Marlborough European Multi-Cap A

Continental European equity fund with a high weighting to small caps.

  • 480.20p Price (Inc)
  • - Price (Acc)
  • 5.25% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.65% Ongoing charges
  • 1.20% Yield

Prices as at 06 December 2019

The objective of the Fund is to obtain capital growth by investing predominantly in transferable securities of European listed and/or European domiciled companies (excluding the UK). The fund invests in companies of all sizes as the name suggests, but typically has a high weighting to small caps.

Fund summary

Sector Europe Excluding UK
Structure UNIT TRUST
Launched May, 1986
Size £283m
Yield 1.20%
Charging basis Income
Dividends paid 10 Nov

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 1.65%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 -0.55%
  • 15/16 0.08%
  • 16/17 0.50%
  • 17/18 0.66%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.20%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 34.50%

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

David Walton

Walton graduated from St John's College, Cambridge University with a BA Hons in Economics and worked for M & G Investment Management in London before joining Baillie Gifford in September 2000. He moved to Marlborough Fund Managers in October 2013.

Track record

David Walton has 10 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.2%. During the worst period of relative performance (from May 2001 - November 2007) there was a decline of 40% relative to the index. The worst absolute loss has been 52%.

Periods of worst performance

Absolute -52.00% (May 2001 - February 2003)
Relative -40.00% (May 2001 - November 2007)

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

2.3757% Eckert & Ziegler
2.083% Sesa Spa
2% Medistim Asa
1.9586% Fjordkraftholding Asa
1.9509% Enea Ab
1.8869% Dios Fastigheter Ab
1.8846% Roche Hldg Ag
1.8799% Ebro Foods Sa
1.8762% Swedol Ab
1.8634% Loomis Ab
Source: Trustnet

Sector breakdown

Industrials 29.00%
Consumer Discretionary 21.00%
Information Technology 15.00%
Financials 11.00%
Health Care 7.00%
Consumer Staples 6.00%
Materials 4.00%
Money Market 3.00%
Real Estate 2.00%
Utilities 1.00%

Key Investor Information

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