{"annotation_id":"425c81c8-4d46-46a0-af28-51c8063eeb84","file_hash":"75c3482569806803eeba4e9ed8bebf08e00e7f70c7cbe047363f557c453dea7f","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"541d0ed5-260e-4785-8587-1787ceeb5ee5","block_type":"box","text":"MGTS IDAD Fund","page_number":1,"box":{"x":382,"y":277,"width":235,"height":17}},{"id":"185a4977-d222-44c1-86c5-fd84e92d8621","block_type":"box","text":"Interim","page_number":1,"box":{"x":321,"y":364,"width":89,"height":14}},{"id":"2cbcf211-0a59-4f27-87f7-7bd03c7e2af3","block_type":"box","text":"Financial Statements","page_number":1,"box":{"x":421,"y":364,"width":266,"height":14}},{"id":"4f8240c6-fa56-4e78-8ee0-d9300a2386ba","block_type":"box","text":"For the","page_number":1,"box":{"x":289,"y":417,"width":61,"height":10}},{"id":"0fea0fea-dddc-4aa5-81bf-daaf09d6cc48","block_type":"box","text":"six","page_number":1,"box":{"x":351,"y":417,"width":20,"height":10}},{"id":"e392c4b1-c692-454e-ae8d-dafbf2a9753a","block_type":"box","text":"-","page_number":1,"box":{"x":372,"y":423,"width":5,"height":1}},{"id":"c07f562f-ebc1-4c1a-9743-f1dab2ba3a95","block_type":"box","text":"months","page_number":1,"box":{"x":379,"y":417,"width":60,"height":10}},{"id":"7cbfd437-9c9f-462d-ac91-22926ce79d9b","block_type":"box","text":"ended 30 June 2026","page_number":1,"box":{"x":446,"y":417,"width":168,"height":10}},{"id":"c0b6407b-be5b-4484-9f5b-26d81b5038a7","block_type":"box","text":"(Unaudited)","page_number":1,"box":{"x":615,"y":417,"width":96,"height":12}},{"id":"85223e41-86bb-4df8-aaca-505a574d84bf","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":1,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"e75a53f7-2951-481e-aac1-f607b593a988","block_type":"box","text":"MGTS IDAD Fund","page_number":2,"box":{"x":326,"y":45,"width":116,"height":8}},{"id":"c25bf68e-13b9-4b37-9d5c-7329f2c0f878","block_type":"box","text":"-","page_number":2,"box":{"x":446,"y":50,"width":4,"height":1}},{"id":"cb9d625c-9085-47a0-b928-b706dd9a1a6f","block_type":"box","text":"fo","page_number":2,"box":{"x":453,"y":45,"width":8,"height":10}},{"id":"a437c2fb-7101-44e7-950c-72040b07c88f","block_type":"box","text":"for the","page_number":2,"box":{"x":460,"y":45,"width":44,"height":8}},{"id":"e9cd12f5-7dd1-43a6-863d-c1680adf9ea6","block_type":"box","text":"period","page_number":2,"box":{"x":504,"y":45,"width":44,"height":10}},{"id":"bc888217-5bb4-4a7f-9f7b-c4b641ff82f4","block_type":"box","text":"ended","page_number":2,"box":{"x":552,"y":45,"width":45,"height":8}},{"id":"6fd13ed6-4fb9-4b49-978e-0ee1734d061c","block_type":"box","text":"30 June 2026","page_number":2,"box":{"x":597,"y":45,"width":89,"height":8}},{"id":"5ee444d0-e90f-403d-ac3a-41051ba81329","block_type":"box","text":"i Margetts Fund Management Limited","page_number":2,"box":{"x":107,"y":971,"width":259,"height":10}},{"id":"f49fb4b7-0e23-4468-8185-0386475c6d6d","block_type":"box","text":"ACD","page_number":2,"box":{"x":485,"y":68,"width":40,"height":11}},{"id":"4784cb4b-6194-4bd0-9bd2-fa94b493d6df","block_type":"box","text":"Margetts Fund","page_number":2,"box":{"x":369,"y":88,"width":113,"height":11}},{"id":"f194af90-7017-478b-b818-5e88d289842f","block_type":"box","text":"Management Limited","page_number":2,"box":{"x":483,"y":88,"width":159,"height":11}},{"id":"734fffc1-026e-4371-9336-f5a9727a0e87","block_type":"box","text":"1 Sovereign Court","page_number":2,"box":{"x":440,"y":104,"width":132,"height":10}},{"id":"5aa97021-300c-4b92-83f2-42706f65a4ac","block_type":"box","text":"Graham Street","page_number":2,"box":{"x":452,"y":119,"width":108,"height":9}},{"id":"42f84de6-3c0f-4480-b696-3ece660118f2","block_type":"box","text":"Birmingham","page_number":2,"box":{"x":462,"y":135,"width":88,"height":11}},{"id":"3b586d17-d551-4c51-9642-afaefe582c32","block_type":"box","text":"B1 3JR","page_number":2,"box":{"x":483,"y":152,"width":46,"height":8}},{"id":"d4f50713-fefd-4756-9243-28201c137de1","block_type":"box","text":"Tel: 0121 236 2380","page_number":2,"box":{"x":434,"y":167,"width":142,"height":9}},{"id":"45eb5098-2f69-4a88-ad74-e89a1fcffc9c","block_type":"box","text":"Fax: 0121 236 2330","page_number":2,"box":{"x":434,"y":184,"width":144,"height":8}},{"id":"b4249fef-3a7a-4f5a-8c82-a51411bdb08a","block_type":"box","text":"Company Registration No: 4158249","page_number":2,"box":{"x":373,"y":199,"width":265,"height":11}},{"id":"493ad990-1a9d-4f3e-8cec-457ac4bd6504","block_type":"box","text":"VAT No: (GB) 795 0415 16","page_number":2,"box":{"x":409,"y":215,"width":193,"height":11}},{"id":"957269a1-8647-4058-9c6d-52daf8d622d6","block_type":"box","text":"(Authorised and regulated by the Financial Conduct Authority)","page_number":2,"box":{"x":275,"y":231,"width":461,"height":11}},{"id":"63e570e2-72ad-4f89-a2af-6c8bf990cad6","block_type":"box","text":"Directors of the ACD","page_number":2,"box":{"x":408,"y":268,"width":196,"height":11}},{"id":"ccd0e3f4-c75d-4c20-a832-74eb5ac8f9c5","block_type":"box","text":"T J Ricketts","page_number":2,"box":{"x":465,"y":287,"width":81,"height":9}},{"id":"61255c15-0a49-4a28-8ca6-a66cc1d2d474","block_type":"box","text":"M D Jealous","page_number":2,"box":{"x":462,"y":303,"width":88,"height":9}},{"id":"070430fb-a951-4574-b9f7-66ba88e9bcee","block_type":"box","text":"A Ogunnowo","page_number":2,"box":{"x":457,"y":320,"width":102,"height":11}},{"id":"f94835c3-4b55-4b84-b41e-cbcab3234197","block_type":"box","text":"J Harris (non","page_number":2,"box":{"x":436,"y":335,"width":93,"height":11}},{"id":"34688b96-cf0d-4d91-8742-c119a2581705","block_type":"box","text":"-","page_number":2,"box":{"x":531,"y":341,"width":4,"height":0}},{"id":"d7f78bbf-5317-477b-a507-ef41f3b8329a","block_type":"box","text":"exec)","page_number":2,"box":{"x":537,"y":335,"width":37,"height":11}},{"id":"27a31135-2a9a-4103-afeb-215b704d81d7","block_type":"box","text":"L R Scott (non","page_number":2,"box":{"x":433,"y":351,"width":100,"height":11}},{"id":"a763c47a-5bfc-45a8-b60c-6d4c60e2eb82","block_type":"box","text":"-","page_number":2,"box":{"x":535,"y":357,"width":5,"height":0}},{"id":"5fd7499d-c140-4b12-9439-acc5a9e98b0d","block_type":"box","text":"exec)","page_number":2,"box":{"x":541,"y":351,"width":38,"height":11}},{"id":"fe6bd93d-af81-4c90-9d12-e04105ddc59f","block_type":"box","text":"A Denny (non","page_number":2,"box":{"x":345,"y":367,"width":100,"height":12}},{"id":"2f4d6dd7-ef0f-4aea-9fc9-67f566d69715","block_type":"box","text":"-","page_number":2,"box":{"x":447,"y":373,"width":4,"height":0}},{"id":"d842390c-cd28-4276-9f5c-ef2692dc0fff","block_type":"box","text":"exec) –","page_number":2,"box":{"x":453,"y":367,"width":43,"height":11}},{"id":"5b0465a1-a7c5-4fb4-acec-34b1fbef48ba","block_type":"box","text":"–","page_number":2,"box":{"x":496,"y":372,"width":9,"height":1}},{"id":"e51837d2-2838-4307-a77d-8a3ab12e6085","block_type":"box","text":"appointed","page_number":2,"box":{"x":510,"y":367,"width":80,"height":12}},{"id":"5cfda471-3ded-41e7-bb6e-e30e8a72c362","block_type":"box","text":"on","page_number":2,"box":{"x":591,"y":370,"width":23,"height":6}},{"id":"927845ab-e45c-43ed-add5-4e3c1bce6fe7","block_type":"box","text":"7 January 2026","page_number":2,"box":{"x":615,"y":368,"width":111,"height":11}},{"id":"4e2767db-509f-4db6-ab7b-bbb1768e1f8f","block_type":"box","text":"Depositary","page_number":2,"box":{"x":454,"y":405,"width":104,"height":13}},{"id":"8989305b-5958-406a-a01b-099321306a0d","block_type":"box","text":"The Bank of New York Mellon (International) Limited","page_number":2,"box":{"x":308,"y":424,"width":394,"height":11}},{"id":"acafef4b-821b-433d-8ac4-b97c9ebd7a28","block_type":"box","text":"160 Queen Victoria Street","page_number":2,"box":{"x":410,"y":440,"width":192,"height":10}},{"id":"36c09916-77c1-496e-9dea-d30aa2584bd2","block_type":"box","text":"London","page_number":2,"box":{"x":479,"y":456,"width":53,"height":9}},{"id":"5644daed-82b9-46af-903e-6feef3d5010f","block_type":"box","text":"EC4V 4LA","page_number":2,"box":{"x":472,"y":472,"width":69,"height":9}},{"id":"6b82e56e-b42a-44d4-9fa5-f03176c4e759","block_type":"box","text":"(A","page_number":2,"box":{"x":116,"y":487,"width":6,"height":12}},{"id":"726369b9-c0a9-4803-854c-fc541c40824e","block_type":"box","text":"(Authorised by the Prudential Regulation Authority","page_number":2,"box":{"x":119,"y":488,"width":378,"height":11}},{"id":"e30eb3d5-a365-4bb8-b36c-c0f53d885199","block_type":"box","text":"and regulated by the Financial Conduct Authority and","page_number":2,"box":{"x":498,"y":488,"width":403,"height":11}},{"id":"3c4d8207-6fa6-42c0-b51e-458de9fb1c3f","block_type":"box","text":"the Prudential Regulation Authority","page_number":2,"box":{"x":371,"y":504,"width":264,"height":11}},{"id":"325f6cb1-5086-4cf2-97ba-ace46c47eaac","block_type":"box","text":")","page_number":2,"box":{"x":636,"y":503,"width":6,"height":12}},{"id":"a98b6f4c-563b-4835-9665-af7264766454","block_type":"box","text":"Administrator and Registrar","page_number":2,"box":{"x":370,"y":535,"width":271,"height":14}},{"id":"1237e329-bb81-4582-a08b-f2ed4597d70c","block_type":"box","text":"Margetts Fund Management Limited","page_number":2,"box":{"x":369,"y":554,"width":273,"height":12}},{"id":"b0bc66d9-57ed-4cdc-9bc1-1ebfa7f72571","block_type":"box","text":"1 Sovereign Court","page_number":2,"box":{"x":440,"y":571,"width":132,"height":11}},{"id":"4c1f4d08-6f70-4f7b-96a1-9533f779646e","block_type":"box","text":"Graham Street","page_number":2,"box":{"x":452,"y":586,"width":108,"height":9}},{"id":"7d42d89d-8f9e-4299-af6b-0ca2e45a0cd0","block_type":"box","text":"Birmingham","page_number":2,"box":{"x":462,"y":602,"width":88,"height":11}},{"id":"dbe8f776-c512-4200-9998-c82178f253ad","block_type":"box","text":"B1 3JR","page_number":2,"box":{"x":483,"y":619,"width":46,"height":8}},{"id":"daaf0b76-e42a-4b50-96b9-e73941f05ce7","block_type":"box","text":"Tel: 0121 236 2380","page_number":2,"box":{"x":434,"y":634,"width":142,"height":9}},{"id":"77083095-0031-4fb6-b8c5-8d880f4f22ad","block_type":"box","text":"Fax: 0121 236 2330","page_number":2,"box":{"x":434,"y":651,"width":144,"height":8}},{"id":"9addb625-567c-49d9-939e-4516443ce901","block_type":"box","text":"(Authorised and regulated by the Financial Conduct Authority)","page_number":2,"box":{"x":275,"y":666,"width":461,"height":11}},{"id":"ce09eaad-6b8b-4181-8ee7-d4f76b1d3555","block_type":"box","text":"Auditors","page_number":2,"box":{"x":464,"y":699,"width":82,"height":11}},{"id":"0866cd30-0e88-444f-9ed4-8c3b6e58c43a","block_type":"box","text":"Moore Kingston Smith LLP","page_number":2,"box":{"x":409,"y":718,"width":194,"height":12}},{"id":"cfb12821-2fd3-4b13-8b70-5c71f6741151","block_type":"box","text":"6","page_number":2,"box":{"x":413,"y":735,"width":7,"height":8}},{"id":"a85c0e7f-2502-40eb-b016-d8f9bc80e77f","block_type":"box","text":"th","page_number":2,"box":{"x":421,"y":733,"width":9,"height":5}},{"id":"fbafb1ec-8cf0-4fb5-b557-cef059c2fcf5","block_type":"box","text":"Floor, 9 Appold Street","page_number":2,"box":{"x":437,"y":734,"width":162,"height":11}},{"id":"2f31b4b3-1546-47a9-8c34-3d14e3953727","block_type":"box","text":"London","page_number":2,"box":{"x":479,"y":750,"width":59,"height":9}},{"id":"31a8d946-df86-4140-9bd2-f7f2ad79a4ac","block_type":"box","text":"EC2A 2AP","page_number":2,"box":{"x":471,"y":767,"width":75,"height":8}},{"id":"1e89af29-0c9b-4dde-b759-6ce755a9b724","block_type":"box","text":"Investment Managers","page_number":2,"box":{"x":400,"y":798,"width":211,"height":14}},{"id":"88a8effc-a1b7-49cd-922e-dcd548731cb9","block_type":"box","text":"IDAD Limited","page_number":2,"box":{"x":458,"y":817,"width":96,"height":9}},{"id":"73ee4653-0203-46dc-b193-d92fdee76d4e","block_type":"box","text":"Stag Gates House","page_number":2,"box":{"x":441,"y":833,"width":129,"height":11}},{"id":"4f45e943-801e-4b0f-8039-5d6ebb05d901","block_type":"box","text":"63/64 The Avenue","page_number":2,"box":{"x":438,"y":848,"width":135,"height":12}},{"id":"ed4610ae-022b-4a54-8a26-262664fa2798","block_type":"box","text":"Southampton","page_number":2,"box":{"x":455,"y":865,"width":100,"height":11}},{"id":"27be40bb-53cf-4c98-95e1-f664ef6a384a","block_type":"box","text":"Hampshire","page_number":2,"box":{"x":466,"y":881,"width":80,"height":11}},{"id":"22dd08db-27b3-4ee1-8851-933fa4cae1c5","block_type":"box","text":"SO17 1XS","page_number":2,"box":{"x":471,"y":897,"width":69,"height":9}},{"id":"d260a85a-dd64-4d5d-92a6-569cff8d24af","block_type":"box","text":"(Authorised and regulated by the Financial Conduct Authority)","page_number":2,"box":{"x":275,"y":913,"width":461,"height":11}},{"id":"56922c66-ec49-44cb-97bd-1f8dd26dce45","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":2,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"289a6cf7-9053-422e-8f7d-14362bd610d8","block_type":"box","text":"MGTS IDAD Fund","page_number":3,"box":{"x":326,"y":45,"width":116,"height":8}},{"id":"49d6a1db-0a7d-4f9e-a9ee-aef80b7f02d6","block_type":"box","text":"-","page_number":3,"box":{"x":446,"y":50,"width":4,"height":1}},{"id":"67c3ae2f-7cf3-41ca-ad83-3c9adc220f64","block_type":"box","text":"fo","page_number":3,"box":{"x":453,"y":45,"width":8,"height":10}},{"id":"341020fc-8b11-4d42-a162-8b9527a6c787","block_type":"box","text":"for the","page_number":3,"box":{"x":460,"y":45,"width":44,"height":8}},{"id":"18e2b75e-3fb1-4bb8-8037-25e0905960fd","block_type":"box","text":"period","page_number":3,"box":{"x":504,"y":45,"width":44,"height":10}},{"id":"396fef78-78d2-4d22-8647-392884110511","block_type":"box","text":"ended","page_number":3,"box":{"x":552,"y":45,"width":45,"height":8}},{"id":"56eeb07c-9e4b-4ee5-9114-96c85c94b6b0","block_type":"box","text":"30 June 2026","page_number":3,"box":{"x":597,"y":45,"width":89,"height":8}},{"id":"99259772-3f75-4156-b1db-bc00ecf86f6c","block_type":"box","text":"ii","page_number":3,"box":{"x":107,"y":971,"width":8,"height":8}},{"id":"03942e2f-494d-4af7-b571-0d011fe94395","block_type":"box","text":"Margetts Fund Management Limited","page_number":3,"box":{"x":119,"y":971,"width":250,"height":10}},{"id":"6babd5ae-f5d1-4eac-b3b9-130af01fc840","block_type":"box","text":"Contents","page_number":3,"box":{"x":108,"y":69,"width":96,"height":13}},{"id":"d9d10aa6-c12c-4e21-8d22-03816cd78caf","block_type":"box","text":"Authorised Status","page_number":3,"box":{"x":107,"y":92,"width":121,"height":8}},{"id":"9c1961a8-66b6-4f70-8ca7-3a92aa924b99","block_type":"box","text":"................................","page_number":3,"box":{"x":231,"y":99,"width":140,"height":1}},{"id":"9ba1efdd-6e56-42d9-9641-dfd5ff3155c6","block_type":"box","text":"................................","page_number":3,"box":{"x":373,"y":99,"width":140,"height":1}},{"id":"4a23050f-54ce-4400-9811-85dd72caa8ac","block_type":"box","text":"................................","page_number":3,"box":{"x":515,"y":99,"width":139,"height":1}},{"id":"6b176fee-bd3f-48bb-b9fd-d242f94fc5a6","block_type":"box","text":"................................","page_number":3,"box":{"x":657,"y":99,"width":139,"height":1}},{"id":"e6fdeccf-95e0-4c9c-84b0-e199fff95182","block_type":"box","text":"......................","page_number":3,"box":{"x":799,"y":99,"width":95,"height":1}},{"id":"1b0cdbb7-ce43-49ef-8691-5316337983b3","block_type":"box","text":"1","page_number":3,"box":{"x":898,"y":92,"width":6,"height":8}},{"id":"3ff6f35c-60e6-483d-b627-6dbaa32707ac","block_type":"box","text":"Certification of Accounts by Directors of the ACD","page_number":3,"box":{"x":108,"y":106,"width":330,"height":11}},{"id":"59d7eb2f-ccd2-4da7-9b73-643431db8ce4","block_type":"box","text":"................................","page_number":3,"box":{"x":440,"y":113,"width":139,"height":1}},{"id":"7d3c68f9-5b3e-40da-8bc7-42fb7074f584","block_type":"box","text":"................................","page_number":3,"box":{"x":582,"y":113,"width":139,"height":1}},{"id":"0d1ac0d4-93db-4a8a-bf6c-492c30f4952d","block_type":"box","text":"................................","page_number":3,"box":{"x":724,"y":113,"width":139,"height":1}},{"id":"c32fa409-7922-4eac-9c2f-8a97dbd6118c","block_type":"box","text":".......","page_number":3,"box":{"x":866,"y":113,"width":28,"height":1}},{"id":"d462196e-4d2f-43a9-87fd-2e1c2100c253","block_type":"box","text":"1","page_number":3,"box":{"x":898,"y":107,"width":6,"height":7}},{"id":"378166a6-7aa6-481a-907b-8d34da980e88","block_type":"box","text":"Value for Money Assessment","page_number":3,"box":{"x":107,"y":121,"width":198,"height":10}},{"id":"4f4f3f44-c425-4407-9b0e-db60b41779b7","block_type":"box","text":"................................","page_number":3,"box":{"x":307,"y":128,"width":139,"height":1}},{"id":"d18228aa-68ca-4858-93f2-a42b2ad19007","block_type":"box","text":"................................","page_number":3,"box":{"x":449,"y":128,"width":139,"height":1}},{"id":"7046ea1c-3580-4bc9-9d47-704ccdd3232b","block_type":"box","text":"................................","page_number":3,"box":{"x":591,"y":128,"width":139,"height":1}},{"id":"4b045532-5096-4a81-b9ab-7b07f14fd487","block_type":"box","text":"................................","page_number":3,"box":{"x":733,"y":128,"width":139,"height":1}},{"id":"08c4e888-37a5-48da-9cf7-98516936b2f8","block_type":"box","text":".....","page_number":3,"box":{"x":875,"y":128,"width":19,"height":1}},{"id":"a10cb294-9278-44c8-87c1-71ca93c73639","block_type":"box","text":"1","page_number":3,"box":{"x":898,"y":121,"width":6,"height":8}},{"id":"4f167481-9636-45f1-8739-f9585ee62528","block_type":"box","text":"Task Force on Climate","page_number":3,"box":{"x":107,"y":135,"width":149,"height":9}},{"id":"251f4b85-5b76-4499-8544-fc89b5270148","block_type":"box","text":"-","page_number":3,"box":{"x":257,"y":140,"width":4,"height":1}},{"id":"5a2f852b-523e-4b04-8e7e-ca7362cecc1e","block_type":"box","text":"related Financial Disclosures (‘TCFD’)","page_number":3,"box":{"x":263,"y":135,"width":248,"height":10}},{"id":"7eceaa1b-6d77-4599-be0b-15499654e746","block_type":"box","text":"................................","page_number":3,"box":{"x":515,"y":142,"width":139,"height":2}},{"id":"ab370b2e-78fa-449a-bd05-09df8f7665ba","block_type":"box","text":"................................","page_number":3,"box":{"x":657,"y":142,"width":139,"height":2}},{"id":"aeb519af-0488-4f54-9815-99be2e463a88","block_type":"box","text":"......................","page_number":3,"box":{"x":799,"y":142,"width":95,"height":2}},{"id":"5fd5b38d-7fba-464b-a10c-0aaf0c3f975b","block_type":"box","text":"1","page_number":3,"box":{"x":898,"y":136,"width":6,"height":7}},{"id":"1acacdf0-3a07-4b9a-9a5b-1298c863d375","block_type":"box","text":"MGTS IDAD Refined Growth Fund Report & Accounts","page_number":3,"box":{"x":108,"y":150,"width":360,"height":10}},{"id":"2eb0461a-b9a6-408e-9e86-8d2c207b7e29","block_type":"box","text":"................................","page_number":3,"box":{"x":471,"y":157,"width":139,"height":1}},{"id":"d13987cc-e44b-4cc6-b41f-bdc1af44e7d1","block_type":"box","text":"................................","page_number":3,"box":{"x":613,"y":157,"width":139,"height":1}},{"id":"65149329-ef9d-48a4-92df-c047fdd40272","block_type":"box","text":"................................","page_number":3,"box":{"x":755,"y":157,"width":139,"height":1}},{"id":"0612a2c4-fc08-4ffc-ba07-5dfadcdc850e","block_type":"box","text":"2","page_number":3,"box":{"x":897,"y":150,"width":7,"height":8}},{"id":"6028adbe-27a3-4de0-aba1-a84a27b0c415","block_type":"box","text":"Investment Manager’s Report","page_number":3,"box":{"x":128,"y":164,"width":203,"height":10}},{"id":"e805b6a3-0008-4596-9ddf-7ef51e2ed0d5","block_type":"box","text":"................................","page_number":3,"box":{"x":333,"y":171,"width":140,"height":1}},{"id":"5cff68e2-9e15-4325-9c44-6e6c569d04b6","block_type":"box","text":"................................","page_number":3,"box":{"x":475,"y":171,"width":140,"height":1}},{"id":"53a5c04c-3763-4b01-a5bd-17600bd1586c","block_type":"box","text":"................................","page_number":3,"box":{"x":617,"y":171,"width":140,"height":1}},{"id":"fd04227f-cf0f-4e29-9c86-4f24630efc0b","block_type":"box","text":"...............................","page_number":3,"box":{"x":759,"y":171,"width":135,"height":1}},{"id":"11b339eb-94e3-43fb-b5b0-1bbd51daebb3","block_type":"box","text":"2","page_number":3,"box":{"x":897,"y":165,"width":7,"height":7}},{"id":"7b259083-c3f7-4814-b308-9d6f8c9cc4f4","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":128,"y":179,"width":134,"height":8}},{"id":"2595781e-0f92-4f1f-ac28-5acf4399cb20","block_type":"box","text":"................................","page_number":3,"box":{"x":267,"y":186,"width":139,"height":1}},{"id":"4182ffb2-f342-4288-a21d-1b116b3eb2ff","block_type":"box","text":"................................","page_number":3,"box":{"x":409,"y":186,"width":139,"height":1}},{"id":"8dc4f9ac-1372-4a4b-90da-56472cc7e6ee","block_type":"box","text":"................................","page_number":3,"box":{"x":551,"y":186,"width":139,"height":1}},{"id":"41809e33-c08b-4e0c-add4-7056d0c7b532","block_type":"box","text":"................................","page_number":3,"box":{"x":693,"y":186,"width":139,"height":1}},{"id":"1ea04c72-7490-4fb6-b425-8935f0eb5ce8","block_type":"box","text":"..............","page_number":3,"box":{"x":835,"y":186,"width":59,"height":1}},{"id":"9e8a8565-dc35-4fb3-91ad-e7a2e6b0d45d","block_type":"box","text":"4","page_number":3,"box":{"x":897,"y":179,"width":7,"height":8}},{"id":"4f4d6927-95c7-4309-897a-e6be0f3bc2cc","block_type":"box","text":"Financial Statements","page_number":3,"box":{"x":128,"y":193,"width":141,"height":8}},{"id":"965b551f-b3a2-49c6-9e0f-e3cf31a8eb14","block_type":"box","text":"................................","page_number":3,"box":{"x":271,"y":200,"width":140,"height":1}},{"id":"205619e5-8dee-43e9-b64f-8316160f0bf3","block_type":"box","text":"................................","page_number":3,"box":{"x":413,"y":200,"width":139,"height":1}},{"id":"90db29e5-da93-49ec-a0bd-db7615fc5fe0","block_type":"box","text":"................................","page_number":3,"box":{"x":555,"y":200,"width":139,"height":1}},{"id":"a8cd4bae-16cc-463e-bf2f-387af653322b","block_type":"box","text":"................................","page_number":3,"box":{"x":697,"y":200,"width":139,"height":1}},{"id":"5c9d84b5-059e-442d-9eab-fbe0536dfd07","block_type":"box","text":".............","page_number":3,"box":{"x":839,"y":200,"width":55,"height":1}},{"id":"75942829-d4c5-43e9-92ea-67351bea6640","block_type":"box","text":"5","page_number":3,"box":{"x":897,"y":194,"width":7,"height":7}},{"id":"8e7bb379-495e-4c8d-95fc-5a161bfc0493","block_type":"box","text":"Fair Value Hierarchy of Investments","page_number":3,"box":{"x":128,"y":208,"width":242,"height":10}},{"id":"38f282a9-88be-45e9-9281-d47b9a6a2338","block_type":"box","text":"................................","page_number":3,"box":{"x":373,"y":215,"width":140,"height":1}},{"id":"1e4172ae-b3c4-4be1-8ca9-ced25c92cf78","block_type":"box","text":"................................","page_number":3,"box":{"x":515,"y":215,"width":139,"height":1}},{"id":"a7bba60c-a29e-480b-a54a-0ebfda930bbf","block_type":"box","text":"................................","page_number":3,"box":{"x":657,"y":215,"width":139,"height":1}},{"id":"f28c5456-b575-42cd-98c0-72ee6e5b47a7","block_type":"box","text":"......................","page_number":3,"box":{"x":799,"y":215,"width":95,"height":1}},{"id":"390c7458-715c-4a1e-b8f3-911469814add","block_type":"box","text":"7","page_number":3,"box":{"x":897,"y":208,"width":7,"height":8}},{"id":"e2b488ab-ffda-4303-863e-0073d13b7a77","block_type":"box","text":"Distribution Table","page_number":3,"box":{"x":128,"y":222,"width":120,"height":9}},{"id":"983a269a-c0d0-4a28-9bf9-f8a1ece00976","block_type":"box","text":"................................","page_number":3,"box":{"x":254,"y":229,"width":139,"height":1}},{"id":"567f55da-02fd-496d-b7cb-4ae9ac84cc4f","block_type":"box","text":"................................","page_number":3,"box":{"x":396,"y":229,"width":139,"height":1}},{"id":"9c20917f-3f61-49d0-bcdf-2e6286bb97f1","block_type":"box","text":"................................","page_number":3,"box":{"x":537,"y":229,"width":140,"height":1}},{"id":"8bf6b200-e693-4e5e-9efc-aa1cde31022c","block_type":"box","text":"................................","page_number":3,"box":{"x":679,"y":229,"width":140,"height":1}},{"id":"58447e2a-c2a3-46fe-ac68-386fd7baea58","block_type":"box","text":".................","page_number":3,"box":{"x":821,"y":229,"width":73,"height":1}},{"id":"b632a9d9-fc6b-4a77-8c75-522d3ee7174b","block_type":"box","text":"8","page_number":3,"box":{"x":897,"y":223,"width":7,"height":8}},{"id":"7af32979-58d8-4d2d-90a5-51a295a50869","block_type":"box","text":"Net Asset Value per Share and Comparative Tables","page_number":3,"box":{"x":128,"y":237,"width":344,"height":10}},{"id":"e810a1fd-c813-4a5e-8377-a208ae5b7a1a","block_type":"box","text":"................................","page_number":3,"box":{"x":475,"y":244,"width":140,"height":1}},{"id":"7eceabb3-44a2-4829-9f5d-65845439e6e8","block_type":"box","text":"................................","page_number":3,"box":{"x":617,"y":244,"width":140,"height":1}},{"id":"d5a29f97-a4b6-4c77-bf77-c88bdc9f6078","block_type":"box","text":"...............................","page_number":3,"box":{"x":759,"y":244,"width":135,"height":1}},{"id":"ed88718e-e998-44a9-8b0e-3f0fcb78843b","block_type":"box","text":"9","page_number":3,"box":{"x":897,"y":237,"width":7,"height":8}},{"id":"dd51c912-32ec-40d6-b15b-d45744c00119","block_type":"box","text":"MGTS IDAD Future Wealth Fund Report & Accounts","page_number":3,"box":{"x":108,"y":251,"width":350,"height":11}},{"id":"5da011dc-7de4-4127-978b-269378187d6b","block_type":"box","text":"................................","page_number":3,"box":{"x":462,"y":258,"width":139,"height":2}},{"id":"f5853a70-7031-4968-b0c4-0afaf85875e9","block_type":"box","text":"................................","page_number":3,"box":{"x":604,"y":258,"width":139,"height":2}},{"id":"4fd602dd-fc04-405f-ad51-656047fc97de","block_type":"box","text":"................................","page_number":3,"box":{"x":746,"y":258,"width":139,"height":2}},{"id":"29dfe540-55f8-4da9-ad13-e83565e7c60b","block_type":"box","text":"11","page_number":3,"box":{"x":889,"y":252,"width":15,"height":8}},{"id":"94165d37-d2f5-440b-9182-23f2301d5239","block_type":"box","text":"Investment Manager’s Report","page_number":3,"box":{"x":128,"y":266,"width":203,"height":10}},{"id":"2013624e-779a-418f-8124-c47de865d109","block_type":"box","text":"................................","page_number":3,"box":{"x":333,"y":273,"width":140,"height":1}},{"id":"ee3a660c-420a-4397-9df4-03d6a52e41c1","block_type":"box","text":"................................","page_number":3,"box":{"x":475,"y":273,"width":140,"height":1}},{"id":"73ad739b-458b-4dc4-ba44-7cb39bfb00e5","block_type":"box","text":"................................","page_number":3,"box":{"x":617,"y":273,"width":140,"height":1}},{"id":"8d9d1e71-85da-4cf2-a67d-4e6aada22e94","block_type":"box","text":".............................","page_number":3,"box":{"x":759,"y":273,"width":126,"height":1}},{"id":"05c6bd58-9e5a-4385-99dc-c5d085db1b6a","block_type":"box","text":"11","page_number":3,"box":{"x":889,"y":266,"width":15,"height":8}},{"id":"cd61c5e3-7d5a-46d2-a82f-ce00b0a00ca4","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":128,"y":280,"width":134,"height":8}},{"id":"3d73adf0-8936-4556-be2b-470eb8dc0b81","block_type":"box","text":"................................","page_number":3,"box":{"x":267,"y":287,"width":139,"height":1}},{"id":"fa67f16f-99ea-4a54-afee-1a6b624173fd","block_type":"box","text":"................................","page_number":3,"box":{"x":409,"y":287,"width":139,"height":1}},{"id":"93f3b517-3c21-414c-912a-b2e9933157b0","block_type":"box","text":"................................","page_number":3,"box":{"x":551,"y":287,"width":139,"height":1}},{"id":"6fc93237-5d9d-4172-a326-eadd3e82a9b4","block_type":"box","text":"................................","page_number":3,"box":{"x":693,"y":287,"width":139,"height":1}},{"id":"99f6bc12-f4cf-452c-8b27-5c8f212bc9b7","block_type":"box","text":"............","page_number":3,"box":{"x":835,"y":287,"width":50,"height":1}},{"id":"e6a72f02-cdaf-4091-b188-bef897c9f23b","block_type":"box","text":"14","page_number":3,"box":{"x":889,"y":281,"width":15,"height":7}},{"id":"318e0142-0fcc-42f6-b05f-d66900cb25de","block_type":"box","text":"Financial Statements","page_number":3,"box":{"x":128,"y":295,"width":141,"height":8}},{"id":"af34836a-7cb7-425c-a8a8-144e87336d9f","block_type":"box","text":"................................","page_number":3,"box":{"x":271,"y":302,"width":140,"height":1}},{"id":"60eb5174-7997-4647-a0fc-e4aed0573297","block_type":"box","text":"................................","page_number":3,"box":{"x":413,"y":302,"width":139,"height":1}},{"id":"9554818e-9136-4a35-b6fb-bcd78ae83067","block_type":"box","text":"................................","page_number":3,"box":{"x":555,"y":302,"width":139,"height":1}},{"id":"885c02bb-8d92-40bf-a111-a3225c1630ab","block_type":"box","text":"................................","page_number":3,"box":{"x":697,"y":302,"width":139,"height":1}},{"id":"8778b713-6a9c-4acd-8daf-94d855da9bf1","block_type":"box","text":"...........","page_number":3,"box":{"x":839,"y":302,"width":46,"height":1}},{"id":"165b33fd-878a-46e4-b7b8-97048b0c5e14","block_type":"box","text":"16","page_number":3,"box":{"x":889,"y":295,"width":15,"height":8}},{"id":"d93b4d66-b6c6-41e4-9786-ffa65e5ad010","block_type":"box","text":"Fair Value Hierarchy of Investments","page_number":3,"box":{"x":128,"y":309,"width":242,"height":11}},{"id":"3f2f46db-47d5-41a0-bb58-191f45fabd9d","block_type":"box","text":"................................","page_number":3,"box":{"x":373,"y":316,"width":140,"height":1}},{"id":"9334e122-3d61-4166-8459-e97d3d6475e2","block_type":"box","text":"................................","page_number":3,"box":{"x":515,"y":316,"width":139,"height":1}},{"id":"9a81e761-9703-4759-abb8-fb8a235882f3","block_type":"box","text":"................................","page_number":3,"box":{"x":657,"y":316,"width":139,"height":1}},{"id":"d6e86ebf-1f0f-4dd2-963c-a8b6cd0835fc","block_type":"box","text":"....................","page_number":3,"box":{"x":799,"y":316,"width":86,"height":1}},{"id":"4735f453-7077-4ccb-a042-c6cbb0d1a3d2","block_type":"box","text":"18","page_number":3,"box":{"x":889,"y":310,"width":15,"height":8}},{"id":"45d12262-7ddf-47e9-96e7-bd854885de23","block_type":"box","text":"Distribution Table","page_number":3,"box":{"x":128,"y":324,"width":120,"height":8}},{"id":"aeda8862-5ef6-4155-9116-a557cd94dc2c","block_type":"box","text":"................................","page_number":3,"box":{"x":254,"y":331,"width":139,"height":1}},{"id":"02ae04ab-dc97-4715-90f5-305ddf6fd7ee","block_type":"box","text":"................................","page_number":3,"box":{"x":396,"y":331,"width":139,"height":1}},{"id":"787741f0-9686-4547-9cd7-e7c347062ff1","block_type":"box","text":"................................","page_number":3,"box":{"x":537,"y":331,"width":140,"height":1}},{"id":"fec7810a-c0a6-4e7b-b6a6-e7c03846f193","block_type":"box","text":"................................","page_number":3,"box":{"x":679,"y":331,"width":140,"height":1}},{"id":"206d68c2-e54d-4829-a3fd-aaa396341d13","block_type":"box","text":"...............","page_number":3,"box":{"x":821,"y":331,"width":64,"height":1}},{"id":"b8c3e13e-b4c3-45b5-9e7b-707e9beb1d78","block_type":"box","text":"19","page_number":3,"box":{"x":889,"y":324,"width":15,"height":8}},{"id":"8f2df41e-0cf3-4087-9155-c5446d5cfe9f","block_type":"box","text":"Net Asset Value per Share and Comparative Tables","page_number":3,"box":{"x":128,"y":338,"width":344,"height":11}},{"id":"0493739f-c108-409c-8cb8-648d66331c8d","block_type":"box","text":"................................","page_number":3,"box":{"x":475,"y":345,"width":140,"height":2}},{"id":"38eb4bc2-395e-42f3-9b24-2c8259958ee9","block_type":"box","text":"................................","page_number":3,"box":{"x":617,"y":345,"width":140,"height":2}},{"id":"12721993-fbc6-46ca-a17a-999735ae6915","block_type":"box","text":".............................","page_number":3,"box":{"x":759,"y":345,"width":126,"height":2}},{"id":"0d615214-40e0-4fa3-963e-49512720a21d","block_type":"box","text":"20","page_number":3,"box":{"x":889,"y":339,"width":15,"height":8}},{"id":"f801a7dc-80d7-443c-a31f-f5053c13a25c","block_type":"box","text":"General Information","page_number":3,"box":{"x":107,"y":353,"width":138,"height":8}},{"id":"6b3420b7-c5b8-408c-89da-d28230dc11f5","block_type":"box","text":"................................","page_number":3,"box":{"x":249,"y":360,"width":139,"height":1}},{"id":"c0cb2a71-c613-492f-8224-aee0a977c4ec","block_type":"box","text":"................................","page_number":3,"box":{"x":391,"y":360,"width":139,"height":1}},{"id":"0e1dd5c1-a4b0-4e2e-b97d-ec941ab8d5d2","block_type":"box","text":"................................","page_number":3,"box":{"x":533,"y":360,"width":139,"height":1}},{"id":"3efafa9d-53da-4243-bd7f-159cc14f8319","block_type":"box","text":"................................","page_number":3,"box":{"x":675,"y":360,"width":139,"height":1}},{"id":"9efcd59f-cab0-4b2d-b388-dce06cf58240","block_type":"box","text":"................","page_number":3,"box":{"x":817,"y":360,"width":68,"height":1}},{"id":"c87540c9-d50d-4a1f-84e5-9e9b3a5b49a4","block_type":"box","text":"22","page_number":3,"box":{"x":889,"y":353,"width":15,"height":8}},{"id":"e6607c62-8bb7-43bc-a136-9a443b305fce","block_type":"box","text":"Remuneration","page_number":3,"box":{"x":108,"y":368,"width":96,"height":7}},{"id":"fb4e62f0-7570-4e1c-a884-40c7b27dd2aa","block_type":"box","text":"................................","page_number":3,"box":{"x":209,"y":374,"width":139,"height":1}},{"id":"2f25aa37-4714-4f1f-addd-2ffa178afeb2","block_type":"box","text":"................................","page_number":3,"box":{"x":351,"y":374,"width":139,"height":1}},{"id":"9e5982f5-f7df-4bc5-8cb3-5b1f496f9a1b","block_type":"box","text":"................................","page_number":3,"box":{"x":493,"y":374,"width":139,"height":1}},{"id":"26c06e8f-5890-4b0c-b67a-ec00189f696b","block_type":"box","text":"................................","page_number":3,"box":{"x":635,"y":374,"width":139,"height":1}},{"id":"5c5d70bc-eb39-4455-9c94-0a9b3fb034ef","block_type":"box","text":".........................","page_number":3,"box":{"x":777,"y":374,"width":108,"height":1}},{"id":"bfa03500-7e24-4b44-a776-224a1d4b6a50","block_type":"box","text":"23","page_number":3,"box":{"x":889,"y":368,"width":15,"height":7}},{"id":"31c3d9ce-011f-4f3b-b8b3-24b16b1d67ad","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":3,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"210fb184-4db5-45df-bed5-cba14dd932c7","block_type":"box","text":"MGTS IDAD Fund","page_number":4,"box":{"x":320,"y":45,"width":116,"height":8}},{"id":"a721edde-b2eb-4b0a-8c1a-3ec7ca0709a8","block_type":"box","text":"-","page_number":4,"box":{"x":440,"y":50,"width":4,"height":1}},{"id":"d419e328-51dc-4ce7-8061-e138d332ebc3","block_type":"box","text":"fo","page_number":4,"box":{"x":447,"y":45,"width":8,"height":10}},{"id":"623ec15d-967e-4dbd-88e8-e50a93008363","block_type":"box","text":"for the","page_number":4,"box":{"x":454,"y":45,"width":44,"height":8}},{"id":"244697f8-70d6-4d5a-a8a4-f3e30a5d8ae4","block_type":"box","text":"period","page_number":4,"box":{"x":498,"y":45,"width":43,"height":10}},{"id":"18369d64-15c9-4fa0-b6b5-4f88e4a67ae3","block_type":"box","text":"ended","page_number":4,"box":{"x":546,"y":45,"width":45,"height":8}},{"id":"2c16b602-68f1-4dcd-bbc1-af476a464f5c","block_type":"box","text":"30 June 2026","page_number":4,"box":{"x":591,"y":45,"width":89,"height":8}},{"id":"b33f0086-e5de-4ad4-82ac-209de3b16eca","block_type":"box","text":"1","page_number":4,"box":{"x":67,"y":972,"width":6,"height":8}},{"id":"bdb570c6-18be-498f-bfeb-36212daa792f","block_type":"box","text":"Margetts Fund Management Limited","page_number":4,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"d4444d17-a8eb-4f6c-8239-a40c35f48d7d","block_type":"box","text":"Authorised Status","page_number":4,"box":{"x":66,"y":68,"width":199,"height":14}},{"id":"1d8f3c31-9fc9-4a93-b951-e2255e902a42","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":4,"box":{"x":67,"y":93,"width":226,"height":9}},{"id":"19724df3-269d-4631-a63b-6bb5c4151b67","block_type":"box","text":"and","page_number":4,"box":{"x":299,"y":93,"width":23,"height":9}},{"id":"c449eb06-1707-4d7b-9f0b-c98533446d8b","block_type":"box","text":"MGTS IDAD Future Wealth Fund are Sub","page_number":4,"box":{"x":328,"y":93,"width":271,"height":9}},{"id":"9ab21c23-6402-4c84-9db8-1ca2dcbfe8a5","block_type":"box","text":"-","page_number":4,"box":{"x":600,"y":98,"width":5,"height":1}},{"id":"2bf83a31-d735-4aad-a582-a6f468c3f919","block_type":"box","text":"funds of","page_number":4,"box":{"x":605,"y":93,"width":59,"height":9}},{"id":"ee759d77-b328-40e3-a419-b56b5dbf7c66","block_type":"box","text":"t","page_number":4,"box":{"x":664,"y":95,"width":5,"height":7}},{"id":"df064bc8-c656-4045-9e60-b1ea4b1ac49e","block_type":"box","text":"he","page_number":4,"box":{"x":671,"y":93,"width":19,"height":9}},{"id":"796cf552-c309-4164-8820-76e45ae91bf8","block_type":"box","text":"MGTS IDAD Fund, which is an open","page_number":4,"box":{"x":692,"y":93,"width":234,"height":11}},{"id":"6c4fdd14-288f-4684-bd6e-f4db7c908a44","block_type":"box","text":"ended investment company with variable capital incorporated in England and Wales under","page_number":4,"box":{"x":67,"y":108,"width":648,"height":10}},{"id":"89fc4617-0c58-4056-a8e3-c015b4227795","block_type":"box","text":"registration number IC","page_number":4,"box":{"x":720,"y":108,"width":157,"height":10}},{"id":"dbb730d7-16a0-490c-9aaa-021ec5167e64","block_type":"box","text":"042839","page_number":4,"box":{"x":878,"y":108,"width":49,"height":8}},{"id":"baf0c22c-fffc-417a-9138-2173c19c0028","block_type":"box","text":",","page_number":4,"box":{"x":929,"y":115,"width":8,"height":3}},{"id":"c60ece36-8c6e-4258-97fe-2f8b4d91f759","block_type":"box","text":"authorised and regulated by the Financial Conduct Authority with effect from","page_number":4,"box":{"x":67,"y":122,"width":530,"height":11}},{"id":"7052e451-2312-4ab6-a5b2-437b79672eba","block_type":"box","text":"2","page_number":4,"box":{"x":599,"y":123,"width":7,"height":8}},{"id":"f5496ac8-38a4-43fb-b71f-ed2965b4fce6","block_type":"box","text":"5 May","page_number":4,"box":{"x":607,"y":123,"width":41,"height":10}},{"id":"1f04afa4-2701-47bf-905f-9c59c835887f","block_type":"box","text":"20","page_number":4,"box":{"x":653,"y":123,"width":16,"height":8}},{"id":"40d5caee-406b-48b4-95a8-5b448ef36773","block_type":"box","text":"21","page_number":4,"box":{"x":670,"y":123,"width":15,"height":8}},{"id":"20c86f18-19ec-4a83-88f9-6157c5a2ba56","block_type":"box","text":".","page_number":4,"box":{"x":687,"y":129,"width":2,"height":2}},{"id":"487bda59-407a-4235-8aa7-08653c63adff","block_type":"box","text":"The Fund is classed as a UCITS, which complies with the requirements of the FCA FUND and COLL handbooks. Shareholders are","page_number":4,"box":{"x":66,"y":152,"width":870,"height":10}},{"id":"84f1fcf1-b69b-4508-8d07-ab9cf08cf033","block_type":"box","text":"not liable for the debts of the Fund.","page_number":4,"box":{"x":67,"y":166,"width":241,"height":8}},{"id":"a3a7ccea-1bcc-4a5b-877a-d9b880f0cae6","block_type":"box","text":"Certification of Accounts by Directors of the ACD","page_number":4,"box":{"x":67,"y":196,"width":538,"height":17}},{"id":"52083977-c4ac-41ff-9f77-2e33b2807641","block_type":"box","text":"This report is signed in accordance with the requirements of the Collective Investment Schemes Sourcebook (COLL) as issued","page_number":4,"box":{"x":66,"y":221,"width":870,"height":11}},{"id":"ec6d136f-128f-4040-aff1-60bcababac26","block_type":"box","text":"and amended by the Financial Conduct Authority.","page_number":4,"box":{"x":67,"y":236,"width":336,"height":10}},{"id":"5ee4b42a-dfde-47b8-93c1-06bf37680d75","block_type":"box","text":"M D Jealous","page_number":4,"box":{"x":67,"y":308,"width":83,"height":9}},{"id":"7fc2ff53-c501-4d70-87fc-4e51d5e0ed45","block_type":"box","text":"A Ogunnowo","page_number":4,"box":{"x":550,"y":309,"width":90,"height":10}},{"id":"6abab726-a4b7-4b37-9bc9-c1c5591a38db","block_type":"box","text":"Margetts Fund Management Limited","page_number":4,"box":{"x":67,"y":338,"width":249,"height":10}},{"id":"a69a4068-9e86-491c-bf69-7f6b9ab0af40","block_type":"box","text":"24 August 2026","page_number":4,"box":{"x":67,"y":353,"width":105,"height":9}},{"id":"ae674d31-1de3-4723-a4a4-5173bf6a44f8","block_type":"box","text":"Value for Money Assessment","page_number":4,"box":{"x":66,"y":382,"width":322,"height":17}},{"id":"7948cfa1-76ea-4f53-a95b-f914e1aab8d2","block_type":"box","text":"Under rules set out within the Collective Investment Schemes sourcebook (COLL), we are required to conduct an Assessment of","page_number":4,"box":{"x":67,"y":408,"width":869,"height":10}},{"id":"2a3da356-a610-4120-8f53-14f2ca2bb0c2","block_type":"box","text":"Value","page_number":4,"box":{"x":66,"y":422,"width":43,"height":8}},{"id":"9221f90d-e109-4da7-b215-b7b6d4750b73","block_type":"box","text":"(AoV) at least annually on each Sub","page_number":4,"box":{"x":111,"y":422,"width":250,"height":10}},{"id":"b524898d-13e7-4c60-80b8-e966e8e7f650","block_type":"box","text":"-","page_number":4,"box":{"x":362,"y":427,"width":4,"height":1}},{"id":"19a41cc1-628c-430c-9a92-18c2028fc866","block_type":"box","text":"fund and report publicly on our conclusions. The AoV review covers the 7 pillars","page_number":4,"box":{"x":367,"y":422,"width":569,"height":10}},{"id":"053513c0-1681-43fc-97c3-3e61aad954df","block_type":"box","text":"defined within the sourcebook: Performance, Quality of Service, AFM Costs, Economies of Scale, Comparable Market Rates,","page_number":4,"box":{"x":67,"y":436,"width":869,"height":11}},{"id":"7c00bb47-95b1-44fd-a2a1-a277a7e7a240","block_type":"box","text":"Comparable Services","page_number":4,"box":{"x":67,"y":451,"width":141,"height":10}},{"id":"11da54c2-b8e3-49e0-9d4f-f83fae6b9fe4","block_type":"box","text":"and Classes of Units. Each Sub","page_number":4,"box":{"x":213,"y":451,"width":204,"height":8}},{"id":"45264444-8d8a-4e60-929f-d673396c5f54","block_type":"box","text":"-","page_number":4,"box":{"x":418,"y":456,"width":4,"height":1}},{"id":"be5038db-79dc-4c63-a214-1de0519de265","block_type":"box","text":"fund within the range is assessed independently against each of the pillars.","page_number":4,"box":{"x":423,"y":451,"width":508,"height":10}},{"id":"768d8edb-6489-4391-ae50-9f545865677f","block_type":"box","text":"We conducted our latest assessment as at","page_number":4,"box":{"x":67,"y":480,"width":290,"height":8}},{"id":"ea7d69e9-032f-429e-9950-e8f3d129ba7a","block_type":"box","text":"3","page_number":4,"box":{"x":358,"y":481,"width":7,"height":7}},{"id":"cf7786ab-6019-4908-a487-7083290f949f","block_type":"box","text":"1 December","page_number":4,"box":{"x":367,"y":480,"width":85,"height":8}},{"id":"eb3c95e5-667e-4575-9512-b4831048069f","block_type":"box","text":"202","page_number":4,"box":{"x":454,"y":481,"width":23,"height":7}},{"id":"33296659-de84-4f18-b616-1c775e5307c0","block_type":"box","text":"5","page_number":4,"box":{"x":479,"y":481,"width":6,"height":7}},{"id":"36b9cc56-9a19-49ed-adfe-df787a7ec7c4","block_type":"box","text":",","page_number":4,"box":{"x":487,"y":487,"width":7,"height":3}},{"id":"d8b37746-819e-4670-ad87-ddb2ccb796e3","block_type":"box","text":"accounting year","page_number":4,"box":{"x":495,"y":480,"width":108,"height":10}},{"id":"48f15937-6152-4992-9c9d-3b0e01a0f69a","block_type":"box","text":"-","page_number":4,"box":{"x":604,"y":485,"width":4,"height":1}},{"id":"e83814fb-a8e2-48bc-ab05-4107dc4b5694","block_type":"box","text":"end date","page_number":4,"box":{"x":609,"y":480,"width":64,"height":8}},{"id":"4bd5741b-a980-4dcc-8fbb-57c11d3ba9fb","block_type":"box","text":"of the Fund.","page_number":4,"box":{"x":674,"y":480,"width":80,"height":8}},{"id":"33db8a22-596f-4323-b66d-08c03a27d3b6","block_type":"box","text":"MGTS","page_number":4,"box":{"x":67,"y":510,"width":45,"height":7}},{"id":"fb5453ad-7210-4ce9-a459-3ddc77cd8b63","block_type":"box","text":"IDAD Refined Growth Fund","page_number":4,"box":{"x":113,"y":509,"width":186,"height":8}},{"id":"33e6b3dc-745f-4a37-af62-b40a3597114c","block_type":"box","text":"We","page_number":4,"box":{"x":67,"y":524,"width":26,"height":8}},{"id":"acbc967b-ce92-4419-8263-86d7b366c49a","block_type":"box","text":"have concluded that the Sub","page_number":4,"box":{"x":95,"y":524,"width":193,"height":8}},{"id":"8cabdca5-ce88-474d-856c-62dcfc100978","block_type":"box","text":"-","page_number":4,"box":{"x":289,"y":529,"width":4,"height":0}},{"id":"267c8a94-aab0-494e-8e9a-dd88863aa624","block_type":"box","text":"fund is delivering overall value to investors across all seven pillars of the AoV assessment.","page_number":4,"box":{"x":294,"y":524,"width":607,"height":10}},{"id":"c01e4e7c-2ff8-4324-b691-e41139bb7ac6","block_type":"box","text":"We believe that charges are justified based on the assessment and no remedial action has been identified at this time.","page_number":4,"box":{"x":67,"y":552,"width":804,"height":11}},{"id":"0a296a7f-7c7a-4914-a363-365292901545","block_type":"box","text":"MGTS","page_number":4,"box":{"x":67,"y":582,"width":45,"height":8}},{"id":"3c7c128f-dcf3-470e-bbfc-f641f4cf9905","block_type":"box","text":"IDAD Future Wealth Fund","page_number":4,"box":{"x":113,"y":582,"width":176,"height":8}},{"id":"9cdaa2b1-74f0-4b06-9bab-15cfdedf6fda","block_type":"box","text":"We have concluded that the Sub","page_number":4,"box":{"x":67,"y":596,"width":221,"height":8}},{"id":"3a80ac12-3078-4cd8-9308-db703d98bbc7","block_type":"box","text":"-","page_number":4,"box":{"x":289,"y":601,"width":4,"height":1}},{"id":"8afb950c-aeec-4ce5-98d6-3f69ad3135a4","block_type":"box","text":"fund is delivering overall value to investors across all seven pillars of the AoV assessment.","page_number":4,"box":{"x":294,"y":596,"width":607,"height":10}},{"id":"c45bc848-2690-4fdf-81d7-c20dd2e0ef12","block_type":"box","text":"We believe that charges are justified based on the assessment and no remedial action has been","page_number":4,"box":{"x":67,"y":625,"width":654,"height":10}},{"id":"40ed6735-f78b-4d36-a24e-1d63380bf803","block_type":"box","text":"identified at this time.","page_number":4,"box":{"x":723,"y":625,"width":148,"height":8}},{"id":"cb190f58-eced-415a-8435-c54fae84bd80","block_type":"box","text":"Task Force on Climate","page_number":4,"box":{"x":66,"y":656,"width":239,"height":13}},{"id":"7e34e497-1cb6-4c86-9256-e563acc5878a","block_type":"box","text":"-","page_number":4,"box":{"x":308,"y":663,"width":6,"height":2}},{"id":"19a08c21-d57e-4730-a945-b7069aef292a","block_type":"box","text":"related Financial Disclosures (‘TCFD’)","page_number":4,"box":{"x":317,"y":655,"width":406,"height":17}},{"id":"618a1af4-7e0e-4e85-8795-53017d6c65d8","block_type":"box","text":"In accordance with current Financial Conduct Authority rules, the ACD is required to publish its own TCFD report and that of","page_number":4,"box":{"x":67,"y":681,"width":869,"height":10}},{"id":"334651a1-7909-4a89-9896-b5d5622ede9a","block_type":"box","text":"each Sub","page_number":4,"box":{"x":67,"y":695,"width":65,"height":9}},{"id":"58834055-12b4-4c12-b391-b18f3afa123f","block_type":"box","text":"-","page_number":4,"box":{"x":133,"y":700,"width":4,"height":1}},{"id":"bfdd946a-4394-4b69-b89d-3b8bc6632635","block_type":"box","text":"fund. The report can be found by visiting our website","page_number":4,"box":{"x":138,"y":695,"width":402,"height":11}},{"id":"5931d83f-229c-405b-bd90-dd5c2bc5fecc","block_type":"box","text":"https://investors.mgtsfunds.com/disclosures","page_number":4,"box":{"x":546,"y":695,"width":304,"height":11}},{"id":"4fbcf7f5-53b7-4463-baf5-fdca87557b14","block_type":"box","text":". The TCFD","page_number":4,"box":{"x":852,"y":695,"width":85,"height":9}},{"id":"c2ca551e-e1b8-48dd-ae8a-406a64e69d3b","block_type":"box","text":"disclosure of each Sub","page_number":4,"box":{"x":67,"y":710,"width":150,"height":8}},{"id":"ec90b766-b000-4e7e-92c7-3ee263914deb","block_type":"box","text":"-","page_number":4,"box":{"x":218,"y":715,"width":4,"height":1}},{"id":"68992af6-1658-4211-934a-a87641667e7a","block_type":"box","text":"fund is reviewed on an annual basis and may not include Sub","page_number":4,"box":{"x":223,"y":710,"width":412,"height":10}},{"id":"aad47cbb-23b1-49b5-97b7-1ddc02e289e6","block_type":"box","text":"-","page_number":4,"box":{"x":637,"y":715,"width":4,"height":1}},{"id":"01f42f33-8977-42f6-9f3b-12c24089deeb","block_type":"box","text":"funds that were launched or transferred to","page_number":4,"box":{"x":641,"y":710,"width":295,"height":8}},{"id":"079ab47a-c936-466b-b87f-6cbee71f33a8","block_type":"box","text":"Margetts after the review.","page_number":4,"box":{"x":67,"y":724,"width":178,"height":11}},{"id":"33653e5c-ff47-4d91-97af-b9c68201abfc","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":4,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"f7453f2e-d59a-432c-9755-d0e08f0b5bc6","block_type":"box","text":"MGTS IDAD Fund","page_number":5,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"540a1794-5708-4100-ac2a-380a99fb6c4b","block_type":"box","text":"-","page_number":5,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"bb8dfca5-6ac4-427b-a922-3b644b059d99","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":5,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"3c92c4db-5493-47f8-941e-55d3c3ecd57e","block_type":"box","text":"-","page_number":5,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"ef5f035a-164a-4e77-9b0c-fefeab1d2d96","block_type":"box","text":"fo","page_number":5,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"e4bcd81c-ca98-42f8-8f3c-2b8f4fccca40","block_type":"box","text":"for the","page_number":5,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"608fba47-de2e-40d9-803c-c7712e66a626","block_type":"box","text":"period","page_number":5,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"1d857307-f242-4cc7-9bad-94bc3bc9c18e","block_type":"box","text":"ended","page_number":5,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"885fd601-dcc7-47dd-a9a8-a3f82e6b3129","block_type":"box","text":"30 June 2026","page_number":5,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"cf017ec6-2a12-4ece-b2f4-2efa3f78183e","block_type":"box","text":"2","page_number":5,"box":{"x":66,"y":972,"width":8,"height":8}},{"id":"b1a88160-4d67-43c4-aab4-c4f650811414","block_type":"box","text":"Margetts Fund Management Limited","page_number":5,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"5c58d6eb-b055-4bcf-9298-3d4033ad3d08","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":5,"box":{"x":68,"y":68,"width":370,"height":14}},{"id":"e6c1539b-39b3-47ce-a73c-dda36347a13f","block_type":"box","text":"Report & Accounts","page_number":5,"box":{"x":447,"y":68,"width":207,"height":17}},{"id":"2b92bdad-7474-4b3d-86ca-7d00c55cd909","block_type":"box","text":"Investment","page_number":5,"box":{"x":68,"y":96,"width":131,"height":12}},{"id":"8a2fa135-e19a-437e-9430-8a27f04c0307","block_type":"box","text":"Manager","page_number":5,"box":{"x":201,"y":96,"width":98,"height":16}},{"id":"55c1a1b1-0fc1-4529-bbc2-4a7a5fa1978f","block_type":"box","text":"’s Report","page_number":5,"box":{"x":300,"y":95,"width":99,"height":16}},{"id":"785a7dba-e746-4ffa-92d7-cf0c848b0f97","block_type":"box","text":"For the p","page_number":5,"box":{"x":67,"y":117,"width":51,"height":8}},{"id":"8e7f8adc-254e-4c3c-aa18-31974634cced","block_type":"box","text":"period","page_number":5,"box":{"x":118,"y":117,"width":44,"height":10}},{"id":"235cef32-19c2-4fcf-b1ca-5a243340817f","block_type":"box","text":"ended","page_number":5,"box":{"x":166,"y":117,"width":45,"height":8}},{"id":"ddb28d2e-6258-4818-a713-e1793e10d36b","block_type":"box","text":"30 June 2026","page_number":5,"box":{"x":212,"y":117,"width":89,"height":8}},{"id":"6932188f-6925-49ee-a070-7c7e7e4582e9","block_type":"box","text":"Investment Objective","page_number":5,"box":{"x":68,"y":147,"width":212,"height":14}},{"id":"6e7f5b69-7d3d-4b7f-bc2a-a09b1d23a8ca","block_type":"box","text":"The objective of the MGTS IDAD Refined Growth Sub","page_number":5,"box":{"x":66,"y":166,"width":359,"height":10}},{"id":"ae88b1a0-365f-4061-9869-66a652a175c3","block_type":"box","text":"-","page_number":5,"box":{"x":427,"y":171,"width":4,"height":1}},{"id":"4f64fcb6-344b-4193-a44b-258c97bfc7a2","block_type":"box","text":"fund is to provide Capital Growth over any 5","page_number":5,"box":{"x":432,"y":166,"width":300,"height":10}},{"id":"5ffc5001-5e75-4f86-b8be-c089849803dc","block_type":"box","text":"-","page_number":5,"box":{"x":734,"y":171,"width":4,"height":1}},{"id":"82b8809b-c190-4088-a24b-0e3484c6d2fb","block_type":"box","text":"year period.","page_number":5,"box":{"x":739,"y":166,"width":81,"height":10}},{"id":"4e7ca416-587a-41bb-986e-88442f8ec215","block_type":"box","text":"Investment Policy","page_number":5,"box":{"x":68,"y":196,"width":171,"height":14}},{"id":"0b0405c7-d4ed-42b3-a6fc-f6c908ed608f","block_type":"box","text":"The Sub","page_number":5,"box":{"x":66,"y":215,"width":56,"height":8}},{"id":"072cd62d-5104-4c46-8eb8-47154d3e576e","block_type":"box","text":"-","page_number":5,"box":{"x":123,"y":220,"width":4,"height":1}},{"id":"e82f59aa-5e61-422c-bf2a-949646b337b9","block_type":"box","text":"fund will have a high allocation to structured products. The minimum allocation will be at least 50%, however it is","page_number":5,"box":{"x":128,"y":215,"width":808,"height":10}},{"id":"90fb76f7-ae7f-4cdf-82c9-1d7c2aae86c9","block_type":"box","text":"expected that it will normally be more than 80%.","page_number":5,"box":{"x":67,"y":230,"width":331,"height":10}},{"id":"0f7b57ea-9f51-457b-934d-350d43137632","block_type":"box","text":"Structured products are a type of debt asset that provides investment returns based on the returns of other assets, for examp","page_number":5,"box":{"x":67,"y":258,"width":852,"height":11}},{"id":"328fe299-8316-498f-af81-6f78cb187575","block_type":"box","text":"le","page_number":5,"box":{"x":922,"y":258,"width":15,"height":8}},{"id":"f74416fc-a64f-4b78-8e5b-781e8363fad4","block_type":"box","text":"recognised indices such as the FTSE 100 or S&P 500. The Sub","page_number":5,"box":{"x":67,"y":273,"width":413,"height":10}},{"id":"cee520a3-af85-47b2-9593-d8f15c0b5b72","block_type":"box","text":"-","page_number":5,"box":{"x":482,"y":278,"width":4,"height":0}},{"id":"b8c618ff-3371-4be2-af25-659ebda8374b","block_type":"box","text":"fund refines growth by combining some of the qualities of shares","page_number":5,"box":{"x":487,"y":273,"width":449,"height":10}},{"id":"480c8a6e-46a3-470e-86a2-87da1fc38165","block_type":"box","text":"(su","page_number":5,"box":{"x":67,"y":287,"width":18,"height":10}},{"id":"fc8cb3c3-60bf-4bbd-a804-eb42c985c3aa","block_type":"box","text":"ch as the higher potential for growth), with some of the qualities of debt assets (such as defined payments and maturity","page_number":5,"box":{"x":87,"y":287,"width":849,"height":11}},{"id":"82cf4e8a-2f7a-4ca3-bb64-45908ddb5427","block_type":"box","text":"dates). There are many types of structured products and descriptions and examples are detailed under the section ‘Investment","page_number":5,"box":{"x":67,"y":302,"width":869,"height":10}},{"id":"55d6eddb-c4b5-4579-8292-bb6733f77d2b","block_type":"box","text":"Strategy’","page_number":5,"box":{"x":67,"y":316,"width":59,"height":11}},{"id":"46342c5c-1c6a-4ab0-a5cb-ddf5e215418f","block_type":"box","text":"of the prospectus","page_number":5,"box":{"x":132,"y":316,"width":118,"height":11}},{"id":"2b0eb841-4e81-42c2-b661-a3b75afafec5","block_type":"box","text":".","page_number":5,"box":{"x":252,"y":323,"width":2,"height":2}},{"id":"1227413b-44df-4d32-8391-3be705fd9a0d","block_type":"box","text":"The Sub","page_number":5,"box":{"x":66,"y":345,"width":54,"height":8}},{"id":"a8610dfa-bf77-4925-ad59-96d12854ae05","block_type":"box","text":"-","page_number":5,"box":{"x":121,"y":350,"width":4,"height":1}},{"id":"f0bbcb69-f43e-4a5a-84a5-3326155a7d26","block_type":"box","text":"fund may invest (maximum of 50% of its value) into instruments which are not structured products, for example other","page_number":5,"box":{"x":126,"y":345,"width":810,"height":10}},{"id":"d540e26b-0c4f-4b83-ac34-9dee674e29d1","block_type":"box","text":"transferable securities, such as shares, bonds, near cash instruments, investment trusts, real estate investment trusts (REIT","page_number":5,"box":{"x":66,"y":359,"width":850,"height":11}},{"id":"6e4609f6-3372-4cfb-864c-b6f95c586d11","block_type":"box","text":"s),","page_number":5,"box":{"x":918,"y":359,"width":19,"height":11}},{"id":"62b98280-0c20-4180-8e2d-b102203349d1","block_type":"box","text":"and","page_number":5,"box":{"x":67,"y":374,"width":24,"height":8}},{"id":"ba8594cd-7042-4d82-a4d1-58de58b2101d","block_type":"box","text":"collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). No","page_number":5,"box":{"x":97,"y":374,"width":839,"height":10}},{"id":"bdf7a773-8e8a-4ee3-97aa-6d8667fa289d","block_type":"box","text":"more than 10% of the value can be invested in collective investment schemes, including exchange traded funds.","page_number":5,"box":{"x":67,"y":389,"width":760,"height":10}},{"id":"3a309a21-94d4-4909-a974-8a9b55920d86","block_type":"box","text":"The Sub","page_number":5,"box":{"x":66,"y":417,"width":54,"height":9}},{"id":"45b37b30-b5a4-4a34-b41e-9074ba047efd","block_type":"box","text":"-","page_number":5,"box":{"x":121,"y":422,"width":4,"height":1}},{"id":"46448077-0e59-4216-8a77-e9ef46577837","block_type":"box","text":"fund is actively managed, which means that Manager decides which investments to buy or sell and when.","page_number":5,"box":{"x":126,"y":417,"width":717,"height":11}},{"id":"3256a113-31d6-4717-ad2e-ad7ab420ddf8","block_type":"box","text":"The Sub","page_number":5,"box":{"x":66,"y":446,"width":56,"height":8}},{"id":"b05fccf6-39b9-4c9a-baea-37e344f2f5ac","block_type":"box","text":"-","page_number":5,"box":{"x":123,"y":451,"width":4,"height":1}},{"id":"a1c0224a-5e2e-4000-858d-6c05eb647344","block_type":"box","text":"fund will be fully invested save for a cash amount to enable ready settlement of liabilities (including redemption of","page_number":5,"box":{"x":128,"y":446,"width":808,"height":10}},{"id":"ab8a13cf-1a40-44c2-95d9-a34cf6c276ab","block_type":"box","text":"shares) and efficient management of the Sub","page_number":5,"box":{"x":67,"y":461,"width":300,"height":10}},{"id":"5a0e9d6f-6898-42de-b00b-9042bad00496","block_type":"box","text":"-","page_number":5,"box":{"x":369,"y":465,"width":4,"height":1}},{"id":"dc005575-b288-4a44-8e0c-9537ca81e7f2","block_type":"box","text":"fund both generally and in relation to its objective. This amount will vary depending","page_number":5,"box":{"x":374,"y":461,"width":562,"height":10}},{"id":"183edf3c-06d9-4a53-9a9b-71410fcbe200","block_type":"box","text":"upon prevailing circumstances and although it would normally not exceed 10% of the total value of the Sub","page_number":5,"box":{"x":67,"y":475,"width":729,"height":11}},{"id":"2bb0a5f8-2aac-41d2-be71-5c3fe39cc5ea","block_type":"box","text":"-","page_number":5,"box":{"x":798,"y":480,"width":4,"height":1}},{"id":"d38fbd73-58a7-444a-9315-586710bcc697","block_type":"box","text":"fund, there may be","page_number":5,"box":{"x":803,"y":475,"width":134,"height":11}},{"id":"e2dde300-0b6e-4e58-982b-780fae1c0b96","block_type":"box","text":"times when the Investment Manager considers stock markets around the world to be overpriced or that a period of instability","page_number":5,"box":{"x":66,"y":489,"width":870,"height":11}},{"id":"91c7ad02-ffc6-4fd4-ac46-5fbfbe06c40d","block_type":"box","text":"exists","page_number":5,"box":{"x":67,"y":504,"width":41,"height":8}},{"id":"11bed870-ba2f-4350-a7ea-69753aa31045","block_type":"box","text":"which presents unusual risks. In such cases or during such periods and, if considered prudent, the amount of cash or near","page_number":5,"box":{"x":109,"y":504,"width":827,"height":10}},{"id":"4e5bd69b-46d0-418a-b5a1-5b0a182173be","block_type":"box","text":"cash instruments held would be increased. Unless market conditions were deemed unusually risky, the increased amount and","page_number":5,"box":{"x":67,"y":519,"width":869,"height":10}},{"id":"380d2c5b-2cff-4f16-adfa-7a2d44229aa4","block_type":"box","text":"period would","page_number":5,"box":{"x":67,"y":533,"width":93,"height":10}},{"id":"016eab4f-7ccf-4e0c-a6bf-7ea0f7a7b12c","block_type":"box","text":"not be expected to exceed 30% and six months respectively.","page_number":5,"box":{"x":162,"y":533,"width":408,"height":10}},{"id":"577e42aa-a540-44e9-a23c-b2f82fe85ba7","block_type":"box","text":"The use of derivatives and/or hedging transactions are permitted in connection with investment purposes and","page_number":5,"box":{"x":66,"y":561,"width":748,"height":11}},{"id":"5f8a65d3-acae-459c-97d2-9c6b5eef1c17","block_type":"box","text":"E","page_number":5,"box":{"x":815,"y":562,"width":6,"height":8}},{"id":"6567e689-5f95-49f5-b410-8c919b154dfb","block_type":"box","text":"fficient","page_number":5,"box":{"x":823,"y":562,"width":51,"height":8}},{"id":"94ef88de-d83b-4c0f-90b2-a05f637e0326","block_type":"box","text":"P","page_number":5,"box":{"x":875,"y":562,"width":6,"height":8}},{"id":"36f0ae37-6efa-449e-996d-04fbda8b17a5","block_type":"box","text":"ortfolio","page_number":5,"box":{"x":883,"y":562,"width":54,"height":8}},{"id":"b93111c9-c681-40b1-8a01-94dc917b92f3","block_type":"box","text":"M","page_number":5,"box":{"x":67,"y":577,"width":12,"height":8}},{"id":"125a3dd2-0e87-4ca5-8b1c-add80a187a9e","block_type":"box","text":"anagement (EPM","page_number":5,"box":{"x":81,"y":576,"width":121,"height":11}},{"id":"9dab39a9-ed52-4491-9599-f455e3db9ece","block_type":"box","text":"-","page_number":5,"box":{"x":204,"y":581,"width":4,"height":1}},{"id":"3cf2439c-31e0-4b86-a979-8d10934cbacd","block_type":"box","text":"managing the Sub","page_number":5,"box":{"x":214,"y":576,"width":122,"height":11}},{"id":"31ac15c9-8d81-4dfc-800e-6b26883db04b","block_type":"box","text":"-","page_number":5,"box":{"x":338,"y":581,"width":4,"height":1}},{"id":"c5be8f52-abfd-4549-8735-bbe27de99776","block_type":"box","text":"fund in a way that is designed to reduce risk or cost and/or generate extra income or","page_number":5,"box":{"x":343,"y":576,"width":593,"height":11}},{"id":"160c9b0b-7f61-4323-b142-80a0c2dd21bf","block_type":"box","text":"growth or both). The scheme may hold assets which embed derivatives that are used for investment purposes and","page_number":5,"box":{"x":66,"y":591,"width":809,"height":10}},{"id":"633771d3-5eea-4cda-8348-18c9654fa89b","block_type":"box","text":"E","page_number":5,"box":{"x":878,"y":592,"width":6,"height":7}},{"id":"42d1e636-6ab8-4133-a99c-32300ae2f192","block_type":"box","text":"fficient","page_number":5,"box":{"x":886,"y":591,"width":51,"height":8}},{"id":"0a82f245-44e1-4154-a82c-132c84e92ff0","block_type":"box","text":"P","page_number":5,"box":{"x":67,"y":606,"width":7,"height":8}},{"id":"8d6ca655-88e5-453c-853b-02e279c67f42","block_type":"box","text":"ortfolio","page_number":5,"box":{"x":76,"y":606,"width":53,"height":8}},{"id":"640dd4ce-2c17-45cf-864c-5eb47f100503","block_type":"box","text":"M","page_number":5,"box":{"x":131,"y":606,"width":12,"height":8}},{"id":"91b1d63c-1d92-4101-b582-4a113b519e54","block_type":"box","text":"anagement.","page_number":5,"box":{"x":145,"y":607,"width":79,"height":9}},{"id":"0da73af9-b10e-4426-b177-e57c1e6a45d5","block_type":"box","text":"Performance Comparison","page_number":5,"box":{"x":68,"y":635,"width":245,"height":14}},{"id":"272650a5-681e-47c4-9582-41153133e7b2","block_type":"box","text":"There are three types of","page_number":5,"box":{"x":66,"y":655,"width":169,"height":10}},{"id":"a928fb3a-ba1a-4c17-aa2c-f5c88a570b6e","block_type":"box","text":"benchmarks which can be used:","page_number":5,"box":{"x":237,"y":655,"width":214,"height":8}},{"id":"24bd58ae-cb17-4c72-b912-1034e796891d","block_type":"box","text":"1.","page_number":5,"box":{"x":67,"y":684,"width":11,"height":7}},{"id":"fb70b309-dd54-4ae8-bef2-5239dceeb102","block_type":"box","text":"A target","page_number":5,"box":{"x":131,"y":684,"width":59,"height":9}},{"id":"0fc768e5-6261-43bf-bfbe-59beb6ebabbb","block_type":"box","text":"-","page_number":5,"box":{"x":191,"y":688,"width":4,"height":1}},{"id":"a233efed-4bee-4cb5-97dd-5995c24e627f","block_type":"box","text":"an index or similar factor that is part of a target a fund manager has set for a fund’s performance to match","page_number":5,"box":{"x":200,"y":683,"width":736,"height":10}},{"id":"b1347eac-0573-4af2-a405-ec838897f5e1","block_type":"box","text":"or exceed, which includes anything used for performance fee calculation","page_number":5,"box":{"x":127,"y":698,"width":493,"height":10}},{"id":"f263c278-1d55-449d-943d-ee22c2346c3f","block_type":"box","text":"2.","page_number":5,"box":{"x":67,"y":727,"width":11,"height":8}},{"id":"879f832f-0141-4483-b9e3-f56068d76afe","block_type":"box","text":"A constraint","page_number":5,"box":{"x":131,"y":727,"width":88,"height":8}},{"id":"73eebf6b-6e77-4173-b125-af773e57a4fa","block_type":"box","text":"-","page_number":5,"box":{"x":221,"y":731,"width":4,"height":1}},{"id":"099d7b76-3c23-4446-bfd9-893cc3b44d30","block_type":"box","text":"an index or similar factor that fund managers use to limit or constrain how they construct a fund’s","page_number":5,"box":{"x":233,"y":726,"width":703,"height":11}},{"id":"9314fbdd-fe23-47c4-b54e-b47be29a0bd1","block_type":"box","text":"portfolio","page_number":5,"box":{"x":128,"y":741,"width":58,"height":10}},{"id":"8e5798b9-ba6f-4075-b17f-97ab3d87f1c6","block_type":"box","text":"3.","page_number":5,"box":{"x":67,"y":770,"width":16,"height":8}},{"id":"885b3dc1-4830-4335-b420-ff49d62c6e88","block_type":"box","text":"A comparator","page_number":5,"box":{"x":127,"y":770,"width":101,"height":10}},{"id":"ad01c7c4-ea1c-4399-afa0-54e8df9f1606","block_type":"box","text":"-","page_number":5,"box":{"x":233,"y":775,"width":4,"height":0}},{"id":"beba7294-6fb0-468c-9800-fe12b2b6752a","block_type":"box","text":"an index or similar factor against which a fund manager invites investors to compare a fund’s","page_number":5,"box":{"x":245,"y":770,"width":691,"height":10}},{"id":"83ec75bb-d7dc-4cca-8b65-f181229893a5","block_type":"box","text":"performance","page_number":5,"box":{"x":128,"y":784,"width":87,"height":11}},{"id":"b00bbd57-351e-481c-bf56-b88080b4a2aa","block_type":"box","text":"The Sub","page_number":5,"box":{"x":66,"y":813,"width":54,"height":8}},{"id":"cab7b186-d3a0-4f20-8cf0-08d03ad558ef","block_type":"box","text":"-","page_number":5,"box":{"x":121,"y":818,"width":4,"height":1}},{"id":"e95e0bae-74ff-40c4-8a48-e43b8323edad","block_type":"box","text":"fund is not constrained by any index, IA sector or similar factor.","page_number":5,"box":{"x":126,"y":813,"width":430,"height":10}},{"id":"f7c71969-7a4c-49ee-8f73-0a5e37a1d853","block_type":"box","text":"The IA (Investment Association) Flexible Investment Sector can be used by investors as a comparator. This is considered","page_number":5,"box":{"x":66,"y":841,"width":870,"height":11}},{"id":"28034212-e7a8-49d7-af40-258e0932b76f","block_type":"box","text":"appropriate for investors to use when comparing performance as the sector is made up of funds which have diverse objectives","page_number":5,"box":{"x":67,"y":856,"width":869,"height":10}},{"id":"26d25896-bcd1-4622-b3f3-88b9e0e30bfc","block_type":"box","text":"and asset al","page_number":5,"box":{"x":67,"y":871,"width":78,"height":8}},{"id":"ab216366-5551-406f-8460-afeb32b82a73","block_type":"box","text":"locations as defined by the IA. The sector is not constructed as an Index, therefore as funds enter or leave the sector","page_number":5,"box":{"x":147,"y":871,"width":789,"height":10}},{"id":"825e5bbe-3b05-4d1a-b516-68277a2518ee","block_type":"box","text":"composition can change, but it is considered that the sector remains a useful and relevant comparator for investors to assess","page_number":5,"box":{"x":67,"y":885,"width":864,"height":11}},{"id":"afe3987f-d93d-411b-b949-cc781704168e","block_type":"box","text":"performanc","page_number":5,"box":{"x":67,"y":900,"width":79,"height":10}},{"id":"3fff6cbd-50c2-4d35-a321-7f39b0d4e970","block_type":"box","text":"e within a relevant peer group.","page_number":5,"box":{"x":147,"y":900,"width":209,"height":10}},{"id":"58ccd196-6bd9-4886-849f-0f27c8ac4733","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":5,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"57527e2a-1fc7-4de3-ade3-e32eb17bba48","block_type":"box","text":"MGTS IDAD Fund","page_number":6,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"13323383-ffc5-4dde-a195-6215fe5454ff","block_type":"box","text":"-","page_number":6,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"cade3f2c-4cab-46bb-87f4-352f2f9ab8b7","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":6,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"cdc56b74-d57a-40df-a29a-7c6f63e768f1","block_type":"box","text":"-","page_number":6,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"6312703a-6dc7-4b89-a280-5f3d24a2df9f","block_type":"box","text":"fo","page_number":6,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"9d38592a-9684-41ce-bab4-28cde329a388","block_type":"box","text":"for the","page_number":6,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"61486872-4edf-4b76-a2fd-20757a3cac1e","block_type":"box","text":"period","page_number":6,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"3d93d48c-1e35-4a03-9f3d-042640131a89","block_type":"box","text":"ended","page_number":6,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"8721d803-0279-4bdd-bc19-4bc7f2de13ff","block_type":"box","text":"30 June 2026","page_number":6,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"f23cba96-a642-4f7c-9071-3fa17e7678b9","block_type":"box","text":"3","page_number":6,"box":{"x":66,"y":972,"width":8,"height":8}},{"id":"0d70f0fc-0a51-4f23-997f-35f7e487177c","block_type":"box","text":"Margetts Fund Management Limited","page_number":6,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"3cd75d1e-d319-484c-a806-c8eaa109e09d","block_type":"box","text":"Investment Manager’s Report (continued)","page_number":6,"box":{"x":68,"y":68,"width":466,"height":17}},{"id":"dd7167c6-d79a-4d3c-9044-025d46b1088f","block_type":"box","text":"Investment Review","page_number":6,"box":{"x":68,"y":106,"width":185,"height":11}},{"id":"c91f4e70-ba1f-4c99-98ce-ddbbbcbbe582","block_type":"box","text":"Source:","page_number":6,"box":{"x":66,"y":170,"width":54,"height":8}},{"id":"4de9ac6b-367b-4ab8-a303-ada4be5abb1e","block_type":"box","text":"Morningstar. Performance is bid to bid with income reinvested.","page_number":6,"box":{"x":121,"y":170,"width":426,"height":10}},{"id":"80a2c0b9-d732-4010-a600-0ca13c84c378","block_type":"box","text":"Benchmarks","page_number":6,"box":{"x":68,"y":201,"width":117,"height":12}},{"id":"9ce5f919-4fc3-47ca-a07f-959baff2be80","block_type":"box","text":"IA Flexible Investment","page_number":6,"box":{"x":77,"y":220,"width":149,"height":9}},{"id":"872c3ee2-54a5-468b-a84e-042a5f668407","block_type":"box","text":"7","page_number":6,"box":{"x":573,"y":221,"width":7,"height":7}},{"id":"91500b24-b49c-41e8-b696-0e04a82d771f","block_type":"box","text":".","page_number":6,"box":{"x":582,"y":227,"width":2,"height":2}},{"id":"948a8b72-4965-48f4-be52-9301bbd7d5ea","block_type":"box","text":"90","page_number":6,"box":{"x":586,"y":221,"width":15,"height":8}},{"id":"73f0ea4f-1429-4be7-8c2f-a3dd755cfed5","block_type":"box","text":"%","page_number":6,"box":{"x":603,"y":221,"width":15,"height":8}},{"id":"15e90a03-71af-483e-9fb7-713c6b97d4db","block_type":"box","text":"Source: Morningstar. Performance is bid to bid with income reinvested.","page_number":6,"box":{"x":66,"y":249,"width":480,"height":11}},{"id":"128cdfb6-2d4f-4a2a-8ea5-9da6c2747609","block_type":"box","text":"The first 6 months of 2026 delivered modest returns of 1.","page_number":6,"box":{"x":66,"y":278,"width":391,"height":9}},{"id":"c0a7317d-dc73-43bd-9a02-74b15ea19ade","block_type":"box","text":"00","page_number":6,"box":{"x":459,"y":279,"width":16,"height":8}},{"id":"e093a36e-1aca-44c7-bf68-51c81457f5f5","block_type":"box","text":"%","page_number":6,"box":{"x":476,"y":279,"width":11,"height":8}},{"id":"3eab7338-453d-4a3a-a99f-d5880532f5f9","block_type":"box","text":"(A Acc)","page_number":6,"box":{"x":493,"y":278,"width":45,"height":11}},{"id":"070514c4-963b-47d0-8ccb-7c543ba75a38","block_type":"box","text":"over the period. An element of this lower performance is","page_number":6,"box":{"x":544,"y":278,"width":392,"height":11}},{"id":"0aa50e43-b577-43f0-8e55-0b2db11a7c79","block_type":"box","text":"down to rising medium term interest rates, which has the effect of reducing mark to market values on many of the","page_number":6,"box":{"x":67,"y":293,"width":800,"height":10}},{"id":"0c3db8ed-20d0-4270-af14-4f37dccd1ef6","block_type":"box","text":"products.","page_number":6,"box":{"x":869,"y":293,"width":68,"height":10}},{"id":"64be8508-2cd8-440f-8272-e1dffacfb880","block_type":"box","text":"The maturity profile of products in the portfolio should see performance improve as gains are crystallised with the spike in","page_number":6,"box":{"x":66,"y":308,"width":830,"height":10}},{"id":"082a924a-aece-470f-97c6-e88d7d55fd38","block_type":"box","text":"value","page_number":6,"box":{"x":897,"y":308,"width":40,"height":8}},{"id":"4323b226-0311-4082-9d01-b9218bea842f","block_type":"box","text":"this delivers, especially over Q3 2026.","page_number":6,"box":{"x":66,"y":322,"width":255,"height":10}},{"id":"c5c3e687-d53d-4fda-ac82-1205143e340e","block_type":"box","text":"The portfolio as a whole remains more defensive in","page_number":6,"box":{"x":66,"y":351,"width":358,"height":10}},{"id":"ca99e542-0683-4f60-8a94-fef7a7c37d0d","block_type":"box","text":"nature,","page_number":6,"box":{"x":426,"y":352,"width":47,"height":9}},{"id":"f46ebac8-8db2-47d8-8953-cd1bfadb64a7","block_type":"box","text":"and this is reflected in the scenario analysis, with stronger returns","page_number":6,"box":{"x":479,"y":351,"width":457,"height":10}},{"id":"6ac6e947-37df-4795-89c7-0df9adabf5a7","block_type":"box","text":"expected in poorer performing markets. Core holdings have increased and tactical holdings (focused on specific market themes","page_number":6,"box":{"x":67,"y":365,"width":869,"height":11}},{"id":"4b455a7b-9618-4e31-b0f1-97cf655fde6f","block_type":"box","text":"with higher risk/higher return investments) have reduced sig","page_number":6,"box":{"x":66,"y":380,"width":421,"height":10}},{"id":"cda3c0a3-0d88-484d-8337-270db492c879","block_type":"box","text":"nificantly. Overall delta to","page_number":6,"box":{"x":489,"y":380,"width":182,"height":10}},{"id":"242fa0aa-578d-4ff9-b210-c2521e25cc67","block_type":"box","text":"underlying markets","page_number":6,"box":{"x":673,"y":380,"width":131,"height":10}},{"id":"d54a4aee-6b38-4a51-ad4b-de70d296b8e3","block_type":"box","text":"has reduced from","page_number":6,"box":{"x":812,"y":380,"width":125,"height":8}},{"id":"cf3eb656-382a-40bd-b20a-d17314e1eeff","block_type":"box","text":"57% to 44%, meaning the performance of the","page_number":6,"box":{"x":67,"y":395,"width":311,"height":10}},{"id":"993361a6-a506-492f-99bd-dc999fbbbaee","block_type":"box","text":"Sub","page_number":6,"box":{"x":379,"y":395,"width":24,"height":8}},{"id":"ffe6d358-6d47-4eb4-a26e-e180d9a914ca","block_type":"box","text":"-","page_number":6,"box":{"x":404,"y":399,"width":4,"height":1}},{"id":"a41e3d8c-a136-4cc9-8c18-0ef21ad9f9bf","block_type":"box","text":"f","page_number":6,"box":{"x":409,"y":395,"width":5,"height":8}},{"id":"bdad1d09-0d86-4b9a-bf07-50d8be3f9779","block_type":"box","text":"und will be less closely correlated to the performance of underlying markets.","page_number":6,"box":{"x":415,"y":395,"width":521,"height":10}},{"id":"62505697-34cb-49af-9860-cc98c5c42069","block_type":"box","text":"Within","page_number":6,"box":{"x":67,"y":409,"width":49,"height":8}},{"id":"148e428e-2f13-4f74-ac52-e1abc2003567","block_type":"box","text":"that exposure, Asia ex","page_number":6,"box":{"x":116,"y":409,"width":150,"height":10}},{"id":"1b949dc2-0d95-4e5b-9d03-ee68a43d2288","block_type":"box","text":"-","page_number":6,"box":{"x":266,"y":414,"width":4,"height":1}},{"id":"5fe9e5d8-9c00-48c7-a15f-5878e662d46c","block_type":"box","text":"Japan exposure is around a third of what it was at the beginning of the","page_number":6,"box":{"x":271,"y":409,"width":481,"height":10}},{"id":"a1c691a9-8db5-43ea-8b03-55709e73614b","block_type":"box","text":"year,","page_number":6,"box":{"x":753,"y":412,"width":33,"height":7}},{"id":"4895e731-34c4-4a72-898d-1e3fc13e3c6a","block_type":"box","text":"and UK exposure has","page_number":6,"box":{"x":792,"y":409,"width":145,"height":10}},{"id":"1e3f81fa-97ed-4db3-8537-08efc3fc6c97","block_type":"box","text":"increased. Our policy of being broadly neutral in terms of currency exposure between USD and GBP has worked fine with the","page_number":6,"box":{"x":67,"y":423,"width":869,"height":11}},{"id":"32430a85-8bef-4b7a-9fc7-da0b3b14d9f6","block_type":"box","text":"currencies trading within a tight range over the period.","page_number":6,"box":{"x":67,"y":438,"width":372,"height":10}},{"id":"ec42d1cd-6c09-4646-bf44-f9561178ed91","block_type":"box","text":"Since the strategy change in 2022, the","page_number":6,"box":{"x":67,"y":467,"width":279,"height":10}},{"id":"2c12d6e5-5ebb-4690-8859-aa21c258c303","block_type":"box","text":"Sub","page_number":6,"box":{"x":350,"y":467,"width":24,"height":8}},{"id":"f95423d6-4a87-4875-9e2a-47fc5d6fd215","block_type":"box","text":"-","page_number":6,"box":{"x":375,"y":472,"width":4,"height":1}},{"id":"79770c11-9957-4dc8-a2bd-e5be91ee0320","block_type":"box","text":"f","page_number":6,"box":{"x":380,"y":467,"width":5,"height":8}},{"id":"ba75374a-8cf9-4f3d-8822-de31e7adde30","block_type":"box","text":"und has delivered the targeted performance and provides investors with the","page_number":6,"box":{"x":386,"y":467,"width":550,"height":10}},{"id":"0d14d952-b7ea-4eeb-941c-a1f4a0b4c0c1","block_type":"box","text":"opportunity for more consistent returns from a fund that is usually categorised as part of an ‘alternatives’ allocation.","page_number":6,"box":{"x":67,"y":481,"width":792,"height":11}},{"id":"d8cb23b5-c852-4fe1-a1a4-1f3f2ce74666","block_type":"box","text":"IDAD Limited","page_number":6,"box":{"x":67,"y":511,"width":88,"height":8}},{"id":"c0076ceb-aed5-4559-8bb2-a35e624aa133","block_type":"box","text":"Investment Manager","page_number":6,"box":{"x":67,"y":525,"width":142,"height":10}},{"id":"f695da0f-7020-47db-abed-e6615d62f0c1","block_type":"box","text":"21 July 2026","page_number":6,"box":{"x":67,"y":539,"width":83,"height":11}},{"id":"98609098-8246-44f5-b8d9-a66dc371e12a","block_type":"box","text":"MGTS IDAD Refined Growth Fund R Acc","page_number":6,"box":{"x":77,"y":126,"width":268,"height":8}},{"id":"ecd3c16e-61dd-4426-b393-79ec48a214bb","block_type":"box","text":"0.","page_number":6,"box":{"x":573,"y":126,"width":11,"height":8}},{"id":"623be8da-e161-41b0-ae9a-f54aabd7fd04","block_type":"box","text":"64","page_number":6,"box":{"x":586,"y":126,"width":16,"height":8}},{"id":"3510ad73-9051-434b-89da-26523fdc205c","block_type":"box","text":"%","page_number":6,"box":{"x":603,"y":126,"width":15,"height":8}},{"id":"cba1a842-4ba9-4845-8a3b-bb383a1b9e8b","block_type":"box","text":"MGTS IDAD Refined Growth Fund A Acc","page_number":6,"box":{"x":77,"y":140,"width":268,"height":9}},{"id":"fee5f66d-1de3-449b-b3d1-722ec928c394","block_type":"box","text":"1.","page_number":6,"box":{"x":574,"y":141,"width":10,"height":8}},{"id":"4406d4d3-7af2-472d-8cd8-817dd349fc0f","block_type":"box","text":"00","page_number":6,"box":{"x":586,"y":141,"width":15,"height":8}},{"id":"c8a617af-048b-47e4-942e-ebc2e84d3a13","block_type":"box","text":"%","page_number":6,"box":{"x":603,"y":141,"width":15,"height":8}},{"id":"cbe4d197-b827-4839-8288-e92b4711d19c","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":6,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"e33160be-86f6-4bc8-a6bb-6dc61b997cf4","block_type":"box","text":"MGTS IDAD Fund","page_number":7,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"9c111756-2317-4614-b010-400ef3827e04","block_type":"box","text":"-","page_number":7,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"556eabf0-5123-41f3-bd10-a31cc34ed0e1","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":7,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"b9c0d87b-263f-4bf1-a5d7-065bec4789a2","block_type":"box","text":"-","page_number":7,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"826b5dcb-0177-4e62-bbcd-c72fcdf1588a","block_type":"box","text":"fo","page_number":7,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"86bd229a-2d61-42c7-a508-18573df7b38d","block_type":"box","text":"for the","page_number":7,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"e4b96886-ea3f-4681-b361-790c8093dbc0","block_type":"box","text":"period","page_number":7,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"20432d8c-ed0b-42da-bb83-facb4c83b815","block_type":"box","text":"ended","page_number":7,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"dbcf5814-9316-4c8f-9c7c-4879c8deb323","block_type":"box","text":"30 June 2026","page_number":7,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"eb4446fa-2ea7-4db1-984d-826add4fb9fb","block_type":"box","text":"4","page_number":7,"box":{"x":66,"y":972,"width":8,"height":8}},{"id":"bbd8a7ac-7bf7-4d62-91ff-d97485e1efa0","block_type":"box","text":"Margetts Fund Management Limited","page_number":7,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"45bbca0a-f6c3-4ae8-9ecb-eed4fedc66a3","block_type":"box","text":"Portfolio","page_number":7,"box":{"x":68,"y":68,"width":102,"height":14}},{"id":"eccc9c40-fad2-4a38-98be-1e3d2da12048","block_type":"box","text":"S","page_number":7,"box":{"x":171,"y":69,"width":11,"height":13}},{"id":"bcd73371-e64b-4135-b6eb-20d88df8b9a4","block_type":"box","text":"tatement","page_number":7,"box":{"x":184,"y":70,"width":103,"height":12}},{"id":"5a07e78f-ed6b-45d0-8631-fb5475aad4c1","block_type":"box","text":"As at 30 June 2026","page_number":7,"box":{"x":66,"y":90,"width":128,"height":8}},{"id":"2ae16f7d-30f6-4f3a-9620-90ce65458237","block_type":"box","text":"% OF NET ASSETS","page_number":7,"box":{"x":788,"y":104,"width":108,"height":7}},{"id":"379df43b-8cea-47cf-bb4e-19f59ef7c0f5","block_type":"box","text":"HOLDING","page_number":7,"box":{"x":115,"y":117,"width":58,"height":7}},{"id":"90cc47ff-e0d0-4e96-88e0-dc9b60a89cd7","block_type":"box","text":"INVESTMENT","page_number":7,"box":{"x":192,"y":117,"width":83,"height":7}},{"id":"bb2ec34d-d5b3-4512-a7a8-6c0b73ad8e62","block_type":"box","text":"VALUE (£)","page_number":7,"box":{"x":659,"y":117,"width":62,"height":9}},{"id":"0cbf6483-5346-41f4-92c4-c4926c9469fb","block_type":"box","text":"30.06.2026","page_number":7,"box":{"x":764,"y":117,"width":69,"height":7}},{"id":"9bae2f55-1a8c-4516-bd37-7b824208ab86","block_type":"box","text":"31.12.2025","page_number":7,"box":{"x":876,"y":117,"width":68,"height":7}},{"id":"1c2bc6f5-c144-4f13-8747-2877e78fe66d","block_type":"box","text":"COLLECTIVE INVESTMENT SCHEMES","page_number":7,"box":{"x":85,"y":131,"width":223,"height":7}},{"id":"78f45aa2-6fcd-404b-80de-2e675e531484","block_type":"box","text":"£ CORPORATE BOND","page_number":7,"box":{"x":192,"y":144,"width":129,"height":7}},{"id":"612dc1df-73de-48a9-ae8d-a3a2e27d99c5","block_type":"box","text":"629","page_number":7,"box":{"x":151,"y":157,"width":22,"height":7}},{"id":"514b7713-0b6f-4ece-85d9-b84e9cdd146e","block_type":"box","text":"JPM GBP ULTRA","page_number":7,"box":{"x":195,"y":157,"width":98,"height":7}},{"id":"191d3f92-7967-45ce-9b96-1e51087eec9a","block_type":"box","text":"-","page_number":7,"box":{"x":294,"y":161,"width":4,"height":0}},{"id":"6cfc6052-6e6c-4f3a-913d-aafe26ad72c2","block_type":"box","text":"SHORT INCOME ETF GBP ACC","page_number":7,"box":{"x":299,"y":157,"width":179,"height":7}},{"id":"3777a27b-1f60-40fa-be99-161d155cc14b","block_type":"box","text":"1","page_number":7,"box":{"x":482,"y":156,"width":4,"height":5}},{"id":"d016cdb2-2203-43b3-9429-9f725bbd9c94","block_type":"box","text":"76,123","page_number":7,"box":{"x":680,"y":157,"width":41,"height":8}},{"id":"7d000947-7059-4921-9d09-87bf48cae38a","block_type":"box","text":"3.22","page_number":7,"box":{"x":807,"y":157,"width":26,"height":7}},{"id":"95f62553-baff-4b16-bd99-153a93c35441","block_type":"box","text":"TOTAL £ CORPORATE BOND","page_number":7,"box":{"x":192,"y":170,"width":174,"height":7}},{"id":"c2d2eb7d-a2d2-4c70-afc3-c02447012c84","block_type":"box","text":"76,123","page_number":7,"box":{"x":680,"y":170,"width":41,"height":8}},{"id":"e3686309-77ff-46d5-bb68-03dd459ab72d","block_type":"box","text":"3.22","page_number":7,"box":{"x":807,"y":170,"width":25,"height":7}},{"id":"f4a3f7f2-6a8a-4779-973d-21817065821a","block_type":"box","text":"3.","page_number":7,"box":{"x":918,"y":170,"width":10,"height":7}},{"id":"ee4cd731-b569-432f-afb2-579c0d52fe94","block_type":"box","text":"56","page_number":7,"box":{"x":930,"y":170,"width":14,"height":7}},{"id":"f9e7b9c8-4a0a-4c27-b1c7-0598ea9994d6","block_type":"box","text":"GOVERNMENT OR PUBLIC BONDS","page_number":7,"box":{"x":85,"y":196,"width":211,"height":7}},{"id":"513606f0-6e1f-49d5-92ec-22bdca9cff2d","block_type":"box","text":"TOTAL GOVERNMENT","page_number":7,"box":{"x":192,"y":222,"width":136,"height":7}},{"id":"26239efa-a79a-4eef-ac13-4c0fb535dd27","block_type":"box","text":"-","page_number":7,"box":{"x":717,"y":226,"width":4,"height":1}},{"id":"b9c23731-7f06-4112-9d33-2fcf63c430cb","block_type":"box","text":"-","page_number":7,"box":{"x":829,"y":226,"width":4,"height":1}},{"id":"8354d956-7a61-48f4-b2c3-491f23a486c3","block_type":"box","text":"7.3","page_number":7,"box":{"x":918,"y":222,"width":18,"height":7}},{"id":"ad9ea0fe-a40f-4334-87c3-593f696b0d1f","block_type":"box","text":"6","page_number":7,"box":{"x":938,"y":222,"width":6,"height":7}},{"id":"e1b9a8b1-c9d3-412c-a59d-89c812a923ab","block_type":"box","text":"STRUCTURED PRODUCTS","page_number":7,"box":{"x":85,"y":248,"width":155,"height":7}},{"id":"929ae0cb-a80f-4ec4-922a-be0794b1a7e6","block_type":"box","text":"FINANCIAL","page_number":7,"box":{"x":192,"y":261,"width":67,"height":7}},{"id":"7c3e0e61-e6fd-4367-99b7-db7c61dc7824","block_type":"box","text":"170,000","page_number":7,"box":{"x":125,"y":274,"width":48,"height":8}},{"id":"9e43cecf-e994-420d-9464-fe526160c8b8","block_type":"box","text":"BANK OF NOVA SCOTIA 4Y USD","page_number":7,"box":{"x":193,"y":274,"width":190,"height":7}},{"id":"0f9cc8b0-eca6-42a5-9443-60341c7f1034","block_type":"box","text":"AUTOCALLABLE NOTE LINKED TO","page_number":7,"box":{"x":388,"y":274,"width":201,"height":7}},{"id":"3e4dbe59-68d4-4df2-af93-91437bde4177","block_type":"box","text":"UKX AND SPX DUE FEBRUARY 2030","page_number":7,"box":{"x":193,"y":287,"width":213,"height":7}},{"id":"fa890c48-9150-4b7a-aeca-67ed716529ed","block_type":"box","text":"131,81","page_number":7,"box":{"x":673,"y":274,"width":40,"height":8}},{"id":"ac9951f4-4ed0-4aee-89ec-d8aa99f78c5b","block_type":"box","text":"8","page_number":7,"box":{"x":715,"y":274,"width":6,"height":7}},{"id":"92e1d812-01bf-40c5-b1aa-a5296f25d950","block_type":"box","text":"5.58","page_number":7,"box":{"x":807,"y":274,"width":26,"height":7}},{"id":"c8d321a8-c870-42a5-be6a-1ec76c710c6f","block_type":"box","text":"30,000","page_number":7,"box":{"x":132,"y":300,"width":41,"height":9}},{"id":"a894ae14-21db-4e67-b291-bab8a587d5c7","block_type":"box","text":"BARCLAYS BANK PLC PREFERENCE SHARE LINKED NOTES","page_number":7,"box":{"x":193,"y":300,"width":396,"height":7}},{"id":"30ad81dc-9d81-4aa2-bf91-5c1489a7dd1f","block_type":"box","text":"23/04/2032","page_number":7,"box":{"x":192,"y":313,"width":72,"height":9}},{"id":"d45a0656-9662-4b70-93c2-fdc54187d720","block_type":"box","text":"30,27","page_number":7,"box":{"x":680,"y":300,"width":33,"height":9}},{"id":"da506944-910e-4316-9ec6-200798c3b00f","block_type":"box","text":"2","page_number":7,"box":{"x":715,"y":300,"width":6,"height":7}},{"id":"3cdf9e84-10bc-4af3-9765-05d17288e9b0","block_type":"box","text":"1.28","page_number":7,"box":{"x":808,"y":300,"width":25,"height":7}},{"id":"9e39dbc0-52f7-4854-9275-16a7b0b9f2a9","block_type":"box","text":"140,000","page_number":7,"box":{"x":125,"y":326,"width":48,"height":9}},{"id":"58b7a011-f3ea-461a-a811-b3e8875c7a10","block_type":"box","text":"BARCLAYS GBP 6Y FTSE 100 PHOENIX ISSUER CALL 20/06/30","page_number":7,"box":{"x":193,"y":326,"width":367,"height":9}},{"id":"fa1f4a70-926b-4ab1-b231-ce19151dc302","block_type":"box","text":"75,936","page_number":7,"box":{"x":680,"y":326,"width":41,"height":9}},{"id":"eb880330-2038-4007-a851-2d8713ce5df8","block_type":"box","text":"3.22","page_number":7,"box":{"x":807,"y":326,"width":26,"height":7}},{"id":"beb5a08b-202f-4fad-9052-9f899fb6761a","block_type":"box","text":"110,000","page_number":7,"box":{"x":125,"y":339,"width":48,"height":9}},{"id":"522692bf-b22d-4d9a-b0bc-5442fa455a93","block_type":"box","text":"BBVA DIGITAL","page_number":7,"box":{"x":193,"y":339,"width":86,"height":7}},{"id":"0edca9e1-52f3-4d1a-a740-62891e6d0a8a","block_type":"box","text":"MEMORY REVERSE CONVERTIBLE ON INDEX DUE","page_number":7,"box":{"x":285,"y":339,"width":304,"height":7}},{"id":"c051188c-d025-4771-bab4-ad1d8342876d","block_type":"box","text":"2027","page_number":7,"box":{"x":192,"y":352,"width":29,"height":7}},{"id":"d84d0af9-a793-493f-a8ce-b408fd7a81af","block_type":"box","text":"80,9","page_number":7,"box":{"x":680,"y":339,"width":26,"height":9}},{"id":"2d02909a-2820-4719-9e33-87bf883aad3c","block_type":"box","text":"21","page_number":7,"box":{"x":707,"y":339,"width":14,"height":7}},{"id":"d44f4c00-4156-47d0-88bb-7136f4d5d300","block_type":"box","text":"3.43","page_number":7,"box":{"x":807,"y":339,"width":26,"height":7}},{"id":"7a31675b-24e0-41b0-afa7-415e13324b4c","block_type":"box","text":"106,000","page_number":7,"box":{"x":125,"y":366,"width":48,"height":8}},{"id":"3ecb2650-cfb4-4ed7-aacc-72a0bddb7fc3","block_type":"box","text":"BNP PARIBAS 5YR SYNERGY PREFERENCE SHARE LINKED","page_number":7,"box":{"x":193,"y":366,"width":396,"height":7}},{"id":"304c0a58-4eb6-4f7d-8789-8ce574c045c2","block_type":"box","text":"CERTIFICATE GBP QUANTO","page_number":7,"box":{"x":192,"y":379,"width":164,"height":8}},{"id":"f9dd4bc0-7f21-47fe-8451-304066ed86f5","block_type":"box","text":"112,381","page_number":7,"box":{"x":673,"y":366,"width":48,"height":8}},{"id":"fb29548f-6c54-428f-9f4d-1c2aacf5661c","block_type":"box","text":"4.76","page_number":7,"box":{"x":807,"y":366,"width":26,"height":7}},{"id":"f3b51d52-e079-421b-b475-91d59c0a24c5","block_type":"box","text":"112,500","page_number":7,"box":{"x":125,"y":391,"width":48,"height":9}},{"id":"f075117b-ebe3-4f14-844a-43cd45691cdd","block_type":"box","text":"BOA DEFENSIVE STEP DOWN KICK OUT EURO 2031","page_number":7,"box":{"x":193,"y":391,"width":309,"height":8}},{"id":"d88e85d4-1e2f-4e02-9f8e-521f77d369e1","block_type":"box","text":"116,134","page_number":7,"box":{"x":673,"y":391,"width":48,"height":9}},{"id":"9e8f8ebe-39a6-4c9d-b936-4d535937be66","block_type":"box","text":"4.92","page_number":7,"box":{"x":807,"y":391,"width":26,"height":8}},{"id":"77b6ac9b-3db8-457a-a832-c12e5ab88ddf","block_type":"box","text":"115,000","page_number":7,"box":{"x":125,"y":405,"width":48,"height":8}},{"id":"9997abe4-389a-4e2e-946d-181599468d5a","block_type":"box","text":"CITI 90","page_number":7,"box":{"x":192,"y":405,"width":41,"height":7}},{"id":"c9a0445d-832b-4b75-bc42-6f124fca182c","block_type":"box","text":"-","page_number":7,"box":{"x":234,"y":409,"width":4,"height":0}},{"id":"b75a67df-f4a2-48d1-87ae-da6e5c02dbdb","block_type":"box","text":"65 MEMORY","page_number":7,"box":{"x":239,"y":405,"width":76,"height":7}},{"id":"5e593a7c-2f51-4f61-a814-6d68d1ad47ac","block_type":"box","text":"INCOME AUTOCALL MAY 2026 GBP","page_number":7,"box":{"x":320,"y":405,"width":214,"height":7}},{"id":"683961b9-626e-49d1-8b1c-48e3c7d56a16","block_type":"box","text":"110,604","page_number":7,"box":{"x":673,"y":405,"width":48,"height":8}},{"id":"121f7637-b7b8-49f5-a4b1-afbef3089314","block_type":"box","text":"4.68","page_number":7,"box":{"x":807,"y":405,"width":26,"height":7}},{"id":"dbc04604-1293-4306-9913-3a141946d6d1","block_type":"box","text":"112,500","page_number":7,"box":{"x":125,"y":418,"width":48,"height":8}},{"id":"9c156b6e-7ac9-4568-b636-bcf6aac0c9bc","block_type":"box","text":"CREDIT AGRICOLE AUTOCALL","page_number":7,"box":{"x":192,"y":418,"width":197,"height":7}},{"id":"46397c20-a498-4d7b-ab12-d3c2b0ee2cbb","block_type":"box","text":"-","page_number":7,"box":{"x":404,"y":422,"width":3,"height":0}},{"id":"85406db4-0f44-46ad-a31f-383ca0d3a77b","block_type":"box","text":"LINKED TO BROADWALK","page_number":7,"box":{"x":422,"y":418,"width":168,"height":7}},{"id":"2b8e3bfb-3d45-4a38-bef8-89b3a175f521","block_type":"box","text":"INVESTMENTS PREF SHARE","page_number":7,"box":{"x":193,"y":431,"width":164,"height":7}},{"id":"0ab62ff9-fe61-42f4-9a07-1114fe1dd15e","block_type":"box","text":"113,299","page_number":7,"box":{"x":673,"y":418,"width":48,"height":8}},{"id":"b31c74cf-3aef-48f3-bec6-6ae77507dd2d","block_type":"box","text":"4.80","page_number":7,"box":{"x":807,"y":418,"width":26,"height":7}},{"id":"f11c7e7e-3d52-4ae9-bc2f-733be567c4a3","block_type":"box","text":"115,000","page_number":7,"box":{"x":125,"y":444,"width":48,"height":8}},{"id":"e209a353-7deb-42ea-b333-956876da9ed9","block_type":"box","text":"CSI FINANCIAL PRODUCTS AUTOCALL LINKED HSI & NIKKEI MAY","page_number":7,"box":{"x":192,"y":444,"width":397,"height":7}},{"id":"293bc746-ef73-47e5-aaf3-07824e8e26cd","block_type":"box","text":"2031","page_number":7,"box":{"x":192,"y":457,"width":29,"height":7}},{"id":"23861a43-e716-486c-8158-b5e36e2110ec","block_type":"box","text":"115,656","page_number":7,"box":{"x":673,"y":444,"width":48,"height":8}},{"id":"78316c20-61e0-4798-b764-3c59c6b6f6a2","block_type":"box","text":"4.90","page_number":7,"box":{"x":807,"y":444,"width":26,"height":7}},{"id":"65a729cb-bc77-4577-90e4-527517de3ef0","block_type":"box","text":"100,000","page_number":7,"box":{"x":125,"y":470,"width":48,"height":8}},{"id":"49e168e6-92ee-4141-abc9-8f3bbd89bebe","block_type":"box","text":"GS 5 YEAR GBP","page_number":7,"box":{"x":192,"y":470,"width":104,"height":7}},{"id":"918921f6-89c9-4b6e-bd8f-60e7d4a37c85","block_type":"box","text":"CAPITAL PROTECTED NOTE ON GS I","page_number":7,"box":{"x":305,"y":470,"width":236,"height":7}},{"id":"2bc8f1a6-4257-4bf3-aeee-be77814cffb7","block_type":"box","text":"-","page_number":7,"box":{"x":543,"y":474,"width":3,"height":1}},{"id":"198fdccf-3221-4fdd-83a6-0079dd90ce4a","block_type":"box","text":"SELECT","page_number":7,"box":{"x":548,"y":470,"width":42,"height":7}},{"id":"5e74f3d8-7a35-4883-bded-a56b042c399c","block_type":"box","text":"MANGD PORTFOLIO VOLTA STRATEGY","page_number":7,"box":{"x":193,"y":483,"width":233,"height":7}},{"id":"152c591f-a6c5-4edf-a19a-80fd86ff1482","block_type":"box","text":"100,910","page_number":7,"box":{"x":673,"y":470,"width":48,"height":8}},{"id":"0eac658e-d5a7-4cb9-8c8f-c72d523fb1b5","block_type":"box","text":"4.27","page_number":7,"box":{"x":807,"y":470,"width":26,"height":7}},{"id":"17b70903-c57a-4eac-bbe3-c9b596d7dfcd","block_type":"box","text":"100,000","page_number":7,"box":{"x":125,"y":496,"width":48,"height":9}},{"id":"f248fd7e-eef9-4c25-be06-8f1f9285dfba","block_type":"box","text":"JP MORGAN STRUCTURED PRO 6 YEAR AUTOCALLABLE NOTES","page_number":7,"box":{"x":191,"y":496,"width":398,"height":7}},{"id":"60b11936-653d-4579-a420-43459f9db885","block_type":"box","text":"LINKED TO EUROSTOXX 50","page_number":7,"box":{"x":193,"y":509,"width":161,"height":7}},{"id":"0b6f4785-4d22-4140-a47f-24d0ab8c6f0e","block_type":"box","text":"111,910","page_number":7,"box":{"x":673,"y":496,"width":48,"height":9}},{"id":"9b2f608e-f0c6-486c-8848-4ff07ca232a9","block_type":"box","text":"4.74","page_number":7,"box":{"x":807,"y":496,"width":26,"height":7}},{"id":"d1e53cf1-d090-4b3e-ba11-e2df1183ea29","block_type":"box","text":"88,000","page_number":7,"box":{"x":132,"y":522,"width":41,"height":9}},{"id":"ceb4f8a2-82a1-4001-b3b3-3a2e5f53506b","block_type":"box","text":"MAREX 60 MONTHS GBP WORST OF CLASSIC AUTOCALL NOTES","page_number":7,"box":{"x":193,"y":522,"width":386,"height":7}},{"id":"84de1916-565e-4c18-985f-9b6c810ae9b9","block_type":"box","text":"89,558","page_number":7,"box":{"x":680,"y":522,"width":41,"height":9}},{"id":"dfacb923-c74b-4504-8547-2f38dd729e3c","block_type":"box","text":"3.79","page_number":7,"box":{"x":807,"y":522,"width":26,"height":7}},{"id":"917e5016-41e6-42ec-adc8-fad54e989780","block_type":"box","text":"90,000","page_number":7,"box":{"x":132,"y":535,"width":41,"height":9}},{"id":"2ba51f5e-03b0-47e0-ac88-2f651bb4a198","block_type":"box","text":"MERRILL LYNCH BV LOWES PLATINUM BANK OF AMERICA 29 JULY","page_number":7,"box":{"x":193,"y":535,"width":396,"height":7}},{"id":"87844aa9-a7c5-40f3-96f7-e8bc712380a3","block_type":"box","text":"2025","page_number":7,"box":{"x":192,"y":548,"width":29,"height":7}},{"id":"16192043-280e-4557-b9b6-24aa3f108165","block_type":"box","text":"9","page_number":7,"box":{"x":680,"y":535,"width":6,"height":7}},{"id":"552f7bc8-886f-4cc6-9d8d-476efd0a61b4","block_type":"box","text":"7","page_number":7,"box":{"x":688,"y":535,"width":6,"height":7}},{"id":"6d49bf35-d022-46b9-9f07-2bb6a2753129","block_type":"box","text":",371","page_number":7,"box":{"x":695,"y":535,"width":26,"height":9}},{"id":"5388b18c-eb68-4868-a912-b4508089e466","block_type":"box","text":"4.12","page_number":7,"box":{"x":807,"y":535,"width":26,"height":7}},{"id":"1c9e1d51-6e11-49b3-b0e4-58570480c6b4","block_type":"box","text":"97,400","page_number":7,"box":{"x":132,"y":561,"width":41,"height":9}},{"id":"80ea74d4-5636-4311-b671-a1fbad0779fe","block_type":"box","text":"MORGAN STANLEY & CO INTL FTSE CUSTOM 100 SYNTHETIC 3.5","page_number":7,"box":{"x":193,"y":561,"width":396,"height":7}},{"id":"eec297b0-ce81-4783-9dd2-5672d25b0ca5","block_type":"box","text":"FIXED DIVIDEND INDEX AUTOCALL NOTES","page_number":7,"box":{"x":193,"y":574,"width":253,"height":7}},{"id":"7f1dedec-1d61-46c2-932d-f6e2dc0d758d","block_type":"box","text":"112,974","page_number":7,"box":{"x":673,"y":561,"width":48,"height":9}},{"id":"2b832783-ae58-4b94-a645-4923177f738f","block_type":"box","text":"4.78","page_number":7,"box":{"x":807,"y":561,"width":26,"height":7}},{"id":"e2b8f5ea-8ec5-451a-ad31-ef43a665b9a1","block_type":"box","text":"111,000","page_number":7,"box":{"x":125,"y":587,"width":48,"height":9}},{"id":"d886dab8-9b26-4368-b609-0b720726813d","block_type":"box","text":"NATIXIS 3Y SX5E SPX NKY TRIPLE INDEX FIXED INC JULY 2024","page_number":7,"box":{"x":193,"y":587,"width":368,"height":7}},{"id":"8abcad30-ebe8-4357-b4cb-8a2002dc47c8","block_type":"box","text":"111,833","page_number":7,"box":{"x":673,"y":587,"width":48,"height":9}},{"id":"0837d339-34be-4ebf-8d6a-d59645f2172f","block_type":"box","text":"4.74","page_number":7,"box":{"x":807,"y":587,"width":26,"height":7}},{"id":"2858753d-3197-4a8f-91e8-a566ae73182d","block_type":"box","text":"160,000","page_number":7,"box":{"x":125,"y":600,"width":48,"height":9}},{"id":"31b233d4-58a0-48ab-83a2-2eee40c197a3","block_type":"box","text":"RAIFFEISEN EXPRESS CERTIFICATE ON FTSE MIB INDEX, NIKKEI","page_number":7,"box":{"x":193,"y":600,"width":395,"height":9}},{"id":"4b4f7a96-4d21-4423-9de7-115ed65e31ae","block_type":"box","text":"225, RUSSELL 2000, S&P 500","page_number":7,"box":{"x":192,"y":613,"width":174,"height":9}},{"id":"7b824895-c26c-4fe2-988d-88995b511823","block_type":"box","text":"116,209","page_number":7,"box":{"x":673,"y":600,"width":48,"height":9}},{"id":"c6ce3eb4-817c-4ea7-9a5b-f7f322ad3dd6","block_type":"box","text":"4.92","page_number":7,"box":{"x":807,"y":600,"width":26,"height":8}},{"id":"f01aa312-6004-413c-a8de-7046bc7d3cca","block_type":"box","text":"140,000","page_number":7,"box":{"x":125,"y":626,"width":48,"height":9}},{"id":"f1c2e714-1465-494b-b9e3-cb1e8a115b97","block_type":"box","text":"SANTANDER QUAD INDEX LOW HURDLE AUTOCALL 6Y USD","page_number":7,"box":{"x":192,"y":626,"width":397,"height":8}},{"id":"336b679c-d2fc-4f58-a41b-52669bcf3642","block_type":"box","text":"AUGUST 2025","page_number":7,"box":{"x":192,"y":640,"width":85,"height":7}},{"id":"bb7bb3ea-4493-4d89-be21-9a99d6cee9b0","block_type":"box","text":"112,732","page_number":7,"box":{"x":673,"y":626,"width":48,"height":9}},{"id":"365910ff-53c7-4740-b667-c81e96776912","block_type":"box","text":"4.77","page_number":7,"box":{"x":807,"y":626,"width":26,"height":7}},{"id":"703e30d2-0fc2-4729-8f4f-4f0e63e686b0","block_type":"box","text":"150,000","page_number":7,"box":{"x":125,"y":653,"width":48,"height":8}},{"id":"f0b77a97-25a1-4ce4-ab75-6b21a445e104","block_type":"box","text":"SOC GEN US TECH EARLY LOW HURDLE","page_number":7,"box":{"x":192,"y":653,"width":238,"height":7}},{"id":"2ea62aa4-b050-4e83-b97f-702e6285f5b5","block_type":"box","text":"AUTOCALL 14/11/2029","page_number":7,"box":{"x":435,"y":652,"width":141,"height":9}},{"id":"3bc9b51f-d3bc-4a61-ad2f-2ded7efa6cf7","block_type":"box","text":"77,190","page_number":7,"box":{"x":680,"y":653,"width":41,"height":8}},{"id":"2c854297-ccfc-4239-a163-4160dad10e4c","block_type":"box","text":"3.27","page_number":7,"box":{"x":807,"y":653,"width":26,"height":7}},{"id":"ee953716-6ead-4d8a-93ef-5d5e93c32a01","block_type":"box","text":"210,000","page_number":7,"box":{"x":125,"y":666,"width":48,"height":8}},{"id":"5f68396c-e80c-4ed8-a75a-3c3d148927d1","block_type":"box","text":"STANDARD CHARTERED AUTOCALL LINKED EUROSTOXX, FTSE &","page_number":7,"box":{"x":192,"y":666,"width":397,"height":8}},{"id":"f964c92f-6ebc-4599-8930-f82f898d813d","block_type":"box","text":"S&P JUNE 2031","page_number":7,"box":{"x":192,"y":679,"width":93,"height":7}},{"id":"6aa92a94-76af-4d4e-ad42-4255ddfec2b4","block_type":"box","text":"210,","page_number":7,"box":{"x":673,"y":666,"width":24,"height":8}},{"id":"d664576e-526a-4ac1-a912-537ed1059340","block_type":"box","text":"2","page_number":7,"box":{"x":700,"y":666,"width":6,"height":7}},{"id":"4be69fd3-990f-4162-a85c-c34dffcd7811","block_type":"box","text":"52","page_number":7,"box":{"x":707,"y":666,"width":14,"height":7}},{"id":"9bcde98e-5538-4a47-942c-ea750278f50f","block_type":"box","text":"8.90","page_number":7,"box":{"x":807,"y":666,"width":26,"height":7}},{"id":"cfebead2-021b-4c8c-aa25-11cb9a5ce72e","block_type":"box","text":"140,000","page_number":7,"box":{"x":125,"y":692,"width":48,"height":8}},{"id":"588bb930-f7d0-401d-b609-2d5109fb44ac","block_type":"box","text":"UBS ISSUE OF USD 500,000 NOTES LINKED TO THE S&P 500","page_number":7,"box":{"x":193,"y":692,"width":396,"height":8}},{"id":"e5373162-8670-4c6e-9cf3-850251a77dbd","block_type":"box","text":"EQUALLY WEIGHTED INDEX","page_number":7,"box":{"x":193,"y":705,"width":167,"height":8}},{"id":"c2473bbf-432c-4467-8b52-3df7dedcfa24","block_type":"box","text":"122,034","page_number":7,"box":{"x":673,"y":692,"width":48,"height":8}},{"id":"821ecd49-4c07-4dbf-9982-8e7467f8e905","block_type":"box","text":"5.1","page_number":7,"box":{"x":807,"y":692,"width":18,"height":7}},{"id":"2a6b2648-130f-49be-b33f-0ddd71acbf74","block_type":"box","text":"8","page_number":7,"box":{"x":826,"y":692,"width":7,"height":7}},{"id":"d98e3b4d-90bd-4b83-b2fb-82f2489bf7ef","block_type":"box","text":"32,000","page_number":7,"box":{"x":132,"y":718,"width":41,"height":8}},{"id":"69a2818a-ffc6-4943-ab71-704ff074023b","block_type":"box","text":"UNICREDIT BANK GMBH 6","page_number":7,"box":{"x":193,"y":718,"width":161,"height":7}},{"id":"6d24895e-191f-42d0-919e-844910a12efd","block_type":"box","text":"YEARS USD PHOENIX AUTOCALLABLE","page_number":7,"box":{"x":360,"y":718,"width":229,"height":7}},{"id":"401297d4-91be-4f16-9e8b-c81449cce3ea","block_type":"box","text":"NOTE ON A WORST","page_number":7,"box":{"x":193,"y":731,"width":118,"height":7}},{"id":"62325e8f-a399-4d91-9c74-944484e82dcc","block_type":"box","text":"-","page_number":7,"box":{"x":311,"y":735,"width":4,"height":1}},{"id":"facbe081-741f-45cc-8190-ee5f7ed4b415","block_type":"box","text":"OF INDEX BASKET","page_number":7,"box":{"x":316,"y":731,"width":108,"height":7}},{"id":"ff796d90-8fe9-4118-b7f8-ab6c26c13928","block_type":"box","text":"23,182","page_number":7,"box":{"x":680,"y":718,"width":41,"height":8}},{"id":"5a7ad333-ebeb-4a83-9004-f71115b150e5","block_type":"box","text":"0.98","page_number":7,"box":{"x":807,"y":718,"width":26,"height":7}},{"id":"91dfec86-6940-480b-aa1f-b310a396534e","block_type":"box","text":"95,000","page_number":7,"box":{"x":132,"y":744,"width":41,"height":8}},{"id":"72fd49ac-7156-4b82-afe7-72ecf5b6a430","block_type":"box","text":"UNICREDIT DEVELOPED INDICES CLASSIC AUTOCALL DEC 2025","page_number":7,"box":{"x":193,"y":744,"width":396,"height":7}},{"id":"cfc3072f-d733-49c3-9ab0-5eaaa5b1cdc4","block_type":"box","text":"GBP SPX SX5E NKY UKX","page_number":7,"box":{"x":192,"y":757,"width":141,"height":7}},{"id":"087d4312-be0b-43ec-89a4-3fcf6623208b","block_type":"box","text":"96,5","page_number":7,"box":{"x":680,"y":744,"width":26,"height":8}},{"id":"51416acf-b38d-4523-9f84-3a1ed280617e","block_type":"box","text":"40","page_number":7,"box":{"x":707,"y":744,"width":14,"height":7}},{"id":"cbc29391-1d1a-4d1f-9073-943911592abb","block_type":"box","text":"4.09","page_number":7,"box":{"x":807,"y":744,"width":26,"height":7}},{"id":"73ffb5a9-cb24-4117-a31a-8053066c2bae","block_type":"box","text":"TOTAL FINANCIAL","page_number":7,"box":{"x":192,"y":770,"width":111,"height":7}},{"id":"5bfa8481-640a-4471-804a-cd5a7ea83037","block_type":"box","text":"2,269,71","page_number":7,"box":{"x":661,"y":770,"width":52,"height":9}},{"id":"ee7a696a-48fc-4474-a0d2-43a6abb2d7f4","block_type":"box","text":"6","page_number":7,"box":{"x":715,"y":770,"width":6,"height":7}},{"id":"112555d5-6e40-4800-a3d2-1937f69a7e96","block_type":"box","text":"96.12","page_number":7,"box":{"x":799,"y":770,"width":33,"height":7}},{"id":"2dcd53b5-6110-4125-a44e-aa0200386547","block_type":"box","text":"81","page_number":7,"box":{"x":910,"y":770,"width":15,"height":7}},{"id":"ab6cba70-f2da-4601-ad85-aee3e45badd9","block_type":"box","text":".","page_number":7,"box":{"x":926,"y":775,"width":2,"height":2}},{"id":"7100391e-6cbf-4be0-9cd1-c5f188a3e7f8","block_type":"box","text":"87","page_number":7,"box":{"x":930,"y":770,"width":14,"height":7}},{"id":"58504b6b-f293-46bb-a4a1-b5845d9666ed","block_type":"box","text":"PORTFOLIO OF","page_number":7,"box":{"x":192,"y":796,"width":92,"height":7}},{"id":"765aebc1-828b-4ab8-8769-13822efb5371","block_type":"box","text":"INVESTMENTS","page_number":7,"box":{"x":289,"y":796,"width":89,"height":7}},{"id":"acd66e20-5c09-4298-82f9-e13607746371","block_type":"box","text":"2,345,83","page_number":7,"box":{"x":661,"y":796,"width":52,"height":9}},{"id":"688a7971-f717-4a02-871e-ffe100d6423b","block_type":"box","text":"9","page_number":7,"box":{"x":715,"y":796,"width":6,"height":7}},{"id":"aa2fbd28-9af0-4049-a2d2-c8f40d87c0f8","block_type":"box","text":"99.34","page_number":7,"box":{"x":799,"y":796,"width":34,"height":7}},{"id":"484771c1-0ffe-4de5-8f4d-f27f4b86fdd8","block_type":"box","text":"92.80","page_number":7,"box":{"x":911,"y":796,"width":33,"height":7}},{"id":"1eb4da90-0316-49fe-a284-a68eba8185c6","block_type":"box","text":"NET CURRENT ASSETS","page_number":7,"box":{"x":192,"y":809,"width":136,"height":7}},{"id":"adff2572-88fc-4d77-bb5e-89de9faa6b9a","block_type":"box","text":"15,5","page_number":7,"box":{"x":680,"y":809,"width":25,"height":9}},{"id":"05adabec-a82b-4743-8308-ea1ee98f8ff9","block_type":"box","text":"76","page_number":7,"box":{"x":707,"y":809,"width":14,"height":7}},{"id":"e0f0184a-9447-4d2a-9897-567ed15ef02b","block_type":"box","text":"0.66","page_number":7,"box":{"x":806,"y":809,"width":27,"height":7}},{"id":"51256ce8-fefa-405f-a36f-cbb7e14d6c40","block_type":"box","text":"7.20","page_number":7,"box":{"x":918,"y":809,"width":26,"height":7}},{"id":"df83fd58-c9d8-4014-959b-d2dacce4ac2e","block_type":"box","text":"TOTAL NET ASSETS","page_number":7,"box":{"x":192,"y":823,"width":117,"height":7}},{"id":"e2313880-3012-47e8-bfc6-37adeb278179","block_type":"box","text":"2,361,41","page_number":7,"box":{"x":661,"y":823,"width":52,"height":8}},{"id":"58ab3713-4965-4b08-8baa-4c53a0255689","block_type":"box","text":"5","page_number":7,"box":{"x":715,"y":823,"width":6,"height":7}},{"id":"d4360db2-77fa-4612-abeb-2ac5c24de171","block_type":"box","text":"100.00","page_number":7,"box":{"x":792,"y":823,"width":41,"height":7}},{"id":"213ba01c-7582-46f7-b2fd-cd7ea53aa17a","block_type":"box","text":"100.00","page_number":7,"box":{"x":903,"y":823,"width":41,"height":7}},{"id":"6a24f8a0-e3bb-4722-bc13-5e11b320b0ec","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":7,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"911526af-07b0-4e57-a284-3dbd477eaa52","block_type":"box","text":"MGTS IDAD Fund","page_number":8,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"f6301f98-f731-4af0-a722-1eb6d0d5bcc0","block_type":"box","text":"-","page_number":8,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"4f36015d-94a6-4e41-90b4-e307d1348368","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":8,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"63bdfbbc-60ca-4f98-98a3-46e786dd8c04","block_type":"box","text":"-","page_number":8,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"cd4e005c-0549-4fe2-9c2b-dcf15877a145","block_type":"box","text":"fo","page_number":8,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"37ea0c4b-55ed-4481-b663-d90bab8d7b7c","block_type":"box","text":"for the","page_number":8,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"5a360591-8c49-4332-be91-2c6d4cfe244a","block_type":"box","text":"period","page_number":8,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"3f6c2396-a9fc-42ba-8a7d-5fc3e1be10f9","block_type":"box","text":"ended","page_number":8,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"c0cc25a0-07c5-4827-aa47-e00cf02c9111","block_type":"box","text":"30 June 2026","page_number":8,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"8b1c077d-76ad-46e9-ba79-70d6c8cd4699","block_type":"box","text":"5","page_number":8,"box":{"x":66,"y":973,"width":8,"height":7}},{"id":"000088ef-9963-4ee9-81de-56f0d28394b3","block_type":"box","text":"Margetts Fund Management Limited","page_number":8,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"23f2f269-c6e9-40ab-9da4-026931e7469d","block_type":"box","text":"Financial Statements","page_number":8,"box":{"x":68,"y":68,"width":230,"height":14}},{"id":"c689e75a-375f-4bcb-a769-29d564d7183d","block_type":"box","text":"Statement of Total Return","page_number":8,"box":{"x":67,"y":106,"width":290,"height":13}},{"id":"356e4b95-b600-43e5-a919-7b23c33f7833","block_type":"box","text":"For the period ended 30 June 2026","page_number":8,"box":{"x":85,"y":128,"width":234,"height":10}},{"id":"7656fc37-97b1-444f-a496-8d601312f999","block_type":"box","text":"01.01.2026","page_number":8,"box":{"x":556,"y":143,"width":76,"height":7}},{"id":"bcababef-f565-4856-aa40-14d762136a92","block_type":"box","text":"to","page_number":8,"box":{"x":636,"y":143,"width":15,"height":7}},{"id":"11f7d821-8288-4771-a703-9c76d47530a2","block_type":"box","text":"01.01.2025","page_number":8,"box":{"x":852,"y":143,"width":75,"height":7}},{"id":"9ff66945-fb5a-40ff-8930-61da34e4ea5e","block_type":"box","text":"to","page_number":8,"box":{"x":932,"y":143,"width":14,"height":7}},{"id":"039b4814-151e-4588-b189-5e520aead6fe","block_type":"box","text":"30.06.2026","page_number":8,"box":{"x":575,"y":157,"width":75,"height":8}},{"id":"2f6b5321-6101-4857-80d3-6386ff44feb2","block_type":"box","text":"30.06.2025","page_number":8,"box":{"x":870,"y":157,"width":76,"height":8}},{"id":"968bf6b6-a18c-42f6-84c4-9c5f9b856725","block_type":"box","text":"Income","page_number":8,"box":{"x":85,"y":172,"width":51,"height":7}},{"id":"a247936d-eb1f-47d8-a694-370255da848c","block_type":"box","text":"£","page_number":8,"box":{"x":495,"y":171,"width":8,"height":8}},{"id":"85a47327-2508-48e3-86ee-0ef48c718840","block_type":"box","text":"£","page_number":8,"box":{"x":643,"y":171,"width":8,"height":8}},{"id":"36a21611-79b9-4efe-8b4a-b9700b404a13","block_type":"box","text":"£","page_number":8,"box":{"x":791,"y":171,"width":12,"height":8}},{"id":"1a6eecb2-db8d-4658-b8c8-f38374ebfb0d","block_type":"box","text":"£","page_number":8,"box":{"x":939,"y":171,"width":12,"height":8}},{"id":"a7791a89-5b8f-4621-a356-d673841934b6","block_type":"box","text":"Net capital","page_number":8,"box":{"x":97,"y":186,"width":76,"height":10}},{"id":"b7f1f08e-0595-4111-8677-34b0139d21f1","block_type":"box","text":"(losses)","page_number":8,"box":{"x":175,"y":185,"width":48,"height":11}},{"id":"febd4d8b-02d9-4888-b9f7-4c93b41fdd59","block_type":"box","text":"/","page_number":8,"box":{"x":224,"y":185,"width":7,"height":10}},{"id":"d8b324c0-8f6b-48d3-9302-0b109a9c9120","block_type":"box","text":"gains","page_number":8,"box":{"x":231,"y":186,"width":35,"height":10}},{"id":"be0be951-9a90-4d2e-be1f-e7babeb61838","block_type":"box","text":"(26,10","page_number":8,"box":{"x":595,"y":185,"width":42,"height":11}},{"id":"2a2e0ce8-d0bb-4776-8347-d38a185e2a88","block_type":"box","text":"5","page_number":8,"box":{"x":639,"y":186,"width":6,"height":8}},{"id":"9d1b8b6a-2a50-4b46-bfd4-4471659866d5","block_type":"box","text":")","page_number":8,"box":{"x":647,"y":185,"width":3,"height":11}},{"id":"90974ae9-5a45-4dbb-ba96-d505bc385925","block_type":"box","text":"42,842","page_number":8,"box":{"x":900,"y":186,"width":51,"height":9}},{"id":"615d48a9-19a5-45f4-8111-1b4c0eb3855e","block_type":"box","text":"Revenue","page_number":8,"box":{"x":97,"y":201,"width":58,"height":7}},{"id":"8c6d9802-ed1b-42ad-8de5-45b9be61fcf4","block_type":"box","text":"74,575","page_number":8,"box":{"x":457,"y":201,"width":50,"height":9}},{"id":"30ad80f4-b17b-4f07-b877-aa856032a705","block_type":"box","text":"99,270","page_number":8,"box":{"x":753,"y":201,"width":50,"height":9}},{"id":"3d7c3eac-b51f-4a13-ad2c-c64e5704c4ff","block_type":"box","text":"Expenses","page_number":8,"box":{"x":86,"y":215,"width":61,"height":10}},{"id":"e4e6af45-aaca-4c60-84c9-f1e5ba1e0576","block_type":"box","text":"(12,233)","page_number":8,"box":{"x":447,"y":214,"width":55,"height":11}},{"id":"48c4a84d-8a3f-4f4c-a454-46659c1be677","block_type":"box","text":"(12,788)","page_number":8,"box":{"x":743,"y":214,"width":55,"height":11}},{"id":"f847d76e-44bd-49da-ab12-596813a91f31","block_type":"box","text":"Finance costs: Interest","page_number":8,"box":{"x":86,"y":230,"width":151,"height":7}},{"id":"34df8d50-984d-4113-b0ba-c32219cf7646","block_type":"box","text":"(751)","page_number":8,"box":{"x":468,"y":229,"width":34,"height":10}},{"id":"bbec0f85-a872-4d5b-8186-fee003035cd8","block_type":"box","text":"-","page_number":8,"box":{"x":794,"y":234,"width":4,"height":1}},{"id":"5e02b855-bcbc-469f-9569-252080522b82","block_type":"box","text":"Net revenue before taxation","page_number":8,"box":{"x":86,"y":244,"width":191,"height":9}},{"id":"89f84a5e-5551-4aed-bf72-acc4eec1a277","block_type":"box","text":"61,591","page_number":8,"box":{"x":457,"y":245,"width":50,"height":9}},{"id":"86a56a3d-7271-41eb-8eeb-5aabd861ceb7","block_type":"box","text":"86,482","page_number":8,"box":{"x":753,"y":245,"width":50,"height":9}},{"id":"8e8774fc-0b3d-40ce-ad24-baa570470613","block_type":"box","text":"Taxation","page_number":8,"box":{"x":84,"y":259,"width":58,"height":8}},{"id":"b55a6c68-4081-4833-9f01-ac7540910703","block_type":"box","text":"(12,880)","page_number":8,"box":{"x":447,"y":259,"width":55,"height":10}},{"id":"d661fc76-7ef2-4022-a613-216f1b1c5c17","block_type":"box","text":"(12,771)","page_number":8,"box":{"x":743,"y":259,"width":55,"height":10}},{"id":"688a4073-e8dc-4a44-88e3-5136f9972f88","block_type":"box","text":"Net revenue after taxation","page_number":8,"box":{"x":86,"y":274,"width":179,"height":8}},{"id":"cacd0598-e546-4d3d-9d29-99f2a0400987","block_type":"box","text":"48,711","page_number":8,"box":{"x":605,"y":274,"width":50,"height":10}},{"id":"a5aa7771-7d1e-4c42-b63f-37bef5b5b3ed","block_type":"box","text":"73,711","page_number":8,"box":{"x":901,"y":274,"width":50,"height":10}},{"id":"085af587-2b0b-4477-b889-f1c5bcf010e1","block_type":"box","text":"Total return before distributions","page_number":8,"box":{"x":84,"y":289,"width":225,"height":8}},{"id":"2ce06b9d-28ad-4647-b835-ed581231aeb5","block_type":"box","text":"22,60","page_number":8,"box":{"x":605,"y":289,"width":37,"height":10}},{"id":"56e71cbf-f82f-4fc0-ac37-9ff25509e3c2","block_type":"box","text":"6","page_number":8,"box":{"x":643,"y":289,"width":8,"height":8}},{"id":"807b67bd-1180-49c1-b17e-ea2857c2eaed","block_type":"box","text":"116,553","page_number":8,"box":{"x":893,"y":289,"width":57,"height":10}},{"id":"d21b27e7-1ad1-4f90-9bb2-899b7d481b70","block_type":"box","text":"Finance costs: Distribution","page_number":8,"box":{"x":86,"y":303,"width":178,"height":9}},{"id":"c7094af0-312f-4faf-a8a6-a141b2d6f619","block_type":"box","text":"(49,270)","page_number":8,"box":{"x":595,"y":303,"width":55,"height":10}},{"id":"1a8e9fad-6ef6-4200-8846-72afcdaa9c25","block_type":"box","text":"(69,321)","page_number":8,"box":{"x":891,"y":303,"width":55,"height":10}},{"id":"31ec2596-4192-4a7b-a3e5-c0dca1f5b0df","block_type":"box","text":"Change in net assets attributable to shareholders","page_number":8,"box":{"x":85,"y":318,"width":346,"height":11}},{"id":"033ee04e-5321-47e2-921d-874d01f4d93c","block_type":"box","text":"from investment activities","page_number":8,"box":{"x":84,"y":333,"width":183,"height":8}},{"id":"a7b63051-c203-4fba-82ac-ad8504d9dad2","block_type":"box","text":"(26,66","page_number":8,"box":{"x":595,"y":326,"width":42,"height":10}},{"id":"27dde8d6-4dc6-4535-b18f-c6e2b751101b","block_type":"box","text":"4","page_number":8,"box":{"x":638,"y":326,"width":8,"height":8}},{"id":"0a84d497-6a64-44d5-bd64-9112849e186e","block_type":"box","text":")","page_number":8,"box":{"x":647,"y":326,"width":3,"height":10}},{"id":"fd99a62c-edb2-4ed9-afc0-3c7c92f78bb8","block_type":"box","text":"47,232","page_number":8,"box":{"x":900,"y":326,"width":51,"height":10}},{"id":"736debea-576b-4f6a-8666-4a913bfbb82f","block_type":"box","text":"Statement of Change in Net Asset Attributable to Shareholders","page_number":8,"box":{"x":67,"y":367,"width":700,"height":16}},{"id":"785d235c-c855-4dc7-9f43-b89950950386","block_type":"box","text":"For the period ended 30 June 2026","page_number":8,"box":{"x":85,"y":388,"width":234,"height":10}},{"id":"d7c1bb22-5eed-4285-bb4b-bb1319c77b19","block_type":"box","text":"01.01.2026","page_number":8,"box":{"x":556,"y":403,"width":76,"height":8}},{"id":"34935ef2-3361-4a26-b68c-fbca27784bf2","block_type":"box","text":"to","page_number":8,"box":{"x":636,"y":404,"width":15,"height":7}},{"id":"aa477d1a-500c-4443-8b3c-2e3bbc7a8937","block_type":"box","text":"01.01.2025","page_number":8,"box":{"x":852,"y":403,"width":75,"height":8}},{"id":"4e818f14-b9f1-4ed7-86b9-044320a3fd56","block_type":"box","text":"to","page_number":8,"box":{"x":932,"y":404,"width":14,"height":7}},{"id":"5d7ece25-df93-4302-b517-7a856dfe7b38","block_type":"box","text":"30.06.2026","page_number":8,"box":{"x":575,"y":417,"width":75,"height":8}},{"id":"ce8425ab-d212-455c-90c5-45aa4cc5cb1a","block_type":"box","text":"30.06.2025","page_number":8,"box":{"x":870,"y":417,"width":76,"height":8}},{"id":"44bc3ba3-101c-41e8-b946-f9a87535756a","block_type":"box","text":"£","page_number":8,"box":{"x":495,"y":432,"width":8,"height":7}},{"id":"ede026a8-d9d4-4619-86b2-d659fe6a67bb","block_type":"box","text":"£","page_number":8,"box":{"x":643,"y":432,"width":8,"height":7}},{"id":"3cc6eeb8-94f5-4d68-988b-1c3b3ede2db6","block_type":"box","text":"£","page_number":8,"box":{"x":791,"y":432,"width":12,"height":7}},{"id":"ef563e9a-f9e2-43e0-9740-9103f52b6f40","block_type":"box","text":"£","page_number":8,"box":{"x":939,"y":432,"width":12,"height":7}},{"id":"658e6496-4c78-4eeb-b58b-10fbfd7f0067","block_type":"box","text":"Opening net assets","page_number":8,"box":{"x":85,"y":446,"width":135,"height":10}},{"id":"3846df1c-b9bc-4e1c-bc6b-f4acc13914f1","block_type":"box","text":"attributable to shareholders","page_number":8,"box":{"x":85,"y":460,"width":196,"height":9}},{"id":"e4c5ffa3-4194-486b-a1a7-6e71a3842803","block_type":"box","text":"2,711,664","page_number":8,"box":{"x":584,"y":454,"width":71,"height":9}},{"id":"aaf690c1-8c8b-4ed9-950a-791e2fd25ae9","block_type":"box","text":"2,636,012","page_number":8,"box":{"x":879,"y":454,"width":71,"height":9}},{"id":"c9c343b9-0057-4d30-b8fc-ab87b8866694","block_type":"box","text":"Amounts receivable on issue of shares","page_number":8,"box":{"x":84,"y":475,"width":261,"height":8}},{"id":"4b61e7c6-3a6b-488b-94d3-b212dd26c64e","block_type":"box","text":"141,192","page_number":8,"box":{"x":449,"y":475,"width":58,"height":10}},{"id":"4944ec65-e6be-4f22-adc6-f277aef20eb0","block_type":"box","text":"180,468","page_number":8,"box":{"x":745,"y":475,"width":58,"height":10}},{"id":"c9e32c7e-8f84-4300-a3a0-b230498a6187","block_type":"box","text":"Amounts payable on cancellation of","page_number":8,"box":{"x":84,"y":489,"width":249,"height":11}},{"id":"2828240f-4a8a-4165-b3e1-eb21cc8de04b","block_type":"box","text":"shares","page_number":8,"box":{"x":85,"y":504,"width":43,"height":8}},{"id":"e4ec2b96-4c53-447c-8f21-6164512cd186","block_type":"box","text":"(511,778)","page_number":8,"box":{"x":439,"y":496,"width":63,"height":11}},{"id":"c9192537-d022-4759-8d45-df0e7c5ddee0","block_type":"box","text":"(212,497)","page_number":8,"box":{"x":734,"y":496,"width":64,"height":11}},{"id":"5d4e9f64-4478-4269-8b57-3bd412aa81ba","block_type":"box","text":"Dilution adjustment","page_number":8,"box":{"x":86,"y":519,"width":134,"height":10}},{"id":"25d38ddc-0ad7-41c3-9dd0-6bc4875d4552","block_type":"box","text":"2,931","page_number":8,"box":{"x":466,"y":519,"width":41,"height":9}},{"id":"2b1de9b6-15ea-467f-81c5-1d8f0f38e686","block_type":"box","text":"1,440","page_number":8,"box":{"x":762,"y":519,"width":41,"height":9}},{"id":"66a475e6-84aa-4766-8389-adc2793d5fa2","block_type":"box","text":"(367,655)","page_number":8,"box":{"x":587,"y":533,"width":63,"height":11}},{"id":"34c35355-20ce-4acc-a1ff-80e872edb9de","block_type":"box","text":"(30,589)","page_number":8,"box":{"x":891,"y":533,"width":55,"height":11}},{"id":"3560ed88-6378-45ea-a396-de206c077aa8","block_type":"box","text":"Change in net assets attributable to shareholders","page_number":8,"box":{"x":85,"y":548,"width":339,"height":10}},{"id":"fa80d30a-8e84-4b3b-9009-53f250c65acd","block_type":"box","text":"from investment activities","page_number":8,"box":{"x":84,"y":562,"width":178,"height":9}},{"id":"0868db75-2825-4fdc-a4d2-f9435f3c43c1","block_type":"box","text":"(26,66","page_number":8,"box":{"x":595,"y":555,"width":42,"height":10}},{"id":"80f26b56-ccbe-4646-97ae-3671e38b842e","block_type":"box","text":"4","page_number":8,"box":{"x":638,"y":556,"width":8,"height":8}},{"id":"8ea93532-e1d5-4b30-a333-5d6bfb813452","block_type":"box","text":")","page_number":8,"box":{"x":647,"y":555,"width":3,"height":10}},{"id":"f017fa63-1d2d-4c6d-844c-86d7690c4285","block_type":"box","text":"47,232","page_number":8,"box":{"x":900,"y":556,"width":51,"height":9}},{"id":"e58692b8-268e-429e-adb9-3515adf2a2fe","block_type":"box","text":"Retained distribution on accumulation shares","page_number":8,"box":{"x":86,"y":577,"width":307,"height":8}},{"id":"0dc08100-4a3a-4d0b-9dd3-6878c36a6590","block_type":"box","text":"44,070","page_number":8,"box":{"x":605,"y":578,"width":50,"height":9}},{"id":"64695170-1e85-4db9-a1cc-a8c4ddefd84d","block_type":"box","text":"69,462","page_number":8,"box":{"x":901,"y":578,"width":50,"height":9}},{"id":"2822addc-8950-4d29-b159-67090220d690","block_type":"box","text":"Closing net assets attributable to","page_number":8,"box":{"x":85,"y":592,"width":232,"height":10}},{"id":"561b30a3-5106-4200-8b56-7991f336d58a","block_type":"box","text":"shareholders","page_number":8,"box":{"x":319,"y":592,"width":89,"height":8}},{"id":"4fa86c3a-8b1b-4d7a-aa22-13c04326336c","block_type":"box","text":"2,361,41","page_number":8,"box":{"x":584,"y":593,"width":58,"height":9}},{"id":"6d4710c2-14b1-4556-8d8c-1dad68fa8f0a","block_type":"box","text":"5","page_number":8,"box":{"x":643,"y":593,"width":7,"height":7}},{"id":"5f913b74-a68e-478b-a65f-09747d212f48","block_type":"box","text":"2,722,117","page_number":8,"box":{"x":879,"y":593,"width":71,"height":9}},{"id":"cb3c1923-5189-4b78-8b36-8f63139b6842","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":8,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"b972f10f-514e-41f6-9223-754fb88fb32d","block_type":"box","text":"MGTS IDAD Fund","page_number":9,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"98c3510c-1b0e-4ee8-9f2a-f3ac24f14643","block_type":"box","text":"-","page_number":9,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"870921b5-9f80-4941-a6e6-1bfbc05751f7","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":9,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"2e4f8b63-4903-4a49-a14c-bb09ac38d62a","block_type":"box","text":"-","page_number":9,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"a8217c2a-acf6-4a09-bd39-484b7a8e5229","block_type":"box","text":"fo","page_number":9,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"6f8870b8-8f7e-4354-bd73-6540181696e9","block_type":"box","text":"for the","page_number":9,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"2de5c349-2464-4b65-809b-efbd684d24f3","block_type":"box","text":"period","page_number":9,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"d00ec0be-b02a-4f84-a01f-e7027ee9a396","block_type":"box","text":"ended","page_number":9,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"fb1869a8-743d-4ede-b308-134e2f071744","block_type":"box","text":"30 June 2026","page_number":9,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"8974f019-9154-4ca0-b556-0ba56b458699","block_type":"box","text":"6","page_number":9,"box":{"x":67,"y":972,"width":8,"height":8}},{"id":"f1b7cfa2-8a28-488a-8526-775ee876e9a4","block_type":"box","text":"Margetts Fund Management Limited","page_number":9,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"26135655-10fa-4cd7-8227-13e8539d2793","block_type":"box","text":"Balance Sheet","page_number":9,"box":{"x":68,"y":68,"width":154,"height":14}},{"id":"8e064d02-2b45-49c9-9e3d-e3ae9d913969","block_type":"box","text":"As at 30 June 2026","page_number":9,"box":{"x":84,"y":90,"width":128,"height":8}},{"id":"13dc3400-1f4b-4181-9083-2ae744ef9cf4","block_type":"box","text":"30.06.2026","page_number":9,"box":{"x":571,"y":105,"width":75,"height":8}},{"id":"1cce9487-1790-45d2-b4eb-a1fafdf2fcb7","block_type":"box","text":"31.12.2025","page_number":9,"box":{"x":866,"y":105,"width":75,"height":8}},{"id":"4f0d997e-15d7-42ad-8e69-2d72577999c3","block_type":"box","text":"Assets","page_number":9,"box":{"x":84,"y":119,"width":45,"height":8}},{"id":"055431fe-663c-4cb4-a32d-b5023112b335","block_type":"box","text":"£","page_number":9,"box":{"x":492,"y":119,"width":7,"height":8}},{"id":"83c3b196-b6a9-4d41-bb7e-8cfb432b2215","block_type":"box","text":"£","page_number":9,"box":{"x":639,"y":119,"width":8,"height":8}},{"id":"584cbe98-c84e-4683-a223-9f7af931d5d4","block_type":"box","text":"£","page_number":9,"box":{"x":786,"y":119,"width":12,"height":8}},{"id":"93dbb2bd-ee53-45f5-a85c-44846bc510fe","block_type":"box","text":"£","page_number":9,"box":{"x":934,"y":119,"width":12,"height":8}},{"id":"7305a827-2a74-4578-a4fc-60fec8e87b19","block_type":"box","text":"Investment assets","page_number":9,"box":{"x":86,"y":134,"width":121,"height":8}},{"id":"11479fc4-430e-418b-95be-a0a7626a8914","block_type":"box","text":"2,345,83","page_number":9,"box":{"x":580,"y":134,"width":58,"height":9}},{"id":"d3760db4-a085-4718-b461-a2dc6b8fa1e2","block_type":"box","text":"9","page_number":9,"box":{"x":639,"y":134,"width":7,"height":8}},{"id":"ecf8087f-add1-49a9-bed1-eef8be8a86be","block_type":"box","text":"2,516,365","page_number":9,"box":{"x":875,"y":134,"width":71,"height":9}},{"id":"33fe83b1-961e-4944-8626-d09e061134ec","block_type":"box","text":"Debtors","page_number":9,"box":{"x":86,"y":148,"width":52,"height":8}},{"id":"ecb8e574-3ec7-4e98-8081-2bae3b174d33","block_type":"box","text":"2,911","page_number":9,"box":{"x":463,"y":148,"width":41,"height":10}},{"id":"aefda008-57d6-4e2d-af2f-05d5a2dcf208","block_type":"box","text":"3,401","page_number":9,"box":{"x":757,"y":148,"width":41,"height":10}},{"id":"336479b0-5ad6-4e85-9674-53da146f967d","block_type":"box","text":"Bank balances","page_number":9,"box":{"x":86,"y":162,"width":95,"height":9}},{"id":"c08a27c5-6815-4161-bfa6-0a43746a42b2","block_type":"box","text":"44,167","page_number":9,"box":{"x":454,"y":163,"width":50,"height":9}},{"id":"36efa528-fb2f-493b-9d98-55e09f282c89","block_type":"box","text":"257,752","page_number":9,"box":{"x":740,"y":163,"width":58,"height":9}},{"id":"bc15b1c1-7ed0-4911-84f9-b4d79f2a0441","block_type":"box","text":"Total","page_number":9,"box":{"x":84,"y":178,"width":40,"height":8}},{"id":"d915494e-25cd-4643-bad5-e7c0abefaf23","block_type":"box","text":"other assets","page_number":9,"box":{"x":124,"y":178,"width":84,"height":8}},{"id":"db2f51c0-c872-400a-9cd9-2eb29afcaa53","block_type":"box","text":"47,078","page_number":9,"box":{"x":601,"y":178,"width":50,"height":9}},{"id":"50d4abeb-16d4-42e8-baee-abe8d9571e43","block_type":"box","text":"261,153","page_number":9,"box":{"x":887,"y":178,"width":59,"height":9}},{"id":"07adc3da-6437-4711-80bf-a05a123879a1","block_type":"box","text":"Total assets","page_number":9,"box":{"x":84,"y":193,"width":82,"height":8}},{"id":"e3485c0c-25c5-4c21-8ac4-41cab8888c8e","block_type":"box","text":"2,392,91","page_number":9,"box":{"x":580,"y":193,"width":58,"height":10}},{"id":"b8bb60f6-a5f9-4cbb-a2a2-70258a8f1c40","block_type":"box","text":"7","page_number":9,"box":{"x":639,"y":193,"width":8,"height":8}},{"id":"f59790c5-60e3-49f6-8376-a198ff82b611","block_type":"box","text":"2,777,518","page_number":9,"box":{"x":874,"y":193,"width":72,"height":10}},{"id":"7e0f6299-2e0f-4f92-8732-4f891bca63aa","block_type":"box","text":"Liabilities","page_number":9,"box":{"x":85,"y":222,"width":65,"height":9}},{"id":"7bf0b6de-3009-459a-b16d-305d339c1e18","block_type":"box","text":"Creditors","page_number":9,"box":{"x":85,"y":237,"width":61,"height":8}},{"id":"6a9c9e87-4c89-407e-9404-c41bba2c0054","block_type":"box","text":"31,50","page_number":9,"box":{"x":454,"y":237,"width":37,"height":9}},{"id":"48dc0cb6-18bf-4edd-b172-7220fa8d3e59","block_type":"box","text":"2","page_number":9,"box":{"x":492,"y":237,"width":7,"height":8}},{"id":"ea1cc3b1-cce8-402b-b21f-6cd7e1192dcf","block_type":"box","text":"65,854","page_number":9,"box":{"x":748,"y":237,"width":50,"height":9}},{"id":"99ba89f1-e4bc-4f0e-af13-516bae748cd0","block_type":"box","text":"Total other liabilities","page_number":9,"box":{"x":84,"y":252,"width":144,"height":8}},{"id":"a8346041-a8fa-4515-a844-879dd648a62e","block_type":"box","text":"31,50","page_number":9,"box":{"x":601,"y":252,"width":37,"height":10}},{"id":"cac35a3d-cab8-4c14-9a9d-41f9baf44040","block_type":"box","text":"2","page_number":9,"box":{"x":639,"y":252,"width":8,"height":8}},{"id":"272ce5f8-aee0-4288-b922-5de6a4ef8474","block_type":"box","text":"65,854","page_number":9,"box":{"x":896,"y":252,"width":50,"height":10}},{"id":"ec22b07c-fb56-43c5-9318-19705c6d0277","block_type":"box","text":"Net assets attributable to shareholders","page_number":9,"box":{"x":85,"y":267,"width":271,"height":8}},{"id":"75072bd5-072b-4218-a97b-c969dfe310cc","block_type":"box","text":"2,361,41","page_number":9,"box":{"x":580,"y":267,"width":58,"height":10}},{"id":"f07401dc-9bcd-4e49-a81a-e46413d6d5d4","block_type":"box","text":"5","page_number":9,"box":{"x":639,"y":267,"width":7,"height":8}},{"id":"e47bd579-be83-4c28-9108-c7a653c65f5f","block_type":"box","text":"2,711,664","page_number":9,"box":{"x":874,"y":267,"width":72,"height":10}},{"id":"79482d43-3785-4fe0-a944-ab9abe4b1d2c","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":9,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"1428708e-ec17-4c21-bfd3-f0c077c08874","block_type":"box","text":"MGTS IDAD Fund","page_number":10,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"5187008c-7203-49cd-967b-601444abb9d6","block_type":"box","text":"-","page_number":10,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"708ba0a0-9119-49e2-9659-f22584b1cb79","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":10,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"2877f98d-2966-46c3-aa42-37a154c09e40","block_type":"box","text":"-","page_number":10,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"278ecd2f-d174-41d5-b143-325785add6d6","block_type":"box","text":"fo","page_number":10,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"531ea9a3-d80b-4056-9488-2e28af996eda","block_type":"box","text":"for the","page_number":10,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"5be0a03b-9eac-46d1-b1ed-1bf638600b04","block_type":"box","text":"period","page_number":10,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"4a3c5939-ce20-4fb3-bd47-38c0982ebb42","block_type":"box","text":"ended","page_number":10,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"5fa005f8-7b8d-436c-8eb8-acc2e8c4d636","block_type":"box","text":"30 June 2026","page_number":10,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"ef1746b5-218e-4117-8ecc-72dde3e803ab","block_type":"box","text":"7","page_number":10,"box":{"x":67,"y":973,"width":8,"height":7}},{"id":"36bfc2bd-ac2e-4719-885d-4e506faee260","block_type":"box","text":"Margetts Fund Management Limited","page_number":10,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"d85bfaf3-7777-4be1-a002-9b9ca8634ad9","block_type":"box","text":"Fair","page_number":10,"box":{"x":68,"y":69,"width":46,"height":13}},{"id":"16fee6b3-713a-4e4b-b663-7c1d703b6820","block_type":"box","text":"V","page_number":10,"box":{"x":114,"y":69,"width":16,"height":12}},{"id":"2d2a9ef5-167b-4d97-a411-1081dddd80d3","block_type":"box","text":"alue","page_number":10,"box":{"x":131,"y":68,"width":53,"height":14}},{"id":"c165b2d6-53a3-4264-afad-07991c0227c2","block_type":"box","text":"H","page_number":10,"box":{"x":186,"y":69,"width":13,"height":12}},{"id":"673dc224-c753-45f8-8a5d-48ad1118a7f9","block_type":"box","text":"ierarchy of","page_number":10,"box":{"x":203,"y":68,"width":124,"height":17}},{"id":"b841947d-9012-4bf0-a7f7-f828a5876a22","block_type":"box","text":"I","page_number":10,"box":{"x":329,"y":69,"width":3,"height":12}},{"id":"5f8d6405-9014-42dd-b742-5f1b4a370e86","block_type":"box","text":"nvestments","page_number":10,"box":{"x":336,"y":70,"width":128,"height":12}},{"id":"364553cf-bf2d-4357-951a-f5d8948ade8e","block_type":"box","text":"In accordance with FRS 102, investments are classified using a fair value hierarchy that reflects the significance of the inp","page_number":10,"box":{"x":67,"y":233,"width":843,"height":10}},{"id":"9a4ad335-5444-4e7d-9cb2-3a75bc286641","block_type":"box","text":"uts","page_number":10,"box":{"x":913,"y":234,"width":24,"height":7}},{"id":"11dc7726-62e9-4723-aa19-b04f255180e1","block_type":"box","text":"used in determining fair value. Level 1 investments are valued using unadjusted quoted prices in active markets for identical","page_number":10,"box":{"x":67,"y":248,"width":864,"height":10}},{"id":"c7fdd73c-8c6d-4ad1-b72b-34169d05c9ca","block_type":"box","text":"i","page_number":10,"box":{"x":67,"y":263,"width":2,"height":7}},{"id":"02262deb-cf76-474e-b990-86b0df6571a4","block_type":"box","text":"nstruments. Level 2 investments are valued using observable market inputs other than quoted prices included within Level 1.","page_number":10,"box":{"x":71,"y":262,"width":865,"height":11}},{"id":"bdb5f7dc-80bd-4c0d-b28b-f2ec1d23eeb7","block_type":"box","text":"Level 3 investments are valued using valuation techniques that use significant unobservable inputs.","page_number":10,"box":{"x":67,"y":277,"width":679,"height":10}},{"id":"6dc16a4e-e747-4aa5-bd9b-8cc27ab6bd48","block_type":"box","text":"As at 30 June 2026","page_number":10,"box":{"x":75,"y":99,"width":128,"height":8}},{"id":"f2c7ce6d-d346-46d2-9517-17806c5c5635","block_type":"box","text":"Basis of Valuation","page_number":10,"box":{"x":76,"y":128,"width":123,"height":8}},{"id":"55511d61-2b0a-43b5-8e7d-866818dce7e7","block_type":"box","text":"Level 1:","page_number":10,"box":{"x":423,"y":114,"width":56,"height":8}},{"id":"03b06688-81c2-44c6-8ffe-37bf0c999950","block_type":"box","text":"Quoted","page_number":10,"box":{"x":400,"y":128,"width":51,"height":10}},{"id":"5ea6de3b-9bc6-4924-9b2f-852ab7be2803","block_type":"box","text":"Prices","page_number":10,"box":{"x":458,"y":128,"width":39,"height":8}},{"id":"cbbc2cb6-78ad-4963-b03f-eb4bec82649f","block_type":"box","text":"Level 2:","page_number":10,"box":{"x":617,"y":114,"width":56,"height":8}},{"id":"779e1f7a-c71c-47d3-844d-653ba985175e","block_type":"box","text":"Observable market data","page_number":10,"box":{"x":559,"y":128,"width":167,"height":8}},{"id":"8bc3fb19-572c-44e5-989a-3c122d5106b2","block_type":"box","text":"Level 3:","page_number":10,"box":{"x":810,"y":114,"width":56,"height":8}},{"id":"c88051a8-66af-4576-9113-0c35f658d5a3","block_type":"box","text":"Unobservable data","page_number":10,"box":{"x":771,"y":128,"width":130,"height":8}},{"id":"a333687b-fe7f-4689-8b6d-444f0d342530","block_type":"box","text":"Assets","page_number":10,"box":{"x":378,"y":143,"width":44,"height":8}},{"id":"bf393035-9106-44b1-bd8b-57e2217788a5","block_type":"box","text":"Liabilities","page_number":10,"box":{"x":465,"y":143,"width":64,"height":8}},{"id":"edb81c01-0930-4001-9db1-c32ab505edef","block_type":"box","text":"Assets","page_number":10,"box":{"x":572,"y":143,"width":44,"height":8}},{"id":"3c4b7947-0acc-40fb-ad9a-38c520e1c528","block_type":"box","text":"Liabilities","page_number":10,"box":{"x":659,"y":143,"width":64,"height":8}},{"id":"9006362b-f04f-4f61-88d8-100f58c0cfe2","block_type":"box","text":"Assets","page_number":10,"box":{"x":765,"y":143,"width":45,"height":8}},{"id":"3a0956df-81e0-44bb-8232-a98767eb1357","block_type":"box","text":"Liabilities","page_number":10,"box":{"x":853,"y":143,"width":64,"height":8}},{"id":"14efd681-64d4-479d-b0fb-e2bb85802314","block_type":"box","text":"£","page_number":10,"box":{"x":397,"y":158,"width":7,"height":7}},{"id":"aa6aa1ba-a1fb-4c87-b8f9-f314b39fa703","block_type":"box","text":"£","page_number":10,"box":{"x":493,"y":158,"width":8,"height":7}},{"id":"a04d6bf7-6b54-442f-8c7c-a3920f1072da","block_type":"box","text":"£","page_number":10,"box":{"x":590,"y":158,"width":8,"height":7}},{"id":"b23d4726-a273-4cd8-a206-186734183159","block_type":"box","text":"£","page_number":10,"box":{"x":687,"y":158,"width":8,"height":7}},{"id":"9b30b958-b0f2-4c6b-baed-19dbbb4f5398","block_type":"box","text":"£","page_number":10,"box":{"x":784,"y":158,"width":7,"height":7}},{"id":"48eb3431-aedd-4fce-b85d-e621a035949d","block_type":"box","text":"£","page_number":10,"box":{"x":881,"y":158,"width":7,"height":7}},{"id":"333f016d-db21-4931-9f7a-9d5e961a7588","block_type":"box","text":"Collective Investment Schemes","page_number":10,"box":{"x":76,"y":172,"width":211,"height":8}},{"id":"063ab092-abe9-44c4-85b2-d3cfed789600","block_type":"box","text":"76,123","page_number":10,"box":{"x":377,"y":172,"width":45,"height":10}},{"id":"9e767acd-a6d8-4c9b-a9fb-6118b2862ffb","block_type":"box","text":"-","page_number":10,"box":{"x":495,"y":177,"width":4,"height":0}},{"id":"2e125cb5-5afc-43da-bedf-95903d277ab3","block_type":"box","text":"-","page_number":10,"box":{"x":592,"y":177,"width":4,"height":0}},{"id":"58dd9788-4e8c-4ad6-a9cc-7b302c3f630c","block_type":"box","text":"-","page_number":10,"box":{"x":689,"y":177,"width":4,"height":0}},{"id":"2e8f3e2c-ee91-40ea-afd6-94002e2cba79","block_type":"box","text":"-","page_number":10,"box":{"x":786,"y":177,"width":4,"height":0}},{"id":"5d38cf91-40ee-4411-ad95-413cb3334bf3","block_type":"box","text":"-","page_number":10,"box":{"x":883,"y":177,"width":4,"height":0}},{"id":"20fe7c92-e0df-459b-9768-b63f0c76d436","block_type":"box","text":"Structured Products","page_number":10,"box":{"x":76,"y":186,"width":136,"height":9}},{"id":"621931de-bb4e-4029-b96d-d15ec57143bf","block_type":"box","text":"-","page_number":10,"box":{"x":398,"y":191,"width":4,"height":1}},{"id":"d2527bfd-a0b3-41ef-b8be-b4584926b884","block_type":"box","text":"-","page_number":10,"box":{"x":495,"y":191,"width":4,"height":1}},{"id":"6e227368-11c3-4959-bcfd-0989b4de6ceb","block_type":"box","text":"2,269,71","page_number":10,"box":{"x":561,"y":187,"width":58,"height":9}},{"id":"1276cb48-7c77-432f-89f5-0d1d9f3b2973","block_type":"box","text":"6","page_number":10,"box":{"x":621,"y":187,"width":7,"height":8}},{"id":"680dc75f-4c30-4f01-8983-addf2e2a6884","block_type":"box","text":"-","page_number":10,"box":{"x":689,"y":191,"width":4,"height":1}},{"id":"4a3764b7-4b6d-4bb3-a352-d7a77b8091d0","block_type":"box","text":"-","page_number":10,"box":{"x":786,"y":191,"width":4,"height":1}},{"id":"37b3cc48-f4e9-4ab2-b056-b964c7f72fbd","block_type":"box","text":"-","page_number":10,"box":{"x":883,"y":191,"width":4,"height":1}},{"id":"6939f453-c0ea-4740-ba18-244e8a79d48b","block_type":"box","text":"76,123","page_number":10,"box":{"x":377,"y":202,"width":46,"height":9}},{"id":"0d996b3f-45ca-45b4-86ad-baf8345b26a9","block_type":"box","text":"-","page_number":10,"box":{"x":495,"y":206,"width":4,"height":1}},{"id":"b4538c76-cc26-4f47-9a13-4576dcd0224a","block_type":"box","text":"2,269,71","page_number":10,"box":{"x":561,"y":202,"width":58,"height":9}},{"id":"16291430-51fd-4e12-8770-3f997cb25bbf","block_type":"box","text":"6","page_number":10,"box":{"x":620,"y":202,"width":8,"height":8}},{"id":"04f7d6d1-29e1-4bf3-a198-bfacee37becf","block_type":"box","text":"-","page_number":10,"box":{"x":689,"y":206,"width":4,"height":1}},{"id":"e3eb4b56-616d-402a-ac2d-504d0f7b6453","block_type":"box","text":"-","page_number":10,"box":{"x":785,"y":206,"width":5,"height":1}},{"id":"6c8e2840-adb3-4918-b463-3eb75341cdce","block_type":"box","text":"-","page_number":10,"box":{"x":883,"y":206,"width":4,"height":1}},{"id":"474761ce-772f-4153-bd1d-540273456e1b","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":10,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"c230737f-6174-4f2f-a789-34396b8778cc","block_type":"box","text":"MGTS IDAD Fund","page_number":11,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"5abb66bf-16ac-414d-a433-55e951f431f4","block_type":"box","text":"-","page_number":11,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"d58fcf94-715e-49ec-bf6c-5ae4d28d5161","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":11,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"bbefe84d-3464-4780-830a-1726247a1750","block_type":"box","text":"-","page_number":11,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"15db1fc5-68fc-4b63-a04a-854bdcf9b1d8","block_type":"box","text":"fo","page_number":11,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"ede6b25e-4433-489d-b51a-bb18fac2f485","block_type":"box","text":"for the","page_number":11,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"3dd2b7fc-73f1-4fcd-a4a2-e6b3798a8875","block_type":"box","text":"period","page_number":11,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"ba162749-a823-4aa4-8637-3b7392853c44","block_type":"box","text":"ended","page_number":11,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"58454102-fe28-4dbc-af8a-8501e98e4f76","block_type":"box","text":"30 June 2026","page_number":11,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"f40890de-bd49-49f4-877e-2fbe0bbfc2ce","block_type":"box","text":"8","page_number":11,"box":{"x":66,"y":972,"width":8,"height":8}},{"id":"94c231ed-b3f5-47c1-a36d-3cb4d89b1973","block_type":"box","text":"Margetts Fund Management Limited","page_number":11,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"2634fd17-31ef-4b0a-83d1-b26f0646df49","block_type":"box","text":"Distribution Table","page_number":11,"box":{"x":68,"y":68,"width":195,"height":14}},{"id":"6ff42911-da35-4ca8-9222-6add9e53d688","block_type":"box","text":"For the p","page_number":11,"box":{"x":67,"y":90,"width":51,"height":8}},{"id":"ef1c6701-25c3-49df-bb80-c157538dc2ed","block_type":"box","text":"period ended 30 June 2026","page_number":11,"box":{"x":118,"y":90,"width":186,"height":10}},{"id":"0d71c5b5-9eeb-4aab-b9d5-45d4d4181755","block_type":"box","text":"–","page_number":11,"box":{"x":304,"y":94,"width":9,"height":1}},{"id":"451c9360-3418-41b6-b42c-1e2d63559756","block_type":"box","text":"in pence per share","page_number":11,"box":{"x":317,"y":90,"width":123,"height":10}},{"id":"bc60daa2-251b-4f9b-beb8-3a426761244f","block_type":"box","text":"Interim payment/allocation date 31 August 2026","page_number":11,"box":{"x":67,"y":118,"width":339,"height":11}},{"id":"b7556e87-7bd5-49c8-befd-8cd2113891dd","block_type":"box","text":"Group 1 –","page_number":11,"box":{"x":67,"y":134,"width":58,"height":10}},{"id":"55288f84-9606-45f1-a1a9-f59905af7993","block_type":"box","text":"–","page_number":11,"box":{"x":125,"y":138,"width":9,"height":1}},{"id":"d667ad69-31c1-4ec6-8cd8-9c83cf5cbd39","block_type":"box","text":"shares purchased prior to 01.01.2026","page_number":11,"box":{"x":138,"y":133,"width":254,"height":11}},{"id":"9e884016-9c11-494f-bdac-8d951443547b","block_type":"box","text":"Group 2 –","page_number":11,"box":{"x":67,"y":148,"width":58,"height":10}},{"id":"29657bfb-8440-425e-9f0d-270954fe244d","block_type":"box","text":"–","page_number":11,"box":{"x":125,"y":152,"width":9,"height":1}},{"id":"d0503119-456b-4497-977c-2263c5568dc0","block_type":"box","text":"shares purchased on or after 01.01.2026","page_number":11,"box":{"x":138,"y":148,"width":275,"height":10}},{"id":"c734bbe1-6ac6-4ec3-9c93-675bafe59598","block_type":"box","text":"MGTS IDAD Refined Growth Fund R Acc Shares","page_number":11,"box":{"x":67,"y":177,"width":317,"height":8}},{"id":"bf5fac92-01d0-4562-bc91-722bb0c32a07","block_type":"box","text":"Shares","page_number":11,"box":{"x":76,"y":192,"width":45,"height":8}},{"id":"1aaf376e-aea4-4a9c-b10d-10d950aa0d56","block_type":"box","text":"Net Income","page_number":11,"box":{"x":247,"y":193,"width":78,"height":7}},{"id":"1aad7f6c-e264-44e0-85fc-11cd7cbfe961","block_type":"box","text":"Equalisation","page_number":11,"box":{"x":419,"y":192,"width":81,"height":10}},{"id":"5d00936f-bf0a-46f2-b56a-65dc291e6971","block_type":"box","text":"Allocating 31.08.2026","page_number":11,"box":{"x":594,"y":192,"width":147,"height":10}},{"id":"cb0d885e-12e9-49dc-928d-6b781f6ff2eb","block_type":"box","text":"Allocated 31.08.2025","page_number":11,"box":{"x":768,"y":192,"width":144,"height":8}},{"id":"ca0ffd1a-b2b3-4b0f-bf33-fd88b615ded3","block_type":"box","text":"Group 1","page_number":11,"box":{"x":76,"y":208,"width":55,"height":9}},{"id":"05a12f3f-9a3f-4fef-9ce6-490c4a346530","block_type":"box","text":"1.8510","page_number":11,"box":{"x":247,"y":208,"width":45,"height":7}},{"id":"9bc135fe-0369-4e4f-ad6b-3c6c936f7d96","block_type":"box","text":"-","page_number":11,"box":{"x":418,"y":212,"width":4,"height":1}},{"id":"09e7333c-9e70-4985-9b3c-82cfd728a649","block_type":"box","text":"1.8510","page_number":11,"box":{"x":595,"y":208,"width":45,"height":7}},{"id":"25c83fa1-fc99-4675-ab69-7e8a1827d0e2","block_type":"box","text":"2.","page_number":11,"box":{"x":769,"y":208,"width":11,"height":7}},{"id":"5feade20-7b83-46a7-9a62-3f66bad318e1","block_type":"box","text":"404","page_number":11,"box":{"x":781,"y":208,"width":25,"height":7}},{"id":"dc92d34b-a8ce-4319-bd03-a9a7eccfc5a3","block_type":"box","text":"0","page_number":11,"box":{"x":807,"y":208,"width":7,"height":7}},{"id":"0c9c38ba-32ee-4423-986b-2b0b25267bd3","block_type":"box","text":"Group 2","page_number":11,"box":{"x":76,"y":222,"width":54,"height":10}},{"id":"c2486e3e-7db7-4e55-987d-f4be8f3b18c7","block_type":"box","text":"1.8510","page_number":11,"box":{"x":247,"y":222,"width":45,"height":8}},{"id":"f1b24a38-1a5a-4efe-9663-8b2ff49058e2","block_type":"box","text":"-","page_number":11,"box":{"x":418,"y":227,"width":4,"height":0}},{"id":"999d19a9-33a8-483b-839a-ed2c01b498cc","block_type":"box","text":"1.8510","page_number":11,"box":{"x":595,"y":222,"width":45,"height":8}},{"id":"7b03bfc2-4c2f-43dd-a383-2d384dd8797b","block_type":"box","text":"2.","page_number":11,"box":{"x":769,"y":222,"width":11,"height":8}},{"id":"e9e108f4-2644-4dd9-8780-5cc77ce2d8b1","block_type":"box","text":"404","page_number":11,"box":{"x":781,"y":222,"width":25,"height":8}},{"id":"c815804c-a160-4e87-a993-60d9716a9093","block_type":"box","text":"0","page_number":11,"box":{"x":807,"y":222,"width":7,"height":8}},{"id":"cfd62054-d3f0-4e1d-a397-4e6841ee4ce3","block_type":"box","text":"MGTS IDAD Refined Growth Fund A Acc Shares","page_number":11,"box":{"x":67,"y":251,"width":318,"height":8}},{"id":"35c8e702-53bc-4c64-bf6c-31e924cfd3c9","block_type":"box","text":"Shares","page_number":11,"box":{"x":76,"y":266,"width":45,"height":8}},{"id":"c7e548c2-2a18-4045-a8aa-34d4c4668335","block_type":"box","text":"Net Income","page_number":11,"box":{"x":247,"y":267,"width":78,"height":7}},{"id":"ebfc5ec1-87ed-4d61-a20e-4406d3547876","block_type":"box","text":"Equalisation","page_number":11,"box":{"x":419,"y":266,"width":81,"height":11}},{"id":"668b30eb-d74a-427c-87f3-369b8cfced7a","block_type":"box","text":"Allocating 31.08.2026","page_number":11,"box":{"x":594,"y":266,"width":147,"height":11}},{"id":"a8a6b597-2b7d-48b9-8bbd-ec8df8cc2c04","block_type":"box","text":"Allocat","page_number":11,"box":{"x":768,"y":266,"width":47,"height":8}},{"id":"a73ce851-cf48-43ac-a1b8-7ee8e9f4f9cf","block_type":"box","text":"ed","page_number":11,"box":{"x":816,"y":266,"width":15,"height":8}},{"id":"c0d7b7c3-d13c-492d-91d0-0ff2ebf8c30e","block_type":"box","text":"31.08.2025","page_number":11,"box":{"x":837,"y":267,"width":75,"height":7}},{"id":"34b87c16-caf2-49c7-997d-b85373b6c243","block_type":"box","text":"Group 1","page_number":11,"box":{"x":76,"y":282,"width":55,"height":10}},{"id":"08f1ca5d-d06b-43fc-962c-a474dc5466ef","block_type":"box","text":"2.3580","page_number":11,"box":{"x":247,"y":282,"width":45,"height":8}},{"id":"d86fc302-1b34-451b-9775-81a0ac2ab228","block_type":"box","text":"-","page_number":11,"box":{"x":418,"y":286,"width":4,"height":1}},{"id":"ca504a06-f46b-4fe1-9769-fb0ed6b9a0c9","block_type":"box","text":"2.3580","page_number":11,"box":{"x":594,"y":282,"width":46,"height":8}},{"id":"e1f263e9-36d0-4a43-bc00-f740807b8278","block_type":"box","text":"2.","page_number":11,"box":{"x":769,"y":282,"width":11,"height":8}},{"id":"eb70e83d-9b3e-4ef3-8b5f-e4a8df1b7355","block_type":"box","text":"880","page_number":11,"box":{"x":782,"y":282,"width":24,"height":8}},{"id":"3dc25812-2a25-41a0-aac3-495c3969bdf3","block_type":"box","text":"0","page_number":11,"box":{"x":807,"y":282,"width":7,"height":8}},{"id":"fe894dd9-8e4a-4e32-981f-6997815b1ac7","block_type":"box","text":"Group 2","page_number":11,"box":{"x":76,"y":296,"width":54,"height":10}},{"id":"5c4be6b9-cdb7-44af-8316-33025feb037c","block_type":"box","text":"2.3580","page_number":11,"box":{"x":247,"y":296,"width":45,"height":8}},{"id":"99145b4a-c813-4dba-9231-06d67f4f9034","block_type":"box","text":"-","page_number":11,"box":{"x":418,"y":301,"width":4,"height":0}},{"id":"d84730ae-4aa7-4141-8236-e3720c7b3d29","block_type":"box","text":"2.3580","page_number":11,"box":{"x":594,"y":296,"width":46,"height":8}},{"id":"cb0d71d0-f247-48f8-bb94-3fc61acdc4e2","block_type":"box","text":"2.","page_number":11,"box":{"x":769,"y":296,"width":11,"height":8}},{"id":"214c0709-217c-42da-92b4-51ffa08d0722","block_type":"box","text":"880","page_number":11,"box":{"x":782,"y":296,"width":24,"height":8}},{"id":"4d3fec3b-5c02-4c1d-8b04-d5a875657d5b","block_type":"box","text":"0","page_number":11,"box":{"x":807,"y":296,"width":7,"height":8}},{"id":"bbb26de8-0de9-444a-9db6-d682b5ddd824","block_type":"box","text":"Equalisation only applies to shares purchased during the distribution period (group 2 shares). It represents the accrued inco","page_number":11,"box":{"x":67,"y":325,"width":842,"height":11}},{"id":"475961f9-bdeb-4ea8-b863-f9adf6c91f28","block_type":"box","text":"me","page_number":11,"box":{"x":912,"y":328,"width":25,"height":6}},{"id":"9066ce3c-9d1e-4b46-a0eb-746d41b1ab6f","block_type":"box","text":"included in the purchase price of","page_number":11,"box":{"x":67,"y":340,"width":227,"height":10}},{"id":"f708b25a-7de4-4ffc-9b37-a55077ee4446","block_type":"box","text":"the shares. After averaging it is returned with the distribution as a capital repayment. It is not","page_number":11,"box":{"x":295,"y":340,"width":641,"height":10}},{"id":"822468b0-1363-41c9-bffa-d40f33a825ac","block_type":"box","text":"liable to income tax but must be deducted from the cost of the shares for capital gains tax purposes.","page_number":11,"box":{"x":67,"y":355,"width":682,"height":10}},{"id":"c555abd3-b01f-4ee1-ac4c-8256cc4b8266","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":11,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"3c66f17b-52e8-4346-b482-67a4640338b9","block_type":"box","text":"MGTS IDAD Fund","page_number":12,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"f17ca746-0d06-4ba5-9d9d-76618d9bb49f","block_type":"box","text":"-","page_number":12,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"7e670075-6e82-45f0-8253-b7564627ded0","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":12,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"1af1c3e6-6ac1-4c6c-9394-8b33e32e04b6","block_type":"box","text":"-","page_number":12,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"e3152ad7-af15-4886-a2d8-71f693f047bd","block_type":"box","text":"fo","page_number":12,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"856ba2b5-e8b0-4c0a-ad64-c9022146dca4","block_type":"box","text":"for the","page_number":12,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"5fc4a212-0848-4fc2-b549-f8a39aa8a97e","block_type":"box","text":"period","page_number":12,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"988393b0-066d-42f3-b61b-cee2ff284a3c","block_type":"box","text":"ended","page_number":12,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"44dac84d-3359-4539-9db2-a87a5c96ac10","block_type":"box","text":"30 June 2026","page_number":12,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"62f4de38-9ad2-4e95-a596-08748a797f1f","block_type":"box","text":"9","page_number":12,"box":{"x":66,"y":972,"width":8,"height":8}},{"id":"cd4beaf0-ef6a-48f4-9fcf-623b7538c37c","block_type":"box","text":"Margetts Fund Management Limited","page_number":12,"box":{"x":79,"y":972,"width":251,"height":10}},{"id":"2569be4b-485c-4b43-b11c-e4224e56d10f","block_type":"box","text":"Net Asset Value per Share and Comparative Tables","page_number":12,"box":{"x":68,"y":68,"width":562,"height":17}},{"id":"b215edf2-c668-4c2a-bb02-41bdde773e5e","block_type":"box","text":"R Accumulation","page_number":12,"box":{"x":77,"y":105,"width":118,"height":9}},{"id":"b0acfdae-42c2-4c8d-9f03-3f3634b9e796","block_type":"box","text":"01.01.2026 to","page_number":12,"box":{"x":426,"y":121,"width":95,"height":7}},{"id":"2abbcdf2-bf16-4224-935b-bc3ec5dbc1ae","block_type":"box","text":"01.01.2025 to","page_number":12,"box":{"x":568,"y":121,"width":94,"height":7}},{"id":"035545b3-ca06-42b0-be7a-b3866947fb2f","block_type":"box","text":"01.01.2024 to","page_number":12,"box":{"x":709,"y":121,"width":95,"height":7}},{"id":"de5b27a4-26eb-4a50-b0a2-4b1ab658642c","block_type":"box","text":"01.01.2023 to","page_number":12,"box":{"x":850,"y":121,"width":95,"height":7}},{"id":"daa325d1-4b34-4c24-853a-454f975a1f53","block_type":"box","text":"Change in net assets per share","page_number":12,"box":{"x":76,"y":135,"width":210,"height":10}},{"id":"79caf769-672c-47b0-957e-6c446c48417b","block_type":"box","text":"30.06.2026","page_number":12,"box":{"x":445,"y":135,"width":75,"height":8}},{"id":"1c0ac749-13d5-4768-b7b0-5282ee4b7bac","block_type":"box","text":"31.12.2025","page_number":12,"box":{"x":587,"y":135,"width":75,"height":8}},{"id":"1f203dc1-03cd-403c-9649-043031bc7c7a","block_type":"box","text":"31.12.2024","page_number":12,"box":{"x":728,"y":135,"width":75,"height":8}},{"id":"b3c5977b-ae49-4486-a4a8-cd2dbde4b860","block_type":"box","text":"31.12.2023","page_number":12,"box":{"x":869,"y":135,"width":75,"height":8}},{"id":"3e945d35-98e8-4dbf-a20d-d42d8db895c7","block_type":"box","text":"Opening net asset value per share","page_number":12,"box":{"x":137,"y":149,"width":236,"height":11}},{"id":"c513940d-e4d4-4d1d-89ac-200b0fbafb48","block_type":"box","text":"120.5000","page_number":12,"box":{"x":458,"y":150,"width":63,"height":8}},{"id":"8055c954-cc7e-4094-99c6-4aa100ff0268","block_type":"box","text":"105.3000","page_number":12,"box":{"x":600,"y":150,"width":62,"height":8}},{"id":"82e43b0e-cac9-46cf-af66-b9e542c2d660","block_type":"box","text":"98.8040","page_number":12,"box":{"x":749,"y":150,"width":54,"height":8}},{"id":"99ba82e1-1f31-452c-8973-3660b78d2984","block_type":"box","text":"89.5439","page_number":12,"box":{"x":890,"y":150,"width":55,"height":8}},{"id":"5f013499-48f8-4306-b614-f7e02d358aa5","block_type":"box","text":"Return before","page_number":12,"box":{"x":138,"y":164,"width":98,"height":8}},{"id":"c32a411f-1fc4-406b-9f1c-e38045fb1f92","block_type":"box","text":"operating charges *","page_number":12,"box":{"x":237,"y":164,"width":132,"height":10}},{"id":"5a0639ad-7a35-4ced-bceb-9202060354a6","block_type":"box","text":"1.9200","page_number":12,"box":{"x":476,"y":164,"width":45,"height":8}},{"id":"0f79e409-38ce-4ec1-bd84-c7b10c431ec7","block_type":"box","text":"16.2900","page_number":12,"box":{"x":609,"y":164,"width":53,"height":8}},{"id":"f4fa86f0-6bee-424a-80da-5e49fa1497f8","block_type":"box","text":"7.6260","page_number":12,"box":{"x":758,"y":164,"width":45,"height":8}},{"id":"8d3522cd-e62d-46fe-a333-1afc34f2e18f","block_type":"box","text":"10.2101","page_number":12,"box":{"x":892,"y":164,"width":53,"height":8}},{"id":"48a778b3-d822-467d-9a29-58747e2711ae","block_type":"box","text":"Operating charges","page_number":12,"box":{"x":137,"y":178,"width":123,"height":11}},{"id":"2379c3ad-7fe0-4da3-88b0-b37ef361e09d","block_type":"box","text":"(0.6200)","page_number":12,"box":{"x":466,"y":178,"width":54,"height":11}},{"id":"843aa0e6-4384-463c-ba8f-992c83288ef0","block_type":"box","text":"(1.0900)","page_number":12,"box":{"x":607,"y":178,"width":55,"height":11}},{"id":"a0ba37ed-1aa3-4065-9c20-9c5ae4711dda","block_type":"box","text":"(1.1300)","page_number":12,"box":{"x":748,"y":178,"width":55,"height":11}},{"id":"3f34ce06-2566-44da-b5b4-739997127590","block_type":"box","text":"(0.9500)","page_number":12,"box":{"x":890,"y":178,"width":55,"height":11}},{"id":"57d74d55-5d11-42de-b243-fc095532db32","block_type":"box","text":"Return after operating charges","page_number":12,"box":{"x":137,"y":193,"width":213,"height":11}},{"id":"ec759b8b-c53f-4422-9829-96dc1290b098","block_type":"box","text":"1.3000","page_number":12,"box":{"x":475,"y":194,"width":46,"height":8}},{"id":"42ec6076-c8ca-4faf-ad63-0a3fe5e93e65","block_type":"box","text":"15.2000","page_number":12,"box":{"x":608,"y":194,"width":54,"height":8}},{"id":"43c80597-760c-4420-9760-07f511795fc3","block_type":"box","text":"6.4960","page_number":12,"box":{"x":757,"y":194,"width":46,"height":8}},{"id":"76b2f2f8-21d5-4b4a-b4aa-9069f0c2beeb","block_type":"box","text":"9.2601","page_number":12,"box":{"x":899,"y":194,"width":45,"height":8}},{"id":"feb9e76b-17b0-453d-8c2b-30a33cf18f02","block_type":"box","text":"Distribution","page_number":12,"box":{"x":138,"y":208,"width":78,"height":8}},{"id":"b347f926-8138-42fa-b2d9-18c43363f591","block_type":"box","text":"(1.8510)","page_number":12,"box":{"x":466,"y":208,"width":54,"height":10}},{"id":"ee76f117-c885-41bd-ba0b-64ff730e6123","block_type":"box","text":"(7.5860)","page_number":12,"box":{"x":607,"y":208,"width":55,"height":10}},{"id":"391be669-7279-413f-8fb1-ec64fe43aea2","block_type":"box","text":"(4.5660)","page_number":12,"box":{"x":748,"y":208,"width":55,"height":10}},{"id":"421585f6-b704-44ca-b50c-241b2ee55e8a","block_type":"box","text":"(3.5710)","page_number":12,"box":{"x":890,"y":208,"width":55,"height":10}},{"id":"27f724d9-9284-4764-84b2-7325da78cb79","block_type":"box","text":"Retained","page_number":12,"box":{"x":138,"y":223,"width":63,"height":8}},{"id":"69486660-7dbb-4246-901b-c0433ab048c2","block_type":"box","text":"distribution on acc shares","page_number":12,"box":{"x":202,"y":223,"width":173,"height":8}},{"id":"f565f057-f812-47df-a234-de72117039bf","block_type":"box","text":"1.8510","page_number":12,"box":{"x":476,"y":223,"width":45,"height":8}},{"id":"ce97c6f6-e5d7-49b3-b56a-e73f784bff8f","block_type":"box","text":"7.5860","page_number":12,"box":{"x":617,"y":223,"width":45,"height":8}},{"id":"f713f25a-ec71-401e-ba94-fa3f2a600452","block_type":"box","text":"4.5660","page_number":12,"box":{"x":758,"y":223,"width":45,"height":8}},{"id":"9f64e0f5-4b97-4967-945b-80396c796630","block_type":"box","text":"3.5710","page_number":12,"box":{"x":900,"y":223,"width":45,"height":8}},{"id":"a35b0484-88f3-4542-b271-c36a12d1f786","block_type":"box","text":"Closing net asset value per share","page_number":12,"box":{"x":137,"y":237,"width":226,"height":11}},{"id":"6f724151-e63c-4ad8-af78-2d9336f6b9c4","block_type":"box","text":"121.8000","page_number":12,"box":{"x":458,"y":238,"width":63,"height":8}},{"id":"3af02262-4f20-4eec-830b-1b2bd7f8f2d5","block_type":"box","text":"120.5000","page_number":12,"box":{"x":600,"y":238,"width":62,"height":8}},{"id":"739fda20-b8b5-47c9-92a4-1e6970e8fbe1","block_type":"box","text":"105.3000","page_number":12,"box":{"x":741,"y":238,"width":62,"height":8}},{"id":"abbc206a-7924-46fd-a9a4-514849bebb6c","block_type":"box","text":"98.8040","page_number":12,"box":{"x":890,"y":238,"width":55,"height":8}},{"id":"ed3c2bc6-cc44-4094-a500-e6f9d834b074","block_type":"box","text":"* After direct transaction costs of","page_number":12,"box":{"x":137,"y":255,"width":227,"height":8}},{"id":"c6c39c9e-dd1a-4922-9f74-5e192f3a3dcc","block_type":"box","text":"0.0266","page_number":12,"box":{"x":475,"y":255,"width":46,"height":8}},{"id":"69d89b7f-658f-4965-bdce-3c4f75161878","block_type":"box","text":"0.0658","page_number":12,"box":{"x":617,"y":255,"width":45,"height":8}},{"id":"8cd6ee3c-df14-4b30-bbe5-9567f8175ad6","block_type":"box","text":"0.0653","page_number":12,"box":{"x":758,"y":255,"width":45,"height":8}},{"id":"f52a00af-657a-4b3b-9fe3-0b5d1d632a37","block_type":"box","text":"0.0364","page_number":12,"box":{"x":899,"y":255,"width":46,"height":8}},{"id":"1305639d-8a1e-4464-b86f-7a535128c2e7","block_type":"box","text":"Performance","page_number":12,"box":{"x":76,"y":284,"width":89,"height":8}},{"id":"af4e15e9-f09a-4e97-a997-5883487a2927","block_type":"box","text":"Return after","page_number":12,"box":{"x":138,"y":298,"width":85,"height":8}},{"id":"b1462823-c48b-4d48-b048-edabb0880430","block_type":"box","text":"charges","page_number":12,"box":{"x":224,"y":298,"width":52,"height":10}},{"id":"cc1cf597-3b9b-416f-83f7-81ec6a9256be","block_type":"box","text":"1.08%","page_number":12,"box":{"x":481,"y":299,"width":40,"height":8}},{"id":"579a809b-c3d6-4f1b-b8d3-7aed9884c3a5","block_type":"box","text":"14.43%","page_number":12,"box":{"x":614,"y":299,"width":48,"height":8}},{"id":"2d98baaf-280e-4287-b966-afa7a4a06d7e","block_type":"box","text":"6.57%","page_number":12,"box":{"x":763,"y":299,"width":40,"height":8}},{"id":"2ad5c4ac-83b1-40e0-a727-bdf6fae107fe","block_type":"box","text":"10.34%","page_number":12,"box":{"x":897,"y":299,"width":48,"height":8}},{"id":"e2ec49db-6bfb-41dc-804a-ede1e7cd2c39","block_type":"box","text":"Other Information","page_number":12,"box":{"x":76,"y":327,"width":127,"height":9}},{"id":"9147b278-c2c7-4d27-8aa5-8b910be6e35f","block_type":"box","text":"Closing net asset value (£)","page_number":12,"box":{"x":137,"y":342,"width":176,"height":10}},{"id":"e1d47bc7-2ca2-4b17-8e91-b838d1b46c8f","block_type":"box","text":"1,218","page_number":12,"box":{"x":484,"y":342,"width":37,"height":10}},{"id":"5816a9d0-4144-4d0f-b3cc-5acef54d4335","block_type":"box","text":"1,205","page_number":12,"box":{"x":626,"y":342,"width":36,"height":10}},{"id":"dddfe4b2-0739-4378-857c-5ddbdf4ed2c1","block_type":"box","text":"1,053","page_number":12,"box":{"x":767,"y":342,"width":36,"height":10}},{"id":"f919a1b5-e542-477a-b56f-6e51d4b42a7a","block_type":"box","text":"988","page_number":12,"box":{"x":921,"y":342,"width":24,"height":8}},{"id":"49bd0e1f-53ad-4cfa-ac05-010a885fe9b8","block_type":"box","text":"Closing number of shares","page_number":12,"box":{"x":137,"y":356,"width":171,"height":11}},{"id":"3ba34d84-1abf-4cc2-8455-633b052add35","block_type":"box","text":"1,000","page_number":12,"box":{"x":484,"y":357,"width":37,"height":9}},{"id":"6c43f9bf-1e9b-4350-a474-ad33bd4db528","block_type":"box","text":"1,000","page_number":12,"box":{"x":626,"y":357,"width":36,"height":9}},{"id":"bfd138d3-7c5b-4c5f-856b-e3e2fc4a20a3","block_type":"box","text":"1,000","page_number":12,"box":{"x":767,"y":357,"width":36,"height":9}},{"id":"bd4fdb0e-07b2-4bee-9bb0-0411295c654b","block_type":"box","text":"1,000","page_number":12,"box":{"x":909,"y":357,"width":36,"height":9}},{"id":"aa6f1abe-e5e1-4d56-a793-bb8134c0e6ed","block_type":"box","text":"OCF","page_number":12,"box":{"x":137,"y":371,"width":26,"height":8}},{"id":"d80c27e3-0938-402d-a1a7-b6191152d336","block_type":"box","text":"^","page_number":12,"box":{"x":472,"y":371,"width":7,"height":5}},{"id":"6d9beb9a-caf6-4156-82c4-44c646022b8f","block_type":"box","text":"1","page_number":12,"box":{"x":481,"y":371,"width":6,"height":8}},{"id":"74447c16-5515-4477-a88b-26b51b618243","block_type":"box","text":".","page_number":12,"box":{"x":489,"y":378,"width":2,"height":1}},{"id":"dcf56bc1-756b-493c-8ed9-15f83d0f557e","block_type":"box","text":"85","page_number":12,"box":{"x":493,"y":371,"width":16,"height":8}},{"id":"9fbb03af-f8c3-4a9e-b065-af367af18e5f","block_type":"box","text":"%","page_number":12,"box":{"x":510,"y":371,"width":11,"height":8}},{"id":"672713cc-dd63-4827-9b14-d49af629e3d0","block_type":"box","text":"^","page_number":12,"box":{"x":614,"y":371,"width":6,"height":5}},{"id":"bd042a42-c0bb-4058-a084-b1feb20751e4","block_type":"box","text":"1.85","page_number":12,"box":{"x":623,"y":371,"width":27,"height":8}},{"id":"c03fc57b-4777-4ca9-a203-fff4a733bc23","block_type":"box","text":"%","page_number":12,"box":{"x":652,"y":371,"width":11,"height":8}},{"id":"ecc40bdf-e9a7-4acf-9402-9b2132a0fc6d","block_type":"box","text":"1.85%","page_number":12,"box":{"x":763,"y":371,"width":40,"height":8}},{"id":"0279de91-429f-432c-a5ac-def827708361","block_type":"box","text":"1.85%","page_number":12,"box":{"x":905,"y":371,"width":40,"height":8}},{"id":"a991ef6b-d8f3-4650-afbf-2abbcc7855b2","block_type":"box","text":"Direct transaction costs","page_number":12,"box":{"x":138,"y":386,"width":158,"height":7}},{"id":"4a5ca813-1eb9-4fbe-8c83-9096a5ccdb75","block_type":"box","text":"0.02%","page_number":12,"box":{"x":480,"y":385,"width":41,"height":8}},{"id":"ffdcb7f2-aad3-44fa-8f88-ea831ff34b2c","block_type":"box","text":"0.06%","page_number":12,"box":{"x":621,"y":385,"width":41,"height":8}},{"id":"6e0be914-9f04-44ba-aea8-8668903daac2","block_type":"box","text":"0.06%","page_number":12,"box":{"x":763,"y":385,"width":40,"height":8}},{"id":"d4a22eb5-08ea-492f-9af8-e11f515f9e89","block_type":"box","text":"0.04%","page_number":12,"box":{"x":904,"y":385,"width":41,"height":8}},{"id":"b976f4ba-22ba-4d17-a4da-a580c1a7a98e","block_type":"box","text":"Prices","page_number":12,"box":{"x":76,"y":414,"width":40,"height":8}},{"id":"040a7116-3480-4eed-b8cd-95db0ba63b72","block_type":"box","text":"Highest share price (pence)","page_number":12,"box":{"x":138,"y":429,"width":183,"height":10}},{"id":"482ace10-f4de-4fb2-b4b8-b7025970cdcd","block_type":"box","text":"122.97","page_number":12,"box":{"x":476,"y":429,"width":45,"height":8}},{"id":"ec3be1af-94e3-4485-846d-b71b1cd2df22","block_type":"box","text":"121.88","page_number":12,"box":{"x":618,"y":429,"width":44,"height":8}},{"id":"a8c07fb1-5b2b-42e6-8986-2075ef7e93d0","block_type":"box","text":"109.54","page_number":12,"box":{"x":759,"y":429,"width":45,"height":8}},{"id":"e6f2b176-fa28-4dc2-a917-f3d58e35779a","block_type":"box","text":"99.83","page_number":12,"box":{"x":908,"y":429,"width":37,"height":8}},{"id":"a98313b5-0fb7-4709-9b9e-7daa4ec71029","block_type":"box","text":"Lowest share price (pence)","page_number":12,"box":{"x":138,"y":443,"width":180,"height":11}},{"id":"4609e04a-ded4-4106-9687-7b6614039172","block_type":"box","text":"114.54","page_number":12,"box":{"x":476,"y":444,"width":45,"height":8}},{"id":"931ceb53-24ca-4766-bd5a-3765e504fa64","block_type":"box","text":"99.89","page_number":12,"box":{"x":625,"y":444,"width":37,"height":8}},{"id":"2a4fb3ee-d664-496a-9778-77acd892c52f","block_type":"box","text":"97.00","page_number":12,"box":{"x":766,"y":444,"width":37,"height":8}},{"id":"eabdb3c3-658e-4a6f-a2a5-20b410522cab","block_type":"box","text":"90.25","page_number":12,"box":{"x":908,"y":444,"width":37,"height":8}},{"id":"6744d9d9-bd70-42e6-b507-5398f75f81f9","block_type":"box","text":"A Accumulation","page_number":12,"box":{"x":76,"y":473,"width":120,"height":9}},{"id":"22a431ef-7070-4089-ac1d-f6f647036629","block_type":"box","text":"01.01.2026 to","page_number":12,"box":{"x":439,"y":489,"width":95,"height":8}},{"id":"2894e6bc-3269-4681-9ee9-4f8c0bce4273","block_type":"box","text":"01.01.2025 to","page_number":12,"box":{"x":577,"y":489,"width":94,"height":8}},{"id":"75aa66f1-eb4c-4c31-b487-cabf312ae3f8","block_type":"box","text":"01.01.2024 to","page_number":12,"box":{"x":715,"y":489,"width":94,"height":8}},{"id":"f7f3813f-139a-40b6-9816-4632cac736ce","block_type":"box","text":"01.01.2023 to","page_number":12,"box":{"x":852,"y":489,"width":95,"height":8}},{"id":"e4506097-0ff2-48c6-bb64-50226d4ea2f1","block_type":"box","text":"Change in net assets per share","page_number":12,"box":{"x":76,"y":503,"width":210,"height":10}},{"id":"a3e6f32c-87c7-4610-8f87-279837bbbca3","block_type":"box","text":"30.06.2026","page_number":12,"box":{"x":458,"y":503,"width":75,"height":8}},{"id":"03f867b4-9a50-49a1-bf14-0613f998fab6","block_type":"box","text":"31.12.2025","page_number":12,"box":{"x":595,"y":503,"width":76,"height":8}},{"id":"cf7ff6c2-344b-4061-80dc-74ed559bfc6f","block_type":"box","text":"31.12.2024","page_number":12,"box":{"x":733,"y":503,"width":76,"height":8}},{"id":"7c350394-ec21-4d0f-afdf-ad0499908407","block_type":"box","text":"31.12.2023","page_number":12,"box":{"x":871,"y":503,"width":75,"height":8}},{"id":"b3d794ba-a691-457e-8d74-09fc6cb39751","block_type":"box","text":"Opening net asset value per share","page_number":12,"box":{"x":136,"y":517,"width":235,"height":10}},{"id":"38e07402-3b2b-4795-ba5d-a61fca28a802","block_type":"box","text":"124.4831","page_number":12,"box":{"x":471,"y":518,"width":62,"height":7}},{"id":"58e5f20a-b331-4d6c-a0f1-17868db45e91","block_type":"box","text":"107.9870","page_number":12,"box":{"x":609,"y":518,"width":62,"height":7}},{"id":"1c5e393c-3ded-4e3b-81c8-8a1712305770","block_type":"box","text":"100.6932","page_number":12,"box":{"x":747,"y":518,"width":62,"height":7}},{"id":"7c885d39-f0e9-4e02-964f-1226bee82218","block_type":"box","text":"90.5637","page_number":12,"box":{"x":892,"y":518,"width":54,"height":7}},{"id":"5691db93-f5b7-4c3e-9399-b9b49ab661d3","block_type":"box","text":"Return before operating charges *","page_number":12,"box":{"x":136,"y":532,"width":232,"height":10}},{"id":"9a9b694b-e62e-4e2f-93f0-c02e889687a6","block_type":"box","text":"2.3920","page_number":12,"box":{"x":488,"y":532,"width":46,"height":8}},{"id":"4c1d2685-1c80-448e-9213-0dcffca7d495","block_type":"box","text":"17.5961","page_number":12,"box":{"x":618,"y":532,"width":53,"height":8}},{"id":"d28319b6-32a6-46d0-9a33-a7e015ceb7f3","block_type":"box","text":"8.3038","page_number":12,"box":{"x":763,"y":532,"width":46,"height":8}},{"id":"822910ce-61f8-40cf-9a48-b2d7b71de43c","block_type":"box","text":"11.0595","page_number":12,"box":{"x":894,"y":532,"width":53,"height":8}},{"id":"b7326508-13d0-4c0d-813d-8dcbfcc765d4","block_type":"box","text":"Operating charges","page_number":12,"box":{"x":136,"y":546,"width":123,"height":10}},{"id":"a0a09bc6-de6c-4d70-93bc-62ed1a564538","block_type":"box","text":"(0.5900)","page_number":12,"box":{"x":478,"y":546,"width":55,"height":10}},{"id":"df70c72f-58c3-4e34-9c20-c8ffa27416d4","block_type":"box","text":"(1.1000)","page_number":12,"box":{"x":616,"y":546,"width":55,"height":10}},{"id":"f5129e0e-ec04-4da5-a5ee-1d979043a47b","block_type":"box","text":"(1.0100)","page_number":12,"box":{"x":754,"y":546,"width":55,"height":10}},{"id":"1cad6472-57d7-4ded-985d-0e4aded4a1b6","block_type":"box","text":"(0.9300)","page_number":12,"box":{"x":892,"y":546,"width":55,"height":10}},{"id":"96d0a07a-57fb-4392-94a9-6d4097d1437c","block_type":"box","text":"Return after operating charges","page_number":12,"box":{"x":136,"y":561,"width":213,"height":11}},{"id":"fa5f3b36-1e7d-46b8-9849-bf1109791a66","block_type":"box","text":"1.8020","page_number":12,"box":{"x":488,"y":562,"width":45,"height":8}},{"id":"71cbe6f8-60da-4117-a6dd-a3dad0c0cc60","block_type":"box","text":"16.4961","page_number":12,"box":{"x":617,"y":562,"width":54,"height":8}},{"id":"68a20baa-ed96-4f31-b0d0-ea0b7c8421de","block_type":"box","text":"7.2938","page_number":12,"box":{"x":763,"y":562,"width":46,"height":8}},{"id":"ccc2bcfa-68ea-4064-8e0a-c5a91fac12cd","block_type":"box","text":"10.1295","page_number":12,"box":{"x":893,"y":562,"width":53,"height":8}},{"id":"8d70d11f-66ad-484d-bb46-25a0154cff85","block_type":"box","text":"Distribution","page_number":12,"box":{"x":136,"y":576,"width":79,"height":8}},{"id":"cc2a1d63-cb42-44b7-953d-a90c3bc4586a","block_type":"box","text":"(2.3580)","page_number":12,"box":{"x":478,"y":576,"width":55,"height":10}},{"id":"ad03e84a-96e1-4da5-8323-f6563874acde","block_type":"box","text":"(8.6362)","page_number":12,"box":{"x":616,"y":576,"width":55,"height":10}},{"id":"342011d6-7ef3-4d7d-985f-cb95bd8bc2de","block_type":"box","text":"(5.3873)","page_number":12,"box":{"x":754,"y":576,"width":55,"height":10}},{"id":"0621b640-afb8-4f5f-bfeb-4cf32552d94e","block_type":"box","text":"(4.3598)","page_number":12,"box":{"x":892,"y":576,"width":55,"height":10}},{"id":"41e85550-951b-4372-87da-474ac29f6b00","block_type":"box","text":"Retained distribution on acc shares","page_number":12,"box":{"x":136,"y":590,"width":238,"height":9}},{"id":"f977726e-b2ef-4537-b8df-bf91a3b9c316","block_type":"box","text":"2.3580","page_number":12,"box":{"x":488,"y":591,"width":46,"height":8}},{"id":"beabf71d-bdd7-4b91-9a51-98debc93a2f2","block_type":"box","text":"8.6362","page_number":12,"box":{"x":626,"y":591,"width":45,"height":8}},{"id":"78ebfa80-df92-4cf5-8773-2478b3735eb3","block_type":"box","text":"5.3873","page_number":12,"box":{"x":764,"y":591,"width":45,"height":8}},{"id":"26d9febb-9a29-4af7-bb1b-be9f484d8f06","block_type":"box","text":"4.3598","page_number":12,"box":{"x":901,"y":591,"width":46,"height":8}},{"id":"ee3995e1-c932-4212-9d1b-ba274c8c0fd2","block_type":"box","text":"Closing net asset value per","page_number":12,"box":{"x":136,"y":606,"width":188,"height":10}},{"id":"dd5f9a0e-5c5a-4123-bc3d-5b1780f4a736","block_type":"box","text":"share","page_number":12,"box":{"x":325,"y":606,"width":38,"height":8}},{"id":"5f2512f2-ba15-48e9-94b9-9ef32fa9901c","block_type":"box","text":"126.2851","page_number":12,"box":{"x":471,"y":606,"width":62,"height":8}},{"id":"c8a54896-887e-4b4a-a721-fdf374e68763","block_type":"box","text":"124.4831","page_number":12,"box":{"x":609,"y":606,"width":62,"height":8}},{"id":"25c07ae9-7d55-49b3-9fcf-d85068593751","block_type":"box","text":"107.9870","page_number":12,"box":{"x":747,"y":606,"width":62,"height":8}},{"id":"9cc28842-c144-46f3-866a-c5e97ee3aef8","block_type":"box","text":"100.6932","page_number":12,"box":{"x":885,"y":606,"width":62,"height":8}},{"id":"10411f51-2da7-4220-ad2a-ddcaddc681d0","block_type":"box","text":"* After direct transaction costs of","page_number":12,"box":{"x":136,"y":623,"width":227,"height":8}},{"id":"0b51a7d9-37e5-43ef-abf6-a7d6d684311d","block_type":"box","text":"0.0269","page_number":12,"box":{"x":488,"y":623,"width":45,"height":8}},{"id":"a1bb4c4a-8f5c-44f7-9d49-1e27fa4b00b8","block_type":"box","text":"0.0657","page_number":12,"box":{"x":626,"y":623,"width":45,"height":8}},{"id":"ff49cffb-7b58-4455-a0ac-6835cebec14b","block_type":"box","text":"0.0668","page_number":12,"box":{"x":763,"y":623,"width":46,"height":8}},{"id":"729b79e6-d06e-4d61-afac-74d554d8adda","block_type":"box","text":"0.0407","page_number":12,"box":{"x":901,"y":623,"width":46,"height":8}},{"id":"0201bc2e-9392-4674-983f-e333cb7258a1","block_type":"box","text":"Performance","page_number":12,"box":{"x":76,"y":652,"width":89,"height":8}},{"id":"8bcb88ed-294b-4205-8d69-caff063d0ff6","block_type":"box","text":"Return after charges","page_number":12,"box":{"x":136,"y":666,"width":139,"height":11}},{"id":"c17dd0e4-69a5-49e8-b762-f1c75a463a8d","block_type":"box","text":"1.45%","page_number":12,"box":{"x":494,"y":667,"width":40,"height":8}},{"id":"1e989d7a-e127-43f5-96a4-c514e798182b","block_type":"box","text":"15.28%","page_number":12,"box":{"x":623,"y":667,"width":48,"height":8}},{"id":"ae156243-90a1-4e2b-94b6-bf0cc61779ca","block_type":"box","text":"7.24%","page_number":12,"box":{"x":768,"y":667,"width":41,"height":8}},{"id":"f4b8a66e-54b5-43eb-9d4a-d95a96e2c3f6","block_type":"box","text":"11.18%","page_number":12,"box":{"x":899,"y":667,"width":48,"height":8}},{"id":"c01f0352-e5e6-4eed-a411-ed2dacb48fc1","block_type":"box","text":"Other Information","page_number":12,"box":{"x":76,"y":695,"width":127,"height":8}},{"id":"bce416b4-7f9c-4912-902a-9c6b0c8b72e8","block_type":"box","text":"Closing net","page_number":12,"box":{"x":136,"y":710,"width":79,"height":10}},{"id":"b92bb9f2-9c37-41d4-8bb1-7f3f41564b25","block_type":"box","text":"asset value (£)","page_number":12,"box":{"x":215,"y":709,"width":97,"height":11}},{"id":"bc7a96a0-ac17-4100-bfb5-9717cc6a0076","block_type":"box","text":"2,360,197","page_number":12,"box":{"x":467,"y":710,"width":66,"height":9}},{"id":"cebbe95a-b454-4de0-9e0c-2bc293263197","block_type":"box","text":"2,710,459","page_number":12,"box":{"x":604,"y":710,"width":67,"height":9}},{"id":"ca4ddbd7-0571-4f6e-9498-12bbee8229fe","block_type":"box","text":"2,634,959","page_number":12,"box":{"x":742,"y":710,"width":67,"height":9}},{"id":"f2e1f7da-ad03-412b-86ca-5861babcf09f","block_type":"box","text":"3,542,700","page_number":12,"box":{"x":880,"y":710,"width":67,"height":9}},{"id":"65496143-d445-4f79-9e68-f1fd9a9d0577","block_type":"box","text":"Closing number of shares","page_number":12,"box":{"x":136,"y":724,"width":171,"height":10}},{"id":"85374481-795b-4c83-abc3-6c1e67bd4626","block_type":"box","text":"1,868,944","page_number":12,"box":{"x":467,"y":725,"width":67,"height":9}},{"id":"84c0c838-f026-4129-b2c9-2b3f1551e9b9","block_type":"box","text":"2,177,372","page_number":12,"box":{"x":604,"y":725,"width":67,"height":9}},{"id":"99d33e67-665a-47f3-b330-49bb0419e8d0","block_type":"box","text":"2,440,070","page_number":12,"box":{"x":742,"y":725,"width":67,"height":9}},{"id":"fd545859-8697-40a1-bc25-5aad58c3d596","block_type":"box","text":"3,518,311","page_number":12,"box":{"x":880,"y":725,"width":67,"height":9}},{"id":"be4e9b5c-593f-47ab-9c5e-4d5711f52e7a","block_type":"box","text":"OCF","page_number":12,"box":{"x":136,"y":739,"width":26,"height":8}},{"id":"f308d12f-0918-40e3-b226-339ae5aea938","block_type":"box","text":"^","page_number":12,"box":{"x":485,"y":739,"width":7,"height":5}},{"id":"6e3abd51-3619-4d17-98b5-2e8006cfc319","block_type":"box","text":"0.","page_number":12,"box":{"x":493,"y":739,"width":11,"height":8}},{"id":"92a4bccc-b805-4bee-b578-22687e3d1ebc","block_type":"box","text":"95","page_number":12,"box":{"x":506,"y":739,"width":16,"height":8}},{"id":"ca6966e2-b26e-4fc0-bd52-f12f970750b4","block_type":"box","text":"%","page_number":12,"box":{"x":523,"y":739,"width":11,"height":8}},{"id":"890a80aa-5f51-423f-ba42-124be932c44f","block_type":"box","text":"^","page_number":12,"box":{"x":623,"y":739,"width":6,"height":5}},{"id":"d10a7938-d3f4-4341-a2dd-be464a438ec0","block_type":"box","text":"0.","page_number":12,"box":{"x":631,"y":739,"width":11,"height":8}},{"id":"08c5c641-f41c-4011-83f3-8dc09281266f","block_type":"box","text":"95","page_number":12,"box":{"x":644,"y":739,"width":15,"height":8}},{"id":"74b95239-8b47-4525-b56a-c14a3473cc1a","block_type":"box","text":"%","page_number":12,"box":{"x":661,"y":739,"width":11,"height":8}},{"id":"4256f292-9cc2-48f2-b60e-479be24ca356","block_type":"box","text":"0.95%","page_number":12,"box":{"x":768,"y":739,"width":41,"height":8}},{"id":"e4ad7d4d-30d5-40fa-86ad-529bc43a5584","block_type":"box","text":"0.95%","page_number":12,"box":{"x":906,"y":739,"width":41,"height":8}},{"id":"67e26b13-057a-4918-8d2c-d5d1c4aaf956","block_type":"box","text":"Direct transaction costs","page_number":12,"box":{"x":136,"y":754,"width":159,"height":7}},{"id":"d1b8194d-a7f9-4745-87b5-805144907849","block_type":"box","text":"0.02%","page_number":12,"box":{"x":493,"y":754,"width":41,"height":8}},{"id":"548e712c-ecab-4f27-b715-7b2762e0b3fe","block_type":"box","text":"0.06%","page_number":12,"box":{"x":630,"y":754,"width":41,"height":8}},{"id":"d0f79dbc-d98a-48da-b011-819872543e29","block_type":"box","text":"0.06%","page_number":12,"box":{"x":768,"y":754,"width":41,"height":8}},{"id":"9ac2f56b-ad0f-4766-808d-6ed4859aad55","block_type":"box","text":"0.04%","page_number":12,"box":{"x":906,"y":754,"width":41,"height":8}},{"id":"fc87d6c5-ff48-41bb-aa19-037222890dea","block_type":"box","text":"Prices","page_number":12,"box":{"x":76,"y":782,"width":40,"height":8}},{"id":"f3b5530d-02da-4617-a559-6031f3332027","block_type":"box","text":"Highest share price (pence)","page_number":12,"box":{"x":136,"y":796,"width":184,"height":11}},{"id":"a98a3146-20a2-4309-ae40-4ffada5edb00","block_type":"box","text":"127.05","page_number":12,"box":{"x":489,"y":797,"width":44,"height":8}},{"id":"49b44c2e-020e-482d-a10e-c145b4499209","block_type":"box","text":"125.81","page_number":12,"box":{"x":626,"y":797,"width":45,"height":8}},{"id":"9f17b20d-cae2-42f6-9644-63885b0bc045","block_type":"box","text":"112.15","page_number":12,"box":{"x":764,"y":797,"width":45,"height":8}},{"id":"09036698-b490-4329-8d6e-b4c266911af6","block_type":"box","text":"101.73","page_number":12,"box":{"x":902,"y":797,"width":45,"height":8}},{"id":"c1f4e073-46fd-43f1-aa0f-89d60c3f9899","block_type":"box","text":"Lowest share price (pence)","page_number":12,"box":{"x":136,"y":811,"width":181,"height":10}},{"id":"31b77210-8924-44ca-9f11-74579c0197ad","block_type":"box","text":"118.51","page_number":12,"box":{"x":489,"y":812,"width":44,"height":7}},{"id":"b2c8fb68-783c-494f-a14d-c90859523adc","block_type":"box","text":"102.63","page_number":12,"box":{"x":626,"y":812,"width":45,"height":7}},{"id":"05b41ebd-4987-4ccd-b3c5-3b74c1ff0cf4","block_type":"box","text":"98.89","page_number":12,"box":{"x":772,"y":812,"width":37,"height":7}},{"id":"fdebc564-f372-4fd7-a78a-679a19bac64b","block_type":"box","text":"91.28","page_number":12,"box":{"x":910,"y":812,"width":37,"height":7}},{"id":"0c1059c0-3f5e-416c-a1ea-e490dc906765","block_type":"box","text":"^The OCF stated for the p","page_number":12,"box":{"x":67,"y":855,"width":164,"height":10}},{"id":"5cc106b4-635d-4a90-b411-e22cc4515ce8","block_type":"box","text":"period","page_number":12,"box":{"x":231,"y":855,"width":48,"height":10}},{"id":"ce3d59cf-73b5-47ff-8122-64e5552d5025","block_type":"box","text":"ended","page_number":12,"box":{"x":280,"y":855,"width":45,"height":8}},{"id":"912bc26d-73c4-41b4-96fa-d58238c3ff49","block_type":"box","text":"30 June 2026","page_number":12,"box":{"x":326,"y":855,"width":88,"height":8}},{"id":"301b3f49-f3c9-4cbf-abd1-c72c215821a9","block_type":"box","text":"and 31 December 2025","page_number":12,"box":{"x":419,"y":855,"width":161,"height":8}},{"id":"cc6bed1a-f52a-41b5-b64d-0ae9b90c7ea1","block_type":"box","text":"does not include costs incurred by underlying closed","page_number":12,"box":{"x":581,"y":855,"width":355,"height":10}},{"id":"2ef91d00-6ebf-4d95-8a81-925e1f88c536","block_type":"box","text":"ended f","page_number":12,"box":{"x":67,"y":869,"width":45,"height":9}},{"id":"ca3b8f2e-bf3d-4b92-bdd9-e20b8e2cb5b1","block_type":"box","text":"funds. Where prior year OCFs included such costs, those figures","page_number":12,"box":{"x":110,"y":869,"width":430,"height":11}},{"id":"349ca5bc-c175-4f90-8ff9-08cefeb38be9","block_type":"box","text":"may not be directly comparable year on year.","page_number":12,"box":{"x":545,"y":869,"width":305,"height":11}},{"id":"b20570cb-3ba9-47fd-83a1-5b97433ca23e","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":12,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"188a04bc-8550-40be-91ec-1d448ed713a0","block_type":"box","text":"MGTS IDAD Fund","page_number":13,"box":{"x":200,"y":45,"width":116,"height":8}},{"id":"a6a04972-cd07-45e4-ad43-9ab76a26dbe0","block_type":"box","text":"-","page_number":13,"box":{"x":320,"y":50,"width":4,"height":1}},{"id":"d28b42d3-7d51-4e13-b417-ea50695a1f18","block_type":"box","text":"MGTS IDAD Refined Growth Fund","page_number":13,"box":{"x":329,"y":45,"width":226,"height":10}},{"id":"f1ee0ebf-0f70-402f-93df-62c07954c7af","block_type":"box","text":"-","page_number":13,"box":{"x":560,"y":50,"width":4,"height":1}},{"id":"da709d78-b45f-4e89-9ccd-d7a965b1b1f6","block_type":"box","text":"fo","page_number":13,"box":{"x":567,"y":45,"width":8,"height":10}},{"id":"57c5fdbf-6e1b-4b08-b3fd-a5b993a20251","block_type":"box","text":"for the","page_number":13,"box":{"x":574,"y":45,"width":43,"height":8}},{"id":"1258f83b-0296-4833-9aa2-4d961a6625cb","block_type":"box","text":"period","page_number":13,"box":{"x":618,"y":45,"width":43,"height":10}},{"id":"5685e598-83a8-4510-baad-f77557181dc9","block_type":"box","text":"ended","page_number":13,"box":{"x":666,"y":45,"width":45,"height":8}},{"id":"1f2f77f9-5861-446d-889b-16cb30e2eff1","block_type":"box","text":"30 June 2026","page_number":13,"box":{"x":711,"y":45,"width":89,"height":8}},{"id":"3a7ae547-3277-4874-ae1a-1e472af42887","block_type":"box","text":"10","page_number":13,"box":{"x":67,"y":972,"width":16,"height":8}},{"id":"e054ef87-8bb4-4db3-8b74-3c0273b9103f","block_type":"box","text":"Margetts Fund Management Limited","page_number":13,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"44ccdd5a-2fdd-4862-a7eb-7339a41917ca","block_type":"box","text":"Risk Warning","page_number":13,"box":{"x":68,"y":68,"width":126,"height":14}},{"id":"37e83952-a1e9-4887-b278-34b00d82589e","block_type":"box","text":"An investment in an open","page_number":13,"box":{"x":66,"y":87,"width":186,"height":10}},{"id":"7a40acd1-6138-49ac-ad5e-26de2be08ae2","block_type":"box","text":"-","page_number":13,"box":{"x":254,"y":92,"width":4,"height":0}},{"id":"34fc7133-3a28-4e8d-8088-1c99e4de5d1b","block_type":"box","text":"ended investment company (OEIC) should be regarded as a medium to long term investment.","page_number":13,"box":{"x":259,"y":87,"width":677,"height":10}},{"id":"bd94c5b1-e883-492d-80ab-ceecb6999c94","block_type":"box","text":"Investors should be aware that the price of shares and the income from them can fall as well as rise and investors may not","page_number":13,"box":{"x":67,"y":101,"width":869,"height":11}},{"id":"43387db6-2117-4cb3-94ba-dafb49e439c0","block_type":"box","text":"receive back the ful","page_number":13,"box":{"x":67,"y":116,"width":131,"height":8}},{"id":"87706852-885f-4770-8a46-57382e494b1b","block_type":"box","text":"l amount invested. Past performance is not a guide to future performance.","page_number":13,"box":{"x":201,"y":116,"width":510,"height":10}},{"id":"5d388a74-3ab2-45a6-a43e-7632682c2957","block_type":"box","text":"Fund Performance","page_number":13,"box":{"x":68,"y":146,"width":177,"height":12}},{"id":"6c3ecda3-490c-4702-9978-358c51f13a2d","block_type":"box","text":"The performance of the Sub","page_number":13,"box":{"x":66,"y":165,"width":191,"height":11}},{"id":"43a72c64-c861-4f8d-bcc0-37c2b44165e9","block_type":"box","text":"-","page_number":13,"box":{"x":258,"y":170,"width":4,"height":1}},{"id":"f19729c1-02d2-435d-930c-52ecca6fb068","block_type":"box","text":"fund is shown in the Investment Manager’s Report.","page_number":13,"box":{"x":263,"y":165,"width":348,"height":11}},{"id":"abea046e-1205-40df-be9c-c2bd2ec14b6b","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":13,"box":{"x":67,"y":196,"width":350,"height":14}},{"id":"2d70e5bd-b795-40e1-bc81-e8e9eae88306","block_type":"box","text":"The risk and reward score is based on past performance and calculated in accordance with European legislation. It may not be","page_number":13,"box":{"x":66,"y":358,"width":858,"height":10}},{"id":"97fcbe5c-10dc-4651-a35c-cd2ef2ecef1c","block_type":"box","text":"a","page_number":13,"box":{"x":926,"y":360,"width":11,"height":6}},{"id":"1681097c-0d6e-47b0-a7bb-326b43a07f98","block_type":"box","text":"reliable indication of the future","page_number":13,"box":{"x":67,"y":372,"width":216,"height":9}},{"id":"fd107561-d1b1-4094-aa01-97e05511f287","block_type":"box","text":"risk profile.","page_number":13,"box":{"x":285,"y":372,"width":74,"height":11}},{"id":"82b49abd-fac4-4c36-bf27-ab1db9b58bf2","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":13,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"cab59bbc-db06-455f-a8ca-520298deba2d","block_type":"box","text":"MGTS IDAD Fund","page_number":14,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"60ffb6fd-079c-4a70-a3b1-8b390809c029","block_type":"box","text":"-","page_number":14,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"f1212743-b8c6-4e22-9cef-de433d54097c","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":14,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"8f414bf7-e5d3-4bcb-87af-42cec46bb51c","block_type":"box","text":"-","page_number":14,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"16dea12a-44f4-498e-8231-fef63d2abfb6","block_type":"box","text":"fo","page_number":14,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"3546b811-9ccc-40d0-abc3-e82418c2793b","block_type":"box","text":"for the p","page_number":14,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"f1629bdc-d6df-4334-8c7c-d69f10ce12a0","block_type":"box","text":"period","page_number":14,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"2f0a8787-a3a4-43fc-89e5-05b5900aba40","block_type":"box","text":"ended","page_number":14,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"ee4c0791-d17a-4e84-aea9-1a6f4b335197","block_type":"box","text":"30 June 2026","page_number":14,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"7caaad53-39af-4871-96f3-8c87daae5d98","block_type":"box","text":"11","page_number":14,"box":{"x":67,"y":972,"width":15,"height":8}},{"id":"946cd5a1-a9d6-4228-8783-80b5bd3d1af6","block_type":"box","text":"Margetts Fund Management Limited","page_number":14,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"015bb969-53db-442f-a7ec-bd2f1ad8dd18","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":14,"box":{"x":68,"y":68,"width":353,"height":14}},{"id":"ba7129ce-f95c-426a-89b3-d5d57db3ace8","block_type":"box","text":"Report & Accounts","page_number":14,"box":{"x":431,"y":68,"width":206,"height":17}},{"id":"d16ad210-a50a-49ea-9dd4-cfb56a76c174","block_type":"box","text":"Investment","page_number":14,"box":{"x":68,"y":96,"width":131,"height":12}},{"id":"62cad686-1659-41b7-b3bc-b4cad19f5d12","block_type":"box","text":"Manager","page_number":14,"box":{"x":201,"y":96,"width":98,"height":16}},{"id":"d5083c12-5960-4ce1-8304-e4b50ce1788b","block_type":"box","text":"’s Report","page_number":14,"box":{"x":300,"y":95,"width":99,"height":16}},{"id":"9d5067fe-2b05-4973-a914-67c573b10a9b","block_type":"box","text":"For the p","page_number":14,"box":{"x":67,"y":117,"width":51,"height":8}},{"id":"bfc9946a-a6db-4738-93a9-584ddd99895a","block_type":"box","text":"period","page_number":14,"box":{"x":118,"y":117,"width":44,"height":10}},{"id":"f8511c3a-dd95-46eb-8495-c014d1012a98","block_type":"box","text":"ended","page_number":14,"box":{"x":166,"y":117,"width":45,"height":8}},{"id":"0c046c63-294d-4a3f-9e46-0e1ec8ecc918","block_type":"box","text":"30 June 2026","page_number":14,"box":{"x":212,"y":117,"width":89,"height":8}},{"id":"f2104488-46de-485f-b8ae-d43702fc99aa","block_type":"box","text":"Investment Objective","page_number":14,"box":{"x":68,"y":147,"width":212,"height":14}},{"id":"3c0c6af2-40a8-461b-bcd8-884669c0823f","block_type":"box","text":"The objective of the MGTS IDAD Future Wealth Sub","page_number":14,"box":{"x":66,"y":166,"width":350,"height":10}},{"id":"d080852e-3c49-4272-9c41-2feb41bb23ec","block_type":"box","text":"-","page_number":14,"box":{"x":418,"y":171,"width":4,"height":1}},{"id":"9d954b71-7528-4f48-a9a4-75fc0997c68c","block_type":"box","text":"fund is to provide Capital Growth over any","page_number":14,"box":{"x":423,"y":166,"width":292,"height":10}},{"id":"23a1d9a2-115e-43b5-b2f9-ff5cea826c69","block_type":"box","text":"7","page_number":14,"box":{"x":716,"y":167,"width":7,"height":7}},{"id":"ec77f453-c1f6-44df-8918-bebd7c8999b3","block_type":"box","text":"-","page_number":14,"box":{"x":725,"y":171,"width":4,"height":1}},{"id":"24c5aacd-fde4-4351-af6a-fe05111c4f1d","block_type":"box","text":"year","page_number":14,"box":{"x":730,"y":169,"width":29,"height":7}},{"id":"58553668-949a-47de-bf16-aba371524887","block_type":"box","text":"period.","page_number":14,"box":{"x":764,"y":166,"width":47,"height":10}},{"id":"3a853303-81e0-42dd-9077-922bbd5e5d80","block_type":"box","text":"Investment Policy","page_number":14,"box":{"x":68,"y":196,"width":171,"height":14}},{"id":"9ec422ca-3bc7-4bb3-8210-0a22f8ef0515","block_type":"box","text":"The Sub","page_number":14,"box":{"x":66,"y":215,"width":54,"height":8}},{"id":"72fe3d19-7e36-4de8-8ea8-7ca21baae1ef","block_type":"box","text":"-","page_number":14,"box":{"x":122,"y":220,"width":4,"height":1}},{"id":"dbe728e5-35b0-431f-945e-3a6ef113bac2","block_type":"box","text":"fund will be actively managed through investments which focus on sectors that are expected to deliver strong Capital","page_number":14,"box":{"x":127,"y":215,"width":809,"height":10}},{"id":"f346b784-7623-401a-ae60-1fe795408dfc","block_type":"box","text":"Growth in the future, including those that incorporate innovative technologies, changing demographics and changing economic","page_number":14,"box":{"x":67,"y":229,"width":869,"height":11}},{"id":"95a2e073-5f7f-4dad-bd7d-dec29f78579c","block_type":"box","text":"develop","page_number":14,"box":{"x":67,"y":244,"width":53,"height":10}},{"id":"3ff28d5f-5905-477e-b383-9366794896dd","block_type":"box","text":"ments. The Investment Manager will use their expertise to select investments, rather than tracking a stock exchange or","page_number":14,"box":{"x":122,"y":244,"width":814,"height":10}},{"id":"4e9fd270-b30a-4039-8c06-3bab645b50db","block_type":"box","text":"index.","page_number":14,"box":{"x":67,"y":259,"width":44,"height":8}},{"id":"89cd4e12-96e6-4036-888e-2d7af5056edf","block_type":"box","text":"Investors should be familiar with the focused portfolio risk factor as the Sub","page_number":14,"box":{"x":67,"y":287,"width":555,"height":11}},{"id":"68aae779-b927-4d54-b9b5-156b2ed69b8d","block_type":"box","text":"-","page_number":14,"box":{"x":623,"y":292,"width":5,"height":1}},{"id":"6fed5aa8-8960-487a-9f8a-00928706ba2a","block_type":"box","text":"fund may be composed of assets within a","page_number":14,"box":{"x":628,"y":287,"width":309,"height":11}},{"id":"18cc4b5c-32c8-430c-8309-7e24a1b5e590","block_type":"box","text":"concentrated number of sectors (explained in the Investment Strategy section), which could lead to high levels of price","page_number":14,"box":{"x":67,"y":302,"width":869,"height":10}},{"id":"e2347802-b754-4aa0-b0c0-aac60acaca7c","block_type":"box","text":"fluctuations. Alo","page_number":14,"box":{"x":66,"y":316,"width":113,"height":9}},{"id":"4ffbf432-915c-4d5a-ae2b-fde895767fd8","block_type":"box","text":"ng with sector","page_number":14,"box":{"x":181,"y":316,"width":99,"height":11}},{"id":"302319e6-78ba-45a3-966b-f7f23d21b7be","block_type":"box","text":"-","page_number":14,"box":{"x":281,"y":321,"width":4,"height":1}},{"id":"332677b1-9c49-4738-9f0c-46a452923b80","block_type":"box","text":"specific factors such as competition from new entrants, short product cycles and fluctuating","page_number":14,"box":{"x":286,"y":316,"width":650,"height":11}},{"id":"d0f7bac9-e873-49c6-bfdf-5aba9ef8bca7","block_type":"box","text":"company profits & prices due to the competitive nature of its participants. The Sub","page_number":14,"box":{"x":67,"y":331,"width":563,"height":10}},{"id":"1d077a82-2a73-40cf-ac96-b92c06e89c0c","block_type":"box","text":"-","page_number":14,"box":{"x":631,"y":336,"width":4,"height":1}},{"id":"f4e97322-7457-487a-abc9-7737d51f93e6","block_type":"box","text":"fund","page_number":14,"box":{"x":636,"y":331,"width":30,"height":8}},{"id":"06ddef65-3384-4d9b-bfd2-5cc319cd0825","block_type":"box","text":"’","page_number":14,"box":{"x":668,"y":331,"width":2,"height":3}},{"id":"a0a54da4-f3b6-4feb-adec-a5c74ca54d89","block_type":"box","text":"s narrower concentration on a specific","page_number":14,"box":{"x":672,"y":331,"width":264,"height":10}},{"id":"939e7fa2-8a64-4f6a-b105-ba7543a01a01","block_type":"box","text":"industry may lead to higher volatility in comparison to funds with higher diversification and the market as a whole.","page_number":14,"box":{"x":67,"y":345,"width":778,"height":11}},{"id":"c481414a-cdce-4bb4-838d-1a6ad4fda1ee","block_type":"box","text":"A minimum of 70% of the portfolio will be invested in collective investment schemes (which may include schemes operated by","page_number":14,"box":{"x":66,"y":374,"width":870,"height":10}},{"id":"979a0379-4b46-4cfc-ba6b-8c77505cd0ec","block_type":"box","text":"the ACD, associates or controllers of the Investment Manager), in any economic sector and any geographic area, across a wide","page_number":14,"box":{"x":66,"y":388,"width":870,"height":11}},{"id":"6ff0cb1f-57a7-418c-af5f-c7d1ef4e2341","block_type":"box","text":"range of","page_number":14,"box":{"x":67,"y":403,"width":56,"height":10}},{"id":"63a824e9-8ead-4e99-a424-b40452de8047","block_type":"box","text":"assets. This includes shares, bonds, cash and near cash instruments.","page_number":14,"box":{"x":128,"y":403,"width":465,"height":10}},{"id":"625435ac-6cb5-4ac6-8e4f-77ad53886616","block_type":"box","text":"The Sub","page_number":14,"box":{"x":66,"y":432,"width":53,"height":8}},{"id":"e7621be1-2490-4844-9e15-719c4c2cff78","block_type":"box","text":"-","page_number":14,"box":{"x":121,"y":437,"width":4,"height":0}},{"id":"0f4cf64c-1db1-4584-8f73-804515c41de4","block_type":"box","text":"fund may also invest (maximum of 30%) in shares, bonds, cash, near cash instruments, investment trusts, and structured","page_number":14,"box":{"x":126,"y":432,"width":810,"height":10}},{"id":"e0dc1f86-f339-41d9-b6bc-0eabe6290437","block_type":"box","text":"products which may embed derivatives.","page_number":14,"box":{"x":67,"y":446,"width":270,"height":11}},{"id":"a30b29d4-e93a-4cac-bcf8-32d9fe22d084","block_type":"box","text":"Normally, the Sub","page_number":14,"box":{"x":67,"y":475,"width":128,"height":11}},{"id":"050e51fa-e8c5-492b-a8cf-39dce41f8fa9","block_type":"box","text":"-","page_number":14,"box":{"x":196,"y":480,"width":4,"height":1}},{"id":"daa4db30-cd1e-4fd5-9ef2-edffbb2ea473","block_type":"box","text":"fund will be fully invested save for a cash amount to enable ready settlement of liabilities (including","page_number":14,"box":{"x":201,"y":475,"width":735,"height":11}},{"id":"b0305c97-7cd2-4967-9316-c170562238be","block_type":"box","text":"redemption of shares) and efficient management of the Sub","page_number":14,"box":{"x":67,"y":489,"width":413,"height":11}},{"id":"67da4687-6113-4ecd-bc42-5c3fbe40d2f4","block_type":"box","text":"-","page_number":14,"box":{"x":482,"y":494,"width":4,"height":1}},{"id":"a44f6869-4fd6-4193-abec-6fc6c7d5ce7b","block_type":"box","text":"fund both generally and in relation to its strategic objective. This","page_number":14,"box":{"x":487,"y":489,"width":449,"height":11}},{"id":"6f0cd42f-f55f-4056-bdc4-c2c140a6954c","block_type":"box","text":"amount","page_number":14,"box":{"x":67,"y":505,"width":56,"height":7}},{"id":"59b0ee1e-4690-470a-8216-eb1d5d025b28","block_type":"box","text":"will vary depending upon prevailing circumstances and although it would normally not exceed 10% of the total value of","page_number":14,"box":{"x":124,"y":504,"width":812,"height":10}},{"id":"19e16ad4-f648-4574-8c6b-ee9a1d135054","block_type":"box","text":"the Sub","page_number":14,"box":{"x":66,"y":519,"width":52,"height":8}},{"id":"654b33a0-f0c1-4003-bef6-cecd2d4e8c31","block_type":"box","text":"-","page_number":14,"box":{"x":119,"y":523,"width":4,"height":1}},{"id":"3f3c48da-e794-47a0-ab0a-63f2cf2818f0","block_type":"box","text":"fund, there may be times when the Investment Manager considers stock markets around the world to be overpriced or","page_number":14,"box":{"x":124,"y":519,"width":812,"height":10}},{"id":"21d09832-d491-4fb3-b21f-d47d0dcba8f5","block_type":"box","text":"that a period of","page_number":14,"box":{"x":66,"y":533,"width":108,"height":10}},{"id":"fbd1ccb9-e74c-4695-bfac-2bb2dd078c1a","block_type":"box","text":"instability exists which presents unusual risks. In such cases or during such periods and, if considered prudent,","page_number":14,"box":{"x":179,"y":533,"width":757,"height":10}},{"id":"c441bd81-073d-4dbf-931a-7213a96d9afb","block_type":"box","text":"the amount of cash or near cash instruments held would be increased. Unless market conditions were deemed unusually risky,","page_number":14,"box":{"x":66,"y":548,"width":870,"height":10}},{"id":"fb1cb4d9-5287-4a54-a477-b151d754851c","block_type":"box","text":"the increased amou","page_number":14,"box":{"x":66,"y":562,"width":135,"height":8}},{"id":"35c362f2-1829-4a5b-9c99-6aa82b5d34c5","block_type":"box","text":"nt and period would not be expected to exceed 30% and six months respectively.","page_number":14,"box":{"x":203,"y":562,"width":550,"height":10}},{"id":"42920036-5968-4d54-8ac4-1058a056d3d8","block_type":"box","text":"The use of derivatives and/or hedging transactions are permitted in connection with investment purposes and","page_number":14,"box":{"x":66,"y":591,"width":748,"height":10}},{"id":"264b61ed-005d-482d-86c4-5c9c6a4c92ce","block_type":"box","text":"E","page_number":14,"box":{"x":815,"y":592,"width":6,"height":7}},{"id":"33d9f031-7950-463b-ad76-d84451e43850","block_type":"box","text":"fficient","page_number":14,"box":{"x":823,"y":591,"width":51,"height":8}},{"id":"09f49c86-a245-406a-98cd-b4188c0a244e","block_type":"box","text":"P","page_number":14,"box":{"x":875,"y":592,"width":6,"height":7}},{"id":"fc68c8a6-1450-4acf-b124-40f3c837c0b3","block_type":"box","text":"ortfolio","page_number":14,"box":{"x":883,"y":591,"width":54,"height":8}},{"id":"f3fce3ba-61d6-456a-b634-6571dd8eaea9","block_type":"box","text":"M","page_number":14,"box":{"x":67,"y":606,"width":12,"height":7}},{"id":"b95c1a96-7840-4dcd-a9a4-08b49bde24cd","block_type":"box","text":"anagement (EPM","page_number":14,"box":{"x":81,"y":605,"width":121,"height":11}},{"id":"2019d497-8dc3-4e5b-8b8b-cf851da1762b","block_type":"box","text":"-","page_number":14,"box":{"x":204,"y":610,"width":4,"height":1}},{"id":"d1d25c9c-2c92-4d6c-91f6-8e8f44a16b27","block_type":"box","text":"managing the Sub","page_number":14,"box":{"x":214,"y":605,"width":122,"height":11}},{"id":"ecfb8097-4dca-4235-885f-e22d448ac406","block_type":"box","text":"-","page_number":14,"box":{"x":338,"y":610,"width":4,"height":1}},{"id":"bf95ce92-6c3e-40cf-8318-ae24b459dd27","block_type":"box","text":"fund in a way that is designed to reduce risk or cost and/or generate extra income or","page_number":14,"box":{"x":343,"y":605,"width":593,"height":11}},{"id":"53763a0f-8e05-4f67-a931-3a7f7c04f65e","block_type":"box","text":"growth or both). The scheme may hold assets which embed derivatives that are used for investment purposes and","page_number":14,"box":{"x":66,"y":620,"width":809,"height":10}},{"id":"8af38164-9d20-4b13-ad05-b6773a2b70a5","block_type":"box","text":"E","page_number":14,"box":{"x":878,"y":620,"width":6,"height":8}},{"id":"67c34606-eaa6-43f5-a0ee-88b711177b8d","block_type":"box","text":"fficient","page_number":14,"box":{"x":886,"y":620,"width":51,"height":8}},{"id":"34a262cd-3a49-427c-bb6c-003f62f9b395","block_type":"box","text":"P","page_number":14,"box":{"x":67,"y":635,"width":7,"height":8}},{"id":"ae2a4846-7203-41bc-a861-9cf49fa3618a","block_type":"box","text":"ortfolio","page_number":14,"box":{"x":76,"y":634,"width":53,"height":9}},{"id":"a0ce49ad-8821-4259-8453-e14b3263c03d","block_type":"box","text":"M","page_number":14,"box":{"x":131,"y":635,"width":12,"height":8}},{"id":"0cca5a4e-e99d-49a9-87c8-c4e9610adfcb","block_type":"box","text":"anagement.","page_number":14,"box":{"x":145,"y":635,"width":79,"height":10}},{"id":"f14861a0-12c7-4d6c-bab6-d3e6b2bd6313","block_type":"box","text":"Performance Comparison","page_number":14,"box":{"x":68,"y":664,"width":245,"height":14}},{"id":"5738d808-edcf-47cf-bd91-a917d64d0187","block_type":"box","text":"There are three types of benchmarks which can be used:","page_number":14,"box":{"x":66,"y":683,"width":385,"height":11}},{"id":"112950ed-19e4-4b87-a0ea-cf3bef8395c1","block_type":"box","text":"1.","page_number":14,"box":{"x":67,"y":713,"width":16,"height":7}},{"id":"e02354a5-500c-4647-9c54-2f643f0d6d4b","block_type":"box","text":"A","page_number":14,"box":{"x":127,"y":713,"width":13,"height":7}},{"id":"3464421e-2b2d-4820-acb3-905d7ffe2bc0","block_type":"box","text":"target","page_number":14,"box":{"x":140,"y":713,"width":46,"height":9}},{"id":"05205e8c-c55e-4c75-a5c1-37ebc84b907f","block_type":"box","text":"-","page_number":14,"box":{"x":186,"y":717,"width":4,"height":1}},{"id":"1a31f42d-951f-4030-b245-6f7a702ee61c","block_type":"box","text":"an index or similar factor that is part of a target a fund manager has set for a fund’s performance to match or","page_number":14,"box":{"x":195,"y":712,"width":741,"height":10}},{"id":"6d35c387-bb75-49b9-ac75-a73adcef5436","block_type":"box","text":"exceed, which includes anything used for performance fee calculation","page_number":14,"box":{"x":127,"y":727,"width":474,"height":10}},{"id":"ed683151-acfc-42c1-b297-d2b7af2b6cd0","block_type":"box","text":"2.","page_number":14,"box":{"x":67,"y":756,"width":11,"height":8}},{"id":"04b50414-7d3c-453f-babe-42964cd5dcc1","block_type":"box","text":"A constraint","page_number":14,"box":{"x":131,"y":756,"width":88,"height":8}},{"id":"9efcc1c0-f61e-42c0-8702-b4001a5558f8","block_type":"box","text":"-","page_number":14,"box":{"x":221,"y":760,"width":4,"height":1}},{"id":"29584006-1d70-44f4-86d1-f888d4b410cb","block_type":"box","text":"an index or similar factor that fund managers use to limit or constrain how they construct a fund’s","page_number":14,"box":{"x":233,"y":755,"width":703,"height":11}},{"id":"7cb240d7-d8a7-4078-ab71-9c39a81ea843","block_type":"box","text":"portfolio","page_number":14,"box":{"x":128,"y":770,"width":58,"height":10}},{"id":"2e092c35-5647-4a7c-9bcd-123de4db93a6","block_type":"box","text":"3.","page_number":14,"box":{"x":67,"y":799,"width":16,"height":8}},{"id":"614b4a42-ca2e-4bd5-b27c-e83eba467df9","block_type":"box","text":"A comparator","page_number":14,"box":{"x":127,"y":799,"width":101,"height":10}},{"id":"3fe190c6-e50b-43eb-8d98-520c0bbd18b7","block_type":"box","text":"-","page_number":14,"box":{"x":233,"y":804,"width":4,"height":0}},{"id":"4c3e1c53-6bc5-4ca6-9256-2543f747fe0f","block_type":"box","text":"an index or similar factor against which a fund manager invites investors to compare a fund’s","page_number":14,"box":{"x":245,"y":799,"width":691,"height":10}},{"id":"c30c730e-7d4b-4b22-97b8-7bbebf109311","block_type":"box","text":"performance","page_number":14,"box":{"x":128,"y":813,"width":87,"height":11}},{"id":"a0975c45-c11b-485a-b3bc-42fd55566e31","block_type":"box","text":"The Sub","page_number":14,"box":{"x":66,"y":842,"width":54,"height":8}},{"id":"8b722a31-814b-4b99-b3be-e4f581166e97","block_type":"box","text":"-","page_number":14,"box":{"x":121,"y":847,"width":4,"height":1}},{"id":"7c33ebdb-aade-48c2-aff5-f641a7818255","block_type":"box","text":"fund does not have a performance target and is not constrained by any index, IA sector or similar factor.","page_number":14,"box":{"x":126,"y":842,"width":708,"height":10}},{"id":"5524793e-30ad-4fc9-9648-b48cea0ef790","block_type":"box","text":"The IA (Investment Association) Flexible Investment Sector is used as the comparator. This is considered appropriate for","page_number":14,"box":{"x":66,"y":871,"width":870,"height":10}},{"id":"a9798f79-7187-485c-9558-a92d7606bfc4","block_type":"box","text":"investors to use when comparing performance as the sector is made up of funds which","page_number":14,"box":{"x":67,"y":885,"width":626,"height":11}},{"id":"fc7aef8e-b09b-4dff-8149-7b8f99489786","block_type":"box","text":"have diverse objectives and asset","page_number":14,"box":{"x":698,"y":885,"width":239,"height":11}},{"id":"b5bccc43-581d-44da-9c31-fb9723e6c512","block_type":"box","text":"allocations as defined by the IA. The sector is not constructed as an Index, therefore as funds enter or leave the sector","page_number":14,"box":{"x":67,"y":900,"width":869,"height":10}},{"id":"d80716fa-81d9-4226-8fbe-38fc676ea700","block_type":"box","text":"composition can change, but it is considered that the sector remains a useful and relevant comparato","page_number":14,"box":{"x":67,"y":914,"width":702,"height":11}},{"id":"5c3985d3-4fbf-4025-a745-449069c5ce45","block_type":"box","text":"r for investors to assess","page_number":14,"box":{"x":771,"y":914,"width":166,"height":9}},{"id":"908752c5-8e60-4729-8c58-2743ccba846a","block_type":"box","text":"performance within a relevant peer group.","page_number":14,"box":{"x":67,"y":929,"width":289,"height":10}},{"id":"575a3c30-7327-4580-9c41-07c598ce4d62","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":14,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"2826b151-dc8b-4427-9a27-46c655215a98","block_type":"box","text":"MGTS IDAD Fund","page_number":15,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"a00dd616-e26c-483b-ac70-6bd0733332c7","block_type":"box","text":"-","page_number":15,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"1ab7d5d9-3411-44a4-a266-8145482dcba5","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":15,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"5939e6e8-7b10-47b7-ba5e-083523ed432b","block_type":"box","text":"-","page_number":15,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"a8377979-0fb2-48d9-97ae-211f4c8cc4b0","block_type":"box","text":"fo","page_number":15,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"fd08dc45-9a6b-43b4-bfc2-0bda29f6162b","block_type":"box","text":"for the p","page_number":15,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"239203ff-525d-4060-becb-7dbb2e8eacc8","block_type":"box","text":"period","page_number":15,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"f563bd29-8e70-40be-af8b-2d4e0f0dcfd8","block_type":"box","text":"ended","page_number":15,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"79af2b11-e8d4-4a8e-bbbf-136dc1cce03b","block_type":"box","text":"30 June 2026","page_number":15,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"8006f973-5527-4e25-ad79-e33bf46cbde3","block_type":"box","text":"12","page_number":15,"box":{"x":67,"y":972,"width":16,"height":8}},{"id":"080bded8-98df-4008-8fe5-3c7342309d6d","block_type":"box","text":"Margetts Fund Management Limited","page_number":15,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"5666e1f4-5683-4855-91f2-662a79212a83","block_type":"box","text":"Investment Manager’s Report","page_number":15,"box":{"x":68,"y":68,"width":331,"height":17}},{"id":"2a1f6d93-064e-4028-a7d4-c1f23f714482","block_type":"box","text":"(continued)","page_number":15,"box":{"x":407,"y":68,"width":127,"height":17}},{"id":"98144efb-889b-4f70-b7b6-3c3a8fc73d06","block_type":"box","text":"Investment Review","page_number":15,"box":{"x":68,"y":106,"width":185,"height":11}},{"id":"278c8a18-e797-421d-807d-0a2b840770ef","block_type":"box","text":"Source: Morningstar.","page_number":15,"box":{"x":66,"y":173,"width":147,"height":9}},{"id":"9a7b4d3e-44d9-48d0-bfa0-4a0b612cf20a","block_type":"box","text":"Performance is bid to bid with income reinvested.","page_number":15,"box":{"x":214,"y":172,"width":333,"height":10}},{"id":"8f15d7dd-91ab-4ebd-b1d9-8193a3c833f8","block_type":"box","text":"Benchmarks","page_number":15,"box":{"x":68,"y":204,"width":117,"height":12}},{"id":"4e6c44e5-e0ec-4f33-8075-2798eeeb42b8","block_type":"box","text":"IA Flexible Investment","page_number":15,"box":{"x":77,"y":223,"width":149,"height":8}},{"id":"a70bd46b-ee96-4658-950e-527b38185a0a","block_type":"box","text":"7","page_number":15,"box":{"x":573,"y":224,"width":7,"height":7}},{"id":"78f3c6e7-7542-4397-907b-04a7a930314b","block_type":"box","text":".","page_number":15,"box":{"x":582,"y":230,"width":2,"height":1}},{"id":"653e57e0-0e1e-4c4d-a6c7-70be6c5c7a0a","block_type":"box","text":"9","page_number":15,"box":{"x":586,"y":224,"width":7,"height":7}},{"id":"381075d0-4013-4c11-971a-4e7a887ad44f","block_type":"box","text":"0%","page_number":15,"box":{"x":594,"y":224,"width":24,"height":8}},{"id":"6da16678-8e6d-4aa9-8435-4b3034d59f28","block_type":"box","text":"Source: Morningstar. Performance is bid to bid with income reinvested.","page_number":15,"box":{"x":66,"y":252,"width":480,"height":11}},{"id":"053103c0-c323-437e-a280-0498aafc36b0","block_type":"box","text":"Market Review","page_number":15,"box":{"x":67,"y":281,"width":104,"height":9}},{"id":"b1e74d35-607b-4fd8-acc7-ed00eea20fdf","block_type":"box","text":"The first half of 2026 was a very strong period for the MGTS IDAD Future Wealth Fund","page_number":15,"box":{"x":66,"y":298,"width":580,"height":10}},{"id":"5b3e228b-07ea-4dba-b5ef-7a5204b84d06","block_type":"box","text":"(the “Fund","page_number":15,"box":{"x":652,"y":298,"width":70,"height":10}},{"id":"639362b2-a5e7-451f-ab14-a637bd358540","block_type":"box","text":"”).","page_number":15,"box":{"x":724,"y":298,"width":15,"height":10}},{"id":"41b6b658-687d-434b-be73-706c48b0bf16","block_type":"box","text":"The Fund returned +22.","page_number":15,"box":{"x":744,"y":298,"width":158,"height":8}},{"id":"27a264de-f327-4dc6-b2b7-33b8c1e237ac","block_type":"box","text":"94","page_number":15,"box":{"x":905,"y":299,"width":16,"height":7}},{"id":"01898677-e152-4188-b243-7d101fedd3c0","block_type":"box","text":"%","page_number":15,"box":{"x":921,"y":298,"width":16,"height":9}},{"id":"bcadd83f-245f-40ea-ad83-a175fca5750b","block_type":"box","text":"for the A Acc share class and +22.","page_number":15,"box":{"x":66,"y":315,"width":235,"height":8}},{"id":"e406ab10-79ab-4857-9356-31a88db8b6f1","block_type":"box","text":"62","page_number":15,"box":{"x":303,"y":315,"width":15,"height":8}},{"id":"668d97ea-c0f1-44c1-9029-843439a9a57b","block_type":"box","text":"%","page_number":15,"box":{"x":320,"y":315,"width":16,"height":8}},{"id":"827323b2-67a6-40c3-8799-5cf20dd2c602","block_type":"box","text":"for the R Acc share class, materially ahead of the IA Flexible Investment sector, which","page_number":15,"box":{"x":337,"y":315,"width":599,"height":10}},{"id":"65c161c3-98ab-4d4c-b8a9-82f8d6b4d6d7","block_type":"box","text":"returned +","page_number":15,"box":{"x":67,"y":331,"width":71,"height":9}},{"id":"7808b2b9-b35a-43f6-977d-3951cba054af","block_type":"box","text":"7","page_number":15,"box":{"x":139,"y":332,"width":7,"height":8}},{"id":"57c3a682-da6d-4824-85d5-88d1e7cafc06","block_type":"box","text":".","page_number":15,"box":{"x":148,"y":338,"width":2,"height":2}},{"id":"650d2072-e74c-478f-b852-fffcb1bdba66","block_type":"box","text":"90","page_number":15,"box":{"x":152,"y":332,"width":16,"height":8}},{"id":"ae4197b7-d43e-40de-a6e0-678dbe519548","block_type":"box","text":"%","page_number":15,"box":{"x":169,"y":332,"width":11,"height":8}},{"id":"146c20c0-3237-4681-aeb5-ebd954ac3880","block_type":"box","text":"over the same period","page_number":15,"box":{"x":185,"y":331,"width":148,"height":11}},{"id":"8679f541-9464-421f-9040-1bded1a7363f","block_type":"box","text":"(Source:","page_number":15,"box":{"x":334,"y":331,"width":58,"height":11}},{"id":"a53d9d7d-7278-4c08-a91a-9ef0009074ef","block_type":"box","text":"Morningstar","page_number":15,"box":{"x":393,"y":332,"width":84,"height":10}},{"id":"81c4cc89-ac5b-46c7-834f-48ffad9078b7","block_type":"box","text":"0","page_number":15,"box":{"x":481,"y":332,"width":8,"height":8}},{"id":"c50f09c4-61c6-4391-a6d7-c0f2368b15e6","block_type":"box","text":"1.","page_number":15,"box":{"x":490,"y":332,"width":10,"height":8}},{"id":"0f821ac2-edde-48df-baf3-b5b6903ef479","block_type":"box","text":"01","page_number":15,"box":{"x":503,"y":332,"width":14,"height":8}},{"id":"fe977659-510a-4f4f-93cf-afe6ce9c8d17","block_type":"box","text":".202","page_number":15,"box":{"x":519,"y":332,"width":29,"height":8}},{"id":"b481ba7d-8770-47fd-930c-3cbc7c0dd8b3","block_type":"box","text":"6","page_number":15,"box":{"x":550,"y":332,"width":7,"height":8}},{"id":"a4735ff8-35f7-44ba-9315-6721ff114988","block_type":"box","text":"–","page_number":15,"box":{"x":561,"y":336,"width":8,"height":1}},{"id":"3b0f7cc6-55cd-4e64-856f-458d2133f116","block_type":"box","text":"30.06.2026).","page_number":15,"box":{"x":573,"y":331,"width":84,"height":11}},{"id":"9d3c9c78-cf5d-4b06-b2c5-0bbd5708ecd1","block_type":"box","text":"Performance was driven by the areas at","page_number":15,"box":{"x":664,"y":331,"width":273,"height":11}},{"id":"2f183b80-125c-4a04-bd94-b60ae72e72c2","block_type":"box","text":"the heart of the Fund’s","page_number":15,"box":{"x":66,"y":348,"width":182,"height":9}},{"id":"89d0c6fe-883f-42dd-a856-dd47e1c1966b","block_type":"box","text":"long","page_number":15,"box":{"x":255,"y":348,"width":28,"height":11}},{"id":"7c598284-26ae-429f-b916-00b2d6363b2e","block_type":"box","text":"-","page_number":15,"box":{"x":284,"y":353,"width":4,"height":1}},{"id":"54764ba1-92b0-4354-91c6-ba4d5814f328","block_type":"box","text":"term investment case: artificial intelligence infrastructure, semiconductor supply chains,","page_number":15,"box":{"x":289,"y":348,"width":647,"height":11}},{"id":"7231b49a-06bb-4d87-8e7c-9ffb70a72c37","block_type":"box","text":"cybersecurity, robotics and selected areas of healthcare innovation.","page_number":15,"box":{"x":67,"y":365,"width":457,"height":10}},{"id":"2876c0ba-ba5f-46aa-98fd-e248e12d9ee4","block_type":"box","text":"The market environment became increasingly supportive for companies exposed to the","page_number":15,"box":{"x":66,"y":399,"width":592,"height":10}},{"id":"e905ed36-7ec0-4112-a2de-9d31c72d3dc6","block_type":"box","text":"physical and digital infrastructure behind","page_number":15,"box":{"x":659,"y":399,"width":277,"height":10}},{"id":"2231caa8-1749-4694-b7fe-7d3ae8f79946","block_type":"box","text":"AI. Investors continued to reward businesses linked to compute, memory, lithography, data centres, power infrastructure and","page_number":15,"box":{"x":66,"y":415,"width":870,"height":11}},{"id":"bd21acc2-1619-4f50-acf3-9d511af6239d","block_type":"box","text":"cyber resilience, particularly where revenue growth and earnings momentum were already vi","page_number":15,"box":{"x":67,"y":432,"width":626,"height":11}},{"id":"7bcbb9e2-bc13-4b6b-8bec-6c5520e53daf","block_type":"box","text":"sible. This was helpful for the Fund,","page_number":15,"box":{"x":696,"y":432,"width":241,"height":11}},{"id":"9b5b7e71-524a-422c-9eaf-ce50819d01c4","block_type":"box","text":"which has deliberately maintained exposure not just to the “front","page_number":15,"box":{"x":66,"y":449,"width":438,"height":11}},{"id":"44b56412-37c3-4a9b-bf76-1010d0cd7122","block_type":"box","text":"-","page_number":15,"box":{"x":505,"y":454,"width":4,"height":1}},{"id":"adec2404-1c8f-4c23-bfd8-d6b5e8675b1c","block_type":"box","text":"end” of AI, but also to the enabling technologies that sit behind","page_number":15,"box":{"x":510,"y":449,"width":427,"height":11}},{"id":"5b205794-1613-4e97-8719-375705af5941","block_type":"box","text":"it.","page_number":15,"box":{"x":67,"y":466,"width":12,"height":8}},{"id":"8d83bd5f-a458-48bb-8c7f-8000404ad492","block_type":"box","text":"The strongest areas of performance came from semiconductor and AI","page_number":15,"box":{"x":66,"y":500,"width":484,"height":10}},{"id":"f2fec28b-4c68-4646-bad6-823365fa783a","block_type":"box","text":"-","page_number":15,"box":{"x":552,"y":505,"width":4,"height":0}},{"id":"664e78b6-8af3-477d-b902-23d36294fd0a","block_type":"box","text":"related holdings. Micron Technology was the standout","page_number":15,"box":{"x":558,"y":500,"width":378,"height":10}},{"id":"86265f03-a9ab-48fc-8498-c1a7f7c2e6e5","block_type":"box","text":"performer since addition, giving exposure to memory, which we believe is becoming an increasingly important bottleneck in AI","page_number":15,"box":{"x":67,"y":516,"width":869,"height":11}},{"id":"18720bea-530a-4eb1-a864-c95f8a13dd59","block_type":"box","text":"infrastructu","page_number":15,"box":{"x":67,"y":533,"width":78,"height":8}},{"id":"8bc0b605-b395-4dc3-b1c6-44a0f0d2adfb","block_type":"box","text":"re as demand shifts from training alone towards inference, high","page_number":15,"box":{"x":147,"y":533,"width":460,"height":10}},{"id":"15063aeb-e233-4b07-b687-7588d14e9eb9","block_type":"box","text":"-","page_number":15,"box":{"x":609,"y":538,"width":4,"height":1}},{"id":"c8caf5c4-3401-4a4e-8384-9100fec6bd79","block_type":"box","text":"bandwidth memory and more data","page_number":15,"box":{"x":615,"y":533,"width":250,"height":10}},{"id":"03a2983b-aae0-4d17-96e5-6a503870ca78","block_type":"box","text":"-","page_number":15,"box":{"x":867,"y":538,"width":4,"height":1}},{"id":"61d2fb81-ed24-4522-8aa6-fc7baff856c6","block_type":"box","text":"intensive","page_number":15,"box":{"x":872,"y":533,"width":65,"height":8}},{"id":"7f6591dc-9f3e-41a4-b103-0150485a36e5","block_type":"box","text":"workloads.","page_number":15,"box":{"x":66,"y":550,"width":74,"height":8}},{"id":"24a69f76-9e62-46de-8c7f-71f5ade71028","block_type":"box","text":"The Fund also benefited from strong returns in holdings that were already present at the start of the period. The First Trust","page_number":15,"box":{"x":66,"y":583,"width":866,"height":11}},{"id":"c3c52ca5-0389-48f1-adf8-b8301fb6550a","block_type":"box","text":"Bloomberg Global Semiconductor Supply Chain ETF rose 92.47%, while ASML returned 87.22%, both reflecting continued","page_number":15,"box":{"x":67,"y":600,"width":869,"height":11}},{"id":"4d8488b1-5b82-46b6-b3b8-431ab51f837e","block_type":"box","text":"investor demand","page_number":15,"box":{"x":67,"y":617,"width":114,"height":8}},{"id":"7c3f1706-3911-4226-afc9-ceea6a1067a6","block_type":"box","text":"for companies involved in the critical semiconductor manufacturing ecosystem. CrowdStrike also performed","page_number":15,"box":{"x":188,"y":617,"width":748,"height":10}},{"id":"91cc1e3c-6456-464f-bfe5-d6aaf78808ae","block_type":"box","text":"strongly, rising 62.93%, as cybersecurity remains a core requirement for a more digital, cloud","page_number":15,"box":{"x":67,"y":634,"width":639,"height":10}},{"id":"726150fe-6cae-495e-aee7-6b433bb93886","block_type":"box","text":"-","page_number":15,"box":{"x":708,"y":639,"width":4,"height":1}},{"id":"db62b831-c76e-43c7-a9a0-fe06c7518834","block_type":"box","text":"based and AI","page_number":15,"box":{"x":714,"y":634,"width":86,"height":8}},{"id":"b57f3816-9ea2-4fe3-8ca1-68fddd20b568","block_type":"box","text":"-","page_number":15,"box":{"x":803,"y":639,"width":4,"height":1}},{"id":"d1ccb818-b54c-4db2-91f4-0fd71b7cec01","block_type":"box","text":"enabled economy.","page_number":15,"box":{"x":808,"y":634,"width":129,"height":10}},{"id":"67d57fa2-585d-4196-959b-01f333c03e59","block_type":"box","text":"Broader AI exposure was p","page_number":15,"box":{"x":67,"y":651,"width":177,"height":10}},{"id":"dbe0c965-a8c7-41ac-b150-2dd9becc2c60","block_type":"box","text":"ositive too, with the Xtrackers Artificial Intelligence and Big Data ETF returning 35.30% and the Amundi","page_number":15,"box":{"x":245,"y":651,"width":691,"height":10}},{"id":"716725e6-78d3-4871-a482-545ba7bcc157","block_type":"box","text":"MSCI Robotics & AI ETF rising 25.46%.","page_number":15,"box":{"x":67,"y":668,"width":255,"height":10}},{"id":"6de00b56-361c-42cc-a58e-e100b23fc9f8","block_type":"box","text":"Cybersecurity and digital infrastructure were further contributors, with the First Trust Nasdaq Cybersecurity ETF up 28.26%.","page_number":15,"box":{"x":67,"y":701,"width":828,"height":11}},{"id":"8e7c75e6-74bc-4122-b9d3-b0caf692ce26","block_type":"box","text":"Clean","page_number":15,"box":{"x":896,"y":701,"width":41,"height":9}},{"id":"104e0d08-5211-4de2-8ee6-e3ffbb870eb2","block_type":"box","text":"infrastructure and mobility exposures were also helpful, including the iShares Global Clean Energy Transition ETF, which rose","page_number":15,"box":{"x":67,"y":718,"width":864,"height":10}},{"id":"7f1eae23-799d-40b1-9910-7fca471ab4ce","block_type":"box","text":"26.77%, and the Xtrackers Future Mobility ETF, which returned 26.18%. The iShares Digital Entertainment and Education ETF","page_number":15,"box":{"x":67,"y":735,"width":869,"height":10}},{"id":"64c420cd-1df2-4e43-95b3-ed4da1324883","block_type":"box","text":"added 24.34%, while the First Trust NYSE Arca Biotechnology ETF returned 21.90% and the Global X Blockchain ETF rose 19.53%.","page_number":15,"box":{"x":67,"y":751,"width":869,"height":11}},{"id":"12b172f9-b6eb-4d11-926a-6a9b6ee87c44","block_type":"box","text":"These re","page_number":15,"box":{"x":66,"y":768,"width":60,"height":9}},{"id":"d87ba271-fe26-4545-9dd3-4b729f122c60","block_type":"box","text":"turns underline the breadth of the Fund’s exposure: while AI and semiconductors were the dominant drivers, the","page_number":15,"box":{"x":127,"y":768,"width":809,"height":11}},{"id":"a839f6e2-0e10-4692-ba79-d950fdd6275b","block_type":"box","text":"portfolio was not reliant on one narrow theme.","page_number":15,"box":{"x":67,"y":785,"width":319,"height":10}},{"id":"213a7f5f-4bd3-421c-a780-30742dfb7349","block_type":"box","text":"There were also areas of weakness. KraneShares China Internet fell 28.02%, reflecting a more difficult period for Chinese int","page_number":15,"box":{"x":66,"y":819,"width":829,"height":10}},{"id":"1c7d7020-3aa0-4b4c-8f16-988155a49a8f","block_type":"box","text":"ernet","page_number":15,"box":{"x":897,"y":820,"width":40,"height":7}},{"id":"6faa2e07-a552-46d4-be25-063afe054031","block_type":"box","text":"and consumer technology exposure. Nu Holdings and MercadoLibre were also weaker, falling 19.83% and 15.04% respectively,","page_number":15,"box":{"x":67,"y":835,"width":869,"height":11}},{"id":"27d7fa9a-bf52-4a5c-afe8-2a38c928a577","block_type":"box","text":"desp","page_number":15,"box":{"x":67,"y":852,"width":31,"height":11}},{"id":"4c3a35e2-f1e8-4608-a5ef-ebe6882f471f","block_type":"box","text":"ite both remaining businesses with attractive long","page_number":15,"box":{"x":100,"y":852,"width":351,"height":11}},{"id":"7c8e4c4e-da3f-40cb-94c9-812ec1335133","block_type":"box","text":"-","page_number":15,"box":{"x":452,"y":857,"width":4,"height":1}},{"id":"ad5044b9-74de-4297-8eb9-e0a4b23e30e6","block_type":"box","text":"term growth prospects in digital finance and online commerce. The","page_number":15,"box":{"x":457,"y":852,"width":479,"height":11}},{"id":"cc94944a-bed6-430e-b72c-7bbff3977832","block_type":"box","text":"VanEck Video Gaming and eSports ETF declined 12.51%, while Madrigal Pharmaceuticals fell 6.47% and the VanEck Uranium and","page_number":15,"box":{"x":66,"y":869,"width":870,"height":11}},{"id":"4f199252-832e-40e6-87da-451d1681a143","block_type":"box","text":"Nuclear Technolog","page_number":15,"box":{"x":67,"y":886,"width":125,"height":10}},{"id":"a74ae227-3eb0-4c6b-a341-fa6e3f932490","block_type":"box","text":"ies ETF","page_number":15,"box":{"x":193,"y":886,"width":50,"height":8}},{"id":"c065fefa-a2d3-47db-8feb-8279c89cb9c7","block_type":"box","text":"were","page_number":15,"box":{"x":243,"y":888,"width":33,"height":6}},{"id":"2fda882b-e6a0-4d75-9a07-dec21935a0eb","block_type":"box","text":"slightly negative.","page_number":15,"box":{"x":281,"y":886,"width":112,"height":10}},{"id":"483885e2-3f42-47bd-acf5-fc1f43c4867e","block_type":"box","text":"These detractors were more than offset by the strength in semiconductors, AI infrastructure and cybersecurity, but they remai","page_number":15,"box":{"x":66,"y":920,"width":856,"height":10}},{"id":"07ed95bc-6fa0-4907-bdb5-4166cbc58659","block_type":"box","text":"n","page_number":15,"box":{"x":925,"y":922,"width":12,"height":6}},{"id":"c4f0a3b1-4193-4976-a7e3-f7912df2a821","block_type":"box","text":"a reminder that innovation investing is rarely linear and individual themes can move out of phase with one another.","page_number":15,"box":{"x":67,"y":936,"width":783,"height":11}},{"id":"95e1bda0-2654-474c-906a-38e3c81e86db","block_type":"box","text":"MGTS IDAD Future Wealth Fund R Acc","page_number":15,"box":{"x":77,"y":126,"width":258,"height":8}},{"id":"f7b75249-44c3-449f-a1f2-582d80492c2f","block_type":"box","text":"2","page_number":15,"box":{"x":565,"y":126,"width":6,"height":8}},{"id":"d1a02ed3-66f5-401a-a58a-eeaaee0c1db4","block_type":"box","text":"2","page_number":15,"box":{"x":573,"y":126,"width":7,"height":8}},{"id":"c2478057-8e7e-4298-bb00-0a14373d1ac7","block_type":"box","text":".","page_number":15,"box":{"x":582,"y":133,"width":2,"height":1}},{"id":"399f1323-6ad2-4aa9-9a0d-534450ab1b33","block_type":"box","text":"62","page_number":15,"box":{"x":586,"y":126,"width":15,"height":8}},{"id":"4cddf61a-1acf-4bbf-b655-ab9da2fc6cc9","block_type":"box","text":"%","page_number":15,"box":{"x":603,"y":126,"width":15,"height":8}},{"id":"bc7dc671-8788-4d5d-8d86-da7e240eb005","block_type":"box","text":"MGTS IDAD Future Wealth Fund A Acc","page_number":15,"box":{"x":77,"y":140,"width":259,"height":9}},{"id":"87361b6c-cbcb-4c5c-8b55-af9ad326767c","block_type":"box","text":"2","page_number":15,"box":{"x":565,"y":141,"width":6,"height":8}},{"id":"fc85f83b-e016-46e6-80a0-009f4f63e173","block_type":"box","text":"2","page_number":15,"box":{"x":573,"y":141,"width":7,"height":8}},{"id":"1bdbb5b4-a1cd-448f-9beb-4b367df94439","block_type":"box","text":".","page_number":15,"box":{"x":582,"y":147,"width":2,"height":2}},{"id":"b059914f-a8ff-40af-8dec-a9b5f2c04521","block_type":"box","text":"94","page_number":15,"box":{"x":586,"y":141,"width":16,"height":8}},{"id":"e5b8a360-d9cb-4a16-a33a-234be5e85331","block_type":"box","text":"%","page_number":15,"box":{"x":603,"y":141,"width":15,"height":8}},{"id":"f109d31a-0e54-4c3f-8207-013efcf516c7","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":15,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"86ed5c56-5eee-4a06-8bbc-469b064514d2","block_type":"box","text":"MGTS IDAD Fund","page_number":16,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"4cfd5b73-27f6-4f6d-bf11-13575d747ca8","block_type":"box","text":"-","page_number":16,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"274b01c7-58ba-4484-b174-8de52a16e3f9","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":16,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"76fbce2a-b37f-4b3d-9d7d-255b03300100","block_type":"box","text":"-","page_number":16,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"3b73e9a2-6b77-4af9-bc19-94162862f074","block_type":"box","text":"fo","page_number":16,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"3057de7f-40dd-4f6b-9b05-9725a2254ade","block_type":"box","text":"for the p","page_number":16,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"541d90f8-c4bf-463d-ac31-a26b6cb39daf","block_type":"box","text":"period","page_number":16,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"dae4851b-b5c2-4faf-82cb-ee6d48955cc9","block_type":"box","text":"ended","page_number":16,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"d4569582-7aca-40e7-8dd3-e1d0b6a3a863","block_type":"box","text":"30 June 2026","page_number":16,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"3cc629c7-f7d2-4872-b1cd-e148385d0987","block_type":"box","text":"13","page_number":16,"box":{"x":67,"y":972,"width":15,"height":8}},{"id":"03e7b0cb-d44d-46d9-b8f4-16bb1adf349c","block_type":"box","text":"Margetts Fund Management Limited","page_number":16,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"6ba4d452-26ab-4a40-89e8-4e867a161e2c","block_type":"box","text":"Investment Manager’s Report","page_number":16,"box":{"x":68,"y":68,"width":331,"height":17}},{"id":"f1361670-bf95-4a82-8e65-447ed9d9d902","block_type":"box","text":"(continued)","page_number":16,"box":{"x":407,"y":68,"width":127,"height":17}},{"id":"14d67bd8-44b7-46f0-acfd-e015ec4dba93","block_type":"box","text":"Strategy","page_number":16,"box":{"x":67,"y":103,"width":57,"height":10}},{"id":"6870d1dd-2668-4e6f-91ba-5ddae50f25ef","block_type":"box","text":"Our long","page_number":16,"box":{"x":67,"y":120,"width":59,"height":10}},{"id":"d2e0cb3e-d201-4b1f-b3b9-1389fa718b27","block_type":"box","text":"-","page_number":16,"box":{"x":127,"y":125,"width":4,"height":1}},{"id":"675c19e0-0903-4ee9-87d5-016c90e9951b","block_type":"box","text":"term strategy remains unchanged: to invest in the companies and sectors building the infrastructure of tomorrow’s","page_number":16,"box":{"x":132,"y":120,"width":804,"height":10}},{"id":"32958d9f-7035-4ddc-bc41-020ea7ff785a","block_type":"box","text":"economy. The Fund continues to allocate across a diversified range of structural growth themes, including AI compute,","page_number":16,"box":{"x":67,"y":137,"width":869,"height":10}},{"id":"20688368-e4e5-4292-9033-e9bd4a081a68","block_type":"box","text":"semiconductor s","page_number":16,"box":{"x":67,"y":154,"width":112,"height":8}},{"id":"debc0f95-a67c-4b61-a88d-2d2bf26fd4a9","block_type":"box","text":"upply chains, cybersecurity, digital entertainment, online consumption, healthcare innovation, electrification,","page_number":16,"box":{"x":181,"y":153,"width":755,"height":11}},{"id":"8858d8d7-8bf6-461c-a96a-77aa0a2190a6","block_type":"box","text":"future mobility and energy infrastructure.","page_number":16,"box":{"x":66,"y":170,"width":282,"height":11}},{"id":"dcd161ae-dc14-4dd4-970b-daf6d8b76ac9","block_type":"box","text":"During the period, we added Micron Technology,","page_number":16,"box":{"x":67,"y":204,"width":339,"height":10}},{"id":"4d8d3b38-8711-4fd4-b27f-c5f3cb8a586f","block_type":"box","text":"nV","page_number":16,"box":{"x":408,"y":204,"width":17,"height":8}},{"id":"0c03b234-61ef-4cb5-ab57-9b20527c4a0f","block_type":"box","text":"ent Electric and the Xtrackers Electric Tech Grid ETF. These additions were","page_number":16,"box":{"x":425,"y":204,"width":511,"height":8}},{"id":"3c6f2bc4-1915-42da-9756-f835f5b9e7ab","block_type":"box","text":"designed to strengthen the Fund’s exposure to the physical infrastructure layer of AI and electrification. Micron gives the F","page_number":16,"box":{"x":67,"y":220,"width":837,"height":11}},{"id":"792784df-9cf6-4459-a393-91245171e4e8","block_type":"box","text":"und","page_number":16,"box":{"x":907,"y":221,"width":30,"height":8}},{"id":"6e316e24-2c5c-475f-a9b3-debe8c81168f","block_type":"box","text":"direct exposure to memory, an increasingly importan","page_number":16,"box":{"x":67,"y":237,"width":378,"height":11}},{"id":"c423aece-ed3a-4d60-9c80-682d2b52c8a7","block_type":"box","text":"t part of the AI supply chain. nVent provides exposure to electrical","page_number":16,"box":{"x":447,"y":237,"width":489,"height":11}},{"id":"cac73e56-e551-4531-899b-9db50c7b3404","block_type":"box","text":"infrastructure, data","page_number":16,"box":{"x":67,"y":254,"width":132,"height":10}},{"id":"aa3fe6e5-e099-48e9-8157-2e9d0dc4629e","block_type":"box","text":"-","page_number":16,"box":{"x":201,"y":259,"width":4,"height":1}},{"id":"89cda1f7-4f1f-473f-b0f8-695cff3c48aa","block_type":"box","text":"centre power management and the broader investment cycle in grid and industrial electrification. The","page_number":16,"box":{"x":207,"y":254,"width":729,"height":11}},{"id":"ef0fd040-ffe3-462c-b81d-d3ea268a8f71","block_type":"box","text":"Xtrackers Electr","page_number":16,"box":{"x":66,"y":271,"width":108,"height":8}},{"id":"414ec496-ea42-448c-9eda-f5206912e600","block_type":"box","text":"ic Tech Grid ETF broadens this exposure across companies involved in the modernisation and expansion of","page_number":16,"box":{"x":175,"y":271,"width":761,"height":10}},{"id":"3feb26a0-1e2d-47fc-81d2-d5a20fb28481","block_type":"box","text":"electricity networks. These are areas where we see strong multi","page_number":16,"box":{"x":67,"y":288,"width":429,"height":10}},{"id":"4be16558-0fdf-4179-a0a1-938417dccc99","block_type":"box","text":"-","page_number":16,"box":{"x":498,"y":293,"width":4,"height":0}},{"id":"08e1826a-b6f7-42f0-976f-ca85ac053622","block_type":"box","text":"year demand, supported by AI, reshoring, energy transition and","page_number":16,"box":{"x":503,"y":288,"width":433,"height":10}},{"id":"d607e4b0-fcad-45d5-829c-5c2d3b3e0db9","block_type":"box","text":"the need for more resilie","page_number":16,"box":{"x":66,"y":305,"width":168,"height":8}},{"id":"103bfbdd-9071-41f9-be50-8a14b0518735","block_type":"box","text":"nt power systems.","page_number":16,"box":{"x":236,"y":306,"width":121,"height":9}},{"id":"e0badb6e-6c02-4f50-b9d6-f74c90e792d4","block_type":"box","text":"We also increased exposure to the semiconductor supply chain, where we believe the investment case remains strong despite","page_number":16,"box":{"x":67,"y":338,"width":869,"height":11}},{"id":"e90760b8-3d95-420a-b33c-61e3388e8dd2","block_type":"box","text":"substantial share price gains. ASML and the First Trust Semiconductor Supply Chain ETF remain central holdings, reflecting th","page_number":16,"box":{"x":67,"y":355,"width":855,"height":10}},{"id":"05c33c31-5b0b-4907-82a3-6c5b53424213","block_type":"box","text":"e","page_number":16,"box":{"x":925,"y":358,"width":12,"height":5}},{"id":"4396d2df-14a2-4224-a077-ece7b5172b71","block_type":"box","text":"view th","page_number":16,"box":{"x":66,"y":372,"width":49,"height":8}},{"id":"edc42f6c-3528-4561-9f6f-fe11927741c4","block_type":"box","text":"at AI demand is increasingly dependent on the less visible but essential parts of the ecosystem: lithography, memory, chip","page_number":16,"box":{"x":116,"y":372,"width":820,"height":10}},{"id":"ecc59fda-03cf-4285-aaa6-b96b559c0570","block_type":"box","text":"equipment, data","page_number":16,"box":{"x":67,"y":389,"width":111,"height":10}},{"id":"5a40384b-a6dd-4a10-bf2d-e20effe936c7","block_type":"box","text":"-","page_number":16,"box":{"x":180,"y":394,"width":4,"height":0}},{"id":"59425418-a035-4e7e-aaf8-4f143d0ceed7","block_type":"box","text":"centre hardware and supply","page_number":16,"box":{"x":185,"y":389,"width":190,"height":10}},{"id":"b9a701df-ccc4-46b5-8f89-056ae496c6e2","block_type":"box","text":"-","page_number":16,"box":{"x":375,"y":394,"width":4,"height":0}},{"id":"88f097ed-854f-40fe-bd00-8c4f1689c41a","block_type":"box","text":"chain capacity. This remains one of the Fund’s highest","page_number":16,"box":{"x":381,"y":389,"width":363,"height":10}},{"id":"1b01e280-db76-44a1-8cf0-0b7981f6c21e","block_type":"box","text":"-","page_number":16,"box":{"x":745,"y":394,"width":4,"height":0}},{"id":"08bc1c24-983b-4b96-8794-f3d81157c95a","block_type":"box","text":"conviction areas.","page_number":16,"box":{"x":750,"y":389,"width":113,"height":8}},{"id":"e0ad664d-d4d4-4861-8023-e08f9b7c761c","block_type":"box","text":"At the same time, we reduced some positions where volatility had increased or where we wanted to recycle capital into higher","page_number":16,"box":{"x":66,"y":422,"width":862,"height":10}},{"id":"adf3106d-006f-447a-8007-705cbdb4e730","block_type":"box","text":"conviction infrastructure themes. This included lower weights in China","page_number":16,"box":{"x":67,"y":439,"width":486,"height":10}},{"id":"238e2da3-77be-4860-8f88-09cd33433198","block_type":"box","text":"internet, cloud computing, Nu Holdings, MercadoLibre,","page_number":16,"box":{"x":555,"y":439,"width":381,"height":10}},{"id":"1f4da55c-d583-495e-b9a8-776f70071761","block_type":"box","text":"uranium and video gaming. We have not abandoned these themes, but we have sought to rebalance the portfolio towards areas","page_number":16,"box":{"x":67,"y":456,"width":869,"height":10}},{"id":"a9158279-b543-4b65-a7a8-b381cdf5e83d","block_type":"box","text":"where demand is being supported by clearer capital expenditure, stronger earning","page_number":16,"box":{"x":66,"y":473,"width":567,"height":10}},{"id":"c356d5e5-2f46-4e8b-810b-8224314e2ba2","block_type":"box","text":"s visibility and more immediate evidence of","page_number":16,"box":{"x":634,"y":473,"width":302,"height":10}},{"id":"72b12944-dd29-4502-a92e-19f911d11858","block_type":"box","text":"adoption.","page_number":16,"box":{"x":67,"y":489,"width":64,"height":11}},{"id":"2d05bc42-0633-4b2e-93b2-00f422acc173","block_type":"box","text":"Healthcare innovation also remains an important part of the strategy. Biotechnology and healthcare innovation had a mixed","page_number":16,"box":{"x":67,"y":523,"width":869,"height":10}},{"id":"3aefc7a1-f493-4498-93ed-2da517450e4e","block_type":"box","text":"period, but we continue to see long","page_number":16,"box":{"x":67,"y":540,"width":240,"height":10}},{"id":"b2043136-32c8-40fc-b089-40fc1b8b422f","block_type":"box","text":"-","page_number":16,"box":{"x":309,"y":545,"width":4,"height":1}},{"id":"4f6d949f-9857-44fb-89ba-c20053fc9917","block_type":"box","text":"term opportunity in areas where","page_number":16,"box":{"x":313,"y":540,"width":226,"height":10}},{"id":"238037ee-d448-4eed-ad93-5bcbbbb66152","block_type":"box","text":"scientific progress, ageing populations and unmet medical","page_number":16,"box":{"x":539,"y":540,"width":397,"height":10}},{"id":"039b759c-9e2b-43c6-a95a-3f9f8566d12a","block_type":"box","text":"needs can drive significant value creation. Madrigal Pharmaceuticals was weaker over the period, but the broader healthcare","page_number":16,"box":{"x":67,"y":557,"width":869,"height":10}},{"id":"8e3a839d-d241-4b62-aee5-77c166ee0fec","block_type":"box","text":"innovation and biotechnology allocations provided useful diversification a","page_number":16,"box":{"x":67,"y":573,"width":522,"height":11}},{"id":"e9a16dc5-8b73-405d-bbc6-67c05c1bc619","block_type":"box","text":"nd remain part of the Fund’s long","page_number":16,"box":{"x":592,"y":573,"width":246,"height":11}},{"id":"faf8ba0d-84f8-4024-acc0-fa0bdf951133","block_type":"box","text":"-","page_number":16,"box":{"x":839,"y":578,"width":4,"height":1}},{"id":"2c928bee-420a-4245-a19c-082690cfb00a","block_type":"box","text":"term growth","page_number":16,"box":{"x":844,"y":574,"width":93,"height":10}},{"id":"72a12a79-c9b6-4cb9-98b7-8ace1a418afe","block_type":"box","text":"framework.","page_number":16,"box":{"x":66,"y":590,"width":78,"height":9}},{"id":"bc3a1289-ca86-4290-b9ce-7e98eeb7db5d","block_type":"box","text":"Looking forward, we believe the Fund remains well positioned. The first half of 2026 demonstrated that the market is increasi","page_number":16,"box":{"x":67,"y":624,"width":836,"height":10}},{"id":"cfe60c6f-3d6e-4922-9c89-08e5240f72b4","block_type":"box","text":"ngly","page_number":16,"box":{"x":906,"y":624,"width":31,"height":10}},{"id":"ac9ca1e1-6665-4896-b5fe-27775a1f6ba4","block_type":"box","text":"distinguishing between speculative innovation and areas where real investment, revenues and earnings are coming through.","page_number":16,"box":{"x":67,"y":640,"width":869,"height":11}},{"id":"5a106c44-f029-4bdc-9883-90d7e6e24a95","block_type":"box","text":"That","page_number":16,"box":{"x":66,"y":657,"width":35,"height":9}},{"id":"cfddcb72-eb80-46db-b430-3d2c92a59d38","block_type":"box","text":"is supportive for our approach. We continue to believe that AI is still in the early stages of reshaping the global economy,","page_number":16,"box":{"x":102,"y":657,"width":834,"height":11}},{"id":"b7a85fd1-463a-42d4-86df-ce88f74a0be5","block_type":"box","text":"but the opportunity is broadening beyond software and model development into semiconductors, memory, cybersecurity, data","page_number":16,"box":{"x":67,"y":674,"width":859,"height":11}},{"id":"689202af-ef10-452b-bf83-eaca470ed75d","block_type":"box","text":"centre inf","page_number":16,"box":{"x":67,"y":691,"width":65,"height":8}},{"id":"3f7a766f-6980-44c0-b373-ee2df7c90381","block_type":"box","text":"rastructure, electrification and grid investment.","page_number":16,"box":{"x":133,"y":691,"width":319,"height":10}},{"id":"995f96c1-32b9-43bc-9dd4-7fa1d822d061","block_type":"box","text":"The Fund will continue to focus on diversified exposure to these long","page_number":16,"box":{"x":66,"y":725,"width":463,"height":10}},{"id":"f855622f-0654-4c09-b49c-7ec911623fe6","block_type":"box","text":"-","page_number":16,"box":{"x":530,"y":729,"width":4,"height":1}},{"id":"318a3b8c-5a7e-4869-9b62-a017d925aac9","block_type":"box","text":"term themes, while actively managing position sizes where","page_number":16,"box":{"x":535,"y":725,"width":401,"height":10}},{"id":"796b8521-4fe3-447f-85d6-638b5d68998d","block_type":"box","text":"valuations, volatility or near","page_number":16,"box":{"x":66,"y":741,"width":189,"height":11}},{"id":"9e39bee9-97bd-4e01-af5d-2290a5210af0","block_type":"box","text":"-","page_number":16,"box":{"x":255,"y":746,"width":4,"height":1}},{"id":"aeaa1007-8cbd-4ca1-b628-9a1fbb59c463","block_type":"box","text":"term fundamentals change. After a very strong period, we should expect some short","page_number":16,"box":{"x":260,"y":741,"width":569,"height":11}},{"id":"34d368d1-661e-420e-bc38-60db110a97f8","block_type":"box","text":"-","page_number":16,"box":{"x":830,"y":746,"width":4,"height":1}},{"id":"7d4e2855-3c64-4931-b245-6171ab8258d7","block_type":"box","text":"term volatility,","page_number":16,"box":{"x":835,"y":741,"width":95,"height":11}},{"id":"5bfe5722-0c70-4832-9a7c-6566a6db8aed","block_type":"box","text":"y,","page_number":16,"box":{"x":929,"y":748,"width":8,"height":3}},{"id":"f7e44c06-1477-4b40-a30e-bb7b88795e90","block_type":"box","text":"particularly in areas that have risen sharply. However, the structural growth case remains intact. The portfolio is close to","page_number":16,"box":{"x":67,"y":758,"width":835,"height":11}},{"id":"c2d6240c-9fb4-4d2a-8320-e7237abf0900","block_type":"box","text":"fully","page_number":16,"box":{"x":904,"y":758,"width":33,"height":11}},{"id":"8d12a976-3d34-423d-aeda-d631a5419554","block_type":"box","text":"invested and remains focused on companies and industries that we believe are central to the next phase of digital, technolo","page_number":16,"box":{"x":67,"y":775,"width":834,"height":10}},{"id":"881d05b5-b0d6-461a-aaef-0800641e3660","block_type":"box","text":"gical","page_number":16,"box":{"x":903,"y":775,"width":34,"height":10}},{"id":"7092bd12-4f66-4c7f-8c4d-53ac7fe329a6","block_type":"box","text":"and infrastructure development.","page_number":16,"box":{"x":67,"y":792,"width":219,"height":10}},{"id":"1a6f9580-1fa5-44f4-b43b-145edd0ab053","block_type":"box","text":"IDAD Limited","page_number":16,"box":{"x":67,"y":825,"width":88,"height":9}},{"id":"c36bd779-492c-4ed8-9dc6-eb84c558788e","block_type":"box","text":"Investment Manager","page_number":16,"box":{"x":67,"y":840,"width":142,"height":10}},{"id":"a577c28f-9640-405d-8188-521d53a43a07","block_type":"box","text":"21 July 2026","page_number":16,"box":{"x":67,"y":854,"width":83,"height":11}},{"id":"4c6d0108-5226-4e90-af43-23785ab501f8","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":16,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"4ae2f9ab-9ad6-4b95-aea0-771e34cd6327","block_type":"box","text":"MGTS IDAD Fund","page_number":17,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"a9f94d4b-5fc3-4037-8b78-2d4d7a5ea133","block_type":"box","text":"-","page_number":17,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"6b2e2f47-d87d-4e69-8217-400709ecd801","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":17,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"113625e6-0d6d-41b2-8364-5f7110c1ca25","block_type":"box","text":"-","page_number":17,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"b3d09b1b-55a7-488d-ba5a-519af85b8020","block_type":"box","text":"fo","page_number":17,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"5db8dd2b-2141-4a3e-be90-074400d5f027","block_type":"box","text":"for the p","page_number":17,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"cd18a9bb-a041-42f6-bfe1-78be78b7c699","block_type":"box","text":"period","page_number":17,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"45631daf-998a-4e4d-9287-f79e2879ca50","block_type":"box","text":"ended","page_number":17,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"07889dc2-f6c7-46ea-a11b-417b234fd210","block_type":"box","text":"30 June 2026","page_number":17,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"b2d4995a-29cd-442d-9b6d-10996c0f95d3","block_type":"box","text":"14","page_number":17,"box":{"x":67,"y":972,"width":15,"height":8}},{"id":"ac26daf0-ab4a-461f-9dbd-e2567536ff9b","block_type":"box","text":"Margetts Fund Management Limited","page_number":17,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"394c761c-ec80-4c12-91a2-178a9ff256c3","block_type":"box","text":"Portfolio","page_number":17,"box":{"x":68,"y":68,"width":102,"height":14}},{"id":"a2d780c5-a251-41fa-93dd-da0941f1aca5","block_type":"box","text":"S","page_number":17,"box":{"x":171,"y":69,"width":11,"height":13}},{"id":"bb9c0dc7-29be-4c7c-9478-bbfe5785345f","block_type":"box","text":"tatement","page_number":17,"box":{"x":184,"y":70,"width":103,"height":12}},{"id":"c1fb495f-73b0-4409-85d0-a8aefa330e8c","block_type":"box","text":"As at 30 June 2026","page_number":17,"box":{"x":66,"y":90,"width":128,"height":8}},{"id":"4a7edbca-5a91-4dc7-8506-3f2178f9c04e","block_type":"box","text":"%","page_number":17,"box":{"x":788,"y":104,"width":10,"height":7}},{"id":"093432d6-bab8-4017-a775-b55c7616a524","block_type":"box","text":"OF NET ASSETS","page_number":17,"box":{"x":803,"y":104,"width":93,"height":7}},{"id":"b9f7c693-7ea5-4f3b-a668-fe0275daa719","block_type":"box","text":"HOLDING","page_number":17,"box":{"x":115,"y":117,"width":58,"height":7}},{"id":"59576457-7e96-4e24-af5c-aadf9de39655","block_type":"box","text":"INVESTMENT","page_number":17,"box":{"x":192,"y":117,"width":83,"height":7}},{"id":"5ec125d2-72bd-4493-9d49-6e963e21a968","block_type":"box","text":"VALUE (£)","page_number":17,"box":{"x":659,"y":117,"width":62,"height":9}},{"id":"a4773248-6bd2-41ae-bba6-9485e6fd82f9","block_type":"box","text":"30.06.2026","page_number":17,"box":{"x":764,"y":117,"width":69,"height":7}},{"id":"6792b5dd-259b-49fe-a748-14c97f370428","block_type":"box","text":"31.12.2025","page_number":17,"box":{"x":876,"y":117,"width":68,"height":7}},{"id":"1bcce525-aa0b-4ff1-b24b-cc66edc304d1","block_type":"box","text":"COLLECTIVE INVESTMENT SCHEMES","page_number":17,"box":{"x":85,"y":131,"width":223,"height":7}},{"id":"1be531f6-2b70-478a-8203-66445b44fee1","block_type":"box","text":"COMMODITIES AND NATURAL RESOURCES","page_number":17,"box":{"x":192,"y":144,"width":267,"height":7}},{"id":"d6cb4f00-b174-499e-8259-f481ea965b78","block_type":"box","text":"55,194","page_number":17,"box":{"x":132,"y":157,"width":41,"height":8}},{"id":"1ff18575-a433-4e6d-ae09-65a98e25f4f5","block_type":"box","text":"ISHARES GLBL CLEAN ENERGY TRANS UCITS E","page_number":17,"box":{"x":193,"y":157,"width":274,"height":7}},{"id":"723acca5-3f05-40f0-892d-05239fc997a1","block_type":"box","text":"TF","page_number":17,"box":{"x":468,"y":157,"width":14,"height":7}},{"id":"25c561ae-b487-468d-8601-27e3f2b40a20","block_type":"box","text":"500,334","page_number":17,"box":{"x":672,"y":157,"width":49,"height":8}},{"id":"29bce8da-4197-46bc-825e-93562d2c7d26","block_type":"box","text":"4.67","page_number":17,"box":{"x":807,"y":157,"width":26,"height":7}},{"id":"4ddece01-da2a-437c-8853-91bc55a3848c","block_type":"box","text":"TOTAL COMMODITIES AND NATURAL","page_number":17,"box":{"x":192,"y":170,"width":234,"height":7}},{"id":"c8d247ef-cc13-40ce-86d7-f2d89e393797","block_type":"box","text":"RESOURCES","page_number":17,"box":{"x":431,"y":170,"width":72,"height":7}},{"id":"41e65741-0328-4b6c-bb7f-3c41bee9bbaf","block_type":"box","text":"500,334","page_number":17,"box":{"x":672,"y":170,"width":49,"height":8}},{"id":"f1f408b1-0c54-48d8-8db9-e8cba326b4de","block_type":"box","text":"4.67","page_number":17,"box":{"x":806,"y":170,"width":26,"height":7}},{"id":"4f9ce28c-3659-4f9f-b174-f410e79c5360","block_type":"box","text":"4.5","page_number":17,"box":{"x":918,"y":170,"width":18,"height":7}},{"id":"cd8cee4a-6a0e-4197-a1a8-205c89185f65","block_type":"box","text":"4","page_number":17,"box":{"x":937,"y":170,"width":7,"height":7}},{"id":"856f0ee6-d2c6-4a73-925b-493c351da141","block_type":"box","text":"ENERGY","page_number":17,"box":{"x":192,"y":196,"width":50,"height":7}},{"id":"da102e90-311d-4e45-94d5-bcb9477c8059","block_type":"box","text":"11,039","page_number":17,"box":{"x":133,"y":209,"width":40,"height":8}},{"id":"5671ee61-11fa-4320-91be-1ec19bc1aaeb","block_type":"box","text":"VANECK URANIUM AND NUCLEAR TECHNOLOGIES UCITS ETF A","page_number":17,"box":{"x":192,"y":209,"width":398,"height":7}},{"id":"dce16bc7-f7d7-4cfd-9347-de3dcc7a6294","block_type":"box","text":"USD ACC","page_number":17,"box":{"x":193,"y":222,"width":53,"height":7}},{"id":"81e0ae45-bf3b-4ebc-b454-237bc291d297","block_type":"box","text":"447,765","page_number":17,"box":{"x":672,"y":209,"width":49,"height":8}},{"id":"b9c61ca8-eea7-41cd-b13c-5d2ad41b460b","block_type":"box","text":"4.18","page_number":17,"box":{"x":807,"y":209,"width":26,"height":7}},{"id":"4d99d085-f3ba-4f40-a85a-f772a67d8bf2","block_type":"box","text":"TOTAL ENERGY","page_number":17,"box":{"x":192,"y":235,"width":94,"height":7}},{"id":"d2c820b0-2438-4648-855a-947a188c46af","block_type":"box","text":"447,765","page_number":17,"box":{"x":672,"y":235,"width":49,"height":8}},{"id":"edae2cc1-97c6-49ae-9239-5c2371eca6ac","block_type":"box","text":"4.18","page_number":17,"box":{"x":806,"y":235,"width":27,"height":7}},{"id":"37106701-bd73-46e0-b4b9-872349bc1303","block_type":"box","text":"5.","page_number":17,"box":{"x":918,"y":235,"width":10,"height":7}},{"id":"fe92cd62-2f3f-4675-acd1-84475d9afdee","block_type":"box","text":"78","page_number":17,"box":{"x":930,"y":235,"width":14,"height":7}},{"id":"527d2ca4-e3d2-487f-bb56-890ac6c2dfcd","block_type":"box","text":"HEALTHCARE","page_number":17,"box":{"x":192,"y":261,"width":82,"height":7}},{"id":"fed73789-a4d2-4f4d-b885-92ec32064e25","block_type":"box","text":"86,903","page_number":17,"box":{"x":132,"y":274,"width":41,"height":8}},{"id":"47708bf0-2ed6-4105-a4c8-fe6851e2cc40","block_type":"box","text":"ISHARES HEALTHCARE INNOVATION UCITS ETF USD AC","page_number":17,"box":{"x":193,"y":274,"width":333,"height":7}},{"id":"77aec20c-8dc7-43cf-85a5-a333599e8136","block_type":"box","text":"C","page_number":17,"box":{"x":528,"y":274,"width":7,"height":7}},{"id":"3f4d1e8f-592c-4f6e-9704-d76ef03f153f","block_type":"box","text":"62","page_number":17,"box":{"x":672,"y":274,"width":14,"height":7}},{"id":"c2807601-0f90-459e-bbc6-b220ffeacc83","block_type":"box","text":"8","page_number":17,"box":{"x":688,"y":274,"width":6,"height":7}},{"id":"fb42f272-87e9-43dd-ae37-da5d9703497d","block_type":"box","text":",08","page_number":17,"box":{"x":695,"y":274,"width":18,"height":8}},{"id":"507ef56b-a3e8-41c4-8fea-56cebba1edf9","block_type":"box","text":"7","page_number":17,"box":{"x":715,"y":274,"width":6,"height":7}},{"id":"5fb3c470-28ce-43ee-b277-d31d110e6c54","block_type":"box","text":"5.8","page_number":17,"box":{"x":807,"y":274,"width":18,"height":7}},{"id":"5250f69d-39f2-4dcd-9c17-ed6e04964cbe","block_type":"box","text":"5","page_number":17,"box":{"x":826,"y":274,"width":7,"height":7}},{"id":"5a34c434-26c8-4dc0-afef-ee99b61b5554","block_type":"box","text":"TOTAL HEALTHCARE","page_number":17,"box":{"x":192,"y":287,"width":125,"height":7}},{"id":"e75a4e38-a7b6-45ea-b681-bdd19ffa8857","block_type":"box","text":"62","page_number":17,"box":{"x":672,"y":287,"width":14,"height":7}},{"id":"5e4468e9-a44b-42b1-b423-eeab0aab2abe","block_type":"box","text":"8","page_number":17,"box":{"x":687,"y":287,"width":7,"height":7}},{"id":"551e458c-704a-403e-af64-293d61ce4e73","block_type":"box","text":",08","page_number":17,"box":{"x":694,"y":287,"width":19,"height":9}},{"id":"8d9eb681-133c-4a6a-b829-2e7eabe7540a","block_type":"box","text":"7","page_number":17,"box":{"x":714,"y":287,"width":7,"height":7}},{"id":"392621e0-fcc5-4f3e-9ea2-494e866b0180","block_type":"box","text":"5.8","page_number":17,"box":{"x":807,"y":287,"width":18,"height":7}},{"id":"7ecee738-6da6-43e9-988d-98cd6b06643d","block_type":"box","text":"5","page_number":17,"box":{"x":826,"y":287,"width":6,"height":7}},{"id":"0bf67b5e-bcad-46c2-8dc3-456afdddb067","block_type":"box","text":"6.","page_number":17,"box":{"x":918,"y":287,"width":10,"height":7}},{"id":"fdab9867-f2b7-494a-ac41-1e6dd1814a37","block_type":"box","text":"04","page_number":17,"box":{"x":930,"y":287,"width":14,"height":7}},{"id":"3aac69d6-6ed1-4968-aae5-a6c51d83afd8","block_type":"box","text":"NORTH AMERICA","page_number":17,"box":{"x":192,"y":313,"width":108,"height":7}},{"id":"a374c695-9ce3-4a6c-830f-69356e581abf","block_type":"box","text":"28,932","page_number":17,"box":{"x":132,"y":326,"width":41,"height":9}},{"id":"1e5c2d26-95fb-47f8-8483-0fe2b8385260","block_type":"box","text":"FIRST TRUST NYSE ARCA BIOTECHNOLOGY UCITS ETF CLASS A USD","page_number":17,"box":{"x":193,"y":326,"width":396,"height":7}},{"id":"021046f0-0e3e-45f0-a6e7-dd4d86a750f9","block_type":"box","text":"ACC","page_number":17,"box":{"x":192,"y":339,"width":24,"height":7}},{"id":"7782fb71-63fc-4f84-8d67-7666ecb72d89","block_type":"box","text":"661,856","page_number":17,"box":{"x":672,"y":326,"width":49,"height":9}},{"id":"e6ff92d6-1d42-4b72-8b60-b6ff8b053f76","block_type":"box","text":"6.1","page_number":17,"box":{"x":807,"y":326,"width":18,"height":7}},{"id":"da559156-003f-4d4d-bb73-6ba2901aecab","block_type":"box","text":"7","page_number":17,"box":{"x":826,"y":327,"width":7,"height":6}},{"id":"11990a5e-bc2f-4802-ba58-86d3ffd16339","block_type":"box","text":"TOTAL NORTH AMERICA","page_number":17,"box":{"x":192,"y":352,"width":152,"height":7}},{"id":"dffdf592-6921-4757-ab0a-36922061f2fd","block_type":"box","text":"661,856","page_number":17,"box":{"x":672,"y":352,"width":49,"height":9}},{"id":"708f2a05-61ad-43ea-8318-e63f1bc9fb33","block_type":"box","text":"6.1","page_number":17,"box":{"x":807,"y":352,"width":18,"height":7}},{"id":"7ccab684-8889-48fa-9d50-bfbb0d9238fe","block_type":"box","text":"7","page_number":17,"box":{"x":826,"y":352,"width":6,"height":7}},{"id":"502b782e-90c7-4abe-be92-8fd076a3b839","block_type":"box","text":"6.","page_number":17,"box":{"x":918,"y":352,"width":10,"height":7}},{"id":"192da5b5-852f-4977-aa8a-0115083c3ada","block_type":"box","text":"35","page_number":17,"box":{"x":930,"y":352,"width":14,"height":7}},{"id":"e44466df-234e-41e8-adf5-7166c646cc13","block_type":"box","text":"OTHER","page_number":17,"box":{"x":192,"y":379,"width":43,"height":7}},{"id":"92a72dbd-ad6f-4c6d-a85f-99dcd1bbcedb","block_type":"box","text":"40,835","page_number":17,"box":{"x":132,"y":391,"width":41,"height":9}},{"id":"55cc6da7-96b5-4464-b014-0eaec7f923d3","block_type":"box","text":"ISHARES DIGITAL","page_number":17,"box":{"x":193,"y":391,"width":104,"height":8}},{"id":"e1656c39-7c54-4c51-a850-2581ea18eae2","block_type":"box","text":"ENTERTAINMENT AND EDUCATION UCITS ETF","page_number":17,"box":{"x":304,"y":391,"width":286,"height":8}},{"id":"1d8773a6-1f99-455e-98c1-46e30a411c8c","block_type":"box","text":"USD ACC","page_number":17,"box":{"x":193,"y":405,"width":53,"height":7}},{"id":"72b4ba60-6c98-427b-8cd3-9abd66a697ab","block_type":"box","text":"428,205","page_number":17,"box":{"x":672,"y":391,"width":49,"height":9}},{"id":"1a253dd4-e797-4504-b409-7ebd8efd44df","block_type":"box","text":"3.99","page_number":17,"box":{"x":807,"y":391,"width":26,"height":8}},{"id":"23b4da37-6fc2-47f8-8363-ae4615bdba99","block_type":"box","text":"TOTAL OTHER","page_number":17,"box":{"x":192,"y":418,"width":87,"height":7}},{"id":"c313f226-8f46-4160-82c5-d7fde8b0b8d5","block_type":"box","text":"428,205","page_number":17,"box":{"x":672,"y":418,"width":49,"height":8}},{"id":"d4bb55b5-a925-4cc7-b3c7-4fb305e97188","block_type":"box","text":"3.99","page_number":17,"box":{"x":807,"y":418,"width":26,"height":7}},{"id":"05c42c5c-eaa0-4ad8-8dc7-bb14a3f34451","block_type":"box","text":"4.5","page_number":17,"box":{"x":918,"y":418,"width":18,"height":7}},{"id":"fa390fc4-5b02-492c-b01d-cab7ccaf2e8c","block_type":"box","text":"3","page_number":17,"box":{"x":938,"y":418,"width":6,"height":7}},{"id":"772be279-7445-4594-a37e-5678131a5bb9","block_type":"box","text":"SECTOR EQUITY INFRASTRUCTURE","page_number":17,"box":{"x":192,"y":444,"width":214,"height":8}},{"id":"ac1b2ecd-79c4-4e5e-bc74-6b415f7e90a0","block_type":"box","text":"14,243","page_number":17,"box":{"x":133,"y":457,"width":40,"height":8}},{"id":"c36c9338-347e-429c-8615-9016565f0d26","block_type":"box","text":"XTRACKERS ELECTRIFICATION TECHNOLOGIES & SMART GRID","page_number":17,"box":{"x":192,"y":457,"width":397,"height":7}},{"id":"7436bca4-2b65-4fe4-a664-fe29af5421f9","block_type":"box","text":"UCITS ETF 1C ACC","page_number":17,"box":{"x":193,"y":470,"width":107,"height":7}},{"id":"d04d1cb3-02a2-4caa-b2c9-0cfc3b0fd844","block_type":"box","text":"428,282","page_number":17,"box":{"x":672,"y":457,"width":49,"height":8}},{"id":"c8089497-c276-4c1f-96eb-48521b06d81f","block_type":"box","text":"4.00","page_number":17,"box":{"x":807,"y":457,"width":26,"height":7}},{"id":"94958617-4bf6-4183-a24c-97ceea83a030","block_type":"box","text":"TOTAL SECTOR","page_number":17,"box":{"x":192,"y":483,"width":92,"height":7}},{"id":"d5e5fe6e-dc5e-47b6-bc6a-c90eb271957f","block_type":"box","text":"EQUITY INFRASTRUCTURE","page_number":17,"box":{"x":289,"y":483,"width":162,"height":8}},{"id":"31a55dbb-bea4-4ec0-abe8-741074d882e0","block_type":"box","text":"428,282","page_number":17,"box":{"x":672,"y":483,"width":49,"height":8}},{"id":"e62fee4c-4fcd-4c25-b20c-d44b56f49094","block_type":"box","text":"4.00","page_number":17,"box":{"x":806,"y":483,"width":27,"height":7}},{"id":"fcde037a-4329-42e2-99c6-0ca31ea0108b","block_type":"box","text":"-","page_number":17,"box":{"x":941,"y":487,"width":3,"height":1}},{"id":"c1e93de4-a16d-4f75-90a9-a3690decaa8d","block_type":"box","text":"SPECIALIST","page_number":17,"box":{"x":192,"y":509,"width":69,"height":7}},{"id":"8d916238-43d6-4504-87b9-ebd880ff8cf2","block_type":"box","text":"7,208","page_number":17,"box":{"x":140,"y":522,"width":33,"height":9}},{"id":"4b9fcd70-0fb5-4f6d-b75f-c688bfd4a8dc","block_type":"box","text":"FIRST TRUST NASDAQ CLEAN EDGE SMART GRID","page_number":17,"box":{"x":193,"y":522,"width":396,"height":8}},{"id":"5a37df13-50fc-40de-9ee6-2fa990c134bf","block_type":"box","text":"INFRASTRUCTURE UCITS ETF A USD ACC","page_number":17,"box":{"x":193,"y":535,"width":243,"height":7}},{"id":"e6504575-ef17-450d-befd-058aaa254f52","block_type":"box","text":"362,167","page_number":17,"box":{"x":672,"y":522,"width":49,"height":9}},{"id":"acbd1d13-85f9-44a0-89a4-9c7456e7cd52","block_type":"box","text":"3.38","page_number":17,"box":{"x":807,"y":522,"width":26,"height":7}},{"id":"fe2e61f1-b0ca-443f-b1c3-397c87429ed5","block_type":"box","text":"TOTAL SPECIALIST","page_number":17,"box":{"x":192,"y":548,"width":112,"height":7}},{"id":"a5ca9adf-d864-4c5f-8af4-cc34f4401c49","block_type":"box","text":"362,167","page_number":17,"box":{"x":672,"y":548,"width":49,"height":9}},{"id":"880fece9-c6d3-43e0-b96b-c9ae790547f7","block_type":"box","text":"3.38","page_number":17,"box":{"x":807,"y":548,"width":26,"height":7}},{"id":"bbd452fb-8b93-4bf3-8e48-95412075bd23","block_type":"box","text":"3.","page_number":17,"box":{"x":918,"y":548,"width":10,"height":7}},{"id":"6bcff721-8bf6-46eb-9794-bc2eaaa5d479","block_type":"box","text":"68","page_number":17,"box":{"x":930,"y":548,"width":14,"height":7}},{"id":"1bd4f350-e371-45c8-a230-95657bcbb61f","block_type":"box","text":"TECHNOLOGY AND TECHNOLOGY INNOVATIONS","page_number":17,"box":{"x":192,"y":574,"width":302,"height":7}},{"id":"c2c90a4c-a9a3-4b7c-9a8e-952a74a11119","block_type":"box","text":"5,015","page_number":17,"box":{"x":140,"y":587,"width":33,"height":9}},{"id":"0b4bf775-ad45-42fc-b0de-3c1b7203068a","block_type":"box","text":"AMUNDI MSCI ROBOTICS & AI ESG SCREENED UCITS ETF ACC","page_number":17,"box":{"x":192,"y":587,"width":372,"height":7}},{"id":"520784d0-6417-40a2-9cde-c897f47dc04c","block_type":"box","text":"617,408","page_number":17,"box":{"x":672,"y":587,"width":49,"height":9}},{"id":"3d34b2ec-ac88-4c30-a418-d1ad3cb4ee35","block_type":"box","text":"5.76","page_number":17,"box":{"x":807,"y":587,"width":26,"height":7}},{"id":"414a961a-9044-437c-801a-19d0dc10ae61","block_type":"box","text":"16,958","page_number":17,"box":{"x":133,"y":600,"width":40,"height":9}},{"id":"6172bcd6-4812-456e-99d2-2337dd67725b","block_type":"box","text":"FIRST TRUST BLOOMBERG GLOBAL SEMICONDUCTOR SUPPLY","page_number":17,"box":{"x":193,"y":600,"width":396,"height":8}},{"id":"ba2cfb4b-48c2-42f1-be0f-5b4bd4ad808b","block_type":"box","text":"CHAIN UCITS ETF CLASS A ACC","page_number":17,"box":{"x":192,"y":614,"width":184,"height":7}},{"id":"f3059c6a-5465-427d-9e30-1af3e5c1f7c8","block_type":"box","text":"723,098","page_number":17,"box":{"x":672,"y":600,"width":49,"height":9}},{"id":"31dd71db-b39f-4587-a2c4-5904c2d0e2ad","block_type":"box","text":"6.75","page_number":17,"box":{"x":807,"y":600,"width":26,"height":8}},{"id":"bd4aed7b-eea5-41b4-aedf-686fa4a46ec7","block_type":"box","text":"10,021","page_number":17,"box":{"x":133,"y":626,"width":40,"height":9}},{"id":"f2343b40-1936-49f3-a024-9ac054f1d6df","block_type":"box","text":"FIRST TRUST CLOUD COMPUTING UCITS ETF CLS A USD ACC","page_number":17,"box":{"x":193,"y":626,"width":363,"height":7}},{"id":"5b849bdf-910e-4c6c-bbe6-86719a18d5e6","block_type":"box","text":"429,550","page_number":17,"box":{"x":672,"y":626,"width":49,"height":9}},{"id":"7a28a717-d8e0-4e38-8ea6-c2e271ee5676","block_type":"box","text":"4.00","page_number":17,"box":{"x":807,"y":626,"width":26,"height":7}},{"id":"06f1b752-466c-44ef-846d-b376add9d921","block_type":"box","text":"9,974","page_number":17,"box":{"x":140,"y":640,"width":33,"height":8}},{"id":"801cc87f-acf7-45e4-84bd-2545cf3d04b7","block_type":"box","text":"FIRST TRUST NASDAQ CYBERSECURITY UCITS ETF CLASS A USD","page_number":17,"box":{"x":193,"y":640,"width":396,"height":7}},{"id":"dbf45e26-aa09-49a1-899e-1338168b6a17","block_type":"box","text":"ACC","page_number":17,"box":{"x":192,"y":653,"width":24,"height":7}},{"id":"f5e64d7f-2628-4795-a8d2-7dee25050407","block_type":"box","text":"420,932","page_number":17,"box":{"x":672,"y":640,"width":49,"height":8}},{"id":"b5a9e300-8c91-440b-8a02-7834244e5f2c","block_type":"box","text":"3.93","page_number":17,"box":{"x":807,"y":640,"width":26,"height":7}},{"id":"e0d97f3b-08ae-4063-a084-2dd0e26461e7","block_type":"box","text":"34,662","page_number":17,"box":{"x":132,"y":666,"width":41,"height":8}},{"id":"52771092-815b-483a-81c6-50b7131aadef","block_type":"box","text":"GLOBAL X BLOCKCHAIN UCITS ETF USD ACC","page_number":17,"box":{"x":192,"y":666,"width":265,"height":7}},{"id":"42be3f69-155c-4ee3-a2db-285b51d48d74","block_type":"box","text":"450,698","page_number":17,"box":{"x":672,"y":666,"width":49,"height":8}},{"id":"f00f96f0-63c4-49b4-89e0-666648a31513","block_type":"box","text":"4.20","page_number":17,"box":{"x":807,"y":666,"width":26,"height":7}},{"id":"4ecfdc53-3c95-47d6-b835-7ff9cb76196f","block_type":"box","text":"22,330","page_number":17,"box":{"x":132,"y":679,"width":41,"height":8}},{"id":"fb875224-4e94-448e-84bd-f34040912902","block_type":"box","text":"KRANESHARES CSI CHINA INTERNET UCITS ETF CLASS USD","page_number":17,"box":{"x":193,"y":679,"width":352,"height":7}},{"id":"7b7e31f9-e052-49a3-95a9-b401bcd63e49","block_type":"box","text":"309,234","page_number":17,"box":{"x":672,"y":679,"width":49,"height":8}},{"id":"bed186ab-36ab-4ac5-9500-0c9eaa7d42ea","block_type":"box","text":"2.88","page_number":17,"box":{"x":807,"y":679,"width":26,"height":7}},{"id":"de256d02-9572-4cfd-b11f-64549c4bb047","block_type":"box","text":"7,243","page_number":17,"box":{"x":140,"y":692,"width":33,"height":8}},{"id":"ae9d83ca-0a98-4637-8652-ca4eed5b81ee","block_type":"box","text":"VANECK VECTORS","page_number":17,"box":{"x":192,"y":692,"width":109,"height":7}},{"id":"81bc525e-3e3d-412a-883f-44b53aca5905","block_type":"box","text":"VIDEO GAMING AND ESPORTS UCITS ETF A USD","page_number":17,"box":{"x":304,"y":692,"width":285,"height":7}},{"id":"97c62c5b-a676-4938-83ec-ec788d212d1c","block_type":"box","text":"325,020","page_number":17,"box":{"x":672,"y":692,"width":49,"height":8}},{"id":"46738433-c310-436b-99dc-baa4376981e8","block_type":"box","text":"3.03","page_number":17,"box":{"x":807,"y":692,"width":26,"height":7}},{"id":"c145fa8d-7866-4171-a93e-c81498b48d76","block_type":"box","text":"3,131","page_number":17,"box":{"x":140,"y":705,"width":33,"height":8}},{"id":"299f5c84-423b-4dc0-8038-756fc562647a","block_type":"box","text":"XTRACKERS ARTIFICIAL INTELLIGENCE AND BIG DATA UCITS ETF","page_number":17,"box":{"x":192,"y":705,"width":387,"height":7}},{"id":"4a98c5b2-42fd-40e7-b7a5-15cfb1b550dc","block_type":"box","text":"564,714","page_number":17,"box":{"x":672,"y":705,"width":49,"height":8}},{"id":"a40b35d3-b94a-44d8-98f6-c4cb3038f36a","block_type":"box","text":"5.27","page_number":17,"box":{"x":807,"y":705,"width":26,"height":7}},{"id":"c4a86510-538e-4dcf-be84-008681a7b36f","block_type":"box","text":"4,546","page_number":17,"box":{"x":139,"y":718,"width":34,"height":8}},{"id":"3af142ef-65f8-4554-8bc1-4a60b2f372ac","block_type":"box","text":"XTRACKERS FUTURE MOBILITY UCITS ETF 1C","page_number":17,"box":{"x":192,"y":718,"width":269,"height":7}},{"id":"df0fd653-698a-4b96-a3f3-ac4db08f8783","block_type":"box","text":"515,120","page_number":17,"box":{"x":672,"y":718,"width":49,"height":8}},{"id":"e9774e31-d116-4b8d-957d-56345f72b90c","block_type":"box","text":"4.81","page_number":17,"box":{"x":807,"y":718,"width":26,"height":7}},{"id":"d5905acb-cb68-4053-85bd-9582ae60e52a","block_type":"box","text":"TOTAL TECHNOLOGY AND TECHNOLOGY","page_number":17,"box":{"x":192,"y":731,"width":253,"height":7}},{"id":"2c0f116b-de5e-4102-a0c0-ab73e4c27ffc","block_type":"box","text":"INNOVATIONS","page_number":17,"box":{"x":449,"y":731,"width":90,"height":7}},{"id":"b826ab67-f9b0-4a3d-b0c1-add55b28bf61","block_type":"box","text":"4,3","page_number":17,"box":{"x":660,"y":731,"width":19,"height":9}},{"id":"91569039-51b2-4d3d-a6fc-8e9de73c9cd4","block_type":"box","text":"5","page_number":17,"box":{"x":680,"y":731,"width":6,"height":7}},{"id":"0daa0d30-ac05-4c7a-8223-4a681af4c0ae","block_type":"box","text":"5,77","page_number":17,"box":{"x":688,"y":731,"width":25,"height":9}},{"id":"e383a0a9-5f83-41ed-97fd-a7d9d1900962","block_type":"box","text":"4","page_number":17,"box":{"x":714,"y":731,"width":7,"height":7}},{"id":"305d13b1-0976-4e1b-bfb6-dd0a7ed52f63","block_type":"box","text":"40.63","page_number":17,"box":{"x":799,"y":731,"width":33,"height":7}},{"id":"2b6d70e5-9de5-4b95-baba-99ed8ec3d1ec","block_type":"box","text":"4","page_number":17,"box":{"x":910,"y":731,"width":7,"height":7}},{"id":"bc03b84a-833a-4820-a591-c776e5130eb1","block_type":"box","text":"5","page_number":17,"box":{"x":918,"y":731,"width":7,"height":7}},{"id":"e302eee7-5545-4d76-80cb-3ef34a2bb2c0","block_type":"box","text":".","page_number":17,"box":{"x":926,"y":736,"width":2,"height":2}},{"id":"d32363ee-2047-4aec-935e-4f3864f66442","block_type":"box","text":"88","page_number":17,"box":{"x":930,"y":731,"width":14,"height":7}},{"id":"f1a29aae-7e30-4b7f-a6f4-b7319ef9def0","block_type":"box","text":"EQUTIE","page_number":17,"box":{"x":85,"y":757,"width":45,"height":8}},{"id":"7a158af1-30a2-4b92-ade2-2f4ae4ad8925","block_type":"box","text":"S","page_number":17,"box":{"x":131,"y":757,"width":7,"height":7}},{"id":"a288642c-a3ce-428a-bc4b-412743c4bfd9","block_type":"box","text":"COMMUNICATIONS","page_number":17,"box":{"x":192,"y":770,"width":124,"height":7}},{"id":"752ca4b5-88a1-42db-a352-79e2de94b61d","block_type":"box","text":"220","page_number":17,"box":{"x":151,"y":783,"width":22,"height":7}},{"id":"15f24a7d-0466-41c9-9bbe-0e5b8f72e3cc","block_type":"box","text":"MERCADOLIBRE INC","page_number":17,"box":{"x":193,"y":783,"width":122,"height":7}},{"id":"7a3bff3a-c2b6-4113-baff-8709dd19da25","block_type":"box","text":"281,766","page_number":17,"box":{"x":673,"y":783,"width":48,"height":9}},{"id":"f9d0da0b-14f7-4319-9f1d-5c52dba527a7","block_type":"box","text":"2.63","page_number":17,"box":{"x":807,"y":783,"width":26,"height":7}},{"id":"1fda0628-9d99-4bfd-b2ab-522c6805bed3","block_type":"box","text":"TOTAL COMMUNICATIONS","page_number":17,"box":{"x":192,"y":796,"width":168,"height":7}},{"id":"ae283c71-60c4-4c4f-b790-c1f45197aedc","block_type":"box","text":"281,766","page_number":17,"box":{"x":672,"y":796,"width":49,"height":9}},{"id":"8fad064a-c2ad-4442-8ce4-a94875e56038","block_type":"box","text":"2.63","page_number":17,"box":{"x":807,"y":796,"width":25,"height":7}},{"id":"cc919b86-3788-4103-94b9-e1be3d3e4140","block_type":"box","text":"4.","page_number":17,"box":{"x":918,"y":796,"width":10,"height":7}},{"id":"fbd00502-fd49-409c-b0d0-3b50025e2a68","block_type":"box","text":"28","page_number":17,"box":{"x":930,"y":796,"width":14,"height":7}},{"id":"a40a8810-4838-43a4-9824-57d3836095dc","block_type":"box","text":"CONSUMER, NON","page_number":17,"box":{"x":192,"y":822,"width":110,"height":9}},{"id":"75b9c613-6289-4d84-b6ac-f99e189475f5","block_type":"box","text":"-","page_number":17,"box":{"x":304,"y":826,"width":4,"height":1}},{"id":"d163c7c3-e9c2-47d0-bd0b-ed3868f6b303","block_type":"box","text":"CYCLICAL","page_number":17,"box":{"x":309,"y":822,"width":57,"height":7}},{"id":"c077e464-79dc-46a0-8ce7-1b7b743a8188","block_type":"box","text":"1,023","page_number":17,"box":{"x":140,"y":835,"width":33,"height":9}},{"id":"92e1fc6f-57d2-4b8d-9bb7-09a13f8602c1","block_type":"box","text":"MADRIGAL PHARMACEUTICALS INC","page_number":17,"box":{"x":193,"y":835,"width":217,"height":7}},{"id":"ff9a4eca-6eeb-4d56-8ee4-dccf85e07a47","block_type":"box","text":"414,498","page_number":17,"box":{"x":672,"y":835,"width":49,"height":9}},{"id":"ad8c6d12-7984-4514-bf5a-72a6e3e3bdcb","block_type":"box","text":"3.87","page_number":17,"box":{"x":807,"y":835,"width":26,"height":7}},{"id":"f30765eb-e3a8-4265-a009-deb2367cc670","block_type":"box","text":"TOTAL","page_number":17,"box":{"x":192,"y":849,"width":40,"height":7}},{"id":"a1cea280-d8d3-4e7f-94e9-372c1d148c55","block_type":"box","text":"CONSUMER, NON","page_number":17,"box":{"x":236,"y":849,"width":111,"height":8}},{"id":"d9110704-f795-4c4f-bd13-66b0023c691a","block_type":"box","text":"-","page_number":17,"box":{"x":348,"y":852,"width":4,"height":1}},{"id":"a44ff3a1-6b55-46e2-890e-bb10053f9dfa","block_type":"box","text":"CYCLICAL","page_number":17,"box":{"x":353,"y":849,"width":57,"height":7}},{"id":"05326c11-1c73-47b2-b6ab-d99098319be6","block_type":"box","text":"414,498","page_number":17,"box":{"x":672,"y":849,"width":49,"height":8}},{"id":"6d513b6d-2864-4536-be02-6d905f1ffe53","block_type":"box","text":"3.87","page_number":17,"box":{"x":807,"y":849,"width":25,"height":7}},{"id":"86d1db2f-928c-479d-88cb-3cf51c987019","block_type":"box","text":"5.3","page_number":17,"box":{"x":918,"y":849,"width":18,"height":7}},{"id":"6264c3b7-b2c1-4ff0-89d5-3aa8dab94e5d","block_type":"box","text":"0","page_number":17,"box":{"x":937,"y":849,"width":7,"height":7}},{"id":"2efa4452-80a1-461c-a461-1fc7172c30f9","block_type":"box","text":"FINANCIAL","page_number":17,"box":{"x":192,"y":874,"width":67,"height":8}},{"id":"f57b93f5-44ed-4dc3-954e-c999a317b9ac","block_type":"box","text":"30,296","page_number":17,"box":{"x":132,"y":888,"width":41,"height":8}},{"id":"7e19cf8c-ff83-4580-b920-61a5a0b9950c","block_type":"box","text":"NU HOLDINGS LTD/CAYMAN ISLANDS CLASS A","page_number":17,"box":{"x":193,"y":887,"width":282,"height":9}},{"id":"1eab9895-d981-4681-910a-a4422dcf9ccc","block_type":"box","text":"305,474","page_number":17,"box":{"x":672,"y":888,"width":49,"height":8}},{"id":"7be9cda8-27d0-416b-a6cd-a94423394f5c","block_type":"box","text":"2.85","page_number":17,"box":{"x":807,"y":888,"width":26,"height":7}},{"id":"e9750a42-2195-40a8-8423-a706b9033189","block_type":"box","text":"TOTAL FINANCIAL","page_number":17,"box":{"x":192,"y":901,"width":111,"height":7}},{"id":"318cef6a-b972-4db0-9af9-e9be7ca67e8d","block_type":"box","text":"305,474","page_number":17,"box":{"x":672,"y":901,"width":49,"height":8}},{"id":"4b340b0f-dcaf-431d-92c0-89d5831bf68b","block_type":"box","text":"2.85","page_number":17,"box":{"x":807,"y":901,"width":25,"height":7}},{"id":"c5b6361f-02b5-4582-889d-f010dcd3c539","block_type":"box","text":"4","page_number":17,"box":{"x":918,"y":901,"width":7,"height":7}},{"id":"64d533b1-19be-486d-953c-ebd7c9c1942a","block_type":"box","text":".","page_number":17,"box":{"x":926,"y":906,"width":2,"height":2}},{"id":"f525858f-adfa-49f2-a52e-f972e52f8b15","block_type":"box","text":"96","page_number":17,"box":{"x":930,"y":901,"width":14,"height":7}},{"id":"3f78d691-741d-4f36-8e0d-0f112386aaa1","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":17,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"a7647134-a7eb-4c56-a267-30490f879ad5","block_type":"box","text":"MGTS IDAD Fund","page_number":18,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"f1c09ff3-e7d9-4e4b-8ebd-5f8aecc55e48","block_type":"box","text":"-","page_number":18,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"39e85748-84eb-4fb2-97d0-1ee9b9a8c840","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":18,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"5e6c75e2-a95f-4a7a-8e16-1c215367129e","block_type":"box","text":"-","page_number":18,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"658880b2-5911-48f9-aa2d-d007cc7ee6ab","block_type":"box","text":"fo","page_number":18,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"7a892328-46da-4200-8d38-284eaf098675","block_type":"box","text":"for the p","page_number":18,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"f50b6072-4474-42fa-9497-46f07ba58e6f","block_type":"box","text":"period","page_number":18,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"bf8ed072-2159-4064-8f13-73e59f7a6a03","block_type":"box","text":"ended","page_number":18,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"aa1d1620-94fd-46e9-8cea-2f83fa12cd5c","block_type":"box","text":"30 June 2026","page_number":18,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"4d5bb3ea-3795-46b6-aeb8-e2145a23a0f7","block_type":"box","text":"15","page_number":18,"box":{"x":67,"y":972,"width":16,"height":8}},{"id":"45442e85-3130-4617-badc-f047fa1a005f","block_type":"box","text":"Margetts Fund Management Limited","page_number":18,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"a90bc96e-1d95-4612-8c30-bb05d534b4a2","block_type":"box","text":"%","page_number":18,"box":{"x":788,"y":67,"width":10,"height":7}},{"id":"06af86df-d37f-4b4f-9c2f-7260bbecb4e4","block_type":"box","text":"OF NET ASSETS","page_number":18,"box":{"x":803,"y":67,"width":93,"height":7}},{"id":"e303b797-65ef-47c1-bf4b-c048635958ed","block_type":"box","text":"HOLDING","page_number":18,"box":{"x":115,"y":80,"width":58,"height":7}},{"id":"37e087cd-3b4c-4094-b9fd-f602b1705857","block_type":"box","text":"INVESTMENT","page_number":18,"box":{"x":192,"y":80,"width":83,"height":7}},{"id":"ded0b825-bd96-41b1-900e-4aa560243e40","block_type":"box","text":"VALUE (£)","page_number":18,"box":{"x":659,"y":79,"width":62,"height":10}},{"id":"52342c52-5715-42da-b843-f54ab84c0818","block_type":"box","text":"30.06.2026","page_number":18,"box":{"x":764,"y":80,"width":69,"height":7}},{"id":"b9ac1382-b63b-4a44-b84c-5ffbc28a9e73","block_type":"box","text":"31.12.2025","page_number":18,"box":{"x":876,"y":80,"width":68,"height":7}},{"id":"31ef99ac-db92-4733-9e7e-dcc2437d2644","block_type":"box","text":"INDUSTRIAL","page_number":18,"box":{"x":192,"y":93,"width":76,"height":7}},{"id":"0df1ef31-66ba-49e0-9c91-581d964ed9f9","block_type":"box","text":"2,968","page_number":18,"box":{"x":140,"y":106,"width":33,"height":8}},{"id":"f0cb6fa8-881b-4005-8de4-fcb5bf275774","block_type":"box","text":"NVENT ELECTRIC PLC","page_number":18,"box":{"x":193,"y":106,"width":127,"height":7}},{"id":"98bf4aa2-8bfd-4f97-ae02-47eccbb5fa32","block_type":"box","text":"379,828","page_number":18,"box":{"x":672,"y":106,"width":49,"height":8}},{"id":"03845196-d612-4d9c-bc02-933ad266db45","block_type":"box","text":"3.54","page_number":18,"box":{"x":807,"y":106,"width":26,"height":7}},{"id":"cba142f1-0223-4915-b722-82fe579ea102","block_type":"box","text":"TOTAL INDUSTRIAL","page_number":18,"box":{"x":192,"y":119,"width":120,"height":7}},{"id":"651c63ff-3528-4a73-8ada-b3f57ab9db29","block_type":"box","text":"379,828","page_number":18,"box":{"x":672,"y":119,"width":49,"height":8}},{"id":"9e690d7d-e798-4bb9-b4f7-45ad079d8a0e","block_type":"box","text":"3.54","page_number":18,"box":{"x":807,"y":119,"width":26,"height":7}},{"id":"fc19ddec-7d83-4821-bfbf-28be2998cda2","block_type":"box","text":"-","page_number":18,"box":{"x":941,"y":123,"width":3,"height":1}},{"id":"fa86d8a0-5926-4dbf-ab3e-bc4e54bb0a87","block_type":"box","text":"TECHNOLOGY","page_number":18,"box":{"x":192,"y":145,"width":86,"height":7}},{"id":"fe723e72-3504-441c-9aa2-4f29f3870d32","block_type":"box","text":"250","page_number":18,"box":{"x":151,"y":158,"width":22,"height":7}},{"id":"ad9c2622-ddb8-452b-8789-b0ad6c358c64","block_type":"box","text":"ASML HOLDING NV","page_number":18,"box":{"x":192,"y":158,"width":117,"height":7}},{"id":"e8ea2ad4-d738-457d-93e5-f8172f679e0c","block_type":"box","text":"372,614","page_number":18,"box":{"x":672,"y":158,"width":49,"height":9}},{"id":"224703d2-4959-401d-a716-3403d38852c8","block_type":"box","text":"3.48","page_number":18,"box":{"x":807,"y":158,"width":26,"height":7}},{"id":"7b1765b7-f3af-4f01-8886-a9810d397409","block_type":"box","text":"639","page_number":18,"box":{"x":151,"y":171,"width":22,"height":7}},{"id":"fc154616-231e-47e7-8b0e-b41710fc61cb","block_type":"box","text":"CROWDSTRIKE HOLDINGS INC","page_number":18,"box":{"x":192,"y":171,"width":184,"height":7}},{"id":"96cc1312-e8e2-457c-bde8-f125af91a1df","block_type":"box","text":"-","page_number":18,"box":{"x":380,"y":175,"width":4,"height":1}},{"id":"5bf2a636-de3a-4d5a-b6e9-9ce7972ff883","block_type":"box","text":"A","page_number":18,"box":{"x":388,"y":171,"width":8,"height":7}},{"id":"499b9192-18ed-4d85-bac7-c950a02e2cbd","block_type":"box","text":"367,662","page_number":18,"box":{"x":672,"y":171,"width":49,"height":9}},{"id":"46a3b4c3-14de-48ba-a098-e8393dfc12e7","block_type":"box","text":"3.43","page_number":18,"box":{"x":807,"y":171,"width":26,"height":7}},{"id":"e7c07c84-757a-4ec0-9308-3f6e932607d3","block_type":"box","text":"675","page_number":18,"box":{"x":151,"y":184,"width":22,"height":7}},{"id":"4963fdf0-8fb7-43b6-b7a7-b6cf7c7963a2","block_type":"box","text":"MICRON TECHNOLOGY INC","page_number":18,"box":{"x":193,"y":184,"width":165,"height":7}},{"id":"50c3466c-d978-45fb-8367-a6808ac14f27","block_type":"box","text":"586,216","page_number":18,"box":{"x":672,"y":184,"width":49,"height":9}},{"id":"c6fe461b-a4b8-406d-b6a3-95eeabe530e0","block_type":"box","text":"5.47","page_number":18,"box":{"x":807,"y":184,"width":26,"height":7}},{"id":"4fe1212b-dd4a-45dc-91ed-bfd2c88c515b","block_type":"box","text":"TOTAL TECHNOLOGY","page_number":18,"box":{"x":192,"y":197,"width":131,"height":7}},{"id":"b7e9178f-cbf5-41a1-b46a-8bfdb557926d","block_type":"box","text":"1,326,492","page_number":18,"box":{"x":661,"y":197,"width":60,"height":9}},{"id":"ecb3e79c-69c6-4c81-ade5-354c67740f3a","block_type":"box","text":"12.38","page_number":18,"box":{"x":799,"y":197,"width":34,"height":7}},{"id":"f14906c7-6923-4fe1-87d5-c3703d3d6824","block_type":"box","text":"7.5","page_number":18,"box":{"x":918,"y":197,"width":18,"height":7}},{"id":"d3f8b027-4b28-4276-bd4d-a3111bbe8db3","block_type":"box","text":"0","page_number":18,"box":{"x":937,"y":197,"width":7,"height":7}},{"id":"c6756b4a-758c-4232-a897-e9b7c854421b","block_type":"box","text":"PORTFOLIO OF INVESTMENTS","page_number":18,"box":{"x":192,"y":223,"width":185,"height":7}},{"id":"e8891a01-3180-438f-8faf-41701caea056","block_type":"box","text":"10,520,528","page_number":18,"box":{"x":653,"y":223,"width":68,"height":9}},{"id":"1f9717ac-e3c9-46cb-a3e7-ef467b9856ec","block_type":"box","text":"98.14","page_number":18,"box":{"x":799,"y":223,"width":34,"height":7}},{"id":"36779a25-678c-4f4a-9dae-0621f4848374","block_type":"box","text":"98.84","page_number":18,"box":{"x":911,"y":223,"width":33,"height":7}},{"id":"99d10342-3842-4787-a1ea-5015066cde00","block_type":"box","text":"NET CURRENT ASSETS","page_number":18,"box":{"x":192,"y":236,"width":136,"height":7}},{"id":"42038559-2002-4ac5-93d4-e51e18632666","block_type":"box","text":"199,634","page_number":18,"box":{"x":672,"y":236,"width":49,"height":9}},{"id":"4fa370dd-11ec-4b1c-9ebe-f2e5ac78d71c","block_type":"box","text":"1.86","page_number":18,"box":{"x":807,"y":236,"width":26,"height":7}},{"id":"f2e37f79-403e-431d-946a-d0ce1039a548","block_type":"box","text":"1.16","page_number":18,"box":{"x":919,"y":236,"width":25,"height":7}},{"id":"0937271f-024e-40e3-b3d3-7fc06df8d651","block_type":"box","text":"TOTAL NET ASSETS","page_number":18,"box":{"x":192,"y":250,"width":117,"height":7}},{"id":"82e331bc-426e-4a7b-b417-d8c4798fa92a","block_type":"box","text":"10,7","page_number":18,"box":{"x":653,"y":250,"width":26,"height":9}},{"id":"02d264db-ac3e-497b-a6e5-f82a74ea321c","block_type":"box","text":"20,162","page_number":18,"box":{"x":680,"y":250,"width":41,"height":9}},{"id":"01b06ba8-d09e-4573-ab94-7218f2bf3ae6","block_type":"box","text":"100.00","page_number":18,"box":{"x":792,"y":250,"width":41,"height":7}},{"id":"b6c781b5-2408-4d2a-a057-47f0bf50217b","block_type":"box","text":"100.00","page_number":18,"box":{"x":903,"y":250,"width":41,"height":7}},{"id":"449a09e2-6d73-4645-95ed-6e14c69bd439","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":18,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"0abb785a-1fcb-440f-ba2a-ceb235aa63b2","block_type":"box","text":"MGTS IDAD Fund","page_number":19,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"3369605e-8e13-442d-8cbb-b881353361f9","block_type":"box","text":"-","page_number":19,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"7c28aaed-6626-409d-8100-c4aa498dc8eb","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":19,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"751c704e-f5ee-4136-9f85-88d2ab90f845","block_type":"box","text":"-","page_number":19,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"2e95cc2f-2769-44a8-b494-98e0aabafb47","block_type":"box","text":"fo","page_number":19,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"150f3dc2-266a-4063-8544-f5e3737303a5","block_type":"box","text":"for the p","page_number":19,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"9ef031c8-3ced-452c-80b7-1bd5d0ac43f3","block_type":"box","text":"period","page_number":19,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"d5ab3347-5daa-409d-9f09-fbfa10c9f9a4","block_type":"box","text":"ended","page_number":19,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"72b707c5-3724-4391-b03b-119c873b903a","block_type":"box","text":"30 June 2026","page_number":19,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"850aedd2-c04a-44ba-8549-373c54b8f390","block_type":"box","text":"16","page_number":19,"box":{"x":67,"y":972,"width":16,"height":8}},{"id":"e8007c1a-4f96-41f6-9653-901826da105f","block_type":"box","text":"Margetts Fund Management Limited","page_number":19,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"c8da45d4-9017-4b47-b7e3-218b99612722","block_type":"box","text":"Financial Statements","page_number":19,"box":{"x":68,"y":68,"width":230,"height":14}},{"id":"c95adece-02a9-4517-bd47-bc50fc7a4345","block_type":"box","text":"Statement of Total Return","page_number":19,"box":{"x":67,"y":106,"width":290,"height":13}},{"id":"e02fdcf7-b2ef-4952-a8c3-5265251eac57","block_type":"box","text":"For the period ended 30 June 2026","page_number":19,"box":{"x":85,"y":128,"width":234,"height":10}},{"id":"b468744d-d2a2-426d-b25e-268ab58f24c9","block_type":"box","text":"01.01.2026","page_number":19,"box":{"x":521,"y":143,"width":75,"height":7}},{"id":"8348c8ea-e83f-4c81-8f44-d8224459f555","block_type":"box","text":"to","page_number":19,"box":{"x":601,"y":143,"width":14,"height":7}},{"id":"f6c8a667-d539-4470-9d4d-cabb476b70bc","block_type":"box","text":"01.01.2025","page_number":19,"box":{"x":800,"y":143,"width":75,"height":7}},{"id":"ae2ea4ca-deb3-4a7c-b144-4d0047785d38","block_type":"box","text":"to","page_number":19,"box":{"x":880,"y":143,"width":14,"height":7}},{"id":"82c9f73e-6f7f-4404-92d1-dfd5ed658473","block_type":"box","text":"30.06.2026","page_number":19,"box":{"x":539,"y":157,"width":76,"height":8}},{"id":"8e5574e8-7466-4d63-a986-0a04b253a1b8","block_type":"box","text":"30.06.2025","page_number":19,"box":{"x":818,"y":157,"width":76,"height":8}},{"id":"aefc62a3-1ce7-4311-87bd-bbf8396efe2e","block_type":"box","text":"Income","page_number":19,"box":{"x":85,"y":172,"width":51,"height":7}},{"id":"c0b358e8-1cf0-4116-bbf4-83b04eeb8707","block_type":"box","text":"£","page_number":19,"box":{"x":468,"y":171,"width":8,"height":8}},{"id":"81846f99-4692-4fa0-a643-84a547a7710a","block_type":"box","text":"£","page_number":19,"box":{"x":608,"y":171,"width":7,"height":8}},{"id":"edfaf3bf-acca-4d35-83bb-e9ee63729615","block_type":"box","text":"£","page_number":19,"box":{"x":747,"y":171,"width":12,"height":8}},{"id":"63b1fe58-f2aa-4085-9769-4e48290bf164","block_type":"box","text":"£","page_number":19,"box":{"x":887,"y":171,"width":11,"height":8}},{"id":"34039cc9-be50-4e28-b47b-c7d2aee7f8c6","block_type":"box","text":"Net capital gains","page_number":19,"box":{"x":97,"y":186,"width":111,"height":10}},{"id":"0d6413a7-4007-43c0-8985-2544821a06bf","block_type":"box","text":"1,189,414","page_number":19,"box":{"x":549,"y":186,"width":70,"height":9}},{"id":"6d45748a-c9d5-4921-8de4-2b33e789cab8","block_type":"box","text":"200,135","page_number":19,"box":{"x":840,"y":186,"width":58,"height":9}},{"id":"9160b8c2-b7c7-401f-b64f-7669b5b901c7","block_type":"box","text":"Revenue","page_number":19,"box":{"x":97,"y":201,"width":58,"height":7}},{"id":"24dbe94d-3ac1-4f8b-abf5-11e4a1903a16","block_type":"box","text":"2,046","page_number":19,"box":{"x":439,"y":201,"width":41,"height":9}},{"id":"a36cc8c2-4f2c-46cd-a534-eb078e094632","block_type":"box","text":"608","page_number":19,"box":{"x":731,"y":201,"width":28,"height":7}},{"id":"5ba35568-ed5e-4ce3-950b-e4ac0dc2f3ba","block_type":"box","text":"Expenses","page_number":19,"box":{"x":86,"y":215,"width":61,"height":10}},{"id":"b45c537f-f4f0-419c-b653-4f4a3132cd38","block_type":"box","text":"(16,476)","page_number":19,"box":{"x":420,"y":214,"width":55,"height":11}},{"id":"1bf561ad-ce72-4bf0-be0d-e7ef659a3528","block_type":"box","text":"(12,713)","page_number":19,"box":{"x":699,"y":214,"width":55,"height":11}},{"id":"7584eeab-f038-4d9d-8b42-62671f0139b1","block_type":"box","text":"Net expense before taxation","page_number":19,"box":{"x":86,"y":230,"width":192,"height":10}},{"id":"f403b24b-54be-4aca-9b31-e6fccb7a9e5b","block_type":"box","text":"(14,430)","page_number":19,"box":{"x":420,"y":230,"width":55,"height":10}},{"id":"d608663c-2fcc-4733-a4dc-9f3d7fd57e43","block_type":"box","text":"(12,105)","page_number":19,"box":{"x":699,"y":230,"width":55,"height":10}},{"id":"9f3d5c15-8854-499e-90f5-b43bc74ea602","block_type":"box","text":"Net expense after taxation","page_number":19,"box":{"x":86,"y":244,"width":179,"height":11}},{"id":"1deed83b-8da1-486e-ade3-de6ed73fb6d6","block_type":"box","text":"(14,430)","page_number":19,"box":{"x":560,"y":244,"width":55,"height":10}},{"id":"55165d8f-0af5-4ca6-a076-b27143b2c0ed","block_type":"box","text":"(12,105)","page_number":19,"box":{"x":839,"y":244,"width":55,"height":10}},{"id":"9abd3809-2f69-4b9b-a032-6ab29847ac58","block_type":"box","text":"Total return before distributions","page_number":19,"box":{"x":84,"y":259,"width":225,"height":9}},{"id":"2eb6c5e8-30ec-4059-a05c-b285c1e9e9b0","block_type":"box","text":"1,174,984","page_number":19,"box":{"x":549,"y":260,"width":70,"height":9}},{"id":"cb0564b0-fce1-499c-a8ff-52c3001c3a0b","block_type":"box","text":"188,030","page_number":19,"box":{"x":841,"y":260,"width":57,"height":9}},{"id":"4bf9980e-72f7-48a0-a075-4028d93039e3","block_type":"box","text":"Finance costs: Distribution","page_number":19,"box":{"x":86,"y":274,"width":178,"height":8}},{"id":"1dfe874d-b854-4d57-8e10-1a7018f05c4c","block_type":"box","text":"(8,962)","page_number":19,"box":{"x":568,"y":274,"width":47,"height":10}},{"id":"ac839f8d-06db-4290-b880-0d3e7f4a423a","block_type":"box","text":"396","page_number":19,"box":{"x":870,"y":274,"width":28,"height":8}},{"id":"d3bf3f84-6fbd-4273-99de-c3b658b94ce4","block_type":"box","text":"Change in net assets attributable to shareholders","page_number":19,"box":{"x":85,"y":289,"width":346,"height":10}},{"id":"073ae8db-0a4b-4629-97cc-ab9e05540dc4","block_type":"box","text":"from investment activities","page_number":19,"box":{"x":84,"y":303,"width":183,"height":9}},{"id":"dbcf4f4e-2361-4975-828d-527f13a565dc","block_type":"box","text":"1,166,022","page_number":19,"box":{"x":549,"y":297,"width":70,"height":9}},{"id":"657ca9c5-845f-406b-a279-2021fa473a3d","block_type":"box","text":"188,426","page_number":19,"box":{"x":841,"y":297,"width":57,"height":9}},{"id":"093f7377-db49-4e1e-8c68-39856a0581a7","block_type":"box","text":"Statement of Change in Net Asset Attributable to Shareholders","page_number":19,"box":{"x":67,"y":337,"width":700,"height":16}},{"id":"a17f3f55-b1a7-4fbb-90a6-7fd204e21ceb","block_type":"box","text":"For the period","page_number":19,"box":{"x":85,"y":358,"width":98,"height":11}},{"id":"0efd84a0-c9bc-4f07-bef1-da4049b67b75","block_type":"box","text":"ended 30 June 2026","page_number":19,"box":{"x":184,"y":358,"width":135,"height":9}},{"id":"90329962-655c-4a6f-a631-30acbcaf21bb","block_type":"box","text":"01.01.2026","page_number":19,"box":{"x":521,"y":373,"width":75,"height":8}},{"id":"082eb9d9-3b99-43ed-8999-50a637f14061","block_type":"box","text":"to","page_number":19,"box":{"x":601,"y":374,"width":14,"height":7}},{"id":"784103de-4a3b-4f5f-9e69-5afe70b7ae12","block_type":"box","text":"01.01.2025","page_number":19,"box":{"x":800,"y":373,"width":75,"height":8}},{"id":"e9c59231-e17c-4c03-9b92-466f918b0900","block_type":"box","text":"to","page_number":19,"box":{"x":880,"y":374,"width":14,"height":7}},{"id":"916a48c3-267a-4667-b226-94ab753071ef","block_type":"box","text":"30.06.2026","page_number":19,"box":{"x":539,"y":388,"width":76,"height":8}},{"id":"053ce158-519d-45f9-bf5a-7ca3a8be65c6","block_type":"box","text":"30.06.2025","page_number":19,"box":{"x":818,"y":388,"width":76,"height":8}},{"id":"6e8ae446-3efb-4a65-bbb2-23db5822eaa7","block_type":"box","text":"£","page_number":19,"box":{"x":468,"y":402,"width":8,"height":8}},{"id":"2f2ad797-e5d8-4c0d-8111-6d760328727d","block_type":"box","text":"£","page_number":19,"box":{"x":608,"y":402,"width":7,"height":8}},{"id":"efa95470-31a8-4476-8939-bb5c57b3c555","block_type":"box","text":"£","page_number":19,"box":{"x":747,"y":402,"width":12,"height":8}},{"id":"214b1ddd-657a-4147-8154-306a75f343bf","block_type":"box","text":"£","page_number":19,"box":{"x":887,"y":402,"width":11,"height":8}},{"id":"f11583b0-34de-4da5-9f3b-df0583493beb","block_type":"box","text":"Opening net assets","page_number":19,"box":{"x":85,"y":416,"width":135,"height":10}},{"id":"15a786af-e10e-4950-9d31-573bf77d25f0","block_type":"box","text":"attributable to shareholders","page_number":19,"box":{"x":85,"y":431,"width":196,"height":8}},{"id":"87e4f4af-50cb-496d-9925-91cb89736e74","block_type":"box","text":"4,798,123","page_number":19,"box":{"x":548,"y":424,"width":71,"height":9}},{"id":"47e40f86-15b2-4e34-a733-282b13773937","block_type":"box","text":"4,590,41","page_number":19,"box":{"x":827,"y":424,"width":58,"height":9}},{"id":"a7d41d15-0b21-4c14-a2c1-9163174b2d06","block_type":"box","text":"8","page_number":19,"box":{"x":887,"y":424,"width":7,"height":8}},{"id":"55cd4a33-2f5d-4f33-9409-f284aef4db32","block_type":"box","text":"Amounts receivable on issue of","page_number":19,"box":{"x":84,"y":445,"width":217,"height":9}},{"id":"5ad19e57-5a42-4545-b4ab-a01f448c837f","block_type":"box","text":"shares","page_number":19,"box":{"x":85,"y":460,"width":43,"height":8}},{"id":"b2746171-5116-4d61-88b1-c0c5330e549f","block_type":"box","text":"5,239,888","page_number":19,"box":{"x":409,"y":453,"width":71,"height":10}},{"id":"428c10d7-4ed8-401f-93fa-bfb25336446d","block_type":"box","text":"671,474","page_number":19,"box":{"x":701,"y":453,"width":58,"height":10}},{"id":"e9c6c375-f8c7-4c4c-94d2-047e05b854a4","block_type":"box","text":"Amounts","page_number":19,"box":{"x":84,"y":475,"width":66,"height":8}},{"id":"90799e76-ca37-4fbb-bb7f-f45eb224611e","block_type":"box","text":"payable on cancellation of","page_number":19,"box":{"x":152,"y":474,"width":181,"height":11}},{"id":"1ce94152-f6ec-4930-9211-91c2949c636f","block_type":"box","text":"shares","page_number":19,"box":{"x":85,"y":489,"width":43,"height":8}},{"id":"cfb3a7a6-7d83-47d3-acaa-8b8c665fc25d","block_type":"box","text":"(492,120)","page_number":19,"box":{"x":412,"y":481,"width":63,"height":11}},{"id":"1cd9edfd-a044-468f-8658-dcb519e714b0","block_type":"box","text":"(954,056)","page_number":19,"box":{"x":691,"y":481,"width":63,"height":11}},{"id":"ac2f58f4-7a3a-47df-bcb9-e91d43b02466","block_type":"box","text":"Dilution adjustment","page_number":19,"box":{"x":86,"y":503,"width":134,"height":11}},{"id":"33c8cd04-458c-402f-b72d-e36b113f83ee","block_type":"box","text":"8,249","page_number":19,"box":{"x":439,"y":504,"width":41,"height":9}},{"id":"cee706d2-f75b-439c-8120-94128a1ac918","block_type":"box","text":"2,637","page_number":19,"box":{"x":718,"y":504,"width":41,"height":9}},{"id":"4b3e5de8-0592-4eeb-ba04-c88c5a6a35f1","block_type":"box","text":"4,756,017","page_number":19,"box":{"x":548,"y":519,"width":71,"height":9}},{"id":"3e570432-7362-4234-9c3c-2e8800d1f370","block_type":"box","text":"(279,945)","page_number":19,"box":{"x":830,"y":518,"width":64,"height":11}},{"id":"fc1acba9-b610-4200-9960-5116aa4cc404","block_type":"box","text":"Change in net assets attributable to shareholders","page_number":19,"box":{"x":85,"y":533,"width":339,"height":10}},{"id":"30d0ad98-f534-4d06-bcea-96a30dd5c991","block_type":"box","text":"from investment activities","page_number":19,"box":{"x":84,"y":547,"width":178,"height":9}},{"id":"28bd6076-6385-4939-978f-6db1ea118419","block_type":"box","text":"1,166,022","page_number":19,"box":{"x":549,"y":541,"width":70,"height":9}},{"id":"694167de-eada-4f68-8995-96e81f193868","block_type":"box","text":"188,42","page_number":19,"box":{"x":841,"y":541,"width":44,"height":9}},{"id":"69b36498-b4a0-4728-849c-0580d38471b9","block_type":"box","text":"7","page_number":19,"box":{"x":887,"y":541,"width":7,"height":7}},{"id":"0e4cda6f-a379-440d-8088-74016391da36","block_type":"box","text":"Closing net assets","page_number":19,"box":{"x":85,"y":562,"width":127,"height":11}},{"id":"e6af79bf-b642-4829-aa06-7ee94ec852eb","block_type":"box","text":"attributable to shareholders","page_number":19,"box":{"x":212,"y":562,"width":196,"height":9}},{"id":"7f7d73f7-77c8-4f71-9b38-5c7331f403de","block_type":"box","text":"10,720,162","page_number":19,"box":{"x":540,"y":563,"width":79,"height":9}},{"id":"9c98aa93-172b-46f4-94fe-20a79c8cafc1","block_type":"box","text":"4,498,900","page_number":19,"box":{"x":827,"y":563,"width":71,"height":9}},{"id":"4ef30532-229d-4a21-943c-48e6e42c4442","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":19,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"4fa73e23-611f-4310-92ef-0a535a91f06c","block_type":"box","text":"MGTS IDAD Fund","page_number":20,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"a83856b9-cc63-41f8-86cc-dce382270745","block_type":"box","text":"-","page_number":20,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"fbfeaef5-fd9a-436b-949b-6bbf6803859e","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":20,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"dae0ef7f-91c4-488d-8002-4764602cfd3b","block_type":"box","text":"-","page_number":20,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"d097a6fb-acf8-4d21-ae34-0c9f631d7dbb","block_type":"box","text":"fo","page_number":20,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"22014b0f-81a7-408e-9a03-4db3333d94aa","block_type":"box","text":"for the p","page_number":20,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"bd144480-4a65-4d43-9785-3cd59180c41f","block_type":"box","text":"period","page_number":20,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"413b7d2c-0805-457c-a580-cc49ea57ebd2","block_type":"box","text":"ended","page_number":20,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"d81778fb-3802-4639-98c1-06c56785fb96","block_type":"box","text":"30 June 2026","page_number":20,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"9de41e70-7110-4130-a79a-52fa4fbc90ba","block_type":"box","text":"17","page_number":20,"box":{"x":67,"y":972,"width":17,"height":8}},{"id":"211f7998-a0d3-4dfe-b23e-57329eda8ccc","block_type":"box","text":"Margetts Fund Management Limited","page_number":20,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"5e8f664b-940c-47ae-bb0c-4f3b6efd645b","block_type":"box","text":"Balance Sheet","page_number":20,"box":{"x":68,"y":68,"width":154,"height":14}},{"id":"370c55aa-fcbb-484c-b042-9c6a8a500b54","block_type":"box","text":"As at 30 June 2026","page_number":20,"box":{"x":84,"y":90,"width":128,"height":8}},{"id":"85c3b86f-8f16-48ef-b06b-d975f0e5a697","block_type":"box","text":"30.06.2026","page_number":20,"box":{"x":542,"y":105,"width":76,"height":8}},{"id":"e3263d71-903d-47ec-bfdc-886a9826f3b5","block_type":"box","text":"31.12.202","page_number":20,"box":{"x":822,"y":105,"width":67,"height":8}},{"id":"4c6bf98e-1a7f-49e9-a236-b5e11e84b2d4","block_type":"box","text":"5","page_number":20,"box":{"x":890,"y":105,"width":7,"height":8}},{"id":"97b0eccd-a234-474e-850f-db34d432571a","block_type":"box","text":"Assets","page_number":20,"box":{"x":84,"y":119,"width":45,"height":8}},{"id":"d7ba3bc6-7488-4e0b-b2c7-0aaa0eacae64","block_type":"box","text":"£","page_number":20,"box":{"x":471,"y":119,"width":7,"height":8}},{"id":"c4f9d31f-c8d5-4dda-98ef-559f52bec729","block_type":"box","text":"£","page_number":20,"box":{"x":611,"y":119,"width":7,"height":8}},{"id":"cada5bf4-4238-4d0a-9b28-a4d41d6b0cff","block_type":"box","text":"£","page_number":20,"box":{"x":751,"y":119,"width":11,"height":8}},{"id":"c0c57247-5df3-4424-941c-fc03a50f42b4","block_type":"box","text":"£","page_number":20,"box":{"x":890,"y":119,"width":12,"height":8}},{"id":"16272fe2-c689-42fb-bba1-0dbd2f3eb247","block_type":"box","text":"Investment assets","page_number":20,"box":{"x":86,"y":134,"width":121,"height":8}},{"id":"4effaf73-b89f-441e-b827-ec94dc183d5b","block_type":"box","text":"10,520,528","page_number":20,"box":{"x":543,"y":134,"width":79,"height":9}},{"id":"20378738-49c2-42a3-916b-a5ad6fb93fd8","block_type":"box","text":"4,742,278","page_number":20,"box":{"x":831,"y":134,"width":71,"height":9}},{"id":"b5ba8702-d9a0-4f4e-b1ab-180474e65da0","block_type":"box","text":"Debtors","page_number":20,"box":{"x":86,"y":148,"width":52,"height":8}},{"id":"868b0be2-9780-4f52-9e16-5093ad7c819e","block_type":"box","text":"57,340","page_number":20,"box":{"x":433,"y":148,"width":49,"height":10}},{"id":"11593694-1aff-47bf-a743-fb607db10a4a","block_type":"box","text":"6,843","page_number":20,"box":{"x":721,"y":148,"width":41,"height":10}},{"id":"226fdb96-3579-400d-bf5b-69a77e018b0a","block_type":"box","text":"Bank balances","page_number":20,"box":{"x":86,"y":162,"width":95,"height":9}},{"id":"9e786176-b17c-4e2d-b3cc-c9d8ea2db761","block_type":"box","text":"356,507","page_number":20,"box":{"x":424,"y":163,"width":58,"height":9}},{"id":"287892db-24a2-412e-b020-5618d248d83f","block_type":"box","text":"60,832","page_number":20,"box":{"x":713,"y":163,"width":49,"height":9}},{"id":"ac75b329-2067-43c7-af8c-556634065adb","block_type":"box","text":"Total other assets","page_number":20,"box":{"x":84,"y":178,"width":124,"height":8}},{"id":"efa0df5c-bc3d-4ff0-ba0e-1f0b4d0f08db","block_type":"box","text":"413,847","page_number":20,"box":{"x":564,"y":178,"width":58,"height":9}},{"id":"65c2347d-ef8e-496d-bb2e-311d618dfde5","block_type":"box","text":"67,675","page_number":20,"box":{"x":852,"y":178,"width":50,"height":9}},{"id":"830ba362-0530-493f-9e16-e1d1d169b432","block_type":"box","text":"Total assets","page_number":20,"box":{"x":84,"y":193,"width":82,"height":8}},{"id":"0245ae96-e6f3-41cc-b5dd-49146ac3f834","block_type":"box","text":"10,934,375","page_number":20,"box":{"x":543,"y":193,"width":79,"height":10}},{"id":"fd640461-e3d9-4b3b-81a6-c16cd3dbc1ee","block_type":"box","text":"4,809,953","page_number":20,"box":{"x":830,"y":193,"width":72,"height":10}},{"id":"b6669d3b-fbcb-409d-a21b-a044e7c8a47f","block_type":"box","text":"Liabilities","page_number":20,"box":{"x":85,"y":222,"width":65,"height":9}},{"id":"2516b604-9195-4348-b8c7-b5181b79fc58","block_type":"box","text":"Creditors","page_number":20,"box":{"x":85,"y":237,"width":61,"height":8}},{"id":"e15a913e-0b78-4a05-a661-fae1850d68d0","block_type":"box","text":"214,213","page_number":20,"box":{"x":424,"y":237,"width":58,"height":9}},{"id":"077c91bd-3b12-4ca8-8293-affe3df4cc21","block_type":"box","text":"11,830","page_number":20,"box":{"x":713,"y":237,"width":49,"height":9}},{"id":"b38598c8-11b5-4964-a878-5354404bec8c","block_type":"box","text":"Total other liabilities","page_number":20,"box":{"x":84,"y":252,"width":144,"height":8}},{"id":"37b7acda-34e9-4cf9-b830-f44eb3cfbe16","block_type":"box","text":"214,213","page_number":20,"box":{"x":564,"y":252,"width":58,"height":10}},{"id":"abe93c2c-bc83-4cbf-84c1-2a89cb91fc54","block_type":"box","text":"11,830","page_number":20,"box":{"x":853,"y":252,"width":49,"height":10}},{"id":"d251394c-17c1-4ccf-8ae8-99bdd67520c9","block_type":"box","text":"Net assets attributable to shareholders","page_number":20,"box":{"x":85,"y":267,"width":271,"height":8}},{"id":"c030ad4c-66c8-43fa-9ba2-5c98e8e5be28","block_type":"box","text":"10,720,162","page_number":20,"box":{"x":543,"y":267,"width":79,"height":10}},{"id":"c64ab9ee-2187-46b6-bfe4-2147ea7710e5","block_type":"box","text":"4,798,123","page_number":20,"box":{"x":830,"y":267,"width":72,"height":10}},{"id":"5c866338-a459-4dc1-994d-6cd6e7677646","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":20,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"4635bafd-c265-4507-9ae3-b9cca9f0ffc9","block_type":"box","text":"MGTS IDAD Fund","page_number":21,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"f272181f-2841-4a04-9e6f-74d4e84a499b","block_type":"box","text":"-","page_number":21,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"dcddea2a-c6fe-4533-9903-e87ee8baf6d5","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":21,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"4dec2dd8-7cd1-46b3-81c9-4f6845197e64","block_type":"box","text":"-","page_number":21,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"72e449d4-6803-4a36-849d-3a0ba30e8a62","block_type":"box","text":"fo","page_number":21,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"ad9e9dd8-a7fb-4329-9627-c21af23f1678","block_type":"box","text":"for the p","page_number":21,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"7abb60b4-6aa1-4907-97b9-15311359755f","block_type":"box","text":"period","page_number":21,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"982bd07e-1cad-4f4d-af9f-7b761b2d1fe9","block_type":"box","text":"ended","page_number":21,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"e82268ab-b8f3-49fa-ba09-ac24b19c0ba9","block_type":"box","text":"30 June 2026","page_number":21,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"aa35bd9b-2ebf-452f-83e4-62684c6cb61d","block_type":"box","text":"18","page_number":21,"box":{"x":67,"y":972,"width":16,"height":8}},{"id":"9d5bbef9-3a20-4b45-a136-cea59c8eb8ac","block_type":"box","text":"Margetts Fund Management Limited","page_number":21,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"233f476d-d7a4-4923-bbd0-fc9ca5a0399f","block_type":"box","text":"Fair Value Hierarchy of Investments","page_number":21,"box":{"x":68,"y":68,"width":395,"height":17}},{"id":"a43ccbfa-cc04-4a72-a5f0-dcc8b89d853e","block_type":"box","text":"In accordance with FRS 102, investments are classified using a fair value hierarchy that reflects the significance of the inp","page_number":21,"box":{"x":67,"y":230,"width":843,"height":11}},{"id":"028a1dc7-9f3c-4d39-b95c-2b721ca3faf1","block_type":"box","text":"uts","page_number":21,"box":{"x":913,"y":231,"width":24,"height":8}},{"id":"24df3964-4fb6-4a02-a689-76ca8de6402c","block_type":"box","text":"used in determining fair value. Level 1 investments are valued using unadjusted quoted prices in active markets for identical","page_number":21,"box":{"x":67,"y":245,"width":864,"height":10}},{"id":"72a30c2d-01c5-485b-b4c1-741c42657e3f","block_type":"box","text":"i","page_number":21,"box":{"x":67,"y":260,"width":2,"height":8}},{"id":"d3393960-10b9-41f4-96e5-bf5b866fb381","block_type":"box","text":"nstruments. Level 2 investments are valued using observable market inputs other than quoted prices included within Level 1.","page_number":21,"box":{"x":71,"y":259,"width":865,"height":11}},{"id":"c6538f40-6794-48a5-907f-0dca3126eb04","block_type":"box","text":"Level 3 investments are valued using valuation techniques that use significant unobservable inputs.","page_number":21,"box":{"x":67,"y":274,"width":679,"height":10}},{"id":"760b7431-26b3-45d9-b9c7-f0ec0663bd17","block_type":"box","text":"As at 30 June 2026","page_number":21,"box":{"x":75,"y":96,"width":128,"height":7}},{"id":"19c03039-29ac-492c-a649-c4935cbfc2ff","block_type":"box","text":"Basis of Valuation","page_number":21,"box":{"x":76,"y":126,"width":123,"height":8}},{"id":"6f211982-1ea9-47c2-a2a2-17cc45e1d62d","block_type":"box","text":"Level 1:","page_number":21,"box":{"x":423,"y":111,"width":51,"height":8}},{"id":"34706c0e-5cdc-47a9-b1ca-52642bcffcb7","block_type":"box","text":"Quoted Prices","page_number":21,"box":{"x":401,"y":126,"width":97,"height":9}},{"id":"40afe536-7c76-486e-bbd2-34d6890c0301","block_type":"box","text":"Level 2:","page_number":21,"box":{"x":618,"y":111,"width":51,"height":8}},{"id":"53066fdf-3bb0-419e-a0c2-017444e9fff8","block_type":"box","text":"Observable market data","page_number":21,"box":{"x":559,"y":126,"width":167,"height":8}},{"id":"0eab3413-120d-4fc6-bfcd-abab465118dd","block_type":"box","text":"Level 3:","page_number":21,"box":{"x":812,"y":111,"width":52,"height":8}},{"id":"560c9c6d-107e-45ae-91be-304af809b56a","block_type":"box","text":"Unobservable data","page_number":21,"box":{"x":773,"y":126,"width":130,"height":8}},{"id":"8ad36faa-23a7-4444-a75d-5eb77d15eefc","block_type":"box","text":"Assets","page_number":21,"box":{"x":378,"y":141,"width":44,"height":7}},{"id":"e11aeb99-707d-4308-a0a9-be288c773599","block_type":"box","text":"Liabilities","page_number":21,"box":{"x":466,"y":140,"width":64,"height":8}},{"id":"6d4cfcb8-5c01-4a8c-89b0-94a6e6efe503","block_type":"box","text":"Assets","page_number":21,"box":{"x":572,"y":141,"width":45,"height":7}},{"id":"10fd3581-2eeb-47a6-bad4-6b4c6f0d10bc","block_type":"box","text":"Liabilities","page_number":21,"box":{"x":660,"y":140,"width":65,"height":8}},{"id":"d80cf888-8610-43cf-a407-b305e89c6891","block_type":"box","text":"Assets","page_number":21,"box":{"x":767,"y":141,"width":44,"height":7}},{"id":"5a4186f4-6e45-41ac-8727-6abfe9ccca3b","block_type":"box","text":"Liabilities","page_number":21,"box":{"x":854,"y":140,"width":65,"height":8}},{"id":"c24b2b1c-3ece-459c-8f65-2dc0017843dd","block_type":"box","text":"£","page_number":21,"box":{"x":397,"y":155,"width":7,"height":8}},{"id":"ed0b1e62-9cea-4243-b9a0-20641d788089","block_type":"box","text":"£","page_number":21,"box":{"x":494,"y":155,"width":7,"height":8}},{"id":"fede7728-53b3-421b-a64a-15c70108195f","block_type":"box","text":"£","page_number":21,"box":{"x":591,"y":155,"width":7,"height":8}},{"id":"c55e12c6-8724-45b7-93c1-83d0d5bed505","block_type":"box","text":"£","page_number":21,"box":{"x":688,"y":155,"width":8,"height":8}},{"id":"442e66e1-df82-4b78-b8f3-403b701119dc","block_type":"box","text":"£","page_number":21,"box":{"x":786,"y":155,"width":7,"height":8}},{"id":"08501a1a-244c-494d-b278-e22a774e146f","block_type":"box","text":"£","page_number":21,"box":{"x":883,"y":155,"width":7,"height":8}},{"id":"666181e4-09ca-4764-8c84-a8667b371d36","block_type":"box","text":"Collective Investment Schemes","page_number":21,"box":{"x":76,"y":169,"width":211,"height":8}},{"id":"271594e1-2e9c-4c34-a2fe-8436828687dc","block_type":"box","text":"7,812,470","page_number":21,"box":{"x":369,"y":169,"width":71,"height":10}},{"id":"ea1299c0-cf7a-45b4-9aec-aa62826fa532","block_type":"box","text":"-","page_number":21,"box":{"x":495,"y":174,"width":4,"height":1}},{"id":"ebda6834-d474-44dc-9d29-95199f6535ee","block_type":"box","text":"-","page_number":21,"box":{"x":592,"y":174,"width":4,"height":1}},{"id":"3528406c-7285-4a93-b10b-bc20a55a096a","block_type":"box","text":"-","page_number":21,"box":{"x":690,"y":174,"width":4,"height":1}},{"id":"c739d448-ba16-44fd-ac19-ac804ec19d73","block_type":"box","text":"-","page_number":21,"box":{"x":787,"y":174,"width":4,"height":1}},{"id":"009405b7-a423-4049-b322-cf579cb367ff","block_type":"box","text":"-","page_number":21,"box":{"x":884,"y":174,"width":4,"height":1}},{"id":"f46c8400-c5ec-4a27-abe6-50ac6f4c06cf","block_type":"box","text":"Equities","page_number":21,"box":{"x":77,"y":184,"width":52,"height":10}},{"id":"9caeb2a3-8731-4835-b824-a40d599ac4ed","block_type":"box","text":"2,708,058","page_number":21,"box":{"x":369,"y":184,"width":71,"height":9}},{"id":"105b5e6a-cd19-4baf-9942-71bc492cfd75","block_type":"box","text":"-","page_number":21,"box":{"x":495,"y":188,"width":4,"height":1}},{"id":"dd4d8be4-d9f1-4e25-a12e-4f00a8d529f8","block_type":"box","text":"-","page_number":21,"box":{"x":592,"y":188,"width":4,"height":1}},{"id":"6f942d25-d5b4-46ae-bdcc-9b286157b399","block_type":"box","text":"-","page_number":21,"box":{"x":690,"y":188,"width":4,"height":1}},{"id":"07916b80-c7c6-45ca-a57b-5b0466d45e01","block_type":"box","text":"-","page_number":21,"box":{"x":787,"y":188,"width":4,"height":1}},{"id":"ad4dedb9-469a-48a8-82ba-64382ef04242","block_type":"box","text":"-","page_number":21,"box":{"x":884,"y":188,"width":4,"height":1}},{"id":"2849e937-ae19-4188-a799-751098a9628a","block_type":"box","text":"10,520,528","page_number":21,"box":{"x":363,"y":199,"width":75,"height":10}},{"id":"c0e5708e-0213-4162-96d0-11f1dcf126f5","block_type":"box","text":"-","page_number":21,"box":{"x":495,"y":203,"width":4,"height":1}},{"id":"67859713-6d4a-44eb-9fad-020ef7d675f8","block_type":"box","text":"-","page_number":21,"box":{"x":592,"y":203,"width":5,"height":1}},{"id":"5340d423-ce4b-4e1f-bd81-cba1786056c1","block_type":"box","text":"-","page_number":21,"box":{"x":690,"y":203,"width":4,"height":1}},{"id":"bb646136-9dc5-4133-b4dc-5fa6a60acf4e","block_type":"box","text":"-","page_number":21,"box":{"x":787,"y":203,"width":4,"height":1}},{"id":"39f22c53-0bd6-4313-b735-7f473d63e2d3","block_type":"box","text":"-","page_number":21,"box":{"x":884,"y":203,"width":4,"height":1}},{"id":"0f7d5ac6-7830-4ff0-b6d3-30a4e0515cf1","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":21,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"32d08aa7-dfc1-4d70-8d34-3b181ad4cae8","block_type":"box","text":"MGTS IDAD Fund","page_number":22,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"ed1cd85c-bab4-4392-af04-0fa3d7d4aaaf","block_type":"box","text":"-","page_number":22,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"d0130561-eaa2-4464-993a-573dbde38fdb","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":22,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"af395956-a63e-440b-b08d-d3ccb10467cc","block_type":"box","text":"-","page_number":22,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"9a05fd16-40b4-4daa-83b4-0c7dd1d251c1","block_type":"box","text":"fo","page_number":22,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"edb924a7-34ff-45dc-b761-44628548ee0d","block_type":"box","text":"for the p","page_number":22,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"5b0e8706-b1ed-4710-9548-a6b8023b6061","block_type":"box","text":"period","page_number":22,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"abc82b56-a93b-4b06-bea8-15da82925bf8","block_type":"box","text":"ended","page_number":22,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"0daa6b48-6ab3-4072-b27e-032fda84098e","block_type":"box","text":"30 June 2026","page_number":22,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"8072bb88-d8f6-45f6-87d8-396d1353a95f","block_type":"box","text":"19","page_number":22,"box":{"x":67,"y":972,"width":16,"height":8}},{"id":"88888807-9c3e-4937-8b7a-9af2c7122494","block_type":"box","text":"Margetts Fund Management Limited","page_number":22,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"843a20ab-5964-429c-87f5-8d75b768c01e","block_type":"box","text":"Distribution Table","page_number":22,"box":{"x":68,"y":68,"width":198,"height":14}},{"id":"bb65fbe7-242d-4805-b9c3-482868e65205","block_type":"box","text":"For the period ended 30 June 2026","page_number":22,"box":{"x":67,"y":90,"width":237,"height":10}},{"id":"431c231a-9ec4-46d4-b0f1-ada537495253","block_type":"box","text":"–","page_number":22,"box":{"x":304,"y":94,"width":9,"height":1}},{"id":"a41cc0f0-e82b-4d89-a374-e0076ad6c058","block_type":"box","text":"in pence per share","page_number":22,"box":{"x":317,"y":90,"width":123,"height":10}},{"id":"efae4f19-89eb-4755-a967-4a76642ffd85","block_type":"box","text":"Interim payment/allocation date 31 August 2026","page_number":22,"box":{"x":67,"y":118,"width":339,"height":11}},{"id":"1042051d-3f5e-46a0-a070-2d4bcb352c25","block_type":"box","text":"MGTS IDAD Future Wealth Fund did not distribute at interim period of 30 June 2026 and therefore no rates have been provided.","page_number":22,"box":{"x":67,"y":148,"width":872,"height":10}},{"id":"adba6087-b66d-4cf6-863a-14eaaff0a135","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":22,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"b4484294-8999-408f-afce-7c8b3f71020f","block_type":"box","text":"MGTS IDAD Fund","page_number":23,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"74502818-e461-4294-b38a-93993b656608","block_type":"box","text":"-","page_number":23,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"9e1d7199-c0b6-442d-baf5-7db730daa993","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":23,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"6fef1828-de5e-4ad4-8500-2d2676b8b0d1","block_type":"box","text":"-","page_number":23,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"3e579663-61ef-4a4e-910e-4a77c528445e","block_type":"box","text":"fo","page_number":23,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"ca4dba16-dd08-45e6-b936-7ebbf5ca68b0","block_type":"box","text":"for the p","page_number":23,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"47197fb5-1123-495d-b8bc-b7fd06ff17fa","block_type":"box","text":"period","page_number":23,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"f8e2624e-07d2-4757-b2a3-01d9bd986682","block_type":"box","text":"ended","page_number":23,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"26b70c49-7498-495f-8cb7-3fcbfb803722","block_type":"box","text":"30 June 2026","page_number":23,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"56493cec-7124-41ab-82f0-14a0436bced9","block_type":"box","text":"20","page_number":23,"box":{"x":66,"y":972,"width":17,"height":8}},{"id":"081713d0-f7f5-4a19-880b-636255dc984c","block_type":"box","text":"Margetts Fund Management Limited","page_number":23,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"12dfaf34-e1e9-490b-b61c-ed8e56727859","block_type":"box","text":"Net Asset Value per Share and Comparative Tables","page_number":23,"box":{"x":68,"y":68,"width":562,"height":17}},{"id":"3eff60a0-9f0f-46e7-86dc-d627e0a4c580","block_type":"box","text":"R Accumulation","page_number":23,"box":{"x":77,"y":105,"width":118,"height":9}},{"id":"812874aa-dcfa-4bfc-bb58-7bb7e7a800ed","block_type":"box","text":"01.01.2026 to","page_number":23,"box":{"x":435,"y":121,"width":95,"height":7}},{"id":"68257407-5f0d-472a-a08e-6e394baf9be4","block_type":"box","text":"01.01.2025 to","page_number":23,"box":{"x":575,"y":121,"width":95,"height":7}},{"id":"8d22ffca-7128-4c3b-81aa-88b7718c8c57","block_type":"box","text":"01.01.2024 to","page_number":23,"box":{"x":715,"y":121,"width":95,"height":7}},{"id":"e7de5ebc-7986-479e-a669-66f87f4d3c87","block_type":"box","text":"01.01.2023 to","page_number":23,"box":{"x":855,"y":121,"width":95,"height":7}},{"id":"713248ac-9eda-4b1c-87f1-deecde5de917","block_type":"box","text":"Change in net assets per share","page_number":23,"box":{"x":76,"y":135,"width":210,"height":10}},{"id":"8b3d63e3-e82c-4343-bb90-9bb908ca2629","block_type":"box","text":"30.06.2026","page_number":23,"box":{"x":454,"y":135,"width":76,"height":8}},{"id":"c2b64301-dcd9-4b08-9214-ee26c67cdb51","block_type":"box","text":"31.12.2025","page_number":23,"box":{"x":594,"y":135,"width":75,"height":8}},{"id":"d54ccbba-b42c-4a93-8de0-bf1c80fee093","block_type":"box","text":"31.12.2024","page_number":23,"box":{"x":734,"y":135,"width":76,"height":8}},{"id":"8e86fbee-d639-4168-9ee1-10ff0ba63754","block_type":"box","text":"31.12.2023","page_number":23,"box":{"x":874,"y":135,"width":75,"height":8}},{"id":"c249d9e1-d5b0-4c7a-ba2a-feb21d611bb8","block_type":"box","text":"Opening net asset value per share","page_number":23,"box":{"x":136,"y":149,"width":235,"height":11}},{"id":"e33325b0-87bb-4e7c-ae37-c89f3e4beaad","block_type":"box","text":"109.4008","page_number":23,"box":{"x":468,"y":150,"width":62,"height":8}},{"id":"1a948661-b259-4246-81b3-3351e55154db","block_type":"box","text":"88.4000","page_number":23,"box":{"x":615,"y":150,"width":55,"height":8}},{"id":"4508b2f2-2367-4a64-9eea-551cf2792604","block_type":"box","text":"74.7284","page_number":23,"box":{"x":755,"y":150,"width":55,"height":8}},{"id":"89cd9941-22f7-4e21-9aad-5ea5117024e8","block_type":"box","text":"71.4920","page_number":23,"box":{"x":895,"y":150,"width":55,"height":8}},{"id":"c711355a-83e5-493b-aaf5-6abc2ac7dcbd","block_type":"box","text":"Return before operating charges *","page_number":23,"box":{"x":136,"y":164,"width":232,"height":10}},{"id":"b4401681-c6a8-42ee-9e4d-b7b8cd899459","block_type":"box","text":"24.2992","page_number":23,"box":{"x":476,"y":164,"width":54,"height":8}},{"id":"f12477a8-7f69-46cf-9353-d0af3310ab5f","block_type":"box","text":"21.8108","page_number":23,"box":{"x":616,"y":164,"width":54,"height":8}},{"id":"b968ab63-f630-4ee2-91a7-aab9abc24775","block_type":"box","text":"14.1516","page_number":23,"box":{"x":757,"y":164,"width":53,"height":8}},{"id":"463f3be5-868f-4b3a-952d-d8dd53ce6ada","block_type":"box","text":"4.0064","page_number":23,"box":{"x":904,"y":164,"width":46,"height":8}},{"id":"2c3748b1-26b4-4a4f-bbe3-c12d316f5bc1","block_type":"box","text":"Operating charges","page_number":23,"box":{"x":136,"y":178,"width":123,"height":11}},{"id":"ede86154-4f8b-4335-ab2e-aef40eed2c21","block_type":"box","text":"0.0000","page_number":23,"box":{"x":484,"y":179,"width":46,"height":8}},{"id":"68ab6637-5258-4fc9-8c1d-c97a7a0c2118","block_type":"box","text":"(0.8100)","page_number":23,"box":{"x":615,"y":178,"width":55,"height":11}},{"id":"0840164e-7501-4a98-b0ad-342ad92114c1","block_type":"box","text":"(0.4800)","page_number":23,"box":{"x":755,"y":178,"width":55,"height":11}},{"id":"070afc97-e32b-4ad8-8708-8f86ce844d93","block_type":"box","text":"(0.7700)","page_number":23,"box":{"x":895,"y":178,"width":54,"height":11}},{"id":"0d321f64-a6e9-4971-a06f-e8a855afcfdf","block_type":"box","text":"Return after operating charges","page_number":23,"box":{"x":136,"y":193,"width":213,"height":11}},{"id":"6c41bffb-5672-4665-a372-f1352f774f20","block_type":"box","text":"24.2992","page_number":23,"box":{"x":476,"y":194,"width":54,"height":8}},{"id":"bb85f187-e3c4-45a3-be0b-38a432dcfc6b","block_type":"box","text":"21.0008","page_number":23,"box":{"x":616,"y":194,"width":54,"height":8}},{"id":"204d680c-55bb-4da1-bb42-448728800f53","block_type":"box","text":"13.6716","page_number":23,"box":{"x":756,"y":194,"width":54,"height":8}},{"id":"38126e5d-7f9a-46f2-937a-12aa9a122161","block_type":"box","text":"3.2364","page_number":23,"box":{"x":904,"y":194,"width":46,"height":8}},{"id":"13fa8e5c-5018-43b7-85b1-2d47cb3c085f","block_type":"box","text":"Distribution","page_number":23,"box":{"x":136,"y":208,"width":79,"height":8}},{"id":"1b0f7d47-7eeb-4117-81ba-a9b6a9c44dd1","block_type":"box","text":"0.00","page_number":23,"box":{"x":484,"y":209,"width":29,"height":7}},{"id":"cb585799-ad52-47d2-ae6a-3e937f3179ac","block_type":"box","text":"00","page_number":23,"box":{"x":514,"y":209,"width":16,"height":7}},{"id":"660d1ecc-14b7-4d86-b6ba-108b1002ebe8","block_type":"box","text":"0.00","page_number":23,"box":{"x":624,"y":209,"width":29,"height":7}},{"id":"90770438-0531-4af8-9611-748dd6cd58f4","block_type":"box","text":"00","page_number":23,"box":{"x":654,"y":209,"width":16,"height":7}},{"id":"28c57499-3ec2-4e4e-96d2-760aaeb8e5d5","block_type":"box","text":"0.00","page_number":23,"box":{"x":764,"y":209,"width":29,"height":7}},{"id":"b57a9c7a-69f0-49a5-9ca8-872e596b4953","block_type":"box","text":"00","page_number":23,"box":{"x":794,"y":209,"width":16,"height":7}},{"id":"065667ef-5ea1-40f6-8cb6-e64257c61be0","block_type":"box","text":"0.00","page_number":23,"box":{"x":904,"y":209,"width":29,"height":7}},{"id":"c2ff40f2-1fae-4b7e-85a0-91151b4981f5","block_type":"box","text":"00","page_number":23,"box":{"x":934,"y":209,"width":16,"height":7}},{"id":"e23db387-df2c-489d-9558-2a8e86e9f1d4","block_type":"box","text":"Retained distribution on acc shares","page_number":23,"box":{"x":136,"y":223,"width":238,"height":8}},{"id":"ae73ed14-cce0-4bf8-8745-4653852a397e","block_type":"box","text":"0.00","page_number":23,"box":{"x":484,"y":223,"width":29,"height":8}},{"id":"c669d469-c5d0-4c98-9982-904318db2d4b","block_type":"box","text":"00","page_number":23,"box":{"x":514,"y":223,"width":16,"height":8}},{"id":"aae592bf-2f04-448f-a924-47bda24fd085","block_type":"box","text":"0.00","page_number":23,"box":{"x":624,"y":223,"width":29,"height":8}},{"id":"564170fe-ca88-4dc0-9e26-efc86ade268e","block_type":"box","text":"00","page_number":23,"box":{"x":654,"y":223,"width":16,"height":8}},{"id":"00771132-5afb-4afa-b389-760fdd1c3f93","block_type":"box","text":"0.00","page_number":23,"box":{"x":764,"y":223,"width":29,"height":8}},{"id":"078b1778-1700-4ed4-9d9c-4914e781c232","block_type":"box","text":"00","page_number":23,"box":{"x":794,"y":223,"width":16,"height":8}},{"id":"29c04b00-99d8-42cf-9f31-15d8e9c1d4c4","block_type":"box","text":"0.00","page_number":23,"box":{"x":904,"y":223,"width":29,"height":8}},{"id":"8fe078c4-3f37-489a-80ad-0a12f2b93408","block_type":"box","text":"00","page_number":23,"box":{"x":934,"y":223,"width":16,"height":8}},{"id":"59fddf91-338e-4f6f-aef1-35606bfc003e","block_type":"box","text":"Closing net asset value per share","page_number":23,"box":{"x":136,"y":237,"width":226,"height":11}},{"id":"a5dba81d-9982-4b55-be39-0d4c26fbda91","block_type":"box","text":"133.7000","page_number":23,"box":{"x":468,"y":238,"width":62,"height":8}},{"id":"fe241a9f-bb3b-4556-921d-dc7fc1d6256d","block_type":"box","text":"109.4008","page_number":23,"box":{"x":608,"y":238,"width":62,"height":8}},{"id":"c6ef13c9-1d93-4c66-b9ce-3cfd8a6f4855","block_type":"box","text":"88.4000","page_number":23,"box":{"x":755,"y":238,"width":55,"height":8}},{"id":"7c46b73d-b24b-4284-b22c-74c99fb0937a","block_type":"box","text":"74.7284","page_number":23,"box":{"x":895,"y":238,"width":55,"height":8}},{"id":"fbc943a9-9f7a-4aba-bc4d-a33bb8d17b50","block_type":"box","text":"* After direct transaction costs of","page_number":23,"box":{"x":136,"y":255,"width":227,"height":8}},{"id":"2d979302-3e6b-4608-a832-6d92f7d2aeae","block_type":"box","text":"0.0891","page_number":23,"box":{"x":484,"y":255,"width":46,"height":8}},{"id":"6a57b3b0-5e38-4968-8bce-372bc1f06101","block_type":"box","text":"0.0696","page_number":23,"box":{"x":624,"y":255,"width":46,"height":8}},{"id":"7b0044b5-d916-4d3d-a44c-a9d4e1595731","block_type":"box","text":"0.1005","page_number":23,"box":{"x":764,"y":255,"width":45,"height":8}},{"id":"7494c465-6121-4d4f-9971-242a3ee90dc4","block_type":"box","text":"0.0518","page_number":23,"box":{"x":904,"y":255,"width":46,"height":8}},{"id":"c6626c95-eb15-4d49-bff0-e214cb56a1f7","block_type":"box","text":"Performance","page_number":23,"box":{"x":76,"y":284,"width":89,"height":8}},{"id":"d4df359f-a616-4d58-973c-baee6b57512f","block_type":"box","text":"Return after charges","page_number":23,"box":{"x":136,"y":298,"width":139,"height":10}},{"id":"71490510-b769-4a5a-816f-3d5d820508c2","block_type":"box","text":"22.21%","page_number":23,"box":{"x":481,"y":299,"width":49,"height":8}},{"id":"476a3bd8-3145-496e-987a-2352e811be1b","block_type":"box","text":"23.76%","page_number":23,"box":{"x":621,"y":299,"width":49,"height":8}},{"id":"0b0590a5-fa9e-43ff-b053-fbba8d02083c","block_type":"box","text":"18.30%","page_number":23,"box":{"x":761,"y":299,"width":49,"height":8}},{"id":"bf544e33-e7ea-4da4-84ff-2fe0b3ff00d2","block_type":"box","text":"4.53%","page_number":23,"box":{"x":909,"y":299,"width":41,"height":8}},{"id":"f2bddd9a-ca70-4129-96bd-a484af2156f5","block_type":"box","text":"Other Information","page_number":23,"box":{"x":76,"y":327,"width":127,"height":9}},{"id":"f2ccc98c-ce21-4336-bc8c-646009567c73","block_type":"box","text":"Closing net asset value (£)","page_number":23,"box":{"x":136,"y":342,"width":175,"height":10}},{"id":"516c35f3-f0e0-43a2-8374-04359a7ca2d6","block_type":"box","text":"1,337","page_number":23,"box":{"x":494,"y":342,"width":36,"height":10}},{"id":"8ee115b5-a50a-4309-bdc8-2d29e8518841","block_type":"box","text":"61,790","page_number":23,"box":{"x":625,"y":342,"width":45,"height":10}},{"id":"40d565e5-09fc-4e25-8a1c-ff658bac32a4","block_type":"box","text":"884","page_number":23,"box":{"x":786,"y":342,"width":24,"height":8}},{"id":"0458af7d-cc7e-48e7-b9b3-cb5ff267f20b","block_type":"box","text":"747","page_number":23,"box":{"x":926,"y":342,"width":24,"height":8}},{"id":"076e0d45-0cc5-49e7-816e-4ac757fe5a0f","block_type":"box","text":"Closing number of shares","page_number":23,"box":{"x":136,"y":356,"width":171,"height":11}},{"id":"e66fd498-33cf-49df-87f9-4843d7fa4f25","block_type":"box","text":"1,000","page_number":23,"box":{"x":494,"y":357,"width":36,"height":9}},{"id":"43195710-e69d-4464-8946-e36417d41254","block_type":"box","text":"56,480","page_number":23,"box":{"x":625,"y":357,"width":45,"height":9}},{"id":"fc578d8d-1adb-40b6-ab58-8015e1ed9026","block_type":"box","text":"1,000","page_number":23,"box":{"x":774,"y":357,"width":36,"height":9}},{"id":"0a14b099-3144-4c71-ad2f-2ee478ea5692","block_type":"box","text":"1,000","page_number":23,"box":{"x":913,"y":357,"width":37,"height":9}},{"id":"b18599b2-69bc-45a6-8459-919edcafe7fb","block_type":"box","text":"OCF","page_number":23,"box":{"x":136,"y":371,"width":26,"height":8}},{"id":"74186731-40a8-4792-9403-1c4ef042e7a3","block_type":"box","text":"^","page_number":23,"box":{"x":481,"y":371,"width":7,"height":5}},{"id":"0edf090f-b29d-4537-b649-b90274716510","block_type":"box","text":"1","page_number":23,"box":{"x":490,"y":371,"width":7,"height":8}},{"id":"265ea6d2-87e3-4a38-8f4f-e9ab4cf31204","block_type":"box","text":".","page_number":23,"box":{"x":499,"y":378,"width":2,"height":1}},{"id":"9a13719a-9fdf-4fb4-b309-757914c8feb5","block_type":"box","text":"9","page_number":23,"box":{"x":503,"y":371,"width":7,"height":8}},{"id":"689bd05a-ec3c-444a-a0ba-ab1d21acd157","block_type":"box","text":"0%","page_number":23,"box":{"x":511,"y":371,"width":19,"height":8}},{"id":"33a919c5-00f2-438c-aacc-7cc666be8d9c","block_type":"box","text":"^","page_number":23,"box":{"x":621,"y":371,"width":7,"height":5}},{"id":"3ed10104-3d7c-4cf6-ba2c-7620f3addfa2","block_type":"box","text":"1","page_number":23,"box":{"x":630,"y":371,"width":7,"height":8}},{"id":"d590bae7-76ba-4aaf-aa07-2abcf4b3f5d2","block_type":"box","text":".90%","page_number":23,"box":{"x":639,"y":371,"width":31,"height":8}},{"id":"e6827956-c4c8-475b-8176-976b8c99f814","block_type":"box","text":"1.90%","page_number":23,"box":{"x":770,"y":371,"width":40,"height":8}},{"id":"7635c842-3037-4005-a844-4b0455e02f66","block_type":"box","text":"2.29%","page_number":23,"box":{"x":909,"y":371,"width":41,"height":8}},{"id":"51e64447-f39d-4a1e-ac16-a43cf9edc404","block_type":"box","text":"Direct transaction costs","page_number":23,"box":{"x":136,"y":386,"width":159,"height":7}},{"id":"6fea643c-7f21-4504-82a4-1bbf9fb7b620","block_type":"box","text":"0.08%","page_number":23,"box":{"x":489,"y":385,"width":41,"height":8}},{"id":"cc912e8c-b720-4822-93a2-6feb5296d5c8","block_type":"box","text":"0.07%","page_number":23,"box":{"x":629,"y":385,"width":41,"height":8}},{"id":"c231b8f5-b3e4-478f-affe-6781cbc09b7d","block_type":"box","text":"0.12%","page_number":23,"box":{"x":769,"y":385,"width":41,"height":8}},{"id":"d1c797d1-5e95-4601-bdba-f90f191844f1","block_type":"box","text":"0.07%","page_number":23,"box":{"x":909,"y":385,"width":41,"height":8}},{"id":"b99575d3-7a7f-4d05-936d-3f13b2d7a762","block_type":"box","text":"Prices","page_number":23,"box":{"x":76,"y":414,"width":40,"height":8}},{"id":"3fc18fde-0e66-4cd2-8fe0-1c38a11c8bef","block_type":"box","text":"Highest share price (pence)","page_number":23,"box":{"x":136,"y":429,"width":184,"height":10}},{"id":"98de8860-ebc7-419f-bf61-4f215392a0c5","block_type":"box","text":"133.90","page_number":23,"box":{"x":485,"y":429,"width":45,"height":8}},{"id":"baae41c3-7ea4-4111-af5d-59f390c70021","block_type":"box","text":"117.38","page_number":23,"box":{"x":625,"y":429,"width":45,"height":8}},{"id":"a0d70e2a-5624-46b1-a8bf-6a2c0735b297","block_type":"box","text":"93.38","page_number":23,"box":{"x":773,"y":429,"width":37,"height":8}},{"id":"62594a9a-3acc-46d0-b775-15c505c9d48c","block_type":"box","text":"79.12","page_number":23,"box":{"x":913,"y":429,"width":36,"height":8}},{"id":"e8ded087-b30e-4b2c-8390-76f148c2fe39","block_type":"box","text":"Lowest share price (pence)","page_number":23,"box":{"x":136,"y":443,"width":181,"height":11}},{"id":"4a3480f5-3ca9-47ec-af63-4938bc751c9a","block_type":"box","text":"99.72","page_number":23,"box":{"x":493,"y":444,"width":37,"height":8}},{"id":"6379bec6-5451-4fd5-90c3-1c3abc16636e","block_type":"box","text":"72.38","page_number":23,"box":{"x":633,"y":444,"width":37,"height":8}},{"id":"b326b004-6fac-4aea-ae92-30c414bb6ec9","block_type":"box","text":"72.44","page_number":23,"box":{"x":773,"y":444,"width":37,"height":7}},{"id":"9696d7ce-7433-4a3c-af8d-cb839045dc0f","block_type":"box","text":"65.45","page_number":23,"box":{"x":913,"y":444,"width":36,"height":8}},{"id":"f7a02350-a562-4935-859d-9a8129494583","block_type":"box","text":"A","page_number":23,"box":{"x":76,"y":473,"width":15,"height":9}},{"id":"8a95b91c-bbdb-4cc7-85b2-18ac744254f7","block_type":"box","text":"Accumulation","page_number":23,"box":{"x":91,"y":473,"width":105,"height":9}},{"id":"2186e667-53ac-4bd9-8200-c202251206a0","block_type":"box","text":"01.01.2026 to","page_number":23,"box":{"x":443,"y":489,"width":95,"height":8}},{"id":"c379b9f9-6fe5-4d61-97a1-6d74bd8ba4e4","block_type":"box","text":"01.01.2025 to","page_number":23,"box":{"x":579,"y":489,"width":95,"height":8}},{"id":"698a4f00-25d5-4b4d-8c74-127434fd7023","block_type":"box","text":"01.01.2024 to","page_number":23,"box":{"x":715,"y":489,"width":95,"height":8}},{"id":"1181cc54-eabe-4918-9fb7-027f5723924c","block_type":"box","text":"01.01.2023 to","page_number":23,"box":{"x":852,"y":489,"width":94,"height":8}},{"id":"3f055704-a2a7-480e-9a02-5a10da7a1142","block_type":"box","text":"Change in net assets per share","page_number":23,"box":{"x":76,"y":503,"width":210,"height":10}},{"id":"99ce740d-8e69-4850-b354-46924bb879fe","block_type":"box","text":"30.06.2026","page_number":23,"box":{"x":462,"y":503,"width":75,"height":8}},{"id":"aa70b2cd-984f-43dc-bcac-7ffd656f779c","block_type":"box","text":"31.12.2025","page_number":23,"box":{"x":598,"y":503,"width":75,"height":8}},{"id":"e695b98e-f8d5-4f83-8132-c95c9bf2d4c9","block_type":"box","text":"31.12.2024","page_number":23,"box":{"x":734,"y":503,"width":76,"height":8}},{"id":"99a3d311-8466-4461-87bb-427b47054086","block_type":"box","text":"31.12.2023","page_number":23,"box":{"x":870,"y":503,"width":76,"height":8}},{"id":"1bd3d855-e702-465f-876d-5daacf882013","block_type":"box","text":"Opening net asset value per share","page_number":23,"box":{"x":136,"y":517,"width":235,"height":10}},{"id":"f136159f-a07d-4472-af81-1305833ab692","block_type":"box","text":"112.8954","page_number":23,"box":{"x":475,"y":518,"width":63,"height":7}},{"id":"9edd5e69-9f61-4c72-bd47-66d870a8f53b","block_type":"box","text":"90.7739","page_number":23,"box":{"x":619,"y":518,"width":55,"height":7}},{"id":"6c7b6d1f-db6b-457c-908e-6e3c90fdc2fe","block_type":"box","text":"76.2430","page_number":23,"box":{"x":755,"y":518,"width":55,"height":7}},{"id":"ebc4b59c-bb1c-4fc1-a2d1-f5a383c9514a","block_type":"box","text":"72.2696","page_number":23,"box":{"x":892,"y":518,"width":54,"height":7}},{"id":"73fe8728-388b-487d-b8ad-d3d17d84f1d9","block_type":"box","text":"Return before operating charges *","page_number":23,"box":{"x":136,"y":532,"width":232,"height":10}},{"id":"268b005a-1fae-4e69-843e-a5bccecebb4d","block_type":"box","text":"25.7912","page_number":23,"box":{"x":484,"y":532,"width":53,"height":8}},{"id":"e072bcb5-7fae-40d0-b831-a7aa2c4f12aa","block_type":"box","text":"22.7515","page_number":23,"box":{"x":620,"y":532,"width":54,"height":8}},{"id":"6f304598-0ccb-456d-8aca-bff7723690c4","block_type":"box","text":"15.0009","page_number":23,"box":{"x":757,"y":532,"width":53,"height":8}},{"id":"2a48cc66-f768-44b5-8bdb-e399046ba25c","block_type":"box","text":"4.7234","page_number":23,"box":{"x":900,"y":532,"width":46,"height":8}},{"id":"d3de9c02-3f72-46da-afce-accec35f92ee","block_type":"box","text":"Operating charges","page_number":23,"box":{"x":136,"y":546,"width":123,"height":10}},{"id":"a70ab82e-ff82-4906-b89c-da76ba2265cf","block_type":"box","text":"(0.3700)","page_number":23,"box":{"x":482,"y":546,"width":55,"height":10}},{"id":"047b810e-a1ff-417e-aaf5-279a772314fa","block_type":"box","text":"(0.6300)","page_number":23,"box":{"x":619,"y":546,"width":55,"height":10}},{"id":"99bfea5c-bcc5-4228-bd3a-615750f915e4","block_type":"box","text":"(0.4700)","page_number":23,"box":{"x":755,"y":546,"width":55,"height":10}},{"id":"1e4d1f94-66ca-4d7f-9f57-5eebedb6cbf4","block_type":"box","text":"(0.7500)","page_number":23,"box":{"x":891,"y":546,"width":55,"height":10}},{"id":"3ed9b3be-f541-48e4-b245-d8922ed098b3","block_type":"box","text":"Return after operating charges","page_number":23,"box":{"x":136,"y":561,"width":213,"height":11}},{"id":"721d5126-dd95-4d8b-868a-9d0716502ad7","block_type":"box","text":"25.4212","page_number":23,"box":{"x":483,"y":562,"width":54,"height":8}},{"id":"b8407057-33bc-4d72-8120-9815c01b1815","block_type":"box","text":"22.1215","page_number":23,"box":{"x":620,"y":562,"width":53,"height":8}},{"id":"945b2a2c-a902-413b-8967-8fd9b74a90cf","block_type":"box","text":"14.5309","page_number":23,"box":{"x":756,"y":562,"width":53,"height":8}},{"id":"46b03ec3-24c4-44c3-9471-cb89e059447a","block_type":"box","text":"3.9734","page_number":23,"box":{"x":900,"y":562,"width":46,"height":8}},{"id":"ea688469-bbfa-4974-9cbb-7a2de88ada24","block_type":"box","text":"Distribution","page_number":23,"box":{"x":136,"y":576,"width":79,"height":8}},{"id":"69771559-83c8-4deb-b0a1-fc903d2a56cc","block_type":"box","text":"0.0000","page_number":23,"box":{"x":492,"y":576,"width":46,"height":8}},{"id":"102c0fe5-8783-4158-9a4a-d796c06ec39d","block_type":"box","text":"0.0000","page_number":23,"box":{"x":628,"y":576,"width":46,"height":8}},{"id":"29c6b073-b873-4d65-a37f-5dc72d8c0c00","block_type":"box","text":"0.0000","page_number":23,"box":{"x":764,"y":576,"width":46,"height":8}},{"id":"642537f0-c5de-4855-b554-3261c775c00d","block_type":"box","text":"0.0000","page_number":23,"box":{"x":901,"y":576,"width":45,"height":8}},{"id":"8d552f85-1232-49b9-87a9-cd5924cc6f20","block_type":"box","text":"Retained distribution on acc shares","page_number":23,"box":{"x":136,"y":590,"width":238,"height":9}},{"id":"c4aa69ae-a937-49f8-8035-fd1ddd759029","block_type":"box","text":"0.0000","page_number":23,"box":{"x":492,"y":591,"width":46,"height":8}},{"id":"cd4bac33-c207-42c9-ab62-c2134b574a6b","block_type":"box","text":"0.0000","page_number":23,"box":{"x":628,"y":591,"width":46,"height":8}},{"id":"f0b34183-82d9-4fd2-9e69-3f505994327e","block_type":"box","text":"0.0000","page_number":23,"box":{"x":764,"y":591,"width":46,"height":8}},{"id":"21ee9e22-c065-4fee-ab04-90cb7dced148","block_type":"box","text":"0.0000","page_number":23,"box":{"x":901,"y":591,"width":45,"height":8}},{"id":"6afb9349-e9c1-40ea-ab58-42af3c72cf23","block_type":"box","text":"Closing net asset value per share","page_number":23,"box":{"x":136,"y":606,"width":226,"height":10}},{"id":"b852f53c-3684-4995-b4d8-dd93a0dac848","block_type":"box","text":"138.3166","page_number":23,"box":{"x":475,"y":606,"width":62,"height":8}},{"id":"90bb3316-743e-4fb3-bcc2-d169e7c701b3","block_type":"box","text":"112.8954","page_number":23,"box":{"x":612,"y":606,"width":62,"height":8}},{"id":"a92306da-7588-47ef-834e-40ce479b1b87","block_type":"box","text":"90.7739","page_number":23,"box":{"x":755,"y":606,"width":54,"height":8}},{"id":"a23a1afa-25d4-4fea-897f-d26df3153481","block_type":"box","text":"76.2430","page_number":23,"box":{"x":892,"y":606,"width":54,"height":8}},{"id":"e4e93667-069b-48f0-a481-708a5f751336","block_type":"box","text":"* After direct transaction costs of","page_number":23,"box":{"x":136,"y":623,"width":227,"height":8}},{"id":"24f5e8da-6b3f-4ca6-9c7b-fefc46ade35a","block_type":"box","text":"0.1098","page_number":23,"box":{"x":492,"y":623,"width":46,"height":8}},{"id":"32e16907-5847-4851-b0ce-3e6d87a5f741","block_type":"box","text":"0.0638","page_number":23,"box":{"x":628,"y":623,"width":46,"height":8}},{"id":"683384c7-fad5-4053-8e17-fb9949d24d45","block_type":"box","text":"0.1068","page_number":23,"box":{"x":764,"y":623,"width":46,"height":8}},{"id":"d59c8721-9551-426a-8a31-20c7c005f69d","block_type":"box","text":"0.0546","page_number":23,"box":{"x":901,"y":623,"width":45,"height":8}},{"id":"c94d06c1-4c2c-43a8-a8ab-6ac90af4f4e1","block_type":"box","text":"Performance","page_number":23,"box":{"x":76,"y":652,"width":89,"height":8}},{"id":"9773157c-c229-41f1-b0c7-7df0b9f7e60b","block_type":"box","text":"Return after charges","page_number":23,"box":{"x":136,"y":666,"width":139,"height":11}},{"id":"a3e01735-45ad-4505-8726-3f559ace25cc","block_type":"box","text":"22.52%","page_number":23,"box":{"x":489,"y":667,"width":49,"height":8}},{"id":"11479d2c-0377-4b00-b308-e06e4f08c367","block_type":"box","text":"24.37%","page_number":23,"box":{"x":625,"y":667,"width":49,"height":8}},{"id":"eee5c36b-9ade-4ffe-bdb8-694fe5c99e85","block_type":"box","text":"19.06%","page_number":23,"box":{"x":761,"y":667,"width":49,"height":8}},{"id":"d50292fd-fddb-4846-a126-2e25f0c81cdb","block_type":"box","text":"5.50%","page_number":23,"box":{"x":906,"y":667,"width":40,"height":8}},{"id":"35165486-5a0b-4930-8b5b-36b806357860","block_type":"box","text":"Other","page_number":23,"box":{"x":76,"y":695,"width":44,"height":8}},{"id":"2e2f68ab-e6ec-4c02-a2bf-18fba5f54eec","block_type":"box","text":"Information","page_number":23,"box":{"x":121,"y":695,"width":82,"height":8}},{"id":"3546bf5b-afca-40ad-ac2c-7278b029c1f2","block_type":"box","text":"Closing net asset value (£)","page_number":23,"box":{"x":136,"y":709,"width":175,"height":11}},{"id":"86a3e4ff-af89-49a8-9b4d-d44500681058","block_type":"box","text":"10,718,825","page_number":23,"box":{"x":463,"y":710,"width":74,"height":9}},{"id":"bd6823e3-cbac-4670-802b-ce1e4bddfb70","block_type":"box","text":"4,736,333","page_number":23,"box":{"x":607,"y":710,"width":67,"height":9}},{"id":"aac6c1d3-5b63-4865-a6a5-91018feea0d7","block_type":"box","text":"4,589,534","page_number":23,"box":{"x":743,"y":710,"width":67,"height":9}},{"id":"da4a9b30-5f71-436d-9ade-bcfb8dbdf17d","block_type":"box","text":"3,994,727","page_number":23,"box":{"x":879,"y":710,"width":67,"height":9}},{"id":"20f8e9b6-cb95-4bb8-a263-d011713845fd","block_type":"box","text":"Closing number of shares","page_number":23,"box":{"x":136,"y":724,"width":171,"height":10}},{"id":"f708a0e8-9793-4d47-bcab-3f4be52ca376","block_type":"box","text":"7,749,486","page_number":23,"box":{"x":471,"y":725,"width":67,"height":9}},{"id":"d8ef7f34-d735-4f20-a0f8-d3bef999c861","block_type":"box","text":"4,195,328","page_number":23,"box":{"x":607,"y":725,"width":67,"height":9}},{"id":"f3b3db33-9272-45b7-bfba-1388c9222969","block_type":"box","text":"5,056,009","page_number":23,"box":{"x":743,"y":725,"width":67,"height":9}},{"id":"dc3d707e-1b55-459d-ba27-52804a62bd39","block_type":"box","text":"5,239,470","page_number":23,"box":{"x":879,"y":725,"width":67,"height":9}},{"id":"f9e99e52-a841-490a-afcf-fe0fdfca622c","block_type":"box","text":"OCF","page_number":23,"box":{"x":136,"y":739,"width":26,"height":8}},{"id":"34554b5f-4e93-4031-86e2-40237f22dcd5","block_type":"box","text":"^","page_number":23,"box":{"x":489,"y":739,"width":7,"height":5}},{"id":"9888294c-fdac-442e-bddb-a4c63abeff42","block_type":"box","text":"1.00","page_number":23,"box":{"x":498,"y":739,"width":28,"height":8}},{"id":"42d78810-19ee-46a1-bce4-2e06585625de","block_type":"box","text":"%","page_number":23,"box":{"x":527,"y":739,"width":11,"height":8}},{"id":"f6842fc5-375e-4ffa-85b5-d70508c3ff4c","block_type":"box","text":"^","page_number":23,"box":{"x":625,"y":739,"width":7,"height":5}},{"id":"3f6acd89-942e-45c6-9106-7e19b8fc1c1f","block_type":"box","text":"1","page_number":23,"box":{"x":634,"y":739,"width":7,"height":8}},{"id":"f04f2984-4c66-4006-ae91-f414f80c3781","block_type":"box","text":".00%","page_number":23,"box":{"x":643,"y":739,"width":31,"height":8}},{"id":"104a318b-393e-42d6-9f82-1ba834b1ecef","block_type":"box","text":"1.00%","page_number":23,"box":{"x":770,"y":739,"width":40,"height":8}},{"id":"80818724-89fb-4711-b5f3-612b96db0143","block_type":"box","text":"1.39%","page_number":23,"box":{"x":906,"y":739,"width":40,"height":8}},{"id":"19d5559a-67e0-4794-82d2-33cdc01fa8ec","block_type":"box","text":"Direct transaction costs","page_number":23,"box":{"x":136,"y":754,"width":159,"height":7}},{"id":"6f22d9b3-a680-4eb8-b80e-a9a3e3cfb737","block_type":"box","text":"0.09%","page_number":23,"box":{"x":497,"y":754,"width":41,"height":8}},{"id":"0675be07-515d-4f36-9d7e-9d090508c0fb","block_type":"box","text":"0.06%","page_number":23,"box":{"x":633,"y":754,"width":41,"height":8}},{"id":"4e5fd27d-427a-416b-a1c7-a5de53ac314b","block_type":"box","text":"0.13%","page_number":23,"box":{"x":769,"y":754,"width":41,"height":8}},{"id":"af661cec-7983-4017-af10-06c155fc9fb1","block_type":"box","text":"0.07%","page_number":23,"box":{"x":905,"y":754,"width":41,"height":8}},{"id":"4efb8aef-fa72-40a7-9670-cf0cf6acf68f","block_type":"box","text":"Prices","page_number":23,"box":{"x":76,"y":782,"width":40,"height":8}},{"id":"5be056df-7304-488f-9676-deabb9f4f647","block_type":"box","text":"Highest share price (pence)","page_number":23,"box":{"x":136,"y":796,"width":184,"height":11}},{"id":"13a50f40-1007-4ee8-94d1-2ba3337f1eb2","block_type":"box","text":"138.54","page_number":23,"box":{"x":493,"y":797,"width":45,"height":8}},{"id":"d99d7f08-61cf-4860-8b3a-bcb344d6f67b","block_type":"box","text":"121.04","page_number":23,"box":{"x":629,"y":797,"width":45,"height":8}},{"id":"f3472e58-6f64-4cdb-9440-305559f55921","block_type":"box","text":"95.85","page_number":23,"box":{"x":773,"y":797,"width":36,"height":8}},{"id":"c0746684-b2f9-4232-be40-1132ba62ccd8","block_type":"box","text":"80.05","page_number":23,"box":{"x":909,"y":797,"width":37,"height":8}},{"id":"01d4dc99-2eb4-46bd-8acd-e88ac954b028","block_type":"box","text":"Lowest share price (pence)","page_number":23,"box":{"x":136,"y":811,"width":181,"height":10}},{"id":"d832d52f-09af-4482-a169-56b109742872","block_type":"box","text":"103.03","page_number":23,"box":{"x":493,"y":812,"width":44,"height":7}},{"id":"750406d0-a913-4fda-98ad-0b32fa090f80","block_type":"box","text":"74.43","page_number":23,"box":{"x":637,"y":812,"width":37,"height":7}},{"id":"cf913442-34e2-4a07-b700-40df6253aeaa","block_type":"box","text":"73.93","page_number":23,"box":{"x":773,"y":812,"width":36,"height":7}},{"id":"7a8898e9-ee38-4599-9efd-b74fd00badd2","block_type":"box","text":"66.66","page_number":23,"box":{"x":909,"y":812,"width":37,"height":7}},{"id":"8d2e538e-f24f-4c1d-a5ea-256ab04533f3","block_type":"box","text":"^The OCF stated for the p","page_number":23,"box":{"x":67,"y":860,"width":164,"height":11}},{"id":"cc313643-b1b5-462f-a303-d8356485c7a9","block_type":"box","text":"period","page_number":23,"box":{"x":231,"y":860,"width":48,"height":11}},{"id":"8d8e56f1-3c00-4045-aba5-7850562cc122","block_type":"box","text":"ende","page_number":23,"box":{"x":280,"y":860,"width":32,"height":9}},{"id":"c0237d03-4952-429d-a4fa-01e41d202531","block_type":"box","text":"d","page_number":23,"box":{"x":313,"y":860,"width":8,"height":9}},{"id":"9ceda5f8-4cd5-47a4-9a24-a3b494150c08","block_type":"box","text":"30 June 2026","page_number":23,"box":{"x":326,"y":861,"width":88,"height":8}},{"id":"d1b31802-abe5-4551-ba2b-6dd1ee26d7b9","block_type":"box","text":"and 31 December 2025","page_number":23,"box":{"x":419,"y":860,"width":161,"height":9}},{"id":"4100bd36-b746-4c09-b793-2d1e68e5918e","block_type":"box","text":"does","page_number":23,"box":{"x":581,"y":860,"width":31,"height":9}},{"id":"5c77cb38-9eb7-4b5e-b105-5d41cd22dd0a","block_type":"box","text":"not include costs incurred by underlying closed","page_number":23,"box":{"x":617,"y":860,"width":319,"height":11}},{"id":"17ae51bc-ae66-4919-96cd-0676a857f86a","block_type":"box","text":"ended funds. Where prior year OCFs included such costs, those figures may not be directly comparable year on year.","page_number":23,"box":{"x":67,"y":875,"width":783,"height":10}},{"id":"974bdfb7-cf89-4921-8d81-d3c73cef4cd1","block_type":"box","text":"From 1","page_number":23,"box":{"x":67,"y":905,"width":46,"height":7}},{"id":"f6e08f53-b767-4638-bd8b-7bb8d60fe9f5","block_type":"box","text":"st","page_number":23,"box":{"x":114,"y":903,"width":8,"height":5}},{"id":"8ea4ba9e-aec3-446f-ac4c-59cca92bfd98","block_type":"box","text":"July 2026 the Investment Manager of the Sub","page_number":23,"box":{"x":125,"y":904,"width":308,"height":10}},{"id":"592753b1-c8b8-44b9-b643-eef1abcd056c","block_type":"box","text":"-f","page_number":23,"box":{"x":435,"y":909,"width":4,"height":1}},{"id":"719288c6-404d-4259-b1cb-75a52673d6ae","block_type":"box","text":"-fund has undertaken to absorb any costs that would otherwise cause the","page_number":23,"box":{"x":437,"y":904,"width":499,"height":10}},{"id":"2c0725e0-8426-4c57-9af8-b7cfd7e142f2","block_type":"box","text":"A Accumulation","page_number":23,"box":{"x":66,"y":919,"width":111,"height":8}},{"id":"7a5ca171-2a55-4d05-8e58-dca85a54d41d","block_type":"box","text":"share class to have ongoing charges in excess of 0.75%.","page_number":23,"box":{"x":177,"y":919,"width":374,"height":10}},{"id":"3e43cf51-2c57-4258-bf69-a8de6989de46","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":23,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"03613a11-2bb8-4fd0-8e5f-c325522b6dca","block_type":"box","text":"MGTS IDAD Fund","page_number":24,"box":{"x":204,"y":45,"width":116,"height":8}},{"id":"9467a3e8-ff79-42c0-b1e4-291a37fccd49","block_type":"box","text":"-","page_number":24,"box":{"x":325,"y":50,"width":4,"height":1}},{"id":"b76bf4f4-22d7-43b6-b78a-3f40a8795b80","block_type":"box","text":"MGTS IDAD Future Wealth Fund","page_number":24,"box":{"x":334,"y":45,"width":217,"height":8}},{"id":"28cff735-be6a-4a90-87d7-3a6ed289fdce","block_type":"box","text":"-","page_number":24,"box":{"x":556,"y":50,"width":4,"height":1}},{"id":"a0b247a9-078d-49be-b74d-63a4c7d7a5c9","block_type":"box","text":"fo","page_number":24,"box":{"x":562,"y":45,"width":9,"height":10}},{"id":"d789e8eb-d8a6-4dd2-a62c-69e757162c11","block_type":"box","text":"for the p","page_number":24,"box":{"x":570,"y":45,"width":43,"height":8}},{"id":"31fbb746-2826-4aed-9350-d82d5eef3d1b","block_type":"box","text":"period","page_number":24,"box":{"x":613,"y":45,"width":44,"height":10}},{"id":"5d6a4346-f441-4c4b-814f-687be57199ad","block_type":"box","text":"ended","page_number":24,"box":{"x":661,"y":45,"width":46,"height":8}},{"id":"b42431b3-fae9-43a8-93fc-34748e078885","block_type":"box","text":"30 June 2026","page_number":24,"box":{"x":707,"y":45,"width":89,"height":8}},{"id":"f68867e2-0bf0-43e0-887b-912bcc52fad5","block_type":"box","text":"21","page_number":24,"box":{"x":66,"y":972,"width":16,"height":8}},{"id":"b9c44425-5ec5-43c5-a558-d73bce67a03b","block_type":"box","text":"Margetts Fund Management Limited","page_number":24,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"fa551d85-274e-45e3-abaf-4dd3a7643336","block_type":"box","text":"Risk Warning","page_number":24,"box":{"x":68,"y":68,"width":126,"height":14}},{"id":"83004dfe-74cc-4eed-9222-33bfa371a2b1","block_type":"box","text":"An investment in an open","page_number":24,"box":{"x":66,"y":87,"width":186,"height":10}},{"id":"25aa8523-a84a-4016-a6bd-c07fcb8a9a7f","block_type":"box","text":"-","page_number":24,"box":{"x":254,"y":92,"width":4,"height":0}},{"id":"8467cfc9-5c75-4c7f-8f53-cb221a5de6fc","block_type":"box","text":"ended investment company (OEIC) should be regarded as a medium to long term investment.","page_number":24,"box":{"x":259,"y":87,"width":677,"height":10}},{"id":"aa451bab-7b4a-4916-9015-3ecadc4c7082","block_type":"box","text":"Investors should be aware that the price of shares and the income from them can fall as well as rise and investors may not","page_number":24,"box":{"x":67,"y":101,"width":869,"height":11}},{"id":"df5d1e5e-85fa-4f2d-8556-5128f58e9313","block_type":"box","text":"receive back the ful","page_number":24,"box":{"x":67,"y":116,"width":131,"height":8}},{"id":"35bb6235-c560-4c10-be7f-60da173df4bc","block_type":"box","text":"l amount invested. Past performance is not a guide to future performance.","page_number":24,"box":{"x":201,"y":116,"width":510,"height":10}},{"id":"948677e4-6f3e-4bf3-ad99-e99d8a1bd928","block_type":"box","text":"Fund Performance","page_number":24,"box":{"x":68,"y":146,"width":177,"height":12}},{"id":"881df1bb-8966-427d-a57e-401e59072004","block_type":"box","text":"The performance of the Sub","page_number":24,"box":{"x":66,"y":165,"width":191,"height":11}},{"id":"031df94d-626f-49ef-972a-7dff6da5e48d","block_type":"box","text":"-","page_number":24,"box":{"x":258,"y":170,"width":4,"height":1}},{"id":"54142ead-2fbb-4f37-9fc6-dfbae7a3526b","block_type":"box","text":"fund is shown in the Investment Manager’s Report.","page_number":24,"box":{"x":263,"y":165,"width":348,"height":11}},{"id":"fd11b46e-c236-4d52-ba75-e8a78ce45114","block_type":"box","text":"Synthetic Risk and Reward Indicator","page_number":24,"box":{"x":67,"y":196,"width":350,"height":14}},{"id":"be8ad4a7-734c-49ac-8212-84d4a82651f9","block_type":"box","text":"The risk and reward score is based on past performance and calculated in accordance with","page_number":24,"box":{"x":66,"y":358,"width":617,"height":10}},{"id":"c6be07ca-416d-4bb3-acfa-38239be7076c","block_type":"box","text":"European legislation. It may not be a","page_number":24,"box":{"x":685,"y":358,"width":252,"height":10}},{"id":"5b5449c8-bb92-4fdb-9977-ed1b57237cb7","block_type":"box","text":"reliable indication of the future risk profile.","page_number":24,"box":{"x":67,"y":372,"width":292,"height":11}},{"id":"9b523988-43bf-496b-936b-c94f4b74977f","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":24,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"616792db-6b47-4b8a-a8e2-8652ccc41777","block_type":"box","text":"MGTS IDAD Fund","page_number":25,"box":{"x":320,"y":45,"width":116,"height":8}},{"id":"eb14176b-191a-4dae-ad71-47d2446a6204","block_type":"box","text":"-","page_number":25,"box":{"x":440,"y":50,"width":4,"height":1}},{"id":"bf6a11c0-874c-415f-8353-124cade60152","block_type":"box","text":"fo","page_number":25,"box":{"x":447,"y":45,"width":8,"height":10}},{"id":"9dc74aef-bfd3-4fb6-9a75-3b23c32c8288","block_type":"box","text":"for the","page_number":25,"box":{"x":454,"y":45,"width":44,"height":8}},{"id":"0e453177-e56c-4d8a-8e5f-eb43a9c00cff","block_type":"box","text":"period","page_number":25,"box":{"x":498,"y":45,"width":43,"height":10}},{"id":"5f82cdf4-9fc3-45e1-8cff-538c02101213","block_type":"box","text":"ended","page_number":25,"box":{"x":546,"y":45,"width":45,"height":8}},{"id":"45f223b2-95c4-4915-a056-97ff48bd0354","block_type":"box","text":"30 June 2026","page_number":25,"box":{"x":591,"y":45,"width":89,"height":8}},{"id":"8b47f978-4235-4eaf-9503-850510aaba46","block_type":"box","text":"22","page_number":25,"box":{"x":66,"y":972,"width":17,"height":8}},{"id":"2bbda2d2-13da-44f8-8b97-4f17abf07530","block_type":"box","text":"Margetts Fund Management Limited","page_number":25,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"7bd811d7-fc38-42f2-82fb-0b41801ba859","block_type":"box","text":"General Information","page_number":25,"box":{"x":67,"y":68,"width":224,"height":14}},{"id":"fd4fcd58-563f-4836-bd1a-d56ef0f86747","block_type":"box","text":"Valuation Point","page_number":25,"box":{"x":66,"y":108,"width":108,"height":8}},{"id":"4754a1e6-1531-4e88-a21d-eabe0259e52a","block_type":"box","text":"The Valuation Point of","page_number":25,"box":{"x":66,"y":122,"width":159,"height":9}},{"id":"c86b1cb0-9460-40c0-89b9-347d6130be41","block_type":"box","text":"the Fund is at","page_number":25,"box":{"x":227,"y":123,"width":99,"height":8}},{"id":"9b16be82-cc54-457f-8116-5e7e32c7bba6","block_type":"box","text":"12:00","page_number":25,"box":{"x":329,"y":123,"width":40,"height":8}},{"id":"7e6d4b0e-e156-4015-ba1e-5e93d97cab42","block_type":"box","text":"each business day. Valuations may be made at other times with the Depositary’s","page_number":25,"box":{"x":372,"y":122,"width":564,"height":11}},{"id":"fc3081cc-a7d6-459d-99a6-518261ddc62b","block_type":"box","text":"approval.","page_number":25,"box":{"x":67,"y":137,"width":62,"height":10}},{"id":"fde49245-19fb-4219-b2ea-ba00d2118382","block_type":"box","text":"Buying and Selling of Shares","page_number":25,"box":{"x":67,"y":166,"width":194,"height":10}},{"id":"67570530-a1fd-41fe-80fa-7b97b8263480","block_type":"box","text":"The ACD will accept orders to buy or sell shares on normal business days between 9.00am","page_number":25,"box":{"x":66,"y":180,"width":619,"height":11}},{"id":"9a9c472c-5960-4523-86bd-6ed224c42ede","block_type":"box","text":"and 5.00pm and transactions will be","page_number":25,"box":{"x":687,"y":180,"width":250,"height":11}},{"id":"25656509-928f-4173-9a1b-9034969bcaf3","block_type":"box","text":"effected at prices determined by the following valuation. Instructions to buy or sell shares may be made either in writing to","page_number":25,"box":{"x":67,"y":195,"width":860,"height":10}},{"id":"a61f6a97-5da4-4513-b7c9-c0437a3c5370","block_type":"box","text":":","page_number":25,"box":{"x":930,"y":198,"width":7,"height":5}},{"id":"b745e99b-6def-4c25-bee0-795d0964fa8c","block_type":"box","text":"Margetts Fund Management Limited, PO Box 17067, Birmingham, B2 2HL or by telephone on 0345 60","page_number":25,"box":{"x":67,"y":209,"width":702,"height":11}},{"id":"53f68db6-a711-41fc-8bb5-056a1fab0972","block_type":"box","text":"7 6808. A contract note","page_number":25,"box":{"x":770,"y":210,"width":167,"height":8}},{"id":"01e9afe0-c353-436a-a5d9-9c3dbbed4250","block_type":"box","text":"will be issued by close of business on the next business day after the dealing date to confirm the transaction.","page_number":25,"box":{"x":66,"y":224,"width":739,"height":10}},{"id":"a12911ef-3093-4b18-b045-37a54d59466a","block_type":"box","text":"Prices","page_number":25,"box":{"x":67,"y":253,"width":40,"height":8}},{"id":"b6d94f03-21bb-4f6d-bfca-b1ffd8bb34a0","block_type":"box","text":"The most recent prices of shares are published on the Margetts website at","page_number":25,"box":{"x":66,"y":267,"width":534,"height":11}},{"id":"91a90e3f-a29e-4b98-ad29-8897692d53d3","block_type":"box","text":"https://investors.mgtsfunds.com/","page_number":25,"box":{"x":604,"y":267,"width":230,"height":11}},{"id":"9917cc6a-f654-4a27-add8-b0865c9644b7","block_type":"box","text":",","page_number":25,"box":{"x":834,"y":274,"width":3,"height":3}},{"id":"3b7ee31a-41f4-44e6-8175-4d32120bd07b","block_type":"box","text":"selecting the","page_number":25,"box":{"x":845,"y":267,"width":92,"height":11}},{"id":"3440eec7-d4ef-45e2-bff2-619c4ed2875d","block_type":"box","text":"Literature and Prices tab.","page_number":25,"box":{"x":67,"y":282,"width":170,"height":8}},{"id":"ebe156a4-b1b6-437d-bee6-af9699d3c3ff","block_type":"box","text":"Other Information","page_number":25,"box":{"x":67,"y":311,"width":126,"height":8}},{"id":"2e2f8a61-54ee-445d-bc8f-24254a865a1a","block_type":"box","text":"The Instrument of Incorporation, Prospectus, Key Investor Information Document, Supplementary Information Document and","page_number":25,"box":{"x":66,"y":325,"width":870,"height":11}},{"id":"6fa67452-12a6-4a43-a25d-e77b6afbed4a","block_type":"box","text":"the latest annual and interim reports may be inspected at the offices of the ACD, with a copy available, free of charge, on w","page_number":25,"box":{"x":66,"y":340,"width":827,"height":10}},{"id":"fc66b5ad-8536-4b1a-b487-8b5a666726fa","block_type":"box","text":"ritten","page_number":25,"box":{"x":896,"y":340,"width":41,"height":8}},{"id":"7ff4249b-d6d1-4d33-a739-dd758d30f175","block_type":"box","text":"reque","page_number":25,"box":{"x":67,"y":357,"width":39,"height":8}},{"id":"2d8efc31-758e-460f-a09b-266e4cc111d5","block_type":"box","text":"st.","page_number":25,"box":{"x":107,"y":356,"width":15,"height":7}},{"id":"4ec1c9e3-f59f-40d1-9b34-aa6d9f56bdef","block_type":"box","text":"The register of shareholders can be inspected by shareholders during normal business hours at the offices of the Administrato","page_number":25,"box":{"x":66,"y":383,"width":855,"height":11}},{"id":"eb663a08-e4b8-4598-803b-150a81d921bd","block_type":"box","text":"r.","page_number":25,"box":{"x":924,"y":386,"width":8,"height":6}},{"id":"f103db07-96b7-4a0f-9862-b9c6ef00611b","block_type":"box","text":"The Head Office of the Company is at 1 Sovereign Court, Graham Street, Birmingham B1 3JR and is also the address of the place","page_number":25,"box":{"x":66,"y":412,"width":865,"height":11}},{"id":"a9f97664-f746-4dad-8a09-ada6d6216818","block_type":"box","text":"in the United Kingdom for service on the Company of notices or other documents required or authorised to be served on it.","page_number":25,"box":{"x":67,"y":427,"width":839,"height":10}},{"id":"d9c942fb-fd89-4bb9-a444-f0039e38afb0","block_type":"box","text":"The base currency of the Company is pounds (£) sterling.","page_number":25,"box":{"x":66,"y":456,"width":391,"height":10}},{"id":"75586a29-dba2-41c5-88c2-cbcf919c940e","block_type":"box","text":"The maximum share capital of the Company is currently £10,000,000,000 and the minimum is £1,000. Shares in the Company","page_number":25,"box":{"x":66,"y":485,"width":870,"height":10}},{"id":"f2520927-ffe4-449c-a3dd-71630a22ecd5","block_type":"box","text":"have no par value and therefore the share capital of the Company at all times equals the Company’s current net asset value.","page_number":25,"box":{"x":67,"y":499,"width":844,"height":11}},{"id":"53041e46-4be8-4835-ab42-c68ab332d64a","block_type":"box","text":"Shareholders who have any complaints about the operation of the Fund should contact the ACD or the Depositary in the first","page_number":25,"box":{"x":67,"y":529,"width":869,"height":10}},{"id":"ab3371dc-d5ba-4d69-a0b7-ae505edcaa51","block_type":"box","text":"instance. In the event that a shareholder finds the response unsatisfactory, they may make their complaint direct to the Fina","page_number":25,"box":{"x":67,"y":543,"width":832,"height":10}},{"id":"e6879e13-407e-41db-96ed-15a12ff9e687","block_type":"box","text":"ncial","page_number":25,"box":{"x":902,"y":543,"width":35,"height":8}},{"id":"fca87f7c-b5b0-4539-b1ab-b285f069beee","block_type":"box","text":"Om","page_number":25,"box":{"x":67,"y":558,"width":23,"height":8}},{"id":"73bf1705-4f9f-4770-a4b1-148b250bcfbc","block_type":"box","text":"budsman Service at Exchange Tower, London E14 9SR or email to: complaint.info@financial","page_number":25,"box":{"x":92,"y":558,"width":656,"height":10}},{"id":"2129b5a1-6725-404c-b466-e7221297ba25","block_type":"box","text":"-","page_number":25,"box":{"x":750,"y":562,"width":4,"height":1}},{"id":"cd99922d-d34d-4c3f-90da-c51b5d118807","block_type":"box","text":"ombudsman.org.uk or by","page_number":25,"box":{"x":756,"y":558,"width":181,"height":10}},{"id":"89c4de2a-18fe-416a-9d83-1a7c6b7cc5f4","block_type":"box","text":"telephone to 0800 023 4567.","page_number":25,"box":{"x":66,"y":572,"width":196,"height":10}},{"id":"0648a2de-5027-4746-a132-cb1eaedc6cfa","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":25,"box":{"x":29,"y":13,"width":418,"height":9}},{"id":"ed72410e-31bb-49ce-a756-2e830f379af4","block_type":"box","text":"MGTS IDAD Fund","page_number":26,"box":{"x":320,"y":45,"width":116,"height":8}},{"id":"0576003b-446e-4803-8891-23e296946a97","block_type":"box","text":"-","page_number":26,"box":{"x":440,"y":50,"width":4,"height":1}},{"id":"92b5384f-7846-40dd-9338-1192f4ef4c11","block_type":"box","text":"fo","page_number":26,"box":{"x":447,"y":45,"width":8,"height":10}},{"id":"d9c506d3-ee65-46ec-ac20-443851fd5da1","block_type":"box","text":"for the","page_number":26,"box":{"x":454,"y":45,"width":44,"height":8}},{"id":"7b5753ee-c3e6-4e20-b291-d3821271a54b","block_type":"box","text":"period","page_number":26,"box":{"x":498,"y":45,"width":43,"height":10}},{"id":"da81a46e-9331-4ccb-8545-3158d03fdeb3","block_type":"box","text":"ended","page_number":26,"box":{"x":546,"y":45,"width":45,"height":8}},{"id":"bd5f505e-9dd1-4c87-b6a7-70102ef7c04c","block_type":"box","text":"30 June 2026","page_number":26,"box":{"x":591,"y":45,"width":89,"height":8}},{"id":"de3e100f-4ef6-46c5-93a5-2142fb6b4eaf","block_type":"box","text":"23","page_number":26,"box":{"x":66,"y":972,"width":16,"height":8}},{"id":"cc77fd22-6a71-4d46-8694-f1ef81a165ae","block_type":"box","text":"Margetts Fund Management Limited","page_number":26,"box":{"x":88,"y":972,"width":250,"height":10}},{"id":"474b1a37-a25f-4126-b39d-76c8c17bbc50","block_type":"box","text":"Remuneration","page_number":26,"box":{"x":68,"y":68,"width":156,"height":14}},{"id":"4a88c608-7939-4c87-bea3-867d6f185ad2","block_type":"box","text":"In accordance with the r","page_number":26,"box":{"x":76,"y":93,"width":161,"height":9}},{"id":"9e5495f6-ef23-49a1-be3e-31105bdd5587","block_type":"box","text":"requirements of FUND 3.3.5(5) the total amount of remuneration paid by the ACD to its","page_number":26,"box":{"x":237,"y":93,"width":606,"height":11}},{"id":"7452b112-495f-44de-8645-f94d271946c5","block_type":"box","text":"staff for the financial year ended 30 September 2025 is:","page_number":26,"box":{"x":75,"y":108,"width":385,"height":10}},{"id":"a69089d8-f883-4383-ba4a-d3cef401bc10","block_type":"box","text":"£","page_number":26,"box":{"x":805,"y":123,"width":7,"height":8}},{"id":"4076c099-1de0-44e4-b8cd-f751cefca447","block_type":"box","text":"Fixed Remuneration","page_number":26,"box":{"x":77,"y":138,"width":135,"height":9}},{"id":"069ab660-5b7e-4e36-8ad6-1375fd5a2a92","block_type":"box","text":"4,885,437","page_number":26,"box":{"x":775,"y":139,"width":67,"height":9}},{"id":"f587eec4-5041-4925-8c2b-e976f72e02b2","block_type":"box","text":"Variable Remuneration","page_number":26,"box":{"x":76,"y":154,"width":156,"height":9}},{"id":"e1e70a7a-7493-4473-aa56-6e99861ed596","block_type":"box","text":"1,644,132","page_number":26,"box":{"x":776,"y":155,"width":66,"height":9}},{"id":"7940721c-2e38-483a-8b47-1330cbcef300","block_type":"box","text":"Total","page_number":26,"box":{"x":75,"y":186,"width":35,"height":8}},{"id":"54fc7128-6a5c-4060-b145-e8cad0b4b3e6","block_type":"box","text":"6,529,569","page_number":26,"box":{"x":775,"y":187,"width":67,"height":9}},{"id":"e5c9c736-6112-4c6d-85f6-9e6c9f933340","block_type":"box","text":"Full","page_number":26,"box":{"x":77,"y":217,"width":21,"height":8}},{"id":"cca8e843-773a-4126-93ea-d0716709ff0f","block_type":"box","text":"Time","page_number":26,"box":{"x":104,"y":217,"width":33,"height":8}},{"id":"596aae7b-acdd-4951-8d58-fa72c054cb01","block_type":"box","text":"Equivalent number of staff","page_number":26,"box":{"x":142,"y":217,"width":181,"height":10}},{"id":"cd835793-df15-404c-861e-677706fc0adb","block_type":"box","text":"86","page_number":26,"box":{"x":801,"y":217,"width":16,"height":8}},{"id":"63554eda-c472-4ee4-a869-acbc4ef2a972","block_type":"box","text":"Analysis of senior management","page_number":26,"box":{"x":75,"y":247,"width":220,"height":11}},{"id":"1e6eab2f-83a1-44b9-b1ec-860a2a3d03ac","block_type":"box","text":"£","page_number":26,"box":{"x":805,"y":262,"width":7,"height":8}},{"id":"8afacb27-84b0-4968-8d68-b1b953c3830f","block_type":"box","text":"Senior management","page_number":26,"box":{"x":76,"y":278,"width":137,"height":10}},{"id":"7e83e2fd-e4b4-4f6e-bf08-8d514e2d96cd","block_type":"box","text":"2,093,525","page_number":26,"box":{"x":775,"y":278,"width":67,"height":10}},{"id":"11402ba9-edd4-4b1a-9f17-1ada4a3c70fa","block_type":"box","text":"Staff whose actions may have a material impact on the funds","page_number":26,"box":{"x":76,"y":294,"width":414,"height":10}},{"id":"3a8d0b82-01bb-4272-b447-c664ccb908cd","block_type":"box","text":"-","page_number":26,"box":{"x":807,"y":299,"width":4,"height":0}},{"id":"c7e8b050-3314-436c-8c6a-b2d35dcc7aa2","block_type":"box","text":"Other","page_number":26,"box":{"x":76,"y":310,"width":39,"height":8}},{"id":"15a35d41-6365-4c82-98b4-4c1a00483bdd","block_type":"box","text":"-","page_number":26,"box":{"x":807,"y":315,"width":4,"height":0}},{"id":"b644c6ff-8879-4e8b-917f-1864cb255913","block_type":"box","text":"The remuneration for senior management has been calculated in accordance with the Remuneration Policy and is reviewed","page_number":26,"box":{"x":66,"y":340,"width":870,"height":10}},{"id":"dc152ba3-545a-4854-b54c-80697b8a9f26","block_type":"box","text":"annually. The remuneration policy and, where required by the FCA, how benefits are calculated together with details of the","page_number":26,"box":{"x":67,"y":354,"width":869,"height":11}},{"id":"181cdfbf-0e5e-464c-9d4d-3dcdff5318c0","block_type":"box","text":"remuneration co","page_number":26,"box":{"x":67,"y":369,"width":113,"height":8}},{"id":"b94d4883-4e3d-4e76-b969-f0cdc8a9a13a","block_type":"box","text":"mmittee can be found on the website:","page_number":26,"box":{"x":181,"y":369,"width":261,"height":8}},{"id":"1c1d55af-bf4f-4e75-b67d-ac6a7373375b","block_type":"box","text":"www.margetts.com","page_number":26,"box":{"x":443,"y":370,"width":133,"height":9}},{"id":"aee8e52c-65d0-4eaf-a1f7-1d1c331588a7","block_type":"box","text":". A paper copy of this is available free of charge upon","page_number":26,"box":{"x":579,"y":369,"width":357,"height":10}},{"id":"794ccb73-34b1-49e8-a549-c40358fd2c8d","block_type":"box","text":"request by writing to the compliance officer at 1 Sovereign Court,","page_number":26,"box":{"x":67,"y":383,"width":444,"height":11}},{"id":"9202fe66-7605-4772-82a6-a63a86a7fedb","block_type":"box","text":"Graham Street, Birmingham B1 3JR. No material changes were","page_number":26,"box":{"x":512,"y":383,"width":424,"height":11}},{"id":"e7ef53c8-65d8-4319-8ae1-cddb0468c4df","block_type":"box","text":"made to the Policy or irregularities reported at the last review.","page_number":26,"box":{"x":67,"y":398,"width":424,"height":10}},{"id":"3f7abc8d-dd9f-4adc-8e93-b1e9efc2e52c","block_type":"box","text":"Docusign Envelope ID: 9D747430-D59F-8D9C-820B-CC7545F1D4BC","page_number":26,"box":{"x":29,"y":13,"width":418,"height":9}}],"unit":"per_mille","page_width":595,"page_height":841,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":26}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"a5de7651-0de0-4de4-92f0-d15a5728a6b3"},"user_id":1000002,"date_created":"2026-10-23T22:34:13.430000Z","date_modified":"2026-10-23T22:34:13.430000Z","private":false}