Marlborough Multi Cap Income Class P - Accumulation (GBP)

Sell:230.08p Buy:230.08p Change:

0.99p (0.43%)

Prices as at 5 May 2021

Sell:230.08p

Buy:230.08p

Change:

0.99p (0.43%)

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

Prices as at 5 May 2021

Sell:230.08p

Buy:230.08p

Change:

0.99p (0.43%)

Prices as at 5 May 2021

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Also available as income units

Charges and Savings

Initial charges
Initial charge:	0.00%
Initial saving from HL:	0.00%
HL dealing charge:	Free
Net initial charge:	0.00%

How initial savings affect the buy price

Annual charges

Performance fee:

Ongoing charge (OCF/TER):

0.78%

Ongoing saving from HL:

0.19% i

Net ongoing charge:

0.59%

There are other unit types of this fund available:

Inclusive - Class A - Income (GBP)	(Net ongoing charge 0.78%)
Inclusive - Class A - Accumulation (GBP)	(Net ongoing charge 0.78%)
Class P - Income (GBP)	(Net ongoing charge 0.59%)

HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.

We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.

If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.

In this case, the ongoing saving is 0.19%, of which 0.19% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.

	Non-taxpayer	Basic rate taxpayer	Higher rate taxpayer	Additional rate taxpayer
Ongoing saving from HL:	0.19%	0.19%	0.19%	0.19%
Loyalty bonus:	0.19%	0.19%	0.19%	0.19%
Tax on loyalty bonus:	0.00%	0.038%	0.076%	0.0855%
Value of ongoing saving to you:	0.19%	0.152%	0.114%	0.1045%

Tax rules can change and benefits depend on individual circumstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.

Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

HL Guide to fund prices, savings and yields

Please also read the Key Investor Information Document (KIID)

Other Information

Unit type:	Unbundled
Manager:	Siddarth Chand Lall Siddarth Chand Lall
Fund launch date:	1 July 2011
Sector:	UK Equity Income
Fund size:	£1,113 million
Number of holdings:	115
Fund type:	OEIC
Accumulation/income:	Accumulation
Dealing frequency:	Daily
Valuation point:	12:00
Trustee:	HSBC Bank plc
Minimum investment:	£100.00
Charges deducted from:	Capital
Available in a regular savings plan:	Yes
Minimum regular savings value:	£25.00

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Performance

	05/05/16 to 05/05/17	05/05/17 to 05/05/18	05/05/18 to 05/05/19	05/05/19 to 05/05/20	05/05/20 to 05/05/21
Annual return	13.78%	6.11%	1.71%	-18.89%	30.47%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

HL Research

Siddarth Chand Lall invests differently from most other equity income fund managers. He likes to find income opportunities among higher-risk small and mid-sized companies. They offer greater potential for growth than larger companies, which normally make up the bulk of most income-focused funds. We like the diversification this offers an...

Our latest article

Kate Marshall | 25 February 2021

In this fund update, Senior Investment Analyst Kate Marshall shares our analysis on the manager, process, culture, cost and performance of the Marlborough Multi Cap Income fund.

Fund Objective

The aim of the Fund is to provide income, that is, money paid out from an investment as dividends from shares, as well as to deliver capital growth, that is to increase the value of your investment. The Fund aims to deliver a greater income than the FTSE All-Share Index over any 3 year period. It is recommended that the fund is held for a minimum of 5 years.

Income Details

Historic yield :	3.59%
Income paid:	Bi-annually
Type of payment:	Dividend
Ex-dividend date:	31 July 2021 31 January 2022
Payment date:	30 September 2021⁴ 31 March 2022⁴

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 1 April 2021.

Security	Weight
POLAR CAPITAL HLDGS	3.69%
INTERMEDIATE CAPITAL GROUP	3.46%
BIG YELLOW GROUP	2.98%
TELECOM PLUS	2.74%
STRIX GROUP	2.72%
PHOENIX GROUP HLDGS	2.61%
3i Group Plc 3i Group Plc Ord GBP0.738636	2.52%
SAFESTORE HLDGS	2.45%
VISTRY GROUP	2.42%
TATE & LYLE	2.35%

Sector	Weight
Investment Banking & Brokerage Services	17.08%
Real Estate Investment Trusts	8.87%
Life Insurance	8.14%
Household Goods & Home Construction	4.98%
Telecommunications Service Providers	4.74%
Travel & Leisure	4.39%
Non-life Insurance	4.03%
Non-Renewable Energy	3.97%
Gas, Water & Multi-utilities	3.91%
Industrial Metals & Mining	3.69%

Country	Weight
United Kingdom	87.66%
Direct Property and REITs	3.44%
Non-Classified	2.73%
Netherlands	1.36%
Sweden	1.06%
France	0.90%
Luxembourg	0.76%
Cash and Equiv.	0.69%
United States	0.65%
Spain	0.41%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 5 May 2021. Data provided by Funds Library, correct as at 1 April 2021.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

⁴ If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

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Siddarth Chand Lall
Manager start date	01/07/2011
Manager located in	London