UK Equity - Majedie

UK Equity

The Fund’s multi-manager portfolio structure creates a powerful combination of individual accountability, proven teamwork and natural portfolio risk diversification.

The UK Equity Fund is constructed using four sub-portfolios, run by James de Uphaugh, Chris Field, Imran Sattar and John King, the latter comprising a dedicated allocation to smaller companies. The other three fund managers each invest primarily in FTSE 350 stocks.

Since the inception of our UK strategies we have consistently applied our flexible investment process, avoiding inbuilt style biases; it has been tested against a wide variety of market and economic backdrops.

We focus on shares which our analysis suggests offer the best risk/reward profiles, whilst ensuring that our portfolios are well balanced, and risk is carefully targeted.

We have no in-built style biases. Instead we seek opportunities across the market, giving us the flexibility to add value regardless of economic and market conditions. This flexible approach is the natural by-product of the multi-manager structure.

Majedie fund managers are first and foremost stock pickers but we spend time thinking carefully about macro tailwinds and headwinds and this macro-economic research is interwoven with our micro analysis.

The UK Equity Fund benefits from an inbuilt flexibility which allows up to 20% of the Fund to be invested in overseas equities. This unlocks a wider array of investment opportunities.


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UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Document type Share Class Acc/Inc Currency File
Newsletter 2020 08 LF Majedie UK Equity Fund Newsletter
Factsheet 2020 07 LF Majedie UK Equity Fund Factsheet
KIID B Acc GBP LF Majedie UK Equity Fund Class B Acc KIID
KIID B Inc GBP LF Majedie UK Equity Fund Class B Inc KIID
KIID X Acc GBP LF Majedie UK Equity Fund Class X Acc KIID
KIID X Inc GBP LF Majedie UK Equity Fund Class X Inc KIID
Investor Notification LF MAMIFCo – Investor Circular
Prospectus (please read in conjunction with the notification above) LF MAMIFCo Prospectus
Report & Financial Statements LF MAMIFCo Interim Report & Financial Statements to June 2020
Report & Financial Statements LF MAMIFCo Annual Report & Financial Statements to 31 December 2019
Application Form LF Majedie Application Form

Irish Domiciled Fund – Majedie Asset Management (International) Investment Fund Company PLC

Document type Share Class Acc/Inc Currency File
Factsheet 2020 07 UK Equity Fund Factsheet (Ireland)
KIID A Acc GBP UK Equity Fund A Acc KIID (Ireland)
KIID Z Acc GBP UK Equity Fund Z Acc KIID (Ireland)
KIID Z Inc GBP UK Equity Fund Z Inc KIID (Ireland)
KIID Z Acc EUR UK Equity Fund Z EUR KIID (Ireland)
Prospectus & Supplement MAMIIFCo Prospectus
Prospectus & Supplement MAMIIFCo Prospectus – UK Equity Fund Supplement
Prospectus & Supplement MAMIIFCo Prospectus – Singapore Explanatory Memorandum
Prospectus & Supplement MAMIIFCo Prospectus – Supplement for UK Investors
Report & Financial Statements Interim Report & Financial Statements to June 2020 (Ireland)
Report & Financial Statements Annual Report & Financial Statements to 31 December 2019 (Ireland)
Tax Reporting Documentation MAMIIFCo Information for UK Tax Reporting December 2019
Tax Reporting Documentation MAMIIFCo Information for UK Tax Reporting December 2018
Application Form UK Equity Fund Application Form (Ireland)

LF Majedie UK Equity Fund Class X Acc (net of fees)

FTSE All-Share Index

Discrete years (%)
12 months ending
Dec 10Dec 11Dec 12Dec 13Dec 14Dec 15Dec 16Dec 17Dec 18Dec 19Since Inception^ (P.A.)
(to 31 December 2019)
X Accumulation 11.9 0.6 16.2 29.4 2.8 -1.0 22.6 6.0 -9.8 14.1 11.4
FTSE All-Share Index 14.5 -3.5 12.3 20.8 1.2 1.0 16.8 13.1 -9.5 19.2 9.0
Relative -2.6 +4.1 +3.9 +8.5 +1.6 -2.0 +5.9 -7.1 -0.4 -5.1 +2.4

^27 March 2003

Source: Majedie, GBP, net of fees.

Other share classes are available. The X share class was launched on 13 September 2012. Past performance prior to that date refers to the A share class and is simulated for the period 27 March 2003 to 7 July 2003.
Past performance is not necessarily a guide to future performance. The return on investments may increase or decrease as a result of currency fluctuations.

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Share Class Currency Acc/Inc ISIN Price Price swing Pricing date Valuation point
B GBP Acc GB0032730698 5.938 down 18 Sep 2020 Noon
B GBP Inc GB00BBT3J657 4.706 down 18 Sep 2020 Noon
X GBP Acc GB00B88NK732 1.5642 down 18 Sep 2020 Noon
X GBP Inc GB00B8BH0R25 1.2685 down 18 Sep 2020 Noon

Irish Domiciled Fund – Majedie Asset Management (International) Investment Fund Company PLC

Share Class Currency Acc/Inc ISIN Price Price swing Pricing date Valuation point
A GBP Acc IE00BW0DL879 0.9964 down 18 Sep 2020 Noon
Z GBP Inc IE00BH65MZ64 0.9256 down 18 Sep 2020 Noon
Z GBP Acc IE00BH65MY57 1.0944 down 18 Sep 2020 Noon
Z EUR Acc IE00BD7YFT97 0.9434 down 18 Sep 2020 Noon

The prices shown are historic (calculated at the valuation point on the date shown) and are indicative only. Transactions will be effected at the price next calculated after receipt of a valid dealing instruction.

Share Class: For further information, please refer to the Prospectus and/or KIIDs
Acc / Inc: With accumulation shares, income from the Fund’s investments will be included in the value of your shares rather than being paid out via a dividend. With income shares, income from the Fund’s investments will be paid out via a dividend.

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Share Class Currency Acc/Inc ISIN OCF (%) AMC (%) ACC (%) One-off entry/exit cost (%) Transaction costs (%) Performance fees (%) Pricing basis Dilution Rates (%)
B GBP Acc GB0032730698 0.00 0.00 0.00 0.00 / 0.00 0.11 Single Swing 0.15 / 0.55
B GBP Inc GB00BBT3J657 0.00 0.00 0.00 0.00 / 0.00 0.11 Single Swing 0.15 / 0.55
X GBP Acc GB00B88NK732 0.65 0.65 0.00 0.00 / 0.00 0.11 Single Swing 0.15 / 0.55
X GBP Inc GB00B8BH0R25 0.65 0.65 0.00 0.00 / 0.00 0.11 Single Swing 0.15 / 0.55

Irish Domiciled Fund – Majedie Asset Management (International) Investment Fund Company PLC

Share Class Currency Acc/Inc ISIN OCF (%) AMC (%) ACC (%) One-off entry/exit cost (%) Transaction costs (%) Performance fees (%) Pricing basis Dilution Rates (%)
A GBP Acc IE00BW0DL879 0.02 0.02 0.00 0.00 / 0.00 0.00 Single Swing 0.15 / 0.55
Z GBP Inc IE00BH65MZ64 0.78 0.65 0.13 0.00 / 0.00 0.09 Single Swing 0.15 / 0.55
Z GBP Acc IE00BH65MY57 0.78 0.65 0.13 0.00 / 0.00 0.09 Single Swing 0.15 / 0.55
Z EUR Acc IE00BD7YFT97 0.78 0.65 0.13 0.00 / 0.00 0.09 Single Swing 0.15 / 0.55

Charges shown are predicted (calculated at the valuation point on 31 August 2020 and estimated as of 04 September 2020), are for indicative purposes only and subject to change. Please note that B share classes are only available by separate agreement with Majedie Asset Management Limited, bespoke arrangements typically include performance fee structures.

Share Class: For further information, please refer to the Prospectus and/or KIIDs
Acc / Inc: With accumulation shares, income from the Fund’s investments will be included in the value of your shares rather than being paid out via a dividend. With income shares, income from the Fund’s investments will be paid out via a dividend.
OCF (%): Ongoing Charges Figure. This is the annual cost that is incurred through the regular operation of the Fund. The figure is normally based the actual costs of the previous year, but for new funds or a new share class of existing funds, the figure provided may be an estimate based on expected costs. These charges are deducted from the daily quoted price of the Fund. The two components of the OCF, Annual Management Charge (AMC) and Admin Cost Charges (ACC) are described separately. The OCF does not include Entry Charges, Exit Charges or Transaction Costs (such as taxes and execution) which are quoted separately in this table. Research Costs are paid for by Majedie.
AMC (%): Annual Management Charge. This is the annual charge received by Majedie Asset Management Limited.
ACC (%): Admin Cost Charge. This is the annual charge for all other administrative costs incurred in the regular operation of the Fund, including for example daily fund accounting, safe custody of assets, transfer agency services, trustee & depositary oversight, regulatory fees, external audit and where applicable, hedged share class administration fees. Where Majedie Asset Management has elected to pay certain costs, the ACC quotes only those costs that will be paid by the Fund. The ACC is the difference between the OCF and the AMC.
Entry / Exit Charge: No entry or exit fees are charged for any fund.
Transaction costs (%): This figure includes explicit costs (taxes such as stamp duty‚ exchange fees‚ and commission paid to brokers for execution)‚ an estimate of implicit costs or “slippage” (using intraday arrival prices)‚ and – where relevant – an offset from any anti-dilution mechanisms applied. These ex-ante costs are projected using the actual costs incurred over the most recent 3 year period‚ annualised (but excluding commissions paid for research pre-2018 which are now absorbed by Majedie).
Performance fee (%): The Fund does not charge a performance fee.
Pricing Basis: The Fund operates on a single swinging pricing basis. Prices are swung up / down whenever there are net inflows / outflows of £1,000,000 (or currency equivalent) for the UK-domiciled Fund or £250,000 (or currency equivalent) for the Ireland-domiciled Fund, or higher on any dealing day. Please see the prospectus for further information.
Dilution Rates (%): These are the current bid/offer rates applied to prices when swung down/up. Dilution compensates the Fund for transaction taxes, trade execution costs and market spread incurred by the Fund in actioning trades resulting from investor subscriptions or redemptions. Dilution rates are reviewed regularly and therefore subject to change.

Documents

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Document type Share Class Acc/Inc Currency File
KIID A Acc GBP LF Majedie UK Smaller Companies Class A KIID
KIID B Acc GBP LF Majedie UK Smaller Companies Class B KIID
Investor Notification LF MAMIFCo – Investor Circular
Prospectus (please read in conjunction with the notification above) LF MAMIFCo Prospectus
Report & Financial Statements LF MAMIFCo Interim Report & Financial Statements to June 2020
Report & Financial Statements LF MAMIFCo Annual Report & Financial Statements to 31 December 2019
Application Form LF Majedie Application Form

Prices

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Share Class Currency Acc/Inc ISIN Price Price swing Pricing date Valuation point
A GBP Acc GB0033975722 2.7136 down 18 Sep 2020 Noon
B GBP Acc GB0033975839 3.1144 down 18 Sep 2020 Noon

Charges

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Share Class Currency Acc/Inc ISIN OCF (%) AMC (%) ACC (%) One-off entry/exit cost (%) Transaction costs (%) Performance fees (%) Pricing basis Dillution Rates (%)
A GBP Acc GB0033975722 0.85 0.85 0.00 0.00 / 0.00 -0.19 Single Swing 1.00 / 1.40
B GBP Acc GB0033975839 0.00 0.00 0.00 0.00 / 0.00 -0.19 Single Swing 1.00 / 1.40

This Fund is not available for investment.

Documents

UK Domiciled Fund - LF Majedie Institutional Trust

Document type Share Class Acc/Inc Currency File
KIID B Acc GBP LF Majedie Institutional Trust B KIID
Prospectus & Supplement LF Majedie Institutional Trust Prospectus
Report & Financial Statements Interim Report & Financial Statements to June 2020 (LF MIT)
Report & Financial Statements Annual Report & Financial Statements to 31 December 2019 (MIT)
Report & Financial Statements Interim Report & Financial Statements to June 2019 (LF MIT)

Prices

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Share Class Currency Acc/Inc ISIN Price Price swing Pricing date Valuation point
B GBP acc GB00BD6L0G30 11.6709 none 18 Sep 2020 Noon

Charges

UK Domiciled Fund – LF Majedie Asset Management Investment Fund Company

Share Class Currency Acc/Inc ISIN OCF (%) AMC (%) ACC (%) One-off entry/exit cost (%) Transaction costs (%) Performance fees (%) Pricing basis Dillution Rates (%)
B GBP acc GB00BD6L0G30 0.00 0.00 0.00 0.00 / 0.00 0.00 Single Swing 0.15 / 0.55

This Fund is not available for investment.

This information is not intended to be an offer or solicitation of an offer to buy or sell securities. All rights in the referenced index are vested in the index owner and/or its licensors, who do not accept any liability for any errors or omissions in the index or any underlying data.

Notes
For further information, please refer to the Prospectus and/or KIIDs.
More details on costs and charges can be found in the European MiFID Template (EMT) – Excel or the European MiFID Template (EMT) – Pipe Delimited files.