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
  • David Janesince 18/05/2011
  • Anthony Raynersince 01/01/2015
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
10.2%
1 Year rank in sector
41/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
2.7%
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
£204m (£51m 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.
51
Bid price
137.5198
Offer price
138.3464
Top in this sector
Fund name1 Year
AXA Global Distribution19.2%
S&W The Magpie18.8%
SVS TPI Balanced 216.1%
Investec Caut Mgd15.6%
Omnis Multi-Asset Income15.3%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK41%
    International25%
    Global Emerging Markets9%
    USA8.1%
    Europe ex UK5.7%
  • Equities46.6%
    Corporate Bonds43.5%
    Property3.1%
    Others2.8%
    Commodity & Energy2.2%
  • Global Corporate Fixed Interest22.2%
    UK Corporate Fixed Interest21.3%
    UK Equities19.7%
    Global Emerging Market Equities9%
    US Equities8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-0.8%6.8%10.2%22.2%44.9%
Sector-0.7%-1%5.5%7.1%15.5%34.5%
Rank within sector35 / 21491 / 21365 / 21141 / 20421 / 17330 / 144
Quartile1st2nd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.9%3.7%5.2%15.5%3.6%
Sector7.4%1.2%5%9%8%
Rank within sector52 / 20434 / 19098 / 17511 / 161139 / 145
Quartile2nd1st3rd1st4th
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.
1.32
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.
1.04
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.
0.46
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%.
6.24
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
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.
0.49
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.
0.77
Price movement
52 week high142.01
52 week low120.69
Current bid price137.52
Current offer price138.35
Current mid price-
Region
1UK41%
2International25%
3Global Emerging Markets9%
4USA8.1%
5Europe ex UK5.7%
6Not Specified5.3%
7Asia Pacific ex Japan4.1%
8Money Market1.8%
Industry sector
1Equities46.6%
2Corporate Bonds43.5%
3Property3.1%
4Others2.8%
5Commodity & Energy2.2%
6Money Market1.8%
Asset type
1Global Corporate Fixed Interest22.2%
2UK Corporate Fixed Interest21.3%
3UK Equities19.7%
4Global Emerging Market Equities9%
5US Equities8.1%
6Europe ex UK Equities5.7%
7Asia Pacific ex Japan Equities4.1%
8Property3.1%
9Others2.8%
Individual holdings
1ETFS GOLD BULLION SECURITIES USD2.13%
2ETFS GOLD BULLION SECURITIES USD2.13%
3DB X-TRACKERS NIFTY 50 UCITS ETF 1C GBP2.07%
4HSBC HLDGS1.43%
5RIO TINTO1.18%
6VODAFONE GROUP PLC1.05%
7ROYAL DUTCH SHELL0.99%
8TWENTYFOUR INCOME LIMITED ORD0.99%
9TWENTYFOUR SELECT MONTHLY INCOME FUND LIMITED ORD 1P0.95%
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
David Jane18/05/2011David Jane joined the Darwin group in September 2010. He has more than 23 years' experience in investment management. He was previously Head of Equities Investments at M&G. David joined M&G in December 2000 as a Fund Manager in the global specialist equity team. He served as Head of Equities Investments and Portfolio Manager at M&G Managed Fund and 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. Prior to Axa, he was at Newton Investment Management as Director of Global Financials Research. He also served as a Non Executive Director of M&G High Income Investment Trust plc from October 2002 to July 2010. David graduated with a B.A. Honours in Statistics and Economics.
Anthony Rayner01/01/2015Before joining Miton, Anthony worked for Darwin Investments, analysing portfolio construction and risk for the Darwin Multi Asset Fund. 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. He has 18 years investment experience.
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)1.67%
Total expense ratio (TER)1.8%
Bid price135.8184
Offer price143.467
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA19H
MI Miton Cautious Monthly Income A Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.8%
Bid price125.7927
Offer price132.8767
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA19G
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)0.95%
Total expense ratio (TER)1.05%
Bid price137.5198
Offer price138.3464
Mid price-
CurrencyGBX
Price updated06/12/2016
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)0.95%
Total expense ratio (TER)1.05%
Bid price125.8993
Offer price126.656
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGOZP
Data provided by

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