Marlborough UK Multi-Cap Growth Fund Class P Inc

UK Growth

Rated Fund 2017-2018. Good pick for investors wanting broad spread

For investors who want a bit of everything, this fund provides a way to invest in companies of any size that offer good growth prospects.

Launched in 1995, it was originally called the Marlborough UK Leading Companies fund, but was rebranded in 2014 to reflect the fact that it invests across the size spectrum of UK companies.

Richard Hallett, the manager since 2005, looks for companies that have a sustainable competitive advantage that they can use to raise prices and/or take market share. The fund typically has around 50 holdings.

Hallett seeks out businesses with a competitive edge, which could come from the quality of their management, branding, sales and marketing, product innovation, research and development, or intellectual property. However, he says it is often a combination of these factors.

He particularly likes businesses that can grow throughout the market cycle, with limited need for capital expenditure and high levels of free cash flow to invest in further growth. He tends to steer clear of commodities, construction and biotech companies and avoids businesses with low barriers to entry, such as contractors, consultancies and recruitment companies. Instead, he often favours consumer services, industrial and technology stocks.

The manager's primary focus is on stock-picking as he feels markets are impossible to call. This means he tends to avoid cyclical businesses and prefers companies benefiting from structural change or established long-term trends. Typically, the fund holds 40 per cent in large companies, 40 per cent in medium companies and 20 per cent in smaller companies.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Marlborough UK Multi-Cap Growth Fund Class P Inc
Manager
Marlborough Fund Managers Limited
Type
Unit Trust
ISIN
GB00B8CQP956
Sector
UK All Companies
Launched
31/12/2012
OCF
0.82 %
Risk Rating
4
3 Year Sharpe
0.92
3 Year Alpha
4.40
Yield
0.8 %
Benchmark
IA UK All Companies
The fund seeks to provide medium to long term capital growth. The Manager intends to invest in an actively managed portfolio of small,medium and large cap UK equities, principally in companies which are amongst the leading companies in their business sector. The Scheme is permitted to invest in derivatives and forward transactions for the purposes of hedging only.
Holding %
Burford Capital Ltd 3.16 %
Homeserve PLC 3.13 %
Worldpay Inc Class A 2.81 %
Scottish Mortgage Ord 2.65 %
Prudential PLC 2.60 %
Craneware PLC 2.58 %
Fevertree Drinks PLC 2.58 %
Abcam PLC 2.56 %
Dechra Pharmaceuticals PLC 2.54 %
NMC Health PLC 2.54 %
Region %
United Kingdom 90.09 %
United States 6.07 %
Sector %
Industrials 22.17 %
Technology 20.67 %
Financial Services 18.75 %
Consumer Cyclical 11.58 %
Basic materials 10.28 %
Healthcare 8.38 %
Consumer Defensive 6.03 %
Name
Marlborough Fund Managers Limited
Address
BL1 4QP, Bolton, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Richard Hallett
Joined 01/08/2008

Richard qualified as a Chartered Accountant at Ernst & Young in 1994 and subsequently joined Singer & Friedlander in 1995 as a UK Equity fund manager. Since joining the investment team in 2005, Richard has established a strong and consistent track record as manager of the Marlborough UK Multi-Cap Growth Fund.

Data provided by Morningstar.

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