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. Following unitholder approval, the FP Premier Miton Income Fund merged with the Premier Monthly Income Fund by way of a scheme of arrangement in accordance with FCA regulations on 25th September 2020. Please click here for more information The objective of the fund is to provide an income together with capital growth over the long term, being five years or more. Five years is also the minimum recommended term 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 income will be paid monthly, by dividend distributions. The fund manager aims to achieve the objective of the fund by investing in an actively managed portfolio with a minimum of 80% of its assets in shares in companies listed in the UK. Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to facilitate comparison between funds with broadly similar characteristics. The fund is classified in the IA UK Equity Income sector, which we believe is a meaningful comparator to help investors assess the performance of the fund. As the fund invests in UK companies, we believe the FTSE All-Share Index, which is made up of many of the companies listed on the London Stock Exchange, is also a meaningful comparator to help investors assess performance. There is no guarantee that the fund will achieve its objective. The full investment objective and investment policy for the fund are published in the fund’s Prospectus. Dividend payments: In certain conditions, companies may reduce or even suspend paying dividends until those conditions improve. This could impact the amount of income distributed by the fund. In the past the dividends paid by the fund have been smoothed, meaning the size of dividend payments were relatively consistent through each fund financial year, with a larger, final payment at year end. We have changed this approach to one where all dividends received in a month will be paid out by the fund in that month. This means that the size of dividend payments will now vary from month to month. We believe that this change will assist in meeting the fund’s objective to provide an income, together with capital growth over the long term. 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 Income paid monthly, as dividends per share Mainly invests in UK company shares Focussed on companies which offer good income and income growth opportunities Experienced fund manager 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; whose main investment priority is to receive a regular income; who can invest for the long-term, which means at least 5 years; who understand that the amount of income they will receive is not guaranteed and can go up and down; who appreciate the potential for attractive returns of investing in company shares, but also understand the higher risk that these investments may bring; 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; who have no tolerance for risk whose main investment priority is to grow the value of their original investment; 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; and 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. Please remember that past performance is not a guide to future returns and the price of shares and the income from them may go down as well as up and there is the possibility of loss on the amount invested. Reference to any particular fund does not constitute a recommendation or advice. Like to know more? If you are interested in this Fund or would like any further information, please consult with your financial adviser in the first instance to ensure the fund is appropriate for you. If you require more information please email us. Email us