Marlborough Cautious A

  • 77.90p
    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.

  • 133.32p
    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).

  • 2.27%
    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.

  • 1.60%
    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 02 April 2020

Fund summary

Sector Mixed Investment 20-60% Shares
Structure UNIT TRUST
Launched May, 1994
Size £7m
Yield 1.60%
Charging basis Capital
Dividends paid 30 Jun, 31 Dec

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 2.27%

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Investment process

The fund's objective is to provide an above average and subsequently increasing level of income with the potential for some capital growth by investing primarily in a diversified portfolio of units/shares of collective investment schemes, and transferable securities on a global basis. The scheme is also permitted to invest in money market instruments, government and public securities, cash and near cash, warrants and deposits as permitted for non-UCITS retail schemes in accordance with COLL. The scheme may only invest in derivatives and forward transactions for the purposes of hedging.

Manager research

Average monthly relative returns

  • 15/16 -0.13%
  • 16/17 -0.51%
  • 17/18 0.20%
  • 18/19 -0.81%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years -0.20%
  • 5 years -0.25%
  • Career -0.06%
  • 3 years 29.10%
  • 5 years 16.60%
  • Career 72.60%

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

Gurjit Soggi

Gurjit Soggi was born in Derby in 1973 and attended the University of the West of England, achieving a BA (Hons) in Financial Services. Whilst at university he developed a keen interest in the philosophy, process and general methodology of fund management. Soggi joined Marlborough during 1996.

Track record

Gurjit Soggi has 21.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from April 2006 - January 2020) there was a decline of 44% relative to the index. The worst absolute loss has been 48%.

Periods of worst performance

Absolute -48.00% (August 2000 - January 2003)
Relative -44.00% (April 2006 - January 2020)

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 28 February 2020

6.6832% Schroder Sterling Corporate Bond Z Acc
6.5376% Franklin Uk Equity Income W Inc
6.4971% Man Glg Uk Income D Professional Inc
6.4407% Legg Mason Western Asset Macro Opportunities Bond X Hedged Acc Gbp
5.5554% Fidelity Extra Income W
5.528% Royal London Sterling Extra Yield Bond Z Inc
5.374% Vanguard Global Credit Bond Inv Hedged Acc Gbp
5.0724% Artemis Us Select I Acc Gbp
4.7197% Ishares Plc Ishares Core £ Corp Bond Ucits Etf Gbp Dist
4.253% Vontobel Twentyfour Strategic Income I Gbp
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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