Morningstar Fund Report  | 10/04/2025Print

IFSL Marlborough Global Innovation Fund Class A Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
IFSL Marlborough Global Innovation Fund Class A Accumulation
Fund21.3-24.8-9.40.00.0
+/-Cat6.33.4-40.9-21.310.9
+/-B’mrk-11.0-0.8-54.9-32.413.6
 
Category: Sector Equity Technology
Category Benchmark: Morningstar Gbl Tech TME NR...
Key Stats
NAV
09/04/2025		 GBX 750.30
Day Change 0.00%
Morningstar Category™ Sector Equity Technology
IA (formerly IMA) Sector Global
ISIN GB0032832841
Fund Size (Mil)
31/03/2025		 GBP 35.91
Share Class Size (Mil)
29/09/2023		 GBP 0.00
Max Initial Charge 5.00%
Ongoing Charge
12/08/2024		  1.59%
Investment Objective: IFSL Marlborough Global Innovation Fund Class A Accumulation
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. 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 invest in shares of companies listed globally. The companies will be those the Investment Manager considers to be innovative as defined in the Investment Strategy.
Returns
Trailing Returns (GBP)09/04/2025
YTD0.00
3 Years Annualised-5.48
5 Years Annualised7.01
10 Years Annualised6.93
12 Month Yield 0.00
Management
Manager Name
Start Date
Guy Feld
01/10/2020
Inception Date
29/04/2003

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA GlobalMorningstar Gbl Tech TME NR USD
Portfolio Profile for  IFSL Marlborough Global Innovation Fund Class A Accumulation31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock91.120.0091.12
Bond0.000.000.00
Property0.000.000.00
Cash8.880.008.88
Other0.000.000.00
Top 5 Regions%
United States32.22
United Kingdom21.95
Eurozone19.08
Australasia7.21
Latin America5.13
Top 5 Sectors%
Technology70.99
Consumer Cyclical13.96
Industrials9.99
Consumer Defensive3.11
Healthcare1.94
Top 5 HoldingsSector%
Playtech PLCConsumer CyclicalConsumer Cyclical5.25
Xylem IncIndustrialsIndustrials4.70
MercadoLibre IncConsumer CyclicalConsumer Cyclical4.67
Sony Group Corp ADRTechnologyTechnology4.09
NCC Group PLCTechnologyTechnology3.64
Increase Decrease New since last portfolio
IFSL Marlborough Global Innovation Fund Class A Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  IFSL Marlborough Global Innovation Fund Class A Accumulation
Category:  Sector Equity Technology
Category Index:  Morningstar Gbl Tech TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return8.328.6563.6921.30-24.81-9.430.000.00
+/- Category11.67-21.4619.996.333.37-40.87-21.2910.91
+/- Category Index----10.95-0.77-54.89-32.4513.58
% Rank in Category799123536949410
Trailing Returns (GBP)09/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.00   0.99-10.91
1 Week0.00   11.152.96
1 Month0.00   16.517.34
3 Months0.00   21.1917.35
6 Months0.00   13.779.67
YTD0.00   19.9715.13
1 Year0.00   9.12-0.70
3 Years Annualised-5.48   -6.31-17.49
5 Years Annualised7.01   -3.60-12.23
10 Years Annualised6.93   -5.57-11.52
 
Category: Sector Equity Technology
Category Index: Morningstar Gbl Tech TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.00---
20240.000.000.000.00
2023-5.99-1.70-2.000.00
2022-17.87-14.15-1.097.81
202116.741.882.23-0.23
2020-9.1140.42-0.6929.16
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowLow2 star
5-YearBelow AverageBelow Average2 star
10-YearLowAverage1 star
OverallLowBelow Average2 star
 
Category :  Sector Equity TechnologyClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev10.32 %
3-Yr Mean Return-5.55 %
 
3-Yr Sharpe Ratio-0.94
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Tech TME NR USD  Morningstar UK HY Bd GR GBP
3-Yr Beta0.401.01
3-Yr Alpha-13.54-12.48
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 2254-
Market Capitalisation% of Equity
Giant11.01
Large2.96
Medium26.40
Small32.82
Micro26.80
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings26.531.11
Price/Book2.780.59
Price/Sales2.600.72
Price/Cash Flow13.750.96
Dividend-Yield Factor0.380.40
 
Long-Term Projected Earnings Growth8.830.65
Historical Earnings Growth4.800.45
Sales Growth6.671.12
Cash-Flow Growth12.661.05
Book-Value Growth2.000.24
 
Category: Sector Equity Technology
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock91.120.0091.12
Bond0.000.000.00
Property0.000.000.00
Cash8.880.008.88
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States32.220.49
Canada3.622.76
Latin America5.137.05
United Kingdom21.9520.21
Eurozone19.083.25
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa2.874623.63
Middle East3.445.66
Japan4.491.57
Australasia7.2135.27
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: Sector Equity Technology
Sector Weightings31/03/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical13.961.78
Consumer DefensiveConsumer Defensive3.1121.98
HealthcareHealthcare1.940.83
IndustrialsIndustrials9.992.65
TechnologyTechnology70.991.03
 
Category: Sector Equity Technology
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings43
Total Number of Bond Holdings0
Assets in Top 10 Holdings38.50
NameSectorCountry% of Assets
Playtech PLC102Italy5.25
Xylem Inc310United States4.70
MercadoLibre Inc102Brazil4.67
Sony Group Corp ADR311Japan4.09
NCC Group PLC311United Kingdom3.64
Boku Inc Ordinary Shares311United Kingdom3.56
IONOS Group SE Registered Shares311Germany3.41
Toast Inc Class A311United States3.32
VusionGroup311France3.01
Stride Inc205United States2.83
 
Increase Decrease New since last portfolio
Category: Sector Equity Technology
 
Management
Name of CompanyMarlborough Investment Management Ltd.
Phone-
Website -
AddressPO Box 1852
 Lichfield   WS13 8XU
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date29/04/2003
Fund Advisor(s)
Marlborough Investment Management Ltd.
Fund ManagerGuy Feld
Manager Start Date01/10/2020
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
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.59%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes