Premier Miton Multi-Asset Monthly Income

The Premier Multi-Asset Monthly Income fund is a multi-asset, multi-manager, multi-structure, designed to produce a high and sustainable income, and strong absolute and relative growth, through robust risk management. Manager David Hambidge has 25 years’ experience with Premier and has built up an impressive reputation and track record.

Previously Premier Multi-Asset Monthly Income

Our opinion

David and the team have a demonstrable capability for producing excellent results. This fund delivers a high yield, with the added bonus that it is paid monthly. It may appeal to investors seeking a well-diversified and regular source of income.

Fund manager

The Premier team is led by investment director, David Hambidge, who has more than 25 years of multi-manager and multi-asset investment experience. He has been the manager of Premier’s multi-asset style funds, which now top £1 billion, since 1995.

The fund team also includes fund managers Ian Rees, David Thornton, Nick Kelsall and Mark Rimmer.

Diversification has been the key to our success; not only do we have numerous eggs, we also have many baskets.

David HambidgeFund manager

Investment process

Premier Multi-Asset Monthly Income fund is designed to produce an attractive level of income which should grow over time. The focus is on delivering the right investment outcome for the fund by controlling the risk/return profile, which the team do by taking a true multi-asset approach. They use a broad range of assets, investments, managers and funds. The fund is a constituent of the IA Mixed Investment 20%–60% Shares sector and, as such, has a maximum 60% equity exposure (including convertibles). The team would expect to hold a minimum of 30% in a combination of cash and bonds. Each core holding typically makes up between 3% and 5% of the portfolio and satellite positions each accounting for between 1% and 3%. In terms of the bond holdings within the fund, a minimum of 50% must be held in investment grade or equivalent, with high yield capped at 50%.

ESG

ESG - Integrated
ESG considerations are embedded into the process through a number of initiatives, such as the firm’s environmental committee helping the transition to a net-zero carbon economy and participation in the climate change disclosure initiative.

At the multi-asset level, all the teams engage with the firms’ head of responsible investing – with 100% of the firms’ underlying holdings now signed up to the UN supported Principles of Responsible Investing (PRI).

The team incorporates ESG considerations into broad asset allocation decisions, evaluating areas of growth, as well as those facing challenges in the transition to a low carbon economy. All ESG elements are considered individually in the research analysis for every recommendation. The team actively allocates investment opportunities linked to sustainability in delivering performance consistent with a mandated objective.

Risk

Every asset can be risky in isolation and the team believe the best way of controlling risk is to diversify. Premier Multi-Asset Monthly Income will aim to provide equity-like returns with less volatility through a multi-asset, multi-manager, multi-structure in a diversified and actively managed portfolio.

See more

Read more about this fund

The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund nor of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating. All performance data, as well as fund size, OCF, AMC, annual income (historic), share price discount or premium, is sourced directly from FE Analytics, and will change periodically.