Marlborough Global Bond Fund Class P Inc

Global Bonds

Rated Fund 2013-2018. A one-stop-shop for cautious bond investors

This fund set a record when it landed the title of Best Global Bond Fund in Money Observer's awards for four years running between 2012 and 2015. It regained the title in 2017 after a year's hiatus.

At the helm is Geoff Hitchin, who helped with the fund's launch in 1987 and has now run it for 30 years. He was joined by co-manager Nicholas Cooling in 1999. The fund yields 3.4 per cent and pays income half yearly.Hitchin and Cooling have a cautious approach to investing, which aims to capture gains when markets rise while protecting investors' money when they fall. Investing in government and corporate bonds across the globe, with different maturities and credit ratings and in different currencies, it affords investors a huge amount of diversification and could therefore be seen as a one-stop-shop for more risk-averse bond investors. It has almost 500 holdings � considerably more than most comparable funds. The largest holding accounts for just 0.7 per cent of the portfolio.

The managers look for bonds with reasonable yields and hold a combination of longer-dated, lower-risk bonds and those that are slightly up the risk scale, although the fund's largest exposure at the end of 2017 was to BBB-rated bonds. The fund does not have any fixed geographical weightings. At the end of 2017, it was 32 per cent invested in the UK and 29 per cent in the US. Sterling and the dollar were its main currency exposures.

Narrative and ratings content all as of 01 January 2018.

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
0.44 %
Risk Rating
4
3 Year Sharpe
1.19
3 Year Alpha
2.81
Yield
3.4 %
Benchmark
IA Global Bonds
The objective of the scheme is to provide both income and capital growth by investing mainly in fixed interest securities. The scheme may, in addition to its other investment powers, use cash and near cash (which includes money market instruments and deposits) and exchange traded and over the counter derivatives and forward currency contracts for hedging and investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. The scheme may also invest in other transferable securities and units/shares in collective investment schemes. Furthermore use may be made of stock lending and borrowing and other investment techniques permitted in COLL. The use of these investment powers is also limited to prevent the global exposure exceeding the total net value of the schemes portfolio. A risk management process is in place to monitor the exposure.
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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