fund
Premier Miton Multi-Asset Growth & Income C
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170.65p
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.
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200.76p
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?
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0.00%
Initial chargeSome 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!
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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).
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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.
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2.80%
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…
Fund summary
| Sector | Mixed Investment 40-85% Shares |
| Structure | OEIC |
| Launched | February, 2015 |
| Size | £646m |
| Yield | 2.80% |
| Charging basis | Capital |
| Dividends paid | 28 Feb, 31 Aug |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 1.67% |
Allocation
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Investment process
Manager research
Average monthly relative returns
- 16/17 0.43%
- 17/18 0.43%
- 18/19 -0.31%
- 19/20 0.46%
- 20/21 0.22%
Bestinvest MRI
- 3 years 0.12%
- 5 years 0.25%
- Career 0.03%
- 3 years 76.10%
- 5 years 94.30%
- Career 97.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
David Hambidge / Ian Rees
Hambidge has been with Premier since 1987 and specialises in the analysis of collective investment vehicles, including both OEICs and investment trusts. He is responsible for the portfolio management for both private and institutional investors and has been responsible for both of Premier's 'Fund of Funds', the Premier Selector Growth Trust and the Premier Selector Income Trust since their launch. He also manages the income portfolio of the Premier High Income Trust, a split capital investment trust launched in June 1999.
Track record
David Hambidge / Ian Rees has 25.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.03%. During the worst period of relative performance (from May 1996 - February 2003) there was a decline of 33% relative to the index. The worst absolute loss has been 40%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.
Periods of worst performance
| Absolute | -40.00% (August 2000 - January 2003) |
| Relative | -33.00% (May 1996 - 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
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Top 10 holdings
Data accurate as at 31 July 2020
| 4.8229% | Vt Teviot Uk Smaller Companies Inc |
| 4.7931% | Tb Evenlode Income C Inc |
| 4.5947% | Montanaro Uk Income Seed Gbp |
| 4.3329% | Man Glg Undervalued Assets Professional D Inc |
| 3.9865% | Polar Capital Global Insurance E Inc Gbp |
| 3.8388% | Schroder Income Z Inc |
| 3.332% | Semper Total Return I Gbp |
| 3.2819% | Cc Japan Income & Growth S Unhedged Inc Gbp |
| 3.2296% | Lindsell Train Japanese Equity B Dis Jpy |
| 3.1617% | Baillie Gifford European B Inc |
| Source: Trustnet |