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
  • Giles Hargreavesince 03/10/2004
  • Guy Feldsince 01/02/2012
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
  • IA UK Smaller Companies
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
24.3%
1 Year rank in sector
4/48
Sector
UT UK Smaller 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.
0.8%
Fund size
£672m (£510m 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.
89
Bid price
584.55
Offer price
591.95
Top in this sector
Fund name1 Year
Cavendish AIM39.6%
Jupiter UK Smaller Companies29.4%
The MI Discretionary Unit24.6%
Marlborough UK Micro Cap Gwth24.3%
TB Amati UK Sm Cos22.6%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK93.7%
    Europe ex UK1.8%
    Money Market1.7%
    Australasia1.2%
    North America1.1%
  • Industrials25%
    Technology22.7%
    Consumer Services17%
    Consumer Goods10.7%
    Health Care8.8%
  • UK Equities93.7%
    International Equities4.6%
    Cash & Cash Equivalents1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.2%7.2%21.5%24.3%34.1%136.3%
Sector4.2%6.1%18.8%14.3%19.4%102.2%
Rank within sector7 / 4916 / 4915 / 494 / 4812 / 4713 / 45
Quartile1st2nd2nd1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.5%15.1%13.9%3.5%39.8%
Sector2.4%7.7%14.2%-1.9%37.4%
Rank within sector6 / 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.
3.37
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.
1.06
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.
0.58
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%.
12.48
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.
5.97
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.
0.6
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.
0.77
Price movement
52 week high582.79
52 week low442.26
Current bid price584.55
Current offer price591.95
Current mid price-
Region
1UK93.7%
2Europe ex UK1.8%
3Money Market1.7%
4Australasia1.2%
5North America1.1%
6Middle East/ Africa0.3%
7Asia0.2%
Industry sector
1Industrials25%
2Technology22.7%
3Consumer Services17%
4Consumer Goods10.7%
5Health Care8.8%
6Financials6.3%
7Basic Materials3.1%
8Oil & Gas2.2%
9Cash & Cash Equivalents1.7%
Asset type
1UK Equities93.7%
2International Equities4.6%
3Cash & Cash Equivalents1.7%
Individual holdings
1QUIXANT PLC1.84%
2FEVERTREE DRINKS PLC1.65%
3ACCESSO TECHNOLOGY GRP PLC1.51%
4NEXT FIFTEEN COMMUNICATIONS GROUP1.5%
5CLINIGEN GROUP PLC1.39%
6KEYWORDS STUDIOS PLC1.28%
7Smart Metering Systems Plc1.21%
8SEVERFIELD PLC1.19%
9COATS GROUP PLC1.18%
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
  • IA UK Smaller Companies
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Giles Hargreave03/10/2004After 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.
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.
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 price563.53
Offer price596.33
Mid price-
CurrencyGBX
Price updated16/01/2017
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 price586.1
Offer price593.52
Mid price-
CurrencyGBX
Price updated16/01/2017
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 price584.55
Offer price591.95
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3PI
Data provided by

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