We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Margetts Providence Strategy Class R - Accumulation (GBP)

Sell:456.95p Buy:457.10p Change: 1.02p (0.22%)
Prices as at 29 May 2024
Sell:456.95p
Buy:457.10p
Change: 1.02p (0.22%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 29 May 2024
Sell:456.95p
Buy:457.10p
Change: 1.02p (0.22%)
Prices as at 29 May 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.22%
Ongoing saving from HL: 0.00%
Net ongoing charge: 1.22%
There are other unit types of this fund available:
Class R - Income (GBP) (Net ongoing charge 1.22%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Toby Ricketts
Fund launch date: 27 January 1995
Sector: Mixed Investment 20-60% Shares
Fund size: £102 million
Number of holdings: 15
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 08:30
Trustee: The Bank of New York Mellon (International) Limited
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Ready to invest?

To invest in , you'll need to have an account. Try our handy filter to explore the different options.

Compare accounts

Ready to take your first step?

To invest in , you'll need to open an account. Try our handy filter and find out which suits you best.

Compare accounts

Performance

29/05/19 to 29/05/20 29/05/20 to 29/05/21 29/05/21 to 29/05/22 29/05/22 to 29/05/23 29/05/23 to 29/05/24
Annual return -6.37% 15.15% 1.63% -1.70% 9.64%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The objective of the Margetts Providence Strategy Fund is to provide a balance of long term (more than 5 years) capital growth and increasing income (measured by annual monetary distribution per unit). Capital and the income distributed are at risk and there is no guarantee that the objective will be achieved.

Income Details

Historic yield : 3.92%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 1 July 2024 1 January 2025
Payment date: 31 August 20244 28 February 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 March 2024.

Sector Weight
Bonds 32.67%
Managed Funds 6.85%
Banks 4.73%
Investment Banking & Brokerage Services 3.69%
Non-Renewable Energy 3.52%
Pharmaceuticals & Biotechnology 3.40%
Cash and Equiv. 2.96%
Industrial Metals & Mining 2.86%
Personal Care, Drug & Grocery Stores 2.81%
Media 2.74%
Country Weight
United Kingdom 60.02%
Managed Funds 6.85%
United States 6.14%
Non-Classified 5.43%
Cash and Equiv. 2.96%
France 2.45%
Australia 1.79%
Direct Property and REITs 1.51%
Netherlands 1.43%
Taiwan 1.27%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 29 May 2024. Data provided by Broadridge, correct as at 31 October 2023.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.