Marlborough Extra Income

Aims for both income and growth from loan stock, equities and preference shares

  • 88.34p
    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?

  • 5.00% 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).

  • 1.62%
    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.

  • 3.90%
    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 23 January 2020

Fund summary

Sector Mixed Investment 40-85% Shares
Structure UNIT TRUST
Launched August, 1995
Size £44m
Yield 3.90%
Charging basis Capital
Dividends paid 20 Mar, 20 Jun, 20 Sep, 20 Dec

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 1.62%

Allocation

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Investment process

The objective of the fund is to provide investors with high income together with the prospect of growth in the value of units by purchasing high yielding shares, corporate loan stocks and preference shares.

Manager research

Average monthly relative returns

  • 15/16 0.18%
  • 16/17 -0.30%
  • 17/18 0.53%
  • 18/19 -0.12%
  • 19/20 -0.08%

Bestinvest MRI

  • 3 years 0.11%
  • 5 years 0.04%
  • Career 0.10%
  • 3 years 73.20%
  • 5 years 68.40%
  • Career 89.30%

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

Nigel Beidas

Beidas started his investment career as a research analyst in the City before taking over the management of a unit trust in 1984. He went on to become Head of UK Equities at a Canadian insurance company. He works at the north Wales branch of Hargreave Hale, who he joined in 1997.

Track record

Nigel Beidas has 10.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.1%. During the worst period of relative performance (from March 2009 - March 2009) there was a decline of 10% relative to the index. The worst absolute loss has been 10%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance

Absolute -10.00% (December 2017 - December 2018)
Relative -10.00% (March 2009 - March 2009)

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 29 November 2019

3.7762% Royal Dutch Shell
3.3755% Rio Tinto
2.5017% Phoenix Group Hldgs Plc
2.3111% Diageo
2.127% Legal & General Group
2.0664% Microsoft Corp
2.064% Severn Trent Plc
1.9814% Experian Plc
1.8716% Astrazeneca Plc
1.8203% Unilever
Source: Trustnet

Sector breakdown

Financials 18.00%
Industrials 14.00%
Investment Grade Corporate Bonds 13.00%
Consumer Staples 9.00%
Consumer Discretionary 9.00%
High Yield Bond 7.00%
Energy 6.00%
Health Care 5.00%
Basic Materials 5.00%
Utilities 5.00%

Key Investor Information

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