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  1. About
  2. Funds
  3. Invest
  4. Literature
  5. News
  6. Contact

TM CRUX UK Core Fund


TM CRUX UK Core Fund is managed by Jamie Ward. Jamie has been sole manager on the Fund since March 2018.

In seeking to achieve the Fund's objective, the portfolio will consist predominantly (75% or greater) of companies listed on a UK equities exchange which are incorporated or domiciled in the UK.

The investments will be ordinary shares and other transferable securities including, but not limited to, preference shares and debt securities convertible into ordinary stocks and shares. The Fund may also invest in cash, money market instruments, deposits, warrants, units in other collective investment schemes and derivatives.

Fund Name TM CRUX UK Core Fund
Restructured Previously CFIC CRUX UK Fund (changed 30.06.2017)
Fund Manager(s) Jamie Ward
Manager Tenure December 2015
PERFORMANCE COMPARATOR IA UK All Companies
Status UCITS (UK)
Pricing Frequency Daily, noon
Strategy Long only equities

The Fund will typically consist of between 20 and 40 holdings and may also invest in companies which are not listed, incorporated or domiciled in the UK if the investment manager believes that they should be beneficial for the Fund.

The Fund will have a relatively highly concentrated portfolio and is therefore subject to a risk of greater volatility.

Derivative transactions may be used for the purposes of meeting the investment objective of the Fund as well as for hedging purposes, although it is not anticipated that the Fund will use this power to enter into derivatives at present.

The TM CRUX UK Core Fund employs a rigorous screening process that asks three key questions:

Do we understand the business?

Is the business comfortably economic over the cycle?

Do we trust the management?

Companies that pass all three stages of the screen are then put through the same valuation process that looks at their characteristic and cash generation through the business cycle which tends to lead to the selection of stocks with characteristics that include: low capital intensity, consumer brands, strong balance sheets, barriers to entry and durability. This rigorous valuation enables a long-term, low-turnover approach that looks beyond short-term volatility to deliver long-term dividend and capital growth.

Fund Prices

Fund Managers

Jamie Ward
Jamie has been managing the TM CRUX UK Core Fund since December 2015

Fund Objective

The investment objective of the Fund is to achieve long-term growth, which should be seen as five years plus, through both capital appreciation and income generation.

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