Fact sheet: Premier Multi-Asset Growth & Income

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
MIXED ASSET 61-100% EQUITY
Sector
UT Mixed Investment 40-85% Shares
Fund type
OEIC
Primary aim
GROWTH & INCOME
Why Money Observer Rates Premier Multi-Asset Growth & Income

Rated Fund 2015-2018. Targets growth and a modest yield

Premier has made multi-asset funds one of its key specialities. This fund is one of a six-strong range that uses a multi-manager as well as a multi-asset approach. The funds are all run by David Hambidge and his team. The name of this fund was previously Premier Multi Asset Income & Growth but it was changed to its present title to underline the fact that while it does aim to provide a moderate, yet growing, income stream, its emphasis is on providing the potential for long-term capital growth. Its yield is a modest 2 per cent and its ongoing charges are 1.6 per cent.Hambidge's investment process starts with a top-down look at the world in order to assess macroeconomic conditions. The team will then set the fund's target positions and consider asset valuations and the best funds to meet their requirements. Investment trusts as well as open-ended investment funds are both used to good effect in the portfolio. The managers typically meet around 350 fund managers each year, which Hambidge believes is vital in choosing the right spread of funds and adding value. They look for investment managers who can demonstrate long-term outperformance using a well-defined and repeatable investment process.One of their main methods of adding value is by adopting a contrarian approach, taking profits from investments that have done well and reallocating the proceeds to areas that have been underperforming but have better prospects ahead. However, new funds also need to blend with existing holdings. The fund currently contains around 50 external funds.<\p>

3 Year Performance
Fund Performance30.7%
Average of Rated Funds Group34.8%
Sector Performance22.2%
Fund information
Fund name
Premier Multi-Asset Growth & Income C Inc
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund managers
  • David Thorntonsince 01/10/2012
  • Ian Reessince 01/04/2010
  • Simon Evan-Cooksince 01/04/2010
  • David Hambidgesince 01/04/2010
Accolades
Fund objective
The Fund aims to grow the value of an original investment over the long term and provide investors an income.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
6.6%
1 Year rank in sector
118/282
Sector
UT Mixed Investment 40-85% Shares
Yield
2.3%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.6%
Fund size
£876m (£551m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
48
Mid price
169.76
Top in this sector
Fund name1 Year
Neptune Balanced16.6%
S&W Acacia15.1%
Rathbone Sussex Growth14.5%
Royal London Sus Wrld Trst13.5%
Premier Diversified12.7%
...more in UT Mixed Investment 40-85% Shares

Performance snapshot

Holdings snapshot

  • Not Specified38.5%
    International37%
    UK19.4%
    Global Emerging Markets3.7%
    Money Market1.4%
  • No data available.
  • International Equities49.4%
    UK Equities19.4%
    Global Fixed Interest11.8%
    Alternative Investment Strategies11.1%
    Global Emerging Market Fixed Interest3.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%3.5%2.4%6.6%30.7%57.7%
Sector4.1%3.6%2.3%6.1%22.2%36.5%
Rank within sector173 / 297167 / 295133 / 289118 / 28227 / 24410 / 222
Quartile3rd3rd2nd2nd1st1st
Calendar performance
 YTD - 20182017201620152014
Fund1%12.4%15.3%7.5%7.7%
Sector0.9%10%13.3%2.2%5%
Rank within sector134 / 29159 / 27682 / 2629 / 23940 / 230
Quartile2nd1st2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.69
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.94
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.7
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
6.96
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.67
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.39
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high172.73
52 week low161.66
Current bid price-
Current offer price-
Current mid price169.76
Region
1Not Specified38.5%
2International37%
3UK19.4%
4Global Emerging Markets3.7%
5Money Market1.4%
Industry sector
No data available.
Asset type
1International Equities49.4%
2UK Equities19.4%
3Global Fixed Interest11.8%
4Alternative Investment Strategies11.1%
5Global Emerging Market Fixed Interest3.7%
6Property1.9%
7Money Market1.4%
8Alternative Assets1.3%
Individual holdings
1CC JAPAN INCOME & GROWTH FOUNDER UNHEDGED INC4.86%
2GLG UNDERVALUED ASSETS PROFESSIONAL D INC4.37%
3Polar Capital European Ex Uk Inc S ?Hinc4.15%
4MONTANARO EURO SML MONTANARO EUROPEAN EQUITY INCOME FD GBP4.04%
5POLAR CAPITAL GLOBAL CONVERTIBLE S INC GBP4.01%
6ML Capital Angel Oak Multi Strategy Income UCITS Inst Founder GBP Inc3.92%
7POLAR CAPITAL GLOBAL INSURANCE E INC GBP3.75%
8Schroder Income Fd Z Inst (Inc)3.74%
9EVENLODE EVENLODE INCOME C INC3.25%
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund objective
The Fund aims to grow the value of an original investment over the long term and provide investors an income.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
David Thornton01/10/2012David joined Premier in May 2006 and currently co-manages a number of discretionary Multi-Asset portfolios. He has research responsibility 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. He has a BEng (Hons) in Mechanical Engineering from the University of Bristol, holds the IMC and has completed the Certificate in Financial Planning.
Ian Rees01/04/2010Ian has been with Premier since 2000 and joined the Pooled Funds team in April 2005. Ian was formerly the Senior Research Analyst for Closed End funds and has worked on Global Equity and Utility & Infrastructure.
Simon Evan-Cook01/04/2010Senior Investment Manager, Premier Multi-Asset Funds. Simon is co-manager on Premier’s Multi-Asset funds, and researches overseas equity fund sectors. Prior to joining Premier in 2006, Simon held positions at Rothschild, Gartmore and Fidelity. He graduated from Hull University in 1996 with a BSc Honours in Economics and Accounting.
David Hambidge01/04/2010David Hambidge is Director of Multi-Asset Funds and is part of the fund management team for Premier’s multi-asset fund range. He joined Premier in 1987. David has 27 years of investment experience and has managed multi-asset style funds since 1995. David leads the multi-asset investment team which includes Head of Research Ian Rees who joined in 2000, Investment Managers David Thornton and Simon Evan-Cook who joined in 2006, and Nick Kelsall since 2001. Mark Rimmer joined as the team’s investment specialist in 2015.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Premier Multi-Asset Growth & Income A Acc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.32%
Bid price-
Offer price-
Mid price211.35
CurrencyGBX
Price updated18/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ629
Premier Multi-Asset Growth & Income A Inc
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.35%
Total expense ratio (TER)2.32%
Bid price-
Offer price-
Mid price162.69
CurrencyGBX
Price updated18/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ628
Premier Multi-Asset Growth & Income B Inc
Initial charge-
Annual charge1%
Min single investment£50,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price167.33
CurrencyGBX
Price updated18/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGH6J
Premier Multi-Asset Growth & Income C Acc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price185.27
CurrencyGBX
Price updated18/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM25N
Premier Multi-Asset Growth & Income C Inc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price169.76
CurrencyGBX
Price updated18/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGH6K
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.