Data is at market close and rounded to 2 decimal places.
Following FCA approval, from 27 November 2020, the role of Authorised Corporate Director (ACD) function has changed from Link Fund Solutions Limited to Premier Portfolio Managers Limited. At the same time, the fund was renamed, with the LF Miton prefix changing to Premier Miton. This reflects 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.
The Premier Miton UK Multi Cap Income Fund invests across the market cap spectrum of UK quoted companies. The fund managers will make investment selections on the basis that the companies have scope to grow dividends at a faster rate over the long-term compared to others. The fund aims to provide income coupled with capital growth over the long term being five years or more.
Key points about the Premier Miton UK Multi Cap Income Fund:
*The historic yield reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at 1 December 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 Fund invests primarily in quoted or traded UK companies with a wide range of market capitalisations but has a long-term bias toward smaller and medium sized companies. The Fund may also invest in large companies, including those held within the FTSE 100 Index, where it is believed that this may increase shareholder value.
The stock selection process uses a ‘traffic-light’ process to identify and assess companies that can grow their dividends on a sustainable basis:
The Managers adopt a stock specific approach in managing the Fund’s portfolio and therefore sector weightings are of secondary consideration. As a result of this approach, the Fund’s portfolio does not track any benchmark index.
The objective of the Fund is to provide an income with capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares 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.
The income will be paid four times a year by dividend distributions.
Fund size | £892.5m |
Fund launch date | 14 October 2011 |
IA sector | UK Equity Income |
Fund type | OEIC |
Base currency | GBP |
Valuation point | 12:00 midday |
Accounting dates | Final - 31 May Interim - 30 November |