Premier Miton Responsible UK Equity C

Multi-cap UK Ethical fund

  • 406.10p
    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.

  • 458.80p
    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!

  • 0.75%
    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).

  • 0.90%
    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.

  • 0.70%
    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 27 January 2022, we don’t currently provide commentary on this fund.

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 February, 2015
Size £243m
Yield 0.70%
Charging basis Income
Dividends paid 30 Apr, 31 Oct

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 0.90%

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Investment process

Manager research

Average monthly relative returns

  • 17/18 0.00%
  • 18/19 0.22%
  • 19/20 1.29%
  • 20/21 1.78%
  • 21/22 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.72%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 98.60%

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

Jon Hudson / Benji Dawes

Jon Hudson joined Premier Miton in 2007 and has worked as an investment manager and analyst in the UK equity team since 2013. Hudson is a CFA charterholder and has a BA (Hons) in Economics and Management from the University of Leeds. Benji Dawes has worked in Premier’s UK equity team as an investment manager and analyst since he joined Premier in 2014. He was previously assistant fund manager and UK equity investment analyst at City Financial. He is a CFA charterholder.

Track record

Jon Hudson / Benji Dawes has 4.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.72%. During the worst period of relative performance (from August 2021 - November 2021) there was a decline of 8% relative to the index. The worst absolute loss has been 29%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -29.00% (January 2020 - March 2020)
Relative -8.00% (August 2021 - November 2021)

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 December 2021

2.9585% Games Workshop Group Plc
2.8043% Spirent
2.7863% Michael Page
2.6113% Tinybuild Inc
2.5031% Hikma Pharmaceuticals Plc
2.4668% Alpha Fx Group Plc
2.4308% Legal & General Group
2.3916% Sirius Real Estate Ltd
2.3518% Gym Group Plc
2.304% Future Plc
Source: Trustnet

Sector breakdown

Consumer Discretionary 22.00%
Information Technology 13.00%
Health Care 11.00%
Financials 10.00%
Communications 10.00%
Industrials 9.00%
Cash & Cash Equivalents 9.00%
Consumer Staples 5.00%
Real Estate 5.00%
Materials 4.00%

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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