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

£55.8m
Fund size
None
393.11p
Share priceB Acc GBP
Fact sheet

Following FCA approval, from 27 November 2020, the role of Authorised Corporate Director (ACD) function will change from Link Fund Solutions Limited to Premier Portfolio Managers Limited. At the same time, the fund will be renamed, with the LF Miton prefix changing to Premier Miton. This is to reflect the change of ACD and the name of the new company, Premier Miton Investors, formed following the merger of Premier Asset Management Group plc and Miton Group plc in November 2019.

  • Fund overview
  • Investment approach
  • Risks

The LF Miton Defensive Multi Asset 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 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 we believe 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.
  • 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.

Awards & ratings

Objective and investment policy

The fund aims to achieve modestly above inflation returns with lower volatility than equity markets over a five-year period from an actively managed multi asset portfolio. Capital invested is at risk and there is no guarantee that a positive return will be delivered over the above, or any other investment period.

David Jane
Fund manager
Anthony Rayner
Fund manager

Fund facts

Fund launch date27 December 1996
IA sectorMixed Investment 0-35% Shares
Fund typeOEIC
Base currencyGBP
Valuation point12:00 midday
Accounting dates
Final - 30 June
Interim - 31 December

Fund facts

Fund size£55.8m
Fund launch date27 December 1996
IA sectorMixed Investment 0-35% Shares
Fund typeOEIC
Base currencyGBP
Valuation point12:00 midday
Accounting dates
Final - 30 June
Interim - 31 December

Awards & ratings

Ratings are not a recommendation.

Morningstar Fund Rating as at 30 September 2020. Copyright © 2017 Morningstar UK Ltd. All rights reserved.

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

RSMR Fund Range Rating as at 30 September 2020.

Defaqto is a financial information business.