Morningstar Fund Report  | 17/04/2025Print

Premier Miton US Smaller Companies Fund B Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Premier Miton US Smaller Companies Fund B Accumulation
Fund-3.4-28.85.313.9-11.9
+/-Cat-22.3-16.0-5.20.11.2
+/-B’mrk-20.6-19.3-6.81.0-1.7
 
Category: US Small-Cap Equity
Category Benchmark: Morningstar US Small Extend...
Key Stats
NAV
16/04/2025		 GBX 148.20
Day Change -0.34%
Morningstar Category™ US Small-Cap Equity
IA (formerly IMA) Sector North American Smaller Companies
ISIN GB00BF54H991
Fund Size (Mil)
15/04/2025		 GBP 28.45
Share Class Size (Mil)
15/04/2025		 GBP 14.83
Max Initial Charge -
Ongoing Charge
12/02/2025		  0.97%
Investment Objective: Premier Miton US Smaller Companies Fund B Accumulation
The objective of the Fund is to provide capital growth over the long-term, being five years or more. The Investment Manager aims to achieve the objective of the Fund by investing in an actively managed portfolio with a minimum of 80% of its assets in shares of US smaller companies at the time of purchase.
Returns
Trailing Returns (GBP)16/04/2025
YTD-15.31
3 Years Annualised-3.86
5 Years Annualised4.84
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Alex Knox
30/09/2024
Hugh Grieves
14/03/2018
Inception Date
14/03/2018

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Russell 2000 TR GBPMorningstar US Small Extended NR USD
Portfolio Profile for  Premier Miton US Smaller Companies Fund B Accumulation31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.190.0095.19
Bond0.000.000.00
Property0.000.000.00
Cash7.841.955.89
Other0.001.08-1.08
Top 5 Regions%
United States97.20
Canada2.80
Latin America0.00
United Kingdom0.00
Eurozone0.00
Top 5 Sectors%
Industrials25.56
Healthcare23.07
Technology20.98
Financial Services10.69
Consumer Cyclical9.43
Top 5 HoldingsSector%
Carpenter Technology CorpIndustrialsIndustrials3.22
Enerpac Tool Group Corp Class AIndustrialsIndustrials3.01
ESCO Technologies IncTechnologyTechnology2.81
Palomar Holdings IncFinancial ServicesFinancial Services2.80
Lantheus Holdings IncHealthcareHealthcare2.76
Increase Decrease New since last portfolio
Premier Miton US Smaller Companies Fund B Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Premier Miton US Smaller Companies Fund B Accumulation
Category:  US Small-Cap Equity
Category Index:  Morningstar US Small Extended NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 20192020202120222023202431/03
Price Return23.6966.97-3.41-28.795.3513.86-11.89
+/- Category2.4543.45-22.27-16.03-5.150.101.18
+/- Category Index---20.58-19.30-6.811.02-1.67
% Rank in Category3059794903844
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.34   -0.280.17
1 Week7.16   6.333.91
1 Month-4.08   3.655.37
3 Months-20.02   1.611.51
6 Months-12.05   3.152.75
YTD-15.31   3.222.91
1 Year-5.48   5.452.30
3 Years Annualised-3.86   -3.29-3.47
5 Years Annualised4.84   -5.35-6.05
10 Years Annualised-   --
 
Category: US Small-Cap Equity
Category Index: Morningstar US Small Extended NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-11.89---
20247.81-4.351.648.63
20231.370.41-5.669.71
2022-14.69-14.249.47-11.09
2021-1.767.15-5.15-3.26
2020-11.0338.538.8624.45
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearLowAbove Average1 star
10-Year--Not Rated
OverallLowAverage1 star
 
Category :  US Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev18.72 %
3-Yr Mean Return-2.44 %
 
3-Yr Sharpe Ratio-0.35
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US Small Extended NR USD  Morningstar US Small Extended NR USD
3-Yr Beta0.850.85
3-Yr Alpha-6.77-6.77
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 2814-
Market Capitalisation% of Equity
Giant0.00
Large0.00
Medium5.54
Small62.63
Micro31.83
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings20.021.23
Price/Book2.641.19
Price/Sales1.831.25
Price/Cash Flow12.181.15
Dividend-Yield Factor0.390.33
 
Long-Term Projected Earnings Growth17.551.80
Historical Earnings Growth19.233.11
Sales Growth7.831.35
Cash-Flow Growth17.914.78
Book-Value Growth12.501.74
 
Category: US Small-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock95.190.0095.19
Bond0.000.000.00
Property0.000.000.00
Cash7.841.955.89
Other0.001.08-1.08
World Regions31/03/2025
 % of EquityRelative to Category
United States97.201.01
Canada2.801.54
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Small-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.491.18
Consumer CyclicalConsumer Cyclical9.430.79
Financial ServicesFinancial Services10.690.68
Real EstateReal Estate2.360.50
Consumer DefensiveConsumer Defensive3.420.92
HealthcareHealthcare23.071.62
IndustrialsIndustrials25.561.22
TechnologyTechnology20.981.31
 
Category: US Small-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings60
Total Number of Bond Holdings0
Assets in Top 10 Holdings26.32
NameSectorCountry% of Assets
Carpenter Technology Corp310United States3.22
Enerpac Tool Group Corp Class A310United States3.01
ESCO Technologies Inc311United States2.81
Palomar Holdings Inc103United States2.80
Lantheus Holdings Inc206United States2.76
Kinsale Capital Group Inc103United States2.61
HealthEquity Inc206United States2.51
Graphic Packaging Holding Co102United States2.33
Astrana Health Inc206United States2.17
OSI Systems Inc311United States2.10
 
Increase Decrease New since last portfolio
Category: US Small-Cap Equity
 
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 Date14/03/2018
Fund Advisor(s)
Premier Fund Managers Limited
Fund ManagerAlex Knox
Manager Start Date30/09/2024
 
Biography
Alex Knox joined Premier Miton in August 2024 from Federated Hermes where she worked for 15 years as a manager of the US SMID Equity fund from August 2009 to July 2024. Prior to this she was a fund manager in the Aviva Investors UK Small and Mid-Cap team (2000-2005). Alex is a Chartered Accountant.
Fund ManagerHugh Grieves
Manager Start Date14/03/2018
Education
Bristol University, B.A./B.S.
 
Biography
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.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.97%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes