Fact sheet: Marlborough Extra Income

Fund information
Fund name
Marlborough Extra Income P Inc
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund managers
  • Matthew Rainbirdsince 01/03/2009
  • Nigel Beidassince 01/03/2009
Fund objective
The objective of the scheme is to achieve a higher yield with the prospect of receiving increasing income and growth in the value of units by purchasing high yielding shares, corporate loan stocks and preference shares.
Benchmark
  • IA UK Equity & Bond Income
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
15%
1 Year rank in sector
234/267
Sector
UT Mixed Investment 40-85% Shares
Yield
3.7%
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.
0.89%
Fund size
£58m (£50m 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.
57
Bid price
88.89
Offer price
90.02
Top in this sector
Fund name1 Year
HSBC Wld Seltn Advntr Pfl33.3%
Orbis Gbl Bal31.7%
FP MA DRP VIII31.6%
S&W Acacia31.1%
S&W Pityoulish31.1%
...more in UT Mixed Investment 40-85% Shares

Performance snapshot

Holdings snapshot

  • UK86.2%
    Europe ex UK7.1%
    North America3.6%
    Not Specified1.6%
    Others0.8%
  • Industrials15.2%
    Financials14.8%
    High Yield Bond14.2%
    Consumer Goods13.5%
    Consumer Services7%
  • UK Equities65.6%
    UK Fixed Interest20.6%
    International Equities9%
    Global Fixed Interest1.7%
    Property1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%4.6%11.3%15%23.9%78.9%
Sector2.1%2.6%8.1%19.6%27.1%57.7%
Rank within sector93 / 28226 / 27921 / 275234 / 267193 / 24120 / 208
Quartile2nd1st1st4th4th1st
Calendar performance
 YTD - 20172016201520142013
Fund7.7%6.6%6.1%4.7%21.3%
Sector5.3%13.3%2.2%5%13.5%
Rank within sector23 / 276245 / 26018 / 246158 / 23714 / 222
Quartile1st4th1st3rd1st
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.
0.51
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.
0.81
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.
0.48
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%.
6.95
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.
4.28
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.
-0.23
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.
0.65
Price movement
52 week high89.41
52 week low77.51
Current bid price88.89
Current offer price90.02
Current mid price-
Region
1UK86.2%
2Europe ex UK7.1%
3North America3.6%
4Not Specified1.6%
5Others0.8%
6Money Market0.7%
Industry sector
1Industrials15.2%
2Financials14.8%
3High Yield Bond14.2%
4Consumer Goods13.5%
5Consumer Services7%
6Investment Grade Corporate Bonds6.7%
7Fixed Interest5.3%
8Utilities5.3%
9Health Care4.4%
Asset type
1UK Equities65.6%
2UK Fixed Interest20.6%
3International Equities9%
4Global Fixed Interest1.7%
5Property1.6%
6Others0.8%
7Cash & Cash Equivalents0.7%
Individual holdings
1ROYAL DUTCH SHELL1.89%
2SEVERN TRENT PLC1.79%
3VODAFONE GROUP PLC1.73%
4UNILEVER1.72%
5IMPERIAL BRANDS PLC1.71%
6GLAXOSMITHKLINE1.69%
7NATIONAL GRID1.69%
8BP1.54%
9LEGAL & GENERAL GROUP1.42%
Management
Fund manager group
Marlborough Fund Managers
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund objective
The objective of the scheme is to achieve a higher yield with the prospect of receiving increasing income and growth in the value of units by purchasing high yielding shares, corporate loan stocks and preference shares.
Benchmark
  • IA UK Equity & Bond Income
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Matthew Rainbird01/03/2009Matthew has more than a decades experience in the industry in roles including trading equities and fixed interest securities and managing private client portfolios. He is a Chartered Member of the Chartered Institute for Securities & Investment. In 2009 Matthew was appointed Manager of the Marlborough Extra Income Fund, which he jointly runs with Nigel Beidas.
Nigel Beidas01/03/2009After graduating in Economics in 1982 Nigel worked in London for nine years, starting off as an investment analyst and then moving into pension fund management at a Canadian insurance company. In 1991 he moved to North Wales and joined Nelson Money Managers, where he was responsible for managing income investments on behalf of retired clients. He joined Hargreave Hale in 1997 and became manager of the Bangor branch in 2000, overseeing a successful period in which the Bangor office grew to be one of the largest independent Investment Management providers in the region. In 2012 Nigel took the decision to step down as Branch Manager to concentrate on offering a personal service to his existing clients. Nigel took over as fund manager of the Marlborough Extra Income Fund in 2009. He believes his pension fund background, with the emphasis on long term investment returns, is ideal for this fund, particularly at a time when income generation is of major concern to investors.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Marlborough Extra Income A
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.59%
Bid price85.73
Offer price90.72
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM123
Marlborough Extra Income B Inc
Initial charge5%
Annual charge1%
Min single investment£50,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price87.96
Offer price93.08
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3OQ
Marlborough Extra 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)0.89%
Total expense ratio (TER)-
Bid price88.89
Offer price90.02
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3OR
Data provided by

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