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.
Please note on 13th December 2024 this fund will be transferred to Oberon Investments Group. For further information please follow the link to investor notice. TM CRUX Funds ICVC - Investor Notice - 20241101
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.
Fund Literature
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.
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:
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.
Fund Registrations:
| Fund | Domiciled | UK | Switzerland |
|---|---|---|---|
| TM CRUX UK Core Fund | UK | Yes | |
| TM CRUX UK Special Situations Fund | UK | Yes | |
| TM CRUX UK Smaller Companies Fund | UK | Yes | |
| TM CRUX European Special Situations Fund | UK | Yes | Yes |