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Premier Miton UK Growth C

Bestinvest LogoMulti-cap UK equity fund targeting capital growth.

PRICE (INC)

284.1p

PRICE (ACC)

-

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.92%

YIELD

0.9%

1 YEAR
-14.97%

Prices as at 10 Aug 2022.

Fund commentary last updated 01 Oct 2021.

Past performance is not an indication of future performance.

Capital at risk.

The fund sets out to achieve long-term capital growth from a portfolio of large, mid-sized and small UK equities. Co-managers Jon Hudson and Benji Dawes actively look for companies in various stages of development exhibiting high, steady or latent growth. This includes online fashion retailer Boohoo benefitting from the surge in e-commerce demand in the pandemic. They believe their ‘best of both’ multi-cap process benefits from combining the lower volatility of large stocks and the greater return potential of small stocks. In order to limit concentration holding sizes are limited to a maximum of 3%.

Fund summary

SectorUK All Companies
StructureOEIC
LaunchedJune 1972
Size£225m
Yield0.9%
Charging BasisIncome
Dividends paid30 Apr, 31 Oct

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.92%

Investment Process

The managers look at the three pillars of quality, growth and valuation in their stock selection process. Quality and growth include the market value opportunity of a company relative to its current sales, profit growth potential, “Super Fan” status with customers and capital allocation discipline. Valuation factors – which are key as the managers don’t want to overpay for growth - include free cash flow, Price-to-Earnings ratios and dividend yield. The team use screening techniques and company meetings – including 508 in 2019 - to find potential investment opportunities followed by a rigorous fundamental research process. This looks at the upside and downside potential of an investment including capital preservation, operating and financial risk. They can, if needed, utilise the expertise of Premier Miton’s other UK portfolio managers, equity analysts and multi-asset investment team to assist with research. When the managers invest in a company, they set a conservative target price based on their financial forecasts and expectations. When that price is reached the investment is reviewed and then either held or sold.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning