Premier Ethical A

Multi-cap UK Ethical fund

  • 240.31p
    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.

  • 275.73p
    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?

  • 4.00% 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).

  • 1.67%
    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 30 March 2020, fund data last updated 21 August 2003

The objective of the fund is to achieve long-term capital growth by investing in UK companies whose business is based on ethical principles. The fund looks to avoid investing in companies with products or services that may have negative social or environmental effects. The fund's ethical policies are overseen by an independent committee, who also monitor the fund manager to ensure the policy is adhered to.

Fund summary

Sector UK All Companies
Structure OEIC
Launched April, 2010
Size £170m
Yield 1.10%
Charging basis Income
Dividends paid 30 Apr, 31 Oct

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.67%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.02%
  • 19/20 1.40%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.67%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Jon Hudson / Benji Dawes

Jon Hudson joined Premier in 2007 and has worked as an investment manager and analyst in the UK equity team since 2013. Benji Dawes has worked in Premier’s UK equity team as an investment manager and analyst since he joined Premier in 2014.

Track record

The track record of Jon Hudson / Benji Dawes in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -15.00% (September 2018 - December 2018)
Relative -5.00% (September 2018 - December 2018)

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 January 2020

4.2803% Legal & General Group
3.8246% Gym Group Plc
3.8217% Dart Group Plc
3.6904% Games Workshop Group
3.6491% Glaxosmithkline
3.395% Alpha Fx Group Plc
3.2972% Bellway
3.2951% Just Eat Takeaway Com Nv
2.972% Frontier Developments Plc
2.957% Prudential Plc
Source: Trustnet

Sector breakdown

Consumer Services 25.00%
Financials 25.00%
Consumer Goods 20.00%
Technology 11.00%
Health Care 11.00%
Industrials 7.00%
Money Market 1.00%

Constraints

No formal stock or sector constraints, though the typical maximum active weight per stock is 4%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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