Fact sheet: Marlborough UK Multi-Cap Growth

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
UK GROWTH
Sector
UT UK All Companies
Fund type
Unit Trust
Primary aim
No data available.
Why Money Observer Rates Marlborough UK Multi-Cap Growth

New for 2017. Looking for growth companies with sustainable advantages

For investors who want a bit of everything, this fund provides a way to invest in companies of any size that offer good growth prospects. Launched in 1995, it was originally called the Marlborough UK Leading Companies fund but was rebranded in 2014 to reflect the fact that it invests across the size spectrum of UK companies.

Richard Hallett, the manager since 2005, looks for companies that have a sustainable competitive advantage which they can use to raise prices and/or take market share. The fund typically has around 50 holdings.

Hallett seeks out companies with a competitive edge which could come from the quality of their management, branding, sales and marketing, product innovation, research and development, or intellectual property. However, he says it is often a combination of these factors.

He particularly likes businesses that can grow throughout the market cycle, with limited need for capital expenditure and high levels of free cash flow to invest in further growth.

He tends to steer clear of commodities, construction and biotech companies and avoids businesses with low barriers to entry, such as contractors, consultancies and recruitment companies. Instead he often favours consumer services, industrial and technology stocks.

His primary focus is on stock-picking because he feels markets are impossible to call. This means he also tends to avoid cyclicals, preferring companies benefiting from structural change or established long-term trends. Typically the fund holds around 40 per cent in large companies, 40 per cent in mid-capitalisation and 20 per cent in smaller companies.

3 Year Performance
Fund Performance65.4%
Average of Rated Funds Group50.5%
Sector Performance26.9%
Fund information
Fund name
Marlborough UK Multi-Cap Growth P Inc
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund managers
  • Richard Hallettsince 31/07/2005
Accolades
Fund objective
The Marlborough UK Multi-Cap Growth Fund aims to provide medium to long term capital growth. The Manager intends to invest in an actively managed portfolio of small, medium and large cap UK equities, principally in companies which are amongst the leading companies in their business sector.
Benchmark
  • Mstar (IA) UK All Companies
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
24.7%
1 Year rank in sector
17/275
Sector
UT UK All Companies
Yield
0.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.84%
Fund size
£170m (£114m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
93
Bid price
332.55
Offer price
336.76
Top in this sector
Fund name1 Year
MI Chelverton UK Equ Grth37.4%
Old Mutual Equity 136.2%
Old Mutual UK Mid Cap35.9%
Unicorn UK Growth34.3%
Blackrock Inst Eq UK Sm Cos32%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK94%
    Money Market2.1%
    Others2.1%
    Europe ex UK1.8%
  • Industrials24.9%
    Consumer Services20.1%
    Financials14.1%
    Technology13.1%
    Health Care8.7%
  • UK Equities94%
    Cash & Cash Equivalents2.1%
    Others2.1%
    International Equities1.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.7%6.9%17.2%24.7%65.4%121.1%
Sector1.6%0.6%6.1%14%26.9%66%
Rank within sector1 / 2821 / 2815 / 28117 / 2755 / 25712 / 244
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund22.4%10%15.6%2.6%31.3%
Sector9.4%11.2%3.7%0.6%25.7%
Rank within sector6 / 279162 / 26917 / 26170 / 25565 / 248
Quartile1st3rd1st2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
10.34
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.88
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.51
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.81
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.67
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.6
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.67
Price movement
52 week high332.55
52 week low255.27
Current bid price332.55
Current offer price336.76
Current mid price-
Region
1UK94%
2Money Market2.1%
3Others2.1%
4Europe ex UK1.8%
Industry sector
1Industrials24.9%
2Consumer Services20.1%
3Financials14.1%
4Technology13.1%
5Health Care8.7%
6Consumer Goods8.2%
7Basic Materials5.5%
8Oil & Gas3.3%
9Money Market2.1%
Asset type
1UK Equities94%
2Cash & Cash Equivalents2.1%
3Others2.1%
4International Equities1.8%
Individual holdings
1RPC GROUP3.7%
2PAYSAFE GROUP PLC3.47%
3KAZ MINERALS PLC3.44%
4MICRO FOCUS INTERNATIONAL2.86%
5GB GROUP2.85%
6PURPLEBRICKS GROUP PLC2.85%
7BOOHOO.COM PLC2.74%
8HOMESERVE2.67%
9RECKITT BENCKISER GROUP PLC2.62%
Management
Fund manager group
Marlborough Fund Managers
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund objective
The Marlborough UK Multi-Cap Growth Fund aims to provide medium to long term capital growth. The Manager intends to invest in an actively managed portfolio of small, medium and large cap UK equities, principally in companies which are amongst the leading companies in their business sector.
Benchmark
  • Mstar (IA) UK All Companies
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Richard Hallett31/07/2005Richard qualified as a Chartered Accountant at Ernst & Young in 1994 and subsequently joined Singer & Friedlander in 1995 as a UK Equity fund manager. Since joining the investment team in 2005, Richard has established a strong and consistent track record as manager of the Marlborough UK Multi-Cap Growth Fund.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Marlborough UK Multi-Cap Growth A Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price329.38
Offer price348.55
Mid price-
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM135
Marlborough UK Multi-Cap Growth B Inc
Initial charge5%
Annual charge1%
Min single investment£50,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.01%
Bid price331.36
Offer price350.65
Mid price-
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0MIG
Marlborough UK Multi-Cap Growth P Inc
Initial charge1%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price332.55
Offer price336.76
Mid price-
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3PH
Data provided by

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