Marlborough Bond Income A

  • 51.38p Price (Inc)
  • - Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.63% Ongoing charges
  • 3.40% Yield

Prices as at 10 December 2019

Fund summary

Sector £ Corporate Bond
Structure UNIT TRUST
Launched September, 1998
Size £39m
Yield 3.40%
Charging basis 50% Income 50% Capital
Dividends paid Jan, Apr, Jul, Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.63%

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Investment process

The fund's objective is to provide a high level of income with the potential for capital growth through investment primarily in UK fixed interest securities.

Manager research

Average monthly relative returns

  • 14/15 0.02%
  • 15/16 -0.46%
  • 16/17 0.20%
  • 17/18 -0.03%
  • 18/19 -0.44%

Bestinvest MRI

  • 3 years -0.09%
  • 5 years -0.14%
  • Career -0.12%
  • 3 years 43.30%
  • 5 years 30.50%
  • Career 52.40%

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

Geoffrey Hitchin

Geoff Hitchin was born in Clitheroe in 1942 and attended Brentwood school in Essex. On completing school he became a Trainee Accountant. He focused on tax and worked as a Tax Officer/Consultant for nearly 20 years before setting up Marlborough Fund Managers Ltd and the Marlborough Managed Global Bond Fund in 1987. This was to provide tax efficient savings for his clients.

Track record

Geoffrey Hitchin has 21 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. During the worst period of relative performance (from July 1999 - August 2019) there was a decline of 27% relative to the index. The worst absolute loss has been 12%.

Periods of worst performance

Absolute -12.00% (November 2006 - October 2008)
Relative -27.00% (July 1999 - August 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.

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Top 10 holdings

Data accurate as at 30 August 2019

1.2381% Enel-Societa Per Azioni Ser`32`5.75% Nts 22/06/37 Gbp1000
1.2163% Verizon Communications Inc 3.375% Bds 27/10/36 Gbp100000
1.1729% Mcdonald`S Corp 5.875% Eur Med Term Nts 23/4/32 Gbp1000
1.1519% Health Care Reit Inc 4.5% Bds 01/12/34 Gbp100000
1.137% Sky Ltd 4% Bds 26/11/29 Gbp100000
1.1155% Crh Finance (Uk) Plc 4.125% Bds 02/12/29 Gbp1000
1.0992% At&T Inc 4.375% Nts 14/09/29 Gbp1000
1.0936% Fidelity National Info Services Inc 2.602% Bds 21/05/25 Gbp1000
1.0446% Edf 5.5% Bds 17/10/41 Gbp100000
1.0398% American International Group Inc 5% Emtn 26/04/23 Gbp50000
Source: Trustnet

Sector breakdown

BBB 58.00%
A 20.00%
AA 7.00%
Non-Rated 5.00%
BB 4.00%
Money Market 4.00%
AAA 1.00%

Key Investor Information

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