Marlborough US Multi-Cap Income A

Targets an increasing level of income from mainly large cap North American equities.

  • 576.24p Price (Inc)
  • - Price (Acc)
  • 5.25% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.80% Ongoing charges
  • 1.40% Yield

Prices as at 09 December 2019

The objective of the fund is to achieve an increasing level of income with the potential for some capital appreciation. To attain its objective, the fund will invest mainly in transferable securities of North American listed and/or North American domiciled companies.

Fund summary

Sector North America
Structure UNIT TRUST
Launched September, 1983
Size £64m
Yield 1.40%
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 1.80%

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Investment process

To obtain capital growth by investing predominantly in securities of North American listed and/or North American domiciled companies.

Manager research

Average monthly relative returns

  • 14/15 -0.17%
  • 15/16 -0.30%
  • 16/17 -0.19%
  • 17/18 0.06%
  • 18/19 0.52%

Bestinvest MRI

  • 3 years 0.13%
  • 5 years -0.02%
  • Career -0.12%
  • 3 years 81.90%
  • 5 years 63.70%
  • Career 44.80%

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

Emerson Investment Management

John D. (Jack) Lemery, CFA, is Emerson’s Chief Investment Officer and Managing Director.

Track record

Emerson Investment Management has 9 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 September 2011 - March 2019) there was a decline of 20% relative to the index. The worst absolute loss has been 11%.

Periods of worst performance

Absolute -11.00% (August 2018 - December 2018)
Relative -20.00% (September 2011 - 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.

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Top 10 holdings

Data accurate as at 30 August 2019

5.901% Microsoft Corp
4.9076% Broadridge Finl Solutions Inc
4.6157% Cme Group Inc
4.3058% Mastercard Inc
4.0619% Air Products & Chemicals Inc
3.9602% Lockheed Martin Corp
3.9553% Equinix Inc
3.929% Apple Inc
3.399% Qualcomm Inc
3.3605% Sherwin-Williams Co
Source: Trustnet

Key Investor Information

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