fund
Premier Miton Worldwide Opportunities B
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581.10p
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.
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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?
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1.00% 0.00%
Initial chargeSome 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!
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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).
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1.05%
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.
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0.60%
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…
Nick Greenwood manages a portfolio which specialises in investment trusts. He has been successful in adding value through exploiting the pricing inefficiencies inherent within the closed end fund arena. The portfolio provides exposure to global investing, although the UK is likely to be the dominant region within the fund. iimia now operates under the parent company of Midas Capital.
Fund summary
| Sector | Flexible Investment |
| Structure | OEIC |
| Launched | |
| Size | £58m |
| Yield | 0.60% |
| Charging basis | |
| Dividends paid | Acc units only |
Charges
| Standard initial charge | 1.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 1.05% |
Allocation
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Investment process
This fund is unusual in that it invests only in investment trusts as opposed to traditional listed equities. The manager believes that this approach can provide investors with attractive absolute returns through exploiting inefficiencies in the pricing of investment trusts. The process involves around 200 face to face management meetings per year, which the manager uses not only for information on the trust and to gauge its management, but they also provide ideas for asset allocation. He is not an activist shareholder himself but often picks trusts where some sort of corporate action is likely.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
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
Proportion (%)
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Sector breakdown
| Mutual Funds | 54.00% |
| Financials | 19.00% |
| Real Estate | 11.00% |
| Money Market | 6.00% |
| Equities | 3.00% |
| Fixed Interest | 3.00% |
| Materials | 2.00% |
| Industrials | 2.00% |
Portfolio
The portfolio usually consists of around 40 holdings.
Key Investor Information