Premier Miton UK Smaller Companies B

Targets long term total returns from UK small cap equities.

  • 406.80p
    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.

  • 419.30p
    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?

  • 5.00% 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).

  • 0.88%
    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.

  • 0.00%
    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 17 September 2021

The fund aims to achieve long-term total returns by investing primarily in UK smaller quoted companies. The fund will focus its capital in the three-quarters of quoted stocks that are outside of the FTSE 350, investing primarily in AiM, Small Cap and Fledgling businesses.

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched December, 2012
Size £171m
Yield 0.00%
Charging basis Income
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.88%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.29%
  • 17/18 1.12%
  • 18/19 -1.75%
  • 19/20 3.23%
  • 20/21 0.85%

Bestinvest MRI

  • 3 years 0.78%
  • 5 years 0.63%
  • Career 0.67%
  • 3 years 83.20%
  • 5 years 90.00%
  • Career 100.00%

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

Gervais Williams

Williams graduated from Liverpool University in 1980 with a degree in Engineering. He joined NatWest Fund Managers in 1993 (which latterly merged with Gartmore) and headed their UK Small Cap team until 2010. Previously, he worked for Thornton from 1990, where he was involved in the formation of their new strategy unit for a smaller companies investment trust, and for Throgmorton for 5 years where he was ultimately a director responsible for segregated smaller companies portfolios. He is now managing director of MAM Funds PLC.

Track record

Gervais Williams has 24.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.67%. During the worst period of relative performance (from July 2018 - December 2019) there was a decline of 30% relative to the index. The worst absolute loss has been 57%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -57.00% (August 2000 - March 2003)
Relative -30.00% (July 2018 - December 2019)

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 August 2020

4.99% Simec Atlantis Energy Ltd
4.49% Totally Plc
4.2% Jubilee Metals Group Plc
4.17% Avacta Group Plc
3.91% Corero Network Security Plc
2.97% Kape Technologies Plc
2.58% Gamesys Group Plc
2.2% Ao World Plc
2.15% Amino Technologies
2.01% Venture Life Group Plc
Source: Trustnet

Sector breakdown

Information Technology 22.00%
Health Care 16.00%
Materials 12.00%
Industrials 11.00%
Financials 10.00%
Consumer Discretionary 8.00%
Money Market 7.00%
Energy 7.00%
Consumer Staples 2.00%
Utilities 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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