Premier Miton Premier Miton Cautious Monthly Income Class B Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/11/20
to
30/11/21		 30/11/21
to
30/11/22		 30/11/22
to
30/11/23		 30/11/23
to
30/11/24		 30/11/24
to
30/11/25
Fund 11.2% -2.4% 0.8% 12.2% 16.6%
Sector 7.9% -7.5% 1.9% 11.3% 8.6%
Rank 24/157 18/163 135/171 67/185 6/191
Quartile 1 1 4 2 1

Annualised performance

Annualised
3 Years to
30/11/25		 5 Years to
30/11/25		 10 Years to
30/11/25
Fund 9.7% 7.4% 6.2%
Sector 7.2% 4.2% 4.5%
Rank 11/171 5/157 9/111
Quartile 1 1 1

Top 10 Holdings

Stock % Weight
AVIVA 1.09
WOODSIDE ENERGY GROUP LTD 0.98
PHOENIX GROUP HOLDINGS 0.97
EQUINOR ASA 0.96
ROYAL BANK OF SCOTLAND GROUP 0.95
BROADCOM 0.93
SEA LIMITED 0.92
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.91
JPMORGAN CHASE & CO 0.91
BRITISH AMERICAN TOBACCO P.L.C. 0.90
Total 9.51

Fund Aims

The objective of the fund is to achieve income and capital growth, over the long term, being five years or more. Five years is also the minimum recommended term for holding units 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 Investment Manager aims to achieve the objective of the fund by investing in a diversified portfolio of global investments covering different assets, which will include equities (company shares), fixed income (including bonds issued by governments and companies), cash and cash deposits. Exposure to investments in property and commodities will be indirect, for example through property company shares and exchange traded funds. The Investment Manager will assess the broad economic environment, focusing on areas such as economic growth, inflation expectations and the outlook for interest rates, to determine the attractiveness of the asset classes in which the fund can invest. The Investment Manager will maintain exposure to a broad spread of underlying assets, although the combined holdings in equities and fixed income will make up the largest part of the fund. In order to create a diversified portfolio, the Investment Manager will usually maintain a portfolio of at least 100 individual 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). Income generated from investments will be distributed monthly by way of dividend distributions.

Fund Manager

Anthony Rayner manager for 11 years

Photo of Anthony Rayner Anthony Rayner joined Premier Miton in June 2014. Before joining Premier Miton, Anthony worked for Darwin Investment Managers, analysing portfolio construction and risk for the Darwin Multi Asset Fund alongside David Jane. Prior to this, he worked for M&G, focusing on portfolio construction and risk for UK equity funds and then for the multi asset fund range. Previously, he was a member of the Asset Allocation and Economics team at Merrill Lynch Investment Managers

David Jane manager for 14 years and 6 months

Photo of David Jane David Jane joined Premier Miton in June 2014. He founded Darwin Investment Managers in September 2010 and prior to that he was Head of Equities Investments at M&G. David joined M&G in December 2000 as a Fund Manager in the global specialist equity team before becoming Head of Equities investments. Whilst there he was portfolio manager of the M&G Managed Fund and the M&G Cautious Multi Asset Fund, which he launched in February 2007 and grew to over £300 million during his tenure. Prior to M&G, David was the Head of Global Financials Research at AXA Investment Management and before that he was at Newton Investment Management as Director of Global Financials Research. He also served as Non-Executive Director of M&G High Income Investment Trust plc from October 2002 to July 2010.

Fund Overview

Bid (08/12/2025) 230.80p
Offer (08/12/2025) 231.40p
Historic yield 4.82%
Fund size (31/08/2025) £209.51m
Number of holdings 190
Entry Charge 0.00%
Ongoing Charges 0.86%
Launch date 18/10/2012

Asset Allocation

pie chart
  International Equities 45.76%
  International Bonds 22.24%
  UK Corporate Bonds 15.02%
  UK Equities 10.56%
  Commodities 3.70%
  Cash and Equivalents 2.27%
  Property 0.22%
  Investment Trusts 0.22%
Portfolio data accurate as at: 31/08/25

Important Information

Source of portfolio data: Broadridge. 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 investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 45.76%
  International Bonds 22.24%
  UK Corporate Bonds 15.02%
  UK Equities 10.56%
  Commodities 3.70%
  Cash and Equivalents 2.27%
  Property 0.22%
  Investment Trusts 0.22%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Bonds 37.27% - - -
 
 Financials 13.91% - - -
 
 Banks - 7.73% - -
 
 Banks - - 7.73% -
 
 Banks - - - 7.73%
 
 Insurance - 3.52% - -
 
 Life Insurance - - 2.06% -
 
 Life Insurance - - - 2.06%
 
 Non-life Insurance - - 1.46% -
 
 Full Line Insurance - - - 0.97%
 
 Property & Casualty Insurance - - - 0.49%
 
 Financial Services - 2.66% - -
 
 Investment Banking & Brokerage Services - - 1.11% -
 
 Investment Services - - - 1.11%
 
 Mortgage Real Estate Investment Trusts - - 0.82% -
 
 Mortgage REITs: Residential - - - 0.82%
 
 Finance & Credit Services - - 0.51% -
 
 Consumer Lending - - - 0.51%
 
 Equity Investment Instruments - - 0.22% -
 
 Equity Investment Instruments - - - 0.22%
 
 Industrials 13.50% - - -
 
 Industrial Goods & Services - 10.75% - -
 
 Aerospace & Defence - - 3.67% -
 
 Aerospace - - - 2.64%
 
 Defense - - - 1.03%
 
 General Industrials - - 2.56% -
 
 Diversified Industrials - - - 2.56%
 
 Industrial Support Services - - 1.58% -
 
 Transaction Processing Services - - - 1.58%
 
 Industrial Engineering - - 1.19% -
 
 Machinery: Industrial - - - 0.63%
 
 Machinery: Agricultural - - - 0.56%
 
 Industrial Transportation - - 1.12% -
 
 Commercial Vehicle-Equipment Leasing - - - 0.75%
 
 Marine Transportation - - - 0.37%
 
 Electronic & Electrical Equipment - - 0.61% -
 
 Electrical Components - - - 0.61%
 
 Construction & Materials - 2.75% - -
 
 Construction & Materials - - 2.75% -
 
 Construction - - - 2.12%
 
 Building Materials: Other - - - 0.62%
 
 Energy 7.74% - - -
 
 Energy - 7.74% - -
 
 Non-Renewable Energy - - 7.74% -
 
 Integrated Oil & Gas - - - 2.35%
 
 Oil Refining and Marketing - - - 2.21%
 
 Pipelines - - - 1.63%
 
 Oil: Crude Producers - - - 0.98%
 
 Coal - - - 0.57%
 
 Technology 7.17% - - -
 
 Technology - 7.17% - -
 
 Software & Computer Services - - 4.29% -
 
 Consumer Digital Services - - - 2.29%
 
 Computer Services - - - 1.15%
 
 Software - - - 0.85%
 
 Technology Hardware & Equipment - - 2.88% -
 
 Semiconductors - - - 1.84%
 
 Electronic Components - - - 1.04%
 
 Consumer Discretionary 4.09% - - -
 
 Automobiles & Parts - 1.34% - -
 
 Automobiles & Parts - - 1.34% -
 
 Automobiles - - - 1.34%
 
 Retail - 1.28% - -
 
 Retailers - - 1.28% -
 
 Diversified Retailers - - - 1.28%
 
 Media - 0.74% - -
 
 Media - - 0.74% -
 
 Entertainment - - - 0.74%
 
 Consumer Products & Services - 0.74% - -
 
 Consumer Services - - 0.39% -
 
 Consumer Services: Misc. - - - 0.39%
 
 Leisure Goods - - 0.35% -
 
 Toys - - - 0.35%
 
 Commodities 3.70% - - -
 
 Commodities - 3.70% - -
 
 Commodities - - 3.70% -
 
 Commodities - - - 3.70%
 
 Telecommunications 3.55% - - -
 
 Telecommunications - 3.55% - -
 
 Telecommunications Equipment - - 1.99% -
 
 Telecommunications Equipment - - - 1.99%
 
 Telecommunications Service Providers - - 1.56% -
 
 Telecommunications Services - - - 1.56%
 
 Consumer Staples 2.56% - - -
 
 Food, Beverage & Tobacco - 2.56% - -
 
 Tobacco - - 2.56% -
 
 Tobacco - - - 2.56%
 
 Cash and Equivalents 2.27% - - -
 
 Basic Materials 1.10% - - -
 
 Basic Resources - 1.10% - -
 
 Precious Metals & Mining - - 1.10% -
 
 Gold Mining - - - 0.84%
 
 Platinum & Precious Metals - - - 0.26%
 
 Utilities 1.09% - - -
 
 Utilities - 1.09% - -
 
 Electricity - - 1.09% -
 
 Conventional Electricity - - - 1.09%
 
 Real Estate 0.76% - - -
 
 Real Estate - 0.76% - -
 
 Real Estate Investment & Services - - 0.53% -
 
 Real Estate Services - - - 0.53%
 
 Real Estate Investment Trusts - - 0.22% -
 
 Retail REITs - - - 0.22%
 
 Health Care 0.75% - - -
 
 Health Care - 0.75% - -
 
 Medical Equipment & Services - - 0.75% -
 
 Medical Equipment - - - 0.75%
 
 Non-Classified 0.55% - - -

Regional Allocation

pie chart
  UK 25.59%
  North America 25.00%
  Developed Europe - Excl UK 21.52%
  Emerging Asia 8.53%
  Japan 4.32%
  Commodities 3.70%
  Middle East & Africa 3.16%
  Cash and Equivalents 2.27%
  Emerging Europe 1.60%
  Other Regions 4.32%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 60.46%
  Pound Sterling 18.00%
  US Dollar 14.47%
  Euro 3.46%
  Cash 2.27%
  Rand 0.77%
  Mexican Peso 0.57%

Regional Breakdown

Expand allCollapse all
Region Country
 
 UK 25.59% -
 
 United Kingdom - 25.59%
 
 North America 25.00% -
 
 United States - 21.53%
 
 Canada - 3.48%
 
 Developed Europe - Excl UK 21.52% -
 
 France - 8.10%
 
 Spain - 3.97%
 
 Italy - 2.63%
 
 Germany - 2.10%
 
 Netherlands - 1.17%
 
 Switzerland - 1.00%
 
 Norway - 0.96%
 
 Austria - 0.70%
 
 Ireland - 0.51%
 
 Luxembourg - 0.39%
 
 Emerging Asia 8.53% -
 
 China - 4.70%
 
 South Korea - 2.74%
 
 Taiwan - 0.91%
 
 Indonesia - 0.18%
 
 Japan 4.32% -
 
 Japan - 4.32%
 
 Commodities 3.70% -
 
 Middle East & Africa 3.16% -
 
 South Africa - 3.16%
 
 Cash and Equivalents 2.27% -
 
 Emerging Europe 1.60% -
 
 Poland - 1.33%
 
 Greece - 0.27%
 
 Australia & New Zealand 1.54% -
 
 Australia - 1.54%
 
 Developed Asia 1.17% -
 
 Singapore - 0.66%
 
 Hong Kong - 0.51%
 
 South & Central America 0.84% -
 
 Mexico - 0.84%
 
 Non-Classified 0.55% -
 
 Property 0.22% -

Breakdown By Market Cap (%)

Mega
 
 
23.45%
Large
 
 
15.35%
Medium
 
 
9.22%
Small
 
 
0.80%
Micro
 
 
0.75%
Non-Classified
 
 
10.88%
Bonds
 
 
37.27%
Cash
 
 
2.27%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
5.09%
5Yr - 10Yr Maturity
 
 
12.64%
10Yr - 15Yr Maturity
 
 
0.18%
> 15Yr Maturity
 
 
19.35%
Cash And Equivalents
 
 
2.27%
Unknown Maturity
 
 
3.70%
Other Asset Types
 
 
56.76%

Fixed Interest Quality Profile

AA
 
 
0.18%
A
 
 
2.47%
BBB
 
 
12.54%
Sub-Investment Grade
 
 
12.41%
Unknown Quality
 
 
9.66%
Cash and Equivalents
 
 
2.27%
Other Asset Types
 
 
60.46%

Top 10 Holdings

Stock % Weight Sector Country
1 AVIVA 1.09% Life Insurance United Kingdom
2 WOODSIDE ENERGY GROUP LTD 0.98% Non-Renewable Energy Australia
3 PHOENIX GROUP HOLDINGS 0.97% Life Insurance United Kingdom
4 EQUINOR ASA 0.96% Non-Renewable Energy Norway
5 ROYAL BANK OF SCOTLAND GROUP 0.95% Banks United Kingdom
6 BROADCOM 0.93% Technology Hardware & Equipment United States
7 SEA LIMITED 0.92% Software & Computer Services United States
8 TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.91% Technology Hardware & Equipment Taiwan
9 JPMORGAN CHASE & CO 0.91% Banks United States
10 BRITISH AMERICAN TOBACCO P.L.C. 0.90% Tobacco United Kingdom

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 B7T1347
Mex Code 8TSAEM
Isin Code GB00B7T13474
Citi Code GOZQ

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.86%

Aims and Benchmark

Aims The objective of the fund is to achieve income and capital growth, over the long term, being five years or more. Five years is also the minimum recommended term for holding units 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 Investment Manager aims to achieve the objective of the fund by investing in a diversified portfolio of global investments covering different assets, which will include equities (company shares), fixed income (including bonds issued by governments and companies), cash and cash deposits. Exposure to investments in property and commodities will be indirect, for example through property company shares and exchange traded funds. The Investment Manager will assess the broad economic environment, focusing on areas such as economic growth, inflation expectations and the outlook for interest rates, to determine the attractiveness of the asset classes in which the fund can invest. The Investment Manager will maintain exposure to a broad spread of underlying assets, although the combined holdings in equities and fixed income will make up the largest part of the fund. In order to create a diversified portfolio, the Investment Manager will usually maintain a portfolio of at least 100 individual 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). Income generated from investments will be distributed monthly by way of dividend distributions.
Benchmark IA Mixed Investment 20–60% Shares Sector
Benchmark Category Comparator
IA Sector Mixed Investment 20-60% Shares

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type Unit Trust
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Monthly
Distribution Type No income
Distribution Payment Basis Gross

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 January 31 January
01 February 28 February
01 March 31 March
01 April 29 April
01 May 31 May
01 June 30 June
01 July 31 July
01 August 31 August
01 September 30 September
01 October 28 October
01 November 30 November
01 December 31 December

Ratings

FE Crown Crown Rating of 5

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository Northern Trust Investor Services Limited
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 -
Email 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.