Funds

Premier Miton Financials Capital Securities Fund

The aim of the fund is to provide a monthly income together with capital growth over the long-term, being five years or more. Five 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 fund invests in a portfolio of fixed and variable interest rate investments, focussing on bonds issued by companies in the financial services sector, such as banks and insurance companies globally. At least 75% is invested in capital securities issued by companies in the financial services sector, such as Tier 1, Tier 2 and subordinated senior securities, with at least 50% invested in contingent capital bonds, known as contingent convertible bonds (CoCos). 

The income will be paid through interest distributions on a monthly basis.

The full investment objective and investment policy for the fund are published in the fund’s Prospectus

In brief
  • Invests in a portfolio of fixed and variable interest rate investments, focussing on bonds issued by companies in the financial services sector, such as banks and insurance companies
  • Offers access to a specialist asset class with at least 50% of the fund invested in CoCos
  • Experienced fund managers with a proven track record of managing investments in this asset class
  • Income paid monthly as interest distributions per share.
  • At least 75% of the fund is invested in capital securities issued by companies in the financial services sector, such as Tier 1, Tier 2 and subordinated senior securities, including contingent capital bonds, also known as contingent convertible bonds (CoCos).
  • Actively managed.
This fund is only available to professional clients and eligible counterparties 
  • who have a good knowledge of relevant financial products and transactions and have relevant financial industry experience and
  • whose main investment priority is to receive a regular income; and
  • who understand the risks of a fund that invests at least 50% in CoCos; and
  • who understand that there is a risk of losing all the capital invested; and
  • who understand that the income paid by the fund is not guaranteed and will fluctuate and
  • who have read the information provided by Premier Miton and understand the nature of the investment, including the risks and commitments; and
  • who can invest for the long-term, which means at least 5 years
  • who have signed the investor letter provided by Premier Miton
This fund is deemed incompatible for retail clients, and those
  • who need to fully protect their investment;
  • who want on-demand full repayment of the amount invested;
  • who have no tolerance for risk;
  • who are unable to accept the possibility that they may not get back the full amount originally invested when they come to sell their investment;
  • who are looking to invest for less than 5 years
  • who are looking for a guaranteed level of investment growth or a guaranteed amount of income
  • who have no experience or only a basic knowledge of relevant financial products and transactions

Fund managers

Lloyd Harris

Robert James

 

Risk and other important information

When you invest, your money is at risk because the value of investments, and any income from them, can go down as well as up and you could get back less than you invested. The past performance of an investment is not a guide to how it will perform in the future. Because there are many different types of investment risk and investors have different attitudes to risk, we are not able to categorise our investments as having a specific level of risk. We would therefore strongly recommend that if you do not have professional experience in matters relating to investments, you should speak with a financial adviser before making an investment decision.

Premier Miton Investors is not authorised to provide investment advice or tax advice. Before making an investment decision, it is also important that you read the key documentation for that investment which is available in the literature section of the website, by contacting a financial adviser or by getting in touch with us directly. See ‘Contact us’ for more information or if you are unsure. You can find more details about the specific risks and literature that are relevant to each type of investment on the individual fund, portfolio or investment trust website pages.

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