FTF Royce US Smaller Companies Class X Acc
Report And Accounts
Simplified Prospectus / KIID
Portfolio data accurate as at:
Performance
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Top 10 Holdings
| Stock | % Weight |
|---|---|
| Kennedy Wilson Europe Real Estate Plc Kennedy Wilson Europe Real Estate Ord NPV | 3.07 |
| ZIFF DAVIS INC | 3.03 |
| MKS INSTRUMENTS INC | 3.00 |
| WHITE MOUNTAINS INSURANCE GROUP | 2.96 |
| ESCO TECHNOLOGIES INC | 2.64 |
| JOHN BEAN TECHNOLOGIES CORP | 2.57 |
| BIO-TECHNE CORPORATION | 2.56 |
| AIR LEASE CORPORATION | 2.46 |
| INTER PARFUMS INC | 2.44 |
| ENOVIS CORPORATION | 2.44 |
| Total | 27.17 |
Fund Aims
The objective of this Fund is to achieve capital growth, principally through investment in securities of smaller US companies.
Fund Manager
Royce & Associates
manager
for
21 years
and 1 months
Royce and Associates (Royce) devotes all of its time and resources to managing smaller-company investment portfolios. This focus distinguishes the Firm from most other asset management firms. Smaller-company value investing is Royce’s only business. The Firm pays close attention to risk and maintaining the same discipline, regardless of market movements and trends. Royce is a wholly owned subsidiary of Legg Mason, Inc.
Fund Overview
| Mid (23/09/2022) | 277.50p |
| Historic yield | 0.86% |
| Fund size (31/12/2022) | £214.65m |
| Number of holdings | 1681 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
| Launch date | 06/12/2012 |
Asset Allocation
| International Equities | 94.58% | |
| Cash and Equivalents | 1.17% | |
| Property | 0.16% | |
| UK Equities | 0.01% | |
| Alternative Trading Strategies | 0.00% | |
| Money Market | 0.00% | |
| Other Assets | 4.08% |
Portfolio data accurate as at:
Asset Allocation
| International Equities | 94.58% | |
| Cash and Equivalents | 1.17% | |
| Property | 0.16% | |
| UK Equities | 0.01% | |
| Alternative Trading Strategies | 0.00% | |
| Money Market | 0.00% | |
| Other Assets | 4.08% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 33.44% | - | - | - | |
| Industrial Goods & Services | - | 29.80% | - | - | |
| Industrial Transportation | - | - | 8.09% | - | |
| Trucking | - | - | - | 3.71% | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.47% | |
| Commercial Vehicles & Parts | - | - | - | 1.86% | |
| Marine Transportation | - | - | - | 0.03% | |
| Transportation Services | - | - | - | 0.01% | |
| Delivery Services | - | - | - | 0.01% | |
| Railroad Equipment | - | - | - | 0.01% | |
| Electronic & Electrical Equipment | - | - | 7.80% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 4.45% | |
| Electronic Equipment: Gauges & Meters | - | - | - | 3.33% | |
| Electrical Components | - | - | - | 0.01% | |
| Electronic Equipment: Other | - | - | - | 0.00% | |
| Industrial Engineering | - | - | 6.19% | - | |
| Machinery: Industrial | - | - | - | 4.69% | |
| Machinery: Engines | - | - | - | 1.48% | |
| Machinery: Specialty | - | - | - | 0.01% | |
| Machinery: Construction & Handling | - | - | - | 0.01% | |
| Machinery: Agricultural | - | - | - | 0.00% | |
| Industrial Support Services | - | - | 4.32% | - | |
| Business Training & Employment Agencies | - | - | - | 2.18% | |
| Professional Business Support Services | - | - | - | 2.12% | |
| Industrial Suppliers | - | - | - | 0.01% | |
| Transaction Processing Services | - | - | - | 0.01% | |
| Forms & Bulk Printing Services | - | - | - | 0.00% | |
| Security Services | - | - | - | 0.00% | |
| General Industrials | - | - | 2.65% | - | |
| Diversified Industrials | - | - | - | 2.64% | |
| Containers & Packaging | - | - | - | 0.01% | |
| Plastics | - | - | - | 0.00% | |
| Paints & Coatings | - | - | - | 0.00% | |
| Glass | - | - | - | 0.00% | |
| Aerospace & Defence | - | - | 0.75% | - | |
| Defense | - | - | - | 0.73% | |
| Aerospace | - | - | - | 0.02% | |
| Construction & Materials | - | 3.64% | - | - | |
| Construction & Materials | - | - | 3.64% | - | |
| Building Materials: Other | - | - | - | 2.49% | |
| Building: Climate Control | - | - | - | 1.14% | |
| Engineering & Contracting Services | - | - | - | 0.01% | |
| Construction | - | - | - | 0.01% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.00% | |
| Cement | - | - | - | 0.00% | |
| Technology | 17.49% | - | - | - | |
| Technology | - | 17.49% | - | - | |
| Software & Computer Services | - | - | 9.49% | - | |
| Software | - | - | - | 3.67% | |
| Consumer Digital Services | - | - | - | 3.04% | |
| Computer Services | - | - | - | 2.78% | |
| Technology Hardware & Equipment | - | - | 8.00% | - | |
| Production Technology Equipment | - | - | - | 3.85% | |
| Semiconductors | - | - | - | 2.37% | |
| Electronic Components | - | - | - | 1.76% | |
| Computer Hardware | - | - | - | 0.01% | |
| Electronic Office Equipment | - | - | - | 0.00% | |
| Consumer Discretionary | 14.17% | - | - | - | |
| Consumer Products & Services | - | 10.51% | - | - | |
| Personal Goods | - | - | 5.47% | - | |
| Cosmetics | - | - | - | 2.44% | |
| Luxury Items | - | - | - | 1.43% | |
| Footwear | - | - | - | 0.88% | |
| Clothing & Accessories | - | - | - | 0.71% | |
| Household Goods & Home Construction | - | - | 2.10% | - | |
| Home Construction | - | - | - | 2.08% | |
| Household Furnishings | - | - | - | 0.01% | |
| Household Equipment & Products | - | - | - | 0.00% | |
| Household Appliance | - | - | - | 0.00% | |
| Consumer Services | - | - | 1.82% | - | |
| Consumer Services: Misc. | - | - | - | 1.80% | |
| Education Services | - | - | - | 0.02% | |
| Rental & Leasing Services: Consumer | - | - | - | 0.00% | |
| Funeral Parlors & Cemetery | - | - | - | 0.00% | |
| Leisure Goods | - | - | 1.12% | - | |
| Recreational Vehicles & Boats | - | - | - | 1.11% | |
| Recreational Products | - | - | - | 0.01% | |
| Consumer Electronics | - | - | - | 0.00% | |
| Photography | - | - | - | 0.00% | |
| Electronic Entertainment | - | - | - | 0.00% | |
| Automobiles & Parts | - | 1.82% | - | - | |
| Automobiles & Parts | - | - | 1.82% | - | |
| Auto Parts | - | - | - | 1.81% | |
| Tires | - | - | - | 0.01% | |
| Auto Services | - | - | - | 0.00% | |
| Automobiles | - | - | - | 0.00% | |
| Travel & Leisure | - | 1.76% | - | - | |
| Travel & Leisure | - | - | 1.76% | - | |
| Casinos & Gambling | - | - | - | 1.73% | |
| Restaurants & Bars | - | - | - | 0.01% | |
| Airlines | - | - | - | 0.01% | |
| Recreational Services | - | - | - | 0.01% | |
| Travel & Tourism | - | - | - | 0.00% | |
| Hotels & Motels | - | - | - | 0.00% | |
| Retail | - | 0.06% | - | - | |
| Retailers | - | - | 0.06% | - | |
| Specialty Retailers | - | - | - | 0.03% | |
| Diversified Retailers | - | - | - | 0.01% | |
| Apparel Retailers | - | - | - | 0.01% | |
| Home Improvement Retailers | - | - | - | 0.00% | |
| Media | - | 0.03% | - | - | |
| Media | - | - | 0.03% | - | |
| Radio & TV Broadcasters | - | - | - | 0.01% | |
| Media Agencies | - | - | - | 0.01% | |
| Entertainment | - | - | - | 0.00% | |
| Publishing | - | - | - | 0.00% | |
| Financials | 9.76% | - | - | - | |
| Insurance | - | 5.21% | - | - | |
| Non-life Insurance | - | - | 5.19% | - | |
| Property & Casualty Insurance | - | - | - | 5.19% | |
| Full Line Insurance | - | - | - | 0.01% | |
| Reinsurance | - | - | - | 0.00% | |
| Insurance Brokers | - | - | - | 0.00% | |
| Life Insurance | - | - | 0.02% | - | |
| Life Insurance | - | - | - | 0.02% | |
| Financial Services | - | 4.16% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.08% | - | |
| Diversified Financial Services | - | - | - | 1.92% | |
| Asset Managers & Custodians | - | - | - | 1.68% | |
| Investment Services | - | - | - | 0.48% | |
| Mortgage Real Estate Investment Trusts | - | - | 0.04% | - | |
| Mortgage REITs: Commercial | - | - | - | 0.02% | |
| Mortgage REITs: Residential | - | - | - | 0.02% | |
| Mortgage REITs: Diversified | - | - | - | 0.01% | |
| Finance & Credit Services | - | - | 0.03% | - | |
| Mortgage Finance | - | - | - | 0.02% | |
| Consumer Lending | - | - | - | 0.02% | |
| Financial Data & Systems | - | - | - | 0.00% | |
| Banks | - | 0.39% | - | - | |
| Banks | - | - | 0.39% | - | |
| Banks | - | - | - | 0.39% | |
| Health Care | 6.34% | - | - | - | |
| Health Care | - | 6.34% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 3.22% | - | |
| Pharmaceuticals | - | - | - | 2.53% | |
| Biotechnology | - | - | - | 0.69% | |
| Medical Equipment & Services | - | - | 3.09% | - | |
| Medical Supplies | - | - | - | 3.07% | |
| Medical Equipment | - | - | - | 0.02% | |
| Medical Services | - | - | - | 0.01% | |
| Health Care Providers | - | - | 0.03% | - | |
| Health Care Services | - | - | - | 0.02% | |
| Health Care Management Services | - | - | - | 0.01% | |
| Health Care Facilities | - | - | - | 0.00% | |
| Real Estate | 4.34% | - | - | - | |
| Real Estate | - | 4.34% | - | - | |
| Real Estate Investment & Services | - | - | 4.14% | - | |
| Real Estate Holding and Development | - | - | - | 3.08% | |
| Real Estate Services | - | - | - | 1.06% | |
| Real Estate Investment Trusts | - | - | 0.20% | - | |
| Retail REITs | - | - | - | 0.04% | |
| Hotel & Lodging REITs | - | - | - | 0.04% | |
| Office REITs | - | - | - | 0.03% | |
| Diversified REITs | - | - | - | 0.03% | |
| Health Care REITs | - | - | - | 0.02% | |
| Industrial REITs | - | - | - | 0.02% | |
| Residential REITs | - | - | - | 0.01% | |
| Infrastructure REITs | - | - | - | 0.01% | |
| Other Specialty REITs | - | - | - | 0.01% | |
| Timber REITs | - | - | - | 0.01% | |
| Basic Materials | 4.20% | - | - | - | |
| Chemicals | - | 3.52% | - | - | |
| Chemicals | - | - | 3.52% | - | |
| Specialty Chemicals | - | - | - | 3.51% | |
| Chemicals: Diversified | - | - | - | 0.00% | |
| Fertilizers | - | - | - | 0.00% | |
| Basic Resources | - | 0.68% | - | - | |
| Industrial Metals & Mining | - | - | 0.66% | - | |
| Iron & Steel | - | - | - | 0.64% | |
| Metal Fabricating | - | - | - | 0.01% | |
| Aluminum | - | - | - | 0.00% | |
| General Mining | - | - | - | 0.00% | |
| Nonferrous Metals | - | - | - | 0.00% | |
| Industrial Materials | - | - | 0.02% | - | |
| Diversified Materials | - | - | - | 0.01% | |
| Paper | - | - | - | 0.01% | |
| Forestry | - | - | - | 0.00% | |
| Textile Products | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.01% | - | |
| Platinum & Precious Metals | - | - | - | 0.00% | |
| Gold Mining | - | - | - | 0.00% | |
| Non-Classified | 4.08% | - | - | - | |
| Energy | 3.79% | - | - | - | |
| Energy | - | 3.79% | - | - | |
| Renewable Energy | - | - | 2.08% | - | |
| Renewable Energy Equipment | - | - | - | 2.08% | |
| Alternative Fuels | - | - | - | 0.01% | |
| Non-Renewable Energy | - | - | 1.70% | - | |
| Oil Equipment & Services | - | - | - | 1.64% | |
| Oil: Crude Producers | - | - | - | 0.03% | |
| Coal | - | - | - | 0.01% | |
| Oil Refining and Marketing | - | - | - | 0.01% | |
| Pipelines | - | - | - | 0.01% | |
| Offshore Drilling & Other Services | - | - | - | 0.00% | |
| Cash and Equivalents | 1.17% | - | - | - | |
| Utilities | 1.13% | - | - | - | |
| Utilities | - | 1.13% | - | - | |
| Waste & Disposal Services | - | - | 1.04% | - | |
| Waste & Disposal Services | - | - | - | 1.04% | |
| Gas, Water & Multi-utilities | - | - | 0.06% | - | |
| Gas Distribution | - | - | - | 0.05% | |
| Water | - | - | - | 0.01% | |
| Multi-Utilities | - | - | - | 0.01% | |
| Electricity | - | - | 0.03% | - | |
| Conventional Electricity | - | - | - | 0.03% | |
| Alternative Electricity | - | - | - | 0.01% | |
| Consumer Staples | 0.05% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.03% | - | - | |
| Food Producers | - | - | 0.03% | - | |
| Food Products | - | - | - | 0.02% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Tobacco | - | - | 0.00% | - | |
| Tobacco | - | - | - | 0.00% | |
| Beverages | - | - | 0.00% | - | |
| Soft Drinks | - | - | - | 0.00% | |
| Distillers & Vintners | - | - | - | 0.00% | |
| Personal Care, Drug & Grocery Stores | - | 0.02% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.02% | - | |
| Food Retailers & Wholesalers | - | - | - | 0.01% | |
| Personal Products | - | - | - | 0.01% | |
| Nondurable Household Products | - | - | - | 0.00% | |
| Drug Retailers | - | - | - | 0.00% | |
| Telecommunications | 0.02% | - | - | - | |
| Telecommunications | - | 0.02% | - | - | |
| Telecommunications Service Providers | - | - | 0.02% | - | |
| Telecommunications Services | - | - | - | 0.01% | |
| Cable Television Services | - | - | - | 0.00% | |
| Telecommunications Equipment | - | - | 0.01% | - | |
| Telecommunications Equipment | - | - | - | 0.01% | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| North America | 94.55% | |
| Non-Classified | 4.08% | |
| Cash and Equivalents | 1.17% | |
| Property | 0.16% | |
| Developed Europe - Excl UK | 0.02% | |
| UK | 0.01% | |
| South & Central America | 0.01% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 97.86% | |
| Cash | 2.14% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 94.55% | - | |
United States
|
- | 92.93% | |
Canada
|
- | 1.62% | |
| Non-Classified | 4.08% | - | |
| Cash and Equivalents | 1.17% | - | |
| Property | 0.16% | - | |
| Developed Europe - Excl UK | 0.02% | - | |
Ireland
|
- | 0.01% | |
Germany
|
- | 0.00% | |
Netherlands
|
- | 0.00% | |
France
|
- | 0.00% | |
Luxembourg
|
- | 0.00% | |
Norway
|
- | 0.00% | |
Switzerland
|
- | 0.00% | |
Finland
|
- | 0.00% | |
Italy
|
- | 0.00% | |
Spain
|
- | 0.00% | |
Denmark
|
- | 0.00% | |
Belgium
|
- | 0.00% | |
Portugal
|
- | 0.00% | |
Sweden
|
- | 0.00% | |
Austria
|
- | 0.00% | |
| UK | 0.01% | - | |
United Kingdom
|
- | 0.01% | |
| South & Central America | 0.01% | - | |
Puerto Rico
|
- | 0.01% | |
Breakdown By Market Cap (%)
| Large |
|
1.04% |
| Medium |
|
53.66% |
| Small |
|
25.59% |
| Micro |
|
13.13% |
| Non-Classified |
|
5.40% |
| Cash |
|
1.17% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Kennedy Wilson Europe Real Estate Plc Kennedy Wilson Europe Real Estate Ord NPV | 3.07% | Real Estate Investment & Services | United States |
| 2 | ZIFF DAVIS INC | 3.03% | Software & Computer Services | United States |
| 3 | MKS INSTRUMENTS INC | 3.00% | Electronic & Electrical Equipment | United States |
| 4 | WHITE MOUNTAINS INSURANCE GROUP | 2.96% | Non-life Insurance | United States |
| 5 | ESCO TECHNOLOGIES INC | 2.64% | General Industrials | United States |
| 6 | JOHN BEAN TECHNOLOGIES CORP | 2.57% | Industrial Engineering | United States |
| 7 | BIO-TECHNE CORPORATION | 2.56% | Medical Equipment & Services | United States |
| 8 | AIR LEASE CORPORATION | 2.46% | Industrial Transportation | United States |
| 9 | INTER PARFUMS INC | 2.44% | Personal Goods | United States |
| 10 | ENOVIS CORPORATION | 2.44% | Medical Equipment & Services | Non-Classified |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 17.49% | - | - | - | - | - | - | 17.49% |
| Telecommunications | - | 0.02% | - | - | - | - | - | - | 0.02% |
| Financials | - | 9.76% | - | - | - | 0.01% | 0.01% | - | 9.77% |
| Real Estate | - | 4.19% | - | - | - | 0.16% | - | - | 4.34% |
| Consumer Discretionary | - | 14.17% | - | - | - | - | - | - | 14.17% |
| Consumer Staples | - | 0.05% | - | - | - | - | - | - | 0.05% |
| Energy | - | 3.79% | - | - | - | - | 0.01% | - | 3.79% |
| Utilities | - | 1.13% | - | - | - | - | - | - | 1.14% |
| Health Care | - | 6.34% | - | - | - | - | 2.45% | - | 8.79% |
| Industrials | - | 33.44% | - | - | - | - | 1.60% | - | 35.04% |
| Basic Materials | - | 4.20% | - | - | - | - | - | - | 4.20% |
| Cash and Equivalents | - | - | - | - | - | - | - | 1.17% | 1.17% |
| Non-Classified | - | - | - | - | - | - | 0.01% | - | 0.01% |
Identification Codes
| Sedol Code | B8BRMK9 |
| Mex Code | JRCOMP |
| Isin Code | GB00B8BRMK99 |
| Citi Code | GVDH |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
Aims and Benchmark
| Aims | The objective of this Fund is to achieve capital growth, principally through investment in securities of smaller US companies. |
| Benchmark | Russell 2000 Index |
| Benchmark Category | - |
| IA Sector | North American Smaller Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | ICVC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 March | 30 April |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Bank of New York Mellon (International) Limited |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | Bank of New York Mellon (International) Limited |
Group Details
| Group name | Franklin Templeton Funds II (CLOSED) |
| Group address | Franklin Templeton PO Box 563 Darlington DL1 9ZF |
| Group telephone | 0330 123 3790 |
| Dealing telephone | 0330 123 3790 |
| FTF@bnymellon.com | |
| Homepage | www.franklintempleton.co.uk |
| Fax number | 0330 123 3791 |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.68 |
| Beta | 1.05 |
| Sharpe | 0.44 |
| Standard Deviation | 23.01 |
| Info Ratio | 0.20 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.