Premier UK Growth A

Multi-cap UK equity fund targeting capital growth.

  • 271.35p
    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).

  • 1.73%
    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%

    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 23 November 2020

Fund summary

Sector UK All Companies
Structure OEIC
Launched June, 1972
Size £130m
Yield 0.10%
Charging basis Income
Dividends paid 30 Apr, 31 Oct


Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.73%


Proportion (%)

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Investment process

The investment objective of the Fund is to achieve capital growth. The Fund's investment policy is to invest in securities, primarily in the UK, in order to pursue a strategy of identifying themes which will have a positive impact on the Fund. Stocks will be identified based on their exposure to these themes and on their fundamental value.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.36%
  • 18/19 0.32%
  • 19/20 2.33%

Bestinvest MRI

  • 3 years 1.00%
  • 5 years 0.00%
  • Career 1.00%
  • 3 years 99.50%
  • 5 years 0.00%
  • Career 99.50%

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

Jon Hudson / Benji Dawes

Jon Hudson joined Premier in 2007 and has worked as an investment manager and analyst in the UK equity team since 2013. Benji Dawes has worked in Premier’s UK equity team as an investment manager and analyst since he joined Premier in 2014.

Track record

Jon Hudson / Benji Dawes has 3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +1%. During the worst period of relative performance (from January 2020 - March 2020) there was a decline of 7% relative to the index. The worst absolute loss has been 29%. 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 -29.00% (January 2020 - March 2020)
Relative -7.00% (January 2020 - March 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.


Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

4.2981% Frontier Developments Plc
3.2484% B & M European Value Retail Sa
3.2025% Games Workshop Group
3.0219% Spirent Communications
2.9004% Rio Tinto
2.8942% Sumo Group Plc
2.7989% Hikma Pharmaceuticals Plc
2.7946% Bellway
2.6676% Sirius Real Estate Limited Ord
2.6002% Just Eat Nv
Source: Trustnet

Sector breakdown

Consumer Services 22.00%
Consumer Goods 20.00%
Financials 18.00%
Technology 13.00%
Health Care 11.00%
Industrials 9.00%
Basic Materials 4.00%
Oil & Gas 2.00%
Money Market 2.00%

Key Investor Information