Premier Miton Diversified Growth D

  • 186.96p
    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?

  • 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!

  • 0.50%
    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).

  • 0.67%
    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.

  • 1.50%
    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 26 February 2021

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched November, 2012
Size £223m
Yield 1.50%
Charging basis Income
Dividends paid 30 Jun, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.67%

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Investment process

The Premier Alternative Strategies Fund aims to provide long term capital appreciation by mainly investing in structured products. This is a diversified fund investing predominately in structured products from a broad range of good quality counterparties. The managers invest in structured products offering either a defined or superior return relative to an index or benchmark. In many cases no market movement will be required for the products to perform and many of the products will have high soft protection levels. The Fund also invests in absolute return funds which have the ability to perform well in declining market conditions.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.27%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.20%
  • 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.

Neil Birrell

Born in 1962, Neil read Geography at Nottingham University. He began his career with Credit Suisse, working with Bill Mott, before moving to Prolific in 1991 where he managed a range of UK growth & income funds. He Joined Framlington in October 1995 and was Head of Specialist Funds. Birrell joined Premier in January 2012.

Track record

The track record of Neil Birrell 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 -32.00% (January 2002 - February 2003)
Relative -5.00% (January 2002 - February 2002)

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 July 2020

2.7767% Boussard & Gavaudan Holding
2.4613% Highbridge Tactical Credit Limited Ord Gbp
2.219% Bh Global Gbp
2.0023% Microsoft Corp
1.8773% Bh Macro Ord Npv (Gbp)
1.3686% Vonovia Se
1.2884% Mastercard Inc
1.2445% Biopharma Credit Plc
1.2432% Alphabet Inc
1.2398% Taiwan Semiconductor Manufacturing
Source: Trustnet

Sector breakdown

Alternative Investment Strategies 17.00%
Technology 12.00%
Fixed Interest 11.00%
Consumer Goods 9.00%
Financials 9.00%
Consumer Services 9.00%
Industrials 8.00%
Property Shares 7.00%
Health Care 7.00%
Hedge 3.00%

Key Investor Information

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