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FRANKLIN (EX RENSBURG) UK SELECT GROWTH - Fund overview

Bestinvest rating 1 stars


Overview of FRANKLIN (EX RENSBURG) UK SELECT GROWTH

The objective is to produce capital growth in excess of the FTSE All Share index over the medium to longer term by investing in an unconstrained portfolio of UK equities. The fund is managed on a fundamental basis with a long-term view but the manager is also prepared to trade positions actively. The portfolio includes a mixture of growth plays, undervalued assets and technical positions and is invested across the full capitalisation range with stock ideas generated from across the UK equity team.

Standard Initial Charge

5.00% 0.00%

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Fund summary

Sector  UK All Companies
Product type  OEIC
Launched  September, 2001
Size  £167m
Yield 1.6%
Charging basis  INCOME
Dividends paid  30/04, 31/10
Bid price 263.96p

Fund Charges

Standard Initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.55%
Reduction in yield (10yr) 1.55%

Bestinvest says


Whilst the overall record of the fund has been strong under the stewardship of Mark Hall, performance more lately has been mixed and not lived up to the manager's former record. We are disappointed that the manager has missed the opportunity to add value in recent years given his historic bias to mid and small cap stocks, which have outperformed the market Furthermore ownership of the company has now changed. The fund is now on our sell list, rated as one star.

Portfolio

franklin (ex rensburg) uk select growth asset allocation illustration
Allocation Proportion
Equity 98%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 2%
franklin (ex rensburg) uk select growth equity geographic illustration
Allocation Proportion
UK 87%
Europe 12%
Nth America 1%
Japan 0%
Pacific 0%
Other Equity 0%
franklin (ex rensburg) uk select growth equity capitalisation illustration
Allocation Proportion
Large Caps 74%
Mid Caps 17%
Small Caps 9%

Investment process


This fund draws on the best stock ideas from a boutique style UK equity team - Colin Morton on Large Caps, Paul Spencer on Mid Caps and Stuart Sharp on Small Caps. The multi-cap portfolio primarily invests in core long-term growth opportunities but also tactically engages in short term trading and in interesting value plays. Although the approach is largely driven by bottom up stock picking, the macro economic (global trends and influences) environment is important to Hall. Whilst the manager makes use of sell side analysts, he is not driven by them, but rather utilises them for ideas.

The value of your investments and the income from them can go down as well as up and you can get back less than you originally invested. Any yields quoted cannot be taken as a reliable indicator of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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