ishares Uk Equity Index (Uk) D Acc
6.6343% Asi Uk Income Unconstrained Equity Inst Acc
6.2184% Ubs Global Emerging Markets Equity C Acc
6.0921% Blackrock Asia Z Acc Gbp
5.9105% Fidelity European I Inc
Source: Trustnet

Key Investor Information

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