FTF Franklin UK Mid Cap W

Following a review of the funds in the UK Equity Income sector, we have removed the Franklin UK Mid Cap fund from our top-rated funds list.

  • 232.16p
    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.

  • 310.62p
    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?

  • 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!

  • 0.75%
    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).

  • 0.82%
    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.

  • 0.50%
    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 17 September 2021, fund data last updated 04 June 2015

The fund invests in UK equities from the FTSE 250 ex investment trusts with the objective of outperforming this index over the medium to long term.

Fund summary

Sector UK All Companies
Structure OEIC
Launched May, 2012
Size £1,163m
Yield 0.50%
Charging basis Income
Dividends paid 31 May, 30 Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.82%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.02%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.04%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Richard Bullas

Richard Bullas joined Rensburg Fund Management in 2000, In 2006 he was made Fund Manager and Associate Director and he co-managed two UK Institutional Mandates as becoming deputy fund manager on the Franklin UK Select Growth Trust and Franklin UK Manager’s Focus Fund. Prior to joining Rensburg Bullas worked at Aviva as a Market Analyst in the life and pensions department. Previously he spent a short time working at a Chartered Accountants for the Audit Team. He holds a BSc (Hons) degree in Business and Management Studies from Bradford University School of Management, graduating in 1998.

Track record

The track record of Richard Bullas in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -5.00% (August 2020 - September 2020)
Relative -8.00% (July 2020 - February 2021)

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 July 2020

4.42% Serco Group Plc
4.14% Lancashire Hldgs
4.1% Grainger Plc Ord 5p
4.01% Spirent Communications
3.81% Spectris
3.59% Electrocomponents Plc
3.26% Derwent London Plc
3.21% Cranswick
3.2% Rotork
3.19% Howden Joinery Group Plc
Source: Trustnet

Sector breakdown

Industrials 38.00%
Financials 30.00%
Consumer Services 13.00%
Consumer Goods 11.00%
Technology 4.00%
Cash & Cash Equivalents 4.00%

Portfolio

35 to 45 stocks. Typical position sizes 1.5 to 5%.

Constraints

Minimum 80% in FTSE 250 stocks.

Key Investor Information - Income

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Key Investor Information - Accumulation

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