Quick Stats

Bid Price GBX 703.18 Offer Price GBX 712.08
Mid Price - Day Change GBX +2.63 (0.38%)
Price Date 18 Jan 2019 Crown Rating 3
Shares Class Acc. Yield 0.60 %
Last Ex-Dividend Date 31 July 2018 Dividend Frequency Annually
Sector UK Smaller Companies Fund Size 1,100,668,959.05
Launch Date 04/10/2004 Standard Initial Charge 1.00%
Ongoing cost 0.79% Annual Management Charge 0.75%
ISIN GB00B8F8YX59 Sedol B8F8YX5

Fund Objective

The objective of the scheme is to provide a total return of capital and income in excess of that achieved by the FTSE Small Cap Index (excluding investment companies) over the medium to long term. The Scheme will be actively managed on a total return basis investing primarily in UK companies having a market capitalisation of £250m or less at the time of purchase. A considerable proportion of the portfolio will be invested in smaller companies with a market capitalisation of less than £150m at the time of purchase. At times it may be appropriate for the Scheme not to be fully invested but to hold cash and near cash. The Scheme may also invest in other transferable securities, including but not limited to, warrants and government and public securities and units in collective investment schemes. The Scheme is permitted to invest in derivatives and forward transactions for the purposes of hedging only. Investors should be aware that there is no guarantee that this objective will be achieved over this (or any) time period and that your capital is in fact at risk.

Fund Managers

Giles Hargreave
Giles is head of the UK equity funds team. He is regarded as one of the UK’s leading small-cap investors and has earned numerous awards. Giles has managed Marlborough Special Situations since 1998 and now runs the fund jointly with Eustace Santa Barbara. Giles is also Co-Manager of the Marlborough UK Micro-Cap Growth and Marlborough Nano-Cap Growth funds.
Guy Feld
Guy, a graduate of Oxford University, has over 25 years' City experience dedicated to the research and fund management of small and mid-cap equities. He joined the investment team in 2003 and has a particular focus on the tech sector and other "New Economy" and growth companies. Guy co-manages the Marlborough UK Micro-Cap Growth Fund with Giles Hargreave.