Fact sheet: MI MitonCautMthInc

Fund information
Fund name
MI Miton Cautious Monthly Income B Acc
Fund manager company
Miton Asset Management
Fund type
Unit Trust
Fund managers
  • Anthony Raynersince 01/01/2015
  • David Janesince 19/05/2011
Fund objective
To provide an increasing level of income, over a three to five year rolling period, with the potential for capital growth by investing in a diversified mix of assets from around the world, including shares and bonds (which are like loans to companies, governments and other organisations that can pay a fixed or variable interest rate).
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
14.7%
1 Year rank in sector
44/198
Sector
UT Mixed Investment 20%-60% Shares
Yield
3.3%
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.
0.86%
Fund size
£240m (£55m 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.
52
Bid price
145.9297
Offer price
146.6722
Top in this sector
Fund name1 Year
Omnis Multi-Asset Income21.7%
AXA Lifetime Distribution21.7%
S&W The Magpie21.5%
Artemis Monthly Distribution20.9%
AXA Global Distribution20.7%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK30.5%
    USA29.7%
    Europe ex UK17.7%
    Japan9%
    Asia Pacific ex Japan7.6%
  • Banks25.3%
    Fixed Interest14.1%
    Capital Goods12.5%
    Materials7.4%
    Insurance5.1%
  • Global Corporate Fixed Interest20.6%
    UK Corporate Fixed Interest19.2%
    Europe ex UK Equities13.5%
    US Equities12.7%
    UK Equities10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%2.3%3.7%14.7%28.5%51.9%
Sector0.6%2.7%3.6%12.5%19.6%38%
Rank within sector46 / 205140 / 20591 / 20144 / 19812 / 17119 / 143
Quartile1st3rd2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.4%11.7%3.7%5.2%15.5%
Sector3.1%10.3%1.2%5%9%
Rank within sector22 / 20470 / 19232 / 18093 / 16611 / 155
Quartile1st2nd1st3rd1st
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.
2.3
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.
0.98
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.
0.82
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%.
6
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.
3.07
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.
0.7
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.
0.73
Price movement
52 week high146.62
52 week low125.49
Current bid price145.93
Current offer price146.67
Current mid price-
Region
1UK30.51%
2USA29.69%
3Europe ex UK17.71%
4Japan8.95%
5Asia Pacific ex Japan7.57%
6Global Emerging Markets3.93%
7Others1.65%
Industry sector
1Banks25.29%
2Fixed Interest14.13%
3Capital Goods12.46%
4Materials7.36%
5Insurance5.11%
6Software4.91%
7Energy4.88%
8Mutual Funds4.25%
9Hardware3.19%
Asset type
1Global Corporate Fixed Interest20.63%
2UK Corporate Fixed Interest19.17%
3Europe ex UK Equities13.45%
4US Equities12.73%
5UK Equities10%
6Japanese Equities9.37%
7Asia Pacific ex Japan Equities6.47%
8Global Emerging Market Equities2.89%
9Money Market1.92%
Individual holdings
1GOLD BULLION SECURITIES LD GOLD BULLION SECURITIES USD1.66%
2GOLD BULLION SECURITIES LD GOLD BULLION SECURITIES USD1.66%
3BP1.09%
4ROYAL DUTCH SHELL1.01%
5BANCO BILBAO VIZCAYA ARGENTARIA SA1%
6HSBC HLDGS CALL SUB 6.375%/FLTG RT NTS 18/10/22 GBP0.98%
7RIO TINTO0.95%
8MARRIOTT INTERNATIONAL INC0.9%
9AVIVA 8.25% TIER PERP USD200000 10.87%
Management
Fund manager group
Miton
Fund manager company
Miton Asset Management
Fund type
Unit Trust
Fund objective
To provide an increasing level of income, over a three to five year rolling period, with the potential for capital growth by investing in a diversified mix of assets from around the world, including shares and bonds (which are like loans to companies, governments and other organisations that can pay a fixed or variable interest rate).
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Anthony Rayner01/01/2015Anthony Rayner joined Miton Group plc in June 2014 and has 18 years investment experience. Prior to Miton, Anthony worked for Darwin Investment Management Ltd, analysing portfolio construction and risk for the Darwin Multi Asset Fund alongside David Jane. Prior to this, he worked for M&G, focusing on portfolio construction and risk for UK equity funds and then for the multi asset fund range. Previously, he was a member of the Asset Allocation and Economics team at Merrill Lynch Investment Managers. Anthony is Fund Manager of the CF Miton Cautious Multi Asset Fund, CF Miton Defensive Multi Asset Fund and the MI Miton Cautious Monthly Income Fund.
David Jane19/05/2011David Jane joined Miton Group plc in June 2014 and has more than 25 years’ experience in investment management. He founded Darwin Investment Management Ltd in September 2010 and prior to that he was Head of Equities Investments at M&G. David joined M&G in December 2000 as a Fund Manager in the global specialist equity team before becoming Head of Equities investments. Whilst there he was portfolio manager of the M&G Managed Fund and the M&G Cautious Multi Asset Fund, which he launched in February 2007 and grew to over £300 million during his tenure. Prior to M&G, David was the Head of Global Financials Research at AXA Investment Management and before that he was at Newton Investment Management as Director of Global Financials Research. He also served as Non-Executive Director of M&G High Income Investment Trust plc from October 2002 to July 2010. David graduated from Keele University with a B.A. Honours in Economics, Statistics and Operations Research. David is Fund Manager of the CF Miton Cautious Multi Asset Fund, CF Miton Defensive Multi Asset Fund and the MI Miton Cautious Monthly Income Fund
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
MI Miton Cautious Monthly Income A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.8%
Bid price143.6726
Offer price151.6243
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA19H
MI Miton Cautious Monthly Income B Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)1.05%
Bid price145.9297
Offer price146.6722
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOZQ
MI Miton Cautious Monthly Income B Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)1.05%
Bid price132.3385
Offer price133.0119
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGOZP
Data provided by

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