Turner US Midcap Core Equity Fund - Class I Euro

The Turner US Midcap Core Equity Fund invests principally in a portfolio of equity and equity-related securities issued by companies having their head office or exercising a predominant part of their activity in the United States.  The Fund is comprised of an actively managed diversified portfolio of approximately 60-80 stocks with capitalisations generally between US$1 and US$8 billion (USD, at purchase) that Turner Investment Partners, Inc. believe have strong business momentum and reasonable prices.

Turner US Midcap Core Equity Fund Fact Sheet



Profile | Top Holdings | Performance | Prospectus

Profile

Investment Objective
To maximise total return, primarily through capital appreciation, and outperform the Russell Midcap Index over a full market cycle (i.e. a 3 to 5 year rolling cycle).

Investment Process

The Turner US Midcap Core Equity Fund investment process is systematic and begins with the screening of a universe of midcap stocks for various fundamental factors that we think drive stock prices.

  • We identify stocks of companies that display strong business momentum and that sell at reasonable prices.

  • We employ fundamental analysis to determine the depth of a stock's attractiveness, looking deeply into a company's business.

  • In selecting value stocks, we seek to identify hidden assets that signify attractive return potential, such as large net cash positions, and a catalyst for positive change.

Inception Date
7.31.08

Composition


  Asset Type Proportion
  Equities 96.30%
  Cash Equivalents 3.70%

Top Holdings

as of September 30, 2008
 Percentage of Portfolio Assets†
SYBASE INC2.64 %
ALLIANCE DATA SYSTEMS2.43 %
CHURCH & DWIGHT INC2.38 %
ALEXANDRIA REAL EST2.15 %
ARCH CAPITAL GROUP LTD2.10 %
H & R BLOCK INC1.96 %
MCAFEE INC1.95 %
ALBERTO CULVER1.82 %
BRINK'S CO/THE1.75 %
HANOVER INSURANCE GROUP1.74 %

† Based on Market Value

Complete Holdings


These holdings are not recommendations and we may no longer hold these securities.

Performance:


As of 11/20/08
Net Asset Value: $ 0.00
Total Net Assets: $ 0


Growth of a $10,000 Investment
Account value if you reinvested income and capital gains : $ 10000.00
Account Value if you took income and capital gains in cash : $ 10000.00
Assumes initial investment of $10,000 occurred on the fund's inception date.



As of 09/30/08 Expense Ratio Information
Description 1 Year Annualized
3 Years		 Annualized
5 Years		 Annualized
Since
Inception
No Load N/A N/A N/A N/A


Risk Disclosure
 Turner US Midcap Core Equity Fund (the "Fund"), is a sub-fund of Turner Funds plc (the "Company") which is an umbrella type open-ended self managed investment company with variable capital incorporated on 22 April 2008 with limited liability under the laws of Ireland with registered number 456419 and segregated liability between sub-funds. The Company is authorised in Ireland by the Financial Regulator pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2003 (S.I. No. 211 of 2003), as amended. Accordingly, the Company is supervised by the Irish Financial Services Regulatory Authority.

Nothing presented should be construed as a recommendation or advice to any prospective investor in relation to the subscription, purchase, holding or disposition of shares in any fund. An investment in the Fund involves risk and your attention is drawn to the section headed ³Risk Warnings² of the Prospectus. There can be no guarantee that the Fund¹s investment objectives will be achieved or that shares, when redeemed, will be worth more than when they were purchased. An investment should only be made by those persons who could sustain a loss on their investment.

Past performance is not a guide to future returns and investors may not get back the full amount invested. This document is intended for informational purposes only and does not constitute investment advice or solicitation.

Where Turner International Ltd. or Turner Investment Partners, Inc. has expressed views and opinions, these are our present opinions only and are subject to change.

The Fund is offered solely to non-US investors under the terms and conditions set forth in the Fund¹s prospectus. A free prospectus, which contains important information about the Fund, can be obtained from

www.turnerfundsplc.com