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SKANDIA FRANKLIN UK MID CAP LF - Fund overview

Bestinvest rating

Overview of SKANDIA FRANKLIN UK MID CAP LF

A relatively focused portfolio of around 35-50 stocks invested predominantly in companies from the FTSE 250 index, which it aims to outperform. 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

No data available.

Fund summary

Sector	–
Product type	INSURANCE BOND
Launched	October, 2011
Size	£11m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	100.60p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	4.91%
Annual management charge	–
Total expense ratio	0.00%
Reduction in yield (10yr)	0.50%

Bestinvest says

A core recommendation for UK mid cap equity exposure. The fund's manager, Paul Spencer, has not only demonstrated that he is a skilled stock picker but has also shown that he is equally adept at trading the portfolio when necessary. He successfully navigated the credit crunch and rotated the portfolio into attractively valued opportunities, which benefited from the subsequent rally. Mid cap stocks tend to be more cyclical and therefore more volatile so are more suited to investors with a longer time frame.

Portfolio

skandia franklin uk mid cap lf asset allocation illustration

Allocation		Proportion

	Equity	97%
	High yield bonds	0%
	Quality bonds	0%
	Property	0%
	Commodities	0%
	Hedge	0%
	Fund cash	3%

skandia franklin uk mid cap lf equity geographic illustration

Allocation		Proportion

	UK	100%
	Europe	0%
	Nth America	0%
	Japan	0%
	Pacific	0%
	Other Equity	0%

skandia franklin uk mid cap lf equity capitalisation illustration

Allocation		Proportion

	Large Caps	3%
	Mid Caps	57%
	Small Caps	40%

View all performance data for SKANDIA FRANKLIN UK MID CAP LF

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. 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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