Morningstar Fund Report  | 07/04/2025Print

IFSL Marlborough UK Micro-Cap Growth Fund Class P Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
IFSL Marlborough UK Micro-Cap Growth Fund Class P Acc
Fund24.7-33.8-6.27.2-6.8
+/-Cat1.8-9.7-5.91.50.3
+/-B’mrk---13.12.5-3.2
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
04/04/2025		 GBX 735.15
Day Change -3.49%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK Smaller Companies
ISIN GB00B8F8YX59
Fund Size (Mil)
28/02/2025		 GBP 491.68
Share Class Size (Mil)
28/02/2025		 GBP 490.50
Max Initial Charge -
Ongoing Charge
12/08/2024		  0.79%
Investment Objective: IFSL Marlborough UK Micro-Cap Growth Fund Class P Acc
The aim of the Fund is to provide capital growth, that is, to increase the value of investor's investment, over a minimum of 5 years, however, there is no certainty this will be achieved. The Fund is actively managed which means the Investment Manager decides which investments to buy or sell, and when. At least 80% of the Fund will be invested in the shares of smaller companies and investment trusts listed on UK stock exchanges. These are companies incorporated/domiciled in the UK or that have significant business operations in the UK.
Returns
Trailing Returns (GBP)04/04/2025
YTD-12.03
3 Years Annualised-10.43
5 Years Annualised5.08
10 Years Annualised5.88
12 Month Yield 0.57
Management
Manager Name
Start Date
Guy Feld
01/02/2012
Eustace Barbara
01/01/2021
Inception Date
31/12/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AIM All Share TR GBPMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  IFSL Marlborough UK Micro-Cap Growth Fund Class P Acc28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.090.0096.09
Bond0.000.000.00
Property0.000.000.00
Cash1.180.001.18
Other2.830.102.73
Top 5 Regions%
United Kingdom88.61
Middle East3.35
United States2.40
Asia - Developed1.58
Canada1.43
Top 5 Sectors%
Technology34.22
Industrials14.92
Financial Services12.93
Consumer Cyclical12.73
Basic Materials9.53
Top 5 HoldingsSector%
Filtronic PLCTechnologyTechnology3.59
Alpha Group International PLCFinancial ServicesFinancial Services2.87
Trustpilot Group PLCTechnologyTechnology2.65
Windward LtdTechnologyTechnology2.52
Beeks Financial Cloud Group PLCTechnologyTechnology2.14
Increase Decrease New since last portfolio
IFSL Marlborough UK Micro-Cap Growth Fund Class P Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  IFSL Marlborough UK Micro-Cap Growth Fund Class P Acc
Category:  UK Small-Cap Equity
Category Index:  Morningstar UK Small Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.1321.1922.6824.69-33.77-6.157.15-6.82
+/- Category1.85-4.0615.391.84-9.74-5.921.530.28
+/- Category Index------13.062.49-3.17
% Rank in Category297474287853642
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.49   0.291.22
1 Week-7.60   -0.92-0.10
1 Month-8.71   -1.16-1.50
3 Months-12.17   -0.55-3.39
6 Months-10.48   1.771.64
YTD-12.03   -0.49-3.01
1 Year-5.75   1.72-0.50
3 Years Annualised-10.43   -3.52-6.66
5 Years Annualised5.08   -1.45-1.10
10 Years Annualised5.88   1.053.44
 
Category: UK Small-Cap Equity
Category Index: Morningstar UK Small Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-6.82---
20240.5210.84-4.410.61
2023-4.45-3.12-2.644.13
2022-18.66-13.13-11.295.66
20218.6111.426.18-2.96
2020-29.2628.988.0924.38
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearAverageAverage3 star
10-YearAbove AverageAverage4 star
Overall*AverageAverage3 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.33 %
3-Yr Mean Return-7.82 %
 
3-Yr Sharpe Ratio-0.92
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Small Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta0.600.60
3-Yr Alpha-9.60-9.60
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 240-
Market Capitalisation% of Equity
Giant0.00
Large0.49
Medium3.87
Small22.68
Micro72.96
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.661.20
Price/Book1.430.94
Price/Sales1.131.32
Price/Cash Flow3.950.55
Dividend-Yield Factor1.810.51
 
Long-Term Projected Earnings Growth9.961.09
Historical Earnings Growth-13.47-6.23
Sales Growth-2.80-0.69
Cash-Flow Growth-1.91-0.42
Book-Value Growth-0.94-0.72
 
Category: UK Small-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.090.0096.09
Bond0.000.000.00
Property0.000.000.00
Cash1.180.001.18
Other2.830.102.73
World Regions28/02/2025
 % of EquityRelative to Category
United States2.402.32
Canada1.435.13
Latin America0.000.00
United Kingdom88.610.92
Eurozone0.010.01
Europe - ex Euro0.212.69
Europe - Emerging0.5022.81
Africa1.415.71
Middle East3.357.77
Japan0.00-
Australasia0.512.75
Asia - Developed1.582.31
Asia - Emerging0.000.00
 
Category: UK Small-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials9.531.60
Consumer CyclicalConsumer Cyclical12.730.82
Financial ServicesFinancial Services12.930.78
Consumer DefensiveConsumer Defensive0.410.07
HealthcareHealthcare7.151.90
Communication ServicesCommunication Services6.020.74
EnergyEnergy2.070.75
IndustrialsIndustrials14.920.66
TechnologyTechnology34.222.46
 
Category: UK Small-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings162
Total Number of Bond Holdings0
Assets in Top 10 Holdings21.92
NameSectorCountry% of Assets
Filtronic PLC311United Kingdom3.59
Alpha Group International PLC103United Kingdom2.87
Trustpilot Group PLC311United Kingdom2.65
Windward Ltd311Israel2.52
Beeks Financial Cloud Group PLC311United Kingdom2.14
ActiveOps PLC311United Kingdom1.79
GlobalData PLC310United Kingdom1.75
Moonpig Group PLC Ordinary Shares102United Kingdom1.64
Celebrus Technologies PLC311United Kingdom1.51
Boku Inc Ordinary Shares311United Kingdom1.45
 
Increase Decrease New since last portfolio
Category: UK Small-Cap Equity
 
Management
Name of CompanyMarlborough Investment Management Ltd.
Phone-
Website -
AddressPO Box 1852
 Lichfield   WS13 8XU
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date31/12/2012
Fund Advisor(s)
Marlborough Investment Management Ltd.
Fund ManagerGuy Feld
Manager Start Date01/02/2012
Education
University of Oxford
 
Biography
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. Working with Eustace Santa Barbara, Guy co-manages Marlborough Special Situations, Marlborough UK Micro-Cap Growth and Marlborough Nano-Cap Growth. He is also Manager of the Marlborough Global Innovation Fund
Fund ManagerEustace Barbara
Manager Start Date01/01/2021
Education
Harvard University
 
Biography
Eustace Santa Barbara,CFA. Eustace is a graduate of Harvard University and joined the investment team from Close Brothers in 2013. He has worked as both an analyst and fund manager and has 18 years experience on the buy-side. Eustace is the Co-Manager of the Marlborough Special Situations Fund, Marlborough Nano-Cap Growth Fund and the Marlborough UK Micro-Cap Growth Fund.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.79%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes