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TM CRUX UK Core Fund

Fund Opportunity 

The TM CRUX UK Core Fund seeks to preserve and enhance the real value of capital. It does so by investing in businesses that we believe will become more valuable over time. These are businesses with decent economics, sustainable business models and, most importantly competent honest management teams. Ultimately we aim to be a consistent, reliable fund for investors seeking exposure to the UK stock market.

landover

Investment Process

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

  1. Do we understand the business?
  2. Is the business comfortably economic over the cycle?
  3. 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 characteristics 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 Facts

Fund Name Strategy Fund Manager Style Pricing Eligible Performance Comparator IA Sector ISA Eligible Structure
TM CRUX UK Core Fund UK Equity Large-Cap bias Fund Richard Penny Active Daily UK and Overseas equities IA UK All Companies Sector IA UK All Companies 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
A-Class Income GBP GB0030613276 0.83% None None None £100.00
A-Class Accumulation GBP GB00B56N2X45 0.83% None None None £100.00
B-Class Income GBP GB00B5839S67 0.73% None None None £100.00
B-Class Accumulation GBP GB00B05MF837 0.73% None None None £100.00

*The ongoing charge is based on last year's expenses for the year ending 31 March 2021. This figure may vary year to year.

Meet the Manager

Richard Penny

Richard joined CRUX Asset Management in June 2018 and started managing the TM CRUX UK Special Situations Fund in October 2018, he then became fund manager of the TM CRUX UK Core Fund in November 2021.Prior to this, Richard had worked at LGIM for 15 years where he had managed the award-winning L&G UK Alpha Trust and L&G UK Special Situations Trust as well as several segregated mandates. Previously he worked at M&G Investment Management, and prior to that Scottish Amicable Investment Management. In June 2021 Richard received an AAA rating from Citywire. 
Richard has a master’s degree in Engineering and Economics from Oxford University.

RP2 photo

Fund Objectives and Investment Policy

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.

There is no guarantee that the Fund will achieve a positive return over this, or any other, period and investors may not get back the original amount they invested.

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.

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.

Fund Prices

GBX

ISIN Class Unit Prev Price Curr Price Yield Change Date
GB0030613276
A
Inc
494.73
489.8
1.9
-1
2021-11-30
GB00B05MF837
B
Inc
196.6
194.64
2
-1
2021-11-30
GB00B56N2X45
A
Acc
571.98
566.28
1.8
-1
2021-11-30
GB00B5839S67
B
Acc
259.21
256.63
1.9
-1
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.

 

How to Invest

You can invest in the TM CRUX UK Core 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 UK Core 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 UK Core 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 UK Core 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