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IFSL Marlborough Multi Cap Income Class P - Income (GBP)

Sell:130.90p Buy:130.90p Change: 1.27p (0.98%)
Prices as at 24 December 2024
Sell:130.90p
Buy:130.90p
Change: 1.27p (0.98%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 24 December 2024
Sell:130.90p
Buy:130.90p
Change: 1.27p (0.98%)
Prices as at 24 December 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
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.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

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.

Our view on the sector

Equity income funds are popular with investors. Most aim to generate a rising income, and increase the value of your original investment, over the long term. The income can be paid out, or reinvested in the fund to boost long-term growth. Different fund managers take different approaches to income investing. Some focus on larger companies that are seen to be more stable and have paid regular dividends for many years. Others invest in higher-risk small and medium-sized companies. These might pay a lower income to start with, but have more growth potential. We think carefully chosen equity income funds can form the cornerstone of almost any portfolio.

Performance Analysis

Chand Lall's managed the fund since it launched in July 2011. As with any fund investing in smaller companies, there have been some big ups and downs in performance. Over the longer term the fund has tended to hold up better than the market when it's fallen but hasn't tended to keep up quite as quickly when the market has risen.

Part or all of the annual charge is taken from capital rather than income generated, increasing the potential for your investment's capital value to be eroded.

Investment Philosophy

The manager believes in focusing on income-paying small and mid-sized companies to achieve long-term growth in capital and income. He thinks companies that are performing strongly are more likely to carry on doing well, compared to companies where things aren't working out. Rather than wait for the latter to recover like some managers might, he'll move on to the next opportunity.

Process and Portfolio Construction

The manager invests in over 100 income-paying companies, giving the fund lots of diversification. He can search anywhere in the UK market from large to small companies. The manager analyses potential companies, so he can be confident they'll keep paying and growing dividends, and growing themselves too. He places a lot of importance on meeting with company management to get a good understanding of the business, its ambitions and its prospects.

question mark Manager Track Record Based on HL Quantitative Research

  • IFSL Marlborough Multi Cap...
  • IA UK Equity Income
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

24/12/19 to 24/12/20 24/12/20 to 24/12/21 24/12/21 to 24/12/22 24/12/22 to 24/12/23 24/12/23 to 24/12/24
Annual return -14.10% 22.14% -18.65% 4.61% 6.01%

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.

Fund Management Group Comment

Marlborough Fund Managers was set up in 1986 and it launched its first unit trust in 1987. They've been managing money for more than three decades and are one of the UK's leading independently owned investment management specialists.

In November 2021, Marlborough Fund Managers and Marlborough Investment Management merged to create a single investment management company - Marlborough.

Information about the fund

Fund manager biography

manager photo
Manager Name: Siddarth Chand Lall
Manager start date: 1 July 2011
Manager located in: London

Sid is a graduate of Edinburgh University with 20 years' experience on the buy-side. He was previously a specialist in Pan European (including UK) small and mid-cap equities at DSP. Sid joined the team in 2007 to work on the Marlborough funds and has managed the Multi Cap Income Fund since launch in July 2011

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. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now