Premier Multi-Asset Growth & Income Fund Class C Income Shares

Mixed Asset 61-100% Equity

Rated Fund 2015-19. Targets growth and a modest yield

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 2.6% and its ongoing charges are 1.56%, among the most expensive in its peer group.

However, Premier Asset Management boasts an experienced and well-resourced multi-asset team led by David Hambidge. His 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 requirements. Investment trusts as well as open-ended investment funds are both used to good effect in the portfolio.

The team typically meets around 350 fund managers each year, which Hambidge believes is vital to 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 and taking profits from investments that have done well and reallocating the proceeds to areas that have been underperforming, but with better prospects ahead. However, new funds also need to blend with existing holdings.

The fund currently contains around 50 external funds covering equities, bonds, alternative strategies, emerging market debt and property, as well as a small cash holding.

Narrative and ratings content all as of 01 January 2019.

See all Money Observer rated funds
Name
Premier Multi-Asset Growth & Income Fund Class C Income Shares
Manager
Premier Portfolio Managers Limited
Type
Open Ended Investment Company
ISIN
GB00B78H4K93
Sector
Mixed Investment 40-85% Shares
Launched
05/11/2012
OCF
1.56 %
Risk Rating
2
3 Year Sharpe
1.20
Yield
2.7 %
Benchmark
IA Mixed Invest 40 - 85% Shares
The Fund aims to grow the value of an original investment over the long term and provide investors an income. The investment policy of the Fund is to invest in units in collective investment schemes, the Fund may also invest in equities, fixed interest securities, money market instruments, deposits and warrants. The Fund may invest in unregulated collective investment schemes such as hedge funds (where investment in such funds would be consistent with the investment objective and policy of the Fund).
Holding %
Man GLG Undervalued Assets Profl Inc D 4.38 %
TB Evenlode Income C Inc 4.23 %
Polar Cptl Eurp Ex UK Inc S GBP Hdg Inc 4.19 %
CC Japan Income & Growth GBP(unhdg)S Inc 4.11 %
Schroder Income Fd Z Inc 3.96 %
Polar Capital Global Ins E GBP Inc 3.68 %
Montanaro UK Income STG Unhedged 3.63 %
Polar Cap Fd 3.44 %
Fidelity EmMkt TtlRetDbt I-Qinc(G)-GBP 3.40 %
ML Angel Oak Mltstrgy Inc F GBPInc 3.07 %
Region %
United Kingdom 31.38 %
Japan 16.48 %
Eurozone 14.13 %
United States 10.74 %
Asia - Emerging 9.01 %
Asia - Developed 5.93 %
Europe - ex Euro 5.18 %
Sector %
Financial Services 22.04 %
Industrials 15.62 %
Consumer Cyclical 13.34 %
Technology 9.08 %
Consumer Defensive 7.88 %
Basic materials 7.30 %
Healthcare 6.20 %
Utilities 5.99 %
Name
Premier Portfolio Managers Limited
Address
GU1 3DE, Guildford, United Kingdom
UCITS
No
Legal Structure
Open Ended Investment Company

Managers

David Thornton
Joined 10/01/2012

David Thornton, 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.

Simon Evan-Cook
Joined 07/01/2012

Senior 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 Hambidge
Joined 07/01/2012

David Hambidge is Director and is part of the fund management team for Premier’s multi-asset fund range. He joined Premier in 1987. David 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.

Ian Rees
Joined 07/01/2012

Ian 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.

Data provided by Morningstar.

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