TM CRUX UK Core A

  • 441.58p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 501.14p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.71%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.10%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 27 November 2020

Fund summary

Sector UK All Companies
Structure OEIC
Launched April, 1993
Size £67m
Yield 1.10%
Charging basis
Dividends paid 28 Feb, 31 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.71%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 -0.14%
  • 18/19 0.41%
  • 19/20 -0.13%

Bestinvest MRI

  • 3 years 0.05%
  • 5 years 0.00%
  • Career 0.05%
  • 3 years 73.90%
  • 5 years 0.00%
  • Career 76.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jamie Ward

Ward began his career as a Fund Manager at Brown Shipley, moving on to be an equity analyst at Investec and Williams de Broë with responsibility for several sectors. After this, he was an equity analyst at boutique hedge fund manager Wolos Capital. He joined Oriel Asset Management in 2014 to run what is now the CRUX UK Fund; moving to CRUX Asset Management at the start of 2017. Ward graduated with a first-class degree in mathematics from the University of Hull and is a CFA charter holder.

Track record

Jamie Ward has 3.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.05%. During the worst period of relative performance (from March 2020 - October 2020) there was a decline of 5% relative to the index. The worst absolute loss has been 24%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 76%.

Periods of worst performance

Absolute -24.00% (December 2019 - October 2020)
Relative -5.00% (March 2020 - October 2020)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2020

5.217% Glaxosmithkline
5.017% Barclays Plc
4.8107% Standard Chartered
4.6134% British American Tobacco
4.5357% Serco Group Plc
4.5311% Sage Group Plc
4.3618% Diageo
4.0979% Bp
3.9864% Associated British Foods Plc
3.8776% Pz Cussons Plc
Source: Trustnet

Sector breakdown

Banks 16.00%
Food, Beverages and Tobacco 13.00%
Services 13.00%
Money Market 8.00%
Media 6.00%
Biotechnology/Medical 5.00%
Financials 5.00%
Software 5.00%
Retail 4.00%
Energy 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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