Marlborough UK Micro-Cap Growth Inclusive - Class A - Accumulation (GBP)

Sell:665.09p Buy:665.09p Change:

0.31p (0.05%)

Prices as at 22 May 2020

Sell:665.09p

Buy:665.09p

Change:

0.31p (0.05%)

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

Prices as at 22 May 2020

Sell:665.09p

Buy:665.09p

Change:

0.31p (0.05%)

Prices as at 22 May 2020

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.

Charges and Savings

Initial charges
Initial charge:	5.00%
Initial saving from HL:	5.00%
HL dealing charge:	Free
Net initial charge:	0.00%

How initial savings affect the buy price

Annual charges

Performance fee:

Ongoing charge (OCF/TER):

1.53%

Ongoing saving from HL:

0.75% i

Net ongoing charge:

0.78%

There are other unit types of this fund available:

Class P - Accumulation (GBP)

(Net ongoing charge 0.69%)

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 0.75%, of which 0.75% 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:	0.75%	0.75%	0.75%	0.75%
Loyalty bonus:	0.75%	0.75%	0.75%	0.75%
Tax on loyalty bonus:	0.00%	0.15%	0.3%	0.3375%
Value of ongoing saving to you:	0.75%	0.6%	0.45%	0.4125%

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:	Inclusive
Manager:	Multiple Multiple
Fund launch date:	4 October 2004
Launch price:	£1.00
Sector:	UK Smaller Companies
Fund size:	£852 million
Number of holdings:	231
Fund type:	Unit Trust
Accumulation/income:	Accumulation
Dealing frequency:	Daily
Valuation point:	12:00
Trustee:	HSBC Bank plc
Minimum investment:	£100.00
Charges deducted from:	Income
Available in a regular savings plan:	Yes
Minimum regular savings value:	£25.00

Ready to invest?

To invest in , you'll need to have an account. Try our handy filter to explore the different options.

Compare accounts

Ready to take your first step?

To invest in , you'll need to open an account. Try our handy filter and find out which suits you best.

Compare accounts

Performance

	22/05/15 to 22/05/16	22/05/16 to 22/05/17	22/05/17 to 22/05/18	22/05/18 to 22/05/19	22/05/19 to 22/05/20
Annual return	7.35%	31.39%	17.31%	-3.57%	-8.21%

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

We think Giles Hargreave is one of the best UK smaller companies fund managers around. He invests in some of the smallest companies on the UK stock market. This is one of the most overlooked parts of the market, giving him lots of opportunity to spot hidden gems. Smaller companies...

Our latest article

Jonathon Curtis | 14 May 2020

Giles Hargreave, co-manager of the Marlborough UK Micro-Cap Growth, Marlborough Nano-Cap Growth and Marlborough Special Situations funds is stepping back from full-time fund management from 1 January 2021.

Fund Objective

The aim of the Fund is to increase the value of your investment by more than any increase in the FTSE SmallCap Index (ex-Investment Companies), after any charges have been taken out of the Fund, over any 5 year period. However, there is no certainty this will be achieved.

Income Details

Income paid:	Annually
Type of payment:	Dividend
Ex-dividend date:	31 July 2020
Payment date:	30 September 2020⁴

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. There is currently no yield information available for this fund.

Security	Weight
GAMES WORKSHOP GROUP	2.34%
IMIMOBILE	2.33%
S4 CAPITAL	2.27%
DISCOVERIE GROUP	2.01%
KNIGHTS GROUP HLDGS	1.93%
IG DESIGN GROUP	1.84%
AUGEAN	1.80%
IMPAX ASSET MANAGEMENT GROUP	1.77%
GLOBALDATA	1.77%
AB DYNAMICS	1.59%

Sector	Weight
Software & Computer Services	13.04%
Investment Banking & Brokerage Services	11.89%
Industrial Support Services	10.06%
Media	6.10%
Pharmaceuticals & Biotechnology	4.82%
Precious Metals & Mining	4.67%
Leisure Goods	4.43%
Cash and Equiv.	4.16%
Medical Equipment & Services	3.42%
Managed Funds	3.37%

Country	Weight
United Kingdom	86.61%
Cash and Equiv.	4.16%
Managed Funds	3.37%
Non-Classified	1.60%
United States	1.20%
Australia	0.88%
Canada	0.84%
Ireland	0.64%
Israel	0.53%
Singapore	0.15%

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 22 May 2020. Data provided by Funds Library, correct as at 1 May 2020.

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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.

Options

Find another fund

More Marlborough funds »

More UK Smaller Companies funds »

Giles Hargreave
Manager start date	04/10/2004
Manager located in	London

Guy Feld
Manager start date	01/02/2012
Manager located in	London