Morningstar Fund Report  | 14/04/2025Print

Premier Miton Multi-Asset Absolute Return C income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Premier Miton Multi-Asset Absolute Return C income
Fund5.3-3.53.73.64.0
+/-Cat0.2-4.8-0.6-3.82.4
+/-B’mrk5.69.8-2.30.23.4
 
Category: Multistrategy GBP
Category Benchmark: Morningstar UK Cau Tgt Allo...
Key Stats
NAV
11/04/2025		 GBX 133.20
Day Change -0.15%
Morningstar Category™ Multistrategy GBP
IA (formerly IMA) Sector Targeted Absolute Return
ISIN GB00B5NH9K57
Fund Size (Mil)
11/04/2025		 GBP 44.93
Share Class Size (Mil)
11/04/2025		 GBP 3.24
Max Initial Charge -
Ongoing Charge
01/04/2025		  0.94%
Investment Objective: Premier Miton Multi-Asset Absolute Return C income
The objective of the Fund is to provide positive returns, in all market conditions and in excess of returns from the Bank of England Base rate, net of fees, over rolling three year periods. Three 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 Investment Adviser aims to achieve the Fund’s objective by investing in a globally diversified lower risk portfolio of investments covering different asset classes. This will include investments in equities, as well as in fixed income, alternative investments, deposits, cash and near cash.
Returns
Trailing Returns (GBP)11/04/2025
YTD2.38
3 Years Annualised2.01
5 Years Annualised4.27
10 Years Annualised2.19
12 Month Yield 2.45
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
David Thornton
01/10/2011
Ian Rees
01/12/2009
Inception Date
10/11/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Bank of England Base RateMorningstar UK Cau Tgt Alloc NR GBP
Portfolio Profile for  Premier Miton Multi-Asset Absolute Return C income31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock11.731.3110.42
Bond37.440.9336.50
Property0.000.000.00
Cash34.0615.7118.35
Other34.660.1634.50
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United Kingdom88.88
United States8.10
Eurozone1.51
Asia - Developed0.33
Africa0.25
Top 5 Sectors%
Real Estate91.59
Industrials2.03
Financial Services1.56
Consumer Cyclical1.25
Technology0.92
Top 5 HoldingsSector%
Ejf Investments Ltd 0%5.28
Citigroup Global Markets Europe ... 4.78
Credit Agricole Corporate and In... 4.65
Assura PLCReal EstateReal Estate4.53
Harmony Energy Income Trust Ord3.83
Increase Decrease New since last portfolio
Premier Miton Multi-Asset Absolute Return C income
Growth Of 1000 (GBP) 31/03/2025
Fund:  Premier Miton Multi-Asset Absolute Return C income
Category:  Multistrategy GBP
Category Index:  Morningstar UK Cau Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-3.545.942.155.34-3.453.703.634.00
+/- Category1.412.435.530.23-4.76-0.57-3.802.44
+/- Category Index---3.425.659.80-2.270.163.36
% Rank in Category5120674064587915
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.15   0.180.00
1 Week-1.26   0.34-0.16
1 Month-0.37   1.750.18
3 Months3.02   3.702.64
6 Months3.26   3.433.59
YTD2.38   2.982.77
1 Year6.68   4.182.99
3 Years Annualised2.01   -1.581.65
5 Years Annualised4.27   -1.244.56
10 Years Annualised2.19   0.290.68
 
Category: Multistrategy GBP
Category Index: Morningstar UK Cau Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20254.00---
2024-0.391.262.560.17
2023-0.39-0.370.164.32
20220.00-2.89-4.143.71
20211.931.280.621.41
2020-8.285.560.115.39
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageAverage3 star
10-YearAbove AverageAverage4 star
Overall*Above AverageAverage4 star
 
Category :  Multistrategy GBPClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev4.93 %
3-Yr Mean Return2.68 %
 
3-Yr Sharpe Ratio-0.28
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Cau Tgt Alloc NR GBP  Morningstar DM Eur Real Est NR EUR
3-Yr Beta0.530.17
3-Yr Alpha0.600.50
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 1129-
Market Capitalisation% of Equity
Giant0.00
Large0.13
Medium0.54
Small94.97
Micro4.35
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.090.78
Price/Book0.910.48
Price/Sales3.281.63
Price/Cash Flow11.711.19
Dividend-Yield Factor6.932.38
 
Long-Term Projected Earnings Growth6.790.52
Historical Earnings Growth-4.09-1.29
Sales Growth-0.830.89
Cash-Flow Growth5.481.20
Book-Value Growth-3.21-0.92
 
Category: Multistrategy GBP
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 46
Maturity Distribution %
1 to 326.37
3 to 527.29
5 to 79.22
7 to 1012.76
10 to 153.09
15 to 200.97
20 to 303.29
Over 303.82
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: Multistrategy GBP
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock11.731.3110.42
Bond37.440.9336.50
Property0.000.000.00
Cash34.0615.7118.35
Other34.660.1634.50
World Regions31/03/2025
 % of EquityRelative to Category
United States8.100.17
Canada0.130.07
Latin America0.060.04
United Kingdom88.884.08
Eurozone1.510.12
Europe - ex Euro0.150.03
Europe - Emerging0.000.00
Africa0.250.92
Middle East0.181.35
Japan0.050.02
Australasia0.130.05
Asia - Developed0.330.11
Asia - Emerging0.230.09
 
Category: Multistrategy GBP
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.860.18
Consumer CyclicalConsumer Cyclical1.250.24
Financial ServicesFinancial Services1.560.12
Real EstateReal Estate91.594.67
Consumer DefensiveConsumer Defensive0.670.22
HealthcareHealthcare0.130.02
UtilitiesUtilities0.000.00
Communication ServicesCommunication Services0.810.21
EnergyEnergy0.180.06
IndustrialsIndustrials2.030.14
TechnologyTechnology0.920.08
 
Category: Multistrategy GBP
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings4
Total Number of Bond Holdings2
Assets in Top 10 Holdings39.98
NameSectorCountry% of Assets
Ejf Investments Ltd 0%United Kingdom5.28
Citigroup Global Markets Europe AG 0%Germany4.78
Credit Agricole Corporate and Investm... France4.65
Assura PLC104United Kingdom4.53
Harmony Energy Income Trust OrdUnited Kingdom3.83
MontLake DUNN WMA Inst UCITS GBP Inst BIreland3.48
Atlantic House Uncrltd Strats Z GBPH IncIreland3.47
Fulcrum Equity Dispersion I GBP AccLuxembourg3.43
Amundi UK Govt Bd ETF DistLuxembourg3.34
Amundi US Treasury 3-7Y ETF GBP H DistLuxembourg3.19
 
Increase Decrease New since last portfolio
Category: Multistrategy GBP
 
Management
Name of CompanyPremier Portfolio Managers Limited
Phone0207 982 2703
Websitewww.premierfunds.co.uk/
AddressPremier Portfolio Managers Limited
 Guildford   GU1 3DE
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date10/11/2010
Fund Advisor(s)
Premier Fund Managers Limited
Fund ManagerDavid Thornton
Manager Start Date01/10/2011
Career Start Year2004
Education
University of Bristol, B.E.
 
Biography
David Thornton joined Premier Miton in May 2006 and is co-manager of the range of multi-asset multi-manager funds, with specific research responsibilities for the fixed interest, European equity, property and absolute return sectors. Previously, David worked for several years as an Investment Analyst before becoming an investment manager in 2004, with responsibility for five discretionary multi-manager portfolios.
Fund ManagerIan Rees
Manager Start Date01/12/2009
Career Start Year2000
 
Biography
Ian Rees joined Premier Miton in September 2000 and has worked within the multi-asset team since April 2005. Ian was formerly a research analyst for closed end funds, global equities and the infrastructure sector. Funds responsible for: Premier Miton Multi-Asset Absolute Return Fund, Premier Miton Multi-Asset Distribution Fund, Premier Miton Multi-Asset Monthly Income Fund, Premier Miton Multi-Asset Global Growth Fund, Premier Miton Liberation No. IV Fund, Premier Miton Liberation No. V Fund, Premier Miton Liberation No.VI Fund, Premier Miton Liberation
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.60%
Ongoing Charge0.94%
Purchase Details
Minimum Investments
Initial250000  GBP
Additional25000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes