Fact sheet: FP Miton Income

Fund information
Fund name
FP Miton Income Inst Acc
Fund manager company
Miton Trust Managers Limited
Fund type
Unit Trust
Fund managers
  • Eric Mooresince 30/04/2010
  • Gervais Williamssince 01/12/2013
Fund objective
To achieve a reasonable and rising income together with long term capital growth. The Fund intends to invest primarily in UK companies but may invest internationally.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Quick stats
1 Year return
2.7%
1 Year rank in sector
49/91
Sector
UT UK Equity Income
Yield
4.3%
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.
0.95%
Fund size
£183m (£191m 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.
82
Bid price
142.7
Offer price
143.94
Top in this sector
Fund name1 Year
UBS UK Equity Income23.8%
Scot Wid Fdmtl Index UK Equity18.1%
SVS Church House DeepValInvts15.5%
SJP UK Growth13.7%
Jupiter Income Trust13.5%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • No data available.
  • Others49.1%
    Biotechnology/Medical16.1%
    Oil & Gas Exploration & Production11.1%
    Mineral Extraction8.5%
    Life Insurance6.9%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.4%-2.9%2.2%2.7%22.2%59.5%
Sector-2%-1.7%4.8%3.4%14.4%59.6%
Rank within sector77 / 9668 / 9671 / 9649 / 9110 / 8243 / 77
Quartile4th3rd3rd3rd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.7%11.7%5.1%21.3%7.6%
Sector4.1%4.9%2.8%24.8%13.5%
Rank within sector58 / 9213 / 8725 / 8358 / 7972 / 78
Quartile3rd1st2nd3rd4th
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.
2.23
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.
0.97
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.
0.5
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%.
8.77
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.
2.32
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.
0.87
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.
0.93
Price movement
52 week high153.91
52 week low125.98
Current bid price142.7
Current offer price143.94
Current mid price-
Region
No data available.
Industry sector
1Others49.1%
2Biotechnology/Medical16.1%
3Oil & Gas Exploration & Production11.1%
4Mineral Extraction8.5%
5Life Insurance6.9%
6Tobacco5.6%
7Money Market2.7%
Asset type
No data available.
Individual holdings
1GLAXOSMITHKLINE5.1%
2BP PLC4.6%
3VODAFONE GROUP4.6%
4ROYAL DUTCH SHELL4.2%
5IMPERIAL TOBACCO GROUP PLC3.3%
6RIO TINTO3.1%
7ASTRAZENECA PLC2.9%
8BT GROUP2.5%
9LEGAL & GENERAL GROUP PLC2.5%
Management
Fund manager group
PSigma Unit Trust Managers
Fund manager company
Miton Trust Managers Limited
Fund type
Unit Trust
Fund objective
To achieve a reasonable and rising income together with long term capital growth. The Fund intends to invest primarily in UK companies but may invest internationally.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Eric Moore30/04/2010Eric joined PSigma in May 2010 to strengthen further the UK equities team. In 1992, Eric graduated with an MA (Hons) in Philosophy, Politics and Economics from Trinity College, Oxford. In 1993, he completed his MSc (Hons) in Cognititive Science at the University of Edinburgh. Eric spent 10 years at Gartmore Investment Management where he managed the Gartmore UK Growth fund, then moved to Insight Investment as Director, UK Equities in 2005 for 5 years where he was responsible for co-managing a combined £5bn of institutional and retail money.
Gervais Williams01/12/2013Gervais Williams joined Miton Group plc in 2011. He manages a number of funds that aggregate to over £1bn, including the Miton UK MicroCap Trust. He is also Managing Director at Miton Group plc, the independent listed fund management group. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, a board member of the Quoted Companies Alliance and a board member of The Investment Association. He is also on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais Williams published his first book 'Slow Finance' in the autumn of 2011, and his second book 'The Future is Small' was published in November 2014. Gervais is Fund Manager of the CF Miton UK Multi Cap Income Fund, CF Miton UK Smaller Companies Fund, Miton Income Fund, Diverse Income Trust plc, The Investment Company plc and Miton UK MicroCap Trust plc. He was recently awarded Fund Manager of the Year 2014 by What Investment.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
FP Miton Income Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price142.7
Offer price143.94
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB6N0
FP Miton Income Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price94.37
Offer price95.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeB6N1
FP Miton Income Ret Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price133.29
Offer price134.46
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV892
FP Miton Income Ret Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price86.97
Offer price87.86
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeV893
Data provided by

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