Marlborough UK Micro-Cap Growth Fund Class P Acc

UK Smaller Companies

Rated Fund 2013-2018. Taps into almost 300 'micro' companies

This fund has been run since inception in 2004 by Giles Hargreave, a highly experienced smaller companies specialist. His co-manager for the last six years is Guy Field.

It invests in companies with a market capitalisation of £250 million or less at the time of purchase. In fact, a considerable proportion of the portfolio is invested in 'micro' companies of less than �150 million. Companies at this end of the size spectrum are at higher risk of failure than more established firms, but the managers offset this risk by holding a diversified portfolio of almost 300 holdings.Hargreave and his team analyse each company carefully. They very rarely invest in a company without meeting the management face-to-face. Hargreave says choice is a great advantage of investing in small companies. The Aim, FTSE Small Cap, FTSE Fledgling and FTSE techMark indices include more than 1,000 companies operating in many different fields.He and Field are backed by a large team undertaking primary research, trying to uncover the best opportunities before the rest of the market. As part of the process they meet more than 25 companies every week.They like companies that are operating in niche markets, without too many competitors. But these companies also need to have good managers, strong balance sheets and good free cash flow. The managers try to identify companies that will continue to produce good results, and will run their winners rather than taking profits early. Although they keep economic trends in mind, they are focused foremost on the health of their companies.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Marlborough UK Micro-Cap Growth Fund Class P Acc
Manager
Marlborough Fund Managers Limited
Type
Unit Trust
ISIN
GB00B8F8YX59
Sector
UK Smaller Companies
Launched
31/12/2012
OCF
0.79 %
Risk Rating
3
3 Year Sharpe
1.62
3 Year Alpha
9.57
Yield
0.6 %
Benchmark
IA UK Smaller Cos
The investment objective of the scheme is to provide a total return of capital and income in excess of the total return achieved by the FTSE Small Cap Index (ex Investment Companies), over the medium to long term. The scheme will be actively managed on a total return basis investing in UK smaller companies having a market capitalisation of £100m 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 £50m 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.
Name
Marlborough Fund Managers Limited
Address
BL1 4QP, Bolton, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Guy Feld
Joined 02/01/2012

Guy, 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.

Guy Feld
Joined 02/01/2012

Guy, 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.

Data provided by Morningstar.

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