This is a marketing communication. For the purposes of the UK Sustainability Disclosure Requirements, a sustainable investment label helps investors find funds that have a specific sustainability objective. This Fund does not have a UK sustainable investment label because it does not have a specific sustainability objective.
The UK equity team, previously part of Martin Currie, has now formally aligned under ClearBridge Investments, as of the 30 September 2025.
This new structure will optimise the combined strengths of the UK equity team and ClearBridge Investments. The team will maintain their investment autonomy and will have access to broader resources to benefit clients.
A concentrated UK portfolio focused on smaller companies with a market cap typically between £100 million and £1 billion. The fund aims to grow in value by more than the Numis Smaller Companies ex Investment Trusts index over a three- to five-year period.
We seek proven companies with strong balance sheets, low leverage and exposure to structurally growing end markets
Diversified positions across growth, value and cyclical investments
Stringent risk and valuation driven approach
We believe in a common-sense approach to investing. Using a disciplined and proven process, we create a concentrated yet balanced portfolio of what we consider to be the highest quality companies - either in the Numis Smaller Companies ex Investment Trusts index or that are listed on the Alternative Investment Market (AIM) exchange.
Fundamental approach: fundamental bottom-up analysis and proprietary modelling that identifies companies with high or improving returns on capital - this allows for growth of operations and compounding of earnings.
Small cap focus: purely small cap in focus with very little overlap with mid cap stocks.
Portfolio concentration: we look for companies exposed to emerging themes and market inefficiencies to create a concentrated, high conviction portfolio of 40-50 diverse stocks.
The FTF ClearBridge UK Smaller Companies Fund is managed by the small- and mid-cap UK Equity team at ClearBridge. Based in Leeds, the team specialises in building portfolios from stocks listed on the UK’s mid cap and smaller companies markets. Managing portfolios since 1985, the team takes a studious approach to company analysis, which is necessary in this area of the market.
Co-Head, UK Equities (Small & Mid-Cap)
Vice President, Portfolio Manager - UK Equity
Portfolio Manager & Research Analyst
Portfolio Manager & Research Analyst
UK EQUITY
You don’t need to look very far to be confronted with negative headlines and stories of broken Britain. But, maybe it’s time to change the narrative, take a closer look and discover the real story on UK equities.
What are the Key Fund Risks?
FTF ClearBridge UK Smaller Companies Fund
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments. There is no guarantee that the Fund will meet its objective.
The Fund invests mainly in equity securities of smaller UK companies that are no larger than the largest company in the Numis Smaller Companies ex-Investment Trusts Index. Such securities have historically been subject to price movements, sometimes to a greater extent than securities of larger UK companies, due to company-specific factors or movements in the UK equity markets generally. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods.
Risks materially relevant not adequately captured by the indicator:
Concentration risk: the risk that arises when a fund invests in relatively few holdings, few sectors or a restricted geographic area. Performance may be more volatile than a fund with a greater number of securities.
Single Country/Region Risk: This fund invests primarily in UK, which means that it is more sensitive to local economic, market, political or regulatory events in UK, and will be more affected by these events than other funds that invest in a broader range of regions.
Equity risk: prices of equities may be affected by factors such as economic, political, market, and issuer-specific changes. Such changes may adversely affect the value of the equities regardless of company-specific performance.
Investment in smaller company shares: The fund buys shares in smaller companies. It may be difficult to sell these shares, in which case the fund may not be able to minimise a loss on such shares.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
For a full discussion of all the risks applicable to this Fund, please refer to the “Risk Factors” section of the current prospectus of Franklin Templeton Funds.
Important Legal Information
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Effective 30 September 2025, the FTF Martin Currie UK Smaller Companies Fund was renamed FTF ClearBridge UK Smaller Companies Fund. Effective 30 September 2025, the fund’s investment manager changed to "ClearBridge Investment Management Limited" ("CIML").
This webpage is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of the sub funds of Franklin Templeton Funds ("FTF"), a UK-domiciled OEIC ("the Fund"). Nothing in this document should be construed as investment advice. Subscriptions to shares of the Fund can only be made on the basis of the current prospectus, the relevant Key Investor Information Document ("KIID") or Supplementary Information Document ("SID") accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter, which can be found on our website (www.franklintempleton.co.uk) or from the address below. US Persons (as more fully defined in the latest Fund prospectus) are not eligible to invest in the Fund. Shares of the Fund are available for sale and distribution in the UK.
An investment in the Fund entails risks which are described in the Fund's prospectus and the relevant KIID. The value of shares in the Fund and any income received from them can go down as well as up, and investors may not get back the full amount invested. Past performance is not an indicator, not a guarantee, of future performance.Where a fund invests in a specific sector or geographical area, the returns may be more volatile than a more diversified fund.
Opinions expressed are the author's at the publication date and they are subject to change without prior notice. Given the rapidly changing market environment, Franklin Templeton disclaim responsibility for updating this material. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund's holding at any one time. Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes and is provided to you only incidentally. Franklin Templeton shall not be liable to any user of this document or to any other person or entity for the inaccuracy of information or any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.
© 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
FTF ClearBridge UK Smaller Companies Fund is `Rated' by Rayner Spencer Mills Research Limited.
FTF ClearBridge UK Smaller Companies Fund has a 'Positive Watch' rating from The Adviser Centre.
