Fact Sheets January 2019

Fact Sheets January 2019

>Awards and Recognition 2017 International Fund Awards Best Risked Rated Multi-Manager Fund Manager & Recognised Leaders in FOF - UK Global Fund Awards 2016 Most outstanding Risk Rated Fund of Funds Global Fund Awards 2016 Risk Rated Strategies Management Team of the Year Global Fund Awards 2016 Boutique Investment Manager of the Year UK 2016 International Fund Awards Best for Risk Rated Multi Manager Funds & Best Performing Multi-Asset Risk Fund 2015 International Fund Awards Award for Exceptional Fund Management - The Margetts Risk Rated Funds Investment Week Fund Manager Awards 2014 Winner in the discretionary category Defaqto 4 Diamonds 2013/14 Risk Targeted Multi-Manager Funds Moneywise Pension Awards 2013 Venture Awarded Best Flexible Investment Fund

>Providence Fund January 2019 The Funds The fund is one of four Margetts Risk Rated funds that have been specifically selected by X2 Wealth Management. The funds can be used independently or combined with each other to create an actively managed portfolio with a specific risk profile to meet investors' requirements. The objective of the Margetts team is to analyse macro economic data and the investment cycle for opportunities to add value or protect the fund from foreseen dangers to gain relative performance over time. Risk Profile Each fund is managed to its individual risk profile. The fund will have a minimum recommended timescale, which is associated with its level of risk. A financial adviser can help to assess which fund is most appropriate for your needs. Asset allocation Objective To achieve long term capital growth with increasing income from distributions. The fund will invest in cash, fixed interest securities, domestic and international equities, with a view to minimising volatility. Risk Scale Portfolio Holdings Weighting UK Equity Income 49.08% Vanguard FTSE U.K. Eq Inc Idx Acc 7.18% Man GLG UK Income Professional Acc C 7.17% Royal London UK Equity Income Z GBP Inc 7.07% Franklin UK Equity Income W Acc 7.07% Aviva Investors UK Equity Income 2 Inc 6.89% Threadneedle UK Eq Inc Ins Acc GBP 6.87% Premier Income C Inc 6.83% Bonds 41.64% Vanguard UK Shrt-Term IG BdIdx GBPAcc 8.45% L&G Short Dated Stlg Corp Bd Idx C Acc 8.38% Royal London Global Index Linked Z Inc 6.42% Fidelity Short Dated Corp Bd Y Acc 6.30% Royal London Short Dur Crdt Z GBP Inc 6.16% BlackRock Corporate Bond X Acc 5.94% Asia Pacific 7.82% L&G Asian Income C Acc 7.82% Cash / Money Markets 1.45% Cash 1.45% 49.1% 41.6% 7.8% Asia Pacific Bonds Cash / Money Markets UK Equity Income 1.5% FACTSHEET A l l d a t a a s a t 2018-12-31

Performance (%) 30 Margetts Providence Strategy R Acc 25 IA OE Mixed Investment 20-60% Shares 20 15 Key Facts Valuation Point 08:30 Deals can be placed between 09:00-17:00 Launch Date 27/01/1995 Fund size 164m Ex-Dividend Date 31 Dec/30 Jun Payment Dates 28 Feb/31 Aug 10 5 0 Performance is based on Margetts Providence Strategy Fund R Acc. The performance for other share classes may differ -5 due to the difference in charges. 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 Cumulative Performance 1 year 3 years 5 years 10 years YTD 2017 2016 2015 2014 2013 Providence -6.40 8.64 14.76 79.14-6.40 6.49 8.98 1.62 3.95 12.71 IA OE Mixed Investment 20-60% -5.11 12.33 19.16 75.17 Shares Source: Morningstar Direct as at 2018-12-31. Performance is bid to bid with income reinvested. Past performance is no guarantee of future performance and investors may get back less than the original amount invested. Discrete Performance Share Class Information Minimum Investment Initial Ongoing Name ISIN Lump Sum Regular Charge AMC Charges Yield Margetts Providence Strategy Fund Acc GB0007938490 1,000 100 5% 1.475% 2.05% 2.73% Margetts Providence Strategy Fund Inc GB0007938276 1,000 100 5% 1.475% 2.05% 2.73% Margetts Providence Strategy Fund R Acc GB00B4VR6328 1,000 100 0% 0.695% 1.27% 2.72% Margetts Providence Strategy Fund R Inc GB00B7TRY424 1,000 100 0% 0.695% 1.27% 2.72%

>Opes Income Fund January 2019 The Funds The fund is one of four Margetts Risk Rated funds that have been specifically selected by X2 Wealth Management. The funds can be used independentlly or combined with each other to create an actively managed portfolio with a specific risk profile to meet investors' requirements. The objective of the Margetts team is to analyse macro economic data and the investment cycle for opportunities to add value or protect the fund from foreseen dangers to gain relative performance over time. Risk Profile Each fund is managed to its individual risk profile. The fund will have a minimum recommended timescale, which is associated with its level of risk. A financial adviser can help to assess which fund is most appropriate for your needs. Asset allocation 17.9% Objective 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 collective investments in equity, equity linked and fixed interest securities, or money market funds from anywhere around the world but expected to be predominantly UK funds. 16.9% 30.2% 11.9% Portfolio Holdings Weighting UK Equity Income 30.17% Royal London UK Equity Income Z GBP Inc 7.32% SLI UK Equity Income Uncons Inst Inc 6.60% Troy Trojan Income O Inc 5.89% Man GLG UK Income Professional Inc D 5.68% Rathbone Income S Inc 4.68% Bonds 17.92% IP Monthly Income Plus Z Inc 7.53% Artemis High Income QI Inc 7.33% Baillie Gifford Strategic Bond B Inc 3.06% UK 16.92% Polar Capital UK Val Opp I GBP Inc 5.95% Threadneedle UK Growth & Income Instl Inc 5.60% LF Lindsell Train UK Equity Fund Inc 5.37% USA 11.95% Fidelity Index US P Inc 6.00% ishares North American Eq Idx (UK) D Acc 5.95% Asia Pacific 7.23% Schroder Asian Income L GBP Inc 7.23% Europe 6.53% Jupiter European Income I Inc 4.34% BlackRock Continental Euro D Inc 2.19% Cash / Money Markets 5.85% Cash 3.58% Invesco STIC Sterling Liquidity Corp Inc 2.28% Emerging Markets 3.44% SLI Global Emerging Mrkt Eq Income Inst Inc 3.44% 7.2% 5.9% Asia Pacific Bonds Cash / Money Markets 3.4% Emerging Markets 6.5% Europe UK UK Equity Income USA FACTSHEET A l l d a t a a s a t 2018-12-31

Performance (%) 45 Margetts Opes Income R Acc 40 IA OE Flexible Investment 35 30 25 Key Facts Valuation Point 08:30 Deals can be placed between 09:00-17:00 Launch Date 13/01/2003 Fund size 8m Ex-Dividend Date 31 Dec/30 Jun Payment Dates 28 Feb/31 Aug 20 15 10 5 0 Performance is based on Margetts Opes Income Fund R Acc. The performance for other share classes may differ -5 due to the difference in charges. 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 Cumulative Performance Discrete Performance 1 year 3 years 5 years 10 years YTD 2017 2016 2015 2014 2013 Opes Income -9.18 9.24 20.26 95.79-9.18 9.01 10.35 4.41 5.43 10.96 IA OE Flexible Investment -6.63 18.38 26.52 109.64 Source: Morningstar Direct as at 2018-12-31. Performance is bid to bid with income reinvested. Past performance is no guarantee of future performance and investors may get back less than the original ampint invested. Share Class Information Minimum Investment Initial Ongoing Name ISIN Lump Sum Regular Charge AMC Charges Yield Margetts Opes Income Fund Acc GB0032469867 1,000 100 5% 1.475% 2.36% 2.68% Margetts Opes Income Fund Inc GB0032469750 1,000 100 5% 1.475% 2.36% 2.68% Margetts Opes Income Fund R Acc GB00B8K7MQ61 1,000 100 0% 0.75% 1.64% 2.67% Margetts Opes Income Fund R Inc GB00B83VP222 1,000 100 0% 0.75% 1.64% 2.67%

>Opes Growth Fund January 2019 The Funds The fund is one of four Margetts Risk Rated funds that have been specifically selected by X2 Wealth Management. The funds can be used independentlly or combined with each other to create an actively managed portfolio with a specific risk profile to meet investors' requirements. The objective of the Margetts team is to analyse macro economic data and the investment cycle for opportunities to add value or protect the fund from foreseen dangers to gain relative performance over time. Risk Profile Each fund is managed to its individual risk profile. The fund will have a minimum recommended timescale, which is associated with its level of risk. A financial adviser can help to assess which fund is most appropriate for your needs. Asset allocation Objective The objective of the 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. 31.2% 28.8% Portfolio Holdings Weighting UK 31.25% Vanguard FTSE U.K. All Shr Idx UT Acc 9.23% EdenTree UK Equity Growth B 9.13% Polar Capital UK Val Opp I GBP Acc 9.09% JPM UK Dynamic C Net Acc 3.80% USA 28.81% Fidelity Index US P Acc 9.93% ishares North American Eq Idx (UK) D Acc 9.80% Vanguard US Equity Index Acc 9.09% Europe 11.40% BlackRock European Dynamic FX Acc 7.02% Jupiter European I Acc 4.39% Asia Pacific 8.71% First State Asia Focus B GBP Acc 4.45% Baillie Gifford Pacific B Acc 4.26% Global 8.17% Lindsell Train Global Equity B Inc 8.17% Emerging Markets 6.51% Standard Life GEM Equity Inst Acc 3.27% Fidelity Emerging Markets W Acc 3.24% Cash / Money Markets 5.14% Cash 5.14% 8.7% Asia Pacific 5.1% Cash / Money Markets 11.4% 6.5% 8.2% Emerging Markets Europe Global UK USA FACTSHEET A l l d a t a a s a t 2018-12-31

Performance (%) 80 Margetts Opes Growth R Acc 70 IA OE Global 60 50 Key Facts Valuation Point 08:30 Deals can be placed between 09:00-17:00 Launch Date 13/01/2003 Fund size 13m Ex-Dividend Date 31 Dec/30 Jun Payment Dates 28 Feb/31 Aug 40 30 20 10 0 Performance is based on Margetts Opes Growth Fund R Acc. The performance for other share classes may differ -10 due to the difference in charges. 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 Cumulative Performance Discrete Performance 1 year 3 years 5 years 10 years YTD 2017 2016 2015 2014 2013 Opes Growth -8.92 23.13 42.10 146.31-8.92 12.11 20.58 7.12 7.74 16.50 IA OE Global -5.72 33.03 46.29 151.88 Source: Morningstar Direct as at 2018-12-31. Performance is bid to bid with income reinvested. Past performance is no guarantee of future performance and investors may get back less than the original ampint invested. Share Class Information Minimum Investment Initial Ongoing Name ISIN Lump Sum Regular Charge AMC Charges Yield Margetts Opes Growth Fund Acc GB0032469974 1,000 100 5% 1.475% 2.12% 0% Margetts Opes Growth Fund R Acc GB00B4XW1411 1,000 100 0% 0.75% 1.40% 0.39%

>Venture Fund January 2019 Risk Rated Funds The fund is one of four Margetts Risk Rated funds that have been specifically selected by X2 Wealth Management. The funds can be used independently or combined with each other to create an actively managed portfolio with a specific risk profile to meet investors' requirements. The objective of the Margetts team is to analyse macro economic data and the investment cycle for opportunities to add value or protect the fund from foreseen dangers to gain relative performance over time. Risk Profile Each fund is managed to its individual risk profile. The fund will have a minimum recommended timescale, which is associated with its level of risk. A financial adviser can help to assess which fund is most appropriate for your needs. Asset allocation Objective Long term growth through a diversified portfolio of predominantly international equities. A high degree of volatility over the short term is possible. Risk Scale Portfolio Holdings Weighting Asia Pacific 36.69% Stewart Inv Asia Pac Ldrs B Acc GBP 7.70% Schroder Asian Income L GBP Acc 7.32% Schroder Instl Pacific I Acc 7.26% Fidelity Instl South East Asia 7.23% IP Asian No Trail Acc 7.17% Emerging Markets 35.15% Henderson EMs Opportunities I Acc 6.23% IP Global Emerging Markets No Trail Acc 6.08% JPM Emerging Markets Inc C Acc 6.01% Fidelity Emerging Markets W Acc 5.94% Fidelity Index Emerging Markets P Acc 5.73% Threadneedle Glb EM Eq Inst Acc 5.15% UK 8.73% Vanguard FTSE U.K. All Shr Idx UT Acc 8.73% USA 5.66% Vanguard US Equity Index Acc 5.66% Global 5.32% M&G Global Dividend GBP I Acc 5.32% Venture 100.00% Europe 4.95% Asia Pacif36.69% 36.7% 35.1% BMO Select European Equity 2 Acc 4.95% Cash / Mo3.49% Cash / Money Markets 3.49% Emerging35.15% Cash 3.49% Europe 4.95% Global 5.32% UK 8.73% USA 5.66% Asia Pacific 3.5% Cash / Money Markets 8.7% 5.0% 5.3% 5.7% Emerging Markets Europe Global UK USA FACTSHEET A l l d a t a a s a t 2018-12-31

Performance (%) 70 Margetts Venture Strategy R Acc 60 IA OE Flexible Investment 50 40 Key Facts Valuation Point 08:30 Deals can be placed between 09:00-17:00 Launch Date 01/02/1995 Fund size 82m Ex-Dividend Date 31 Dec/30 Jun Payment Dates 28 Feb/31 Aug 30 20 10 Performance is based on Margetts Venture Strategy 0 Fund R Acc. The performance for other share classes may differ -10 due to the difference in charges. 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 Cumulative Performance Discrete Performance 1 year 3 years 5 years 10 years YTD 2017 2016 2015 2014 2013 Venture -8.29 34.62 41.72 148.66-8.29 17.73 24.69-2.20 7.64 5.95 IA OE Flexible Investment -6.63 18.38 26.52 109.64 Source: Morningstar Direct as at 2018-12-31. Performance is bid to bid with income reinvested. Past performance is no guarantee of future performance and investors may get back less than the original amount invested. Share Class Information Minimum Investment Initial Ongoing Name ISIN Lump Sum Regular Charge AMC Charges Yield Margetts Venture Strategy Fund Acc GB0007938383 1,000 100 5% 1.475% 2.27% 0.1% Margetts Venture Strategy Fund R Acc GB00B6VBDR16 1,000 100 0% 0.695% 1.49% 0.83%

Important Information Margetts Fund Management Ltd is authorised and regulated by the Financial Conduct Authority. Past Performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise and investors may get back less than they invested. Quoted yields are based on the previous 12 months distributions to investors and are not guaranteed. Future distributions may differ and will be subject to market factors. Risk factors should be taken into account and understood including (but not limited to) currency movements, market risk, liquidity risk, concentration risk, lack of certainty risk, inflation risk, performance risk, local market risk and credit risk. The information on this factsheet is intended to provide information only and should not be interpreted as advice. Margetts recommend that investors seek professional advice before making any investment to ensure that the product is suitable and can achieve their objectives. Investors should ensure that they have read and understood the Non UCITS Retail Scheme Key Investor Information Document (NURS-KII) and Supplementary Information Document (SID), which contain important information. A copy of these documents is available on the website or on request from Margetts Fund Management. Contact details are provided below. Margetts does not warrant that information will be error-free. Award Winners for Investment Performance www.margetts.com Margetts Fund Management Ltd 1 Sovereign Court Graham Street Birmingham B1 3JR Registered in England No. 4158249 Authorised and Regulated by the Financial Conduct Authority E & OE