Fact sheet: Marlborough UK Micro Cap Gwth

Fund information
Fund name
Marlborough UK Micro Cap Growth P Acc
Fund manager company
Marlborough Fund Managers
Fund type
Unit Trust
Fund managers
  • Guy Feldsince 01/02/2012
  • Giles Hargreavesince 04/10/2004
Accolades
 Highly Commended - UK Smaller Cos.
Fund objective
The objective of the scheme is to provide a total return* of capital and income in excess of that achieved by the FTSE Small Cap Index (excluding investment companies) over the medium to long term. The Scheme will be actively managed on a total return basis investing primarily in UK companies having a market capitalisation of £250m or less at the time of purchase. A considerable proportion of the portfolio will be invested in smaller companies with a market capitalisation of less than £150m at the time of purchase. At times it may be appropriate for the Scheme not to be fully invested but to hold cash and near cash. The Scheme may also invest in other transferable securities, including but not limited to, warrants and government and public securities and units in collective investment schemes. The Scheme is permitted to invest in derivatives and forward transactions for the purposes of hedging only. *Investors should be aware that there is no guarantee that this objective will be achieved over this (or any) time period and that your capital is in fact at risk.
Benchmark
  • Mstar (IA) Uk Smaller Cos
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
27.9%
1 Year rank in sector
14/49
Sector
UT UK Smaller Companies
Yield
0.7%
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.
0.8%
Fund size
£771m (£527m 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.
87
Bid price
644.48
Offer price
652.64
Top in this sector
Fund name1 Year
Cavendish AIM42%
The MI Discretionary Unit35%
Old Mutual UK Sm Cos34.9%
Schroder UK Dynamic Sm Cos34.5%
TB Amati UK Sm Cos32%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK90.9%
    Money Market4%
    Europe ex UK1.8%
    Australasia1.4%
    North America0.8%
  • Industrials24.2%
    Technology21.1%
    Consumer Services16.5%
    Consumer Goods11.1%
    Health Care8.1%
  • UK Equities90.9%
    International Equities4.5%
    Cash & Cash Equivalents4%
    Others0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.1%9.6%18.6%27.9%42.1%129.4%
Sector5%9.3%16.9%22.9%31.8%100.2%
Rank within sector13 / 4925 / 4919 / 4914 / 4920 / 4717 / 45
Quartile2nd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund14.1%15.1%13.9%3.5%39.8%
Sector12%7.7%14.2%-1.9%37.4%
Rank within sector9 / 495 / 4831 / 4810 / 4718 / 46
Quartile1st1st3rd1st2nd
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.
1.71
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.
1.07
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.
0.54
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%.
12.42
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.
5.76
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.
0.36
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.
0.79
Price movement
52 week high642.67
52 week low442.26
Current bid price644.48
Current offer price652.64
Current mid price-
Region
1UK90.9%
2Money Market4%
3Europe ex UK1.8%
4Australasia1.4%
5North America0.8%
6Others0.6%
7Middle East/ Africa0.4%
8Asia0.1%
Industry sector
1Industrials24.2%
2Technology21.1%
3Consumer Services16.5%
4Consumer Goods11.1%
5Health Care8.1%
6Financials7.1%
7Cash & Cash Equivalents4%
8Basic Materials3.3%
9Oil & Gas1.9%
Asset type
1UK Equities90.9%
2International Equities4.5%
3Cash & Cash Equivalents4%
4Others0.6%
Individual holdings
1QUIXANT PLC1.77%
2FEVERTREE DRINKS PLC1.67%
3LEARNING TECHNOLOGIES GROUP PLC1.66%
4NEXT FIFTEEN COMMUNICATIONS GROUP1.6%
5ACCESSO TECHNOLOGY GRP PLC1.49%
6GAMES WORKSHOP GROUP1.38%
7CLINIGEN GROUP PLC1.29%
8INTERNATIONAL GREETINGS1.26%
9SANNE GROUP PLC1.26%
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 provide a total return* of capital and income in excess of that achieved by the FTSE Small Cap Index (excluding investment companies) over the medium to long term. The Scheme will be actively managed on a total return basis investing primarily in UK companies having a market capitalisation of £250m or less at the time of purchase. A considerable proportion of the portfolio will be invested in smaller companies with a market capitalisation of less than £150m at the time of purchase. At times it may be appropriate for the Scheme not to be fully invested but to hold cash and near cash. The Scheme may also invest in other transferable securities, including but not limited to, warrants and government and public securities and units in collective investment schemes. The Scheme is permitted to invest in derivatives and forward transactions for the purposes of hedging only. *Investors should be aware that there is no guarantee that this objective will be achieved over this (or any) time period and that your capital is in fact at risk.
Benchmark
  • Mstar (IA) Uk Smaller Cos
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Guy Feld01/02/2012Guy, a graduate of Oxford University, has over 20 years City experience dedicated to the research and fund management of small and mid-cap equities. He joined the investment team in 2003 and has a particular focus on the tech sector and other “New Economy” and growth companies. Guy co-manages the Marlborough UK Micro-Cap Growth Fund with Giles Hargreave.
Giles Hargreave04/10/2004After starting his career in 1969 as an analyst with James Capel, Giles joined Management Agency and Music as a private fund manager in 1974 before founding Hargreave Investment Management in 1986. Giles then merged Hargreave Investment Management with Hargreave Hale & Co, a provincial stockbroking firm controlled by other members of his family, in 1988. As Chief Executive, Giles chairs the weekly investment committee meetings in which the team reviews existing and potential investments for all the funds.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Marlborough UK Micro Cap Growth A
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.52%
Bid price620.1
Offer price656.19
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQM31
Marlborough UK Micro Cap Growth B Acc
Initial charge1%
Annual charge1%
Min single investment£50,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.51%
Bid price645.77
Offer price653.94
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHRC2
Marlborough UK Micro Cap Growth P Acc
Initial charge1%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price644.48
Offer price652.64
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3PI
Data provided by

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