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Contact details

Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP
0808 145 2500 (Customer Support)
0808 145 2501 (Dealing)
0120 453 3045 (Fax Number)
0120 439 8676 (Main Number)

Fund managers

* Giles Hargreave04-Oct-2004 to Present
* Guy Feld» 01-Feb-2012 to Present

Investment objectives

The objective of the scheme is to provide a total return* of capital and income in excess of that achieved by the FTSE Small Cap Index (excluding investment companies) over the medium to long term. The Scheme will be actively managed on a total return basis investing primarily in UK companies having a market capitalisation of £250m 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 £150m at the time of purchase. At times it may be appropriate for theScheme not to be fully invested but to hold cash and near cash. The Scheme may also invest in other transferable securities, including but not limited to, warrants and government and public securities and units in collective investment schemes. The Scheme is permitted to invest in derivatives and forward transactions for the purposes of hedging only. *Investors should be aware that there is no guarantee that this objective will be achieved over this (or any) time period and that your capital is in fact at risk.

Key Information

Fund vs sector

  1y 3y
Position 13 / 54 24 / 52
Quartile 1 2

Fund ratings

FE Crown Rating: 5 FE Crown Rating


  1y 3y
Volatility 8.52 10.71
Alpha 2.61 2.84
Beta 0.86 1.00
Sharpe 0.00 1.62
Info Ratio 0.48 0.54
R2 0.63 0.79
Quartiles:   1  2  3  4   help with ratios
vs. UK Smaller Companies»
performance chart
ACC +2.6+71.0+151.5+38.6+20.3+6.6+37.9
  UK SMALLER COMPANIES   -2.8+61.8+93.5+35.9+22.4-7.9+29.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf MARLBOROUGH UK MICRO CAP GROWTH B ACC ACC 426.01 (p) 431.40 (p) 18-Dec-2014 0.01 1.04% HRC2 B5LXWL7
pdf MARLBOROUGH UK MICRO CAP GROWTH P ACC ACC 422.78 (p) 428.13 (p) 18-Dec-2014 0.26 0.81% I3PI B8F8YX5
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf MARLBOROUGH UK MICRO CAP GROWTH A ACC 413.59 (p) 437.66 (p) 18-Dec-2014 0.00 1.54% QM31 B02TPH6

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 Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£434.8m / $680.5m (28-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch04-Oct-2004
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 1,000
Initial charge5.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryHSBC Bank Plc
RegistrarMarlborough Fund Managers Ltd
Dividend policyJul 31 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Smaller Companies
Largest holdings, 28-Nov-2014
Holding (%) Rank Fund factsheet Equity factsheet
ECKOH PLC 1.54 1 - *
ACAL 1.42 3 - *
CELLO GROUP 1.22 7 - *
RESTORE PLC 1.16 10 - *
Regional weightings, 01-Dec-2014
UK86.801(1) 86.80% UK
Cash and Equivalents8.102(2) 8.10% Cash and Equivalents
Developed Europe - Excl UK1.503(3) 1.50% Developed Europe - Excl UK
Others1.104(5) 1.10% Others
Australia and New Zealand1.005(4) 1.00% Australia and New Zealand
North America0.806(6) 0.80% North America
Developed Asia0.407(7) 0.40% Developed Asia
Middle East/ Africa0.308(8) 0.30% Middle East/ Africa
Sector weightings, 01-Dec-2014
Industrials25.001(1) 25.00% Industrials
Technology24.902(2) 24.90% Technology
Consumer Services16.403(3) 16.40% Consumer Services
Cash & Cash Equivalents8.104(4) 8.10% Cash & Cash Equivalents
Financials6.905(5) 6.90% Financials
Health Care6.906(6) 6.90% Health Care
Oil & Gas4.107(7) 4.10% Oil & Gas
Consumer Goods3.408(8) 3.40% Consumer Goods
Telecommunications1.809(9) 1.80% Telecommunications
Basic Materials1.5010(10) 1.50% Basic Materials
Utilities0.7011(11) 0.70% Utilities
Non-Classified0.3012(12) 0.30% Non-Classified

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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Asset allocation

UK Equities, 86.80%
86.8000% ofUK Equities
Cash & Cash Equivalents, 8.10%
8.1000% ofCash & Cash Equivalents
International Equities, 4.00%
4.0000% ofInternational Equities
Investment Trusts & Others, 1.10%
1.1000% ofInvestment Trusts & Others

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