Premier Miton Cautious Multi Asset B

Multi-asset portfolio investing in both funds and direct investments.

  • 305.58p
    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.

  • -
    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?

  • 1.00% 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!

  • 0.75%
    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).

  • 0.82%
    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.

  • 2.10%
    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 22 January 2021

The fund aims to provide long-term growth by investing in a portfolio of other authorised funds, worldwide equities, fixed interest stocks, cash and money market instruments.

Fund summary

Sector Mixed Investment 20-60% Shares
Structure OEIC
Launched January, 2006
Size £418m
Yield 2.10%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 1.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.82%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The investment objective of the Fund is to provide long-term growth by investing in a portfolio of other authorised funds, worldwide equities, fixed interest stocks, cash and money market instruments. The investment Manager will take a fundamental and value driven approach to portfolio allocation, dependent on the relevant attractions of the world equity, fixed interest and currency markets. The Fund will take an aggressive view of the stock market weightings in the portfolio, when compared to a neutral world market capitalisation.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.39%
  • 20/21 0.40%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.40%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 89.10%

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

David Jane

Jane founded Darwin Investment Managers in September 2010. He was previously head of Equities Investment at M&G from May 2002, having joined the company in 2000. He began his investment career in 1987 with United Friendly Assurance, then worked at Newton as Director of Global Financials Research before joining AXA Investment Management as Head of Global Financials Research. He graduated from Keele University with a BA in Statistics & Economics. Jane was born in 1965.

Track record

David Jane has 2.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.4%. During the worst period of relative performance (from August 2002 - February 2003) there was a decline of 8% relative to the index. The worst absolute loss has been 37%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance

Absolute -37.00% (June 2001 - March 2003)
Relative -8.00% (August 2002 - February 2003)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 August 2020

6.36% Gold Bullion Securities Ld Gold Bullion Securities Usd
2.29% Apple Inc
2.04% United States Of Amer Treas Bills 0% Tb 15/11/49 Usd100
1.78% United States Of Amer Treas Notes 1.5% Bds 30/11/24 Usd100
1.72% United States Of Amer Treas Bonds 4.5% Tb 15/05/38 Usd1000
1.64% Ansys Inc
1.63% Givaudan Sa
1.59% Hm Treasury United Kingdom Dmo 0.5% Gilt 22/07/22 Gbp1
1.43% Alphabet Inc
1.25% Synopsys Inc
Source: Trustnet

Sector breakdown

Fixed Interest 20.00%
Information Technology 16.00%
Financials 15.00%
Industrials 12.00%
Mutual Funds 7.00%
Money Market 6.00%
Utilities 4.00%
Real Estate 4.00%
Consumer Discretionary 3.00%
Health Care 3.00%

Key Investor Information

Download