Premier Miton Premier Miton European Opportunities Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
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 | 9.9% | 50.2% | -9.7% | 0.0% | 11.7% |
| Sector | -7.2% | 35.5% | -2.6% | 10.9% | 9.3% |
| Rank | 2/127 | 10/129 | 126/135 | 134/142 | 46/143 |
| Quartile | 1 | 1 | 4 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | 0.2% | 10.7% | n/a | |
| Sector | 5.7% | 8.2% | 7.8% | |
| Rank | 126/135 | 13/127 | n/a | |
| Quartile | 4 | 1 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SOITEC | 3.83 |
| FERRARI NV | 3.40 |
| ASML HOLDING N.V. | 3.38 |
| YPSOMED HOLDING AG | 3.02 |
| QIAGEN N.V. | 3.01 |
| BRUNELLO CUCINELLI S.P.A. | 2.81 |
| KONGSBERG GRUPPEN ASA | 2.78 |
| VZ HLDG AG | 2.77 |
| BIOGAIA AB | 2.75 |
| ALLFUNDS GROUP | 2.74 |
| Total | 30.49 |
Fund Aims
To provide total returns, comprised of income and 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. A minimum of 80% of the fund's assets will be invested in shares of companies listed in Europe, excluding the UK. 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. The fund manager may invest in large, medium and smaller sized companies across all industry sectors although it is expected that there will be a bias towards medium sized companies, which the fund manager considers to be of a market value of between £2 billion and £15 billion. The exposure to different sized companies may change over time according to economic and stock market conditions. The fund may also hold other investments such as companies in other geographical jurisdictions such as the UK and the USA, 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).
Fund Manager
Russell joined Premier Miton in August 2021. He was previously at RWC Partners where he was the co-fund manager of the RWC European Equity Fund and the RWC Continental European Equity Fund from December 2017 until March 2021. Prior to that he was an analyst and manager of European equity funds at Penasto Capital from 2008 to 2017. Russell started his career as a research analyst at Fidelity International covering European technology companies.
Thomas Brown joined Premier Miton in November 2015. Previously he worked with Carlos Moreno at Thames River Capital where he was Fund Manager on the Pan-European equities team. Prior to joining Premier Miton, Thomas worked at Mitsubishi UFJ Asset Management (UK) where he co-managed the European Value & Momentum Fund from April 2014 until November 2015. Thomas also worked for the British Steel Pension Fund for seven years and has held other investment positions including with Scoggin Capital.
Carlos Moreno joined Premier Miton in August 2015. He was previously Fund Manager at JO Hambro Capital Management Group where he co-managed the JO Hambro All Europe Dynamic Growth Fund from March 2011 until January 2015. Prior to this, he worked as Portfolio Manager at Thames River
Fund Overview
| Mid (02/05/2024) | 308.80p |
| Historic yield | 0.06% |
| Fund size (31/01/2024) | £1261.68m |
| Number of holdings | 54 |
| Entry Charge | 7.00% |
| Ongoing Charges | 0.82% |
| Launch date | 14/12/2015 |
Asset Allocation
| International Equities | 96.15% | |
| UK Equities | 2.74% | |
| International Bonds | 0.79% | |
| Cash and Equivalents | 0.32% |
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 | 96.15% | |
| UK Equities | 2.74% | |
| International Bonds | 0.79% | |
| Cash and Equivalents | 0.32% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 26.33% | - | - | - | |
| Technology | - | 26.33% | - | - | |
| Technology Hardware & Equipment | - | - | 14.00% | - | |
| Semiconductors | - | - | - | 8.78% | |
| Production Technology Equipment | - | - | - | 5.22% | |
| Software & Computer Services | - | - | 12.33% | - | |
| Software | - | - | - | 6.06% | |
| Consumer Digital Services | - | - | - | 4.65% | |
| Computer Services | - | - | - | 1.62% | |
| Industrials | 25.95% | - | - | - | |
| Industrial Goods & Services | - | 16.86% | - | - | |
| Industrial Engineering | - | - | 7.53% | - | |
| Machinery: Specialty | - | - | - | 2.91% | |
| Machinery: Construction & Handling | - | - | - | 2.50% | |
| Machinery: Industrial | - | - | - | 2.13% | |
| Electronic & Electrical Equipment | - | - | 2.86% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.86% | |
| General Industrials | - | - | 2.78% | - | |
| Diversified Industrials | - | - | - | 2.78% | |
| Industrial Support Services | - | - | 2.16% | - | |
| Professional Business Support Services | - | - | - | 2.16% | |
| Aerospace & Defence | - | - | 1.53% | - | |
| Aerospace | - | - | - | 1.53% | |
| Construction & Materials | - | 9.09% | - | - | |
| Construction & Materials | - | - | 9.09% | - | |
| Building: Climate Control | - | - | - | 4.38% | |
| Building Materials: Other | - | - | - | 3.46% | |
| Engineering & Contracting Services | - | - | - | 1.26% | |
| Health Care | 24.25% | - | - | - | |
| Health Care | - | 24.25% | - | - | |
| Medical Equipment & Services | - | - | 15.80% | - | |
| Medical Supplies | - | - | - | 10.56% | |
| Medical Equipment | - | - | - | 5.25% | |
| Pharmaceuticals & Biotechnology | - | - | 8.45% | - | |
| Biotechnology | - | - | - | 6.28% | |
| Pharmaceuticals | - | - | - | 2.17% | |
| Financials | 14.47% | - | - | - | |
| Financial Services | - | 10.23% | - | - | |
| Investment Banking & Brokerage Services | - | - | 7.48% | - | |
| Investment Services | - | - | - | 2.94% | |
| Asset Managers & Custodians | - | - | - | 2.77% | |
| Diversified Financial Services | - | - | - | 1.78% | |
| Finance & Credit Services | - | - | 2.74% | - | |
| Financial Data & Systems | - | - | - | 2.74% | |
| Banks | - | 4.24% | - | - | |
| Banks | - | - | 4.24% | - | |
| Banks | - | - | - | 4.24% | |
| Consumer Discretionary | 6.55% | - | - | - | |
| Automobiles & Parts | - | 3.40% | - | - | |
| Automobiles & Parts | - | - | 3.40% | - | |
| Automobiles | - | - | - | 3.40% | |
| Consumer Products & Services | - | 3.15% | - | - | |
| Personal Goods | - | - | 2.81% | - | |
| Clothing & Accessories | - | - | - | 2.81% | |
| Leisure Goods | - | - | 0.34% | - | |
| Recreational Products | - | - | - | 0.34% | |
| Energy | 1.23% | - | - | - | |
| Energy | - | 1.23% | - | - | |
| Renewable Energy | - | - | 1.23% | - | |
| Renewable Energy Equipment | - | - | - | 1.23% | |
| Bonds | 0.79% | - | - | - | |
| Cash and Equivalents | 0.32% | - | - | - | |
| Consumer Staples | 0.12% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 0.12% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 0.12% | - | |
| Drug Retailers | - | - | - | 0.12% | |
Regional Allocation
| Developed Europe - Excl UK | 96.94% | |
| UK | 2.74% | |
| Cash and Equivalents | 0.32% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.89% | |
| Norwegian Krone | 0.79% | |
| Cash | 0.32% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 96.94% | - | |
Switzerland
|
- | 18.60% | |
Sweden
|
- | 18.00% | |
Netherlands
|
- | 17.85% | |
Norway
|
- | 8.99% | |
Italy
|
- | 8.30% | |
Germany
|
- | 7.44% | |
France
|
- | 6.34% | |
Belgium
|
- | 3.48% | |
Denmark
|
- | 3.01% | |
Ireland
|
- | 1.80% | |
Spain
|
- | 1.62% | |
Iceland
|
- | 1.50% | |
| UK | 2.74% | - | |
United Kingdom
|
- | 2.74% | |
| Cash and Equivalents | 0.32% | - | |
Breakdown By Market Cap (%)
| Mega |
|
14.66% |
| Large |
|
17.93% |
| Medium |
|
38.26% |
| Small |
|
8.35% |
| Micro |
|
4.11% |
| Non-Classified |
|
15.58% |
| Bonds |
|
0.79% |
| Cash |
|
0.32% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SOITEC | 3.83% | Technology Hardware & Equipment | France |
| 2 | FERRARI NV | 3.40% | Automobiles & Parts | Netherlands |
| 3 | ASML HOLDING N.V. | 3.38% | Technology Hardware & Equipment | Netherlands |
| 4 | YPSOMED HOLDING AG | 3.02% | Medical Equipment & Services | Switzerland |
| 5 | QIAGEN N.V. | 3.01% | Medical Equipment & Services | Netherlands |
| 6 | BRUNELLO CUCINELLI S.P.A. | 2.81% | Personal Goods | Italy |
| 7 | KONGSBERG GRUPPEN ASA | 2.78% | General Industrials | Norway |
| 8 | VZ HLDG AG | 2.77% | Investment Banking & Brokerage Services | Switzerland |
| 9 | BIOGAIA AB | 2.75% | Pharmaceuticals & Biotechnology | Sweden |
| 10 | ALLFUNDS GROUP | 2.74% | Finance & Credit Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 26.33% | - | - | - | - | - | - | 26.33% |
| Financials | 2.74% | 11.73% | - | - | - | - | - | - | 14.47% |
| Consumer Discretionary | - | 6.55% | - | - | - | - | - | - | 6.55% |
| Consumer Staples | - | 0.12% | - | 0.79% | - | - | - | - | 0.91% |
| Energy | - | 1.23% | - | - | - | - | - | - | 1.23% |
| Health Care | - | 24.25% | - | - | - | - | - | - | 24.25% |
| Industrials | - | 25.95% | - | - | - | - | - | - | 25.95% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.32% | 0.32% |
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 | BZ2K2M8 |
| Mex Code | - |
| Isin Code | GB00BZ2K2M84 |
| Citi Code | MSED |
Fund Charges
| Entry Charge | 7.00% |
| Ongoing Charges | 0.82% |
Aims and Benchmark
| Aims | To provide total returns, comprised of income and 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. A minimum of 80% of the fund's assets will be invested in shares of companies listed in Europe, excluding the UK. 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. The fund manager may invest in large, medium and smaller sized companies across all industry sectors although it is expected that there will be a bias towards medium sized companies, which the fund manager considers to be of a market value of between £2 billion and £15 billion. The exposure to different sized companies may change over time according to economic and stock market conditions. The fund may also hold other investments such as companies in other geographical jurisdictions such as the UK and the USA, 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). |
| Benchmark | FTSE World Europe ex UK Index, IA Europe Excluding UK Sector |
| Benchmark Category | Comparator |
| IA Sector | Europe Excluding UK |
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 | Biannually |
| Distribution Type | No income |
| Distribution Payment Basis | Gross |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 December | 31 January |
| 01 June | 31 July |
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 | -6.33 |
| Beta | 1.47 |
| Sharpe | -0.01 |
| Standard Deviation | 20.34 |
| Info Ratio | -0.55 |
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.