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

£892.5m
Fund size
121
No of holdings
3.36%
Historic yield*
Share class
None
307.78p
Share priceB Acc GBP
Fact sheet

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.

  • Fund overview
  • Investment approach
  • Risks

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:

  • An emphasis on finding opportunities to provide 'good and growing' income.
  • The flexibility to invest in UK companies of all market capitalisations typically with a bias towards medium and smaller sized companies.
  • The fund is not constructed or managed against a specific index or benchmark.
  • Quarterly income payments.
  • Fees and costs are charged against capital so all income can be paid to investors.

*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 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.

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:

  • Are there prospects for rising turnover?
  • Can PROFIT margins be sustained?
  • Does the management team make decisions we feel will build real intrinsic value?
  • How much financial flexibility is there in the balance sheet?
  • Are there low expectations in the share price?

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 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.
  • 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.
  • Investment in the securities of smaller and/or medium sized companies can involve greater risk than may be associated with investment in larger, more established companies. The market for securities in smaller companies may be less liquid than securities in larger companies. This can mean that the Investment Manager may not always be able to buy and sell securities in smaller and/or medium size companies.
  • In certain market conditions companies may reduce or even suspend paying dividends until conditions improve. This will impact the level of income distributed by the Fund.
  • 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

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.

Gervais Williams
Fund manager
Martin Turner
Fund manager

Fund facts

Fund launch date14 October 2011
IA sectorUK Equity Income
Fund typeOEIC
Base currencyGBP
Valuation point12:00 midday
Accounting dates
Final - 31 May
Interim - 30 November

Fund facts

Fund size£892.5m
Fund launch date14 October 2011
IA sectorUK Equity Income
Fund typeOEIC
Base currencyGBP
Valuation point12:00 midday
Accounting dates
Final - 31 May
Interim - 30 November

Awards & ratings

Ratings are not a recommendation.

FE fundinfo Crown Fund Ratings do not constitute investment advice offered by FE fundinfo and should not be used as the sole basis for making any investment decision. All rights reserved.