Margetts MGTS Theia Defensive Income Fund Class A Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
31/03/25 to 31/03/26 |
|
|---|---|---|---|---|---|
| Fund | n/a | n/a | n/a | n/a | n/a |
| Sector | -0.2% | -5.9% | 5.9% | 3.3% | 6.4% |
| Rank | n/a | n/a | n/a | n/a | n/a |
| Quartile | n/a | n/a | n/a | n/a | n/a |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | n/a | n/a | n/a | |
| Sector | 5.2% | 1.8% | 2.9% | |
| Rank | n/a | n/a | n/a | |
| Quartile | n/a | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TREASURY NOTE | 0.44 |
| TREASURY NOTE | 0.29 |
| TREASURY NOTE | 0.25 |
| TREASURY NOTE | 0.25 |
| INTERNATIONAL BANK FOR RECONSTRUCT | 0.25 |
| TREASURY NOTE | 0.25 |
| TREASURY NOTE | 0.24 |
| ONTARIO (PROVINCE OF) RegS | 0.24 |
| TREASURY NOTE | 0.24 |
| TREASURY NOTE (OTR) | 0.24 |
| Total | 2.70 |
Fund Aims
The objective of the Sub-fund is to provide income.
Fund Overview
| Mid (02/04/2026) | 102.77p |
| Distribution yield | - |
| Underlying yield | - |
| Fund size (28/02/2026) | £68.40m |
| Number of holdings | 5911 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.59% |
| Launch date | - |
Asset Allocation
| International Bonds | 69.17% | |
| UK Corporate Bonds | 12.33% | |
| Cash and Equivalents | 1.23% | |
| Money Market | 0.75% | |
| Alternative Trading Strategies | 0.03% | |
| Other Assets | 16.50% |
Asset Allocation
| International Bonds | 69.17% | |
| UK Corporate Bonds | 12.33% | |
| Cash and Equivalents | 1.23% | |
| Money Market | 0.75% | |
| Alternative Trading Strategies | 0.03% | |
| Other Assets | 16.50% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 81.49% | - | - | - | |
| Non-Classified | 16.50% | - | - | - | |
| Non-Classified | - | 16.50% | - | - | |
| Non-Classified | - | - | 16.50% | - | |
| Non-Classified | - | - | - | 16.50% | |
| Cash and Equivalents | 1.98% | - | - | - | |
| Alternative Trading Strategies | 0.03% | - | - | - | |
| Alternative Trading Strategies | - | 0.03% | - | - | |
| Alternative Trading Strategies | - | - | 0.03% | - | |
| Alternative Trading Strategies | - | - | - | 0.03% | |
Regional Allocation
| North America | 51.84% | |
| Non-Classified | 16.62% | |
| UK | 12.33% | |
| Developed Europe - Excl UK | 12.14% | |
| Australia & New Zealand | 2.13% | |
| Cash and Equivalents | 1.98% | |
| Japan | 1.18% | |
| Developed Asia | 0.82% | |
| Emerging Asia | 0.46% | |
| Other Regions | 0.50% |
Fixed Interest Currencies
| US Dollar | 48.53% | |
| Pound Sterling | 31.95% | |
| Non-Fixed Interest Assets | 17.30% | |
| Cash | 1.21% | |
| Euro | 0.83% | |
| Australian Dollar | 0.10% | |
| Other Currencies | 0.09% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 51.84% | - | |
United States
|
- | 45.92% | |
Canada
|
- | 5.93% | |
| Non-Classified | 16.62% | - | |
| UK | 12.33% | - | |
United Kingdom
|
- | 12.33% | |
| Developed Europe - Excl UK | 12.14% | - | |
Netherlands
|
- | 2.78% | |
France
|
- | 2.74% | |
Germany
|
- | 1.77% | |
Luxembourg
|
- | 1.09% | |
Spain
|
- | 0.98% | |
Finland
|
- | 0.63% | |
Ireland
|
- | 0.49% | |
Sweden
|
- | 0.49% | |
Switzerland
|
- | 0.43% | |
Denmark
|
- | 0.23% | |
Norway
|
- | 0.18% | |
Belgium
|
- | 0.12% | |
Italy
|
- | 0.11% | |
Austria
|
- | 0.09% | |
| Australia & New Zealand | 2.13% | - | |
Australia
|
- | 2.09% | |
New Zealand
|
- | 0.04% | |
| Cash and Equivalents | 1.98% | - | |
| Japan | 1.18% | - | |
Japan
|
- | 1.18% | |
| Developed Asia | 0.82% | - | |
Singapore
|
- | 0.72% | |
Hong Kong
|
- | 0.10% | |
| Emerging Asia | 0.46% | - | |
Philippines
|
- | 0.24% | |
South Korea
|
- | 0.16% | |
India
|
- | 0.03% | |
Thailand
|
- | 0.01% | |
China
|
- | 0.01% | |
Indonesia
|
- | 0.01% | |
| South & Central America | 0.27% | - | |
Mexico
|
- | 0.19% | |
Chile
|
- | 0.05% | |
Peru
|
- | 0.02% | |
Cayman Islands
|
- | 0.01% | |
| Middle East & Africa | 0.23% | - | |
United Arab Emirates
|
- | 0.12% | |
Cote D'Ivoire
|
- | 0.10% | |
Israel
|
- | 0.01% | |
Kuwait
|
- | 0.00% | |
Qatar
|
- | 0.00% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
78.65% |
| 5Yr - 10Yr Maturity |
|
1.93% |
| 10Yr - 15Yr Maturity |
|
0.29% |
| > 15Yr Maturity |
|
0.63% |
| Cash And Equivalents |
|
1.98% |
| Other Asset Types |
|
16.53% |
Fixed Interest Quality Profile
| AAA |
|
11.64% |
| AA |
|
21.10% |
| A |
|
24.56% |
| BBB |
|
18.69% |
| Sub-Investment Grade |
|
0.46% |
| Unknown Quality |
|
5.05% |
| Cash and Equivalents |
|
1.98% |
| Other Asset Types |
|
16.52% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TREASURY NOTE | 0.44% | Bonds | United States |
| 2 | TREASURY NOTE | 0.29% | Bonds | United States |
| 3 | TREASURY NOTE | 0.25% | Bonds | United States |
| 4 | TREASURY NOTE | 0.25% | Bonds | United States |
| 5 | INTERNATIONAL BANK FOR RECONSTRUCT | 0.25% | Bonds | United States |
| 6 | TREASURY NOTE | 0.25% | Bonds | United States |
| 7 | TREASURY NOTE | 0.24% | Bonds | United States |
| 8 | ONTARIO (PROVINCE OF) RegS | 0.24% | Bonds | Canada |
| 9 | TREASURY NOTE | 0.24% | Bonds | United States |
| 10 | TREASURY NOTE (OTR) | 0.24% | Bonds | United States |
Identification Codes
| Sedol Code | BTZN3H4 |
| Mex Code | - |
| Isin Code | GB00BTZN3H47 |
| Citi Code | BUG9C |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.59% |
Aims and Benchmark
| Aims | The objective of the Sub-fund is to provide income. |
| Benchmark | IA Mixed Investment 0-35% Shares |
| Benchmark Category | - |
| IA Sector | Mixed Investment 0-35% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | - |
| Fund type | OEIC |
| Launch price | - |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Monthly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Bank of New York Mellon (International) Limited |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | Bank of New York Mellon SA/NV |
Group Details
| Group name | Margetts Fund Management Ltd. |
| Group address | 6 Sovereign Court Graham Street Birmingham B1 3JR |
| Group telephone | 0121 236 2380 |
| Dealing telephone | - |
| funds@margetts.com;Admin@margetts.com | |
| Homepage | www.margetts.com |
| Fax number | 0121 236 2330 |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | - |
| Settlement Period: Sell | - |
| Pricing Basis | None |
| Dealing Decimals | - |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | - |
| Beta | - |
| Sharpe | - |
| Standard Deviation | - |
| Info Ratio | - |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.