Premier Miton UK Value Opportunities B

A multicap UK equity fund targeting long-term capital growth.

  • 239.41p
    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.

  • 267.76p
    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?

  • 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).

  • 0.89%
    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.

  • 0.10%
    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 09 April 2021

The investment objective of the fund is to achieve long-term capital growth. The fund will invest mainly in UK companies which the manager considers to be undervalued by the market. The fund considers UK companies to be those companies that: are incorporated in the UK and/or have most of their operations in the UK; and are listed on a stock exchange.

Fund summary

Sector UK All Companies
Structure OEIC
Launched March, 2013
Size £513m
Yield 0.10%
Charging basis Income
Dividends paid 31 Jan, 31 Jul

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 0.89%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.58%
  • 18/19 -0.86%
  • 19/20 0.39%
  • 20/21 2.41%

Bestinvest MRI

  • 3 years 0.65%
  • 5 years 0.00%
  • Career 0.40%
  • 3 years 87.70%
  • 5 years 0.00%
  • Career 99.90%

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

Andrew Jackson

Born in 1963, Jackson has a BA (Hons) in Business Studies and an MA in Economics of Finance & Investment. He began his career in 1987 with Oliff & Partners as an equity analyst moving to Canada Life in 1990 where he was a UK fund manager. He joined Lloyds Investment Managers (later Hill Samuel) in 1994to manage their specialist UK small cap funds, including their unit and investment trusts. He joined SG Asset Management in December 1998, helping to set up and develop the smaller companies desk before assuming responsibility for the European Technology investments. He joined Ecclesiastical (later Edentree) in 2003, resigning in 2015. In 2016 he joined Miton.

Track record

Andrew Jackson has 14.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.4%. During the worst period of relative performance (from January 2020 - June 2020) there was a decline of 14% relative to the index. The worst absolute loss has been 42%. 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 -42.00% (May 2007 - February 2009)
Relative -14.00% (January 2020 - June 2020)

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

3.55% Future Plc
3.15% Volex Plc
3.02% Discoverie Group Plc
2.81% Ergomed Plc
2.8% Ashtead Group
2.66% Provident Financial Plc
2.57% Dunelm Group Plc
2.26% Sylvania Platinum Ltd
2.18% Spirent Communications
2.01% Rio Tinto
Source: Trustnet

Sector breakdown

Industrials 22.00%
Materials 17.00%
Consumer Discretionary 14.00%
Financials 14.00%
Information Technology 13.00%
Communications 7.00%
Real Estate 6.00%
Consumer Staples 3.00%
Health Care 3.00%
Utilities 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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