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05/10/2026 08:55:28 - 5444
Non-UCITS Retail Scheme Key investor information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. MGTS Theia Defensive Income Fund Inc (GB00BTZN3J60) The Sub-fund is managed by Margetts Fund Management Limited. Objective and Investment Policy Investment Objective The objective of the Sub-fund is to provide income. How will the objective be achieved? To provide income through a defensive allocation, at least 80% of exposure will be to a range of global bonds (which may include government, corporate, sub-investment grade and inflation linked) across any economic sector and geographic area and/or cash. Typically, the Sub-fund will have exposure to shorter-dated bonds (less than 5 years to maturity) and hedge currency to Sterling, although there are no limits or restrictions on exposure to currency or longer-dated bonds. Exposure to currencies other than to Sterling is subject to currency fluctuations which could add to the rise and fall in value of investments. The Sub-fund can have up to 20% exposure in other asset classes, such as shares, property and/or investments that have the objective of providing a positive return in any market conditions. Where typical exposures are stated above, they provide an expectation over a normal investment cycle and reflect the Investment Manager’s assessment of the potential income available from different bonds and asset classes, whilst taking into account downside risks. There may be times when the allocation to shares and/or property will be towards upper limits when income generated from these asset classes is high relative to bonds, taking into account the perceived risk of capital losses. The flexibility of the policy to pursue income strategies, either through longer dated bonds, or limited exposure to other asset classes, may mean that there is a higher risk of capital losses during certain periods. To provide the above exposures, a minimum of 50% of the Sub-fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The Sub-fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts or structured products. The Manager has agreed with the Depositary it will charge up to 100% of the annual management fee to the Sub-fund’s capital account. This will increase the distributable income by that amount and reduce the capital by a similar amount and may constrain capital growth.
Management Style The Sub-fund will be actively managed. This means that the Investment Manager will use their expertise to select investments, rather than tracking a stock exchange or index.
Derivative Use The use of derivatives and/or hedging transactions are permitted in connection with efficient portfolio management (managing the Sub-fund in a way that is designed to reduce risk or cost and/or generate extra income or growth or both). The Sub-fund may hold assets which embed derivatives that are used for investment purposes and efficient portfolio management, although this would not materially affect the risk exposure of the Sub-fund. General Shares in the Sub-fund can be bought and sold daily (every Business Day of the Sub-fund). If you invest in income shares, income from investments in the Sub-fund will be paid out to you. If you invest in accumulation shares, income will be retained in the value of your shares. Recommendation: this Sub-fund may not be appropriate for investors who plan to withdraw their money within 3 years. Risk and Reward Profile
The risk and reward score is not guaranteed and may change over time. The lowest category does not mean risk free. The Sub-fund is in this category due to the nature of its investments and previous levels of volatility (how much the value of the Sub-fund rises and falls). The risk and reward score is based on past performance and calculated in accordance with European legislation. It may not be a reliable indication of the future risk profile. The following risk factors are relevant to the overall risk profile of the Sub-fund. A full description of risk warnings is provided in the prospectus, which is available on our website, or by requesting a copy.
Exposure to currencies other than the base currency is subject to currency fluctuations which could add to the rise and fall in value of investments. Investments in collective investment schemes may provide a higher level of diversification but may also increase costs. The underlying collective investment schemes may also experience operational or credit issues which could impact liquidity (the ability to sell) or capital value. Fixed interest securities can be affected by trends in interest rates and inflation. If interest rates go up, the value of capital may fall, and vice versa. The value may also be affected by the issuer's credit rating and may be less liquid than other investments, which means that they could be harder to sell at the expected price. The objective, policy and strategy set out above should align with the objectives of the investors and their minimum timeframe for investment.
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Charges The charges you pay are used to pay the costs of running the Sub-fund, including the costs of marketing and distribution. These charges reduce the potential growth of your investment.
One-off charges taken before or after you invest
Entry Charge 0.00%
Exit Charge 0.00%
Charges taken from the Sub-fund over a year Ongoing Charges 0.61%
Performance Fee 0.00%
The entry and exit charges shown are the maximum figures. In some cases you might pay less – you can find this out from your financial adviser.
The ongoing charges figure is based on the last year's expenses (or reasonable estimate where Sub-fund has not been operating for a full calendar year), for the year to 30 Apr 2026 and this figure may vary, year to year. It excludes portfolio transaction costs. For further details on the calculation of the charges please refer to the Sub-fund’s prospectus.
Past Performance This Sub-fund launched after the start of the previous year and therefore there is insufficient data to provide a useful indication of past performance. The Sub-fund was launched on 06 May 2025. The share class was launched on 06 May 2025. Practical Information The Depositary is The Bank of New York Mellon (International) Limited. The Prospectus and latest annual and semi-annual reports, in English, along with the most recent prices, literature and further Sub-fund information is available on-line at www.mgtsfunds.com. This is a Sub-fund of the MGTS THEIA Fund. The Sub-funds are segregated by law and investors should view each Sub-fund as a separate investment entity meaning the liabilities of one Sub-fund do not count as liabilities of another Sub-fund. The Sub-funds including this one are: MGTS Theia Defensive Income Fund, MGTS Newsight Adventurous Fund, MGTS Newsight Balanced Fund, MGTS Newsight Cautious Fund, MGTS Newsight Growth Fund, MGTS Theia Income and Growth Fund, MGTS Theia Monthly Income Fund, MGTS Vision Adventurous Fund, MGTS Vision Balanced Fund, MGTS Vision Cautious Fund, MGTS Vision Growth Fund. It is possible to switch between Sub-funds on the same terms as an initial investment. Further information about dealing and switching to other share classes of this Sub-fund or other Sub-funds in this Company may be obtained by visiting www.mgtsfunds.com or found in the Company's prospectus. The share classes available in this Sub-fund are: Inc, Acc. The Sub-fund is subject to tax laws and regulations in the UK. This may have an impact on your personal tax position. For further details please speak to your tax adviser. The Remuneration Policy and, where required by the Financial Conduct Authority, how benefits are calculated and details of the Remuneration Committee can be found on our website: www.margetts.com. A paper copy of this is available free of charge upon request. The Sub-fund does not engage in securities financing transactions or loan securities or commodities to third parties. This Sub-fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority. Margetts Fund Management Ltd is authorised in the UK and regulated by the Financial Conduct Authority. This key investor information is accurate as at 05 Oct 2026.
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