Marlborough Global Bond Fund Class P Inc

Global Bonds

Rated Fund 2013-19. A one-stop-shop for cautious bond investors

Marlborough Global Bond is a record-breaker among Money Observer’s award winners, having picked up the Best Global Bond Fund award in six out of the past seven years (2016 being the exception).

Although it is far from the top performer in the IA global bonds sector (third quartile over three years in its peer group), the awards panel overruled the statistics with a qualitative view in 2018, favouring the broader-based, more conservative Marlborough fund.

A one-stop-shop for cautious bond investors, the managers adopt a cautious approach to investing that aims to capture gains when markets rise while protecting investors’ money when they fall.

At the helm is Geoff Hitchin, who helped with the fund’s launch in 1987 and has now run it for more than 30 years. He was joined by co-manager Nicholas Cooling in 1999. The fund yields almost 4% and pays income half-yearly.

The fund has almost 500 holdings – considerably more than most comparable funds. The largest holding accounts for just 0.7% of the portfolio. They believe that by holding a good spread and with careful selection, they can manage volatility and achieve consistent performance.

At the end of 2018, the fund’s largest exposure in terms of credit quality was to BBB-rated bonds, which are classed as investment grade, followed by non-rated stock. It had 30% in the UK and 28.5% in the US, with sterling and the dollar being its main currency exposures.

Narrative and ratings content all as of 01 January 2019.

See all Money Observer rated funds
Name
Marlborough Global Bond Fund Class P Inc
Manager
Marlborough Fund Managers Limited
Type
Unit Trust
ISIN
GB00B8H7D001
Sector
Global Bonds
Launched
31/12/2012
OCF
0.43 %
Risk Rating
4
3 Year Sharpe
0.97
3 Year Alpha
2.67
Yield
3 %
Benchmark
IA Global Bonds
The investment objective is to provide both income and capital growth.
Holding %
Sainsbury (J) plc 6.5% 0.62 %
CRH Finance Plc 4.12% 0.60 %
McDonald's Corporation 5.88% 0.58 %
Textron Inc. 6.62% 0.58 %
Beazley Plc 5.38% 0.58 %
Sky Limited 0.56 %
WELLTOWER INC 4.5% 0.54 %
U.S. Treasury Security Stripped Interest Security 0.54 %
Verizon Communications Inc. 3.38% 0.53 %
United States Treasury Notes 2.38% 0.52 %
Name
Marlborough Fund Managers Limited
Address
BL1 4QP, Bolton, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Geoff Hitchin
Joined 08/05/1987

Geoff spent nearly 20 years as a tax officer and tax consultant before founding Marlborough Fund Managers in 1986 and launching the Marlborough Global Bond Fund in the following year.

Data provided by Morningstar.

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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.