Following FCA approval, on 27 November 2020, ‘Miton’ was added to the name of the fund to reflect the merger of Premier Asset Management Group plc and Miton Group plc which took place in November 2019 to form the Premier Miton group. Notification: On 05 January 2021, the investment objective and investment policy of this fund were updated to provide further clarity about how the fund is managed by the investment team to achieve the fund’s objective. We have also made some changes to the investment strategy. These changes are outlined here. The objective of the fund is to generate an income. The recommended holding period for the fund is up to one year. This does not mean that the fund will achieve the objective throughout this, or any other, specific time period and there is a risk of loss to the original capital invested. The income will be paid four times a year as interest payments. The Premier Miton UK Money Market Fund is a standard variable net asset value (VNAV) money market fund. This type of investment is different from an investment in cash deposits and the amount invested in a money market fund can go down as well as up. This means that there is a risk of loss to your capital and any gains you make on it. This fund is not a guaranteed investment. The fund managers aim to achieve the objective of the fund by investing in an actively managed portfolio of investments available in money markets. The fund is diversified across a range of deposits and short-term money market investments, in sterling, issued by governments, financial institutions (such as commercial banks), other corporate entities and supranational institutions (organisations that relate to more than one country, such as the World Bank). Those investments may include fixed rate bonds, floating (variable) rate notes, commercial paper (issued by companies to meet short-term liabilities), fixed term cash deposits, certificates of deposit, deposits, cash and near cash. The Bank of England’s Monetary Policy Committee sets interest rates in the UK. These will impact the rates the Fund can obtain in the money markets and the return to investors. Very low or negative interest rates may result in the fund producing a negative return over a given period of time, as the ongoing charges for the fund may be higher than the interest received. The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested. Find out more In brief Money market fund aiming to provide cash-like returns Income paid four times a year as interest distributions Diversified exposure to high quality institutions Experienced fixed income team The fund might be suitable for investors: who have basic investment markets knowledge or experience of the basic characteristics and risks of funds; who understand that all of their investment is at risk; who are looking for steady, cash-like returns with a regular income; who are very risk-averse and seeking a lower risk investment strategy; who appreciate that the returns on their investment are likely to be less than the typical returns from an portfolio that invests in higher risk assets; who are looking to invest in a portfolio which invests primarily in cash and cash like investments; who understand that the amount of income they will receive is not guaranteed and can go up and down; who understand that there are no guarantees that they will get back the full amount originally invested when they come to sell their investment; and who have consulted with an authorised financial adviser The fund might not be suitable for investors: who need to fully protect their investment; who want on-demand full repayment of the amount invested; whose main investment priority is to grow the value of their original investment; who are looking for the potential of high returns on their capital 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 for a guaranteed level of growth on their original investment or a guaranteed amount of income. The suitability descriptions above are for guidance only. We would always strongly recommend that investors consult with a financial adviser who can help assess risk profiles and the suitability of a fund. We are unable to provide individual investment advice or advise on the suitability of this fund for individual investors. Before making an investment commitment, investors should: Consult with an authorised financial adviser. Read the fund’s ‘Key Investor Information Document’. Read the ‘Supplementary Information Document’. Understand and feel comfortable with the risks summarised in the Key Investor Information Document and detailed in the fund’s Prospectus. Like to know more? If you are interested in this fund or would like any further information, please contact us. Email us Fund managers