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TM CRUX UK Smaller Companies Fund

Fund Opportunity 

The investment objective of the TM CRUX UK Smaller Companies Fund is to achieve long-term growth, over a rolling 5-year period, net of all fees and expenses, through both capital appreciation and income generation. 

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The TM CRUX UK Smaller Companies Fund is a bottom-up fund that invests within the small cap, including AIM section of the market. The Funds investment philosophy is based around the following principles:

  • Trilogy of Growth
  • Fundamentally (value) driven investment
  • Fund manager co-invested on the same terms as the investors
  • Targeting distressed long-term growth sectors.

We believe over time these principles will provide sources of alpha, contributing to returns allowing the opportunity to find companies that fit the TM CRUX UK Smaller Companies Fund process.

Fund Facts

Fund Name Strategy Fund Manager Style Pricing Eligible Performance Comparator IA Sector ISA Eligible Structure
TM CRUX UK Smaller Companies Fund UK Equity Smaller Companies Fund Richard Penny Active Daily UK and overseas equities IA UK Smaller Companies Sector IA UK Smaller Companies Sector Yes UCITS, UK, TM CRUX ICVC Fund

 

Share Class Share Type Share Class Currency ISIN Ongoing Charges* (OCF) Entry Charge Exit Charge Performance Fee Minimum Investment Amount
B-Class Income GBP GB00BQV37K85 0.99% None None None £100.00
B-Class Accumulation GBP GB00BQV37J70 0.99% None None None £100.00

* 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. 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 October 2022 Richard received an AA rating from Citywire. Richard has a master’s degree in Engineering and Economics from Oxford University.

Richard Penny

Fund Objectives and Investment Policy

The investment objective of the Fund is to achieve long-term capital growth, which should be viewed as 5 years or longer.

The Fund aims to achieve the investment objective by investing at least 75% in shares of smaller companies that are domiciled, incorporated in the UK or have significant exposure to the UK.    


Within this 75% the Investment Manager selects from the lowest 10% of the listed UK stock market 
(by market capitalisation, monitored quarterly). 


The Fund targets companies with improving growth in revenues or profits where the companies are considered undervalued. This may include companies that are going through specific transactional activities such as financing acquisitions or providing rescue financing for companies. Investment opportunities are also sought from changes of management and business strategy. 
The Fund may also invest up to 25% in companies with a market capitalisation above the bottom 10% of listed company shares in the UK or other geographical regions such as Europe and the USA, other collective investment vehicles (which may include those that are managed or operated by the ACD or the Investment Manager), warrants, cash and cash-equivalent investments. 

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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 Smaller Companies Fund, a sub Fund of the TM CRUX 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 Smaller Companies 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 

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.

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Fund Registrations:

 

Fund Domiciled UK Switzerland France Spain Luxembourg Germany
TM CRUX UK Core Fund  UK Yes          
TM CRUX UK Smaller Companies 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 Yes
CRUX Asia ex-Japan Fund Luxembourg Yes Yes Yes Yes Yes Yes
CRUX China Fund Luxembourg Yes Yes Yes Yes Yes Yes