Ranked overall as amber, the Osprey Fund is a small Newton-managed, global multi-asset fund which invests predominantly in equities. Based on our analysis we ranked the fund as amber on costs.
While not excessive, the ongoing charge figure on the fund’s institutional W share class (accessible to retail investors via platforms) is higher than comparable funds. This is because the fund’s small size of £12.7m means its expenses can be proportionately higher than those in a larger fund.
The higher fees have affected the fund’s performance, which at times has been relatively strong. This is particularly notable over the 12 months to 31 March 2020, when the fund lost less than its benchmark index, despite the heightened market volatility. While changes to the fund are warranted, we believe it is still offering some value.
Typically when additional expenses on a fund are high, we look to place a limit on these fees. However, we are unable to do this for Osprey Fund under current regulations. We are now reviewing options for the Osprey Fund, which we feel will be in the best interests of its investors.
