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
5.2%
1 Year rank in sector
25/28
Sector
UT UK Equity & Bond Income
Yield
4.2%
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
£53m (£47m 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.
56
Bid price
82.19
Offer price
83.23
Top in this sector
Fund name1 Year
S&W Millbank Veracruz21.9%
S&W Millbank Brooklyn20.9%
S&W Millbank Blackwall17%
M&G NAACIF15.3%
First Arrow Diversified14.6%
...more in UT UK Equity & Bond Income

Performance snapshot

Holdings snapshot

  • UK86.9%
    Europe ex UK5.5%
    North America4.1%
    Not Specified2.2%
    International0.9%
  • Industrials15.7%
    Consumer Goods14%
    Investment Grade Corporate Bonds13.9%
    Financials12.4%
    High Yield Bond9.6%
  • UK Equities65.1%
    UK Fixed Interest21.8%
    International Equities7.8%
    Property2.2%
    Global Fixed Interest1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%-3.2%3.1%5.2%17.9%64.5%
Sector0.2%-0.2%7.4%8.9%20%50.2%
Rank within sector12 / 2928 / 2929 / 2925 / 2815 / 256 / 24
Quartile2nd4th4th4th3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund4.2%6.1%4.7%21.3%17.2%
Sector9%2.7%5.5%15.5%10.3%
Rank within sector27 / 283 / 2613 / 252 / 244 / 24
Quartile4th1st3rd1st1st
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.
0.26
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.
0.93
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.
0.25
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%.
7
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.
2.32
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.
-0.06
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.
0.89
Price movement
52 week high86.69
52 week low74.73
Current bid price82.19
Current offer price83.23
Current mid price-
Region
1UK86.9%
2Europe ex UK5.5%
3North America4.1%
4Not Specified2.2%
5International0.9%
6Money Market0.4%
Industry sector
1Industrials15.7%
2Consumer Goods14%
3Investment Grade Corporate Bonds13.9%
4Financials12.4%
5High Yield Bond9.6%
6Utilities5.9%
7Consumer Services5.8%
8Health Care5.3%
9Fixed Interest5.1%
Asset type
1UK Equities65.1%
2UK Fixed Interest21.8%
3International Equities7.8%
4Property2.2%
5Global Fixed Interest1.8%
6Others0.9%
7Cash & Cash Equivalents0.4%
Individual holdings
1ROYAL DUTCH SHELL2.74%
2UNILEVER2.23%
3SEVERN TRENT PLC1.86%
4VODAFONE GROUP PLC1.85%
5GLAXOSMITHKLINE1.79%
6RPC GROUP1.78%
7NATIONAL GRID1.72%
8IMPERIAL BRANDS PLC1.71%
9ASTRAZENECA PLC1.58%
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 price79.09
Offer price83.69
Mid price-
CurrencyGBX
Price updated08/12/2016
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 price80.99
Offer price85.7
Mid price-
CurrencyGBX
Price updated08/12/2016
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 price82.19
Offer price83.23
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3OR
Data provided by

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