Marlborough US Multi-Cap Income Fund

The Boston-based managers of Marlborough US Multi Cap Income invest in a conviction portfolio of high-quality, well-managed US businesses that are already making a profit and paying stable or growing dividends.

Brad Weafer, Tim Farina and Tim Robinson select their portfolio of 25-40 companies from around 4,000 US stocks. They use rigorous fundamental analysis to identify key attributes including stable demand for market-leading products, recurring revenue, pricing power and a conservative balance sheet. The team will only invest in companies with strong growth prospects, with a forecast internal rate of return in the mid-teens being the required minimum.

The aim of this approach is to reward investors with above-average returns through the different stages of the investment cycle. At the same time, the team’s long-term, low-turnover approach is designed to reduce risk and help protect the portfolio during periods of market uncertainty.