MGTS Downing Active Defined Return Assets Fund
Combining systematic derivative strategies with active management to deliver predictable and consistent returns across the economic cycle.
The MGTS Downing Active Defined Return Assets Fund aims to deliver predictable and positive returns in most equity market conditions. We focus on maximising the probability of securing the returns that occur most frequently within equity markets, by giving up some less likely market upside and accepting some less likely market downside.
12 month performance at 30/09/2026
+9.67%
£279m+
Assets under management
Managed by Chief Investment Officer, Paul Adams & Assistant Porfolio Manager, Christopher Tutt
Paul Adams
Chief Investment Officer
Christopher Tutt
Assistant Portfolio Manager
MGTS Downing Active Defined Return Assets Fund
Combining systematic derivative strategies with active management to deliver predictable and consistent returns across the economic cycle.
The MGTS Downing Active Defined Return Assets Fund aims to deliver predictable and positive returns in most equity market conditions. We focus on maximising the probability of securing the returns that occur most frequently within equity markets, by giving up some less likely market upside and accepting some less likely market downside.
12 month performance at 30/09/2026
+9.67%
£279m+
Assets under management
Managed by Chief Investment Officer, Paul Adams & Assistant Porfolio Manager, Christopher Tutt
Paul Adams
Chief Investment Officer
Christopher Tutt
Assistant Portfolio Manager
MGTS Downing Active Defined Return Assets Fund
Combining systematic derivative strategies with active management to deliver predictable and consistent returns across the economic cycle.
The MGTS Downing Active Defined Return Assets Fund aims to deliver predictable and positive returns in most equity market conditions. We focus on maximising the probability of securing the returns that occur most frequently within equity markets, by giving up some less likely market upside and accepting some less likely market downside.
12 month performance at 30/09/2026
+9.67%
£279m+
Assets under management
Managed by Chief Investment Officer, Paul Adams & Assistant Porfolio Manager, Christopher Tutt
Paul Adams
Chief Investment Officer
Christopher Tutt
Assistant Portfolio Manager
Investing in common financial market components
We invest in long-dated derivative contracts (typically six-years, with annual observation points) that are linked to large, liquid indices such as the FTSE 100 or S&P 500.
The portfolio primarily consists of UK government bonds and financial derivative instruments, which are among the largest and liquid instruments traded globally.
Investing in common financial market components
We invest in long-dated derivative contracts (typically six-years, with annual observation points) that are linked to large, liquid indices such as the FTSE 100 or S&P 500.
The portfolio primarily consists of UK government bonds and financial derivative instruments, which are among the largest and liquid instruments traded globally.
Investing in common financial market components
We invest in long-dated derivative contracts (typically six-years, with annual observation points) that are linked to large, liquid indices such as the FTSE 100 or S&P 500.
The portfolio primarily consists of UK government bonds and financial derivative instruments, which are among the largest and liquid instruments traded globally.
Risks of investing
Before you put money into an investment, it’s essential that you consider the risks and fees involved. For the full list, please refer to the Prospectus below.
Capital at risk
The value of your investment can go down as well as up. Your capital is at risk and there is no guarantee you will get your investment amount back.
Liquidity
Access to capital is always subject to liquidity. There could be a delay in returning cash in the event of significant demand for withdrawals or distributions.
Counterparty risk
The Fund can conclude various transactions with contractual partners. If a contractual partner becomes insolvent, it can no longer or can only partly settle unpaid debts owed to the Fund.
Risks of investing
Before you put money into an investment, it’s essential that you consider the risks and fees involved. For the full list, please refer to the Prospectus below.
Capital at risk
The value of your investment can go down as well as up. Your capital is at risk and there is no guarantee you will get your investment amount back.
Liquidity
Access to capital is always subject to liquidity. There could be a delay in returning cash in the event of significant demand for withdrawals or distributions.
Counterparty risk
The Fund can conclude various transactions with contractual partners. If a contractual partner becomes insolvent, it can no longer or can only partly settle unpaid debts owed to the Fund.
Risks of investing
Before you put money into an investment, it’s essential that you consider the risks and fees involved. For the full list, please refer to the Prospectus below.
Capital at risk
The value of your investment can go down as well as up. Your capital is at risk and there is no guarantee you will get your investment amount back.
Liquidity
Access to capital is always subject to liquidity. There could be a delay in returning cash in the event of significant demand for withdrawals or distributions.
Counterparty risk
The Fund can conclude various transactions with contractual partners. If a contractual partner becomes insolvent, it can no longer or can only partly settle unpaid debts owed to the Fund.
Key documents
It's really important that you read these key documents, paying particular attention to the risk warnings. We recommend you seek financial advice before investing.
Key documents
It's really important that you read these key documents, paying particular attention to the risk warnings. We recommend you seek financial advice before investing.
Key documents
It's really important that you read these key documents, paying particular attention to the risk warnings. We recommend you seek financial advice before investing.
Your capital is at risk, and you may not get back the full amount invested. The name of the fund is due to change to the Capel name and branding subject to notification.