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FRANKLIN (EX RENSBURG) UK MID CAP GROWTH - Fund overview

Bestinvest rating 4 stars


Overview of FRANKLIN (EX RENSBURG) UK MID CAP GROWTH

A relatively focused portfolio of around 35-50 stocks invested predominantly in companies from the FTSE 250 index. The essence of the investment process is to hold quality companies with attractive valuations and avoid those with unattractive risk/reward profiles. To determine appropriate investments the manager undertakes detailed proprietary research into the companies and their markets.

Standard Initial Charge

4.50% 0.00%

Invest via Bestinvest to save 4.50%
Buy as ISA  |  Buy as Unit Trust

Fund summary

Sector  UK All Companies
Product type  OEIC
Launched  July, 1999
Size  £511m
Yield 1.0%
Charging basis  INCOME
Dividends paid  30/11, 31/5.
Bid price 307.97p

Fund Charges

Standard Initial charge 4.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.56%
Reduction in yield (10yr) 1.56%

Bestinvest says


This is our core recommendation for UK mid cap equity exposure. The fund's manager, Paul Spencer, has not only demonstrated to us that he is a skilled stock picker but has also shown that he is equally adept at trading the portfolio when necessary. He successful navigated the recent banking crisis period, and successfully rotated the portfolio into attractively valued opportunities, which benefited from the subsequent rally, whilst a number of other funds faltered.

Portfolio

franklin (ex rensburg) uk mid cap growth asset allocation illustration
Allocation Proportion
Equity 97%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 3%
franklin (ex rensburg) uk mid cap growth equity geographic illustration
Allocation Proportion
UK 100%
Europe 0%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
franklin (ex rensburg) uk mid cap growth equity capitalisation illustration
Allocation Proportion
Large Caps 3%
Mid Caps 57%
Small Caps 40%

View all performance data for FRANKLIN (EX RENSBURG) UK MID CAP GROWTH

Investment process


There are four main characteristics of investments held by the fund.
1. Investments that operate in markets with secular growth (e.g. outsourcing, elderly care, waste management, financial planning and emerging economies).
2. Investments that have scope for multiple expansion to provide a re-rating against the broader market.
3. Investments that can provide positive earnings surprises to generate an upgrade potential in forecasts.
4. Investments that have significant downside protection arising from rejected bids, cash balances or asset backing.
The manager actively screens out stocks which have weak balance sheets, are in sectors that are structurally challenged or whose management is believed to be unreliable.

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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