|Bid Price||GBX 172.24||Offer Price||GBX 180.95|
|Mid Price||-||Day Change||GBX +0.54 (0.31%)|
|Price Date||27 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.86 %|
|Total Expense Ratio||2.14||Fund Size||187,134,455.31|
|Launch Date||27/01/1995||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||1.48||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||2.14|
|ISIN||GB0007938276||Min TopUp (£)||0.00|
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.
Since 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.