Data is at market close and rounded to 2 decimal places.

£199.9m
Fund size
4.6%
Historic net yield*
Share class
None
152.00p
Share priceB Acc GBP
Fact sheet
  • Fund overview
  • Investment approach
  • Risks

The Premier Miton Cautious Monthly Income Fund is a global fund investing across the major asset classes such as company shares, bonds, other investment funds and cash.

Key Points:

  • Genuinely active investors – the managers have a pragmatic approach to investing and are not forced to own something just because it’s in an index, allowing them to focus on producing the outcome investors want.
  • Directly invested in company shares and bonds rather than other investment funds (such as OEICs and Unit Trusts) which has the benefit of keeping overall charges lower as we do not have to also pay the charges levied by those funds.
  • Experienced investment managers - the team has over 50 years combined investment experience gained at companies including M&G, Newton and Merrill Lynch.
  • Independently rated - the experience of the fund managers and quality of the funds has been recognised by independent industry endorsements.

*The historic net yield reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at 30 September 2020. This yield should not be seen as a future forecast. It does not include any preliminary charge and investors may be subject to tax on their distributions.

The material within these webpages is not a recommendation to buy or sell any of the investments referred to herein. Premier Miton does not give financial advice. If you are unsure as to the suitability of the investments mentioned please contact a financial adviser. The value of investments can fall as well as rise and you may not get back the original amount invested. Please see the Risks section above for a list of all associated risks.

Central to our approach is to remain true to some basic assumptions and to allocate resource to our strengths.

  • We believe that we are unlikely to have a decent understanding as to where the future lies, certainly not in a detailed enough manner, and with enough conviction, to exploit investment opportunities. Therefore, we do not construct portfolios on the basis of the single most likely scenario, rather we look to optimise performance across a range of scenarios.
  • In a similar vein, we view risk as a real world phenomenon, which statistical models have a limited chance of capturing. As such, we look at the volatility of each asset class and how they behave individually over time, rather than focusing on forecasting.
  • These beliefs contribute to informing our approach to portfolio construction, which is where we believe we have an edge. Our expertise in portfolio construction combines well with the scope of the fund’s investment policy, i.e. to invest globally, across the full range of asset classes.
  • The value of investments may fluctuate which will cause fund prices to fall as well as rise and investors may not get back the original amount invested.
  • For funds investing globally, currency exchange rate fluctuations may have a positive or negative impact on the value of your investment.
  • Changes in interest rates will affect the value of, and the interest earned from bonds held by the Fund. When interest rates rise, the capital value of the Fund is likely to fall and vice versa.
  • Fees will be deducted from capital which will increase the amount of income available for distribution; however this will erode capital and may constrain capital growth.
  • The Fund does not use derivatives extensively, although it may use them in an attempt to reduce risk, reduce costs and to generate additional income. Investing in derivatives carries the risk of reduced liquidity, substantial loss and increased volatility in adverse market conditions. Derivatives may expose the Fund to credit risks of counterparties, who may not meet payment obligations. The use of derivatives may result in the fund being leveraged (where economic exposure and thus the potential for loss by the fund exceeds the amount it has invested) and in these market conditions the effect of leverage will magnify losses.
  • This fund may experience high volatility due to the composition of the portfolio or the portfolio management techniques used.

Awards & ratings

Objective and investment policy

The objective of the Fund is to achieve income and capital growth, over the long term, being five years or more. Five years is also the minimum recommended term for holding units in this Fund. This does not mean that the Fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested.

David Jane
Fund manager
Anthony Rayner
Fund manager

Fund facts

Fund launch date19 May 2011
IA sectorMixed Investment 20-60% Shares
Fund typeUnit Trust
Base currencyGBP
Valuation point12:00 midday
Accounting dates
Final - 30 June
Interim - 31 December

Fund facts

Fund size£199.9m
Fund launch date19 May 2011
IA sectorMixed Investment 20-60% Shares
Fund typeUnit Trust
Base currencyGBP
Valuation point12:00 midday
Accounting dates
Final - 30 June
Interim - 31 December

Awards & ratings

Ratings are not a recommendation.

Distribution Technology and the Dynamic Planner Fund Rating as at 30 September 2020.

RSMR Fund Range Rating as at 30 September 2020.

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