Fact sheet: Marlborough Bond Income

Fund information
Fund name
Marlborough Bond Income P Inc
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund managers
  • Geoff Hitchinsince 08/09/1998
  • Nicholas Coolingsince 08/09/1998
Fund objective
The Investment objective of the scheme is to provide a high level of income with potential for capital growth. This will be achieved by investing in UK corporate bonds and preference shares, UK and other government securities, Eurobonds and other fixed and variable rate securities including where appropriate and permitted by COLL, convertible Securities.
Benchmark
  • IA Sterling Corporate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.2%
1 Year rank in sector
42/91
Sector
UT Sterling Corporate Bond
Yield
4.4%
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.
0.86%
Fund size
£22m (£19m 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.
32
Bid price
51.33
Offer price
51.98
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond11.8%
F&C Instl Lg Dtd Corp Bd10.8%
Henderson Inst Long Dat Cr10.6%
Newton Long Corporate Bond10.4%
Blackrock InstBdOver10YrCorp9.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK51.1%
    Europe ex UK24.6%
    Money Market9.3%
    North America4.6%
    International3.6%
  • BBB48.9%
    A23.5%
    Money Market9.3%
    BB9%
    AA3.7%
  • UK Fixed Interest50.6%
    Global Fixed Interest39.9%
    Cash & Cash Equivalents9.3%
    Others0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-3.6%3.4%6.2%16.5%39.1%
Sector-1.4%-5%2.9%5.9%16.4%35.1%
Rank within sector17 / 9726 / 9425 / 9442 / 9150 / 8633 / 71
Quartile1st2nd2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.1%1.3%8.8%3%12.5%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector62 / 925 / 9066 / 877 / 7843 / 71
Quartile3rd1st4th1st3rd
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.
2.17
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.
0.64
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.
0.56
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%.
3.74
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.
2.49
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.
0.12
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.
0.82
Price movement
52 week high54.22
52 week low49.07
Current bid price51.33
Current offer price51.98
Current mid price-
Region
1UK51.1%
2Europe ex UK24.6%
3Money Market9.3%
4North America4.6%
5International3.6%
6Australasia2.8%
7Central & S America1.6%
8Emerging Asia0.8%
9Japan0.8%
Industry sector
1BBB48.9%
2A23.5%
3Money Market9.3%
4BB9%
5AA3.7%
6Non-Rated2.7%
7AAA1.9%
8B0.6%
9CCC0.2%
Asset type
1UK Fixed Interest50.6%
2Global Fixed Interest39.9%
3Cash & Cash Equivalents9.3%
4Others0.2%
Individual holdings
1CURRENCY CONTRACT - GBPPOUND STERLING8.63%
2BROADGATE FINANCING CLS`A2`4.949% BDS 5/04/31 GBP50001.86%
3IMPERIAL BRANDS FINANCE PLC 8.125% GTD NTS 15/03/24 GBP500001.77%
4STATOIL ASA 6.875% NTS 11/03/31 GBP500001.7%
5UNITED UTILITIES PLC 5.375% NTS 1/2/19 USD10001.59%
6B.A.T.INTERNATIONAL FINANCE 7.25% GTD NTS 12/03/24 GBP500001.53%
7ANHEUSER-BUSCH INBEV SA/NV 9.75% NTS 30/07/24 GBP750001.41%
8STANDARD LIFE PLC 6.75% PERP RESET SUB GTD BDS GBP(VAR)1.29%
9BANK OF IRELAND(GOVERNOR & CO OF) 13.375% UNSEC PERP SUBORD BDS REGD1.25%
Management
Fund manager group
Marlborough Fund Managers
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund objective
The Investment objective of the scheme is to provide a high level of income with potential for capital growth. This will be achieved by investing in UK corporate bonds and preference shares, UK and other government securities, Eurobonds and other fixed and variable rate securities including where appropriate and permitted by COLL, convertible Securities.
Benchmark
  • IA Sterling Corporate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Geoff Hitchin08/09/1998Geoff Hitchin was born in Clitheroe in 1942 and attended Brentwood school in Essex. On completing school he became a Trainee Accountant. He focused on tax and worked as a Tax Officer / Consultant for nearly 20 years before setting up Marlborough Fund Managers Ltd and the Marlborough Global Bond Fund in 1987. This was to provide tax efficient savings for his clients. In 1998 he started the Marlborough Bond Income Fund, a corporate bond fund which he continues to run alongside various other Marlborough funds.
Nicholas Cooling08/09/1998Nicholas Cooling was born in Liverpool in 1964 and was educated at Monmouth School. After graduating from Portsmouth University in 1985 with a BA (Hons) degree in Geography, Nicholas joined Lloyds Life Assurance Limited in Peterborough.In 1991 Nicholas joined, as a Fund Manager, the asset management company which later became Marlborough Investment Management Limited. He was responsible for a total re-organisation of its investment processes, the positive results of which formed the platform for significant expansion of the business.He was appointed investment director of Marlborough Fund Managers Limited during 1998. On a day-to-day basis Nicholas, together with colleagues Gurjit Soggi and Raj Manon, is responsible for the management of Marlborough's three risk graded Fund of Funds products. He is the front line manager for the successful Marlborough Balanced Fund.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Marlborough Bond Income A
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.6%
Bid price50.34
Offer price53.25
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNA48
Marlborough Bond Income B Inc
Initial charge5%
Annual charge1%
Min single investment£50,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price51
Offer price53.95
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3OD
Marlborough Bond Income P Inc
Initial charge1%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price51.33
Offer price51.98
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3OE
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.