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Contact details

ManagerGroupLogo
Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP
0808 145 2500 (Customer Support)
0808 145 2501 (Dealing)
0120 453 3045 (Fax Number)
0120 438 0060 (Main Number)

enquiries@marlboroughfunds.com

Fund managers

* Angelos Damaskos08-Sep-2009 to Present
 
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Investment objectives

To provide long-term capital growth from a globally diversified portfolio investing primarily in small to medium capitalization companies specializing in identifying, developing and extracting gold. It may also invest in mining companies extracting other precious metals. There may be occasions, in light of adverse market conditions, where the Investment Manager chooses to hold high levels of cash, bonds and government securities. The Investment Manager may use derivatives for efficient portfolio management purposes only.

Key Information

Fund vs sector

  1y 3y
Position 128 / 135 110 / 110
Quartile 4 4

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 43.94 40.93
Alpha -13.35 -42.09
Beta 1.96 2.51
Sharpe -0.08 -0.17
Info Ratio -0.41 -1.11
R2 0.08 0.27
Quartiles:   1  2  3  4   help with ratios
vs. Specialist»

FE Risk Scores

Instrument 1y(%) Growth FE Risk Score
MFM Junior Gold -22.4
306
Specialist -1.1
61
Cash n/a
0
Compare this fund to its peers using FE Risk Scores>>
Learn more about using FE Risk Scores>>
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -22.4-80.7-72.9-61.4-35.7-0.8+41.4
  SPECIALIST   -1.1+10.1+27.9+8.6+2.5-0.4+16.7
Clean share class
   Bid OfferDateYieldTER help CiticodeSEDOL
pdf MFM JUNIOR GOLD I ACC 29.36 (p) 30-Oct-2014 0.00 1.54% D5E0 B39RN14
pdf MFM JUNIOR GOLD P ACC 29.51 (p) 30-Oct-2014 0.00 n/a JY0H BH57BR8
Other share classes
   Bid OfferDateYieldTER help CiticodeSEDOL
pdf MFM JUNIOR GOLD C ACC 29.09 (p) 30-Oct-2014 0.00 1.79% D5E1 B39RN47

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£8.6m / $13.8m (30-Sep-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch01-Sep-2009
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge5.25%
Annual management charge1.75%
Note to chargesn/a
Trustee / DepositaryHSBC Bank Plc
RegistrarMarlborough Fund Managers Ltd
Multi-Managern/a
Indexn/a
Dividend policyFeb 28, Aug 31 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Commodity/Energy Mixed Specialist

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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wwjd_andy Sep 07th, 2012 at 06:19 PM

How is Damaskos still in a job? How does this fund still have 19 mil in it?!

Reply
Ilmarinen Feb 12th, 2014 at 08:09 PM

It isn't hard to see what you mean wwjd_andy. Over the last few disastrous years Mr Damaskos has featured in several articles with the gold crystal ball. I recall too that about three years ago Tom Winnifrith saying he had never seen a better time for investing in gold miners. There then followed three shirt-removing years of relentless descent in fund values.

The performance of Mr Damaskos' own fund since last December (2013), however, suggest that that may indeed have finally been the lowest point. And his words now in conjunction with his fund's performance suggest that he is focusing on companies which fulfil the right criteria. None the less the question of the timing of renewed investment in his or other mining funds remains. But if you are among those who own that 19 million in his fund, and have stuck it out so long, this is presumably the time to continue to hold on.

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