Quick Stats

Bid Price GBX 172.60 Offer Price GBX 181.60
Mid Price - Day Change GBX -0.30 (-0.17%)
Price Date 23 Oct 2017 Crown Rating 1
Shares Class Inc. Yield 1.30 %
Total Expense Ratio 2.24 Fund Size 129,617,777.06
Launch Date 08/01/2007 Standard Initial Charge (%) 5.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 2.00 Sector IMA UK Equity Income
Min Investment (£) 1,500.00 Total Expense Ratio (%) 2.24
ISIN GB00B1KHLS25 Min TopUp (£) 1,000.00

Fund Objective

The fund aims to provide capital appreciation through investment in a concentrated portfolio of quoted UK securities. The fund's assets will be invested primarily in UK equities but may also be invested in cash-based investments.

Fund Managers

Adam Parker
Adam Parker is a Director of Majedie Asset Management. He is a fund manager and analyst with 26 years' investment experience in UK and international equity markets. Adam is responsible for managing the smaller companies element of the UK Equity Fund. Before co-founding Majedie in 2002, Adam had been a Director at Merrill Lynch Investment Managers (MLIM, now BlackRock), where he was also a member of the UK Asset Allocation Group. While at MLIM, he was responsible for managing the Alpha team's pooled smaller companies fund and local index institutional portfolios with combined UK equity assets of £1.1bn. Adam joined Mercury Asset Management (subsequently acquired by Merrill Lynch) in 1987. He holds a Master of Science degree in Chemistry from St Catherine's College, Oxford. He is a Regular Member of The UK Society of Investment Professionals and of the CFA Institute.
Chris Field
Chris Field is an Executive Director of Majedie Asset Management. He is a fund manager and analyst with 29 years' investment experience in UK and international equity markets. Chris is responsible for co-managing both the UK Equity and UK Focus funds. Before co-founding Majedie in 2002, Chris had been a Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also a member of the UK Investment Group. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.7bn. Chris joined Rowan Investment Managers (a predecessor firm to Mercury Asset Management) in 1980. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
James de Uphaugh
James de Uphaugh is Chairman and Chief Investment Officer of Majedie Asset Management. He is a fund manager and analyst with 27 years' investment experience in UK and international equity markets. James is responsible for co-managing both the UK Equity and UK Focus funds. He also leads Majedie's efforts in Responsible Capitalism. Before co-founding Majedie in 2002, James had been a Managing Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also Chairman of the UK Investment Group and Alpha Team Leader. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.4bn. James joined Mercury Asset Management in 1988. He holds a Master of Arts degree in Economics from Jesus College, Cambridge. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Matthew Smith
Matthew Smith is a fund manager and analyst with 22 years' investment experience in UK and international equity markets. Matthew is responsible for lead managing the Tortoise Fund and co-managing both the UK Equity and UK Focus funds. Before joining Majedie in 2006, Matthew had been a Director at Deutsche Bank, where he was Pan European Support Services Analyst. Until 2004 he had been a Director and Transport Analyst at Credit Suisse. Prior to that, he was a fund manager and analyst at NPI, where he managed the NPI UK Extra Income Unit Trust. Matthew joined NPI in 1994. He holds a Bachelor of Sciences degree in Geophysics from the University of Southampton.