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TM CRUX European Fund

Fund Opportunity 

Europe continues to be home to attractive investment propositions with the potential to deliver good long-term returns. The TM CRUX European Fund identifies high quality businesses, which hold their own within global markets, are cash generative and have the ability to dominate their niche, run by management with a good track record for success.

The TM CRUX European Fund complements the TM CRUX European Special Situations Fund, meeting demand for a vehicle which adopts the same tried and tested strategy whilst offering greater exposure to European large cap stocks.

Euro car

Investment Process

The TM CRUX European Fund employs a rigorous investment approach, focusing on four key criteria for stock selection:

  1. Companies that are not highly capital intensive but generate good cash flow that is either invested in the business, put to work in corporate actions such as M&A or returned to shareholders as dividends;
  2. Companies with high barriers to entry and strong pricing power, enabling them to produce robust earnings with good growth potential;
  3. Businesses whose management have proven track records as well as meaningful stakes in the companies they run;
  4. Companies that have relatively conservative valuations versus their peer group.

    Fund Facts

    Fund Name Strategy Fund Manager Style Pricing Eligible Performance Comparator IA Sector ISA Eligible Structure
    TM CRUX European Fund European Equity Large-Cap  bias fund James Milne & Richard Pease Active Daily European and overseas equities IA European-Ex UK Sector IA European-Ex UK Sector Yes UK Domiciled OEIC and UK -UCITS

     

    Share Class Share Type Share Class Currency ISIN Ongoing Charges* (OCF) Entry Charge Exit Charge Performance Fee Minimum Investment Amount
    I-Class Income GBP GB00BYQJX104 0.94% None None None £100.00
    I-Class Accumulation GBP GB00BYQJX435 0.94% None None None £100.00
    I-Class Income EUR GB00BYQJXH64 0.94% None None None £100.00
    I-Class Accumulation EUR GB00BYQJXG57 0.94% None None None £100.00
    S-Class Income GBP GB00BYQJXM18 0.79% None None None £15,000,000.00
    S-Class Accumulation GBP GB00BYQJXV09 0.79% None None None £15,000,000.00
    Z-Class Income GBP GB00BF5LQ488 0.59% 5.00% None None £50,000,000.00
    Z-Class Income EUR GB00BG5Q6065 0.59% 5.00% None None €50,000,000.00

    Meet the Managers

    James Milne

    James has been co-manager of the TM CRUX European Fund since November 2015. James also co-manages the TM CRUX European Special Situations Fund. James graduated from Magdalen College, Oxford with a double first class degree in Engineering Science. James began his career in 2002 at KPMG in London where he qualified as a chartered accountant before moving into corporate finance. In July 2006 James joined New Star Asset Management and in April 2009 he transferred to Henderson Global Investors when it bought New Star.

     

     

     

     

     

     

     

     

    James Milne

    Richard Pease

    Richard has over three decades of experience in the financial industry. He has co-managed the TM CRUX European Fund since its launch in November 2015. His first role in fund management was with the Central Board of Finance for the Church of England where he ran two funds. There followed a short period at Windsor Investment Management, where he set up and ran the European Unit Trust and in 1989 Richard joined Jupiter Asset Management where he started and ran the Jupiter European Unit Trust and several other European funds. In 2001 he helped to set up New Star Asset Management where he launched and managed the New Star European OEIC and its sister fund, the New Star Dublin-based OEIC. On the acquisition by Henderson Global Investors of New Star in April 2009, Richard became a Director of European Equities and continued to run the New Star European funds.

    Richard Pease

    Fund Objectives and Investment Policy

    The investment objective of the Fund is to achieve long-term capital growth by investing primarily in equities of European companies.

    The Fund will achieve the investment objective by primarily investing in European (excluding UK) domiciled companies listed on regulated European stock exchanges. 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 and deposits.

    Investors should note that while the investment objective of the Fund is to achieve long term capital growth there may be situations in which an income return is also achieved.

    Fund Price

    GBX

    ISIN Class Unit Prev Price Curr Price Yield Change Date
    GB00BF5LQ488
    Z
    Inc
    126.84
    126.61
    1
    -0.18
    2021-11-30
    GB00BYQJX104
    I
    Inc
    161.74
    161.44
    1
    -0.19
    2021-11-30
    GB00BYQJX435
    I
    Acc
    181.77
    181.43
    0.5
    -0.19
    2021-11-30
    GB00BYQJXM18
    S
    Inc
    163.18
    162.87
    1
    -0.19
    2021-11-30
    GB00BYQJXV09
    S
    Acc
    183.45
    183.11
    0.6
    -0.19
    2021-11-30

    Euro (Cents)

    ISIN Class Unit Prev Price Curr Price Yield Change Date
    GB00BG5Q6065
    Z
    Inc
    130.72
    129.83
    1.2
    -0.68
    2021-11-30
    GB00BYQJXG57
    I
    Acc
    154.3
    153.26
    0.6
    -0.67
    2021-11-30
    GB00BYQJXH64
    I
    Inc
    118.89
    118.09
    1.2
    -0.67
    2021-11-30
    London Skyline

    Contact Us

    For individual investor enquiries please contact the Fund's Administrator.

    in writing to:
    CRUX Asset Management Limited
    PO Box 12248
    Chelmsford
    Essex
    CM99 2EG
    United Kingdom

    or by phone:
    + 44 (0) 345 113 6965

    Office hours are between 9am and 5pm (GMT) Monday to Friday.

     

     

    Hitting targets, that’s CRUX

    How to Invest

    You can invest in the TM CRUX European Fund, a sub Fund of the TM CRUX Funds ICVC, via several methods, which include:

    Online in a few easy steps via My Account.  

    This is a quick and easy method of investing without incurring any platform fees

    Fund platform

    The TM CRUX European Fund is available to purchase through a wide range of platforms and supermarkets. Please see the list of platforms and supermarkets below.

    Financial Advisor

    Your financial adviser can give you advice on making an investment. They will help plan your investments based on your overall financial goals. If you do not have a financial adviser, please visit unbiased.co.uk 

     

    The TM CRUX European Fund has multiple share classes available, some with different minimum investment amount or charging structures. Please refer to the Fund Fact section of this page or the literature section of our website for more information.

     

    Important information

    The material within this website (including research) is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell an investment.

    The TM CRUX European Fund is available via the following providers:

    AJ Bell You Invest

     

    Aviva

     

    FNZ

     

    Novia

     

    Transact

     

    Aegon

     

    AXA Wealth

     

    Funds Network

     

    Nucleus

     

    Zurich

     

    All Fund

     

    Charles Stanley Direct

     

    Hargraves

     

    Old Mutual

     

    Asentric

     

    Cofunds

     

    James Hay

     

    Standard Life

     

    Fund Registrations:

     

    Fund Domiciled UK Switzerland France Spain Luxembourg
    TM CRUX UK Core Fund  UK Yes        
    TM CRUX UK Special Situations Fund  UK Yes        
    TM CRUX European Special Situations Fund  UK Yes Yes      
    TM CRUX European  Fund  UK Yes Yes      
    CRUX (Lux) European Special Situations Fund  Luxembourg Yes Yes Yes Yes Yes
    CRUX (Lux) Pan-European Growth Fund  Luxembourg Yes Yes     Yes