Marlborough Balanced A

  • 204.73p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.25% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 2.86%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.40%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 03 July 2020

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched March, 1993
Size £63m
Yield 0.40%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 2.86%

Allocation

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Investment process

The fund's objective is to provide medium to long term capital growth on a medium risk basis from a spread of collective investment schemes investing in equity, equity-linked and fixed interest investments in various world markets.

Manager research

Average monthly relative returns

  • 15/16 -0.43%
  • 16/17 -0.02%
  • 17/18 -0.34%
  • 18/19 -0.20%
  • 19/20 0.38%

Bestinvest MRI

  • 3 years -0.05%
  • 5 years -0.12%
  • Career -0.14%
  • 3 years 72.60%
  • 5 years 64.10%
  • Career 64.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Nick Cooling

Cooling was born in Liverpool in 1964 and was educated at Monmouth School. After graduating from Portsmouth University in 1985 with a BA (Hons) degree in Geography he joined Lloyds Life Assurance Limited in Peterborough. In 1991 Cooling joined, as a Fund Manager, the asset management company which later became Marlborough Investment Management Limited.

Track record

Nick Cooling has 27.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.14%. During the worst period of relative performance (from December 1993 - March 2019) there was a decline of 47% relative to the index. The worst absolute loss has been 36%.

Periods of worst performance

Absolute -36.00% (October 2007 - October 2008)
Relative -47.00% (December 1993 - March 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 28 February 2020

17.1538% Marlborough Us Multi-Cap Income P Inc
6.3479% Marlborough Emerging Markets P Inc
5.7726% Marlborough Global Bond P Acc
5.6939% Marlborough Far East Growth P Acc
5.1273% Ishares Plc Ishares Core £ Corp Bond Ucits Etf Gbp Dist
5.0892% Wisdomtree Metal Securities Limited Wt Physical Gold Gbp
4.3659% Franklin Uk Equity Income W Acc
4.3329% Vanguard Ftse Uk Equity Income Index A Inc
3.9117% Marlborough Multi Cap Income P Acc
3.3451% Ishares Plc Ishares Core Ftse100 Ucits Etf Gbp Dist
Source: Trustnet

Key Investor Information

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