Premier Miton US Opportunities B

Investing primarily in North American equities.

  • 348.90p
    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.

  • -
    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).

  • 0.86%
    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.

  • 0.20%
    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 14 June 2021

The fund aims to achieve attractive long-term returns, primarily through investment in North American equities. The fund will also invest in collective investment schemes, cash, money market instruments, otehr transferable securities and use derivatives and forward transactions for the purposes of Efficient Portfolio Management. The fund will aim to outperform the S&P 500 total return benchmark.

Fund summary

Sector North America
Structure OEIC
Launched March, 2013
Size £1,167m
Yield 0.20%
Charging basis Income
Dividends paid Acc units only

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 0.86%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.37%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.35%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 88.70%

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

Nick Ford

A graduate of the University of Surrey in 1986, Ford began his career as a graduate trainee with Manufacturers Hanover, moving to Shearson Lehman after two years to become an investment officer. He worked as an American fund manager at Capel-Cure Myers (1992-95), Sun Alliance (1995) and Clerical Medical (1996-97) having specialised in smaller companies with the latter two. He joined Gartmore in 1998, spending seven years as investment manager on the US equity team before moving to F&C. He joined SWIP in September 2007 an investment director on the US equities team. In 2012 he moved to Miton.

Track record

Nick Ford has 9.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.35%. During the worst period of relative performance (from March 2000 - August 2004) there was a decline of 46% relative to the index. The worst absolute loss has been 61%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 89%.

Periods of worst performance

Absolute -61.00% (February 2000 - January 2003)
Relative -46.00% (March 2000 - August 2004)

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

3.52% Fidelity National Info Services Inc
3.47% Lowes Companies Inc
3.06% Pulte Group Inc
2.65% Waste Connections Inc
2.65% Vulcan Materials Co
2.61% Wex Inc
2.59% Hca Healthcare Inc
2.59% Live Nation Entertainment Inc
2.57% Ss&C Technologies Hldgs Inc
2.56% Service Corp Intl
Source: Trustnet

Sector breakdown

Industrials 21.00%
Information Technology 19.00%
Consumer Discretionary 17.00%
Health Care 15.00%
Financials 13.00%
Consumer Staples 6.00%
Communications 5.00%
Materials 3.00%
Real Estate 1.00%

Key Investor Information

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