Franklin UK Rising Dividends A

UK equity fund focusing on companies that consistently raise their dividends.

  • 524.08p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 4.50% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.65%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 3.70%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 11 December 2019, fund data last updated 14 June 2010

The fund aims to provide a growing level of income, together with capital growth to achieve a total return exceeding that of the FTSE All-Share Index, over the medium to long term. To achieve this it will focus on companies that have raised their dividends in at least 8 of the last 10 years.

Fund summary

Sector UK All Companies
Structure OEIC
Launched October, 2011
Size £96m
Yield 3.70%
Charging basis Capital
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 4.50%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.65%

Allocation

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Investment process

This fund's mandate was changed in January 2015 to give it more of a focus on dividend paying stocks, though it still sits in the UK All Companies sector. Under its previous name, Franklin UK Blue Chip, it focused on large cap stocks. Manager Colin Morton also runs the Franklin UK Equity Income fund.

Manager research

Average monthly relative returns

  • 14/15 0.59%
  • 15/16 0.31%
  • 16/17 -0.05%
  • 17/18 -0.25%
  • 18/19 0.33%

Bestinvest MRI

  • 3 years 0.01%
  • 5 years 0.19%
  • Career 0.11%
  • 3 years 62.90%
  • 5 years 94.50%
  • Career 99.80%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Colin Morton

Morton began his career in 1983 as a trainee stockbroker with Wise Speke & Co, before joining Rensburg in 1988, initially as a Private Client Executive and subsequently as an Investment Manager from 1991. He joined Franklin Templeton Investments when it acquired Rensburg Fund Management in January 2011. Morton holds an Investment Management Certificate (IMC) and is a Fellow of the Securities Institute (FSI).

Track record

Colin Morton has 19 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.11%. During the worst period of relative performance (from January 2009 - March 2010) there was a decline of 11% relative to the index. The worst absolute loss has been 37%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -37.00% (September 2000 - January 2003)
Relative -11.00% (January 2009 - March 2010)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 August 2019

4.68% Royal Dutch Shell
4.58% Unilever
4.48% Diageo
3.64% Relx Plc
3.54% Astrazeneca Plc
3.51% Glaxosmithkline
3.15% Reckitt Benckiser Group Plc
3.03% Compass Group
2.6% British American Tobacco
2.59% Imperial Brands Plc
Source: Trustnet

Sector breakdown

Consumer Goods 25.00%
Financials 19.00%
Industrials 15.00%
Consumer Services 14.00%
Health Care 9.00%
Oil & Gas 5.00%
Basic Materials 4.00%
Utilities 4.00%
Cash & Cash Equivalents 4.00%
Technology 2.00%

Portfolio

The typical range of stocks within the portfolio is 50-80.

Key Investor Information

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