The UK Focus Fund has a deliberately modest capacity limit, meaning we can get our ideas into portfolios quickly – something we believe is a significant competitive advantage.

The UK Focus Fund is a concentrated, high-conviction fund that is not constrained by any active risk ranges relative to its benchmark, the FTSE All-Share Index.

The Fund is constructed using four sub-portfolios, run by Chris Field, Imran Sattar, Mark Wharrier and Mike Totton. Each invests primarily in FTSE 350 stocks.

The Fund is a focused, bottom-up stock picking strategy that has a flexible investment process, thereby avoiding inbuilt style biases. This flexible approach is the natural by-product of the multi-manager structure.

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.

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

The UK Focus 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 06 LF Majedie UK Focus Fund Newsletter
Factsheet 2020 06 LF Majedie UK Focus Fund Factsheet
KIID B Acc GBP LF Majedie UK Focus Fund Class B Acc KIID
KIID B Inc GBP LF Majedie UK Focus Fund Class B Inc KIID
KIID X Acc GBP LF Majedie UK Focus Fund Class X Acc KIID
KIID X Inc GBP LF Majedie UK Focus Fund Class X Inc KIID
Prospectus & Supplement LF MAMIFCo Prospectus
Report & Financial Statements LF MAMIFCo Interim Report & Financial Statements to June 2019
Report & Financial Statements MAMIFCo Annual Report & Financial Statements to 31 December 2019
Application Form LF Majedie Application Form

LF Majedie UK Focus 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 10.6 -2.1 17.5 34.7 7.8 0.5 19.6 6.7 -5.9 18.8 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 8.3
Relative -3.9 +1.4 +5.2 +13.9 +6.6 -0.4 +2.8 -6.4 +3.5 -0.4 +3.1

^29 September 2003

Source: Majedie, GBP, net of fees.

Other share classes are available. Past performance of the X share class prior to its launch on 13 September 2012 refers to the A share class. 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 GB0033547372 9.365 up 10 Aug 2020 Noon
B GBP Inc GB00BHL37168 8.9576 up 10 Aug 2020 Noon
X GBP Inc GB00B8450512 1.7021 up 10 Aug 2020 Noon
X GBP Acc GB00B7S3QT06 1.9693 up 10 Aug 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 GB0033547372 0.00 0.00 0.00 0.00 / 0.00 0.27 Single Swing 0.10 / 0.55
B GBP Inc GB00BHL37168 0.00 0.00 0.00 0.00 / 0.00 0.27 Single Swing 0.10 / 0.55
X GBP Inc GB00B8450512 0.85 0.85 0.00 0.00 / 0.00 0.27 Single Swing 0.10 / 0.55
X GBP Acc GB00B7S3QT06 0.85 0.85 0.00 0.00 / 0.00 0.27 Single Swing 0.10 / 0.55

Charges shown are predicted (calculated at the valuation point on 31 July 2020 and estimated as of 10 August 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 £250,000 (or currency equivalent) 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.

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.

Fund: For further information, please refer to the Prospectus and/or KIIDs
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.