Premier Monthly Income A

  • 136.97p
    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?

  • 4.00% 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!

  • 1.50%
    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).

  • 1.66%
    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.

  • 5.20%
    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 26 May 2020, fund data last updated 02 January 2009

This fund targets reasonable and rising income plus capital growth primarily from UK large and mid cap UK quoted companies, companies, though international stocks are also used. Other than paying monthly dividends the fund is substantially the same as Premier Income. To achieve this the manager runs focused portfolios and is pragmatic in that he considers the macro economic environment - i.e. its influences on economic themes and styles before targeting individual stocks.

Fund summary

Sector UK Equity Income
Structure OEIC
Launched
Size £129m
Yield 5.20%
Charging basis Capital
Dividends paid Last day of each month

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.66%

Allocation

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Investment process

The fund's investment process is initially influenced by top-down thematic investing, that is the manager considers the state of the world from an economic perspective and how that may influence various sectors and stocks. Then within this framework, i.e. once investment themes have been identified, stocks that fit into such categories are then analysed in their own right. Typically the manager will target three types of companies that may benefit from such themes: - GARP (Growth at a Reasonable Price) - companies that are growing fast but are under appreciated by the market. - Value investments - companies that are trading below their intrinsic worth. - Special Situations. The manager believes in backing his convictions, therefore the fund's portfolio is concentrated, although the manager does have an awareness of his bets relative to the benchmark, the FTSE All-Share index.

The fund attracted a substantial following as Credit Suisse Income under the the stewardship of Bill Mott in the 1990s. Mott later took the helm once more (when the fund was outsourced to PSigma), but the fund has recently been brought in-house by Premier. Though the new manager's track record is reasonable, we have higher conviction in other funds in the IA UK Equity Income sector. Our top rated UK equity income funds include BlackRock UK Income, Threadneedle UK Equity Income and Artemis Income.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 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

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Sector breakdown

Financials 28.00%
Industrials 20.00%
Consumer Goods 15.00%
Consumer Services 14.00%
Oil & Gas 7.00%
Health Care 7.00%
Basic Materials 4.00%
Telecommunications 3.00%
Money Market 2.00%

Portfolio

The portfolio consists of around 50 stocks.

Key Investor Information

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