Premier Miton Premier Miton US Opportunities Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | 6.8% | 41.6% | 5.4% | -6.9% | 21.8% |
| Sector | 2.4% | 34.1% | 6.5% | -0.7% | 21.7% |
| Rank | 48/205 | 92/219 | 98/228 | 228/245 | 142/253 |
| Quartile | 1 | 2 | 2 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 6.1% | 12.6% | 14.6% | |
| Sector | 8.8% | 12.1% | 13.6% | |
| Rank | 151/228 | 87/205 | 42/126 | |
| Quartile | 3 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| GRAPHIC PACKAGING HLDG CO | 3.72 |
| WINTRUST FINANCIAL CORP | 3.35 |
| RAYMOND JAMES FINANCIAL INC | 3.34 |
| VISA | 3.25 |
| VULCAN MATERIALS COMPANY | 3.23 |
| GLOBAL PAYMENTS | 3.19 |
| INTERCONTINENTAL EXCHANGE INC | 3.18 |
| FULLER HB CO | 3.16 |
| IQVIA HOLDINGS | 3.04 |
| LIVE NATION ENTERTAINMENT | 2.98 |
| Total | 32.44 |
Fund Aims
To provide 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 fund manager will invest at least 70% of the fund’s assets in shares in North American companies. The fund may also hold other investments which may include, government and corporate (company) bonds, convertible bonds (bonds that can convert into company shares), collective investment schemes and cash and cash-like investments. The fund may invest in derivatives and forward transactions (these are contracts whose value is based on the change in price of an underlying investment) for the purposes of efficient portfolio management, including hedging (hedging is designed to offset the risk of another investment falling in price). The fund is actively managed which means that the fund manager will manage and adapt the portfolio depending on their assessment of the broad economic environment and market conditions.
Fund Manager
Hugh Grieves joined Premier Miton in January 2013. Prior to this, he worked for Herald Investment where he was responsible for managing the Herald Worldwide Fund. From 2000-2008 he co-managed the technology funds at Societe Generale Asset Management Ltd and solely managed the funds from 2008-2009. Prior to that, Hugh worked in the US smaller companies team at Gartmore. Hugh graduated from Bristol University with a degree in Economics and is a CFA charterholder.
Nick Ford joined Premier Miton in December 2012. Prior to this, he was the Investment Director on the US and Global investment team at Scottish Widows Investment Partnership. His previous roles include co-manager of the Gartmore US Smaller Companies fund, manager of the US funds for Sun Alliance and Clerical Medical, as well as working as a member of the small cap team at F&C Asset Management.
Fund Overview
| Mid (02/05/2024) | 421.10p |
| Historic yield | 0.17% |
| Fund size (31/01/2024) | £1409.45m |
| Number of holdings | 36 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.83% |
| Launch date | 18/03/2013 |
Asset Allocation
| International Equities | 93.99% | |
| Cash and Equivalents | 6.01% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 93.99% | |
| Cash and Equivalents | 6.01% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 37.89% | - | - | - | |
| Industrial Goods & Services | - | 29.92% | - | - | |
| Industrial Support Services | - | - | 14.29% | - | |
| Transaction Processing Services | - | - | - | 9.43% | |
| Professional Business Support Services | - | - | - | 2.57% | |
| Industrial Suppliers | - | - | - | 2.29% | |
| General Industrials | - | - | 6.88% | - | |
| Containers & Packaging | - | - | - | 3.72% | |
| Paints & Coatings | - | - | - | 3.16% | |
| Electronic & Electrical Equipment | - | - | 5.09% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 2.63% | |
| Electrical Components | - | - | - | 2.46% | |
| Industrial Transportation | - | - | 3.67% | - | |
| Trucking | - | - | - | 2.29% | |
| Railroads | - | - | - | 1.38% | |
| Construction & Materials | - | 7.96% | - | - | |
| Construction & Materials | - | - | 7.96% | - | |
| Building Materials: Other | - | - | - | 3.23% | |
| Building: Climate Control | - | - | - | 2.44% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 2.30% | |
| Financials | 19.59% | - | - | - | |
| Financial Services | - | 11.24% | - | - | |
| Investment Banking & Brokerage Services | - | - | 11.24% | - | |
| Investment Services | - | - | - | 11.24% | |
| Banks | - | 5.77% | - | - | |
| Banks | - | - | 5.77% | - | |
| Banks | - | - | - | 5.77% | |
| Insurance | - | 2.58% | - | - | |
| Non-life Insurance | - | - | 2.58% | - | |
| Insurance Brokers | - | - | - | 2.58% | |
| Consumer Discretionary | 17.71% | - | - | - | |
| Consumer Products & Services | - | 6.61% | - | - | |
| Consumer Services | - | - | 4.06% | - | |
| Funeral Parlors & Cemetery | - | - | - | 2.60% | |
| Consumer Services: Misc. | - | - | - | 1.46% | |
| Leisure Goods | - | - | 2.55% | - | |
| Recreational Products | - | - | - | 2.55% | |
| Travel & Leisure | - | 5.57% | - | - | |
| Travel & Leisure | - | - | 5.57% | - | |
| Recreational Services | - | - | - | 2.98% | |
| Hotels & Motels | - | - | - | 2.58% | |
| Retail | - | 5.53% | - | - | |
| Retailers | - | - | 5.53% | - | |
| Home Improvement Retailers | - | - | - | 5.53% | |
| Health Care | 12.14% | - | - | - | |
| Health Care | - | 12.14% | - | - | |
| Health Care Providers | - | - | 7.20% | - | |
| Health Care Services | - | - | - | 3.04% | |
| Health Care Management Services | - | - | - | 2.82% | |
| Health Care Facilities | - | - | - | 1.35% | |
| Pharmaceuticals & Biotechnology | - | - | 2.50% | - | |
| Biotechnology | - | - | - | 2.50% | |
| Medical Equipment & Services | - | - | 2.44% | - | |
| Medical Equipment | - | - | - | 2.44% | |
| Cash and Equivalents | 6.01% | - | - | - | |
| Real Estate | 2.62% | - | - | - | |
| Real Estate | - | 2.62% | - | - | |
| Real Estate Investment & Services | - | - | 2.62% | - | |
| Real Estate Services | - | - | - | 2.62% | |
| Technology | 2.19% | - | - | - | |
| Technology | - | 2.19% | - | - | |
| Software & Computer Services | - | - | 2.19% | - | |
| Software | - | - | - | 2.19% | |
| Utilities | 1.85% | - | - | - | |
| Utilities | - | 1.85% | - | - | |
| Waste & Disposal Services | - | - | 1.85% | - | |
| Waste & Disposal Services | - | - | - | 1.85% | |
Regional Allocation
| North America | 91.55% | |
| Cash and Equivalents | 6.01% | |
| Developed Europe - Excl UK | 2.44% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 91.55% | - | |
United States
|
- | 87.51% | |
Canada
|
- | 4.04% | |
| Cash and Equivalents | 6.01% | - | |
| Developed Europe - Excl UK | 2.44% | - | |
Ireland
|
- | 2.44% | |
Breakdown By Market Cap (%)
| Mega |
|
20.63% |
| Large |
|
25.91% |
| Medium |
|
38.40% |
| Small |
|
2.57% |
| Non-Classified |
|
6.48% |
| Cash |
|
6.01% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | GRAPHIC PACKAGING HLDG CO | 3.72% | General Industrials | United States |
| 2 | WINTRUST FINANCIAL CORP | 3.35% | Banks | United States |
| 3 | RAYMOND JAMES FINANCIAL INC | 3.34% | Investment Banking & Brokerage Services | United States |
| 4 | VISA | 3.25% | Industrial Support Services | United States |
| 5 | VULCAN MATERIALS COMPANY | 3.23% | Construction & Materials | United States |
| 6 | GLOBAL PAYMENTS | 3.19% | Industrial Support Services | United States |
| 7 | INTERCONTINENTAL EXCHANGE INC | 3.18% | Investment Banking & Brokerage Services | United States |
| 8 | FULLER HB CO | 3.16% | General Industrials | United States |
| 9 | IQVIA HOLDINGS | 3.04% | Health Care Providers | United States |
| 10 | LIVE NATION ENTERTAINMENT | 2.98% | Travel & Leisure | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 2.19% | - | - | - | - | - | - | 2.19% |
| Financials | - | 19.59% | - | - | - | - | - | - | 19.59% |
| Real Estate | - | 2.62% | - | - | - | - | - | - | 2.62% |
| Consumer Discretionary | - | 17.71% | - | - | - | - | - | - | 17.71% |
| Utilities | - | 1.85% | - | - | - | - | - | - | 1.85% |
| Health Care | - | 12.14% | - | - | - | - | - | - | 12.14% |
| Industrials | - | 37.89% | - | - | - | - | - | - | 37.89% |
| Cash and Equivalents | - | - | - | - | - | - | - | 6.01% | 6.01% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B8278F5 |
| Mex Code | CGSETI |
| Isin Code | GB00B8278F56 |
| Citi Code | I0YV |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.83% |
Aims and Benchmark
| Aims | To provide 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 fund manager will invest at least 70% of the fund’s assets in shares in North American companies. The fund may also hold other investments which may include, government and corporate (company) bonds, convertible bonds (bonds that can convert into company shares), collective investment schemes and cash and cash-like investments. The fund may invest in derivatives and forward transactions (these are contracts whose value is based on the change in price of an underlying investment) for the purposes of efficient portfolio management, including hedging (hedging is designed to offset the risk of another investment falling in price). The fund is actively managed which means that the fund manager will manage and adapt the portfolio depending on their assessment of the broad economic environment and market conditions. |
| Benchmark | IA North American Sector |
| Benchmark Category | Comparator |
| IA Sector | North America |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | No income |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 March | 30 April |
| 01 June | 31 July |
| 01 September | 31 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Northern Trust Global Services SE |
| Fund Administrator | Northern Trust Global Services SE |
| Fund Registrar | Northern Trust Global Services SE |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Premier Miton Investors |
| Group address | Eastgate Court High Street Guildford Surrey GU1 3DE |
| Group telephone | 0845 6056363 |
| Dealing telephone | - |
| sales@premierfunds.co.uk | |
| Homepage | www.premiermiton.com |
| Fax number | 01483 300845 |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £1000 |
| Minimum Regular Saving | £50 |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -2.96 |
| Beta | 1.09 |
| Sharpe | 0.17 |
| Standard Deviation | 15.33 |
| Info Ratio | -0.31 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.