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ROYAL LONDON UK MID CAP GROWTH A - Fund overview

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Overview of ROYAL LONDON UK MID CAP GROWTH A

This funds objective seeks to achieve capital growth, principally through the investment in medium-sized UK companies represented by the FTSE 250 ex IT index - although the Manager retains the discretion to invest in some FTSE 100 or FTSE AIM / small company stocks. The manager considers himself more of a growth investor within a top down / thematic driven framework.

Standard Initial Charge

4.00% 1.00%

Invest via Bestinvest

to save 3.00%

Fund summary

Sector  UK All Companies
Product type  OEIC
Launched  June, 2006
Size  £85m
Yield 0.9%
Charging basis  –
Dividends paid  Acc units only.
Bid price 174.80p

Fund Charges

Standard Initial charge 4.00%
Initial charge via Bestinvest 1.00%
Additional bid/offer spread 0.00%
Annual management charge 1.40%
Total expense ratio 1.48%
Reduction in yield (10yr) 1.58%

Bestinvest says


The manager is an experienced UK equity investor, albeit his profile is not as high as some of his peers. AUM for this dedicated portfolio are still relatively small relative to alternative mandates with similar objectives.

Portfolio

royal london uk mid cap growth a asset allocation illustration
Allocation Proportion
Equity 97%
High yield bonds
Quality bonds 0%
Property 0%
Commodities 0%
Hedge
Fund cash 3%
royal london uk mid cap growth a equity geographic illustration
Allocation Proportion
UK 88%
Europe 7%
Nth America 0%
Japan 0%
Pacific 2%
Other Equity 3%
royal london uk mid cap growth a equity capitalisation illustration
Allocation Proportion
Large Caps 0%
Mid Caps 49%
Small Caps 51%

Investment process


Investing primarily in FTSE Mid 250 stocks, the manager has a preference for undervalued companies were he can envisage a catalyst that will provide earnings surprise. Consensus earnings in this respect are an important consideration, as are price and earnings momentum inputs. These stocks are in turn selected within a top down / thematic framework arrived at by the manager. At least 80% of the fund will tend to be invested in core positions, whilst the balance maybe invested in more tactical ideas. Small and Large companies that fall into the portfolio are usually on the edge of the FTSE 250 index.

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. Past performance or any yields quoted should not be considered reliable indicators 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; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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