Premier UK Money Market A

Invests in UK deposits and short-dated money market investments.

  • 50.42p Price (Inc)
  • 128.53p Price (Acc)
  • 0.00% Initial charge
  • 0.50% Annual management charge
  • 0.60% Ongoing charges
  • 0.00% Yield

Prices as at 09 December 2019, fund data last updated 25 June 2003

Fund summary

Sector Standard Money Market
Structure UNIT TRUST
Launched August, 1989
Size £218m
Yield 0.00%
Charging basis Capital
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.02%
Annual management charge 0.50%
Ongoing charges figure 0.60%

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Investment process

The fund's objective is the generation of income through the active management of a diversified portfolio of UK deposits and short-dated money market investments.

Manager research

Average monthly relative returns

  • 14/15 0.26%
  • 15/16 -0.17%
  • 16/17 -0.14%
  • 17/18 -0.23%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.23%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 35.90%

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

Paul Smith

Smith manages Fixed Income securities at Premier. His current responsibilities include the management of the Zero Preference Growth Trust and the Premier High Income Bond, as well as reverse convertible and traditional fixed income sub-funds of investment trusts, such as the Bond portfolio of Premier Asian Assets Trust and the Income portfolio of Acorn Income Fund. Paul also manages various private client portfolios. Prior to joining Premier, he was responsible for Fixed Income securities at BFS Investments plc which he joined after obtaining a 1st class BA (Hons) degree in Economics and an MA in Finance and Investment (with distinction) from Exeter University

Track record

Paul Smith has 11.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.23%. During the worst period of relative performance (from May 2007 - March 2009) there was a decline of 38% relative to the index. The worst absolute loss has been 26%.

Periods of worst performance

Absolute -26.00% (October 2007 - March 2009)
Relative -38.00% (May 2007 - March 2009)

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.

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Top 10 holdings

Data accurate as at 30 August 2019

8.6526% Santander Uk Plc 1.875% Nts 17/02/20 Gbp100000
8.427% Lloyds Bank Plc Cash Deposit
5.9047% Bank Of America Corp 5.5% Bds 4/12/19 Gbp1000
5.2721% National Westminster Bank Fr Cvd Bds 15/05/21 Gbp100000
4.2149% Goldman Sachs Inc Cd 0.91% 12/02/2020
4.2136% Barclays Bank Uk Plc 0.69% Ct Of Dep 05/09/19 Gbp100
4.2135% Mitsubishi Ufj Financial Group Cash Deposit
4.2133% Goldman Sachs Inc Cd 0.885% 21/08/2020
4.2132% Barclays Bank Plc 0.96% Ct Of Dep 21/08/20 Gbp100
4.0452% Cooperatieve Rabobank Ua Frn 20/09/19 Gbp100000
Source: Trustnet

Sector breakdown

Certificates of Deposit 54.00%
Cash Deposits 18.00%
Fixed Interest 17.00%
Floating Rate Notes 11.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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