Morningstar Fund Report  | 07/04/2025Print

FTF Martin Currie UK Mid Cap Fund W (Acc)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
FTF Martin Currie UK Mid Cap Fund W (Acc)
Fund19.1-19.89.5-0.8-7.2
+/-Cat4.32.43.6-8.1-2.1
+/-B’mrk---7.1-7.4-4.7
 
Category: UK Mid-Cap Equity
Category Benchmark: Morningstar UK SMID Cap TME...
Key Stats
NAV
07/04/2025		 GBP 2.23
Day Change -3.39%
Morningstar Category™ UK Mid-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B7BXT545
Fund Size (Mil)
28/02/2025		 USD 561.52
Share Class Size (Mil)
04/04/2025		 GBP 163.85
Max Initial Charge -
Ongoing Charge
02/12/2024		  0.82%
Morningstar Research
Analyst Report12/02/2025
Henry Ince, Analyst
Morningstar, Inc

Franklin UK Mid Cap benefits from a stable team-based approach and an experienced lead manager well-versed in its implementation. The W clean share class retains its Morningstar Analyst Rating of Bronze; the S share class is Silver. Richard...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: FTF Martin Currie UK Mid Cap Fund W (Acc)
The Fund aims to increase in value through investment growth by more than the FTSE 250 (ex-Investment Trusts) Index over periods of five years after all fees and costs are deducted. The Fund invests at least two thirds (but typically significantly more) in the shares of medium-sized companies that are constituents of the FTSE 250 (ex-Investment Trusts) Index and that are incorporated/domiciled in the UK or which have significant business operations in the UK. This will typically be around 30–50 companies. The Investment Manager tries to further reduce risk by making sure no single company share dominates the Fund’s investments. Normally, the Investment Manager tries to keep shareholdings in any individual company between 1.5% and 5% of the Fund’s total value.
Returns
Trailing Returns (GBP)07/04/2025
YTD-15.01
3 Years Annualised-4.43
5 Years Annualised2.14
10 Years Annualised1.94
12 Month Yield 2.98
Management
Manager Name
Start Date
Richard Bullas
01/09/2013
Daniel Green
30/06/2020
Click here to see others
Inception Date
31/05/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE 250 Ex Investment Trust TR GBPMorningstar UK SMID Cap TME NR GBP
Portfolio Profile for  FTF Martin Currie UK Mid Cap Fund W (Acc)28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.250.0096.25
Bond0.000.000.00
Property0.000.000.00
Cash3.750.003.75
Other0.000.000.00
Top 5 Regions%
United Kingdom100.00
United States0.00
Canada0.00
Latin America0.00
Eurozone0.00
Top 5 Sectors%
Industrials26.78
Consumer Cyclical24.12
Financial Services18.96
Real Estate10.75
Technology8.55
Top 5 HoldingsSector%
Cranswick PLCConsumer DefensiveConsumer Defensive4.62
QinetiQ Group PLCIndustrialsIndustrials4.45
JTC PLC Ordinary SharesFinancial ServicesFinancial Services4.42
Rotork PLCIndustrialsIndustrials4.30
Bodycote PLCIndustrialsIndustrials4.18
Increase Decrease New since last portfolio
FTF Martin Currie UK Mid Cap Fund W (Acc)
Growth Of 1000 (GBP) 31/03/2025
Fund:  FTF Martin Currie UK Mid Cap Fund W (Acc)
Category:  UK Mid-Cap Equity
Category Index:  Morningstar UK SMID Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.4642.30-14.1919.06-19.789.50-0.80-7.18
+/- Category1.4811.47-11.254.262.383.60-8.15-2.08
+/- Category Index------7.07-7.40-4.67
% Rank in Category383981652179791
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.39   1.110.83
1 Week-8.43   -1.09-2.22
1 Month-11.35   -3.03-3.91
3 Months-14.09   -4.36-7.29
6 Months-19.87   -8.94-11.81
YTD-15.01   -4.99-7.90
1 Year-16.28   -11.18-13.12
3 Years Annualised-4.43   -0.96-5.45
5 Years Annualised2.14   -4.86-7.61
10 Years Annualised1.94   -1.10-1.56
 
Category: UK Mid-Cap Equity
Category Index: Morningstar UK SMID Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-7.18---
20241.631.833.11-7.03
20231.37-1.310.339.09
2022-14.30-10.04-9.6715.19
20215.676.244.751.24
2020-34.7313.41-3.1519.70
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearBelow AverageAverage2 star
10-YearBelow AverageAbove Average2 star
Overall*Below AverageAbove Average2 star
 
Category :  UK Mid-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev18.09 %
3-Yr Mean Return-0.34 %
 
3-Yr Sharpe Ratio-0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK SMID Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta1.031.03
3-Yr Alpha-4.63-0.02
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 1649-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium35.95
Small64.05
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.061.11
Price/Book1.530.94
Price/Sales0.971.11
Price/Cash Flow8.061.05
Dividend-Yield Factor3.911.09
 
Long-Term Projected Earnings Growth8.471.09
Historical Earnings Growth-1.12-0.18
Sales Growth7.011.75
Cash-Flow Growth14.481.62
Book-Value Growth3.391.29
 
Category: UK Mid-Cap Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.250.0096.25
Bond0.000.000.00
Property0.000.000.00
Cash3.750.003.75
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America0.000.00
United Kingdom100.001.08
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Mid-Cap Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.250.54
Consumer CyclicalConsumer Cyclical24.121.21
Financial ServicesFinancial Services18.960.87
Real EstateReal Estate10.751.64
Consumer DefensiveConsumer Defensive6.520.99
Communication ServicesCommunication Services2.070.36
IndustrialsIndustrials26.781.30
TechnologyTechnology8.551.07
 
Category: UK Mid-Cap Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings35
Total Number of Bond Holdings0
Assets in Top 10 Holdings40.64
NameSectorCountry% of Assets
Cranswick PLC205United Kingdom4.62
QinetiQ Group PLC310United Kingdom4.45
JTC PLC Ordinary Shares103United Kingdom4.42
Rotork PLC310United Kingdom4.30
Bodycote PLC310United Kingdom4.18
Bellway PLC102United Kingdom4.10
Serco Group PLC310United Kingdom3.99
Grainger PLC104United Kingdom3.85
Paragon Banking Group PLC103United Kingdom3.44
Dunelm Group PLC102United Kingdom3.28
 
Increase Decrease New since last portfolio
Category: UK Mid-Cap Equity
 
Management
Name of CompanyFranklin Templeton Fund Management Ltd
Phone-
Website -
Address-
 London   WC2N 6HT
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date31/05/2012
Fund Advisor(s)
Martin Currie Investment Management Ltd
Fund ManagerRichard Bullas
Manager Start Date01/09/2013
Fund ManagerDaniel Green
Manager Start Date30/06/2020
Education
University of Sheffield, B.A.
 
Biography
Dan Green is an Equity Research Analyst for the Franklin UK Equity Team, focussing on UK Small- and Mid-cap equities. Dan joined Franklin Templeton Investments in September 2015. Dan began his career with PwC working predominately with Financial Services clients before joining JP Morgan to work as Equity Derivatives Analyst. His role prior to Franklin Templeton Investments was at Deutsche Bank where he was Assistant Vice President in the Valuations team. Dan holds a Bachelor of Laws (Hons) from the University of Sheffield. He also holds an Investment Management Certificate (IMC) and is a Chartered Financial Analyst (CFA) charterholder.
Fund ManagerMarcus Tregoning
Manager Start Date30/06/2020
Fund ManagerCourtney Westcarr
Manager Start Date31/01/2025
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.82%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional250  GBP
Savings-
Tax Free Savings Schemes
ISAsYes